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Annual F1 nanc al Report
1967-1968
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C11'Y 01'DENrON, TEXAS
Tablc of Cements
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Account tnLs' Report
PART I
Exhibit
Condensed Balance Sheets All Funds, September 30, 1968
A
General Fund
Balance Sheet, September 30, 1968
B
Statement of Revenues, Fxpendi`ures and Encumbrances and
Fvnd Balance (and Comparison Budget), Yeas ended
September 30, 1968
C
Deb[ Set vice Fund
Balance Sheet, September 30, 1968
IF ~ ~ D
Statement of Revenues, Expenditures and Fund Balance,
Year ended September 30, 1968
E
Special Assessment and Cayital Pro eels Funds
Combined Balance Sheets, September 30, 1968
F
Combined Statement of Fund Balances, Year ended
September 30, 1968
0
Electric: System Fund
h
Balance Sheet, September 30, 1968
H
_ J Statement of Earnings (and Comparison with Budget),
Year ended September 30, 1968
I
,s Statement of Retained F, ,L;ngs, Year ended
S
eptenbt- 30, 1968
J
Water and
Sewer System Fund
Balance Sheet, September 30, 1968
K
Statement of Earnings (and Comparison with Budget),
Year ended September 30, 1968
L
Statement of Retained Earnings, Yenr ended
September 30, 1968
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CITY OF DENION, TEXAS
Table of Contents1 Continued
PAkT 11_241'INUEi)
Exhibit
lotor Pool Fund
Balance Sheet, September 30, 1968
N
Statement of rarntngs and Retained Earnings and
Investment, by Other Funds, Year ended
September 30, !968 0
Working Capital Fund
Balance Sheet, September 30, 1968
P
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Statement of Loss, Year ended September 30, 1968 Q
Statement of Irvestnents (Deficiencies) by Other Funds,
Year ended September 30, 1968 R
Trust, Agency and Miscellaneous Funds
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Combined Balance Sheets, September 30, 1968 S
,
Combined Statement of Fund Balam;es, Year ended
1 September 30, 1366 T
Statement of General Fixed Assets, September 30, 1968 U +
Statement of General Long-term Wbt v
?Dotes to Financial Statements
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CITY OF DENLUN, '[F,x:hS
]sable of Content s,_Cnnttnued
PART' 11
Schedule
General Fund:
Schedule of Other Rercnues (and Ckimpsrison with Budget),
`iear rndcd Septembei 30, 1968 1
Schedule of Expenditures and Encumbr3nccs (and Comparison
with Pudget), Year ended September 30, 1968 2
- Electric System Fund - Schedule of Expenditures (and
Comparison with Budget), Year ended September 30, 1968 3
Water and Sewer System Fund - Schedule of Expenditures (and I
Comparison with Budget), Year ended September 30, 1968 4
Ceneral Fixed Assets:
Schedule of Changes in General Fixed Assets - by Suuices,
F I l Year ended September 30, 1968 5
Schedule of Changes in Ceneral Fixed Assts - by Functions
and Activities, Year ended September 30, 1968 6
Schedule of General Fixed Assets - by Functions and i
Activities, September 30, 1968 ) '
Schedule of Bonded Debt, September 30, 1968 8
Schedule of General Obligation Bond and Interest RcgtlirEmerits,
September 30, 1968 9
I` Schedule of Flectric System Revenue Bond and Interest
Requitements, September 30, 1968 to
Schedule of Water and Sewer System Revenue Bo d and Interest
Requirements, September 30, 1968 11
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i~ Scbedule of Bonds Authortzcd and Unissued, September 30, 1968 12
Scbedule of Revenue Bond D_bt Coverage, Year ended September 30,
1968 13
Schedule of Investments, September 30, 1968 14
Schedule o' Insurance in Foru September 30, 1968 15
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CI1`Y OF DENTON, TEXAS
Table of Contents Continued /
FART III
Table
Assessed Value and Fstimated True value of All Taxable
1968 I
Property, Ten years ended September 30,
It
Tax Rates and Tax Levies, Ten years ended September 30, 1968
Tax Levies and Tax Collections, Ten years ended Septembei 30, 1I1
1968
i Ratio of Net General Bonded Debt to Assessed Value and Net IV
Bonded Debt per Capita, Ten years ended September 30, 1968
V
Schedule of Debt Margin, September 30, 1968
Schedule of Estimated Direct and Overlapping Debt, September 30, VI
1968
k VI1
Miscellaneous Statistical Data, September 30, 1968
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CitY of Denton Ahluitip(tl ffidldinq, Denton 7+ms 76201
PM
January 31, 1969
Mr. Jim White
City Manager
City of Denton
Denton, Texas
Dear Mr. White:
The ra,nual Financial Report of the City of Denton, Texas, for
the fiscal year ended September 30, 1968, is submitted herewith.
A Certificate of Conformance is awarded by the Municipal Financial
Officers Association of the Uni-Lv"' States and Canada to those
governmental units whose annual financial reports are judged to conform
substantially to the standards promulgated by the National Committee
on Governmental Accounting. The Annual Financial Report of the City
of Denton, Texas, for the fiscal year ended September 30, 1965, was
awarded a Certificate of Conformance on February 15, 1966. It is
believed that this Annual Financial Report continues to comply with
t these standards to the same extent as the report for which the
Certificate was awarded,
All financial statements and related schedules contained in
this report are directly from the books and records of the City
w and accurately reflect the financial condition of the City at
September 30, 1968. This report covers all phases of the City's
financial operations with the major sections of the report being the
General Fund, the Electric Fund and the Water and Sewer Fund,
The City Charter requires an annual audit of ,,11 accounts of the
City government by a Certified Public Accountant who shall have
it no personal interest directly or indirectly in the financial affairs
r of the City government. This provision of the Charter has been
fully complied with.
Respectfully submitted,
W. H. Bryant
Director of finance
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THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
0r THE UNll'ED STATES AND CANADA i
ctrtifitg Opt
THE ANNUAL FINANCIAL REPORT OF ~
_ 'The City of "Denton,, `Texas
For the. RscaL )k-)tL - Ciidsz& September 3q, 1g65
CONFORMS TO THE PRINCit'LL.i AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
Ounicipaf ifinanct Offictrg 010gociation
ANO THE
Pationaf CommUttt on gobtrnmtntat Occounting
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Prern,ed Fibruary rs, 1949.
eL cmmill 04 Ac
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/ LretViea Direlor
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PEAT, MA1MICl{,M 1TCtlF'I &k- CO.
CERTIFIED PUPIIC ArCOIINTANTS
ur 14000 UNE MAIN PLACE
DALLAS. TEXAS 73250
The City Council
City of Denton, Texas;
We have examinad the financial statements of the several funds I
of the City of Denton, Texas as listed in Part 1 of the accompanying
table of contents. our examination was made in accordance with generally
accepted auditing standarOS, and accordingly included such tests of the
accounting records and such other auditing procedures as we considered
necessary in the clrcumstan,es, except as stated in the following
para- graph.
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Due to significant weaknesses in the system of internal control i
in the Working Capital Fund, we were unable to obtain sufficient competent
evidential metter to formulate an opinion on the financial statements of
that fund. Therefore, we do not express an opinion on the balance sheet
" of the Working Capital Fund as of September 30, 1968 or the related state-
nients of earnings (loss) and investments (deficiencies) by other funds for ;
the year then ended.
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The utility plant in service of thr Electric System Fund is
recorded at the appraised value of reconstruction cost new, less drprecia-
tiro, as described more fully in note 2 to the financial statements. The
recording of appraised values of fixed assets is not in accordance with
generally accept•od accounting principles. Accordingly, in cur opinion,
the $4,568,339.40 unrealized increment in valuation of utility plant in
" service should be deducted from the $20,820,'/91.19 utility plant in service
in the accompanying Electric System fund balance sheet and in the condensed
balance sheets - all funds.
In our opinion, except for the effect, if any, on net earnings of
the amount of equity In loss of the Worktng Capital fund in the statements
of earnings of the Electric System Fund ($26,563.41) and the Water and
I Sewer System Fund ($23,204.93) as to which we have been unable to SLt-fv
ourselves (see second preceding paragraph), and except for the need to
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~y deduct the unr a1izcd increment fivm the appraised value of utility plant
T in service in tli accompanying balance shccts (see preceding paragraph) i
and the method of recording tax and assessment revenues and rccet,ablcs l
descrihed in note 1, suet; financial statements, exclusive of those of the
'Dorking Capital FiirLd, present rairl.; the financial position of the several
funds of Lhe CiLV of Denton, Tczas at September 30, 1968 and the results {
of their opcratfar.s for the rear then cndid, in a c,ordance with generally
acccpLad accounLint,, pcincipivs dpplaco on a haSLS ~ou:+fstcnt with that ^f
the preceding year.
The current year's rupplementary data inclAed in Schedules 1
through 15 have been sut>jccted to Cie same auditing procedures and, in
our opinion, are stated fairly in all mnteaial respects when considered
In conjunction with the basic financial statements taken as a whole.
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During the -:curse of our examination, we obtained no knowledge I
of any violations of the accounting restrictions imposed by the varlous
:evenuc oond indentures except as explained in note 5 to the financial
statements. However, it should be understood that our examination was
not primarily directed toward obtaining such knowledge.
!1 January 26, 1969
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Ci7'Y OF DFNTOV, I'FUS
Condensed Balance Sheets - All Funds /
September 30, 1968 1
Special f
Assessment
Deb: and Capital
Assets Ceneral Service Pro ects
Cash $ 53,662.40 6,121.38 14.787.81 i
Investments - at coat (Schedule 14) 20,000.00 1,039,480.00
Receivables:
Assessments - - 143,540.94
Taxes - delinquent 134,249.23 60,350.55 -
Less allowance for uncollected taxes and
assesstme-its (1314,249.23)(60,350.55) (I43,540.94)
Utilities - net -
Other - net 174,301.90
Dua from other funds 5,472.46 4,108.00 914,793.57
Due from governmental agency - - 36,000.00
Prepaid expenses
Inventories - at average cost .
Restricted asset accounts
Property, plant and equipment (note 2) i
Less accumulated depreciation
InvesGnent in Motor Pool Fund
Deficiency in Working Capital Fund (155.16)
Amounts available and to be provided for payment
of long-term debt
$
~5}.~~1,~ 10.229.38 x,185.062.38
Liabilities and Fund Balances
Accounts payable $ 33,094.93 -
Accrued interest on bonds
Construction contracts and retained percentage payable 1279382.81 {
Customers deposits _
Bonded debt and other long-term liabilities _
Due to other funds 178,157.40 5,172.46 66,039.42 ]JI
Due to restricted asset accounts
Reserves for encumbrances 3,790.62 - 293,747.33
Reserves - debt service _ _
Unrealized increment in valuation of utility 1
plant in service
Investments (deficiencies) by General and other funds
Investment in general fixed assets
Contributions by municipality and governmental agencies
Appraised value of equipment at inception -
Retained earnings -
Fund balances 381238.65 5,056.92 6971891A82
$~L-
See accompanying notes to iinancial statements.
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ExhibiL A
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F U N D S
- - - f [ u s t ,
;gencv and General 8aneral
Water
Rlectrlc and Seeger Workuie Miscel- Fixed Long-term
System System Motor Pool Capital laneous Assets Debt
148.59 73,109,91 214,643.17 1235 '911 ,260.73
20,000.00 20,000.00 120,000.00
1,088,646.33 834.36 -
143,132.23 497,392.44 5+,182.13 10,112.47 -
10,083.79 -
486,787.86 -
W 2,354,698.51- 686,283.7) -
28,419,558.88 10,116,551.81 1,029,902.01 7'7.39 6,789,551.75
(7,252,689.8) (4,653,106.17) 1584,416.34)
71,984.45 72,792.74 -
(5,396.28) (51069.20)
_ 218.500.00
771.128.9Q 5i,11L~ 140.118-95 6.784.51 5~21~~544 4Q
14~i4~16 T .15 ~.1?Q.Z.455.:1Si -
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99,858.48 31,118.02 89,128.57 - =
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214,584.79 26,846.35
65,166.50 75,486.46
201,839.29 5,218,500.00
14,0:0,000.00 3,586,200.22
70,912.80 25,401.77 463,209.!.5 300.00
J et 10,146.00 3,194.15 -
1,074,373.60 267,959.88
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4,568,339.40 -
230,433.34 (1D,620,64)
6,789,551.75 -
li 2,057,012.32 -
!f _ - 220,101 78
4,504,946.29 734,746.09 320,593.78 _ 1391818_95
591J1Z~38 151119-95 b )8_551_75. 5 ~38,SQQ,44
14 z4 a5o.i~ii.13 6.6Q7.~Q~1~ ~31a1
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Exhibit B J
CITY OF DEMON, Ti:rAS f
General Fund _
Balance Sheet
Septemb,r 30, 1968
Assets
Cash
$ 53,662.40
Time deposits (Schedule 14)
20,000.C.0
Accounts receivable $ Ifi5,827.15
Less allowance for uncollectible accounts
_11.525.55 174,301.90
Taxes receivable - delinquent
Less allowance for uncollected delinquent 134,249,23
taxes (note 7)
Due from other funds
5,4?2,46
Deficiency in Working Capital .nd (Exhibit R)
V _155,16)
$ 253,28J,60
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Liabilities,i_Reserve and Fund Balance
Accounts payable
$ 33,094.93
Due to other funds
176,157.40
Reserve for encumbrances
3,790.62
Fund balance (Exhibit C)
38,236.65
$ 253,281,60
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Se: accompanying notes to financial statements.
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Exhibit C
0
OF DfNTOIV . 10,aS
at CcncraI Fund
Statement of Revenues, Expenditures and Fncumbrances
~r :at",d Fund Balance (and Compares,n with Budget)
Year ended September 30, 1963
i4 At tual
over (under)
Budget A.CtuaI bud MIL
r+ Revenues:
General property taxes (note 7)
Current taxes $ 556.766.22 554,341.22 (2,425.00)
Dclinq+jent taxes 15,675.00 20,145.00 4,270.00
Penalties and interest 101000_00 9 4.63 -5735_31)
__5921641_22 w5831750.85 111099^63
Other revenues (Schedule 1):
Other taxes 37,500100 141,754.52 104,254.52
Foes from revenue producing faellities 258,500.00 261,650.54 3,150.54
Fines and fees 116,700.00 127,668.27 10,968.27
,r Licenses and permtLs 21,350.00 22,812.05 1,462.05
Miscellaneous revenues _ 831632..50 3 1298.53 546133397)
^5171682_50 59._183.91 73,501-41
+ Total revenues 11100,323,72 1,174,934.76 _14111._04
Expenditures and encumbrances (S,h(dulr, 2):
Salaries and wages 1,194,577,00 1,163,282.86 (31,294.14)
Supplies 102,858.00 106,323.16 3,465.16
Maintenance 134,400.00 129,347.91 (5,052.09)
Equipment rental 152,520.00 159,744.63 7,224.63
Other services 203,136166 244,839.84 41,703,18
ra Capital outlay 43,800.00 56,964.12 13,164,12
N:ndepartmental expenses 13,500.00 139,736.54 126,236.54
Special pro)acts - capital outlay - 34,385.54 34,385.54
fi G ntingencfes --_231661_00 S23t661100)
a Total expenditures and
encumbrances 1,868,452.b6 2,034,624.60 166,171.90
Excess expenditures and encum-
brances over tevenues 7681!28_94 859,689.84 911560_90
Transfers frrm (to) other funds:
Electric System Fund (note 4) 564,996.46 462,447.50 (102,548.96)
It Water and Sewer System Fund (note 4) 188,305.48 154,122.49 (34,182.99)
Library Building Bond Fund (27,293.06) (27,293.06)
t Net transfers fr-m (t,
)
1! other funds -_7531301.44 589 276.43 (164,025_01)
Deduction from fund balance 14,827.00 _2701412.91 (255,585.91)
Fund balance, September 30, 1967 --308,651.56 308,651.56 f Fund balance, September 30, 1968 $ 293,824.56 38,238.65 (235,585.91)
See accompanying notes to financial statements.
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xhibit D
CITY OF DENTON, TEAS /
Debt Service Fund
Balance Sheet
September 30, 1968
Assets
Cash $ 6,121.38
Due frcm other funds 4,108.00
Taxes receivable - delinquent $ 60,350.55
Less allowance for uncollected delinquent
taxes (note 7) 60,350.55
II
I~ Liabilities and Fund Balance
Due to other funds $ 5,172.46
Fund balance (Exhibit E) 5,056_92
$ 10,229.38
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See accompanying notes to financial statements.
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Exhibit, E_
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CITY OF DENTON, TEXAS
M Debt Servicc Fund f
Statement of Revenues, Expenditures and Fund Balance fJ
Year ended September 30, 1968
Revenues:
General property taxes (note 7) $ 330,287.39
Interest on Investments 2,285.00
Other 62.50
'32,634_89
Fxpenditures: 1
Redemption of serial bends 189,000.00 ,
Interest on bends 136,492.00
Paying agents' fees 332.57
32_5_8_24.57 J1I
Excess revenues over expenditures 6,810.32
Fund balance (deficit), September 30, 1967 (1,753.40)
Fund balance, September 30, 1968 $ 51056.92
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CITY OF DENTON, TEXAS
rs `
.~jecial Assessment and Capital Protects Funds
Combined Balance Sheets
September 30, 1968
Assets Total
Cash $ 14,787.81
Certificates and time deposits (Schedule 14) 1,039,480.00 _
Assessments receivable 143,540.94
+ Less allowance for uncollected assessments _
(note 7) (143,540.94)
Due from other funds 94,793.57
Due from governmental agency - Federal Library
Construction Title II grant 35,0000,00
,00
$ 1,185,061.38
Liabilities, Reserves
and Fund Balances
Construction contracts and retained
percentage payable $ 127,382.81
Due to other funds 66,033.42
Reserve for encumbrances 293,747.33
Fund balances (Exhibit G) 6971891.82
$ L =8=5 1:
See accompanying notes to financial statements.
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Exhibit f
i 14
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F U N_D
Street Fire Par,, and -~Libzary Municipal
im vcment Station Alrpott Rectcation Building Build n
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14,787.81
1,000,000.00 12,480.00 27,000.00 - -
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143,540.94 - -
(143,540.94) - - - -
5,569.09 - 27, 293 U6 61,931.42
F
36,000.00 - 1,005A69.09 121480.00 27,000000 63,293.06 76,719.23 i
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50,775.49 - 3,000.00 23,436.74 50,110.58
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59,713.26 96 725.78 5,599.42 {
rt 236,216.21 - 23,274,22 34,256.90 -
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26,548.65
558,864.13 12,479.04
L,20L. 569 12t480T00 27,000.00 63,293_06 76,719.23
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CITY 01 DENTON, TEXAS
SPecill Assessment and CaLital Pro eels Funds
Combined Statement of Fund Balances
Year ended September 30, 1968
Tctal
Fund balances, September 30, 1967
$ 1,428,046.01
Deduct bonds authorized and u:risseed as of
September 30, 1967 1.396.500_00
_ 31,546.01
Additicns:
Sale of bonds
Collections on special assessments 1,600,000.00
(note 1) 87,051 33
Interest on investments 30,639.38
s Encumbrances carried over from prier year 252,876.81
E Federal grants 14i,310.60
Transfers from other funds:
Electric System Fund 200,000.00
Water and Sewer System Fund
General Fund 200,000.00
J Other 27,293,06
] 28,003.27
21511,174 .51
Deduttlons:
Transfer to reserve for encumbrances 293,747.33
Expenditures for property and equipment
1,b11,081^31
Fund balances, September 30, 1968 1x904,628.10
$ 6972891_82
See accompanying notes to financial statements
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Exhibit 0
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_ F U N D-S
Street Fire Park and Library Municipal
Lnprovm.cnt Station Airport Recreation Buildi28 Building
;14 1,356,298.04 12,003.54 11,514.16 48,230.27
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1,385,000_00 ~_11,500.00 - -
_3,701.96) 12,003.54 14.16 - 48,230.27 I
f A , - - -
1,600,000.00 - - - - -
87,051.33 - - - -
24.765.13 475.50 2,058.75 840.00 2,500.00
43,444.78 21,215.47 74,571.62 113,645.00
I# - - 110,000.00 35,310.60
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~r - - - - 200,000.00
- 200,000.00
27,293.06
1 27,715.43 - 281.84
~j 117822916.67 475.50 _ 287.84 23,274.22 212,704.68 551,455.60
t9 236,216.21 - - 23,274.22 34,256.40 - ,
859,194.37 _ 302.00 - _ 178,447.78 573,137.22
1,095,410.58 302.00 23,274,22 212,704.68 5730137.22 J
J li 658,864,13 12,44.04 26254
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CITY OF DEN'fm TEXAS
Electric System Fund
Balance Sheet
Septemb-r 30, 1958
Asset:
Current assets:
Cash $ 148.59
Time deposits (Schedule 14) 20,000.00
Prepaid insurance 10,083.79
Receivables (note 1):
Accounts receivable S 539,235.05 _
Unbilled revenue _ 595,671.25
1,134,906.30
Less allowance for uncollectible
accounts 46,259.97 1,088,646.33
Due from other funds 143,132.23
Total current assets 1,262,010.94
Restricted asset accounts:
Revenue bond debt service (note 3):
Cash 750.60
Certificates and time deposits (Schedule 14) 721,656.00
Due from Electric System Fund 1,700.00
Accrued interest receivable 2 952.18 721,058.78
Revenue bond reserve (note 3):
Cash 750.25
Certificates and time deposits (Schedule 14) 911,560.00
Investments in U. S. Govetnment Obligations
(quoted market, X120,506.25) (Schedule 14) 124,722.63
We from Electric System Fund 8,446.00
Accrued interest receivable 1
Revenue bond construction:~~~=06 1,058,732,94
Cash 116,906.82
Time deposit (Schedule 14) 450,000.00
Accrued interest receivable 2.00000 568,906.82
Utility plant in service at appraised value (note 2):
Land and land rights 229,511.00
Electric plant production and distribution
facilities, less accumulated depreciation
of $7,252,689.38 J0.UL2M,12 20,820,797.19
Construction work in progress 346,072.31
Investment in Motor Pool Fund, at cost (Exhibit 0) 71,984,45
Deficiency in Working Capital Fund, at net under-
lying book value (Exhibit R) ~~j5 396..28)
See accompanying notes to financial statements.
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ExhibitH
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! Liabilities.,-Reserves and Retained Earnings
ra - -
Current liabilities: $ 99,858.48
Accounts Payable 81,058.50
Due to other funds and restricted asset accounts 201,839.29
customers' deposits 45,166.67
Revenue bonds due within one year 427,923.24
Total current liabilities
Ir
Currtnt liabilities payable from restricted assets:
r.r Construction contracts and retained percertage $ 65,166.50
payable 496,833.33
Revenue bonds due within one year 214 554.79 776,584.62
Accrued interest on revenue bends
Long-term debt - Electric revenue bonds, .051 -
5.112%, payable serially in varying amounts
F to Ncvember 1, 1990 (notes 3 and 5) 14,040,000.09
(Schedules 8 and 10) 00
Less portion due within one year.
45,166.67
Y~ Payable from current assets _ 496,833.33
Payable from restricted assets -
542,000.00 13,498,000.00
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Reserves (note 3): 15,640.66
Reserve for revenue bend debt service ] 058.732.94 1,074,313.60
Reserve for revenue ton retiremen
~f unrealized increment in valuation of utility 4,568,339.40
plant in service (note 2)
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I~ Retained earnings (Exhibit J) (note 4) 4, 504,946. 29
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$ 24 850,161.E
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Exhibit I
CITY OF DENTON, 1EXAS
Electric System Fund
Statement of Earnings (anu Ce,npprIson with F,udgrt)
1
Year ended SeLt.2mhcr 30, 1968 ,4
Actual
over (under)
8udgct Actual budu t
Operating revenues:
Electricity sales:
Custcmers $ 1,855,000.00 3,210,862,54 (644,137.46)
Intergovernmental 70,000.00 74,856.34 4,856.34
Other _ 50,000,00 4,114,04 451885.06)
3,9751000.00 3,239,833.82 (685,166.18)
Operating expenses excluding _
depreciation (Schedule 3):
Salaries and wages 518,689.33 376,591.)3 (142,098,20)
Fuel for electricity production 695,100.00 625,303.91 (69,796,09)
Supplies 68,245.67 80,475.32 12,229.65
Maintenance 103,018,67 48,476,09 (54,542.58)
Insurance 33,OOD.00 49,546.05 16,546.05
Administration services (note 4) 263,125.87 160,576,91 (102,548,96)
Provision for uncollectible accounts - 34,379,93 34,379.93
Equipment rental 35,688,00 29,602,65 (6,085,35)
Economic development 30,000,00 43,068.81 13,068,81
j Other services 101,,851.00 131,926.86 25,075.86
1,853,718.54 1,579,947.66 (213,770.88)
1 Operating income before
depreciation 2,121,281.46 1,709,886.16 (411,395,30)
I Depreciation (note 2) 688,469.51 688,469.51 -
Operating income 1,432,811,95 1,021,416,65 (411,395,30)
Other income - interest on investments 50,000000 86,500,59 36 500.59
j 1,482,811,95 1,107,917.24 (374,894.71)
Other deductions - interest on bonds 459,31975 485,381.57 26 061,82
l Net earnings before equity
in lose of Working
Capital Fund 1,023,492,20 622,535,67 (400,956.53)
Equity in loss of Working Capital Fund 26,563,41 26,563,41
Net earnings $ 1,023,492.20 595,972.26 (427,519.94)
See accompanying notes to financial statements.
Exhibit J
ii
CITY OF DENTON, TEXAS
Electric Systcnc Fund
Statement of Retainod Earnings
Year ended September 30, 1968
Balance, September 3D, 1967 $ 4,236,075.01
W Add net earnings (Exhibit I) 595,972.26
4,932,047.27
Deduct:
Increase in reserves for revenue bond
debt service and retirement $ 25,230.39
Transfer to Ceneral Fund (note 4) 301 0 5 327,100.96
Balance, September 30, 1969 $ 4,504,946.29
W
04
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1
i
i~
E1
See accompanying notes to financial statements.
L
u
~ f
CITY OF DEN'rON, TEXAS
M',?ter and Sewer S----m Fund
Balance Shuet
C
Septsanbcr 30, 1968
w.
i
Assets
Current assets:
Cash 5 73,109.91
Time deposit (Schedule 14) 20,000.00
Due from other funds 497,392.414
Total current assets 590,502.35
Restricted assets:
Revenue bond debt service (note 3):
Cash $ 66.75
Time deposits (Schedule 14) 81,700.00
Accrued interest receivable 283.91
Due from Water and Sewer System Fund _-3,x$4,1¢ 85,234.81
Revenue bond reserve (note 3):
Cash 750.02
Certificates and time deposits (Schedule 14) 234,380.00
Accrued interest receivable ---.-2,566.4 0 231,696.42
Revenue bond construction: -
Cash 161,397.14 I
Time deposit (Schedule 14) 200,000.00
Accrued interest receivable 363,352.50
Utility plant in service, at cost (note 6):
Land and land rights 99,699.92
Water utility plant less $2,372,373,55
accumulated depreciation 3,689,757.66
Sewer utility plant less $2,205,713,4:
accumulated depreciation 1,107,467,87
Water rights less $75,019.20 accumulated
depreciation _ 175.044.98 5.071,990.43 ~I
Ccnstructton work in progress 391,455.21
Investment in Motor Pool Fund, at cost (Exhibit 0) 72,792.74
Deficiency in Working Capital Fund, at net
underlying book value (Exhibit R) _5=069_20)
$ 6,607,955.26
See accompanying notes to financial statements.
I
I
F~
Fxl,ibit K
r
1a
1+i
Liabilities, Reserves,
{ Scntributlns1_and Rctatncd_fiarnings
Current liabilities. $ 31,116.02
A"•Dnnt; payable 25,406.54
iA ITie to other fUnd9 and ICStrICted asset accounts 120 369.65
Current portion of lr,ng-tern debt 176,894.21
Total current liabilities
1rl
i Current liabilities payable from restricted assets:
Construetien contracts and retained percentage $ 75,486.46
payable 3,179.38
Due to other funds
5
Cutrent portion of long-term debt 2$26,,12845 .00
.00 133,637.19
Accrued intere3t on revenue bonds
Long-tetra debt:
Water and sewer revenue bonds, 3 - 57„ payable
serially In varying amounts to July 15, 1990
00
(note 3) (Schedule 8 and 11) 3,50086,,000 200..00
j C.ntract payable I 3,586,200.22
Less portion due within one year: 120,369.65
Payable from current assets 28,125.00
Payable from restricted assets -
1 148.494.65 3,437,705.57
Reserves (note 3): 30,253.45
Reserve for revenue bond debt service -
1 Reserve for revenue bend retirement 237,696.42 267,959.88
1 Contributions by municipality and 2,051,012.32
governmental agencies
734,746.04
Retained earnings (Exhibit. M) (note 1+)
$ 6,807,955.26
1 '
T
x
A F
i.
Exnibit L
CITY OF I)ENI'ON, 1EX AS
Water and Sewer SystoT Find
/
1
Stat cmcnt of Earnings (ond Compjriso ii 4'ltIl Gudg(C)
Y'r cnjcd 5 F[cmhcr 30, L96A
Actual
over (under)
3udgct Actual
b u c. 1 Rc t
Operating revenues:
;dater sales:
Customers $ 775,000,00 715,044.86
Intergovernmental 11,500.00 (59,955.14)
Sewer service charges 18 739.62 7,239.62
285,000,00 267,055.45 (17,944.55)
Tapping fees 15,250.00 30,224.70 14,974.70
Other 10,500.00 _ 12,745,93 2,3
' - 45.93
j,097,250.00 1,043,810.56 (53,439.44)
Operating expenses excluding
depreciation (Schedule 4):
Salaries and wages 232,504,67 224,376,13 (8,128.54)
Supplies 59,148.33 67,684.10
bi3intenance 74 483.33 63 451,30 (118'535.77)
032.03
Power 51,800.00 48,567.98 (3,232.02)
Administration services (note 4) 87,682,08 53,499.09
Equipment rental 37,128.00 36,458.00 (34,182.99)
Other services 50,200.00 39,539.37 (10(660.63)
)
Provision for uncollectible accounts 15,460.99 15,460,99
( Insurance 4,600.00 6,363,31 1,763.31
Economic development 10,000.00 14,356.27 4,356.27
607,546,41 559756,54 (37,784,87)
Operating income bctore r
depreciation 489,703.59 474,054.02 (15,649.57)
Depreciation (note 6) __295 335.62 295,535,62
Operating income
194,167.97 178,518,40 (15,649.57)
~J Other income - interest on investments 27,500.00 47,541.15 20,041.15
221,667.97 226,059.55 4,391,58
Other deduction - interest on bonds __146,312,52 136034.29 (10,278.21)
Net earnings before equity
in loss of Working Capitol
Fund 75,355,47 90,025.26 14,669.79
Equity in loss of Working Capital Fund 23,204.93 23,204.93
Net earnings $ 75,355.47 66820,33 (8, 535. it)
- I
--try
See accompanying notes to financial statements.
I
Exhibit M
CITY OF DENLON, TEXAS
Water and SeVcr System Fund
Statement of Reta;ned Earnings
Year ended September ?0, 1968
BnYance, Septcmber 30, 1967
$ 786,761.67
Add net earnings (Exhibit L)
66,820,33
833,582,00
Deduct:
Increase in reserves for revenue bond
debt service and retirement
Transfer to Cencryl Fund (note 4) $ 10018,.40
Balance, September 30, 1968 ,662323.4 718,746.09
-n
$ 737i,469
r
1
IL
Ste accomp3nytng notes to financial statements,
p y... i
11
1 ~
Exhibit N
CITY OF DENTON, TEXAS
Motor Pool Fund 1
Balance Sheet
September 30, 1958
f
Assets
Cash
$ 214,643.17
Certificates and time deposits (Schedule 14) 120,000.00
Equipment at appraised value at inception, June 1,
1957 with subsequent additions at cost $ 1,020,9D2,07
less accumulated depreciation 584,416.34 436,485.73
$ 171,128,90
it
Fund Balance
Appraised value of equipment at inception,
June 1, 1957 220,101.76
Investments by other funds (Exhibit 0):
Electric System Fund $ 71,984.45
Water and Sewer System Fund 72,792.74
General Fund
T x¢52,19 230,433.34
E Retained earnings (Exhibit 0) 320,593.71
L $ 771,128,90
I
See accompanying notes to financial statements.
J
Exhibit 0
CITY OF DENTON, TEXAS
Motcr Pool Fund t
Statement of Earnings and Retained Earnings 11 {
and Investments by Other Funds 1
Year ended Scjpcnibcr 30, 1968
Earnings and Retarned-Earnt2zs
Equipment rental $ 167,570.00
Gain on sale of equipment 8,044.08
Interest income `51525.00
201,139.08
Depreciation 167.821.25
Net earnings 33,317.83
Retained earnings, September 30, 1961 287,275.95
Retained earnings, September 30, 1968 $ 320.593.78
Investments by-Other Funds
n
water
{ Electric and Sewer
System System Generai
p.~ Fund Fund Fund Total
Balance, September 30, 1967 $ 69,118.12 72,792.74 79,507.43 221,418.79
1i
Invested in current year 2,866.33 _ 6,148.72 9,015.05
Balance, September 30, 1968 $ Ili 34.45 721792.74 85,656.15 230 433.34
.
ti
!i
See accompanying notes to financial statements.
(4
f 4}
Exhibit P
CITY OF DENTON, TEXAS
Workin _Capital_Fund
Balance Sheet
Septanber_30, 1958
Assets {
Due from other funds $ 54,182.13 if
Inventories, at average cost 496,787.86
Equipment 747.39
$ 541,717.38
i
I
Liabilities and Investments (Deficiencies) by Other Funds
Accounts payable $ 89,128.57
Due to other funds 463,209.45
Total liabilities 552,338.02
Investments (deficiencies) by other
funds (Exhibit R) (10,620.64)
s 541,717.38
~I
1
- I
See accompanying notes to financial statements.
I
I
lR
Fxhihit_s
CITY OF DENTON, TF_~'AS
FI
Working Ca iiat fund
St,'tc'ment of Earnings (Loss)
Year ended September 30, 1964
er
M
Machine Central
Total Warehcuse shop Garage storeroom
Sales to other departments $ 528,616.74 41.4,982_75 5,417.14 103,033.54 5,193.31
Ness cost of sales 563,570.57 4.53,541_09 _3,273.78 101,446.91 5,3pg,79
Gross profit (loss) -
on sales (34,953,83) (38,558.34) 2,143,36 1,586.63
(125.48)
Services provided for
other departments 73,812.84 10,043.00
53,769.84
y 38,859.01 (38,558.34) 22,186.36 55,356,47 (125.48)
Operating expenses:
Salaries and wages 71,168.29 8,128.73 19,380.94 43,658.62
Supplies 1,439,11 60.93 463,93 914.22
Maintenance 1,969.69 121.93 1,520.01
0
Equipm€nt rental 2,184.00 960.00 327.069
4 Miscellaneous 121428.13 2L611,69 2 1,114.00
--~Y_-- --,151.35
35 1,659.09
69,189,22 10,923.31 24 482.29 53 .62
" Net earnings (loss) $ X01330.2 ) 9 81.. 5 2 29 ~1--183 ~
12
a~ 1
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' I
it
F
ra
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it I
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See accanpanying notes to fImanclal statements.
i!
It
I
Erh l byt_ R
ON, TF.1tAS
I CITY OF DF_ Ty-
J I
Wo,_rkinfi.-C~tal_ Fund I
b Other F=nds
Statement of lnvestmcnts (Deficiencics) Y ,
,
Year ended September
Electric Water and
System Sewc[
Gene[al g stem Fund
Fund Fund -Y-
Total I
406.71 2:,167.13 18,135.73
Investments by other funds, $ 39 709.57
September 30, 1967 50,330.21 561 ,87 26,56"3.41 23,204`93 +
Deduct net loss (Exhibit K)
investments (deficiencies) b by other $r g,i6) (5, 396.28) (5.064.20)
(10, 620.64) (1=5 l (5 39 I
funds, September 30' 1969
i
I
I
l
,
Sec accompanying notes to financial statements.
1
t
Exhibit 5
I 04
i
MY OF DENTON, TEXAS
~ Trust.,_Agenccy and Miscellaneous Funds
Combined Balance 5hcets
September 30, 1958
F U N D_S_ _
Firemen's Parks and
Assets TctaI Pension Payroll Airport
Cash $ 5,911.39 5,611.39 300.00
Investments - at cost (market value
$125,681.25) (Schedule 14) 123,260.73 123,260.73
_ Interest receivable 834 36 834.36
Due from other funds 10,112.47 - - 10,112.47
$
14011 1106,48 300_04 10.212.3
I
E Liability and Fund Balances
Due to other funds $ 300 00 - 300.00 -
Fund balances:
Reserved for future pension
benefits 129,706.48 129,706.48 - -
Reserved for parks and airport
improvements and maintenance _10,112_47 _ - u_--- 10,112.47
rA Total fund balances (Exhibit T) 139,818.95 129,706.48 - 10,112.41
$ 140,118 95 129,706.48 300.00 100112_47
II
See accompanying notes to financial statements.
t7
J
1
i
Exhibit T
w
i
MY OF DENULIN, TEXAS -
T_rust.-Agcncv and Miscellaneous Cunds
Combined Statement of Fund Balances
Yeir ended September 30, 1968
i
F U N D S
Firemen's Parks
Total Pension Payroll Airpot
Fund balances, September 30, 1967 $ 113,583.15 113,583.76 - - J
1
Transfer of appropriated fun.' balance
from General fund _5,170.68 - 5,770.68
Adjusted balances, September 30, 1967 119,34_44 1131583_76 5,770_68
Additions:
Contributions 18,795.24 18,795.24 - -
Earnings on investments 7,602.28 7,602.28 - -
Revenues designated for park
improvements and maintenance 9,768.45 - 9,788.45
Revenues designated for airport
improvements 3,815.61 - - - - 3,8?5.61
40,061.58 26,397.52 - 13,664.06
Deductions:
Pension expenditures 10,274.80 10,274.80 - -
Expenditures for park improvements
and maintenance 5,284.17 - ~y- 5,284.11
Expenditures for airport improvements --4.1038.10 _ _ _ 4,038!10
-19,597.07 10,274.80 -9,322_27
Fund balances, September 30, 1968 $ 139,818.95 1291706.46 10,112.47
{
See accompanying notes to financial statements.
i
F~
Exhtbit U
CITY OF D1NfON, TEXAS
M
Statement of General Fixed Assets
Septtinber 30, 1968
CencTal Fixed Assets
~SchcduIes_51 5 and_TZ
Land, at cost $ 1,169,267,16
Buildings, at cost 1,625,564.27
Improvements other than buildings, at cost 3,994,720.32
$ 6,789,551.75
I
Investment in General Fixed Assets
Ftom General Obligation Bonds $ 1,843,437.78
1 From current revenues 4,931,113.97
Ftem gifts 15,000,00
64L
9: 55l_ 75
I
~J Note - Investment in vehicles and equipment by the Ccnfral Fund in the amount of
$85,656.15 is recorded In the accounts of the Motor Pool Fund (Exhibit N).
ry
,
1 See accompanying notes to financial statements.
rs
iA
P
1
I
Exhibit V 1
Cil'Y OF DENIC2N, 'FUAS
Statement of General Long-ter," Mt
I
Septcmber_ 30, 1966 1
i
Assets
i
i Amount available in Debt Service $ 5,055.92
Fund (Exhibit D)
Amount to be provided for payment Of 5,213,443.08
P long-teem debt
$ 5,218_500_00
Liability
General obligation bonds payable (Schedules 8 and 9) $ Si218i500,00
i
j J
r
1
I
I
I
r
See accompanying notes to financial statcmEnts
I
I
I
:d
N
L11Y OF DFNIO~, 'IrXAs
%Otcs to FLnanciai Statements J
September 3D, 196$ 1
(i) Receivables in the Electric System F'Und include ai-ounts due for water and
sewer services provided by the lJatcr and Scwcr Fund and garbage serv,ccs
provided by tic General Fund. Ctllity rcceicables are carried by th,-
F,leetric Systcm Fund to facilttatc ;cceunting and collection proccdures.
Each fund records its horrion of chi tremors and losses from these
accounts.
(2 1 On September 30, 1961, the rirt car rycng v,ilur. ,rt utility plant In service ,if
the Flectrtc Sys(a~-, Fund was adjusted to 521,0i5, ' 193 00, the appraised
Naiuc of rc}'roducLion cost new, lr_"s d,pi,iiatia,nas dcLL rmincd at that
date by BLxk 'tnd Vi'itch, (o114,1 1 t1 ng ngin,:r; 1'te ox( ,'cS, $4,851,:91 95,
of the rcc Li rdc d afi)raised v,ilLi e over rnquusIL it t,Ist, icss de iodation
vi.s r( corded in tl,c accounts is "unre,il17,d incrercr,.t in vat ~ation of
utility plant iii scivice," Serb<cgtic nt ,r~+dicioii s to the utiII'v plant hav,_
been recorded it cost.
Depreciation based on acquisition cost fs cliirgad to earnings durir,; the cur-
rent year. :lie excess of depteciation based on appraised value over that
based on acquisition cost, $283,158.5, ma; transferred from the unrealized
increment in valuation account ,n the accumulated depreciation account.
Approximately the same amount will be transferred to accumulated deprecia-
tfon until 1912, with declining amounts th,•reafter,
i
(3) 'lhe ordinances authorizing the issuance of electrN revenue bonds croaced the
Revenue bond debt service account, the, Rcscrve account and the Extension
and Improvement Fund. The net revenues of the electric system, after
deduction of reasonable expenses {
to such funds in amounts equal tootheptotal oannual mprincipal Eandrinterest
d
requirements of the bonds and amourts requited to establish the Reserve
account and the Extension and Improvement Fund. Funds required to be set
aside in the Reserve account arc to be accumulated at a m<,nthly rats of
$1,000.00 until u halanu of $1,062,000.00 is accu;nulat-d. After the
required payments to the Rc~eru: band debt service account and Reserve
account are made, the Extension and Impto,,cnicct rund is to receive monthly
12-112% of the gross revenues of thr, electrlc systitm. Such funds are to be
used only for the purpose of payi,ig t}'< tot;t l,f extensions and improvements
to the electric system or for payment of maturing principal and interest in
the event that the Reccnuc band d,bt s,rvtc,; and Reserve account are
unable to meet current maturities.
i
The ordinances authorizing the issuance of water and sewer reverie bonds
r created the Revenue bond debt Service account and the Reserve account. The
V net revenues of the water and sewer system, after deduction of reasonable
expenses of operation and maintenance, are pledged to such funds in amounts
equal to the total annual principal and intcics! requirements of the bonds
{d
Ei
n
I
I ~
CITY OF UNION, IMP
Notes to Financial Staremcnts, Continued r
(3) continued
and amounts required to rstabtish the. Reserve account. Funds rcquir d to be
set aside in the Reserve account are to he accu nJ ated at a monthly rate of
51,685.00 until a balance of $265,600.00 is accanuiatcd. The City Use
pledged to maintain rates sufficient to pay all cpcratirg and maintenance
expenses and to produce net revenues, aq defin d in tkv ordinances, in mounts
not less than 1.3 times the amounts required to pay the principal and interest
on Lhe bonds and Reserve account payalLnts ns they Mcor, Ka 1
r
(4) The City Charter provides for an annual payment t tun General Fund iron c ccss
revenues (as def`.ncd in the City Charter) Of tht Q cipal uciltiLy SrUt in
an n:rmunt not to cxeee-d six per cent of the City's net inveatmunt in ehr
utility systems. During th; year ended Septcoker 10, 1968, the Gcn,ral Punt
received transfers of $301,870,59 from the Electr e System Fund and
$100,623.40 fron the Gatcr and Sewer SystcO fund under this provtston of the
City Charter.
The General Fund also receives payments frun the utility systc-ms for administra-
tion services, in the current year the Ccncral Fund received $160,576 91
i
from the Electric System Fund and $53,499.09 from the Water and Sewer System
Fund.
(S) The ordinances authorizing the electric revenue bonds require that the Revenue ,
bond debt service account and Reserve account be deposited in the First
National Sank in Dallas as trustee of the pledged revenues, and that all
investments of the Reserve account and Extension and Improvement Fund be
held in escrow by the First National Bank in Dallas. The funds have been
deposited in the First State Bank, Denton, Texas and the investments are
held by the First National Bank in Dallas for the account of the. First State
Bank, Penton, Texas.
(6) A review by manage ent indicated that, based on experience, the estimated useful
lives of certain classes of plant and equipyent in the Water and Sewer System
Fund were longer than the average lives being used to compute deprFciaticn.
Aecoidingly, as of September 30, 1968, these lives were revised to reflect
the current estimates of useful life. As a result of this change, dtprccia-
tion and net earnings of the Water and Sewer Syatcm Fund for the year ended
September 30, 1968 were decreased and increased, rospcctively, by approxi-
mately $395,000.00.
S cu w..'V.
4
as 3
E
MY OF DENTON, 7FYAS
Notcs to Financial Statements, Centinucd
(7) •ihe City has followed the cont•,istcnt practice of preparing the annual budget
based on anticipated cash collecrions of ta; and asscss7int revenues as
required by the City Charter. Accordingly, for proper comparison, tax and
assessment revenues are recorded in the books of account only when collrcted
and an allowance is rccn aed equal to th; uncol!<ctcd receivable balances,
the required Iegal acc n ,ing practices being followed by the City vary from
generally accepted ace ating principles under which rcvenucs arc rECOrded
on an accrual basis with an allowance for cstimabl: uncollcctiblc amounts,
Nad the accounts been maintalncd in accordance with grn,-rally aeccptcd
accounting principles, net rcvenucs ' flxhlbits C, f, a•-d C would have been
decreased by approxi^atcly ^2,500, $1,503, and $57,700, respcetivcly, during
the current ,year. Also the aliowenccs for ~.onrollccrcd amounts would have
been decreased in Cxhibits 1;, D and F in tb_ aphroxi+natc amounts of $33,300,
518,2()0, and $58,000, respCetively, with a _orresponling increase in the
fund balinccs.
i
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{II , +r
1
,r
fA
Schedule 1
C1I"i OF DENTON, 'lE4AS
M
General Fund
Schedule of Other Revenues (and Comparison with Budget)
Year ended September 30, 1968 -
Actual
over (under)
Rudeet Actual budget
Other taxes: $ 105,040.10 105,040,10
Sales tax 17,500.00 16,359.27 (1,140.73)
Franchise tax - Lone Star Gas Co.
Franchise tar. - General Telephone 20,000.00 20,355.15 _ 355.15
Co. of the Southwest
37,500.00 141,754.52 1043254.52
Fees from revenue-producing facilities: 245,000.00 2-6,961,35 1,961.35
Garbage charges 0,000 00 9,635.74 635.14
Swinming pool receipts 2,000.00 2,343.50 143.50
Cemetery service 2,500,00 2.709.95 209.95
(',oi~unity building rent -
258,500.00 261,650.54 3,150) 5.
Fines and fees: 115,000.00 125,253,77 10,253.77
Corporation cour~ 200,00 120.00 (60,00)
Animal pound 1,500.00 1,790.50 290.50
Auto pound 504.00 504.00
Police record checks 116,700.00 1271668.27 10,968.27
Licensfs and permits: 1,p00.00 945.00 (55.00)
Zo-iing permits 1,000.00 1,046.00 46.00
T,-,x certificates 200.75
~ 250.00 450.75
Tog licenses 1,000.00 1,230.00 230.00 I
?lectric and plumbing licenses 1,500.00 1,990.00 490.00
vital statistics 14,000.00 14,229.01 229.01
Building permits
2,000.00 1,223.29 (7/6.71)
Miscellaneous permits 600.00 47.00 (553.00)
Loading cones 1,651_00 1,651._00
Garbage dump permits - 1,462.05
21,350.00 22,812.0_
Miscellaneous revenues: 26,000.00 6,307.98 (19,692.02)
Parking meter receipts 3,250.00 3,995.07 745.07
Electric inspections 3,750 00 4,b92.18 942.18
Plumbing inspections 2,171.13 2,171.13
Paving assessment interest 1,500.00 560.00 (940.00)
County fire runs 3,000,00 3,000,00
County radio and identification 00 586.61 (3,913.37)
Rents and concessions 4,500.
25 382.50 6,586.95 (19,376.55)
Matching funds Civil DeEens': 15,000.00 7,530.84 (7,469.16)
Interest income 1,250.00 2,448.75 1.198.75
Miscellaneous income
83,632.50 _31.298,53 546,333.97)
Total other revenues $ 11.682. 591.11 „7315~:'
C
,
4
SC FCdule 2
CITY OF OENION, TFXAS
.Y General Fund
Sch2dki 0 penditures and Encumbrances
n, Comparison .,ith Budget)
?f`
r ended September 30, 1968
Actual
etlET (under )
Budget Actual budpt
General government:
Salaries and wages 5 41,111 110 48.977,21 7.866 ?1
Supplies 3,5013 00 5,601.43 2,101 43
Maintenance 1,500,00 2,785,17 1,285,17
Equipment rental 600.00 450.00 (150.00)
Other services 2?,000 Utl 39,401.71 17,401.71
1 Capital outlay 0;00 ---3,9'.596 - 1-
2 101,361.~8 29,950,48
Finance office:
Salaries and wares I9,~1~ Ott 0,18 f2. 573.81)
Supplies 550 00 395 +72 (154.93)
Other services o-5 0, 1 31,16793
Capital outlay --.,._1^840 - -1'8'0_43
--22,815.00 -22.733 61 --268,61
Sax department:
Salaries and wages 23,528 00 22,281.50 (1,246.50)
2,009.00 3,40 17 1.405.17
Supplies 750.00 410.92 (339.08)
r Maintenance
Equipment rental 480.00 480.00 -
Other services 3,500.00 18,978.51 15,4;8.51
Capital outlay -_---_,258.0_ 115-40 11540
30,258.00 45 45,61{.50 15,413.50
Utility accounting:
Salaries and wages 110,858.00 114.496,39 3,638.39
Supplies 15,000.00 11,126.223 3 2,726.23
r Maintenance 3,500.00 2,378.88 (1,121,12
Equipment rental 34,000.00 35,12738 1,127.38
Other services 14,800.00 18,261 b1 3,461.81
Capital outlay _ - - 6.0.,00 - 5,557 22 ` 4,911.22
t
I. 1;8,;9F 00 -_193.54.1 91 -14,749.91
Purchasing and warehouse:
1i Salaries and wages 9,315.00 9,402.84 87.84
Supplies 1-000.00 615.68 (384.32)
Maintenance 13.53 63,58
Other services 2.000.00 1,331,96 (668.04)
Capital outlay 1185,00 1,237.42 _ 752.112
- 12,800-00 12,653_48 _ (i46 52)
Continued
f
i
2 ScIeduIc 21
CITY OF DENTON, TEXAS
General Furd. J)
Sehedulrt of Exnenditures and Encumbrances
(and Canparison with Budget), Continued
Actual
over (under)
Bu eL Actual budget
Legal department:
Salaries and wages $ 30,436,00 28,639.59 (1,796 41)
Supplies 700.00 1,444.09 744.09
Maintenance - 160.56 160.56
Equipment rental 159.75 159.75
Other services 10,200.00 13,235.10 3,035,10
Capital outlay 4,000_.00 4,344.23 344-23
-__45,336 00 ---47,983 32 2,5'+7 32
Health and sanitation - inspection:
S^laries and wages 5,160.00 7,053.10 1,293.10
Supplies 400-00 253.29 (146.71)
`laintenance 200.00 108.12 191.88)
Equipment rental 300.00 300.00
Other services 5,500,00 7,569.52 2,069.52
Capital outlay - 472.35 47235
12,160.00 15,756,38 3,596.38
"
Health and sanitation - garbage collection:
Salaries and wages 138,440.00 140,819.94 2,379.94
Supplies 15,000.00 15,51.0.98 510.98
Maintenance 26,000.00 28,734.09 2,734.09
Equipment rental 29,260.00 29,280.00
Other services 14,200.00 14,606.75 406.75
222,920_.0_0_ _ 228,951.76 _6,0.3_1._76
Health and sanitation - garbage disposal: -
Salaries and wages 15,942.00 15,522,60 (419,40)
Supplies 1,400.00 1,299.47 (100.53)
Maintenance 7,500,00 7,086.60 (413.40)
Equipment rental 9,600.00 18,600.00 9,000.00
Other services 2,200.00 1,361.86 (838.14)
Capital outlay 400.00 - _ _(400,00)
_ 37,042.00 43,870.53 6,828.53
Civil defense and safety: -
Salaries and wages 12,308.00 7,133.00 (5.175.00)
Supplies 600.00 411.87 (188.13)
Maintenance 900.00 934.33 34.33
Equipment rental 840.00 600.00 (240.00)
Other services 2,000.00 1,541.38 (458.62)
Capital outlay 900_.00_ 1,272.50 _ 312.50
17,548.00 11.893,C8 (5,654:92)
Continued
i
3 Sci,Edule 2 cunt
CITY OF DENTON, ITXAS
General Fund
Schedule of Expenditures and Incumhrances
(and Comparison with Budget), Continued
Actual
over (under)
8udpet, Actual budget
Police department:
Salaries and wages 5 272,781.00 265,878.92 (6,902.08)
Supplies 20,322.00 22, 292. 2b 1,970.26
Maintenance 1~,000.00 21,580.98 5,580.98
Equipment rental 16,450.00 16,802,50 362.50
Other services 31,920.00 36,745.20 4,825.20
CopitaI outlay ---6.15-00 6,310.94 _ 5,695.94
358,073.00 369,610.80 11,532.80
Fire department:
Salaries and wager, 19d,p44.00 199,603.55 1,564.55
Supplies 1,5-o 00 5,461.17 (2,088.33)
Maintenance 6,250.00 7,315,51 1,065.51
Equipment rental 10,740.00 10,740.00 -
Other services 29,139,66 31,551.05 2,412.39
Capital outlay -_-2,86000 2,49453 - (375,47)
" 254,582.66 257,160.81 2,518,15
Engineering and drafting:
Salaries and wages 56,132.00 80,410.57 (15,721.43)
Supplies 4,500,00 4,344.83 (155.17)
Maintenance 8,500.00 6,343,19 (2,156.81)
Equipment rental 3,900.00 3,720,00 (180,00)
Other services 9,950.00 10,698.93 748.93
Capital outlay 800.00 2,265.14 1,485.1.4
_ 123,781`00 107,802.66 (15,979,34)
-
Street department:
Salaries and wages 104,259.00 101,110.53 (3,148.47)
Supplies 6,000.00 5,796.69 (203.31)
Maintenance 50,000.00 31,831.78 (12,168.22)
Equipment rental 33,340.OC 32,280.00 (1,060.00)
Other services --22000_00 _ 113036_23 -~L963.7~)
215,599.00 194,055,23 (21,543.17)
I
Continued
II
4 schedule 2 Cont.
CI1'Y OF DEN1'ON, TEXAS
General Fund f
Schedule of Expenditures and Encumbrances _
(and Comparisor, with Budget), Continued
Actual
over (undEr)
Budget tletuat budget
Parks and recreation department -
director and parks:
Salaries and wages $ 65,082 00 62,019,47 (3,062.53)
Supplies 15,251 00 13,407.31 (1,843.69)
Maintenance 10,000.00 11,293.26 1,293.26
Equipm(r,t rental 11,200.00 11,170.00 (30.00)
Other services 13,869.00 12,422.36 (1,446.64)
Capital outlay -_17,500.00 13,753.78 (3,1_6.22)
132,902.00 t24,066.18 (8,835-82)
Parks and recreation department - - - -
swimming pools:
Salaries and wages 7,923.00 8,723.22 600.22
Supplies 2,935.00 2,787.17 (147,83)
Maintenance 1,500.00 393.78 (1,106.22)
Other services 3,704.00 3,709.96 5.96
16,062 00 15,614.13 (441.87)
Parks and recreation department -
other activities:
Salaries and wages 26,760.00 23,399.94 (3,360.06)
Supplies 5,850.00 5,570.50 (279.50)
Maintenance 1,500.00 1,689.71 189.71
Equipment rental 1,800.00 35.00 (1,765.00)
Other services 11,321.00 10,298.79 (1,022.21)
Capital outlay 13,100.00 _ 13,299.22 _ 199.22
60,331.00 54,29316 (6,037.84)
Cemetery department:
Salaries and wages 11,037,00 10,639.06 (397.94)
Other services _1,500.00 2,030.76 530.76
~ 12,537.00 12,669.82 ~-132.82
Library:
Salaries and wages 5,181,00 66.25 (5,114.15)
Supplies 300.00 - (300.00)
Maintenance 300.00 237.45 (62 55)
Other services 1,049.00 609.98 (439.02)
Capital outlay - - -_45.00 45.00
6,830.00 958.68 (5,871~32)
Continued
11 ° sr a-
c_a•. r
5 Schedule 2, Cont.
1'Y OF DENTON, TF:h.4S `
C: Feral Fund
Schedule of Expenditures and Encumbrances
(and Comparison with Budget), Continued
Actual
over (under)
Budget Actual budget,
Nondepartmental expenditures:
Insurance $ 13,500.00 13,123.00 (377.00)
Contributions to Motor Pool Fund - 6,11,8.72 6,148.72
Loss from Working Capital Fund _ 561.87 561.87
Other 1,034,41 1,034.41
Provisions for uncoIlectible accounts 783.24 783.24
' Contributions to Plow Iiospital i18,085.30 118,085.30
13,500.00 139,736.54 126,236,54
Special projects - Capital outlay; V---
Civic Center 11,535,00 il,535.00
Cnn»nunity Building -A--~ - 22,850^54 22,850.54
34,385.54 34,385.54
Contingencies 23_661.00 _ (23,6'1.00)
Total expenditures and
encumbrances $ 1 i868~452.66 21034,624,60 166,171.94
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CI'i'Y OF 1)FNWN, TE?G15 SChEdute 3
!_lectric System Fund
Schedule of Expenditures (and Q+mparison With ISudget) _
fear ended September 30, 196&
Actual
Liver (under)
Eud_Z!1t Expenditures bud&ct -
Electric production: $
230,820.00 210,266.21 (20,553.79)
Salaries and wages
Supplies 49,265.00 21,451.06 (27,807.94)
Fuel 695,100.00 625,303,91 (69,196.09)
Maintenance 48,641.00 23,564.89 (25,082.11)
Equipment rental 2,760.00 2,184.52 (175.48)
Other services 54,482.00 37,889.42 (16,592.08)
r~\ Capital outlay 44,630000 - 22,510.33 (22,119,67)
1 1,125,06.00 - 943,176_8+ (182,527_16)
Electric distributi n;
Salaries and wages 211,956.00 122,866 30 (93,109.10)
Supplies 15,287,00 56,321.67 41,03&,67
44,555 00 22,712,61 (21,842.39)
6laintenance
Equipment tent" 28.068.00 26,010 13 (2,057 57)
Other services 3'+,818.00 72,669.28 37,791,2'8
C',ipftal outlay - 350,895 00 -`3_1,986.148 (2,910.5_')
C89,639,00 --648_54, 47 (41,094.53)
Flectrir metertng:
36,060.00 23,171.23 (t2.888.77)
Salaries and wages
supplies 2,627.00 424.79 (2,202.21)
Maintenance 9,250.00 1,764.67 (7,485.33)
Equipment rental 3,660.00 600.00 (3,060.00)
I Other services 5,491.00 3,032.16 (2,458.8+)
Capital outlay - 40,065.00 17,966.93 (22,098.07)
_ 97,153.00 46,959.78 (50,193.22)
Nondepartmental - insurance 33,000.00 _ 49,546.05 16,546.05
Economic development 30,000.00 43,068,81 13,068.81
Pro rata share of utility administration
expense:
Salaries and wages 35,85333 20,307.34 (15,545,94)
Supplies 1,066.67 2,271,80 1,205.13
Maintenance 566,67 433.92 (132.15)
Equipment rental 1,200'm 808.90 (392.00)
Other services 12,000,00 18,335 50 6.335.50
Capital outlay 3,31000 __5,241^18 -1,931;18
53,996.67 -47,397_74 (6,598.88)
Transfers to General Fund - administration
services 263,125.87 1E0,516.91 (107,5+8.96)
- 26 1
Provision for uncollectible accounts + 34,379,93 3379 °3
Total expenditures 2,292,618,54 1,473,65058 (318.91,!'96)
R duct capital expenditures 438.900.00 - 393.702 92 (45,197.08)
Expenditures charged against 1,579 '347.66 (273,710,88)
operating revenues $ 1,853,118:54
E
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1
e Schedule 4
CITY OF DENION, 1FNAS
Hd .t and Sewer SYste-m Fund
Schedule of Expenditures
(and Comparison with Rudgct)
Year ended September 30, 196d
w Ac tuai
over (under) {
Budget Ac tuai buEt
Water production and treatment:
Salaries and wages 5 45,316.00 43,595,40 (1,$'20.60)
Supplies 43,200,00 50,817.67
Power $',617.61
- 42,000.00 37,775.30 (4,224,70)
Maintenance 7,000.00 4,050.63
Equipment rental (1,949,31)
762.00 822.00 60,00
Other services 24,000.00 11,916,58 (12,083.42)
Capital 0LItIIV 1,165,00 346.35 (1,818,65)
164`443,00 149,323,93 (15_IL9 07)
Water distribu ion:
Salaries and wages
Supplies 59,911.00 59.196.62 T_
(314,18)
Maintenance 5,100,00 4,603.43 (496,57)
46,000.00 36,463,49
Equipment rental (9.536.51)
17,322.60 17,268,00 (54,00)
Other services 6,000.00
Capital outlay 1,088.64 1'088.64
1
46,000,00 48,2±8.93 4,238,93
118,333,00 1;31253.31 (5,,073.69)
Water metering: -
Salaries and wages 14,856 00 14,906 d.
,,a Supplies 50.44
Main 9:5 !)0 1,204.54 289.54
tenance 2.700.00 8,568.80 5,668.80 rental Equipment 360.00 300.00
i Ocher services s (60,00)
` Capital outlay e" 700.00 2,183.31 (516,69)
1,000x00 46,959.53 19,959,53
48,531 Po 74 17' b2 25.191 62
t Sewage treatment and disposal: - - _ A_
Salaries and wages 3t,,084.00 36,508.04 424,04
Supplies
Power 000-01~ 4,729.50 129 ',0
ltaintenonce 9,800 On 10, 792.68 99: -18
F
Equipment rental 5,500 00 1,938.5,- (7 1c1.46) 1
Other services 762-00 821.00 60,00
Capital outlay 3,300,00 - 3^491.20 191 r
_ 373 00 161 474 ('l3.5f:)
59,819.00 59^443.40 _ ls'S_60)
1
Ccntlnuea
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l
cs
I~ ,lc 4 Cunt,
a
i;Il'Y OF DLY7iCJ, IFahS
Waer and Sck_r S-.stcm Fund rt
f Schedule of Expeedtturea
(and Comparison with Ndgrt), Gr:ttnu.d
Actual
ovc r (uod, r )
P,udgcl Lkut budget 1
Swage collection:
I Salaries and wages $ 59,911 00 59,6i5 74 (295,26)
Supplies 5,400.00 5,193.06 (206.94)
'taintenance 13,000.00 1(,212 81 (i,?87.13)
Equipment rental 1i,322.00 16,842.00 (560.00)
Cther services 9,200. 00 11,50:9 So 3,308,80
Capital outlay ,,000 00 13.20 44 (31,793-56) +
l 6+,833 0 , 11 5;8.91 (31,25'1,(19)
Nondc artmcnt:iI - in rancc 60i) u! n,i4.31 1,763:31
Pro rata shore of w lity Ini;rl itnn
,ruses:
Salat,:, and Cris 4. 3 69 (6,272.98)
SupFli s 35,91' 602.57
I Ma in t nance 3 '16 97 (66.36)
Equi cnt r, iI 10 0',.00 (196.00)
Othz setv14 6 n0 3,35O.84 (2,649.16)
Gap, 31 outlay ^1 00 _620,59 _965_59
25..33 %,881 99 (7,616:34)
ticonemic development EV,C)O,O) 14,3'•,27 4,356.27
Transfers to General fund - administr Ilion
services -b,,682 09 53,499.09 (34,182 99)
Building program 200,000 20x,000.00 ~y
J _
Ptovision for uncollet tibIt acm 15,460.99 15,460.99
t Total expenditures 92T,139 41 X91,299.82 (46,449.59)
4 Deduct cap1t31 ex;.•endit arcs and r,u-act
payment for G,,r¢a-11tt1e Elm i<c;e,-vc:t 321 :93 00 311,533,28 (8,659.72)
4 i:xpendi res char f agn,nst
oiler (ing ,cvenu•$ 60, 509,755.54 (37,789.627)
I
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T
rf
S[1111 lC 7
CITY OF 01NIUN, 'IICA5
t -
Sciledtill of Ch 3ngcS in Gc uc ral f xtd Assets - by SoU: cc,
i
Year ended Sr..ptEmber 30, 1968 /
ImptovemEnts
:r
otber than
To [al Land Buildings buildings
Balance, September 30, 1?67 $ 5,487,120.72
--716_741-550 1,250,495.336 3,519,883,86
Add:
Expenditures from Capital
Projects Funds 1,211,081.37 440,990.66 351,822.15 418,268.56
Expenditures from Ceneral
Fund 91,349.66 11,535,00 23,246.76 56,567.90
1,302,431.03 - 452,525.66 - 375,068.91 - 474,`836.46
Balance, September 30, 1968 $ 6,789 551.75 1169267.16 1,6251564.27 3,994.720.32
r.
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CI I I) 11 NIUN, 3F.~ S
Schedule of Changes in Ur nera1
+ mixed Assets - by Functions and Ac tini tit
........,..~.....w'a....ww..~e.......1..A+.~+w.ew.F~.I~LAIM~i.-AfMA'iIM`~'
Year ended September 30, 1968
Balance Balance
September 30, September 30, -
1967 Additions 1968
General government:
Staff agencies:
Administrative offices and boards $ 1,356,92 3,945.96 5,302.88
Finance 7,277.00 3,193.25 10,470.25
` law 2,762.76 4,344.23 7,106.99
Engineering 15,302.91 1,285.14 17,588.05
General government buildings, land
and other 1,351,163.94 173,137.22 1,524,321.16
Utility accounting 1,603.01 5,557.22 7,160.23
Total general government 1,379,486.54 _ 192,463.02 1,571,949.56
Public safety:
Police protection 4,281.24 6,310.94 10,592.28
Fire protection 145,374.85 2,484.53 147,859.38
Civil defense and safety _10,313.35 35,658.04 45,971.39
Total public safety ~159,s69_44 44,453,551 _ 204_,42295
Streets and highways 3,137,773.32 859,194.37 3,996,967.69
Sanitation and waste removal 54,485.46 54,485.46
Health and hospitals 150,000.00 472.35 150,472.35
Libraries 84,496.69 178,472.78 162,989,47
Pdrks and recreation 292,215.95 27;053.00 319,268.95
Aitpott _ 228,693,32 302.00 _ 228,995.32
$ 5,487 1 120,72 1,302,431.03 6,789,551.75
I
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,A
C11'i OF Dh.^;ft`J, ]t,S.;5
3
Sctud;,tlc of C.enrril Fir.id
Assets - by Functions and A.trvities
September 30, 1966
Improvements
other than
Total Iond Buildings buildings
General government:
Staff agencies:
Administrative oifices
and boards $ 5,302.86 - _ 10,40.25
finance 10,470.23 -
1 Law 7,106.99 - - 7,106.99
Fngineering 17,588.05 - - 17,588.05
General government
buildings, land and
other 1,524,321.16 524,883.00 978,987.57 20, 50.59
Utility accounting 7,160.23 7,150.23
Tntal general
A government 1,571,949.56 _ 524,883.00 978,981.57 63,078.99
Public safety:
Police protection 10,592.18 - - 10,592.18
Fire protection 147,859.38 19,8+9.00 78,136.00 49,874.38
Civil defense and safety 45,971.39 11,535.00 22.565.54 11.870.85
Total public safety 204,422,95 31,384.00 100,701.54 72,337,41
Streets and highways 3,996,967.69 446,521.16 - 3,550,446.53
Sanitation and waste removal 54,485 46 18,479.00 36,006.46
Health and hospitals 150,472.35 - 150,000.00 472.35
Libraries 262,98°.41 262,879.62 109.85
A
Parks and recreation 319,268.95 83,000=00 6,15122 230,127.73
r Airport 228,995.32 65,f,G1.00 126,854.32 37,141.00
S 6,789 551,75 1,169,267.16 1,625,564.27 339_94720.32
{
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fj
1111
it
9
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n
Si1.cd~]li of 11 Mud i)" I)t ~J
SCrtcmbr1 30, 1968
Interest _
Rates Payable
General Obligation Bonds:
1929 Fire Station Improvement i% 1-1; 7.1
1929 Park Purchase and Improvement 54 1-1; 7-1
1929 Street Improvement 57. 1-1, 7-1
1947 Library Building 2-1/27, 5.1; 11.1
1948 Street improvement 3-1/4% 3.1, 9.1
1960 Street Improvement 3.1/2 to 3.857 1-15; 7-15
1962 Street Improvement 2-3/4 to ?-1/57, 3-15; 9-15
1963 Permanent Improvement Warrants 2-3/4 to 2.85% 4.15; 10.15
1963 General Obligation :-112 to 3.1/47, 3-15; 9-15
1964 General Obligation 3 to 5`/,, 1-15; 7.15
1964 Park Improvement 3 o 5/ 1-15, 7-15
1966 Airport Improvement Warrants 4-'/2'Z 6.1; 12-1
1966 General Obligation 3.3 to 57, 1-15; 7.15
1967 General Obligation 4.25% 5-15; 11-15
1968 General Obligation 4 to 5; 2-1; 8.1
Total General Obligation Bonds (Schedule 9)
Electric System Revenue *onds:
1954 Electric System 2-3/4 to 2.91 5-1; 11-1
1955 Electric System 2.3/4 to 2.9% 5-1; 11-1
1935-B Electric System 3'i1 5.1; 11-1
1961 Electric System 3.3/4 to 5.1/27 5-1; 11-1
1965 Electric System 05 to 5'/. 5.1, 11-1
1968 Electric System 4 tt, 57 5.11 11.1
Total Electric System Revenue Bonds (Schedule 10)
Water and Sewer System Revenue Bonds:
1960 Water and Sewer System 4 to 51; 1-15' 7.15
1962 Wrtter and Sewer System 3 to 3.457 1-15, 7.15 I
1954 Water and Sewer System 3 to 3.47. 1.15; 7.15
1966 Water and Sewer System 3.3 to 4.57 1.15; 7.15
Total Water and Sewer System Revenue Bonds (Schedule 1))
Notes:
(1) Bonds maturing within one year; varyinp>. amounts mature serially thereafter.
(2) $30,000.00 maturing, May 15, 1970 through May 15, 1989.
(3) $50,000.00 maturing November 1, 1969 through November I, 1988.
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6:I1/.i11~,
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r.~
Final Annual
Issue nacu:lty principal Bonds
date date 21ym its I sl,cd _ Retired Outstanding
7- 1-29 7- 1-69 $ 2,000.00 30,000 00 28,000.00 2,000.00
7- 1-29 7- 1-69 1,000.00 18,000.00 17,000.00 1,000.00
7- 1-29 7- 1-69 2,000.00 37,000,00 35,000.00 2,000:00
11- 1-47 5- 1-69 25,000.00 50,000 00 25,000.00 25,000.00
3- 1-48 3- 1-71 25,000.00 (1) 150,000 00 25,000.00 125,000.00
7-15-60 7-1~-85 25,000.00 600,000.00 175,000.00 425,000.00
3-15.62 3-15-87 20,000.00 500,000 00 120,000 00 380,000.00
4-15-63 4-15-76 20,000.00 (1) 305,000.00 45,000 00 260,000.00 I
3-15-63 3-15-88 20,000,00 500,000.00 100,000.00 400,000.00
7-15-64 7-15-82 20,000.00 (1) 800,000.00 50,000.00 750,000.00
7-15-64 7-15-82 10,000.00 (1) 200,000.00 40,000.00 160,000.00 J
12- 1-66 12- 1-81 500.00 (1) 113,500.00 - 113,500.00 1
1-15-66 1-15-86 25,000.00 0 ) 1,000,000.00 25,000.00 975,000.OU
11-15-67 5-15-89 - (2) 600,000.00 - 600,000.00
2- 1-68 2- 1-88 25,000.00 (1) -1,a0J1000.00 11000,000.00
.90,~99~
$
11- 1-54 11- 1-84 135,000.00 (1) 4,287,000.00 1,36;,000.00 2,920,000.00
5- 1-55 11- 1-85 41,000.00 (1) 1350,000.00 422,000.00 928,000.00
{ II 11- 1-55 1l- 1.85 41,000.00 (1) 1,387,000.00 420,000.00 967,000.00
I- 1-61 11- 1-90 75,000.00 (1) 5,200,000.00 225,000.00 4,975,000.00
1- 1 65 11- 1-84 250,000.00 (1) 4,000,000.00 750,000.00 3,250,000.00
2- 1.68 11- 1-68 (3) 1,000,000_00 11000,000.00
1 S 1L224.000.00 "Moo l o4 14 , g4Q.000 00
7.15-60 7-15-90 45,000.00 (1) 1,700,000.00 160,000.00 1,540,000.00
1-15-62 7-15-90 25,000.00 (1) 1,000,000.00 _ 130,000.00 870,000.00
7-15-64 7-15-84 15,000.00 (1) 250,000.00 60,000.00 190,000.00
1-15-66 7-15-86 50,000.00 1,000,000.00 100,000.00 900,000.00
$ _ 3,950,000,00 _4,ooo.gq _3 L0 0o
.
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Sclied uIc (if Ce-tict,11 Llbtil;1t1 ,Id :uul lnt~oc~t F;cnuitC1IC nts
SC IUkighcr 30, 1968
Year ending
September 30, Principal Interest Total
1969 $ 220,500,00 209,446.20 429,946.20
1970 286,000.00 178,027.50 464,027.50
1971 291,000.00 167,431.50 458,431.50
1972 318,000.00 156,802.56 474,802.56
1973 323,000.00 145,325.00 468,325.00
1974 328,000.00 133,875,00 461,875.00
1975 329,000.00 122,453.80 451,453,80
1976 329,000.00 111,235.00 440,235.00
1977 290,000.00 99,927.56 389,927.56 -
1978 290,000.00 89,715.05 379,715.06
1979 290,000.00 79,465.06 369,465.06
1980 286,000.00 69,092.56 355,09L56
1981 287,000.00 58,787.56 345,787.5(,•
1982 281,000.00 48,515.06 329,515.06
1983 205,000.00 38,462.50 243,462.50
1984 205,000.00 30,715.00 235,715,00 -
1985 205,000.00 22,94?.50 221,947,50
1986 180,000.00 15,180.00 195,180.00
1987 120,000.00 9,420.00 129,420,00
1988 125,000.00 4,487.50 129,487.50
1989 30,000.00 1,275.00 F 31,215.00
$ 5,218,500.00 1,792,586.92 1,011,086,92
i
Jul~ !0
Schedule of Ilrer,tc SlStt.1 Arvenue
Rood and lnterc<t 6tquirr~_utt
Septer~tnr 30, 1969
Year ending
September 30, principal Interest Total
1969 $ 542,000.00 492,518,50 1,034,518,50
1970 600,000.00 457,324.75 1,057,324.75
071 613,000.00 431,555.50 1,044 ,55.50
1972 595,060.00 407,086.25 1,002,086.25
1973 557,001+.00 386,583.00 943,583.00
1974 569,000.00 368,314.50 937,314.50
1975 576,000.00 349,868.25 925,868,25
- 1976 590,000.00 331,352.25 921,352,25
1977 602,000,00 312,6 o .75 914,672.75
1978 614,000.00 293,585.25 907,585,25
1979 628,000.00 273,969.75 901,969.75
1980 640,000.00 253,703.00 893,703.00
1981 654,000,00 232,867,75 886,867.75
1982 666,000.00 211,51+.00 877,514,00
1983 680,000.00 189,704.25 869,704.25
1984 694,000.00 161,506.50 861,506.50
II 1985 713,000.00 147,492.00 860,492.00
1986 547,000,00 128,574.50 675,574.50
1987 565,000.00 101,330,00 672,330.00
1988 590,000.00 84,300.00 674,300,00
1 1989 610,000.00 60,100.00 670,100.00
1990 585,000.00 36,100.00 621,100.00
1991 610,000.00 _ 12,200.00 _ 622,200.00
$ 14,040,000 00 5,736,22275 1917222.75
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SC"Cdulc c+l L ,+aJ Sctat ~`s 1
tore
hinmie l;ond and interest Feyuurnts
.c p te:r,', Fr 3f), 1968
Year ending
September 30L I'ri°cSDaI Interest Total
1969 $ 135,000.00
1970 140,000,00 128,662.50 263,862.50
1971 140,000.00 123,162 50 263,162.50
1972 145,000.00 117,650.00 257,650,00
1913 145 112,500.00 257,500,00
1974 ,000.00 107,500.00
150,000.00 102,500.00 252,500.00
1975 150,000.00 252,500,00
1976 155,000,00 97,300.00 247,300,00
1977 155,000,00 92,075.00 247,075.00
1918 160,000.00 86,527,50 20, 527.,50
1979 165,000.00 80,930.00 240;930.00
1980 170,000.00 75,132,50 240,132.50
1981 170,000,00 6`7,167.50 239,167,50
1982
62,992,50 132 992.50
180,000.00
1983 180,000,00 56,767.50 23,, 767,50
1484 185,000.00 0,175.00 230;175.00
1985 43,577,50
1986 IE0,000.00 36,780.00 "Z,577.5U 1981 185 000,00 30,100.00 216 780.00
,00
1988 150 000.00 23,220.00 211685220100.00
1989 I55 000.00 11,720.00 151,720 00
1990 160,000.00 11,995,00 166,995.00
6,097,50
166,097,50
$ 00,000,00 1,532`732.50
5,032,732,50
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CiIY IIF LI I,NIt~N 1,Y AS
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SC It d.ile u[ IsonJ5 AIt tlLai ized and In issucd
Septeml,er 30, 1968
Water and
Electric Sewer
General System System
i DbliAation Revenue Revenue
Bonds authorized $ 8,200,000.00 31,224,000.00 5,O1G,000.00
Bonds issued (Schedule 8) 5,903,500.00 17,224,000.00 3,950,000 00
Bonds authorized and unissued $ 2,296,500.ro 14,000,000.20 1,060L000.00
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Note - Bonds authorize, .!n9 unissued for the Electric System and the Water and Sewer
System may be issued for the extension and improvement of tha respective
utility systems. General Obligation Bonds authcrired end unissued may be
issued for the following purposes:
Street improvements $ 2,285,00C•00
Airlnrt improvements 11,500.00
$ 2,291,500.00
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CI I IMF Ui_"•lt?5, if ~'AS
$,:}•,,.d~oI( ~,t R•unue r'.,nd CM _}it 1.'1l'r32r
fear ended Sclit tmbcr 3U, i9tb
EIectric System Fund
System income available for debt service $ 11709,886.16
Average annual debt service requirements S _938,00_2.67
Debt service coicrage 1.82
1
Water and Sewer SVStEm Fund
System income available for debt service $ 474,054.02
Average annual debt service requiremc-tts
$ 2303944,04
Debt service coverage `
2.U5
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SCI ItjIc 14
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s
d!sIc ui Islmea Cs
. S"ptenl,Er 3U, 196S
Interest Maturity
rate date Amount
General Fund
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 $ 10,000 00
North Texas Savings and Loan Association ~_JLA 12-31-58 10,000.00
$ _ 201000.00
Special Assessment and Capital Protects Funds
Street Improvement
Open time deposit - First State Bank of Denton 4.fZl1-1-69 $ _Q C 0 .00
Fire Statior
Open time deposit - First State Bank of Denton 41G 11-20-68
Park and Recreation
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 10.1-68 $ 17,000.00
- North Texas Savings and Loan Association 1-1/4 12-31-63 10,000m
$ 27,000 00
r
Motor Pool Fund
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 7. 10-1-68
North Texas Savings and Loan Association $ 10,000.00
Open time deposit - First State Bank of Denton 4 l/4 12-31-68 10,000.00
11•31.68 160,000.00
$ 120,000.00
Trust. Agency and Miscellaneous Funds
Firemen's Pension Fund
Time certificates of deposit:
Denton Federal Savings and Loan Association 5-1/4% 12-31-68 $ 5,000,00
Denton Federal Savings and Loan Association 5
North Texas Savings and Loan Association LO-1-68 10,000.00
North Texas Savings and Loan Association 55 3-31-68 5,000..00
American Savings Association .1/4 12-31-68 10,000.00
' Mutual Savings and Loan Association 5-1 /4 12-31-68 15,000.00
5 12.31-68 10,000.00
Coutlnued
.4
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7 1 _r.'1;1C 14__C"11
C1'1'i nI' 1) Ili F}_1S /
Schedule ~f InrosU,Lilt Cuntinu,
Interest P'aturify
t
rare date AaH!uiG
Trust, Agency and *lisceIlaneous Funds, Continued
j Firemen's Pension Fund, Cont.
Time certificates of deposit, cont.:
,
Republic Savings and Loan Association 5-1/4% 17.31.68 $ 15,000 00
Colonial Savings and Loan AssociarlOn 5-1 /4 12-31-68 15,000.00
Farm and home Savings Association 5.1/4 12.31.68 :0,000 00
Savings Account - Decatur swings ~,nd 4.3/4 15,000 00
Loan Association
Common stock (at cost, which approximates
market): - 1,516.85
Bank of America - 25 shares 1.567.35
Standard Oil of t'~ew Jersey - 25 sl.ares
Natior.al Dairy Produces - 25 shares - 917 16
General Foods Corporation - 100 shares 7,207.12
Oklahoma Natural Gas Co. - 100 shares 2aO52.25
$ _123,26073
r 4 Electric System Fund
System Fund
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 7, 10-1-68 $ 10,000.00
North Texas Savings and Loan Association 5.1/4 12.31-65 _ 10,000.00
$ _ '_0 OOG^DO
Revenue Bond Debt Service
~J lime certificates of deposit:
Denton Federal Savings end Loan Association 5 % 10-1-68 $ 10,000.00
North Texas Savings and Loan Association 5.1/4 12-31-68 10,000,00
Open time deposits:
First State Bank of Denton 1 10••26-68 332,156.00
First State Bank of Denton 4 10-19-68 369,500 00
$ 7.11 ,656.00
Revenue Bond Reserve
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 10,000.00
North Texas Savings and Loan Association 5-1/4 12.31-68 10,009 00
Open time deposits:
First State Bank of Denton 4 12-26 68 24,760.00
First State Bank of Denton 4 10-19.68 9.800.00
First State Bank of Denton 4.61 1-1-69 857,000.00
$ _911550 00
Continued
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pa 3 Ichedule 14, Cont.
Ciry or DENTON, 1'1XAS
cc
Scliedule of Investments, Continued
w f
Intere;i Maturity
rate date Amount
Electric Stistem Fund, Continued
Revenue Bond Reserve. Cont.
M,
S. Government obligatio,15:
U. S. Treasury Notes (market value -
M $75,900.00) 5 12.15-70 $ 79,898.00
U. S. Treasury Bonds (market value -
$44,606.25) 4-1/8 11-15-73
44,824,63
$ _ 124,722,63
Revenue Bond Construction
Open time deposit - First State Bank of Denton _ 4% 11-20.68 $ 450,000_._0_0
Water and Sewer System °und
w~ -
System Hind
i
Time certificates of deposit:
Denton Federal Sr--ings and Loan Association 5 7, 10.1.68
North Texas Savings and Loan Association $ 10,000.00
X114 12-31.68 101000.00
j $ 20,00000000
Revenue Bond Debt Service
Open time deposfta: 1
First State Batik of Denton ,,76.68 $ 4b,000.00
First State Bank of Denton 4 1r 19.68 35,700.00
,
` Revenue Bond Reserve 4 =
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 10.1.6E $ 10,000.00
North Texas Savings and Loan Association
Open time deposits: 5-1/4 12.31-68 10,000.00
" First State Bank of Denton
First State Bank of Denton 4 12-26.68 14,380,00
1i,61_ 1.1.69 _202.,00.00
$ _ 234 380.00
Revenue Bor_ d Construction
Open time deposit First State Bank of Denton G"
__4s 10.2-68 $ 200
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C1T5 OF DENrON, 1EXAS
Schedule of Insurance in Forcc
Sep te.nber 30, 1968
Policy EMpiratior
Insuring corn any number date
'Pain City Fire Insurance Company 46PSP005395 10. 1.71
Commercial Insurance Company F6006359 10- 1-10
Cimmercial Insurance Company F'6006360 10- 1.70
Culf Insurance Company CA5354476 9-10.69
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Gulf Lisuranee Company SPC5154072 12-18.69
The Hume Insurance Company N326311 10. 1.69
k
The Wme Insurance Company N8513727 Continuous
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Givere Amount or limit
w General boiler and machinery $ 5,000,000,00
r
Fire and extended coverage on utility systems
` buildings and contents $ 12,400,000.00
90% coinsurance
re F.re and extended coverage on building and
contents not otherwise covered $ 1,523,500.00
90% coinsurance
' Public liability:
ry
General:
Bodily injury $ 50/100,000.00
Property damage 5/25,000.00
M! Automobile:
Bodily injury 50/100,000.00
i+ Property damage 5,000.00
Robbery:
F Inside premises 2,000.00
Outside premises 1,665,00
I Y+t
to Faithful performance bond:
City Manager 72,500.00
f~ Finance Director 72,500.00
Each employee 2,500.00
to Faithful performance boni Tax Assessor/Collector 10,000.00
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1-1
sn.
CITY OF DENTON, '1CXAS
Assessed Value and f.sl.matcd
True Value of All Taxable Froperty
Ten years ended September 30, 1968
_ Peal property
Year ended Tax Assessed Estimated
September 302roll year value true value
1959 1958 $ 22,139,651 62,177,143
1960 1959 23,544,524 67,270,069
1961 1960 26,193,240 64,781,035
1962 1961 29,536,418 73,841,045
1963 1962 32,167,638 80,419,095
1964 1963 36,105,470 90,263,675
1965 1964 39,713,490 99,283,725
1966 1965 42,978,610 107,446,525
1967 1966 47,403,190 118,501,975
1468 1967 4.720 12=3!.1,114.310
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Ratio
Of total
Personal property Total assessed
Assessed Estimated - value to
Assessed - Estimated
value true value estimated
value true value true value
5,938,983 17,537,143 28,078,634 79,714,286
35%
6,021,973 17,205,623 29,566,497 84,475,692
35
6,973,065 16,716,993 33,166,305 81,498,028
41
7,238,756 18,096,890 36,775,174 91,937,935
40
7,779,232 19,448,080 39,946,870
99,861,175 40
7,230,770 18,076,925 43,336,140 108,340,600 40
8,836,ti0 22,090,275 48,549,600 121,374,000
40
9,494,495 23,736,237 52,473,105 131,182,762
40
28,139,212
11,255,685 58,658,815 146,667,187 4C
, 8 30,555,495
61~5A9 918 t53,974i7e3, 40
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CITY OF DF'NTON, 1CRAS J
.r
Tax Fates and Tax Levies
Ten years ended Scptcmher 30, 1968
Tax Assessed valuations
Year ended roll Real Personal
September 30, year MiMi.2 2 opera Total
1959 1958 $ 22,139,651 5,938,983 28,078,634
1960 1959 23,544,524 6,021,973 29,566,497
1961 1960 26,193,240 6,973,065 33,166,305
1962 1961 29,536,418 7,238,756 36,775,174
1963 1962 32,167,638 7,779,232 39,946,870
1964 1963 36,105,470 7,230,770 43,336,240
1965 1964 39,713,490 8,836,110 46,5149,600
1966 1965 42,978,610 9,494,495 52,473,105
1967 1966 47,403,190 11,255,685 58,658,875
1968 1967 49,367,720 12,222,198 61,589,918
Tax Rates
The constitutional and statutory tax rata limit, including debt service, is $2.53 on
each $100.00 of assessed valuation.
Tax Due Dates and Penalties
Taxes are due on October 1 and become delinquent on February 1. Taxes may be 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 67., May 7`7. Interest on
delinquent taxes, in addition to penalties, accrues at t!e rate of 1/2% per month.
No discount is allowed for early payment.
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; 10
w Table
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s levied _1I
r1ax Total General Fund - Taf _Eor
rate tax Levy Kate _ SinklnR Fund
Amount Rate Amount
1.50 421,179 1.177587 330,649 .322413 90,530
1.50 443,497 1.27 175,494 .23 68,003
'_.50 497,495 I.14 378,096 .36 119,398
1 1.50 551,628 1.06
389,817 .44 161,811
1.50 599,203 1.075 429,429 .425 169,774
1.50 650,044 1.178 510,501 .322 139,543
1.50 728,244 1.03 500,061 .47 228,183
1.50 787,096 1.055 553,591 .445 233,505
1,50 879,683 .9825 576,323 ,5175 303,560
1.50 923,849 .9525 586,644
.5475 331,205
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E
CITY OF DE.NIIO,Y, TESAS
K
Tax Levies and Tax Collections
Ten years ended S lumber 30, 1968
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Collection of
Year ended Total tax current year's Percentage of levy
September 30, levy taxes during,-year collected during year
1959 $ 418,500 369,605 93.10%
1960 443,497 415,595 93.71
1961 480,450* 462,634 96.29
1962 549,807* 501,956 91.30
1963 598,710* 545,358 91.09
1964 648,283* 608,596 93.88
1965 722,718* 683,137 94.52
1966 785,322* 732,325 93.25
1967 877,537* 811,554 92.47
1968 923,849* 873,030 94 49
~I
*Total tax levy figures for 1961-1968 are adjusted to include debit and credit memos and
their effects. Statistics unavailable for prior years,
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Table III
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M
Ratio of
Collection Ratio accumulated
of prior of total Accumulated delinquent
years' tares 'total collections delinquent taxes to current
during year collections to tax levy taxes year's tax levy
~ I
1 $ 44,025 433,630 103.6271, $ 85,022 20.32%
13,951 429,546 96.85 99,400 22,41
W 37,774 500,408 104.15 96,486 20.08
20,320 522,276 94.99 117,989 21.46
I ~ I
22,666 568,024 94.87 149,168 24.91
I, 43,806 652,402 100.64 146,952 22.67
42,529 725,666 100.41 137,077 18197
1
23,849 756,174 96.28 165,702 21.10
38,566 850,120 96.86 186,797 21.29
j
31,915 904,945 97 .95 194,600 21 '06
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Table IV
CITY OF UENTON, 'IF.DAS 1
i
Ratio of Net CeneraL Bonded Debt to
A9seBsed V,h,n a-I Not TA,nl-2 DL L ~,i CiplLa
Ten dears ended September 30, 1968
_ I
i
Luse Net
debt bonded debt
Estimated Cross service Net Ratio to
Year ended Pop- Assessed bonded net bonded assessed Per
September 30, ulation valuation debt assets debt valuation capita
1959 31,014 $ 27,900,000 741,000 43,260 697,740 2.50°! $ 22.50
1960 26,844 29,566,492 1,236,000 35,807 1,200,193 4.06 44.71
1961 28,000 32,579,211 1,152,000 40,852 1,111,148 3.41 39.68
1962 28,240 36,775,174 1,566,000 61,721 1,504,279 4.09 53.27
1963 30,117 39,946,870 1,263,000 84,362 2,178,638 5.45 72.33
1964 32,082 43,336,240 3,133,000 26,211 3,106,789 7.17 96.84
11 i
1965 32,988 48,549,600 2,999,000 - 2,999,000 6.18 90.91
i
1956 36,000 52,473,105 3,847,000 (2,633) 3,849,633 7.34 106.93
1967 38.500 58,658,875 3,807,500 (1,753) 3,809,253 6.49 96.94
1968 39,000 61 589,918 5,218,500 5,057 5,113,443 8.46 133.68
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OVA Table V
CITY' OF DENTON, 'TEXAS
w
Schedule of Debt Margin
September 30, 1968
Assessed valuation, October 1, 1968 $ 67,000,291
Debt limit - 107, of assessed values (note) $ 6,700,029
Net bonded debt (exclusive of Revenue Bonds) 5.213,443
Debt margin $ 1,486,586
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Note - The City of Denton, Texas has no legal debt limit under Texas law, However,
107 is generally accepted as a safe margin.
Table VI
CITY OF DENTON, TEXAS
Schedule of Estimated Direct and Overlapping Debt
ueptember 30, 1968
Percentage
applicable bhmicipality's
Net debt to this share
outstanding municipality of debt
City of Denton, Texas $ 5,213,443 100.00% $ 5,213,443
Denton Independent School District 6,351 918 81.87 5,200,315
Denton County 1,337,124 42.57 569,214
Total direct and overlapping
debt $ 12,902,485 85.122 10,982,972
1968 assessed valuation $ 67,000,291
Ratio of direct and overlapping debt to
assessed valuation 16.39%
Direct and overlapping debt per capita $ 281.61
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Table VII
CITY OF DENTON, TEXAS
Miscellaneous Statistical Data
M September-30, 1968
Area of City 22.76 square miles
Date of incorporation September 26, 1866
Form of government Council - manager
Total City employees (including
scagonal employeeL) 436
1964 1965 1965 1967 1968
Estimated population 32,082 32,998 36,000 38,500 39,000
Tax rate - per $100
valuation $ 1.50 1.50 1.50 1.50 1.50
Asse sed valuation $ 48,549,600 52,473,105 58,658,875 61,589,918 67,000,291
^ Electric production
(KIM) 142,649,120 159,610,820 198,346,800 217,275,500 289,672,011
Electric customers 9,894 9,958 10,586 10,750 10,950
r` Water production
(1,000 gallons) 1,458,482 1,489,010 1,507,456 1,717,276 1,704,250
1 Water customers 9,209 9,317 9,602 9,750 9,950
General Fund revenues $ 1,222,885 1,390,366 1,504,474 2,011,888 1,174,935
f w. General Fund
expenditures and
encumbrances $ 1,058,338 1,244,503 1,664,849 2,054,773 2,034,625
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