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CITY OF DENTON
~I COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the fiscal year ended September 30, 1989
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Prepared by the
J CITY OF DENTON, TEXAS f
FINANCE DEPARTMENT
CITY MANAGER
^ Lloyd V. Harrell
J
EXECUTIVE DIRECTOR OF FINANCE
` John F. McGrane i
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TABLE OF CONTENTS
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Page_
k INTRODUCTORY SECTION:
Transmittal letter......, i
Certificate of Achievement. ix
' 0rg an flza ti on Chart..........I.I...1 x - `
f list of Officials xi
FIRM CIAL SECTION:
1 Auditors Report 1 !
General Purpose Financial Statements-
Combined Balance Sheet - All Fund Types and Account Groups.. 4 a a 0 a 4 2
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - All Governmental Fund Types and Expendable Trust Funds........ 8
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
E Budget and Actual - General, Special Revenue and Debt Service
Funds.................................................................... 10
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings - All Proprietary Fund Types.................................... 12
Combined Statement of Changes in Financial Position - All Proprietary
Fund Types 14
Notes to Financial Statements... 17
Combining and Individual Fund Financial Statements-and Schedules-
Combining Balance Sheet ;,All Special Revenue Funds 46
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - All Special Revenue Funds 52
Combining Balance Sheet - All Capital Projects Funds. .
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - All Capital Projects Funds..... 54
Combining Balance Sheet - All Enterprise furdsT 58
Combining Statement of Revenues, Expenses and Changes in Retained
Earnings - All Enterprise Funds............ 62
Combining Statement of Changes in Financial Position - All
'
Enterprise Funds 64 i
Schedule of Revenues, Expenses and Changes in Retained ` j
Earnings - Budget and Actual - All Enterprise Funds 66
Combining Balance Sheet - Utility System.... 68
Combining Schedule of Revenues, Expenses and Changes 72
In Retained Earnings - Utility System.....
Combining Balance Sheet - All Internal Service Funds 76 !
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings - All Internal Service Funds 78 i
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Combining Statement of Changes in Financial Position - All
I internal Service Funds..,.,, 80
Schedule of Revenues, Expenses and Changes in Retained
Earnings - Budget and Actual - Working Capital Fund 82
Combining Balance Sheet - All Trust and Agency Funds 84
Statement of Changes in Assets and Liabilities - All Agency Funds.......... 86 j
Supplemental Financial Information-
General Fund - Schedule of Expenditures - Budget and Actual............... 90
STA41STICAL SECTION (UNAUDITED):
Table
- 1 General Government Expenditures by Function Last Ten Fiscal Years..... 102 1
2 General Revenues by Source Last Ten Fiscal Years ..............i...l.., 104
3 Property Tax Levies and Collections Lest Ten Fiscal Years.... 106
4 Assessed and Estimated Actual Value of Taxable Property 108
Last Ten Fiscal Yer}
5 Property Tax Rates and Tax Levies - All Overlapping Governments
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Last en Fiscal Years ...1 ............1 110
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6 Special Assessment Collections Last Ten Fiscal Years
7 Ratio of Net General Bonded Debt to Assessed Value and Net
Bonded Debt Per Capita Last Ten Fiscal Years 112 s
8 Computation of Legal Debt Margin.......... 114
0 RatlotofiAnnual DDebt verlapping " " ' 115
1
Bonded Debt to Total General Expenditures Last Ten Fiscal Years,.... 116
I1 Revenue Bond Debt Service Coverage -Last Ten Fiscal Years 118
12 Property Ya1ue, Construction and Bank Deposits - Last Ten Fiscal Years... 120
13 Principal Taxpayers 123
14 Schedule of Insurance in Forces ...1 ................................1..... 124
15 Demographic Statistics - Last Ten Fiscal Years 126
16 Miscellaneous Statistical Data.. 128
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wry of 09WON / m F. McKinney / Denton, Texas 16201
January 5, 1990 ;
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t T0; The Honorable Mayor, Members of City Council and Citizens of the City of
Denton i
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Submitted herewith is a copy of the comprehensive annual financial report
of the City of Denton for the fiscal year ended September 30, 1989. The
3 responsibility for both the accuracy of the presented information and the
i completeness and fairness of the presentation of the data including all
disclosures rests with the City. To the best of our knowledge and belief the
i enclosed data are accurate in all material respects and are reported in a
1 manner designed to present fairly the end results of operations of the various
funds and ucount groups of the City. All disclosures necest2ry to enable the
reader to lain an understanding of the City's financial activities have been
Included. 4-e comprehensive annual financial report is presented in three
r sections; int,hductory, financial and statistical. The introductory section
i includes this transmittal letter, the city's organizational chart, and list of.
principal officials. The financial section includes: the general purpose
financial statements, and the combining and individual fund and account group
financial statements and schedules, as well as the Auditors Report on the
ff financial statements and schedules. The statistical section includes selected
financial and demographic information, generally represented on a multi-year
basis.
This report includes all funds and account groups of the City. The City
J provides a full range of services. These services include police and fire
protection; sanitation services; the construction and maintenance of highways,
streets and infra-structure; water and wastewater and electric utilities.
Economic Condition and Outlook
The economic condition and outlook for th. City of Denton continues to
improve. The opening of the new Texas Instruments plant in Northwest Denton
and the expansion of the Peterbilt Motors (Paccar) plant have both played a
large part in bolstering the Denton economy. Over the last two years, the
.J City's tax base has grown by 26% and 13% respectively.
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Transmittal Letter (continued)
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Economic Condition and Outlook (continued)
The economic effect of the new Alliance Airport in Denton and Tarrant
Counties is uncertain, but should provide future economic expansion
opportunities. Alliance is located only 15 miles South of Denton on the
Interstate Highway System on 35W. M. Ray Perryman Consultants, Inc., projects
that the Alliance Airport economic impact should include 9,164 permanent jobs
in the Fort Worth PMSA, and a $702.8 million a year additional local spending
and 234.4 million in earnings,
Major Initiatives
For the Year - Although the future looks promising because of the economic
development activities that are occurring within the City, the preparation of
the budget for fiscal year 1988-89 was a difficult process, The City, after
experiencing tremendous growth years in the early 1980's, was still
experiencing growth but to what extent the growth would continue, was
uncertain. Loss of property tax values in multi-unit residential and small
commercial units were offset by industrial growth gains. Across the state,
f and even in the Dallas/Fort Worth metroplex area, some cities were
ffff experiencing economic difficulties while others were not, In preparing the
budget, the City knew that fiscal year 1988-89 would be one of continuing
challenge. Past growth had placed enormous strains on manpower, equipment and
Infra-structure, The flow of revenues that would accompany growth trends had
( been stagnated by the slowing economic conditions throughout the area.
i Revenue bases that would typically be expanded by annual increases of 1C% to
15% had slowed to 1% to S% and in some cases were actually declining,
especially in the building activity areas. The good news was that it appeared
that this situation would only be a short term condition. With a more
diversified economy, the metroplex "onomy is once again on the upswing.
Announcements by manufacturing firms and other developments mentioned earlier
would add significantly to the employment and revenue bases. Long term
projections for Denton still indicated continued growth and expansion well
beyond the year 2000. The 1988-89 budget challenge was to stay poised and
ready to handle the expansion and not drastically reduce current service
levels. This was a very difficult budgeting process. In all funds, personnel
additions were limited to those positions that were absolutely essential,
those which would pay for themselves through increased revenue collections, or
those which were mandated b outside agencies such as the state. In addition
to the uncertainty of federal, state and local economies, a conservative
approach was taken in budgeting both revenues and expenditures, Despite a
generally conservative stance, the budget continued the service levels which
had come to be expected by the citizens of Denton, and overall the budget was
viewed as a positive plan in light of the local economy.
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The budget, overall, was viewed as a conservative or maintenance budget,
Overall expenditures increases were held to a minimum and, as was stated
earlier, only a handfull of new positions had been proposed. City salary I
adjustments were 4% for all job fanilies except for service maintenance,
executive and temporary/seasonal. The service maintenance job family received
a 6% adjustment, the executive job family received a 3% adjustment, and i
temporary/seasonal received no pay adjustment. j
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Transmittal Letter (continued)
Major Initiatives icontinued)
Since the budget was a maintenance plan for services, no major new
initiatives were undertaken during the fiscal year, However, due to fiscal
responsibility during the fiscal year, and the projections of the economy, the
future looks promising,
For the Future - As indicated earlier, the City has embarked upon an
7 economic development program with the philosophy of attracting industrial
prospects and expanding existing companies, The establishment in 1987-88 of
the Economic Development Office and the development of a utility rate
incentive program will help facilitate future growth. The utilities
department has also established within its capital improvements program, a
$500,000 assistance program in order to aide in the construction of water and
sewer lines for industrial and residential development.
In addition, the Planning Department has developed a main street program, j
which began in the 1988-89 Budget year, The Coordinator will work in I
conjunction with the State (lain Street program in order to redevelop the
If downtown area.
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The Capital Improvements Program has been developed to maintain and expand
the City's infra-structure. The plan calls for expansion of the library, two
additional fire stations, expanded parks and recreational facilities and the
{ building of a new law enforcement center. In addition, the plan also calls
for maintenance and Improvements on existing streets and the development of
future streets within the City of Denton, it also calls for a master drainage
plan and will assist in the development of traffic signalization throughout
the city. tal waterh treatmenteSplant. These oimprovements, aalong with etheiopen ngf of new
Roberts !later Reservoir in the current year, will provide adequate water
supply to the City well beyond the year 2000.
Financial Information
Management of the City is responsible for establishing and maintaining an
internal control structure designed to ensure that the assets of the City are
protected from loss, theft or misuse and to insure that adequate accounting E
data are compiled to allow for the preparation of financial statements in
conformity with generally accepted accounting principles. The internal
?ry control structure is designed to provide reasonable but not absolute assurance
r! that these objectives are met. The concept of reasonable assurance recognizes
that (1) the cost rf the controls should not exceed the benefits likely to be
derived, and, (2) the valuation of cost and benefits require estimates and
judgments by management.
Single Audit
As a recipient of federal and state assistance, the City also is
responsible for insuring that an adequate internal control structure is in
y' place to insure compliance with applicable laws and regulations related both
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Transmittal Letter (continued)
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Single Audit (continued)
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to the state and federal programs. This internal control structure is subject
to periodic evaluation by management and the outside auditors of the City's i
f financial statements. As a part of the City's single audit, tests are made to
determine the adequacy of the internal control structure including that
portion related to the federal financial assistance programs as well as
determine that the City has complied with applicable laws and regulations. ,
The result of the City's single audit of the fiscal year ended September 30,
1989, provided no instances of material weaknesses in the internal control
structure or significant violations of applicable laws and regulations.
Budgeting Controls
In addition, the City maintains budgetary controls. The objective of
these budgetary controls is to insure compliance of legal provisions embodied
in the annual appropriated budget approved by the City Council. Activities of
the General Fund, Special Revenue Funds, Debt Service Fund, and the Enterprise
Funds are included in the annual operating budget. Projected financial plans
are adopted for the Capital Improvement Funds. The level of budgetary control
(that is the level at which expenditures cannot le ally exceed the
appropriated amount) is established by function activity within an individual
fund. The City also maintains an encumbrance accounting system as one
Il technique of accomplishing budgetary controls, and a technique of budgetary
"lock out" which will prevent a transaction from exceeding legally
i appropriated budgetary amounts. SS
As dcsnonstrated by the statements and schedules included in the financial 1
l :;ection of this report, the City continues to meet its responsibility for
sound financial management.
General Governmental Functions
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The following schedule represents a summary of General Fund, Special
Revenue Funds and Debt Service Funds for the fiscal year ended September 30,
1989 and the amount and percentages of increase/(decrease) in relation to
prior year's revenues. The amounts in this schedule are expressed in
thousands of dollars.
Increase of
Percent (Decrease) Increase
Revenues !Mount of Total from 1988 (Decrease)
Taxes $ 10,574 70.12 $1,179 6.78 f
Licenses 8 Permits 223 .84 11 5,19
Franchise Fees 595 2.25 (56) (8.60)
Fines 3 Forfeitures 11233 4.66 88 7.69 f
Fees for Services 19298 4.90 (15) (1,14)
Interest 808 3.05 208 34.67
Inter-Governmental 10682 6.35 1,503 42,66
Miscellaneous 2,073 7.83 10067 106.06 i
TOTAL S 26,486 100.00 $20985
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Transmittal letter (continued)
General Government Functions (continued)
The most significant increase in revenues from a continual source was in
the tax category. The increase is attributable to an increase in property tax
valuation and
appr ximately $80i5gmillionxfromlthe11987 tax yearerandtthevCity collected
approximately $220,000 more in delinquent ad valorem taxes in the current year.
The second largest tax source is sales tax which increased $464,000 from
the prior year. The major portion of the increase was due to the continual
recovery in the local economy. The city receives 1% of the 7% sales tax
collected on sales occurring within the city.
I The miscellaneous category of revenues rose primarily due to 1) a one time
' contribution of $370,000 from special assessments for payment of debt service
and 2) motor pool contribution of $306,000 for payment of debt service for
Contractual Obligations.
The following schedule presents a summary of General Fund, Special Revenue
Funds and 6`ebt Service Funds expenditures for the fiscal year ended September
30, 1989, and the percentage of increase/(decrease) in relation to prior year
amounts. Once again, the amounts stated in this schedule are expressed in
thousands,
Increase % of
Percent (Decrease) Increase
Expendit res Amount of Total from 1988 (Decrease)
Current: ,
General Government $10,842 33,18 $2,374 28.03
Public Safety 99150 28.01 831 9.99
Public Works 4,367 13.37 327 8.09
Parks S Recreation 21398 7.34 92 3.99 j
Capital Outlay 404 1.24 (45) (10.02)
Debt Services:
Principal 3,314 10.14 1,173 54.79
Interest S Fiscal
Charges 21195 6.72 171 8.45
$32,670 100.00 $4,923
The primary reason for the increase in operating expenditures was due to
salary and wage pay for performanci~ increases, and increased health insurance
costs. Gcneral government expenditures included a one-time contribution for
health insurance of $701,000.
The significant increase in debt service expenditures is due to debt
issuance in 1907 and 1988. In December, 1986 voters approved a $21,6 million
Capital Improvement Program that was to be phased over a five year period.
The first of the five annual bond issues of $3,500,000 for General
Obligations Bonds was sold in April of 1987, An additional $1,600,000 of
Certificates of 06119ations were issued during the year. Of this amount,
$500,000 was for airport improvements and $1,100,000 for a city wide radio
communication system.
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Letter of Transmittal (continued)
General Government Functions (continued)
The second of five annual bond issues of $3,600,000 for General Obligations
Bonds was sold in March of 1988. An additional $775,000 of Certificates of
obligations were issued during the year for Motor Pool vehicles.
General Fund Balance
The fund balance of the General Fund increased by 4% in 1989. The increase
in fund balance provides the City with an average of 46 working days of
expenditures. However, $495,891 of the balance is reserved for encumbrances.
In addition, within the undesignated portion of the fund balance, $518,649 of
the balance is designated for subsequent year expenditures.
Enterprise Operations
f i The City's Enterprise Operations consist of a utility system which
j provides for electric, water and wastewater services. Tre Enterprise ry `
Operations also include sanitation services for residential, commercial and I
landfill operations.
In the Water Fund there was an 8.5% rate increase which raised the average {
cost of water from $2,25 to $2.55 per thousand gallons of water, This
increase was due to the cost incurred for the new Ray Roberts Reservoir, for
which construction was finalized during the year. Electric and wastewater
rates experienced no increases for the year.
The $1.95 million Increase in operating expense was primarily due to i
depreciation. Additional cost for salaries and wages was due to health
Insurance increases and salary and wage adjustments.
The Sanitation Fund had no rate increase for residential customers or
landfill use. There was an 18% increase in rates for commercial roll off
customers, and an 8% increase for dumpstsr customers. This increase only
generated $26,000 of additional revenue due to a 6% decrease in volume at the
landfill. Operating expenses for the Sanitation Fund increased by $2490000,
and were due primarily to salary and wage pay for performance costs and
increased repair.q costs for sanitation vehicles.
Debt Administration
At September 30, 1984 the City had a number of Bond issues outstanding.
Mang the issues that were outstanding were General Obligations Bonds totaling
$28,956,730, $53,109,873 in dotes Payable to the Corps of Engineers, $530,000
in Contractual Obligation, $205850000 in Certificates of Obligations and
$41,040,000 of Utility System Revenue Bonds. The Contractual Obligations are ,
used to finance the purchase of equipment on an annual basis over a three year
day back period. The City has maintained on its General Obligation Bonds an
A+" rating from Standard and Poor 's Corporation and a "A 1" rating from E
Moody's Investors Service Inc. Utility Revenue System Bonds have maintained f~ y
an "A" rating from lioodyrs Investors Service, Inc„ and an "A+" rating iron
Standard and Poor's Corporation,
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Letter of Transmittal (continued)
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Debt Administration (continued)
As was mentioned earlier, the City has developed a plan for issuing annual
General Obligation bonds that were approved by the voters in a five year
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apital improvements plan, The Certificate of Obligations are used for short
term
al o anticipatesnIssuing utility financing of
the construction City
a new water plant at the Ray Roberts Water Reservoir,
Cash Management
The City follows an active program of cash management, keeping all
temporarily idle funds in interest bearing accounts, These accounts are in
f the form of NOW accounts, certificates of deposits, U,S. Treasury issues and
Federal government agency instrumentalities. On August 31, 1989 the
annualized yield on investments was 8.72%, compared to 7.14% and 5,82% for the
same period in 1988 and 1987 respectively, Investible funds as of September
' 300 1989 were $56." million, which is an increase from $48,5 million in 1988
and $46,7 millic,, in 1987. Investment maturities have been lengthened from 58 j
days in 1987 to 210 days in 1989. As of September 30, 19890
the City's
1 average yield on investments was 8,58% compared to 6,86% for the same period
in 1988, The City's investment policy is to maximize yield with minimal
amount of risk while maintaining an actively competitive yield on its
eertfolfo. Accordingly, all of the City's deposits are either insured by the
Federal Deposit Insurance Corporation, the Federal Savings and loan Insurance
Corporation, or are collateralized by governmental securities. All collateral 1
on the deposits is held by a third party financial institution's trust
a deportment in the City of Denton's name, Tha Investments of the Deferred
Compensation Fund that the City participates in are held separately from those
of other city funds by an outside trustee appointed by the City, State
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statutes authorize the City to invest in obligations of the U.S, Treasury and
the U.S, agencies, obligations of the State of Texas and related agencies, and
municipal securities of any state rated "A" or above by Standard and Poor's
J Corporation or Moody 's Investors Service, Inc., and repurchase agreements.
I Risk Management
During the the City continued with its risk management program for the
City of Denton. The City, in 1987, contracted to have an actuarial stud to
t project the City's property workers' compensation, and liability costs for a
J five year period. The following schedule represents the projected costs as
done by the actuarial study as, compared to the actual costs that the City
experienced as of September 30, 1989. This schedule, as presented, is
expressed in thousands.
Workers' Program
Property Co_ mpensation Liability cost Transfer
FY 89 Projected $50 $373 42 i
J FY '89 Actual 24 229 $ 4 $1300 $30 !
163 839 35
As part of the comprehensive plan, the City does participate in a self
insurance fund for its property and casualty liability, along with workers'
J compensation benefits and medical coverage for employees, Reserves are being
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Letter of Transmittal (continued)
Risk Management (continued)
accumulated in the fund to meet potential future losses. In addition, the
City's risk manager has initiated various programs in order to try to control
risk and to include training of employees for the prevention of loss,
Independent Audit
The City Charter requires an independent audit of the accounts of the City
by an independent auditor. The accounting firm of Deloitte Haskins A Sells
was selected by the City Council to perform the annual audit. In addition to
meeting the requirements set forth in the City Charter, the audit was also
designed to meet the requirements of the Federal Single Audit Act of 1984 and
related 0146 Circular A-128.
Awards
The Government Finance Officers Association (GFOA) awarded a Certificate
of Achievement for Excellence in Financial Reporting to the City for its
I comprehensive annual financial report for the fiscal year ended September 30,
1988. In order to be awarded the Certificate of Achievement, the City
published an easily readable and efficiently organized comprehensive annual
{ financial report. This report satisfies both generally accepted accounting
principles and applicable legal requirements.
The Certificate of Achievement is held for a period of one year only. We
i believe that our current comprehensive annual financial report continues to n i
meet the Certificate of Achievement requirements and we are submitting it to
the GFOA to determine its eligibility for another certificate. In addition,
the City has also received the GFOA's award for Distinguished Budget F
Presentation for its annual appropriation budget dated July 31, 1988. In
order to qualify for the Distinguished Budget Presentation award, the City's
budget document was judged to be proficient in several categories including
policy documentation, financial planning and organization. The City has
submitted its July 31, 1909 budget to the GFOA to determine its eligibility
for another certificate. We believe that it continues to meet the
Distinguished Budget Presentation Award criteria.
Acknowledgments
We would like to thank the Finance Department staff, the department
directors and division heads for their diligent efforts in the presentation of
the annual financial report. A tremendous amount of time and effort went into
the develop,nent of this report, especially by the Finance Administration
staff. Also, we would like to thank the City Council, It is because of their l
leadership, and support of the City, that helped make the preparation of this
report possible.
sincerely,
John F. McGrane Monte C. Mercer
Executive Director of Finance Controller
012bf
-viii-
Certificate of
Achievement
for Excellence
in Financial
Reporting I
Presented to
City of Denton,
Texas
For its Comprehensive Annual
j Financial Report
for the FI" Year Ended
September 30, 1988
A Certificate of Addevwmt for ExaOmn in FinanNa) `y .
1 Reporting is presented by the Govanmsnt hlnence Offtcas %
Association of the United States and Canada to
owemment ludts and public emplosw tetb wwt
:ystorru whore tornpreFwnslve annual flnanclal
reports (CAMS) ac m the hishest
standards in govannwnt dcto m6v
and 11nsr+cW rtpordny.
President l~
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CITY OF DENTON
f List of Principal Officials
September 30, 1989
III
i Elected Officials
Title Name
Mayor Ray Stephens
Mayor Pro-Tem Hu
1
9h Ayer
Council
member
Jim Alexander
Councilmember Randall Boyd '
" Councilmember
4 Bob Gorton
Councilmember
Jane Hopkins
Councilmember
Linnie McAdams
City Offfclalt
;.z Title Name
City Manager Lloyd Y. Harrell
Deputy City Manager
p Rick Svehla
Executive Director for Finance John F. McGrane `Xp<
Executive Director for Utilities '
R. E. Nelson
Executive Director of Planning and
Community Development
' u Frank Robbins
Executive Director for Municipal
~y Services and Economic Development Betty McKean
City Attorney Debra Orayovitch
p Police Chief Michael Je:
Fire Chief
John L. Cook
W City Secretary Jennifer Palters
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HaskinsAells
801 Cherry Street. Suite 2340
Fort Worth, Texas 76102.6801
„i 18171 3.162531
Metro; 654-2777
1 Cable DEHANDS
INDEPENDENT AUDITORS' REPORT
The Honorable Mayor and Members
jj of the City Council
City of Denton, Texaa$ '
1 We have audited the general purpose financial statements of the City of
'f Deotoa, Texas ('City"), as of and for the year ended September 30, 1989 as I(
jj listed !o the table of contents$ These financial statements and
combining, individual fund and account group financial statements and
schedules. discussed below are the responsibility of the City's
unagement. Our responsibility is to express as opinion on these
financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the general purpose financial
statements are free of material misstatement As. audit includes
examiningp on a test basis, evideace supporting the amounts and E
i disclosures in the general purpose financial statements, An audit also
includes assessing the accounting principles used and significant
estimates made by management, as ws31 as evaluating the overall financial
t- statement presentation, We believe that our audit provides a reasonable
bests for our opinion.
.t
I purpose financial statements referred to above
In our opinion, the general present fairly, in all material respects, the financial position of the
City At September 30, 1989 and the results of its o;+erations and the
changes in financial position of its proprietary fund types for the year
!"1 then ended, in conformity with generally accepted accounting principles,
Our audit also comprehended the combioing, individual fund and account t'
group financial statements and schedules listed in the table of
contents. In our opinion, such supplemental information, when considered
to relation to the general purpose financial statements, presents fairly
in all material tespects the information shown therein.
December 1, 1980
1~f..rttt p~ r s "d+,
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CITY OF DENTON. TEXAS
COMBINED BALANCE SHEET - ALL fUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1989
Governmental Fund Types
I Special Debt Capital
ASSETS General Revenue Service Projects
Cash and deposits (Note 2) 12,050,130 ; 812,037 103,223 = 2,470,067
Ir I ,
Investments (Note 2) 2,511,241 1,295,461 11,809,117
Receivables (net of allowances
for uncollectlbles)-
Taxes 609,774 - -
Accounts - -
1 Unbilled utility service - - - r `
1 Special assessments - 186,753 _
Accrued interest 64,364 643 16,871 302,271
Other 329,557 37,284 - r-
-
Due fro+n other funds (Note 111 64,696 17,071
Due from other governments 140,720 - 27,055
Merchandise inventory, at lower
of cost or market - -
E Deferred bond issuance costs - - - l i'
Restricted assets (Note 4)
-
Cash and deposits (Note 21 -
Investments (Note 2) l.~
Accrued Interest
fixed assets (net, whore r
applicable, of accumulated lL
depreciation) (Note 3)
Amount available in Debt s
5ervioe Fund - r
Amount to be provided for
retirement Of 1000-tam
liabilities
s
Lw P'
Total Assets 15,629,763 11,001,763 $106020314 =14,908,1110
r The accompanying notes to financial statements are an integral part of this statement. i
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FY s we:
uclary Totals
Proprietary Fund Types Fund Types Account Groups (Memorandum Only)
Trust General General
Internal and Fixed Long-Term September 30, September 30, 1J
Enterprise Service Agency Assets Liabilities 1989 1988
$ 4,970,111 = 804,918 $1,739,327 _ - $ $13,149,821 $32,691,623
16,472,710 1,910,343 1,764,439 - - 35,763,374 16,090,000 i
609,774 558,011 ! +
4,$33,415 69,932 - - 4,603,347 4,421,185
5,514,295 - - S,S14,299 3,815,548
- 186,753 188,S18 I
466,046 - 38,43A - 888,626 830,691 I ,
349,546 - 12,226 - 728,615 14216,728
4,009,957 433,000 3,019,083 7,543,813 8,5380763
_ 1fif,TTS 205,238
586,223 1,305,337 p
j 1,.91,560 21638,318
890,647 - • - 890,647 894,792
i
5,870,311 - - 6,810,311 10,791,891
6,130,112 - 6,1300112
84,308 - 84,308
' 141,122,170 2,945,628 - 70,339,728 215,0070526 154,863,861 j
• 11132,060 1,132,060 1,912,926
'"J •30.576.160 30,516,f60 28,193,238
~J i
1191,600,517 ;1,4694158 $6,573,509 170,339,728 $310708,820 1330,740,136 1267,857,339
tgrtltrtau tULtrut Htfr•tf t• gtlrurgt uurrUH• tLrttur Hr ttt rrtlurM
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CITY OF DENTON, TEXAS -
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (CONTINUED)
SEPTEMBER 30, 1969
Governmental Fund Types
LIABILITIES AND FUND EOUITT General Revenue Service Pro2eets ,i
1 Liabilities:
1 Accounts payable and accrued _
( expenses
$1,229,854 $121.342 : - $516,695
Aetaina payable - 3070160
Accrued vacation and
( sick leave (Note 4) - - -
Deposits 65,000
Payable from restricted assets - - !
- '
{ (Note 4)- r
Accrued interest 51,119
Revenue and general obligation )
bonds payable, current -
Out to other funds (Note 111 9,600 85,998 - 5,750
'.1 Deferred revenues 1SI,176 15,269 419,135 42,351 V !
Leases payable (Notes 4 and 5) .
( General obligation bonds f t
payable (Note 4) - E'
n Certificates of obligation
(Note 41 .
Revenue bonds payable (net - - ;
J of bond discount) (Note 4) .
Note payable (Note 4)
rc:
Total Liabilities $1,465,630 8222,609 $470,254 $871,956 tv,
- 1
The accompanying notes to financial statements are in integral part of this stitaatant,
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Proprietary Fund Types Fund Types Account Groups (Memorandum Only)
_
..,r Trust General General -
Internal and Fixed Long-Term September 30, Septamber 30,
Enterorise Service se Semite Agency Assets Liabilities 1989 1988
2,090,713 ; 214,927 $4,354,542 - 8,528,013 ; 9,631,051 if eL
39,989 - - 347,149 347,076
tl
441,094 16,682 - 2,216,232 2,674,008 2,620,333
= 1,005,226 - 1,070,226 70S,094
~ 1,132,260 10183,379 1,201,829
r, 2,553,200 - 23553,200 2,590,560
6,161,049 1,281,416 70543,811 6,538,763
13,121 641,052 594,723
- 92,481 - 7,279 100,266 472,321
1,118,221 • - 21,655,309 26,833,530 27,116,180
i
1,265,000 1,83!; 1<l0 3,11;,000 20350,000 ) r,
1 '
38,410,000
3 36,610,000 40,865,000
` 63,1.09,673
$106 34J46 $2,991.012 l41354,542 {
; =31,108,820 ;148,309,569 X97,541,925
i
(Continued)
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (CONTINUED)
SEPTEMBER 30, 1989
Governmental Fund Types
Special Debt Capital
LIABILITIES AND FUND EQUITY General Revenue Service Project!
Fund Equity (deficit):
Contributed capital-
Frw other municipalities
or govcrn,aental units
In aid of construction
Investment in general fixed
i assets 4
1 Retained earnings- ,
Reserved for bond ratiresint r' {
(Note 4) s l
St~ . Unreserved )
Fund balances. r• i
Reserved for debt service - - 1,132,060 - f
Reserved for encumbrances 495,891 41,659 - 263680782 L
A
Reserved for capital projects - - 119567,832 ,
Unreserved-
Designated for subsequent €
" years' expenditures 518,649 743,493
UndellTotalgnFund Equity u1 (Deficit) 4 3,,174159,593
- .
,133 . 786.164
R b 10132,060 13,936,611 l
Total Liabilities L k r
and Fund Equity 15,629,763 $110071763 $1,6026314 $14,808,510
The accompanying notes to financlal statements are in integral pert of this statiment.
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Fiduciary Totals
_ froprfetary Fund Types Fund Types Account Groups (Kemorandue only)
Trust General General
Internal and Fixed Long-Term September 30, September 30,
Enterprise Service Agency Assets Liabilities 1989 1988 j
$ 14,903,082 13,864,336 1 - - ; 14,787,418 ; 17,929,728 6
21,091,310 - - - - 21,0916310 20,864,686
k - - - 70,339,7cd -
J 70,339,728 64,431,502
8,653,741 - - - 8,653,741 7,240,433
4D,617,632 693,810 - - - 41,311,442 39,490,197
- 1,132,060 1,91:,928 ~
1 - 2,906,132 2,228,147
11,5670832 12,6380426
1,262,144 790,594
- 2.218.967 - 6,378,540 2,888,273
65,265,765 4,376,146 2,218,967 70,339,128 - 182,410,567 1700315,414
n
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$191, AA,511 $70469,158 $6,573,509 $70,339,728 131,708,820 $330,740,136 1267,857,339
gasp ...Ross* aaefeeefae ■efteeaa•e ■aaeaseaeea •eeaaeYeeae eaeftaesefef ueH■aaaefY
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF FEVENUES EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
i
Governmental Fund Types
Secial REVENUES: _General. -••-Revenue- '•--.~'Serv Ito -..•-.Projects• 1
Taxes 114,131,639 1 - 14,442,571 1 -
Licenses and permits 222,)56 -
j- Franchise fees 695,142
f r ~ Fines ines And ind forfeitures 1,232,766
Fees for services 821,039 477,167
! Interest revenue 517,525 18,593 272,162 1,191,481
Inter44overnmental 471,832 16209,613 - 37,665
~ ContrlDutions - {
Miscellaneous 1,396,310 677,140 -184,211 1
Total Revenues 19.389,009 2.382.513 4,714,733 --1,409.363
• 7
II EXPENDITURESf ~I
Current-
General government 9,012,864 1,769,236 k.,
Public safety 9,139,075 11,239 4
Public works 4,367,287 - -
Parks and recreation 1,983,886 414,062 r^
other
CA ttal outlay 341,804 61,729 - 5,720,996
De t service.
Irlneipal retirement ' 3 44 6T
Interest And fiscal charges
64
lr;l~l;e
Total Expenditures 24,9041916 20256,266 5,508,631 5,720,996
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES 150616,907) 126,247 (7930898) (4,311,633) r
OTHER FINANCING SOURCES (USES):
Proceeds of Ion term debt 4,016,000 r
Operating transfers in 611;2 ,13) 42,300
Operating trans ere out 28 668) 14:954.030 39 1791 13 176,954)
T tat 0thi~r Financing
Sources (Uses) S 673 469 346 1.5 13,030 J 961 346
EXCESS OF REVENUES AND OTHER SDURCES
OTHER WWI) EXPENDITURES AND 151,662 473,022 1780,8681 (330,287)
FUND BALANCES (DEFICIT) • October 1 4,016,511 312,132 1,912,928 14,266,901
00 i.
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FUND BALANCES (DEFICIT) . September 30 40111,133 1 7850164 11,132,060 113,936,614 n
fff 0/f Hff f/■fs/f■ff q[UY//!Y ffff//f U[f L. i
The accompanying notes to financial statements are in tntegral part of this 60 4ment,
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Totals
F1ducIary .....(memorandum Only).....
Fund Type ~~1eer Ended
Ex
end ble September 30,SeptefAber 30,
~rus~ 1989 1988
- ;18,514,210 117,394,836
• 222,756 2J1,?Q9
595,142 650,8+9
1,232,766 1,144,911
1.298.206 1,312,662
j 15j 0,480 2,110,247 1,584,569
- 1,715,110 1,429,335
5:251711 5,251=111 2460486
-
2,257,661 1,285,540
6,402,191 ...33, ...297.,.8.. 09 ...27.,475...,217
I •
10,8420100 8,468,435
• 9,150,314 8 8,904
42,33~y6y17~,28~e7 4, 0,4x,69
2,998,660 Af
21998 M
- 6,1240529 5,102,214
{ 3,314,167 2,140,773
2194,464 2,024,010
•2,998,660 ~41,389,4b9 35,186,659
2,403,531 (0,0916660) (79711,342)
?
I 44,0 6$000 S7~~S89 ~
(35,0001 (56478,801) t336T31778896)
135,000) 9,979,620 0,809,801 'r`
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2,368,631 168670960 10098,459
(149,5641 •20,358,968 •19,2606S09
2,218 967 22,246,920 120,3501966
tlfH~Nf Hfffff Yff 11 0111 8 11 6
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i CITY OF DENTON. TEXAS
i
COMINED STATEMENT Of REVENUES, EXPENDITURES AND CHANGES IN FUND
BALANCES - BUDGET AND ACTUAL - GENERAL, SPECIAL REVENUE AND DEBT
SERVICE FUNDS (NOTE IC)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
General Fund
Yarlanee-
f vors6le
Budget Actual (Un~avorab~e)
REVENUES.,
Taxes ~13.aye,391 ;F4,131,639 ; 675,248
Licenses and perxl:a ai,800 222,766 (41,0441
Franchise fees 507,641 59.142 87,601 -
Fines and forfeitures i147,924 1,231,766 (115,1581
Feet for services 109 821,039 (4,0701
Interest revenue 36V,:)0 517,525 167,525
Intergovarnewlntal 440,428 471,832 31,404
! Miscellaneous 1,626,850 1,396,310 1130,540) r 1
fi
Total Revenues 18,728,143 19,389,009 660,866
[XurrentREtt ,
Currl
nt•
I 6eA#rat vernment 9,454,143 9,194,385 269,768
Public sifity 8,972,846 9,172,289 (199,443)
} i Pjblfc works 4,437,919 4,380,769 57,150
parks and recreation 2,047,608 1,999,267 48,341
Ca ita1 outlay 402,399 3660654 45,846
Debt to vice- -
Principal retirement
) InteresTotal Expsndituresas 25,311,916 .26,103,26R
l
EXCESS OF REVENUEl OVER
(UNDER) EXPENGUI ORES (6,586,772) (5,714,265) 872,617
f
OTHER FIrKINO %K11 (USES)t 3y p jr i i
Op riling trintfiri out 6112i;~10 ) 61118;111) 11M,I
t~ tt r
ToSOureiisfUiolfnelnq 5,6776683 6,673,469 (49114)
EXCESS OF REVENUES AND OTHER
SOURCfS OVER UNDERA)
EXPENDITURES ~ND OTHER USES 1909,184) )10,186) 868,403
FUND BALANCES, October 1 216001667 460160671 166161904 i
L
FUND BALANCES, Septomber 30 4 116916478 31976,785 21384,301
au usuan uuaaaaua araoanu■ .,,a,.
The accompanying notes to financial stitmonts are in Integral part of this stitmAt.
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r Fonds,--,..,,,, ..,,,,.......Debt Service
Variance. Variance-
Favorable Favorable
Budget Actual (Unfavorable) _8sdget Actual (Unfavorablel
$4,442,571 $4,442,571 -
E 650,637 431,870 (218,761)
r-^ ( - 1346 1,546 100,000 212,162 1720162
• ^7,227 74221
f 650,631 440,643 (209,994) 4,542,511 112,162
{k4 611,971 412,997. 117,338)
1 3,330
2,930,000 3,314,167 (384 161)
24264,755 2,194,464 60:291
611,921 416,33: 1950436 •5,184,165 61608,631 (323,876)
k,646 24,308 (140336) (642,1841 (793,898) (151,714)
(11,662) 111,6 6) 13,030 13,030
(11,642) 110`8621 800 13,030 13,030
27,004 13,446 (13,558) (642,184) (780,868) (138,684)
n $0,456 50,466 • 11912,928 1,912,926 O
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$ 1T, 160 63,902 (13,8581 $1,210,744 $1, U2,060 (138,6841
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CITY OF DENTON, TEXAS
f _
f COMBINED STATEMENT OF REVENUES, EXPENSES AND CIUNGES IN RETAINED EARNINGS
All PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989 _
Proprietary Fund Types
Internal
Enterprise Service
OPERATING REVENUES;
Electric service 996.395
Later service 8,572,433
war sere ce 1,561,069
Chnerys for goods and services 3,417,775 6,247,525
3,640 38,562
Total Operating Revenues 80,557,512 6,286,087
OPERATING EXPENSES:
Pur1h+sed power 44 2 4
g ,I
Fwl 5 8 1
{f Purchase of water 2'184'927 • :yi'
N rials and iu~~li s '
Salaries and w2pars 2'13'88 2'967~g 1 1
+ nWince an
Depreciation „
Miscellaneous 6,706,38982,1673 }'}86'262
2 272,393 i
Total Operating Expenses 68,829,235 •15S1,f68
Operating Income (loss) ~ 110728,277 328,314
3
140PERATIN6 REVENUES (EXPENSES)t Ir'
merest revenue 2,239,629 224,94
I It rest expense and fiscal charges (4 898,8201 11101612)
he r ;370,365 17,638`
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Total Nonoperating Revenues (Expenses) •12.98;,356) 171533
" 406
Income (toss) before Operating Transfers 8,738,921 460,252 r Kf
OPERATING TRANSFERS (OUT) (5,964,620) {
Net Income (Loss) 2,774,701 /60,2Sz ,
s,
• RETAINED EARNINGS - October 1 46,191,072 233 656
RETAINED EARNINGS • September 30/9,271,773 f 693 810
The aecampenying notes to financial statements are en Integral part of this statement.
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Totals
(Memorandum Only)
w
Year Ended
Se 4...r 30, 1989 September 30, 1988
~I
16663,95596,395 159 469,101
7;561,)69 1;819,902
8,669 ,100 6,120,316 l
4..402 362.479 j
85,643,599 .81.606.692
l FI
44,312,841 45,561 69 {
2,535,134 192,039
184,921 8,385,194
9,619,963 3,737,079
4,141,095 3,024,534
2,766,892 7,158,013
X 69.092 1
9;977,724 3.0
73,781,003 74 181,999
7 426 S93
12,056,596 i
7-1
2 205 431
J 3 371,363
i
-16009;432 (
(167,t6s
31t 721
11,333,300) '(2,651,4231 p, I
96199,173 60093,293
(5,209,8011
16,964,6201
3,434,553 t.3,492
,416
.6.... 38
6,7300630 45
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CITY OF DENTON, TEXAS
COMBINED STATED Kr OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Proprietary Fund Types
Internal
Enterprise Service 1
SOURCES OF WORKING CAPITALI
Operations-
Met retiree (loss) before extraordinary item $ 2,711,301 j 460,252
f Items not requiring working capital-
De rectation 6j j
P 6,982,145 1,166 264
Aabrtlzatton of bond discount and expense 4,1
l
1 Working Capital Provided
by Operations 8.760. 09 1,646,616 i
Increase in long-term debt 53,109,873 755,000
j
CootrIbut ons. ! i
In aid of construction 226,724
Total Sources of Working Capital b2,091,206 -2,401,516 i
I WSj OF WORKING CAPITALI
qufs on of property, plant and equipment 69,487,j6~ ,
Reduction of long-term debt 2,415,550 241,000 r6
Net change to restricted assets and liabilities - I
payable from restrfcted assets 1,300,599
Total Uses of Working Capital 63503512 1,301,009
Net Increase (Decrease) 10 Working Capital
{1,106,106} $1,097,601 L,
.6r668.81Y •utu.u• `,1
ELEMENTS OF NET INCREASE (OECREASE) IN WORKING CAPITALI
Increase (decrease) in current assets-
[nristmenN 117 454 153) $(11032,5¢1) ~
7,301,7to 16910,343
L
Accounts receivable 1 274,046 66102
t;
Inventory 639,295 1107 64
Other current assets 1347,206 (211,904
Increase (Decrease) to Current Assets 02 90 1.0
..--140.3 ..-623.6
iAesu) decrease in current liabilities-
counts payable and other liabilities 461,466 363,333
DDuue to otherth nds (332,602
Oeferred revenue (1,369:741 110,484
Decrease (Increase) to Current Liabilities (1,246,408} ~~~/13,817 G i`
Net Increase (Decrease) in Working Capital $11,106,1061 11,091,507
The Actompanyfng notes to ftnantiat statements ire in integral part of this statement. 1LJ'
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TotalI
(Memorandum Only) I
Year Ended
j 5e•,te•he• 30, 1989 SepienEer 30, 1988
i
1
i f 3,234,553 $ 883,492
7,166,421 7,158,013
f ....4.115 ...35.137
.
10,407,125 . 8,076,642
53,864,873 4,275,000
i 226.724 893.356 11
64,498,722 13,244,998 1
~ . ~ tr 1
i ' 60,$46,172 9.400 638
( 2,660,550 2,478,168
' 16300,699 2,066,907
1 64,507,321 .14,017,733
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II j18,407,340} $(1,209,155) ,
9,218,053 9,165,000
j 113rr39,11y8y)) (3,066+7,251)
669;110i 1(;891) i
2 I
~~989 9 71
183,992 1 . i'
B24,867 B19 647,028)
11,,264 264, 4 ;
981; 37/)
(9,741 (3,3801 (
......11..•
(772,591) 1970192
(86699) 1172,135) i`
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CITY OF DENTON, TEXAS
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 1989
(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Denton C the City") was incorporated September 26,
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
considered in determining governmental activities to be reported within
the City's general purpose financial statements include the degree of
k oversight responsibility exercised by the City Council over the activity
or function; the City's accountability for the entity's fiscal matters;
the scope of public service of the entity and the nature of any special `
financing relationships which may exist between the City and a given
governmental entity,
The accounting policies of the City conform to generally
j accepted accounting principles as applicable to governments, The
following is a summary of the more significant policies,
A. Fund Accounting
The accounts of the City are maintained on the basis of funds
or account groups, each of which is considered a separate accounting
entity. The operations of each fund are summarized by providing a
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 Cityl
J
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,
1
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Notes, City of Denton (Continued)
i September 30, 1989
From the fund are paid the general operating costs, the fixed charges and
the capital improvement costs that are not paid through other funds. J
R Special Revenue Funds- l
{ The Special Revenue Funds are used to account for the proceeds
i of specific revenue sources (other than special assessments, expendable 111
trusts, or major capital projects) that are legally restricted to
expenditures for specified purposes. These funds include the 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 r
f leases in the governmental fund types,
Capital Projects Funds-
The Capital Projects Funds account for the acquisition of 1
capital facilities being financed from bond proceeds, contributed
capital, or transfers from other funds, other than those recorded in the
Enterprise Funds, the Internal Service Funds and the Trust Funds$
Proprietary Fund 7y Des
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
and Sewer
include the Electric,
through user a charges. These
operations,
Y Systems (Utility
' Internal Service Funds- _
The Internal Ser,!ice Funds account for the financing of fi
materials and services provided by one department of the City to other
departments of the City on a cost-reimbursement basis. These funds )
include the Working Capital Fund (vehicle maintenance, warehouse and f~
machine shop) and the motor pool operation.
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Notes, City of Denton (Continued)
September 30, 1989
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) and Agency Funds. The
Expendable Trust Fund is accounted for in essentially the some manner as
Governmental Fund Types. Agency Funds are custodial in nature (assets
equal liabilities) and do not involve measurement of results of
f operations,
j
~ E General Fixed Assets Account Group
k ! The General Fixed Assets Account Group represents a summary of
I the fixed assets of the City, other than assets of the Proprietary +
111 Funds. Capital outlays in funds other than Proprietary Fund Type are
recorded a: expenditures of those funds at the time of purchase and
subsequently recorded for control purposes in the General Fixed Assets
Account Group.
General Long-Term Liabilities Account Grouo
f
The General Long-Term Liabilities Account Group represent3 a
summary of the long-term liabilities of the City paid principally by
1 taxes levied by the City. This account group does not include long-term -
debt accounted for in the Proprietary Fund Type;,
8. Basis of Accounting
The accrual basis--the Proprietary Fund types are accounted for
on a flow or economic resources measurement focus. 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 utilized for these funds.
Modified accrual basis--The Governmental Fund types, Expendable
Trust and gency Fund s are acco~ated for on a flow of financial resources
measurement focus. Accordingly, the modified accrual basis is used for
these 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,
.J interest and intergovernmental revenues. Revenue sources
s ~
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Notes, City of Denton (Continued)
September 30, 1989
from licenses, fines and forfeit+ires, service charges and
I other miscellaneous revenues are recognized as the cash is -
received.
2. Expenditures are recognized when the related fund liability
is incurred, except for interest and principal on general
long-term debt, which are.recorded when due, and vacation
and sick leave, which are recorded when payable from
current available resources.
3. Encumbrance accounting, under which purchase orders,
contracts, and other commitments for the expenditure of
monies are recorded in order to reserve that portion of the
applicable appropriation, is employed as an extension of
formal budgetary integration. Encumbrances outstanding at
year-end are reported as reservations of fund balances
since they do not constitute expenditures or liabilities.
C. Budgets and Budgetary Accounting M
The City Council follows these procedures as prescribed by
j 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
j proposed budget for the fiscal year beginning on the
following Dctober 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 4
passage of an ordinance prior to the beginning of the p
fiscal year. The General Purpose Financial Statements
reflect appropriation control at fund level as approved by
City Council.
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
transfer of unencumbered appropp iation balances or portions
thereof from one function Eo another as well as any
increases in fund appropriations. Individual amendments
were not material in relation to the original
appropriations which were amended.
-20- i
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Votes, City of Denton (Continued)
September 30, 1989
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
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 reveiues and expenditures on the budgetary
basis to revenues and expenditures on the modified accrual basis for
Governmental Fund Types is as follows:
SPECIAL
GENERAL REVENUE
FUND FUNDS
Revenues:
Budgetary basis S 19,389,009 S 440,643
Special Revenue Funds ;
k Unbudgeted:
Community Development
Block Grant - 630,807
E Criminal Justice 111239
Emily I Other Fowler Library - 111,980
{ 1,187,844
....r..r.~.. 3
{ Revenues on modified }
accrual basis 19,389,009 213820513
Ex endi~tur~ess:
Budgetary basis 25,1031264 4162335
a Encumbrances (net) (198,348) 80612
Special Revenue Funds
Unbudgeted:
Community Development
j Block Grant 629,553
II Criminal Justice 119239 I
Emily Fowler Library 107,599
Other .1,083,028
a Expenditures on modified
accrual basis -'24904,916 2,256,266
I
Revenues over (under)
Expenditures on modified
accrual basis $ (59515,907) S 1269247
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Notes, City of Denton (Continued)
September 30, 1989
D. Investments
Investments are carried at cost which approximates market value
except for investments in the deferred compensation plan which are
carried at market value. Interest earned on investments is recorded in
the funds in which the investments are recorded.
E. Unbilled Receivables
j The City accrues amounts for utility services provided in
September, but not billed at September 30.
I
F. Inventories
I
Inventories are valued at cost or the lower of cost or market,
Cost is determined using a moving average method. -
i
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 r
market value at the date of contribution. Depreciation is recorded on L_
f each class of depreciable property utilizing the straight-line method f
over the estimated useful lives of the assets.
E' Estimated useful lives are as follows.,
! Fixed Asset Useful Life i
(Years)
ENTERPRISE FUNDS- i
Electric System
nera assets - Structures SO
- Equipment 5 - 20
Distribution assets - Structures 50
- Equipment 20 - 33
Transmission assets - Equipment 20 - 33
Internal combustion assets - Structures 50
- Equipment 13 - 20
Steam power assets - Structures 50
- Equipment 20 - 35
Water and SewQr System 4
Structures - 50
Water and sewer mains 20 - 33
Equipment 10 - 20
Furniture and fixtures 10
Sanitation 11
Vehicles and equipment 10 ,J
INTERNAL SERVICE FUNDS-
Vehicles and equipment 1 . 10
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7
Notes, City of Denton (Continued)
September 30, 1989
Renewals and betterments of property and equipment are
capitalized, whereas normal repairs and maintenance are charged to
expense as incurred.
General Fixed Assets-
General fixed assets are recorded as expenditures in the
General, Special Revenue or Capital Projects Funds when acquired. Such
assets are capitalized at cost in the General Fixed Assets Account
Groups. Significant gifts or contributions of assets are recorded in the
_ General Fixed Assets Account Group at the fair market value at the date
of acquisition. Public domain (infrastructure) general fixed assets
consisting of streets, curbs, sidewalks, gutters and drainage systems,
are capitalized along with other general fixed assets. No depreciation
is provided on general fixed assets.
N. Property Tax Revenue
Property taxes attach as an enforceable lien on property as of
i January 1. Taxes are levied on October 1 and are due and payable at that
time. All unpaid taxes levied October 1 be.ome delinquent February 1 of
the following year.
j I The City records revenue from current property taxes in the
1 year in which bills are measurable and available. An allowance is
j provided for delinquent taxes not expected to be collected in the future.
J r At September 301 19891 the City had a tax margin of $1.91 per
$100 valuation based upon a maximum ad valorem tax of $2.50 per $100
valuation imposed by Texas Constitutional law. Additional revenues up to
$40,842,694 could be raised per year based on the current year's assessed
value of $2,138,360,945 before the limit is reached.
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
_j leave up to a maximum of 90 days. All other employees are paid only upon G
illness while in the employ of the City.
J
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Notes, City of Denton (Continued)
September 30, 1989
As of September 30, 1989, the liability for accrued vacation
leave and accrued sick leave is approximately $2,674,007. The amounts
applicable to the Enterprise Funds ($441,094) and Internal Service Funds
($16,682) have been recorded in those funds, and the amount applicable to
( other funds ($2,2160232) has been recorded in the General Long-Term
Liabilities Account Group. The amount expected to be paid from current
available financial resources is not significant.
J. "Memorandum Only" Total Columns
1 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 financial position,
results of operations or changes in financial position in conformity with
generally accepted accounting principles. This presentation does not
represent a consolidation. Interfund eliminations have not been made in
the aggregation of this data.
(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
j deferred compensation fund are pooled into common accounts for the
purpose of increasing income through combined investment activities. The
i City's bank deposits (cash and certificates of deposit) at year-end were
j 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
j 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, and repurchase agreements,
At September 30, 1989, the City's investments are insured or
registered or the securities are held by the City or its agent in the
City's name. As of September 30, 1989, the City's investments are as
follows:
Market -
Cost Value
U.S. Treasury Securities $1801190476 $18,1760615
U.S. Agency Securities 23,774,610 23,789,842
$41,894,086 $41,966,457
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Notes, City of Denton (Continued)
September 30, 1989
(3) FIXED ASSETS
General Fixed Assets-
General fixed assets balances and transactions for the year
ended September 30, 1989, are summarized below:
Balance Balance
October 1, September 30,
1988 Additions Deductions 1989
- Land $ 4,7269786 $ - $ - $ 4,726,186
Buildings 8,4360582 20150 - 8,438,732
Streets 370648,946 1,647,810 - 39,2960756
Machinery and equipment
and other improvements 6,285,671 426,876 - 6,712,547
- Construction in progress __7,333,517 5,479,200 (1,647,810) 11,164,907
} Total $64,4310502 S -7,556,036 3(11647510) =70,339,728
{ rssxsrassa sasssaaaaarr sss ra uaur rsaa.asa...
Investment in General
Fixed Assets-
From bond issues $44,055,019 S 7,127,010 $(1,647,810) S49,534,219
1 From current revenue 1,052,867 429,026 - 7,481,893
-51,147,886 7,556,036 (1,647,810) 57,0160112
From contributions 13,323,616 - 13,323,616
r» ..........L r..........
Total $64,431,502 $ 7,556,036 $(11641,810) 570,339,728
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y Notes, City of Denton (Continued)
September 0, 1989
i
General Fixed Assets by function and activity for the fiscal year ended September 30,
1989 are summarized as follows:
Mach./Equip.
Total Land Buildings Streets Improvements 1
TOTAL PRIOR TO OCTOBER 1, 1986 ;53,241,504 $4,594,452 $8,390,132 ;34,7921284 $5,554,636
` 111
I( GENERAL GOVERNMENT:
Parks 119,213 11,719 24,883 - 82,611
Parks Grant 48,001 42,026 - - 5,975
Legal 41,768 - - - 41,768
I Municipal Court 6,962 6,962
ersonnel 9,599 9,5
CMOMSED 13,4CO - 13,400
Building Maintenance 7,895 - 2,1 ,50 - 5,74S -
Library 313,568 - 2,658 - 310,910 1
Nord Processing 22,543 - 1,122 - 21,421 I
Data Pro !ssing 95,998 - 2,903 - 92,195
Planning/CO 134,721 73,201 2,034 59,418
Operations Analysis 220 - - - 220
TOTAL GENERAL GOVERNMENT 812_988 --126,946 -.--35_750 -.-650,292
PUBLIC WORKS:
II Traffic Engineering 33,663 - - 33,663
Emergency Management 14,150 14,150
CEnggiineering 25,259 - 25,6259
if Pub7icnWerkt Administration 1j,p2j _ - - 171,p2597
Streets 4,611,664 4,335 11,590 4,594,412 61,261 r
Airport Bond 3,796 - - 31796
Airport - 1,YS1
- 158,072
TOTAL PUBLIC WORKS 43768,469 4,335 11,890 4,594,472
FINANCE:
Finance Administration 12,902 - - 12,902
Customer Service 22,567 - - - 22,867 I
Purchasing 1,3119 - - - 1,319
ti tti countlnf 6,5187 - - 6,578
tax rt Clerks 19,147 - 19,192
Cou
Offensive Driving 931 931
- - }
FINANCE 64,233 - - - 64.,233
PUBLIC SAFETY: l
Fire Administration 5,452 - 5Fire Operations 107,184 - 1,260 - 105:111
Fire Prevention 4,979 1,053 - 7,90 '
Emergency Medical 17,807 3921
- - 1 ,
Fire 1,323 - - 1,323 f
Polite Administration 14,681 - - - 14,681
Criminal Investigation 10,501 - - 1J~501
Police Operations 514578 5 - 678
Patrol Division 68,122 - - - 68,122
TOTAL PUBLIC SAFETY ••-287,627 •••-•1,Q53 1,260 •-285,314
CONSTRUCTION IN PROGRESS -11,164,907 i
TOTAL 70,339,728 $4,726,786 $8,438,732 $39,296,756 16,712,517 r~
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Note t, City of Denton (Continved)
Sept:6r 30, ,989
Changes In general fixed assets by function and activity for the fiscal year ended
September 30, 1989 are sumarited as follows:
General General
F1fg901/88ts Additions Deductions FIX Assets
TOTAL PRIOR TO OCTOBER 1, 1986 ;53/,241,504 : - ; $53,241,504
GENERAL GOVERNMENT: •3-
1 Parks 100,285 18,928 149 007
Parks Grant 45,847 2,154
~lunitipa# Court 26 962 15,899 41,768
ersonnel 1;818 7,781 - 9599 962
C%M D 1 13, 4DO
Sul d'ng Maintenance 3;595 4,300 - 7'895
Library 182,271 131.297 -
Nord rocessing 15 285 7258 _ 313,56833
Data Processing 50175 44923 9S,09>3
Planning/CD 88126 46595 134,721
Operations Analysis ~.220 220
- •-•_812,988
TOTAL GENERAL GOVERNMENT -533 132 279,856
1
°-i PUBLIC WORKS:
ETTraffic Enggineering 8 561 25 102 - 33,663
EnelneeiinManagement 4;998 9,179 - 14,150
bodf Enforement 21 649 25,259
ub is Works dminfstration 1,0 i
6259
Streets 3,023864 1,647;810 4,671664
1 Airrppoort Bond 3,796 3.196
•1.251 - . 11251
J
TOTAL PUBLIC WORKS
' • 3,082,400 1,686,069 4,768 469
FINANCE:
Finance Administration 1337 11,565 - 12 902
Customer Service 13:152 9 415 '
Purchasing 22,361
kehier ng 1,000 .319 1'17078g7
Court Clarks 18,223 6 909 - 19;1
Defensive Driving 931 9932
31
TOTAL FINANCE
36,447 ' 28,786 - 64,233
PUBLIC SAFTY.
fin AEditlnistratlon
1 842 610 5,452
Fire Operations 73;691 33;693 107,184
Fire Prevention 4:979 - - 4,979
o rgency Medical 17.807 - 111,83073
] f
Fire
Po ice Administration 1,3733 23 14,691
Criminal Investigation 2,765 11136 6 1
Police Operations 51,518 17.1%
-j Patrol Division 61,591 6 531 66,122
f TOTAL PUBLIC SAFETY •••.82.125 1
205 502 , - 287,621
CONSTRUCTION IN PROGRESS
J -10333.61T 5,419,200 (1,647,810) 11,164,907
TOTA'.
6/,431,502 ;1,556,036 (11,641,810) e70,339,128
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t September 30. 1989
Y
Construction to progress is composed of the following:
Project Expended to
Appropriation Septenber 30, 1989 Committed
511acrt Improvements ; 2751 30;601010 = 238;005 = 1835)
ortBeast Park Northeast Recreation Center 1,300,000 2,000 1,298.000
Radio BMeg 1.100 000 1,096,193 3.607
267,300 68,598 98702
,300)
Animal Control 1,200,000 1,272,300 112
Recreation Center , n}etic Field 850 750, 000 844 0
000 238,342 511,658
Library i or Center 425,000 19,336 405,6~6y4y
I Fire Sttaatippeeonnt 50000,000000 193-461 6000000
Lew Enforcement 200,000 200'000
Street and Brldpe - 4 946
Carroll Blvd. Project 240,Gd0 235,052 ,
i Drainage Projects 179 000 1P' 435 74,165 _
MiyAway 380 Projects 585: 000 431,503 133,139r,7g
Re lee Projects 1,340,466 1,338,107 2.476
Repave Projects 1,165,387 999,711 165,
Teasley Projects 40 000 32,414 7,526
Evers Park 113,740 4.413 109,327
Pry 489 898 495;3 (69,580)
Hercules
Hercules 795,021 421,883 373,18
Lo u& 1,155,313 557,466 597,
Pershing 79,020 el ,643 12,623)
Stuart 177,553 142,294 3(5,259
Welch 53,694 56,892 9dj:523)
t 958p1,p6~1 ~,05544~r,r, 44
3ooodrowkBridge 250000 2441;578 7'4
venue A 210,028 31,563 178,465
EE 314,516 - 314,516
ilripturc 347,907 12,266 335,651 r
ISO 000 35,398 414,602
Acme Avenue 61,302 5,436 65,866
Audra Acute Lane Street 61,244 14,906 4996 m
i 62 960
Bonnie Brae 1,599&4 9g,38, , 0 ~ r
Burning Tree SY 1137
3,000 103,498 9 $02 L '
Burning Tree SY 525,000 5250192 1192)
r67
Davis sYSw time
Street 50,000 4,233 15
Davis 250,000 59.733 2 ,99445
15,5,000 21,100 Willowe 51 n 25,000 W3,300
,884
Dring 337,000 000 32 24,116
l
lone ,544 225,456 ;
one Sprain 250,
Master Drainage Plan - 5,075 15,075)
Drain Study 425,000 48,100 376.990000
Avenue E 40,000 3.674 136
Traffic Sys SQ 125,000 y25,000 r-
Sidewalks 125,000 .
433-006-0050 533,000 28 900 505, L
Misc. Parks 463 2,SOO 1,71+ 766
121,550,528 $11,164,907 16,385,621
I ~
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Motes, City of Denton (Continued)
Septe*er. 1989
Enterprise and Internal Service Funds-
Fixed assets of these funds are as follows.
September 30
Utility Syste*- 1989 179858
La and rand rights j 5~~359~477 j I'250;0{
Elter storage rights ~y 0 t
ectric plant and equipment 64,146,203 65,979,926
Water plant and equipment 37,333,659 36,571,683
Serer plant and equipment 37,542,976 35,958,737
.
Less- Allowance for depreciation 199,312 140,555,84)
(60,1179 79,31312 6) (54,334,325)
k 139,093,236 86,216,522
- Construction In progress _ 1,046,153 195746
140,139,384 j 66,412,268
{ rr uta rR Urr urrrrw urr
Sanitation-
Land and land u3
,772
vehicles and equipment j 1,984,132 772 j 1,984 380,254
less- Allowance or depreciation 394, ;796:123) (560,x25)
1,582,781 f 1,804,901
Internal Service. o,rururrr utrrutrrw
Yahfcles and other assets j
less 11,961,679 j 10,403,491
- All owaxe for depreciation (9,016,051) (8,188,301)
s!k ~~~2,91i,628 f 2,215 196
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Notes, City of Denton (Continued)
September 30, 1989
(4) LONG-TERM LIABILITIES
Long-term liabilities transactions for the year ended September
300 1989, are summarized as follows:
BALANCE AT BALANCE AT
OCTOBER 1, SEPTEMBER 30,
1988 ISSUED RETIRED 1989
General Long-Term Liabilities
I General Obligation bonds $25,995,624 S 3,615,000 a General Obligation bonds - S 1,955,315 S 27,655,309
special assessment
E obligation 419ai35 - 419,135 r
Certificates of Obligation 1,575,000 400,000 145,000 1,830,000 i.
Obligations under capital
leases 17,332 10,053 7,279 -
Compensated absences 2,099,075 117,157 - 2,216,232
Total general long-term
liabilities 30,106,166 4,132,157 2,529,503 31,708,820 !
l f
{
Proprietary Fund Types L
Utility System revenue
bonds 43,290,000 - 292509000 41,040,000 C
General Obligation bonds
(pledged by sanitation
revenues) 114660971 - 1650550 1,301,421
Contractual Obligation 775,000 - 2459000 530,000
Certificates of Obligation - 755,000 755,000
Obligations under capital
leases 454,995 - 362,008 92,987
Compensated absences 4309258 27,518 - 4519776
Note payable - 530109,873 - 53,109,873
i
Total proprietary fund types -46.417.224 539892,391 310220558 - 97,287,051 L
-
Total long-term liabilities $76,5230390 $58,0240548 $ 5,552,061 51289995,877 j
!Rtlzaztzlz •gzz!!!!z!f ■zltzli!!0! zzlgq!!!a!!i
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Notes, City of Denton (Continued)
September 30, 1989
General Bonded Debt.
General bonded debt at September 30, 19891 is comprised of the
- following:
AMOUNT
BONDED INTEREST ISSUE FINAL ORIGINAL OUTSTANDING AT
DEBT RATE (96) DATE MATURITY OFSISSUE SEPTEMBER 30,
General Obligation 5.70 to 8.30 1985 2004 $23t726,730
19`
Refunding 518,5910730
General Obligation 6,40 to 9.40 7987 2007 3,500,000
General Obligation 6,50 to 9.50 1988 2008 3,150,000
General Obligation 6.50 to 9.50 3,600 000
~ 1989 2009 30615,000 3,615,OOp
Total General Obligation Bonds
_ 28,956,730
Cert. of Obligati o.; 6,00 to 9.00 1987 2001
Cert. 0 Obligation 6.00 to 8.75 1987 1997 7,100,000 450,000
Cont. Obligation 5.38 to 6.30 1988 1991 980,000
Cert. of Obligation 6.60 to 9.60 1489 1599 7750000 530,000
j 701556000 1,155,000
_ Total Other General Bonded Debt
3,115,000
Total General Bonded Debt
532,071,730
' - ssscasasaaa
Proceeds of general bonded debt are restricted to the t,:esfor i
which they were approved in the bond elections. The City Charter eznre w
prohibits the use of bond proceeds to fund operating expenses. The genera'
J obligations are collateralized by the full faith and credit of the City
J and, primarily, payable from property taxes.
_ In 1985, the City defeased all general obligation bonds by
placing the proceeds of new bonds in an irrevocable trust to provide for
i all future debt service payments F account assets and liabilisfornthee deold feaseddbonds c are inotyIncludeduIn
7 the City's financial statements. On September 30, 1989s $19,220,000 of
a bonds considered defeased are still outstanding.
Revenue Bonds-
Revenue bond debt at September 30, 1989, is comprised of the
following issues:
AMOUNT
REVENUE INTEREST ISSUE FINAL ORIGINAL OUTSTANDING AT
BONDS RATE DATE MATURITY OFiISSUE SEPTEMBER 30,
~ Utility System 4,75 to 9.625 1983 - 1.89 r
Utility System 8.00 to 11.00 1484 2007 $25,280,000 $14,855,J00
Utility System 8.00 to 11.00 1984 200 2090000000 4 900 D00
1 Utility System 5,25 to 7,00 1987 2004 4 1,000,000 300,004
Refunding 2009 1714859000 17,485,000
Utility System 6.75 to 9.75 1988
2007 36500.000 3,500,000
_ 56722650000 $410040,000
-31.
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Notes,
City of Denton (Continued)
September X, 1989
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, 19840
_
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.
I 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
r contains provisions which, among other items, restrict the issuance of
additional revenue bonds unless the special funds noted above contain the
I! 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 ordinance as of
September 30, 1989:
1 r-1
Interest and Sinking Fund S 6,013,172
i Reserve Fund 3,506,000 i
Emergency Fund 2509000
Extension and Improvement Fund 2,316,219
512,085,391
■rreueeree 1_.
I 1If Assets in these accounts consists of cash and U.S. government `
securities. Related liabilities and retained earnings are as follows:
Payable from restricted assets-
Accrued interest t 1,120,725
Revenue bonds payable, current 2,430,000
Retained earnings reserved for bond retirement 8,534,666
512,085,391
ereseesasr■
In prior years, the City defeased revenue bonds by placing the
proceeds of new bonds in an irrevocable trust to provide for all future
debt service payments on the old bonds. Accordingly, the trust account
assets and liabilities for the defeased bonds are not included in the
City's financial statements. On September 30, 1984, $39,545,000 of bonds
considered defeased are still outstanding.
In addition, the City has established a reserve fund to pay for
General Obligation bonds pledged by Sanitation revenues of $119,075.
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Notes, City of Denton (Continued)
September 30, 1989
Note Payable-
In 1980 the City and the City of Dallas contracted with the
Corp of Engineers for the construction and development of Ray Roberts
Reservoir in Denton County. In contracts with the Corp of Engineers, the
City will pay for twenty-six (26%) per cent of the estimated water
storage rights of the reservoir. Water obtained from the Reservoir will
be pro rata on the basis of each city's proportional share of total
construction cost. The closing of the dam was completed in 1987 with
water being available from the Reservoir in 1989. The City's estimated
total cost of water storage rights at September 30, 1989, was
=53,109,873. Of this amount the City's estimated cost for present demand
} is $2706119134. The amount allocated to the storage for present demand
shall ba paid in fifty (50) consecutive annual installments, the first of
which was due and payable within thirty (30) d s after the City was
r ! notified by the contracting officar that the protect was completed and
f ! operational for water supply purpc;(:s. Annual installments are due and
payable in October.
7
j The project investment cost allocated for the remaining portion of
the storage space provided in Ray Roberts Reservoir for future use is
currently estimated at $25,492,739 on the basis of cost presented, and
the basis of cost at September 30, 1989. 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 tke date the project
{ '1 is operational for water supply purposes unless all or a portion of such
a storage is used for purposes of withdrawal of water from or transfer of
k water into Ray Roberts Reservoir during this period. When any portion of
r the storage for future water supply is used, the amount of the project
investment cost allocated thereto, plus interest applicable to such
portion as provided, will be due and payable on the date of the first use
of such portion. The said amount due shall be paid within the life of
the project and not to exceed fifty (50) consecutive annual payments.
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.
KI
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Notes, City of Denton (Continued)
( September 30, 1989
Aggregate maturities of the long-term debt (principal and
interest) for the years subsequent to September 30, 1989, are as follows:
BONDS
i -
FISCAL GENERAL NOTES CAPITAL
YEAR OBLIGATIONS REVENUE PAYABLE LEASES TOTAL
1990 S 5,2249735 S 56691,456 $ 2,0590140 =104,546 $ 131079,877
1991 59036,960 5,9269681 2,059,14n - 13,022,781
1992 495586350 5,280,963 2,059,141 - 11,498,453
1993 401300180 50074,913 290599140 - 110264,233
k( 4 1994 3,9910433 4,8!'038 2,059,140 - 10,856,611
1995-1999 17,087,964 20,145,983 12,196,446 - 49,431,393
2000-2004 9,048,208 129603,329 19,799,425 _ 41,450,962
2005-2009 2,804,750 8,993,564 1907992425 31,597,719
2010.2014 - 9520200 19,799,425 - 20,7519625
2015-2046 - - 1129143,943 - 112,143,943
Total principal ,.d
I
and interest 51,882,580 69,476,121 19400340364 104,546 315,4979617
Less applicable
interest (19,810,850) (28,436,127) (140,924,491) (4,280) (189,175,748)
1
Total principal $32,071.730 $41.040,000 $ 53 109 873 $100,266 5126 321 869
( ■mmasmmmmza :azssaaazsa raar~mmmuam aaa•:aea aasasaaaaama
r~
i Bonds Authorized and Unissued-
General obligations bonds authorized but unissued as of 3
September 30, 1989, amounted to S1O,922,000. When issued, the proceeds
will be allocated to the applicable Capital Projects Funds.
(5) LEASES
Leases payable represent the remaining principal amounts
payable user lease purchase agreements for the acquisition of vehicles,
copier a
i q pment, computer hardware and other equipment. These leases
are recorded as capital leases. The vehicles, copier equipment and the
landfill vehicles are recorded in the Proprietary Fund Types, and the I t
computer hardware and other equipment are recorded in the General Fixed
Assets and General Long-Term Liabilities Account Groups. Remaining j
requirements, including interest, under these leases are as follows:
I I
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Notes, city of Denton (Continued)
_ September 30, 1989
General i
Year Proprietary Long-Term
Fund Types Liabilities
1990 $ 96,774 S 7,772
Less- Interest portion (30787) (443) +
Net Present Value -
S 929987 $ 79279
zzzaz::zzs zszazszz
(6) PENSION PLANS
{ Texas Municipal Retirement Plan:
Plan Description- l
~ I
The City
provides pension benefits for all of its full-time
employees (except fire fighters) through a nontraditional, joint
7 contributory, defined contribution plan in the state-wide Texas Municipal
Retirement System (TMRS), one of over 500 administered by TMRS, an agent
i ( multiple-employer public employee retirement system. It is the opinion
of the TMRS management that the plans in TMRS are substantially defined
contribution plans, but they have elected to provide additional voluntary
i disclosure to help foster a better understanding of some of the
E nontraditional characteristics of the plan.
Benefits depend upon the sum of the employee's contributions to
the plan, with interest, and the city-financed monetary credits, with
interest. At the date the plan began, the city granted monetary
for service rendered before the plan began of a theoretical amount equal
to two times what would have been contributed by the employee, with
interest, prior to establishment of the plan. Monetary credits for
service since the plan began are a percent (200%) of the employee's
annuallyiean another contributions. type ot monetary addition, the
ecit ferred can
tora as a an often
updated
~I service credit which is a theoretical amount which, when added to the
- employee's accumulated contributions and the monetary credits for service
since the plan began, would be the total monetary credits and employee
contributions accumulated with interest if the current employee
contribution rate and city matching percent had always been in existence
and if the employees salary had always been the average of his salary in
the last three years. At retirement the benefit is calculated as if the
sum of the employee's accumulated contributions with interest and the
employer-financed monetary credits with interest were used to purchase an
annuity.
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Notes, City of Denton (Continued)
September 30, 1989
Members can retire at ages 60 and above with 10 or more years
of service or at ages 50-59 with 25 or more years of service or with 28
years of service regardless of age. The plan also provides death and
disability benefits. A member is vested after ten years, but he must
leave his accumulated contributions in the plan. If a member withdraws
1 his own money, he is not entitled to the employer-financed monetary
j credits, even if he was vested. The plan provisions are adopted by the
f governing body of the city, within the options available in the state
statutes governing TMRS and within the actuarial constraints also in the
statutes.
Contributions-
The contribution rate for the employees is 5%, and the city
matching percent is currently 200%, both as adopted by the governing body
of the city. Under the state law governing WS, the city contribution
rate is annually determined by the actuary. Part of the city
contribution rate (the normal cost) is to fund the currently accruing
monetary credits, with the other part (the prier service contribution
rate) calculated as the level percent of payroll needed to amortize the
unfunded actuarial liability over the remainder of the plan's 25-year
amortization period. When the city periodically adopts updated service
credits and increases in annuities in effect, the increased unfunded
actuarial liability is to be amortized over a new 25-year period.
Currently, the unfunded actuarial liability is being amortized over the
25-year period which began January, 1989. The unit credit actuarial cost
method is used for determining the city contribution rate. Contributions L
are made monthly by both the employees and the city. Since the city
f needs to know its contribution rate in advance to budget for it, there is
a one-year lag between the actuarial valuation that is the basis for the
rate and the calendar year when the rate goes into effect.
The city's total payroll in fiscal year 1989 was $21,510,472
and the city's contributions were based on a payroll of $18,148,919.
Both the city and the covered employees made the required contributions,
amounting to $968,006 (4.99% of covered tayroli for the months in
calendar year 1988 and 5.46% for the months in calendar year 1989) for
the city and $907,953 (5%) for the employees. The city adopted changes
in the plan since the previous actuarial valuation, which had the effect
of increasing the city s contribution rate for 1989 by 0.47% of payroll.
There were no related-party transactions.
Funding Status and Progress-
Even though the substance of the city's plan is not to provide
a defined benefit in some form, some additional voluntary disclosure is „
appropriate due to the nontraditional nature of the defined contribution
plan which had an initial unfunded pension benefit obligation due to the
monetary credits granted by the city for services rendered before the
plan began and which can have additions to the unfunded pension benefit
obligation through the periodic adoption of increases in benefit credits b4
and benefits. Statement No. 5 of the Governmental Accounting Standards
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Notes, City of Denton (Continued)
_ September 30, 1909
Board (GASB 5) defines pension benefit obligation as a standardized
disclosure measure of the actuarial present value of pension benefits,
adjusted for the effects of projected salary increases, estimated to be
payable in the future as a result of employee service to date. The
measure is intended to help users assess the funding status of public
employee tension plans, assess progress made in accumulating sufficient
assets to pay benefits when due, and make comparisons among public r
employee pension plans.
The pension benefit obligation shown below is similar in nature
to the standardized disclosure measure required by GASB 5 for defined
7 benefit plans except that there is no need to project salary increases
since the benefit credits earned for service to date are not dependent
upon future salaries. The calculations were made as part of the annual I
i actuarial valuation as of December 31, 1988. Because of the money-
purchase nature of the plan, the interest rate assumption, currently 8,5%
E
per year, does not have as much impact on the results as it does for a
defined benefit plan. Market value of assets is not determined for each
city's plan, but the market value of assets for TMRS as a whole was
103.6% of book value as of December 31, 1988.
I
Pension Benefit Obligation
i
Annuitants currently receiving benefits S 104871768
Terminated employees 690,469
I; Current employees
Accumulated employee contributions including
allocated invested earnings 612821638
Employer-financed vested Employer -financed nonvested 6,159,804
2,018,378
TOTAL 16-639 047
Net Assets Available for Benefits, at Book Value 149146,08
7
Unfunded Pension Benefit Obligation $ 20492,967
SEES
The book value of assets is amortized cost for bonds and
original cost for short-term securities and stocks. The actuarial
assumptions used to compute the actuarially determined city contribution
rate are the same as those used to compute the pension benefit
obligation. The numbers above reflect changes in actuarial assumptions
since the previous actuarial valuation, which had the effect of
decreasing the pension benefit obligation by 520038,655. Because of the
one-year lag between the actuarial valuation date and the calendar year
when the newly calculated rate goes into effect, the new actuarial
assumptions will first affect the the 1990 contribution rate for the
city. The numbers above also reflect the adoption of changes in the plan ' (I
since the previous actuarial valuation, which had the effect of
. increasing the pension benefit obligation by $21315,719. '
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Notes
Septembert30,f1989ton (Continued)
1
1
Trend Information - -
Trend information for the tisee asafollows. Davailable 1987assets 1we988re
a +,i 19891 respectively,
sui'ficient to fund 82.3 percent, 85.2 percent, and 85.0 percent of
the pension benefit obligation. The unfunded pension benefit
obligation represented 13.7 percent, 12.2 perce0.t foand 13.7,percenta of
the annual payroll for employees cov-~ed by t 19880
1989, respectively. Presenting the unfunded pension benefit
obligation as a percentage of annual covered payrctl approximately
years nended nDecfor ember x31,1 1987,p1988, and
a ditionfofor the effects
ad
1989, the government's contributions to the system, all made in
j i accordance with actuarially determined requirements, were 5.40
percent, 5.33 percent and 5.33 percent, respectively, of annual r
r' covered payroll. Trend information prior to 1987 is not available. I
Fireman's Relief and Retirement Plan:
i
The City provides pension benefits for all Civil Service The emplB and of
the Fire Department througgh a defined, contribution plan.
Trustees of the Denton Fireman's Reief and Retirement Fund 1s the
administrator for the pension plan. The Pension plan is not considered a
In a defined contribution plan,
part of the City of Denton entity.
t, benefits depend solely on amounts contributed to the plan plus investment
ployment. employees employee becomes fully covestea member d afteras20 year ti
! earnings.
of em of
i
credited service. City contributions for, and interest forfeited by,
employees who leave employment before vesting are redistributed to plan `Y
participants.
i The City's total Fire Department portion of payroll in fiscal year r
1989 was $2,899,587. Both the City and the covered employees made the
each source or $460,470 in td 8% for 19891, amounting to
required cfrom ontribution
$239,
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Notes, City of Denton (Continued)
September 30, 1989
i
(7) DEFERRED COMPENSATION PLAN
The City offers its employees a deferred compensation plan
created in accordance with Internal Revenue Code Section 457. The plan
available to 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
! mode 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
r general creditors. Participants' rights under the plan are equal to
i 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 equivalents) in the deferred compensation plan
are recorded at market value. t}
It is the opinion of the City's legal counsel that the City has I
no liability for losses under the plan but does have the duty of due care
that would be requir:i of an ordinary prudent investor. The management
I of the City believes that it is unlikely that it will use the assets to
satisfy the claims of general creditors at this time, i
(8) SE.F-INSURANCE PLAN
' The City has established a self-insurance plan for the property
and casualty liability along with workers' compensation benefits and
medical coverage for employees. Claims exceeding a limit for any one
{ accident or occurrence are covered through an insurance carrier. The
City also has insurance coverage that takes effect when aggregate claims
for the year exceed a pre-determined level. Accrued claims payable
include provisions for claims reported and claims incurred but not
a reported, The provisions for reported claims is determined by estimating
tNe amount which will ultimately be paid each claimant. The provision
for claims incurred but not yet reported is estimated based on the City's
experience.
The costs associated with the self-insurance plan are reported
f as interfund transactions. Accordingly, they are treated as operating
1i revenues of the Expendable Trust Fund and operating expenditures
(expenses) of the other funds.
I -39-
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Notes, City of Denton (Continued)
September 30, 1989
a
(9) COR4ITMENTS AND CONTINGENCIES
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 concurrent ordinances of the Cities and is governed by a Board
of 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, upon its pro rata share of
the energy delivered to consumers in the prior ope ating year.
I As of September 301 1989, total TMPA debt outstanding was
approximately :1,504,400,0006 and the City's guaranteed percentage is
approximately 22%. In the opinion of management, the possibility of a
h payment under this guarantee is remote in that TMPA is
generating operating profits and assets exceed liabilities.
f TMPA operates a 390 megawatt lignite-fueled generating
I plant. Should TIIPA be dissolved, each City would be entitled to an
undivided interest in the property.
Selected financial statement information of TMPA is as
follows: -
September 30,
1989 9(Unaudited) - 1908
(000's) (000's)
OPERATING REVENUES $ 176,359 $ 191,314
OPERATING EXPENSES 104,117 1010203
OPERATING INCOME 72,242 900111
OTHER NONOPERATING SOURCES (USES) (53,195) (599349)
CURRENT ASSETS 856098 55,244
TOTAL ASSETS 1,615,112 10788,322 w
LONG-T£Rii DEBT 11491,102 1,7081605
TOTAL LIABILITIES 1,583,539 1,762,243T
TOTAL EQUITY 31,573 26,079 s
F
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} Notes, City of Denton (Continued)
September 30, 1989
. , I
Flow Memorial Hospital-
The City of Dent 1
. y on transferred its right, title and interest,
if any, in and to Flow Memorial Hospital to the Flow Regional Medical
Center, Inc., a Texas non-profit corporation, on December 4, 1987.
Under the Transfer and Security Agreement the City had no oversight
a responsibility of the non-profit board. Flow Regional Medical Center,
Inc., ceased accepting patients on SepWnber 16, 1988, and filed for
protectior> under the U.S. Bankruptcy Laws Chapter 11 on Sep'xnber 22,
f 1988. The amount of liability, if any, for the City of Dentuio pursuant
to the Transfer and Security Agreement has not been determined at this
i time. The amount at risk, if any, is not expected to be a material
LJ amount with regards to the City's financial position. Flow Regional
Medical Center, Inc. was purchased b, Epic Health Care Systems in July,
III _I 1989.
Agreement with Lone Star Gas Company-
}
During 1983, the City entered into a natural gas sales
{ contract with Lone Star Gas Company which provided for natural
through December 31, 1988 to be used as fuel for the City's electric
generating facilities. The contract which expired at December 31, 1988
has been under negotiation during 1989 and is expected to be completed
by December 1989.
3 Agreement with City of Dallas-
During 1905, 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.
Litigation-
Various claims and lawsuits are pending against the City, In
tte opinion of City mjiiagement 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, 1989.
►J
-41-
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1 Notes, City of Denton (Continued)
September 30, 1989
(10) SEGMENT INFORMATION FOR ENTERPRISE FUNDS `
Segment information for the year ended September 30, 1989, was
as follows:
Utility Sanitation
System Fund _ Total
OPERATING REVENUES $77,365,137 13,192,375 580,557,512
DEPRECIATION 5,746,164 235,999 5,982,163
OPERATING INCOME 11,371,650 356,627 11,728,277
OPERATING TRANSFERS OUT 5,7251102 239,518 51964,620
j NET INCOME 2,7530632 200669 297740301 i.
CURRENT CAPITAL CONTRIBUTIONS: r.
r In aid of construction 226,724 - 226,724
ACCOUNTS RECEIVABLE:
Accounts receivable, gross 90659,695 - 906590695 I
Allowance for uncollectibles 521262280 _ 50126,280
( Accounts receivable, net 4,533,415 4,533,415
PROPERTY, PLANT AND EQUIP14ENT
ADDITIONS 590473,285 13,878 590487,163
TOTAL ASSETS 1890769,588 1,8300923 191,600,611 I
r
NET WORKING CAPITAL (DEFICIT) 27,630,545 (479,434) 28,109,979
BONDS PAYABLE 419040,000 10301,421 42,3410421
NOTES PAYABLE 53,109,873 - 53,109,"73
TOTAL EQUITY (DEFICIT) 85,4750374 (209,609) 85,265,765
k
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-42-
Notes, City of Denton (Continued)
September 30, 1989
(11) INDIVIDUAL FUND DISCLOSURES
Individual fund disclosures as of and for the year ended
September 30, 1989, are as follows:
Deficit
Fund
Balances/
Retained Interfund Fund Receivables IPayables narniyj
General Fund S 64,696 f 92600 s _
Special Revenue Funds:
Community Development
Block Grant
17,077 79,037
EE Recreation _
E 7 Criminal Justice - 6,961 -
Emily Fowler Library
Other
Debt Service
Capital Project Funds:
{ Airport Improvement
Street Inprovemerts
General Projects
Bond Program
Other Capital Protects -
5,750
Enterprise Funds:
J Utility System 4,009,600 5,571,018
.J Sanitation 357 590,031 (2090609)
Internal Service Funds: f
Working Capital 61,244 102719125 (47,048)
I~ Motor Pool 371,756 10,291
Trust and Agency Funds:
Expendable Trust 91943
Agency -Payroll 3,0090140 i
Total 5.7,543,813 = 7,543,813 {
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- CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30L_1989
SUiaiARY OF SPECIAL REVENUE FUNDS
{ Community Development Block Grant (CDBG) - to account for the operations of
projects utilizing ommun ty eveFopment Block Grant Funds. Such revenues
are restricted to expenditures for specified projects by the Department of
Housing and Urban Development,
Recreation - to account for the revenues and expenditures for the recreation
programs which are self-supporting. All expenditures will be reimbursed
account Various business operations, such as concessions, fall into this
f Criminal Justice - to account for revenue received from the State of Texas
r m na us Re Division.
Emily Fajler Library - to account for fines, donations, memorials and gifts
tote ibh L rary that are restricted to the Public Library.
All Other - to account for miscellaneous special revenue sources which
ire -required to finance specific act i
ivities.
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CITY OF DENTON, TERAS
COMBINING BALANCE SHEET - ALL SPECIAL REVENUE FUNDS
SEPTEMBER 30, 1989
Community
Development Criminal
ASSETS Block Grant Recreation Justice
Cash and deposits 96,409
Receivables (net of allowance for uocoltecttbles):
Accrued Interest - 65
Other 1,096 ,
k Due from other funds 17,077 -
Due from other governments 94,092 • ...7.
Total Assets 1129
;
•
118,266 $ 96,474 7,129
v■■■64■ .4.64869 ■6464■e■
LIABILITIES AND FUND BALANCES
E' Liabilities: L;
Accounts payable and accrued expenses ; 24,661 ; 20,207 ; 168
Due to ether funds 79,037 6,961 f
j Deferred revenues 7,096 f
Total Liabilities
j 110,694 20,207 7029
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h* Fund Batancest
1 Reserved for encumbrances 893 21,487 r
1 j Unreserved- I ,
Designated for subsequent years' LL~~
expenditures 6,618 $4,780
Total Fund Balances 1,671 76 261 u
Total Liabilities and Fund Balances $118,265 ; 96,414 $ 7,129
£ 4,J '
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Totals
Year Ended
Emily -
Fowler All Septeeder 30, September 30,
Libr+ry Other 1909 1988
$20,353 $695,2)5 $ 812,03) $385,652
i
_ S18 643
- - 30,190 37,286 10,802
- 17,071 $2,152
3,993 35,106 140,720 1)1,173
t , :24,346 $161,549 $1,00),163 1619,179
'-.aueeeee amalgams ■.eeeee•e•
1 ; 9,462 $ 66,944 121,342 $122,902
• • 85,998 163,601
' 26 8,147 16,269 1 114
I 9,180 15,091 222,609 301,64)
_j 13,885 5.394 41,659 40,18)
913 601,064 743,495 271,945
14,858 686,458 185,154 3126132 I
124,346 $161,649 $1,007,163 1619,719
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CITY OF DENTON, TEXAS _
COMSINiNG STATEMENT CF REVENUCS, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1949
Community
Development Criminal 1
Block grant Recreation Justice
Revenuea t
Inter gave rnmental $616,403 = $ 11,239
Fees for services - 431,870
Interest revenue 1,546
Miscellaneous 14.404 7,227
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total Revenues
.
630,807 440,643 11,239 j
Expenditures:
'
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Current.
General government 629,553 !r
Public safety 11,239 tr
Parks and recreation - 414,062
Capital outlay 16,785
Total Expenditures 619,553 124,841 11,239
Excess of Revenues Over r
` (Under) Expenditures --•1,254 15,796 _
Other Financing Sources (Uses)t tll
Operating Transfers in 954
Operating transfers Out -
' (ii,816) i
1
i
Total War Financing
Sources (Uses) (10,662)
Excess of Revenues and Other 1
Sources Over (Under) 5
Expenditures and Other Uses 16254 4,934
Fund Balances October 1 6,3}7 71,333
j
Fund balances • September 30 $ 7,571 ;-7
6,26T
1
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Totals
71
Year Ended
Emily
Fowler September 30, September 30,
_J Library All Other 1989 1988
j E 66,867 ; 615,104 $1,209,613 $ 760,214
4S,113 184 471,167 522,064
- 17,047 18,693 8,988
- 665,509 671,140 139,907
a I
111,980 1,181,844 2,382,513 1,431,233 f
!
i
$6,655 1,083,028 1,769,236 726,983
- 114,062 476739
Y60,94 61.729 160:,111
,1 ' 14),694. 1,083,028 ...2,266,266 1,439,913 ~
j_ 4,341 101,816 126,247 (81660)
• 395,000 385,954 130,000
• (21,363) (39,11➢) 742,8871 ^t
• 3516637 346,775 670113
4,361 462,4$3 473,022 78,433
J 10,477 224,005 3120132 2P,699
14,668 = 686,458 ; 785,154 j 312,132 j
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" CITY OF DENTON. TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
SUMMARY OF CAPITAL PROJECTS FUNDS
Airport Improvement Grant Fund - to account for FAA Grant in aid for runway
f extens on an a rport eve opment.
General Projects Fund - to account for investing nonrecurring funds in capital
AT-ant expansion cr improvements, extraordinary maintenance projects,
facility construction or other large nonrecurring projects, funded by
I operating revenues.
Street Im rovement Fund - to account for repairs and rehabilitation of city 1
streets Fu-nn e y grants and bond proceeds.
Williams Square Fund - to account for paving downtown parking lot to provide
parking lot n central business district funded by bond proceeds,
Construction Projects Fund - to account for major rehabilitation and construe- I
„J n OT `IFUT I t'i er'unded by bond funds.
Other - to account for miscellaneous capital revenues and expenditures. yy
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CITY OF DENTON, TEKAS
I COMBINING BALANCE SHEET - ALL CAPITAL PROJECTS FUNDS
SEPTEMBER 30, 1989
Airport
I Improvement General Street Williams
ASSETS Grant Projects Improvement Square
s
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- ~
Cash and deposits } 55,611 ~ 59,054 =1,335,839 $51.826
a 6.459.045
-
Investments
Receivables (net of allowance
for uncollectlbles):
E Accrued interest - 98,896 91 j~
Due from other funds -
- -
~
Due from other governments, 21,305
4 Total Assets $ 776116 $ 59,056 $6,893,180 $610911
•1918118 @9fffans 022089lff4 81@4890
!r r
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued expenses 6,931 468,635 E~E
I
> Retaina¢e payable - 19,263 101,101 ; - L.
out to other funds -
Deferred revenues 33,000 9,351
LJ `
Total Liabilities 33,000 26,194 570,981
Y
Fund BaUnces:
Reserved for encunbrancts - 9,593 916,410 -
Reserved for capital projects 44,176 23,269 5,398,383 $1,917
1 i
Total Fund Balances 44,115 32,862 8,314,793 6!,917
Total Liabilities and {
Fund Balances ; 77,176 59,056 $6,893,780 $51,917
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! Totals
Year Ended
I Construction September 30, September 30,
Projects Other _ 1989 1988
X1,151,613 $ 15,862 j 2,670,061 ;10,053,607
6,340,132 11,809,177 5,000,000
I
^J 203.284
302,271 284,138
113,974
5,750 21,055 34,065
{ X7,705,024 ; 21,412 $14,808,570 05,485,784
ooaoof oofa gooses,, aauaa/aua E
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41,229 Y $ 516,695 = 899,971
186,796
301,160 134.323
` ~ 5,150 5,150 `
169,116 42,351 22,813
228,025 5,150 871,956 10218,863
1,441,353 1,426 20368,782 1,790,475
6,035,651 14,436 11,S61,832 12,638,426
7,471,004 15,862 13,936,614 14,266,901
$70705,029 $ 21,612 $14,808,670 $15,485,784 j
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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 ENDFO SEPTEMBER 30, 1989
Airport
Improvement General Street Williams
i are lit Projects Improvement Square
Revenuers
Intergovernmental j 22,385 $ ; l
Interest revenue 26,946 $87,975 31571 i
N11celleneous - - 146.827
I
Total Revenues 22,385 26,946 734.$02 3,671
`
~
Expenditures:
Cap1t+lTooutlay 370681 397,119 21600,229
tal Expenditures --31,681 •397,119 . 2,800,229
Excess of Aevenues Over (Under)
Expenditures 115,296) 1379,173) (2,065,427) 3,571 '
.u•.•
Other Financing Sources (Uses):
Proceeds of long ten debt 400,000
Operating transfers in
Operating transfers out (75,000) -
Total Other Financing
• C ~ L
Sources (Uses) 326,000
" ( i.
Excess of Revenues and Other
Sources Over (Under)
Expenditures and Other Uses (15,2961 (45,173) (2,065,427) 3,371
Fund Balances • October 1 $9.472 78,035 8,360,220 48,346
Fund Balances - September 30 f 44,176 $ 32,862 6,314,793 $ 51,917
Li
•54-
Totals
r
Year Ended
Construction September 30, September 30,
Projects other 1999 1988
i
• $ 11,280 E 33,665 $ 250,243
C $720995 - 1,191,487 938,473
---4-000 33,384 184,211 279,395
. i
576,995 44,664 1,409,363 1,468,111 f r
f - a f
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2,464,640 31,327 5,720,996 4,653,621
.
2.454.640 31.327 .-5.720.996 .4.653.621
(1,671,645) 13,337 (4,311,633) (3,185,610) i
3,615,000 4,015,000 3,600.000
420300 426300
- (954) (75,954) (100,000)
3,657,300 (954) 3,9810346 3,500,000
11779,655 12,363 (330,287) 314,490
5,697,349 3,479 14,206,901 13,952,411
;7,477,004 j15,962 113,936,614 $14,266,901 .r
.
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAP, ENDED SEPTEMBER 30, 1989
SUMMARY OF ENTERPRISE FUNDS
t
Utility U stem - To account for ' s provision of utility services to the
i res ents of the City. All activities necessary to provide such services
are accounted for in this Fund, including, but not limited to,
adminis- tration, operations, maintenance, financing and related debt service.
I, Sanitation - To account for the provision of sanitation 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, adminis-
tration, operations, maintenance, financing and related debt service.
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CITY OF DENTON. TEXAS
I
COMBINING BALMICE SWEET - ALL ENTERPRISE FUNDS
SEPTEMBER 30, 1989
I
Utility I. 7
ASSETS System
Cash and deposits 4,970,036
I
i Investments 16,472,710
Receivables (net of allowances for uncollectibles)-
Accounts 4,633,415
r Unbilled utility service 5,362,264 f
Accrued interest 466,046 4
Other 293,867 r 1
Due from other funds 4,009,600
Merchandise inventory, at lower of cast or
_ maritt 586.223
Deferred bond issuance costs 890,641
Restricted assets-
Cash And deposits 5,810,371
Investments 6,130,112 i.1
! i Accrued Interest 84,308
h Fixed assets (net of accumulated depreciation) 140,139,389
Total Assets 1189,769,588
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Totals
September 30, September 30,
Sanitation 1989 1988
75 4,970,111 13,463,934
• 16,412,710 9,165,000
- 4,633,415 4,421,185 j
152,031 5,514,295 3,815,648
• 466,046 445,688
95,679 110,646 906,635
4 357 41009,951 4,3510163
• $86,223 1,225,518
• 890,647 894,792
5,470,311 10,797,891
6,130,712
<< 84$08
1,582,7A1 1410122,170 88,217,169
1,A30, 1 923 191,600,51
~ j }137,710,123
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET - ALL ENTERPRISE FUNDS (continued)
SEPTEMBER 30, 1989
utility
LIABILITIES AND FUND EQUITY System
LIABILITIES:
j
Accounts payable and accrued expenses = 2,041,696
Retainage payable 39,989
Accrued vacation leave 365,687
Meter deposits 1,005,226 j
Deferred Revenue LLL. i
Payable from restricted assets- !
Accrued Interest 1,120,725
j Revenue and general obligation i
11 i bonds payable, current 2,430,000
I. Due to other funds 5,571,018 r
Revenue bonds payable 38,610,000
general obligation bonds payable
Notes Payable 53 109.813
Total Liabilities 104,294,214
r
FUND EQUITY:
Contributed capital-
From other municipalities or governmental units 14,903,082 Im
Q In old of construction 21,091,310
1,; ! Retained earnings (deficttl-
Roserved for bond retirement 8,6346666
` Unreserved 40,946,316
I
Total Fund Equity (Deficit) . 85,478,374 I
Total Liabilities and Fund Equity 1169,769,588
Ll
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7
Totals
September 30, September 30
,
Sanitation 1989 1480 1
+ 49,017 ~ 2, M,713 ~ ~ ; 3,443,388
39,989 210.153
c
I
75,407 j 441 , 094
419.011
J
k
1,005 226 l
672,424
- 13,12; ' 13:121
3,380 i 1
11,535 1,1320260 11145,358
1
123 200
2,553,200 20590,550
590,031 6,161,049 4 795 698
' J 38,610,000 40,665,000
1,110,221 1,176,221 1,301,421
..53.109,873 .
2,040,532 106,331,716 66,445,983
i
f
14,9030002 14,903,082
• 21,091,310 20,861,586
r, I
1.19,075 8,653,741 1,2/0,433 ~
(328,684} 10,617,632 39,256,634
I
(204,609) 85,265,765 62,264,740
11,830,923
$191,600,511 ;137,710,723
00 16011 YNt ~NLYtlettt ,
NttpHHtt
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CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Utility
System Sanitation
OPERATING REVENUES:
Electric service }63,996,395 }
Peter service 8,572,433
Sewer service 4,567,069
Charges for services 229,240 3,188,636
Sundry 3,880
77,365,131 .3,192,376
-
l Total Operating Revenues
OPERATING EXPENSES: E
Purchased power 44,312,841 -
NO 2,635,131
Purchase of water 184,927
salaries and wages 7,810,748 1,349,273 3
Materials and supplies 909,612 303,862
Maintenance and repairs 2,272,034 463,254
6,746,164 2$5,999
Depreciation
Miscellaneous 2,222 027 483,360
i
•
Total Operating Expenses 65,993,487 2,BSS,746
y
• 356.627
Operating Income 11-371.650
} NONOPERATING REVENUES (EXPENSES):
Interest revenue 2,239,829
Interest expense and fiscal charges (4,802,380) (96,440)
other (330,365)
Total Nonoperating Revenues (Expenses) (268920916) (96,4401 w. f
Incase Before Operating Transfers 6,478)734 260,187
OPERATING TRANSFERS (OUT) (5,725,102) (239,518)
2,753,632 20,669
Net Incoek
RETAINED EARNINGS (DEFICIT) - October t 466727,350 (230,278) '
RETAINED EARNINGS (DEFICIT) • Septa*Ir 30 }49,480,982 } (209,609)
urran urr •rrrrrrr r■ ~1
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~I Totals
Year Ended
September 30, 1989 September 30, 1988
i
163,996,395 159,469,101
8,572,433 8,836,792
4,567,069 4,819,902
3,411,775 3,159,715
3,640 263,951
80,517,612 76,549,467 i
44,312,841 45,564,454
2,535,134 2,451,594
' 164,921 792,039
9,160,021 7,900,216
1,213,474 1,006,947
21735,288 2,970,395
5,982,163 6,671,684
.
{ 21705,387 2,815.844
68,829,235 69,1750117
1 11,728,217 76374,290
11
r 2,239,829 20191,666
(4,898,820) (3,2860509)
(330,365) ..167:1681
. .
(2,969,356) (11262,012)
• •
(6,964,620) -(5,209,601)
.
2,774,301 902,477
1 46,497,072 46,594,595
10,111,373 146,497,072
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CITY OF DENTON. TEXAS M,
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION - +
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Utility
System Sanitation
SOURCES OF WORKING CAPITAL:
ttrat ons-
~Net ~ncome (loss) before extraordinary item j 2,753,632 j 20,669 I
Items not requiring working capital-
I Amo~tIrat on of bond discount and expense 5,746161 235:994 r
•-•---1...1.15. L
~ Working Capital Provided by Operations
8,503,941 25b,b68 f
Increase in long-term debt $3,109,873
r I Contributions-
In aid of construction -226,724
Total Sources of Working Capital
~ X61,8/0,538 ~ Y56,668 ~j
USES OF WORKING CAPITAL:
Ac uisition of property, gyglint and equipment Sg~/1 08 16153:8S7$ C
AeEuction of long-ten bebt 2 250 000 S L
Net change In restricted assets and liabilities
payable from restricted assets 1,418,308 (117,109)
Total Uses of Working Capital
63,141,593
Net Increase (Decrease) in Working Capital $(1,301,055) j •194,949
ELEMENTS OF NET INCREASE (DECREASE) IM WORKING CAPITAL:
Increase (decrease) in current assets.
Cash $(7,155,028) $ 76
nvestaKnss 7,307,7 0 '
Count$ receivable 1,211,23 62,823
Inventory 639,295
Other current assets {3D6326) (40,8801
118,284 ~~••_22~016
(increase) decrease in current liabilities- "
Accounts pa able and ether liabilities (312,951 143,635
Meter deDoS% 39 2
Due to othor funds `
Deferred Revenue (1,40/:4~~ (3 137
40741)
~ x(1,419,3391 112,931 u
Wet Increase (Decrease) in Working Capital "
$(1,301,055) j 191,949
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.64.
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Totals
_ Year Ended
~PtearDer 30, 1989 ~beptewkbcr 30~~i988
r..1
2,774,301 902,477
5,982,163 6,67 OR
4,145 31:117
. _
•.9,160,6046,609,300
53,109,873
3,500,000 i
226,724 893,356 f
'62.09120611-002,656
59,487,163 8,815,047 f
2,415,550 2,478,188 ,
II - 1.300.599 2,058,907
13,352,142
=11,106,106} . 34 86)
if7~304,1 0) 761,082
1 214,046 (3,068,979)
,639,295) ~19,1Si1
(347,206) 509,080
140,302
{18}7,968)
461,486 (1,446,238)
{1 76 36 1 139,162
W 111 775,558
!9,711 ,
(1,246,1081
' (631,518)
~f1,106,106) (21349,486)
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CITY OF DENTON, TEXAS
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
BUDGET AND ACTUAL - (BUDGET BASISI - ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Utility System
Variance-
Frb
Budget Actual (Unfavorable)
fI OPERATING REVENUES: ODO
y 2p 6pg
Waterrservicelce =64,917;0 68;572;19g 31 =IUIOPI
Sewer service 5,880,000 4,567,069 (1,312,931)
Charges for services
-.-195,000 208,683 13663
Sundry 461:000 20.557 (440,443) ,1111 Total Operating Revenues 82,822,000 77,365,137 -(5,456,8631
OPERATING EXPENSES:
{ Purchased power 45,561,935 44,375,761 1,206,174 T-
I Fuel 3,417,851 2,487,069 930,782
Purchase of water $62,176 184,927 377,249
Salaries and wages 8,612,)66 B, 284,931 527,835 j
M4terials and supplies 963 778 8 ,041 147 737 !
Maintenance and repairs 3,139;267 2,111,270 989;997
1
Miscellaneous 3,649,140 1,800,643 65
, 8,4
Capital Outlay 2,537,074 880,078 ,6,995
Total Operating Expenses ~b8,66J,98) -60,9J8,72D ~7,685,26J
! Operating Income (Loss) -14,158,013 16,386,117 2,228,404
MONOPERAIING REVENUES (EXPENSES):
Interest revenue 6~y pp0 2 23y 8~~ 6~6g 22y t^
Interest expense and fiscal charges (5,382;867) i{'802;380) 1'SBS,~87 i
Other 330,367) (330,367) 1.
Total Nonoperatfng Revenues
(Expenses) (4,703,667) (2,692,918) 1,810,949
In€°"ie Writing
BUM oWriting Transfers 9,454,146 13,493,499 4,039,363
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OPERATING TRANSFERS IN (OUT) 15,725,1021 (5,725,102) - '
G-' 1
Net Income -'3,729,044 7,766,397 4,039,353
RETAINED EARMINOS - October 1 46,161,667 46,7270360 565,483 ! i
3
RETTAIED EARNINGS (DEFICIT) - September 30
(Budget Basisl 49 690 911 64,495,741 4,604.836
E DEPPRRERCIATION D CAPITAL OUTLAYS NET OF (5,014,765) (5,014,765)
REF N D,tARNINGS (DEFICIT) - September 30 144.876,146 j49,4811,482 1.!:!14,836
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Sanitation Total
Parlance- variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable}
1 - - 1 $66,339,000 163,996,395 1{2,342,605
9,947,000 8,572,433 (1,374,567
5,880,000 1,567,069 (1,312,931
3,231,510 3,188,535 (49,035) 3,132,570 3,397,218 (35,352
7,050 3,840 (3,210) 468,050 24,397 (443,653
.3,244,620 -3.192.375 --.152_245) -86_066_620 -._-512 ,(5_509.108!
_ 45,581,935 44,375,761 1.22y30~Q66 174
2
- - 3362;176 y2~184,92I 77b77)~2251Q9
1,33289;900 1 304:341 19661 11218;678 1;120;3882g g1628;22g9g6
{
165,629 66642{ ([128 ; 1795 t; 114.769 2267 061 1,81;702
I
13,397 12,642 155 2,550,411 892,720 1,651.751
_ 2,489,S92 2,598,366 (166,774) 71,153,$79 63,571,086 1,576,193
-.2,067,385
15S.028 694.009 ~-(161.019) 74,913,041 -16.980,426
I 679,000 2,239,829 11560,829
i 1 609 1 BOB 820 $8167
89
11 6'110) 1'302 (5 BO
I A 97'7121 (9 ) ( ( .
~330,367~ (330,361)
1
(97,742) (96,440) 1,302 (4,801,609) (2,989,3581 1,8121261
657,266 497,569 (15),717) 10,111,432 13,991,068 3,819,636
(239,618) (239,518) (6,964,620) (5,964,620) -
1
4176768 258,051 (159,717) 4,146,812 8,026,448 3,819,636
I
(668.245) (230,728) 4.71617 45,473,622 06,496,622 1,023,000
1
(270,471) 27,323 297,800 49,620,434 54,523,070 4,902,636
-I (236,932) (236,932) - (6,251,697) (5,251,691) -
(507,400) 1 (209,609) 1 297,600 144,366,731 940,271,373 4,902,636
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CITY OF DENTON, TEXAS
cOMBININO BALANCE SHEET - UTILITY SYSTEM
SEPTEMBER 30, 1989
1
Electric
ASSETS S~ste~e
Cash and deposits j 4,114,528
II Investments 13,831,929
Receivables (net of allowances for uncollectlblesl- 4,533,415
Accounts
Milled utility service 4,305,584
Accrued Interest 399,493
24 OM
other if^
Due from other funds 4,009,800
Merchandise inventory, at lower of cost or 586,223 i
market
I Deferred bond Issuance costs 414,800 C'
w Restricted assets- 3,143,388
cash end deposits 3,546,f96
Investments 45,105
Accrued Interest
fixed assetsi net of accuwlated depreciation 33,484,841 I
Total Assets 112,817,871
111 ~ 1
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Totals for Utility System
Water and September 30, Septeeber 30,
Sewer System 1989 1988
B5S,508 ; {,970,036 13,463,934
21640,781 16,472,710 9,165,000
3 4,533,415 4,421,I8S
II 1,056,680 5,3620264 3,685,006
f j 66,553 466,046 445,688
11,198 253,667 852,488
I 4,009,600 4,315,926
~•r II 586,223 1,225,518
/15,847 890,647 894,792
2,626,983 ;,810,311 1D,678,816
2,g",416 60130,712
j 39,203 84,308
! 106,654,548 140,139,389 66,412,268
1 j116,951,717 5169,769,588 ;135,560,623
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j CITY OF DENTON, TEXAS -
COMBINING BALANCE SHEET - UTILITY SYSTEM -
SEPTEMBER 30, 190
Electric
LIABILITIES AND FUND EQUITY System
LIABILITIES:
Accounts payable and accrued expenses ; 1,602,852
Retalnage payable t..
Accrued vacation leave 241,770
Deposits 1,005,226 r^
Payable from restricted assets- I
Accrued interest 552,330
Revenue bonds payable, current 1,360,800
Due to other funds
Revenue bonds payable 18,630,580
General obligation bonds payable
Notes Payable -
Total Liabilities ;2x,393,558
FUND EQUITY: J
Contributed capital-
From other swolcipalities or governantal units 13,060
In aid of construction 111776360
Retained arnings• a;.
Reserved for bond retirement 4,921,654
Unreserved 43,3126234
I
Total Fund Equity 49,424,313
E
Total Liabilities and Fund Equity ~12,817,A71
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Total% for Utility System
r~ Water and September 30, Se te*3 r 30,
li Sewer System 1989 19d8
438,644 $ 2,041,696 = 3,246,909
3 39,989 39,989 210,753
123,917 365,687 346,631
• 1,005,226 672,424
668,395 1,120,725 1,132,458
1,069,200 26130,000 2,425,000
5,671,018 5,571,018 4,166,630
19,979,420 38,610,000 40,866,000
53,109,873 $3,109,873
J
X80,900,656 .1046204,214 . 63,065,606
14,890,022 144903,062 14,903,082 j
1969138950 21,091$10 20,864,686
3,613,007 8,634,666 7,1210358
12,366,918) 40,946,316 39,606,992
p 36,051,061 85,416,314 82,496,016
I .
;116,951,717 $1891769,588 $135,660,623 f
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CITY OF DENTON, TEXAS `
COMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
UTILITY SYSTEM 1
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
I
i
Electric Water and
System Sewer System -
OPERATING REVENUES:
Electric service $63,996,395 = -
Water service - 8,572,433
Sewer service 4,667,069
Charges for services -•..208683 ..-•-20,657
Total Operating Revenues 64,205,078 13,160,059 i~
i
OPERATING EXPENSES. l.l; 1
i Purchased power 43,241,933 1,070,908
Fuel 2,524,068 11,066
~Purchase of water - 164,927
Salaries and wages 4,296,936 3,613,613 L'
Materials and supplies 3590736 649,876
( Maintenance and repairs 1,068,950 11203,084
Depreciation 217150929 3,030,235
Miscellaneous 1,662,664 .-•-669,363 yy
Total Operating Expenses 56,770,216 10,223,272
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Operating Income 8,434,863 2,936,787
NONOPIRATING REVENUES 1EXPENSESIs
Interest revenue 1,579,566 660,273
Interest expense and fiscal charges (10701,6611 (30100,719)
Other (203,121) (126,644)
Total Wonoperating Revenues (Expenses) ..•(325,826) 12,667,090)
Li
Income Before Operating Transfers 8,109,037 369,691
OPERATING TRANSFERS (OUT) (3,299,445) 12,425,6571
Net intoaM (loss) 4,809,592 (2,066,960)
RETAINED EARNINGS • October, 1 43,424,301 3,303,049
` RETAINED EARNINGS • September 30
148,233,893 11247,089 I
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Totals for Utility System
Year Ended
September 30, 1989 September 30, 1988
- ;63,996.395 ;59,469,101
8,512,433 8,836,192
4,561,069 4,819,902
229,240 251,161
11,365,131 13,363,556
1 1
44,312,811 45,564,454
' f 21535,134 2,451,594
164,921 192,039
1,610,118 60121,568
909,612 8210123
J 2,212,034 2,512,622
6,146,164 6,385,062 f 1
2.222,021 2,213,858
{
1 65,993,461 664688,220
j
116371,650 6,195,336
- j l'
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2,239,829 2,191,665
(4,802,80) (30180,012)
(330136S) 1163,438)
(21892,916) 11,161,185)
6,478,734 6,643,5S1 j
(50125,102) (41919,801)
Y..........
!,163,632 6636150
46,121,360 46,063,600
X49,480,482 ;46,121,360
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
SUMMARY of INTERNAL SERVICE FUNDS
Working Capital Fund - to account for the financing of goods and services
prov e y ne nunicipal 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 lOx, Actual costs include
depreciation on the building, improvements, machinery and equipment used to
provide the service.
Motor Pool Fund - to account for the purchase of City vehicles not budgeted in 1
3 other unds These vehicles are then teased to other City departments.
Monthly charges are equal to the vehicle cost less salvage value divided by
expected
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CITY OF DENTON, TEXAS
COMBINING BALAKE SHEET - ALL INTERNAL SERYICE FUNDS
SEPTEMBER 30, 1989 I
Working
ASSETS Capital Motor Pool
r ~
Cash and deposits - ; 604,918
Invesbeents 16910,343 '
PAcaivables 36,495 33,437
r j No from other funds 61,216 371,756 1
Merchandise inventory, at lower cost or market 10305,337 {y
fixed assets (net of accumulated depreciation) 266,310 2,677,318
k total Assets j1.671,386 ~6,797,1T2
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LIABILITIES AND FUND EQUITY
I
I 11A8111T1E5:
I Accounts payable and accrued expenses = 137,046 ; 77,881
Leases payable 120190 80,797
Accrued vacation and sick leave 16,682
Due to other funds 1,271,125 10,291
I Contractual obligation 11265,000
Total Liabilities 1,431,043 1.4$3, 69
- - L k
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FUND EQUITY: r
Contributed Capital.
281,391 3,602,945
From other municipalities or governmental units
Retained earnings (deficit) (47,048) 740,858
Total Fund E ui . -234 234,343 4 343 803
Total Liabilities and Fund Equity $1,671,386 $5,7970772
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September 30, September 30,
1989 1988
804,918 $1,837,305
1,910,343
69,932 4,830
i 633,000 644,901
?`J 1,305,337 1,4120801
2,945,626 2,215,1%
17,469,168 j6,11i,013
r
216,927 220,688
921987 454,994
16,682 12,247
1,261,416 10391,900
11288,000 776,000
t,891,012 21854,829
3,884,336 3,026,646
693,010 2334538
4,870,146 3,260,t04
~7,/69,15A X6,113,033
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CITY OF DENTON, TEXAS
1
MINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
ALL INTERNAL SERVICE FUNDS
1 FOR THE FISCAL YEAA ENDED SEPTEMBER 30, 1989
Working
Capital Motor Pool
OPERATING AtYENUES:
Charges for goods and services X3,824,266 j1,123,259
Misceilmeous 37,127 1,435
+
r Total Operating Revenues •3.061.393 1.424.694
OPERATING EXPENSES:
Salaries and wages 619,942
` Materials and supplies 2,927,621
! Maintenance and repairs 51,604 E
i Depreciation 27,417 11158,647
Miscellaneous 249,218 23,119
s
( j Total Operating Expenses 3,175,802 111810966
Operating Tncome (Loss) 85,591 2426728
i _
l NONOPERATING REVENUES (EXPENSESI:
i,
I P.;n (toss) on disposal 31,606 113,968)
Interest revenue 224,907
Interest expense and fiscal charges .-••14:6151 (1051997)
I k
Total Nonoperating Revenues (Expenses) 26,991 .104,942
Net Income (Loss) 112,582 347,610
RETAINED EARNINGS (DEFICIT(- October, l (169,630) 393,188 i
RETAINED EARNINGS (DEFICIT) • Septatber 30 = (47,046) >j 710,866
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Totals
J Year Ended
September 30, 1989 September 30, 1988
$5,247,525 $4,960,603
38,562 98,F22
r' 5,286,087 5,059,125
-
_ 519,942 484,976
21927,621 2,728,132
510604 54,139
1,186,264 1,466,321
2720331 253,248
4,961,768 5,006,822
{
328,319 520303 j
s
11,638 -
224,907 13,566
(84,854)
L: I ; 1110,6121
I ,
1310933 (71,288)
_I 460,252 (18,985)
_j
233,568 252,543
693,810 $ 233,558
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'T}JJFy.9i~,:;`. 'vl; .,~~4,+a t,,~:'+;,t n't.h u; P:'.C y$~#ffi 1.it,a'k'1^t.1`w',rN)„4~w3.+.3~'~.k~M4''
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CITY OF DENTON. TEXAS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
I
Working
Capital Motor Pool
SOURCES OF WORKING CAPITAL:
Operations-
Net income (loss) $ 112,582 ; 347,670
Items not requiring working capital-
-
Depreciation 27.417 1,158.847
I
Working Capital Provided (Used) by Operations 139,999 1,506,517
i Proceeds from sale of contractual obligation - 765.000 ` i
.
Total Sources of Working Capital 139,999 2,261,517 ;
t:
a USES OF WORKING CAPITAL, _
Reduction of long-term debt 245.000 w
Acquisition of property, plant and equipment 1,461 1,057,555 {
Total Uses of Working Capital 1,454 1,302,555 I
r. Net Increase (Decrease) In Working Capital ; 138,545 ; 968 962
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ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAP1Tl'.:
Increase Idecrease) in current assets-
Cash end deposits s 146) I11,o32,341)
Investments - 1,910,343
Accounts receivable 35,952 29,150 -
Inventory 1107,464) -
Other current assets 5,588 1217,4921
i
(65,970) 689.660 ?
i.
(Increase) decrease In current liabilities-
Accounts payable and other liabilities 89,986 213,347 tt 1
Due to other, funds 114.529 --__(4.045)
1
204,515 269,302
Wet Increase iDecrease) in Working Capital ¢ -138,545 ; .958.9b2
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Totals
Year Ended
,y
September 30, 1989 September 30, 1988
t
I $ 460,252 118,985)
1,186,264
1,486,327
'
1,646,516 1,467,342
a
7S5,000 775,000
.2,401,516 2,242,342
Y~
t 245,000
k -1'059009 ...665:591
1,304,009 665,591
;1,097,507 11,576,751 r
aura ru eua.aru•
1(1,032,387) 11,194,763 {
1,910,343
65.102 1,722
(107,464) 166,527
(211,9W) (514,971)
848,04(
f
f 363,333 799,212
1)0,484 (70,502)
•••413,817 .•-72AYJ14
$1,097,507 $1,576,751
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CITY OF DENTON, TEXAS
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
BUDGET AND ACTUAL - IBUDGET BASIS) - WORKING CAPITAL FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 3D, 1989
f Working Capital fund
Variance-
1 Favorable
Budget Actual (Unfavorable)
OPERATING REVENUES:
Charges for goods and services = 3,746,600 ; 3,824,266 ~ 77,666
Sundry 16,000 37,127 21,127
Total Operatin3 Revenues 3,762,600 3,861,393 98,793
OPERATING EXPENSES:
Salaries and wages 542,73S 527,196 15,539
3,033,887 2,999,224 34,663
Materials and supplies
f Maintenance and repair:. 91,460 41,611 49,849
! miscellaneous 268,830 251,760 17,070
Capital Outlay
! j
f
Total Operating Expenses 3,936,912 3,819,791 117,121 f
~
Operating Income (Loss) (174,312) 41,602 215,914
r . .
t NONOPERATING REVENUES (EKPENIES): - 1
i Gain on disposal of tined assets 31,606 31,606
615) ( .6151
Interest expense and fiscal charges I
.
I Total Nonoperatin9 Revenues
(Expenses) 26.991 26.991
;
Net Income (Loss) -.•1171,312) 68,593 242,905 i
RETAINED EARNINGS (DEFICIT) - October I
1159,6301 1159,630) - L.
(Budgetary Basis)
RETAINED EARNINGS (DEFICIT) • September 30 j
(Budgetary Basis) (333,912) 191,037) 242,905
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ENCUMBRANCES AND CAPITAL OUTLAYS NET OF
DEPRECIATION 43,989 43,989 -
RETAINED EARNINGS (DEFICIT)•September 30 4
_ (289,953) ; (47,048) 1j 242,905
(6AAP Basis)
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CITY OF DENTON* TEXAS
I,J
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
SUMMARY OF TRUST AND AGENCY FUNDS
M EXPENDABLE ;RUST FUND
Employee insurance - to account for accumulation of resources for the psyment
f of employee insurance claims and insurance policies.
4
I `
f AGENCY FUNDS
Payroll - to account for the collection and payment of the City's payroll and j
associated liabilities,
Deferred Compensation - to account for the City employees' investment in a
deferred compensation plan. A'
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CITY OF DENTON. TEOS
COMBINING BALANCE SHEET - ALL TRUST AND AGENCY FUNDS
SEPTEMBER 30, 1989
I
I ASSETS Expendable Trust Fund 1
III
I Cash and deposits $1,369,240
Investments 1,764,439
Receivables:
Accrued interest 38,434
i
i Other 11,826
Due from other funds 9,943
Total Assets $3,193,882
I t.. ~
j LIABILITIES AND FUND BALANCE
Accounts payable ; 76579
Clain payable 967,336
Due to other funds
Fr I
Total 1fa61Nties .974,911
Its
f Fund balances (deficit) 2,218,967
. . -
Total Liabilities and Fund Balance $3,193.682
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Totals
1«3ency Funds Septeaber 30. 1989 Septeaber 30. 1988 1
370,087 =1,739,:27 $1,028,848
- 1,764,439 -
- 38,434 3,801
400 12,226 -
.3.009.140 .3.019,083 3,021,558 I
j
$3,319,627 $6,573,509 $4,054,207
i OEM... MEMO .9 Mff rMEOMEMEMr
k
$3,379,627 $3,387,206 $2,916,962
- 967,336 860,106
',n~ ~ ...366.703
3,379,627 4,354,542 1,203,711 '
- 2,218,967 1149,564) ( 1
x`
$3,319,621 $6,573,509 $4,054,207 j
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1 CITY OF DEVON, TEXAS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Balance
October 1, 1988
PAYROLL FUND ASSETS
Other receivables =
Due from other funds 3,021,436
t Total Assets 3,021 136
f $ '
LIABILITIES
I Accounts payable $2,113,007
Due to other funds 308,429
Total Liabilities
$3f021~436 ~
rl DEFERRED COMPENSATION FUND
ASSETS
Cash and deposits 228,848
Total Assets $..228,&18
LI1.81L1T1ES :4-
Accounts payable - due to participants 228,848
E
Total liabilities $ 228,848
TOTAL AGENCY FUNDS ASSETS
Cash and deposits $ 228,848 {
Other receivables
Due frog other funds 3,021,436 j,
Total Assets $3,250,284
kJ
LIABILITIES tit
Accounts payable $20941,855
Due to other funds 308,429
Total Liabilities $3,250,284
~f
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Balance
JVddlttons Deductions September 30, 1989
.J F 400 - ; 400
- 6,078 3,009,140 +
1
.
6,078
4D0 ;3,009,540
i
296,333 ;
~ - ;3,009,5:0
308,429 _
$ 296,533 $ 308,429 ;3,009,540
.
fRftl••.!• ~ /
ffleb Y•O HYff uf,f [ 7
164,958 ; 23,719 ; 370,081
1
164,958 $ 23,719 = 370,087
r ; 164,958 ; 23,719 = 370,087
-
164,958 j 23,719
370,08)
¢ 154,959 ; 23,119 ; 370,087
400 400
6:078 3,009,14D
161,358 ; 29,]91 ;3,31A,627
461,491 ; 23,719
;3,319,627 ~
308,429
= 461,491 ••332,148 •;3,379,627
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
GENERAL FUND SUPPLEMENTAL INFORMATION
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL j
I
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-89- a
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CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance-
Favorable
Budget Actual (Unfavorable)
GENERAL GOVERNMENT:
Administration (0001) _
Personal Services ; 328,319 = 327,641 ; 678
Supplies 17,631 18,227 (596)
Maintenance 1,378 970 408
Services 89,802 90,027 (225)
Sundry 13,307 12,797 510
450.437 444.662 775
+ Building Operations 0002)
Personal Services 174,798 175,32! (530)
Supplies 23,280 20,794 2,486
Maintenare 119,527 122,585 13,058)
Services 554,291 512,613 41,678
r-
i
871-896 831,320 40,576
Operations Analysis (0003)
'
Personal Services 75,036 74,262 774 (
Supplies 4,641 4,685 (44)
Maintenance 25 23 2
Services 7,92 71965 1573)
87,094 86,935 159
f
word Processing (0006)
Personal services 143,338 139,294 4,044
Supplies 14,926 14,646 280 r, }
Maintenance 26,040 25,916 121 ;
Services 8.225 8,160 65
Fixed Assets 8,945 8,847 98
201,414 196,863 4,611
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CITY OF DENTON, TEXAS
1 r. _
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GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL ICONTINUED)
j FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989 _
Variance-
Favorable
{
Personnel (0008) 2udget Actual _ iUnfavorable)
l
Personal Services ; 272,123 ; 284,830 (12,101)
j
Supplies 25,281 24,713 568
Maintenance 3,160 2,791 369
Services 71,490 77,665 (6,175)
Sundry 6,057 5,936 121
i
E Fixed Assets 9,306 9.158 118
387,417 405,093 (17,676) +
f
Data Prccessing/Administration (0017) 1
Personal Services 377,467 370,674 6,793
J Supplies 38,137 38,546 (109)
Maintenance 76,193 18,205 (2,01:) j
Services 236,705 237,874 (1,169) 1
Sundry 298 298 -
Fixed Assets 15,406 15,765 (359)
744:606 .....7-11..,.-362. ......3, 44
Legal Administration (00011
Personal Services 295,132 261,221 27,905
Supplies 7,450 8,666 (616)
Maintenance 830 623 307
Services 26,280 25,985 295
Sundry 21500 1,510 990
Fixed Assets 20,770 18,937 1,633
..•.352,962 - 322.2 -..•30,711
Municipal Court Judge (0005)
p4 Personal Services 65,628 80,008 5.620
~1G Supplies 1,1DO 1,666 14
Services 5,580 4,613 967
92,908 82,307 6,601
Municipal Services (00091
Personal Services 140,593 136,304 4.289 i
rj Supplies 3,995 3,433 662
Maintenance 312 293 19
Services 18,532 19,219 (687) JJ
Sundry 470 463 7 1
.
i~ ..163.902 -...169.712 --..-.1.190
~a •91-
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CITY OF DENTON. TEKAS -
GENERA FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FDR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989 .
I Variance.
Favorable
Budget Actual IUMavorable) _
Library Administration (0070)
-
Personal Services ; 128,170 139,261 >F (10,741)
Supplies
Maintenance 13,125 14,696 (11271) r
1,600 717 883
f Services -..-.53,706 53,805 4
197,201 208,479 (11,278) r
Support Services (D072) I
Personal Services 257,469 265,650 (81181) If
Maintenance 2,515 2,471 98
Services 3,904 3,521 363
g~
! F 263,948 271,648 (7,700)
Adult Services (0013)
Personal Servicet 133,345 141,865 (11,520)
Supplies 1,730 4,503 227
{ Maintenance 450 423 27
# Services 20,662 20,358 304 I
r Fixed Assets S26310 $3,324 (1,014)
211,497 223,473 (11 976) I
Children Services (00741
VA~
Personal Services 140,400 144,209
Supplies 2,000 11942 13~~581
Maintenance 1,200 751 449 I
Services 1,400 1,110 290 F
Fixed Assets 27,264 21,187 6,071 r- j
172,264 1690199 3,065 '
Finance Ads!nistration (0020)
Personal Services 197,331 191,165 6,172 L
Supplies 4,115 2,243 1,432
Maintenance 240 197 43
Services 19,714 190311 463
Fixed Assets 4,570 3,991 573 i
226,096 216,913 90183 i
-92-
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.
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4
1
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- CITY OF DENTON, TEXAS
- GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance-
Favorable
Purchasing (0021) Budget Actual (Unfavorable)
Personal Services j 184,621 j 162,332 j 2,289
Supplies 10,000 10,124 (1241
Maintenance 2,000 %0 1,040
Services 21,100 20,312 788 1
Fixed Assets - 20270 (26270)
211,721 215,998 1,
723
Customer Service (0022)
Personal Services 668,933 533,992 34,941
Supplies 111,708 122,S30 (10,822)
Maintenance 4,500 21517 10983
~ Services 144,129 90,256 53,873
Fixed Assets 24,702 15,180 9,522 t
JI 853,972 764,475 09,497
i
Cashiering (0023) a
Personal Services 202,175 198,561 :1,624
Supplies 3,250 3,630 (380)
Maintenance S00 488 12 '
Services 7,419 70955 (536)
213.344 ....2.0.624 ......2.720
Accounting (0024)
Personal Services 357,174 330,338 18,836
Supplies 16,660 17,357 (107)
Maintenance 720 65 655
Services 13,054 13,407 (3531
Fixed Assets 20,214 14,913 301
401,812 389,080 18,732
Tax (0025)
Personal Services j 48,412 ; 41,442 j 970
Supplies 6,900 7,918 982
Maintenance 85 33 52
Services 3,248 2,093 1,i SS {
60,645 51,486 3,159
-9]- 1
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F
j CITY OF DENTON, TEXAS V
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL ICDNTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance.
Favorable
Budget Actual (Unfavorable)
Municipal Court Clerks (0026)
Personal Services 173,973 15?,383 21,590
Supplies 17,650 17,802 (152)
Maintenance 700 1,845 11,145)
Services 6,632 9,020 (213881 1...
Fixed Assets 1,711 525 1,186 1j
..200.666 •-.'181,575
. •..'•19.091 +
Finance Administration Mist. (020M)
Personal Services 914,647 797,627 111,020
Services 174,500 260,512 (86,012)
Sundry 791,367 748,871 42,496
i
1,880,514 1,807,010 13,504
Accounting Misc. (024M)
Personal Services 105,800 85,269 20,531 {
Services 128,000 176 156 (48,156)
E Insurance 584,206 584,206 i
1 Sundry
r it 349,367 336,493 12,874
.
1,167,373 1,182,124 (1417511
Planning A community Development 10015)
Personal Services 368,754 344,029 24,725
Supplies 20,472 ?2,083 (11611)
Maintenance 370 269 101
Services 47,796 43,237 4,559 i
Sundry Fixed Assets 10,458 104.484 16
,667 291
.•..452,850 ...•424,169 ...•.28,081
E
Planning B Development Misc. (015M) ri
Sundry 156,800 156,800
156,800 156,800
Total General Government ;10,035,299 = 9,759,155 f 276,144
,94.
4
rQ4~
CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
j
Variance-
Favorable
Bvdgtt Actual (Unfavorable)
PUBLIC WORKS:
{ Emergency management (0007)
Personal Services = 43,699 ; 44,469 ; (770)
Supplies 4,205 3,796 409
maintenance 1,160 1,788 (626)
/ Services 13,680 14,261 (581)
Fixed Assets 35 1351
.....62,744 .....64,349 (1,605)
}
Engineering (0010)
j Personal Services 781,643 792,773 (110130)
-1
1 f Supplies 30,176 31,420 (1,244)
Maintenance 10,600 130117 (21517)
Ik
Services 29.074 34,443 161349)
r Fixed Assets 4,000 4,On0
l 855,493 871,753 (16,260)
Inspection (0011)
Personal Services 329.420 328 695 725
P ' Supplies 11,552 10,622 930
Paintenance 5,691 3,945 1,646
Services ....-18,131 17,244 Be?
...364.694 360,506 •4.168
.
Transportation Engineering (0012)
Personal Services 194,695 206,636 (6,941)
Supplies 10,160 9,284 866
Maintenance 101,050 109,861 (8,811)
Services '...•44578 31,380 130196
Fixed Assets 25,000 10,183 14,817
380,473 367,344 13,129
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CITY OF DENTON. TEXAS `
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance-
Favorable
Budget Actual (Unfavorable)
Airport (00191
Personal Services j 71,212 ; 70,879 333
Supplies 5,160 3,699 1,451
Maintenance 6,146 9,224 (3,0781
Services 11,825 11,172 653 "
Sundry
725 $31 191
.....95,058 ....9s.SM .......`450) E
Public Yorks Administration (0030) r,
Personal services 219,627 224,738 (51111) 14.
Supplies 8,384 9,619 (1,235)
Maintenance 2,767 2,687 BO
Services 17,502 11,570 (68)
Sundry 300 130 170
1
fixed Assets 3,946 7,666 (31120
252,526 262,410 (9,884) ii
i 1
Street Patching (0031) Personal Services 312,487 299,219 23.209
Supplies 30,802 33,831 (3,029) a,
Maintenance 402,876 355,371 474605 r
Services 44,004 42,719 1,225 1 .
t, f
790,169 721,260 68,909 I
1
Street Sweeping/Drainage 10032} i.
Personal Services 184,082 213,429 (29,347)
Supplies 19,953 18,053 1,900
xalntenance 88,492 90,656 (2,164)
Services 46,119 30,347 15,772
. •.-.(13,839}
...338.646 ....352.485
x ,
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IN:'N
CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Ysrfance-
Favorable
Budget Actual (Unfavorable)
Street Construction (0033)
Personal Services 8 285,296 j 319,108 $ (33,812)
Supplies 14,075 16,020 (945)
Maintenance 251,037 219,341 31,646
Services 141,888 105,784 36,104
692,296 659,253 33,043
Street Lighting (0034)
I Services 303,000 310,637 (7,631)
f i
303,000 310,637 111637)
Environmental Health Services (0035)
Personal Services 104,011 100,058 3,953
Supplies 5,601 5,954 (347)
Maintenance 150 3 147 `
i Services 34755 4,440 (685)
1 Fixed Assets 4,7DO 762 3,938
118,223 111,217 1,006
Animal Control (0044)
Personal Services 176,493 112,794 3,649
Supplies 11,980 19,448 (1,468)
a maintenance 6,619 4,812 13,293)
Services 22,619 22,001 612
Fixed Assets 42 330 42 300
30
265,941 266,361 (420)
Total Pubic Works ; 41619,263 = 4,443,063 $ 76,180
1
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CITY OF DENTON, TEXAS -
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance.
Favorable
Budget Actual (Unfavorable)
PARKS 1 RECREATION:
Parks 1 Recreation Administration (00601
Personal Services f 169,397 ; 154,286 15,111
Supplies 26,200 30,440 (4,240)
Maintenance 3,000 20096 910 - s„
Services 26,750 35,387 (8,637)
Sundry 250 114 131 _
225.597 222 322 3,273
Recreation (0062)
Personal Services 654,883 629,611 25,272
Supplies 61,606 66,866 10720
M116tenance 13,850 16,255 (2,405)
I Services 192,454 183,553 8,90)
f
Fixed Assets 10,000 10,130 21130) r
941,759 906,001 35,758
I Park Maintenance 100641
' i
Personal Services r
f 621,264 618,420 2,844
Supplies 51,625 64,452 ,8271
Maintenance 85,800 96,828 lif,a2/1
Services 121,413 101,297 20,116
Sundry ISO 77
73
Fixed Assets 8,825 8,825 -
899,077 881,074 18,003 j
! j
Total Parks 1 Recreation S 2,066,433 8 2,009,397 ; $7,036
1,J I
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CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR 7HE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance-
Favorablt
budget _ Actual (Unfavorable)
PUBLIC SAFETY.
Criminal investiyatlon (0041)
Personal Services
k Supplies 722,817 $ 740,229 ¢ (17,382)
Maintenance 27,466 27,298 168
Services 120758 17,738 (40980)
Fixed Assets 31,294 38,144 (850)
........839 .......4,791
8OS,204
! 828,200 (22,996)
Admfnfstratfvt (0042)
Personal Services
Supplies 5071968 612,714 (1,746)
Maintenance 4/,445 46 928 (2,483) i
Services 31,560 30,269 1,281
Sundry 117,619 122,734 (5,115) t
i
k Fixed Assets 1,110 14159 (49)
44,860 44,374 486
I
....747,552 7580178 (10,626)
f Patrol Division (0043)
}
1 ! Personal Services
Supplies 2,778,532 2,8050150 (26,618)
Mefntenane! 90,898 106,280 (15,382)
t Services 9028 130,307 (10,279)
Sundry 217,338 2010206 10,132
fixed Assets 100 100
9,340 8, 621
619
T 2,186,236 ' 3,257,862 f71,626)
Fire Admfnistraticn {0050)
Ptrsonai Services 304,422 304,834
Supplies 1412)
Maintenance 24,469 25,145 (676)
Services 41,075 39,612 2,263
Sundry 99,660 99,361 299
i Fixed Assets 800 522 278
12,407 12,196 211
461,833 481,870
.••1,963
-T
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CITY OF DENTON, TEXAS
i
i GENERAL FUND - SCNEQOLE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1989
Variance-
Favorable ti
Budget Actual (Unfavorable)
Operations (0051)
Personal Services { 2,655,367 { 2,645,539 ; 9,828
Supplies 59,200 53,535 5,665
Maintenance 43,S78 47,037 (3,459)
Services 116,573 129,865 113,2921
Fixed Assets 59 190 58 722 468
..2,933,908 2:934.698 .......(790)
Freventlon (0052) • €
Personal Services 149,996 135,630 14,366 1
4,867 4,870 (3)
Supplies 6,311 5,415 (104)
Maintenance
E E Services 9,009 8,497 511
14,770
} 169,182 154,412
Evergency Medical Services (0053)
f Personal Services 606,323 765,410 1159,0871
Supplies 49,827 49,665, 162
Maintenance 9,807 10,390 (583) j
Services 111,610 60,506 51,104
Fixed Assets 19,106 19,106 - r
•'i r •....u ...r E i•
....796.673 ....108.404)
I i
t
Wei Public Safety { 9,122,588 { 9,320,297 { (197,7U9)
eu rsuuu •rrsssuu• •u.u we~a
GRAND TOTAL GENERAL FUND 11) {25,743,583 {25,531,932 { 211,651
•uurra•r■ esouuu• •u ssu urr
11) Includes operating transfers out of 1427,300 and $428,668 for Budget and Actual respectively.
al
-100-
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STATISTICAL SECTION
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17
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CITY OF DENTON TEXAS
GENERAL GOVERNMENT EXPENDITURES
BY FUNCTION (1)
LAST TEN FISCAL YEARS
Fiscal General Public Public -
Year Government Safety works
1980 S 2,881,977 $3,610,186 S 954,921
1981 3,992,254 4,173,188 1,077,134
1982 4,340,168 41805,245 112080589 `
1983 4,1706991 5,020,458 2,1804879
1984 4,673,090 5,5319882 2,785,622 r
1985 69191,869 6,363,330 3,0710489
1986 6,501,953 70156,369 30690,350
4 1987 794989530 7,742,987 3,630,471
1988 8,468,435 8,3180904 4,040,489
1989 10,842,100 9,150,314 41367,287
i
(1) Includes General, Special Revenue, and Debt Service Funds
(2) 1980-1982 Capital Outlay also included in Departmental Totals i s
(3) Difference due to advance refunding of General Obligations bonds and
Certificates of Obligation in November, 1985.
f
-102-
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Table t
j
I
Parks and Capital Debt
Recreation Other Outl
Sert "e Total
$ 7952601 si,1029998 $ 586,540 ;t 745.016 $12,354,705
`J 9360673 160850178 3180642 1,959,547 13,223,974
1,1371957 1,210,497 256,346 19884,273 14,594,749
I wl ~
1,257,726 - 513,377 1,7460561 14 889 992
1,4980226 - 3859783 2,3921n5q
.17,267,461
1,7190742 190160119
- 29419,528 20,7821077
21110,862 - 1,044,401 157014613) 20,661,081
2,252,215
- 390,354 306632923 250178,485
f
2,306,063 - 448,593 4,164,783 27,747,257
2,397,948 i
403,533 505089631 32469,813
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-103-
.
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CITY OF OENTON, TEXAS _
GENERAL REVENUES BY SOURCE (1)
LAST TEN FISCAL YEARS
Licenses Ut111ty inter-
Fiscal and Franchise Governmental
Year Taxes Permits Fees Revenue
1980 S 6,049,491 2 96,226 $196,429 $167510580 r I
{ 1981 60992,999 82,494 232,990 102581829 r.
1982 7,895,519 961943 330,694 9856405
j 1983 8,8190953 213,490 3610937 1,036,903
1984 101405,911 303,725 418,680 8264575
1985 111845,499 3569661 484,171 10210,019
1986 134838,013 379,238 3711960 10791,435
1987 1508660362 2800171 4260319 1,123,194 r
1988 17,3949836 211,999 6501879 111796092
1989 18,514,210 222,756 5950142 1,6819445
II
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(1) Includes General, Special Revenue and Debt Service Funds rr~
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waV`~1 MRlp~
Table 2
I
j
Fees for Fines and Interest Miscellaneous
Services Forfeiture, Revenue Revenue
~ Total
J $ 163,616 $ 2240853 $151,948 ; 298,531 = 899721879
207,385 247,140 165,635 2161508 9 403 980
1660716 397$10 153,435 365,067 10,41'x,349 j ;
245,808 561,214 1100189 469,270 11,8241764
4940212 616,826 192,196 642,452 13,900,577
1,168,673 715,044 330,026 272 088
16,442,181 f
110500010 659,194 2451555 836,803 19078,268 f
i,ic8,764 780 748
347.415 918,656 200870,629 '
1,3121662 1,144,911 600,178 1 006 108
23,600,665
102981206 1,232,766 8080280 21073,450
26, 486, 255
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i
CITY OF DENTON. TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
1
Percent Delinquent
Fiscal Total Current Tax of Levy Tax
Year. Tax Levy Co1lections Collection Collections
1980 ; 3,780,389 S 3,541,461 93.67% ;113,939
1981 493599541 4,062,043 93.17 107,472
1982 4,9309971 4,746,613 96.26 131.078
1983 5,376,210 50122,101 95.27 148,741
1984 5,9950965 (1) 5,786,881 96,51 166t763
1985 6,808,814 (1) 616261734
97.31 161,360
1986 8,516,906 (1) 8,164,114 95.86 228,806
1987 10,8010306 (1) 109474,516 96.97 303,649
1988 12,192,485 (1) 11 74
1,034 96,30 3131376 W 1
1989 12,646,346 (1) 12,2819164 97,11 4411851`
L~ I`I
(1) Denton County Appraisal District .r
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Table 3
I .
j
Total Outstanding
_i Co)),% zions nelinquent
as a Percent Outstanding Taxes as a
Total Tax of Current Delinquent Percent of
I Collections Levy Taxes Current Levy
S 3,6S5,400 96.69%
S 504,633 13.35x
1 4,1690515 95.64
f 685,785 13.43
ij, 408830691 99.04 723,596 74.61 ;
56270,848 98.04 1,065,234 19.81
6,953,644 99.29 11269,189
21.17
6,793,094 99.77 1,359,577 19.97
I~ 8,392j920 98.54 100190080 11.97
101778,165 99.79 100421749 9.65
12,054,409 98.87 110640131 8.73
12,723,016 100.61 1,133,897 8.97
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0
CITY OF DENTON, TEXAS
ASSESSED AND ESTIMATED ACTUAL VALUE OF
TAXA3LE PROPERTY
LAST TEN FISCAL YEARS
' Real Property Personal Property
3
Fiscal Assessed Estimated Assessed Estimated
~
Year Value Actual value Val` ue M Actual Value
1980 $ 229,0229620 s 381,704,366 $ 75,921,060 $126,535,100 T` ! !
1981 2460205,248 410,3421080 919743,693 152,906.164 M '
1982 450,732,259 4500732,259 212,704,824 212.7041824
i 1983 (1) 831,3979479 831,3979419 218,549,070 218,5496070
1984 (1) 9011334,506 901,334,506 226,252,045 226,252,045
1985 (1) 919,9430824 919,943,824 234,092,434 23400929434
h
1986 (1) 1,176,422,567 1,176,4229567 267,1205891 267,1206891 I
' 1987 (1) 1,521,6360234 1,521,6369234
298,827,706 298,827,706
1988 (1) 1,158,860,855 1,758,860,855 291,433,722 291,4350722
1989 (1) 1,833,449,786 1,833,449,786 304,9110159 304,911,169
i
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t (1) Denton Co:!nty Appraisal District
i U
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Table 4
i~
Total Ratio of
f Total Assessed to
Assessed
I 'j Value _ActualYalue Total Estimated
f - Actual
304,9431680 Z 508,239,466 60%
fl I ~ ,
337,948,941 563,248,235 60 f
66324372088 663,431,088 100
t" 1.049,9461549 1,049,9469549 100
k. 1027,586,551 1,121,586,551
100
1,164,036,258 1 184 036
> ~ X258 100
1,443,543,458 1,443,843,458 100
1,820,463,940 1,8209463,940
I DO
2,050,294,511 2050,294,677 100
2,138,360,945 2,138,360,945 100
_J
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Table 5 _
CITY OF DENTON. TEXAS
PROPERTY TAX RATES AND TAX LEVIES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
TAX RATES (Per $100 of Assessed Valuations r
Fiscal School
Year District Coun State Total j
1980 1.2400 1,68 ,6700 .00 3.5900
1981 1.2900 1.25 .7100 .00 3.3104
1982 0.7740 1.22 .2370 .00 2.2310
1983 0.5100 0.73 .1665 .00 1.4065
1984 0.5600 0.81 .2120 .00 1,5820 r
1985 0.5900 0.88 .2116 .00 1.6816 I
1986 0.5900 0.85 .1760 .00 1,6150
1987 0.6900 0.79 .2308 .00 1.6108
1988 0.5928 0.77 .2254 .00 1.5882 r
1989 0.5928 0.83 .2259 .00 1.6487
+ The tax rate decreased in fiscal year 1982 pursuant to an Increase in assessed r
valuation from 60% to 100% of estimated actual value of all taxable property. I
ri
TAX LEVIES -
Fiscal School
year city District County State Total
1980 $3,780,389 $ 7s497,867 $ 30985,872 $ $15,264,128
1981 4,359,541 80323,653 5,463,606 - 18,146,800 _
1982 4,930s971 8,736,514 64846,688 - 20,514x173
1983 5,3760210 8,8471258 9,012x748 - 23,236,216 E..,
1984 5,995,965 9,936,768 940800169 - 26,0120901
1985 6,808,814 11,8331437 10,209,064 - 2808511316
1986 8,616,906 14,290x080 11,164,543 - 33,9710529
1987 10,801,306 16,619x325 190414,002 - 46,834,635 r±
1988 12,192,485 18,284x797 21,497,470 - 51x974,752
1989 12,646x346 20,f 19,393 22,845,154 - 56,100,893
Ir1
.110-
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Table 6
F~
CITY OF DENTON, TEXAS
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
Total
Delinquent Outstanding
Current Current Retio of Assessments Current and
Fiscal Assessment Assessments Collections Collections Delinquent I
Year _ Due Collected to Amount Due Adjustments Assessments
If { 1980 ; ; _ - ;22,587 =157,247
1. 1981 _
110858 1450389
a 1982 - - 7,490 1376899
' 1983 - - - SOO 1370399
1984 549,992 3070005 55.8 5,137 315,249
1985 -
' 960020 2790229
1986 - - 279,229
' 1987 - - 279,229
ih 1988 - - 90,711 1880518
1989 1884518 - - - 1880518
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CITY OF DENTON, TEXAS
RA1 OF BONDED
TO ASSESSEDIVALUENANDGNETRBONDEDD DEBTEPER CAPITA
LAST TEN FISCAL YEARS
41 ~
Fiscal Assessed Value
Year Population Gross
(in thousands) Bonded Debt
1980 $48,063 (2) $ 2889903
1981 $15,215,101 ,
6%912 (3)
304 94
4 15,364,488
1982 53,527 (3) 663t437 (1) 14,247)000
1983
53,892 (3) 1,0491947 1668179500 1984 540413 (3) 1,127.587 16,6521750 -
"I 1985
60,486 (3) 1,1541036 24 280,000
1986
64,365 (3) 1,437,483 23,726,130 C
1987 65,775 (3) 1,920,464
~ 27,966,730
1988 671000 (3) 2,050,295 30,2311730 ,
1989 681550 (3) 21138,361 32,071,730 r
' N1
(1) Assessed value increased due to an increase In assessed valuation from 605
to 1DO% of estimated actual value of taxable property
(2} U.S. Census
(3) City of Denton Planning Departr,±nt (Revised 1988)
1E.~
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Table 7
t
Less
Debt Ratio of Net Net
Bonded Debt
Service Net Bonded
J Funds Bonded Debt To Assessed Debt Per
Value Capita
i S 186062 $15,197,039 5,60 $316
23,030 16,341,458 5.31 296
301831 1412169169 2,14
266
340049 16.783,451
-1,59 311
91,265 15.4610485
..1 1.31 284
606,641 23,674,459 2.05
391
1,2470326 22,479,404 1.65 349 I
7 10695,340 260271,390 1.44 394
tJ 109120928 28,318.802
1.38 423
1,132,060 30,9391670 1.44 461
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Table 8 r
CITY OF DENTON* TEXAS _
3 COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 1984
Net Assessed Value $2213813609945
Plus Exempt Property Total 2349727,080
Total Assessed Value =2,373,088,025
■aasauu.eau
Debt Limit - No debt limit is mandated
by law but the City does recognize
six percent as an economic limitation $ 142,385,282
na
Amount of debt applicable to debt limit- -
Total general obligation bonded debt ;28,956,730
Certificates of obligation 2,585,000
Contractual obligation 530,000 3200719730
Less- Amount in debt service fund available
for payment of principal 11132,060 n'
1• Total Amount of Debt Applicable
to Debt Limit 300939,670 C
Legal Debt Margin $ 111,4451612
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Table 9
CITY OF DENTON, TEXAS
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
t SEPTEMBER 30 1989
_I Percentage Amount
`
Jurisdiction Net Debt Applicable to the Applicable to
Outstandin4 City of Denton (1) City of Denton
City of Denton $30,9399670 100.0% ;30,939,670
f -'!I Denton Independent
School District 38,1S0,000 84.0 32,0460060 `
f Denton County 101915,000 21.2
- 2,326,100 F i
Total $660312,370 ,
su■erer»■
(1) The Percentage Applicable to the City of Denton" is based on the
relative assessed values within the City of Denton,
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Table 10
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 I
Debt Service
Fiscal Total Debt Total Expenditures
Year Principal Interest Service Expenditures (percent)
1980 $ 8450613 ; 898,092 $1,7431105 $12,3540705 14.112 1
II
1981 16117,488 7596235 1,876,723 13,223,974 14.19
1982 1,1230150 7590236 1,882,986 1405941749 12.90
" 1983 110470750 698,811 1,746,561 140889,992 11.72 r `
1984 1,264,750 1,128,108 20392,858 179439,520 13.72
j
1985 1,4170315 1,002,143 20419,528 209782,077 11.64 r +
1986 135,438 21,708 157,146 (2) 2006611081 0.76
1987 860,000 21803,923 3,6630923 2591786485 14.55 j
1988 2,140,773 2,0249010 49164,783 27s747,257 15.01
+w,
f , 1989 3s314,167 2,194,464 5,5081631 32,6691813 16.86
(1) includes General, Special Revenue and Debt Service
(2) Debt Service variance due to 1986 refunding of debt I
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CITY OF OENTON, TEXAS
r-
REVENUE BOND DEBT SERVICE COVERAGE
LAST TEN FISCAL YEARS
I ,
r ~
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Direct, Net Revenue
r Fiscal O grating Operating Available for V
Year Revenue Expenses (1- Debt Service E
Utility System 1980 =250716,209 =20,6341620 $ 4,918,411
1981 30,667,378 25,064,412 5,582,966
1982 3715680915 30,7299685 6,8396230
°f 1983 410376,356 33,236,669 80139,687 j
I i 1984 551639,035 39,7656633 15,873,482
1985 671541,640 52,104,589 15,437,051 L j 15
~t 1986 73,501,978 581911,014 1405960964
I ~M1
1987 73,1209971 599829,407 13,291,564
1988 7313831556 614203,158 12,180,398
1989 77,3650137 60,247,323 17,117,814
(1) Excluding Depreciation.
I,
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-118-
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Table 11
i
Debt Service Requirements
Principal Interest Total Coverage
r' J 51,239,324 51,556,515 I f.
$207950899 1,76
r ~ 1,314,503 1,5310755 2s$469268 1.96
.t 1,298,459
' 1,542,153 2,8400612 2.41
1,540,000 10073,531 2,6136531 3.11
200600000 21336,712 4,396,712 3.61
10735,000 309006606 5,635,606
2,74
2,045,000
39880,181 569256181 2.46
J 2,020,000 3,462,539 6.482,539 2.42
2,115, 000
`U 3,338,428 5,453,428 2423 212508000 3,3880817 5,6389811 3.04
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CITY OF DENTON, TEXAS
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS _
Commercial Construction (1) r
Fiscal Property Value Number
year (in thousands) of Units Value
1980 $ 6080239 290 518,429,869
~i
1981 563,248 202 27,5730759 j
1982 6630437 210 1108461452
1983 1,0490946 221 7407770113
a E 1984 111271587 291 81,2640078
1985 19154,036 545 88+768,781
1986 104434543 450 41,452,104 h
1987 1,8206464 227 46,619,495
1988 20050,294 113 21,9271481
1989 2,4021727 150 31,315,513
a. t
11) City of Oenton Community Services Department Estimate
(2) City of Denton Chamber of Commerce Estimate q
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Table 12
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Residential Construction (1)
Number Bank (2)
of Deposits
Units Value (in thousands)
460 $17,024,635 $2280813
342 1209630987 254,567
683 2602141973 289,979
} 233 26,3861660 3686005 ? .
564 49,2738898 385,000 ;p
1
618 49,995,190 4750179
N I 613 54,472,128 $611819
' 457 33,417,130 457,504
304 24,577,034 448,058
,3+s. 258 21,241,087 642,485
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Table 13
t,
CITY OF DENTON, TEXAS
J
PRINCIPAL TAXPAYERS
- SEPTEMBER 30, 1989
~f
i
Percentage
1988 of Total
(11 Assessed Assessed
Name of Taxpayer Kind of Property Valuation Valuation
Peterbilt/Paccar Diesel Trucks S 590606,833 2.79%
i
Tetra Pak Packing Manufacturing 45,2559815 2.12%
General Telephone Telephone Utility 401925,260 1191%
% Andrew Corp. Electronic Equipment 2204090405 1.05%
Victor Equipment t
Company. Melding Equipment 18,9551309 .8996
kr 35E/288 Joint
- Venture, et al Developer 18,201,864 185%
Notami/lifemark/ Hospital A Professional
Building 17,438,479 182%
AMI North Texas
~i
Acme Brick Brick Manufacturing 16,207,103 .76%
Golden Triangle
Mall Shopping Mall 14,3991277 .67%
{ Denton Center Joint
Venture Shopping Center 14,184,372 .66%
Texas Instruments Electronic
Manufacturing 10,314,283 .48%
` --w----aww--
TOTAL 3211,8981600 13.00%
da ■aa~a~ru~~a
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CITY OF DENTON, TEXAS
i
SCHEDULE OF INSURANCE IN FORCE
SEPTEMBER 301 1989 -
The City of Denton is largely self-insured. This includes but is not limited E
to the first $50,000 of each property loss and $200,000 of each workers'
compensation loss. However, liability policies are purchased for airport,
paramedic/EMT, Police Reserve, recreation program, diesel fuel, and employee
r dishonesty exposures. Losses that are not retained by the City are covered by
various insurance companies including: j"
k
i EXPIRATION
1NSINtANCE COMPANY PREMIUM POLICY W,, DATE
4 w k
1. Arkwright Boston $ 70,670 390659 01-01-92 L~1
2. Arkwright Boston 1190160 290363 10-01-90
3, U,S.A.I.G. 5,050 A20165 10-01-89
(Frank B. Ha11 and Co.)
4. Texas Political Subdivision % of Paid HO 165 10-01-89
(Employer's Casualty Co.) Loss/Contri-
button
5. Lawyer's Surety Co. 4$33 PE8670296 10-01-89
6. Hartford Accident 3 Indemnity 468 46SR233847 01-16-90
7, Industrial Life Ins, Co. 30410 R'tPN-793-911-2011 10-01-90
8. Western World Ins. Co. 6,773 GLA300063 01-31-90
t
-124-
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7 Table 14
i ,
1
f
COVERAGE OINIT
It Boiler and Machinery ; 10,000,000
26 All Risk Coverage
118,400,000
3. Airport and Hanger Keepers Liability 5,000,000
4, Workmen's Compensation a
10,000,000
5, Public Employee Blanket Bond 100,000
6. Denton Police Reserve-Accident, Risk
' 6,000
7, Recreation After School Program 100000 F
8, Ambulance-Professional Liability 5009000
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.125-
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CITY OF DENTOM, TEXAS t
DEMOGRAPHIC STATISTICS J
LAST TEN FISCAL YEARS {
r~
Fiscal Per Capita Median
Year Population (1) Income (1) Age 1)
I~ 1980 48,063 (4) 7,300 (4) 24,9
1981 511912 1,390 25.1 I~
1982 53,527 71500 26,3
n
~I I
, 1983 530842 70800 25.5.
. 1984 541413 8,040 25.8 r
1985 602486 89615 29.2
1986 640365 9,746 27.4
f 1981 65,775 99750 27,5 L I
`i 1988 61,000 90750 21.5;
1989 68,550 * 9,750 28.2*
L.
(1) Planning and Community Devetopaent Department's Estimate
(2) Denton Independent School District Estimate r'
iJ
(3) Texas Employment Commission Estimate
(4) Other Sources Include Census and Commerce Department
* Estimate as of August 1989
s -126-
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Table 15
I'^'1
Educaticn
level In
School Public School
! ( Years (1 Enrollment (2)
1 f,
15.3 8,241
3.4
t i5.5 80200 4.3
8,365 5.8
15.8 8481 6.8 I ,
15.8 8,914 3.6 <
i5.8 9,518
7.5
9919 8.2
1
15.8 9,899
8.4
15.8
10,180
6.2
15.8 10,275*
4
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Table 16
CITY OF DENTON, TEXAS -
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30, 1989
Form of Council-Manager
Area -
Government 61.0 square miles
Area ,
Date of Incorporation September 269 1866
Miles of Streets 4,421
Number of Street Lights
Fire Protection,
Number of stations 4
Number of firemen and officers
(exclusive of volunteer firemen) 92
Police Protection: ~
Number of stations 1
Number of policemen and officers 105 f
# Municipal Electric Departments
Number of customers 27,141
663,000 KWH
j
Annual Electric production 856,663,000 r
Average Monthly Consumption 151 KWH r
Mites of electric line
f y`
Municipal Water Departments
Number of customers 17,928
3 750
Annual Water production ,000,000 gallons
Average Monthly Consumption MsO1oe000 gallons
194 i
Miles of water main
Municipal Wastewater Department:
Number of customers 16 247
Miles of sanitary sewer 321 miles
Annual Wastewater Discharge 3,640,000,000 gallons/year
Building Permits Issued 527
Recreation and Culture: 16 with 542 acres
Number Number of lib of pparksraries 1 Items in circulation 118,317
Employees (All Funds), 204.9 L
Exempt 671.2
Nonexempt
Total 817,1 i
asses
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