HomeMy WebLinkAbout09-30-1987
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' CO"MMNSIV ANNUAL
nXAIITClrAl RXPORT
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CITY OF DRNTON, Til,XAS ►
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CITY OF DENTON
e COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year Ended September 30, 1987
Prepared by the
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i CITY OF DENTON$ TEXAS
~v 0 FINANCE DEPARTMENT
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CITY COUNCIL
Ray Stephens, Mayor
Linnie McAdams, Mayor Pro-Tem
Jim Alexander
Hugh Ayer
q Randall Boyd
Bob Gorton
Jane Hopkins
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" CITY MANAGER
Lloyd Y. Harrell
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EXECUTIVE DIRECTOR OF FINANCE
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1 John F. McGrane
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TABLE OF CONTENTS ^
Page
INTRODUCTORY SECTION: ^
Transmittal Letter...
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E: Organization Chart..*., , * vii
Certificate of Achievement viii
FINANCIAL SECTION:
y I Yb}•~. Auditors' Report
General Purpose Financial Statements- ~
Combined Balance Sheet - All Fund Types and Account Groups,,,,,,,,,,,,,,,,, 2 E
Combined Statement of Rerrnues, Expenditures and Changes in Fund
Balances - All Governmental Fund Types and Expendable Trust Funds......,, 8 t
' Combined Statement of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual General, Special Revenue and Debt Service 0 i
Funds 1
Combined Statement of Revenues, Expenses and Changes in Retained
a ,a• Earnings - All Proprietary Fund Types and Nonexpendable Trust Fund......, 12
Combined Statement of Changes in Financial Position - All Proprietary
b
1 ! Fund Types and Nonexpendable Trust Fund... 14
t Notes to Financial Statements 17
Combining and Individual Fund Financial Statements-and Schedules-
Combining Balance Sheet - All Special Revenue Funds 40
il,•.; Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - All Special Revenue Funds,,,,,,,,,,,,,,,,,,,, 42
Combining Balance Sheet - All Capital Projects Funds 46
,x Combining Statement of Revenues, Expenditures and Changes in Fund
' Balances - All Capital Projects Funds..... 48 -
N Combining Balance Sheet - All Enterprise Funds 52
' Combining Statement of Revenues, Expenses and Changes in Retained G
Earnings - All Enterprise Funds 56
Schedule of Revenues,
Funds 58 l
CoEarn Combining Statement and Changes an AlI Enterprise Retained
g h nges in Financial Position All 4i
Enterprise Funds,., 1 6 6 0 0 A 6 6 0 6 6 6 1 a 1 1 ......................60 'Combining Balance Sheet - All Internal Service Funds 64
Combining Statement of Revenues, Expenses and Changes in
M Retained Earnings - All Internal Service Funds bb f k
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Combining Statement of Changes in Financial Position - All 68
Internal Service Funds
Schedule of Revenues, Expenses and Changes in Retained
Earnings - Budget and Actual - Working Capital Fund 70
Combining Balance Sheet - All Trust and Agency Funds 72
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Statement of Changes in Assets and Liabilities - All Agency Funds..,...... 74
Supplemental Financial Information-
General Fund -Schedule of Expenditures -Budget and Actual 78
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Ji Combining Balance Sheet - Utility System
Combining Statement of Revenues, Expenses and Changes j
in Retained Earnings - Utility System.... 94 }
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STATISTICAL SECTION (UNAUDITED):
1 Table
1 General Government Expenditures by Function Last Ten Fiscal Years..... 99
a,• 2 General Revenues by Source Last Ten Fiscal Years 100
102
3 Property Tax Levies and Collections Last Ten Fiscal Years
4 Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years 104 t
5 Property Tax Rates and Tax Levies - All Overlapping Governments 106
p s Last Ten Fiscal Years
6 Special Assessment Collections Last Ten Fiscal Years...... 107 i
wa , ; 7 Ratio of Net General Bonded Debt to Assessed Value and Net 1i
• , Bonded Debt Per Capita Last Ten Fiscal Years 108
8 computation of Legal Debt Margin 110
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9 Computation of Direct and Overlapping Debt 111
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Bonded Debt to Total General Expenditures Last Ten Fiscal Years..... ;i24 i
I 11 Revenue Bond Debt Service Coverage - Last Ten Fiscal Years
`j 12 Property Value, Construction and Bank Deposits - Last Ten Fiscal Years... 116
13 Principal Taxpayers 119
f 14 Schedule of Insurance in Force 120
p, 1f - 15 Demographic Statistics - Last Ten Fiscal Years 122
16 Miscellaneous Statistical Data........•... 123
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CITY of DeNTON / 215 E. McKinney / Denton, Texas 76201
` December 28, 1987
Manager
~~To the Honorable Mayor, City
and City Council,
! City of Denton:
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` Y The Comprehensive Annual Financial Report of the City of Denton, for
the fiscal year ended S~ptsmFinao a D1987 epartmentubmiRtespo sibility for ibothpthe
was prepared the C1 y 4
We believe the
(1 data acesentstion,th including ated ll di sclosures,~restspxithn the City,fairness es the
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Ark r,' mate data, as preeneditoafairlyeset forth theifinancialt positioniandsre ultstof
in a manner desisig the fi
act,
of i operations of the City isclosuresr necessary tonenablle the vreader to sgain ithe
funds; and that all maximum understanding of the City's financial affairs have been included.
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Accounting System and Budgetary Control
the City's accounting system,
in developing and evaluating of internal accounting controls.
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but not
10 consideration is given to the adequacy
Internal accounting controls a{j) designed nsafeguardingidof assets reasonable loss
absolute, assurance regarding: rel ial
stateme is and)maint iniing abiacclity
from unauthorized use financial disposition;
records for preparing the cost of a
assets. The concept of reasonable assurance recognizes that: (1)
y control should not excendd tbenefitsfi requiresy estito be ved; jand t
evaluation by
e of co.,ts
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) ! management.
All internal control evaluations occur within the above framework.
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We believe that ~v de redty's assuranceunofngproperrecordingteuf financial
assets 4
transactions.
p Budgetary control is maintained at the activity level by the
encumbrance of s Purchasecorders amounts which result t in t an overrun of activity
orders to vendors. . made availa a balances are not released ortediasareservatiori ofpfundibala ce at Septemberb30,
Open encumbrances are rep
f r 1987.
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The Reporting Entity and its Services
This report includes all of the funds and account groups of the _
City. It includes all activities controlled by or dependent on the City.
The City provides the full range of municipal services contemplated
by statute or charter. This includes public safety (police and fire), '
highways and streets, electric, water and sewer utilities, sanitation, parks
and recreation, public improvements, planning and zoning, and general
administrative services.
ons
" Gen(GovernmentalnFund Types)
General governmental revenues totaled $21,716,001 in 19870 an
increase of 6.6% from 1986. Property taxes produced 49.63% of general ^
J revenues compared to 41.21% last year. The amount of revenues from various
sources and the increase over last year are shown in the following tabulations: j
Increase
Percent (Decrease)
Revenue Source Amount of Total from 1986
Taxes $15,8651362 73.1% V..027,349
Licenses and permits 280,171 1,2% 199,067)
Utility franchise fees 426,319 2.0% 48,359
Intergovernmental 19192,995 515% (6981440)
Fees for services 1,128,164 5.2% 789694
Fines and forfeitures 780,748 3.6% 121,554
Interest revenue 19074,211 4.(1116507)
Miscellaneous 9671431 4.5% (1150210)
Total 5214716,001 100% $1,351,732
zzaaszazs as aae.e azszazaaaa Assessed valuations of $1,820,463,940 represented an increase of
26.1% over the preceding year.
' Current tax collections were 96,97% of the tax levy, an increase of
j 1.05% from last year. The ratio of total collections (current and delinquent)
to the current tax levy was 99.79%, a 1.27% increase from last year.
Allocations of property tax levy by purpose for 1987 and the preceding two
fiscal years are as follows (amounts per $100/assessed value):
{ Purpose 1987 1986 1985
General Fund $.3702 $.3924 $.3866
Debt Service Fund ,2198 .1976 .2034
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Total tax rate $,5900 $.6900 $.5900
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General governmental expenditures totaled $28,111,463, an increase
of 19.1% over 1986. Increases in levels of expenditures for major functions
.,n of the City over the preceding year are shown in the following tabulations:
1 Increase
Percent (Decrease)
r I Function Amount of Total from 1986
General government $ 71498,530 26.8% $ 996,577
Public safety 12.9% 586,618
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Public works 3:630,471 i
{ Parks and recreation 2,252,216 8.0% 141,353
Capital outlay 3,323,337 11,8% (656,200)
Debt service 3,663,923 13.0% 3,506,777
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$28,111,463 100% $4,51-5-,246-
s Total
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The unreserved-undesignated fund balance in the General Fund
increased to $2,301,698. In addition, the unreserved-designated fund balance
remained at $518,649.
The fund balance in the Debt Service Fund increased from $1,247,326
yw„ to $1,695,340,
Debt Administration
The ratio of net general obligation debt to assessed valuation and
Investors.
the amount of net general obligation debt per capita are useful indicators of citi This dat 'forethe Citytatnthe endnofithe 1987afiscal,year was zenss afollows
Ratio of Net Debt to Net
Assessed Value (100% Debt Per
Y Amount of Present Market) Capita
" Net General Obligation Debt $2692719390 1.44% $416
The City's bond ratings for general obligation bonds at
P Se tember 30i 1987r were A-1 by Moody's Investors' Service and A+ by Standard
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; ; 8 Poor's Corporation.
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Cash Management
Cash temporarily idle during the year was invested in certificates
of deposit ranging from 30 to 365 days to maturity. The average yield on
maturing investments during the year was 6.01, and the amount of interest
earned was $2,958,117. This was $544,759 less than interest on temporary
investments in fiscal year 1986.
Capital Projects Fund
Proceeds of general obligation bond issues are accounted for in
Capital Projects Funds until improvement projects are completed. Completed l
projects and uncompleted construction in progress at year end are capitalized
in the General Fixed Assets Account Group. During 1987, project expenditures
totaled $2,932,978,
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General Fixed Assets
if j The general fixed assets of the City are those fixed assets used in _ f
•~s~~'a' '4" i the performance of general governmental functions and exclude the fixed assets
:a^, of Enterprise and Internal Service Funds. As of September 30, 1987, the
general fixed assets of the City amounted to 559,613,309. This amount
represents the original cost of the assets and is considerably less than tneir
present value- Depreciation of general fixed assets is not recognized in the
City's accounting system.
a Electric, Water and Sewer System
The City's electric, water and sewer utility operations resulted in
income more than sufficient to meet debt service requirements. Comparative
data for the past two years are presented in the following tabulations:
ra 1987 1986 _
Operating Revenues $7311209971 $730507,978
Operating Income 900760559 11,063,635
Income Available for Debt Service 130291,564 14,596,964
Annual Debt Service 5,4820539 509250181
Coverage 1lncome Available for
Debt Service Divided by Average
Annual Debt Service? 2.42 Z.46
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Outstanding utility system revenue bonds as of September 30,
totaled $41,9050000. The bond ratings for these revenue bonds as of
September 300 1987, were A by Mootly's Investors' Service and A+ by Standard
and Poor's Corporation.
Independent Audit
The City Charter requires an annual audit of the books of account,
! financial records, and transactions of all administrative departments of the
} t City by independent accountants selected by the City Council. This require-
meet has been complied with and the auditors' report has been included in this
report.
f'T Certificate of Achievement g
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The Government Finance Officers Association of the United States and
; , Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial
. t 1 Reporting to the City of Denton, Texas, for its comprehensive annual financial
report for the fiscal year ended September 301 1986.
In order to be awarded a Certificate of Achievement, a governmental
unit must publish an easily readable and efficiently organized comprehensive
annual financial report whose contents conform to program standards. Such
reports must satisfy both generally accepted accounting principles and
d.
applicable legal requirements.
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A Certificate of Achievement is valid for a period of one year
We believe our current report conforms to Certificate of Achievement
~r> Program requirements, and we are submitting it to GFOA to determine its
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eligibility ibititY for another certificate,
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Future Significant Activities
Significant activities impacting the State, Denton County, and the
~q'~ts rU` that w1 1 betrequiredtto Aealawilth proj gect d growthhlevelsendant infrastructure
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The County of Denton is projected to grow by 39,5h during the years
1983.1990, The Texas De artment of Water Resources further estimates this
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growth to continue to 96.7 by the year 2000. Denton County is a part of the
Dallas Metropolitan Statistical Area which indicates a growth of 35.2% by the
year 2000.
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In 1980 the City of Dallas contracted with the Corp of Engineers for
the construction and development of Ray Roberts Reservoir in Denton County.
Located immediately above the present Lewisville Reservoir on the Elm Fork at ±
i the Trinity River ten (10) miles northeast of the City. In the contracts with
! the Corp of Engineers, the City will pay for twenty-six (26%) per cent of the
construction cost and Dallas will pay for seventy-four (74%) per cent. Water
obtained from the Reservoir will pro rata on the basis of each City's
proportional share of total construction cost. The 1980 total estimated
project investment cost of the project not including recreational areas was
$37,438,400. The closing of the dam occurred in 1987 with water being
available from the Reservoir in approximately 1991. The estimated safe yield
of the Ray Roberts Reservoir had been calculated at seventy-six (76) million
gallons per day of which the City would be entitled to receive up to 19.8
million gallons per day. This amount plus a safe yield of 4.6 million gallons
per day available from the present water rights from the Lewisville Reservoir s
will be sufficient to meet the City's estimated water need through the year
• a :r 2005. The City has conducted a long range water supply study to determine E
water requirements and alternatives after the year 2000. r
The City of Denton is planning for the population to be in excess of '
100,000 by the year 2000. Our 1980 census indicated a population of 48,063; r
our 1987 estimated population is 63,000. The City has issued Revenue and
General Obligation bonds to prepare for and improve services to its citizens. j
The City is constantly revising tans to deal with citizen needs and to
provide a healthy environment fPor new businesses and other commercial
activities.
Acknowledgments
The preparation of this report on a timely basis could not be
accomplished without the efficient and dedicated services of the entire staff
of the Finance Department. We would like to express our appreciation to all
members of the Department who assisted and contributed to Its preparation, Respectfully submitted,
John F. McGrane,~
Executive Director of Finance
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CITY OF DENTON ORGANIZATIONAL CHART
CITIZENS
C(TY
COUNCIL
' CITIZENS
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KNICIPAL LEGAL
COI"JUOGE ITYMANAGER DERIRTMENT
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UTILITIES PUBLIC WORKS PIANMINO MUNC. SERV. 6 f I MANGE
[CON.DEVEL,
FN"STIIO INEERPERSONNELA
flECT111CA1 LABORATOIIY PECN S BLOCK MANT ACCOUNTING
# DISTRMMITION
J ELECTRICAL WASTEWATER /OLIO[ PARK9 S PURCHASING
PRODUCTION TREATMENT REtREAiION
s
SUBSTATIONS WATER fIRE L18RARY CASHIERING
GMETERINO PRODUCTION
+ I ENERGY WATERB9EW[JI DATA {USTOItR
MANAGEMENT DISTRIBUTION AIRPORT P
A ROCESSING SERVICE
[MERGENCY OPERATNIN!
ANALYSIS iAK
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/TMETS MUNICIPAL
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Certificate of
Achievement _
for Excellence
in Financial
Reporting
Presented to
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F k r; ~~r City of
Denton, Texas
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For Its Comprehensive Annual
Financial Report r'.
for the Fiscal Year Ended
' September 30, 1986
A Certificate of Achievement for Exctffence in Financial
Reporting is presented by tM Govemawt Finance Officer
Association of the United Sestet and Canada to
governmental units and public empfoya retirement
systems whose cornpnhtnstve annual financial
reports iCAFR's) at lodged to substantially
conform to program sundards.
+ 1 any
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Sri ~ president
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Executive Dtrectot
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71 Delcitte
Haskins+Sells
IrterFirst Tower
801 Cherry Street. Suite 2340
Fort Worth, Texas 76102-6801
= 18171336.2531
Metro: 654-2777
Telex; 758612
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' AUDITORS' REPORT
To the Honorable Mayor and
" Members of the City Council
City of Denton, Texas
t We have examined the general purpose financial statements of
the City of Denton, Texas ("City') as of and for the year
ended September 30, 1987 as listed in the table of
contents. Our examination was made in accordance with
generally accepted auditing standards and, accordingly,
included such tests of the accounting records and such other
auditing procedures as we considered necessary in the
' circumstances. r
-J In our opinion, the
general purpose financial statements
referred to above present fairly the financial position of
the City at September 30, 1987, and the results of its '
10, a, operations and the changes in financial position of its
proprietary fund types and nonexpendable trust fund for the
year then ended, in conformity with generally accepted
accounting principles applied on a basia consistent with
' that of t e preceding year.
Our examination was made for the purpose of forming an
opinion on the general purpose financial statements taken as
a whole. The combining and individual fund financial
statements and schedules listed in the table of contents are
presented for purposes of additional analysis and are not a
' required part of the general purpose financial statements of
the City. Such information has been subjected to the
auditing procedures applied in our examination of the
general purpose financial statements and, in our opinion, is
fairly stated in all material respects when considered in
relation to the general purpose financial statements taken
as a whole.
1 December 4, 1987
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CITY OF DENTON, TEXAS '
COMBINED BALANCE SHEET - A,.L FUND TYPES AND ACCOUNT GROUPS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Governmental Fund Types
Special Debt Capital Special
' ASSETS General Revenue Service Protects Assessment
Cash and deposits (Note 2) $4,725,707 $265,236 $1,737,582 $14,401,845 ;339,336 j
Receivables (net of allowances
for uncoliectiblesl• r
- - - - ..1
r vs~` 4 Taxes 484,926
Accounts - - j
Unbilled utility service - - - - - ' ' f
special assessments - - - - 279,225
Accrued interest 12,989 - 64,694 110,857 12,706 ^
~ Other 147,679 246 21,298
Due from other funds (Note 10) 301,351 86,643 46,629
,''rfR k Due from other governments - 33,191 - 262 -
Merchandise inventory, at lower i i
' of cost or market - - - -
Prepaid expenses and deposits - -
` Restricted assets (Note 4) - - -
i Fixed assets (net, where
-q applicable, of accumulated
depreciation) (Nate 31
' i Amount available in Debt
Service Fund - - -
Amount to be provided for -
retirement of long-term
liabilities - - - -
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1 Total Assets $6.672,652 $385,316 $1,848,905 114,534,212 $631,267
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The accompanying notes to financial statements are in integral part of this statement.
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J Fiduciary Totals
Proprietary Fund Types Fund Types Account Groups (Memorandum Only)
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Trust General General
Internal and Fixed Long-Term September 30, September 30,
3 Enterprise Service Agency Assets liabilities 1987 1966
21,867,852 642,542 721,698 - ; ; 44,101,198 ; 43,343,604
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j!, - 484,926 441,359
6,044,673 6,044,673 10,075,062
5,261,039 - - - 5,261,039 4,098,287
279,225 279,229
200,853 3,109 3,247 408,465 1,291,405
,1 o•R; : 1 ~j 507,853 671,076 1,249,495
Yr 4,491,900 1,159,872 2,784,339 - - 8,870,734 11,007,843
33,453 92,641
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1,244,669 1,246,273 2,490,942 2,490,942
n r ix, a - 167,133
8,753,295 - - - 8,753,295 8,019,040
I 85,013,808 3,035,933 59,613,309 147,723,050 139,670,889
1,695,340 1,695,340 1,247,326
j.~~ 26,979,931 26,919,937 220155,092
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$133,445,942 $6,067,729 13,509,284 $69,613,309 $28,675,277 }254,403,953 $245,829,347
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j CITY OF DENTON, TEXAS _
4 COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
3 Governmental Fund Types
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Special Debt Capital Special
LIABILITIES AND FUND EQUITY General Revenue Service Projects Assessment
Liabilities:
Deficit position in pooled
} - } - } 63,981 } -
cash } 331,286
" Accounts payable and accrued ,
expenses 760,657 24,498 - 206,009
" Retainage payable 171,467 -
Accrued vacation and I`I
+ sick leave (Note 4)
- - - - i
Deposits 32,670 - - 43,606 - )
' ' Payable from restricted assets
(Note r'
Accrued interest 57,006
Revenue bonds payable, - 17
current
Due to other funds (Note 10) 1,327,991 105,742 96,559 96,799 15,954
I Deferred revenues 107,544 21,377 - - 313,088
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teases payable INotes 4 and 51 - - - -
' General obligation bonds
payable 1116te 4) 457,335
Certificates of obligation 3
(Note 4)
.
Revenue bonds payable (net
? of bond discount) (Note 4)
- - - W
Total Liabilities 12,560,148 }151,617 1153,565 }581,661 }846,377
t' " y.
The accompanying notes to financial statements are an integral part of this statement, ~1'
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Account Groups (emorandum Only)
proprietary Fund Types Fund Types
* ...Trust -General General M r 30 - Se tember 30,
Internal and Fixed Long-Term Septembe p
rr EnterDrtse Service ~ency Assets Liabilities 1987 1986
372,495 } 132,930 $2,642,331 - - 3,543,023 } 6,172,350
tl 3,608,881 5,127,161
1,849,463 118,732 649,522 -
ISO - 171,647 209,439 )
2,719,434 3,135,487 11989,228
"f - 403,776 12,277
ar ' ~r 532,688 - - - 608,963 396,109
~~~~"~''s'~ 1,382,227 1,593,599 ~
2,115,000 2,020,000 !kI(
2,115,000 - - -
5,653,534 1,321,399 52,756 8,870,734 11,007,843 F
111
«ku ~sA - 502,009
63,939 1,2236202 394,123
47,118 1,334,259 1,741,521
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1,600,670 24,308,125 26,366,730 23,726,730
a 1,600.000 1,600,000 - i
;~a, +f „ SSSg 38,660,070 ~A60.070 .31.650.342 D
$62,977,036 $2.808,640 13,3/4,609 S - }26,675 277 92,099,030 $92,828,446
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CITY OF DENTON, TEXAS
{ COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1981
Governmental Fund Types
Special Debt Capital Special
LIABILITIES AND FUND EQUITY General Revenue Service Projects Assessment
Fund Equity (deficit):
Contributed capital-
From other municipalities
or governmental units
In aid of construction
Investment in general fixed - - - ?
assets - -
f Cf
Retained earnings-
Reserved for bond retirement
tx (Note 4) - -
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t _ y Unreserved - -
Fund balances-
Reserved for debt service - 1,695,340
Reserved for encumbrances 292,157 34,160 - 621,132 -
Reserved for capital projects - 13,331,279 -
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Unreserved-
i Designated for subsequent
' years' expenditures 518,649 199,539 - - -
Undesignated 2,301,698 - - - (215 110)
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Total Fund Equity (Deficit) 3,112,504 233,699 1,695,340 13,952,411 (215,110)
t Total Liabilities
+ j and Fund Equity 15,672,652 1385,316 $1,6480905 114,534,272 1631,267
,a,,,,,,„ ■,s„nn Massengale „,,,,,,a„ u,,,,,, _
r ' The accompanying notes to financial statements are an integral part of this statement.
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ft ductary - Totals
I a Account Groups (Memorandum Only) /
I S Proprietary Fund Types- Fund Types .
Trust General General
Internal and Fixed Long-Term September 30, September 30,
j 1+ Enterprise Service Agency Assets Liabilities 1987
I -
} 17,929,728 ; 11,929,728
{ ; y } 11,903,082 ;3,026,646 } } } _ 19,971,230 18,085,419
19,971,230
59,613,309 - 59,613,309 55,259,646
5,484,578 4,624,602
5,484,518 - - 40,362,559 41,608,281
40,110,016 252,543
1,695,340 1,247,326
xf - 941,449 1,491,903
13,331,279 10,072,230
718,188 718,326
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161 615 2,251,263 1,963,241
....161
' 152,304,923 153,000,902
) -
80,468,906 3,219 189 ,6T5 59,613,309
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$133,445,942 X6,087,129 ;3,509,281 $59,613,309 }28,675,277 $2S4,403,95" 1245,829,347
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CITY OF DENTON, TEXAS I It
TAW FUNDS IN FUND BALANCES
COMBINED GOVERNMENTAL EXPENDITURES AND CHANGES
ALL -
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Governmental Fund Types
....................»___-....P.......
Special Debt Capital Special
General Revenue Service Projects Assessment
RE ENUES: $11,984,701 $3,880,655 ; $
LLaxes
ri ncRtsoe itss 220'3
as 4 6 79
11~~~~tysfei fe l - -
fines and forfeitures 780,748 .
Fees for services 684,965 443,149
Interest revenue 214,695 5,968 126,752 769;801 21,265
intergovernmental 403,270 719,924
Contributions 705,093 213,563 48,775
Miscellaneous "
1 265
824.107
t` 15,479 968 -1'383.254 .4.007.407
Tout Revenues
EXPENDITURES:
- -
_ Current
Genera-l government 14 6,884,022 614,508
1, - -
,
Public safety 7 3, 653 630,471 612 ,308
t b + + y,. Public works 1,643,771 558,443 - -
` Dthit and recreation -
283,796 106,563 2,932,978
r " Ca ital outlay
Degt servicCe- 860,000 - -
'a . Principal retirement - 2,803,923 -
f
Interest and fiscal charges
` Total Expenditures 20,145,733 11368,829 3,663,923 2,932,978
a EXCESS OF REVENUES OVER (UNDER) (4,665,765) 14,426 343,484 (2,108,871) 21,265 -
EXPENDITURES
OTHER FINANCJNE SOURCES Sebt 51100,220
Proceeds o ong-tern bt - - - -
5 Transfer to escrow agent (Note 41 - -
good principal defeased
capital leases 5,408,103 15,000 104,530
(50,0001 (53,963)
operating transfers in (161,867) (105,024)
Operating transfers out
TOW 1 Other Fen ncing 5,240,236 (30,0241 104,530 510506220 (53,9631 _
Sources (usea~
EXCESS OF REVENUES AND OTHER SOURCES
STHER(LS£SR) EXPENDITURES AND $74,471 (15,5991 448,014 2,941,349 (32,698)
FUND BALANCES (OEFItIT) • October 1 2,538,033 249,298 1,247,326 _11,011.062 (182,112)
112,504 .-,952,111 X1215,110)
; ~
FUND BALANCES (DEFICIT) September 30 $ 3 233,699 $1,695,340 $13
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4 The accompanying notes to financial statements ere an integral part of this statement.
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Totals
(14emorandum Only)
Fiduciary
Fund-Type-
Year EndedExendable September 30,September 30,
v~ Trust 1987 1986
{ ; - 115,865,362 113,838,013r
- 280,171 379,238 y+k
- 426,319 377,960 1
780,748 659,194
- 1,128,764 1,050,070
rt, 220,112
33,616 1,108,027 1,
- 1,192,995 1,791,435
1,720,443 1,720,443 1,582,857
•
13 967,414 1,089,833
s - -
1,754,392 23,470,303 21,988,712 1
1,498,530 6,501,953
1,742,987 7,156,369
I - 3,630,471 3,690,350
2,22,215 2,110,862
2,213,569 2,2 3,569 1,397,825
6,512 3,328,849 3,979,537
j - 860,000 135,438 [
2,803,923 21,708
2,219081 -30,330544 24,994,042
1 (464,779) (6,860,241) (31005,330)
JI
i - 5,100,220 21,385,893 '
(23 845,385) j
. 1428,447)
-
5 581,633 6,569,3990
r - 1376 .854) (1,707,959)
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+ i 10,310,999 2,129,976
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T + (4641179) 3,450,758 (875,352)
629,454 15,492,761 16,368,113
118,943,519 115,492,761
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND
BALANCES - BUDGET AND ACTUAL - GENERAL, SPECIAL REVENUE AND DEBT
SERVICE FUNDS (NOTE 10
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987 _
General Fund Recreation s
.
Variance a Variance
Pud et Actual Favorable
9 (unfavorable) Budget
Actual (Unfavorable,
1 REVENUES:
axes $12,186,269 111,984,707 1201,5621 - -
Licenses and permits 411,100 280,171 !(130,929)
ri Utility franchise fees 478,000 426,314 (51,681) - ,
j Fines and forfeitures 853,200 780,748 (72,452)
Fees for services 763,162 684'965 (78'197? 407,000 393 330 13 670 1
Intergovernmental 431,826 214,695 28 556) 187,262 50,090 (137;112 i
Interest revenue 252 403,273 (37,305) 5 y6g 68
Miscellaneous 680 000 705 04 5,093 248,705 95;932 (152;73)
Total Revenues 16,055,557 15,479,968 (515,589) --842,967 $45,320 (297,647) I
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J EXPENDITURES:
r,
1 Via` ~CuGeneral government 7,941,485 6,931,213 3,010,272 - I
Ail
Public safety 71619,762 7,670,77S (51,013) - -
Public works 3,851,161 3,627,149 223,412 -
Parks and recreation 1,740,797 1,700,205 40,591 788,046 562,854 22i.192
Other - v Cappital outlay 416,668 291,226 125,442 53,186 30,706 22,480
Oebt so Vise-
Principal retirement _
Interest and fiscal charges
-
Total Expenditures 21,569,873 20,221,169 1,348,704 841,232 593,560 247,612
`
EXCCESS oof REVENUES OVER
(UNDEp) EXPENDITURES (5,574,316) (4,141,201) 113,115 1,735 (48,240) (49,975)
OTHER FINANCING SOURCES (USES):
Operating transffers in 5,627,116 5,408,103 (219 013
Operating transfers out (75,000) (167,867) (92,8671 (61,662) (61,662)
Total Other !mi0ncing
Sources (Usesi 5,552,116 5,240,236 (311,880) - (61,662) (61,662)-
EXCESS q DSSF ppRyEyVENUES AND OTHER
6XFENDITURES r~LDOT1fE0. USES 37,800 499,035 $36,835 11735 (109,902) (111,637)
I FUNO BALANCES, October 1 21258,867 2,434,501 17S,640 134,412 184,412
i II
FUND BALANCES, September 30 2,296,661 2,933,542 b36,875 ;186,711 T4, 510 !(111,637)
uauua• uu~e+tt• u,•eu~• u.~uu• ■u~uu •u r~,u•
The accompanying notes to financial statements are an integral part of this statement,
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Debt Service
Yarfence-
Favorable
Budget Actual (Unfavorable)
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100,000 126,752 26,752
3,980.655 -4.007_407 ~-+26,752
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<1Y' 860,000 860,000
2,915,905 2,803,923 1116982
-3,783,905 -3,663,923 119,982
196,750 343.484 146,734
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321,750 448,014 126,264
1,247,326 10247,326 -
X1,569,076 11,695,340 f126,2b4
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
ALL PROPRIETARY FUND TYPES AND NONEXPENDABLE TRUST FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Proprietary Fund Types F Fund Type
Enterprise service) NonTruiidable
OPERATING REVENUES:
Electric service ;626,1723,02q66 ;
or serv~ce
or sere ce -
Charges for goods and services 2,897,226 51065,728 -
Sundry 246,181 93,928 1,771 j
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Total Operating Revenues 76,01;,968 5,159,656 -.-1,771
s OPERATING EXPENSES:
~P,ur hased power 46,588,463 -
Purchase of water 1,597,402 - r
f Salaries and wages 828,668
i Materials and supplies 6,976,277 458,783
763,280 ,
°r• Maintenance and repairs 2 647,661
+ a ' M y
Depreciation 2,370,712 61,S48
-
r.; Miscellaneous 4,33;,132 1,426,568
' 2,978,325 182,002 21036
s
Total Operating Expenses
"`r ~ 66,442,259
•4,771~3a2 ~•-2,03b
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t Operating Income (loss)
91629,709 382,291 (265)
NtlInto TING REVENUES (EXPENSES):
[stern t revenue 1,847,603 2,487 k
dnterest txptnse and fiscal charges (3 526,0521 (122,492)
ther ;328,6201
Total NanOPerating Revenues (Expenses) (2,007,069) ••1120,005)
r ' Income (Loss) Before Operating Transfers
t' and Extraordinary item 7,622,640 2621289
` (gas)
OPERATING TRANSFERS (OUT) (5,210,779)
` Income (Loss) 04fore Extraordinary Item ••2,411,861 • -262,289 --•1265)
EXTRAORDINARY ITEM (NOTE 4)
(3,059,856) -
Net Income (Loss) ~(64A,035) .•-262,289---(265)
RETAINED EARNINGS/FUND BALANCE - October 1 46,242,629 (9,746) 265
RETAINED EARNINGS/FUND BALANCE - September 30 • "
' i X15,594,594 ; 252,543 ;
4,.
The accompanying notes to financial statements art an 'mtegril part of this statement.
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Totals
(Memorandum Only)
Year .ed{ September 30, Seytember 301986
^1 $662,123,026 X64,2~0~6,493
6;089.3A6 3;901,909
7,962,954 7,429,464
r 341,883 2771812
I 81,233,395 81,180,530
i¢
'46,588,463 46,414,266
A4 1,591,402 2,316,117
y 828,668 707,345
7,435,060 61535,998
3.410,941 3,815,966
2,440,260 2 342,029
1 5,757,100 4,848,959
3,163,163
2,472303
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} - 11,221,651 69,453,533
.i ; .10`011.158 726 941
1,850,090 2,282,764
(3 648,544 14 274,101)
ty 1328,620 1504,602)
(2.127,074) (2,495.939)
7,884,b64 9,231,008
° (6.210,7711 (/,861,433)
2,673,885 4,369,517
(3,059,896) 112,703
IN
(386,011) 4,482,280
46,233,148 41,750,868
45,841,131
146j233148
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - R
ALL PROPRIETARY FL14D TYPES AND NONEXPENDABLE TRUST FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
' Fiduciary
Proprietary Fund Types Fund Type
Internal Nonexpendable
Enterprise Service Trust
ff SOURCES OF WORKING CAPITAL:
i OpNott Income (loss) before extraordinary item ; 2,411,851 262,289 (265)
ii Items not requiring working capital-
Depreciation 4,331,132 11426,568 '
Amortization of bond discount and expense 26,905 -
Working Capital Provided (Used)
by Operations 6,769,898 1'688 857 (265)
Extraordigary item r 5 ,el
Proceeds rrom sale of Revenue Refunding Bonds
Contributions- i
O'.her funds
*4 In aid of construction 11885,811 -
. .
Total Sources of Working Capital 23,080,813 1,688,851 {2651 ;
USES OF jVirdtKING CAPITAL-
r' llcquistlon of property, plant and equipment 8,317,895 938,503 -
Reduction of long-tim debt 16,651,952
Contributions {
Net change in restricted assets and liabilities .
payable from restricted assets 688,472
Total Uses of Working Capital •25,664,319 ~~938,503
Net Increase (Decrease) in Working Capital ${2,581,506 506) 750,354 5 (265)
1t r : urmmrlsLa drs bruH massaged -
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL:
increase idecreasa) in currant assets.
69th and invettNarott 114 578,1121 } 610,111 < (139)
S inCounts receivable {2,867,631} 2,854
ventor
Other current assets 96,109 (943,084)
Increase (Decrease) to Current Assets (7,349 640) (329,459) (139)
OAccounts payaDli and othernIibi ltieies- . 2,894,307 1,418,273 -.-.{126)
Meter olits 1217 1971
-
b Due to other funds 2,089,024 (338,460)
Decrease (Incruse) in Current Liabilities 4,16b,U4 1,079.813 .,(126)
Net Incrusa (Decrease) in Working Capital }12,583,506) } -750,354 } (265) j
The aceonpanying notes to financial statements are in integral part of this statement.
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Totals
(memorandum Only)
Year Ended
I 1 September.30,.1987 .September 30, 1985
2,673,885 $ 4,369,577
5,757,700 4,648,959
26,905 26,692
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8,458,490 4,245,428 Ik
(3,059,896) 112,703
17,485,000 1,660,871
' a r 504,602 ;
1,885:811 4,575,625
2r w24.T69,405 16,099229
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16,657,952 3,908,689
s ai . 1,726
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6886472 (298,6201
_
26,602,822 17,921,283
=;~{1,833,417) 11,822,0541
age ease
it ;(3,967,480) ; 2,622,469
( 12,864,783) (114;613)
_ 1,513,391
s1 (846,9751
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(1,679,236) 3,768.015
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4 112,454 (3,411,381)
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217,191) 10,58
117501564 (2,123,26 )
..S,645,821 (5,590,069)
;li,B93,4111 ~(1,822,OS4)
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CITY OF DENTON, TEXAS
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1987
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! (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Denton ("the City") was incorporated September 26,
e. 1866. The City operates as a Home Rule City, under a Council-Manager
form of government and provides the following services as authorized by
its Charter: public safety (police and fire), public works, parks and
recreation, electric, water and sewer utilities, sanitation, and general
administrative services.
The financial statements of the City include all activities for
which the City exercises oversight responsibility. The criteria 6
considered in determining governmental activities to be reported within
r the City's general purpose financial statements include the degree of
oversight responsibility exercised by the City Council over the activity !
or function; the City's accountability for the entity's fiscal matters; s
the scope of public service of the entity and the nature of any special
V, ' financing relationships which may exist between the City and a given
governmental entity.
The accounting policies of the City conform to generally i
5V accepted accounting principles as applicable to governments. The
following is a summary of the more significant policies:
A. Fund Accounting
Y
i The accounts of the City are maintained on the basis of funds
or account groups, each of which is considered a separate accounting
entity. The operations of each fund are summarized by providing a
separate set of self-balancing accounts which comprise its assets,
liabilities, fund equity, revenues, expenses and expenditures. The
following funds and account groups are used by the City:
Governmental Fund Types
General Fund-
.
The General Fund is the principal fund of the City. All
general tax revenues and other receipts that are not allocated by law or
contractual agreement to some other fund are accounted for in this fund.
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From the fund are paid the general operating costs, the fixed charges and
the capital improvement costs that are not paid through other funds.
Special Revenue Funds-
The Special Revenue Funds are used to account for the proceeds
of specific revenue sources (other than special assessments, expendable
trusts, or major capital projects) that are legally restricted to
expenditures for specified purposes. These funds include the federal
revenue sharing funds, grants from the Department of Housing and Urban
Development (Community Development Block Grant) and from the Texas
Criminal Justice Division, the recreation fund and miscellaneous other
revenues.
' Debt Service Fund-
The Debt Service Fund accounts for the payment of principal and
interest on general long-term liabilities, paid primarily by taxes levied '
by the City, and for the payment of principal and interest on capital
leases in the governmental fund types.
Capital Projects Funds
M `
" The Capital Projects Funds account for the acquisition of
capital facilities being financed from bond proceeds, contributed
capital, or transfers from other funds, other than those recorded in the
Special Assessment Fund, the Enterprise Funds, the Internal Service Funds j
and the Trust Funds.
Special Assessment Fund-
The Special Assessment Fund is used to account for the
financing of public improvements or services deemed to benefit the
properties against which special assessments are levied.
' Proprietary Fund Types
y` Enterprise Funds-
The Enterprise Funds are used to account for operations that
are financed and operated in a manner similar to private business -
enterprises where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges. These funds include the Electric, Water and Sewer
Utility Systems (Utility System) and the sanitation operations.
Internal Service Funds-
The Internal Service Funds account for the financing of
materials and services provided by one department of the City to other
departments of the City on a cost-reimbursement basis. These funds
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include the Working Capital Fund (vehicle maintenance, warehouse and
machine shop) and the motor pool operation.
Fiduciary Fund Types
Trust and Agency Funds-
Trust and Agency Funds are used to account for assets held by
the City in a trustee capacity or as an agent for individuals, private
organizations, other governments, and/or other funds, These include
Expendable Trust Fund (Employee Insurance), Nonexpendable Trust Fund
(Plus One Contributions), and Agency Funds. The Nonexpendable Trust Fund
' is accounted for in essentially the same manner as Proprietary Fund Types ;
since capital maintenance is critical, The Expendable Trust Fund is
accounted for in essentially the same manner as Governmental Fund Types.
Agency Funds are custodial in nature (assets equal liabilities) and do
E not involve measurement of results of operations.
General Fixed Assets Account Group
a t. The General Fixed Assets Account Group represents a summary of i
the fixed assets of the City, other than assets of the Proprietary
Funds. Capital outlays in funds other than Proprietary Fund Type is
recorded as expenditures of thos., funds at the time of purchase and
subsequently recorded for control purposes in the General Fixed Assets
r Account Group.
x j General Long-Term Liabilities Account Groue
The General Long-Term Liabilities Account Group represents a
summary of the long-term liabilities of the City paid principally by
taxes levied by the City. This account group does not include long-term
,
debt accounted for in the Enterprise Fund.
U. Basis of Accounting
The accrual basis--The measurement focuses for the Enterprise
Funds, Internal service unds and Nonexpendable Trust Funds are income
determination and cost of service, respectively. Accordingly, the
accrual basis, whereby revenues and expenses are identified in the
accounting period In which they are earned and incurred and net income is
' determined, is utllited for these funds.
Modified accrual basis--The modified accrual basis is used for
all other funds. Modifications in the accrual basis for these funds
include the following.,
1. Revenues are recognized when they become both measurable
and available for use during the year. Those revenues
treated as being susceptible to accrual include taxes,
2 interest and intergovernmental revenues. Revenue sources
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from licenses, fines and forfeitures, service charges and
other miscellaneous revenues are recognized as the cash is
received.
2. Expenditures are recognized when the related fund liability
1s incurred, except for interest and principal on general
long-term debt, which are recorded when due, and vacation
and sick leave, which are recorded when payable from
current available reserves.
1 3. Encumbrance accounting, under which purchase orders,
contracts, and other commitments for the expenditure of
monies are recorded in order to reserve that portion of the
applicable appropriation, is employed as an extension of
r.' formal budgetary integration. Encumbrances outstanding at
year-end are reported as reservations of fund balances
since they do not constitute expenditures or liabilities.
f
C. Budgets and Budgetary Accounting
If The City Council follows these procedures as prescribed by
f a City Charter, in establishing the budgets reflected in the financial
' statements:
1. At least sixty days prior to the beginning of each fiscal
year, the City Manager submits to the City Council a
proposed budget for the fiscal year beginning on the
following October 1. The operating budget includes
proposed expenditures and the means of financing them.
2. Public hearings are conducted prior to the adoption of the
budget in order to obtain taxpayer comments.
3. The annual budget adopted by the City Council covers the
General Fund, the Special Revenue Fund (Recreation Fund "
only), the Debt Service Fund, the Enterprise Funds, and the
Internal Service Fund (working Capital Fund only). The
budget is legally enacted by the City Council through
passage of an ordinance prior to the beginning of the
fiscal year. The General Purpose Financial Statements
reflect appropriation control at fund level as approved by
City Council.
i 4. The City Charter provides that the City Manager has the
authority to transfer any unencumbered appropriation
balances from one expenditure account to another within a
single office, department or agency. The Charter also
provides that within the last three months of the year the
City Manager must request the City Council to approve any
L transfer of unencumbered appropriation balances or portions
r{ thereof from one department to another as well as any
increases in fund appropriations. Individual amendments
were not material in relation to the original
` appropriations which were amended. _
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All budgets are adopted on a basis consistent with generally
accepted accounting principles except that for the Governmental Fund {
Types and Proprietary Fund Types encumbrances are treated as budgeted
i
expenditures in the year of commitment to purchase and for the
Proprietary Fund Types depreciation expense is not budgeted. All
unexpended appropriations at fiscal year end lapse to the appropriate
fund balance except for those of the multi-year grants and/or projects.
A reconciliation of revenues and expenditures on the budgetary
basis to re:enitns and expenditures on the modified accrual basis for
~S• Governmental Fund Types is as follows:
SPECIAL x
z i GENERAL REVENUE
FUND FUNDS
Revenues:
Budgetary basis $ 150479,968 t 545,320
Special Revenue Funds
Unbudgeted:
Community Development
r,K~ f Block Grant - 5889932
Criminal Justice -
1029461
4 Federal Revenue Sharing - 8,362
Emily Fowler Library - 439970 r
i►', r Other - 94,209
Revenues on modified
accrual basis 15,4790968 1,383,254
Expenditures:
t~.
Budgetary basis 20,221,169 593,560
i
~►x,,; t• Encumbrances (net) (75,436) (19,370) !
Special Revenue Funds
1V Unbudgeted:
Community Development
Block Grant - 577,582
Criminal Justice - 89 315
Emily Fowler Library - 36 732
- ,
Other 910010
M1
Expenditures on modified
t accrual basis 20,145,733 1,368,829
`
Revenues over (under)
f W
Expenditures on modified
l accrual basis $ (416650765) f 14,425
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D. Investments
Investments are carried at cost which approximates market
value. Interest earned on investments is recorded in the funds it which
the investments are recorded.
E. Unbilled Receivables
The City accrues amounts for utility services provided in
September, but not billed at September 30.
F. Inventories
+ Inventories are valued at cost or the lower of cost or market. ~
i Cost is determined using a moving average method.
G. Fixed Assets
Enterprise and Internal Service Funds-
Fixed assets are recorded at cost, including net interest
during the construction period, Contributed property is recorded at fair
market value at the date of contribution. Depreciation is recorded on
each class of depreciable property utilizing the straight-line method '
over the estimated useful lives of the assets.
Estimated useful lives are as follows:
Fixed Asset Useful Life
_ (Years)
} ENTERPRISE FUNDS-
Electric System
enera assets - Structures 5o
Distribution assetsu- Structures 50 - 20
- Equipment 20 - 33
Transmission assets - Equipment 20 - 33
Internal combustion assets - Structures 50
Steam power assets - Structuresuipment 530 . 20
Equipment 20 - 35
1 Water and Sewer System
}
Structures 50 1
Water and sewer mains 20 - 33
Equipment 10 - 20
Furniture and fixtures 10
Sanitation
eY hicl and equipment 10
INTERNAL SERVICE FUNDS-
Vehicles and equipment 1 . 10
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Renewals and bettermants of property and equipment are E
capitalized, whereas no r!aaI repairs and maintenance are charged to
expense as incurred.
General Fixed Assets-
` - General fixed assets are recorded as expenditures in the
General, Special Revenue, Capital Pro,jrcts or Special Assessments Funds
when acquired. Such assets are capitalized at cost in the General Fixed
Assets Account Groups. Significant gifts or contributions of assets are
recorded in the General Fixed Assets Account Group it the fair market
value at the date of acquisition. Public domain (infrastructure) general
fixed assets consisting of streets, curbs, sidewalks, gutters and
drainage systems, are capitalized along with other general fixed assets.
j No depreciation is provided on general fixed assets.
H. Property Tax Revenue
`j Property taxes attach as an enforceable lien on property as of
ki' y f~3t.
January 1. Taxes are levied on October 1 and are due and payable at that
time. All unpaid taxes levied October 1 become delinquent February 1 of j
the following year.
The City records revenue from current property taxes in the
year in which bills are measurable and available. An allowance is
provided for delinquent taxes not expected to be collected in the future.
At September 30, 1987, the City had a tax margin of $1.91 per
' $100 valuation based upon a maximum ad valorem tax of $2.60 per $100
valuation imposed by Texas Constitutional law. Additional revenues up to
i i $34,770,861 could be raised per year based on the current year's assessed
1 value of $1,820,463,940 before the limit is reached.
h
1. Compensated Absences
The City allows employees to accumulate unused vacation up to
forty days. Upon termination, any accumulated vacation time will be paid
to the employees. Generally, sick leave is not paid upon termination
except for fire and policemen. Fire and policemen accumulate unused sick
` leave up to a maximum of 90 days. All other employees are paid only upon
Y illness while in the employ of the City.
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As of September 30, 1987, the liability for accrued vacation
'eavP and accrued sick leave is approximately $3,135,487. The amounts
api:ic:ble to the Enterprise Funds ($403,776) and Internal Service Funds
($17) have been recorded in those funds, and the amount applicable to
other funds ($2,719,434) has been recorded in the General Long-Term
Liabilities Account Group. The amount expected to be paid from current
k available financial resources is not significant,
J. "Memorandum Only" Total Columns
Total columns on the combined statements are captioned as
"memorandum only" to indicate that they are presented only to facilitate
analysis. Data in these columns do not present inancial position,
results of operations or changes in financial position in conformity with
generally accepted accounting principles. This presentation does not
' compare to a consolidation. Interfund eliminations have not been made in
the aggregation of this data.
f (2) CASH AND INVESTMENTS
In order to facilitate effective cash management practices, the
operating cash and certificates of deposits of all funds, except for the
deferred compensation fund are pooled into common accounts for the
purpose of increasing income through combined investment activities. The
City's bank deposits (cash and certificates of deposit) at year-end were
entirely covered by federal depository insurance or by collateral held by
the City's agent in the City's name.
The investments of the deferred compensation fund are held
separately from those of other City funds by an outside trustee appointed
by the City.
Statutes authorize the City to invest in obligations of the
U.S. Treasury and U.S. agencies, municipal securities and repurchase
agreements. During the year ended September 30, 1987, the City invested
in repurchase agreements. As of September 30, 1987, the City's held only
certificates of deposit.
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(3) FIXED ASSETS
General Fixed Assets-
General fixed assets balances and transactions for the year
ended September 30, 1987, are summarized below:
Balance Balance
October 1, September 30,
1986 Additions Deductions 1987
Land ; 40594,452 $ 132,334 ; - $ 4,7260786
Buildings 8,3900132 27,943 - 8,418,075
Streets 34,7020264 2,423,447 - 37,125,731
Machinery and equipment {
and other improvements 5,554,636 4080843 - 5,9630479
rx' Construction in progress 20018,342 20452,119 (1,091,223) 393799238
Total =559259,846 $ 5,4440686 $(1,091,223) $59,613,309
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Investment in General
Fixed Assets-
Frombond issues $35,788,079 $ 4,898,061 ;(1,091,223) .;39,594,917
From current revenue 6,1480151 546,625 - 606940776
41,936,230 59444,686 (10091,223) 46,289,693 N'
From contributions 13,323,616 - - 139323,616
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Additions consist of expenditures from the Capital Projects
Funds ($2,454,110), the General Fund (5395,924), the Special Revenue
Funds ($141,873)and Construction in Progress additions ($2,452,119) and
reclassifications ($1,091,223).
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General Fixed Assets by function and activity for the fiscal year ended September 30,
1987 are summarized as follows:
Mach /Equip.
And Other
Total Land Buildings Streets -Improvements
TOTAL PRIOR YEARS 653,241,504 64,594,452 68,390,132 634,7C2,264 $5,554,636
- -
GENERAL GOVERNMENT;
Parks 33,660 11,719 6,376 15,765
Parks Grant 45,847 42,026 3,821
Legal 14,892 14,892
Personnel 749 749
p` CMO 8,261 6,261
I Building Maintenance 2,756 2,756
Library 89,766 2,656 87,108
Word Processing 14,665 1,122 13,543
a Data Processing 12,271 2 9G3 9 368
PlanningjCD 79,570 73,201 2,034 4,335
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r TOTAL GENERAL GOVERNMENT 302.637 126,946 15,093 160,598
1 PUBLIC WORKS:
m Traffic Engineering 1,505 1 505
`v Emergent Management 4,278 4 218
Engineering 24,081 24081 - i
Code Enforcement 1,659 1,659
Public Works Administration 13,101 13 1G1
f~ Streets 2,490,986 4,335 11,590 2,423,447 51,614
Airport Bond 3,796 3,796
Airport 1,251 1,251
TOTAL PUBLIC WORKS 2,540,657 4,335 11,S90 2,423,447 101,285
FINANCE:
Purchasfngg 1,00D 1,000
Customer Service 11,590 11,590
Cashiering
707
707
TOTAL FINANCE .1 3,297 13,297
PUBLIC SAFETY:
Fire Administratioi 1,347 1,347
Fire Operations 36,948 1,260 35,688
` Fire Prevention 4,460 1,053 3,407
f Police Administration 1,733 1,733
jJ Criminal investigation 2,094 2 094
Police Operations 44,565 44,565 _
Patrol Division 44,829 44.829
TOTAL PUBLIC SAFETY 1 0 53 - 260
33 ;5 9 976 76 1 133,663
CONSTRUCTION IN PROGRESS --3.379,238
TOTAL 659,613,309 64,726,786 $8,418,075 637,125,131 65,963,479
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Changes in oeneral fixed assets by function and activity for the fiscal year ended
{ Septeoder 30, 1987 are summarized as follows:
tr ~ .
General General
` Fixed Assets Fixed Assets
fI 10/01/86 Additions Deductions 09130/87
TOTAL PRIOR YEARS ;53,241,504 ;53,241,504
GENERAL GOVERNMENT:
Parks 33,860 33,x.$0
Parks Grant 45,847 45,847
Legal 14,692 14,692
Personnel 749 749
8,261 8,261
e -i Budding Maintenance 2,756 2,756
Library 69,766 89,766
Word Processing 14,665 14,665
r Data Protessing 12,271 12,271
a > Planning/CD _ 79_570 - .79:570
„
TOTAL GENERAL GOVERNMENT . 302-,631
PUBLIC WORKS:
Traffic Engineering 1,505 1,505
Emergency Managewt 4,278 4,218
Englneering 24,081 24,081
1,659 1,659
Code Enforcement
Public Yorks Administration 2,490101 2,490986
Airport Bond 3,796 3,795
" Airport 1,251 1,2S1
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TOTAL PUBLIC WORKS 2,540,657 2,540,657 II
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FINANCE: 1,000 1,000
i ;j Purchasing s
c a~ Customer Service 11,590 11,590
~i
't Cashiering 707 707
TOTAL FINANCE 13,297 ---13,297
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PUBLIC SAFETY:
Fire Administration 1,347 1,347
Fire Operations 36,948 36,948
Fire Prevention 4,460 4,460
! Police Administration 1,733 1,!33
Criminal Investigation 2,C94 2,09'7
Police Operations 44,565 44,565
f Patrol Division 44,829 44,b29
.--.135,-976
TOTAL PUBLIC SAFETY 135,976
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`R CONSTRUCTION IN PROGRESS .-2.018,342 2,452,119 (1,091,2231 3,379,238
ii TOTAL $55,259,846 $5,444,666 ;11,091,223) $59,613,309
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Construction in prog,.<s iq omposed of the following:
Project Expended to
Appropriation September 30, 1987 Committed
Airport Improvements 695,481 $ 68,393 627,086
Northeast Park 159,500 43,026 116,474
Street and Bridge -
Carroll Blvd. Project 240,000 35,626 204,374
Drainage Projects 491,500 42,479 449,021
Highway 380 Projects 109,000 25,572 83,428
Miller projects 585,000 105,051 479,949
Repave projects 1,340,466 1,287,734 52,732
Teasley Projects 1,240,387 125,693 1,114,694
Traffic Study 25,000 2,539 22,461
Audra Lane 61,244 893 60,351
Avenue C 556,781 202,271 354,510
Bolivar 471,615 12,250 459,365
Evers Park 40,000 951 39,049
" Fry 113,740 1,932 111,808
Glenwood 414,782 331,116 83,066
Hercules 15,000 1,545 13,455 ^
a Hickory 795,021 158,589 636,432
Locust 1,155,313 554,611 600,702
{ Magnolia 176,991 4,399 172,592
Pecan Creek 110,000 139 109,861
i r Pershing 79,020 81,643 {2,623)
Stuart 227,553 189,161 38,392
Welch 53,694 56,892 13,198)
••Y West Oak 981,611 10,568 971,043 #
Windsor 50,000 2,155 47,845
t
Woodrow Lane --.250,000 _ . -33,408 216,592
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110,438,699 $3,379,238 ;7,059,461
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Enterprise and Internal Service Funds.
Fixed assets of these funds are as follows:
September 30
1987 1986
Utilfty System-
Land and land rights = 1,787,456 $ 1,850,561
Water rights 250,064 250,054
Electric plant and equipment b},289,712 60,554,779
Water plant and equipment 3x,872,460 2',849,390
Sewer plant and equipment 3
34, 08,503 33,101,521
-131,508,195 123,612,321 -
Less- Allowance for depreciation (46,954,262) (45,141,8261
II -82,553,933 78,470,496
Construction in progress 467,502 495,779
-83,021,435 .}-18,966,275
Sanitation.
Land and land rl~hts ; 1,984,112 1,484,772
Vehicles and equipment 341,102 293,372
Less. Allowance for depreciation 1273,501) (151,374)
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Internal Service
Vehicles and other assets $ 9,731,907 8,799,405
Less- Allowance for depreciation (6,701,974) (5,275,407)
$ 3,035,933 $ 3,523,998
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(4) LONG-TERM DEBT
_ Long-term debt transactions for the year ended September 30,
1987, are summarized as follows:
BALANCE AT BALANCE AT
j OCTOBER 1, SEPTEMBER 301
1986 ISSUED RETIRED 1987
3
General Long-Term Debt
General obligation bonds $21,591,325 S 3,500,000 $ 782,600 524,308,725
General obligation bonds -
special assessment fund 474,534 - 17,199 457,335
Certificates of Obligation - 1,600,000 1,b00,000
Obligations under capital 137,219 - 90,101 47,118
leases
Compensated absences 1,6730874 1,0450560 - 2,7199434
r..`.' Total general long-teem
debt 23,87ti,952 [,145,560 869,900 29,132,612
$
Proprietary t:und Types ,
}
Utility System revenue
bonds 409440,000 17,485,000 1690200000 41,9059000 #
a General obligation bonds !
(pledged by sanitation 601201 11600,670
revenues) 1,660,871 -
4' Obligations under capital
1,6Q4,302 666,375 983,536 11287,141
leases 315,354 100,699 - 416,053
Compensated absences
~ 452O8
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Total propriety fund types 440020,527 _18-252-074 -17.063,737 -------_864
' Total long-term debt $676897,479 $249397,634 $17,953,637 574034'1,476
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General Bonded Debt-
following: General bonded debt at September 30, 1987, is comprised of the
AMOUNT
ORIGINAL OUTSTANDING AT
REVENUE INTEREST ISSUE FINAL AMOUNT SEPTEMBER 30,
BONDS RATE DATE MATURITY OF ISSUE 1987
General Obligation 5.70 to 8.30 1985 2004 $23,726,730 $22,866,730 -
Refunding
General Obligation 6.40 to 9.40 1987 2007 3,500,000 3,500,000
Total General Obligation Bonds 26,366,730
Cert. of Obligation 6.00 to 9.00 1987 2007 500,000 -5000000
Cert, of Obligation 6.00 to 8.75 1987 1997 10100,000 1,100,000
k
Total Certificates of Obligation -1,600,000
-
Total General Bonded Debt $27,966,730
Proceeds of general bonded debt are recorded in the Capital
Projects Funds and are restricted to the uses for which they were approved
in the bond elections. The City Charter expressly prohibits the use of
bond proceeds to fund operating expenses. The general obligations are
collateralized by the full faith and credit of the City and payable from t
property taxes.
In prior years, the City defeased all general obligation bonds by
placing the proceeds of new bonds in an irrevocable trust to provide for
all future debt service payments on the old bonds. Accordingly, the trust -
account assets and liabilities for the defeased bonds are not included in
the City's financial statements. On September 30, 1987, $22,450,000 of
bonds considered defeased are still outstanding.
Revenue Bonds-
Revenue bond debt at September 30, 1987, is comprised of the
following issues:
i
AMOUNT
ORIGINAL OUTSTANDING AT - ,
REVENUE INTEREST ISSUE FINAL AMOUNT SEPTEMBER 30,
BONDS RATE DATE MATURITY OF ISSUE 1987
Utility System 4.75 to 9.625 1983 2007 $2502809000 $18,320,000 `
Utility System 9.00 to 12.00 1984 2009 20,000,000 5,700,000
Utility System 8.00 to 11.00 1984 2004 1,000,000 400,000
Utility System 5.00 to 7,00 1987 2009 17,485,000 170485,000
Refunding
$63,765,000 $411905,000
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The City has the option to retire at par all or a portion of the
bonds, except for the Utility System Revenue Bonds Issued October 25, 1984,
prior to maturity on or after December 1, 1993. The bonds issued October
25, 1984, give the City the same option on or after December 1, 1994.
The revenue bonds are collateralized by the revenue of the
Utility System and the various special funds established by the bond
ordinance. The ordinance provides that the revenue of the System is to be
used first to pay operating and maintenance expenses of the System and
_ second to establish and maintain the revenue bond funds. Any remaining
revenues may then be used for any lawful purpose. The ordinance also
contains provisions which, among other items, restri:t the issuance of
additional revenue bonds unless the special funds noted above contain the
required amounts and certain financial ratios are met. The City is in
compliance with all significant requirements. Below is a summary of the
various restricted asset accounts required by the bond ordinarce as of
September 30, 1987:
!4 Interest and Sinking Fund $4,317,366
Reserve Fund 360000000
r Emergency Fund 250,000
Extension and Improvement Fund 19185,929 ,
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Assets in these accounts consists of cash and U.S, government ?
securities. Related liabilities and retained earnings are as follows:
4 ti Payable from restricted assets-
Accrued interest 51,153,717
Revenue bonds payable, current 2,115,000
Retained earnings reserved for bond retirement 5,484,578
$8,753,295
On January 1, 1987, the City issued 17,485,000 in revenue
refunding bonds with interest rates ranging from 5,00% to 7.00% to advance
refund a portion of outstanding revenue bonds (series 1984 and 1984A). The
proceeds of approximately $17,041,000 (net of $444,000 in underwriting
fees, insurance and other issuance costs) were used to purchase U,S.
government securities, which were deposited in an irrevocable trust with an
escrow agent to provide for all future debt service payments on the bonds.
As a result, the refunded bonds are considered to be defeased and the
liability for those bonds has been removed from the Utility Fund,
The City has currently recorded an extraordinary loss of
approximately $3,000,000 on a defeasance of the refunded revenue bonds.
The extraordinary loss results principally from the difference between the
outstanding principal amounts of the refunded debt and the issued debt.
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The Utilities Department advance refunded the outstanding bonds to reduce
its total debt service payments over the next 20 years by almost
51056,177 and to obtain an economic gain (difference between the present
values of the debt service payments on the old and new debt) of
51,082,438. -
interest) forrthetyearstsubsequentftotSeptembert30, 1987, arerascfollows:
BONDS
FISCAL GENERAL CAPITAL
YEAR OBLIGATIONS REVENUE LEASES TOTAL
1988 $ 4,145,236 $ 5,453,428 5 959,925 5 10,558,589
1989 4,465,825 5,420,062 376,829 10,262,716
1990 3,6920860 5,2450381 106,890 9,045,131
1991 3,535,631 5,497,669 9,033,306
1992 3,3730622 4,869,012 80242,634
F r 19^" 1997 14,633,765 20,963,200 - 35,596,965
1998-2002 10,144,424 16,523,919
2003-2007 1,5950295 9,212,020 26,668,343
° 2008-2010 - 3,747,263 10,807,315
3,747,263
Total principal
and interest 450586,664 76,931,954 11443,644 123,962,262
Less applicable
interest (17,619,934) (35,0260954) (109,385) (52,756,213)
Total principal $27,966,730 $41,905,000 511334,259 $ 71,205,989
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Bonds Authorized and Unissued-
General obligations bonds authorized but unissued as of
September 30, 1987, amounted to $18,095,000. When issued, the proceeds
wilt be allocated to the applicable CapitEl Projects Funds.
(5) LEASES
Leases payable represent the remaining principal amounts
payable under lease purchase agreements for the acquisition of vehicles I!
($1,130,073), copier equipment (:93,129), landfill vehicles (563,939),
computer hardware and other equipment (541,118). These leases are
recorded as capital leases. The vehicles, copier equipment and the
landfill vehicles are recorded in the Proprietary Fund Types, and the
computer hardware and other equipment are recorded in the General Fixed
Assets and General Long-Term Liabilities Account Groups. Remaining
requirements, including interest, under these leases are as follows:
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General
Proprietary Long-Term
Year Fund Types Liabilities
_ 1988 $ 925,574 $ 34,351
1989 365,167 11,662
1990 99,118 7,772
' 1,389,859 539785
Less- Interest portion (102,718) (6,667)
Net Present Value $1,287,141 $ 47,118
(6) PENSION PLANS
i The City participates in a money-purchase type pension plan
sponsored by the Texas Municipal Retirement System (TMRS), an agency
operated by the State of Texas. The plan covers alt full-time employees
except firemen and is funded by contributions based on a percentage of
r, compensation paid to employees. Employees are currently contributing an
amount equal to 5% of gross pay with the City contributing 5,75% of gross
pay. The City has no further legal obligations to provide additional
benefits after employee retirement.
The City's policy is to fund pension costs accrued which
include amortization of prior service costs over 20 years. Plan benefit
information as of December 31, 1986 follows:
i
j Date of most recent actuarial
valuation December 31, 1986
Actuarial cost method Unit Credit Method
Actuarial present value of
accumulated plan benefits:
Vested $10,462,520
Nonvested 1,5200937
Total $110983,457
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Net assets available for beneficiaries
(book value) $ 9,864,916
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' Unfunded accrued liability 21118,541
Firemen are covered by the Firemen's Relief and Retirement Plan,
a defined contribution plan. The City's policy is to fund pension costs
accrued which include amortization of prior service costs over 30 years.
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As of September 30, 1985, the actuarial present value of
accrued plan benefits was as follows:
Yested $1,9400531
j Nonvested 208,740
Total $2,149,271
The value of plan assets as of September 30, 1985 was $3,033,206 and the
actuarial present value of benefits was calculated using an 8% interest
rate assumption. The unfunded accrued liability at September 30, 1985
was $561,^40. The City has no further legal obligations to provide
additional benefits after employee retirement.
Pension expense for the year ended September 30, 1987, was as
follows:
°k TMRS $ 835,158
Firemen's Plan 185,903
A`
>r, w'.. Total $1,021,061
(7) DEFERRED COMPENSATION PLAN
a' The City offers its employees a deferred compensation plan
created in accordance with Internal Revenue Code Section 457. The plan,
available to all permanent City employees, permits them to defer, until
future years, up to 25% of annual gross earnings not to exceed $7,500.
The deferred compensation is not available to employees until
termination, retirement, death, or unforeseeable emergency.
All amounts of compensation deferred under the plan, all
property and rights purchased with those amounts, and all income
attributable to those amounts, property, or rights are (until paid or
made available to the employee or other beneficiary) solely the property
and rights of the City (without being restricted to the provisions of -
benefits under the plan), subject only to the claims of the City's
general creditors. Participants' rights under the plan are equal to
those of general creditors of the City in an amount equal to the fair
market value of the deferred account for each participant. Investments
(primarily cash and cash equivalent) in the deferred compensation plan
are recorded at market value.
(8) COMMITMENTS AND CONTINGENCIES
jl
Agreement with TMPA-
In 1976, the City, along with the cities of Bryan, Greenville
and Garland, Texas (the "Cities") entered into a Power Sales Contract
with the Texas Municipal Power Agency (TMPA). TMPA was created through
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concurrent ordinances of the Cities and is governed by a Board or
Directors consisting of eight members. two appointed by the governing
body of each city, Under the terms of the agreement, TMPA agreed to
construct or acquire electric generating plants to supply energy and
power to the Cities for a period of not less than 35 years. The Cities
in turn agreed to purchase all future power and energy requirements in
( excess of the amounts generated by their systems from TMPA at prices
intended to cover operating costs and retirement of debt. In the event
that revenues are insufficient to cover all costs and retire the
outstanding debt, each of the Cities has guaranteed a portion of the
unpaid debt based, generally, 1,pon its pro rata share of the energy
delivered to consumers in the prior operating year,
As cf September 30, 1987, total TMPA debt outstanding was
approximately $1,742,640,000, and the City's guaranteed percentage is
approximately 22%. In the opinion of management, the possibility of a
R material payment under this guarantee is remote in that TMPA is
a generating operating profits and assets exceed liabilities,
Presently, TMPA operates a 390 megawatt lignite-fueled
eneratin
g g plant and has an interest in a nuclear-fueled generating
z,- plant under construction. Should TMPA be dissolved, each City would be
entitled to an undivided interest in the property.
Selected financial statement information of TMPA is as
follows:
-
y _-----September -30-,------
r (Unaudited)
1987 1986
(000's) (000's)
OPERATING REVENUES
~ ; 1899747 5 191,929
r OPERATING EXPENSES 88,827 92,483
OPERATING INCOME 100,920 99,446
OTHER NONOPERATING SOURCES (USES) (62,849) (640908)
CURRENT ASSETS 33,136 280690
TOTAL ASSETS 1,806,048 1,751,781
LONG-(ERM DEBT 1,7679903 10716,347
TOTAL LIABILITIES 1,794,410 1074),P24
TOTAL EQUITY 110708 9,957
-35-
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Flow Memorial Hospital-
i
The City of Denton and Denton County participate jointly in W
the selection of Board members of Flow Memorial Hospital. Flow
Memorial Hospital is administered by a seven-member board comprised of
four members selected by Denton County and three members selected by
the City of Denton. Certain contributions are provided by the County
! and City. At September 30, 1987, the City had provided Flow Memorial
Hospital with S215,508 of support for operations,
j Selected financial statement information of Flow Memorial
Hospital is as follows:
September 30,
1987 (Unauditedl986
OPERATING REVENUES $10,657,024 $139891,194
OPERATING EXPENSES 12,596,268 14,689,417
OFERATING INCOME (LOSS) (1,939,244) (7986223)
OTHER NONOPERATING SOURCES 479,162 280,187
TOTAL ASSETS 8,037,907 9,549,663
CURRENT MATURITIES OF LONG-TERM DEBT 429,608 416,838
LONG-TERM DEBT 1,576,316 1,4271694
TOTAL LIABILITIES 3,855,281 4,110,132
TOTAL EQUITY 41182,626 5,4390533
Agreement with Lone Star Gas Company-
z, .
During 1983, the City entered into a natural gas sales
contract with Lone Star Gas Company which provides for natural gas
through 1988 to be used as fuel for the City's electric generating
facilities. The contract requires that the City estimate its future
use and provides penalties if actual usage is less than 40% of the
estimate. No penalties were incurred during fiscal 19861 and
management does not anticipate ~,ny during fiscal 1987.
j
1 Agreement with City of Dallas-
During 1985, the City entered into an agreement with the City
of Dallas which provides for the purchase of a minimum of 500,000
gallons/day of untreated water from the City of Dallas from Lake
Lewisville. This contract will be effective for 30 years.
-3b- -
S
CAI'
In addition, in 1980 the City and the City of Dallas r
contracted with the Corp of Engineers for the construction and
development of Ray Roberts Reservoir in Denton County, In the
contracts with the Corp of Engineers, the City will pay for twenty-six
(26X) per cent of the construction cost and Dallas will pay for
seventy-four (74%) per cent. Water obtained from the Reservoir will be
pro rata on tie basis of each city's proportional share of total
construction cost. The closing of the dam was completed in 1987 with
water being available from the Reservoir in aPA roximatel 1991. The
thy
estimated total
cor!~truction
cost 'at 1980 was $37,438,400. Of thisamounthethe beginning
estimated project in
investment cost for present demand is $19,641o600. The amount pofjthe
project investment allocated to the storage for present demand shall be
paid in fifty (60) consecutive annual installments, the first of which
shall be due and payable within thirty (30) days after the City is
notified by the contracting officer that the project is completed and
operational for water supply purposes. Annual installments thereafter
will be due and payable on the anniversary date of the first payment,
The project investment cost allocated for the remaining i
portion of the storage space provided in Aubrey Lake for future use is
currently estimated at $17,796,800 on the basis of cost presented, and
the basis of cost estimated at the signing of the contract in 1980. No
principal or interest payment with respect to this storage for future
water supply is required to be made during the first ten (10) years
following the date the project is operational for water supply
unless all or a purposes
portion of such storage is used for purposes of
withdrawal of water from or transfer of water into Aubrey Lake during
this period. When any portion of the storage for future water supply
t, is used, the amount of the project investment cost allocated thereto,
plus interest applicable to tsch portion as provided, will be due and
payabir on the date of the first use of such portion. The said amount
due shall be paid within the life of the project and not to exceed
^ fifty (60) consecutive annual payments. The City is also responsible
for twenty-six (26%) per cent of the cost of any major capital
replacement facilities required. The City will also be required to pay
the government twenty-six (26%) per cent of the annual experienced
operation and maintenance costs for specific water supply facilities at
the Reservoir,
i
-37-
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Litigation- -
Various claims and lawsuits are pending against the City, In
the opinion of City management and legal counsel, the potential losses,
after insurance coverage, on all claims will not have a material effect
on the City's financial position as of September 30, 1987.
(9) SEGMENT INFORMATION FOR ENTERPRISE FUNDS
Segment information for the year ended September 30, 1987, was [
as follows:
y q i
Utility Sanitation
System Fund Total
•
OPERATING REVENUES $73,120,971 $2,950,997 $769071,968 "
1.4
DEPRECIATION 4,215,005 116,127 4,331,132 I
r
OPERATING INCOME 90076,559 553,150 916290709
l= OPERATING TRANSFERS OUT 4,980,779 230,000 59210,779
NET INCOME (LOSS) (873,030) 224,995 (648,085) j
CURRENT CAPITAL CONTRIBUTIONS: - Ir
In aid of construction 19885,81, - 1,885,811 I
ACCOUNTS RECEIVABLE: _
Accounts receivable, gross 9,940,973 - 9,9409973
Allowance for uncoilectibles 3,896,300 - 308961300
Accounts receivable, net 6,044,673 - 6,0941673
1
PROPERTY, PLANT AND EQUIPMENT
ADDITIONS 8,270,165 47,730 8,3171895
TOTAL ASSETS 131,169,740 2,2769202 133,445,942
NET WORKING CAPITAL (DEFICIT) 31,449,519 510296 31,500,815 r-
BONDS PAYABLE-NET 402975,0/0 1,6009670 42,575,740
TOTAL EQUITY (DEFICIT) 80,9379912 (469,006) 80,468,906
i ,
1 i
-38-
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(10) INDIVIDUAL FUND DISCLOSURES
Individual fund disclosures as of and for the year ended
A f',
September 30, 1987, are as follows:
Deficit
Fund
Balances/
Interfund Interfund Retained
Earnings
Fund Receivables P_ ayables (1f and)
E
General Fund $ 301,351 S 10327,991 $
Special Revenue Funds:
Community Development
Block Grant _ 31,634 _
" " - Recreation 54,678
Criminal Justice
11,643 19,430 Other 75,000
Debt Service 46,629
96,559
Capital Project Funds:
Airport Improv?ment
_ Street Improvements 30,990 -
* 986rBondrF~ndts 49,585 _
16,224 _
*~,0 4 Enterprise Funds:
Utility System 4,489,733 41945,469
_
( . Sanitation 2,167 ~908,O6i (469s006)
{ :'s Special Assessments - 15,954
r ^F (215,110)
Internal Service Funds:
f Working Capital 198,758 1,321,399 (138,444)
Motor Pool 961,114 _
Trust and Agency Funds:
Expendable Trust 931GO4 1
Agency - Payroll 2,690,735 52,755
I Total 3 81870,734 3 8,8700734
eaeeeeaflee ae:as+a:e:
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
SUMHARY OF SPECIAL REVENUE FUNDS
Federal Revenue Sharing - to account for the operations of projects utilizing
~ evenue Sharing Entitlements. Such entitlements are issued by the Office of
yl Reverue Sharing and may be utilized at the discretion of the City.
s
Community Development Block Grant (CDBG) - to account for the operations of
4 projects utilizing Community Development Block Grant Funds. Such revenues
are restricted to expenditures for specified projects by the Department of
Housing and Urban Development.
A Recreation - to account for the revenues and expenditures for the recreation
PPrograms which are self-supporting. All expenditures will be reimbursed
IDO%. Various business operations, such as concessions, fall into this
- account,
Criminal Justice - to account for revenue received from the State of Texas
! Criminal ustice Division,
Emil Fowler Librar - to account for fines, donations, memorials and gifts
to the L rary that are restricted to the Public Library.
j All Other - to account for miscellaneous special revenue sources which
are required to finance specific activities.
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CITY OF DENTON, TEXAS
1
j COMBINING BALANCE SHEET - ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
1l Federal Community
k Revenue Development Criminal
ASSETS Sharing block Grant Recreation Justice
Cash and deposits ; - } 21,623 $189,133 } -
• Other receivables - 211
Due from other funds - - - 11,643
s
Due from other governments - 25,404 - 7,787
tt 1J}~ Ts
Total Assets 47,032 189,344 19,430
. t
LIABILITIES AND FUND BALANCES l
Liabilities: I
Deficit position in pooled cash } - } - ; - } -
„ Accounts payable and accrued expenses - S,S64 13,844
Retainage Payable - - - - r i
Deferred Revenue - - Z1,377
Due to otl er funds - 31,634 54,678 19,430
y -
Total Liabilities --40,198 89,899 19,430
ti Fund Balances: r-
' Reserved for encumbrances - 888 25,006 -
Unreserved-
a Designated for subsequent years'
expenditures - 51946 74,439 -
Total Fund Balances - 6,834 99,445
Total Liabilities and Fund Balances } - 47,032 $189,344 } 19,430
r~_.'. aauuu uaaeaa aeu uaa uaaaua
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Year Ended
Emily
Fowler All
September 30, September 30,
Library Other 1981 1986 3
m
$11.120 $43,355 ;265,236 $376,305
35 246 26,495
75,000 86,643 14,987 i
33,191 92,379
111,120 $118,390 $385,316 $510,166
. I
1.161 909 24,498 29,535 ;
i 2,414
_.J - lO5,T42 112'639
_
. 1-181 909 151,617 260,868
1 9 f .
rf~ ~ 1
y 6,506 1,760 34,160 f
? . , 49,621
f
3,433 115,721 199,539 199,671
:i _ r
9,939 117,481
233,699 249,298
. 1
} ;11,120 $118,390 1385,316 $510,166
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CITY OF DENTON, TEXAS
,
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CNANGFS IN FUND BALANCES -
ALL SPECIAL REVENUE FUNDS
+ FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
f
{
k, Federal Community
Revenue Development Criminal _
Sharing Block Grant Recreation Jsstice
Revenues:
Intergovernmental ; 8,362 ; 581,599 50,090 $ 45,771
Fees for services - - 393,330 -
Interest revenue 5,968
Mircellaneous - 7,333 95,932 56,690
( Total Revenues 8
,.v62 588,932 545,320 102,461
?f~~ 1
Expenditures:
Current-
General government - 520,850
-
Public safety - - 89,315
Parks and recreation 558,143 -
Capital outlay - 56,732 15,747
Expenditures - 577 582 574,190 89,315
Excess of Revenues Over
(Under) Expenditures 8,362 11,350 (28,870) 13,146
Other Financing Sources (uses):
Operating Transfers In -
Operating Transfers Out (81362) - (61,662) -
Capital Leases
3 Total Other Financing -
1 Sources (Uses) (8,362) (61,662) -
Excess of Revenues and Other
1 Sources Over (Under)
Expenditures and Other Uses - 11,350 (90,532) 13,146
Fund Balances (Deficits) • October 1 - (1,516) 189,977 113,146)
- p......- ;...6,834 -99,445
Fund Balances September 30
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Total s
r~•s
Year Ended
Emily
Y.
Fowler September 30, September 30,
Library All Other 1987 1986
w p ; - 134,102 } 719,924 41,379,906 4~ - 50,469 443,799 357,261
5,968 3,626
43,970 9,638 213,563 227,983
_ _
•43,970 •94,209 1,383,254 1,968,776
~M *
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2,648 91,010 614,508 215,523
' 69,315 108,673
- - 558,443 420,340
341084 - 106,563 $71,268
36,732 91,010 1,368,829 1,315,804
. .
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2a i 7,238 3,199 14,425 652,972
4
1 A.
i
'i - 151000 15,000 I
135,0001 (105,024) (591,712)
- - - 33,225 i
°
40,000 (30,024) (558,487)
ti
i
y.;i ; 1? 14 1,238 43,199 1151599) 94,485
~ 21701 74,282 249,298 154,813
J } 9,939 $117,421 ; 233,699 $ 249,298
wages., uuaauo ......226.
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CITY OF DFNTON, WAS
f FOR THE FISCAL YEAR ENDED SEPTEMBER 309 1987
SUMMARY OF CAPITAL PROJECTS FUNDS
e.
siw Air ort Im rovement Gra t Fund - to account for FAA Grant in aid for runway
+ ex ens on an a rpor eve opment.
General Pro ects Fund - to account for investing nonrecurring funds in capital
pant expans on or improvements, extraordinary maintenance projects, j
1 facility construction or other large nonrecurring projects, funded by
r.. operating revenues.
x
Street Im rovenent fund - to account for repairs and rehabilitation of city
streets un e by grants and bond proceeds.
Williams S uare Fund - to account for paving downtown parking lot to provide
'
{ par ng of n central business district funded by bond proceeds.
Construction Projects Fund - to account for major rehabilitation and construc-
tion on o ac t es un ed by bond funds.
l Other - to account for miscellaneous capital revenues and expenditures. {
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEA.1 ENDED SEPTEMBER 30, 1987
a:x Ih
Airport
Improvement General Street Williams 1986 Band
3 ASSETS Grant Projects Improvement Square Program
Cash and deposits $460,126 $226,000 $8,735,115 ;45,011 $4,409,247
Receivables (net of alloxanca
for uncollectiblesl:
Accrued interest 2,387 247 90,924 155 13,802
Other - 21,298 -
Due from other fumh - - - -
e ' 1 Out from other governments 262 - - -
1
II ` +
R r+ F't Total Assets $4621715 $226,247 $8,841,331 $46,169 $4,423,049 r,
P T 41
LIABILITIES AND FUND BALANCES
e a Liabilities:
Deficit position in pooled cash $ 3,468 S - 11,000 - ; 49,513 _
Accounts payable and accrued expenses - - 169,139 - 36,870
i Retainage payable - 160.261 - 11,206
Due to other funds 49.585 30,990 16,224
Deposits - - 43,605 -
Total Liabilities 3,468 49,585 414,995 - 113,813
r
Fund Balances:
r.
Reserved for encumbrances - 6,932 581,726 - -
Reserved for capital projects 459.307 169,730 1,850,616 45,169 4,509,236
it Total Fund Balances 459,307 176,662 8,432,342 45,169 4,309,236
Total Liabilities and
Fund Balances ;462,775 $226,247 $8,8471337 $45,169 $4,423,049
Appeases ...eases \\ta\l\\\a *peewee \aes►es\s•
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-48-
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f a
Year Ended
I' 'Construction September 30, September 30,
Projects Other 1981 1996
1499,596 ; 26,747 ;14,401,845 ;11,616,112 i
a 3,352 - 110,867 434,972
21,298
8,350
tf, "'v" 262 262
1502,948 126,747 ;14,534,272 ;12,069,696
,ia w 63,981 ; 56,730
206,009 104,678
171,467 105,526
96,799 733,452
43,605 48,048
1 ?
i 581,861 1,046,634
rc. , I
f - 32,414 621,132 938,832
502,948 (51727) 13-331-279 10.072-230
s
r 502,948 26,741 13,952,411 11,011,062
+ F
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;502,948 126,747 ;14,634,272 112,OS9,696
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CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL CAPITAL PROJECTS FUNDS
+ FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Afrport
Improvement General Street Willlams 1986 Bond
Grant Projects Improvement Square Program
Revenues:
Intergovernmental ; 16,935 $ -
In Grist revenue 19,412 13,150 568,544 2,519 73,344 V I
Miscellaneous 1,682 - 26,468 .....4425 I
j • t . -
Total Revenues 36,229 13,150 595.012 2 519 77 ,769
Expenditures:
1 capital outlay 79,142 46,708 2,281,835 - 3680513
r
Total Expenditures J9.142 46,104 2,281,835 368,553
Excess of Revenues Over (Under)
Expenditures (10,913) (33,558) 11,686,823) 7,519 (290,764)
Other Financing Sources (Uses1:
Proceeds of long-teem debt 500,220 - - - 4,600,000
Operating transfers in -
s Operating transfers out - (50,000) - •
v ;
Total Other Financing
Sources (Uses) $00,220 (50,000) - 4,600000
i Excess of Revenues and Other
Sources Over (Under)
Expendltures and other Uses 459,307 (83,558) (1,686,8231 2,519 4,309.236
I
Fund Balances - October 1 260,220 10,119,165 42,650 r°
1 Fund Balances - Scptember 30 $459,307 $176,662 $ 8,432,342 $ 45,169 $4,309,236
saammeme
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t Totals a'
Year Ended
3 Construction September 30, September 30,
I tr
Projects Other 1981 1986
~r
52,666 } 69,801 ; 39,855
" 28,562 705,531 911,405
P"'y r 16,000 48,115 246,638
" J p 1 . 28,562 68,866 824,107 1,197,898 '
KA,t6
I:~ly~f P I ..J
s~,E 156,760 2,932,978 2,935,136
A, 156.760 _.2_932,978
of
28,562 (87,894) (2,108,8711 (1,731,238) `
51100,220
k
4+~''~+ + 1~ ~t - 2630102
550,0001 (674,286)
J - 5,050,220 (410,584)
y M `
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28,562 (67,894) 2,941,349 (2,147,822)
~K w
i t t : ~ ` fa '"5 i
k~s 114,386 114,641 11,011,062 13,158,884
•,'r X5021948 126,747 ;13,952,111 ;11,011,062
14MMIffiss assessed
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CITY OF DENTON, TEXAS
j FOR THE FISCAL YEAR ENDED SEPTEMBER 30 1987
SUMMARY OF ENTERPRISE FUNDS
k {
Unlit S stem - To account for tt,a provision of utility services to the
res en s o the City. All activities necesa to t not limited such services
,
in this Fund, including bu
are accounted for
T rations, maintenance, financing and related debt service.
tration, ope
Sanitation - To account for the provision of sanitation services to the
res eof the City. All activities necessary to provide such services
are accounted for in this Fund, including, but not limited to, adminis-
z~ t : r
ry tration, operations, maintenance, financing and related debt service.
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CITY OF DENTON, TE4A5
COMINING BALANCE SHEET - ALL ENTERPRISE FUNDS _
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987 -
Utility
ASSETS System
e
'r $ 21,857,448 i'
,P cash and deposits
Receivables he: of 114a+ances for uncollectlblesl• 6,044,673
yva Accounts 5,123,441
Unbilled utility service
~ 200,253 i
Accrued interest 434,187
0tner
4,489,133
Due frog other funds 1..4j Merchandise inventory, at lower of cost or
! 1,244,669
market
j Prepaid expenses and deposits 8,753,295
Restricted assets 83,021,43S
R Fixed assets (net of accumulated depreciatton) ' Total Assets 1131,1690740
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Totals
if
September 30, September 30,
Sanitation _ 1987 1986
~H 10,404 $ 21,867,852 126,445,964
- 6,044,673 10,075,062
{ 137,592 5,261,039 4,098,287
'q - 200,853 819,935 `r
73,666 507,853 1,157,697
r 2,167 4,491,900 2,987,629
t - 1,244,669 1,244,669
139,236
8,753,295 810191040
" ` 20052,373 85,073,808 8110871045 p
i
$2,216,202 $133,445,942 $136,074,564
~ 3 ^ ~ ~ nuuuaa auuaauua of as a,uufa "k '
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET - ALL ENTERPRISE FUNDS (continued)
FOR THE f15CAL YEAR ENDED SEPTEMBER 30, 1987
Y
Utility
LIABILITIES AND FUND EQUITY Systen
„
LIABILITIES:
Deficit position in pooled cash ; 325,150
t' F , x Accounts payable and accrued expenses 1,805,825 i l
Retainage payable 180
I v'r v' r ',y r Accrued vacation leave 335,180
4 a, ; Meter deposits 532.688
I
Payable from restricted assets-' `
Accrued interest 1,311,267 `
Revenue bonds payable, current 2,115,000,
,1'r C x" i Due to other funds 4,945,468 L
Capital leases payable - Ii
4r' " Revenue bonds payable 38,860,910 E
\ General obligation bonds payable - f
r
Total Liabilities $0,231,828
4
L
1t ~ FUND EQUITY3
Contributed capital-
From other municipalities or governmental units 14,903,082
In aid of construction 19,971,230
1 Retained earnings (deficit). r-
s Reserved for bond retirement 5,484,578
Unreserved 40,579,022
r
-
" Total Fund Equity (Deficit) 80.937.912
ja r I`
Af TA ~ r
~fi M Js
Total Liabilities and Fund Equity ;131,169,740
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1
1
4
Totals
September 30, September 30,
Sanltatfon 1987 1986
47,545 372,495 f 641,242 "
43,638 1,849,463 4,481,371
180 92,588
' 67,596 403,776 305,019
t' ~ 532,688 315.49} ~
li iAl''' r"- dd I
4° tl r 13,954 1,325,221 1,374,438
21115,000 2,020,000
908,066 5,853,534 70942,558
t 4.'y` et 630939 63,939 159,S14
- 38,860,070 37,850,342
1,600,670 1,600,670 1,660,871
~
Y
`i? r -2,745,208 52.977.93b ' - 56.843-434
-
Yy
i 11
- 14,903,082 14,903,082
19,971,230 18,085,419
6,484,578 4,624,602
(469.006) 40,110,016 410618,027
31-130
(469.0061 -80-466:906 .79.2
III ~ i
% 12,276,202 $133,445,942 1136.074,664
I~
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I
CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
II
~tls11em ty _
y Sanitation
OPERATING REVENUES:
a Electric service X62,123,026
Water sere ce 6,721,146
kwer service 4,084,366
Charges for services - 2,897,226 t
Sundry 192,413 53,771
Total Operating Revenues -73,120971 -2 : 950 _ 997
OPERATING EXPENSES: - . -
Purchased power 46,588,463
Fuel 1,597,402
Purchase of water 828,668 ;
Na al~aaries and wages 5,8877U2,g 64116 1,103 866 Nntenancinensdu~epeirs 2 114I6A N
Oeprtcfatlon 4,215,005 116,127
2.
r~ miscellaneous 237,323 741,002 i'
" I Total Operating Expenses 14,044,412 -2,391,847 t~
41
),0)6,559 553150 I
y, +r S Operating income (Loss)
a ;
^ NONOPERATING REVENUES (EXPENSESI:
r 1,847,603
Interest expense and fiscal charges 13 423,4731 (97,579}
Other x328,044 (576
Total Nonogereting Revenues (Expenses) T508,9H I - (98,155}
,i+ a 1F Y'.
` Income (Loss) Before Operating Transfers
and Extraordinary Item 7,161,645 454,995
OPERATING TRANSFERS (OUT) (4,960,779) (230,000) j
r . Intone (Loss) Before Extraordinary Item 2,186,866 224,995 E
r EXTRAORDINARY ITEM (31059,896)
995 L.
Net Income (Loss) (873,030) 224
RETAINED EARNINGS (DEFICIT) - October 1 46,936,630 (694,001) r,.
RETAINED EARNINGS (DEFICIT} - September 30 146,063,600 ; (469,006)
+
`l
'i -58- ;
i
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F
I
%
f
1.
t
- w r
t
I
Total s
~r~Ended.
Yea
_
.
.Se~tember.
temDer30 198T....... P
30, 1986
e
P
{
r7 r'
1 $62,123,026 $64,206,493
6,721,146 5,364,792
4,064,386 3,901,909
2,897,226 2,604,878
246,184 94,168
76.071,968 16_172.840 i
1 1
46,588,463 46,414,266
k a 1.828.668 2,316,717
707,345
61976,277 6,096 752
9
763,280
~r 2,378,712 23114
4,331,132 3:631:970
2,978,325 2,291,017
E . i
66,442 259 64,527,222
~ 11,645,618
L
1,847,603 2,279,961
(3 526,0521 (4 166,443)
1 5328,620 504,6021
r 12,007,069)
( ~7,622,640 9,254 534
1 ~
(5,210,179) (4,861,4311
r„ 1 ' E
2,41!,861 ~~4,393,103
(3,059,896) 112,703
(648,035) 4,505,806
46,242,629 41,736823
629
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1 a
1
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i
CITY OF DENTON, TEXAS
i
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
BUDGET AND ACTUAL - (BUDGET BASIS) - ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Utility System
Variance-
Favorable
Budget Actual (Unfavorable)
OPERATING REVENUES:
Electric service $63,704,100 162,123,026 1{1,581,414)
Ur serv~ce 7,679,0330 6,721,146 11,057,8541
Sewer service 5, 04,7 2 4,08 ,386 (1,420,346)
' Charges for services -
Sundry 15,500 192,413 116,913
Total Operating Revenues 77,063,732 73,120,971 (3,942,761)
' q OPERATING EXPENSES:
Purchased power 46,021,225 46,588,463 (567,238)
Fuel 2,833,060 1,597,402 1,235,658
Purchase of water - - -
Saleres and wages 71512,629 5,872,411 1,640,218
q1 Materials and supplies 719,060 659,922 59,138 ;
Maintenance and repairs 2,670,630 2,381,110 289,520
M13cellaneous 2,924,297 2,283,022 641,275
r Capital Outlay 4,147,241 11452,985 2,694,256
- -
Total Operating Expenses 66,828,142 60,835,315 -•5,992,827
r Operating :ncome (loss) 10,235,590 12,285,656 ••2,0500066
'L9:e i.,
NONOPERATING REVENUES (EXPENSES):
Interest revenue 563,000 1,847,603 1,284,603
Interest expense ai,d fiscal charges - (3,428,473) (3,428,473)
Other - (328,044) (328,044)
r.
Total Nonoperating Revenues
(Expenses) ---.563,000 (1,908,914) (2,471,914)
Insoroe `(Loss) Befor~a Operating
{ -
TrsnaYare and Extraordinary Item 10,798,590 10,376,742 (421,848)
OPERATING TRANSFERS IN (OUT) (10,762,364) (4,987,424) 5,174,940
Intone (Loss) Before
Extraordinary item 36,226 (3;059;6961 13;059;8¢6
EXTRAORDINARY ITEM )
Net Income (Loss) 36,226 2,329,422 2,293,196
RETAINED EARNINGS - October 1 46,936,630 46,936,630 -
•
RE7AINED EARNINGS (DEFICITI - September 30
(Budget Basis) 46,972,856 49,266,052 21293,196
ENCUMBRANCES AND CAPITAL OUTLAYS NET OF 1 j
DEPRECIATION INCLUDED ABOVE (3,201,452) (3,202,452)
RETAINED EARNINGS (DEFICIT) - September 30 - W
(GAAP Basis) $43,770,404 146,063,600 1 2,293,196
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Total
III Variance- Variance-
F vorabl Favorable
Ya Budget Actual (Um avorab~e) Budget Actual (unfavorable)
. ; ;63,704,500 X62,123,026 ;(1,581,474
7,77799 07000p 6,772211 14466 1,057,335q4g
2 788 084 2 897,226 109,142 2;788;084 2;897;226 ~l.i 9;142
l 4,000 $3,771 49,711 79,500 246,184 166,684
2:792_084 2;950,997 -.158,913 .19:855,816 76.071.968 _(3,783.848)
46,021,225 46,588,463 (567,238)
t - 2,833,060 1,591,402 1,235,658
1,164,979 11103,866 61,113 8,611,608 6,976,277 1,701,331
198,515 1111363 21,152 917,575 837,285 80,290
4• 266,542 31,738 2,974,910 2,611,652 127,258
845. 68) ,697 165,424 3,777,416 2. 6,719 06,694 y
k~Ciw a 57,381 155,412 (98,031) 4,204,622 1,608_397 2596,225
2,574,276 2,386,880 187,396 .69,402,416 63,222,195 ••6_180,223 E
f . p
a 1', 211,808 564,117 346,309 0,453,398 12,849,113 2,396 3Ti
,603 ,214,603
563,000 1,817
- (97 579 (97 579 (3 56,052 I~ 526052))
5 .....1576~ .....~5T6~
(98,155) (98,155) 563,000 (2,007,069) (2,570,069)
?a
217,808 465,962 248,154 11,016,398 10,842,704 (173,694)
(212,4681 (230,000) (17,532) (10,974,832) (5,211 424) 5,757 408
}
,340 235,962 230,622 41,566 5,625,280 5,S83,714
_ - (3,059,896) (31059,896)
1,340 235,962 230,622 41,566 2,565,384 2,523,818
. -(694,001) •(694,001) 46,242,629 .46,242,629
(688,661) (458,039) 230,622 46,284,195 48,808,013 2152368;8
1 (10,967) 110,9611 (3,213,419) (3,213,419)
;a
3,2:::3 818
j i(::::8) ;1469,0061}230 b22 1::.::::::: $45.694,594
.61.
4
1;+
i
E CITY Of DENTON, TEXAS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987 -
j Utility
System Sanitatfon
SOURCES OF WORKING CAPITAL-
operations- 2,186,866 2248995
' Net income (loss) before extraordinary Stem ~
Items not requiring working capital-
4,215,005 116,121
Depreciation 26,905
Amortization of bond discount and expense r
y 6,428,776 341,122 fi
1 Working Capital Provided by Operations
t r'
Extraordinary item (3,059,896)
4 17,485,000
Proceeds from salt of Revenue Refunding Bonds
Contributions• 1,885,811 - !
in aid of construction
Total Sources of Working Capital 22,739,691 341,122
it Js ....u•u.. •._u u.u. - 1
' a
USES OF WORKING CAPITAL:
8,276,165 41,730
Acquisition of property, plant and equipment 16,502,117 155,775
Reduction of long-term debt
Net chengt in restricted assets and liabilities 5970181 91,291
! payable fro restricted assets
25,369,523 294,796
•
Total Uses of Working Capitol
,at Increase (Decrease) in Working Capital ¢(2,629,832) $ ..•46,326
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL:
Increase (decrease) in current assets- 10,404
Cash and deposits ;(1,588,516)
Accounts receivable (2,8851797) 18,160
Inventory 72,873 23,236
other current assets
•17,401,440) 51,8OD s
v.
? (Increase) decrease in current liabilities-
Accounts payable and other liabilities 2,958,033 (63,726)
(217,197) -
Motor deposits 2,030,772 58,252
' Due to other funds
4,711,608 (51474)
Net Increase (Decrease) in Working Capitol $12,629,832) 46,326
.62.
f
f
{
l
3
3
Total s
Year Ended
Septemher.30, 1981.. .September
2,411,861 ; 4,393,103
4,331,132 3,638,970
26,905 26892
61769,898 8,058,965
` L 112,703
Y, . IS,659,896)
17,485,000 1,660,871
r ~ !~1'; ° j 1,985,811 A,5T5,625 ~
i 4 rtn v 1.
~4~ j r I., f Mai '
23,080,813 14,408,164
t
s, 12,377,842
8,311,895
3,908,689
' ~ ' 16,667,952
688,412 1298,620)
j
` I!l! 25664.319 15.981=911 l
E
'I
7 ;(2,583,506) $11,579,741)
r rN .aafuutl•
~ i
>}(4,5T8,1121 $2,611,406
(2,867,6311 (542,3801
`.a 1,999
zM r 96,109 819,695
r { _
;r"+S (1,349,640) 21896,720
„ ; J 2,.94,301 (2,9416232)
1
{211,197) 10,581 .
2,089,024 (1,545,816)
g '
417660134 14,476,4671
i.
$(20583,506) $(115790747)
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30 1987
SUMMARY OF INTERNAL SERVICE FUNDS
~I Working CaRital Fund - to account for the financing of goods and services
provided by the unicipal Garage, Warehouse, and Machine Shop to other City
departments. Such costs are billed to the other departments at standard
labor charges and cost of parts plus 10%. Actual costs include
depreciation on the building, improvements, machinery and equipment used to
1 provide the service.
P 'y u
Motor Pool fund - to account for the purchase of City vehicles not budgeted in
14
r other un s. These vehicles are then leased to other City departments,
Monthly charges are equal to the vehicle cost less salvage value divided by
expected life of vehicle.
{
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-65-
a
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CITY OF DENTON. TEXAS
COMBINING BALANCE SHEET . ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 3D, 1987
f + '
ASSETS Working -
13 Capital Motor Pool
' Cash and deposits
Receivables 642,542
` 1,861 1,248 i
t Due from other funds 198,758 961,114
Merchandise inventory, at lower cost or market 1,246,273
Fixed assets (net of accumulated depreciation)
349,470 2,586,463 C'
'.r Total Assets
$1,796,362 $4,291,367
LIABILITIES AND FUND EQUITY
g
AL, -
:wy LIABILITIES:
r Deficit position in pooled rash
Accounts payable and accrued expenses $ 132,930 $
i leases payable 993,129 3,120 25,052 {
Accrued vacation and sick leave 12,277 1,130,073
Due to other funds 12'277 '
1,321,399
Total liabilities .1,653,415 .1,155,125
FUND EQUITY:
Contributed Capital.
From other municipalities or governmental units 281,391 2,145,255 r-
Retained earnings (deficit) (138,444) 390,987
Total Fund Equity ..'142,941 .3,136,242
Total Liabilities and Fund Equity
$1,796,362 $4,291,367
T 1
Yn -66•
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1 ^
M1
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i k
j
} 7
Totals
c ' + September 30, September 30,
1987 1986
642,542 } 31,771
,k v a } 3,109 255
i - 111591872 2,1020956
1,246,273 1,246,273
j d 3,035,933 3,523,998
• ~ . -
16,087,729 16,905,253
132,930 }1,406,891
71 118,732 43,410
1 ! 1,223,202 1,4440,788
12,271
t+ 16321,399 982,939
!
2,808,540 3,888,353
tj 1r 3,026,646 3,026,646
€ ti 252,543 (9,746)
A 3,279,189 31016,900
•
$6,087,729 }6,906,253
;5 aru rrvu •urfuu~
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,
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r
II
f
V
CITY OF DENTON. TEXAS
M8INING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
CO
ALL INTERNAL SERVICE FUNDS
a. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Harking i
Capital Motor Pool
OPERATING REVENUES:
Charges for goods and services ;3,401,648 $1,664,080
500
Miscellaneous ----32.428 61.... r
i
Total Operating Revenues 3,434,016 1,725,580 1 '
OPERATING EXPENSES: 1
Salaries and wages 458,783
Materials and supplies 2,b47,661 -
Maintenance and repairs 61,548 -
Depreciation 26,310 1,400,258
Niseeltaneous 182,802
+ , . o,
3,377,104 1,400,258
Total Operating Expenses
s ,r
Operating Income (Loss) 56,972 325,322
r.
NONOPERATING REVENUES (EXPENSESI:
Interest revenue 2,481
Interest expense and fiscal charges (13,6451 {108,8411
Total Nonoperating Revenues (Expenses) .-.(13.645) -.1106.360)
b Net Income (Loss) 43,327 218,962
fi, J
"j RETAINED EARNINGS (DEFICIT)- October 1 (181,771) 172,025
M1 '
,y
:s RETAINED EARNINGS (DEFICIT) - September 30 ; (138,444) 390,987
r
-68.
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s
C
1
.i
i Totals
i Year Ended
' i
September 30, 1987 September 30, 1966
c:' 1 $5,065,128 .}4,824,586
93,928 179,736
5,759,656 5,004,322
458,783 439,246
IL,, - 2,647,661 3,065,171
61,548 30,669
1,426,568 1,209,989
182-802 ---178:183
j #3 4,777,362 4,923,258
9
i
382,294 $1,064
c
,r
2,487 2,803
r (122-492) (101.658)
(120,005) (104,855)
}i
1 %A 2626289 123,791)
%
x:
,y (96746) 14,045 °
?t
J 252,543 $ (9,746)
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~ E CITY OF DENTON, TEXAS
I _
r
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Working {
Capital Motor Pool e i ty.
SOURCES OF WORKING CAPITAL: ;
1 Operations-
Net income (loss) ; 43,327 $ 21B,962
Items not requiring working capital. t
Depreciation 26,310 11400.253 ! '
i.l i D; •j
Working Capital Provided (Used) by Operations 69,637 1,619,220 i `
r Contributions.
;r Other funds dt,
a,
Total Sources of Working Capital 69,637
1.619,220 i,
1
USES OF WORKING CAPITAL:
Acquisition of property, plant and equipment
Contributions S5,580 882,923
{ -
Total Uses of Working Capital 5
$5,560 882,923 ( ri
Net Increase (Decrease) in Working Capital •-.-1 IDS
^ f ; 057 $ 736,297
aaauwua uanuata
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL;
Y,
Increase (decrease) in current assets- ;
Cash and deposits - 61017?I
Accounts receivable
Inventory i,195 11059
Other current assets ..(740.716) (202,308) tips ?i
}EPEE
1738,981? . '469,522 ;"i
1 t,
(IncrNae) decrease in current liabilities-
f'F Accounts payable and other liabilities 1,223.492 -'.194,781 W
Due to other funds (470,454) 131,994 {5
4 (t
753,038 326-715
Net increase (Decrease) in Working Cacltal j -14,057
736,297
c.,'+ aauaeaaa aavaaaeu ;S: FYS ~-70- a
1VV
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S
4
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i
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i
Totals
Year Ended
.......................p
September 30, 1987 Se temper 30, 1986
262,289 = (23,791)
j 1,426,568 1,209,989 ii
"
t
m 1,688,857 1,186,198
504,602
'r.E .1,b'•^.bl 11690,800
r'
r y:
j 938,503 1,925,646
r r ~ -7+126
t 1 938,503 1,933,372
750,354 $ 1242,572)
al; t.j --1
1 610,711 (4441927)
2,854 1,266
art 13,490 4
j (943,084) 9141906
r •1329,4591 484035
4
s 1,418,273 (525,696)
1338,460) (371,311)
1,079,813 (903,0071
¢ 760,354 (418,212)
d
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is
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s
j
CITY OF DEN.-ON, TEXAS
SCNEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
BUDGET AND ACTUAL - (BUDGET BASIS) - WORXING CAPITAL FUND
{ FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Working Capital Fund
Variance-
Favorable
Budget Actual (Unfavorable)
OPERATING REVENUES:
Charges for goods and services : 3,898,324 ; 3,401,648 f (496,676)
Sundry 16,000 32,428 16,428
Total Operating Revenues 3,914,324 3,434,076 (480,248)
p
OPERATING EXPENSES:
R k Salaries and wages 497,205 458,783 38,422 ~
4 Materials and supplies 3,054,938 3,032,000 22,938
Maintenance and repairs 83,267 61,612 21,655
E Depreciation 94,264 55,053 39,211
Miscellaneous 189,936 195,372 (5,436) L,
M,
Total Operating Expenses 3.919.610 -.3.802,820 -•`-116,790
-
Operating Income (Loss) (5,286) (368,744) (363,458)
NONDPERATING REVENUES (EXPENSESII
Interest expense and fiscal charges 113,645) (13,645)
Total Nonoperating Revenues
(Expenses) (13,645) (13,645)
Net Income (Loss) (5,2861 (382,389) (J17,103)
RETAINED EARNINGS • October 1 (1810771) (181,7711
RETAINED EARNINGS (DEFICIT) - September 30
1Budgetary Basis) 11671051) (564,160) (371,103)
rI
ENCUMBRANCES AND CAPITAL OUTLAYS NET OF
DEPRECIATION INCLUDED ABOVE 425,716 4259716
RETAINED EARNINGS (DEFICIT) -September 30
„ (GAAP Basis) 238,659 S (138,444) $ (377,103)
'.f ■~,urnru urru urau flruuuru I.
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,
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S
A
E
A CITY OF DENTON, TEXAS
J j
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
SUMMARY OF TRUST AND AGENCY FUNDS
EXPENDABLE TRUST FUND
Employee Insurance - to account for accumulation of resources for the payment
a
„r ~w s -1 of employee insurance claims and insurance policies.
NONEXPENDABLE TRUST FUNDS II
Plus One Contributions - to account for the collection of citizen contributions
to a private organization to aid financially distressed utility customers.
AGENCY FUNDS
Payroll - to account for the collection and payment of the City's payroll and
associated liabilities.
Deferred Compensation- - to account for the City employees' investment in a
deferred compensation plan,
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-73-
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4
CITY OF DENTON, TEXAS
i
COMBINING BALANCE SHEET - ALL TRUST AND AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987 _
l
3 Trust Funds
ASSETS Expendable Nonexpendable
Cash and deposits $687,203 ; 126
f 1
Receivables: r j
Accrued interest 3,247 -
o
Other -
Y }.1J i
Due from other funds 93,604 -
~ I
*A' Prepaid expenses and deposits
Total Assets ;684,054 ; 126
.mass..
44
1 LIABILITIES AND FUND EQUITY
Deficit position In pooled cash $198,619 - M
I Accounts payable 136,083 126
j Accounts payable - claims Incurred
but not reported 184,616 _
*:1 Due to other funds
1 I
Total Liabilities 514,379 • ••126
Fund balanoes • undesignated 164,675
a.
Total Liabilities and Fund Equity $684,054 $ 126 w
r
_ f
I 1 f
•74-
5
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4
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1 Totals
1981 30, 19db
Agency Funds September
September 30, ~ ,
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44' f 134,369 ; 721,698 ; 685,100
3,247 3,638
Y r 20,701
tC':rr{ r" ' j 2,690,735 2,784,339 3,648,926
21,891
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;2,825,104 13,509,284 $4,386,262
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$2,443,652 12,642,331 $3,376,651
r1 328,497 464,906 315,789 l
184,616 64,103
..x ....52=155 ....52:754
1 2,825,104 3,344,609 3,156,543
164,675 629,719
$2,625,104 $3409,284 $4,386,262
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CITY OF DENTON, TEXAS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
I
Balance
October 1, 1986
^ } PAYROLL FUND ASSETS
Due from other funds 13,569,817
Total Assets $3,569,817
LIABILITIES
5' 1- 1 'tk
" i r+ Deflect position In pooled cash ;3,362,896
e w. I Accounts payable 206,921 1'+
q~ rt" T . Out to Other funds
g. s
z Total Liabilities * j3,569,d1)
DEFERRED OOMPEMSATION FUND
ASSETS
Cash and deposits ~ 26,440
Total Assets 26,440
LIABILITIES -
Accounts payable - due to participants ~ 26,440
Total L1abllttles ; 26,440
TOTAL AGENCY FUNDS ASSETS
Cash and deposits ; 26,440
Due from other funds 3,669,817 w.
Total Assent' X3,596,257
E
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' Deficit posltIon in pooled cash $31362,896
Accounts pe3sbl• 233,361
We q Other Funds .
Total Liabilities ;3,596,2E7
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Additions Deductions SeptemDer1987
879,082 $2,690,735
..879,082 $2,690,735
' ' $ $ 919,244 12,443,652
f y 12,593 194,328
y.3 52,755 - 52,755
Y'' r t y 1~! yM _
F
$ ••931,837 $2,690,735
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110,351 $ 2,422 $ 134,369
„ } 134,369
110,351 2 2 Idessoommom
2,+22 $ 134,369
rl $ 110,351 $
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t 819,082 2,690,135 ,"e
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. n $ 110,351 $
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919,244 $2,4430652
$ 110,351 $ 15,015 328,697
' % 52,155 52,155
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$ 1630106 $ 9340259 $2,825,104
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
GENERAL FUND SUPPLEMENTAL INFORMATION
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
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CITY OF DENTON, TEXAS
,
. GENERAL FUND - SCHEDULE OF EXPENDITURES . 1
BUDGET AND ACTUAL
"a FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
Favorable
Budget Actual (Unfavorable)
GENERAL GOVERNMENT:
Administration (0001)
Personal Services 362,791 $ 339,832 $ 22,959
' Supplies 25,391 24,907 484
' Maintenance 1,976 1,904 72
Services 118,826 116,682 2,144
Sundr 19,910 18,433 1,477
f 1 y 9,952 8,510 1,442
Fixed Assets , S.
~ 538 846 510 268 2B 578 ,
7 i
Building Operations (0002)
n
85,919 860328 (409)
Personal Service
15,762 13,656 2,106
Supplies 84,061 80,211 3,650
t'w MainGnance
Servieas 463,3A 473,086 (4,692)
Fixed A amts 2,310 2,201 143
656,486 655,488 998
l Operations Wlysis/Energy Management (0003) '
Personal Services 63,591 61,794 10791
Supplies 3,324 3,600 (2761
Maintenance 25 25
8,427 8,843 (416)
Services So 19 31
Sundry r
i
75,417 74,281 18136
Word Processing (0006)
x -~.Personal Services 125,416 128,948 (30532) L.
Supplies 12,918 11,219 10639
Maintenance 25,042 21,153 889 f""
Services 60566 3,442 3,144 j~
Fixed Assets 41595 4,547 48
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114 351 172'369 2,188
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^ CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
Favorable
_ Budget Actual (Unfavorable)
Personnel (0008)
Personal Services 245,910 244,436 j 1,474
Supplies 19,812 19,809 3
Maintenance 11543 1,668 (125)
% - Services 47,302 36,955 10,347 r.
Sundry 8,073 7,995 78
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A 322,640 310,863 11,777
Date Processing/Administration (00111 -
-
" Personal Services 325.234 281,952 43,282
9
-A Supplies 31,919 29,880 2,039
r~ I MAintena%# 72,445 54,836 17,609
t~ t, Services 390,510 390,970 (460)
Sundry 528 419 109
3 Fixed Assets 3 952 31,633 (27,681)
824,588 789,690 34,898
_
Legal Administration 10004) E 1
Personal Services 266,362 213,051 55,311
Supplies 5,050 6,037 (987)
Maintenance 407 407 i
Services 69,941 61,278 21663
Sundry 51200 6,107 93
Fixed Assets 13,725 12,542 1,183
v;• '•••362,685 .--.304,422 .••••58,263 €V~
Legal/Municipal Court (00051
`i Personal Services 50,313 46,560 3,753
Supplies 11000 380 620
Services 2,200 1,406 794
53.513 48,346 51167
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CITY OF DENTON, TEXAS _
i
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
Favorable
Budget Actual (Unfavorable)
Library Administration (0070)
Personal Services ; 122,732 115,568 j 7,164
Supplies 10,470 10,133 337
Maintenance 1,650 1,642 8
Services 55,884 50,339 5,545
Sundry 55 19 36
190,791 177,701 13,094
JN r+
Support Services (0072)
Personal Services 199,648 178,079 21,569 t
Maintenance 3,083 3,006 77
:rC Services 204 206 (2) f
----181,291 •-.••21,644
Adult Services (0013)
Personal Services 189,745 179,067 10,678
Supplies 4,000 3,895 104
Maintenance 390 390
Services 19,148 16,914 234
Fined Assets 43,711 43,764 (53)
256,994 ---246,031 10,963
-
Children Services (0014)
Personal Services 101,387 101,201 186
Supplies 721 714 13
Maintenance 100 100
Services 159 159 -
Fixed Assets 11,750 11,754 (4)
r.
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w. ) .•114,123 113,828 296
finance Administration (0020) '
-
Personal Services 213,228 164,369 48,859
Supplies 5,560 3,379 21181
Maintenance 675 711 (36)
Services 19,050 `4,102 4,948
Sundry so 19 31
Fixed Assets ' Soo - 500
239,063 182,580 56,483
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CITY OF DENTON. TEXAS
i
~ GENERAL FUND - SOhEOULE Of EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
i
Favorable
Budget Actual (Unfavorable)
Purchasing 100211
Personal Services s 764,295 ; 162,197 } 2,098
Supplies 9,800 81886 914
Maintenance 2,300 1,539 761
I .,.1 Services 20,850 17,980 2,870
1 Sundry 50 19 31
v
Fixed Assets 1,545 1,000 54S
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w`~ *f .c 198,840 191,621 1,219
r -
1 Customer Service
Services ---507 601,098 -.468.831 --38,267
Supplies 105,708 99,488 6,220
1rM A ' Maintenance 4,500 1,832 21668
l „ Services 145,660 80,422 65,438
r. Sundry 100 19 81
Fixed Assets 5,468 4,868 600
Ay
768,734 655,460 113,274
Cashiering (0023)
r . 4-; ' • 1 Personal Services 137,652 132,540 5,112
Supplies 4,274 21913 1,361
Maintenance 1,000 722 278
Services 4,700, 41498 202
Sundry 109 19 90
1 147,135 140,692 7,043
i
A Accounting (0024)
' Persona) Services 279,681 265,021 14,660
Supplies 13,550 13,209 341
Maintenance 450 534 (84)
1 Services 5,599 4,958 641
Sundry 60 19 41
299,340 283,141 15,599
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CITY OF DENTON. TEXAS
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GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
Favorable
Budget Actual (Unfavorable)
Tar (0025)
Personal Services j 42,838 j 42,637 j 201
Supplies 9,450 6,108 3,342
Maintenance 100 29 71
Services 64,199 96,331 (32,1321
Sundry 60 34 26
1 116,647 145,139 (28,492)
Municipal Court Clerks (0026)
Persomsl Services 98,222 77,919 20,303
A ( Supplies 10,050 81106 1,944
i Maintenance 441 125 316
Services 5,302 2,118 3,184
Sundry 50 8 ---.....42
.
114,065 88,276 25,789 j
i Finance AWnlstration Misc. (020M)
Services 55,119 16,530 38,589
Sundry 1,136,724 747,409 389,315
1,191,843 763,939 427,904
% Accounting Misc. (024M)
Personal Services 80,000 80,000 -
Services 50,000 54,887 (4,887)
Insurance 310,000 310,000 -
Sundry 220,600 99,796 120,804
660,600 544,683 115,917
Planning 8 Community Development (00151
Personal Services 309,206 294,636 14,570
Supplies 21,939 14,703 7,236
Maintenance 500 100 400
Services 45,228 37,038 8,190
Sundry 6,211 6,020 191
i Fixed Assets 3,073 2,744 329
386.157 355,241 30,916
Planning 8 Development Misc. (015M)
Sundry 145,507 118,831 26,676
145,507 118,831 26,676
Total General Government j 8,042,106 j 7,054,781 987,325
-84.
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_ CITY OF DENTON, TEXAS
1
{ GENERAL FUND -SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (CONTINUED)
F06 THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
_ Variance-
Favorable
Budget Actual (Unfavorable)
PUBLIC WORXS:
Emergency Management (0007)
Personal Services j 37,475 j 38,566 (1,091)
Supplies 6,966 6,371 595
Maintenance 4,912 5,317 (405)
r Services 12,726 10,392 2,334
I Sundry 50 19 31
Fixed Assets 3,240 1,332 1,908
65,369 61,997 3,372
Engineering (0010)
i}Cr ` Personal Services 702,451 710,193 (7,742)
v K .y Supplies 27,725 23,566 4,159
t 1 j Maintenance 10,586 11,255 (669)
Services 32,450 27,382 5,068
" Sundry 200 33 167
Fixed Assets 11339 ...._11.338 1
ti,
784,751 783,767 984
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e ' IRspectfoi (0011) k
2 y, Personal Services 300,032 301,785 (1,753)
' Supplies 10,559 9,330 1,229 pp
Maintenance 4,078 3,349 729 f
Services 16,024 14,934 1,090
Sundry 225 80 145
Fixed Assets 1,620 1,619 1
j 7, 332,538 331,097 1,441
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Transportation Engineering (0012)
Personal Services 183,942 172,816 11,126
Supplies 10,195 8,705 1,490
Maintenance 87,955 88,220 (265)
Services 21,537 21,651 1114)
Sundry 100 15 85
Y 1 ....uu...
301,129 291,407 12,322
-85.
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CITY OF DENTON* TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES
i BUDGET AND ACTUAL (CONTINUED)
j FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
Favorable
i
` Budget Actual (Unfavorable)
Airport (0019) $ 54,593 } 54,735 $ (142)
E Personal Services 4,358 2,701 1,657 ^
I Supplies 7,965 6,822 1,143
Maintenance 14,788 14,205 $83
Services 725 707 18
Sundry 4,698 1,251 3,447
A"
Fixed Assets
87,127 80,421 6,706
t
Public works Administration (0030) 183,692 191,506 (7,8141
* Personal Services
1 6,233 6.520 (2871 l
Supplies 2,440 2,360 80
Maintenance 15,686 12,774 2,912
t ; Services 350 322 28
Sundry 14,192 13,101 1,091
3 Fixed Assets
222,593 226,583 (31990)
_
Street Patching (0031) 281,034 215,506 5,528
Personal Services 31,984 27,590 4,394
Supplies 340,505 283,871 56,634
Maintenance 43,061 87,441 (44,381)
Services 95,687 44,948 $0,739
Fixed Assets
792,271 719,357 72,914
Street Sweeping/Drainage (0032) 164.193 157,258 6,935
Personal Services 21,324 16,802 4.522
Supplies
Maintenance 55,253 54,060 1,173
73,556 70,340 3,216
Services
,413
1,564 4.413 151 Fixed Assets
-••-318,890 302,893 15,997
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CITY OF DENTON, TEXAS
1
all
GENERAL FUND - SCHEDULE OF EXPENDITURES -
8UDGET AND ACTUAL (CONTINUED)
E FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
,
Variance-
Favorable
Budget Actual (Unfavorable)
^ Street Construction (0033)
Personal Services $ 249,266 ; 252,602 $ (3,336)
Supplies 12,946 81938 4,008
- Maintenance 127,742 98,146 29,596
Services 131,816 126,764 5,052
Sundry 42 19 23
j 521,812 486,469 35,343
;v J
Street Lighting (0034)
Services 332,215 263,627 68,588
...263,627
68,588
3
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f i I Animal Control (0044)
Personal Services 171,093 163,137 13,956
r. Supplies 15,350 13,694 1,656 ! r
'ELI Maintenance 5,300 3,922 1,378 ,Ll d Services 27,463 21,735 (2721
IJ;, p 225,206 208,488 16,718 a,
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Total Pubic Works $ 3,986,501 3,756,106 ; 230,395
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CITY OF DENTON, TEXAS
GENERAL FUN& - SCHEDULE OF EXPENDITURES -
i BUDGET AND ACTUAL ICONTINUED)
1 FOR THE FISCAL YEAR ENDED SEPTEMBER 3D, 1987
Variance-
Favorable
I Budget Actual (Unfavorable)
PARKS 8 RECREATION:
f Parks b Recreation Administration (0060)
Personal Services $ 155,297 155,823 ; (526)
Supplies 20,963 23,525 (2,562)
Maintenance 3,000 2,942 58
Services 33,925 27,091 6,834
Sundry 350 180 170
`
' 213,535 209,561 .3974
Recreation (0062)
Personal Services 483,208 468,417 14,791
Supplies 54,031 50,740 3,291
f Maintenance 16,550 16,370 180
Services 187,166 214,865 (27,099)
Sundry - 3,444 (3,444)
y 741,555 753,836 (121281)
ey
Park Maintenance (0064) Personal Services 514,833 477,329 37,501
Supplies 61,175 56,928 4,247
Maintenance 78,063 80,028 (1,965)
r
1 131,486 122,525 8,961
Services
Sundry ...----.150 150
785,707 736,810 48,897
i
Total Parks & Recreation $ 1,740,197 j 1,700,207 j 40,590
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CITY OF DEXTON, TEAAS
i~ GENERAL FUND - SCHEDULE OF E1•PENOITURES -
{ - BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
{ Variance-
Favorable
Budget Actual (Unfavorable)
PUBLIC SAFETY:
Police Administration (0040)
Personal Services 99,861 92,590 ; 7,271
Supplies 4,905 4,440 465
Maintenance 6,550 5,631 919
Services 79,712 60,110 19.602
k Sundry 1,300 388 912
Fixed Assets 1,812 - 1,812
194,140 163,159 30,981
criminal investigation (0041)
Personal Services 575,483 546,003 29,480
Supplies 29,145 25,166 3,979
1 ' Maintenance 9,020 11,750 12,7301
56,924 51,366 5,558
Services
Sundry 40,646 40.389 257
' Fixed Assets 1,860 4 1,856
o 713,078 38,400 -i
_
1 Administration (0042)
Personal Services 540,187 311,344 28,843
Supplies 29,200 22,891 6,309
Maintenance 19,950 18,370 11580 i
Services 25,274 21,357 3,917
Sundry 11,713 14,941 (3,228)
Fixed Assets 84,920 - 84,920
511,244 388,903 .-122,341 1
3
Patrol Division (0043)
Personal Services 2,260,600 2,251,557 3,043
f Supplies 80,817 88,120 (71303)
Maintenance 83,242 110,985 (27,743)
Services 185,590 227,041 (41,451)
i Sundry 100 - 100
i tt Fixed Assets 51,040 (1,472) 52,512
"~S .I ...-w ..u u..... 4.
J 2,661,389 2,682,231 (20,842)
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CITY OF DENTON, TEXAS
GENERAL FUND - SC6EOULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
E FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
Variance-
Favorable
j Budget Actual (Unfavorable)
Fire Admintstration (0050)
Personal Services } 130,949 109,952 } 20,997
Supplies 3,450 3,653 (203)
1 Maintenance 4,714 4,753 (39)
Services 82,191 61,136 1,055
Sundry 100 66 34
rj Fixed Assets 1,348 1,347 - 1
222,152 200,907 21,845
Operations (0051)
Personal Services 3,075,504 3,171,865 ( 96,3611
Supplies 77,781 77,069 712
Maintenance 62,049 82,659 (20,610)
Services 102,483 103,348 (865)
Fixed Assets 37,623 37,223 400
3,355,440 3,472,164 (116,724)
z . •
Prevention (0052)
Personal Services 121,148 105,488 15,660
Supplies 5,308 4,603 705
Maintenance 11900 4,795 (218951
Services 111966 10,947 11019
r Fixed Assets 2,104 2,200 (96)
142,426 128,033 14,393
Total Public Safety } 7,800,469 = 7,710,075 } 90,394
GRAND TOTAL GENERAL FUND 421,569,873 {20,221,169 } 1,348,704 ,
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CITY OF DENTON, TEXAS
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FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
4 SUMMARY OF UTILITY SYSTEM FUNDS
i
Electric System - to account for the provision of electric services to the
residents f the City. All activities necessary to provide such services
are accounted for in this Fund including, but not limited to,
administration, operations, maintenance, financing and related debt service.
Water and Sewer Fund - to account for the provision of water and sewer services
to the residents of the City. All activities necessary to provide such
services are accounted for in this Fund including, but not limited to,
administration, operations, maintenance, financing and related debt service
and billing and collection.
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET - UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
f
Electric
ASSETS System
Cash and deposits j12,47B,562
Receivables (net of allowances for uncollectibles)-
i Accounts 6,044,673
Unbilled utility service
1 Accrued interest 4,124,565
f Other 117,843
347,578
Due from other funds 4,441,980
Merchandise inventory, at lower of cost or
market
Prepaid expenses and deposits 1.244,669
Restricted assets 8,753,295
Fixed assets, net of accumulated depreciation 33,155,224 1
Total Assets $70,708,329
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I -.-Totals for.Utility -System
Water and September 30, September 30,
Sewer System 1987 1986
j 9,378,886 ; 21,857,448 ; 26,445,964
6,044,673 10,076,062
998,882 5,123,447 3,918,855
83,010 200,853 819,915
86,669 434,187 1,106,114
47,153 4,489,733 2,986,555
1,244,669 1,244,669
139,236
8,753,295 8,019,040
49,866,211 83,021,435 78,966,275 3
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$60,461,411 $131,169,740 $133,781,765
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET - UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1987
6
Electric
k LIABILITIES AND FUND EQUITY System
LIABILITIES:
Deficit position In pooled cash j 70169
Accounts payable and accrued expenses 1,431,452
a Retainage payable
Accrued vacation leaVe 243,253
Deposits 532,269
Payrble from restricted assets-
Accrued interest 788,807
Revenue bonds payable, current 1,272,250
i • 113 Due to other funds 650,014
a^' Revenue bonds payable 20,830,148 '
t` Total Liabilities
25,755,356
FUND EQUITY:
r Contributed capital-
From other municipalities or governmental units 13,060
to aid of construction 955,351 ,
Retained earnings-
{ Reserved for bond retirement 5,484,578
Unreserved
38,499,984
j Total Fund Equity 44,952,973
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Total Liabilities and Fund Equity $70,708,329
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Totals for Utility System
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Water and September 30, September 30,
Sewer System 1987 1986
4 317,981 ; 325,150 622,575
374,373 1,805,825 4,451,812 j
180 180 92,588
92,921 336,180 252,393
' 425 532,688 315,491
s
522,460 1,311,267 1,269,193
842,750 2,115,000 2,020,000 i
1 4,295,454 4,945,468 6,976,240
18,029,922 38,860,070 31. 850,342
_
24,476,472 50,231,828 S3,856,634
14,890,022 14,903,082 14,903,082
19,015,879 19,471,230 18,085,419 I
5,484,578 4,623,602
2,079,038 401579,022 42,312,028
35,984,939 80,937,912 19,925,131
$60,461,411 11131,169,740 1133,781,765
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CITY OF DENTON. TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS - -
UTILITY SYSTEM
FOR THE F15CAL YEAR ENDED SEPTEMBER 30, 1987
r Electric Water and
System Sewer System
OPERATING REVENUES: $62,123,026 -
Y , Electric service _ 6,721,146
Water service 4,084,386
Sewer service 38,131
154,282
Sundry
I
62,277-308 10,843,663
¢ Total Operating Revenues
OPERATING EXPtWSES: 41,548,837 1,039,626 l.; I
Purchased power 1,590,216 7,186 t
Fuel 828,666
Purchase of water 3,487,074 2,385,337
~
Salaries and wages 238,140 351,733
Materials and supplies 1,126,587 988,080
Maintenance and repairs 2,157,841 2,057,164
Depreciation 1,084,569 1,152,754
r r
Miscellaneous
233,864 8,810,518
Total Operating Expenses 55,233,864
_ -
Operating Inc" (Loss) ' 7,043,444 2,033,115
NONOPERATING REVENUES (EXPENSES): 1,141,623 705,980
Interest revenue (1,883,353) (1,545,120)
Interest expense and fiscal charges (240,694) (87,350)
Ocher
(982,424) (926,490)
Total Nonoperating Revenues (Expenses)
Income bafore operating Transfers and -6,061,020 1,106,625
Extraordinary Item
(3
OPERATING TRANSFERS (OUT) ,207,531) (1,173,248)
(1,399,966) (1,659,930)
EXTRAORDINARY ITEM
Net Income 1,453,523 (2,326,553)
42,531,039 4,405,591
RETAINED EARNINGS - DctobAr 1
X43,984,562 1 2,079,038
RETAINED EARNINGS - September 30
' -96-
f
i,
V
F
Totals for Utlllty Sy;teas
...........Year Ended
September 30, 1981 September 30, 1986
y $62,123.026 $64,206,493
6,721,146 5,364,792 I
C j .1 1,094,396 3,901,909
192,413 34,784
-73,120,971 -73,507,978
46,588,463 46,414,266
1,597,402 2,316,717
828,668 707,345
11 v. 5,872,411 6,132,360
590,473 571,159
►1 20114,667 1,990,274
~1 4,215,D05 3,533,329
2,237,323 1,778,893
'e •54,044,412 62,444,343
9,076,559 11,063,635
n
t.'
1,847,603 2,251,854
t (3,428,473) (3,862,046)
a (328,044) (346,480)
(1,908,914) (1,956,672)
•
r 1 l i
1 7,167,645 9,106,963
A
1 + (4,980,779) (4,616,431)
(3,059,8961
t (813,030) 4,490,S32
t i
` 46,936,630 42,446,098
a•
146,063,600 $46,936,630
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STATISTICAL SECTION
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CITY OF DENTON, TEXAS
1
GENERAL GOVERNMENT EXPENDITURES
BY FUNCTION (1)
` LAST TEN FISCAL YEARS
I( ,
Public Public
j Fiscal General Works
Year Government Safety rf,
:.r 1978 32,6193618 $216589588 $1,048,617
1979 2,882,471 2,956,146 1,0136586
1980 2,8810917 3,610,786 954,921
r.
I 1981 3,9920254 491739188 1,071,134 6
F rv {
fi 1982 4,348,188 40805,245 192080589
x' 1983 4,170,991 51020,458 2,1800879
1984 42673,090 5,531,882 29185,622 l
1985 6,191,8fi9 6,363,330 3,0710489
1986 6,5019953 7,156,369 3,6909350
-
1987 7,498,530 79742,987 396300471
F _
(1} Includes General, Special Revenue, and Debt Service Funds
F (2) 1977-1982 Capital outlay also included in Departmental Totals
(3} Difference due to advance refunding of General Obligations bonds and
Certificates of Obligation in November, 1985.
-100-
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Table 1
ii
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ti
Parks and Capital Debt
1 Recreation Other
Outlay (2) Service Total
' S 666,342 S 586,873 5 330,550 $1,438,207 5 9,018,245
760,328 635,704 232,697 11401,250 9,649,855
795,601 11102,998 586,540 1,745,016 12,354,705
936,673 19085,178 378,642 1,959,547 13,223,974
J
1,1370957 1,210,497 256,346 1,884,273 14,5949749
1,257,726 - 513,377 1,746,561 14,889,992
Ij,
1,4981,226 - 385,783 21392,858 170267,461
1,719,742
1,016,119 204199528 20,782,077
2,110,862 .
yfK j - 1,044,401 157,146(3) 20,6619081
2,252,215 - 3904359 31,663,923
25,178,485
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CITY OF DENTON, TEXAS
F,
r~ GENERAL REVENUES BY SOURCE (1)
LAST TEN FISCAL YEARS
Licenses Utility Inter-
` Fiscal and Franchise Governmental
Year Taxes Permits Fees Revenue
1978 $ 4,8123081 $ 75,855 $1500243 $10581,310
1979 50360,427 1040281 181,114 114779079
r 1980
61049,491 96,226 196,429 1,751$80 r-
1 1981 69992,999 820494 232,990 10258,829 j
r. i
1982 7,895,579 960943 330,694 985,40d
1983 898199953 2139490 367,937 1,036,903
1984 109405,911 303,725 4180680 8260575
1985 11,845,499 356,661 4849171 1,270,019
1986 13,838,013 379,238 377,960 1,791,435
fa 1987 1508651362 2809171 426,319 11123,194 ..J
j
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1} Includes General. Special
Revenue and Debt Service Funds
u.
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Table 2
I
j
Fees for Fines and Interest Miscellaneous
s+ Services Forfeitures Revenue Revenue Total
i S 105,421 $325,247 $ 40,351 $242,653 S 7,333,161
1540689 245,444 48,535 334,641 7,906,210
- ~ - 163,616 224,853 151,948 298,531 8,912,879
207,385 247,140 165,635 216,508 9,403,980
186,716 397,510 153,435 365,067 10,411,349
I
j 245,808 561,214 1100189 469,270 11,824,764
494,212 616,826 1920196 6429452 13,900,577
ri
1,168,673 715,044 330,026 272,088 16,442,181 °
.A
100500070 659,194 2459555 836,803 19,178,268
r _ c
1,128,764 780,748 347,415 918,656 20,870,629
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-103-
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V
CITY OF DENTCN, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Percent Delinquent s
Fiscal Total '
,.crren+, Tax of Levy lax ,
1 Year Tax Levy Collections Collection Collections
1978 $3,3649F06 $3,130,697 93.04% $ 43,978
jj 1979 3,582,433 31369,564 94,05 820999 ;
r ,7R; 1980 3,780,389 3,5410461 93.67 113,939 E f
1981 4,3599541 4,062,043 93.17 107,472
1982 41930,971 48746,613 96.26 1379078
' J'
1983 50376,210 50122,101 95.27 148,747
1984 5,995,965 (1) 50786,881 96.51 166,763
`r
1985 69808,814 (1) 60625,734 97.31 1679360
1986 805160906 (1) 80164,114 95.86 228,806 w
1987 101801,306 (1) 10,4749516 96.97 303,649
(1) Denton County Appraisal District
-104-
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Table 3
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Total Outstanding
Collections Delinquent y
F';! as a Percent Outstanding Tars as a
Total Tax of Current Delinquent Percent of *t
Collections Levy Taxes Current Levy
4t 11
$3,174,675 94,35% S 4979345 14.78%
3,452,563 96.37 421,221 11.93
30655,400 96.69 504,633 13.35
4,1699515 95,64 585,185 13.43
49883,691 99.04 723,596 14.67
35,270,1348 98.04 1,0650234 19.81
5,953,644 99.29 1,269,189 21.17
I
6, 793,C94 99.77 1,3590577 19.97
r
6 ~r 81392,920 98.54 11019,080 11.97
g _ 10,778,165 99.79 1,0421749 9.65 '
.
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-105-
,
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4 F
! CITY OF DENTON, TEXAS _
j ASSESSED AND ESTIFV,TEO ACTUAL VALUE OF
TAXABLE PROPERTY
LAST TEN FISCAL YEARS ^
a
Real Property Personal Property 1
;.....e
Fiscal Assessed Estimated Assessed Estimated
f Year Value Actual Value Value Actual Value
V 1978 $ 213,135,760 S 3559226,266 $ 58,2039469 $ 97,005,781
1979 221,300,472 368,834,120 679602,230 112,670,383
1980 2299022,620 381,704,366 750921,060 126,535,100
1981 2460205,248 4109342,080 910743,693 1529906,154
1982 45007329259 450,732,259 212,7040829 2120104,829
1983 (1) 831,397,479 831,3970479 2181549,070 218,549,010
1984 (1) 901,334,506 901,334,506 226,252,045 226,2520045
1985 (1) 9190943,A24 919,9430824 2341092,434 234,0920434
1985 (1) 111760422,567 1,176,422,567 267,120,891 267,120,891
1987 (1) 1,521,636,234 1,521,636,234 298,827,706 298,8270706
I
(1) Oenton County Appraisal District
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-106-
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7
Table 4
I
2 S ~ A
i IJ ---Total...--------- TotalaAssessed
w
Assessed Estimated to
Value Total Estimated
Actual Value Actual
2719339,229 $ 452,2329047
3 60~ ~ ;'nr+3s`R ! 288,9020702 481,504,503 60
f ,
3049943,680 508,239,466 60
337,948,941 563,248,235 60
" 5. 663,437,088 663,437,088 100
1,049,946,549 1,049,946,549
100
a~
R v. e
1,127,586,551 111279586,551 100
7) 1,154,036,258 1,154,036,258 100
1,443,543,458 194430543,458 100
1,820,4630940 1,820,463,940 100
{ 71
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-107-
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Table 5
I _
CITY OF DENTON, TEXAS
' PROPERTY TAX RATES AND TAX LEVIES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS i,
TAX RATES (Per $100 of Assessed Valuation)
Fiscal School
Year City District Count State Total
1978 1.78 1.57 .6700 .10 4.12
r
1979 1.24 1.57 .6700 .10 3.58
1980 1.24 1.68 .6700 ,00 3.59
1981 1.29 1.25 .7700 .00 3.31
1952 0.774 1.22 .2370 .00 2.23 t
1983 0.510 0.73 .1665 .00 1.41 r-, I
1984 0.560 0.81 .2120 .00 1.58
1985 0.590 0.88 .2116 .00 1.68 f
1986 0.590 0.85 .1750 .00 1,62
1987 0.590 0.79 .2308 .00 1.61
The tax rate decreased in fiscal year 1982 pursuant to an increase in assessed
valuation from 60% to 100% of estimated actual value of all taxable property.
i
t
' TAX LEVIES
Fiscal School
F Year City District County State Total
1978 $3,364,606 $ 5,381,253 $ 298449058 $4240486 $12,020,403
I 1979 3,582,433 59994,871 394619592 516,655 13,555,551
1980 3,780,389 71497,867 31985,872 - 15,2649128
` Y 1981 4,3590541 8,323,653 5,463,606 _ 18,146,800
1982 4,930,971 817369514 69846,688 209514,173
r 1983 5,376,210 8,8479258 90012,748 23,236,216 `
( 1984 51996,965 9,936,768 9,117,685 - 25,050,418
x 1985 6,808,814 11,833,437 1011929925 - 28,835,176
1986 8,516,906 14,2900080 10,209,064 - 33,0161050
'r 1987 100801,306 16,6199325 1911600581 - 46,5811212 -
-108-
I
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Table 6
I
y 7
CITY OF OENTON, TEXAS
f SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
1
Total
Outstanding
UA Current Current Ratio of current and
Fiscal Assessment Assessments Collections Oelinqient
s Year Due Collectec to Amount Due Assessments
iti r
1978 S - S
X216, 504
k~; 1979 - - - 1799834
~1 r 1,1 )h of ~ Y Srr a i,
iW 1980 - -
157,247
c 1981 - - - 1459389
1982 -
137,899 1983 - - -
rm~ 1 137,399
F,I•~ 1984 549,992 307,005 55,8 3750249
1985 - - - 2769944
1986 - - -
279,229
1967 _
`279,229
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/ I
CITY OF DENTON, TEXAS
RATIO OF NET GENERAL BONDED DEBT
"i TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
' M
` r
Fiscal Assessed Value Gross
Year Population (in thousands) Bonded Debt r
1978 $5195DO $ 136,541 $12,0240000
1919 53,900 271,334 11,533,934
j 1980 489063 288,903 15,2159101
1981 49,800 304,944 15,364,488
1982 51,550 6630437 (1) 14,2470000
1983 529000 1,049,947 160817,500
1984 539600 (2) 1,1270587 15,552,750
a ,
1985 60,000 1,154,036 24,280,000
1986 63,100 (2) 10437,483 230726,130
0 1987 63,100 (3) 1,820,464 27,966,730
1
r 3 11) Assessed value increased due to an increase in assessed valuation from 60%
j to 100% of estimated actual value of taxable property
(2) North Texas Council of Governments
(3) City of Denton Planning Department
ry'i
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-110-
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Table 7
i
1
Less Ratio of Net Net
Debt Bonded Debt Bonded
Service Net To Assessed Debt Per I
Funds Bonded Debt Value Capita i
' 'a S 1679517 $119856,483 9.54 $248
1
4,868 119529,066 8.44 224
r7p 1~W 18,062 1591910039 5.60 282
f~ •
23,030
~15,3410458 5.31 319
a 30,831 141216,169 2.14 285?
340049 169783,451 1.59 323
~ l I r r
+ 91,265 15,4619485 1.37 288
I
605,541 23,674,459 2,05 395
x 1,247,326 22,4791404 1.55 356
i
73 { 1,695,340 261271,590 1.44 416
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j Table 8
CITY OF DENTON, TEXAS
COMPUTATION OF LEGAL DEBT MARGIN
+ SEPTEMBER 30, 1987
I
r r I j
a Net Assessed Value 51,8201463,940 ^
r' Plus Exempt Property Total 24895740016+
• Total Assessed Value $2,069,0370956
y ;J~1b .I ■aimmaam ■mmmm■ F '
Debt Limit - No debt limit is mandated
by law but the City does recognize
;t six percent as an economic limitation $ 12491421277
Amount of debt applicable to debt limit-
Total general obligation bonded debt ;26,3660730
Certificates of obligation 11600,000 27,966,730
Less- Amount in debt service fund available r
for payment of principal 106950340
Total Amount of Debt Applicable
#'a to Debt Limit 261271,390
Legal Debt Margin f 940480,207
~ `w, ra■ru■a■raua
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Table 9
CITY OF DENTON, TEXAS
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
SEPTEMBER 301 1987
r ~ 1
Percentage Amount
Net Debt Applicable to the Applicable to I
" Jurisdiction Outstanding City of Denton (1) City of Denton
i
j
,~k,a!a ia. • ~ ~ City of Denton $26,271,390 100.0% $26,2710390
+ f 'l~ yr f i - '
Denton Independent , 4 22,641,315
,r ^ School District 26,175,000 86,5
10, 12,7609128 21.9 2,7949468
'a Denton County
$51,707,233
°t~~~s;,r7 11 ~ ~ zmazzmerzzz
j Total
(1} The "Percentage Applicable to the City of Denton" is based on the
{rw relative assessed values within the City of Denton,
" la~ 'IJ 1
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-113-
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Table 10
C
E
CITY OF DENTON, TEXAS .
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR
GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES (1)
LAST TEN FISCAL YEARS
Ratio of _
Debt Service
Fiscal Total Debt Total Expenditures
Year Principal Interest Service Expenditures (percent)
1978 $ 6580342 S 599,088 :1,257,430 $ 91018,245 13.94%
> 1979 818,833 5639226 1,3821059 9,649,855 14.32
xA. 1980 845,613 898,092 10743,705 12,354,705 14.11 j
1981 1,1170488 759,235 11876,723 1312239974 14.19
1982 11123,150 759,236 1,882,986 14,5949749 12.90
1983 1,047,750 6980811 10746,561 1408899992 11.72
1984 1,2640750 1,128,108 21392,858 170439,520 13.72
1985 10417,385 10002,143 21419,528 20,782,017 11.64
1986 135,438 210708 157,146 20,661,081 0.76
^ 1987 860,000 20803,923 30663,923 25,1780485 14.55
(1) Includes General, Special Revenue and Debt Service
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CITY OF DENT-01L TEXAS
REVENUE BOND DEBT SERVICE ERAGE
LAST TEN FISCAL EARS
P
i '
Direct Net Revenue r 1
eratin Available for
Fiscal Operating Op
Year Revenue Expenses { 11 Debt S___ _ ervice
1978 $229512,120 $15,571,99E S 6,940,124
1
utility System ;
1979 229875,745 15,8660971 7,008,774 {
4 1980 25,716,2x: 20,634,620 4,918,411.
5,582,966 l
1981 30,667,318 25,084,412
1982 37,568,915 30,729,685 60839,230
1983 41,3760356 3302369669 8,139,687
1984 55,6399035 39,165,633 159813,402
r '
15,437,051
1985 67,5410640 520104,589 _ h
1986 73,507,978 58,9111014 140596,9u4
1 1987 73,1200971 59,829,407 13,2910564 -
(1) Excluding Depreciation.
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Table 11
u 1 " ~~w Y r r'7
1 r
Debt Service Requirements
Principal Interest Total _ Coverage
vp a
$1,399,000 $1,1230069 $2,522,069 2.75
1,033,417 19561,258 2,594,675 2.70
w+ 1,239,324 1,5569515 2,795,899 1.76
5r 1,314,603 19531,755 2,846,258 1.96
1,298,459 1,542,153 2,840,612 2.41 I
1,540,000 1,073,531 2,613,531 3.11
2,0601000 29336,712 4,396,712 3.61
w 1,7350000 31900,606 5,635j606 2,74
21045,000 3,880,181 5,925,181 2.46
210206000 394629539 5,4821539 2.42
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CITY OF DENTON, TEXAS
s
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
M 4 LAST TEN FISCAL YEARS
` Commercial Construction (1)
Fiscal Property Value Number
y x#I Year (in thousands) of Units Value
1978 $ 4529232 127 513,7026533
1979 4819505 166 42$73,707 t^ i r
1980 508,239 290 18,429,869 1
1n81 563,248 202 279573,759
1.:
1982 663,437 210 110846,452 ;4
,i 1983 1,049,946 221 740777,113 - i
1984 181271587 291 819264,078
1985 19154,036 545 88,768,181
1986 10443,543 450 419452,104
1987 1,820,464 227 46,6191495
p R.
i^t (1) City of Denton Community Services Department Estimate sr.
(2) City of Denton Chamber of Commerce Estimate
a. " -118-
.
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Table 12
:d
l - Residential Construction (1)
r
r Number Bank (2)
Oeposits
} of
"VO Units Value Sin thousands)
574 $18,621,741 $198,905
2819829139 207,085
1,106
460 1790240635 2289813
77, 12,963,987 254,567
s 342
683 26,214,973 289,979
233 26,386,660 3689005
564 49,273,898 385,000 f
49,945,194 475,179
618
j ♦ 673 54,9721728 561,819
S T l:3
457 33,417,130 4570504
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Table 13
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7CITY OF DENTON, TEXAS
If PRINCIPAL TAXPAYERS
SEPTEMBER 30, 1987
E
` Percentage
a ' 1987 of Total
(1) Assessed Assessed r;
Name of Taxpayer Kind of Property Valuation Valuation 111
7 Tetra Pak Packaging Mfg. $46,740,022 2.3%
Paccar, Inc. (Peterbilt) Diesel Trucks 44,365,460 2.2
General Telephone Telephone Utility 37,865,491 1,9
Andrew Corp. Electronic Equipment i
Manufacturer 21,125,147 1.0 !
35E/288 J/V etal Developer 18,3109684 0.9 i
{ r Victor Equipment Welding Equipment
Company 18,176,920 0.9
Lifemark Hospitals/ Hospital and
AMI North Texas Professional Bldg. 17,6059537 0.8
Acme Brick Brick Mfg. 1400586044 0.7
Golden Triangle Mall Shopping Mall 141048,305 0.7
Denton Center J/Y Shopping Center 131853,184 0.6
$246,148,794 12.0%
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(1) Denton County Appraisal District
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CITY OF DENTON, TEXAS -
1
SCHEDULE OF INSURANCE IN FORCE
I SEPTEMBER 31L_1111
k
The City of Denton is self-insured for the first 550,000 of each property loss
and =100,000 of each third party (liability) and workers' compensation loss.
The aggregate amount of third party (liability) losses self-insured is `•I
Losses the or j vve00a0re covered byovariousoinsurance companl sgincluding ion levels mentioned
abo
it
Expiration r
Policy No.
Premium Date
;x, Insurance Company -
1. Lloyds of London $225,000 1SL3126 d 1SL3127 09-30 87
a. Appalachian Insurance 22,694 G8233 09-30-87
i
b. International Surplus Lines 1629000 531-000030-6 -
2. Arkwrtght Boston 799651 390388 12-31-87
,
4 3,998 GLA 185938
3. Western World Insurance 01-30.88
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4. Aetna Casualty and Surety 689700 IBFP1264415 04-02-88
' S. Hartford insurance 432 46SR233010 01-15-88
Co. 11458 42PN-763-915-7670 09-02-87
6Industrial Ins.
Life a
-89
1-01
LSC 44046 0
7. Lawyer's Surety Co. 133
12-31-8-
8. Midwest Employers Casualty Co. 39,880 SO-008-TX
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Table 14
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Amount or
r~ Coverage Limit
7 : 1, General Liability ;1,000,000
Auto Liability 1,0000000
Auto Physical
Police Professional 11000,000
Public Officials 2500000
Workmen's Compensation 250,000
10,000,000
Commercial Blanket Band
50,000
f ell Money and Securities (within premises) 50,000
z. Money and Securities (outside premises) 50,000 i
2. General boiler and machinery 10,000,000
3, Ambulance - Professional Liability 500,000
4, Fire and Extended Coverage Per Policy
S. Police Reserve - Group Accident, sick, and life 5,000
y'1
l b. Recreation Program 100000
l 7, Diesel Fuel Bond $0,000
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CITY OF DENT011, TEXAS
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS r
fiscal Per Capita Median
Year Population Income (4) Age (1)
1978 510500 7,008 24.7
1.,
1979 530963 79247 24.8
1980 48,063 7,300 (1) 24.9
a • it a
r. 1981 49,800 7,390 (1) 25.1
1982 51,350 7,500 (1) 25,3 (1983 52,000 7,800 (1) 25.5
1984 53,600 (5) 81040 (1) 25,8
1^85 60,000 (1) 8,615 (1) 29.2 j
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1986 63,100 (5) 99746 (1) 27.4
1987 63,100 (6) 9,750 (1) 27.6
xd
(i) Planning and Community Development Department's Estimate
(2) Denton Independent School District
1. (3) Texas Employment Commission
(4) Other Sources Include Census and Commerce Department
,y (5) North Texas Council of Governments
(6) City of Denton Planning Department
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Education
Level In {
Years of School Unemployment
k 1, 1 1
Schooling (11 Enrollment 12) Rate 131
14.8
A i
8,000 3.8%
{t 15.0 8035 3.4
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15.3 8,241 3.4
15.5 8,200 4.3
15.8 81365 5.8
r' 15.8 8,481 6.8
15.8 8,914 3.6
15.8 90518 7.5
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15.8 90919 8.2
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15.8 9899
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Table 16
CITY OF DENTON, TEXAS y,
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 300 1987 r'
Form of Government Council-Manager
Area 60.7 square miles
I Date of Incorporation September 260 1866
I ` Miles of Streets 299 mites
Number of Street Lights 40286
Fire Protection:
Number of stations 4
Number of firemen and officers t
(exclusive of volunteer firemen) 97 i i
` Police Protection:
a K Number of stations 1
Number of policemen and officers 103
Municipal Electric Department:
f.". Number of consumers 26,751
Electric production 731,377,000 KWH/year
- Average Monthly Consumption 510350,637 KWH
Miles of electric ling 336 miles
Municipal Water Department:
Number of consumers 16,319 p
M. Water production 3,882,553,000 gallons/year
Average Monthly Consumption 323,644,420 gallons
i a miles of water main 300 miles +
t Sewers:
r Sanitary sewers 275 miles +
Wastewater Discharge 3,504,000,000 gallons/year
Building Permits Issued 684
^ Rezreation and Culture:
Number of parks 14 with 600 acres
y' Number of libraries I F
Number of volumes 950000 (approx.) ;
Employees: f
{ Exempt 130
;
Nonexempt 726
' Total 856
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