FORT BEND COUNTY MUNICIPAL UTILITY DISTRICT NO. 124

The information provided on this page is for Fort Bend County Municipal Utility District No. 124. Below you can find links to information related to the financial and bookkeeping records for the District.

DISTRICT INFORMATION

BOARD OF DIRECTORS

John Bastawrous
President
Term Expires: May 2028

Jarrett Simpson
Vice President
Term Expires: May 2026

Luther Jack Moller
Secretary
Term Expires: May 2028

Michelle O’Neil
Assistant Vice President
Term Expires: May 2028

Johannes Malherbe
Assistant Secretary
Term Expires: May 2026

CONTACT INFORMATION

Mailing Address
(Not for Tax or Water Payments)
3200 Southwest Freeway, Suite 2600
Houston, Texas 77027
Phone: (713) 860-6400
Email: [email protected]

OPERATOR

Municipal District Services, LLC
Attn: Dana Sharbonno
Mailing Address:
406 West Grand Parkway S, Suite 260
Katy, Texas 77494
Phone: (281) 290-6500

TAX CONSULTANT

Assessments of the Southwest, Inc
Mailing Address:
Po Box 1368
Friendswood, Texas 77549
Phone: (281) 482-0216

BUDGET INFORMATION

APPROVED BUDGET – 7/31/2020

APPROVED BUDGET – 7/31/2021

APPROVED BUDGET – 7/31/2022

APPROVED BUDGET – 7/31/2023

APPROVED BUDGET – 7/31/2024

APPROVED BUDGET – 7/31/2025

Change in the District’s Revenue from 2024 to 2025 : $235,410; 8.78%
Change in the District’s Expenses from 2024 to 2025: $84,950; 3.29%

The amount of property tax revenue budgeted for maintenance and operations for the preceding two years and current year:

2023: $1,498,000
2024: $1,670,000
2025: $1,806,310

The amount of property tax revenue budgeted for debt service for the preceding two years and current year:

See attached budgets.

For additional Budget information, please click on the above Approved Budget link.

FINANCIAL INFORMATION (ANNUAL AUDIT)

FINANCIAL REPORT – 7/31/2018

FINANCIAL REPORT – 7/31/2019

FINANCIAL REPORT – 7/31/2020

FINANCIAL REPORT – 7/31/2021

FINANCIAL REPORT – 7/31/2022

FINANCIAL REPORT – 7/31/2023

For additional Audit information, please click on the above Financial Report link.

TAX INFORMATION

Adopted 2019 Tax Rate (per $100 of assessed valuation) – Total: $0.86
Maintenance & Operations: $0.53
Debt Service: $0.33

Adopted 2020 Tax Rate (per $100 of assessed valuation) – Total: $0.86
Maintenance & Operations: $0.53
Debt Service: $0.33

Adopted 2021 Tax Rate (per $100 of assessed valuation) – Total: $0.86
Maintenance & Operations: $0.545
Debt Service: $0.315

Adopted 2022 Tax Rate (per $100 of assessed valuation) – Total: $.810
Maintenance & Operations: $0.545
Debt Service: $0.265

Adopted 2023 Tax Rate (per $100 of assessed valuation) – Total: $0.784
Maintenance & Operations: $0.509
Debt Service: $0.275

Adopted 2024 Tax Rate (per $100 of assessed valuation) – Total: $0.752
Maintenance & Operations: $0.482
Debt Service: $0.270

NOTICE OF PUBLIC HEARING ON TAX RATE – 2024

MEETING INFORMATION

The district generally meets on the Fourth Friday of the month at noon at 3200 Southwest Freeway, Suite 2600, Houston, Texas 77027. Specific meeting date/time and location are included on meeting agendas.

2024

2023

2022

2021

2021-12-17 – Regular: Agenda | Minutes
2021-11-19 – Regular: Agenda | Minutes
2021-10-22 – Regular: Agenda | Minutes
2021-09-24 – Regular: Agenda | Minutes

Residents of the district have the right to request the designation of a meeting location within the district under Water Code Section 49.062(g). A description of this process can be found at https://www.tceq.texas.gov/waterdistricts.