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A. ° Comprehensive Annual Financial Report
September 30, 1992
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CITY OF DENTON, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT J
For the fiscal year ended September 30, 1992
Prepared by the
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CITY OF DENTON, TEXAS
FINANCE DEPARTMENT
CITY MANAGER
Lloyd V. Herren
t • EXECUTIVE DIRECTOR OF FINANCE
John F. McOrane'
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TABLE OF CONTENTS
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INTRODUCTORY SEC770M.
Transmittal Letter ......................................................I
Ceiiificate of Achievement . . . . . . . . .x
Organization Chart .....................................................A
Llatof Officials .......................................................xii
FINANCIAL SECTJON;
Auditors' Report .......................................................1
General Purpose Financial Statements-
Combined Balance Sheet • AN Fund Types and Account Groups . . . . . . . 2
Combined Statement of Revenues, Expenditures snd Changes In Fund
Balances • All Governmental Fund Types and Expandable Trust Funds . . . . . . B
Combined Statement of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual • General, Special Revenue and Debt Service Funds , . 10
Combined Statement of Revenues, Expenses and Changes in Retained
Earnings • AN Propdetery Fund Types . . . . . . . . . . .12
Combined Statement of Cash Flows • AN Proprietary Fund Types . . . . . . . . . . . . 14
Notes to Financial Statements . . . . . . . . .16
Combining and Individual Fund Financial Statements-and Schedules-
Combining Balance Sheet • All Special Revenue Funds . . . . . . ....46
Combining Statement of Revenues, Expenditures and Changes
In Fund Balances • All Special Revenue Furor . . . . . . . . . . . . . . . .......48
Combining Balance Sheet • All Capital Projects Funds . ......52
Combining Statement of Revenues, Expenditures and Changes In Fund
Balances • AN Capitol Projects Funds . . . . . . . . . . . ...64
Combining Balance Sheet • All Enterprise Funds . , , , . . ......So
Combining Statement of Revenues, Expenses and Changes In Retained i
Earnings • All Enterprise Funds . . . . . . . . . . . . .62
Combining Statement of Cash Flows • All Enterprise Funds . . 64
Schedule of Revenues, Expenses and Changes in Retained
Earnings • Budget and Actual • All Enterprist Funds . . . . . . . . . . . . 68
Combining Balance Sheet • Utility System . , , , , , , , , , , , , , 70
Combining Schedule of Revenues, Expenses snd Changes In Retained
Earnings • Utility System . , . . . . . . . . . . . . .74
Combining Schedule of Cash Flows • Utility System . . . . . . . ....76
Combining Balance Sheet • All Internal Service Funds . . . . ..62
Combining Statement of Revenues, Expenses and Changes In Retained
Earnings • AN Internal Service Funds . . . . . . . . . . . . . .84 0
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Combining Statement of Cash Flows • All Intemal Service Funds 89
Schedule of Revenues, Expeneas and Changes In Retained
Earnings • Budget and Actual • AM Internal Service Funds 88
Combining Balance Sheet • AM Trust end Agency Funds 92
Statement of Changes In Assets and Liabilities • AN Agency Funds 94
Supplemental Financial Information-
General Fund • Schedule of Expenditures • Budget and Actual 07
STAWIFYCAL SECTION (UNAUDITED):
Table
~ 1 General Government Expenditures by Function Last Ten Fiscal Years 110
2 General Revenues by Source Last Ten Fiscal Years ......................112
3 Propep!y Tax Levies and Collections Last Ten Fiscal Years " 114
4 Asseuid and Estimated Actual Value of Taxable Property r.i
Lest Tan Fiscal Years ................118
8 Property Tax Fates and Tax Levies • A8 Overlapping Governments
Lest Ten Fiscal Years . .......................118
8 Special Assessment Collections teat Ten Fiscal Years 119
7 Ratio of Net General Bonded Debt to Assessed Value and Net i
Bonded Debt Per Capita Last Ten Fiscal Years ........................120
8 Computation of Legal Debt Margin • ......................122
9 Computation of Direct and Overlapping Debt ..............................123 1
10 Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total General Expenditures Last Ten Fiscal Years 124 I
11 Revenue Bond Debt Service Coverage - Last Ten Fiscal Years 128
12 Property Value, Construction and Bank Deposits • Lost Ten Fiscal Years 128
13 Principal Taxpayers ..........................................131
14 Schedule of Insurance in Force ................................132
15 Demographic Stattstica • Lost Ten Fiscal Years , " .....................134
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18 Miscellaneous Statistical Data . .138
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CftY OF DENTON, TEXAS
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CITY of DENTON, TEXAS MUNICIPAL BUILDING / DENTON, TEXAS 76201 / TELEPHONE (817) 566.8200
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January 5, 1993
T0: The Honorable Mayor, Members of City Council and Citizens of the City of Denton
Submitted herewith is a copy of the Comprehensive Annual Financial Report of the
City of Demon for the fiscal year ended September 30, 1992, The responsibility for both the
acruraoy 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 and results of operations of the various funds and account groups of the City.
All disclosures nrcessery to enable the reader to gain on 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 Cty's organizations! chart, and a list 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 basis.
This report Includes all funds and account groups of the City. The City provides a
full range of services, which Include police and fire protection; sanitation services; the construction
and maintenance of highways, streets and Infra-structure; and water, wastewater and electric
utilities.
Economic Condition and Outlook
O Recent events should have a positive effect on local economic conditions, Setes
tax receipts grew from 15,342,818 at September 30, 1991, to 15,538,802 at September'. 0,
1992, '
Jostens, Inc., the manufacturer of education, sports and recognition swards
completed the 8,000 square feet r;xpansion of Its Denton plant. In addition, Jostens relocated a
O Santa Earbars, California, operation to the Denton facility, increasing Its permanent number of `
employees by approximately fifty, O 0
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Transmittal Letter (continued)
The Federal Emergency Agency (FEMA) announced its decision to permanently
locate its national teleregistration In Denton. FEMA temporarily operates out of a leased building
on Welch and Oak but has recently requested bids for a new facility. The operation employs 8 to
10 permanent employees and up to 250 temporary in a case of emergency.
Construction on the first phase (107,000 square feet) of Exposition Mills of Texas,
Inc., Is completed. The manufacturer's factory outlet center opened in November 1992. The
center will construct an additional 35,000 square feet to be opened In the spring of 1993. Hunt
estimates the center will create a total of 330 jobs and generate gross annual sales of
$29,428,774.
Food Lion opened the first of its two new Denton grocery stores in October 1992.
The second store will open early 1993.
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PACCAR, Inc., parent company of Peterbilt Motors, has purchased the former
Moore Business Forms facility located on 1.35. The 83,000 square foot boding will be remodeled
and renovated to become the new home of the Peterbitt Division Office. The move wi11 provide
approximately 225.250 new jobs In Denton. In addition, a 10,000 square foot research and
development center to planned for construction at the current plant facility.
Good Eats end Cracker Barrel are two new restaurants being built In Denton. Both
will be located on 1.35, north of Highway 380 and both hove proposed ground-breaking date of
January 1993.
Epic Healthcare, Inc., parent company of Denton Regional Medical Center purchased
a 3D0 acre tract of land on 1.35E, just south of the Golden Triangle Mall. Epic announced its plans
to begin construction of a $50 million, 225,000 square feet, hospital on approximately 60 acres
of the tract. The company plans to market the remaining land for commercial and retail
development. It ie estimated that the new facility will generate about 100 new jobs and 14 million
in payroll
The economic effect of the new Alliance Airport in Denton and Tarrant County
should provide future economic activities. Alliance Airport is located only 15 miles south of
Denton on Interstate Highway System 35 West. Af. Ray Perryman Consultants, Inc. projects that
Alliance Airport's economic Impact Should include 9,184 permanent jobs within Fort Worth PMSA,
1702.9 million additional local spending and $234.4 million In employee earnings.
0 Major Ir9trativea
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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 1991.92 was a
difficult process. The City, encounter'wtg tremendous growth In the early 1980'x, began
experiencing only limited growth In 1969. In preporxtg the budget, the City knew that fiscal Veer
A 1991.92 would be one of continuing challenge, Pest growth had placed enormous strains on • 0
manpower, equipment and Infra-stru tore. The flow of revenues that had accompanied growth
trends was stagnating by the stowing economic conditions throughout the area. Revenue bash
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. It was anticipated that this situation would only be a
short term condition due to a more diversified economy and, as hoped, the metroplex economy
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Transmittal Letter (continued)
Is once again on the upswing. Commitments by large commercial 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 1991.92 budget challenge was to stay poised and ready to handle the future expansion
without drastically reducing current service levels. In all funds, personnel additions included those
positions the! were determined a priority by the City Council, were absolutely essential, or would
pay for themselves through Increased revenue collections. M addition to the uncenainty of federal,
state and local economies, a conservative approach was taken In budgeting both revenues and
expenditures. Despite a generally 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.
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The budget for fiscal year 1991-92 could be viewed as a "maintenance' budget.
Overall expenditure increases were reduced to a minimum, while staff looked at a minor tax
increase in order to fund only current level services. The tax Increase was approximately 1.02
below the rate necessary to bring revenues to the 1990.91 IevEls. It is anticipated that with the
economic development activities discussed earlier that property values and local economy will
rebound within the next year.
For the Future • As Indicated earlier, the City has embarked upon on economic
development program with the philosophy of attracting Industrial prospects and expanding exislino
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 1500,000 assistance program to aid In the
construction of water and sewer lines for Industrial and residential development.
In addition, the Planning Department has developed the Main Street Program, which
began In the 1988.89 budget year. The Coordinator works in conjunction with the State's Main
Street Program in order to revitalize the downtown area.
During (isral year 1988.87, a five year, 121,837,000 Capital Improvement Program
(CIP) was approved by Council. A voter approved bond sale authorized the sale of bonds to
finance the program with the bonds to be Issued over a period of years. Fiscal year 1991.92
would have been the sixth year of 1988.87 CIP, and an unissued balance of 18,332,000 remains
unsold but authorized by the voters. Because of general fund revenue shortfalls and the
commitment to the voters not to raise taxes to fund the CIP, certain projects were rescheduled.
In brief the 1991.92 proposed budget recommends that projects within the program representing
• significant operation and maintenance costs be put on hold to a future date. These projects
include the recreation centers, the library expansion and a law enforcement center. Other street, i
drainage, traffic, and athletic field projects were Initiated pursuant to the current and extended five
year CIP program, The Utility Department: Water, Wastewater, and Electric Departments
continued with their Capital Improvement Program which continued to replace necessary Items
within the Utility Department. In addition, the Utilities have reviewed necessary expansion plans
• which Include building a new water treatment plant in the future. This Improvement, along with •
the opening of Ray Roberts Water Reservoir In 1988.89, will provide adetivets water supply well •
beyond the year 2000.
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Transmittal Letter (continued) E
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Finrnciaf Information
The management team of the City is r:%ponsibls for establishing and maintaining
an Internal control structure designed to ensure that the assets of the City are protected from loss,
theft or misuse end to ensure that adequate accounting data are compiled to allow for the
preparation of financial statements in conformity with continued generally accepted accounting
i principles. The Internal control structure Is designed to provide rersonable but not absolute
1 assurance that these objectives are met. The concept of reasonable assurance recognl:es that
Ir 0) the cost of the controls should not exceed the benefits likely to be derived, and, (2) the
vslub::.n of cost and benefits requires estimates and judgments by management.
Single Audlt
As a recipient of federal and state assistance, the City also Is responsible for
Insuring that an adequate internal control atructure is in 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 osstHanee 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 ended September 30, 1992
provided no instances of material weafnessea In the Internal control structure or significant
violations of applicable laws and regulations.
Budgeting Controls
The City maintains budgetary controls to ensure compliance of legal provisions
embodied In the annual appropriated budget approved by the City Council. Agivlttes of the
General Fund, Special Revenue Fund (Recreation Fund only), Oebt Service Fund, the Enterprise
Funds and the Internal Service Funds are included In the annual operating budget. Projected
financial plena are adopted for the Capital Improvement Funds. The level of budgetary control
(that is, the level at which expenditures cannot legatty 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.
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As demonstrated by the statements and schedules included in the finar-lal section '
of this report, the City continues to meet Its responsibility for sound financial management.
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Transmittal Letter (continued)
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General Govammemal Functlone
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The following schedule represents a summary of General Ftind, Special Revenue
Funds and Debt Service Fund for the fiscal tie x ended September 30, 1992 and the amount and
percentages of Increasol(doersess) M relatian to prior year's revenues. The amounts in this
schedule are expressed in thousand of dollars,
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Increase
Percent of Macreese) % of increase
Revenue& Amount Total from 1991 Macros")
Taxes 119,790 78409 / 34 .17
< Licenses and Permits 294 1.13 51 20.98
Franchise Fees 761 2.89 136 22.11
Fines and Forfeitures 1,038 3.99 52 6.27 ¢
Fees for Service 1,405 6.40 117 9.08
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Interest 586 2.28 (55) (8.65)
Intergovernmental 1,371 5.27 126 (10.12)
Miscellaneous 772 2.07 (224) 122.49)
TOTAL 128,009 100.00% 1231 ,92%
The most significant increase In General fund revenues from a continual source was
In the franchise fee category. This Increase Is attributed to Lone Star Gas Company beginning
quarterly remittances of franchise fees, In fiscal Veer 1991.92, one annual payment and one
quarterly payment are reflected.
The second largest revenue Increase we;. In the Intergovernmental ategory. This
Increase represents the Wrests In grants recelvad by the City In 1991.92.
The miscellaneous catupory of revenues decreased primarily due to decreases In one
time revenue sources. The decrease In the Intarust category is attributed to the decline in rates
during the 1991.92 fiscal year,
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Transmittal letter (continued) 1
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The following schedule presents a summary of General Fund, Special Revenue
Funds, and Debt Service Fund expenditures for the fiscal year ended September 30, 1992, aid
the percentage of increasel(decrease) In relation to prior year amounts. Once again, the amounts I
stated In this schedule are expressed In thousands.
Increase 'A of
Percent of (Decrease) Increase
Expenditures Amount Total from 1991 (Decrease)
Currant
General Government i 10,579 30.84 $711 7.21
Public Safety 11,497 33.51 514 4.68
Public Works 4,516 13.16 (96) 12.08)
Parks and Recreation 2,815 8.20 187 6.31
Capital Outlay 487 1.42 252 107.23
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Oebf $*vket:
Principal 2,587 7.48 1148) (5.45)
Interest and Fiscal Charges 1,649 5.39 12581 112.16)
TOTAL 134,310 100,0016 11,144 3.45li
As In the prior Veer, the primary roe sons for the increase In operating expenditures
were salary and wage pay for performance Increases and increased health Insurance costa.
General Fund Balance
The fund balance of the General Fund decreased by 12.7% In 1992, The fund
balance provides the City with an average of 37 working days of expenditures. However,
1465,513 of the balance Is reserved for encumbrances. In addition, within the unreserved portion
of the fund balance, 1539,727 of the balance Is designated for subsequent year expenditures.
r Proprietary Operations
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Enterprise Operations '
The City's Enterprise Operations consist of a utility system which provides for
etectric, water and wastewater services. The Enterprise Operations also lnclude esnlistton
services for residential, commercial and landfill operations. t
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Transmittal letter (continued)
In the Water Fund there was a 10% rate increase. An average customer's cost will
Increase $32.88 annually. Wastewater rates Increased 15%. This new rate will cause the
average residential wastewater bill to Increase 137.32 annually, Electric rates experienced a 3%
decrease. For an average customer this will mean a 120 annual savings.
In the Sanitation Fund there was no rate Increase. There was a 15% rate Increase
at the landfill. This Increased rates from 13.00 per cubic yard to $3.45 per cubic yard.
Infernal Service Operaoons
The Internal Service Operations consist of the Wortanq 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 clelms still outstanding.
Agency Funds
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The Agency Funds consist of Payroll and Oeferrad Compensation. The Psyroll fund
is responsible for the collection and payment of the City's payroll and sisocfated liabilities. The
Deferred Compensation Fund accounts for City employees' Investments In s deferred
compensation plan.
Debt Administration
At September 30, 1992, the City had $24,928,730 in Genera? Obligstion Bonds i
outstanding, 158,877,922 In a Note Payable to the Corps of Engineers, $4,780,000 InCenificates
of Obligation and $58,705,000 of Utility System nevenue Bonds. The City has maintained an "A•
1' rati,,q from Moody's Investor's Service, Inc., and an 'AA-* rating from Standard and Poor's
• Corporation, on Its General Obligation Bonds. Utility Revenue System Bands have maintained an
"A' rating from Moody's Investors Service, Inc,, and an 'A+' rating from Standard and Poor's r
Corporation.
As was mentioned earlier, the City has developed a plan for issuing annual General
I Obligation Bonds that were approved by the voters in a capital Improvements plan, The
• Certificates of Obligation are used for short-term construction projects and financing motor pool
vehicles. • 0
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Transmittal Letter (continued),
Cash Management
The City follows an active program of cash management, keeping an temporarily
Idle funds In Into rest•bear'utg accounts. These accounts are in the 6:: n of NOW accounts,
certificates of deposits, Local Government Investment Pools, Treasury Issues and Federal
government agency Instrumentalities. On August 31, 1992 the annualised yield on Investments
was 6.01 compared to 7.58% and 8.22% for the Same period In 1991 and 1990 respectively.
Investable funds as of September 30, 1992 were 177 million, which Is egnl to 177 million in
1991 and an Increase from 175 million in 1990. The longest Investment maturity has been
lengthened from 58 days in 1987 to 1703 days In 1992. As of September 30, 1992, the City's
average yield on Investments was 5.84% compared to 7.60% for the some period in 1991. The
City's investment policy is to maximize yield with a minimal amount of risk white maintaining an
actively competitive yield on Its portfolio. Accordingly, all of the City's deposits are either Insured
by the Federat Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation,
or ere collateralized by governmental securities. All collateral on the deposits is held by a third
party financial institut'ion's trust department In the City of Denton's name. The Investments of the
Deferred Compensation Fund in which the City participates are held separately from those of other
City funds by an outside trustee appointed by the City. State statutes authorize the City to Invest
in obligatiors 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
During 1992, the City continued its risk management program for the City of
Denton. In 1987, the City contracted to have an actuarial study to project the City's workers'
compensation and liability costs over a five 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, 1992. This schedule, as presented, is expressed In thousands.
Workers' General Program
Comnensation Liability r1= Transfer
FY'92 Projected 1305 1445 1750 185
FY 'D2 Actual 134 53 187 85
• As part of tho comprehensive plan, the City purchases property and casually
Insurance along with participating In a self-insurance fund for Its workers' Compensation benefits
and general liability. Reserves are being accumulated In the fund to meet potential future losses.
In additlon, the City's risk manager has inltiated various programs to control risk and to train
employees in safety standards for the prevention of future losses by the City.
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Transmittal Letter Icontinued)
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Independernt Audit
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The City Charter requires an Independent sudo of the accounts of the City by an 1
Independent auditor. The accounting firm of Deloitte 6 Touche was selected by the City Council
to perform the annual audit. In addition to meeting the requirements set forth In the City Charter,
the audit was also designed to meet the requirements of the Federal Single Audit Act of 1984 and
related OMB Circuiar A-128.
Awards
The Government Finance Officers Association (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City for Its Comprehensive Annul
Financial Report for the fiscal year ended September 30, 1991. 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 end applicable legal requirements. The Certificate of Achievement
Is held for a period of one year only. We believe that our current Comprehenshre Annual Financial
Report continues to meet the Certificate of Achievement requirements and we are submitting it
to the GFOA to determine he eligibility fof another certificate.
The City has also received the GFOA's award for Distinguished Budget Presentation
for its 1992 annual approodstion budget, receiving an 'Especially Notable Communications
Device' designation. In order to gwlify (of the Distinguished Budget Presentation Award, the
City's budget document was judged to be proficient in several categories fnciuding policy
documentation, financial punning, organization and exemplary as a communication device. The
City has submitted its 1993 budget to the GFOA to determine its eligibility for another eertifleate.
We believe that it continues to meet the Distinguished Budget Presentation Award criteria.
Acknowledgments
I would like to thank an of the Finance Department staff, the department dkectors
and division heads for their diligent efforts in the preparation of the annual financial report. A
wimandous am.rnt of time and effort went Into the development of this report, especially by the
Finance Adminlatratbn stafl. I would also We to thank the City Council. It Is their strong
leadership and faithful support of the Coy that helped make the presentation of this report
• possible.
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John F. McGrans fta L. DuBois, CPA
Executive Director of Finance D4actof of Accounting a
J Budget Operations • •
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Denton,
Texas
For its Comprehensive Annual
Financtal Report
for the Fiscal Year Ended
September 30, 1991
A Certificate of Achievement for Fxcelkme Ln Financial
Reporting ts presented by the Government Finance Officers
Association of the Un:ted States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports {CAFU achieve the highest
standards In government accounting
and financial reporting.
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CITY OF DENTON ORGANIZATIONAL CHART
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CRY OF DMON
Ust of Principal Officials
September 30, 1992
,R
ELECFED WRCMLS
i 1
Title Nome
Mayor Bob Castleberry
Mayor Pro-Tom Jane Hopkins `
Councilmember Jack Miller
i Councilmember Margaret Smhh
I Councilmember Mark Chew
Councilmember Harold Perry
Councilmember Eullne Brock
CITY OMCMLS
TMe Nome
City Managor Uoyd V. Harrel
Deputy City Manager Rick SveNs
Executive Director for Finance John F. MCGrons
Executive Director for WIltiee R. E. Nelson
Executive Director of
Planning end Community Development Frank Robbins
Executive Director for
Municipal Services and Economic Development Betty McKean
y City Attorney Debra Dreyovitch
Police Chief Michael Jet
Fiio Chief John L. Cook
i City Secretary Jennifer Welters
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Delft & s
_ Touche
" Q Suite 2340 Telephone (8171347.3300
801 Cherry Street Facsimile, 1817)3315-2013
Fort Worth, Te*an 76102-6801
INDEPENDENT AUDrrORS' REPORT
Y
The Honorable Mayor and Members
of the City Council
City of Demon. Texas:
7 We have audited the accom anyiag general purpose financial statements of the City of Denton. Texas
w ("City), u of September 30,144992, and for =yew then ended, whkb are lbted in the table of
contents. There general purpose financial statements are the respomibitity, of the try's mesagemeat
Our responsibility is to express an oplNoo on these general purpose financial stst% note based on our
audit. ' .
t We conducted our audit in accordance with generally accepted auditing stendwds. Those standards
rcquUe tlut we in and perform the audit to obtain reeaoabte ustrance about whether the general
purpose financial statements an free of material miuutement• An audit includes uses sbig ibe
i accounting principles used sailsigoli ant estimates made by management, as well u evaluating the
y overall financial statement prere5tatloo. We believe that our audit provides a reuonable basis for our x
opiolon•
a
In our opinion, the jeneral purpose nowlal statements present fairly, in all material respects, the
financial posidoo of the City at September 30,1"2, sad the results of to operations nag me cub flows
of its proprietary fund types for the year then ended, In conformity with generally accepted accounBng
principles.
As deaerlbed to Note 12 to the general purpose financial statements, duty the fiscal year the City
changed Its metbod of reportio` deprecLtioa In iu proprleary AM typo f`or donated capiut
Improvements. As a result of this change, retained eatatngs has lncru*d and contributed capital bu
decreased by $22,118,646.
Our audit was conducted for the purpose of forming an opinion on the general purpose financial
statements taken u a whole. The combining and individual fltad and acecumt gip financial
statements and schedules listed In the foregoing table of controls are presented for purposes of ;
additional analysis and we wA a required
menu of the Csry.
tythethegmaCityalsputyoseanfioentartcialSucht sGfebemoil
This additional idormadon is the respeosibili part ofof
information has been subjected to the audidna procedures applied our audit of the general purpose
flnatlcial statements and, to our opinion, Is JI sutra In all meteriat respects when considered In
relation to due generai purpose finanuial stslements taken u a whole. +
December 19, ?
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h+.' CITY OF DENTON, TEXAS
1 I y
COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30.5992
Gawmmontal fund Types ,
al
n
' A66R6 AND GTHM CEBIT$ General Special AMY$" Debt BervW4 Copitel PrD*ts
Cash and dopooks INote 21 04,276,667 6 077,174 1 0 04,076
r
Invsotmenu INDU 21 3,023,670 70,000 10,031,110
Receivables Inst of a60WMDes far Yncolacbblesl•
a`
Tases 661,810
,
r~ ,r {
Accounts
t, Unblllod utility esrvlcs a' ti l 1
rr Special stet semsrrts 40,101 Sr r
Accrued Interest 67,671 236 140,420 a
Other 266,606 20,042
Dug from other funds Wets 11) 265,!02 63,270 6,416,704 101,680
ah
Due from ether goverrerlanto 202,242 37,637
Merch"ss Inventory
Prepaid Homo
1 s'
v Deland bond Issuance costa ,
Reetrlded stools Wets 41 '
t -
Cash and depcslts INots 21
lnwttments IWO 21
ark
Accrued Interest
Due from other funds INcts 111
Advance to other funds '
Flood nests [net, when appOeoNe,
of accwmdatd depnelstbnl INoto 31 01
Amount available in Debt SoNao Fund r
Amount to be prorddod for 1@60"Wnt
of long-tam floblIN"
r .
Total Asoots and Other DoNts 10,314,002 81,300,866 16,466,006 610,412,180 r
• „a. ,
Montimodl
TM accontpanHnq rates to 6nentisf eletamonfa are on Intsgrel poA of Ws s1a1MNM.
1
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CITY OF DENTON. TEXAS
r:
"ClarY Fund Totals
Frpdalary Furd Types Types Aocount Groups IMamorandum Only1
r~a~e
Trust and General Axed General lonp 6ptember 20, 6plamWr 20,
Enterprise Internal servlcs Agency Assets Term Unwides loll 1911 -
f 25,846 11,161,266 11,661,222 1 f f 9,712,241 1 9.110,271
22,762,717 4,046,669 6,1116,602 66,726,745 48,347,021
6511611 622,321
4,744726 77,220 4,622,045 4,541,519
4.447,921 4.442,12' 6,001,341
• 40,101 41,471
917,176 $4,267 1,111,211 701,215
1,181,024 121,462 1,699,094 11200.217
60.202 921,667 24,162 7,119,269 6,227,112
• 219,879 111,207
1,220,196 1,606,170 2,926,866 1,015,216+
129 126
902,052 602,052 179,001
2,769,617 2,769,617 0.464,147
12,346,100 22,345,100 28,841,116
426,107 426,107 272,000
1,664,107 441.887 1,997,964 220,140 -
600,000 600,000 600,000
1N,2fS,352 026,280 14,041,022 227.711,102 211.403,637 t
• 244,236 344,226 209,526
• 29,601,114 20,5o1,1se 29.637,612
1234,712,166 lmsa m 11,804,806 184,041,022 039,846,521 091,131,139 $076,484,901 r
-MENOMINEE
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CITY OF DENTON, TEXAS
COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS IContim*d)
SEPTEMBER 30, 1992
Qoverrenertld Furl Types
LIA6117T166, EQUITY AND OTHER COW" General spools! Revenue Debt Service Capital Pra)eots
UsbflltW:
Accounts payeWe erd accrued expenses 6 662,701 4 134,625 1 4.635.171 6 1,140,767
Itowmege perewo 7,240 64,466
Aeevr Amod unpaid oonvoMeted absensea
(Nato 41
Dopofits 74,200
i
Payable from rostaictoct ""to Nato 4)
Accounts povaWe and accrued expenses
(Note 71
Mteinage payable s:".
Due Is otherfunde (Note 11) 'r
Accrued interest Mote 41 ,
Revenue and general oWlEation bands
payable, current (Note 41
Due to other funds Mote 11) 4,410.306 101,572 257,600 1601276
Other 1abl6dse 6.561
Advana s from Electric
Dehered rfvenwe 110,601 21,025 211,110 71,136
Losses paysWe (Notes 4 and 61
Conerel obligation bonds payable INate 41
Certihcstee of aMptfon Mote 41
Revenue bonds prya6ls Inst of bond dlecount)
(Note 41
Claims paVeNt INcts 1)
i Nctos payable Mote 41
0 TaetU.Wklos 66,284,265 1 440,222 11,111,660 1 2,074.141
v
(Continued)
The aceompanying notes to finaneW staamants are an Integral part of two etatemeev.
.4.
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CITY OF DENTON, TEXAS
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79dualery Fund Totala
Proprietary Fund Typos TV48 Aaoount Groups (Memorandum Orly)
i
Trust end General Reed General Lonp• septernbar 30, 2eptembsr 30,
Enterpoes Imerrud 6eMee Aponay Assets Term WMitles 1113 11(1
1 6,231,141 11,423.221 63,142,667 { 1 / 17,407,716 1 11,021,724
• 63,301 43,646
r
617.761 93,431 3,u1,211 2,:37,602 3,046,610
1,104,227 1,1641,637 1,176,763 '
924,101 $24,101 $71,130
46,716 - t
46,7" 432,42$ t
gb,063 616,093 1,032,913
1,604,131 1,406,631 1,470,602 '
3,636,000 - 11636,000 31604,000
1,311,704 1,496,011 269 6,301,160 6,434,410
9,361 1,361
500,000 $00,000 400,000
449,561 422,621
• 161,202 259,993 111301126 233,977
101,171 23,193,601 24,101,110 14,444.490
1,473,996 !,901,01{ 4,710,00 4,620,000
63,170,000 43,1701000 $2,306,000
• 911,26! 171,211 702,707
p 66,677,1!2 $0,971,123 66,143,001
1121,617,319 16,766,020 14,612,291 { 121,149,621 1179,947,363 1171,11!,411
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CITY OF DENTON, TEXAS
COMBINED BALANCE SHEET • All FUND TYPES AND ACCOUNT GROUPS IContlnued)
SEPTEMBER 30, 1942
J I , . Yi, t t^♦
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Governmental Fund To" - '
UJAIR.11M. IOU" AND OTMdIM0171 General special Revenue Debt 111"co Collin Proffitt
Fund 8quity:
x,
Cont.lEuted a►plal • ;net, whore owe"
7 of eommAstd depee4tbN 1 1 - 1 - 1
ingetmarN In petrol fixed "few
Retained eernimp • r,.
14arvd for bond NtIMM11 INote 4)
Reserved for eepltal projeata -"i
Umeerved
fund bdencee-
Reeerved for debt service 2N,826 4 .
Reserved for enewnManoee 4e8,812 ei,252 1,211,!41
Anwvd for aeplul projects 7,020,184
UMeNwed • .
)r. t.
Coolgttd tot eabeequm r
veers'expendhuree 838,727 764,42,
Unda{etted 2,074.8!4
total Iq•rhy and Odwr C Odha 4,076,126 828,724 244,178 11378,401
Total 1.10111168, Iquhy
and 0"r Cradles YD,IM,01I 11,908,861 18,481,1!8 10,41 I'm
Tho aeewrlpenyln/ t1e1 fa Rneneld etotemMM we on Inta6rd Von of Ws etotMNnt.
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CITY OF DENTON, TEXAS
Aduolary Fund Totals t
hoOolmq Fund Typos T~ Ypos AaeeuM Groups IMonorandum ow
Trust and Gonaral Fixed Gonarat loop 6ptambot 30, September 30,
Interpdee Interrw sorAae AOenay Aeeeu Term llebWlea 1112 1911 -
s
1 17,438,349 4 799,127 ! 1 1 411,222,416 1 19,614,170
14,041,022 64,041,022 79,461,211
S
13.012,431 13,212.421 10.617,160
1 11,003,047 441,667 11,444,704 17,411,172
a
61,171,140 1,112.902 66,086,743 9911191121
144,319 309,911
1,160,074 1.411,111
• 7,020,564 4,931,111
'i
1.204,148 911,14/
41318,601 7,363,001 1.112,111
109.126.161 7,940,617 4,161.901 14,041,012 117,919,113 104,672,092
1134,711,116 113,336,707 4111061406 104.041•oll 111,149,741 630a3ea17 17110,464,103
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUSTS
FCR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Owtwelr" FwW Typed .
Omrl sp•dl Mv~ Debt IrvW Cghl F,*m
REvotm:
Ict"
Lkwome r.1 penrite 213.421
Frmahke Ieed 760,497
FYw and Irldhrred 1,037.717 i '
Feed fa orvkn 131,131 N41003 -
bdredt twrwe 671,161 1104 001.043
kov"vion, 0 d 437,031 111,404 131,713 +
Cvur0urloele
Wdel4elear 421.664 111,"1 1671311 143,434
Tal Reware 30,001,020 1,501,120 4.401,420 671,431 r
WENDITUR16:
cWW%-
Oeelorre owraelre 0,143,147 rubk Weil 11,310,663 11111"
"o worm 4,301,111 141,s6
Pam"n vdd n 2417,344 417,3»
brwwe
Cwhd t elgr 341.411 141,031 3,167.004
Debt twk4 •
FK "teelrrrwA 301,147
Wwoo rl flted th"m 1,640,101
fed//eperA., 36,116,411 1,707,034 41416441 3,167,404
EXCE" 01 REVENUE/ OVER HINDER EKMDrcuas INAMAH1 1113,7011 00,"11 12,600,1749
OTHER FWANCMO IwRDU Must
Rene" rf lovtw.h Bete 104,600 3,364,000
OtONN trru101 N 7.474,336 101,114 44,660 101,104
Opor ttwy brulen aul 1201,1411 1232,0001 131,!011 r f
i
Tetl our rbwwby /ewer Ne•d 74611174 03311041 46,160 1411,303
E11CE" OF REVENUES AND OTHER SOURCES
DVtR NNOER "PUDITUF91 AND OTHER UK/ 1"3.7331 1137,1141 14,61 381,121
FUND IALAACE - OdA* 1 4.473.16 1.017.2411 303111 7.164.114 •
t
FUND 3ALANCE•1•pwir6 rra: 4,09.131 1171,'734 1 u4 /N / 1.!!!,671
the edeommykr elated to rmwl/ rlemr,te re m k*WW prt eI OJt otoovo .
C/mp o*"Irl A"A FhvmO iol Ass
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CITY OF DENTON, TEXAS
Teti I
F"vv FL M TYI4 Yw Ended
E.p"We Tnwt Swtwr" 20, 1612 owwn" 30, 1661
I
1 411.700.132 416,754,476
• 262,421 212,070
• 760,487 414.640
• 1,027,711 616,932
4814,414 4.221,401 1.217.421
202,642 1,461, 767 1.M.741
1,412,184 1.172.410
17.161 11,161 16,266
0 616,470 1,717.660
6,126861 22,014,264 21.474,261
• 10,174874 10,191,606
11,417,146 10.6121767
4,614,066 4,211,466
• 1114172 2,641,007
2,622,424 2.622,104 5,212,006
• 4,244.264 4,615,201
1667,117 21714,604
1,040,102 2.105,106
2,622,624 11100,006 40.727,120
r 1,201116 110,063,7111 11.165.0421
. 5,164,610 364.141
7,63,6,/04
7,160.614 ,
1270,0001 91648,41 1240,1711
' 123,6,0001 10,626,126 1171.161
r
141,612 413,214 11,470,1741
3,410,906 17,420,012 1/,507,761
.
4~21~ 151141,607 Iri,U6,613
i
Com ehonsive Am1ud fN6nd61 116porl
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-CITY OF DENTON, TEXAS
COMBINED STATEMENT Of REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
orw/ Ford
Verina
FarelrM
Iudlet Adud IVnfev "
REvmW
If 4,Ifl,/20 1 270,00
To" 019.301.10
LkC WI VA 04rrrVr 20.114 213,131 11,1!1
Frr"IVw fow 10.374 7/O.Iq N,1N
FIne4 and Irlekww 1,335,374 1,011,717 1211.071
Fm fn sw4m 03.920 121,126 431,"11
Hreet rwenw 117,000 171161 41,10
Hrlrwmnrrt/ 466,061 627,034 31•977
' CmeHeullen4
Alecrtrtwrw 617,111 421,04 10,2171
TM/16vw4 14,00,704 20.00,020 ",111
6XFENDFfUK$:
Cwret-
Oenr/ Oovwrwwrl t,411,714 1,122,414 114410
Mile 4/eq 11.3ri,T22 11,304,114 11.161
h6Ee worm 4,401.621 4,267,611 106,211
Pen" rd Iwme om 2,363,614 3403,412 10,634
Other
Cwh/ row 431.121 311.346 111,471 -
Dom I~Ici
lhirret!/ ntLenwnt
inlreet Ord RYG/ ohr/M
Tel/ RAFerdlnr4e !6,311,") 21.747,103 1!2,10
EXCESI Of MVENU111 OVER ODEI4 EXFENDITVRE4 tl,442,051 11,134,7121 702,34
OTHER r11ANC1o0 04UACES NIISI
Prw of* of wv trrrr d.M
Ope gtkv I, WWI" In 703.136 7.471,111 (1,0001 ~ ~ ;
i
DM'0"trM W@&A 1111.4771 1201.1411 111,170
S
F4 1.e/ Odw PL O -1 y 11"4„ JU M 7,40,211 7,477,717 120,4711 r'..
EXC361' OF RL1 ENVE/ AND OCHER lOURCES OVER i
IUN XR1 EXPMOITUREI AND OTHER UKA HI1,1211 120,"/1 02,133 i~
FUND I ALANCI. Oct"1 1,791/91 4.172,10 61101 r
FUNO I"cl • sopw Mr 40 4 1,212,711 1 4.419,60 11,01 ,714
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4 TM we wvwkov not" to (Avow 4lprrrna r4 463 Hw/ W of #4 e1/rrrd
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"at Actud WIWWAW sw4d Ae1ud A1nINa.►lal
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1 4 1 44,647.060 14,111,217 (6 476,6161 '
41000 416,661 6,061
167,116 167,756 ,
4601600 416,661 6,067 4,641.060 4.406,420 1741,6771
461,661 436.43 44,617
• 11661.666 JIMA$? 66,767
• 1,664,011 11146,101 174,666
467.60 416,162 44.117 4,047,050 4.416,166 770,761
6,60' 06,710 p,IM (10,1111 1741411 h
46.660 46.660x;
f
41,660 46,660
6.104 1/,210 41.616 46.660 74.106 (10,1111 t
• n,tea 41.64: a.o1e (06.676 f0l.1:6 ~ r ~
61,116 N11.7f:. 011,616. 6166,114 ss".33i 4110,6411.
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CITY OF DENTON, TEXAS
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COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS •
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDEO SEPTEMBER 30, 1992
Proprietary Fund Types
Fntarpriso Internal Seevka
OPERATING REVENUES:
Electric earvlee 163,726,001 1
Water service 11,442,600
Wa stow cater aervW4 6.440,166
Chergas for gMcea 4,306,601 e,e1/,IN .
Surdry 106,606 20,611
,
Total Oswatlng Rwrwn 16,062,066 1,660,113
OPERATING EXPOSES: ' t
Purehuad power 141,372,002 1
Fuel 2,041,006 ti
Pwchave of water 167,606
Ss:wles and wages 10,407,737 421,210
Materials and eupp3a 1,113,133 1,145,100
Mainta enceandrep4h 2,607,371 ",Ise
Deproctrtion 1,021, 600 1,144,431
Mlecatlanaous 4,666,271 1921644
Total Operstlns Espanue 70,626,604 4,704,461
Operating Ineer - Meas1 16,266,072 166,011
NONOPIRATING ReVENU66 (UPPS161:
Interestrovsrwe 4,,033,629 296,127
Interest expanse and fiscal charges 16,932,747) 1166,151)
Other
1163,1031 60,14
Total Nonopareting Revenues IExponsN) 11,763,0411 171,304
Income Wore Ot wating Transfers 13,462.03) 127,306
r.
OPERATING TRANSFER& (IN) 02,067
e' OPERATING TRANSFEA9(OUT) 17,144,1301 123,772)
Not lnowir 6,41!,560 1031663 r
Add: Dprecla6on of Fixed Assets acquired
whin ConUlbulad Copkd 1,664,240 160,634
7 Increase in Retained Ewnlnps 81123,103 1,164,127
AETAINEO EAANIN01 •OataEar 1 as staled 61,664,910 6,111,433
RETAINED EARNINGS • 6apw4st 30 91e,6r7 !1~ i1 f~i
The 6c0empenyin4 notes to financial statements ere m Integral Pon of -No Statement.
•12•
COrrtgrohfntalve ARrw91 Ansm" RoW
CITY OF DENTON. TEXAS
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Total.
(Momwandum Onrys
Veer Ended it
September 30, 1991 September 30, 1901
163,726,090 163,715,444
11,442,606 10,616,123
6,440,165 61707,620
1,095,602 01311,111
127,115 611,411
41,632,676 60,646,116
141,372,002 141,457,676
2,442,965 2,060,266
167,666 11,126
11,036,027 10,603,012
3.161,013 4,311,404
31661,657 21961,020
6,174,291 71771,672
61611,916 2,366,666
76,621,446 71,603,029
16,011,133 16,303,187
4,731,666 4,460,219
16,111,418) 16, 642,4701
1203,1761 (142,6131
11,111,7111 12,624,1441
14,419,300 16,868.043
• 12,067 16,216
17,16!, 0021 10,604,7691
r
7,S41.411 9,041,499
1 1,941,774
1,211,221 0,041,4111
• 11,166,643 71100144 •
117,441,111 066,166,441
C6tnpr1A4n4lr! AAmud M&WW R6nen
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF CASH FLOWS •
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1002
Proprlotary Fund Types
Emorprloe internal Service
Cash flows from opaabM sedwkloa: -
Cash recolvad from customer$ If 17,731,112 04,601,601
Cash paid to employees for awkas 110,104,117} 1626,202)
Cash POW w supplare (11,246,320! (21013,171)
Nst ash prev" by load foil ePawtbna 20,067.616 1,3411120
cook flows from nenaet ltaf flwrdrM aaWklar .
Operating transfers 17,061,1021 123.772)
Not eeah provided by loved fad m moapRal tYwtome activities (1,f)63.1631 113.7721
Cash news from ON" and salotal hw *q wtlv►Na:
Contributed capital 234.117 2+6,716
Pooeeeds from the sale of Contractual obligation 41600,000 600,000
Ptocaads from Notes Payable 1,162,171
Interest poW 16,173,117) 1113,3611
Prlnclpat paid on contractuai oblooon 13,627,166-! 1741,6311
Acqulehlon of fixed mats (7•622,267) 121002,6261
Nocesdo from Mweal of fixed assets (0,264) 66,124
Nineipai paid on losses 1106,6421
Net Change In defened bond Issuance cost 124,0611
Ptocesde from leases payable 046,111
Ptlnclpai PAW on not** payable 1127,7111
Increase In Awe ToIrom 764,201
Not ash provided by (used fail capital raloled ActivRloe 111161712261 00211011
4
z Cash flows form investing aoWkiee
Proceeds from ale of Investment eecuphu 101,1321876 6,422,722
Interatl rsceWed on Irweetmonu 4,431,621 206,117
9 ~
t~ Purchase of investment escurliles 1106.106,7401 18,114,1211
l Net ask pravlded by (wee fail Itvae" aetNlda 13,100,1361 460,726
Net hCreess INaeasel In ash and ash equNal.me U,642 3421 1.101,274 tiCosh and cash equivalents October 1 1,341,172 464,101 A
Cash and ask agtdvalarNS September 10 IlleatdatN CeaA MaWedl 1 !,106,130 1 1,3f11,211
(Contkwadl
` The accompanying notes to llnenclot alslsmeMa us an WoVal part of this statement.
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CITY OF DENTON, TEXAS
Totals
(Momorondum Only} ~II
You Ended 1
6optomhof 30, 1002 6optomba 10, 1001 r
1 02,640,623 0 114.660,633
411,020,1101 (10,444,7431 j
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{60,110,0001 162, 611,0601
21,440,101 31,104, 640
17,076,0361 {6160016441
17,076,636) (61600,614)
6101172 1,604,663
6,100,000 300.000
1,162,673 2,007,000
(6,366,UM 17101216411
{4,372,1331 (4,427,4121
10,624,1211 03,672,406)
60,464 13.076
(106,1411
124,0611 61,641
646,316
1127,7601 123,1601
764.201
112,361,6301 120,101,7461
'F • 101,266,207 137,011,137
41731,660 4,460,211
1116,111,1111 1130,474, 434)
13,112,I01111 21000,621
11,131,0641 6,077,073 t
• 6611,164 636,711 •
1 6,473,706 1 6,111,144
1S,
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF CASH FLOWS -
ALL PROPRIETARY FUND TYPES IComirxrodl
FOR THE FISCAL YEAR ENDED SEPTEMBER 30" 1992 , .
EnteryIso Internal Service
i
MecondgeNon of Proprbtery Operating FwW broatmat to Net Cub
narked by (usad for) Opwa** AetlrRlw
Operating income (loeel 116,266,072 1 168,061
Adjustments:
Depreclo6on expense 7,020,369 1,144,432
Decrease (IncrNwl ►n receivables 11,730,438) 21,339
Decrease 9ncrasel In due from other funds 3,331,344 1490,624)
Decrease 0ncraasel In Inventories 73,960
Wfooss (Decroassl In sccow+ts payable 11,318,764) (313,313)
Increase IDecrase) N losses patyable
Inriasss IDeclassel In accumulated unpaid
compensated abaenOea 12,321 210ee
Increase IDeuaasol in due to other funds (2,6301169) 340,637
Total adjustments 4,142,613 6661860
Net cash provided by !used la) "Now" aotlvhlee 120,097,606 4 1,342,620 ,
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CITY Of DENTON, TEXAS
Tatola
(Memorandum Oray1
You Endo$
September 30, 1992 September 30, 1991
116,011,133 116,383,867
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8,174,291 7,771,072
1+,709,0981 738,026
2,696,020 3,906,899
78,950 09,787
(1,637,067) 8,979,72E
(37,4171
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14,009 69,239
(2,180,632) 15,365,050)
8,420,171 13,210,053
121,440,306 131,604,840
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! I M
Y CITY OF DENTON. TEXAS
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CITY OF DENTON. TEXAS
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED j
{
SEPTEMBER 30, 1992
(11 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Denton ('the City') was incorporated September 26, 1866. The City operates as
Pi Home Rule City, under a Council-Manager form of government and provides the following services
as authorized by ifs Charter: public safety (police and fire), public works, parks and recreation,
electric, water and wastewater utilities, sanitation, and general administrative services.
The financial statements of the City Include all activities for which the City exercises oversight
responsibility. Tha 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 actMty 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 crid a given governmental entity.
The accounting policies of the City conform to generally accepted accounting principles as
applicable to governments. The following Is a summary of the more significant policies:
A. Fund Accounting
The accounts of the City are maintained on the basis of funds or account groups, each of
which Is considered a separate accounting entity. The operations of each fund are summarized by
providing a separate set of self-balancing accounts which comprise its assets, liabilities, fund equity,
revenues, expenses and expenditures, The following funds and account groups are used by the City:
Governmental Fund Types
Genera! FurM-
The General Fund is the principal fund of the City. All general tax revenues and other receipts
that are not allocated by Idw or contractual agreement to some other fund are accounted for in this
fund. From the fund are paid the general operating costs, the fixed charges and the capital j
improvement costs that are not paid through other funds.
Spataf Revenue Funds-
The Special Revenue funds are used to account for the proceeds of specific revenue sources
(othe(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 Develof ment (Community Development Block Grant) and from the Texas Criminal
Justice Division, Department of Education, the recreation fund and miscellaneous other revenues.
•19• {
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Notes, City of Denton (Continued)
September 30, 1992
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Debt Sorvlcs Fund-
The Debt Service Fund accounts for the payment of principal and interest on general long-term
liabilities, paid primarily by taxes levied by the City, and for the payment of principal and Interest on
capital leases In the governmental fund types.
G
Capita/ Protects Funds- f
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
Enterprise Funds, the Internal Service Funds and the Trust Funds.
Proprietary fund Types `
fnfWdse Funds-
The Enterprise Funds are used to account for operations that are financed end operate. In a
manner similar to private business enterprises where the intent of the governing body is that the costa
(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 Wastewater Utility Systems (Utility System) and the Sanitation operations
Interns/ Savya Funds•
The Internal Service Funds account for the financing of materials and services provided by one
department of the City to other departments of the City on a cost-reimbursement basis. These funds
include the Working Capital Fund (vehicle maintenance, warehouse and machine shop) end the Motor
Pool operation.
Fiduciary Fund Types
Trust and Aponcy Funds-
Trust and Agency Funds are used to account for assets held by the City In a trustee capacity
or as an agent for individuals, private organizations, other governments, and/or other funds. These
include Expendable Trust Fund (Employee Insurance) and Agency Funds. The Expendable Trust Fund
Is accounted for in essentially the some manner as Governmental Fund Types. Agency Funds are
custodial in nature (assets equal liabilities) and do not Involve measurement of results of operations.
O
General Fixed Assets Account Group
The General Fixed Assets Account Group represents a summary of the fixed assets of the City,
other than assets of the proprietary Funds. Capital outlays In funds other than Proprietary Fund Type
are recorded as expenditures of those funds at the time of purchase and subsequently recorded for
O control purposes in the General Fixed Assets Account Group. O O
General Long-Tenn Llabi lilos Account Group
The General L"-Term Liabilities Account Group represents a summary of the long-term
liabilities of the City paid principally by taxes levied by the City. This account group does not Include
long-term debt accounted for in the Proprietary Fund Types.
•20.
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Notes, City of Denton (Continued)
September 30, 1992
B. Basis of Accounting
The accrual basis.-The Proprietary Fund Types are accounted for on a flow of economic
resources measurement focus. Accordingly, the accrual basis, whereby revenues and expenses are
identified in the accounting period in which they are earned and incurred and net income is
determioad, Is utilized for these funds.
Modified accrual basis-.The Governmental Fund Types, Expendable Trust and Agency Funds
are accounted for on a flow of financial resources measurement focus. Accordingly, the modified
accrual basis is used for these funds. Modifications in the accrual basis for these funds include the
following:
i
1. Revenues are recognized when they become both measurable and evaiiable for use during the
year. Those revenues treated as being susceptible to accrual Include taxes, interest and
intergovernmental revenues. Revenue sources from licenses, fines and forfeitures, service
charges and other miscellaneous revenues are recognized as the cash is received.
2. Expenditures are recognized when the related fu.,id liability is incurred, except for Interest and
principal on general long-term debt, which are recorded when due, and vacation and sick
leave, which are recorded when payable from current available resources.
3. Encumbrance accounting, under which purchase orders, contracts, and other commitments
for the expenditure of monies are recorded in order to reserve that portion of the applicable
appropriation, is employed as an extension of formal budgetary Integration. Encumbrances
outstanding at year-end art reported as reservations of fuid balances since they do not
constitute expenditures or viabilities.
C. Budgets and Budgetary Accountng
The City Council follows these procedures as prescribed by City Charter, in establishing the
budgets reflected in the financial statements:
1. At least sixty days prior to the beginning of each fiscal year, the City Manager submits to the
City Council a proposed budget for the fiscal year beginning on the folowfng October 1, The
operating budget includes proposed expenditures and Ot means of financing them,
2. Public hearings are conducted prior to the adoption of the budget In order to obtain taxpayer
comments.
•
3. The annual budget adopted by the City Council covers the General Fund, the Special Revenue
Fund (Recreation Fund only), the Debt Service Fund, the Enterp ise Funds, and the Inlernat
Service Fund (Working Capital Fund only). The budget is legatty enacted by the City Council
through passage of an ordinance prior to the beginning of the fiscal year. The general purpose
financial statements reflect appropriation control by function activity within an indivlduai fund '
• as approved by City Council. v
4. The City Charter provides that the City Manager has the authority to transfer any
J unencumbered appropriation balances from one expenditure account to another within a single
office, department or agency. The Charter also provides that within the last throe months of
the year the City Manager must request the City Council to approve any transfer of
unencumbered appropriation balances or portions thereof from one function to another as well
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Notes, City of Denton (Continued)
September 30, 1992
as any Increases In fund appropriations. Individual amendments were not material in relation
to the original appropriations which were amended.
AN 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. AN unexpended appropriations at fiscal year end lapse to the
appropriate fund balance except for those of the mutt!-year grants andlof projects.
A reconciliation of revenues and expenditures on the budgetary basis to revenues and
expenditures on the modified accrual basis for Governmental Fund Types Is as follows:
General Fund Special lltmmus Funds
Rownwea and OtMr /ouron: :
Budoetary basis 127,087.955 { /95,653
spacial Rtwnw Funds Unbudoeted: I
Com mrdty Dewlopnem Mack Gram - 650,021
RecruOon
criminal Aedoa 171.fu I
F my fowler Library 102414
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Other 621,21/ 'I
Long- Tom Leesas 101,090 j
Revenues and other sources on nadiAad "efud basis 27,712,115 1,702,321
EeperAtures and Other trees: j
Budoelary basis 27.111,950 129,112 -
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Encurnbranced (moo 127,717
Spacial Mvanue Funds Unbudoeted;
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Conn unity Dewlopmant Mock Gram 661,161
MenaGon 20,067
Urnind Aslica 170,111
Enaty Fowler 11,101 .i
Oder 017.2/0
Eapordkuuo and other uses on modified aeorual bads 71,106,067 1,931,111
rlawnuae and edw sources Iunderl eap"i0t res and a•Jwr was on
• madiRad accrual beels 1 t611,1221 1 tt77st11' • (a
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iNotes, City of Denton (Continued)
September 30, 1992 I
D. Cash and Investments
For the purposes of the 'Statements of Cash Flow,' the City considers demand deposits and
certificates of deposits with maturities of under 90 days to be cash and cash equivalents.
I
Investments are carried at cost which approximates market value except for investments in t
the deferred compensation plan which are carried at market value. Interest earned on Investments
i5 recorded in the funds in which the Investments are recorded.
E. Unbilled Receivables
The City accrues amounts for utility services provided In September, but not billed at
September 30, 1992.
F. Inventories
rInventories are valued at cost or the lower of cost or market. Cost is determined using a
moving average method. j
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G. Fixed Assets
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Enf&"# and Intern, Sarvke funds- 11
fixed assets are recorded at cost, including net interest during the construction period.
Contributed property Is recorded at fair market value at the date of contribution. Depreciation is
recorded on each class of depreciable property utilizing the straight-line method over the estimated
useful lives of the assets. i
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Notes, City of Denton (Continued)
September 30, 1992
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Estimated useful lives are as follows:
WOW Leta
Fixed Asset 11'6asl
ENTERORISE FUNDS-
ENcrrk System
General assets - Structures 50
- Equipment 5 20
Distribution assets • Structures 50
- Equipment 20 33
Transmission assets - Equipment 20 33
Internal combustion assets • Structures s0
• Equipment 13 20
Steam power assets . Structures 50
. Equipment 20 35
Warty end Sewn System
Structures s0
Water and sewer mains 20 33
Equipment 10 20
Furniture and fixtures 10
Water forage MOMS 40 100
Serdrstr"
Vehcles and equipment 10
Landfill 6
INTERNAL SERVICE FUNOS-
Vehicles and equipment 1 10
Renewals and betterments of property and equipment are capitalized, whereas normal repairs
and maintenance are charged to expense as incurred.
Genera! flied As"fs-
General fixed assets are recorded as expenditures in the General, Special Revenue cr Capital
A Projects Funds when acquired. Such assets are capitalized at cost In the General Fixed Assets 0 0
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 sequls(tion. Pubic domain (infrastructure)
general fixed asset, consisting of streets, curbs, sidewalks, gutters and drainage systems, :re
capitalized along with other general fixed assets. No depreciation Is provided on general fixed assets.
•24•
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Notes, City of Denton (Continued)
September 30, 1992
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 t 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.
At September 30, 1992, the City had a tax margin of $ 1.82 per $100 valuation based upon
a maximum ad valorem tax of $2.50 per $100 valuation Imposed by Texas Constitutional law.
Additional revenues up to $35,513,742 could be raised per year based on the current year's assessed
value of $1,951,304,490 before the limit is reached.
1. Compensated Absences
The City allows employees to accumulate unused vacation up to forty days. Upon termination,
any accumulated vacation time will be paid to the employees. Generally, sick leave is not paid upon
termination except for fire and policemen. Fire and policemen accumulate unused sick 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, 1992, the liability for accrued vacation leave and accrued sick leave is
approximately $3,227,503. The amounts applicable to the Enterprise Funds ($517,758) and Internal
Service Funds 1$23,431) have been recorded in those funds, and the amount applicable to other funds
($2,6e6,314) has been recorded in the General Long-Term Liabilities Account Group. The amount
expected to be paid from current available financial resources Is not significant.
J. "Memorandum Only" Total Columns
Total columns on the combined statements are captioned as'memorendum only' to Indicate
that they are presented only to facilitate analysis. Data In these columns do not present financial
position, results of operations or cash 03ws In conformity with generally accepted accounting
principles. This presentation does not represent a consolidation. lnterfund eliminations have not been
made in the aggregation of this data.
0 42) CASH AND INVESTMENTS
In order to facilitate effective cash management practices, the operating cash and certificates
of deposit, of all funds, except for the deferred compensation fund are poled into common e,,cunta
for the purpose of Increasing income through combined Investment activities. The City's bank
If` deposits Icash and certificates of deposit) at year-end wc,e entirely covered by federal depository
S insurance or by collateral held by the City's agent in the City's name. O 0
The investments of the deferred compensation fund are held separately from those of other
City funds by an outside trustee appointed by the City.
Statutes authorize the City to Invest in obligations of the U.S. Treasury, U.S. agencies,
repurchase agreements, municipal pools, and certificates of deposit,
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Notes, City of Denton (Continued)
September 30, 1992
At September 30, 1992, the City's Investments are insured or registered or the securities are
held by the City or its agent in the City's name. As of September 30, 1992, the City's Investments
are as follows:
Par Cost Market Value
U.S. Treasury Securities $41,831,655 443,051,971 443,981,276
U.S. Agency Securities 31,400,000 32,693,874 33,026,134
Municipal Pools 13,326,000 13,326,000 13,326,000
486,557,655 089,071,845 590,313,410
(3) FIXED ASSETS
General Frred Assefs-
General fixed assets balances and transactions for the year ended September 30, 1992, are
summarized below:
Balance Belanoe
October 1, Transferal Saptembu 30,
1991 Additions Deductlons 1992
Land 5 4,728,788 1 1 4 4,726,788
Buildings 10,981,803 896,381 11,878,184
Streets 49,593,862 2,718,360 52,312,222
Machinery and equipment and
other Improvements 7,444,142 605,215 8,049,357
Construction in progress 6,706,693 3,982,521 13,814,741) 7,074,473
Total 179,453,286 68,202,477 413,614,741) 484,041,022
Investment In General
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Fixed Assets
From bond la sues 157,916,182 17,597,262 419,614,7411 161,898,703
From current revenue 8,213,488 505,215 8,618,703
66,129,870 8,202,477 (3,814,741) 70,717,408
From contributions 13,323,616 13,323,816
Total 179,453,286 18,202,471 5{3,6114,741) 184,041,022
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Notes, City of Denton (Continued)
September 30, 1992
General Fixed Assets by function and activity as of September 30, 1992 are summarized as
follows:
Mscb.rE4uip. and
Odwr
Torsi Lend aufldings Stem knprov rats k
TOTAL PRIOR To OCTOBER 1, 1966 153,241,504 14,594,452 1 1,310,172 134,702,264 15,S54,636
GEMf AL GO VE'RMA# M7:
Parke 2,464,671 11,711 2,302,IS2 150,701
Parke Grant 61,519 42,026 11,493
Legal 15,980 15,!10
Muricipw coup 7,357 7,357
Human Resources 12,717 12,717
CMOIMSED 76,361 16,368 -
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Biddies! Maintenance 230,541 223,$61 7,367
i
Lbrary 165,616 2.651 662.028
Libivy Grant 60,871 80,879
RaminalCO 163,747 73,201 2,034 88.512
Oparations AneWs 4,114 4,824
Tow"Wei GoveonNnt 3.713,104 126,946 21570,005 1,126,157
PV8U6 WORKS:
I
Traffic Enplrnsrl q 41,458 41,451
Emerge racy ManaparrwM 15.798 16,798
Enpinaarrna $4,661 34.557
I
Coda Enforcement 1,101 6,101 E
Publie Works Adrr"strnion 20,733 2Q738
i
Streets 17,700,123 4,115 11,660 17,609,931 74,260
$treat sweepinarOrainaae 30.411 30,021
Croon Bond 3.796 3.766
• urport 41170 4,170 1
i
EnAtorenentel Health a sMna 1.163 11842
Animal Ccotrot 269,403 166,802 3,101
Total hole works 918.121,422 6 4,131 1 277,392 617,501,931 1 218,967
c • •
1,001
27 J
1
rI
%
Notes, City of Denton (Continued)
September 30, 1992
Mach.A3guip. and
Other
Total tend 8u0dnpa SUeeu 4rpravemenu
IconGnudl
FAVANCE:
I'inanoa Admirietration 6 39,112 1 / 1 6 35,1}3 1
Cuslamr Service 50,124 50,124
pureh"rq 61253 6,252
CseNedng 11,554 13,654 I`
Accounting 15,164 15,164
Court Clerks 23,323 23,323
Tex 2.910 - 2,110
Word Processing 143,350 1,122 162,221
Infonnotfan Services 326,354 2,603 322.411
Osfanslve OdAng 1,063 1,013
Total Finance 663,591 4,025 969.073
fire Adminlatradan 17,179 - 17.979
Fire operations 642,704 676,630 197,074
Fire Preantion 6,625 11053 4.776
Emergency Medical 31.026 21.026
Fire 12511 7.011 7.611
Ponce AdMnietrsdon 19,710 19.710
COminallnwstgation 42,311 42,311
Police Operations 64.116 - 64.196
Police Support Operations U,647 16,947
Police Mania 21,424 21,424
Total Public Safety 1,149.321 1,052 676,670 471,621
eI
Construction In Progress 7,074,473
r
TOTAL 194,041.022 64.726.711 111.675,114 152,312,222 611044111307
J
.28-
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i
Notes, City of Denton (Continued)
September 30, 1992
Changes in general fixed assets by function and activity for the fiscal year ended
September 30, 1992 are summarized as follows:
General General
Feed Assets Tronsleral Fixed Assets
1011Nt Additlane 006ctione 1!20112
TOTAL PRIOR TO OCTOWA 1. 19" 152,241,504 1 6 652,241,504
GIFNEA L GOVEMM"r.
Perko 2,452.047 11,612 2,464,679
Perks On Mt 59,334 t,Sa6 61,519
Legal 71,891 14,062 85,910
Municipal Court 7,257 - 7,257
Hurnan Resources 9,849 2,848 12,717
CMOIMSEO 19,225 0,042 25,266
sulung Maintenance 7,196 222,662 270,54x
Laxary 610,516 15,077 465,5x1
L11I Grant 60,870 60,879
Planning/CD 112,289 10,440 142,747
Operations Analysis 4,824 4,824
Total General 0ow:•c, em 2,247,733 415,221 2,783,104
PVOM WORKS:
Traffic "rearing 8S,070 6,480 41,450
Emergency Management 16,780 16,710
Enanedne 2S,762 8.795 24,657
Code Enforcement 4,871 1,210 9,101
hbnc Works Administration 20,722 20,722
Streets 14,331,742 21711,260 17,700,122
street IweeplngrDreinage 20,421 - 20,621
Airport Bond 2,716 - 2,714
Airport 2,612 1,667 4,170
Environmental Health services 476 1.307 1.862 i
Amin al Control 24#,402 2M,402 "
r Tow ►ulikWade 116,211,112 42,720,900 1 41x,121,622
•29•
Y '
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i
i
Notes, City of Denton (Continued)
September 30, 1992
General Gonsrl
Fixed Assets Tnnetetot Fled Assets
10!7!91 Additions Dducdcm 9130192
(conunued)
FAAArCF:
Finance Administration / 36,626 1 2,210 6 / 39,113 1111
Customer Same* 36,134 $3,990 - $0,124
Ir
Purchasing 3519 1,664 5,253
CssNaring 13594 13,684
Accounting 11,164 19,664
Court Clerks 21,973 1,150 23,323
Tax 2.065 85 2,110
Word Prrchasing 26,734 I56,S16 113,360
Inlormetion 6erAcss 134,995 190,311 326,384
Defensive Driving 1,013 1,063
Tetsl Fkwm 296,164 317,142 663,191
P7/91A0 8AA£►Y:
Fire Admirrsito- in 14,314 3,666 17,879
Pro Operations 165,101 670,603 643,704
Fn Pseventlon 51921 5.010
en»rgency Medical 19,473 11,656 31,020
Are 12Sl) 7,696 7,690
Police Admlrystralon 11,710 11,710
Comind InvestigaiJon 42,316 42,311
Police Opsrstions 63,713 402 64,106
Polce Support Opsutiors 16,632 1,015 41,147
Police Grsnu 23,011 4,111,43 10,414
Total PiAk0etety 446,637 700,68 1,141,321
Construction in progress 6,704,693 3,112,621 13,414,7411 7,074,473
' TOTAL 975,463,216 11,302,477 913,114,7411 364,041,022
.30-
a
Notes, City of Denton (Continued)
September 30, 1992
Construction In progress Is compeeed of the following:
74ajacl Expended to
Aooraodetion Soctorrher 30. 1002 Committed
Airport knprowmants 1 1,054.611 4 01111#0 6 1,353,411 -
Northeast Rearoadon Canter 1,300,000 625,000 774,981
North Lak" Phan R 1,000,000 11.605 178,316
AtNetle Fields 166,606 200,013 557,603 ' Swimming Poal Mnevatione 316,500 11,140 1#0,6#1
Library 631,000 214,515 237,416
Law Erdoroamem 200,000 120,420 71,671 ?Tennis Court-Nara 6olwlu 38,600 14,615 131006
Civic Center Ranovation 17,040 714 10,316
Mae ADA Projects 17,160 10,020 21131
Convert Stations to 60 261000 23,315 11666
Roof Renovations • Recreation Canter 13,000 9,115 2,615
GIs Compular system 1,270,617 110341311 146,200 1
Fire Station #0 611,700 366,/17 244,103
Ovest and 990" • '
Cvr04 rum 201000 11,651 3,443
Hgi $600d North Projects 20,154 24,066 4,480 -
Misr Parkway 417,342 363,735 63,607
MSer Tom #6,001 06,450 611 i
Teeelsy holms 613,530 $62,742 30,717
Locust 1,155,313 $42,407 662,606
Bonnie 1rn 21,170 2,410 11,710
Elm 314,611 60,741 263,773
Traffic 6ysteml64uua 434,000 214,646 1311.364
Sidewalks 160,161 147,062 31,066
June street 2,647 2,611 1
Longddge Street 6.100 5,600
Stuart/Sunny 21162 2,252
Loma De Rey 14703 130,413 17.430
Nottingham 403,669 206,112 101,367
Pedeetdan Islands 61,250 40,461 11708
Repave-Intar 227,423 136,046 06,874
Colinerft. Worth Dr. Sig. 44,174 11,596 13.810
fort Worth Drive 4,611 4,604
Crain Study 7,000 7.000
Airport Parking Lot Renovation 21,000 165 27,845
Chia Center Parking Lot Renovation 106,665 11361 104,201 i
Airport Torminal Renovation 1,700 7,336 1,364
Swop Drainage 2501000 5,711 244,221
Meyhi6lTaaan Creek Drainage 15,000 21.605 16,0061
Moyfiill/Copper Creek Drainage 60,000 1,344 57.856
Hobson Lana Bridge Drainage 1161000 1S 114,904
.lamnlCelvert Drainage 150,000 462 141,538
- Fort Worth Drive Drainage 1.600.000 16.470 1.473.,E r
Total 1 16.450.141 67.074.473 11.316.01
i
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1 .0011"
i
•31
r r r ,
.
Notes, City of Denton (Continued)
September 30, 1992
Entw A*o and lnfwna/ Swvks Funds-
Fixed assets of these funds are as follows:
September 30
1992 1991
z
Utility system-
Land and land rights t 1,824,215 4 1,799,537
Water storage rights 58,509,737 57,347,084
Electric plant and equipment 83,844,958 78,142,872
Water plant and equipment 40,780.456 39,889,828
Sewer plant and equipment 38,150,918 37,788,454
222,920,282 212,925,555
Leas • Allowance for depreciation (79,299,519) (72,534,213)
143, 820, 783 140, 391, 342
Construction In progress 4,840,075 7,000.883
Total fixed assets • Utility System 4148,480,838 $147,392,265
Sanitation-
LanJ and land rights t 1,992,239 4 1,992,239
Vehicles end equipment 455,522 419,189
Less - Allowance for depreciation (1,513,087) 11,270,439)
Total fixed assets • Sanitation 1 934,774 1 111140,989
Internal Service-
l and and land rights 1 183,808 4 183,808
Vehicles and other assets 14,411,479 13,048,252
0
Less • Allowance for depredation _ 110,280,018) (10,425,774)
4,335,289 2,804,284
Construction in Progress
Total fixed assets • Intemal Service 1 4,335,289 4 4,844,284' i.
°
32 -
4 .t .71' ,,y Fleer , r
•
x, r
Notes, City of Denton (Continued)
September 30, 1992
(4) LONG-TERM LIABILITIES
Long-term liabilities transactions for the year ended September 30, 1992, are summarized as
follows:
Balance at Batancs at
October 1, September 30,
1991 Issued Retired 1992
General long-Term Usb8 as
Coneral 000ation bonds 1 23,611,369 1 2,630,000 12,147,950 ll 23,993,509
Certificates of Obligation 2,800,355 725,000 419,340 2,908,015
Obligations under capital leases 212,148 104,990 57,456 269,683
Accumulated urpald compensated
absences 2,523,299 183,015 2,686,314
Fold061ral long-term #am*# 28,847,181 3,623,005 2,624,845 29,845,521
fjb*fwy sand types
Wily System revenue bonds 55,710,000 4,600,000 3,505,000 68,706,000
General Obrgation bonds
(pledged by unitatlon revenues) 11055,371 122,150 933,221
Contractual Obligation 850,000 426,000 425,000
Certificates of OblIgation 1,189,846 6001000 320,680 1,448,985
Obligations under capital Woof 21,829 948,316 108,842 861,302
Accumulated unpaid compensated
absences 526,281 14,908 541,169
Note payable 65,643,008 1,182,673 127,759 58,877,922
Total pr A*fary fund types 114,978,134 7,223,896 4,807,411 117,692,819 j
Total' ".tam MebMtWs 1143,823,295 110,848,001 17,232,068 047,438,140
p ~
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F
f
•33•
I
i
Notes, City of Denton (Continued)
September 30, 1992
General Bonded Mt-
General bonded debt at September 30, 1992, Is comprised of the following:
Amount
Outstanding at
interest Rate Final Original Amount September 30,
Bonded Debt (%I Issue Data Maturity of Issue 1992
General Obligation Refunding 6.70 to 8.30 1985 2004 123,728,730 113,331,730
General Obligation 8.40 to 9.40 1987 2007 3,500,000 2,625,000
General Obligation 8.50 to 9.60 1988 2008 3,800,000 3,075,000
General Obligation 6.50 to 9,50 1989 2009 3,615,000 3,285,000
Ganeral Obligation 6.55 to 8.50 1992 2012 2,830,000 2,830,000
Total General Oblgation Bonds 37,071,730 24,928,730
Certificates of Obligation 6.00 to 9.00 1987 2007 500,000 375,000
Certificates of Obligation 6.00 to 8.75 1987 1997 1,100,000 820,000
Certificates of Obligation 8,80 to 9.80 1989 1999 1,155,000 350,000
Certificates of obligation 6.00 to 9.00 1989 1999 1,550,000 1,225,000
Certificates of Obligation 8.30 to 8.70 1990 1993 1,260,000 425,000
Certificates of Obligation 6.40 to 8.40 1991 2006 590,000 480,000
Certificates of Obligation 4.40 to 7,40 1992 2007 1,325,000 1,325,000
Total Other General Bonded Debt 7,470,000 4,780,000
Total General Bonded Debt $44,541,730 129,708,730
Proceeds of general bonded debt are restricted to the uses for which they were approved in
the bond elections, The City Charter expressly prohibits the use of bond proceeds to fund operating
expenses. The general obligations are collateralized by the full faith and credit of the City and,
primarily, payable from property taxes.
In 1985, the City defeased all general obligation bonds by placing the proceeds of new bonds
in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, i
the trust account assets and liabilities for the defeased bonds are not Included In the City's financial
statements. On September 30, 1992, 114,805,000 of bonds considered defeased ere still
outstanding.
k
34 :=ad ddkwdwA~
i
i
Notes, City of Denton (Continued)
September 30, 1992
Revenue bond debt at September 30, 1992, is comprised of the following Issues:
Amount
Outstanding at
Interest Rote Final Original Amount September 30,
Rev" Bonds (X) Issue Date Maturity of tssus 1992
Utnhy system 4.75 1a 9.625 1983 2007 125,280,000 110,160,000
Utility System 9.00 to 12.00 1984 2009 20,000,000 2,700,000
Utility System 8.00 to 11.00 1984 2004 1,000,000 160,000
Utility System Refunding f-.00 to 7.00 1997 2009 17,485,000 17,230,000
Utility System 8.75 to 9.75 1988 2007 3,500,000 2,975,000
Utility System 6.00 to 9.00 1989 2009 20,000,000 19,000,000
Utility System 5.80 to 8.75 1992 2014 4,500,000 4,500,000
191,786,000 156,705,000
The City has the option to retire at par al or a portion of the bonds, except for tine Utility
System Revenue Bonds Issued October 25, 1984, prior to maturity on or after December 1, 1993.
The bonds Issued October 25, 1984, give the City the same option on or after December 1, 1994.
The revenue bonds are collateralized by the revenue of the Utility System and the v6rious
special funds estabrished by the bond ordinance, The ordinance provides that the revenue of the
System Is to be used first to pay operatkig and maintenance expenses of the System and second to
establish and maintain the rtr anus bond funds. Any remaining revenues may then be used for any
lawful purpose. The ordinance also contains provisions which, amcng other hems, restrict the
issuance of additional revenue bonds unless the special funds noted above contain the required
amounts and certain financial ratios are met, The City is in compliance with all significant
requirements, Below is a summary of the various restricted asset accounts required by the bond {
ordinance as of September 30, 1992:
i
Interest and Sinking Fund $ 8,942,424
Reserve Fund 8,098,044
• Emergency Fund 250,000
Extension and Improvement Fund 2.853.828
f
618,144,294
Assets In these accounts consists of cash and U.S. government securities. Related liabilities
and retained earnings am as follows: 1
Payable from restricted assets-
Accrued Interest / 1,605,939
Revoaue bonds payable, current 3,535,000
Retained earnings reserved for bond retirement 13.103.358
$18.144.294
f
,35•
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w
Notes, City of Denton (Continued)
September 30, 1992
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 asses and Aabitities for the defeated bonds are not ineluded in the City's firwncial
statements. On September 30, 1992, $30,310,000 of bonds considered defeased are still
outstanding.
In addition, the City has established a reserve fund to pay for General Obligation bonds pledged
by Sanitation revenues of 1209,075.
Ir Noe ffyaW
In 1980 the City and the City of Dallas contracted with the Corp of Engineers for the
construction and development of flay 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 estxmdted total cost of water storage
rights at September 30, 1992, was $58,259,673. Of thia amount the City's estimated cost for
present demand Is 030,295,030. The antournt allocated to the storage for present demand shah be
paid in fifty (50) consecutive annual installments, the Rrst of which was due and payable within thirty
at project was comP~ed and
days ter the City was notNied by the contracting officer that the
130 f
)
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 provded
In Ray Roberts Reservoir for future use is currently estimated at $27,964,843 on the basis of exist
presented, and the basis of cost at September 30, 1992. No principal or Interest payment with
respect to this storage for future water supply Is required to be made during the first ten t10) years
Wowing the date the project is operational for water supply purposes unless all or a portion of such
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 Investment cost s1limted thereto, plus Interest applicable to such portion as
provided, will be due and payable on the date of the first use of such portion. The said amount due
shall be paid within the life of the project and not to exceed fifty (50) consecutive annual payments.
The City Is also responsible for twenty-six (26%) per cent of the cost of any major capital replacement
facilities required. The City will also be required to pay the govemmant twenty-six 126%1 par cant
of the annual cxperienced operation and maintenance costs for specific water supply facilities at the
Reservoir.
t
j
1 4
4
-38•
, . rWiat~L ~.!-1~.. vile i T~ t ~.rT. ~t t ~ i •f' .t
•
Notes, City of Denton (Continued}
September 30, 1992
i
Aggregate maturities of the lorlg-term debt (principal and Interest) for the years subsequent
to September 30, 1992, are as follows.
Bondi
General
Fiscal year Obligations Revenue Notes Payable Capital Leases Total
1993 4 5,572,016 1 7,640,073 12,059,140 4 304,683 4 16,778,512
1994 4,956,t48 7,405,000 2,158,275 304,663 14,624,600
1995 4,608,090 7,052,606 2,158,275 304,693 14,023,662
1996 4,158,893 6,667,481 2,166,275 278,928 13,463,577
1997 3,886,308 6,992,042 2,158,275 94,479 12,611,104
1998-2002 15,619,290 26,337,183 18,552,879 9,676 60,519,028
20032007 6,870,628 19,779,431 20,493,255 45,943,314
2008.2012 1,852,312 9,726,638 20,493,265 32,072,105
2013.2017 1,210,825 20,493,255 21,704,080
20182047 105,476,431 105,476,431
Total principal 48,204,993 92,711,179 196,200,315 1,297,132 330,413,919
and hterest
Less applicable
interest 118,498,2631 138,006,179! 1139,522,3931 11741,1471 1182,202,982)
Total principal 11129,706,730 $ 66,706,000 166,577,922 11,120,986 11144,210,637
Bonds Authorised and Unissued-
General obligations bonds authorized but unissued as of September 30, 11992, amounted to
$8,332,000. When Issued, the proceeds will be allocated to the applicable Capital Projects Funds.
15) LEASES
• leases payable represent the remaining principal amounts payable under lease purchas9
agreements for the acquisition of vehicles, copier equipment, computer hardware and other
equipment. These leases are recorded as capital leases. The vehicles, copier equipment and the
landfill vehicles era recorded In the Proprietary Fund Types, and the computer hardware and other
equipment are recorded in the Genersl Fixed Assets snd General Long-Term Liabilities Account Groups.
Remaining requirements, Includirg interest, under these leases are as follows:
1-100,
.37.
i ,
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•
Notes, City of Denton (Continued)
September 30, 1992
General
Proprietary Long-Term
Year Fund Types Liabilities
1993 0 230,766 s 73,917
1994 230,766 73,917 II
1995 230,766 73,917
1996 224,028 54,900 F
1997 85,726 8,753
1998 4,838
1999 4,838
1,011,728 285,404
Less • Applicable Interest (150.344) (25,803)
Net Present Value ; 881,384 $259,601
(6) PENSION PLANS
Taxes Municipal RetimmeM Plan:
Men Description- {
The city provides pension benefits for all of its full-time employees (except firefighters) through if
a nontraditional, joint contributory, defined contribution plan in the state-wlde Texas Municipal
Retirement System (TM RS). one of over 690 administered by TM RS, an agent multiple-employer public
employee retirement system. It is the opinion of the TMRS management that the plans In -MRS are
substantially defined contribution plans, btot they have elected to provide additional voluntary
disclosure to help fosW a better understanding of some of the nontraditional characteristics of the
plan,
Benefits depend upon the sum of the employee's contributions to the plan, with Interest, and
the city-financed monetary credits, with Interest. At the date the plan began, the city granted
monetary credits for service rendered before the plan began of a theoretical amount equal to two
times what would have been contributed by the employee, with interest, prior to establishment of the
plan. Monetary credits for service since the plan began are a percent (200-6) of the employee's
accumulated contributions, In addition, the city can grant as often as annually another type of
monetary credit referred to as an updated 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 O tD
began, would be the total monetary credits and employee contributions accumulated with Interest 0
the current employee contribution rats and city matching percent had always been In existence and
if the employee's salary had always been the average of his salary In the last three years that are one
year before the effective date. At retirement, the benefit is colculaled 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.
•38•
• _ -
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Notes, City of Denton (Continued)
September 30, 1992
Members can retire at ages 60 and above with 10 or more years of service or at ages 60-59
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 TMRS and
within the actuarial constraints also in the statutes.
conti4budons-
The contribution rate for the employees is 5%, and the city matching percent is currently
200%, both as adopted by the goveming body of the city. Under the state law governing TMRS, the
city contribution rate is annually determined by the actuary. This rate consists of the normal cost
contribution rate and the prior service contribution rate, both of which are calculated to be a level
percent of payroll from year to year. The normal cost contribution rate finances the currently accruing
monetary credits due to city matching percent, which are the obligation of the city as of an
employee's retirement date, not at the time the employee's contributions are made. The normal cost
contribution rate is the actuarially determined percent of payroll necessary to satisfy the obligation of
the city to each employee at the time his retiremeit becomes effective. The prior service contribution
rate amortizes the unfunded actuarial liability over the remainder of the man's 25-year amortization
period. When the c;ty periodically adopts updated service credits and increases in annuities in effect,
the Increased unfunded actuarial liability Is to be amortized over a new 25-year period. Currently, the
unfunded actuarial liability Is being amortized over the 25-year period which began January, 1992.
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 %alustbon that is the
basis for the rate and the calendar year when the rate goes into effect.
The city's total payroll In fiscal year 1992 was 125,073,084 and the city's contributions were
based on a payroll of $21,443,097. Both the city and the covered employees made the required
contributions, amounting to 11,156,035 (5.15% of covered payroll for the months in calendar year
1991, 1242,767 or 4.34% normal cost plus 046,242 or 0.81 % to amortize the unfunded actuarial
liability, and 5.54% for the months M calendar year 1992, 1715,297 or 4.57% normal cost plus
4151,729 or 0,97% to amortize the unfunded actuarial Iiabihty) for the city and 11,072,155 (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 fate for 1992 by 0.04% of payroll. There were
no related-party transactions.
Funding Status and Progress.
Even though the substance of the city's plan Is not to provide a defined benefit in some form,
some additional voluntary disclose a is appropriate due to the nontraditional nature of the defined
contribution plan which had an initial unfunded pension benefit obligation due to the monetary aediu
i granted by the city for services tendered before the plan began and which can have additions to the
i unfunded pension benefit obligation through the periodic adoption of Increases in benefit credits and
benefits. Statement No. 5 of the Governmental Accounting Standards Board (GASS 5) defines O 0
pension benefit obligation as a standardized disclosure most-ire of the actuarial present value of
pension benefits, adjusted for the effects of projected sebary, increases, estimated to be payable in the
future as a result of Imployee service to date. The measure Is Intended to help users assess the
funding status of public employee pension plans, assess progress made In accumulating sufficient
assets to pay benefits when due, and make comparisons anmo,tg public employee pension plans.
•39•
,...T,t.M..ry...,r.~.....
. .
J~
Notes, City of Denton (Continued!
September 30, 1992
The pension benefit obligation shown below Is similar In nature to the standardized disclosure
measure required by GASB 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, 1991.
Because of the money-purchase nature of the plan, the interest rate sasumption, currently 8.5% per
year, does not have as rr.uch Impact on the results as it does for a defined benefit plan. Market value
of assess is not determined for each city's plan, b-n the market value of assets for TMRS as a whole
was 114.1 % of book value as of December 31, 1991.
Persion Benafh Obligation
Annuitants currently receiving benefits t 2,204,821
Terminated employees 636,093
Current employees
Accumuteted employee contributions including
allocated invested earnings 9.492,52 6
Emplayerdinanced vested 9,335,420
Employer. financed nonvested 3,076,572
Total 24,945.432
Net Assets Available for 86nsflta ftt Book Value 21,968,638
Unfunded Pension Benefit Obligation 2,978,798
The book value of assets is amonized cost for bonds and original cost for shon-term securities
and stocks. The actuarial assumptions used to compute the actuarially determined city contribution
rate are the some as those used to compute the pension benefit obligation. The numbers above retool
the adoption of changes In the plan since the previous actuarial valuation, which had the effect of
Increasing the pension benefit obligation by 4251,06.
rand fnlormt/on
Five Yew Mdaebael Tree6 Infomrdoe
Dewmber $1, Oseember !1, December 81, Oacembw at, December 31,
Year Ended 1117 1088 lose 1000 1001
Net Assets Available for $11,543,600 $14,146,080 016,683,114 110,346,611 121,068,636
Benefits
• Pension Banefrt Ob6lation 113,665,502 116,6311,047 110,310,318 122,636,640 124,046,432
PercentageFundad 116.1% 16.0% 86.1% 86.9% 86.4%
Unfunded Pension 6me1N 1 2,011,616 12,492,007 1 2,616,204 1 3,101,!10 4 2,071,716
Obligation
'I Annual covered Payroll 118,636,036 118,140,019 111,a47,8ts 121,120,181 121,443,007
Unlu ati Peron Baader
• Obligation as e PHGrF 12,2% 13.7% 14.2% 16.1% 13.0%
teta of Cove, ad Payroll
CByContrityAlon, I*TMRa 1 626,970 1061,006 1 1,020,272 1 1,018,676 11,1a40s6
k Average City Rata 64% 6.4% 5.1% 6.4%
.40.
11101 1 J~ 11 Sort VIM
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Notes, City of Denton IContinuedl
September 30, 1992
Trend Information prior to 1987 Is not available. Ten year trend Information will not be shown
seperately until five years of data have beer. accumulated.
Firemen's Reliof and Retirement Plan: j
The City provides pension benefits for all Civil Service rmployees of the Fire Department i
through a defined contribution plan. The Board of Trustees of the Denton Fireman's Relief and
Retirement Fund Is the administratof for the pension plan, The Pension plan 4 not considered a part
of the City of Denton entity. In a defined contribution plan, benefits depend solely .r amounts
contributed o the plan plus Investment earnings. Fire emplcyees are required to become a member
as a condition of employment. An employee becomes fugy vested after 20 years of credited service.
City contributions for, and interest forfeited by, employees who leave en,ptoyment before vesting are
redistributed to plan participants.
The City's total Fire Department porrion of payroll in fiscal year 1992 was $3,548,073. Both
the City and the covered employees made the required contribution 19.0% 'or 1991 and 1992),
amounting to 1319,326 from each source or $638,652 in total
171 DEFERRED COMPENSATION PLAN
The City offers Its employees a deferred compensation plan created In accordance with Internal
Revenue Code Section $57. The plan, available to all permanent City employees, permits them to
defer, until future years, up to 4% of annual gross earnings not to exceed $7,500. The deferred
compensation Is not available to employees until termination, retirement, death, or unforeseeable
emergency,
All amounts of compensation deferred under the plan, all property and rights purchased with
those amounts, and all Income attributable to those amounts, property, of rights are (until paid or
made available to the employee or other beneficiary) solely the property and rights of the City (without
being restricted to the provisions of benefits under the plan), subject only to the claims of the City's
general creditors. Psnticipants' rights under the plan are equal to those of gar-oral creditors of the city
in an amount equal to the 131( market value of the deferred account for ea.h pnnicipsnt, Investments
(primarily cash and cash equivalents) In the deferred compensation plan are rat;ofded at market value,
It Is the opinion of the City's legal counsel that the City has no liability for losses under the
plan but does have the duty of due care that would be required of an ordinary prudent Investor. The
management of the City believes that it is unlikely that it will use the assets to satisfy the claims of
• general creditors at this tHm.
(8) SELF-INSURANCE PLAN
The City has established s seif•Insurence plan for workers' compensation benefits andgeneral
liability. Accrued claims payable Include provisions for claims reported and claims Incurred but not •
reported. The provisions for reported claims Is determined by estimating the amount which w,'$
ultimately be paid each claimant. The provision If of claims Incurred but not Vol reported Is estimated
based on the Clty's experience.
The costs associated with the self-insurance pion are reported as Imerkrnd tr;,nsectlons,
Accordingly, they ere treated as operating revenues of the Expendable Trust Fund and operating
expenditures (expenses) of the other funds.
41•
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Notes, City of Denton (Continued)
September 30, 1992
(9) COMMITMENTS AND CONTINGENCIES
Agraw art with TMPA•
In 1978, the City, along with the cities of Bryan, Greenville W. Garland, Texas (the 'CR40 ?
entered Into a Power Sales Contract with the Texas Municipal Power Agency (TMPA). TMPA was
created through concurrent ordinances of the Cities end Is governed by i Board of Directors condatirv
of eight members, two appointed by the governing body of each ay. Under the terms of the
agreement, TMPA agreed to construct or acquire electric generating plants to supply energy and
power to the Chiss for a perW of not lea then 35 years. The Cities In turn agreed to purchm all
future power and energy requirements in excess of the amounts ganersted by their systems from
TMPA at prices intended to cover caseating costs and retirement of debt. In tha event that revenues 1
are insufficiant to cover ail costs and retire the outstanding debt, each of the Cities has guaranteed ;
a portion of the unpaid debt based, generally, upon its pro tats share of the energy delivered to
consumers in the prior operating year.
As of Siptember 30,1992, total TMPA debt outstanding was approximately 11,218,000,000,
and the City's guaranteed percentage Is approximately 22%. In the opinion of management, the
possibility of a material payment under We guarantee Is remote in that TMPA Is generating operating
profits and same exceed liabilities.
TMPA operates a 390 megawatt lignite-fueled generating plant. Should TMPA be dissolved,
each City would be entitled to an undivided Interest In the property.
Selected financial statemert Information of TMPA is as follows:
September 30.
(Unaud'ned)
1892 1991
1000's) (000's)
Operating Revenues $ 188,719 1 189,248
Operating Expenses 107,483 108,291
Operating Income 81,254 80,957
• Other Nonopersting Sources (Uses) (89,580) (89,947)
Current Assets 71,407 87,053
Total AssMs 1,440,018 1,448,278
z,.
Long-Term Debt 1,353,125 1,388,058
Total Uabilities 1,418,521 1,428,387 L ,
• Total Equity 23,495 211911 •
• 42 .
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Notes, City c; Denton (Continued)
September 30, 1992
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Aprownent whA Ofty of Dallas-
DurkV 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 Daps from
I j
Lake Lewisville, This contract will be effective for 30 years.
tltlyaslon- ~ I
Various claims and lawsj+ts are pending against the City. In the opinion of City management I
and legal counsel, the potential 13sess, after Insurance coverage, on all clal rs will not have a matertsl
effect on the City's financial po.9tion as of September 30, 1992.
(10) SEGMENT INFORMATION FOR k.NTEAPRISE FUNDS
Segment Information for the year ended September 30, 1992, was as follows:
Utility System Sanitation Fund Total
Cperating Revenues 1 82,214,582 13,867,484 1 88,082,066
Depreciation 8,781,211 242,648 7,029,659
Operating Income 14,814,089 440,983 15,255,072
Operating Transfers Out 6,787,245 358,885 7,146,130
Net Income 6,345,319 93,649 6,438,868
Current Capital Contributions;
In aid of construction 247,928 247,928
Accounts Receivable:
Accounts receivable, gross 10,303,471 10,303,471
Allowance for uncollectibles 5,558,746 - 5,658,748
Accounts receivable, net 4,744,725 4,744,725
Property, Plant and Equipment
j Additions 7,855,644 36,453 7,892,297
Total Assets 233,219,832 1,493,154 234,711986
Net Working Cap4st (Deficit) 35,976,546 88,844 36,443,390
Bonds Payable 68,705,000 609,671 57,614,671
Notes Payable 156,611,922 66,677,922 + •
+ Total Equity (Deficit) 109,429,812 {304,145) 108,125,667
-43-
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Notes, City of Denton (Continued)
September 30, 1992
The 18,000,000 advance from the Electric System to the Water and Sewer System is 4?
eliminated in the combined Utility S) stem financial statements!
r ,
(11) INDIVIDUAL FUND DISCLOSURES
Individual fund disclosures as of and for the year ended September 30, 1992, areas lotlow9:
;I
Interfund Receivables end Psyabla:
DOM Fund ~
• ImeAur4 wanoeaAlatalned
Fund MCeivow" tnterfurd Fsyetllas Earrings of wo
General Fund 1 261,183 64,41/,416 1 "
Speafel IUvenus Fords: ,
Comnurlty Development Mock Grent 1,114 2,071 -
Rsoreatlon 271 11201
Crimims!Jus6oe 11,776 6,311 13,642)
fndfy Fe wlu 211
N,111
Other 911612
Debt seMas 1,416,714 267,629
Cpltel Project Funds: 'S
Airport hrprovemem 79,271
strest knprovememe 12,310
CoMtruction Projects t0 160,321 1
Other Capitol Projects 10,102
En•srodss Funds
utility system 9.062.447 2,161,120 ~I
sen0atlon 3,617 !01,167 1304.1461
Intemef somes surds.
workingcap'el 771,2:4 271,661
Motor Pod 600,000 1,101; t!7
Trust end Asemy Furls
Expende614 Tryst $1201 72
Agency • Peyro6 25.145 217
Tole! 6$,211,!3$ 1!,!16,!13 l;G
• (12) RESTATEMENT OF RETAINED EARNINOS • •
During fiscal year 1991.92, the City restated ntalned earnings at October 1, 1991 to 19fteet
a change ,tn reporting depreciation of donated capital assets. The offset of the singe kweosed 1
retalned earnings and decreased contributed capital of the Enterprise and Internal Service funds by
117,890,873 and 14,228,023 respoctivety.
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CITY OF DENTON, TEXAS
e
!
SUMMARY OF SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1892
I
CommarI Deve/gprneetf Alock Oros (CI • to account for the operations of projects utilizing
Community Development Block Grant Funds, Such revenues are restricted to expenditures for
1 7i specified projecu by the Department of Housing and Urban Development.
Rece"eI • to account for the revenues and expenditures for the recreation progrars which are W.
supporting, AN expenditures will be reimfnxsed 100%. Various budness operations, such as
concessions, fell Into this account.
Crlmiral Judea • to account foe revenue received from the State of Texas Criminal Justice Division and
other grants administrated by the Police Department,
Emig fa w* L/brary • to account for fines, donations, memorials and gifts to the library that are restricted
to the Public LNxany,
Al Other • to account for nASCeltaneous special revenue sourcos which are required to finance specific e ;
activities,
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CIT Y OF DENTON. TEXAS
COMBINING BALANCE SHEET • ALL SPECIAL REVENUE FUNDS
SEPTEMBER 30, 1992
3
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Community
DsnbpmMt Criminal ' l
ASSETS Block Grant Mcrestion it"" t
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Cash and deposits 1 33,873 1168,893 1
Investments 1
Receivables Inst of allowances for unc0110c601es) • p 1
Accrued Interest
Other 20,617 220 67
Due from other funds 3,114 238 21,238
Due from other povvnmerds 160,662 46,213
Total Assert 1206,066 1167,161 161,616 `
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} LIARILITIES AND FUND SALANCE
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Accounts parable and accrued expenses 1166,892 4 27,317 164,717
Out to other funds 21078 1,207 6,361
Deferred revenues 24,116 11,486
Total UsbIlltiw 183,388 40,010 71,168
Fund Isl (Oafidtal:
Reserved for Encumbrances 24,816 9,176
Urveserved _ 110,138) _ 107,986 53,8421
Told Fund Belave (Derides! 14,660 117,141 0,841)
Total uabBWas and Fund tdr+w 1206,086 6167,161 163,616 ,
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Totel$
Emily Fowler AN
Libr4ry Other September 30, 1992 September 30, 1991
$81,029 1626,678 4 877,173 4 922,423
76,000 76,000 29,000
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239 239 116
67 61 20,942 22,520
26,682 63,270 204,466
F 7,463 78,104 282,342 109,920
163,649 1308,664 11,309,966 01,237,444 Fr,
413,662 i 61,987 0 334,626 t 152,666
211 96,595 106,672 43,238
_ 3,133 39,035 24,392
13,863 161,616 460,232 220,196
12,460 18,860 66,313 31,469
42,226 628,009 764,421 1,036,779
54,666 648,869 829,734 1,067,248
186,549 4908,634 01,309,956 01,267,444 r
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COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES • i a ;
ALL SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
t :3
Community
Development Criminal
Block Grant Recreation Juttiee
' REVENUES:
Interpovernonantal 1641,249 1 1 119,x 15
Fees for eanlcee 496,663 ,
Interest revenue 225
Miscellaneous 14,779 32,574
Total Revenuer 666,028 628,452 118,x16 '
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EXPENDITURES Current- Generalgovarnment 663,670
Public safety 116,621
Public works ,
Perks and rew"Ilon 468,230
Cepiul outbty 1,183 627
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ToutEapeadtwss 664,663 488,230 1176,346
EXCESS OF REVENUES OVER (UNDER) '
'XPENDITURES 1,176 80,222 (56,633)
OTHER FINANCING SOURCES IUSESI:
Proceeds of tong-term debt
Operating Transfers In 66,633
Operating Transfers DO
Total Dow Flnrwtng III [Us") 66,633
s_ EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER
USES 1,175 60,222
FUND BALANCES • October 1 13,606 56,919 13,642}
r FUND SALANCES I0e6altel • September 30 1 14,660 11111111411 1 13,6421 '
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CITY OF DENTON, TEXAS
1
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Totals
Year Ended
Emily Fowler A8
Library Other September 30, 1992 September 30, 1991
130,511 1 152,829 4 944,404 4 740,910
49,388 39,121 584,062 607,447
7,099 2,670 9,994 7,01E
_ 16,246 91,987 165,688 187,643
103,244 288,687 1,69026 1,843,218
93,106 68,151 734,929 398,386
10,776 188,698 142,236
147,950 147,960 99,044
29,099 497,329 4001778
139,321 141,031 61,821
93.108 416,296 1,707,836 1,692,286 I
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10,136 1126,7091 1113,709) (49,0491
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9,009
51,682 108,195 210,974
(232,0001 1232,0001 116,0001
1180,3381 1123,8051 204,963
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• 10,138 1309,047) 1237,514) 166,934
44,650 956,918 1,087,249 911,314
154,686 4 648,869 4 629,734 41,067,248
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CITY OF DENTON, TEXAS
P 1
SUMMARY OF CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
AkW tmpnvenrant Grant AmW • to account for FAA Grant in aid for runway extension and airport
development.
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Ga+rarat Pmlwb Funds • to scoount for investing nonrecurring funds in capital plant expansion or
9 Improvements, extraordinary msintenance projects, facility construction or other large nonrecurring
projects, funded by operating revenues.
Stmt Improvamant Fund • to account for repairs and rehabTtatian of city streets funded by grants and
i bond proceeds.;'. a z
WAMms Sawn Frond • to account for paving downtown parking lot to provide parking lot In central
business district funded by bond proceeds.
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Construction PA*M fund • to account for major rehabilitation and construction of facilities funded by
bond funds.
Other • to account for miscellaneous capital avenues end expenditures.
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET - A:1 CAPITAL PROJECTS FUNDS
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SEPTEMBER 30, 1992
Airport Street +
ASSETS Improvement Grant General Projects Improvements Milams Square
Cash and deposits 1 18,000 1 33,421 4 25,964 112,680
Investments 616,158 2,280,343
Receivables (net of allowance
for uncolleMibtes):
Accrued Interest 11,227 28,664
Other receivables
Due from other funds 78,277 12,310
Due from other Bovenvnents 28,734
Total Assets 4123,01 4 659,804 12,346,141 412,660
LIARILIT0 AND FUND
BALANCES
i
LIr.'Au'ales:
A=unts payable and
accrued napenses 1 1 258,506 1 202,818 4
Retalnape peysble 16,600
Due to other funds
Other liabilities 9,351
Deferred revenues 78,636
Total Usimtlas 76,835 274,905 212,167
Fund Balances,
Reserved for eneumbrancee 710,170 223,119 20,201
Reserved for capital
projects {566,994) 81,778 2,112,773 12,680
Total Fund Salome" 44,176 284,898 2,132,974 12,650
Total Ll"des and „
Fund $@Is"" 1123,011 4 659,804 12,345,141 112,680
P
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•82•
GornpreMnsNa Annual Financial Report
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CITY OF DENTON, TEXAS
Totals
Construcpon
Projects Other September 30, 1992 September 30, 1991
4 4 4,140 4 94,075 4 4,670,202
7,235,841 10,031,110 9,061,788
111.638 149,429 116,491
22,149
10 10,802 101,399 68,734
10,803 37,537 1,287
$7,347,289 = $25,745 010,413,660 412,669,661
$ 797,930 621,605 6 1,280,757 ! 4,779,403
39,388 54,666 33,695
660,339 650,339 77,673
9,351 9,351
75,935 1,155
1,486,635 21,605 2,074,148 4,901,377
1 365,758 1,319,248 3,026,396
5,494,896 4,140 7,020,154 4,931,876
6,660,654 4.140 6,339,402 7,968,274
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$7,347,289 125,746 110,413,650 412,859,661
•63•
Comprshsnshre Armal FlnoWl Report 4
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CRY OF DENTON. TEXAS
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COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Airport Street
Improvement Grant General Projects Improvement wl6ams Squats
REVENUES:
Intergovernmental 1110,940 1 • 1 1
Interest revenue 22,377 118,762
Miscellaneous 58,266 74,515
Total Revenues 110,940 80,632 193,297
EXPENDITURES:
Cepitatoudav 123,282 602,356 1,274,130
Total Expenditure 123,262 802,366 1,274,130
EXCESS OF REVENUES
OVER NNDERI
EXPENDITURES 112,3221 1821,7231 11,080,8331
OTHER FINANCNO SOURCE!
(USES):
Proceeds of long-term debt
Operating transfers In 12,322
Operating transfers out
Total Other Finawmg
P wces Nsal 12,322
EXCESS OF REVENUES
AND OTHER SOURCES
OVER (UNDER)
EXPENDITUIES AND
OTHER USES (621,723) 11,0808331
FUND BALANCES • October 1 44,176 806,621 3,113,807 12,690
FUND BALANCES • September 30 4 44,176 1264,898 12,132,974 112,68
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CompreharnMe Annual Financial Report
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CITY OF DENTON, TEXAS
_ Totele
_ Yar Ended
Comtn ction
Projects Other Septent or 30, 1992 September 30, 1991
1 1 10,602 4 121,742 1 328,778
444,894 606,053 708,857
71028 3,638 143,634 876,530
471,922 14,638 871,429 1,715,153
_ 1,832,153 25,704 3,857,604 4,330,419 #
1,632,153 25,704 3,857,604 4,330,419
'
41,360,2311 (11,068) (2,988,178) 42,015.25!1
3,355,000 3,355,000 200,000
80,979 10,803 104,104
191,8011 {91,8011
3,341,118 10,603 3,367,303 200,000
1
1,963,947 {253) 381,126 (2,415,258)
3,878,707 4,403 7,958,274 10,373,630
16,860,654 44,140 16,339,402 17,958,274
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CITY OF DENTON, TEXAS
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CrTY OF DENTON, TEXAB
SUMMARY OF ENTERPRISE FUNDS
YEAR ENDED SEPTEMBER 3f?, 1992
FOR THE FISCAL
VoWy Systarrr - To account for the provision of utility suvkes to the residents of the City. AN activities
1 necessary o provide such savkes are accounted for In this Fund, Including, but not k sited to,
administration, operations, maintenance, fV4r%ckV and reisted debt service.
Sanlbthn • To account for the provision of sanitation services to the residents of the City. AB activities 1
li
i necessary to provide such services are accounted for In this Fund, including, but not Am@ad to,
I administration, operations, maintenance, financing and related debt service.
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • ALL ENTMMSE FUNDS
SEPTEMBER 30, 1992
+
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ASSETS Lhilty System
1 Cash and 6WWts 1
I lovetmema 32,763,797
Reaetvables Inet of 81fow60440 for w"000''W40
E Accounts 4,744,726
f UnWed utgO teroka 4,261,917
Aeen,ed Interest 817,676
Other 1,062,446
Due from other funds 496,336
{ Merchandise irngntory 1,330,996
a PreosW hems 126
t
' Deterred bond tatuarMA Cosu 903,052
Restrkted asats Cash and deposits 3,660,612
Invntmenu 32,346,100
Accrued Interest 438,107
Due from other funds 1,666,307
Advance to other funds 600,000
Flwed eaeft Inet Of accumulated deprecation) 148,460,836
Total Alias 1233,219,632
re~rrrr
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CITY OF DENTON, TEXAS
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Totals
Sanitation Septembei 30, 1892 September 30, 1991
1 36,646 $ 35,848 4
32,753,797 26,816,116
4,744,726 4,442,889
181,014 4,442,831 6,006,341
• 617,675 669,319
128,678 1,181,024 513,279
I
3,667 $00,203 4,199,405
11330,895 1,330,895
125
903,062 879,001 ,
209,076 3,769,887 6,466,947
32,345,100 28,249,816
436,107 373,000
1,666,307 230,340
• 500,000 600,000
934,774 t49,396,612 148,533,174
$1,493,154 1234,712,986 1230,112,322
o • ry
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • ALL ENTERPRISE FUNDS (continued)
SEPTEMBER 30, 1992
LW91LITAS AND FUND IOU" wity System
Liabilities:
Accounts payable and accrued expenses 1 6,174,979
tatainage payable Accumulated unpaid compensated absences 399,466
Meta deposits 1,194,227
Deferred Revenue
Payable from restricted assets
Accounts payable and accrued expenses 924,101
Retslrjge payable 46,789
Due to COW funds 779,916
Accrued Intereat 1,606,936
Revenue and genaat obligation bonds payable, current 3,636,000
Due to other funds 1,381,704
Revenue bonds payable 631170,000
General obligation bonds payable
Advance from Electric
Note Payable 66,677,922
Total Llowdes 124,790,020
FUND EQUITY:
Contributed capital •
From other municipalities on governmental units 14,903,062
In ald of construction 22,110,160
List: Accumulated depracistion 11!,574,9131
Net Contributed capital 17,438,349
Retained earnings Idefcitl
Reserved for capital projects 16,003,047
Reserved for bond retirement 13,103,368
Unvsserved Idaficnl 89,666,060
Total Retained Earnings 90,991,483 t
Total Fund Equity (Dencid 109,429,612 'y
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Total Liabilities and Fund Ep ft 12311
I
. 60.
Coryonharwhe AArAW Firwo l Ape1
CITY OF DENTON, TEXAS
Totals
Sanitation September 30, 1992 September 30, 1991
1 40,819 4 5,216,697 1 6,678,949
9,760
116,292 517,758 504,938
1,194,227 1,113,768
924,101 871,830
• 46,768 432,429
205,167 986,083 1,022,913
1,505,938 1,470,502
123,650 3,658,660 3,505,000
1,381,704 3,682,043
63,170,000 52,205,000
609,571 809,671 933,22$
600,000 6001000 500,000
68,677,922 66,643,008
1,797,299 126,587,319 128,673,449
14, 903,082 14,903, 082
22,110,180 21,882,254
(19,574,913) 117,690,673)
17,438,349 18,874,883
41 18,003,047 17,068,672
209,075 13,312,431 10,697,860
1513,2201 69,371,640 54,797,688
1304,1461 90,687,318 82,564,210
1304,146) 108,126,667 101,438,873
111,493,154 1234,7$2,986 4230,112,322 •
i
•61,
ConpreAenelve Annual Mandal 7:apoA
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i
CITY OF DENTON, TEXAS
r
COMBINING STATEMENT OF REVENUES, EXPENSES AND CgANGES N RFTA:NED EARNINGS -
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Ublity System Sorkation
OPERATING FIEMUEB:
Electric service 163,726,999 1
Water service 11,442,503
Wastewater service 6,440,105
Charges for services 647,426 3,818,270
Sundry 57,482 49,214
Total Oporeting Ravens" 62,214,682 3,867,484
OPERATING EXPENSES:
Purchased power 41,372,092
Fuel 2,942,965 +
Pwchass of water 167,686
Salaries and wages 8,668,181 1,739,666
Materials and supplies 1,034,359 276,774
Maintenance and repairs 4169,844 447,627
Depreciation 6,787,211 242,648
Miscellaneous 4,268,276 717,998
Total Op,eeti" Expenses 01,400,493 3.428,601r
Operatkellncana 14,814,009 440,903
NONOPERAT9IV REVENUES IEXPENSE81:
Interest revenue 4,431,753 1,776
Interest experae and hscat charges 15,883,284) 169,4831
Other (249,994) 113,6091
i
Total Nonepastln9 Reverww IE,rpamal 11,681,525) 181,5161
Wwo Before OpwMkq Transfers 13,132,564 359,457
• OPERATING TRANSFERS 1Ni 92,967
OPERATING TRANSFERS 10UTI 48,767,2451 1368AM
Net Income 6,345,319 93,649 r
C
Add: Depreciation of fixed assets
acquired with contributed capital 1,084,240
Increase in retained earnings 0,029,569 93,540 E _
RETAINED EARNINGS (DEFICITI -October 1 as restated 82,961,004 (3971094)
MANED EARNINGS (DEFIC(T) • 8pwnber 30 110,194.463 1 1304,1461
•81
Comprelm" se Anrwaf Flow" RoW
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'i+ P-
ITY Of DENTON, TEXAS
,
Totals
Year Ended
September 30, 1992 September 30, 1991
$63,725,999 $63,715,444
11,14 2,505 10.810,82 3
8,140,165 5,707,620
4,365,699 3,819,763
106,696 147,823
86,082,066 84,107,273
41,372,092 41,457,675
2,942,966 2,066,268
167,665 88,125
10,407,737 9,881,204
1,313,133 1,19'018
2,607,371 2,946,557
7,029,859 6,464,607
4,985,272 2,140,344
70,628,994 68,223,696
15,255,072 17,883,677
4,433,529 4,103,243
(5,932,7671 (6,627,7691
1263,8031 1214,2251
11,763,0411 (2,738,7511
13,492,031 16,114,828
0 92,957 85,215
(7,118,1301 16,619,899)
6,438,868 8,410,142
1,684,240
8,123,108 8,410,112
• 0
82,584,210 74,164,068
$9'651,318 $82,684,210
Oompr"she Amur Fkmcl l IUport
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CITY OF DENTON. TEXAS
COMBINING STATEMENT OF CASH FLOWS -
ALL ENTERPRISE FUNOS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Utility System Sanitation
Cash flows from operating aedvhlos:
Cash received from customers 1 83,844,817 $4.094.30S
Cash paid to employees fa services 18,668,7441 (1,735,1731
Cash paid to suppliers 156,388,636) 11,857,7841
Net cash provided by lased fool operation 19.597,337 500,348
Cash flows from noncaphal firmwing aeWhla:
Operating Transfers 16,797,246) (265,918)
Net cash provided by (wed for) nonesphsl fkunokp
activities 16,787,2461 1266,9161
Cash flows from espital and related fMwtdng acdvhles:
ContriMAed capital 247,926 11319091
Proceeds from the sale of contractual obligation 41600,000
Proceeds from notes payable 1,162,673
interest paid (6,103,9141 169,463)
Principal paid on contractual obl'petion (3505,0001 (122,1601
AcgU%iiion of fixed assets 17,885,844) 136,4531
Principal paid on notes payable (127,7591
Net charge to deferred cost 124,0511
Proceeds from disposal of fixed assets 19,364)
Net cash provided by (used lo) esphal related actlvlda 111,746,333} 1241,8961
Cash flows from iwastby acdvhlas:
Proceeds from sale of Investment seewities 101,712,676 220,000
i Interest mceved on investments 4,431,753 1,776
Purchase of lavettment secafties (109,746,740) (220,0001
NN cash provided by (used fat) bwastkV awtivhiee 13,601,412) 1,776
Net Increase Idemease) M cash and cash equivalents 12,636,8631 ICBM /
Cash and cash equivalents October 1 6,097,265 250,607 "
Cash and cash agilvalents 8eptambet 30 ( 3,560,612 1 244,918
ICuMlnoed)
4
Compr"ttoa Anmal FM&wW Report
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CITY OF DENTON, TEXAS
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1
Totals f
Year Ended
September 30, 1992 September 30, 1991
4 87,738,922 1 89,680,455
110,394,9171 19,821,8391
157,248,3201 (49,299,537)
20,097,886 30,466,079
{7,053,183) (8,734,884)
17,053,163) (8,734,884)
234,117 419,991
4,600,000
1,182,673 2,007,000
16,173,397) (8,841,9941
13,827,150) (3,627,1501
11,922,297) 1111898,8581
1127.7691 123,1601
124,0511 51,641
19,384}
111,987.220) 119, 7 02, 5601
101,932,675 128,184,126
4,433,529 4,103,243
1109,905,7401 1130, 841,0691
13,699,6381 1,466,300
12,642,3421 5,464,145 I f'
8,347,872 863,727
1 3,805,530 6 8,347,672
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CM OF DENTON, TEXAS
,
COMBINING STATEMENT OF CASH FLOWS •
ALL ENTERPRISE FUNDS IC ,ntinuedl
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
UWity System Sanitation
ReconcWidon of WatpMe Operedng Fwds Income to Not Cash
Provided by (used fol Opwogrq ActlvMes
Operating heome 114,614,089 1440,883
Adjustments:
Depreciation expense 6.717,211 242,841
Deaesso 0ncreasal In receivables 11,692,6071 (37,9811
Decrease (Increase) In due born other funds 3,122,542 284,802
Decrease (Increase) In Inventories
Increase iDecressel 0 accouMS payable 11,118,0311 1202,7181
Lnorass Ibeaaasl in lases payable
Increase (Decrasse) in accumulated unpaid
compensated absences 8,437 3,364
Increase l0ecroasel in due to other funds 12,327,3891 1210,7701
Total adjustments 4,763,241 88,385
Net ooh provided by fueod larl operating actfyWom 119,597,337 060,348
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Comet" &s Annual Wwm" Report
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CITY OF DENTON, TEXAS
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Totele
t Yost Ended
September 30, 1992 SeplarnWr 30, 1991
115,266,072 117,983,677
i
{ 7,029,869 8,464,607
11,730,4681 784,8$6
? 3,387,344 4,894,365
224,039
11,316,7 541 4,420, 645
124,0261
12,821 69,365
12,636,1891 W03214061
4,842,613 12,681,602
120,097,686 130,466,079
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Corwitmelr4 Am al FlnMpdel Repoli 4
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CITY OF DENTON, TEXAS - ` {
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS •
BUDGET AND ACTUAL - ISUDGET BASISI • ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEOTEMBER 30, 1992
Utility System
Variance-
Favorable
Budget Actual IUrrtsvwablel
OPWTING REVENUER:
Electric servke 164,385,000 183,720,999 1 (638,001)
Water service 12,549,000 11,442,508 11,106,4921
Wastewater service 5,833,000 6,440,166 1392,8351
Charges for services 766,000 547,428 (211,672)
Sundry 74,000 57,482 116,6181
Total Opwadn9 Revenue 64,687,000 82,2114,11582 (2,372,4181
OPERATING EXPENSES:
Purchased power 41,581,722 41,372,082 209,630
Fuel 3,378,890 2,942,955 433,925
Purchase of water 1811600 187,666 1610651
Salaries and wages 10,021,061 9,133,496 887,688
Materlols and supplies 1,272,448 1,009,988 262,468
Maintenance and repairs 3,608,606 2,134,264 1,474,364 j
Miscellaneous 5,140,107 4,321,624 1,618,263
Capital outlay 2,866,620 1,653,508 1,312,112
Total Operating Expanses 68,727,974 62,635,691 6,092,263
OpwaW+g Ineome ILess1 16,869,026 19,5781691 3,719,865
I
NONOPERATING REVENUES IEXPENSEB).
Interest roverwe 1,129,000 4,4311,763 3,302,763
Interest expenses and fiscal charges 19,820,2781 16,183,2641 3,966,894
Other 1740,6301 1249,9941 490,646 _
TotalNonopwetkp Reveoves IExpenses ) 19,431,9061 11,681,6251 7,760,363
, Income Before Oparadng Transfers 8,427,118 17,697,356 11,470,248
1
0PERATIN0 TRANSFERB IN
I OPERATING TRANSFERS LOUT) 16,711,2461 (6,787,246) _
Net lneonw Moul 1360,1271 If 1110112 f 11,470,241
RETAINED EMRNI108 -October 1 as restate! 52,275,136 82,961,904 20,686,766
f RETAINED EARNINGS (DERCITI • Raptembw 30
Itudgel Basis) 11,916,009 94,072,026 32,167,016
• ENCUMBRANCES AND CAPITAL OUTLAYS • 0
NET OF DEPRECtAT10N (31060,6621 (31060,5621
J RETAINED EARNINGS IDEFICIT) • Baptambw 30
10AAF Baeh) 1161,634.447 890,191,483 132,157,618
Campahansfve Arwwol FNanaial Rapert
111 .'.1 5 l
CITY OF DENTON. TEXAS_
Total
i
Sanitation
Variance- Variance-
Favor9ble Favorable
Budget Actual IUntavorablee) 8ud9e1 Actual (Unfavorable)
1 1 1 164,365,000 483,726,999 1 1638,001)
12,64:000 11,442,508 (1,106,4911
0,833,000 6,440,165 1392,636)
4,121,000 3,816,270 1302,730) 4,867,000 4,365,098 1521,3021
49,214 49,214 74,000 106,888 32,696
1
4,121,000 3,867,464 063,6161 68,708,000 86,082,006 12,025,9341
41,681,722 41,372,092 209,630
3,376,890 2,942,965 433,026
• 161,600 107,-,66 (810661
1,749,341 1,739,666 0,785 11,770,422 10,873,061 897,371
+11,810 260,181 31,637 1,684,264 1,290,169 294,096
466,666 456,626 10,030 4,075,164 2,690,760 1,484,384
706,846 700,266 6,660 0,640,963 5,022,090 1,624,863
54,434 30,650 23,684 2,920,054 1,664,368 1,336,090
3,268,995 3,207,379 81,610 72,016,969 65,843,070 8,173,899
632,006 660,106 (171,900) 16,591,031 20,238,996 3,547,986
1,776 1,776 1,129,000 4,433,629 3,304,629
1336,000) 169,483) 200,617 110,166,2761 16,932,7671 4,126,611
{13,6091 (13,8091 (740,6301 1203,8031 476,127
1338,0001 161,6161 266,464 10,769,9081 (1,763,0411 8,006,687
494,005 678,689 84,684 0,921,123 11,475,055 11,664,632
92,067 92,967 92,907 92,067
• 1366,8851 1358,6951 17,140,130 17,146,1301
r 228,087 312,071 84,604 (132,040) 11,422,792 11,664,832
1656,9331 1391,094) 168,239 61,719,203 02,664,210 20,846_PJ7
1327,8461 195,0231 242,623 61,667,163 93,961,002 32,399,639
• i i
a 1219,1221 1119,1221 13,299,6611 13,299,0841
1 (646,9661 1 1304,1451 1942,823 161,217,119 110,661,316 132,390,630
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CITY OF DENTON. TEXAS
COMBINING BALANCE SHEET • UTILITY SYSTEM
SEPTEMBER 30, $992
I
ASSETS Electric System
i
Cash and deposits 4 J
lmegmeMS 32,763,797
Rerelvables Inst of anowancea for uncollectiWaO
Aaounto 4,744,725
Unbined Utility Service 3,103,456
Accmd Interest $17,675
Other 904,705
Due from other funds 465,694
Merchandise, inventory 11330,596
Prepaid Hems
Deferred band l suanco costs 444,176
Restricted aeseta
Cash and deposits 1,366,056 `
Investments 11,629,565
Accrued Interest 138,630
Due from other funds 542,199
Advance to other funds 6,6001000
Fred assets Snot of accumulated deracisticnl 39,647,596
Taal Aauts $104,360,911
(Contlnuedl
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Congrel+analve ArMwM RNandal INpoA
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Milill ill ills 1111 1
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51 .
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CITY OF DENTON, TEXAS
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Totals for Utility System
Water and
Wastewater System September 30, 1992 September 30, 1991
,
i
32,763,797 28,818,116
{ 4,744,725 4,442,860
1 1,168,332 4,281,817 4,858,170
817,676 680,319 1
147,736 1,052,446 303,118
29,442 496,336 3,930,737
1,330,895 1,330,896
128 126
459,877 903,062 879,001
2,194,566 3,660,612 8,097,265
20,715,236 32,346,100 28,249,618
297,668 436,101 37,,000
1,014,108 11656,307 230,340
616001000 6,50000
108,812,940 148,460,838 147,382,205
8134,828,821 1230,219,832 0234,060,611
~i
71
Comprebeeabe Annvd ft* WW ha0erl
Liwl 20
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • UTILITY SYSTEM IContinuedl
SEPTEMBER 30, 1992
VA6R1TIE6 AND FUND IOU" Elecuk System
IlebMdse:
Accounts payable and accrued expsm s t 3,741,232
t Retainage payable
j, Accumulated ur"Id compensated obsenees 254,265
Deposits 1,114,227
Payable from reavkted assets •
Accounts payable and accrued expenses 726,114
f Retainage payable
Due to otter (undo 664,046
Accrued Interest 704,651
S Revenue lards payable. current 1,667,160
Due to otMr funds 447,866
Revenve bonds payable 24,621,180
Advance from Electric
Notes payable
Total UabNela 33,650,925
Furl Equity:
Contributed capital •
From other municipalities or govommontat We 13,060
in ale of construction 11286,975
Leas accumulated depreciation 1606,1301
Net contributed capital 674,806
Retained earnings
Reserved for future CIP 3.616,898
t Rea arved for bond retirement 61765,587
Unrsaerved 69,672,595
Tote] Retained Earnings 69,685,061
Total Fund Equity 10,628,956
Total LabNdes and Fund 6puhy (104,3rx ..rs z"
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CalgrehrtNae Anrwsl Finandal RapaA
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CITY OF DENTON, TEXAS
i
Totah for Utilitv System
Water and
Wastewater System September 30, 1992 September 30, 1991
4 1,433,745 9 5,174,978 9 6,093,671
9,750
145,211 399,468 390,019
1,194,227 1,113,766
695,907 924,101 871,830
46,768 46,768 432,429
195,688 779,910 1,022,913
801,067 1,506,938 1,470,602
1,607,640 3,635,000 3,605,000
933,846 1,381,704 3,468,106
26,340,820 53,170,000 52,205,000
6,000,000 6,000,000 6,000,000
f 58,677,922 66,677,922 55,843,008
{ 96,939,095 130,790,020 132,224,104
14,190,022 14,903,082 14,903,002
20,843,205 22,110,180 21,882,254
116,969,78 31 119, 6 74,9131 71890.6731
16,783,144 17,438,349 16,874,663
14,476,148 16,003,041 17,068,672
• 6,337,769 13,103, 356 10,676,775
312,485 59,886,060 55,314,457
21,126,382 90,991,463 82,961,904
37,609,825 108,429,412 101,635,507
9134,826,021 9239,219,632 6134,060,071
.73.
Compabmolve Annual FMundel RoW
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CITY OF OENTON, TEXAS_
COMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS •
UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Water and
Electric System Wastewater System
OPERATING REVENUES:
Electric service 163,726,999 4
Water service 11,442,608
Wastewater service 8,140,166
Charges for services 547,425
Sundry 57,482
TOW Operating Revenues 64,274,427 17,940,165
OPERATING EXPENSES:
Purchased power 40,519,816 852,176
Fuel 2,930,764 12, 201
Purchase of water 167,665
Salaries and wages 1,612,680 4,066,521
Materials and supplies 436,624 597,735
Maintenance and repairs 953,516 1,206,329
Depreciation 3,247,862 3,639,329
Miscellaneous 3,461,167 817,119
Total Operating Expenses 66,152,618 11,247,975
Operating leeam 5,121,909 6,692,180
NONOPERATIIO REVENUES IEXPENSESI:
Interest revenue 3,113,969 1,317,704
Interest expense and fled charges 11,904,1991 (3,050,4661
Other (167, 8201 182,1741
Total NonopwatNg Awerwee (Expemse) - 1,041,370 (2,722,8961
Yuame 'Ida! Operating Transfers 9,163,279 3,969,286
OPERATING TRANSFERS WTI _ 14,032,1631 12,766,06b
Not Income 5,131,116 11214,203 a
Add: Depreciation of fixed assets
acquired With contributed capitaT 61,665 1,822,686
Increase In retained earnings 6,102,571 2,936,881
RETAINED EARNINGS • be peovloudy mWad
October 1 64,672,410 18,269,494
Add: Contributed capital depredation
RETAINED EARNINGS • as reetated October 1 84,672,410 18,289,404
RETAINED EARNINGS • Sepler" 30 160,668,081 821,126,382
•74•
CornprsMndw Aawal FMwtotel NoW
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i
CITY OF DENTON. TEXAS
Totals for Utility SYeterl
Year Ended
September 30, 1992 September 30, 1991
153, 726, 999 133,716,441
11,442,608 10,616,823
6,440,166 5,707,620
547,428 310,850
57,482 _ 118,942_
82,214,582 80,469,479
41,372,092 41,467,676
2,942,968 2,056,266
167,665 88,125
8,886,181 8,266,209
1,034,359 900,266
2,159,844 2,433,406
6,787,211 6,216,8844
4,268,276 1,527,296
67,400,493 82,948,116
14, 614,089 17,621, 363
4,451,163 4,103,243
15,863,2 941 16,649,442)
1249,9941 1196,8781
(1,681,6261 (2,642,871)
13,132,664 14,878,486
:y
• 18,787,246) 16,476,1681
5,348,319 8,403,316
1,684,240
8,029,669 6,403.318
• 62,961,904 66,667,913 0
17,890,673
62,961,904 74,658,566
190,991,483 $82,961.904
.76.
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5
.
CITY OF DENTON, TEXAS
COMBINING SCHEDULE OF CASH FLOWS -
UTILITY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
i
Electric Water end
System Wastewater System
Cash flows from opaterwif activities:
Cash received from customers 1 66,185,978 1 18,478,641
Cash paid to employees for services (4,602,7031 (41055,961)
Cash paid to suppliers 150,833,338) (4,556,198)
Not cash provided by fused for) opar rWe 0,729,676 0,867.462
I
Cash flows from noncephsl finandrq activities:
Translers out 14,032,1631 (2,755,062)
Net cash provided by lusd for) nonea ifed Mancin9
activities 14,032,1831 12,765,0821
i
Cash flows from caphal and related Mowing aetlvWes:
Contributed capital 8A00 241,926
Proceeds from etv sale of contractual obligation 4,500,000 -
Proceeds from Notes Payable 1,162,873
Interest paid !2,072,819) 14,031,2951
Principal paid on contractual obligation 111867,401 (1,687,8401
Acquisition of fixed assets 14,009,2821 13,846,5821
Proceeds from disposal of fixed assets (9,3641
Net change to deferred cost 27,963 162,014)
Advance from Electric
Principal paid on Notes Payable 1127,7591
Not cash provided by lusd fool caphd related setivldes (7,915,0981 (3,830,235)
Cash flows from investing Kilyhies:
Advance to Water and Wastewater
Proceeds from tale of investment securities 84,441,728 17,270,847
• Interest received on Investments 3,113,989 1,317,764
Purchase of Investment securities (87,801,701) 122,144,0391
Net ash provided by lusd tool Investing wthrldes 145,9841 (3,656,4261
Net Increase ideueasel In cash and cash squivalents 12,263,3701 1273,213)
Cash and cash equivolents October 1 2,629,428 2,467,939
Cash ad cash oqulyalento bepternbot 3011111ostrlcted Cashl 1 1,266,066 4 2,164,986
IContinuedl
.76.
Canpealwa0va Annual Fina ial NoW
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CITY OF DENTON, TEXAS
Totals
Year Ended
September 30, 1992 September 30, 1991
1 63,644,617 4 85,936,604
16,658,7441 18, 229,6821
166,368,630 147,744,238)
19,597,331 29,962,594
18,767,2451 16,475,1881
16,767,2451 16,476,1681
247,928 429,991
4,600,000
1,162,673 2,007,000
(6,103,914) (8,746,1201
(3,635,0001 (3,505,0001
(7,855,8441 (11,673,821)
19,364)
124,0611 51,641
6,000,000
(127,7501 123,180)
111, 745, 3331 113,469,4891
18,000,0001
101, 712, 5 7 5 128,194,126
• 4,431,763 4,103,243
1109, 745, 7 401 1130,641,0691 f
(3,601,412) 14,543,7001
12, 636,8631 6,484, 21.7
6,097,265 613,036
1 3,560,612 1 6,091,266 r
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CompreMnelv4 ArvwW rk*ldel RepoA
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CITY OF DENTON, TEXAS
COMBINING SCHEDULE OF CASH FLOWS
UTILITY SYSTEM IConninued)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Electric Water and
S, stem Wastewater System
Raeanellatfat of EMSrprhs Oparadnp Funds Incase to Not Cash
Provided by head fa) Operatlny Aedvldn
Operating Ino me 1 8,121,909 0 5,692,180
Adjustments:
Depreciation expense 3,247,882 3,539,329
Decrease Onuesse) in wceivabies (613,587) (1,178,920)
Decrease pncrnsel In due from other funds 1,405,136 1,717,406
Decrease (Imeassel In Inventories
Increase (Decrease) In accounts payable (620,6941 1496,3421
Increase (Decrenel In deposits
Increase (Decrease) in aocumulaled unpaid
compensated absenus 9,897 (4601
Increase IDecressel in due to other, funds 11,920,666) 1406,731)
Total adjustments 11607,968 3,1;6,202
Net cash provided by fused for) openatkW WOOL* 4. 9,729,676 t. 9,861,462 -
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CITY OF DENTON. TEXAS
,
Totals
r
Year Ended
September 30, 1992 September 30, 1991
614,614,089 117,621,3,3
i
6,787,211 6,218,884
11,692,5071 670,869
3,122,642 4,698,366
224,039
(11116,0361 4,201,622
124,028}
9,437 28,527
12327,399) 13,672,6481
4,783, 248 12,441,221
$19,597,331 $29,91!2,684
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CITY OF DENTON, TEXAS "
i
SUMMARY OF INTERNAL SERVICE FUNDS
1
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Working Capital FwW - 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 -;y the
Warehouse are billed to the other departments at standard labor charges and cost of ,arts plus
12%. Municipal Garage and Machine Shop billings Include labor charges and Doti of Pont plus
25%. Actual costs Include depreciation on the building, improvements, machine, y and squipmem
used to provide the service.
Motor Pool FLvtd - to account for the purchase of City vehicles not budgeted in other funds. These
vehicles are then leased to other City departments. Monthly charges are equal to the vehicle cost
leas salvage value divided by expected Ufa of vehicle.
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CITY OF DENTON. TEXAS -
COMBINING BALANCE SHEET - ALL INTERNAL SERVICE FUNDS
SEPTEMBER 30, 1992
ASSETS Working Capital Motor Pool
Cash and deposits 1 4 1,668,268
Investments 4,046,658
Receivables 2,912 74,408
Due from other funds 457,095 474,472
Restricted assets
Investments
Due from other funds 316,129 125,526
i
Merchandise inventory 1,605,970
Fixed assets (net of accumulated depreciation) 272,441 4,082,828
Total Assets 12,664,547 110,652,160
LWBLHU AND FUND EJUfTY
f
Uab des;
Accounts payable and accrued expenses $1,456,613 1 86,706
Leases payable 37,969 823,333
Accumulated unpaid compensated absences 18,505 4,926 '
7
Due to other funds 375,658 1,109,423
Contractual obligation 316,129 1,667,656
Total Uab8ltfas 2,204,774 3,581,248
Fund Equity:
Contributed capital • 281,391 4,319,401
Less accumulated depreciation 281,391 3,534,274
f Net contribution capital 0 766,127
t
u Retained earrings •
Retained earnings reserved for capital projects 316,129 126,628 ,
Unreserved 133,644 6,180,254
It Total Ratalnod Earnings 449,773 6,306,781
Total Fund Equity 449,773 7,090,914
Total U"O" and Fund Equity 42,k,41,647 110,652,160
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CemOratw»Ne Amual FMw xW RapoA
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CITY OF DENTON. TEXAS
i
Totals
September 30, 1992 September 30, 1991
$ 1,868,266 1 464,992
4,046,668 3,835,259
77,320 98,710
931,667 327,477
400,000
441,657
1,605,970 1,684, 920
4,335,269 3,477,177
4t3,306,707 410,288,636
1 1,622,221 4 1,647,274
861,302 21,829
23,431 21,343
1,485,081 27,121
1,873,985 2,019,668
6,766,020 3,937,195
4,600,792 4,315,037
3,815,665 3,555,130
I
786,127 769,907
• 441,657 400,000
6,313,903 5,191,433
r
81755,660 6,691,433
7,640,687 6,351,340
113,306,707 110,288,636
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Comp"shis Annual fin"sl RspW
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CITY OF DENTON. TEXAS
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS •
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Working Capital Motor Pool
OPERATING REVENUES:
Charges for goods and services 13,800,474 41,129,420
Miscellaneous 20,819
Total OpwatkV RovwKm 3,621,093 1,729,424
,
OPERATING EXPENSES:
Salaries and wages 663,744 63,646
Materiels and supplies 2,443,202 2,698
Maintenance and repairs 44,188
Depreciation 32,467 1,111,965
Miscellaneous 532,644
Taal Operating Expanses 3,816,243 1,178,209
Op N64 WAM 204,850 661,211
F
NONOPERATNO REVENVE9 (EXPENSES):
Gain on disposal 59,828
Interest revenue 298,127
Interest expense and fiscal charges (26,3741 (160,277)
Total NonoparatIng Ravanues iExpeneasl 126,374) 191,675
Inane Before Opaoong Transfan 176,476 746,889
OPERATING TRANSFERS (OUT) (23,772)
Net lncoma 154,704 748,889
Add'. Depreciation of fixed cruets squired
with carrL..buted capital 260,534
Increase in Retained Earrings 154,704 1,009,423
r RETAINED EARNINGS, as prevIously reported
October 1 295,069 6,295,364
Add: Contributed capital depreciation
RETAINED EARNINGS • as restated
October 1 295,069 5,296,364
RETAINED EARNINGS • Soptwrktw 30 4 449,773 16,305,75
I
•84•
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Cowsi onsive Ar%wal Flew" Raporl
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CITY OF DENTON, TEXAS
Totals
Year Ended
September 30, 1992 September 30, 1991
$5,529,894 $5,458,815
20,619 370,828
6,650,513 6,839,E43
627,290 622,778
2,448,900 3,128,386
44,166 52,463
1,144,432 1,317,365
532,644 218,341
4,794,452 6,339,333
756,061 500,310
59,828 71,632
298,127 356,978
(146,661) 1214,7011
171,304 213,907
927,365 714,217
123,7721 174,8601
903,593 639.357 I
260,53!
1,164,127 639,357
• 5,691,433 724,053
4,228,023
s
6,591,433 4,953,076
S ,
$6,765,660 $5,591,133
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ConWohindne Annuet FY+mde1 Repoli -
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CITY OF DENTON, TrYAS
COMBINING STATEMENT OF CASH FLOWS • E
ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Working Capital
Cash flows from operating acdvhlas:
Cash received from customers 1 3,694,300
Cash paid to employees for services 1568,582)
Cash paid to suppliers (2,931,081)
Net cash provided by lused for) operations 98,637
Cash flows from noncapital Rnendng activlttas:
Transfers out (23,7721
Not eah provided by fused forl neneapital RnoWng activities 123,7721
Cash flows from ek*d and reletad financing setlvlt(es:
Contributed capital -
Proceeds from the sale of contractual obligation •
Proceeds from leases payable 23,413
Interest paid 128,3741
Principal paid on contractual obligation (45,161)
Principal paid on capital leases 17,273)
Acquisition of fixed assets (23,6391
,
Proceeds from disposal of fixed assets •
Transfer of debt 361,290
Increase in Due To/From 1355,222)
Not cash provided by (used furl capital related activities 172,6661
Cash flows from Invasting activities:
Proceeds r'om sale of investment securities
Interest received on investments
Purchase of investment securities
Not cash provided by Need fury Investing activities
Net increase in cash and cash equivalents
Cash end cash equivalents October I
Cash and cash equivalents September 30 4
Reconciliation of Internal Swko Operating income to Not Cash Provided by (wed forl
1 Operating Activities
Operating Income Pass) 1 204,850
Adjuslmerita:
• Depreciation expense 32,487
(Increase) decrease N receivables 3,239
Pncressel decrease in due from other funds (230,032)
o (Increase) decrease in Inventories 78,9SO
Increase (decrease} in accounts payable 1333,1 23)
Increase (decrease) In leases payable
O Increase (decrease) M accumulated unpaid compensated absences 12,838) 0 O
Increase (deBeres") In due to other funds 348,537
Total adjustments (108,2131
J Not cash provided by (used for) operating activities 1 96,637
Comprehenslva Annual Financial Report
,I 1 1, l I A -~f
•
,
,
CITY OF DENTON. TEXAS
Totals
Year Ended
Motor Pool September 30, 1992 September 30, 1991
i 1,307,301 $4,901,601 1 6,064,179
(58,6201 (625,202) (622,9041
12,6981 12,933,779) 13,311,5131
1,245,983 4,342,620 1,129,761
(23,7721 174,8601
123,772) (74,9601
285,765 265,755 1,174,562
600,000 600,000 390,000
922,902 948,316
1166,977) 1193,350 1170,654)
1700,522) 1745,583) 1800,332)
199,669) (106,842)
41,9181987) 12,002,525) (11673,6471
69,828 59,828 73,676
(361,2901
1,109,423 754,201
1329,4371 (401,3021 (1,206,1951
6,422,722 6,422,722 8,621,011
298,127 299,127 356,976
16,234,121) (6,234,121) 18,633,785)
486,728 486,728 644,222
1,403,274 1,403,274 392,928
464,992 464,992 72,064
4 1,868,268 1 1,868,266 1 484,992 f
1 4
t 651,214 1 768,061 1 600,310
1,111,965 1,144,432 1,317,385
t
18,160 21,389 147,9881
(460,4921 1690,6241 (727,477) f
• 78,950 (124,272}
20,223 1318,313) t,658,880
(13,369)
• 4,926 2,068 1126} •
346,537 0.333,5421
J 694,772 686,559 629,451
1 t,245,963 11,342,620 41,129,761
•17•
Comprahmsha Amual rNandel Report
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rCITY OF DENTON, TEXAS
i
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS •
BUDGET AND ACTUAL • (BUDGET BASISI • ALL INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30.1992
Wanting Capital Fund
Variance-
Favorable
Budget Actual (Unfavorable)
OPERATING REVENUES:
Charges for goods and services 44,064,443 13,800,474 41283,9691
Sundry 20,000 20,619 619
Total Operating Ravemos 4,084,443 3,821,093 1283,3501
OPERATING EXPENSES:
Salaries and wages 694,643 563,745 30,898
Cost of goods sold 3,198,000 1,254,017 1,943,963
Materials and supplies 23,900 14,672 9,328
Maintenance and repairs 67,545 43,115 24,430
Miscellaneous 298,621 209,109 89,612
Capital outlay 2,127 127 2,000
Told Operating Eaparts" 4,184,836 2,084,886 2,100,161
Operaft Income (Loral 1100,3931 1,736,408 1,836,801
NONOPERATING REVENUES IEXPENSES4
Interest revenue
Interest expense and fiscal charges 1501000) 126,374) 23,626
Other
Told Nonoperatlnp Ravawas (Eapenaa) (50,0001 126,3141 23,826
Income 8afra Oparating Transfrs 1150,393) 1,710,034 1,660,427
OPERATING TRANSFER1 IN (OUT) (23,7721 123,7721
Nat Income 1174,1651 1,688,262 1,860,427
1 RETAINED EARNINGS • October 1 43,669 295,069 251,400
RETAINED EARNINGS (DEFICITI • September 30
(Budgetary Basis) (130,4961 1,981,331 2,111,827
ENCUMBRANCES AND CAPITAL OUTLAYS
NET OF DEPRECIATION (1,53f,658) (1,531,5561
RETAINED EARNINGS IDEFICITI • Seplembar 30
iGAAP Bastsl 111,682,064) 1 449,773 12,111,827
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Comprahanstva Amud Financial Report
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-CITY Of DENTON, TEXAS
Motor Pool Taal
Variance- Variance-
Favorable Favorable
Budget Actual (Uniavorablel Budget Actual (Unfavorable)
I
11,364,266 11,729,420 1 365,154 It 5.426,709 1 6,529,894 a 101,185
_ 51900 15,9001 26,900 20,619 15,2811
1,370,16S 1,729,420 359,254 5,454,609 6,550,513 95,904
58,633 63,645 14,7121 653,476 627,290 26,186
3,198,000 1,254,017 1,040,983
2,699 k1,699) 23,900 17,271 6,629
67,545 43,115 24,430
- 7,412 11,4121 298,621 216,521 82,100
1,025,988 953,836 72,152 1,028,115 953,963 74,152
1,084,921 1,027,492 57,329 6,269,657 3,112,177 2,157,480
265,345 701,928 418,683 184,952 2,438,336 2,253,384
298,127 298,127 298,127 298,127
1505,0001 1160,277) 344,723 5565,0001 (186,6511 366,349
219,665 69,828 1169,827) 219,655 59,826 1169,827)
1285,3451 197,878 483,023 1335,3451 171,304 506,649
899.606 899,606 1160,3931 2,609,540 2,780,033
123,7721 (23,772)
899,608 899,606 (174,1651 2,585,888 2,780,033
5,296,364 606,364 5,340,033 5,591,433 261,400
` 5,298,384 8,195,970 699,606 5,165,668 9,177,301 3,011,433
109,817 109,817 11,421,741) 11,421,7411
05,408,161 18,306,787 1 899,608 13,744.127 16,765,660 13,01t,433
CwW@h&ulva Annual F)nanclal RaW
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CITY OF DENTON, TEXAS
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CITY OF DENTON, TEXAS
E
SUMMARY OF TRUST AND AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
s
EXMNDA&E "W$r FUND
I
Employ" I m~co • to account for accumulation of resources for the payment of employee Insurance
claims and insurance poficius.
AGENCY FUNDS
PayW - to account for the collection and payment of tM City's payroll and associated liabilities. '
0#4"W Caroonsedar • to account for the City employees' investment In a deferred compensation plan.
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- Compel sokoNe Aww/ Ftosnoisl fingsA
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CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • ALL TRUST AND AGENCY FUNDS
SEPTEMBER 30, 1992
i
i
Experdablo Tent
ABBEfB Fund I
Cash and deposU 1 291,814
kwestments 8,985,802
Rroaivablea:
Aocrued Interest 94,387
Other 127.328
Due from other furls 8,208
:p.
Total Assets u.r 48.80
LIAIILITIEB AND FUND BALANCe
AeMints payable 11,343,488
Claims payable 878,282
Due 10 other funds 72
Total Liabilities 2,218,809
Fund balance 4,288,808
Total LtsbONlea ale Fund BalanOe 481a:a•+
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CITY OF DENTON, TEXAS t
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Agency Funds September 30, 1992 Septambn 30, 1991
42,269,406 12,561,222 K238.00
6,986,802 3,640,003
• 94,387 41,739
4,136 131,482 2?8,082
16,946 34,163 1,212,481
42,299.489 18,806,806 16,336,7 t
i 4
12,299,202 13,842,867 42,123,666
676,282 702,707
287 369 92,346
2,299,489 4,618,299 2,918,720
4,269,508 _ 3,419,995
12,299,499 48,006,808 $8,336,716
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STATEMENT OF CKANGES IN ASSETS AND LIABILITIES • ALL AGENCY FUNDS
FOR THE FISCAL YrAA ENDED SEPTET M 30, 1992
Balance
October 1, 1991
PAV*ML FGV0 !t
ASSETS
Cash and deposits 4 42,002
Other receivables 96.766
Due from otters funds 1,169,336
Tod Assets 1109`3
LIAS6ITIES
Accounts payable 41,217,760
Due to other funds 92,313
Tod Uabbltiaa 11,310,003
{
i
DEFEAND COMPMSAT10N FUIVO
r 4
ASMS
Cash and deposits 4~ 679140 r
Taus Assets 3 679,040
U 161UTIES
Accounts payable • due to participants 4 679,040
Total Usblbtlss 1 610,0440
TOTAL AGENCY FUND$
ASSETS
Cash and deposits 1 921,042
Other receivables 96,766
Due from other funds 1,189,336
Total Assets 62,1111119,03
LIAKITIES
Accounts payable 12,096,820
Due to other lunds 92,313
Total UaW16" 62133
f
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CITY OF DENTON, TEXAS
r
Balance
Additions Deductions September 30, 1992
$50,289,845 $49,217,362 $1,114,496
279,199 373,619 4,136
3,630,742 4,674,132 25,945
464,099,786 464,266,303 11,144,876
118,436,665 $18,612,166 11,144,289
296,303 586,329 287
119,734,968 $18,900,486 11,144,678
1 266,369 4 10,496 $1,164,913
$ 286,369 4 10,495 11,154,913
$ 286,369 1 10,496 $1,154,913
1 286,369 4 10,496 11,164,913
not
$50,578,214 149,227,848 $2,269,408
279,199 373,819 4,136
3,630,742 4,674,132 25,945
154,386,165 164,275,799 $2,299,489
118,726,034 $18,522,662 12,299,202
296,303 388,329 287
$19,021,337 $18,910,981 $2,299,489
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CITY OF DENTON, TEXAS
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GENERAL FUND SUPPLEMENTAL INFORMATION
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
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CITY OF DENTON, TEXAS
GENEFIAL FUND • SCHEDULE OF EXPENDITURES •
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
i
Variance-
Favorable
Budget Aetwt Nniworabk)
GENERAL GOVERNMENT:
Administre6on 100001
Personal Services 1 398,457 4 398,523 t 1,934
Supplies 15,960 15,795 236
Maintenance 1,800 1,868 168)
Services 68,546 88,678 (133) {
Sundry 12,102 10,693 1,209
Fixed Assets 6,374 6,373 1
503,228 500,040 3,188
Building Operations 0
Personal Services 226,868 232,618 151960)
Supplies 28,740 25,203 3,537
Maintenance 129,700 113,737 15,963 1
Services 696,810 592,655 5,945
Fixed Assets 190,180 146,856 44,525
1,173,898 11109,878 84,020
Word Processing (00611
Personal Services 170,554 t89,733 621
i
Supplies 12,293 10,434 1,866
Maintenance 13,537 8,049 5,488
Services 48,223 48,078 117
Fixed Assets 1,600 685 736
246,207 237,167 91060
Human Resowces t000B)
Personal Services 387,515 394,136 18162111
'r Suppfes 35,190 34,973 217 '
Maintenance 3,200 3,156 44 r
Services 73,461 72,004 1,458
Sundry 8,131 8.131 ±}g
Fixed Assets 2,997 2,648 149
510,496 $15,246 14,7631 Cemprehanelve AwAW FM&vW Rapp) - R
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CITY OF DENTON, TEXAS
GENERAL FUND - SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 4992
Variance-
Favorable
Budget Actual (Unfayorablel
Information Services 100801
Personal Services 1 470,694 1 472,712 P 12,1181
Supplies 37,051 36,661 390
Maintenance 97,692 44,216 53,416
Services 294,760 222,693 71,377
Sundry 10 9 1
Fixed Assets 10,100 10,045 65
1 .
910,207 786,586 123,621
Legal Administration 100041
Personal Services 349,911 343,028 6,993
Supplies 10,650 10,639 211 j
Maintervnce 1,095 846 241
Services 33,285 31,239 2,047
Sundry 1,921 1,920 1
Fixed Assets 14,818 14,082 786
411,900 401,765 10,145
Municipal Court Judge (00051
Personal Services 101,919 103,932 (3131
Supplies 1,600 11399 401
Maintenance 400 395 15
Services 6,690 5,84B 1288)
111,399 111,654 (1661
Municipal Services 9=91
Personal Services 151,167 169,130 11,563)
Supplies 6,234 4,830 404
Maintenance 376 375 1
Services 13,019 11,354 1,724
Sundry _ 392 385 13)
175,237 176,074 163
Library Administraton 100701
Personal Services 136,287 139,816 12,5291 •
Supplies 1•,600 16,235 266
Maintenance 1,650 1,524 124
Services 66,627 61,396 5,129
212,964 209,973 2,091
!9
ContpraMnaive Antwd Anutalsl Report
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CITY OF DENTON, TEXAS _
GENERAL FUND • SCHEDULE OF EXPENDITURES -
BUDGET AND ACTUALICONTMVUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30. 1992
VuisnCe-
Favorable
Budget Actual (1Ntifavorablel
Library Support Services 10072)
Personal Servkss 4 316,167 1 307,669 1 8,688
Maintenance 1,638 1,547 91
Services 3,817 3,728 89
321,812 312,844 8,168
Library Adult Services 10073)
Personal Services 239,690 244,751 15,1611
Supplies 6.000 61986 14
Maintenance 833 833
Services 32,260 23,137 I887)
j
Fixed Assets 63,000 61,386 1,612
331,673 338,095 14,4227
LiWery CNldran Services (00741
Personal Senkes 154,991 152,231 2,754 "
Supples 1,200 1,138 62
Services 660 686 ite)
Fixed Assets 28,400 28,386 16
186,241 182,426 2,816
Finance Administration (00201
Personal Services 227,832 224,941 2,891
Supplies 3,514 2,464 1,060
Maintenance 160 146 5
Services _ 26,937 20,808 6,129
267,433 245,348 9,086
Purchasing 100211
,
Personal Services 192,897 196,242 13,6461
Supplies 8,782 7,716 1,064
Maintenance 1,600, 301 1,299
Services 20,162 17,688 2,474 1
• Sundry 600 1500)
Fred Assets 1,684 1,684
224,905 224,113 792 y
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL ICONTINUEOI
FOR THE FISCAL YEAR Ii SEPTEMBER 30, 1992
i
V~lance-
Favorsble
Budget Actual (Unfavorable)
Customer Service (00221
Personal Services 4 666,846 1 827,469 1 39,377
Supplies 138,106 133,679 5,429
Maintenance 6,203 1,646 4,557
Services 102,414 66,707 45,707
i Fixed Assets 22,663 9,801 12,752 I
937,124 829,302 107,822 It
e
CaaMrring (40231 ~ s ^
Personal SON less 212,817 209,698 3,019
Supplies 3,60' 3,524 75~
Maintenance 280 260 .
Services 8,090 8,169 169}
224,567 221,281 3,285 t
r
Accounting 100241
Personal Services 429,936 429,849 67
Supplies 16,550 18,616 (28)
Maintenance 979 079
Services 14,231 13,843 388
461,896 481,249 447
Tax 100251
Personal Services 56,804 64,706 2,009
Supplies 10,053 10,090 1371
Maintenance 80 72 8
Services 1,676 1,639 137
Fixed Assets 860 846 6
89,463 87,341 2,122 }
Municipal Court Clerks (00261
Personal Services 221,606 224,413 12,8171
Supplies 26,172 26,666 506
Maintenance 1,060 1,060 t,
Services 12,221 12,204 17
Fixed Attests 1,000 1,000
212,640 264,343 12,2941
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....,.°-CITY OF DENTO
N, TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES • i '
BUDGET AND ACTUAL tCONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Varianee•
Favorable ,
Budget Actual (Unfavotsbiel
Finance Adm nistration Misc. (020M)
Sem,e! 4 24,645 6 26,111 1 11,4731
Sundry 830,748 125,15E 4,002
055,393 651,974 3,419
Accounting Misc, (024M)
Personal Services 100,000 98,238 1,764
Services 170,593 110,679 63,711
Insurance 566,209 656,209 r
Adminletrsliv4 Transfer 112,216 112,218
Sundry 168,042 201,023 132,9831
1008,062 1,063,567 22,495
Inspection 0014)
Personal Services 307,781 311,273 13,5121
Supplies 11,680 10,495 1,185
Maintenance 6,470 6,875 B95
Services 11,917 9,877 2,360
Sundry 230 21 209
330,098 337,241 187
Planning and Development (00151
Personal Services 311,694 380,560 (6761
Supplies 21,120 20,820 300
Maintenanw 360 267 13
Services 19,156 18,075 1,083
Administrative Transfer 1,748 1,746
Sundry 4,865 4,769 76
436,135 435,288 687
l
Planning end Development Misc. 1016M) r
Adminiistisive Transfer 9,998 9,996
Sundry 161,404 150,506 11,099 a
171,600 160,601 11,099 ,
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CITY Of DENTON. TEXAS
r
GENERAL FUND • SCHEDULE OF EXPENDITURES •
BUDGET AND ACTUAL ICONTINUEDI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992 i
Variance-
Favorable {
Budget Actual (Unfavorable) j
Main Street Program ;001 BI
Personal Services 1 42,166 1 43,121 1 19661
Supplies 1,850 1,279 Fill
Services 12,710 10,760 11660
58,728 55,160 1,666
Total 0 We/ dovem"N 610,196,112 6 9,919.127 1 178,906
M)KV WOWS: "Y"
Engineering 10010)
Personal Services 1 868,823 1 866,107 1 (7,2841
Supplies 29,086 25,235 3,861
Malnwanca 11,960 14,336 (1115881 4
Services 9aABe 19,976 8,910
Adminietrativo Transfer 3,077 3,077
Fixed Assets 8,796 8,795
941,617 937,526 4,091
Transportation Engineering 10012)
Personal Services 245,518 249,615 14,0981
Supplies 12,411 10,460 1,961
Maintenance 109,082 91,1592 11,490
Services 28,199 20,837 7,362
Administrative Transfer 6,272 6,272
400,463 377,776 22,707
Community Improvement 10013) d,
Personal Services 171,816 170,927 969
Supplies L,600 4,447 1,153 r:
Maintenance 1,650 1,428 225
Services 30,695 10,190 20,70B
Fixed Assets 1,230 11230
211,291 188,119 23,012 s
•foa•
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I CITY OF DENTON. TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES p
BUDGET AND ACTUAL ICONTINUED) j
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992 I ,
Variance.
Favorable
Budget Actual (Unfavonfie)
,
Airport 100191
Personal Services 1 64,549 1 6604 1 1661 '
Supplies 31005 2,925 81 r
Maintenance 31696 3,351 184
BeMM 15,080 12,829 :,261
AdmlNstradve Trsr+sfer 12,303 12,303
Sundry 18,291 71,058 231
Fixed Assets 1,644 1,567 a7
178,534 178,546 1,989
,
Street PalcNnp 100311
Personal Services 338,053 382,711 (25,5661
Supplies 38.616 35,761 1,835
Maintenance 402,802 382,410 20,192
Services 44,416 33,666 10,869
621,568 646,456 5,228
street Sweepin9JDrainape 108101
Personal Services 223,277 227,809 14,6321
Supplies 24,831 21,545 3,292
Maintenance 69,932 66,060 3,862
Services 51,117 46,482 116
376,243 371,88e 3,357
•
Street Construction 100331
Personal services 355,359 312,312 43,067
Supplies 18,182 23,112 (4,9301
t Maintenance 259,646 266,211 3,217
Services 90,132 67,977 2,166
Sundry 15,980 115,1801
i Fixed Assets 17,000 17,000 y "
740,231 695,662 44,619
r
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CITY OF DE11i TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES - ` r 1
BUDGET AND ACTUAL (CONTINUEDI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
1
VaAanca , ,
Favorable
Budget Actual (Unfavornblel
Street Llghtirp 10034)
Services 4 400,000 1 399,567 4 413
400,000 399,587 413
i
Environmental Health Services (0038}
3 Personal services 127,622 119,173 8,449
t Supplies 6,240 6,049 191
Services 7,073 31989 3,084
Fixed Assets 2,000 1,307 613
t
4 141,935 129,698 12,337
r'
Animat Control (00391
Persaial Services 162,740 187,978 15,238)
P SuW111 21,567 16,164 6,363
Maintenance 8,098 7,184 914
Servim 33,622 23,779 10,043
sundry 3.938 13,9381
Fixed Asseu 4,908 4,908
251,135 239,081 12,074
Total Ahk Works 1 4,482,168 1 4,331,308 1 130*7
/ARKS A AFCAFATION:
Parke 6 Recreation AdmiNstrstion 100501 3
Personal Services 1 189,099 6 191,283 1 13,1681
Supplies 36,150 35,332 818
Maintenance 500 343 467
Services 46,375 45,307 Be
Sundry 600 498 2
270,920 272,743 11,623)
e a
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CI', Y OF DENTON, TEXAS `
GENERAL FUND • SCHEDULE OF E%PENDMJRES
BUDGET AND ACTUAL ICONTINUEDI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1992
Variance- t
Favorable
Budget Actual (Unfavorable)
%
Recreation ;00821
Personal Services 1 726,179 1 721,677 1 3,602
Supplies 71,269 65,224 6,045
Maintenance 14,560 14,838 (2881
Services 196,213 1861066 30,167
j Sundry 2,966 2,136 830
Fixed Assets 14,636 14,636
} 1,024,713 970,831 63,682
Park Maintenance 100631
Personal Services 796,264 787,868 8,306
Supplies 611,660 83,103 3,747
Maintenance 114,222 107,390 8,832
Services 104,936 98,275 81680
Sundry 160 3,162 13,032)
Fixed Assets 22,600 1,644 20,666
1,104,921 1,061,662 43,309
TofaJhnb B lAsuoafbn i 2,400,664 1 9,306,126 1 ' 96,428
hattc SAFETY.
Polka (00401
Personal Services 1 5,124,452 4 5,164,405 1 15919631
Supplies 213,294 168,078 161216
Maintenance 148,581 136,968 7,603
Services 470,060 449,912 20,188
Administrative Transfer 41,0113 66,533 (16,4701
• Sundry 1,450 2,090 16401
3 Fixed Assets 6,600 6,073 16131
;l 6,002,400 8,036,040 133,649x_ l
Ax,
.1 p8
OwWahaneks Annul Fita►old Raped
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CITY OF OENTON, TEXAS- ;
GENERAL FUND • SCHEDULE OF EXPENDITURES • r
BUDGET AND ACTUAL CONTINUED
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1082
i S
Variance- t
Favorable
Budget Actual (Unfevc"ebW
Fire Administration 100501
Personal Smokes 1 387,507 4 387,929 9 (422)
Supplies 24,866 24,609 57
Maintenance 21,817 211053 764
Services 100,486 100,463 3
Sundry 220 107 113
Fixed Assets 81033 5,344 669
540,709 539,505 1,204
,
a
Firs Operations 100611
Personal Services 31365,266 3,344,794 10,472
SUPP46 981067 66,878 31,180 L
Maintenance 46,000 64,912 116,9121 ;
5 Services 180,038 160,733 12,203
Fixed Assets 3,632 3,632
3,688,601 3,048,041 36,952
I
Fke Prevention 10052)
Personal Servloas 166,802 168,822 11201
Supplies 2,700 3,744 1441
Melntenance 3,300 3,296 4
Senkea 12,047 12,671 76
178,449 178,533 184)
Emergency Medical Servlcaa (00531
Personal Services 692,681 722,211 129,6301
Buggies 74,200 67,748 6,462
Maintenance 28,410 22,230 8,160
Services 144,609 126,483 18,026
•
Fixed Assets 17,687 16,032 766
057,287 956,604 1,763
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHELW.ILE OF EXPENDITURES
BUDGET AND ACTUAL [CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1162
Variance` I
Favaebie
Budget Actual IWrlavaeEle)
Emergency Management 10OS4)
Personal Services 1 21,194 1 21,164 1
Suppose 2,166 2,440 19
Melntensme 1,011 141 65 i
Semites 9,134 10, t e9 11,03151
33,"01 34,749 19411
Total Nr vMety llil. 5,147 /11.393,159 1 ,d,20
1
i
t GRAND TOTAL OMIRAL FUND 125,667,469 127,941,960 1 601,611
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CITY OF DENTON, TEXAS
GENERAL GOVLFINMENT EXPENDM901186
'
BY FUNCTION (1)
LAST TEN FISCAL YEARS c
5 ,
Fiscal General Public Public
Year Government Safety Wake
1983 1 0 7001 $5,020,460 02,180,979
1984 4,073,090 6,531,682 2,785,021
1085 6,191,960 6,363,330 3,071,409
1906 6,601,053 7066,360 3,1!;v,3b0
1987 7,496,630 7,142,987 3,630,471 p',, ;'e !
1983 6,466,436 0,3101904 4,040,469' "
1889 10,842,100 9,160,314 4,367,297
1990 10,470,382 10,194,e1e 4,239,467
1901 9,x61,660 10,082,769 4,611,406
1092 10,676,476 11,407,199 4,516,066
V„I
01 Inctudes General, SwIst Revenue, and Dept Service funds {
121 Difference due to advance re1un01np of General Oblipatlaq bonds end Unif atse of Obtipatlon In November, 19964
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CITY OF DENTON, TEXAS
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Parke and Debt
Raereetbn Other C801to Outlay 8ervk:e Total
11,161,716 1 611,377 31,748,661 314,689,991
1,498,228 386,763 21392,868 17,267,461
1,719,742 1,018,119 2,419,628 20,782,077 1
2,110,862 1,044,401 167,14612} 20,661,061
2,262,216 390,369 3,883,923 26,178,486
2,306,063 448,893 4,164,783 27,747,157
4 2,397,948 403,633 6,606,631 32,689,813
W.~ 1
2,646,692 674,721 4,686,442 32,890,610
2,643,081 234,782 4,819,773 33,166,446
2,814,673 486,660 4.416,269 34,309,623
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-CITY OF DENTC,R, TEWIS
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GENERAL REVENUES BY SOURCE 11)
LAST TEN FISCAL YEARS
llcenaee Utility Nter-
Fiscai and FrancNae Goverrvnental
Via, Taxes PWMM Fees
1983 18,819,953 1213,490 1307,937 11,038,903
1984 10,405,911 303,725 411,480 626,575
1986 11,845,499 366,661 484,171 1,270,019
1986 13,638.013 379,238 377,980 1,791,436
1981 15,865,362 280,171 426,319 1,123,194
1988 17,394,835 111,919 660,179 1,179,092
1969 18,574,210 222,766 695,142 1,661,446
1990 18,196,832 261,080 671,166 1,460,669
1991 19,766,479 243,070 614,940 1,244,634
1992 19,790,132 293,611 750,467 1,371,442
01 Includes General, Special Revenue and Debt Sarvlca Funds
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CRY OF DENTO% TEXAS =
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Fees for Floe end Interest M,scensr"us
Sarvkes FoReltwee Rev~ Reve" Total
8 246,806 1 561,114 4110,169 1 469,270 111,624,764
494,212 618,828 192,198 642,452 13,900,577
1,168,673 716,044 330,028 272,088 15,442,161
i,
x 1,060,070 869,194 245,666 636,803 19,178,266
1,128,784 780,748 347,415 918,666 20,870,829
1,312,052 1,144,411 600,178 1,006,108 23,500,666
1,298,200 1,232,788 808,260 2,073,450 :8,486,266
1,297,881 1,257,661 146,200 1,405,608 26,105,107
1,287,636 906,632 643,722 996,253 25,772,406
1,405,107 1,037,717 668,162 771,636 26,008,574
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CITY OF DENTON, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
!i
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i
Fiscal Total Curd Tax Foment of Larry Wnqwvt tax
Year Tax Levy collecda s Cotlectia" Collections
1983 15,378,210 16,122,101 95.27% 1148,747
1984 6,995,866111 5,786,881 98.51 188,783
1985 5,908,814111 6,625,734 97.31 107,380
1988 8,518,908111 8,164,114 95.66 228,506 1,I
1987 10.00 1 1300 111 10,474,6111 96.97 303,649
1988 12,192,485111 11,141,034 96.30 313,379
1989 12,646,348111 12,281,1114 97.11 a41,861
1990 13,167,416111 12,719,235 96.60 339,907
1991 13,718,332111 13,343,006 97.26 203,891
1992 13,498,815111 13,188,355 97.71 301,964
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Coo-*t*&v&@ A&NW FVAWd Report ;
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CITY OF DENTON, TEXAS' '
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01ReUndinp
Total Collections as Wngw4 Texas
Total Tax a ParaM of OutaW4" n a hrcent of
1 Collection Currant Levy De6rpuerK Taxes Wrant Levy
i 5,210,648 98.04% 41,065,234 19.911:
6,963,644 99.29 1,269,189 21.17
6,793,094 99.77 11359,677 19.97 }
8,392,920 96.64 1,019,080 11.97
10,176,166 99.79 1,042,749 9.66
12,064,400 96,81 1,054,131 8.73
12,723,015 100.61 1,133,897 8.07
13,066,143 99.15 1,276,664 9.00
13,646,892 96.75 1,610,663 11.74
13,490,340 69.05 838,015 6.21
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ASSESSED AND ESTIMATED ACTUAL VALUE OF
TAXABLE PROPERTY i
IAST TEN FISCAL YEARS
Iael property Per" PropaAy
Fiscal Amassed Estimated Actual Assessed Estimated Actual
Year Vdue Valw Value V8I1A
1993 1631,367,479 1831,397,479 4218,549,070 1218,549,070
1934 901,334,606 901,334,606 228,262,046 226,251,045
I.
1966 019,943,821 919,943,614 234,092,434 234,091,434 '
lose 1,170,422,607 1,176,421,657 267,120,891 287,120,091
1987 1,621,630,234 1,521,636,234 298,627,706 261,!27,706
loss 1,758,660,855 1,7681660,655 291,433,722 201,133,722
1909 1,633,449,780 1,833,149,768 aa,911,159 304,911,169
1990 1,776,611,696 1,770,614,606 362,306,688 382,366,606
1991 1,738,496,196 1,736,496,295 300,106,990 300,106,990
1992 1,801,1160,603 1,661,160,863 280,143,617 200,143,627
Information provided by the Denton Cantu' %Weisel District.
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Z Total
!
f Ratio of Total
Estimated Actual Assessed to Total
Assessed Value Value Estimated Actwl
I 11,049,946,649 11,049,848,649 100%
1,127,686,661 1,127,586, 661 100%
1,164,038,268 1,154,036,268 100%
1,443,643,458 1,443,643,468 100%
1,620,463,940 1,820,463,940 100%
2,050,294,577 2,060,294,877 100%
2,135,360,946 2,138,380,946 100%
2,139,001,661 2,139,001,561 100%
2,035,803,285 2,036,603,286 100%
1,951,304,490 1,951,304,490 100%
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PROPERTY TAX RATES AND TAX LEVIES
DIRECT AND OVERLAP14NO GOVERNMENTS
LAST TEN FISCAL YEARS
TAX MTU (Pr 1100 N Aaaaaaad VOMrtlm)
Fiscal School
Yew City _ Dimicl County state Total
1083 0.6100 0,770 3846 .00 1.4066
1084 0.114m 0.110 .1120 ,00 1.6820
1966 0.6000 0.110 .1116 .00 1.6816
1064 0.1900 0.660 .1760 .00 1.4160
1017 0.6000 0.700 .2304 .00 1.6109
less 0,6021 0.770 .2264 .00 1.6612
it
1989 0.6121 0.830 .2269 .00 1.6417
1090 04163 1.088 .2410 .00 1.1243
1991 0.6661 1.228 •2641 .00 2,1475
1992 0.6861 1.310 .2644 ,00 1.3404
TAX I.MEO
Fiscal school
Year Cky District County Into TOW
toss 16,376,2$0 11,147,166 19412,748 1 123,234,110
1004 6,196,166 9,13s,766 9,080,1e1 21,012,001
lost 0.101.814 11,133,437 10,2001064 21,661,31s
e
lose !,616,006 14.290,010 11,164,643 23,971,620
• 1967 t0,s01,3oe 14,61!,226 10,414,002 40,874,633
lose 12,102,416 t1, 164,707 21,417,470 61,974,762 '
t 1910 12,648,346 20,409,891 12,646,164 66,100,803
t
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1010 43,111,416 16,901,760 24,114,114 63,161,661
• loll 13,711,332 28,076,676 27,111,040 69,701,216 .
$002 13,496,111 21,177,611 27.110,966 71,216,416
SOURCE: Damian Central Appealed District
• 115 • I
Cor pnMnsho Amwl Meet" NoW
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CITY OF DENTON. TEXAS
Teibla 0 '
SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
P '
Total
Dsrrpwnt OutehrAno
Current Current Ratio 01 Assessments Cwrem and
Fiscal Assessmem Assessments Collections to Collections Dearpuam
t Year Due Conected Amount Due Acjustments Assessmwts
1 ,
is 1983 4 • a 6 600 1137,399
t
S 1964 618,992 307,006 66.60A 6,137 376,249
1986 98,020 278,229
1966 279,229
1987 279,229
1986 80,711 186,618
1989 1,766 168,763
1990 97,038 88,717
1991 48,246 41,471
1992 1,370 40,101
S%,
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Comprehwalva Annual Ft &wW RaW
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CITY OF DENTON, TEXAS
%
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RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE AND NET BONDED DEST PER CAPITA
LAST TEN FISCAL YEARS
f!
fucd M""W Value Oro"
ti
Year ftuutlon On ftusendal Bonded Debt 111
1983 53,363 11,049,947 116,817,600
1984 57,703 1,127,587 15,562,750
' 1885 61,237 1,154,036 22,480,000
1986 64,480 1,443,543 22,065,869 t
1 1967 66,191 1,820,464 26,396,060
i
1996 85,623 2,050,296 28,784,769
1969 56,011 2,138,361 30,770,309
1990 66,2700 2,139,002 30,933,606
1991 86,470 2,036,903 28031,359 st' ,
1992 69,900 1,951,304 28,773,609
(11 Exclude gawal oblgatW bonds pledged by "MaWn rd+MU"
1990 Cu»us
D ~ i 61, 1
•120.
C4ngnAMUW4 Annual lhwwW AaW
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CITY OF DENTON, TEXAS
G
Table 7
Ratio of Net
Lose Debt Service Bonded Debt to Net Bonded Debt
Funds Net Bonded Debt Assessed Value Per Capita
} 1 34,049 116,763,451 1.60 1314
91,255 15,451,466 1.37 268
806,641 21,974,459 1.90 367
1,247,326 20,916,533 1.44 323
1,695,3 24,670,720 1.36 378
S
r 1,912,928 26,651,831 1.31 409
4,132,060 29,639,248 1,39 449 t
722,478 30,211,033 1.41 456
309,626 27,821,633 11.37 419
344,336 28,429,174 1.46 426
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CITY OF DENTON, TEXAS F ,
Tabu B f
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 1892
Net Assessed Value
11,961,304,490
Plus Exempt Property Total 62,840,163 d
Totat Assessed Value 42,034,244,613
Debt UMN • No debt limit Is mandated by low
but the City does racogMa six parent as
I, an economic limitation 1 422,061,680
Amount of debt applicable to debt %mit• ,
Totst general obligaton bonded debt 124,826,730
Lees gensfsl obligation bonds pledged by
sanits0on revenues 1933,2211
CerDficates of obligation 4,780,000 26,773,609
Less • Amount in debt service fund evagabte
for payment of princlpal 344,336
7otel Amount of Debt Applicable to Debt Un t 28,429,114
Legal Debt Margin 1 93,626,606
•122•
ConprahaneMa Amaral FkwmW NW
• Ta f
i ~ ~ ~f ~ .A, ~~r•m '1~ ~ $r n 1.i~ ri ~ ~y Pa ,i~ 1 z. ~ r y
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CITY OF DENTON. TEXAS ;
s~
Tabs 9 l
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
SEPTEMBER 30, 1992
I
Peraent"t Amount
Net Debt Applicable to the Applicable to
Jurisdiction Outstanding City of Denton (1) City of Denton
s el
City of Denton 129,108,730 100.0% 129,700,730
y
x
r Denton Wapendent School District 46,960,000 84.0 38,698,000
i
Denton County 30,729,630 2114 6,676,206
1, JJ
~ a
Total 474,880,936 l
s
I
III The 'Percentage Applicable to the City of Denton* is based on the relative asserted values witNn the City of
Denton.
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CITY OF DENTON, TEXAS
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Table 10
RATIO OF ANNUAL DEFT SERVICE EXPENDITURES FOR
GENERAL SONOED DEBT TO TOTAL GENERAL EXPENDITURES (11
LAST TEN FISCAL YEARS
Iletb of Debt j
$mice
Flecal IN~ and Told Eapendkww
Yost Drinelpal fiscal Charges Total Debt Service EapmdhwN tpercent)
'
1113 01,047,110 0 601,111 01,746,691 114,011,962 11.73%
1914 1,264,760 1,126,101 2412,961 17,307,461 13.11
1916 1,417,611 1,002,143 2,411,621 20,762,077 11.64
r
Me 136,431 21,701 167,146121 20,461,061 0.74
1117 1801000 2,103,933 310431113 21,171,411 14.66
IIe1 3,140,773 2,024,010 4,164,763 21,747,267 11.01
1119 3,314,187 2,114,464 6,606,631 121066,613 11.16
logo 2,203,092 2,323,160 4,606,442 32,010,110 14.03
1001 2,714,861 2,106,106 4,619,713 33,166,466 14.13
1902 2,667,167 1184002 4,416,266 $4,300,129 1L17
i
(1) Indudat General, Special Revenue and Debt Ixvke
t21 Debt Iarvlea variance due to 1111 tefurdklo of debt
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CITY OF DENTON. TEXAS
REVENUE BOND DEBT SERVICE COVERAGE
LAST YEN FISCAL YEARS
Net ?4vma
} Fiscal Operetkq meet Operetin/ AveileWs for Deft M
Yar Mvii Ex"ftes 111 Senke
t
utility System 1983 1141,378,366 137,236,681 $8,1391487
t
1984 56,630,036 39,785,633 16,873,402
1015 67,541,640 52,104,690 15,437,051
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d 1965 73,507,176 9e,1111,014 14,606,964
1967 73,120,171 61,129,407 13,2011664
E; 1985 73,363,560 61,203,169 12,110,396
1999 71,369,137 60,247,323 17,111,114
1060 7024,699 66,660,160 21,585,439
1901 90,409,479 56,731.232 23,730,247
1092 81,214,682 GOM3,282 21,601,300
111 Euludln0 Depreehtion
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Principal Interest Total Covere6e
11,640,000 11,073,531 12,613,631 3.11
2,060,000 2,336,712 4,326,712 3.61
1,736,000 3,900{606 6,635,606 2,74
2,045,000 3,880,181 6,925,161 2.46
21020,000 3,461,639 5,482,539 2,42
21116,000 3,338,428 5,463,428 2.23
2,160,000 3,388,817 6,638,617 3.04
2,430,000 4,274,233 6,704,233 3.21
2,900,000 4,645,856 7,445,660 3.19
3,605,000 4,250,138 7,766,138 2.79
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PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
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(4i Corm»eroid CoMtruetian 111
Float Property Value Nurnbar
Year 00 thornandal of Units V"
1063 11,049,946 221 174,771,113
1904 1,127,617 291 11,264,011
19o6 11164,036 645 10,711,161
lose 1,443,543 460 41,462,104
1917 1,620,464 227 46,619,405 X A
lose 2,011005 113 21,927,411 $ r ;
toss 2,136,361 160 31,376,513
1990 2,13/4002 134 6,427,010
1991 2,031,603 70 6,149,672
1092 119611304 112 40,330,251
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121 City of Denton C1umNn of Committee Estimate
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Tattle 12
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Bank 121
Number Deyosiu
of Unite Value ran thousands!
233 $26.386,650 1368,005
564 49,273,698 386,000
618 49,996,180 475,179
573 64,972,728 661,619
467 33,417,130 457,604
304 24,677,039 654,178
268 21,241,067 656,629
316 20,249,671 714,892
167 12,414,469 665,630
189 22,191,221 663,662
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6
Toble 13
PRINCIPAL TAXPAYERS
SEPTEMBER 30, 1992
Percentage of
Total Taxable
Taxable Assessed Ass flood
Name of Taxpayer Kind of Property Valuation • VNwtlon
Texas Instruments Electrode 1 36,669,96) L98%
Manufacturing
Central Telephone Telephone IRittty 35,375,611 1.90%
Peterbilt/Paecar OEesel Trucks 31,352,247 1.86%
Two Pak Packing Manufacturing 31,585,265 1.70%
NolamlA.Vferner APIC Hospital and 22,189,536 1.19%
Denton Reg. Med. Center Professional Building
Andrew Corporation Electrode Equipment 171192,282 0.91%
Acme Brick Company brick Manufacturing 13,194,117 0.71%
Golden Triangle Moll Shopping Mss 12,441,714 0.67%
Vctof Equipment Welding Equipment 11,688,157 0.52%
Sally Beauty Supply Company Beauty Supply Not. 11,1e9,651 0.60%
1225,998,283 12.14%
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SCHEDULE OF INSURANCE IN FORCE
S11"EMSER 30, 1992
The City of Denton Is largely salf•Insured. This Includes but Is not limited to the first 150,000 of each
property loss and 110,000 of each vehicle loss. Ho waver, liability pokles are purchased for airport,
panmedic/EMT, recrea Wn progrsm and employee dishonesty exposures. Exposures that are not retained
by the Chy are covered by varlous Insurance companies inckxfing:
Expiration
Insurance Company Premium Policy No. Date
1
1, Arkwright 1 22,022 21035013 10/01193
2, Arkwright 89,050 21025025 10101193
3. U.S.A.I.O. 4,600 AL01459 10101/93
(Willis Corroon Aeroapacel
4, Texas Political Subdivision % of Paid HO 165 MOM
LosslContribution
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5. Western World Insurance Company 8,779 GLA318087 01131/93
6. Western Heritage Insurance Company 3,795 RTPN-103.911.2011 10101193
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7. Western Heritage Insurance Company 1,612 CLP•0107481 09/07193
• 9, N6onsl Union Fire Insurance 32,240 POL•439.52.38 07117)93
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Table 14
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E Amount of
Coverage Limit
Boner end Machinery 1143,331,000
Ali Rik Coverage 143,337,000
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Airport and Hanger Keeper Usblihy 5,0001000
Worker's Compensation Self-insured
Ambulence•Prohuionai Usbility 500,000
Aecraation Center • Medical 10,0100 r+
Recreational After School Program - Denis 1,0001000
j • Public Officiate Liability 1,000,000
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DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
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Per Capita a•
Fiscal Year Population (t) Income It) Avenge Ape
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1963 63,313 11,100 20,6
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1984 67,703 6,040 26.8
1988 11,237 1,616 20.2
1906 14,480 0,740 27,4
1917 681191 9,780 27,1
1061 88,623 9,760 27.6 {
1060 16,011 0,760 24.2
1690 66,270 • 0,760 30.7
1991 66,470 01760 30.7
1992 66,900 91760 30.7
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121 Denton Independent Sclaol DistriM Estimate
131 Texas Employment Commission Estimate
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Educe0on LaW In Public School UnamploynNnt
School Yon 111 bwollnbnt 171 Paw (3)
15.6 6,461 6.9%
16,6 6,914 3.6
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y E 15.0 9,510 7.6
16.8 9,919 642
F 16.8 91899 8.41
We 10,160 6.2
Isle 10,776 7.5
15.6 10,096 5.4
f 16.9 10,900 7.6
1sA 10,669 7,7
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Table 1$
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30, 1992
Form of Government CouxihManager
Area 61.0 svuare miles
Date of Incorporation September 28, 1866
Miles of Streets 300
Nurrl,e, of Street Ughas 4,540
Fire Protection:
Number of stations 6
Number of firemen and officers
(exclusive of volunteer firemenl 96
Police Protect on: ( .
Number of stations 1 I
Number of policemen and officers 104
Muricipel Electric Department:
Number of customers 28,641
Annual electric production 796,464,708 KWH
Average monthly consumption 88,371,226 KWH
Miles of electrk line 600 miles
Mulcipal Water Department
Number of customers 17,552
Annual water production 3,937,413,100 gallons
Average monthly consumption 328,117,758 galtoms
Mlles of water main 295 miles
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Municipal Wastewater Department
Number of customers 17,033
Miles of 6861sry sewer 347 miles I
Annual wastewater discharge 3,436,300,000 gallons/year
Building Permits Issued Be?
Recreation and Culture:
Number of parks 16 with 642 octet
Number of libraries 1
Items in circulation 132,209
Employees IAIt Funds):
Exempt 151
Nonexempt
Total 942
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CC"Wbh rtslve Arwwal Financial Report
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