HomeMy WebLinkAbout09-30-1990
s CITY OF DENTON ~EXAS
COMPREHENSIVE ANPIUAL FINANCIAL REPORT
*FOR THE FISCAL YEA ENDEDSEPTEMBER 30, 1990 r
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CITY OF DENTON
j COMPREHENSIVE ANNUAL FINANCIAL REPORT
For the fiscal year ended September 30. 1990
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Prepared by the ;
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FINANCE DEPARTMENT
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CITY MANAGER 1
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Lloyd V. Harrell
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EXECUTIVE DIRECTOR OF FINANCE
John F, McGran! e
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TABLE OF CONTENTS
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INTRODUCTORY SECTION:
Transmittal Letter t
Certificate of Achievement X.
Organization Chart
List of Officials xii
FINANCIAL SECTION:
1
Auditors' Report
General Purpose Financial Statements-
t Combined Balance Sheet - 411 Fund Types and Account Groups 2
1 Combined Statement of Revenues, Expenditures and Coanges in Fund
Balances - All Governmental Fund Types and FxpP.ndable Trust Funds........ 8 1.
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
j Budget and Actual - General, Special Revenue a•J Debt Service
Funds. 10
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings - All Proprietary Fund Types 12 f,
j Combined Statement of Changes in Financial Position - All Proprietary L4
Fund Types. 14
Notes to Financial Statements 17
Combining and Individual Fund Financial Statements-and Schedules- t.i
Combining Balance Sheet - All Special Revenue Funds 46
S Combining Statement of Revenues, Expenditures and Changes
i in Fund Balances - All Special Revenue Funds 48
Combining Balan:e Sheet - All Capital Projects Funds 52
j Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - All Capital Projects Funds 54,
Combining Balance Sheet - All Enterprise Funds 58 u
Combining Statement of Revenues, Exo nses and Changes in Retained
Earnings - All Enterprise Funds 62
Combining Statement of Changes in Financial Position - All
Enterprise Funds 64 ,
Schedule of Revenues, Expenses and Changes in Retained
Earnings - Budget and Actual - All Enterprise Funds 66
Combining Balance Sheet - Utility System 68
Combining Schedule of Revenues, Expenses and Changes
in Retained Earnings - Utility System 72
Combining Balance Sheet - All Internal Service Funds 76
Combining Statement of Revenues, Expenses and Changes in
Retained Earnings - All Internal Service Funds 18 r- j
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Combining Statement of Changes in Financial Fosition - All
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
Supplemental Financial Information-
General Fund - Schedule of Expenditures - Budget and Actual 90
STATISTICAL SECTION (UNAUDITED):
Table
1 General Government Expenditures by Function Last Ten Fiscal Years...,, 102
2 General Revenues by Source Last Ten Fiscal Years 104
j 3 Property Tax Levies and Collections Last Ten Fiscal Years 106
4 Assessed and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years...'
ears 108
S Property Tax Rates and Tax.Levies - All Overlapping Governments
Last Ten Fiscal Years 110
6 Special Assessment Collections last Ten Fiscal Years 111 f
` Net General Bonded Debt to Assessed Value and Net
% Bonded N
7 Ratio of Debt Per Capita Last Ten Fiscal Years 112
8 Computation of Legal Debt Margin,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 114
9 Computation of Direct and Overlapping Debt 115 J '
la 10 Ratio of Annual Debt Service Expenditures for General
Bond Debt
Years lie
Revenue Bonded
Debt Total Service General
CoverageExpenditures
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- Last e Ten Fiscal Ten
12 Property Value, Construction and Bank Deposits - Last Ten Fiscal Years... 120
13 Principal Taxpayers 123
14 Schedule of Insurance in Force............ 124 I
15 Demographic Statistics - Last Ten Fiscal Years 126
16 Miscellaneous Statistical Oats............ 128
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wry of DsNTON J 215 F. McKinney / Denton, Texas 76201
January 22, 1991
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TO: The Honorable Mayor, Members of City Council and Citizens of the City of
Denton
Submitted herewith is a copy of the Comp-:hensive Annual Financial Report
of the City of Denton for the fiscal year ended September 30, 1990. The
responsibility for both the accuracy of the presented information and the
completeness and fairness of the presentation of the data, including all
disclosures, rests with the City. To the best of our knowledge and belief,
the enclosed data are accurate in all material respects and are reported in a
manner designed to present fairly the end results of operations of the various I
funds and account groups of the City. All disclosures necessary to enable the
reader to gain an understanding of the City's financial activities have been
included. The Comprehensive Annual Financial Report is presented in three
sections: introductory, financial and statistical. The introductory section
includes this transmittal letter, the City's organizational chart, and a list
4 of principal officials. The financial section includes the general purpose
financial statements, the combining and individual fund and account group
financial statements and schedules, as well as the Auditor's Report on the
financial statements and schedules. The statistical section includes selected
financial and demographic information, generally represented on a multi-year I f
basis. y
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' This report includes all funds and account groups of the Cityl The City I
provides a full range of services, which include police and fire Droteetion; ;
sanitation services; the construction and maintenance of highways, streets and
infra-structure; and water, wastewater and electric utilities.
Economic Condition and.0 to look
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the economic condition and outlook for the City of Denton is promising,
but the local economy has experienced a period of slow dawn. The opening of
J the new Texas instruments plant in Northwest Denton and the expansion of the
Peterbilt Motors (Paccar) plant have both played a large part in maintaining
the Denton economy. Over the last two years the City's tax base has grown by
only 4%, whereas tax base growth was as much as 26% and 13% in fiscal years
1981 and 1988 respectively.
In July of 1990, Denton began the construction for the home of a Camping
World facility, which is anticipated to contribute $4 million in annual sales
to the local economy. Major economic development efforts during fiscal year
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Transmittal Letter (continued)
Economic Condition and Outlook, continued
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1989-90 also included final and serious consideration as a site for a new 1700
million Matsushita electronics plant and a 146 million Food Lion distrioution
center. I
The economic effect of the new Alliance Airport in Denton and Tarrant
Counties should provide future economic expansion opportunities. Alliance is
located only 15 miles south of Denton on the Interstate Highway System on "
35 West. M. Ray Perryman Consultants, Inc., projects that the Alliance
Airport economic impact should include 9,164 permanent jobs in the Fort Worth
PMSA, 1102.8 million a year additional local spending and 1234.4 million in
employee earnings. i
Ma.ior Initiatives
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 1989-90 was a difficult process. The City, encountering
tremendous growth in the early 1980s, began experiencing only limited growth
in 1989. The loss of property tax values in multi-unit residential and small
E commercial units was offset by industrial growth gains. In preparing the
budget, the City knew that fiscal year 1989-90 would be one of continuing
challenge. Past growth had placed enormous strains on manpower, equipment and E
infra-structure. The flow of revenues that had accompanied growth trends was I
stagnating by the slowing economic conditions throughout the area. Revenue
bases that would typically be expanding by annual increases of 10% to 15% had
slowed to 1% to 5%, and in some cases were actually declining, especially in "
the building activity areas. It was anticipated that this situation would u
only be a short term condition due to a more diversified economy and, as
hoped, the metroplex economy is once again on the upswing. Commitments by
` manufacturing firms and other developments mentioned earlier will add
significantly to the employment and revenue bases. Long term projections for
Denton still indicate continued growth and expansion well beyond the year
2000. The 1989-90 budget challenge was to stay poised and ready to handle the
future expansion without erastically reducing current service levels. In all
funds, personnel additions included those positions that were determined a
priority by the City Council, were absolutely essential, or would pay for
themselves through increased revenue collections. In addition to the L
uncertainty of federal, state and local economies, a conservative approach was
taken in budgeting both revenues and expenditures. Despite a generally C
conservative stance, the budget maintained the level of service which the
citizens of Denton had come to expect, as well as included some major
initiatives as determined by City Council.
Overall the budget was viewed as a positive plan in light of the local
economy. A total of 5.4 positions were eliminated to help fund a net of 23.1
new positions in the General Fund, 17 of which were for public safety. This
new public safety funding initiative included 6 new dispatchers for the new L-
E911 system, 6 new patrol officers to continue new community oriented policing j
programs, a 3-member narcotics unit, and 2 grant-funded positions for drug
awareness and child abuse efforts. j
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Transmittal Letter (continued)
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Major Initiatives, continued e r 1989-90 major regardthto Initfatives
as enhancements
well sas with
G
eographic Information System (GIS) with support in the form of a new GIS data
base
except adfomirnistrator. ti, psalar adjustments were 4% for rofessional management/s pervision l and b exfamilies
ecutive
levels. These job families received a 2 1/2% adjustment.
For the Future - As indicated earlier, the City has embarked upon an f
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 should help facilitate future growth and attract industrial
prospects like those mentioned previously. The Utilities Department has also
established within its Capital Improvements Program (CIP), a $500,000
assistance program to aid in the construction of water and sewer lines for
industrial and residential development.
E In addition, the Planning Department has developed the Main Street
Program, which began in the 1988-89 budget year. Tr,e Coordinator works in ,
conjunction with the State's main street program in order to revitalize the
downtown area.
The Capital Improvements Program (CIP has b
expand the City's infra-structure. ) been developed to maintain and
The CIP plan calls s for for expansion of the
library, two additional fire stations, expanded parks and recreational
facilities and the building of a new law enforcement center. The CIP also
j plans for maintenance and improvements on existing streets and the development
of future streets within the City of Denton. In addition, the CIP addresses a
master drainage plan and will assist in the development of traffic
M signalization throughout the City.
The Utilities Capital Improvement Plan includes the building of a new
water treatment plant. This improvement, along with the opening of Ray
Roberts Water Reservoir in 1988-89, will provide adequate water supply to the '
City well beyond the year 2000.
l ► r financial Informa sqn
The management team
Of the City
E~ maintaining an internal control structure s designed itoee sfor ureestablishing thatthesets
of the City are protected from loss, theft or misuse and to ensure that
adequate accounting data are compiled to allow for the preparation of
financial statements in conformity #aith generally accepted accounting
principles. The internal control structure is designed to provide but not absolute assurance that these objectives are met. The co cept
bof
reasonable assurance recognizes that (1) the cost of the controls should not
exceed the benefits likely to be derived, and, (2) the valuation of cost and
benefits requires estimates and judgments by management.
JJWe Audit
As a recipient of federal and state assistance, the City also is
responsible for insuring that an adequate internal control structure 1s in
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Transmittal letter (continued)
Single Audit, continued
place to ensure compliance with applicable laws and regulations related both
to the state and federal programs. This internal control structure is subject
to periodic evaluation by management and the outside auditors of the City's
financial statements. As a part of the City's single audit, tests are made to
determine the adequacy of the internal control structure including that
portion related to the federal financial assistance programs, as well as to
determine that the City has complied with applicable laws and regulations.
The result of the City's single audit of the fiscal year arded
September 30, 1990 provided no irstances of material weaknesses in the
internal control structure or significant violations of applicable laws and
regulations.
8udaetino Controls
I The City maintains budgetary controls to ensure compliance of legal ,
j 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
legally exceed the appropriated amount) is established by function activity
within an individual fund. The City also maintains an encumbrance accounting
system as one technique of accomplishing budgetary controls, and a technique `
of budgetary "lock out" which will prevent a transaction from exceeding
legally appropriated budgetary amounts.
As demonstrated by the statements and schedules included in the financial
section of this report, the City continues to most its responsibility for
sound financial management.
Genera) Governmental Functions
The following schedule represents a summary of Genera) Fund, Special )
Revenue Funds and Oebt Service Funds for the fiscal year ended September 30,
1990 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 Amount of Total r 1989 iD4sSeil1
Taxes $18,997 72.77% 3 423 2.27%
Licenses 6 Permits 261 1.00 38 17.04
Franchise Fees 577 2.21 (18) (.30)
Fines 6 Forfeitures 102se 4.82 25 2.03
Fees for Services 1,298 4.97 0 .00
interest 748 2.87 (60) (7.43)
InterernmaaLal 1.406 5.69 (201) (28,32)
Miscellananeou~~ 1,406
TOTAL
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Transmittal letter (continued)
General Governmental Functions, continued
The most significant increase in General Fund revenues from a continual
source was again in the tax category. This increase is attributable to a
small increase in property tax valuation and the tax rate. The property tax
value increased marginally by approximately $641 thousand as compared to the
1988 tax year, and the tax rate was increased from 6.5928 to 5.6183 per $100
of assessed valuation.
The second largest tax source is sales tax which increased $40,000 from
the prior year. The City receives 19 of the 7 1/4% sales tax collected on
sales occurring within the City.
The category of revenues that is associated with building activities,
(i.e., inspections, permits, licenses, etc.) was down by $24,000 because of
the continuing decrease in building trade activity.
The miscellaneous category of revenues rose primarily due to healthy
f investment earnings and an increase in charges for street cuts.
The following schedule presents a summary of General Fund, Special
Revenue Funds, and Debt Service Funds expenditures for the fiscal year ended
September 30, 1990, 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
i Expenditures Percent (Decrease)) Increase
A--!!R"><' f9 Total r 1989 Uecreasel
j Current! j
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r General Government $100470 32.03% $ (312) (3.43)%
f Public Safety 100185 31.16 1,035 11.31
Public Works 4,228 12.93 (139) (3.18)
Parks 6 Recreation 2,646 8.09 248 10.34 f
Capital Outlay 575 1.76 111 42.33
Debt Services.
Principal 2,263 6.92 (10051) (31.71) j
Interest 6 fiscal
Charges ,
2,323 7.11 . 128 5.83
1nil, nil% $~,,,2Q 0.06% i
As in the prior year, the primary reasons for the increase in operating
expenditures were salary and wage pay for performance increases and increased
health insurance costs. Additional public safety and beautification programs
also accounted for expenditure increases.
The significant increase in debt service expenditures was due to debt
issuance in 1987, 1988 and 1989. In December, 1966, voters approved a $21.6
million Capital Improvement Program that was to be phased over a five-year
r period. The first of the five annual bond issues of $3,500,000 for General
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Letter of Transmittal (continued)
f General Governmental Functions, continued
Obligation Bonds was sold in April of 1987. An additional $1,600,000 of _
Certificates of obligation 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. The second of five annual bond issues of $3,600,000 for
General obligation Bonds was sold in March of 1988. An additional $775,000 of -
Certificates of Obligation were issued during the year for Motor Pool vehicles.
Also, as part of the acceptable 1986 bond election, $3,615,000 for General _
Obligation Bonds was sold in 1989. These 1989 bonds were sold for the purpose
of street and traffic control improvements, drainage improvements, park and i
library system improvements, fire station construction and equipping, and law
enforcement/court building construction. Additional $1,155,000 and $1.550,000
in Certificates of Obligation were also issued in 1989 for improvements to the
City's Municipal Building and Civic Center, equipment and machinery purchases, 1
G1S computer mapping, telephone improvements and garage improvements.
General Fund Balance
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€ The fund balance of the General Fund increased by 13.8% in 1990. The " f
1 fund balance provides the City with an average of 46 working days of
expenditures. However, $337,302 of the balance is reserved for encumbrances.
in addition, within the unreserved portion of the fund balance, $518,649 of
the balance is designated for subsequent year expenditures.
Proprietary Operations r-
Enterprise Operations
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The City's Enterprise operations consist of a utility system which r
provides for electric, water and wastewater services. The Enterprise
Operations also include sanitation services for residential, commercial and
landfill operations,
~ to the Water Fund there was an 8.5% rate increase which raised the
average monthly water bill, based on 10,000 gallons of water, by $1.70 per
f month. Wastewater/sewer rates increased 8.59. This new rate will cause the j
average monthly residential sewer bill to increase from $11.34 to $11.75, L
resulting in a $.41 per month increase. A water rate study is presently
Lj underway to determine the cost allocation and rate designs for specific customer classes. Electric rates experienced no increases
for the year. iF
The Sanitation Fund had a rate increase of $.25 per month for residential
customers. There was an $.08 per cubic yard increase in rates for commercial t3
roll off customers, a $.02 increase in rates per cubic yard to permit
customers, and a $.09 increase per cubic yard for contract customers using
compaction equipment or bringing in building material to the landfill. The
rate increase was necessary to compensate for the surcharge of, $.50 per tot
nndated by State legislation. This surcharge will help fund the State Health
Oepartment's landfill permitting system.
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Letter of Transmittal (continued) 1
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Proprietary Operations, continued
Internal service Operations
The Internal Service Operations consist of the Working Capital and Motor
Pool Funds. The Working Capital Fund accounts for the financing of goods and
services provided by the Municipal Garage, Warehouse and Machine Shop to other
City departments. The Motor Pool Fund is responsible for the purchase of City
vehicles not budgeted in other funds.
Fiduciary Operations
Expendable Trust Fund
The Employee Insurance Fund accounts for the accumulation of resources
for the payment of insurance policies and employee insurance claims still
outstanding.
Agency Funds
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The Agency Funds consist of Payroll and Deferred Compensation. The
1 Payroll Fund is responsible for the collection and payment of the City's
payroll and associated liabilities. The Deferred Compensation Fund accounts
for City employees' investments in a deferred compensation plan.
Oebt Administration I
ry At September 30, 1990, the City had $26,846,730 in General Obligation
Bonds outstanding, $53,659,188 in cote Payable to the Corps of Engineers,
$270,000 in Contractual Obligations, $4,995,000 In Certificates of Obligation
and $58,610,000 of Utility System Revenue Bonds. The Contractual Obligations
are used to finance the purchase of equipment on an annual basis with a
three-year pay-back period. The City has maintained an 'Aa' rating from `
Standard and Poor's Corporation and an 'A-1' rating from Moody 's Investors
Service, Inc. on its General Obligation Bonds. Utility Revenue System Bonds
have maintained an 'A' rating from Moody's Investors Service, Inc., and an
'A+' rating from Standard and Poor's Corporation.
1 -1 As was mentioned earlier, the City has developed a plan for issuing E
annual General Obligation Bonds that were aroved by the voters in a
five-year capital improvements plan. The Certippficates of Obligation are used
for short-term construction projects and financing motor pool vehicles. The
City also anticipates issuing utility system revenue bonds for the
construction of 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
the form of NOW accounts, certificates of deposits, U.S. Treasury Issues and
Federal government agency instrumentalities. On August 31, 1990 the
annualized yield on investments was 8.221, compared to 8.72% and 7.14% for the
same period in 1989 and 1988 respectively. Investable funds as of
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Letter of Transmittal (continued)
Cash Management, continued
September 30, 1990 were $79.2 million, which is an increase from $56.2 million
in 1989 and $48.5 million in 1988. Investment maturities have been lengthened
from 58 days in 1987 to 868 days in 1990. As of September 30, 1990, the
city's average yield on investments was 8.26% compared to 8.58% for the same
period in 1989. The City's investment policy is to maximize yield with a ■
minimal amount of risk while maintaining an actively competitive yield on its
portfolio. Accordingly, all of the City's deposits are either insured by the
federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance
Corporation, or are collateralized by governmental securities. All collateral
on the deposits is held by a third party financial institution's trust '
department in the City of Denton's name. The investments of the Deferred e ,
Compensation Fund in which the City participates are held separately from a
those of other City funds by an outside trustee appointed by the City. State ti $
statutes authorize the City to invest in obligations of the U.S. Treasury and
U.S. agencies, obligations of the State of Texas and related agencies,
repurchase agreements and municipal securities of any state rated 'A` or above
by Standard and Poor's Corporation or Moody's Investors Service, Inc,
Risk Management
11
During 1990, the City continued its risk management program for the City
of Denton. In 1987, the City contracted to have an actuarial study to project n
the City's property, workers' compensation, and liability costs over a five- j,;
year period. The following schedule represents the projected costs as done by
the actuarial study compared to the actual costs that the City experienced as
of September 30, 1990. This schedule, as presented, is expressed in thousands.
Workers' Program
Property Compensation Liability Cost Transfer
I FY 190 Projected $50 $229 5303 $582 $30
FY 190 Actual 51 218 172 441 3s 1
As part of the comprehensive plan, the City does participate in a self
insurance fund for its property and casualty liability, along with workers'
compensation benefits. Reserves are being accumulated in the fund to meet
potential future losses. In addition, the City's risk manager has initiated
various programs to control risk and to train employees in safety standards3
for the prevention of future losses by the City.
Independent Audit
The City Charter requires an independent audit of the accounts of the
City by an independent auditor. The accounting firm of Deloitte 6 Touche,
CPA s, 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 most the requirements of the Federal Single Audit Act of
1984 and related 0M8 Circular A-128.
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Letter of Transmittal (continued)
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Awards
I
The Government Finance Officers Association (GFOA) awarded a Certificate
of Achievement for Excellence in Financial Reporting to the City for its
Comprehensive Annual Financial Report for the fiscal year ended September 30,
1989. In order to be awarded the Certificate of Achievement in Financial
Reporting, 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 ',car only. We believe
that our current Comprehensive Annual Financial Report continues to meet the
Certificate of Achievement requirements and we are submitting it to the GFOA
to determine its eligibility for another certificate.
The City has also received the GFOA's award for Distinguished Budget
Presentation for its 1990 annual appropriation budget, receiving its highest
rating to date. In order to qualify for the Distinguished Budget Presentation
k Award, the city's budget document was fudged to be proficient in several
categories including pslicy documentation, financial planning, and
organization. The City has submitted its 1991 budget to the GFOA to determine
~I its eligibility for another certificate. We believe that it continues to meet
I the Oistingolshed Budget Presentation Award criteria.
,I
} Acknowledgmentt
I would like to thank the Finance Department staff, the department'
directors and division heads for their diligent efforts in the preparation of
the annual financial report. A tremendous amount of time and effort went into
the development of this report, especially by the Finance Administration
staff. I would also like to thank the City Council. It is their strong j
^1 leadership and faithful support of the City that helped make the presentation
KJ of this report possible.
irterely,
I
ohn FivMcGrane
Execute Director of Finance'
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Denton,
Texas
For Its Comprehensive Annual T1
` a Financial Report
for the Fiscal Year Ended
September 30, 1989
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CITY OF DEN70N
` List of Principal Officials
ii September 30, 1990
Elected Officials
~ Title r
Name
Mayor Bob Castleberry t
h Mayor Pro-Tem `
Randall Boyd
Councilmember Jim Alexander
I Counci lmember Hugh Ayer
i
! Councilmember sA~
Bob Garton I
Councllmember
r Jane Hopkins ~
Councilmember John Trent
City Officials
Title Na--~_
~ r
City Manager Lloyd V. Harrell
Deputy City Manager Rick Svehla
Executive Director for Finance John F, McGrane
Executive Director for Utilities R. E, Nelson 'li
Executive Director of Planning and
Community Development Frank Robbins
Executive Director for Municipal
Services and Economic Development Betty McKean
City Attorney Debra Drayovitch
Ponce Chief Michael Jet
Fire Chief
John L. Cook
City Secretary
Jennifer Walters x
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NOW &
Touche
801 Cherry Street, Sude 2330 Metro 18171654 2777 ~
Fort Worth, Texas 76102.6801
Te'ephcne (817) 347-3300
INDEPENDENT AUDITORS' REPORT 1
The Honorable Mayor and Members
of the City Council j
City of Denton, Texas:
We have audited the accompanying general purpose financial statements of the
City of Denton, Texas ("City"), as of September 30, 1990 and for the yeir then
ended, listed in the table of contents. These general purpose financial
statements are the responsibility of the City's management. Our
responsibility is to express an opinion on these general purpose financial
statements based on our audit.
We conducted our audit in accordance with generally accepted auditing
standards. 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 misstatements An audit includes examining, on
a test basis, evidence supporting the amounts and disclosures to the general
purpose financial statemants. An audit also includes assessing the accounting
principles used sad significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements present fairly, in
all material respects, the financial position of the City at September 30s
1990 and the results of its operations and the cbaages in financial position
of its proprietary fund types for the year than ended, in conformity with
generally accepted accounting principles.
('ur audit was conducted for the purpose of forming an opinion on the general
~f purpose financial statements taken as a wholes The combining and individual
fund end account group financial statements and schedules listed in the
foregoing table of contentsp which are also the responsibility of the
management of the City, are presented for purposes of additional analysis and
are not a requirod part of the general purpose financial statements of the
Citys Such additional. Information two been subjected to the auditing !
procedures applied is our audit of the general purpose fimameial statements
and, in our opinion, is fairly statAd in all material respects when considered
in relation to the general purpose financial statements taken as a wholes I
December 31 1990
MemOer
O RT Inlemabonal ,1.
)
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-R
CITY OF DENTON, TEXAS
4
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT CROUPS
SEPTEMBER 30, 1990
r
Governmental Fund Tyoes s
Special Debt Capital i
ASSETS AND OTHER DEBITS General Revenue Service Prot B1
Cash and deposits (Note 2) = 8,066 { 524,651 18,753 { 616,094
lovestments (Note 2) 4,324,004 - 164,050 10,102,001
Reuivables (net of allowances
for uncollectibles)- - - - i'
Taxes 668,975
Accounts - - - - !1
Unbilied utility service - - - FI
Special assessments - - 89,111 -
Accrued interest 714354 g,ll3 225,153
4024264 11,601
Other
out from other funds (Note 11) 414,254 33S,000 - S6S,000
Due from other governments - 164,648 = 28,342
1lerchardise inventory
Deferred bond issuance costs
Restricted assets (Note 4) -
t Cash and deposits (Note 2) - fl }
ra lnvestnrents (Note 2)
Accrued interest
rir we from other funds (Note 11) - - -
Advance to Sanitation Fund (Note 11) - - - " '
Fixed assets (net, where
applicable, of accunulated
depreciation) (Note 3)
Aneunt available in Debt
Service Fund - - -
Amount to be provided for
retirm t of long-terei
liabilities
Total Assets
and Other Debits $fig >jLram $Ulm f]1.i13e,190
yy
The accompanying notes to financial statements are an Integral part of this stateMasnl,
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Fiduciary Totals
- _Proorletary Fund Types, Fund Ives Account Groups 1Mwrandum Only)
Trust General General
Internal and Fixed Long-Term September 30, Septe*or 30,
Enterprise Service Agency Assets liabilities 1990 1989
{ 164,081 f 12,064 f 818,019 = - - = 2,312,540 = 13,149,821
39,190,120 4,422,505 2,960,237 - - 62,011,511 39,163,374
i
668,915 609,111 ,
4,955,741 50,722 - - - 5,006,463 4,603,311
-a 4,983,232 = = - ~ 1,983,232 5,511,295
84,117 1868153
f f 943,156 - 50,571 - - 11300,517 8118,625
681,403 - 46,331 - - 1,1/8,102 128,615 S'
8,934,111 - 664,500 - - 10,972,865 1,513,813 4r
v - - - - - 212,990 167,11S
1,551,931 1,560,648 - - - 3,115,582 1,041,960
930,642 - - - - 930,812 890,641
,o
5670301 - - - - 561,300 5,110,31!
14,01002/1 - - - - 11,010,241 6,190,112
1310193 - - - - 134,103 84,306
323,322 - - - - 323,322 j
500,000 - - - - 500,000
~'r 1 713,288,823 20920,945 - 16,123,207 - 222,333,025 215,0071526 17
i
3 - - - 722,116 722,476 1,132,060
30.2u 34.S16.T60 d~
f =l.02i tip fsuSilabLl ~I&323aZOZ $Nju a fAlaN" f32pajlpaA ~
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7
. CITY OF DENTON, TEXAS 777
COMINEO BALANCE SHEET - ALL FUND TYPES AND A0006NT GROUPS (CONTINUED)
SEPTEMBER 30. 1990 ;
i
Governm ntai Fund Types
1 1
LIABILITIES, EQUITY Special Debt capita) i
AND OTHER CREDITS General Revenue Service Projoc
C
Liabilities:
Accounts payable and accrued
expenses >i 629,8S3 f 45,111 : 967 { 402,495
Retainage payable - - - 150,914
1I Accrued vacation and
sick leave (Note 4) -
Deposits 65,000 - - -
Payable from restricted assets
' (Note Q.
Accrued Interest
Revenue bonds payable, - - r
current - -
1 Out to other funds (Note 11) 342,200 88,120 - 5610840 r
a ll4 Advance from Utility j
A4I
Fund (Note 11) -
Deferred revenues 161,819 111361 2189190 42,351 ' a
Leases payable (Notts 4 and 5) - - -
1 inneral obligation bonds
{ i payable (Note 4) - - - -
Certificates of obligation
(Note 4) - - - -
Revenue bonds parable (net
of bond discount) (Note 4) - - - - `
dales payable +
Note payable (Note 4) - - -
1
3 Total Liabilities, 51611 Z $ISM SO= lihmm
f
The accospanyinp notes to financial statownts are in integral part of this statement.
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Fiduciary Totals
Proprietary NO Types Fund Types Account Groups (S worardw Only)
Trust General General
Internal and Fixed Long-Term SeptonUr 30, September 30,
Entenrlse Service Agency Assets Liabilities 1990 1989
$ 2,714,923 $ 288,354 $1,303,800 $ - $ - { S,38S,503 = 8,S28,073
111,644 - - - - 268,618 347,149
445,573 21,469 - - 2,393,124 2,860,166 20614,008
1,137,194 - - - - 1,202,194 1,010,226
!,570,449
- - - - 1,579,449 10183,319
3,022,850 31022,850 2,553,200
8,937,364 1,364,663 - - 11,2961187 7. W,8113
500,000 - - - - 500 p'
.000 -
i
r.. - - - 433,121 641,052
- 3S,218 - - 60,763 95,981 100,266
. , 1,055,371 - - - 25,668,SQ9 26,723,880 21,83,530
- 2,430.000 - 2,835,000 5,265,000 30115,000 fJ
55,110,000 - - - 55,710,000 38,610,000 ,
923,459 - 923,458 -
.
53.6S9.1N 53.659.1a 53.109.873
$1Z1.LU" $4 $LeiLi.i6a $1Ne91i" $1W,i04asi4 ;
a r
(Conti Ned)
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CCM214E0 BALANCE SHEET . ALL FUND TYPES ANO Ac
EPTEHBEA 30 1990 COUNT GROUPS (cONT1NUE0) ,
I
verrnaental Fund T f
s
I LIABILITIES, EQU1ry
AND OTHER CREDITS aPR
0eneral Special OeDk capital s`I
j W rnue Ser_ vice Pro ect
fund Equity:
j Contributed capital.
From other eunIClpalItIS$
or governmental units _
]n aid of construction
lnvesUaalnt In
assets general fray
Retalned -
earnings.
fh Reserry for bond retirement
(Note e)
Unreserved
Fund balances-
Reserved for debt service
Reserved for encLftrances 122,,16
Worry for capital 331,302 1510161 -
f Unreserved- projects _ - 1,831,956 ~ y
! 00919606d for subs 8,5110511
EJ Mumk
-"art' expenditdres
U~slQnated SIA,619 153,553 _ a
Total Equity and
' Other trysts
Total LlabIlItiu, m,.
Equity and p
Other Credits i=3Y~ iLOii,yp~ mum
;"Lei3Z.19G
The aec
oWnyln8 notes to financlal stata%nks are an Integral park of this statasaent.
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fiduciary Totals
Proprietary Fund Types Fu Types Account Groups (Mennrdnlum Only)
Trust General General
Internal and Fixed tong-Term Septem!er 30, SeptedAr, 30,
Enterprise Service AoenCy Assets Llabilltles 1990 1989
7
1j 14,903,082 $4,16+,177 4 - _ - { - : 19,010,259 : 18,181,416
21,432,263 - - - - 21,432,263 21,091,310
`-1
1 - - 76,123,207 - 76,123,201 70,339,126
10,441,168 - - - - 10,141,168 8,653,741
45,821,627 724,053 - - - 46,545,660 41,311,442
722,476 1,132,060
2,327,019 2,906,332
x - - - - - 8,541,514 11,567,832
1,212,202 11262,144
2,350.102 6,244.4% 5,378,560
i
-
92.548.740 4.@91.230 2.350.102 6 11 . 23.201 192._,0.944 102,430,561
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3 4
CITT OF DENTON TEXAS
w' COMBINED STATEMENT OF REVENUES EXPENDITURES MO CHANGES IN FUND BALANCES _
ALL GOVERNMENTAL FUND TYPES ANO EXPENDABLE TRUST FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Governmental Fund 7 es
Special Debt capital
REVENUES: General Revenue Service
Taxes ce Pro ects
licenses and permits fIS,223,834
f f3, 772,998 f
i Franchise feet 261,080 _
Fines and forfeitures 571,186 `
Fees for services 1.257,651
Interest revenue 896,275 484,731 '
Inter9overrmental 568,677 9,755 169,769 1'59,206 ,
Contributions 454,436 1,025,733 18,116
Miscellaneous - -
7---5,047. -MA-41 225 041 )
_12.637
To 1
cal Revenues 19 9. 95.486 1 9 1861 4 167 808 r
EXPENDITURES: _7_90j 0 11
r
Wren-
General a
pYerrvnent 81982,002 1.488 290 ¢
Public safety 10n 851 +
Public works , 105,965 -
r Parks and recreation 4.220,451 - k-~
h 1 aapOpther oo~V 2,159,550 486,142
_ ll
" Doltt 8 tal vicay 420,923 153,798 - 5,503,091 I
Prlnc~pal retircement
Interest and fiseal charges - 1
_ 2,363231092
Total EXpenditures 5869 7 -
EXCESS Of
REVENUES OVER (DR)
EXPENDITURES S 81 38 } 331) 118 6
OTHER FINANCING SOURCES (USES): 4) L 113.08/)
Protts of 1 -term ebt i
WO atin triniferi out 7 1• 108,191 ISO,D00
Total 0th+r Finaneinp -
Source Uses) 6./60.289 108.194 9.050 ~•1
EXCESS OF REVENUES ANO OTHER SOURCES
OVER (UNDER) EXPENDITURES AND
OTHER USES
FUND BA 575)912 126/160
(409,e
.84) (3,543,08BALANCES - October I AM AM 1 IS 9.132.060 3
FM BALANCES - September 30 1 ~4.~ M
The aeeampanying notes to financial statements are an Integral part of this statement.
4
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Totals
F (Memorandum Only)
iduci ary
Fund Type Year Ended
Expendable
Tru September 30. 1990 September 30. 1989
19,2%,8032 $18,224'156
577,186 595;142
1,257,651 1,232,766
- 1,381,006 1,298,206
222,754 1,730,161 2,150,247
1,498,845 1,715,110
9, 9,552 5,251,111
l 4,050,731 731 131 5 .16S,892 2.251 661
4,293,037 31.178.205 33.297.809
_ 10,470,382 10,842,100
'
J 14'2258'451 4'37287
4,151,602 1;151;602 2;9989660
6 071 B18 6:124,529
2,263,092 30314,167 f a
_2.323.350 2 i 416
/•151.602 42,34S.20 41.3e9.469
i
131.435 (11,167,004) 8( .091.560)
1,150,000 4,015,000 '
- 7 4`8,9441 6 S~S 8;601} I
_ 8. 27,443 9,979.6
20
131,43S (3,139,161) 1,887,960 I
2.21~Q 46_? 22246.426 20.358.968 i
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` CITY OF DENTON, TEYAS
1
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND
BALANCES - BUDGET AND ACTUAL - GENEFUL, SPECIAL REVENUE AND DEBT
SER"ICE FUNDS (NOTE 10
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
General Fund
Varlance- 1
Favorable
Wed Actual 1Un/aroraDfel
REVENUES:
Taxes =15,189,890 $IS,223,$34 $ 33,944
Lim$ s and permits 224,700 261,080 36,360 j
franchtse fees (16,814)
Fines and forfeitures 1,256;6009 1,251;651 1,032
Fees for services 1 081 985 896 21S (165110) i
Interest revenue X425:000 568;677 143:677
.
Interpovermental 484,953 454,936 Contr Mons (30,0I7)
Miscellaneous _ 507,614 745.841 247.233
Total Revenues 19.758.161 19.985.406 226.125
r. ; EXCurrolnt-FS:
General governnnt 9,822,264 B, 842,222 980,042
PublC safety 10,100,382 10,051,268 43,114
Public works 4 228 823 4 134,093 94 730
Parks and recreation
2,235.629 2,164,/05 71 221
e ,
A her
~ep0
4 Debetal[outlay 396,326 342,4S7 53,869 '
' PH nelPat retlrownt -
Interest and fiscal charges -
1 Total Expenditures 26,783,424 25, 50,
EXCESS Of REVENUES OVER
(UNDER) EXPENDITURES
c7•o24.663 I
1 1.164.104
1
OTHER FINANCING SOURCES (USES):
Prod~s of loo0-te debt
Oppeeratln transfers out 7,011,663 1,Q011* A y.
I
Total Other Fl uncln4
Sources (Uses) 1.014.663 6.460.294 (254,364) r
I EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND OTHER USES (10,000) 905,340 9150340
FUND BALANCES, October 1 3,473,955 _4,174,133 700,171
FUND BALANCES, Sept4sder 30 f ! gSR S s-° =t'R1 `
I ~
The accovanying notes to financial stata"nts are an Ihfegral part of this statownt,
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RecreationyFunds
OeDt Sarnia
variance- Yarianee-
Bud et Actual favorable ft favorable
_ unfavorable Bu_ Q,_ o, Actual Unfavorabl
3 _ f f _ =1,111,256 :3,11?,996 ~(G11,260) ~
bT0,3S1 411,E (252,599)
_ 95,000 16,169 14,169 ,
6`42 -y2~ _ _ 225.011 25 O/ i
610.35! 42/.aez 245 669) 4 25 1,161.808 1311.150)
621,186 411,210 !11,216 -
1 11,090 26,815 (12,125)
L 60,
0100 2,2
63,092 453:315
LMM
r~
O.~?~ 501.0!5 _I3i•191 ~.~b.13S /,x.14? 650.293 ~
' ~ ~ 1 1 6.103
' 31. 1S 1 ) t 11 t. l1i) 1121.411) -~!,!l+~i!) -may f
f ] 4,050 9,050
LJ 34,115 (16,403) (1110116) (121,411) (409,6N) 311 193
JAM
16.261 1,103,SM 1,132,
(61.626)
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nxta! CITY OF DE TON, TEXAS 1
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS -
a
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Proprietary Fund Types
Internal
Enterprise Service
OPERATING REVENUES:
Electric service $62,680,319 1 -
Water service 9,734,904 - -
Sever service 5,263,661 -
Charges for services 3,695,911 S,036,157 E
Sundry 162,749 27,394
Total Operating Revenues 81,537,550 5,064,151
1
OPERATING EXPENSES:
Purchased power 42,345,467 -
Fuel 1,402,344 -
Purchase of water
Salaries and wages
9,325,765 $84,371
Materials and supplies 1,198,132 2,195,477
S I Maintenance and repairs 3,078,466 24,412
ff Depreciation 6,525,810 1,386,259
Miscellaneous 2,066.885 218,034
r✓ Total Operating Expenses 65,942,869 S.068,S53
Operating tneanr (Loss) 15,594,681 (4.102) C !
NONOPERATINO REVENUES (EXPENSES): 1
' Interest revenue 3,647,119 245,302
interest expense and fiscal charges IS 286,715) 1166,494
Other I26Q.5SI1 (44,163
,y Total "rating Revenues (Expenses) 11, 467) 34,645
Intone Before Operating Transfers 13,695,194 30,243
OPERATING TRANSFERS (OUT) (66,703,112)
Net Mom 6,9920022 30,243
RETAINED EMNINOS - October 1 t 5
49,111,373 _ 693.810
RETAINED EARNINGS • Septeasber 30 $.J2
The accoepaaying notes to financial statmots art an Integral part of this stateernt. r ll
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Total:
(Nemprandue only)
Year Ended
September 30, 1990 September 30. 1989
$62,680,319 163,996,395
9,134,904 8,572,433
1 5,263,661 4,567,069
8,190,143 8, 42,40
601 701 85 A. 43.599
42,345,467 44,312,041
1,402,344 2,535,134
184,921
9,910,136 9,679,963
_ 3,993,609 4,141,095
E€ 3,102,878 2,786,892
2,31`,069 Z,4J1.17~
1
Ir 1 11,011.42
7;,181.003
1 5 219 12.056.596
.a
3,093,001 20464,136
IS IS3,~ (S 009,232
I1.~¢4.A42) (2,057,423)
{ { ] 13,725,437 981990113
~tj (6 ]03.172) (5,964.6
1,0220265 3,234,SS3
49."S. 163
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CITY OF DENTON, TEmAS '
COMBINED STATEMENT OF CHANCES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES
FOR THE f1SCAl YEAR ENDED SEPTEM6ER 30 1990
Proorletay fund Types
Internal
Enterprise Service M
i
SOURCES OF WORKING CAPITAL: _
Operations- = 6,992,022 i 30,243
Net Incomcce t~
It@ n fat~oniring working capital-
Deprec 6,525,810 1,386,259
Amortization of bond discount and expense "5 ,
Working Capital Provided (Used)
by Operations 13,557,827 11416,502
Proceeds from issuance of long-term debt 21,049,31S -
Contributions- 340,953
In aid of construction _
Proceeds from the sale of contractual obligation - 1
E Total Sources of Working Capital 34,940,045 3-+x+50
USES OF WORKING CAFITAL: 4-
AC4uls tion of property, plant and equipment 8,112,453 16 105 SOS ,
Reduct~on of long-terni debt 2,553,200.E
Net change {{n ionqq-term assets ,
Not Not change in res[rittted assets and liabilities l
payable from restricte4 assets 2,511,417
t Total Uses of Working capitals 1ss3.res
I Net Increase In Working Capital f=LZIGa" iLt ,
ELEMENTS OF MET INCREASE IN 1a0RKIN0 CAPITAL: n
Increase (decrease) in current assets- 11480¢1224! 1ti (132,
Cash 3„100 2,
Investments 7011
Accounts receivable ,a. s;S~ 1
Inventory 1,9~4;j )
r
other current assets
Increase In Current Assets 24.813.061 rr
(Increase) decrease In current 11ab114tles- 4 (20,445) u
AccoMs payable and other lia0 1 t it
132;560)
Neter e e b (2,1 113:3211 (79,247)
DDeeferredtrevenws -
Increase to Current Liabilities i3,602,1061 1 I
S~ ! 1
' Net Increase in Working capital 1fl lD a ~ ~ j
The aeeoApanying notes to flnanclal state"Ats are an integral part of this statenent,
1
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Totals
(memorandum only)
Year Ended
September 30. 1990 September 30. 1989
>i 1,022,265 s 3,234,5S3
1,912,069 1,168,421
39.995 4.145
14,911,329 10,4010125
-1 21,049,315 53,864,813
_I 13. 50.9 226,124
30,014,597 64,490,122 f 1
9,251,239 60,546,172
3,~:2W 2,660,550
( t
2,S11,407 1.300.594
15.320.925 64,501,321
{
{ ~ Lj 5,5~3p1.0111 :11,/17,3/01 ~
~5`611`120T20 1`339~//~1
1,221; 22 116;1591 ;
` r `
if MA".470 163.44211
(J~2~6,119 121,119
(2,852~5~61 (1~~2 9:711
1 IN)
11J2.S911
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4
CITY OF DENTON. TEXAS
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED
SEPTEMBER 30. 1990
(1) SUMMARY Of SIGNIFICANT ACCOUNTING POLICIES
The City of Denton ('the City") was incorporated September 26,
1866. The City operates as a Home Rule City, under a Council-Manager
form of goverment 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
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
II accepted accounting principles as applies ble to governments, The
following is a summary of the more significant policies:
A. Fund_ Accoun~i
The accounts of the City are maintained on the basis of funds
or account groups, each of which is considered a separate accounting j
entity. The operations of each fund are summarized by providing a
separate set of self-balancing accounts which comprise its assets,
liabilities, fund equity, revenues, expenses and expenditures. The
following funds and account groups are used by the City:
Governmental Fund types
General Fund-
The General Fund is the principal fund of the City. All
general tax revenues and other receipts that are not allocated by law or
f; contractual agreement to some other fund are accounted for in this fund.
-17-
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1
Notes, City of Denton (Continued)
September 30, 1990
t
~ From the fund are paid the general operating costs, the fixed charges and
the capital improvement costs that are not paid through other funds.
Special Revenue Funds-
P
The Special Revenue funds are used to account for the proceeds
of specific revenue sources (other than special assessments, expendable
trusts, or major capital projects) that are legally restricted to
expenditures for specified purposes. These funds include the grants from
the Department of Housing and Urban Development (Community Development
Block Grant) and from the Texas Criminal Justice Division, Department of tl
i Education' the recreation fund and miscellaneous other revenues.
Debt Service fund- til
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
J leases in the governmental fund types.
1
Capital Projects Funds-
The Capital Projects Funds account for the acquisition of
capital facilities being financed from bond proceeds, contributed
capital, or transfers from other funds, other than those recorded in the
I Enterprise Funds, the Internal Service Funds and the Trust Funds.
( Proorietarv Fund Types
Enterprise Funds-
The Enterprise Funds are used to account for operations that L~
1 are financed and operated in a manner similar to private business
enterprises where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the
general public on a continuing basis be financed or recovered primarily
through user charges. These funds include the Electric, Water and Sewer r
Utility Systems (Utility System) and the Sanitation operations. L
Internal Service Funds-
f
The Internal Service Funds account for the financing of
materials and services provided by one department of the City to other
departments of the City on a cost-reimbursement basis. These funds
include the Working Capital fund (vehicle maintenance, warehouse and L
machine shop) and the Motor Pool operation.
I
1
i
,
Y
Mal"
CL.^d
e a ^~j
Notes, City of oenton (Continued)
September 30, 1990 i
R B Nr,i
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 same manner as
Governmental Fund Types. Agency Funds are custodial in nature (assets
equal liabilities) and do not involve measurement of results of
operations.
General Fixed Assets Account Grouo
the fixed The General Fixed Assets Account Group represents a summary of
t assets h City, Capital outlays in funds other than
Proprietary th Fund rTypetare
recorded as expenditures of those funds at the time of purchase and
subsequently recorded for control purposes in the General Fixed Assets
Account Group.
General Lona-Term Liabilities Account Group
{ summary ofhtheelong-termgliabil ti silof1etheAditnt Group represents a
taxes levied by the City. This account group does notiinciude ilonlg termy
i debt accounted for in the Proprietary Fund Types.
8. Dasis of Acca t n
1
The accrual Da I --The Proprietary Fund Types are accounted for
on a flea of economic resources measurement focus. Accordingly, the
accrual basis, whereby revenues and expenses are identified in the
acc
E g period in which they are earned and incurred and net income is
determined, is utilized for these funds.
Modified accrual Dasis--The Governmental Fund Types, Expendable
Trust and Agency Fun Is are accounted for on a floor of f+nancial resources
measurement focus. Accordingly, the modified ac.,rual Dasis is used for
these funds. Modifications in the accrual basic funds includs
the following;
1. Revenues are recognized when they ^tasarable
and available for use daring the revenues
treated as being susceptible to act u,;• taxes,
Interest and intergovernmental revenues, sources
-19-
« . Notes, City of Denton (Continued)
September 30, 1990
from licenses, fines and forfeitures, service charges and
other miscellaneous revenues are recognized as the cash is
received. 3
2. isp inc urreds, aexcept cogonirzed when t related d liability
interest and principal on genera
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, f
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 b
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
.p
r The City Council follows these procedures as prescribed by City'
Charter, in establishing the budgets reflected in the financial
statements:
F 1
1. Ai least sixty days prior to the beginning of each fiscal 1~ 1
year, the City Manager submits to the City Council a
{ proposed budget for the fiscal year beginning on the
following October 1. The operating budget includes
proposed expenditures and the means of financing them.
2. Public hearings are conducted prior to the adoption of the
budget in order to obtain taxpayer comments.
3. The annual budget adopted by the City Council covers the
General Fund, the Spec?al 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 L
passage of an ordinance prior to the beginning of the
fiscal year. The general purpose financial statements
reflect appropriation control at fund level as approved by w
City Council.
4. The City Charter provides that the City Manager has the I'
authority to transfer any unencumbered appropriation L 1
balances from one expenditure account to another within a
single office, department or agency. The Charter also r
provides that within the last three months of the year the y
City Manager must request the City Council to approve any
transfer of unencumbered appropriation balances or portions M
thereof one function to another as wel as an
increasesf ion fund appropriations. Individual lamendments
were not material in relation to the original
appropriations which were amended.
-20-
0071
I
Notes, City of Denton (Continued)
September 30, 1990
i
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.
reconciliation revenues a ex
budgetar
penditures to revenues and expenditures on the modified accrual e basis for
Governmental Fund Types is as follows:
GENERA! SPECIAL
REVENUE
FUND FUNDS
Revenues:
Budgetary basis $19,985,486
Special Revenue Funds f 424,682
i
Unbudgeted:
Community Development -
Block Grant 499,542
Criminal Justice - 93,829
Emily Fowler Library 128,214
Other 805,594
1
1 Revenues on modified
accrual basis 19.985.486 11-t-51 .061
U enditurM:
Budgetary basis 25,540,445 501,085
Encumbrances (net) 329 11,872
Special Revenue Funds '428 I
i Unbudgeted:
Community Development
f Block Grant - 4970999
11 Crim 1 Justice
Emily Fowler Library - 124,092
Other
993.182 i
Expenditures on modified '
I accrual basis 25,069,873 4 1 5
Revenues over (under)
expenditures on modified
accrual basis f{ 1 s(M-214)
r
I
I
-21-
~h
'i
y" Notes;b' ity of Denton (Continued)
Septeer 30, 1990
0. Investments
~ j
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
I
The City accrues amounts for utility services provided in j
1 September, but not billed at September 30. 1 i
i.
F. Inventories
Inventories are valued at cost or the lower of cost market. i
I
Cost is determined using a moving average method. ,
G. Fixed Assets
I I ~ ~
Enterprise and Internal Service Funds-
. i r 1
Fixed assets are recorded at cost, including net interest G J
during the construction period. Contributed property is recorded at fair 1
market value at the date of contribution. Depreciation is recorded on
! each class of depreciable property utilizing the straight-line method '
over the estimated useful lives of the assets.
Estimated useful lives are as follows: C
Useful life i
EEE Fixed Asset (Years)
t i ENTERPRISE FUNDS-
Electric System
I General assets - Structures s0 '
- 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 s0
- Equipment 20 - 35
Mater and Sewer System ' I
Structures S0 u
Water and sewer mains 20 - 33
Equipment 10 - 20 f
Furniture and fixtures 10
Water Storage Rights 40 - 100
S nit io
V-01 es and equipment 10
Landfill 9
INTERNAL SERVICE FUNDS-
Vehicles and equipment 1 10
-22-
a
~xswt~ e
e! ~
Notes, City of Denton (Continued)
September 30, 1990
I
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 I
General, Special Revenue or Capital Projects Funds when acquired. Such
assets are capitalized at cost in the General Fixed Assets Account
Group. Significant gifts or contributions of assets are recorded in the
General Fixed Assets 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
j is provided on general fixed assets.
H. Property Tax Revenue
Property taxes attach as an enforceable lien on property as of
January 1. Taxes are levied on October 1 and are due and payable at that
time. All unpaid taxes levied October 1 become delinquent February 1 of
the following year.
The City records revenue from current property taxes in the
year in which bills are measurable and available. An allowance is
provided for delinquent taxes not expected to be collected in the future. '
. 1
j At September 30, 1990, the City had a tax margin of $1.88 per
$100 valuation based upon a maximum ad valorem tax of $2.50 per $100
valuation imposed by Tcxas Constitutional tau, Additional revenues up to ear
based
on the value3of7$2,139,001,561ibefore the limit is reached~urrent year's assessed y
I
1. Compensated Osences
The City allows employees to accumulate unused vacation up to !
forty days. Upon termination, any accumulated vacation time will be paid f
to the employees. Generally, sick leave is not paid upon termination
except for fire and policemen. Fire and policemen accumulate unused sick
leave up to a maximum of 90 days. All other employees are paid only upon
illness while in the employ of the City.
As of September 30, 1990, the liability for accrued vacation
leave and accrued sick leave is approximately $2,860,166. The amounts
f applicable to the Enterprise Funds ($445,573) and Internal Service Funds
I1 ($21,469) have been recorded in those funds, and the amount applicable to
1 other funds ($2,393,124) has been recorded in the General long-Term f
liabilities Account Group. The amount expected to be paid from current
available financial resources is not significant.
i
1
-23-
f M. N'
Notes, City of Denton (Continued)
September 30, 1990
' J.
"Memorandum Onl " Total Columns
r Total columns on the combined statements are captioned
"memorandum only" to indicate that they are p
as
i analysis, Data in these columns do not resented only to facili
tate
results of operations or changes in financialppositionf io c nformitytwith
f generally accepted accounting principles. This Prese
represent a consolidation. Interfund eliminations have nottationbeendoes
the aggregation of this data.
made nin
I (2) CASH AND INVESTMENTS ?
i
In order to facilitate effective cash management practices, the
operating cash and certificates of deposits of all funds, except for the
deferred compensation fund are pooled into common accounts for the
Cpuityrpos'sebaofnkideponcreassiitsng(Icancshomeatndhrouh
ofideposit) t attyear-end were `
entirely covered by federal depository insurance or by col'•+eral held by
the City's agent in the City's name.
The investments of the deferred compensation fund are held
separately from those of other City funds by an outside trustee appointed _
by the City.
F
t Statutes authorize the City to invest in obligations of the
U.S. Treasury, U.S. agencies, repurchase agreements, and certificates of 1
deposit.
' At September 30, 1990, the City's investments art insured or
' registered or the securities are' held by the City o► its agent in the M
City's name. As of September 30, 1990, the City's investments are as
follow
Par Cos Market
U.S. Treasury Securities -
U.S. Agency ecurities $55,765,000 SSSoSI90231 355,8140681
Money Market 14,350,000 140309,205 19,438,877
1,253,325 i LZU S 1.2
=76"3~6A ~K =16 A1 f76-506-RAI
r±
ui
-24-
Notes, City of Denton (Continued)
September 30, 1990
(3) FIXED ASSETS
General Fixed Assets-
General fixed assets balances and transactions for the year
ended September 30, 1990, are summarized below:
Balance Balance
October 1, Transfers/ September 30,
_ 1989 _ Additions Deductions 1990
Land = 4,726,786 $
- x - x 4,126,786
Buildings 8,438,732 - 8,438,732
Streets
Machinery and equipment 39,296,756 8,048,288 47,345,044
and other improvements 6,712,547 4630185 70175,732
Construction in progress 11.164,907 5,320,294 (8,048,288) 8.436.913
{ Total 570.339 )7g S13.e~ Sc8-a,~48 288) SI6.1 07 {
j - Investment in General
Fixed Assets-
From bond issues $49,534,219 =13,368,582 x(8,048,288) $54,854,513
From current revenue 7,483.893 463,,185 - 7,945,078
1
57,0160112 13,8310167 (80048,288) 62,7990591
From contributions 13.323.616 - 13,323,616
Total $70.339J29 x13'9 xf9.04 $76,121,,207
y
7
i.
-25-
rktes, Cityy of Denton (Continued) I
Septe~er 30, 1990
g
follows, General Fixed Assets by function and activity as of September 30, 1990 are
summarized as
41
Total Mach./Equip.
j TOTAL PRIOR TO OCTOBER 1, 1986 land -Mldfncs Streets And Other
T roveernts
GENERAL GOVERNMENT: $13 'A-SO/ =1.594.452 58:390 132 f3/ )02.281
Parts (5.55/.636
Parks Grant 161,199 11 119 _
Legal 59,834 42026 2t, 883 116'808 ~ t r
Municipal court 60,092 -
Personnel 11351 61,092
CMO/MSED 91869 - 1,357
Building )ralntenante 19,325 -
Library 9.069
Planning/Q 455,364 21150 7'
Operat 5
ion 2 658 5,74
s Anal ?44.011 ~ -
Analysis 4821 73'201 2,031 _ 452,607
TOTAL GENERAL GOVERNMENT - 68,836
929.831 126 946 - ---4.024
PUBLIC WORKS; 1125 )11.160 {
I Traffic Engineering
Emer en 9 31,218
e~ ccyy q 14,;50
Cod enEnforeement 25,259 - 34,248
Public Works Administration 4,811 214 6;15 ± i
Streets 20,733 _
f Airport eeSgonQinO/prainage 72,132,9<5 1,335 1),590 12,6!2,160 20,133
28,091
k pp 30795 14,260 i,.
Envlrorvntntal Health Services 2,613 _ 26,097
Anfmal Control 475 _ 32,1617%
3
j6601
TOTAL PUBLIC WORKS _ 3.601 1_ +
i28. 13
fINANCE: . 3$ I_ __1594 12 _ 2f - f
Finance Administration '
Customer Service 21,596 _
Purchasing 25,581 1
Accounting 3,589 21,5%
,Court Ciotti _
too 3
Tax 996 - - 106
*rd Processing '2852 20'5/z
Data Processinrqg 26,734 1,122 - X285
Defensive orirln8 106,043 - 25 672 1
I,fL3 2'903 1
TOTAL FINANCE
PUBLIC SAFETY: 225.159 _ 1.025
Fire Adnfnistration 2214134 +
Fire Operatf~ns 12,122
Fire Prevention 165,101 1,
260 - 12,122 y
~4ency Medlin 9,829 1,053 163,811
Fi 1
re (2561 - - I,T16
Criminal Inveillyitfon - = 19,473
19;i1o
Police 0p Ions 31,128 - 1IJ596
Patro l Division 51,518 31,,110
)28 "
Police Grants _ 51,5)8
TOTAL PUBLIC SAFETY;
CONSTRUCTION IN PROGRESS 11---
TOTAL 8 13 tr
fb4.dZia~ sl.Li6,j~ f1+S:i.Lli fib, d :
115, 122
v
I
Notes, C1tyy of Denton (Continued)
September 30, 1990
changes In general fixed assets by function and activity for the fiscal year ended
September 30, 1990 are summarized as follows:
General General
Fixed Assets Transfers/ Fixed Assets
10/01/89 Additions Deduction 09/30/90
11 - f _ 353.241.501
TOTAL PRIOR TO OCTDBER 1, 1986 S$3.241,504
GENERAL GOVERNMENT: 119,213 11,986 - 161,199
Parks 48,001 11,833 - 59,834
Parks Grant
Legal 41,768 18,324 - 60,092
- Municipal Court _ 9,869
Personnel 3'540000 5,925 ],357
CMO/MSED _ 19,325
Building maintenance 1,095 _ 1,695
Building 313,569 141,197 - 455,365
Library 131,121 9,350 _ 144,071
( { Planning/CO 220 4.604 x.821
operations Analysis
TOTAL GENERAL GOVERNMENT 695,347 234,484 - 929 A3
PUBLIC WORKS: _ 31,248
f Traffic Engineering 33,663 _ 585 - 14,250
Emergency Management 14,150 25,259
E51neerlnq 25,259 4811
Code Enforcement 1,659 3,212 24 ,oil
Public Works Administration 11,027 3,706 = 12,]32,945
Streets 4,611,66/ 8,061,281 28,091
l Street Sweeping/Drainage 20,091 3,196
- Airport Band 3,796 - 2,613
4 1,251 1415 - 47S 362 i € Enviro nmental Health -
t - 3
Animl Cotrol 3.601 ..~4
-
i ~ TOTAL PUBLIC WOKS 4,160,04 0 102.313 12.870,182
596
FINANCE: 12,902 8,694 _ 21, 5"
Finance Administration _
22,56] 3,0{7 25,
Customer Service
Pulems1j" 1101 21270 - 3 107
AAcceountiog 6, S79 !2,410 _ i,~ c
i Cairt CI#Ks 19,132 1,410 - :5
T 97 191 _ 26J_~_~,
Word Processinngo 22,543 10'1 106,013
OOtfans{ve Driving 152 LOU
TOTAL FINANCE 161314 - 43.2 226, 1
Lfire Adninistration S. 56J9 670 - i2,l22
fire Operatirs 10 165;1629
F re PreventsC4ri 14979 1.6850 - 66 - 19,113
fi Emergenccyy medical 1/066 5;p~ 7,596
re _ 19,710
Pa ice Adninistigatpion ;50) 21,227 - 31,721
Criminal(251) tnvestigatlem 10 'so) - 55
Ponce O0ppeerations 57 578 _ 86,021
Patrol Olvislon 68,122 17,906
Police Grants - 13 ---3+
f TOTAL PUBLIC SAFETY 207,627 -131+ 419.018
' CONSTRUCTION IN PROGRESS 11,164:00I JJjQM ) -0'436.9't
TOTAL 1]~a3~.124 f~ S} 12a.~?9. e1
`I
I
f
I
`r
.w
asp ~i
1
1
Notes, City of Denton (Continued)
Septenber 30, 1990 47
ti 1
Construction in
i progress Is copsed q
of the following: r ~
i
j Project Expended to
Appropriation September 30. 1 ~ a
9QQ Canrmitted
Airport Improvements { 333,000 3 18,765 = 314,235
Northeast Recreation Center 11300,000 4,000 1,296,000
€ Radio 8Meg 1,100,000 1,096,312 3,688 k t
Athletic fields 850,000 136,332 113,668
Library 425,000 39,009 385,991
r, I
Fire Equipment 200,000 193,461 6,539! i
Fire Station 500,000 - 500,000 3
Law Enforcement 200,000 4,860 195,140 i(
GIs Computer System 1,150,000 354,143 19S,257
Fire Station e5 533,000 543,182 (10,782)
treet and Bridoe - i ~
I
Carroll Blvd. Project 240,000 235,451 4,549
Highway 380 Projects 109,000 43,689 65,311
Miller Projects 585,000 463,841 121,159 I
Repave Projects 1,340,466 1,338,101 2,359 '
Teasley Projects 1,165,387 1,061,399 103,988 J
Evers Park 40,000 36,526 3,474
fry 129,199 68,923 60,276,: II
Hercules 15,000 5,390 9,610
Hickory 645,021 614,430 30,591
Locust 1,155,313 $51,466 597,841 r
Stuart 111,553 145,298 32,25S
West Oak 1,131,611 741,601 390,010
{ i Windsor 50,000 42,54S 7,455
Elm 314,516 1,439 301,071 F_ j
Scripture 347,907 20,724 321.183 ,
8e11 Avenue 450,000 88,651 361,343
Alfigo Road 250,000 13,211 236,i89
%
Signal Synchronization 18,299 17,121 10172
willow Spring 337,000 32,36E 304,634
Drain Study 425,000 2810155 131,845 {
Traffic systam✓Square 125,000 124,436 564
Sidewalks 125,000 12,480 112,520
Jamws Street 90,000 94 89,906 "
tongridge Street 300.000 1,563 298,437
Stuart/sunny 350,000 94 349,906
Low Del toy 625,000 16,702 6080298 €
Nottingham 500,000 4,342 49S,658
Fort Worth Drive 1.065.000 1.593 1.060.107
=~r~ 2 $U= f 10 M= { I`
r
ra -
Motes, City of Denton (Continued)
September 30, 1990
I
Enterprise and Internal Service Funds-
fixed assets of these funds are as follows:
_ Smtember 30
1990 1989
Utility System-
Land and land rights : 1,799,537 = 117961531
Water storage rights SS,340,064 53,359,931
Electric plant and equipment 71,100,110 69,146,203
Mater plant and equipment 38,581,503 31,333,659
Sewer plant and equipment 30,492,304 37.542.976
I
205,313,658 199,179,312
_ Less- Allowance for depreciation 66 37 1931 60 M.016)
138,938,465 139,093,236
Ir
Construction in progress 2.996,803 1,046,153
{
Total fixed assets - Utility System :lal-9ILM aa0.1
Sanitation-
Land and land rights = 1,981 772 ; 1,984,112
T Vehicles and equipment 4010s99 3910132
Less- Allowance for depreciation (1.032.616) (796.123)
Total fixed assets - Sanitation f 1
r Internal Service-
7 Vehicles and other assets f 12,617,635 = 1109610679
T Less- Allowance for depreciation 9 1 ) (9.016.051) 1
>j 2,699,440 2,9450628
Construction In Progress 21.555 ~I
Total Fixed assets - Internal service 1 >1,
I
-29-
-.v.,tn'A1iYN«t7. Cpl;. +:~+s»te
i
r
_ I
L
, r
Y ow
Ml.* yd
Notes, City of Denton (Continued)
September 30, 1990
(4) LONG-TERM LIABILITIES
Long-term liabilities transactions for the year ended i
September 30, 1990, are summarized as follows:
f
i
BALANCE AT #
OCT08ER 1, BALANCE AT
1989 SEPTEMBER 30,
Iam RE7IRE0 1990
General Long-Term Liabilities
General Obligation bonds
Certificates of Obligation S 21,830,000 S 1,150,000 i
S 1145,000 S 25,668,509
Obligations under capital 2,835,000 ,
leases 7,279.
Compensated absences 2.216.232 1,575 8,041 60,763
2.393 124
Total general long-term C"
liabilities 31.7108!820 1,388 467 2.139.891
30.95 _
739 6
I
~ Proarietarv Fun d Tynec
!
{ Utility System revenue
bonds h I General Obligation bonds 41,040,000 20,900,000 2,430,000 58,610,000 '
(pledged by sanitation
revenues) t
Contractual Obligation 10301,421 _ 123,200 1 ~
Certificates of Obligation 530,000 - 2600000 ~270~000 ~
Obligations under capital 755,000 1,650,000 245,000 2,160,000
` leases 920981 $
Compensated absences 93,641 It
4579716 35,878 35,218
i Note payable 1.9---83,2p6 - 467
3 1 7 1 7 ,042
Total proprietary fund types 47.287 O;7 1 AU 81 _53.659.` Te8
` 23 T 271 4.585.65 1 31 9
f Total long-term liabilities S12p9iiR7'
~ ~+~i s6.7 S.SSA S147..337aafic
4
-30-
t1
is
1
,y
artap~
Notes, City of Denton (Continued)
5eptember 30, 1990
t
General Bonded Debt-
following: General bonded debt at September 30, 1990, is comprised of the
AMOUNT
8ONDEO INTEREST ISSUE FINAL OAMOUNTL SEPTEMBERN301,T
DEBT RATE M DATE MATURITY OF ISSUE _ 1990
General Obligation 5.70 to 8.30 1985 2004 $23,726,730 $16,831,730
Refunding
General Obligation 6.40 to 9.40 1987 2007 3,500,000 20975,000
General Obligation 6.50 to 9.50 1988 2008 31600,000 3,425,040
General obligation 6.50 to 9.50 1989 2009 3.6154000 3,615.000
Total General Obligation Bonds 34.441.730 26.846.730
Cert. of Obligation 6.00 to 9.00 1987 2007 500,000 425,000
Cert, of Obligation 6.00 to 8.75 1987 1937 1,7000000 860,000
Cont. Obligation 5.38 to 6.30 1988 1991 775,000 270,000
Cert. of Obligation 6.60 to 9.60 1989 1999 1,155,000 910,000
Cert. of Obligation 6.00 to 9.00 1989 1999 1,550,000 1,550,000
Cert. of Obligation 6.30 to 6.70 1990 1993 1.250.000 1.250.000
Total Other General Bonded Debt
j 6 3 OO 5.265.000
Total General Bonded Debt =40.711 7'ie~ $12,111,730
Proceeds of general bonded debt are restricted to the uses for
which they were approved in the bond elections. The City Charter expressly f
l prohibits the use of bond proceeds to fund operating explnses. The general
I F obligations are collateralited by the full faith and credit of the City
and, primarily, payable frora 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
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, 7990, $17,74500fb of
bonds considered defeased are still outstanding.
i
i
-31-
y
5
I
Notes, City of Denton (Continued) r,
r September 30, 1990
Revenue Bonds-
Revenue bond debt at September 30, 1990, is comprised of the -
following issues:
AMOUNT
ORIGINAL OUTSTANDING AT _
REVENUE INTEREST ISSUE • FINAL AMOUNT SEPTEMBER 30,
BONDS RATE DATE MATURITY OF IS:,UE 1990
Utility System 4.75 to 9.625 1983 2007 $25,280,000 $13,050,000
Utility System 9.00 to 12.00 1984 2009 20,000,000 4$00,000
Utility System 8.00 to 11.00 1984 2004 1,000,000 250,000
Utility System 5.00 to 7.00 1987 2009 17,4850000 17,485,000
Refunding
Utility System 6.75 to 9.75 1988 2007 3,500,000 3,325,000
Utility System 6.00 to 9.00 1989 2009 20 00= 0,000 20.000.000
} The City has the option to retire at par all or a portion of the
bonds, except for the Utility System Revenue Bonds issued October 25, 1984, I
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,
j 1994.^
j
The revenue bonds are collateralized by the revenue of the
Utility System and the various special funds established by the bond I
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 1
second to establish and maintain the revenue bond funds. Any remaining
revenues may then be used for any lawful purpose. The ordinance also
contains provisions which, among other items, restrict the issuance of
additional revenue bonds unless the special funds noted above contain the i
1 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, 1990:
0
Interest and Sinking Fund t 760030202
Reserve fund 49945,000
Emergency Fund 250,000
Extension and Improvement Fund 2,584,468
s1iJS2s~,iQ ~ I
Assets in these accounts consists of cash and U.S. government M
securities. Related liabilities and retained earnings are as follows: tµ
Payable from restricted assets-
Accrued interest >j 105591977
Revenue bonds payable, current 2,900,000
Retained earnings reserved for bond retirement !10.322.693
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Notes, City of Denton (Continued)
September 30, 1990
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, 1990, $36,405,000 of bonds
considered defeased are still outstanding.
General Obligationlbondst pledged bysSanitattion shed revenuesreseofrve$119,075 pay for
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 1
I total cost of water storage rights at September 30, 19900 was 1
j $55,340,000. Of this r.,rount the City's estimated cost for present demand j
is $28,646,800. The amount allocated to the storage for present demand
shall be paid in fifty (50) consecutive annual installments, the first of
which was due and payable within thirty (30) days after the City was
notified by the contracting officer that the project was completed and
operational for water supply purposes. Annual installments are due and
payable in October.
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 $26,443,200 on the basis of cost presented, and
the basis of cost at September 30, 1990. No principal or interest
payment with respect to this storage for future water supply is required
to be made during the first ten (10) years following the data the project
Is operational for water supply purposes unless all or a portion of such
j storage is used for purposes of withdrawal of water from or transfer of
water into Ray Roberts Reservoir during this period. When any portion of
the storage for future water supply is used, the amount of the project
^1 investment cost allocated thereto, plus interest applicable to such
w 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.
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Notes, City of Oenton (Continued}
September 30, 1990
Aggregate maturities of the long-term debt (principal and
interest) for the years subsequent to September 30, 1990, are as follows:
&0N D__
FISCAL GENERAL
YEAR 08LIGATIONS REY HUE NOTES CAPITAL
PAY_ ABBE LEASES TOTAI " 1
1991 S 6,256 675
1992 6,016,305 $ 1,755,18356 8 = ?,034,235 = 24,584 f 15,761,350 d
1993 5,807,975 7,459,087 2'034,235 24,584 15,830,262
1994 5,332,136 1.100,213 2,034,235 24,584 15,325,881 1
1995 5,334,065 6,747,819 22:034 ,235 24,584 14 491 768
1996-2000 20,215,603 28328,532 997 200972 14,137,091 r~
2001-2005 7,64S,148 12 19:8230708 00$60,550,126
?0112006--2015 2010 30000,000 14,200,858 19,345,210 - I'
J _ 46,814,066
2016-2046 - 19,3450210 _ 36,546,068
19,345,210
1 9 170 8 109 17 868
Total principal.
and interest 59,607,907 98,861,211 189 383 664 119,308 347,9720090 r I
Less applicable
•I interest 7 496 117} i40_ ?5_} 1 7 4 47 ) 3r 1
I 21} Wm m
1 } j
~
i total principal f3j
I t .g~Z 3 14a" a~
{ I
Bonds Authorized and Unissued-
Genera ~
1
September 301990~bamountedstobf10S922,~000r1z14Aenbissuedisthedproceeds
will be allocated to the applicable Capital Protects Funds, as of
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(5) LEASES
Leases payable represent the remaining
payable under lease purchase agreements for the acquisitionioflvehicles,
copier equipment, computer hardware and other equipment, These leases
are recorded as capital leases. The vehicles, copier equipment and the
landfill vehicles are recorded in the Proprietary Fund Types, and the
computer hardware and other a u1p
Assets and Senora, Long-Tenn LiabilitiesreAccountinG oups. Remy ning
requirements, including interest, under these leases are as follows: 9
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Notes, City of Denton (Continued)
September 30, 1990
General
Proprietary Long-Term
Year Fund Types. Liabilities
1991 $ 91289 S 15,295
1992 91289 15,295
1993 9,289 15,295
1994 9,289 750295
1995 8.226 12.746
45s382 73,926
Less- Interest portion 10 164) (13,763)
_ Net Present Value SIB S~
(6) PENSION PLANS
k Texas Municipal Retirement Plan:
I
j Plan Description-
The city provides pension benefits for all of its full-time
a employees (except firefighters) through a nontraditional, joint
'ontributory, defined contribution plan in the state-wide Texas Municipal
r, Retirement System (TMRS), one of over 550 administered by TMRS, an agent
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
disclosure to help foster a better understanding of some of the
~i nontraditional characteristics of the plan.
Benefits depend upon the sum of the employee's contributions to f
the plan, with interest, and the city-financed monetary credits, with
interest. At the date the plan began, the city granted monetary credits
for service rendered before the plan began of a theoretical amount equal i
to two times what would have been contributed by the employee, with t
interest, prior to establishment of the plan. Monetary credits for I
service since the plan began are a percent (200) of the employee's f
accumulated contributions. in addition, the city can grant as often as
annually another type of monetary credit referred to as an 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 employee's salary had always been the average of his salary in
I 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.
-35-
` Notes, City of Oenton (Continued)
it September 30, 1990 1
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
his own money, he is not entitled to the employer-financed monetary
credits, even if he was vested. The plan provisions are adopted by the
governing body of the city, within the options available in the state
statutes governing TMAS 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 TMAS, the city contribution
rate is annually determined by the actuary. Part of the city
1 contribution rate (the normal cost) is to fund the currently accruing
monetary credits, with the other part (the prior service contribution
rate) calculated as the level percent of payroll naeded 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 F
' 25-year period which began January, 1990. The unit credit actuarial cost
method is used for determining the city contribution rate. Contributions
are made monthly by both the employees and the city. Since the city
needs to know its contribution rate in advance to budget for it, there is
a one-year lag between the actuarial valuation that is the basis for the
I rate and the calendar year when the rate goes into effect.
,
'i
The city's total payroll in fiscal year 1990 was (23,150,602
i and the city's contributions were based on a payroll of $18,947,816.
Both the city and the covered employees made the required contributions,
amounting to $1,020,212 (5.46% of covered payroll for the months in
calendar year 1989 and 5.24% for the months in calendar year 1990) for
the city and $9460850 (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 1990 by 0.3% of payroll.
There were no related-party transactions.
i
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 r-
plan which had an initial unfunded pension benefit obligation due to the
monetary credits granted by the city for services rendered before the i
plan began and which can have additions to the unfunded pension benefit
obligation through the periodic adoption of increases in benefit credits
and benefits. Statement No. 5 of the Governmental Accounting Standards
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Notes, City of Denton (Continued)
September 30, 1990
i
h 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 tha funding status of public
employee pension plans, assess progress made in accumulating sufficient
assets to pay benefits when due, and make comparisons among public
employee pension plans.
The pension benefit obligation shown below is similar in nature
'i .o the standardized disclosure measure reg;1ired by GA58 5 for defined
benefit plans except that there is no need to project salary increases
since the benefit credits earned for service to date are not dependent
upon future salaries. The calculations were made as part of the annual
actuarial valuation as of December 31, 1989. Because of the money- +
purchase nature of the plan, the interest rate assumption, currently 8.5%
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 TMAS as a whole was
108.7% of book value as of December 31, 1999.
Pension Benefit Obligation
i
M Annuitants currently receiving benefits f 10688,0gs
E Terminated employees 521,602
Current employees
Accumulated employee contributions including
allocated invested earnings 7,347,382 '
E Employer-financed vested 7,466,936
Employer-financed nonvested 2,293,303
TOTAL X1993190318
)fell Assets Available for Benefits, at Book Value 16,633,114
yy
Unfunded Pension Benefit Obligation 6 2-6
The book value of assets is amortized cost for bonds and
LJ original cost for short-tern) securities and stocks. The actuarial
assumptions used to compute the actuarially determined city contribution
rat# are the same as those used to compute the pension benefit
obligation, The numbers above reflect the adoption of changes in the
plan since the previous actuarial valuation, which had the effect of
increasing the pension benefit obligation by f141,731.
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Notes, city of Denton (Continued) E1
s September 30, 1990
N
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Trend Information -
Three Year Historical Trend Information
1 eI
December 31, December 310 December 31,
Year Ended 1987
9
Net Assets Available for Benefits $11,643,689 $140146,080 $16,633,114 ;
Pension Benefit Obligation $13,665,302 116,639,047 $19,319,318 e
f Percentage Funded 85.2% 115.0% 86.1% }
I
Unfunded Pension Benefit Obligation 1 2,021,613 s 20492,967 S 2,686,204
Annual Covered Payroll $16,535,036 $18,148,919 $18,947,816
Pension Benefit Obligation as a
Percentage of Covered Payroll 12.2% 13.7% 14.2% ry
Trend information prior to 1981 is not available. Ten year
E trend information will not be shown separately until five years of data have
I
k been accumulated. 7
Fireman's Relief and Retirement Plan:
1 The City provides pension benefits for all Civil Service
employees of the Fire Department through a defined contribution plan.
I The Board of Trustees of the Denton Firemen's Relief and Retirement Fund
is the administrator for the pension plan. The Pension plan is not
I considered a part of the City of Denton entity. In a defined
contribution plan, benefits depend solely on amounts contributed to the 1
plan plus investment earnings. Fire employees are required to become a
member as a condition of employment. An employee becomes fully vested
after 20 years of credited service. City contributions for, and interest Ij
forfeited by, employees who leave employment before vesting are
redistributed to plan participants.
The City's total Fire Department portion of payroll in fiscal
year 1990 was $3,333,849, Both the City and the covered employees made r
the required contribution (8.0% for 1989 and 8.5% for 1990), amounting to L
$261,022 from etch source or $522,044 in total.
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Notes, City of Denton (Continued)
September 30, 1990
(7) DEFERRED CONPENSV ION 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
- made available to the employee or other beneficiary) solely the property
and rights of the City (without being restricted to the provisions of
benefits under the plan), subject only to the claims of the City's
general creditors. Participants' rights under the plan ere equal to
those of general creditors of the City in an amount equal to the fair
market value of the deferred account for each participant. Investments
(primarily cash and cash equivalents) in the deferred compensation plan
are recorded at market value.
It is the opinion of the City's legal counsel that the City has
no liability for losses under the plan but does have the duty of due care
that would be required of an ordinary prudent investor. The management
of the City believes that it is unlikely that it will use the assets to
satisfy the claims of general creditors at this time.
(9) SELF-INSURANCE PLAN
The City has established a self-insurance plan for workers'
compensation benefits and general liability. Claims exceeding a limit
for any one accident or occurrence are covered through an insurance
.a~ carrier. Accrued claims payable include provisions for claims reported
and claim., incurred but not reported, The provisions for reported claims
is determined by estimating the amount which will ultimately be paid each
claimant. The provision for claims incurred but not yet reported is
estimated based on the City's experience.
The costs associated with the self-insurance plan are reported
as interfund transactions. Accordingly, they are treated as operating
revenues of the Expendable Trust Fund and operating expenditures
(expenses) of the other funds.
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Motes, City of Denton (Continued)
September 30, 1990
(9) COMMITMENTS 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 fature 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 tie outstanding debt, each of the Cities has guaranteed a
portion of the unpaid debt based, generally, upon its pro rata share of i. 3
the energy delivered to consumers in the prior operating year. i
As of September 30, 1989, total TMPA 'debt outstanding was
approximately $1,470,000,000, and the City's guaranteed percentage is
approximately 22%. in the opinion of management, the possibility of a
material payment under this guarantee is remote in that TMPA is !
I generating operating profits and assets exceed liabilities. i I
TMPA operates a 390 megawatt lignite-fueled generating
plant. Should TMPA be dissolved, each City would be entitled to an s
undivided interest in the property. g
I
Selected financial statement information of TMPA is as r
follows: E..; f
September 30.
1990(Unaudited)1989
(000's) (000's) I
OPERATING REVENUES $ 1690597 $ 176,359
OPERATING EXPENSES 109,114 1049117
OPERATING INCOME 60,483 72,242
OTHER NONOPERATINB SOURCES (USES) (620349) (530195) r-
CURRENT ASSETS 68,404 85,096
TOTAL ASSETS 11541,426 10615,112 i 1
LONG-TERM DEBT 1,451,679 1,491,102 L
TOTAL LIABILITIES 1,512,638 1,5830539 TOTAL EQUITY 280188 31,573 L
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Notes, City of Denton (Continued)
September 30, 1990
Flow Memorial Hospital-
The City of Denton transferred its right, title and interest,
if any, in and to Flow Memorial Hospital to the Flow Regional Medical
Center, Inc., non-profit corporation, in 1988. The Medical Center
filed bankruptcy in 1988 and has been discharged. The County of Denton
las filed a declaratory judgment action against the City requesting the
Court to hold the City responsible for indigent health care costs
incurred by the County pursuant to the Indigent Health Care Act, which
became law in October, 1986. The Legislature repealed the law in
September, 1989. Although, the City may be liable for a portion of
these costs, the effect would not be material on the City's financial
position at September 30, 1990.
Agreement with City of Dallas-
During 1985, the City entered into an agreement with the City
of Dallas which provides for the purchase of a minimum of 500,000
gallons/day of untreated water from the City of Dallas from Lake
Lewisville. This contract will be effective for 30 years.
Litigation-
Various claims and la,suits are pending against the City. In
the opinion of City management and legal counsel, the potential losses,
after insurance coverage, on all claims will not have a material effect
on the City's financial position as of September 30, 1990.
F
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Notes, City of Denton (Continued)
September 30, 1990
(10) SEGMENT INFORMATION FOR ENTERPRISE FUNDS f
Segment information for the year ended September 30, 1990, was 19
as follows:
Utility Sanitation
System fund Total
OKR411'NG REVENUES $ 7801240549 $3,4129951 S 81,537,S50
DEPRECIATION 602890117 236,693 6,5250810
OPERATING INCOME 15,266$22 328,359 15,594,681
OPERATING TRANSFERS OUT 6,308,435 394,737 6,703,172
NIT INCOME 7,186,931 (194,90)) 6,992,022
CURRENT CAPITAL CONTRIBUTIONS:
{ In aid of construction 340,953 340,953
ACCOUNTS,RECEIVABLE:
Accounts receivable, gross 10,231,164 _ 10,2370164
Allowance for uncollectibles 5,281,423 S,281,423
Accounts receivable, net 4,9550741 - 40955,741
~ PROPERTY, PLANT AND EQUIPMENT
ADDITIONS 8,164,986 7,467 80172,453
TOTAL ASSETS 219,310,705 201590191 22114690896
NET WORKING CAPITAL (DEFICIT) 48,683,843 (3219777) 489362,066
i ,
BONDS PAYABLE 5806101000 10178,221 59,788,221 -
e NOTES PAYABLE 536659,188 - 530659,188
t,
TOTAL EQUITY (DEFICIT) 93,003,258 (404,518) 9205980740
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Notes, City of Denton (Continued)
September 30, 1990
t` (11) INDIVIDUAL FUND DISCLOSURES
Individual fund disclosures as of and for the year ended
September 30, 1990, are as follows:
- Interfund Receivables and Payables:
Deficit
fund
- Balances/
Retained
Interfund Interfund Earnings
Fund Receivables Payables if an
General Fund S 474,254 S 34L,200 = -
r'
Special Revenue Funds:
Community Development
Block Grant - 55,200 -
Recreation - 870 (12,008)
Criminal Justice - 24,500 (3,542)
Emily Fowler Library - 7,550 -
Other 3350000 - - r
Debt Service
Capital Project Funds: - - -
j Airport Improvement i
Street Improvements - 5656000 - .4
General Projects
Bond Program 565,000 - -
1 Other Capital Projects - 2,840
Enterprise Funds:
` Utility System 8,757,433 601610867 -
II Sanitation 5001000 775,497 (404,S18)
Internal Service Funds: - r Y +
trorkirrg Capital 11360,663
Motor Pool - - -
Trust and Agency Funds:
Expendable Trust - - -
Agency - Payroll 664.500 - -
Total $11.2 $11.2
Interfund Advances:
I
For fiscal year 1999-90, the Sanitation operations experienced a loss of
$194,909, increasing the accumulated deficit to $404,518 at September 30,
1990, The incurred 10
saes caused a working capital shorts9a within the
i Sanitation Fund. To eliminate the need for comlmertial borrowing, a
h f =530,000 Interest bearing advance was made from the Utility Furl to be
repaid as funds become available in the Sanitation Fund.
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CITY OF DENTON, TEXAS
fOR THE Fl 5CAL YEAR ENOE0 SEPTEMBER 30.-199Q
SUMMARY OF SPECIAL REV N f
I
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Commuoity Development Block Grant (COBG1 - to account for the operations of
projects ut z ng Community Deve opment Block Grant Funds. Such revenues
are restricted to expenditures for specified projects by the Department of
Housing and Urban Development.
l Recreation - to account for the revenues and expenditures for the recreation
j programs which are self-supporting. All expenditures will be reimbursed
100%. Various business operations, such as concessions, fall into this
account.
Criminal Justice - to account for revenue received from the State of Texas
Criminal Justice Division.
Emily Fowler Library - to account for fines, donations, memorials and gifts
to the library tRat are restricted to the Public Library.
All Other - to account for miscellaneous special revenue sources which
are required to finance specific activities.
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0TT OF DENTON, TEXA4
PI
COMBINING BALANCE SHEET - ALL SPECIAL REVENUE FUNDS
LOR THE FISCAL YEAR ENDED SEPTEMBER 30. 1990 a
community #
Development Criminal
A ET Bloc ran ecr itiee +
a 1
Cash and deposits f 93 = 31001 = .
Receivables (net of allowance for uncollectlbles). - -
Accrued Interest
Other 11,163 - _
Out from other funds _
I Out frw other gover meAts 61.?21 ?,4.310 n
Total Assets
LIABILITIES AND FUND BALANCE L•
Liabilitlest
1 Accounts payable and accrued expenses f 331 = 14,II5 f 30512 M j
Due to other funds i
55
Otferred revenues 110 24,500
1 Total Liabilities ALM IS,DIS 211.0!2
Fund Balance (Deficits):
Reserved for encuesbrances 105,433 20,011 -
Unreserved (41.3191Q~p)
Total Fund Balance (Deficits) 4.111 ULM)
Total Liabitltlet and Fund Balance sum
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_ Emily Totals
fowler All
1 rer other September 30. 1990 September 30. 1989
f B :521,549 = 52/,651 = 612,031
643
- 436 11,601 31,286
- 335,000 335,000 11,011
62.751 194.640 t90,i20 1
sibdll su LU $1,055.4m sl.pp~. 1
,
I f 6,255 1 20,868 4 45,111 f 121,342
1,530 - 88,120 85,998
_ 26 11,361 - Min
111.592 .222.6
!2,612 19,635 151,16! 11,659
Am 119.235 153.553 tu.tis
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*r'.' 911.314 _ 715,154
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10
CITY OF DENTON. TEXAS
COMBINING STATEMENT Of REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL SPECIAL REVENUE FUNDS
OR THE f SCAL YEAR ENDED SEPTEMBER 30 1990 r
t
Coemrnity
Development Criminal r l
i lock Gran r a I Justice
!■i
Revenues: 1
intergoverwental 5490,5/1 = = 93,029
Fats for services - 4116152
Interest revenue f
1 Miscellaneous 19.995 6. 26 -
Total Revenues 199.512 424.662 93.829
Expenditures:
Current-
i General government 491,999
Public safety - IOS,96S
Parks and recreatlon +
capital outlay 196,112
Total Expenditure 191.999 I 1
Excess of Revenues over
(Under) Expenditures AM Mm) 112.136)
Other Financing Sources (Uses):
j operating Transfers in 8,191
operating Transfers out -
Total Other Financing
Sources (Uses) _ 9.191
Excess of Revenues and other N
Sources over (Under)
Expenditures and other uses 1,543 (61,2)Sf (3,642}
Fund Balances - October I 1.511 .16.261
Fund Balances (Deficits) - Sept0*61- 30 _(LM) f.{im1 f'
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Totals
Emily _ Year Ended
fowler
it bM All Other September 30. 1990 5ectoft r 30 1989
; ]0,595 ; 380,]62 ;!,025,133 ;1,204,6}3 ~
66,919 18<,13f 1]!,161 ~
4,iJ1 4,480 4,155 18,593
52.8 8 3 13 131.612 JJ 1
J
128.214 -$0~ '9 1,951,861 22,382,613
64,81? 925,474 1,488,290 1,169 169,236
I 105,965 11,239
486,142 414,062
4 59.215 61.100 s3.19e 6 , 29
tz4.092 993. fe; 2.234.195 2,256,266
1.122 tlsr.sa) (212,334)
126,211, b~.
.AI
400,000 408,494 385,954
',a 139.114) c
A
100.000 101.494 346.175 j.'
y.
4,122 212,412 1260160 473,022 ,
14.AS1 .616.431 185.154 312,132
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CITY OF DENTON, TEXAS
FOR THE FISCAL YEAR END O SEPTEMBER 30. 199
SUMMARY OF CAPITAL PROJECTS FUNDS,
Airport m rov me Grant Fund - to account for FAA Grant in aid for runway
.1 extension and airport development.
Gen ral Protects Fund - to account for investing nonrecurring funds in capital
pant expans on or 4mprovements, extraordinary maintenance projects,
facility construction or other large nonrecurring projects, funded by
operating revenues.
Street Improvement Fund - to account for repairs and rehabilitation of city
streets funded by grants and bond proceeds,
WilliaMs S r Li Q - to account for paving downtown parking tot to provide
parking lot in central business district funded by bond proceeds.
Construction Projeis Fund - to account for major rehabilitation and construe-
Lion of facilities funded by bond funds.
Other - to account for miscellansaus capital revenues and expenditures,
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CITY OF DENTON, TEXAS
oa
E
COMBINING BALANCE SHEET - ALL CAPITAL PROJECTS FUNOS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30. 1990 ~j
Airport
improvement General Street Williams
j ASSETS Grant Pro ect Improvement S qre
{
Cash and deposits !53,995 $165,210 = 3,109 $12,623
in,:stments - 146,OOS 4,103,591 -
I Receivables !net of allowance t
for uncollectibles):
Accrued interest - 9,975 121,595
Out from other funds - - -
Oue from other Qovar:Mlents 21-705
Total As lots lj~pp $ULAS lu= 1=
LIABILITIES ANO FiN10 BALANCES tnn~
Liabilities: ~I
Accounts payable and accrued expanses $ - i 22,780 i 146,405 $ +
Retainage payable 196129
Due to other funds - - 565,000 -
Otferred revenues ,QQQ 9,351
Total liabilities 33,000 22.700 199.965 ' `
Fund Balances: y I j
Reserved for encumbrances 12,510 484,319 1,2210000
Reserved for copilot projects &N 414.031 2.001.930 12.627
Nil A I'll r, 4 Total Fund Balances jLM 890.110 41021.9
,~Q 12.623
Total Liabilities and
Fund Balances $j~ejpQ ! ijj
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Totals
Coostruction
Pr cts Other Swtooter 30. 1990 Seoter6er 30. 1989
= 361,146 f 3,658 $ 600,341 1 2,610,067
4,668,158 - 10,1170754 11,809,171
940183 - 225,753 302,271 1
565,000 - 565,000 -
7.031 28.34 27.055
f~,~ fls,~99 =11.5 511 ':i
229,033 4,191 1} 402,495 f 516,695
11,845 - 150,974 301,160
r - 2,840 561,840 5,150
42.351 . __/2.351
i
300.818 .I,93t 1.163.60 811.9%
II t,wa E. 100,067 - 1,831,956 24368,782
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5.219.542 0,541,514 11.561.832 a
10,313• 13 9,~ 614 k
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«,y CITY OF DENTON, TE1US
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL _YEAR ENDED SEPTEMBER-30, 1990 !
Airport
Improvement General Street 111IIIW4
Grant Pro e r vemen Sauare
Revenues:
Intergoverrmental $16,899 1 _ i _ s -
Interest revenue - 19,964 433,105 106
Miscellaneous Y 4,192
Total Revenues 1.6,8A9 19.964 431,097
_
106
Expenditures:
Capital outlay 18.165 361,116 2,123,160 40,000
i
Total Expenditures 18.165 364,416 3,123.160 40.000 1
Excess of Revenues Over (Under) r,
Expenditures 11,816) A204,452) 12,285,863) 139.291)
Other Financing Sources (Uses):
ti "sl - Proceeds of lonq-ten" debt - 1, 150,00o - L:
Operating transfers In
Operating transfers out
S Total Other Financing
Sources (uses) 1,150.000
Excess of Revenues and Other t-
k Sources Over (Under) I
Expenditures and Other Uses (11816) 065,SN (2,285,863) (39,294)
f ' s
Fund Balances - october I 11,116 32.662 6.314.193 51.917
Fund Balances - Septeeber 30 11211-0 $ JA" UAM F
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Construction Year Ended
Pro c s 0 Aer Seote-ber 30. Im a temp r 0• i984
: - { 1,281 f 16,176 33,665
244.031 - 159,206 1,191,461
6.374 -2-069 12.631
4 - 251,201 3,356
90 01 63
k -I /0 5 IS'S60 5,503.041 _5.120.496 ~ ,
..~0 .15.560 .5.503.491 .5.120,496 t
,
I 12~Q~.395) I12r204) t4,113.0 AI) 14.311.6331
y i r + , y
- 1,150,000 4,015,000
-1 - - 420300
is, 4)
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(2,069,395) (12,201) (30563,011) 1330,2611 ,
7,117.041 13336.611 14.266.901
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CITY OF DENTON. TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
SUMMARY OF ENTERPRISE FUNDS
Utility SSystfm - To account for the provision of utility services to the
residents of the City, All activities necessary to provide such services
are accounted for in this Fund, including, but not limited to, adminis-
tration, operations, maintenance, financing and related debt service.
SSnitation To account for the provision of sanitation services to the
I - residents of the City. All activities necessary to provide such services
are accounted for Ii this Fund, including, but not limited to, adminis-
tration, operations, maintenance, financing and related debt service.
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b..v:dL.x'vW"P.. 1.,. ?«cl ..:fty%J,14w~..,wt.."uu:.,,ycii-waw.aa.N:.rLMF4l+..C/iC t1:~G+Y1~bM
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CITY Of DENTON TEXX_ i`
COMBINING BALANCE SHEET - All ENTERPRISE FUNDS'
EPTEMBER 30 1990 'i'
SSEI Utility 1
JJ
Cash and deposits S s n_
I' In
vestments f 16/,805
Receivables (net of allowances for une011ectlbles)- 39,490,120
Accounts
Unbilled utility service 141
Eir
y
Accrued interest 4,8811,66,,039
39 Lu
Other 1
913,166
668,691 1J
' Out froe. other funds
Merchandise Inventory 8,567,433
Deferred bond Issuance costs
Restricted assets- 930,612
I Cash and deposits
Investments 118,233
Accrued Interest 14,010,244 Due from other funds 134193
Advance to Sanitation
190+0GG
Fixed assets (net of accumulated depreciation) 500,000
1/!'4t2~ r
~ Total beet! '
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Totals
Sanitation Seote*tr 30, 1990 Seotenbar 30. 1989
: 82 $ 164,881 = 4,910,111
39,490,120 16,412,110
4,955,141 4,533,415
161,193 4,963,232 5,514,29S
- 943,156 466,046
19,286 681,983 349,546
366,618 8,934,111 4,009,951
- 1.554.934 586,223
- 930,642 890,641
119,015 5610308 3,310,311
14,010,244 8,630,112
I - 134,193 84,308
I 133,322 323,322 - r
1.353.SS5 iu.zee.'/V Y23 141,122,170 .1,
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j CITY OF DEMON. TEXAS
j COMBINING BALANCE SHEET - ALL ENTERPRISE FUNDS (continued)
SEPTEMBER 30. 1990
I I
utility I
LIABILITIES AND FUND EQUITY System
LIABILITIES:
Accounts payable and accrued expenses = 2,60,415
Retainage payable 111,644 t..
Accrued vacation leave 361,502
Muter deposits 1,137.194
Deferred Revenue
Payable from restricted assets-
Accrued interest, 14554,971
Revenue and general obligation
j bonds payable, current 2, 900, COD ;
III Due to other funds 8,161,861
Advance from Electric
Revenue bonds payable $5,110,000
General obligation bonds payable
Note Payable g 1
rr'r Total Liabilities 126.301.N7 1°•~
1 "I FUND EQUITY: x
Contributed capital- 1
' From other m 1cipalitios or goverwntal units 11,903,062
In aid of construction 21,432,263 r j
Retained earnings (deficit).
Reserved for bond retirement 10,322,643
S unreserved 46.345.220
Total Fund Equity (Deficit)
Total Liabilities and Fund Equity s,~y r y
,r R . I L. ~ r
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_ Totals
Sanitation Seotanber 30, 1990 sootemb_ r 30 1999 {
s 15,448 s 2,714,923 s 2,090,113
111,644 39,909
84,011 445,573 441,094
- 1,137,794 1,005,226
13,121
j 10,112 1,570,449 1,132,260
1220850 3,022,050 21553,200
(r 100,000 0,937,364
$ b,161,049 ' 500,000
` - 55,110,000 38,410,000
1,055,#71 1,055,371
1,r78,22! k,
S. 3.109.873
p I K'
2.563.709 ! f l 1 106,334,144 'i, i ~ 11.903,012 14,903,082
- 210432,263 21,0910310
119,015 10,44f,768 8,6534141
l .0t? 45.821.621
/0.611.b32
A404,11
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COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN REIAINEO EARNINGS -
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
f
1
utility
System! anit n
R OPERATING REVENUES:
Electric service >b2,660,319 = _
Water service 4,131,901 _
Sever service 5,263,661 -
charges for services 366,2T1 3,329,616
f Sundry ---79.444 03,301
Total Operating Revenues 76.121.599 3,412,951
OPERATING EXPENSES:
Purchased power 42,345 467
{ i Fur! , _
1,402,314
S~
t Purchase of rifer
Salaried and Wages 1,690,236 1,435,529
M+terials and supplies 919,264 2780648
Maintenance and lepairs 2,476,995 5990471
Depreciation 6,289,111 236,693 LJ
Miscellaneous 1.532.934 531.051
+t
Total Operating Expenses 62.850,211 3.064,Hj Vh '
x ' Operating Incas 15,266,322
:.266.322 _ 321.359 ~
NONOPERATING REVENUES (EXPENSES): J
a,
Interest remove 3,611,119 -
Interest expense and fiscal charges (5,158,164} (126,531}
other 1260.551) ;
Total Nonoperating Revenues (Expenses) (1.710.956) _(1 8.531) }
Incas Before Operating Transfers 1301950366 199,828
j OPERATING TRANSFERS (OUT) (6,301.0 091,1371
Net Inear 1,186,931 (191,969)
RETAINED EARNINGS (D(FICIT) - October 1 19.490.912 (20!•609)
~ i RETAINED EARMINOS (DEFICIT) - September 30 3 f~~~) i ,
.
-62-
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's
Totals
Year Ended
Seote*or 30. 1990 Seoteeder 30, 1989
362,680,319 =63,996,395
9,1340904 8,512,133 1
5,263,661 4,561,069
3.69S,911 3,111,115
162,149 3,840
01,537.$50 60,557,512 k,
42,345,461 44,312,841 q'
1,402,344 2,S35,134
184,921 `
e 9,325,165 9,160,021
1,198,132 1,213,414
j 3,0180466 2,135,288
d,S2S,810 5,982,163 ;
on 2,705,307
f 65,142,869 G„ j
1 15,694,601
3.6473179 2,239,829 E
(5,286,115) (1,898,1201
1260.5511 {330.363) {
11.899.4811 12.919.3561 Ja`
13,69=,194 16131,921
16.103.1121 j~„~4.620) 6,992,022 2,114,301.
R r
19.211.313 16.491.012
6i6.Aug sl9a3t3a3~~
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CITY OF DENT-04 TEXAS
COMBINING STATEMENT OF CMANGES IN FINANCIAL POSITION _
ALL ENTERPRISE EN
FOR THE FISCAL DED SEPTEMBE 30 1990
i
j
i
Utility i
_ Svstem Sanitation I
SOURCES OF WORKING CAPITAL: i
op%atlons-
Ne! Income Iloss before extraordinary Item : ],196,931
Items not requiring working capital- x(19/,909) ;
Tkprecfation 6,2`89,115 236,693
Amortl:atlon of bond discount and expense
Working Capital Provided by operations 13,516,013 11,181
rr
Cart~tbutions_long-term deb! 20,549,315 500,000
In aid of construction 310.953
Total Sources of Working Capital 2i1063] 51_ 1.791
USES OF WOAKtNO CAPITAL: e
Acauis tion of pro Deity lant and equipment
Aeduct~on of long-tern debt 9,161,996 p
j, Net change n reatr clad assets and liabilities 82I1164430 ON 123,200 f
parable from restricted assets
✓1 Increase in long-tens asset 2,251,02] 25a,/6o > 500,000
f Total Uses of Working Capital ]3.353• 311.12] ~
Net Increase (Doerealt) In Working Capital x.152.6fi1
s
ELEMENTS Of NET INCAEASE (DECREASE) IN WORKING CAPITAL:,
I Increase (decrease) In current assets-
Cash r'
Investments x~3,01011S,0t14) x ]
Accounts receivable
I Inventory
]61,y.11 161,231) r
Other current assets 366,321 L i
Increase In Current Assets .964 309,091 r
(Increase) decrease In current Iiabllltles-
Accounts payable and other 11ab tea (1JZ~2/' 2/,905 r
Meter deposits
Due to or funds (I )
Deferred Revenue 12,590,9)
(Increase) in Current Liabilities
) (111.110)
Net Increase (Decrease) In Working Capital = x ls1
3
11 Y ,
I f
i + •b1-~
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1
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Al~
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Totals
Year Ended
September 30, 1990 September 30, 1988
1
= 61992,022 { 2,774,301
163
6153 ,"S S=9A,
k U4
13,551,927 8,760,609
21,049,315 53,109,813
L..
340,953 226,12
~ 34.948.095 62.091.206
8,112,453 59,481,163
a 2,553,200 2,415,550 <r'
2,5:4 183000599
.w
ti
13,137,140 63,203,312 I
sub&= 1
r
r,
623/018 010 =(1/j0 ,9531 n%
r 710
707,410 1274,04
639,
r
1 I
4,924
24,113,061
vY~
706/3444e 461,416
(21~ 2. S 11~ 1
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CITY OF DENTON, TEXAS
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NETAINEO EARNINGS -
FOR THE FISCAND AL YEAR ENDED SEPTEBMBSIS 30,A 99QNTERPRISE FUNDS
Utility System
t Variance-
favorable ,
Budoet Actual (Unfavorable)
OPERATING REVENUES: 1 E
Electric service 166,538,000 152,680,314 1
{ Mater service 1 2,851,681
11,050,000 9,131,901 (1 315,0%)1
Sewer service 6,259,000 5,263,661 1995,339)
Chsrges for services 249,000 366,211 111,211 l l
Sundry $4.000 79.444 25.444 +
Total Operating Revenues 38 .150.000 1J 1. 24,599 S( .025.401)
OPERATING EXPENSES: i-v
Purchased power 43,815,305 41,929,125 1,985,880
Fuel 3,190,313 1,918,385 1,5114988 i
Salaries and wages 9,040,774 8,197,059 843,115
I Materials and supplies 1,026,888 903,412 123,116
Maintenance and repairs 3,544,700 2,351,253 1,193,447
Miscellaneous 6,025,671 1,605,273 1,120,404
Capital outlay 2,069,705 962.113 1. . 06.992
-i Total Operating Expenses 69,013.4 $7,767,520 11 4 2 '
Operating Income 14,136,510 20.351.079 ,14.501 n
NONOPERATINO REVENUES (EXPENSES).
Interest revenue 109,000 3,6470719 6' 1 942,184 y"
.I I other terest expense and fiscal charges - (S (
{ 8 185) t260,551~
Total NOnoperating Revenue W °
i (Expense) _ 705,000 11.)10.956) (2.115.956) a`
I Income Before
Operating Transfer 14,641,578 18,586,123 3,144,545
OPERATING TRANSFERS IN (OUT) (6,304,436) (6,308.435)
t Net Inca" 8,S330143 12,217,688 301440545
REIAIKO EARNINGS - October 1 44.816.146 49,480.912 4.604.631
i RETAINED EARNINGS (DEFICIT) - September 30
Oudget Gaffs) 53,409,169 61,158,610 8,349,38!
ENCUMBRANCES AND CAPITAL OUTLAYS NET OF Y~
DEPRECIATION (S.0-0,751)
,Q~.)S1) 3^,
r
RETAINED EARNINGS (DEFICIT) -September 30
(OMP Wig) fiiam _How" f,da3"
-66- } #
1
Sanitation lotal
Variance- Variance-
Favorable Favorable
eudclt Actual (Unfavorable) _ 8udoet Actual unfavorable
$65,538,000 $62,680,319 $12,857,681
11,050,000 9,734,904 1 315,096
6,259,000 51263,661 1995,339
3,155,}22 3,329,646 114,521 3,404,122 3,695,917 291,195
200, _ 83.305 116 695) 251.000 162.119 ~91a251)
3,355,122 3.111.951 574829 86.505.122 811537.550 t4,967,5)2)
- - - 43,615,305 41,629,125 10985,800
I,<15,551 1,435,529 (19 978! 3,490,373 1,918,385 1,571,968
10,456,325 9.6 21500 823,137
297,195 218,636 18,951 1,321,683 1,1 2,248 142,435
312,116 599,411 (226,65'') 30911,476 2,950,124 966,752
r 505,834 532,551 (261711. 6,531,511 2,137,824 4,393,687
f - 28,300 I_ 0.642 11.4r1.' 2. 971,555 1 1_ , 24.450
I~ 2,620,256 2.651.224 23f 6~7.'i 71 .633.678 60,624.7 19 11.008,929
- 734.866 555,122 179 1") 14.871.4" 20.912.901 6.O/l r
f
- 705,000 3,617,179 219420179
(128,531) 1128,531) - (5 2 ,715 (S 286,715)
-u 5 1) I
029.531) 105.Q~ (l.M. 0 12.604.487)
I 734,886 4218191 (307,675) 15,576,444 19,013,314 3,436,870
I (341.131) (394.737) - (6.103.172) (6,103,112)
'
3400129 32,454 (307,675) 8,673,272 12,310,112 3,436,870 a"
-L591'444) -1,444) 1.902.636
(161,280) (1110ISS) (9,875) 53,242,009 61,581,S1S 8,339,506 t'`F
IS.318. iM) i'~.~.14L13Qf
~s.
{ $ 391.611) f„J,1QIe,'L111 $.19.OZS) $ sAama sAb"m
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STY Of DENTON. TEXAS r,ekM
i
COMBINING BALANCE SHEET - UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Electric
ASSETi System
Cash and deposits = 102,451
Investments 29,013,155
Receivables Inet of allowances for uncollectlbles)- '
Accounts 4,9S5,141
Unbilled utility sarvice 3,613,945
Accrued Interest 698,883
other 496,405
I
out from other funds 8,514,866
Merchandise inventory 1,554,934
500,101
~Deferred bond Issuance casts
' Restricted assets- 213,911 i^
Cash and deposits 1,959,592
investments
Accrued Interest 12,601 n
Out from other funds 61,613 I
I Advance to Sanitation 500,000 j
Fixed assets (net of accumulated depreciation) ~143a~t4 I!
Total Assets f9Lil~r I
s
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~'11C{NNY Tot Is for Utility System _
water and
Sewer System Seoteter 30, I.M $Ooteeder 30. 1989
f 62,340 = 164,605 { 40910,036
10,416,965 39,490,120 16,472,110
- 4,955,141 4,533,415
1,142,094 4,016,039 5,362,264
244,813 943,156 466,046
112,292 668,691 253,067
52,561 8,567,433 4,009,600
1,554,934 $86,223
4300541 930,642 890,641 4
1740316 4484233 518700371
5,050,652 14,010,244 6,1301112
61,506 134,193 84,308
120,127 1900000 -
S00 000
141,935, m 140,139,309
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CITY OF DENTIN. TEXAS
1
COMBINING BALANCE SHEET - UTILITY SYSTEM
SEPTEMBER 30, 1990
k
Electric I
LIABILITIES AND FUND EQUITY Svft"
,
tIMILITIES:
Accounts payable and accrued expenses f 2,225,111
Retainage payable 11,460 i C
A,-crued vacation Ieave 213,168 !
Deposits 1,431,191
Payable from restricted assets-
Accrued Interest 801,SS3
Revenue bonds payable, current 1,561,250 C
I Out to other, ffunds
I Revenue bands payable 26,546,880
j Notes Payable -
I
Total Uab111t11s 33s.D14.11z f'
FUND EQUITY:
Contributed dapltal
Fran other euniclpalltles or gdvermental units 13,060 a
to old of construction 1,223,616 , .
i ! Ratalntd earnings
Reserved for bond retlmont 5,914,116
19,21S.SS1
Unreserved
n
total Fund Equity Sd./91.113 I'
T
Total Liabilities and Fund Faulty
e
Il
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Totals for utility system
Water and
Sewer System September 30, 1990 September 30, 1989
j 413,998 j 2,699,/T5 j 2,041,696 1
10,194 117,644 39,989
118,034 361,502 36S,687
1,131,794 1,005,226
752,424 1,559,911 11120,125
10318,150 2,900,000 2,430,000
1,661,861 8,161,861 5,511,018
21,163,120 55,110,000 36,610,000
$3.659.1 ~g 0,650,188 -53,109,013
i
91,217,565 &a301,441 101.291.214
i
14,890,022 14,903,092 x4,903,082
e+ 20,200,587 21,432,263 21,0919310 a`.r
d
w .i 113430507 10,322,693 9,5346666
(2.930.331) 4G.345.230 10.916,316
h het
1 II
36311,185 93,003,250 -415,314
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CITY OF OENTON. TEXAS
COMBINING SCHEDULE OF REVENUES, EXPENSES ANO CHANGES IN RETAINED EARNINGS - r
UTILITY SYSTEA
FOR THE FISCAL YEAR ENOEO SEPTEMBER 30 1990 -
Electric Water and
Svst+m sewer S st 77
~ s
i
OPERAIING REVENUES:
Electric service 362,680,319 9 - `
9,131,901 j
Water service i
5,263,661
Sewer service - 1
Charges for services 366,211 r 9.44
Sundry
Total Operating Revenues 63,046, 15,070,009
OPERATING EXPENSES:
Purchased power 41,22A,3S1 1,111,110
Fuel 1,33?.201 100143 1
Purchase of water 4344,
20S 3,5464031
SalArles and Wages +3N~
Materials and supplies 389,560 $298124
Maintenance and repairs 10111,154 10361,241
Depreciation ;'866'590 3,42205227
Mlscallineous .006.5 2626 i,
10319.084
Total Operating Expenses 52,331,113
/,551.925
Income 10,107, 91
operating
~.i
NONOPERA11N0 REVENUES (EXP£NSES12 7,386,123 1,259,051
interest revenue (2,332,6991 (2,125,4851
interest expense and fisea) charges tl •SSQ) _(130,001) L
Other
Total Nonoperating Mvenues IExpeases) _{14.524) I1.696.132)
2,162,a93
,
Income Before Operating Transfers 1006326813
OPERATING TRANSFERS (CUT) (3,612,M) (2,996 ` 4061
C
100200141 166,061
Net IncOft
AETAINEO EAANINOS - MOW RETAINED EARNINGS - S+ptender 30 t S t-a
.T2-
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I
Totals for Utility SV$tem
Year Ended
Seotober 30. 1990 Seotetor 30, 1989 ,
$62,680,319 1,63,996,39S
9,134,904 8,512,433
5,263,661 4,567,069
366,211 229,240
19.144
70,121 ',~p~ 17,165,131
42,345,461 44,312,041
1,402,344 2,53S,134
18/,921 j
7,090,236 110100148
919,281 909,612
" 1 2,410,495 2,212,034 S
' " 6,209,11? 5,116,161
k
1,43 ,034 2,222,021
$2,058,211 65,993.101 I
15.266.322 J'J~iJlila
61
3,611,119 2,239,129 f. ;
) (1,102,310) ~4`;
(5,150,15141) (330, IAS)
130195,366 8,4764134 C
(6.301.43Sf 15,125,1021
11186,931 2,153,632
50 3
49.410.412 46,12713
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CITY OF OENTON, TEXAS
FOR THE FISCAL YEAR ENDED SEPTEMBER~V 199
SUMMARY OF INTERNAL SERVICE FUNDS
Working Capital Fund - to account for the financing of goods and services
provided by the Warehouse, Municipal Garage, and Machine Shop to other City
departments. Such costs provided by the Warehouse are billed to the other
departments at standard labor charges and cost of parts plus 12%.
Municipal Garage and Machine Shop billings include labor charges and cost
of parts plus 25%. Actual costs include depreciation on the building,
improvements, machinery and equipment used to provide the service.
oo1 Fund to account for the purchase of City vehicles not budgeted in
other ems. These vehicles are then leased to other City departments.
Monthly charges are equal to the vehicle cost less salvage value divided by
j expected life of vehicle.
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CITY OF DEMON. TEXAS
COMBINING BALANCE SHEET ALL INTERNAL SERVICE FUNDS
SEMTEMBE0. 30 1990 t
working
ASSET Capital Motor Pool t
cash and deposits 9 601 f 11,263
Investments 559 4,e50, 63
Receivables - -
Out from other funds 14560,646 -
Merchandise Inventory
fixed assets (Mat of accumulated depreciation) 293.951 2.621.011 e
fLlio.9is ,
Total Assets ILA=
it
LIABILITIES AND FINN) EQUITY
)
LIABILITIES: 125,633 { 162,721
Accounts payable and accrued expenses = 35,216 -
Leam payable 21,169 -
Accrued vacation and Sick leave
Cue to other funds 1,360,663
contractual obligation 2.130.000 J
I, ~ 1
Total Liabilities 1.512.913 2.592.121
,
FUND EQUITY:
Contributed Capital-
Frans other a~uniclpalltles or governa,ental units 2t31.S16 3~6B692,4664
Retalned earnings
4,516254
Totai Fund Equity X12.971
' '
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Told 1.14111002 and fund Equity IL130.93i
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Totals
SectPDer 30, 1190 Soptefter 30, M
{ 12,064 { 604,918
4,422,sos 1,910,343
50,122 69,932
433,000 1
1,560,648 1,305,331
92. 20,995 2,945,620
Zt1.469.158
k { 288,35/ { 21/,92) ~
r'i 3s,21A 920901
21,469 16,682
j 1,360,663 1,281,/16
i 2.0,0 0
1.2AS.000
2M,012 j
t . 101. 121,053 3,~93:i o {
4,571, M
5 • 1.1! 1.230
{ice LAWS
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CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES '40 CHANGES IN RETAINED EAPNINGS -
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL PEAR ENDED SEPTEMBER 30, 1990
` ~ E 1
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working 3
Capital for Pool
OPERATING REVENUES:
Charges for goods aQ services 13,771,957 $1,264,800
Mlscellaneous 13.084 14,310
Total Operating Revenues 3.785.041 1,219.11
f,
OPERATING EXPENSES: L"
Salaries and wages $84,311 -
Platerlals and supplies 20795,477 -
{ Plalntena"a, and repairs 210112 -
` Depreciation 27,156 113590103
Mlspellanwus 212,011 6.023 t-
I Total Operating Expenses 1,103,427 1.365.126 `
operating Intone (Loss) 61.614 (86.016)
Y
[tt[ NONOPERATINO REVENUES (EXPENSES),
f Gain (loss) on disposal (41,163)
111 Interest revenue 245,302
Interest expense and fiscal charges r 12.4111 (16].513)
total NonoperaLing Revenues (Expenses) 12.981) 31,626 ~I
Lj L
Net Inc" (Loss) 71.633 (48.390)
i-
RETAINED EARNINGS (DEFICIT)- October 1 W.V11) 140,124
i; RETAINED EARNINGS - Septaeder 30
1.
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Total$
Year Ended
Seotenber 30, 199 Sewto*er 30. 1989
(5,436,151 35,211,525
21,394 38.562
5,064,151 5,296,087
i
i
584,311 519,912
2,195,411 2,921,621
24,412 51,604
16386,259 1,186,264
210.03 212.331
E 5,061,553 4,957,760
a
(44,163) 11,638
245,302 22001
1166.491) _(130.613) E
131,933
30,243 460,252 f
693.110 ?#,9 M I r
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CITY OF DENTON. TEXAS
+h
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL INTERNAL SERVILE FUNDS
990 j
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,1
working
capital Motor Pool ° i
SOURCES OF WORKING CAPITAL:
r1 j
cipNettincame (loss) f 78,633 = (48,390)
Items not requiring working capital-
Depreciation 27.156 1,354,103
Working Capital Provided (Used) by operations 105,789 1,310,113 + I
Proceeds from sale of contractual obligation - 1.650.000
i Total Sources of Working Capital 105.799 2.960.113 i
USES OF WORKING CAPITAL:
ItmIsition of property, plant and equipment 52,791 1,025,988 7i
! ?aduction of long-term debt -
1
r j Total Uses of Working Capital 52.747 1,530,900
Net Increase in Working Capital
I ELEMENTS OF NET INCREASE (DECREASE) IN WORK1NO CAPITAL:
f,' E increase (decrease) in current assets-
Cash and deposits { 10) { (733,655)
` Investnrnts - 2st2,ia2
Accounts receivable (3s,936) 16,126
r: Inventory 265,311
<< Other current assets
151-,932 1.f23.411
(Increase) decrease in current liabilities-
Accounts payable and other liabilities (16,402) (4,043)
OW to other (Lreds (89.539) 10.291
(105,940) 6.248
i..
Net tncrem In Working Capital :1j=
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Totals
Year Ended
Septm*er 30. 1990 Seotetter 30. 1989
f 30,243 s 460,252
1,386.259 1186.264
1,416,502 1,646,516
t.650, 00 155.000
3,066,502 2.401.516
" ' 1,018,185 24S,000
_ 505,000 I. .059.009
1 583 185 1.304.009
' 4].l9iaslt s.3.G3iaiCi ~ ~ti
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= (732,854)
311,032,381) `
20SI21162 1,910,343
{19,210) 65,102
255, 311 1101,4")
-L~►444) .,..L~I~) j
1.582.409 623.690
J (20,445) 363,333
A19.247) 110./14
(99.692) 413.811
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' CITY OF DENTON, TEXAS
A
SCHEDULE OF REVENUES, EXPENSES AND CHANGES tN RETAINED EARNINGS -
MET AND ACTUAL - (BUDGET BASIS) - WORKING CAPITAL FUNS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Worklna Capital Fund
,
Variance-
Favorable
Budget , Actual (Unfavorable) I
1
OPERATING REVENUES:
Charges for goods and services $4,001,160 $3,111,9SI :(229,203)
Sundry 30,000 13,081 (16,916)
I~ Total Operating Revenues 4,031,160 3,785,041 216 119)
OPERATING EXPENSES:
Salaries and rages 519,656 $19,584 72
Materials and supplies 3,086,165 2,872,199 213,966
Maintenance and repairs 63,47n 22,696 40,174 j
Miscellaneous 211,894 254,998 16,896
j Capital Outlay 1!.138 7,139 8,599
r: Total Operating Expenses 4,016,923 3,136,616 200,307
'
Operating Income 14,231 40.4 34,14
I
i i NONDPERATING REVENUES (EXPENSES):
Interest expense and fiscal charges 12,991) (2,901)
Total Nonoperating Revenues
7 ' (Expenses) (2,981)
Net Inc" (4,237 45,444 31,207
RETAINED EARNINGS (DEFICIT) - October 1 f
{
' (Budgetary Basis) (47,048) (41,048) _
uia RETAINED EARNINGS (OEFICIT) - September 30
(budgetary Basis) (320811) (1,604) 31,207
ENCUMBRANCES AND CAPITAL OUTLAYS NET OF i
OEVRECtATION 33,11" 33,109
RETAINED FMINGS - September 30
(CRAP Basis) =.ALM U= L
-82- L.
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CITY OF OENTON. TEXAS
FOR-THE FISCAL YEAR ENDED SEPTEMBER 30. 1990
SUMMARY OF TRUST AND AGENCY FUNDS
EXPENDABLE TRUST FUND
Employee Insurance - to account for accumulation of resources for the payment
of employee insurance claims and insurance policies.
AGENCY FUNDS
Payroll - to account for the collection and payment of the City's payroll and
' associated liabilities.
Deferred Compensation - to account for the City employees' investment in a
h _
deferred compensation plan.
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C1TY OF DENTON TEINS 1
9$ 9
COMBINIK, 8ALANCE SHEET - ALL TRUST AND AGENCY FUNDS ~f
SEPTEMBER 30 1990
{
ASSETS Expendable Trust Fund
Cash and deposits
Investments 256,106
Receivables: 2,968,231
Accrued Interest
Other 50,511 j
Due from other Furds 36,788
H t
Total Assets l
~ 11A81UTIE5 AND Fl1ND BALANCE i-d
Accounts payable ,,,rrr
Clalma
~ payable { 31,841
_923.159 t
Total Liabilities j
961,300
1
Fund balance
I la
I Total Llabilitles and Fund Balance
' ` ' =3.31!.102
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Totals
Agency Funds September 30, 1990 September 30. 1989
: 591,913 1 848,019 11,139,321
- 2,%8,231 1,164,439
- 50,571 38,434
- 9,546 46,334 12,226
664.500 664.500 3,019,063
SLj6i.~5,g 11.51}"661 1
11,265,959 11,303,800 13,381,206
923,459 961,336
J 1,265,959 2,221,259 41354,542
- 2,350,402 2.118,,%7
si.,~.9sa 14"57, 1@ai~aS~
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CITY OF OENTON. TEKAS
STATEMENT Of CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30 1990 1
Balance
October 1. 1989
PAYROLL FUNO
it SSETS i
Other receivables t
Due from other funds s 100
3.009. U0 1
Total Assets =
LIABILITIES
Accounts payable
$3.009.510 A
Total Liabilities = F
OEFERAED COMPENSATION FUND 1
• ` ( ASSETS
i Cash and deposits
L370,081
' Total Assets
t~;~,'~ LIAB T1E
H5 ACCOUnts payable - due to participants f 370.087 tJ
9i
Total Liabilities
t } TOTAL AGENCY F11Nm, bSSETS
Cash and deposits c; .
Other recelvables
Due from other funds 3.009.110
Total Assets
=3.379.627
i
LIABILITIES
Atoounts payable =3.379.627
. 'i r..
Total liabilities sr~
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Balance
Additions Deductions Svpt"Nr 36, 1990
S 9,146 S - 5 9,546
y - 2,344.640 664,500
- S_ 9.146 52.344.6do S 61l•01fi
i
$ - $2.335.494 f 674.046
f ~ l : - f : 6r4-oa6
1
$237,133 { 15.301 5 591,913
SLii.J~l S 15.30} S 59
{
$237,133 5 15.307 $ 591.913
i
} SZ3Ll3i 15-,307 $ 54.E
I '
5237,133 $ 15,301 $ $91,913
+`w,J 90146
2.344.610 661.540
' SjlL.tl3 S1r3S9a9,4j $,1.?bS.9~
a'
$ 1.133 $2.350.801 $1.265.959
~ $iii.]33 52.iSQ~I 51aZ6i,9is
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1111OF DENTON TEXAS
FOR THE FISCAL YEAR ENDED SEPIEMBER_3041990
i
GENERAL FUND SUPPLENENTAL [N''ORMATION
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
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GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL ee etr..
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Variance-
Favorable
Budget Actual Unfavorable
GENERAL GOVERNMENT:
rl
i
Administration (0001)
Personal Services S 356,390 f 307,227 7,163 ^ 's
Supplies 12,930 14,913 (1,983)
Maintenance 921 1,013 (92)
Services 79,352 78,569 783
Sundry 11,128 17,075 53
Fixed Assets 250 207 43
464,971 459.004 5.961 ^
Code Enforcement (0036)
Personal Services 99,398 101,525 (2,127) ^
Supplies 5,450 6,502 (1,052)
Maintenance 1,408 1,637 (229)
Services 7,267 5,541 1,726
113.523 11S.205 (1.682)
Building Operations (0002) i'
4~~1 Personal Services 201,342 205,158 (3,816) d
$ Supplies 32,500 28,051 4,449
Maintenance 1176200 73,799 43,401 all
'Services 559,105 5_ B1 L
910.147 _ 888.149 _21,690
1 QUEST (0003) Personal Services 34,036 32,635 1,401
Supplies 29523 2,407 36 -1
Maintenance 23 23 -
Services 40169 3,659 510
Fixed Assets 4.604 1.604
45,355 43.406 1,917
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CITE OF DENTON. TEXAS i
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND AC NAL (CONTINUED)
FOR THE FISCAL YEAR ENOEO SEPTEMBER 30 1990
Variance-
Word Processing (0006) Bu et Favorable
Actual Unfarora le
Personal Services
Supplies S (18,908 = 150,535 f (1,627)
- Maintenance IS,SSO 14,S76 914
services 26,026 23,801 2,225
1.412 6.261 1.148
191.896 _ 195.116 21120
Personnel (0008)
Personal Services
Supplies 331,161 323,162 11,599
Maintenance 25,866 21,069 (203)
Services 3,160 1,881 11219
Sundry 58,868 50,083 1,795
6.002
430.655 _ 410.191 20 158
i lnOMIStidn Services (0011)
! Personal Services
Supplies 433,240 380,132 52,506
Maintenance 41,486 31,6!1 3,805
Services 98,032 19,063 6469
Sundry 249,541 232,614 16,937
Fixed Assets 250 233 1j
+ ~ _23.311 bI
1 1 ~ 22 1
I ,a r 4 1os.2ae ,
1 Legal A6114I1tration (0604)
PersoM~ Services
y^ Sup' pIles 31T'S~ 313,130 21154
w , Malntenane! 6,141 (644)
Services 901 1,109 (201)
Sundry 32,39 21,992 10,336
F(ded Assets 113 1,361
-144 02
11.099
w. .312.562 360.484 _ 2.~
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-91-
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CITY OF OENTON. TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Yarlin~e- „1
Favorable y
Budget Actual (Unfavorable]
i
Municipal Court dodge (0005) 3 1
Personal Services 90,135, _ ,135 3 90,336 1i 1201)
Supplies 1,800 1,305 495
Maintenance 400 39S 5
Services S.S80 4,829 751 1 I
97.91S 96.865 1,050
i
f Municipal services (0009)
Personal Services 148,565 148,017 546
! Supplies 3,577 305% 11
Maintenance 366 305 61
Servlees 13,208 11,594 1,614
Sundry 400 374 25 r
Fixed Assets 6.009 5.767 242
172.125 169.S63 2.562
E Library A6otnlstratioo (0070)
Personal Services 120,356 122,312 (21016)
Supplies 16,600 16,%5 ►5 e
Maintenance 1,650 1,615 35 .-I
Services $2.0% 62.114 (9.523)
141.502 _.293.31 111.469)
Library Support Services (0072)
Personal Services 31707% 3040782 13,014
Maintenance 10900 1,993 (93)
Services 2.850 31129 (279)
A
12,642
Library Adult services (0073) z'>
Personal Services 160,719 159,901 882
Supplies 40967 4,825 142 j
Maintenance 450 291 1S2
Services 36,472 35,361 10111 ?
Fixed Assets
$4,026, $5.1:7 (tot)
'
251.604 _.255.5.18 2.01b j -
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CITY Of OEHTON TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
MET AND ACTUAL ICONT)M1ED)
FOR THE f[SCAL YEAR ENDED SEPTEMBER 30 1990
Variance-
- 8udaet Favorable
Aetnai Unfavor le
Library Children services 10014)
Personal Services
supplies S 138,811 : 139,289 = (412)
Services 2,000 2,000
Fixed Assets 500 464 - 36
Finance Administration (0020)
{ Personal Services ap
` supplies 211,091 183,396 210701
maintenance 1,115 20565 10610
Services TOO IO 90
Fixed Assets _ 21,E 18,812 2,664
- 231.194 --Awl
32.982 . ,
Purchasing (0021)
Personal Services
Supplies 191,16E 1710509 !3,651
f Maintenance T,rw 9,075 (1, 57
Services 2,000 433
21.1 1,161 ~
tustaner Service (0022)
Personal Services I y
Supplies 6140941 5590215 SS, 126
Maintenance 120,10E 1250914 (5,205)
_ Services 4,500 680 3,820
f fixed Assets 1-2$"g ~ i6,6~ 56,0/0 ~ K
I - ~$I¢u 163 112,903
Cashiering (0023)
( Personal Services
Supplies 2018129 113,823 (61694)
maintenance 3,400 3,072 326 ;
- Services 300 378 (78)
r 6.3
l i
J
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Y.
CITY OF DENTON. TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
1 BUDGET AND ACTUAL (CONTINUED)
FOR THE FSSCAL YEAR ENDED SEPTEMBER 30 1990
J t
I i
Parlance-
E 8u et Actua I Favorable
Accou,,ting (0024)
Unfavora le
i Personal Services {
Supplies > ,8% { 309,93b
394 4,960
Maintenance 13,350 16,565 (3,215)
Services 720 594 126
fff Fixed Assets 12,960 12,096 064
452 48 t
!22.!26 419.643 2.183
Tax (0025)
Personal Services
51,302 510566 (264)
Supplies
maintenance 0,195 6,803 1,312
05
r Services 2 1,6323 62
f'
~ ~ 10 1 97
Municipal Court Clerks (0026)
A
Personal Services 186,260 180,60
Supplies
% S,S12
21,401 16,635 4,166 kl
Maintenance
Services 700 657 43
?SO
l Fixed Assets 4• SjS35 4,215
Flume Aiftinistration RISC. (020M) ~senle~~
f sundry 1761'B sm p984
6225.915 1tI M
935.397 6A0.431 _ 251.96
6
Accounting Mitc. (02/M)
U
i
Personal Services 105,800 105 No
S
;
ervices nee 180,000 119,871 60,124
losw
Sundry 561,256 567,196 80
C
--311.675
.-.111+914 202.721
i
1- 866.615 361.716 r~
j
t ~ 1
I
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CITY OF DENTDN. TEXAS l
I
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUOGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1990
Variance-
Favorable
Budget Actual (Unfavorable)
- Planning and Development (0015)
Personal Services s 378,$55 = 360,0% = 16,159 i
Supplies 21,:00 19,678 1,522
Maintenance 850 $33 317
Services 41,870 39,306 2,562
Sundry --M lo
~2.960 3,350
"9168S 422.47S 26,210
{ Inspection (0011) 1
} - Personal services 309,923 303,312 6,611
Supplies 11,528 -0,925 603
Maintenance 3,792 5,562 (14774)
services 13,669 I
10,356 3,313
Sundry 270 229 41
Fixed Assets 4,533 _ 3.362 _ 1:111 E
r 343,715 i
Planning and Development Misc. (01SM) Y
1 Sundry 150,800 161,991 i?.E42)
{58.4 __14!.491 (3.141) 4
i
i
f
Total General Goverment S.JUM S {.16w= ff
F' I
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1 ,
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I Mt%.~gn„
I
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CITY OF DENTON, TEXAS
i
GENER._ '',NO - SCHEDULE OF EXPENDITURES -
BUVGEi AND ACTUAL WNTINUEO)
FOR ThE FISCAL YEAR ENDED SEPTEMBER 30 1990
Yarlance- I
Favorable
Bu t Actual kfft2rable v
'UBLIC WORKS:
Engineering (0010) l i
Personal Services = 856,'38
Supplies f 850,515 : S.763
Maintenance 28,280 28,235 45
Services 10,851 11,231 (386)
29.412 3.234
r,, II t _ 9284145 _9 t9.489 _ 8.6%
Transp0114110n Englneering (0012)
Personal Services
{ Supplies 215,581 211,263 4,318 i;
f Maintenance I0,831 91241 1,590
Services 104,100 98,961 S 139 4
35,611 23a.« 13.196
Airport (0019)
Personal Services
Supplies 18,800 18,101 613
Maintenance 41150 S,480
j Seal^es 3,955 3,660 (295 V*,
Sundry 81316 84281 84
96.299 2e2 r
COMnlty Services ABelnistration (0030)
PerwAl Service= 119,564 144,134 130
Supplles 1 810
Maintenance 41024 !16
1m 2. w
Sundry es 12,228 1,636 (4,592) t.
-17
W
t,
163,
4.302 I'
Street Patching (0031)
f
PersoMl Services
Supplies 340,523 315,611 (5,151)
34 120
Maintenance ~ 13,951 (41829) L
Services 4-11 O"S 29, 24,1
803.125 36.910
-46-
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NiVI
CITY OF DENTON. TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
EV. THE FISCAL YEAR ENDED SEPTEMBER 30 1990
Variance-
Favorable
8u t Actual Unfaronbl•
Street Sm,+ing/Drainage (0032)
Personal Services = 225,462
Supplies 221,971 f 12,515)
Maintenance 33,204 36,791 (3,581)
services 90,251 87,041 3,210
Fixed Assets 22.W 11,694 80154
_ 31.A20 29.79! 2.026
f 103.585 396.29) .288
Street Construction (0033)
Personal Services 296,363 299,266
Supplies (2,903)
Maintenanct 281,815' 2852050 (1,151!
Services 13,235)
Fixed Assets 90
22 993 1 12.493 16,963
_ 12.7
0,674
J Street Lighting (0034)
Services
E 373, --3 S.IS6 x22.156)
I ~ 373'000 I56
i
Enrironarntal Ikalth Services (6035)
Personal Services
Supplies 111,359 117,451 199)
Services x,,13 3,6b 10120
4 4.~ x.263
_ 129.612 _ 12S.3M 4,214
i
r ,
Animal Control (0014)
1 r;
Penonat services 205,620 198,917 6 703
MAIntenanee 23,385 180143 5,242
Services 12,800 1,532 S261 !
Fixed Assets .951 5:620
3,025
W-547 252.6 22.90T
Total Public works
f
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1
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at
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Vi AyW
C11V_OF DENTON. TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR MD SEPTEMBER 30 1990
Variance-
Favorable
8u et Actual (Unfavorable) r
PAR' 8 RECREATION; r j
Park, b Recreation AOninlstration (0060)
1 Personal Services LZ 170,669 : 149,000
Supplies f 21,669
Maintenance 31,750 29,566 2,184 ;
1,500
Services y 25,128 27,316 202
Sund
E ry - 300 238 (2,218)
62
229,341 207.110 2 69
Recreation (0062) f
Personal Services
supplies 610,691 6410928 36,769
k Maintenance 591931 62,292 (2,355)
Services 65,825 16,276 47,549
E Sundry 189,609 235,891 (46,202)
Fixed Assets 566
10,033. _Il.~ E 116)
s ( LDOS.161 969.912 35.195
Park Malntnunea (0064)
1 Personal services 1300120 734,264 3,064 i~1
Supplies 66093S 620963 3,912
AlIAtI ante 93,450 101,978 (14,520)
f Sundry 1120905 91,352 211633
Fixed Ascots !50 I,TIT (11567)
_ 30.ooo 2•. ►n _ Low
1+411a~1 1.026.460 _ 1S.1e2
Total Parks 6 4creatlon
:3e ~ 3 mum j
r j
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~ ~re .n.xs
CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE Of EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30. 1990
Variance-
Favora0l!
Budoet tual fUnAvonDlml
PUBLIC SAFETY:
_ Police (0040)
Personal Services f 4,57S,120 S 4,494,884 = 80,944
Supplies 211,561 113,882 26,685
Maintenance 111,616 163,562 (13,816)
Services
J Sundry 45201% 42,1T3
39,623
13,146 9.146 4,300
Fixed Assets SS,N! 1 S1 13.311
S .4S1,612
5,306.86S 150aLt n'
i Fire Administration (0050)
Personal Services 330,250 308,804 21,116
Supplies 25,200 21,186 (2,215)
Maintenance
51,008 54,006 3.002 ' .
I Services 101,333 101X491
Sundry !00 261 533
Fixed Assets 1.1)3 8.102 )
$29.704 50,156
} Fire Operations 10051)
Personal Services
2,822,191 2,918,141 (1560250)
Supplies 610200 61,064 6,)36
FialnteMlkl 31,916 S1417 (12,111) a"1
Servic" 144,241 118,609 (34,261) "i
1 fixed Assets 106,16S 43.636 6,519
P
3.112.116 ] 3WaU,~ (90.321)
v
i r
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'41 V
i
CITY Of DENTON, TEXAS
i
GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30. 1990
Variance- `
i
Favorable
Sudoet Actual (UnNvarable) j
Fire Prevention (0052)
Personal Services $ 146,141 = 123,687 : 23,154
Supplies 3,700 4,255 (555)
maintenance 7,000 7,423 (423)
i Services 10.141 _ 10.133 314
1681288 145,798 22.490
Emergency Medical Services (0053)
Personal Services 6710913 660,491 9,422
Supplies 51,488 41,836 9,652
Maintenance 20,675 146529 6,146
Services 118,004 87,080 30,924 {
4 Fixed Assets 2.666 599 _ 2,067 M JJ
`4 ~1 e
070,746 012,535 50.211
a Eeergency Manag ant (0007) 1p~~
1 Personal Services 47,853 47,606 247
Sulies
Maintenance 6,163 3,821 21303)
I,S1o 1,013
Services 12.483 14,350 81.1161)
ti 68.0" 67,,x¢ 413
,
total Public Safety
=JOet~IeiAi = f
J0e20ia3T3 ,..dl.lli
ORANO TOTAL GENERAL FU1D 61"2 ~i .r
~.f t
I
Too-
MTt 15 ICAL SECTION
i
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IMNIGY.[41+£i'afpko.6e++~"Wdt.itlw r• ,w n;:ha a yrr
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i
` CITY OF DENTON, TEXAS
GENERAL GOVERNMENT EXPtNOITURES
M
BY FUNCTION (1)
j LAST TEN FISCAL YEARS
I
Fiscal General Public Public r
Year Government Safety
_ Works
1981 f 3,992,254
$4,173,188 $1,077,134
1982 4,348,188 4,805,245 10208,589-
1983 4,170,991 5,020,458
2,180,879
1964 4,673,090 5,531,882 2,785,622
1985 6,191,869 6,363,330 3,071,489
1986 6,501,953 70156,369 3,650,350
1987 714981530 19742,987 3,630,411
1988 8,468,435 8,318,904 41040,489
1984 10,842,100 9,150,314 4o367,287
E 1990 10,410,382 10,184,816 a,228,457
,
,
y
(1) Includes General, Special Revenue, and Debt Service Funds ,
14
t (2) 1981-1982 Capital Outlay also included In Departments) Totals
Difference due to advance refunding of General Obligations bonds and
Certificates of Obligation in November, 1985.
-102-
~1
u
I
i
Table 1
x`
I
Parks and Capital Debt
Recreation Other outlay _(2) Service Total
$ 936,673 $4210490 : 378,642 $1,959,547 $12,560,286
1,137,957 352,673 256,346 16882,987 13,735,639
10257,726 - 513,377 1,746,561 14,889,992
1,498,226 - 3850783 2,392,858 17,267,461
r 1,719,742 - 1,016,119 2,419,528 20,782,077
2,110,862 - 1,044,401 151,146(3) 20,651,081
f` 2,252,215 - 390,359 3,6631923 25,1791485
2,30b,053 - 448,593 41764,783 21,747,257 i
2,3970948 - 403,533 5,508,631 3r,669,813
2,645,692
- i ! ~ - 574,721 4,586,142 32, 690,.0 '
t ~ 3 +
J
-103-
'-^w'ak~4iSfI~W W1i\.. r4..Vf1♦a.;':Nk.v Vr rl...r{..M a ~r 'Jk'.'1'.a lufff. .(R1. J~.ri W.:.l ~vf\.n u'~v ♦•`..c.v,uy,r.N.aa.~\Ni..i~sev...na..~.-. .
I[
M
Mai 7
CITY F OENTOk, TEXAS
/A
GENERAL REVENUES BY SOURCE (1) ii
LAST TEN FISCAL YEARS
Licenses Utility Inter-
and Franchise Governmental 1
R venue
Fiscal Taxes Permlts_ Fees a
' 232,940 $1,258,829
1981 3 6,992,999 $ 82,494 f 985,405
7,8950579 96,943 330,694
1982
213,490 361,931 1,036,903
1983 8,819,953 i
303,125 418,680 826,575
1984 10,405,911
484,171 1,270,019
1965 11,845,499 356,661
317,960 107910435
13,8380013 379,238
1986 1,123,194
i 1508650362 2800111 426,319
1481 ki
211,99 650,819 1,179,092
1988 11$94,835
' 222,156 5950142 116818445
1989 18,574,210
261,080 51701$6
1,480s669 1990 18,9961832
I , 1
.1111
1
(1) Includes General, Special revenue and Debt Service Funds
-104-
,
Y„
e
10.
Table 2
- Fees for Fines and Interest Miscellaneous
rv a Forfeitures Revenue Revenue Total
3 207,385 2470140 $165,635 $ 216,508 = 9,403,980
186,716 3910510 153,435 365,067 10,411,349
2450808 561,274 110,189 4690270 11,8240764
J 494,212 616,826 192,196 642,452 13,9000511
1,168,673 715,044 3300026 272,088 16,4420181
1,050,070 659,194 245,555 836,803 199178,268
z ;'A 1,128,764 7800748 3470415 918,6S6
20,870,624
1,312,662 1,1440911 600,178 110060108 23,S00,665
1,2981206 1,232,766 8080280
21073,450. 26,486,255
y. J 1,297,881 182570651 748,200 1,485,608 26005,107 z,
j ~
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i CITY OF DENTON, TEXAS
E PROPERTY TAX LEVIES AND COLLECTIONS
01
LAST TEN FISCAL YEARS
Percent Delinquent
Fiscal Total Current Tax of Levy Tax
Year Tax Levv collections collection Collections
1981 S 4,3590541 $ 46062,043 93.17% $107,472 I
1982 4,9300971 40746,613 96.26 137,078 +I
1983 503760210 5,122,101 95.27 1480747 {
1984 5,995,965 (1) 50786,881 96.51 1660763
1985 6,808,814 (1) 6,6250734 97.31 167,360 yi
1986 80515,906 (1) 8,164,114 95.86 228,806
s 1987 10,8011306 (1) 10,474,516 96.97 303,649
1988 12,192,485 (1) 11,741,034 96.30 313,375
1989 12,646,346 (1) 1202819164 91.11 441,851
61
i 1990 1301670415 (1) 12,719,236 96.60 336,907 ?
i '
L
ct
(1) Denton Central Appraisal Olstri
• i 1 1
II ~I
I E
f I M
f
r
. A Y
ffj Table 3
Total Outstanding
Collections Delinquent
as a Percent Outstanding Taxes as a
Total Tax of Current Delinquent Percent of
7 Collections llvv Taxes Current Levy,
49169,S1S 95,64%
i >i 585,785 13.13%
41883,691 99.04 723,596 14.67
5,2700848 98.04
1,0650234 19,
81
I
a 5,953,644 99.29 1,269,189 21.17
6,193,094 99.71 1,359,571 19,97
8,392,920 98.54 100190080 11.97
101778,165 49,79 1,042,149
93S
12,054,404 98.87 19064,131 8.73
12,723,015 100.61
1,133,847 8.97
13,056,143 99.15 192750664 9.64
I .
f
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J -107-
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F F
9 w
CITY OF DENTON, TEXAS tI Ir
ASSESSED AND ESTIHATEO ACTUAL VALUE OF
TAXABLE PROPERTY
LAST TEN FISCAL YEARS
x
{ Real Property Personas Property
Fiscal Assessed Estimated Assessed Estimated
k Year -V81ue Actual Value . Value Actual Un
1981 $ 246,205,248 S 41093420080 S 91,743,693 51520906,154
1982 450,132,254 4500732,259 212,101,824 212,1040829
I{I! 1983 (1) 831,391,479 831,397,479 21805490070 218,S49,070
1984 (1) 90103340506 901,334,506 226,252,045 226,252,045
r";4 1985 (1) 919,443,824 9190943,824 234,092,434 234,Q92,434
1986 (1) 1,1760422,567 1,176,422,557 2619120,891 261,120,891
1987 (1) 1,521,6361234 10521,636,234 298,827,706 298,827,106
1988 (1) 1175818600855 1175868600855 29104330722 2910433,722
1989 (1) 1,833,449,786 118330449,185 304,911,159 304,911,154
1990 (1) 1017606149695 1077606140695 3620386,866 362,386,866
a rly
(1) Denton Central Appraisal District
f
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I
I
Table 4
_Total Ratio of
Assessed Estimated Total Assessed to
Ya1ue Actu l lue Total Estimated
Actual
t 337,948,941 Z 563,248,234 60%
r 663,437,088 663,43],088 100
f 1,049,946,549 1449,946,149 100
1,121,s86,S51 1,127,586,SS1 100
1,154,036,258 1054,036,258 100 t,
F .
1,4430543,458 1,443,543,458 100
1,820,463,940 1,820,463,940
100
2105092940577 2050,2940571 100
2,138,360,946 20381360,945
100 t
2113910019S61 2,13900018561 100
L
-109-
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yM'R1.PB ! ~ 1
tl) Table 5
CI1Y OF DENTON TE%A5
Ii
PROPERTY TAX RATES AND TAX LEVIES
DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS i
P
I
TAX RATES fPer t100 4f Assessed Valuation) s
j Fiscal School
Year QA!L Oistric County tat Total
1981 1.2400 1.250 ,7700 .00
! 1982 0.7740 1.220
1903 .2370 06 3.3100
{ 983 0.5100 0,730 .1665 2.2310
i 1984 0.5600 0.810 00 1.4065
1485 0.5900 0.880 .2120 .00 1.5820
1986 015900 0.850 •2110 .00 1.6816
1987 0.5900 0.790 •1750 .00 116150
1988 0.5928 2308 .00 1.6108 "
1989 0.710 .2254 .00 115882
1990 015928 0.830 .2259 00 1.6487
0.6183 1.065 .2410 .00 1.9243
The tax rate decreased in fiscal year 1982 pursuant to an increase in assessed
valuation from 60% to 100% of estimated actual value of 811 taxable property,
Fiscal ~itv School
`Y49C' -411SL sS. --County- State ~Totat
1981 3 4,359,541 f 8,323,653 f 5,163,606 -
1982 4,930,971 8,736,514 6,846,688 _ =18,146,800
1983 5,376,210 8,847,258 9,012,748 20,514,113
1984 500959965 23s2360216
1985 6,808,814 11,833,437 10,209,061 25,012,901
1986 8,516,906 14,290,080 11,164,543 - 28,851,315
1987 10,801,306 16,619,325 19,4140002 33,971,529
1988 12,142,485 18,284,191 21,441,410 _ 46,834,633
1989 12,646,346 20,604,393 22,845,154 51,974,752
1990 13,167,415 25,907,750 24 814,386 56,100,893 r 4
63,889,551 ;
SOURCE: Oenton Central Appraisal District
al ,
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~ +was
f
a
L
. i Table 6
CITY OF DENTON. TEXAS
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN F15CAL YEARS
Total
Current Current Ratio of Assessments Current and
Fiscal Assessment Assessments Collections Collections Delinquent
Year ---0 LqCollected to Amount Due Aduitments Assessments
571,856 $145,389 ;
1982
7,490 1370899
1983 - - - S00 1370359
1984 549,992 3D7,OOS 55.8% 5,137 375,249 f
Jh r„..'
960020 279,229
1986
'p~ - - - 2790229
1987 - - 279 , 229
1988 -
90,711 188,518
1989 - 1,765 - - 186,753
1990 - - - 97,036 89,717
,h~~'
E
. 'Yl~ikk'3~I~,7i~1f~1~1:a14u ffol:W !a~%iY~ik'. ~ .p.:.i vttFA .,,t~'v'..::d.,:S L'a.erSiiN n,:~.hr.I•h.*r•s i+w:w.Y!.h.,. '
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3
a 1
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1 i
CITY OF DENTON TEXAS
s'
I
RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA
LAST N FI5 L YEAR
I TE CA S
Fiscal Assessed Value Gross
Year letio fin tNousands_1 Bonded Debt
1981 51,912 (2) f 337,949 =150364,488
1982 S3,527 (2) 663,437 (1) 14,247,000
1983 53,892 (2) 1,049,947 16,817,500 i,
' 1984 540413 2
t.~ 1,1270587 150552,750 1985 60048b (2) 1,154,036 24,2800000 a'
's^r
1986 64,365 (2) 10443,S43 230726,730
1987 650775 (2) 1,8200464 27,956,730
671988
,000 (2) 200500295 30,231,730
}y 1989 681S50 (2) 2,138,361 32,071,730`] P.I.
1990 69,284 (3) 2 139 002
{I ~ ~ 32,111,730.
(1) Assessed value increased due to an increase in assessed valuation from 60% r
to iM% of estimated actual value of taxable property
(2) City of Denton Planning Department (Revised 1988)
(3) U.S. Census estimate of 65,669 is under dispute.
f
f -11?-
,x.
4 ~
owl
-able 7
I
Less Ratio of Net Net
Oebt Bonded Debt Bonded
Service Net To Assessed Oebt Per
nds bonded Debt Value capita
F's 23,030 $15,341,458 4.54 $296
300831 14,216,169 2.14 266
A.
340049 160783,451 1.60 311
284
J 91,265 15,4610485 1.37
6050541 23,6740459 2.05 391
t P I
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1,241,326 2204790404 1.56 349 ;
1.44
rf . l 10695,340 26,271,390 399
1,912,928 28,3180802 1.3E 423
30,939,674 1.45 451 i`
yLL 1,132,060
Tf 453
t{t{ 722,476 31,389,254 1.47 f
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Table 8
OiAW it
CITY OF DENTON, TEXAS j g
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 1990
{
Net Assessed Value (2,139,001,561 r,
Plus Exempt Property Total 281,243,181
Total Assessed Value 62.420._ 2_
i
Debt Limit - No debt limit is mandated
by law but the City does recognize
six percent as an economic limitation $ 145.214.684
Amount of debt applicable to debt limit-
Total general obligation bonded debt $2698460730
Certificates of obligation 40995,000 r
Contractual obligation 270,000 32,111,730
' Less- Amount in debt service fund available
for payment of principal 722.476 k
V Total Amount of Debt Applicable
to Debt Limit 31.389.25
t
Legal Debt Margin UIUA= } r{
I
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-114-
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1
Table 9
CIT1 OF DENTON TgXAS
S t.
COMPOTATION OF DIRECT AND OVERLAPPING DEBT
SEPTEMBER 30, 1990
Percentage Amount
Net Debt Applicable to the Applicable to.
Jurisdiction Outstanding City of Denton (1l city of Denton
{ City of Denton $31,389,254 100.0% 331,3898254
ti
Denton Independent
School District 400500,000 84.0 34,020,000 F
F
Denton County 808790295 21.4 1,900.1-ki
} Total f~L43+4Zt r
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(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 1
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11 0_1 DENTON TEXAS
ff 4i
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR f
! GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES (1)
LAST TEN FI CA YEARS
2
Interest
Fiscal and Ratio vi
Ye r Fiscal Total Debt Total Debt Servce
Ch
a__ Princfgai r e S rv!c ~ x nditures Expenditures
E
61,117,327
~ 1981 = 842,220 Y1,959,547 $12,560,286 15.60%
1982 1,1230750 759,237 1,882,987 13,735,639 {
• 13.71
1983 1,047,750 6980811 1,746 561 1-4
t 14,889,992 11.73
1984 1,264,750 11128,108 29392,858 17o267 461 ~
1985 1,417,385 1 002 143 13.86
2,4190528 20,782,077
+ 11.64
1 1986 1350438 21,708 157,146 (2) 2006610081 3-'
0.76
1987 8600000 2,803,923 3,663,923 25,178,485
14.55
1988 2,1409773 21024,010 4,164,783 27o7470257 t«
~ 75.01
'
' 1989 3,314,167 2,194,464 5,508,631 32,669,813 16.86
y 1990 2,263,091 2,323,349 4,586,440 32,6900508
~ 14.03
„
(1) Includes General, Special Revenue and Debt Service
(2) Debt Service variance due to 1986 refunding of debt
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j CITY OF DENTON. -TEXAS
1 _ '
REVENUE BOND DEBT SERVICE COVERAGE
LAST TEN FISCAL YEARS
1
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Direct Net Revenue
Fiscal Operating Operating Available for i
k
, Service_
Year Revenue Exoenses (1) Debt
667,378 $25,084,412 $ 5,5820966
utility system 1981 $30
1982 370568,915 30,729,685 6,839,230
E
1983 41$16,356 338236,664 8,139,681
1984 55,639,035 390765,633 150873,402
1985 670541,640 52,104,589 15,43],051
r?.
1986 1305079S'8 580911,014 14,5960964 i w
Ay 1987 73,120,971 59,8290447 13,291,564
1988 13,383,5S6 61,203,158 12,180,398
1984 77,365,137 60,247,323 170117,814 _
1490 18,124,549 56,5699160 21,5550439
(1) Excluding Depreciation.
{
-118-
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Table 11
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' I
Deb Service Requirements
Princical interest Total v ra
1.96
31,314,503 $1,531,755 $208460258
1,298,459 1,542,153 2,840,612 2.41
1,540,000 1,073,531 2,613,531 3.11
21060,000 203360112 4,396,712 3.61
3
j 1,735,040 3,900,606 5,635,606 2.74
1 i
z oas 000 3,880081 S0925,181 2.46
1
:
2,024,040 3,462,534 5,4829539 2.42
29115,000 3,338,428 5,453,428 2.23 1
2,250,000 3,3880811 51638,817 3.04
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5
2,430,000 3,261,456 ,691,456 3.79
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CITY OF DENTON, TEXAS y j
s 1
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
I ~
i Commercial Construction (11
Fiscal Property Value Number
Year (in thousands) of nits Value
1981 3 563,248 202 327,573,759-'
1982 6630437 210 110846,452
1983 1,0499946 221 7497770113
1984 1,127,587 291 81,264,076
1985 191540036 545 880769,181
1986 1,443,543 450 410452,104
1987 1,820,464 227 .460619,495
1988 260500295 113 21,9270481
1989 2,138,361 150 31,375,513 J
i f 1990 261390002 134 6,427,910
,}L
• 5
(1) City of Denton Planning and Development Department Estimate L~
(2) City of Denton Chamber of Commerce Estimate ;
-120-
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Table 12 1
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Residential Construction (1)
Number Bank (2)
r of Deposits
Units Value {in thousanEsS
' 342 :12,9634987 $254,567
683 266214,973 289,979
233 26,386,660 368,OOS
S64 49,273,898 385,000
}Y~ 618 49,995,190 475,179
673 54,972,728 S610819 }
I 457 33,417,130 4571504
} 304 24,577,039 4480056
256 21,241,087 641,485
316 20,249,511 7140892
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Table 13
I
CITY OF DENTON, TEXAS
I
PRINCIPAL TAXPAYERS
- SEPTEMBER 30. 1990
Percentage
of Total
Taxable Taxable
Assessed Assessed
Nome of Taxpayer !find of Property Valuation * -Valuation
Peterbilt/Paccar Diesel Trucks 9 46,733,049 1197%
General Telephone Telephone Utility 41,8629080 1.76%
Ilj Tetra Pak Packing Manufacturing 38,430,379 1.62%
Texas Instruments Electronic
Manufacturing 29,641,294 1.25%
Andrew Corporation Electronic Equipment 210465,644 0,90%
,j Victor Equipment
Company Welding Equipment 210384,973 0.90%
! Notami/lif*mark/ Hospital 6 Professional
k AMI North Togas Building 20,269,143 0.85%
ff Acme Brick Brick Manufacturing 16,6151721 0.70%
E
Denton Center Joint
Venture Shopping Center 14,267,316 0.60%
{ Golden Triangle !
Mall Shopping Mall 13.944.576 % t
TOTAL =2~'B1 ILW
' Source; Denton Central Appraisal District reported property value, 1989. '
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CITY OF OENYON. TEXAS
SCHEDULE OF INSURANCE IN FORCE ;
SEPTEMBER 30 1990
r
The City of Denton is largely self-insured. This includes but is not limited
to the first $50,000 of each property loss and $250,000 of each workers'
. t compensation loss. However, liability policies are Purchased
paramedic/EMT, recreation program, diesel fuel, and employee o dishonesty
exposures. Losses that are not retained by the City are covered by various tt~
Z insurance companies including;
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EXPIRATION
. INSURANCE COMPANY PREMIUM POLICY NO DATE
1. Arkwright Boston 3 47,014 390695
10-01-91
2. Arkwright Boston 106,801 290609 10-O1-41
3. U.S.A.I.G. 4,000 AL01452 10-01-91
(Frank B. Hall and Co.)
4. Texas Political Subdivision 9 of Paid HO 165 10-01-91
(Employer's Casualty Co.) Lcss/Contra-
button
S. Western Heritage Insurance Co. 1,814 CLP0107436 07-19-91 C
6. Western world insurance Co,
69773 GLA318087 01-31-91
7. Employers National Insurance Co. 12,661 CEF-8-3410967 10-01-21
8, Appalachian Insurance Co.
250 YA242 11-01.91
9. Western Heritage Insurance Co. 3,795 RRPN-773-915-7670 10-01-91
10. Western Heritage Insurance Co, 10615 CLP-0107461 09-07-91 C
11. Trinity Universal Insurance Co. 266 GL 74690440005 11-21-90
~ a I
-124-
' ro Table 14
i -
}I + I.
f
{ AMOUNT OR
Y _ COVERAGE LIMIT
1. Boiler and Machinery
I f 7306900000
2. All Risk Coverage 5106720000
3. Airport and Hanger Keepers Liability 500000000 i
4. Workman's Compensation 1000000060
c.
5. Recreation After School Program - MLK 1,000,004
6. Ambulance-Professional liability 500000
7. Equipment ($10,000 Deductible) 1,6009000
} S. Transportation 100,000
9. Recreation Center - Medical 10,000
10. Recreation After School Program - Dania 100000000
11. Liability - Senior Citizens Domino Club 11000006
i
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I CITY OF DENTON. TEXAS
DEMOGRAPHIC STATISTICS
LAST TEN fISCAI YEARS
j
Fiscal Per Capita Median
Year Poouiation {1) come 1 Aae (l)
1981 51,912 37,390
25.1
1982 530527 71500 25,3
1983 53,892 70800 2S.S
1984 54,413 8,040 25.8
i 1985 60,486
80615 29.2 4
1986 640365 9,746 21.4
4
i 1987 65,775 90750
Y, 27.5
1968 67,000 90750
f 21.5 ;
1989 680550 90750 26.2 }
1990 69,284 90150
28.2 "
(1) Planning and Community Development Department's Estimate .r
(2) Oenton Independent School District Estimate
(3) Texas Employment Commission Estimate C i
U. S. Census estimate of 65,669 is under dispute.
Estimate as of October 1990
-128-
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Table 15
i
Education
Level In
School Public School Unemployment
Years 1 . Enrollment (21 jute (31 15.5 80200 4.3%
15.8 8,365 5.8
15.8 8,481 6.8
15.8 8,914 3.6
15.8 91518 7.5
15.8 9,919 8.2 I
15.8 91899 8.4
15.8 100180 6.2 i
15.8 10,696 as 5.4
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„ Table 16
n
i
CITY OF DENTON, TEXAS
r
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30. 1990
form of Government Council-Manager si
Area 61.0 square miles
Date of Incorporation September 26, 1866
Miles of Streets 300
Number of Street Lights 40471 E
Fire Protection:
Number of stations 4
Number of firemen and officers
(exclusive of volunteer firemen) 92
hl
Police Protection:
Number of ststions 1 r
Number of policemen and officers 109 M
Municipal Electric Department: P
Number of customers 260978
Annual Electric production 798olSOoOOO KWN
Average Monthly Consumption 63,523,135 KW41
Miles of electric line 381.5 miles
Municipal Wetar Department:
Number of customers 17,609
Annual Water production 4,456,315,000 gallons
Average Monthly Consumption 371,3600000 gallons
Miles of water main 325 miles
municipal Wastewater Department:
Number of customers 169305 '
Miles of sanitary sewer 321 miles
Annual Wastewater Discharge 3,461,104,000 gallons/year
Building Permits Issued 450
Recreation and Culture: W
Number of parks 16 with 542 acres i
Number of libraries 1
Items in circulation 134,967
I
Employees (All Funds):
Exempt 161 L.r
Nonexempt ICI
Total
-128-
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