March 2006

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					                                           Prepared By:
                                         County Auditor’s Office

                                   Cliff Billingsley, C.P.A
                                       County Auditor

          Ron Chapa, CPA                                            Jeff Modzelewski, CPA
 First Assistant, Director of Auditing                      First Assistant, Director of Accounting




MEMBERS OF GOVERNMENT FINANCE OFFICERS ASSOCIATION OF THE UNITED STATES AND CANADA
   THIS REPORT IS AVAILABLE ON THE INTERNET: http://www.co.galveston.tx.us/auditor/auditorsoffice/
                                     GALVESTON COUNTY, TEXAS
                                UNAUDITED MONTHLY FINANCIAL REPORT
                                           March 31, 2006
                                                TABLE OF CONTENTS
                                                                                                                   PAGE
DESCRIPTION                                                                                                       NUMBER

County Auditor’s Letter of Transmittal                                                                                     I

Financial Statements:


•   Combined Balance Sheet – All Fund Types                                                                              8–9

•   Combined Statement of Revenues, Expenditures And Changes in
    Fund Balance / Equity                                                                                           10 – 11

•   General Fund Statement of Revenues, Expenditures and Changes in
    Fund Balance – Budget and Actual                                                                                      12

•   Internal Service Funds – Combining Statement of Revenues, Expenditures
     And Changes in Retained Earnings – Budget and Actual                                                           13 – 14

Schedules:

•   Schedule of Long Term Bonds and Certificates of Obligation                                                            17

•   Combined Statement of Cash Receipts and Disbursements
    As of March 31, 2006                                                                                            18 – 21

•   Schedule of Operating Transfers                                                                                 22 – 23

Budget Status:

•   General Fund by Department                                                                                      26 – 29

•   All Other County Funds                                                                                                30

•   Footnote: Rounding of cents to whole dollars can cause a slight difference between sums of detail lines and totals
                       GALVESTON COUNTY, TEXAS
                            COUNTY AUDITOR’S OFFICE
                                  P.O. BOX 1418
                             GALVESTON, TEXAS 77553




May 16, 2006



The Honorable District Judges and the Honorable Members
of the Commissioners’ Court:

The unaudited and unadjusted financial report of Galveston County, Texas, for
the month ended March 31, 2006, is hereby submitted as required by Local
Governmental Code §114.023 and §114.025.

This report is presented in three sections, namely: Financial Statements,
Schedules and Budget Status.

Although this report is self explanatory, please do not hesitate to call the County
Auditor’s office for more information at (409) 770-5304. This report can be seen
on the Internet at http://www.co.galveston.tx.us/auditor/auditorsoffice/


Respectfully submitted,




Cliff Billingsley, C.P.A.
County Auditor




                                         i
8
9
10
11
                                                 GALVESTON COUNTY, TEXAS
                                                        GENERAL FUND
                                     STATEMENT OF REVENUES, EXPENDITURES, AND
                                    CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
                                                  Year to Date at March 31, 2006
                                    With Actual Amounts for the Year to Date at March 31, 2005
                                                          (UNAUDITED)

                                                                         FY 2006
                                                                                                   Variance
                                                                                                   Favorable              FY 2005
                                               Budget                    Actual                  (Unfavorable)             Actual
REVENUES:
Taxes                                    $        77,339,524         $    79,948,398      $              2,608,874    $     72,699,387
Licenses and Permits                                  26,000                  11,793                       (14,207)             14,751
Intergovernmental                                  3,147,986                 938,096                    (2,209,890)            508,812
Charges for Services                               6,192,498               3,406,996                    (2,785,502)          2,621,315
Fines and Forfeitures                              1,938,000                 960,138                      (977,862)            926,391
Investment                                         1,275,100                 900,081                      (375,019)            660,075
Miscellaneous                                      3,189,419               1,323,240                    (1,866,179)          1,429,101
TOTAL REVENUES                                    93,108,527              87,488,741                    (5,619,786)         78,859,832

EXPENDITURES:
Current Operating:
   General Government                             44,452,018              18,451,170                   26,000,848           18,150,367
   Public Safety                                  23,211,933              10,238,055                   12,973,878           10,021,359
   Health and Social Services                      6,976,854               3,442,331                    3,534,523            3,163,259
   Culture and Recreation                          2,297,200                 894,229                    1,402,971              882,446
   Conservation                                      436,200                 152,640                      283,560              159,365
Capital Outlay                                     4,768,955               1,498,624                    3,270,331            1,673,929
TOTAL EXPENDITURES                                82,143,160              34,677,048                   47,466,112           34,050,725

Excess (Deficiency) of Revenues
 Over (Under) Expenditures                        10,965,367              52,811,692                   41,846,326           44,809,107

OTHER FINANCING SOURCES (USES):
Transfers In                                         258,300                  25,800                     (232,500)              53,409
Transfers Out                                     (7,416,400)             (3,711,950)                   3,704,450           (2,347,447)
Transfers Out Component Unit                      (6,356,000)             (3,116,397)                   3,239,603           (2,893,923)
Proceeds - Sale of Fixed Assets                      100,000                   2,338                      (97,662)                   -
Proceeds - Capital Lease                                   -                       -                            -                    -
Capital Lease - Principal Payment                          -                       -                            -                    -
Reserves and Other                                   (69,100)                      -                       69,100                    -
TOTAL OTHER FIN. SOURCES (USES)                  (13,483,200)             (6,800,210)                   6,682,990           (5,187,961)

Excess (Deficiency) of Revenues
 and Other Financing Sources
 Over (Under) Expenditures and
 Other Financing Uses                             (2,517,833)             46,011,483                   48,529,316           39,621,146

Fund Balance, Beginning of Year                   19,148,172              19,148,172                                        13,107,561

Fund Balance, End of Year                $        16,630,339         $    65,159,655      $            48,529,316     $     52,728,707




                                                                12
                                                                                                    GALVESTON COUNTY, TEXAS
                                                                                                     INTERNAL SERVICE FUNDS
                                                                                    COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
                                                                                      CHANGES IN FUND NET ASSETS - BUDGET AND ACTUAL
                                                                                                     Year to Date at March 31, 2006
                                                                                       With Actual Amounts for the Year to Date at March 31, 2005
                                                                                                            ( UNAUDITED)

                                                   GROUP INSURANCE FUND                                           WORKERS' COMPENSATION FUND                                     SELF INSURANCE RESERVE FUND
                                                     FY 2006                                                           FY 2006                                                         FY 2006
                                                               Variance                                                          Variance                                                        Variance
                                                               Favorable                 FY 2005                                 Favorable   FY 2005                                             Favorable   FY 2005
                                      Budget         Actual  (Unfavorable)                Actual           Budget     Actual   (Unfavorable)  Actual                       Budget      Actual  (Unfavorable)  Actual
     REVENUES:
     Charges for Services           $ 7,065,569    $ 3,859,673     $ (3,205,896)     $ 3,612,863       $          -    $          -    $          -    $          -    $          -    $          -    $            -    $          -
     Insurance Recovery - County              -              -                -                -                  -               -               -               -           9,500           5,662            (3,838)          9,408
     Reimbursements                     165,000        308,939          143,939          167,784              4,500           2,143          (2,357)          2,215               -               -                 -               -
     Miscellaneous                            -              -                -                -                  -               -               -               -          15,000          10,093            (4,907)          9,875
     TOTAL REVENUES                   7,230,569      4,168,612       (3,061,957)       3,780,647              4,500           2,143          (2,357)          2,215          24,500          15,754            (8,746)         19,283

     EXPENDITURES:
     Personal Services                       -                 -               -                 -               -           1,662          (1,662)          1,437           175,000          59,705         115,295           58,479
     Contract Services                 458,000           228,378         229,622           244,462          90,000           8,784          81,216               -            10,000               -          10,000            1,000
     Insurance                         905,000           202,100         702,900           244,403          75,000         100,705         (25,705)        105,156         2,287,100       1,257,328       1,029,772          723,958
     Claims Paid                     5,826,700         3,907,182       1,919,518         2,988,344         700,000         192,832         507,168         230,673                 -               -               -                -
     Other Services and Charges              -                 -               -                 -           5,000               -           5,000               -             7,000             373           6,627                -
      TOTAL EXPENDITURES             7,189,700         4,337,661       2,852,039         3,477,208         870,000         303,983         566,017         337,266         2,479,100       1,317,406       1,161,694          783,436




13
     Net Income (Loss)                  40,869         (169,049)       (209,918)          303,438          (865,500)       (301,840)       563,660         (335,051)   (2,454,600)     (1,301,651)         1,152,949         (764,153)

     NON-OPERATING REVENUES
       (EXPENSES):
     Investment Income                   4,500            3,314           (1,186)           2,516                 -           2,907           2,907         20,792                 -               -                -                -

     Net Income (Loss) Before
      Transfers                         45,369         (165,734)       (211,103)          305,954          (865,500)       (298,933)       566,567         (314,259)   (2,454,600)     (1,301,651)         1,152,949         (764,153)

     TRANSFERS:
     Transfers In                              -               -               -                   -       750,500         369,400         (381,100)       291,500         1,391,100        342,900        (1,048,200)        365,000
     Transfers Out                             -               -               -                   -             -               -                -              -                 -              -                 -               -

     Net Income (Loss)                  45,369         (165,734)       (211,103)          305,954          (115,000)        70,467         185,467          (22,759)   (1,063,500)         (958,751)         104,749         (399,153)


     TOTAL NET ASSETS - BEGINNING      854,870          854,870                -          135,492          863,563         863,563                -        922,732         1,393,537       1,393,537                -        1,460,873


     TOTAL NET ASSETS - ENDING      $ 900,239      $    689,136    $   (211,103)     $    441,446      $ 748,563       $   934,030     $   185,467     $   899,973     $    330,037    $ 434,786       $     104,749     $ 1,061,720
                                                   GALVESTON COUNTY, TEXAS
                                                    INTERNAL SERVICE FUNDS
                                   COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
                                     CHANGES IN FUND NET ASSETS - BUDGET AND ACTUAL
                                                    Year to Date at March 31, 2006
                                      With Actual Amounts for the Year to Date at March 31, 2005
                                                           ( UNAUDITED)




                                                 FY 2006                 Variance              FY 2005                 Variance
                                            TOTAL      TOTAL             Favorable        TOTAL      TOTAL             Favorable
                                            Budget      Actual         (Unfavorable)      Budget      Actual         (Unfavorable)
     REVENUES:
     Charges for Services                  $ 7,065,569    3,859,673    $ (3,205,896)     $ 7,419,269   $ 3,612,863   $ (3,806,406)
     Insurance Recovery - County                 9,500        5,662          (3,838)           9,400         9,408              8
     Reimbursements                            169,500      311,082         141,582          104,800       169,999         65,199
     Miscellaneous                              15,000       10,093          (4,907)          15,100         9,875         (5,225)
     TOTAL REVENUES                          7,259,569    4,186,510      (3,073,058)       7,548,569     3,802,145     (3,746,424)

     EXPENDITURES:
     Personal Services                        175,000        61,367          113,633        130,000        59,916           70,084
     Contract Services                        558,000       237,162          320,838        563,000       245,462          317,538
     Insurance                              3,267,100     1,560,133        1,706,967      1,839,900     1,073,516          766,384
     Claims Paid                            6,526,700     4,100,014        2,426,686      6,226,700     3,219,017        3,007,683
     Other Services and Charges                12,000           373           11,627          7,000             -            7,000
      TOTAL EXPENDITURES                   10,538,800     5,959,050        4,579,752      8,766,600     4,597,911        4,168,689




14
     Net Income (Loss)                     (3,279,231)   (1,772,540)       1,506,694     (1,218,031)     (795,766)         422,265

     NON-OPERATING REVENUES
       (EXPENSES):
     Investment Income                          4,500         6,221            1,721          4,700        23,308           18,608

     Net Income (Loss) Before
      Transfers                            (3,274,731)   (1,766,319)       1,508,415     (1,213,331)     (772,458)         440,872

     TRANSFERS:
     Transfers In                           2,141,600       712,300        (1,429,300)    1,749,679       656,500        (1,093,179)
     Transfers Out                                  -             -                               -             -                 -

     Net Income (Loss)                     (1,133,131)   (1,054,019)          79,114        536,348      (115,958)        (652,307)


     TOTAL NET ASSETS - BEGINNING           3,111,971     3,111,971                 -     2,519,098     2,519,098                 -


     TOTAL NET ASSETS - ENDING             $ 1,978,840   $ 2,057,952   $      79,114     $ 3,055,446   $ 2,403,139   $    (652,307)
                                                    GALVESTON COUNTY, TEXAS
                              BONDED DEBT SERVICE REQUIREMENTS TO MATURITY, BY TYPE AND ISSUE
                                                              At March 31, 2006
                                                      REMAINING
                                                    INTEREST RATES            PRINCIPAL                    INTEREST      ACCRETION            TOTAL
Constitutional Bonds:
 Tax and Revenue Certificates 1999           5.0/5.1/5.2/5.3/5.4/5.5/5.6             $     3,555,000   $      482,290    $            -   $     4,037,290
 Limited Tax Justice Center Bonds 2001       4.0/4.125/4.2/4.3/4.4/5.38/5.45/5.50/
                                             5.57/5.60/5.62/5.63/5.65/5.66                21,327,062         1,064,188       27,262,938        49,654,188
 Comb Tax & Revn CO 2002                     4.00/4.20/4.30/4.375/4.5/4.6/4.7/4.8/
                                             5.0                                           5,685,000         1,722,488                -         7,407,488
 Comb Tax & Revn CO 2002A                    4.00/4.20/4.30/4.375/4.5/4.6/4.7/4.8/
                                             5.0                                           4,070,000         1,234,353                -         5,304,353
 Limited Tax Forward Refunding Bonds 2003    4.0/5.0                                       4,000,000           481,850                -         4,481,850
 Limited Tax Criminal Justice Bonds 2003A    3.0/3.75/4.00/4.25/5.00/5.25                 54,350,000        36,864,187                -        91,214,187
 Comb Tax & Revn CO 2003C                    3.0/3.75/4.0/4.25/4.5/5.00/5.25              40,840,000        35,930,562                -        76,770,562
 General Obligation '99/'01 Refunding 2004   3.00/3.50/4.00/4.25/5.00/5.25/5.50           22,215,000         8,305,751                -        30,520,751

Total Constitutional Bonds                                                               156,042,062        86,085,667       27,262,938       269,390,667

Road Bonds:
Unlimited Tax Road Bonds 2001                4.0/4.125/4.2/4.3/4.4/5.38/5.45/5.50/
                                             5.57/5.60/5.62/5.63/5.65/5.66                16,021,372          798,165        20,493,628        37,313,165
Unlimited Tax Road Bonds 2003B               3.00/3.75/4.00/4.25/4.50/4.625/4.75/
                                             5.00                                        9,120,000           5,825,163              -        14,945,163
Unlimited Tax Road Refunding Bonds 2004A     3.0/3.25/3.375/3.50/3.625/4.50/5.50         9,944,988           3,786,001        740,012        14,471,001
Total Road Bonds                                                                        35,086,360          10,409,328     21,233,640        66,729,328
    Total Bonded Debt                                                                $ 191,128,422     $    96,494,995   $ 48,496,578     $ 336,119,995


                                                   GALVESTON COUNTY, TEXAS
                                    BONDED DEBT SERVICE REQUIREMENTS TO MATURITY, BY YEAR
                                                        At March 31, 2006

                                                         FISCAL
                                                        YEAR-END                      PRINCIPAL         INTEREST         ACCRETION          TOTAL
                                                           2006                      $         -       $   3,987,958     $        -       $   3,987,958
                                                           2007                          7,235,000         7,834,216                -        15,069,216
                                                           2008                          7,555,000         7,542,576                -        15,097,576
                                                           2009                          7,860,000         7,238,539                -        15,098,539
                                                           2010                          8,200,000         6,909,436                -        15,109,436
                                                           2011                          8,505,000         6,557,030                -        15,062,030
                                                           2012                          8,109,988         6,212,674          740,012        15,062,674
                                                           2013                          9,205,000         5,840,730                -        15,045,730
                                                           2014                          9,645,000         5,401,398                -        15,046,398
                                                           2015                         10,120,000         4,901,001                -        15,021,001
                                                           2016                         10,670,000         4,351,756                -        15,021,756
                                                           2017                          7,267,138         3,959,669        3,872,862        15,099,669
                                                           2018                          7,222,087         3,735,344        4,097,913        15,055,343
                                                           2019                          7,225,488         3,500,738        4,309,511        15,035,737
                                                           2020                          7,434,273         3,252,856        4,525,727        15,212,857
                                                           2021                          7,485,965         2,990,325        4,719,035        15,195,325
                                                           2022                          7,546,822         2,724,125        4,903,178        15,174,125
                                                           2023                          7,636,620         2,454,500        5,078,380        15,169,500
                                                           2024                          7,735,406         2,175,125        5,244,594        15,155,126
                                                           2025                          7,830,544         1,886,000        5,419,456        15,135,999
                                                           2026                          7,954,091         1,586,625        5,585,909        15,126,625
                                                           2027                         13,980,000         1,084,750                -        15,064,750
                                                           2028                         14,705,000           367,625                -        15,072,625
                                                           Total                     $ 191,128,422     $ 96,494,995      $ 48,496,578     $ 336,119,995




                                                                          17
                                                         GALVESTON COUNTY, TEXAS
                                                STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
                                                              AS OF March 31, 2006
                                                                 (UNAUDITED)

                                                                  Beginning                                                        Ending
      Fund                                                         Balance                                                         Balance
     Number                        Fund Title                  Fiscal Year 2006        Receipts            Disbursements       As of 31-Mar-06

      1101    TOTAL GENERAL FUND                           $          19,943,265   $     85,651,376    $        48,200,831              57,393,810

      2101    Cnty Records Mgt & Preservatio                            105,929              56,050                 41,203                 120,776
      2102    Co Clerk Rec Mgt & Pres Fund                             2,223,904            496,653                128,536               2,592,021
      2105    Dist Clrk Chld Support IV-D                                90,154               1,628                        -                91,782
      2106    Distr Clerk Records Mgmt Fund                              41,444              14,658                        -                56,102
      2111    Tx Assess/Coll Sp Inv Tx Fund                              86,579             237,058                221,684                 101,953
      2121    Donations To Galveston County                              61,832                    -                       -                61,832
      2130    DA & Other Agcy Forfeit Fund                                   14                    -                       -                     14
      2131    DA Contraband Acct Aft 10/89                               91,667              13,451                 39,420                  65,698
      2132    DA Check Collection Fees                                   53,177              16,057                  5,220                  64,013
      2148    Unclaimed Property Fund                                   170,654               2,619                        -               173,273
      2205    Courthouse Security Fund                                  267,298             105,132                 78,759                 293,671
      2211    Law Library                                               439,404             110,381                140,231                 409,554
      2212    Mediation Services Prog Fund                              176,799              54,438                 13,774                 217,463
      2215    Justice Court Technology Fund                             164,950              35,635                100,000                 100,585




18
      2216    Probate Court Contributions Fd                            248,077              44,210                 29,826                 262,461
      2220    Adult Probation Fund                                      648,672           1,108,766              1,212,623                 544,815
      2230    Juvenile Justice Fund                                    2,017,567          2,291,640              2,414,788               1,894,418
      2240    Sheriff's Commissary Fund                                 553,350                    -                       -               553,350
      2241    Sheriff Seizure Pre 10/89                                    2,037                   -                       -                 2,037
      2242    Sheriff's Seizure Aft 10/89                                36,305               2,887                        -                39,192
      2245    Task Force Seizure Pre 10/89                                 2,944                  38                       -                 2,982
      2246    CID Seizure After 10/89                                      5,919                   -                       -                 5,919
      2250    Law Enforcement Education Fund                            133,008              35,719                 12,758                 155,970
      2260    Emergency Management Fund                                1,205,676          1,271,310              1,115,719               1,361,268
      2301    Road & Bridge Fund                                       2,330,068          5,589,530              3,920,220               3,999,378
      2303    Farm to Market Lateral Road                              2,559,811            461,545                525,327               2,496,029
      2341    Road District #1                                          599,534             316,182                695,223                 220,494
      2370    Flood Control Fund                                        892,707           2,976,795                991,764               2,877,738
      2401    Public Health Fund                                         25,183             284,081                743,969                (434,705)
                                                         GALVESTON COUNTY, TEXAS
                                                STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
                                                              AS OF March 31, 2006
                                                                 (UNAUDITED)

                                                               Beginning                                                    Ending
      Fund                                                      Balance                                                     Balance
     Number                        Fund Title               Fiscal Year 2006       Receipts         Disbursements       As of 31-Mar-06
      2410    Mosquito Control District Fund                        1,044,487           876,372             576,920               1,343,939
      2501    Child Welfare Fund                                     232,760            183,279             184,015                 232,024
      2601    Beach & Parks Fund                                     153,421            187,785             111,425                 229,781
      2811    Help America Vote Act (HAVA)                                     -                -         1,299,755              (1,299,755)
      2816    Low Inc Rpr,Retfit,Acc Veh Rpl                          19,315                  53                    8                19,360
      2824    Adult Probation Community                              150,249            253,205             242,553                 160,901
      2840    Criminal Justice Div-Juvenile                             3,614            30,814              32,089                   2,339
      2841    Juvenile Probation-State Aid                            19,883            597,845             513,079                 104,649
      2842    Community Corrections                                     6,814           422,149             272,145                 156,818
      2848    Juv Jst Alt Education Program                              517             24,314                517                   24,314
      2849    GISD Truancy Grant                                               -         42,181              49,169                  (6,988)
      2861    Organized Crime Control Grant                             1,824                   -                   -                 1,824
      2862    Narcotics Task Force                                    71,406                  332            12,618                  59,121
      2864    Auto Crimes Task Force Grant                              1,678           175,439             165,671                  11,446
      2867    SCAAP Program Grant                                              -         67,131              14,769                  52,362
      2870    Texas Vine Grant                                                 -                -             4,313                  (4,313)




19
      2873    Pros of Crimes Agst Child/Eld                                    -         14,035              29,978                 (15,943)
      2874    Crime Victim Assistance Prog                                     -         30,456              23,064                   7,392
      2875    Child Abuse Investigator Grant                            1,059             8,415               1,717                   7,757
      2885    Children's Justice Act Proj                               1,685                   -                   -                 1,685
      2891    Office of Emergency Mgt Grants                         115,030            208,283             266,549                  56,764
      2911    HUD Community Developmt Grants                          99,850             15,048              29,895                  85,003
      2913    Coastal Impact Assistance Grt                                    -        142,713             123,973                  18,740
      2920    Senior Services-Spec Proj/Serv                             933                    -                   -                     933
      2921    Senior Citizens Grant Prog                              47,466            214,393             255,789                   6,071
      2922    Senior Aides Program Grant                                       -          2,100               1,050                   1,050
      2925    Kempner Grant                                                    -          3,000                     -                 3,000
      2927    CDBG-Meals on Wheels                                             -          5,034               4,066                       968
      2941    Intensive Family Pres Grant                               3,642             2,499                780                    5,360
      2960    County Prks/Beachs Grts Fund                                     -         24,499             474,978                (450,479)
                                                        GALVESTON COUNTY, TEXAS
                                               STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
                                                             AS OF March 31, 2006
                                                                (UNAUDITED)

                                                              Beginning                                                Ending
      Fund                                                     Balance                                                 Balance
     Number                      Fund Title                Fiscal Year 2006       Receipts       Disbursements     As of 31-Mar-06
      2962    Parks/Beaches Project Grants f                         80,317              8,356            65,070                23,603
      2975    Just Dept Loc Law Enf Blk Grt                          34,841            131,399           116,427                49,813
      2976    COPS in Schools                                                 -         92,910            92,910                     0
      2986    Hurricane Katrina P/A Catgy B                                   -          4,560              146                  4,414
      2998    Disaster Recovery IV-Claudette                                  -              -            31,564               (31,564)
      2999    Disaster Recovery V                                          -           192,449                 -               192,449
               TOTAL SPECIAL REVENUE FUNDS                        17,325,453        19,487,512        17,428,043            19,384,922

      3205    Construction/Improv COB 99                             (13,262)           21,698             8,436                     0
      3206    Comb Tax/Revenue COB Sr 2003C                       21,376,598        48,394,956        57,687,145            12,084,408
      3220    Jst Ctr & Pub Saf Bl Bds Sr 01                       6,840,187         9,173,306        13,746,626             2,266,866
      3222    Ltd Tax Crim Jst Bds Sr 2003A                       10,388,657        11,013,562        16,633,534             4,768,685
      3306    Road Capital Project Fund-1987                       1,337,347            30,085            12,643             1,354,789
      3307    Unltd Tax Road Bonds Sr 2003B                        5,768,259         2,704,511         2,674,689             5,798,081
      3308    Unlimited Tax Rd Bds Ser 2001                        5,078,569         5,063,681         7,520,787             2,621,463
      3315    Galv Causeway RR Bridge Proj                             9,877            90,276           231,164              (131,011)
      3316    Cnty Road & Bridge Projects                           150,371              3,299             1,120               152,550
               TOTAL CAPITAL PROJECT FUNDS                        50,936,603        76,495,373        98,516,144            28,915,832
      4010    Rfd Ltd 91/Rd 87 GO 99                                134,225            590,686           686,229                38,682




20
      4205    Constr/Imprv Tax/Rev COB 99                           153,289            318,065           101,765               369,589
      4214    Comb Tax/Rev COB Sr 2003                              382,033          2,079,742         1,052,862             1,408,912
      4215    Limited Tax Jst Cntr Bds 2001                         168,799            472,113           192,924               447,987
      4216    Lmtd Tax Criminal Jst Sr 03A                          453,940          4,421,506         2,807,397             2,068,049
      4230    COB 2002A Prk Rds/Prking Lots                         390,303            451,813           398,177               443,939
      4282    Ltd Tax Refunding Sr 2003                             184,884          3,898,963         3,732,287               351,560

      4284    GOblg Refunding '99-01 Bnds'04                        219,903          1,224,588           611,006               833,485

      4362    COB 2002 San Luis Pass Bridge                         382,900            449,275           538,273               293,902

      4368    Unlimited Tax Rd Bds Ser 2001                         268,664            309,445           160,388               417,721

      4369    Unlimited Tax Road Bd Sr 2003B                        454,357            454,080           584,898               323,540

      4370    Unlimited Tax Rd Ref Sr 2004A                         358,492            363,278           349,585               372,185
                                                           GALVESTON COUNTY, TEXAS
                                                  STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
                                                                AS OF March 31, 2006
                                                                   (UNAUDITED)

                                                                    Beginning                                                  Ending
      Fund                                                           Balance                                                   Balance
     Number                 Fund Title                           Fiscal Year 2006        Receipts       Disbursements      As of 31-Mar-06
               TOTAL DEBT SERVICE FUNDS                                  3,551,788         15,033,555         11,215,792             7,369,551

      6123    Group Insurance Fund                                       1,684,392          8,483,779         8,534,035              1,634,136
      6124    Workers Compensation Fund                                  1,931,786            653,683           579,323              2,006,145
      6130    Self Insurance Reserve Fund                                1,284,024            372,944         1,339,180                317,789
               TOTAL INTERNAL SERVICE FUNDS                              4,900,202          9,510,406         10,452,538             3,958,069

      7601    Payroll Fund                                                699,376          50,685,262        50,560,903                823,734
      7605    Escrow Fund                                                 998,975           2,059,786         1,950,340              1,108,420
      7606    Debt Service Agency Fund                                     36,047                   -                 -                 36,047
      7611    Tax Assess/Coll Undist Coll Fd                             3,067,013          3,345,995         3,345,995              3,067,013
      7621    Appellate Judicial Sys Fees Fd                                     -             16,359                 -                 16,359
      7630    Officers Undist Fees Fund                                     8,954                   -                 -                  8,954
      7631    County Clerk Trust Fund                                    1,577,492                  -                 -              1,577,492
      7641    District Clerk Trust Fund                                  2,963,251                  -                 -              2,963,251
      7652    Inmate Trust Fund                                            38,150                   -                 -                 38,150
      7660    Adult Prob Undist Coll Fund                                  26,304                   -                 -                 26,304
      7671    Children Prot Serv Escrow Fd                                191,929                   -           178,563                 13,366
               TOTAL AGENCY FUNDS                                        9,607,489         56,107,401         56,035,801             9,679,090

                             GRAND        TOTAL              $        106,264,799    $    262,285,623        241,849,149           126,701,274




21
                                       GALVESTON COUNTY, TEXAS
                                    OPERATING TRANSFERS IN AND OUT
                                          AS OF March 31, 2006


                                                           Transfers In        Transfers Out
PRIMARY GOVERNMENT
   General Fund
       1101 General Fund
             4912105 Transfer from DC Child Support IVD     $            -     $               -
             4912216 Transfer to Probate Court Fund                   25,800                   -
             4912301 Transfer from Road & Bridge Fund                    -                     -
             4912921 Transfer from Senior Citizens Grant                 -                     -
       1101 General Fund
             5910008 Transfer to Four C's                                 -           1,546,300
             5912230 Transfer to Juv Justice                              -           1,942,100
             5912260 Transfer to Emg Mgmt                                 -             850,000
             5912370 Transfer to Flood Control                            -             411,000
             5912401 Transfer to Public Health Reimb                      -           1,570,097
             5912501 Transfer to Child Welfare Fnd                        -             146,350
             5912601 Transfer to Parks                                    -              60,000
             5916124 Transfer to Worker's Comp Fnd                        -             105,000
             5916130 Transfer to Self-Insured Ins Fnd                     -             197,500

              Total for General Fund                                  25,800          6,828,347

    Special Revenue Funds
         2230 Juvenile Justice Fnd
              4911101 Transfer from General Fund                   1,942,100                   -
         2260 Emergency Mgmt Fnd
              4911101 Transfer from General Fund                     850,000                   -
         2370 Flood Control Fund
              4911101 Transfer from General Fund                     411,000                   -
              4912303 Transfer from Frm to Market                    749,000                   -
         2501 Child Welfare Fnd
              4911101 Transfer from General Fund                     146,350                   -
         2601 Beach & Parks Fund
              4911101 Transfer from General Fund                      60,000                   -
         2101 County Records Mgt & Preservation
              5916124 Transfer to Worker's Comp Fnd                       -                    400
              5916130 Transfer to Self-Insured Ins Fnd                    -                    400
         2102 County Clerk Records Mgt & Pres Fund
              5916124 Transfer to Worker's Comp Fnd                       -               1,050
              5916130 Transfer to Self-Insured Ins Fnd                    -               1,050
         2205 Courthouse Security Fund
              5916124 Transfer to Worker's Comp Fnd                       -                    800
              5916130 Transfer to Self-Insured Ins Fnd                    -                    800
         2211 Law Library
              5916124 Transfer to Worker's Comp Fnd                       -                    200
              5916130 Transfer to Self-Insured Ins Fnd                    -                    200
         2216 Probate Court Contributions Fund
              5911101 Transfer to General Fund                            -              25,800
         2230 Juvenile Justice Fund
              5916124 Transfer to Worker's Comp Fnd                       -              15,850
              5916130 Transfer to Self-Insured Ins Fnd                    -              15,850
         2301 Road & Bridge Fnd
              5912370 Transfer to Flood Control Fund                      -             374,500
              5916124 Transfer to Worker's Comp Fnd                       -             140,750
              5916130 Transfer to Self-Insured Ins Fnd                    -             203,750
         2303 Farm to Market Lateral Road
              5912370 Transfer to Flood Control Fund                      -             374,500
              5916124 Transfer to Worker's Comp Fnd                       -               3,250
              5916130 Transfer to Self-Insured Ins Fnd                    -               6,250
         2341 Road District #1
              5916124 Transfer to Worker's Comp Fnd                       -               2,150
              5916130 Transfer to Self-Insured Ins Fnd                    -               2,150


                                                 22
                                      GALVESTON COUNTY, TEXAS
                                   OPERATING TRANSFERS IN AND OUT
                                         AS OF March 31, 2006


                                                              Transfers In        Transfers Out
        2370 Flood Control Fund
             5916124 Transfer to Worker's Comp Fnd                           -               4,000
             5916130 Transfer to Self-Insured Ins Fnd                        -               4,000
        2410 Mosquito Control District Fund
             5916124 Transfer to Worker's Comp Fnd                           -               2,850
             5916130 Transfer to Self-Insured Ins Fnd                        -               2,850
        2601 Beach & Parks Fund
             5916124 Transfer to Worker's Comp Fnd                           -                    600
             5916130 Transfer to Self-Insured Ins Fnd                        -                    600

             Total for Special Revenue Funds                          4,158,450          1,184,600


               Total, Primary Government                              4,184,250          8,012,947

   Internal Service Funds
        6124 Worker's Comp Fnd
              4911101 Transfer from General Fnd                         197,500                   -
              4912101 Transfer from Records Management                      400                   -
              4912102 Transfer from Cnty Clerk Records Mgmt               1,050                   -
              4912205 Transfer from Courthouse Security                     800                   -
              4912211 Transfer from Law Library                             200                   -
              4912220 Transfer from Adult Probation                      15,850                   -
              4912301 Transfer from Road & Bridge Fnd                   137,500                   -
              4912303 Transfer from Farm to Market                        6,500                   -
              4912341 Transfer from Road Dist #1                          2,150                   -
              4912370 Transfer from Flood Control                         4,000                   -
              4912410 Transfer from Mosquito Control                      2,850                   -
              4912601 Transfer from Beach & Parks Fund                      600                   -
        6130 Self Insurance Reserve Fnd
              4911101 Transfer from General Fnd                         105,000                   -
              4912101 Transfer from Records Management                      400                   -
              4912102 Transfer from Cnty Clerk Records Mgmt               1,050                   -
              4912205 Transfer from Courthouse Security                     800                   -
              4912211 Transfer from Law Library                             200                   -
              4912220 Transfer from Adult Probation                      15,850                   -
              4912301 Transfer from Road & Bridge Fnd                   197,500                   -
              4912303 Transfer from Farm to Market                       12,500                   -
              4912341 Transfer from Road Dist #1                          2,150                   -
              4912370 Transfer from Flood Control                         4,000                   -
              4912410 Transfer from Mosquito Control                      2,850                   -
              4912601 Transfer from Beach & Parks Fund                      600                   -

              Total, Internal Service Funds                             712,300                   -

COMPONENT UNIT - PUBLIC HEALTH
         4911101 Transfer from General Fund                           3,116,397                   -

               Total, Component Unit - Public Health                  3,116,397                   -

                        GRAND TOTAL                           $       8,012,947   $      8,012,947




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