HomeMy WebLinkAbout1969-70
ANNUAL FlN^NCIAL REPORT 1 g; 9170
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CITY OF
DENTON, TEXAS
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' CRY Of Denton • Alrillir.ipal Building, l)cmton,~:ix~s 702,91
' December 17, 1970
' Mr. Jim White
City Manager
City of Denton
Denson, Texas
' Dear Mr. White;
The annual Financial Report of the City of Denton, Texas for the fiscal year ended
September 30, 1970 is suhmitted herewith.
Accounting Svstew and Reports
The city's accounting records for ge•ieral governmental operations are maintained
' on a modified cash basis, with tho most important revenues being recorded when
earned and expenditures being recorded when incurred. An exception to this is
the accounting for taxes as this is on the accrual basis. Accounting r cords for
the city's utilities and other ontc;rprises are maintained on a full accrual basis.
Budgetary control is maintained by a quarterly allotment system and the encumbrance
of allotment balances with purchase orders prior to their release to vendors.
Purchase orders which exceed allotment balances are not released until additional
appropriations are made available.
1 The Municipal Finance Officers Association of the United States and Canada awarded
the City of Denton, Texas Its Certificate of. Conformance for the city's 1964-65
Annual Financial Report. This certificate is awarded only to those governmental
' units whose financial reports substantially conform with the high standards of
financial reporting promulgated by the National Committee on Cc,vernmental
Acco,inting. The 1969-70 Annuai Financial Report submitted herewith continues
to meet these standards.
General Governmental Functions
' Revenues for general governmental functions totaled $1,750,594 in 1969-70, an
increase of 5.3 percent over 1968-69. General property taxes produced 27.8
' percent of general revenues compared to 32.4 percent last year. The amount of
revenue from various sources and the increase over last year are shown in the
following t.abulat:on;
' Mr. Jim White -2.
December 11, 1970
' Ir,c; case
Amount Percent Over 1968-69
Rrvenue Source (Thousands) of Total _(Thousands)
' Property Taxes and Penalties 486 16,9 (53)
Franchise and Other Taxes 635 22.1 43
Licenses and Permits 27 .9 2
' Fines, Forfeits, and Penalties 158 5,5 12
Charges for Current Services 313 10.9 35
Utility Fund Contributions 812 22.2 97
' Other Revenues 444 15.5 84
$2,875 100,0 $220
' Assessed valuations of 71 million represented an increase of 6,0 percent over the
preceding year.
t The ratio of total collections (current and delinquent) to the current tax levy
for 1969-70 was 100.39 percent.
t The constitutional and statutory tax rate limit, including debt service, is $2.50
on each $100.00 of assessed valuation. The tax rate disbribution for 1969.70 and
the preceding two fiscal years is as follows:
' Purpose 1969-70 1968.69 1961.68
General Fund .6501 .8145 .9525
' Interest and Redemption Fund 8499 .6855 ,5475
Total Tax Rate 1,5000 1,5000 1,5000
' Expenditures for general governmental purposes totaled $3,024,464 an increase of
22.2 percent over 1968-69. Increases in levels of expenditures for major functions
of the city over the preceding year are shown in the following tabulation:
Incrcas:
Amount Percent over 1967-68
' Function (Thousands) of_ Total _Thousands)
General Government 191 6.3 50
Legal 86 2.8
' Community Development 10
181 6.0 19
Civil Defense 25 8 0
Right of way 11 .4 11
' Finance 309 10.2 13
Health & Sanitation 350 11.6 14
Police
550 18.2 66
Fire 407 13,5 70
Street Development 422 14,0 136
Parks & Recreation 279 9.2 49
Cemetary
' Library 65 2.1 18
Airport 18 38 City-County Health Unit 26 1.3 38
2b ,9 26
' Non-Departmental 62 2.0 35
Other (5)
3,024 100.0 549
Mr, Jim White _3_
' December 17, 1970
Debt Administration
' The ratio of net bonded debt to assessed valuation and the amount of bonded debt
per capita are useful indicators of the city's debt position to municipal
management, citizens, and Investors, These data for the city of Denton at the
' end of the 1969-70 fiscal year were as follows:
1969-70 Actual Valuation
' 1969-70 Assessed Valuation (407. of Actual) $177,690,090
Total General Obligation Debt 71,076,036
Less: Amount. Available in Debt Service 6,937,
OOO
(25,386
386)
Net Debt
6,911,614
Ratio Not Debt to Assessed Valuation
1970 Estimated Population 38,865 9.727,
Per Capita Assessed Valuation
1,
Per Capita Net Debt 178
' 178
During the past year, $346,000 of tax bonds were retired. On September 22, 1970,
$1,000,000 of general obligation bonds were sold at a favorable effective interest
' rate of 5.7627.
Outstanding Electric Revenue Bonds at September 30, 1970 totaled $16,398,000,
' During the past year $600,000 of Electric Revenue Bonds were retired. On
September 22, 1970, $3,500,000 of Electric Revenue Bonds were sold at a favorable
effective interest rate of 5.9514.
' Outstanding Water & Sewer Revenue Bonds at September 30, 1970 totaled $4,265,000.
During the past year $160,000 of Water and Sewer Revenue Bonds were retired.
The cU y's bonds are rated as follows:
Moody's Standard & Poor's
General Ob11gition Bonds
Electric Revemte bonds A-1 qq
Water & Sra+c Revenue Bonds A A A
A
As of September 30, 1970, $1,126,104 was on hand in the electric reserve fund and
' the sum of $370,586 was on hand in the water and sewer reserve fund which are more
than the amounts specified in the bond ordinance as being required for both funds,
' Cash temporarily idle during the year was invested in time deposits, savings
accounts, U. S. Treasury Noma and Bonds.
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' Mr, Jim White -4- Lccember 17, 1970
Coital Pro ects Funds
' During the fiscal year ending September 30, 1970, the proceeds from general
obligation bond issues accounted for expenditures of $1,406,964 in street capital
prujccts, Water and sewer revenue bond issues accounted for expenditure!: of
$687,460 in water 6 sewer capital projectb and electrical revenue bond issues
accounted for expenditures of $I13,978 in electrical capital projects. Extension
and improvement funds in the amount of $398,582 were expended for electrical capital
' projectss,
Autharized but unissued bonds at September 30, 1970 totaled $10,500,000 as follows:
' Revenue (electric) $10,500,000.
Capital project fund balances on hand at September 30, 1970 consisted of $531,011
in cash, and $175,000 In open time deposits.
General Fixed Assets
t The general fixrA assets are those fixed assets used in the performance of general
governmental funotit-ns and exclude the fixed assets of utility and other enterprise
' funds, A3 of Scf,tember 30, 1970, the general fixed assets of the city amounted to
$9,631,289. This amount represents the original cost of the assets and is
considerably less than their present value. Depreciation of general fixed assets
is not recognized in the city's accounting system.
Utilities System
' The city's electric and water and sewer system had a successful year and continued
to show gains in gross sales, number of customers and not income. Comparative
' data for the past t'.n fiscal years are presented in the following tabulation;
Electric System
' 1970 1969
Gross Income $4,591,880 $40001,273
Net Inc- me $1,304,057 $1,1701311
lncom-, Available for Debt Sorvfce $2,489,450 $2,270,765
' Avcragv Annual Deht Service Requirements $1,353,906 $ 8880949
Debt Servite rvvrrag- 1,84 2.55
Water & Sewer System
1970 1969
Grow Income $1,307,0;1 $192079299
Nct [ncwnte } 1f4,112 $ 150,542
' Income Av.M 0,1., fi,r Do4 t : , c $ $82,560 $ 563,058
Average kvi-1-+1 Debt SL•r;ic: Rvgvire,men?s $ 3600475 $ 3099533
Debt Service Coverage 1,89 1,82
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' Mr. Jim white -5- December 17, :970
The City Charter requires an anneal r,4dit to be made of the books of account,
' financial reko rds, and transactions of all administrative departments of the city
1•y a Crrtiflid Public Accountant ai.lected by the City Council. This requirement
has jw(-n complied with and the audl_ur's opinion has been included in this report.
' T}m preparation of this report on a timely basis could not be accomplished
without the efficient and dedicated services of the entire staff of the Finance
Department. 1. should like to express my appreciation to all members of the
' departmont who assisted and contributed to its preparation. 1 should also like
to tl!,ink yojr office and the members of the City Council for their interest and
support In planning and conducting the financial operations of the city in a
responsible and progressive manner.
Reap/atful2y submitted,
' , . /J'
W. H. BRYAN
Director of Finance
' WHB:jb
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AUDITED FINANCIAL. STATEMENTS AND OTHER FINANCIAL. INFORMATION
' CITY OF DENTON, TEXAS
' September 30, 1970
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CONTENTS
1 EXHIBIT AUDITED FINANCIAL STATEMENTS
1 Accountants' Report Page 4
A Condensed Balance Sheets - All Funds
General Fund:
B Balance Sheet
B-l. Analysis of Changes in Fund Balance
' B-2 Summary of Revenues and Expenditures and Encumbrances 10
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1 Electric System Fund:
C Balance Sheet
C-1 Analysis of Changes in Reserves, Unrealized Increment, 11
Contributions and Retained-Earnings Balances 13
1 C-2 Statement of Operations
Water and Sewer System Fund:
1 D Balance Sheet
D-1
Analysis of Changes in Reserves,.Contributions,.~16
and Retained-Earnings Balances 18
D-2 Statement of Operations
General Debt Service Fund:
E Balance Sheet
1 F-1 Statement of Revenue, Expenditures and Fund Balance 21
22
Intragovernmental Service Funds:
1 F Balance Sheet
F-1 Analysis of Changes in Fund Balances 24
F-2 Statement of Operations
1 Capital Projects:
G Balance Sheet 26
G-1 Analysis of Changes in Reserves for Expenditi es 27
Special Revenue, Trust and Agency Funds:
11 Balance Sheet 28
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1 t Statement of General Fixed Assets ,29
J Statement of General Debt 30
K Notes to Financial Statements
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' CONTENTS - CONT'D
' SCHEDULE UTHER FINANCIAL INFORMATION
Accountants' Report on Other Financial Information Page 33
' I Bonds Payable - All Funds 34
' Future Debt R(.quirements - All Funds 36
Il
General Fund: 38
' III Estimated and Actual Revenue 40
IV Appropriations and Expenditures and Encumbrances
' Electric System Fund:
V Estimated and Actual Revenue 45
VI Appropriations and Expenditures and Encumbrances
' Water and Sower System Fund:
Estimated and Actual Revenue 47
VII
VIII Appropriations and Expenditures and Encumbrances 9
' IX Revenue Bond Debt Coverage 50
X Investments - All Funds 51
TABLE STATISTICAL TABLES
'
I Insurance in Force 53
]T Assessed Valuations and Tax Assessed - 55
' Ten Years Ended September 30, 1970
III Tax Assessment and Collections 56
IV Miscellsneuus Statistical Data 57
'
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' ERNST & ERNST
500 FORT WORTH NATIONAL BANK SLOG
' FORT WORTH, TEXAS 76102
Honorable Mayor, City Council
' rind City Manager
Cfty of Denton, Texas
' We have examined the financial statements of the several funds of the City
of Denton, Texas, as presented on pages 6 through 32, for the year ended
September 30, 1970. 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.
' Financial statements for the preceding year were examined by other certified
public accountants who were unable to express an opinion on the financial
statements of the Working Capital Fund or the statements of earnings of the
' Electric System Fund and the Water and Sewer System Fund to the extent that
losdes from operations of the Working Capital Fund were included therein,
Because of tte effect of beginning balances and because aL d ficienaeA._jn
the system of internal control, we are unable to express an opinion on the
' ;Iatement of operations of'-tlie Working Capital Fund for the year ended
September 30, 1970, or the related loss amounts which are included in
operations of the Electric System Fund ($108,133) and the Water and Sewer
System Fund ($20,799).
During 1967, the carrying value of the utility plant of the Electric System
Fund was increased by $4,851,498 to reflect the then current replacement
value, based on an appraisal, of the plant. Such increase is being amortized
by direct charges to the Unrealized Increment in Valuation of Utility Plant
in Service account, and, at September 30, 1970, $4,002,022 of the unrealized
' increment remains to be amortized over future years. The..recording of-
appraisal.vsluea in excess of cost 19 not-in conformity with generally ac-
cepted accouiting principles.
' The City has mover recorded streets and water and sewer systems contributed
to it by developers; however, generally accepted accounting principles re-
' quire such contributed assets to be recorded at market value at date of
contrihutir!,T. She amount of such contributed but unrecorded assets at
September 30, 1970, and the effect of the related unrecorded depreciation
on the Statement of Opcrattuns of the Water and Sewer System Fund for the
' year then ended is not readily determinable.
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During the year ended September 30, 1970, the City changed its method of account-
ing for taxes and assessments from the cash to the arcrual method. Additionally,
1 it changed its practice of accounting for electric transformers to capitalize
them Into the utility plant when purchased. Transformers had been previously
carried in inventory of the Working Capital Fund until placed in service. The
' effect of these changes on the financial statements Is described In Notes A and
E t:) the financial statements.
In our opinion, except for the matters described in the second, third, and
' fourth paragraphs above, the financial statements appearing on pages 6 through
32 present fairly the financial. positions, revenues and expenditures, and
change, In fund balances of the respective funds of the City of Denton, Texas,
fot the year ended September 30, 1970, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the preceding
year except for the change, which we aytrove, in the method of accounting for
' taxes, assessments, and electric transformers as described in the preceding
paragraph.
M
1 Fort Worth Texas
December 11, l n70
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' CONDENSED BALANCE SHEETS - ALL FUNDS
' CITY OF DENTON, TEXAS
September 30, 19"0
Water
' General Electric and Sewer
Fund System Fund System Fund
ASSETS
Cash $144,972 S 21,61b $
Investments - at cost plus accrued interest 20,000 2200035 20,000
' Receivables less allowances of $239,498 - 879263 1,1620826
Notes A and B 8 072 679439
Due from other funds 90891 289373
Prepaid Insurance
Inventories - at lower of cost or market
Note E
' Restricted assets: 19050,084 250,225
Cash
Investments - at cost plus accrued interest 19290 485 397,772
!6,001 4,507
' Due from other funds 3,518,092
Due from sale of bonds 10000 261,100
Other
Property, plant, and equipment - net -
Not 209350,469 60968,028
t es C and E
Investment in Intragwernmentnl Service Funds-Note G ;17,381 276,933 147,858
Amount to be provided for retirement of
t general bonds
Amount available for debt service
$307,579 $28,003,355 $8,049,490
' LTABILT'IIF. , CONIMKITIO''S, RESERVES, AND FUND BALANCES $ $ 42,453
Cash deficit
Ac 210202 176,634 179456
' counts payable 09,244 36,683 17,762
Accrued payroll and payroll taxes 109,244
202,957 36,302
Accrued Interest on revenue bonds
' Construction contracts and ietained 109,068
percentage paveble 651
Deposits payable 227,
16,398,001 4,323,874
Bonded delt and other long-term liabilities 33,714 75,966 359383
' Due to other foods 18,331 1,269,020 370,586
Reserves
Unrealized lncxemfnt in valuation of utility 4,002,022
' plant in service - NL)te C
Investment by Gtricral and .then' finds - Note G
Investment in gk:"crel fixed 1issels
Ccntrlb;tt os: 2,464,212
' By municipality and governmental agencies 4,381 17,858
In aid of construction 5,610,041 614,536
Retained-earnings 125,088
' Fund balances - Note A
Commitments and contingencies - Mote F $3079579 $28,0030355 58,0491490
' (From (From (From
EXHIBIT B) EXHIBIT C) EXHIBIT D)
See mien to financial statements.
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' EXHIBIT A
Tntra- Special Revenue
' General Debt governmental Capital Trust and General General
Service Fund Service Funds Projects Agency Funds Fixed Assets Debt
' $130915 $ 167,267 $ 59,082 $ 6,470 $ $
120,445 494
' 1,002,460 109,613
11,471 175,519 1390655 98
' 288,725
1
695,310
9,631,289
' 1,1.20
6,911,614
25 386
$259386 $1,448,386 $1,201,197 $1160675 $99631,289 $699370000
104,220 370209 1,444
5,515
50,149
' 4,176
6,937,000
4,215 163,142 110,282
1,751 950,697 773
X88,454
' 9,631,289
221,911
'
25,386 522,256
$259386 $1,448,386 $!,2010197 $116,675
$99631,289 $6,937,000
(From From (From From From (From
EXHIBIT F) EXHIBIT F) EX1118I'r G) EXHIBIT 11) EXHIBIT l) EXHIBIT 3)
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' EXHIBIT B
GENERAL FUND
BALANCE SHEET
' CITY OF DENION, TEXAS
Septc•n,ber 30 September 30
' 1970 1969
ASSETS
' Cash $144,972 $1700492
Time certificates of depuslt 200000 20,000
Interest receivable on time 943
certificates of deposit
Accounts receivable (less allowance of 9,443 167,830
$17,000 - 1970; $11,526 - 1969)
' Taxes receivable - delinquent (less -
allowance of $103,064 - 1970;
$137,15i - 1969) 77,820
Due from other funds 8,072 26,540
' Prepaid insurance 90891 12,765
Investment in Working Capital Fund - EXHIBIT F - Note C 37,381 (11272)
$307,579 $397,298
MUMMOM NMMMMMMM~
LIABILITIES, RESERVES, AND FUND BALANCE
4ccounts payable $ 21,202 $ 52,904
Accrues payroll and payroll taxes 109,244 869970
' Due to other funds 33j714 18,048
TOTAL LIABILITIES 1649160 157,922
' Reserve for encumbrances 189331 20,899
Fund balance - EXHIBIT R-1 1259088 218,477
' CONTINGENCIES - Nate F -
$307,579 $3970298
' To EXHIBIT A
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See notes to financial statements.
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' EXHIBIT B-1
' GENERAL FUND
ANALYSIS OF CHANGES IN FUND BALANCE
' CITY OF DENI'0N, TEXAS
For Year ended September 30, 1970
' Balance at October 1, 1969 $ 2180477
Add:
' Revenues - EXHIBIT B-2 $2,875,470
Adjustment to record estimated
value of taxes receivable at
' October 1, 1969 - Note A 54,300
Consolidation of airport fund
balance 1,306 2,931,076
' 3,149,553
Deduct expenditures and encumbrances -
EXHIBIT B-2 32024,465
' BALANCE AT SEPTEMBER 301 1970 $ 125,088
To EXHIBIT B
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See notes to financial statements.
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EXHIBIT B-2
GENERAL FUND
SUMMARY OF REVENUES AND EXPENDIT1210; AND ENCUMBRANCES
' CITY OF DE:NION, TEXAS
Budget Year Ended September 30
(revised) 1970 1.469
' REVENUES
General property taxes $ 4370185 $ 453,179 $ 503,437
' Current taxes 209000 19,388 24,457
Delinquent taxes 13,000 13,595_ __IOL952
Penalties and interest 470,185 486,162 538,846
' Other revenues 6029800 635,155 591,584
Other taxes
' Fees from revenue - producing 302,700 320,145 300,226
facilities 142,100 158,309 145,860
Fines and fees 23,774 27,162 250523
' Licenses and permits 275o934 123,661 59,706
Miscellaneous revenues 1,1301371 1,124,876. 99--93'443
Transfers from other funds 21477,679 2,3899308 2,1169327
29947,864 298759470 2,655,173
' EXPENDITURES AND ENCUMBRANCES 119520729 1,973,011 197269549
Salaries and wages 1359026 1309586 132,506
Supplies 235,055 267,207 201,,622
Maintenance 425,487 4311629 301,852
' Services
Sundry 5s753 139891 11143
ry 134,003 146,584 79,843
Capital outlay 89,000 61,557 26,532
' Nondepartmental expenditures _ 4,686
Transfers to other funds for
special projects 29977,053 3,024,465 2,4740933
' REVENUES OVER (UNDER)
EXPENDITURES AND ENCUMBRANCES $ (290189) 90189) 148,995) $ 1800240
To EXHIBIT B-1
See notes to financial statements.
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ELECTRIC SYSTEM FUND
' BALANCE SHEET
' CITY OF DEVfOIv, 1I-.XAS
September 30 September 30
1970 1969
' ASSF: l,ti
CURRENT ASSETS
' Cash $ 21,617 $ 271,036
Time certificates of deposit 220,000 209000
Interest receivable on investments 35 16,660
Prepaid insurance 28,373 20,248
' Accounts receivable (less allowance
of $36,434 - 1970; $42,823 - 1969) -
Note B 1,162,826 941,419
' Due from other funds and restricted
asset account 67,439 46,266
TOTAL CURRENT ASSETS 1,5000290 1,3159629
' RESTRICTED ASSETS
Revenue bond debt sFrvice:
Cash 7259853 10011
' Certificates and time deposits 200000 735,500
Interest receivable on investments 2,416
Miscellaneous receivable 10000
' Due from other restricted asset accounts 392 -
Revenue bond reserve:
Cash 159010 131
Certificates and time deposits 967,951 937,000
' Investments in V.S. Government obligations
(quoted market, $121,377) 124,894 124,846
Interest rerclveble on Investments 2,640 23
' Due from Electric Syatem Fund 15,609
Revenue bond construction:
Cash 166,305 160,283
' Open time deposi'• 175,000 2959000
Interest receivable on investments 656
Dae frcml Sale of bonds 3,518,092 -
System extension and improvement - Cash 1421916 402,986
' TOTAL RESTRICTED ASSETS 5,875,662 2,659,852
CIT11,11Y Pl..1N1 - Note C'
' land and land rights 247,653 243,764
Electric plant pro(INctiun and distribution
facilities (less acclimulated depreciation
of $9098.501 - 19%; $80221,427 - 1969) 209005,726 20,373,691
Conslrr,cticn in process 97,090 28,494
20,350,469 209645,949
INVESTbT:NT IN INTRAGOVERNMENI'AL SEW-- FUND -
' EXIIFBIT F - Note G 276,934 32,550
$28,003,355 $24,553,980
' To EXHIBIT A
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' EXHIBIT C
' September 30 September 30
1970 1969
' LIABILITIES, RESERVES, AND RETAINED EARNINGS
CURRENT LIABILITIES
Payable from current assets:
' Vouchers payable $ 176,634 $ 157,288
Accrued payroll and payroll taxes 36,683 31,062
Due to other finds 359933 17,409
' Custor rs' deposit, 227,651 2149196
Revenue bonds payable due within one year 51,083 500000
Revenue bond interest payable 17,628
545,612 464,455
' Payable from restricted assets:
Contracts payable 34,365
Revenue bonds payable due within one year 561,917 550,000
Revenue bond interest payable 1859329 1950837
Due to Electric System Fund and
t other restricted asset accounts 40,033 16,265
787,279 796,467
TOTAL CURRENT LIABILITIES 1,332,891 1,266,422
' OTHER LIABILITIES
Revenue bonds payable - exclusive of
maturities due within one year 159785,000 12,8980000
' RESERVES - EXHIBIT C-1
Reserve for revenue bond retirement 1,1269104 1,062,000
Reserve for system extension and improvement 142,916 402,486
' 1,269,020 10464,986
UNREALIZED INCREMENT IN VALUATION OF
' UTILITY PLANT IN SERVICE - EXHIBIT C-1 4,002,022 41285,181
CONTRIbUrIONS AND RETAINED EARNINGS - EXHIBIT C-1
Contribution in aid of construction 4,381
Retained-earnings 5,610,041 4,739,391
5,6149422 4,739,391
COMMITMENTS AND CONITNGENCIER - "',,ce F
$2890030355 $24,653,980
To EXHIBIT A
See noter to f'nancial statements,
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t ELECTRIC SYSTEM FUND
ANALYSIS OF CHANGES IN RF,SERVES, UNREALIZED INCREMENT,
CONTRIBUTIONS AND RETAINED-EARNINGS BALANCES
' CITY OF DENTON, TEXAS
' Year ended SeptLnber 30, 1970
' R E S E R V E S
Revenue Extension
' Bond and
Retirement Improvement
' Balance at beginning of year $19062,000 $402,986
Add:
Transfer from operating fund 64,104 541,498
' Contribution by developer
Net income - EXHIBIT C-2
Decrease in reserve for extension and
improvement
64,104 5419498
' 10126,104 9449484
Deduct:
Reduction in reserve for extension and
improvement 801,568
AmurtizatiCIL of unrealized increment
Transfer to general fend
Transfer to reserve for extension and
improvement
Transfer to revenue bond retirement
' 801,568
BALANCE AT END OF YEAR $10126,104 $142,916
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EXHIBIT C-1
Unrealized contribution Retained
Increment in in Aid of
Valuation Construction Earnings
$4,285,181 $ - $4,739,391
t 4,381
1,304,057
801,568
41381 2,105,625
4,285,181 4030' 618450016
' 283,159 629,373
' 541,498
64,104
283,15 9 192340975
' $490020022 $4,381 $5,6109041
' E X H I B I T C
' See notes to financial statements,
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' EXHIBIT C-2
ELECTRIC SYSTEM FUND
STATEMENT OF OPEFATIONS
' CITY OF K NION, TEXAS
Year Endr._d September 30
'
INCOME 1970 1969
Electricity sales:
' Customers $4,294,387 $3,848,880
Intergovernmental 198,844 120,215
Other 17,052 32,178
' 4,510,283 49001,273
EXPENSES
Salaries and wages 549,065 4810665
Fuel for electricity production 887,318 744,559
Supplies 38,324 520255
Maintenance 82,122 569341
Insurance 42,387 569049
' Administrative services 2349807 208,754
Provision for uncollectible accounts 26,578 13,428
Services 769221 56,370
' Economic development 31,802 22,003
Bond issuance expense 6,289
Sundry 190384 218
' Equity in loss of Working Capital
Fund - EXRTBIT F-1 108,133 38,866
2,102,430 1,730,508
OPERATING INCOME
' BEFORE DEPRECIATION 2,4071853 20270,765
Provision for depreciation 739,041 715,281
OPERATING INCOME 19668,812 115550484
' Other income - interest 81,597 89,991
19750,409 1,6451475
Bond interest and fees 446,352 475,164
' NET INCOME $1,304,057 $1,170,311
TO EXHIBIT C-1
ae notes to financial statements.
1
' -15-
' WATER AND SEWER SYSrLX FUND
BALANCE SHEET
' CITY OF DENTON, TEXAS
t September 30 September 30
1"70 1969
AS SEIS
' CURRENT ASSETS
Cash $ - $ 229,058
Time certificates of deposit 20,000 20,000
Interest receivable on investments - 40291
t Due from other funds - 194,229
TOTAL CURRENT ASSETS 20,000 447,578
' RESTRICTED ASSETS
Revenue bond debt service:
Cash 529789 55
Open time deposits 37,000 88,900
' Interest receivable on investments 123 208
Revenue bond reserve:
Cash 5,431
' Certificates and time deposits 3609205 3500000
Interest receivable 444
Due from operating fund 49507
' Revenue bond construction:
Cash 192,005 3030275
Open time deposit 5500000
Grant receivable from Federal Government 2610100 -
' Interest receivable on investments - 2,750
TOTAL RESTRICTED ASSETS 9130604 1,295,188
t UTILITY PLANT - Note C
Land and land rights 1009800 100,800
Water utility plant (less accumulated depreciation
of $29766,159 - 1970; $29556,660 - 1969) 4,3170493 403279396
' Sewer utility plant (less accumulated depreciation
of $2,411,291 - 19710; $2,308,666 - 1969) 1,0290075 10030,973
Water rights (less accurm Lated depreciation
' of $85,022 - 1970; S80.020 - 1969) 1650042 170,044
Construction to process 193550618 331,741
6,968,028 59960,954
' 1NVESfnNT IN iNIRACUVERNN:a,NFAT,
SERVICE FUNDS - EXHIBIT F - Note G 1479858 32,862
$89049,490 $7,736,582
' To EXHIBIT A
-16-
' EXHIBIT D
September 30 September 30
1970 1969
LIABILITIES, T+LSERVkS, CON'1RIBUTIONS AND RETAINED-EARNINGS
' CURRF.N'I LIABILITIES
Payable from current assets:
Cash defieit $ 42,453 $ -
' Vo,.;chers payable 10,4L8 10,759
Accrued payroll and payroll taxes 17,762 13,989
Ih;e to other funds 30,876 19,925
' Due to revenue bond reserve 4,507
Revenue bonds payable due within one year 138,750 140,499
244,766 1859172
' Payable from restricted assets:
Vouchers payable 7,038 -
Construction contracts and retained
percentage payable 109,068 101,878
Revenue bonds payable due within one year 469250 33,333
Accrued interest on revenue bonds _ 36,302 51,876
198,658 1871,087
' TOTAL CURRENT LIABILITIES 443,424 372,259
OTHER LIABILITIES
' Revenue bends payable - exclusive of
aat,rit'ca d.;e within ene year 49080,000 4,2519168
Contract p,iyahE~ 58,874 _ 72,706
' 4,138,874 49323,874
RESERVES - EXHIBIT D-1
' Reserve for revenue bond debt service - 39954
Reserve fur revenue bond retirement 370,586 350,000
370,586 353,954
' CONIRIbU1IONS AND REfAINEJ-EARNINGS - EXHIBIT D-l
Contributions from cipal or other
governnontal units 2,464,212 2,057,012
' In aid of constr.i.7tiort 17,858 -
keCatn:d earning; 614,536 629,483
3,096,606 2,686,495
' CONIINUENCIES - Note F
' $8,049,490 $797369582
To EXHIBIT A
Sec notes to financial statements,
1
' -17-
WATER AND SEWER SYSTEM FUND
S ANALYSIS OF CHANGES IN RESERVES, CONTRIBUTIONS,
AND RETA1Nh;D•EARNINC3 BALANCES
' CITY OF DFNiON, IENAS
Year u0,101 5011tL'm1 k.r '30, t'~70
t ~
R E 5 E R V F. S
' Revenue Revenue
Upnd Debt Bond
Service Retirement
' $3,954 $350,000
Balance at beginning of year
' Add: customers 20,586
Contributions of water taps by Transfer from operating fund
Net income - EXHIBIT D-2
Decrease in reserve for revenue bend
debt service
Contribution from Federal Guvernment - 200586
3,954 3700586
Deduct:
Decrease in reserve for revenue bond 39954
debt service
Transfer fn reserve for revenue bond
ret tr(micnt
Transfer- to General Find 3,954
' BALANCE AT END OF YEAR $ - $3709586
T o
' Sec notes to financial statements.
-18
i EXHIBIT 0-1
II
' C 0 N T R I N U T I 0 N S
Municipal or in Aid
Other Governmental of Retained-
' Ulnits Construction Earnings
$2,0570012 $629,483
' $17,858
' 184,112
3,954
' 407,200
4079200 17,858 1889066
' 2,464,212 179858 817,549
20,586
' - - 182,427
_ 203,013
' $2,464,212 $17,858 $614,536
E X H C H 1 1, D
' -19-
EXHIBIT D-2
' WATER AND SEWER SYSTEM FUND
STATLMF,N I' OF Opf RATIONS
' C11Y OF UFNTON, TEXAS
fear Ended September 30
1970 1969
INCOME:
Water sales: $ 9029498 $ 829,347
' Customers 369884 30,203
intergovernmental 315,638 306,912
Sewer service charges 24,405 349256
' Tapping fees 196 4,521
Other 13279,621 '1,201,299
EXPENSES 266,393 286,188
' Salaries and wages 62,875 68,999
Supplies 30,785 329346
Maintenance 62,146 59,112
' Production power 78,269 69,584
Administrative services 66,094 59,851
Services 71479 7,152
' Provision f0v uncollected accounts 49500 50953
Insurance 159901 9,575
Economic development 6,459
Bond issuance expense 9,241 2,513
' Sundry
i~,quity is fuss of Working 20,799 36.510
Capital Fund - F.XPIBIT F-1 624,482 644.242
' OPERATING INCUMV
BEFORE DEPRECIATION 6559139 5639057
317,12.5_ 295,677
' provision iur depreciation _ OPERATING INCOME 1380014 267,380
27,430 35.152
Other inccImc - interest 3659444 302,532
181,332 151,970
Bond interest and fees NET INCOME $ 184,112 $ 150,562
TO EXHIBIT D-1
Sep rtt,tes to financial statements,
-30-
EXHIBIT E
GENERAL DEBT SERVICE FUND
BALANCE SHEET
MY OF DENION, TEXAS
September 30 September 30
' 1970 1969
ASSETS Cash
$ 13,915 $ 71500
' Open time deposit - 100000
Interest receivable on open time deposit - 34
' Thee from other funds 11,471 7,997
$ 259386 $ 25,531
' FUND BALANCE
' Fund Balancx- - EXH1BU E-1 $ 25086 $ 250531
To EXHIBIT A
1
See notes to Financial statements,
' -21.
EXHIBIT E-1
GENERAL DEBT SERVICE FUND
STA'IEMF:Nr OF RFVENUE, EXPENDITURES AND FUND BALANCE
t C i t'1 OF DF N~WN , J i%XA5
Y(,•nr Ended September 30
1970 1969
REVENUE, $588,840 $4430915
Budgeted portion or taxes collected 1,526 1,683
in t.rtist earned on invea+tmonts 591,366 4450598
EXPENDI'T'URES 3469000 220,500
i.rod ' bonds rct 245,'132 204,228
Intoresto nn n bonds 379 396
Paying agent fees 591,511 4250124
' REVENUE OVER (UNDER) EXPENDITURES (145) 20,474
'
2--- i
Fund balance at beginning of year 25,531 59057
FUND BALANCE AT END OF YEAR 259386 $
' To EXHIBIT E
t
t
' See notes to financial statements.
1
-22-
EXHIBIT F
' INTRAGOVERNMENTAL SERVICE FUNDS
BALANCE SHEEP
t CITY OF DENIUN, TEXAS
' Working Motor
AS S F."I 'S To ta1 Capital Pool
' Cash $ 167,267 $ 920298 $ 74,969
Investments - at cost 120,000 120,000
lnterert receivable 445 445
' Inventories - at lower of Cost or market 288,725 288,725
Due from other funds 175,519 20,438 155,081
Fixcd assets at cost:
' Equipment 1,253,099
Accumulated depreciation 4,866 1,248,233
557 789) r (570) 7a 219)
695,310 4,296 691,014
' Investment in Motor Pool Fund - at cost 1,120 1.120
$19448,386 $ 4060877 $1,0419509
t LIABILITIES, RESERVES AND FUND BALANCES
' Vouchers payable $ 104,220 $ 1049220 $
Accrued payroll and payroll taxes 51515 -
5,515
' Due to other fund,i _ 4.275 _ 1,245 3.030
IOTA; LIABILITIES 114,010 110,980 3,030
' Reserve for maintanajtce of service center 11755 -
1,755
Fund balances:
Investment by General Fund - Note C 162,542 37,381 125,161
' Investment Ly Electric System Fund - Note G 276,934 188,112 88,822
Investment by Water and Sewer System Fund-Note(.; 147 8--)8 68,049 79,209
Investment by Working Capital Fund L1120 10120
' Cuntrii,uted assets 221,911 - 221,911
Retained earnings 522,256 - 522,256
11332,621 294,142 1,038,479
' $1,448,336 $ 406,871 .51 ,041,509
TO E'XHIBI'T A
' See notes to financial statements,
.23-
EXHIBIT F-1
INTRAGOVERNMENTAL SERVICE FUNDS
' ANALYSIS OF CHANGES IN 'UND BALANCES
CITY OF L)EsloN, Itxpi
Year ended September 30, 1970
' Working Motor
'rot al Capital POOL
Investment by Ceneral Fund:
' Balance - September 30, 1969 $ 102,376 $ (19272) $ 1039646
Assets transferred during the year - Note c 719484 49,971 21,513
ALlucatlun of MA IOSS I]. 318) 11 318) -
' BALANCE - SEPTEMBER 30, 1970 162,542 37,381 125,161
Investment by Electric System Fund:
Balance - September 30, 1969 32,550 (44,262) 76,812
' Assets transferred during the year - Note C 352,517 340,507 129010
Allocation of net loss (108,133) 108 133)
BALANCE - SEPTEMBER 309 1970 276,93' 188,112 88,822
' Investment by Water and Sewer System Fund:
Balance - September 30, 1969 32,862 (41,579) 74,441
Assets transferred during the year - Note G 135,795 [31,027 4,768
' Allocation of net loss 20 799) (20t799)
-
BALANCE - SEPTEMBER 30, 1970 147,858 689649 79,209
Investment by 4rorking Capital Fund:
' Balance - September 30, 1959 705 - 705
Assets transferred during the year 415 415
BALANCE - SEPTEMBER 30, 1970 19120 - 11120
' Contributed assets:
Balance - Septk-tuber 30, 1969 220,102 - 220,102
Contributions from trust fund 11809 10809
' BALANCE - SEPTEMBER 30, 1970 221,911 2212911
Retained earnings:
' Balance - September 30, 1969 376,334 376,334
Net in(ome 145,922 145.922
BALANCE - SEPTEMBER 30, 1970 5221256 - 522,256
' FUND BALANCES SEPTEMBER 30, 1970 $L,332,621 $294,142 $[1038,479
(To -iEXl1IB1ceT,
r'}
See notes to financial statements,
' -24-
' EXHIBIT F-2
INTRAGOVERNMENTAL SERVICE FUNDS
' L 'ATEMENT OF OPERATIONS
CITY OF [)ENlo%, 'Jvv's
' Year Ended September 300 1970
Working Motor
Total Capital Pool
Charges to other finds $1,162,799 $ 949,510 $ 213,289
' Less cost of materials:
Fcgln,ring irnventrry 3929510 392,510
' Purch;vic+s 866,800 _ 866,800
1,2599310 1,2599310
Less ending inventory 288,725 __288j725
' 970,585 910,585
192,214 (21,075) 213,289
Operacing expenses:
' Salaries and wages 101,804 101,804
Supplies 1,710 11710
Maintenance 1,575 1,575
' Equipment rental 3,024 39024
Miscellaneous 10,492 10,492
Depreciation (straight-line) 1271561 570 1261991
' 246,166 1192175 _ 126.991
NET OPERATj.NG INCOME (LOSS) (53,952) (1409250) 869298
' Other incomr;:
Gain on sa?.e or trade of equipment 54,843 54,843
Interest earned 4.781 41781
' 59,624 - 59,624
NET INCOME (LASS) $ 5,672 $ (140,250) $ 145,922
' TO F.XHIB1I' F-1
See notes to finvnclal stateirrents.
1
1
' -25-
' CAPITAL PROJECTS EXHIBIT C
BALANCE SHEET
' CITY OF DEMON, TEXAS
September 30, 1970
1 Street Fire Municipal
ASSETS Total Improvement Station Building
'
Cash $ 59,082 $ 29,785 $ 20,766 $89531
Proccods receivable frtnn
bonds sold 1,002,460 1,002,460
Due from other funds 1399655 138,441 1,214
$10201,197 $1,110,686 $ 20,766 $9,745
LIABILITIES AND RESERVES
' Vouchers payable $ 571209 $ 26,059 $ 10,I25 $1,025
Construction contract retained
' percentage payable 50,149 409320 10109 8,720
Due to other funds 1639142 1629879 263
rMAL LIABILITIES 250,500 229,258 11,497 9,745
' Reserves:
Encumbrances 193589887 1,258,041 100,846 -
Authorized expenditures (deficit) (408,190) (316,613) (91,577)
$1,201,197 $19170,686 $ 209766 $9,745
' To EXHIBIT A
1
' See notes to financial statements.
-26.
'
CAPITAL, PROJECTS EXHIBIT G-1
' ANALYSIS OF CHANGES IN RF.SF,'RVf:S FOR E:XPEND111US
GII i OF DLN1ONI II;XAS
' 1'iar crnJ ,l Sel *cn~ •r 0, I'a70
' Fire Municipal
Total Street Station Building
' BALANCE (Ul:FICLTj O; tuhrr 1, 1969 $1,393,577 $1,3779448 $ 13,029 $ 30100
Additions:
' Contributions frkrn otl<<•r
governmental agencies 16t682 16,682
Pr:lceeds from rate of
' abandoned fire station 14,956 14,956
Interest income 13,458 15,120 338
Assessmc-nt revemte 80,482 80,482
' Correction of prig year's
assessment revon+'E' 61,484 619484
Rent and ether mivicellaneo,ts
revenue 8,657 8,657
Proccads frirn talc of b[IndS 1,0000000 10000,000
7ransfer frun 1,213
1,213
' 1,1981932 1,165,743 15,294 17,895
Uc~l:r_ f~ i ~,i.~s
C,pit,I `'xf`r"dit'" 1,641,812 1,6010763 19,054 20,995
' Increase (dc~rcase) In rcverv~,
ffir cr nl;r rw1 1,358,887 11258,041 1009846
3,000,699 2,859,804 1191900 20,995
Y.AIANCV (DEFtu!1) S~nil;r 30, 1970 $ (408,190) $ (316o613) $(91,577)
T o E X 11 1 13 I T G
' See notes to financial statements.
-27-
' SPECIAL REVENUE, TR1ST AND AGENCY FUNDS EXHIBIT 8
' FALANCF SIIFE'l
L 11t' 0[' faP;,JtfiV 1k'\.1S
' Stet oil or i0, 1970
Street
C Total Assessments Miscellaneous
' ash A55f~;T'S -
Open time J(!p)3its $ 6,470 $ $6,470
494 494
' Street a3sessmviLta receivable less
allowance for isncollectibles of
$100,000 109,613 109,613
Due from other Funds 98 98
$11E,675 $109,613 $7,062
LIABILITIES
' Vouchers pa ahle $ 19444 $ - $19444
Due to ut},cr find, I10,282 109,613 669
Re,erti•e for vnc+unLr*ir.cc'y 773 773
Escrow deposik,, 4,176 4,176
$116,675 $109,613 $7462
To EXHIBIT A
ld,-A l i. OF LS_ IIV D1iPOS'lY'S
?I~.Karv,a f',,rw
Emllp F'o 1 r tlkrary I'unJ $ 991
3,185
$4,176
' See notes to financial statements.
-28-
EXHIBIT I
` STATEMENT OF GENERA], FIXED ASSETS
CITY OF DENIM TEXAS
GENF.RAI. F]XFI1 ASSETS
Balance
Balance
Oct. Is 1969 Additions Retirements Sept. 30, 1970
' Land $ 739,630 $ 39,761 533,750 $ 745,641
Buildings 25,657 - 1,674,571
' -
1,640,914
49952,186 - 4,452,188
Streets - Note C
' Equipment and other 513,835 124,236 - 638,07',
improvements 1 62018
1 1,6~ 20,8$
Construction in process - $1,810,472 $33,750 $9,6310289
MWOOMMIUM ===COME
1 INVESTMENT IN GENERAL FIXED ASSETS
t
052,713 $1,406,964 $8,459,b77
From General Obligation Bonds $7,876,878
7859557 1250071 $33,754
Fran opE~rations _ 294,734
16,297 278
From contribution,", $9,6310289
$798540567 $1,8 $3 -
ZMMWMM~ ' To EXIIIBIT A
1
r
See noteA to financial StEttementa.
NOTE: Invo,,tment in vehicles by the General Fund is recorded in the accounts
of the Motor Pool Fund.
r
-29-
' EXHIBIT 3
' STATExFN'Y OF GENERAL DEBT
C1Ty OF DE,91ON, TEXAS
September 30 ..^.eptember 30
1970 1969
' An,ounts required for retirement of
general obligation bonds:
2`,,386 $ 25,531
Available in General Debt Service - EXHIBIT E 6,257,469
' Additional f«turc requirements - Note 6,91 1 614 _ 257 000
$6,93'1,000 $60
'
General obligation bonds payable $6,93"t 000 $6,283,000
To EXHIBIT A
' Note: The factors contributing to the Increase
during the year ended September 30, 1970, in
' the amount of additional future requirements
are sunmtariaed below:
$6,257,469
Balance October 1, 1969 1,000,000
' Bonds issued during the year
Decrease in amount available in Ceneral Debt _ 145
Service Fund - EXHIBIT E 79257,614
r
Bonds retired during the year 34610_D
BAIANCE SEPTEMBER 30, 1970 $6,911,6114
1
' -30-
' EXHIBIT K
' NOTES TO FINANCIAL STATEMFN'TS
CITY OF W JON, 1FXAS
September 10. !9"%0
' Note A - Taxes and AS ticc~m~nts
of accounting for taxes and assessments from the
520 in
The city clangc-ct its method
' cash the accrual method. This InataxesereceivableiatrtileeendfofZthe year,
tax revenue for the year, $77, In the General Fiend
and $54,300 in fund balance at tite beginning of the year
reservlecforlauthorizeduexpenditurestInsthe Streetresuit-
and the nc se establisment
ing in an inrrea
Improvements Capital Projects Fund of $61,484.
' Note B - Trade Accounts Receivable, Electric System Fund
IncInded in trade accounts receivable in the l ecl;rtc System Fund Fare amounts
due for water and sewer services provided by the 'dater and Sewer
facilitateFaccountingiandreollection procedures,
garbage services stem Fund by to the oneral
portion of the revenues and losses from these accounts.
by the Electric System
t Each find records its own Rote C - Utility Plants and Other Fixed Assets
' Utility plsnt~, and otber fixed assets are recorded at cost or market value at
date of coitrlbutlon except of, follows: lent in service was
he net carrying value of the Electric System utility p
increased liv 54,851,498 to the appraised replacement value ices 1967ec1Theon as
determined by independent consulting engineers at September 30' the current
_ -ying value is being amortized directly to Unrealized Increment
incxcase i
n of and y plant in Service. ofcrecorded tzappraiced value over
Vaw'$ o
yc ear was 52K3,159 9 and the remaining ng970, excess was $4,002+022.
' acq•isitloll cost at September 30,
Contributions from developers of rtrects~cn waterotn sc-wnr sets+anclavc
never 1)4-en recorded cos as.~cts by the City. Mount these ns
5lAt8ment (depreciatAion) of the
.
it, not known
LILeir ot1iind an] e the shevL
and
' and Sc.. ei .;y tcm F
Note U•- "transfer of Exeesr; Rcvc'nnes from the Utility System Funds to the
General Fund
lbe (:lty ch,,rter allow,, a transfer of t"e cess re enues" (s defined Inntheto
"rnsy
(itg chatter) of in(, I'tility
ct investment" in tite utility systems. The City rom
nt
exceed t,r ,,C L.
the Charter siutilitynsystemsnforitheslostttfiscalayear.n In thei n pinin einn e of
' audit of the legally include the appraisal
iincr tement Aof u$4,285,181 +'at t September S~30, m 1969,
' •31-
.Fr• k7
` E%NIBIT K (Cont'd)
NC1AL STAI'i',MfPTI'S
NOTES TO FI
CIIY of DFN'101• iEXA:
r grptctnr,r 10, iy;'.)
r City chan,;rt its practicer of accc,untini, for electric
Durini thocatran~fcrmers r cHC ',,ith Foci ral Puwcr Conuefssion rccom,nc•rrdattons.
'I V This
Transform.,rs are daL(, 01 puarst. chase inste chadange of rbeesi,Iltted
O ' , of t}-,e Ele:ctrie stem Fund and a decrease
incl~dcd in w,rkink ca,
is itel Fund of $165,704 at September 30, 1970.
in an increasr in fixe y
in invent.)ry in Cl),• Working p
r Note F - CommILmcnLr and Contingencies
The ric
roved c18tr`ctbeffinancedr,primarily from tproceeds of
r City Council has approved
utility system totaling $4,833,
Electric System revenue bonds. in the opinion
r ending against the City.
cis are p
s:ttlements, if any, would be immaterial in relation
several suits and other clai
of the City Atan.
to the City's f finnancial statements taken as a whole-
Note G - :-vestment in Working Cap
years
Capital Fund during current and previous
made to the Working 1970, from interfund payables to investment
r were reclassified at September 30,
esute b other fund„ It i ; teclW-if ndlWaternandcSewer s System investment eofs by
y t,;lcctric Y
r the 971;r; 3 0'r,~and $131,027
respectively- -32-
1
' ACCOl1N"fANIS' RF;PORV ON OTi1f;R FINANCIAL INFORMATION
' City of Denton, Texas
' The audited financial .tatements of the City of Denton. Texas, for
the year ended September 30, 1970, and our reports thereon are pre-
sented in the preceding section of this report. The information
' presented on pages 34 to 52 was derived from the accounting records
tested by us as part of the auditing procedures followed in our
examination of the aforementioned financial statements, and in our
opinion, is fairly presented in all material respects in relation
' to the financial statements taken as a whole; however, it is not
necessary for a fair presentation of the financial position and
results of operations of the City.
Statistical information presented on pages53 to 57 was prepared by
the City and has been Included in this report without verification.
1
' Fort Worth, Texas
December 17, 1970
1
t
-33-
' BONDS PAYABLE - ALL FUNDS
CITY OF DENTON, TEXAS
September 30.
Date ['ate of Amount Interest
of Final of
TsF; oc Rate
t4aturfty
' GENC1 LIGA"l'1(~`l YU;JDS AND WARRANTS 3- 3- 1-71 $ 15(),000 1.25
1-48
1948 Street I;upl'0VL'n,' nt P, nda 7 •t5-60 7-15-85 600,000 3.50 to 3.85
1960 Street hupre ,mrit 1;,,-11s _15-62 3-15-87 5009000 2.75 to 3.20
1962 5trcct Impr,,vtmcnt Bond+ 3 3-15-63 4 15-76 305,000 2.80 to 2.85
1963 Permanent l;uprnvcment Hari ants 3_1i-63 3-15-88 500,000 2.50 to 3.25
' 1963 General OblI ion Bonds 7_15-64 7-15-82 800,000 3.00 to 3.20
1964 Central Obligation Bonds 7-13-64 7-15-82 200,000 3.00 to 3.20
1964 Park Impr.Ivtment Bonds 113,500 4.50 2- t-66 1966 Airport Impro,r(,ment Warrants 11_15-66 11-15-86 190000000 3.-'r' to 5.00
00
1966 General Obligation Bonds 11-15-67 5-15-89 600,000 4.25 1967 General Obligation Bonds 1_ 1-68 2- 1-88 10000,000 4..00 60 to to 56..50
1968 General 0l,ligatinn Bonds 4_1; 69 4-15_89 19285,000
' 1969 General Ohi.Tgation Etmds 9-15-70 3-15-91 110000000 5.00 to 7.00
1970 General Obligation Bonds
1 ELECTRIC, SYSTEM RE'/1;V.`. FOND' 11- 1-54 Ll- 1-84 4,287,000 2.75 to 2.90
1954 F.lc'ctric Stistem 5_ 1_55 it. 1-85 19350,000 2.75 L. 2.90
' 1955 Electric 5y5tcm 387,000 3.00
ll- 1-55 it- 1.85 1,
1955-B M e tr"ic S75tem 1-61 11. 1-90 5,200,000 3.05 to 5.00
1961 F.lectrtc Sy;"tern 1- 1-65 11- 1-84 49000,000 4,00 to 5.00
' 1965 Electric. Svate,a 2 1-68 11- 1-88 110000000 4.50 to 6-'j0
1968 Electri," S;;>tc'm 9_ 1_70 11- 1-95 39500,000
1970 Electric 5_'tcn
WATER AND SEWER SY;1Fhl F1;UF;:vU'r, 1,03DS
' 7-15-50 7.15-90 1,700,000 4.00 to 4.25
1960 Water ar„3 Sy,to,, 3.00 to 3.45
' 7-15-62 7-15-90 1.000'000 3.00 t;l 3.40
1962 Water ~r- 5c"r, 7..1,5-64 7-15-84 250,000 :9.,',r1 t~~'!{ . 50
1964 Water and ;i. .r SvA' n 1_1i-66 7-15-86 1,000,000000
1966 Watl'S' t1"r. ' 7-1, ~-89 1,060, 4.00 to 6.30
1969 Wat'.r nrd 5,.,r 5~;t r„
1
1
-34-
SCHEDULE I
N(.lu i r•meitit
Yr;,r End(,
}<L14 d 5c~t IT11)('r 309 1971
1970 ,,t,;tandIng ~ Y r
3 n c 11) Al Intcregt
Sn tt,r -9t1y S ~1e t
rrl ~ .30, 1y70
llak~land;ny; 1r
' Oct, 1, 19i;)
5(),000 $ 812
'11"000 $ 50,000 14,113
A i()0,000 25,000
^5,000 375,000 10,010
20 0UU
400,000 21),000 340,000 30 000 6,097
360,000 25,0()0 215,000 20,000 10,790
240,000 20,000 360 OOO 25,000 219738
380,000 25,000 705,000 10,000 4,335
730,000 10,000 140,000 6,000 49680
1509000 6,000 107,000 25,000 31,569
1 113,000 25,000 925,000 30,000 24,225
950,000 000 570,000 000 39,063
30,
600,000 50,000 925'400 5060,,000 632205
' 975,000 60,000 1•225,000 59,050
1,285,000 1 000,000
51,0____00,100 $34$346,0o $ ' $351,000 $28_ Q~687
6,9~-000
$ 6----28 000 51'0
$140,000 $ 710675
$140,000 $ 2,645,000 449000 23,838
$ 2,781,()()0 43,000 844,000 44,000 25,860
' 8r37,()00 !+_,UUO 884,000 85,000 159,645
916,ui10 75,00() 4,825,000 790737
250,000 1+0,800
4 , 900, 25u,000 2,750,000 50,000
3,0G11,1,' 30,000 450,000 14248
1,U1)O,UI)0 3 '000 575,803
$613,000 $
,3, 00,E $16t3989000
_
$13,498,OOp
t $ 45,000 $ 58,000
c 45,000 $1,450,000 30,000 26,990
0, 1,49C)OU 30,000 815,000 15,000 5,110
' BA;,Gl10 15,000 8OOooU 50,000
17 27,550
5,'-''10 40,000 800,000 4i W) 0 55,900
880,4)00 ^U On0 1,0_ 40- '00~ 000 $173,550
1 1,( 6(~,r ~i~__ ar, 265,000 818,,_~
4.425,1 Or) 16r),(~OO - - -
' -35-
t FUTURE DEBT REQUIREMENTS - All FUNDS
CITY OF DENTON, TEXAS
BaSL"i , 1 t nd, Ar:d aa,,t !rt s I. :•;0 I c its o1 Scptomher 30, 1970
Year l n!t i nil, GENERAL010,ICATION
Se pt cmi"r' 1l 11riticip I Irrtr•rr•st Tor al
1971 $ 351,000 $ 289,!,87 $ 64r},,-,87
1972 428,000 213,408 701,408
1973 433,000 254,5'0 687,530
438,000 2359680 673,680
197 439,000 217,999 656,999
19 439,000 200,770 639,770
' 19776 6
1977 400,000 183,830 583,830
400,000 168,171 568,173
1978 400,000 1529448 552,448
1979 396,000 136,570 532,570
1980 402,000 120,700 522,700
1981 401,000 1049555 5059555
1982 325,000 88,252 413,252
' 1983
198' 325 000 74,217 399,217
325,000 60,087 385,087
1985 ' 300,000 459825 3459825
1986 2409000 33,52^ 273,520
1981 245,000 21,992 266,992
1988 1500000 12,065 162,065
' 1989
1990 50,000 4,050 54,050 1991, 50,000 1,250 51,250
1992
19,43
1994
1995
$6,9379000 $2,679,604 $7,616,608
t
' -36-
SCHEDULE 11
J WATER AND SEWER SYSTEM REVINUI:
Int~r~^r Total
h;I,I?C'1Rll; 5l'S`!l5P1 ftl_Vk':Nl`1_1~t,al Princi~fll
Prin ipnl Inttr.st
' 18;,000 $ 113,'+50 $ 358,5'30
575,803 $ 1,188,803 $ 165,475 360,475
$ 61 :,0(10 $ 618,906 1,353,906 1()5,000 15! 3;2,2?;
']3~;,000 195,000 ,225
697,000 589,303 1,286,30 20000 148,975 348,975
000 561,931+ 1,270,93+ 140,525 345,525
707, 1,250,386 205,000 3479165
716,000 534,388 215,000 132,165
7300000 506,772 11236,772 215,000 123,558 338,558
r 742,000 478,993 1,2209993 220,000 114,900 334,900
754,000 450,805 11204,805 2259000 106,043 3310043
000 422,090 1,190,090 97,018 3270018
758, 1,172,723 230,000 879783 317,783
780,000 392,723 230,000
79r+,000 1 156,788 78,497 318,497
362,788 1,138,334 240,000 845 308,845
806,000 332,33!+ 240,000 68,
820,000 3011424 1,121,424 2459000 59,187 304,187
270,127 1,104,127 49t330 279,330
634,000 241,012 1,094,012 230,000 40 275,050
853,000 235,000 ,050 225,545
213,065 900,065 195,000 30,545
' 687,000
183 888,140 200,000 222,395
705,000 ,140 ,000 22 , 395
151,605 881,605 13,995 218,995
730.000 868,760 205,000 60097 166,097
118,045 811,045 160,000
750,000 86,045
7259000 539360 803,360
750,000 172,305
.40,000 32,305
' 11+0,(!0 23,3BO 163,380
140,1100 0 15,I50 15,750
140,000 9,450 1499450 -
5 0 -------r-'
1,815,159 $6,081,1,8
140,000 __._.J3 1 1'1 50
' $16,3'18,000 ;7,.529,412 $23,9 27 12 $4'26 ?!)a0 $
1
' -37-
SCHEDULE III
GENERAL FUND
' ESTIMAIED AND A -ITA1, REVENUE
CT1Y OF DENWN, IEhAs
' _Ycar Ended September 31 1970 _
At- teal Revenue
Estimated Actual Ovrr or (Under) Prior Fiscal
' R(•Venur Revenue Estimated Year
TAXES
Current taxes $ 437,18') $ 453,179 S 15,994 $ 503,437
Delinquent taxes 20,000 19,388 (612) 240457
Penalty and iTI turest 13,000 13,595 595 10,952
4701185 486,162 15,977 538,846
' OTHER TAXES
Sales Tax 555,000 587,380 32,380 549,498
Franchise Lax - Lone Star
Gas Co. 209400 20,396 (4) 19,461
' Franchise tax - General Telephone
Co, of the Southwest 27,400 27.379 21) 22,630
602,800 635,155 32,355 591,589
' FEES FROM REVENUE-PRODUCING
FACILl11ES
Garbage charges - residential 190,000 1979680 79680 200,573
Garbage charges - commercial 81,000 899235 81235 84,158
Swimming pool receipts 10000 110212 1,212 89193
Cemetery fees 19700 1,680 (20) 1,838
' Community building rent 6,000 3,241 (2,759) 59464
Airport 14,000 17,097 3,097
302,700 320,145 17,445 3009226
' FINES AND FEES
Corporation cojrt 140,000 154,578 14,578 144,058
Animal pound 11000 1,908 908 243
Automobile puund 800 1,607 807 11011
' Police record checks 300 216 (84) 548
142,100 158,309 16,209 1450860
LICENSES ANT) PERMITS
' Zoning pcrnits and petitions 700 780 80 1,360
Tax certificates 1,100 1,379 278 19123
Dog license 100 61 (39) 108
F,lcctric and plumbing licenses 19800 1,360 (440) 1,400
Vit:,l st', i5ttcr: 19700 2,368 668 29049
Building hermits 14,000 16,121 2,121 159084
' Miscellaneous permits 1,600 1,670 70 1,756
Luadiug, zone; 574 589 1.5 497
GarFag~_ permit: 2.1200 2,834 _ 635 _ 2,146
239774 27,162 3,388 259523
' -38-
' SCHEDULE III (Cont'd)
' GENERAL FUND
' ESTIhi;'i'I'F11 ATyD AGiUAI. KEVFAUF.,
CS'Py OI. 1)F^iloN, 'l"EXAS
Year F.nded Se tember 304_1970
Reveiue
Actual
Estimated Actual over tim(Und r) Pri'raYiscal
Revenue Revenue
' MISCF:I,IANEOUS REVENUES 3,000 2,554 (446) 3,686
Parkilig meter rectiptS 3,600 3,829 229 3,861
' Electric inspections 40500 53604 1,104 5,048
PlumF)ing inspections 1,500 10460 (40) 1,389
Covntty fire runs _ 39000 3,000 WOO county radio and identification 1,000 50066 4,066 889
Rents and concessions _ 26 26 769
Sale of scrap material 31,918
Matching fund 3, 37,000000 48,0 91 19 11,091 (2,081) 4j767
' .
Interest income 13,500 14,580 1,080 4,379
Miscellaneous income _ 2,110 2,110
Paving assessment interest 1709000 513 (169,487)
t Due from accounts receivable 35 834 35 909 75
Fixed asset sale 275,934 123,661 (152,273) 59,706
' TRANSFERS FROM OTHER FUNDS
Ei.FC'iRIC ;ySTQ4 FWD 2089754
Administrative services 238,928 234,807 (4,121) 545,254
' 629,373 629,373
Re W rn on net investment
WATER AND SEWER SYSTEM FUND 69958x,
Administrative services 79,643 78,269 (1,374) 169,831
Return un net investment 182 427 182 427
993,423
(5,491)
1,13D,371 1,124,876 _
$2,947,864 $2,875,470 $(72,394) $2,655,173
t
.39-
' SCHEDnE IV
GENERAL FUND
r APPROPRIAI EOXS AIND EXPI NW ll RES ANU ISNCUMBRANCES
' CITY OF UF.NTON, 1E:XAS
Year Ended September 30,,1970 Expenditures
' Expenditure,; and Encumbrances
Ac(. ','rt Appropriations and Encinnbranccs Prior Fiscal Ycar
GENMI L GOVERNMENT
Salnriosz and wages $ 79,638 $ 91,171 $ 77,428
' Suppiie.' 60944 79941 100822
Maintenance IU,518 11,878 29365
Services 65,618 603989 47,788
' Sundry 105 79481 183
Capital outlay 7,400 11,664 2,345
170,223 191,124 140,931
' LEGAL DEPARTMENT
Salaries and wages 61,724 60,027 55,028
Supplies 29820 2,514 4 842
Maintenance 1,331 1,454 X801
' Services 16,300 17,964 13 052
Sundry 27 X124
Capital outlay _ 31900 4,381
1,912
' ,075 86,3b7 75,759
CO~MITNITY DEVELOPMENT 86
Salaries and wages 145,634 143,021 121o301
' Supplies 6,250 7,435 4,205
Maintenance 5,235 61054 139728
Services 9,813 14,277 16,717
' Sundry 325 323
Capital ;ut1aY 10,700 10,388 6,620
177,937 181,498 162,571
' CIVIL DEFENSE
Salaries and wages 16,173 16,634 16,021
Supplies 532 2,343 2,948
' Maintenance 810 2,301 3,437
Services 1,930 1,874 1,878
Capital outlay _ 5,423 2,07Q 21523
24,868 259222 24,807
' FIN:INCE AT)MINISTFUTTON
Salaries and wage,, 25,556 24,280 29,454
Supplies 635 992 559
' hiaintenancc 327 287 118
Services 1,365 1,128 802
Capital outlay 280 450 11308
' 28,163 27,137 32,241
1
1
-40.
1 SCHEDULE IV (Cont'd)
' GENERAL FUND
AI'Pk"I" 11055 EXF"'""ES AND ENCI'MBKANCES
CS I'f ltl IUI;NiON, TEXAS
' Year Fnded Se tember 30 I`11U Expenditures
r;xpenditure~ and Encumbrances
c,.,l t Ap~ropriatIons and Encumbram es Prior Fiscal Year
Ac
' R1G11'i -OF-WAY 8,444 8,743
Salaries and wages 348 326
1 Supplies 680 589
Maintenance 929 734
Services - 168
Cagitll c)utlsy 10,401 10,565 -
PURCHASING 18 812 17,277 12
Salaries and wages 1,375 1,940 827
' Supplies 250 260 130
Maintenance 19400 1t332 1,208
Services 475 247 212
Capital 01i0ay 22+312 21,056 15,063
' ACCO1'NTINIG, RTLLING, AND COLLECTING
Supplies and wags 161,245 1659683 1540207
18,287 199411 179294
Supplies 49577 41087 3,569
Servires s re 379994 38,103 38,953
' rv
194 289 -
Sundry 475 540 1,477
k,j Cppitpl clay 222,772 228,113 2150500
TAX 2b 600 29,134
' Salaries and wages 26,712 ' L 332
4,960 4,590 +
380 381 380
Maainnt ten nance 1,425 19088 1,431
Services - - 11053
Capital r 33,477 32,659 339330
' 11CA1,111 11:yl'LCIION 8,~+52
Salaricir,d wages 331
Sr)ppLi e.~ 561
Nalnten,cure - 5,344
' SrrvicFS 696
(,api tdi u r a}' 15,384
' SANITATION-COLLECTION
Salaries and wages 213,983 410 2190024 16,534 195,964
Mappiles 16, 35,000 32,932 31,516
439 30,953
SMeainrvitces enance 33,328 33, 278
'
Sundry 1,809 1,809 914,
Capital outlay -3009560 304,016 284,089
-41.
9
' SCHEDULE IV (Cont'd)
GENERAL FUND
' APPROPRIAI[ONS AND EKPENDIT['"RES AND ENCUMBRANCES
CITY OF DENION, TFXAS
' Year Ended September 30, 1970 Expenditures
Expenditures and Encumbrances
' Account Ap,,ropriations and Encumbrances Prior Fiscal Year
SANITAIxN-DiSFoSAL
Salaries and wages 21,912 22,342 20,465
' S ppli,s 772 1,019 755
Maintf;;ance 8,500 10,638 5,680
Services 10,350 91673 9X608
Capital outlay 1.200 2,050 161
' 42,734 459722 36,669
POLICE
Salaries and wages 446,087 442,240 390,297
' Supplies 34,674 26,:86 28,568
Maintenance 26,037 26,095 25,091
Services 42,825 38,297 29,719
' Inventory purchases 6
Sundry 11701 2,366 400
Capital outlay - land - - 863
' Capital outlay - plant and
equipment 10,979 14,474 8 882
562,303 549,764 483,820
' P[RE
Salaries and wages 355,850 361,176 297,576
Supplies 93079 90106 81624
Maintenance 81363 9,291 6,579
' Services 220191 21,996 18,233
Capital outlay _ 6,560 _ 5,391 5,614
402,043 406,960 336,626
' STREET AND BRIDGE
Salaries and wages 170,821 170,638 1369446
Supplies 71111 81574 7,325
' Maintenance 1019065 120,751 92,794
Services 87,627 899789 379550
Sundry - 100 -
' Capital outlay - land 11500 ] 271
Capital ;,Atlay - plant and
cq~riTm'_nt 19,691 322420 11,188
' ,415 422,272 286,580
P:<1+KS - ADM1 NTSrfL1TiON AND PARKS 388
Salaries and wages 91,049 93,540 899093
' Supplies 149120 109882 13,608
Maintenance 91880 17,316 11,220
Service 27,88:1 33,832 289206
Capital outlay - land 17,093 14,459 5,973
' Capital outlay - plant and
equipment 7'620 10,065 2,135
167,65 180,094 150,235
-42-
' SCHF,DULE IV (Cont'd)
GENERAL FUND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
' CITY OF D11Ii11, TEXAS
Year Ended Septembet 30, 1970 Expenditures
Exi,?nditurt•!, and Encumbrances
' Arc ,mt Appropriations and En,~umbranres Prior Fiscal Year
PARKS - SWIMMING 11 ,541 1,',280 12,166
Salaries and wages 2,785 2 452 1,284
' Supplies 3,018 2,,21 1,911
Services 2,800 3,040 21350
Servvices 400 20 436
Sund Capitty al (awards) ) 2,800 2,118 605
Capi 23,344 23,631 18,752
' PARKS - RECREATION 43,479 43,085 389682
Salaries and wages 4,725 49956 3,686
Supplies 2 724 1,831
Maintenance 3,550 11,384
' Services 23,450 21,388
2 000 289 2,292
Capital outlay - land
Capital outlay - plant and 2 997 3,376
equipment 3'270 61,256
80,474 75,439
CEMEIERY 20X385 20,763 1G ,890
t Salaries and wages 800 514 466
Maintenance 380 k14 868
Services 7,319
' Capital outlay 21,565 21,691 23,543
' LIBRARY 33,238 27,073
Salaries and wages 34,277 7,512
Supplies 2,021 2,949
300 434 1,645
Maintenance
S 12,567 14,436 5,805
' etvicfs -
Capital ourlav - land _ 300
Capital o,itlay - plant and 14,171 2,224
' equipmw c 11 296
--UT 65,229 46 5 59
' AIRPORT
$ 1 5 215
upp145 ~
14,434 16,092
Maintenance 3,810 29511
Services
-
' Sundry 39000 3,000
Capital outlay - land 7x132 7'202
Capital outlay - plant and 12,400 8,950
' equipment 40,781 379970
' -43-
' SCHEDULE IV (Cont'd)
GENERAL F11ND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
CI1Y OF DLNION, 1'EXAS
Year Ended September 30, 1910 _ Expenditures
' Expenditures: and Encumbrances
Account Appropriations and Encumbrances Prior Fiscal Year
CI1Y"CO11N1Y 11EALT1i UNIT 249
Salaries and wages
Supplies 122
_ 122
Maintenance 21,500 25,321
Capital 406
toutlay 281
21,500 26,379
' NONDEPARTMENTAL EXPENDITURES 35 000
Flow Memorial Hospital
I 54,O00 159259 120995
_
Insurance
Equity in loss of Working 11,318 1,117
Capital Fund 11567
Other 10,854
' City-County Health Unit 89 000 61,557 26,533
' IRANSFEKS TO OTHER FUNDS FOR - _
SPECIAL PROJECTS 4,027
Parks and Airport Fund 659
t Literary Building Bond Fund 4,686
'TOTALS GENERAL FUND $2,9771053 $39024,465 $20474,934
1
' -44.
' SCHEDULE V
ELECTRIC SYSTEM FUND
' ESTIMATED AND ACTUAL REVENUE
CITY OF DFNION, IEXAS
1
_Ycar Ended September 30, 1970 -
Actual Over Revenue
Estimated Actual (Under) Prior Fiscal
' Revenue Revenue Estimated Year
ELECIRIC FUND
Customer ,ales - residential $1,660,000 $1,734,509 $ 740509 (See Note
' Customer seler - commercial 2,350,000 2,482,894 1329894 Below)
Penalties 359000 51,683 160683
Dusk-Lo-dawn rental fees 15,000 16,038 1,038
Intra-governmental sales 260,490 198,844 (61,646)
' Collection on charged-off
accounts 1,500 976 (524)
Reconnection fees 600 852 252
' Resale pa,er income 39200 6,306 39106
Power purchased and resold 24,000 2,105 (219895)
Sale of scrap material - 8,946 89946
Interest income 359000 72,852 37 852
Over and short (89) x(89)
Miscellaneous income _ 7.220 7,22) _
$40384,790 449583,136 $1.98,346 $4,OOt,273
' NOTE: Prior lea-'s det-t-Iled hrualkdown not available,
-45.
SCHEDULE VI
' ELECTRIC SYSTEM FUND
' ,iPPROPRIATIONI AND EXPENDITURES AND F.NCUMIRA?ICII
CITY OF DENION, 1EXAS
' Year Ended September 30, 1970 Fxpenditures and
Expenditures and Encumbrances
Acco..int Appropriations Encumbrances Prior Fiscal Year
ELECTRIC; PRODLCTION
Salaries and wages $ 299,069 $ 292,000 $ 267,191
Supplies 23,184 29,549 33,143
' Maintenance 28,666 41,130 32,396
Fuel for electricity production 836,958 887,357 744,560
Services 379620 34,286 3,697
Sundry - 319 -
Capital outlay 19,859 17,032 18,086
1,2450356 113010673 1,099,073
ELECTRIC DISTRIBUTION AND METERING
' Salaries and wages 313,707 306,226 250,346
Supplies 7,700 11,535 17,553
Maintenance 49,910 51,145 37,189
Services 38,089 38,431 38,781
Sundry 10000 11269 196
Capital outlay 213,993 354,873 290,883
6249399 7639479 634,948
PRO RATA SHARE OF UTILITY
AUNIINTSTRAI'ION EXPENSE
Salaties and wages 49,405 49,970 409534
' Supplies 20056 2,650 1,558
Maintunance 1,340 1,421 932
Service 199862 18,140 13,915
' Su kidry 16,993 17,796
Economic: & volopmeot 26,666 310802 22,003
Capitai outlay 800 820 2,703
117,122 122,599 81,645
NONDEPARTMENIAI, EXPENDITURES
Interest and redemption
' requirements 1,057,325 1,057,325 475,164
Transfer to General Fund -
Administrative Services 238,928 234,807 208,754
Return on net investment 629,373 629,373 545,254
ins;u,3nce 58,000 42,387 56,049
bond insirence expense 6,289
Equity in loss of working
Capital Fund - 108,133 389865
Provisloo for uncollectible
accountw - 26,577 13,428
' 1L983,626 21104,891 1,337,514
$3,970,503 $4,292,642 $3,153,180
r
-46.
SCHEDULE VII
I W:
' F:5't'1P1F~1 fl P,10 "IC'il~Al 1'i;Vl "JUl' .v ..l 11 '111!1 ,
' Year Ended September 30, 1970
Actual Over Revenue
Estimated Actual or (Under) Prior Fiscal
' Revenue Revenue Estimated Year
WATER FUND REV F.NI?E5
Customer sales - residential $ 539,000 $ 533,385 $ (5,615) (See Note
' Customer sales - commercial 406,000 350,815 (559185) de low)
Penalties 129000 18,298 69298
Intra-governmental 300653 36,884 6,231
Tapping fecs - water 199000 18,970 (30)
Reconnection fees 500 (500)
Sale of scrap material 159 159
Miscellaneous income 200 37 (163)
Interest income 5,000 22,680 17,680
10012,353 981,228 (31,125)
' SEWER FUND REVENUES
Customer sales - residential 1959656 192,623 (3,033)
Customer sale - commercial 127,144 121,649 (5,495)
' Tapping fees - sewer 61000 5,435 (565)
sewer exto:nsions 12500 1,365 135)
_ 3309300 3219072 (91228)
' $1,342,653 $1,3029300 $(40,353) $1,242,451
NOTE: Frtor year's detailed breakdown not available.
ti? II
' -47.
' WATER AND SEWER SYSTEM FUND SCHEDULE VIII
' APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
CITY OF DENTON, TEXAS
' Year Ended September 30, 1970 _ Expenditures and
Expenditures and Encumbrances
Account Appropriations Encumbrances Prior Fiscal Year
' WATER PRODUCTION
Salaries and wages $ 61,305 $ 61,152 $ 57,157
Supplies 31,287 489762 51,197
Maintenance 7,797 10022 4,381
' Production power 52,417 50,884 48,535
Services 26,572 25,879 5,053
Capital outlay 2,527 4,679 135
t 181,905 198,378 166,458
WATER DISTRIBUTION AND METERING
Salaries and wages 105,380 102,843 96,071
' Supplies 5,937 69288 5,591
Maintenance 28,906 230402 28,244
Services 21,566 190942 21,134
' Sundry 65 68 578
Capital outlay 179,519 284,871 147,812
3419373 4379414 2990430
' SEWAGE TREATMENT AND DISPOSAL
Salaries and wages 54,889 51,655 499422
Supplies 51917 41445 5,127
Maintenance 4,444 4,362 29550
Prodvction power 12,854 110262 10,558
Services 2,410 31529 1,254
Capital outlay 3,625 3,906 430
1 84,139 79,159 699341
SEWAGE COLLECTION
' Salaries and wages 103,368 105,065 799768
Supplies 79099 61822 6,326
Maintenance 20,967 14,185 10,173
Services 24,534 24,703 25,453
' Sundry 200 275 1,935
Capital outlay 52,920 71,605 18,661
209,088 2220656 142,316
1
-48.
' SCHEDULE VIII (Cont'd)
' WtTER AND SEWER SYSTEM FUND
' APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
CITY OF DENTON, TEXAS
' Year Ended September 30, 1970 Expenditures and
Expenditures and Encumbrances
' Account Appropriations Encumbrances Prior Fiscal Year
PRO RATA SNARE OF UTILITY
ADMINISTRATION EXPENDITURE
Salaries 24,702 24,981 20,267
' and wages
Supplies 1,028 11325 779
670 710 466
Maintenance 99930 90069 60958
' Services 8,497 8,897
Sundry 15,901 9,575
Economic development 13,3314
400 - 1,226
Capital outlay 58,561 60,883 39,271
NONDEPARTIaNTAL EXPENDITURES
' Transfer to General Fund - 79,643 78,269 699584
Administration 1,817
Interest expense 169,831
Ret,rn on net investment 1820427 182,427
t
Insurance 14,900 4,500 51953
Interest and redemption 151,959
requirements 354,662 354,662
Eq,iity in loss of Working - 20,799 36,510
Capital Fund 6,459
Bond insurance expense
' Provision for uncullectible - 7,480 7,151
accounts ;31,632 649,954 447,451
$195069698 $1,6480444 $1,164,273
1
' -49-
e i in
' SCHEDULE IX
' REVENUE BOND DEBT COVERAGE
CITY OF DENTON, TEXAS
September 30, 1970
' Electric Systcin Fund:
$4,591,880
Grose revenue
' Maintenance and operating expenses 2,102.430
(excluding bond interest and depreciation) NET REVENUE $2,489,450
$1,353,906
Largest annual debt requirement (1972) ==C=
1.84
%moomm
Debt coverage
' Water and Sewer System Fund:
$1,307,050
Gross revenue
Maintenance and operating expenses 624,482
(excluding bond interest and depreciation) NGT REVENUE $ 682,568
~a
$ 360,475
Largest annual debt requirement (1972) -
1.89
' Debt coverage
SCHEDULE X
INVESTMEN'1S - ALL FUNDS
CITY OF DENTON, TEXAS
September 30, 1970 Interest Maturity
Rate Date Amount
' GENERAL FUND
Operating Fund: $ 100000
' Time certificates of deposit: 5-114% Note 101.000
Denton Federal Savings and Loan Association 5-l/4% Note
North Texas 5aving, and loan Association $ 20,000
1 ELECTRIC SYSTEM FUND
' System Fumd: deposit: 6% Note $ 109000
Time certificates of Note 100000
Denton Federal Savings and Loan Association 6%
North Texas Savings and Loan Association 71 200 000
6,3'?, 9-30-
` Open time deposit - First State Sank of Denton 220,000
NM=
1 Revenue bond Debt Service:$ 100000
Time certificates of deposit: 5.114% Note 10,000
Denton Federal Savings and Loan Association 5-1/4% Note
' North tex:+s Savings and Loan Association $ 20,000
Revenue Bond Reserve: $ 100000
Time certificates of deposit: 6% Note 109000
Denton Federal Savings and Loan Association 6% Note
caving, and Loan Association 6,3'1, 12-31.70 917,000
1 NorLb Texas 5.30-71 17,55E
Open time depnelts - First State Bank of Denton 6.3% 13,39:1
Open time deposits - First State Bank of Denton 6.3% 7-31.71
iben time deposits - First State Bank of Denton 967,951
' U.S. Govercunent obligations: 8n9000
11-15-70
1:,,, 'lreas~ry \ Otis (market val+ie - 5%
1 $73,9.0) 44 B94
'Fseasury Bonds (market value - 4-1/8'h 11-15-73 124,894
$41,4'0 $19092,845
i 12-30.70 $ 175,000
t
Revenue bond Gonst ru : : 4`/,
Open time deposit - First State bank of Denton
1
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1
SCHEDULE X (Cont'd)
INVESTMENTS - ALL FUNDS
1 CITY OF DENION, IEXAS
1 September 30, 1970
Interest Maturity
Rate Date Amount
' WATER AND SEWER SYSTEM FUND
System Fund:
' Time certificates of deposit:
Dentin Federal Savings and Loan Association 5-1/4"1'. Note $ 10,000
North 'texas Savings and Loan Association 5-1/4% Note 10,000
$ 20,000
1 Revenue Road Debt Service:
Open time deposit - First State Bank of Denton 4% 11-30-70 $ 379000
' Revenue Bond Reserve:
Time certificates of deposit:
Denton Federal Savings and Loan Association 6% Note $ 100000
' Nortli Texas Savings and Loan Association 6% Note 101000
Open time deposit - First State Bank of Denton 6.3"d 12-31-70 330,000
Open time deposit - First State Bank of Denton 6.3% 5-30-71 5,294
1 Open time deposit - First State Bank of Denton 6.3% 7.30-71 4,911
$ 360,205
1 MO rOR POOL FUND
Operating Fund:
Time certificates of deposit:
Denton Federal Savings and Loan Association 6% Note $ 10,000
1 North Texas Savings and Loan Association 67. Note 10,000
Open time deposit - First State Bank of Denton 4°d 12-30-70 100,000
$ 120,000
1 SPECIAL REVENUE, TRUST, AND AGENCY FUNDS
1 Open time deposit - First State Bank of Denton 6.3% 7.1.5-71 $ S94
1 Note: Time certificates of deposits are automatically renewed for six-mouth periods
until cas;cellc:d.
1
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re J M.
' INSURANCE IN FORCE
' CITY OF DENTON, TEXAS
September 30, 1970
Policy Expiration
Insurance Company Number Date
The Home Indemnity Company NB-J1-3727 9-18-71
The Home Indemnity Company N-32-63-11 10- 1-72
' Gulf Tnsurance Company SCP5292715 12-18-72
' Continental Insurance Company IMH4-38414 9-20-71
Continental Insurance Company F6006359 10- 1-70
e The Fidelity & Casualty Co, of N. Y. PG2728466
2-24-71
' The F[delity & Casualty Co, of N. Y. IMH4-01466 11- 1.72
Commerclal Insurance Company 23F6006360
' 10- 1-70
Conunercir.i Insurance Ccnnpany 23F6531844 10- 1-70
' Gulf Insurance Company CH5413017
1- 1-71
' Twin City r1 re insurance Company 46PSBOO5395
10- [-71
Employers Casualty Company A-551513 1- 1-73
I
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TABLE I
' Coverage Amount or Limit
' Faithful performance bond - tax assessor $ 10,000
Faithful performance bond: City Manager 72,500
' Director of Finance 729500
Each employee 21500
Assistant city manager 72,500
' Robbery outside premises 1,665
Robbery inside premises 2,000
' Sound equipment at civic center 10,241
Fire and extended coverage on utility systems, 129400,000
' buildings and contents 90% coinsurance
Comprehensive glass policy - city hall Total loss
' Utility accounts receivable - destruction of records 660,000
Fire and extended coverage on buildings and contents 1,623,500
' not otherwise covered 907. coinsurance
Fire and extended coverage on library building, city 1,0431468
' hall and contents 80% coinsurance
Public liahility:
General:
' Bodily injury 100/300,000
Property damage 50,000
Automobile:
' Bodily injury 100/3009000
Property damage 509000
' Ceneral Boller and machinery 500009000
Workmen's compensation 20,000
1
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F'
TABLE 11
ASSESSED VALUATIONS AND TAX ASSESSED
CITY OF DENTON, TEXAS
Total
Year Ended Assessed Val,ations Total Tax Assessed
September 30 Rca~ 1 property personal Property
1961 $26,1939240 $ 609730065 $33,1669305 $ 497,494
'
1962 29,5369418 7,238,756 360775.174 551,628 1963 329167,438 599,203
7,779,232 39,946,870 650,044
11969645 36,105o470 71230j770 8,836,110 4348,,336549,,240 600 728,244
0
9,4941495 52,473,105 787879,,096
1966 42,978,610 110255 685 58,658,875
1 968 49,367,77 20 20 12,222, 093
' 1967 47,403, 6195899918 923,849 52,065,360 14,934,931 67,0009251 11,,005066,004
1969 15,6580946 719076,036
1970 55,417,090 ,141
'
TAX RA-_E5 tax rate limit, including debt service,
' The constitut
00 Of assesed valuat, City of ional and statutory
is $2.50 on each $10'of assessedsvaluationionTheTassessed valuation s isa40% of true
$1.50 on each $100-00
estimated value.
TAX D E DAIES AND HNALTIES I. Taxes Feb Taxes are due on October
, one-half by Decemberg3lntand therbalance before
may be hald in two installments,
Interest on delinquent addition to penaltMariesch, accrues
Hark~i 31. penalties
1 Apr it 61r, e at the rate of ' per month. No discount is allowed for early payment.
1
' -55-
Table 111
' TAX pjSESyr,;;vT AND CJLLECTIONS
CITY OF DEN'T0:3, TEXAS
Collection of percentage of Levy
'Put al Current Year's Ycar
' Year Ended Collected During
Astics;;mc-nt* Taxes During Year
September 70 96.297
$ 484,45D $462,634 91.30
1961 549,807 501,956 91.09
1962 598,710 545,358 93.88
1963 608,596 94.52
1964 722,283 6839137 93.25
1965 785,
78,3322 22 732,325 92.47
1966 877,537 811,554 94,49
1967 923,849 8730030 92.60
' 1968 1,005,004 930,679 94.10
1969 19057,259 994,426
L97U
1
1
1 *T,,tal tax levy figures are adjusted to include
debit and credit memos and the effects-
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1 ~K
TABLE IV
1
` MISCELLANEOUS STATISTICAL DATA
CITY OF DENTON, TEXAS
1 September 30, 197()
28.83 square m1866
September 26,
Council - Manager City paAretae o,Ef incorporation 503
Form of government
Total city employees
L t e m b e r 3 0
E n d e d S e 1969 1970
Y e a r 1968
1466 1967 39 99,865
,000 39,000
36,000 38,500 1.50
Estimated population 1.50 $
1 .50 $ 076 036 $ 76,946,640
Tax rate - p 1.50 $
per $100 $ 1.54 $ 7 , 000,291 $ 71,
valuation 58,658,875 $ 6105899938 $ 6 300,291,140
1 Assessed valuation $ °34,672,011 273,6219251 11,016
Electric production 148 217,275,500 10,950 110050
(>RJN) ,346,800 109586 10,750
20340 io,737
Electric customers 1,704,250 1,934'516 ,177
' Water production 1,507,456 1,7179276 4,950 10,050
(1,000 gallons) 4,750 2,655,172 $ 20875,470
9,602 10174,935 $
Water customers 1,504,474 $ 2,021,888 $
General Fund revenues $ 2,474,934 $ 3,024,464
General F>>nd 20054,713 $ 2,0349625 $
expenditAires and $ 1,664,849 $
1 Ejj.umlrances
1
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