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HomeMy WebLinkAboutCity Council Agenda 8-20-03.doc AGENDA #2316 CITY COUNCIL MEETING/WORK SESSION CITY OF UNIVERSITY PARK, TEXAS CITY HALL CONFERENCE ROOM WEDNESDAY, AUGUST 20, 2003 AT 7:30AM I. ITEMS FROM THE FLOOR Anyone wishing to address an item not on the Agenda or having questions about items on the Consent Agenda should do so at this time. Questions and comments regarding Main Agenda items may be made when that item is addressed by the City Council. II. CONSENT AGENDA A. CONSIDER: Resolution renewing City Investment Policy Austin Tab I B. CONSIDER: Office Supplies Contract through U.S. Communities Green Tab II C. CONSIDER: Approval of City Council Meeting Minutes for August 5, 2003 Wilson Tab III III. MAIN AGENDA A. CONSIDER: Request from Highland Park Lacrosse Board Thom Hanford Tab IV B. PUBLIC HEARING: Regarding proposed FY2004 budget and proposed property tax rate Austin Tab V C. CONSIDER: Adoption of 2003 Certified Tax Roll - Austin Tab VI D. CONSIDER: Bids for In - Place Recycling of asphalt pavements along various Streets Smallwood Tab VII E. CONSIDER: Interlocal Agreement with the City of Dallas for the reconstruction of Lovers Lane from Boedeker east to Willard Smallwood Tab VIII F. CONTiNUATION OF DISCUSSION: Regarding Pay and Display Parking Livingston Tab IX G. CONSIDER: Change Order for contract with Ken - Do Construction for realignment of Caruth - Turtle Creek Boulevard intersection Smallwood Tab X As authorized by Section 551.071(2) of the Texas Government Code, this meeting may be convened into Closed Executive Session for the purpose of seeking confidential legal advice from the City Attorney on any agenda items listed herein. AGENDA MEMO (08/20/03 AGENDA) DATE: TO: FROM: SUBJECT: August 13, 2003 Honorable Mayor and City Council Kent R. Austin, Director of Finance Resolution renewing City Investment Policy ITEM: The Texas Public Funds Investment Act (PFIA) requires that a city's goveming body "review its investment policy and investment strategies not less than annually" and that the policy be adopted by rule, order, ordinance, or resolution. The City Council last approved University Park's Investment Policy via resolution in March 2003, when the TexStar investment pool was added and the LOGIC and Lone Star pools were deleted. Staffproposes no changes to the policy adopted earlier this year. Review and renewal of the policy now will satisfy PFIA requirements for another year. The Finance Advisory Committee considered the policy at their August 6, 2003, meeting and recommended approval with no changes as well. Highlights of the City's investment policy include: · Emphasis on safety of principal first, liquidity second, and yield third; · Listing of eligible investments, including U.S. Treasury and agency securities and specific local government investment pools but excluding commercial paper and collateralized mortgage obligations; · Requirements for quarterly investment reporting and 'marking to market' to reflect fair market value of securities held by the City; · Use of delivery versus payment for settlement of investment transactions; · Establishment of asset allocation limits (for example, maximum 60% for U.S. agencies and 50% for local government investment pools); · Limitation of maximum portfolio weighted average maturity to 548 days (1.5 years) and no final stated maturities longer than five years for individual securities; and · Designation of the Finance Advisory Committee as the City's investment committee. In the interest of brevity, I have omitted the appendices from the attached 18-page investment policy. These appendices consist of boilerplate language regarding State investment legislation, master repurchase agreement, broker/dealer certification, and broker/dealer questionnaire. They remain unchanged from last year. 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 C:\Documents and Settings~nwilson\Local Settings\Temporary Internet Files\OLK21~AGENDA MEMO Invest Poi Adopt 082003.doc 12:38 PM 08/14/03 RECOMMENDATION: City staff and the Finance Advisory Committee recommend approval of the attached resolution adopting the Investment Policy. The resolution names the Finance Director, City Manager, and Controller as investment officers, and the Finance Advisory Committee approved a list of seven authorized broker/dealers. ATTACHMENTS: · Finance Advisory Committee draft meeting minutes, August 6, 2003 · Resolution adopting City investment policy · Proposed City investment policy sans appendices 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 C:\Documents and Settings~nwilson\Local Settings\Temporary Internet Files\OLK21~AGENDA MEMO Invest Poi Adopt 082003.doc 12:38 PM 08/14/03 CITY OF UNIVERSITY PARK, TEXAS FINANCE AD VISORY COMMITTEE WEDNESDA Y, AUGUST 6, 2003 at 7:30 A.M. MINUTES Committee members attending Atwood, John Edwards, Richard Kelley, Terry Mahon, Ed Others present: Austin, Kent Livingston, Bob Tvardzik, Tom Zelms, Alison Absent: Davis, Dick Councilmember Harralson, Howell Olmsted, Bob Chair Stuart, John Call to order. Kent Austin called the meeting to order at 7:36 a.m. Bob Livingston introduced Alison Zelms, Administrative Intern. Ms. Zelms provided an overview of the pay and display parking meter concept. A brief discussion ensued. No action was taken. 2. Review/approve minutes of June ] 7, 2003 meeting. Ed Mahon moved approval of the June 17, 2003 meeting minutes. John Atwood seconded, and the motion was approved 4-0. 3. Review/approve investment policy, broker-dealer list, and investment officers. Kent Austin reviewed the Investment Policy with the Committee pointing out no new amendments have been added to the State Public Funds Investment Act and none are being proposed by the City. The proposed broker-dealer list includes the same seven broker-dealers currently approved to do business with the City: A.G. Edwards & Sons; Bank of America; BOSC, Inc; First Southwest Co.; First Tennessee; Merrill Lynch; and Salomon Smith Barney. John Atwood suggested inviting Frost Brokerage to apply for approval in the future. The proposed investment officers list is unchanged and includes Kent Austin, Tom Tvardzik and Bob Livingston. Terry Kelley moved approval of the City Investment Policy and related items, and John Atwood seconded. The motion was approved 4-0. C: [Documents and Settings[nwilson[Local Settings[ Temporary D~ternet Files[OLK2l [FACrninutes 080603. doc 08/15/03 4. Review/discuss proposed FT2004 budget Kent Austin and Bob Livingston briefed the Committee regarding the proposed FY2004 budget, composed of the General Fund, Utilities Fund, and Sanitation Fund. The Committee asked about the deficit budgets for Sanitation and Utilities, compared to the balanced General Fund budget. Austin replied that actual expenditures will likely be under budget and actual revenues will likely be over budget for example, water revenue is volatile and can change substantially from year to year. The Sanitation Fund revenues are largely fixed, but historically Fund expenditures have been under budget. Rather than propose rate increases or make personnel reductions, City staff recommends approving deficit budgets for these two enterprise funds. Should actual deficits be incurred, rate increases or personnel changes can be considered. Committee members asked about some of the General Fund revenue amounts. Austin and Livingston noted that some numbers are deliberately under-budgeted, such as building permits. This is done so that the budget does not become overly dependent on revenue sources that could change sharply. Austin noted that the interest revenue number, on the other hand, was optimistic but more consistent with longer-term averages. Richard Edwards and Terry Kelley suggested more realistic revenue projections so that each number was more self-evident. After additional discussion, Terry Kelley moved approval of the FY2004 budget. John Atwood seconded, and the motion was approved 4-0. 5. Review April-dune 2003 City investment reports. Austin reported that the investment report was not yet available for review. 6. Review dune and duly 2003 City fund reports. Austin and the Committee reviewed the reports. No action was taken. New business. a. Update: City Hall reconstruction project. Bob Livingston described the plans for the water line replacement and the creek paving to begin in fall 2003. b. Next Committee meeting date The next meeting will be held some time during the first half of November. 8. Adjourn. The meeting adjourned at 8:58 a.m. Bob Olmsted, Chair Kent R. Austin, Director of Finance C: [Documents and Settings[nwilson[Local Settings[ Temporary Internet Files[OLK2] [FACrninutes 080603. doc 08/15/03 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK, TEXAS, ADOPTING THE INVESTMENT POLICY OF THE CITY OF UNIVERSITY PARK HERETOFORE ADOPTED BY RESOLUTION NO. 03-06; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Public Funds Investment Act, as amended, requires the City to adopt an investment policy by rule, order, ordinance or resolution, and to review such policy not less than annually; and WHEREAS, the Public Funds Investment Act, as amended, requires the Treasurer, the Chief Financial Officer, and the Investment Officers of the City to attend investment training; and WHEREAS, the City of University Park approves of the investment training courses sponsored by the Texas Municipal League and other independent sources; and WHEREAS, the Treasurer, the Chief Financial Officer, and the Investment Officers of the City have attended investment training courses as required by the Public Funds Investment Act; and WHEREAS, the attached investment policy complies with the Public Funds Investment Act, as amended, and authorizes the investment of City funds in safe and prudent investments; Now, Therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK, TEXAS: SECTION 1. That the City of University Park has complied with the requirements of the Public Funds Investment Act, and the Investment Policy, as amended, attached hereto as Exhibit "A" is hereby adopted as the Investment Policy of the City of University Park, effective August 20, 2003. SECTION 2. That the following individuals are hereby designated as Investment Officers for the City of University Park: Kent Austin, Director of Finance; Bob Livingston, City Manager; and, Thomas Tvardzik, Controller. SECTION 3. This resolution shall take effect from and after its passage, and it is accordingly so resolved. C'.' IDocuments and 3'ettingslnwilsonlLocal 3'ettingsl Temporary Jnternet FileslOLK2l IResolution Jnvest Poi 2003 March. doc DULY PASSED AND APPROVED by the City Council of the City of University Park, Texas, on the 20th day of August, 2003. APPROVED: APPROVED AS TO FORM: HAROLD PEEK, MAYOR ATTEST: CITY ATTORNEY NINA WILSON, CITY SECRETARY C'.' [Documents and Settings[nwilson[Local Settings[ Temporary Internet Files[OLK2] [Resolution Invest Poi 2003 March. doc Investment Policy Effective August 20, 2003 City of University Park, Texas City of University Parlq Texas - Investmem Policy CONTENTS Preface ....................................................................................................................... iv 1. PURPOSE o o 2. 3. 4. Authorization ................................................................................................... 1 Goal ................................................................................................................ 1 Scope .............................................................................................................. 1 Review and Amendment ................................................................................... 1 INVESTMENT OBJECTIVES 2. 3. 4. Preservation and Safety of Principal .................................................................. 2 Maintenance of Adequate Liquidity .................................................................. 2 Return on Investments ...................................................................................... 2 Prudence and Ethical Standards ........................................................................ 3 INVESTMENT STRATEGY STATEMENT 2. 3. 4. Operating Funds ............................................................................................... 4 Bond Debt Service Funds ................................................................................. 4 Bond Reserve Funds ........................................................................................ 4 Capital Projects Funds ...................................................................................... 5 SPECIFIC INVESTMENT POLICIES Eligible Investments ......................................................................................... 6 1. Obligations of the United States ............................................................... 6 2. Obligations of the State of Texas .............................................................. 6 3. Agencies of the United States and State of Texas ...................................... 6 4. Obligations of other States, Counties, Cities ............................................. 6 5. Direct Repurchase Agreements ................................................................ 6 6. Certificates of Deposit ............................................................................. 6 7. Share Certificates of state and federal Credit Unions ................................. 7 8. Money Market Mutual Funds ................................................................... 7 9. Local Government Investment Pools ......................................................... 7 Ensuring Safety of Principal ............................................................................... 8 1. Protection of Principal ............................................................................. 8 1. Approved Broker/Dealers/Financial Institutions/Depositories ............... 8 2. Master Repurchase Agreement ........................................................... 9 3. Collateralization ................................................................................. 9 City of University Parlq Texas - Investment Policy 1. Allowable Collateral ................................................................. 10 1. Certificates of Deposit ....................................................... 10 2. Repurchase Agreements ..................................................... 10 2. Collateral Levels ....................................................................... 10 1. Certificates of Deposit ....................................................... 10 2. Repurchase Agreements ..................................................... 11 3. Monitoring Collateral Adequacy ................................................ 11 1. Certificates of Deposit ....................................................... 11 2. Repurchase Agreements ..................................................... 11 4. Margin Calls ............................................................................. 11 1. Certificates of Deposit ....................................................... 11 2. Repurchase Agreements ..................................................... 11 5. Collateral Substitution ............................................................. 12 6. Collateral Reductions ............................................................. 12 4. Portfolio Diversification ................................................................... 12 1. Bond Proceeds .......................................................................... 13 5. Limiting Maturity ............................................................................ 13 1. Operating Funds ....................................................................... 13 2. Bond Proceeds, Bond Reserves, Debt Service Funds .................. 13 2. Safekeeping ............................................................................................ 14 1. Safekeeping Agreement ................................................................... 14 2. Safekeeping of Certificate of Deposit Collateral ................................ 14 3. Safekeeping of Repurchase Agreement Collateral ............................. 14 Ensuring Liquidity ......................................................................................... 14 Achieving Investment Return Objectives ......................................................... 15 1. Securities Swaps ..................................................................................... 15 2. Competitive Bidding ............................................................................... 15 3. Methods of Monitoring Market Price ....................................................... 15 4. Benchmark Rate of Return ...................................................................... 16 Responsibility and Controls ............................................................................ 16 1. Authority to Invest .................................................................................. 16 2. Bonding requirements/Standard of care .................................................... 16 3. Establishment of Internal Controls ........................................................... 17 4. Standard of Ethics ................................................................................... 17 5. Training and Education ........................................................................... 17 6. Investment Committee ............................................................................. 18 Reporting ....................................................................................................... 18 Compliance Audit .......................................................................................... 19 Certification ................................................................................................... 19 5. ADOPTING CLAUSE ........................................................................................... 20 City of University Parlq Texas - Investmem Policy APPENDICES ao INVESTMENT LEGISLATION ................................................................ 21 MASTER REPURCHASE AGREEMENT .............................................. 48 BROKER/DEALER CERTIFICATION ................................................... 56 ATTACHMENTS BROKER/DEALER QUESTIONNAIRE ................................................... 58 iii City of University Parlq Texas - Investment Policy PREFACE The purpose of this document is to establish specific investment policy and strategy guidelines for the City of University Park, Texas ("City") in order to achieve the goals of safety, liquidity and yield for all investment activity. The City shall review its investment strategies and policy not less than annually. This policy serves to satisfy the statutory requirement, specifically the Public Funds Investment Act, Chapter 2256 of the Texas Government Code (the "Act"), to define, adopt and review a formal investment strategy and policy. It is the policy of the City that all available funds shall be invested in conformance with these legal and administrative guidelines. Effective cash management is recognized as essential to good fiscal management. An aggressive cash management and investment policy will be pursued to take advantage of investment interest as viable and material revenue to all operating and capital funds. The City's portfolio shall be designed and managed in a manner responsive to the public trust and consistent with state and federal law. Investments shall be made with the primary considerations of: · Preservation of capital and protection of principal · Maintenance of sufficient liquidity to meet operating needs · Security of City funds and investments · Diversification of investments to avoid unreasonable or foreseeable risks · Maximization of return on the portfolio SECTION 1 PURPOSE City of University Parlq Texas - Investment Policy 1. Purpose 1. Authorization This Policy is to be authorized by the City Council in accordance with Section 5 of the Public Funds Investment Act (Chapter 2256, Texas Government Code), which requires the adoption of a formal written Investment Policy. 2. Goal The primary goal of the City of University Park's Investment Policy shall be to ensure the safety of all funds entrusted to the City; to maintain the availability of those funds for the payment of all necessary obligations of the City; and to provide for the investment of all funds, not immediately required, in interest-bearing securities or pooled investment products. The safety of the principal invested shall always be the primary concern. 3. Scope This Investment Policy of the City of University Park shall include all investment activities of any fund of the City, except for the Firemen's Relief and Retirement Fund, which is covered by a separate policy. In addition to this Policy, bond funds, including debt service and reserve funds, shall be managed by their governing resolution and federal law, including the Tax Reform Act of 1986 and subsequent legislation. City funds will be pooled for investment purposes. 4. Review and Amendment This Policy may be amended from time to time as the City Council may so desire, or as State Law may require. This Policy, which includes strategies for each fund or pooled fund group, shall be adopted by resolution, rule, or ordinance by the City Council and shall be reviewed annually by the City Council. The fact that the Investment Policy has been reviewed and that any amendments have been made must be recorded by resolution, rule or ordinance. SECTION 2 INVESTMENT OBJECTIVES City of University Parlq Texas - Investment Policy 2. INVESTMENT OBJECTIVES The City shall manage and invest its cash with four objectives, listed in order of priority: Preservation and Safety of Principal; Liquidity; Yield; and Prudence. All investments shall be designed and managed in a manner responsive to the public trust and consistent with State and Local Law. The City shall maintain a comprehensive cash management program that includes the prudent investment of available cash. Cash management is defined as the process of managing monies in order to increase cash availability and interest earnings on short- term investment of idle cash. 1. Preservation and Safety of Principal The primary objective of City investment activity is the preservation of principal in the overall portfolio. Each investment transaction shall be conducted in a manner designed to avoid principal losses, whether they are from securities defaults or erosion of market value. The manner in which the City ensures safety of principal is presented in Section 4.2, "Ensuring Safety of Principal." 2. Maintenance of Adequate Liquidity The City investment portfolio shall be structured such that the City is able to meet all obligations in a timely manner. Maintenance of adequate liquidity is described in Section 4.3, "Ensuring Liquidity." 3. Return on Investments Consistent with State law, the City shall seek to optimize return on investments within the constraints of safety and liquidity. Investments (excluding assets managed under separate investment programs, such as in arbitrage restrictive programs) shall be made in permitted obligations at yields equal to or greater than the bond equivalent yield on United States Treasury obligations of comparable maturity. Other appropriate performance measures will be established by the Investment Committee. Specific policies regarding investment rate of return are presented in Section 4.4, "Achieving Investment Return Objectives." For bond issues to which Federal yield or arbitrage restrictions apply, the primary objectives shall be to obtain satisfactory market yields and to minimize the costs associated with investment of such funds. City of University Parlq Texas - Investment Policy 4. Prudence and Ethical Standards The standard of prudence used by the City shall be the "prudent person rule" and shall be applied in the context of managing the overall portfolio within the applicable legal constraints. The prudent person rule is restated below: "Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence would exercise in the management of their own afl'airs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived." In determining whether the Investment Officer(s) or Investment Advisor under contract has exercised prudence with respect to an investment decision, the determination shall be made taking into consideration the investment of all funds over which the Officer/Advisor had responsibility rather than a consideration as to the prudence of a single investment, and whether the investment decision was consistent with the written Investment Policy of the City. The Investment Officers, acting in accordance with written procedures and exercising due diligence, shall not be held personally responsible for a specific security's credit risk or market price changes, provided that these deviations are reported immediately. Specific policies describing the City's prudence and ethical standards are found in Section 4.5, "Responsibility and Controls." SECTION 3 INVESTMENT STRATEGY STATEMENT City of University Parlq Texas - Investment Policy 3. INVESTMENT STRATEGY STATEMENT The City maintains portfolios that utilize four specific investment strategy considerations designed to address the unique characteristics of the fund groups represented in the portfolios. 1. The Operating Funds The investment strategy for operating funds has as its primary objective the assurance that anticipated cash flows are matched with adequate investment liquidity. The secondary objective is to create a portfolio structure which will experience minimal volatility during economic cycles. This may be accomplished by purchasing quality, short- to medium-term securities. The dollar weighted average maturity shall be calculated in accordance with GASB requirements. The weighted average maturity of operating funds shall not exceed 548 days. Securities may not be purchased that have a final stated maturity date that exceeds five (5) years. 2. The Bond Debt Service Funds The investment strategy for bond debt service fund(s) has as its primary objective the assurance of investment liquidity adequate to cover the debt service obligation on the required payment date. Securities purchased shall not have a stated final maturity date that exceeds the next unfunded bond debt service payment date. 3. Bond Reserve Funds The investment strategy for bond reserve fund(s) has as its primary objective the ability to generate a dependable revenue stream to the appropriate debt service fund from securities with a low degree of volatility. Securities should be of high quality and, except as may be required by the Bond Ordinance specific to an individual issue, of short-to- intermediate-term maturities. The stated final maturity dates of securities held shall not exceed five (5) years. City of University Parlq Texas - Investment Policy 4. Capital Projects Funds The investment strategy for capital projects funds portfolios has as its primary objective the assurance that anticipated cash flows are matched with adequate investment liquidity. These portfolios should include at least 10% in highly liquid securities to allow for flexibility and unanticipated project outlays. The stated final maturity dates of securities held should not exceed the estimated project completion date. To maximize the effective investment of assets, all funds needed for general obligations may be pooled into one account for investment purposes. The income derived from this account will be distributed to the various funds based on their average balances on a periodic basis. Proceeds of bond issues shall not be pooled with other assets of the City, but shall be maintained in the fund issuing the bonds with interest earnings on these invested proceeds recorded directly to that fund. SECTION 4 SPECIFIC INVESTMENT POLICIES City of University Parlq Texas - Investment Policy 4. SPECIFIC INVESTMENT POLICIES 1. Eligible Investments Investments described below are those authorized by the Public Funds Investment Act (Chapter 2256, Texas Government Code), as amended, which is included and made a part of this Policy as Appendix A. The following list may not contain all of those securities that are authorized by state statutes, but only those that the City Council wishes to include in their portfolios. The purchase of specific issues may at times be further restricted or prohibited because of current market conditions. City funds governed by this Policy may be invested in: 1. obligations of the United States or its agencies and instrumentalities; 2. direct obligations of the State of Texas or its agencies; other obligations, the principal and interest on which are unconditionally guaranteed or insured by the State of Texas or the United States or its agencies and instrumentalities. obligations of states, agencies, counties, cities and other political subdivisions of any state having been rated as to investment quality by a nationally recognized investment rating finn and having received a rating of not less than A or its equivalent. fully collateralized direct repurchase agreements having a defined tennination date, secured by obligations described by subdivision 1 of this subsection, pledged to the City, held in the City's name and deposited at the time the investment is made with the City with a third party selected and approved by the City, and placed through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in Texas, and having a market value (including accrued interest) of no less than the principal amount of the funds disbursed; 6. certificates of deposit issued by state and national banks domiciled in Texas that are: guaranteed or insured by the Federal Deposit Insurance Corporation, or its successor; or, secured by obligations that are described by 1 - 4 above, which are intended to include all direct federal agency or instrumentality issues that have a market value of not less than the principal amount of the certificates or in any other manner and amount provided by law for deposits of the City. City of University Parlq Texas - Investment Policy 7. share certificates issued by state and federal credit unions domiciled in Texas that are: guaranteed or insured by the National Credit Union Share Insurance Fund, or its successor; or, secured by obligations that are described by 1 - 4 above, which are intended to include all direct federal agency or instrumentality issues that have a market value of not less than the principal amount of the certificates or in any other manner and amount provided by law for deposits of the City. SEC-regulated, no-load money market mutual funds with a dollar- weighted average stated portfolio maturity of 90 days or less and whose investment objectives include seeking to maintain a stable net asset value of $1 per share. No more than 15% of the City's average fund balance may be invested in money market mutual funds, and the City may not invest funds under its control in an amount that exceeds 10% of the total assets of any individual money market mutual fund. Local government investment pools organized in accordance with the Interlocal Cooperation Act (Chapter 791, Texas Government Act) as amended, whose assets consist exclusively of the obligations that are allowed as a direct investment for funds subject to the Public Funds Investment Act (Chapter 2256, Texas Government Code). A public funds investment pool must be continuously rated no lower than AAA, AAA-m or at an equivalent rating by at least one nationally recognized rating service. Eligible investment pools must be authorized by the City Council, by rule, order, ordinance, or resolution, as appropriate. The City Council has approved the Texas Local Government Investment Pool ("TexPool"), administered by the Texas State Comptroller; the Local Government Investment Cooperative ("LOGIC"), administered by Southwest Securities Group, Inc; and the Lone Star Investment Pool ("Lone Star"), administered by the Texas Association of School Boards. Investments in collateralized mortgage obligations are strictly prohibited. These securities are also disallowed for collateral positions. The City will not be required to liquidate investments that were authorized investments at the time of purchase. 2. Ensuring Safety of Principal City of University Parlq Texas - Investment Policy Ensuring safety is accomplished through protection of principal and safekeeping. 1. Protection of Principal The City shall seek to control the risk of loss due to the failure of a security issuer or guarantor. Such risk shall be controlled by: 1. investing only in the safest types of securities as defined in the Policy, 2. qualifying the broker/dealer and financial institution with whom the City will transact, 3. collateralization as required by law, 4. portfolio diversification, and 5. limiting maturity. Settlement of all investment transactions, except those transactions involving investments in mutual funds or local government investment pools, must be made on a delivery versus payment basis. The purchase of individual securities shall be executed "delivery versus payment" (DVP) through the Federal Reserve System delivered to an authorized safekeeping agent or "Trustee." By so doing, City funds are not released until the City has received, through the Federal Reserve wire, the securities purchased. The security shall be held in the name of the City by the Trustee. The Trustee's records shall assure the notation of the City ownership of or explicit claim on the securities. The original copy of the safekeeping receipts shall be delivered to the City within twenty-four (24) hours of the security's receipt by the Trustee. 1. Approved Broker/Dealers/Financial Institutions and Depositories Investments shall only be made with those firms and institutions who have acknowledged receipt and understanding of the City's Investment Policy. The "qualified representative" of the business as defined in Chapter 2256 of the Texas Government Code shall execute a written certification to acknowledge receipt of the City's Investment Policy and to acknowledge that the organization has implemented reasonable procedures and controls to preclude imprudent investment activities arising out of the investment transactions conducted between the entity and the City. Should the City contract with an external investment advisor to execute the investment strategy, including the negotiation and execution of investment transactions, a managing officer of the investment advisory firm may sign the written certification in lieu of the broker/dealer firms. This certification must be included as part of the investment advisory contract. City of University Parlq Texas - Investment Policy Securities and certificates of deposit shall only be purchased from those institutions included on the City's list of broker/dealers and financial institutions as approved by the Investment Committee. All securities dealers shall provide the City with references from other public entities that they are currently serving. This list of approved investment providers must be reviewed at least annually by the City's Investment Committee and shall be recorded in the Committee's meeting minutes. The City's Finance Advisory Committee shall comprise the Investment Committee. All state and national banks located in the State of Texas, which are insured by the Federal Deposit Insurance Corporation (FDIC) are to be considered as eligible depositories. The financial condition of the bank shall be considered prior to establishing any accounts with that bank. The Finance Advisory Committee shall review the bids submitted by depository candidates and make a recommendation to the City Council for final approval. 2. Master Repurchase Agreement It is the policy of the City to require each issuer of repurchase agreements to sign a copy of the City's Master Repurchase Agreement. An executed copy of this agreement must be on file before the City will enter into any repurchase agreement with an issuer. (See Appendix B, "Master Repurchase Agreement".) 3. Collateralization Consistent with the requirements of State law, the City requires all bank deposits (including time deposits) to be federally insured or collateralized with eligible securities. Financial institutions serving as City Depositories will be required to sign an Agreement with the City and its safekeeping agent for the collateral, perfecting the City's rights to the collateral in case of default, bankruptcy or closure. The City shall not accept, as depository collateral, any security that is not specifically allowed to be held as a direct investment by the City portfolio (see 4.1). Repurchase agreements must also be collateralized in accordance with State law. Each issuer of repurchase agreements is required to sign a copy of the City's Master Repurchase Agreement. An executed copy of this agreement must be on file before the City will enter into any repurchase agreements with an issuer. (See Appendix B, "Master Repurchase Agreement".) The City considers repurchase agreements to be simultaneous purchases and sales of securities as outlined in the Master Repurchase Agreement and not as collateralized City of University Parlq Texas - Investment Policy loans. However, the underlying securities may be referred to as "collateral." Evidence of the pledged collateral shall be maintained by the Finance Director or a third party financial institution. All collateral shall be subject to inspection and audit by the Finance Director or the City independent auditors. (1) Allowable Collateral 1. Certificates of Deposit Eligible securities for collateralization of certificates of deposit are U.S. Treasury obligations and government agency securities. The eligibility of specific issues may at times be restricted or prohibited because of current market conditions. 2. Repurchase Agreements Collateral underlying repurchase agreements is limited to U.S. government and agency obligations, which are eligible for wire transfer (i.e. book entry) to the City's designated safekeeping agent through the Federal Reserve System. (2) Collateral Levels Collateral is valued at current market plus interest accrued through the date of valuation. 1. Certificates of Deposit The market value of collateral pledged for certificates of deposit must at all times be equal to or greater than 102% of the par value of the certificate of deposit plus accrued interest, less the amount insured by the FDIC or its successors. Investment in eligible pooled Certificate of Deposit programs is authorized under this section. 2. Repurchase Agreements The market value of collateral required to be pledged for repurchase agreements shall be a percentage of the par value of the agreement plus accrued interest and shall be maintained at the following levels: l0 City of University Parlq Texas - Investment Policy Collateral U.S. Treasury U.S. Government Maturity Securities A~enc¥ 1 year or less 102 % 102 % 1 year to 5 years 102 % 103 % Over 5 years 103 % 104 % (3) Monitoring Collateral Adequacy 1. Certificates of Deposit The City requires monthly reports with market values of pledged securities from all financial institutions with which the City has certificates of deposit. The City's Investment Officer will at least weekly monitor the adequacy of collateral. 2. Repurchase Agreements Weekly monitoring by the City's Investment Officer of all collateral underlying repurchase agreements is required. More frequent monitoring may be necessary during periods of market volatility. (4) Margin Calls 1. Certificates of Deposit If the collateral pledged for a certificate of deposit falls below the 102% of the deposit, plus accrued interest less FDIC insurance, the institution will be notified by the City and will be required to pledge additional securities no later than the end of the next succeeding business day. 2. Repurchase Agreements If the value of the collateral underlying a repurchase agreement falls below the margin maintenance levels specified above, the City will make a margin call unless the repurchase agreement is scheduled to mature within five business days and the amount is deemed to be immaterial. (5) Collateral Substitution City of University Park, Texas - Investment Policy Collateralized investments and certificates of deposit often require substitution of collateral. Any broker or financial institution requesting substitution must contact the Investment Officer(s) for approval and settlement. The substituted collateral's value will be calculated and substitution approved if its value is equal to or greater than the required value (See 4.2.1.3.2.2). The Investment Officer or must give immediate notification of the decision to the bank or the safekeeping agent holding the collateral. Substitution is allowable for all transactions, but should be limited, if possible, to minimize potential administrative problems and transfer expense. The Investment Officer may limit substitution and assess appropriate fees if substitution becomes excessive or abusive. Collateral may be substituted only with the oral authorization of the Investment Officer, followed by written confirmations within 24 hours. (6) Collateral Reductions Should the collateral's market value exceed the required amount, any broker or financial institution may request approval from the Investment Officer to reduce collateral. Collateral reductions may be permitted only if the City's records indicate that the collateral's market value exceeds the required amount. Written confirmations of the collateral reduction should be received within 24 hours of the Investment Officer's approval. 4. Portfolio Diversification Risk of principal loss in the portfolio as a whole shall be minimized by diversifying investment types according to the following limitations. 12 City of University Parlq Texas - Investment Policy As discussed below, these limitations do not apply to bond proceeds. Investment Type: % of Portfolio · U.S. Treasury Notes/Bonds/Bills 100% · U.S. Agencies 60% · Local Government Investment Pools 50% · Repurchase Agreements 30% · Certificates of Deposit 30% · Money Market Mutual Funds 15% It is the policy of the City to diversify its investment portfolio so that reliance on any one issuer or broker will not place an undue financial burden on the City. Generally, the City should limit its repurchase agreement exposure with a single finn to no more than 15% of the value of the City's overall portfolio. To allow efficient and effective placement of proceeds from any bond sales, these limits may be exceeded for a maximum of five business days following the receipt of bond proceeds. (1) Bond Proceeds Proceeds of a single bond issue may be invested in a single security or investment if the Investment Committee determines that such an investment is necessary to comply with Federal arbitrage restrictions or to facilitate arbitrage record keeping and calculation. 5. Limiting Maturity In order to minimize risk of loss due to interest rate fluctuations, investment maturities will not exceed the anticipated cash flow requirements of the funds. Maturity guidelines by funds are as follows: (1) Operating Funds The dollar weighted average days to final stated maturity shall be 548 days or less. The Investment Officer will monitor the maturity level and make changes as appropriate. (2) Bond Proceeds, Bond Reserves, Debt Service Funds The investment maturity of bond proceeds (including reserves and debt service funds) shall be determined considering: 1. the anticipated cash flow requirements of the funds, and; City of University Parlq Texas - Investment Policy the "temporary period" as defined by Federal tax law during which time bond proceeds may be invested at an unrestricted yield. After the expiration of the temporary period, bond proceeds subject to yield restriction shall be invested considering the anticipated cash flow requirements of the funds. 3. Safekeeping 1. Safekeeping Agreement The City shall contract with a bank or banks for the safekeeping of securities either owned by the City as a part of its investment portfolio or held as collateral to secure certificates of deposits or repurchase agreements. The Safekeeping Agreement shall clearly define the procedural steps for gaining access to the collateral should the City determine that the City funds are in jeopardy. The safekeeping institution, or Trustee, shall hold all aforementioned securities in an account at the Federal Reserve Bank that specifies City ownership of the account. The Safekeeping Agreement shall include the signatures of authorized representatives of the City, the firm pledging the collateral and the Trustee. 2. Safekeeping of Certificate of Deposit Collateral All collateral securing certificates of deposit must be held by a third party banking institution approved by the City, or collateral may be held at the Federal Reserve Bank. The City's ownership in collateral positions must be fully perfected. 3. Safekeeping of Repurchase Agreement Collateral The securities that serve as collateral for repurchase agreements with dealers must be delivered to a third-party custodian with which the City has established a third-party safekeeping agreement. The City's ownership of all securities that serve as collateral for repurchase agreements must be fully perfected. 3. Ensuring Liquidity Liquidity shall be achieved by matching investment maturities with forecasted cash flow requirements, by investing in securities with active secondary markets, and by investing in eligible money market mutual funds (MMMF's) and local government investment pools (LGIP's). 14 City of University Parlq Texas - Investment Policy o A security may be liquidated to meet unanticipated cash requirements, to re- deploy cash into other investments expected to outperform current holdings, or to otherwise adjust the portfolio. Achieving Investment Return Objectives Investment selection for all funds shall be based on legality, appropriateness, liquidity, and risk/return considerations. The portfolios may be actively managed to enhance overall interest income. Active management will take place within the context of the "Prudent Person Rule." (see Section 2.4). 1. Securities Swaps The City may take advantage of security swap opportunities to improve portfolio yield. A swap which improves portfolio yield may be selected even if the transaction results in an accounting loss. 2. Competitive Bidding It is the policy of the City to require competitive bidding for all individual security purchases except for those transactions with money market mutual funds (MMMFs) and local government investment pools (LGIP's) which are deemed to be made at prevailing market rates, and for government securities purchased at issue through a primary dealer at auction price. Rather than relying solely on yield, investment in MMMFs and LGIP's shall be based on criteria determined by the Investment Committee, including adherence to Securities and Exchange Commission (SEC) guidelines for MMMFs when appropriate. At least three bidders must be contacted in all transactions involving individual securities. Competitive bidding for security swaps is also required. Bids may be solicited in any manner provided by law. For those situations where it may be impractical or unreasonable to receive three bids for a transaction due to a rapidly changing market environment or to secondary market availability, documentation of a competitive market survey of comparable securities or an explanation of the specific circumstance must be included with the transaction bid sheet. All bids received must be documented and filed for auditing purposes. 3. Methods of Monitoring Market Price The methods/sources to be used to monitor the price of investments that have been acquired with public funds shall be from sources deemed reliable by the Investment Officer, including primary or regional broker/dealers, established financial institutions providing portfolio management/accounting services, financial publications, such as the I/all City of University Parlq Texas - Investment Policy Street Journal, market information vendors such as Bloomberg or Telerate and market pricing services. 4. Benclunark Rate of Return As a general guideline, the City's cash management portfolio shall be designed with the objective of regularly meeting the average return on three-month U.S. Treasury Bills, or the average rate of 90-day Certificates of Deposit. These indices are considered benchmarks for risk-free investment transactions and therefore comprise a standard for the portfolio's rate of return. Additional benchmarks may be developed and recommended by the Investment Committee and used as a comparative performance measures for the portfolio. Additional benchmarks that may be considered for targeting by the Investment Committee include the Constant Maturity Treasury Bill with the maturity that most closely matches the weighted average maturity of the portfolio or a more customized index made up of blended Merrill Lynch Treasury/Agency indices. The investment program shall seek to augment rates of return above this threshold, consistent with legal restrictions and prudent investment principles. In a diversified portfolio, measured losses are inevitable and must be considered within the context of the overall portfolio. 5. Responsibility and Control 1. Authority to Invest Authority to manage the City investment program is derived from a resolution of the City. Those authorized by said resolution are designated as Investment Officers of the City, and, in conjunction with the Investment Committee, are responsible for investment decisions and activities. The City reserves the right to contract with an external investment advisory firm to manage the investment assets, and the resulting resolution will grant investment authorization to the contracted firm. The Finance Director shall establish written procedures for the operation of the investment program consistent with this Investment Policy. 2. Bonding requirements/Standard of care Each of the authorized investment officers shall be a bonded employee. All participants in the investment process shall act responsibly as custodians of the public trust and shall exercise the judgment and care, under prevailing circumstances, that a prudent person would exercise in the management of the person's own aflhirs. City of University Parlq Texas - Investment Policy 3. Establishment of Internal Controls The Finance Director is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the entity are protected from loss, theft or misuse. The internal control structure shall be designed to provide reasonable assurance that the objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. 4. Standard of Ethics City staff involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair the ability to make impartial investment decisions. City staff shall disclose to the City any material interests in financial institutions that conduct business with the City, and they shall further disclose positions that could be related to the performance of the City portfolio. City staff shall subordinate their personal financial transactions to those of the City, particularly with regard to the timing of purchases and sales. An investment officer of the City who has a personal business relationship with an organization seeking to sell an investment to the City shall file a statement disclosing that personal business interest. An investment officer who is related within the second degree by affinity or consanguinity to an individual seeking to sell an investment to the City shall file a statement disclosing that relationship. A statement required under this subsection must be filed with the Texas Ethics Commission and the governing body of the City. 5. Training and Education In accordance with the Public Funds Investment Act (Chapter 2256, Texas Government Code), the designated Investment Officers, or those personnel authorized to execute investment transactions, must attend periodic investment training. State law requires that training relating to investment responsibilities must be provided by an independent source as approved by the Investment Committee. Personnel authorized to execute or approve investment transactions must receive at least 10 hours of investment training within each two-year period. Newly appointed investment officers must attain at least 10 hours of instruction relating to the officer's responsibility under the Act within 12 months after assuming investment duties. City of University Parlq Texas - Investment Policy 6. Investment Committee An Investment Committee that is comprised of the membership of the Finance Advisory Committee shall be established to determine investment guidelines, general strategies, and monitor performance. The Committee shall meet quarterly to review performance, strategy and procedures. The Investment Committee shall include in its deliberation such topics as: performance reports, economic outlook, portfolio diversification, maturity structure, potential risk to the City funds, authorized brokers and dealers, and the target rate of return on the investment portfolio. 6. Reporting Investment performance is continually monitored and evaluated by the Finance Director. The Investment Officer(s) will provide detailed reports, as required by the Public Funds Investment Act (Chapter 2256, Texas Government Code, Section 2256.023) for the City on a quarterly basis. The Finance Director shall submit a quarterly investment report signed by the investment officers that summarizes current market conditions, economic developments and anticipated investment conditions. The report shall summarize investment strategies employed in the most recent quarter, and describe the portfolio in terms of investment securities, maturities, risk characteristics and shall explain the total investment return for the quarter. The report will outline conformance to the restrictions of the Policy in the area of diversification and term of maturity. The report will also compare the performance of City's portfolio to appropriate benchmarks as determined by the Investment Committee. The report shall summarize current market conditions, economic developments and anticipated investment conditions. The report shall also summarize investment strategies employed in the most recent quarter, and describe the portfolio in terms of investment securities, maturities and risk characteristics. Within 60 days of the end of the fiscal year, the Finance Director or the Investment Advisory firm shall present an annual report on the investment program and investment activity. The report may be presented as a component of the fourth quarter report to the City. The quarterly investment report shall include a succinct management summary that provides a clear picture of the status of the current investment portfolio and transactions made over the last quarter. This management summary will be prepared in a manner which will allow the City to ascertain whether investment activities during the reporting period have conformed to the Investment Policy. The report will include the following: City of University Parlq Texas - Investment Policy o go 1. A listing of individual securities held at the end of the reporting period. 2. Unrealized gains or losses resulting from appreciation or depreciation by listing the beginning and ending book and market value of securities for the period. 3. Additions and changes to the market value during the period. 4. Average weighted yield to maturity or total return performance of the portfolio on entity investments as compared to applicable benchmarks. 5. Listing of investments by maturity date. 6. The percentage of the total portfolio which each type of investment represents. 7. Statement of compliance of the City investment portfolio with State Law and the investment strategy and policy approved by the City. Compliance Audit In conjunction with its annual financial audit, the City shall perform a compliance audit of management controls on investments and adherence to the City's established Investment Policies. The results of the audit shall be reported to the Investment Committee and the governing body of the City. Certification A copy of this Investment Policy will be provided to the senior management of any bank, dealer, broker or investment advisor wishing to transact investment business directly with the City in order that it is apprised of the investment goals of the City. Before business is transacted with the firm, a certification (Appendix C) must be signed by a senior member of a firm. Should the City contract with an external investment advisor to execute the entity's investment strategy, including the negotiation and execution of investment transactions, a managing officer of the investment advisory firm may sign the written certification in lieu of the broker/dealer firms. This certification must be included as part of the investment advisory contract. SECTION 5 ADOPTING CLAUSE City of University Parlq Texas - Investment Policy 5. ADOPTING CLAUSE This Investment Policy for the City of University Park, Texas is hereby adopted as of the 20th day of August, 2003. Mayor Director of Finance ATTEST: City Secretary 48 DATE: TO: FROM: SUBJECT: AGENDA MEMO (8/20/03 AGENDA) August 13, 2003 Honorable Mayor and City Council Christine Green, Purchasing Agent Office Supplies Contract through U.S. Communities In January of this year, the City Council approved the City's membership in the U.S. Communities Government Purchasing Alliance, a non-profit purchasing cooperative for public agencies. U.S. Communities off'ers an annual contract for office supplies through Office Depot. This contract was competitively bid in May 2000 by Los Angeles County, California, and is effective through March 2004 with the likelihood of extensions through March 2006. Corporate Express is the City's current office supply vendor. At my request, Corporate Express provided a list of all items the City has purchased in the last 12 months along with the price we paid for each item. I gave this list to Office Depot and asked them to provide a price for each item as per their U.S. Communities contract. For the 838 items priced, the City's total with Corporate Express was $37,151.41. Office Depot's total for the same items was $26,444.35, a savings of 28%. Attached is a spreadsheet comparing prices for each item. In recent years, Office Depot has expanded and improved its service to commercial customers beyond its retail stores. They have an extensive local inventory and will deliver orders the next day. Office Depot will also extend their U.S. Communities' pricing to purchases made at their retail stores. I believe Office Depot's service and product selection will meet or exceed that of Corporate Express. Thirty-six local governmental agencies are currently participating in the U.S. Communities' contract with Office Depot. These include the cities of Dallas, Richardson, and Plano, as well as Dallas and Collin Counties. A complete list of these agencies is attached. I believe this contract will provide the City with the lowest possible pricing with no sacrifice in service or selection. RECOMMENDATION: Staff recommends participation in the U.S. Communities office supply contract with Office Depot. 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 LIST OF AREA ENTITIES PARTICIPATING IN U.S. COMMUNITIES/OFFICE DEPOT OFFICE SUPPLY CONTRACT AS OF AUGUST 2003 City of Dallas Dallas County Collin County Denton County City of Frisco City of McKinney City of Allen City of Plano City of Richardson Johnson County Navarro County Parker County City of Flower Mound City of Lewisville City of Desoto City of Duncanville City of Mesquite City of Grand Prairie City of Euless City of Bedford City of North Richland Hills City of Keller City of Balch Springs City of Bowie Brazos River Authority Ellis County Dallas Housing Authority Dallas Central Appraisal District Ector County City of Lancaster City of Midlothian Town of Prosper City of Rowlett Rockwall County Town of Sunnyvale N.C.T.C.O.G. PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PURCHASES ss LN NO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 29 3O 31 32 33 34 35 36 37 38 39 4O 41 42 43 44 45 46 47 48 49 5O 51 52 53 54 55 56 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description PRINT CTRG,F/1600C,BK, EA PRINT CTRG,DJ970,TRICLR PPR CLIP,SMTH,JMBO,1C PPR CLIP,GEM,#1,1C CLEANER,OFFDUSTR 3,10OZ NTBK, STENO,GN,60SH PAD,LGL RL,PERF,LTR,WE PRINT CTRG,INKJT 690C,BK CORR FILM,DRYLINE,NRF,1LN PEN,BLPT,COMFTMATE,MED,BK FLDR,MLA, 1/3,LTR,1C BOO K,AP PT, MO, 11 "X9", BK BNDR CLIP,MED PPR,1 PT, 18#, 14.8X11 ,BB STAPLE,STD,CHSL,5M/BX E NVL,CS P,28#,9X12, KFT, 1C TONER CTRG,LASRJT 5SI LEAD,SPR HIPLYMR,7MM,30TB CAL,RFL,DESK, 12MO,3.5X6 CAL,WAL L, 12MO, 12"X17" FLAG ,TAPE, POSTIT, B B E,50 BOO K,AP PT,G RP, 11 "XS", BK ENVL,POLY,VELCRO,GN ENVL, PO LY,VE LC RO, PE BNDR CLIP,3/8",SM PEN,ROLR,GEL,IM PACT,BK PEN RFL,UNIGEL,MED,BK FILE,STG,ECON,LTR/LGL PAD,POSTIT,3X3,AQ,5PK E NVL,CS P,28#, 10X13, KFT, 1C CAL,WALL, 12 M O,20"X30" PPR,CPY,20#,LTR,CY STAPLE REMOVER,CLAW STYLE CAL,WALL, 12 M O/PG, 15.5"X23 PAD, POSTIT,3X3, UAST,5 P K PROT,SHT,TL,LTR,CL,50 CAL, DESK/WALL, 12 M O,22X17 CORR TAPE,WITEOUT CTRG PRINT CTRG,HP660C,TRICLR GLUE,ROLL-N-GLUE ENVL, PO LY,VE LC RO, BE ENVL, PO LY,VE LC RO, PK PEN,U NIBALL,VIS,ELTE,BK FILE,STG,END TAB,LTR/LGL CORR FLUID,.6OZ,WE PEN RFL,ROLR,IMPACT,BK FILE,STG,ECON,LTR PEN,BLPT,AST,GX300,M ED,BK PEN,ROLR,JIMNIE,GEL,BK PAD, POSTIT,3X3,YW PEN,BLPT,FLXGRP,RET,MD,BK C MAT,36"X48",ANTSTAT, NC PPR CLIP,#1 ,VYL,AST,5C PUSH PIN,PLAS,CL,1C TAPE DSPR,DESK, I"CORE,BK RI BN, FAX,TH RM L, KXF 1100 Order Ship Item ID Freq Qty CEX UM HEW51645A 23 74 EA HEWC6578DN 15 34 EA EXP40021 12 76 BX EXP40020 10 81 BX RRTRR3507 9 38 EA EXP20000 9 135 EA EXP11428 8 12 DZ HEW51629A 7 24 EA PAP06604 7 41 EA PAP63301 7 267 EA SMD153L 6 12 BX AAG7026005 6 18 EA EXP90001 6 21 DZ EXP00048 6 26 2500CT EXP40022 6 45 BX QUA37890 5 5 BX HEWC3909A 5 8 EA PENC27HB 5 8 TB AAGE71750 5 9 EA AAGPM228 5 9 EA MMM68023 5 13 EA AAGG56000 5 16 EA LIO22080GR 5 20 EA LIO22080PU 5 22 EA EXP90000 5 27 DZ SAN65800 5 38 EA SAN65423 5 64 EA EXP30002 5 78 EA MMM6545AQ 4 4 PK QUA37897 4 4 BX AAGPM428 4 5 EA EXP8511CAN 4 5 RM EXP90020 4 5 EA AAGPM628 4 6 EA MMM6545UC 4 6 PK CLI62037 4 7 BX AAGSK2400 4 9 EA BICWOTAPP 11W 4 14 EA HEW51649A 4 14 EA PENER101 4 14 EA LIO22080BL 4 16 EA LIO22080PK 4 18 EA SAN61231 4 24 EA FEL00709 4 33 EA PAP56401 4 38 EA SAN65803 4 40 EA FEL00701 4 44 EA PIL34115 4 45 EA ZEB44110 4 51 EA MMM654YW 4 58 PD EXP50020 4 96 EA TEN14401 3 0 EA EXP90003 3 3 BX GEMCP20 3 3 BX MMMC38BK 3 3 EA PAN KXFA133 3 3 EA CEX SELL CEX EXTD. PRICE $32.90 $36.60 $4.34 $0.66 $7.41 $32.90 $2.31 $0.53 $52.02 S0:421 $5.41 $190.53 $1.33 $1.35 $1.79 $0.97 $1.11 $7.66 $3.99 $5.41 $4.95 I $1:49I $2.62 $33.81 $1.53 $1 .O7 $1.31 $2.73 $5.23 $O.98 I S4:241 $3.99 $1.27 $0.67 $0.90 $0.00 $2.37 $2.37 $42.24 SELL PRICE SAVINGS% SAVINGS$ $2,434.60 26.87% $654.16 $1,244.48 17.74% $220.74 $21.28 -42.86% -$9.12 $7.34 -54.50% -$4.00 $164.84 14.71% $24.24 $89.43 26.03% $23.28 $88.92 24.43% $21.72 $789.60 26.87% $212.16 $94.84 21.32% $20.22 $141.51 7.55% $10.68 $45.24 -31.03% -$14.04 $113.96 -18.62% -$21.22 $9.90 -56.97% -$5.64 $1,352.48 51.67% $698.84 $18.90 -45.24% -$8.55 $27.07 13.56% $3.67 $1,524.24 29.63% $451.68 $12.25 -7.76% -$0.95 $6.78 -36.73% -$2.49 $39.06 -5.53% -$2.16 $13.85 -34.22% -$4.74 $266.09 -1.80% -$4.79 $26.68 52.02% $13.88 $29.70 52.59% $15.62 $5.74 -64.63% -$3.71 $68.02 20.67% $14.06 $62.08 46.39% $28.80 $86.46 35.95% $31.08 $30.64 45.43% $13.92 $24.00 -23.50% -$5.64 $42.36 -30.43% -$12.89 $19.94 16.50% $3.29 $0.85 -129.41% -$1.10 $38.28 -1.57% -$0.60 $32.46 22.74% $7.38 $34.65 32.53% $11.27 $13.40 -40.37% -$5.41 $36.70 37.44% $13.74 $473.34 26.83% $126.98 $21.42 46.41% $9.94 $17.12 40.19% $6.88 $23.66 51.31% $12.14 $65.52 47.62% $31.20 $172.59 60.99% $105.27 $28.72 -3.20% -$0.92 $39.20 16.33% $6.40 $186.56 -41.75% -$77.88 $179.55 45.11% $81.00 $65.01 31.75% $20.64 $38.86 8.96% $3.48 $86.40 60.00% $51.84 $0.00 0.00% $0.00 $7.11 20.25% $1.44 $7.11 78.90% $5.61 $4.08 -47.79% -$1.95 $126.71 22.01% $27.89 OFFICE DEPOT OFFICE DEPOT EXTD SELL SELL PRICE PRICE (CEX UM) (CEX UM) $1,780.441 $24;o61 $1,023.74I' ' $30'11 $30.40 $0.40 $11.34 $0.14 $59.28 $4.94 $135.18 $7.51 $15.54 $0.74 OD UM EA EA BX BX EA EA DZ EA EA EA BX EA BX $653.641 $2s;~41 2500CA $27.45 $0.61 $1,072.561 $134;07I $13.20 $1.65 $9.27 $1.03 $41.22 $4.58 $18.59 $1.43 $270.88 $16.93 $12.soI $0;64I $9.45 $0.35 $29.64 $7.41 $55.25 $11.05 $1.95 $0.39 $38.88 $6.48 $18.81 $2.09 $29.64 $0.78 $264.44 $6.01 $0.00 $0.00 $6.03 $2.01 $98.82 I$,~!,~1 BX BX EA EA EA EA 2PK * EA 3PK * 3PK * BX DZ * EA EA 5PK BX EA RM 3PK * EA 5PK BX EA EA EA EA 3PK * 3PK * EA EA EA 2PK * EA EA EA DZ * EA EA BX BX EA EA SELL PRICE (OD UM UM WHERE DIFF DIFF) $2.85 $1.92 $1.92 $17.08 $1.160 $1.92 $1.92 $1.64 $7,27 Page 1 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES SS LN NO 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 8O 81 82 83 84 85 86 87 88 89 9O 91 92 93 94 95 96 97 98 99 lO0 101 102 103 104 105 106 107 108 109 110 111 112 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description E NVL,CS P,32#,9X12, KFT, 1C CAL,WALL, 12MO,15.5"X23" RACK, STE P,SS EC,WI RE, BK PAD, POSTIT, 1.5X2, U LT,AST PAD, POSTIT,3X5, UAST,5 P K CALC,HVY DTY,2CLR,12DGT CAL,WALL,YR,24"X36" GLUE PEN,RFL,4PK FLAG ,TAPE, POSTIT,YW,50 BNDR CLIP,AST,30EA/TUB ARCH BOAR D,9"X15.5" HILITER,MJR ACNT,6ST PRINT CTRG,STY740,BK FLDR,INTR,1/3,LTR,1C P P R,C PY,20#,84 B, LTR,3 H P PRINT CTRG,F/DJ970,TRI-C PAD,POSTIT,3X5,AQ,5PK CAL,RFL,DESK, 3.5"X6" PAD, POSTIT, 1.5X2,YW FLAG ,SIG N/R ETN, RD, 120 CASSETTE, M lC RO,60 M I N ,3PK FLAG,TAPE,SIGN HERE,YW,50 STAPLE REMOVER,BK PPR,1 PT,20#, 9.5X11 ,PRF PRINT CTRG,HP720C/890 H I LITER, M R KLITE R,YW/B K HILITER,DESK STYLE,YW PEN,BLPT,STK, MED,BK ENVL, PO LY,VE LC RO, BK IN DEX, BN DR,LTR,WE,STB TAPE,EM BS, 1/2",BK/WE,2PK CAL,DESK,WK, EXEC PLNR IN DEX, BN DR,LTR,AST,STB PEN,BLPT,RET,MED,BK CASE,BINDING,HGH,ARCH,3.1 HILITER,PEN STYLE,FYW PEN,ROLR,GEL,FN,BK FILE,STG,ECON,LGL INDEX,SD TAB,LTR,26-50 FILE PKT,LTR,2/5R,3.5" PEN RFL,UNIGEL,MED,BE PEN,BLPT,RET,CLCSTK, M D,BK PEN,BLPT,RET,SAGA, M ED,BK EASEL PAD,27×34,PLN,RCY SHREDDER,PRSNL,CRSCT CAL BASE,E717,S170,BK CAL,DESK PD,MO,22X17,GN CAL, R F L,WALL, F/K1-00 CAL,WALL,YR, ERS,2'X3' CAL,DESK, 12M,RFL,3.5X6 SH EARS,OFF, LE FTY,8" RUBRBAND,ADV,#19,1/4LB H I LITER, POSTIT,W/H LD R,SST REINFORCMNT,9/16,WE,2C MAGNIFIER,RND,2X,5" SCRAPER, BLADE, RAZOR,CE Order Ship Item ID Freq Qty CEX UM QUA37790 3 3 BX AAGPM328 3 4 EA FEL72614 3 4 EA MMM653AU 3 4 PK MMM6555UC 3 4 PK SHRELl197P 3 4 EA AAGPM1228 3 5 EA AVE00416 3 5 PK MMM6805 3 5 EA 01031026 3 5 EA 01083120 3 5 EA SAN25076 3 5 ST EPSS020189 3 6 EA ESS421013 3 6 BX EXP8511P 3 6 RM HEWC6578AN 3 6 EA MMM6555AQ 3 6 PK AAGE51750 3 7 EA MMM6539YW 3 7 PK BTE81344 3 8 PK MAX179030 3 8 PK MMM6809 3 8 EA SWl38101 3 8 EA EXP00180 3 9 2200CT HEWC1823D 3 9 EA PIL45600 3 9 EA AVE07742 3 10 EA EXP50010 3 12 DZ LIO22080BK 3 12 EA AVEWT2138 3 13 ST B RTTC20 3 14 P K AAGG26200 3 18 EA AVE23079 3 21 ST PIL32220 3 22 EA FEL47200 3 31 EA AVE23591 3 36 EA PIL31020 3 36 EA FEL00702 3 38 EA AVELGLTS2650 3 43 ST SMDR1370E 3 62 EA SAN65425 3 72 EA BICCSM 11BK 3 92 EA SAN79011 3 144 EA EXP20010 2 0 EA GBC1750300 2 1 EA AAGE1700 2 2 EA AAGGG250003 2 2 EA AAGK150 2 2 EA AAGPM21028 2 2 EA AAGSW571750 2 2 EA ACM10513 2 2 EA ALL26197 2 2 BG AVE48508 2 2 ST AVETD909 2 2 PK BAL813305 2 2 EA BOS28500 2 2 EA CEX SELL CEX EXTD. PRICE $12.66 $6.51 $7.5O $5.59 $6.88 $89.99 $5.21 $4.00 $4.32 $26.89 $13.32 $4.13 $66.73 $7.26 $3.86 $2.38 $4.12 $2.50 $2.09 $30.09 $36.56 $1.69 $0.55 $1.63 $1.22 $1.26 $19.89 $41.94 $1.80 $0.77 $11.32 $0.47 $1.59 $4.78 $5.4O $0.97 $0:261 $0.74 $0.00 $209.62 $8.51 $5.18 $6:391 $13.37 $14.88 $11.59 $0.69 $11.44 $1.00 $26.75 SELL PRICE SAVINGS% SAVINGS$ $37.98 46.60% $17.70 $26.04 0.46% $0.12 $30.00 34.93% $10.48 $22.37 22.40% $5.01 $27.53 22.27% $6.13 $359.96 51.14% $184.08 $26.05 6.33% $1.65 $12.37 -8.73% -$1.08 $5.37 -18.25% -$0.98 $19.98 29.18% $5.83 $21.60 42.13% $9.10 $10.45 -35.41% -$3.70 $161.32 19.92% $32.14 $79.92 8.33% $6.66 $24.75 28.24% $6.99 $400.38 19.41% $77.70 $43.54 26.27% $11.44 $26.99 32.31% $8.72 $16.67 41.21% $6.87 $32.93 36.35% $11.97 $20.00 25.60% $5.12 $9.52 -23.53% -$2.24 $16.72 8.13% $1.36 $270.84 42.98% $116.40 $329.04 26.12% $85.95 $15.21 44.97% $6.84 $5.50 40.00% $2.20 $19.56 45.40% $8.88 $14.60 47.40% $6.92 $16.38 30.16% $4.94 $278.44 0.50% $1.38 $754.98 46.00% $347.28 $37.80 38.33% $14.49 $16.94 36.36% $6.16 $350.92 36.75% $128.96 $16.92 29.79% $5.04 $57.24 31.45% $18.00 $181.64 38.49% $69.92 $232.20 8.33% $19.35 $93.62 -3.31% -$3.10 $69.84 38.14% $26.64 $23.92 -3.85% -$0.92 $106.56 63.51% $67.68 $0.00 0.00% $0.00 $209.62 24.23% $50.80 $17.02 33.61% $5.72 $10.36 59.65% $6.18 $12.77 -122.08% -$15.59 $26.74 25.65% $6.86 $29.76 33.53% $9.98 $23.18 85.07% $19.72 $1.38 14.49% $0.20 $22.88 31.12% $7.12 $2.00 32.00% $0.64 $53.49 73.30% $39.21 $5.74 -9.76% -$0.56 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $13.45 $2.69 $6.35 $1.27 $12.501 $2'50I $14.15 $2.83 $11.76 $1.47 $96.72 $1.56 $24.84 $0.27 $0.00 $8.77 $28.36 $14.18 $6.30 $3.15 OD UM BX EA EA PK PK EA EA 4PK 2PK EA EA ST EA BX 10RM CA EA PK EA PK EA 3PK 2PK EA 2500CA EA EA EA DZ 3PK ST 2PK EA ST DZ EA EA EA 12CT ST EA EA EA EA 2CT EA EA EA EA EA EA PR BG ST PK EA EA * $2.54 * $29.60 * $2.94 * $19.50 * $1.92 * $5.87 * $35.32 * $17.54 Page 2 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PURCHASES ss LN NO 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description TONER CTRG,CAN H116221 RACK, SO RTE R,CO M B, EY FLDR,FILE,1/3C,LTR,AST,30 RUBRBAND,#19,1/4LB RUBRBAND,#32,1/4LB LETTER OPENER,SERATD,8.5" SHEARS,BENT,8",SS TRAY,WI R E,3" D, LTR, BK SHREDDER BAG,F1256S,1656S STAPLER,ELEC,PY STAPLER,ELEC,RAPID R55 DISK, 3.5",DSHD,IBM FRMT DICTNARY,CO LLEG E, H RDBK FLAG ,TAPE, POSTIT, RD,50 POSTIT DSPR,FLAG RIBN,PTR,OKI ML390/391 ,BK PEN RFL,BLPT,RET,M ED,BK,2 HANGER,PARTITN,BK MRKR,SHARPIE,TWN TP,4ST PEN,BLPT,PHD,MED,CP STAPLER,GUN,SR CMAT,46"X60",NO LIP,CLT WAST E BS KT, R ECT,28QT, BK PAD,LGL RL,PRISM,5XS,IY CALC,SCIENCE,HNDHLD,10DGT CAL,WALL,ERS,2SD CAL,WALL,ERS,2SD BOO K,AP PT, M O,8.75"X7", BK BOOK,APPT, 12 MO,SX11 ,BK RULER,STAINLS STL, 12" SH EARS,BENT,8",SS,BE LBL, LAS R,AD D,2-5/SX1,3M MRKR,MRKSALOT,LG,BK PEN ,VELOCITY, R ET,AST,5 P K BLADE,RAZOR,SGL EDGE,10PK ORGNZ,SHLF,6X6,CL RIBN,PTR,PAN KX1090,BK PPR,CPY,20#,LTR,BE PPR,CPY,20#,LTR,GN SHEARS,STRT,FORGED,7" PRINT CTRG,DESKJT,BK TONER CTRG,LASRJT 3/4SI TONER CTRG,LASR,HP2100 TONER CTRG,HP4000,6M DICTNARY,THESRS,E×PD ED DISK, 3.5",DSH D,FRMT,NAST MOUSE,TRACKBALL,TU RBOBALL PAD, POSTIT,3X3,S N BRTE POSTIT,CUBE DSGNR,690SH ORGNZ,DRW, 16X9X1.7 LEAD,MECH PCL,.5MM,HB,30 ENVL,CAT,28#, 9X12, REDSTP PCL GRIP,FOAM,AST,2PK HILITER,LIQ ACNT,5ST MRKR,SHARPIE,TWN TIP,BK CLEANER,BOARD,8OZ Order Ship Item ID Freq Qty CEX UM CAN1551A002 2 2 EA ELD17371 2 2 EA ESS02086 2 2 30PK EXP00615 2 2 BG EXP00616 2 2 BG EXP90021 2 2 EA EXP91004 2 2 EA FEL60112 2 2 EA GBC1765001 2 2 100CT HUN73100 2 2 EA HUN73112 2 2 EA MAX556423 2 2 BX MER10 2 2 EA MMM6801 2 2 EA MMMDS420 2 2 EA OKI52104001 2 2 EA PIL77227 2 2 PK ROG13406 2 2 ST SAN32274 2 2 4ST SAN70122 2 2 EA sw~10105 2 2 EA TEN12113 2 2 EA TEN69176 2 2 EA TOP63030 2 2 DZ VCT9302 2 2 EA VIOA1102 2 2 EA WOA1152 2 2 EA AAGG40000 2 3 EA AAGG52000 2 3 EA ACM10415 2 3 EA ACM43218 2 3 EA AVE05160 2 3 BX AVE08888 2 3 EA BICVLGP51AST 2 3 PK BOS28510 2 3 PK ELD29891 2 3 EA EXP25200 2 3 EA EXP8511BLU 2 3 RM EXP8511GRE 2 3 RM EXP91001 2 3 EA HEW51640A 2 3 EA HEW92291A 2 3 EA HEWC4096A 2 3 EA HEWC4127A 2 3 EA HOUH03020 2 3 EA IMNl1916 2 3 BX KMW64227 2 3 EA MMM6545SB 2 3 PK MMM678HF 2 3 PD oic21312 2 3 EA PENC25HB 2 3 TB QUA44562 2 3 BX ROG14004 2 3 2PK SAN24555 2 3 ST SAN32001 2 3 EA SAN81803 2 3 EA CEX SELL CEX EXTD. PRICE $105.00 $32.76 $1.90 $1.95 $3.33 $33.88 $44.31 $38.96 $3.72 $27.95 $1:06I $14.23 $9.21 $0.78 $6.99 $5.O4 $7.29 $19.53 $138.15 $4.90 $10.00 $15.84 $21.95 $28.5O $4.95 $25.46 $0.46 $6.26 $2.57 $6.17 $2i921 $4.04 $4.04 $3.45 $20i61 I $130.77 $109.37 $108.46 $21.00 $5.12 $63.44 $5.98 $11.20 $1.66 $O.87 $14.67 $O.89 $5.52 $1.69 $1.96 SELL PRICE SAVINGS% SAVINGS$ $210.00 33.45% $70.24 $65.52 59.58% $39.04 $12.82 -50.08% -$6.42 $1.18 0.00% $0.00 $1.18 0.00% $0.00 $3.80 5.26% $0.20 $3.90 11.28% $0.44 $6.66 35.44% $2.36 $67.75 60.21% $40.79 $88.61 25.58% $22.67 $77.92 49.72% $38.74 $7.44 26.08% $1.94 $55.90 52.77% $29.50 $2.12 -19.81% -$0.42 $28.46 55.94% $15.92 $18.42 14.12% $2.60 $1.56 7.69% $0.12 $13.98 29.33% $4.10 $10.08 7.94% $0.80 $14.58 37.04% $5.40 $39.06 26.98% $10.54 $276.30 65.31% $180.46 $9.79 56.49% $5.53 $20.00 35.10% $7.02 $31.68 48.11% $15.24 $43.90 69.20% $30.38 $57.00 65.12% $37.12 $15.16 -6.66% -$1.01 $21.06 -6.27% -$1.32 $5.82 -27.84% -$1.62 $14.85 65.05% $9.66 $76.38 26.12% $19.95 $1.38 15.22% $0.21 $18.78 34.19% $6.42 $7.71 77.43% $5.97 $18.51 46.19% $8.55 $8.76 -102.40% -$8.97 $12.12 17.08% $2.07 $12.12 17.57% $2.13 $10.35 73.62% $7.62 $61.83 -31.44% -$19.44 $392.31 29.63% $116.25 $328.11 26.11% $85.68 $325.38 17.65% $57.42 $63.00 45.00% $28.35 $15.35 10.29% $1.58 $190.32 30.66% $58.35 $17.95 30.14% $5.41 $33.61 36.72% $12.34 $4.98 12.05% $0.60 $2.61 36.78% $0.96 $44.01 41.72% $18.36 $2.67 68.54% $1.83 $16.56 22.64% $3.75 $5.08 31.50% $1.60 $5.88 8.67% $0.51 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $19.24 $9.62 $1.18 $0.59 $1.18 $0.59 $16.17 $5.39 $22.38 $7.46 $7.44 $2.48 $17.73 $5.91 $10.05 $3i35 $9.99 $3i33 $2.73 $0i91 $81.27 $27.09 $276.06 $92i02 $242.43 $80i81 $267.96 $89i32 $34.65 $11i55 $13.77 $4i59 $131.97 $43i99 $12.54 $4;18 $21.27 $7;09 $4.38 $1i46 $1.65 $0;55 $25.65 $8;55 $0.84 $0;28 $12.81 $4;27 $3.48 $1;16 $5.37 $1;79 OD UM EA EA 30PK BG BG EA PR EA 250BX * EA EA BX EA 2PK * EA EA 2PK 2PK 5PK * EA EA EA EA DZ EA EA EA EA EA EA PR BX EA 5PK 100BX * EA EA RM RM PR EA EA EA EA EA BX EA 5PK EA EA 3PK * BX 5PK * 5PK EA EA $33.69 $2.54 $5.80 $5.78O $1.65O $0.71 Page 3 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES ss LN NO 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 2OO 201 2O2 2O3 2O4 2O5 2O6 2O7 2O8 2O9 210 211 212 213 214 215 216 217 218 219 22O 221 222 223 224 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description TAB,HANG FLDR,1/5,CL,25 STAPLE REMOVER,ULTMTE,GY PAD,LGL RL,PERF,LTR,WE CAL,WALL,3 M O/PG, 12.25"X27 RULER,STAINLS STL, 6" GLUE PEN,RFLBLE LBL, LASR, F F LD R,AST,750 PEN,BLPT,RND STK, MED,BE PRINT CTRG,FAX, BK FILE JACKET, I"EXP,LTR,MLA FLDR,CLAS,LGL,2DV, LBE RUBRBAND,#64,1/4LB PPR,CPY,20#,LTR,PK TONER CTRG,LASRJT 5P/5MP PAD, POSTIT,3X5, NAST,5 P K RIBN,PTR,OKI ML182,BK CAL,WALL,ORG NZ,YR,24X36 CAL, D ES K/WALL,22X17,QN BNDR CLIP,#50,MED FLDR, HANG ,3.5", POLY, BE FLDR, HANG ,3.5", POLY, BK AIR DUSTER,10OZ PRINT CTRG,DESKJT,BK TAPE,SEAL,2"XS00",CL PEN,BLPT,STK, MED,BK FLDR,MLA, 1/2,LTR,1C BNDR,DRNG,LTR,4",DBE TAB,INS,HANG FLDR,1/5,1C PEN,BLPT,RZL-DZL,M ED,GN HILITER,LIQ ACNT,FOR HILITER,LIQ ACNT,FPK IN D EX,TAB, 1/3X2 ,C L,25 P K CORR FLUID,QUICKDRY H I LITER, PKT, FLU RSC NT,6 FLAG ,TAPE, POSTIT, BG N ,50 PEN,BLPT,STK, FN,BK TAB,HANG FLDR,1/3,CL,25 ADD ROLL,2.25"X150',WE RIBN,PTR,IBM 2380,2390,BK ENVL,POLY,VELCRO,CL F LD R,TT, 1/3, LT R,AST, 12 PAD, LG L RL, LTR,YW/WE,50SH BNDR,3RG,LTR,I",BE CORR TAPE,1LN,N/RFL GLUE STICK,.25OZ,PE DISK, 3.5",DSH D,FMT,AST HILITER,LIQ ACNT,FYW BNDR,VU,3RG,LTR,1.5",WE BNDR CLIP,.25",MINI PEN,BLPT,CUSHN,STK, MED,RD FILE,STG,9X4 FRAM E,WD,8.5X11 ,BK CLIPBOARD,9"X12.5",BN MRKR,FELT,MAGNUM,LG,BK BNDR,DRNG,LTR,1.5",MN I NDEX, ERSBLE,LTR,WE,STB Order Ship Item ID Freq Qty CEX UM SMD64600 2 3 PK sw~38121 2 3 EA TOP63410 2 3 DZ AAGPM1128 2 4 EA ACM10414 2 4 EA AVE00331 2 4 EA AVE05266 2 4 P K BICGSMG 11 BE 2 4 DZ BRTPC201 2 4 EA ESS22100 2 4 50BX ESS2257LB 2 4 EA EXP00619 2 4 BG EXP8511PIN 2 4 RM HEWC3903A 2 4 EA MMM6555PK 2 4 PK OKI52102001 2 4 EA WOA102 2 4 EA AAGSK70000 2 5 EA A0072050 2 5 DZ BSP38122 2 5 PK BSP38125 2 5 PK FEL99790 2 5 EA HEW51626A 2 5 EA MMM142 2 5 RL PAP33311 2 5 DZ SMD152L 2 5 BX WLJ38354BL 2 5 EA AVE11136 2 6 PK PENBK92RDDA 2 6 EA SAN24406 2 6 EA SAN24429 2 6 EA AVES201 2 7 PK BICWOFQD12 2 7 EA EXP51104 2 7 ST MMM68022 2 7 EA PAP33811 2 7 DZ SMD64615 2 7 PK EXP20213 2 8 PK EXP25308 2 8 EA LIO22080CR 2 8 EA SMDSS3A 2 8 PK TOP99625 2 8 PK EXP60023 2 9 EA MAN0020501 2 9 EA MMM6108 2 9 EA MAX556437 2 10 BX SAN24425 2 10 EA WLJ36134 2 10 EA EXP90004 2 12 DZ BICSGSM11RD 2 15 EA FEL00706 2 15 EA NUD17081 2 15 EA o~c83100 2 16 EA SAN44001 2 16 EA CRD11457 2 18 EA EXP10041 2 18 ST CEX SELL CEX EXTD. PRICE $2.11 $2.09 $20.64 $11.51 $1.49 $2.65 sl 1 :s6I $2.91 $25.71 $22.62 $6.30 $°:s91 $3.91 $89.10 $4;631 $7.64 $20.95 $8.57 $1.36 $8.17 $8.17 $7.17 $22:031 $1.96 $1.05 $10.05 $11.33 $1.16 $1.47 $1.73 $1.73 $4.O5 $1.53 $2:301 $1.64 $1.05 $2.57 $5.14 $4.88 $1 .O7 $2:7Sl $5.41 $1.77 $2.21 $0.96 $4.36 $1.36 $5.32 $0.61 $0.51 $4.96 $6.60 $10.71 $1.29 SELL PRICE SAVINGS% SAVINGS$ $6.33 29.38% $1.86 $6.27 37.80% $2.37 $61.92 38.32% $23.73 $46.05 51.88% $23.89 $5.96 9.40% $0.56 $10.58 69.38% $7.34 $46.24 -0.87% -$0.40 $11.65 45.75% $5.33 $102.84 20.38% $20.96 $90.48 44.74% $40.48 $25.20 44.92% $11.32 $2.36 0.00% $0.00 $15.64 14.83% $2.32 $356.40 32.83% $117.00 $18.52 -15.55% -$2.88 $30.56 21.47% $6.56 $83.80 52.55% $44.04 $42.85 31.04% $13.30 $6.80 40.44% $2.75 $40.85 32.80% $13.40 $40.85 32.80% $13.40 $35.85 48.40% $17.35 $110.15 -9.21% -$10.15 $9.80 17.86% $1.75 $5.25 15.24% $0.80 $50.25 42.89% $21.55 $56.65 38.31% $21.70 $6.96 8.62% $0.60 $8.82 63.27% $5.58 $10.38 50.87% $5.28 $10.38 50.87% $5.28 $28.35 38.27% $10.85 $10.71 46.41% $4.97 $16.13 -11.97% -$1.93 $11.48 22.56% $2.59 $7.35 5.71% $0.42 $17.99 32.30% $5.81 $41.08 36.71% $15.08 $39.04 23.16% $9.04 $8.56 40.19% $3.44 $22.24 -20.86% -$4.64 $43.28 30.13% $13.04 $15.93 45.20% $7.20 $19.89 27.60% $5.49 $8.64 75.00% $6.48 $43.62 23.66% $10.32 $13.58 37.41% $5.08 $53.20 28.57% $15.20 $7.32 34.43% $2.52 $7.65 47.06% $3.60 $74.40 8.27% $6.15 $99.00 8.33% $8.25 $9.60 -5.00% -$0.48 $23.84 -32.89% -$7.84 $192.78 68.81% $132.66 $23.22 31.78% $7.38 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $46.64 $11.66 $21.40 $5.35 $120.30 $24.06 $18.06 $2.58 $26.88 $3.36 $30.24 $3i78 $8.73 $0;97 $14.40 $1;60 $2.16 $0;24 $33.30 $3;33 $8.50 $0;8s $38.00 $3;80 $4.80 $0;40 $4.05 $0;27 $68.25 $4;55 $90.75 $6;05 $10.08 $0.63 $31.68 $1.98 OD UM PK EA DZ EA EA 2PK * $1.62 PK DZ EA EA * $0.25 EA BG RM EA 5PK EA EA EA BX 3PK 3PK EA EA RL DZ BX EA PK 6PK * $3.23 DZ * $10.16 DZ * $10.16 PK 3PK * $2.47 6PK 2PK * $2.54 DZ PK 12PK EA 3PK * $1.92 PK 2PK EA EA 4PK * $O.95 BX DZ * $10.16 EA BX DZ * $3.25 EA EA EA EA EA ST Page 4 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES SS LN NO 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 24O 241 242 243 244 245 246 247 248 249 25O 251 252 253 254 255 256 257 258 259 26O 261 262 263 264 265 266 267 268 269 27O 271 272 273 274 275 276 277 278 279 28O Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description F ILE,QUIKSTG,LTR/LGL,WE PAD, POSTIT,3X3,YW PAD, POSTIT,3X5,YW PEN,BLPT,RET,MED,BE PEN,BLPT,ERSRMTE,MED,BK INDEX,SD TAB,LTR,1-25 PEN,ROLR,GRIP,MICRO FN,BK IN D EX,WRTO N, LTR,STB,WE NTBK,WB END,3"X5" PEN RFL,SLCTP,FN,BK PCL,MECH,CMFRT MATE PEN RFL,ROLR,IMPACT,BE PEN,BLPT,CUSHN,RET,MED,BK PEN,BLPT,COMFTMATE,MED,BE FLDR, PB,2 P KT,2/5, LTR, BRD PEN,BLPT,EZTCH,BRD,BK PPR,CPY,20#,84B,LTR,WE MOUSE CRADLE,UNDRDSK, CC PROT,SHT,TL,A4,CL,50 C MAT,46"X60", UTI L,CLT BNDR,DATA, 11X14.8,BST,LBE FURN ASSEMBLY CHARGE *RAN528522116 2003 ROAD ATLAS * 20249 SELF-INKING DATER * 21011 6X6 NAMEPLATE * 6956 SELF-INKING DATE STAMP * 7329 NAMEPLATE * 7462 PRE-INKED STAMP 16161 SELF-INKING DATE STAMP 16218 6X6 ADA SIGN 17567 SELF-INKING DATE STAMP BOO K,AP PT, PRO, LTR, BK BOOK,APPT,WK/MO,8"X5",BK BOOK,APPT,WK/MO,6X3.75,BK BOO K,AP PT, PRO, M O,6"X4", BK BOOK,APPT,WK,8.75"X7",BK CAL BASE,E717,S170,BK CAL,WALL,TODAYIS,9-3/SX12 CAL, RFL, F/K4-00,8.5"XS" CAL,WALL,2 M O/PG, 15.5"X22" CAL,WALL,ERS,90DY BOOK,APPT, DY,8"X5", BK CAL, RFL, F/S KS-00 CAL RFL,FLP-WK,WE FLDR,PB,LTR,SPR,ERD BNDR,DATA, 14.8"X11",DBE BN DR, DATA, 14.8"X11 ",GY RING,BOOK,2",12BX PUNCH ,2-3H L,ADJ ,40S H, BK PUNCH ,3-7H L,ADJ ,40S H, BW RULER,ACRY, DATA, 15" SHEARS,BENT HDL,8",SS SHEARS,STRT,FORGED,7" SH EARS, KLE N CT,STR,8", RD RULER,COMPUTER,15" SHEARS,SAFTY,7",RCY, BK Order Ship Item ID Freq Qty CEX UM FEL00789 2 18 EA MMM6549YW 2 18 PD MMM655YW 2 18 PD PIL32221 2 18 EA PAP39301 2 22 EA AVELGLTS125 2 24 ST BICRV11BK 2 24 EA AVE23078 2 28 ST AVE31120 2 30 EA CRO8444 2 36 EA PAP65501 2 36 EA SAN65804 2 36 EA BICSCSM 11BK 2 60 EA PAP63101 2 96 EA SMD14082 2 100 EA PIL32300 2 120 EA EXP8511 2 800 RM ccP76545 1 -1 EA CLI08037 1 -1 BX ELD64429 1 -1 EA ACC54272 1 0 EA AAAFURNASY 1 1 LT AAASPECSPR 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAASTAMPRUB 1 1 LT AAG7095005 1 1 EA AAG760205 1 1 EA AAG760305 1 1 EA AAGG45000 1 1 EA AAGG53500 1 1 EA AAGJ 1700 1 1 EA AAGK400 1 1 EA AAGK450 1 1 EA AAGPM1328 1 1 EA AAGPM23928 1 1 EA AAGSK4400 1 1 EA AAGSK850 1 1 EA AAGSW70650 1 1 EA ACC 15995 1 1 EA ACC53073 1 1 EA ACC53074 1 1 EA ACC72002 1 1 BX ACC74350 1 1 EA ACC74400 1 1 EA ACM10580 1 1 EA ACM10703 1 1 EA ACM19017 1 1 EA ACM40618 1 1 EA ACM40711 1 1 EA ACM44218 1 1 EA CEX SELL CEX EXTD. PRICE $2.39 $0.38 $0.97 $0.77 $O.89 $5.4O $1.24 $1.43 $O.38 $0.53 $1.07 $O.53 $O.53 I $3:1Ol $0.90 $3.58 $61.57 $5.46 $56.97 $0.00 $12.57 $11.86 $16.07 $11.36 $10.27 $9.95 $12.59 $36.34 $30.37 $12.89 $13.37 $7.31 $5.99 $4.14 $4.14 $2.34 $31.49 $54.89 $1.5O $2.37 $4.O5 $2.37 $3.59 $4.41 SELL PRICE SAVINGS% SAVINGS$ $43.02 4.60% $1.98 $6.84 39.47% $2.70 $17.46 6.19% $1.08 $13.86 36.36% $5.04 $19.58 57.30% $11.22 $129.60 8.33% $10.80 $29.76 37.90% $11.28 $40.04 38.46% $15.40 $11.40 13.16% $1.50 $45.72 -22.83% -$10.44 $19.08 7.55% $1.44 $38.52 23.36% $9.00 $31.80 32.08% $10.20 $50.88 7.55% $3.84 $310.00 -7.42% -$23.00 $108.00 40.00% $43.20 $2,864.00 35.75% $1,024.00 -$61.57 62.53% -$38.50 -$5.46 -48.35% $2.64 -$56.97 46.74% -$26.63 $0.00 0.00% $0.00 $12.57 0.00% $0.00 $14.95 0.00% $0.00 $71.90 0.00% $0.00 $56.00 0.00% $0.00 $49.95 0.00% $0.00 $15.00 0.00% $0.00 $21.75 0.00% $0.00 $38.90 0.00% $0.00 $56.00 0.00% $0.00 $42.90 0.00% $0.00 $11.86 17.71% $2.10 $16.07 42.19% $6.78 $11.36 41.99% $4.77 $10.27 34.18% $3.51 $9.95 8.34% $0.83 $12.59 4.37% $0.55 $36.34 37.07% $13.47 $30.37 24.70% $7.50 $12.89 49.81% $6.42 $13.37 8.30% $1.11 $3.88 -52.32% -$2.03 $4.97 -1.61% -$0.08 $7.31 22.57% $1.65 $5.99 78.63% $4.71 $4.14 42.27% $1.75 $4.14 42.27% $1.75 $2.34 -232.48% -$5.44 $31.49 37.38% $11.77 $54.89 64.07% $35.17 $1.50 8.00% $0.12 $2.37 27.00% $0.64 $4.05 77.53% $3.14 $2.37 31.65% $0.75 $3.59 61.56% $2.21 $4.41 6.35% $0.28 OFFICE DEPOT OFFICE DEPOT EXTD SELL SELL PRICE PRICE (CEX UM) (CEX UM) $56.16 $1.56 $333.00 $3.33 SELL PRICE (OD UM UM WHERE OD UM DIFF DIFF) 3PK * $6.85 DZ * $2.80 DZ * $10.87 DZ * $5.87 5PK * $1.92 ST DZ * $9.18 ST 3PK * $O.99 EA EA 2PK * $1.64 EA EA EA $1,840.001 $2:301 10RM CA -$23.07 $23.07 -$8.10 $8.10 -$30.34 $30.34 $0.00 $2.39 $12.57 $12.57 $5.91 $5.91 $5.O5 $5.O5 EA BX EA EA LT LT LT LT LT LT LT LT LT LT EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA BX EA EA EA PR PR 2PK EA PR * $23.01 $3.24 Page 5 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PURCHASES SS LN NO 281 282 283 284 285 286 287 288 289 29O 291 292 293 294 295 296 297 298 299 3OO 301 3O2 3O3 3O4 3O5 3O6 3O7 3O8 3O9 310 311 312 313 314 315 316 317 318 319 32O 321 322 323 324 325 326 327 328 329 33O 331 332 333 334 335 336 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description NTBK, P KT,4X8, N R,G REGG DESK PAD,20X36,RHNOLN,BK CALC, DESK, D/PWR,8 DGT LBL,TAB,3.5X7/16,WE,5M LBL, LAS R,AD D,3-1/3X4,6C LBL, LASR, F F LD R,WE, 15C BN DR,4RG,LH,LGL,2",BK LBL,LASR,RM,2/3X3-7/8 MRKR,MRKSALOT,LG,GN MRKR,MRKSALOT,LG,BE MRKR,MRKSALOT,LG,RD LBL, IN KJT,VI D EO,WE,40 P K STAMP PAD,FOAM,#1 ,BK HILITER,PEN STYLE,6ST HILITER,BOSS,SST PCL,MECH,E-GRIP,GP PROT,SHT,TL,SHW, DMND CL INDEX,SD TAB,LTR,A-Z P ROT,S HT,TL, LTR, NG ,50 INDEX, RDY, LTR,MO,AST BNDR,3RG,CTHRU,LTR,I",RD IN D EX,TAB LE/TAB, M O,AST CLIP,WALL PANEL,BG,4PK PPR CLIP,PLAS,×L,AST,50 SHARPEN ER,PCL,DESK, SK DECANTER,VPR/VPS,DECAF TONER CTRG,CAN 6012 TONER BTL,CAN NP6045 TONER CTRG,CN4000,FX-3 COPYHLDR,CLIP,LGY CATALOG,CE SOURCE BK,2002 CD WALLET, KOSKI N,208CAP PROT,SHT,TL,LTR,CL,25 BUS CRD HLDR,TOP LD,P/S CD STG,PS,10PK BN DR, DRNG,VU, LTR, 1 ",WE ORGNZ,BN DR,RGNT,ZP,LEA, BY FILE,WALL,STRTR,BK PCL CUP,SUPR,PLAS,CL ORGNZ STAND,MESH,PW SHELF,DESK, 3 TIER,MESH,BK FILE,RTRY, DESK, EY CUBE,2DRW,SHF,CL CUBE,4DRW,SHF,CL ORGNZ,SHLF,6X12,CL ORGNZ,SHF,9",SHF SAVR SORTER,INCLINE,REGEN,BK ORGNZ,REGEN,BK CMAT,46"X60",NO LIP,BVL CMAT,46"X60",ANTSTAT FI L E,WAL L, STAK, BK CMAT,46"X60",UTIL,HFLR PRINT CTRG,EPS 440/640 CARD FILE,PLAS,3×5,BK BOOK, RECD,150PG,BK FILE JACKET,2"EXP,LTR,RD Item ID AMP25280 ARZLT61 AURDT150 AVE04027 AVE05164 AVE05366 AVE06120 AVE06466 AVE08885 AVE08886 AVE08887 AVE08997 AVE21381 AVE23565 AVE48580 AVE49574 AVE74400 AVE LG LTSAZ AVE PV119G50 AVE RI213M AVEST1110RD AVETT213 M AVT075300 BAU LP 1700 BAUMR9900 BUN6088 CAN 1382A003A CAN 1385A002 CAN 1557A002 B CCPCC1 CEI20021 CLGKSW208 CLI62020 CLI70257 CLI70568 CRD10200 DTM81503 ELD13606 ELD14124 ELD22154 ELD22341 ELD25001 ELD29882 ELD29884 ELD29893 ELD29894 ELD38386 ELD38986 ELD40730 ELD45730 ELD48706 ELD76730 EPS5020191 ESS01351 ESS21150R ESS22211 Order Ship CEX SELL CEX EXTD. Freq Qty CEX UM PRICE SELL PRICE SAVINGS% SAVINGS$ 1 1 DZ I $13i321 $13.32 -35.36% -$4.71 1 1 EA $35.13 $35.13 46.37% $16.29 1 1 EA $14.11 $14.11 47.63% $6.72 1 1 BX $25.41 $25.41 8.34% $2.12 1 1 BX $26.21 $26.21 17.63% $4.62 1 1 BX $26.21 $26.21 17.63% $4.62 1 1 EA I $21i801 $21.80 -113.26% -$24.69 1 1 PK $13.87 $13.87 17.66% $2.45 1 1 EA $0.48 $0.48 18.75% $0.09 1 1 EA $0.48 $0.48 18.75% $0.09 1 1 EA $0.48 $0.48 18.75% $0.09 1 1 PK $10.99 $10.99 19.75% $2.17 1 1 EA $1.42 $1.42 8.45% $0.12 1 1 ST $3.04 $3.04 29.61% $0.90 1 1 ST $12.37 $12.37 36.30% $4.49 1 1 EA $4.06 $4.06 32.51% $1.32 1 1 ax $29.04 $29.04 73.07% $21.22 1 1 ST $5.60 $5.60 8.39% $0.47 1 1 ax $6.27 $6.27 21.53% $1.35 1 1 ST $3.18 $3.18 29.25% $0.93 1 1 EA $7.36 $7.36 34.38% $2.53 1 1 ST $2.52 $2.52 10.71% $0.27 1 1 4PK $2.41 $2.41 16.60% $0.40 1 1 ax $3.26 $3.26 33.44% $1.09 1 1 EA $2.94 $2.94 75.85% $2.23 1 1 EA $14.14 $14.14 24.61% $3.48 1 1 EA $32.10 $32.10 23.55% $7.56 1 1 EA i $~s:~Ol $75.60-31.83% -$24.06 1 1 EA $84.77 $84.77 23.39% $19.83 1 1 EA $5.53 $5.53 40.87% $2.26 1 1 EA $0.00 $0.00 0.00% $0.00 1 1 EA $44.99 $44.99 10.00% $4.50 1 1 ax $3.76 $3.76 13.83% $0.52 1 1 PK $3.90 $3.90 49.23% $1.92 1 1 10PK $3.61 $3.61 3.60% $0.13 1 1 EA $6.42 $6.42 34.42% $2.21 1 1 EA $128.05 $128.05 37.29% $47.75 1 1 EA $12.76 $12.76 36.60% $4.67 1 1 EA $2.81 $2.81 21.35% $0.60 1 1 EA $17.00 $17.00 35.29% $6.00 1 1 EA $14.84 $14.84 12.47% $1.85 1 1 EA $17.14 $17.14 14.47% $2.48 1 1 EA $11.86 $11.86 46.46% $5.51 1 1 EA $13.16 $13.16 46.43% $6.11 1 1 EA $8.47 $8.47 46.40% $3.93 1 1 EA $12.97 $12.97 40.48% $5.25 1 1 EA $5.78 $5.78 8.30% $0.48 1 1 EA $4.21 $4.21 9.50% $0.40 1 1 EA $45.09 $45.09 32.71% $14.75 1 1 EA $121.76 $121.76 27.05% $32.93 1 1 EA $5.21 $5.21 8.45% $0.44 1 1 EA $65.42 $65.42 37.66% $24.64 1 1 EA $26.14 $26.14 17.64% $4.61 1 1 EA $1.69 $1.69 43.20% $0.73 1 1 EA $28.38 $28.38 12.19% $3.46 1 1 50BX $28.85 $28.85 11.61% $3.35 OFFICE DEPOT EXTD SELL PRICE (CEX UM) $18.03 SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $18.03 * $6.01 $46.49 $46.49 $99.66 $99.66 $0.00 $0.00 $40.49 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii$40i;4i9 OD UM 4PK EA EA BX BX BX EA BX EA EA EA 40PK EA 6PK 8PK EA BX ST BX ST EA ST 24BX BX EA EA EA EA EA EA EA EA PK 10PK 5PK EA EA 3PK EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA * $12.07 $1.74 * $0.510 Page 6 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PUF~CHASES ss LN NO 337 338 339 34O 341 342 343 344 345 346 347 348 349 35O 351 352 353 354 355 356 357 358 359 36O 361 362 363 364 365 366 367 368 369 37O 371 372 373 374 375 376 377 378 379 38O 381 382 383 384 385 386 387 388 389 39O 391 392 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description CVR, REP, LTR, D B L-TAN G ,ASST PORTFOLIO,2PKT,HG PO RTFO LIO,2 PKT, FAS, LTR FLDR,BX BOTM,LTR,3" FLDR,MLA,STR,LTR LBL,FILE FLDR,LBE LBL,FILE FLDR,GN LBL,FILE FLDR,RD LBL,FILE FLDR,YW LBL,LASR,I-I/3X4,WE PAD,LGL RL,PERF,LTR,CY PPR, M E M O,4X6,WE PAD,LGL RL,PERF,LGL,WE RIBN,LO,CAN,6BX PAD,GUM,WD RL,LTR,WE BN DR,3RG,LH,LTR,3",BK PAD,LGL RL,PERF,5XS,WE PPR,CPY,20#,LTR,GD BNDR CLIP,I",LG PUNCH,1HL,HNDHLD PUNCH,2-3HL,ADJ,14SH,BK CALC,DESK, 12DGT COPYH LDR, D ES KTP, BK COPYH LDR, FLEXARM, BASE BUS CRD HLDR,PERF-ECT,BK SHREDDER,BSKT,P500 COPYHLDR,CLIP,ADJ,PY MOUSEPAD,GP T RAY,WI R E,3"D, LTR, BK CD SPINNER,112CAP,BK DISK FILE,3.5,F/50,PL WRISTREST,GEL,RY CVR,PC,UNV,VYL,LG,CL CLEAN ER,SCREEN,WIPES, lC CLEAN ER, D U STE R,AI R,2.75OZ CAL, RFL, M O NARC, MONTICELLO LAMNT POUCH,BADGE,5ML, LAMNT POUCH,LTR,3ML,50PK PUNCH,3HL,ADJ,40SH,GY STAPLER,DESK, FULL STRP,BK STAPLER,DESK, FULL STRP,BY STAPLER,FULL STRP,HG STAMP,PRNK, COPY, BE STAMP,PRNK, FILE CPY, RD STAMP,PRNK, PAID,RD STAMP,PRNK, RECD,RD STAM P,TITLE, POSTED, RD STAMP,RPL PAD,F/75826 STAMP,DATER,CSTM,HD DATER,PHRASE,HD PUSH PIN,PLAS,AST, lC FILE,EXP,LAM, 10X12,BE P P R,C PY,24#, U N COAT,WE PAD HLDR,LTR,DLX,VYL,BY PRINT CTRG,DESKJT,CN PRINT CTRG,DESKJT,MA Order Ship Item ID Freq Qty ESS52513 1 1 ESS57556 1 1 ESS57713 1 1 ESS82317 1 1 BX ESSH110D 1 1 BX EXP00453 1 1 PK EXP00455 1 1 PK EXP00459 1 1 PK EXP00462 1 1 PK EXP00518 1 1 BX EXP11429 1 1 DZ EXP20020 1 1 PK EXP21428 1 1 DZ EXP26107 1 1 6BX EXP41218 1 1 DZ EXP60037 1 1 EA EXP61428 1 1 DZ EXP8511GOL 1 1 RM EXP90002 1 1 DZ EXP90030 1 1 EA EXP90031 1 1 EA EXP95005 1 1 EA FEL21106 1 1 EA FEL21128 1 1 EA FEL22308 1 1 EA FEL32500 1 1 EA FEL48107 1 1 EA FEL58037 1 1 EA FEL66112 1 1 EA FEL83123 1 1 EA FEL90611 1 1 EA FEL96737 1 1 EA FEL99615 1 1 EA FEL99703 1 1 EA FEL99791 1 1 EA FRQ23966 1 1 EA GBC3202004 1 1 PK GBC3745690 1 1 PK GBC9800276 1 1 EA GBC9855000 1 1 EA GBC9855020 1 1 EA GBC9895030 1 1 EA GEM07611 1 1 EA GEM07613 1 1 EA GEM07620 1 1 EA GEM07621 1 1 EA GEM07631 1 1 EA GEM55608 1 1 EA GEM73026 1 1 EA GEM75826 1 1 EA GEMCPOA 1 1 BX GLW38301 1 1 EA HAM124960 1 1 PK HAZ548710 1 1 EA HEW51640C 1 1 EA HEW51640M 1 1 EA CEX SELL CEX EXTD. CEX UM PRICE 25BX $12.99 25BX $12.99 25BX I $8i411 $16.61 $18.83 $18.13 $7.23 I $3:561 $9.78 $6.66 $6.72 I s~:2~1 $1.01 $9.15 $14.99 $11.96 $35.84 $4.59 $78.22 $4.69 $2.97 $4.79 $17.46 $4.54 $21.59 $14.41 $9.61 $6.45 $44.63 $5.14 $2O.88 $47.62 $14.37 $13.17 $17.37 $7.8O $7.8O $7.8O $5.37 $5.37 $4.81 $21.59 $53.10 $2.37 $12.17 $7.86 $14.44 $33.81 $33.81 SELL PRICE SAVINGS% SAVINGS$ $12.99 9.93% $1.29 $12.99 50.12% $6.51 $8.41 -26.99% -$2.27 $16.61 1.51% $0.25 $18.83 55.44% $10.44 $1.29 -34.88% -$0.45 $1.29 -34.88% -$0.45 $1.29 -34.88% -$0.45 $1.29 -34.88% -$0.45 $18.13 35.69% $6.47 $7.23 12.17% $0.88 $3.56 -29.78% -$1.06 $9.78 1.64% $0.16 $1.38 -766.67% -$10.58 $6.66 4.65% $0.31 $6.12 -3.43% -$0.21 $0.24 -33.33% -$0.08 $6.72 50.15% $3.37 $1.21 -67.77% -$0.82 $1.01 13.86% $0.14 $9.15 61.42% $5.62 $14.99 54.10% $8.11 $11.96 31.35% $3.75 $35.84 38.64% $13.85 $4.59 33.99% $1.56 $78.22 43.79% $34.25 $4.69 30.31% $1.42 $2.97 8.42% $0.25 $4.79 4.59% $0.22 $17.46 34.99% $6.11 $4.54 23.79% $1.08 $21.59 56.51% $12.20 $14.41 35.32% $5.09 $9.61 48.80% $4.69 $6.45 42.64% $2.75 $44.63 48.26% $21.54 $5.14 34.63% $1.78 $20.88 36.25% $7.57 $47.62 58.59% $27.90 $14.37 40.92% $5.88 $13.17 35.54% $4.68 $17.37 38.23% $6.64 $7.80 48.46% $3.78 $7.80 46.03% $3.59 $7.80 48.46% $3.78 $5.37 25.14% $1.35 $5.37 -6.70% -$0.36 $4.81 33.47% $1.61 $21.59 0.00% $0.00 $53.10 55.52% $29.48 $2.37 78.90% $1.87 $12.17 33.03% $4.02 $7.86 37.40% $2.94 $14.44 44.94% $6.49 $33.81 17.63% $5.96 $33.81 17.63% $5.96 OFFICE DEPOT EXTD SELL PRICE (CEX UM) OFFICE DEPOT SELL PRICE (CEX UM) $10.68 $10.68 $1.74 $1.74 $1.74 $1.74 $1.74 $1.74 $1.74 $1.74 $4.62 $4.62 $11.96 $11.96 $6.33 $6.33 $0.32 $0.32 $2.03 $2.03 OD UM 10PK 10PK 10PK BX BX PK PK PK PK PK DZ PK DZ 6PK DZ EA EA RM BX EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA EA PK PK EA EA EA EA EA EA EA EA EA EA EA EA BX EA RM EA EA EA UM DIFF SELL PRICE (OD UM WHERE DIFF) $4.68 $2.59 $4.27 Page 7 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PUF~CHASES ss LN NO 393 394 395 396 397 398 399 4OO 401 4O2 4O3 4O4 4O5 4O6 4O7 4O8 4O9 410 411 412 413 414 415 416 417 418 419 42O 421 422 423 424 425 426 427 428 429 43O 431 432 433 434 435 436 437 438 439 44O 441 442 443 444 445 446 447 448 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description PRINT CTRG,DESKJT,YW PRINT CTRG,DESKJT,CLR PPR ROLL,BNNR,INKJT,LTR TONER CTRG,HP1100A, ULTRA CABINET,STG,72"H,PY DICTNARY,WEBSTERS II H EATE R,C E RAM C,ADJ ,TH ERM BINDING,PLAS,1.25",BK,50 CD-R,40X,WE,50/SPN DL/PK DISK, 3.5",DSHD,CL M O U S E PAD, FSTTR K, BE SWAB,CLEAN ER,20BX CLEAN ER, D U ST/LI NT, 1007 MOISTEN ER,FNGRTIP,3/807 RACK, 3HORT,SVERT,DP,BK CASSETTE,AUDIO,30MIN DICTNARY,CO LLEG E, H RDBK TAPE, DBL STK, 1/2"X450" TAPE,PKG,CL BOARD,POSTIT,S STICK, PLM PAD, POSTIT, 1.5X2,AQ PAD, POSTIT, 1.5X2,YW, 12 PK PAD,POSTIT,3X3,AST, 12PK PAD, POSTIT,4X6,AQ,3PK PAD, POSTIT,4X6, U LTRA,3 P K PAD, POSTIT, PAG M KR,2X.6 NOTE,PGM RKR, 1X3,UAST,4PK PAD, POSTIT,4X4,AQ FLAG ,TAPE, POSTIT, BE,50 FLAG ,TAPE, POSTIT, B P K,50 FLAG,TAPE, POSTIT,G N,50 FLAG ,TAPE, POSTIT,AR ROW FLAG, POSTIT,SIG NATU R E,AST FLAG,POSTIT,SIGN HERE,AST MOUNTING SQ,RMVBL,CL,35PK TAPE, POPU P, .75X2 ,STR P,C L KEYBRD TRAY,ADJ ORG NT, DESK, ROTATE, BK TAPE DSPR,POPUP,CHPN PAD, POSTIT,AD H, POPU P,3X3 STAPLE,MINI,3/16" STAPLER,MINI,BK LETTER OPENER,DELUXE,BK SHARPEN ER,PCL,BATT,BK ERASER,CAP,12PK ERASER,PCL,PK/PA, LG MRKR,PERM,CHSL,WE MRKR,PEN STYLE,FN,WE ERASER,MECH PCL,3TB KNIFE,UTIL,RETRACTBLE PEN,BLPT,M ED,RET,GX300,BK PEN,BLPT,M ED,RET,GX300BBY PEN,GEL,DR GRIP,FN,NPE PEN RFL,BLPT,RET,M ED,BE,2 ADD ROLL,2.25X150',RCY, 12 TONER CTRG,CAN L500 Order Ship Item ID Freq Qty CEX UM HEW51640Y 1 1 EA HEW51641A 1 1 EA HEWC1820A 1 1 PK HEWC4092A 1 1 EA HONSC1872L 1 1 EA HOUH15080 1 1 EA HWLHZ315 1 1 EA IBC15262 1 1 PK IMN41410 1 1 PK IMN42439 1 1 BX KCS811 O3 1 1 EA KMW18040 1 1 BX KMW22260 1 1 EA LEE10050 1 1 EA LIT5DOBK 1 1 EA MAX102811 1 1 EA MER9 1 1 EA MMM137 1 1 RL MMM3650C 1 1 RL MMM558F5 1 1 EA MMM65312AQ 1 1 PK MMM653YW 1 1 PK MMM654A 1 1 PK MMM6603AQ 1 1 PK MMM6603AU 1 1 PK MMM6705AF 1 1 PK MMM6714AU 1 1 PK MMM675AQL 1 1 PD MMM6802 1 1 EA MMM68021 1 1 EA MMM6803 1 1 EA MMM684ARR3 1 1 EA MMM684AST1 1 1 PK MMM684SH 1 1 EA MMM859 1 1 35PK MMM90M3PK 1 1 PK M M MAKT60 1 1 EA MMMC91 1 1 EA MMMC92CH 1 1 EA MMMR3306AQ 1 1 PK MXB105M 1 1 BX MXBHD10DFBK 1 1 EA 01c30310 1 1 EA PANKP4ABK 1 1 EA PAP02512 1 1 PK PAP70521 1 1 EA PEN100W 1 1 EA PEN100WS 1 1 EA PENZ21 1 1 TB PHCCQR16 1 1 EA PIL34110 1 1 EA PIL34112 1 1 CD PIL36261 1 1 EA PIL77228 1 1 PK PMF02835 1 1 PK PMF75500 1 1 EA CEX SELL CEX EXTD. PRICE $33.81 $33.81 $11.95 $64.49 $268.98 $6.5O $35.29 $27.45 $28.OO $5.67 $7.87 $15.07 $41.95 $1.26 $69.30 $1 .O9 $24.95 $2.13 $4.49 $29.60 $8.61 $6.43 $2.61 $1.73 $7.56 $3.84 $2.54 $3.86 $3.27 $2.57 $194.68 $21.57 $8.69 $9.70 $1 $10.42 $1.27 $12.83 $0.53 $0.41 $2.31 $2.79 $6.56 $3.54 $3.54 $5.97 $0.78 $13.66 $99.00 SELL PRICE SAVINGS% SAVINGS$ $33.81 17.63% $5.96 $33.81 26.83% $9.07 $11.95 7.62% $0.91 $64.49 17.65% $11.38 $268.98 28.53% $76.73 $6.50 61.85% $4.02 $35.29 29.90% $10.55 $27.45 29.51% $8.10 $28.00 43.75% $12.25 $5.67 41.27% $2.34 $7.87 65.44% $5.15 $15.07 39.95% $6.02 $41.95 45.01% $18.88 $1.26 59.52% $0.75 $69.30 33.49% $23.21 $1.09 55.05% $0.60 $24.95 38.84% $9.69 $2.13 14.55% $0.31 $4.49 56.35% $2.53 $29.60 45.00% $13.32 $8.61 49.59% $4.27 $3.10 -13.55% -$0.42 $7.79 -6.93% -$0.54 $6.43 -27.53% -$1.77 $6.43 18.20% $1.17 $2.61 41.76% $1.09 $1.73 14.45% $0.25 $7.56 44.97% $3.40 $1.06 -19.81% -$0.21 $1.06 -19.81% -$0.21 $1.06 -19.81% -$0.21 $3.84 44.01% $1.69 $2.54 23.62% $0.60 $3.86 14.51% $0.56 $3.27 86.85% $2.84 $2.57 17.51% $0.45 $194.68 43.51% $84.71 $21.57 32.04% $6.91 $8.69 45.22% $3.93 $9.70 46.91% $4.55 $1.56 -75.64% -$1.18 $10.42 20.92% $2.18 $1.27 14.17% $0.18 $12.83 14.50% $1.86 $0.53 7.55% $0.04 $0.41 7.32% $0.03 $2.31 9.52% $0.22 $2.79 30.11% $0.84 $0.48 -60.42% -$0.29 $6.56 8.23% $0.54 $3.54 36.44% $1.29 $3.54 36.44% $1.29 $5.97 8.38% $0.50 $0.78 7.69% $0.06 $13.66 76.79% $10.49 $99.00 44.86% $44.41 OFFICE DEPOT OFFICE DEPOT EXTD SELL SELL PRICE PRICE (CEX UM) (CEX UM) $3.52 $3.52 $8.33 $8.33 $8.20 $8.20 $1.27 $1.27 $1.27 $1.27 $1.27 $1.27 $2.15 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii$2i;iliii$ $2.74 $2.74 $0.77 $0.77 OD UM EA EA PK EA EA EA EA 50PK PK BX EA PK EA EA EA 6PK EA RL 4PK EA PK PK DZ PK 3PK 5PK 4PK PK 2PK 2PK 2PK 4PK EA EA 480PK 3PK EA EA EA 6PK BX EA 2PK EA PK EA DZ DZ 3PK EA EA EA EA 2PK DZ EA SELL PRICE (OD UM UM WHERE DIFF DIFF) $2.93 $7.82 $2.54 $2.54 $2.54 $5.90 $2.17 * $25.13 * $23.43 * $2.31 Page 8 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES ss LN NO 449 45O 451 452 453 454 455 456 457 458 459 46O 461 462 463 464 465 466 467 468 469 47O 471 472 473 474 475 476 477 478 479 48O 481 482 483 484 485 486 487 488 489 49O 491 492 493 494 495 496 497 498 499 5OO 501 5O2 5O3 5O4 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description BOARD,CORK, 3'X4',OK BOARD,FBR,3'X4',GY E NVL,CAT,28#, 10X13, KFT, 1C ENVL,CSP,24#,6X9,PRKRG E NVL,CS P,24#, 10X13, PRKRG E NVL,CAT,28#, 10X13, REDSL E NVL,COI N ,#5,28#,5C/BX ENVL,IN DPT,TIE, 10X13,KFT ORGNZ,DRW, BK SORTER, M EGA,STE P, BK BOOK,ADD,BUS CRD STYLE,AM CARD FILE,VIP,2.25X4,BK CARD FILE,VIP,CVR,2.25,BK CLEAN E R,CTRG,WI P ES,75TU B M R KR,VISAVIS, FN ,4ST MRKR,LIQ,SHARPIE,BK PEN RFL,BLPT,PHD,MED,BK STAMP PAD INK, ROLL-ON,GN PEN,UNIGEL,GRIP,MED,PE PEN,UNIGEL,GRIP,MED,GN PEN,BLPT,PHD,MED,SCL ERASER,DRY ERS,EXPO BOARD,DRY ERS,ACCESS KT MRKR,EXPO,DRY ERS,SST MRKR,DE,FN,CRBN,4ST MRKR,EXPO,DRY ERS,BLT,4ST MRKR,EXPO,DRY ERS,BLT,SST MRKR,EXPO,XFN,4ST CLOCK,WALL, 12",Q RTZ,C M PRM PCL,MECH,DELTA GRP,.7,BBY CALC,DESK, PRT, 12DGT FILE JACKET,FLAT,LTR,RD FILE JACKET, I"EXP,LTR,50 FILE JACKET,2" EXP,LTR,50 FILE JACKET,2" EXP,LTR,GN FILE JACKET,2" EXP,LTR,RD GUIDE,CARD,3X5,A-Z,PB,GN FLDR,FILE, 1/3,LTR,AST GUIDE,CARD,4X6,MO,PB,GN GUIDE,CARD,4X6,A-Z,PB,GN GUIDE,CARD,5XS, 1/5,M LA, 1C FLDR,HANG,LTR,BK,25 FLDR,HANG,LTR,1/5,YW,25 FI LE, D ES K,20 PG ,A-Z, LTR LBL PROT,SEAL,VU,CL,1C FRAME,HANG,LTR/LGL,2BX GUIDE,SELF TAB,A-Z,LTR,25 STAPLER,DESK, HLF STRP,BK STAPLER,DESK, FULL STRP,BK STAPLER,ELEC,20SH FINGER PAD,#11.5,AR STAPLER,DESK, FULL STRP,BK STAPLER,DESK, FULL STRP,PL STAPLER,DESK, HLF STRP,BK PUNCH,2HL,1/4",35SH,BK PUNCH ,2-3H L,ADJ ,40S H, BK Item ID QRT304 QRT7694G Q UA41667 QUA43055 QUA43097 QUA43717 QUA50462 QUA63561 ROG 11906 ROG48016 ROL66440 ROL66998 ROL67011 RRTRR1409 SAN 16074 SAN34011 SAN56892 SAN58704 SAN65453 SAN65455 SAN70102 SAN81505 SAN83054 SAN83078 SAN86435 SAN88074 SAN88078 SAN89074 SET1143 SHF92006 SHREL2192R SMD24900R SMD24910 SMD24920 SMD24920GN SMD24920R SMD51525 SM D53LASMT SMD61112 SMD61525 SMD825 SMDC15HBK SMDC15HY SMDC33 SMDCLL SMDR782 SMDS11525 SWI20301 SWI40701 SWI51110 SWI54035 SWI54501 SWI54515 SWI71101 SWI74050 SWI74350 Order Ship Freq Qty CEX UM 1 1 EA 1 1 EA 1 1 BX 1 1 BX 1 1 BX 1 1 BX 1 1 BX 1 1 BX 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 ST 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 KT 1 1 ST 1 1 ST 1 1 ST 1 1 ST 1 1 ST 1 1 EA 1 1 EA 1 1 EA 1 1 BX 1 1 50BX 1 1 50BX 1 1 50BX 1 1 50BX 1 1 ST 1 1 BX 1 1 ST 1 1 ST 1 1 BX 1 1 BX 1 1 BX 1 1 EA 1 1 PK 1 1 2BX 1 1 ST 1 1 EA 1 1 EA 1 1 EA 1 1 DZ 1 1 EA 1 1 EA 1 1 EA 1 1 EA 1 1 EA CEX SELL CEX EXTD. PRICE $46.72 $75.02 $13.47 $19.50 $14.06 $25.89 $6.86 $9i321 $44.99 $13.18 $19.77 $6.29 $3.21 $1.37 $2.09 $1:9o $1.60 $1.6O $7.29 $1.95 $16.20 $s:8ol $5.15 $3.93 $S:801 $3.21 $27.07 $5.39 $69.99 $30.00 $19.59 $19.59 $27.57 $27.57 $3.93 $13.54 $3.33 $4.97 $11.50 $11 $11.58 $8.34 $2.54 $12.96 $13.17 $99.33 ] s0:721 $7.19 $7.19 $5.32 $13.13 $44.90 SELL PRICE SAVINGS% SAVINGS$ $46.72 12.91% $6.03 $75.02 44.29% $33.23 $13.47 45.58% $6.14 $9.96 -63.55% -$6.33 $15.06 -62.55% -$9.42 $19.50 46.10% $8.99 $14.06 39.97% $5.62 $25.89 48.82% $12.64 $6.86 47.81% $3.28 $9.32 -17.92% -$1.67 $44.99 83.35% $37.50 $13.18 17.60% $2.32 $19.77 19.68% $3.89 $6.29 21.78% $1.37 $3.21 20.25% $0.65 $1.37 8.03% $0.11 $2.09 56.46% $1.18 $1.90 -3.68% -$0.07 $1.60 40.00% $0.64 $1.60 40.00% $0.64 $7.29 37.04% $2.70 $1.95 8.21% $0.16 $16.20 8.33% $1.35 $5.80 -10.52% -$0.61 $5.15 33.79% $1.74 $3.93 13.23% $0.52 $5.80 -10.52% -$0.61 $3.21 8.41% $0.27 $27.07 8.57% $2.32 $5.39 49.17% $2.65 $69.99 62.18% $43.52 $30.00 8.50% $2.55 $19.59 36.19% $7.09 $19.59 36.19% $7.09 $27.57 7.51% $2.07 $27.57 7.51% $2.07 $3.93 51.40% $2.02 $13.54 32.94% $4.46 $3.33 30.93% $1.03 $4.97 52.52% $2.61 $11.50 7.22% $0.83 $11.58 -8.12% -$0.94 $11.58 38.34% $4.44 $8.34 35.25% $2.94 $2.54 16.54% $0.42 $12.96 26.85% $3.48 $10.01 -1.40% -$0.14 $2.62 -27.86% -$0.73 $13.17 8.35% $1.10 $99.33 14.48% $14.38 $0.72 -20.83% -$0.15 $7.19 53.41% $3.84 $7.19 38.25% $2.75 $5.32 37.03% $1.97 $13.13 12.26% $1.61 $44.90 56.08% $25.18 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $16.29 $16.29 $24.48 $24.48 $10.99 $10.99 $1.97 $1.97 $6.41 $6.41 $3.41 $3.41 $6.41 $6.41 $2.94 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii$2i;i94 $12.52 $12.52 $10.15 $3.35 $10.15 $3.35 $0.87 $0.87 OD UM EA EA BX BX BX BX BX BX EA EA EA EA EA EA 4PK EA 2PK EA EA EA EA EA EA ST EA ST ST ST EA EA EA BX EA EA EA EA ST BX ST ST BX BX BX EA BG EA ST EA EA EA DZ EA EA EA EA EA $1.81 $0.25 $0.25 $0.51 $0.51 $4.74 Page 9 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PURCHASES ss LN NO 5O5 5O6 5O7 5O8 5O9 510 511 512 513 514 515 516 517 518 519 52O 521 522 523 524 525 526 527 528 529 53O 531 532 533 534 535 536 537 538 539 54O 541 542 543 544 545 546 547 548 549 55O 551 552 553 554 555 556 557 558 559 56O Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description STAPLER,DESK, FULL STRP,BK STAPLER,DESK, FULL STRP,BK STAPLE, HVY DTY, 1/2" STAPLE, HVY DTY, 1/4",SF39 CAL HLDR,MESH,BK WASTE BS KT, RECT, 13QT, PY WAST E BS KT, R ECT,28QT, BK FILE,WALL,STRTR,BK FI LE,WALL,STRTR/O RG NZ, BK PCL CUP,BK SORTER,STEP,200C,BK SHELF,OFF SRFC,BK PAD, MSG, I M P NT,4.25X5.5,CY PAD, MSG, I M P NT,4.25X5.5, PK BOOK,VM,MSG PAD,LGL RL,PRISM,5XS,OD PAD,LGL RL,LTR,3HL,CY PAD,LGL RL,PERF,LTR,CY PAD,LGL RL,RCY,5XS,WE CALC, PRT, DS PLY, 12 DGT CALC, DESK, DS PLY, 12 DGT CAL,DESK PD,WLDLFE,17X22 CAL,DESK PD,17X22,FLORAL ORGNZ,WALL,CMPNT KT PPR,VELLUM,67#,LTR,WE BNDR,3RG,LH,LTR,I",BK BNDR,DRNG,LTR,1.5",RD BNDR,DRNG,LH,LTR,5",GN IN DEX, M U LTIDEX,A-Z,AST H I LITE R,ZAZZLE, BRT, 10ST * 21011 1X6 NAMEPLATE CAL,RFL,DESK, 12MO,3.5"X6" CAL, DESK/WALL, RCY, MO, BK STAPLER,DESK, HLF STRP,CE RUBRBAND,ADV,#14,1 LB LBL,RND,1/4,AST,760 LBL,LASR,1X2-5/8,FAST,450 LBL,INKJT, 1X2-5/8,WE TAB,INS,HANG FLDR,1/3,1C MRKR,MRKSALOT,REG,BK MRKR,PERM,DUAL SHARP,4ST PCL,MECH,E-GRIP,BBY BOOK, RECD,150PG,BK IN D EX,XWD E, LTR,C L,STB P LAS BAN D, PO LY,2-1/8",2C P LAS BAN D, PO LY,4.25", 1C PEN,ROLR,GEL,INTNSTY, BE PEN,ROLR,GEL,GRIP,BK BUS CRD HLDR,LTR,3R,10ST PROT,SHT,TL,LTR,AST,50 PEN RFL,SLCTP,JMBO,MED,BE BUS CRD HLDR,PLAS,BK ORGNZ,HANG FDR,LTR/LGL,EY TRAY,W/RISER, LTR, B K,2ST ORGNZ,W/DRW,6X6,CL PRINT CTRG,STY440/640/740 Order Ship Item ID Freq Qty CEX UM SWI74701 1 1 EA swi767Ol 1 1 EA SWI79382 1 1 1 M BX swi79384 1 1 1 M BX TEN15261 1 1 EA TEN16003 1 1 EA TEN16021 1 1 EA TEN20309 1 1 ST TEN20329 1 1 ST TEN24061 1 1 EA TEN69016 1 1 EA TEN69018 1 1 EA TOP3002C 1 1 DZ TOP3002P 1 1 DZ TOP44160 1 1 EA TOP63040 1 1 DZ TOP63387 1 1 6PK TOP63400 1 1 DZ TOP74830 1 1 DZ VCT01225 1 1 EA VCT12003 1 1 EA v1089300 1 1 EA w089805 1 1 EA VIOA162 1 1 EA WAU82211 1 1 PK WLJ36814NHB 1 1 EA WLJ38334R 1 1 EA WLJ38450G 1 1 EA WLJ90203 1 1 ST ZEB71110 1 1 10ST AAASTAMPRUB 1 2 LT AAGE01750 1 2 EA AAGSK24R00 1 2 EA ACE03024 1 2 EA ALL26145 1 2 BX AVE05795 1 2 P K AVE05979 1 2 P K AVE08250 1 2 PK AVE11137 1 2 PK AVE24458 1 2 EA AVE29649 1 2 4ST AVE49576 1 2 EA AVE56211 1 2 EA AVEEW2138C 1 2 ST BAUSF5000 1 2 BX BAUSF6000 1 2 BX BICRN11BE 1 2 EA BICRN11BK 1 2 EA CLI61217 1 2 ST CLI62000 1 2 BX CRO85623 1 2 EA ELD02336 1 2 EA ELD16861 1 2 EA ELD29441 1 2 ST ELD29892 1 2 EA EPSS020191 1 2 EA CEX SELL CEX EXTD. PRICE $16.79 $20.39 $2.99 $2.39 $11.64 $4.70 $4.05 $58.34 $1.93 $14.00 $45.20 $2.34 $1.5O $4:031 $10.00 $28.92 $20.64 $10.80 $79.95 $24.29 $10.61 $16.50 $27.50 $8.O4 $2.13 $6.41 $26.88 $3.8O $14.44 $15.00 $2.74 $4.55 $17.81 $2.63 $3.55 $8.79 $10.00 $1.16 $1.11 $6.67 $4.03 $1 s:l 7I $1.68 $1.18 $1.18 $1.64 $14.39 $4.OO $1.3O $9.44 $8.47 $26.14 SELL PRICE SAVINGS% SAVINGS$ $16.79 36.09% $6.06 $20.39 8.34% $1.70 $2.99 57.53% $1.72 $2.39 58.58% $1.40 $11.64 78.18% $9.10 $4.70 58.72% $2.76 $4.05 47.41% $1.92 $24.93 -21.34% -$5.32 $58.34 35.89% $20.94 $1.93 10.36% $0.20 $14.00 49.71% $6.96 $45.20 60.29% $27.25 $2.34 43.16% $1.01 $1.50 9.33% $0.14 $4.03 -2.23% -$0.09 $10.00 35.10% $3.51 $28.92 69.57% $20.12 $20.64 38.32% $7.91 $10.80 41.11% $4.44 $79.95 45.00% $35.98 $24.29 27.34% $6.64 $10.61 1.04% $0.11 $16.50 36.36% $6.00 $27.50 55.42% $15.24 $8.04 45.02% $3.62 $2.13 8.45% $0.18 $6.41 47.89% $3.07 $26.88 29.39% $7.90 $3.80 24.21% $0.92 $14.44 43.21% $6.24 $30.00 0.00% $0.00 $5.48 7.66% $0.42 $9.10 38.24% $3.48 $35.62 32.23% $11.48 $5.26 38.40% $2.02 $7.10 8.45% $0.60 $17.58 11.72% $2.06 $20.00 17.60% $3.52 $2.32 8.62% $0.20 $2.22 54.05% $1.20 $13.34 30.43% $4.06 $8.06 32.01% $2.58 $30.34 -64.27% -$19.50 $3.36 8.33% $0.28 $10.06 -6.56% -$0.66 $12.80 -11.88% -$1.52 $2.36 46.61% $1.10 $2.36 46.61% $1.10 $3.28 21.34% $0.70 $28.78 49.34% $14.20 $8.00 10.00% $0.80 $2.60 65.38% $1.70 $18.88 1.27% $0.24 $24.08 -40.12% -$9.66 $16.94 44.27% $7.50 $52.28 17.64% $9.22 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $30.25 $30.25 $12.73 $12;73 $6.36 $6;36 $43.97 $43;97 $17.65 $17;65 $10.50 $10;50 $10.50 $10;50 $12.26 $12;26 $4.42 $4;42 $1.95 $1;95 $3.34 $3;34 $18.98 $18;98 $2.88 $2;88 $8.20 $8;20 $30.00 $15;00 $5.06 $2;53 $5.62 $2;81 $24.14 $12;07 $3.24 $1;62 $6.50 $3;25 $15.52 $7;76 $16.48 $8;24 $2.12 $1;06 $1.02 $0;51 $9.28 $4;64 $5.48 $2;74 $49.84 $24.92 $3.081 $1:s41 $10.72 $5.36 $14.32 $7.16 $33.74 $16.87 OD UM EA EA 5MBX * $6.320 5MBX * $4.94O EA EA EA 3PK 3PK EA EA EA DZ DZ EA DZ DZ * $17.60 DZ DZ EA EA EA EA EA PK EA EA EA ST 5ST * $4.10 LT EA EA EA BX BX PK PK PK DZ * $6.13 5ST * $5.8O EA EA ST BX BX 6PK * $3.75 6PK * $3.75 10PK 50BX EA EA EA ST EA EA Page 10 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES ss LN NO 561 562 563 564 565 566 567 568 569 57O 571 572 573 574 575 576 577 578 579 58O 581 582 583 584 585 586 587 588 589 59O 591 592 593 594 595 596 597 598 599 6OO 601 6O2 6O3 6O4 6O5 6O6 6O7 608 6O9 610 611 612 613 614 615 616 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description FI LE, BOX, ECON, PO RT,STG BNDR,DRNG,VU,1.5",WE FLDR, HANG, LTR, N/TAB, G N ,25 BNDR,3RG,VU,1.5",RBE BNDR,VU,ECON,1.5",WE BNDR,VU,VYL, 1.5,RD TAPE,SEAL,2"X55YD,CL PEN,BLPT,STK, MED,BK PEN,BLPT,STK, MED,RD PPR,CPY,20#,LTR,BF PPR,CPY,20#,LTR,IY STAN D, BOOK,WI RE, FOLD BUS CRD FILE,ESS×,LEA, BK TONER CTRG,HP14,CP1160 TONER CTRG,HP14,CP1160 SR PRINT CTRG,DJ810C/812C,BK TONER CTRG,INKJT,BK TONER CTRG,INKJT,TRICLR STAPLER,STN DU P,U LT,BE RACK, SVERT,LTR,BK BOOKEND,WNG BK,TXTRD,BK PEN, B LPT,C NTR,C HAl N, BK PEN, B LPT,C NTR,C HAl N, BE TAPE,SEAL,W/DSPR,TN MEMO CUBE,POSTIT,SOFT MEMO CUBE,POSTIT,BRITE GLUE STICK,.45OZ,PE PAD, POSTIT,4X6, NAST,3 P K NOTE, PG M RKR, .5X2, UAST,5 P K POSTIT CUBE,DSGNR,690SH FLAG ,TAPE, POSTIT,AR ROW TAPE, FI LA, BU LK,3/4"X60YD POSTIT DSPR,3×3,SMPL,CL PAD, POSTIT,3X3, NAST,6 P K BOOKEN D,NON-SLIP,5",BK PEN,BLPT,STK, FN,BE CORR PEN,LIQ PPR,WE CORR FLUID,MLTPURP,WE MRKR,PORUS PT,BLD,BE MRKR,PORUS PT,BLD,RD MRKR,PORUS PT,BOLD,BK MRKR,PORUS PT,BLD,GN PCL,MECH,.5MM,ICY,VT PEN,BLPT,RSVP,MED,SK PEN,BLPT,RSVP,MED,BE PEN,BLPT,RSVP,MED,GN PEN,BLPT,RSVP,MED,OR PEN,BLPT,RZL-DZL,M ED,PK PEN,BLPT,RZL-DZL,M ED,VT LEAD,MECH PCL,2H,.5MM,12 ERASER,STICK, CLIC,BE H I LITER,SPOTLITR,SPRM E, PK H ILITER,SPOTLITR,SPRME,OR PEN,BLPT,EASYTCH,M ED,BK PEN,BLPT,ESYTCH,M ED,RD PEN,BLPT,DR GRIP,MED,PE Order Ship Item ID Freq Qty CEX UM ESS20862 1 2 EA ESS23504 1 2 EA ESS4152 1 2 BX ESSRV112RB 1 2 EA ESSRV112WE 1 2 EA EXP00075 1 2 EA EXP40039 1 2 RL EXP50030 1 2 EA EXP50032 1 2 EA EXP8511BUF 1 2 RM EXP85111VO 1 2 RM FELl0024 1 2 EA HAZ46011 1 2 EA H EWC5010AN 1 2 EA HEWC5011AN 1 2 EA HEWC6615DN 1 2 EA HEWC6656AN 1 2 EA HEWC6657AN 1 2 EA HUN73097 1 2 EA LIT8VBK 1 2 EA MJM24177110 1 2 PR MJM52554 1 2 EA MJM52558 1 2 EA MMM143 1 2 RL MMM2018 1 2 PD MMM2027 1 2 PD MMM6115 1 2 EA MMM6603AN 1 2 PK MMM6705AU 1 2 PK MMM678BF 1 2 PD MMM684ARR4 1 2 EA MMM89334 1 2 RL MMMC301S 1 2 EA MMMR330AN 1 2 PK 01c93001 1 2 PR PAP33611 1 2 DZ PAP56201 1 2 EA PAP56301 1 2 EA PAP86111 1 2 EA PAP86211 1 2 EA PAP86311 1 2 EA PAP86411 1 2 EA PENAL25TV 1 2 EA PENBK91RDAA 1 2 EA PENBK91RDCA 1 2 EA PENBK91RDDA 1 2 EA PENBK91RDFA 1 2 EA PENBK91RDPA 1 2 EA PENBK91RDVA 1 2 EA PENC5052H 1 2 TB PENZE21C 1 2 EA PILl6005 1 2 EA PILl6009 1 2 EA PIL32010 1 2 EA PIL32012 1 2 EA PIL36144 1 2 EA CEX SELL CEX EXTD. PRICE $11.43 $8.33 $10.82 $5.83 $4.59 $1.03 $0.63 $0.63 $6.72 $6.72 $3.87 $17.96 $30.99 $25.99 $31.07 $24.05 $39.99 $21.50 $26.10 $7.17 $2.10 $2.8O $2.8O $1.42 $6.89 $5.63 $12.66 $3.84 $5.44 $0.00 $6.74 $2:801 $1.05 sl :20I $0.84 $0.81 $0.81 $0.81 $0.81 $1.41 $O.6O $O.6O $0.97 $0.97 $0.97 $O.6O $O.84 $0.59 $0.59 $8.27 SELL PRICE SAVINGS% SAVINGS$ $22.86 42.69% $9.76 $16.66 18.73% $3.12 $21.64 30.50% $6.60 $11.66 34.82% $4.06 $3.98 -30.65% -$1.22 $9.18 17.21% $1.58 $2.06 52.43% $1.08 $1.26 88.89% $1.12 $1.26 88.25% $1.11 $13.44 50.15% $6.74 $13.44 50.15% $6.74 $7.74 24.55% $1.90 $35.92 31.01% $11.14 $61.98 24.69% $15.30 $51.98 24.66% $12.82 $62.14 18.44% $11.46 $48.10 24.70% $11.88 $79.98 24.71% $19.76 $43.00 43.86% $18.86 $52.20 13.60% $7.10 $14.34 25.24% $3.62 $4.20 8.10% $0.34 $5.60 31.07% $1.74 $5.60 42.50% $2.38 $5.10 -32.16% -$1.64 $5.10 -32.16% -$1.64 $2.84 83.10% $2.36 $13.78 23.66% $3.26 $11.26 52.93% $5.96 $25.32 44.00% $11.14 $7.68 44.01% $3.38 $10.88 36.40% $3.96 $0.00 0.00% $0.00 $13.48 23.59% $3.18 $5.60 -8.21% -$0.46 $2.10 5.71% $0.12 $2.40 -15.83% -$0.38 $1.68 5.95% $0.10 $1.62 82.72% $1.34 $1.62 82.72% $1.34 $1.62 82.72% $1.34 $1.62 3.70% $0.06 $2.82 41.13% $1.16 $1.20 10.00% $0.12 $1.20 10.00% $0.12 $1.94 14.43% $0.28 $1.94 14.43% $0.28 $1.94 14.43% $0.28 $1.20 10.00% $0.12 $1.68 34.52% $0.58 $1.18 -77.97% -$0.92 $1.48 -14.86% -$0.22 $1.48 -14.86% -$0.22 $1.18 8.47% $0.10 $1.18 35.59% $0.42 $16.54 49.82% $8.24 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $6.74 $3.37 $6.74 $3.37 $0.00 $0.00 $6.06 $3.03 $2.78 $1.39 $2.10 $1.05 $1.7O $O.85 $1.7O $O.85 OD UM EA EA BX EA EA EA 6PK * $2.91 DZ * $0.89 DZ * $0.87 RM RM EA EA EA EA EA EA EA EA EA PR EA EA RL EA EA 4PK * $0.95 3PK PK EA 4PK RL EA PK PR DZ EA EA DZ * $1.66 DZ * $1.66 DZ * $1.66 DZ * $9.360 3PK * $2.48 EA EA DZ * $9.90 DZ * $9.90 DZ * $9.90 6PK * $3.23 TB EA DZ * $10.16 DZ * $10.16 EA DZ * $4.52 EA Page 11 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES SS LN NO 617 618 619 62O 621 622 623 624 625 626 627 628 629 63O 631 632 633 634 635 636 637 638 639 64O 641 642 643 644 645 646 647 648 649 65O 651 652 653 654 655 656 657 658 659 66O 661 662 663 664 665 666 667 668 669 67O 671 672 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description BOARD,DRY ERS,2'X3',AL E NVL,¢I 0,24¢, PRKRG ,WE,5C ENVL,CAT,28¢,9.5X12.5,RDS E NVL,CAT,28¢, 10X13, R E DSTP ENVL,FC,28¢,9X12,WE,1C ENVL,IN DPT,TIE, 10X13,1C PCL,WD,¢2,EAGLE,YW HILITER,LIQ ACNT,PE MRKR,SHARPIE,TWN TP,BE M RKR,CHSL,SHARPI E,4/S ET PEN RFL,GEL,IMPCT,GD PEN,GEL,UNI,MTLC,BZ PEN,GEL,UNI,MTLC,VT PEN,GEL,UNI,MTLC,PK PEN,UNIBLL,GEL, 1MM,SEGN PEN,UNIBALL,GEL, 1.0MM,CPK ERASER,MECH PCL,ZEZE,5TB MRKR,DRY ERS,ORGNZ,6ST MRKR,EXPO,DRY ERS,4ST FORM H LDR,W/CALC,8.5"X12" FILE JACKET,LTR,SLSH,AST FLDR,HANG,LTR,1/5,GN,25 FLDR,HANG,LTR,1/5,RD,25 TAB,INS,1/3,BLANK FILE,EXP,A-Z,21PKT,LTR FRAME,HANG FLDR,LTR,STL STAPLE,HIGH CAP,F/77701 PAD,LGL RL,PRISM,5XS,BE P P R,ASTRO,24¢, LTR, PLPE BN DR,STG,8.5"X11 ",GN BNDR,3RG,LTR,1.5",WE BNDR,DRNG,LH,LTR,5",GY BOOK,APPT, DY,8"X5", BK CAL,DESK PAD RFL, 12MO GLUE STICK,.26OZ NTBK,WB,NR,7.75"X5" BADGE HLDR,HORZ PEN,BLPT,RND STK, MED,BK PEN,BLPT,STK, MED,GN PEN,BLPT,STK, MED,RD PEN,BLPT,CUSHN,STK, MED,BE PEN,BLPT,CUSHN,STK, MED,BK MRKR,HILITER,DUAL END RIBN,TW,CORR,AX300 SER SPONGE,SOS,HVY DTY,3PK BASKET,SHF SAVR,WIRE,LG CVR,REP,RDY CLIP,30PG,BK BOOK, P R ES,24 P KT, BK ADD ROLL,2.25"X150',WE PEN,BLPT,STK, FN,BE WIPE,M LTPU RP,70EA/TU B CD PROT,3RG SHT,2CAP,CL TONER CTRG,HP4000,10M PPR,PHOTO,LTR,PREM,50/BX CLEAN ER, D U ST/LI NT, F/22260 MOISTENER'FNGRTIP Order Ship Item ID Freq Qty CEX UM QRTS533 1 2 EA QUA21330 1 2 BX QUA44682 1 2 BX QUA44782 1 2 BX QUA54182 1 2 BX QUA63563 1 2 BX SAN22414 1 2 DZ SAN24408 1 2 EA SAN32003 1 2 EA SAN38274 1 2 ST SAN60659 1 2 EA SAN63618 1 2 EA SAN63619 1 2 EA SAN63620 1 2 EA SAN64417 1 2 EA SAN64418 1 2 EA SAN64881 1 2 TB SAN83056 1 2 ST SAN83074 1 2 ST SAU 11 O25 1 2 EA SMD3825SSA 1 2 PK SMDC15H 1 2 BX SMDC15HR 1 2 BX SMDCH35 1 2 PK SMDK117A 1 2 EA SMDR672 1 2 BX sw~35550 1 2 BX TOP63020 1 2 DZ WAU22671 1 2 RM WLJ27826 1 2 EA WLJ36834NW 1 2 EA WLJ38450M 1 2 EA AAGG10000 1 3 EA AAGSK2250 1 3 EA AVE00166 1 3 EA AVE33002 1 3 EA BAU67810 1 3 PK BICGSMG 11BK 1 3 DZ BICGSMG11GN 1 3 DZ BICGSMG 11 RD 1 3 DZ BICSGSM 11 BE 1 3 EA BICSGSM 11BK 1 3 EA BIN766705 1 3 EA BRT1030 1 3 EA cxs91029 1 3 3PK ELD29886 1 3 EA ESS52006 1 3 EA ESS62406 1 3 EA EXP20212 1 3 RL EXP50014 1 3 DZ FALDCMT 1 3 EA FEL95304 1 3 PK HEWC4127X 1 3 EA HEWC6979A 1 3 BX KMW22270 1 3 EA LEE10134 1 3 EA CEX SELL CEX EXTD. PRICE $28.50 $18.90 $19.53 $32.49 $29.91 ] $1.73 $1.91 $5.91 $1 .O7 $2.67 $2.67 $2.67 $2.67 $2.67 $0.66 $38.17 ] $s:74I $11.43 $11.58 $1.37 $6.55 $7.O5 $2.99 $10.00 $11.97 $29.23 $3.28 $26.88 $9.65 $4.14 $3.14 $3.53 $3.53 $0.39 $0.39 $1.94 $5.84 $3.43 $11.51 $2.38 $10.24 $O.35 $0.99 $6.31 $9.97 $139.20 $24.84 $7.17 $2.99 SELL PRICE SAVINGS% SAVINGS$ $57.00 23.72% $13.52 $55.98 -26.37% -$14.76 $37.80 42.22% $15.96 $39.06 51.10% $19.96 $64.98 66.51% $43.22 $59.82 30.66% $18.34 $1.14 -31.58% -$0.36 $3.46 50.87% $1.76 $3.82 39.27% $1.50 $11.82 39.59% $4.68 $2.14 23.36% $0.50 $5.34 35.96% $1.92 $5.34 35.96% $1.92 $5.34 35.96% $1.92 $5.34 38.58% $2.06 $5.34 38.58% $2.06 $1.32 7.58% $0.10 $11.14 -10.95% -$1.22 $5.80 -11.03% -$0.64 $76.34 64.34% $49.12 $11.48 -42.51% -$4.88 $22.86 63.60% $14.54 $23.16 38.34% $8.88 $2.74 42.34% $1.16 $13.10 8.24% $1.08 $14.10 33.62% $4.74 $5.98 8.36% $0.50 $20.00 35.10% $7.02 $23.94 32.16% $7.70 $58.46 38.93% $22.76 $6.56 8.23% $0.54 $53.76 8.33% $4.48 $28.95 30.88% $8.94 $19.23 -50.08% -$9.63 $0.99 -6.06% -$0.06 $4.59 0.00% $0.00 $12.42 37.92% $4.71 $9.42 49.68% $4.68 $10.59 55.24% $5.85 $10.59 55.24% $5.85 $1.17 30.77% $0.36 $1.17 30.77% $0.36 $5.82 52.06% $3.03 $17.52 34.25% $6.00 $10.29 41.40% $4.26 $34.53 44.22% $15.27 $7.14 67.65% $4.83 $30.72 39.26% $12.06 $1.05 34.29% $0.36 $2.97 10.10% $0.30 $18.93 39.46% $7.47 $29.91 38.31% $11.46 $417.60 26.11% $109.02 $74.52 24.76% $18.45 $21.51 13.11% $2.82 $8.97 61.54% $5.52 OFFICE DEPOT OFFICE DEPOT EXTD SELL SELL PRICE PRICE (CEX UM) (CEX UM) $43.481 $2~:74I $70.74 $35.37 $12.36 $6.18 $6.44 $3.22 $16.36 $8.18 $28.86 $9.62 $1.05 $0.35 SELL PRICE (OD UM UM WHERE OD UM DIFF DIFF) EA BX BX BX BX BX 72PK * $4.48 DZ * $10.16 EA 4PK 2PK * $1.64 5PK * $8.56 5PK * $8.56 5PK * $8.56 EA EA TB ST ST EA PK BX BX PK EA PK BX DZ RM EA EA EA EA EA EA EA PK DZ DZ DZ DZ * $3.25 DZ * $3.25 EA EA 6PK * $4.O8 EA 5PK * $3.87 EA EA DZ PK PK EA PK 6PK * $37.37 2PK * $2.29 Page 12 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PURCHASES SS LN NO 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 69O 691 692 693 694 695 696 697 698 699 7OO 701 7O2 7O3 7O4 7O5 7O6 7O7 7O8 7O9 710 711 712 713 714 715 716 717 718 719 72O 721 722 723 724 725 726 727 728 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description NOTE, PG M RKR, .5X2, NAST,5 P K TAPE,CUBICLE GRIP,REM,SQ CALC INK ROLLER,BK TRAY, LTR,BK PEN RFL,BLPT,MED,BK PEN,BLPT,GZMO,MED,BYBK PEN,BLPT,GZMO,MED,BEBK PEN, B LPT,GZM O, M E D,VTB K PEN,BLPT,RZL-DZL,M ED,BE PEN,BLPT,RZL-DZL,M ED,PK PEN,BLPT,RZL-DZL,M ED,VT PCL,MECH,.7MM,SHRP,BE PEN RFL,G2,FN,BK,2PK E NVL,CS P,24#,9X12, PRKDG PC L,WD,#2 ,WARRIOR, BK MRKR,SHARPIE,ULTRAFN,BK PEN RFL,SILHTE,MED,BK MRKR,PAINT,MED,BK MRKR,PAINT,MED,YW BNDR,DRNG,LTR,4",BK PEN,ROLR,JIMNIE,GEL,BE PEN,ROLR,JIMNIE,GEL,RD 17808 4X8 NAMEPLATE PPR CLIP,NSKD,#1,1C PPR CLIP,1.75",JUMBO,GD PPR,CLI P,#2,G D, 1C/PK RU BRBAN D,AST SZS, 1.5OZ BOO K,WYWO,2 PT, NCR,4U P,4C IN D EX,TAB, 1/3X1.5,CL,25PK IN DEX, BN DR,LTR,AST,8TB IN DEX, BN DR,LTR,WE,5TB, 1ST TAPE,EM BS, 1/2",BK/CL,2PK PROT,SHT,TL,LTR,8TB,AST BNDR,DRNG,LTR,5",MN I NDEX, 1STEP,LTR,AST, 10TB FLDR,MLA, 1/2,LTR,1C BN DR,VU,3RG,LTR,3",WE INDEX,SD TAB,LTR,1-25 BNDR,3RG,LTR,2",BE BN DR,3RG,LH,LTR,3",BE FI LE,STG, 10.5X4.25X24 FI LE,STG, 9X4.5X24 FILE,STG,LTR/LGL,RD DISK,ZIP,IBM M O U S E PAD, FSTTR K, RD TAP E,S EAL,48 M MX50M ,CL GLUE STICK,.25OZ,WE PAD, POSTIT, 1.5X2,AST, 12 PAD, POSTIT,2X3,AST, 12 P K PAD, POSTIT, R LD,4X6, P K FLAG ,TAPE, POSTIT, PE,50 PEN,ROLR,ENERGEL,.5MM,BK LEAD,MECH PCL,HB,.5MM,12 PEN,ROLR,DLX, BOLD,BK PEN, RO LR,VBALL,G R P,XF N, BK E NVL,TYVK, PLN ,9X12,1C Order Ship Item ID Freq Qty CEX UM MMM6705AN 1 3 PK MMM858 1 3 PK NUKNR74 1 3 EA 01c21002 1 3 EA PAR30316 1 3 EA PENBK31BAA 1 3 EA PENBK31CAA 1 3 EA PENBK31VAA 1 3 EA PENBK92RDCA 1 3 EA PENBK92RDPA 1 3 EA PENBK92RDVA 1 3 EA PENP207C 1 3 EA PIL77240 1 3 PK QUA43090 1 3 BX SAN02254 1 3 DZ SAN37001 1 3 EA SAN51411 1 3 EA SAN63601 1 3 EA SAN63605 1 3 EA WLJ38354B 1 3 EA ZEB44120 1 3 EA ZEB44130 1 3 EA AAASTAMPRUB 1 4 LT ACC72370 1 4 BX ACC72532 1 4 PK ACC72533 1 4 PK ALL07706 1 4 BX AMP23024 1 4 EA AVES151 1 4 PK AVEWI2138 1 4 ST AVEWT2135 1 4 ST BRTTC10 1 4 PK cu05580 1 4 ST CRD11957 1 4 EA CRD61018 1 4 ST ESS75212F 1 4 BX EXP00080 1 4 EA EXP10034 1 4 ST EXP60033 1 4 EA EXP60038 1 4 EA FEL00005 1 4 EA FEL00007 1 4 EA FEL07242 1 4 EA FUJ25271001 1 4 EA KCS811 O8 1 4 EA MAN07567 1 4 RL MMM6008 1 4 EA MMM653A 1 4 PK MMM656A 1 4 PK MMM660PK 1 4 PD MMM6808 1 4 EA PENBLN15A 1 4 EA PENC505HB 1 4 TB PIL28031 1 4 EA PIL35470 1 4 EA QUAR1460 1 4 BX CEX SELL CEX EXTD. PRICE $3.55 $2.41 $2.85 $1.90 $1.90 $1.9O $1.47 $1.47 $O.9O $3.42 $1.97 $0.69 $1.46 $2.87 $2.87 $11.33 $O.95 $O.95 $52.30 i $o:1~1 $0.75 $0.52 $1.18 $7.53 $3.21 $1.46 $0.81 I $18:Oll $3.68 $37.03 $3.06 $14.09 $7.75 $6.12 $9.89 $7.75 $4.17 $11.99 $7.87 $1.29 $0.96 $4.70 $8.13 $1.86 $2.10 $1.49 $2.29 $36.90 SELL PRICE SAVINGS% SAVINGS$ $10.65 25.35% $2.70 $7.23 7.88% $0.57 $8.55 26.32% $2.25 $4.68 -0.64% -$0.03 $5.46 -1.10% -$0.06 $5.70 40.00% $2.28 $5.70 40.00% $2.28 $5.70 40.00% $2.28 $4.41 63.27% $2.79 $4.41 63.27% $2.79 $2.70 40.00% $1.08 $10.26 38.89% $3.99 $5.91 39.09% $2.31 $38.79 -63.57% -$24.66 $3.24 -27.78% -$0.90 $2.07 21.74% $0.45 $4.38 37.67% $1.65 $8.61 19.86% $1.71 $8.61 19.86% $1.71 $33.99 38.31% $13.02 $2.85 8.42% $0.24 $2.85 8.42% $0.24 $209.20 0.00% $0.00 $0.64 -131.25% -$0.84 $3.00 8.00% $0.24 $2.08 7.69% $0.16 $4.72 35.59% $1.68 $30.12 52.46% $15.80 $12.84 38.32% $4.92 $5.84 21.92% $1.28 $3.24 25.93% $0.84 $72.04 -9.88% -$7.12 $14.72 1.63% $0.24 $148.12 33.46% $49.56 $12.24 25.16% $3.08 $56.36 59.26% $33.40 $31.00 42.19% $13.08 $19.44 -1.85% -$0.36 $7.92 -22.22% -$1.76 $24.48 29.90% $7.32 $39.56 25.58% $10.12 $31.00 8.26% $2.56 $16.68 38.37% $6.40 $47.96 24.35% $11.68 $31.48 65.44% $20.60 $5.16 62.02% $3.20 $3.84 66.67% $2.56 $18.80 23.62% $4.44 $32.52 23.62% $7.68 $7.44 14.52% $1.08 $4.24 -19.81% -$0.84 $8.40 43.81% $3.68 $1.48 -48.65% -$0.72 $5.96 24.83% $1.48 $9.16 40.17% $3.68 $147.60 41.71% $61.56 OFFICE DEPOT OFFICE DEPOT EXTD SELL SELL PRICE PRICE (CEX UM) (CEX UM) $7.95 $2;65 $6.66 $2i22 $6.30 $2:10 $4.71 $1.57 $5.52 $1.84 $63.45 $4.14 $21.15 $1.38 $0.37 $1.48 $79.16 $19.79 $19.80 $4.95 $9.68 $2.42 $5.08 $1.27 $2.20 $0.55 SELL PRICE (OD UM UM WHERE OD UM DIFF DIFF) PK 35PK 2PK * $4.19 EA EA DZ * $13.66 DZ * $13.66 DZ * $13.66 6PK * $3.23 6PK * $3.23 6PK * $3.23 EA 2PK BX DZ DZ * $6.49 2PK * $1.81 DZ * $27.65 DZ * $27.65 EA DZ * $1 O.49 DZ * $1 O.49 LT BX PK PK EA EA PK ST ST PK ST EA ST BX EA ST EA EA EA EA EA 3PK * $27.2O EA 6PK * $2.91 EA PK DZ EA 2PK * $2.54 DZ * $14.19 3PK * $1.65O DZ * $13.41 DZ * $16.43 BX Page 13 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES ss LN NO 729 73O 731 732 733 734 735 736 737 738 739 74O 741 742 743 744 745 746 747 748 749 75O 751 752 753 754 755 756 757 758 759 76O 761 762 763 764 765 766 767 768 769 77O 771 772 773 774 775 776 777 778 779 78O 781 782 783 784 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description E NVL,S H I P LIT,9X12,1C CLEAN ER, PHON E,WI P E,50TU B FORM HLDR,8.5"X12",AL FLDR,DT,MLA, 1/3,LTR TAB,HANG FLDR,1/3,OR,25 TAB, HANG FLDR, 1/3,YW,25 FLDR,HANG,LTR,1/5,BE,25 DESK PAD,DODL,22X17,OD BNDR,DRNG,LH,LTR,3",DBE BNDR,DRNG,LH,LTR,4",RD INDEX, MULTIDEX, BKWE,12TB BN DR, DRNG,VU, LTR,2",WE BN DR, DRNG,VU, LTR,3",WE FLDR,MLA, 1/3,LTR,1C BNDR,3RG,LTR,1.5",BE BINDING,PLAS,1.5",BK, 10 STAPLE,STD SIZE,5M BN DR,VU,3RG,LTR,3",BK NTBK,WB,PRJ PLANR REINFORCMNT,9/16,CL,1M NTBK,WB,CM,11"X8.5" BNDR,SLTRG,LTR,3",BK BNDR,SLTRG,LTR,4",BK BNDR,DRNG,LTR,1.5",NY CLIP BOAR D, 10"X14.5,STG ,GY PPR,1PT,20#,14.SX11,BB PEN,BLPT,STK, MED,BE DISK, 3.5",DSHD,FRMT TAPE,AUDIO,XLII,90MIN TAPE,MAGIC,3/4"X1000" RIBN,LO,IBM WHLWTR RIBN,CALC,NYL,BK/RD PEN,BLPT,FLXGRP,RET,MD,BK PEN RFL,BLPT,FN,BE PEN RFL,ROLR,GEL,FN,BK,2P PEN,BLPT,RZL-DZL,M ED,SK PCL,M ECH,.7M M,T/CLICK, GN PCL,MECH,.7MM,T/CLICK,VT ERASER,MECH PCL,PD345,5TB CORR PEN,FN,.4OZ,WE H ILITER,SPOTLITR,SPRME,YW PEN,BLPT,RET,MED,RD PPR, FAX,8.5"X98'X.5" FI L E,WAL L, STAK, BK MRKR,PERM,XFN,AST PEN,UNIBALL,VIS,.3MM,BE PEN RFL,UNIBALL,BK,2CD PEN RFL,UNIBALL,BEBK,2CD PEN,UNIBALL,GEL, 1.0MM,BK STAPLE, FULL STRP, 1/4",5M CORR TAPE,I-LINE,WE BNDR,DRNG,LH,LTR,4",BY BN DR,DRNG,LH,LTR,4",GY BN DR, DRNG,VU, LTR,3",WE CAL,DESK PD,12MO,BK BNDR,DRNG,LH,LTR,1.5",RD Order Ship Item ID Freq Qty CEX UM QUAS3610 1 4 BX RRTRR1403 1 4 EA SAU10517 1 4 EA SMD2153L 1 4 BX SMD64621 1 4 PK SMD64624 1 4 PK SMDC15HBE 1 4 BX TOP7957 1 4 EA WLJ38449BL 1 4 EA WLJ38454R 1 4 EA WLJ91201 1 4 ST CRD10500 1 5 EA CRD10600 1 5 EA ESS75213 1 5 BX EXP60028 1 5 EA G BC4290010 1 5 10PK sw~35108 1 5 BX WLJ36249B 1 5 EA AMP20816 1 6 EA AVE05722 1 6 P K AVE33706 1 6 EA AVESR 1130BK 1 6 EA AVESR1140BK 1 6 EA CRDl1447 1 6 EA ELD10764 1 6 EA EXP00040 1 6 2600CT EXP50011 1 6 DZ IMN12881 1 6 BX MAX139410 1 6 EA MMM8101K 1 6 RL NUK192LT 1 6 EA NUKBR80C 1 6 EA PAP95301 1 6 EA PAR30325 1 6 EA PAR30525 1 6 PK PENBK92RDAA 1 6 EA PENPD107TD 1 6 EA PENPD107TV 1 6 EA PENPDE1 1 6 TB PENZL31W 1 6 EA PILl6008 1 6 EA PIL32222 1 6 EA PMF00012 1 6 RL ROG48706 1 6 EA SAN35074 1 6 ST SAN60134 1 6 EA SAN61233 1 6 CD SAN61234 1 6 CD SAN65870 1 6 EA swi35450 1 6 BX TOM68620 1 6 EA WLJ38454C 1 6 EA WLJ38454M 1 6 EA WLJ38649W 1 6 EA AAGSK2200 1 7 EA WLJ38434R 1 7 EA CEX SELL CEX EXTD. PRICE $24.60 $9.29 $9.55 $3.35 $3.35 i $s:181 $24.17 $11.98 $17.38 $2.81 $10.98 $14.01 [ $3:77[ $2.85 $8.43 $1.49 $7.46 J $4.07 $2.57 $7.63 $12.96 $10.71 $16.69 $55.31 $1.95 $3.OO $2.78 $1.78 $3.30 $2.01 J S0:651 $3.09 $3.89 $1.47 $2.20 $1.50 $0.96 $0.77 $8.57 $5.21 $2.76 $1.59 $2.96 $2.96 $2.91 J S1:62J $2.39 $17.38 $17.38 $10.21 $13.37 $7.83 SELL PRICE SAVINGS% SAVINGS$ $98.40 8.33% $8.20 $37.16 5.60% $2.08 $69.24 -2.77% -$1.92 $38.20 13.72% $5.24 $13.40 48.06% $6.44 $13.40 48.06% $6.44 $20.72 -37.84% -$7.84 $96.68 70.46% $68.12 $47.92 38.31% $18.36 $69.52 8.34% $5.80 $11.24 1.42% $0.16 $54.90 44.63% $24.50 $70.05 41.04% $28.75 $18.85 -18.83% -$3.55 $14.25 29.12% $4.15 $42.15 54.09% $22.80 $7.45 40.27% $3.00 $37.30 39.95% $14.90 $21.24 -8.76% -$1.86 $24.42 11.79% $2.88 $15.42 43.58% $6.72 $45.78 19.00% $8.70 $77.76 46.06% $35.82 $64.26 68.81% $44.22 $100.14 57.82% $57.90 $331.86 47.93% $159.06 $11.70 54.36% $6.36 $18.00 8.33% $1.50 $16.68 79.86% $13.32 $10.68 19.10% $2.04 $19.80 0.91% $0.18 $12.06 29.85% $3.60 $3.90 -21.54% -$0.84 $18.54 40.45% $7.50 $23.34 7.97% $1.86 $8.82 63.27% $5.58 $13.20 37.27% $4.92 $9.00 8.00% $0.72 $5.76 8.33% $0.48 $8.76 -32.19% -$2.82 $4.44 -14.86% -$0.66 $4.62 36.36% $1.68 $51.42 82.50% $42.42 $31.26 8.45% $2.64 $16.56 8.33% $1.38 $9.54 8.18% $0.78 $17.76 39.53% $7.02 $17.76 39.53% $7.02 $17.46 38.49% $6.72 $9.72 -13.58% -$1.32 $14.34 33.05% $4.74 $104.28 8.34% $8.70 $104.28 8.34% $8.70 $61.26 38.39% $23.52 $93.59 5.01% $4.69 $54.81 57.34% $31.43 OFFICE DEPOT EXTD SELL PRICE (CEX UM) SELL PRICE OFFICE DEPOT (OD UM SELL PRICE UM WHERE (CEX UM) DIFF DIFF) $71.16 $17.79 $3 2.96 $8i24 $6.96 $1;74 $6.96 $1;74 $28.56 $7.14 $22.40 $4.48 $23.10 $3.85 $21.54 $3;59 $8.70 $1;45 $3 7.08 $6;18 $41.94 $6;99 $20.04 $3;34 $42.24 $7;04 $172.80 $28;80 $5.34 $0;89 $16.50 $2;75 $3.36 $0;56 $8.64 $1;44 $19.62 $3;27 $8.46 $1;41 $4.74 $0.79 $11.58 $1.93 $5.10 $0.85 $11.04 $1.84 OD UM BX EA EA BX 25PK PK BX EA EA EA ST EA EA BX EA 50PK BX EA EA PK 3PK EA EA EA EA 2500CA DZ BX 5PK 4PK EA 2PK DZ EA 2PK 6PK 3PK 3PK 3PK EA DZ DZ 6BX EA 4PK EA 2PK 2PK DZ BX EA EA EA EA EA EA $19.350 $4.34 $27.69 $2.81 $5.74 $2.81 $9.46 $3.23 $4.13 $4.13 $2.64 * $10.16 * $5.87 * $9.00 * $21.45 Page 14 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U,P, 2002 PURCHASES ss LN NO 785 786 787 788 789 79O 791 792 793 794 795 796 797 798 799 8OO 801 802 8O3 8O4 8O5 806 8O7 808 8O9 810 811 812 813 814 815 816 817 818 819 82O 821 822 823 824 825 826 827 828 829 83O 831 832 833 834 835 836 837 838 Report Year Begin Date 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 1/1/2002 Item Description CVR,REP,PB,11"X8.5",RD PEN,BLPT,STK, MED,BE CASE,BINDING,LTR,HGH,ARCH FRAME,EZ MNT,8.5"X11",WT PEN,BLPT,ESYTCH,M ED,BE BN DR,VU,3RG,LTR,2",WE CDR HLDR,5PK MOISTENER,BOTTLE,20Z PEN,BLPT,ERSRMTE2,MED,RD PEN RFL,STAYPT,BK HILITER,PKT ACCENT,FYW HILITER,PKT ACCENT,FPK H I LITE R, EVE R BO LD, FG N H ILITER,EVERBOLD,OR NTBK,WB,CR,LTR BN DR,VU,3RG,LTR,2",BK IN D EX,TAB, 1.5X1/3,AST PEN,BLPT,CUSHN,RET,MED,RD CLEANER,CLOTH,GY TAPE,MAGIC,3/4"X36YD CORR FLUID,.6OZ,LB PEN,BLPT,COMFTMATE,MED,RD LEAD,MECH PCL,HB,.7MM,12 PEN,ROLR,GEL,RD PEN,ROLR,GEL,VT HILITER,MJR ACNT,YW HILITER,MJR ACNT,FYW HILITER,PKT ACCENT,FYW M RKR, EXP R ESSO,XF N, RD M RKR, EXP R ESSO,XF N, BE PEN,UNIBALL,ONYX,.2MM,BK PEN,U NIBALL,VIS,ELTE,BE PCL,MECH,.5M,EAGEL PEN,UNIBALL,VIS,FPE PEN,UNIBALL,VIS,FPK PAD,LGL RL,PERF,5XS,WE PAD, PLAN N E R,20#,WE,70S H BN DR, DATA, 14.8"X11 ", FSG N BNDR,DATA, 14.8"X11",MGN BN DR, DATA, 14.8"X11 ",SBE BNDR,3RG,LTR,1.5",GN IN D EX,XWD E, LTR,C L,5TB BNDR,3RG,LTR,I",GY BNDR,VU,3RG,LTR,I",WE FLDR, P B,6S EC,2/5, LTR, RD CVR,REP,PRSGD,LTR,HG PEN,BLPT,FLXGRP,RET,FN,BE PEN,BLPT,FLXGRP,RET,FN,BK BNDR,DRNG,LH,LTR,1.5",GN CORD,NECK, NYL,BE FILE PKT,LTR,3.5"EXP PEN,BLPT,CUSHN,RET,MED,BE PEN,BLPT,COMFRTMTE,MED,BK PEN,BLPT,RET,SAGA, M ED,BE Item ID ACC25078 EXP50031 GLWB50H NUD11890 PIL32011 WLJ36244W FEL98315 OIC97800 PAP39201 ROG21016 AVE29591 AVE29592 AVE29594 AVE29595 AVE33986 AVECV1120BK AVES 150 BICSCSM 11 RD FEL99768 MMM81034X36 PAP56601 PAP63201 PEN507HB PENK108MB PENK108MV SAN25005 SAN25025 SAN27025 SAN39002 SAN39003 SAN60040 SAN61232 SAN64611 SAN69008 SAN69009 TOP63360 TOP99710 WLJ141411NE WLJ 141411NG WLJ 141411 NJ WLJ36834NG AVE EW2135C WLJ36814NM WLJ 36214W SMD14079 ESS12717 PAP95601 PAP95801 WLJ38434G BAU68903 SMD1524EB BICSCSM 11 BE PAP61301 SAN79013 Order Ship Freq Qty CEX UM 1 8 EA 1 8 EA 1 8 EA 1 8 EA 1 8 EA 1 8 EA 1 10 PK 1 10 EA 1 10 EA 1 10 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 PK 1 12 EA 1 12 EA 1 12 RL 1 12 EA 1 12 EA 1 12 TB 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 DZ 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 12 EA 1 15 ST 1 15 EA 1 17 EA 1 20 EA 1 22 EA 1 24 EA 1 24 EA 1 26 EA 1 30 EA 1 50 EA 1 72 EA 1 72 EA 1 72 EA CEX SELL CEX EXTD. PRICE $2.05 $0.63 $9.60 $3.30 $O.59 $5.17 $3.70 $1.29 $1.31 $1.83 $1.83 $1.84 $1.83 $1.73 $5.35 $0.53 $5.77 $1.62 $1.60 $O.53 $O.6O $1.53 $1.53 $O.35 $0.65 $2.73 $0.49 $2.46 $2.40 $13.92 $7.51 $4.52 $4.52 $3.28 $1.07 $1.99 $3.34 $2.53 $1.07 $1 .O7 $8.O4 $0.31 $1 .O7 $O.53 $O.28 $0.74 SELL PRICE SAVINGS% SAVINGS$ $16.40 8.29% $1.36 $5.04 88.25% $4.45 $76.80 25.42% $19.52 $26.40 8.18% $2.16 $4.72 8.47% $0.40 $41.36 38.10% $15.76 $37.00 52.97% $19.60 $5.90 -8.47% -$0.50 $12.90 70.54% $9.10 $13.10 18.32% $2.40 $21.96 81.97% $18.00 $21.96 53.55% $11.76 $22.08 53.80% $11.88 $21.96 80.87% $17.76 $20.76 6.36% $1.32 $64.20 40.93% $26.28 $27.84 -9.91% -$2.76 $6.36 32.08% $2.04 $69.24 43.85% $30.36 $19.44 6.79% $1.32 $19.20 28.13% $5.40 $6.36 7.55% $0.48 $7.20 8.33% $0.60 $18.36 52.94% $9.72 $18.36 52.94% $9.72 $4.20 8.57% $0.36 $4.20 -42.86% -$1.80 $4.20 0.00% $0.00 $9.24 -23.38% -$2.16 $9.24 -23.38% -$2.16 $7.80 38.46% $3.00 $32.76 47.62% $15.60 $5.88 61.22% $3.60 $29.52 47.97% $14.16 $28.80 40.83% $11.76 $167.04 38.36% $64.08 $90.12 48.74% $43.92 $20.88 -37.36% -$7.80 $54.24 47.12% $25.56 $54.24 47.12% $25.56 $39.36 8.23% $3.24 $16.05 8.41% $1.35 $29.85 51.26% $15.30 $56.78 41.62% $23.63 $58.20 -3.09% -$1.80 $55.66 57.71% $32.12 $25.68 26.17% $6.72 $25.68 26.17% $6.72 $209.04 23.63% $49.40 $9.30 16.13% $1.50 $53.50 41.12% $22.00 $38.16 32.08% $12.24 $20.16 0.00% $0.00 $53.28 33.78% $18.00 OFFICE DEPOT OFFICE DEPOT EXTD SELL SELL PRICE PRICE (CEX UM) (CEX UM) $6.40 $0.64 $30.60 $2.55 $6.00 $0.50 $4.20 $0.35 $11.40 $0.95 $11.40 $0.95 $28.68 $2.39 $60.00 $3.00 UM OD UM DIFF EA DZ * EA EA EA EA 5PK EA 5PK * EA EA DZ * DZ * DZ * EA EA PK EA EA RL EA EA 3PK * 5PK * 5PK * EA EA DZ * DZ * DZ * DZ * EA DZ * DZ * DZ * DZ EA EA EA EA EA ST EA EA EA EA DZ * DZ * EA EA EA EA DZ * EA SELL PRICE (OD UM WHERE DIFF) $0.89 $1.92 $10.16 $10.16 $4.24 $1.65O $3.60 $3.60 $4.24 $11.44 $11.44 $4.84 $2.29 $15.39 $17.08 $9.46 $9.46 $3.39 Page 15 of 16 Shaded cells indicate lower price PRICE COMPARISON - CORPORATE EXPRESS VS. OFFICE DEPOT CITY OF U.P. 2002 PUF~CHASES ss LN NO Report Year Begin Date Item Description Item ID OFFICE DEPOT OFFICE DEPOT Order Ship CEX SELL CEX EXTD. EXTD SELL SELL PRICE Freq Qty CEX UM PRICE SELL PRICE SAVINGS% SAVINGS$ PRICE (CEX UM) (CEX UM) GRAND TOTAL $37,151.41 28.82% $10,707.06 $26,444.35 SELL PRICE (OD UM UM WHERE OD UM DIFF DIFF) Page 16 of 16 Shaded cells indicate lower price MINUTES #2315 CITY COUNCIL MEETING CITY OF UNIVERSITY PARK, TEXAS CITY HALL COUNCIL CHAMBER TUESDAY, AUGUST 5, 2003 AT 5:00 P.M. Mayor Harold Peek convened the City of University Park City Council into Executive Session at 4:00p.m. to receive legal advice from the City Attorney under Section 551.071 of the Texas Government Code. The Executive Session was adjourned at 4:20p.m. No action was voted on or taken during the meeting. Mayor Harold Peek then opened the regular meeting of the City Council. Present were Councilmembers Jim Roberts and Harry Shawver. Also in attendance were City Attorney Rob Dillard, City Manager Bob Livingston, and City Secretary Nina Wilson. Mayor Pro Tempore Dick Davis and Councilmember Blackie Holmes were absent and excused. AWARD CERTIFICATE OF ACHIEVEMENT: The State of Texas Commission on State Emergency Communication has awarded Mr. Augustest Walton the "Silent Hero Certificate of Achievement" award. This award is given to 9-1-1 dispatchers for their exemplary conduct in the field of emergency telecommunications. The call that prompted Mr. Walton to be nominated for this award was a call he handled in September 2002, which led officers to a homicide scene. With information he provided, the officers were kept updated for their safety as well as securing a crime scene with adequate personnel. Fire Chief David Ledbetter presented Mr. Walton with the award. Councilmember Shawver moved acceptance of the Consent Agenda. Councilmember Roberts seconded, and the vote was unanimous to approve the following: CONSENT AGENDA CONSIDER ORDINANCE REGARDING DENIAL OF NATURAL GAS RATE REQUEST: The City passed a resolution in May 2003 suspending TXU's request and authorizing the joining of a coalition of 123 cities working under the direction of a Steering Committee authorizing the filing of an intervention in the proceeding on TXU's rate application pending at the Railroad Commission (RRC), GUD No. 9400 referred to as Allied Coalition of Cities (ACC). The Company's Statement of Intent to change gas rates within the City as part of the Company's statewide gas utility system is found to be unreasonable because: (a) TXU's requested return on equity is excessive, generating more than 86% of the requested increase in rates; (b) the basis for TXU's proposed consolidations (of regional distribution systems and of pipeline costs with distribution costs) has not been established; (c) the City's jurisdiction to increase pipeline rates has not been established and, therefore, the proposed pipeline cost increases should be disallowed; (d) revenue requirements should be reduced rather than increased; and (e) the TXU filing should be denied pursuant to agreement with the Company; and is therefore denied in all respects. ORDINANCE NO. 03/16 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, DENYING TXU GAS COMPANY'S REQUEST TO CHANGE RATES IN THIS MUNICIPALITY, AS A PART OF THE COMPANY'S STATEWIDE GAS UTILITY SYSTEM; PROVIDING A REQUIREMENT FOR A PROMPT REIMBURSEMENT OF COSTS INCURRED BY THE CITY; FINDING THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE PUBLIC AS REQUIRED BY LAW; AND PROVIDING FOR NOTICE OF THIS ORDINANCE TO TXU GAS COMPANY. CONSIDER PROPOSAL FROM C&P ENGINEERING FOR DESIGN OF WATER AND SANITARY SEWER IMPROVEMENTS IN ALLEY BOUNDED BY STANHOPE, SHENANDOAH, PRESTON AND ARMSTRONG IN THE AMOUNT OF $83,936. This work was driven by the deteriorating condition of the sanitary sewer. CONSIDER FiNAL PAYMENT TO BARSON UTILITIES, INC., FOR WATER, SANITARY SEWER IMPROVEMENTS AND ALLEY PAVING, PROJECT NO. 42710: The Engineering Department has accepted the completed work. Partial payments in the amount of $2,094,021.99 have been made to the contractor resulting in a final payment in the amount of $110,211.67. CONSIDER FINAL PAYMENT TO BARSON UTILITIES, INC., FOR WATER, SANITARY SEWER IMPROVEMENTS AND ALLEY PAVING, PROJECT NOS. 42711 AND 44170: The Engineering Department has accepted the completed work. Partial payments in the amount of $517,582.06 (42711 $366,169.94 and 44170 - $151,412.12) have been made to the contractor resulting in a final payment in the amount of $22,739.87 (42711 $18,462.81 and 44170 - $4,277.06). The final payment includes a credit of $394.27 (42711) for water utility payments for the 3700 blocks of Lovers Lane and Amherst. CONSIDER APPROVAL OF CITY COUNCIL MEETING MINUTES: For July 16, 2003. MAIN AGENDA PUBLIC HEARING AMENDING HILLCREST HOTEL PLANNED DEVELOPMENT: Mayor Peek opened the public hearing. Mr. Brandon Blackburn, 8100 Lomo Alto, The Eureka Hotel Group, spoke on behalf of the hotel, stating the property at 6101 Hillcrest was a Ramada Inn and in a state of disrepair when they decided to redesign the rooms and upgrade the hotel. Building & Zoning Administrator Wade McLaurin stated that Planned Development District No. 22 was established in June 1997 as an assisted care facility. The facility was never developed, and the property continued to be operated as a hotel. Mayor Peek closed the public hearing. CONSIDER ORDINANCE AMENDMENT TO HILLCREST HOTEL PLANNED DEVELOPMENT DISTRICT NO. 22: On July 21, 2003, the Planning & Zoning Commission approved a request by 6101 Hillcrest Group, L.P. to amend Planned Development 22 (PD-22). The request was to allow for continued hotel use of the property in lieu of the assisted care facility use that was approved in June of 1997. Staff recommended that the existing planned development be amended after the project was expanded beyond the permitted interior remodel. The project expansion was a result of asbestos and mold encountered during the remodel. Councilmember Roberts moved approval. Councilmember Shawver seconded, and the vote was unanimous to approve the amendment to Planned Development District No. 22. ORDINANCE NO. 03/17 AN ORDiNANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDiNG THE COMPREHENSIVE ZONiNG ORDiNANCE AND MAP OF THE CITY OF UNIVERSITY PARK, AS HERETOFORE AMENDED, SO AS TO AMEND PLANNED DEVELOPMENT DISTRICT NO. 22 FOR THE PROPERTY DESCRIBED AS LOTS 1, 2, AND 3 OF BLOCK D, UNIVERSITY ANNEX NO. 2, AN ADDITION TO THE CITY OF UNIVERSITY PARK, DALLAS COUNTY, TEXAS, AND MORE COMMONLY KNOWN AS 6101 HILLCREST, UNIVERSITY PARK, TEXAS; APPROViNG A SITE PLAN; PROVIDiNG SPECIAL CONDITIONS; PROVIDiNG FOR THE REPEAL OF ALL ORDiNANCES iN CONFLICT; PROVIDiNG A SEVERABILITY CLAUSE; PROVIDiNG FOR A PENALTY OF FINE NOT TO EXCEED THE SUM OF TWO THOUSAND DOLLARS ($2,000.00) FOR EACH OFFENSE; AND PROVIDING AN EFFECTIVE DATE. CONSIDER ORDiNANCE TO ADOPT COMMERCIAL BUILDING HEIGHTS: A recommendation was made by the Planning & Zoning Commission on March 17, 2003 to place the following height restrictions on commercial properties: PD-1-R (Snider Plaza) 40 feet overall, PD-2-R (Miracle Mile) 26 feet, with an additional 9-foot allowance for equipment and screening, and General Retail (GR) 40 feet overall. Staff will present a new ordinance creating an additional General Retail Zoning District to the August Planning & Zoning Commission Meeting. Councilmember Roberts moved this item be held for further study and action be deferred until the September 17, 2003 meeting when all City Councilmembers will be present. Councilmember Shaxwer seconded, and the vote was unanimous to defer action. CONSIDER AMENDMENT TO SIGN ORDINANCE REGARDING TEMPORARY SIGNS: The Urban Design and Development Advisory Committee (UDADAC) was asked to review the current requirements for temporary signs found in the Sign Ordinance and make recommendations as to how potential constitutionality issues regarding our political sign restrictions could be resolved. In an effort to also make the residential neighborhoods in the City less cluttered, UDADAC reviewed all of the temporary sign regulations and made the following recommendations: set a maximum of six (6) square feet for any temporary sign. The current maximum square footage for a political sign is three (3) square feet, while real estate or contractor signs are allowed to be six (6); provide for a total aggregate square footage of twelve (12) square feet for temporary signs per lot. This would allow for multiple political signs on a property or the combination of different types of temporary signs (i.e. a real estate sign and a political sign on the lot at the same time); maintain the current maximum height of four (4) feet for temporary signs and amend the ordinance to prohibit the use of contractor signs. The proposed changes will provide for political signs to be regulated the same as other temporary signs, eliminating the constitutionality issues, and creating enforceable restrictions. Contractor signs will be eliminated. Councilmember Roberts suggested a 30-day notice be sent to general contractors by mail, stickers on signs and on the website. Councilmember Shawver moved approval of the amendment. Councilmember Roberts seconded, and the vote was unanimous to approve the enabling ordinance amending Article 12.200 of the University Park Code of Ordinances. Mayor Peek recognized Former Mayor Barbara Hitzelberger and Mr. Robert H. "Bobby" Clark, member of U.D.A.D.A.C. and thanked them for their support with this issue. ORDINANCE NO. 03/18 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING THE CODE OF ORDINANCES OF THE CITY OF UNiVERSITY PARK, CHAPTER 12, SIGN REGULATIONS, BY AMENDING SECTION 12.229 REGULATING REAL ESTATE SIGNS; AMENDING SECTION 12,231 TO PROHIBIT CONSTRUCTION SIGNS IN RESIDENTIAL ZONES; AMENDING SECTION 12.233 TO REGULATE AGGREGATE AREA OF TEMPORARY SIGNS IN RESIDENTIAL ZONES; AMENDiNG SECTION 12.237 REGULATING POLITICAL SIGNS IN RESIDENTIAL ZONES; PROVIDING FOR THE REPEAL OF ALL ORDINANCES IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A PENALTY OF FINE NOT TO EXCEED THE SUM OF FIVE HUNDRED DOLLARS ($500.00) FOR EACH OFFENSE; AND PROVIDING AN EFFECTIVE DATE. PRESENTATION OF PROPOSED FY2004 BUDGET: The proposed budget for FY 2004 (October 1, 2003 September 30, 2004) consisted of a properly tax rate decrease of 1%, from $0.32932 to $0.32601, maintenance of existing service levels with optimal workforce size and competitive compensation, continuation of aggressive pay-as-you-go funding of infrastructure replacement, no user fee increases, a balanced General Fund budget; a $250,033 increase in funding for capital projects, and the addition of two full-time positions, Fire Department Training Officer and Utilities Office Billing/Mail Clerk. This was the 9th consecutive year for a reduction in the City's tax rate. The tax levy for an average single-family home, valued 1.7 % higher than last year, would increase $12.35 (0.7%). Councilmember Roberts moved acceptance of the budget with instructions that it be sent to the Finance and Employee Benefits Committees for recommendation as to action. Councilmember Shaxwer seconded, and the vote was unanimous for budget acceptance. CONSIDER ACCEPTANCE OF $99,099 FEDERAL GRANT FOR ASSISTANCE FOR HOMELAND SECURITY: In April 2003, the City of University Park participated in a statewide assessment to evaluate the threat, vulnerability, capabilities, and needs of jurisdictions within the State of Texas to handle bio-terrorism and terrorist events. A joint task force from the Police, Fire and Public Works Departments participated in this assessment to evaluate the need for equipment and training within our jurisdiction. These grant monies would allow the Police, Fire and Public Works Departments to stockpile equipment and be operationally prepared for local or regional terrorist events. In June 2003, the City of University Park received notification of an award of $99,099 toward the purchase of equipment and training. Councilmember Shawver moved approval of the acceptance of the federal grant. Councilmember Roberts seconded, and the vote was unanimous to accept $99,099 from the U.S. Department of Homeland Security. CONSIDER ENGINEERING CONTRACT WITH R.L. GOODSON FOR DESIGN OF LOVERS LANE: A proposal from R.L. Goodson was presented in the amount of $176,000 that would provide engineering and surveying services associated with the design of street improvements for Lovers Lane, from Hillcrest east to North Central Expressway. Councilmember Roberts moved approval of the contract subject to deleting the "limit of liability" clause. Councilmember Shaxwer seconded, and the vote was unanimous to approve the proposal. CONSIDER ORDINANCE CHANGING TITLE FROM ENVIRONMENTAL INSPECTOR TO NEIGHBORHOOD INTEGRITY OFFICER: The current job does not truly deal with environmental issues, but more with right-of-way code compliance matters; therefore, the name of Neighborhood Integrity Officer seems more applicable. This ordinance would amend Section 6, Article 6.500 of the Code of Ordinances of the City of University Park. Councilmember Shawver moved approval of the ordinance. Councilmember Roberts seconded, and the vote was unanimous to approve the title change. ORDINANCE NO. 03/19 AN ORDiNANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING THE CODE OF ORDINANCES, AS HERETOFORE AMENDED, BY AMENDING ARTICLE 6.500 TO DESIGNATE THE NEIGHBORHOOD INTEGRITY OFFICER FOR THE CITY; PROVIDING FOR THE REPEAL OF ALL ORDINANCES IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. Mayor Peek recognized two boy scouts working on their merit badges. Reagan Tankersley, 3306 Hanover, Troop #70, working on his Citizenship in the Community Merit Badge, and Lake Tankersley, 3306 Hanover, Troop #70, on his Communications Merit Badge. Mrs. Carolyn Loy spoke to the council regarding the lack of benches in Coffee Park and across from University Park Elementary School. She requested two benches from the park at Lovers Lane and Hillcrest be moved. Mayor Peek said her request regarding the benches would be sent to the Park Department. City Manager Bob Livingston told her more benches were in future plans for all parks. She also complimented the council on the budget and the gates to be installed at Central Expressway and University and SMU Boulevards. She suggested gates at the toll road would be appropriate also. Mayor Peek thanked her for her comments and interest in the City. There being no further business, the meeting was adjourned. PASSED AND APPROVED this 20th day of August 2003. ATTEST: Harold Peek, Mayor Nina Wilson, City Secretary AGENDA MEMO (08/20/03 AGENDA) DATE: August 13,2003 TO: Nina Wilson FROM: Thom Hanford SUBJECT: Request from Highland Park LaCrosse Board ITEM: The Highland Park High School lacrosse team is requesting the use of Coffee Park (or Germany Park if available) for practice purposes. Their program has two seasons, the Fall Season which runs from October 1st through November 15th, and the Spring Season which runs from February 1st through May 15th. They are asking for a practice time of 4:15 PM tffi dark Monday thru Friday. They would Hke this request to be approved for the next 5 years. I have some concerns about the sport of lacrosse being played in a public park. The game requires that a very hard ball be thrown between players, sometimes at high rates of speed. Given the skill levels of the players, it is not certain what direction this ball will go. Mr. Wellington has proposed to put up netting similar to that used on a batting cage. This is a fine idea but I would hate to see either Coffee Park or Germany Park with 10 to 12 foot netting strung around an area the size of a football field. Mr. Wellington would do only the ends of the field but I believe for the safety of other park patrons, the entire field would have to be enclosed. I also have to ask why the Park Department should have to provide space for another high school athletic team to practice? We had the girls softball teams for a number of years using Coffee and Curtis Parks. We continue to have the boys soccer teams using Goar Park during the school years. If this request is granted it is going to mean that some YMCA programs will have to be scaled back. RECOMMENDATION: The High School has complete control of Germany Park and can schedule practice times as they wish. I would recommend, as I did back in the spring, that the lacrosse team work out a practice schedule with the other teams using Germany 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 C:\Documents and Settings~nwilson\Local Settings\Temporary Internet Files\OLK21\Lacrosse request 2.doc 12:52 PM 08/1 Park. They may not get as much time as they would like but they need to understand that they are "the new kids on the block". ATTACHMENTS: Letter from Highland Park Lacrosse Board 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 C:\Documents and Settings~nwilson\Local Settings\Temporary Internet Files\OLK21\Lacrosse request 2.doc 12:52 PM 08/1 MEMORANDUM CITY OF UNIVERSITY PARK, TEXAS TO: FROM: SUBJECT: Honorable Mayor and City Council Director of Finance Budget and tax rate public hearings DATE: August 14, 2003 ITEM Texas statutes require that cities provide notice and hold public hearings before adopting an annual budget and property tax rate. Proposed FY2004 budget State law requires that a budget hearing be held no sooner than 15 days after the proposed budget is filed with the municipal clerk. Using August 5 as the filing date, a hearing August 20 meets this requirement. A second budget hearing will take place at the September 2 Council meeting; at the conclusion of the hearing, the Council acts upon the proposed budget and tax rate. The proposed FY04 budget of $32.053 million is 4.67% larger than the adopted FY03 budget of $30.623 million. The proposed budget includes a tax rate decrease; no rate increases for water, sewer, and garbage service; and $4.549 million in capital project funding. The Finance Advisory Committee met August 6 to review and recommend approval of the proposed budget. Details are included in the attached August 5 memo from the City Manager and line item detail. Proposed property tax rate The property tax is the General Fund's primary source of revenue. The proposed FY04 rate of $0.32601 is a 1.0% reduction from last year's adopted rate of $0.32932. The certified taxable property base rose 6.06%. The proposed budget would collect $585,180 more in property taxes than last year, a 5.0% increase. Thus it is correct to say that the City is both cutting the tax rate and raising taxes. EFFECTIVE TAX RATE OVERVIEW Due to the intricacies of the official effective tax rate (ETR) calculation, the proposed $0.32601 rate that will raise 5% more tax revenue represents an effective tax increase of only 2.01%. The ETR is significant because it drives the notice and hearing requirements a city must meet per the Texas Truth-in-Taxation law. Cities proposing an effective tax increase greater than 3% must hold a separate public hearing about the tax rate. The Dallas County Tax Assessor-Collector performs the effective tax rate calculation. This year, University Park need only hold a tax rate hearing at the same meeting the rate is scheduled for adoption. The ETR's purpose is to identify the tax rate that produces the same revenue dollars this year as last year. Instead of using the new 2003 certified tax roll ($3.769 billion) as the base, the ETR calculation considers only those properties that were on the tax roll one year ago, after adjustment for changes in exemptions, values under protest, and court-ordered reductions. The resulting tax base number ($3.682 billion) is known as the "2003 Adjusted Taxable Value" and omits the $90.559 million added by new construction in C:~Doc~tments and Settings~nwilson~Local Settings\Temporary Internet Files\OLK21~Budget Hearing 082003 memo.doc 08/14/03 12:54 PM 1 University Park this year. This new construction makes up 42% of the $215 million increase in the certified taxable value. At the same time, the taxes levied one year ago are also adjusted for refunds and are known as the "Adjusted 2002 Taxes." Dividing this adjusted tax figure ($11.705 million) plus refunds by the adjusted tax base ($3.682 billion) produces an effective tax rate of $0.319573/$100. Comparing the new proposed tax rate of $0.32601 against the ETR yields an effective tax increase of 2.01%. RECOMMENDATION Holding public hearings regarding the proposed budget and property tax rates will allow opportunity for input from the community and coverage by the local press. Formal action by Council on the budget, tax rate, and salary ordinance is scheduled for Tuesday, September 2, 2003. Attachments: · City Manager's budget memo of 5 August 2003 · Proposed FY04 line-item detail C:~Doc~m~ents and Settings~nwilson~Local Settings\Temporary Internet Files\OLK21~Budget Hearing 082003 memo.doc 08/14/03 12:54 PM 2 MEMORANDUM CITY OF UNIVERSITY PARK, TEXAS TO: Honorable Mayor and City Council FROM: City Manager DATE: August 5, 2003 SUBJECT: FY 2004 Proposed Budget OVERVIEW This memo presents the City Manager's proposed budget for FY 2004 (October 1, 2003 September 30, 2004). The FY 2004 budget continues trends familiar in prior year budgets: · A reduction in the City's tax rate for the 9th consecutive year. · Maintenance of existing service levels with optimal workforce size and competitive compensation. · Continuation of aggressive pay-as-you-go funding of infrastructure replacement. · No user fee increases. Highlights of the proposed budget include: · A property tax rate decrease of 1%, from $0.32932 to $0.32601. The tax levy for an average single-family home, valued 1.7 % higher than last year, would increase $12.35 (0.7%). · A balanced General Fund budget. · A $250,033 increase in funding for capital projects. · The addition of two full-time positions Fire Department Training Officer and Utilities Office Billing/Mail Clerk. Total expenditures The proposed FY04 budget totals $32.05 million, an increase of $1.43 million, or 4.67%, from FY03's total $30.62 million. As in past years, personnel-related costs are the primary reason for the increase ($1.14 million), followed by capital project transfers ($250,033) and supplies/other ($151,802). The proposed budget does not include any major equipment or new programs. Personnel costs Salaries and benefits represent 52% of the proposed budget's makeup. Total personnel costs for FY2004 are $17.51 million, up 7.0 % or $1.14 million from FY03's $16.37 million. Of this, $630,098 represents increased salary-related costs and $512,320 represents increased benefit costs. The proposed budget includes a 3% market-based salary increase and a 52% increase in employer health insurance payments. Even though our employees have supported attempts to control costs, including paying higher amounts for their coverage, health costs have been rising 15% to 20% per annum for several years. Consecutive years of high claims forced a sharp increase in the City's contributions starting last January. This increase is now included in the FY 2004 Budget. 1 C:[Documents and Settings[nwilson[Local Settings[Temporary Internet Files[OLK21 [CM Budget Letter FYO4].doc 08/14/03 12:55 PM Comparisons The table below provides a comparison of total budgeted expenditures for the City's three budgeted funds. Three other funds Capital Projects, Equipment Services, and Self-Insurance are not included in the formal budget, although they each receive contributions from the budgeted funds. Departmental and line item detail is provided in the attached schedule. TOTAL BUDGETED EXPENDITURES - FY02 TO FY04 FY02 FY03 FY04 % CHANGE FUND ADOPTED ADOPTED PROPOSED FY04 V. FY03 General Utility Sanitation Debt Service Total 17,910,128 18,957,713 19,923,714 5.10% 8,674,252 9,288,817 9,632,850 3.70% 2,215,774 2,376,790 2,496,972 5.06% 220,913 -0- -0- 0.00% $29,021,067 $30,623,320 $32,053,536 4.67% As in past years, the General Fund expenditures increased the most compared to the other funds. The bulk of the City's personnel and operations are contained in the General Fund, which in tum is supported primarily by property taxes (63% of General Fund revenue). By way of reference, over the past year, the Consumer Price Index (CPI)-All Urban Consumers for Dallas- Fort Worth increased 2.3%. The City's FY04 proposed budget is 4.67% higher than last year's adopted budget. What accounts for the more rapid increase in City expenditures compared to the CPI? Simply put, the CPI's collection of consumer goods does not align with the items purchased by the City. The proposed FY2004 budget is especially hard hit by sharp rises in personnel-related costs, such as health insurance as well as other items such as fuel costs, which have increased dramatically during the past year. The only bright spot is that we perceive a larger number of contractors are now willing to bid our capital projects. Whether or not this will translate into lower costs, particularly since contractors face many of the same personnel and other costs as we do, is difficult to determine. Revenue considerations The proposed budget includes modifications to non-property tax revenues in the General Fund, which help lessen the burden placed on the property tax. For FY2003 there was little opportunity to project increases in key General Fund revenues, like sales taxes, franchise fees, interest eamings and building permits. This year is similar, although we are projecting increases in franchise fees and direct alarm monitoring charges. We have also projected slight increases in an assortment of other General Fund revenues, such as ambulance billing. Overall, non-property tax General Fund revenues are budgeted to increase 5.1%, the same percentage as property-tax-related revenues. Tax rate decrease The trend of consistent sharp increases in property values throughout the city appears to be ending. Last year, market values citywide rose 8.27%, while this year the increase is 2.67%. Despite this, taxable value increased 6.06%, reflecting the release of property parcels whose taxable value was capped last year. The FY04 budget includes a proposed rate reduction of 0.0033 cents, from $0.32932 to $0.32601 per $100 taxable value. This represents a 1.0 % decrease in the property tax rate. Due to the increased taxable value, however, the proposed rate will increase the typical single-family homeowner's bill by about 1.7 %. This equals about $1.00 a month for the average University Park homeowner. PROPERTY TAX RATE COMPARISON FY01 TO FY04 2 C:[Documents and Settings[nwilson[Local Settings[Temporary Internet Files[OLK21 [CM Budget Letter FYO4].doc 08/14/03 12:55 PM TAX ADOPTED ADOPTED PROPOSED PROPOSED P U R POS E FY01 FY02 FY03 FY04 O&M Operations Capital Total O&M Debt Service Total Tax Rate $0.28002 $0.25948 $0.25789 $0.25488 $0.07683 $0.07377 $0.07142 $0.07113 $0.35685 $0.33325 $0.32932 $0.32601 $0.01474 $0.00675 $0.00000 $0.00000 $0.37159 $0.33999 $0.32932 $0.32601 For FY04 the average single-family home in University Park is valued at $717,626, an increase of $11,887 (1.7%) over last year. The owner of an average home whose value did not increase in assessed value this year would pay $18.69 less in City taxes compared to FY03. TAX LEVY COMPARISON FY01 TO FY04 ADOPTED ADOPTED ADOPTED PROPOSED FYO 1 FY02 FY03 FY04 Assessed Value (Market) Less 20% Hmstd Exmp Taxable Value Tax Rate per $100 City Tax Levy $552,938 $637,009 $705,739 $717,626 (110,588) (127,402) (141,148) (143,525) $442,350 $509,607 $564,592 $574,101 $0.37159 $0.33999 $0.32932 $0.32601 $1,643.73 $1,732.61 $1,859.30 $1,871.65 Over the period FY01 to FY04, the average single-family home has increased 29.8 % in market value, while the City tax levy has increased 13.9%. CAPITAL PROJECTS The proposed budget continues the program of replacing the City's aging infrastructure. Project funding included in the adopted FY03 and proposed FY04 budgets is shown as follows: PROJECT FY03 FY04 Mile-per-year water, sewer, and alley replacement Curb and gutter replacement General Fund contribution - undesignated Asphalt overlay program Fire hydrant installation Utility Fund contribution - undesignated Total $1,850,000 $1,962,665 $ 811,275 $ 877,224 $ 917,000 $ 944,510 $ 510,000 $ 541,059 $ 135,000 $ 143,222 $ 76,000 $ 80,628 $4,299,275 $4,549,308 In addition to these operating contributions, the City occasionally transfers additional funds to the Capital Projects Fund each year. These transfers are made from unappropriated fund balances in the General and Utility Funds. When combined with the budgeted transfers shown above, they allow the City to fund and 3 C: [Documents and Settings[nwilson[Local Settings[ Temporary D~ternet Files[OLK2] [CM Budget Letter FY04]. doc 08/14/03 12:55 PM construct an average of over $6 million in projects each year. SALARIES AND PERSONNEL ADJUSTMENTS Personnel changes The proposed budget includes two new positions, bringing the full-time headcount total to 239. This number continues to be lower than the 244 the City employed in the early 1990's. One of the new positions is the Fire Department Training Officer. This position was requested last year but cut. As we have discussed in briefings, this position is needed to oversee and coordinate the increasingly complex training our paramedics must undergo as well as the increasing requirements of Federal, State, and local programs to deal with emergency preparedness. Second, the budget includes the restoration of the Utility Billing/Mail Clerk position eliminated three years ago. This position is currently filled on a temporary basis and now includes receptionist relief responsibilities. Salary costs Salary-related costs in all funds increased approximately $630,098, from $12.362 million to $12.991 million for FY04. As in past years, the City performed salary surveys to compare our relative position in both the public and private job markets. Last year, the results of the survey indicated that to remain competitive, the City only needed to increase Police and Fire salaries. This year, the results indicated that a 3% salary increase for all positions is appropriate. Some employees will be eligible for a merit increase, depending upon their current step in the pay plan. However, each year the number of such eligible employees declines as more reach the top steps of their respective pay ranges. Benefits costs The proposed budget includes one minor benefit adjustment. For employees covered by the Texas Municipal Retirement System (TMRS), I am proposing to reduce the years of service required for retirement from 25 to 20. The only employees not affected will be fire personnel, who are covered by their own system and can already retire after 20 years of service. The annual cost of this TMRS adjustment is approximately $27,000. The cost of existing benefits in all funds is rising by $512,320, a 12.8%increase. As mentioned previously, employers of all sizes are experiencing rising health care costs. The City's claims experience continues to be poor. The 46-year average age of our group, coupled with the high increases in medical costs overall, does not help to lower claims. For FY04 employer health insurance premiums make up $398,430 of the $512,320 benefit costs increase. This is fully 52% higher than what was budgeted last year. On a positive note, the budgeted amounts for life and ADD insurance rose only 3.3%, and workers compensation insurance decreased 3.8%. UTILITY FUND The proposed Utility Fund budget includes no rate increases for water or sewer charges. The City of Dallas has informed us that our wastewater treatment cost will rise 5.4%, from $1.95 million to $2.05 million. No increase is forecasted for water treatment charges, which are currently budgeted at $2.27 million. Largely as a result of the $105,241 wastewater treatment increase, and $188,784 increase in salary and benefit costs, the proposed FY04 Utility Fund budget is out of balance by $181,175. Because Utility Fund water revenues are so volatile, however, the projected deficit may not be realized. Rather than eliminate positions or raise rates, I recommend approving the Utility Fund budget as proposed. The 4 C'.' IDocuments and S'ettingslnwilsonlLocal S'ettingsl Temporary lnternet FileslOLK21 ICM £udget Letter FY041. doc 08/14/03 12:55 PM budgeted deficit ($181,175) represents just 1.8% of Fund expenditures. SANITATION FUND The proposed Sanitation Fund budget is also out of balance, which is consistent with budgets for this Fund over the last five years. Unlike the General Fund, Sanitation Fund revenues only increase if rates are raised. The Fund routinely expends less than its budget, which allows it to finish the year with a positive balance. At the end of the third quarter of FY2003, the Sanitation Fund had a year-to-date positive balance of $75,000 and should end the year with a $70,000-$90,000 gain. Our Sanitation employees and Superintendent Kenneth Chance continue to perform an outstanding job. Further, and also consistent with past years, the Sanitation Budget contains a $100,000 placeholder, which is intended to allow accumulation of reserves toward future landfill needs. Using this approach, the unappropriated fund balance for Sanitation was $797,000 as of June 30, 2003. A year ago it was $616,000, and two years ago it was $589,000. Again, this growth is planned to build a reserve for future landfill needs. CONCLUSION As in the past, the proposed budget will be sent to the Employee Benefits, Finance, and Insurance Advisory Committees for review. Staff`has begun scheduling those meetings. Because we propose to increase property tax revenues more than 3%, State Truth-in-Taxation law requires that a separate public hearing be held before the meeting at which the tax rate is adopted. To comply with this law, staff`proposes the following schedule for the FY2004 budget's adoption. Date Day August 5 Tuesday Description Submit proposed budget to City Council Vote to hold public hearing re. proposed tax rate August 20 Wednesday Conduct public hearing re. proposed tax rate August 28 Thursday Notice of vote on tax rate appears in Park Cities People Sept. 2 Tuesday Conduct public hearings on budget and tax rate Approve ordinances adopting budget and tax rate Oct. 1 Wednesday New budget takes effect 5 C:[Documents and Settings[nwilson[Local Settings[Temporary Internet Files[OLK2] [CM Budget Letter FYO4].doc 08/14/03 12:55 PM CITY OF UNIVERSITY PARK, TEXAS FY 2004 PROPOSED BUDGET SUMMARY BY FUND AND DEPARTMENT GENERALFUND 01-11 REVENUES TOTAL GENERALFUND REVENUES EXPENDITURES 01-02 EXECUTIVE 01-03 FINANCE 01-04 HUMAN RESOURCES 01-05 INFORMATION SERVICES 01-10 COURT 01-19 BUILDING 01-20 ENGINEERING 01-25 TRAFFIC 01-35 FACILITY MAINTENANCE 01-40 FIRE 01-50 POLICE 01-70 PARKS 01-75 SWIMMING POOL 01-80 STREETS 01-85 TRANSFERS TOTAL GENERAL FUND EXPENDITURES DIFFERENCE UTILITY FUND REVENUES 02-11 REVENUES EXPENDITURES 02-21 UTILITY OFFICE 02-22 UTILITIES 02-85 TRANSFERS TOTAL UTILITY FUND EXPENDITURES DIFFERENCE SANITATION FUND 04-11 REVENUES TOTAL SANITATION FUND REVENUES EXPENDITURES 04-60 SANITATION TOTAL SANITATION FUND EXPENDITURES DIFFERENCE TOTAL REVENUES TOTAL EXPENDITURES DIFFERENCE FY03 FY04 ADOPTED PROPOSED BUDGET BUDGET $18,957,713 $19,924,227 $18,957,713 $19,924,227 % CHANGE $ CHANGE 5.10% $966,514 5.10% $966,514 $605,755 $618,054 2.03% $12,299 $892,781 $918,432 2.87% $25,651 $304,568 $303,261 -0.43% ($1,307) $462,172 $485,068 4.95% $22,896 $234,353 $249,236 6.35% $14,883 $552,889 $580,616 5.01% $27,727 $808,789 $872,773 7.91% $63,984 $694,104 $740,709 6.71% $46,605 $572,835 $611,069 6.67% $38,234 $3,328,761 $3,502,650 5.22% $173,889 $4,307,531 $4,523,224 5.01% $215,693 $1,958,841 $2,064,482 5.39% $105,641 $171,450 $166,950 -2.62% ($4,500) $1,524,609 $1,606,127 5.35% $81,518 $2,538,275 $2,681,063 5.63% $142,788 $18,957,713 $19,923,714 5.10% $966,001 $0 $513 $513 $9,451,675 $9,451,675 0.00% $ $9,451,675 $9,451,675 0.00% 0% $5,018,501 $5,140,536 $2,509,316 $2,624,069 $1,761,000 $1,868,245 $9,288,817 $9,632,850 $1621858 ($181,I75) $2,231,450 $2,231,450 $2,231,450 $2,231,450 2.43% $ 122,035 4.57% $ 114,753 6.09% $ 107,245 3.70% $ 344,033 $ (344,033) o.oo% $o 0.00% 0 $2,376,790 $2,496,972 5.06% $120,182 $2,376,790 $2,496,972 5.06% $120,182 ($I45,840) ($265,522) ($I20,182) $30,640,838 $31,607,352 3.15% $966,514 $30~623~320 $32~053~536 4.67% $1~430~216 $17,518 {$448,~841 ($483,702) CITY OFUNIVERSITY PARK, TEXAS FY2004 PROPOSED BUDGET PROPERTYTAXIMPACT TOTAL TAXABLE VALUE (CERTIFIED) TOTAL GENERAL FUND REVENUES NON PROPERTY TAX REVENUE Sales tax Franchise fees Building permits Traffic/parking fines Service charges Direct alarm monitoring fees Miscellaneous TOTAL NON PROPERTY TAX REV, PROPERTY TAX REVENUE Operations & Maintenance (O&M) need Penalty/interest & attorney's fees Delinquent (prior years) taxes TOTAL PROP TAX OP REQUEST DEBT SERVICE REQUIREMENT PROPERTY TAX RATE Operations & Maintenance (O&M) Debt Service Total Property Tax Rate per $100 IMPACT ON HOMEOWNER Average single-family market value Less: 20% homestead exemption Average single-family taxable value Tax levy Change from prior year FY2002 FY2003 FY2004 ADOPTED ADOPTED PROPOSED % Change BUDGET BUDGET BUDGET FY04/FY03 $ Change FY04 V. FY03 $ 3,272,644,258 $ 3,553,903,488 3,769,405,331 6.06% $ $ 17,910,497 $ 18,957,713 $ 19,924,227 5.1% $ $ 2,160,220 $ 2,160,220 $ 2,160,220 0.0% $ 1,543,630 1,650,000 1,805,000 9.4% $ 700,000 700,000 700,000 0.0% $ 355,000 355,000 355,000 0.0% $ 365,160 400,160 452,160 13.0% $ 210,000 285,000 350,000 22.8% $ 1,505,781 1,533,228 1,621,562 5.8% $ 215,501,843 966,514 155,000 52,000 65,000 88,334 6,839,791 $ 7,083,608 $ 7,443,942 5.1% $ 360,334 10,905,718 $ 11,703,605 $ 12,288,785 5.0% $ 585,180 106,619 110,000 115,000 4.5% $ 5,000 58,000 60,500 76,500 26.4% $ 16,000 $ 11,070,337 $ 11,874,105 $ 220,913 $ $ 0.33324 $ 0.32932 0.00675 $ 12,480,285 5.1% $ 606,180 $ O.O% $ $ 0.33999 $ 0.32932 $ 637,009 705,739 (127,402) (141,148) 509,607 564,592 $ 1,732.61 $ 1,859.30 $ 88.88 $ 126.69 Fund: GENERAL FUND I Department:ADMINISTRATION I Division: EXECUTIVE (01-02) iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iii~i~ii~ii~ ~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii 31-02-1002 OVERTIME EARNINGS SALARIES & BENEFITS $358 ~500 ~0 $500 $0 0.00% 31-02-1007 CAR ALLOWANCE SALARIES & BENEFITS $7,200 ~7,200 ~7,200 $7,200 $0 0.00% 31-02-1120 EMPLOYERS SHARE T.M.R.S. SALARIES & BENEFITS $34,751 ~34,9~ ~,994 $35,894 $900 2.57% 31-02-1130 INSURANCE-EMPLOYEE LIFE SALARIES & BENEFITS $1,399 ~1,589 ~1,550 $1,~0 $51 3.21% 31-02-1132 INSURANCE-UNEMPLOYMENT SALARIES & BENEFITS $0 ~0 ~0 $0 $0 ~DIV/0! 31-02-2100 OFFICE SUPPLIES SUPPLIES $1,724 ~2,421 ~2,000 $2,121 (~300) -12.39% 31-02-3003 BOARD MEETINGS PROFESSIONAL $647 ~1,150 ~650 $900 ($250) -21.74% SERVICES 31-02-3014 PUBLICATIONS PROFESSIONAL $12,001 ~1,200 ~2,779 $1,200 $0 0.00% SERVICES 31-02-3063 PROGR~MING/MAINTENANCE PROFESSIONAL $2,500 ~3,500 ~3,500 $6,625 $3,125 89.29% SERVICES 31-02-4110 H EAT, LIGHT,WATER UTIL UTILITIES $1,515 ~1,879 ~1,879 $1,879 $0 0.00% D1-02-55~ INSURANCE-EXCESS LIABILIT INSURANCE 947,000 ~47,000 ~47,000 91,098 (~45~02) -97.66% 31-02-5514 INSURANCE-PUBL.OFF'L LIAB INSURANCE 939,300 ~39,300 ~39,300 950,000 910,700 27.23% D1-02-6200 EQUIP REPAIRS/NON VEHICLE OUTSIDE SERVICES 91,909 ~1,800 ~1,800 91,800 $0 0.00% 31-02-7151 CONTINGENCY FUND OTHER $0 ~0 ~0 $0 $0 ~DIV/0! 31-02-7153 CAPITAL PROJECTS CONTRIB OTHER $0 ~0 ~0 $0 $0 ~DIV/0! 31-02-7202 MICRO COMPUTER SOF~ARE OTHER $0 ~1,000 ~400 $1,000 $0 0.00% 31-02-7240 TUITION & TRAINING OTHER $29,681 ~17,350 ~15,650 $2,650 (~14 700) -84.73% 31-02-7432 ELECTIONS OTHER $3,480 ~0 ~0 $7,500 $7,500 ~DIV/0! ~ ~-~ ~ ~i~ ~Ui~N CA~iTA~ ~N~igJ~ ~iV~i 31-02-9201 MICRO COMPUTER CAPITAL EXPENDITURES $200 ~810 $851 $500 ($~10) -38.27% EQUIPMENT ~ ~-~ ~i~ ~U~Ni ~ CA~iTA~ ~N~igJ~ ~iV~i SALARIES & BENEFITS $3~,53~ $355,049 $356,283 $372,111 $17,062 4.81% SUPPLIES $1,94~ $2,921 $2,000 ~2,621 PROFESSIONALSERVlCES $115,461 $109,050 $137,579 $138,775 $29,725 27.26% UTILITIES $4,951 $5,312 $5,312 $5,31: INSURANCE $91,~ $91,048 $91,048 $55,957 ($55091) -38.54% OUTSIDE SERVICES $1,90~ $1,800 $1,800 $1,80~ OTHER $56,01~ $39,765 $37,465 $39,97~ $213 0.54% CAPITAL EXPENDITURES $32~ $810 $1,076 DEPARTMENTTOTAL~ $616,191 $605,~55 $632,563 $618,054 $12,299 2.03% Fund: GENERAL FUND I Department: FINANCE I Division: FINANCE (01-03) ~1-03-1002 OVERTIME F~RNINGS SAlaRIES & BEN EFITS $3,158 $1,500 ~500 ~1,500 $0 0.00% 31-03-1007 CAR ALLOWANCE SA~RIES & BENEFITS $7,200 $7,200 ~7,200 ~7,200 $0 0.00% 31-03-1120 EM PLOYERS SHARE T.M.R.S. SA~RIES & BENEFITS $59,388 $69,100 ~69,100 ~71,835 $2,735 3.96% 31-03-1131 INSU~CE-WOR~ENS COMP SA~RIES & BENEFITS $839 $1,331 ~1,331 ~1,387 $56 4.21% SA~RIES &BENEFITS $531,241 $627,302 $626,30: $6~,65: OTHER $19,9~ $16,~1 $18,491 CAPITAL EXPENDITURES $8,456 $13,060 $11,90( $3,50~ Fund: GENERAL FUND I Department:ADMINISTRATION I Division: HUMAN RESOURCES (01-04) ~E~EIB~ ~ BBNEEI ~ 01-04-1002 OVERTIME EARNINGS SALARIES & BENEFITS $353 $0 $0 $0 $0 0.00% 01-04-1007 CAR ALLOWANCE SALARIES & BENEFITS $7,200 $7,200 $7,200 $7,200 $0 0.00% 01-04-1120 EMPLOYERS SHARE TM.R.S. SALARIES & BENEFITS $21,042 $21,356 $21,356 $22,436 $1,080 0.00% 91-04-1131 INSURANCE-WORKMENS SALARIES & BENEFITS $307 $427 $427 $434 $7 0.00% COMP ~1-04-1135 HEALTH INSURANCE SALARIES & BENEFITS $5,801 $10,216 $10,216 $10,155 ($61) 0.00% 91-04-2100 OFFICE SUPPLIES SUPPLIES $1,592 $1,550 $1,200 $1,350 ($200) 0.00% 91-04-3010 POSTAGE PROFESSIONAL SERVICES $448 $500 $250 $500 $0 0.00% ~%04-30~3 ~ROFESSIO~Ak SERVICES $0 $0 $0 $0 $0 0.00% PROGRAMMING/MAINTENANCE ~-04-4~0 HEAT,UGHT,WATER UTIk UTIklTIES $40~ $48~ $48~ $48~ $0 0.00% 01-04-5504 INSURANCE-EXCESS LIABILIT INSURANCE $0 $0 $0 $0 $0 0.00% 91-04-5520 RISK, LOSS, C~IM MGMT INSURANCE $35,000 $35,000 $35,000 $45,000 $10,000 0.00% 01-04-7110 EMPLOYEE RECOGNITION OTHER $6,127 $9,000 $9,000 $9,000 $0 0.00% 01-04-7170 TRAVEL EXPENSE OTHER $399 $3,600 $3,600 $2,750 ($850) 0.00% ~ WA~ 01-04-7221 OTHER EXPENSE OTHER $219 $2,000 $2,000 $2,000 $0 0.00% 01-04-7245 TUITION REIMBURSEMENT OTHER $0 $0 $0 $0 $0 0.00% 01-04-9201 MICRO COMPUTER CAPITAL EXPENDITURES $0 $0 $0 $0 $0 0.00% EQUIPMENT SALARIES & BENEFITS $208,54( $200,45( $200,45( $204,08( $3,630 0.00% SUPPLIES $1,59; $1,55( $1,20( $1,35( PROFESSIONAL SERVICES $34,09~ $32,80( $25,05( $29,80( ($3,000) 0.00% UTILITIES $2,25~ $2,26: $2,26: $2,26: INSURANCE $35,28( $35,28( $35,28( $45,89~ $10,618 0.00% OUTSIDE SERVICES OTHER $10,30( $31,82~ $22,92~ $19,47( ($12,355) 0.00% CAPITAL EXPENDITURES $C $C $C DEPARTMENT TOTALS $292,06( $3~,56~ $287,56~ $303,261 ($1,307) 0.00% Fund: GENERAL FUND I Department: INFORMATION SERVICES I Division: INFORMATION SERVICES (0'1-05) 01-05-1005 LONGEVITY PAY SALARIES & BENEFITS $367 $576 $576 $864 $288 50.00% 01-05-1110 EMPLOYERS SHARE F.I.C.A. SALARIES & BENEFITS $12,114 $15,206 $15,206 $15,938 $732 4.81% 01-05-1130 INSURANCE-EMPLOYEE LIFE SALARIES & BENEFITS $982 $1,170 $1,170 $1,247 $77 6.58% 81-05-1132 INSURANCE-UNEMPLOYMENT SALARIES & BENEFITS $0 $0 $0 $0 $0 CDIV/0! 01-05-2029 CLOTHING ALLOWANCE SUPPLIES $0 $0 $0 $0 $0 CDIV/0I 01-05-2318 COMPUTER SUPPLIES SUPPLIES $14,131 $11,074 $11,000 $11,074 $0 0.00% ~1-05-3060 PROFESSIONAL SERVICES PROFESSIONAL SERVICES $47,985 $26,800 $26,800 $35,040 $8,240 30.75% ~ ~i~N ~RVi~ 91-05-4110 HEAT,LIGHT,WATER UTIL UTILITIES $406 $792 $792 $792 $0 0.00% ~ IE~IE~ ~ 78~ 01-05-5506 INSURANCE-GEN'L LIABILITY INSURANCE $331 $331 $331 $1,061 $730 220.54% 01-05-7150 DUES & SUBSCRIPTIONS OTHER $205 $950 $950 $955 $5 0.53% 01-05-7202 MICRO COMPUTER OTHER $24,488 $41,598 $25,000 $27,536 ($14,0~2) -33.80% SOFTWARE 01-05-7240 TUITION & TRAINING OTHER $12,024 $7,425 $7,425 $12,800 $5,375 72.39% 01-05-9100 OFFICE EQUIPMENT CAPITAL EXPENDITURES $0 $0 $0 $0 $0 CDIV/0I ~-05-~20~ MICRO COM~UTER CA~ITAk EXPENDITURES $30,087 $38,573 $35,000 $~,370 ($27~203) -70.52% EQUIPMENT 01-05-9910 OFFICE FURNITURE CAPITAL EXPENDITURES $942 $0 $0 $0 $0 CDIV/0i SALARIES & BENEFITS $208,74( $267,491 $267,491 $288,871 SUPPLIES $14,59~ $11,78( $11,60( $11,78( $0 0.00% PROFESSIONAL SERVICES $50,281 $35,97( $35,97( UTILITIES $27,74~ $45,57~ $30,79; $56,71( $11,141 24.44% INSURANCE $331 $331 $331 $1,061 OUTSIDE SERVICES $8,66; $11,19( $11,00( ~13,31( $2,120 18.95% OTHER $40,90( $51,25: $34,43: $48,351 CAPITAL EXPENDITURES $34,06( $38,57: $35,00( ~16,37( ($22,203) -57.56% DEPARTMENT TOTALS $385,333 $462,172 $426,617 ~85,06~ Fund: GENERAL FUND I Department: FINANCE I Division: COURT iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Fund: GENERAL FUND I Department: PUBLIC WORKS I Division: BUILDING (01-19) 31-19-1002 OVERTIME EARNINGS SALARIES & BENEFITS ~0 $500 $0 $500 $0 3.00% 31-19-1007 CAR ALLOWANCE SALARIES & BENEFITS ~0 $0 $0 $0 $0 ~DIV/0! 31-19-1120 EMPLOYERS SHARE T.M.R.S. SALARIES&BENEFITS ~52,411 $53,611 $53,611 $56,121 $2,510 ~.68% 31-19-1131 INSURANCE-WORKMENS SALARIES&BENEFITS ~4,639 $6,479 $6,479 $6,816 $337 5.20% 31-19-1135 HEALTH INSURANCE SALARIES & BENEFITS ~20,005 $23,880 ~23,880 $35,047 $11,167 ~6.76% 31-19-2100 OFFICE SUPPLIES SUPPLIES ~1,674 $2,200 $2,200 $2,200 $0 3.00% 31-19-2320 GAS, OIL & GREASE SUPPLIES ~1,645 $1,570 $1,775 $1,570 $0 3.00% 31-19-3003 BOARD MEETINGS =ROFESSIONAL SERVICES ~265 $360 $420 $360 $0 3.00% 31-19-3014 PUBLICATIONS =ROFESSIONAL SERVICES ~953 $525 $500 $525 $0 3.00% 31-19-3063 PROGRAMMING/MAINTENANCE =ROFESSIONAL SERVICES ~0 $4,100 $4,100 $4,305 $205 5.00% 31-19-4120 TELEPHONE SERVICE JTILITIES ~7,639 $7,604 $6,750 $7,604 $0 3.00% 31-19-5506 INSURANCE-GEN'L LIABILI~ NSURANCE ~522 $522 ~522 $1,673 $1,151 220.50% 31-19-6195 EQUIPMENT MAINTENANCE DUTSIDE SERVICES ~7,634 $8,812 $8,812 $7,556 ($I,256) -14.25% 31-19-7202 MICRO COMPUTER SOF~ARE DTHER ~6,215 $750 $750 $750 $0 3.00% 31-19-7240 TUITION & TRAINING 3THER ~4,652 $2,390 $2,000 $2,810 $420 17.57% 31-19-7300 HANDICAP RAMP REIMB 3THER ~0 $0 $0 $0 $0 ~DIV/0! ~1-19-9100 OFFICE EQUIPMENT 2APITAL EXPENDITURES ~0 $0 $0 $0 $0 ~DIV/0~ 31-19-9600 AUTOMOBILES 3APITAL EXPENDITURES ~0 $0 $0 $0 $0 ~DIV/0i SALARIES & BENEFITS $489,891 $496,047 $495,547 $530,273 $34,226 ~.90% SUPPLIES $5,886 $6,520 $6,65( $6,520 PROFESSIONAL SERVICES $22,828 $7,060 $14,22( $7,265 $205 2.90% UTILITIES $10,291 $9,843 $8,98~ $9,843 INSURANCE $577 $577 $577 $1,765 $1,188 205.89% OUTSIDE SERVICES $10,230 $11,028 $10,26~ $9,772 OTHER $14,905 $8,615 $7,17~ $7,385 ($I230) -14.28% CAPITAL EXPENDITURES $7,511 $13,199 $13,19~ $7,793 DEPARTMENT TOTALS $562,118 $552,889 $556,61~ $580,616 $27,727 5.01% Fund: GENERAL FUND I Department: PUBLIC WORKS I Division: ENGINEERING (01-20) 01-20-1002 OVERTIME EARNINGS SALARIES & BENEFITS $795 $500 $500 $500 $0 0.00% 01-20-1007 CAR ALLOWANCE SALARIES&BENEFITS $11,584 $7,200 $14,400 $14,400 $7,200 100.00% 01-20-1120 EMPLOYERS SHARE TM.R.S. SALARIES & BENEFITS $75,605 $79,881 $79,881 $85,274 $5,393 6.75% ~52 ~79 91-20-1131 INSURANCE-WORKMENS SALARIES&BENEFITS $11,588 $16,114 $16,114 $17,032 $918 5.70% COMP ~1-20-1135 HEALTH INSURANCE SALARIES & BENEFITS $21,777 $27,702 $32,598 $40,520 $12,818 46.27% ~1-20-2100 OFFICE SUPPLIES SUPPLIES $1,428 $1,000 $1,200 $1,000 $0 0.00% ~1-20-2320 GAS, OIL & GREASE SUPPLIES $2,299 $2,555 $2,200 $2,555 $0 0.00% 91-20-3003 BOARD MEETINGS PROFESSIONAL SERVICES $88 $300 $0 $300 $0 0.00% ~-20-30~ 4 ~U BklCATIO~S ~ROFESSIO~Ak SERVICES $0 $0 $0 $0 $0 ~-20-30~3 ~ROFESSIO~Ak SERVICES $2,4~ $~ 2,350 $~2,350 $~5,787 $3,437 27.83% PROGRAMMING/MAINTENANCE ~-20-4~0 HEAT,klGHT,WATER UTIk UTIklTIES $2,5~8 $2,727 $2,727 $2,727 $0 0.00% 01-20-5500 INSURANCE-AUTO LIABILITY INSURANCE $124 $124 $124 $206 $82 66.13% 81-20-6190 AUTO REPAIRS OUTSIDE SERVICES $2,274 $2,329 $2,329 $2,329 $0 0.00% 01-20-6200 EQUIP REPAIRS/NON VEHICLE OUTSIDE SERVICES $259 $1,500 $1,000 $1,500 $0 0.00% 81-20-7170 TRAVEL EXPENSE OTHER $3,446 $3,500 $5,500 $6,315 $2,815 80.43% 01-20-7221 OTHER EXPENSE OTHER $695 $275 $0 $275 $0 0.00% 01-20-7245 TUITION REIMBURSEMENT OTHER $0 $0 $0 $0 $0 CDIV/0! 01-20-9100 OFFICE EQUIPMENT CAPITAL EXPENDITURES $0 $0 $0 $0 $0 ~DIV/0~ 01-20-9910 OFFICE FURNITURE CAPITAL EXPENDITURES $0 $0 $0 $0 $0 ~DIV/0~ SALARIES & BENEFITS 9681,13~ $734,06~ $746,18~ 9794,94; SUPPLIES $7,36~ $9,40{ $7,75[ $7,90~ ($1500~ -15.95% PROFESSIONAL SERVICES 915,957 $23,70[ $23,40[ $23,637 UTILITIES $15,54~ $14,69{ $14,69{ $14,69~ $0 0.00% INSURANCE $77~ $77~ $77~ 92,30; OUTSIDE SERVICES $9,67{ $9,17~ $8,67~ $9,17~ $0 0.00% OTHER 913,861 $8,97~ $14,20[ S14,26~ CAPITAL EXPENDITURES $8,73~ $7,997 $8,497 $5,~5{ ($21~) -26.77% DEPARTMENT TOTALS $753,054 $808,78~ $824,~8; $872,77~ Fund: GENERAL FUND I Department: PUBLIC WORKS I Division: TRAFFIC (01-25) 31-25-1002 OVERTIME EARNINGS SALARIES & BENEFITS ~2,175 $500 $500 $3,000 $2,500 500.00% 31-25-1007 CAR ALLOWANCE SALARIES & BENEFITS ~0 $0 $0 $0 $0 ~DIV/0! 31-25-1120 EMPLOYERS SHARE T.M.R.S. SALARIES & BENEFITS ~38,691 $39,363 $39,363 $40,463 $1,100 2.79% 31-25-1131 INSURANCE-WORKMENS SALARIES&BENEFITS ~11,780 $15,979 $15,979 $16,461 $482 3.02% 31-25-1135 HEALTH INSURANCE SALARIES & BENEFITS H 9,473 $23,566 ~23,566 $34,701 $11,135 ~7.25% 31-25-2100 OFFICE SUPPLIES SUPPLIES ~589 $455 $455 $455 $0 3.00% 31-25-2320 GAS, OIL & GREASE SUPPLIES ~3,876 $3,120 $3,120 $4,498 $1,378 ~4.17% 31-25-2360 SMALL TOOLS SUPPLIES ~591 $0 $0 $500 $500 ~DIV/0! ~1-25-4110 H EAT,LIGHT,WATE R UTIL JTILITIES ~48,285 $43,860 $43,860 $43,860 $0 ~.00% 31-25-5500 INSURANCE-AUTO LIABILI~ NSURANCE ~621 $621 ~621 $1,033 $412 ~6.34% 31-25-6190 AUTO REPAIRS 3UTSIDE SERVICES H 0,690 $5,458 $5,458 $8,587 $3,129 57.33% 31-25-6200 EQUIP REPAIRS/NON VEHICLE 3UTSIDE SERVICES ~0 $0 $0 $0 $0 ~DIV/0i 31-25-7150 DUES & SUBSCRIPTIONS 3THER ~320 $400 $320 $400 $0 3.00% 31-25-7202 MICRO COMPUTER SOF~ARE 3THER ~0 $700 $500 $700 $0 3.00% 31-25-7240 TUITION & TRAINING 3THER ~494 $1,475 $0 $1,440 ($35) -2.37% 31-25-7260 EQUIPMENT RENTAL 3THER ~0 $1,200 $700 $700 ($500) -41.67% SALARIES & BENEFITS $364,384 $381,474 $381,47~ $405,814 $24,340 S.38% SUPPLIES $101,781 $126,382 $126,33~ $137,835 UTILITIES $51,156 $46,526 $46,52( $46,526 OUTSIDE SERVICES $57,085 $83,034 $123,03z $99,604 OTHER $1,041 $4,575 $2,46~ $3,915 ($660) .14.43% CAPITAL EXPENDITURES $20,832 $22,280 $22,28( $15,357 --und: GENERAL FUND I Deparlment: PUBLIC WORKS I Division: FACILITY MAINTENANCE (01 3/ 35 /002 OVERTIME EARNINGS SALARIES&BENEFITS $//65 ~500 $/500 ~//23 $623 /24 60% }/ 35 /007 CAR ALLOWANCE SALARIES & BENEFITS $4384 ~0 $6025 ~7200 $7200 ~DIV/0! =und: GENERAL FUND I Department: PUBLIC SAFETY I Division: FIRE (01~40) :und: GENERAL FUND I Depar~nent: PUBLIC SAFETY I DJ~lsJon: POLICE (01 ~0) Fund: GENERAL FUND I Department: PARKS I Division: PARKS (01-70) ~1-70-1002 OYERTIME E^RNINGS S^[_^RIES & BENEFITS ~3~,322 $20,000 $30,000 ~20,000 $0 ).00% ~vi ~ ~1-70-9900PARKIMPROVEMENTS CAPITAL EXPENDITURES ;6,026 $30,000 $30,000 ~15,000 ($15,000) 50.00% Fund: GENERAL FUND I Department: PARKS I Division: SWIMMING POOL (01-75) 01-75-1002 OVERTIME EARNINGS SALARIES & BENEFITS $12,024 ~6,000 $6,000 ~6,000 $0 0.00% 01-75-1120 EMPLOYERS SHARE T.M.R.S. SALARIES & BENEFITS $0 ~0 $0 ~0 $0 ~DIV/0! 01-75-3010 POSTAGE PROFESSIONAL $1,029 ~1,950 $1,950 ~1,450 ~500) -25.64% SERVICES 01-75-4110 H EAT,LIGHT,WATER UTIL UTILITIES $0 ~0 $0 ~0 $0 CDIV/0! D1-75-6189 SWIMMING POOL REPAIRS OUTSIDE SERVICES $15,329 ~18,500 $18,500 ~15,000 (~SS00} -18.92% 81-75-9201 MICRO COMPUTER CAPITAL EXPENDITURES $0 ~0 $0 ~0 $0 CDIV/0! EQUIPMENT SA~RIES & BENEFITS $129,50~ $106,000 $121,00( $125,500 PROFESSIONAL SERVICES $16,02~ $16,950 $1,95( $1,450 ($15,500) -91.45% UTILITIES $C OUTSIDE SERVICES $15,32~ $18,500 $18,50( $15,000 ($3,500) -18.92% OTHER $30,69; $30,000 $30,00( S25,000 CAPITAL EXPENDITURES $( $0 $( $0 $0 CDIV/0! DEPARTMENT TOTALS $191,56: $171,450 $171,45( $166,950 Fund: GENERAL FUND I Department: PUBLIC WORKS I Division: STREETS (01-80) 31-80-1002 OVERTIME EARNINGS SALARIES&BENEFITS ~25,050 $30,000 $15,000 315,000 ($I5,000) -50.00% 31-80-1007 CAR ALLOWANCE SALARIES & BENEFITS ~7,200 $7,200 $7,200 ~7,200 $0 0.00% Fund: GENERAL FUND I Department: FINANCE I Division: TRANSFERS (01-85) 91-85-4120 TELEPHONE SERVICE UTILITIES $0 $0 $0 50 $0 ~DIV/0! 01-85-7153 CAPITAL PROJECTS CONTRIB OTHER $702,000 $917,000 $0 5944,510 $27,510 3.00% 01-85-9582 CURB & GUTTER CAPITAL $902,275 $811,275 $0 ~877,224 $65,949 B.13% EXPEN DITU RES UTILITIES $0 $~ $0 $0 $0 ~DIV/0! OUTSIDE SERVICES $510,000 $510,00~ $0 $541,059 OTHER $702,000 $917,00~ $0 $944,510 $27,510 ~.00% TRANSFERS $0 $~ $0 $0 CAPITAL EXPENDITURES $1,202,275 $1,111,275 $0 $1,195,494 $84,219 7.58% DEPART~ENTTOTALS $2,414,275 $2,538,275 $0 $2,681,063~ ~ Fund: WATER &SEWER FUND I Department: FINANCEI Division: REVENUES (02-11) 02-11-3451 WATER SALES-COMMERCIAL REVENUE ~;167,516 ~;459,125 $0 $459,125 $0 0.00% 02-11-3453 WATER SALES-PARKS/CITY REVENUE $0 $0 $0 $0 $0 #DIV/0! 02-11-3521 WATER SALES-SMU REVENUE ~605,085 ~430,000 $0 $430,000 $0 0.00% 02-11-3523 METER INSTALLATION REVENUE ~118,196 ~65,000 $0 $65,000 $0 0.00% 02-~ ~-353~ S~W~ CHA~G~S ~V~U~ $0 $0 $0 $0 $0 ~DIV/0~ 02-~-3533 SfiWfi~ Pfi~MIIS ~fiVfi~Ufi $~03,~¢5 $¢0,000 $0 $¢0,000 $0 0.00% ~V~N~ 02-11-3551 SEWER CHRG-COMMERCIAL REVENUE ~146,344 ~233,750 $0 $233,750 $0 0.00% 02-11-3850 AUCTION/SALE OF EQUIPMENT REVENUE ~0 ~2,000 $0 $2,000 $0 0.00% 02-11-3910 GAIN(LOSS) - INVESTMENTS REVENUE $0 $0 $0 $0 $0 ~DIV/0~ 02-11-3999 OTHER REVENUE REVENUE ~9,197 ~3,600 $0 $3,600 $0 0.00% REVENUE $8,957,095 $9,451,675 $0 $9,451,675 i~ DEPAR~ENTTOTALS $8~957~095 $9~451~675 $0 $9~451~675 $0 0.00% Fund: WATER & SEWER FUND I Department: FINANCE I Division: UTILITY OFFICE (02-21) :und: WATER & SEWER FUND I Deparl~ent: PUBLIC WORKS I Division: UTILITIES (02-22) iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~i~i~i~i ~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiii~iiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiii~iiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiii~iiii Fund: WATER & SEWER FUND I Department: FINANCE I Division: TRANSFERS (02-85) 92-85-8500 TRANSFERS TRANSFERS ~0 ~0 $0 $0 ~0 ~DIV/0! 92-85-9990 INFRASTRUCTURE CAPITAL ~76,000 ~76,000 $0 $80,628 ~4,628 6.09% EXPEN DITU RES OUTSIDE SERVICES $135,000 $135,000 ${ $143,22; TRANSFERS $0 $0 ${ ~{ ~0 ~DIV/0! CAPITAL EXPENDITURES $1,626,000 $1,626,000 ${ $1,725~02~ DEPARTMENT TOTALS $~,76~,000 $~,76~,000 $( $~,868,24{ ~107,245 6.09% Fund: SANITATION FUND I Department: FINANCE I Division: REVENUES (04-11) 04-11-3500 REFUSE COLLECTION CHARGES REVENUE $0 $0 $0 50 ~;0 gDIV/0! 04-11-3503 YARD WASTE BAGS REVENUE REVENUE $74,134 $77,000 $0 577,000 30 3.00% D4-11-3540 REFUSE COLL- RESIDENTIAL REVENUE $1,218,400 $1,371,700 $0 51,371,700 30 3.00% ~11-3542 REFUSE COLL-CHURCH/SCHOOL ~EVENUE $77,341 $137,500 $0 5137,500 30 3.00% ~4-11-3800 CONTRIBUTION-GENERAL FUND ~EVENUE $0 $0 $0 50 t;0 gDIV/0! 84-11-3900 INTEREST EARNINGS REVENUE $15,728 $18,000 $0 518,000 30 3.00% 04-11-3995 OTHER SOURCES/EQUITY TRSF REVENUE $0 $0 $0 50 ~;0 gDIV/0! REVENUE $1,924,40~ $2,231,45C $£ $2,231,45( t;0 3.00% DEPARTMENT TOTALS $1,924,406 $2,231,45(~ $( $2,231,45( =und: SANITATION FUND I Department: PUBLIC WORKS I Divisien: SANITATION (04~0) 34 60 1002 OVERTIME EARNINGS SA~RIES & BENEFITS ;32848 $35000 ;O $35000 ;O O 00% --und: EQUIPMENT SERVICES FUND I Department: FINANCE I Division: GARAGE (47-30) ~7 30 /002 OVERTIME EARNINGS }ALARIES & BENEFITS $4859 5000 $2500 ;5000 $0 ~ 00% ~7 30 /007 CAR ALLOWANCE }ALARIES & BENEFITS $0 0 $0 0 $0 ~DIV/0J ~7 30 //20 EMPLOYERS SHARE T M R S }ALARIES & BENEFITS $53 292 49856 $50 /06 58795 $8939 /7 93% ~7 30 //30 INSURANCE EMPLOYEE LIFE }ALARIES & BENEFITS $2/3/ /947 $2096 2049 $/02 5 24% ~ so ms ~su~c~ u~o~ ~s a s~n~s ~o o ~o o ~o ~D~W0~ ~7 30 2029 CLOTHIN6 ALLOWANCE }UPPLIES $/634 2559 $2000 2559 $0 ~ 00% ~ so ss~s co~u~ su~u~s ~u~u~s ~o o ~o o ~o ~D~W0~ ~7 30 2350 SUPPLIES & MATERIALS }UPPLIES $/7 850 17800 $13000 /5500 ~ ~8U /292% ~7 30 30/0 POSTA6E ~ROFESSIONAL SERVICES $23 0 $0 25 $25 ~DIV/0J ~7 30 3063 PRO6RAMMIN6/MAINTENANCE ~ROFESSIONAL SERVICES $4590 9646 $9646 3430 ~b~b 64 44% ~7 30 4//0 HEAT LI6HT WATER UTIL JTILITIES $19820 17114 $0 17114 $0 } 00% ~7 30 5500 INSURANCE AUTO LIABILITY NSURANCE $/// /// $0 /85 $74 }6 67% ~7 30 6/90 AUTO REPAIRS )UTSlDE SERVICES $/860 3030 $2600 3030 $0 } 00% ~7 30 6200 EQUIP REPAIRS/NON VEHICLE )UTSlDE SERVICES $0 2000 $2509 2000 $0 } 00% ~7 30 7/55 VEHICLE RELATED EXPENSE )THER $0 0 $0 0 $0 ~DIV/0J ~7 30 7202 MICRO COMPUTER SOFTWARE )THER $/546 /700 $/700 3200 $/500 }8 24% ~7 30 7240 TUITION & TRAININ6 )THER $860 2/00 $/800 /425 (~?~ 32/4% ~7 30 7260 EQUIPMENT RENTAL )THER $96 900 $450 900 $0 } 00% ~7 30 9000 CAPITAL EQUIPMENT REPLACE 3APITAL E~ENDITURES $0 6779 $6779 6779 $0 } 00% ~7 30 9//0 RADIO EQUIPMENT 3APITAL E~ENDITURES $0 0 $0 0 $0 ~DIV/0J ~7 30 9575 6ARA6E EQUIPMENT 3APITAL E~ENDITURES $5643 /6500 $16129 //500 ~ /ri 30 30% ~7 30 9985 CAPITALIZED EXPENDITURES 3APITAL E~ENDITURES ~ 5~ ~0 $0 0 $0 ~DIV/0J SALA~S a B~F~TS $502 ~0 $4n 24c $5~8 5s $568 62c SUPPLIES $2064 $22299 $/6/0( $/ 2~i ~0'~: /379% PROFESSIONAL SERVICES $46/ $9886 $976 $5 9 UTILITIES $2259 $19780 $( $1q78 $0 000% INSURANCE $68 $68a OUTSIDE SERVICES $/86~ $5030 $5/0 $503C $0 0 00% OTHER $75865 $8/9~ $746~ CAPITAL BPENDITURES $2~ $25// $24 //~ $1827 ~t840 2723% BE~E~ ~O~L8 ~1,311,1~ ~6~,~3~ ~81,0~ ~6~6,3~1 $84119 /496% Filename Overview of FY04 Proposed Budget xls Tab Garage Budget Last Printed 8//4/20034 26 PM =und:EQUIPMENTSERVICES FUND I Department:FINANCE I Division: WAREHOUSE (47-34) iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iii~i~iiiiiiiiiiiiiii~iiiiiiiiiiiiiiii~iiiii~i?i ~iiiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiii~iiiiiiiiiiiii iiiiiiiiiiiiii~iiiiiiiiiiiii iiiiii~i~iiiii ~7 34 1002 OVERTIME EARNINGS 3A~RIES & BENEFITS $2095 $2 000 ~2OOO $2000 ~7 34 I 110 EMPLOYERS SHARE F I C A ~A~RIES & BENEFITS ~9586 $10068 ~ 10068 $10 259 ~7 34 1130 INSURANCE EMPLOYEE LIFE ~A~RIES & BENEFITS ~734 $724 ~724 $738 ~7 34 1132 INSURANCE UNEMPLOYMENT ~A~RIES & BENEFITS ~0 $0 ~0 $0 ~7 34 2029 CLOTHING ALLOWANCE ~UPPLIES ~407 $970 ~900 $970 ~7 34 2318 COMPUTER SUPPLIES ~UPPLIES ~0 $150 ~150 $150 ~7 34 2350 SUPPLIES & MATERIALS ~UPPLIES ~1 345 $1 020 ~1 020 $1 020 ~7 34 2720 GAS OIL & GREASE DEPT 20 ~UPPLIES ~0 $0 ~0 $0 ~7 34 2723 GAS OIL & GREASE DEPT 23 ~UPPLIES ~0 $0 ~0 $0 ~7 34 2735 GAS OIL & GREASE DEPT 35 ~UPPLIES ~0 $0 ~0 $0 ~7 34 2750 GAS OIL & GREASE DEPT 50 ~UPPLIES ~0 $0 ~0 $0 ~7 34 2770 GAS OIL & GREASE DEPT 70 ~UPPLIES ~0 $0 ~0 $0 ~7 34 3010 POSTAGE :ROFESSIONAL SERVICES ~48 $50 ~120 $50 ~7 34 4110 HEAT LIGHT WATER UTIL JTILITIES ~7163 $5 765 ~5765 $5765 ~7 34 5500 INSURANCE AUTO LIABILI~ NSURANCE ~55 $55 ~55 $92 ~7 34 6190 AUTO REPAIRS )UTSIDE SE~ICES ~1 606 $2494 ~2600 $2600 ~7 34 6200 EQUIP REPAIRS/NON VEHICLE )UTSIDE SE~ICES ~1 717 $9100 ~11 962 $9300 ~7 34 6703 AUTO REPAIRS DEPT 03 )UTSIDE SE~ICES ~0 $0 ~0 $0 ~7 34 6722 AUTO REPAIRS DEPT 22 )UTSIDE SE~ICES ~0 $0 ~0 $0 ~7 34 6725 AUTO REPAIRS DEPT 25 )UTSIDE SE~ICES ~0 $0 ~0 $0 ~7 34 6740 AUTO REPAIRS DEPT40 )UTSIDE SE~ICES ~0 $0 ~0 $0 ~7 34 6760 AUTO REPAIRS DEPT 60 )UTSIDE SE~ICES ~0 $0 ~0 $0 ~7 34 6780 AUTO REPAIRS DEPT 80 )UTSIDE SE~ICES ~0 $0 ~0 $0 ~7 34 7155 VEHICLE RE~TED EXPENSE )THER ~0 $0 ~0 $0 ~7 34 7202 MICRO COMPUTER SOF~ARE )THER ~0 $0 ~0 $1 150 ~7 34 7240 TUITION &TRAINING )THER ~0 $750 ~595 $625 ~7 34 7260 EQUIPMENT RENTAL )THER ~0 $0 ~0 $0 ~7 34 9110 ~DIO EQUIPMENT APITAL EXPENDITURES ~0 $0 ~0 $0 ~7 34 9570 WAREHOUSE EQUIPMENT APITAL EXPENDITURES ~2076 $0 ~2290 $0 ~7 34 9985 CAPITALIZED EXPENDITURES APITAL EXPENDITURES f; :;:i $0 ~0 $0 SA~RIES & BENEFITS $17303, $175567 $17556 $18349~ SUPPLIES $3 87: $5563 $549: $583 PROFESSIONAL SE~ICES $41 $50 $12[ $348E UTILITIES $9 42~ $9941 $994 $9941 INSURANCE $25 $251 $25 $21 OUTSIDE SE~ICES $332: $11594 $1456: $1190E OTHER $374~ $1925 $471; $312~ CAPITAL ~PENDITURES $1 67[ $8074 $1036z $4037 DEPARTMENT TOTALS $195,~T $212,965 $221,01~ $222,~28 --und: EQUIPMENT SERVICES FUND I Department: FINANCE I Division: REVENUES (47-11) ~7 11 3/6/ 02 VEH MAINTENANCE UTIL FUND ~EVENUE 119118 136913 136913 160035 ~23122 1689% ~7 // 3/62 0/ WHSE ALLOCATION GEN FUND ~EVENUE 60264 73100 73100 74097 ~997 I 36% ~7 // 3/62 04 WHSE ALLOCATION SANITATN ~EVENUE 26305 32101 32528 32528 ~427 I 33% ~7 // 3/63 02 VEH REPLACEMENT UTIL FUND ~EVENUE 9/938 85766 85766 87010 ~/244 I 45% ~7 / / 3850 AUCTION/SALE OF EQUIPMENT ~EVENUE 0 55000 0 55000 ~0 ) 00% ~7 // 3908GAIN(LOSS) FIXED ASSETS ~EVENUE 33792 0 0 0 ~0 fDIV/0J ~EVENUE $131887 $156068 $1280846 $1649650 AGENDA MEMO (08/20/2003 AGENDA) DATE: TO: FROM: SUBJECT: August 13, 2003 Honorable Mayor and City Council Kent R. Austin Adoption of 2003 Certified Tax Roll ITEM: Each year, taxing jurisdictions must officially adopt the tax roll upon which they will assess property taxes. The Dallas Central Appraisal District (DCAD) performs the property appraisal function for University Park and other taxing entities in Dallas County. Property value information for this year and last year is as follows: 2003 2002 % Change Market value $4,950,370,340 $4,821,440,160 2.67% Taxable value $3,769,405,331 $3,553,903,488 6.06% New construction $90,559,748 $92,522,346 -2.17% The primary reason for the overall taxable value rising faster than the market value is the release of capped parcels. Last year, the tax roll included 2,717 parcels with a capped value loss of $206 million. This year, 1,298 parcels with a value of $85 million are capped. As a result, over $121 million in formerly capped value is now on the tax roll. RECOMMENDATION: Staff recommends approval of the resolution adopting the 2003 appraisal roll. ATTACHMENTS: · Certification of Appraisal Roll document · Resolution adopting 2003 appraisal roll 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 C:\Documents and Settings~nwilson\Local Settings\Temporary Internet Files\OLK21\Tax roll memo 082003.doc 08/14/03 3:11 PM CERTIFICATION OF APPRAISAL ROLL Year: 2003 ~[, ~ Jurisdiction: CITY OF UNIVERSITY PARK In accordance with the requirements of the Texas Property Tax Code, Chapter 26, Section 26.01, paragraphs {A) and (B}, the following values are hereby certified: Market Value of all Real & Bus Pers Prop Before Qualified Exemptions* Taxable Value of all Real & Bus Pets Prop After Qualified Exemptions $4,950,370,340 $3,769,405,331 In accordance with the requirements of the Texas Property Tax Code, Chapter 26, Section 26.01, paragraph (C}, the following values are hereby certified as disputed values and are not included in the above totals: Values under protest as determined by the Appraisal District Market Value $4,977,160 Market Value $3,732~869 Taxable Value 54,643,406 Taxable Value $3,513,096 Values under protest as c~aimed by property owner or estimated by Appraisal District in event property owner's claim is upheld I, Foy Mitchell, Jr., Director/Chief Appraiser of the Dallas Central Appraisal District, do hereby certify the aforementioned values and totals to the taxing jurisdiction indicated above, in accordance with the requirements of the laws of the State of Texas. Dallas Central Appraisal District Witnessed this 25th day of Jul~7'~003. )~',ssmnEx;,mNotary Public, Dallas County, Texas *Total Value of New Construction $90,559,748 {Included in Certified Market Value above) 2949 N. Stemmons Freeway, Dallas, Texas 75247-6195 (214) 631-0520 CER1 7/C2 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK, TEXAS, ADOPTING THE 2003 APPRAISAL ROLL OF THE DALLAS CENTRAL APPRAISAL DISTRICT FOR THE CITY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City's assessor and collector of taxes has submitted to the City Council the 2003 tax appraisal roll compiled by the Dallas Central Appraisal District; and WHEREAS, the City Council is of the opinion that the 2003 appraisal roll should be approved and adopted; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK, TEXAS: SECTION 1. That the 2003 appraisal roll for the City of University Park, as presented by the Dallas Central Appraisal District, be, and the same is hereby, approved and adopted in all respects showing a total appraised property value of $4,950,370,340, new property added to the tax roll of a taxable value of $90,559,748, and a total taxable value of property, after exemptions, for 2003 of $3,769,405,331. SECTION 2. This Resolution shall take effect immediately from and after its passage, and it is accordingly so resolved. DULY PASSED by the City Council of the City of University Park, Texas, on the day of ,2003. APPROVED: APPROVED AS TO FORM: HAROLD PEEK, MAYOR ATTEST: CITY ATTORNEY NINA WILSON, CITY SECRETARY 49776 AGENDA MEMO (08 -20 -03 AG E N DA) DATE: TO: FROM: SUBJECT: August 14, 2003 Bob Livingston City Manager Gene R. Smallwood, P.E. Director of Public Works Consider bids received for in-place recycling of asphalt pavements along various City streets. Backg round. and the newspaper regarding in-place following streets: STREET FROM TO Amherst Airline Durham Baedeker Southwestern Hanover Bryn Mawr Airline Baedeker Douglas University Lovers Lane Granada Hillcrest High School Grassmere Preston Westchester Hillcrest Caruth NW Hwy Hyer Preston Westchester Key Granada Binkley Lovers Lane Douglas Preston Normandy Armstrong Lovers Lane Purdue Durham Hillcrest Shenandoah Douglas Toll Road Southwestern Hillcrest Baedeker A solicitation for bid notice was sent to contractors, plan rooms, recycling of asphalt pavement for the Stanford Hillcrest Airline Stanhope Armstrong Lomo Alto University Preston Toll Road Vassar Turtle Creek Blvd (intersection) Westchester Emerson Grassmere Windsor Preston Lomo Alto Similar to recent years, only one bid was received from Cutler-Repaving from Lawrence, Kansas. Cutler's bid for the above-referenced work was $311,671.25. In addition to the amount of the bid, the specifications call for the City to provide the asphalt used by the contractor. Using the current annual contract the City has with Austin Paving at $27 per ton, the additional cost for asphalt would be $123,849. Therefore, the total cost of the project presented for City Council approval is $435,520.25 Recommendation. Staff recommends City Council approval of the bid of Cutler- Repaving in the amount of $311,671.25, and authorize staff to expend $123,849 to purchase asphalt for the project. AGENDA MEMO (08 -20 -03 AG E N DA) DATE: TO: FROM: SUBJECT: August 14, 2003 Bob Livingston City Manager Gene R. Smallwood, P.E. Director of Public Works Consider Interlocal Agreement with the City of Dallas for the reconstruction of Lovers Lane, from Boedeker east to Willard. Background. Pursuant to recent City Council action at their 08-05-03 meeting to authorize the design of Lovers Lane, Hillcrest east to Willard, the attached interlocal agreement (ILA) with the City of Dallas provides for University Park to furnish design and construction administration services for the entire project. Furthermore, the ILA details financial responsibilities for the work. Generally, University Park, in administering both the design and construction contracts, will pay the engineering consultant and subsequently the contractor and Dallas will reimburse University Park for their share of those costs. The City Attorney has reviewed the ILA, and his comments have been incorporated into the attached document. Recommendation. Staff recommends City Council approval of the interlocal agreement with the City of Dallas. INTERLOCAL AGREEMENT BETWEEN THE CITY OF UNIVERSITY PARK AND THE CITY OF DALLAS FOR CONSTRUCTION OF PAVING IMPROVEMENTS ON LOVERS LANE FROM BOEDEKER STREET TO 100' E. OF WILLARD DRIVE WHEREAS, the City of University Park, Texas ("University Park") and the City of Dallas ("Dallas") desire to enter into an agreement for the construction of paving improvements on Lovers Lane from Boedeker Street to 100' east of Willard Drive in Dallas County, Texas (the "Project"); and WHEREAS, the Interlocal Cooperation Act (Texas Government Code, Chapter 791, as amended) authorizes any local government to contract with one or more governments to perform governmental functions and services under the terms of the Act; and WHEREAS, University Park and Dallas have determined that the improvements may be most economically implemented by this Agreement. NOW, THEREFORE, in consideration of mutual promises, covenants and conditions contained herein, this Agreement is made and entered into by University Park and Dallas as follows: WITNESSETH: ARTICLE University Park shall, through its design consultant, prepare plans and specifications, advertise, and bid improvements needed for the Project. Dallas agrees to fund its share of the design cost in an amount not to exceed $34,000, based on the design fee proposed by the consultant for that portion of the improvements lying within Dallas. Dallas, acting through its Department of Public Works and Transportation, shall review and approve plans and specifications for Dallas prior to University Park's contractor beginning work on the portion of the Project located in Dallas. University Park shall coordinate plans, specifications, language, and standards with Dallas prior to advertising the Project to accommodate the parties' needs. Town of Universit~ Park - Interlocal Agreement 1 ARTICLE II. No additional right-of-way will be required to complete the Project. All work will be performed within the existing right-of-way of the Project owned by University Park and Dallas. ARTICLE III. University Park shall bid and award a contract to construct the improvements and administer the construction contract for the Project. Dallas, acting through its Department of Public Works and Transportation staff, will review and approve the bid amount for the paving improvements to the portion of the Project located within Dallas. If Dallas does not approve the above mentioned bid amount, University Park agrees not to include the paving improvements located in Dallas in the contract award. In addition, Dallas, acting through its Department of Public Works and Transportation staff, shall provide inspection of the paving improvements. In all such activities, Dallas and University Park shall comply with all state statutory requirements. The construction of the Project shall include, but not be limited to, pay items and unit costs, materials testing, inspection and construction engineering, and contingencies. ARTICLE The total estimated design cost for that portion of the improvements lying within Dallas is $34,000. The total estimated cost of the paving improvements within and/or on Dallas' portion of the Project, including but not limited to removal of existing pavement, subgrade stabilization, construction of 9" concrete pavement with curb, gutter, and sidewalks, inlets, and other items necessary to complete the work, is $845,837. Dallas agrees to fund both the design and the construction of the paving improvements for the portion of the Project within and/or in Dallas in an amount not to exceed $879,837 (hereinafter, the "Not to Exceed Amount"). In those instances where Dallas has approved the bid amount for the paving improvements to the portion of the Project located within Dallas, Dallas shall remit to University Park its share of the design funding and the construction funding within thirty (30) days after notice from University Park that University Park intends to award the construction contract for the Project. In the event that the cost of the paving improvements causes the sum of the design and construction costs to exceed the Not to Exceed Amount, Dallas and Town of Universit~ Park - Interlocal Agreement 2 University Park agree to either reduce the scope of construction or obtain additional funding to complete the work. In the event additional funds are needed for additional~ agreed upon work, University Park will bill Dallas, who agrees to pay such additional funds within thirty (30) days after receipt of such billing and approval of the funding by the Dallas City Council. If University Park determines during construction that there is a need for a plan/specification revision or for any other type of change order to the construction contract, University Park shall submit the proposed revisions or changes to Dallas for review and approval prior to issuing a change order or other directive to the construction contractor. Dallas shall also notify University Park of any changes Dallas wants made to the Project scope of work or the plans and specifications. Following completion of the Project, University Park shall provide to Dallas a final accounting of expenditures for the Project. Any funding provided by Dallas that remains unspent at the final completion of the Project shall be returned to Dallas within sixty (60) days after completion of the final accounting. ARTICLE V. University Park shall prepare for Dallas an itemized statement specifying the Project costs that have been incurred to date and shall submit to Dallas detailed Project cost and progress reports every thirty (30) days until the Project is complete. ARTICLE University Park and Dallas agree that the party paying for the performance of governmental functions or services shall make those payments only from current revenues legally available to the paying party. ARTICLE To the extent allowed by law, and without waiving any governmental immunity available to the parties under Texas law, or any other defense the parties are able to assert under Texas law, Dallas and University Park each agree to be responsible for its own negligent or otherwise tortuous acts or omissions in the course of performance of this Agreement. Nothing in this Agreement shall be construed as creating a joint enterprise, partnership or joint venture between the parties. Town of Universit~ Park - Interlocal Agreement 3 ARTICLE VIII. The laws and court decisions of the State of Texas shall govern the interpretation, validity, performance and enforcement of this Agreement. The parties agree that this Agreement is performable in Dallas County, Texas, and that exclusive venue for any action to enforce this Agreement shall lie in Dallas County, Texas. ARTICLE IX. The provisions of this Agreement are severable. If any paragraph, section, subdivision, sentence, clause, or phrase of this Agreement is for any reason held by a court of competent jurisdiction to be contrary to law or contrary to any rule of regulation having the force and effect of the law, the remaining portions of the Agreement shall be enforced as if the invalid provision had never been included. ARTICLE X. This Agreement embodies the entire agreement between the parties, superseding any oral or written prior or contemporaneous agreements or understandings, and may only be modified in writing by a supplemental agreement executed by both parties. ARTICLE This Agreement shall be binding upon the parties hereto, their successors and assigns. Neither party will assign or transfer an interest in this Agreement without the written consent of the other party. ARTICLE It is expressly understood and agreed that, in the execution of this Agreement, neither party waives, nor shall be deemed hereby to have waived any immunity or defense that would otherwise be available to it against claims arising in the exercise of governmental powers and functions. By entering into this Agreement, the parties do not create any obligations, express or implied, other than those set forth herein, and this Town of Universit~ Park - Interlocal Agreement 4 Agreement shall not create any rights in any persons or entities who are not parties to this Agreement. ARTICLE Xlll. This Agreement shall be effective upon execution by both parties and shall continue in effect until final acceptance of the Project. EXECUTED as of the__ day of University Park Council Action, dated the City of Dallas Council Resolution No. , pursuant to the City of , __ and , dated APPROVED AS TO FORM: Robert L. Dillard III City Attorney CITY OF UNIVERSITY PARK Harold Peek Mayor By: City Attorney By: Mayor APPROVED AS TO FORM: MADELEINE B. JOHNSON City Attorney CITY OF DALLAS TEODORO J. BENAVlDES City Manager By: Assistant City Attorney By: Assistant City Manager Town of Universit~ Park - Interlocal Agreement 5 MEMORANDUM DATE: TO: FROM: SUBJECT: August 14, 2003 Honorable Mayor and Members of the City Council Bob Livingston, City Manager Continuation of Discussion Regarding Pay and Display Parking At the July 16th the City Council directed staff to investigate alternatives regarding "pay and display" parking for commercial areas in the City. Toward that end staff has been accumulating information regarding equipment cost as well as other information regarding this issue. Based on the Council's direction we intended to have a public meeting with property owners and merchants in these commercial areas sometime during the month of September. Several members of the Council, and others, have mentioned receiving negative comments regarding even considering this alternative. Because of this, I thought it might be wise to discuss the item further before proceeding with additional staff work necessary to prepare the presentation for the meeting. If you have questions, please let me know. 3800 UNIVERSITY BOULEVARD UNIVERSITY PARK, TEXAS 75205 TELEPHONE (214) 363-1644 C:\Documents and Settings~nwilson\Local Settings\Temporary Internet Files\OLK21\SNIDERPKG081303.doc 3:20 PM 08/14 AGENDA MEMO (08 -20 -03 AG E N DA) DATE: TO: FROM: SUBJECT: August 14, 2003 Bob Livingston City Manager Gene R. Smallwood, P.E. Director of Public Works Review realignment of Caruth - Turtle Creek Blvd intersection. Background. Working recently with the adjacent property owner at the northwest corner of the above-referenced intersection, City staff was trying to install a handicap accessible ramp. The construction opportunity was to get positive drainage at the corner, which for years has had standing water. Engineering Division staff developed a realignment of the north leg of the intersection that solves the drainage problem and allows for the installation of the handicap ramp. The design solution does significantly reduce the width of the southbound approach, which will also more clearly define the travel lanes. The attached drawing delineates the proposed alignment for Council's consideration. We would ask Council to authorize a change order in the amount of $44,853.75 to the contract with Ken-do Construction for the aforementioned work. On a related matter, staff will present another change order to Ken-Do's contract in September to adjust the scope of work on the remainder of the project to coincide with the authorized budget. Recommendation. Staff recommends City Council approval of the change to Ken- Do's contract for additional work at the intersection of Caruth and Turtle Creek Blvd.