HomeMy WebLinkAbout1967 - 1968
~ CITY OF DENTON
i
1
000
~
oaoo~
0 F D
o ~ N T o
0 0
~ o 0
' o 0
~ O O
~ ,~pom~ .t`,ODO~
~ 00~~000oaoooonoo°°c`o
' Annual Financial Report
1 1967-1968
IMF
1
CITY OF DENTON, TEXAS
' Table of Contents
' Transmittal Letter
Accountants' Report
PART I
Exhibit
' Condensed Balance Sheets - X11 Funds, September 30, 1968 A
General Fund
Balance Sheet, September 30, 1968 B
' Statement of Revenues, Expenditures and Encumbrances 2nd
Fund Balance (and Comparison with Budget), Year ended
September 30, 1968 C
' Debt Service Fund
Balance Sheet, September 30, 1968 D
t Statement of Revenues, Expenditures and Fund Balance,
Year ended September 30, 1968 E
' Special Assessment and Capital Projects Funds
Combined Balance Sheets, September 30, 1968 F
Combined Statement of Fund Balances, Year Ended
September 30, 1968 G
' Electric System Fund
' Balance Sheet, September 30, 1968 H
Statement of Earnings (and Comparison with Budget),
Year ended September 30, 1968 I
' Statement of Retained Earnings, Year ended
September 30, 1968 11
' Water and Sewer System Fund
Balance Sheet, September 30, 1968 K
' Statement of Earnings (and Comparison with Budget),
Year ended September 30, 1968 L
' Statement of. Retained Earnings, Year ended
Septembet-- 30, 1968 M
i
1
2
CITY OF DENT_ON, TEXAS
Table of Contents, Continued '
PART I. CONTINUED
Exhibit '
Motor Pool Fund
Balance Sheet, September 30, 1968 N '
Statement of Earnings and Retained Earnings and
Investments by Other Funds, Year ended '
September 30, 1968 0
Working Capital Fund
Balance Sheet, September 30, 1968 P j
Statement of Loss, Year ended September 30, 1968 Q '
Statement of Investments (Deficiencies) by Other Funds,
Year ended September 30, 1968 R '
Trust, Agency and Miscellaneous Funds
Combined Balance Sheets, September 30, 1968 S '
Combined Statement of Fund Balances, Year ended
September 30, 1968 T
Statement of General Fixed Assets, September 30, 1968 U
Statement of General tang-term Debt V '
Notes to Financial Statements '
1
3
CITY OF DENTON, TEXAS
' Table of Contents, Continued
' PART II
' Schedule
General Fund:
t Schedule of Other Revenues (and Comparison with Budget),
Year ended September 30, 1968 1
Schedule of Expenditures and Encumbrances (and Comparison
with Budget), Year ended September 30, 1968 2
Electric Syste-r Fund - Schedule of Expenditures (and
Comparison with Budget), Year ended September 30, 1968 3
t Water and Sewer System Fund - Schedule of Expenditures (and
Comparison with Budget), Year ended September 30, 1968 4
General Fixed Assets:
' Schedule of Changes in General Fixed Assets - by Sources,
Year ended September 30, 1968 S
' Schedule of Changes in General Fixed Assets - by Functions
and Activities, Year ended September 30, 1968 6
' Schedule of General Fixed Assets - by Functions and
Activities, September 30, 1968 7
' Schedule of Bonded Debt, September 30, 1968 8
Schedule of General Obligation Bond and Interest Requirements,
t September 30, 1968 9
Schedule of Electric System Revenue Bond and Interest
Requirements, September 30, 1968 10
' Schedule of Water and Sewer System Revenue Bond and Interest
Requirements, September 30, 1968 11
t Schedule of Bondr, Authorized and Unissued, September 30, 1968 12
Schedule of Revenue Bond Debt Coverage, Year ended September 30,
1968 13
Schedule of Investments, September 30, 1968 14
' Schedule of Insurance is Force, September 30, 1968 15
4
CITY OF DENTON, TEXAS
Table of Contents, Continued
I
PART III
Table
Assessed Value and Estimated True Value of All Taxable
Property, Ten years ended September 30, 1968 1 '
Tax Rates and Tax Levies, Ten years ended September 30, 1968 II
Tax levies and Tax Collections, Ten years ended September 30, '
1968 111
Ratio of Net General Bonded Debt to Assessed Value and Net '
Bonded Debt per Capita, Ten years ended September 30, 1968 IV
Schedule of Debt Margin, September 30, 1968 V '
Schedule of Estimated Direct and Overlapping Debt, September 30,
1968 VI
Miscellaneous Statistical Data, September 30, 1968 VII '
1
1
,11V 3
' C2 Y Of Dmton Municipal Building, Dento0k-as 76201
1
t January 31, 1969
' Mr. Jim White
City Manager
City of Denton
Denton, Texas
DeAr Mr. White: 1
The Annual Financial Repbrt'of the City of Denton, Texas, for
the fiscal year ended September 301 1968, is submitted herewith.
A Certifi pf- f4nfo„ i$ w ~ b , ~ ~u t~cipal financial
Officers Assoc a on'' of lhe'U~i 5t~ t'~t Vd- C-A d' t those
governmental units whosae~~ annual financial reports are Judged to conform
' onbGovernfden aTpdccou tig', a Annue Ae~Cf~t~~~f~theiCity
of Denton, Texas, for the fiscal year ended September 30, 1965, was
' awarded a Certificate of Conformance on February 15, 1966. It is
believed that this Annual Financial Report continues to comply with
these.standards to the same extent as the report for which the
Certificate was awarded.
' All financial statements and related schedules contained in
this report are directly from the books and records W the City
' and accurately reflect the financial condition of the City at
September 30, 1968. This report covers all phases of the City's S~ R
financial operW ons with the major sections of the y}
report being tht r~.
General'Pund, the Electric Fund and the Water and Seller Fu
The City Charter requires an annual audit of at.,units H o, he
P
City government by a Certified Public Accountant wh ~ all have
no personal interest directly or indirectly in the. nancial affairs
of the City government. This provision of the Charter has been
fully complied with.
' Respectfully submitted,
t G~/
W. H. Bryant
Director of finance
' WHB:db
1
1
THE MUNICIPAL FINANCE OFFICERS ASSOCIATfO14
OF THE UNITED STATES AND CANADA 1
tertifito that
THE ANNUAL FINANCIAL REPORT OF 1
The City of Tentom,`Texas
For t6 1-76ca t yacLr Cnded September 3o,1965
CONFORMS TO THE PRINCIPLES AND STANDARDS OF '
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
;munidN( Yinantt ®fffom %josoci4tion '
AND TON
gattonai 6*10(ttte 'oft fobtrnl"tutdl Siaoanting
Pantd I146-"ry is, 1966. Cko&*^ Comp"m rr Aa.
[serWt Dinar
, i
- 1
1
1
' PEAT, NIARWICH, MITCIIELI. o% CO.
CERTIFIED PUBLIC ACCOUNTANTS
1400 ONE MAIN PLACE
DALLAS. TEXAS 73250
The City Council
City of Denton, Texas:
' We have examined the financial statements of the several funds
of the City of Denton, Texas as listed in Part I of the accompanying
table of contents. Our examination was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the
accounting records and such other auditing procedures as we considered
necessary in the circumstances, except as stated in the following para-
graph.
' Due to significant weaknesses in the system of internal control
in the Working Capital Fund, we were unable to obtain sufficient competent
evidential matter to formulate an opini,)n on the financial statements of
that fund. Therefore, we do not express an opinion on the balance sheet
of the Working Capital Fund as of September 30, 1968 or the related state-
ments of earnings (loss) and investments (deficiencies) by other funds for
the year then ended.
r The utility plant in service of the Electric System Fund is
recorded at the appraised value of reconstruction cost new, less deprecia-
tion, as described more fully in note 2 to the financial statements. The
recording of appraised values of fixed assets is not in accordance with
generally accepted accounting principles. Accordingly, in our opinion,
the $41,568,339.40 unrealized increment in valuation of utility plant in .
service should be deducted from the $20,820,797.19 utility plant in service
in the accompanying Electric System Fund balance sheet and in the condensed
balance sheets - all funds.
' In our opinion, except for the effect, if any, on net earnings of
he amount of equity in loss of the Working Capital Fund in the statements
t of earnings of the Electric System Fund ($26,563.41) and the Water and
Sewer System Fund ($23,204.93) as to which we have been unable to satisfy
ourselves (see second preceding paragraph), and except for the need to
2
deduct the unrealized increment from the appraised value of utility plant
in service in the accompanying balance sheets (,ice preceding paragraph)
and the method of recording tax and assessment revenues and receivables
described in note 7, such financial statements, exclusive of those of the
Working Capital Fund, present fairly the financial position of the several
funds of the City of Denton, Texas at September 30, 1968 and the results
of their operations for the year then ended, in accordance with generally
' accepted accounting principles applied on a basis consistent with that of
the preceding year.
The current year's supplementary data included in Schedules 1
through 15 have been subjected to the same auditing procedures and, in
our opinion, are stated fairly in all material respects khen considered
in conjunction with the basic financial statements taken as a whole.
During the course of our examination, we obtained no knowledge
of any violations of the accounting restrictions imposed by the various
' revenue bond indentures except as explained in note S to the financial
statements. However, it should be understood that our examination was
not primarily directed toward obtaining such knowledge.
1*1407
January 26, 1969
1
1
1
I t
CITY OF DENTON, TEXAS ,
Condensed Balance Sheets - All Funds
September 30, 1968 '
Special
Assessment
Deb* and Capital
Assets Ceneral Service Pro ects
Cash $ 53,662.40 6,121.38 140787.81 '
Investments - at cost (Schadule 14) 20,000.00 - 1,039,480.00
Receivables:
ARSessments - - 143,540.94 ,
Taxes - delinquent 134,249.23 60,350.55
Less allowance for uncollected taxes and
assessments (134,249.23)(60,350.55) (143,540.94) '
Utilities - net -
Other - net 174o:SOI.90 - -
Due from other funds 5t472.46 49108.00 94,793.57
Due from governmental agency - - 36,000.00 '
Prepaid expenses -
Inventories - at average cost. - -
Restricted asset e.ccounts - - - '
Property, plant and equipment (note 2) - - -
Less accumulated depreciation - - -
Investment in Motor Pool Fund - - -
Deficiency in Working Capital Fund (155.16) - - '
Amounts available and to be pro,ided for payment
of long-term debt - - -
$ 253.281.60 1.185.061.38 '
Liabilities and Fund Balances
Accounts payable $ 33,094.93 - - '
Accrued interest cn bonds - -
Construction contracts and retained percentage payable - - 1279382.81
Customers' deposits - - '
Bonded debt and other long-term liabilities - -
Due to other funds 178,157.40 5,172.46 66,039.42
Due to reAtricted asset accounts - - -
Reserves for encumbrances 3,790.62 - 293,747.33
Reserves - debt service - - -
Unrealized increment in valuation of utility
plant in service - - '
Investments (deficiencies) by General and other funds - - -
Investment in general fixed assets - -
Ccntributions by municipality and governmental agencies - - '
Appraised value of equipment at inception - - -
Retained earnings - -
Fund balances 38,238.65 5,056.92 E97,891.62 '
$ 253~281~b0 10,229 38 1.185.061.38
See accompanying notes to financial statements.
Exhibit A
1
' F U N D S
Trust,
' Water Agency and General General
Electric and Sewer Working Miscel- Fixed L.ot,d-term
System System Motor Pool Capital laneous Assets Debt
t 148.59 739109.91 214,643.17 - 5,'111.39 -
20,000.00 20,000.00 120,000.00 - 123,260.73 -
100880646.33 - - - '
834.36 -
' 143,132.23 4970392.44 54,182.13 10,112.47 =
10,083.79 - - - '
486,787.86 -
' 2,356,698.54 6869283.73 - - _
289419,558.88 1091169551.81 1,0201902.07 747.39 6,789,551.75
(7,252,689.38) (4,653,106.17) (584,416.34) - - -
71,984.45 72,792.74 = _ - -
(50396.28) (5,069.20)
' _ _ _ - 51218,500.00
541 ~ 6.189.551.75,Zi8.500,00
24.850.167,15 6.807,955.26 771.128.90 A'
i 99,858.48 31,118.02 - 89,128.57 - -
116,584.79 26,846.35 - _
' b5,166.50 75,486.46 =
201,839.29
14,04(1,000.00 3,586,200.22 - 5,118,500.00
709912.80 25,401.77 - 463 209.45 300.00 - -
10,146.00 39184•15 - _ _
19074 0 373.60 267,959.88 - - '
t 4,5689339.40 - - ' -
230,433.34 (10,620.64) - -
6,789,551.75
2,0579012.32
220,101.78
41504,946.29 7349746.09 •320,593.78 - '
139 C18 95
24.850.167.15 6.807.955.26 771.128.90 541.117.38 140.118.95 6.789.551:15 5.218,500.00
1
,I
Exhibit B
CITY OF DENTON, TEXAS
General Fund '
Balance Sheet
September 30, 1968 '
Assets '
Cash $ 53,662.40 '
Time deposits (Schedule 14) 209000.00
Accounts receivable $ 1859827.75 '
Less allowance for uncollectible accounts 11.525 85 174,301.90
Taxes receivable - delinquent 134,249.23 t
Less allowance for uncollected delinquent
taxes (note 7) _
Due from other funds 5,472.46 '
Deficiency in Working Capital Fund (Exhibit R) y155.16) ,
$ 253,281.60
Liabilities, Reserve and Fund Balance
Accounts payable $ 33,094.93
Due to other funds 178,151.40
Reserve for encumbrances 39790.62 '
Fund balance (Exhibit C) 36,238.65
$ 253,281.60
1
See accompanying notes to financial statements. '
Exhibit C
CITY OF DENTON, TEXAS r
General Fund
Statement of Revenues, Expenditures and Encumbrances
and Fund Balance (and Coanparis~n with Budget)
Year ended Se2tember 30, 1968
Actual
over (under)
Budget Actual budget
' Revenues:
General property taxes (note 7).
Current taxes $ 556,766.22 5549341.22 (21425.00)
Delinquent taxes 159815.00 202145.00 49270.00
Penalties and interest 10,000.00 9.264.63 (735 37)
582,641.22 5832750.85'' 1 109.63
Other revenues (Schedule 1):
1 Other taxes 37,500.00 141;754.52, 1040254'.52
Fees from revenue-producing facilities 2580500.00 261,650.54 3,250.54
Fines and fees 116,700.00 1279666:27 10,968.27
Licenses and permits 211350.010 22,812.05 1,462.05
Miscellaneous revenues 83,632.50 37,298.53 46 333.97)
517,682.50 591,183.91 73,501-41
Total revenues 1,1009323.72 1!174,934.76 14,611.04
Expenditures and encumbrances (Schedule 2):
Salaries and wages 1,I949577.00 1,163,282.86 (310294.14)
' Supplies 102,858.00 1069323.1.6 3,465.16
Maintenance 1340400.00 129,34`;.91 (59052.09)
Equipment rental 1520520.00 159,744.63 7,224.63
Other services 203,]36.66 244,834.84 41,703.18
' Capital outlay 439800.00 56,964.12 13,164.12
Nondepartmental expenses 130500.00 139,736.54 126,236.54
Special projects - capital outlay - 34,385.54 34,385.54
Contingencies ~23j6 _ 2( 3,6b]00)
Total expenditures and
encumbrances 1,868545 34,624.60 _1669171.90
Excess expenditures and encum-
brances over revenues 768.128.94 8591J689.84 91,560.90
Transfers from (to) other funds:
Electric System Fund (not,. 4) 564,996.46 462,447.50 (102,548.96)
Water and Sewer System Fund (note 4) 188,305.43 154,122.49 (34,182.99)
Library Building Bond Fund (27,293.06) (210293.06)
Net transfers frcan (to) _
other funds 753,301.94 5899276693 (164,025.01)
Deduction from fund balance 14,827.00 _270,411.91 (255)585.91)
Fund balance, September 30, 1967 308,651.56 308,651.56 _ -
Fund balance, September 30, 1968 $ 293,824.56 38,238.65 (255,585.91)
See accompanying notes to financial statements.
A
Exhibit D
CITY OF DENTON, TEXAS '
Debt Service Fund !
Balance Sheet
September 30, 1968 '
!I
Assets
Cash $ 6,121.38
Due from other funds 49108.00 !
Taxes receivable - delinquent $ 609350.55 !
Less allowance for uncollected delinquent 60,350.55
taxes (note 7) -
$
Liabilities and Fund Balance !
Due to other funds $ 5,t72.46 ,
Fund balance Fxhib'it E) _52056-L2
$ 10,229.38 !
!
See accompanying notes to financial statements. '
Exhibit E
CITY OF DENTON, TEXAS
Debt Service Fund
Statement of Revenues, Expenditures and Fund Balance
i Year ended September 30, 1968
Revenues:
General property taxes (note 7) $ 330,287.39
Interest on investments 2,285.00
Other 62.50
332,634.89
' Expenditures:
Redemption of serial bonds i89,000.00
Interest on bonds 136,492.00
Paying agents' fees 332.57
' 325_
Excess revenues over expenditures 60810,32
' Fund balance (deficit), September 30, 1967 (1,753.40)
Fund balance, September 30, 1968 $ S,U56.92
' See accompanying notes to financial statements.'
CITY OF DENTON, TEXAS '
Special Assessment and Capital Projects Funds
Combined Balance Sheets
September 30. :968 i
Assets Total
Cash $ 140787.81
Certificates and time deposits (Schedule 14) 110392480.00
Assessments receivable 143,540.94 '
Less allowance for uncollected assessments
(note 7) (143,540.94) '
Due from other funds 94,793.57
Due from governmental agency - Federal Library '
Construction Title II grant 361000.00
$ 1,185,_0611^.38
Liabilities, Reserves
and Fund Balances
Construction contracts and retained
percentage payable $ 127,382.81
Due to other funds 66,039.42 '
Reserve for encumbrances 293,747.33
Fund balances (Exhibit G) 697.891.82
$ 1061 38
See accompanying notes to financial statements. '
Exhibit F
1
t
' F U N D S
Street Fire Park and Libraty Municipal
Improvement Station Airport Recreation Building Building
- - - - - 14,787.81
.,000,000.00 12,480.00 - 27,000.00 -
143,540.14 - - - -
' (143,540.94) - - - - •
5,569.09 - - - 27,293.06 61,931.42
36,000.00
' 1,005,556909 121480.00 w 27,000.00 63 9=3 6 769119.23
' 50,775.49 - 31000.00 23,436.74 50,110.58
59,713.26 .96 725.78 51599.42
' 236,216.21 - 23,274.22 34,256.90 -
658,864.13 12,479.04 - - _ - 26,548.65
' 1,005,569.09 12,480.00 _ - 270000.00 63,29_3.06 16,719.23
CITY OF DENTON, TEXAS '
Special Assessment and Capital Projects Funds
Combined Statement of Fund Balances
Year ended September 30, 1968 '
Total '
Fund balances, September 30, 1967 $ 19428,046.01 '
Deduct bonds authorized and unissued as of
September 30, 1967 IA396s500.00 O
31.546 .A1
Additions:
Sale of bonds 1,6000000.00 ,
Collections on special assessments (note 7) 87,051.33
Interest on Investments ~309639.38
Encumbrances carried over from prior year 252,876.87 '
Federal grants 145,310.60
Transfers from other funds:
Electric System Fund 2000000.00
Water and Sewer System Fund 2009000.00 '
General Fund 210293.06
Other 28,003.27
2,571,174 51
Deductions:
Transfer to reserve for encumbrances 293,741.33 '
Expenditures for property and equipment 1,611:081,37
1,04,828.70
Fund balances, September 30, 1968 $ 697.891.82 '
1
See accompanying notes to financial statements. '
Exhibit C
i
i
i
F U N D S
Street Fire Park and Library Municipal
Improvement Station Airport Recreation Building Building
' 19356,298.04 12,003.54 119514,16 - - 489230.27
' 1,385,000,00 - 112500.00 = -
(28,701.96) 129003.54 14.16 48,230.27
i 11600,000.00 - - -
813051.33 - - - -
24s765.13 475.50 - 29058.75 840.00 29500.00
' 43,444.78 - 219215.47 749571.62 113,645.00
1109000.00 35,310.60
' = = = 200,000.00
200,000.00
27,293.06 -
' 27,715.43 - 287.84 -
1,782,976.67 475.50 287.84 23,274.22 212,704168 5_51,455-60
' 236,216.21 - - 23,274.22 34,256.190
859,194.37 - 302.00 - 178,447.78 573,137.22
' 1,095,410.58 - 302.00 23,?74.22 212,704.68 573,137.22
= 658,864.13 12,479.04 26,548.65
i
•
CITY OF DENTON, TEXAS '
Electric System Fund '
Balance Sheet
September 30, 1968 t
1
Assets
Current assets: '
Cash $ 148.59
Time deposits (Schedule 14) 20,000.00 '
Prepaid insurance 101083.79
Receivables (note 1):
Accounts receivable $ 539,235.05 '
Unbiiled revenue 595,671.25
I, 1340906.30
Less allowance fcr uncollectible '
accounts 44,259.97 1,088,646.33 mmzc~ Due from other funds r 143,132.23
Total current assets 1,262,010.94 '
Restricted asset atdounts:
Revenue bond debt service (note 3):
Cash 750.60 '
Certificates and time deposits (Schedule 14) 721,656.00
Due from Electric System Fund 1,700.00
Accrued interest receivable 21952..18 727,058.78 ,
kevenue bond reserve (note 3):
Cash 750.25
Certificates and time deposits (Schedule 14) 91!,560.00 '
Investments in U. S. Goverment Obligations
(quoted market, $120,506.25) (Schedule 14) 124,722.63
Due from Electric System Fund 8,446.00
Accrued interest receivable 13.254.06 11058,732.94
Revenue bond construction:
Cash 116,906.82
Time deposit (Schedule 14) 450,000.00 '
Accrued interest receivable 2,000.00 568,906.82
Utility plant in service at appraised value (note 2): '
Land and land tights 229,511.00
Electric plant production and distribut_~n
facilities, less accumulated depreciation
of $7,252,689.38 20,591.286.19 20,8209797.19 '
Construction work in progress 346,072.31
Investment in Motor Pool Fund, at cost (Exhibit 0) 71,984.45 '
Deficiency in Working Capital Fund, at net under-
lying book value (Exhibit R) (5,396.28)
S 24,850.1§,j~l~
See accompanying notes to financial statements,
Exhibit H
Liabilities, Reserves and Retained Earnings
Current liabilities:
Accounts payable $ 99,858.48
' Due to other funds and restricted asset accounts 819058.80
Customers' deposits 2019839.29
Revenue bonds due within one year 45,166.67
' Total. current liabilities 427, 23.24
Current liabilities payable from restricted assets:
' Construction contracts and retained percentage
payable $ 659166.50
Revenue bonds due within one year 96,83j.33
Accrued interest on revenue bonds 14.584.11 7762584.62
1 Long-term debt - Electric revenue bonds, .05% -
5-1/27., payable serially in varying amounts
' to November 1, 1990 (notes 3 and 5)
(Schedules 8 and 10) 14,0409000.00
Less portion due within one year:
' Payable from current assets _ 451166.67
Payable from restricted assets 496,833.33
542.6oo.00 '13,498,000.00
' Reserves (note 3):
Reserve for revenue bond debt service 159540.66
' Reserve for revenue bond retirement ,1,058.732,94 1,074',373.60
Unrealized increment in valuation of utility
plant in service (note 2) 4,558,339.40
' Retained earnings (Exhibit J) (note 4) 4,504,946.29
1
' $ 24,850,167.15
Exhibit I
CITY OF DENTON, TEXAS '
Electric System Fund
Statement of Earnings (and Comparison with Budget) '
Year ended September 30, 1968
Actual
over (under)
Budget Actual budget '
Operating revenues:
Electricity sales:
Customers $ 31855,000.00 30210,862.54 (6440137.46) '
Intergovernmental 70,000.00 749856.34 4,856.34
Other 50,000.00 4,114.94 (4S 885.06)
3,975,000.00 31289,833.82 (685,166.18) ,
Operating expenses excluding
depreciation (Schedule 3):
Salaries and wages 5181,689.33 376,591:13. (1420098.20)
Fuel for electricity production 695,100.00 625,303.91 (69,796.09)
Supplies 689245.67 80,475.32 1 129229.65
Maintenance 103,018,67 480476:09 (54;542:58) ,
Insurance 339000.00 49,546.05 169546.05
Administratfon'scrylces (note 4) 263,125.87 1600576.91 (102,548.96)
Provision for`unebliectible accounts - 34079.93 34;379.93 '
Equipment rental 35,688.00 29,602.65 (6,085.35)
Economic development 30,000.00 43,068.81 13,068481
Other services 1069851.00 131',926.86 25,075.86
1,853,718.54 1,579,947-66 (273,770.88) '
Operating income before
depreciation 211219281.46 1,709,886.16 (411,395.30)
Depreciation (note 2) 6882469.51 §881469.51 Operating income 19432,811.95 19021,416.65 (411,395.30)
Other income - interest on investments 50,000.00 86,500.59 362500.59 '
114829811.95 1,1079917.24 (374,894.71).
Other deductions -'interest on bonds 459,319.75 485,381,57 26,06102
Net earnings before equity
in loss of Working
Capital Fund I,023,492.20 6221535.67 (400,956.53)
Equity in loss of Working Capital Fund 261563,41 260563,41 '
Net earnings $ 19023,492.20 595,972.26 (4270519.94)
See accompanying notes to financial statements. '
Exhibit J
1
CITY OF DEPTFCN, TEXAS
Electric System Fund
Statement of Retained Earnings
Year ended September 30, 1968
r
1
Balance, September 30, 1967 $ 4,236,075,01
' Add net earnings (Exhibit I) 595,972.26
4,832,047.21
Deduct:
Mcrease in reserves for revenue bond
debt service and retirement $ 25,230.39
' Transfer to General Fund (note 4) a3UJIL 327,100.98
Balance, September 30, 1968 $ 495040946029
r
r
r
r ;
r
r
r
See accompanying notes to financial statements.
CITY OF DEN7TON9 TEXAS
Water as,d Sewer Syatem Fund
Balance Sheet
September 30, 1968 '
Assets
Current assets. '
Cash 5 739109.91
Time deposit (Schedule 14) 20,000.00 '
Dus- from other funds 491,392.44
Total current assets 590,502.35
Restricted assets:
Revenue bond debt service (note 3):
Cash $ 66.75 ,
Time deposits (Schedule 14) 81,700.00
Accrued interest receivable 283.91'
Due from Water and Sewer System Fund 31184.15 859234.81
Revenue bond reserve (note 3):
Cash 750.02
Certificates and time deposits (Schedule 14) 234,380.00
Accrued interest receivable 2.566.40 237,696.42
Revenue bond construction:
Cash 161,397.14
Time deposit (Schedule 14) 200.000.00
Accrued interest receivable 1.955.36 3639352.50
Utility plant in s.:rvice, at cost (note 6):
Land and land rights 99,699.92
Water utility plant less $2,372,373.55
accumulated depreciation 3,689,757.66
Sever utility plant less $2,205,713.42
accumulated depreciation 11107,487.87
Grater rights less $75,019.20 accumulated
depreciation 175_044.98 5,071,990.43
Construction work in progress 391,455.21
Investment in Motor Pool Fund, at cost (Exhibit 0) 72,792.74
Deficiency in Working Capital Fund, at net
underlying book value (Exhibit R) (5,069.20)
$ 6,801,955.26
See accompanying notes to financial statement#*
Exhibit K
1
Liabilities, Reserves,
Contributions, and Retained Earnings
Current liabilities: $ 31,118.02
Accounts payt:ble
Due to other tends and restricted asset accounts 25,406.54
Current portion of long-term debt 120,369.65
Total current liabilities 116,894.21
i
' Current itabilitieu payable from restricted assets:
Construction contracts and retained percentage $
75,486.46
payable ~
Due to other funds 3,179.311
Current portion of long-term debt 28 125.6d
Accrued interest on revenue bonds 26-'$4- 133,637.19
Long-term debt:
Water and sever revenue bonds, 3 payable
t aerially in varying amounts to July 15, 1990 3 Ob0.d0
(note 3) (Schedule 8 and 11) ,506,
86260:22
Contract payable .
31586,200'.22
Less portion due within one year: 126,364.65
Payable from current.assets 28,125.00
Payable from restricted assets
148.§9tj,65 39437,705.57
Reserves (note 3):0,$63.4L
Reserve for revenue bond debt service 237,696.42 267,959.88
Reserve for revenue bond retirement
Contributions by municipality and
' governmental agencies 2,057,0i2.32
734,746.09
Retained earnings (Exhibit M) (note 4)
$ 6,8011955.26
t
Exhibit L
CITY OF DENTON, TEXAS '
Water and Sewer System Fund
Statement of Earnings (and Comparison with Budget)
Year ended September 30, 1968 '
Actual '
over (under)
Budget Actual budget
Operating revenues: '
Water sales:
Customers $ 775,000.00 7159044.86 (59,955.14) '
Intergovernmental 110500.00 18,739.62 7,239.62
Sewer service charges 285,000.00 267,055.45 (17,944.55)
Tapping fees 150250.00 30,224.70 14,974.70
Other 10,500.00 12,745.93 2,245.93
1,097,250.00 1,043,810.56 (53,439.44)
Operating expenses excluding '
depreciation (Schedule 4):
Salaries and wages 2329504.67 224,376.13 (8,128.54)
Supplies 599148.33 67,684.10 8.535.77
Maintenance 74,483.33 63,451.30 (11,032.03)
Power 51,800.00 489567.98 (39232.02)
Administration services (note 4) 87,682.08 53,499:09 (34,182.99)
Equipment rental 310128.00 36,45800 (670,00) '
Other services 50,200,00 39,539.37 (10,660.63)
Provision for uncollectibie accounts - 15,460.99 15,460.99
Insurance 4,600.00 6,363.31 1,763.31
Economic development 100000.00 141,356.27 4,356.27
6079546.41 569,756.54 (37,789.87)
Operating income before '
depreciation 4899703.59 4740054.02 (15,649.57)
Depreciation (note 6) 295,535.62 295,535.6?
Operating income 194,167.97, 178,518.40 (15,649.57)
Other income - interest on investments 279500.00 47,541.25 20,041.15
221,667.97 2269059.55 41391.58 '
Other deduction - interest on bonds 146,312.50 136,034.29 (10,278.21)
Net earnings before equity
in loss of Working Capital '
Fund 75,355.47 90,025.26 140669.79
Equity in loss of Working Capital Fund - 23,s'34.93 23,204.93
Net earnings $ 75$55,47 66,810.33 (8,535.14)
it ~ a.~raaam
See accompanying notes to financial statements. ,
CITY OF DEI3'TON, TEXAS Exhibit M
1
' Water and Sewer System Fund
Statement of Retained Earnings
Year endEd September 30, 1968
1
' Balance, September 30, 1967 $ 786,761.67
Add net earnings (Exhibit L) 66,820.33
853,582.00
Deduct:
Increase in reserves for revenue bond
debt service and retirement $ 189212.51
' Transfer to General Fund (note 4) 100,623.40 118,835.91
Balance, September 30, 1968 $ 734,746.09
1
1
1
1
i
I
i
1
See accompanying notes to financial statemento.
Exhibit N
CITY OF DENTON$ TEXAS
Motor Pool Fund
Balance Sheet
September 30, 1968
Assets
Cash $ 214,643.17
Certificates and time deposits (Schedule 14) 120,000.00 '
Equipment at appraised value at inception, June 1,
1957 with subsequent additions at cost $ 1.020,902.07
Less accumulated depreciation 5844.416.34 4360485.73
$ 771,128.90 '
Fund Balance
Appraised value of equipment at inception, '
June 1, 195? 220,101.78
Investments by other funds (Exhibit 0):
Electric System Fund $ 71,984.45
Water and Sewer System Fund 72,792.74
General Fund 58656.15 230,433.34
Retained earnings (Exhibit 0) 320,593.78
$ 111,128.90
See accompanying notes to financial statements. '
Exhibit 0
1
CITY OF DENTON, TEXAS
' Motor Pool Fund
' Statement of Earnings and Retained Earnings
and investments by Other Funds
Year ended SeLember 30, 1968
Earnings and Retained Earnings
Equipment rental $ 187,570.00
Gain on sale of equipment 8,044.08
Interest income 5,525.00
201,139.08
Depreciation 167,821.25
' Net earnings 33,317.83
Retained earnings, September 30, 1967 287,275.95
Retained earnings, September 30, 1968 $ 320,593.78
1
Investments by Other Funds
' Water
Electric and Sewer
System System General
Fund Fond Pupd ' Total
Balarice, September 30, 1967 $ 690118.12 72,791.74 79,507.43 221,418.29
' Invested in current year 2,866.33 - 6,148.72 9,015.05
Balance, September 30, 1968 $ 71,984.45 72,792.74 SSt656.15 230,433.34
1 ~I
I
e See accompanying notes to financial statements.
1
Exhibit P
CITY OF DENTON, TEXAS
Working Capital Fund t
Balance Sheet
September 30, 1968
Asseyi t
Due from other funds $ 5:9182.13
Inventories, at average cost 486,187.86 '
Equipment 747.39 '
$ 541,717.38
Liabilities and Investments (Deficiencies) by Other Funds
Accounts payable $ 89,128.57 '
Due to other funds 463,209.45 '
Total liabilities 552,338.02
Investments (deficiencies) by other '
funds (Exhibit R) (10,620.64)
$ 713 j8
1
1
See accompanying notes to financial statements. '
1
Exhibit Q
CITY OF DENTON, TEXAS
1 Working Capital Fund
' Statement of Earnings (Loss)
Year ended SeEtpnber 30, 1968
1 Machine Central
Total Warehcuse shop Garage storproom
1 Sales to other departments $ 528,616.74 414,982.75 5,417.14 103,033.54 5,183.31
Leas cost of sales 5632570.57 453,541.04 31273.78 101,446.91 51308.79
Gross profit (loss)
on sales (34,953.83) (389558.34) 2,143.36 1,586.63 (125.48)
1 Services provided for -
other departments 739812.84 20,043.00 53,769.84
389859.01 (38,`58.34) 22,186.36 55,356.47 (125.48)
Operating expenses:
Salaries and wages 71,168.29 8,]28.73 19,380.94 43,658.62 -
1 Supplies 1,439.11 60.96 463.93 914.22
Maintenance 1,969.69 121.93 1,520.07 327.69
Equipment rental 2,184.00 - 960.00 19224.00
Miscellaneous 12,428.13 2,611.69 2,157.35 7,659.09
1 899189.22 109923.31 24,482.29 53,783.62 Net earnings (loss) $ _(5_04 330.21) 4S 9.481 f) 2 29 3) )
i
1
1
1 See accompanying notes to financial statements.
1
Exhibit R
CITY OF DENTON. TEXAS
Working Capital Fund
Statement of Investments (Deficiencies) by Other Funds
Year ended September 30, 1968 r
1
Electric Water and
General System Sewcr
Total Fund Fund System Fund
Investments by other funds, ,
September 30, 1967 $ 39,709.57 406.71 21,167.13 18,135.73
Deduct net loss (Exhibit K) 50$30.21 561.87 26,563.41 239204.93 '
Investments (deficiencies) by other
funds, September 30, 1968 $(10,620.64) 155.16) 5 39b.28} (5,069.20) '
1
1
r
r
r
1
r
1
See accompanying notes to financial statements. '
r
i
Exhibit S
CITY OF DENTON, TEXAS
Trust, Agency and Miscellaneous Funds
' Combined Balance Sheets
September 30, 1968
i
F U N D S
V remen's Parks and
Assets Total Pension Payroll Air rt
Cash $ 5,911.39 5,611.39 300.00 -
Investments - at cost (market value -
$125,681.25) (Schedule 14) 123,260.73 1230260,73
Interest receivable 834.36 834.36 = -
Due from other funds 109112.47 10,112.47
' $ X40.1,95 129 10.112.47
Liability and Fund-Balances
Due to other funds $ 300.00 - 300.00 -
! Fund balances:
Reserved for future pension
benefits 129,706.48 129,706.48, -
Reserved for parks and airport - -
improvements and maintenance 109112.47 10,112.47
Total fund balances (Exhibit T) 139,818.95 '129,- 7068 - 20,112.47
$ 1409118.95 129,706.48 300.00 109112.47
See accompanying notes to financial statements.
Exhibit T
CITY OF DENTON, TEXAS
Trust, Agency and Miscellaneous Funds
Combined Statement of Fund Balances
Year ended September 30, 1968 '
i
F U N D S
Firemen's Parks and
Total Pension Payroll Airport
Fund balances, September 30, 1967 $ 113,583.76 1139583.76 - -
Transfer of appropriated fund balance
from General fund 5,770.68 - - 5,770.68
Adjusted balances, September 30, 1967 119,354.44 113,583.76 - 5.770.68
Additions:
Contributions 189195.24 189795.24 - -
Earnings on investments 79602.28 79602.28 - -
Revenues designated for park
improvements and maintenance 91788.45 - - 91788.45 r
Revenues designated for airport
improvements 3,875.61 - - 39875.61
409061.58 269391.52 - :139664.06
Deductions:
Pension expenditures 209274.80 10,214.80 - -
Expenditures for park improvements
and maintenance 5,284.27 - 5,284.17
Expenditures for airport improvements 49038.10 - - 4,038.10
19,597.67 10,274.80 9$22.27
Fund balances, September 30, 1968 $ 139,818.95 129,706.4.8 10,112.47
i
r
r
See accompanying notes to financial statements.
1
Exhibit U
CITY OF DENTON, TEXAS
Statement of General Fixed Assets
September 30, 1968
1
General Fixed Assets
(Schedules 5. 6 -and 71
Land, at cost $ 1,1699267.16
' Buildings, at cost 13,525,564.27
Improvements other than buildings, at cost 3v494~
$ 689,551.75
Investment in General Fixed Assets
From General Obligation Bonds $ 19843,437.78
From current revenues 4,9319113.97
' From gifts _ 151000.00
$ 6,789,551.75
1
Note - Investment in vehicles and equipment by the General Fund in the amount of
' $85,656.15 is recorded in the accounts of the Motor Pool Fund (Exhibit N).
! See accompanying notes to financial statements.
e
Exhibit V
CITY OF DENTON, TEXAS '
Statement of General Long-term Debt '
September 30, 1968
Assets '
Amount available in Debt Service '
Fund (Exhibit D) S 5,056.92
Amount to be provided for payment of '
long-term debt 5,213,441.08
$ 5,218,500.00
Liability '
General obligation bonds payable (Schedules 8 and 9) $ 5,218,500.00
1
1
t
See accompanying noter, to financial statements. ,
CITY OF DENTON, TEXAS
' Notes to Financial Statements
' September 30, 1968
' (1) Receivables in the Electric System Fund include amounts due for water and
sewer services provided by the Water and Sewer Fund and garbage services
provided by the General Fund. Utility receivables are carried by the
Electric System Fund to facilitate accounting and collection procedures.
Each fund records its portion of the revenues and losses from these
' accounts.
/2) On September 30, 1961, the net carrying vale of utility plant in service of
the Electric System Fund was adjusted to $21,015,293.00, the appraised
' value of reproduction cost new, less depreciation as determined at that
date by Black and Veatch, Consulting Engineers. The excess, $4,851,497.95,
of the recorded appraised value over acquisition cost, less depreciation
' was recorded in the accounts as "unrealized increment in valuation of
utility plant in service." Subsequent additions to the utility plant have
been recorded at cost,
' Depreciation based on acquisition cost is charged to earnings during the cur-
rent year. The excess of depreciation based on appraised value over that
based on acquisition coat, $283,i58.55 was transferred from the unrealized
increment in valuation account to the accumulated depreciation account.
Approximately the same amount will be transferred to accumulated deprecia-
tion until 1972, with declining amounts thereafter.
' (3) The ordinances authorizing the issuance of electric revenue bondd created the
Revenue bond debt service account, the Reserve account and the f6ttension
and Improvement Fund. The net revenues of the electric system, after
deduction of reasonable expenses of operation and maintenance, are pledged
to such funds in amounts equal to the total annual principal and interest
requirements of the bonds and amounts requited to Jstablisb~the Reserve
account and the Extension and Improvement Fund, Funds required to be set
aside in the Reserve account are to be accumulated at a'monthly rate of
$1,000.00 until a balance of $1,062,000.00 is accumulated. After thi
t required payments to the Revenue bond debt service account and Reserve
account are made, the Extension and improvement fund is to receive monthly
12-1/2% of the gross revenues of the electric system, 'Such funds are to be
used only for the purpose of paying the cost of exten3ions and improvements
' to the electric system or for payment of maturing principal and interest in
the event that the Revenue bond debt service and Reserve account are
unable to meet current maturities.
The ordinances authorizing the issuance of water and sewer revenue bonds
created the Revenue bond debt service account and the Reserve account. The
net revenues of the water and sewer system, after deduction of reasonable
' expenses of operation and maintenance, are pledged to such funds in amounts
equal to the total annual principal and interest requirements of the bonds
1
1
2
CITY OF DENTON, TEXAS '
Notes to Financial Statements, Continued '
1
(3) Continued
and amounts required to establish the Reserve account. Funds required to be '
set aside in the Reserve account are to be accumulated at a monthly rate of
$1,685.00 until a balance of $265,600.00 is accumulated. The City also
pledged to maintain rates sufficient to pay all operating and maintenance '
expenses and to produce net revenues, as defined in the ordinances, in amounts
not less than 1.3 times the amounts required to pay the principal and interest
on the bonds and Reserve account payments as they become due. '
(4) The City Charter provides for an annual payment to the General Fund from excess
revenues (as defined in the City Charter) of the municipal utility systems in '
art amount not to exceed six per cent of the City's net investment in the
utility systems. During the year ended September 30, 1968, the General Fund
received transfers of $301,870.59 from the Electric System Fund and
$106,623.40 from the Water and Sewer System Fund under this provision of the
City Charter.
The General Fund also receives payments from the utility systems for administra-
tion services. In the current year the General Fund received $160,576.91 ' j
from the Electric System Fund and $53,499.09 from the Water and Sewer System
Fund. '
(5) The ordinances authorizing the electric revenue bonds require that the Revenue
bond debt service account and Reserve account be deposited in the f'i'rst
National Bank in Dallas as trustee of the pledged revenues, and that all '
investments of the Reserve account and Extension and Improvement Find be
held in escrow by the Firat National Bank in Dallas. The funds have been
deposited in the First State Bank, Denton, Texas and the investments are
held by the First National Bank in Dallas for the account of the First State
Bank, Denton, Texas.
(6) A review by management indicated that, based on experience, the estimated useful '
lives of certain classes of plant and equipment in the Water and Sewer System
Fund were longer than the average lives being used to compute depreciation.
Accordingly, as of September 30, 1968, these lives were revised to reflect '
the cv,rrent estimates of useful life. As a result of this change, deprecia-
tion and net earnings of the Water and Sewer System Fund for the year ended
September 30, 1968 were decreased and increased, respectively, by approxi-
mately $195,000.00.
3
CITY OF DENTON, TEXAS
' Notes to Fioanc:ial Statements, Cootii,ued
1
(7) The City has followed the consistent practice of preparing the annual budget
based on anticipated cash collections of tax and assessment revenues as
required by the City Charter. Accordingly, for proper comparison, tax and
assessment revenues are reccrded in the books of account only when collected
' and an allowance is recorded equal to the uncollected receivable balances.
The required legal accounting practices being followed by the City vary from
generally accepted accounting principies under which revenues are recorded
on an accrual basis with an allowance for estimable uncollectible amounts.
Had the accounts been maintained in accordance with generally `accepted
accounting principles, net revenues in Exhibits C, E and c would have been
decreased-by'approximately $2,500, $1,500, and $57,700, respectively, during
' the current year. Also the allowances for uncollected amounts would have
been decreased in Exhibits B, D and F in the approximate amounts of $33,300,.
$18,2000 and $58,000, respect::vely, with a corresponding increase in the
' fund balances.
1
f
~r.
Schedule 1
CITY OF DENTON. TEXAS ,
General Fund
Schedule of Other Revenues (and Comparison with Budget)
Year ended September 30, 1968
Actual
over (under) '
Budszet Actual budget
Other taxes: '
Sales tax $ - 1059040.10 1059040.10
Franchise tax - Lone Star Gas Co. 170500.00 16,359.27 (11140.73)
Franchise tax - General Telephone
Co. of the Southwest 20,000.00 20355.15 355.15 '
372500.00 141,754.52 106,254.52
Fees from revenue-producing facilities:
Garbage charges 245,000.00 246,961.35 1,961.35
Swimming pool receipts 9,000.00 9,6 5,74' 635.74
Cemetery service 20000.00 2,33.50 343.50
Community building rent 2,500.00 2709.95 209.95
258,500.00 2619650.54 3,150.54
Fines and fees:
Corporation co+irt 1150000.00 1250253.77 10,253.77
Animal pound 200.00 120.00 (80.00)
Auto pound 1,500.00 1,790.50 290.50 i
Police record checks 504.00 504.00
116,700.00 1272668.27 10,)68.27 '
Licenses and permits:
Zoning permits 1,000.00 945.00 (55.00)
Tax certificates 1,000.00 1,046.00 46.00
Dog licenses 250.00 450.75 200.75 '
Electric and plumbing licenses 19000.00 11230.00 230.00
Vital statistics 13500.00 10990.00 490.00
Building permits 14,000.00 14,229.01 229.01 '
Miscellaneous permits 20000.00 11223.29 (776.71)
Loading zones 600.00 47.00 (553.00)
Garbage dump permits - 1,651.00 1,651.00 '
21,350.00 229812.05 10462.05
Miscellaneous revenues:
Parking meter receipts 26,000.00 69307.98 (19,692.02)
Electric inspections 3,250.00 31995.07 745.07
Plumbing inspections 30750.00 4,692.18 942.18
Paving assessment interest - 2,171.13 2,171.13
County fire runs 1,500.00 560.00 (940,00)
C,;unty radio and identification 3,000.00 3,000.00
Rents and concessions 40500.00 586.63 (31913.37)
Matching funds - Civil Defense 250382.50 61005.95 (190376.55) '
Interest income 15,000.00 70530.84 (71469.16)
Miscellaneous income 1,250.00 2,448.75 1,198.75
83,632.50 37,298.53 (46,333.97)
Total other revenues $ ZL" 91 183 73 5 .41
_f
Schedule 2
CITY OF DENTON, TEXAS
' General Fund
Schedule of Expenditires and Encumbrances
(and Comparison with Budget)
Year ended Se?tember 30, 1968
Actual
ovar (under}
Budget Actual budget
General government:
Salaries and wages $ 419111.00 48,977.21 79866.21
Supplies 3,500.00 (9601:43 20101.43
Maintenance 1,500.00 29185417 1,285.17
Equipment rental 600.00 456:00 (150.00)
Other serviles' 22,000.00 390401.71 110401.71
Capital outlay 2,500.00 34+9445.96 1,445.96
t 710211.00 1010161.48 29,950.48
$inancd office:
Salaries and Gages 19,680.00 170100:18 (29579.82)
t Supplies 550.00 11395.02 (!54.98)
Other services 2,285.00 30447)98 111162.98
Capital outlay - 10840.43 ),840.83
' 229515.00 22,783.61 +268.61
Tax department;
Salaries and wages 23,528,00 22,281.50 (1,246.50)
' Supplies 2,000.00 3,405.17 1,405.17
Maintenance 750.00 410092 (339.OE)
Equipment rental 480.00 480.00 -
t Other services 3,500.00 18,978,51 159478.51
Capital outlay 115.40 115.40
302258.00 45,671.50 15,413.50
' Utility accounting:
Salaries and wages 110,8',8.00 1149496.39 30638.39
Supplies , 15,000.00 17,726,23 ?,126.23
Maintenance 3,500.00 ?2318,88 (1,121.12)
' Equipment rental 340000.00 35,:27,38 1,127.38
Other services 14,800.00 18,261,81 3,461.81.
Capital outlay 640.00 5,557.22 49917.22
' 1780798,00 _193,547.91 _14,149.91
Purchasing and warehouse:
Salaries and wages 9,315.00 99402.84 87.84
Supplies 1,000.00 615:68 `(384.32)
Maintenance - ' 63:58 63.58
Other services 2,000.00 1033.:96' (668.04)
Capital outlay 485.00 1.233 :42 752.42
12,800.00 12,6)1.48 (148.52)
' Continued
1
2 Schedule 2, Cont.
CITY OF DENTON, TEXAS '
General Fund '
Schedule of Expenditures and Encumbrances
(and Comparison with Budget), Continued '
Actual
over (undr-:)
Budget Actual budget
Legal department: '
Salaries and wages $ 30,436.00 280639.59 (19796.41)
Supplies 700.00 1,444.09 744.09
Maintenance - 160.56 160.56 '
Equipment rental - 159.15 159.75
Other services 10,200.00 130235.10 3,035.10
Capital outlay 49000.00 49344.23 344.23 '
459336.00 479983.32 2647.32
Health and sanitation - inspection:
Salaries and wages 51760.00 7,053.10 12293.10 '
Supplies 400.00 253.29 (146.71)
Maintenance 200.00 10$.12 (91.48)
Equipment rental 300.00 300.00 '
Other services 59500.00 71569.52 2,069.52
.Capital outlay - 472.35 472.35
12,160.00 15,756.38 3,596.38 '
Health cnd sanitation - garbage collection:
Salaries and wages 1389440.00 140,819.94 2,379.94
Supplies 15,000.00 15,510.98 510.98
Maintenance 26,000.00 28,734.09 22734.09
Equipment rental 299280,00 29,280.00 -
Other services 149200.00 149606.7 406.75
2220920.00 228,951176 6,031.16 I
Health and sanitation - garbage disposal:
Salaries and wages 15,942.00 1`,,522;60 (419.40) '
Supplies 10400.00 19299.47 (100.53)
Maintenance 1,500.00 79086.60 (413.40)
Equipment rental 90600.00 18,600.00 - 9,000.00 '
Other services 21200.00 19361.86 (838.14)
Capital outlay 400.00 - (400.00)
37,042.00 43,810.53 40828.53 '
Civil defense and safety:
Salaries and wages 12,308.00 7,133.OQ. 00175.00)
Supplies 600.00 411.87 „ (188.13)
Maintenance 900.00 434.33 34.33
Equipment, rental 840.00 600.00 (240.00)
Other services 29000.00 1,541.38 (458.62)
Capital outlay 900.00 1,27;2, SQ. -,0372.50
'
17,548.00 11,893.08 (5,654.92)
Continued '
1
3 Schedule 2. Cont.
t
CITY OF DENTON, TEXAS
' General Fund
' Schedule of Expenditures and Encumbrances
(and Comparison with Budget), Continued
' Actual
over (under)
Budget Actual budget
' Police department:
Salaries and wages $ 2720181.00 2659818.92 (6,902.08)
' Supplies 209322.00 228292.26 1,970.26
Maintenance 160000.00 219580.98 5,580.98
Equipment rental 169440,00 16,802.50 362.50
Other services 31,920.00 36,745.20 40825.:0
' Capital outlay 615.00 6131¢.94 50695.94
3589078.00 3690,610680':-ii,532.80
Fire department:
' Salaries and wages 1989044000 199,608,55 1,564.55
Supplies 7,550.00 5,46)..17 (2,088.83)
Maintenance 69250.00 ;7,3),5.51 1,065.51
' Equipment rental 10,740.00 109740.00
Other services 29,138.66 31,551,05 2;412.39
Capital outlay 21860.00 2,484,53 (375.47)
' 254,582.66 257,160.81 2,578.15
Engineering and drafting:
Salaries and wages 96,132.00 80,410.57 (159721.43)
Supplies 41500.00 41344.83 (155.17)
Maintenance 8,500.00 61343.19 (29156.81)
Equipment rental 30900.00 3,720.00 (180.00)
1 Other services 9,950.00 10,698.93 748.93
Capital outlay 800.00 20285.14 10485.14
123,782.00 107$802,66 {15,979.34)
' Street department:
Salaries and wages 104,259.00 1010310.53 (3,148.47)
Supplies 6,000.00 5,196.69 (203.31)
Maintenance 50,000.00 37;831'.78 (129168.22)
Equipment rental 33,340.00 32,280:b6 (1,060.00)
Other services 22,000.00 17,036.23 (4,963.77)
2159599.00 1940055.23 (21,543.77)
Continued
1 3
i
1
4 Schedule 2, Cont.
CITY OV DENTON, TEXAS
General Fund '
Schedule of Expenditures and Encumbrances t
(and Comparison with Budget), Continued
Actual '
over (under)
Budget Actual budget
Parks and recreation department - ,
director and parks:
Salaries and wages $ 55,082.00 622019.47 (3,062.53) '
Supplies 15,251.00 130407.31 (1,843:69)
Maintenance 102000.00 11.293.26 1,293.26
Equipment 'rental 11,200.00 11,170.00 (30.00)
Other services 13,869.00 12,422036 (1,446.64) '
Capital outlay 11,500.00 139753.78 (31746.22)
132,902.00 124,066.18 ,(80835.82)
Parks and recreation department -
swimming pools:
Salaries and wages 7,923.00 8,723.22 800:22
Supplies 29935.00 2,787.17 (141.83) '
Maintenance 10500.00 393.78 {l~106.22)
Other services 31704.00 _ 39709.96 5.96
16,062.00 15,614.13 (447.87) '
Parks and recreation department -
other activities;
Salaries and wages 26,760.00 23,399.94 (3,360.06)
Supplies 59850.00 5,570.50 (279.50)
Maintenance 1,500.00 19G89.71 189.71
Equipment rental 10800.00 35.00 (1,765.00) '
Other services 119321.00 10,298.79 (12022.21)
Capital outlay 139100.00 139299.22 199.22
609331.00 54,293.16 (60037.84)
Cemetery department:
Salaries and wages 11,037.00 10,639.06 (397,94)
'
Other services 10500.00 2,030,16 1 . 530076
12,537.00 12,669.82 132.82
Library: '
Salaries and wages 59181.00 66.23 (5,114.15)
9!0plies 300.00 - (300.00)
Maintenance 300.00 237.45 (62.55) '
Other services 11049.00 609.98 (439.02)
Capital outlay - 45.00 45.00
61,830.00 958.68 (59871.32) '
Continued
5 Schedule 2, Cont.
' CITY OF DENTO14, TEXAS
General Find
Schedule of Expenditures dnd Encumbrances
(and Comparison with Budget), Continued
Actual
' over (under)
Budget Actual bu'lz"
Nondepartmental expenditures:
Insurance $ 13,500.00 13,123.00 (377.00)
Contributions to Motor Pool Fend 1,148.72 6,148.72
Loss from Working Capital Fund - 561.87 561.87
' Other - 12034.41 19034.41
Provisions for uncoilectible accounts 783.24 783.24
Contributions to Flow Hospital 1189085.30 1180085.30
t 139500.00 139,736.54 126,236.54
Special projects - capital outlay:
Civic Center - 112535.00 11,5Y.'00
' Community Building = 22,850.54 220$50.54
34,385.54 34$85.54
' Contingencies 23,661.00 - (23,661.00)
Total expenditures and
encumbrances $ 1,868~5~2.~66 _21034,624.60 16b,171.94
CITY OF DENTON, TEXAS Schedule 3
Electric System Fund ,
Schedule of Expenditures (and Comparison with Budget)
Year ended September 30, 1968
Actual
over (under)
Budget Expenditures budget '
Electric production:
Salaries and wages $ 230,820.00 210,266.21 (20,553.79)
Supplies 49,265.00 210457.06 (279807.94) '
Fuel 695,100.00 625,303.91 (69,796.09)
Maintenance 489647.00 23,564.89 (25,082.11)
Equipment rental 2,760.00 21184.52 (575.48) '
Other services 54,482.00 379889:92 (16,592.08)
Capital outlay 44,630.00 22,510.33 '(22,119.67)
101259104.00 943,1.16.84 (1829527.16) '
Electric distribution:
Salaries and wages 215,956.00 122,846.30 " (931109.70)
Supplies 159287.00 56,12'x.61 41;034'.67 '
Maintenance 449555.00 22,712.61 (21,842.39)
Equipment rental 281068.00 26,010.13 (21057.87)
Other services 340878.00 72,669.28 37,791.28 '
Capital outlay 350,895.00 347,984:48 (2,910.52)
689,639.00 - 6491 5` 4~ 4.41 (41,094.53)
Electric metering:
Salaries and wages 36,060.00 239111.23 (12,888.77)
Supplies 2,627.00 424.79 (2,202.21)
Maintenance 9,250.00 1,764.67 (7,485.33) '
Equipment rental 3,660.00 600.00 (3,060.00)
Other services 5,491.00 3,032.16 (2)458.84)
Capital outlay 409065.00 179966.93 (22,098.07)
97,153.00 46,959.78 (50,193.22)
Nondepartmental.- insurance 33,000.00 49,546.05 16,546.05
Economic development 30,000.00 43,068.81 13,068.81
Pro rata share of utility administration
expense:
Salaries and wages 359853.33 200307.39 (159545.94)
Supplies 1,066.67 21271.80 19205.13
Maintenance 566.67 433.92 (132.75)
Equipment rental 1,200.00 808.00 (392.00)
Other services 12,000.00 182335.50 61335.50
Capital outlay 31310.00 5,241.18 1,931.18
'
53,996.67 47,397.79 (6o598.88)
Transfers to General Fund - administration
services 2630125.87 1600576.91 (102,548.96)
Provision for uncollectible accounts _ 340379.93 34,379.93 '
Total expenditures 202920618.54 199739650.58 (3180967.96)
Deduct capital expenditures 438,900.00 3939702.92 (459197.08)
Expenditures charged against
operating revenues $ 1,853~5 1,579947 66 (273,770 88)
Schedule 4
CITY OF DENTON, TEXAS
Water and Sewer System Fund
' Schedule of Expenditures
(and Comparison with Budget)
Year ended September 30, 1968
Actual
' over (under)
Budget Actual budget
Water production and treatment:
Salaries and wages $ 45,316.00 430595.40 (1,720.60)
Supplies 43,200.00 50,81767 7,617.67
Power 42,000.00 37,175.30 (4,224.70)
Maintenance 79000.00 49050.63 (2,949.37)
Equipment rental 762.00 822.00 60.00
Other services 249000.00 119916.58 (129083.42)
Capital outlay 2,165.00 ; 1346.35 (10818.65)
164,443.00 149,323.93 (15,119.07)
Water distribution: 11
' Salaries and wages 59,911.00 59g596.82 (314.18)
Supplies 51100.00' •+4;603.43 (496.57)
Maintenance 469000.00 362463.49 (9536.51)
' Equipment rental 179322.00 17,268.00 (54.00)
Other services 69000.00 7•9088.64 1,088.64
Capital outlay 44,000.00 489238.93 4,238.93
' 178,333.00 173,254. 1 (5,073.69)
Water metering:
Salaries and wages 149856.00 149906.44 50.44
Supplies 915.00 10204.54 289.54
Maintenance 29100.00 8,568.80 5,868.80
Equipment rental 360.00 300.00 (60.00)
Other services 29700.00 29183.31 (516.69)
Capital outlay 279000.00 46,959.53 19,959.53
48,531.00 749122.62 259591.62
Sewage treatment and disposal: r1,
Salariee and wages 36,084.00 " I6,56h.04 424.04
supplies 49000.00 ' 4,729.50 729.50
Power 9,800.00 10,792.68 992.68
Maintenance 5,500.00 2)938.54 (2,561;66)
Equipment rental 762.00 - 822.00 60.00
Other services 39300,00 31491.20 191.20
Capital outlay j3y•b0. :,„I61.44 (tIl<56)
599819.00 599443.40 (375.60)
Continued
2 Schedule 4, Cont.
CITY OF DENTON, TFXAS
Mater and Sewer System Fund
Schedule of Expenditures
(and Comparison with Budget), Continued ' j
Actual
over (under)
Budget Actual budget
Sewage r.ollection: i 1
Salaries and wages $ 59,911.00 59,615.74 (295.26)
Supplies 59400.00 5,193.06 (206.94) '
Maintenance 13,000.00 11,212.81 (11187.13)
Equipment rental 17,322.00 16,842.00 (480,00)
Other services 89200.00 11,508.80 3,308.80
Capital outlay 459000.00 13,206,44 (3.,,793.56;
1489833.00 117,58,91' (31;254'.09)
Nondepactmental - insurance 49600.00 6,363.31 - 1,763.31
Pro rata share of utility administration
expensEs: '
Salaries and wage a 169426.67 10,153.69 0,272.98)
Supplies 533.33 1,135.90, ;602.57
Maintenance 283.33 216.97 166.36)
Equipment rental 600.00 404.00 (196.00) '
Other services 6,000.00 39350.8,4 (2,649.16)
_ _9_65 59
Capital outlay _1,655.00 21620.59
25,498.33 17,881.99 (7,616.34) '
Economic development 102000.00 14356 27 4,356.27
Transfers to General Fund - administration
services 87,682.08 53,499,09 (34,182,99)
Building program 200,000.00 200,000.00 w t
Provision for uncollectible accounts 15,460 99 f5 4699
Total expenditures 927,739.41 881,2$9 82 (46,449.59)
Deduct capital expenditures and contract
payment for Garza-Little Elm Reservoir 3200193 00 311,533.28 (8065,9,72)
Icpendituxes charged against
operati3 revenues $ 607607,5~46.41~ 569~756.54`' (`371,`189 )
1
Schedule 5
1 w-
CITY OF DENTON, TEXAS
' Schedule of Changes in General Fixed Assets - by Sources
Year ended September 30, 1968
Improvements
1 other than
Total Land Buildings buildings
Balance, September 30, 1967 $ 514879120.72 716,141.50 1,2500495.36 3,5190883.86
' Add:
Expenditures from Capital
Projects Funds 1,211,081.37 4402990.66 3512822.15 418,268.56
Expenditures from General , I i: .1 'I
Fund 91, 349.66 11r 535.00, _41 246.76 I56, 561.90
1i ?3t2,431.03 452,525.66 3750068:9.1 474836.46
Balance, September 30, 1968 $ 6,789,551.75 1,169,267.16 ' 1',625,564.27 3,994.720.32 j
e
i
1
1
1
1
1
1
1
Schedule 6
CITY OF DENTON, TEXAS
Schedule of Changes in General
Fixed Assets - by Functions and Activities
Year ended September 30, 1968 ,
Balance Balance
September 3U, September 30, '
1967 Additions 1968
General government: ,
Staff agencies:
Administrative offices and boards $ 1,356.92 3,945.96 51302.88
Finance 71277.00 31193.25 10,470.25
Law 2,762.76 4,344.23 70106.99
Engineering 15,302.91 2,285.14 17,S68:05
General Sovbrnaoent buildings, land 1 11
and other. 10351 183.94 173,137.22 1,524$21.16
Utility accounting 1,603.01 51557.22 7,160.23 ,
Total general government , 1,319,486.54 192,463.02 1,511,949.56
Public safety:
Police protection 49281.24 6,310.94 10,592.18
Fire protection 145,374.85 2,484.53 1471859.38 ,
Civil defense and safety 10,313.35 359658.04 45,971.39
Total public safety 159,969.44 44,453.51 204,421.95
Streets and highways 3,131,773.32 8593194.37 31996.967.69 '
Sanitation and waste removal 549485.46 - 54,485.46
Health and hospitals 150,000.00 472.35 1540472.35
Libraries 84,496.69 1782492.78 2620989.47 ,
Parks and recreation 2922215.95 272053.00 319,268.95
Airport 228,693.32 . 302.00 - 228,995.32
$ 5,487 ,120.J2 1,302,431,03 6,789,551,75 ,
1
1
Schedule I
CITY OF DENTON, TEXAS
Schedule of General Fixed
Assets - by Functions and Activities
' September 30, 1968
Improvements
' other than
Total Land B ild" ing8 buildings
General government:
' Staff agencies:
Administrative offices
and boards $ 51302.88 - - 5,302.88
' Finance 100470.25 - 100470.25
1jLW 7,106.99 7,106.99
Engineering 17,588.05 - - 170588.05
General government
buildings, land and
other 1,5241321.16 524,883.00 0789087.57 105450.59
Utility accounting 71160.23 - - 7,160.23
' Total general
government 1,5719949.56 524,883.00 978,987.57 68,078.99
' Public: safety:
Police protection 109592.18 - - 10,592.18
Fire protection 147,859.38 19,849.00 78,16.00 450874.38
' Civil defense and safety 450971.39 11,535.00 22,565.54 11,870,85
Total public safety 204,422.95 310384.00 100,70-1.54 72,337,41
' Streets and highways 3,996,967.69 446,521.16 305509446.53
Sanitacion and waste removal 54,485.46 18,479.00 36,006.46
Health and hospitals 150,472.35 - 150,000.00 472.35
t Libraries 262,989.47 - 2629879.62 109.85
Parks and recreation 3199268.95 83,000.00 ' 60141.22 2309117.73
Airport 228,995.32 650000.00 12f,1854.32 _ 37,141,00
6,7899551.75 1,169, 667.6 625,Sb4.27 3 9x,720.32
1
1
CITY OF DENTON, TEXAS t
Schedule of Bonded Debt
September 30, 1968 '
Interest '
Rates Payable
General Obligation Bonds: '
1929 Fire Station Improvement 5% 1-1; 7-1
1929 Park Purchase and Improvement 51 1-1; 7-1
1929 Street Imaprovement 5% 1-1; 7-1 '
1947 T:ibrary Building 2-112% 5-1; 11-1
1948 Street improvement 3-1/4% 3-1; 9-1
1960 Street improvement 3-1/2 to 9.857. 1-15;7-13 '
1962 Street Improvement 2-3/4 to }-1/5% 3=15; 9-15
1963 Permanent Improvement Warrants 2-3/4 to 2.85x.'' 4-15; 10-15
1963 General Obligation 2-1/2 to 3-1/4% 3-15; 9-15
1964 General Obligation 3 to 5% 1-15; 7-15 '
1964 Park Improvement 3 to 5% 1-15; 7-15
1966 Airport Improvement Warrants 4-1/29. 6-1; 12-1
1966 General Obligation 3.3 to 5% 1-15; 7-15 '
1967 General Obligation 4.25% 5-15; 11-I5
1966 General Obligation 4 to 5% 2-1; 8-1
Total General Obligation Bonds (Schedule 0)
,Electric System Revenue Bonds:
1954 Electric System 2-3/4'to'2.9% 5-1; 11-1
1955 Electric Systems 2-3/4 to 2.99. 5-1; 11-1
1955-8 Electric System 3% 5-1;11-1
1961 Electric System 3-3/4 to 5-1/2`7. '5-1; 11-1
1965 Electric System .05 to 5% S-10 11-1
1968 Electric System 4 to 57. 5.1, 11-1
Total Electric System Revenue Bonds (Schedule 10)
Water and Sewer System Revenue Bonds: '
1960 Water and Sewer System 4 to 5% 1,15, 7-15
1962 Water and Sewer System 3 to 3,4~% 1-15, 7-15
J.964 Water and Sewer System 3 to 3.4% 145; 7-15
1966 Water and Sewer System 3.3 to,4,5,;, 1-25. 7-15 '
Total Water and Sewer System Revenu^ Bonds (Sche.dule 11)
Notes: '
(1) Bonds maturing within one year; varying amounts mature serially thereafter.
(2) Wo,000.00 maturing May 15, 1970 through May 15, 1989.
(3) $50,000.00 maturing November 1, 1969 through November 1, 1988. '
r
Schedule 8
1
Final Annual
Issue maturity principal Bonds
date date payments issued Retired (outstanding
7- 1-29 7- 1-69 Y 2,000.OO 30,000.00 28,000.00 21000.00
7- 1-29 7- 1-69 10000.00 189000.00 170000.00 1,000.00
' 7- 1-29 7- 1-69 2,000.00 31,000.00 35,000.00 2,000.00
11- 1-47 5- 1-69 25,000.00 50,000.00 25,000.00 25,000,00
3- 1-48 3- 1-71 25,000.00 (1) 150,000.00 259000.00 1259000.00
7-15-60 7-15-85 25,000.00 600,000.00 175,000.00 425,000.00
3.15-62 3-15-87 20,000.00 500,000,-00 1209000.00 )80,000.00
4-15-63 4-15-76 20,000.00 (1) 305,000.00 45,000.00 2609000.00
' 3-15-63 3-15-88 20,000.00 5009000.00 1001,000.00 4000000.00
7-15-64 7-15-82 20,000.00 (1) 800,000.00 50,000.00 ?,501000.00
7-15-64 1=15-82 10000.00 (1) 200,000.00 40,000.00 60,000.00
12- 1-66 12- 1-81 500.00;(1) 113,566.00 - 13,500.00
1-15-66 1-15-86 25,000.00 (1) 1,0000000.00 25-000.00 59000.00
11-15-67 5.15-89 - (2) 600,000.00 00,000.00
2- 1-68 2- 1-88 25,000.00 (1) 11000,000.00 i.600,000.00
' $ 5,903.500.00 685.000.00 x.2180500.00
11- 1654 11- 1-84 1351,000,00"(1) 4,287,000.00 1,367,000.00 2,9209000.00
' 5- 1.55 11- 1-85 41,000.00,(1) 1,350,000.00 422,000.00 928,000.00
11- 1-55 11- 1-85 41,000.00 (1) 1,387,000.00 420,000.00 9679000.00
1- 1-61 11- 1-90 75,000.00 (1) 5,200,000.00 225,000.00 40'975,000.00
1- 1-65 11- 1-84 250,000.00 (1) 49000,000.00 _ 750-000.00 3,250,000.00
2- 1-68 11- 1-88 (3) 15000,000.00 11000,000.00
$ 17,2241000.06.j$4,Qoo.oo 14.040.000.00
' 7-15-60 7-15-90 459000.00 (1) 11700,000.00 160,000.00 1,540,000.00
1-15-62 7-15-90 25,000.00 (1) 19000,000.00 1301000.00 870,000.00
7-15-64 7-15-84 15,000.0!' (1) 250,000.00 60,000.00 190,000.00
1-15-66 7-15-86 50,000.00 1,000,000.00 100,000.00 900,000.00
3.950.000.00 450.000.00 3.50Q,000.00
Schedule 9
CITY OF DENTON, TEXAS
Schedule of General Obligation Bond and Interest Requirements ,
September 30, 1968
1
Year ending
September 30, Principal Interest Total '
1969 $ 220,500.00 209,446.20 4290946.20
1970 286,000.00 1780027.50 4640027.50
1971 291,000.00 1670431.50 458,45:.50 '
1972 318,000.00 1560802.56 4749802.56
1973 323,009.00 1450325.00 4§£,325.00
1974 328,000.00 133,815.00 .461,875.00 '
1975 329,000.00 122,453.80 451,453.80
1976 329,006.60 111,O5.b0 4409235.00
1977 290,000.60 9909241:56 3 9,927.56
1978 290,000.00 89,715.06 39,715.06 '
1979 290,000.00 790465.06 3690465.06
1454 2860000.00 69,092.56 355,092.56
1981 287,000.00 58,787.56 3450787.56
1982 281,000.00 48,515.06 329,515.06
1983 205,000.00 382462.50 1430462.50
1984 2050000.00 30,715.00. 235,715.00
1985 2059000.00 22,947.50 227,947.50 ,
1986 1809000.00 15,180.00 1950180,00
1987 1201000.00 9,420.00 129,420.00
1988 125,000.00 41487.50 129,481.50
1989 30,000.00 11275.00 31,275.00
$ 592189500.00 197920586.92 79011,086.92
r
t
Schedule 10
CITY OF DENTON, TEXAS
' Schedule of Electric System Revenue
Bond and Interest Retluirements
Septembez 330, 1958
Year ending
September 30, Principal Interest Tot„ i
1969 $ 542,000.00 492,518.50 liO34,518.50
1970 600,000.00 451,324.75 1,057,324.75
1971 6139000.00 431,555.50 1,044,555.50
1972 5959000,00 407,086.25 1,002,086.25
1973 557,000.00 386,583.00 943,583.00
1974 5699000.00 368,314.50 937,314.50
1975 576,000.00 3499868.25 9259868.25
' 1976 590,000.00 331,352.25 921,352.25
1977 602,000.00 312,672.75 914,672.75
1978 614,000.00 293,585.25 907,585.25
1979 628,000.00 273,969.75 901,969.75
' 1980 640,000.00 253,703.00 8939703.00
1981 654,000.00 232,867.75 886,867.75
1982 666,000.00 2i1;514.00 8779514.00
1983 6800000.00 "189;704.25 8699704.25
1984 694,000.00 167,506.50 861,506.50
1985 713,000.00 147,492.00 860,492.00
1986 547,000.00 128,574.50 675,574.50
1987 5659000.00 1019330.00 612,330.00
1989 5900000.00 84,300.00 614,300.00
1989 610,000,00 601100.00 670,100.00
' 1990 5859000.00 360100.00 621,100.00
1991 610,000.00 12,200,00 6220200.00
$ 14,0404000.00 5,736,222.75 19,776,222.75
r
t
t
Schedule 11
CITY OF DENTON, TEXAS
Schedule of Water and Sewer System '
Revenue Bond and Interest Requirements
September 30, 1968 '
Year ending
September 30, Principal Interest Total
1969 $ 135,000.00 128,862.50 2639862.50
1970 1400000.00 123,162.50 263,162.50 ,
1971 140,000.00 117,650.00 2571650.00
1972 1459000.00 1120500.00 257,500.00
1973 145,000.00 107,500.00 2529500.00 '
1974 1500000.00 102,500.00 252~500.00
1975 150,000.00 979300.00 247j300.00
1976 1550000.00 92,075.00 247~075.00
1977 155,000.00 86,521.50 241;527.50
1978 1609000.00 800930.00 240,930.00
1979 -165,000.00 75,132.50 240,132.50
1980 170,000.00 •69,167.50 2399167.50
1981 170.000.00 62,992.50 232,992.50
1982 1809000.00 156,767.50 23,60767.50
1983 1801,000.00 50f175.00 250,175.00 '
1984 1850000.00 43;577.50 2281577.50
1985 - 1809000.00 36;780.00 216780.00
1986 1850000.00 30,100.00 21.4,100.00 e
1987 1459000.00 -231,220.00 1F6,220.00
1988 1500000.00 17,720.00 167,720.00
1989 155,000.00 11,995.00 166,995.00
1990 160,000.00 6,097.50 1660097.50
$ 3,500000.00 1,531;732.50 5,032
i
Schedule 10
CITY OF DENTON, TEXAS
Schedule of Electric System Revenue
Bond and Interest Requirements
September 30, 1968
Year ending
September 30, Principal Interest Total
1969 $ 542,000.00 492,518.50 110349518.50
1970 6000000.00 457,324.75 190570324.75
1971 6139000.00 431,555.50 19044,555.50
1972 5958000.00 401,086.25 1,302,086.25
1973 5510000.00 386,583.00 943,583.00
1974 5699000.00 368,314.50 937,314.50
`1975 5769000.00 349,868.25 9252868.25
' 1976 590,000.00 331,352.25 921,352.25
1977 6020000.00 312,672.75 914,672.75
i9/8 6140000.00 '293,565.25 9079585.25
1979 628,000.00 273,969.75 901,969.75
1980 6400000.00 253,703.00 893,703.00
1981 6540000.00 2320857.75 8860867.75
1982 666,000.00 211,514.00 9779514.00
1983 6800000.00 189,704.25 x59,704.25
1984 6949000.00 167,506.50 86.506.50
1985 713,000.00 147,492.00 860,472.00
' 1986 5419000.00 128,574.50 6750574.50
1987 565,000.00 101,330.00 612,330.00
1988 590,000.00 84,300.00 6.49300.00
1989 6109000.00 .60,100.00 '670,100.00
' 1990 585,000.00 36,100.00 6219100.00
1991 610,000.00 12120/1,00 622,200.00
$ 14,0401000.00 5 73669222.7755 1927761222.75
Schedule 12
CITY OF DENTON, TEXAS
Schedule of Bonds Authorized and Unissued
September 30, 1968
i Water and
Electric Sewer
General System System
Obligation Revenue Revenue
Bands authorized $ 812009000.00 31,224,000.00 510209000.00
Bonds issued (Schedule 8) 5,903,500.00 17,2249000.00 3,950,000.00
Bonds authorized and unissued $ 20296,500.00 1410001000.00 1 060,000.00
t
e
' Note - Bonds authorized and unissued for the Electric System and the Water and Sewer
System may be issued for the extension and improvement of the respective
utility systems. General Obligation Bonds authorized and unissued may be
issued for the following pucposes:
Street improvements $ 2,285,000.00
Airport improvements 11,500.00
$ 292969500.00
t
i
Schedule 13
CITY OF DENTON, TEXAS
Schedule of Revenue Bond Debt Coverage
Year ended Septemb,?r 30, 1968
Electric Syatem Fund
System income available for debt service $ 1,104,886.16
Average annual debt service requirements $ 938,002.61 ,
Debt service coverage 182 '
Mater and Sewer System Hind
System income available for debt service $ 414,054.02
Average annual debt service requirements $ _;230.944.04
Debt service coverage 2.05
i
1
1
1
1
1
1
1
Schedule 14
' CITY OF DE11TON* TEXAS
' Schedule of Investments
September 3), 1968
' Interest Maturity
' rate date Amount
General Fund
' Time certificates of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 $ 100000.00
North Texas Savings and Loan Association I-aw 12-31-68 10,000.00
' $ 20O
Special Assessment and Capital Projects Funds
' Street Improvement
Open'time deposit - First State Bank of Denton [lax 1-1-69 $ 1.00
Fire Station
' Open time deposit - First State Bank of Denton 4% 11-20-68 $ 12.480.00
Park and Recreation
t Time certificates of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 S 1l,066.00
' North Texas Savings and Loan Association 5-1 4 12-31-68 10,000.00
2 77L.) 00) 00
Motor Pool Fund
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 $ 10,000.00
' North Texas-Savings and Loan Association 5-1/4 1231-68 10,000.00
Open time deposit - First State Bank of Denton 4 11'-31-68 100,000.00
g 120,000.00
Trust, Astency and Miscellaneous Funds
' Firemen's Pension Fund
Time certificates of deposit:
Denton Federal Savings and Loan Association 5-1/4% 12-31.68 S .50000.00
Denton Federtil'Sahings and Losh Aesbciatioh -5 10-16-68- 109000.00
N6~rth Texag'Savings and Loan Association 5 3-91-68 '59000.00
North Texas Savings and Loan Association 5.1/4 1201-68 100000.00
' American Stvings Association 5-1/4'' 12.31168 150000.00
Mutual SAN in a' ad'd Loan Association 5 12.31168 100000.0(,
Continued
2 Schedule 14, Cont.
CITY OF DENTON$ TEXAS
Schedule of Investments, Continued '
Interest Maturity
rate date Amount
Trust, Agency and Miscellaneous Funds, Continued
Firemen's Pension Fund, Cont.
Time certificates of deposit, cont.:
Republic Savings and Loan Association 5-1/4X 12-31-68 $ 150000.00
Colonial Savings and Loan Association 5-1/4 12-31.68 153,000.00
Farm and Rome Savings Association 5-1/4 12-31-68 109000.00
Savings Account - Decatur Savings and
Loan Association 4-3/4 - 15,000.00
Common stock (at cost, which approximates
market):
Bank of America - 25 shares - 1,516.85
Standar& Oil of Ne* Jersey 25 shares 11,567.35
National Dairy Products - 25 shares - 917.16
General Foods Corporation - 100 shares - 1201,12
Oklahoma Natural Gas Co. - 100 shares - 2,052.25
$ 123,260 73 '
Electric System Fund
System Fund '
.Time certificates,of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 $ 109000.00 ,
North Texas Savings and Loan Association 5-1/4 12-31-68 10,000.00
$ 2C,O00.00
Revenue Bond Debt Service
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 Z 10-1-68 $ 10,000.00
North Texas Savings and Loan Association 5-1/4 12-31-68, 100000,00
Open time deposits:
First State Bank of Denton 1 10-26-68 3320156.00
First State Bank of Denton 4 10-19-68 369t500-00
sow %=M
$ 721,656.00
Revenue Bond Reserve '
Time certificates of deposit:
Denton Federal Savings and Loan Association $ .10x1,,68 x10,000.00 '
-31-68 10, 00.00
F".th Texas Savings and Loan Association 1_5.1/4, 12
Open time deposits;
First State BaDk of Dentoa 4112-2b; 68 240160.00
First State;Bank of Denton 4 1p-19-,68 9,800.00
First State Bank of Denton 4.61 1-1-69 857,000.00
$ _9ZI 56 .00 '
Continued
3 Schedule 14, Cont.
CITY OF DENTON, TEXAS
Schedule of Investments, Continued
Interest Maturity
rate date Amount
Electric System Fund, Continued
Revenge Bond Reserve. Cont.
U. S. Government obligations:
U. S. Treasury Notes (market value -
$759900.00) 5 % 11-15-70 $ 790898.00
U. S. Treasury Bonds (market value -
$443,606.25) 4-1/8 11-15-73 44,824.63
$ 124,722.63
Revenue Bond Construction
' Open time deposit - First State Bank of Denton '4% 11-20-68 $ 450.000.00
Water ewer System Fund
' System Fund
Time certificates of deposit:
' Denton Federal Savings and Loan Association 5 % 10-1-68 $ 101000.00
North Texas Savings and Loan Association 5.1 4 12-31-68 100000.00
$ 20,000.00
t
Revenue Bond Debt Service
Open time deposits:
First State Bank of Denton 4% 12-26-68 $ 46,00,0.00
First State Bank of Denton 4 10-19-68 350700 00
$ 8
Revenue Bond Reserve
Time certificates of deposit:
Denton Federal Savings and Loan Association 5 % 10-1-68 $ 100000.00
Korth Texas Savings and Loan Association 5-1/4 12-31-68 10,000.00
Open time deposits:
First State Bark of Denton 4 12-26-bb 14,380.00
First State Bank of Denton 4.61 1-1-69 200,000.00
$ 234,380.00
Revenue Bond Construction
' Open time deposit - First Statt Bank of Denton 2 10,2-68 $ 200,000,00
1
1
CITY OF DENTON, TEXAS
Schedule of Insurance in Force ,
September 30, 1968 '
Policy Expiration
Insuring company number date
Twin City Fire Insurance Company 46PS8065395 to- 1.71 ,
Commercial Insurance Company F6006359 to.
1-70 Insurance Company F6006360 10- 1-70 '
Gulf Insurance Company CA5354476 9-10-69
~I
I
1
Gulf Insurance Company SPC5154072 12-18-69 '
The How. Insurance Company N326311 l0- 1-69 1
The Home Insurance Compa.zy NB513727 Continuous
Schedule 15
t Coverage Amount or limit
General boiler and machinery $ 500000000.00
' Fire and extended cover#ge on utility systems
buildings and contents $ 12,400,000.00
40% coinsurance
' Fire and extended coverage on building and
contents not otherwise covered $ 106230500.00
40% coinsurance
Public liability:
General:
Bodily injury $ 50/100,000.00
Property damage 5/25,600.00
' Automobile:
Bodily injury 50/100,000.00
Property damage 50000.00
' Robbery:
inside premises 2,600.00
Outside premises 1,665.00
' Faithful performance bond:
City Manager 72,500.00
' Finance Director 729500.00
Each employee 20500.00
Faithful performance bond - Tax Assessor/Collector 109000.00
1
1
CITY OF DENTON, TEXAS
Assessed Value and Estimated e
True Value of All Taxable Proptrty
Ten years ended September 30, 1968 '
Real property '
Year ended Tax Assessed Estimated
September 30, roll year value true value
1959 1958 $ 229139,651 67,1770143
1960 1959 239544,524 679270,069
1961 1960 2691939240 64,y81,035 '
1962 1961 2905360418 73184,045
1963 1962 329167,638 802419,095
1964 1963 369105,470 90,263,675 '
1965 1964 39,713,490 99,283,725
1966 1965 42,97b,61U 107,446,525 t
1967 1966 479403,190 118,°079975 '
1968 1967 49,367,720= 123,414
1
Table 1
t Ratio
of total
assessed
Personal property Total value to
Assessed Estimated Assessed Estimated estimated
value true value value i.rue value true value
5,9380983 179537,143 28,078,634 79,714,286 35%
6,021,973 179205,623 29,566,497 84,4759692 35
699730065 16,716,993 33,166,305 819498,028 41
792389756 18,0969890 361715,174 919937,935 40
717799232 19,4480080 390946,870 9998679175 40
t 712309770 18,0760925 43,3361240 108,340,600 40
8,836,1.10 2290902275 481549,600 1210374,000 40
99494,495 23,736,237 529473,105 131,182,762 40
110255,685 28,139,212 58,658,875 1460647,181 40
12,222,198 30,555,495 61,589,918 153,974,795 40
I
'i
~1 .
',1
ri
r
CITY OF DENTON, TEXAS
Tax Rates and Tax Levies r
Ten years ended September 30, 1968
1
Tax Assessed valuations
Year ended roll Real Personal
September 30, year property proper Teal
1959 1958 $ 22,139,651 59938,983 2800789634
1960 1959 239544,524 6,021,913 29,566,497 r
1961 1960 26,193,240 6,9739065 339166,305
1962 1961 29,5369418 7,238,156 36,775,174
1963 1962 329167,618 79779,232 399946,870 r
1964 1963 36,105,470 7,230,770 4393369240
1965 1964 39,7131490 81936,110 48,5499600 r
1965 1965 42,978,610 904940495 529473,105
1967 1966 47,403,190 '19255,685 58,658,875 r
1968 1967 499367,720 12,22:!,198 61,589,918
n==1NWzWWWM0=- =Uvnwmsr~ r
r
Tax Rates '
The constitutional and statutory tax rate limit, including debt service, is $2.50 on
each $100.00 of assessed valuation. '
Tax Due Dates and Pena ties
Taxes are due on October 1 and become delinquent on February 1. Taxes may be paid in
two installments, one-half by December 31 and the balance befote March 31. Penalties
due on delinquent taxes accrue: February 2%, March 5%, April 6%, May 7%. Interest on
delinquent taxes, in addition to penalties, accrues at the rate of 1/2: per month.
No discount is allowed for early payment.
Table 11
1
' levied for
Tax Total General Fund Taxes
Sinking Fund _
' rate tax levy Rate Amount Rate Amount
1.50 4219179 1.177587 330,649 .322413 90,530
' 1.50 4439497 1.27 375,494 .23 68,003
1.50 497,494 1.14 378,096 .36 119,398
1.50 551,628 1.06 389,817 .44 161,811
' 1.50 599,203 1.075 429,429 .425 169,774
1.50 650,044 1.178 5109501 .322 1390543
1.50 728,244 1.33 500,061 47 228,183
1.50 787,096 1.055 553,591 .445 233,505
1.50 879,883 .9825 5769323 .5175 303,560
1.50 923,849 .9525 586,644 .5475 337,:35
1
t
1
,t
CITY OF DENTON, TEXAS '
Tax Levies and Tax Collectiona '
Ten years ended September 30, 1968
1
11
Collection of
Year ended Total tax current year's Percentage of levy
September 30, levy taxes during year collected during year
1959 $ 418,500 3899605 93.107. '
1960 443,497 4159595 93.71
1961 4809450* 462,634 96.29 '
1962 549,807* 501,956 91.30
1963 598,710-* 545,358 91.09 t
1964 6489283* 608,596 93.88
1965 7229718* 6839237 94.52
1966 7850322* 732,325 93.25 '
1967 8779537* 811,554 92.47
'
1968 92 * 873s 94.49
*Total tax levy figures for 1961.1969 are adjusted to include debit and credit memos and '
their effects. Statistics unavailable for prior years.
_lie
1
Table III
' Ratio of
Collection Ratio accumulated
of prior of total Accumulated delinquent
' years' taxes Total collections delinquent taxes to current
during year collections to tax levy taxes year's tax levy
44,025 433,630 103.62% $ 85,022 20.32%
132951 429,546 96.85 99,400 22.41
' 370774 5009408 104.15 96,486 20.08
20,320 522,276 94.99 117,989 21.46
22,666 5689024 94.87 149,168 24.91
430806 652,402 100.64 146,952 22.67
429529 725,666 100.41 137,077 18.97
t 239849 756,I74 96,28 165,702 21.10
389566 8509120 96.86 186,797 21.29
' 31 915 904,945 97.95 194,600 21.06
1
1
r;
i
Table IV
CITY OF DENTON, TEXAS
Ratio of Net Generdl Bonded Debt to '
Assessed Value and Net Bonded Debt per Capita
Ten years ended September 30, 1968 '
Less Net
debt bonded debt ,
Estimated Gross service Net Rat io to
Year ended Pop- Assessed bonded net bonded assessed Per
September 30, ulation valuation debt assets debt valuation cap;to
1959 31,014 $ 27,900,000 7419000 439260 697,740 2.50% $ 22.50
1960 260844 29,5669492 10236,000 35,307 19200,193 4.06 44.71 i
1961 28,000 32,599,211 1,1520000 40,852 191119148 3.41 39.68
1962 289240 36,775,174 19566,000 61,721 1,504,279 4.09 53.27 !
1963 30,117 3999469870 2,263,000 84,362 21178,638 5.45 72.33
1964 32 082 43,3360240 3,1339000 269211 3,106,789 7.17 96.84 '
1965 329988 48,5490600 2,999,000 - 109990000 6.18 90.91
1966 36,000 5204739105 3,8479000 (21633) 318499633 7.34 106.93
1967 3e,500 58,658,875 3,8079500 (1,753) 3,809,253 6.49 98.94 r
1968 39,G00 61,589,918 5,2180500 51057 59213,443 8.46 133.68 t
emQa a-' ~ sr^^ ~ Asa ~
i
Table V
1 I
CITY OF DENTON, TEXAS
Schedule of Debt Margin
September 30, 1968
Assessed valuation, October 1, 1968 $ 67,0001291
Debt limit - 10% of assessed values (note) $ 69700,029
' Net bonded debt (exclusive of Revenue Bonds) 5,213,443
Debt margin $ 1,486,586
Note - The City of Denton, Texas has no legal. debt limit under Texas law. However,
10% is generally accepted as a safe margin.
1
Table VI
CITY OF DENTON, TEXAS
Schedule of Estimated Direct and Overlapping Debt f
September 30, 1968
Percentage
applicable Municipality's
Net debt to this share
outstanding municipality of debt
City of Denton, Texas $ 50213,443 100.00% $ 50213,443
Denton Independent School District 69351 918 81.87 5,200,315
D,!nton County 1,337,124 42.57 569,214 '
Total direct and overlapping
debt $ 12,9902485 85.112`x 1069
1968 assessed valuation $ 67,000,291 '
Ratio of direct and overlapping debt to
assessed valuation 16.39%
Direct and overlapping debt per capita $ 281.61 '
1
1
i
Table VII
1
CITY OF DENTON, TEXAS
Miscellaneous Statistical Data
September 30, 1968
i
Area of City 21.76 square miles
Date of incorporation September 26, 1866
Form of government Council - manager
Total City employees (including
seasonal employees) 436
1964 1965 1966 1967 1968
Estimated population 32,,182 32,998 36,000 38,500 39,000
Tax rate - per $100
valuation $ 2.50 1.50 1.50 1.50 1.50
Assessed valuation $ 481549,600 5204736105 58,6580675 619589,918 671000,291
Electric production
(KWH) 142,649,120 159,610,820 198,346,800 217,275,500 289,672,011
Electric customers 9,894 90958 10$86 109750 10,950
Water production
' (10000 gallons) 11458,482 19489,010 1,5071456 1,717,276 1,704,250
Water customers 90209 90317 91602 9,150 9,95.?
General Fund revenues $ 11222,885 1,3900366 195040474 2,0210888 1,1749935
General Fund
expenditures and
encumbrances $ 1,055,338 1,244,503 1,6649849 20054,773 290340625