Backup — original pdf

Backup

Item 3b. Briefing on Public Improvement Bonds for the Capital Improvement Program B O N D OV E RS IGHT CO M M I SS ION A PR I L 20, 2022 PR ES E N TE D BY T I N A VA N W I E , B U D G E T M A N AGE R F I N ANC IAL S E RV I C ES D E PA RTM ENT Public Improvement Bonds (PIBs) – Funding History (1998-2020) s d n a s u o h T $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 339,740 163,400 567,400 925,000 720,000 600,000 306,648 460,000 8 9 9 1 9 9 9 1 0 0 0 2 1 0 0 2 2 0 0 2 3 0 0 2 4 0 0 2 5 0 0 2 6 0 0 2 7 0 0 2 8 0 0 2 9 0 0 2 0 1 0 2 1 1 0 2 2 1 0 2 3 1 0 2 4 1 0 2 5 1 0 2 6 1 0 2 7 1 0 2 8 1 0 2 9 1 0 2 0 2 0 2 Infrastructure Specific Failed Comprehensive Program 90,000 65,000 78,300 PIBs – Aggregate Authorization by Category (2006 – 2020) Affordable Housing, $370 , 12% Public Safety, $127 , 4% Health, $27 , 1% Libraries, Museums, Cultural, $263 , 8% Parks, $311 , 10% Transportation & Mobility, $1,676 , 54% $3.1 Billion Total PIB Authorization Drainage, Open Space, $359 , 11% Dollar amounts in millions. PIBs – Aggregate Balance Status by Category (2006-2020) Public Safety - $127.2 Park - $311.4 85.66 189.27 5.42 36.10 10.61 111.50 Mobility and Transportation - $1,676.4 586.90 117.86 971.64 Library, Museums and Cultural Facilities - $262.9 134.05 9.34 119.56 Health - $27.2 11.86 0.98 14.31 Drainage and Open Space - $359.0 Affordable Housing - $370.0 246.37 249.20 9.06 103.57 60.91 59.89 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Expenses Encumbrances Balance Dollar amounts in millions. Data through Q2 FY22 PIBs – Balance Status by Election Year (2006 -2020) 2020 - $460.0 3.0 15.6 2018 - $925.0 2016 - $720.0 2013 - $65.0 2012 - $306.6 2010 - $90.0 2006 - $567.4 Data through Q2 FY22 282.3 240.5 102.4 75.3 540.3 404.1 441.4 65.0 273.6 89.5 549.4 9.9 23.2 0.0 0.0 0.5 0.0 7.1 10.9 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Expenses Encumbrances Balance Dollar amounts in millions. CUMULATIVE % SPENT BY YEAR THROUGH Q2 Fiscal Year 2022 2010 Bond* 2013 Bond* 2006 Bond 2018 Bond 2016 Bond* 2012 Bond t n e p S % d n o B 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2020 Bond 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Year 2006 Bond 2010 Bond* 2012 Bond 2013 Bond* 2016 Bond* 2018 Bond 2020 Bond Lifecycle Imagine Austin, SD2023, Master Plans, Strategic Plans, Initiatives Bond Program Development Bond Program (Propositions) Election Mid-year Capital Budget Amendment Annual Budget Appropriations Capital Improvement Program Implementation and Delivery Annual Bond Sales C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 8 APPENDIX A: Austin Finance Online austintexas.gov/financeonline/finance/ A central repository for financial documents and information, including performance management, checkbook, unclaimed property, procurement, and hotels/short term rental information. KEY DOCUMENTS • Capital Improvement Program (CIP) 5-Year Plans • Capital Projects Explorer • Comprehensive Annual Financial Report (CAFR) • Debt Transparency Documents • Bond Statements C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 9 APPENDIX B: Capital Projects Explorer A single entry point for the community of Austin to find information about capital infrastructure investments capitalprojects.austintexas.gov • Information for ALL capital projects (excluding Austin Energy), regardless of funding source • Description • • Status/Phase Location • • Districts • Contact Info • Approved Budget • Obligated Funds • Anticipated Type Construction Start and End Dates • Filters Available • 2016 and 2018 Bonds • District(s) • • Stage • Responsible Department Infrastructure Type C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 1 0 APPENDIX C: Public Improvement Bonds Overview data.austintexas.gov/Budget-and-Finance/Public-Improvement-Bonds-Overview/s39q-8hvy/data An overview of public improvement bond project financial data that is updated on the first of every month Information for Public Improvement Bond Projects • Bond Year (since 1998) • Proposition • Prop Name • Bond Category • • Bond Prop Amount • Project ID • Project Name • Project Open/Close Fund • Project Manager and Status Phone # • Public Contact and Phone # • Project Current Phase • Bond Appropriation • Bond Encumbrance • Bond Expenditures • Bond Obligated • Bond Balance • % Bond Appropriation • % Bond Amount C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 1 1 APPENDIX D: City of Austin Open Budget - Capital budget.austintexas.gov/#!/year/All%20Years/capital/0/fdu_sponsor_department Data that provides appropriation-to-date and expenses-to-date metrics for active capital projects, which can be funded through multiple fiscal year capital budgets. Interactive tool with appropriation and expense data for: Departments Projects Subprojects C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 1 2 APPENDIX E: Long-Range CIP Planning https://imagineaustin.wixsite.com/lrcp/components The Long-Range CIP Plan (LRCP) is intended to bridge the gap between Imagine Austin and the annual CIP. C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 1 3 APPENDIX F: Groups That May Provide Capital Project Oversight austintexas.gov/department/boards-and-commissions Examples of Applicable Groups Committee of Council Health and Human Services Committee Audit and Finance Committee Boards and Corporations Austin Housing Finance Corporation Mobility Committee Arts Commission Boards and Commissions Austin Travis County EMS Advisory Board Comprehensive Plan Joint Committee Construction Advisory Committee Downtown Commission Housing Authority of the City of Austin Library Commission Mexican American Cultural Center Advisory Board Music Commission Urban Transportation Commission C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 1 4 2006 2012 2016 2020 2010 2013 2018 Brochure Brochure Brochure 2006 2010 2012 2013 Brochures, Ballot Language and Contract With The Voters (If Applicable) austintexas.gov/sites/default/files/files/Capital_Planning/Bond_Development/BEATF/2006BondBrochure.pdf Ballot Language austintexas.gov/election/byrecord.cfm?eid=154 Ballot Language austintexas.gov/election/byrecord.cfm?eid=192 austintexas.gov/sites/default/files/files/Capital_Planning/mbondbrochure.pdf austintexas.gov/sites/default/files/files/Communications/Web_Content/2012Bond%20Brochure%202012%20Web.pdf Voter-Information Flier austintexas.gov/sites/default/files/files/Capital_Planning/Bond_Development/2013_Bond/FINAL_Affordable_Housing_Bond_Voter_Information_Flier.pdf Ballot Language austintexas.gov/election/byrecord.cfm?eid=196 Ballot Language austintexas.gov/election/byrecord.cfm?eid=197 Continued on next page. C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 1 5 2006 2012 2016 2020 2010 2013 2018 Brochures, Ballot Language and Contract With The Voters (If Applicable), Continued Brochure austintexas.gov/sites/default/files/files/Capital_Planning/2016_Bond/2016_Bond_Voter_Information_Brochure__English.pdf Continued from previous page. 2016 Ballot Language austintexas.gov/election/byrecord.cfm?eid=201 Contract with the Voters RESOLUTION NO. 20160818-074 : austintexas.gov/edims/document.cfm?id=262118 Brochure austintexas.gov/sites/default/files/files/Finance/CFO/2018-Bond/COA_2018Bond_Booklet.pdf 2018 Ballot Language austintexas.gov/election/byrecord.cfm?eid=205 Contract with the Voters RESOLUTION NO. 20180809-061: austintexas.gov/edims/document.cfm?id=304077 Brochure austintexas.gov/sites/default/files/files/Finance/2020MobilityPropsBrochure100220_web.pdf 2020 Ballot Language austintexas.gov/edims/document.cfm?id=346093 Contract with the Voters RESOLUTION NO. 20200812-011 : https://www.austintexas.gov/edims/document.cfm?id=346328