travis central appraisal district · blanca zamora-garcia . p.o. box 149012 8314 cross park drive...

Prepared: March 3, 2020 Revised: March 3, 2020 Revised: March 4, 2020

Travis Central Appraisal District

Board of Director’s Meeting

March 5, 2020

11: 30 a.m.

AGENDA ITEM #4A

TRAVIS CENTRAL APPRAISAL DISTRICT BOARD OFFICERS JAMES VALADEZ CHAIRPERSON BRUCE GRUBE VICE CHAIRPERSON THERESA BASTIAN SECRETARY/TREASURER

MARYA CRIGLER CHIEF APPRAISER

BOARD MEMBERS TOM BUCKLE

BRUCE ELFANT ANTHONY NGUYEN ELEANOR POWELL

RYAN STEGLICH FELIPE ULLOA

BLANCA ZAMORA-GARCIA

P.O. BOX 149012 8314 CROSS PARK DRIVE AUSTIN, TEXAS 78714-9012 (512) 834 9317 WWW.TRAVISCAD.ORG

TCAD - BOARD OF DIRECTORS MINUTES OF THE FEBRUARY 19, 2020 MEETING

1. Call to order Meeting called to order by James Valadez at 11:30 a.m. on February 19, 2020 at 8314 Cross Park Drive, Austin, Texas 78754. 2. Establishment of Quorum

James Valadez, Chairperson Travis County Present Bruce Grube, Vice Chairperson Travis County Present Theresa Bastian, Secretary Austin ISD Present Felipe Ulloa Austin ISD/City of Austin Present Blanca Zamora-Garcia City of Austin Present Eleanor Powell City of Austin Present Ryan Steglich Austin ISD Present Tom Buckle West Travis County Present Anthony Nguyen East Travis County Absent Bruce Elfant Travis Co. Tax Assessor-

Collector Present

Also present were Marya Crigler, Chief Appraiser, Leana Mann, Director of Operations, and Dustin Banks, In-house Counsel.

3. Citizens Communication Members of the Board heard from:

• Mark Austin, Property Tax Group • Steve Neal • John Borge • Susan Spataro, former Travis County Auditor • Dr. Tom Leonard, Eanes ISD Superintendent (representing Dripping Springs ISD, Elgin

ISD, Lake Travis ISD, Leander ISD, Marble Falls ISD, Pflugerville ISD and Round Rock ISD)

4. Consent Items

a. Approval of the minutes of the January 21, 2020 meeting b. Taxpayer liaison report c. Section 25.25b report d. Accounting statements e. Line item transfers f. Personnel report

DRAFT

P.O. BOX 149012 8314 CROSS PARK DRIVE AUSTIN, TEXAS 78714-9012 (512) 834 9317 TDD (512) 836-3328 WWW.TRAVISCAD.ORG

MOTION: Approve consent agenda

RESULT: ADOPTED [UNANIMOUS] MOVER: Ryan Steglich SECONDER: Bruce Grube AYES: James Valadez, Bruce Grube, Theresa Bastian, Felipe Ulloa, Blanca Zamora, Eleanor Powell, Ryan Steglich, Tom Buckle ABSENT: Anthony Nguyen 5A. Discussion and possible action on chief appraiser report to include: 2020 valuation efforts, 2020 informal meeting preparation, taxpayer outreach programs, 2019 annual report, 2019 MAPS final report, 850 EAL renovation status Members of the Board heard from:

• Dr. Tom Leonard, Eanes ISD Superintendent Members of the board heard from:

Marya Crigler, Chief Appraiser

RESULT: DISCUSSED 5B. Discussion and possible action on purchase of phone system enhancements in

support of 2020 informal meeting preparation

MOTION: Approve purchase of phone system enhancements RESULT: ADOPTED [UNANIMOUS] MOVER: Bruce Grube SECONDER: Eleanor Powell AYES: James Valadez, Bruce Grube, Theresa Bastian, Felipe Ulloa, Blanca Zamora, Eleanor Powell, Ryan Steglich, Tom Buckle ABSENT: Anthony Nguyen 5C. Discussion and possible action on allocation of funds from reserves for

technology enhancements for phone system enhancements

MOTION: Approve transfer of funds from reserves for phone system enhancements RESULT: ADOPTED [UNANIMOUS] MOVER: Theresa Bastian SECONDER: Blanca Zamora-Garcia AYES: James Valadez, Bruce Grube, Theresa Bastian, Felipe Ulloa, Blanca Zamora, Eleanor Powell, Ryan Steglich, Tom Buckle ABSENT: Anthony Nguyen DRAFT


At 12:20 PM the Board moved to executive session; TO DELIBERATE ANY MATTER AUTHORIZED BY TEXAS GOVERNMENT CODE SEC. 551.001 et sec [THE TEXAS OPEN MEETING ACT] INCLUDING: SEC. 551.071; Consultation with attorney regarding pending or contemplated litigation, settlement offers, and matters on which the attorney has a duty to advise the Board under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas (Item 5D) SEC. 551.074; Personnel matters; to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of the Chief Appraiser or other public officer or employee; or to hear a complaint or charge. SEC. 551.076; Deliberations regarding security devices At 1:23 PM, the Board resumed the public session and returned to Item 5D. 5D. Discussion and possible action on litigation and appeals related to pending

lawsuits and anticipated lawsuits

MOTION: Authorize Chief Appraiser to submit a second open records request to Comptroller

RESULT: ADOPTED [UNANIMOUS] MOVER: Theresa Bastian SECONDER: Blanca Zamora-Garcia AYES: James Valadez, Bruce Grube, Theresa Bastian, Felipe Ulloa, Blanca Zamora, Eleanor Powell, Ryan Steglich, Tom Buckle ABSENT: Anthony Nguyen 5E. Discussion and possible action to add items to future agendas

RESULT: DISCUSSED Note: Board Members requested the following items be added to the next agenda:

• Response to school districts who submitted a letter to TCAD Board of Directors at the February 19th meeting

• Potential litigation and alternatives to litigation • Next Meeting: Thursday, February 27, 2020 at 1:00 p.m.

5F. Adjournment MOTION: Adjourn meeting at 1:25 PM RESULT: APPROVED [UNANIMOUS] MOVER: Bruce Grube SECONDER: Eleanor Powell AYES: James Valadez, Bruce Grube, Theresa Bastian, Felipe Ulloa, Blanca Zamora, Eleanor Powell, Ryan Steglich, Tom Buckle ABSENT: Anthony Nguyen

DRAFT


Respectfully submitted,

_________________________________ Theresa Bastian, Secretary

Approved:

_________________________________ James Valadez, Chairperson

DRAFT

AGENDA ITEM #4B

Taxpayer

Liaison

Report 03/05/2020

Martin Wilbanks

DRAFT

2016 2017 2018 2019

430 653 674 1,576A

RB

Hear

ings

Gene

ral Inq

uiri

es

Prot

est

Pro

cess

efi

ling

Exem

pti

ons

Chan

ge o

f A

ddre

ss

Agent

Appoi

ntm

ent

BB

P Iss

ues

Open

Reco

rds

Tax

Iss

ues

Jan 0 16 23 0 24 0 5 4 1 21 94

Feb 2 13 5 0 23 1 6 2 0 5 57

March

April

May

June

July

Aug

Sept

Oct

Nov

Dec

Total 2 29 28 0 47 1 11 6 1 26 151

Tot

al A

ctiv

itie

s

Property Owner Contacts

Complaints

Travis Taxpayer Liaison Activity Report

Property Owner Interactions

DRAFT

Complaint Log ARB Hearings

02/11/2020 Warren Mabry PID 832034

Complaint:

Having to wait over two hours past scheduled ARB hearing time was unreasonable.

Believed an allocated 5 minutes was not enough time to present his case. Felt ARB panel showed no interest in property owner’s evidence. Argued market value unfair due to the process used to determine market

value was flawed. Property owner filed for arbitration.

02/14/2020 Bobby Green PID 285606

On 10/15/2019 property owner had an ARB hearing for the year 2018. In that hearing, removed exemptions were reinstated. However, on 01/01/2018, property was only a vacant lot. Exemptions cannot be applied to a vacant lot. The ARB made an error in reinstating the exemptions.. Property owner is demanding exemptions be applied as granted by his hearing. District has refused to reinstate the property exemptions. ARB attorney will write letter to property owner explaining the ARB error. ARB to reschedule a hearing to correct the error. Property owner does not accept there was an error and continues to insist exemptions be reinstated. He is taking his case to the American Statesman.

DRAFT

AGENDA ITEM #4C

HAND DELIVERED TO ARB CHAIRPERSON20200303 OAK

DRAFT

AGENDA ITEM #4D

TRAVIS CENTRAL APPRAISAL DISTRICT BOARD OFFICERS JAMES VALADEZ CHAIRPERSON BRUCE GRUBE VICE CHAIRPERSON THERESA BASTIAN

SECRETARY/TREASURER


BOARD MEMBERS TOM BUCKLE

BRUCE ELFANT ANTHONY NGUYEN ELEANOR POWELL


BLANCA ZAMORA-GARCIA


TO: Travis Central Appraisal District Board of Directors

FROM: Leana H. Mann Director of Operations

DATE: March 4, 2020

SUBJECT: January 2020 Unaudited Financial Statements

The unaudited financial statements for January 2020 are attached. Financial highlights for the month are as follows:

• The District’s ending fund balance was $11,831,371. Of that, $495,521 was nonspendable in the form ofprepaid expenditures, $7,558,605 was held in reserves, and $3,777,246 unassigned fund balance. The netchange in fund balance for the fiscal year to date is $355,629

• The reserve balances total $7,558,605. Detail account balances for each reserve account are as follows:

Current Balance Reserve for Computer Equipment $ 150,000 Reserve for Network Infrastructure $ 350,000 Reserve for Technology Enhancements $ 250,000 Reserve for Litigation $ 2,956,914 Reserve for Building Repair & Replacement $ 3,851,691 Reserve for ARB Operations $ -

$ 7,558,605

• The District ended the month with a budget surplus of $1,137,776.

• 850 EAL Holding Corp. is considered a blended component unit of the District. A record of their financialposition has been provided for review only. The operations of 850 EAL Holding Corp. will be included withinthe governmental activities of the government-wide financial statements.DRAFT

VarianceOriginal Amended YTD Actual Amounts Fav (Unfav)

REVENUESAppraisal assessments 20,193,893 20,193,893 1,682,824 1,682,824 - Refund of appraisal assessments - - - - - Net appraisal assessments 20,193,893$ 20,193,893$ 1,682,824$ 1,682,824$ -$

Investment earnings 250,000 250,000 20,833 23,242 2,408 Charges for services 20,000 20,000 1,667 4 (1,663) Miscellaneous revenue 70,000 70,000 5,833 - (5,833) TOTAL REVENUE 20,533,893$ 20,533,893$ 1,711,158$ 1,706,070$ (5,088)$

EXPENDITURESAppraisal servicesPersonnel Cost 9,500,051 9,500,051 791,671 570,935 220,736 Benefit Cost 3,101,782 3,101,782 258,482 155,332 103,150 Software maintenance 573,938 573,938 47,828 41,165 6,663 Travel expenditures 46,250 46,250 3,854 9,460 (5,606) Operating Supplies 181,850 181,850 15,154 12,154 3,000 Rentals 134,520 134,520 11,210 13,598 (2,388) Legal expenditures 1,335,000 1,335,000 111,250 88,952 22,298 Appraisal services 365,000 365,000 30,417 10,104 20,312 Professional services 1,515,061 1,515,061 126,255 58,914 67,341 Utilities 426,735 426,735 35,561 118,258 (82,697) Building and equipment maintenance 325,766 325,766 27,147 18,170 8,977 Printing and mailing services 454,300 454,300 37,858 5,793 32,066 Subscriptions and data purchases 189,780 189,780 15,815 88,161 (72,346) Training and education 126,655 126,655 10,555 15,726 (5,172) Insurance 50,500 50,500 4,208 89 4,119 Security services 165,000 165,000 13,750 9,248 4,502 Aerial photography 524,594 524,594 43,716 - 43,716 Other services 123,630 123,630 10,303 10,662 (360) Capital outlay 304,288 304,288 25,357 - 25,357 Debt Administration 749,194 749,194 - 749,194 TOTAL EXPENDITURES 20,193,893 20,193,893 1,620,392 1,226,722 1,142,864

EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 340,000 340,000 90,766 479,348.37 1,137,776

OTHER FINANCING SOURCES (USES):Transfers out - - - - - TOTAL OTHER FINANCING SOURCES (USES) - - - - -

NET CHANGE IN FUND BALANCE 340,000 340,000 90,766 479,348 1,137,776

FUND BALANCE, beginning of year 11,475,742 11,475,742 11,475,742 11,475,742 11,475,742

FUND BALANCE, end of year 11,815,742$ 11,815,742$ 11,566,508$ 11,955,090$ 12,613,518$

Budgeted Amounts

Travis Central Appraisal DistrictBudget to Actual

For the month ended January 31, 2020

DRAFT

Travis Central Appraisal DistrictGovernmental Fund Balance SheetJanuary 31, 2020

General FundASSETS

Cash and cash equivalents 3,737,590 Short-term investments 11,727,462 Receivables 52,791 Prepaid items 495,521

TOTAL ASSETS 16,013,365$

LIABILITIESAccounts payable and accrued expenditures 816,344 Deferred revenue 3,365,649

TOTAL LIABILITIES 4,181,993

FUND BALANCESFund balance, committed 7,558,605 Fund balance, nonspendable 495,521 Fund balance, unassigned 3,777,246

TOTAL FUND BALANCES 11,831,371

TOTAL LIABILITIES AND FUND BALANCE 16,013,365$ DRAFT

Travis Central Appraisal DistrictStatement of Revenues and ExpendituresFor the month ended January 31, 2020

General FundREVENUES

Appraisal assessments 1,682,824$ Refund of appraisal assessments -

Net appraisal assessments 1,682,824

Investment earnings 23,242 Charges for services 4 Miscellaneous revenue -

TOTAL REVENUE 1,706,070

EXPENDITURESAppraisal services

Payroll and related expenditures 726,267 Data processing 41,165 Transportation 9,460 Operating supplies 12,154 Rentals 13,598 Legal and professional 157,971 Utilities and telephone 118,258 Building and equipment maintenance 18,170 Other services 129,679

Capital outlay -

TOTAL EXPENDITURES 1,226,722

EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 479,348

OTHER FINANCING SOURCES (USES):Transfers out (123,719) TOTAL OTHER FINANCING SOURCES (USES) (123,719)

NET CHANGE IN FUND BALANCE 355,629

FUND BALANCE, beginning of year 11,475,742

FUND BALANCE, end of year 11,831,371$

DRAFT

850 EAL Holding Corp.Statement of Financial PositionJanuary 31, 2020

ASSETSCURRENT ASSETS

Cash and Cash Equivalents 1,647,047

PROPERTY, PLANT & EQUIPMENTConstruction in Progress 9,978,288

TOTAL ASSETS 11,625,335$

LIABILITIESCURRENT LIABILIT IES

Accounts payable and accrued expenditures 459,211

LONG-TERM LIABILIT IESNotes Payable 9,840,400

TOTAL LIABILITIES 10,299,611

NET ASSETSBeginning Net Assets 1,206,457 Current YTD Net Income 119,267

Total Net Assets 1,325,724

TOTAL LIABILITIES & NET ASSETS 11,625,335$

*** 850 EAL Holding Corp. is a blended component unit of the District. The operations of 850 EAL are included within the governmental activities of the government-wide financial statements. The financial statement above is only provided for reference material.DRAFT

850 EAL Holding Corp.Statement of ActivitiesFor the month ended January 31, 2020

GovernmentalActivities

EXPENSESAppraisal services

Payroll and related expenses -$ Data processing - T ransportation - Operating supplies - Rentals - Legal and professional - Utilities and telephone - Building and equipment maintenance - Other services 4,452 Depreciation expense -

TOTAL EXPENSES 4,452

REVENUESGeneral RevenuesTransfers in- TCAD General Fund 123,719 Investment earnings 1 Charges for services - Miscellaneous revenue -

TOTAL REVENUE 123,720

CHANGE IN NET POSITION 119,267

NET POSITION, beginning of year 1,206,457

Net position, end of year 1,325,724$

*** 850 EAL Holding Corp. is a blended component unit of the District. The operations of 850 EAL are included within the governmental activities of the government-wide financial statements. The financial statement above is only provided for reference material.

DRAFT

Monthly Investment Report

January 31, 2020

DRAFT

There’s the Bump in the Bumpy Road

At the end of 2019 we looked for a bumpy road starting with an

upcoming election year, continuing trade discussions and steady

but un-inspiring global economic conditions . Now we have our first

bump and it is a doozy.

Officially now designated a pandemic, the corona virus has led to

economic suspensions imposing near-term pressures, not only on

China, but extending throughout the world. Deaths in China and

beyond have led to drastic state instituted and airline imposed

travel constrictions and the consumer in China is staying home.

Before this shock, China’s GDP had remained at its lowest level in 29

years. That, at least, showed a moderate stabilization from a steady

decade decline, but due to a move from consumer driven growth to

investment driven growth, it could also signal a major challenge in investment driven growth, it could also signal a major challenge in

turning such a large economy especially one with matching

demographic challenges.

In a positive move, China has offered force majeure support to

national and international companies disrupted by the virus. Force

majeure is declared when contractual obligations cannot be met for

reasons beyond their control. It shows an unexpectedly positive and

responsible side of Chinese officials.

The threat of the virus and its resulting grip on trade, ripples

world wide. This, just as signs of growth and stabilization, has begun

to sprout internationally. It could particularly affect Europe, one of

China’s largest trading partners.

The European Central Bank (ECB) had just announced, under new

leadership, to review its radical stimulus program, which has been in

place since 2003 and has held rates low. Although the ECB will keep

its monthly assets purchases steady (at €20B per month) as an

easing tool, it was reacting to stronger growth in the economy –

now that could change. Before, those very low – to negative –rates

have forced funds into our markets to garner any earnings.DRAFT

The Fed May Have to Rethink

The risk-off impact of corona virus could detrimentally impact

the growth that has been percolating in the US. Because of

airline cancellations, and closings from Disney to Starbucks’ in

China, animal spirits may move towards a safe harbor. Much

will depend on the intensity and spread of the virus and the fear

it breeds. Historically however the market impact from such

virus shocks has been sharp but also short-lived.

In early January, the Fed had remained cautiously optimistic

and considered the US economy ‘appropriate’ to continue to

support expansion. The economy was expected to support

inflation symmetric to the 2% inflation target. Now with the

corona virus and its economic impacts spreading, the market

Immune: world epidemics and global stock market performance

Stock Market Shocks from Past Virus Events

corona virus and its economic impacts spreading, the market

sees a potential (although overdone) possibility for multiple rate

cuts in 2020.

The Fed did adjust its Interest on Excess Reserves (IOER) rate

to 1.6% (from 1.55%). This is the rate at which the Fed pays

banks to keep excess reserves at the Fed. The move is part of

their continuing effort to maintain sufficient liquidity in the

system and keep the primary repo rates in an acceptable range.

The US economy has been supported by a firm job

market, which then buoys consumer spending. Add to that a

rebounding housing sector (based on lower mortgage

rates), diminished risks from trade wars, as well as a Brexit

decision (at long last) and you feel ground solid enough to

generate and sustain the fourth quarter GDP of 2.1%.DRAFT

Fear not the Fed is Moving Rates

It is historically unusual for the Fed to change course in an election year. It has stated its intention to keep rates steady and defer

adjustments without a major change in economic strength and inflation. But speculating on how the virus – or an unforeseen bump from

geo-politics - is purely speculative. History says the impact will be short-lived but …

The markets have shown a strong risk-off move in January taking the 5 to 10 year area into another inversion. Money has poured in this

area of the curve for safety as well as positive comparative rates.

With the short end currently holding its own and the threat of continuing rate declines it is safe to say an extension is prudent.

We have a new Treasury curve data point coming mid-year. The Treasury has re-constituted the 20-year bond. This while Secretary

Mnuchin contemplates and floats ideas for a 50 and perhaps even 100 year bond.

3.00%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

2.20%

2.40%

2.60%

2.80%

Fed Funds 3mo 6mo 1yr 2yr 5yr 10yr 30yr

Jan-20

Dec-19

Oct-19

Jun-19

Mar-19

.

End of Month Rates - Full Yield Curve – Fed Funds to 30yrDRAFT

Your Portfolio As of January 31, 2020

P&A constantly reviews your portfolio for optimal asset allocation and a controlled average maturity because a diversified portfolio can better adjust to volatile market conditions.

The graphs below show asset allocations by market sector and by maturity. They do reflect our ongoing anticipation of lower rates into 2020. These rate cuts and the potential of more decreasing rates indicates the need to extend portfolios. Extending now will lock in yields even though rates may decrease and provides for extra safety.

Texpool75.28%

Wells Fargo 24.72%

DRAFT

Travis Central Appraisal Dist.Portfolio Management

January 31, 2020

Patterson & Associates901 S. MoPac

Suite 195Austin, TX 78746

-Portfolio Summary

% ofPortfolio

BookValueInvestments

MarketValue

ParValue

Days toMaturityTerm

YTM365 Equiv.

Texpool/Texpool Prime 11,683,525.11 175.28 1.763111,683,525.1111,683,525.11Wells Fargo Bank 3,836,354.26 124.72 1.44113,836,354.263,836,354.26

15,519,879.37 100.00%Investments

15,519,879.3715,519,879.37 1 1 1.683

Current YearJanuary 31

22,766.58Fiscal Year To Date

22,766.58Total Earnings Month Ending

The following reports are submitted in accordance with the Public Funds Investment Act (Texas Gov't Code 2256). The reports also offer supplemental information not required by the Act in order to fullyinform the governing body of the Travis Central Appraisal District of the position and activity within the District's portfolio of investment. The reports include a managment summary overview, a detailedinventory report for the end of the period, a transaction report, as well as graphic representations of the portfolio to provide full disclosure to the governing body.

__________________________________________________ ____________________Leana Mann, Director of Operations

Portfolio TCADAPData Updated: SET_TCAD: 02/18/2020 13:35

Reporting period 01/01/2020-01/31/2020

Run Date: 02/18/2020 - 13:36 PM (PRF_PM1) 7.3.0Report Ver. 7.3.6.1DRAFT

Travis Central Appraisal Dist.Summary by Type

Grouped by Fund



-January 31, 2020

Security Type% of

PortfolioAverage Days

to MaturityPar

ValueNumber of

InvestmentsAverageYTM 365Book Value

Fund: 850 EAL Holding Corp.

Wells Fargo Bank 5,002.52 0.03 11 0.1505,002.52

Subtotal 1 5,002.52 0.03 10.1505,002.52

Fund: General Fund

Texpool/Texpool Prime 11,683,525.11 75.28 12 1.76311,683,525.11

Wells Fargo Bank 3,831,351.74 24.69 14 1.4433,831,351.74

Subtotal 6 15,514,876.85 99.97 11.68415,514,876.85

Total and Average 7 15,519,879.37 100.00 11.68315,519,879.37

Portfolio TCADAP

Run Date: 02/18/2020 - 13:42 ST (PRF_ST) 7.2.0Report Ver. 7.3.6.1DRAFT

Travis Central Appraisal Dist.Patterson & Associates

901 S. MoPacSuite 195

Austin, TX 78746-

January 31, 2020

Fund 850 - 850 EAL Holding Corp.Investments by Fund

Par ValueDays ToMaturity

MaturityDate

CurrentRateMarket ValueCUSIP Investment # Issuer

PurchaseDate Book Value

YTM360

YTM365

Wells Fargo Bank

Wells Fargo Choice IV Comm Ckg10006 5,002.5261442 10.15001/01/2020 5,002.52 0.147 0.1505,002.52

Subtotal and Average 5,002.52 5,002.52 5,002.52 0.148 0.150 1

Total Investments and Average 5,002.52 5,002.52 5,002.52 0.148 0.150 1

Portfolio TCADAP

Run Date: 02/18/2020 - 13:30 FI (PRF_FI) 7.1.1Report Ver. 7.3.6.1DRAFT

January 31, 2020

Par ValueDays ToMaturity

MaturityDate

CurrentRateMarket Value

Fund GEN - General FundInvestments by Fund Page 2

CUSIP Investment # IssuerPurchase

Date Book ValueYTM360

YTM365

Texpool/Texpool Prime

Texpool10000 2,138,306.89900001 11.59310/01/2019 2,138,306.89 1.570 1.5922,138,306.89Texpool Prime10001 9,545,218.22900001A 11.80110/01/2019 9,545,218.22 1.775 1.8009,545,218.22

Subtotal and Average 11,683,525.11 11,683,525.11 11,683,525.11 1.738 1.763 1

Wells Fargo Bank

Wells Fargo Analyzed Bus Chkg+10003 43,926.3890401 10.17010/01/2019 43,926.38 0.167 0.17043,926.38Wells Fargo Analyzed Bus Chkg+10004 1,355.8388469 10.17010/01/2019 1,355.83 0.167 0.1701,355.83Wells Fargo Commercial Chkg PF10005 0.0088477 110/01/2019 0.000.00Wells Fargo Stagecoach Sweep10002 3,786,069.538477 11.45810/01/2019 3,786,069.53 1.438 1.4583,786,069.53

Subtotal and Average 3,831,351.74 3,831,351.74 3,831,351.74 1.423 1.443 1

Total Investments and Average 15,514,876.85 15,514,876.85 15,514,876.85 1.661 1.684 1

Portfolio TCADAP

Run Date: 02/18/2020 - 13:30 FI (PRF_FI) 7.1.1Report Ver. 7.3.6.1DRAFT

Travis Central Appraisal Dist.Interest Earnings



-Sorted by Fund - FundJanuary 1, 2020 - January 31, 2020

Yield on Average Book Value

MaturityDate

CurrentRate

EndingPar Value

AverageSecurityTypeFund Book Value

BeginningBook Value

Adjusted Interest Earnings

AccretionAmortization/

EarningsAdjusted InterestAnnualized

YieldCUSIP Investment #InterestEarned

Fund: 850 EAL Holding Corp.

5,001.9010006 5,002.52 0.150RR2 0.64 0.00 0.640.151850 0.0061442

5,002.52Subtotal 5,001.90 0.151 0.640.000.640.00

Fund: General Fund

2,135,511.9310000 2,138,306.89 1.593RRP 2,888.13 0.00 2,888.131.592GEN 2,135,418.769000019,531,113.8110001 9,545,218.22 1.801RRP 14,574.56 0.00 14,574.561.800GEN 9,530,643.66900001A4,294,067.1510002 3,786,069.53 1.458RR2 5,296.93 0.00 5,296.931.452GEN 4,113,604.968477

42,491.2610003 43,926.38 0.170RR2 6.13 0.00 6.130.170GEN 26,111.22904011,355.6510004 1,355.83 0.170RR2 0.19 0.00 0.190.165GEN 1,355.6488469

856,357.7410005 0.00RR2 0.00 0.00 0.00GEN 884,903.0088477

15,514,876.85Subtotal 16,860,897.53 1.590 22,765.940.0022,765.9416,692,037.24

15,519,879.37Total 16,865,899.43 1.589 22,766.580.0022,766.5816,692,037.24

Portfolio TCADAP

Run Date: 02/18/2020 - 13:31 IE (PRF_IE) 7.2.0Report Ver. 7.3.6.1DRAFT

Travis Central Appraisal DistrictBudget-to-Actual

01 - ARBFrom 1/1/2020 Through 1/31/2020

BudgetBudgeted Amount- Total

Budgeted Amount- YTD Actual Budget (Over) UnderVariance with Final

RemainingPercent of Total Budget

ExpendituresPayroll Costs

Salaries 1,172,175.00 97,681.25 4,965.00 92,716.25 99.58%Total Payroll Costs 1,172,175.00 97,681.25 4,965.00 92,716.25 99.58%

SuppliesOperating Supplies 750.00 62.50 35.60 26.90 95.25%Books/Publ/Subs/Data Bases 900.00 75.00 0.00 75.00 100.00%

Total Supplies 1,650.00 137.50 35.60 101.90 97.84%Services

Training & Education 7,500.00 625.00 7,200.00 (6,575.00) 4.00%Attorney & Court Costs 20,000.00 1,666.67 0.00 1,666.67 100.00%

Total Services 27,500.00 2,291.67 7,200.00 (4,908.33) 73.82%Total Expenditures 1,201,325.00 100,110.42 12,200.60 87,909.82 98.98%

Excess (Deficiency) of Revenues over (Under) Expenditures

(1,201,325.00) (100,110.42) (12,200.60) 87,909.82 (98.98)%

Date: 3/4/20 08:48:59 PM Page: 1DRAFT

Travis Central Appraisal DistrictStandard General Ledger

From 1/1/2020 Through 1/31/2020

Account Code Account Title Effective Date Document Description Transaction Description Debit Credit

10110 General- Chase Bank

Current Balance 1,550.00

30110 Fund Balance- Unassigned

Current Balance 5,435,801.94

40101 Salaries Opening Balance 0.00 1/3/2020 ARB Payroll PPE 01.03.20 (2

days @ $225/day)ARB Payroll PPE 01.03.20 (2 days @ $225/day)

450.00

1/24/2020 ARB Payroll PPE 01.17.20 (0.5 days @ $170/day)

ARB Payroll PPE 01.17.20 (0.5 days @ $170/day)

85.00



180.00

1/24/2020 ARB Payroll PPE 01.17.20 (2 days @ $225/day)

ARB Payroll PPE 01.17.20 (2 days @ $225/day)

450.00



475.00



1,125.00



2,200.00

Period Totals 4,965.00 0.00

Subtotal 1/2020 4,965.00

Transaction Total 4,965.00 0.00

Balance 40101 Salaries 4,965.00

40220 Operating Supplies

Opening Balance 0.00

1/13/2020 Business Cards- ARB Chair TCAD Business Cards 29.22 1/18/2020 ARB Mailbox- 200 GB ARB Mailbox- 200 GB 3.19 1/29/2020 ARB Mailbox Monthly Fee ARB Mailbox Monthly Fee 3.19

Period Totals 35.60 0.00

Subtotal 1/2020 35.60

Transaction Total 35.60 0.00


Travis Central Appraisal DistrictStandard General Ledger

From 1/1/2020 Through 1/31/2020

Account Code Account Title Effective Date Document Description Transaction Description Debit Credit

Balance 40220 Operating Supplies

35.60

40330 Education & Training

Opening Balance 0.00

1/1/2020 2020 ARB Training- 144 Registrations

2020 ARB Training- 144 Registrations

7,200.00

Period Totals 7,200.00 0.00

Subtotal 1/2020 7,200.00

Transaction Total 7,200.00 0.00

Balance 40330 Education & Training

7,200.00

Report Opening/Current Balance

5,437,351.94 0.00

Report Transaction Totals

12,200.60 0.00

Report Current Balances 5,449,552.54 0.00

Report Difference 5,449,552.54


AGENDA ITEM #4F

Personnel Changes:

Name Action Date Job Title Division Comments

Carly Howard New Hire 2/24/2020 Appraiser Trainee Commercial Appraisal

Preston Burdette New Hire 3/2/2020 Appraiser Residential Appraisal

Jesse Benitez Temp 3/2/2020 Clerk Appraisal Support

Sharon Berger Temp 3/3/2020 CSR Customer Service

Christopher Lee Temp 3/3/2020 CSR Customer Service

Yazmin Harris New Hire 3/9/2020 CSR Customer Service

Narcissa Pena New Hire 3/16/2020 Clerk Appraisal Support

Bobbi Elsebai New Hire 3/16/2020 Clerk Appraisal Support

Andrew Wallace New Hire 3/18/2020 Clerk Appraisal Support

Leigh Gershman New Hire 3/23/2020 Clerk Appraisal Support

Job Posting # Date Posted Positioin Division

2020145301-06 1/7/2020 Appraiser Residential Appraisal 6

2020142301 1/7/2020 BPP Appraiser Commercial Appraisal 1

2020131202 2/4/2020 IT Manager IT 1

2020132201 2/21/2020 CSR Customer Service 1

Appraiser Commercial Appraisal not posted

Admin. Asst Commercial Appraisal not postedDRAFT

AGENDA ITEM #5A

The offer from the Austin Board of Realtors is disingenuous. It would be illegal for us to change market values without having the data to support those changes. Using aggregate data to do across‐the‐board increases would violate the Texas Property Tax Code, International Association of Assessing Officers Mass Appraisal Standards, and Uniform Standards of Professional Practices. Travis County property owners deserve better. During a time where property owners are struggling with affordability issues, every dollar matters. We cannot and will not increase property values without the data to support it. We are required to appraise properties at market value and the only way to determine that is by using market data. Despite our efforts to collect data from a variety of sources, the limited data we have does not indicate any change in current market values. We remain committed to working with our taxing entities to find a solution to this issue that is legal and fair for Travis County property owners.

Attribute to: Marya Crigler, Chief Appraiser of Travis Central Appraisal District ‐‐‐ Texas Property Tax Code ‐ Sec 5.05 Appraisal Manuals and Other Materials (a) The comptroller may prepare and issue publications relating to the appraisal of property andthe administration of taxes, or may approve other publications relating to those matters,including materials published by The Appraisal Foundation, the International Association ofAssessing Officers, or other professionally recognized organizations, for use in theadministration of property taxes, including: (1) a general appraisal manual;(2) special appraisal manuals as authorized by law;(3) cost, price, and depreciation schedules as authorized by law;(4) periodic news and reference bulletins;(5) an annotated version of this title and Title 3; and(6) a handbook containing selected laws and all rules promulgated by the comptroller relatingto the property tax and its administration.

International Association of Assessing Officers ‐ Standard on Mass Appraisal of Real Property 3.4 Sale Data States and provinces should seek mandatory disclosure laws to ensure comprehensiveness of sale data files. Regardless of the availability of such statutes, a file of sale data must be maintained, and sales must be properly reviewed and validated. Sale data are required in all applications of the sales comparison approach, in the development of land values and market‐based depreciation schedules in the cost approach, and in the derivation of capitalization rates or discount rates in the income approach. Refer to Mass Appraisal of Real Property (Gloudemans 1999, chapter 2) or Fundamentals of Mass Appraisal (Gloudemans and Almy 2011 chapter 2) for guidelines on the acquisition and processing of sale data.

Texas Property Tax Code ‐ Sec 23.01 Appraisals Generally (b) The market value of property shall be determined by the application of generally acceptedappraisal methods and techniques. If the appraisal district determines the appraised value of aproperty using mass appraisal standards, the mass appraisal standards must comply withthe Uniform Standards of Professional Appraisal Practice. The same or similar appraisalmethods and techniques shall be used in appraising the same or similar kinds of property.

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However, each property shall be appraised based upon the individual characteristics that affect the property’s market value, and all available evidence that is specific to the value of the property shall be taken into account in determining the property’s market value. Uniform Standards of Professional Appraisal Practice ‐ Standard 5‐5 In developing a mass appraisal, when necessary for credible assignment results an appraiser must:

a. Collect, verify and analyze such data as are necessary and appropriate to develop: i. The cost new of the improvements ii. Depreciation; iii. Value of the land by sales of comparable properties; iv. Value of the property by sales of comparable properties v. Value by capitalization of income or potential earnings (i.e., rentals, expenses, interest rates, capitalization rates, and vacancy data);

Comment: This Standard rule requires appraisers engaged in mass appraisal to take reasonable steps to ensure that the quantity and quality of the factual data that are collected are sufficient to produce credible appraisals. For example, in real property, where applicable and feasible, systems for routinely collecting and maintain ownership, geographic, sales, income and expense, cost, and property characteristics data must be established. Geographic data must be contained in as complete a set of cadastral maps as possible, complied according to current standards of detail and accuracy. Sales data must be collected, confirmed, screened, adjusted, and filed according to current standards of practice. The sale file must contain, for each sale, property characteristics data that are contemporaneous with the date of the sale. Property characteristics data file must contain data contemporaneous with the date of the appraisal including historical data on sales, where appropriate and available. The data collection program must incorporate a quality control program, including checks and audits of the data to ensure current and consistent records.

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Marya D. Crigler

From: Korry Castillo <[email protected]>Sent: Wednesday, February 26, 2020 6:11 PMTo: Customer ServiceCc: Marya D. CriglerSubject: Letter to Board of Directors ChairpersonAttachments: Letter to TCAD BOD 2_26.pdf

Chairperson Valadez, Please see the attached letter regarding our office and the property value study. The original hard copy has been placed in the mail to your attention. If you have any questions or need further clarification, please let me know. Regards, Korry ‐‐ Korry Castillo Director, Property Tax Assistance Division Texas Comptroller of Public Accounts PO Box 13528 Austin, Texas 78711 (512) 463‐3806 Comptroller.Texas.Gov IMPORTANT NOTICE: This communication and any attachments may contain privileged or confidential information under the Texas Public Information Act and/or applicable state and federal laws. If you have received this message in

error, please notify the sender immediately.

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1

Marya D. Crigler

From: Korry Castillo <[email protected]>Sent: Monday, February 10, 2020 5:29 PMTo: Marya D. CriglerCc: Shannon MurphySubject: FW: Property Value Study

Hi Marya, Great seeing you yesterday. Below is the response from our counsel. Generally your statements are accurate however I wanted to be sure that we provided you with the nuance you may need for your TUs. Thanks, Korry

From: Michael Gary <[email protected]> Sent: Friday, January 31, 2020 1:54 PM To: Korry Castillo <[email protected]> Subject: RE: Property Value Study Korry: We follow the Code and Rules in conducting the PVS, so we apply the Code and Rules to the facts arising out of each appraisal district, including Travis CAD. We also provide additional publications as an aid to understanding the PVS, butthese publications are basically a guide to how we apply the Code and Rules to the facts. The general answers to Marya’s questions below are: The school districts for which Travis Central Appraisal District appraises property are scheduled to be included in the2020 property value study conducted according to Gov’t Code Sec. 403.302 (PVS); The Property Tax Assistance Division (PTAD) does use data acquired from local appraisal districts in the conduct of thePVS as well as other information, however whether this data is market data, regardless of source, is often disputed bythe local school districts and appraisal districts through protests of the PVS preliminary findings. I’m not familiar with the PIA request Marya’s referencing, but if Marya can provide a particular reference to the 2019public information request, we can provide her with a copy of the same information subject to appropriate exceptions to the disclosures. If she wishes to submit a similar public information request for 2020, she can do so of course. PTAD will consider each request for information individually and reviews the request with the agency’s Open Records GeneralCounsel, which I think also answers her next bullet point. For the remainder of Marya’s questions, the answers are straight out of the Code and Rules. PTAD conducts the PVS according to Gov’t Code Sec.’s 403.301 through 403.304, and Rule 9.101 (Conduct of the Property Value Study) whichadopts by reference the Standard on Ratio Studies, International Association of Assessing Officers, except where it is inconsistent with Rule 9.101. PTAD also provides publications on our website with explanations of how we conduct the PVS including, The Property Value Study and How to Protest and Field Appraisers Procedures. Michael Gary MICHAEL B. GARY

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SENIOR COUNSEL

FISCAL & AGENCY AFFAIRS LEGAL SERVICES DIVISION

PROPERTY TAX ASSISTANCE

TEXAS COMPTROLLER OF PUBLIC ACCOUNTS

CENTRAL SERVICES BUILDING

1711 SAN JACINTO BLVD., THIRD FLOOR, AUSTIN, TX 78701

TEL. 512.475.5696

NOTICE:Thiscommunicationmaybeconfidentialand/orprivilegedunderlaw—specificallyincludingTex.R.Civ.P.192,ArticleVoftheTexasRulesofEvidence,andotherapplicablestatutory,quasi‐statutory,andcommonlaw.Accordingly,pursuanttoChapter552oftheTexasGov’tCode(the“TexasPublicInformationAct”)andcourtinterpretationsthereof,theinformationthatiscontainedwithinthiscommunicationmaynotbesubjecttodisclosuretothepublicunderSection552.101,etseq.,oftheCode—specificallyincludingSections552.103,552.107,552.108,and552.111—andfurthermaybeprotectedfromdisclosureorproductionforotherpurposes,suchasinthecontextofcivildiscovery.

From: Korry Castillo <[email protected]> Sent: Friday, January 31, 2020 12:41 PM To: Michael Gary <[email protected]> Subject: FW: Property Value Study Hi Michael, Can you please review Marya’s questions and get back to me? Thanks, Korry

From: Marya D. Crigler <[email protected]> Sent: Tuesday, January 28, 2020 7:31 PM To: Korry Castillo <[email protected]>; Shannon Murphy <[email protected]> Subject: Property Value Study

CAUTION: This email originated from outside of the Texas Comptroller's email system. DO NOT click links or open attachments unless you expect them from the sender and know the content is safe.

Korry, As we have previously discussed Travis CAD has ongoing issues related to ABOR/CoreLogic and denial of access to market data, which will impact our ability to provide accurate appraisals of all property in Travis County. Recently ABOR has taken further actions to specifically deny Travis CAD access to market data. We have explored multiple alternative sources of market data, unfortunately most are denied to us or produce extremely limited data. Because the potential impact to my taxing units, specifically to our school districts in a property value study year, I am going to have to start

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having extremely difficult conversations with them. I do not want to misstate any facts and want to verify my understanding of the property value study from prior conversations with you and other members of PTAD staff.

2020 will be a Property Value Study year for Travis CAD school districts The comptroller uses market data acquired from both Travis CAD and all other available sources when

conducting the property value study A public information request in 2019 showed that the Comptroller does have access to market data from ABOR

and this data is used in the property value study. Is this still the case for 2020?

The comptroller considers market data gathered from the CAD and other sources to be (work in progress?) excluded from open records requests prior to the completion of the property value study. Appraisal districts may request and receive the data once the preliminary findings have been completed, i.e. during the protest period, or after final findings have been published.

Generally, the margin of error for determining valid or acceptable values is 5 %. If the appraised values fall outside of the margin of error it is an “Invalid Finding”. If an invalid finding is determined there is a possibility that the school district might qualify for grace period and

be held harmless for the purposes of school funding. In grace period local value is assigned rather than state value. Travis CAD school district can qualify for grace period in 2020 if:

1. In 2020 the local value is invalid and does not exceed the state value 2. In 2016 and 2018 the local value was valid 3. In 2020 the aggregate local value of all studied categories is not less than not less than 90% of the lower

limit of the margin of error This calculates to margin of error of 14.5% (or overall ratio of no lower than 85.5%).

4. Travis CAD was in compliance with the scoring requirement of the 2019 MAP review. Invalid finding will trigger another property value study in the subsequent year. Grace period runs two consecutive years and will does not reset until the CAD has passed two consecutive

property value studies Please let me know if I am misunderstanding anything or if there are other pertinent facts I should be aware of. Thanks, Marya D. Crigler, RPA Chief Appraiser Travis Central Appraisal District 8314 Cross Park Drive Austin TX 78754 (512) 834‐9317 ext. 337

CONFIDENTIALITY NOTICE: This communication is intended only for the use of the individual or entity to which it is addressed and may contain confidential and/or privileged information. If you are not the intended recipient of this information, please delete all of the material from any computer that may have it. Any unauthorized use, dissemination, distribution, or copying of this communication is strictly prohibited.

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TRAVIS CENTRAL APPRAISAL DISTRICTMonthly Communications Report February 2020

TRADITIONAL MEDIA SOCIAL MEDIA ACCOMPLISHMENTSTotal News Stories 59 Total Followers 723 • Held homestead exemption town hall

• Continued digital and traditionalmedia campaigns to promotehomestead exemptions

• Managed media campaign regardingresidential appraisal news

• Developed protest process outreachpresentation and outreach strategy,including HOA contact list

• Finalized protest process explanationfor website

• Developed protest process speakerrequest form for website

• Held extensive backgroundconversations with local reporters toset up interviews regarding 2020appraisals

Direct Quotes 47.5% Total Impressions 45,748

Positive Tone 71.2% Engagement Rate 1.69%

On Message 86.4% Most Engaging Post

Media Requests• KVUE, Community Impact, The

Austin Bulldog, Austin AmericanStatesman, Austin Monitor, KUT,CBS Austin, KXAN, KVUE

Popular Topics• 2020 appraisals• Homestead exemptions

WEBSITETotal Visitors 103,984

Total Sessions 182,853 KEY TAKEAWAYS AND NEXT STEPS% Visits from Social Media

0.29% • Technical issues with the website have a significant impact on the public’s abilityto access information when they need it. Efforts should be made to make thewebsite more stable and reliable.

• Declines in social media metrics were primarily due to a lower ad spend and anincrease in attention to traditional media campaigns this month.

• Metrics for traditional media coverage skyrocketed this month and wereoverwhelmingly positive, demonstrating that people want to hear more fromTCAD and are willing to share our perspective on issues.

Popular Content• Property search• Homepage• Eservices DRAFT

850 EAL Holding Corp.Construction Budget-to-ActualMarch 04, 2020

Original Budget Final Budget ExpensesVariance

(Over)/Under

% of Total Budget

RemainingArchitectural & Engineers (RFQ 2019-11) 490,100.00$ 537,400.00$ 537,400.00$ -$ 0.00%Constructions (RFP 2019-12) 7,800,000.00 6,846,857.05 426,328.58 6,420,528.47 93.77%Total 8,290,100.00 7,384,257.05 963,728.58 6,420,528.47 86.95%

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850 EAL Holding Corp.Construction Budget-to-ActualMarch 04, 2020

Demo Construction Architectural TotalTotal Budget 436,579.84$ 6,410,277.21$ 490,100.00$ 7,336,957.05$ Total Approved Expenses 426,328.58 6,927,554.86 537,400.00 7,891,283.44 Remaining Budget 10,251.26 (517,277.65) (47,300.00) (554,326.39)

% of Budget Remaining 2.35% -8.07% -9.65% -7.56%

Status CompletePermit Approved

2/14/20

0Under Budget by

$10,251.26

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Construction Budget- FundingMarch 04, 2020

Reserve for Building Repair & Replacement 5,058,147.56$ Miscellaneous Revenue 3,249,414.44 Escrow- Government Capital Corp. 1,642,044.27

9,949,606.27$

Less: Total Budget 7,891,283.44 Under (OVER) Budget 2,058,322.83$

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850 EAL Holding Corp.Purchase Orders- 850 EAL

PO # Description Vendor Amount Status Approval DateSite Survey- Boundary Kimley Horn 6,000.00$ Approved 8/30/2019Site Survey- Topographic Kimley Horn 7,000.00$ Approved 8/30/2019

TCAD-001 Demo & Abatement Package Balfour Beaty 392,260.00$ Approved 10/22/2019TCAD-002 Change Order- Preconstruction Fees & Bonds Balfour Beaty 11,366.00$ Approved 11/7/2019TCAD-003 Change Order- Additional Demo & Abatement Balfour Beaty 14,304.74$ Approved 11/13/2019TCAD-004 Change Order- Temp Fencing Balfour Beaty -$ Approved 11/13/2019TCAD-005 Architectural Fees GSC Architects 490,100.00$ Approved 10/1/2019TCAD-006 Additional Demo & Electrical- IT Server Rm. Wall Balfour Beaty 1,962.36$ Approved 12/4/2019TCAD-007 Refund of Unused Contingency Balfour Beaty (10,251.26)$ Approved 12/17/2019TCAD-008 Renovation of 850 EAL Balfour Beatty Construction 5,836,878.00$ Approved 1/10/2020TCAD-009 Site Plan Exemption for Water Tap for Fire System GSC Architects 47,300.00$ Approved 2/7/2020TCAD-010 RCO 001: RFI 7- Repair to Woman's Restroom Wall Balfour Beatty Construction -$ Approved 1/29/2020TCAD-011 RCO 002: Replace Exposed Paper Back Insullation Balfour Beatty Construction -$ Approved 1/30/2020TCAD-012 RCO 003: Backfil Elevator Pit Cavity in Annex Balfour Beatty Construction -$ Approved 2/6/2020TCAD-013 RCO 004: Battery Operated Flush Valves Balfour Beatty Construction -$ Approved 2/10/2020

TCAD-014RCO 005: Remove & Replace Non ADA Compliant Concrete Entrance Balfour Beatty Construction -$ Approved 2/10/2020

TCAD-015 Data Cabling for 850 EAL Cable Com Inc. 312,553.07$ Approved 1/21/2020TCAD-016 WSHP Replacement- 850 EAL Team Services 605,719.00$ Approved 2/20/2020TCAD-017 RCO 006: Cane Rail on Rooftop Balfour Beatty Construction -$ Approved 2/25/2020TCAD-018 Door Access & Security Camera Systems Knight Security 172,404.79$ Approved 2/25/2020

March 04, 2020

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850 EAL Holding Corp.10670- Construction in Progress

Date Description Amount6/7/2019 Purchase Price of Building 8,530,000.00 6/7/2019 Closing Costs- Filing Fees 622.00 9/1/2019 Interest Cost- Loan Payment 107,837.25 10/1/2019 Architect Fees- September 2019 111,367.51

10/1/2019 Abatement Consulting- Design Documents 1,200.00

10/31/2019 Construction Fees- October 2019 29,660.00 10/31/2019 Architect Fees- October 2019 156,494.87 11/30/2019 Construction Fees- November 2019 158,978.94 11/30/2019 Abatement Consulting- Monitoring 8,441.25 11/30/2019 Architect Fees- November 2019 68,113.73 12/1/2019 Capitalized Interest Cost- 850 EAL Loan Payment- 12.01.19 106,981.32 12/10/2019 Permitting Fees- 850 EAL Renovation Project 7,855.12 12/27/2019 On-site Asbestos Abatement Project Management & Air Mo 9,767.50 12/31/2019 Construction Fees- December 2019 221,002.90 12/31/2019 Architect Fees- December 2019 51,103.08 1/31/2020 Construction Fees- January 2020 392,605.00 1/31/2020 Architect Fees- January 2020 15,502.93 1/31/2020 Site Plan Exemption- 850 EAL 254.80 1/31/2020 Work Order Prepayment to move DMARC @ 850 EAL 500.00 Total 9,978,288.20

March 04, 2020

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TCAD TOTAL RCO# 001 RCO# 002 RCO# 003 RCO# 004 RCO# 005 Cable Com Team Services RCO# 006 Knight SecurityDESCRIPTION $ / SF TCAD-008 TCAD-010 TCAD-011 TCAD-012 TCAD-013 TCAD-014 TCAD-015 TCAD-016 TCAD-017 TCAD-018 TOTAL ACTUAL 16412001-1 TOTAL BILLED % Budget

ALLOWANCES $ 35,650.00 $ 0.49 $ 35,650.00 $ 35,650.00 $ (1,386.90) $ (12,916.80) $ (3,995.00) $ 17,351.30 $ - 51.33%HAZARDOUS MATERIAL ASSESSMENT $ - $ - $ - $ - 100.00%SELECTIVE DEMOLITION $ - $ - $ - $ - 100.00%HAZARDOUS MATERIAL REMOVAL / ABATE $ - $ - $ - $ - 100.00%THIRD PARTY CONSULTING- ABATEMENT $ - $ - $ - $ - 100.00%CONCRETE $ 69,345.00 $ 0.95 $ 69,345.00 $ 69,345.00 $ 3,817.00 $ 10,112.00 $ 83,274.00 $ - -20.09%MASONRY / CAST STONE $ - $ - $ - $ - 100.00%STRUCTURAL / METAL FABRICATIONS $ 93,525.00 $ 1.29 $ 93,525.00 $ 93,525.00 $ 93,525.00 $ 11,260.00 $ 11,260.00 0.00%STAIRS & HANDRAILS $ - $ - $ 3,995.00 $ 3,995.00 $ - #DIV/0!DECORATIVE METALS $ - $ - $ - $ - 100.00%ARCHITECTURAL WOODWORK $ 159,990.00 $ 2.20 $ 159,990.00 $ 159,990.00 $ 159,990.00 MILLWORK $ - $ - $ - $ - 100.00%DAMPPROOFING & WATERPROOFING $ - $ - $ - $ - 100.00%MEMBRANE ROOFING $ 38,726.00 $ 0.53 $ 38,726.00 $ 38,726.00 $ 38,726.00 $ - 0.00%SPRAYED INSULATION $ - $ - $ - $ - 100.00%DOORS / FRAMES / HARDWARE $ 106,444.00 $ 1.46 $ 106,444.00 $ 106,444.00 $ 106,444.00 $ - 0.00%GLASS / GLAZING $ 81,310.00 $ 1.12 $ 81,310.00 $ 81,310.00 $ 81,310.00 $ - 0.00%PLASTER / STUCCO $ - $ - $ - $ - 100.00%DRYWALL / ACOUSTICAL $ 403,400.00 $ 5.55 $ 403,400.00 $ 403,400.00 $ 1,340.00 $ 12,480.00 $ 417,220.00 $ 55,000.00 $ 55,000.00 -3.43%TILING $ 77,300.00 $ 1.06 $ 77,300.00 $ 77,300.00 $ 77,300.00 $ 21,000.00 $ 21,000.00 0.00%TERRAZZO FLOORING $ - $ - $ - $ - 100.00%RESILIENT FLOORING & CARPET $ 199,869.00 $ 2.75 $ 199,869.00 $ 199,869.00 $ 199,869.00 $ - 0.00%PAINTING & WALLCOVERING $ 138,120.00 $ 1.90 $ 138,120.00 $ 138,120.00 $ 138,120.00 $ - 0.00%DECORATIVE WALL FINISHING $ - $ - $ - $ - 100.00%SIGNAGE & IDENTIFICATION DEVICES $ 25,160.00 $ 0.35 $ 25,160.00 $ 25,160.00 $ 25,160.00 $ - 0.00%OPERABLE PARTITIONS $ - $ - $ - $ - 100.00%TOILET, BATH & LAUNDRY SPECIALTIES $ 49,400.00 $ 0.68 $ 49,400.00 $ 49,400.00 $ 49,400.00 $ - 0.00%FIRE PROTECTION SPECIALTIES $ - $ - $ - $ - 100.00%LOCKERS $ - $ - $ - $ - 100.00%APPLIANCES $ - $ - $ - $ - 100.00%AUDIO-VISUAL EQUIPMENT $ - $ 100,000.00 $ 100,000.00 $ - $ - 100.00%WINDOW TREATMENTS $ 8,420.00 $ 0.12 $ 8,420.00 $ 8,420.00 $ 8,420.00 $ - 0.00%COUNTERTOPS $ - $ - $ - $ - 100.00%SITE FURNISHINGS $ - $ - $ - $ - 100.00%ELEVATORS / ESCALATORS / LIFTS $ 356,400.00 $ 4.90 $ 356,400.00 $ 356,400.00 $ 356,400.00 $ - 0.00%FIRE SUPPRESSION SPRINKLER SYSTEM $ 226,440.00 $ 3.11 $ 226,440.00 $ 226,440.00 $ 226,440.00 $ - 0.00%PLUMBING $ 377,550.00 $ 5.19 $ 377,550.00 $ 377,550.00 $ 8,960.15 $ 386,510.15 $ 28,221.00 $ 28,221.00 -2.37%TESTING, ADJUSTING & BALANCING $ - $ - $ - $ - 100.00%DIRECT-DIGITAL CONTROL SYSTEM $ - $ - $ - $ - 100.00%HVAC $ 1,368,780.00 $ 18.82 $ 1,368,780.00 $ 1,368,780.00 $ 605,719.00 $ 1,974,499.00 $ 93,699.00 $ 93,699.00 -44.25%ELECTRICAL $ 1,260,102.00 $ 17.33 $ 1,260,102.00 $ 1,260,102.00 $ 1,260,102.00 $ 59,100.00 $ 59,100.00 0.00%STRUCTURED CABLING $ - $ 312,553.07 $ 312,553.07 $ 312,553.07 $ 312,553.07 $ - #DIV/0!ACCESS CONTROL & SECURITY $ - $ 160,846.14 $ 160,846.14 $ 172,404.79 $ 172,404.79 $ - #DIV/0!FIRE ALARM $ 41,223.00 $ 0.57 $ 41,223.00 $ 41,223.00 $ 41,223.00 $ - 0.00%UTILITIES (FIRE SPRINKLER) $ 50,000.00 $ 0.69 $ 50,000.00 $ 50,000.00 $ 50,000.00 $ - 0.00%CONCRETE PAVING $ - $ - $ - $ - 100.00%PAVEMENT MARKINGS & SPECIALTIES $ - $ - $ - $ - 100.00%TOTAL COST OF WORK 5,167,154.00$ 573,399.21$ 5,740,553.21$ 5,167,154.00$ (46.90)$ (436.80)$ 3,817.00$ 8,960.15$ 10,112.00$ 312,553.07$ 605,719.00$ -$ 172,404.79$ 6,280,236.31$ 268,280.00$ -$ 268,280.00$ -21.54%GENERAL CONDITIONS/REQUIREMENTS 183,804.00$ 183,804.00$ 183,804.00$ $ 44,000.00 $ 44,000.00 0.00%TOTAL COST OF WORK & GEN. CONDITIONS 5,350,958.00$ 573,399.21$ 5,924,357.21$ 5,350,958.00$ (46.90)$ (436.80)$ 3,817.00$ 8,960.15$ 10,112.00$ 312,553.07$ 605,719.00$ -$ 172,404.79$ 6,464,040.31$ 312,280.00$ -$ 312,280.00$ -20.80%GENERAL LIABILITY 60,704.00$ 1.04% 60,704.00$ 60,704.00$ $ 12,150.00 $ 12,150.00 0.00%BUILDER'S RISK INSURANCE 4,961.00$ 0.09% 4,961.00$ 4,961.00$ $ 975.00 $ 975.00 0.00%BUILDING PERMIT -$ -$ -$ $ - 100.00%SUBGUARD 78,798.00$ 1.35% 78,798.00$ 78,798.00$ $ 16,000.00 $ 16,000.00 0.00%PERFORMANCE BOND 49,613.00$ 0.85% 49,613.00$ 49,613.00$ 10,000.00$ $ 10,000.00 0.00%SUBTOTAL 5,545,034.00$ 573,399.21$ 6,118,433.21$ 5,545,034.00$ (46.90)$ (436.80)$ 3,817.00$ 8,960.15$ 10,112.00$ 312,553.07$ 605,719.00$ -$ 172,404.79$ 6,658,116.31$ 351,405.00$ -$ 351,405.00$ -20.07%CONTRACTOR CONTINGENCY 87,553.00$ 1.50% 87,553.00$ (3,950.60)$ (9,273.76)$ (10,465.92)$ 63,862.72$ $ - 27.06%SUBTOTAL 5,632,587.00$ 573,399.21$ 6,205,986.21$ 5,632,587.00$ (46.90)$ (436.80)$ (133.60)$ (313.61)$ (353.92)$ 312,553.07$ 605,719.00$ -$ 172,404.79$ 6,721,979.03$ 351,405.00$ -$ 351,405.00$ -19.34%FEE 204,291.00$ 3.50% 204,291.00$ 46.90$ 436.80$ 133.60$ 313.61$ 353.92$ 205,575.83$ $ 41,200.00 $ 41,200.00 -0.63%SALES TAX -$ $ - 100.00%PRECONSTRUCTION FEE -$ $ - 100.00%GRAND TOTAL COST 5,836,878.00$ 573,399.21$ 6,410,277.21$ 5,836,878.00$ (0.00)$ 0.00$ 0.00$ (0.00)$ (0.00)$ 312,553.07$ 605,719.00$ -$ 172,404.79$ 6,927,554.86$ 392,605.00$ -$ 392,605.00$ ‐18.69%

BALFOUR BEATTYBudget Balfour Beatty Billings Approved Expenditures

DRAFT

AGENDA ITEM #5C

TRAVIS CENTRAL APPRAISAL DISTRICT BOARD OFFICERS TOM BUCKLE CHAIRPERSON BRUCE GRUBE VICE CHAIRPERSON JAMES VALADEZ

SECRETARY/TREASURER


BOARD MEMBERS THERESA BASTIAN

BRUCE ELFANT BLAMCA ZAMORA-GARCIA

ANTHONY NGUYEN ELEANOR POWELL


P.O. BOX 149012 8314 CROSS PARK DRIVE AUSTIN, TEXAS 78714-9012 (512) 834 9317WWW.TRAVISCAD.ORG

TO: Travis Central Appraisal District Board of Directors

FROM: Leana H. Mann Director of Operations

DATE: March 4, 2020

RE: Item No. 5C- Furniture & Moving Services- 850 EAL

The District requests the Board of Directors approve a not to exceed amount of $466,805 to purchase additional workstations, office furniture, cubicle breakdown and reinstallation services, and moving services. The District will purchase the additional cubicles and office furniture via state purchasing contracts. Current cubicle design, cubicle breakdown, reinstallation, and office relocation services are proposed to be provided through Modular Installation Services, Inc.

Description Amount Design Services $ 7,000 Additional Cubicles 314,430 Other Furniture 40,000 Installation of Workstations 49,975 Remove & Disposal 7,000 Office Moving 48,400 TOTAL COST $ 466,805

Respectfully submitted,

Leana H. Mann, CGFO Director of Operations DRAFT