01-23-2024 (City Council) Agenda Packet
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Wylie City Council Regular Meeting
January 23, 2024 – 6:00 PM
Council Chambers - 300 Country Club Road, Building #100, Wylie, Texas 75098
CALL TO ORDER
INVOCATION & PLEDGE OF ALLEGIANCE
PRESENTATIONS & RECOGNITIONS
PR1. Recognition of In-Sync Exotics.
PR2. Eagle Scout Award - Brian Goodrich.
PR3. National Human Trafficking Prevention Month.
COMMENTS ON NON-AGENDA ITEMS
Any member of the public may address Council regarding an item that is not listed on the Agenda. Members of the public must
fill out a form prior to the meeting in order to speak. Council requests that comments be limited to three minutes for an
individual, six minutes for a group. In addition, Council is not allowed to converse, deliberate or take action o n any matter
presented during citizen participation.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the City Council and will be enacted by one motion.
There will not be separate discussion of these items. If discussion is desired, that item will be removed from the Consent Ag enda
and will be considered separately.
A. Consider, and act upon, approval of January 9, 2024 Regular City Council Meeting minutes.
B. Consider, and act upon, the City of Wylie Monthly Revenue and Expenditure Report for December 31, 2023.
C. Consider, and place on file, the City of Wylie Monthly Investment Report for December 31, 2023.
D. Consider, and place on file, the monthly Revenue and Expenditure Report for the Wylie Economic
Development Corporation as of December 31, 2023.
E. Consider, and act upon, Ordinance No. 2024-02 amending Ordinance No. 2023-39, which established the
budget for fiscal year 2023-2024; providing for repealing, savings and severability clauses; and providing for
an effective date of this ordinance.
F. Consider, and act upon, Ordinance No. 2024-03 amending Ordinance No. 2023-39, which established the
budget for fiscal year 2023-2024; providing for repealing, savings and severability clauses; and providing for
an effective date of this ordinance.
G. Consider, and act upon, Ordinance No. 2024-04 for a change in zoning from Multi-Family (MF) to
Commercial Corridor - Special Use Permit (CC-SUP) on 0.198 acres to allow for an office use within a
residential structure. Property located at 100 S. 3rd Street (ZC 2023-14).
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REGULAR AGENDA
1. Consider, and act upon, Resolution No. 2024-02(R) authorizing the City Manager of the City of Wylie to
execute the Grade Crossing Construction Agreement between The Kansas City Southern Railway Company
and the City of Wylie, Texas concerning the construction of the railway crossing of Eubanks Lane, north of
Centennial Drive.
2. Consider, and act upon, acceptance of the Annual Comprehensive Financial Report (ACFR) for FY 2022-23
following a presentation by the audit firm Weaver, LLP.
EXECUTIVE SESSION
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY; CLOSED MEETING.
A governmental body may conduct a closed meeting to deliberate the purchase, exchange, lease, or value of real
property if deliberation in an open meeting would have a detrimental effect on its negotiating position.
ES1. Consider the sale or acquisition of properties located at Ballard/Brown, Brown/Eubanks, FM 544/Cooper,
FM 544/Sanden, Jackson/Oak, Regency/Steel, State Hwy 78/Ballard, State Hwy 78/Brown, and State Hwy
78/Skyview.
Sec. 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS;
CLOSED MEETING.
This chapter does not require a governmental body to conduct an open meeting:
(1) to discuss or deliberate regarding commercial or financial information that the governmental body has received
from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of
the governmental body and with which the governmental body is conducting economic development negotiations;
or
(2) to deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1).
ES2. Deliberation regarding commercial or financial information that the WEDC has received from a business
prospect and to discuss the offer of incentives for Projects: 2013-9a, 2022-1c, 2022-10c, 2023-1c, 2023-2d,
2023-3b, 2023-4c, 2023-5b, 2023-9b, 2023-10a, 2023-12c, 2024-1a, and 2024-1b.
RECONVENE INTO OPEN SESSION
Take any action as a result from Executive Session.
READING OF ORDINANCES
Title and caption approved by Council as required by Wylie City Charter, Article III, Section 13 -D.
ADJOURNMENT
CERTIFICATION
I certify that this Notice of Meeting was posted on January 19, 2024 at 5:00 p.m. on the outside bulletin board at
Wylie City Hall, 300 Country Club Road, Building 100, Wylie, Texas, a place convenient and readily accessible to
the public at all times.
___________________________ ___________________________
Stephanie Storm, City Secretary Date Notice Removed
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The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled
attendees must be requested 48 hours in advance by contacting the City Secretary’s Office at 972.516.6020. Hearing
impaired devices are available from the City Secretary prior to each meeting.
If during the course of the meeting covered by this notice, the City Council should determine that a closed or
executive meeting or session of the City Council or a consultation with the attorney for the City should be held or
is required, then such closed or executive meeting or session or consultation with attorney as authorized by the
Texas Open Meetings Act, Texas Government Code § 551.001 et. seq., will be held by the City Council at the date,
hour and place given in this notice as the City Council may conveniently meet in such closed or executive meeting
or session or consult with the attorney for the City concerning any and all subjects and for any and all purposes
permitted by the Act, including, but not limited to, the following sanctions and purposes:
Texas Government Code Section:
§ 551.071 – Private consultation with an attorney for the City.
§ 551.072 – Discussing purchase, exchange, lease or value of real property.
§ 551.074 – Discussing personnel or to hear complaints against personnel.
§ 551.087 – Discussing certain economic development matters.
§ 551.073 – Discussing prospective gift or donation to the City.
§ 551.076 – Discussing deployment of security personnel or devices or security audit.
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Wylie City Council
AGENDA REPORT
Department: City Secretary Account Code:
Prepared By: Stephanie Storm
Subject
Consider, and act upon, approval of January 9, 2024 Regular City Council Meeting minutes.
Recommendation
Motion to approve the Item as presented.
Discussion
The minutes are attached for your consideration.
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01/23/2024 Item A.
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Wylie City Council Regular Meeting Minutes
January 09, 2024 – 6:00 PM
Council Chambers - 300 Country Club Road, Building #100, Wylie, Texas 75098
CALL TO ORDER
Mayor Matthew Porter called the regular meeting to order at 6:03 p.m. The following City Council members were
present: Councilman David R. Duke, Councilman Dave Strang, Mayor pro tem Jeff Forrester, Councilman Scott
Williams, Councilman Sid Hoover, and Councilman Gino Mulliqi.
Staff present included: City Manager Brent Parker; Deputy City Manager Renae Ollie; Assistant City Manager Lety
Yanez; Fire Chief Brandon Blythe; Police Lieutenant Trey Cotten; Community Services Director Jasen Haskins;
Public Information Officer Craig Kelly; City Secretary Stephanie Storm; Parks and Recreation Director Carmen
Powlen; Purchasing Manager Chris Rodriguez; Finance Director Melissa Brown; City Engineer Tim Porter; and
various support staff.
INVOCATION & PLEDGE OF ALLEGIANCE
Councilman Strang led the invocation, and Councilman Duke led the Pledge of Allegiance.
PRESENTATIONS & RECOGNITIONS
PR1. Wylie Way Students (K-12).
Mayor Porter, WISD Board President Jacob Day, and WISD Superintendent Dr. David Vinson presented a
medallion to students demonstrating “Shining the Wylie Way.” Every nine weeks one student from each WISD
campus is chosen as the “Wylie Way Student.”
Mayor Porter recognized National Law Enforcement Appreciation Day and thanked the Police Department for all
that they do.
COMMENTS ON NON-AGENDA ITEMS
Any member of the public may address Council regarding an item that is not listed on the Agenda. Members of the public must
fill out a form prior to the meeting in order to speak. Council requests that comments be limited to three minutes for an
individual, six minutes for a group. In addition, Council is not allowed to converse, deliberate or take action on any matter
presented during citizen participation.
Dr. Fazla Rabbi Hossain, representing BTP, requested that the Council add an item to a future agenda for a cease-
fire resolution.
CONSENT AGENDA
All matters listed under the Consent Agenda are considered to be routine by the City Council and will be enacted by one motio n.
There will not be separate discussion of these items. If discussion is desired, that item will be removed from the Consent Agenda
and will be considered separately.
A. Consider, and act upon, approval of December 12, 2023 Regular City Council Meeting minutes.
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01/23/2024 Item A.
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B. Consider, and act upon, the City of Wylie Monthly Revenue and Expenditure Report for November
30, 2023.
C. Consider, and place on file, the City of Wylie Monthly Investment Report for November 30, 2023.
D. Consider, and act upon, Ordinance No. 2024-01 amending Ordinance No. 2023-39, which established
the budget for fiscal year 2023-2024; providing for repealing, savings and severability clauses; and
providing for an effective date of this ordinance.
E. Consider, and act upon, a request regarding the demolition of a residential structure i n accordance
with Ordinance No. 2022-34. Property located at 300 N. Second St. within the Downtown Historic
District.
F. Consider, and act upon, the recommendation to reject all bids for W2024-11-A for Janitorial Services.
Council Action
A motion was made by Mayor pro tem Forrester, seconded by Councilman Strang, to approve the Consent Agenda
as presented. A vote was taken and the motion passed 7-0.
REGULAR AGENDA
1. Hold a Public Hearing, consider, and act upon, the writing of an ordinance for a change in zoning from
Multi-Family (MF) to Commercial Corridor - Special Use Permit (CC-SUP) on 0.198 acres to allow
for an office use within a residential structure. Property located at 100 S 3rd Street (ZC 2023-14).
Staff Comments
Community Services Director Haskins addressed the Council stating the applicant is requesting to rezone the
property located at 100 S. Third Street, consisting of just under 0.2 acres, from multifamily to commercial corridor
with a special use permit (SUP) to allow the property to be used as a commercial use, but with the existing
residential structure. The conditions also allow for a reduced front setback of 13 feet eight inches instead of the
typical 25; however, staff does not see an issue as it will be rear entry and parking. The S UP will be rescinded if
the structure is destroyed, or if the applicant does not either own or manage the property or the use. Haskins reported
notices were sent to 16 property owners within 200 feet as required by law and two responses were received in
favor and one in protest. Additionally, three responses in favor were received but were located outside of the
notification area. The Planning and Zoning (P&Z) Commission did ask the applicant what kind of business they
were going to use the structure for and the applicant responded they would have a home healthcare dispatch office.
The P&Z Commission did vote 7-0 to recommend approval. Haskins added the applicant did request that the zoning
exhibit act as the site plan; therefore, the approval of the SUP is also approval of the site plan for them to move
forward with the construction.
Public Hearing
Mayor Porter opened the public hearing on Item 1 at 6:45 p.m. asking anyone present wishing to address Council
to come forward.
Bob Heath addressed the Council stating this is a historical structure that they wish to turn into office space for a
hospice care business. Their company has turned several historical structures into office space, has restored more
than 50 percent of the historical buildings downtown and many others around it, and cares greatly about the
preservation of historical structures.
Mayor pro tem Forrester commended Mr. Heath on all that he has done renovating buildings downtown and asked
if he sees an issue where this building would have to be destroyed. Heath replied no, most updates will be inside
the structure and the outside will look the same, just better. Councilman Duke asked if anyone would be living in
the structure. Heath replied no it will be office space only. Councilman Mulliqi stated currently when it rains there
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01/23/2024 Item A.
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is ponding water near the side of the structure and asked if anything will be done to improve that. Robert Heath Jr.
replied a retention pond is planned for the property. Mulliqi confirmed there will be two entries created but it will
be one way. Heath confirmed that is correct. Mayor Porter asked about the future ownership of the property. Heath
replied once renovations are done to the property it will be sold to an individual to be utilized for the commercial
structure. Councilman Williams asked if the City has future plans to change the E. Oak and Highway 78 connection.
Haskins responded no. Williams asked about the variances requested for the setback. Haskins replied it currently
has a 13.8 setback so staff is keeping it as is since it is a historic building and the City owns all of the property
outside of the property line. Forrester asked who owns the driveway. Haskins replied the City does. Forrester asked
if the City is doing an easement with the property owner and if so, could this create an issue if the site plan is
approved before an easement is approved by Engineering. Haskins replied Engineering has looked at the zoning
exhibit and is okay with the general idea of it and added there is verbiage in the agenda report that reverts to
engineering approval. Forrester asked if the City would be in charge of the maintenance of the driveway. Haskins
replied no, it is a driveway maintained by the property owner. Mulliqi asked if Oak Street was to be widened, do
we have to get the property owners' permission. Haskins replied no as there will be an easement and the City owns
it. Porter asked if there would be any screening added along Third Street, and expressed concern with detention and
a parking lot added by residential without added screening. Haskins replied not currently but the applicant is willing
to do a board-on-board fence, and added staff will ensure the verbiage will be added for screening. Mulliqi
confirmed that no individual will be living there when it becomes a commercial property but, in the future, the
property owner may reside there, and asked if that is allowed. Haskins replied that based on the verbiage in the
SUP, the specified owner can change the use from commercial to residential at any time.
Mayor Porter closed the public hearing at 7:07 p.m.
Council Action
A motion was made by Mayor pro tem Forrester, seconded by Councilman Strang, to approve Item 1 as presented
and to include a screen between the residents to the south and the business for Zoning Case 2023-14. A vote was
taken and the motion passed 7-0.
2. Consider, and act upon, Resolution No. 2024-01(R) of the City of Wylie, Dallas County, Texas, casting
its vote for the runoff election for the fourth member of the Board of Directors of the Dallas Central
Appraisal District.
Council Comments
Mayor Porter stated this is for a runoff after as Council had previously voted for Mr. Franks. The two individuals
that remain are Mr. Franks, who was nominated by the city of Sachse, and Mr. Hurtt, nominated by the cities of
Seagoville and Carrollton.
Council Action
A motion was made by Mayor pro tem Forrester, seconded by Councilman Mulliqi, to approve Resolution No.
2024-01(R) of the City of Wylie, Dallas County, Texas, casting its vote for the runoff election for Brett Franks as
the fourth member of the Board of Directors of the Dallas Central Appraisal District. A vote was taken and the
motion passed 7-0.
READING OF ORDINANCES
Title and caption approved by Council as required by Wylie City Charter, Article III, Section 13 -D.
City Secretary Storm read the caption of Ordinance No. 2024-01 into the official record.
ADJOURNMENT
A motion was made by Councilman Strang, seconded by Councilman Duke, to adjourn the meeting at 7:11 p.m.
A vote was taken and the motion passed 6-1 with Mayor pro tem Forrester voting against.
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01/23/2024 Item A.
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______________________________
Matthew Porter, Mayor
ATTEST:
______________________________
Stephanie Storm, City Secretary
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01/23/2024 Item A.
Wylie City Council
AGENDA REPORT
Department: Finance Account Code:
Prepared By: Melissa Brown
Subject
Consider, and act upon, the City of Wylie Monthly Revenue and Expenditure Report for December 31, 2023.
Recommendation
Motion to approve the Item as presented.
Discussion
The Finance Department has prepared the attached reports for the City Council as required by the City Charter.
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01/23/2024 Item B.
CITY OF WYLIE
MONTHLY FINANCIAL REPORT
12/31/2023
ANNUAL CURRENT YTD ACTUAL Benchmark
BUDGET MONTH ACTUAL YTD ACTUAL AS A PERCENT 25.00%
ACCOUNT DESCRIPTION 2022-2023 2022-2023 2022-2023 OF BUDGET
GENERAL FUND REVENUE SUMMARY
TAXES 39,807,333 18,548,856 19,931,868 50.07%A
FRANCHISE FEES 2,953,146 27,941 27,941 0.95%B
LICENSES AND PERMITS 1,275,000 58,023 202,876 15.91%C
INTERGOVERNMENTAL REV. 2,590,293 2,554 559,033 21.58%
SERVICE FEES 4,343,203 389,213 852,750 19.63% D
COURT FEES 340,000 24,208 77,153 22.69%
INTEREST INCOME 1,526,221 86,186 268,788 17.61%E
MISCELLANEOUS INCOME 260,807 5,701 19,129 7.33%
OTHER FINANCING SOURCES 2,640,204 0 2,647,283 100.27%F
REVENUES 55,736,207 19,142,682 24,586,821 44.11%
USE OF FUND BALANCE 0 0 0 0.00%
USE OF CARRY-FORWARD FUNDS 1,914,392 NA NA NA G
TOTAL REVENUES 57,650,599 19,142,682 24,586,821 42.65%
GENERAL FUND EXPENDITURE SUMMARY
CITY COUNCIL 96,401 10,008 21,081 21.87%
CITY MANAGER 1,294,357 151,356 308,277 23.82%
CITY SECRETARY 417,515 36,835 90,216 21.61%
CITY ATTORNEY 170,000 24,619 41,933 24.67%
FINANCE 1,377,712 393,679 507,160 36.81%H
FACILITIES 1,061,869 107,645 213,062 20.06%
MUNICIPAL COURT 601,699 66,956 140,274 23.31%
HUMAN RESOURCES 851,043 102,706 206,658 24.28%
PURCHASING 325,350 30,285 104,152 32.01%
INFORMATION TECHNOLOGY 2,230,036 128,624 824,547 36.97%I
POLICE 14,164,952 1,408,410 3,066,694 21.65%
FIRE 16,559,938 1,504,205 3,252,161 19.64%
EMERGENCY COMMUNICATIONS 2,635,257 206,513 528,635 20.06%
ANIMAL CONTROL 776,455 83,216 167,471 21.57%
PLANNING 374,191 32,947 76,478 20.44%
BUILDING INSPECTION 648,365 70,100 141,906 21.89%
CODE ENFORCEMENT 218,297 19,030 45,081 20.65%
STREETS 4,187,262 294,591 611,307 14.60%
PARKS 2,825,347 249,207 533,017 18.87%
LIBRARY 2,297,296 240,664 544,686 23.71%
COMBINED SERVICES 5,474,257 389,679 1,320,308 24.12%
TOTAL EXPENDITURES 58,587,599 5,551,273 12,745,105 21.75%
REVENUES OVER/(UNDER) EXPENDITURES -937,000 13,591,408 11,841,717 20.89%
A. Property Tax Collections for FY23-24 as of December 31, 2023 are 62%, in comparison to FY22-23 for the same time period of 59%. Sales tax is on a 2 month
lag and only one has been received. Sales Tax is up 10.6%
B. Franchise Fees: Most franchise fees are recognized quarterly with electric fees making up the majority.
C. Building Permits are up 22% from FY 2022-23. Permits fluctuate monthly and are anticipated to meet budget for FY 2023-24.
D. Service Fees: Trash fees are on a one month lag and only two months have been received. The remaining fees are from other seasonal fees.
E. Interest Rates have remained relatively flat over the last few months.
F. Yearly transfer from Utility Fund and insurance recoveries.
G. Largest Carry Forward items: $150,000 for PW/Community Services Software, $288,000 for police and streets vehicles, $338,840 for ambulance, $119,102 for
APX Mobile Radios, $600,000 for Woodbridge/Hensley Traffic Signal.
H. Annual audit and appraisal district fees
I. Annual maintenance agreements
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01/23/2024 Item B.
CITY OF WYLIE
MONTHLY FINANCIAL REPORT
December 31, 2023
ANNUAL CURRENT YTD ACTUAL Benchmark
BUDGET MONTH ACTUAL YTD ACTUAL AS A PERCENT 25.00%
ACCOUNT DESCRIPTION 2022-2023 2022-2023 2022-2023 OF BUDGET
UTILITY FUND REVENUES SUMMARY
SERVICE FEES 29,434,997 2,237,288 4,971,563 16.89% J
INTEREST INCOME 719,896 111,352 309,228 42.95% K
MISCELLANEOUS INCOME 70,000 3,440 7,925 11.32%
OTHER FINANCING SOURCES 0.00%
REVENUES 30,224,893 2,352,080 5,288,716 17.50%
USE OF FUND BALANCE 0 NA 0 0
USE OF CARRY-FORWARD FUNDS 1,449,523 NA NA NA L
TOTAL REVENUES 31,674,416 NA 5,288,716 16.70%
UTILITY FUND EXPENDITURE SUMMARY
UTILITY ADMINISTRATION 654,545 67,115 121,725 18.60%
UTILITIES - WATER 3,907,389 362,456 575,967 14.74%
CITY ENGINEER 1,345,215 163,401 264,032 19.63%
UTILITIES - SEWER 1,503,680 136,210 248,185 16.51%
UTILITY BILLING 1,493,339 105,428 254,909 17.07%
COMBINED SERVICES 20,287,375 3,260,539 6,044,917 29.80% M
TOTAL EXPENDITURES 29,191,543 4,095,149 7,509,735 25.73%
REVENUES OVER/(UNDER) EXPENDITURES 2,482,872 -1,743,069 -2,221,020 -9.03%
J. Most Utility Fund Revenue is on a one month lag and only two months have been received.
K. Interest Rates have remained relatively flat over the last few months.
L. Largest Carry Forward items: PW/Community Services Software $135,730, Lead and Copper Revision $150,964, Water Pump Station Backup Generators
$736,937 and Dogwood Drive Waterline Replacement $100,000.
M. Annual transfer to the General Fund.
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01/23/2024 Item B.
Wylie City Council
AGENDA REPORT
Department: Finance Account Code:
Prepared By: Melissa Brown
Subject
Consider, and place on file, the City of Wylie Monthly Investment Report for December 31, 2023.
Recommendation
Motion to approve the Item as presented.
Discussion
The Finance Department has prepared the attached reports for the City Council as required by the City Charter.
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01/23/2024 Item C.
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01/23/2024 Item C.
Wylie City Council
AGENDA REPORT
Department: WEDC Account Code:
Prepared By: Jason Greiner
Subject
Consider, and place on file, the monthly Revenue and Expenditure Report for the Wylie Economic Development Corporation
as of December 31, 2023.
Recommendation
Motion to approve the Item as presented.
Discussion
The Wylie Economic Development Corporation (WEDC) Board of Directors approved the attached financials on January 12,
2024.
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01/23/2024 Item D.
1/5/2024 12:25:28 PM Page 1 of 4
December Rev/Exp Report
Account Summary
For Fiscal: 2023-2024 Period Ending: 12/31/2023
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
AcƟvity
Original
Total Budget
Fund: 111 WYLIE ECONOMIC DEVEL CORP
Revenue
Category: 400 Taxes
SALES TAX 4,536,561.00 374,686.38 4,161,874.62 91.74 %374,686.38111400040210 4,536,561.00
Category: 400 Taxes Total:374,686.38374,686.384,536,561.00 4,536,561.00 4,161,874.62 91.74%
Category: 460 Interest Income
ALLOCATED INTEREST EARNINGS 112,000.00 129,464.17 17,464.17 115.59 %46,282.99111400046110 112,000.00
Category: 460 Interest Income Total: 129,464.1746,282.99112,000.00 112,000.00 17,464.17 15.59%
Category: 480 Miscellaneous Income
RENTAL INCOME 48,600.00 5,080.65 43,519.35 89.55 %2,800.00111400048110 48,600.00
MISCELLANEOUS INCOME 0.00 1,258.18 1,258.18 0.00 %1,258.18111400048410 0.00
GAIN/(LOSS) SALE OF CAP ASSETS 2,655,970.00 223,384.36 2,879,354.36 108.41 %74,295.35111400048430 2,655,970.00
Category: 480 Miscellaneous Income Total:217,045.5370,237.172,704,570.00 2,704,570.00 2,921,615.53 108.03%
Revenue Total: 287,105.02350,732.207,353,131.00 7,353,131.00 7,066,025.98 96.10%
Expense
Category: 510 Personnel Services
SALARIES 440,500.00 87,497.88 353,002.12 80.14 %44,429.88111561151110 440,500.00
OVERTIME 0.00 871.40 871.40 0.00 %0.00111561151130 0.00
LONGEVITY PAY 1,200.00 1,092.00 108.00 9.00 %0.00111561151140 1,200.00
TMRS 68,500.00 12,832.25 55,667.75 81.27 %6,416.19111561151310 68,500.00
HOSPITAL & LIFE INSURANCE 81,000.00 14,974.58 66,025.42 81.51 %5,023.17111561151410 81,000.00
LONGTERM DISABILITY 1,600.00 117.00 1,483.00 92.69 %58.50111561151420 1,600.00
FICA 27,000.00 5,158.06 21,841.94 80.90 %2,617.58111561151440 27,000.00
MEDICARE 6,400.00 1,206.30 5,193.70 81.15 %612.16111561151450 6,400.00
WORKERS COMP PREMIUM 2,100.00 825.66 1,274.34 60.68 %0.00111561151470 2,100.00
UNEMPLOYMENT COMP (TWC) 1,600.00 5.00 1,595.00 99.69 %0.08111561151480 1,600.00
Category: 510 Personnel Services Total: 124,580.1359,157.56629,900.00 629,900.00 505,319.87 80.22%
Category: 520 Supplies
OFFICE SUPPLIES 5,000.00 1,157.38 3,842.62 76.85 %526.08111561152010 5,000.00
POSTAGE & FREIGHT 300.00 0.00 300.00 100.00 %0.00111561152040 300.00
FOOD SUPPLIES 3,000.00 466.79 2,533.21 84.44 %108.65111561152810 3,000.00
Category: 520 Supplies Total: 1,624.17634.738,300.00 8,300.00 6,675.83 80.43%
Category: 540 Materials for Maintenance
FURNITURE & FIXTURES 2,500.00 193.05 2,693.05 107.72 %0.00111561154610 2,500.00
COMPUTER HARD/SOFTWARE 7,650.00 2,299.98 5,350.02 69.93 %2,299.98111561154810 7,650.00
Category: 540 Materials for Maintenance Total:2,106.932,299.9810,150.00 10,150.00 8,043.07 79.24%
Category: 560 Contractual Services
INCENTIVES 1,929,250.00 0.00 1,929,250.00 100.00 %0.00111561156030 1,929,250.00
SPECIAL SERVICES 37,270.00 630.00 36,640.00 98.31 %315.00111561156040 37,270.00
SPECIAL SERVICESREAL ESTATE 234,500.00 11,730.32 222,769.68 95.00 %7,180.89111561156041 234,500.00
SPECIAL SERVICESINFRASTRUCTUR 10,324,000.00 6,101.36 10,317,898.64 99.94 %0.00111561156042 10,324,000.00
ADVERTISING 226,125.00 38,621.62 187,503.38 82.92 %6,140.00111561156080 226,125.00
COMMUNITY DEVELOPMENT 64,950.00 16,706.65 48,243.35 74.28 %5,488.74111561156090 64,950.00
COMMUNICATIONS 7,900.00 984.56 6,915.44 87.54 %492.28111561156110 7,900.00
RENTAL 27,000.00 6,750.00 20,250.00 75.00 %2,250.00111561156180 27,000.00
TRAVEL & TRAINING 73,000.00 17,301.13 55,698.87 76.30 %4,839.10111561156210 73,000.00
DUES & SUBSCRIPTIONS 60,733.00 27,818.90 32,914.10 54.19 %3,098.81111561156250 60,733.00
INSURANCE 6,800.00 5,350.11 1,449.89 21.32 %0.00111561156310 6,800.00
AUDIT & LEGAL SERVICES 23,000.00 7,470.87 15,529.13 67.52 %3,000.00111561156510 23,000.00
ENGINEERING/ARCHITECTURAL 530,175.00 84,473.11 445,701.89 84.07 %30,830.61111561156570 530,175.00
15
01/23/2024 Item D.
Budget Report For Fiscal: 20232024 Period Ending: 12/31/2023
1/5/2024 12:25:28 PM Page 2 of 4
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Percent
Remaining
Current
Total Budget
Period
AcƟvity
Original
Total Budget
UTILITIESELECTRIC 2,400.00 256.03 2,143.97 89.33 %0.00111561156610 2,400.00
Category: 560 Contractual Services Total: 224,194.6663,635.4313,547,103.00 13,547,103.00 13,322,908.34 98.35%
Category: 570 Debt Service & Capital Replacement
PRINCIPAL PAYMENT 600,096.00 147,722.79 452,373.21 75.38 %49,409.40111561157410 600,096.00
INTEREST EXPENSE 631,902.00 160,276.62 471,625.38 74.64 %53,257.07111561157415 631,902.00
Category: 570 Debt Service & Capital Replacement Total: 307,999.41102,666.471,231,998.00 1,231,998.00 923,998.59 75.00%
Category: 580 Capital Outlay
LANDPURCHASE PRICE 1,000,000.00 7,079.00 992,921.00 99.29 %0.00111561158110 1,000,000.00
CONTRA CAPITAL OUTLAY 0.00 7,079.00 7,079.00 0.00 %0.00111561158995 0.00
Category: 580 Capital Outlay Total: 0.000.001,000,000.00 1,000,000.00 1,000,000.00 100.00%
Expense Total: 660,505.30228,394.1716,427,451.00 16,427,451.00 15,766,945.70 95.98%
Fund: 111 WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):373,400.28122,338.039,074,320.00 9,074,320.00 8,700,919.72 95.89%
Report Surplus (Deficit): 122,338.03 373,400.289,074,320.00 9,074,320.00 8,700,919.72 95.89%
16
01/23/2024 Item D.
Budget Report For Fiscal: 20232024 Period Ending: 12/31/2023
1/5/2024 12:25:28 PM Page 3 of 4
Group Summary
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)
Period
AcƟvityCategory
Current
Total Budget
Original
Total Budget
Percent
Remaining
Fund: 111 WYLIE ECONOMIC DEVEL CORP
Revenue
400 Taxes 374,686.38374,686.384,536,561.00 4,536,561.00 4,161,874.62 91.74%
460 Interest Income 129,464.1746,282.99112,000.00 112,000.00 17,464.17 15.59%
480 Miscellaneous Income 217,045.5370,237.172,704,570.00 2,704,570.00 2,921,615.53 108.03%
287,105.02350,732.207,353,131.00 7,353,131.00 7,066,025.98Revenue Total:96.10%
Expense
510 Personnel Services 124,580.1359,157.56629,900.00 629,900.00 505,319.87 80.22%
520 Supplies 1,624.17634.738,300.00 8,300.00 6,675.83 80.43%
540 Materials for Maintenance 2,106.932,299.9810,150.00 10,150.00 8,043.07 79.24%
560 Contractual Services 224,194.6663,635.4313,547,103.00 13,547,103.00 13,322,908.34 98.35%
570 Debt Service & Capital Replacement 307,999.41102,666.471,231,998.00 1,231,998.00 923,998.59 75.00%
580 Capital Outlay 0.000.001,000,000.00 1,000,000.00 1,000,000.00 100.00%
660,505.30228,394.1716,427,451.00 16,427,451.00 15,766,945.70Expense Total:95.98%
373,400.28122,338.039,074,320.00 9,074,320.00 8,700,919.72Fund: 111 WYLIE ECONOMIC DEVEL CORP Surplus (Deficit):95.89%
Report Surplus (Deficit): 122,338.03 373,400.289,074,320.00 9,074,320.00 8,700,919.72 95.89%
17
01/23/2024 Item D.
Budget Report For Fiscal: 20232024 Period Ending: 12/31/2023
1/5/2024 12:25:28 PM Page 4 of 4
Fund Summary
Fiscal
AcƟvity
Variance
Favorable
(Unfavorable)Fund
Period
AcƟvity
Current
Total Budget
Original
Total Budget
111 WYLIE ECONOMIC DEVEL CO 373,400.28122,338.039,074,320.00 9,074,320.00 8,700,919.72
Report Surplus (Deficit): 122,338.03 373,400.289,074,320.00 9,074,320.00 8,700,919.72
18
01/23/2024 Item D.
Wylie Economic Development Corporation
Statement of Net Position
As of December 31, 2023
Assets
Cash and cash equivalents 13,630,103.04$
Receivables 770,000.00$ Note 1
Inventories 14,645,353.88$
Prepaid Items -$
Total Assets 29,045,456.92$
Deferred Outflows of Resources
Pensions 67,748.55$
Total deferred outflows of resources 67,748.55$
Liabilities
Accounts Payable and other current liabilities 11,634.76$
Unearned Revenue 4,141.40$ Note 2
Non current liabilities:
Due within one year 513,488.21$ Note 3
Due in more than one year 15,034,169.48$
Total Liabilities 15,563,433.85$
Deferred Inflows of Resources
Pensions (84,717.41)$
Total deferred inflows of resources (84,717.41)$
Net Position
Net investment in capital assets -$
Unrestricted 13,465,054.21$
Total Net Position 13,465,054.21$
Note 1: Includes incentives in the form of forgivable loans for $20,000 (LUV-ROS),
$100,000 (Glen Echo), $450,000 (Phoenix Ascending), and $200,000 (MLKJ)
Note 2: Deposits from rental property
Note 3: Liabilities due within one year includes compensated absences of $32,301
19
01/23/2024 Item D.
1/5/2024 12:25:57 PM Page 1 of 3
Balance Sheet
Account Summary
As Of 12/31/2023
Account Name Balance
Fund: 111 WYLIE ECONOMIC DEVEL CORP
Assets
111100010110 CLAIM ON CASH AND CASH EQUIV. 13,628,103.04
111100010115 CASH WEDC INWOOD 0.00
111100010135 ESCROW 0.00
111100010180 DEPOSITS 2,000.00
111100010198 OTHER MISC CLEARING 0.00
111100010341 TEXPOOL 0.00
111100010343 LOGIC 0.00
111100010481 INTEREST RECEIVABLE 0.00
111100011511 ACCTS REC MISC 0.00
111100011517 ACCTS REC SALES TAX 0.00
111100012810 LEASE PAYMENTS RECEIVABLE 0.00
111100012950 LOAN PROCEEDS RECEIVABLE 0.00
111100012996 LOAN RECEIVABLE 0.00
111100012997 ACCTS REC JTM TECH 0.00
111100012998 ACCTS REC FORGIVEABLE LOANS 770,000.00
111100014112 INVENTORY MATERIAL/ SUPPLY 0.00
111100014116 INVENTORY LAND & BUILDINGS 14,645,353.88
111100014118 INVENTORY BAYCO/ SANDEN BLVD 0.00
111100014310 PREPAID EXPENSES MISC 0.00
111100014410 DEFERRED OUTFLOWS 2,168,500.00
31,213,956.92Total Assets:31,213,956.92
Liability
111200020110 FEDERAL INCOME TAX PAYABLE 0.00
111200020111 MEDICARE PAYABLE 0.00
111200020112 CHILD SUPPORT PAYABLE 0.00
111200020113 CREDIT UNION PAYABLE 0.00
111200020114 IRS LEVY PAYABLE 0.00
111200020115 NATIONWIDE DEFERRED COMP 0.00
111200020116 HEALTH INSUR PAYEMPLOYEE 5,951.58
111200020117 TMRS PAYABLE 3,061.41
111200020118 ROTH IRA PAYABLE 0.00
111200020119 WORKERS COMP PAYABLE 0.00
111200020120 FICA PAYABLE 0.00
111200020121 TEC PAYABLE 0.00
111200020122 STUDENT LOAN LEVY PAYABLE 0.00
111200020123 ALIMONY PAYABLE 0.00
111200020124 BANKRUPTCY PAYABLE 0.00
111200020125 VALIC DEFERRED COMP 0.00
111200020126 ICMA PAYABLE 0.00
111200020127 EMP. LEGAL SERVICES PAYABLE 0.00
111200020130 FLEXIBLE SPENDING ACCOUNT 2,512.44
111200020131 EDWARD JONES DEFERRED COMP 0.00
111200020132 EMP CARE FLITE 12.00
111200020133 Unemployment Comp Payable 5.01
111200020151 ACCRUED WAGES PAYABLE 0.00
111200020180 ADDIT EMPLOYEE INSUR PAY 92.32
111200020199 MISC PAYROLL PAYABLE 0.00
111200020201 AP PENDING 0.00
111200020210 ACCOUNTS PAYABLE 0.00
111200020530 PROPERTY TAXES PAYABLE 0.00
111200020540 NOTES PAYABLE 2,168,500.00
111200020810 DUE TO GENERAL FUND 0.00
20
01/23/2024 Item D.
Balance Sheet As Of 12/31/2023
1/5/2024 12:25:57 PM Page 2 of 3
Account Name Balance
111200022270 DEFERRED INFLOW 0.00
111200022275 DEF INFLOW LEASE PRINCIPAL 0.00
111200022280 DEFERRED INFLOW LEASE INT 0.00
111200022915 RENTAL DEPOSITS 4,141.40
2,184,276.16Total Liability:
Equity
111300034110 FUND BALANCE RESERVED 0.00
111300034590 FUND BALANCEUNRESERV/UNDESIG 29,403,081.04
29,403,081.04Total Beginning Equity:
287,105.02Total Revenue
660,505.30Total Expense
373,400.28Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):31,213,956.92
29,029,680.76Total Equity and Current Surplus (Deficit):
21
01/23/2024 Item D.
Balance Sheet As Of 12/31/2023
1/5/2024 12:25:57 PM Page 3 of 3
Account Name Balance
Fund: 922 GEN LONG TERM DEBT (WEDC)
Assets
922100010312 GOVERNMENT NOTES 0.00
922100018110 LOAN WEDC 0.00
922100018120 LOAN BIRMINGHAM 0.00
922100018210 AMOUNT TO BE PROVIDED 0.00
922100018220 BIRMINGHAM LOAN 0.00
922100019050 DEF OUTFLOW TMRS CONTRIBUTIONS 42,227.29
922100019051 DEF OUTFLOW SDBF CONTRIBUTIONS 3,028.00
922100019075 DEF OUTFLOW INVESTMENT EXP 75,907.52
922100019100 DEF OUTFLOW ACT EXP/ASSUMP 98,400.78
922100019125 (GAIN)/LOSS ON ASSUMPTION CHGS 83,874.41
922100019126 DEF INFLOW SDBF CONTRIBUTIONS 843.00
16,968.86Total Assets:16,968.86
Liability
922200020310 COMPENSATED ABSENCES PAYABLE 15,502.89
922200020311 COMP ABSENCES PAYABLECURRENT 32,300.82
922200021410 ACCRUED INTEREST PAYABLE 28,814.49
922200028205 WEDC LOANS/CURRENT 452,372.90
922200028220 BIRMINGHAM LOAN 0.00
922200028230 INWOOD LOAN 0.00
922200028232 ANB LOAN/EDGE 0.00
922200028233 ANB LOAN/PEDDICORD WHITE 0.00
922200028234 ANB LOAN/RANDACK HUGHES 0.00
922200028235 ANB LOAN 0.00
922200028236 ANB CONSTRUCTION LOAN 0.00
922200028237 ANB LOAN/ WOODBRIDGE PARKWAY 0.00
922200028238 ANB LOAN/BUCHANAN 0.00
922200028239 ANB LOAN/JONES:HOBART PAYOFF 0.00
922200028240 HUGHES LOAN 0.00
922200028242 ANB LOAN/HWY 78:5TH ST REDEV 0.00
922200028245 ANB LOAN/DALLAS WHIRLPOOL 0.00
922200028246 GOVCAP LOAN/KIRBY 7,246,324.61
922200028247 JARRARD LOAN 79,695.52
922200028248 GOVCAP LOAN/SERIES 2022 7,556,077.29
922200028250 CITY OF WYLIE LOAN 0.00
922200028260 PRIME KUTS LOAN 0.00
922200028270 BOWLAND/ANDERSON LOAN 0.00
922200028280 CAPITAL ONE CAZAD LOAN 0.00
922200028290 HOBART/COMMERCE LOAN 0.00
922200029150 NET PENSION LIABILITY 124,687.17
922200029151 SDBF LIABILITY 11,882.00
15,547,657.69Total Liability:
Equity
922300034590 FUND BALANCEUNRESERV/UNDESIG 15,592,085.34
922300035900 UNRESTRICTED NET POSITION 120,264.00
15,712,349.34Total Beginning Equity:
0.00Total Revenue
147,722.79Total Expense
147,722.79Revenues Over/Under Expenses
Total Liabilities, Equity and Current Surplus (Deficit):16,968.86
15,564,626.55Total Equity and Current Surplus (Deficit):
22
01/23/2024 Item D.
MONTH FY 2021 FY 2022 FY 2023 FY 2024
DECEMBER 235,381.33$ 263,577.66$ 338,726.54$ 374,686.38$ 35,959.83$ 10.62%
JANUARY 262,263.52$ 326,207.92$ 368,377.73$ -$
FEBRUARY 456,571.35$ 417,896.79$ 480,381.11$ -$
MARCH 257,187.91$ 305,605.50$ 313,686.17$ -$
APRIL 221,881.55$ 265,773.80$ 310,050.94$ -$
MAY 400,371.70$ 401,180.20$ 434,878.33$ -$
JUNE 290,586.92$ 343,371.26$ 330,236.89$ -$
JULY 314,559.10$ 331,432.86$ 379,162.00$ -$
AUGUST 390,790.76$ 429,696.16$ 448,253.70$ -$
SEPTEMBER 307,681.15$ 337,512.61$ 371,880.65$ -$
OCTOBER 326,382.38$ 346,236.36$ 377,466.67$ -$
NOVEMBER 411,813.32$ 392,790.84$ 458,694.91$ -$
Sub-Total 3,875,470.98$ 4,161,281.96$ 4,611,795.64$ 374,686.38$ 35,959.83$ 10.62%
Total 3,875,470.98$ 4,161,281.96$ 4,611,795.64$ 374,686.38$ 35,959.83$ 10.62%
*** Sales Tax collections typically take 2 months to be reflected as Revenue. SlsTx receipts are then accrued back 2 months.
Example: December SlsTx Revenue is actually October SlsTx and is therefore the 1st allocation in FY24.
DIFF
23 vs. 24
% DIFF
23 vs. 24
Wylie Economic Development Corporation
SALES TAX REPORT
December 31, 2023
BUDGETED YEAR
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
WEDC Sales Tax Analysis
2023
2024
23
01/23/2024 Item D.
PERFORMANCE AGREEMENTS FY 2024 FY 2025 FY 2026 FY 2027 FY 2028
LUV-ROS 10,000.00$ -$ -$ -$ -$ -$ -$ 10,000.00$ 10,000.00$ A
AMERICAN ENTITLEMENTS II 35,000.00$ 25,000.00$ 10,000.00$ -$ -$ -$ 10,000.00$ -$ 35,000.00$
NORTH DALLAS WYLIE LAND 120,000.00$ 20,000.00$ -$ -$ -$ -$ -$ 100,000.00$ 120,000.00$
AXL 65,000.00$ 9,250.00$ 9,250.00$ -$ -$ -$ 9,250.00$ 46,500.00$ 65,000.00$
GLEN ECHO BREWING 100,000.00$ 50,000.00$ 30,000.00$ 20,000.00$ -$ -$ 50,000.00$ -$ 100,000.00$ B
MLKJ 80,000.00$ -$ 40,000.00$ 40,000.00$ -$ -$ 80,000.00$ -$ 80,000.00$ C
CLF II LI WYLIE (LOVETT)1,300,000.00$ 650,000.00$ 650,000.00$ -$ -$ -$ 650,000.00$ -$ 1,300,000.00$
DEANAN/DANK 30,000.00$ 15,000.00$ -$ -$ -$ -$ -$ 15,000.00$ 30,000.00$
FIREWATER 300,000.00$ 100,000.00$ -$ -$ -$ -$ -$ 200,000.00$ 300,000.00$
PHOENIX ASCENDING -$ -$ -$ -$ -$ -$ -$ -$ -$ D
SANDEN INTERNATIONAL 500,000.00$ 300,000.00$ 200,000.00$ -$ -$ -$ 200,000.00$ -$ 500,000.00$
2,540,000.00$ 1,169,250.00$ 939,250.00$ 60,000.00$ -$ -$ 999,250.00$ 371,500.00$ 2,540,000.00$
Deferred Out Flow 2,168,500.00$
A. Performance Agreeement ($10,000) and Forgiveable Land Grant ($60,000 forgiven over 3 years). $20,000/year in 2022, 2023, & 2024.
B. Performance Agreeement ($100,000) and Forgiveable Land Grant ($100,000 forgiven over 3 years). $25,000 CO & $25,000/year in 2024, 2025, & 2026.
C. Performance Agreeement ($80,000) and Forgiveable Land Grant ($200,000 forgiven over 3 years). $50,000 CO & $50,000/year in 2025, 2026, & 2027.
D. Forgiveable Land Grant ($450,000 forgiven over 4 years). $112,500 CO & $112,500/year in 2026, 2027, & 2028.
Wylie Economic Development Corporation
PERFORMANCE AGREEMENT REPORT
December 31, 2023
TOTAL
INCENTIVE
REMAINING
AFTER
CURRENT FY
PREVIOUS FY
PAYMENTS
TOTAL
INCENTIVE
24
01/23/2024 Item D.
Wylie City Council
AGENDA REPORT
Department: Finance Account Code: See Exhibit A
Prepared By: Melissa Brown
Subject
Consider, and act upon, Ordinance No. 2024-02 amending Ordinance No. 2023-39, which established the budget for fiscal
year 2023-2024; providing for repealing, savings and severability clauses; and providing for an effective date of this ordinance.
Recommendation
Motion to approve the Item as presented.
Discussion
An average three percent merit salary increase was approved by council as part of the FY 2023 -24 budget. The department
detail is attached in Exhibit A, reallocating the budget dollars from Special Services to the various departments in Funds 100,
112, and 611.
Budget Merit Based Variance B/(W)
General Fund $ 267,709 $ 261,638 $ 6,071
4B Fund $ 48,240 $ 47,527 $ 713
Utility Fund $ 71,749 $ 68,760 $ 2,989
The extra dollars will remain in the Special Services account for each fund.
The overall effect of this amendment is budget neutral for all funds.
25
01/23/2024 Item E.
Ordinance No. 2024-02 – Budget Amendment Merit Increase Page 1 of 2
ORDINANCE NO. 2024-02
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING ORDINANCE
NO. 2023-39, WHICH ESTABLISHED THE BUDGET FOR FISCAL YEAR 2023-
2024; REPEALING ALL CONFLICTING ORDINANCES; PROVIDING FOR A
SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Council heretofore adopted Ordinance No. 2023-39 setting forth the Budget
for Fiscal Year 2023-2024 beginning October 1, 2023, and ending September 30, 2024; and,
WHEREAS, the City Departments and Divisions routinely review their budget appropriations to
determine if any changes are necessary; and
WHEREAS, based upon said review the City staff now recommends that certain amendments to
the Budget be considered by the City Council; see Exhibit A; and,
WHEREAS, the City Council has the authority to make amendments to the City Budget under
Article VII, Section 4 of the City Charter, as well as State law; and,
WHEREAS, the City Council has determined that the proposed amendments to the FY 2023-2024
Budget; see Exhibit A, with the revenues and expenditures therein contained, is in the best interest of the
City; and therefore, desires to adopt the same by formal action.
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY
OF WYLIE, TEXAS:
SECTION I: The proposed amendments to the FY 2023-2024 Budget of the City of Wylie;
Exhibit A, as heretofore adopted by Ordinance No. 2024-02, are completely adopted and approved as
amendments to the said FY 2023-2024 Budget.
SECTION II: All portions of the existing FY 2023-2024 Budget and Ordinance No. 2023-39,
except as specifically herein amended, shall remain in full force and effect, and not be otherwise affected
by the adoption of the amendatory ordinance.
SECTION III: Should any paragraph, sentence, sub-division, clause, phrase or section of this
ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity
of this ordinance as a whole or any part or provision thereof, other than the part or parts as declared to be
invalid, illegal, or unconstitutional.
SECTION IV: This ordinance shall be in full force and effect from and after its adoption by the
City Council and publication of its caption as the law and the City Charter provide in such cases.
SECTION V: That all other ordinances and code provisions in conflict herewith are hereby
repealed to the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code
not in conflict herewith shall remain in full force and effect.
SECTION VI: The repeal of any ordinance, or parts thereof, by the enactment of the Ordinance,
shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor
shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue,
26
01/23/2024 Item E.
Ordinance No. 2024-02 – Budget Amendment Merit Increase Page 2 of 2
nor as affecting any rights of the municipality under any section or provision of any ordinances at the time
of passage of this ordinance.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 23rd
day of January, 2024.
__________________________
Matthew Porter, Mayor
ATTEST:
______________________________
Stephanie Storm, City Secretary
27
01/23/2024 Item E.
Budget Amendment Exhibit A
Redistribution of Funds Set Aside for 3% Average Merit Increase
Fund Department Account Number Account Description Debit Credit
100 5112 51110 Salaries (19,863.62)
51112 Salaries - Part Time 537.14
51310 TMRS (3,078.86)
51440 FICA (1,264.85)
51450 Medicare (295.81)
(25,040.28)
100 5113 51110 Salaries (5,633.18)
51310 TMRS (873.14)
51440 FICA (349.26)
51450 Medicare (81.68)
(6,937.26)
100 5131 51110 Salaries (17,798.52)
51310 TMRS (2,758.77)
51440 FICA (1,103.51)
51450 Medicare (258.08)
(21,918.88)
100 5132 51110 Salaries (5,972.80)
51310 TMRS (925.78)
51440 FICA (370.31)
51450 Medicare (86.61)
(7,355.50)
100 5152 51110 Salaries (6,348.62)
51310 TMRS (984.04)
51440 FICA (393.61)
51450 Medicare (92.05)
(7,818.32)
100 5153 51110 Salaries (12,859.67)
51310 TMRS (1,993.25)
51440 FICA (797.30)
51450 Medicare (186.47)
(15,836.69)
100 5154 51110 Salaries (3,224.57)
51310 TMRS (499.81)
51440 FICA (199.92)
51450 Medicare (46.76)
(3,971.06)
100 5155 51110 Salaries (11,112.02)
51310 TMRS (1,722.36)
51440 FICA (688.95)
51450 Medicare (161.12)
(13,684.45)
28
01/23/2024 Item E.
Budget Amendment Exhibit A
Redistribution of Funds Set Aside for 3% Average Merit Increase
Fund Department Account Number Account Description Debit Credit
100 5211 51110 Salaries (19,331.88)
51112 Salaries - Part Time (6,848.85)
51310 TMRS (2,996.44)
51440 FICA (1,623.21)
51450 Medicare (379.62)
(31,180.00)
100 5231 51110 Salaries (20,463.24)
51310 TMRS (3,171.80)
51440 FICA (1,268.72)
51450 Medicare (296.72)
(25,200.48)
100 5241 51110 Salaries (2,593.34)
51310 TMRS (401.97)
51440 FICA (160.79)
51450 Medicare (37.60)
(3,193.70)
100 5251 51110 Salaries (7,589.74)
51112 Salaries - Part Time (129.56)
51310 TMRS (1,176.41)
51440 FICA (478.60)
51450 Medicare (111.93)
(9,486.24)
100 5311 51110 Salaries (4,944.35)
51310 TMRS (766.37)
51440 FICA (306.55)
51450 Medicare (71.69)
(6,088.96)
100 5312 51110 Salaries (7,775.95)
51310 TMRS (1,205.27)
51440 FICA (482.11)
51450 Medicare (112.75)
(9,576.08)
100 5313 51110 Salaries 3,559.30
51310 TMRS (551.69)
51440 FICA (220.68)
51450 Medicare (51.61)
(4,383.28)
100 5411 51110 Salaries (15,862.24)
51310 TMRS (2,458.65)
51440 FICA (983.46)
51450 Medicare (230.00)
(19,534.35)
29
01/23/2024 Item E.
Budget Amendment Exhibit A
Redistribution of Funds Set Aside for 3% Average Merit Increase
Fund Department Account Number Account Description Debit Credit
100 5511 51110 Salaries (15,546.94)
51310 TMRS (2,409.78)
51440 FICA (963.91)
51450 Medicare (225.43)
(19,146.06)
100 5551 51110 Salaries (21,725.71)
51112 Salaries - Part Time (4,208.81)
51310 TMRS (3,367.48)
51440 FICA (1,607.94)
51450 Medicare (376.05)
(31,285.99)
100 5181 56040 Special Services (261,637.58)
112 5612 51110 Salaries (1,726.61)
51112 Salaries - Part Time (1,586.56)
51310 TMRS (267.62)
51440 FICA (205.42)
51450 Medicare (48.04)
(3,834.25)
112 5613 51110 Salaries (4,554.09)
51112 Salaries - Part Time (4,740.66)
51310 TMRS (705.88)
51440 FICA (576.27)
51450 Medicare (134.77)
(10,711.67)
112 5614 51110 Salaries (6,957.44)
51310 TMRS (1,078.40)
51440 FICA (431.36)
51450 Medicare (100.88)
(8,568.08)
112 5625 51110 Salaries (9,543.13)
51112 Salaries - Part Time (11,760.62)
51310 TMRS (1,479.19)
51440 FICA (1,320.83)
51450 Medicare (308.90)
(24,412.67)
112 5000 56040 Special Services (47,526.67)
30
01/23/2024 Item E.
Budget Amendment Exhibit A
Redistribution of Funds Set Aside for 3% Average Merit Increase
Fund Department Account Number Account Description Debit Credit
611 5711 51110 Salaries (4,705.54)
51310 TMRS (729.36)
51440 FICA (291.74)
51450 Medicare (68.23)
(5,794.87)
611 5712 51110 Salaries (16,178.48)
51310 TMRS (2,507.66)
51440 FICA (1,003.07)
51450 Medicare (234.59)
(19,923.80)
611 5713 51110 Salaries (12,852.46)
51310 TMRS (1,992.13)
51440 FICA (796.85)
51450 Medicare (186.36)
(15,827.80)
611 5714 51110 Salaries (8,152.09)
51310 TMRS (1,263.57)
51440 FICA (505.43)
51450 Medicare (118.21)
(10,039.30)
611 5715 51110 Salaries (13,945.47)
51310 TMRS (2,161.55)
51440 FICA (864.62)
51450 Medicare (202.21)
(17,173.85)
611 5719 56040 Special Services (68,759.62)
BUDGET Merit Increase Variance B/(W)
TOTAL GENERAL FUND (267,709) (261,638) (6,071)
TOTAL 4B FUND (48,240) (47,527) (713)
TOTAL UTILITY FUND (71,749) (68,760) (2,989)
31
01/23/2024 Item E.
Wylie City Council
AGENDA REPORT
Department: Finance Account Code: See Exhibit A
Prepared By: Melissa Brown
Subject
Consider, and act upon, Ordinance No. 2024-03 amending Ordinance No. 2023-39, which established the budget for fiscal
year 2023-2024; providing for repealing, savings and severability clauses; and providing for an effective date of this ordinance.
Recommendation
Motion to approve the Item as presented.
Discussion
This amendment consists of two items:
1) The Firehouse Subs Public Safety Foundation Board of Directors awarded Wylie Fire Rescue a grant for FLIR Fixed Mount
Thermal Imaging Camera (including freight up to $200). The grant is valued at up to $19,196.80. This budget amendment
will recognize the grant money received and add the funds into account 100-5231-58850-Major Tools and Equipment for the
purchase of the camera.
2) TML insurance recoveries in the amount of $5,302.42 were received for damages to a police department vehicle. The funds
are added to account 100-5181-54510-Motor Vehicles to allow for the repair.
The overall effect of this amendment is budget neutral for the General Fund.
32
01/23/2024 Item F.
Ordinance No. 2024-03 – Budget Amendment Firehouse Subs Grant and Vehicle Repair Page 1 of 2
ORDINANCE NO. 2024-03
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING ORDINANCE
NO. 2023-39, WHICH ESTABLISHED THE BUDGET FOR FISCAL YEAR 2023-
2024; REPEALING ALL CONFLICTING ORDINANCES; PROVIDING FOR A
SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Council heretofore adopted Ordinance No. 2023-39 setting forth the Budget
for Fiscal Year 2023-2024 beginning October 1, 2023, and ending September 30, 2024; and,
WHEREAS, the City Departments and Divisions routinely review their budget appropriations to
determine if any changes are necessary; and
WHEREAS, based upon said review the City staff now recommends that certain amendments to
the Budget be considered by the City Council; see Exhibit A; and,
WHEREAS, the City Council has the authority to make amendments to the City Budget under
Article VII, Section 4 of the City Charter, as well as State law; and,
WHEREAS, the City Council has determined that the proposed amendments to the FY 2023-2024
Budget; see Exhibit A, with the revenues and expenditures therein contained, is in the best interest of the
City; and therefore, desires to adopt the same by formal action.
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY
OF WYLIE, TEXAS:
SECTION I: The proposed amendments to the FY 2023-2024 Budget of the City of Wylie;
Exhibit A, as heretofore adopted by Ordinance No. 2024-03, are completely adopted and approved as
amendments to the said FY 2023-2024 Budget.
SECTION II: All portions of the existing FY 2023-2024 Budget and Ordinance No. 2023-39,
except as specifically herein amended, shall remain in full force and effect, and not be otherwise affected
by the adoption of the amendatory ordinance.
SECTION III: Should any paragraph, sentence, sub-division, clause, phrase or section of this
ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity
of this ordinance as a whole or any part or provision thereof, other than the part or parts as declared to be
invalid, illegal, or unconstitutional.
SECTION IV: This ordinance shall be in full force and effect from and after its adoption by the
City Council and publication of its caption as the law and the City Charter provide in such cases.
SECTION V: That all other ordinances and code provisions in conflict herewith are hereby
repealed to the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code
not in conflict herewith shall remain in full force and effect.
SECTION VI: The repeal of any ordinance, or parts thereof, by the enactment of the Ordinance,
shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor
shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue,
33
01/23/2024 Item F.
Ordinance No. 2024-03 – Budget Amendment Firehouse Subs Grant and Vehicle Repair Page 2 of 2
nor as affecting any rights of the municipality under any section or provision of any ordinances at the time
of passage of this ordinance.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 23rd
day of January, 2024.
_____________________________________
Matthew Porter, Mayor
ATTEST:
______________________________
Stephanie Storm, City Secretary
34
01/23/2024 Item F.
Budget Amendment Exhibit A
General Fund - Fire House Subs Grant and Vehicle Repair
Fund Department Account Number Account Description Debit Credit
100 4000 43512 Fire Grants 19,196.80
100 5231 58850 Major Tools and Equipment 19,196.80
100 4000 49600 Insurance Recoveries 5,302.42
100 5181 54510 Motor Vehicles 5,302.42
General Fund 24,499.22 24,499.22
35
01/23/2024 Item F.
Wylie City Council
AGENDA REPORT
Department: Planning Account Code:
Prepared By: Jasen Haskins
Subject
Consider, and act upon, Ordinance No. 2024-04 for a change in zoning from Multi-Family (MF) to Commercial Corridor -
Special Use Permit (CC-SUP) on 0.198 acres to allow for an office use within a residential structure. Property located at 100
S. 3rd Street (ZC 2023-14).
Recommendation
Motion to approve the Item as presented.
Discussion
On January 9, 2023 City Council approved the writing of an ordinance for a change in zoning from Multi-Family (MF) to
Commercial Corridor - Special Use Permit (CC-SUP) on 0.198 acres to allow for an office use within a residential structure.
Property located at 100 S. 3rd Street (ZC 2023-14).
The approval of the writing of the Ordinance included the requirement for a 6-8’ board-on-board wooden fence to be
constructed along the south side of the property. That requirement has been added to the SUP Conditions (III.4) and the
Zoning Exhibit.
Final approval of Zoning Case 2023-14 requires the adoption of the Ordinance to amend the zoning accordingly in the Official
Zoning map of the City; and providing a penalty clause, a repeal clause, a savings clause, a severability clause, and an effective
date.
The subject ordinance allows for the rezoning. Exhibit A (Legal Description), Exhibit B (Zoning Exhibit), and Exhibit C
(SUP Conditions) are included and made a part of this Ordinance.
The above described property shall be used only in the manner and for the purposes provided for in the Comprehensive
Zoning Ordinance of the City, as amended herein by the granting of this zoning classification.
36
01/23/2024 Item G.
Ordinance No. 2024-04 – Change of Zoning for 100 S. Third Street (ZC 2023-14) Page 1 of 2
ORDINANCE NO. 2024-04
AN ORDINANCE OF THE CITY OF WYLIE, TEXAS, AMENDING THE
COMPREHENSIVE ZONING ORDINANCE OF THE CITY OF WYLIE, AS
HERETOFORE AMENDED, SO AS TO CHANGE THE ZONING ON THE
HEREINAFTER DESCRIBED PROPERTY, ZONING CASE NUMBER 2023-14,
MULTI-FAMILY (MF) TO COMMERCIAL CORRIDOR - SPECIAL USE
PERMIT (CC-SUP) ON 0.198 ACRES TO ALLOW FOR AN OFFICE USE
WITHIN A RESIDENTIAL STRUCTURE; PROVIDING FOR A PENALTY FOR
THE VIOLATION OF THIS ORDINANCE; PROVIDING FOR THE REPEAL OF
ALL ORDINANCES IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Planning and Zoning Commission and the governing body of the City of Wylie,
Texas, in compliance with the laws of the State of Texas with reference to the amendment of the
Comprehensive Zoning Ordinance, have given the requisite notices by publication and otherwise, and after
holding due hearings and affording a full and fair hearing to all property owners generally and to owners
of the affected property, the governing body of the City is of the opinion and finds that the Comprehensive
Zoning Ordinance and Map should be amended;
NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS:
SECTION 1: That the Comprehensive Zoning Ordinance of the City of Wylie, Texas, be, and the
same is hereby, amended by amending the Zoning Map of the City of Wylie, to give the hereinafter
described property a new zoning classification of Commercial Corridor - Special Use Permit (CC-SUP),
said property being described in Exhibit A (Legal Description), hereto and made a part hereof for all
purposes.
SECTION 2: That a Zoning Exhibit and SUP Conditions are an integral component of the
development of the property and are attached as Exhibit B and Exhibit C.
SECTION 3: That all ordinances of the City in conflict with the provisions of this ordinance be,
and the same are hereby, repealed and all other ordinances of the City not in conflict with the provisions of
this ordinance shall remain in full force and effect.
SECTION 4: That the above described property shall be used only in the manner and for the
purposes provided for in the Comprehensive Zoning Ordinance of the City, as amended herein by the
granting of this zoning classification.
SECTION 5: Any person, firm or corporation violating any of the provisions of this ordinance or
the Comprehensive Zoning Ordinance, as amended hereby, commits an unlawful act and shall be subject
to the general penalty provisions of Section 1.5 of the Zoning Ordinance, as the same now exists or is
hereafter amended.
SECTION 6: Should any paragraph, sentence, subdivision, clause, phrase or section of this
ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity
of this ordinance as a whole or any part or provision thereof, other than the part so declared to be invalid,
illegal or unconstitutional, and shall not affect the validity of the Comprehensive Zoning Ordinance as a
whole.
37
01/23/2024 Item G.
Ordinance No. 2024-04 – Change of Zoning for 100 S. Third Street (ZC 2023-14) Page 2 of 2
SECTION 7: This ordinance shall be in full force and effect from and after its adoption by the City
Council and publication of its caption as the law and the City Charter provide in such cases.
SECTION 8: The repeal of any ordinance, or parts thereof, by the enactment of this Ordinance,
shall not be construed as abandoning any action now pending under or by virtue of such ordinance; nor
shall it have the effect of discontinuing, abating, modifying or altering any penalty accruing or to accrue,
nor as effecting any rights of the municipality under any section or provisions of any ordinances at the time
of passage of this ordinance.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 23rd
day of January, 2024.
________________________________
Matthew Porter, Mayor
ATTEST:
__________________________
Stephanie Storm, City Secretary
Date of Publication: January, 31, 2024, in the Wylie News
38
01/23/2024 Item G.
Exhibit A
Legal Description
Property being 0.198 acres, all of Lot 1, Block 21 of the Railroad Addition of the City of Wylie,
located at 100 South 3rd Street, Wylie, Texas.
39
01/23/2024 Item G.
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40
01/23/2024 Item G.
ROOF HEIGHT = 24' - 0"ROOF HEIGHT = 24' - 0"
EXISTING SIDING = PAINTED
WOOD PLANKS OVER WOOD
SHEATHING
NEW SIDING = PAINTED
HARDIE BOARD DESIGNED
AND CONSTRUCTED TO
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EXISTING SIDING = PAINTED
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1/4" = 1'-0"4 WEST ELEVATION
41
01/23/2024 Item G.
Page 1 of 2
100 S 3rd
EXHIBIT “C”
Conditions For Special Use Permit
I. PURPOSE:
The purpose of this Special Use Permit is to allow for the preservation of an existing
historic residential structure by allowing the structure to be converted into a commercial
office use for a home healthcare agency with the ability for the structure be used
simultaneously as a residence.
II. GENERAL CONDITIONS:
1. This Special Use Permit shall not affect any regulations of the Commercial
Corridor (CC) set forth in Article 4, Section 4.1 of the Comprehensive Zoning
Ordinance (adopted as of June 2023), except as specifically provided herein.
2. The design and development of the 100 S 3rd development shall be in accordance
with Section 3 below and the Zoning Exhibit (Exhibit B).
III. SPECIAL CONDITIONS:
1. Design criteria of the Commercial Corridor (CC) Architectural Design
Requirements of the Zoning Ordinance (adopted as of June 2023) shall be
modified to allow for the residential structure’s material and design comprised of
wood paneling and Hardie Board to be in compliance with the architectural design
standards of the Zoning Ordinance.
2. The following uses as defined in the June 2023 Comprehensive Zoning Ordinance
shall be allowed:
a. General Office
b. Single Family Dwelling (Detached)
3. Design criteria of the Commercial Corridor Development Standards of the Zoning
Ordinance (adopted as of June 2023) shall be modified to allow for a front setback
of 13’8” in lieu of the typical 25’ setback.
42
01/23/2024 Item G.
Page 2 of 2
4. A 6-8' high board-on-board wooden fence shall be constructed on the south side
of the property and maintained throughout the time this SUP is in effect.
5. The Special Use Permit shall be rescinded if the structure is damaged or destroyed
with an expense of restoration exceeding 75% of the repair/replacement cost of
the structure. The structure shall then comply with the Commercial Corridor
zoning design regulations.
6. This Special Use Permit shall automatically terminate and be rescinded without
further action by the City or City Council, and the property reverted to the
underlying Commercial Corridor zoning if the property and or business is not
majority owned, managed, or operated by Musa Dirisu.
7. The Zoning Exhibit (Exhibit B) shall serve as the Site Plan for the development.
Approval of the SUP shall act as site plan approval.
43
01/23/2024 Item G.
Wylie City Council
AGENDA REPORT
Department: Engineering Account Code: 413, 414, NTMWD
Prepared By: Tim Porter
Subject
Consider, and act upon, Resolution No. 2024-02(R) authorizing the City Manager of the City of Wylie to execute the Grade
Crossing Construction Agreement between The Kansas City Southern Railway Company and the City of Wylie, Texas
concerning the construction of the railway crossing of Eubanks Lane, north of Centennial Drive.
Recommendation
Motion to approve the Item as presented.
Discussion
The Eubanks Lane Widening Project improves Eubanks Lane for approximately 1,200 linear feet, from State Highway 78 to
the North Texas Municipal Water District (NTMWD) driveway. Currently, Eubanks Lane is a two -lane asphalt road, and it
will be expanded to a four-lane concrete road, with a median along the corridor adjacent to and across railroad right-of-way.
On May 9, 2023, the City awarded the roadway construction bid to McMahon Contracting LLP.
The subject Grade Crossing Construction Agreement outlines responsibilities for scope and costs for the City of Wylie and
Kansas City Southern (KCS) railroad to construct the new track crossing. Within the agreement, KCS estimates the
improvements will cost $1,222,722.00 to procure and install the grade crossing surface and grade crossing warning devices,
including estimated transportation, shipping, and handling costs. The City will also be responsible for agreed cost overages.
In 2016, the NTMWD partnered with the City through an Interlocal Agreement (ILA) to fund 80% of the construction costs
for the roadway improvements. The remaining 20% of the construction cost would be funded through the City's East and West
Thoroughfare Impact Fees. Due to increased construction costs, the City requested an additional $2.4M fr om the NTMWD in
2023 to finalize funding based on the bid pricing for the construction contract, as well as a separate contract for geotechni cal
testing and the subject railroad grade crossing contract. This additional funding was subsequently approved at the District's
April 27, 2023 Board Meeting.
To continue construction of the Eubanks Lane project, staff recommends approval of the attached Resolution and Agreement.
The costs for the outlined railroad improvements, similar to the construction contract, will be afforded by the use of East and
West Thoroughfare Impact Fees and will be shared with the NTMWD.
44
01/23/2024 Item 1.
Resolution No. 2024-02(R) Agreement with KCS for Eubanks Lane Page 1 of 2
RESOLUTION NO. 2024-02(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS,
HEREBY AUTHORIZING THE CITY MANAGER OF THE CITY OF WYLIE TO
EXECUTE THE GRADE CROSSING CONSTRUCTION AGREEMENT
BETWEEN THE KANSAS CITY SOUTHERN RAILWAY COMPANY AND THE
CITY OF WYLIE, TEXAS CONCERNING THE CONSTRUCTION OF THE
RAILWAY CROSSING OF EUBANKS LANE, NORTH OF CENTENNIAL
DRIVE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS:
SECTION 1: The City Manager of the City of Wylie, Texas, is hereby authorized to execute, on
behalf of the City Council of the City of Wylie, the Grade Crossing Construction Agreement between The
Kansas City Southern Railway Company and the City of Wylie, Texas concerning the construction of the
railway crossing of Eubanks Lane, north of Centennial Drive. See Exhibit “A” - Grade Crossing
Construction Agreement.
SECTION 2: This Resolution shall take effect immediately upon its passage.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, this 23rd
day of January, 2024.
______________________________
Matthew Porter, Mayor
ATTEST TO:
____________________________
Stephanie Storm, City Secretary
45
01/23/2024 Item 1.
Resolution No. 2024-02(R) Agreement with KCS for Eubanks Lane Page 2 of 2
EXHIBIT “A”
Grade Crossing Construction Agreement
46
01/23/2024 Item 1.
Page 1 of 4
GRADE CROSSING CONSTRUCTION AGREEMENT
This AGREEMENT is entered into this ____ day of ______________ 2024, by and
between THE KANSAS CITY SOUTHERN RAILWAY COMPANY ("KCSR") d/b/a
(“CPKC”) (herein sometimes called "KCS"), a Missouri corporation to be addressed at 4601 Hilry
Huckaby III Drive, Shreveport LA 71107, and CITY OF WYLIE, TEXAS (herein sometimes
called "City"), to be addressed at 300 Country Club Rd., Building 100, Wylie, TX 75098 (KCS and
City each being sometimes referred to herein individually as a “Party” and sometimes being referred
to herein together as the “Parties”).
WHEREAS, Eubanks Lane in Wylie, Texas, is being widened from a two-lane thoroughfare
to a four-lane divided thoroughfare; and
WHEREAS, said four-lane divided thoroughfare shall cross tracks utilized by KCS at
approximate railroad Mile Post 200.02 on the Alliance Subdivision, DOT Crossing No. 789654 P
(the "Crossing"); and
WHEREAS, City desires to provide for the reconstruction of the at-grade highway-rail
crossing where the said Eubanks Lane crosses track utilized by KCS; and
WHEREAS, KCS has agreed to perform the work necessary for such reconstruction, but
only as subject to the following terms and conditions of this Agreement.
NOW, THEREFORE, the Parties agree as follows:
1. KCS shall provide the necessary materials and labor to perform the necessary
construction of the grade crossing surface from end of tie to end of tie for the Crossing. KCS’s
estimate of the costs required to perform said work is attached hereto as Exhibit A. The Parties
acknowledge that Exhibit A is only an estimate, and that the City shall be responsible for the
actual cost of the labor, material and other expenses incurred by KCS for the grade crossing
surface construction, determined according to the methodology shown in Exhibit A, whether
such actual cost is more or less than shown on Exhibit A.
2. KCS shall provide the necessary materials and labor to construct the grade crossing
warning devices for the Crossing. KCS’s estimate of the costs required to perform said work is
attached hereto as Exhibit B. The Parties acknowledge that Exhibit B is only an estimate, and
that the City shall be responsible for the actual cost of the labor, material and other expenses
incurred by KCS for the grade crossing warning device construction shown on Exhibit B,
determined according to the methodology shown in Exhibit B, whether such actual cost is more
or less than shown on Exhibit B.
47
01/23/2024 Item 1.
Page 2 of 4
3. Prior to KCS performing any work on this project, City will deposit with KCS ONE
MILLION, TWO HUNDRED TWENTY-TWO THOUSAND, SEVEN HUNDRED AND
TWENTY-TWO DOLLARS ($1,222,722.00) to cover the estimated cost to procure and install
the grade crossing surface and grade crossing warning devices, including estimated
transportation, shipping and handling costs for the same (the “associated costs”). In the event
that KCS determines that the cost to procure and install the grade crossing surface and grade
crossing warning devices, including the associated costs, will exceed $1,222,722.00 by less than
$50,000.00, KCS shall give written notice and supporting documentation to the City for its
approval to proceed prior to incurring such additional cost and expenses. The City shall review
and provide written approval within fourteen (14) days to avoid project delays. In the event that
KCS determines that the cost to procure and install the grade crossing surface and grade crossing
warning devices, including the associated costs, will exceed $1,222,722.00 by $50,000.00 or
more, KCS shall give written notice and supporting documentation to the City for its approval to
proceed prior to incurring such additional cost and expenses. The City shall review and provide
written approval within thirty (30) days to avoid project delays. KCS shall be under no
obligation to provide any materials or perform any labor until the City’s deposit has been
received and cleared KCS’s bank.
4. City shall furnish KCS documentation of federal funds - particularly funds appropriated
under 23 U.S.C. Section 130 - if any, being used to compensate KCS for the project.
5. Upon completion of the installation of the grade crossing surface and grade crossing
warning devices, KCS shall determine the actual cost of the crossing surface and grade crossing
warning devices, including associated costs. If that actual cost and associated costs together
exceed $1,222,722.00, then, so long as KCS has complied with the notice and approval
procedures set forth in Section 3 above, KCS shall invoice the City for the additional amount by
which the actual costs together with associated costs exceed $1,222,722.00. If KCS issues such
an invoice to the City, the City shall pay such invoice within sixty (60) days. If the actual cost of
the project, together with associated costs, is less than $1,222,722.00, KCS shall determine the
actual cost and associated costs of the project and advise the City thereof, and shall within sixty
(60) days thereafter issue a refund to the City of the difference between the actual cost-plus
associated costs and the estimated cost of $1,222,722.00.
6. City, at its sole cost and expense, shall provide all necessary materials and labor to
construct the portions of the roadway surface outside the ends of ties. City will install the road
approaches, drainage, pavement markings and arrange for disposal of the spoil (if any), cause the
roadway to remain closed to all vehicular and truck traffic during construction except at times when
KCS and City together agree that work may safely continue while traffic is allowed to pass, arrange
for all construction and warning signs and barricades, and be responsible for any required
notification of the public. In doing such work, the City shall enhance or, at a minimum, shall not
impair or reduce the existing drainage of water away from the track.
7. City shall furnish KCS with a certified copy of a resolution or ordinance adopted by the
governing body of City of Wylie, Texas authorizing the Mayor or City Manager to execute this
Agreement on behalf of City.
48
01/23/2024 Item 1.
Page 3 of 4
8. City shall be responsible for providing and paying for all traffic and pedestrian control
(including but not limited to barriers and flagmen) required during the project, all in accordance
with the Manual on Uniform Traffic Control Devices and other applicable safety standards,
including KCS’s. Whenever City’s contractor or its personnel or equipment are within twenty-five
feet (25’) of any railroad track at the Crossing, their activities shall be attended by a KCS-approved
railroad flagman, hired and paid by the City. The City’s contractor and its personnel and equipment
shall clear the railroad track when so instructed by the railroad flagman. City and its contractors
performing any work within the railroad right of way shall carry appropriate insurance which is
sufficient, in the City’s reasonable opinion, to fully compensate for any injury to or death of any
person or for any damage to property occurring while City or its contractors are performing any
work within railroad right of way. City shall apply for a Right of Entry (ROE) (including payment
of applicable costs) prior to the City performing any of its work within 25 feet of the nearest rail.
Information and ROE application can be obtained by contacting:
Denise Case
Jones Lang LaSalle Americas, Inc.
(817) 230-2614 – Office
Denise.case@am.jll.com
4200 Buckingham Road | Suite 110
Fort Worth, TX 76155
9. Upon completion of the work, the crossing surface, signal, flasher and gate will
thereafter be maintained by KCS throughout their useful life.
10. The City, with the cooperation of KCS, will be responsible for obtaining any required
governmental authorizations, including approval of the Texas Department of Transportation. All
work will be done in accordance with the Manual on Uniform Traffic Control Devices.
11. The City acknowledges that KCS’s agreement herein and cooperation with the City’s
effort to extend Eubanks Lane is based on the circumstances of this crossing, and is without
prejudice to KCS’s right to object and to oppose other expansion of or creation of other at-grade
crossings.
(Remainder of this Page Intentionally Left Blank;
Signatures on Following Page)
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01/23/2024 Item 1.
Page 4 of 4
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed in
duplicate the day and year first above written.
THE KANSAS CITY SOUTHERN RAILWAY
COMPANY
Name:
Title:
Date:
CITY OF WYLIE, TEXAS
Name:
Title:
Date:
Seen and Agreed.
DALLAS AREA RAPID TRANSIT
By:
Signature
___________________________________________
Printed Name
Title
Date
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01/23/2024 Item 1.
ESTIMATE
Date:03/02/23
Applicant:City of Wylie, Tx
Location:Wylie, Tx Mile Post:200.02 Greenville Subdivision
Dot #:789654P Road Name:Eubanks Lane
Asset #:BP-939050
Estimated Project Cost $493,722
Grading - Subgrade Preparation
(1) Materials
175 Net Tons - Asphalt for Filler
$150.00 per Net Ton $26,250
200 Net Tons - 12" Asphalt Subbase for extension
$150.00 per Net Ton $30,000
500 Net Tons - Ballast Material
$95.00 per Net Ton $47,500
Total Materials Cost $103,750
(2) Contractor Labor and Equipment
84 Hours - 3 Trackhoes with Operators
$125.00 per Hour $31,500
84 Hours - Dump Truck with Operator
$90.00 per Hour $7,560
84 Hours - Dozer with Operator
$90.00 per Hour $7,560
84 Hours - Asphalt Steel Wheel Roller
$75.00 per Hour $6,300
48 Hours - Saw Cut Machine
$75.00 per Hour $3,600
48 Hours - Asphalt Milling Machine
$85.00 per Hour $4,080
48 Hours - Asphalt Laydown Machine
$150.00 per Hour $7,200
324 Man Hours - Miscellaneous Labor
$45.00 per Hour $14,580
84 Man Hours - Flagging ( Rail Pro)
$130.00 per Hour $10,920
84 Man Hours - Contract Recordkeeping & Completion Reports
$50.00 per Hour $4,200
2
$10,000.00 estimated $20,000
400
$13.00 estimated $5,200
700
$33.00 estimated $23,100
1
$7,500.00 estimated $7,500
Total Contractor Cost $153,300
Project Summary:
Install (2) 81.25' concrete crossing, new filter fabric, new ballast, new drainage pipes and extension of existing hardpan for the road
widening project
All items may or may not be used. If not, the final billing will reflect actual quantities.
THIS IS AN ESTIMATE OF COST, THE INDIVIUAL PRICES AND FINAL BILL MAY VARY, BUT THE FINAL BILLING WILL REFLECT ACTUAL
DOCUMENTALBLE PRICES.
Disposal of spoils
Traffic Control Plan, Barricades, and Detouring
Haul 80' Track Panel
Mobilization In & Out
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01/23/2024 Item 1.
Crossing and Trackwork
(1) Materials
162.5 L.F. - Prefabricated Concrete Crossing Panel for 136lb Rail
$185.00 per L.F. $30,063
101 Rubber Bearing Pads for Concrete Crossing Panel
$10.54 Ea. $1,065
4 Ea. - 80' 136# Prefabricated Track Panel 10' Oak Ties on 19 1/2" centers
$14,250.00 Ea. $57,000
4 Ea - Transition Rail 136RE/115 3/16 HL LH 20’ with 1/4" head loss
$2,000.00 ea $8,000
4 Ea - Transition Rail 136RE/115 3/16 HL RH 20’ with 1/4" head loss
$2,000.00 ea $8,000
20 Ea. - Plasma Welds
$955.00 $19,100
30 Ea. - Oak Ties - 10' long
$49.75 Ea. $1,493
60 Ea. - New 136 Tie Plates
$10.50 Ea. $630
300 Ea. - Track Spikes
$0.45 Ea. $135
4800 Sq. Ft. - Filter Fabric
$0.25 per Sq. Ft. $1,200
5 % Freight and Handling of Materials $6,334
6 % State and Use Tax on Materials $7,601
Total Materials Cost $140,621
(2) Labor
80 Project Management
$60.00 per Hour $4,800
252 Man Hours to Remove Existing Crossing
$45.00 per Man Hour $11,340
252 Man Hours to Reconstruct Track
$45.00 per Man Hour $11,340
252 Man Hours to Install New Crossing
$45.00 per Man Hour $11,340
10.55 % Vacation and Holidays $4,096
18.31 % Health and Welfare $7,108
26.73 % Railroad Retirement and Unemployment $11,471
1.95 % Supplemental Pension $837
12.5 % Railroad Public Liability Insurance $4,853
Total Labor Cost $67,184
(3) Equipment
6 Days - 2 Heavy Duty Drills
$25.00 per Day $300
6 Days - 2 Impact Wrenches
$25.00 per Day $300
6 Days - 2 Air Compressors
$65.00 per Day $780
6 Day - Automatic Tamper with Operator
$2,500.00 per Day $15,000
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01/23/2024 Item 1.
6 Day - Ballast Regulator with Operator
$1,040.00 per Day $6,240
84 Hours - Section Truck with Rail Units
$25.33 per Hour $2,128
84 Hours - Roadmaster Truck with Rail Units
$12.61 per Hour $1,059
48 Hours - Welding Truck with Rail Units
$63.75 per Hour $3,060
Total Equipment Cost $28,867
Estimated total project cost $493,722
53
01/23/2024 Item 1.
Project Description & Location…
COLLIN COUNTY
DOT NO. 789654P
CSJ
PROJECT
EUBANKS LANE (CR 389)
States Identification…
DWG NO. SD-08-2-200.02
DOT NO. 789654P
MILE POST 200.02
ASSET # 929081.01.01
MIDWEST DIVISION
GREENVILLE SUBDIVISION
Railroads Identification…Funding Mechanism…
KANSAS CITY SOUTHERN RAILWAY COMPANY
GRADE CROSSING WARNING DEVICES
SIGNAL PROJECT ESTIMATE OF COST
DATE
SIGNAL PROJECT
3-10-2023ESTIMATE IS DEFINED AS: TO PRODUCE A STATEMENT OF APPROXIMATE COST
PROPOSED TO INSTALL FOUR NEW FLASHER SIGNALS WITH GATES AND INSTALL A NEW 6’ x 10’
STEEL BUNGALOW WITH CONSTANT WARNING TIME UNIT AT THE CROSSING OF KCS RAILWAY
TRACKS WITH CR 389 (EUBANKS LANE) IN WYLIE, TX
...THIS PROJECT WILL BE PHASED TO ACCOMMODATE THE ROAD CONSTRUCTION SCHEDULE. IF THE ROAD
CONSTRUCTION FINAL PHASING REQUIRES MORE THAN 4 PHASES OF WORK BY THE RAILROAD, THE COST MAY
INCREASE
MATERIAL TOTAL =
$ 729,000.00
TOTAL ESTIMATED COST
LABOR & ADDITIVES, Equipment, Engineering…
LABOR TOTAL =$ 357,000.00
TO INSTALL FLASHERS & GATES AT
CR 389 (EUBANKS LANE) IN WYLIE, TX
6’ x 10’ STEEL BUNGALOW, with Event Recording Unit, with Constant Warning Device
and Program required to control warning devices as shown, Chargers & Battery necs., etc
FLASHER & GATE SIGNALS, with 12” LED Lights, All Aluminum Gate Arms, LED Gate
Lights, Signs, Bells, with any side lights as per State Specifications.
SIGNAL GROUND MATERIAL, Foundations, Underground Wire & Cable, Guard Rails,
Shunt Boxes at approaches, Track Connectors, Bond Wires, wiring materials, etc.
Containerized Freight Charges, Siemens Corp.
PROJECT MATERIAL, Cover Rock or Fill Material, AC Meter Pole, boring pipe, etc
Directional Boring with 4” PVC Pipe as determined by Railroad, retaining wall, culvert, etc.
Public Road Authority to perform any culvert or drainage work required, cost not included
MATERIAL RELEASED… none
$ 119,000.00
$ 74,000.00
$ 94,000.00
$ 25,000.00
$ 60,000.00
MATERIAL Description & Pricing Info…TOTAL
KCS LABOR with Additives, all Signal Dept. Personnel required for Administration, Supervision
and for Field Installation, testing and cut-over as directed by the Signal Engineer.
EQUIPMENT CHARGES, for Signal Dept Pickup Trucks, Backhoes, Boom Trucks, etc.
KCS PERSONAL EXPENSES, for all Signal Dept Personnel
CONSTRUCTION ENGINEERING, for Layout Plans & Estimate, Quote Plans, Material Lists,
Shop Wiring, Field Construction Plans, & Final As-Built Plans as directed by the RR (JaKay)
ACCOUNTING, Project Cost Tracking System through the life of the project,
Completion Reports and assist Accounting with Final Billing preperation
UTILITY COORDINATION, arrangements for new electrical service, relocation of utilities,
arrange for rock & fill material, project coordination as directed by the RR (JaKay)
TRACK MATERIAL FIELD INSTALLATION CONTRACTOR, to provide equipment & personnel
as required to install all insulated track materials needed
$ 194,480.00
$ 61,490.00
$ 30,030.00
$ 45,000.00
$ 6,000.00
$ 10,000.00
$ 10,000.00
TOTAL
THIS ESTIMATE IS LIMITED TO 180 DAYS FROM DATE OF ISSUANCE, KCS SHALL AUTHORIZE IT’S USE THEREAFTER
$ 372,000.00
44d
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01/23/2024 Item 1.
Wylie City Council
AGENDA REPORT
Department: Finance Account Code:
Prepared By: Melissa Brown
Subject
Consider, and act upon, acceptance of the Annual Comprehensive Financial Report (ACFR) for FY 2022 -23 following a
presentation by the audit firm Weaver, LLP.
Recommendation
Motion to approve the Item as presented.
Discussion
The City Charter in Article VII, Municipal Finance, Section 13: Independent Audit, requires that at the end of the fiscal yea r
an independent audit be made of all accounts of the City by a certified public accountant. In compliance with the City Charter,
our outside auditor, Weaver, LLP has performed an audit as of September 30, 2023.
The goal of the audit is to provide reasonable assurance that the financial statements of the City are free of material
misstatement. This is achieved through testing of accounting controls, internal controls, and compliance. There is also testing
of significant accounting balances using a combination of vouching material transactions, sampling transactions and applying
analytical procedures.
Interim Fieldwork for the audit began the week of August 28 and the final fieldwork was performed November 13 through
December 8.
This is the fourth year for the audit to be performed by Weaver after their selection to continue as the City’s independent
auditors following an RFP process completed in 2020. The 2023 audit is the sixteenth year for Weaver to perform our audit.
Three RFP processes have been completed in that 16 year time period. In accordance with Financial Management Policies,
audit partners have been rotated and audit managers and staff have changed frequently. This year’s audit was completed with
a second year manager and staff.
Staff recommends acceptance of the Annual Comprehensive Financial Report (ACFR) as presented.
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01/23/2024 Item 2.
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01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FISCAL YEAR ENDED
SEPTEMBER 30, 2023
AS PREPARED BY THE
FINANCE DEPARTMENT
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01/23/2024 Item 2.
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01/23/2024 Item 2.
Exhibit Page
I.INTRODUCTORY SECTION
Letter of Transmittal i
GFOA Certificate of Achievement vi
Organizational Chart vii
Principal Officials viii
II.FINANCIAL SECTION
Independent Auditor’s Report 1
A.MANAGEMENT'S DISCUSSION AND ANALYSIS 5
B.BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements
Statement of Net Position A-1 15
Statement of Activities A-2 16
Fund Financial Statements
Governmental Fund Financial Statements
Balance Sheet A-3 18
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position A-4 20
Statement of Revenues, Expenditures, and Changes in Fund Balance A-5 21
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures
and Changes in Fund Balance to the Statement of Activities A-6 22
Proprietary Fund Financial Statements
Statement of Net Position A-7 24
Statement of Revenues, Expenses, and Changes in Fund Net Position A-8 26
Statement of Cash Flows A-9 27
Notes to the Basic Financial Statements 29
C.REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balance-
Budget (GAAP Basis) and Actual- General Fund A-10 64
Notes to Budgetary Comparison Schedule 66
Schedule of Changes in Net Pension Liability and Related Ratios - TMRS A-11 68
Schedule of Pension Contributions - TMRS A-12 70
Schedule of Changes in Total OPEB Liability and Related Ratios - TMRS A-13 72
Schedule of OPEB Contributions - TMRS A-14 73
D.COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES
Major Governmental Funds
Budgetary Comparison Schedule - General Obligation Debt Service Fund A-15 76
TABLE OF CONTENTS
CITY OF WYLIE, TEXAS
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023
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01/23/2024 Item 2.
TABLE OF CONTENTS – CONTINUED
Exhibit Page
Nonmajor Governmental Funds
Combining Balance Sheet B-1 78
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance B-2 80
Nonmajor Special Revenue Funds
Budgetary Comparison Schedules:
4B Sales Tax Revenue Fund C-1 82
Park Acquisition and Improvement C-2 83
Fire Training Center C-3 84
Fire Development Fees C-4 85
Municipal Court Technology Fund C-5 86
Municipal Court Building Security Fund C-6 87
Hotel Tax Fund C-7 88
Federal Seizure Fund C-8 89
Judicial Efficiency Fund C-9 90
Truancy Court Fund C-10 91
Municipal Judicial Fund C-11 92
Nonmajor Debt Service Funds
Budgetary Comparison Schedules:
4B Debt Service 1996 Fund D-1 93
4B Debt Service 2005 Fund D-2 94
III. STATISTICAL SECTION Table
Net Position By Component 1 98
Expenses, Program Revenues, and Net (Expense)/Revenue 2 100
General Revenues and Total Change in Net Position 3 102
Fund Balances of Governmental Funds 4 104
Changes in Fund Balances of Governmental Funds 5 106
Tax Revenues by Source, Governmental Funds 6 108
Assessed Value and Estimated Actual Value of Taxable Property 7 109
Direct and Overlapping Property Tax Rates 8 110
Principal Property Tax Payers 9 111
Property Tax Levies and Collections 10 112
Direct and Overlapping Sales Tax Rate 11 113
Taxable Sales by Category 12 114
Ratios of Outstanding Debt by Type 13 116
Ratios of General Bonded Debt Outstanding 14 118
Direct and Overlapping Governmental Activities Debt 15 119
Legal Debt Margin Information 16 120
Pledged-Revenue Coverage 17 122
Demographic and Economic Statistics 18 124
Principal Employers 19 126
Full-Time Equivalent Employees by Function/Program 20 127
Operating Indicators by Function/Program 21 128
Capital Asset Statistics by Function/Program 22 130
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01/23/2024 Item 2.
INTRODUCTORY SECTION
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01/23/2024 Item 2.
Our Mission…
…to be responsible stewards of the public trust,
to strive for excellence in public service
and to enhance the quality of life for all.
i
300 Country Club Rd ∙ Wylie, Texas 75098 ∙ 972-516-6000 ∙ WylieTexas.gov
January 23, 2024
The Honorable Matthew Porter, Mayor
Members of the City Council
And the Citizens
City of Wylie, Texas
Financial policies of the City of Wylie require that the City’s Finance Department prepare a complete set of
financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited
in accordance with generally accepted auditing standards by a firm of licensed certified public accountants.
Accordingly, the Annual Comprehensive Financial Report (ACFR) for the City of Wylie, Texas for the fiscal year
ended September 30, 2023, is hereby issued.
This report consists of management’s representations concerning the finances of the City. Consequently,
management assumes full responsibility for the completeness and reliability of all the information presented in
this report. To provide a reasonable basis for making the representations, management of the City has
established a comprehensive internal control framework that is designed both to protect the City’s assets from
loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City’s financial
statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the
City’s comprehensive framework of internal controls has been designed to provide reasonable, rather than
absolute assurance, that the financial statements will be free from material misstatement. As management, we
assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material
respects.
The City’s financial records have been audited by Weaver LLP, Certified Public Accountants, as required by the
City Charter. This ACFR has been prepared based upon those audited records. The goal of the independent
audit was to provide reasonable assurance that the financial statements of the City for the fiscal year ended
September 30, 2023 are free of material misstatement. This independent audit involved examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting
principles used and significant estimates made by management; and evaluating the overall financial statement
presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for
rendering an unmodified opinion that the City’s financial statements for the fiscal year ended September 30,
2023, are fairly presented in conformity with GAAP. The independent auditors’ report is presented as the first
component of the financial section of this report.
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic
financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is
designed to complement MD&A and should be read in conjunction with it. The City’s MD&A can be found
immediately following the report of the independent auditor.
Profile of the City
The City of Wylie is located in the south-central portion of Collin County, approximately 23 miles northeast of
downtown Dallas. Incorporated in 1887, the City adopted its Home Rule Charter on January 19, 1985 and
operates under a council-manager form of government. The City Council is comprised of a Mayor and six council
members. All members are elected at-large on a staggered and nonpartisan basis for three-year terms. They
are responsible to enact local legislation, provide policy, and annually adopt the operating budget. They appoint
the City Manager, City Attorney, Judge of the Municipal Court and members of various boards and
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01/23/2024 Item 2.
ii
commissions. The City Manager, under the oversight of the City Council, is responsible for the proper
administration of the daily operations of the City.
The City provides a full range of municipal services including general government, public safety (police, fire, and
emergency communications), streets, library, parks and recreation, planning and zoning, code enforcement,
animal control, and water and sewer utilities. Sanitation services are provided by the City but are privately
contracted. The Wylie Economic Development Corporation (WEDC) is included in the financial statemen ts as a
discrete component unit. Its purpose is to aid, promote and further economic development within the City. The
Wylie Park and Recreation Facilities Development Corporation (4B Corporation) is also combined within the
financial statements of the City. Both WEDC and the 4B Corporation are primarily funded with sales tax
revenues. Both corporations are discussed more fully in the notes to the financial statements.
The annual budget of the City serves as the foundation for its financial plan and control. The budget is proposed
by the City Manager and adopted by the City Council in accordance with policies and procedures established by
the City Charter, ordinances and state law. The budget process begins early in the year with management review
of a ten-year plan that incorporates current and future capital needs and allows for planning of future debt
considerations and/or planning for General Fund fund balance drawdowns for one-time expenditures. A five-
year plan is then presented to council so that property tax rate considerations may be analyzed with revenue and
expenditure projections. The last several years, it has been a goal to maintain or lower the property tax rate so
that Wylie remains at a competitive level with other area cities while still providing adequate revenue to fund the
needs of our steady growth. Department budgets are reviewed by the City Manager who will develop a proposed
budget for presentation to the City Council. The City Council reviews the budget in subsequent w ork sessions
and a formal budget is prepared and made available to the public for review by August 5 each year or a date to
be determined by the City Council. Prior to official adoption of the budget by Council, a public hearing on the
proposed budget is held to allow for public input. Of the twenty-four governmental funds the City maintains,
sixteen of them are annually appropriated. These include the General Fund, twelve Special Revenue Funds and
the three Debt Service Funds.
Factors Affecting Financial Condition
The information presented in the financial statements is perhaps best understood when it is considered from the
broader perspective of the specific environment within which the City of Wylie operates.
Local economy
Local area suburbs continue to experience record growth across the region. In mid-2023, Wylie surpassed 61,000
residents and Collin County was nearing 1.2 million in population. The recent Census data projects Wylie will
reach 64,000 by 2028 with a compound annual growth rate of .89% and Collin County will approach 1.3 million
at 1.87%.
Housing prices and sales declined across North Texas, due to increasing interest rates, the highest in over two
decades. In the recent report by Texas Real Estate Research Center at Texas A&M and the North Texas Real
Estate Information Systems, real estate agents in North Texas sold more than 84,000 homes in 2023, down from
over 100,000 in 2022. Collin County median sales price ended at $475,000, down from last year’s $514,000, but
remained the most expensive county in the region. Despite interest rates, demand remains high for housing in
North Texas and residential development continues in Eastern Collin County. Lavon has 10,295 total lots with
6,920 home lots that are in varying stages of development just east of Wylie, along State Hwy 78, east of State
Hwy 205. Additionally, residential growth in Wylie remained steady, ending the year at 397.
The DFW retail market continued its growth in 2023, but at a much slower pace. According to a recent CBRE
commercial report, DFW recorded nearly 850,000 square feet in the first half of 2023 with overall occupancy at
94.9% across the region. In Texas, sales tax revenue was up 8.4% for the year and Wylie’s sales tax receipts
topped $18.4 million, up nearly 11% from the previous year. Additional economic indicators remained strong,
evidenced again by growth in the local tax base. Analyzing residential and commercial growth, our total tax base
increased by 15.1% over the previous year. Our taxable value this year, as provided by the Collin Central
Appraisal District, Dallas Central Appraisal District, and Rockwall Central Appraisal District, was $7,513,258,419.
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01/23/2024 Item 2.
iii
In 2022, DFW continued its record-breaking trend for new industrial construction and leasing and 2023 proved
to be no different. According to a recent CBRE industrial report, DFW has experienced 1 3 straight years of
significant industrial growth. Q4 2023 marked the 53rd consecutive quarter of positive net industrial absorption of
9.1 million square feet, and the trailing 12-month absorption total was more than 31.3 million square feet. In early
2023, the $31 billion merger between Kansas City Southern (KCS) and Canadian Pacific (CP) received a green
light by the Surface Transportation Board, which created CPKC. In late 2023, construction started on a 30-acre
automotive facility at the 500-acre Wylie Intermodal Terminal. With roughly 200 acres of prime real estate along
Hwy 78, Wylie is an ideal location for high-efficiency, multi-commodity transload and logistics investments.
Wylie’s growing population, strengthening retail trade area, and increasing daytime population will continue to
support a strong local economy well into the future.
Long-term financial planning
In 2006, the City developed a Long-Range Financial Plan that included street and park improvements, a new city
hall, library, fire station, recreation center and sidewalks. The voters of the City of Wylie authorized the City to
issue $73,950,000 in General Obligation Bonds to fund this capital improvement program. The first series of
General Obligation bonds were sold in late March of 2006 and the remaining bonds were sold in August of 2008.
Since that time the City has refunded these bonds to obtain more favorable interest rates without extending the
life of the bonds. All of these projects have come to fruition and only $5 million remains unspent, but is designated
to help fund the expansion of East FM 544. This project, a four-lane divided road, including a traffic light and
round-a-bout is currently under construction and expected completion date is Fall of 2025.
Certificates of Obligation in the amount of $7,175,000 were sold in FY 2017 that provided funding for new capital
assets in the City’s water storage and metering systems. In 2021, the City completed a long-awaited project of
replacing the old metering system with Advanced Metering Infrastructure (AMI). This project addressed aging
infrastructure, improves water conservation and reduces unaccounted-for water. The new meters automate
meter-reading processes and provide more accurate information to the Utility Billing Department. More
importantly, it has empowered our residents and business owners to manage their water use and costs with real-
time data via the customer portal. The system has been a huge success and the Utility Billing Department still
receives accolades for their successful transition and their high adoption rate for the online customer portal
service.
Partial funding of the Public Safety Building remodel and expansion was provided by Certificates of Obligation
issued in 2018 for $8,500,000. This construction project was completed in FY2020 and re-opening of the building
occurred in November 2020. Police, Fire Administration and Municipal Court are now serving the public in a
much-anticipated new space which also includes our Emergency Operations Center.
Construction of Fire Station #4 was completed and a grand opening ceremony was held in May 2022. The new
facility includes office space, vehicle stalls, storm shelter and a training area. Along with the grand opening, the
department also unveiled a sculpture commissioned in remembrance of the 343 firefighters who lost their lives
on 9/11. The station was partially funded with $3 million previously transferred from the General Fund fund
balance that was above the required minimum fund balance policy. The remaining portion of this project was
funded with Certificates of Obligation issued early 2021 in the amount of $5.3 million.
During FY2021, it was determined through a work session with City Council that it would be prudent to use a
portion of the unassigned fund balance in the General Fund for specific capital needs. The unassigned fund
balance had been above policy requirements for several years. As a result, in FY 2022 the Library received a
new book sorter and the Fire Department purchased several LifePak Heart Monitors. Additionally, $6.2 million
was transferred from the General Fund to a Community Investment Fund for a new Capital Improvement
Program. The CIF program will fund remodeling of the Senior Center, construction of two water splashpads and
construction of a dog park. Design for the Senior Center is still in the works, but the splashpads are in construction
and expected to be completed in summer 2024. The dog park is completed and a grand opening was celebrated
in January 2024. $600,000 was used to repair neighborhood sidewalks. $500,000 was allocated to improve storm
drainage facilities and a study was completed to determine areas most in need of repair. It was also determined
that Wylie Fire Rescue would use $2.4 million to purchase two quint replacements, both currently on order and
being custom built. At a later work session, council assigned an additional $636,000 for the purchase of a fire
utility truck which has also been ordered and expected to be delivered in May 2024. Upon receipt of these new
vehicles, the oldest front-line large vehicle for WFR’s fleet will be 2019, with two 2013 quints in reserve.
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01/23/2024 Item 2.
iv
In November 2021, voters approved $50.1 million of general obligation bonds which supports three propositions.
These three propositions were based on input from a 14-member Citizens Bond Committee. The City Council
reviewed and discussed recommendations and voted unanimously to put forth the following propositions:
Proposition A - $35,100,000 Expansion and reconstruction of McMillen Dr., Park Blvd., and S. Ballard
Ave./Sachse Rd.
Proposition B - $10,000,000 City-wide street and alley repair/replacement
Proposition C - $5,000,000 Improvements to Wylie’s Historic Downtown District
Bonds will be issued as needed when projects are ready to move forward to minimize impact to the tax rate.
In February 2022, the City issued $12.1 million of General Obligation Refunding & Improvement Bonds. This
issue included refunding for the 2012 PPFCO and 2012 General Obligation Refunding Bonds. Both were
refunded for a lower interest rate and the life of the bonds was not extended. Also, in 2022, $5.1 million was
issued to begin projects voted on in the 2021 election. Much of this issue was used to begin or update designs.
In June 2023, the City issued $16 million to further fund the projects of the 2021 bond program. McMillen Road
design is completed and construction of a four-lane divided roadway with an 1100 ft., six-lane bridge and sidewalk
is underway. Park Boulevard design is 90% complete and construction is expected to begin in Spring of 2024.
Relevant financial policies
Financial Management Policies are reviewed by staff and adopted annually by the City Council. There were no
changes made upon adoption in Fiscal Year 2023.
Financial Management Policies state that, “It is the goal of the City to achieve and maintain an unassigned fund
balance in the general fund equal to 25% of expenditures. The City considers a balance of less than 20% to be
cause for concern, barring unusual or deliberate circumstances. If unassigned fund balance falls below the goal
or has a deficiency, the City will appropriate funds in future budgets to replenish the fund balance based on a
time table deemed adequate by the City Council.”
Texas Government Code requires the governing body of an investing entity to review its’ investment policy not
less than annually. The governing body must adopt a written instrument by rule, order, ordinance or resolution
stating that it has reviewed the investment policy and that the wri tten instrument so adopted shall record any
changes made to the investment policy. City Council approved by Resolution the Investment Policy with no
changes this year.
City Council approved, for the first time in 2020, a separate Debt Management Policy. Previously, debt
management was addressed only as a section of the Financial Management Policies and did not have any
specific benchmarks of measure. The new policy establishes parameters and provides guidance governing the
issuance, management, continuous evaluation of and reporting on all debt obligations issued by the City. The
Debt Management Policy is also reviewed by staff and adopted annually by the City Council.
Major initiatives
The City Council worked together to continue efforts on their previously adopted mission, vision and values that
are used for strategic planning purposes. The budget for Fiscal Year 202 3-24 approved by the City Council
reflected a decrease in the property tax rate of $0.023451 per $100 of assessed property valuation. This rate
was three cents above the no new revenue rate. One cent was assigned to M&O to partially fund the new EMS
services and two cents was assigned to I&S to pay for the newly issued voter -approved debt. FY2024 is the
twelfth consecutive year the council has decreased the tax rate.
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Awards and Acknowledgements
Recognition
Various awards came to the City throughout the year. Wylie Fire Rescue maintained their ISO 1 ranking by the
property/casualty insurance industry. They also maintained the coveted designation of “Recognized Best
Practices Fire Department'' from the Texas Fire Chiefs Association. The City of Wylie water system maintained
its Superior Public Water System status with TCEQ. The Rita and Truett Smith Public Library earned the “Library
of Excellence Award” by the Texas Municipal Library Directors Association.
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate
of Achievement for Excellence in Financial Reporting to the City of Wylie for its annual comprehensive financial
report (ACFR) for the fiscal year ended September 30, 2022. The City has participated in the program for many
years and has been awarded the Certificate numerous times. In order to be awarded a Certificate of
Achievement, the government must publish an easily readable and efficiently organized ACFR. This report must
satisfy both GAAP and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our current report continues to
conform to the Certificate of Achievement program requirements, and we are submitting it to the GFOA to
determine its eligibility for another certificate.
The City also received from GFOA, the Distinguished Budget Presentation Award for our 2022-23 budget
document. To earn recognition, budget documents must meet program criteria and excel as a policy document,
financial plan, operations guide, and communication tool. The 202 3-24 budget has also been submitted for
eligibility of the award.
The preparation of this report could not be accomplished without the dedicated services of the entire staff of the
Finance Department. We would also like to express our appreciation to all staff members who assisted and
contributed to the preparation of this report. Acknowledgement is also given to representatives of Weaver, LLP,
Certified Public Accountants, for their dedicated assistance in producing this report.
Special acknowledgement is given to the City Manager, Mayor and the members of the City Council for their
support for maintaining the highest standards of professionalism in the management of the City of Wylie
finances.
Respectfully submitted,
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CITY OF WYLIE, TEXAS
PRINCIPAL OFFICIALS
September 30, 2023
City Council
Matthew Porter, Mayor
Jeff Forrester, Mayor Pro Tem
David R. Duke, Councilmember
Dave Strang, Councilmember
Scott Williams, Councilmember
Sid Hoover, Councilmember
Gino Mulliqi, Councilmember
City Staff
Brent Parker, City Manager
Renae’ Ollie, Deputy City Manager
Lety Yanez, Assistant City Manager
Stephanie Storm, City Secretary
Melissa Brown, Finance Director
Jennifer Beck, Human Resources Director
Anthony Henderson, Police Chief
Brandon Blythe, Fire Chief
Tim Porter, City Engineer
Thomas Weir, Public Works Director
Carmen Powlen, Parks & Recreation Director
Ofilia Barrera, Library Director
James Brown, Operations Director
Jasen Haskins, Community Services Director
Jason Greiner, WEDC Director
Other Appointed Officials
Weaver, LLP, Auditors
Abernathy, Roeder, Boyd & Hullett, PC, City Attorney
Norton Rose Fulbright US LLP, Bond Counsel
Hilltop Securities Inc., Financial Advisors
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FINANCIAL SECTION
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Weaver and Tidwell, L.L.P.
1800 Hughes Landing Blvd, Suite 400 | The Woodlands, Texas 77380
Main: 713.800.1060
CPAs AND ADVISORS | WEAVER.COM
1
Independent Auditor’s Report
Members of the City Council
City of Wylie, Texas
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities,
the discretely presented component unit, each major fund, and the aggregate remaining fund
information of the City of Wylie, Texas (City) as of and for the year ended September 30, 2023, and the
related notes to the financial statements, which collectively comprise the City’s basic financial
statements as listed in the table of contents.
In our opinion, the accompanying financial statements present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, the discretely
presented component unit, each major fund, and the aggregate remaining fund information of the
City as of September 30, 2023, and the respective changes in financial position and, where applicable,
cash flows thereof for the year then ended in accordance with accounting principles generally
accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America (GAAS) and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States (Government Auditing
Standards). Our responsibilities under those standards are further described in the Auditor’s
Responsibilities for the Audit of the Financial Statements section of our report. We are required to be
independent of the City and to meet our other ethical responsibilities, in accordance with the relevant
ethical requirements relating to our audit. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
As discussed in Note 1 to the basic financial statements, during the year ended September 30, 2023, the
City implemented Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription-
Based Information Technology Arrangements. Our opinions are not modified with respect to this matter.
Responsibilities of Management for the Financial Statements
The City’s management is responsible for the preparation and fair presentation of the financial
statements in accordance with accounting principles generally accepted in the United States of
America, and for the design, implementation, and maintenance of internal control relevant to the
preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are
conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to
continue as a going concern for twelve months beyond the financial statement date, including any
currently known information that may raise substantial doubt shortly thereafter.
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Members of the City Council
City of Wylie, Texas
2
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that
includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government
Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the
aggregate, they would influence the judgment made by a reasonable user based on the financial
statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, and design and perform audit procedures responsive to those risks. Such
procedures include examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is
expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of
the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the
aggregate, that raise substantial doubt about the City’s ability to continue as a going concern
for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis, budgetary comparison information and pension and other
postemployment benefits information as listed in the table of contents, be presented to supplement the
basic financial statements. Such information is the responsibility of management and, although not a
part of the basic financial statements, is required by the Governmental Accounting Standards Board
who considers it to be an essential part of financial reporting for placing the basic financial statements
in an appropriate operational, economic, or historical context. We have applied certain limited
procedures to the required supplementary information in accordance with GAAS, which consisted of
inquiries of management about the methods of preparing the information and comparing the
information for consistency with management’s responses to our inquiries, the basic financial
statements, and other knowledge we obtained during our audit of the basic financial statements. We
do not express an opinion or provide any assurance on the information because the limited procedures
do not provide us with sufficient evidence to express an opinion or provide any assurance.
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Members of the City Council
City of Wylie, Texas
3
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City’s basic financial statements. The combining and individual fund financial
statements and schedules, as listed in the table of contents, are presented for purposes of additional
analysis and are not a required part of the basic financial statements.
The combining and individual fund financial statements and schedules are the responsibility of
management and were derived from and relate directly to the underlying accounting and other
records used to prepare the basic financial statements. The information has been subjected to the
auditing procedures applied in the audit of the basic financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying
accounting and other records used to prepare the basic financial statements or to the basic financial
statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the
combining and individual fund financial statements and schedules are fairly stated, in all material
respects, in relation to the basic financial statements as a whole.
Other Information Included in the Annual Comprehensive Financial Report (ACFR)
Management is responsible for the other information included in the ACFR. The other information
comprises the introductory and statistical sections but does not include the basic financial statements
and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other
information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other
information and consider whether a material inconsistency exists between the other information and
the basic financial statements, or the other information otherwise appears to be materially misstated. If,
based on the work performed, we conclude that an uncorrected material misstatement of the other
information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
January 17, 2024 on our consideration of the City’s internal control over financial reporting and on our
tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is solely to describe the scope of our testing of internal control
over financial reporting and compliance and the results of that testing, and not to provide an opinion
on the effectiveness of the City’s internal control over financial reporting or on compliance. That report
is an integral part of an audit performed in accordance with Government Auditing Standards in
considering the City’s internal control over financial reporting and compliance.
WEAVER AND TIDWELL, L.L.P.
The Woodlands, Texas
January 17, 2024
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City of Wylie, Texas
Management’s Discussion and Analysis
September 30, 2023
5
As management of the City of Wylie, we offer readers of the City’s financial statements this narrative overview
and analysis of the financial activities of the City for the fiscal year ended September 30, 2023. We encourage
readers to consider the information presented here in conjunction with additional information that we have
furnished in our letter of transmittal, which can be found on pages one through five of this report.
Financial Highlights
The unassigned portion of the General Fund fund balance at the end of the year was $28,554,755 or
56.09 percent of total General Fund expenditures. This includes the 25% of General Fund
expenditures which is required to be held in General Fund fund balance per the City Council approved
Financial Management Policies. That amount is $12,726,180. The remainder represents funds which
may be used for one-time expenditures or unforeseen needs which the Council allocates for a specific
purpose. The unassigned General Fund fund balance can be seen on page 18 of this report on the
Balance Sheet-Governmental Funds. It is part of the total General Fund fund balances,
September 30, 2023, shown on page 21 of this report on the Statement of Revenues, Expenditures,
and Changes in Fund Balance.
The assets and deferred outflows of the City exceeded its liabilities and deferred inflows at the close of
the fiscal year ended September 30, 2023, by $335,869,316 (net position). Of this amount,
$52,240,859 (unrestricted portion of net position) may be used to meet the government’s ongoing
obligations to citizens and creditors. Included in the unrestricted portion of net position are monies from
all the City’s various funds which are not restricted for other purposes.
Total assets were $448,909,093 which includes capital assets and current assets such as cash,
prepaids, inventory, and receivables. Total liabilities were $124,051,898 which includes long-term
liabilities from debt, compensated absences, pension liabilities, and OPEB liabilities and other liabilities
such as accrued interest, accounts payables, unearned deposits and accrued liabilities. The statement
of net position also includes deferred outflows and inflows from pension and OPEB liabilities along with
deferred losses from refunding of debt.
The City’s total net position increased by $22,354,028 primarily due to the recognition of the ARPA
funds used to pay for a portion of public safety salaries. Interest earnings were also significantly
higher than previous years due to the economic environment. Developer contributions of over $3.2
million for streets, alleys, drainage, as well as $1.54 million for water/sewer infrastructure also
increased net position. Impact fees for water/sewer added $1.4 million and $1.28 million was
added from thoroughfare impact fees. Service charges for business-type activities exceeding
operating costs also contributed to the net position increase as well as an increase in sales and
property tax receipts. Property tax receipts increased only by the additional tax of new construction.
The effects of these changes can be seen in Table 2.
The City’s governmental funds reported combined ending fund balances of $95,038,320, an increase
of $28,830,208 in comparison to the previous year. The General Fund ending balance was lower than
2022 by $2.0 million, while Capital Projects Funds increased by $30.2 million. Over $12.0 million was
transferred to capital projects funds from the General Fund’s excess fund balance to support specific
projects approved by Council. $16.0 million of bonds was issued to begin projects designated in the
2021 bond program.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements.
The City’s basic financial statements comprise three components: 1) government-wide financial statements,
2) fund financial statements, and 3) notes to the financial statements. This report also contains other
supplementary information in addition to the basic financial statements themselves.
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City of Wylie, Texas
Management’s Discussion and Analysis
September 30, 2023
6
Government-wide financial statements. The government-wide financial statements are designed to provide
readers with a broad overview of the City of Wylie’s finances. This is done in a manner similar to a private-
sector business. Two statements, the Statement of Net Position and the Statement of Activities, are utilized to
provide this financial overview. The Statement of Net Position presents information on all of the City’s assets
and deferred outflows of resources and liabilities and deferred inflows of resources with the difference between
the two reported as net position. Over time, increases or decreases in net position may serve as a useful
indicator of whether the financial position of the City is improving or deteriorating.
The Statement of Activities presents information showing how the government’s net position changed during
the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise
to the change occurs, regardless of the timing of related cash flow. Thus, revenues and expenses are reported
in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes
and earned but unused vacation leave).
Both of the government-wide statements distinguish between governmental activities and business-type
activities. Governmental activities basically account for those activities supported by taxes and
intergovernmental revenues. On the other hand, business-type activities are basically supported by user fees
and charges. Most City services are reported in governmental activities while business-type activities are
reported in the Enterprise Fund.
The government-wide statements include not only the City but also a discrete component unit, the Wylie
Economic Development Corporation (WEDC). Although legally separate, WEDC is financially accountable to
the City.
Fund financial statements. The City, like other state and local governments, utilizes fund accounting to
ensure and demonstrate compliance with finance-related legal requirements. A fund is a grouping of related
accounts that is used to maintain control over resources that have been segregated for specific activities or
objectives. All of the funds of the City can be divided into two categories: governmental funds and proprietary
funds.
Governmental funds. Governmental funds are used to account for essentially the same functions reported as
governmental activities in the government-wide financial statements. However, unlike the government-wide
financial statements, governmental fund financial statements focus on near-term inflows and outflows of
spendable resources as well as on balances of spendable resources available at the end of the fiscal year.
Such information may be useful in evaluating a government’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it
is useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government-wide financial statements. By doing so, readers may better
understand the long-term impact of the government’s near-term financing decisions. Both the governmental
fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund
balances provide a reconciliation to facilitate this comparison between governmental funds and governmental
activities.
The City maintains twenty-four individual governmental funds. Information is presented separately in the
Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures and
Changes in Fund Balances for the General Fund and the General Obligation Debt Service Fund. All Capital
Projects Funds are combined for a single, aggregated presentation. Data from the other non-major funds are
also combined and reported in a single column. Individual fund data for each of the non-major governmental
funds is provided in the form of combining statements elsewhere in this report.
Proprietary funds. The City maintains one type of proprietary fund, an enterprise fund. Enterprise funds are
used to report the same functions presented as business-type activities in the government-wide financial
statements. The City uses an enterprise fund to account for its water and sewer operations.
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Management’s Discussion and Analysis
September 30, 2023
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Proprietary funds financial statements provide the same type of information as the government-wide financial
statements, only in more detail.
Notes to the financial statements. The notes provide additional information that is essential to gain a full
understanding of the data provided in the government-wide and fund financial statements.
Other information. In addition to the basic financial statements and accompanying notes, this report also
presents certain required supplementary information. Required supplementary information can be found after
the notes to the financial statements.
Government-Wide Financial Analysis
At the end of fiscal year 2023, the City’s net position (assets and deferred outflows of resources exceeding
liabilities and deferred inflows of resources) totaled $335,869,316. This analysis focuses on the net position
(Table 1) and changes in net position (Table 2).
Net Position. The largest portion of the City’s net position, $233,482,146, or 69.5%, reflects its investment in
capital assets (land, buildings, improvements other than buildings, machinery and equipment, construction in
progress), less any related debt used to acquire those assets that is still outstanding. The City uses these
assets to provide services to its citizens; consequently, these assets are not available for future spending.
Although the City reports its capital assets net of related debt, the resources needed to repay this debt must be
provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
An additional portion of the City’s net position, $50,146,311, or 14.9% represents resources that are subject to
external restrictions on how they may be used. The unrestricted portion of net position which is $52,240,859
(15.6%) may be used to meet the government’s ongoing obligations to citizens and creditors.
2023 2022 2023 2022 2023 2022
Current and other assets 104,235,309$ 78,143,603$ 52,022,140$ 46,207,233$ 156,257,449$ 124,350,836$
Capital assets 222,830,573 227,107,436 69,821,071 67,439,119 292,651,644 294,546,555
Total Assets 327,065,882 305,251,039 121,843,211 113,646,352 448,909,093 418,897,391
Deferred outflows of resources 10,843,433 5,231,159 910,708 396,049 11,754,141 5,627,208
Long term liabilities 100,955,474 79,917,759 12,825,986 12,983,984 113,781,460 92,901,743
Other liabilities 8,080,983 10,967,982 2,189,455 1,300,702 10,270,438 12,268,684
Total liabilities 109,036,457 90,885,741 15,015,441 14,284,686 124,051,898 105,170,427
Deferred inflows of resources 680,156 5,381,017 61,864 457,867 742,020 5,838,884
Net Position:
Net investment in capital assets 172,859,764 165,022,233 60,622,382 57,282,050 233,482,146 222,304,283
Restricted for debt service 476,007 766,308 - - 476,007 766,308
Restricted for capital projects 27,968,946 19,085,639 13,602,609 12,100,734 41,571,555 31,186,373
Restricted for economic development 6,848,645 6,599,921 - - 6,848,645 6,599,921
Restricted for tourism 856,620 753,188 - - 856,620 753,188
Restricted for other 393,484 575,653 - - 393,484 575,653
Unrestricted 18,789,236 21,412,498 33,451,623 29,917,064 52,240,859 51,329,562
Total Net Position 228,192,702$ 214,215,440$ 107,676,614$ 99,299,848$ 335,869,316$ 313,515,288$
Business-type
Activities Activities Total
Table 1
Condensed Statement of Net Position
Governmental
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Management’s Discussion and Analysis
September 30, 2023
8
Changes in Net Position
Governmental Activities. Governmental activities increased the City’s net position by $13,977,262 from the
prior year. This was primarily due to developer contributions of streets, alleys and drainage totaling $3,212,108
and thoroughfare impact fees of $1.28 million. There also was a slight increase in ad valorem revenue from
new residential construction and an increase in sales taxes due to favorable economic conditions. $6.1 million
of ARPA funds was recognized and interest earnings were significantly higher than the previous year.
Business-type Activities. Net position from business-type activities increased by $8,376,766 from the prior
year. Utility revenues from the growth of our customer base are partially responsible, as well as developer
contributions for water and sewer infrastructure of approximately $1.54 million.
2023 2022 2023 2022 2023 2022
Revenues:
Program revenues:
Charges for services 9,507,600$ 9,137,190$ 29,592,808$ 27,371,622$ 39,100,408$ 36,508,812$
Operating grants and contributions 7,069,298 663,356 - - 7,069,298 663,356
Capital grants and contributions 5,136,507 7,619,607 2,965,191 3,189,643 8,101,698 10,809,250
General revenues:
Ad valorem taxes 37,982,291 36,723,108 - - 37,982,291 36,723,108
Sales taxes 14,193,327 12,951,476 - - 14,193,327 12,951,476
Other taxes and fees 3,080,512 2,929,590 - - 3,080,512 2,929,590
Interest 2,829,070 307,155 1,389,590 195,126 4,218,660 502,281
Gain (loss) disposal of capital assets 132,421 2,706,165 - - 132,421 2,706,165
Miscellaneous 485,740 610,600 142,254 63,359 627,994 673,959
Total revenues 80,416,766 73,648,247 34,089,843 30,819,750 114,506,609 104,467,997
Expenses:
General government 14,412,031 13,682,957 - - 14,412,031 13,682,957
Public safety 29,893,415 25,164,617 - - 29,893,415 25,164,617
Urban development 1,083,325 1,020,885 - - 1,083,325 1,020,885
Streets 11,434,006 10,393,464 - - 11,434,006 10,393,464
Community service 9,999,916 9,217,814 - - 9,999,916 9,217,814
Interest on long-term debt 2,179,116 2,118,360 - - 2,179,116 2,118,360
Water and sewer operations - - 23,150,772 20,876,930 23,150,772 20,876,930
Total expenses 69,001,809 61,598,097 23,150,772 20,876,930 92,152,581 82,475,027
Increase in net position before transfers 11,414,957 12,050,150 10,939,071 9,942,820 22,354,028 21,992,970
Transfers 2,562,305 2,488,646 (2,562,305) (2,488,646) - -
Increase in net position 13,977,262 14,538,796 8,376,766 7,454,174 22,354,028 21,992,970
Net position - October 1 214,215,440 199,676,644 99,299,848 91,845,674 313,515,288 291,522,318
Net position - September 30 228,192,702$ 214,215,440$ 107,676,614$ 99,299,848$ 335,869,316$ 313,515,288$
Table 2
Changes in Net Position
Governmental Business-type
Activities Activities Total
Government-Wide Financial Analysis
Governmental funds. The focus of the City’s governmental funds is to provide information on near-term
inflows, outflows and balances of spendable resources. Such information is useful in assessing the City’s
financing requirements. In particular, fund balance may serve as a useful measure of a government’s net
resources available for spending at the end of the fiscal year.
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Management’s Discussion and Analysis
September 30, 2023
9
As of the end of the current fiscal year, the City’s governmental funds reported combined fund balances of
$95,038,320.
The General Fund is the main operating fund of the City. At the end of the current fiscal year, unassigned fund
balance was $28,554,755. The overall fund balance of the General Fund decreased by $2,045,654 during the
current fiscal year. The reason for the decrease is multi-faceted. Overall, General Fund revenues were higher
due to an increased property tax base (new construction), increased sales tax revenue and an expansion of the
customer base for service fees, while expenditures were also less than anticipated.
The General Obligation Debt Service Fund reported a decrease of $310,839 in fund balance. This was due in
part to an application of the fund balance intentionally used to reduce the I&S portion of the tax rate. The
Capital Projects Fund increased $30,179,620 due primarily to bonds that were issued to begin projects
designated in the 2021 Bond Program, as well as $12.1 million transferred from the General Fund’s excess
fund balance. Other governmental funds’ combined fund balances increased $1,007,081 primarily due to
increased revenue from sales tax in the 4B Sales Tax Revenue Fund and an increase in interest earnings.
Proprietary funds. The City’s proprietary funds provide the same type of information found in the government-
wide statements, but in more detail.
Unrestricted net position of the Utility Fund at the end of the year was $33,451,623. This represents an
increase of $3,534,559. This is largely attributable to the increases in water and sewer operating revenues. The
year included a planned rate increase, which is based on a five-year water and sewer rate study. There also
was an increase in the system’s customer base. This year’s operating income was $6,761,253.
General Fund Budgetary Highlights. In FY2023, the General Fund expenditure budget was increased by
$4,182,130 over the 2022 budget, with approximately $1 million funding new personnel requests for Public
Safety. Approved positions for the police department included two officers, one crossing guard supervisor, two
crossing guards, one part-time mental health coordinator upgraded to a full-time position and one patrol
position upgraded to sergeant. Police also received funding for five vehicles. The approved positions for the
fire department included six firefighters for station #4 and one upgraded position from fire prevention clerk to
fire records analyst. The fire department also received $315,000 to fund a third ambulance for half the year with
our third-party provider. $572,000 of non-personnel requests were funded for the other general fund
departments. Highlights included two vehicles, one sand/salt spreader, one paint striper, and an angle broom
for the Streets department; key card access control for the animal shelter; security cameras and software for IT;
a scissor lift for Facilities; zoning ordinance hosting for City Secretary and budget software for finance. Each
year, the City performs a mid-year review of the budget. If the City Manager determines that funds are
available, certain amendments are proposed to the City Council for their review and approval. Expenditures
were amended throughout the year with the majority occurring during mid-year reviews. These amendments
increased General Fund appropriations by $942,564 or 1.74 percent.
In the General Fund, the actual revenue received in comparison to the final budget was over by $2,754,929.
This positive variance is most noticeable in interest income, sales tax, franchise fees, intergovernmental
revenue and service fees. General Fund expenditures had a final budget-to-actual positive variance of
$4,225,374 prior to other financing sources/uses. This amount is attributable to intentional savings made by all
departments, incomplete or postponed projects and personnel savings due to turnover and unfilled vacancies.
Capital Assets and Debt Administration
Capital Assets. The City’s investment in capital assets for its governmental and business-type activities as of
September 30, 2023, amounts to $ 292,651,644(net of accumulated depreciation). The investment in capital
assets includes land, buildings, improvements other than buildings, right-to-use machinery and equipment,
machinery and equipment, and construction in progress. The total decrease in the City’s investment in capital
assets for the current year was $1,894,911.
81
01/23/2024 Item 2.
City of Wylie, Texas
Management’s Discussion and Analysis
September 30, 2023
10
2023 2022 2023 2022 2023 2022
Land 44,010$ 43,091$ 101$ 101$ 44,111$ 43,192$
Other non-depreciable assets 1,231 1,231 - - 1,231 1,231
Buildings 51,133 53,286 2,478 2,610 53,611 55,896
Improvements 113,574 118,499 61,995 62,634 175,569 181,133
Right-to-use machinery and equipment 19 79 - - 19 79
Machinery and equipment 6,344 6,242 1,000 1,111 7,344 7,353
Construction in progress 6,520 4,679 4,247 983 10,767 5,662
222,831$ 227,107$ 69,821$ 67,439$ 292,652$ 294,546$
Asset
Table 3
Capital Assets at Year-end
Net of Accumulated Depreciation (000's)
Governmental Activities Business-Type Activities Total
Additional information on the City’s capital assets can be found in the notes to the financial statements on
pages 43-44.
Debt Administration. At the end of the current fiscal year, the City of Wylie had total bonded debt outstanding
of $86.2 million, all of which is backed by the full faith and credit of the City.
2023 2022 2023 2022 2023 2022
General Obligation 59,620$ 50,250$ 1,880$ 2,295$ 61,500$ 52,545$
Combination Tax & Revenue 11,980 12,520 6,065 6,395 18,045 18,915
Unamortized premium (discount) 6,283 6,168 402 473 6,685 6,641
Total 77,883$ 68,938$ 8,347$ 9,163$ 86,230$ 78,101$
Type of Debt
Table 4
Outstanding Bonded Debt at Year End (000's)
Governmental Activities Business-Type Activities Total
Total bonded debt of the City increased primarily due to the net effect of the issuance of $16.0 million of bonds
and principal payment of debt and amortization of premiums.
The City continues to maintain favorable ratings from bond rating agencies. The current General Obligation,
Combination Tax and Revenue Certificates of Obligation, and Revenue Bonds ratings are as follows.
Moody’s Standard
Investors Service & Poor’s
General obligation bonds Aa1 AA
Certificates of obligation Aa1 AA
Revenue bonds A1 A+
Additional information on the City’s long-term debt can be found in the notes to the financial statements on
pages 46-50.
82
01/23/2024 Item 2.
City of Wylie, Texas
Management’s Discussion and Analysis
September 30, 2023
11
Economic Factors and Next Year’s Budgets and Rates
During FY2023, 397 building permits were issued and 400 building permits are projected for FY2024. Steady
growth is the predominant characteristic of the City with $212,496,979 of new assessed valuation added to the
tax roll from new construction for FY2024. This value brought an additional $1,145,108 to the budget, allowing
the City to maintain service levels while decreasing the average taxpayer’s burden. As steady growth
continues, the upward trend in property values remains evident. The City’s Freeze-adjusted taxable property
values showed an increase of 14% from FY2023 to FY2024. Our growth pattern is also projected to continue
into FY2024 but the City recognizes that as we get closer to build-out, redevelopment will fuel the City’s growth
of tax base. As is the City’s pattern, fiscal conservatism continues to play a major role in the development of the
FY2024 operating budget. The 2024 adopted tax rate included a one cent increase for the M&O portion of the
rate to partially fund the new EMS services which were previously contracted to a third-party provider.
In FY2024, General Fund revenues and expenditures are budgeted to decrease by 3.5% over FY2023 because
there are no federal funds anticipated to be received. Expenditures prior to transfers out are budgeted to
increase 6.3% over FY2023 due to the new EMS program costs. This will provide a 37% estimated fund
balance at FY2024 year-end, which exceeds the goal of 25%.
FY2024 Utility Fund revenues are budgeted to increase by 16% from FY2023 revenues and expenses were
projected to increase by 7.3% from FY2023.
The City works with an independent firm to annually review water and sewer rates. The rates needed to fund
current and future operating and infrastructure needs were identified. Also included in the study were estimated
future water and sewer charges from North Texas Municipal Water District as well as future capital needs.
Therefore, in the Utility Fund, water and sewer rates were adjusted for the FY2024 budget year in accordance
with this study.
During FY2006, voters authorized the City to issue $73,950,000 in bonds. $35,325,000 was issued in 2006 with
the remaining $38,625,000 issued in 2008. The issuance of these bonds was expected to cause an increase in
the I & S tax rate to cover the principal and interest payments on the additional debt. However, the total tax rate
went unchanged from FY2009 through FY2012. FY2013 began the trend of a tax rate reduction and 2024 was
the twelfth consecutive year the Council has decreased the tax rate. The current reduction was $.023451
bringing the twelve-year rate reduction total to $.360018. The current rate of $.538882 per $100 of assessed
property valuation allows Wylie to be at a competitive level with other area cities while still providing adequate
revenue to fund the needs of our growth.
In November of 2021, voters authorized the City to issue $50,100,000 in bonds for expansion and
reconstruction of three major roads: McMillen Drive, Park Boulevard and South Ballard Avenue/Sachse Road.
The propositions also included city-wide street and alley repair/replacement as well as improvements to Wylie’s
Historic Downtown District. Bonds will only be issued when projects are ready to proceed to minimize the
impact on the I&S tax rate. $5.1 million was issued in FY2022 and the additional debt was absorbed in the
M&O rate instead of increasing the I&S. In FY2023, $16 million was issued and two cents was added to the I&S
portion of the tax rate.
Requests for Information
This financial report is designed to provide a general overview of the City’s finances for all those with an
interest in the government’s finances. Questions concerning any of the information provided in this report or
requests for additional financial information should be addressed to the Finance Department, 300 Country Club
Road, Wylie, Texas, 75098.
83
01/23/2024 Item 2.
12
84
01/23/2024 Item 2.
13
BASIC FINANCIAL STATEMENTS
85
01/23/2024 Item 2.
14
86
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-1
STATEMENT OF NET POSITION
SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
15
Primary Government
Governmental Business-type Component
ASSETS Activities Activities Total Unit
Cash and cash equivalents 98,574,658$ 39,729,970$ 138,304,628$ 12,625,716$
Receivables (net of allowance
for uncollectibles) 5,454,239 5,539,333 10,993,572 956,162
Inventories 184,507 304,223 488,730 16,006,005
Prepaid items - - - 2,000
Restricted assets:
Cash and cash equivalents 21,905 5,995,706 6,017,611
Receivables - 452,908 452,908 -
Capital assets (net of accumulated depreciation):
Land 44,009,768 101,045 44,110,813 -
Other non-depreciable assets 1,231,294 - 1,231,294 -
Construction in progress 6,519,899 4,247,062 10,766,961 -
Buildings 51,132,834 2,477,533 53,610,367 -
Improvement other than buildings 113,573,617 61,995,651 175,569,268 -
Right-to-use machinery and equipment 18,757 - 18,757 -
Machinery and equipment 6,344,404 999,780 7,344,184 -
Total assets 327,065,882 121,843,211 448,909,093 29,589,883
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on refunding 1,514,819 62,220 1,577,039 -
Deferred outflows - pensions 9,189,228 835,811 10,025,039 112,627
Deferred outflows - OPEB 139,386 12,677 152,063 1,709
Total deferred outflows of resources 10,843,433 910,708 11,754,141 114,336
LIABILITIES
Accounts payable and other
current liabilities 3,341,099 1,742,602 5,083,701 186,815
Accrued interest payable 388,348 38,215 426,563 28,814
Due to other governments 99,509 - 99,509 -
Liabilities payable from restricted assets - 408,638 408,638 -
Unearned revenue 4,252,027 - 4,252,027 -
Non current liabilities:
Due within one year 9,618,918 1,410,564 11,029,482 647,900
Due in more than one year 91,336,556 11,415,422 102,751,978 15,121,314
Total liabilities 109,036,457 15,015,441 124,051,898 15,984,843
DEFERRED INFLOWS OF RESOURCES
Deferred inflows - pensions 383,785 34,907 418,692 4,704
Deferred inflows - OPEB 296,371 26,957 323,328 3,632
Total deferred inflows of resources 680,156 61,864 742,020 8,336
NET POSITION
Net investment in capital assets 172,859,764 60,622,382 233,482,146 -
Restricted for:
Debt service 476,007 - 476,007 -
Capital projects 27,968,946 13,602,609 41,571,555 -
Economic development 6,848,645 - 6,848,645 -
Tourism 856,620 - 856,620 -
Other 393,484 - 393,484 -
Unrestricted 18,789,236 33,451,623 52,240,859 13,711,040
Total net position 228,192,702$ 107,676,614$ 335,869,316$ 13,711,040$
87
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
16
Program Revenues
Operating Capital
Charges for Grants and Grants and
Function/Programs Expenses Services Contributions Contributions
Primary Government
Governmental activities:
General government 14,412,031$ 3,593,830$ 6,099,649$ -$
Public safety 29,893,415 3,420,146 298,867
Urban development 1,083,325 1,743,500 - -
Streets 11,434,006 - - 1,340,351
Community service 9,999,916 750,124 670,782 3,796,156
Interest on long-term debt 2,179,116 - - -
Total governmental activities 69,001,809 9,507,600 7,069,298 5,136,507
Business-type activities:
Utility 23,150,772 29,592,808 - 2,965,191
Total business-type activities 23,150,772 29,592,808 - 2,965,191
Total primary government 92,152,581$ 39,100,408$ 7,069,298$ 8,101,698$
Component unit:
Wylie Economic Development Corp 3,077,893$ -$ -$ -$
Total component units 3,077,893$ -$ -$ -$
General revenues:
Ad valorem taxes
Sales taxes
Franchise taxes
Unrestricted investment earnings
Miscellaneous income
Gain on disposal of assets
Transfers
Total general revenues and transfers
Change in net position
Net position - Beginning of year
Net position - Ending
88
01/23/2024 Item 2.
EXHIBIT A-2
17
Governmental Business-type Component
Activities Activities Total Unit
(4,718,552)$ -$ (4,718,552)$ -$
(26,174,402) - (26,174,402) -
660,175 - 660,175 -
(10,093,655) - (10,093,655) -
(4,782,854) - (4,782,854) -
(2,179,116) - (2,179,116) -
(47,288,404) - (47,288,404) -
- 9,407,227 9,407,227 -
- 9,407,227 9,407,227 -
(47,288,404)$ 9,407,227$ (37,881,177)$ -$
-$ -$ -$ (3,077,893)$
-$ -$ -$ (3,077,893)$
37,982,291 - 37,982,291 -
14,193,327 - 14,193,327 4,611,796
3,080,512 - 3,080,512 -
2,829,070 1,389,590 4,218,660 381,356
485,740 142,254 627,994 117,554
132,421 - 132,421 -
2,562,305 (2,562,305) - -
61,265,666 (1,030,461) 60,235,205 5,110,706
13,977,262 8,376,766 22,354,028 2,032,813
214,215,440 99,299,848 313,515,288 11,678,227
228,192,702$ 107,676,614$ 335,869,316$ 13,711,040$
Net (Expense) Revenue and Changes in Net Position
89
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
BALANCE SHEET-GOVERNMENTAL FUNDS
SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
18
General Fund
General
Obligation
Debt Service
ASSETS
Cash and cash equivalents 29,385,118$ 541,408$
Receivables (net of allowance for uncollectibles):
Ad valorem taxes 279,726 97,097
Franchise taxes 1,054,563 -
Sales taxes 1,689,050 -
Accounts 502,702 -
Other 845,316 -
Restricted cash 21,905 -
Inventories, at cost 184,507 -
Total assets 33,962,887$ 638,505$
LIABILITIES, DEFERRED INFLOWS OF RESOURCES
AND FUND BALANCES
LIABILITIES:
Accounts payable 1,560,650$ -$
Other payables and accruals 1,264,690 1,496
Due to other governments 99,509 -
Unearned revenue - -
Total liabilities 2,924,849 1,496
DEFERRED INFLOWS OF RESOURCES:
Unavailable resources 1,399,432 104,922
Total deferred inflows of resources 1,399,432 104,922
FUND BALANCES:
Nonspendable
Inventory 184,507 -
Restricted
Debt service - 532,087
Capital projects - -
Economic development - -
Municipal court - -
Tourism - -
Law enforcement 300,361 -
Committed
Park acquisition and improvement - -
Fire training - -
Fire development - -
Public arts 563,145 -
Assigned
Law enforcement 15,313 -
Streets 20,525 -
Unassigned 28,554,755 -
Total fund balances 29,638,606 532,087
Total liabilities, deferred inflows of resources,
and fund balances 33,962,887$ 638,505$
90
01/23/2024 Item 2.
EXHIBIT A-3
19
Capital Projects
Fund
Non major
Governmental
Funds
Total
Governmental
Funds
59,011,681$ 9,636,451$ 98,574,658$
- - 376,823
- - 1,054,563
- 836,162 2,525,212
- - 502,702
- 149,623 994,939
- - 21,905
- - 184,507
59,011,681$ 10,622,236$ 104,235,309$
317,485$ 48,766$ 1,926,901$
33,948 114,064 1,414,198
- - 99,509
4,192,303 59,724 4,252,027
4,543,736 222,554 7,692,635
- - 1,504,354
- - 1,504,354
- - 184,507
- 227,346 759,433
54,467,945 - 54,467,945
- 6,848,645 6,848,645
- 92,294 92,294
- 856,620 856,620
- 829 301,190
- 775,194 775,194
- 299,412 299,412
- 1,299,342 1,299,342
- - 563,145
- - 15,313
- - 20,525
- - 28,554,755
54,467,945 10,399,682 95,038,320
59,011,681$ 10,622,236$ 104,235,309$
91
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-4
RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE
SHEET TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
20
Total fund balance-governmental funds balance sheet 95,038,320$
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets used in governmental activities are not current financial resources
and therefore are not reported in the governmental funds balance sheet. 222,830,573
Deferred losses on refunding are reported as deferred outflows of resources
in the government-wide statement of net position.1,514,819
Revenues earned but not available within sixty days of the fiscal year-end are not
recognized as revenue in the fund financial statements. 1,504,354
Deferred outflows of resources, $9,189,228, related to the City's net pension liability result in
an increase in net position in the government-wide financial statements while
deferred inflows ($383,785) result in a decrease in net position.8,805,443
Deferred outflows of resources, $139,386, related to the City's net OPEB liability result in
an increase in net position in the government-wide financial statements while
deferred inflows ($296,371) result in a decrease in net position.(156,985)
Interest payable on long-term debt does not require current financial resources, therefore
interest payable is not reported as a liability in the governmental funds balance sheet. (388,348)
Long-term liabilities, including bonds payable, are not due and payable in the current
period, and therefore are not reported in the fund financial statements. (100,955,474)
NET POSITION OF GOVERNMENTAL ACTIVITIES - statement of net position 228,192,702$
92
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-5
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
21
General Fund
General
Obligation Debt
Service
Capital Projects
Fund
Non major
Governmental
Funds
Total
Governmental
Funds
REVENUES
Ad valorem taxes 28,825,989$ 9,050,412$ -$ -$ 37,876,401$
Sales taxes 9,286,481 - - 4,906,846 14,193,327
Franchise fees 3,015,867 - - - 3,015,867
Licenses and permits 1,409,965 - 1,283,351 46,135 2,739,451
Intergovernmental 8,717,961 - 72,629 - 8,790,590
Service fees 4,490,107 - - 1,067,671 5,557,778
Court fees 319,233 - - 21,092 340,325
Development fees - - - 875,928 875,928
Interest income 1,390,278 65,502 1,064,672 292,989 2,813,441
Miscellaneous income 345,548 - - 144,799 490,347
Total revenues 57,801,429 9,115,914 2,420,652 7,355,460 76,693,455
EXPENDITURES
Current:
General government 11,967,582 - - - 11,967,582
Public safety 28,746,177 - - 41,341 28,787,518
Urban development 1,028,608 - - - 1,028,608
Streets 4,261,461 - - - 4,261,461
Community service 4,900,892 - - 4,241,338 9,142,230
Capital outlay - - 2,822,998 - 2,822,998
Debt service:
Principal - 6,820,000 - 360,000 7,180,000
Interest and fiscal charges - 2,606,753 - 28,050 2,634,803
Bond issuance costs - 129,135 - 129,135
Total expenditures 50,904,720 9,426,753 2,952,133 4,670,729 67,954,335
Excess (Deficiency) of revenues
under expenditures 6,896,709 (310,839) (531,481) 2,684,731 8,739,120
OTHER FINANCING SOURCES (USES)
Transfers in 2,767,955 - 13,574,649 577,555 16,920,159
Transfers out (12,099,649) - - (2,258,205) (14,357,854)
Proceeds from sale of property 180,277 - - - 180,277
Issuance of long-term debt - - 16,010,000 - 16,010,000
Premium on bonds issued - - 1,126,452 - 1,126,452
Insurance recovery 209,054 - - 3,000 212,054
Total other financing sources (uses) (8,942,363) - 30,711,101 (1,677,650) 20,091,088
Net change in fund balances (2,045,654) (310,839) 30,179,620 1,007,081 28,830,208
Fund balances October 1, 2022 31,684,260 842,926 24,288,325 9,392,601 66,208,112
Fund balances September 30, 2023 29,638,606$ 532,087$ 54,467,945$ 10,399,682$ 95,038,320$
93
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-6
RECONCILIATON OF THE GOVERNMENTAL FUNDS STATEMENT OF
REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE TO
THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
22
Net change in fund balances- total governmental funds. 28,830,208$
Amounts reported for governmental activities in the statement of activities
are different because:
Governmental funds report capital outlays as expenditures. However, in the statement of
activities the cost of those assets is allocated over their estimated useful lives and reported
as depreciation expense.3,822,884
Depreciation and amortization expense on capital assets is reported in the statement of activities
but does not require the use of current financial resources. Therefore, depreciation and
amortization expense is not reported as expenditures in the governmental funds.(11,263,996)
Disposal of capital assets decreases net position in the government-wide financial statements
and gets netted with the proceeds of the sale that is recorded at the fund level statements. (47,859)
The repayment of the principal of long term debt consumes the current financial resources of
governmental funds, but has no effect on net position. The amortization of bond premiums
and deferred gain/loss on refunding of long term debt is reported in statement of activities
but does not require the use of current financial resources. Therefore, the effect of the
amortization of these various items are not reported in the statement of revenues, expenses,
and changes in fund balance.
This amount represents the net effect of the following items:
o Bonds issued ($16,010,000)
o Premium on bonds issued ($1,126,452)
o Prinicipal payments of $7,180,000 on bonds, $78,971 on financed purchases and
$60,239 on leases
o Amortization of premium on bonds of $1,010,653 and deferred loss on refunding of ($375,330)(9,181,919)
GASB 68 requires certain expenditures to be de-expended to account for the changes in pension
liabilities and deferred inflows/outflows. There was an increase in pension liabilities of ($11,999,826),
a decrease in deferred inflows of $4,946,310, and an increase in deferred outflows of $6,014,757.(1,038,759)
GASB 75 requires certain expenditures to be de-expended to account for the changes in OPEB
liabilities and deferred inflows/outflows. There was a decrease in OPEB liabilities of $222,689,
an increase in deferred inflows of ($245,449), and a decrease in deferred outflows of ($27,153).(49,913)
Current year changes in accrued interest payable does not require the use of current
financial resources; and therefore, are not reported as expenditures in governmental funds. (18,234)
Current year changes in the long-term liability for compensated absences do not require
the use of current financial resources; and therefore, are not reported as expenditures in
governmental funds. (453,989)
Governmental funds do not recognize assets contributed by developers. However, in the
statement of activities, the fair market value of those assets is recognized as revenue,
then allocated over the useful life of the assets and reported as depreciation expense.3,212,108
Certain revenues in the government-wide statement of activities that do not provide current
financial resources are not reported as revenue in the governmental funds. 166,731
CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES - statement of activities 13,977,262$
94
01/23/2024 Item 2.
23
95
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
24
Enterprise Fund
Utility Fund
ASSETS
Current assets
Cash and cash equivalents 39,729,970$
Accounts receivables (net of allowances for uncollectibles) 5,333,147
Other receivables 206,186
Inventories, at cost 304,223
Restricted assets
Cash and cash equivalents 5,995,706
Accounts receivable 452,908
Total current assets 52,022,140
Non-current assets
Capital assets:
Land 101,045
Buildings 3,956,304
Waterworks system 57,856,748
Sewer system 45,496,774
Machinery and equipment 3,134,780
Construction in progress 4,247,062
Accumulated depreciation (44,971,642)
Total capital assets (net of accumulated depreciation)69,821,071
Total non-current assets 69,821,071
Total assets 121,843,211
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on refunding 62,220
Pensions 835,811
OPEB 12,677
Total deferred outflows of resources 910,708
96
01/23/2024 Item 2.
EXHIBIT A-7
25
Enterprise Fund
Utility Fund
LIABILITIES
Current liabilities:
Accounts payable 1,159,908$
Retainage payable 219,858
Other payables and accruals 362,836
Compensated absences payable - current 315,219
General obligation bonds payable - current 435,000
Combination bonds - tax and revenue - current 340,000
Financed purchases payable - current 320,345
Accrued interest payable 38,215
Payable from restricted assets
Customer deposits 408,638
Total current liabilities 3,600,019
Non-current liabilities:
General obligation bonds payable 1,445,000
Combination bonds - tax and revenue 6,126,556
Financed purchases payable 2,068,643
Net pension liability 1,731,502
OPEB 43,721
Total noncurrent liabilities 11,415,422
Total liabilities 15,015,441
DEFERRED INFLOWS OF RESOURCES
Pensions 34,907
OPEB 26,957
Total deferred inflows of resources 61,864
NET POSITION
Net investment in capital assets 60,622,382
Restricted for construction 13,602,609
Unrestricted 33,451,623
Total net position 107,676,614$
97
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-8
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND
NET POSITION – PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
26
Enterprise
Fund
Utility Fund
OPERATING REVENUES
Water 14,722,841$
Sewer 14,501,817
Penalties 197,990
Water taps 95,818
Sewer taps 33,692
Reconnect fees 40,650
Total operating revenues 29,592,808
OPERATING EXPENSES
Water purchases 6,338,042
Sewer treatment 7,749,458
Utility administration 399,110
Water department 2,272,603
Sewer department 990,227
Utility billing 1,236,505
Engineering 249,755
Combined services 754,015
Depreciation 2,841,840
Total operating expenses 22,831,555
Operating income 6,761,253
NON-OPERATING REVENUES (EXPENSES)
Investment revenue 1,389,590
Miscellaneous income 142,254
Interest expense (319,217)
Total non-operating revenues (expenses) 1,212,627
Net income before transfers and contributions 7,973,880
TRANSFERS AND CONTRIBUTIONS
Capital contributions 1,539,560
Transfers in 1,000
Impact fees 1,425,631
Transfers out (2,563,305)
Total transfers and contributions 402,886
Change in net position 8,376,766
Net position, October 1 99,299,848
Net position, September 30 107,676,614$
98
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-9
STATEMENT OF CASH FLOWS – PROPRIETARY FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
The accompanying notes to the basic financial statements
are an integral part of this statement.
27
Enterprise Fund
Utility Fund
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 29,068,258$
Cash payments to employees for services (2,447,690)
Cash payments to other suppliers for goods and services (16,473,574)
Net cash provided by operating activities 10,146,994
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Transfers from other funds 1,000
Transfers to other funds (2,563,305)
Net cash used in non-capital financing activities (2,562,305)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Principal and interest paid (1,438,292)
Acquisition or construction of capital assets (3,684,232)
Water and sewer impact fee revenue 1,425,631
Net cash used in capital
and related financing activities (3,696,893)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest and dividends on investments 1,389,590
Net cash provided by investing activities 1,389,590
Net increase in cash and cash equivalents 5,277,386
Cash and cash equivalents at beginning of year 40,448,290
Cash and cash equivalents at end of year 45,725,676$
RECONCILIATION TO STATEMENT OF NET POSITION
Cash and cash equivalents 39,729,970$
Restricted cash and cash equivalents 5,995,706
Total cash and cash equivalents 45,725,676$
RECONCILIATION OF OPERATING INCOME TO NET CASH
PROVIDED BY OPERATING ACTIVITIES
Operating income 6,761,253$
Adjustments to reconcile operating income to net cash
provided by operating activities:
Depreciation expense 2,841,840
Miscellaneous income 142,254
Pension and OPEB expense 872,713
Effects of changes in assets and liabilities:
Decrease (increase) in receivables (746,647)
Decrease (increase) in inventories (3,379)
Decrease (increase) in restricted receivables 212,505
Decrease (increase) in deferred outflows for pensions and OPEB (530,049)
Increase(decrease) in deferred inflows for pensions and OPEB (396,003)
Increase (decrease) in accounts payable 556,244
Increase (decrease) in other payables and other accruals 256,910
Increase (decrease) in compensated absences 99,510
Increase (decrease) in customer deposits 79,843
Total adjustments 3,385,741
Net cash provided by operating activities 10,146,994$
NONCASH ITEMS
Developer contributions of capital assets 1,539,560$
99
01/23/2024 Item 2.
28
100
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
29
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Wylie (the City) was incorporated in 1887. The City operates under a Council-Manager
form of government as a duly incorporated home rule city as authorized under the constitution of the
State of Texas, and provides the following services: public safety (police and fire), streets, water,
sewer and sanitation, public improvements, culture, planning and zoning, parks and recreation, and
general administrative services.
The City reports in accordance with accounting principles generally accepted in the United States of
America (GAAP) as established by the Governmental Accounting Standards Board (GASB) and the
Financial Accounting Standards Board (FASB). The accounting and reporting framework and the
more significant accounting principles and practices are discussed in subsequent sections of this
Note. The remainder of the notes are organized to provide concise explanations, including required
disclosures of budgetary matters, assets, liabilities, fund equity, revenues, expenditures/expenses,
and other information considered important to gaining a clear picture of the City’s financial activities
for the fiscal year ended September 30, 2023.
A. Financial Statement Presentation
The basic financial statements are prepared in conformity with GASB Statement No. 34, which
requires the government-wide financial statements to be prepared using the accrual basis of
accounting and the economic resources measurement focus. Government-wide financial
statements do not provide information by fund, but distinguish between the City’s governmental
activities, business-type activities and activities of its discretely presented component unit on the
statement of net position and statement of activities. Significantly, the City’s statement of net
position includes both noncurrent assets and noncurrent liabilities of the City. In addition, the
government-wide statement of activities reflects depreciation expenses on the City’s capital
assets, including infrastructure.
In addition to the government-wide financial statements, the City has prepared fund financial
statements, which use the modified accrual basis of accounting and the current financial
resources measurement focus for the governmental funds. The accrual basis of accounting is
utilized by proprietary funds. Under this method, revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred.
The City also presents Management’s Discussion and Analysis, which includes an analytical
overview of the City’s financial activities. In addition, a budgetary comparison statement is
presented that compares the original adopted and final amended General Fund budget with
actual results.
B. Financial Reporting Entity
The City's basic financial statements include the accounts of all City operations. In evaluating
how to define the government for financial reporting purposes, management has considered all
entities for which the City is considered to be financially accountable. The City is a home rule
municipality governed by an elected Mayor and six-member City Council, who appoint a City
Manager. As required by GAAP, these financial statements present the City and its component
units, entities for which the City is considered to be financially accountable. The discretely
presented component unit is reported in a separate column in the combined financial statements
to emphasize that it is legally separate from the City.
101
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
30
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
B. Financial Reporting Entity – Continued
Blended Component Unit
The Wylie Park and Recreation Facilities Development Corporation (“the 4B Corporation”) is
presented in the basic financial statements as a blended component unit of the City. The 4B
Corporation’s board is substantively the same as the City Council. All members of the 4B
Corporation other than the board are City employees. The City Manager is the Chief Executive
Operating Officer of the 4B Corporation. The purpose of the 4B Corporation, which is financed
with a voter-approved half-cent sales tax, is to promote economic development within the City
through the construction of park and recreation facilities. The 4B Corporation has a September 30
year-end. The 4B Corporation’s financial budget, treasury, and personnel functions are totally
integrated with the City’s (thus the City has operational responsibility for the 4B Corporation). All
of the 4B Corporation’s financial information is presented in the basic and combining financial
statements along with the notes to these financial statements. The 4B Corporation does not issue
separate financial statements.
Discretely Presented Component Unit
The Wylie Economic Development Corporation (WEDC) is a discretely presented component unit
in the combined financial statements. The governing body of the WEDC is appointed by the City
Council and the WEDC’s operating budget is subject to approval of the City Council. The WEDC’s
board is not substantially the same as the City Council. The purpose of the WEDC, which is
financed with a voter-approved half-cent City sales tax, is to aid, promote and further the
economic development within the City. The WEDC is presented as a governmental fund type and
has a September 30 year-end. Under a contract with the WEDC, the financial, budget, treasury
and personnel functions of the WEDC are integrated with the City. All of WEDC’s financial
information is presented in the combined and combining financial statements along with the notes
to these financial statements. There are no separately issued financial statements of the WEDC.
C. Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide (based on the City as a whole) and
fund financial statements. The government-wide financial statements (i.e., the statement of net
position and the statement of activities) report information on all of the non-fiduciary activities of
the primary government and its component units. Governmental activities, which normally are
supported by taxes and intergovernmental revenues, are reported separately from business-type
activities, which rely on fees and charges for support. Additionally, the primary government is
reported separately from the legally separate component unit for which the primary government is
financially accountable.
The government-wide statement of activities demonstrates the degree to which the direct
expenses of a functional category (Public Safety, Urban Development, etc.) or program are offset
by program revenues. Direct expenses are those that are clearly identifiable with specific function
or program. Program revenues include: a) charges to customers or applicants who purchase,
use, or directly benefit from goods, services, or privileges provided by a given function or
program, b) grants and contributions that are restricted to meeting the operational requirements
of a particular function or program, or c) grants and contributions that are restricted to meeting the
capital requirements of a particular function or program. Taxes and other items not properly
included among program revenues are reported instead as general revenues. Internally
dedicated resources are also reported as general revenues rather than as program revenues.
102
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
31
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
C. Government-Wide and Fund Financial Statements – Continued
Separate fund financial statements are provided for governmental funds and proprietary funds.
Major individual governmental funds and major individual enterprise funds are reported as
separate columns in the fund financial statements. The major governmental funds are the general
fund, the general obligation debt service fund, and the capital projects fund. GASB Statement
No. 34 sets forth minimum criteria (percentage of assets, liabilities, revenues or
expenditures/expenses of either fund category for the governmental and enterprise combined) for
the determination of major funds. The non-major funds are combined in a column in the fund
financial statements. The non-major funds are detailed in the combining section of the financial
statements.
As a general rule, the effect of interfund activity has been eliminated from the government-wide
financial statements. Interfund services provided and used are not eliminated in the process of
consolidation.
Proprietary funds distinguish operating revenues and expenses from non-operating items.
Operating revenues and expenses generally result from providing services and producing and
delivering goods in connection with a proprietary fund’s principal ongoing operations. All revenues
and expenses not meeting this definition are reported as non-operating revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the government’s
policy to use restricted resources first, then unrestricted resources as they are needed.
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting, as are the proprietary fund statements.
Revenues are recorded when earned and expenses are recorded when a liability is incurred,
regardless of the timing of related cash flows. Property taxes are recognized as revenues in the
year for which they are levied. Grants and similar items are recognized as revenue as soon as all
eligibility requirements imposed by the provider have been met. The government-wide and
proprietary fund financial statements follow the accounting set forth by the Governmental
Accounting Standards Board.
Governmental fund level financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized as
soon as they are both measurable and available. Revenues are considered to be available when
they are collectible within the current period or soon enough thereafter to pay liabilities of the
current period. For this purpose, the government considers revenues to be available if they are
collected within 60 days of the end of the current fiscal period. Expenditures generally are
recorded when a liability is incurred, as under accrual accounting. However, debt service
expenditures, as well as expenditures related to compensated absences and claims and
judgments, are recorded only when payment is due. The governmental fund financial statements
follow the accounting set forth by the Governmental Accounting Standards Board.
Property taxes, franchise fees, and interest associated with the current fiscal period are all
considered to be susceptible to accrual and so have been recognized as revenues of the current
fiscal period. Sales taxes collected and held by the State and merchants at year-end on behalf of
the City are also recognized as revenue. All other revenue items are considered to be
measurable and available only when cash is received by the government.
103
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
32
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation –
Continued
Fund Accounting
The following major funds are used by the City:
1. Governmental Funds:
Governmental Funds are those through which most governmental functions of the City are
financed. The acquisition, use and balances of the City's expendable financial resources and
the related liabilities (except those accounted for in proprietary funds) are accounted for
through governmental funds. The measurement focus is on determination of changes in
financial position, rather than on net income determination. The following is a description of
the major Governmental Funds of the City:
a. The General Fund is the operating fund of the City. This fund is used to account for all
financial resources not accounted for in other funds. All general tax revenues and other
receipts that are not restricted by law or contractual agreement to some other fund are
accounted for in this fund. General operating expenditures, fixed charges and capital
improvement costs that are not paid through other funds are paid from the General Fund.
b. The General Obligation Debt Service Fund is used to account for the accumulation of
financial resources for the payment of principal, interest and related costs on general
obligation long-term debt paid from taxes levied by the City.
c. The Capital Projects Fund is used to account for the acquisition or construction of
capital facilities, except those being financed by proprietary funds.
In addition, the City reports the following non-major governmental funds.
a. 4B Sales Tax Revenue Fund accounts for sales tax monies specifically designated for
promoting economic development within the City by developing, implementing, providing
and financing park and recreation projects.
b. Parks Acquisition and Improvement Fund accounts for the development and
improvement of City parks.
c. Fire Training Center Fund accounts for First Responder fees specifically designated for
the construction of the Fire Training Center.
d. Fire Development Fees Fund accounts for contributions specifically designated for use
of the fire department.
e. Municipal Court Technology Fund accounts for court fines specifically designated for
improvements in court technology.
f. Municipal Court Building Security Fund accounts for court fines specifically designated
for additions/improvements to court security.
g. Hotel Tax Fund accounts for occupancy taxes charged to hotels.
104
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
33
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation –
Continued
h. Federal Seizure Fund accounts the City’s share of forfeiture proceeds at the federal
level and is restricted for law enforcement additions/improvements only.
i. Judicial Efficiency Fund accounts court fines specifically restricted to improving the
efficiency of the administration of justice.
j. Truancy Court Fund accounts for court fines designated for the efficiency of Juvenile
Court truancy cases.
k. Municipal Judicial Fund accounts for fines designated for efficiency of the municipal
court.
l. 4B Debt Service Funds account for the accumulation of resources to be used for the
payment of principal and interest on the 4B Sales Tax Revenue Bonds – Series 1996 and
2005.
Governmental funds with legally adopted annual budgets include the General Fund, the
General Obligation Debt Service Fund, two (2) 4B Debt Service Funds, and all special
revenue funds.
2. Proprietary Funds:
Proprietary Funds are accounted for using an economic resources measurement focus. The
accounting objectives are a determination of net income, financial position, and changes in
cash flows. All assets and liabilities associated with a proprietary fund's activities are
included on its statement of net position.
The proprietary funds are financed and operated in a manner similar to private business
enterprise. The costs (expenses, including depreciation) of providing goods or services to the
general public on a continuing basis are financed or recovered primarily through user
charges. Periodic determination of revenues earned, expenses incurred, or net income is
appropriate for capital maintenance, public policy, management control, accountability or
other purposes. The following is a description of the major proprietary fund of the City:
The Utility Fund is used to account for the operations of the water distribution system,
wastewater pumping stations and collection systems. The City contracts with North
Texas Municipal Water District for wastewater treatment.
E. Cash and Cash Equivalents
The City’s cash and cash equivalents are considered to be cash on hand, demand deposits, and
short-term investments with original maturities of three months or less from the date of
acquisition.
State statutes authorize the City to invest in (1) obligations of the United States or its agencies
and instrumentalities; (2) direct obligations of the State of Texas or its agencies; (3) other
obligation, the principal of and interest on which are unconditionally guaranteed or insured by the
State of Texas or the United States; (4) obligations of states, agencies, counties, cities, and other
political subdivisions of any state having been rated as to investment quality by a nationally
recognized investment rating firm and having received a rating of not less than A or its equivalent;
(5) certificates of deposit by state and national banks domiciled in this state that are
(A) guaranteed or insured by the Federal Deposit Insurance Corporation, or its successor; or
(B) secured by obligations that are described by (1), pledged with third party selected or approved
by the City, and placed through a primary government securities dealer.
105
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
34
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
E. Cash and Cash Equivalents - Continued
Investments maturing within one year of date of purchase are stated at cost or amortized cost, all
other investments are stated at fair value which is based on quoted market prices.
F. Inventories and Prepaid Items
Inventory is valued at cost (first-in, first-out). The cost of governmental fund type inventory is
recorded as an expenditure when consumed rather than when purchased. Reported inventories
are equally offset by non-spendable fund balance, which indicates that they do not constitute
"available, spendable resources" even though they are a component of fund balance. The City is
not required to maintain a minimum level of inventory. Inventories in the Proprietary Funds
consist of supplies and are recorded at the lower of cost or market.
Prepaid balances represent payments made by the City for which benefits extend beyond fiscal
year-end, and non-spendable fund balance is reported to signify that a portion of fund balance is
not available for other subsequent expenditures.
G. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at
the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current
portion of interfund loans) or “advances to/from other funds” (i.e. the non-current portion of
interfund loans). All other outstanding balances between funds are reported as “due to/from other
funds.” Any residual balances outstanding between the governmental activities and business-type
activities are reported in the government-wide financial statements as “internal balances.”
Advances between funds, as reported in the fund financial statements, are offset by non-
spendable fund balance in applicable governmental funds to indicate that they are not available
for appropriation and are not expendable available financial resources.
All trade receivables are shown net of an allowance for uncollectibles. Trade accounts receivable
in excess of 60 days comprise the trade accounts receivable allowance for uncollectibles.
H. Restricted Assets
Certain proceeds of enterprise fund revenue bonds, as well as certain resources set aside for
their repayment, are classified as restricted assets on the balance sheet because their use is
limited by applicable bond covenants or contractual agreements. Customer deposits received for
water and wastewater service are, by law, considered to be restricted assets. These balances are
included in the Utility Fund. Certain deposits recorded in the general fund are restricted for
investigative and other purposes.
I. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads,
bridges, sidewalks, and similar items) are reported in the applicable governmental or business-
type activities columns in the government-wide financial statements. Capital assets are defined
by the government as assets with an initial, individual cost of more than $15,000 and an
estimated useful life in excess of two years. Such assets are recorded at historical cost. Donated
capital assets are recorded at acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend assets’ lives are not capitalized.
106
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
35
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
I. Capital Assets – Continued
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Interest incurred during the construction phase of capital assets of business-type activities is
included as part of the capitalized value of the assets constructed.
Capital assets of the primary government, as well as the component units, are depreciated using
the straight line method over the following estimated useful lives:
Assets Years
Buildings 20 - 30
Improvements other than buildings 20 - 50
Machinery and equipment 5 - 20
J. Compensated Absences
It is the City’s policy to permit employees to accumulate earned but unused vacation and sick pay
benefits. A percentage of accrued sick leave is payable on a longevity basis at the time of
termination. All vacation and sick leave is accrued when incurred in the government-wide and
proprietary fund financial statements. A liability for these amounts is reported in governmental
funds only if they have matured, for example, as a result of employee resignations and
retirements.
K. Long-term Obligations
In the government-wide financial statements and proprietary fund financial statements, long-term
debt and other long-term obligations are reported as liabilities in the applicable governmental
activities, business-type activities, or proprietary fund type statement of net position.
Bond premiums and discounts are deferred and amortized over the life of the bonds using the
straight-line method, which approximates the effective interest method. Bonds payable are
reported net of the applicable bond premium or discount. Losses on refunding are deferred and
amortized over the life of the new issuance or the existing debt using the effective interest
method.
In the fund financial statements, governmental fund types recognize bond premiums and
discounts, as well as bond issuance costs, during the current period. The face amount of debt
issued is reported as other financing sources. Premiums received on debt issuances are reported
as other financing sources while discounts on debt issuances are reported as other financing
uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are
reported as debt service expenditures.
L. Pensions and Other Postemployment Benefits (OPEB)
For purposes of measuring the net pension liability, pension related deferred outflows and inflows of
resources and pension expense, City specific information about its Fiduciary Net Position in the
Texas Municipal Retirement System (TMRS) and additions to/deductions from the City’s Fiduciary
Net Position have been determined on the same basis as they are reported by TMRS. For this
purpose, plan contributions are recognized in the period that compensation is reported for the
employee, which is when contributions are legally due. Benefit payments and refunds are
recognized when due and payable in accordance with the benefit terms. Investments are reported
at fair value.
107
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
36
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
L. Pensions and Other Postemployment Benefits (OPEB)– Continued
Information regarding the City’s Total Pension Liability and Total OPEB Liability is obtained from
TMRS through reports prepared for the City by TMRS consulting actuary, Gabriel Roeder Smith
& Company, in compliance with Governmental Accounting Standards Board (GASB) Statement
No. 68, Accounting and Financial Reporting for Pensions and GASB Statement No. 75, Accounting
and Financial Reporting for Postemployment Benefits Other Than Pensions.
M. Leases
The City is a lessee for noncancellable leases of property and equipment. The City recognizes a
lease liability, reported with long-term debt, and a right‐to‐use lease asset (lease asset), reported
with other capital assets, in the government‐wide financial statements. The City recognizes lease
liabilities with an initial, individual value of $5,000 or more.
At the commencement of a lease, the City initially measures the lease liability at the present value
of payments expected to be made during the lease term. Subsequently, the lease liability is reduced
by the principal portion of lease payments made. The lease asset is initially measured as the initial
amount of the lease liability, adjusted for lease payments made at or before the lease
commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on
a straight‐line basis over the shorter of the lease term or its useful life.
Key estimates and judgments related to leases include how the City determines (1) the discount
rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease
payments.
The City uses the interest rate charged by the lessor as the discount rate. When the interest
rate charged by the lessor is not provided, the City generally uses its estimated incremental
borrowing rate as the discount rate for leases.
The lease term includes the noncancellable period of the lease.
Lease payments included in the measurement of the lease liability are composed of fixed
payments, variable payments fixed in substance or that depend on an index or a rate,
purchase option price that the City is reasonably certain to exercise, lease incentives
receivable from the lessor, and any other payments that are reasonably certain of being
required based on an assessment of all relevant factors.
The City monitors changes in circumstances that would require a remeasurement of its leases and
will remeasure the lease asset and liability if certain changes occur that are expected to significantly
affect the amount of the lease liability.
N. Deferred Outflows/Inflows of Resources
In addition to assets and liabilities, the statement of financial position and/or balance sheet will
sometimes report a separate section for deferred outflows and deferred inflows of resources.
Deferred outflows of resources represents a consumption of net assets that applies to a future
period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until
then. The City has the following items that qualify for reporting as deferred outflows:
Deferred Loss on Refunding – these deferred outflows result from the difference in the
carrying value of refunded debt and its reacquisition price. This amount is deferred and
amortized over the shorter of the life of the refunded or refunding debt.
Pensions/ OPEB – these deferred outflows result from pension/OPEB contributions after the
measurement date (deferred and recognized in the following fiscal year) and/or differences
between expected and actual economic experience (amortized over the average remaining
service lives of the members).
108
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
37
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
N. Deferred Outflows/Inflows of Resources - continued
Deferred inflows of resources represent the acquisition of net assets that applies to a future
period(s) and so will not be recognized as an inflow or resources (revenue) until that time. The
City reports certain deferred inflows related to pensions and OPEB on the government-wide
statement of position and unavailable tax revenues at the fund level. Deferred inflows related to
differences between projected and actual investment earnings are amortized over a closed 5-year
period.
O. Fund Equity
The City has adopted the provisions of GASB Statement No. 54, Fund Balance Reporting and
Government Fund Type Definitions. The objective of the statement is to enhance the usefulness
of fund balance information by providing clearer fund balance classifications that can be more
consistently applied and by clarifying the existing government fund type definitions. The
statement establishes fund balance classifications that comprise a hierarchy based primarily on
the extent to which a government is bound to observe constraints imposed upon the use of the
resources reported in governmental funds. Fund balance classifications, under GASB 54 are
Nonspendable, Restricted, Committed, Assigned, and Unassigned.
These classifications reflect not only the nature of funds, but also provide clarity to the level of
restriction placed upon fund balance. Fund balance can have different levels of constraint, such
as external versus internal compliance requirements. Unassigned fund balance is a residual
classification within the General Fund. The General Fund should be the only fund that reports a
positive unassigned balance. In all other funds, unassigned is limited to negative residual fund
balance.
In accordance with GASB 54, the City classifies governmental fund balances as follows:
Nonspendable fund balance – includes amounts that are not in a spendable form or are required
to be maintained intact. (i.e., inventories, prepaid items)
Restricted fund balance – includes amounts that can be spent only for the specific purposes
stipulated by external resource providers either constitutionally or through enabling legislation
(i.e., debt service, capital projects, economic development, municipal court security, municipal
court technology, tourism).
Committed fund balance – includes amounts that can be used only for the specific purposes
determined by a formal action of the government’s highest level of decision-making authority (City
Council). Commitments may be changed or lifted only by the government taking the same formal
action (resolution) that imposed the constraint originally. (i.e., park acquisition and improvement,
recreation, fire training, fire development, public arts).
Assigned fund balance – comprises amounts intended to be used by the government for specific
purposes. Intent can be expressed by the governing body or by an official or body to which the
governing body delegates the authority. The City Council has authorized the City Manager as the
official authorized to assign fund balance to a specific purpose as approved by the fund balance
policy. Assigned fund balance includes balances for streets, renovations, project for public safety
buildings, and law enforcement. Restricted funds for law enforcement must be spent before
assigned monies for law enforcement may be spent.
109
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
38
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
O. Fund Equity – Continued
Unassigned fund balance – is the residual classification of the general fund and includes all
amounts not contained in other classifications. Unassigned amounts are technically available for
any purpose. The general fund is the only fund that reports a positive unassigned fund balance.
In governmental funds other than the general fund, if expenditures incurred for specific purposes
exceed the amounts that are restricted, committed, or assigned to those purposes, it may be
necessary to report a negative unassigned balance in that fund.
Order of Expenditure of Funds – When multiple categories of fund balance are available for
expenditure, the City will start with the most restricted category and spend those funds first before
moving down to the next category with available funds.
Minimum General Fund Unassigned Fund Balance – It is the goal of the City to achieve and
maintain an unassigned fund balance in the general fund equal to 25% of expenditures. The City
considers a balance of less than 20% to be cause for concern, barring unusual or deliberate
circumstances. If unassigned fund balance falls below the goal or has a deficiency, the City will
appropriate funds in future budgets to replenish the fund balance based on a time table deemed
adequate by the City Council.
Net Position – In the statement of net position, the amount of net position restricted for other
consists of the following as of September 30, 2023:
Municipal court 92,294$
Law enforcement 301,190
Total 393,484$
P. Adoption of New Accounting Standards
GASB Statement No. 96, Subscription-Based Information Technology Arrangements (GASB 96),
provides guidance on the accounting and financial reporting for subscription-based information
technology arrangements (SBITAs) for government end users. This statement 1) defines a
SBITA; 2) establishes that a SBITA results in a right-to-use subscription asset – an intangible
asset - and a corresponding subscription liability; 3) provides the capitalization criteria for outlays
other than subscription payments; and 4) requires note disclosures regarding a SBITA. The
requirements of this statement are effective for reporting periods beginning after June 15, 2022,
with earlier application encouraged. GASB 96 was implemented in the City’s 2023 financial
statements with no impact to amounts previously reported.
Q. Subsequent Events
The City has evaluated all events or transactions that occurred after September 30, 2023 up
through January 17, 2024, the date the financial statements were issued.
NOTE 2. CASH AND INVESTMENTS
At year end, the carrying amount of the City’s deposits was $123,866,700 and the bank balance was
$126,410,179. All of the bank balances were covered by Federal deposit insurance and collateralized
by the pledging financial institution’s City’s safekeeping account at the Federal Reserve or held by a
third party custodian. The custodian serves contractually as the City’s agent.
110
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
39
NOTE 2. CASH AND INVESTMENTS – CONTINUED
Cash and investments as of September 30, 2023 consist of and are classified in the accompanying
financial statements as follows:
Statement of net position:
Primary Government
Cash and cash equivalents 138,304,628$
Restricted cash and cash equivalents 6,017,611
Total Primary Government 144,322,239
Component Unit
Cash and cash equivalents 12,625,716
Total cash and investments 156,947,955$
Cash on hand 58,296$
Deposits with financial institution 123,866,700
Investments 33,022,959
Total cash and investments 156,947,955$
The table below identifies the investment types that are authorized for the City by the Public Funds
Investment Act. (Government Code Chapter 2256) The table also identifies certain provisions of the
City’s investment policy that address interest rate risk, credit risk, and concentration of credit risk.
Maximum Maximum
Authorized Maximum Percentage Investment
Investment Type Maturity of Portfolio In One Issuer
U.S. Treasury obligations 5 years 100% None
U.S. Agency obligations 5 years 100% None
Certificates of deposit 18 months 25% None
Direct repurchase agreements 2 years 100% None
Investment pools 90 days None None
Disclosures relating to interest rate risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value
of an investment. Generally, the longer the maturity of an investment the greater the sensitivity of
its fair value to changes in market interest rates.
In accordance with its investment policy, the City manages its exposure to declines in fair value
by limiting the weighted average maturity of its portfolio to less than three years.
111
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
40
NOTE 2. CASH AND INVESTMENTS – CONTINUED
Disclosures relating to interest rate risk – Continued
As of September 30, 2023, the City had the following investments:
Weighted
Average
Amount Maturity
TexPool 16,228,216$ 28 Days
TexStar 16,794,743 29 Days
33,022,959$
Investment Type
Disclosures relating to credit risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the
holder of the investment. This is measured by the assignment of a rating by a nationally
recognized statistical rating organization. Presented below is the minimum rating required by
(where applicable) the Public Funds Investment Act, the City’s investment policy, or debt
agreements, and the actual rating as of year-end for each investment type.
Minimum Rating as
Legal of Year
Amount Rating End
TexPool 16,228,216$ N/A AAA-m
TexStar 16,794,743 N/A AAA-m
33,022,959$
Investment Type
Concentration of credit risk
The City’s investment policy does not allow for an investment in any one issuer (other than
investment pools) that is in excess of five percent of the fair value of the City’s total investments.
Custodial credit risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial
institution, a government will not be able to recover its deposits or will not be able to recover
collateral securities that are in the possession of an outside party. The custodial credit risk for
investments is the risk that, in the event of the failure of the counterparty to a transaction, a
government will not be able to recover the value of its investment or collateral securities that are
in the possession of another party. The Public Funds Investment Act does not contain legal or
policy requirements that would limit the exposure to custodial credit risk for deposits or
investments, other than the following provision for deposits:
The Public Funds Investment Act requires that a financial institution secure deposit made by state
or local governmental units by pledging securities in an undivided collateral pool held by a
depository regulated under state law (unless so waived by the governmental unit). The fair value
of the pledged securities in the collateral pool must equal at least the bank balance less the FDIC
insurance at all times.
112
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
41
NOTE 2. CASH AND INVESTMENTS – CONTINUED
Custodial credit risk – Continued
The City requires all deposits to be covered by Federal Depository Insurance Corporation (FDIC)
insurance and/or collateralized by qualified securities pledged by the City’s depository in the
City’s name and held by the depository’s agent.
The City categorizes its fair value measurements within the fair value hierarchy established by
generally accepted accounting principles. GASB Statement No. 72, Fair Value Measurement and
Application provides a framework for measuring fair value which establishes a three-level fair
value hierarchy that describes the inputs that are used to measure assets and liabilities .
Level 1 inputs are quoted prices (unadjusted) for identical assets or liabilities in active
markets that a government can access at the measurement date.
Level 2 inputs are inputs—other than quoted prices included within Level 1—that are
observable for an asset or liability, either directly or indirectly.
Level 3 inputs are unobservable inputs for an asset or liability.
The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level
3 inputs. If a price for an identical asset or liability is not observable, a government should
measure fair value using another valuation technique that maximizes the use of relevant
observable inputs and minimizes the use of unobservable inputs. If the fair value of an asset or a
liability is measured using inputs from more than one level of the fair value hierarchy, the
measurement is considered to be based on the lowest priority level input that is significant to the
entire measurement.
The City has no recurring fair value measurements.
As of September 30, 2023 the City deposits with financial institutions in excess of federal
depository insurance limits were fully collateralized.
The City is a voluntary participant in TexPool. The State Comptroller of Public Accounts exercises
responsibility over TexPool. Oversight includes the ability to significantly influence operations,
designation of management, and accountability for fiscal matters. Additionally, the State
Comptroller has established an advisory board composed of both participants in TexPool and
other persons who do not have a business relationship with TexPool. TexPool operates in a
manner consistent with the SEC’s Rule2A7 of the Investment Company Act of 1940. TexPool
uses amortized cost rather than the fair value to report net assets to compute share prices.
Accordingly, the fair value of the position in TexPool is the same as the value of TexPool shares.
There are no significant limitations or restrictions on participant withdrawals.
TexStar is administered by First Southwest Asset Management, Inc. and JPMorgan Chase.
Together these organizations bring to the TexStar program the powerful partnership of two
leaders in financial services with a proven and noted track record in local government investment
pool management. TexStar is a local government investment pool created under the Interlocal
Cooperation Act specifically tailored to meet Texas state and local government investment
objectives of preservation of principal, daily liquidity, and competitive yield. TexStar uses
amortized costs rather than fair value to report net position to compute share prices. Accordingly,
the fair value of the position in TexStar is the same as the value of TexStar shares. There are no
significant limitations or restrictions on participant withdrawals.
113
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
42
NOTE 3. PROPERTY TAXES
The City’s property tax is levied each October 1 on the assessed value listed as of the prior January 1
for all real and certain personal property located within the City. Appraised values are established by
the Collin County Central Appraisal District at 100% of estimated market value and certified by the
Appraisal Review Board. The assessed value upon which the tax year 2022 levy was based was
$6,199,028,298. Taxes are due on October 1 and are delinquent after the following January 31.
The City is permitted by Article XI, Section 5 of the State of Texas Constitution to levy taxes up to
$2.50 per $100 of assessed valuation for general governmental services, including the payment of
principal and interest on general obligation long-term debt. The combined tax rate to finance general
governmental services including the payment of principal and interest on long-term debt for the year
ended September 30, 2023 was $0.56233 per $100 of assessed valuation.
In Texas, countywide central appraisal districts are required to assess all property within the appraisal
district on the basis of 100% of its appraised value and are prohibited from applying any assessment
ratios. The value of property within the appraisal district must be reviewed every five years; however,
the City may, at its own expense, require annual reviews of appraised values.
The City may challenge appraised values established by the appraisal district through various
appeals and, if necessary, legal action. Under this legislation, the City continues to set tax rates on
City property. However, if the no new revenue tax rate, excluding tax rates for bonds and other
contractual obligations, adjusted for new improvements, exceeds the rate for the previous year by
more than 3.5%, it triggers an automatic election to determine whether to limit the tax rate to no more
than 3.5% above the tax rate of the previous year.
NOTE 4. RECEIVABLES
Year-end receivables balances for the City’s individual major funds and nonmajor funds in the
aggregate, including the applicable allowances for uncollectible accounts, are as follows:
Business-Type
Governmental Funds General
General
Obligation Debt
Service
Non Major
Governmental
Funds Total Utility
Receivables
Property taxes 363,618$ 128,225$ -$ 491,843$ -$
Franchise taxes 1,054,563 - - 1,054,563 -
Sales taxes 1,689,050 - 836,162 2,525,212 -
Accounts 805,909 - - 805,909 7,279,152
Other 891,007 - 149,623 1,040,630 206,186
Gross receivables 4,804,147 128,225 985,785 5,918,157 7,485,338
Less: allowance (432,790) (31,128) - (463,918) (1,946,005)
Net total receivables 4,371,357$ 97,097$ 985,785$ 5,454,239$ 5,539,333$
Governmental Activities
The Enterprise Fund accounts receivable balance includes unbilled charges for services rendered of
$2,974,571 at September 30, 2023.
Receivables in the discretely presented component unit consist of $836,162 of sales taxes receivable
due from the State and $120,000 in loans receivable from private businesses. If certain contractual
obligations are met by some of these private businesses at a future date, a portion and/or all of the
amounts owed from the private businesses may be forgiven.
114
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
43
NOTE 5. CAPITAL ASSETS
Capital asset activity for the year ended September 30, 2023 was as follows:
Primary Government
Beginning Ending
Balance Increases Decreases Transfers Balance
Governmental activities:
Capital assets not being depreciated/amortized:
Land 43,090,692$ 919,076$ -$ -$ 44,009,768$
Other non-depreciable assets 1,231,294 - - - 1,231,294
Construction in progress 4,678,918 2,052,327 - (211,346) 6,519,899
Total capital assets, not being depreciated/amortized 49,000,904 2,971,403 - (211,346) 51,760,961
Capital assets being depreciated/amortized:
Buildings 73,908,154 284,226 - 94,093 74,286,473
Improvements other than buildings 232,493,243 2,811,162 - - 235,304,405
Right-to-use asset - machinery and equipment 138,809 - - - 138,809
Machinery and equipment 19,548,295 968,201 (586,967) 117,253 20,046,782
Total capital assets being depreciated/amortized 326,088,501 4,063,589 (586,967) 211,346 329,776,469
Less accumulated depreciation/amortization for:
Buildings (20,621,922) (2,531,717) - - (23,153,639)
Improvements other than buildings (113,994,509) (7,736,279) - - (121,730,788)
Right-to-use asset - machinery and equipment (59,632) (60,420) - - (120,052)
Machinery and equipment (13,305,906) (935,580) 539,108 - (13,702,378)
Total accumulated depreciation/amortization (147,981,969) (11,263,996) 539,108 - (158,706,857)
Total capital assets
being depreciated/amortized, net 178,106,532 (7,200,407) (47,859) 211,346 171,069,612
Governmental activities capital assets, net 227,107,436$ (4,229,004)$ (47,859)$ -$ 222,830,573$
Beginning Ending
Balance Increases Decreases Transfers Balance
Business-type activities:
Capital assets not being depreciated:
Land 101,045$ -$ -$ -$ 101,045$
Construction in progress 982,791 3,264,271 - - 4,247,062
Total capital assets, not being depreciated 1,083,836 3,264,271 - - 4,348,107
Capital assets being depreciated:
Buildings 3,956,304 - - - 3,956,304
Water system 57,206,440 650,308 - - 57,856,748
Sewer system 44,307,911 1,188,863 - - 45,496,774
Machinery and equipment 3,173,792 120,349 (159,361) - 3,134,780
Total capital assets being depreciated 108,644,446 1,959,520 (159,361) - 110,444,606
Less accumulated depreciation for:
Buildings (1,346,061) (132,710) - - (1,478,771)
Water system (20,025,551) (1,403,487) - - (21,429,038)
Sewer system (18,854,097) (1,074,736) - - (19,928,833)
Machinery and equipment (2,063,454) (230,907) 159,361 - (2,135,000)
Total accumulated depreciation (42,289,163) (2,841,840) 159,361 - (44,971,642)
Total capital assets being depreciated, net 66,355,283 (882,320) - - 65,472,964
Business-type activities capital assets, net 67,439,119$ 2,381,951$ -$ -$ 69,821,071$
115
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
44
NOTE 5. CAPITAL ASSETS – CONTINUED
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental Activities:
General government 2,455,969$
Public safety 1,153,786
Streets 6,136,685
Community service 1,517,556
Total depreciation/amortization expense - governmental activities 11,263,996$
Business-type activities:
Water and Sewer 2,841,840$
Construction Commitments
The City has active construction projects as of September 30, 2023. The projects include
construction, park improvements, and drainage improvements.
Commitments for construction in progress are composed of the following:
Project
Funding
Source
Project Budget
Appropriation Spent-to-date
Remaining
Commitment
McMillen Road (A), (C), (D) 26,890,000$ 2,403,389$ 24,486,611$
Stone Road Phase 3 (A), (C), (D) 14,800,000 927,757 13,872,243
Park Boulevard (A), (C), (D) 12,000,000 623,061 11,376,939
Eubanks Road (E), (G) 2,011,000 530,753 1,480,247
Dog Park & Splash Pads (B) 2,000,000 673,383 1,326,617
Ballard Elevated Storage Tanks (G), (H) 5,260,000 2,686,705 2,573,295
Pump Generators (F) 1,342,000 877,544 464,456
Total 64,303,000$ 8,722,592$ 55,580,408$
(A) General Obligation Bonds (D) Future Bonds Issuances (G) Impact Fees
(B) GFFB Community Investment (E) NTMWD Interlocal Agreement(H) Certificates of Obligation
(C) County Proceeds (F) Utility Fund Revenue
116
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
45
NOTE 6. TRANSFERS AND INTERFUND RECEIVABLES AND PAYABLES
Transfers are used to provide funds for debt service, contributions for capital construction, cost
allocations and other operational costs as determined by the City’s annual budget. Transfers between
funds during the year were as follows:
Transfer In Transfer Out Amount Purpose
General fund Utility fund 2,563,305$ To cover indirect costs associated with utility fund operations
General fund Nonmajor governmental funds 204,650 To cover costs associated with City events
Capital projects fund General fund 12,099,649 To cover costs associated with capital road construction projects
Capital projects fund Nonmajor governmental funds 1,475,000 For capital projects associated with community investment and infrastructure
Utility fund Nonmajor governmental funds 1,000 To cover costs associated with City events
Nonmajor governmental funds Nonmajor governmental funds 577,555 To 4B debt service fund to cover annual debt service payments and park improvements
Total 16,921,159$
NOTE 7. UNEARNED REVENUE/DEFERRED INFLOWS OF RESOURCES
Governmental funds report deferred inflows of resources in connection with receivables for revenue
that is not considered to be available to liquidate liabilities of the current period. Governmental funds
also defer revenue recognition in connection with resources that have been received, but not yet
earned (unearned revenue). At the end of the current fiscal year, the various components of
unearned revenue and deferred inflows of resources reported in the governmental funds were as
follows:
General Non major
General Obligation Capital Governmental
Fund Debt Service Projects Fund Funds Total
Deferred inflows of resources:
Property taxes 304,100$ 104,922$ -$ -$ 409,022$
Court fines 173,802 - - - 173,802
Franchise fees 921,530 - - - 921,530
Total 1,399,432$ 104,922$ -$ -$ 1,504,354$
Unearned revenue:
Advance construction payment -$ -$ 4,192,303$ -$ 4,192,303$
Recreation center memberships - - - 59,724 59,724
Total -$ -$ 4,192,303$ 59,724$ 4,252,027$
117
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
46
NOTE 8. LONG-TERM DEBT
General Obligation Bonds, Combination Tax and Revenue Bonds, Financed Purchases
Payable and Leases
The City of Wylie issues general obligation bonds and combination tax and revenue bonds and
enters into financed purchase and lease agreements to provide funds for the acquisition and
construction of major capital facilities and equipment. Financed purchase agreements have been
entered into for equipment purchased for governmental activities and for a water meter project for
business-type activities. These issues are direct obligations and pledge the full faith and credit of
the City.
Final Interest Business-
General Obligation Bonds Maturity Rates Governmental Type
$7,400,000 Series 2013
Refunding 2029 1.50 - 3.00% 1,620,000$ -$
$21,240,000 Series 2015
Refunding 2027 2.00 - 5.00% 9,880,000 -
$34,250,000 Series 2016
Refunding 2028 2.00 - 5.00% 16,675,000 1,880,000
$4,855,000 Series 2021
Refunding 2028 3.00 - 4.00% 3,555,000 -
$12,005,000 Series 2022 2042 3.00 - 4.00% -
Refunding & Improvement 11,880,000
$16,010,000 Series 2023 2043 4.00 - 5.00%
General Obligation Bonds 16,010,000 -
Total General Obligation Bonds 59,620,000$ 1,880,000$
118
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
47
NOTE 8. LONG-TERM DEBT – CONTINUED
General Obligation Bonds, Combination Tax and Revenue Bonds, Financed Purchases
Payable and Leases- Continued
Final Interest Business-
Combination Tax and Revenue Bonds Maturity Rates Governmental Type
$7,175,000 Series 2017
Improvements 2025 2.00 - 4.00% -$ 6,065,000$
$8,500,000 Series 2018
Improvements 2038 1.75 - 3.375% 7,000,000 -
$5,310,000 Series 2021
Improvements 2031 1.50 - 4.00% 4,980,000 -
Total Combination Tax and Revenue Bonds 11,980,000$ 6,065,000$
During 2023, the City issued $16,010,000 of General Obligation Bonds, Series 2023. Proceeds from
the sale of the bonds will be used for various capital projects throughout the city.
Financed Purchases
The City reports one financed purchase outstanding for governmental activities used to acquire public
safety equipment. The City entered into a financed purchase agreement on November 12, 2019 for
$384,243 at an interest rate of 3.85% to acquire equipment with principal and interest payments of
$85,170 due on September 15 starting in 2020 and ending in 2024. The carrying value of the assets
acquired through financed purchases by governmental activities at September 30, 2023 was
$331,983.
Business type activities reports a $3,333,667 financed purchase agreement entered into on June 30,
2020 for the City’s meter replacement project. Principal and interest payments of $370,597 are due
on March 1 starting in 2021 until 2030. The carrying amount of the assets acquired through financed
purchases by business-type activities at September 30, 2023 was $3,167,039.
Final Interest Business-
Financed Purchases Maturity Rates Governmental Type
Watchguard Law Enforcement Equipment 2024 3.85% 82,012$ -$
Meter Project Replacement 2030 2.10% - 2,388,988
Total Financed Purchases 82,012$ 2,388,988$
Leases
The City has entered into lease agreements as a lessee. The leases allow the right to use copiers
and postage machines over the term of the leases. The City is required to make monthly payments at
its incremental borrowing rate or the interest rate stated or implied within the leases. The lease rate,
term and ending balance are as follows:
119
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
48
NOTE 8. LONG-TERM DEBT – CONTINUED
General Obligation Bonds, Combination Tax and Revenue Bonds, Financed Purchases
Payable and Leases- Continued
Final Interest Liability at Ending
Governmental Activities - Leases Maturity Rate(s) Commencement Balance
Copiers 2024 1.58% 127,675$ 14,420$
Postage machine 2025 2.04% 11,134 4,870
138,809$ 19,290$
Changes in Long-term Liabilities:
A summary of long-term debt transactions, including current portion, for the year ended
September 30, 2023, is as follows:
Amount
Beginning Ending Due within
Balance Additions Reductions Balance One year
Governmental activities:
General obligation bonds 50,250,000$ 16,010,000$ (6,640,000)$ 59,620,000$ 7,470,000$
Combination tax and revenue bonds 12,520,000 - (540,000) 11,980,000 560,000
Unamortized bond premium 6,167,526 1,126,452 (1,010,653) 6,283,325 -
Total bonds payable 68,937,526 17,136,452 (8,190,653) 77,883,325 8,030,000
Financed purchases payable 160,983 - (78,971) 82,012 82,012
Leases 79,529 - (60,239) 19,290 17,648
Compensated absences 2,999,365 2,456,672 (2,002,683) 3,453,354 1,489,258
OPEB liability 703,382 - (222,689) 480,693 -
Net pension liability 7,036,974 11,999,826 - 19,036,800 -
Total governmental activities 79,917,759$ 31,592,950$ (10,555,235)$ 100,955,474$ 9,618,918$
Amount
Beginning Ending Due within
Balance Additions Reductions Balance One year
Business-type activities:
General obligation bonds 2,295,000$ -$ (415,000)$ 1,880,000$ 435,000$
Combination tax and revenue bonds 6,395,000 - (330,000) 6,065,000 340,000
Unamortized bond premium 473,032 - (71,476) 401,556 -
Total bonds payable 9,163,032 - (816,476) 8,346,556 775,000
Financed purchases payable 2,702,733 - (313,745) 2,388,988 320,345
Compensated absences 215,709 241,485 (141,975) 315,219 315,219
OPEB liability 65,471 - (21,750) 43,721 -
Net pension liability 837,039 894,463 1,731,502 -
Total business-type activities 12,983,984$ 1,135,948$ (1,293,946)$ 12,825,986$ 1,410,564$
120
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
49
NOTE 8. LONG-TERM DEBT – CONTINUED
Changes in Long-term Liabilities - continued
The annual aggregate maturities for each long-term liability type are as follows:
General Obligation Bonds
Fiscal Year Ending
September 30, Principal Interest Total Principal Interest Total
2024 7,470,000$ 2,534,575$ 10,004,575$ 435,000$ 83,125$ 518,125$
2025 7,865,000 2,145,675 10,010,675 460,000 60,750 520,750
2026 7,860,000 1,781,675 9,641,675 480,000 37,250 517,250
2027 8,245,000 1,402,225 9,647,225 505,000 12,625 517,625
2028 8,875,000 1,009,150 9,884,150 - -
2029 - 2033 6,580,000 3,189,975 9,769,975 - - -
2034 - 2038 5,900,000 1,942,350 7,842,350 - - -
2039 - 2043 6,825,000 648,025 7,473,025 - - -
Total 59,620,000$ 14,653,650$ 74,273,650$ 1,880,000$ 193,750$ 2,073,750$
Governmental Activities Business Activities
Combination Tax and Revenue Bonds
Fiscal Year Ending
September 30, Principal Interest Total Principal Interest Total
2024 560,000$ 350,988$ 910,988$ 340,000$ 204,919$ 544,919$
2025 585,000 328,087 913,087 350,000 191,119 541,119
2026 605,000 304,287 909,287 360,000 176,919 536,919
2027 630,000 279,587 909,587 370,000 162,319 532,319
2028 650,000 253,987 903,987 385,000 147,219 532,219
2029 - 2033 3,655,000 925,340 4,580,340 2,175,000 520,433 2,695,433
2034 - 2038 4,305,000 388,019 4,693,019 2,085,000 143,099 2,228,099
2039 - 2043 990,000 26,163 1,016,163 - - -
Total 11,980,000$ 2,856,458$ 14,836,458$ 6,065,000$ 1,546,027$ 7,611,027$
Governmental Activities Business Activities
Financed Purchases
Fiscal Year Ending
September 30, Principal Interest Total Principal Interest Total
2024 82,012$ 3,157$ 85,169$ 320,345$ 50,253$ 370,598$
2025 - - - 327,083 43,514 370,597
2026 - - - 333,963 36,634 370,597
2027 - - - 340,988 29,609 370,597
2028 - 2030 - - - 1,066,609 45,184 1,111,793
Total 82,012$ 3,157$ 85,169$ 2,388,988$ 205,194$ 2,594,182$
Governmental Activities Business Activities
Leases
Fiscal Year Ending
September 30, Principal Interest Total Principal Interest Total
2024 17,648$ 104$ 17,752$ -$ -$ -$
2025 1,642 10 1,652 - - -
2026 - - - - - -
Total 19,290$ 114$ 19,404$ -$ -$ -$
Governmental Activities Business Activities
Compensated Absences
Compensated absences represent the estimated liability for employees’ accrued sick and
vacation leave for which employees are entitled to be paid upon termination. The retirement of
this liability is typically paid from the General Fund and Enterprise Funds based on the
assignment of an employee at termination.
121
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
50
NOTE 8. LONG-TERM DEBT – CONTINUED
Net Pension Liability/ OPEB liability
The general fund has typically been used to liquidate governmental activities’ pension and OPEB
liabilities.
Discretely Presented Component Unit – Wylie Economic Development Corporation (WEDC )
The following is a summary of WEDC long-term transactions for the year ended September 30,
2023:
Balance Balance Due Within
Description 9/30/2022 Increases Decreases 9/30/2023 One Year
Loans payable 16,058,167$ -$ (575,973)$ 15,482,194$ 600,096$
Compensated Absences 34,566 38,561 (25,323) 47,804 47,804
OPEB liability 11,882 - (5,990) 5,892 -
Net pension liability 124,687 108,637 - 233,324 -
Total long-term liabilities 16,229,302$ 147,198$ (607,286)$ 15,769,214$ 647,900$
WEDC Loans Payable as of September 30, 2023 are as follows:
Description Balance
$300,000, payable to bank, made September 2016, payable in monthly installments of $3,109,
including interest at 4.50%, through final payment in December 2026.
112,612$
$8,100,000, payable to bank, made October 2021, payable in monthly installments of $46,940
through October 2041, including interest at 3.48%
7,551,645
$8,100,000, payable to bank, made August 2022, payable in monthly installments of $52,617
through July 2042, including interest at 4.80%
7,817,937
15,482,194$
Annual debt service requirements to maturity for WEDC debt is:
Year Principal Interest Total
2024 600,096$ 631,902$ 1,231,998$
2025 625,254 606,744 1,231,998
2026 651,493 580,504 1,231,997
2027 650,457 553,559 1,204,016
2028 668,017 538,654 1,206,671
2029 - 2033 3,784,485 2,201,360 5,985,845
2034 - 2038 4,651,047 1,287,869 5,938,916
2039 - 2043 3,851,345 305,833 4,157,178
Total 15,482,194$ 6,706,425$ 22,188,619$
122
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
51
NOTE 9. PENSION PLAN
A. Plan Description
The City participates as one of 919 plans in the defined benefit cash-balance plan administered
by the Texas Municipal Retirement System (TMRS). TMRS is statewide public retirement plan
created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G,
Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement
system for employees of Texas participating cities. The TMRS Act places the general
administration and management of TMRS with a six-member Governor-appointed Board of
Trustees; however, TMRS is not fiscally dependent on the State of Texas. TMRS issues a
publicly available annual comprehensive financial report (Annual Report) that can be obtained at
www.tmrs.com.
All eligible employees of the City are required to participate in TMRS.
B. Benefits Provided
TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the
governing body of the City, within the options available in the state statutes governing TMRS.
At retirement, the Member’s benefit is calculated based on the sum of the Member’s
contributions, with interest, and the city-financed monetary credits with interest. The retiring
Member may select one of seven monthly-benefit payments options. Members may also choose
to receive a portion of their benefit as a lump sum distribution in an amount equal to 12, 24, or 36
monthly payments, which cannot exceed 75% of the member’s deposits and interest.
At the date the plan began, the City granted monetary credits for service rendered before the plan
began of a theoretical amount at least equal to two times what would have been contributed by
the employee, with interest, prior to establishment of the plan. Monetary credits for service since
the plan began are a percent (100%, 150%, or 200%) of the employee's accumulated
contributions. In addition, the City can grant, as often as annually, another type of monetary credit
referred to as an updated service credit which is a theoretical amount which, when added to the
employee's accumulated contributions and the monetary credits for service since the plan began,
would be the total monetary credits and employee contributions accumulated with interest if the
current employee contribution rate and city matching percent had always been in existence and if
the employee's salary had always been the average of his salary in the last three years that are
one year before the effective date. At retirement, the benefit is calculated as if the sum of the
employee's accumulated contributions with interest and the employer-financed monetary credits
with interest were used to purchase an annuity.
Members can retire at ages 60 and above with 5 or more years of service or with 20 years of
service. A member is vested after 5 years. The plan provisions are adopted by the governing
body of the City, within the options available in the state statutes governing TMRS and within the
actuarial constraints also in the statutes.
123
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
52
NOTE 9. PENSION PLAN – CONTINUED
At the December 31, 2022 valuation and measurement date, the following employees were
covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefits 133
Inactive employees entitled to but not yet receiving benefits 239
Active employees 373
745
C. Contributions
Member contribution rates in TMRS are either 5%, 6%, or 7% of Member’s total compensation,
and the city matching percentages are either 100%, 150%, or 200%, both as adopted by the
governing body of the city. Under the state law governing TMRS, the contribution rate for each
city is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost
method. The City’s contribution rate is based on the liabilities created from the benefit plan
options selected by the City and any changes in benefits or actual experience over time.
Employees for the City were required to contribute 7.0% of their annual compensation during the
fiscal year. The contribution rates for the City were 15.27% and 14.96% in calendar years 2022
and 2023, respectively. The City’s contributions to TMRS for the year ended September 30, 2023
(including $52,556 of contributions by WEDC) were $4,410,196, and were equal to the required
contributions.
D. Net Pension Liability
The City’s Net Pension Liability (NPL) was measured as of December 31, 2022 and the Total
Pension Liability (TPL) used to calculate the NPL was determined by an actuarial valuation as of
that date.
Actuarial Assumptions:
The Total Pension Liability in the December 31, 2022 actuarial valuation was determined
using the following actuarial assumptions:
Inflation 2.50% per year
Overall payroll growth 2.75% per year, adjusted down for population declines, if any
Investment Rate of Return 6.75%, net of pension plan investment expense, including inflation
Actuarial cost method Entry Age Normal
Amortization Method Level percentage of payroll; closed
Salary increases are based on a service-related table. Mortality rates for active members are
based on the PUB(10) mortality tables with the Public Safety table used for males and the
General Employee table used for females. Mortality rates for healthy retirees and
beneficiaries are based on the Gender-distinct 2019 Municipal Retirees of Texas mortality
tables. The rates for actives, healthy retirees and beneficiaries are projected on a fully
generational basis by Scale UMP to account for future mortality improvements. For disabled
annuitants, the same mortality tables for healthy retirees are used with a 4- year set-forward
for males and a 3-year set-forward for females. In addition, a 3.5% and 3.0% minimum
mortality rate is applied for males and females, respectively, to reflect the impairment for
124
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
53
NOTE 9. PENSION PLAN – CONTINUED
D. Net Pension Liability - Continued
younger members who become disabled. The rates are projected on a fully generational
basis by Scale UMP to account for future mortality improvements subject to the floor.
The actuarial assumptions were developed primarily from the actuarial investigation of the
experience of TMRS over the four-year period from December 31, 2014 to December 31,
2018. The assumptions were adopted in 2019 and first used in the December 31, 2019
actuarial valuation. The post-retirement mortality assumption for Annuity Purchase Rates
(APRs) is based on Mortality Experience Investigation Study covering 2009 through 2011 and
dated December 31, 2013, Plan assets are managed on a total return basis with an emphasis
on both capital appreciation as well as the production of income to satisfy the short-term and
long-term funding needs of TMRS.
The long-term expected rate of return on pension plan investments was determined using a
building-block method in which best estimate ranges of expected future real rates of return
(expected returns, net of pension plan investment expense and inflation) are developed for
each major asset class. These ranges are combined to produce the long-term expected rate
of return by weighting the expected future real rates of return by the target asset allocation
percentage and by adding expected inflation. In determining their best estimate of a
recommended investment return assumption under the various alternative asset allocation
portfolios, GRS focused on the area between (1) arithmetic mean (aggressive) without an
adjustment for time (conservative) and (2) the geometric mean (conservative) with an
adjustment for time (aggressive).
The target allocation and best estimates of arithmetic real rates of return for each major asset
class in fiscal year 2023 are summarized in the following table:
Long-Term
Expected Real
Target Rate of Return
Asset Class Allocation (Arithmetic)
Global Equity 35.0% 7.7%
Core Fixed Income 6.0% 4.9%
Non-Core Fixed Income 20.0% 8.7%
Other Public/Private Mkts 12.0% 8.1%
Real Estate 12.0% 5.8%
Hedge Funds 5.0% 6.9%
Private Equity 10.0% 11.8%
Total 100.0%
Discount Rate
The discount rate used to measure the Total Pension Liability was 6.75%. The projection of
cash flows used to determine the discount rate assumed that Member and employer
contributions will be made at the rates specified in statute. Based on that assumption, the
pension plan’s Fiduciary Net Position was projected to be available to make all projected
future benefit payments of current active and inactive employees. Therefore, the long-term
expected rate of return on pension plan investments was applied to all periods of projected
benefit payments to determine the Total Pension Liability.
125
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
54
NOTE 9. PENSION PLAN - CONTINUED
D. Net Pension Liability – Continued
Changes in the Net Pension Liability
Total Plan Net
Pension Fiduciary Pension
Liability Net Position Liability
(a) (b) (a) - (b)
Balance at 12/31/21 100,185,335$ 92,186,635$ 7,998,700$
Changes for the year:
Service Cost 4,679,641 - 4,679,641
Interest 6,808,244 - 6,808,244
Change of benefit terms - -
Difference between expected and -
actual experience 628,699 - 628,699
Changes of assumptions - - -
Contributions - employer - 4,019,003 (4,019,003)
Contributions - employee - 1,829,005 (1,829,005)
Net investment income - (6,745,606) 6,745,606
Benefit payments, including refunds
of employee contributions (3,324,552) (3,324,552) -
Administrative expense - (58,231) 58,231
Other changes - 69,487 (69,487)
Net Changes 8,792,032 (4,210,894) 13,002,926
Balance at 12/31/22 108,977,367$ 87,975,741$ 21,001,626$
Increase (Decrease)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate
The following presents the net pension liability of the City, calculated using the discount rate
of 6.75%, as well as what the City’s net pension liability would be if it were calculated using a
discount rate that is 1 percentage-point lower (5.75%) or 1 percentage-point higher (7.75%)
than the current rate:
1% Decrease 1% Increase
in Discount Discount in Discount
Rate (5.75%) Rate (6.75%) Rate (7.75%)
City 38,811,962$ 20,768,302$ 6,233,916$
WEDC 436,038 233,324 70,036
Total 39,248,000$ 21,001,626$ 6,303,952$
Pension Plan Fiduciary Net Position
Detailed information about the pension plan’s Fiduciary Net Position is available in the
Schedule of Changes in Fiduciary Net Position, by Participating City. That report may be
obtained at www.tmrs.com.
126
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
55
NOTE 9. PENSION PLAN – CONTINUED
E. Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Related to Pensions
For the year ended September 30, 2023, the City recognized pension expense of $966,980
(including $18,440 recognized by WEDC). At September 30, 2023, the City reported deferred
outflows of resources and deferred inflows of resources related to pensions from the following
sources:
Deferred Deferred Deferred Deferred Deferred Deferred
Outflows of Inflows of Outflows of Inflows of Outflows of Inflows of
Resources Resources Resources Resources Resources Resources
Differences between expected and
actual economic experience 699,631$ 418,692$ 7,860$ 4,704$ 707,491$ 423,396$
Changes in actuarial assumptions 104,245 - 1,171 - 105,416 -
Difference between projected and
actual investment earnings 6,030,822 - 67,756 - 6,098,578 -
Contributions subsequent to the
measurement date 3,190,341 - 35,840 - 3,226,181 -
Total 10,025,039$ 418,692$ 112,627$ 4,704$ 10,137,666$ 423,396$
City WEDC Total
The $3,226,181 reported as deferred outflows of resources related to pensions resulting from
contributions subsequent to the measurement date will reduce the net pension liability during the
year ending September 30, 2024. The other amounts reported as deferred outflows and inflows of
resources related to pensions will be recognized in pension expense as follows:
Fiscal
Year Ended
Sept. 30: City WEDC Total
2024 650,743$ 7,311$ 658,054$
2025 1,502,604 16,882 1,519,486
2026 1,581,437 17,767 1,599,204
2027 2,652,748 29,803 2,682,551
2028 28,474 320 28,794
Total 6,416,006$ 72,083$ 6,488,089$
Allocations
The City’s net pension liability, pension expense, and deferred outflows of resources related
to TMRS have been allocated between governmental activities, business-type activities, and
the discretely presented component unit using a contribution-based method.
NOTE 10. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN
A. Plan Description
Texas Municipal Retirement System (“TMRS”) administers a defined benefit group-term life
insurance plan known as the Supplemental Death Benefits Fund (“SDBF”). This is a voluntary
program in which participating member cities may elect, by ordinance, to provide group-term life
insurance coverage for their active members, including or not including retirees. Employers may
terminate coverage under and discontinue participation in the SDBF by adopting an ordinance
before November 1 of any year to be effective the following January 1. The City has elected to
participate in the SDBF for its active members including retirees. As the SDBF covers both active
127
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
56
NOTE 10. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED
and retiree participants, with no segregation of assets, the SDBF is considered to be an unfunded
single-employer OPEB plan (i.e., no assets are accumulated in a trust that meets the criteria in
paragraph 4 of GASB Statement No. 75) for City reporting.
B. Benefits Provided
The death benefit for active employees provides a lump-sum payment approximately equal to the
employee’s annual salary (calculated based on the employee’s actual earnings, for the 12-month
period preceding the month of death). The death benefit for retirees is considered an other
postemployment benefit (“OPEB”) and is a fixed amount of $7,500.
At the December 31, 2022 valuation and measurement date, the following employees were
covered by the benefit terms:
Inactive employees currently receiving benefits 77
Inactive employees entitled to but not yet receiving benefits 40
Active employees 373
490
C. Contributions
The member city contributes to the SDBF at a contractually required rate as determined by an
annual actuarial valuation. The rate is equal to the cost of providing one-year term life insurance.
The funding policy for the SDBF program is to assure that adequate resources are available to
meet all death benefit payments for the upcoming year. The intent is not to pre-fund retiree term
life insurance during employees’ entire careers.
Contributions are made monthly based on the covered payroll of employee members of the
participating member city. The contractually required contribution rate is determined annually for
each city. The rate is based on the mortality and service experience of all employees covered by
the SDBF and the demographics specific to the workforce of the city. There is a one-year delay
between the actuarial valuation that serves as the basis for the employer contribution rate and the
calendar year when the rate goes into effect. The funding policy of this plan is to assure that
adequate resources are available to meet all death benefit payments for the upcoming year.
The retiree portion of contribution rates to the SDBF for the City was 0.04% in calendar years
2022 and 2023. The City’s contributions to the SDBF for the year ended September 30, 2023
(including $56 of contributions by WEDC) were $5,101 and were equal to the required
contributions.
D. Total OPEB Liability
The City’s Total OPEB Liability (TOL) was measured as of December 31, 2022 and was
determined by an actuarial valuation as of that date.
128
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
57
NOTE 10. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED
E. Actuarial Assumptions
The Total OPEB Liability in the December 31, 2022 actuarial valuation was determined using the
following actuarial assumptions:
Inflation 2.50% per year
Salary increases 3.50% to 11.50% including inflation
Discount rate 4.05%
Retiree's share of benefit-related costs $0
Administrative expenses All administrative expenses are paid through
the Pension Trust and accounted for under
reporting requirements of GASB Statement
No. 68.
Mortality rates -service retirees 2019 Municipal Retirees of Texas Mortality
Tables. The rates are projected on a fully
generational basis with scale UMP.
Salary increases were based on a service-related table. Mortality rates for post-retirement were
based on the 2019 Municipal Retirees of Texas Mortality Tables. The rates are projected on a fully
generational basis by scale UMP.
Actuarial assumptions used in the December 31, 2022 valuation were developed primarily from the
actuarial experience study for the period from December 31, 2014 to December 31, 2018.
The discount rate used to measure the Total OPEB Liability was 4.05% and was based on the
Fidelity Index’s “20-Year Municipal GO AA Index” rate as of December 31, 2022. This was a
2.21% increase from the 1.84% discount rate used in the December 31, 2021 valuation.
F. Changes in Total OPEB Liability
Total
OPEB
Liability
Balance at 12/31/2021 780,735$
Changes for the year:
Service Cost 67,934
Interest on Total OPEB Liability 14,894
Difference between expected and actual experience (5,930)
Changes of assumptions or other inputs (316,876)
Benefit payments (10,451)
Net changes (250,429)
Balance at 12/31/22 530,306$
Total OPEB Liability as a Percentage of Covered Payroll 2.03%
129
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
58
NOTE 10. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED
G. Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following presents the total OPEB liability of the City, calculated using the discount rate of
4.05%, as well as what the City’s total OPEB liability would be if it were calculated using a
discount rate that is 1 percentage-point lower (3.05%) or 1 percentage-point higher (5.05%) than
the current rate:
1% Decrease 1% Increase
in Discount Discount in Discount
Rate (3.05%) Rate (4.05%) Rate (5.05%)
City 642,562$ 524,414$ 434,120$
WEDC 7,219 5,892 4,878
Total OPEB Liability 649,781$ 530,306$ 438,998$
H. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources
Related to OPEB
For the year ended September 30, 2023, the City recognized OPEB expense of $51,450. At
September 30, 2023, the City reported deferred outflows of resources and deferred inflows of
resources related to pensions from the following sources:
Deferred Deferred Deferred Deferred Deferred Deferred
Outflows of Inflows of Outflows of Inflows of Outflows of Inflows of
Resources Resources Resources Resources Resources Resources
Differences between expected
and actual experience -$ 36,067$ -$ 405$ -$ 36,472$
Changes in assumptions and
other inputs 143,723 287,261 1,615 3,227 145,338 290,488
Contributions subsequent to the
measurement date 8,340 - 94 - 8,434 -
Total 152,063$ 323,328$ 1,709$ 3,632$ 153,772$ 326,960$
City WEDC Total
The $8,434 reported as deferred outflows of resources related to OPEB resulting from
contributions subsequent to the measurement date will reduce the Total OPEB liability during the
year ending September 30, 2024. The other amounts reported as deferred outflows and inflows of
resources related to OPEB will be recognized in OPEB expense as follows:
Fiscal
Year Ended
Sept. 30: City WEDC Total
2024 (19,774)$ (222)$ (19,996)$
2025 (19,774) (222) (19,996)
2026 (23,468) (264) (23,732)
2027 (19,081) (214) (19,295)
2028 (26,245) (295) (26,540)
Thereafter (71,263) (800) (72,063)
Total (179,605)$ (2,017)$ (181,622)$
130
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
59
NOTE 11. NORTH TEXAS MUNICIPAL WATER DISTRICT
The North Texas Municipal Water District (the District) is a conservation and reclamation district and
political subdivision of the State of Texas, created and functioning under Chapter 62, Acts of 1951,
52nd Legislature, Regular Session, as amended, originally complied as Vernon’s Article 8270-141 (the
Act), pursuant to Article 16, Section 59 of the Texas Constitution. The District comprises all of the
territory of its member cities, viz., Allen, Garland, Princeton, Plano, Mesquite, Wylie, Rockwall,
Farmersville, McKinney, Richardson, Forney and Royse City (the “Member Cities”). The District was
created for the purpose of providing a source of water supply for municipal, domestic and industrial
use and for the treatment processing and transportation of such water to its Member Cities and to its
other customers located in North Central Texas, all within the Dallas Standard Metropolitan Statistical
Area.
Under the Act, including specifically Section 27 thereof, and under the Constitution and Statutes of
the State of Texas, the District has broad powers to (1) impound, control, store, preserve, treat,
transmit, and use storm and flood water, the water of rivers and streams and underground water, for
irrigation, power and all other useful purposes and to supply water for municipal, domestic, power,
industrial and commercial uses and purposes and all other beneficial uses and purposes; and
(2) collect, transport, process, treat, dispose of, and control all municipal, domestic, industrial or
commercial waste whether in fluid, solid or composite state, including specifically the control,
abatement or reduction of all types of pollution. The City retains no ongoing financial interest equity
investments and/or responsibilities for the District other than the contractual arrangements discussed
more fully herein.
NOTE 12. MUDDY CREEK REGIONAL WASTEWATER SYSTEM
In May 1999, the Cities of Wylie and Murphy in Collin County entered into a contract with the District
to provide for the acquisition, construction, improvement, operation, and maintenance of the Regional
Muddy Creek Wastewater System (System) for the purpose of providing facilities to adequately
receive, transport, treat, and dispose of wastewater. The District will own the System with Wylie and
Murphy as the initial participants. The District will issue approximately $20 million in bonds to
construct this new facility. Budget calculations for operating costs and debt service for the System on
the service commencement date is based on the following estimated flow ratio: City of Wylie – 2/3
and Murphy – 1/3. “Service Commencement Date” means the first date upon which the System is
available to treat wastewater from the participants. Wylie’s long-term commitment to the System’s
debt service component is approximately $13.3 million.
The District will send each participant a letter detailing the annual requirement necessary to operate
the System each year. The annual requirement budget will include an operation and maintenance
component and a bond service component. The budgeting ratio described earlier is only valid for the
first year of System operations. In subsequent years, budgets and year-end audits will be based on
actual flow ratios. For example, if the flow measurements indicate that 60% of the flow is produced
by Wylie and 40% by Murphy, then the next year’s operating and debt service components would be
allocated using a 60/40 split. If in the future, additional participants are added, then the flow ratios will
be adjusted using the above method.
The contract with the District has a clause for “Credit for Payments Relating to the System. “This
clause states: “Each participant shall be entitled to a credit in an amount equal to any funds advanced
by such Participant with the approval of the District for land, engineering, construction or other costs
related to the System and/or the financing thereof”. All credits for advance made prior to the Service
Commencement Date shall bear interest from the date of such advance at a rate equal to the net
effective interest rate on the initial issue of the bonds hereunder. The City of Wylie has four such
credits at this time. All credits for advances made prior to the Service Commencement Date shall be
amortized over a period of twenty years, with such amortization to commence on October 1 of the
Fiscal Year following the Service Commencement Date. At September 30, 2005, the City recorded
$3,188,849 as a restricted accounts receivable. This amount is being amortized over a twenty-year
period commencing with fiscal year 2006. The amortization was $212,505 for 2023, leaving an
unamortized balance of $452,908 as of September 30, 2023.
131
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
60
NOTE 13. CONTINGENT LIABILITIES
Amounts received or receivable from grantor agencies are subject to audit and adjustment by such
agencies. Any disallowed claims, including amounts already collected may constitute a liability of the
applicable funds. The amounts, if any, of expenditures which may be disallowed by the grantor
cannot be determined at this time although the City expects such amounts, if any, to be immaterial.
The City periodically is a defendant in various lawsuits. At September 30, 2023, after consultation
with the City’s attorney, the City is not aware of any pending litigation.
As described in Note 8 above, the general revenues of the City are contingently liable for the
$1,880,000 payable in General Obligation Bonds which are currently outstanding and recorded as
obligations of the Enterprise Fund.
The City contracts for garbage disposal with a third party. Under the terms of the agreement the City
bills and collects the residential billing and remits that amount to the contracting party. The contractor
bills the commercial customers and remits a franchise fee to the City based on total revenues
received from the contract.
The Wylie Economic Development Corporation provides monetary incentives to companies to
relocate within the City of Wylie. At September 30, 2023, these commitments totaled $1,588,500.
NOTE 14. RISK MANAGEMENT
The City is exposed to various risks of loss related to torts, theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; employee health benefits; and other claims of
various natures. The City purchases commercial insurance to indemnify it in event of loss. For the
past three years, settlements did not exceed coverage.
NOTE 15. TAX ABATEMENTS
The City enters into economic development agreements authorized under Chapter 380 of the Texas
Local Government Code and Chapter 312 of the Texas Tax Code. These agreements are planning
tools designed to stimulate economic activity, redevelopment, community improvement, and provide a
return on investment for the community. These programs abate or rebate property and/or sales taxes
and may include other incentive payments such as fee reductions or construction costs
reimbursements. Economic development agreements are considered on a case-by-case basis by the
City Council and generally contain recapture provisions which may require repayment or termination if
recipients do not meet the required provisions of the economic incentives.
Other Economic Agreements
Chapter 380 of the Texas Local Government Code allows the City to provide grants for the
purpose of promoting local economic development. These grants are based on a percentage of
property and/or sales tax received by the City. For the fiscal year ending September 30, 2023, the
City rebated $58,678 in sales taxes (including $29,378 rebated by WEDC).
132
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
61
NOTE 16. CONDENSED FINANCIAL INFORMATION FOR DISCRETELY PRESENTED
COMPONENT UNIT
Following is selected condensed financial statement information for the fund basis financial
statements of the Wylie Economic Development Corporation:
Balance Sheet WEDC
Assets
Cash and equivalents 12,625,716$
Receivables 956,162
Inventory 16,006,005
Prepaids 2,000
Total Assets 29,589,883$
Liabilities
Accounts payable 169,661$
Accrued liabilities 17,154
Total Liabilities 186,815
Fund Balance 29,403,068
Total Liabilities and Fund Balance 29,589,883$
WEDC
Revenues:
Sales tax revenue 4,611,796$
Interest income 381,356
Miscellaneous income 396,601
Total Revenues 5,389,753
Expenditures:
Expenditures 3,661,999
Net change in fund balance 1,727,754
Fund balance 10/1/22 27,675,314
Fund balance 9/30/23 29,403,068$
Statement of Revenues, Expenditures and
Changes in Fund Balance
133
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED SEPTEMBER 30, 2023
62
NOTE 16. CONDENSED FINANCIAL INFORMATION FOR DISCRETELY PRESENTED
COMPONENT UNIT – CONTINUED
Following are reconciliations between the government-wide financial statements and the fund basis
financial statements for WEDC:
Reconciliation of fund balance to net position:
Total fund balance 29,403,068$
Deferred outflows - pensions, $112,627, and OPEB, $1,709 114,336
Deferred inflows - pensions ($4,704) and OPEB ($3,632) (8,336)
Payables for compensated absences (47,804)
Accrued interest payable (28,814)
Payable for loan principal, net pension liability and OPEB liability (15,721,410)
Net position 13,711,040$
Reconciliation of change in fund balance to change in net position:
Change in fund balance 1,727,754$
Change in payables for compensated absences (13,238)
Change in deferred inflow related to due from primary government (279,047)
Change in accrued interest payable 1,049
Net effect of net pension and OPEB activity 20,322
Payment of loan principal 575,973
Change in net position 2,032,813$
NOTE 17. LAND ACQUISITION
The WEDC owns real property with a carrying value of $16,006,005 as of September 30, 2023. This
property is recorded as inventory as it is held for resale and as an incentive to attract businesses.
134
01/23/2024 Item 2.
63
REQUIRED SUPPLEMENTARY INFORMATION
135
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-10
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET (GAAP BASIS) AND ACTUAL – GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
64
Original Final Actual Amount
Variance with
Final Budget -
Positive
(Negative)
REVENUES
Ad valorem taxes 28,956,551$ 28,956,551$ 28,825,989$ (130,562)$
Non-property taxes 8,278,293 8,278,293 9,286,481 1,008,188
Franchise fees 2,802,400 2,802,400 3,015,867 213,467
Licenses and permits 1,442,750 1,442,750 1,409,965 (32,785)
Intergovernmental 2,429,011 8,528,660 8,717,961 189,301
Services fees 4,338,970 4,338,970 4,490,107 151,137
Court fees 339,000 339,000 319,233 (19,767)
Interest income 60,720 60,720 1,390,278 1,329,558
Miscellaneous income 255,417 299,156 345,548 46,392
Total revenues 48,903,112 55,046,500 57,801,429 2,754,929
EXPENDITURES
Current
General government
City council 95,165 95,279 51,979 43,300
City manager 1,281,121 1,309,940 1,255,085 54,855
City secretary 391,327 356,296 315,110 41,186
City attorney 170,000 170,000 148,732 21,268
Finance 1,343,989 1,368,004 1,204,820 163,184
Building and fleet maintenance 1,045,597 1,112,537 1,036,588 75,949
Municipal court 576,256 553,935 505,966 47,969
Human resources 809,979 839,678 822,141 17,537
Purchasing 326,557 296,795 283,932 12,863
Information technology 2,358,252 2,247,153 2,014,854 232,299
Combined services/general 4,760,392 4,678,153 4,328,375 349,778
Total general government 13,158,635 13,027,770 11,967,582 1,060,188
Public safety
Police 13,131,224 13,642,158 13,318,250 323,908
Fire 13,157,375 13,562,767 12,666,011 896,756
Emergency communications 2,396,484 2,433,514 2,053,328 380,186
Animal control 723,449 738,498 708,588 29,910
Total public safety 29,408,532 30,376,937 28,746,177 1,630,760
Urban development
Planning 368,297 365,998 351,740 14,258
Building inspection 593,933 519,461 446,817 72,644
Code enforcement 276,855 262,424 230,051 32,373
Total urban development 1,239,085 1,147,883 1,028,608 119,275
Streets
Streets 5,259,846 5,502,671 4,261,461 1,241,210
Total streets 5,259,846 5,502,671 4,261,461 1,241,210
Budgeted Amounts
136
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-10
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES (CONCLUDED)
IN FUND BALANCE - BUDGET (GAAP BASIS) AND ACTUAL – GENERAL FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
65
Community service
Parks 2,777,610 2,719,867 2,608,997 110,870
Library 2,343,822 2,354,966 2,291,895 63,071
Total community service 5,121,432 5,074,833 4,900,892 173,941
Total expenditures 54,187,530 55,130,094 50,904,720 4,225,374
Excess (deficiency) of revenues
over expenditures (5,284,418) (83,594) 6,896,709 6,980,303
OTHER FINANCING SOURCES (USES)
Transfers in 2,597,505 2,767,955 2,767,955 -
Transfers out - (12,099,649) (12,099,649) -
Insurance recovery - 122,926 209,054 86,128
Proceeds from sale of property - - 180,277 180,277
Total other financing sources (uses) 2,597,505 (9,208,768) (8,942,363) 266,405
Net change in fund balances (2,686,913) (9,292,362) (2,045,654) 7,246,708
Fund balances, October 1 31,684,260 31,684,260 31,684,260 -
Fund balances, September 30 28,997,347$ 22,391,898$ 29,638,606$ 7,246,708$
137
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NOTES TO BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED SEPTEMBER 30, 2023
66
STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Budgetary Information
The City follows the following procedures in establishing the budgetary date reflected in the
financial statements:
1. Public hearings are conducted to obtain taxpayer comments.
2. Prior to October 1, the budget is legally enacted through passage of an ordinance.
3. The City Manager is authorized to transfer budgeted amounts between programs within a
department; however, any revisions between departments, or that alter the total expenditures
of any fund must be approved by the City Council. Therefore, the department level is the
legal level of control.
4. Budgeted amounts are as originally adopted or as amended by the City Council. During
2023, individual amendments were not material in relation to the original appropriations. All
budget appropriations automatically lapse at year-end.
5. Formal budgetary integration is employed as a management control device during the year.
The legally adopted budget is adopted on a basis consistent with generally accepted
accounting principles.
138
01/23/2024 Item 2.
67
139
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
TEXAS MUNICIPAL RETIREMENT SYSTEM
SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS
LAST NINE MEASUREMENT YEARS
(UNAUDITED)
68
Measurement
Year
Measurement
Year
Measurement
Year
2014 2015 2016
Total pension liability:
Service cost 2,556,890$ 2,884,478$ -$
Interest 3,219,187 3,586,805 3,725,815
Changes of benefit terms - - -
Difference between expected and actual
experience 184,163 215,566 4,180,949
Change in assumptions - (245,250) -
Benefit payments, including refunds of
employee contributions (745,575) (999,126) (1,085,194)
Net change in total pension liability 5,214,665 5,442,473 6,821,570
Total pension liability - beginning 45,082,724 50,297,389 55,739,862
Total pension liability - ending (a) 50,297,389 55,739,862 62,561,432
Plan fiduciary net position:
Contributions - employer 2,058,618 2,291,479 2,630,201
Contributions - employee 1,102,273 1,149,849 1,274,657
Net investment income 2,024,176 58,730 2,858,337
Benefit payments, including refunds of
employee contributions (745,575) (999,126) (1,085,194)
Administrative expense (21,127) (35,762) (32,250)
Other (1,737) (1,766) (1,738)
Net change in plan fiduciary net position 4,416,628 2,463,404 5,644,013
Plan fiduciary net position - beginning 35,373,254 39,789,882 42,253,286
Plan fiduciary net position - ending (b) 39,789,882 42,253,286 47,897,299
Net pension liability - ending (a) - (b) 10,507,507$ 13,486,576$ 14,664,133$
Plan fiduciary net position as a
percentage of total pension liability 79.11% 75.80% 76.56%
Covered payroll 15,746,759$ 16,426,414$ 18,184,351$
Net pension liability as a percentage
of covered payroll 66.73% 82.10% 80.64%
Note: Only nine years of data is presented in accordance with GASB #68, paragraph 138. “The
information for all period for the 10-year schedules that are required to be presented as required
supplementary information may be available initially. In these cases, during the transition period, that
information should be presented for as many periods as are available. The schedules should not include
information that is not measured in accordance with the requirements of this statement. Additional years’
information will be displayed as it becomes available.”
140
01/23/2024 Item 2.
EXHIBIT A-11
69
Measurement
Year
Measurement
Year
Measurement
Year
Measurement
Year
Measurement
Year
Measurement
Year
2017 2018 2019 2020 2021 2022
3,534,169$ 3,732,706$ 3,856,949$ 4,164,056$ 4,267,960$ 4,679,641$
4,298,623 4,761,659 5,258,675 5,818,955 6,315,835 6,808,244
- - - - - -
404,285 577,776 524,371 (321,331) (439,930) 628,699
- - 406,608 - - -
(1,290,431) (1,662,660)(1,879,475) (1,919,943) (2,784,954) (3,324,552)
6,946,646 7,409,481 8,167,128 7,741,737 7,358,911 8,792,032
62,561,432 69,508,078 76,917,559 85,084,687 92,826,424 100,185,335
69,508,078 76,917,559 85,084,687 92,826,424 100,185,335 108,977,367
2,978,969 3,142,231 3,287,746 3,479,670 3,678,159 4,019,003
1,392,972 1,470,396 1,538,384 1,627,099 1,668,335 1,829,005
6,646,053 (1,728,139) 9,105,849 5,384,137 10,362,682 (6,745,606)
(1,290,431) (1,662,660)(1,879,475) (1,919,943) (2,784,954) (3,324,552)
(34,403) (33,340) (51,343) (34,763) (47,839) (58,231)
(1,744) (1,741) (1,542) (1,356) 327 69,487
9,691,416 1,186,747 11,999,619 8,534,844 12,876,710 (4,210,894)
47,897,299 57,588,715 58,775,462 70,775,081 79,309,925 92,186,635
57,588,715 58,775,462 70,775,081 79,309,925 92,186,635 87,975,741
11,919,363$ 18,142,097$ 14,309,606$ 13,516,499$ 7,998,700$ 21,001,626$
82.85% 76.41% 83.18% 85.44% 92.02% 80.73%
19,887,590$ 21,008,953$ 21,977,303$ 23,236,919$ 23,830,037$ 26,128,649$
59.93% 86.35% 65.11% 58.17% 33.57% 80.38%
141
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
TEXAS MUNICIPAL RETIREMENT SYSTEM
SCHEDULE OF PENSION CONTRIBUTIONS
LAST NINE FISCAL YEARS
(UNAUDITED)
70
Fiscal Year Fiscal Year Fiscal Year
2015 2016 2017
Actuarially determined contribution 2,235,994$ 2,611,189$ 2,924,821$
Contribution in relation to the actuarially
determined contribution 2,235,994 2,611,189 2,924,821
Contribution deficiency (excess)-$ -$ -$
Covered payroll 16,311,322$ 18,212,187$ 19,547,995$
Contributions as a percentage of
covered payroll 13.71% 14.34% 14.96%
Note: GASB #68, paragraph 81.2.b requires that the data in this schedule be presented as of the City’s
fiscal year as opposed to the time period covered by the measurement date.
Note: Only nine years of data is presented in accordance with GASB #68, paragraph 138. “The
information for all period for the 10-year schedules that are required to be presented as required
supplementary information may be available initially. In these cases, during the transition period, that
information should be presented for as many periods as are available. The schedules should not include
information that is not measured in accordance with the requirements of this statement. Additional years’
information will be displayed as it becomes available.”
Notes to Schedule:
Methods and Assumptions Used to Determine Contribution Rates:
Actuarial cost method Entry age normal
Amortization method Level percentage of payroll, closed
Remaining amortization period 23 years
Asset Valuation Method 10-year smoothed market; 12% soft corridor
Inflation 2.50%
Salary increases 3.50% to 11.50% including inflation
Investment rate of return 6.75%
Retirement age Experience-based table of rates that are specific to the City’s
plan of benefits. Last updated for the 2019 valuation pursuant to
an experience study of the period 2014-2018.
Mortality Post retirement: 2019 Municipal Retirees of Texas Mortality
Tables. The rates are projected on a fully generational basis with
Scale UMP.
Pre-retirement: PUB(10) mortality tables, with the Public Safety
Table used for males and the General Employee table used for
Females. The rates are projected on a fully generational basis
With scale UMP.
Other information There were no benefit changes during the year.
142
01/23/2024 Item 2.
EXHIBIT A-12
71
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2018 2019 2020 2021 2022 2023
3,144,978$ 3,283,399$ 3,359,419$ 3,596,280$ 3,958,173$ 4,410,196$
3,144,978 3,283,399 3,359,419 3,596,280 3,958,173 4,410,196
-$ -$ -$ -$ -$ -$
20,843,290$ 21,773,201$ 22,277,304$ 23,369,269 25,796,021 28,452,877
15.09% 15.08% 15.08% 15.39% 15.34% 15.50%
143
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-13
TEXAS MUNICIPAL RETIREMENT SYSTEM
SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS
LAST SIX MEASUREMENT YEARS
(UNAUDITED)
72
Measurement
Year
Measurement
Year
Measurement
Year
Measurement
Year
Measurement
Year
Measurement
Year
2017 2018 2019 2020 2021 2022
Total OPEB liability:
Charges for the year
Service cost 27,859$ 35,710$ 30,768$ 44,150$ 57,192$ 67,934$
Interest 13,862 14,885 16,242 15,686 14,575 14,894
Changes of benefit terms - - - - - -
Difference between expected and actual
experience - (22,724) (15,356) (6,015) (14,293) (5,930)
Change in assumptions 39,365 (35,164) 96,541 102,727 26,689 (316,876)
Benefit payments (1,990) (2,101) (2,198) (2,324) (7,149) (10,451)
Net change in total OPEB liability 79,096 (9,394) 125,997 154,224 77,014 (250,429)
Total OPEB liability - beginning 353,798 432,894 423,500 549,497 703,721 780,735
Total OPEB liability - ending 432,894$ 423,500$ 549,497$ 703,721$ 780,735$ 530,306$
Covered-employee payroll 19,887,590$ 21,008,953$ 21,977,303$ 23,236,919$ 23,830,037$ 26,128,649$
Total OPEB liability as a percentage
of covered-employee payroll 2.18% 2.02% 2.50% 3.03% 3.28% 2.03%
Note: Only six years of data is presented in accordance with GASB #75. Additional years’ information will
be displayed as it becomes available.
The TMRS Supplementary Death Benefit Fund (SDBF) is considered to be an unfunded OPEB plan
(there are no assets accumulated in a trust that meets the criteria of GASB codification P22.101 or
P52.101 to pay related benefits for the OPEB plan); therefore, no plan fiduciary net position and related
ratios are reported in the above schedule.
144
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-14
TEXAS MUNICIPAL RETIREMENT SYSTEM
SCHEDULE OF OPEB CONTRIBUTIONS
LAST SIX FISCAL YEARS
(UNAUDITED)
73
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
2018 2019 2020 2021 2022 2023
Actuarially determined contribution 2,086$ 2,160$ 2,228$ 2,337$ 2,580 5,101
Contributions in relation to the actuarially
determined contribution 2,086 2,160 2,228 2,337 2,580 5,101
Contribution deficiency (excess)-$ -$ -$ -$ -$ -$
Covered-employee payroll 20,843,290$ 21,773,201$ 22,277,304$ 23,369,269$ 25,796,021 28,452,877
Contributions as a percentage of
covered-employee payroll 0.01% 0.01% 0.01% 0.01% 0.01% 0.02%
Note: GASB #75, paragraph 57 requires that the data in this schedule be presented as of the City’s fiscal
year as opposed to the time period covered by the measurement date.
Note: Only six years of data is presented in accordance with GASB #75. Additional years’ information will
be displayed as it becomes available.
The TMRS Supplementary Death Benefit Fund (SDBF) is considered to be an unfunded OPEB plan
(there are no assets accumulated in a trust that meets the criteria of GASB codification P22.101 or
P52.101 to pay related benefits for the OPEB plan).
145
01/23/2024 Item 2.
74
146
01/23/2024 Item 2.
75
COMBINING STATEMENTS AND BUDGETARY COMPARISON
SCHEDULES
147
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT A-15
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
GENERAL OBLIGATION DEBT SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
76
Variance with
Final Budget -
Original Final Actual Positive (Negative)
REVENUES
Ad valorem taxes 9,057,658$ 9,057,658$ 9,050,412$ (7,246)$
Interest income 2,400 2,400 65,502 63,102
Total revenues 9,060,058 9,060,058 9,115,914 55,856
EXPENDITURES
Debt service
Principal 6,820,000 6,820,000 6,820,000 -
Interest and fiscal charges 2,609,005 2,609,005 2,606,753 2,252
Total debt service 9,429,005 9,429,005 9,426,753 2,252
Net change in fund balances (368,947) (368,947) (310,839) 58,108
Fund balances, October 1 842,926 842,926 842,926 -
Fund balances, September 30 473,979$ 473,979$ 532,087$ 58,108$
Budgeted Amounts
148
01/23/2024 Item 2.
77
NON-MAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
4B SALES TAX REVENUE FUND
Accounts for sales tax monies specifically designated for promoting economic development within the City by
developing, implementing, providing and financing park and recreation projects.
PARKS ACQUISITION AND IMPROVEMENT FUND
Accounts for the development and improvement of City Parks.
FIRE TRAINING CENTER FUND
Accounts for First Responder fees specifically designated for the construction of the Fire Training Center.
FIRE DEVELOPMENT FEES FUND
Accounts for contributions specifically designated for use of the fire department.
MUNICIPAL COURT TECHNOLOGY FUND
Accounts for court fines specifically designated for additions/improvements in court technology.
MUNICIPAL COURT BUILDING SECURITY FUND
Accounts for court fines specifically designated for additions/improvements in court building security.
HOTEL TAX FUND
Accounts for occupancy taxes charged to hotels.
FEDERAL SEIZURE FUND
Accounts for the City’s share of forfeiture proceeds at the federal level and is restricted for law enforcement
additions/improvements only.
JUDICIAL EFFICIENCY FUND
Accounts for court fines specifically restricted to improving the efficiency of the administration of justice.
TRUANCY COURT FUND
Accounts for court fines designated for the efficiency of Juvenile Court truancy cases.
MUNICIPAL JUDICIAL FUND
Accounts for court fines designated for the efficiency in municipal court.
DEBT SERVICE FUNDS
4B DEBT SERVICE FUND 1996
Accounts for the accumulation of resources to be used for the payment of principal and interest on the 4B
Sales Tax Revenue Bonds – Series 1996.
4B DEBT SERVICE FUND 2005
Accounts for the accumulation of resources to be used for the payment of principal and interest on the 4B
Sales Tax Revenue Bonds – Series 2005.
149
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
COMBINING BALANCE SHEET - NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
78
SPECIAL REVENUE FUNDS
4B Sales Tax
Revenue
Park Acquisition
and
Improvement
Fire Training
Center
Fire
Development
Fees
Municipal Court
Technology
Municipal
Court Building
Security
ASSETS
Cash and cash equivalents 6,203,122$ 777,522$ 299,529$ 1,299,342$ 28,731$ 31,771$ Investments - - - - - -
Receivables: (net of allowances for uncollectibles)
Other 13,480 - 990 - - -
Sales tax 836,162 - - - - -
Total assets 7,052,764$ 777,522$ 300,519$ 1,299,342$ 28,731$ 31,771$
LIABILITIES AND FUND BALANCES
Accounts payable 32,659$ -$ 1,107$ -$ -$ -$
Other payables and accruals 111,736 2,328 - - - -
Unearned revenue 59,724 - - - - -
Total liabilities 204,119 2,328 1,107 - - -
FUND BALANCES
Restricted
Debt service - - - - - -
Economic development 6,848,645 - - - - -
Municipal court - - - - 28,731 31,771
Tourism - - - - - -
Law enforcement - - - - - -
Committed
Park acquisition and improvement - 775,194 - - - -
Fire training - - 299,412 - - -
Fire development - - - 1,299,342 - -
Total fund balances 6,848,645 775,194 299,412 1,299,342 28,731 31,771
Total liabilities and fund balances 7,052,764$ 777,522$ 300,519$ 1,299,342$ 28,731$ 31,771$
150
01/23/2024 Item 2.
EXHIBIT B-1
79
Hotel Tax
Federal
Seizure
Judicial
Efficiency Truancy Court
Municipal
Judicial
4B Debt
Service 1996
4B Debt
Service 2005
Total Nonmajor
Governmental
Funds
736,467$ 829$ 9,349$ 21,909$ 534$ -$ 227,346$ 9,636,451$ - - - -
135,153 - - - - - - 149,623
- - - - - - - 836,162
871,620$ 829$ 9,349$ 21,909$ 534$ -$ 227,346$ 10,622,236$
15,000$ -$ -$ -$ -$ -$ -$ 48,766$
- - - - - - - 114,064
- - - - - - - 59,724
15,000 - - - - - - 222,554
- - - - - - 227,346 227,346
- - - - - - - 6,848,645
- - 9,349 21,909 534 - - 92,294
856,620 - - - - - 856,620
- 829 - - - - - 829
- - - - - - - 775,194
- - - - - - - 299,412
- - - - - - - 1,299,342
856,620 829 9,349 21,909 534 - 227,346 10,399,682
871,620$ 829$ 9,349$ 21,909$ 534$ -$ 227,346$ 10,622,236$
DEBT SERVICE FUNDS
151
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE- NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED SEPTEMBER 30, 2023
80
SPECIAL REVENUE FUNDS
4B Sales Tax
Revenue
Park
Acquisition
and
Improvement
Fire Training
Center
Fire
Development
Fees
Municipal
Court
Technology
Municipal
Court Building
Security
REVENUES
Sales taxes 4,611,796$ -$ -$ -$ -$ -$
Licenses and permits - - 46,135 - - -
Service fees 1,067,671 - - - - -
Court fees - - - - 7,397 8,923
Development fees - 577,061 - 298,867 - -
Interest income 192,547 24,093 9,053 35,311 812 958
Miscellaneous income 43,502 - - - - -
Total revenues 5,915,516 601,154 55,188 334,178 8,209 9,881
EXPENDITURES
Current:
Public safety - - 33,101 1,138 1,289 5,813
Community service 4,003,742 132,121 - - - -
Debt service
Principal - - - - - -
Interest and fiscal charges - - - - - -
Total expenditures 4,003,742 132,121 33,101 1,138 1,289 5,813
Excess (deficiency) of revenues
over (under) expenditures 1,911,774 469,033 22,087 333,040 6,920 4,068
Other financing sources (uses)
Insurance recoveries - 3,000 - - -
Transfers in - - - - - -
Transfers out (1,663,050) (200,000) - - - -
Total other financing sources (uses) (1,663,050) (200,000) 3,000 - - -
Net change in fund balances 248,724 269,033 25,087 333,040 6,920 4,068
Fund balances October 1, 2022 6,599,921 506,161 274,325 966,302 21,811 27,703
Fund balances September 30, 2023 6,848,645$ 775,194$ 299,412$ 1,299,342$ 28,731$ 31,771$
152
01/23/2024 Item 2.
EXHIBIT B-2
81
Hotel Tax Federal Seizure
Judicial
Efficiency Truancy Court
Municipal
Judicial
4B Debt Service
1996
4B Debt Service
2005
Total Nonmajor
Governmental
Funds
295,050$ -$ -$ -$ -$ -$ -$ 4,906,846$
- - - - - - - 46,135
- - - - - - - 1,067,671
- - 1,944 2,650 178 - - 21,092
- - - - - - - 875,928
18,210 - 263 651 14 2,586 8,491 292,989
101,297 - - - - - - 144,799
414,557 - 2,207 3,301 192 2,586 8,491 7,355,460
- - - - - - - 41,341
105,475 - - - 4,241,338
- - - - - - 360,000 360,000
- - - - - - 28,050 28,050
105,475 - - - - - 388,050 4,670,729
309,082 - 2,207 3,301 192 2,586 (379,559) 2,684,731
- - - - - - - 3,000
- - - - - - 577,555 577,555
(205,650) - - - - (189,505) - (2,258,205)
(205,650) - - - - (189,505) 577,555 (1,677,650)
103,432 - 2,207 3,301 192 (186,919) 197,996 1,007,081
753,188 829 7,142 18,608 342 186,919 29,350 9,392,601
856,620$ 829$ 9,349$ 21,909$ 534$ -$ 227,346$ 10,399,682$
DEBT SERVICE FUNDS
153
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-1
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
4B SALES TAX REVENUE FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
82
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Sales taxes 4,124,146$ 4,124,146$ 4,611,796$ 487,650$
Service fees 928,000 977,500 1,067,671 90,171
Interest income 7,200 7,200 192,547 185,347
Miscellaneous income 32,000 32,000 43,502 11,502
Total revenues 5,091,346 5,140,846 5,915,516 774,670
EXPENDITURES
Current
Community service
4B Parks 1,137,877 2,848,549 1,100,638 1,747,911
4B Brown House 484,438 485,839 259,353 226,486
4B Recreation 3,029,837 3,108,756 2,643,751 465,005
Total community service 4,652,152 6,443,144 4,003,742 2,439,402
Total expenditures 4,652,152 6,443,144 4,003,742 2,439,402
Excess (deficiency) of revenues
over (under) expenditures 439,194 (1,302,298) 1,911,774 3,214,072
Other financing uses
Transfers out (388,050) (1,663,050) (1,663,050) -
Total other financing uses (388,050) (1,663,050) (1,663,050) -
Net change in fund balances 51,144 (2,965,348) 248,724 3,214,072
Fund balances, October 1 6,599,921 6,599,921 6,599,921 -
Fund balances, September 30 6,651,065$ 3,634,573$ 6,848,645$ 3,214,072$
Budgeted Amounts
154
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-2
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
PARK ACQUISTION AND IMPROVEMENT
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
83
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Development fees 511,000$ 511,000$ 577,061$ 66,061$
Interest income 480 480 24,093 23,613
Total revenues 511,480 511,480 601,154 89,674
EXPENDITURES
Current
Community service
Park acquisition - west zone 58,431 58,431 52,980 5,451
Park acquisition - central zone - 50,000 42,268 7,732
Park acquisition - east zone 38,500 38,500 36,873 1,627
Total expenditures 96,931 146,931 132,121 14,810
Excess (deficiency) of revenues
over (under) expenditures 414,549 364,549 469,033 104,484
Other financing uses
Transfers out - (200,000) (200,000) -
Total other financing uses - (200,000) (200,000) -
Net change in fund balances 414,549 164,549 269,033 104,484
Fund balances, October 1 506,161 506,161 506,161 -
Fund balances, September 30 920,710$ 670,710$ 775,194$ 104,484$
Budgeted Amounts
155
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-3
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
FIRE TRAINING CENTER
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
84
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Licenses and Permits 28,428$ 28,428$ 46,135$ 17,707$
Interest income 300 300 9,053 8,753
Total revenues 28,728 28,728 55,188 26,460
EXPENDITURES
Current
Public safety
Fire training center 45,000 45,000 33,101 11,899
Total public safety 45,000 45,000 33,101 11,899
Excess (deficiency) of revenues
over (under) expenditures (16,272) (16,272) 22,087 38,359
Other financing sources
Insurance recoveries - - 3,000 3,000
Total other financing sources - - 3,000 -
Net change in fund balances (16,272) (16,272) 25,087 41,359
Fund balances, October 1 274,325 274,325 274,325 -
Fund balances, September 30 258,053$ 258,053$ 299,412$ 41,359$
Budgeted Amounts
156
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-4
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
FIRE DEVELOPMENT FEES
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
85
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Interest income 1,200$ 1,200$ 35,311$ 34,111$
Development fees 234,888 234,888 298,867 63,979
Total revenues 236,088 236,088 334,178 98,090
EXPENDITURES
Current
Public safety
Fire development 101,784 107,004 1,138 105,866
Total public safety 101,784 107,004 1,138 105,866
Excess of revenues
over expenditures 134,304 129,084 333,040 203,956
Fund balances, October 1 966,302 966,302 966,302 -
Fund balances, September 30 1,100,606$ 1,095,386$ 1,299,342$ 203,956$
Budgeted Amounts
157
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-5
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
MUNICIPAL COURT TECHNOLOGY FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
86
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Court fees 8,000$ 8,000$ 7,397$ (603)$
Interest income - - 812 812
Total revenues 8,000 8,000 8,209 209
EXPENDITURES
Current
Public safety 2,000 2,000 1,289 711
Total public safety 2,000 2,000 1,289 711
Excess of revenues
over expenditures 6,000 6,000 6,920 920
Net change in fund balances 6,000 6,000 6,920 920
Fund balances, October 1 21,811 21,811 21,811 -
Fund balances, September 30 27,811$ 27,811$ 28,731$ 920$
Budgeted Amounts
158
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-6
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
MUNICIPAL COURT BUILDING SECURITY FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
87
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Court fees 7,000$ 7,000$ 8,923$ 1,923$
Interest income - - 958 958
Total revenues 7,000 7,000 9,881 2,881
EXPENDITURES
Current
Public safety 9,250 14,250 5,813 8,437
Total public safety 9,250 14,250 5,813 8,437
Net change in fund balances (2,250) (7,250) 4,068 11,318
Fund balances, October 1 27,703 27,703 27,703 -
Fund balances, September 30 25,453$ 20,453$ 31,771$ 11,318$
Budgeted Amounts
159
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-7
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
HOTEL TAX FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMEBER 30, 2023
88
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Sales taxes 228,000$ 228,000$ 295,050$ 67,050$
Interest income 660 660 18,210 17,550
Miscellaneous income - - 101,297 101,297
Total revenues 228,660 228,660 414,557 185,897
EXPENDITURES
Current
Community service 95,000 243,000 105,475 137,525
Total expenditures 95,000 243,000 105,475 137,525
Excess (deficiency) of revenues
over (under) expenditures 133,660 (14,340) 309,082 323,422
Other financing uses
Transfers out (34,200) (205,650) (205,650) -
Total other financing uses (34,200) (205,650) (205,650) -
Net change in fund balances 99,460 (219,990) 103,432 323,422
Fund balances, October 1 753,188 753,188 753,188 -
Fund balances, September 30 852,648$ 533,198$ 856,620$ 323,422$
Budgeted Amounts
160
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-8
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
FEDERAL SEIZURE FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
89
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Miscellaneous income -$ -$ -$ -$
Total revenues - - - -
EXPENDITURES
Current
Public safety - - - -
Total public safety - - - -
Excess of revenues
over expenditures - - - -
Other financing uses
Transfers in - - - -
Total other financing uses - - - -
Net change in fund balances - - - -
Fund balances, October 1 829 829 829 -
Fund balances, September 30 829$ 829$ 829$ -$
Budgeted Amounts
161
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-9
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
JUDICIAL EFFICIENCY FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
90
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Court fees 1,000$ 1,000$ 1,944$ 944$
Interest income - - 263 263
Total revenues 1,000 1,000 2,207 1,207
EXPENDITURES
Current
Court - - - -
Total court - - - -
Net change in fund balances 1,000 1,000 2,207 1,207
Fund balances, October 1 7,142 7,142 7,142 -
Fund balances, September 30 8,142$ 8,142$ 9,349$ 1,207$
Budgeted Amounts
162
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-10
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
TRUANCY COURT FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
91
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Court fees 3,000$ 3,000$ 2,650$ (350)$
Interest income - - 651 651
Total revenues 3,000 3,000 3,301 301
EXPENDITURES
Current
Court 1,000 1,000 - 1,000
Total court 1,000 1,000 - 1,000
Net change in fund balances 2,000 2,000 3,301 1,301
Fund balances, October 1 18,608 18,608 18,608 -
Fund balances, September 30 20,608$ 20,608$ 21,909$ 1,301$
Budgeted Amounts
163
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT C-11
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
MUNICIPAL JUDICIAL FUND
SPECIAL REVENUE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
92
Original Final Actual
Variance with
Final Budget
Positive
(Negative)
REVENUES
Court fees 1,000$ 1,000$ 178$ (822)$
Interest income - - 14 14
Total revenues 1,000 1,000 192 (808)
EXPENDITURES
Current
Court - - - -
Total court - - - -
Net change in fund balances 1,000 1,000 192 (808)
Fund balances, October 1 342 342 342 -
Fund balances, September 30 1,342$ 1,342$ 534$ (808)$
Budgeted Amounts
164
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT D-1
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
4B DEBT SERVICE 1996 FUND
DEBT SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
93
Variance with
Final Budget -
Original Final Actual Positive (Negative)
REVENUES
Interest income -$ -$ 2,586$ 2,586$
Total revenues - - 2,586 2,586
EXPENDITURES
Debt service
Principal - - - -
Interest and fiscal charges - - - -
Total expenditures - - - -
Excess of revenues
over expenditures - - 2,586 2,586
OTHER FINANCING USES
Transfers out - (188,984) (189,505) (521)
Total other financing uses - (188,984) (189,505) (521)
Net change in fund balances - (188,984) (186,919) 2,065
Fund balances, October 1 186,919 186,919 186,919 -
Fund balances, September 30 186,919$ (2,065)$ -$ 2,065$
Budgeted Amounts
165
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS EXHIBIT D-2
BUDGETARY COMPARISON SCHEDULE (GAAP BASIS)
4B DEBT SERVICE 2005 FUND
DEBT SERVICE FUND
FOR THE YEAR ENDED SEPTEMBER 30, 2023
94
Variance with
Final Budget -
Original Final Actual Positive (Negative)
REVENUES
Interest income -$ -$ 8,491$ 8,491$
Total revenues - - 8,491 8,491
EXPENDITURES
Debt service
Principal 360,000 360,000 360,000 -
Interest and fiscal charges 28,050 28,050 28,050 -
Total expenditures 388,050 388,050 388,050 -
Excess (deficiency) of revenues
over (under) expenditures (388,050) (388,050) (379,559) 8,491
Other financing sources
Transfers in 388,050 577,034 577,555 521
Total other financing sources 388,050 577,034 577,555 521
Net change in fund balances - 188,984 197,996 9,012
Fund balances, October 1 29,350 29,350 29,350 -
Fund balances, September 30 29,350$ 218,334$ 227,346$ 9,012$
Budgeted Amounts
166
01/23/2024 Item 2.
95
STATISTICAL SECTION
167
01/23/2024 Item 2.
96
168
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
STATISTICAL SECTION
TABLE OF CONTENTS
97
This part of the City of Wylie's annual comprehensive financial report presents detailed
information as a context for understanding what the information in the financial statements, notes
disclosures, and required supplementary information says about the City's overall financial health.
This information has not been audited by the independent auditor.
Contents Table #s
Financial Trends 1-5
These tables contain trend information to help the reader understand how the City's
financial performance and well-being have changed over time.
Revenue Capacity 6-12
These tables contain information to help the reader assess the City's two most
significant local revenue sources, the property and sales taxes.
Debt Capacity 13-17
These tables present information to help the reader assess the affordability of the
City's current levels of outstanding debt and the City's ability to issue additional debt in
the future.
Economic and Demographic Information 18-19
These tables offer economic and demographic indicators to help the reader
understand the environment within which the City's financial activities take place.
Operating Information 20-22
These tables contain service and infrastructure data to help the reader understand how
the information in the City's financial report relates to the services the City provides.
Source: Unless otherwise noted, the information in these labels is derived from the annual comprehensive
financial reports for the relevant year. The City implemented GASB Statement 34 in fiscal year 2003: tables
pressing government-wide information include information beginning in that year.
169
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS (UNAUDITED)
98
2014 2015 2016 2017
Governmental Activities
Net Investment in Capital Assets 104,161,153$ 110,141,284$ 120,169,208$ 131,493,684$
Restricted 1,910,643 2,198,212 3,308,748 4,145,132
Unrestricted 15,353,055 12,040,540 14,016,198 20,176,356
Total Governmental Activities Net Position 121,424,851$ 124,380,036$ 137,494,154$ 155,815,172$
Business-type Activities
Net Investment in Capital Assets 46,332,004$ 47,855,920$ 48,313,914$ 43,143,369$
Restricted 3,682,967 5,039,922 5,883,377 7,125,122
Unrestricted 10,466,437 10,249,068 10,803,417 19,043,168
Total Business-type Activities Net Position 60,481,408$ 63,144,910$ 65,000,708$ 69,311,659$
Primary Government
Net Investment in Capital Assets 150,493,157$ 157,997,204$ 168,483,122$ 174,637,053$
Restricted 5,593,610 7,238,134 9,192,125 11,270,254
Unrestricted 25,819,492 22,289,608 24,819,615 39,219,524
Total Primary Government Net Position 181,906,259$ 187,524,946$ 202,494,862$ 225,126,831$
Note: The city began to report accrual information when it implemented GASB Statement 34 in fiscal year 2003. This
information is presented using the accrual basis of accounting.
170
01/23/2024 Item 2.
TABLE 1
99
2018 2019 2020 2021 2022 2023
139,434,589$ 144,685,908$ 159,454,525$ 163,767,912$ 165,022,233$ 172,859,764$
4,294,426 14,718,498 12,716,750 15,473,019 27,780,709 36,543,702
21,771,662 12,893,405 12,944,197 20,435,713 21,412,498 18,789,236
165,500,677$ 172,297,811$ 185,115,472$ 199,676,644$ 214,215,440$ 228,192,702$
51,965,084$ 53,636,639$ 55,515,141$ 56,032,882 57,282,050 60,622,382$
8,327,382 8,265,544 9,606,719 11,072,169 12,100,734 13,602,609
13,086,407 15,637,669 20,263,917 24,740,623 29,917,064 33,451,623
73,378,873$ 77,539,852$ 85,385,777$ 91,845,674$ 99,299,848$ 107,676,614$
191,399,673$ 198,322,547$ 214,969,666$ 219,800,794$ 222,304,283$ 233,482,146$
12,621,808 22,984,042 22,323,469 26,545,188 39,881,443 50,146,311
34,858,069 28,531,074 33,208,114 45,176,336 51,329,562 52,240,859
238,879,550$ 249,837,663$ 270,501,249$ 291,522,318$ 313,515,288$ 335,869,316$
171
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
EXPENSES, PROGRAM REVENUES, AND NET (EXPENSE)/REVENUE
LAST TEN FISCAL YEARS (UNAUDITED)
100
2014 2015 2016 2017
Expenses
Governmental Activities:
General government 4,731,511$ 8,292,990$ 9,547,712$ 8,076,571$
Public safety 16,818,848 15,265,836 16,665,427 17,893,012
Urban development 1,175,311 1,040,898 1,012,093 1,179,962
Streets 8,019,706 7,649,278 6,941,858 8,044,783
Community service 7,189,773 7,326,919 7,750,815 9,092,767
Interest on long-term debt 4,029,262 3,920,570 3,439,372 2,752,525
Total Governmental Activities Expenses 41,964,411 43,496,491 45,357,277 47,039,620
Business-type Activities
Utility 12,600,422 12,878,510 14,250,070 15,334,168
Total Business-type Activities Expenses 12,600,422 12,878,510 14,250,070 15,334,168
Total Primary Government Expenses 54,564,833$ 56,375,001$ 59,607,347$ 62,373,788$
Program Revenues
Governmental Activities:
Charges for Services:
General government 2,452,885$ 2,650,115$ 2,805,284$ 2,887,799$
Public safety 1,514,932 1,519,821 1,665,370 1,682,035
Urban development 824,241 1,399,132 1,497,411 1,589,740
Community service 875,090 946,334 383,916 382,566
Operating Grants and Contributions 332,004 467,147 359,928 364,935
Capital Grants and Contributions 6,651,870 10,343,185 12,277,481 15,186,815
Total Governmental Activities Program Revenues 12,651,022 17,325,734 18,989,390 22,093,890
Business-type Activities:
Charges for Services:
Utility 13,767,869 15,473,529 15,997,794 16,622,658
Capital Grants and Contributions 1,052,390 2,399,575 1,496,700 4,827,433
Total Business-type Activities Program Revenues 14,820,259 17,873,104 17,494,494 21,450,091
Total Primary Government Programs Revenues 27,471,281 35,198,838 36,483,884 43,543,981
Net (Expense)/Revenue
Governmental Activities (29,313,389)$ (26,170,757)$ (26,367,887)$ (24,945,730)$
Business-type Activities 2,219,837 4,994,594 3,244,424 6,115,923
Total Primary Governmental Net Expense (27,093,552) (21,176,163) (23,123,463) (18,829,807)
Note: The city began to report accrual information when it implemented GASB Statement 34 in fiscal year 2003. This
information is presented using the accrual basis of accounting.
172
01/23/2024 Item 2.
TABLE 2
101
2018 2019 2020 2021 2022 2023
10,540,621$ 11,634,904$ 12,134,312$ 12,690,079$ 13,682,957$ 14,412,031$
20,843,027 22,175,998 23,057,208 23,478,532 25,164,617 29,893,415
1,354,808 1,346,364 1,108,956 1,121,650 1,020,885 1,083,325
8,832,924 8,912,861 9,259,873 9,133,138 10,393,464 11,434,006
9,561,750 9,530,076 9,860,490 9,309,304 9,217,814 9,999,916
2,659,653 2,688,231 2,448,009 2,235,277 2,118,360 2,179,116
53,792,783 56,288,434 57,868,848 57,967,980 61,598,097 69,001,809
17,157,737 17,635,306 18,655,149 19,053,908 20,876,930 23,150,772
17,157,737 17,635,306 18,655,149 19,053,908 20,876,930 23,150,772
70,950,520$ 73,923,740$ 76,523,997$ 77,021,888$ 82,475,027$ 92,152,581$
2,924,232$ 2,919,563$ 2,968,934$ 3,133,030$ 3,376,459$ 3,593,830$
1,950,380 2,084,957 2,994,404 2,807,595 3,505,797 3,420,146
1,443,985 1,486,285 1,560,468 1,807,612 1,727,784 1,743,500
394,997 415,862 212,406 377,217 527,150 750,124
346,444 1,115,044 388,250 730,139 663,356 7,069,298
11,809,600 6,608,297 11,902,495 10,810,966 7,619,607 5,136,507
18,869,638 14,630,008 20,026,957 19,666,559 17,420,153 21,713,405
19,431,713 20,662,507 23,047,261 24,400,005 27,371,622 29,592,808
3,646,800 2,783,419 5,590,177 3,317,635 3,189,643 2,965,191
23,078,513 23,445,926 28,637,438 27,717,640 30,561,265 32,557,999
41,948,151 38,075,934 48,664,395 47,384,199 47,981,418 54,271,404
(34,923,145)$ (41,658,426)$ (37,841,891)$ (38,301,421)$ (44,177,944)$ (47,288,404)$
5,920,776 5,810,620 9,982,289 8,663,732 9,684,335 9,407,227
(29,002,369) (35,847,806) (27,859,602) (29,637,689) (34,493,609) (37,881,177)
173
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
GENERAL REVENUES AND TOTAL CHANGE IN NET POSITION
LAST TEN FISCAL YEARS (UNAUDITED)
102
2014 2015 2016 2017
Net (Expense)/Revenue
Governmental Activities (29,313,389)$ (26,170,757)$ (26,367,887)$ (24,945,730)$
Business-type Activities 2,219,837 4,994,594 3,244,424 6,115,923
Total Primary Government Net Expense (27,093,552) (21,176,163) (23,123,463) (18,829,807)
Governmental Revenues and Other Changes in Net Position
Governmental Activities:
Taxes
Property taxes 22,537,796 24,620,586 26,992,416 30,065,957
Sales taxes 5,872,316 6,663,646 7,555,687 7,993,453
Franchise Taxes 2,497,660 2,665,092 2,709,736 2,726,088
Unrestricted investment earnings 7,857 12,708 65,850 145,377
Miscellaneous income 186,802 160,750 149,534 223,012
Gain (loss) on disposal of capital assets 49,752 339,328 96,937 -
Transfers 1,709,611 1,961,899 1,911,845 2,112,861
Total Governmental Activities 32,861,794 36,424,009 39,482,005 43,266,748
Business-type Activities:
Investment earnings 98,049 93,293 103,521 135,053
Miscellaneous income 174,147 336,548 419,698 172,836
Transfers (1,709,611) (1,961,899) (1,911,845) (2,112,861)
Total Business-type Activities (1,437,415) (1,532,058) (1,388,626) (1,804,972)
Total Primary Government 31,424,379$ 34,891,951$ 38,093,379$ 41,461,776$
Change in Net Position
Governmental Activities 3,548,405$ 10,253,252$ 13,114,118$ 18,321,018$
Business-type Activities 782,422 3,462,536 1,855,798 4,310,951
Total Primary Government 4,330,827$ 13,715,788$ 14,969,916$ 22,631,969$
Note: The city began to report accrual information when it implemented GASB Statement 34 in fiscal year 2003. This
information is presented using the accrual basis of accounting.
174
01/23/2024 Item 2.
TABLE 3
103
2018 2019 2020 2021 2022 2023
(34,923,145)$ (41,658,426)$ (37,841,891)$ (38,301,421)$ (44,177,944)$ (47,288,404)$
5,920,776 5,810,620 9,982,289 8,663,732 9,684,335 9,407,227
(29,002,369) (35,847,806) (27,859,602) (29,637,689) (34,493,609) (37,881,177)
31,459,533 33,275,978 34,300,635 35,629,027 36,723,108 37,982,291
7,859,294 8,967,508 10,037,707 11,832,404 12,951,476 14,193,327
2,749,138 2,883,573 2,734,736 2,675,866 2,929,590 3,080,512
312,765 495,039 188,991 31,845 307,155 2,829,070
356,159 559,846 914,338 276,181 610,600 485,740
- - 77,901 1,109 2,706,165 132,421
2,166,807 2,273,616 2,405,244 2,416,161 2,488,646 2,562,305
44,903,696 48,455,560 50,659,552 52,862,593 58,716,740 61,265,666
212,774 266,776 138,968 62,113 195,126 1,389,590
129,963 357,199 129,912 150,213 63,359 142,254
(2,166,807) (2,273,616) (2,405,244) (2,416,161) (2,488,646) (2,562,305)
(1,824,070) (1,649,641) (2,136,364) (2,203,835) (2,230,161) (1,030,461)
43,079,626$ 46,805,919$ 48,523,188$ 50,658,758$ 56,486,579$ 60,235,205$
9,980,551$ 6,797,134$ 12,817,661$ 14,561,172$ 14,538,796$ 13,977,262$
4,096,706 4,160,979 7,845,925 6,459,897 7,454,174 8,376,766
14,077,257$ 10,958,113$ 20,663,586$ 21,021,069$ 21,992,970$ 22,354,028$
175
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS (UNAUDITED)
104
2014 2015 2016 2017
General Fund
Nonspendable 185,370$ 181,891$ 194,820$ 156,872$
Restricted 37,299 31,167 44,107 44,107
Committed 159,429 168,017 591,471 413,504
Assigned 174,173 170,213 88,788 2,884,219
Unassigned 11,737,159 13,561,725 16,272,269 16,281,977
Total General Fund 12,293,430$ 14,113,013$ 17,191,455$ 19,780,679$
All Other Governmental Funds
Restricted 14,424,699$ 12,401,450$ 12,481,571$ 15,313,781$
Committed 1,834,152 2,668,895 2,662,297 2,735,089
Total All Other Governmental Funds 16,258,851$ 15,070,345$ 15,143,868$ 18,048,870$
176
01/23/2024 Item 2.
TABLE 4
105
2018 2019 2020 2021 2022 2023
173,603$ 167,898$ 168,120$ 183,212$ 179,473$ 184,507$
29,381 37,921 38,037 57,849 499,218 300,361
354,354 378,727 416,297 521,710 510,191 563,145
1,381,468 2,948,194 60,732 72,991 84,367 35,838
16,202,153 16,509,743 21,914,768 30,403,003 30,411,011 28,554,755
18,140,959$ 20,042,483$ 22,597,954$ 31,238,765$ 31,684,260$ 29,638,606$
28,176,150$ 29,096,638$ 19,993,700$ 23,675,046$ 32,777,064$ 63,025,766$
3,083,992 2,901,614 2,341,758 1,655,993 1,746,788 2,373,948
31,260,142$ 31,998,252$ 22,335,458$ 25,331,039$ 34,523,852$ 65,399,714$
177
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS (UNAUDITED)
106
2014 2015 2016 2017
Revenues
Ad valorem taxes 22,539,230$ 24,515,600$ 27,127,964$ 30,062,648$
Sales taxes 5,872,316 6,663,646 7,555,687 7,993,453
Franchise fees 2,579,004 2,595,964 2,666,356 2,686,550
Licenses and permits 1,595,468 2,465,148 1,623,398 2,218,729
Intergovernmental 3,983,797 2,307,516 4,591,241 4,755,914
Service fees 3,852,357 4,183,790 4,306,832 4,307,000
Court fees 288,591 413,757 536,106 582,418
Development fees - 880,193 473,966 969,365
Interest income 7,857 12,708 65,850 145,377
Miscellaneous income 550,732 326,323 292,456 301,504
Total Revenues 41,269,352 44,364,645 49,239,856 54,022,958
Expenditures
General government 7,623,082 8,405,920 9,396,230 10,677,430
Public safety 14,230,747 15,064,971 17,577,736 18,190,153
Urban development 1,170,740 1,124,212 1,109,049 1,270,481
Streets 1,848,617 1,901,138 2,190,086 3,070,133
Community service 5,469,383 5,860,111 6,408,022 8,359,639
Capital outlay 8,762,342 5,167,717 5,047,777 3,493,929
Debt service
Principal 4,320,000 4,695,000 5,000,000 5,060,000
Interest and fiscal charges 4,191,706 3,707,211 3,170,926 3,181,314
Bond issuance costs - 244,695 323,391 -
Total Expenditures 47,616,617 46,170,975 50,223,217 53,303,079
Excess of Revenues
Over (Under) Expenditures (6,347,265) (1,806,330) (983,361) 719,879
Other Financing Sources (Uses)
Transfers In 5,411,900 3,594,899 3,738,641 3,477,861
Transfers Out (3,628,021) (1,633,000) (1,785,791) (1,365,000)
Issuance of long-term debt - 21,240,000 30,110,000 -
Premium on bonds issued - 3,128,967 5,833,412 -
Payment to refunded bond escrow agent - (24,376,415) (36,041,783) -
Proceeds from capital lease - - - 1,130,553
Proceeds from note - - - 86,034
Insurance recovery - - 2,110,037 1,444,899
Reimbursement from other funds - - - -
Sale of capital assets 99,744 482,956 170,810 -
Total Other Financing
Sources (Uses) 1,883,623 2,437,407 4,135,326 4,774,347
Net Change in Fund Balances (4,463,642)$ 631,077$ 3,151,965$ 5,494,226$
Debt Service as a Percentage
of Noncapital Expenditures 22.7% 21.1% 18.7% 17.7%
178
01/23/2024 Item 2.
TABLE 5
107
2018 2019 2020 2021 2022 2023
31,521,403$ 33,215,374$ 34,314,132$ 35,624,174$ 36,709,489$ 37,876,401$
7,859,294 8,967,508 10,037,707 11,832,404 12,951,476 14,193,327
2,740,472 2,845,824 2,961,998 2,696,702 2,897,152 3,015,867
2,118,115 1,766,155 1,908,981 2,008,730 2,192,510 2,739,451
1,353,146 1,400,092 2,838,041 5,191,266 4,602,908 8,790,590
4,338,603 4,698,587 4,252,796 4,880,463 5,100,703 5,557,778
486,980 318,245 251,030 305,022 332,209 340,325
273,022 448,375 477,776 599,978 317,734 875,928
312,765 495,039 188,991 31,845 307,155 2,813,441
482,294 310,171 183,002 289,114 556,397 490,347
51,486,094 54,465,370 57,414,454 63,459,698 65,967,733 76,693,455
10,041,180 10,236,046 11,645,070 11,253,180 11,645,070 11,967,582
19,420,235 20,609,710 25,534,762 22,995,835 25,534,762 28,787,518
1,309,980 1,266,940 1,052,931 1,085,839 1,052,931 1,028,608
3,165,925 3,148,092 3,563,540 2,926,280 3,563,540 4,261,461
7,696,489 7,716,418 8,482,228 7,756,927 8,482,228 9,142,230
674,969 2,674,900 7,557,044 4,939,120 7,557,044 2,822,998
5,350,000 5,655,000 6,690,000 6,380,000 6,690,000 7,180,000
3,003,262 3,180,134 2,563,350 2,556,000 2,563,350 2,634,803
89,500 - 47,654 154,686 121,823 129,135
50,751,540 54,487,240 67,136,579 60,047,867 67,210,748 67,954,335
734,554 (21,870) (9,722,125) 3,411,831 (1,243,015) 8,739,120
6,372,660 4,900,804 5,802,294 3,776,186 9,908,592 16,920,159
(4,205,853) (2,627,188) (3,397,050) (1,360,025) (7,419,946) (14,357,854)
8,500,000 - - 10,165,000 12,005,000 16,010,000
106,250 - - 1,008,899 1,106,481 1,126,452
- - - (5,521,619) (7,558,830) -
- - 384,243 - - -
- - - - - -
11,693 387,888 774,289 62,833 133,861 212,054
- - - - - -
52,248 - 81,713 93,287 2,706,165 180,277
10,836,998 2,661,504 3,645,489 8,224,561 10,881,323 20,091,088
11,571,552$ 2,639,634$ (6,076,636)$ 11,636,392$ 9,638,308$ 28,830,208$
17.1% 17.5% 17.1% 16.5% 15.7% 15.3%
179
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 6
TAX REVENUES BY SOURCE, GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS (UNAUDITED)
108
Fiscal Ad Valorem Sales Franchise
Year Taxes Taxes Taxes Total
2014 22,539,230 5,872,316 2,579,004 30,990,550
2015 24,515,600 6,663,646 2,595,964 33,775,210
2016 27,127,964 7,555,687 2,666,356 37,350,007
2017 30,062,648 7,993,453 2,686,550 40,742,651
2018 31,521,403 7,859,294 2,740,472 42,121,169
2019 33,215,374 8,967,508 2,845,824 45,028,706
2020 34,314,132 10,037,707 2,961,998 47,313,837
2021 35,624,174 11,832,404 2,696,702 50,153,280
2022 36,709,489 12,951,476 2,897,152 52,558,117
2023 37,876,401 14,193,327 3,015,867 55,085,595
Percent
Change 15,337,171$ 8,321,011$ 436,863$ 24,095,045$
2014-2023 68.0% 141.7% 16.9% 77.7%
180
01/23/2024 Item 2.
TABLE 7
CITY OF WYLIE, TEXAS
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS (UNAUDITED)
109
Less: Total Taxable Total
Fiscal Residential Commercial Industrial Tax-Exempt Assessed Direct Tax
Year Property Property Property Property Value Rate
2014 2,029,810,891 385,941,414 120,187,762 119,114,535 2,416,825,532 0.8839
2015 2,159,677,849 456,585,488 120,520,310 118,002,192 2,618,781,455 0.8789
2016 2,403,735,226 493,073,892 184,902,709 160,657,963 2,921,053,864 0.8689
2017 2,796,346,833 524,315,031 174,771,677 169,870,475 3,325,563,066 0.8489
2018 3,184,597,754 591,109,898 210,303,769 209,198,308 3,776,813,114 0.7810
2019 3,616,909,043 650,624,491 201,759,611 209,789,356 4,259,503,789 0.7258
2020 3,980,455,949 702,559,463 214,177,830 220,278,824 4,676,914,418 0.6885
2021 4,152,109,035 771,948,729 188,882,599 231,292,765 4,881,647,598 0.6720
2022 4,583,130,357 756,764,219 190,265,923 240,544,476 5,289,616,023 0.6438
2023 5,355,320,430 849,037,364 190,977,521 196,307,017 6,199,028,298 0.5623
Source: Central Appraisal District of Collin County web site (www.collincad.org)
181
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 8
DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS (UNAUDITED)
110
General Wylie Community Collin County Total Direct &
Fiscal Basic Obligation Total Independent Independent Collin Community Overlapping
Year Rate Debt Service Direct Rate School District School District County College District Rates
2014 0.593314 0.290586 0.883900 1.6400 1.6250 0.2375 0.0836 4.4700
2015 0.597978 0.280922 0.878900 1.6400 1.6150 0.2350 0.0820 4.4509
2016 0.611583 0.257317 0.868900 1.6400 1.6250 0.2250 0.0820 4.4409
2017 0.623399 0.225501 0.848900 1.6400 1.6250 0.2084 0.0812 4.4035
2018 0.580307 0.200693 0.781000 1.6400 1.6250 0.1922 0.0798 4.3181
2019 0.538206 0.186420 0.725848 1.6400 1.6700 0.1808 0.0812 4.2979
2020 0.516225 0.172229 0.688454 1.5384 1.5684 0.1750 0.0812 4.0514
2021 0.512180 0.159799 0.671979 1.5205 1.4862 0.1725 0.0812 3.9324
2022 0.491864 0.151887 0.643751 1.4598 1.4603 0.1681 0.0812 3.8132
2023 0.427919 0.134414 0.562333 1.3979 1.4429 0.1524 0.0812 3.6368
(1) Source: Central appraisal District of Collin County web site (www.collincad.org).
(2) Although the Community Independent School District is included in the above presentation, less than one percent of the City of Wylie lies within this taxing jurisdiction.
(3) Basis for property tax rate is per $100 of taxable valuation.
City Direct Rates Overlapping Rates
182
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 9
PRINCIPAL PROPERTY TAX PAYERS
CURRENT YEAR AND TEN YEARS AGO (UNAUDITED)
111
Percentage Percentage
Taxable of Total City Taxable of Total City
Assessed Taxable Assessed Taxable
Taxpayer Value Rank Assessed Value Value Rank Assessed Value
LPRE Wylie LLC 58,415,578$ 1 0.94%
BVF-V Wylie LLC 54,311,833 2 0.88%
Seventy8 & Westgate LP 54,237,119 3 0.87%
VHP Owner LLC 54,000,000 4 0.87%
Mack (Wylie) LLC 46,265,000 5 0.75%
Woodbridge Wylie Owner LLC 44,478,162 6 0.72%
Tower Extrusion LTD 39,792,541 7 0.64%
Sanden International (USA) Inc. 35,930,248 8 0.58% 45,551,408 1 1.88%
2000 Country Club Road LLC 33,778,758 9 0.54%
Holland Hitch of Tx Inc. 25,820,379 10 0.42% 15,370,723 5 0.64%
Oncor Electric Delivery Company LLC 23,098,500 11 0.37% 20,786,902 4 0.86%
Sanden International (USA) Inc. 17,853,347 12 0.29% 14,500,000 7 0.60%
Bloomfield Homes LP 17,491,945 13 0.28%
Yes Companies Key LLC 15,236,470 14 0.25% 10,849,257 11 0.45%
Wal-Mart Real Estate Business TR 14,873,775 15 0.24% 14,511,815 6 0.60%
Kroger Texas LP 14,736,350 16 0.24%
Westdale Rustic Oaks LTD 14,477,285 17 0.23% 6,588,053 20 0.27%
Kansas City Southern Railway Co. 13,731,786 18 0.22%
HTA-Wylie Medical Plaza LLC 13,498,771 19 0.22%
Target Corporation 13,299,979 20 0.21% 14,276,420 8 0.59%
Woodbridge Dallas Associates LLC - 26,065,856 2 1.08%
Woodbridge Crossing LP - 23,441,647 3 0.97%
Carlisle Coating & Waterproofing Inc. - 10,685,356 12 0.44%
Atrium Companies Inc. - 9,318,215 14 0.39%
Cascades Apartments LTD - 12,000,000 9 0.50%
Best Circuit Boards Inc. - 11,428,832 10 0.47%
GTE Southwest Inc. - 9,415,834 13 0.39%
Sooners Group LP - 8,350,037 16 0.35%
Windough (DE) LP - 7,568,282 17 0.31%
Wal-Mart Stores Texas LLC - 6,913,691 19 0.29%
Ascend Custom Extrusions LLC - 8,385,681 15 0.35%
PM Wylie Mob LP - 7,147,156 18 0.30%
Total 605,327,826$ 9.76% 283,155,165$ 11.73%
(1) Source: Central Appraisal District of Collin County website (www.collincad.org)
2023 2013
183
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 10
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS (UNAUDITED)
112
Fiscal Taxes Levied Collections
Year Ended for the Percentage in Subsequent Percentage
September 30 Fiscal Year Amount of Levy Years Amount of Levy
2014 22,501,648 22,192,325 98.63% 222,173 22,414,498 99.61%
2015 24,313,312 24,045,424 98.90% 267,888 24,313,312 100.00%
2016 26,864,127 26,549,430 98.83% 314,697 26,864,127 100.00%
2017 29,991,374 29,659,723 98.89% 250,376 29,910,099 99.73%
2018 31,349,629 31,134,716 99.31% 214,914 31,349,629 100.00%
2019 32,977,950 32,767,801 99.36% 210,149 32,977,950 100.00%
2020 34,488,548 34,183,944 99.12% 6,296 34,190,240 99.14%
2021 35,349,912 35,243,082 99.70% 106,830 35,349,912 100.00%
2022 36,688,809 36,487,796 99.45% 71,986 36,559,782 99.65%
2023 37,764,209 37,605,247 99.58% 108,726 37,713,973 99.87%
Collected Within the
Fiscal Year of the Levy Total Collections to Date
184
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 11
DIRECT AND OVERLAPPING SALES TAX RATE
LAST TEN FISCAL YEARS (UNAUDITED)
113
City Wylie Economic
Fiscal Direct Development Collin
Year Rate Corporation County
2014 1.50% 0.50% 0.00%
2015 1.50% 0.50% 0.00%
2016 1.50% 0.50% 0.00%
2017 1.50% 0.50% 0.00%
2018 1.50% 0.50% 0.00%
2019 1.50% 0.50% 0.00%
2020 1.50% 0.50% 0.00%
2021 1.50% 0.50% 0.00%
2022 1.50% 0.50% 0.00%
2023 1.50% 0.50% 0.00%
Note: The City sales tax rate includes the City sales tax rate of one percent and the
blended component unit rate of one-half percent
185
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
TAXABLE SALES BY CATEGORY
LAST TEN CALENDAR YEARS (UNAUDITED)
114
2014 2015 2016 2017
Construction 497,754$ 479,336$ 536,173$ 452,735$
Manufacturing 101,808 80,028 103,575 96,116
Transportation, Communications 291,838 179,077 212,058 212,407
Wholesale Trade 100,203 166,717 168,752 361,554
Retail Trade 3,303,378 3,633,909 4,169,961 4,560,251
Other 3,435,545 4,228,072 4,736,506 4,826,441
Total 7,730,526$ 8,767,139$ 9,927,025$ 10,509,504$
Note: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended
to provide alternative information regarding the sources of revenue. The tax liability includes the City sales tax rate of one percent and
the blended component unit rate of one-half percent.
186
01/23/2024 Item 2.
TABLE 12
115
2018 2019 2020 2021 2022 2023
830,425$ 1,147,234$ 1,400,203$ 1,349,292$ 1,259,862$ 2,639,188$
119,847 119,923 149,700 163,358 351,938 232,780
318,281 349,457 307,326 326,043 349,669 351,452
644,085 677,446 824,396 787,434 912,782 1,076,438
5,513,345 6,133,235 6,873,957 8,526,052 9,268,619 8,975,402
2,825,054 3,253,254 3,578,388 4,349,705 4,502,258 5,171,921
10,251,037$ 11,680,549$ 13,133,970$ 15,501,884$ 16,645,128$ 18,447,181$
187
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS (UNAUDITED)
116
General Combination
Fiscal Obligation Tax/Revenue Certificates of
Year Bonds Bonds Obligation
2014 78,121,976 12,789,364 -
2015 75,375,018 11,864,899 -
2016 83,016,024 1,925,435 -
2017 78,187,253 1,233,553 -
2018 73,139,939 9,115,985 -
2019 67,281,896 8,886,207 -
2020 61,128,854 8,561,429 -
2021 55,044,633 13,479,773 -
2022 54,794,863 12,990,606 -
2023 64,683,015 12,422,598 -
General Water Combination
Fiscal Obligation Revenue Tax/Revenue
Year Bonds Bonds Bonds
2014 2,329,667 - 5,706,367
2015 1,622,945 - 5,365,657
2016 6,025,224 - 324,947
2017 5,816,174 - 7,134,237
2018 4,875,035 - 7,388,900
2019 4,184,968 - 7,327,492
2020 3,574,899 - 7,216,084
2021 3,116,788 - 6,871,073
2022 2,619,076 - 6,543,956
2023 2,139,718 - 6,206,838
(1) Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(2) See the Demographic and Economic Statistics table (Table 18) for population data.
General Bonded Debt
Business-type Activities
188
01/23/2024 Item 2.
TABLE 13
117
General Tax
Obligation Revenue Contractual Loans and Financed
Bonds Bonds Obligations Obligation Purchases
3,588,513 280,000 1,447,896 189,938 61,324
3,539,481 145,000 1,388,031 77,660 25,336
3,223,125 - 1,323,166 - -
2,911,894 - 1,258,333 - 892,734
2,559,435 - 1,193,436 - 678,036
2,220,091 - 1,123,571 - 457,778
1,870,746 - 1,053,706 - 542,066
1,511,401 - 978,841 - 237,027
1,152,057 - - 79,529 160,983
777,712 - - 19,290 82,012
Total Percentage
Contractual Financed Primary of Personal Per
Obligations Purchases Government (1) Income Capita (2)
- - 104,515,045 7.37% 2,371
- - 99,404,027 6.61% 2,162
- - 95,837,921 6.13% 2,027
- - 97,434,178 6.08% 2,039
- - 98,950,766 5.36% 1,903
- - 91,482,002 4.80% 1,705
- 3,333,667 87,281,452 4.71% 1,582
- 3,010,104 84,249,640 4.32% 1,433
- 2,702,733 81,043,803 4.32% 1,331
- 2,388,988 88,720,171 4.32% 1,421
Other Governmental Activities Debt
189
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 14
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS (UNAUDITED)
118
General Percentage
Fiscal Obligation Less: Restricted Net Bonded Actual Taxable Per
Year Bonds for Debt Service Debt Value of Property Capita
2014 84,040,156 281,183 83,758,973 3.47% 1,900
2015 80,537,444 470,789 80,066,655 3.06% 1,742
2016 92,264,373 675,565 91,588,808 3.14% 1,937
2017 86,915,321 820,559 86,094,762 2.59% 1,802
2018 80,574,410 1,095,418 79,478,992 2.10% 1,585
2019 73,686,955 1,187,960 72,498,995 1.70% 1,393
2020 66,574,499 1,244,524 65,329,975 1.53% 1,257
2021 59,672,822 1,122,215 58,550,607 1.20% 1,062
2022 58,565,996 842,926 57,723,070 1.09% 948
2023 67,600,445 532,087 67,068,358 1.08% 1,074
General Bonded Debt Outstanding
190
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 15
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
(UNAUDITED)
119
(4) Estimated
Estimated Share of
Debt Percentage Direct and
Governmental Unit (3) Outstanding Applicable Overlapping Debt
Debt Repaid with Property Taxes
Wylie Independent School District 403,108,753$ (1) 63.07% 254,240,691$
Collin County 721,825,000 (1) 3.23% 23,314,948
Collin County Community College District 480,350,000 (1) 3.23% 15,515,305
Community Independent School District 490,885,000 (1) 0.35% 1,718,098
Garland Independent School District 992,285,000 (1) 0.19% 1,885,342
Princeton Independent School District 870,134,869 (1) 0.66% 5,742,890
Rockwall County 137,325,000 (1) 0.57% 782,753
Subtotal, Overlapping Debt 303,200,025
City Direct Debt (2) 77,984,627
Total Direct and Overlapping Debt 381,184,652$
Ratio of Direct and Overlapping Bonded Debt to
Taxable Assessed Valuation 6.17%
Per Capita Direct and Overlapping Debt 6,130$
(1) Source: Municipal Advisory Council of Texas
(2) Excludes business-type activities debt
(3) Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This
schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents
and businesses of the City of Wylie, Texas. This process recognizes that, when considering the government's ability to
issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into
account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt,
of each overlapping government.
(4) The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable
percentages were estimated by determining the portion of the various governments' taxable assessed value that is within
the government's boundaries and dividing it by the total taxable assessed value.
191
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
LEGAL DEBT MARGIN INFORMATION
LAST TEN FISCAL YEARS (UNAUDITED)
120
2014 2015 2016 2017
Debt Limit 241,682,553$ 261,878,146$ 292,105,386$ 332,556,307$
Total Net Debt Applicable to Limit 75,018,154 72,168,010 79,238,061 73,997,534
Legal Debt Margin 166,664,399 189,710,136 212,867,325 258,558,773
Total Net Debt Applicable to the Limit
As a percentage of Debt Limit 31.04% 27.56% 27.13% 22.25%
Legal Debt Margin Calculation for the Current Fiscal Year
Assessed Value 6,199,027,298$
Debt Limit (10%) of Assessed Value)619,902,730
Debt Applicable to Limit:
General Obligation Bonds 61,500,000
Less: Amount Set Aside for Repayment of
General Obligation Debt (9,415,471)
Total Net Debt applicable to Limit 52,084,529
Legal Debt Margin 567,818,201$
(1) Texas state law does not prescribe a debt limit; however, by custom, a practical economic debt limit
of 10% of the assessed valuation is used. By law, the general obligation debt subject to the limitation
may be offset by the amount set aside for repaying general obligation debt.
192
01/23/2024 Item 2.
TABLE 16
121
2018 2019 2020 2021 2022 2023
377,681,311$ 425,950,379$ 467,691,442$ 488,164,745$ 528,961,602$ 619,902,730$
67,964,648 61,661,330 55,074,262 48,583,868 48,048,018 52,084,529
309,716,663 364,289,049 412,617,180 439,580,877 480,913,584 567,818,201
18.00% 14.48% 11.78% 9.95% 9.08% 8.40%
193
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 17
PLEDGED-REVENUE COVERAGE
LAST TEN FISCAL YEARS (UNAUDITED)
122
Utility Less: Net
Fiscal Service Operating Available
Year Charges (1) Expenses (2) Revenue Principal Interest Total Coverage
2014 13,767,869 10,395,146 3,372,723 345,000 235,475 580,475 5.81
2015 15,473,529 10,531,564 4,941,965 355,000 221,475 576,475 8.57
2016 15,997,794 11,849,326 4,148,468 370,000 211,638 581,638 7.13
2017 18,169,571 12,832,323 5,337,248 - 285,282 285,282 18.71
2018 19,431,713 14,434,320 4,997,393 50,000 240,019 290,019 17.23
2019 20,662,507 14,895,221 5,767,286 100,000 238,519 338,519 17.03
2020 23,047,261 15,809,435 7,237,826 310,000 234,419 544,419 13.28
2021 24,400,005 16,110,604 8,289,401 320,000 228,119 548,119 15.11
2022 27,371,622 17,720,047 9,651,575 330,000 218,319 548,319 17.60
2023 29,592,808 19,989,715 9,603,093 340,000 204,919 544,919 4.67
(1) Includes total operating revenue of the Utility Enterprise Fund
(2) Includes operating expenses of the Utility Enterprise Fund, less depreciation expense.
(3) Debt service requirements includes principal and interest payments on revenue bonds.
Water Revenue Bonds
Debt Service (3)
194
01/23/2024 Item 2.
123
195
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS (UNAUDITED)
124
2014 2015 2016 2017
Population (1) 44,089 45,970 47,776 50,152
Personal Income (in thousands of dollars) 1,417,550$ 1,504,632$ 1,579,381$ 1,682,796$
Per Capita Personal Income 32,152$ 32,731$ 33,058$ 33,554$
Median Age 31.7 31.7 31.7 31.7
Education Level in
Years of Schooling (2)
Less than high school graduate 16.1% 16.1% 16.1% 16.1%
High school graduate (or equivalent) 23.5% 23.5% 23.5% 23.5%
Some college/associate's degree 28.5% 28.5% 28.5% 28.5%
Bachelor's degree 24.5% 24.5% 24.5% 24.5%
Masters, professional, or doctorate 6.7% 6.7% 6.7% 6.7%
School Enrollment 13,673 14,557 15,023 15,709
Unemployment (3) 4.6% 4.1% 3.2% 3.4%
(1) Population estimate from City of Wylie website.
(2) Education statistics for 2013-2020 per the 2010 U.S. Census; for 2021-2023 per the 2020 U.S. Census for population
25 years of age and older
(3) Unemployment rates from the Texas Workforce Commission website (www.twc.state.tx.us).
196
01/23/2024 Item 2.
TABLE 18
125
2018 2019 2020 2021 2022 2023
52,003 53,653 55,156 59,028 60,876 62,434
1,845,898$ 1,823,484$ 1,855,062$ 1,959,848$ 2,226,053$ 2,343,148$
35,496$ 33,987$ 33,633$ 33,202$ 36,567$ 37,530$
33.2 33.3 33.4 33.6 33.5 33.7
16.1% 16.1% 16.1% 7.8% 7.8% 7.8%
23.5% 23.5% 23.5% 21.8% 21.8% 21.8%
28.5% 28.5% 28.5% 34.1% 34.1% 34.1%
24.5% 24.5% 24.5% 25.8% 25.8% 25.8%
6.7% 6.7% 6.7% 10.5% 10.5% 10.5%
16,466 17,164 17,392 18,159 18,703 19,176
3.2% 2.9% 6.7% 6.2% 2.7% 4.2%
197
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 19
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO (UNAUDITED)
126
Percentage Percentage
of Total City of Total City
Employer Employees Rank Employment Employees Rank Employment
Wylie ISD 2,817 1 22.51% 1,836 1 22.63%
North Texas Municipal Water District 840 2 6.71% 550 2 6.78%
Extruders / Tower Extrusion 550 3 4.39% 250 6 3.08%
City of Wylie 436 4 3.48% 329 4 4.05%
Wal-Mart 397 5 3.17% 320 5 3.94%
Sanden Intl. (USA), Inc. 288 6 2.30% 464 3 5.72%
Avanti Windows & Doors 275 7 2.20% - - 0.00%
Kroger 252 8 2.01% - - 0.00%
Home Depot 240 9 1.92% - - 0.00%
Target 225 10 1.80% 223 7 2.75%
Total 6,320 50.50% 3,972 48.95%
Source: Wylie Economic Development Corporation
2023 2014
198
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 20
FULL-TIME EQUIVALENT EMPLOYEES BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS (UNAUDITED)
127
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function/Program
General Government
Management Services 13 14 14 15 16 18 18 18 20 20
Finance 9 9 9 9 9 9 9 9 8 8
Planning 5 5 6 6 6 5 3 3 3 3
Building 6 6 6 6 6 6 6 6 6 6
Other 7 6 7 8 9 9 14 14 15 15
Police
Officers 49 55 63 63 63 66 70 70 70 72
Civilian 8 8 8 9 11 11 12 17 21 23
Fire
Firefighters and Officers 45 45 49 52 52 53 57 62 68 74
Civilians 3 3 3 3 3 3 4 4 4 4
Animal Control 6 7 7 7 8 8 8 8 8 8
Dispatch 10 11 12 13 13 14 14 15 16 16
Streets 11 13 16 17 18 18 19 20 21 21
Other Public Works
Engineering 3 3 3 3 3 - - - 6 6
Other 11 11 11 11 11 14 14 15 11 11
Parks and Recreation 43 44 48 49 51 51 57 57 62 63
Library 22 24 24 25 27 27 27 27 27 27
Water 15 15 15 19 19 19 16 16 16 16
Wastewater 6 6 6 6 7 9 11 12 12 12
EDC 2 2 3 3 3 3 3 3 4 4
Total 274 287 310 322 335 343 362 377 400 410
Source: City of Wylie annual budget book
Full-Time Equivalent Employees as of Year End
199
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS (UNAUDITED)
128
2014 2015 2016 2017
Function/Program
General Government
Building Permits Issued 298 484 433 667
Building Permits Value (thousands) (1) 113,783$ 106,488$ 107,516$ 201,540$
Police
Physical Arrests 794 973 1,385 1,026
Violations Issued 2,435 2,691 4,188 4,228
Warrants Issued 808 919 701 1,492
Fire
Emergency Responses 3,527 4,168 4,311 4,478
Fires Extinguished 49 62 89 168
Inspections 2,380 1,980 2,039 2,150
Other Public Works
Street Resurfacing (miles) 3 2 4 5
Potholes Repaired 28 18 43 44
Parks and Recreation
Athletic Field Permits Issued 113 28 28 63
Pavilion/Gazebo Permits Issued 167 151 202 153
Recreation Facility Attendance 267,066 286,357 328,495 367,665
Baseball/Softball Fields 24 26 26 26
Soccer/Football/Cricket/Disc Golf Fields 22 22 23 23
Basketball/Volleyball/Pickleball Courts 10 10 10 10
Pavilions/Gazebos 15 15 15 15
Library
Volumes in Collection 99,744 103,544 109,392 114,715
Water
New Connections 125 1,240 1,219 678
Water Main Breaks 7 3 4 -
Average Daily Consumption (gallons) 3,106,694 3,625,151 3,719,076 3,543,448
Source: City Departments
(1) Legislature passed a law that prohibits asking for value on permit application.
* Covid related reduction in services
200
01/23/2024 Item 2.
TABLE 21
129
2018 2019 2020 2021 2022 2023
617 443 500 577 402 397
155,666$ 242,535$ 242,535$ N/A N/A N/A
1,333 815 666 710 799 818
2,812 2,117 1,791 2,065 1,724 2,443
870 642 250 159 790 1,203
4,755 4,879 4,840 5,708 5,726 5,767
72 85 107 109 157 127
2,724 2,478 3,242 2,948 2,319 2,416
3 3 0.25 0.9 2 2
81 138 183 283 403 420
41 37 28 62 116 118
165 153 75 163 142 160
462,309 509,083 249,028* 285,110* 330,187 381,305
26 26 26 26 26 24
23 23 23 23 23 23
10 10 10 10 10 12
15 15 17 17 17 17
140,905 151,864 156,824 166,059 167,444 171,233
139 165 252 268 321 596
1 7 6 6 5 4
4,881,666 3,980,000 3,791,394 3,882,015 3,463,902 4,436,853
201
01/23/2024 Item 2.
CITY OF WYLIE, TEXAS TABLE 22
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS (UNAUDITED)
130
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function/Program
Police Stations 1 1 1 1 1 1 1 1 1 1
Fire Stations 3 3 3 3 3 3 3 3 4 4
Other Public Works
Streets (miles) 194 200 205 212 243 250 250 272 250 304
Alleys (miles) 41 42 42 42 42 42 42 26 33 34
Traffic Signals 17 21 24 25 26 26 26 27 27 26
Parks and Recreation
Acreage 877 886 886 916 910 910 910 910 910 910
Playgrounds 14 15 17 18 18 19 19 19 23 23
Recreation Facilities 3 4 4 4 4 4 4 4 4 4
Water
Water Mains (miles) 157 157 158 161 161 185 225 198 188 190
Fire Hydrants 1,608 1,690 1,707 1,789 1,818 1,857 1,921 2,289 1,938 1,981
Number of service connections 12,894 14,134 15,353 16,031 16,171 17,103 17,499 17,470 17,643 18,388
Wastewater
Sanitary Sewers (miles) 173 178 183 188 204 228 228 230 219 222
Education Wylie ISD
Campuses in Wylie 19 19 20 20 20 20 20 20 20 20
Source: City Departments
202
01/23/2024 Item 2.
City of Wylie,Texas
Federal Single Audit Report
Year Ended September 30,2023
203
01/23/2024 Item 2.
Independent Auditor's Report on Internal Control over
Financi al Reporting and on Compliance and Other Matters
Based on an Audit of Financial Statements Perform ed
in Accordance with Government Auditing Standards
Honorable Mayor and
Members of the City Council
City of Wylie,Texas
We have audited,in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States,the financial statements of the governmental
activities,the business-type activities,the discretely presented component unit,each major fund,and the
aggregate remaining fund information of City of Wylie,Texas (the City),as of and for the year ended
September 30,2023,and the related notes to the financial statements,which collectively comprise the
City's basic financial statements,and have issued our report thereon dated January 17,2024.
Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements,we considered the City's internal control
over financial reporting (internal control)as a basis for designing procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements,but not for the
purpose of expressing an opinion on the effectiveness of the City's internal control.Accordingly,we do
not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees,in the normal course of performing their assigned functions,to prevent,or
detect and correct,misstatements on a timely basis.A material weakness is a deficiency,or a
combination of deficiencies,in internal control,such that there is a reasonable possibility that a material
misstatement of the entity's financial statements will not be prevented,or detected and corrected on a
timely basis.A significant deficiency is a deficiency,or a combination of deficiencies,in internal control
that is less severe than a material weakness,yet important enough to merit attention by those charged
with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies.Given these limitations,during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses.However,material
weaknesses or significant deficiencies may exist that have not been identified.
Report on Com pliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are free from
material misstatement,we performed tests of its compliance with certain provisions of laws,regulations,
contracts,and grant agreements,noncompliance with which could have a direct and material effect
on the financial statements.However,providing an opinion on compliance with those provisions was not
an objective of our audit,and accordingly,we do not express such an opinion.The results of our tests
disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards.
Weaver and Tidwell,L.L.P.
1800 Hughes Landing Blvd,Suite 400 I The Woodlands,Texas 77380
1 Main:713.800.1060
CPAsAND ADVISORS I WEAV ER.COM
204
01/23/2024 Item 2.
Independent Auditor's Report on Compliance for Each M ajor Federal Program,
Report on Internal Control over Compliance,and Report on the Schedule of
Expenditures of Federal Awards Required by the Uniform Guidance
The Honorable Mayor and City Council
City of Wylie,Texas
Report on Compliance for Each M ajor Federal Program
Opinion on Each Major Federal Program
We have audited the City of Wylie,Texas (the City)'s compliance with the types of compliance
requirements identified as subject to audit in the 0MB Compliance Supplement that could have a direct
and material effect on each of the City's major federal programs for the year ended September 30,2023.
The City's major federal programs are identified in the summary of auditor's results section of the
accompanying schedule of findings and questioned costs.
In our opinion,the City complied,in all material respects,with the compliance requirements referred to
above that could have a direct and material effect on each of its major federal programs for the year
ended September 30,2023.
Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in
the United States of America (GAAS);the standards applicable to financial audits contained in
Government Auditing Standards issued by the Comptroller General of the United States (Government
Auditing Standards);and the audit requirements of Title 2 U.S.Code of Federal Regulations Part 200,
Uniform Administrative Requirements,Cost Principles,and Audit Requirements for Federal Awards (Uniform
Guidance).Our responsibilities under those standards and the Uniform Guidance are further described in
the Auditor's Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the City and to meet our other ethical responsibilities,in
accordance with relevant ethical requirements relating to our audit.We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each
major federal program.Our audit does not provide a legal determination of the City's compliance with
the compliance requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design,
implementation,and maintenance of effective internal control over compliance with the requirements
of laws,statutes,regulations,rules and provisions of contracts or grant agreements applicable to the City's
federal programs.
Weaver and Tidwell,L.L.P.
1800 Hughes Landing Blvd,Suite 400 I The Woodlands,Texas 77380
3 Main:713.800.1060
CPA s A ND A D VISORS I W EAVER.CO M
205
01/23/2024 Item 2.
The Honorable Mayor and City Council
City of Wylie,Texas
Our consideration of internal control over compliance was for the limited purpose described in the
Auditor's Responsibilities for the Audit of Compliance section above and was not designed to identify all
deficiencies in internal control over compliance that might be material weaknesses or significant
deficiencies in internal control over compliance.Given these limitations,during our audit we did not
identify any deficiencies in internal control over compliance that we consider to be material weaknesses,
as defined above.However,material weaknesses or significant deficiencies in internal control over
compliance may exist that were not identified.
Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal
control over compliance.Accordingly,no such opinion is expressed.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing
of internal control over compliance and the results of that testing based on the requirements of the
Uniform Guidance.Accordingly,this report is not suitable for any other purpose.
Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance
We have audited the financial statements of the governmental activities,the business-type activities,the
discretely-presented component unit,each major fund,and the aggregate remaining fund information
of the City as of and for the year ended September 30,2023 and the related notes to the financial
statements,which collectively comprise the City's basic financial statements.We issued our report
thereon dated January 17,2024 which contained unmodified opinions on those financial statements.Our
audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the basic financial statements.The accompanying schedule of expenditures of federal awards
is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required
part of the basic financial statements.Such information is the responsibility of management and was
derived from and relates directly to the underlying accounting and other records used to prepare the
basic financial statements.The information has been subjected to the auditing procedures applied in the
audit of the financial statements and certain additional procedures,including comparing and
reconciling such information directly to the underlying accounting and other records used to prepare the
basic financial statements or to the basic financial statements themselves,and other additional
procedures in accordance with auditing standards generally accepted in the United States of America.
In our opinion,the schedule of expenditures of federal awards is fairly stated,in all material respects,in
relation to the basic financial statements as a whole.
WEAVER AND TIDWELL,L.L.P.
The Woodlands,Texas
January 17,2024
5
206
01/23/2024 Item 2.
City of Wylie,Texas
Schedule of Findings and Questioned Costs
For the Year Ended September 30,2023
II.Findings Relating to the Financial Statements which are Required to be Reported in
Accordance with Genera lly Acc epted Government Auditing Standards
None
7
207
01/23/2024 Item 2.
City of Wylie,Texas
Summary of Prior Audit Findings
For the Year Ended September 30,2023
IV.Summary of Prior Year Findings
None
9
208
01/23/2024 Item 2.
City of Wylie,Texas
Notes to Schedule of Expenditures of Federal Awards
For the Year Ended September 30,2023
1.Basis of Presentation
The City accounts for most of its Federal grants in Special Revenue Funds.Special Revenue Funds are
governmental funds which can be used to account for resources restricted to,or committed for,specific
purposes by a granter.Generally,unused balances are returned to the granter at the close of specified
project periods.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the
City and is presented on the modified accrual basis of accounting as described in Note 1 to the basic
financial statements for the year ended September 30,2023.
The City elected not to use the 10%de minimis indirect cost rate as allowed in the Uniform Guidance,
section 414.
11
209
01/23/2024 Item 2.
City of Wylie
City Council Meeting
January 23, 2024
210
01/23/2024 Item 2.
Overview
Introduction
Audit Process
Audit Results
Required Communications
Financial Highlights
Discussion
2 211
01/23/2024 Item 2.
Weaver
National Firm, Local Touch
At Weaver, there are no “one-size-fits-all” solutions. We combine
leading technical knowledge with specific industry experience to
provide highly customized services tailored to each client’s needs.
Best of the Best Firms (2022)
212
01/23/2024 Item 2.
6
Engagement Leadership
John DeBurro, CPA
Partner,
Assurance Services
20+ years of public accounting
experience
Dedicated to serving public
sector clients
GFOA Special Review Committee
Member
7+ years of public accounting
and public sector experience
Dedicated to serving public
sector clients
Available Throughout the Year to Discuss Issues
Lauren Futch, CPA
Manager,
Assurance Services
213
01/23/2024 Item 2.
Audit Process
Audit Process
214
01/23/2024 Item 2.
| 6
Engagement Timeline
Continuous
Communication
Initial Audit
Planning
Interim Fieldwork
Aug 28 -31
Final Fieldwork
Nov 13–Dec 8
Audit Opinion
Issued
January 17
Council Meeting
January 23
Discuss
Developments/
Issues
215
01/23/2024 Item 2.
Audit Process
•The audit was performed in accordance with
Generally Accepted Auditing Standards (GAAS),
Generally Accepted Government Auditing
Standards (GAGAS), and The Uniform Guidance.
•The audit process was a risk-based approach in
which we identified potential areas of risk that
could lead to material misstatement of the
financial statements. We tailored our audit
programs and resources to specifically address
areas of risk, such as:
•Revenue recognition and related receivables
•Capital projects, purchasing and compliance
with bidding procedures
•Payables, accrued liabilities, and expenditures
•Cash and Investments
•Long-term debt
| 7 216
01/23/2024 Item 2.
Audit Process
•Walkthroughs of accounting controls over significant
transaction cycles:
A.Cash Disbursements and Purchases
B.Payroll Disbursements (including TMRS data)
C.Cash Receipts
A.Utility Billing Receipts C. Parks and Recreation
B.Municipal Court D. Other
D.Budget and Financial Close Process
•Tests of compliance with the Public Funds Investment Act
•Control testing over cash disbursements and payroll
| 8
Interim fieldwork and risk assessment were performed
in August 2023. Procedures included:
217
01/23/2024 Item 2.
Audit Process
Testing account balances and current year activity using a
combination of:
analytics, vouching of material transactions, and sampling
Performed Single Audit over the City’s major Federal program:
Coronavirus State and Local Fiscal Recovery Funds
Tested:
Allowable Cost / Cost Principles
Activities Allowed or Unallowed
Period of Performance
Reporting
Assistance with preparation of the annual comprehensive
financial report (ACFR)
| 9
Final fieldwork-performed in November and
December 2023 -Procedures included:
218
01/23/2024 Item 2.
Audit Results
219
01/23/2024 Item 2.
11
Auditor Results
•We issued the Independent Auditor’s Report on the financial
statements
–Unmodified (Clean) Opinion
•We issued the Independent Auditor’s Report on Internal Control
over Financial Reporting and on Compliance and Other Matters
Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards
–No material weaknesses noted
•We issued the Independent Auditor’s Report on Compliance for
Each Major Federal Program, Report on Internal Control over
Compliance, and Report on the Schedule of Expenditures of
Federal Awards Required by the Uniform Guidance
–Unmodified (clean) opinion
–No material weaknesses
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01/23/2024 Item 2.
12
Auditor Communications
for the year ended September 30, 2023
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01/23/2024 Item 2.
13
Required Communications to
Those in Charge of Governance
Communication Results
Generally accepted auditing
standards
The financial statements are the responsibility
of the City. Our audit was designed to
provide for reasonable rather than absolute
assurance that the financial statements are
free of material misstatement. Our
responsibility is to express an opinion about
whether the financial statements are fairly
presented, in all material respects, in
conformity with U.S. generally accepted
accounting principles. Our audit of the
financial statements does not relieve you or
management of your responsibilities.
The audit of the fiscal year 2023 financial
statements is complete and we have issued
an unmodified opinion.
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01/23/2024 Item 2.
14
Required Communications to
Those in Charge of Governance
Communication Results
Generally accepted
government auditing standards
In addition to the GAAS responsibilities, we
are required to issue a written report on our
consideration of internal controls and identify
significant deficiencies, including material
weaknesses, if any. Our reports do not
provide assurance on internal controls. We
design our audit to provide reasonable
assurance of detecting material
misstatements resulting from noncompliance
with provisions of contracts or grant
agreements that have a direct or material
effect on the financial statements. We issue
a written report on the results of these
procedures; however, our report does not
express an opinion on compliance.
No findings noted.
223
01/23/2024 Item 2.
15
Required Communications to
Those in Charge of Governance
Communication Results
Auditor’s Responsibility under
The Uniform Guidance
Our testing includes all major federal financial
assistance programs. We report on such
testing and disclose any significant
deficiencies in internal control over
compliance, including material weaknesses
we identify. Our reports do not provide
assurance on internal control over
compliance. We perform procedures for the
purpose of expressing opinions on whether
major federal financial assistance programs
have been administered in compliance with
applicable laws and regulations.
The audits of the fiscal year 2023 major
federal financial assistance programs have
been completed and we have issued an
unmodified (clean) opinion.
224
01/23/2024 Item 2.
Required Communications to
Those in Charge of Governance
Communication Results
Unusual transactions and the
adoption of new accounting
principles
The significant accounting policies used by the
City are described in Note 1 to the financial
statements.
Pronouncements implemented in 2023 included
GASB Statement No. 96, Subscription-Based
Information Technology Arrangements. GASB 96
had no effect on the City’s FY2023 financial
statements.
We noted no transactions entered into by the
City during the year for which there is a lack of
authoritative guidance or consensus.
| 16 225
01/23/2024 Item 2.
Required Communications to
Those in Charge of Governance
Communication Results
Fraud and illegal acts No material errors, irregularities, or illegal acts
were noted.
Material weakness in internal
control
No material weaknesses noted.
Other information contained
in documents containing
audited financial statements
We provided an “in relation to opinion” on
supplementary information accompanying the
financial statements. We performed limited
procedures on the required supplementary
information. We did not provide any assurance
on this information. The Introductory and
Statistical sections were both unaudited.
Management judgments and
accounting estimates
Management’s estimates of net pension and
OPEB liabilities, allowance for uncollectible
receivables, and estimated useful lives for
capital assets were evaluated and determined
to be reasonable in relation to the financial
statements as a whole.
| 17 226
01/23/2024 Item 2.
Required Communications to
Those in Charge of Governance
Communication Results
Difficulties encountered No difficulties or disagreements arose during the
course of our audit.
Management representations We requested certain representations from
management that were included in the
management representation letter.
Management consultations We are not aware of management consulting
with other accountants for a second opinion.
Auditor independence No independence issues noted.
Audit adjustments Professional standards require us to accumulate all
known and likely misstatements identified during
the audit, other than those that are trivial, and
communicate them to the appropriate level of
management.There was one passed adjustment
noted during the audit due to the timing of an
accrual for trash disposal charges.
We made no material audit adjustments as a
result of our audit procedures.
| 18 227
01/23/2024 Item 2.
19
Financial Highlights
228
01/23/2024 Item 2.
20
Financial Highlights
Comparison of Revenues by Source
Governmental Funds Revenues for the FY 2023 totaled $76.7 million, a $10.8 million or
16.4% increase. This increase is attributed primarily to a $4.2 million increase in
intergovernmental revenues, a $2.5 million increase in interest income and increases
in both sales taxes ($1.3 million) and ad valorem taxes ($1.2 million).
49%19%
4%
4%
11%
7%4%2%
FY 2023 Revenues
Ad valorem taxes
Sales taxes
Franchise fees
Licenses and permits
Intergovernmental
Service fees
Interest income
Other income
56%
20%
4%
3%7%
8%0%2%
FY 2022 Revenues
Ad valorem taxes
Sales taxes
Franchise fees
Licenses and permits
Intergovernmental
Service fees
Interest income
Other income
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01/23/2024 Item 2.
21
Financial Highlights
Comparison of Governmental Funds Revenues by Source
(3-year comparison in millions of dollars)
$37.9
$14.2
$3.0 $2.7
$8.8 $5.6 $4.5
$36.7
$12.9
$2.9 $2.2
$4.6 $5.1
$1.5
$35.6
$11.8
$2.7 $2.0 $5.2 $4.9
$1.2 $- $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0
2023
2022
2021
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01/23/2024 Item 2.
22
Financial Highlights
Comparison of Governmental Expenditures by Fund
(In millions of dollars)
$50.9
$9.4
$2.9 $4.7
Fiscal Year 2023
General Fund
Debt Service
Fund
Capital Projects
Fund
Nomajor Funds
$46.7
$8.9
$7.6 $4.0
Fiscal Year 2022
General Fund
Debt Service Fund
Capital Projects Fund
Nomajor Funds
Governmental Funds Expenditures for FY2023 totaled $67.9 million, a $0.7
million or 1.0% increase.
•Capital outlay expenditures decreased $4.8 million.
•Public safety expenditures increased $3.3 million.
•General government, Streets, debt service and community service costs
each increased by less than $1 million.231
01/23/2024 Item 2.
23
Financial Highlights
Comparison of Governmental Funds Expenditures *
*(3-year comparison in millions of dollars)
$12.0
$28.8
$1.0
$4.3
$9.1
$2.8
$9.9
$11.6
$25.5
$1.0
$3.6
$8.5
$7.6
$9.4 $11.3
$23.0
$1.1 $2.9
$7.8
$4.9
$9.0
$-
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
General
Government
Public Safety Urban
Development
Streets Community
Service
Capital Outlay Debt service
2023
2022
2021
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01/23/2024 Item 2.
24
Financial Highlights
Fund Balances
Governmental Funds’ Fund Balances
The City’s governmental funds reported a combined ending fund balance
of $95.0 million as of September 30, 2023 as follows:
•General Fund $29,638,606
•Debt Service 532,087
•Capital Projects 54,467,945
•Other Funds 10,399,682
$95,038,320
31.2%
0.5%
57.4%
10.9%General Fund
Debt Service Fund
Capital Projects
Fund
Nonmajor Funds
•Governmental funds’ fund balance increased by $28.8 million, primarily
due to a $30.2 million increase in the Capital Projects Fund, the result of
$16.0 million general obligation bonds issued and a $12.1 million transfer
from the General Fund.
•Unassigned fund balance in the General Fund ($28.6 million) represents
56.1% of general fund expenditures.233
01/23/2024 Item 2.
General Fund Budget vs Actual
| 25
$44,000,000
$46,000,000
$48,000,000
$50,000,000
$52,000,000
$54,000,000
$56,000,000
$58,000,000
revenues expenditures
48,903,112
54,187,530
55,046,500 55,130,094
57,801,429
50,904,720
General Fund Budget and Actual
original amended actual
Overall, positive budgetary variance of $7.2 million:
•Actual Revenues exceeded budget by $2.8 million.
•Actual Expenditures were $4.2 million below budget.
234
01/23/2024 Item 2.
Water and Sewer Fund-
Current and Prior Year
| 26
Net position increased by $8.4 million over prior year
•Operating revenues increased $2.2 million –primarily due to rate increases
and increased water consumption.
•Operating expenses increased by $2.3 million –primarily due to a $830K
increase in water costs and a $1.4 million increase wastewater treatment
costs.
•Nonoperating revenue –increased $1.3 million –primarily due to a $1.2
million increase in interest income.
2023 2022 $ Change % Change
Operating revenues 29,592,808$ 27,371,622$ 2,221,186$ 8%
Operating expenses (22,831,555) (20,526,535) 2,305,020 11%
(Net) Nonoperating revenue (expense)1,212,627 (91,910) 1,304,537 -1419%
Transfers and contributions 402,886 700,997 (298,111) -43%
Change in net position 8,376,766$ 7,454,174$ 922,592 12%
Statement of Revenues, Expenses and Changes in Net Position-
Water and Sewer Fund
235
01/23/2024 Item 2.
27
We appreciate the
opportunity to work with
City of Wylie and look forward
to our continued relationship.
236
01/23/2024 Item 2.
Contact Us
John DeBurro, CPA
Engagement Partner
972.448.6970 | john.deburro@weaver.com
Lauren Futch, CPA
Audit Manager
972.448.9867 | lauren.futch@weaver.com
Discussion
237
01/23/2024 Item 2.