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Comprehensive Annual Financial Report
September 30, 1995
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CITY OF DENTON, TEXAS
I COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the fiscal year ended September 30, 1996
l CITY MANAGER
` Lloyd V. Harrell
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1:XECUTIVE DIRECTOR OF FINANCE
Kathy L. DuBose, CPA, CGFO
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Prepared by:
Kristin Newman, CPA
controear
Becky Buck, CPA
A Senior tiaty Accountant
Julie Taylor, CPA I
Senior tnmty Accountant
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Susan Sullivan
Accountant 11
Tommy Wilson, CPA
Accountant a 4 0
Cheryl Davenport, CPA
Accountant I
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TABLE OF CONTENTS
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INTRODUCTORY SECflON:
Transmittal Letter .I
Organization Chart .....................................................ix
Certificate of Achiejentent , .....x
List of Principal Officials X1
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FINANCIAL SECnOM
Auditors' Report .......................................................1 E
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Genera' Purposo Financial Statements-
Combined Balance
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atemanlhoftRevenues, All
Expenditures and Changes in Fund 1
Balances • All Governmental Fund Types .................................8
Combined Statement of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual • General, Special Revenue Recreation Fund and
Debt Service Funds (Budget Basle) .....................................10
Combined Statement of Revenues, Expenses and Changes In Retained
Earnings • All Proprietary Fund Types .12
Combined Statement of Cash Flows • All Proprietary Fund Types 14
Notes to Financial Statements ..........................................18
Combining and Individual Fund Financial Statemems•and Schedules-
Combining Balance Sheet • All Special Revenue Funds ..........................48
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances (Deficit) • All Special Revenue Funds .......................50
Combining Balance Sheet • All Capital Projects Funds ..............54
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances (Deficit) - All Capital Projects Funds .............................56
Combining Balance Sheet • All Enterprise Funds ..............60
Combining Statement of Revenues, Expenses and Changes In Retained
Earnings (Deficit) • All Enterprise Funds .................................64
• Combining Statement of Cash Flows • All Enterprise Funds 66
Schedule of Revenues, Expenses and Changes In Retained
Earnings (Deficit) • Budget and Actual • l9vdget Basis) - All Enterprise Funds 70 I r
Combining Balance Sheet • Uti%y System ...............72
Combining Schedule of Revenues, Expenses and Changes In Retained
Earnings • Utility System . ..........76
Combining Schedule of Cash Flows • Utility System 78 ,
• Combining Balance Sheet - AM Internal Service Funds 84 Q
Combining Statement of Revenues, Expenses and Changes In Retained
Earnings (Deficit) - All Internal Service Funds ..............................86
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Combining Statement of Cash Flows • Ail Internal Service Funds . . 88 j
Schedule of Revenues, Expenses and Changes In Retslntd
Earnings (Deficit) • Budget and Actual • (Budget Bash I , Warehouse, Fleet Servic.-L,
E and Motor Pool Funds . .g0
Combining Balance Sheet • All Agency Funds . ....94
Statement of Changes In Assets and Liabilities • All Ape ley Funds 95
Supplemental Financial Information-
General Fund Supplemental Informatinn-
Schedule of Expenditures • Budget and Actual 1DO
Federal Energy Regulatory Commission Supplemental Information-
Electric Utility Schedule of Assets, Liabilities,and Capita( • Electric Operating Fund 112
Electric Utility Schedule of Net Income • Electric Operating fund 115
Electric Utility Schedule of Budget and Actual Expenses • Electric Operating Fund 116
STATISTICA1 SfC110N (UNAUDITED):
Table
1 General Government Expenditures by Function - Last Ten Fiscal Years 120
2 General Revenues by Source - Last Ten Fiscal Years 122
3 Property Tax Levies and Collections - lest Ten Fiscal Years 124
4 Assessed and Estimated Actual Vacua of Taxable Property -
Last Ten Fiscal Years •126
5 Property Tax Rates and Tax Levies • Direct ;nd Overlapping Governments -
` Last Ten Fiscal Years .....................128
6 Special Assessment Collections - Laic Ten Fiscal Years . . . . . . 129
7 Ratio of Net General Bonded Debt r. Assessed Value and Net
Bonded Debt Per Capita - Last Son Fiscal Yeats ........:..............130
8 Computation of Legal Debt Margin . 192
• 9 Computation of Direct and Overlapping Debt .......................133
10 Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total Gene d Expenditures - Last Ten Fiscal Years 134
11 Revenue Bond Debt Service Coverage • Lost Ten Fiscal Years 136
12 Propert} Value, Construction and Bank Deposits - List Ten Fiscal Years 138
13 Principal Taxpayers ................141
14 Schedulu of Insurance in Force . . . . . . . . . . . . .142 '
• 15 Demographic Statistks - Lest Ten Fiscal Years . ................144 p •
16 Miscellaneous Statistical Data .........................................146
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CITY OF DENTON. TEXAS I
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WTY of DENTON, TaXAS MUNICIPAL BULLDING 215 E. McKINNEY DENTON, TEXAS 76201
(817) 5668200 • DFW METRO 4342529
January 18, 1996
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TO: The Honorable Mayor, Members of City Council and Citizens of the City of Denton
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Submitted herewith is a copy of the Comprehensive Annual Financial Report of the
City of Denton for the fiscal year ended September 30, 1995. The responsibility for both the
l r ccuracy of the presented information and the completeness and fairness of the presentation of
the data, including all disclosures, rests with the City, To the best of our knowledge and belief,
the enclosed date are accurete In all material respects and are reported in a manner designed to
present fairly the end results of operations of the various funds and account groups of the City.
All disclosures necessary to enable the reader to gain an understanding of the City's financial
activities have been included. The Comprehensive Annual Financial Report Is presented in three
sections: introductory, financial and vadstical. The Introductory section includes this transmittal
letter, the City's organizational chart, and a list of principal officials. The financial section includes
the general purpose financial statements, the combining and individual fund and account group
financial statements and schedules, as well as the Auditor's Report on the financial statements
and schedules. The statistical section includes selected financial and demographic information,
generally represented oo a multi-year basis.
This report !includes all funds and account groups of the City. The City provides a
full range of services, which include police and fire protection; solid waste services; the
construction and maintenance of highways, streets and Infra-structure; and water, wastewater
and electric utilities.
Economic Condition and Outlook
• I a Recent events should have a positive effect on local economic conditions. The %o
sales tax to reduce property tax took effect In January, 1994. Sales tax receipts r
grew from $6,962,105 at September 30, 1994, to $10,147,978 at September 30,
1995.
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a The Outback Steakhouse became the newe►t restaurant chain to open a Denton
• I location. •
a JULS fJolnt Underground Locating Service) located Its dispatching center in Denton.
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a Having outgrown its location on North Elm, A•1 Rental constructed a new facility
on Interstate 35E.
"Dedicated to Qaafiry Service"
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Transmittal Letter (continued)
■ Southwest Mounding Co., Inc. expanded their facility by 25,000 square feat and
added an additional ten employees. Local manufacturers, Latham Custom Stair Rails
and Rutledge Wood Products, Inc , also expanded their facilities.
• Wal-Mart Stores, Inc. announced plans to construct a Wal-Mart Superstore in
Denton. The facility will be located on Loop 288 and Spencer Road and will provide
approximately 500 jobs.
• Sally Beauty Supply Company also announced plans for an 8,000 square foot
expansion of warehouse space.
• Other projects underway include Piney Creek, a residential development; an
apartment complex on McKinney and Woodrow; a new two-story office building on
Oak and Carroll Boulevard; and a mini-warehouse facility on 1.35E,
Major Initiatives
The City experienced tremendous growth In the early 1980s. in 1987, property
values increased by 26% percent over the prior year's values. Such rapid growth placed
considerable demand on the City's labor, equipment and inf estructure. Resources were more
readily available wt,en property values were high, end demand for services was met by increased
allocations in almost every area of City government. Unfortunately in 1989, property values
stopped Increasing and growth slowed significantly which limited resources, while the demand for
services remained high. Managers struggled to maintain the same level of services while
stretching decreasing resources as far as possible. The economic environment in he early 1990s
made budget preparation very difficult. For example, in 1992, managers were asked to reduce
their budgets by two percent. Budget preparation continued to be challenging in 1993.94, which
could only be classified as a maintenance budget, only marginally addressing pent-up demand from
previc-is years. Though there wasconslderable optimism that economic recovery was just around
the corner, in 1993 property values continued to decline.
Relief came In 1994, For the rirst time since 1989, the 1994 total assessed
-.aluation of the appraisal roll Increased two pence of othe ver the prior year, Thii of the increase meant eant that
the 1994.95 budget could begin to
Another major initlat;rvs greatly impacting the 1994.95 budget was the approval of
a yr a sales tax to reduce ad valorem taxes by the cl liens of Denton In January of 1994. The
reduction In ad valorem taxes prov4ded relief to City property owners while the additional X 0 sales
tax shifted a portion of the cost of City services to non-resident users of services.
The Increased property values plus the %0 sales tax allowed City Council to reduce `
the ad valorem tax rate by 25%, making the fifth straight year that City Council adopted a tax rate
at or below the effecOwe tax rate.
Another factor contributing to the better financial condition of the 1994.95 budget O O
was the modest 4% increase In the sales tax collection anticipated over prior years' collections.
The 1994.95 budget marked the first budget 111989 that both property values and sales tax
collections were anticipated to Increase, marking a sure sign the local economy had begun to
recover from Its sluggish past,
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Transmittal Letter (continued)
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Due to the promising recovery of the local economy, the 1994.95 budget addressed
some of the tremendous backlog of capital and other one-time needs postponed over the past few
years due to the lack of resources. Of the 41,148,678 of fund balance used to fund various City
needs, 82%, or #710,606, was used to fund one-time expenditures. In addition, the 1994.95
budget addressed some of the on-going operating needs associated with the opening of the Denton
Municipal Complex, the completion of the Denton Public Library-South and the opening of the
South Lakes Park.
Long-term projections Indicate continued growth and expansion for Denton welt
beyond the year 2000. To plan for the future, Denton embarked on a project called 'A Vision for
Denton-the 21 at Century,' which is a project begun In 1993 Intended to make Denton an even
better piece to live, work, and play. A broad-based group of people throughout the community.
Including civic and business leaders, educators and community groups continued to meet in 1994
and 1995 to map Denton's future, Currently, the committee, which is separated Into various work
groups, has formulated a recommendation which is now being discussed among the Vision cabinet
and City Council. The two main goals of the project are to determine what kind of community the
citizens would like Denton to be-not today, but ten to twenty years from today-and to make
{ this community-wide vision a reality.
There was no need for a bond election in 1994.95. There were enough existing
bonds remaining from the 1986 bond eleci'~n to fund a number of miscellaneous street
construction and drainage projects. However, the City has almost depleted all authority to sell
bonds for capital Improvement projects. A bond election to fund another Capital Improvement
Program (CIP) Is expected in 1996. The 1994-95 General Government CIP totaled 42.7 million
funded through existing bonds, interest earnings and General Fund resources. The Utility
[Departments (Electric, Water and Wastewater) continued their CIP program to replace necessary
items within the Utility Systems.
Flnanciellnfonnation
The management team of the City Is responsible for establishing and maintaining
an internai control structure designed to ensure that the assets of the City are protected from loss,
theft or misuse and to ensure that adequate accounting data are compiled to allow for the
preparation of financial statements M conformity with continued generally accepted accounting
principles. The internal control structure is designed to provide reasonable but not absolute
assurance that these objectives are met. The concept of reasonable assurance recognizes that
• (1) the cost of the controls should not exceed the benefits likely to be derived, and, (21 the
valuation of cost and benefits requires estimates and judgments by management.
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Single Audit
f As a recipient of federal snd state assistance, the City also Is responsible for
• ensuring that an adequate Internal control structure Is In place to ensure compliance with d 0
applicable laws and regulations related both to the state and federal programs. This internal
control structure is subject to periodic evaluation by management and the outside auditors of the
City's financial statements. As a part of the City's single audit, tests are made to determine the
adequacy of the Internal control strunture Including that portion related to the federal financial
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Transmittal Letter (continued)
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assistance programs, as well as to determine that the City has complied with applicable laws and
regulations.
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The result of the City's single audit of the fiscal year ended September 30, 1995
provided no Instances of materlal weaknesses In the internal control structure or significant j
violations of applicable laws and regulations,
Budgeting Controls
The City maintains budgetary controls to ensure compliance of legal provisions
embodied in the annual appropriated budget approved by the City Council, Activities of the
General Fund, Special Revenue Fund (Recreation Fund only), Debt Service Fund, the Enterprise
Funds and the Internal Service Funds (excluding Risk Retention) are included In the annual r
operating budget. Projected financial plans are adopted for the Capital Improvement Funds. The
f level of budgetary control (that is, the level at which expenditures cannot legally exceed the
appropriated amount) Is established by function activity within an individual fund, The City also
maintains an encumbrance accounting system as one technique of accomplishing budgetary
controls, and a technique of budgetary 'lock out" which will prevent a transaction from exceeding
legally appropriated budgetary amounts.
As demonstrated by the statements and schedules Included in the financial section
of this report, the City continues to meet its responsibility for sound financial management.
General Governmental Functions
The following schedule represents a summary of General Fund, Special Revenue
Funds and Debt Service Fund revenues for the fiscal year ended September 30, 1995 and the
amount and percentages of )ncressel(decrease) in relation to prior year amounts. The amounts
in this schedule are expressed In thousand of dollars.
Increase }
Percent of (Decrease) % of Increase
Revenues Amount Total from 1994 (Decrease) f
• Taxes 122,099 WAS, 1 340 1.58 E
Licenses and Permits 388 1.08 (31) 17.401 i
Franchise Fees 8,113 18.85 894 17,13
Fines and Forfeitures 1,553 4.23 358 29.98 I y '
Fees for Service 1,748 4.78 169 10.70 t.
• Interest 737 2.01 309 72.20 • 0
Intergovernmental 2,780 7,57 948 51.58
Miscellaneous 1,295 3,53 288 MOO
TOTAL 136,713 100,00% 13,273 9.79% I )
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Transmittal Letter (continued)
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The most significant increase In General Fund Reven:es from a continual source
` was In the Interest revenue category. This increase is attributed to an Increase in interest rates
and funds available to Invest.
The most significant decrease In General Fund revenues from a continual source
was in the licenses and permits category. This decrease was attributed to the decrease of building
activity.
The following schedule presents a summary of General Fund, Special Revenue
Funds, and Debt Service Fund expenditures for the fiscal year ended September 30, 1995, and
the percentage of incressel(decreasel In relaticn to prior year amounts. Once again, the amounts
stated in this schedule are expressed In thousands.
Increase % of
Percent of (Decrease) Increase
Expenditures Amount Total from 1994 (Decrease)
Current:
General Government 410,075 28.18 11,302 14.84
Public Safety 12,804 35.23 888 5.78
1 Public Works 4,374 12.22 250 8.08
Parks and Recreation 3,018 8.43 150 5.23
Capital Outlay 1,124 3.14 578 105.88
Debt Services:
Principal 3,098 8.55 38 1.24
Interest and Fiscal Charges 1,491 4.17 42841 415.04)
TOTAL 135,782 100.00% 12,740 8.29%
The most significant Increase In General Fund expenditures is in the capital outlay
category, This Increase Is attributed to the use of fu,td balance to address pent-up capital outlay
additions deferred in prior years.
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The most significant decrease In General Fund expenditures was In the Interest and
fiscal charges area. This decrease was due to the refundirn7 of bond Issues in 1993. k
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General Fund Balance
• The fundbalance of the General Fund increased by 13% In 1995. The fund balance 0 O
provides the City with an average of 49 working days of ♦ nditures. However, 1588,185 of
the balance Is reserved for encumbrances. In addition, within the unreserved portion of the fund
balance, 1521,548 of the balance Is dcslgnsied for subsequent year expenditures. +
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Transmittal letter (continued)
Proprietary Operations I
Enterprise Operations
The City's Enterprise Operations consist of a utility system which provides for I I
electric, water and wastewater services. The Enterprise Operations also include solid waste
senices for residential, commercial and landfill operations.
Electri rates Increased 1% In the base rate plus a 1.25% In the Enerj/ Cost I I
adjustment If needed. The average customer can expect a monthly Increase of 11.32. In the
Water Fund there was a 2.0% rate Increase, An average customer's cost increased $ .83 I I
monthly. Wastewater rates increased 8%. This new rate caused the average residential
wastewater bill to Increase $1.38 monthly,
In the Solid Waste Fund there was a 7.6% residential rate Increase and a 9.5%
Increase in the commercial rate. For residential customers, there was an increase in their monthly
bill of $ .85 and a 11.00 per cubic yard landfill disposal Increase, I
Internal Service Operations
The Internal Service Operations consist of the Warehouse, F'eet Services, Motor
Pool, and the Risk Retention Funds. The Warehouse Fund accounts for the financing of goods l I
provided by the Warehouse to other City departments. The Fleet Services Fund accounts for the
financing of goods and services provided by the Municipal Garage and Machine Shop to other
departments within the City. The Motor Pool Fund Is responsible for the purchase of City vehicles
not budgeted in other funds. The Risk Retention Fund accounts for the secumulation of resources
for the payment of workers compensation, general liability claims and Insurance policies. I Y
Fiduciary Operations
Agency Funds
The Agency Funds consist of Payroll, Deferred Compensation, and Other agency !
funds. The Payroll Fund is responsible for the collection and payment of the City's payroll and !
associated liabilities. The Deferred Compensation Fund accounts for City employees' Investments
in a deterred compensation plan. The Other agency funds account for various accumulations of
employee funds.
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Debt Administration
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At September 30, 1995, the City had 1^3,231,731 in General Obligation Bonds
outstanding, 184,804,995 In a Note Payable to the Corps of Engineers, $10,505,000 in
Certificates of Obligation and $54,395,000 of Utility System Revenue Bonds. The rw has
maintained an 'A1' rating from Moody's Investor's Service, Inc., and an 'AP - rating from • •
Standard And Poor's Corporation, on Its General Oblgation Bonds. Utility Revenu-r System Bonds {
have maintained an "A+' rating from Standard and PoVs Corporation while M rody's Investors I
Service, Inc, upgraded Datton's revenue bonds from 'A" to 'A1' In March, 103.
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Transmittal Letter (continued)
As was mentioned earlier, the City has developed a plan for Issuing annual General
Obl'gailon Bonds that were approved by the voters In a capital improvements plan. The
Certificates of Obligation are used for short-term construction projects and financing motor pool
vehicles, other equipment and landfill.
Cash Manegemant
The City follows an active program of cash management, keeping all temporarily
Idle funds in Interest-bearing accounts. These accounts are In the form of NOW accounts,
certificates of deposits, Local Government Investment Pools, Treasury Issues and Federal
government agency Instrumentalities. On August 31, 1995, the annualized yield on invemments
was 5.77%, compared to 4.99% and 4.82% for the same period In 1994 and 1993 respectively.
Investable funds as of September 30, 1995, were 1107 million, which Is an increase from
f 496.2 million in 1994 end 190.9 million In 1993. The longest investment maturity has been
lengthened from 58 days In 1987 to 1,521 days in 1995. As of September 30, 1395, the City's
average yield on Investments was 5.83% compared to 4.98% for the same perlod in 1994. The
City's Investment policy is to maximize yield with a minimal amount of risk while maintaining an
actively competitive yield on Its portfolio. Accordingly, all of the City's deposits are either Insured
by the Federal Deposit Insurance Corporation, the Federal Sav9nrs and Loan Insurance Corporation,
or are collateralized by governmenial securities. AM collateral on the Jeposits Is held by a third
party financial Institution's trust department In the City of Denton's narre. The Investments of the
Deferred Compensation Fund in which the City participates are held separately from those of other
I City funds by an outside trustee appointed by the City. State statutes authorize the City to Invest
in obligations of the U.S. Treasury and U.S. agencies, obligations of the State of Texas and related
agencies, repurchase agreements, municipal pools, and municipal securities of any state rated "A'
or above by a nationally recognized rating service.
1 Risk Management
The City has maintained a very aggressive program to Increase safety awareness
and training. Incentive programs, tdmporary alternate duty, medical case management, and the
decision to hire a part-time Occupational Health nurse should contain Workers' Compensation
expenditures growth in the future. Legal expenditures for general liability Issues havq Increased
steadily over the past two years and are anticipated to continue during the upcoming fiscal year. {
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Workers' General Program
i Compensation Liability Cost Transfer
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FY '95.98 Projected 1954,000 1527,000 1 1,481 175
FY '94-95 Actual 296,858 281,621 558,279 75
p The City purchases properly Insurance and Public Official's liability Insurance from O O
commercial carriers, all other exposures are self-Insured under the Risk Retention Program.
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Transmittal Letter (continued) I~
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Independent Audit `
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The City Charter requires an Independent audit of the accounts of the City by an
Independent auditor. The accounting firm of Deloitte 6 Touche LLP was selected by the City
Council to perform the annual audit. In addition to meeting the requirements set forth in the City
Charter, the audit was also designed to meet the requirements of the Federal Single Audit Act of
1984 and related OMB Circular A•128.
Awards
The Government Finance Officers Assocli tion (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City for Its Comprehensive Annual
Financial Report for the fiscal year ended September 30, 1994. In order to be awarded the
Certificate of Achievement in Financial Reporting, the City published an easily readable and
efficiently organized compfehensivs annual financial report. This report satisfies both generally
accepted accounting principles and applicable legal requirements. The Certificate of Achievement
is held for a period of one year only. We believe that our current Comprehensive Annual. Financial i
Report continues to meet the Certificate of Achievement requlraments and we are submitting it
to the GFOA to determine Its eligibility for another certificate,
The City has also received the GFOA's award for Distinguished Budget Presentation
for its 1995 annual appropriation budget, receiving 'An Outstanding Operations Guide' designa-
tion. In order to qualify for the Distinguished Budget P osentation Award, the City's budget
document was judged to be proficient In two categories including financial planning and as an
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operations guide, and exemplary ae a policy document and a communication device. The City has
submitted Its 1990 budget to the GFOA to determine its eligibility for another certificate. We i
believe that it continues to meet the Distinguished Budget Presentation Award criteria,
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Acknowledgments
I would like to thank all of the Finance Department staff, the department directors I
and division heads for their diligent efforts in the preparation of the annual financial report. A
tremendous amount of One and effort went Into the development of this report, especially by the
Accounting staff, I would also like to thank the City Council. It Is their strong leadership and
faithful support of the City that helped make the presentation of this report possible.
411Q`~Gu,f ~l --J S ,fltlfK r
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Kat tlu8ose, CPA Kristin W.:Jawman, CPA 1f
Executive Director of finance Controller
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CITY OF DENTON ORGANIZATIONAL CHART
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Certificate of
Achievement ! 1
for Excellence
in Financial l i
Reporting
Presented to
City of Denton,
Texas II
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1994
A Certificate of Achievemcm for Excellence in Financial
Reporting Is presented Iry the Government Finance Officers
Association of the United Siates and Canada to
government units and public employee retlrement
systems whose comprehensive annual financial
reports (CAF'Rs) achieve the highest I
standards in government accounting
r and financial reporting.
~A vr4 ~ ~ 1 /
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PPC
+a~~ President
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• ner~ n I I • O
Executne Director
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CITY OF DEMON
f List of Principal Officlala
September 30. 1996
ELECTEO OF=4LS
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Tide Name
Mayor Bob Castleberry
` Mayor Pro-Tom David Bilea
Councilmember Euline Brock
Councilmember Jerry Con
Counclmember Jeff Krueger i
Counclmcmbef Jack Miller
Councemember Cad G. Young, Sr. j
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CITY 0ARCIALS
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Tide Name
City Manager Lloyd V. Harrel
Deputy City Manager Puck Svehla
Executive Director of Finance Kathy L. DuBose
Executive Director of Utilities A. E. Nelson
Executive Director of Emergency Servkes Mike Jet
Executive Director for
Municipal Services and Economic Development Betty McKean
I. City Attorney Herbert Prvuty
City Secretary JennHer Walters a;
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Deloltte
_ Touc_e LIP
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yCenl or To A er 11 Telephone. 161733473300
{ s Sute 2950
301 Commerce Street
Fort Worth, Te"dS 76102
k` INDEPENDENT AUDITORS' REPORT
711-e Honorable Mayor and Members
of the City Council
City of Denton, Texas:
We have audited the accompany ing general purpose financial statements of the City of Denton, Texas
("City"), as of September 30, 1995, and for the )ear then ended, listed in the foregoing table of
contents. These general purpose financial statements are the responsibility of the management of the
City. Our responsibility is to express an opinion on these general purpose financial statements based
on our audit.
We conducted our audit in accordance with generally accepted auditing standards and Government
Auditing Standards issued by the Comptroller General of the United States. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the general purpose
financial statements are free of material misstatement. An audit includes examining, on a test basis.
E evidence supporting the amounts and disclosures in the general purpose financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements present fairly, in all material respects, the
4 financial position of the City at September 30, 1995, and the results of its operations and the cash
flo%s of its proprietary fund apes for the year then ended, in conformity with generally accepted
accounting principles.
our audit was conducted for the purpose of forming an opinion on the general purpose financial
st stements taken as a whole, The combining and ind'vidual fund and account group financial
statements and schedules listed in the foregoing table cf contents are presented for purposes of
additional analysis and are not a required part of the gw,eral purpose financial statements of the City.
These financial statements and schedules are also the responsibility of the management of the City,
Such additional information has been subjected tothe auditing procedures applied in our audit of the
general purpose financial statements and, in our opinion, is fairly presented in all material respects
when considered in relation to the general purpose financial statements taken as a Whole.
•
As discussed in Note 3 to the general purpose financial statements, the City recorded a prior period
adjustment related to fixed assets of the enterprise funds.
f In accordance with Government Auditing Standards, we have also issued a report dated December 15,
1995 on our consideration of the City's internal control structure and a report dated December 15,
1995 on its compliance with laws and regulations.
1 0
• ~AjX, t or.. L. LL 00
December 15, 1995
DeloltbTduche
To mtsu
tt~etnotltlnal
i
CITY OF DENTON, TEXAS
COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1995
Governmental Fund Types
ASSETS AND OTHER DEBITS General SpecW Revenue Debt Service Captal Pto*tr Elji
Cash and deposits (Note 21 6 200,728 61.706,151 11, 146.670 1 2,261,089
Investments (Note 21, 6,488,141 499,513 0,769,012
Peceivables;net of allawmces for uncollectibleel•
Texas 979,873
Accounts
Unbilled utility service - - a
Special rsaersments - 1,078
Accrued Inte test 173,685 100720 104,677 ~I
Other 462,601 94,232 99,041
Duo from other funds lNots 1 tl 347,331 796,iD0 73.144 614,269 Eli
Due from other paverrments 713,776 651,901 1111
MercneMles Inventory
Prepaid items 190
Deferred bond lesuance cods
Restrlcted aseetr I'
i and deposits 1 21
- ~J
Investments Mote 21 - (1
Accrued interest - ILl1
Due from other funds
Advances to other funds
Fixed estate inet, %li applicable,
of accumulated depreciation) fNote 3) -
Amount available in Debi Servica Fund -
• Amount to be provided for retirement `
of long term liabilities
r
r Total Assets and Ot er Debits 18,612,769 13,177,046 1 823,092 110,496.879
iCortimedl
• • •
_7ne accompanying notes to financial statements are ee integral pert of Itv'a statement.
t
1
Cortpr6ffirr 6 Annue! Flnenti R&W
k CITY OF DENTON, TEXAS
Flduciery Fund Totals
Propdatery Fund Typee Typo Account Groups IMemorsndum Only)
General Sued General Long` September 30, September 20,
Cnterpdes Internal Serdcs Agency Aseete Term Uft> tss 1916 1994
$ 1,212,101 1 194,072 62,110,562 6 6 1 9,160,511 1 1,272,383
38,243,159 5,644,001 - 57,650,634 62,527,907
. 979,673 745,041
6,613.460 6,613,460 8,746,342 i
4,178,791 4,166,711 4.784.176
• 1.078 4.808
908,049 179,159 1,338.190 1,086,812
1,530,390 111,327 7,266 2,314,847 2,422,581
41,489 158,371 2,000.690 1.057,762
• 1,365,676 511,231
1,283,443 21037,141 3,320,691 3.186.041
2,091 2.249
152,763 962,763 1,031,660
6.481.540 231.336 6,728,114 7,014,482
34,879,322 5,187,422 - - 40,946,744 31.615,612
360.253 931 351,114 331,110
16.131 11,838
5,611.714 91.297 5.972.161 5,031,745
172,511,604 4,932,166 102,418.647 279.142,317 269,772,661
• 704,104 704,104 323,763
,
21,916,328 21,676,324 31,401,101
1214,099,892 120,198.131 12.91'i •638: 6102.411.647 130,111,230 1456,014.206 1436.776,320
}
i
•21•
CtMltpnAMdtr6 Arotwl Mandell ftmW
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^I•r`N 1 y
CITY OF DCNTON• TEXAS f I
COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS IContinuedl
SEPTEMBER 30. $995
Govemmerrtal Fund Types I '
LIA6tUrIE6, EQUITY AND OTHU CREDITS General specld Revenue Debt Servics Capital Projects
LlebmQn:
Accounts psgabte and soerued sxlepees 11,261,611 61,656,247 6 12756,461 l
Ret8m91 payable 4,114 16,567
Accumulated unpaid compenssted absences {
(Note 4)
Deposits 7,124 -
Payable from restricted steels r~
Accounts payable end sccruM expenses l
Retelnaga payable
Due to other funds (Note 11)
Accrued Interest
Revenue end paned ablgation bonds
payable, current thlote 41
Accrued Interest
Dus to other funds (Note 11) 150,064 760,172 556,040
Other Ilabil4las 26,256 111
Advances from other funds
Deferred ravenues 76,116 151,216 216.166
Lessee payeble 1Notes 4 end 61
General obligation bonds payable INou 4) '
Certificates of obligation (Note 41 '
Revenue bonds payable Intl of bond discount)
(Note 41
741 Claims psyablr INota 6)
Nola* payable (Note 4)
Landfill eloturerpostctosurs coats (Mots 11)
TotalUabWtlea 61,602,164 62,516,664 6 216,101 f 3,001,006
r
IContinuedl II,
The accompanying notes to financed tltlonwrits ere an Integral pen of this statement. • •
J (i
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.4.
Co"WithenHve Anttud Flnndd A9W ! I
ME
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CITY OF OENTON, TEXAS,
i
Fiduclory Fund Totals
Froprtetery Fund Types Type Account Group. (Memorandum Only)
:®s~~ea warms
General Axed Gene! Loot September 20, September 10,
Enterpdre Intern.! Service _ Agency Assets Tenn Ue610dee 1995 1914
1 2.848,521 12,114,210 12.217.000 1 1 S 14,057,245 4 12,552,690
22,035 116,622 111,617
665,260 25,999 7,1!7,65! 4,081,116 2,506.961
1,181, 641 1,171,775 11701,620
124,012 114,082 411,195
27,061
34,615 69,295 77,910 411,424
1,081,427 10 117 1,116,644 1,201,576
I
1 4.466,180 4,466,910 4,416,112
511,109 119,909
` 197,048 171.414 114 1,130,616 634,266
29.259 040
6,673,181 01172,181 5,911,785
441,020 448,782
I 128,111 191,469 $0,450 218.130 122,30
S 502,252 104.045 12,542,431 12,149,751 24,701,710
111 2,547,700 2,241,431 - 4,699.609 10,505,000 0,967,000
60,010.000 $0,010,000 64,219,000
2,286,012 8,241,012 1.177.100
64,104.095 64,104,105 04,802,715
• I 2,146,259 21646,219 1,411,417
I 6129,251,011 16.249,110 12,817,!2! ! 120.601,210 6181,611.811 1180,114.146
• ~ O O
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6•
CoffWs iSrt91y9 Annud Fln"d A"
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I M1
QTY\iL!r'.ry'r,+nnts~,R ~ ~ lI e~ll~{,it _ _
I
I
-
CITY OF DENTON, TEXAS
t
iI COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS (Concluded)
SEPTEMBER 30 1995 ff
II
Governmental Fund Typo
LIABILITIES, EQUITY ANO OTHER CREME! Goad Specid Ravenua Debt SeMcs Capital Projects I
Fund faulty: 111 l
I
Contributed capitd • (net, whoa appllcoble {
1 1 / 6 E
of occumulatd depreciation)
investment in genital fixed wets (Not* 7)
Reteined earrings • 1
Reserved lot bond redament (Note 41
i
Roerved lot capital prolect@
Roerved lot Rest replacement -
Reserved for landfill retirement
Assented for debt retirement -
Rowed for dumpofer reprecement
Reserved for rate stabllltedon 1 l
Reserved for warking capild 1
Reserved fat emergency j
Reserved for Wolof town 11
I
Rnemd for water walla
Reserved for Infrastructure financing
Raswad for luturs claims
Unreserved
Fund balances •
Resoved for debt service 706,604
Reserved for encumbrances 566,16! 141,026 762,602
Reserved for capital projects 6.'2!,107
Unreserved
Oaslgnated foe subsequent
Vasil' expenditures
i r
Undeelgneted 1,602,512 1,116,727
Total Equity and Other Credhe 7,010,605 1,217,062 704,604 7,460,106
Total Liabipti«, Equlty I I
and Other Cradles 65,612,766 6J,1flAN 6 622,0#2 610,466,175
O 0 0 ;
The acwmp►nyfng notes to financial statements are an Integed part of tNa statement.
I)
C6tnprehenelee Annuat Fin6ndd IfeW i I
I
• Jl
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iI
I
• •I
I
_ CITY OF DENTON. TEXAS
' I
Fduciery Fund Totds
Vropistary Fund Types Type Account Groups IMemorendum Only)
~ax~ xme~ae~xexer~ ~
C", W Fixed General Long- September 30, September 30,
Fnterprles Intsmd SerA,,b Agency Assets Tarm UsbiliUes 1996 1194
1 14,073,017 6 662,337 1 4 / 4 15.125.424 116,634,448
702,4.1,647 102,419,547 14,264,663 1
9,669,668 9,541,668 91737,760 j
12,964,612 204,010 13,149,822 11,923,408 {I
5,967,422 6,167,421 6,314,04 l
191,975 111,975 111,/7S 1
292,')0 282,100 142,100
76.000 75,000
400,000 400,000
2,000,000 2,000,000 2,000,000
81000,000 1,000.0- 9,000,000
360,000 360,000 250,000 III
90,000 90,000 46,000
t 1,110,000 11110,000 760,000
I 2,766,!60 2,766,160 4,924,632
I 85,500,021 2,158,119 87,664,140 61,198,413
• 70004 321,763
1,427,012 1,641,604
• 8,731,207 6,916,436
621,641 7001110 i
j
• 7,034,619 11,224,317 ~
135,631,603 11,!48,748 102,418,647 260.412.328 140.401,171
4274,!99,812 120,190,137 MWAU~ 1102,41I.S47 M641,130 1459,014,204 0436,770,320
• ~ 0 O
I,
CoaWshoms1Y1 Amual Finlnd4l PeO&t f
i
CITY OF DENTON, TEXAS_
r
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES •
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
I~
13overftemd fun! Typ"
Oanrd S"dd Revrv" O*M SerMes cplW Prefects
RMNUIM
Tun 117,441,116 9 14,661,301 1
Llramee nd permNs 366,114
Frnchlee 1•" 6.112,146
Fin" r,d trlohWes 1,157,140
Few 1r arvle" 1.144164 601.670 i
Imea rev nue 613,201 37.136 6.156 374,1"
Intr9ove,nmentel 636,704 1.141.217 1,661,616 i
Contflbw;wo '
Miaceeaneoue 660,177 6M001 166,000 2,094,211
End Ravanre 71,436111 3,461,134 4,111.473 4,007.162
TXPEN04TUAIS,
CWWA• 1i
GMrd Govrnmr4 7,711.311 2,3S1,590
Public eddy 11,411,116 111,701
PAric wake 4,374,433 i i
Prt.a rd tsar ethyl 7.461,271 636,636 1
Cphal ouUey 017.006 601,641 1,406,663 i
Debt ervia •
Principal ret'rernrd 3,001,454
Interact"heal ahro" 1,411,031 i
Tatd Eapendkwaa 27.088,161 3601.461 4,666,114 1.406,153
EXCESS OF REVENUES OVER(UNDEF6 EXPENDItURE1 761,711 141,130 116,516 11,33R,6711 i i
OT1lER FINANCING SOURCE$ IUUSI
Irecaah of Ion}trm ddw 1.010,000 i i
Oprd'n6 eranaierr>7 174,088 111.067 166,651
Cps, ding trneta.e 104 1111,641E 1136,1641 171,6111
Tow 01W Fhrmtng I*"* IU"te 63166 101,1111 110,1" 1,910,471
EXCESS OF REVENUES AND OTHER 40UI1CE1
OVER W141N EXPINO(TURES AND OTHER USES 601,401 1132,1161 S11,141 241,101
FUND WANCE • Odolow 1 4,106,111 1,400.117 311.788 1,249,001 i i
e FUND SALANCE • Sawlambr 70 0 71010,006 81,27),051 1 704,604 4 1,460,000 1 II O
tly HAsenrtl. I
The uew"Fnalng not" to 6nn 9ml Ns4rnants of an lmwd pal or
ii
Comp1hanliya Amid Finandd 44W ii
I
{ CITY OF DENTON, TEMS
l ,
TOWS
tmw ww%" OnlYl
Ymr Erdd
ept«+ba 30, 1600 OW.,,br 30. 1614
122.006.22$ 131,760,708
l 711,376 411,683
4 6,112,016 1.3111144
!,I
1,107,140 1,144,747
1,747,004 6,360,114
2112,161 1,130,323 -
4,371,641 3,003,003
33,024
3,316,241 1,073,311
10.761,007 34,104.701
1 10,074,911 1.773.340
11,004, 637 11,117,110
4,371,433 4.123,637
3,017,113 1.110,116
t $,130.303 M12.413
1 3,013.806 1,067641
i 1,411,032 1,764.720
111 11.14!,41/ 11,1171/1
11077161 1613.7111
1,010,000 2,031,470
482217 134,171
1781,3171 1201.1221
r
i 2701,000 3,487,324
1,211.232 3,101.111
i 16,116121 _ 11,091,163
. II 614,413.370 616,116134 0
i ~
i ,
i Co"wehanoNs Annuli rimamdd NOW
x
r
CITY OF DENTON, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES • BUDGET AND ACTUAL
GENERAL, SPECIAL Pr. c :~E RECREATION FUND AND DEBT SERVICE FUNDS (BUDGET BASIS) j
FOR THE FISH-t :nDEJ SEPTEMBER 30. 1995
General Fund
Variance
Favorable
Budget Actual (Unfavoreble)
REVENUES:
Taxes 117,293,188 117,447,919 1 164,731
Licenses and permits 428,490 388,274 138,1161
Franchise fees 8,171,892 6,112,849 (59,043)
Fines and forleiturea 1,278,640 1,552,840 278,200
Fees for services 1,148,368 1,144,994 13,374)
Interest revenue 480,000 893,281 233,261 I
Intergovernmental 604,731 536,734 344003
Miscellaneous 410,650 660,227 149.577 J
Total Ravenuss 27,691,989 26,439,118 747,159 f
EXPENDITURES: I~
Current •
General0overnment 6,524,994 7,689,419 956,576
Public safety 12,146,219 12,439,020 307,199
Public works 4,646,335 4,298,950 249,386
Parks and recreation 2,845,166 2,477,177 167,881
capital outlay 883,498 533,976 129,518 I J
Debt service
Principal retirement
Interest Ind fiscal charges i
Tatel Expenditures 20,128,202 27,319,644 1,609,658
EXCESS OF REVENUES OVER (UNDER) EXPENDITURES (1,438,2431 1,120,474 2,556,717 II
OTHER FINANCING SOURCES )USES)
Operating transfers in 785,450 174,898 1610,7521 !
• Operating transfers (outs 1145,1161 1121,643) 23,582
Total Other Financing Sources 111sa) 640,329 63,166 1507,170) I I
EXCESS OF REVENUES AND OTHER SOURCES OVER
(UNDER! EXPENDITURES AND OTHER USES (795,9181 1,173,820 1,069,547
FUND BALANCE • October 1 4,370,007 6,513,637 11133,630_
• ' FUND BALANCE • September 30 0 3,663,989 1 8.081146 13,10#,177 0 •
J The accompanying notes to financial statements are an integral part of this statement.
f~
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ComprahanMv Arsn,r Flnendal Report
3
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I CITY OF DENTON, TEXAS
1
Special Revenue Recreation Fund Debt Service Fund
Variance Variance
Favorable Favorable
Budget Actual IUnlavorable) Budget Actual 11•iniavorable}
1 1 1 14,851,307 14,651,307 1
593,969 665,641 (28,3081
6.166 6,186
155,000 155,000
593,969 665,681 128,308) 4,805,307 4,612,473 8,166
1
561,975 459,390 102,585
1 53,061 62,991 19.9301
3,104,906 3,095,855 9,062
1,642,771 1,491,032 151,739
615,038 522,381 92,666 4,747,679 4,586,888 160,791
121,087) 43,280 64,347 58,828 225,685 166,961
166,556 156,556
13212991 129.898) 2,601
{32,299) 129,698) 2,601 166,656 168,656
163,3861 13,882 66,946 68,628 392,141 323,513
58,696 121,360 88,494 1271,6031 x22,763 600,366
It 5,630 1140,982 11J6,432 1 (218,9781 1 104,904 6923,871 0 6,
I
I CwWsh4nalv4 Anrwal Fl mdal NoW
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Y
I'
CITY OF DENTON, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS •
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Proprlotwy Fund Types
Enterprise Internal0ervke
OPERATING REVENUES:
Electric service 161,072,242 6
Water service 13,542,366
Wasteweior service 6,610.066 }
Charges tar guods and services 6,16:,360 0,340,013
Premiums 2,114,736
Miscalon►ous 416,605 6112,170 I )
Totet Operating R"eno" 03,602,549 10,047,716
OPERATING EXPENSE!'
Purchasedpowu 41,264,742
Fuel 61606.012
Pumhese of water 51,211
Selerlss and wages 10,017,074 762,546
Metedah and supplles 1,394,000 3,506,741
Maintenance and repair. 3,056,064 44,636
Do precletion 6,109,204 1, 374, 077
Insurance 01971,044
Adminbtretlve cost 91066,611 60.106 r '
ClosuroMoatclosum cost 207.042
Mlscananeous _ 3,706,193 227,620
Total Operating Export" $3,632,433 11,953,654
Operating Income 14,970,410 11,005,9461
NONOPERATINO REVENUES (WENIESI:
!merest revenue 2,043,512 566,030
Interest expanse and liscal charges 16,411,2031 1173,0191
Other 1452,7031 106,711 1
Total Nonopwating Revenues iE:pensed 13,364,4041 667,721
Income Isfore Opo stYy Tronsfen 11,016,012 11,331,1171
OPERATING TRANSFERS IN tOUTI:
Operating Lene(ere in $3,871
Operating translate lout) (171,471)
Total Operating Trenefon _ 106,0001
Net Income [Loos) 11,016,012 11,432,1171
Ad& Depreciation of Flood Assets acquired with Contributed Capital !,764,221 266,726 !
Increase in RetainedEerninge 12,060,240 41,171,55$ I
RETAINED EARNINGS • October 4 of Previously reported 106.11 t,t00 1312 f3,712
Increase Idecreeasl In adjustment of fixed stools {Nob 31 1,497,106 0
RETAiNEO EARNINGS • October 1 as restated 107,709,336 12,173,102 I'
RETAINED EARNINGS -OWN n 30 1120,666,171 111,006,411_ _
The accompanying notes to financial statements are on Imegral pert of this statement,
.I2.
- Cttmpah6tulel Annu11 Fin5nd61 POW I
i r~•T, rrl • . '
s
CITY OF DENTON, TEXAS
Tonta
(Memorandum Onlyl
j Year Ended _
September 30, 1995 September 30, 1994
66,972,242 9 70,704,330
13,642,340 13,106,760
` 9,619,040 6,497,019
12,402,303 11,737,074
2,014,736 3,711,161
1.309.775 073,116
106,690.646 100,124,450
41,264,742 42.315,006
0,606,612 7,795.033
81,212 79,729
1I.660,520 91,146,849
5,400,767 6,112,901
3,130,749 2,942,047
e, 147.941 6,704,735
61071.066 7,741,726
61121,710 7,616,01s
207,442 250.319
3.630,614 3,644,002
96,666,097 94,769,201
13,004,671 13,369,107
7,230,626 4,332,520
16,226,3121 {6.669.0431
(260,992) 104.4531
I 13, 316.6761 11,634,9701
0,747,896 11,124,101
93.611
1178,1111 1147,0401
IOb,oool 1143,0401
9,852,895 11,641,145
i
2,019,964 2,000,093
11,972,459 131692,174
114, 466,021 104,002,184
'
• 1,497,106 •
119,662,199 104.002.694
9131,664 017011.6,406,0.2.2
J ~
CM1p 9hM9lW 11MUe1 fYlrldel Ilp9rt
r
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CITY OF DENTON, TEAS
'I
COMBINED STATEMENT OF CASH FLOWS •I
ALL PROPRIETARY FUND TYPES f
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Proprlatary Fund Types
Enterprise Interns 0wke
Cash flows hom opiomit" aatbklee:
Cash mcolved from cusiomeve 1 96.026,034 110,446,406
Cash paid to employees for oervkes (10.046,6311 1761,677)
Cash pald to supplies (67,946,6701 (6.070, 001)
Net aaah provked by oPanatbns 11,332,133 1,604,717
Cash flows from neneapU lfiwncing oadvklee:
Operating transfers out to other funds (176,5711
Operating transfer} from other lunds 13,571
Contributions to Fleet Replacement Fund (473,0031
Issuance advance to Solid Waste
Contributions to othere
Proceeds from others 20,900
Net cash NOW fop nonaPhal fkgnolp aatNrkies (462,7031 (96,0001 1
Cash flows from sapha and fabled IYrensOtl aatlvides:
Proceeds received from contributed copka 201,641
Principal peymantf on revenue bonds and conlicaree of obligation {4,609,2431 (611,102)
Interest and I'scel charges 161003,966) 085,6871
Plooeeds from leave of revenue bonds and cenifketse of obligation 2,000,000 lV
Pioeeeds from lieue of notes payable 137,210
Prlrc pal payments on notes payable 1130,000 1
Proceeds from edveme from other funds 61,397
Principal payments under capital base obligation 195,2511 1100,062) '
Principal payment on longterm advances from other funds (660,0001 (I
Payment received on long-term advance to other funds 660,000
Aequlsition and construction of fixed metals 181045,461) 11,519,3061
Proceeds from sale of fixed misfit 104,420
Net cash (used foil aapha and faated fltenalrq eathokiee 1101369,3161 12,212,6061
Cash flows from investing sotlvk1w f
Procnds Irom sets and maturities of Inveatmanl escurkbe 64,029,100 17,501,560 k
Purchase of Inveatmant socurhlta 161,317,7531 (17,245,3191
Interest recel ed on investments 2,681,101 114,577 I r
Net cash provlded by (used I&) Inveatlrg oadvkbf 121617,6761 771,211
Net Increase ldeaesesl In cash end cash aqulvelanle 116,7311 09.430 I I
Cash and cash equivalents • Out" 1 6.771.000 11023,071
Cash and cash equlvelsnte • /aplambsr 30 1 6.7011,341 1 1,002,401 { 0
(Continued)(
The accompanying notes to financial statements are on Integra pan of lhNi elotemenl.
.14•
CornprahMtslvil Amwf Fln"ai 111" E
e
r
•
I CITY OF DENTON, TEXAS
Totals
(m monndum 0*1
Year Ended
I Sopumbu 30, 1166 6pumbw $0, 1994
Il 1106,473,611 1113,863,324
(11,606,4061 111,129,416;
176, 927, 4611 113, 669,126)
20,137,050 18,660,004
1`179,171) (143,0461
63,17(
(475AM (213,9461
• (631,766)
• (163,7091
l : 20,990 162,012
1647,7031 1910,4761
I' 201,141 193,763
( 6,029,1461 14,747, 4311
(6.112,6321 16,176,631)
2,000,000 2,666,630
I 1371290 6,204,416
1136,0001 1676,6061
61,307 631,766
I (204,313) 1166,4631
1660,0001 1660,0001
660,000 660,000
(9,634,646) 120,060,9071
114,410 147,419
116,671,9911 (19,491,1311
e 11,630,760 43,240,476
166,633,1021 163,917,6121
l 3,176,964 4.114.911
I 11,629, 368) 16, 200,1461
i9, 302) (71103,667)
• 7,902,090 16,106,111 0 0
1 7,713,761 1 7,612,061
•tb• I
Compr9A9n1h9 ArftW Mandel Fapart
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CITY OF DENTON, TEXAS_
COMBINED STATEMENT OF CASH FLOWS -
ALL PROPRfETARY FUND TYFES (Concludedl
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
I
Enterprise Internal Service
RoconclUstlon of Nopdetary Fund Opera" Income to Net Cash
Provided by Operating Activities
operating income 114,870,416 111,905,845)
Adjustments: l l
Depreciation expense 6,609,264 1,374,677
ClosurelPostcksurs expense 207,842 11
Decrease (incrr:ssel in receivables 1524,4101 21,024 I
Decrease (Increase) in due from other funds MOMS) (29,191)
Decrease Ilncrvasel in inventories 194,172
Decrease (Increase) In prepaid hems 12.0991
Increase 1ecrease) In accounts payable (2,654,3871 208,776
Increase IDecressel in lasses payable 233,462 1162,6901
Increase (Decrease) In accumulated anpold
compensated absences 71,443 689
Increase IDecrease) In due to other funds 169,048 (183,688) j
Increase (Decrease) In claims payable 2,108,912
Total adjustments 4,362,617 31610,662 ttf
Net cash provided by operating ecdvhte 419,332,933 4 1,004,717 k
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Supplemental Schedule of Noncesh Capital and Related Financing Asdvldea
Noncesh activity during the year consisted of contributed capital from contractors and developers for the Enterprise Funds
in the amount of 1609,923.
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The accompanying notes to financial statements are an Integral part of this statement.
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Comproharlshre Annual Flners" NoW
CITY OF DENTON, TEXAS
i
Totals
IMemorandum Only)
Year Ended
September 30,199S September 30, 1994
I
113,084,b71 113,331,121
8,183,941, 9,764,735
f 207,642 266,319
I . 1503,3661 11,867, 705)
179,5961 7,418,575
194,172 1152, 905)
12,099) 10,950
(2,34 5,6911
11,987,6731
s 60,772
72,112 611397
` 114,0001 19,176,7401 i
2,108,912 202,930
7,973,079 5,527,763
12Q937,660 119,968,904
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Compabanwf Pwwd Marl," RapeR -
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CITY OF DENTON, TEXAS ff
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l CITY OF DENTON. TEXAS
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 1995
(1) SUMMARY OF SIONIFICANT ACCOUNTING POLICIES
The City of Denton ('the City') was Incorporated September 26, 18e6. The City operates as
e Home Rule City, under a Council-Manager form of government and provides the following services
as authorized by Its Charter public safety (police and fire), public works, parks and recreation,
electric, water and wastewater utilities, sanitation, and general administrative services.
The City is a municipal corporation governed by an elacted mayor and six-mernber council.
The City receives funding from state and federal government sources and must comply with the
requirements of these funding source entities. However, the City is not IncludeJ in any other
governmental 'reporting entity,' as defined in pronouncements by the Governmental Accounting
Standards Board ('GASB') Statement No. 14, 'The Reporting Entity,' since Coutcil members are
elected by the public and have decislon-making authority, the authority to levy taxes, the power to
designate management, the ability to significantly Influence operations, and primary accountability for
1 fiscal matters.
The accounting policies of the City conform to generally accepted accounting principles as
applicable to governments. The following Is a summary of the more significant policies:
A. Fund Accounting
The accounts of the City are maintained on the basis of funds or account groups, each of
which Is considered a separate accounting entity. The operations of each fund are summarized by
providing a sepe•ne set of self-balancing accounts which comprise its assets, liabilities, fund equity,
I revenues, expenses and expenditures. The following funds and account groups are used by the City:
1 Governmental Fund Type
General fund.
The General Fund Is the principal fund of the City, Al general tax revenues and other receipts r
that are not allocated by law or contractual agreement to wme other fund are #,,counted for In this
fund, From the fund ere paid the general operating costs, the fixed cha ges and the capital
improvement costs that are not paid through other funds,
i
A speck, Revenue Funds-
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The Special Revenue funds are used to account for the proceeds of specific revenue sources
(other than special assessments, expendable trusts, ormajor topitai projects) that are legally retrkted
to expenditures for specified purposes. These funds Include the grants from the Department of
Housing and Urban Development (Community Development Stock Grant) and from the Texas Criminal
Justice Division, Department of Education, the recreation fund and miscellaneous other revenues.
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Notes, City of Denton (Continued)
September 30, 1995
Debt Service Fund-
The Debt Service Fund accounts for the payment of principal and interest on general long-term
liabilities, paid primarily by taxes levied by the City, and for the payment of principal and interest nn
capital leases in the governmental fund types.
Cap; Projects Funds-
The Capital Projects Funds account for the acquisition of capital fa.ilibs being financed from i
bond proceeds, contributed capital, or transfers from other funds, other than those recorded in the
Enterprise Funds and the Internal Service Funds.
Proprietary Fund Types
Enterpdse FwWs•
The Enterprise Funds are used to account for operations that are financed and operated in e i
manner similar to private business enterprises where the Intent of the governing body is that the costs
(expenses, including depreciation) of proving goods or sec•icas to the general public on a continuing
basis be fnrnced or recovered primarity through user charges. These funds include the Electric, Water
and Waste nater Utility Systems (Utility System) and the Solid Waste operations.
Infernal: eMce Funds.
The Internal Service Funds account for the financing of materials and services provided by one
department of the City to other departments of the City on a cost-reimbursement basis. These funds
include the Fleet Services Fund (vehicle maintenance and machine shop), the Warehouse Fund, the
Motor Pool Fund, and the Risk Retention Fund.
Fiduciary Fund Types i
Agency Funds-
Agency Funds are used to accow t f^r assets held by the City in a trustee opacity or as an
agent for individuals, private organizations, other governments, and/or other funds. Agency Funds
are custodial in nature (assets equal liabilities) and do not Involve measurement of results of
operations. The Agency Funds Include the Payroll Fund, the Deferred Compensation Fund and other
miscellaneous funds,
General Fixed Assets Account Group 1
The General Fixed Assets Account Group represents a summary of the fixed assets of the City, f 1
other than assets of the Proprietary Funds. Capita? outlays In funds other than Proprietary Fund Type
are recorded as expenditures of those funds at the time of purchase end subsequently recorded for
p control purposes in the General Fixed Assets Account Group. •
Genoral LonpTenr Liabilities Account Group
The General Long-Term Liabilities Account Group represents a summary of the tong-term
liabiities of the City paid principally by loxes levied by the City. This account group does not include 1
longterm debt accounted for in the Proprietary Fund Types.
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Notes, City of Denton {Continued)
September 30, 1995
I
B. B"s of Accounting
rho accrual basis-The Proprietary Fund Types are accounted for on a 'low of economic ~
resources measurement focus. Accordingly, the accrual basis, whereby revenu and expenses are
identified in the accounting period in which they are earned and incurre: nd net Income is
determined, is utilized for these funds. The City applies all GASB pronouncements as well as the
Financial Accounting Standards Board pronouncements issued on or before November 30, 1989,
unless these pronouncements conflict or contradict GASS pronouncements.
Mo(Ovd scowl basis-The Governmental Fund Types are accounted for on a flo N of financial
resources measurement focus. Accordingly, the modified accrual basis Is used for these funds and
the Agency Funds. Modifications in the accrual basis for these funds include the following:
1. Revenues are recognized when they become both measurable and available for use during the
yet(. Those revenues treated as being susceptible to accrual include taxes, interest and
intergovernmental revenues. Property tax revenue is recognized independently of receivables
in the fiscal year for which taxes have been levied, provided they become available. Available
means then due, or past due and receivable during the current period, collected within the
current period or expected to be collected soon enough thereafter to be used to pay liabilities
of the current period. Such time thereafter should not exceed 60 days. Revenue sources
from licenses, fines and forfeitures, service charges and other miscellaneous revenues are
recognized as the cash Is received.
2. Expenditures are recognized when the related fund liability is incurred, except for interest and
f principal on general long-term debt, which are recorded when due, and vacation and sick
leave, which are recorded when payable from current available resources.
3. Encumbrance accounting, under which purchase orders, contracts, and other commitments
for the expenditure of monies we recorded In order to reserve that portion of the applicable
appropriation, is employed as an extension of formal budgetary integration. Encumbrances
outstanding at year-end are reported as reservations of fund balances since they do not
constitute expenditures or liabilities.
C. Budgets and Budgetary Accounting
I
The City Council follows these procedures as prescribed by City Charter, in establishing the
f budgets reflected in the financial statements:
e I 1. At least sixty days prior to the beginning of each fiscal year, the City Manager submits to the
City Council a proposed budget for the fiscal year beginning on the following October 1. The f
operating budget Includbs proposed expenditures and the means of financing them.
2. Public hearings are conducted prior to the adoption of the budget In order to obtain taxpayer
comments.
3. The annual budget adopted by the City Council covers the General Fund, the Special Revenue k' O 0
Fund (Recreation Fund only), the Debt Service Fund, the Enterprise Funds, and an Internal
Service Funds (except for the Risk Retention fund). The budget is legally enacted by the City
Council through passage of an ordinance prior to the beginning of the fiscal year. The general
purpose financial statements reflect appropriation control by functk n activity within an
individual fund as approved by City Council.
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Notes, City of Denton (Continued)
September 30, 1995
4. The City Charter provides that the City Manager has the authority to transfer any
unencumbered appropriation balances from one expenditure account to another within a single
office, department or agency. The Charter also provides that within the last three months of
the fiscal year the City Manager must request the City Council to approve any transfer of
unencumbered appropriation balances orportions thereof from one function to another as well €
as any Increases In fund appropriations. Individual amendments were not material in relation
to the original appropriations which were amended.
All budgets are adopted on a basis consistent with generally accepted accounting principles
except that for the Governmental Fund Types, Proprietary Fund Types, and the Special Revenue
Recreation fund encumbrances are treated as budgeted expenditures 61 the year of commitment to
purchase and for the Proprietary Fund Types depreciation expense is not Ludgeted. All unexpended
appropriations at fiscal year end lapse to the appropriate fund balance except for those of the
multi-year grants and/or projects. ! i
A reconciliation of revenues and expenditures on the budgetary basis to revenues and
expenditures on the modified accrual basis for Governmental Fund Types is as follows:
General Special Revenue
Fund Pecreetion fund
Revenues and Other Sources:
Budgetary basis $28,613,818 1565,661
Revenues and other sources on modified secruul basis 28,813,816 565,681
Expend'+tures and Other Us":
Budgetary basis 27,445,310 522,079
Encumbrances (net) 363,098
Expenditures and other uses on modified accrual basis 27,808,408 522,079
Revenues and other sources over expenditures and other uses
on modified accrual bads 1 805,408 1 43,587 ii
D. Cash and Investments
For the purposes of the 'Statement of Cash Flow,' the City considers investments with
• maturities of under 90 days at acquisition to be cash and cash equivalents.
Investments eru carried at cost which approximates market value except for investments in '
the deferred compensation plan which are carried at market value. Interest earned on Investments
is recorded in the funds in which the investments are recorded.
• E, Unbilied Receivables e
•
The City accrues amounts for utility services provided in September, but not billed at I!
September 30, 1995. E
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I Notes, City of Denton IContinuedi
September 30, 1995
F. Inventories
Inventories are valued at the lower of cost or market. Cost is determined using a moving
average method. No Inventories exist in the governmental fund types.
G. Fixed Assets
Enterprfsa and tnfemaf Service funds-
Fixed assets are recorded at cost, Including net interest during the construction period.
Contributed property Is recorded at fair market value at the date of contribution. Depreciation is
recorded on each class of depreciable property utilizing the straight-line method over the estimate.
useful lives of the assets.
Estimated useful lives are as follows.
` Useful ttfa
Ftxad Assort iVara)
ENTERMSE FWOS•
ElKerk Syffern
General assets • Structures 50
. Equipment a 20
Distribution assets . Structures s0
- EquipmeM 20 33
Transmission assets - Equipment 20 33
Internal combustion assets . Structures 50
• Equipment 13 20
Steam power assets Structures 50
• Equipment 20 3S
Water and Wastewater Srirtw
Structural 50
Worts And wastewater mains 20 33
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Equipment 10 20
Furniture and fixtures 10
f Water Storage Rights 40 100 y
• tl SOM WaNa O 0
Vehicles and equipment 10
WTERNAL SERVICE FLWDS-
Vehicles and equipment 1 10
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Notes, City of Denton (Continued)
September 30, 1995
Renewals and betterments of property and equipment are capitalized, whereas normal repairs
and maintenance are charged to expense as incurred.
Genera! Rxed Assets.
General fixed assets are recorded as expenditures in the General, Special Revenue or Capital
Projects Funds when acquired. Such assets are capitalized at cost in the General Fixed Assets
Account Group. Significant gifts or contributions of assets are recorded in the General Fixed Assets I
Account Group at the fair market value at the date of acquisition. Public domain (infrastructure)
general fixed assets consisting of streets, curbs, sidewalks, gutters and drainage systems, are
capitalized along with other general fixed assets, No depreciation is provided on general fixed assets,
H. Property Tax Revenue
Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on,
October 1 and are due and payable at that time. All unpaid taxes levied October 1 become delinquent
February 1 of the following year.
The City records revenue from current property taxes in the year in which bills are measurable `
and available. An allowance is provided for delinquent taxes not expected to be collected In the I
future.
At September 30, 1995, the City had a tax margin of $1.93 per 0100 valuation based upon
a maximum ad valorem tax of 02.50 per 0100 valuation imposed by Texas Constitutional law.
Additional revenues up to 038,058,1'26 could be raised per year based on the current year's assessed
value of 01,971,959,902 before the limit is reached. t{
1. Compensated Absences 1
The City allows employees to accumulate unused vacation upto forty days. Upon termination, f
any accumulated vacation time will be paid to an employee. Generally, sick leave is not paid upon i
termination except for firemen and policemen. Firemen and policemen accumulate unused sick leave
up to a maximum of '10 days. All other employees are paid only upon illness while in the employ of
the City.
As of September 30, 1995, the liability for accrued vacation leave and accrued sick leave Is
approximately 04,089,918. The amounts applicable to the Enterprise Funds 10665,2601 and Internal
Service Funds (03e,999) have been recorded In those funds, and the amount applicable to other funds
(03,387,6591 has been recorded in the General LorvJ•Term Account Group. The amount expected to
be paid from current available financial resources is not significant. I r
J. Comparative Data #
Comparative totals for the prior year have been presented in the accompanying general
0 purpose financial statements in order to provide an understanding of changes in the City's Enanclal I® 0 8
position and operations. However, comparative data (presentation of prior -year amounts by fund type)
In each of the statements have not been included, since their Inclusion would make the combined
statements unduly complex and difficult to read.
In certain cases, the amounts previously reported in 1994 have been reclassified in order to
conform to the 1995 presentation. {f t
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Notes, City of Denton (Continued)
September 30, 1995 I
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K. 'Memorandum Only' Total Columns
Total columns on the combined statements are captioned as 'memorandum only' to imitate
that they are presented only to facilitate analysis. Data In these columns do not present linanciat
position, results of operations or cash flaws in conformity with generally accepted a,:counting
principles. Th!s presentation does not represent a consolidation. Interfund eliminations have not been
made In the aggregation of this data.
12) CASH AND INVESTMENTS
In order to facilitate effective cash management practices, the operating cash and certificates
of deposits of all funds, except for the deferred compensation fund are pooled into common accounts
for the purpose of increasing Income t''.rough combined Investment activities. At year end, the
carrying amount of the City's deposits (cash and certificates of deposit) was $5,646,453, and the
bank balance was $129,987. Federal depository Insurance or the fair value of collateral held by the
City's agent in the City's name exceed in total the City's bank deposits (cash and certificates of
f deposit) at year-end.
TN,t Investments of the deferred compensation fund are held separately from those of other
City funds by an outside trustee appointed by the City.
Statutes authorize the City to Invest In obligations of the U.S. Treasury, U.S. agencies,
repurchase agreements, municipal pools, and certificates of deposit. The Investments reported at
September 30, 1995 are similar to those held during the fiscal year.
I At September 30, 1995, the City's Investments 4U.S. Treasury and Agency Securities and
Municipal Securities) are Insured or registered or the securities are held by the City or its agent in the
City's name. As of September 30, 1995, the City's Investments are as follows:
Category I Par Cost Market Value
I U.S. Treasury Securities $64,244,587 $ 64,850,000 1 64,244,587 $ 64,509,424
U.S, Agency Securities 27,871,796 27,950,000 27,871,796 27,658,744
Municipal Securities 6,490,895 81500,000 8,490,895 6,416,190
• Total Securities $98,607,278 1 99,300,000 111 98,607,278 $ 98,782,358
Texas Treasury Texpool 7,840,000 7,640,000 7,640,000
Deferred Compensation
Investments 2,401,029 2,401,029
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Total $106,940,000 $108,648,307 1108,823,387
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Notes, City of Denton (Continued!
September 30, 1995 j
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13) FIXED ASSETS
Gazers/ F6red Assets
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General fixed assets balances and transactions for the year ended September 30, 1995, are
summarized below:
Balance Balance ]
October 1, Transferal Transfers/ September 30,
1994 Additions Deductions 1995
Lend 1 6,275,689 1 1 1 5,275,689
Buildings 16,984,536 643,395 17,527,931
Streets 58, 276,635 1,538, 503 57,915,138
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Machinery and equipment and
other improvements 91601,380 1,072,757 10,874,137
Construction in progress 7,916,323 5,091,227 (2,061,898) 10,925,652
Total 196,254,563 18,246,882, 112,081,8981 1102,419,647
Investment In General
Fixed Assets -
From bond Issues 170,215,157 16,706,185 112,081,5981 1 73,870,444
From current revenue 9,558,320 1,072,757 10,631,077 O
79,804,477 8,778,932 (2,081,8981 84,501,521
From contributions 16,450,068 1,458,940 17,917,026 ( l
Total 198,264,683 18,245,882 4(2,081,8981 $102,418,541
General Fixed Assets by function and activity as of September 30, 1695 are summarized as
follows: f
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Notes, City of Denton (Continued)
j September 30, 1995
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` MacA.1E4rAP• and
Oder
ToN Lard euflanpo Streets Improvements
TOTAL PRIORTO OCTOOM 1, 1604 1 53,241,504 14,694,452 61,390,132 634,702,214 1 6,554,038
GENERAL GOVERN MI.
Parke 4,352,871 505,577 2,150,687 990,314
Parke Grant 01,511 42,020 19,493
Legal 137,271 137,271
Municipal Court 29,647 29,547
Human Ruourcoe 35,017 - - 35,017
CMOl7ASED 34,942 34,842
Facility Management 409,632 409,032
Building Maintmanco 4,582,967 33,036 4,344,299 205,621
tibrory 1,104,537 2,150 1.101,679
Library Grant 117,846 - 117,140
` PlanninglCO 207,930 73,201 2,034 132,865
Operations Anatyete 4,824 - 4,824
Total Oanerel Government 11,070,900 853,840 7,206,671 11311,090
JFUUIC WORKS:
Traffic Engineertng 144,670 144,570
j . E nergency Managernont 15,798 15,796
Engineering 13,517 6],687
Code Enforconent 6,101 - 6,101
Public Works Adminletts6on 20,733 20,733
S Streets 20,426,709 4,335 11,590 20,122,140 81,024
11 Street Swup;nglOralnage 2,717,372 2,766,751 70,621
Airpon Bond 3.7116 3,794
Airport 83.702 31,698 20,263 2v,843
Environmental Health 6onAces 2,112 2,112
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Animal Control 269,403 265,802 3,401 -
Flucridatlon Grant 1,691 3,191
HoueeAold Used 09 Oran] 6,323 8,323
Cobb TV 4.160 4.160
Totw Public W6M 1 21,957,127 $ 4,335 1 313,981 113,112,154 2 426,150 ` O
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Notes, City of Denton (Continued)
September 30, 1995
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Mach.,'Equip, end ,I
Other
Total Lend Buildings streets lmpfavemante ~I
Icontinvedl '
FWANCE'.
Finance Administration 0 44,474 6 6 1 - 6 44.474
Customer SarAcs 07,995 - p,P95
Purchn;ng 5,253 - 5,2S3
Internal Audit 2,403 9.403
C80isrino 17,594 - 13,594
Accounting 27,729 27'720
Ccun Clerks 26.550 - - 24,550
Tax 2,910 - 2.910
Administrative Servi4se 104,632 1,122 167,410
Information Services 374,107 2,907 177,194
Defensive Drivtno 1,063 1,003
Total Irmanoa 777,720 4,025 771,703
PIJKX SAFETY:
Fire Adrtinisiratien 22,201 22.201
Fire Operatons 1,670,174 22,009 1,274,500 239,576
Fn Prevention 20,072 1,0S3 WWI
emergency Medical 36,076 10,175
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Free 122S, 251, 2531 19,300 - 16.306 f
Polls Administration 24,139 14,172 II
Criminal lnvsstigerion 50,500 - 50,509 I
Police Operations 696,050 737,110 140,031
Police Support Operations 110,243 110,243
Police Gfents 20,050 11,050 1
Total►u69e Safety 2,617,620 23,052 1,611,000 000,750
Construction in Progress 10,026,601 I
TOTAL $102,410,647 66,176,6a9 911,527,971 657,015,110 110,014,137 4
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a_,ac ~.iarneaoads~°paeYyw
,•,-.,.e.. w.~• r~r~pprMeetaernyt6tt~rre • . .
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Notes, City of Denton (Continued)
September 30, 1995
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Changes In general fixed assets by function and activity for the fiscal year ended
September 30, 1995 are summarized as follows:
General General
Fixed Assets Tronsfore7 Flxed Assets
101IN4 Additions Deductions 9130195
TOTAL PRIOR TO OCTOBER 1. 19" 153,141,604 1 1 - 953,241,504
GENERAL GOVERNb1EN7:
Parke 3,11S,979 636,199 4.352,978
Parks Grant 61,519 01,519
Legal 113,300 21,905 - 137,271
Municipal Court 29,547 29,547
Human Resources 22,490 11,527 35,017
CMGIMSEO 32,178 2,664 - 34,942
PoWty Management 1,211 408,411 409,632
Building Mai ntenence 4,512,351 012 4,601,003
Library 695,111 209,519 1,104.037
Ubtsry Grant 11,640 30,208 117,648
i- PlenninglCO 189,217 18,043 207,930
i Operations Analrils 4,124 4,824
Total General Gonemment 9.731,520 1,347,381 11,078,606
PVKX WORKS:
Traffic "nearing 41.451 103,112 144.570
Emergency Mensgamant IS,790 15,798
Engineering 40,310 42,271 12,587
Code Enforcement 6,101 - 6,101
Publll Works Administration 20,733 20,733
I Sueste 18,131,735 1.495,OS4 20,426,709
Sweat 8 weopinglDreinege 2.737.159 60.21 2,717,372
Airport eon! 3,706 3,796
Airport 07.029 16,673 82,702
Environmental Hedth W-Aces 2,112 1.112
I Animd Control 200.401 - 281,403 • 1 ,
Fuordetion Grant 31091 2.691
Household Used 00 Grant 6,323 8,323
`J CoNoTV 4,150 4,150
I Total►ubSe Works 122,146,604 11.707.323 6 123,657,127
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Notes, City of Denton (Continued)
September 30, 1995
General General ~
Fixed Assets Transfers/ Axed !bests
1011194 Additions Ceducdone 6130!95
(contnued)
FWANCE:
Fnence Administration 0 42,776 1 1,698 1 1 44,474
Cusumer Service 70,512 17,413 87,995 i
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Purchasing 51253 5,253
internal Audit 0,806 S91 9,403
I f ~
Ceshiering 13,594 13,594
Accounting 22,330 5,393 27,729 I i
Court Clerks 26,SSS - 26,556
Tax 2,910 2,910
Adrrti walive Services 114,532 104,532 ( I
lnforrnm6on SeMcss 306,190 7,307 374,197
Defensive OrMne 1,083 - 1,003
Total Menoe 745,722 32,406 777,728
PU&X SAFETY: {
Fire Acirninistraton 19,054 7,147 22,201 I
Fire Operatons 1,492,413 44.76 1,538,174
Fire prevention 20,072 20,072
Emergency Medical 35,059 1,916 30,975
Fire 1225, 251, 253) 19,308 19,308
Police Adminletraffon 24,139 - 54.131
Crinnel lnvestgation 601501 60150111
Ponce Operators 681,09e 4,954 681,050
Police Support Oper"or» 91,167 11,276 110,243
Poii s Grants 28,474 1,484 29,958
• Total Pu60e Safety 2,470,0PG 47,531 2,577,621 j{
Construction in Progress 71016,321 6,001,227 !2,011,8961 10,675,652
ll '
TOTAL 690,254,583 11,245,02 912,011,!111 1102,418,547
Ili
o ~ o
II~
,
. ao .
. . «,•.-~»a.+e.~r+~rrrr.e•r!er~6}AIY~ leMl~ yyw,~ _ _ . „ y .
•
•
Notes, City of Denton (Continued)
September 30, 1995 j
Construction in progress is Composed of the following:
i
t
Project Expanded to l
Appropdetion soptember 30, 1995 Committed k
Airport Improvements 9 3.018.007 1 3,018,007 1
OMC Peking 10,000 8,638 1,161
GIS Computer System 1,294,013 I,1/2,601 111,411
A tNetie Fields 663.846 7$4,944 106,902
Library 1,203,303 1,142,549 60,754
Northeast Recreation Center 1,300,000 1,053,655 246,145 I
Rootroom Petitions 7,033 7,033
Library System 450,000 444,210 5,790
City Ha6 Rencvt 5 one W.Bal 318,017 224,644
City Ham West Renovations 211,650 87,919 123,731
Itred and IrWge •
Elm 314,515 60,743 163,773
Locust 1,15S,313 373,132 561,461
Trarfin Syetem/Saaa6 3S1,514 351.373 211
Tuley Lendacwng 78,111 51993 72,121
SouthridgeMirien M"If 61,165 61,165
Jim Chrietal Road 914,852 914,652
Ryan Rced 1,053.924 66,696 965,326
Sldowalka 750,000 951 749,049
CI04 Center PabJnij Lot Renovation 96,659 96,651
Areha Trig at Emerson 25,000 2.014 12,916
l Long Mclly Drslnape 500,000 231,795 269,20S
JamealCevert Drainage 150,000 131,954 11,049
Teasley Lana Ddvewrys 43,000 21,074 21,928
FM 1493 Right-or-Way Acnulsition 20,000 1,131 11,069
HighlandMornerd 63,607 3,764 49,143
WIMID? O'emas stvctura 20,000 244 19,756
MayN6 Bridga 22,000 392 21,601
CMA0 Projecto 80,000 1 f,J/3 41,207
Eoginuering Strsnt 4S,750 17,799 27,951
Payne Odve 306,000 216,599 99,414
• MgNl a! Cooper Crook Bridge 20,000 2,691 17,304
Willowcrest Loop Drainage 50,000 47 49,653
Channel Urdng Pecan Crook 15,000 61 14,939 '
College and Sacond streets 134,750 37,767 91,183
Shady Oaks and Woodrow Lane 70,000 6,993 63,007
Oak/Fry Signal 11,000 661 10.332
OPTKOM 113,000 541553 $8,447
Willuwwood 1!kuay/SWv*Wk 112,000 1,093 104,907
• Carol and Parkway Turn 35,000 4,414 30,506 C 0
Mr,go/RuddenMottinghrn 15,000 4,612 10,371
Redo Curb Mo6#no to OTC 16,000 253 14,747
Total N9,610,8/3 110,919,652 I4,EIB.331
use®6
.11 i
I
Notes, City of Denton (Continued) `
September 30, 1995 ff
fnterpdse and !stoma Sorvko Farads- I ! I
The City conducted a comprehensl•; a Inventory and analysis of historical cc it of fixed i
assets in fiscal year 1993. As a result, the City has corrected the fixed asset cost end accumulated
depreciation balances of the Enterprise Funds through a prior period adjustment to beginning retained f
earnings. The cumulative effect of the prior period adjustment was to Increase beginning retained
earnings and fixed assets of the Enterprise Funds by 41,497,106.
Fixed assets of these funds are as follows: i
I
September 30
1995 1994
Utility System- 1
Land and land rights 4 1,846,562 4 1,846,562
Water storage rights 67,433,042 67,295,782
Electric plant and equipment 99,544,849 91,520,978
Water plant and equipment 45,468,078 44,870,076
Wastewater plant end equipment 51,164,232 52,418,745
265,456,763 257,952,123 11
Less - Allowance for depreciation 4100,116,1901 494,35,6561
165,340,573 163,578,467
Construction in progress 3,495,972 2,882,901
Total fixed assets • UtWAy System 4168,835,545 4166,459,368 I'
Solid Waste-
Land and land rights 4 4,043,695 4 4,106,924
Vehicles and equipment 1,411,776 659,138
Le ~ • Allowance for depreciation (2.300.412) (2,03),0411
44
Total fixed assets • Solid waste 4 3755,059 4 2.729,019
Internal Servic4- r
Ii
Land and land rights 4 183,806 4 183,806
Vehicles and other assets 16,073,914 16,299,943 _ M
C Less • Allowance for depreciation (11,424,654) (12,154,124) Q 0
Total fixed onsets • intama4 Service 4 4,833,168 4 4,329,631
J
•ai.
t
•
•
r -
Notes, City of Denton (Continued)
September 30, 1995
(4) LONG-TERM LIABILITIES
Long-term liabilities transactions for the year ended September 30, 1995, are summarized as
follows:
Balance at Retired Balance at
October 1, and September 30,
1594 Issued Transferred 1995
General tong. Torm Lkb/tMa
Genera! Obligation bonds / 23,569,333 11,610,000 12,635,880 1 22,543,453
Certificates of Obligation 5,149,643 459,975 089,888
Obligations under capital leases 126,069 65,619 60,450
t Accumulated unpold compensated
f absences 2,878,822 508,837 3,iei,d59
` Tota7gonarallong-lorm Abm*s 31,723,867 2,118,837 3,181,474 30,681,230
propletery Fund Types
Utility System revenue bonds 08,e90,000 4,295,000 54,395,000
General Obligation:
General Obligation Bonds 108,272 2,227 1G4,045
l General OStlgatlon Bonds:
(pledged by sanitation
I revenues) 718,125 131,692 584,233
Certificates of Obligation 4,415,357 2,000,000 600,025 S,81S,332
Obligations under capital leases 548,175 210,495 337,680
Accumulated unpaid compensated
r absences 830,147 72,112 702,259
Note payable 64,803,715 137,280 138,000 64,801,995
• I Tolalpropkfary 7undtypea 129,909,791 _ 2,209,392 5,375,639 128,743,544
Total long-term eabilltiaa 1161,633,eS8 14,326,229 $8,537,113 1151,424,714
I
1
I
•33•
t" y., r
•
I
Notes, City of Denton (Continued)
September 30, 1995
i
I
Genera! Eopded Dobf. I i I
General bonded debt at September 30, 1995, is cc, sed of the following:
Amount
Outstanding at
Interest Rate Final Original Amount September 30,
Sonde/ Debt M issue 08to maturity of Issue 1995 J
General Obligation Refunding 7.70 to 8.00 1985 2004 15,171,730 11,611,731
General Obligation 6.40 to 9.40 1987 2007 1,225,000 700,000
General Obligation 6.50 to 9.50 1988 1998 1,075,000 550,000
General Obligation 9.00 to 9.50 1989 1999 1,265,000 740,000
General Obligation 5.55 to 8.60 1992 2012 2,830,000 2,475,000
General Obligation 4.65 t^ 7.50 1993 2013 2,975,000 2,700,000 [ I
General Obligation Refunding 3.00 to 6,40 1993 2009 13,315,000 12,845,000 f i
General Obligation Refunding 5.75 to 8.50 1995 2015 1,61.000 1,610,000
Total General ObOgatlon Bonds 29,266,730 23,231,731
Certificates of Obligation 6,00109.00 1987 2007 150,000 75,000
Certificates of Obligation 0.00 to 8.00 1987 1997 1,100,000 250,000
Certificates of Obligation 0.60 to 9.60 1989 1999 1,155,000 200,000 ( {
Certificates of Obligation 800 to 9.00 1989 1999 11550,000 700,000 I 1
Certificates of ObnosCon 6.40 to 6.20 1991 1996 310,000 10,000 I
Certificates of Obligation 4.40 to 7.40 1992 2007 11325,000 595,000
Certificates of Obligation 4.20 to 5.30 1993 2003 1,450,000 885,000
Certificates of 041104tion 4.40 to 7.40 1994 2014 2,705,000 21670,000
Certificates of Obligation 4.30 to 7,30 1994 2005 3,220,000 3,220,000
Certificates of Obnoation 5.25 to 8,26 1995 2015 3,000,000 2,000,000
Total Other General Bonded Debt x14,965,000 10,505,000 I
Total General Bonded Debt 144,231,730 133,738,731
Proceeds of general bonded debt are restricted to the uses for which they were approved in
the bond elections. The City Charter expressly prohibits the use of bend proceeds to fund operating
expenses. The general obligations are collateralized by the full faith and credit of the City and,
primarily, payable from property taxes, f
• In prior years, the City defeased general obligation bonds by placing the proceeds of new 1
bonds in an irrevocable trust to provide for an future debt eenice payments on the old bonds.
Accordingly, the trust account assats and liabilities for the defeased bonds are not included in the I I r
City's financial statements. On September 30, 1995, 17,450,000 of bonds considered defeased are
P still outstanding, J
fl
r
•
•
Notes, City of Denton (Continued)
September 30, 1995
Revenue Bonds-
Revenue bond debt at September 30, 1995, Is comprised of the following Issues: -
Amount
Outstanding at
interest Rate Final Original Amount September 30,
Revenue Bonds Issue Date Maturity of Issue 1995
Utility System Refunding 6.00 to 7.00 1987 1998 1 17,485,000 7 2,475,000
Utility System 0.75 to 9.75 1988 2008 3,500,000 700,000
Utility System 6.00 to 9.00 1989 2009 20,000,000 9,400,000
Utility System 6.80 to 8.75 1992 2014 4,500,000 4,500,000
Utility System S.00 to 7.50 1993 2013 6,675,000 8,250,000
i
Utility System Refunding 2.50 to 5.40 1993 2009 27,085,000 20,095,000
Utility System Refunding 3.55 to 6.76 1993 2007 8,045,000 4,975,000
185,190,000 054,395,000
The City has the option to retire at par all or a portion of the bonds prior to maturity on or after
December 1, 1993.
The revenue bonds are collateralized by the revenue of the Utility System and the various
special funds established by the bond ordinance. The ordinance provides that the revenue of the
System is to be used first to pay operating and maintenance expenses of the System and second to
establish and maintain the revenue bond funds. Any remaining revenues may then be used for any
lawful purpose. The ordinance also contains provisions which, among othcr Items, restrict the
issuance of additional revenue bonds unless the special funds noted above contain the required
amounts and certain financial ratios are met. The City Is M compliance with all significant
requirements. Below Is a summary of the various restricted asset accounts required by the bond
ordinance as of September 30, 1995:
Interest and Sinking Fund 4 7,339,000
I Reserve Fund 3,853,390
• Emergency Fund 250,000
Extension and Improvement Fund 3.561.939
$15.004.329
at
•35•
r
TA:U
•
Notes, City of Denton (Continued)
September 30, 1995
Assets in these accounts consists of cash and U.S. government securities, Related liabilities
and retained earnings are as follows:
Payable from restricted assets- k
Accrued Interest 0 1,030,761 I
Revenue bonds payable, current 4,385,000
Retained earnings reserved for bond retirement 9.588.568
415.004.329 {
In addition, the City has established a reserve fund to pay for General Obligation bonds pledged
by Solid Waste revenues of 4354,075.
f
In prior years, the City defeased revenue bonds by placing the proceeds of new bonds In an
irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the
trust account assets and liabilities for the defeased ponds are not Included in the City's financial
statements. On September 30, 1995, 434,595,00 of bonds considered defeased are still
outstanding.
Note iayabls-
In .980 the City and the City o1 Dallas contracted with the Corp of Engineers for the
construction and development of flay Roberts Reservoir in Denton County. In contracts with the Corp
of Engineers, the City w.ll pay for twenty-six (28%) per cent of the estimated water storage rights
of the reservoir. Water obtained from the Reservoir will be pro rata on the basis of each city's
proportional share of total construction colt. The closing of the dam was completed in 1987 with
water being available from the Reservoir in 1989. The City's estimated total cost of water storage
rights at September 30, 1995, was 467,045,898. Of this amount the City's estimated cost for
present demand is 431,137,443. The amount allocated to the storage for present demand shall be
paid in fifty 001 consecutive annual Installments, the first of which was due and payible within thirty
(30) days after the City was notified by the contracting officer that the project was completed and
operational for water supply purposes. Annual installments are due and payable In November. j
The project investment cost allocated for the storage space provided in Ray Roberts Reservoir
for future use Is currently estimated et 428,879,535 on the basis of cost presented, and the basis of E
cost at September 30, 1995. No principal or interest payment with respect to this storage for future
water supply is required to be made during the first ten (101 years following the date the project is
operational for water supply purposes unless all or a portion of such storage is used for purposes of
• withdrawal of water from or transfer of water into Ray Roberts Reservoir during this period. When
any portion of the storage for future water supply Is used, the amount of the project investment cost
allocated thereto, plus interest applicable to such portion as provided, will be due and payable on the I f
date of the first use of such portion. The said amount due shall be paid within the life of the project
and not to exceed fifty (50) consecutive annual payments.
j The project investment cost allocated for the recreation facility Is currently estimated at
p j 47,166,000 on the basis of cost presented and the basis of cost at September 30, 1995. The p w
amount allocated to the recreation facility shall be paid in fifty (50) consecutive annual Installments,
the first of which was due and payable within thirty (30) days after the City was notified by the
contracting officer that the project was completed. Annual installments are rue and payable In June.
The City is also responsible for twenty-six (26%) per cent of the cost of any major capital
replacement facilities required. 'rhe city will also be required to pay the Corp twenty-six (26%) per
'34-
0
0
I Notes, City of Denton (Continued)
September 30, 1995
cent of the annual experienced operation and maintenance costs for specific water supply facilities
at the Reservoir.
Aggregate maturities of the long-term debt (principal and Interest) for the years subsequent
to September 30, 1995, are as follows:
i Bonds
General
Fiscal Year Obligations Revenue Notes Payable Capital Leases Total
1998 1 6,080,854 1 7,337,911 12,719,145 $ 294,958 a 16,432,886
11 1997 5,687,939 6,939,270 2,719,145 104,976 15,331,330
1998 4,976,647 8,456,770 2,719,145 15,339 14,167,901
1999 4,382,384 6,159,455 4,723,002 15,339 16,260,180
2000 3,978,212 6,691,464 4,723,002 14.290,678
2001.2005 15, 221,181 23,507,181 23,615,010 62,343,331
1.006-2010 6,295,395 17,605,685 23,615,010 47,616,090
2011.2016 2,916,701 3,470,075 23,615,010 30,001,786
20164020 23,615,010 23,615,010
2021.2048 107,538,709 107,538,709
Total principal 49,397,293 77,067,791 219,602,188 430,812 346,497,884
and interest
i
Less applicable
interest (115,660,5621 122,672,7911 (154,797,1931 132,482) 1193,163,028)
Total principal 1 33,735,731 4 54,395,000 4 64,604,996 1398,130 1 153,334,856
Bonds Authorized and Unlssued•
General obligations bolls authorized but unissued as of September 30, 1995, amounted to
83,872,000. When Issued, the proceeds will be allocated to the applicable Capitol Projects Funds,
I (5) LEASES
Leases payable represent the remaining principal amounts payable under lease purchase
agreements for the acquisition of vehicles, copier equipment, computer hardware and other
• equipment. These leases are recorded as capital leases. The vehicles, copier equipment and the
landfill vehicles are recorded in the Proprietary Fund Types, and the computer hardy are and other
I equipment are recorded in the General Fixed Assets and General Long-Term Liabilities Account Groups.
Remaining requirements, Including Interest, under these leases are as follows:
J
•37•
•
•
Notes, City of Denton (Cc, 'inued)
September 30, 1995
General
Proprietary Long-Term
Year Fund Types Liabilities
1996 $ 240,058 $ 54,900
1997 96,227 8,749
1998 15,334
1999 15,339
366,963 63,649
Less • Applicable Interest (29,283) (3,199)
Net Present Value ! 337,680 i 60,450 I I
16) PENSION PLANS
Texas Municipal Retirement Pion:
Plan Description-
The city provides pension benefits for all of its full-time employees (except firefighters) through r
a nontraditional, joint contributory, defined contribution plan in the state-wide Texas Municipal
Retirement System ITMRSI, one of over 650 administered by TMRS, an agent multiple •emplover public
employee retirement system. It Is the opinion of the TMRS management that the plans in TMRS ere
substantially defined contribution plans, but they have elected to provide additional voluntary
disclosure to help foster a better understanding of some of the nontraditional characteristics of the
plan. I
Benefits depend upon the sum of the employee's contributions to the plan, with interest, and
the city-financed monetary credits, with Interest. At the date the plan began, the city granted
monetary credits for service rendered before the plan began of a theoretical amount equal to two ;
times what would have been contributed by the employee, with Interest, prior to establishment of the
plan. Monetary credits for service since the plan began are a percent 1200%) of the employee's
accumulated contritrutiuns. In addition, the city can grant as often as annually another type of
monetary credit referred to as an updated service credit which is a theoretical amount which, when
added to the employee's accumulated contributions and the monetary credits for service since the plan
began, would be the total monetary credits and employee contributions accumulated with Interest if
• the current employee contribution rate and city matching percent had always been In existence and
if the employee's salary had always been the average of his salary In the last three years that are one
year before the effective date. At retirement, the benefit Is calculated as if the sum of the employee's
accumulated contributions with interest and the employer-financed monetary credits with Interest
were used to purchase an annuity.
Members can retire at ages 60 and above with ten or more years t f service or with 25 years
0 of service regardless of age. The plan also provides death and disability bar !fits. A member is vested ' O O
after ten years, but he must leave his accumulated contributions in the play . If a member withdraws
his own money, he Is not entitled to the employer-financed monetary credits, even If he wt,s vested.
The plan provisions are adopted by the governing body of the city, within 0 a options availtble in the
state ttatutes governing TMRS and within the actuarial constraints also in the statutes, !!yy
ii
30. j ig
•
Notes, City of Denton (Continued)
September 30, 1995
Contrrbudons-
The contribution rate for the employees is 6%, and the city matching percent is currently
200%, both as adopted by the governing body of the city. Under the state lave governing TMRS, the
city contribution rate is annually determined by the actuary. This rate consists of the normal cost
crntribution rata and the prior service contribution rate, both of NO are calculated to be a level
percent of payroll from year to year. The normal cost contribution rate finances the currently accruing
monetary credits due to the city matching percent, which are the obligation of the city as of an
employee's retirement date, not at the time the employee's contributions are made. The normal cost
contribution rave is the actuarially determined percent of payroll necessary to satisfy the obligation of
the city to each employee at the time his retirement becomes effective. The prior service contribution
rate amortizes the unfunded actuarial liability over the remainder of the plan's 25-year amortization
period. When the city periodically adopts updated service credits and Increases In annuities in effect,
I the increased unfunded actuarial liability Is to be amortized over a new 25-year period. Currently, the
II unfunded actuarial liability is being amortized over the 25-year period which began May, 1992. The
unit credit actuarial cost method Is used for determining the city contribution rate. Contributions are
made monthly by both the employees and the city. Since the city needs to know its contribution rate
in advance to budget for it, there is a orl at lag between the actuarial valuation that is the basis
for the rate and the calendar year when the rate goes into effect.
I The citi total payroll In fiscal year 1995 was 128,503,327 and the city's contributions were
based on a payroll of 123,820,706. Both the city end the covered employees made the required
actuarially determined contributions, amounting to $1,902,083 (6.77% of covered payroll for the
months In calendar year 1994, 3.04% or 1183,361 normal cost plus 3.73% or $225,016 to amortize
the unfunded actuarial liability, and 6.88% for the months in calendar year 1995, 3.26% or 1707,867
normal cost plus 3.62% or 1785,839 to amortize the unfunded actuarial liability) for the city and
I 11,429,470 (6%) for the employees. The city adopted changes In the plan since the previous
actuarial valuation, which had the effect of increasing the city's contribution rate for 199$ by 0.07%
of payroll. There were no related•pany transactions.
Funding Status and Prognsa.
Even though the substance of the city's plan Is not to provide a defined benefit in some form,
I some additional voluntary disclosure is appropriate due to the nontraditional nature of the defined
contribution plan which had an initial unfunded pension benefit obligation due to the monetary credits
granted by the city for services rendered before the plan began and which can have additions to the
I unfunded pension benefit obligation through the periodic adoption of Increases in benefit credits and
• l benefits. Statement No. 5 or the Governmental Accounting Standards Board (GASB 5) defines
pension benefit obligation at a standardized disclosure measure of the actuarial present value of
pension benefits, adjusted for the effects of projected salary Increases, estimated to be payable in the '
future as a result of employee service to date. The measure Is Intended to help users assess the
funding status of public employee pension plans, assess progress made in accumulating sufficient
I assets to pay benefits when due, and make comparisons among public employee pension plans.
The pension bench; obligation shown below is similar in nill to the standardized disclosure '
• 9
•
measure required by GASB 5 for defined benefit plans except that there Is no need to project salary
increases since the benefit credits earned for service to date are not dependent upon future salaries.
The calculation, were made as part of the annual actuarial valuation as of Oecamber 31, 1994.
Because of the money-purchase nature of the plan, the interest rate assumption, currently 8.5% per
year, does not have as much impict on the results ai it does for a defined benefit plan. Market value
•39•
,....-».-r ~ .r+.-+~-~......~~-^-. tom' ,w......:..._..w..-..........._.
11 11 1111 ill ill I all III
r
4
f { '
Notes, City of Denton (Continued) j
September 30, 1995
of assets Is not determined fat each city's plan, but the market value of assets for TMRS as a whole
was 98.6% of book value as of December 31, 1994.
Pension lelsfk Oba9sdon
Annuitants cumentty rscsIvkV b•rrtit6 a !,265,!53 r
Terminst ad amploye80 2,736,344
Current amploVeev
Accumulated afnploV94 contributions
Including allocated Inymed aaminpe 13,325,458
Employe-lln4nced vested 1a,646,3al
Employer-financed nonvsstsd 4,699,414
Total 42,761,413
NM Assets AvaWe foe SainarM, at look Value 32,534,014 1
Unfunded Pension tlanNk Obiptim $10=
ammoso~
The book value of assets i6 amortized cost for bonds and original cost for short-term securities
and stocks. The actuarial assumptions used to compute the actuarially determined city contribution
rate are the same as those used to compute the pension benefit obligation, The numbers above reflect ff
the adoption of changes In the plan since the previous actuarial valuation, which had the effect of j
increasing the pension benefit obligation by $318,020.
i
Trond lnlamatkr7 • I
Dom Vaw NetsAOl Trend Mewrtlae
You C) ambw l7, Dsonrbar lt, Decemsw 31, Daoembar 31. December 31, December 11. Decwnbw 31. Decendrr 3l,
Endad 11x7 1180 It" 1110 1161 1761 1601 1114
Not ANowt a
Ava,T1bM 1
fur
6aMnt1 111.043,801 414.146,060 114,033,114 616,346,511 121,1641.630 171,071,406 •20,66@,460 133e34,014 1{
hnaion i I !
berant 3
obagewn 117,601,301 118,431,047 116,316,310 122,636,040 124,"6,437 120.111,481 137,766,424 147,764.417 I 1
N I
rrondada as 2% 86,0% 80.1% 808% Be1% 647% 7T1% 7406%
VnfiwWad
hMkn I i I
55041!! j f
011;a atfon 1 210211413 1 344621"7 1 3.680.201 1 3161,326 13.170,706 1 3.640,077 41.440.674 010.230,396
Annual
co"Mil
PNVMa 116,916,034 111,144,016 111,641,114 121.120.180 171.043046 121,800.740 177,401.116 123.1170,704 I j
Unlundad I
hnlbn i
ObTpaQWI 4
11 1
Paminte6a
of cdvevd
Paon6 13.7% 73.7% 14,2% 131% 176% 36.1% 42.1% I ~ r
ar
co,rtlbutlan
• is TMRS 0 424,671 1 160,00@ 1 11020.171 1 1.1 711,4311 1 t,1 /0,631 1 1.146.207 11,421.077 11.60!.063 0 O
Avwaaa I j
c8v Rah 1.0% 47% 4.4% 11% 44% 01% 416% 00% I`
Trend information prior to 1987 Is not available. Ten year trend Information will not be shown i
separately until two years of additional data have been accumulated. 1
40
Q No I I
,JYrr ru •
•
•
I Notes, City of Denton (Continued)
I September 30, 1995
i
Fireman's Relief and Retirement Plan:
The City provides pension benefits for all Civil Service employees of the Fire Department
through a defined contribution plan, the Board of Trustees of the Oer.;on Fireman's Relief and
Retirement Fund Is the administrator for the pension plan. The Pension plan is not considered a part
of the City of Denton entity. In • defined contribution plan, benefits depend solely on amounts
I contributed to the plan plus investment earnings. Fire employees are required to become a member
as a condition of employment. An employee becomes fully vested after 20 years of credited service,
City contributions for, and interest forfeited by, employees who leave employment before vesting are
redistributed to plan participants.
The City's total Fire Department portion of payroll in fiscal year 1895 was 03,744,347. The
City made the required contribution (9.0% for 1994 and 19951 amounting to 0345,571. The covered
employees made the required contribution (9.0% for 1994 and 10% for 1995) amounting to
$375,358. Both sources contributed 6720,927 In total.
(7) DEFERRED COMPENSATION PLAN
The City offers its employees a deferred compensation plan created in accordance with Internal
Revenue Code Section 457. The plan, available to rll permanent City employees, permits them to
darer, until future years, up to 25% of annual gross earnings not to exceed 07,500. The deferred
compensation Is not available to employees until termination, retirement, death, or unforeseeable
I emergency.
Ail amount: of compensation deferred under the plan, all property and rights purchased with
I those amounts, and an Income attributable to those amounts, property, or rights are (until paid or
made available to the employee or other beneficiary) solely the property and rights of the City [without
being restricted to the provisions of benefits under the plan), subject only to the claims of the City's
general creditors. Participants' rights under the plan are equal to those of general creditors of the City
In an amount equal to the fair market value of the deferred account for each participant, Investments
(prirnarl:y cash and cash equivalents) in the deferred compensation plan are recorded at market value.
I It is the opinion of the City's legal counsel that the City has no liability for losses under the
plan but does have the duty of due care that would be required of an ordinary prudent invastor. The
management of the City believes that it Is unlikely that it will use the assets to satisfy the claims of
I general creditors at this time.
(8) SELF-INSURANCE PLAN
4 The City has established a self-Insurance plan for workers' compensation benefits and general
I liabilii;. Accrued claims payable Include provisions for claims reported and claims incurred Wit not
reported. The provisions for reported claims Is determined by estimating the amount which will
ultimately be paid each claimant. The provision for claims incurred but not yet reported Is estimated •
based on the City's experience.
The costs associated with the self-insurance plan are reported as Interfund transactions,
Accordingly, they are treated as operating revenues of the Internal Service Risk Retention Fund and
operating expenditures (expenses) of the other funds.
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Notes, City of Denton iContinued)
September 30, 1995
Workers' Compensation and General LkbiGty Insurance
it is the policy of the City of Denton not to purchase commercial insurance for WOrKefa'
Compensation claims. Commercial liability insurance coverage is purchased for public otficiais, airport,
emergency medical services, and after-school action site programs tt Denia and Martin Luther King, Jr.
Recreation Centers. The City reports liabilities when It Is probable that a loss has occurred and the
amount of that loss can be reasonably estimated. Liabilities Include an amount for claims that have been
incurred but not reported. Because actual claims liabilities depend on such complex factors as inflation,
changes in legal doctrines and damage awards, the process used in computing claims liability does not I
necessarily result in an exact amount.
Claims liabilities are reevaluated periodically to take iniu consideration settlement of claims, new
claims and other factors. As of September 30, 1995, the estimated value of these liabilities was
$3,286,012. Changes in balances of claims liabilities during fiscal year 1995 were as follows:
Claims Liability Claims Liability
Beginning of Claims and Claims End of
Fiscal Year Change Estimate Payments Fiscal Year
Workers'
Compensation
1995 $337,000 4 301,180 9296,658 $ 373,522
1994 250,375 357,126 270,501 337,000
General Uabrllty
1995 $829,000 02,345,111 6261,621 92,912,490
1994 712,795 343,294 227,089 829,000
Cn September 30, 1995, the City of Denton held $2,765,960 in the Risk Retention Fund for
payment of claims.
191 COMMITMENTS AND CONTINGENCIES
I
• Agreernent with TMPA-
in 1976, the City, along with the cities of Bryan, Greenville and Garland, Texas (the 'Cities')
i
entered Into a Power Soles Contract with the Taxes Municipal Power Agency (TMPA). TMPA was
created through concurrent ordineness of the Cities and is govemed by a Board of Directors consisting
of eight members, two spoolnled by the governing body of each city. Under the terms of the
.areement, TMPA agreed to construct or acquire electric: generating plants to supply energy and
• power to the Cities for a period of not less than 35 years. The Cities in turn agreed to purchase all O 8
future power and energy requirements in excess of the amounts generated by their systems from
TMPA at prices Intended to cover operating costs and retirement of debt. In the event that revenues
are Insufficient to cover all costs and retire the outstanding debt, each of the Cities has guaranteed
a portion of the unpaid debt based, generaliy, upon its pro rata share of the energy delivered to I
consumers in the p for operating year.
42.
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Notes, City of Denton (Continued)
September 30, 1995
As of September 30, 1995, total TMPAdebt outstanding was approximately $1,129,000,000,
b,1d the City's percentage is approximately 22%. In the opinion of management, the possibility of a
material payment under this guarantee Is remote in that TMPA is generating operating profits a,td
assets extend liabilities.
TMPA operates a 405 megawatt lignite-fueled generating plant. Should TMPA be dissolved,
each City would be entitled to an undivided Interest in the property.
Selected financial statement Information of TMPA is as fol'ows:
Seotember 30.
tUnaudited)
1995 1994
POWs) (000'x)
Operating Revenues $ 174,208 $ 176,019
Operating Expenses 295,289 100,265
Operating Income (Loss) (121,081) 75,754
Other Nonopersting Sources (Uses) 180,924) 178,0031
l Current Assets 73,643 70,885
Total Asse',s 1,541,706 1,438,860
Long-Terrr, Debt 1,321,025 1,322,357
Total liat duties 1,5M,074 1,401,933
Total Equity 38,632 38,927
Apreement with City of Pales-
During 1985, the City entered Into an agreement with the City of Dallas which provides for
the purcho,e of a minimum of 500,000 gallons/day of untreated water from the City of Dallas from
Lake Lewisville. This contract wilt be effective for 30 years.
LfdpaNon.
Various claims and lawsuits are pending against the City. In the opinion of City management
and legal counsel, the potential losses, thor Insurtnce coverage, on all claims will not have a material
effect on the City's financial position as of September 30, 1995. r
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Notes, City of Denton (Continued)
September 30, 1995
(10) SEGMENT INFORMATION FOR ENTERPRISE FUNDS
Segment Information for the year ended September 30, 1995, was as follows: i
UtNty System Solid Waste Fund Total I
Operating Ravenues 4 82,501,469 $6,101,380 / 98,602,649
Oepreciation 6,667,233 122,031 8,809,284
Operating Income 13,681,205 1,289,211 14,970,416 r
Net Income 9,869,314 1,216,698 11,088,012
Current Copltal Contributions: I _
In aid of construction 871,771 871,771
Accounts Racetvable:
Accounts recelyable, gross 12,984,471 12,984,471
Allowance for uncollectibles 6,371,011 813711011
Accounts receivable, not 6,613,460 6,613,460 17
Property, Piant and Equipment
AddiVe. s 7,011,260 809,025 7,820,288
Total Assets 26103,047 8,336,635 289,989,682
Net Working Capital 47,892,249 1,485,284 49,3%7,533
ElonJt Payable 54,395,000 4,151,933 58,546,933
Notes Payable 64,804,995 64,804,995 ! j
Total Equity 135,596,880 34,783 135,631,863 ((k
l)
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Notes, City of Denton (Continued)
September 30, 1995
111) INDIVIDUAL FUND DISCLOSURES
Individual fund disctoeures as of and for the year ended September 30, 1995, are as follows:
Interfund Receivables and Parables:
DeRolt Fund
Interfund &lenae1metelnod
Fund Reoelveblee Interfund Psyeblas earnings Of any)
0onaelFu nd 1 147,731 1250,064 1
Spsc111 Revenue Furds:
CommarJry Development Block Grant 460,106 36,261
Rearee0on 30,410 6,217
cdmind Justice 17,460 31,420
Wary 171
Ot sf 261,708 615,246
E Debt Service 71,144
Capital Project Funds:
Airport knprovemnt 151,016 74,030
General Projects 21
Seat Improvement 171647 0,762
Construction Projects 46,466 406,046
t- other Cootal Projects 410,121 6,202
k enterodse Funds
MTV /yetsm 45,646 112,410
aofd Waste 11,710 17,147
lntornal 6srAce Funde:
Wershouse 40,761 31
float someas 104,217 1151585 164,111)
I ` Motor Pool 7,312 2,361
Risk Retsntlon - 61,442
I Trust rod Agency Funds:
Agency • Peyro" 831
Total 62,011,620 61,015,626 615/,1111'
.ere:
` 021 CONTRIBUTED CAPITAL
During fiscal year 1994.1995, contributed capital changed by the following amounts:
6r,urorlee Funds lmemal lertlee Funds 111
14AI1y System Total Motor Pool TOW
Beginning bafante • 0otoba 1 /16,/es,644 1 670,504 1170,604 '
Contributions from eustomere 301,148 637,160 6171161/
I CenMbuCone from developers S85,f23 -
t Depre6ation (1,784,228) 1266,718) 1266,1161
416.073,00 1152,317 ta62,137 0
(1) The Working Capital Fund had no activity In contributed capital for the year ended
September 30, 1995.
•45-
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Notes, City of Denton (Concluded)
September 30, 1995
(13) CLOSURE AND POSTCLOSURE CARE COST
State and federal Who and regulations require the City to place a final cover on Its Mayhill
Road landfill site when it stops accepting waste and to perform certain maintenance and monitoring
functions at the site for thirty years after closure. Although closure and postclosure care costs will
be paid only noar or after the date that the landfill stops accepting waste, the City reports a portion
of these closure and postclosure care costs as an operating expense In each period based on landfill
capacity used as of each balance sheet date. The 12,648,259 reported as landfill closure and I)
postclosure care liability at September 30, 1995, represents the cumulative amount Incurred to date
based on the use of 84% of the estimated capacity of the landfill. The City will recognize the
remaining estimated cost of closure and postclosure care of 1491, 671 as the remaining estimated I
capacity Is filled, These amounts are based on what It would •.ost to perform all closure and
postclosure care in 1995. The City expects to close the landfill In the year 1997. Acovel cost may
fluctuate due to Inflation, changes In technology, or changes in regulations. ■I
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CITY OF VENTON, TEXAS
SUMMARY OF SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Community Devatopmont Pock Grant K0801 • to account for the operations of projects utilizing
Community Development Block Grant Funds. Such revenues are restricted to expenditures for
specified projects by the Department of Housing and Urban Development,
Recreatka • to account for the revenues and expenditures for the recreation programs which are self-
supporting. All expenditures will be reimbursed 100%. Various business operations, such as
concessions, felt into this account.
CAMimt Justke • to account for revenue received from the State of Texas Criminal Justice Division and
other grants administrated by the Police Department.
fm8y Fowtsr Ltbnry • to account for fines, donations, memorlsls and gifts to the library that are restricted
f to the Public Library.
( AN Other • to account for miscellaneous special revenue sources which are required to finance specific
f activities.
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Cumprahamtvs Amwf Flnandaf now f
'S
CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • ALL SPECIAL REVENUE FUNDS j
SEPTEMBER 30, 1995 J
11
Community
Development Criminal
ASSETS Block Grant Recreation .fusttce
~I
Cash and deposits 6133,555 1474,040 1 7,018
Investments
Receivables (net of allowances for uncollectibles) -
Accrued interest 931
Other 43,673 3,364 67 I1
Due from other funds 456,305 30,455 17.450 1
Due from other governments 286,021 249 40,633
Prepaid Items 150
Total Assets 1919,704 1609,050 165,365 f
1I
LIABILITIES AND FUND BALANCE I
LIabl6tla: 1
Accounts payable and accrued expenses 1 702,693 1 264,699 S 31,946
Due to other funds 35,291 6,213 33,420
Other liabilities 24,776 t
Deferred revenues 144,632 4,574
Total Usbilltem 907,191 275,488 65,366
Fund Iolancr
Reserved for Encumbrances 12,513 8,828
UrvesErved 224,736
Total Fund Balance 12,513 233,684
• Total Usbl6ttes and Fund Belence 6 919,704 1509,050 1 65,365
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CompreNenslve Annual Finandel Report
4
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1 CITY OF DENTON, TEXAS-
Totals
Emily Fowler All
library Other September 30, 1995 September 30. 1994
901893 11,060,952 11,168,456 11,333,452
495,613 495,513
91769 10,720 936
199 47,029 94,332 67,545
173 291,709 798,100 74,002
29,557 357,116 713,776 511,231
f 16D
I4 $120,822 12,262,104 43,677,048 $1,987,165 l
f 1
4 41,655 1 618,334 $1,659,247 $ 485,706
685,248 760,172 43,144
1 4,494 29,253 798
_ 2,210 151,316 67,741
4105 1,310,296 2,699,994 577,989
39,509 87,475 148,325 681108
39,658 $64,333 1,128,727 1,353,069
79,187 951,808 1,277,052 1,409,177
f /120,02I 12,262,104 13,877,046 1119871166
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CompraAanslra Annual Fln"al Report
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CITY OF DENTON, TEXAS
i~
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANCES IN FUND BALANCES IDEFICIT)
ALL SPECIAL REVENUE FUNDS '
FOR TIIE FISCAL YEAR ENDED SEPTEMBER 30, 1995 j
Community
Development Criminal
Block Grant Recreation Justice
REVENUES:
Fees for services 1 1580,784 1
Interest revenue 4,877 I r
Intergovernmental 1,675,077 32,773 59,688 II
Miscellaneous 12,440 26,297
Total Mvenuat 1,697,511 624,731 69,688
EXPENDITURES j
Current- I
General government 1,585,839
Public safety 94,983
Public works
Parks and recreation 535,535
Capital outlay 12,525 62,991
Total Expenditures 1,899,204 599,626 04,063
EXCESS OF REVENUES OVER [UNDER)
EXPENDITURES 11,747) 26,205 (35,275)
OTHER FINANCING SOURCES fUStSG {
hoceeds of long-term debt {
Operating Transfers In 38,917
Operating Transfers Ioutl 129,6981
Total Other Finwrdng Sources fUsul 129,6981 38,917
EXCESS OF REVENUES AND OTHER SOURCES r~
OVER (UNDER) EXPENDITURES AND OTHER If
USES 11,747) 14,4931 3,642
FUND BALANCES IDEFICITI • October 1 14,280 238,061 13,642) I
FUND BALANCES • Stptwnbw 30 1 12,513 !233,564
•50•
Compthtnalrt Ar&%W Financial Report
4.
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I CITY OF DENTON, TEXAS
' I
Totals
Year Ended
Emily Fowler AN
Library Other September 30, 199F September 30, 1994
1 37,344 1 4,642 1 602,670 1 653,007
4 2,127 30,831 37,835 13,436
` 29,555 644,129 2,241,222 1,351,884
83,830 447,240 579,807 346,776 _
152,856 1,028,742 3,461,534 2,287,083
60,301 711,650 2,358,590 1,427,890
16,739 111,702 134,332
16,711
• 536,535 462,612
60,465 3661660 601,641 125,202
120,766 1,093,949 31608,468 2,165,747
32,090 (67,201 146, 9341 101, 336
112,146 151,063 148,821
1206, 5561 1236,254) 0 62, 0001
h (94,410) 185,1911 0311791
• 32,090 (161,6171 1132,1251 88,157
47,077 1,1 13,425 1,409,177 1,321,020 r
i 79,187 1 951,808 01,277,052 $1,409,177
r l
•61•
Comprahmdva Annual Financial Report
l
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CITY OF DENTON, TEMS
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C* p*Ar»Iv• ANwd FNm" NoW
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rCITY OF DENTON, TEXAS
SUMMARY OF CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
f Akpod Jmprovemont Grant ford • to account for FAA Grant in aid for runway extension and airport
development
General hgOcts funds • to account for investing nonrecurring funds in capital plant expansion or
improvements, extraordinary maintenance projects, facility construction or other large nonrecurring
projects, funded by operating revenues.
Street Improvement fund • to account for repaira and rehabilitation of city streets funded by grants and
bond proceeds.
WMems Square Ford • to account for paving downtown perking lot to provide parking lot In central
business district funded by bond proceeds.
l Conatmeffon Projects Fund • to account for major rehabilitation and construction of facilities funded by
bond proceeds.
Other • to account for miscellaneous capital revenues and expenditures.
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f Cwnpahanslvo Annual Financial RoW -
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CITY OF DENTON, TEXAS_ ! i
COMBINING BALANCE SHEET • ALL CAPITAL PROJECTS FUNDS i
SEPTEMBER 30, $996
~I
Airport Street f
ASSETS Improvement Grant General Projects Improvements Williams Squafe 1r }t
Cash and deposits 4 1 842,144 1 724,970 112,560 t 1
Investments 1,256, 568 $,692,612
Receivables Inet of allowance
for u Wlectibtesl: 4 J
Accrued interest 39,852 181195
Other receivables 89,041
Due from other funds 111,059 28 17,587
Due from other governments 344,951
Total Assets 4456,020 12,138,690 42,452,285 112,650
LIABILITIES AND FUND
BALANCES
Liabilities:
Accounts payable end
accrued expenses 1342,059 1 979,909 1 39,136 9
Retninage peyabte
Due to other funds '4,030 6,782
Other liabilities
Deferred revenues
TotallleWgtlu 418,089 979,909 45,998
Fund Belaness:
Reserved for encumbrances 39,931 71,903 9,268
Reserved for capital
Y projects 1,080,878 2,397,129 12,550
Total Fund Batanue 39,931 1,158,781 2,408,387 12,660 I l
Total Liabilities end
Fund Balances 1456,020 12,138,890 12,452,285 112,580
Comprehensive Annual Fi wwJ@f Report
CITY OF DENTON, TEXAS
Totals
Construction
Projects Other September 30, 1995 September 30, 1994
4 878,856 1 8,669 1 2,267,089 1 2,164,944
3,939,832 8,789,012 6,378,894
46,530 104,577 79,937
99,041 645,929
45,465 410,128 584,265 451,550
306.950 661,901
{ 14,710,683 $726,637 610,495,875 !8,621,354
I
1 316,730 $878,829 1 2,358,483 1 738,679
64,368 25,195 89,663 104,504
469,046 9,202 559,040 454,028
142
78,000
850,144 713,026 3,006,066 1,372,353
612,899 12,611 752,602 1,333,S63
3,247,640 6,738,207 5,915,418
i 3,860,539 12,611 7,490,809 7,249,001 1
1 {4,710,683 1725,637 110,495,675 18,621,354
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Comprahenolra Annud Flnanclal Raport -
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Cl1Y OF DENTON, TEXAS k
COMBINING STATE14ENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICIT) • + f
ALL CAPITAL PROJECTS FUNDS I
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995 I
Airport Street I
Improvement Grant General Projects Improvement Williams Saucre
REVENUES:
Interest revenue 4 143 1 76,139 1 82,077 e O
Intergovernmental 1,268,660 3,176
Miscellaneous 186,617 160,991 1.433,437_ _
Total Revenues _ 1,476,220 237,130 1,618.689 I!
EXPENDITURES:
Capital outlay 1,433,580 795,143 1,001,998
Total ERpenditurn 1.433,680 785,143 1,001,998
EXCESS OF REVENUES
OVER IUNDERI
EXPENDITURES 41,640 (668.013) 616,691 i
OTHER FINANCING SOURCES
(USESI:
Proceeds of long-term debt
Openeting transfers ioutl
Total Omar Flna lcing
Sources lusas)
EXCESS OF REVENUES
AND OTHER SOURCES
OVER (LINDER1
EXPENDITURES AND
OTHER USES 41,640 1568,013) 516,691
FUND BALANCES IDEFICIT) •
October 1 11,7091 1,716,794 1,889,695 12,660
FUND BALANCES-
September 30 i 39,931 11,158,761 12,406,367 412,660
e J
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Comprehensive Artmal Financial Repot I
4i Mi 110
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! CITY OF DENTON, TEXAS
{
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Totals
Year Ended
Conslructivi
Projects Other September 30, 1996 September 30, 1994
4 216,627 4 4 374,988 4 708,060
305,950 11698,685 821,238
3,303 309,963 2,094,211 68,248
219,930 616,913 4,061,882 1,595,5415
1,550,628 615,206 5,406,553 6,646,310
1,660,628 615,206 6,408,653 6,646,310
f 11,340,6961 1,707 (1,338,671) 15,050,7641
f 11610,000 1,610,000 3,038,470
129,5211 129.6211 16,0001
f 1,680,479 1,580,479 3,032,470
239,783 1,707 241,808 12,016,294)
3,620,758 10,904 7,249,001 9,257,295
4 3,660,539 t 12,611 1 71490,809 17.249,00$
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Comprshoms1r4 Amusl Flnsnds111sW
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MY 00 DENTON, TEXAS
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Compahmolve Anrwr Finmdd Rport
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I CITY OF DENTON, TEXAS
1
f
SUMMARY OF ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Utifty System - To account for the provision of utility services to the residents of the City. All activities
necessary to provide such services are accounted for in this Fund, including, but not limited to,
administration, operations, maintenance, financing and related debt service.
Sold Waste - To account for the provision of solid waste services to the residents of the City. AM
activities necessary to provide such services are accounted for in this Fund, Including, but not
limited to, administration, operations, maintenance, financing and related debt service.
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CorrWOwelra Armal Financial ROW
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CITY OF OENTON, TEXAS f
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COMBINING BALANCE SHEET • All ENTERPRSE FUNDS l
SEPTEMBER 30, 1995
ASSETS Utility System Solid Waste k
Cash aM deposits 4 11173,125 1 39,676
Investments 36,968,936 1,274,221 C
Receivables Inet of allowances for trncollectil lesl •
Accounts 6,613,460
Unbilled utility service 4,622,264 274,507
Accrued Interest 866,806 41,241
Other 1,489,731 40,659
Due from other funds 29,709 111780
Merchandise inventory 1,283,443
Deferred bond Issuance costs 952,763
Restricted assets
Cash and deposits 5,004,630 483,718
Investments 32,600,336 2,378,986
Accrued interest 313,465 36,788
Dw, from other funds 16,838 ( j
Advance" to other funds 5,881,784
Fixed assu!a (net of accumulated depreciation) 188,836,545 3,765,059
Total Assets $266,653,047 $8,336,635
lContinuedl
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- Cornprahanslva Anwd Flnandd flagon
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CITY OF DENTON, TEXAS
I,
Totete -
September 30, 1995 September 30, 1194
i
4 1,212,801 4 78,899
38,243,159 35,022,260
f 6,613,460 6,719,214
4,896,791 4,794,176
908,049 712,947
1,530,390 1,209,954
41,489 6,920
1,283,443 1,283,443
952,763 1,031,680
5,488,548 6,699,181
34,979,322 32,941,538
350,253 325,767
16,838
I. 6,681,784 6,931,785
172,591,604 169,188.387
t 1274,989,682 1265,938,141
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ConW@honelr4 Amur Finendel R*W
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CITY OF DENTON, TEXAS
i
COMSIN1N0 BALANCE SHEET - ALL ENTERPRISE FUNDS (concluded)
SEPTEMBER 30, 1996
LIABILITIES AND FUND EOUfTY _ Utility System Solid Waste
Uab9itle :
Accounts payable and accrued expenses 6 3,674,970 s 173,653
Retainage payable 22,935
Accumulated unpaid compensated absents 542,338 122,922
Deposits 1,165,641
Payable from restricted assets •
Accounts payable and accrued expenses 107,202 16,880 1
Retainage payable 1
Due to other funds 18,516
Accrued Interest 1,030,761 55,666 r
Revenue and general obligation bonds payable 4,365,000 811980
Accrued Interest 119,909
Ove to other funds 173,901 23,147 `
Advances from other funds 5,000,000 973,181 3i
Leases p4yabls 138,211
General obligaticn bonds payable 602,253
Certificate of obligation payable 3,657,700
Revenue bonds payable 50,010,000
Note Payable 84,804,995
Clesufe/post closure cost - 2,646,259
TotalLIANtlea 131,055,167 8,301,852
Fund Equity:
Contributed capita •
From other municipalities or governmental units 14,909,624
In aid of construction 24,946,889
Less: Accumulated depreciation 174,783,4261
No,t contributed capital 15,073,087
Retained earnings
Reserved fur bond retirement 91588,568
Reserved for capital projects 11,264,421 1,730,491
Reserved for landfill retirement 191,975
Reserved for debt retirement 262,100 1
• Reserved for dumpster replacement 76,000 1
Reserved for rate stabilization 400,000
Reserved lot working capital 2,000,000 I
Reserved for emergency 8,000,000
Reserved for water lower 350,000
Reserved for water wells 90,000 I! k
Reserved for inlnstructure financing 1,110,000 %
• Unreserved 88,130,804 12,624,7831 • O
Total Retained Earnings 120,523,793 34,763 ~e
Total Fund Equity 135,695,880 34,783 !i
Vote! LI@Wtlea and Fund Equity 1206,653,047 16,335,635
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Comprshanslve Anrtuaf Fonda Report -
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CITY OF DENTON, TEMS
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Totals
September 30, 1995 September 30, 1994
1 3,848,623 1 5,963,413
22,935 19.113
665,250 593,817
1,165,641 1,296,604
124,082 402,737
27,068
18,616 9,539
1,088,427 1,160,648
4,466,980 4,426,893
119,909
197,048 36,336
5,973,181 6,931,785
138,211
602,253 584,232
3,667,700 11050,060
60,010,000 64,395,000
64,804,995 84,803,715
2,848,259 2,438,417
139.358,019 -143,759,367
14,909.824 14,909,624
24,945,889 24,075,117
124, 783,4 2 61 12 3, 019,1971
15,073,087 16,965,544
9,688,588 9,738,768
12,984,912 12,721,399
191,975 191,975
262,100 162,100
76,000
400.000
I 2,000,000 2,000,000 r
8,000,000 8,000,000
350,000 260,000
4 I 90,000 45.000 a.
` 11110,000 760,000
85,608,021 72,353.989 C
I 120,558,676 106,211,230
135,631,663 122,176,774
1274, 89,682 1265,9 8,14} ~
4
CoiWehemelr/ Annual Fh4mela) It4porl
•
r
•
CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS IDEFICITI • k {
ALL ENTERPRISE FUNDS f
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
kl
Utility system Sond Waste
OPERATING REVENUES: k
Electric service 4 68,972,242 It
Water service 13,542,386 k
Wastewater service 9,519,068
Charges for services 348,372 5,8031978
Miscellaneous 119,403 297,402
Total Operming Revenues 92,501,469 6,101,380
OPERATING EXPENSES: pp
Purchased power 41,264,742 F k
Fuel 6,606,612 l
Purchase of water 61,212
Salaries and wages 8,962,433 1,955,641
Materials and supplies 1,622,246 271,761
Maintenance and repairs 2,406,313 679,751 Il
Depreciation 6,687,233 122,031
Administrative cost 8,429,703 626,118
Closurelpostclosure cost 207,842 kJ
Miscellaneous 2,759,768 949,125
ToldOperstlog Expanses 78,820,284 4,812,169
OPwa14 Income 13,681,205 1,289,211 k k
NONOPERATNO REVENUES (EXPENSES}: J
Interest revenue 2,644,193 139,399 k k
Interest expense and fiscal charges 15.943,4301 1171,8631
Other (412,6641 140,049)
Total Nonopwatln9(Expeness) 13,811,8911 (72,513)
A+t Income 9,869,314 1,216,698
Add: Depreciation of fixed assets k
acquired with contributed capital 1,764,228
• (neeessa in retained earnings 11,633,542 1,216,698
F.f:TANED EARNINGS (DEFICRI •Octabw 1 as pravlously reported 107,450,171 (1,238,9441
kI
Increase In adjustment of fixed aafet1 1,440,077 57,029
i
RETANEL• ;ARNNOS lDEF)ClT1 .October 1 n restated 108,690,251 11,181,9151 k k y
RETAINED EARNINGS - Septambw 30 6120,S23,793 6 34,783 it
• i_ _ O 0
kk
Ik
•84•
Comprahenalve Anrwal Fln9ndal Rapwt k)
I
CITY OF DENTON, TEXAS_
Totals
Year Ended
September 30, 1995 September 30, 1994
1 68,97 2,242 1 70, 704, 330
13,542,386 13,105,768
9,519,066 8,497,019
6,162,350 5,750,767
I 416,805 214,872
98,602,849 98,272,756
41,264,742 42,315,656
6,606,512 7,795,035
81,212 79,729
10,917,974 10,436,699
1,894,009 11662,156
3,088,064 2,913,183
8,009,264 8,243,336
9,055,821 7,935,011
207,642 266,319
3,708,893 3,124,927
63,632,433 84,671,032
14,970,416 13,601,724
21693,592 3,809,401
16,116, 2931 15,609,8581
1452, 7031 1215, 64 51
13,884,4041 12,076,1021
11,085,012 11,526,622
1,764,228 1,710,346
12,650,240 13,235,968
108,211,230 92,976,262
1,497,106
107,708,336 92,975,262 _
• 1120,889,679 1108,211,230
O O
I
•es•
- Comprananatre Annual Financial Ropm
•
1
CITY OF DENTON, TEXAS { j
COMBINING STATEMENT OF CASH FLOWS -
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
I~
Utility System Solid Waste
CqA Kowa from operating actlrltias:
Cash received horn customers 1 91,993,345 16,034,689
Cash paid to employees for services (8,91014031 11,935,1281
Cash paid to suppliers 165,641,906) 12,208,6641
Not cash provided by oparatlons 17,4411,038 1,891,897
Cash flows from non d financing scdvitles
Convibutions to Fleet Replacement Fund (433,644) 140,0491
Issuance advance to Solid Waste
Contributions to others
Proceeds from other 20,990
Not cash (used forl noncapttaf financing eetlvRias (412,654) 140,0491
Cash flows from capital and rotated financing actlvltles:
Proceeds received from contributed capital 201,848
Principals payments on revenue bonds and contractual
obligations (4,295,0001 1214,2431
Interest and fiscal charges 16,849,1661 1154,7991
Proceeds from Issue of revenue bonds and contractual
obligations 2,000,000
Proceeds from issue of notes payable 137,280 {
Principal payment on notes payable 1138,0001 i
Proceeds from advance from other funds 91,397
Principal payments under capital lease obligation 195,2511
Principal payment on long-term advances from other funds (500,000i 150,000?
Payment received on long-term advances to other funds 550,000
Acquisition and construction of fixed assets (6,954,409) 11,091,0421
1 Net trash provided by fused forl capital and
related Rnencing eetlvldas 116,845,4471 488,062
i Cosh flows from Investing ac ivitles: i
Proceeds from sate and maturities of Irrrestment securities 63,416,885 653,215
Purchase of Investment securities 166,181,3211 13,108,4221
Interest received on investments 2;,,77,798 83,309
Not cash (used fors Investing actlvltlos _ 1127,6781 12,469,8981
A Net Increase (decrease) In cash and cosh equivalents 65,25) 1131,9881 • •
i Cash and cash equivalents October 1 6,122,698 655,382 ii
J Cash and cash equlrWrts Seplamber 30 1 5,177,955 1 523.394
r_
lContinuedl
ii
es ii
Comprshenslva Anhui Flin"af Report
i
+r....,.. .~,y,
I
I
r CITY OF DENTON, TEXAS
Totals 4
Veer Ended
September 30, 1995 September 30, 1994
1 98,028,034 6104,217,337
110,848,6311 110,417,040!
{67,848,6701 (76,310,4831
19, 332,933 17,489,814
1473,6931 1213,9481
1531,7851
1153.709)
20,990 162,012
1462,7031 1747,4301
201,848 193,763
r (4,509, 24 3) 14,149, 5571
} 16,003, 9651 15,681,790)
SS 2,000,000 1,650,050
137,260 8,204,419
1 (138,0001 1576,$061
91,397 631,785
I 195,2511
155010001 1400,0001
650,000 400,000
18,045,4511 (18,397,821)
116,359,3851 118,226,667}
e~
64,023,100 36,968,3$5 r
169,287,7831 04,634,9591
2,681,107 3,619,454 _
12,697,5761 13,747,1 901
1 e (78,7311 IS,230,473)
O e
6,778,080 12,008,653
6 6,701,349 1 6.178,080
V
I
87•
ConWehemive Annual Finenclel Fl4port - - -
t ,
.
CITY OF DENTON, TEXAS f
t
COMB!NING STATEMENT OF CASH FLOWS
ALL ENTERPRISE FUNDS (Concluded)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
j
utility system Solid Waste I
Rec&x*;;0on of EnlWoo Operating Funds Income to Net Cash
Provided by Opera" AcHvitles - I
Oper&Vnp Income 113,681,205 11,269,211
Adjustments:.
Depreciation expense 6,897,233 122,031 I
ClosureJPostclosure expense 207,842
Decrease Ilncreasel in recelvabtes 1468,006} 166,405!
Decrease Ilnoressel in due from other funds 140M91 110,2861
Decrease pncrease) In kieentories
twesso (Decrease) In accounts payable 52,623,907+ 69,540
Ircreaas IDecressel In less eatable 233,412
Increase IDecreaso) >n secumutoled unpaid f ,
compenscted absences 62,030 19,413
Increase IDecrease) In due to other funds 152,699 17,089 I J
Total sdjuNments 3,769,831 602,688 J
Not cash provided by oppol" octlvltles 117,441,038 11,891,897
I~
Supplemental Schodu': of Noncesh Caphaf end Related Financing AetivltHa
Noncash activity durkrg the year consisted of contributed eapiUl from contractors and developers for the Utility System
in the amount of 1669,923.
I l
fl -o~
•6a•
Comprol onslve Annual rkwdal Report - !
r
i
i
[ CITY Of DENTON, TEXAS
I
1
Totals
_ Year Ended
Septerber 30, 1995 September 30, 1994
$14,970,416 113,601,724
6,809,264 8,243,335
207,842 266,319
1524,4101 11,074,9541
I 0014051 7,619,535
l 47,452
12,654,3871 (2, 310,267)
233,452
71,443 47,705
189,688 18,551,0351
4,362,517 3488,090
11),332,933 417,489,814
1
1
•
i
0 •
ConvehoneNs Annwl Nn"d Rapon -
•
i
CITY OF DENTON, TEXAS_
f
SCHEDULE OF REVENUES, EY➢ENSES AND CHANGES IN RETAINED EARNINGS IOEFICITI -
BUDGET AND ACTUAL • (BUDGET BASIS) • ALL ENTEAMSE FUNDS
FOA THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Utility Svatlm
Variance
Favorable
Budget Actual (Unfavorable) II
OPERATING REVENUES:
Electric service 169,916,693 1 68,972,242 1 (4,4511
Water service 13,788,420 13,542,385 (246,0341
Wastewater service 9,696,398 9,519,066 1177,332)
Charges for services 835,100 348,372 1486,7281
M "llaneous 218,927 119,403 199,624)
Total Opsratfng Revenues 93,615,538 92,501,469 (1,014,069)
OPERATING EXPENSES: I I
Purchased power 43,660,010 41,263,098 2,416,914 s
Fuel 6,132,9110 5,606,612 1473,7121
Purchase of water 94,900 81,212 13,688 !
Salaries and wages 10,395,031 9,717,092 677,939
Materials and supplies 11578,793 1,570,469 8,324
Mainlenance and repairs 3,342,512 2,178,484 1,184,028 r
Administrative cost 8,439,703 8,429,703 10,000
Closure iposteiosura cost
Miscellaneous 4,634,261 3,126,687 1,408,674
Copilot outlay 6,300,494 3,294,512 2,005,982
Total Opera ing Expenses 03,498,604 78,256,767 7,231,037
OpsratWng Ineome 10,018,934 15,234,702 6,217,768 I !
NONOPERATINO REVENUES IEXMSESI:
Interest revenue 3,124,097 2,544,193 (500,8041 `
Interest expenses and fiscal charges 15,849,1661 16,943,4301 194,2641
Other 1486,633) (412,553) 72,878
ToldNonapersting IExpenses) 13,209,7021 13,611,0921 1602,1901 !
Not Income 0,007,232 12,422,810 8,615,578
RETAINED EARNINGS {DEFICITI • October t
as pravlously r*Wod 59,650,028 107,450,174 47,900,146 !
Increase In adjustment of fixed assets 1,440,077 1,440,077
• RETAINED EARNINGS (DEFICITI • October I as restated
Mudget Bails) 59.560,028 100,890,251 49,540,223
RETAINED EARNINGS fDEFICITI • September 30 66,357,260 121,313,001 54,955,801 !
ENCUMBRANCES AND CAPITAL OUTLAYS 6
NET OF DEPRECIATION (709,2681 1789,2601
AETAINED EARNINGS 10EFIC TI • Saptamber 30 Y )
IGAAP Sestil 165,867,992 1120,823,793 151,958,001
•
.70. 1
CwnprahanaMa Annual Flnandal Report 1
r.•.-..-..,.,.-..mot-...-... .
•
r
:.P
r CITY OF DENTON, TEXAS
Solid Wage Total
Variance.. Variance..
Favorable Favorable
Budget Actual 1Unlavcrablel Budget Actual {Unfavorable)
1 9 8 169,975,693 1 68,972,242 4 (4,4511
13,7 8 9,4 20 13,642,386 1246,0341
9,696,398 9,519,066 1177,3321
6,626,474 6,803,978 177,604 5,461,574 6,152,350 1309,2241
54,705 297,402 242,697 273,632 416,605 143,173
6,681,179 6,101,360 420,201 99,196,717 98,602,849 1593,868)
43,680,010 41,263,096 2,416,914
6,132,900 6,606,512 1473,7121
[ 94,900 81,212 13,688
If 2,059,770 1,930,268 129,502 12,454,801 11,547,380 807,441
336,188 263,057 73,109 1,914,959 1,833,526 81,433
615,264 653,466 138,202) 31957,776 2,831,950 1,125,826
636,118 635,118 9,076,821 9,065,821 10,000
207,841 1207,842) 207,842 1207,8421
11126,608 1,007,244 119,364 6,660,869 4,132,831 1,528,038
I 269,072 242,885 26,187 _ 5,569,666 3,537,397 2,032,169
5,042,998 4,940,880 102,118 88,641,602 81,201,647 7,333,955
539,181 111601500 622,319 10,655,116 17,395,202 6,740,087
39,100 139,399 100,299 3,164,097 2,683,592 1480,5051
071,1163h 1171,8631 16,849,1661 16,115,2931 1266,1271
18319331 140,049} 23,984 1649,4661 (452,704) 95,762
124,8331 172,6131 {47,6801 13,234,535} 13,884,4051 1649,6701
613,348 1,067,987 474,839 7,420,680 13,510,797 6,090,217
(2,089,6131 (1,238,944) 850,869 57,460,415 106,211,230 48.750,815
67,029 67,029 11497,106 1,497,106
I
12,089,813) 11,181,9151 907,696 57,460,415 107,708,336 50,247,921
I 11,478,2651 193,9281 1,382,337 64,880,995 121,219,133 66,338,138
128,711 128,711 (650,6571 1660,6571
I i.
111,347,6641 1 3+,783 11,382,337 161,220,43E 9120,665,676 158,338,138
' • e o
st 71 .
I Compohanalra AnnuN Fl "W Raporl
,
r
-CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • UTILITY SYSTEM
SEPTEMBER 30, 1996
I~
ASSETS Electric System Water System
Cash and deposits i 1,189,106 4 4,019
Investments 31,365,543 4,216,189
Receivables Inet of allowances foe unconectibles)
Accounts 6,613,460
Unbilled utility service 3,195,789 862,461
Accrued Interest 788,170 61,281 II
Other 1,487,007 2,409
Due from other funds t4,820 4,090
Marchandye h v entory 1,283,443 I J
Deferred bond Issuance costs 413,127 318,113 J
Restricted assets • I
Cash and deposits 1,321,562 2,026,997
Investments 18,201,634 10,004,060
Accrued Interest 109,672 144,669 I I
Due from other funds
Advances to other funds 6,881,764
Fixed assets (net of secumOsted depreciation) 41,617,170 91,301,243 f
Total Assets $113,463,377 1108,944,621 lJ
IContinued)
I I
I1
; , II
Il r
r
I I •
II
I~
•72•
Comprehensive Annual FNSndel Ibpas I
•
CITY OF DENTON, TEXAS
i
i
Totals for Utility System
Wastewater System September 30, 1995 September 30, 1994
1 1 1,173,126 1 38,481
1,388,206 36,968,938 34,161,818
8,813,460 8,719.214
663,034 4,622,284 4,534,423
17,357 688,808 691,008
316 1,489,731 1,200,948
10,799 29,709 6,426
1,283,443 1,28 3,443
211,513 952,753 1,031,680
i 1,658,261 5,004,830 6,086,211
4,394,452 32,800,338 32,701,980
59,224 313,485 326,767
15,835 15,638
6,681,784 6,431,785
35,918,132 168,836,545 166,459,368
144,245,149 4286,853,041 4261,869,548
Compnhana!va Amu* Finneld hood
r
d
CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • UTILITY SYSTEM lConcludedl
SEPTEMBER 30, 1995
LIA81LFfIES AND FUND EOUFTY Electric System Water System
Uabiades:
Accounts payable and accrued expenses 1 3,176,118 6 222,507
RetaiMge payable 22,935 !
Accumulated unpaid Compensated absences 342,611 96,207
Deposits 1,165,1141
Payable from restricted assets -
Accounts payable and accrued expenses 96,205
Retainage payable
Due to other funds 12,368
Accrued interest 416,762 306,164
Revenue bonds payable 2,024,808 1,439,732
Accrued interest 119.809 [
Due to other Funds 67,219 89,250
Advances from other funds
Revenue bonds payable 20,168,710 14,992,143
Notes payable 84,904,895
Total Lle Oss 27,444,082 82,096,198
Fund Equity:
Contributed capital -
From other municip:;kbes or governmental units 13,060 5,642
In aid of constructiicn 1,285,011 13,090,499
Lose accumulated depreciation 1781.7501 16,954,7291
Net contributed capital 516,281 8,142,312
Retained earnings
Reserved for bond retirement 4,416,078 2,668,372
Reserved for capital projects 2,881,117 6,744,092
Reserved for working capital 2,000,000
Reserved for emergency 8,000,000 -
Reamed for water tower 350,000
Relented for water wells 90,000
Reserved for Infrastructure financing 649,000
Unreserved 68,406,639 10,288,647
Total Retained Earnings 65,503,034 20,106,011
Total Fund Equity 66,019,315 2111,110,323
Total Llebl9tles and Fund Equity 1113,483,377 1106,944,821
i!
•74•
Compnhanslra Annual Flnari Repots
K A_rr
•
•
I CITY OF DENTON, TEXAS
f
f
Tolls for fh ljty System
Wgtewster System September 30, 1995 Septembet 30,1094
1 277,345 1 3,674,970 1 5,877, 960
22,935 191113
103,520 642,338 490,308
1,165,841 11296,604
10,997 107,202 373,910
27,068
6,149 18,515 91539
308,855 1,030,761 1,135,333
920,462 4,385,000 41295,000
f 119,909
17,432 113,001 30,278
5,000,000 51000,000 51600,000
f 14,871,147 601010,000 $4,395,000
64,804,995 64,803,715
21,515, 907 131,036,167 13 k, 2 63,828
14,890,022 14,909,624 14,909,824
10,671,379 24,948,689 24,075,117
f 117,046,9071 124,783,4261 123,019,1971
8,414, 494 15,073,087 16,965,544
f 2,685,118 9,666,588 9,736,768
• 1,829,212 11,264,421 12,491,330
2,000,000 2,000,000
6,000,000 8,000,000
350,000 260,000
90,000 45,000
485,000 1,110,000 760,000
• 9,436,418 88,130,804 74,171,076 • O
14,314,748 120,823,193 101,450,174
f 22,729,242 135, 696, 880 123,416,716
144,245,149 1286,663,047 1261,689,546
f
•78.
f Comp ohonslw Antral Fln"al Vapors
lip
-ol'up go
,
CITY OF DENTON, TEXAS-
COMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EAANINGS -
UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Electric System Water System
OPERATING REVENUES:
F1",:tric service 068,972,242 1 I I
dater service 13,642,386
Wastewater service
Charges for services 348,372 I
Miscalla neovs 33,395
Total Operating Rwarwa 69,320,614 13,580,781 I
OPERATING EXPENSES:
Purchased power 40,350,630 512,133
Fuel 6,579,235 I I
Purchase of water 81,212
Salaries and wages 4,8)3,939 1,959,440
Materials and supplies Bd7,428 535,142
Maintenance end repairs 1,203,944 773,676
Depreciation 3,225,663 2,121,613
Administrative cost 4,770,628 2,011,118
Miscellaneous 1,766,788 462,208
Total Operating Expenses 53,828,076 8,456,442 r
Opwat" Income 6,692,539 6,124,339
NONOPERATING REVENUES IEXPENSESI:
Interest revenue 1,784,466 471,828
interest expense end fiscal charges 11,301,8871 13,688,2361
Other _ 1249,5441 193,6851 {j
Total Nonopwatlny Revenues IEapenseel 233,035 (3,310,093)
~J
Nat Income 61926,674 1,614,246
Add; Depreciation of fixed assets j
acquired with contributed capitol 58,651 604,852
Increase In retuned earrings 6,984,226 21419,096 t~
RETAINED EARNINGS • Octobw 1 as psvlously IoWod 78,097,724 16,382,173 j
Increase Ideefessel In adjustment of fixed assets 1,421,085 195,2601
RETAINED EARNINGS • October 1 a restated 79,518,809 18,286,913
RETAINED EARNINGS • 6splembw 30 185,603,034 120,705,011
•71•
! - CempeNenslve Annual Am"d Report i~
•
CITY OF DENTON, TEXAS
I
Totals for Utility System
Year Ended
Wastewater System September 30, 1995 September 30, 1994
1 68,972,242 170,704,330
13, 542, 386 13,105,7 68
9,519,066 9,519,066 81497,019
348,372 450,290
81,008 119,403 78,007
9,600,074 92,501,469 92,835,414
i
402,079 41,264,742 42,315,658
27,357 6,606,612 7,795,035
81,212 78,729
2,129,054 8,962,433 8,676,212
219,618 $.022,248 1,325, 764
428,693 2,406,313 2,192,030
1,340,051 8,687,233 7,977,390
1,948,051 8,429,703 7,551,155
540,772 2,759,768 2,250,318
6,735,747 78,820,264 80,062,281
2,664,327 13,661,205 12,773,133
287,899 2,544,193 3,737,522
1953, 3011 15,943,4301 15, 549,514)
159,426) 1412,654} (210,038)
l 1734,8331 (3,811,891) 12,022,0301
2,129,494 9,8691314 10,751,103
1,100,726 1,784,228 1,710,346
{ 3,230,219 11,633,542 12,461,449
10,970,277 107,450,174 94,988,725
114,252 1,440,077
1 11,084,529 108,890,251 94,989,725
1 $14,314,748 1120,52 3,7 91 1107,450,174
r I
f
' I I
•11•
Comprehsnslra Mnur Floandal Naporl
S
CITY OF DENTON, TEXAS
COMBINING SCHEDULE OF CASH FLOWS -
UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Electric Water
System System
Cash flows from marating aetivhlatl
Cash received from customers It 68,822,147 113,660,160
Cash paid to employees for services 14,841,8621 (1,866.3471
Cash paid to suppliers 157,806,782) (4,705,4091
Not cash provided by operations 6,374,623 7,088,394
Cash flows from noncephal finndng aativltlet: Ik
Contributions to Fleet Replacement Fund (249,5441 (93,6851
Issuance advance to Solid Waste
Contributons to others
Proceeds from other i
Net cash (used I,x) nonoapltel financing I
sctivittse _ 1249,6441 19310B5f k f`
Cesh Rows horn capital end related financing activlt1w 1
Proceeds received from contributed apity' 8,000 17L,867
Principal payments on revenue bonds 12,033,4561 (1,455,6071
Interest a>a fiscal charges 11,318.3371 (3,574,604) I
Proceeds from issuing a' Notes Payable 137,280
Principal payment on Notes Payable 1136,0001
Principal payment on long-term advance from other funds
Payment received on long-tam advance to other funds 650,000
Acquisition and construction of fired assets 131605,6281 12,357,356)
Net cash lusad for) capital land r*IM*d
finandne actlvltles (6,301,4211 17,210,3201
Cash flows frrm Investing acoliltles:
Proceeds from sale and maturities of investment securities 37,633,144 19,563,795 I
Purchase of Inveatmera securities (39,088,2781 120,086,7801 !
0 Interest received on investments 1,794,299 499,388
Not ash provided by used furl Invos" activldss 339,186 (23,6171
Net Increase (decressel in ash and ash equlvalFnts 162.723 1239,2281
Cash and cash edulvalenis October 1 2,327,935 2,270,244 I~
Cash and cash squivalnu soptamber 30 1 2,490,669 1 2,031,016
r
(Continued) ` +
7Y•
Comprahaneive Annust Finendel Raporl
•
I
_ I
_ CITY OF DENTON, TEXAS
Totals for utility system
Year Ended
Wastewater
System September 30, 1995 September 30, 1994
19,511,048 ! 91,993,345 1 98,354,310
12,202,1941 18, 910, 4031 18, 821,0501
13,330,7351 165,641,906) 173,089,2111
3,978,119 17,441,038 111.704,0-59
190,4151 {433,8441 (208,3411
1531,785)
1153,7091
20,990 20,990 152,012
169,4251 (412,6541 (741,8231
19,991 201,848 193,753
(808,037) 14,296,000) (4,015,0001
(958,225) 15,84911661 (5,578,6521
137,280 8,204,419
1136,000) 1576,6061
150010001 (500,0001 1350,0001
550,000 400,000
11,091,4251 18,954,409) 118,210,749)
13,333,706) 08.945.4471 (17,933,7351_
8,278,848 63,476,885 34,574,565
(7100613031 (65,181,3611 (41,041,209)
294,131 2,577,788 31787,081
(443,226) (127,618) 12,699,5631
131,762 $5,257 14,671,0721
1,524,619 6,122,698 10,793,770
~ 11,656,281 1 B,t77,A56 1 8,122,698
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79
CmWaoh nsito Annual FN4ndal A6w
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CITY OF DENTON. TEXAS f i
f
COMBINING SCHEDULE OF CASH FLOWS
UTILITY SYSTEM IConcludedl
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995 I !E
EI
Electric Water t
System System i
Raconastion of Utility System Opers0ii Funds Income to Not Cash Ihovidad by Opersting Actlvltles
Operating income 15,692,539 $5,124,339
Adjustments:
Depreciation expense 3,225,663 2,121,513
Decrease gncresse) in receivables (485,423) 60,316
Dec esse (Incressel In due from other funds 113,044; 19471 }
Decrease pncrease) in inventories 1
Increase ;Decrease) in accounts payable 12,136,9511 1402,7321 I
Increase IDecresse) in accumatated unpa~d
compensated absences 32,077 93,093
Increase (Decrease) hi due to other funds 59,662 72,812 I I
Total adjustments 681,984 1,964,055
Not ash provided by operating activities 16,374,523 $7,088,394
I I
Suppl6m6Mal Scli ed le of Noncash Capital and RNstad Financing Activilles
Norash activity during the year consisted of contributed capital from contractors and developers for the Water and I I
Wastewater Funds in the amount of $388,257 and $301,658 respectively. 11
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•g0,
Corwahwalve Annuli Financial Repot
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I CITY OF DENTON. TEXAS
I
Tocaia for Utility System
_ Year Ended
wastewater
Syatem September 30, 1995 September 30, 1994
112,864,3227 $13,681,205 $12,773,133
1,340,057 8,687,2:;3 7,977,380
(62,698) 14Sa,0051 111,657,9311
(28,1281 140,1191 7,216,827
• 47,452
184,2241 (2,823,9071 (11457,307)
173,14n1 52,030 80,172
20,125 162,599 (8,255,661)
1,113,792 3,759,831 3,930,916
$3,978,119 $17,441,036 $16,704,049
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,t1•
Cwwohentlvt Annual Fowdal ll4port
4
,.~rwrrtx
4~•~
CITY OF OENTON. TEXAS I I t
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Canp*Arutr. Aemu+l Plnmet.l a.,«, N
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CITY OF DENTON. TEXAS
I r
I
SUMMARY OF INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30. 1995
Warehouse Fund- to account for the financing of goods and services provided by the Warehouse to other
City departments. Such costs provided by the Warehouse are billed to the other departments at
standard labor charges and cost of parts plus 15%. Actual costs include depreciation on
machinery and equipment used to provide the service.
Fleet Servkes Fund- to account for the financing of goods and services provided by the Municipal Garage
and Machine Shop to other City departments. Municipal Garage and Machine Shop biflings include
labor charges and cost of parts ptus 25%. Actual costs Include depreciation on the building,
improvements, machinery, and equipment used to provide the service.
Motor Pool Fwrd ato account for the purchase of City vehicles and equipment not budgeted In other
funds. These vehiciei are then leased to other City departments. Monthly charges are equal to
the vehicle cost less salvage value divided by the expected life of the vehicle.
Risk Rereno;oa Fwrd • to account for the accumulation of resources for the payment of employee
Insurance claims and insurance policies.
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.83.
Comprahenslve Amuaf Financial PoW
E
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CITY OF DENTON• TEXAS _ I
COMBINING BALANCE SHEET • ALL INTERNAL SERVICE FUNDS (I
SEPTEMBER 3D, 1995 1111
ASSETS Warehouse Fleet Services Motor Pool
Cash and deposits 1 1 1 474,629
Investments 66,499
Receivables -
Accounts t~
Accrod interest 80,519 11
Other 4,631 10,267 -
Due from other funds 46,752 104,287 7,332
Merchandise inventory 1,853,801 183,347
Prepaid items 2,099
Restricted assets -
Cash and deposits 100,000 418,336
Investments 5,987,422
Accrued Interest receivable 466 465
Advance to other funds 91,397
fixed assets Inez of accumulated depreciation) 107,400 232,253 4,493,513
Total Asecta 12,044,683 1 630,620 $11,340,112
LIABILITIES AND FUND EQUITY
L4bWtiar.
Accounts payable and accrued expenses 11,605,613 6 349,742 4 93,633 re
Accumulated unpaid compensated absences 8,196 11,211 7,603 II!
Payable from restricted assets •
Accounts payable and accrued expenses
Due to other funds - $9,395
Accrued interest payable 2,823 27,294
Due to other funds 31 77,590 2,361
Leases payable 62,316 147,153
General obtigotion bonds payabl,. 104,045
Certificates of obligation 180,670 2,066,962
Claims payable
Total Llab Ves 1,666,145 687,431 2,449,051
Fund faulty:
Contributed capital 281,391 6,291,622
Less accumulated depreciation (281,3911 (4,439,285)
Net contributed capital 852,337 r
Retained earnims (deficit) -
Reserved for capital project 66,109 138,801
Reserved for fleet replacement 6,987,422
Reserved for future claims
Unreserved 348,638 1122,9201 1.932,5D1
Total Retained Earnings (Dafich) 348,538 (56,811) 8,038,724
Total Fwd Equlty (Detlcit) 348,638 155,811) 8,891,061
Total 1.1"ilas and Fund Equity 11,014,683 1 630,820 $11,340,112
-94-
Comprehensive Annual F(nandsf Report
~Fwwr. .e.w
CITY Of DENTON, TEXAS
I
,
Tote?
f Risk Retention September 30, 1995 September 30, 1994
1 379,443 4 854,072 1 708,678
5,557,510 5,644,009 6,193,728
• 27,128
99,340 179,859 225,553
176,429 191,327 202,084
158.371 437,686
2,037,148 1,912,205
2,099
238,336 315.301
5,967,422 5,674,044
931 6,053
91,397
4,833,166 4,329,631
16,212,722 $20,198,137 1?0,032,091
1 69,308 / 2,114,295 6 2,082,319
36,999 36,330
9,458
59,395 409,885
- 30,117 47,921
91,442 171,424 4,622
199,469 106,272
104,045 548,175
2,247,632 2,765,307
3,286,012 3,286,012 1,177,100
3,446,762 8,249,389 7,187,395
5,573,013 5,035,644
• 14,720,6761 (4,464,9401
652,337 $70,904
204,910 202,010
51967,422 5,374,044
I 2,765,960 2,765,960 4,926,622
• 2,158,119 _ 1,771,115 0 0
2,766,960 15,098,411 12,273,792
I 2,765,960 11,946,748 12,844,696
$6,212,722 $20,198,137 120,032,091
•65•
Cemprahanalra Annual Fk w6af NoW
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CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICIT) - ffk
ALL INTERNAL SERVICE FUNDS 1
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995 f
Warehouse Fleet Services Motor Pool
OPERATING REVENUES;
Charges for goods and services 12,545,038 12,087,506 11,707,469
premiums ~I
Miscellaneous 15,092 69,445
Tad Operating Revenues 2,560,130 2,146,951 1,707,469
OPERATING EXPENSES:
Salaries and wages 117,670 567,823 77,053 !I
Materials and supplies 2,082,292 1,420,518 3,838
Maintenance and repairs 12,239 27,197 5,249
Depreciation 12,645 9,126 1,352,706 Il
Insurance
Administrative Cost 65,695
Miscellaneous 184,385 42,341 1,199
Total Operating Eapanfas 2,409,431 2,133,000 1,440,045
Operating Income (Loot) 160,699 13,951 267,424
NONOPERATING REVENUES IEXPEASES): (1
Interest revenue 3,895 278,884
Interest expense and fiscal charges 1819911 113,4941 1152,534)
Other If 1,0471 8,440 188,318 ~I
Total Wxmpermi Revenuer (Expenses) (18.03 a1 11,159) 314,668
Operating Income hoot) asfon Operating - I}
Transfers 132,661 12,192 682,092
OPERATING TRANSFERS IN (OUTI:
Operating transfer in 83,871
• Operating transfer out 183,8111
To,1 Operating Tmofers In (Out) 83,471 183,8711
Net Income (Lass) 132,561 96,663 498,221
Add: Depreciation of fixed assets scauired 1
with contributed capital _ 255,736
Increase (Decrease) in Retained Earnings 132,661 96,663 763,9571
• RETAINED EARNINGS IOEFICIT) • October 1 _ 215,877 _ 1153,4741 7,284,767 O 0
RETAINED EARNINGS (DEFICIT) • September 30 n 348,538 1 (66,6111 18,038,724
~vee~
Corprehenfhe Annual Ftnendal Report.
i
I CITY OF DENTON, TEXAS
f
Totals
Year Ended
Risk Retention September 30, 1995 September 30, 1994
4 1 6,340,013 1 5,982,307 I
2,814,736 2,814,736 3,711,151
818,433 892,970 158,244
3,833.169 10,047,719 91851,702
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I 762,546 712,150
3,506,748 3,650,745
44,685 28,884
1,374,677 1,641,400
51971,088 5,971,088 3,747,325
65,895
227,925 419,755
5,971,088 11, 953, 564 10,094,259
12, 337,9191 11,905,8451 124z.557)
272,257 555,036 523,119
1173,0191 0 99,1651
I 185,711 117,192
272,257 557,728 441,126
12,065,66 21 (1,338,1171 198,569
63,671
195,0001 1178,8711 1143,0461
195,0001 19510001 1143,0461
12,160,682) 11,4 3 3,1171 55,523
255,736 290.647
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` 12,160,6821 11,177,3811 346,170
4,928,622 12,273,792 11,927,622 d
12,765,960 $11,098,411 $12,273,792
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•97•
CompnTenslre Annual Financial ReW
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CITY OF DENTON, TEXAS
COMBINING STATEMENT OF CASH FLOWS .
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1195
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Warehouse
Cash flows from operating MIvilloo:
Cash received from customers If 2,508,562
Cash paid to employees for services (118,9451 1
Cash paid to suppliers (7,332,7691
Not cash provided by (used for) operations 58,848
Cash flows from noncspital financing savitlow:
Operating transfers out to other Ivnds -
Operating transfers from other funds {
Net cash provided by fused for} noncepital financing activities
Cash flows fr" capital and related financing, activitles: f
Principal payments on certificates of obtigations - I
Interest end fiscal charges 16,9911 l
Proceeds from issue of certificates of obligation
Principal payments under capital lease obligations 112,3751
Acquisition and construction of fixed assets 139,4821
Proceeds from sale of fixed assets
Not cash lased fool CoOtaf and related financing activities 158,848k
Cash Raws fr in Investing actIvltiw
Proceeds Isom sale and maturities of Investment securities
Purchase of investment securities
Interest received on Investments
Net cash provided by fused for) Invasting "vWss ;
Net increase (decrease} in cash and cash equivalents
Cash and cash equivalents • October 1
Cuh and cash equivalents • Seplwnber 30 ► f
Reconciliation of Intend Service
Operating Income to Not Cash Provided by (Used for)
Operating Activhias
Operating income poss) / 160,699
AdiustmenW
Depreciation eypense 12,845
Decrease Ilnceesse) in receivables (4,6311 I
Decrease llncreasel in due from other funds 148,7531
Decrease gncre4sel in inventories (130,7721
Decrease pncreisel in prepaids (2,099) r
Increase fDwegsel in accounts payable 79,803
Krease {Decease) in leases payable
P
Increase (Decrease) in accumulated unpaid Compensated absentee 725
Increase (Decrease) in due to other funds 31 0 •
Increase 10euease) In claims payable
total sdjuslmente 191,851;
Not cash proo4od (used for) by operating actlvltlej 1 68,848 jj
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•911• 1
Comprshenshre Annual Finandel Report i
1..,. , +H~.:. a
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CITY OF DENTON, TEXAS
Totals
Year Erded
fleet Servlaes Motor Pool Risk Retenpon September 30, 1995 September 30, 1994
1 2,498,334 1 1,782,4'19 4 34666,150 110,445,485 $ 9,435,991
1587,5201 177,4121 - 1761,8171 1708,458)
12,006,752) 111,586) 13,727,784) 18,078,8911 (7,358,443)
185,9381 1,653,441 (61,6341 1,804,717 1369.090
l 183,8711 (95,0001 1178,671) 1143,0461
83,871 63,871
83,871 183,871) 195,0001 195,0001 1143,0461
(45,168) (474,734) 1519,9021 1591,8801
(14,2281 1167,348) 1188,5871 1193,8411
1,236,480
196,6871 1109,0621 1195,4631
19,5761 11,530, 3371 11, 589, 3951 0.65310861
194,420 194,420 147,618
(78,972) 12,074,686) 12,212,5061 (1,266,1721
I 10,024,663 7,476,997 17,501,860 0,272,164
19,516,5051 17,628,810) (17,245,319) 19,282,5531
I 3,895 248,512 262,470 514,877 467,433
31895 655,668 110,657 771,218 12,542,9581
177,1441 191,550 145,9771 68,429 12,573,0841
177,144 421,415 425,420 1,023,979 3,597,063
4 100,000 4 612,965 1 379,443 41,092,406 1 1,023,979
l 4 13,951 1 267,424 112,337,919) 411,906,645) 4 042,5571
{ 9,126 1,352,706 1,374,677 1,541,400
25,655 21,024 1212,7511
18,439 (8,203) 7,326 129.1911 1202,9601
324,944 19072 (200,357)
12,0991 10,950
5,629 81,173 42,971 208,778 294,548
I ;182,690} (182,6901 Z'
303 1359) 669 3,692
1273,640) (1,3001 91,421 (183,688) 174,295 4I
J - 2,108,912 2,108,912 202,830
199,8691 1,426,017 2,278,285 3,510,562 ',,611,647
(85,838) 1 1,693,441 1 (61,634) 11,604,717 11,369,090
•99•
- - Corrovsha ta(r• Amur ek+andal Rspon
S
CITY OF DENTON. TEXAS
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICIT) -
BUDGET AND ACTUAL • (BUDGET BAEIS) . WAREHOUSE, FLEET SERVICES, AND MOTOR POOL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Warehouse
~ariance-
Favorable
Budget Actual (Unfavorable;
OPERATING REVENUES:
Charges for goods and services $4,600,000 12,545,038 1(2,054,9621 II'
M,sceltaneous _ 2,000 15,092 13,092 1
Total Operating Revenue 4,602,000 _ 2,560,130 12,041,870)
OPERATING EXPENSES:
Salaries and wages 122.452 116,946 5,505
Materials and supplies 3.976,440 2,082,244 1,893,195
Maintenance and repairs 18,250 12,118 6,132
Administrative cost
Miscellaneous 237,665 202,341 35,324
Capital outlay 1,800 1,800
Total Operating Espenue 4,355,607 2,413,649 _ 1,941,958
Operating Income Mesa) 246,393 146,481 199,912)
NONOPERATING REVENUES IEXPENSESI:
Interest revenue
Interest expense end fiscal charges 16,9911 (6,9911 I I
Other - (11,047! 111,047) f
Totd Nonoperating Revenues (Espensul (18,0381 (18,0381 (t
Income Before Operatln,7 Transfers 246,393 128,443 1117,950) OPERATING TRANSFERS IN (OUT),
Operating iransfers in
Operating transfers (out)
Total Operating Transfers
O
Not Income 246,393 126,443 (117,950) ~I !
RETAINED EARNINGS IDEFICITI • October 1 215,877 216,877 '
RETAINED EARNINGS IDEFICITI • September 30 w
ISudoet Basis) 248,393 344,320 97,927
O ENCUMBRANCES AND CAPITAL OUTLAYS NET OF O O
DEPRECIATION INCLUDED ABOVE 4,216 4,218 r
RETAINED EARNINGS IDEFIC(TI • September 30
IOAAP Bins) 1 250,611 1 348,538 1 97,927
-Do.
Oomixe lve Annuel Finandah Report
t
CITY OF DENTON, TEXAS
I 1 ;
Fleet Services Motor Pool
3 ~
Variance- variance-
Favorable Favorable
Budget Actual IUnfavorablel Budget Actual IUnfavorablel
1 2,530,006 42,087,506 1 (442,5001 61,550,781 11,707,469 1 156,686
_ 59,445 59,445
2,530,008 2,146,951 (383,0551 1,550,781 1,707,469 156,688
591,849 $67,519 24,330 77,481 77,414 67
1,653,075 1,373,676 279,399 600 3,838 13,2391
27,780 26,718 1,062 14,650 5,249 9,401
40,134 6,500 33,634
74,155 42,248 31,907 61521 1,200 6,321
26,900 19,577 7,323 1,462,085 11309,880 172,205
2,413,893 2,036,238 377,655 11581,337 1,397,581 193,766
116,113 110,713 15,4001 W.556) 309,888 ,:40,444
3,695 31855 329,514 278,884 150.6301
113,4941 113,4941 1152,5341 1152,534)
8,440 8,440 64,000 168,318 104,318
1 (1,1591 51,159) 413,614 314,668 198,846)
I 116,113 109,554 18,559) 382,958 624,556 241,598
83,871 63,871
183,8711 193,8711
03,871 83,871 183,8711 183,8711
•
r 116,113 193,425 77,312 3821958 540,685 157,727
(5,285,3661 1153,474) 5,131,892 4,879,134 7,284,767 2,405,633
(5,169,263) 39,951 5,209,204 6,262,092 7,825,452 2,583,360
• • i
196,762) (56,762) 213,272 243,272
115,268,0151 1 (56,811) 45,209,204 15,475,364 48,038,724 12,583,360
f
f Compel Ove Amual Finandai ROW
•
CITY OF DENTON, TEXAS I E
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CmV ehandve Amin! Fkiwo" Rppe
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E CITY OF DENTON, TEXAS
l
SUMMARY OF AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
AGfNCYft/NDS
Psyrof - to account for the collection and payment of the City's payroll and associated liabilities.
Wormer CompensafJon • to account for the City employees' Investment In a deferred compensation plan.
Othw • to account for miscellaneous City employee funds.
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CITY OF DENTON, TEXAS { I
II
COMBINING BALANCE SHEET - ALL AGENCY FUNDS
SEPTEMBER 30, 1995 fff
ASSETS _ Agency Funds I~
Cash and deposits 12,010,582
Other recehrabtes 7,268
Due from other funds II
Total Assets 12,817,838
LIABILITIES AND FUND BALANCE ! 1
A"ounts payable 12,817,000 11
Due to other funds 838 I
Total Liabilities 2,017,638
Fund balance
Total Ll"flos and Fund Bstarue 12,817,838 Il
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Comp"she Annual Finrtolsl Rspan I f
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CITY Of DENTON, TEXAS
i
Totals
September 30, 1995 September 30, 1994
12,510,562 42,771,820
7,266 4,138
9,820
$2,517,838 12,785.778
12,817,000 12,780,205
638 5,571
I " 2,817,838 2,785,776
12, 517,638 $2.705,776
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CompteNnalra Am %d Fkw~dd Upon p
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CITY OF DENTON, TEXAS
ST) TEMENT OF CHANGES IN ASSETS AND LIABILIAES - ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995 ff
Balance Il
October 1, 1994 Il
PAY110LL FUND
ASSETS
Cash and deposits 1 928,183
Other receivables 41138
Oue from other funds 91820
Total Assets 1 942,139
L W IlILrt1ES
Accounts payable $ 938,568
Due to other funds 5,571
Total LtabBitles - 1 942,139
DEFERRED COMPENSATION rfNYD
ASSETS
Cash and deposits _ 11,843,637
Total Assets 11,843,637
wrs
L4ABILMES
Accounts payable - die to participants N,843,637
Total U"049 11,843,637 l
All OTHFR AGENCY FUNDS .~.w. ~ I
ASSETS
Cash and deposits 1 I j
Total Assets 1
LIABILITIES
Accounts payable • due to employees 1
Total 1.1"iles 1
TOW AGENCY FUNDS ! i
ASSETS
Cash and deposits 12,771,820 r i
Other receivables 4,136 11
Due from other funds 9,620
Told Assets 12,785,778 I
• LABILIT IES
Accounts payable $2,780,205
Due to other funds 5,671 I
Total Uabilltlas $2,114,716
1 'I
•Be• II
Com ellionsha Annual FNrrWaf RayrA
Asa,,., s•
Memo
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CITY OF DENTON, TEXAS
Balance
Addttlons Deductions September 30, 1995
$52,868,982 1$3,405,576 $ 391,689
3,317 197 7,256
9.920
152,872,299 453,415,693 9 398,845
419,265,661 $19,804,222 4 398,007
1,034 5,767 838
$19,268,895 $19,609,989 s 398,845
11 643,270 $ 65,878 $2,401,029
$ 643,270 4 85,878 $2,401,029
f $ 643,270 4 85,878 $2,401,029
$ 643,270 1 85,878 $2,401,029
$ 17,964 1 1 17,964
$ 17,964 4 1 17,964
4 17,964 1 $ 17,964
1 17,964 1 $ 17,954
1153,530,216 $53,491,454 $2,810,582
3,317 197 7,256
• 9,820
$53,633,533 $53,50t,471 12,817,838
• O •
119,926,895 411190,100 $2,517,000
1,034 6,767 838
$19,827,929 119,695,867 $2,817,838
9f
Compahmn0ve Annual ftnenctal BeW -
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CITY OF DENTON, TEXAS I I
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I
GENERAL FUND SUPPLEMENTAL INFORMATION
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
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CITY OF DENTON, TEXAS }
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GENERAL FUND • SCHEDULE Of EXPENDITURES •
BUDGET AND ACTUAL I
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Variance- III {
Actual A"[ Favorable
Budget Expenditures Encumbrances Wnfaroreble$
OENERAI 00VVWMCNT:
Administ,stion 100001 r
Personal Services 6 450,434 4 450,392 4 4 42
Supplies 16.; ,6 17,720 26 500
Maintenance IA09 873 636 I
Services 78,359 87,456 7,499 3,402
Sundry 10,700 10,614 86
Fixed Assets 3,400 3,071 329
Proprietary Funds Reimbursement 1218,Id2I 1218,1821
344,486 331,966 7,525 4,995 r,
Public Information 100011 ll 11
Personal Services 55,943 65,942 1 ~I
Supplies 650 240 310
Maintenance 500 600
Services 6,930 1,889 428 4,613 1
Proprietary Funds Reimbursemont 142,973; 142,8731
21,050 16,198 428 6,424
Cable TV 100031
Personal Services 10,827 5,065 6,782
Supplies 2,790 2,676 68 47 I
Maintenance 2,500 132 418 11952
Services 2,410 1,651 859
Sundry 500 151 349
Fixed Assets 800 759 41
Proprietary Funds Reimbursement 17,4991 17,4961
12,329 2,835 484 9,010 I)
facilities Management 100021
FJ
Personal Services 373,827 372,782 1,045
Supplies 38,495 28,610 46 9,939
Maintenance 176,382 133,330 6,086 37,966
• Services 1,189,051 1,160,549 6,644 21.956 0 -
Fixed Assets 80,194 60,194 `
Proprietary Funds Reimbursement 1272,730} {272,7301 r
11585,219 11602,535 11,678 70,908 `
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_ CITY OF DENTON, TEXAS _
GENERAL FUND - SCHEDULE OF EXPEND4TURES
BUDGET AND ACTUAL tCONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
i
Var ance-
Actual Ac"l Favorable
Budget Expenditures Encumbrances (Unfavorable)
I Admini"tive Services (00811
PenonalServlus t 218,351 t 197,789 1 i 20,582
Supplies 16,176 15,626 548 1
f Maintenance 211269 20,516 1,363 1
Services 64,614 49,612 4,500 502
Fixed Assets 10,135 10,136
Proprietary Funds Reimbursement 124,0491 124,049)
• 296,996 289,529 6,401 21,066
Human Resources 100081
Personal Services 441,119 416,865 25,263
Svpplies 37,122 32,009 644 4,529
Maintenance 3,818 3,265 651
Services 66,047 67,274 3,843 4,930
Swrdry 8,652 G,SSO 2
Fixed Assets 11,335 11,207 129
Proprietary Funds Reimbursement 1382,760) 5382,7601
185,292 145,411 4,487 35,394
Information Services IOOB01
Personal Services 532,323 512,046 20,277
Supplies 33,025 29,732 197 3,098
Maintenance 108,609 75,702 23,501 9,405
Services 374,045 271,057 62,342 34,645
Sundry 150 126 25
Fixed Assets 14,873 13,107 1,766
Proprietary Funds Reimbursement 5451,9751 1451,9701
611,049 455,793 56,040 69,216
•
Legal Administration 100041 i
Personal Service1 417,730 389,143 28,667 i '
Supplies 8,364 71349 136 179
Maintenance 1,620 526 1,291 }
Services 65,214 61,886 21,572 1,766
• Sundry 600 340 160 4S •
Fixed Assets 20,483 20,331 151 1
Proprietary Funds Reimbursement 4113,6781 1143,8781
39,233 338,897 21,851 32,077
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CITY OF DENTOM, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES •
BUDGET AND ACTUAL ICONTINUEDI
FOR THE FISCAL YEAH ENDED SEPTEMBER 30, 1995
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances IUnlavorablel r~
Municipal Covet Judge 100,M) Personal Services 1 153,093 4 146,688 1 1 4,405
Supplies 10,618 2,724 65 7,807 )
Mainteria.xe 400 263 137
Services 19,637 6,984 13,653
183,746 157,659 85 26,002
Municipal Services 100091
Personal Services 180,760 180,284 478
Supplies 4,882 4,381 601
Maintenance 180 179 1
Services 14,510 13,062 1,428
Sundry 498 497
200,830 198,423 2,407 l)
Library Administration 100701 l11i
Personal Services 137,427 137.&27 Supplies 15,644 18,262 233 149 1
Maintenance 6,842 6,740 3 93
Services 62,162 60,225 231 1,705
Fixed Assets 24,000 22,607 1,392 1
247,075 243,268 1,859 1,948
Library Support Services {00121
Personal Services 357,288 340,037 17,251
Maintenance 6,907 6,485 422
Services 700 691 9
383,896 348,213 4€2 17,260
•
Library Adult Services 100731 r
Personal Services 244,124 242,349 1,775
Supplies 6,000 5,997 3
Services 33,836 32,162 1,517 157)
Fixed Assets 67,599 66,014 1,403 282
351,559 346,522 2,920 2,217 A 0
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CITY OF DENTON, TEAS
GENERAL FUND • SCHEDULE Of EXPENDITURES -
BUDGET AND ACTUAL [CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
f "ananee-
Act-cal Actual ravorsbte
E Budget Expenditures Encumbrarces lUnlavorablel
fl Library Children Services {00741
Personal Services / 177,647 6 164,502 S 1 13,145
Supplies 1,200 1,076 85 39
Services 700 585 115
Fixed Assets 40,000 35,305 2,553 2,142
219,547 2O t,468 2,638 15,441
South 9ranch Library 100761 1
Persona; Services 71,545 15,371 Si',174
Services 18,523 13,259 15B 3106 fI
Fixed Assets 150,692 94,245 65,865
238,760 112,875 66,024 6901 fff
Finance A'rninistration [00201
Persona! ; ervices 260,591 260,681 10
SUPPI41 4,386 4,001 365
3 Maintenance 29 29
1 Services 24,314 23,608 733 13
Sundry 6 8
Proprietary Funds Reimbursement 1149,60BI (149,608) _
139,720 138,519 1,118 83 _
Purchasing 10021)
Personal Services 220,685 219,337 1,626
Supplies 9,250 N,945 28 277 (l
Maintenance 1,748 102 1,646
Services 20,838 19,339 152 1,147
Fixed Assets B0O 515 284
• I Proprietary Funds Reimbu•sement 1135,510) 1135,5101
117,991 112,729 380 4,682
Customer Se vice (0022)
r Personal Services 8e9,981 624,681 25,330 '
l Supplies 180,769 179,722 202 845
• Maintenance 1,668 1,637 4 27 • •
Services _ 73,870 73,595 275 t
Proprietary Funds Reimbursement (829,987) (829,9871 II
1 76,301 49,648 205 26,447
103
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CITY OF DENTON, TEXAS
i
GENERAL FUND • SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL ICONTINUEDI
FOR THE FISCAL YEAA ENDED SEPTEMBER 30, 1995 !t
Variance k 1
Actual Actual Favorable
Budget Expenditures Encumbrances !Unfavorable) I
Cashiering {00231
Personal Services 1 257,078 1 256,970 1 1 108
Supplies 6,400 3,944 1,456 ll
Maintenance 800 794 6
Services 9,150 8,314 68 778
Proprietary Funds Reimbursement _ 1240,6931 1240,693)
31,733 29,329 58 2,346
Accounting 10024)
Personal Services 648,391 601,684 46,807
Supplies 18,650 16,576 71 1 (I
Maintenance 767 766 1
Services 19,295 18,083 1,212
Sund•,' 100 68 32
Fixed Assets 5,227 6,222 5
Proprietary Funds Reimbursement _ 1335,774) 1335,774)
265,656 207,527 71 48,056
Tax 100251
Personal Servkes 611612 611696 17
Supplies 14,652 12,434 14 2,204
Maintenance 60 29 31
Servkes 3,567 21476 1,111
79,911 76,634 14 3,363
'duniclpal Court Clerks 100261
Personal Services 317,685 317,478 207
Supplies 38,689 38,671 378 1,622
• Services 14,369 12,664 194 1,621
310,123 366,703 670 3,450 r
l
Internal Audit 100271
Personalbervtes 64,556 64,344 212 II
Supplies 3,746 3,740 6
• Maintenance 650 769 91 O •
Services 4,956 4,602 363 ~I
fixed Assets 1,240 596 64S
Proprietary Funds Reimbursement 162,6191 (621619)
12,728 11,421 6 1,301!
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CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL ICONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Variance
Actual Actual Favorable
Budget Expenditures EncumtHances Wnfavonttel
Il Finance Administration Misc. 1020MI
Services 1 209,607 1 83,785 1 36,335 4 90,387
` Sundry 745,578 874,780 70,798
Proprietary Funds Reimbursement (80,280) (80,2801
874,803 678,285 106,131 90,387
Accounting Misc. 1024M)
Personal Services 100000 88,347 11,853
Services 130,000 89,251 40,702 2t,047
Insurance 169,768 169,7&8
Sundry 126,110 118,177 178 6,765
Proprietary Funds Reimbursement 139,032) (39,0321
476,848 395,511 40.880 39,455
Inspection 10014)
Personal Services 465,061 451,188 13,876
! Supplies 12,386 12,262 99 4
I Maintenance 7,379 5,871 240 266
Services 60,178 49,406 773
Sundry 100 74 28
Fixed Assets 6,212 1,921 3,270 21
540,295 821,719 31809 14,967
Planning and Development MOM
Personal Services 484,620 453,024 31,802
Supplies 13,482 10,614 449 2,419
Maintenance 375 233 142
Services 37,749 32,476 91 5,182
It Sundry 850 774 70
Fixed Assets 91198 2,328 0,436 436 i
Proprietary Funds Reimbursement 018891 14,8891 _
641,691 494,660 6,916 40,056
Planning and Development Misc. (DIEM)
Administrative Transfer 82,626 32,026 • 0
f Sundry 156,000 131,697 1,392 17,011
Proprietary Funds Reimbursement (17,9261 (11,920)
220,699 202,295 1,392 17,011
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CITY OF DENTON, TEXAS k
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GENERAL FUND • SCHEDULE OF EXPENDITURES • I
BUDGET AND ACTUAL ;CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEM8ER 30, 1995 I!
Variance. II
Actual Actual Favorable
Budget Expenditures Encumbrances (Unfavo(able) I1
Main Street Program 100181
Personal Services 4 50,021 4 45,088 1 1 1,933
supplies 1,897 1,020 77 I
Services 12,026 10,621 7 1,400 J
Fixed Assets 600 696 4
64,346 60,925 7 3,414 II
rote/ aff al0overnnent 1 9,054,809 1 8,011,190 1 374,265 1 689,040
, LI
PUBW SAFETY, I
Police 100401
Personal Services 1 6,083,110 1 5,950,774 1 1 112,336
Supplies 250,701 112,893 12,070 26,819 II
Maintenance 205,179 203,329 519 1,331 I
Services 390,308 346,028 402 43,278 II
Administrative Transfer 62,600 38,918 23,582
Sundry 1,650 1,049 601
Fixed Assets 8,317 8,262 85 II
6,981,746 8,761,843 12,991 206,912
Fire Administration 100501 I~
Personal Services 497,768 497,701 6
Supplies 26,605 27,870 125 610
Maintenance 28,130 23,268 73 4,791 II
Services 169,609 136,279 2,909 30,421
Sundry 1,844 187 11657 I~
126,954 686,383 3,107 37,484
•
Firs Operations 100511
II i
rersonal services 3,644,071 3,644,671
Supplies 100,714 61,989 7,692 111033
Maintenance 57,000 62,313 191 4,496 (k R
Services 168,428 154,470 3,930 (f
• Fixed Assets 69,000 52,352 14,500 21086 0 0
3,929,613 3,885,003 22,443 21,867 II
II
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ComprsAenalvs Aeoual F1 &Wd Report I
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUEDI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Vadance-
Actual Actual Favorable
t Budget Eapenditves Encumbrances (Unfavorable)
{i Fire Prevention 100521
Personal Services 1 177,972 t 177,969 1 1 3
Supplies 7,500 7,018 684
Maintenance 8,000 5,947 2,063
Services 22,809 19,382 3,227
218,181 910,314 5,867
Emergency Medical Services 10053)
Personal Services 754,926 764,921 4
Supplies 82,565 78,751 84 3,721
` Maintenance 40,494 34,215 6,279
i Services 154,357 127,332 27,035
Fixed Assets 1,995 1,918 83
1,034,341 997,135 84 37,122
rotorlr,817c Safety 112,888,035 112,540,458 1 38,526 1 308,952
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CITY OF DENTON, TEXAS I I
GENERAL FUND • SCHEDULE OF EXPENDITURES • I
BUDGET AND ACTUAL ICONTiNUEDI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Variants. I 1
Actual Actual Favorable
Budget Expenditures Encumbrances SUnfavorable) II
PUBLIC wofars.
Engineering 10010)
Personal Services 4 934,701 1 814,924 1 1 119,777 I~
Supplies 28,480 25,914 236 2,310
Maintenance 10,185 7,174 452 2,580
Services 44,827 39,026 4,667 1,134 II
Fixed Assets 47,992 42,346 6,645
Proprietary Funds Reimbursement 136,469} 136,4691 _
11029,697 892,916 5,355 131,427 Il
Transportation Engineering 100121 II
Personal Services 274,637 274,637
Supplies 7,046 7,044 2
Maintenance 87,644 73,072 14,472 I~
Services 59,892 69,892
Fixed Assets 2,816 2,795 21
431,935 417,440 14,472 23
Airport 100191
Personal Services 68,652 68,651 1 I I
Supplies 3,201 3,290 1
Maintenance 10,058 9,924 133 1
Services 81698 8,698
Sundry 56,068 66,056 12
Fixed Assets 3,885 3,885 I~
160,552 160,404 133 15
Street Patching {00311 Er
• Personal Services 658,381 807,676 601806 EJ
Supplies 89,614 66,726 31889
Maintenance 913,558 911,544 2,014
Services 141,496 113,385 76 28,036
Fixed Assets 4,000 3,470 _ 630
1,777,049 1,891,699 21089 83,261 g
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Canpnhenalve Annual Flnem" Repot I
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances (Unfavorable)
Street SweepingrDralnage 108101
Personal Services 4 196,913 t 196,913 4 1
f Supplies 19,840 17,134 48 2,656
Maintenance 60,265 80,255
Services 51,284 50,766 616
367,292 354,070 054 2,558
Street Lighting 100341
l'- Services 425,000 427,176 825
l 428,000 427,175 825
Environmental Health Services 10038)
Personal Services 135,634 135,533 1
Supplies 5,268 4,841 427
1. Senelces 7,842 8,229 1,613
Fixed Assets 41018 3,969 49
l 152,882 150,572 2,090
l Animal Control 100391
Personal Services 220,656 214,427 6,129
Supplies 17,516 17,124 297 95
Maintenance 10,612 8,412 1 2,199
I. Services 35,359 31,177 4,182
284,043 271,140 296 12,606
Toed AAA Works 1 4,611,230 t 4,355,415 4 22,911 i 232,904
• 0
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• 109. i
Comprehensive Annual Flnendd !Report i
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHEDULE Of EXPENDITURES •
BUDGET AND ACTUAL ICONTINUE01 I
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
Variance-
Actual Actual Favorable
Budget Expendn was Encumbrances (Unfavorable!
PARRS d RfCREA 71AM:
Parks 8: Recreation Administration (0060)
Personal Services 1 174,594 1 166,820 1 1 17,774 t)
Supplies 16,502 15,615 158 531 Ill
Maintenance 586 398 188
Services 59,521 54,024 224 5,273 ~l
Sundry 420 411 9 t
Flied Assets 33,508 15,593 18,224 1,791
285,231 243,051 16,604 25,586
Recreation 100821 ~l
Personal Services 808,454 801,416 7,038
Supplies 86,835 80,209 638 5,968
Maintenance 15,800 15,973 60 667
Services 166,983 148,123 450 17,790
1,078,852 1,049,311 1,148 31,383
Park Ma'ntenance 100631
Personal Services 905,904 838,665 87,039
Supplies 90,330 86,975 2,047 1,308
Maintenance 149,574 144,528 4,948
Services 168,725 133,020 341 35,384
Sundry 150 160
Fixed Assets 40,787 40,246 541
1,355,470 1,243,734 7,334 104,402
Toth Pants 1r Reonat/on 4 2,i 19,SS3 1 2,533,118 4 26,086 / 161,351
GRAND TOTAL GENERAL FUND 129,273,327 127,440,187 1 460,887 1 1,312,263 II
• 110
- ComprsAanslva Anrwel Financial Report
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l `CITY OF DENTON, TEXAS
1
FEDERAL ENERGY REGULATORY COMMISSION SUPPLEMENTAL INFORMATION
ELECTRIC UTILITY SCHEDULE OF ASSETS, LIABILITIES AND CAPITAL
ELECTRIC UTILITY SCHEDULE OF NET INCOME
ELECTRIC UTILITY SCHEDULE OF BUDGET AND ACTUAL EXPENSES
FOR ELECTRIC OPERATING FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
(UNAUDIT'eD)
The schedules presented here reflect the Federal Energy Regulatory Commisslon (FERCI
I'. format and basis of accounting. The FERC basis of accounting is not OAAP, This FERC financial
presentation reflects information for the Electric Operating Fund only.
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CITY OF DENTON, TEXAS ~I
ELECTRIC UTILITY SCHEDULE OF ASSETS, LIABILITIES AND CAPITAL • (UNAUDITEDI
ELECTRIC OPERATING FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1995
ASSETS AND OTHER DEBITS September 30, 1996 September 30, 1994
Eleotrlc Ut" Plant
Electric utility plant and adjustments If 99,902,792 194,878,923
Construction work in progress 1,276,815 524,919
(Less) accumulated provision for
depreciation, amortization and depletion (59,662,4361 (52,487,7201
Not Eecvla Utility Mani 41,617,171 39,916,122
Other Property and Invenments
Investment In associated enterprises 5,881,784 6,431,784
Total Other Property and Investments 6,681,784 6,431,784
Currant and Accrued Assets
Cash, working funds and investments 42,534,649 37,743,917
Notes and other receivables 1,363,066 11081,638
Customer accounts receivables 12,984,471 12,762,304 q
(Less) provision for uncollectible accounts 16,400,1091 16,072,1661
Fuel stock and expenses undistributed 1,283,443 1,283,443
Accrued utility revenues 3,196,789 3,237,200
Miscellaneous current and accrued assets 968,038 592,831
Total Current and Accrued Assets 56,918,337 60,629,137 n
Deferred Debits '1er
Unamortized debt expenses 279,413 300,345 ss
Tots( Detained Debits 279,413 300,346 till
Told Assets end Other Debits 41031696,705 197,277,389
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CooWshanshrs Annud FbarWd Raped
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1 CITY OF DENTON, TEXAS_
LIABILITIES AND OTHER CREDITS September 30, 1996 September 30. 1994
Propdatary Capital
Miscellaneous epltel t 616,261 1 666,932
i Retained earnings 76,966,281 66,198,602
I Total Proprietary Capital 76,482,552 86,787,634
Long-Term Debt
Bonds 22,181,616 24,214,972
Mess) unamortiaalion discount on long-term debt (133,714) (143,717)
Total longterm Debt 22,047,602 24,071,265
1
I Currant and Accrued Llebl itlae
Accounts payable 3,140,343 2,421,830
Customer deposits 1,103,144 1,242,995
Interest accrued 415,752 453,140
Miscega,xous current and accrued liabilities 607,102 310,534
Total Current and Accrued Usb6itles _ 6,186,341 4,438,699
Total Usbiadat and Other Credits 0103,698,705 197.277,386
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CITY OF DENTON, TEXAS _
ELECTRIC UTILITY SCHEDULE OF NET INCOME • IUNAUDITEDI
I ELECTRIC OPERATING FUND
FOR rHE FISCAL YEAR ENDED SEPTEMBER 30, 1995
f Year Ended
September 30, 1995 September 30, 1991
1 ELECTRIC UTILITY OPERATING REVENUES 163,603,222 165,082,421
Operation expenses 48,741,435 50,165,226
Maintenance expenses 2,080,175 1,810,167
Depreciation expenses 3,225,863 3,725,779
Taxes and tax equlvslents 2,943,8)0 2,338,380
Total Electric Utklty Operating E,.Wess 66,991,164 _ 66,029,641
Elactrk Utility Oparadng income 0,612,056 7,052,880
Otter electric income 1,939,290 2,692,123
Other electric deductions 11,015,8051 1713,1131
Electric Ut"y booms 7,535,643 9,031,690
Income deductions from interest on long-term debt 1,318,337 1,478,784
Other Income deductions 01,839 _ 48,530
Total Income Deductions 1,400,176 1,527,814
Not Income 1 0,135,367 1 7,504,276
I
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•tt4.
Comprabanafva Am" FbandM Report
1
CITY OF DENTON, TEXAS f l
ELECTRIC UTILITY SCHEDULE Of BUDGET AND ACTUAL EXPENSES • {UNAUDITEDI
ELECTRIC OPERATING FUND
FOR THE PERIOD ENDED SEPTEMBER 30, 1995 1
Plant Operation 4 I
Expenses Expenses
j
ELECTRIC PLANT IN SERVICE:
Production plant 1 255,792 6
Transmission plant 3,376 {
Distribution plant 2,581,772 f
General plant _ 287,163
Total Electric Plant 3,114,102 f
POWER PRODUCTION EXPENSES:
Steam power generation 1,639,342
Fuel 6,587,193
Hydraulic power generation 128,099
Other power generation 11
Purchased power 40,361,180
Total Production Expenses 48,716,825 rrF1
TRANSMISSION EXPENSES 64,844 I 1
DISTRIBUTION EXPENSES 2,708,767 11111
CUSTOMER ACCOUNTS EXPENSES' 1,297,461
CUSTOMER SERVICE
INFORMATIONAL EXPENSES 364,497 i
I
ADMINISTRATIVE 6 GENERAL EXPENSES' 1,723,282
II
PAYMENT W LIEU Of TAXES 18011 2,945,890 ~
NONOPERATINO EXPENSES:
Principal payments bonds 2,013,458
Interest on long-term debt 1,318,337
Interest, customer deposits and other 81,839 If
Donrtans 454,073 f i
Non-utility operations 697,956
Total Nonoperedng Expanses 4,685,661 {
TOTAL EXPENSES 13,114,102 162,404,217
~I a
' InelAes administrative transfer to general government 0
ii
` .116 •
h Comprahenelvs Annual Financial Report -
.
:n
CITY OF DENTON, TEXAS
Variance.
Melntenanco Total Total Favorable
Expenses Expenses Budget IUnlavorablel
1 1 255.792 1 2 3 0,000 1 126.7921
9,375 - 1913751
2,581,772 2,686,868 105,196
267,163 243,507 (23,656)
3,114,102 3,160,475 46,373
1,196,459 2,835,801 3,080,896 245,095
8,587,193 6,123,039 1464,1541
15,930 144,029 242,509 98,480
r 11 1111
4 40,361,180 42,651,160 2,289,980
1,212,369 49,928,214 52,097,604 2,169,390
14,368 79,212 123,355 44,143
1,347,895 4,058,652 4,272,307 216,655
1,297,461 1,289,549 17,9121
364,497 722,202 357,705
35,097 1,758,379 2,227,512 469,133
E 2,943,890 2,943.690
I 2,033,456 2,033,456
1,318,337 1,318,337
81,839 191,8391
,4073 490,375 36,302
697,956 653,245 144,7101
4,685,661 4,495,414 190,2471
12,609,740 168,128,068 $71,332,308 13,204,240
f
0 0
• 117
Compshonslv4 Annual Financial IlaW
,
CITY OF 0ENTON, TEXAS
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STATISTICAL SECTION
(UNAUDITED)
Il
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• 119 • I ,
led
.
•
CITY OF DENTON, TEXAS
i
l
GENERAL GOVERNMENT EXPENDITURES
BY FUNCTION 1,1
LAST TEN FISCAL YEARS
I~
Fiscal General Public Public
Year Government Safaty Works
1986 1 5,501,953 1 7,156, 369 1 3,690,350
1887 7,498,530 7,742,987 3,630,471
1988 8,468,435 8,318,904 4,040,489 II
1989 10,542,100 9,160,314 4,367,287
1990 10,470,382 10,184,816 4,228,457
1991 9,881,559 10,882,769 4,612,406
1992 10,578,876 11,497,169 4,516,066
O
1993 10,733,969 11,6:,7,809 4,722,845
1994 8,773,398 11,917,580 4,123,527 II
1995 10,074,911 12,604,527 4,374,433
111 Includes General, Special Revenue, and Debt Service Funds II
121 Difference due to advance refunding of General Obligations bonds and Certificates of Obligation in November, 1985, II
Il
• 11
II
CorrWshansive Amuel Financial Raparf j
+i
20
a
a~ r•
1
,CITY OF DENTON. TEXAS
i
Table 1
,I
Parka and Debt
I Recreation Other Capital Outlay Service Total
12,110,862 41,044,401 1 167,146 (2) 120,681,081
I 2,252,215 390,359 3,663,923 26,178,486
2,306,063 448,593 4,164,783 27,747,257
2,397,948 403,533 5,608,831 32,869,813
2,645,892 574,721 4,586,442 32,690,510
2,648,087 234,782 4,819,773 33,166,446
I 2,814,673 486,650 4,416,269 34,309,823
2,760,189 428,226 4,509,919 34,802,959
I 2,868,159 646,163 4,812,285 33,041,142
3,017,813 1,123,650 4,586,888 35,782,222
i
.I
I
a
I
I
ComprOws1vo Annuef Fkundel Report t
t
CITY OF DENTON, TEXAS
GENERAL REVENUES BY SOURCE (1)
II
LAST TEN FISCAL YEARS Il
ikenses
Fiscal and franchise Fines and
Year Taxes Permits Fees Forrettures
1986 113,838,013 0379,238 1 377,960 $ 659,194 II
1987 15,865,362 280,171 426,319 780,746
1988 17,394,836 211,999 650,679 1,144,911 II
1969 16,674,210 222,756 695,142 1,232,786
i
1990 16,998,632 261,080 677,188 1,267,651 II
1991 19,766,479 243,070 614,940 985,532
1992 19,790,132 293,621 760,467 1,037,117
1993 20,932,369 368,619 722,861 11313,157 II
1994 21,758,706 418,693 6,219,184 1,195,427 II
1995 22,099,226 388,274 6,112,849 1,662,640
III Includes General, Special Revenue and Debt Service Funds I I
II '
II
II
II , z '
• , 22 .
Comprehensive Annud Financial RpoA
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A
I
{1
E CITY OF DENTON, TEXAS
Table 2
i
Inter.
Fees for Interest Governmental Misrenaneous
Services Revenue Revenue Revenue Total
$1,050,070 4 245,555 11,791,435 4 636,803 $18,178,268
1,128,764 347,415 1,123,194 018,556 20,970,829
1,312,662 800,178 1,179,092 1,006,108 23,600,665
1,299,206 808,290 1,681,445 2,073,460 26,486,265
1,197,861 748,200 1,480,669 1,485,608 28,105,107
1,287,836 643,722 1,244,634 996,283 26,772,465
1,405,187 688,162 1,371,442 771,838 28,008,674
1,433,620 601,968 2,100,947 1,097,775 28,651,128
1,578,773 416,163 1,634,115 1,006,993 33,440,034
1 1,747,684 737,282 2,779,958 1,295,034 38,713,126
I.
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J
3
123-
Comprehensive AA%al Fln"al Rapott
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CITY OF DENTON, TEXAS I~
PROPERTY TAX LEVIES AND COLLECTIONS
I I ~LAST TEN FISCAL YEAPS
fl I
11 ~
Fiscal Total Current Tax Percent of Levy Delinquent Tax
Year Tax levy (1) Collection Collection Collection$
1986 18,515,906 18,184,114 9516% 1228,808 I
1987 10,601,306 10,474,616 98.97 303,649
1988 12,192,485 11,741,034 98 30 313,376
1989 12,646,346 12,281,164 97.11 441,851 II
1990 13,167,416 12,719,236 96.80 338,907
1991 13,718,332 13,343,005 97.26 203,887 II
1992 13,498,816 13,188,350 97.71 301,984
1993 13,732,609 13,451,202 97,95 340,382
1994 14,023,943 13,813,925 98.60 194,761
1995 41,080,169 10,930,077 98.65 172,279 II
(1) Denton Central Appraisal District I I
fI
1 II
II
II _ ,x
II
•124•
CompraA4nlv4 Amunt Fhanefal Report
•
S ,
_ CITY OF DENTON, TEXAS
Tebls 3
Outstanding
Total Calteci'ons as Delinquent Taxes
Total Tax a Percent of Outstanding as a Percent of
Collection Current Levy Delinquent Taxes Current levy
8 8,392,920 98.64% 1 1,019,080 11.97%
t 10,778,165 99.79 1,042,749 965
12,054,409 98.87 1,064,131 8.73
12,723,016 100.61 1,133,897 8.97
13,055,143 99115 1,275,664 9.69
13,646,892 99,76 1,510,553 11.74
13,490,340 99.95 838,015 6.21
13,791,684 100,43 942,322 5.86
14,006,585 99.90 912,342 6.51
11,102,356 100.21 846,352 7.64
I:
19
I
` -11211.
Comprahenalvo Annraf Flnanolal Ilaport
~.a_..._oz:aer 111 'hµ*.w w
Will 11A
r
CITY OF DENTON. TEXAS f
f1
ASSESSED AND ESTIMATED ACTUAL VALUE OF f
TAXABLE PROPERTY
LAST TEN FISCAL YEARS f 1
fi
Heal Property Personal Aoperty
Fiscal Assessed Estimated Actual Assessed Estimated Actual f}
Year Value Value Value Value
1988 $1,176,422,667 $1,176,422,567 $267,120,891 020,120,891 tl
1987 1,521,836,234 1,521,635,234 298,827,706 2y8,627,706
1988 1,758,880,865 1,768,860,855 29t,433,722 291,433,722 If
1989 1,833,449,788 1,833,449,765 301,911,169 304,911,169
1990 1,776,614,695 1,775,614,595 382,388,865 362,388,868
1991 1,735,495,295 1,736,496,295 300,we,990 300,108,990
1992 1,661,1601663 1,661,180,863 290,143,627 290,143,827 f
1993 1,559,265,681 1,659,265,681 332,456,607 332,456,607 I
1994 1,533,917,670 1,533,917,670 326,678,699 326,678,599 ~f
1995 1,627,473,605 1,627,413,605 344,486,297 344,485,297 II
Information provided by the Denton Central Appraisal District. ~l
Certified Appraisal Roll.
I~
• !I
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Comprat,ansly$ Amuat Firwiclal Report 1
•
-CITY OF DENTON, TEXAS
Table 4
k
Total I
I Ratio of Total
Estimated Actual Assessed to Total
Assessed Value Value Estimated Actual
$1,443,543,458 $1,443,643,458 100%
1,820,463,940 1,820,463,930 100%
2,060,294,577 2,050,294,577 100%
2,138,360,945 2,138,360.945 100%
4 2,139,001, 561 2,139,001,661 100%
I 2,038,603,285 2,036,603,285 100%
1, 951, 304,490 1,951, 304,490 100%
1,891,722,188 1,891,722,188 100%
1,859,696,289 1,859,596,269 100%
1,871,959,902 1,971,959,902 100%
f
f
I
427.
CompreWslre Annual Flnendel II
Mort
CITY OF DENTON, TEXAS
_ II
Table 6 j
PROPERTY TAX RATES AND TAX LEVIES
DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
TAX RATES IPw 1100 of Ibeettod V■Iwtlon)
Fiscal School `
You City District County State Tote f
lose 05600 0.660 .1760 .00 1.6160
1967 016600 0.790 .2306 .00 116106 I~ 'f
1966 0.6626 0.770 .2264 100 1.6662 f
1969 0.5926 0.630 .2260 .00 1.6467
1090 0.6163 1.066 .2410 .00 1.9247
1991 0.6551 1.226 .2647 .00 2.1476
1992 0,6661 I,S60 .2044 .00 2.3406
1003 0.7190 1.470 .2024 .00 2.4404
1094 0.7470 1.660 2004 .00 2.5073 II
1995 05609 14277 12690 .00 2S765
I I '
TAX LEVIES
Fiscal school r
yoer Crty District County state Tote
loss 1 1,516,900 114,290,080 911,164,543 1 1 33.071,629
f l
1087 10,801,300 16,610,325 19,414,002 46,634,633
Me 12,112,466 18,264,797 21,467,470 61,074,762 ,
1069 12,6-,4,348 20,609,793 22,846,164 60,100,893
1990 13,151,416 26,907,760 24,014,368 83,600,651
1091 13,711,332 28,076,876 27,913,048 89.7011,268
• 1092 13,496,116 29,877,816 27,910,055 71,266,416
1993 13,772,609 33,204.405 29,114,164 76,031,161
1994 14,023,043 73,682,767 52,154.363 10,731,063
1196 11,080,169 32,853,631 31,134,101 76,068.101
1
O SOUKCE: Donlon Control Approlul District O O
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Comptehendye Arhus! Flnential Awe"
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I CITY OF OENTON, TEXAS
i
Table 8
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
Total
Delinquent Outstanding
Current Current Ratio of Assessments Current and
Fiscal Assessment Assessments Collections to Collections Delinquent
Year Due Collected Amount Due Adjustments Assessments
1986 4 1279,229
1987 279,229
1988 90,711 188,618
1989 1,766 166,763
1990 97,D35 69,717
1991 48,245 41,471
1992 1,370 40,101
1993 33,072 7,029
1994 2,421 41608
{
1995 3,530 1,078
I l
I /
6 1 1
1
+i •129•
1 Co"Vehanslrs Anwaf Fln"d Report
y~•Y.VMI'•yNM4 ~.1
s
CITY OF DENTON• TEXAS _
l
fl
RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA)
LAST TEN FISCAL YEARS
Fiscal Assessed Value Gross f f
Year Population fin thousands) Bonded Oebt II i
1980 64,460 41,443,643 122,065,659
1997 65,191 1,620,454 26,366,060 1
1988 65,623 2,060,295 28,754,759 f;
1969 66,011 2,139,351 30,770,309 ,
1990 66,270• 2,139,002 30,933,509 fl
1991 66,470 2,036,603 26,131,359 I
1992 66,900 1,951,304 26,773,609
1993 67,404 1,691,722 30,971,049 Il
1994 66,660 1,669,696 311,240,606
1995 69,630 11971,960 33,162,499 f f
Ill Excludes general obligation bonds pledged by sanitation revenues
' 1990 Census
1
l
i
130• f~
Compr_ en0ve Amusl M"W Rapart
CITY OF DENTON, TEXAS
! ToMe 7
I
Ratio of Net
Less Debt Service Bonded Debit* Net Bonded Debt
Funds Net Bonded Debt Assessed Value Per Capita
i
f 11,247,326 420,816,533 1,44 323
t' 1,695,340 24,670,720 1.35 376
1,912,926 26,651,631 1.31 409
1,132,060 29,638,249 1.39 449
722,476 30,211,033 1.41 456
309,526 27,611,633 1.37 419
344,335 28,429,174 1.46 426
322,944 30,646,205 1.62 453
322,763 32,917,642 1.77 480
704,904 32,441,594 1.65 468
k
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I
131•
I CwVaheealre Amust Fine 4lef Neport
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CITY OF DENTON, TEXAS I 11
Table 8
II
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 1995
Net Assessed Value 11,860,979,514
Plus Exempt Property Total 110,980,318
Total Assessed Value 11,971,959,902
Debt Limit • No debt limit is mandated by law
but the City does recogntes six percent as
an economic limitation 4 118,317,694
Amount of debt applicable to debt limit • p
Total general obligation bonded debt 123,231,731
Less generel obligation bonds pledged by
sanitation revenues 1584,2331
Certificates of obligation 10,806,000 33,162,499
Less • Amount In debt service fund available
for payment of principal 704,904
Total Amount of Debt Applicable to Debt limit 32,447,694
Legal Debt Margin 1 85,870,000
z
fl
(I
• 132.
l
Comptananii AmuM FIMtiolsf Report
s r
CITY OF DENTON, TEXAS
Teblle 9
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
SEPTEMBER 30, 1995
Percentage Amount
Net Debt Applicable to the Applicable to
Jurisdiction Outstanding City of Denton 111 City of Denton
City of Denton 1133,736,731 100.0% 133,736,731
I
Denton Independent School District 55,032,162 84.0 45,227,033
Denton County 36,760,924 21.4 7,866,838
Total 187,830,502
I ill The 'Percentage Applicable to the City of Denton' Is based on the relative assessed values within the City of
II Denton,
1.
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•133•
Cwwohalsha Armal Fln"al Italian
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CITY OF DENTON, TEXAS I E
Table 10
l l
RATIO GF ANNUAL DEBT SERVICE EXPENDITURES FOR J
GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES 111 t
LAST TEN FISCAL YEAAS
~i
Rolla of Debt
6ervlco
Fiscal Intuetand Total Eapanditura
Year principal Flecal eherlee Total Debt Service EKpendlturee 106rc40t)
1166 1 136,438 6 21,706 1 167,46121 620,661,011 0.76% fi
1667 160,000 2,607,023 216631922 26,176,416 14.66 li
1169 2,140,713 2,024,010 4,164,763 27,747,267 16.01
1069 3,314,167 2,114,464 6,606,631 32,669,113 16.16
1390 2,263,092 2,223,360 4,660,442 32,060,610 14.03
1111 2,714,068 2,106,106 4,616,173 32,166,406 14.63
1162 21661,167 1,640,102 4,416,261 34,309,123 12.67
1903 2,646,066 1,603,161 4,609,116 34,602,969 12.96
1904 3,061,666 1,714,720 4,612,216 36,961,218 13,37
1916 310361166 1,401,032 4,600,189 36,702,222 M1112
I
Itl Incbdee Commit, Speclal Revenue and Debt Service
121 Debt 6ervka variance due to 1116 refundlnq of debt
I~
O
II
1 Yt
•134•
I CITY OF DENTON, TEXAS
I
•130•
i Cemwebmilwo Annul FhoWsl Rspor1
CITY OF DENTON. TEXAS
i
jj
REVENUE BOND DEBT SERVICE CO /ERAGE
LAST TEN FISCAL YEARS
it
it
Net Revenue
Fiscal Operating Direct Operating Available for Debt i
Year Revenue _ Expenses 111 Service
Utility System 1986 173,507,976 $68,A11,014 114,698,984
1967 73,120,971 59,629,407 13,291,664
1988 73,383,558 61,203,168 12,180,398
1989 77,385,137 60,247,323 17,117,614
1990 78,124,699 68,659,180 21,665,439
1891 60,469,479 68J31,232 23,738,247 ii
1992 62,214,582 60,613,282 21,601,300
1993 86,306,207 63,733,647 21,571,360 ~J 1
1994 92,836,414 64,668,746 28,176,666
1995 92,501,489 72,133,031 20,368,436
111 Excluding Depreciation i)
l~
138-
Comprdunslve Annual firw elal Report
r;
fir
S
CITY OF DENTON, TEXAS
i
i
Table 11
i
Debt Service Requirements
Principal Interest _ Total Coverage _
12,045,000 $3,880,181 $5,925,181 2,48
2,020,000 3,482,639 6,482,539 2.42
2,115,000 3,338,428 5,453,428 2.23
I' 2,250,000 3,388,817 5,639,817 3.04
2,430,000 4,274,233 8,704,233 3.22
2,900.000 4,545,058
7,445,956 3,19 i
3,609,000 4,250,139 7,755,138 2.79
3,539,000 4,305,073 7,640,073 2.75
4,015,000 3,577,89E 71692,695 3 71
4,295,000 3,249,141 7,644,141 2,70
l
1
i I
•
• ~ t~ •
I
•137•
Comga&+utva Annual Flnandd lleport
-CITY OF DENTON, TEXAS_ ,
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS rr
ll
Commercial Construction I I I Fiscal Property Value Nur 1Der
Year Sn thousands! of Units Value 11!
_ t
1986 41,443,543 460 441,452,104
1987 1,820,464 227 45,519,495
1988 2,050,295 113 21,927,481
1989 2,138,381 160 31,376,613
1990 ,139,002 134 6,427,910
1991 2,036,503 70 61749,572
1992 1,951,304 162 40,336,281
1993 1,891,722 211 30,820,984 i]
1994 1,876,109 189 30,316,351 u
1895 1,971,960 133 11,837,779 {T
411 City of Denton Planning and Development Department Estimate
421 City of Denton Chamber of Commerce Estimate n8r7'
131 Bank deposits for Oink One of Texas not available at time of publication it
1
.
.13e~ sf,
Comprshanilva Annual FinarKtal Rapa1 -
4
,o
. r
o,
CITY OF DENTON, TEXAS
Table 12
Residential Construction III
Bank 121
Number Deposits
of Units Value _ On thousands? _
673 454,97da28 1561'619
457 33,417,130 457,504
304 24,677,039 584,178
258 21,241,087 565,0129
316 20,249,571 7t4,892
167 12,414,459 565,530
189 22,197,221 6671882
311 26,266,720 671,621
398 33,795,717 619,211131
492 36,330,617 7281100
e
~ ~ o >a
f
,130,
Conwehenswe Annwl Fktanolel Raport
i
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j
CITY OF DENTON, TEXAS__
i'
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PAZ-'
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II
Il
U
II
II
II
II
Il
II
• 140
Comp ohonNvo Armsf Flmm" Meat I I
•
i
4 CITY OF DEW, ON, TEXAS
I
Table 13
PRINCIPAL TAXPAYERS
I SEPTEMBER 30, 1995
I Percentage of
+ Total Taxable
1 Taxable Assessed Assessed
yi Name of Taxpayer Kind of Property Valuation ' Valuation
Peterbilt Motors Diesel Trucks 1 47,008,614 2.384%
General Telephone Telephone Utility 38,723,781 1.964%
NotamiAitemark MC Dev.l Hospital and 31,798,471 1.611%
Epic Prop./Denton Regional Professional Building
Medical Center
Tatra Pak Packaging 28,441,874 1.441%
Manufacturing
I Texas Instruments Electronic 18,592,469 0.943%
Manufacturing
Golden Triangle Mall Shopping Mall 17,932,180 0.909%
Andrew Corporation Electronic Equipment 14,99,330 0.760%
Safety Keen Carp, Recycled Industrial 12,998,651 0.659%
Solvents
Acme Brick Brick Manufacturing 12,256,880 0.622%
I A!bertsons, Inc, Grocery Stores and 11,698,288 0.603%
Warehouse
$234,641,778 11.898%
•
r
I
Source: Denton Central Appraisal District Reported Property Value, 1994
141
f I Conrprshaeafve Annual Financial Repart
1
r
ti
aca.
CITY OF DENTON, TEXAS 4
fl
SCHEDULE OF INSURANCE IN FORCE
SEPTEMBER 30, 1995
The City of Denton is largely self-insued. This includes but is not limited to the first $50,000 of each ,
property loss and $10,000 of each vehicle loss. However, liability policies are purchased for airport,
paramedic/EMT, recreation program and employee dishonesty exposures. Exposures that are not retained
by the City are covered by various Insurance companies including:
Expiration II
Insurance Company Prerriurn Policy No. Date
1. Arkwright $174,250 10101198 I~
2, National Union Fire Insurance 6,000 AP3229370.01 10101198
Company Ii
11
3. Western World nsufence Company 6,300 NGLOO888 01131196
4. Western Heritage Insurance Company 1,154 CLP•0164142 08123/98 I
5. Western Heritage Insurance Company 1,610 CLP•0164141.1 09107196 II
6. National Union Fire Insurance 32,240 POL•445.42.72 07117196
Company
i
Il
0
II ,
4 ~I
Cmrprehensivs Annual Flnandd Naport II
t'
111116 W, I I
c
•
CITY Of DENTON, TEXAS
i
Table 14
i
I
I
Amount of
Coverage Limit
Ah Risk Coverage $200,000,000
(including boilerlmachinery, commercial crime)
Airport and Hanger Keepers Liability 510001000
Ambuiance•Professional liability 5001000
Recreation After School Action Program • MLK 1,000,000
Recreation After School Action Program • Cenie 1,009,000
Public Officials Liability 7,000,000
I
• L ~ • 0
1
.143.
CmnprehonsNa A&%W FNenelel Rspert
i
I '
f "
Z tn
CITY OF DENTON, TEXAS _ I
i~
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
it
Per Capita
Fiscal Year Population 111 Income 111 Average Ape
1988 64,480 9,746 27.4
1987 65,191 9,750 27.5
1988 65,623 9,750 27.5
1989 68,011 9,750 28.2
1990 68,270 • 9,750 30.7 •
1991 66,470 9,760 30.7
1997 88,900 9,760 30.7
1993 67,422 9,760 30.7
1994 88,650 8,750 301 1995 69,650 12,013 30.7
(t) Flaming and Community Development Deportment's Estimate
(2) Denton Independent School District Estimate f}
(3) Texas Employment Commission Estimate l f
1990 Census II
i
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I I)
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R II
144
Cornpohonshr• Annual Flnendel Rsporl
i
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all I I RID,
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CITY OF DENTON, TEXAS
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I Table 16
Education Level in Public School Unemployment
School Years 111 Enrollment 121 Rate 131
15.8 9,919 8.2
15.8 9,899 8.4
15.8 10,190 6.2
15.8 10,275 7.5
I ; 15.9 10,696 6.4
15.9 10,960 7.6 i
l 15.8 11,233 7.7
15.8 11,650 6.2
l 15.8 11,600 6.0
l 15.8 12,100 4.9
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Cemprahnslva Annual Financial RsW n
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CITY OF DENTON. TEXAS ~I}
Tabu 18
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30, 1996
Form of Government Council-Manager
Area 64.06 square miles
Date of Incorporation September 26, 1668
Miles of Streets 255
Number of Street Lights 6,160 111111
Fire Protection: [
Number of stations 6
Number of firemen and officers
{exclusive of volunteer firemenl 91
Police Protection:
Number of stations 1
Number of policemen and officers 107
Municipal Electric Department:
Number of customers 31,090
Annual electric production 891,999,646 KNM
Average monthly consumption 72,020,999 KWH
Mites of electric line 506.5 mles
Municipal Water Department: as
Number of customers 15,450
AnnusT water production 4,352,945,000 gallons
Average monthly consumption 361,249,354 gallons
Miles of water main 311.3 miles
Municipal Wastewater Department:
Number of customers 16,470
Miles of sanitary sewer 344.3 miles
A inual wastewater discharge 4,014,000,000 gallonslyear ~
Building Permits issued 626
Recreation and Culture: I
• Number of parks 17 with 794 sores
Number of libraries 1
Items in circulation 131,871 i
Employces N6 Funds);
Exempt 186
Nonexempt 2.09 I I V
Total 886
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Comprehensive Annual Finandal lrport - r
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400k"00 Its",
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