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Home My WebLink About1966-1967 r M+. Clr~~ lr ~ i lA-41NIi 1V I lJ /~00 00()0 O O O c~ o° -1b D z s C:3 o 0 r ° 0 O J 7 Oc 0 00 0()000 ° 0000 tee/ v 6 000000 f Animal Fhianc;al Report 1966- 67~ ~.4 I THE MUNICIPAI. FINANCE OFFICERS ASSOCIATION OF TIIE UNITED STATES AND CANADA Certitie.4 that THE ANNUAL FINANCIAL REPORT OF 'The City OF Tenton, `Tzxas Fol- i;lte Rsca.t ~~ear Cltc ea September 30,1965 CONFORMS TO THE PRINCIPLES AND STANDARDS OF PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE Iunicipai 'finance ®tiicerg Aggociatior AND THE _f3ational Committee on 6obernmental Suounting Prmnted FabruAvy 1S, 1966• CAdrn,a. Coinw4,n .a A«aen'n~ j n7 I r / Ask Lucw[w Df~.ew I~ 14 I JI t~ II~ F~ N'CtiM N M CITY Or DFtiTu;+, 'IE?:AS w 1'ablc of Contuit., Ni 111 Accountants' H~,pcrt ART I Exhibit A Conden:ad Balenco Sheuts - A.11 Funds, Septe¢:bk;r 30, 1:167 Condensed Stet.°.i,nts of Revenues and Expenditure - All A-1 Fund-, year cndcd September 30, 1.967 General Fu_d B Balance Sheet, September '0, h:67 Statement of hevcnue, and Expenditures 3nd Encumbrances 0 (and Comparison with Budget), Year ended September 30, 1967 Statement of Fund Balances, v.ear ended September 30, 1967 D Debt Service Fund k w, Balance Sheet, September 30, 1967 E i Statement of Revenues an,i ExpenJitures and Fund Balance, Fi Year ended September 30, 1967 t Bond Funds ; f F~ ComMned Balance Sheet, September 30, 1987 G J j Combined Statement of Fund Balances, Year ended H September 30, 1967 Combined Statement of Ca,LL Rcceipt_ and Dl bur.ements, I w Year ended September 30, 1967 Motor Pool Fund Balance Sheec, September 30, 1967 Statement of Earnings, Year ended September 301 1967 K Statements of' Investrr-its by Other Funis and Retained t Earnings, Year ended September 30, 1%7 j rYN':y w C1;Y OF DATM, TEXAS Table of Contents, Gonti'nll~>i pAKr I, CONTINUED Exhibit Working; Capital Fund Balance Sket, September 300 1967 M Stat-rwnt of Earnings, Year WA September 30, 1167 N Statement of Investments by OtUr Funds, YORI CAW Srptomber 30, 1967 0 Trust, Agency and Mkcellaneous. Fund: Combined Falanc_ Sheets, September 300 1967 p w Combined Statement of Fund Balances, Year ended September 30, 1967 Q i Electric SXstem Fund .w j Balance Sheet, September 30, 1967 R Statement of Earnings (and Comparison with Budget), Year ended September 30, 1967 S Statement of Rotsined Earnings, Year ended September 30, 1967 1' Water and Se er System Fund Balance Sheet, September 30, 1967 U Statement of Earnings (and Comparison with Budget), Year ended SepOrKer 30, 1967 P J Statement of Retained EarninEs, Year MA September 30, 1967 W { Statement of General Fixed Assets, September 30, 1967 g Statement of General Bonded Debt and Interest, September 30, 1967 Y Notes to Financial Statements i . 1 r.cpi:y n~ u CITY OF Q TTQN, TEXAS Table of Cortent:, Continued w NAM II a Schedule General Fund Schedule oC Other Revenu.:s (ar,d COmParisoii with Budget), 1'rar arded September 30, 1967 2 Schedule 0' Expenditures t,nd Encumbrance: (and Comparison with Budget), Year ended September 30, 1907 Electric Sy;;tem Fund 2 Schedule )f Expenditurqs (and Comparison with Budget), Year urge:! September 30, 1967 3 Schedule of Long-term NO - Electric Revenue Bonds. September 30, 1967 9 Schedule of Bond and Interest Requirements, September 30, 1967 5 M~ Water and Sewer System Fund f Schedule of Expenktures (and Comparison with Budget), f Year ended September 30, 1967 Fj 6 i II Schedule of Long-term Debt - ',Dater and Sower Reverue Bonds, September 30, 1967 I 3 a~ 7 Schedule of Bond and Interest Requirements, September 30, 1967 f ~ 8 General Fixed Assets j Schedule of Changes in General Fixed Assets - by Sources, Year ended September 30, 1967 .w 9 Schedule of Changes in General Fixed Assets - by Functions and Activities, Year ended September 30, 1967 10 Schedule of General Fixed Assets - by Functions and Activities, September 30, 1967 11 J Schedal of General Bonds Payable, September 30, 1967 12 I i h wIL! 1 Qmtiwti~ 4 CITY OF IJENTON, TEXAS Table of Contents, Continued PART II, CONTINUED Schedule Schedule of General Bond and Inhere=_t Requlrembnts, September 30, 1967 13 Schedule of Inve:,tn;ents, September 30, 1967 14 SchQJule of Insursnce in Force, Ltptember 30, 1367 15 - Supplemontal Information, Year ended September 30, 1967 16 PART III Table Assessed Valw and Estimated True Value of All Taxable Property, Ten years ended September 30, 1967 I r. Tax Rates and Tax Levies, Ten years ended September 30, 1967 II Tax Levies and Tax Collections, Ten years ended September 30, 1967 III Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita, Ten years ended September 30, 1367 IV Statement of Debt Margin, September 30, 1967 V 1 Statement of Direct and Overlapping Debt, September 30, 1.967 V1 - i Miscellaneous Statisti^al Data, September 30, 1967 VII f i }f1 J rsa+ x. r PEAT, MMOVICK, M11'CHELL K GO, CEUTIFI$D FCn LIC ACCOUNTANTS I 811 N. F.HV'AY 111riLD1NO D_%1.LAti, F,),,.AS T6C:Ot ' 1 the City Council City of Denton, Texas: W. hove examined the financial statements of th9 several funds of the City of Denton, Texas as listed in Fart I of the accompanying table of contents. Our examination was lade in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered I necessary in the circumstances, except as stated in the following para- graph. i We dial not observe the physical inventory of the Working Capital li Furd at September 30, 1966, and we have not been able to satisfy ourselves concerning beginning inventory quantities by other procedures. The amount of the beginning inventory has a significant effel. on the results of II operations of the Working Capital.:und for the yaar. Therefore, we do not express art opinion on the accompanying statement of earnings of the Working Capital Fund for the year ended September 30, 1967. The '.utility plant in service of the Electric System Fund is recorded at the appraised value of reconstruction cost new, less depreci- ation, as described more fully in note 5 to the financial statements. The i1 recording of appraised values of fixed assets is not in accordance with enerally accepted accounting ¢rinciples, Accordingly, in our opinion, the 4,951,497.95 unrealized increment in valuation of utility plant in service f is should be deducted from the $21,015,243.00 utility plant in service in the accompanying Electric System Fund balance sheet and in the condensed balance sheeta - all funds. iJ 14 ,t ~J 4.t l t a 1 sY+i (k k!.Y1V~ .r R M. M.8 CC. C Mr In our opinion, except for the statemn nt of earnings of the w Working C'spital Fund NO the need to deduct the unrealized Inerena nt from the appraised value of utility plant in service in the accompany- ing balance sheets described In the preceding paragraphs, such financial A statements present fairly the firLuncial pcsition of the several funds of the City of Denton, Texas at Septcmber 30, 1967 and the results of their operations for the year then ended, in conformity with generally accepted accounting principles. These accounting principles have been applied on is a basis consistent with that of the preceding year, except for the changes (of which w_ approve) in accounting for: Pill Unbilled revenue: (note 3), allowance for tmeollectible accounts (note 1), investment in the Motor Pool Fund (note 4), and depreciation (note 5) in the Electric System Fund; Jnbilled rer?nues (note 0), investrent in the Motor Pool Fund (note 4), contributions by miLnicipality and Federal. W Government (note 6), and long-term water rights (note 9) R in the Plater end Sewer System Fund; and Investments by other funds (note 4), and appraised value of equipment at inception date, June 1, 1957 (note 14) in E~ the Motor Pool Fund. The current years supplementary data included in Schedules 1 !f through 16 have been subjected to the same auditing procedures and) in our { opinion, are stated fairly in all aterial respects when considered in p~ conjunction with the basic financial statements taken as a whole, I! During the course of our examination, we obtained no knowledge of any violation of the accounting restrictions imposed by the varlrzs F1 revenue bond indentures except as explained in note it to the financial statements. However, it should he un0o rstood that our examination was not primarily directed toward obtaining such knowledge, December 29, 1967 i , N{ .j ) k -A y IF[ _ x i t r ! GlIf OF i% NION, TEXAS Condensed calonee. Sheets - All Funds Septemba 30, 1t'67 Debt Assets Grnernl Fond Service Cash 17,210.78 6,00.59 30,832.61 Investments - Q cost (Schedule 14) 220,000.`h - 392,500.00 Receivables: Assessments - - 203,868.97 Taxes 166,700.72 - _ Less ellowunee for uncollected taxes and assessments W6,700.72) - (203,868.97) Utilities - net Other- net 188,137.76 Due from other funds 27,602.39 - 20t771.58 Prepaid expenses 7,991.67 Inventories - at average cost _ Restricted asset accounts _ Bonds authorized and unissued - - lp26,500.00 Property, plant and equipment (note 5) i Less allowances for depreciation Investment in Motor Pool Fund Investment in Working Capital Fund 406,71 - Amounts available and to be provided for payment of bond principal and interest - EL90~59 11840604_19 j Liabilities and Fund BaIane Accounts payable $ 16,65211 j Aecroed expenses 11,576.66 Accrued interest on bonds _ I Construction contracts and retained percentage payable - - 3570351.43 Customers' deposits _ Bonded debt and other long-term liabilities _ Interest payable in future years - { Due to other funds 108,782.39 7,943.99 2,329.88 Due to restricted asset accounts Reserve3 for encumbrances= 10,014.91 - 252,876.87 Reserves - Bond and Interest Funds _ Unrealized increment in valuation cf utility plant in service Fund balances (deficit): Investments by General and othrr funds _ - _ Investment in general fixed assets - - _ Contributions by municip•lity and Federal government _ - - Appraises value of equipment at inception _ - _ Retained earnings _ - Appropriated 50770.68 - 11428,046.01 Unappropriated 308165106 (1103.40) - 461 448,31 6 190,59 1L 840,604.19 See accompanying notes to financial statements. Exhibit A F U D SS_ - - Trust, h t„r G- r,ernl General Agency slid ar,i Sever Fixed Bonded Debt Motor Working Miscel- E;l:etric Assets And Interest S ste.~ Fool C i~tal ]anaous a2tP' - - .5G4„r2 _ 145,054.82 5,066.77 2,33" CIS 7,347.29 L7 110,~ °53.77 320,000.00 570,000.00 120,000.00 _ _ p90,991,70 _ 31731.68 14,816.07 4,252.91 - - _ 633.55 266,342.03 163,867314.16 12 .46 2.,0.00 ,578.04 1 366,686.87 10732,835.29 1,108,323.39 _ _ 2'7,301,448,00 2, 220,3b6.53 5,487,120.72 Y t'i61.439.0b _ (6,268,155.00)(4,372,M9.34) (4.'+3,297.85} - 6),118.12 72,?42.74 - _ _ _ 21.,167.13 ]8,135.73 _ 4,964,275.98 `r ■ 728 796.02 372 20x5 X64 1 ]~zE58 R5 24t4b~,488.67 6,8741544.52 5,487,120.72 4,964~~,~27a 660154.04 258,044,63 8,704.81 = - 4,316.74 21219.24 _ _ 19^u,02o.49 2'/,981.5 19,638.228 = 18C),665.78 _ 3,807,500.00 130572,000.00 3,2),365.74 - 1,156,775.98 2660342.03 4,075.0` 86,553.95 3,17'3.38 - _ 10,146.00 3,184.15 r _ 1,049,143.21 249,747.37 - - 4,851,497.95 = r - 221,418.29 39,709.37 5,487,120,72 _ 2,043,766,13 _ 220,101.78 = 4,2360075.01 786,761.67 287,275.5 - _ 113 583.76 g 2 5 467 120,72 4,964,275.98 4 .s8z~ ?28~79~02 3r2 205T4 117 s65~.85 24 ~0 488.67 6 874 ~ ~~~t~ p n i raa^pc5d - V 4 CITY" OF DiN'r0:r, TEXAS Condensed Statements of hever:,,ies ;ind Erpeniiturt s - All Funds Year ended Septrniber %0, Debt G, ueral Service Revenues; General property taxes and special ass?ssments 553,297.95 236,822,00 Penalties and interest 1,1,141 90 _ Utility sales Sewer service charges Garbage cervices 232,993,28 _ Franchise taxes 34,366.67 - Licenses and permits 19,198.89 _ Parking meter receipts 277353.32 - Fines and fees 12011.78.18 - Sale of land and property 1970477.89 - Interest on investments 12,525.00 1,020.00 Charges to other funds _ - Water and sewer tapping fees _ _ Miscellaneous 41,659.71 - Extraordinary iters - _ Pension contributions t Encumbrances carried over from prior year _ Y Bonds authorized 1,252,802.81 297,842.00 ` Expenditures: k Salaries and wages 988,684.94 - Supplies 87,158.16 - i Maintenance 143,464.33 _ Equipment rental 134,942.18 Other services 1840691.76 - Capital outlay 4980597.96 Insurance 12,808 36 - Provision for uncollectible accounts 11632.85 - Debt service - 296,962.2.3 Depreciation _ - Cost of goods sold to other funda _ - Equipment purchases - - Pension expenditures - - Fuel and power for production _ - Encumbrances - Bond Funds - _ Contribution to Motor Pool Fund 2.792.80 Total expenditures and encumbrances 2,054,773.34 296,962.23 Excess (deficiency) revenues over expenditures (BC1,970.83) _ 879.77 Transfers from (to) other funds 769 085.30 - 879.77 See accompanying notes to financial statements. T "r c. Exhibit A-1 _ F u N 0 3 TS~et, Motor Working Agency an] Elcctric Water and Bond Fool Capital MiscallaneocS systc: Sewer System 70,708.26 Y - - _ - - - - 3,OS0,143.85 762,17,25 763,078.78 33,710,58 40125.00 - 3,6172.51 84,229.83 61-492.29 180,036.00 b43to5L.41 - 18,921,24 17,153.25 = _ = 32,649.73 271,00 36,399.65 319413.08 16,886.25 - - 408,644,39 17.5,000.00 - 655,214.48 203,117,83 543,E56.41 20,558.76 3,203,423.06 1,137,351.64 i - - 57,471.92 - 364,011.57 187,096,31 j - - 2,227.00 - 290262.99 491845.81 C - - 20652,67 _ 660420.94 67,456.52 = 2,394,00 = 300346.33 22,028.97 _ 10,453.60 116,227.17 54,77f.91 1,033,276.43 ti - - - - 29,604.22 41074,66 - - - - 19,578.31 140788,94 - 472,293.28 1390246.07 - 144,785.80 - - x460467.61 4439093.17 11 - 327,423.37 - _ - 1,751,74 - 7,061.81 - - 558,579.61 50,120.78 2520876.87 i ~.j 1,286,153.30 144,786.80 474,374.30 7,061.81 21332,790.03 1,032,530.14 (630,938.62) 58,331.03 69,282.11 13,C96~95 870,633,03 104,821.50 j 139 337.78) - - -03,(90.02) ` 125 $49..50) 770,270.60) 58,331.03 69,282.11 13,4 95 _366,835.01 21 128.J0) I 101 i~ Rhibit P. CITY OF LENTON, TEXAS General Fund Balance Sheet September 30, 1967 Assets Cash $ 17,279.78 Certificates and time deposits (Schedule 14) 2200000.00 Accounts receivable $ 203,569.15 Less allowance for urcollectible accounts 75,33 1.39 1880237.76 Taxes receivable 166,796.72 , Less allowance for uncollected taxes 166 ~796.72 - Due from other funds 27,592.39 Prepaid insurance 7,991.67 Investment in Working Capital Fund 406,71 ! 461,448.31 Liabilities. Reserves and Fund Balances , Aocounts payable $ 161652.11 Accrued expenses 11 576.66 Due to other funds. 108,762.39 Reserve for encumbrances 109014.91 Fund balances (Exhibit D); Appropriated $ 5,770.68 Unappropriated 308,651.56 314,422.24 ~y $ 461,448.31 ry See accompanying notes to financial statements, Exhibit C na CII"i OF Dzdu'PO'.J, TEAS Gern.,ral Fund S'.ater,enL of Fsvemaes and Expenditures rind Ercw•,branees (an(' Comparison with Budget) Fr Year ender Sept-ib,.r 3), 1967 Actual over (under) ?ud,et Actual budget rxt Revenues: Ad valorem taxes $ 539,519.00 553,297.95 130779.95 Fenalties encl Literest on ad valores, taxes _ 9,000.00 13,145,92 40145.92 548,518.00 566,443.87 17,925.87 Other revenues (Schedule 1): Garbage services 230,000.00 232,999.24 2,9:;1,28 Franchise taxes 34,0,0.00 34,966,67 966.67 Licenses and per:::its 20,850.00 19,138.89 (19651.1,1) Parking r.eter receipts 25,000.00 27,353.32 21353.32 Fines and fees 1060700.00 120,178.16 13,478.18 Fi Other 44,000.00 41,659.71 (2,340.29) Interest on investments 17,500.00 12,525.00 (40975.00) Sale of land and property 197,477.89 197,477.89 478,050_00 686,358.94 208,306.94 11026,568.00 11252, 802, 81 2261234.81 i1 EKpenditaras and encumbrances (Schedule 2): 1 Salaries and wages 934,681.50 998,684.94 (50996.56) Supplies 87,777.00 87,156.26 (618,84) Maintenance 160,940,00 143,464.33 (17,475.67) Equipment rental 136,794,00 134,942.18 (1,851,82) Other services 164,387.50 134,691.76 304.26 Capital outlay 61,958.00 51,067.14 (101890.88) Insurance 11,688.00 12,808.36 11120,36 Provision for uncollectible accounts 10632.85 10632.85 Contributions to Motor Pool Fund - 2,792,80 21792,80 Special projects - capital outlay - _ 4470530.62 447,530.82 Contingencies 22,000.00 (U,000.00) 11660,226.00 21054,773,34 394,547.34 Excess expenditures and encumbrances over revenues 6332658.00 801,9.0.53 168,312.53 Transfers from: Electric System Fund (note 10) 5030798.02 503,798.02 = I Water and Sewer System Fund (note 10) 1250949.50 1250949.50 Community Building Bond Fund - 84,237.78 84,237.78 j Street Improvement Bond Fund 55,100.00 55,100.00 6291747.52 763,085.30 139,337.78 Deduction from unappropriated fund balances ~J LO 1818 B85...23 28,974,75 S,e accompanying notes to financial statements. n .t7 y. i Exhibit D CITY OF DENTON, ME AS ,10 General Fund If State^,ent of Fund Balrinac-, 1, car endA Seabe;mber 30, 1967 Unaoorooriated Balance, September 30, 1966 330,417.56 Add unbilled revenues at September 30, 1966 (note 3) 11L119.a Balance, September 30, 1969 as adJusted 341,536.79 Deduction from unappropriated fund balance for the W4 year (Exhibit C) 32.885.23 Balance, September 309 1967 $ 308 651 ,56 41 &propriated y Reserve for Reserve for t, park improvements airport na d r,aintenanre in:orov_ements Tour ] #1 4 Balance, September 30, 1966 $ 39415.14 1,752.02 50167.16 Adds Rental income 9,265.60 10545.11. 10,810.71 Contributions from individual estates 20917.64 2,917.64 _J 15,598.38 30297.13 189895.51 Deduct expenditures for improvements and maintenance 11,156.14 1,968.69 131124.83 Bslanee, September 30, 1967 $ 4,442.24 11328.44 51770.68 t~ See accompanying notes to financial statements. M 1~ Exhibit. E CM OF MTV, TEXAS Debt Service FuNd Balance Sheet September 30, 1967 i r Wets _ Cash ffi 6,190.59 Liabilities and Fund Balance Due to other funds $ 7,843.99 I Fund baltnee (deficit) (Exhibit F) {1,753.40) 6,190.59 1 See accompanying notes to financial statements. 4y LX in 11) t F CITY OF DENTON, TEXAS Debt Service Fund Statement of Revenues and Expenditures and Fund B,elance year ended SeLLember 30, 1967 Revenues; General property taxes 21.'6,822.00 Interest on investments 11020,00 297,842.00 Expenditures: Bond payments 153,000.00 Interest payments 143,641,77 Agents' fees 320.46 236,962.23 Excess revenues over expenditures 879.77 Fund balance (deficit). September 30, 1966 2 633,17) Fund balance (deflolt),September 30, 1967 1 753 40) rf p ~f 1 I ~ n~ ~J r~ i~ f~ rv1 s~ 9 f ) See accompanying notes to financial statements. ~ l~ e+c w CITY o )g%TOfJ, TrIX ; B&A Fun.i Combined Balance sheet Septembr 30, 1967 Assets Street Cash (Exhibit I) Total Ia aunt :'0, 8,92,61 25, 307 75 Oertificate; and time deposits (Schedule, 14) 392,500.00 20,000,00 Assessments receivable Less allowanc. 203,868,97 203,668.97 _ for uncollected assessments Due from othe (2030868.97) (203,968,97) i r funds l 20,771,58 131991,70 l Bonds authorized and unissued 1,396 100.00 1,385,000 Op I $ 18901604,19 1,948 749 45 Liabilities, Reserves and Fund Balances Construction contracts and retained percentage payable Due to other funds 157,351,43 99,006,63 2,323,88 Reserve for encumbrances 4 I Fund balances (Exhibit H) 252'$76'87 43,494,78 I 11428,046.01 1,3604 1 0 60r 4.19 1,448,749 45 See accompanying notes to financial statements, p3 ~ r XMH.y l f CITY OF DE'iTuld, 'TcXhs Bond Funds CombineK3 Statement of Furrl Ealririces year ended September 30, 1267 Street Total improvement 2,198,322.61 1,712,698.54 Fund balances, September 30, 1966 r Additions; 125,000.00 - Bonds authorised 70,706,16 70,706.26 Collections on special assessments 333710.58 10,325.00 Interest on investments 408,644.39 640100.19 Encumbrances carried over from prior year 17.153.25 2,153.25 Other _ 655,214.48 r 167,284.70 i Deductions: 252,876.87 43,444.78 Transfer to reserve for encumbrances 10033,276.43 425,140.42 Expenditures for property and equipment ng 337 78 55.100.00 Payment of advances by Gtneral Fund 1,4 lo 25,491.78 5230685.20 1 428 046.01 356 298,04 1987 Fund balances, September 30, r , - See accompanying notes to financial statements. i , 1 I ; I ITi AY' Exhibit G FUN D3 Fire ?ark and Swinmir.g Library Community Municipal Station Airport Recreation Fool Building; Lildin7, Building 503.54 14.143 215.47 - - 41791.69 I11 • 1 11,500.00 - 7,000.00 - E4,000.00 - 2500000.00 - 2,329.68 11,500.00 - 12,003.54 11,514.16 27,215.47 84,000,00 - 257,121.57 I I 60000.00 - 7,098.50 - 950246.30 - - 21,215.47 - 74,5?i.62 - 113,645.00 12,003.54 110514.16 48.230.27 12,003.54 11,514.16 271215.47 - 6420GJ~00 - 257,121.57 i , 1 y , l~ v. ~A. Exhibit H F U N D S Gommunit Municipal fire Park an9 Swirur.ing Library Y Buildin Buildin Station Airport Recreation Pool Buildin 5 'j08 31 355,011.27 11.773.54 7,771.02 5 5_ Oy6.72 253.21 10 125,000.00 - - _ 708.75 - 3,760.00 21500.00 130900.00 230.00 21266.63 - 324,544.20 - 15.000.00 3 760.00 327,044.20 13,900.00 230.00 127,286.83 15,708.75 - 74,571.62 113,645,00 - 21,215.47 2`3,21 34,496.69 242,806.42 2070036.00 123,543.69 - 64,237.78 _ 123,543.69 21,215.47 253.:1 109,068.31 327,044.20 348.630.24 I 12,003_x4 I1.51s - - i r i a i i r, CITY OF L:;'lllil, Tc.RA,-o Boni Funds Combined Statement of Cash Receipts end Disbursements Year enied Se2tcmber 30, 19C' h Street Total Improyemer,t Cash balance, September 30, 1966 $ 151,715.50 31,852.01 1 Receipts: Collections on special assessments 70,706.26 70,706.26 Redemption of certificates and time deposits 6300000.00 360,000.00 Interest on investments 33,710.58 10,325,00 Other 2,153,25 2,153.25 736,570.09 443,184.51 Disbursements: W Capital outlays 700,615.20 394,628,77 Payment of advances by Ger_eral Fund 139,337.78 45,100.00 Purchase of certificates and time deposits 11 500.00 8471452.88 449,728.77 Cash balance, September 30, 1967 301832_61 25,30 7 7 5 C Stae accompanying notes to financial statements. s f A ..ft T t2 ! ,-wale Exhibit I FUNDS Fire Park and wimming Library Community Municipal Station Airport Recreation Pool Building BuiIdinF, Building 11,773,64 7,771.02 2,505.72 253.21 1,308.31 91,239.42 5,011.27 - _ 20,000.00 1509000.00 100,000.00 230.00 2,286.83 708.75 - 31760.00 20500.00 13,900.00 230.00 2,286.83 _ 708.75 23,760.00 152,500.00 113,900.00 - 10,043.69 3,000.00 253.21 25,058.31 1590501.64 114,119,58 84,237.78 - 11,500.00 11,500.00 10,043.69 31000.00 253.21 25,068.31 2432739.42 1140119.58 _ 503.54 14.16 215.47 - _ 4t791.69 4 .w. i i r R A- i PrxT-p+1~ C Exhibit j I S`.otn Pool For ~ua]Fincr Sheet y Septc,rker 30, 1967 Assets ~ ].45,654.82 ,1 Cash Certificates and time deposits (Schedule 14) 1.201000.00 •r Equipment at appraised value at June 1, 1257 ;;01,43'.05 with subsequent additions at cost Iress allowance for depreciation 4°9 2:7.85 462,1.41.24 2280792 x Fund Balance „ Appraised value of equipment at inception date, 220,101178 June 1, 1957 (note 14) Investments by (Exhibit L): Other funds (note 4) 141,910.66 General Fund 79,507,43 221,478.24! Retained earnings (Exhibit L) (note 4) 287,275.95 , 728,796. U 0'4 1 1 I Ii i F~ See accompanying notes to finannial statements. ti ¢1 'r v+ 0 , r w..qqs L: 17 Exhibit K OF Motor Pool Fund Stntertrnt o1' Eyrning,s Ye r ?ndcd Salt©~riber 30, 7807 Equipment rental 180,036.00 i Gain on sale of equi,pMent 18,858.63 i Interest tneo,-e 4,125.00 203,117.83 Depreoiation 144,788.80 Net earnings $ 58,331,03 I 1 I 5v accompanying notes to financial statements. d, f. Y E,~zbit L CITY OF UE'iTOti, ']EXAS ;rotor 1-'001 Furn c.t~itan.cat> of Iiwestnrents 1~y Othe; r.ls rind Re.teired Eri^r,in s 3ngr end„,1 Se Lea;ber 30, Invest°..r sir Other F"05 Voter and General Electric Sesn,r Ftnd Svste-,, Fund System Fund Total investments by other furls in prior years (note 4) $ 76,714.63 51,119.12 39,958.74 167,792.49 + Invested in current year 2,702.80 172999.00 32,834.00 53,625,80 Investments by other funds, September 30, 1967 (note 4) $ 79,507 43 690118.12 72,792.71 221,418.29 Retained Earnings Balanc,a, September 301 1966 $ 616,839.19 ileducti Appraised value of equipment at inception date, Juna 1, 1957 (note 14) $ 2200101.78 Investments by other funds in prior years (note 4) 167,792,49 387,694,27 Balance, September 300 1966, as adjusted 2280944,92 Not earnings (Exhibit K) 58,331,03 Balance, September 30, 1967 $ 287,E 275,E See acoompanying notes to financial statements. , r' { F,xni _ri CITY of LENTOrJ, 'PEXAS Workinr Capital Ftin,i Ealr,nce Sheet septer:ber 309 19,17 As:aats Cash $ 1,068.77 Inventories, at averrege cost 366,886.87 Deposits cn containers 250.00 $ 372,205.64 "y Liabilities and Invest rnt by Otter Funds Accounts payable 66,154.04 M1 Advance from the Electric System Fund 266,342.03 Total liabilities 332,496.07 Investment by other funds (Exhibit 0) 39,709.57 $ 372,20Y~.64 J i See accompanying notes to financial statements. „ I Kix h Exhibit N CITY OF LEN'ICIN, TMAS 'Hording Car itel Funli I St;tomont of E,irning _ I { yern^ ended SeptE:-Ie , 30, 1:,57 I•ischine Central Total ldarehaaso, ehop G%rFJpe storeroom Sales $ 477,832.96 358,631.4? 5,091.64 9:,841.79 4,067,76 Less cost of sales 39'(,423.37 2:,3,046.74 31191.91 96,025.59 5,159.13 Gross profit (loss) on sales 800•109.31 75,784,75 1,899,73 3,816.20 (1,091.37) Income from services 65,823.73 - 200893,St) 441930.23 - 146,233,04 75,784.75 22,793,23 489746.43 (19091,37) Operating expenses; Salaries and wages 57,471.92 - 19,761.47 37,710.45 - Supplies 2,227.00 - 1,195.52 1,031,48 - Maintenance 7.,652.67 - 2,571..93 80.68 - Equipment rental 2,394.00 - 1,200.00 11194.00 - Equipment purchases 1,751.74 - .576.64 11175.10 - Miscellaneous 10,453.60 - 2,195.69 8,257.91 760050,93 271501,31 49,449.62 - Net earnings (loss) (note 13) $ 69,282_11 75 764.75 /4 708,06) 703.19 1 091.37) r, See accompanying notes to £innnoial statoment3. .I rr~. w Exhibit 0 CITY OF DENT0117, TEXAS WurM ng Ce.pitel Fund Stnter.rnt of Invest7%ents by Other ?urds Y'esr ended Septex,ter 30, 196'i Elect!•ie Water and General system Sewer Tot_nl Fund Fud System Fund Investments (deficiencies) by other, fun1s, September 30, 1966 $(291572.54)(1,462.67)(15,232.52) (13r277.35) 1 Net earnings (Exhibit N) (note 13) 69,282.11 11469.38 361399.65 31,413.08 J*t s'~uents by other Lunde, September 30, 1967 $ 39,709 57 406.71 21,167.13 ] 8135,73 ,I I i i I ~a i i See accompanying notes to financial statements. ~F Fxhlbit P f C11'Y OF DiINTUN, '!'ERAS IrtyAeencv aed M oel]Fir ao~s Ford:; Oom,bined Paience Stcet:? S;.pter,bnr 30, 1?il7 FU DS, 1rjth Fire-,en's As t_s Total Corpa Pension Payroll Cash $ 2,33?.d5 43.21 1,99e,44 300.00 Inve3ta,ent3 - at cost, which approximates 1 market (Schedule 14) 110,°53.77 - 110,953.77 - Due from other funds 633.55 - 633.55 - Amount receivable Prom Federal government 3,731.99 3_1731,89 - - ~ 117,658,85 3775.09 113,593.7r 300,00 Liabilities end Fund Balances ' Due to other funds 4,075.09 3,775.09 - 300.00 Fund balances (Exhibit G) 113,563.76 113,583.76 - $ 117,659.85 3,775.09 1130563.76 300.00 Sea acooppanying notes to financial statements. 1 .YN Y { ii 1 !iy■■ f•rpr., J. w Exhibit I CITY OF DENTON, TEAS - Tr st Agency Fnd !4iscellene2_j3 Fcnis Cr,rcbined Statement of Fund Ep.i es Year ended S.?pte:Tler 30, 1.6'7 F G`NDS Youth Firemen's iot~,1 Corns Pension, Yavroll 100,O85.R] - 100,066.81 Mlnnces, Septec.ter 30, 1966 Ad3ltions: 161686.k5 - 16,666.25 - Fension contributions 3,672.51 - 3,672.51 - Interest 20.558.76 - 2U,558.76 - 7,06!..81 - 7,061.81 - Less pension expenditures 496.95 Excess additions over exp6-xJitures 13,496.55 13, - $ 113 583.76 _ 1133,4 13,583.'76 6a lancos, September 30, 1967 - l w. k , ra ri ►1 1 1 N1 1 See accompanying notes to financial statements. a 1 4 6~t.R p CITY OF DJ TJNp electric ~y;,tcm Fund ril[[nc_ Sl;c•et Septembr_r 30, 19•x,, Ass~et:C,irt~„t as, et; Cssh $ 7,341.:9 Cettificatee, ani time depc its (Schedule 14) 3201000.00 Accrued interest receivable 149816.07 Prepaid insurance 12 578.04 Receiv^.bles (note 2): Accounts receivable 25U,6,94.64 Unbilled revenue (note 3) _ 7.5'417,29 Less ellowancE for uncollectihle 1,006,052,1.3 accounts (note 1) _ 151060.4 _ 9901991.70 Total current assets 10395,733.10 Advances to Working, Capital. Fund 2660342.03 Restricted asset accounts (note 7): Interest and Redemption Fund: Cash 41.70 Certificates and time deposits (Schedule 14) 7170100.00 Due from Electric System Fund 10700.00 Accrued interest receivable 3,947,96 722,789.66 Reserve Account: Cnsh EO J Certificates and time deposits (Schedule 14) 8'771000,00 11 Investments in U, S. Government Obligations (quoted market, $121,231,25) (Schedule 14) 1240599.13 Due from Electric System Fund 8,446.00 11 010045.63 i x-~-tea 1 Utility plant in service at appraised value (note 5): Land and land rights 229,611,00 Flectric plant production and distribution { facilities, less accumulated depreciation of 6,206,155.00 20'785782.00 21,015,293.00 Investment in Motor Pool Fund, at cost (note 4) G90118.12 Investment in Working Capital Fund, at net underlying book value 21,167.13 $ 24,46004488867 See accompanying notes to financial statements. a , .t. I Exhibit R w I M I w Liabilities, Reserves and Retained Earnings Current lisbilitiess Accounts payable 2580044,63 Accrued expenses 4,316.74 Dne to other funds 96,699.95 Customers, deposits 186,685,78 Revenue bonds due within one year 44,333.33 Total current liability-, 590,080.43 Current liabilities payable from restricted Rsset=s Revenue bonds due within one year i) 487,666.67 Accrued interest on revenue bond; 196,025.40 683,692.07 I - Long-term debt - Electric revenue bonds, .05,% 5-1/2%f psyable rerially in varying amounts to November 1, 1990 (notes 7 and 11) (Schedules 4 and 5) 13,572,000.00 j . Lees portion due within one years Payable from current assets 44,333.33 Payable from restricted assets _ 487.666.67 L32,000.00 13,0400000.00 Reserves (f,ote 7)1 Reserve for Interest and Bond Redemption 39,097.58 Reserve for Revenue Bond Retirement 1y010~ 045 63V 100490143.21 Unrealized increment in valuation of utility plant in service (note 5) 41851,497.95 I Retained earnings (Exhibit T) (notes 30 4 an6 7) 402360075.01 ~I1 Commitments and contingent liability (notes 6 and 12) 24 1450 0488.6 7 Q I P A 1 fl s:2( L Fxhitit S ,"IT,' OF DE:a'10:1, FXAS clcatr•1c 5_ ste° F,, r,1 - bt,tr.:r.t, o:' '~,rr.ir;ES (e r: Coy Iuir_r. wlt~ :1~•.,r.i r_Per c1 :iep t~ L 3~1 Actual over (under) ;9s>t ~ct~'-l t_ et Operatirg tncor;; Electricity x,31.;, t u,to~ , ,~.f1F 0O 2,i+d? ~CB.O (6? Int =rgov va.,ntn; 00,OC 67 t•,35.7,~ 2,4:.1. 90) Other ~ (864.25) 45,000.00 0 _ 3. ,39 135x677,62) 3,f'68,b02-00 32 059x4r6.23 223 033.77 Operating e>a~,ens±'s excluding depreolntion (Schedule 3); ar7nriea en3i wages 428,006.67 369,x011,57 (63,.' F el for elcetricit qa5.]0) S p''adcction 66]GJ,00 Suppl ins 559,579,61 (123,320.39) hln f ntr na rc e 51,191.33 29 262,99 (210928.34) 126,432.67 66,420.94 (60,01.3Insurance 3U 000.00 AdA nistratfcn services Hate, 10 a ' 24,604.22 (395.78) ( 24,343.74 254,343.74 Provision for uracllectihle neeoynts 19,576.31 19,576,31 Equipment rental Other services 35,161.33 30,346,33 (40835.00) _ 112,629.67 _ 116,227,17 550 1,7]9,665.41 ],4681372".88 (251,31253) Operating inco7;e before ' depreciation 2,268,814.52 1,591,093.35 (G77x721.24) Deprecfaticci (note 5) G469467.61 6460467,61 Operating ircoce 1,822,346.P8 944,625.74 (677,721,24) Other Income: Interest on inve3tments Other 70,000,00 64,223.83 14,M.83 - _ 23,327.35 23,,47.35 Other ded,:utfons - interest on bonds 1,692,346,28 1,052,182.92 (640 164,06 =31,455.00 4724293.28 9~161.72~ Net earnings before extraordinary item 1,210,8'91.98 579,689,64 (631,002.34) Extraordinary item (note 13) - 30,3'?9.65 36,339,65 Net earnings (note 7) 1,210x8''1.98 616,289.29 (594,602 69) Transfer to Genernl Fund (note 10) 249,454,28 19,454.28 Net earnings after transfer o $ ~ 61x437y70 366,835.01 (5)4,602,89) See accompanying notes to financial statercents. For „lip CITY OF Uc'+TG's, TEX4, 'deter and sewer S 7ttr' Fu'A 8ilar:c~. Sh"(t A:<et- Curr~at ass t;; 17,504.92 Certificates ©r,9 Li,« deposit. (cteJule 14) 700000.00 Aceiucd intere, t receivable 4,252.91 Prepaid insuznnc. 1,374.46 Du-,' from other fund` 163,867.16 Total current assets •7560999,47 Restricted assets; ConstCUCtion Bond Fund: Ca h 0 41,011.02 _ Time depo=its (Schedule 14) 750,000.00 Accrued inter~st receivnble _ 7,OS3.25 798,094,27 Intarest and Sinking; Fund (note 7); Cash 34.60 Time deposits (Schedule 14) 66,700.00 Accrued interest receivable 367.76 Due from Water and Sewer System Fund 3,164.15 70,286.71 Reserve Fund note 7); Cash 8.66 I Certificates and time deposits (Schedule 14) 23705000.00 f Accrued interest receivable _ 2,433.'75 239,942.41 Utility plant in service, at cost: Lend aad land rights 9B,O63.42 Water utility plant less $2,2700Q19,06 accumulated depreciation 30644,3;19.32 viewer utility plant less 1?01011879,28 accumulated depreciation 1,116.942.09 41869,339.83 Construction work in progress 58,957.36 Investment in Motor Pool Fund, at cost (note 4) 72,792,74 Investment in Working Capital Fund, at net underlying book value 180135.73 $ 6074,548.52 See accompanying notes to financial statements. i i I n t ,q 1 f 0'r L,e::iT03, 1'r.;{AS P. Stjte --nt of Rct91u,,d rntnrr Y.,nr end,d 5. r.b~~r 3G, 1'Jo7 Er,3nncF, Septenber 30, 1:u'B 2,955,998.32 Add: imbilled revcnuos at Septe,:b_~r 30, 1 66 (note 3) $ 172,714.21 Cost of assets transferred to I!otcr Fool Pond end General Fixed Assets in prior years (note 4) 00957.18 Excess reserve for bond interest and rederption appropriated in prior years 686,436.68 940,108.27 Balance, Septer,bcr 30, 1906, as adjusted 31896,107.53 Add net earnings for the year after transfer to General Fund (Exhibit S) 366,835.01 4,262,942.60 Deduct; Increase in reserve for lnterest and Bond Re9emption (note 7) 18,297.59 Increase in reserve for Revenue Pond Retireront (note 7) 8,570.00 260667.59 Balance, September 30, 1967 $ 4,236 a 075 01 See accompanying notes to finnnoial statements. l G! l ifr rky W Exhibit U ' fl G e~ w w Liabilities, Reeer;es, Contritutio!~s, a':d 'hetai~ ' _ i4^ E3rT11 nr5 Cuirtnt 1191i1i~.ies: r1C'p~1ntF payable 8,704.61 4 true} r tr 2,F.19.24 u e tc 1 t i ;ir Ki 3,184.1:, ~r~nt icrti~r cf lcr,- ~~n~ lebt 110,003.21 Po_al c Trent lint a it1 124,111.41 Current liet'ilities F3ynble firm restricted ase-,ti: C~)nstruction ccntracte and retained per_anta e payable 19,638.28 Due to other funds 3,17Sd.38 Current portion of long-term debt 32,500.00 Accrued interost on rsvenua bonds 27,981.75 83,299.41 Long-term debt: Water and sewer revenue bonda, 3 - bl, p3y9ble serially in varying anounts to July 15, 1990 (note 7) (Schedules 7 and 8) 3 630 000.00 Contract payable (note 9) 99,365.74 ° 3,729,365.74 Less portion due within one year: Payable from current assets 110,003.21 Payable from restricted assets 32,500.00 I\ J 142,503.21 3,586,862.53 Reserves (note 7): , Reserve for Interest and Bond Redemption 9v804.96 Reserve for Revenua Bond Retirement ~239,992~ 249,747.37 Contributions by municipality and Federal government (note 8) 2,043,766.13 Retained earnings (Exhibit W) (notes 3, 4, 71 8 and 9) 786,76-1.67 Commitments (note 6) $ 6,874,548.52 r E.~hthSL b' ]I' 0? L'~i~TO`:, F]?XIS 'kit- ersd ~ Sv;+Fr } !i Stat•;r _r.t. o`.' EA rriings (and Co--pars or, •aitc t,eL) RctuRl oV+:r (un J-r) Operating 1C!CO'r_e: Water .gale;: Cu3t tar':; v ~3:5,G.O,G;` i?S'F.25 Int?rgovrrr.: tts'. 1 rr,`OC,.~9 14,17 ~.CO 3,'+73.00 S n~ .7N '^2i 22) rfipp7 ne .r i', 4122P_00) 653, 73} Gelari~: nr:,g i . , .r'3 , . ~ i (Z4,':•37.C~) Vair,tenr,n, 33 4c . 52 (r,I.1r_',,N1) Power 6"10.00 7P, (4,479.22 AdminIst,ation r'ervice; tno te 1J) .,555.?4 e3,5;E.P4 - Equipm-nt rental 2'2.67 22,G26.'47 (15,243.70) Other services 61,763.53 54,776.91 (7,CrA .42) Provision for uncollectibie acco9nts - 14,-08.94 14,788,94 Insurance 430M, 00 41071.66 74.66 :1,965,27 51317'76.84 46 208.43) Operating income before depreciation 496,014.713 53),669.43 44,654.70 Depreciation 443,0.23.17 443,093.17 - i Operating income 42,921.56 576-26 44,654.70 1 Other income - interest on investments ~ 35,Coo ,oc, _ 61,4°2,2) 26,492,2° 77,921.56 143,069.55 ?1.,146.99 Other deduction - interest on Lords 1.40}067 5O 13:1, 246.0-7 (8i 6.43) Net earnings (10@3) tetore T extraordlnar; item (62,140.94) 9,6.22.48 71,963,42 Extraordinary item (note 13) 31,413,08 31,413.08 Net earnings (loan) (62,14+7."d4) 41,135.56 103,376.50 Transfer to General Fund (rote 10) ___t2.363,56 _ 62,363,56 _ Net loss after transfer 124,504.50 21,1ti8.0C 303,375.50 See accompanying noses to financial statements. e.ir~e A' n.'IM Exhibit W C111 CY LENTON, ERAS gt_:r ayi Seer System Fund Strtelent of Retained Earnings ,ar ended Sy2tumber 30, 1967 t ~ 2,598,959.99 Balance, Septenber 30, 066 Add: 54,351 48 Lnbilkd Mer.uee nt S~.ptorbe^ 3'?, l'r'F, (no+.,e 3) ~ Cast of assets transl rol tO btol "Ol Fund g0 611.10 and General Fixod Assets in }rip: YOWS (note pt Excess reserve for bond int^re9t a-'d rain-ptipn F;7,502,01 qpp apriat d in p iu r er, yurchgw? Of Wng-ter &P MEMO (not J: 3W1CRME, -r dayrfi.Cla OW& MY" n_ i .?t .rrings In Fr1or C r3,17P.J:' ,=nrs (rDW 0) 255,659.18 g rrr_nt GantrUntio by , "Velpalmin and r r~r.l recorded rs retain t earnngs in plicr ,r3 (note 8) 11d74i68C.13 (1 719,028,95) 279,933.04 t P~ Balance, Seph-mber 30, 1006, as rr,ruster. Deduct: Net loss for the year nftcr transfer to General Fund 21,128.00 N4 (Exhibit V) ( et Increase in reserve for Interest and Bond Re3e',rption 9,804.96 (note 7) Increase in reserve for We= >:ond Retirement 62,239.41 93,171.37 (note 7) 785,761.67 Balance, Septasler 30, 1.967 II j i II See acco.*.psnying notes to financial statements. Exhibit x CI Y OF IEiTO[f, TEXAS Stnterent of Gcnergl P Wd Assets Septupleir30, IMI i f G.nernl Fixed Assets 13chad1jes It-10 ad Lend 716,741.50 BaildinE_ 1,250,495.36 I-praveaents othar than t:uikQs 321519,823.86 $ .,487,120.72 I Irrc_ t7unt in i, r r l r ;nj 03ots Front Gareral Obligation roads $ 4,639,764.31 From current ravemues 6320355.41 From gifts 152000.00 ~ $ 5,487,120.72 1 w See accompanying notes to financia: statements. i CITY OF GETiTO;1, TEXAS Exhibit Y State-.erkt of General Bondr,d Det t and Interest Septeaber 30, 1967 Asrets Get'icit in Debt Service r'und (Exhibit E) ~ (1,753.40) A,ounts to be provided for pay~rznt of Mond prineipsl and interest 4,966,029.38 $ 4, 9_644, 275.88 `.ir;bilities Bonds payable (Schedules 12 and 13) 30807,500.00 Interest payable in future years (Schedule 13) 1,156,775.98 i=91 4 I 1 i See accompanying notes to financial statements. l? ra qy o- CITY OF unruN, T' XV ?;ote., to Finenciul Stattments Septt mbesr A, 196% (1) In prior years, individual ur.colleotible acoannts for electricity, wate•, sower, any E5rhag,e chargeo were charred arnir_st cerninCs d~urint the year in which they becqme u:coilectible. NINE the curre:t year, a provision of $15,060.0 was provided for vetimsted uncolAc tible uc_oints rcecivable and unbllled rtv uu' at ApOnh%r 00, 1567 (2) ReceivAin in the ^'l"etric ,r=te:'; PEA incl°iie inounts He for water and a 'I _e' ic'1 proved-3 t th "n t.r ?0 u,I A p 1 nd t+rtal rvics'. PrOA •:I t AV Wnn~ III IU t. 1., lity I' iV%bl 7rr. c.frrkI h tV- Electric :t-.:: Knj to Nollit t- tiny O 00111_ction EIUc_IM:. Each itr portion c~ f' r~ _ lc : A; ti, ~r accounts, NO r_c;ir... _ (3) In prior yt32 , thi >>nt_ Or . :I'+'i': }'ivwl hi but ki uhic 1 wtel hn] not boon r ai were nit r r :z. i in .:rr:u:r tt I c it :"yat %i, the Watc an :I A war t, m ru.7, and t'r: 0 r IA Fusd, I . ,.es in tho amount of $t'61,78E 21 u'Ie rtcNJA a. :apt O&I 30, 1361 in thO VerimJ_ funds, and art included in thy unbillea 1: ..nua account in the accomp hying balance sheet of the Electric oysttm Fund. Similar charges of $239,104.92 at September 30, 1966 were creditV to retained earnings or fund balance of the respective fund,, Recording of these amounts increased revenues and net earnings for the year ended September 30, 1967 by $43,E93.30, of which $290215.07 is applicable to the Electric ZiA m Fund, '$10,661,5• to the Water and Sewer System Fund, and $3,716.?0 to the General Fund: (4) In prior years, assets contributed to the Motor Pool Fun' and transferred to General Fixed Assets were charged to retained earnings by the Electric System Fund and the Water and Sewer System Fund. As of September 309 1966 the amounts f of such assets contributed in prior years ($80,957.18 in the Electric System Fund and $60,611.10 in the Water and Sewer System Fund) were adjusted to record such contributions as investment in the Motor Pool Fund and as utility plant in service, with a corresponding increase in retained earnings of the funds. Current year contributions of $17,933 00 (electric System Fund) and $32,834.00 (Water and Sewer System Fund) were recorded as inv_°stm<_nt in the Eiotor Pool Fund. The portions of the above prior year contributions applicable to the Motor Fool Fund plus contributions from the General Fund in prior years, the total of which aggregated $167,792.49, were adjusted it the Motor Pool Fund as of September 30, 1966 to record such contributions as amounts invested by other funds, and retained earnings Wert reduced by an equal .anount. Current year contributions totaling $53,62b.80 were recorded as amounts invc2 ted by other funds rather than as retained earnings. C CITY GF li6tiT0:i, T'aRvS to Finr:rtcisl fate°:+nt<:, L--s-itinu-A (5} In 1900, the City recor3e3 the utility plant in -<i vice of the Electric System Fund 'it the appraised value o reconstruction cost new, less= depreciation, in the amount of $10,057,760.00. The excess, $4,1:6,210.00, of the appraisal value over acquisition cost less depreciation was recorded in the accounts as of September 30, 1960, and subsequent additions worm recorded at cost. For ficenl y it endaj September 30, 1261 through 1966, depreciation was charged to esrn,nF bs-_3 on the pprar=al value and sub<equent addition- described in the prTc_~dd+a; par'acroph. The excess of 3epreciation based on appraisal vsluc o er -i~.precrsticr bp-ed ors acqui-ition cost was transferred annually urr alit-1 irnr_,::nt in v,ilListi-n of utility plant in strvico to retained - arnint;. TiA Eio^c e r.~ir.e; tE.- c.rr n t charged to >>:.E Fd ,,q.'s i t~, t. ir_ :xee f 9epr_ciatiu tried Ersaiz i ::ale: orer rn I -kisiticr; coat ens transferred from the rsl i r incr nt aunt t'~ try r.c ).nt= j re 1at10a , c ant. Had th. pry tice~ tn full .e3 in the prier as, earnrn,= fr,r tl,e year ended opt mL_r 20, x'66 .^-alt ?,sva b~cn lr;hrea_e~ by$i~k,5E4.00: Oc: Srpts:,ber 317, 1:167, th net carrying value of utility plant in sorvice of the Electric Syete~m Fund was adjusted to $x11015,293.00, the nppraised value of reproduction co .-A n -w, le; depreciation as determined at that date by Black and Veatch, Consulting nnEineers. The recorded appraised value of $21,015,293.00 was $4,851,497.95 in excess of acquisition cost, less depreciation. This excess was recorded in the accounts as "unrealized increment in valuation of utility plant in Service." In future years, net earnings will b? charged with depreciation based on acquisi- 1 tion cost. The excess of depreciation based on appraised value over that based on acquisition cost, $2851000.00, will be transferred from the unrealized increment in valuation account to the accumulated depreciation account. (6) The City has entered into vtrious contracts for construction, of which approxi- mately $840,000.00 will to paid subsequent to September 30, 1967. Of this amount the City Council authorized the Electric System Fund and the Water and Fewer System Fund to provide $200,000.00 encl: during the fiscal year ended ' September 30, 1968 for aid in construction of a new municipal building. The remainder of the cortractual obligations will be paid from proceeds of t1e vsrious bond funds, (7) The ordinances authorizing the issuance of electric revenue bond: created the Interest nrA Redt~rr,ption Fund, the Reserve Account and the Extension and Improvement Fund. The net revenues of the electric -system, after deduction of reasonsble expenses of operation and maintenance, are pledged to such funds MY Q ULI'CtiG, TINA. Notes to r'inaNclul SIM n%tv, Cow tinuM (7) Continued in amounts equal to the total annual princips] ani interest Ujui r menu of the bonds and amounts requirw to Mablich th, he:'erre Account and the Extension arud Improvement F'uni. Funds It'quired to to set aside in the h._ssrve 1cccunt aru to to boc .dated at a ninthly rate of $x,250.00 until a balance 11,00,9U5.00 is aec nuKt_-J. After the rcquir.I paymonte to the rntert:t and h -.pMn FoO ani hx _wzvp Acc,,ur,t art ,^3:ie, the Extension ani Ir:prvvo,nt Fun! to r c i onthly 12-1/0 of the Lro e of to oin ctIic w u,hfunk are to tr used only fox' thu purpozz of p':y ins; t h, on i i...xt. n,1nno .-d inpto .:Lt to tai? r1.J011c - Ir at C:r pv; n !Alur'1 r ...2Q01 `ni riturost',n t}. %t ?p:ir -'r. , ..,i K t .rJ :n j i I; r-,;nt „i :LOP to c,rr, r ,aKIiti Tn., DrJinanr Morizinc th. 1=_. %c._ :l' :cnyr ,.x w-r t to nd cruntai tr . I.!.=:1, t hni sinkinr, f ! I KO Me not Icv:,nut: )f th. itc,Y ard z, w.r =,ror, rtyr nKish of r isonibla "xp of oper,tlon ini unt. ass^.,, :,r•: pL.J6-i to ouch funi irk a unte :quil to tr- to!yl annual piincrp:l ini nt.re&t rtJui r cnts of, the bonds aQ amo.,ty required to .tablish th._ herezvo Fund, funds required to be set aside: in the heserve Fund are to be accumulated at a monthly rate of $1,685.00 until a balance of $265,600.00 is accumulated The City alsc pleQed to maintain rates sufficient to pay all operating and maintenance expenses and to produe" net revenues, as defined in the ordinances, in amounts not less Own 1.3 times the amounts required to pay the principal and interest on the bonds and reserve find payments as they become due, (8) In prior years the Water and Sewer System Fund received contributions from they Federal government and the Electric System Fund and proceeds from the sale of general obligation bonds amounting to $1,974,386.13 which was credited to retained earnings. As of September 30, 1266 this amount was adjusted to record such items as contributions by municipality and Federal Eovernment, and retained earnings were reduced by an equal amount. Current year contributions of $69,080,00 were reeor3od as con- tribution: by municipality and Federal government. (9) In 1953 the City entered into a contract to acquire storage space in the Garza-Little Elm Dim and Reservoir for a period of fifty years, with payments to be paid annually in twenty installments. In prior years the City recorded the payments a reductions of earnings of the Water and Sewer System Fund. As of September 30, 1?66 the `dater and Sewer System Fund adjusted its books by recording the storage space as utility plant in service in the amount of 1180,046.!:6 (net of depreciation). It also (F M ^ 1 oi,"lF ,rat„ ..^!Itl nll e"~ h (9) Contrnued F q °65.74, and unt ofva,l,B-'" (net of applicable recor<9o,3 the p rtinent long-to, it' in `rie applicable effect in cre itel retaa .n:+l earrings in the n,mo Ha.i this p,actice been ~;0; J3 depreciation relating to prior yeaar=7• the prior year, e3rning; wou13 have, b«, r~,eita,ed . es wa y s rulid'e f~I sn ,rn•'aal a,+ ~r,t to tnen>cieallutFurVi iiit froti.texcoms F Thy City Chart_r F net investment in tha ~ in ze „n!1 u (a' , l n t _ c d i x, oth 9 e (rt Ch [ t l of tl .v°, the General Fund I ,_o nt of c --Ix p a c , f t City co 1 '7b I' 3J" ari[ tY.e yr~t enl 1 P d 3g2 163, 56 y to E ,r=t:m Fun am lit, D c r c [ ~i, t'!cr tYie c. o the City CherLer. r ttLl EIO i ~n of I t] r i tp, L su Tr, t by. n+, ;h .1 a t n7 r r;t c'ar [ y r' } T! ~ I. 7 i '1 ..'.lr 1 fl-7, thti' - _ rtl' rt F 6'1N tOLd G1 1 , I") ant F'Jni T _ ,j ti rt 7 li t'n ? to ~xt, cr n c J I PT {11) orllr n c~. r F c3 r.[ r.ai.~ I ? I .n_i I pL,a~ trce of ra r.~akir,5 th~ i f ua 1'i, l . t capits,l •13~rticl•s fxcaei re L11I ] x.1'1: 1 r' it kp- 1?-1 Ot cill nt klr~._ Te , 1 uire that the Interest and zrug thr ele'otric [evenr bon] s r t National Bank Firs The ordiuanee; authori i Rede7,pticn Furd and 3e5erve Account be depo'ite' in the in D311R_ as trustee of th,, pledged r_-Venues ar.d thst all inaestments of the fie serve Account s~ZA t Gxteneion and lmprovem"nt rur.d be held in escrow by the r First i+ational Bank in 6aIias• The funds have been deposited in the First State Bank, D_nton, Texas and the investmerlts '-ire held b the First N National Bank in oallar for the account of the First State B-nk+ Denton, in sing (12) The City is contingently liable on a $2CrzeCoDtheersCointyal . iInjnury quit the opinion the from electryjCity ha- a probabledefenee in the suit and a favorable city Attorneyey) , ti-, verdict probably will bo obt`„Irs'.1 vales central warehouse (13) The Workiti Crpital Fund of the City cf ,par,, Texas Provides rtes the cost, and facilitien for the variou c'unervic~s da~'u providednatfippns the inventories of Lhe utility fIzAs. tt ration of the Fund are any net carnil,gs or to =g'- which my ari..e from ttheosoervices. During the s varicca d,_ par t tilizini, t distributed to th'_ r r t i u uatmen was recorded in the Working consent year, an extraor:3lnary inr r..ry adj i I I CITY OF DENTZ, THE Notes to Financial Statement;=, Conti nuQ (13) Continued Capital Fund which re,ultei in an abnormal amount of net esraints in that Fund. The distribution of the atnormal net earnings of the Working Capital Fund has been recorded as extraordinary items in the accompanyins statements Of earnings of the Electric System Fund end the Watei an3 Sewer System Fund, (14) The Motor Pool Fund was establiAnd dune 1, 1957 to provide rind nalntnin trans- portation equipment for the various furi- of tq City. T1._ appr i_ei valv-, of equip,ca;t at that d-,te wan V20,101.18, uhich wsr eiullted to retained earnings. As of ep0mber 30, 1066 th a^>InQ wine ti ,nsfcrred from re6=And mining: to ,ppraiM vilua jjgv.nt at i pti:L i3to, Bunn i, 1. h - 1 Q Schedule I W CIT'Y Or' TV,; Ir-KAS General F'•.ur] chcie of Other hr _nuc: (ad Cor:.p_ri~on with 8ud~=t} w Yoar ended ; eptercber 30, 1'67 Actual over (under) 6u_ i et actual budget G3rhage =crvic~,s 230,000.00 232,533..78 2,939.28 Franchise taxeo: Lone Star Gas Co. 16,000.09 16,345.73 345.73 General Telephone Co. of tae Southw,t 16,000.00 18,620,84 _ 620.94 License ^;!4,000.00 34,966.67 266,67 s and pr,rr..it : Zoning p~ rrr3t 1,50).00 784,00 (716.00) Dog lia_nee.: ;_7r;,n0 180,50 (69.50) Tax certificate 1,`0-J OD 82'9.00 (361.00) F;L_ctiic Ar9 plwabin~, lic_r. 1,U0~.+~0 8?0.00 (1£0.00) Buildin.; p, rcit= l?,~UjO r~rr) IO,hi1.11 (2,388.8:1) 4'ital st.sti~tic,~ _r 1n0 155.00 t•;i-e_11ans,i= prrcat 3, ":=~_,ru~ 1,216.;8 1Fl6.28 L^ dire; r.snee a,ri}.i~~r ~ 600 00 (50.00) Gort, rr dar,n p,t;,it. - 1,733.00 1,733.00 0 .e 0.00 19,128.89 1 651.11) Farkin6 c.:ter r, c,:ipt, 000-00 27,3 53.3.. 2,353.32 Fines an 3 fee corparation~court 10",000.00 116,644.68 13,644.68 ;Animal pound :00.00 191.00 (9,00) Automobile pound 1,500.00 I,342.50 157.50) Other: 106,700.00 22O,I78.18 13,478.: 3 Electric inspection 3,500.00 2,552.33 (1,197.67) Plumbing in=pecti on 4,300.00 31167.09 (11112.91) Paving assessment interest - 2,596.19 21596.19 Rent and commission, 40500.OC 3,026.81 (1,473.19 Cemetery service 2,000.00 1,713.00 (287.00 County fire runs 1,200.00 1,880,00 680.00 County radio and identification 3,000.00 31000.00 Swimming pool receipts 12,500.00 7,128.57 (5,371.43) Community Building rent - 600.40 f00.40 Matching funds 1F:,000.00 10,970.94 (lp029.W ) Salvage sales revenues - 1,966.00 1,96F.00 Police record check= _ 296.75 296.75 Gain from Working Capital Fond - 1,469.38 10469.38 Miscellaneous 1,000.00 _ 1,472,25 472.25 44,000.00 41,659.71 2 340.29) Interest on investrents 1'7,500,00 120525.00 (4,975.00) Sale of land and croperty - 197,477.89 197,477.85 Total other revenues $ 478,050.00_ 666,358.94 208.300.99 , PMS %q py E chr Gt nF~Tal Fur;1 Schedule o: Expenditure:., al; I Eric ; , n a:;e e r (and UOS.pariSon with BudSt- t) t Yasr en led Sep_:,,bar Actual_ over (under) Bad;pct A_tual b_aj~t Geeral Oo~cinment. + ~0 1,0.1.9 I58.1a j r- Selaiit n3 waved "3.40 173.40 PP11` C„ t,raiF- nL r~raa (4i1.6i) ELF::r :r'✓ic__ ~ r, i~0 i;7 367.0'd) lc t.43 alari 'n1 wa"c'= °i.61) Supplie. °0 C40 b5 57.55' Other rvieea 16,4 1e,'W4.0; (4:x7.93) Tax department: i$7.72 {395.`8) Salaries and wages 2ri3.0 22,.. S'~PPlias 2,500.00 2,071.06 (925. 4} 500.00 79.97 (421.03) Maintenance 600.00 60.00 Equipment rental Other services 2,500.00 2,234.61 {265.39} 28,863.00 27,352.36 (1 .510,64) Utility accountine: Salaries and waves 92,4'73.50 93,&98.59 1,419.04 Supplies 15,000.00 13,797.69 (1, 25A.11) Maintenance 00.00 2,968.95 (531.05) 291200.00 28,724.30 (475.70) Equipment rental Other services 13,500.00 11,062..55 (2,437.45) capital outlay 1.800.00 1,337.01 462.99) 155479.60 151,733.24_ 3 746.26) Purchasing and warehouse: 16,.' 00 -E 497 R5 (34.15) Salaries and wages btX].00 715.75 (84.26) Supplies Maintenance 500.00 366.27 {133.73) Other services 31400.00 _ 3,695.07 295.67 21,23:.00 21,2"5.54 43.:4 Continued r tt rl 1, C, Jehelule cf Exp~r.:iitares and Err, curarencas 1 f (and CoR:parisoa with P11jC,etC)r,tin.lej Actual over (under) ndsat Ac'.ual bud et Legel depart'nent: ~slaries artd wages 24,710.00 ?4,426.49 (281.51) Supplies :00.00 7V.17 (110.83} 100.00 7,. 96 (24.04) Maintenance Other services 17,000.00 16,928.43 (71.57) Capital outlay --4r0,00 437.76 12.24) 43.160.00 42,659.81 500.19) Health and sanitation - inspection: Salaries and wages 5,436,00 59346.00 (80.00) Supplies 900.00 279.78 (620. 242) Maintenance 200.00 90.15 (109.85) Equipment rental 300.00 30100 Gther services _ 5,204.00 _ 5,353.33 153.33 12,036.00 11,369,26 666.74) p Health and sanitation - garbage collection: Salaries and wages 127,017.01 125,957.43 (1,059.57) Supplies 150000.f0 16.162.35 11162.35 Maintenance 25,000.40 24.999.97 (.03) Equipment rental 21,080.00 22,080.00 - € Other services 11, 00.00 141349.14 2,549.14 200,837.00 203,548.89 2.651.89 Health and sanitation - garbage disposal: Salaries and wages 140980.00 14,958.82 (21.18) Supplies 900.40 524,81 (375.19) Maintenance 6,500.00 40570.77 (10929.23) Equipment rental 5,200..00 4,600.00 (400.00) Other services 10500.00 1,337.83 (162.17) 1 Capital outlay - 10.46 10.46 ~29,080.00 2'6,202.69 (23877.31) Civil defense and safety: Salaries and wages 10,168.00 11,008, CO 820.00 Supplies 555.00 674.?P 119.29 Maintenance 750.00 837,69 87.89 Equipment rental 600.00 600,00 Other services 21060.00 21333.12 273 12 Capital outlay _ 9,335.00 9L372.55 _ 37.35 1'3.468.00 241825.65 1,337.65 Continued r Schcdule of }x~endltures ar J N ur;tr ,r ce (CC;d Conpsri on wi'II 5u,i6'1 t , LuntirI u-3 f Actusl. over (under) Act%'iI bud et Police department: , ~ 'll 1,761.11 Salaries and wages 216,LE-8-010 10.E 0 ,..3 Supplies 18,700.00 19,523.85 823.85 t.sintcnsnce 18,000,00 16, 797. r,6 (1,202.44) Equipment rental 1,300,00 15,367.40 67,50 Other services s0, 249.00 30,631.72 382.72 capital outlay 568.00 308,24 259.76) x301395.00 302,967.98 1,572,98 Fire department: Salaries and wages 166,985.00 164,773.98 (20211.02) Suppliea 7,000.00 60824,18 (175.62) Maintenance 6,250.00 6,581.14 631.14 j Equipment rental 11,820.00 11,820,60 - Other services 24,189.00 .^49694.52 560.52 Capital outlay 3,425.00 3,095.85 329.15) 219,614.00 218,069.67 1 524.33} i i Engineering and dtafting: Salaries and wages 70,110.00 69,029.32 (1,080.68) Supplies 3,500.00 3,461.51 (16.49) Maintenance 91000.00 7,012.08 (1,987.92 Equipment rental 3,760.00 3,693.00 (87.00 Other services 7,860.50 89642.02 761.52 Capital outlay 1,385.00 _ 560.91 629 09) 66} 95,635.50 92.416.89 (3,216, 3 Street and bridge department: Salaries and wages 940757,00 91,302.65 (3,454.35) Supplies 6,500.00 5,968.39 (531.61) Maintenance 759000.00 630936.81 (11,063.19) Equipment rental 35,760.00 34,766.00 (974.00) Other services 23,000.00 :81902.78 (41097.22) Capital outlay 20,nO0.00 13,679.90 _a,120.10) ,47) 255,017.00 228,576.53 (26,440 ar p} Continued 1 k L~ 41 Ger:eral i'ur;:i 10 :?c?,edale of Expenditures and Encurbranccs W ;and Cor,parison with Budget), Continued Actual over (under) Jud et Actual bud_qet Parks and recreation department - director and parks: Salaries an-i wages- 53,042.00 51,570.41 (19471.59) Su lies, 71722.00 8,509.36 787.36 Mainteranae 91:3:.00 9,134.95 (340.05) Equipment rental 11,518.00 11,535.38 17.38 Other services 100229.00 11,697.45 1,468.45 Capital outlay 20,945.00 18,583.35 (2 ,363,.68) 1122991.00 1111090.90 (1,900.10) J Parks and recreation department - swimming pool: Salaries and wages 7,636.00 7,9"3.42 342.42 rq Supplies 1,240.00 11189.92 (50.08) Niaintenanc 21655.00 2,624.18 k30.82) Othe, services 3,125.00 3,670.76 545.76 Capital outlay 2,450.00 2,449.54 .46) 17,106.00 17,912.62 806.62 , Parks and recreation department - "i other activities: Salaries and wages 9,580.00 9,761.21 101.21 j Supplies 2,460.00 2,462.00 22.00 N Maintenance 200.00 130.15 (69.85) Other services 1,400.00 1,916.43 516.43 Capital outlay 1.100. W _ 1,098.65 (1.15) 14.840.00 15,408.64 568.64 Cemetery department: Salaries ar3 wages 10,056.00 91790.73 (267.27) Other services 1,250.00 1.415.46 165.46 11,306.00 r 11,206.19 _ 101.81) w Nondepartmental expenses: Insurance 11,688.00 12,808.36 19120.36 Provicion for uncollectible accounts - 1,632.85 1,632.85 Contributions to Motor Pool Fund 2,792.80 2.792.80 11,658.00 17,234.01 5.546.01 j Contio,ied General Fund chedula of Expeniitur~, and Encumbrances (and Oor,:p3:ison with Budret), Continued Actual - over (under) Budr.et ACtual bud et Special projects - capital outlay: Civic Center - 284,988.40 2849988.40 Community building 162,542.42 162,542.42 447,530.82 447,530.82 Contingencies 22.00 .00 _ (22,000.00) Total expenditurr3 and encumbrances $ 2,660,226.00 21054L773 3~4 394,547,34 I I 1 I - 15, i w r S `rV11 1 +Q 3 i 5ch,?ds:le of E:<lenditnras (an'.i C07-p1,1ri00r, 'riti; 9a'.E~t) 1 W Year ended Surber 30, 1287 Actual. M over (under) Aud et Ex ditaes bIL Electric prod.:ction: `d Salaries and wages $ 204,184.00 1'd7,6:+.9 6 (6,464.04) S lies 32,690.00 16.W72 (16,443.28) u1P 691,900.00 55@,5 9,61 Fuel. (123$20.39) o n' C,7 (48 .W t✓,ainterJance 26,42r.. ,527.03) Equipment rental 3,060.00 2,235.00 (825.00) Other services 45,9.'2,00 51,63?.31 5,647.31 Capital outlay 64.545.00 60,103.83 4,441.17} 1,107,367.00 212,°33.40 (794,373.60) Electric distribution: 5~lnries and •~~agas 169,612.60 i13,553.d7 (56,058.13) Supplies 14,288,00 10,120.95 (4,167.05) Maintenance 41,630.00 33,097.60 (8,532.40) Equipment rental 29,588.00 25,778.00 (3,810.00) Other services 27,823.00 17,429.42 (10,393.58) Capital outlay 324,235.00 406,822.94 82,587.94 60",176.00 6 6, 8C 2, 78 _ 373.22} Electric metering: r Salaria, and +aEes 30,096,00 290913.87 (182.13) 2,380.00 945 55 (1,434.45) Supplies Maintenance 9,380.00 6,615.51 (2,764.49) Equipment rental 21000.00 1,800-00 (200.00) 3,448.00 20865,42 (582.58) Other services Capital outlay 33,150.00 41=535.20 _~385,k0 86,454.00 u 831615,55 (2,778,45) Nondepa-tmental - insurance 30 OL00.00 29,604,22 395.78) t Pro rata share of utility administration expense: 14 Salaries and wage S 24,134.67 22,943.87 (19290,80) Supplies 1,633.33 1,949 77 116.44 Maintenance 466.67 278.86 (167.81) Fquipment rental 533.33 533.33 - Other services 35,366,67 44,293.02 6,926.35 Capital outlay 6,543.33 _ 4,525.28 2 018.05 66.878.00 74,424.13 5,546,13_ Transfers to G^nersl Fund - administration + services 254,343.74 2,1- 4,343.74 Provision for uncol'iectible accounts - 19,576.31 19,176`31 Total expenditures 2,154,158.74 1,981,360.13 (172,798.61) Deduct capital experniit!ares 434,473.33 512,'97.25 78,613.92 Expenditures charged against operating income 21,665.41_ 1468,372.86 (251,312.53) I f. r1F;ctric S;st~~r, F'~r:,3 / Schedule of L-Ing-tern Uebt - Electric kevcr,u,: September 30, 1967 Issue date Series 1954, .5 to 3 % November 1, 1954 Series 1955, 2-3/4 to 3-1/2£ MAY 1, 19E5 j Series B, 19b: , 2-3/4 to 3% No•vember 11 1955 Series 1951, 3-3/4 to 5-1/4 January 11 1%1 M i Series 1%5, .05 to 5% January 1, 1965 w i r~ }nq 5 i , 1 1:n ~.d I x4'+41. ffdp,v..V . ..,x.,. _ _-w•as a,. .wt+T+', ;,.,n._. • ...+e aaW r'k>.6 r `di~.a)y•r i I fi k iJ Ri Iw r r Hlaturir.~ dates of Bonds a Amo)nt of outstanding bonds -outstanding at original t,eptember 30, Member 30. 1967 issue RE de.pti_ns 1867 Serially in varying amounts from November 1, 1G67 to November 1, 1984 (option Nover..ber 1, 190-9) 4,287,000.00 1,237,000.00 3,050,000.00 Serially in v.atyin€ amounts from November 1, 1967 to Novenber 1, 1965 (option November 1, 1979) 1,350,000.00 381,000.00 969,000.00 Serially in varying; amounts from November 1, 1967 to November 1, 1965 (option November 1, 1979) 1,3870000,00 3790000.00 1,008,000.00 , Serially in varying amounts from November 1, 1967 to November 1, 1990 (option November 1, 1981) 5,200,000.00 1550000.00 5,0450000.00 Serially in varying amounts 1 from November 1, 1967 to y November 1, 1984 (option November 1, 1976) 4,000,000.00 500,000.00 3,5000000.00 Q 26,224,000,00 2,652,000.00 13,5721000.00 1 N I -A a Set,.d~le of n Inu=re. L R_, q,; ;❑t~ S~pterb._30, 19,37 tear e;:~ling September_ 30, Yr I L I I 91 Ir~t.,rr~~t Tot:el ia68 532 0CAD.00 1 ~ , 'dJ1,319.75 1969 542,000.00 4313,CS31.00 976,831.00 1970 5.50,000,00 414,024.75 964,024.75 1971, 563,000.00 3PC1,755.110 953,755,50 1972 545,000,00 368,786.25 913 786.25 1973 507,000.00 350,783.0(I 657,783,00 1974 519, COD. 00 335,014.50 854 014,50 1975 526,000.00 319,068,25 845,068.25 1976 .E40,0").00 302,802.25 842,802.25 1477 552,000.00 288,122.75 838,122.75 1976 564,000.00 263,058.25 833,058.25 1079 578,000.00 25i,4?4,75 6;3,494.75 1-80 590,000.00 233,20.50 623,290.50 2981 eC4,000.00 214,530.25 5'9,1,30,25 1982 616,000.00 195,276.50 811 276.50 1983 630,000,00 1750591.75 805,591.75 1984 644,000.00 155,S,9.00 7930 519,Or) 1985 663,000.00 137,654.:0 800 654.50 1986 497,000.00 120,3;2. 617,972.00 1987 515,000.00 101,842,50 616,642.5C 1988 540,000.00 81,C,oo.00 621,000.00 1989 560,000,00 59,600.00 6,',000.00 1990 5859000,00 38 100,06 ~ 1991 ~ 02.,100,00 ~ 6100000.0,) 12,200.00 622,200.00 $ 130572,000.X 507061P78_00 11 , 278,E i I Ser,~-lale 6 , CITY OF DENTO:I, TEns Water and Sewer Sy:-Aem Fund r„ Schedule of Expenditures (and Comparison with Budget) Year ended September 30, 1:'67 Actual over (under) Budget Actual budget Water production and treatment: - Salaries and wakes $ 44,7,112,00 44,325.75 (406.25) Supplies 40,300,00 33,554.32 (60745.68) Power 460600.00 42,651.36 (31948.64) Maintenance 10,000.00 8,341.15 (11658.65) Equipment rental 1,374.00 1,370,00 (4.00) Other services 22,500.00 _23,054.01 554.01 165,506.00 1530296.59 (12,209.41) Water distribution: Salaries and wages 55,374.00 39,775.08 (15,598.92) Supplies 41100,00 3,724.14 (375.86) Maintenance 399790.00 41,983.15 2,193.15 Equipment rental 17,000.00 7,618.80 (9,381.20) V4 Other services 6,000,00 61056.54 56.54 10 Capital cutlay 420035.00 1030291.61 6. 1,256.61 164,299.00 202,449.32 S8,I50,32 Water metering: j Saleiies and wages 14,440.00 14,400.05 (39.95) j Supplies 1,170.00 683.00 (286.95) Maintenance 1,850,00 10319.33 (530.67) Equipment rental 300.00 300.00 - Other services 21300.90 2 455.21 155,21 Capital outlay 27,000.00 25,806.14 1,193.88) 47,060.00 45,163.78 (11896.2 2) Sewage treatment and disposal: Salaries and wages 29,346,00 291222.85 (123.15) Supplies 51250.00 5,939.54 689.84 Power 8,000,00 70469,42 (530.58) Maintenance 50600.00 49709.99 (830.01) Equipment rental 10332.00 1,356.00 24.00 Other services 30300.00 31714.37 414.37 Capital outlay 1,895.00 _ 1,100.27 794.73) 54,723.00 53,512.44 1 210.56) t Continued .i watFI arci S. w .r SY t' F'ur3 j/ SChQdule of Exper.diturc,~ (and Comparison with Bud6et), Continued Actual _ over (under) 9u3L&,t Actual budget Sewage collection: Salaries and wages $ 56,074.00 47,950.64 (8,123.36) Supplies 5,000.00 4,769.87 (230,13) Maintenance 121500.00 10,983.48 (11536.52) Equipment rental 17,000,00 11,117.50 (51882.50) Other services 10,000.00 10,027.08 27,08 Capital outlay 48,835.00 37,027.89 (11,807.11) r 143,409.00 12l ,866_46 (27,552.54) Nondepartmental - insuzance 4,000.00 4,074.66 74.66 i Pro rata share of utility administratir,n expenses: Salaries and wages 12,067.33 11,421.94 (64 .39) ^ Supplies Maintenance 916.6'7 97:89 58.22 233.33 13. 42 (93,91) Equipment rental 266.57 266.67 - Other services 17,683.33 210974.91 41291.58 Capital outlay 3,271.67 2,262.64 (1,009.03) 34,439.00 37,040.97 2.601.47 Transfezs to 7eneral Fuud - adre?.nistration services 63,585.94 63,585.94 Provision for uncollectible wecounts 14,788.94 14,788.94 Total expenditures 693,021.94 6950768.60 12,746.66 Deduct capital expenditures and contract payment for Garza-Little Elm Reservoir 123,036.67 181,991,76 58,955,09 Expenditures crwrEed against opezating income $ 559,985.27 513,776.84 (460208.43) .p 'i t Water and to : ;r:d Schedule of Lorit-term Debt - Water and .ewer Revenue Ponds Septer;ber ?0, 1967 ` L,sue date . f Series 196C, 4.0 to &.0't July 15, 1960 I ` Series 1962, 3.0 to ;1.46% lr January 15, 1962 i i Ses'ies 1954, 3.0 to 9.4 July 15, 1964 j M M Series 1066, 3.3 to 4.-1 i Jar.~.ary lb, 2966 i r.. r r,l 1. I~ 9 fe 1a 'e ~S3 i R 1 f4 r~ Bonds t-I%turin'{ date= of Amount of outstanding bonds outs+.vr,ding at original September 30, SOcptember 30, 7067 issua Redemptions 1967 n Serially in %atying am4nmts from July 15, 1968 to July 15, 1990 (option July 1E, 1975) $ 1,700.000.00 126,000>00 1,580,000.00 Serially Jr, varying amounts r+ from July 150 19C8 to July 15, 1990 1,000,000.00 :05,900.00 895,000.00 $15,000.00 annually from July 15, 1965 to July 15, " 19749 $10,000.00 annually I from July I5, 1975 to July 15, 1984 250,000.00 451001..00 205,000.00 $50,000.00 arnually from July 15, 1969 to July 15, 950 000.00 1985 1^,000,000.00 50,000.00 , 17 $ 3,950,000.00 320,000.00 3,630;00 ri if ~a fi 1 y ,t son~d<<h 6 GIi i OF D Tlx:+, i'EXAS 'dilter grid S~,wer Sylat; Ftai Schu9i1E, vl P:nd and Interest R?gdrerx,nts 5e ytei-ker 30, 1907 Yenr ending SsteT.ber 3U, Lr-I canal Interst Total 1968 130,()00.00 134,312.50 264,312.50 1963 135,000.00 1.0,862.50 263,802.50 1970 140,000.00 123,7.62.50 263 1071 140,000,00 117,650,00 257,650.00 1972 145,000.00 112,500.00 257,500.00 1973 145,000.00 107,500.00 252,500.00 1c74 150,000.00 102,500.00 252,600.00 19'15 150,000.00 97,300.00 '47,300.00 ' 1976 1551000.03 ?2,075.00 41,525.50 1978 1550000.00 60 527.50 1609000.00 800930.00 240,930.00 1979 1650000.00 759132.50 240,132.50 ~ 239,167.50 h 170 000.00 69,.97.50 1980 1981 170,000.00 62,992.50 232,992.50 1982 160,000.00 5,75.0 236,767.50 1.9b3 180,000.00 500,1775.000 230,175.00 1984 185,000.00 430577.50 2280577.60 E ` 7965 1.80,OW.00 36,780,00 216s780.00 1986 185,000.00 30,100.00 2150100.00 1987 145,000.00 23,220.00 168,220.00 1986 150,000.00 171720.00 1670720.00 1989 155,000.00 11 935.00 166,995.00 1990 1600000.00 6,097.50 166,097.50 3,6301000.00 1,66'1,045.00 5,297 045.00 ~e Pte, ~A ay +1 ' ft ' a~ RI 39t 1. schedule 2 W CITY OF K.ti1'O:J, TEXAS / Schedule of Changes in General Mod Assets - by Sources PAN Yew ended Apter.,ber 30, 1967 M Improvements other than uildires Total +nd Buildings Balance, S-ptn&er 30, 1966 $ 41203,041.63 608,711,19 _583,345.32 3,010,985.12 Add: Expenditures from Fond Funds 1,033,276.43 5,530.31 589,565..1 438,181.01 Expenditures from General Fun 498,597.96 272-00.00 155,380.23 70,717.73 1,53107409 2789030.31 744,945.34 --501089S.74 Less assets sold 2471,79500 170,000.00 770795.30 - Balance, September 301, 1367 5,48Y,120 72 716,^,41050 1,250,495.36 3,51919883.86 ra t W If J t l if •t s . S u d i ; 1 (J Ir tk.i I Schedule 10 CITY OF DENTON, TF.KA.°, Schedule of Change, in General Fixed Aseete - by Function; and Activities Year enlcd SeZember 30, M, Balance Balance September 30, September 30, 1966 Additions Hetirementg 1967 General government: Staff agencies: - Administrative offices and boards $ 11224.00 132.92 - 11356.92 Finance 71?.77.00 - - 70277.00 Law 2,325.00 437.76 - 21762.76 Engineering 14,742.00 560.91 - 15,302,91 " General government buildings, land and other 701,606.00 8971373.24 247,795.30 11351,183.94 r Utility accounting 266.00 1,337.01 - 1,603.01 Total general government 727,440.00 899,841.64 247,745.30 1,379,486.55 Public safety; Police protection 3,973.00 308.24 - 40281.24 Fire protection 142,279.00 3,095.85 - 145,374.85 Civil defense and safety 941.00 9,372,35 10,313.35 Total public safety 147,193.(0 12,776.44 159,969.44 i Streets and highways 20698,953,00 438,820.32 - 3,137,773.32 Sanitation and waste removal 540475.00 10,46 - 54,485.46 Health and h6spitals 1500000,00 - - 1501000.00 Libraries 50,000.00 34,496.69 - 84,496.69 Parks and recreation 269,831.00 22,384,95 - 2920215.9.5 Airport 105,149 63 123,543.63 228,693.32 sr ' $ 4,2031041,63 1,5310874.39 247,795.30 5,4870120.72 , ca z1 ~F ~t t r~ e~ a; r l I f r[ 141, ti Schedule 11 CITY OF UENTON, 1'E%A5 Schedule of General Fixed Ae~et: - try Fvnetions and Activities 8epten.b, r 30, 1937 Improvements other than Total Land Buildings buildings General government: Staff agencies: Administrative offices and boards 1,356.07 - - 1,356.92 F+nance 70277.00 - - 7,277.00 Law 21762.76 - - 21762.76 Engineering 15,302.91 - - 15,302.91 General government buildings, land and other 1,3510183.94 EN ,E83.00 605,850.35 200450.59 Utility accounting 1,603.01 1,603.,01 Total general government 1,379,486.54 524,883.00 605,850.35 48,753.19 Public, safety: Police protection 41281.24 - - 4,281.24 ~i Fire protection 145,374.85 19,849.00 78,136.00 47$89.85 { Civil defense and safety 10.313.35 - - 10,313.35 Total public safety 159,969.44 19,849.00 76,136.00 61,984.44 Street: and highways 3,1370773.32 5,530.50 - 30132,242.82 Sanitation and waste removal 54,485.46 180479.00 - 36,008.46 P7 Health and hospitals 150,000.00 - 1500000.00 ± Libraries 84,496.69 - 64,496.69 Parks and recreation 292121S.95 83,000.00 5,460,00 2030753.95 Airport 228,69312 65,000.00 126,552.32 37,141.00 w $ 5,4871120.72 716,741.50 L:2=10 411.,113,519 f's 1 t1 , r r a qRq ~lh CITY OF DE1r'TON, TGXAB Scn Jule of Ceneral Bon]: loy-ible deptembez 311, 1:67 Issue date Fire Station Improvetent Bonds - series 1929, 56 July 1, 1929 Park Purchase and Improvement Bonds - Series 19:9, 5,6 Jul), 1, 1929 Street Improvement Bonds - Series 1929, 5'% July 1, 1929 Library Building Bonds - Seises 1947, 2-1/2R November 1, 1947 Street Improvement Bonds - Series 1949, 3-1/4% March 1, 1946 N Street Improvement Bonds - SerieF 1960, 3-1/2 to 3.85% July 15, 1960 I Street Improvement Bonds - Series 1962, 2-3/4 to 3-1/5% March 15, 1962 General Obligation Bonds - Series 1963, 2-1/2 to 3-1/4£ March 15, 1963 Permanent Improvement Warrants, 2-3/4 to 2,88% April 15, 1963 General Obligation Bonds - Series 1964, 3 to 5,6 July 15, 1964 Park Improvement Bonds - Series 1964, 3 to 5% July 15, 1964 r r„ General Obligation Bonds - Series 1966, 3.3 to 5'% January 15, 196E Airport Improvement Warrants - Series 1966, 4-1/26 December 1, 1966 4 i b7 r i n .Y!. F•i fY Y.•~ Sc'rkF le 1?_ Mituring dates of Amount of Bonds to%JF; outstanding ht original oitstanding September 30, 1967 isue RsjempLions September 30, 1967 $1,000.00 rr,aturinC July 1, 1968, $20000.00 maturing July 1, 19v9 $ 30,000.00 27,000.00 31000.00 $1,000.00 maturing; July 1, I968 and July 1, 1969 18,000.00 160000.00 2,000.00 $2,000.00 maturing July 1, 1:38 ;tii and July 1, 1969 57, 33,000.00 4,000.00 $26,000.00 nsaturinb May 1, 1968 and May 1, ]939 60,000.00 - 60,000.00 $26,000.00 maturing March 1, 1968 and March 1, 1969, $:00000.00 maturing March 1, 19'0 and - March 10 1971 1:0,000.00 1b0,000. W $25,000.00 maturing annually July 15, 1968 through July 15, 1985 600,000.00 150,000.00 4500000.01 $20,000.00 raat,.ring annually March 15, 1968 through March 15, 1967 5000000.00 100,000.00 400,00',.00 $20,000.00 maturing annuslly March 15, 1968 through March 15, 1988 5000000.00 80,000.00 420,000.00 Serially in varying amounts from April 15, 1968 through April 15, 1976 3050000.00 30,000.00 275,000.00 Serially in varying a,aounts from i July 150 1968 through July 15, 1982 800,000.00 300000.00 770,000.00 $10,000.00 maturing annually July 15, )368 through July 15, 19780 $15,000.00 maturing annuslly July 150 1973 th-:ugh July 15, 1982 200,000.00 30,000.00 170,000.00 $25,000.OC maturing annually January 169 1966 through January 15, 1971) 150,000.00 mvituring annuslly January 151 1 Op0 000.00 1972 through Janusiy 15, 1986 12000,000.00 - r Serially in varying amounts from Decvmber 1, 10,65 through December 1, 1981 1131500.00 - 113,500.00 $ 4,303,500.00 496,_ 000.00 3,807,500,00 r~ a I n; TJSch=du o 13 4 A f hY OF liEN'iU:, TEXAS 8chc-j of G rri1 Bon,4 end Irnt~tr ?t A.-,~ Lrc~cor,t5 S_ptecler 30, 1967 Year ending September 30. Pr iricirel Int~rc3t Tot^n1 1988 189,000.00 127,850.00 3160850.00 1969 195,500.00 118,477.[10 313,977.50 1970 2060000.00 1100,065.00 3160965.00 1971 211,001.00 104,144.00 2150144.00 1972 238,000.00 97,200,06 335,290.06 ^ 1973 243,000.00 89,567.50 332,587.50 1974 248,000.00 81,912.50 3290912,50 1975 249,000.00 74,047,50 323,047.50 1976 249,000.00 66,135.00 315,135.00 1977 2109000.00 58,1.02.66 2680102.56 11,78 210,000.00 51,165.06 261,165.06 1979 210,000.00 440215.06 254,215.06 1980 206,000.00 37,167.56 2430167.56 1981 207,000.00 300212.56 2379212.56 1982 2010000.00 23,315.06 224,315.06 1983 125,000.00 16,651.56 141,651.ES 1984 125,000.00 12,315.00 137,315.00 4 1985 125,000.00 7,972.50 132,972.50 1986 100,000.00 39630.00 1039630.00 1987 400000.00 1,295.00 41,295.00 1988 20,000.00 325.00 20,325.00 $ 3,807,500.00 1,156,775.98 4,964,275.98 I e -A E fW ssky r K■■F* r r..li ~iC[1e~J14, Cont. CITY OF DENTZ, TEXAS 1 Ccn~lnuai ~.nn^_liulF ng' ITi'destn'.'.rnt=, s 1ntl.re: G XAtuIity rate date Amount Electric F!ln'11 Contin~~d Resew;; Account Time ccrtit'ieate:: of 10osit: 1/4% lO- 1-6, 10,000.00 Denton Federal Saving;. and Loan As:ocintior, -4 10 i 10,000.00 North Teri avints and Lean &Srociation 1_ 1_b 857,000,00 r Upon time deposit - Fir:,t fate Rank of Dtr,t,n 4 87710000.00 U. S. Government obligations' 00) 5 11-15-'i0 70,809.00 U. S. Treasury Notes (quoted market $7:,100131.,.,) 4-1/Q 11-15-73 44,700.13 U, 5, Treaaury Bonds (quoted market 4 , $ 124,593.13 Watea and Stover Svs~T?d -''YSy,tem Fund I Time certificAte: of deposi+.: 10- 1-67 $ 10,000.00 Denton Federal Savings and Loan Association 5-11/4% W- 1-67 '0,000.00 North Texas Savings and Loan Association Open time deposits,: q 10-25-67 1501000.00 First State Bank of Denton 67 10,000's # First State Bank of Denton q q 111--,177--68 300,000..00 x' First State Bank of Denton 570 000.00 I Cot etructior~ Bond Fund M open time deposits' 4 10-22-67 150,000.00 First st State Bank of Denton 1- 1-68 600.000.00 4 First State Bank of Denton 750000 00 ! Interest and 3lnkint Fund Cpen s:,ce deposits: q 10-12-87 20,000.00 First State bank of Denton 4 12-25-67 4__6,720-_.00 First State Bank of Denton 66,700.00 Continued 1 1• 1 „...404 , 4 Schedule. 14, Cont. ti CITY OF DE;NTON, TEM", 5chejule of InvestM_M3, continued Interest AMR)' rate We Amount Water and Sewer System Fund, Continued Reserve Fund Time certificates of deposit: Denton Federal Savinge and Loan Associatior, 5-1/4% 10- 1-67 $ 10,000.00 North Texas Savings and Loan W ociation 5-1/4 10- 1-67 10,000.00 Open time deposits: First State Bank of Denton 4 10-25-67 50,000.00 First State Bank of Denton 4 12-25-67 13,500 00 First State Bank ai Oe,`on 4 1- 153 154,000.00 233?.500.00 i J 1 I ® Lchedule 14 P CITY Cr' 7esVTOP , THAS f SchEdule of 1nvc tmI--nt5 oe,ptcnbe_K, 1:167 Interost Maturity rate date Amount General Fund Tim.. ctrtific,rtea of deposft: Denton Fez rr1 Saving,,; xini Loin A>_•ocintion 5-1/4,6 10- 1-67 North TE•xn tnving ar,d ?,n+n A ocll;tion - 1 10,000,00 Opcn time depos lC it - F11-:,t State Hank of' ll nton -67 10,000.00 4 _ 10-1e-67 200,000.00 220_1 p00 00 Bond Fur,dn Street Improvelr•rt Tine certificates of depo Denton Federal Savings ani Losn Associatior, 5-1/4,6 10- 1-67 $ 10,000,00 r North Texas 5avir;gs and Loan Association !r 5_1 4 10- 2-67 10.000.00 _20,000,00 Fire Open time deposit - First State Bunk of Denton 4 1I-17-67 $ _11,fO0.00 Fe,rk and Recreation 4 I Time ceitific.ites of deposit Denton Federal Sayint,s a;'d Loin Association 5-1/4% 10- .l- 7 North Texas Savings and Loin Association 6 17,000,00 5-1 4 20- 1-67 10,000.00 _27.000.00 Library Building - i Open tine deposit - First Sate Bnnk of Denton 4 10-26-67 $ 84,000.00 Municipal Duildir;g Open tinE, deposit - First State Eunk of Denton 4 % 11-1.7-67 $ 250,000.00 Motor Pool F_un'3 Time certificates of deposit; Denton Federal Savinge and Loan Association 5-1/4;% 10- 1-67 North Texss Savings and Loan Association 5-1/4 10- 1-67 10,000.00 Open time deposit - First State Bank of Denton 10,000.00 4~ 10-25-67 100,000.00 $ 120, 000, p0 Continued ~i:~~~~~l~HV'h' ~'~;o~l~ee sit • t~ I I Schedule 14, Cont. CITY OF DFITUN, nus Gehoduleof InverLr^,:ot~, Centima~=d Interest "!AtuIIty rate Bite Amount Trust, Agency and '{ieceJ.la;;=oua Funis Firemen's Pen,:ion Fund Time cvitificatrso of d~-posit; Denton Federr,l Savings and Lose A°cociatior, 5 % 10- 1-67 10,000.00 Denton Federal Savings and Loan Associatioa 5 6-30-68 51000.00 North Texas Savings and Loan Association 5-1/4 10- 1-67 L5 ,000, 00 " Colonial Saving-, Rnd Loan Association 5 1- 1-68 100000,00 Republic Snvings and Loan Association 5-1/4 1- 1-68 15,000,00 American Savings Association 5-1/4 1- 1-68 150000.00 Farm and Nome Savings Association 5 1 1-68 10,000.00 j Mutual Savings and Loan Association 5 1- 1-68 10,000.00 Savings account - Decatur Savings and Loan Association 4-3/4 - 15 000.00 Common stock (at cost which approximates market value): Bank of America - 25 shares 10516.85 Standard Oil of New Jersey - 25 shares - - 1,567.35 National Dairy Products - 25 shares - - 917,16 General Foods Corporation - 25 shares - - 1,952.41 $ 110,953.77 Electric System Fund System Fund Time certificates of deposit: Denton Federal Savings and Loan Association 5-1/4% 10- 1-67 $ 100000.00 North Texas Savings and Loan Association 5-1/4 10- 1-67 10,000.00 Open time deposit - First State Bank of Denton 4 1- 1-68 3001000.00 $ _320,000,00 Interest and Redemption Fund Time certificates of deposit: Denton Federal Savings and Loan Association 5-1/4% 10- 1-67 $ 10,000.00 North Texas Savings and Loan Association 5-1/4 10- 1-67 100000.00 Open time deposits: First State Bank of Denton 4 10-11-37 255,000.00 First State Bank of Denton 1 10-17-67 174,500,00 First State Bank of Denton 1 10-22-67 162,600.00 First State Bank of Denton 4 10-25-57 105,000.00 717.100,00 Continued IJ~A.YW}iY M1..G J yIy:N F„ t... , 1 1 K9P1Y CITY CF DFMOA, TEXAS Sch,Aule of In.=urance in Fora.: Deptember 30, 11?67 Policy Expitation ln~ut'Ing company number date T'rav,-lers Insurance Corip ny RK2139577 10- 1-67 Commercial Insurance Company F6006359 10- 1-70 - Commercial Insurance Company F6006360 10- 7-70 Gulf Insurance Company GA5300273 9-10-68 i ~ r5 f ~ P i I t ~Gulf Insurance Company SFC5154072 12-i8-59 ei , The Home Insurance Company N326311 ID- 1-69 Kt 11 a1 t~ The Home Insurance Company NB513727 Continuous 1+ Firemen's Insurance Company SP6097530 11- 1-69 fi ey i~ s , R j 6) Rfiahy cche3ule i5 Coverai'r- Amount or limit Gerc_ral boiler ani cnchinci : Steam power punt $ 29000,000.00 DIE---el poucr plant 5000000.00 Other t:lectrie and water facilities 395,000.00 ldanicipl builiing 50,000.00 Fire and extended coverage on utility systems buildings and contents 12,4001000.00 90,% coin3•.irance Fire: -:r.d extended ro,rerage on baildinE;s and contents not otherwise covered $ 1,643,500.00 90% coinsurance i I Public liability: II General: Bodily injury 501100,000.00 Property dar.,age 5/25,000.00 Autor,obSle: 50/100 000.00 ± Bodily injury S,OOG.00 Property damage ' Ribb•ory: 2, 000.00 Inside pr.,mises 1,665.00 Outside premizE.; Faithful performance bordl i2, 500.00 City Manager 0.00 Fnanc_ Director r2r.,,50500.00 Each employee Faithful perfornsnce bond - Tax Assessor/Collector 100000.00 Utility accounts receivable - destruction Af records 3350000.00 r~ , Il Sch~dula 16 CITY OF i E TU: , TMX 3 r Supplemental Infon:atioc~ JJ Sente~rber 30, 1:;67 n3e9 ~1E3r t Electric System UrIJ Computation of d,?bt coverage: 1,531,0:3.35 System income available for dEbt, service - re~uirer,:Ents 803,290.75 Averaga annual debt service d I.S8 Debt service coverage Statistical information: Number of m^.ters in service at 10,750 September 30, 1567 J Electric production (kwh) for year 217,275,500 i ended September 30, 1967 Water and Se er System Fund Computation of debt coverage: $ 530,669.43 System income available for debt service 230,306.30 Average annual debt service requirements 30 Debt service cover3Se Statistical informations g,76p Number of meters in service at Sept Water production (1,000 gallons) for year ended September 30, 1967 1 1 590 000 - J h,d"14 CITY 04 D ~f0:, TBX9S Assees«d Value anci Estimated True Value of All Taxatilc Fioperty Ten y:=ars ended 2eLLember 30, 1967 Rest property Year ended Tax Assessed Estimated September 30, roll year value true value 19;,8 1957 $ 2n, 869,089 59,625,969 1x59 1:58 220139,651 62,177,143 1960 1959 2.,544,524 67,2709069 ~ 1961 1960 26,193,240 640781,095 1962 1961 29,536,418 73,841,045 1963 1962 3201670638 80,419,095 w 1964 1963 36,1051470 909263,675 1965 1864 39,713,490 99,283,725 1966 1965 420978,610 107,9480525 >w 1967 1066 47,903,190 118,5071975 k r" f R too s .+r. f a•.n^•ay Table I w w Ratio of total assessed 9ersonal property Tote], value to As es=_ed E5tinste3 Aeses.'ed Estimated estimated value true value value true •.alue true value 6,024,820 17,2130771 26,893,909 76,839,740 35% 5,938,393 17,537,143 %8,078,634 80,224,668 35 69021,973 17,205,623 29,566,497 840475,705 35 6,973,065 16,716,993 3':,166,305 82,915,762 40 7,2381756 181096,890 36,775.174 910937,935 40 70779,232 19,448,060 39,946,670 99,8670175 40 7,2300770 18,076,925 43,336,240 106,340,600 40 8,836,110 22,090,275 48,549,600 121,374,000 40 9,494,99` 23,7360237 52,473,105 131,182,762 40 11,255,6E5 28,139 212 SJ16581675 146~697~187 40 i ] rW •r A/ .j rt .i u7r.~, a>a~ CITY CF Dz bJTON , TE,"' Tax Pates and Tax Lc-vies Ten years ended Member 30, ]a67 Tax ~aiuations roll Feal Pei onal Yeas ended ro ert kert. Total September 30, year Z- ro 1958 1957 $ 20,869,082 6 +A 820 26,893,909 5 1958 22,139,651 933 287078,634 19..9 1060 1959 23,5441524 600210973 29,566,497 . 1961 1960 26,193,240 6,973,055 33,1669305 1962 1961 29,536,418 7,238,756 3627750174 1962 32,167,636 7,779,232 39,9463870 1963 1963 360105,470 79230,770 43,336,240 1964 1964 39,713,490 .,836,110 48,549,600 i~065 1966 1965 42,9789610 9,494,495 52,473,105 1967 1966 479403,190 11,255,685 58,658,075 E I i Tax Rates I The constitutional and statutory tax rate limit, including debt service, is $2.50 on each 8100.00 of assessed valuation. Tax Due Dates and Penalties Taxes are due on October 1 and become delinquent on February 1. Taxes may be p paid in two installments, one-half by December 31 and the balance before ` March 31. Penalties due on delinquent taxes accrue: February 2%, March 5$, April 6%, May 7%. Interest on delinquent taxes, in addition to penalties, is accrues at the rate of 1f2% per month. No discount is allowed for early st ; payment. RI t h~ Yl:z".Y M Table 11 to L4 Mi IM _ Taxes levied for _ rr Tax Total General Fund Sinking Fund rats tax levy Rate Amount Rate Amount 1.50 403,409 1.17475 315,936 .32525 87,473 1.50 421,179 1.177587 330,649 .322413 90,530 w 1.50 443,41-7 1.27 3759494 .23 68,003 r l 1.50 497,494 1.14 3780096 .36 119,398 r 1.50 561 628 1.06 389,817 .44 161 811 1.50 599,203 1.075 429,429 .425 169,774 11 1.50 650,044 1.178 510,501 .322 139,543 j 1.50 7280244 1.03 500,061 .47 228,183 1.50 7870096 1.055 653,b91 .995 2330505 1.50 879,883 .9825 576,323 .5175 303,560 - t i n "Ilk E? l IAN] l WI CITY OF' DFNTC:+, TnXAS Tax L.vie: ur,d Tax Collection- Ten yc!ir.7 ende,i S._ptcmbe.r 30, 1967 Collection of Year ended Total tax current year': Percentage of levy September 30, lea taxes during yeur collected during year T 1958 ~ 335,909 365,7&0 92.3?', F 1959 418,500 369,625 93.10 1960 443,497 415,595 93.71 1961 460,450» 462,634 96.29 1962 '439807* 501,956 91.30 1963 6980710* 545,358 91.09 1964 648,283* 608,596 93.88 f ` 1%5 722,718* 65311+7 94.52 o~ 1966 785,322* 132,325 93.25 1967 877,537* 611,554 92.47 i 4 3. *Total tax levy figures for 1961-1967 are adjusted to include debit and credit ~d memos and their effects. Staeistics unavsilable for prior years. t t~ ww nr~ r_ Table III ti 6M I bra 1 ki li i Ratio of Collection Ratio accumulated of prior or total Accumulated delinquent years, taxes Tctal collections delinquent taxes to current ~w during year collections to tax levy taxes year's tax levy i. 8,725 374,505 94.599 100,152 25.30% c~ 44,025 433,630 1.03.62 85,022 2C.32 190951 4290546 96.85 99,400 22.41 I ~ 37,774 500,108 104.15 969486 20.08 200320 522,276 94.99 117,989 21.46 i ? 22,666 568,024 94.87 149,168 24,91 43,806 652,402 100.64 146,952 22.657 +i 42,529 725,666 100.41 137,077 18.97 I 23,849 7569174 96.28 165,702 21.10 1 F'! 38,566 8509120 96.86 166,797 21.29 J ~ iF i YZ 0 r 14 k i ry . ' Rbd14Y 1 axu Table IV CITY OF DiITON, Tc%A9 Ratio of ?let 6eneial Bond,d Debt to As~eree3 Value t,nd .Net ponded Debt per Capita Ten years ended S.Lptember 30, 1967 I I h rret L ss bonded debt Gross sin'.tinr, Net Ratio co year ended Fop- Assessed bonded fund bonded assessed Per September 30, ulation vall,:atInn debt as:et_ debt Valuation capita 1958 30,000 26,393,909 801,000 :6,406 '1640524 2.90;% 25.49 1959 31,014 27,900,000 741,000 43,260 697,740 2.50 22.50 1960 26,644 2905660492 1,236,000 351607 1,200,193 4,06 44.71 1961 28,000 3215939211 11152,000 400552 1,1112148 3141 39.68 1962 261240 36,775,174 1,5661000 61,721 195043279 4.09 53.27 E 1963 30,117 3999460870 20263,000 84,362 20178,638 5.46 72.33 1964 32,082 43,336,240 3,1330000 260211 31106,789 7.17 96,64 1 1965 320998 48,549,600 2,9399000 - 2,999,000 6.18 90.91 1966 36,000 52,473,105 3,6470000 311 3,646,689 7,33 106.85 1967 3500 5,658,875 3 807 500 6 190 3!28t 310 6.48 98.74 41 a~ i 6 ',1 i Table V 04 CITY OF DrTON, TBK.t: Statement of Debt M+rD,in Septumbe30, 1267 Assessed value E8,658,8"5 Debt limit - 10€ of assessed value (note) 8 5,865,887 W Net bonded debt (exclusive of Revenue Bonds) 32501,310 M Debt margin 2,069,577 i~ i i it Is i M If !i e ,i Note - Tie City of Denton, Texas has no legal debt limit under Texas law. However, 101 is generally accepted as a safe margin. f r gNfiH1 'Fsble VI II~ CITY OF JK. 7O;;, 3'E 4 l Statoment of bir~ct and Gveri-,ppirg Dabt Septumber.'n0, 1967 Fel'centae of debt Gros applicable Municipality's debt lees to this share of h'*'e sir.kinf; funde municipality debt City of D,_nton, Texa $ 3,601,310 100.00 ~ 30801,310 Denton Independent School District 6,543,079 81,87 5,356,819 Denton County 1,496,fi0ti 42.37 Total direct and _ 6;7,105 overlapping debt 11 ^ $ 640 99; 82_725 $ 9,795-,234 I I i "i a y~ t !a i W ti Table VII CITY GF DENTLU, TEXA, 'I y hliscellar,cou=. St•;ti.ticai Dnty September 3O, 1967 Area of City 22.76 square miles Date of incorporation September 26, 1866 Form of governmc;nt Council - manager Total City employees (excluice of police and firs cepsrtisEnts) 243 Fire protection 44 fireman, 4 fire station- Police protection 36 policemen i 1963 1964 1965 1966 1967 Estimated population 300117 32,082 32,998 36,000 38,500 Tax rate - per $100 valuation $ 1.50 1,50 1.50 1.50 1.50 Assessed valuation $ 43,336,240 48,549,600 52,4720105 58,658,875 61,589,916 Electric production (KWH) 128,4489600 142,6490120 159,6101820 198,346,800 217,275,500 Electric customers 91644 9t 69.1 91958 10$86 10,750 Water production (11000 gallons) 10426,210 1,458,482 1,469,010 1,507,456 1,590,000 Water customers 8,995 9,209 9,317 9,602 9,750 General Fund revenues $ 1,0800387 1,222,685 1,390,366 1,504,474 29021,888 General Fund expenditure: $ 9620171 100°80338 1,2441503 1,664,649 2,054,773 I 1 is tj } t r it f~ e t1 If S k~