HomeMy WebLinkAbout09-30-1996
Comprehensive Annual Financial Report
September 30, 1996
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CITY OF DENTON, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
I. For the fiscal year ended September 30, 1996
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ii CITY MANAGER
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f Ted Benavides
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i,. EXECUTIVE DIRECTOR OF FINANCE
Kathy L. DuBose, CPA, CGFO
Prepared by:
Kristin Newman, CPA, CGFO
Contfotler
Becky Buck, LPA
Sailor Utility Accountant
Julie Taylor, CPA
Senlor Utitity Accountant
Susan Sullivan
Accountant 11
Tammy Wilson, CPA
Accountant 11
Dayna Hutchinson • 0
AcccountantI
Norts This was an agenda item on January 26, 1997 agenda.
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TABLE OF CONTENTS
Page
INTRODUCTORY SECl10N:
Transmittal Letter ......................................................I
Organization Chart ......................................................x
Certificate of Achievement . xi
List of Principal Officials xii
FINANCIAL SECTION.
Auditors' Report .......................................................1 I~
General Purpose Financial Statements-
Combined Balance Sheet - All Fund Types and Account Groups . . ...2
Combined Statement of Revenues, Expenditures and Changes in Fund
Balances - All Governmental Fend Types and Expendable Trust Fund B
Combined Statement of Revenues, Expenditures and Changes in Fund Balances .
Budget and Actual • General, Special Revenue Recreation Fund and
Debt Service Funds 1Budget Basis) .....................................10 I,
Combined Statement of Revenges, Expenses and Changes in Retained
Earnings • All Proprietary Fund Types . ..................12
Combined Statement of Cash Flows • All Proprietary Fund Types 14
Notes to Financial Statements . . ..............................19
Combining and Individual Fund Financial Statements and Schedules-
Combining Balance Sheet • All Special Revenue Funds . . 50
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - All Special Revenue Funds . . 52
Combining Balance Sheet • All Capital Projects Funds . . 56 i 1
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances . All Capital Projects Funds . . . . . . .....58 j
Combining Balance Sheet • All Enterprise Funds . .............62 I
Combining Statement of Revenues, Expenses and Changes in Retained
Earnings • All Enterprise Funds .......................................66
Combining Statement of Cash Flows - All Enterprise Funds . . . . 68
• Schedule of Revenues, Expenses and Changes in Retained
Earnings • Budget and Actual • (Budget Basis) • All Enterprise Funds 72
Combining Balance Sheet • Utility System f
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Combining Schedule of Revenues, Expenses and Changes in Retained
Earnings • Utility System ...........................................78
Combining Statement of Cash Flows - Utility System . ......80 (I
Combining Balance Sheet • All Internal Service Funds ..........................86
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Combining Statement of Revenues, Expenses and Changes in Retained O 0
Earnings (Deficit) All Internal Service Funds ..............................B8
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Combining Statement of Cash Flows - All Internal Service Funds 90
Schedule of Revenues, Expenses and Changes in Retained
Earnings IDef;cit) - Budget and Actual - (Budget Basis) - Warehouse, Fleet Services,
and Motor Pool Funds .............................................92
Combining Balance Sheet - All Trust and Agency Funds 96
Statement of Changes in Assets and Liabilities • All Agency Funds 98
Supplemental Financial Information.
General Fund Supplemental Information-
Schedule of Expenditures - Budget and Actual 102
Federal Energy Regulatory Commission Supplemental Information-
Electric Utility Schedule of Assets, Liabilities,and Capital • Electric Operating Fund 114
Electric Utility Schedule of Net Income - Electric Operating Fund 117
Electric Utility Schedule of Budget and Actual Expenses . Electric Operating Fund 118
STATISTICAL SECTION (UNAUDITED):
Table
1 General Government Expenditures by Function - Last Ten Fiscal Years , 122
2 General Revenues by Source Last Ten Fiscal Years 124
3 Property Tax lev es and Collections Last Ten Fiscal Years 126
4 Assessed and Estimated Actual Value of Taxable Property -
Last Ten Fiscal Years ..........................................128
5 Property Tax Rates and Tax Levies - Direct and Overlapping Governments -
Last Ten Fiscal Years ..............................130
6 Special Assessment Collections Last Ten Fiscal Years . . 131
7 Ratio of Net General Bonded Debt to Assessed Value and Net
Bonded Debt Per Capita - last Ten Fiscal Years 132
B Computation of Legal Debt Margin . . 134
9 Computation of Direct and Overlapping Debt 135
10 Ratio of Annual Debt Service Expenditures for General
Bonded Debt to Total General Expenditures - Last Ten Fiscal Years 136
11 Revenue Bond Debt Service Coverage - Last Ten Fiscal Years 138
12 Property Value, Construction and Bank Deposits Last Ten Fiscal Yeara 140
13 Principal Taxpayers ....................143
14 Schedule of Insurance in Force 144
15 Demographic Statistics - Last Ten Fiscal Years 146 0
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16 Miscellaneous Statistical Data . . . ..148
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Comprehanslve Annual Nnaaclat Report
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CITY of DENTON, TEXAS MUNICIPAL BUILDING • 215 E. McKINNEY • DENTON, TEXAS 76201
017)566-8200a DFW METRO 434.2529
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December 27, 1998
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 Denton for the fiscal year ended September 30, 1996. The responsibility for both the
accuracy of the presented Information and the completeness and fairness of the presertation of
the data, Including all disclosures, rests with the City. Tc the best of our knowledge and belief,
the enclosed data are accurate In all material respects and are reported In a manner designed to
present fairly the end results of operations of the various funds and account groups of the City.
All disclosures necessary to enable the reader to gain an understanding of the City's financial
activities have been included. The Comprehensive Annual Financial Report is presented in three
sections: introductory, financial and statistical. The introductory section includes this transmittal
letter, the City's organizational chart, and a list 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 sci 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; solid waste services; the
construction and maintenance of highways, streets and infrastructure; and water, wastewater
and electric utilities.
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Economic Condition and Outlook
• a Recent events should have a positive effect on local economic cond;lions. the Y14
sales tax to reduce property tax took effect in January, 1994. Sales tax receipts
! crew from $10,147,978 at September 30, 1995, to $11,105,821 at
September 30, 1996.
a The Wal-Mart Superstore opened In the Spring of 1996. The facility Is located on
• loop 288 and Spencer rload and provides approximately 500 jobs. • •
■ A new Lowes store (wholesale and retail building supplies) opened in September
1996. The 130,000 square foot facility is located adjacent to the new Wal-Mart
I Superstore and employs approximately 300.
"Ucdicarrd to Quah(v Sen ire"
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Transmittal Letter (conrinuedl
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■ Andeson Merchandisers began construction on a 248,000 square foot light +
assembly/distribution center, Anderson distributes books, music and video tapes i
and will begin operating out of the new facility in January or February of 1997.
They employ approximately 300.
• Avionics International located In Denton in January 1996. Avionics International
provides sales and service of aviation communication equipment and employs
approximately 20. The new facility is located adjacent to the Denton Municipal
Airport.
• Hartzell Manufacturing announced plans to build a new plastics injection molding
plant In Denton. Hartzell will move from leased space in Denton to the new 40,000 l
square foot facility In the Spring of 1997 and will add approximately 50jobs (a total
of 185).
■ Nebrig and Associates, Inc. (brokerage and sales of corporate jets) have leased
space at tha Denton Municipal Airport and will construct hangar end office space.
Nebrig will employ 8,
■ Super B Motel opened Its new facility on Interstate 35 this year and Budgetelle i
Motels have announced plans to build a motel adjacent to the Super 8.
■ Weathertrol, Inc„ has begun a 37,230 square foot expansion of their warehouse
facility located on University Drive.
• Oakmont Village Retirement Center has begun construction of a 29,000 square fool
facility on Lilian Miller.
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• The Longhorn Art Gallery is nearly completed. The gallery is located on the Square
In downtown Denton. The building will also provide residential apartment space on !
the second floor.
• U-Haul has completed their 85,000 square foot mini-storage facility located on I
Interstate 35.
■ Eckerds Drug Store has begun construction on their 11,000 square foot store. The
new facility Is located on University Drive and Locust.
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• Milestech, Inc, has purchased a 33,500 square foot building that has been vacant
for several years. Milestech is renovating the facility for their distribution of small
electronic parts. They employ approximately 25.
• New apartment complexes; Cooper Glen Apartments on Locust • 301,000 square
feet; Arbors of Denton Apartments • 167,000 square feet; Mulberry Place
• Apartments • 7,500 square feet; and Santa Fe Square Dormitory - 38,600 square • •
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Transmittal Letter (continued)
Major Initiatives
The City experienced tremendous growth In the early 1980s. In 1987, property
values increased by 16% percent over the prior year's values. Such rapid growth placed
considerable demand on the City's labor, equipment and infrastructure. Resources were more
readily available when property values were high, and demand for services was met by increased
allocations in almost every area of City government. Unfortunately In 1989, property values
stopped increasing and growth slowed significantly which limited resources, while the demand for
services remained high. Managers struggled to maintain the same level c. services while
stretching decreasing resources as far as possible. The economic environment In the early 1990s
made budget preparation very difficult. For example, in 1992, managers were asked to reduce
their budgets by two percent. Budget p(eparation continued to be challenging in 1993.94, which
could be classified as a maintenance budget, only marginally addressing pent-up demand from
previous years. Though there was considerable optimism that economic recovery was just around
the corner, in 1993 property values continued to decline.
Some relief came in 1994 when the 1994 total assessed value of the appraisal roll
increased five percent over tie prior year, Plus, the citizens of Denton approved a A C sales tax
to reduce ad valorem taxes in January of 1994, The Increased property values plus the K 4 sales
tax allowed the City Council to reduce the ad valorem tax rate by 25%.
The economic environment continued to Improve for 1995. The 1995 assessed
value of the appraisal roll increased four percent over ttie prior year. This growth allowed the City
Council to continue addressing the tremet,dous back :)q of capital and other one-time needs
postponed over the past few years due to the lack of resources, as wetl as meeting a number of
ongoing needs.
Of the more noteworthy initiatives in 1995 was the re-opening of the central fire
station which necessitated the hiring of twelve new firefighters and the purchase of a new Quint
lire engine and two ambulances. The decision to reopen the central fire station was made after
considerable debate on how to best provide adequate fire coverage for the citizens of Denton.
Currently, the City has six full-service fire stations to protect and serve the citizens of Denton.
i The tight budget years mentioned above often meant that the City was unable to
replace vehicles as often as needed. As a result, many vehicles had high maintenance costs,
frequent down time, and were creating safety hazards. To address this problem, a number of
enhancements was made in 1995 to aid management in setting retention cycles to minimize
overall fleet costs. The major elements of the enhancements Included the use of a fleet utilization
study and the use of internal financing to purchase vehicles and equipment. Successful
implementation of the fleet utilization study helped management identify situations where vehicles
I could be pooled or shared among various City departments In order to reduce the overall fleet size,
Additionally, the use of internal financing, rather than issuing ce, ificates of obligation, saved the
City approximately $80,000 in 1995.96.
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• In 1995, the City Council implemented the first year of a multiple-year plan to
completely address all of the City's critical vehicle needs. Of the total 314 Ceneral Fund vehicles, • 0
183 are considered Class I vehicles. A vehicle is categorized as Class I when two or more of the
I evaluation criteria are high 0 e„ high maintenance, high mileage, or older than estimated economic
life). The City replaced 42 Class I vehicles in 1995.96.
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Transr.iittal Latter (continued)
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The 1995-96 budget also included funding o help renovate City Hall. The
renovations bring City Hall into compliance with ADA requirements, Building and Life and Safety
Codes, and improve audiolvlsuat systems. The renovations improve citizen access to the building
and provide a safe environment for citizens and staff, i
Finally, In 1995, the City Council appointed a Blue Ribbon Committee, comprised
of fifty citizens, to review the capital needs of the City and to prepare a five-year plan for a bond
program. After long hours and diligent work, the Blue Ribbon Committee developed a plan which
was presented to the citizens of Denton for their approval in February 1996. The election results
reflected overwhelming support for the five-year bond program as proposed by the Blue Ribbon
Committee. The 1995-96 Gerwal Government Capital Improvement Plan (CIN totaled
$3.7 million, which Included 92.5 million for transportation needs, $ .7 million for drainage needs,
$ .3 million for Park needs, and $ .2 million for City Hall renovations. The Utility Departments
(Electric, Water, and Wastewater) continuo their CIP program to replace necessary items within
the Utility system.
Financial Information
The management team of the City is responsible for establishing and maintaining
an internal control structure designed to ensure that the assets of the City are protected from loss,
theft or misuse and to ensure that adequate accounting data are compiled to allow for the
preparation of financial statements in conformity with continued generally accepted accounting
principles. The Internal control structure is designed to provide reasonable but not absolute
assurance that these ob;ectives are met, The concept of reasonable assurance recognizes that
(1) the cost of the controls should not exceed the benefits likely to be derived, and, (2) the
valuation of cost and benefits requires estimates and judgments by management.
Single Audit [
As a recipient of federal and state assistance, the City also Is responsible for
ensuring that an adequate internal control structure 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. A3 a part of the City's single audit, tests are made to determine the
adequacy of the internal control structure including that portion related to the federal financial
assistance programs, as well as to determine that the City has complied with applicable laws and
regulations.
The result of the City's single audit of the fiscal year ended September 30, 1996
provided no Instances of material weaknesses in the internal control structure or significant
violations of applicable Ir.ws and regulations. {
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Budgeting Controls
The City maintains budgetary controls to ensure compliance of legal provisions
embodied in the annual appropriated budget approved by the City Council. Activities of the
General Fund, Special Revenue Fund (Recreation Fund only), Debt Service Fund, the Enterprise E
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Transmittal Letter (continued)
Funds and the Internal Service Funds lexcluding rick Retention) are included in the annual
operating budget. Projected financial plans are adopted for the Capital Improvement Funds. The
level of budgetary control (that is, the level at which expenditures cannot legally exceed the
appropriated amount) is established by function activity within an individual fund. The City also
maintains an encumbrance accounting system as one technique of accomplishing budgetary
controls, and a technique of budgetary "lockout' which will prevent a transaction from exceeding
k legally appropriated budgetary amounts.
E As demonstrated by the statements and schedules included in the financial section
of this report, the City continues to meet its responsibility for sound financial management.
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General Governmental Functions
r The following schedule represents a summary of General Fund, Special Revenue
Funds and Debt Service Fund revenues for the fiscal year ended September 30, 1996 and the
amount and percentages of Increasel(decrease) in relation to prior year amounts. The amounts
in this schedule are expressed in thousand of dollars.
Increase
Percent of (Decrease) % of Increase
Revenues Amount Total from 1995 (Decreasm)
Taxes 922,583 57.66 $ 464 2.19
Licenses and Permits 573 1.46 185 47.68
Franchise Fees 6,067 15.49 (461 (.75)
Fines and Forfeitures 1,574 4,02 21 1.35
Fees for Service 1,848 4.72 100 5.72
Interest 814 2.08 77 10.44
Intergow,nmental 3,375 8.62 595 21.40
Miscellaneous 2,333 5.95 1,038 80.15
TOTAL 839,167 100.00% 62,454 6.68
The most significant increase in General Fund Revenues from a continual source
was in the miscellaneous revenue category. This increase Is attributed to an increase in grant
funding.
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The second most significant increase in General Fund revenues from a continual r
source was in the licenses and permits category. This increase was attributed to the increase of
building activity.
The following schedule presents a summary of General Fund, Special Revenue
• Funds, and Debt Service Fund expenditures for the fiscal year ended September 30, 1996, and
the percentage of increase/)decrease) in relation to prior year amounts. Once again, the amounts
I stated in this schedule are expressed In thousands.
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Transmittal Letter (continued)
Increase % of
Percent of (Decrease! Increase
Expenditures Amount Total from 1995 (Decrease)
Current:
General Government $11,611 29.52 $1,536 15.2E
Public Safety 13,952 35.47 1,348 10.70
Public Works 4,396 11.17 22 .SO
Parks and Recreation 3,345 8.50 327 10,83
Capital Outlay 1,069 2.72 (55) 14,89?
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Debt Servicesr
Principal 3,550 9.03 454 14.66
Interest and Fiscal Charges 1,411 3.59 (80) _ (5,36)
TOTAL $39,334 100.00% $3,552 9.93%
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The most significant increase in General Fund expenditures is In the general
government category. This Increase Is attributed to salary increases as the City moves towards
ful' implementation of the compensation plan.
The most significant decrease in General Fund expenditures was in the interest and
fiscal cha•ges area. This decrease was due to the telunding of bond Issues in 1991
General Fund Sutance
The fund balance of the General Fund decreased by 3% in 1996. The fund balance
provides the City with an average of 44 working days of expenditures. However, $482,761 of
the balance is reserved for encumbrari es.
49 Proprietary Operations
Enterprise Operarions
The City's Enterprise Operations consist of a utility system which provides for
electric, water and wastewater services. The Enterprise Operations also include solid waste
services for residential, commercial and landfill operations,
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There was no change in residential electr;c rates. There was an overall electric rate
decrease of 3.95% In small commercial customers. The actual rate decrease for a particular
customer depends on the demand level and energy use.
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Tra ismittal Letter (continued)
In the Water Fund, rates Increased by 2%. An average residential customers' bill
(8,500 gallons) increased by $.62 monthly and the average commercial customer's bill (40,000
gallons) increased by $2.85. Wastewater rates increase 2%. The new rate caused the average
residential wastewater bill 16,100 gallons) to increase by $.39 monthly and the average
commercial wastewater bill 132,000 gallons) to increase by $2.24.
Solid Waste residential rates increased by 8.33% and commercial rates increased
overall by 9.95%. Residential customers saw their monthly bills increased by $1.00. As
commercial solid waste cost depends on many different factors, increases in customers' bills
varied. The landfill disposal rate increased by S 1.00 per cubic yard.
Internal Service Operations
The Internal Service Operations consist of the Warehouse, Fleet Services, Motor
Pool, and the Risk Retention Funds. The Warehouse Fund accounts for financing of goods
provided by the Warehouse to other City departments. The Fleet Services rind accounts for the
financing of goods and services provided by the Municipal Garage and Machine Shop to other
departments within the City, The Motor Pool Fund Is responsible for the purchase of City vehicles
not budgeted in other funds. The Risk Retention Fund accounts for the accumulation of resources
I for the payment of workers compensation, general liability claims and insurance policies.
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Fiduciary Operations
Expendable Trust Fund
The Expendable Trust Fund accounts for sev'rat small trust funds which are varied
in purpose.
Agency Funds
The Agency Funds consist of Payroll, Deferred Compensation, and Other agency
funds. The Payroll Fund is responsible for the collection and payment of the City's payroll and
associated liabilities. The Deferred Compensation Fund accounts for City employees' investments
in a deferred compensation plan, The Other agency funds account for vario.,s accumulations of
employee funds.
O r Debt Administration
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At September 30, 1996, the City had $22,911,130 in General Obligation Bonds
outstanding, $31,273,659 in a Note Payable to the Corps of Engineers, $14,275.000 in
I Certificates of Obligation and $89,270,000 of Utility System Revenue Bonds. The City has
maintained an 'A1" rating from Moody's Investor's Service, Inc„ and an 'P.A•' rating from
O Standard and Poor's Corporation, on its General Obligation Bonds. Utility Revenue System Bonds O O
have maintained an "A+" rating from Standard and Poor's Corporation while Moody's Investors
I Service, Inc. upgraded Denton's revenue bonds from "A' to'A1" in March, 1993.
As was mentioned earlier, the City has developed a plan for issuing annual General
I Obligation Bonds hat were approved by the voters in a capital improvements plan, The
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Transmittal Letter (continued)
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Certificates of Obligation are used for short-term construction projects and financing motor pool
vehicles, other equipment and landfill.
Cash Management
The City follows an active program of cash management, keeping all temporarily
idle funds in interest-bearing accounts. These accounts are In the form of NOW accounts,
certificates of deposits, Local Government Investment Pools, Treast ry issues End Federal
government agency instrumentalities. On August 31, 1996, the annualized yiela on investments
was 5,96%, compared to 5.77% and 4,99% for the same period in 1995 and 1994 respectively.
Investable funds as of September 30, 1996, were $121_8 million, which is an Increase from
$107 million In 1995 and $96.2 million in 1994. The longest Investment maturity has been
lengthened from 58 days In 1987 to 1,459 days In 1996. As of September 30, 1996, the City's II
average yield on investments was 5.95% compared to 5.83% for the same period In 1995. The
City's investment policy is to maximize yield with a minimal amount of risk whi!e maintaining an
actively competitive yield on its portfolio. Accordingly, all of the City's deposits are either insured
by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation,
of are collateralized by governmental securities. All collateral on the deposits is held by a third
party financial institution's trust department in the City of Denton's name. The Investments of the r[
Deferred Compensation Fund in which the City participates are held separately from those of other I
City funds by an outside trustee appointed by the City. State statutes authorize the City to Invest
in obligations of the U.S. Treasury and U.S. agencies, obligations of the State of Texas and related
agencies, repurchase agreements, municipal pools, and municipal securities of any state rated "A" ~i
or above by a nationally recognized rating service.
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Pisk Management
The City has maintained a very aggressive program to increase safety awareness I 1
and training. Incentive programs, temporary alternate duty, medical case management, and the
decision to hire an Occupational Health nurse and open an Occupational Health clinic should
contain Workers' Compensation expenditures growth in the future. Legal expenditures for general
liability issues have Increased steadily over the past two years and are anticipated to continue
during the upcoming fiscal sear.
• Wory.rs' General Program
m n n Liability Cost I!ansfe(
FY '96-97 Projected $1,053,000 $565,000 $1,618,000 $75,000
FY '95-96 Actual 318,750 410,870 729,620 75,000
The City purchases property Insurance and Public Official's Liability Insurance from
• commercial carriers; all other exposures are self-insured under the Risk Retention Program, • O
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Transmittal letter (continued)
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Independent Audit
The City Charter requires an Independent suJit or the account: of the City by an
independent auditor. The accounting firm of Deloitte & Teuche LLP was selocted 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 requiremems of the Federal Singia Audit Act of
1984 and related OMB Circular A•128.
` Awards
I The Government Finance Officers Association iGFOA) awarded a Ce tificate of
Achievement for Excellence in Financial Reporting to the City for its Comprehensive Annual
Financial Report for the fiscal year ended September 30, 1995. In order to be awarded the
Certificate of Achievement in Financial Reporting, the City published an easily readable and
efficiently organized comprehensive annual financial report. This report satisfies both generally
accepted accounting principles and applicable legal requiremer.ts. The Certificate of Achievement
is held for a period of one year only, We believe that our current Comprehensive Annual Financial
Report continues to meet the Certificate of Achievement requirements and we are submitting It
to the GFOA to determine its eligibility for another certificate.
The C ty also received GFOA's award for Distinguished Budget Presentation for its
1995 annual budget. In order to qualify for the Distinguished Budget Presentation Award, the City
budget document was judged accord'p g to its compliance with specific guidelines established by
GFOA. These guidelines help ensure that Denton's budget Is distinguished as an operations guide,
financial plan, policy document, and communication device. The City has submitted its 1998
li I budget to GFOA to determine its eligibility for another certificate. We believe that it continues to
meet the Distinguished Budget Presentation Award criteria.
Acknowledgments
I would like to thank all of the Finance Department staff, the department directors
and division heads for their diligent efforts In the preparation of the annual financial report. A
tremendous amount of time and effort went into the development of this report, especially by the
Accounting staff, I would also like to thank the City Counci!. It Is their strong leadership and
faithful support of the City that helped make the presentation of this report possible.
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Kathy L. DuBose, CPA Kristin W. Newman, CPA
Executive Director of Finance Controller
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CITY OF DENTON ORGANIZATIONAL CHART
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
I City of Denton,
i Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1995
A Certificate of Achievement for Exceknce In Flnancial
Rrportl,ig is presented by the Governmect Financo. Officers
Aaoclation of the United States are, Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards In government accounting
and financial reporting
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CITY OF DENTON
List of Principal Officials i
September 30, 1996 1
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ELECTED OFFICIAL S {
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Title Name i
Mayor Jack Miller l
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Mayor Pro-Tem Euline Brock
Councilmember Roni Beasley
Councilmember David Bites
Councilmember Jerry Cott
Councilmember Jeff Krueger
Councilmember Carl G. Young, Sr.
CITY OFFICIALS
Title Name
City Manager Ted Benavides f j
Deputy City Manager Rick Svehla IJ
Executive Director of Finance Kathy L. DuBose
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71 Executive Director of Utilities R. E. Nelson
Executive Director of Emergency Services Mike Jez
Executive Director for
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Municipal Services and Economic Development Betty McKean
City Attorney Herbert Prouty
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j City Secretary Jennifer Walters
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Combined Financial Statements Overview
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City Center Tower II Telephone. 1817)347-3300
Suite 2950
301 Commerce Street
Fort Worth, Texas 76102 -
INDEPENDENT AUDITORS' REPORT
The Honorable Mayor and Members
of the City Council
C:y of Denton, Texas:
1
Wre have audited the accompanying general purpose financial statements of the City of Denton, Texas J
("City"), as of September 30, 1496, and for the year then ended, listed in the foregoing table of
contents. These general purpose f nancial statements are the responsibility of the management of the j
City. Our responsibility is to express an opinion on these general purpose financial statements based !
E on our audit
We conducted our audit in accordance with generally accepted auditing standards and Government
Auditing Standards issued by the Comptroller General of the United States. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the general purpose
financial statements are free of material misstatement. An audit Includes examining, on a test basis,
evidence supporting the amounts and disclosures in the general purpose financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements present fairly, in all material respects, the
financial position of the City at September 30, 1996, and the results of its operations and the cash
flows of its proprietary fund fypcs for the year then ended, in conformity with generally accepted
t accounting print iples.
Our audit was conducted for the purpose of forming an opinion on the general purpow financial
statements taken as a whole. The combiningand individual fund and account group financial
statements and schedules IWed in the foregoingtable ofcontents are presented forpurposes of
additional analysis and are tot a required part of the general purpose financial statements of the City.
These financial statements and schedules are also the responsibility of the management of the City.
Such additional information has been subjected to the auditing procedures applied in our audit of the
general purpose financial statements and, in out opinion, Is fairly presented in all material respects
when considered in relation to the general purpose financial rtatements taken as a wholes
• In accordance with GovernmentAaditing Srandards, we have also issued a report dated December 20,
1996 on our consideration of the City's internal control structure and a report dated December 20,
1996 on its compliance with'sws and regulations.
i
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• . a
December 20,1996
1
Delolitebache
Tohtnststr
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CITY OF DENTON, TEXAS
E`1
COMBINED BALANCE SHEET • ALL FUND TYPES AND ACCOUNT GROUPS ( f
SEPTEMBER 30, 1996
fJ ,
Covermuntal Fund Types
A901 AND OTKER OMTS General Special Revenue Debt Serviea Capital Projects
Cash and deposits (Nato 21 1 2,060,722 11,650,256 1 41,590 12,!61,762
Investments INats 2) 7,770,655 1,!6!,6!0 Il
Recelveblas trial of allowances for uncoReadWW
Taxes 1,014,160
Accounts
f
Unbilled utility service
Special assaawano.
Accrued interest 111,622 367 2e.40S
Other 690,200 144,462 76,050 E
Lfrom other funds IWO 111 495,153 110,274 4,641,112 4,096,751 rr`
Due from other governments 65!.6!5 207,191
t J
Mach r Lee inventory 111
Prepaid Remo !
Deferrod bond Issuances Poste ! -
Restricted sessis
Cash and depoi7te (Nate 21 k
Investments INats 21
Accrued Interest r
Due from other funds f
Advances to athsr funds
Fixed sseets Inert, whore applicable, Ik
of accumulated deprectatlonl (Note 31
e Amount available In Debt SeMca Fund t i
Amount to be provided for retirement i
t of long tam cabllitiee
r Total A seas and Other Debits 153,130,011 12,185,279 44,423,472 11!,43!,110! '
! IContinuedl tE
f . , The aca
J ompanying notes to finanafel statements ate an Integra pm of this statement. `
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AAA03E66 • Z •
Comprehensive Anrud Finandel Repot
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CITY OF DENTON, TEXAS
G '
I
Aduclery Fund Totals
propdetery Fund Types Type Account Groups IMemorenduen On1y1 rose Tmol end G#morel Fixed Gemrel Long. September 30, September 30,
2nterpr1es Internal Service Agency Assets Term Usbilities 1995 1095
1 9N,960 0 639,223 12,977,115 6 1 / 12,605,380 { 0,950,590
{ 9.064,066 5,011,617 - 23,926,954 67,660,634
. 1,014,160 179.672
6,071.114 - 6,074,014 811113.460
l 6,682,608 6,662,609 4,996,791
1,078
1,07619SS 214,100 1,508,249 $1335,190
310,722 43,341 7,266 1,409,071 2,364,147
194,703 2,715.409 12,193,622 2.000.690
1957,179 1,266,674
041,496 1,769,1158 2,701,264 3,220,691
1,830 181,559 183,395 2,249
I- 1,221,226 1,221,226 952,753
3,434,279 140.629 - 3,663,008 4,107,246
91,947,744 61421,012 87,269,766 40,945,744
357,012 397,012 351,184
fff 6,902,171 11402,770 1.525.472
4,831,784 4.931,164 6,973,181
171,302,154 6,130,315 104,661,744 261,994,212 279,143,317
' 612,167 682,167 704,004
•
• 29,373,340 29,373,310 29,614,329 i,
1302,302,220 122,472,163 12,184,471 1100,601,744 {20,065,647 1490,354,685 4456,014,208
Aer~
•
Corltprohon11y6 Annul Fln4nt:id R4por1--
NIP
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F
CITY OF DENTON, TEXAS
i
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS (Continued)
SEPTEMBER 50, 1996
Goverrvnentd Fund Types
LLABX 1E6, 11i AND OTHER CREDITS General Special Revenue Debt Service Capital Rfalacte I
usbaldes:
Accounts payable end seamed e.editlee 61,367,165 11,017,696 6 11616 11,062,436 I
Reldnepe payable 43,001
Accumuleled unpeld compensated absences
(Note 4)
-
Deposits 6,156
pay4bs from reetdctae pilau .
Accounts payable end accrued expenses
Rels::..~a payable 111121
Due to o0wr funds (Note 111 -
Accrued inbreet
Revwmo and flamers) ob*dcn bonds
payable, ounsnt INote 4)
Acmd htoreal
Due to othor funds (Note 11) 4,667,411 42,117 31721,116 347,107
Other 1sbOdes 2,462
Advances from other fwds
Deferred revenues 61,621 256,319 216,160 1,941 I~
Lessee payable (Notes 4 end 61
demerit obIll bends potable rcoto 41 - 1
Corti Rtates of obIl lon INcle s)
Revenue bonds peyAN4 Im of bond discount) j
(Nola 41 1{
claims payable (Note 61
Notes payable (Note 4)
FI
i Lendfi6 closurelpoelelosuts costs (Note 13)
Tote Votomtwe 14,326,476 11,12!,314 11,941,205 11,464,465
k
(Continued)
The seeompenyln/ notes to financial etmornents we an Intoord part of tNs HslemeM. I - -
II
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CwW shonslyo Annual Finarrclat Report I
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i CITY OF DENTON, TEXAS
Fiduciary Fund Total$
Proprietary Fund Types Types Account Groups IMemcrardum Only)
Trust and _ General Fixed General Long- September 30, September 30,
Enterprise Internal SaMce Agency Aasels Term Uabiht;ae 1996 1995
1 3,408,803 9 553,676 12.867,930 It 8 { 10,330,147 1 12,537,561
17,148 - - - 60,149 116.682
727,974 40,078 3,658,409 4,426,459 4,089,918
1 1,158,167 - 1,184,326 1,172,775
I 142,058 - - 142,058 124,082
42.502 4 2, 502
4 77.910
VVVV 1,980,489 22,574 2,003,063 1,088,427
l 5,909,132 5,909,832 4,466,980
. 150,026
8,368,227 31749,895 246 21,096,301 3,451,832
2,662 29,301
4,831,784 4,831,784 5,881,784
$47,999 449,050 -
36,095 75,354 - 8,535 119,884 398,130
430,111 88,655 22,320,823 22,840,349 23,149,751
8,023,650 1,724,818 - - 4,087,787 13,116,548 10,505,000
13,890.001 - - 13,890,001 50,010,000
2, 52S.02 - - 2,525,492 3,286,012
31,273,659 - - 31,273,659 94,896,392
ll 2,900,561 - - 2,900,561 2,646,259
r
4153,142,071 98,780,640 92,888,078 { 9]0,055,517 1207,927,178 9186,531,876
111
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i
Compr"nilve Annual FInM01at RepOrt
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CITY OF DENTON, TEXAS_ 13
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS IConaludedl I I -
SEPTEMBER 30, 1996 I!
tI
Governments! Fund Types
LL481UTIE6, (Ol1ITY AM OTHER CREDITS General Special Revenue Oebt Service Capitol Projects t
Fund Equity!
Contributed capital • (net, where applicable
of accumulated depreciation) 1 1 - 1 1
Investment In general fixed assets INote 3) - - - -
Retained earnings •
Reserved for bond retirement INcte 41
Reserved for espilr; Projects
Reserved for fleet replacement -
Reserved fit Iandhit retirement
Reserved for debt retirement
Reserved lot dumpster replacement
Reserved lot twit stabilitatiore
Reserved fur woAing capital
Reserved for emergency `
Rese•ved for water Iowa;
Reserved for water wells
Reserved lot infresrtuctue financing
Resolved lot future claims
Reserved lot authorized espenddute ,
Unreserved
Fund belencas
Reserved lot debt service 682,167
Reserved lot encumbrances 482,761 223,830 - 453,041
. Reserved for capitol projects - 7,502,073 C!
Unreserved •
Designated foe subsequent
tests' espendlutsri
r Undesionated e,sro,644 1,339,235
Trial EqulTy and Other Cndita 6,800,605 1,563,065 682,167 7,155,114
• total Vabllitlea. Equity / b
and Other Credits 113.131 12,885,379 14,623,472 $9,439,609 ( 3
aww~
The accompanying nores to 6nanciat stolernpi are an integtal part of this statement. Il If
1 I
6
Comprehensive Annud Tksanclal Report
1
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CITY OF DENTON. TEXAS_ _
Fiduciary Fund Tolsis
pmpictary Fund Types Types Accovnt Groups !Memorandum Oniyl
Twsl and General Fixed General Long- September 30, September 30,
Enterprise Imemal Service Agency Assets Term biabilltiea 1996 1995
1 14,209,112 11,012.198 1 1 1 1 IS,221,310 115,92S,424
• 108,561,744 108,661,744 102,418,547
12,802,157 12,802,1S1 9,588,568
17,296,701 149,529 17,448,230 73,189,822
5,421,012 5,421,012 6,987,422
456,975 456,975 191,975
301,100 301,100 262,100
75,000 75,000 75,000
f 45,932;100 45,932,030 400,000
2,IS3,000 - 2,153,000 2,000,000
f S,384,000 S,364,000 8,000,000
550.000 550,000 350000
. 90,000
1,610,000 1,610.000 1,110.000
3,1'D,53i 3.130,531 2,737,019
• 13,000 - 13,000
41,384, 163 3,365,233 52,349,408 87,630,451
l 682,181 704,904
1,159,632 1,615,489
• 1,602,073 6,128,207
511,548
16,393 7,813,472 6,965,872
149,160.208 13,591,513 16,393 109.561,144 288,430,109 266,482,318
• 1302,302,229 122,472,153 12,894,411 1108,561,714 130,05e 5;1 1498,154,685 1455,014,206 • ,
®e~~e laaxxxxxat
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- Comprehensive Annual FManclel Aeporl
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CITY OF DENTON. TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES I
ALL GOVERNM:.NTAL FUND EYPES AND EXPENDABLE TRUST FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
I l
G.v.,mrnemlool Fwd ?,,n
argeefe
Gmwd Bpeud Pay emu* Debt Service eea411
REVENUES.
Tern 111,001,486 6 14,$01,601 1
Licenen erd aeymVle 172,070
frenchae fen 6007,244
fnn end fwfeitmH 1,874.060
Fen tw nrui' a 1,140,724 707,693 )
Bottom rev enw 710.500 68,097 14,743 051,441 I
Ioteryovermwntal $40.030 ),634,500 712,967 ( 1
CwnribuUone
MAcormeow 662.370 1,588,764 161,035 690,516 I _
- I
Total Revenwe 29,169,711 6,210,024 4358,378 1,222,176
EXPENDITURES.
Cwnnt- I j
Cewral Gayernment 044,179 3,606,754 7
Public ufaty 13.096.002 264,935 I
I
Public rrurke 4,380,384
Peke and reneetlan 2,735,176 BU9,640
li
Cwlrel oinby 635,151 434,209 4,106,016 Debt emvlce
PRlnclaal stow ment 3,549,615 I
Inl.... I and facto chM9.1 1,411,411 S
Telel EepeMhwu 20 507,091 4,1165,1103 4,900,903 4,165,075
EXCES9 OF REVENUES OVER IUNDEIU (XPLNDITUPES !717.0101 353,421 1202.6641 12962,0491
OTHER FINANCIN0 90VRCEe IVS(61 +
No...do of luny term debt 2,706,000 ~ I
Opel tohry P.,efal in 370,003 300.853 119,147 097,690 II 1
4
0"'t a n4towfeve lout) 1252.200) 1411,7751 1275,4361 I I
i
Tetd Me-Ffnenoln0 Sewan 1Wee1 117.736 1710,972! 179,847 3,427,154
tRCE59 OF REVENUES AND Ofllln DOURCES
"the 7UNDERI EXPW)lll'nLS AND OIIILR USCS 1200,1761 24),499 122,1711 404,306 I I
FUND BALANCE Oufubw 7,400,700 1.327.560 704,904 7,490,800
• FUND BALANCE • beer, nbe? 30 1 6.900,006 41,683,065 4 882,181 4 7,056,114 • •
iI
The ercomvm,y m,; not" is financid eteeaw.de we m ktryrel perf of th,a et elm.enl
I l
Comprehensive Annual Financial FtepoyE ' ;
M'" ME M1121WrC
_ ----CITY OF DENTON, TEXAS _
tm~.
F"J.6Yy Fund (Mamw r idum Odyl
type Yaw E.dad
Eapeodabl,
Trust Septambar 30, 1996 Septan*er 30. 1995
I
1 177.683.799 122.099,226
672,878 388,274
6.067.244 8.112,849
- 1,674,050 1,652,640
1.048,307 1,747,681
1 7,168 1.175,038 1,112.600
- 3.848.077 4,378,641
3
24,835 24,835
• _ 2,923,401 31401,688
20,003 40.416,013 40.853 002
39,351 11,6M 793 10,161,573
13,951, 797 12,804, $27
4,390.364 4,374,433
• 3,144,822 3.017913
I 5,255.034 6,571657
3.649.615 3,095,856
1,411,448 1,491,032
39,351 41,659.283 41,209,840
(12,8461 13,142.4101 14149591
I 2.705.000 1,610,000
• 1,040,293 487,317
I _ 1939.4191 1381.3171 -
3,013.814 1,70'.,000
11 5461 471 , 311 1. 90,042
F 29,941 18,516,000 15.256.960 '
• 1_~~ • •
$10,393 111,01 7.311 I f 6, 646,000
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.g.
- Comprehenllve Annual Tinonclel Report
E TI
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--CITY OF DENTON, TEXAS__ _ I
COMBINED STATEMENT OF REVENUES, EXPE11D11URES AND CHANGES IN FUND BALANCES • Of DGET AND ACTUAL I i -
GENERAL, SPECIAL REVENUE RECREATION FUND AND DEBT SERVICE FUNDS (BUDGET BAEISI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
General Fund
Variance
Favorable
Budget Actual (Unfavorabtel
REVENUES:
Taxes 117,674,713 $18,001,496 s 426,785
Licenses and permits 415,430 572,676 157,248
Franchse fees 5,688,955 6,067,244 378,289 I~
Fines and forfeitures 1,480,993 1,574,050 93,057
Fees for services 1,167,129 1,140,724 126,4051 r~
Interest revenue 11 710,589 96,744
Intergovernmental 522,407 540,630 18,223
Miscellaneous 447,310 582,370 135,060 f+
Total Revenues 27,910,782 29,189,781 1,278,999 I 1
EXPENDITURES:
Current - f
General Government 8,475,381 7,843,985 631,398
Public safety 13,843,280 13,676,696 111
PubRC works 2,810,842 2,732,999 77,843
Parks and recreation 4,600,819 4,377,842 222,977
Capital outlay 546,811 501,797 45,014
Debt service
Principal rotirement I E
Interest and fiscal charges !
Total Expenditures 30,277,133 29,133,319 1,142,314
EXCESS Of REVENUES OVER IUNDER)EXPENDITURES 121388,3511 $6,462 2,422,813
OTHER FINANCING SOURCES !USES) `
Operating Ianslers In 370,768 370,003 11651 I!
Operating transfers li (252,2681 1252,2681
Total Other FlnsnNnp Sources IUsa) 118,600 ~ 111,735 1765) '
k!
EXCESS OF REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES AND OTHER USES (2,247,8511 174,197 ,.A22,048
fl'ND BALANCE • Octobor 1 4,955,205 6,637,166 1,131,961
FUND BALANCE • September 30 / 2,707,354 4 6,861,363 14,164,009 I 0 0
I1 ,
The accompanying notes to financial statements are in integral part of this statement.
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C nnprahanslva Annual If ren,4m Reparl ti
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CITY OF DENTON, TEXAS
1
Special Revenue Recreation Fund Debt Service fund
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable] Budget Actual (Unfavorable)
I
1 1 1 - $4,581,601 $4,581,801 1
625,250 624,537 (713)
14,743 14,743
- 161,835 161,835
626,250 624,537 1713) 4,743,636 4,758,379 14,743
591,648 544,581 47,067
33,948 36,969 13,0211
3,578,049 3,549,515 28,534
1,525,308 1,411,448 113,860
625,596 581,550 44,046 5,103,357 4,960,963 142,394
(3461 42,987 43,333 1359,721) !202,5841 157,137
149,721 179,847 30,126
• 131,2041 131,204h
(31,2041 131,2041 149,721 179,841 30,126
131,550) 11,783 43,333 (210,000) (22,7371 187,263
6,530 140,962 135,432 1218,9751 704,904 823,878
1(26,020) 4162,145 1178,785 1 (428,975) 6 882,167 11,111,142
• • 0
Compahon41v4 Annud fln4nNal Report {
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AMR&
-CITY OF DENTON. TEXAS I,
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ' i
ALL PROPRIEIARY FUND TYPES i
FOR THE FISCAL YCAR ENDED SEPTEMBER 30, 1996
Proprietary Fund Types
OPERATING REVENUES: Enterprise Inlemal Service
i ~
Electric service a 69,633,160 1
Water service 16,326,696 r
Westawaur cervice 9,997,666
Chsrges for goods and services 6,830,426 6,667,669
Premiums 4,699,476 t
Miscellaneous 122,045 7,664 fE
Total Operating Revenues 101,811,914 11,194,611 -
OPERATING EXPENSES: ~.I
Purchased power 41,4611 1
Fuel 6,981,645
Purchase of worst 80,290 17 .
Satsrias and wages 11,343,959 772,628
Materials and supplies 1,910,976 1,639.664
MelMtnanoe end repahs 3,967,291 46,259
Depreclelion 6,817,655 1,695,064 J .
Insurance 3,535,687 l
Administrative cost 9,466,707 i j
ClosuWpooclosufs cost 254,302 E f
Miscellaneous 4,058,260 1,008,246
Total Operating Expenses 68,349,166 10,496,338 ]
Operating Income 16,462,768 698,273 j
NONOPERATING REVENUES (EXPENSES):
Interval revenue 5,350,953 11
`I
Interest eoperiee and fiscal charges 17,366.701) 1136,346)
Other (36,160) 211,760
Total Noaoperating Revenues (Expenses) 12,060,928) 731,830 f
Income get" Operating Transfers 13.411,830 1,430,103 F
OPERATING TRANSFERS IN (OUT$: f
Operning vensfers In
Q Operating transfers lout) 1776,6141 1132,0001
Total Operating Transform 1776,6141 1132,0001
Not Income 12,636,016 1,298,103 I 1
AddDepreciation of Fixed Assets acquired with Cnninhuled Capital 1.791,193 313,742
lncess6n in Retained Earnings 14,426,209 1,511,645 t
li -
RETAINED EARNINGS • October 1 es ptevfuuOy reported 120824,867 111,087,000
Adjustment of timed assets (Note 31
RETAINED Wlil N06 • Oetobe, 1 ae restated 120,624,897 11,067,470
PEIAINED EARNINGS -September 30 1134,961,098 812,679,316
The accompenymg notes to Iinenclal statements are an Integral pert of INS statamenl. 1
12,
1 - CompiehanNve Annual F)a6nctal papal -
4 1
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CITY OF DENTON, TEXAS
Totalb
(Memorandum Onlyl
Year Ended
September 30, 1096 September 30, 195-6
' 4 69,633.160 ! 68,072,142
16, 328, 596 13, 64 2,390
9,997,665 6,519066
13,417, s97 12, 577,166
4,699,478 2,814,736
129,609 1,163,627
113,008,526 106,686,215
41,459,061 41,264,742
6,981,646 6,600,612
60,290 61,212
11,116,597 11,574,506
6,450,529 6,395,990
1 41012,660 3,130,720
8,412,140 8,163,041
3,636,667 5,971,088
0.456,707 9,121,116
254,302 207,642
6,066,605 3,871,018
` 96,845,494 95,509,397
16,161,031 13.078,638
6,008,368 3,2384096
1 17,601,046) 0,288,3121
_ 176,580 (268,9921
11, 319, 0981 13, 317, 2081
f 14,641,933 9,761,630
l 93.871
1908,8141 (178,6711 4
(906,/141 195,DM 1 -r
I
73,933,119 8,666630 ~
1,104,936 2,019,064
I 10,038,054 11,586,694
131,692,357 118,408,657
~ 1,497,108 ® 0
f 131,602,367 119,005,703
614 7, 630,41 1 9131, 692, 35 7
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- Comprehen91y4 Annual Fklanclal Aepoit -
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CITY OF DENTON, TEXAS
COMBINED STATEMENT OF CASH FLOWS f
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Ali
Proprietary Fund Types
Enterprise Internal Service
If •h flows la.rn operating adivhles:
Cash received from customers Of 94,988,138 1 8,871,132
Cash peid to employees for eer"te 166,938.6111 1760,651)
Cash paid to suppliers (16,174,0391 16,633,6911
Net cash provided by operations 23,874,988 1,267,890 f
Cash flows Iron nonuphol Financing activities: IS
Contributions to Fleet Repracemenl Fund (167,8771
Operating Irsnsfors out to other funds (776,814) 1132,0001 I
Operating transfers from other funds
Principal payment on long-tam advances from other funds (1,050,0001
Payment received on long-term advance to other funds 1,060,000
Convibations I* Others (8,2491
Proceeds from otheff 139,946 66,412 I '
Net cash lured toil nonupital financing acdvhlss (812,9941 (76,68811
Cash flows front capital and elated financing eGtiVhlasl -
Proceeds received Irom contributed capital 261,163
Principal payments on revenue bonds end certificates of obligation (4,652,3801 1536.1041 f 1
Intoned and fiscal charges (6,860,0211 (143,1991
Proceeds born issue of revenue bonds and cortiliutes of obligation 44,280,000 l E
`i
Proceeds horn Ia1W of notes payable 282,360
Principal payments on notes payable 133,905,092) I
Proceeds from advance hom other funds i
Principal payments under capitol least obligation 1102,1161 (121,7161 1111
Acgw0pon and construction of fixed assets 110,862,1411 (2,441107) r
I1
Piocoeds from sale of fixed assets 168,00)
Net ash fund loft caphal and related financing activities 111,476.2371 13,063,7261_
Cash Iowa from investing activities:
Proceeds from sale and maturities of investment securities 84,139,445 3,171,636 1
Purchase or investment securities (101,930,7741 11,992,9331 (I
Interest received on investments 6,369,970 621,639
Not ash provided by lurid for) Investing activities 112,421,3591 1,600,541
Not mcreese Idecresse) In cosh end cash equivalents 1837,7021 171,882)
Cash and cosh equivalents • October 1 5,140,961 1,060,634 t,
Cash end cash yulvelents • September 30 1 4,309,260 6 988,762 • 0
IConialucdl
.00
The accompanying notes to finenclsl elalementa ere an into rel pert of this statement,
14
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Conprehonslve Annual Financial Repot ,i
CITY OF DENTON, TEXAS
Totnls
lMemora nd.~m Onlyl
Year Ended
September 3U, 1996 September 30, 1995
$103,859,270 {106,889,748
(56,708,162) (11,692,3951
122,008,3301 (75,887,678)
26,142,778 19,429,775 {
1167,8771 (473,693)
i
1908,814) (178,871)
83,871
(1,050,0001 1550,0001
1,060,000 550,000
111, 2491
195,358 20,990
(889,6621 1641,703)
261,153 201,848
16,090,4641 16,029,1451
17, D03, 2 2 01 18,202,5 31)
-
44,260,000 2,000,000
282, 360 137,280
(33,905,092) (136,0001
91,397
(223,834) (204,313)
113,310,9381 (9,531,392)
168,093 _ 194,420
k 114,641,9621 118,578,4361
• + I 67,311,260 81,630,760
03,923,7011 (86,633,1021
I 5,991,609 3,116,452
i (10,620,6161 (1,626,690)
(909,684) 11,623,254) {
i
6,201,696 1,730,849
6,298,011 { 6,207,695 . •
Ji
- Comprehensive Annual fl aocle! Report ,
~l~Mg1~YY.gw anHM ,
t
CITY OF DENTON, TEXAS
COMBINED STATEMENT OF CASH FLOWS • {
ALL PROPRIETARY FUND TYPES (Concluded)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
i
Enterprise Internal Service
Reconciliation of Proprietary Fund Oparating Income to Net Cash `
Provided by Operating Actlvidea I
Operating income $15,462,758 ! 698,273 '
Adjustments:
Depreciation expense 6,817,656 1,595,084
Lost (Gain} on sale of fixed asset 8,401
Closure/Posiclosure expense 254,302
Decrease (increasel in receivables 696,745 142,452
Decrease (Increase) In due from other funds (7,510,5211 12,465,9311
Decrease (Increase) in inventories 341,947 277,290 i
Decrease (increase) in prepaid items (1,8361 1179,7471
Increase IDeueasel in accounts payable (391,961) 126,453)
Increase IDecreasel in leases payable 112,376)
increase IDecreasel in accumulated unpaid r
compensated absences 62,714 3,077
Increase (Decrease) in due to other funds 8,153,084 1,999,440
Increase IDecreasel in claims payable 1771,6201
Total adiustmcnts 8,412,130 569,617 f {
Not cash provided by operating activities 423,874,888 $1,267,890
II
y Supplemental Schedule of Noncssh Capital and Related Financing Activities
Noncesh activity during the year consisted of contributed capital from contractors and developers for the Enterprise Funds
and the Internal Service Funds in the amount of 4666,065 and !03,603, respectively, ! f
f~ r
The accompanying notes to financial. statements are an integral part of this statement,
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- - Comprehensive Annual Financial Report - - of
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CITY OF DENTON, TEXAS
' Totals
(Memorandum Or4y1 j
Year Ended
September 30, 1996 September 30, 1995
f
$16,161,031 $13.078.839
8,412,740 8,183,941
8,401
254,302 207,842
839,197 1503,386f
19,986,4521 11,601,024)
619,237 194,172
1181,683f 12,0991
1418,4141 (3,665,693)
{12,3761 50,772
65,791 72 112
10,162,624 1,605,388
1771,6201 2,108,912
8,981,747 6,350,937
$25,142,778 419,429,775
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Comprehenftvl Armat FEnanclof Report c
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-CITY OF DENTON. TEXAS- i
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Comprahensiv1 Annual Firmclel Report 4 ;
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CITY OF DENTON, TEXAS
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 1996
111 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Denton ("the City") was incorporate) September ; 6, 16E6. The City operates as
a Home Rule City, under a Council-Manager form of government and provides the following services
as authorized by its Charter: public safety (police at d fire), public works, parks and recreation,
electric, water and wastewater utilities, solid waste, and general administrrtive services.
The C.rty is a municipal corporation governed by an elected mayor and six member council.
The City receives funding from state and federal government sources and must comply with the
requirements of these funding source entities. However, the City is not included in any other
governmental 'reporting entity," as defined in pronnoncements by the Governmental Accounting
Standards Board ("GASB') Statement No. 14, 'The Heporting Entity," since Council :r embers are
elected by 'tie public and have decision-making authority, the authority to levy taxes, the power to
designate r rrsgement, the ability to significantly influence tperations, and primary accountability for
fiscil matters.
The accounting policies of the City conform to generally accepted accounting principles as
applicable to governments. The Governmental Accounting Standards Board IGASBI is the accepted
standard-setting body for establishing governmental accounting and financial reporting principles. The
I following is a summary of the more significant policies
A. Reporting Entity
The City is governed by an elected mayor and six-member council, As required by generally
accepted accounting principles, these financial statements present the City (the primary government)
and its component units, which are emities for which the government is considered to be financially
accountable. Blended component units, although legally separate entities, are, in substance, part of
the City's operations and so data 4or, "tese units are combined with data of the primary government.
A discretely presented component unit, on The other hand, is reported in a separate column in the
• combined financial statements to emphasize it is legally separate from the City. The City had no
discretely presented component units at September 30, 1996.
Blended Component Vri;t- The Denton Economic Development Board (Board) ralegally separate
from the City and the City appoints its governing beard. Although it is legally separate Irom the City,
the Board is reported as if it were part of the primary government because the City provides the
majority of its funding and She Board provides the City's economic development services almost
• exclusively for the benefit of the City The Board does provide marketing and economic development
services to the City and the City provides for custody and inveztrnent of the Board's assets, various
adminisirative,personnelllegal services and the majority of funding for the Board's buitget, The Board
is repofted as a special revenue fund type. There are no separately issued financial statements of the
Eoard.
1
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Notes, City of Denton (Continued)
September 30, 1996
it
B. Fund Accounting
I
The accounts of the City are maintained on the basis of funds or account groups, each of
which is considered a separate accounting entity. The operations of each fund are summarized by
providing a separate set of self-balancing accounts which comprise its assets, liabilities, fund equity,
revenues, expenses and expenditures. The following funds and account groups are used by the City:
Governmental Fund Types 1
General Fund-
I! I
The General Fund is tine principal fund of the City. All general tax revenues and other receipts ! I~
that are not allocated by law cr 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
improvement costs that are not paid through other funds.
Special Revenue Funds-
The Special Revenue Funds are used to account for the proceeds of specific revenue sources
(other than special assessments, expendable trusts, or major capital projects) that are legally restricted
to expenditures for specified purposes. These funds include the grants from the Department of
Housing and Urban Development (Community Development Block Grant) and from the Texas Criminal
Justice Division, Department of Education, the recreation fund miscellaneous other revenues,
Ii
Debt Service Fund- {
The Debt Service Fund accounts for the payment of principal and intere:;t on general long-term
liabilities, paid primarily by taxes levied by the City, and for the payment of principal and interest on
capital leases in the governmental fund types.
Capital Projects Funds j
The Capital Projects Funds account for the acquisition of capital facilities being financed from
bond proceeds, contributed capital, or transfers from other funds, other than those recorded in the i 1
Enterprise Funds and the Internal Service Funds.
Proprietary Fund Types
I •t
Enterprise Funds-
The Enterprise Funds are used to account for operations that are financed and operated in a
I, manner similar to private business enterprises where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the general public on a continuing
basis be financed or recovered primarily through user charges. These funds include the Electric, Water
• and Wastewater Utility Systems (Utitity System) and the Solid Waste operations. I' O •
! lnfenal Service Funds-
J
The Internal Service funds account for the financing of materials and services provided by one
department of the City to other depanments of the City on : cost- reimbursement basis. These funds j
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Notes, City of Denton (Continued)
September 30, 1996
include the Fleet Services Fund (vehicle maintenance and machine shop), the Warehouse Fund, the
Motor Pool Fcnmd, and the Risk Retention Fund.
Fiduciary Fund Types
Trust and Agency Funds-
Trust and Agency Funds are used to account for assets held by the City in a trustee capacity
of as ar, agert for individuals, private organizations, other governments, and/or other funds, These
include the Expendable Trust Fund and Agency Funds. The Expendable Trust Fund is accounted for
in essentially the same manner as Governmental Fund Types. The Expendable Trust Fond is
comprised t f several trust funds of varied purpose. Agency Funds are cusiodi it In nature (assets
equal liabilities) and do not involve measurement of results of operations. The Agency Funds include
the Payroll Fund, the Deferred Compensation Fund and other miscellaneous funds.
General Fixed Assets Account Croup
The General Fixed Assets Account Group represents a summary of the fixed assets of the City,
other than assets of the Proprctary Funds. Capital oudags in funds other than Proprietary Fund Type
are recorded as expenditures of those funds at the time of purchase and subsequently recorded for
control purposes in the General Fixed Assets Account Group.
i
General Long-Term Liabilities Account Group
I
{ The General Long-Term Liabilities Account Group represents a summary of the longterm
liabilities of the City paid principally by taxes levied by the City. This account group does not include
long-te•m debt accounted for in the Proprietary Fund Types.
C. 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
determined, is utilized for these funds. The City applies all GASB pronouncements as v.cll as lne
Financial Accounting Standards Board o,onounccments issued on or before November 30, 1989,
unless these pronouncements conflict of contradict GASB pronouncements.
Modified accrual basis- The Governmental Fund Types are accounted for on a flow of financiat
resources measurement focus. Arcordingly, the modified accrual basis is used for these funds and
the Agency Funds. Mod ficatiuns in the accrual basis for these funds include the following:
1. Revenues are recognized when they become both measurable and available for use during the
year. Those revenues treated as being suscepl ole to accrual include taxes, interest and
intergovernmental revenues, Property tax revenue is recognized independently of receivables
• in the fiscal year for which taxes have been Isvied, provided they become available. Available I O 0
means then due, or past due and receivable during the current period, collected within the {
+ current period or expected to be collected soon enough thereafter to be used to pay liabilities
1 of the current period. Such time thereafter should not exceed 60 days. Revenue sources
from licenses, fines and forfeitures, servir.e charges and other m'scellaneous revenues are
recognized as the -ash is received,
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Notes, City of Denton (Continued)
September 30, 1996
~j
2. Expenditures are recognized when the related fund liability is incurred, except for interest and
principal on general long-term debt, which are recorded when due, and vacation and sick
leave, which are recorded when payable from current available resources.
3. Encumbrance accounting, under which purchase orders, contracts, and other commitments
for the expenditure of monies are recorded in order to reserve t!-.at portion of the applicable
appropriation, is employed as an extension of formal budgetary integration, Encumbrances
outstanding at year-end are reported as reservations of fund balances since they do not
constitute expenditures or liabilities.
D. Budgets and Budgetary Accounting j{
The City Council follows these procedures as prescribed by City Charter, in establishing the i
budgets reflected in the financial statements:
1. At least sixty days prior to the beginning of each fiscal year, the City Manager submits to the
City Council a proposed budget for the fiscal year beginning on the following October 1. The
operating budget includes proposed expenditures and the means of financing them.
2. Public hearings are conducted prior to the adoption of the budget in order to obtain taxpayer
comments.
3. The annual budget adopted by the City Council covers the General Fund, Special Revenue
Fund (Recreation Fund only), the Debt Service Fund, the Enterprise Funds, and Internal Service f
Funds (except for the Risk Retention fund). The budget is legally enacted by the City Council
through passage of an ordinance prior to the beginning of the fiscal year. The general purpose
financial statements reflect the legal level of control, which is at the appropriation level by
function activity within an individual fund as approved by City Council
4. The City Charter provides that the City Manager has the authority to transfer ally
unencumbered appropriation balances from one appropriation to another within a single
function (office, department of agency). City Council approval is not required at this level.
The Charter also provides that within the last three months of the fiscal year the City Manager
must have City Council approval of any transfer of unencumbered appropriation balances or
portions thereof between functions as well as any increases in fund appropriations, Individual
amendments were not material in relalion to the original appropriations which were amended.
All budgets are adopted on a basis consistent with generally accepted accounting principles
except that for the Governmental Fund Types, Proprietary Fund Types, and the Special Revenue
Recreation fund encumbrances are treated as budgeted expenditures in the year of commitment to
purchase and for the Proprietary Fund 1 ypes depreciation expense is not budgeted. All unexpended I,
appropriations at fiscal year end lapse to the appropriate fund balance except for those of the
multi-year grants andlor projects. Encumbered appropriations are carried forward to the succeeding
year.
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:
22
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Notes, City of Denton (Continued)
September 30, 1996
General Special Revenue
Fund Funds
I Revenues and Other Sources:
Budgetary basis $29,559,784 $624,537
1 Other Special Revenue Recreation Funds unbudgeted - 72,550
All other Special Revenue Funds 4,822,790
Revenues and other sources on modified accrual basis 29,559,784 5,519,877
Expenditures and Other Uses:
Budgetary basis 29,385,587 612,754
Other Special Revenue Recreation Funds unbudgeted 67,196
All other Special Revenue Funds 4,597,428
Encumbrances [net) 374,372
Expenditures and other uses on modified accrual basis 29,759,959 5,277,378
Revenues and other sources over (under) expenditures and
other uses on modified accrual basis t 1200,1751 It 242,499
E. Cash and Investments
For the purposes of the "Statement of Cash Flow," the City considers investments with
maturities of under 90 days at acquisition to be cash and cash equivalents.
Investments are carried at cost which approximates market value except for investments in
the deferred compensation plan which are carried at market value. Interest earned on Investments
is recorded in the funds in which the investments are recorded.
F. Unbilled Receivables
The City accrues amounts for utii,ty services provided in September, but not biped at
September 30, 1996.
• I G. Inventories
inventories are valued at the lower of cost or market. Cost is determined using a moving
average method, No inventories exist in the governmental fund types.
H. Fixed Assets
Enterprise and Internal Service Funds- • -
Fixed assets are recorded at cost, including net interest during the construction period.
Contributed property is recorded at fair market value at the date of contribution. Depreciation is
recorded on each class of depreciable property utilizing the straight-line method over the estimated
I useful lives of the assets.
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Notes, City of Denton (Continued)
September 30, 1996
c
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Estimated useful lives are as follows.
Useful Life
Fixed Asset (Yearsl
ENTERPRISE FUNDS
Electric System
General assets - Structures 50
r
Equipment 5 20
Eiistnbution assets - Structures 50
Equipment 20 33
Transmission assets Equipment 20 33
Internal combustion assets - Structures 50
Equipment 13 - 20 I1
Steam power assets Structures So
Equipment 20 - 35
Water end W45fewafer System !I
Structures 50 I J
Water and wastewater mains 20 - 33
Equipment 10 - 20
Furniture and fixtures 10 I
Water Storage Rights 40 100
Sord Waste
Vehicles and equipment 10 {
I INTERNAI SERVICE FUNDS I l
VOucies and equipment 1 - 10
Renewals and betterments of property and equipment are capitalized, whereas normal repairs
and maintenance are charged to expense as incurred.
General Fixed Assets-
. i
General fixed assets are recorded as expenditures in the General, Special Revenue or Capital !
Projects Funds when acquired, Such assets are capitalized at cost or, the General Fixed Assets
Account Group. Significant gifts or contributions of assets are recorded in the General Fixed Assets
Account Group at the fair market value at the date of acquisition, Public domain linfrastructurel { I
general fixed assets consisting of streets, curbs, sidewalks, gutters and &aindge systems, are I E
M capitalized along with other general fixed assets. No depreciation is provided on general fixed assets. O 0
I. Property Tax Revenue
q Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on
October 1 and are due and payable at that time. All unpaid taxes levied October 1 become delinquent
February 1 of the following year,
24
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Notes, City of Denton (Continued)
September 30. 1996
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, 1996, the City had a tax margin of $1.95 per $100 valuation based upon
a maximum ad valorem tax of $2.50 per $100 valuation imposed by Texas Constitutional law.
Additional revenues upto $39,931,908 could be raised per year based on the current year's assessed
value of $2,047,790,164 before the limit is reached.
J. Compensated Absences
The City allows employees to accumulate unused vacation up to forty days. Upon termination,
any accumulated vacation time will be paid to an employee. Generally, sick leave is not paid upon
termination except for firemen and policemen. Firemen 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, , 996, the liability for accrued variation leave and accrued sick leave is
approximately $4,426,459. the amounts applicable to the Enterprise Funds ($727,974) and Internal
Service Funds ($40,016) have been recorded in those funds, and the amount applicable to other funds
($3,658,409) has been recorded in the General Long-Term Account Group. The amount expected to
be paid from current available financial resources is not significant.
K. Comparative Data
Comparative totals for the prior year have been presented in the accompanying general
J purpose financial statements In order to provide an understanding of changes in the City's financial
position and operations. However, comparative data (presentation of prior-year amounts by fund type)
in each of the statements have not been included, since their inclusion would make the combined
statements unduly complex and difficult to read.
In certain cases, the amounts previously reported in 1995 have been reclassified in order to
conform to the 1996 presentation.
L. 'Memorandum Only" Total Columns
Total columns on the combined statements are captioned as 'memorandum only' to indicate
that they are presented only to facilitate analysis. Data in these columns do not present financial
position, results of operations or cash flows in conformity with generally accepted accounting
principles. This presentation does not represent a consolidation. Interlund eliminations have not been
made in the aggregation of this data
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Notes, City of Denton (Continued)
September 30, 1996
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12) CASH AND INVESTMENTS
In order to facilitate effective cash management practices, the operat,ng cash and certificates
of deposits of all funds, except for the deterred compensation fund, are pooled into common accounts i
for the purpose of increasing income through combined investment activities. At year end, the
carrying amount of the City's deposits icash and certificates or deposit) was $16,189,188, and the
bank balance was $909,387. Federal depository insurance or the fair value of collateral held by the j
City's agent in the City's name exceed in total the City's bank deposits (cash and certificates of f
deposit) at year-end.
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, II
repurchase agreements, municipal pools, municipal securities, and certificates of deposit. The
investments reported at September 30, 1996 are similar to those held during the fiscal year.
At September 30, 1996, the City's Investments (U.S. Treasury and Agency Securities and f
Municipal Securities) are Insured or registered or the securities are held by the City or its agent In the
City's name. As of September 30, 1996, the City's investments are as follows: EE
I~
Category 3 Par Cost Market Value
i
U.S. Treasury Securities S 68,110,761 $ 63,350,000 $ 68,110,761 $ 69,101,975 I
U.S. Agency Securities 38,587,755 38,630,000 38,587,755 38,980,569 I
Municipal Securities 4,497,198 4,500,000 4,497,198 4,446,563
Total Securities $111,195,714 $111,480,000 $111,195,714 9112,529,107
Municipal Pool (Texpool) 8,280,000 8,280,000 8,280,01)0
Municipal Pool (Logicl 2,000,000 2,000,000 2,000,000
Certificates of Deposit 86,494 86,494 86,494 86,494 I
Deferred Compensation
Investments 2,503,102 2,503,102
Total $111,282,208 $121,846,494 $124,065,310 $125,398,103
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Notes, City of Denton (Continued)
September 30, 1396
(31 FIXED ASSETS
General Fixed Assets.
General fixed assets balances and transactions for the year ended September 30, 1996, are
summarized below:
k Balance Balance
October 1, Transfers) Transfers/ September 30,
1995 Additions Deductions 1996
f
Land $ 5,275,689 3 $ 1 5,275,689
Buildings 17,527,931 1,856,378 1639,9401 18,744,369
Streets 57,815,138 4,017,406 61,832,544
Machinery and equipment and
other imr ovements 10,874,137 2,061,265 1332,6041 12,602,798
Construction in progress 10,925,652 4,253,161 15,072,4691 10,106,344
Total $102,418,547 112,188,210 $(6,045,0131 1108,561,744
Investment in General ll
Fixed Assets• 1
From bond issues 1 73,870,444 4 9,325,630 $15,072,469) 1 78,123,605
f From current revenue 10,631,071 1,03,039 1972,544) 11,551,572
84,501,521 11,218,669 18,045,013! 89,6751177
FromcontribuUons 17,917,026 969,541 1a,886,567
Total 1102,418,547 $12,188,210 118,045,013! $108,561,744
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Notes, City of Denton IContinuedl
September 30, 1996
General Fixed Assets by function and activity as of September 30, 1996 are summarized as
follows:
Mach.lEquip, and
l
Other
Total Land l iIC'mpe Streets Improvements
E
GENERAL GOVERNMENT: ~ 1I
ParLe 4 9,554,735 12,412,800 1 5,440,026 1 11,701,909
Level 81,669 iii
Municipal Court 16.118 16,118
Human Resources 59,906 59,906
CMOUSED 1,038.729 262,304 732.000 44,425
Facility Manstierr i 10,298,3511 2,600,585 7,089,950 607,833 1
Library 3,951,202 - 892,400 - 3,058,802
South Brenrh Library 700,520 700,520 ~
Planninolco 116,395 11111 1 j I !
Inspections 47,612 - 47,612 I
Main street 3,146 3,146
Total General Gevenmant 25,868,300 5,275,689 14,154,376 6,438,235 E
PUBLC WORKS:
Traffic Engineering 3,617,516 - 35,050 418,529 3,163,937
Engineadno 176,557 176.557 I
Code Enlorcani 14,650 - - - 14,650 ( I
Streets 56,360,805 55,351,791 9,014 IIII
street Sweeplngibtainage 3,811,810 - 3,785,065 15,745
Airport 2,186,842 - 850,110 1,267,159 69,573 f !i
Erw,rorvnemal Health Services 3,000 - 3,000
Animal Conlrol 411,552 386,002 24,750
Total Public Works 166,582,732 1 1 1,271,962 161,832,544 13,471,226 11
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...._--_Il,,c>rsr,te~~eosaas~,
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Notes, City of Denton (Continued)
September 30, 1996
I
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Mech,/EQuip• and
Other
Total Lend Buildings StreV, Improvements
(wntinuedl
EINANCE'.
Finance Administration 1 31,683 1 - 1 - e 1 31,683
I
Customer Service 149,508 - - 149,508
Purchasing 12,849 - - - 12,848
Internal Audil 13,713 - 13,713
Budgst 1,884 - 1,864
Treasury 40,177 40,177
Accounting 66,884 66,884
Municipal Court Clerks 51,911 - - 51,911
Tax 12,275 12,275
Adminbtretive Services 95,998 - - 95,990
f Information Services 413,263 - - 413,263
Total Finance 890,124 890,124
` AMAC SAFEFY:
f Fire AdministraYnn 129,197 - 129,197
1 Fire Operations 3,155,840 2,823,531 332,309
(I Fin Preventron 13,932 13,932
Emergency Medlcel 151,712 - - 151,712
Police 1,663,563 - 494,500 - 1,169,053
Total Puhlle Solely 5,114,244 - 3,318,031 - 1,796,213
Ccnitiotion in F-ogress 10,106,344
i TOTAL 1100,561,744 15,275,689 110,744,369 161,832,S44 It2,602,798
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Notes, City of Denton (Continued)
September 30, 1996
Changes in general fixed assets by function and activity for the fiscal year ended i
September 30, 1996 are summarized as follows:
General General f
Fixed Assets Transfer/ Fred As"Ti i
1011195 Aldislorre Deductions 9730196__
GENFRAL GOVFRNMEN7:
Parks 1 7,327,350 42,227,385 $ 1 9,554,735
lrgal 59,914 21,6555 81,569
Municipal court 9,542 6,576 16,119 i
Mumen Reseuaces 53,419 6,467 59,906
CMOWSED 1,037,254 1,475 1,03x,729 i
Fi ity Menegemmt 10,361,9d0 576,328 (639,9401 10,29E,368
Library 4,109,471 174,335 1332,504) 3,951,202 i
South Branch Library 91,255 609,265 700.520
Pie lningrCD 74.977 41,418 116,395
Inspections 47,612 - 47,612 I (k
Main Si 3,146 3,146 -
Tatar CanarelCavemmant 23,175,920 3,664,924 1972.5441 25,969100 i
PUBLIC WORXS.
Traffic Engineering 3,091,211 526,245 3,617,516 j
Engineering 170,953 5,704 176,657
Code Enlotcemenl 14,650 14,650
Sheets 53,797,992 2,563,913 56,360,905
Sweet Sweeping!Drelnege 2,767.651 1,044,159 3,811,810
Airport 2,186.642 - 2,185.842 i
Enwonmenler Haal;h Services 3,000 - 3,000
Animal Contwl 411,552 - 411,552
• Total Public Wwks 162,443,1111 14,139,921 1 166,582,732
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Notes, City of Denton (Continued)
September 30, 1996
I
Generd General
Fixed Assets Transferal Fixed Assets
101155 Additions Deductions 8130196 - '
3 (contimed)
' MAW:
Finance Adminstration 9 23,572 8 8,110 1
Customer Service 127,373 22,135 149.508
Purchasing 9,200 3,648 12,848
Interntl Audit 17,713 13,713
Budget - 1,864 1,661
Treasury 35,450 4,727 40,177
Accounting 62,023 4,861 66,864
Municipal Court Clerks 49,435 2,478 51,911
Tax 12,275 12,275
Administrative Services 88,301 7,697 95,998
Inlormetion Services 407,841 5,422 413,263
k To.rI Finance 829,164 60,940 890,124
PUBLIC S ril
Fire Administration 129,167 121,197
Fire Operations 3,151,193 4,647 2,155,840
Fire Prevention 10,669 3,263 13,932
Emargancy Madlaal 147,146 4,566 151,712
Pollice 1,605,775 $7,788 1,663.563
Total Public Btaty 5,043,600 70,2e4 - S,114,241
Conslruction in progress 10,825,552 4,253,161 (5,072,469) 10,106,344
TOTAL $102,418,547 $12,T1111,210 1(6,045,0131 1108, 661.744
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NotEs, City of Denton (Continued)
September 30, 1996
Construction in progress is composed of the following: t
Project Expended to I
Appropriation September 30, 1995 Convnitted
Airport Improvement 1 3,101,681 1 3,101,881 6
GIs Computer System 1,284,304 1,214,941 69,363
Library 1,203.139 1,203,139
city Han West Renovations 141,346 108,765 32,661
Rails to Traib 67,000 14,900 72,100
Park Construction 300,000 287,728 32,272 i
Gty Hal Rencvetione 1,131,309 91,628 1,039,511 ( 1
Public safety Radio 78,409 75,409 111
Public Safety Computer System 1,314,534 1,228,75C 55184
Teasley Landscaping 78,121 77,629 192
Street end Bridge -
Elm 314,516 60,977 253,639
Locust 1,155,313 582,658 572,655
Engineering Street 45,750 21,274 17,476
Jim Christsl Road 1,003,370 1,003,370
Avon Road 1,053,924 88,598 365,226
FM 2499 Right-of-Way Acquisition 20,000 11.559 8,441
May'lin Bridge 8,218 392 7,1:6
Mayhin at Cooper Creek Bridge 20,000 2,696 17,304
Willowcrest Loop Drainage 50,000 1,445 48,555
Sidewalks 750,000 4,099 745,901
College and Second Streets 134,750 99,070 35,680
Shady Oaks end Woodrow lane 70,000 48,899 21,101 I j
OPTICOM 113.000 69,436 43,551
Willowwood &knsy7Side Nark 112,000 51,511 60,479 j,
Carron and Parkway Turn 35,000 14,072 20,928
MmgorrRuddeBMoltinghem 15,000 11,632 3,468
Redo Curb Medisna to OTC 15,000 253 14,747
1-35 at Mccormick Traffic signs? 55,200 22,829 32,371 I.
377 at Coulno Signal Corridor 1e,oo0 612 17,388
McKinney at Mdyhll Traffic Signal 34,500 6,749 27,751
U.S. 377 all-35 Improvement 2S,300 106 25,104
Lillian Miller Sidewalk Connection 23,768 14,915 8,853
CMAeJ - Eagle Drive Turn l ant 22,277 8,477 13,000 f
Drainage Study • Pecan Creek 48,090 48,398 S92 `
Audra Lane Asphalt Overlay 21,500 SI,Soo
Lattimore Asphalt Overlay 25,500 13,002 11,494
Old North 45,000 S49 44,451
Coronado, Massey, Mingo, Collier 117,000 62,222 54,771
Loop 281 - Rightof Way 27,013 20,965 48
Wdmort Right of Way 19,599 15,490 3,399
380Man Turn Signal 20,100 sea 19,414 I
Lillian M08r,Southridge Village 15,000 13,377 1,623
Turn Lanes Engineering Fees 10, Do0 4,712 5,288
Lcop :18 - Right of Way 14,491 14,490 1
UMC Perking lot 48,840 36,975 11165 I
Alice at Panhandle 100000 85,448 4,552 i
Kerrey Street Culvut 330,000 13,151 316,149
Pecan Creek Drainage 260,000 40,736 219,264
Mae. Drainage Copital Improvements 68,000 12,510 S5,490
College and Vine Drainage 20,000 13,118 6,182 I
Traffic Signals 199,000 12,034 181,966
• Loop 208 Bypass Right-of Way 325,000 709 324,291 I •
Nottingham iMngo to Audral 260,000 2,629 251,371
Street Construction 150000 36,908 113,092
Mingo Rood RepsvingiShoulder 140.000 lee 139,834
Flow Arco Repaving and Comers .60,000 92,976 167,024
Southeast S,dewarka 55.000 17.674 3U26
Total 116.391152 110„6.344 16.286.808
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Notes, City of Denton (Continued)
September 30, 1996
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Enterprise and Internal Service Funds-
The City conducted a comprehensive inventory and analysis of historical cost of fixed
assets in fiscal year 1993. As a result, the City corrected the fixed assets cost and accumulated
depreciation balances of the Enterprise Funds in fiscal year 1995 through a prior period adjustment
to beginning retained earnings. The cumulative effect of the prior period adjustment was to
increase beginning retained earnings and fixed assets of the Enterprise Funds in fiscal year 1995
k by $1,497,106. Fixed assets of these funds are as follows:
September 30
1996 1995
Utility System-
i
Land and land rights $ 1,856,227 $ 1,846,562
Water storage rights 67,715,402 67,433,042
Electric plant and equipment 103,603,321 99,544,849
Water plant and equipment 46,723,364 45,468,078
Wastewater plant and equipment 52,729,722 51,164,132
272,628,036 265,456,763
Less - Allowance for depreciation (106,017,909) (100,1161190)
166,610,127 165,340,573
Construction in progress 4,749,191 3,495,972
} Total fixed assets - Utility System $171,359,318 $168,836,545
Solid Waste-
Land end land rights $ 6,596,378 $ 4,643,695
Vehicles and equipment 1,648,331 1,411,776
I 8,244,709 6,055,471
Less • Allowance for depreciation 12,438,931) (2,300,412)
5,805,778 3,755,059
! Construction In progress 137,058
i
Total flxeJ assets - Solid Waste $ 5,942,836 $ 3,755,059
Internal Service-
Land and land rights $ 183,806 If 183,806 f
! Vehicles and other assets 17,497,386 16,073,914 • •
17, 681,192 16,257,720
less • Allowance for depreciation 111,550,877) 111,424,554)
I Total fixed assets - Internal Service $ 8,130,315 $ 4,833,11 Fe
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Notes, City of Denton (Continued)
September 30, 1996
IG
(4) LONG-TERM LIABILITIES
Long-term liabilities transactions for the year ended September 30, 1996, are summarized as
follows:
I
Balance at Retired Eatance at
October 1, and September 30,
1995 Issued Transferred 1996 4
General tonq-Term LJabditlea
General Obligation bonds 1 22,543,453 1 2,515,000 S 2,737,630 1 22,320,823
Certificates of Obligation 4,689,668 1110,000 811,888 4,067,780
Obligations under capital leases 60,450 51,915 8,535
Accumulated unpaid compensated
absences 3,387,659 270,750 3,658,409 ~I
Tolalgesrr IJdnq-ferm6abbr'fks 30,681,230 2,975,750 3,601,433 30,055,547
Adprktary fund Types
Utility System revenue bonds 54,395,000 39,260,000 4,385,000 89,270,000
General Obligation:
General Obligation Bonds 104,045 15,390 88,655
General Obligation Bands:
ipledged by Solid Waste
revenues) 584,233 81,981 502,2S2
Certificates of Obligation 5,815,332 5,000,000 608,112 10,207 420
Obligations under capital leases 337,680 2,480 228,711 111,444 {
Accumulated unpaid compensated
absences 702,259 65,791 768,050
Note payable 64,896,392 282,360 33,905,093 31,273,659
Tofalproprielary fund l ypes 126,834,941 44,610,631 39,224,287 132,221,285 1
•
Total long-term aabllitles 1157,516,171 047,588,381 142,825,720 6162,278,832 ~
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Notes, City of Denton (Continued)
September 30, 1996
I
General Bonded Debt-
General bonded debt at September 30, 1996, is comprised of the following:
Amount
Outstanding at
Interest Rate Final Original Amount September 30,
Bonded Debt M Issue Date Maturity of Issue 1996
General Obligation Refunding 7.70 to 8.00 1985 2004 $5,171,730 $1,436,730
General Ohligation 6.40 to 9.40 1987 2007 1,225,000 525,000
General Obligation 6.50 to 9.50 1988 1998 1,075,000 375,000
General Obligation 9,00 to 9,50 1989 1999 1,265,000 565,000
General Obligation 5.55 to 6.50 1992 2012 2,630,000 2,390,000
General Obligation 4.65 to 7.50 1993 2013 2,975,000 2,550,000
General Obligation Refunding 3,00 to 5.40 1993 2009 13,315,000 10,945,000
General Obligation Refunding 5.75 to 8.50 1995 2015 1,610,000 1,610,000
General Obligation 5.40 to 7.40 1996 2016 2,515,000 2,515,000
Total General OVI;ation Bonds 31,781,730 22,911,730
Certificates of Obligation 600 to 9.00 1987 2007 150,000 50,000
Certificates of Obligation 6.00108.00 1987 1997 111001000 125,000
Certificates Of Obligation 6.60 to 9.60 1989 1999 1,155,000 150,000
Certificates of Obligation 6.00 to 9.00 1989 1999 11550,000 525,000
Certificates of Obligation 4.40 to 7.40 1992 2007 1,325,000 545,000
Certificates of Obligation 4.20 to 5.30 1993 2003 1,450,000 600,000
Certificates of Obligation 4,40 to 7.40 1994 2014 2,705,000 2,430,000
Certificates of Obligation 4.30 to 7.30 1994 2005 3,220,000 2,660,000
Certificates of Obligation 5.25 to 8.25 1995 2015 2,000,000 2,000,000
Certificates of Obl gation b.00 to 7.00 1996 2016 5,190,000 5,190,000
Total Other General Bonded Debt 19,845,000 14,275,000
Total General Bonded Debt $51,626,730 437,186,730
• 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 r
I expenses. The general obligations are collateralized by the full faith and credit of the City and,
primarily, payab. from property taxes.
In prior years, the City defeased general obligation bonds by placing the proceeds of new
bonds in an irrevocable trust to provide for all future debt service payments on the old bonds.
• Accordingly, the trust account assets and liabitlties for the defeased bonds are not included in the O O
City's financial statements. On September 30, 1996, 66,875,000 of bonds considered defeased are
still outstanding.
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Notes, City of Denton (Continued)
September 30, 1996
I(
Revenue Bonds-
Revenue bond debt at September 30, 1996, is comprised of the following issues:
i
Amount III
Outstanding at
Interest Rate Final Original Amount September 30,
Revenue Bonds M Issue Date Maturity of Issue 1996
Utility System Refunding 5.00 to 7.00 1987 2009 1 17,485,000 ! 1,230,000
Utility System 6.75 to 9.75 1988 2008 3,500,000 525,000
Utility System 6.00 to 9.00 1939 2009 20,000,000 8,400,000
Utility System 5.80 to 8.75 1992 2014 4,500,000 4,385,000 i
Utility System 5.00 to 7.50 1993 2013 6,575,000 5,365,000 i
1, ility System Refunding 2.50 to 5.40 1993 2009 27,085,000 25,455,000 !
Utility System Refunding 3.55 to 6.75 1993 2007 6,045,000 4,650,000
Utility System Refunding 5.30 to 7.80 1996 2024 36,510,000 36,510,000
Utility System 5,30 to 7.40 1996 2016 2,750,000 2,750,000
$124,450,000 $89,270,000
I'
The City has the option to retire at par all or a portion of the bonds prior to maturity on or after
December 1, 1993.
The revenue bonds are collateralized by the revenue of the Utility System and the various j
special funds established by the bond ordinance. The ordinance provides that the revenue of the
System Is to be used first to pay operating and maintenance expenses of the System and second to
establish and maintain the revenue bond funds. Any remaining revenuzs may then be used for any
lawful purpose. The ordinance also contains provisions which, among other items, restrict the
issuance of additional revenua bonds unless the special funds noted above contain the required
amounts and certain finan;:ial ratios are met. The City Is in compliance with all significant f
requirements. Below is a summary of the various restricted asset accounts required by the bond
ordinance as of September 30, 1996:
I
Interest and Sinking Fund 410,660,020
• Reserve Fund 5,187,316
Emergency Fund 250,000
Extension and Improvement Fund 4.136.174
520.233.510
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Notes, City of Denton {Continued)
September 30, 19.16
Assets in these accounts consists of cash and U.S. government securities. Related liabilities
and retained earnings are as follows:
Payable from restricted assets.
Accrued interest $ 1,888,852
Revenue bonds payable, current 5,380,000
Retained earnings reserved for bond retirement 12.802.157
3 320.071.009
In addition, the City has established a reserve fund to pay for General Obligation bonds pledged
by Solid Waste revenues of $301,100.
In prior years, d,.- City defeased revenue bonds by placing the proceeds of new bonds in an
irrevocable trust to t ;de for all future debt service payments on the old bonds. Acc 1 singly, the
trust account asset, 1 liabilities for the defeased bonds are not included in the City's financial
statements. On September 30, 1996, $32,865,000 of bonds considered defeased are still
outstanding.
{ Note Payable
In 1980 the City and the City of Dallas contracted with the Corp of Engineers for the
construction and development of Ray Roberts Reservoir in Denton County. In contracts with the Corp
of Engineers, the City will pay for twenty-six (26%) per cent of the estimated water storage rights
of the reservoir. Water obtained from the Reservoir will be pro rata on the basis of each city's
` proportional share of total construction cost. The closing of the dam was completed in 1987 with
f water being available from the Reservoir in 1989. The City's estimated total cost of water storage
rights at September 30, 1996, was $67,465,338. Of this amount, the future use currently estimated
l at $28,943,682 at September 30, 1996 is financed by the Corp of Engineers. In May 1996, the City
issued $36,510,000 in Utility System Hefunding Bonds, with an interest rate of 6.0811 IV , to advance
refund $36,031,777 of outstanding debt related to present demand of water storage rights and the
recreation facility originally financed through the Corp. Net proceeds of $34,839,670 (after the
payment of $1,670,330 in underwriting fees, insurance and other issuance costs) were paid to the
Corp of Engineers to satisfy the outstanding present demand and recreation debt,
The City completed the advance refunding to reduce its total debt service payments over the
next 29 years by $42,188,181 and to obtain an economic gain (difference between the present values
of the old and new debt servlcir payments) of $ 7,256,115.
No principal or interest payment with respect to this storage for future water supply is required
• to be made during the first ten 11 W years following 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 allocated thereto, plus Interest
applicable to such portion as provided, will be due and payable on tie 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 150)
consecutive annual payments.
• O •
The City is also responsible for twenty-six 126°ol per cent of the cost 31 any major capital
replacement facilities required The City will also be required to pay the Corp twenty-sin (26%) per
cent of the annual experienced operation and maintenance costs I )r specific water supply facilities
at the Reservoir.
Aggregate maturities of the long-term debt (principal and interest) for the years subsequent
to September 30, 1996, are as follows,
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Nntes, City of Denton {Cominuedl '
beptemb,.r 30, 1996
I
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Bonds ~
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General
Fiscal Year Obligations Revenue Notes Payable Capital Leases Total _
1997 1 6,519,857 / 10,660.014 1 34,811 1 97,735 1 17, 312, 417
1998 5,916,490 10,096,317 2,030,253 16,299 18,061,369 I
1999 5,295.166 8,962,028 2,008,3(j8 15,499 16,281,001
2000 4,904,639 10,388,346 2,008,308 15,301,293 44 tk`
2001 4,534,390 7,944,181 2,008,308 14,486,879 Ei
2002-2006 15,818,984 36,180,198 10,041,540 62,140,722 ffff 111
2007.2011 8,007,265 28,279,033 10,041,540 46,327,838 `
2012.2016 4,574,519 16,600,707 10,041,540 31,216,766
2017.2021 12,397,119 10,041,540 23,038,659
20222048 10,222,200 54,492,260 64,714,460
Total principal 55,571,310 150,432,153 102,748,408 129,533 308,881,404
And interest
Less applicable
interest it 8,384,560) (61,162,1531 1? 1,474,7491 19,5491 1151,031,031)
Total principal 1 37.186,730 1 e9,270,000 s 31,273,659 1119,984 1 157,850.373
Bondi Authorized and Unissued
General obligations bonds authorized but unissued as of September 30, 1996, amounted to
$27,357,000. When Issued, the proceeds wit be allocated to the applicable Capital Projects Funds. ,
(5) LEASES !f
Leases payable represent the remaining principal amounts payable under lease purchase h
agreements for the acquisiticn of vehicles, copier equipment, computer hardware and other
equipment, These leases are recorded as capital leases. The vehicles, copier equipment and the
• landfill vehicles are recorded in the Proprietary Fund Types, and the computer hardware and other 'i
equipment are recorded in the General Filled Assets and General Long-Term Liabilities Account Groups.
Remaining requirements, including interest, under these leases are as 'ollovvs:
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Notes, City of Denton (Continued)
Spntem6ir 30, 1996
General
ProatiFtary Long-Term
Year Fund Types Liabilities
1997 $ 68,986 S 8,749
1998 16,299
1999 15,499
2000
120,784 8,749
Less • Applicable Interest (9,335) 1214)
Net Present Value $ 111,449 S 8,535
(6) PENSION PLANS
Texas Municlpat Retirement Plan:
Plan Description-
The city provides pension benefits for all of its full-time employees (except firefighters) throuqh
a nontraditional, joint contributory, defined contribution plan in the statewide Texas Munn r '
Retirement System ITMRS), one of over 670 administered byTMRS, an agent multiple- employer public
employee retirement system. It is the opinion of the TMRS management that the plans in TMRS are
substantially defined contribution plans, but they have elected to provide additional voluntary
disclosure to help foster a better understanding of some of the 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 t2009'e) 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
bagan, would be the total monetary credits and employee contributions accumulated with interest if
the current employee contribution rate and city matching percent had always been in existence and
• if the employee's salary had always been the average of his salary in the last three years that are one
year before the effective date. At retirement, the benefit is calculated as if the sum of the employee's
accumulated contributions with interest and the employer. financed monetary credits with interest
were used to purchase an annuity.
I Members can retire at ages 60 and above with ten or more years of service or with 25 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 0 O
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.
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Notes, City of Denton (Continued)
September 30, 1996
Contributions-
The contribution rate for the employees is 6%, and the city matching percent is currently
200%, both as adopted by the governing body of the city. Under the state law governing 1 MRS, 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 j
percent of payroll from year to year, [he normal cost contribution rate finances the currently accruing
monetary credits due to the city matching percent, which are the obligation of the city as of an i
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 retirement becomes effective. The prior service contribution
rate amortizes the unfunded actuarial liability over the remainder of the plan's 25-year amortization
period. When the city periodically adopts updated service credits and increases in annuities in effect,
the increased unfunded actuarial liability is to be amortized over a new 25-year period. Currently, the
unfunded actuarial liability is being amortized over the 25-year period which began January, 1996.
The unit ci edit actuarial cost method is used for determining the city contribution rate. Contributions
are made monthly by both •i r - ^ptoyees and the city. Since the city needs to know its contribution
rate in advance to budget r,r A there is a one-year lag between the actuarial valuation that is the
basis for the rate and the , IC ,:rr ear when the rate goes into effect.
The city's total payroll in fiscal year 1996 was $30,454,079 and the city's contributions were
based on a payroll of $26,353,340. Both the city and the covered employees made the required
actuarially determined contributions, amounting to $3,998,615 17.99% of covered payroll for the
months in 1995, 6,36% or $382,315 city-contributed normal cost plus employee-contributed normal
cost of $352,295 and 1.63% or $97,981 to amortize the unfunded actuarial liability, and 9.26% for
the. months In calendar year 1996, 7.14% or $1,493,519 city-contributed normal cost plus employee- I
contributed normal cost of $1,228,905 and 2.12% or $443,600 to amortize the unfunded actuarial
liability). The city ado{ W changes in the plan since the previous actuarial valuation, which had the i
effect of ircreasing the city's contribution rate for 1996 by 0.06% of payroll. There were no
related-party transactions,
Funding Status and Progress- f '
Even though the substance of the city's plan is not to provide a defined benefit in some form,
some additional voluntary disclosure is appropriate due to the nontraditional nature of the defined
contribution plan which had an initial unfunded pension benefit obligation due to the monetary credits
granted by the city for services rendered before the plan began and which can have additions to the
unfunded pension benefit obligation through the periodic adoption of increases in benefit credits and
benefits. Statement No. 5 of the Governmental Accounting Standards Board (GASB S1 defines
0 pension benefit obligation as a standardized disclosure measure of the actuarial present value of
pension benefits, adjusted for the effects of projected salary increases, estimaled to be payable in the
future as a result of employee service to date. The measure is intended to help users assess the
funding status of public employee pension plans, assess progress made in accumulating sufficient
assets to pay benefits when due, and make comparisons among public employee pension plans.
Th, pension benefit obligation shown below is similar in nature to the standardized disclosure
• measure -equired by GASB 5 for defined benefit plans except that there is no need to project salary 0
increases since the benefit credits earned for service to date are not dependent upon future s71aCes.
The calculations were made as part of the annual actuarial valuation as of December 31, 1995. !
Because of the money-purchase nature of the plan, the interest rate assumption, currently 8.0% per I
year, does not have as much impact on the results as it does for a defined benefit plan. Market value
of assets is not determined for each city's plan, but the market value of assets for TMf1S as a whole
was 114.29a of Look value as of December 31, 1995.
40 -
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Notes, City of Denton (Continued)
September 30, 1996
Pension Benefit Obligation
Annuitants currently receiving benefits It 3,260,676
Terminated employees 3,449,865
Current employees
Accumulated employee contributions
including allocated invested earnings 16,229,603
Employer financed vestrd 22,943,304
Employer-financed nonvestod 4,271,071
Total 49,160,519
Not Assets Available Lx Benefits, at Book Value 37,689,286
Unfunded Pension Benefit Obligation 611,471,233 -
i k
The book value of assets is amortized cost for bonds and original cost for short-term securities {
and stocks. The actuarial assumptions used to compute the actuarially determined city contribution
j rate are the same as those used to compute the pension benefit obligation. The numbers above reflect
{ the adoption of changes in the plan since the previous actuarial valuation, which had the effect of
increasing the pension benefit obligation by 8217,264.
Trend In formaUnrf
_ Nona Year H'rsiorlcal Trend Information
Year December 31, December 31, December 31, December 31, December 31,
Ended 1987 1988 19119 1990 1991
Not Assets Available for
Benefits $11,643,689 614,146,080 $16,633,114 $19,345,511 $21,968,696
Pension Ber,eLt Obligation $13,665,302 $16,639,047 $19,319,318 $22,536,840 624,945,432
Percentage Funded 85.2% 85,0% 861% 851% 88.1%
l Unfunded Pension Benefit _
Obligation 1 2,021,613 $ 2,492,967 $ 2,686,204 $ 3,191,329 6 2,976,796
Annual Covered Payroll 416,535,036 $18,148,919 $18,947,816 $21,120,188 621,443,097
I Unfunded Pension 8enefa
Obligation as a Percentage
1 of Covered Payrcli 121% 137% 14.2% 15,1% 13,9% _
Il City Contribution to TMRS t 825,976 $ 968,005 6 1,020,272 $ 1,076,635 $ 1,156,035
Average City Rate 5.0% 6.3% 5.4% 5.1% 5.4%
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Notes, City of Denton (Continued!
September 30, 1996
Nine Year Historical Tiend Information lcontinued)
Year December 31, December 31, December 31, December 1,
Ended 1992 1993 1994 1995
Net Ascots Available for
Benefits $25,071,409 528,858,450 $32,534,014 $37,689,286
Pension BcnehtOhligatlen $28,911,481 $37,299,424 $42,764,413 $49,160,519
Percentage Funded 86.7% 77.4% 7609% 76.67%
Unfunded Pension Benefit
Otdigation 5 3,840,072 $8,440,974 $10,230,399 $11,471,233
Anouar Cosered Payroll $21,896,750 $23,501.218 $23,820,706 !26,355,'40
Unfunded Pension Benefit
Obligation as a Percentage
of Cored Payroll 17.5% 35.9% 42.9% 43.5%
City CcnirVbutian to TMRS ! 1,146.207 $1,611,637 $1,902,083 $2,417,415
Average City Rate 5.2% 6.9% 8.0% 3 2%
Trend information prior to 1987 is not available. Ten year trend information will not be shown
separately until one year of additional data have been accumulated.
Fireman's Relief and Retirement Plan:
The City provides pension benefits for all Civil Service employees of the Fire Department
through a defined contribution plan. The Board of Trustees of the Denton Fireman's Relief and
Retirement Fund is the administrator for the pension plan. The Pension plan Is not considered a part
of the City of Denton entity. In a defined contribution plan, benefits depend solely on amounts
contributed to the plan plus investment earnings. Fire employees are required to become a member
as a condition of employment. An employee becomes fully vested after 20 years of credited service.
City contributions for, and interest forfeited by, employees who leave employment before vesting are
redistributed to plan participants.
The City's total Fire Department portion of payroll in fiscal year 1996 was 114,205,937. The
City made the required contribution 19.0% for 1995 and 1996) amounting to $377,769. The covered 1
i employees made the required contribution 110% far 1995 and 1996) amounting 10 $420,594. Both
sources contributed $798,363 In total.
• I
(7) DEFERRFO COMPENSATION PLAN
The City offers its employees a deferred compensation plan created in accordance with Internal
Revenue Code Section 457. The plan, available to all permanent City employees, permits them to
` defer, urtil future years, up to 25% of annual gross earnings not to exceed $7,500. The deferred
F compensation is not available to employees until termination, retirement, death, or unforeseeable
• emergency. O •
All amounts of compensation deferred under the plan, all property and rights purchased with (j
those amounts, and all income attributable to those amounts, property, or rights are (until paid or
made available to the employee or other beneficiary) solely the property and rights of the City (without
being restricted to the provi;ions of benefits under the plan), subject only to the claims of the City's
general creditors. Participants' rights under the plan are equal to those of general creditors of the City l
42.
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Notes, City of Denton (Continued)
September 30, 1996
1
in an amount equal to the fair market value of the deferred account for each participant. Investments
(primarily cash and cash equivalents) in the deferred compensation plan are recorded at market value.
It is the opinion of the City's legal counsel that the City has no liability for losses under the
plan but does have the duty of due care that would be required of an ordinary prudent investor, The
management of the City believes that it is unlikely that it w;II use the assets to satisfy the claims of
general creditors at this time.
(8) SELF-INSURANCE PLAN
The City has established a self-insurance plan for workers' compensation benefits and general
liability. Accrued cia?ms payable Include provisions for claims reported and claims incurred but not
reported. The provisions for reported claims is determined by estimating the amount which will
i ultimately be paid each claimant. The provision for ctdims Incurred but not yet reported is estimated
base) on the City's experience.
The costs associated with the self-insurance plan t v reported as InterfurA transactions.
Accordingly, they are treated as operating revenues of the Internal Service Risk Petention Fund and
operating expenditures (expenses) of the other funds.
Workers' Compensation and General Llabil ty Insurance
It Is the policy of the City of Denton not to purchase commercial insurance for Workers'
Compensation claims. Commercial liability insurance coverage is purchased for public officials, airport,
emergency medical services, and after-school action site programs at Denis and Martin Luther King, Jr.
Recreation Centers. The City reports liabilities when it is probable that a loss has occurred and the
amount of that loss can be reasonably estimated liabilities Include an amount for claims that have been
Incurred but not reported. Because actual claims liabilities depend on such complex factors as inflation,
changes in legal doctrines and damage awards, the process used in computing claims liability does not
necessarily result to on t,xact amount
Claims liabilities are reevaluated periodically to take into consideration settlement of claims, new
claims and other factors. As of Septembnr 30, 1996, the estimated value of these liabilities was
$2,525,492, Changes In balances of claims liabilities during fiscal year 1996 were as follows:
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Notes, City of Denton (Continued)
September 30, 1996
Claims Liability Claims and Claims Liability I S',
Beginning of Change in Claims End of
Fiscal Year Estimates Payments Fiscal Year
Workers'
Compensation
j 1996 $373,522 S 239,020 $318,750 $ 294,392 ( I
I 1995 337,000 333,180 296,658 373,522
General Vabil%ry
1998 92,912,490 3 (281,620) $410,870 $2,220,000 j
1995 829,000 2,345,111 281,621 2,912,490 II
On September 30, 1996, the City of Denton held 93,143,531 in the Risk Retention Fund for I
payment of claims. There were no significant reductions In insurance coverage from coverage In the prior i
year and the amount of settlements did not exceed insurance coverage In the current year or In any of the
past three fiscal years.
(9) COMMITMENTS AND CONTINGENCIES
Agreement whit TMPA•
In 1976, the City, along with the cities of Bryan, Greenville and Garland, Texas (the 'Cities'>
entered Into a Power Sales Contract with the Texas Municipal Power Agency (TMPA). TMPA was
created through concurrent ordinances of the Cities and is governed by a Board of Directors consisting
of eight members, two appointed by the governing body of each city, Under the terms of the
agreement, TMPA agreed to construct or acquire electric generating plants to supply energy and
power to the Cities for u period of not less than 35 years. The Cities in torn agreed to purchase all
future power and energy requirements in excess of the amounts generated by their systems from
TMPA at prices Intanded to cover operating costs and retirement of debt. In the event that revenues
are insufficient to cover all costs and retire the outstanding debt, each of the Cities has guaranteed
a portion of the unpaid debt based, generally, upon its pro rata share of the energy delivered to
,:onsumers in tha prior operating year.
O As of September 30, 1996, total TMP/.debt outstanding was approximately 91,301,205,000 `
and the City's percentage is approximately 21 In the opinion of management, the possibility of a
material payment under this guarantee is remote in that TMPA is generating operating profits and
assets exceed liabilities.
TMPA operates a 452 megawatt lignite-fueled generating plant. In 1996, TMPA switched to 'I
an external sowce of lignite to reduce costs. Should TMPA be dissolved, each City would be entitled
O to an undivided interest In the property, O O
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Notes, City o l Denton (Continued)
September 30, 1996
1
Selected financial statement information of TMPA is as follows:
Seotember 30,
(Unaudited}
1996 1995
(000's) (000's)
Operating Revenues S 169,655 b 174,208
Operating Expenses 106,423 295,289
Operating Income (Loss) 63,232 1121,0811
Other Nonopersting (Uses) 162,4241 (80,924)
Current Assets 58,540 73,843
Total Assets 1,522,731 1,541,706
Long-Term Debt 1,301,205 1,321,025
I Total Liabilities 1,485,896 1,503,074
Total Equity 36,835 38,832
Agreement with the City of Daffas-
During 1985, the City entered into an agreement with the City of Da,tas which provides for
the purchase of a minimum of 500,000 gallonsldav of untreated water from the City of Dallas from
lake Lewisville. This contract will be effective for 30 years.
Lftigatian-
Various claims and lawsuits are pending against the City. In the opinion of City management
and legal counsel, the potential losses after Insurance coverage on all claims will not have a material
effect on the City's financial position as of September 30, 1996.
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Notes, City of Denton (Continued)
September 30, 1996 {
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(101 SEOMENr INFORMATION FOR ENTERPRISE FUNDS I I
Segment information for the year ended September 30, 1996, was as follows:
'I t
Utility System Solid Waste Fund Total_ . "
Operating Revenues 11 95,370,824 $6,441,090 4101,811,914
Depreciation 6,679,138 138,518 6,817,658
Operating Income 14,368,893 1,093,865 115.,r62.751?
Net Income 11,677,408 957,608 12,(35,01d
Current Capital Contributions: l
In aid of construction 927,219 927,219 l
Accounts Receivable:
Accounts receivable, gross 12,843,240 12,64,240
Allowance for uncollectibles 6,766,256 6,781,258
Accounts receivable, net 6,076,984 6,070.084 l
Property, Plant and Equipment i
Additions 7,171,273 2,189,238 9,360,1,11 E
Total Assets 288,098,997 14,203,232 302,302,279 f
Net Working Capital 10,279,623 1,288,119 11,567,742
Bonds Payable 89,270,001 8,984,553 98,254,554
Notes Payable 31,219,934 53,725 31,273,659
Total Equity 148,201,506 958,702 149,160,208
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Notes, City of Denton (Continued)
September 30, 1996
01) INDIVIDUAL FUND DISCLOSURES
i
Individual fund disclosures as of and for the year ended September 30, 1998, are as follows:
Interfund Receivables and Payebles:
Interfund Interfund Advances to Advances from
Fund Receivables Payables O"r Funds Other funds
Generst Fund 1 495,183 4 4,887,411 /
Special Revenue Funds:
Community Development Stock Grant
Recreation 33 485
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Criminal Justice 443 4,815
Library 13,242 2,727 J
Other 96,558 34,290
Oebt Service 4,581,882 3,721,196
Capital Project Funds:
Alrpor; Improvament 42,679 89,477
General Projects 446,698 51789
Street Tmprovement 1,088,484 229,874
Construction Projects 2,045,172 21,967
Other Capital Projects 472,948
Enterprise Funds
t Utility System 91063,110 8,368,227 4,831,784 4,000,000
tl Solid Waste 34,372 831,784
Internal Service Funds:
Warehouse 6,999
Fleet Services
Motor Poor 1,932
I` Risk Retention 2,706,768 3,749,895
•,v 1 Trust and Agency Funds:
Expendable Trust 6
Agency • Payroll 141
• Total $21,098,301 121,096,301 14,831,784 14,831,784
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Notes, City of Denton (Continued) k
September 30, 1996 {
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112} CONTRIBUTED CAPITAL I j
During fiscal year 1995.1996, contributed capital changed by the following amounts: ! J
Enterprise Funds Internet Service Funds 01
Utility System Total_ Motor Pool Total
Beginning balance • October 1 016,073,087 s 852,337 1 852,337
Contributions from customers 281,153 473,603 473,603
Contributions from developers 666,065
Depreciation 11,791,193) 1313,7421 1313,7421
114,209,117 $1,012,198 11,012,188 l
(11 The Working Capital Fund had no activity in contributed capital for the year ended I
September 30, 1996.
(13) CLOSURE AND POSTCLOSURE CARE COST
State and federal laws and regulations require the City to place a final cover on its Mayhill
Road landfill site upon closure and to perform cenaln maintenance and monitoring functions at the site
for thiny years after closure. Although closure and postclosure care costs will be paid only upon
anticipated closure, the City reports a portion of these costs as an operating expense In each period
based on landfill capacity used as of each balance sheet date. The 62,900,561 reported as landfill
closure and postotosure care liability at September 30, 1996, represents the cumulative amount
Incurred to data based on the use of 92.4% of the estimated 4apacity of the landfill. The City will
recognize the remaining estimated cost of closure and postclosui i care of 1237,269 as the remaining
estimated capacity is filled. These amounts are based on what it would cost to perform all closure
and postclosure care in 1996. The City expects to close the landfill in the year 1297. Actual cost
may fluctuate due to Inflation, changes in technology, or changes in regulations.
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Combining and Individual Fund Financial Statements
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CITY OF DENTON, TEXAS
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SUMMARY OF SPECIAL REVENUE FUNDS
Fun THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Community Development Block Grant (CDBG) • to account for the operations of projects utilizing
Community Development Block Grant Funds. Such revenues are restricted to expenditures for {
specified projects by the Department of Housing and Urban Development.
Recreation • to account for the revenues and expenditures for the recreation programs which are self-
supporting. All expenditures will be reimbursed 100%. Various business operations, such as
concessions, fall Into this account.
Crlminal Justice • to account for revenue received from the State of Texas Criminal Justice Division and
other grants administrated by the Police Department.
EmAyfowler Library -to account for fines, donations, memorials and gifts to the library that are restricted
to the Public Library,
All Other - to account for miscellaneous special revenue sources which are required to finance specific
activities.
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Comprehensive Annual FinAncial Report
S
CITY OF DENTON, TEXAS_ _
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COMBINING BALANCE SKET • ALL SPECIAL REVENUE FUNDS 1
SEPTEMBER 30, 1996 ff
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Community
Development Criminal
ASSETS Block Grant Recreation Justice
Cash and deposits $216,497 $433,556 $ 7,016
Investments
Receivables Inert of allowances for uncollectiblest • l {i
Accrued interest 103 1621
Other $2,547 4,103 39
Due from other funds 33 443
Due from other governments 318,895 57,708
Prepaid items
Total Assets $588,042 $437,630 166,206 I f
f
LIABILITIES AND FUND BALANCE
Llshiltties:
I
Accounts payable and accwed liabilities $321,097 4181,870 $60,391
Due to other funds - 485 4,815
Other liabilities 2,615
Deferred revenues 251,944 4,574
TotalUabliitias 575,E 56 166,929 65,206
Fund Balance:
Reserved for Encumbrances 160,016 3,601
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Unreserved 1147,6301 247,100
Total . vnd Balance , 17,386 260,701 i
Total Liabilities and Fund Balance $568,042 $437,630 $65,206 1
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Comprehil Annual Financial Report a
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CITY OF DENTON, TEXAS
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Totals
Emily Fowler All
Library Other September 30, 1998 September 30, 1995
$23,912 $1,269,307 $1,950,288 $1,811,033
- 495,$13
17 309 367 10,720
485 107,288 164,462 94,332
13,242 96,666 110,274 79°,100
21,976 261,407 659,988 713,775
150
$59,634 11,734,667 $2,885,379 $3,921,623
1 44,003 1 410,635 $1,017,996 $1,659,842
2,727 34,290 42,317 760,172
47 2,662 29,307
2,821 259,339 151,736
46,730 447,793 1,322,314 2,601,057
15,490 44,723 223,830 216,702
12,5861 1,242,351 1,339,23$ 1,043,864
12,904 1,181,074 1,563,065. 1,320,566
• $69,634 111.734.661 $2,985,379 13,921,623 f
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51
- Comprehanelve Aanuel Financial Report
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CITY OF DENTON. TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES • I i
ALL SPECIAL REVENUE FUNDS I
FOR THE FISCAL YEAR ENUE11 SEPTEMBER 30, 1996
Community 1
Development Criminal
Biock Grant Recreation Justice
REVENUES:
Fees for services 1 1816,825 1 S .
Interest revenue 47,191 7,712
Intergovernmental 1,842,337 29,661 135,805
Miscellaneous 40,077 7,484 53,145 ( f
Total Revenues 1,929,605 661,682 1188,950
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EXPENDITURES ~
Current.
General government 1,878,600 j
Public safety 234,428 f
Parks and recreation 609,646
Capital outtay 2,547 39,100 I) j
Tots? Expenditures _ 1,881,147 648,746 234,428
EXCESS OF REVENUES OVER IUNDERI i
EXPENDITURES 48,458 12,936 145,4781
I
OTHER FINANCING SOURCES IUSESI:
Proceeds of long-term debt
Operatm2 Transfers In 35,405 45,478
Operating Transfers (Out) 148,5851 131,2041
Total Otbar Financing Sources (WaO 149,5851 4,201 45,478
EXCESS OF REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES AND OTHER
. USES 11271 17,137 i
FUND BALANCES • October 1 12,513 233,564
FUND BALANCES • September 30 1 12,386 1250,701
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Comprehensh. a Annual Flnanclal Report
•
CITY OF DENTON, TEXAS
4 i
Totals
Year Ended
Emily Fowler All
Library Other September 30, 1996 Sepleinber 30, 1995
60,983 1 39,776 4 707,583 602,670
2,376 30,818 88,097 44,761
51,265 776,512 2,834,580 2,241,222
20.643 1,467,215 1,588,764 588,371
125,467 2,313,320 6,219,024 3,475,024
111,606 1,676,648 3,666,764 2,381,731
20,667 254,995 111,702
- 509,646 536,535
{ 78,070 314,491 434,208 505,095
} 189,576 1,911,706 4,865,603 3,535,063
(64,1091 401,614 353,421 (60,039)
219,970 300,853 161,063
2,1641 1329,832; (411,775) (236,2541
12,1541 (109,662) 1110,922) 17$'191f
• I 166,263; 291,752 242,499 1135,2301
79,167 995,322 1,320,666 1,455,796
I 4 12,904 11,287,074 41,663,065 $1,320,666
63•
Comprahansiv4 Annual Financial Report
• ei~ •
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CITY OF DENTON, fi i S
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- Compnhenelve Annual Financial Report yP
{ CITY OF DENTON, TEXAS
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SUMMARY OF CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 5996
AIrporf Improvement Grant Furl - to account for FAA Grant in aid for runway extension and al.port
development.
Genera/ Projects Funds - to account for investing nonrecurring funds in capital plant expansion or
improvements, extraordinary maintenance projects, facility construction orother large nonrecurring
projects, funded by operating revenues.
Street Improvement Fund - to account for repairs and rehabilitation of city streets funded by grants and
bond proceeds.
WiNiams Square Fund - to account for paving downtown parking lot to provide parking lot in central
iI business district funded by bond proceeds.
Construction Projects fund • to account for major rehabilitation and construction of facilities funded by
bond proceeds.
f Other - to account for miscellaneous capital revenues and expenditures.
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Comprehensive Annual Financial Ramt
ONE,
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CITY Of DENTON, TEXAS__
COMBINING BALANCE SHEET • ALL CAPITAL PROJECTS FUNDS I I
SEPTEMBER 30, 1996
fJf -
Airport Street
.I
ASSETS Improvement Grant General Projects Improvements Williams Square
Cash and deposits 1 42,519 $2,171,542 1 677,804 112,560
Investments 498,278
1
Receivables Inet of allowance
for uncoltecublesl:
Accrued Interest 1,998 8,350
Other receivables 78,060 E -
Due from other funds 42,579 446,698 1,088,484 1
Due from other governments 32,067 31,106
Total Aeelt $117,165 $2,620,238 12,282,102 -_112,560
LIABILITIES AND FUND I I
BALANCES -
Liabilities: I.
Accounts payable an4
accrued liabilities If 25,739 1 603,405 1 43,919 1 I
Retainage payable
Due to other funds 89,477 5,189 21,967
Deterred reven es 1,949
total Lla iliee 117,165 609,194 66,886
Fund Balances:
II ,
Reserved for encumbrances 369,001 3,919
Reserved lot capital I I i,[
projects 1,642,043 2,212,297 12,560
Total Fund Balance 2,011,044 2,216,216 12,560
Total Llabllitles and I I
Fund Balances $117,165 12,620,238 12,282,102 112,560
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Comprehansivs Annual Financlal Report
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_ CITY OF DENTON, TEXAS-
Totals
Construction
Projects Other September 30, 1998 September 30, 1995
3 141,864 t 15,473 12,961,762 1 2,267,069
1,471,412 1,969,690 6,789,012
2 6,057 36,405 104,577
• 78,080 99,041
4 2,045,172 472,848 4,095,781 $84,255
234,718 297,891 651,901
$3,684,505 $723,039 $9,439,609 $10,495,875
4
$ 22,293 $397,082 $1,092,438 $ 2,356,463
1,849 41,152 43,001 89,563
229,874 347,107 $59,040
1,949
254,016 438,234 1,484,495 3,005,066
48,120 32,001 453,041 152,602
3,382,369 252,804 7,502.073 6,738,207 1
• I 3,430,489 284,805 7,955,114 7,490,804
63,684,505 $723,039 $9,439,609 $10,495,675
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Co~nprehenslw Annuel Finenclsl Rebort i.
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-CITY OF DENTON, TEXAS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND VALANCES
ALL CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
iI
Airport Street
Improvement Grant General Projecls Improvement Wlliams Square
REVENUES:
Interest revenue 1 $ 38,334 $ 67,099 $
Intergovernmental 18,759 45,663
Miscellaneous 137,8461 123,793
Total Revenuer (19,087! 38,334 238,655
EXPENDITURES: ~
Capital outlay 20,844 1,701,071 475,124
Total Eapandturas 20,844 1,701,071 476,124
EXCESS OF REVENUES
OVER IUNDER)
EXPENDITURES 139,9311 {1,662,7371 t238,5691
1
OTHER FINAWING SOURCES
(USESI: f
Proceeds of long-term debt 21516,000 f
Operating transfers (in) 48,398 j
Operating transfers (outl
Total Other Flnsncinq
Source luseq 2,516,000 48,398
EXCESS OF REVENUES II
AND OTHER SOURCES
OVER IUNDERI
EXPENDITURES AND { k
OTHER USES 139,9311 852,263 1190,1711 f l ,
FUND BALANCES
October 1 39,931 1,158,761 2,406,381 12,660 4
i FUND BALANCES •
September 30 6 1 2,011,044 $2,218,216 N2,560
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Comptehansivs Annual Financial Report
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_ CITY OF DENTON, TEXAS
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Totals
Year Ended
Construction
Projects Other September 30, 1998 September 30, 1995
4 254,008 6 1 359,441 1 374,986
208,445 272,867 11598,685
502,934 1,637 590,518 2,094,211
758,942 210,082 1,222,826 4,067,882
1
1,623,710 464,926 4,185,675 5,406,553
1,523,710 464,926 4,165,675 5,406,653
t766,7681 (254,8441 12,962,849) 11,338,6711
190,000 2,705,000 1,610.000
422,154 527,038 997,590
!275,4361 1275,4 361 129,5211
E
336,718 527,038 3,427,154 1,580,479
!430,0501 272,194 464,305 241,808
3,860,539 12,611 7,490,809 7,249,001
• 43,430,469 1284,805 ! 7,955,114 6 7,490,809
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Comprahenalvv Annual Financlal Aeport
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C(TY OF DENTON, TEAS- _ C {
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--Comprehanslvo Annual ilnwclal Report
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CITY OF DENTON, TEXAS
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SUMMARY OF ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
j VtAify System - To account for the provision of utility services to the residents of the City. All activities
necessary to provide such services are accounted for in this Fund, including, but not limited to,
administration, operations, maintenance, financing and related debt service.
S,7frd Waste - To account for the provision of solid waste services to the residents of the City. All
activities necessary to provide such services are accounted for in this Fund, including, but not
limited to, administration, operations, maintenance, financing and related debt service.
I
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I
i Comprehensive Annual Finendd Report !
u~ 1111,11111116111
,
CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • ALL ENTERPRISE FUNDS
SEPTEMBER 30, 1996
I~
ASSETS Utility System Solid Waste L~
Cash and deposits It 154,085 1 720,695 l~
Investments 8, 704,441 361,626
Receivables Inez of allowances far uncollectibles)
Accounts 5,076,984
Unbilled utility service 6,218,053 345,455 ttt
Accrued Interest 1,055,240 20,715 l~
Other 498,006 14,715 it
Due from other funds 160,331 4,372
Merchandise inventory 816,784 24,112
Repaid items 1,836 f
Deterred bond issuance casts 1,221,226
Restricted assets -
Cash and deposits 1,409,880 2,024,399
Investments 77,272,466 4,675,278 I
Arc,.jd interest 319,762 37,230 I f
Uue from other funds 8,902,779 E ffff
Advances to other funds 4,831,784 ~i
Fixed assets (net of accumulated depreciation) 171,359,318 5,942,636 I{
Total Assets 1288,098,997 114,203,232
(Continuedl,
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Conyxehenrlvs Annual Financial Report -
t
CITY OF DENTON, TEXAS
Totals
September 30, 1996 September 30, 1995
t 874,980 1 1,178,049
9,066,066 38,243,159
8,076,884 5,613,460
5,562,508 4,896,791
1,075,955 908,049
510,723 1,530,390
194,703 41,489
941,496 1,283,443
1,836
1,221,226 952,753
t
3,434,279 3 9i8,9t2
81,947,744 34,979,322
357,012 350,253
1 8,901,779 1,635,472
4,831,784 5,881,784
177, 302,154 172,591,604
` 1301,302,129 1274,954,930
1.
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.63.
- - - Comprthenaiva Annual Financial Reporl 4
r}
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e• i I
I
I
i.
CITY OF DENTON, TEXAS
I
COMBINING BALANCE SHEET • ALL ENTERPRISE FUNDS {concluded) ,
SEPTEMBER 30, 1996
_ II
LIABILITIES AND FUND EQUITY Utility System Solid Waste I`
Llebllities:
Accounts payable and accrued expenses 1 31198,144 It 210,659
Retainage payable 17,148
Accumulated unpaid compensated absences 601,137 126,837 r
Deposits 1,158,167
Payable from restricted assets •
Accounts payable and accrued expenses 133,378 8,680
Retainage payable 42,502
Due to other funds
Accrued interest 1,888,853 91,636
Revenue and general obligation bonds payable 6,380,000 629,832 t
Accrued interest -
Duo to other funds 8,368,227
Advances from other funds 4,000,000 831,784
Leases payable 36,095
General obligation bonds payable 430,871
Certificate of obligation payable 8,023,850
Revenue bonds payable 83,890,001
Note payable 31,219,934 53,726
CtosurelPasiclosure cost 2,900,561
Total llabilitles 139,897,491 13,244,530
Fund Equity:
Contributed capital •
From other municipalities or governmental units 14,909,624
In aid of construction 25,814,107
Less: Accumulated depreciation 126,574,8191
Net contributed cnpital 14,209,112
Retained earnings • f
Reserved for bond retirement 12,802,157 -
Reserved for capital projects 12,528,017 4,770,664
Reserved for landfill retirement 456,975
• Reserved for debt retirement - 307,100 1
Reserved for dumpster replacement 75,000
1 Reserved for rate statkiration 45,932,000
Reserved for working capital 2,011,000 142,000
` Reserved for emergency 6.029,000 155,000
fi Reserved for water tower 550,000
I Reserved for water wells
Reserved for Infrastructure financing 1,610,000 • 0
{ Unreserved 53,532,220 15,148,0571
J Total Retained Earnings 133,992,394 958,702 i
Total Fund Equity 148,201,509 958,707 1
total Labillitles and fund Equity 1286,098,997 114,203,232
64 -
I!
Comprehensive Annual Financial Aaport
I
CITY OF DENTON, TEXAS
1 Totals
September 30, 1996 September 30, 1995
6 3,408,603 6 3,847,980
i 17.146 22,935
727,974 665,260
1,158,167 1,165,641
142,058 124,082
42,502
18,615
k 11980,489 1,086,427
6,909,832 4,466,980
119,909
8,368,227 196,628
4,831,784 6,881,784
36,095 138,211
430,871 602,253
8,023,850 3,567,700
83,890,001 50,010,000
` 31,273,659 64,896,392
2,900,501 2,646,259
153,142,021 139, 358,956
14,909,624 14, 909,624
25,874,107 24,946,889
J26,574.619) 124, 783,4 2 61
14,209,112 15,073,087
I 12, 802,151 91588,668
17,296,701 12,984,912
I 456,975 191,975
307,100 262,100
75,000 75,000 -
45,932,000 400,000 i+
I 2,153,000 21000,000
5,384,000 8000,000
550,000 350,000
t 90,000
S F 1,610,000 1,110,000
48,384,163 85,472,332 0 a
134,951,096 120,524,887
149,160, 208 135,691,974
R 4302,302,229 0274,954,930
I
65
Comprefienaire Annual Fln4nclal Report
~..a..r,..,..
•
I
_ I
CITY OF DENTON, TEXAS___
COMBINING STAIEMENF OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS I
ALL ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
UUfify System Solid Waste
OPERATING REVENUES.
Elecwie service 4 69,533,180 4
Water service 15,328,596
Wastewater service 91997,665 i
Charges for services 447,923 6,382,605 i
Miscellaneous 63,460 58,685
Total Operating Revenues 95,370,824 8,444,090 I
OPERATING EXPENSIM I -
Purchased power 41,469,C91 I I
Fuel 6,981,645 I
Purchase of water 80.290
Salaries end wages 9,293,913 2,050,058
Materials and supplies 1,604,706 308,269
Maintenance and repair 3,116,752 850,639
Depreciation 6,879,138 138,518
Administrative cost 8,728,872 736,835
Closure(PCs•closure cost 2541302
M sccllane,,,e 3,047,654 1,010,706
Total Operating Expenses 81,001,931 6,347,226
Operating Income 14,368,893 1,093,866
NONOPERATINO REVENUES (EXPENSES)
Interest revenue 5,082,643 268,310
Interest expense and fiscal charges 17,020,9611 1344,7401 f
Other 118,253f 117,9271
Total NonoperUng Revenues Ifrponsssl (1„156,5711 (9_4,3571
+ Operating Income Before Operating Tran:lers 12,412,322 999,508
OPERATING TRANSFt AS IN IOUTI
Ouc,ating tranvlcr In -
C'.pe•ttmg transfer out 1134,3141 141,9001 _
Total Oporeting Twill r 1734,9141 141,9001
Net Income 11,071,408 957,608
Ada, OcpredaLun of fiord assets
acquired with contnhuted e3pltal 1,791,193
Increase in retained earnings 13,468,601 957,608
0 0 0
RETAINED EARNINGS • October i as prwtoudy reported 120,523,783 1,094 I
Antustmnnt of feed as.xels I
RETAINED EARNINGS • Oci 1 as I isleled 120,523,793 1,094
RETAINED EARNINGS • SeplemUer 30 613 3.99 2,394 1 958,702
1
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66
Comprehensive Annual Financial Report --Il
•
CITY OF DENTON, TEXAS_
Totats
Year Endcd
September 30, 1996 September 30, 1995
6 69,633,180 1 68,972,242
15,328,598 13,642,386
91997,665 9,519,066
f 6,830,428 6,237,155
122,045 326,438
E 101,811,914 98,696,285
41, 469, 061 41,264,742
6,981,645 6,606,612
80,290 81,212
11,343,969 10,911,960
1.9101975 1,889,242
3,987,291 3,086,035
6,817,656 6,809,264
9,465,707 9,055,821
254,302 207,842
4,058,260 3,696,563
86,349,156 83,609,293
16,462,769 14,986,992
1 6,350,953 2,683,592
17,365,7011 16,1 15,2931
(36.1M (452,703)
(2,0F0,9281 (3,984,4041
13,411,830 11,102,588
• I (716,814)
-
(776,8141 i
12,635,016 1 1,102, 588
1,191,193 1,764,228
14,426, 209 12,866,816
01 • 0
120,524,687 106,160,96$
1,497,106
_ 120,524,881 101,658,071
1134,951,096 1120,524,887 J
•61•
Corti piehanslva Annual Financial Report -
lip
s
_ -CITY Of DENTON. TEXAS
j COMBINING Sr 7`Ad OF CASH FLOWS - {{4
ALl EFJT ERPi" FUr...' (t
FOR THE FISCAL YEAR ENi rFPTEMBER 30, 1996
utility System Solid Waste
Cash Rows from operating sctlvhlen
Cash received frurn customers 4 88,615,644 11 6,372,494
Cash paid to employees for services 153,016.2711 12,922,3401
Cash paid to suppliers t13,128,4981 12,046,1411
Not cash provided by operations 22,470,875 1,404,013
Cash Rows from nnncspital Financing sctlvltiar,
Contributions to Fleet Replacement Fund 4149,9501 117,9271
Operating transfers out to other funds 1734,9141 141,8001
Principal payment on tong-term advances from other funds 11,000,0001 150,0001
Payment received on long term advances to other funds ',050,000
Contributions to others IA,2<91
Proceeds from other 139,946
Not cash (used foil noncep4el financing activities 1703,1571 1109,6271
Cash flows from capital and related financing activities:
Proceeds received from cor,tributed capital 261,153 j
Principal payments on revenue bends and certificates of
obligations 14,385,-^M 1167,3801
Interest and fiscal charges 16,551,2511 (308,7701
Proceeds from issue of revenue bands and certificates of
obligations 39,260,000 5,000,000
Proceeds from issue of nolee payable 282,360
Principal payment on notes payable (33,867,4211 (37,671)
Proceeds from sdvance from other funds
Principal paymcnia under capital lease obligation Y 1102,1161
Acquisihor, and construction of fixed assets 18,635,6461 12,326,2951
Nat cash provided by (used lot) capital and
related linandrig activities 113,636,005! 2,0$7,768
• Cash flows from investing octivltles,
Proceeds from sale and maturities of investment securities 73,620.631 10,618,814 j.
Purchase of investment securities (90,02 8,2 641 111,902,5101
Interest received on ioveslme-nts 5,081,576 288,394
Not cash (used for) Investing activities 111,326,0611 11,095,3021
Net increase Idecreasel In cash and cacti equivalents 13,094,3541 2,166,652 • •
Cash and cash equivalents October 1 4,658,319 488,642 j
Cash and cash equivalents Saprember 30 F 1,563,966 1 2,145,294 I I f
(Continued) f
68
Comptehowslva Annual Financial Report
~4,Fy....,...»... ...rte-q
Y,.
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_ CITY OF DENTON, TEXAS_
Totals
Year Ended
September 30, 1996 September 30, 1995
$ 94,9A8,138 11 98,601,834
l 15 5, 938,6111 110,8 30, 5181
115,174,6391 (07,842,000)
` 23,974,888 17,829,31e
1
(167,8771 1473,693h
(778,6141
11, 060,0001 1550,0001
1,050,000 660,000
(8,2491
139,948 20,990
(812,9941 1462,7031
261,153 201,848
14,552,3801 0,509,243f
(8,860,0211 16,013,9641
44,260,000 2,000,000
281,350 137,280
j (33,905,0921 1136,0001
91,397
1102,1161 (95,251)
l 1 110,882,1411 18,041,9971
I
111,418,231( 118,365.9301
84,139,445 64,029,100 s
1101,630,7741 169,287,7831
5,369,970 2,681,107 t
112,421,3591 _ 12,691,5701
(837,7021 11,686,8931 •
5,146,961 0,733,854
6 4,309,259 1 6,146,951
69 .
Comprahanstrs Annual Flunclet Aspwl r
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CIT f OF DENTON, TEXAS k
COMBINING STATEMENT OF CASH FLOWS •
ALL ENTERPRISE FUNDS tConeludedl
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996 !p
Utility System Solid Waste
Reconciliation of Enlarprlse Operating Funds Income to Not Cash
Provided by Operating Activities
Operating Income $14,368,893 11,093,866
Adjustments:
Depreciation expense 6,579,138 138,618
Closure'rosiclosure expense 264,302
Decrease lincreasal In recalvables 742,749 (48,0041
Derfease (increase) In due rrom other funds 17,497,9291 (22,6921
Decfeass (Increase) In Inventories 365,659 124.712)
Decrease 1lnceeasal In prepaid Items (1,536)
Increoaa IDecfeual in accounts payable 1421,4091 29,445
Increase IDecresael in lenses payable
Increase IDecreasel in accumulalod unpaid
compensated absences 68,709 3,915 f I I`r {
Increase IDecrassel in due to other funds 8,175,811 122,7271 a
Total adjustments 8,1f+1 982 310,148
Nat cash provided by operating activities $22.4r 075 11,404,013
Supplemental Schedule of NDncash Capital and Rdatad Financing Activities
Noncash activity during the Veit consisted of contributed capital from contractors and developers for the Utility System (I
and the Solid Waste System In the amounts of $666,065 and $3,568 respectively,
I;
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• 70 f
Comprehensive Annanl Floandaf Report ~ r +
4
t
--CITY OF DENTON, TEXAS _
totals
Year Ended
September 30, 1996 September 30, 1995
416,482,758 114,986,992
6,817,666 6,809,264
~E 264,302 207,842
698.745 1524,4101
0,520,6211 11,5 70,0411
341,947
(1,8361
( 391, 9811 12,554, 6 7d l
233,462
i 62,714 71,443
8,163,084 169,440
8,412,130 2,842,324
i !23,874,888 417,829,315
i
• i
f
i - Comprehemlve Annual Financial Report
I
li OF DENTON, TEXAS ;
SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ]
BUDGET AND ACTUAL • (BUDGET BASIS) • All ENTERPRISE FUNDS 1
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Utility System
Variances
Favorable
Budget Actual (Unfavorable)
OPERATING REVENUES:.
Electric service 4 70,043,917 1 69,633,180 4 (610,7371 .1
Water service 14,369,067 16,329,696 959,629
Wastewater service 10,416,233 9,997,665 1418,6681
Charges for services 185,100 447,923 262,623
Miscetlaneous 198,000 63,460 (134,6401
Total Operii RAvanues 95,212,317 95,370,824 158,507
OPERATING EXPENSES: I
Purchased power 43,742,053 41,469,061 2,272,992
Foal 8,649,660 6,981,647 1331,987)
Purchase of water 94,900 80,290 14,610 ~i
Salaries and wages 10,800,819 10,317,695 483,224 1
Materials and supplies 1,758,954 1,574,360 182,594
Maintenance and repairs 3,300,699 2,639,:95 761,494 [ 3
Administrative cost 8,780,273 6,928,872 1148,599) f 1
Clos uri s iclo sure cast
Miscellaneous 5,006,429 3,084,099 1,927,330 I )
Capital outlay 6,507,674 4,216,476 2,291,098
Total Operating Eapenses 86,639,361 79,191,605 7,447,758
Operating Income 8,572,958 16,179,219 7,606,263 I j
NONOPERATING REVENUES (EXPENSESI
Interest revenue 2,723,499 5,082,643 2,359,144
Interest expenses and fiscal charges 15,094,224) (7,020,9611 (11928,7371
Other 1171,801) (18,253) 163,549
Total Nonoperating Revenues I£xpenses) (2,542,6261 11,956,5711 686,955
Operating, hicome before operating transfers 6,030,430 14,222,646 6,192,218
OPERATING TRANSFERS IN (OUTI: I I
• Operating, transfers in
Operating transfers out 1134,9141 173,11 14! -
Total operating transfers 1734,914) 1734,914)
Net Income 5,295,618 13,487,734 9,182,218 '
RETAINED EARNINGS • October 1
as praviously reported 120,613,793 120,523,793
Adjustment of fixed assets I I
RETAINED EARNINGS • October 1 as restated 120,623,793 120,623,793
RETAINED EARNINGS • September 30 125,919,309 134,011,627 8,192,218 F
ENCUMBRANCES AND CAPITAL OUTLAYS f
NET OF DEPRECIATION INCLUDED ABOVE 119,1331 119,133)
RETAINED EARNINGS • September 30 1$26,00.118 1133,992,394 1 8,192,118 , f
12 -
Comprehensive Annual Financiai Report r
r
_ _ CITY OF DENTON, TEXAS
I
E Solid Waste Total
f variance- Varlance.
Favorable Favorable
Budget Actual (Unfavorable) _ Budget Actual (Un}avorabtel
1 70,043,917 1 69,533,180 1 1510,7371
14,369,067 15,328,596 859,529
10,416,233 9,997,665 (416,568)
6,633,170 8,382,505 (160,6651 6,718,270 6,830,428 112,168
9,000 58,585 49,M, 207,000 122,045 184,9551
8,542,170 8,441,090 1101,080) 101,764,487 101,611,914 57,421
43,742,053 41,469,061 2,272,992
6,09,660 6,981,647 (331,987)
94,900 60,290 14,610
2,142,669 2,043,304 99,355 12,943,478 12,360,883 582,678
330,225 302,604 27,421 2,087,179 1,877,164 210,015
` 768,822 829,658 (60,8361 4,069,521 3,368,883 700,656
k 1,112,212 1,142,250 (30,038) 9,692,485 10,071,122 1178,6371
265,061 264,302 10,759 265,061 254,302 10,769
1,189,185 1,002,219 188,966 6,195,614 4,088,318 2,109,298
314,596 194,455 120,141 6,822,170 4,410,931 2,411,239
8,122,760 5,768,992 353,768 _ 92,762,121 84,960,697 7,801,524
419,410 872,098 252,668 8,992,366 16,851,317 7,858,951
161,669 268,310 100,641 2,891,168 54350,953 2,459,785
111,2851 1344,7401 1333,455) 15,105,5091 17,385,7011 12,260,1921,
115,0001 117,9271 12,927) 1186,8011 136,1801 150,821
141,364 194,3571 1235,7411- 12,401,142) 12,050,9281 350,214
660,794 577,74, 16,947 6,691,224 14,800,389 8,209,166
• I (41,900) 141,900) 1776,8141 (176,814)
(41,900) 141,9001 (776,E' 141 (776,B14)
l 518,694 535,841 16,947 5,814,410 14,023,576 81209,165 1
l1,
1,094 1,094 120,524,887 120,524,881
Q 1,094 1,094 120,524,887 120,524,881 O +
519,988 536,935 16,947 128,339.297 134,548,462 8,209,165
I
421,767 421,767 402,634 402,634
I ! 941,755 1 958,101 _ 4 16,947 1126,741,931 $134,951,096 1 8,209,165
73.
Comprahonalve Annual Financial Reporl
a
s
a
-CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • UTILITY SYSTEM I J
SEPTEMBER 30, 1996
ASSETS Electric System water System 4(~
Cash and deposits / 1 I I I
Investments 6,438,845 1 523,459 (III
Receivables (net of allowances for uncellectibleO • 1
Accounts 6,076,984 1
Unbilled utility service 3,710,320 913,985
Accrued Interest 981,851 44,088
Other 492,884 2,813
Due from other funds 160,331
Merchandise Inventory 918,784
Prepaid items 1,178
Deferred bond issuance costs 382,399 616,946
Restricted assets •
Cash and deposits 1,330,691 10,804
Investments $7,766,097 12,493,967
Accrued interest 88,022 139,929 i
Due from other funds 6,600,000
Advances to other funds 4,831,784
Fixed assets Inet of accumulated depreciation) 42,451,001 92,206,631
Total Assets 1125,626,693 1114,553,998
(Continued) {
1
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74
- - Comptehanslve Annual Flnatefal Report I ,
~FT~YMr'.M 4f
I
f
--CITY OF DENTON, TEXAS
1
Totals for Utility System
fk Wastewater System September 30, 1996 September 30, 1995
It 154,085 1 154,085 It 1,173,126
742,137 8,704,441 38,968,938
6,076,984 6,613,460
691,748 6,216,053 4,622,284
29,301 1,055,240 868,308
311 496,008 1,489,731
160,331 29.709
e I 916,784 1,283,443
660 1,636
221,881 1,221,226 952,753
68,485 1,409,880 3,485,194
7,013,402 77,272,468 32,600,336
91,831 319,782 313,465
2,302,779 8,902,779 1,535,472
4,831,784 5,881,784
36,701,486 171,359,318 168,836,545
$47,918,108 $288,098,997 1266,653,047
1 ~
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,
1 4
. 75.
Comprehensive Annual Financlel 1lepat - -
~ fib. , ,....-r-•,.,;~. ~ 4
I
I
,
-CITY OF DENTON, TEXAS
COMBINING BALANCE SHEET • UTILITY SYSTEM IConchrdedl E
SEPTEMBER 30, 1996
f
LIABILITIES AND FUND EQUITY Electric System water System
LlabllRiee:
Accounts payable and accrued expenses 1 2,747,905 1 237,182
Retslnaoe payable
Accumulated unpaid compensated absences 377,732 102,678
Deposits 1,158,167
Payable from restricted'ssets • l i
Accounts payable and accrued expenses 22,613 100,680 I1
Retainape payable 42,602
Due to other funds
Accrued interest 374,868 1,160,302
Revenue bonds payable 1,950,797 2,620,431
Accrued Interest
Due to other funds 8,319,827 48,400
Advances from office lunds
Revenue bonds payable 18,206,914 48,971,712
Notes payable 31,219,934 '
Total Liabilities 33,157,623 84,403,601
Fund Equity, li`{
Contributed capital
rrorr oletr municipalities or governmental unit 13,060 6,641 f l
In aid of construction 1,292,711 13,622,332 11
less: Accumulated depreciation {840,754) 17,675,4341
Net conNiLuted capita! 465,017 6,053,440
Retained earnings •
Reserved for bond retirement 3,728,662 6,642,042 r 'I
f{ 11
Reserved lot capital projects 2,673,770 0,052,043
Reserved for rate stabilization 45,170,000 230,000
Reserved for working capital 1,504,000 300,000
Reserved for emergency 3,761,000 741,000
Reserved for water tower 550,000
Reserved for water wells • I
Reserved fee Inlrastruclure finanei•io 895,000 I{
Unreserved 35,168,621 A,678,012 0 0
Total Retained Earnings 92,004,053 24,096,951
Total Fund Equity 92,469,070 30,160,397
Total liabilities and Fund Equity 1125,628,693 1114,553,998
i!
76
Comprahenslve Annual Flnencisl Report
I rZ '
7 ~
~Mpr+thr,yry,J,y.arA Y17
a t,
•
~ y
,CITY OF DENTON, TEXAS-
-Totals for Utility System
Wastewater System September 30, 1996 September 30, 1995
F
4 213,072 1 3,158,144 $ 3,674,970
17,148 17,148 22,935
120,827 601,137 542,338
11158,187 1,165,641
10,185 133,378 107,202
42,5n2
18,615
353,683 1,888,853 1,030,761
908,772 5,380,000 4,385,000
1 19, 909
8,368,221 173,901
41000,000 4,000,000 5,000,000
16,712,376 83,890,001 50,010,000
31,219,934 64,804,995_
_ 22,336,067 139,897,491 131,056,167
14,890,022 14,909,624 ,4,909,624
10,959,084 25,874,107 24,965,889
118,158,431} (26,514,6191 (24,7 8 3,42 61
{ 7,690,655 14,209,112 151073,087
2,433,453 12,802,157 9,588,558
3,799,404 12, 526,017 11,254,421
532,000 45,932,000
207,000 2,011,000 2,000,000
517,000 5,029,000 8,000,000
550,000 350,000
90,000
i I 715,000 1,510,000 1,110,000
~ 9,691,521 _ 63,637,210 88,130,804
• ~
17,891,384 133,992,394 120,523,793
25, 582,039 148, 201, 606 136,596,980
i 1 47,918.108 $288,098,997 1266,653,047
. 22.
- - - Compr4hlmslv4 Annuol rlnanaiel pr'port -
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_ -CITY OF DENTON, TEXAS
COMBINING SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN R£TAIi.EO EARNINGS - '
UTILITY SYSTEM j
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1396
Flectnc System Water System
OPERATING REVENUES',
-
Electric service 669,533,180 $
Water service - 15,328,595 j
Wastewater service -
Charges for services 447,923 -
Miscellaneous - 62,572
Total Operating Revenues 69,981,103 15,391,168 1
i
OPERATING EXPENSES:
Purrgased power 40,563,905 566,832
Fuel 6,947,946
Purchase of water - 80,290
Salaries and wages 5,048,832 364
Materials and supplies 817,949 551,423
Maintenance and repairs 1,927,802 774,280
Depreciation 3,087,824 2,180,665 f k
AdKiistrative cast 4,814,031 21115,179 f { I®
Miscellaneous 1,834,223 732,655 _
Total Operating Expenses 65,042,512 9,056,688
Operating Income 4,938,591 6,334,480
NONOPERATING REVENUES IfXPENSFSI
Interest revenue 3,411,193 1,230.985
Interest expense and fiscal charges (1,216,6571 14,846,268)
Other 1115,2581 139,944
Total Nonopereting Revenues lFxpensesl 2,019,.7? 13,475,339)
Operating Income Before Operating Transfers 7,017,863 2,859,141
OPERATING TRANSFERS IN IOUTh I
I
Operating transfer it,
• Operating transfer out 1575,8141 (88,9001
Total Operating Transfers 1575,8141 (88,9001
Net Income 6,442,055 2,770,241
Add: Dept ecrlion of fixed assets
acquired with eantnhuted capital 58,964 6<0, 705 _
Inereasn in retained earnings 6,501,019 3,390,946
•
RETAINED EARNINGS - October 1 as previnusly reported BS,503,034 20,706,011
Adjustment DI fixed assets - - 1 i~
-..i RETAINED EARNINGS - Ocuber 1 as restated 65,503,034 20,706,011
1 1
RETAINED EARNINGS • Soptember 30 $92.004,053 $24,096,957 (4
79 •
Cumpfehans'vn tnnus' Flnancial Report - as
-CITY OF DENTON, TEXAS _
TOtats fur U0.1y System
Year Ended
wastewater System September 30, 1996 September 30, 1995
$ $ 69,533,180 $ 68,972,242
15,328,596 13,542,386
9,997,665 9,997,665 9,519,066
447,923 348,372
888 63,460 32,116
9,996,553 95,370,824 92,414,182
338,324 41,469,061 41,264,742
33,699 6,981,645 6.606,612
80,290 81,212
2,189,717 9,293,913 8,962,433
235,334 1,604, 706 1,622, 248
414,570 3,116,752 2,406,313
1,410,6.1 6,679,138 6,687,233
1,799,662 8,728,872 8,429,703
480,676 3,047,554 2,769,768
6,902,731 81,001, 931 78,820, 264
3,095,822 14,368,893 13,593,918
440,465 5,082,643 2,544,193
1958,0361 17,020,9611 t5,943AM
02,9391 118,2531 1325,3671_
1560,510! 11,956,5711 (3,724,6041
II 2,535,312 12,412,322 9,869,314
O 1 170,200) 1734,9141 -
170,2001 1734,9141 - /
2,465,112 11,677,408 9,869,314
1,111,524 1,791,193 1,764,228
3,576,636 13,468,601 11,633,542
14,314,748 120,523,793 107,450,114 I, O 0
- 1,440,077
14,314,748 120,523.793 108,690,251
$17,891,364 $133,992,394 $120,523,793
79,
- Carnprohemlva Annual Financial pepal -
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_CITY OF DENTON, TEXAS_
COMBINING STATEMENT OF CASH FLOWS -
lJTItiTY SYSTEM
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
I
I
Eleclric Water
system System
Cash flows from operating activities:
Cash received from customers IF 70,658,979 IF 10,262,966
Cash paid to employees for services 148,794,8681 02.04 0,9931 1
Cash paid to suppliers (5,013,711 f (4,740,2491
Net cash provided by operations _ 16,850,400 3,473,724
cash Rows from noncapitd financing activities: J -
Contributions to Fleet Replacement Fund 1115,2601 -
Opwating transfers out to other funds (575,8141 188,9001
Principal payment on tang-term advance from other funds -
Payment received an lung-term advance to other funds 1,050,000
Contributions to others
Proceeds from ^ther 2 139,944 ,
Net cash (used fort noncapital financing
activities 358,926 51,044 '
Cash flows from capital end rotated financing activities
Proceeds received from contributed capital 7,700 208,233
Principal payments on revenue bonds (2,024,8061 (1,439,732)
Interest and fiscal charges 11,226,8131 (4,410,862)
Proceeds from sale of revenue bonds 36,510,000
Proceeds from issuing of notes payable 262,360
Principal payment on notes payable - 13 3,86 7,41211
Acquisition and construction of fixed assets 13,921,(.5 5) (2,762,6531
Net cash fused for) capital and related I k
financing activities 17,165,574) 15,490,0751
Cash flows from investing activities:
Proceeds from sate and maturities of investment securities 58,731,1 is 8,16 133
Purchase of investment securities 173,367,6971 (8,385,420)
Interest received on investments 3,432,744 1,252,918
Net cash provided by Ivied furl Investing activities 111,703,821) 1,454,131
Net increase idecreasel in cash and cash equwalenis (1,560,067) (500,5761
Cash and cash equivaicntc rch,bcr 1 2,490,655 _ 511,380
Cash and cash equivalent i September 30 S 1,330,591 S 10,604 ® • l
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- Comprehensive Annual Financial Rep-Nt
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CITY OF DENTON. TEXAS
Totals for Utddy System
Year Ended
Wastewater
System September 30, 1996 September 30, 1995
d 7,693,699 1 88,615,644 4 90,473,709
(2,172,4101 (53,016,271) (8,910,4031
(3,374,538) (13,128,498) 165,641,9061
2,146,751 22,470,875 15,921,400
134,690) (149,950) (433,6441
170,2001 1734,914)
E
11,000,0001 (1,000,000) (500,0001
- 1,050,000 550,000
(812491 18,2491
- 139,946 20,990
11,113,1391 {703,167) 1362,6541
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j 45,220 261,153 201,848
1920,4621 (4,385,000) (4,295,001
1913,5761 16,551,251) (5,649,1661
1 2,750,000 39,260,000 -
282,360 137,280
133, 867,4211 1136,0001
{1,851,538) (8,535,8461 16.954,4091
1890,355) 113,536,0051 (16,895,4371
6,302,266 73,620,631 63,475,885
1 (8,275,147) (90,028,264) 166.181.3611
395,914 5,081,576 2,577,798 !
11,576,967) 111,326,057) 1127,678)
(1,433,711) 13,094,3541 (1,464,3791
1,656,261 4,658,319 6,122.698
Y ! 222,570 ! 1,563,965 ! 4,658,319 0 0
.B1'
Comprehensive Annual Financial Report
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-CITY OF DENTON, TEXAS { l
COMBINING STATEMENT OF CASH FLOWS - { {
UTILITY SYSTEM IConcludedl
-OA THE FISCAL YEAR ENDED SEPTEMBER 30, 1936
Electric Water ( {
System System
Reconciliation of Utility System Operating Funds Income to Net { {
Cash Provided by Operating Activities
Operating income $ 4,938,591 $„334,480
Adjustments: Il
Depreciation expense 3,087,824 2,180,665
Decrease (increase} In receivables 823,387 151,928}
Decrease Ilncrease} in due from other funds 1145,5111 (5,076,2741
Decrease !Increase} in inventories 366,659
Decrease pncreasel in prepaid items 11,1761
Increase (Decrease) in accounts payable 1508,2791 134,802
Increase (Decrease} In accumulated unpaid
compensated absences 35,121 6,371 { {
Increase IDecreasel in due to other funds 8,252,608 153.2161
Total adjustments 111911,809 12,860,7561
Not cash provided by operating activities $16,650,400 $3,473,724 { t
Supplemental Schedule of Noncash Capital and Related Flnancinq Activities
fE i
Noncash activity during the year consisted of con rlbuted capital from contractors and developers for the Water and
Wastewater Funds In the amount of $323,600 one $342,465 respectively, F !
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- Comprebansfva Annual Financial "I
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CITY OF DENTON• TEXAS
Totals for Utility System
Year Ended
Wastewater
System September 30, 1996 September 30; 1995
$3,095,822 $14,368,893 013,681,205
1,410,649 6,679,138 6,687,233
128,7101 742,749 1468,0051
(2,276,144} 17,497,9291 11,559,7551
• 366,659
1660) 11,836) +
(47,9321 1421,409) 12,623.907)
17,307 68,799 52,030
(23,681) 8,176,811 152,599
(949,0711 8,101,982 2,240,195
I
{2,148,761 $22,470,876 $15,921,400
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I - - Comprehensive Annuaf Fl snc;al Report
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CITY OF DENTON. TEXAS_
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Comprehensive Annual Financial ieport
"Jesse
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CITY OF DENTON. TEXAS
i
SUMMARY OF INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Warehouse Fund - to account for the financing of goods and services provided by the Warehouse to other
City departments. Such costs provided by the Warehouse are billed to the other departments at
standard labor charges and cost of parts plus 15%. Actual costs include depreciation on
machinery and equipment used to provide the service.
Fleet Services Fund- to account for the financing of goods and services provided by the Municipal Garage
and Machine Shop to other City departments. Municipal Garage and Machine Shop billings include
labor charges and cost of parts plos 25%. Actual costs include depreciation on the building,
improvements, machinery, and equipment used to provide the service.
Motor Pool Fund • to account for the purchase of City vehicles and equipment not budgeted In other
funds. These vehicles are then teased to other City departments. Monthly charges are equal to
the vehicle cost less salvage value divided by the expected life of the vehicle.
Ksk Retention Fund • to account for the accumulation of resources for the payment of employee
insurance claims and insurance policies.
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Comprehensive Annual unsocial Report
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CITY OF DENTON, TEXAS- _
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COMBINING BALANCE SHEET - ALL INTERNAL SERVICE FUNDS j
SEPTEMBER 30, 1996
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ASSETS Warehouse Fleet Scrvices Motor Pool
Cash and deposits s - 11 - S 245,274
Investments -
Receivables -
Accrued interest - 122,100 I
Other 16,237 12 - t I
Due from other funds 6,999 - 1,212
Merchandise inventory 1,618,227 141,631 -
Prepaid items 1,812 -
Restricted assets -
Cash and deposits 13,168 136,361 F]
Investments 5,421,012 I{
Accrued interest receivable -
Advance to other funds
Fixed assets Inet of accumulated depreciation) 91,719 241,529 5,797,067
Total Assets $1,734,994 11396,340 $11,723,746
LIA81l1T1ES AND FUND EQUITY
Liabilities:
Accounts payable and accrued expenses $ 61,818 $ 249,506 $ 1,843
Accumulated unpaid compensated absences 9,068 23,202 7,806 I.I I
Payable from restricted assets - f
Due to other funds
Accrued interest payable 2,089 20,485 I 1
Due to other funds 1,042,354
Leascs payable 39,940 35,414
General obligation bonds payable - 88,655 r I {
Ccrbficates of obligation - 135,£03 1,589,415
Claims payable - - -
Total Liabilities 1,153,180 410,300 1,743,618
Fund Equity f
Contributed capital - 251,391 5,765,225
Less: Accumulated depreciation (281,3311 14,753,0271 1
Net contributed capital 1,012,198 I it
Retained earnings Ideficit) -
Reserved for capital projects - 13,168 136,361 /
Reserved for fleet replacement 5,421,012 4
Reserved for authorized c■pendaures -
Reserved for future claims -
Unreserved $81,814 (27,1291 3,410,557 I I j.
Total Rolained Earnings IDeffck) 581,814 113,9601 8,967,930 o
Total Fund Equity (DeticlU 581,814 (13,9601 9,980,128 _
Total Liabilities and Fund Equity $1,734,994 1 396,340 If 11,723,746 I f
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- ~-g)iehonslve Annual Final Report
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CITY OF DENTON. TEXAS
To,als
R.sk Retention Srptember -0, 1996 September 30, 1995
6 593,949 ! 839,223 $ 822,298
5,011,517 5.011,517 5,644,009
92,000 214,100 179,659
33,092 49,341 191,327
2,706,768 2,715,699 158,371
• 1,759,658 2,037,148
179,747 181,559 2,099
149,529 238,336
5,421,012 5,957,422
931
91,397
6,130,315 4,833,166
$8,617,073 122.472.153 !20,166,363
L 240,509 11 553,676 ! 591,827
40,076 36,999
59,395
- 22,574 30,117 ~I
2,707,541 3,749,895 1.691,060
75,354 199,469
88,6$5 104,045
1,724,918 2,247,632
2,525,492 2,525,492 3.286,012
5,473,541 8,780,640 8,246,556
6,046,616 5,573,013
15,034, 4181 14,720,6761
- 1,012,198 652,337
149,529 204,910
• 5,421,012 5,967,422
13,000 13,000
3,130,531 3,130,531 2,737,019
- 3,965,243 2,156,119 _
~ 3,143,531 12,679,315 11,087,470
3,143,531 13,691,513 11,919,807
$8,617,073 !22,472,153 $20,166,363
II
-87• j
Comprehensive Amoual Financial Repw -
CITY OF DENTON, TEXAS_
COMBINING STATEMENT OF REVENUES, EXPENSES AP40 CHANGES IN RETAINED EARNINGS (DEFICITI
ALL INTERNAL SERVICE FUNDS 'i
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Warehouse Reel Services Motor Pool
OPERATING REVENUM
Charges for goods and services $2,596,196 $2,175,621 $1,813,652 `
Piemiums - f 1
Miscellaneous 3,450 394
Total Operating Revenues 2,601,646 2,176,215 1,813,552
OPERATING EXPENSES
Salaries and wages 131,983 563,442 77,203
Materials and supplies 2,049,595 1,488,726 335 t
Maintenance and repairs 15,OE3 20,337 906
Depreciation 11,876 12,570 1,570,638
Insurance
Administrative cost -
Miscellaneous 182,886 41,250 3,808
Total Operating Expenses 2,391,403 2,126,325 1,652,690
f~Operating Income Moss) 210,243 49 890 160,662 I
NONOPERATING REVENUES (EXPENSESI: !
Interest revenue 3,518 406,995
Interest expense and fiscal charges 17,846! 110,5571 1116,9421
Other 30,873 164,749
Total Nonoparating Revenues (Expenses) 23,033 17,039) 454,802
Operating Income ILosel Before Operating {
Transfers 233,276 42,851 615,464
OPERATING TRANSFERS IN IOUTI:
Operating transfer in ,
Operating transfer out i
Total Operating Transfers In IOutl _ h
Net Income ILosO 233,276 42,851 615,464
Add, Depreciation of fixed assets acquired
with contributed capital 313,742
Increase IDecreasel in Retained Earnings 233,276 42,851 929,206
• •
RETAINED EARNINGS IDEFICITI • October 1 348,538 156,8111 T,08,724,
RETAINED E4RNINGS IDEFICITI • September 30 1 681,814~1 03,9601 18,967,930
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- Comprehonsive Annual Flnenclnl Report ,
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CITY OF DENTON. TEXAS
Totals
Year Ended
Risk Retention September 30, 1996 September 30, 1935
$ - $ 6,587,569 S 6,340,013
4,599,478 4,599,478 2,814,736
3,720 7,564 _ 837,191
4,603,198 11,194,611 9,991,940
- 772,628 762,546 III
898 3,539,554 3 506,748
8,953 45,259 44,685
• 1,595,084 1,374,677
3,535,567 3,535,567 5,971,088
65,895
` 780,302 1,008,248 174,455
4,325,720 10,496338 11,900,094
277,478 698,273 11,908,1541
244,902 655,415 554,504 {{{{I,
1135,3451 11 73,01 91
16,132 211,750 185,711
251,034 731,830 557,196
538,512 1,430,103 11,340,9W
93,871
1132,0001 1132,0001 17F,8711
1 (132,0001 1132,0001 195.0001 f
l 406,512 1,298,103 11,435,9561
I - 313,742 255,736
L 1 406,512 1,611,845 11,180.2221
• I _ 2,737,019 11,067,470 12,247,692__ e •
1 53,143,531_ $12,679,315 $11,067,470
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Comprehensive Annual Financial Report
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_J CITY OF DENTON, TEXAS
COMBINING STATEMENT OF CASH FLOWS •
ALL INTERNAL SERVICE FUI405 j
FOR THE FISCAL YEAR ENDED SEPTEMBER 34, 1996 -
Warehouse
Cash flows from operating activities:
Cash received from customers Of 2,629,793
Cash paid to employees for services 1131,100!
Cash paid to suppliers 12,616,81 91
I
Net cash provided by (used fort operations 118,1261
Cash flows from noncapital financing activities:
Operating transfers out to other funds
Operating transfers from other funds
Proceeds from other 39,280
Net cash provided by Iwed for} nontapital financing activities 39,280 -
Cash flows from capital and related financing activities:
Principal payments on certibcales of obligations
interest and fiscal charges 18,1571
Proceeds from issue of certificates of obligation
Principal payments under capital base obligations 59,9791
Acquisition and construction of fixed assets (5,768)
Proceeds from sale of fixed assets _ 2,750 fff t
Net cash lured fort capital and related financing activities i 121,154} f
Cash flows from investing activities: 1 r
Proceeds from sale and maturities of investment securities -
Purchase of investment securities E
Interest received on investments _
Net cash provided by Investing activities -
Net increase Idecreasel in cash and cash equivalents
Cash and cash equivalents - October 1
Cash anJ cash equivalents - Septembbr 30 Of
Reconciliation of Internal Service Operating Income to Net Cash Provided by (Used Owl
Operating Activities
operating income (loss) f 210,243 1
Adjustments:
Dcpre6ahon expense 11,876 1
Loss (Gain) on sale of fixed asset 8,401
Decrease (Increasel in receivables 11116061
Decrease llrmeaset in due Irom other funds 39,753
• Decrease Increase) in invenfones 235,574 ,
Decrease llncreasel in prepaid items
Increase IDecreasel in accounts payable (23,5611 I r
Increase iDecreasel in teases payable 112,376) ll
Increase IDecr=asel in accumulated unpaid compensated absences 883 j
Increase ocefease) in due to other funds 1477,3131 I 1
Increase IOecreasp) in clams payable
Total adlusirl nis (228,3691
• Net cash provided (used fort by operating activities S 118,1261 II 0
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Supplemental Schedule of Noncesh Capital and Aetated financing Activities
Noncash activity during the year consisted of contributed capital from contractors and developers for the Internal Service 1
Funds kr Ila amount of $473,603. 1
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Comprehensive Annual Financial Report p'.
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CITY OF DENTON, TEXAS_
Totals
Year Ended
Ficel Services Mitor Pool Risk Retention September 30, 1996 September 30, 1995
S 2,291,223 6 1,910,349 6 2,039,767 1 8,871,132 $ 10,387,01`
(561,4511 177,0001 1769,551) (761,6.71
11,741,818) 199,2001 (2,4)6,654) 16,833,691) 18,025,5181
(12,046) 1,734,149 (438,087) 1,267,890 ),600,459
(132,0001 1132,000! 1178,8711
63,871
16.132 55,412
(115,8681 (76,588) (95,0001
145,1671 (492,937) (538,1041 1519,902)
111,2911 (123,751) {143,199) 11C8,567)
1 (111,739) (121,718) 1109,062;
121,846) 12,421,183) 12,448,797) (1,589,395)
185,343 188,093 194,420
(78,304) 12,964,267) 13,063,725) 12,212,5061
1,131,3:5 2,040,509 3,171,835 17,501,660
)498,417, 11,494,5161 11,992,9331 (17,245,319)
3,518 365,879 252,242 621,639 514,345
3,518 998,788 798,235 1,800,541 770,686
(86,8321 1231,3301 246,280 171,8821 63,639
100,000 612,965 347,669 1,060,634 996,995
6 13,168 6 381,635 S 593,949 6 988,752 1 1,060,634
S 49,890 6 150,662 S 277,478 S 698,273 $ (1,908,154)
t 12,570 1,570,638 1,595,084 1,374,677
I 8,401
1 10,721 143,337 142,451 21,024
104,287 96,797 (2,706,76' 12,465,9311 130,9831
41,716 277,290 194,172
• 1179,747) 079,74>1 12,0991
(96,2361 191,7901 185,134 (26,453} 11,311,017;
(12,3711 1182 690)
1,991 203 3,077 669
1136.9851 12,3511 2,616,099 1,999,440 1,335,946
(771,6201 1771,620! 2,108,912 _
t61,936) 1,513,487 (713,S551 569,617 3,508,613
• I 4 112,046) 11,734,149 6 (438,0871 It 1,267,890 S 1,600,459 • •
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I - Comprehanslve Annual Financial iltnort -
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CITY OF DENTON, TEXAS
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SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN R£TAMED EARNINGS iDEFIC1Tl • i ! t
BUDGET AND ACTUAL - IBUDGET BASIS) _ WAREHOUSE, FLEET SERVICES, AND MOTOR POOL FUNDS
FOP THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Warehouse i.
i
Variance- -
Favorable f
Budget Actual (Unfavorable)
OPERATING REVENUES:
Charges for goods and services 13,120,870 12,598,196 11522,8741 I 4
Miscellaneous _ 3,450 3,450
Total Operating Revenues 3,120,870 2,601,646 1519,2241 !
OPERATING EXPENSES:
Salaries and wages 131,154 131,099 55
Materials and supplies 2,728,200 2,173,888 554,312
Maintenance ,nd repairs 15,265 14,611 654 r !
Administrative cost
Miscellaneous 222,687 198,604 23,883
Capital outlay 4,867 4,867 r !
Total Operating Expenses 3,102,173 2,523,269 578,904
Operating Income Loss; 18,697 78,377 59,660
NONOPERATING REVENUES IEXPENSE51'
Interest revenue !
Interest expense and III charges 17,e461 17,846) -
Other 2,000 30,879 28,879 `
Total Nanoperating Revenues (Expenses) 15,846) 23,033 28,879 4 ! ,
Net Income (Loss) 12,851 101,410 88,559 ! J
RETAINED EARNINGS (DEFICIT) • Oc•.ober 1 348,638 348,638 1
RETAINED EARNINGS (DEFICIT) • September 30 I
(eudgel Gesisl 361,389 449,948 88,Si9 1
• ENCUMBRANCES AND CAPITAL OUTLAYS NET OF
CEPRECIATION INCLUDED ABOVE 131,866 131,866
RETAINED EARNINGS (DEFICITI • &,itembar 30
GAAP Basis) 1 493,255 1 581,814 11, 88.659
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Comprehensive Annual Financlel Report
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`CITY OF DENTON, TEXAS _
Fleet Services Motor Pool
Variance- Variaoce-
II Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$2,428,120 $2,175,821 11252,2991 12,573,559 $1,813,552 1 (760,0071
394 394 _
2,428,120 2,176,215 1251,905) 2,573,559 1,813,552 (760,0071`
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602,158 561,451 40,707 77,742 76,999 743
1,649,325 1,472,480 176,845 750 335 415
33,810 19,857 13,953 12,850 906 11,944
21,975 21,975
69,970 41,250 28,720 9,521 3,808 6.713
35,600 21,022 14,578 3,977,695 2,488,539 1,491,15fi
2,412,838 2,116,060 296,778 4,078,558 2,568,587 1,509,971
15,282 60,1$5 44,873 11,504,999) 1755,035) 749,964
s
3,518 3,510 195,000 406,995 211,995
110,5571 110,5571 1116,942) 1116,942)
_ 88,000 164,749 78,749
J (7,039) 17,0391 281,000 454,802 173,802
15,282 53,116 37,834 11,223,999) 1300,233) 923,765
I 156,8111 (56,8111 8,038,724 8,038,724
141,5291 13,6951 37,834 6,814,725 7,738,491 923.766
• 110,2651 (10,265) 1,229,439 1,229,439
I S 151,7941 11 113,9601 11 37,834 $ 8,044,164 $8,967,930 6 923,766
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I CompsehansNe Annual Financial Report
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--CITY OF DENTON, TEXAS
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Comprehenelve Annual 6nencie: Rapwl
_ CITY OF DENTON, TEXAS
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SUMMARY OF TRUST AND AGENCY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
f EXPENDABLE TRUST FUNDS
Misc0aneous - to account for several small trust funds which are varied in purpose.
AGENCY FUNDS
PayroN - to account for the collection and payment of the City's payroll and associated liabilities.
Deferred Compensation - to account for the City employees' investment in a deferred compensation plan.
Ij Other - to account for miscellaneous City employee funds.
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COMBINING BALANCE SHFE7 • ALL TRUST AND AGENCY FUNDS
SEPTEMBER 30, 1996
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Expendable I
ASSETS Trust Fund Agency F-ds
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Cash and deposits $19,562 12,857,633 I °
Other receivables 7,256
Total Assets $19,582 62,864,689 i
LIABILITIES AND FUND BALANCE
Accounts payable $ 3,183 $2,864,747
Due to DIM 'r funds 6 142
Total Liabilities 3,169 2,864,889 r
Fund balance 16,393
Total LlabBtdes and Fund Balance $19,582 $2,864,889 `l
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Comprehenslve tmnual Finjnclal Repon i-
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Totals
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September 30, 1996 September 30, 1995
12,877,215 12,842,356
7,266 7,256
12,884,471 12,849,612
$2,867,930 12,819,633
148 638
2,668,078 2,820,671
16,193 28,941
I 12,884,471 $2,849,612
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STATEMENT OF CHANGES IN ASSETS AND LIABILITIES ALL AGENCY FUNDS I I
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Balance f
October 1, 1995
PAYROLL FUNO
f
ASSETS
Cash and deposits It 391,589 111
Other receivables 7,258
Total Assets / 398,845 f
LIABILITIES
Accounts payable 1 398,007
Due to other funds 638
Total Liabilities 1 398,845
DEFERRED COMPENSATION FUND
ASSETS
Cash and deposits 12,401,029 -
Total Assets 12,401,029
LIABILITIES
Accounts payable • due to partlc:pants 12,401,029 ( l
Total Liabilities 12,401,029
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ALL OTHER AGENCY FUNDS
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ASSETS ll r
Cash and deposits 1 17,964
III Total Assets 1 17,964
4 LIABILITIES
Accounts payable • due to employees 1 17,964
Total liabilities It 17,964
70TAL AGENCY FUNDS
ASSETS
Cash and deposits 12,810,582
Other receivables 7,258
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Total Assets 12,817,b38
LIABILITIES
Accounts payable 12,817,000 -
• Ove to other hinds 838
Total Liabilities 12,817,838
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Comprehensive Annual Financial Rapti r
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CITY OF DENTON, TEXAS
Balance
Addliocs Deductions September 30, 1996
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$57,397,632 $57,499,493 $ 289,926
7,256
$57,397,832 $57,4£9,493 4 297,184
522,095,657 $22,196,822 $ 297,042
142 838 142
3:2,095.399 $22,197,660 S 297,184
S 625,817 $ 523,744 $2,503,102
4 625,917 1 523,744 $2,503,102
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$ 625,817 $ 523,744 $2,503,102
$ 625,817 3 523,744 $2,503,102
$ 47,5t4 S 875 $ 64,603
$ 47,514 3 875 $ 64,603
5 47,514 S 875 $ 64,603
4 47,514 / 875 $ 64,603
• I 558,071,163 $58,024,112 $2,857,633
1 7,256 _
i $58,071,163 $58,024,112 _ $2,864,889
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I $22,769,188 $22,721,441 $2,864,747
142 839 142
• 322,769,330 422,722,279 s2,854,869 0 0
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CITY Of DENTON, TEXAS
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-CITY OF DENTON, TEXAS
GENERAL FUND SUPPLEMENTAL INFORMATION
rSCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
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I Coapnhonolve Annuel Financial Ropon
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CITY OF DENTON, TEXAS _
GENERAL FUND • SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Variance.
Actual Actual Favorable
Budget Expenditures Encumbrances (Unfavorable) I
GENERAL GOVERNMENT:
Administration 10000)
Personal Services 1 429,379 11 421,021 t 4 81358
Supplies 22,255 20,141 2,114 {{1
Maintenance 1,293 658 635 i
Services 105,303 97,131 287 7,885 1
Sundry 12,700 11,516 1,195
Fixed Assets 6,970 1,659 3,616 690
Proprietary Funds Reimbursement (232,5021 123:,6021
344,398 319,623 3,902 20,673
Public Information (00011 f
Personal Services 61,105 61,105
Supplies 650 292 41 317
Maintenance 500 600
Services 6,633 4,165 197 2,271
Fixed Assets 286 28S
Proprietary Funds Reimbursement (65,6281 (65,6261
3,545 220 238 3,086
Cable TV 100031
Personal Services 11,510 5,260 6,250 I I i,
Supplies 2,862 63 2,793 6
Maintenance 21600 301 1,500 699 i
Services 2,410 2,100 310
Sundry 500 449 61
Proprietary Funds Reimbursement (7,4811 (7,481) j
• 12,301 692 4,293 7,316
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Facilities Management 100021 r
Personal Services 409,813 409,813
Supplies 40,370 37,045 3,2)5
Maintenance 165,355 148,177 31,870 5,308
• Services 776,379 158,320 12,293 5,766 • •
Adm4rostrat'we Transfer 25,000 25,000
Fixed Assets 48,107 47,864 28 315
Proprietary Funds Reimbursement 1115,1741 (115,274)
1,369,850 1,310,995 44,191 14,664 I~
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Comptihenslve Annual Financial Repoli
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_ _ CITY OF DENTON, TEXAS _
1 GENERAL FUND • SCHEDULE OF EXPENDITURES -
8UOGET AND ACTUAL ICONTINUEDI
FOR THE FISCAL YEAR ENDED SEPTEM8ER 30, 1996 -
Variance.
Actual Actual Favorable
Budget Expenditures Encumbrances (Unlavorabrel
Administrative Services (00811'
Personal Services 4 232,744 4 229,012 e 4 3,732
Supplies 15,950 15,103 390 467
Maintenance 18,671 14,958 3,700 13
Services 49,041 41,994 6,277 770
Fixed Assets 9,092 9,087 6
Proprietary Funds Reimbursement (8,1341 (8,1341
317,364 302,020 10,357 4,987
Human Resources 100081
I Personal Services 461,153 460,792 381
Supplies 33,328 29,585 382 3,361
Maintenance 3,616 3,499 117
Services 65,646 64,052 966 629
Sundry 9,755 9,754 1
Fixed Assets 7,185 7,176 9
Proprietary Funds Reimbursement -13)2,241) (312,2411
268,442 261,617 1,341 4,478
Information Services (00801
1 Personal Services 652,747 642,080 10,587
Supplies 43,925 40,964 2,724 237
Maintenance 103,754 68,024 32,66a 3,062
Services 317,528 252,228 56,933 8,367
Sundry 150 79 71
Fixed Assets 2,366 2,365 1
Proprietary Funds Reimbursement 1498,8631 (498,8631
I 521,607 406,877 92,325 22,405
W
Legal Administration ID0041
Personal Services 4F6,900 453,005 3,895
Supplies 9,977 9,780 1s 182
Mamrenanca 1,000 706 294
Services 56,659 34,306 13,403 6,960
Sundry 800 8DO •
k Fixed Assels 26,367 23,995 1,636 736
651,713 $21,792 15,054 14,867
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CITY OF DENTON, TEXAS_ I l
GENERAL FUND • SCHEDULE OF EXPENDITURES • I '
BUDGET AND ACTUAL (CONTINUED(
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances (Unfavorable} '
Municipal Court Judge 100051
Personal Services 11 171,630 It 135,728 1 1 35,902
Supplies 2,530 2,200 330
Maintenance 400 4 DO
Services 33,192 6,116 27,075
Fixed Assets 71000 6,798 202 +
214,762 150,842 63,910
Municipal Services !00091 [
Personal Services 207,648 206,839 1,009
Supplies 6,020 6,860 160 II
Maintenance 180 35 145
Services 15,829 12,684 2,604 641
Sundry 425 406 19
230,302 226,824 2,604 1,874
Library Administration 10070! j
Personal Services 140,614 135,479 5,135
Supplies 16,773 16,079 694
Maintenance 30,243 30,242 1
Services 63,966 60,743 3,223
251,596 242,543 3,917 5,136
Library Support Services 100721
Personal Services 359,142 352,737 6,405 j
Supplies 1,000 1,000 I
Maintenance 5,700 5,585 27 88
Services 700 485 215
• 366,642 359,807 27 6,708 l
Library Adult Services 100731
Personal Services 254,821 253,949 872
Supplies 6,000 5,997 3
Services 30,036 30,031 5 L
• •
• Fixed Assets 6x,300_ 64,625 476 199
356,157 354,602 476 1.019 '
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Comprehensive Annual Financial Report -
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_ CITY OF DENTON, TEXAS i
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GFNERAL FUND • SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL {CONTINUE01
FOR 1HE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances IUntavorablel
library Children Services 10074!
Personal Services 1 182,245 1 168,615 $ 1 151630
Supplies 1,200 1,097 69 14
Services 700 663 37
Fixed Assets 30,000 26,830 3,147 23
214,145 195,205 3,238 15,704
South Branch Library ;03751
Personal Services 123,370 123,370
Supplies 2,492 2,492
Services 30,000 29,247 763
Fixed 14ssets 57,185 65,981 768 436
213,047 211,090 768 1,189
Finance Administrr Lion 10020!
Persorat Servicrs 200,717 198,418 4,301
Supplies 4,917 4,898 19
Maintenance 108 108
Services 18,873 18,311 362
Fixed Assets 7,314 7,307 7
Proprietary Funds Reimbursement 153,9621 153,962!
175,767 171,078 _ 4,689
Purchasing (6021)
I Personal Services 238,288 236,688 1,600
Il Supplies 9,300 8,461 574 265
Maintenance 1,933 67 1,876
i I Services 21,702 20,052 1,73)
1 Fixed Assets 3,814 3,814
Proprie•ary Funds Reimbursement 1143,1611 1143,1811
131,936 125,891 574 5,471
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES •
BUDGET AND ACFUAL (CONTINUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance I -
Actual Actual Favorable II -
Budget Expenditures Encumbrances (Unfavo(able)
Customer Service (00221
Personal Services { 690,196 { 680,196 1 {
Supplies 194,006 193,631 377
Maintenance 2,624 2,824
Services 98,864 68,859 29,995
Sundry 27,340 27,340 ll
Proprietarv Funds Reimbursement 1950,9741 1950,9741 l J
60,048 19,678 30,372
Cashiering (00231
Personal Services 331,022 331,022 r
Supplies 6,236 8,2,)0 36
Maintenance 169 76S
Services 36,474 33,381 1093 I j
Fixed Assets 9,784 9,784 f l
Proprietary Funds Reimbursement 1322,031) 1322,0311 r .
62,254 69,125 3.129
Accounting 100241
Personal Services 476,307 459,064 17,243
Supplies 17,305 17,305
Maintenance 1,673 1,673
Services 15,098 16,069 9 II I
Fixed Assets 4,861 4,861 fl
Proprietary Funds Reimbursement 1398,137) (398,137)
3
117,107 99,855 17,262 1
f Tax 100251 I {
Personal Services 64,972 62,154 2,816
Supplies 14,960 10,713 128 4,111 I
Maintenance 60 29 21
Services 4,167 3,564 603
84,139 76,460 128 7,b53
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GENERAL FUND • SCHEDULE OF EXPENDITURES •
BUDGET AND ACTUAL (CONT{NUED)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances lUn}avorable'
Municipal Court Clerks (00261
Personal Services 1 333,228 1 329,356 1 4 3,872
Supplies 38,362 3e,426 1,761 176
Services 14,324 12,953 734 637
Fixed Assets 2,100 2,100
388,014 380,634 2,495 4,685
Interral Audit 100271
Personal Services 60,472 58,584 1,888
Supplies 4,038 3,383 12 641
Maintenance 2bO 238 12
Services 9,946 5,340 35 4,571
Proprietary Funds Reimbursement 138.61 136,6501
738,054 30.895 41 1,112
Budget (0028;
Personal Services 96,203 R8,525 7,678
! Supplies 1,100 934 7 169
Services 9,377 9,007 370
Fixed Assets 1,864 1,864
Proprietary Funds Reimbursement (81,1451 181,145)
27,399 19,185 _ 7 8,207
Finance Administration Misc. (020MI
Personal Services 402,547 388,211 16,336
Services 209,916 176,465 2,432 320019
Administrative Transler 65.465 65,465
I Sundry 235,166 177,906 6,494 $1,766
t Proprietary funds Reimbursement (143,936) 1143,9361
769,158 661,111 24,262 83,785
1 i Accounting Misc. 1024M)
Personal Services 92,450 78,021 14,423
Services 139,104 111,699 27.482 23 l
Insurance 139,849 139,849 0 0
Sundry 177,646 168,232 9,414
Proprietary Funds Reimbursement 06,6271 188,6271
L482,422 411,060 27,482 23,860
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GENERAL FUND - SCHEDULE OF EXPENDITURES -
BUDGE'r AND ACTUAL ICONTINUEDI
FOR T14E FISCAL YEAR ENDED SEPTEMBER 30, 1998
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances (Unfavorablel
Inspection 100147
Personal Services 1 480,718 4 480,228 4 1 488
Supplies 17,;20 15,787 1.433
I
Maintenance 7,927 7,822 105
Services 45,276 37,674 100 7,602 II
Sundry 100 100
Fixed Assets 40,347 36,781 $,199 2,361
691,608 678,282 1,299 11,995
Planninq and Development {00161
Personal Services 623,542 523,542
Supplies 15,586 15,491 56 39
Malnter.once 75 67 18
Services 45,103 4' 238 865 I I it
Administrative Tnnsler 18,170 18,170 `
Sundry 4,034 4,012 22
Propfietary Funds Reimbursement 110,7711 110,771} -
$95,739 594,739 58 944
Planning and Development Misc. 1015M1 I III
Administrative Transfer 82,625 82,625
Sundry 155,100 148,266 8,832 2 II
Proprietary Funds Reimbursement (37,5101 (37,6101
200,215 191,381 8,832 2
Win Street Program 10016! I
Personal Services 53,987 53,987
Supplies 1,700 1,249 451
• 6irvlces 10,396 8,835 240 1,321
Fixed Assets 495 495 _ I !
66,578 64,566 240 1,772 it
Total General Government It 8,996,178 i 8,348,917 4 281,656 1 365,60b I i
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Comprehensive Annuat Flnanclaf Report ;
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CITY OF DENTON, TEXAS
GENERAL FUND • SCHEDULE OF EXPENDITURES •
BUDGET AND ACTUAL ICONTINUEDI
FOR THE. FISCAL YEAR ENDED SEPTEMBER 30, 1996
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances (Unfavorable)
OVOLIC SAFETY:
Police 100401
Personal Services 1 8,633,811 t 6,633,611 1 F
Supplies 221,302 219,371 1,930 1
Maintenance 174,320 173,618 700 2
Sarvices 439,395 439,391 4
Administrative Transfer 61,008 61,008
Sundry 800 800
Fixed Assets 30,358 13,416 16,940
7.460,992 7,441,415 19,570 7
Fire Administration 100501
Personal Services 642,782 640,861 1,921
Supplies 26,836 26,680 70 6
Maintenance 31,296 31,223 73
Services 188,888 178,760 10,126
Sundry 265 265
Fixed Assets 4,726 4,726
794,593 782,395 143 12,055
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Fire Operations tD051)
Personal Services 3,985,121 3,977,295 7,826
Supplies 124,981 114,5E i 10,384 1
Maintewre 62,382 51,263 1,118 1
I Services 185,163 146,155 10,840 28,166
Fixed Assets 66,135 65,050 1,000 86
` 4,413,782 455+,369 23,342 36,081
1. Fire Prevention (00521 -
Personal Services 200,574 200,573 1
Supplies 10,100 10,099 1
I_ Maintenance 4,404 4,404
I Services 23,316 21,638 11680 p
238,394 236,712 1,682
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CITY OF DENTON, TEXAS_ 4
GENERAL FUND • SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL ICONTINUEDI
FOR THE FISCAL YEAR ENDED SEPTEWER 30, 1996 '
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances iUn4lvorabler
Emergency Medical Services 100531 .I
Personal Services 1 636,713 t 780,313 1 1 68,400
Supplies 69,280 88,326 945 9 !
Maintenance 37,093 37,093 f
Services 132,658 100,283 388 31,987
Fixed Assets 4,565 4,665
1,102,299 1,010,570 1,333 90,396
To Id AIM Safety 114,010,060 113,825,451 1 44,388 1 140,221 !
PU8iW WORKS: !
Engineering 100101
Personal Serv"s 1 877,220 1 877,220 1
Supplies 28,790 25,794 21996
Maintenance 15,185 9,135 33 6,017
Services 37,627 27,768 9,759 !
Fixed Assets 19,319 19,207 112
Proprietary Funds Reimbursement 12817551 12817651 ! !
949,286 930,369 93 18,684
Transportation Engineering 100121 ! i
Personal Services 293,513 262,394 31,119
Supplies 15,865 10,625 6,240
Maintenance 93,161 67,000 3,ee6 2,276
Services 44,719 41,543 412 2,758 `
447,258 401,568 x,297 41,393
• Airport 100191 ! 1
Personal Services 105,112 105,112 ! !
Supplies 3,941 3,673 7 361
j Maintenance 12,472 3,007 9,340 125
Services 11,890 10,414 755 721 i !
Sundry 400 386 14
133,815 122,492 10,102 1,221 0 O
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Comprehensive Annual Financial Report - !
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CITY OF DENTON, TEXAS_
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GEN,:RAL FUND • SCHEDULE OF EXPENDITURES •
BUDGET AND ACTUAL ICONTINUEOI
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
E
r variance-
Actual Actual Favorable
Budget Expenditures Encumbrances IUnlavorablel
Sweet Patching 100311
Personal Services It 663,616 6 663,616 6 $
Supplies 62,439 57,470 B 4,881
Maintenance 942,594 851,844 81,578 9,172
Services 120,464 116,994 435 3,035
Fixed Assets 4,218 4,218
1,793.231 1,694,042 82,021 17,168
Sweet Sweeping rDtainaas 108101
Personal Services 204,857 197,152 7,705
Supplies 20,936 19,074 1,862
Maintenance 63,281 63,143 138
Services 105,248 90,744 78 14,428
1 Fixed Assets 6,000 5,909 91
400,322 376,022 78 24,224
` Street Lighting 100341
Services 443,000 434,393 8,607
443,000 434,393 8,607
Environmental Health Services 100381
Persona? Services 144,113 144,111 - 2
Supplies 4,868 4,808 27 33
Services 5,893 5,358 535
154,874 164,277 27 670
Animal Control 100391
' Personal Services 233,229 222,228 11,001
I ( Supplies 20.026 20,015 11
Maintenance 17,662 16,720 942
Services 37,651 35,050 2,6,7
! Fixed Assets 8.543 8,543
'I r 317,113 302,555 11 14,5146
Il
~ 701a1iub7lcWorks It 4,638,899 / 4,415,719 1 98,687 1 128,613
I - Comprehensrv,a Annual Financial Report
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CITY OF DENTON, TEXAS _ j
GENERAL FUND • SCHEDULE OF EXPENDITURES • 1 i
BUDGET AND ACTUAL (CONTINUED) I
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Variance-
Actual Actual Favorable
Budget Expenditures Encumbrances IUnravorable)
A4RKS d RECREATION:
Parks b Recreation Administration (0060)
Personal Services 1 214,052 1 214,034 4 1 18
Supplies 16.606 16, 891 725
Maintenance 430 101 329 I -
Services 37,719 37,231 488
Sundry 642 541 1
Fixed Assets 4,400 4,320 8o r
273,749 272,108 1,641 II
Recreation 100621
Personal Services 653,476 849,673 3,903
Supplies 64,640 60,987 63 31690
Maintenance 18,768 17,414 100 1,254 ~I
Services 201,248 196,224 6,024
Fixed Assets 14,322 9,672 4,579 71
1,152,454 1,133,870 4,742 13,842
Park Maintenance 100631
Personal Services 962,760 916,692 46,168
Suppties 96,264 95,332 80 842
Maintenance 143,650 140,805 2,363 482 I#
Services 200,547 188,284 2,210 10,053
Sundry 150 150
Fixed Assets _ 54,700 48,509 6,980 211
1,456,061 1,389,522 10,633 57,906
10fa/ParAt A Rarrealloe 6 2,884,264 1 2,795,600 1 15,375 1 13,369 k
GRAND TOTAL GENERAL FUND 130,529,401 129,385,581 4 437.986 II 705,828
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CompraAensiva Annual Financial Report -
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CITY OF DENTON, TEXAS__
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FEDERAL £NEROY REGULATORY COMMISSION SUPPLEMENTAL INFORMATION
ELECTRIC UTILITY SCHEDULE OF ASSETS, LIABILITIES AND CAPITA!
ELECTRIC UTILITY SCHEDULE OF NET INCOME
ELECTRIC UTILITY SCHEDULE OF BUDGET AND ACTUAL EXPENSES
FOR ELECTRIC OPERATING FUND
?OR THE FISCAL YEAR ENDED SEPTEMBER 30. 1995
(UNAUDITED)
The schedules presented here reflect the Federal Energy Regulatory CommirAon IFERCI
format and basis of accounting. The FERC basis of accounting is not GAAP, This, PERC financial
presentation reflects Information for the Electric Operating Fund only.
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Comrxehemlve Annual Financial Repo,i
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CITY OF DENTON, TEXAS {
ELECTRIC UTILITY SCHEDULE OF ASSETS, LIABILITIES AND CAPITAL • IUNAUD'T£DI I I
ELECTRIC OPERATING FUND
FOR THE FisrAL YEAR ENDED SEPTEMBER 3D, 1998
ASSETS AND OTHER DEBITS September 30, 1996 September 30, 1995
Electric Utility Plant I
Electric Laility plant and adjustments $103,961,265 $ 99,902,792 I
Construction work In progress 1,139,996 1,276,816
Less: Accunmlated provision for
depreciation, amortization and depletion ;82,650,2601 159,562,4361
Net Electric UtBlty Plant 4,2,451,001 41,617,171
Other Property and Investments
Investment In associated enterprises 4,831,784 6,881,784
Total Other Property snd Mvsstments 4,831,784 5,681,784
Current and Accrued Assets
Cash, working funds and investments 49,046,820 42,634,649
Notes and other receivables 462,454 1,363,058 1 r
Customer accounts receivables 12,843,240 12,984,471 j
Less: Provision for uncollectible accounts 16,166,2661 16,400,1091
Prepaymen;., 91655 r 7
Fuel stock end expenses undistributed 916,784 1,283,443
Accrued utility revenues 3,710,320 3,196,789
Miscellaneous current and accrued assets _ 11163,057 956,038 I I
Total Current and Accrued Assets 61,385,974 65,918,337
Deferred Debits (I
Unamortired debt expenses 258,690 279,413
Total Deferred Debits 258,690 279,413
Total All end Other Debits $108,927,449 $103,696,705
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CITY OF DENTON, TEXAS_
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LIABILITIES AND OTHER CREDITS September 30, 1996 September 30, 1995
Proprtatary Cepitat
Miscellaneous capital 1 465.017 4 516,281
Retained earnings 83,277,956 76,966,281
Total Proprietary Capital 83,742,973 76,482,562
Long-Term Debt
Bonds 20,156, 711 22,181,516
(Less) unameniaetion discoun on long-term debt 1123,709) (133,7141
f Total Long-term Debt 20,033,002 22,047,802
Current end Accrued Llabllrtres
` Accounts payable 2,610,721 3,077,845
Customer deposits 1,168,187 1,165,641 ,
Interest accrued 374,868 415,752
Miscellaneous current and accrued IiabiliGes 1,007,718 607,103
Total Current and Accrued Llabilltlos 5,151,474 6,168,341
I Total UsbBitles W Other Crests 1108,927,449 1103,698,705
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-CITY OF DENTON, TEXAS
ELECTRIC UTILITY SCHEDULE OF NET INCOME - IUNAUOITEDI
ELECTRIC OPERATING FUND
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1996
Year Ended
September 30, 1996 September 30, 1995
ELECTRIC UTILITY OPERATING REVENUES $63,046,226 163,053,222
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Operation axpenses 49,862,117 48,582,203
Maintenance expenses 3,070,753 2,049,722
Depreciation expenses 3,087,824 3,225,663
Taxes and tax equivalents 2,964,197 2,943,990
Total Electric Utility Operating Expenses 58,984,891 56,801,478
Electric Utility Oparating Income 4,061,335 8,251,744
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Other electric Income 4,340,955 1,880,797
Other electric deductions (878,966) (1,000,310)
Total Other Income 3,461,989 880,487
Electric Utility Income 7,523,324 7,132,231
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Income Jeductions from interest on long-term debt 1,175,773 1,301,887
Other income deductions 83,971 81,839
Total Income Deductions 1,259,744 1,383,726
Net Income 1 6,263,580 / 5,748,605
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CITY OF DENTON, TEXAS
ELECTRIC UTILITY SCHEDULE OF BUDGE 1 AND ACTUAL EXPENSES - (UNAUDITED) I
ELECTRIC OPERATING FUND r
FOR THE PERIOD ENDED SFPTEMBER 30, 1996
Rant Operation k
Expenses Expenses
ELECTRIC PLANT IN SERVICE:
Production plant 6 71,406 1
Transmission plant 101,478 f
Distribution plant 3,038,990
General plant 269,927
Total Electric Plant 3,471,801
POWER PRODUCTION EXPENSES:
Stem power generation 1,665,307
Fuel 8,944,372
Hydraulic power generation 164,640
Purchased power 40,563,906 I I
Total Production Expanses 49,333,124
TRANSMISSION EXPENSES 65,408
DISTRIBUTION EXPENSES 3,029,654
CUSTOMER ACCOUNTS EXPENSES' 1,238,674
CUSTOMER SERVICE 6
INFORMATIONAL EXPENSES 352,666
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ADMINISTRATIVE & GENERAL EXPENSES 2,472,289
PAYMENT IN LIEU OF TAXES (R01} 2,964,198 II,
NONOPERATING EXPENSES:
Principal payments-bonds 2,024,806
Interest on long-term debt 1,185,929
Interest, customer deposils and other 83,972
Donations 110,919
$ Non-utdity operations 841,914
Total Nonopwailog Expenses 4,247,640
TOTAL EXPENSES 13,471,801 163,703,651 f
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CITY OF DENTON, TEXAS
Variance-
Maintenance Total Total Favorable
Expenses Expenses Budget (Unfavorable)
{ 1 11, 71,406 $ 190,000 6 118,594
{ 101,478 (101,478)
1 3,038,990 3,800,162 761,172
- 259,927 221,480 138,4471
3,471,801 4,211,642 739,841
934,170 2,599477 3,022,302 422,825
6,949,372 6,637,430 1311,9421
18,479 173,019 231,492 68,473
40,683,905 42,736,440 2,172,635
952,649 50,285,773 52,627,064 2,341,691
1 71,251 138,657 122,116 (14,5421
r • 1,330,325 4,359,979 4,652,153 292,174
1,239,874 1,204,061 134,6131
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352,566 468,846 116,280
348,865 2,821,154 2,861,602 40,448
2,964,198 2,964,198
I 2,024,806 2,024,806
1,185,929 1,185,929
83,972 45,000 138,972)
I 110,919 200,200 89,281
841,914 965,057 123,143
4,247,540 4,420,992 173,452 /
I. 12,703,090 $69,878,542 $73,633,273 $3,654,731
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STATISTICAL SECTION
(UNAUDITED)
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GENERAL GOVERNMENT EXPENDITURES I i
BY FUNCTION (11
LAST TEN FISCAL YEARS
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Fiscal General Public Public -
Year Government Safety Works
1987 4 7,498,530 F 7,742,987 1 3,630,471
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1988 8,468,435 8,318,904 4,040,489
1989 10,842,100 9,160,314 4,387,287
1990 10,470,382 10,184,816 4,228,457
1991 9,867,659 10,982,789 4,812,406 II
1992 10,678.876 11,497,189 4,518,068
1993 10,733,969 ts,6]7,809 4,722,845 I I
1994 8,773,398 11,917,680 4,123,527
1995 10,074,911 12,604,527 4,374,433
199e 11,610,932 13,95$,797 4,396,384 j
111 Includes General, Special Revenue, and Debt Service Funds
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CITY OF DENTON. TEXAS
Table 1
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Parke and Debt
Recreation CapitalOuttay Service Total
12,252,215 F 390,359 4 3,663,923 4 26,178,485
2,306,053 448,693 4,164,783 27,747,257
2,397,948 403,533 5,508,631 32,669,813
2,645,692 574,721 4,686,442 32,690,510
2,648,067 234,782 4,819,773 33,165,446
2,814,873 488,650 4,418,269 34,309,623
2,750,189 428,228 4,509,919 34,802,959
2,668,169 646,183 4,812,285 33,041,142
3,017,913 1,123,650 4,506,888 35,782,222
3,344,822 1,069,359 4,960,963 39,334,257
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GENERAL REVENUES BY SOURCE 111 E
LAST TEN FISCAL YEARS (I
Licenses I l
Fiscal and Franchise Fines and
Year Taxes Permits Fees forfeitures
1987 $16,865,382 1290,171 1 426,319 1 780,748
1988 17,3! 1,538 211,999 650,979 1,144,911
1989 18,674,210 222,766 696,142 1 232,766
1990 18,996,932 261,080 577,186 1,257,851
1991 18,766,479 243,070 814,940 985,632 II
1932 19,780,132 293,521 760,487 1,037,717 1
1993 20,932,369 368,619 722,881 1,313,157 II
1994 21,768,706 41e,693 5,219,164 1,195,427
1995 22,099,226 388,274 8,112,849 1,552,840
1996 22 583,299 672,575 6,067,244 1,574,050
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---CITY OF DENTON, TEXAS _
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Table 2
Inter.
Fees for Interest Governmental Miscellaneous
Services Revenue Revenue Revenue Total
$1,126,764 1 347,415 $1,123,194 4 818,656 $20,870,629
1,312,882 600,178 1,179,092 1,008,108 23,500,665
1,268,206 808,280 1,681,445 2,073,450 26,488,255
1,287,881 746,200 1,480,669 1,485,608 26,105,107
1,287,836 643,722 1,244,834 996,263 25,772,466
1,40'x,187 680,152 1,371,442 711,838 28,008,574
1,433,520 601,956 2,100,947 1,097,776 20,551,126
1,578,773 428,163 1,834,115 1,006,993 33,440,034
1,747,664 737,282 2,779,956 1,295,034 38,713,125
1,848,307 $13,429 3,375,210 2,332,969 39,167,184
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PROPERTY TAX LEVIES AND COLLECTIONS l
LAST TEN FISCAL YEARS
Fiscal Total Cwrent Tax Percent of Levy OelintIvent Tax 1
Year Tax Levy (1) Collections Collection Collections
1987 $10101,306 110,474,516 98,97% 1303,649
1989 12,1442,465 11,741,034 9840 313,375
1989 12,646,346 12,261,164 97.11 441,651
1990 13,167,415 12,719,236 96.60 336,907
1991 13,719,332 13,343,005 97.28 203,687 rf
1992 13,496,916 13,166,355 97.71 301,984 1
1993 13,732,609 13,451,202 9715 340,382 1
1994 14,023,943 13,813,826 9660 194,781
1995 11,080,169 10,930,077 9865 172,279
1996 11,076,657 10,953,056 98,98 224,806 1 If4
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Comprahwive Annual Financial Report I 1 4
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CITY OF DENTON, TEXAS
Table 3
Outstanding
Total Collections as Delinquent Taxes
Total Tex a Percent of Outstanding as a Percent of
Collection Current Levy Delinquent Taxes Current Levy
110,778,165 99.79% 11,042,749 9165%
12,064,409 98.87 1,06 <,131 8.73
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12,723,016 100.61 1,133,897 847
13,058,143 99.15 1,276,664 8,69
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13, 548,892 98.715 1,610, 563 11.74
13,490,340 9995 838,015 6,21
13,791,584 100,43 942,322 6.88
I 14, 008,588 9910 912,342 8.51
11,102,356 100.21 846,3S2 7.64
11,177,882 100.91 722,256 6.52
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ASSESSED AND ESTIMATED ACTUAL VALUE OF
TAXABLE PROPERTY f
LAST TEN FISCAL YEARS `
Real Property Prrsonal Property
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Fiscal Assessed Estimated Actual Assessed Estimated Actual
Year _ Value Value Value Value
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1987 11,621,638,234 11,521,636.2 34 1298, 627, 7,706 $298,827,706
1988 1,768,860,865 1,758,860,655 291,433,722 291,433,722 II
1989 1,833,445,786 1,833,449,786 304,911,159 304,911,159
1990 1,776,614,695 1,776,614,695 362,386,668 362,386,866
1991 1,736,498,295 1,736,496,295 3001106,990 300,106,990
1892 1,661,160,863 1,661,160,883 290,143,627 290,143,627
1993 1,659,265,581 1,659,285,681 332,456,607 332,456,607
1994 1,633,917,670 1,633,817,070 325,678,599 325,878,699
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1995 1,527,473,605 1,627,473,605 344,486,297 344,486,297 Ij
1896 1,649,536,236 1,649,635,236 370,223,623 370,223,623 J
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Information p•eulded by the Denton Central Appraisal District.
Certified Appraisal Poll,
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Tabk 4
Total
Ratio of Toth
Estimated Actual Assessed to Total
Assessed Value Value Estimated Actual
1 11,820,463,940 $1.820,463.940 100%
2,060,294,677 2,050,294,577 100%
I 2,138,350,945 21138,350,846 100%
2,139,001, 661 2,139,001, 561 100%
2,036,603,286 2,036,603,285 100%
1,951,304,490 1,961,304, 490 100%
r - 1,591,722,186 1,891,722,188 100%
li 1,859, 696, 269 1,869,596, 259 100%
1,94 3,044, 277 1,943,044, 277 100%
i 2,019,768,769 2,019,768,769 100%
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PROPERTY TAX RATES AND TAX LEVIES
DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
TAX RATES pet 1100 of Assessed Veluetbnl
Fuce1 school
Yee City Diettlct County Stale Total
1067 0.6900 0.790 .2100 .00 14106
loss 01926 0.770 .2254 .00 1.6662
1969 01926 0.630 .2219 ,00 1.6467 1
1990 0.5161 1.066 .2410 .00 1.9217
1991 0.6661 1,226 2047 .00 2.1479
1992 0.6661 1,380 .2044 ,00 2.2406
1961 0.7160 1.470 2924 00 2.4004
1904 0.7416 1500 .2094 .00 2.6071 I
1096 0.6609 116277 .2691 ,00 2.1766
1906 0.5400 1.6620 ,2764 .00 2.1711 (luull
TAX MIES
Flscel School
Yee city Olatrkl County State Totd
1967 110,111,106 116.611,126 111,414,002 1 r6 46,614,021 (4
1966 12,192,466 16,214,707 21,417,470 611974,762 `f
1069 12,640,145 20,000,711 22,146,154 56,100.609 I~
1990 191107,416 261607,710 24,414,160 61,640,661
1991 11,711,112 20,076,176 27,011,046 61,701,266 F`}
1902 19,496,916 26,677,616 27,110,965 71266,466 iI
1609 13.7331600 99,264,406 20,114,114 76,111,161 166
1904 14,029,141 91,662,717 M154,101 74,711,061
1096 11,0501161 12,662,171 11,194,101 11,061,101 ,
1996 11,076,661 11,860,687 11,176,071 01,141,211 ~I
• $tltom Denton Cenuel A0prdut Dietrkt
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-CITY OF DENTON, TEXAS
Table 6
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SPECIAL ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
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Total
Delinquent Outstanding
Current Curren Ratio of Assessments Current and
Fiscal Assessment Assessments Collections to Collections Delinquent
` Year Due Collected Amount Out Adjustments Assessments
1987 ` 4 - 1279,229
i 1888 90,711 188,618
I 1988 1,766 186,753
1990 97,036 89,717
f 1991 48,246 41,471
1992 1,370 40,101
! 1993 33,072 71029
1994 2,421 4,808
{ 1996 3,630 11078
j 1996 1,078
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RATIO OF NET GENERAL BONDED DEBT
TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA I
LAST TEN FISCAL YEARS f ]
Fiscal Assessed Value Grow
Year Population lin thousandsI Bonded Debt III
1987 66,191 71,820,404 126,366,060
lose 66,623 2,060,296 28,764,761
1981 66,011 2,136,361 30,770,309
logo 66,270 2,139,002 30,933,609 f
loll 66,470 2,036,603 20,131,568
1192 66,900 1,961,304 21,773,601
1913 67,404 1,891,722 30,97t,041
1914 68,660 1,869,696 33,240,606 E
1900 69,660 1,943,044 33,162,491
1996 70,460 21019,769 36,664,478
(11 Excludes 0enerst obnlatlon bonds pledged by solid waste revenues
1990 Census C
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CITY OF DENTON. TEXAS
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Bstio 01 Not
Less Debt Service Bonded Debt to Net Bonded Debt
Funds Net Bonded Debt Assessed Value Pal Capita
( $1,695,340 124,870,720 1,35 378
i 1,912,926 26,851,631 1.31 409
1,132,060 19,638,249 1.39 449
722,476 30,211,033 1.41 456
309,526 27,811,633 1.37 418
% 344,335 16,419,171 1.48 425
322,644 30.648.206 1.62 455
322,763 32,917,842 1.77 480
704,904 32,447,594 1.67 466
682,167 36,002,311 1.76 611
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Table 8
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 19919
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Net Assessed Value 11,907,131,196
Plus Exempt Property Total 112,827,553
Total Assessed Value 12,019,768,759
Debt Limit • No debt limit Is mandated by law
but the City does recognize six percent as
en econondc limitation 1 121,185,526
Amount of debt applicable to debt rimit [
Total general obligation bonded debt 122,911,730 1
Less general obligation bonds ple lged by
sanitation revenues 1502,2521 I
Certifica+es of obilgetion 14,276,000 35,684,476 S `
Less • Amount In debt service fund available
for psymetit of principal 682,157 4
Total Amount of Debt Applicable to Oebt Limit 32002,311
Legal Debt Margin 1 85,183,215
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Table 9
I COMPUTATION PF DIRECT AND OVERLAPPING DEBT
SEPTEMBER 30, 1996
Percentage Amount
Net Debt Applicable to Ma Applicable to
Jurisdiction Outstanding City of Dente 111 City of Denton
I City of Denton %!7,186,730 100.0% 4 37,186,730
Denton Independent School District 84,400,000 84.0 h,298,000
l Denton County 66,229,773 21.4 12,481,111
I Total 1128,943,901
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11 h The 'Percentage Applicable to the City of Oenton' le based on the relative assessed values within the City of
Denton,
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Table 10
RATIO OF ANNUAL DEBF SERVICE EXPENDITURES FOR j
GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES (1)
LAST TEN FISCAL YEARS f
Ratio of Nbt
6wvia I 1
Fiscal Interest and Total Expenddress _
Yew Aincol Fiscal Cherges Total Debt Service Expenditures tpercantl
1987 1 880,000 12,803,923 $3,863,923 126,178,486 14.66% I~
1988 2,140,773 2,024,010 4,164,783 27,747.267 16.01]
1969 3,314,187 2,194,464 6,608,8311 32,669,813 16.68
1990 2,263,092 2,323,360 4,686,442 32,690,610 14.03
1991 2,714,668 21106,106 4,819,773 33,%66,468 14.63 SS
1992 2,667,167 1,849,102 4,416,269 34,309,623 12.87
1993 2,648,068 1,963,L61 4,609,919 34,802,969 12.90
1994 3,067,666 1,764,720 4,812,286 36,968,216 13.37
1996 3,096,868 1,491,032 4,686,886 36,762.222 12.82
1998 3,649,616 1,411,448 4,960,963 39,334,267 1161
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REVENUE BOND DEBT SERVICE COVERAGE
LAST TEN FISCAL YEARS
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Net Revenue -
Fiscal Operating Direct Operating Available for Debt
Year Revenue Expenses 01 _ Service 1
Utility System 1987 $73,120,971 659,829,407 $13,291,564
1988 73,383,556 61,203,158 12,180,398 l
1989 77,365,137 60,247,313 17,117,814
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1990 78,124,699 56,569,160 21,655,439 t
1991 80,469,479 66,731,232 23,738,247 r J
1992 82,214,582 60,613,282 21,601,300 Elll
1993 85,305,207 63,733,847 21,571,360
1994 92,835.414 64,658,746 28,118,668
1995 92,501,469 72,133,031 20,368,438
1996 95,370,824 74,322,793 21,048,031
1
(1 1 Excluding Depreciation
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Comprehensive Annual Financial Ret
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Table 11
} Debt Service ReaWrements
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Principal Interest Total Coverage
i
12,020,000 $3,462,639 15,482,539 2.42
2,115,000 3,338,428 5,453,426 2.23
21250,000 3,388,817 6,638,617 3.04
2,430,000 4,274,233 6,704,233 3.22
2,900,000 4,545,866 7,445,856 3.19
3,505,000 4,250,138 7,755,138 2.79
3,635,000 4,306,073 7,840,073 2.75
r 4,016,000 3,577,695 7,692,695 3.71
4,295,000 3,249,141 1,644,141 2.70
( 4,385,000 2,952,911 7,337,911 2.87
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Compsh4nslvs Annwl Fh"al Rsport
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CITY OF DENTON, TEXAS
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PROPERTY VALUE, CONSTRUCTION AND SANK DEPOSITS
LAST TEN FISCAL YEARS
Commercial Construction 111
Fiscal Propertv Value Number
Year (n thousands)
of unite Valve
1987 11,820,484 227 446,619,495 r1
1988 2,050,296 113 21,927,481 eJ
1989 2,138,341 160 31,375,413
1990 21139,002 134 5,427,910
1991 2,036,503 70 6,149,572
1992 1,951,304 182 40,338,261
1993 1,891,722 211 30,820,954
1994 118591696 189 30,315,353 t I '
1995 1,943,044 179 14,560,423 t f
1995 21019,769 199 58,729,640
El
111 City of Denton Planning and Development Department Estimate f
121 City of Denton Chamber of Commerce Estimate
131 Bank deposits for Bank One of Texas not avaitable at time of pubticstiat I j
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•140•
~ Comprahanaha Annual Mandel Report
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CITY OF DENTON, TEXAS
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Table 12
Residential Construction 111
Bank 121
Number Deposits
of Units Value (in thousands)
` 457 033,417,130 1457,604
304 24,677,009 584,178
I
268 21,241,087 665,624
316 7^.249,671 714,892
167 12,414,459 665,830
189 22,197,221 663,992
311 28,285,720 671,821
308 33,793,717 619,211 (31
492 36,330,817 728,100131
460 35,586,747 843,527 (31
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{I 141
1 Comprehensive Annual FManetel Repot -
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CITY OF DENTON, TEXAS_ I
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Comppehenelve Annuet Flnenclal Report
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1 CITY OF DENTON, TEXAS
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Table 13
PRINCIPAL TAXPAYERS
I SEPTEMBER 30, 1996
i Percentage of
Total Taxable
Taxable Assessed Assessed
Name o' Taxpayer Kind of Property Valuation ' Valuation
1 Peterbilt Motors Diesel Trucks 6 46,228,763 2.185%
I General Telephone Telephone Utility 38,543,031 1.822%
Notamillifemark/EPIC Dev.f Hospital and 31,353,267 1.482%
Epic Prop,10enton Regional Professional Building
Medical Center
Tfi Pak Packaging 30,532,549 1.443%
Manufacturing ,
Texas Instruments Electronic Manufacturing 23,928,469 1,131%
Golden Triangle Mail Shopping Man 17,944,277 0.848%
I Andrew Corporation Elehronic Equipment 17,404,452 0,823%
Safety Kleen Corp, Recycled Industrial 13,031,197 0,516%
Solvents
Acme Brick Brick Manufacturing 12,324,665 0583%
Albertsons, Inc. Grocery Stores and 11,475,094 0.542%
warehouse
$242,765,754 11.476%
r
' Source: Denton Contra) Appraisal District Reported Property Value, 1995
tE May, 1996 Value utcd: appraisal under review.
1
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f Comprehensive Annual Financial Report - t,
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--CITY OF DENTON, TEXAS I
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SCHEDULE OF INSURANCE IN FORCE I
SEPTEMBER 30, 1996
The City of Denton is largely self-Insured. This Includes but is not limited to the first $50,000 of each I
property loss and 910,000 of each vehicle loss. However, liability policies are purchased for airport,
pafamediclEIAT, recreation program and employee dishonesty exposures. Exposures that are not retained I i
j by the City are covered by various Insurance companies including: J
f
Expiration °
Insurance Company Premium Policy No. Date
Ll
1. Arkwright $186,722 08020140 10101197
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2. Virginia Surety Co., Inc. 4,640 APK02.79396.00 10101197
3. Western World Insurance Company 6,300 NGLOO688 01131197 k
4. Western Heritage Insurance Company 1,154 CLP•0164142 08123197 II
5. Western Heritage Insurance Company 1,459 SCP•0247334 09107!97 r
6. National Union Fire Insurance 45,535 POL-483-61.84 07117!97
Company
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Comprehensive Annual financial Report 1 @
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CITY Of DENTON, TEXAS
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Table 14
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S Amount of
Coverage Limit
All Risk Coverage $233,800,000
(including boilerlmachinery, commercial crime)
Airport and Hanger Keepers Liability 5,000,000
I Ambulance-Professional Liability 500,000
Recreation Alter School Action Program • V 1,000,000
Recreation After School Action Program • Denia 1,000,000
l Public Officials Liability 1,000,000
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- Carnprehenslve Annu.il financial Report
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CITY OF DENTON, TEXAS
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DEMOGRAPHIC STATIS i ICS I I
LAST TEN FISCAL YEARS
I I
Per Capita I I
Fiscal Year Population ll I Income 111 Average Ape i ~
1 I!s
1987 65,191 9,750 27,5
1988 65,623 9,750 27.5
1989 63,011 12,013 28,2
1990 66,270 ' 12,013 ' 301
1991 66,470 12,013 30.7
1992 68,900 12,013 30.7
1993 67,422 12,013 303
1994 68,650 12,013 30.7
l:
1995 69,550 12,013 30.7
1996 70,450 12,013 30.7
I~
11) Planning and Community Development Department's Estimate
(2) Denton Independent School District Estimate l
(3) Texas Employment Commission Estimate
' 1990 Census I j
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Comprehensive Annual Financial Report I
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I CITY OF DENTON, TEXAS_
Table 15
Education Level in Public School Unemployment
School Years 111 Enrollment 12) Rate 131
15.8 91899 8.4
151 10,180 6.2
15.8 10,275 7.5
151 10,696 5.4
15.8 10,960 7.5
15.8 11,233 717
15.8 11,650 6.2
1
15.8 11,800 6.0
15.8 12,100 4.9
I - 15.8 12,512 3.5
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CITY OF DENTON. TEXAS I t
Table 16 [
MISCELLANEOUS STATISTICAL DATA
SEPTEMBER 30, 1996
L~
Fo m of Government Councit-Manager
Area 65.18 square miles
Date of Incorporation September 26, 1866
lies of Streets 255
Number of Street Lights 6,607
Fire Protection:
Number of stations 6
Number of firemen and officers
(exclusive of volunteer firemen) 104
Police Protection:
Number of stations 1
Number of policemen and officers 109 r
Municipal Electric Department: +
Number of customers 31,605
Annual electric production 926,117,692 KWH
Average monthly consumption >5,508,281 KWH
Miles of electric fine 618 miles
Municipal Water Department:
Number of customers 16,845
Annual water production 4 940,671,000 gatlons
Average monthly eonsumplion 4,11,723,OOOgallons
Miles of water main 311.3 miles j
Municipal Wastewater Department;
Number of customers 16,887
Miles of sanitary sewer 361.0 mites
Annual wastewater discharge 3,551,860,000 gallonslyear
' Building Permits Issued 659
recreation and Culture:
• Number of parks 17 with 794 acres j
Number of fibrsries 2
Library items in circulation 151,828
'Employees (All Funds): 1
Exempt 161
Nonexempt
• Total 892 '
0 •
' Does not include seasonal Employees. I
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Comprehensive Annual Financial Report
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