HomeMy WebLinkAbout1970-71
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CitY Of Denton a municiim., Building, Aynlon,Texas 76201
December 23, 1971
' Mr, Jim White
City Manager
City of Denton
Denton, Texas
t Dear Mr. White:
' The annual Financial Report of tha City of Denton, Texas for the fiscal year ended
September 30, 1971 is submitted herewith.
' Accounting System and Reports
The city's accounting records for general governmental operations are maintained
' on a modified cash basis, with the 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 records for
the city's utilities and other enterprises 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. Pur-
chase orders which exceed allotment balances are not released until additional
appropriations are made available.
' 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 Governmental
Accounting, The 1970-71 Annual Financial Report submitted herewith continues to
meet these standards,
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General Governmental Fu.ictions
' Revenues for general governmental functions totaled $2,060,974 in 1970.71, an
increase of 17.7 percent over 1969-70. General property taxes produced 24.2
percent of general revenues compared to 27,8 percent last year. The amount of
' revenue from various sources and the increase over last year are shown in the
following tabulation:
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Mr. Jim White
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Increase
Amount Percent Over 1969-70
Revenue Source (Thousands) of Total (Thousands)
Property Taxes and Penalties $ 499 15.2 $ 13
Franchise and Other Taxes 726 22.1 91
Licenses and Permits 3.1 1.2 11
' Fines, Forfeits, and Penalties 182 5.5 24
Charges for Current Services 364 11.1 51
Utility Fund Contributions 862 26.2 50
' Other Revenues 616 18.7 172
$3,287 100.0 $412
Assessed Valuations of 77 million represented an increase of 8.5 percent over the
preceding year.
The ratio of total collections (current and delinquent) to the current tax levy
for 1970-71 was 99.42 percent.
The constitutional and statutory tax rate limit, including debt service, is $2.50
on each $100.00 of assessed valuation. The tax rate distribution for 1970-71 and
the preceding two fiscal years is as follows:
' eurnose 1970-71 1969-70 1968-69
General Fund .6333 .6501 .8145
' Interest and Redemption Fund .8667 .8499 .6855
Total Tax Rate 1.5000 1.5000 1.5000
Expenditures for general governmental purposes totali,d $3,383,632 an increase of
11.87 percent over 1969-70. Increases in levels of expenditures for mayor func-
tions of the city over the preceding year are shown in tha following tabulation:
' Increase
Amount Percent Over 1969-7C
' Function (Thousands) of Total AThousands)
General Government $ 195 5.8 $ 4
' Legal 96 2.8 10
Community Development 210 6.2 29
Civil Defense 24 .7 (1)
Right of Way 11 .3 0
Finance 345 10.2 37
Health 6 Sanitation 442 13.1 92
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Mr. Jim White
Increase
Amount Perctnt over 1969-70
Function - Cont'd SThousands) of Total (Thousands)
Police 652 19,3 102
Fire 458 13,5 51
Street Development 400 11,8 (22)
Parke & Recreation 257 7.6 (22)
Cemetary 24 '7 2
' Library 68 2.0 3
Airport 15 .4 (23)
City-County Health Unit 26 .8 0
' Non-Departmental 27 .8 (35)
Other 100 3.0 100
Traffic Control 33 1.0 33
$ 3,384 100,0 $ 360
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Debt Administration
1 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 manage-
ment, citizens, and investors. These data for the City of Denton at the end of
the 1970-71 fiscal year were as follows:
1970-71 Actual Valuation $192,3660600
1 1970-71 Assessed Valuation (40% of Actual) 760946,650
Total General Obligation Debt 6,:41,000
Leas: Amount Available In Debt Service. (3+) 399)
Net Debt $61'106,601
Ratio Net Debt to Assessed Valuation 8.72
1971 Estimated Population 39,500
Per Capita Assessed Valuation 519948
Per Capita Net Debt $170
During the past year $351,000 of tax bonds were retired.
Outstanding Electric Revenue Bonds at September 30, 1971 totaled $15,785,000.
During the past year $613,000 of Electric Revenue Bonds were retired.
Outstanding Water & Sewer Revenue Bonds at September 3U, 1971 totaled $4,080,000.
Dur'ag the past year $185,000 of Water and Sewer Revenue bonds were retired.
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Mr. Jim White
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r The city's bonds are rated as follows;
Moody's Standard & Poor's
' General Obligation Bonds A-1
Electric Revenue Bonds AA
Water 6 Sewer Revenue Bonds A AA
' A A
As of September 30, 19710 $13171,704 was on hard in the electric reserve fund and
the sum of $3709586 was on hand in 0e water and sewer reserve fund. These nnounts
' are adequate to meet the requirements as specifie.; in the bond ordinanaces.
Cash temporarily Idle during the year was invested in time deposits, savings
accounts, U. S. Treasury Notes and Bonds.
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Capital Pro ecta Funds
' During the fiscal year ending September 30, 1971, thu proceeds from general obli-
gation bond issues accounted for expenditures of $1,444,243 in street capital
' projects. Water and sewer revenue bond issues accounted for expenditures of $24,724
in water 6 sewer capital projects and electrical revenue bond issues accounted for
expenditures of $1,204,451 in electrical capital projects. Extension And Improve-
ment funds in the amount of $738,878 were expended for electrical capital projects.
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Authorised but unissued bonds at September 30, 1971 totaled $10,500000 as follows:
Revenue (electric) $10,500,000.
r Capital project fund balances on hand at September 30, 1971 consisted of $2,886,124
in cash.
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General Fixed Assets
r The general fixed assets are those fixed assets used in the performance of general
governmental functions and exclude the fixed assets of utility and other enterprise
funds. As of September 30, 1971, the 3eneral fixed assets of the city amounted to
r $11,324,680. This amount represents the original cost of the issets and is con-
siderably less than taeir present value. Depreciation of general fired assets is
not recognized in the city's accounting system.
' Utilities System
r 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 net income. CL.Dearative
data for the past two fiscal years are presented in the following tabulation:
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Mr. Jim White
' Electric System
1971 1970
' Cross Income 95,0349960 $4,5919880
Net Income 103820011 11304,057
income Available for Debt Service 2,7820477 20489,450
' Largest Annual Debt Service Requirements 1,305,772 1,353,906
Debt Service Coverage 2,13 1.84
Water & Sewer System
' 1971 1910
Cross Income 1,346,437 $1,307,051
Net Income 128,437 1840112
' Income Available for Debt Service 618,094 682,568
Largest Annual Debt Service Requirements 3600475 360,475
Debt Service Coverage 1,72 1,89
' The City Charter requires an annual, audit to be made of the books of account,
financial records, and transactions of all administrative departments of the city
' by a Certified Public Accountant selected by the City Council, This requirement
has bRen complied with and the auditor's opinion has been included in this report,
The preparation of this report on a timely beets could not be accomplished without
the efficient and dedicated services of the entire staff of the Finance Department,
I should like to express my appreciation to all members of the department who
assisted and contributed to its preparation. I should also like to thank your
Office and the members of the City Council for their interest and support in plan-
ing and conducting the financial operations of the city in a responsible and
progressive manner.
' Respectfully submitted,
W. H. BRUNT
Director of Finance
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' AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
CITY OF DENTON, TEXAS
September 90, 1971
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' CONTENTS
EXHIBIT AUDITED FINANCIAL. STATEMENTS
Accountants' Report • Page 4
A Condensed Balance Sheets - All Funds 6
General Fund:
' B Balance Sheet ..•.•r.••.......r•,B
B-1 Analysts of Changes in Fund Balance 9
B-2 Summary of Revenues and Expenditures and
Encumbrances 10
Electric System Fund:
C Balance Sheet .....•.,...•........•r..rrr...•.r..•.,. 11
C-1 Analysis of Changes in Reserves, Unrealized
Increment, Contributions and Retained-Earnings
Balances ••.•.••....r..•.•.••.. 13
C- Statement of operations 15
Water and Sewer System Fund.,
D Balance Sheet 16
' D-1 Analysis of Changes in Contributions and
Retained-Earnings Balances 18
D-2 Statement of Operations 19
1 General Debt Service Fund:
E Balance Sheet •...•.,•,,,,,,,,,,,,,,,,,,,r..a..•...r. 20
E-1 Statement of Revenue, Expenditures and
' Fund Balance .r•.••r•..•.•.......r•.....•r.•....... ~1
Intragovernmental Service Funds:
' F Balance Sheet •.,,.••,,,,,,,,,,,,,,,,,,,,,,r.r••r.r.. 22
F-1 Analysis of Changes in Fund Balances ,,,,23
F-2 Statement of Operations 24
Capital Projects:
G Balance Sheet • . . • • . . . . r . . . . . . . 25
G-1 Analysis of Changes in Reserves for Expenditures 26 Nooo Special Revenue, Trust and Agency Funds:
H Ba 1 an c e She e t • . • • • • • . • • • • . • . • . . r • . 2 1
' I Statement of General Fixed Assets 28
J Statement of General Debt 29
X Notes to Financial Statements 30
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CONTENTS - CONT'D
' SC1S£DUI,E OTHER FINANCIAL INFORMATION
r Accountants' Report on Other Financial Information Page 32
33
I Bonds Payable - Ail Funds
' future Debt Requirements • All Funds 35
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' General Fund: 37
IIi Estimated and Actual Revenue " 34
IV Appropriations and Expenditures and Encumbrances
r Electric System Fund: 44
V Estimated and Actual Revenue 45
VI Appropriations and Expenditures and Encumbrances
' Water and sewer system Fund: 46
VII Estimated and Actual Revenue 47
r VIII Appropriations and Expenditures and Encumbrances
IX Revenue Bond Debt Coverage 44
r X Investments - All Funds ...r..........••........••....• 50
TABLE STATISTICAL TABLES
' I Insurance In Force ♦•..•r..•••••••.rr.........•••••••'• 52
r 11 Assessed Valuations and Tax Assessed
Ten Years Ended September 30, 1971 54
III Tax Assessment and Collections 35
' IV Miscellaneous Statistical Data .r.....•r.•.r..r.....r.. 56
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ERNST & ERNST
600 fOAT WORTH NATIONAL BANA BLDG
FORT WORTH, TEXAS 76102
' December 23, 1971
' Honorable Mayor, City Council
and City Manager
City 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 31, for the year ended
September 30, 1971. Our examination was made in accordance with generally
accepted auditing standards acd accordingly included such tests of the
accounting records and such other auditing procedures as we considered
necessary in the circumstances.
During 19670 the carrying value of the utility plant of the Electric System
Fund was increased by $4,851,498 to reflect the then current replacement
' va2ae, based on an appraisal, of the plant. Such increase is being amor-
tized by direct charges to the Unrealized Increment in Valuation of Utility
Plant in Service account, and, at September 30, 1971, $30718,863 of the
unrealized increment remains to be amortized over future years. The
recording of appraisal values in excees of cost is not in conformity with
generally accepted accounting principles.
Prior to October 1970, the City had never recorded water and sewer systems
contributed to it by developers; houever, generally accepted accounting
principles require such contributed assets to be recorded at market value
at date of contribution. Assets contributed subsequent to September 1970,
have been recorded and are being depreciated. The amount of such contri-
buted but unrecorded assets at September 30, 1971, and the effect of the
related unrecorded depreciation on the Statement of Operations of the
' Water and Sewer System Fund for the year then ended is not readily deter-
minable.
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' In our opinion, except for the matters described in the second and third
paragraphs above, the financial statements appearing on pages 6 through
31 present fairly the financial positions, revenues and expenditures, and
changes in fund balances of the respective funds of the City of Denton,
Texas, for the year ended September 30, 1911, in conformity with generally
accepted accounting principles applied on a basis consistent with that of
the preceding year except for the change, which we approve, in the method
of accounting for developers' contributions, as described in the preceding
paragraph.
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CONDENSED BALANCE SHEETS - ALL FUNDS
CITY OF DENTON, TEXAS '
September 30, 1971
Water
General Electric and Sewer
ASSETS Fund System Fund System Fund '
Cash $ 26,434
Investments - at coat plus accrued interest $ 223'940 $
Receivables less allowances of $245,710 . 20,000 21,748 21,085 I
Note B 83,672 1,0652986 11;628
Due from other funds 116,738 113,259 22,608
Prepaid insurance 15,611 35,363
Inventories - at lower of cost or market 50201
Invnstment in right to pl--chase tax warrants -
Note A
Restricted assets:
Cash
Investments - at coat plus accrued interest 4,870,41? 722,229
oue from other funds A4►894 20,000 '
Due from sale of bonds 2b,G86 B,t43
Other
Property, plant, and equipLent - net - 1,000 40,700
Note ,C 210186,641 7,2951178
Investment in Intragovernmental Service Funds -
Note G 276,934 2?90755
Amount to be provided for retirement of general
bonds
Amount available for debt service
$2620455 $27 g8 $8p376,527
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LIABILITIES, CONTRIBUTIONS, RESERVES, AND FUND BALANCES
Cash deficit $ $
Accounts payable 12 337 $ 289,362
Accrued payroll and payroll taxes , 217,742 7,913
Accrued interest on revenue bonds 112,629 44,430 20,623
Construction contracts and retained 264,527 74,474
percentage payable 66 538
Deposits payable 117,648 449696
Banded debt and other long-term liabilities
Me &o other funds 1:17851000 490809000
Reserves - Note G 135,279 78,008 129 129,OZ)
Unrealised increment in valuation of utility 10,919 1,171,704 3102586
plant in service - Note C 1
Investment by General and other funds 3,118,8b3
Investment in general fixed assets 1
Contributions:
By municipality and governmental agencies
In aid of construction 29464,212
Retained-earnings 12.988 400,614
Fund balances 6,436,240 535,015
Commitments and contingencies - Note F (89769)
$262,455 $27,913,688 $8,376,527
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(From (Frro..r. (Frog..
See notes to financial statements, EXHIBIT B) EXHIBIT C) EXHIBIT D)
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EXHIBIT A
Intra- Special Revenue
General Debt governmental Capital Trust and Ceneral General
' Service Fund Service Funds Projects Agency Funds Fixed Assets Debt
$339883 $ 286,288 $ 19,007 $ 120841 $ $
' 219085 2,538
290312 174,706
' 11,820 9,853 1290281
1,525
356,077
' 155,000
303,987
' 72;0395 11,324,680
' 1,120
6,70b,601
34,392
$45,703 $1,556,333 $352,306 $319,366 $119324,680 $69741,000
$ $ 269524 $ 51850 $ 501
' 5,626
5,000
9,124
2599984 6,741,000
11,304 8,734 76,082 3099741
' 4,315 5.390
701,204
' 11,324,680
221,911
' 568,019
34,399
x459703 $1$56,333 $352,306 $319,366 $110324,580 $6,741,000
(From (Fr (From From (Fr (From
' EXHIBIT E) EXHIBIT F) EXHIBIT G) EXHIBIT H) EXHIBIT I) EXHIBIT J)
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EXHIBIT B
GENERAL FUND
BALANCE SHEET
' CITY OF DENTON, TEXAS
September 30 September 30
1971 1970
ASSETS
Cash $ 26,434 $144,972
Time certificates of deposit 200000 200000
' Accounts receivable (less allowance 3,726 9,443
of $1,663 - 1971; $17,000 - 1970)
Taxes receivable - delinquent (less 79,946 77,820
allowance of $110,261 - 1971; $103,064 - 1970) 116,738 8,072
Due from other foods 15,611 9,891
Prepaid insurance
$2629455 $270,198
LIABILITIES, RESERVES, AND FUND BALANCE
Accounts payable $ 12,337 $ 21,202
Accrued payroll and payroll taxes 1129629 1090244
Due to other funds 135,279 339714
TOTAL LIABILITIES 2600245 164,160
Reserve for encumbrances 10,979 18,331
Fund balance (deficit) EXHIBIT B-1 (8,769) 87,707
CONTINGENCIES - Note F
$262,455 $270,198
Fo EXHIBIT A
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See notes to financial statements.
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t EXHIBIT B-1
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GENERAL FUND
r ANALYSIS OF CHANGES 118 FUND BALANCE
CITY OF DENTON, TEXAS
For Year ended Sept:eraber 30, 1971
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r Balance at October 1, 1970 $ 870707
Add revenues - EXHIBIT B-2 3,2879156
r 3,374,863
Deduct expenditures and encumbrances -
EXHIBIT B-2 3,383,632
BALANCE AT SEPTEMBER 300 1971 $ (8,769)
' 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 EXPENDITURES AND ENCUMBRANCES
CITY OF DENTON, TEXAS
' Budget Year Ended September 30
(revised) 1971 1970
t REVENUES
General property taxes:
Current taxes $ 438,000 $ 465,006 $ 4530179
1 Delinquent taxes 17,000 20,299 192388
Penalties and interest 13,000 13,300 130595
468,000 4980605 4860162
Other revenues:
' Other taxes 6809726 725,946 635,155
Fees from revenue - producing
facilities 332,700 3419794 320,145
Fines and fees 159,650 1819856 158,309
Licenses and permits 34,070 38,326 279162
Miscellaneous revenues - Note A 270,200 274,447 123,661
' Transfers from other funds 1,233,195 1,226,182 1y124,876
2,7101541 2,7880551 2,389,308
3,178,541 312879156 208750470
EXPENDITURES AND ENCUMBRANCES
Salaries and wages 212469629 29240,085 1,973,011
Supplies 1519662 1480716 130,586
' Maintenance 249,882 260,426 2670207
Services 4349966 438,816 431,629
Sundry 5,765 71781 139891
Capital outlay 1369394 1489261 1469584
Nondepartmental expenditures 969271 261779 61,557
Transfer to another fund for
special project 94,000 93,731
' Insurance 15,343 19,037 -
30430,912 3,383,632 300240465
REVENUES OVER (UNDER)
EXPENDITURES AND ENCUMBRANCES $ (252,371) $ (960476) $ (146,995)
To EXHIBIT B-1
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See notes to financial statements.
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Fi,ECTX"C SYSTEM FUND
BALANCE SHEET
CITY OF DENTON, TEXAS '
September 30 September 30 '
1971 1970
ASSETS
CURRENT ASSETS '
$ 227,940 $ 21,617
Cash
Time certificates of deposit 200000 2202000
Accounts receivable (leas allowance of '
$33,786 - 1971; $369434 - 1970) - Note B 1,0669986 1,162,826
Interest receivable on investments 19748 35
Prepaid insurance 35,383 28,373 '
Ule from other funds and restricted asset 1192254 679439
accounts
TOTAL CURRENT ASSETS !,4670316 10500,290 ,
RESTRICTED ASSETS
Revenue bond debt service:
Cash 941$42 725,853
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Certificates and time deposits 25,000 200000
Miscellaneous receivable 19000 1,000
Due from Electric System Fund 13,352 392
Revenue bond reserve: '
Cash 1,0930676 151010
Certificates and time deposits 200000 967,951
Investments in U. S. Government obligations 44,894 124,894 '
(quoted market, $43,740)
Interest receivable on investments - 2,640
Due from Electric System Fund 13,134 15,609
Revenue bond construction;
Cash 2,8350399 166,305
Open time deposit 175,000
Due from sale of bonds 3,5180092
System extension and improvement - Cash - 142,916
TOTAL RESTRICTED ASSETS 4,982,791 51875,662
UTILI'T'Y PLANT - Note G 1
Land and land rights 247,653 2470653
Electric plant production and distribution '
facilities (less accumulated depreciation
of $10,258,688 - 1971; $9,1980401 - 1970) 19,9940209 20,005,726
Construction in process 9440 779 97,090
21,1860641 20,3500469 t
INVESTMENT IN INTRAGOVERNMENTAL SERVICE FUND 276,934 216,934
EXHIBIT F
$27,917,688 $28,003,355
To EXHIBIT A
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1 EXHIBIT C
September 30 September 30
LIABILITIES, RESERVES, AND RETAINED EARNINGS 1971 1970
CURRENT LIABILITIES
Payable from current assets:
Vouchers payable $ 2170742 $ 176,634
' Accrued payroll and payroll taxes 44,430 36,683
Due to other funds and restricted asset
accounts 60,380 35,933
' Cv-~omers' deposit 117,648 227,651
Revenue bonds payable due within one year 259503 51,083
Revenue bond interest payable - 17,628
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Payable from restricted assets: 465,703 545,612
Contracts payable 66,538
Revenue bonds payable due within one year 709,497 561-917
Revenue bond interest payable 2649527 185,329
Due to other funds 19670
Due to Electric System Fund and other
' restricted asset accounts 15,958 40,033
1,0581190 787,279
OTHER LIABILITIES TOTAL CURRENT LIABILITIES 1,523,893 19332,891
Revenue bonds payable - exclusive of
' maturities due within one ycjr 15,0500000 15,7859000
RESERVES - EXHIBIT C-1
Reserve for revenue bond retirement - Note G 1,171,704 1,1260104
' Reserve for system extension and improvement - 142,916
1,171,704 102690020
' UNREALIZED INCREMENT IN VALUATION OF
UTILITY PLANT IN SERVICE - EXHIBIT C-1 3,718,863 40002,022
CONTRIBUTIONS AND RETAINED EARNINGS - EXHIBIT C-1
Contribution in aid of construction 12,988 4,381
Retained-earnings 6,4369240 50610,041
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COMMITMENTS AND CONTINGENCIES Note F 6,449,228 5,614,422
$27,913,688 $289003,355
' To EXHIBIT A
See notes to financial statements,
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ELECTRIC SYSTEM FUND '
ANALYSIS OF CHANGES IN RESERVES, UNREALIZED INCREMENT,
CONTRIBUTIONS AND RETAINED-EARNINGS BAIANC£S t
CITY OF DENTON, TEXAS
Year ended September 30, 1971 t
Reserves '
Revenue Extension
Bond and '
Retirement Improvement
Balance at beginning of year $ 101260104 $ 1420916 ,
Add:
Transfer from operating fund - Note G 450600 595,961 '
Contribution by developers
Net income - EXHIBIT C-2
Decrease in reserve for extension and
improvement '
459600 5959961
1,171,704 738,877
Deduct: i
Reduction in reserve for extension and
improvement 738,877
Amortization of unrealized increment
Transfer to general fund
Transfer to reserve for extension and '
improvement
Transfer to revenue bond retirement - Note G
738,877 '
EALANCE AT END OF YEAR $ 1,171,704 $ -
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' EXHIBIT C-1
Unrealized Contribution
' Increment in in Aid of Retained
Valuation Construction Earnings
' $ 41002,022 $ 49381 $5,610,041
8,607
1,382,011
' 738,877
89607 291209888
' 4,002,022 12,988 79730,929
283,159
653,128
' 595,961
45,600
' 283,159 1,294,689
$ 327180863 $ 12,988 $6,436,2bO
1 EXHIBIT C
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See notes to financial statements.
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EXHIBIT C-2
e ELECTRIC SYSTEM FUND
' STATEMENT OF OPERATIONS
cm OF DENTON, TEXAS
Year Ended September 30
1971 1970
' INCOME
Electricity sales:
Customers $405523384 $402940387
' Intergovernmental 2139729 1989844
Other 27,717 17,052
4,793,830 41510,283
EXPENSES
t Salaries and wages 6759616 549,065
Fuel for electricity production 9500793 887,318
Supplies 46,775 38,324
' Maintenance 1210686 82,122
Insurance 499825 42,387
Administrative services 268,869 2349807
Provision for un.ollectible accounts = 26,578
Services 101,735 76,221
Economic development 319802
Bond issuance expense 19,226 6,289
' Sundry 17,958 19,384
Equity in loss of Working Capital Fund 108,133
2,252,483 21102,430
' OPERATING INCOME
BEFORE DEPRECIATION 2,541,347 20407,853
Provision for depreciation 777 128 739,041
e OPERATING INCOME 117640219 196683812
Other income - interest 241,130 81,597
2,0050349 197500409
Bond interest and fees 623,338 4469352
' NET INCOME. $1,3829011 $1,304,057
To EXHIBIT C-1
See notes to financial statements.
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WATER AND SEWER SYSTF24 FUND '
BALANCE SHEET
CITY OF DENTON, TEXAS '
September 30 September 30 '
1971 1970
ASSETS
CURRENT ASSETS
Time certificates of deposit $ 20,000 $ 20,000
Interest receivable on investments 10085 - 1
Accounts receivable 110628 -
Due from other funds 220608 -
Prepaid insurance 50201 - ,
TOTAL CURRENT ASSETS 600522 20,000
RESTRICTED ASSETS
Revenue bond debt service:
Cash 97,012 529789
Open time deposits - 37,000
Interest receivable on investments - 123 1
Due from operating fund 19137 -
Revenue bond reserve:
Cash 346,519 5,431
Certificates and time deposits 200000 3609205
Interest receivable - 444
Due from other funds 40068 41507
Revenue bond construction: '
Cash 278,698 1920005
Grant receivable from Federal Government 40,700 261,100
Due from other funds 2,338 - '
TOTAL RESTRICTED ASSETS 791,072 913,604
UTILITY PLANT - Note C
Land and land rights 100,800 1009800
Water utility plant (less accumulated de-
preciation of $2,951,013 - 1971;
$2,766,159 - 1970) 4,6021965 4,3179493
Sewer utility plant (less accumulated de-
preciation of $2,537,402 - 1971;
$2,4110291 - 1970) 2,431,472 10029,075 '
Water rights (lass accumulated depreciation
of $90,023 - 1971; $85,022 - 1970) 160,041 1650042
Construction in process - 103550618 '
7,295,178 6,9680028
INVESTMENT IN INTRAGOVERNMENTAL SERVICE ,
FUNDS - EXHIBIT 1 229,755 147,858
$8,3760527 $8,049,490
To EXHIBIT A
-16-
EXHIBIT D
September 30 September 30
1971 1970
' LIABILITIES, RESERVES, CONTRIBUTIONS AND RETAINED-EARNINGS
CURKENT LIABILITIES
' Payable from current assets:
Cash deficit $ 289,362 $ 429453
Vouchers payable 7,918 10,418
Accrued payroll and payroll taxes 20 623
Due to other funds , 17,172
Due to revenue bond reserve 106,419 30,876
Revenue bonds payable due within one year 130 725 4,507
' , 138,750
Payable from restricted assets: 555,047 244,766
Vouchers payable
' Construction contracts and retained - 7,038
percentage payable 109,068
Revenue bonds payable due within one year 64,275 46,250
t Accrued interest on revenue bonds 349474 36j302
Due to operating fund ,302
22,608
121,357 198,658
TOTAL CURRENT LIABILITIES 676,404 _ 443,424
OTHER LIABILITIES Revenue bonds payable - exclusive of
maturities due within one year 398650000 40080,000
Contract payable 44,696 58,874
3,929,796 4,138,874
RESERVE FOR REVENUE BOND RETIREMENT -
EXHIBIT D-I 37U 586
370,586
' CONTRIBUTIONS AND RETAINED-EARNINGS - EXHIBIT D-I
Contributions from municipal or other
governmental units 214640212 20464,212
' Coc,.ributions in aid of construction 400 614
Retained-earnings 17,858
5359015 714,536
' 303990841 3,0969606
CONTINGENCIES - Note F
' $8,376,527 $8,049,490
See notes to financial statements, To EXHIBIT A
' -17-
'
WATER AND SEWER SYSTEM FUND EXHIBIT D-1
ANALYSIS OF CHANGES IN CONTRIBUTIONS AND
RETAINED-EARNINGS BALANCES
' CITY OF DENTON, TEXAS
Year ended September 30, 1971
' Contributions
in Aid of Retained-
Construction Earntngs
' Balance at beginning of year $ 170858
$6140536
Add:
Contributions of water taps by customers 57,098
Contributions from developers 3162873
Sewer extensions 8,785
' Net income - EXHIBIT D-2
_12$.510
3b2,756 1289510
' 40n,614 743,046
Deduct transfer to General Fund
208,031
BALANCE AT END OF YEAR $400,614 $5352015
' To EXHIBIT D
1
1
See notes to financial statements,
1
18-
EXHIBIT D-2
WATER AND SEWER SYSTEM FUND
STATEMENT OF OPERATIONS
CITY OF DENTON, TEXAS
' Year Endcd September 30
INCOME 1971 1970
' Water sales:
Customers $ 950,858 $ 9029498
' Intergovernmental 25,820 36,884
Sewer service charges 3280642 3159638
Tapping fees - 24,405
Other 6,941 196
1,3129261 11279,621
EXPENSES
Salaries and wages 329,025 266,393
Supplies 74,101 62,875
Maintenance 47,676 30,785
' Production power 80,527 62,146
Administrative services 89,623 789269
Services 87,100 66,094
Provision for uncollected accounts, 7,479
' Insurance 5,814 4,500
Economic development - 15,901
Sundry 14,477 9241
' Equity in loss of Working - '
Capital Fund 209799
_ 7280343 624,482
' OPERATING INCOME
BEFORE DEPRECIATION 5639918 655,139
Provision for depreciation 315,966 _ 317,125
OPERATING INCOME 267,952 33$,014
Other income -interest 34.176 27,430
Bond interest and fees 3029128 365,444
1733618 181,L
NEI INCOME $ 128,510 $ 184,112
' To EXHIBIT D-1
' See notes to financial statements.
' -19-
EXHIBIT E
GENERAL DZ BT SERVICE FUND
' BALANCE SHEET
CITY OF DENTON, TEXAS
September 30 September 30
t 1971 1970
ASSETS
Cash $ 339883 $ 13,915
' Due from other funds 11,820 11,471
$ 45,703 $ 259386
LIABILITIES AND FUND BALANCE
' Due to other funds $ 11,304 $ -
Fund Balance - EXHIBIT E-1 34,399 259386
$ 45,103 $ 25,385
' To EXHIBIT A
1
See notes to financial statements.
t -20-
EXHIBIT E-1
GENERAL DEBT SERVICE FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
CITY OF DENTON, TEX1+S
Year Ended September 30
1971 1970
REVENUE
t Budgeted portion of taxes collected $644,140 $588,840
Interest earned on investments 5,598 2,526
6490738 5919366
EXPENDITURES 351,000 346,000
Bonds retired
t interest on bonds 289,685 85 2459132
379
Paying agent fees 40 640,725 591,511
REVENUE OVER (UNDER) EXPENDITURES 91013 (145)
Fund balance at beginning of year 25,386 25,531
FUND BALANCE AT END OF YEAR $ 34,399 $ 25,386
To EXHIBIT E
1
1
' See notes to financial statements.
.21-
INTRACOVERNMENTAL SERVICE FUNDS EXHIBIT F
' BALANCE SHEET
CITY OF DENTON, TEXAS
' Working Motor
ASSETS Total Capital Pool
Cash $ 286,288
' Investments - at cost $ I4r641 $ 271,b47
Interest receivable 20,000 20,000
Inventories - at lower of coat or market 1,085 - 1,085
Other assets 356,077 356,577 -
' 1
Due from other funds ,525 1,525 -
Investment in right to purchase tax 9,853 3,855 5,998
warrants - Note A 1550000
1 Fixed assets at cost: 155,000
Equipment.
Accumulated depreciation 1,396,115 8,344 1,387,771
670,730 i 11231 b69,499
t Investment in Motor Pool Fund - at coat 725,385 7,113 7180272
1,[20 1,120
t $11556,333 $384,331 $19172,002
LIABILITIES, RESERVES AND FUND BALANCES
t Vouchers payable
Accrued payroll and payroll taxes $ 26'524 $ 17,276 $ 99248
Due to other funds 5,626 5,626
8,734 4,879 3,855
' TOTAL LIABILITIES 40,884 27,781 13,103
Reserve for maintenance of service tienter 40315
4$15
' Fund balances:
Investment by General Fund 193,395 379381 156,014
Investment by Electric System Fund 276,934 188,112
Investment by Water and Sewer System Fund 229,755 118,649 88,822
Investment by Working Capital Fund 1110106
Contributed assets 1,120 - 1,120
Retained earnings 221,911 - 221,911
' 5881019 _ 81093 519,926
1,511,134 `3520235 1,1589899
$11556,333 $3840331 $1,172,002
To EXHIBIT A
' See notes to financial statements.
' -22-
EXHIBIT F-1
' 1N'rRAGOVERNMENTAL SERVICE FUNDS
ANALYSIS OF CNANGES IN FUND BALANCES
t CITY OF DENTON, TEXAS
1 Year ended September 30, 1971
' Working Motor
Total Capital Pool
Investment by General Fund: $ $ 37,381 $ 115,161
' Balance - September 30, 1970 16230,,242 242 - 30,853
Assets transferred during the year
BALANCE - SEPTEMBER 30, 1971 1939395 37,381 156,014
1 Investment by Electric System Fund: 276 934 188,112 88,822
Balance - September 30, 1970 and 1971
' Investment by Water and Sewer System Fund: 147,858 68,649 79,209
Balance - September 30, 1970 41,857 50,000 31,897
' Assets transferred during the year -
BALANCE - SEPTEMBER 30, 1971 229,755 1180649 1110106
' Investment by Working Capital Fund: 1 120 - 1,124
Balance - September 30, 1970 and 1971
Contributed assets: 221 911 - 221,911
Balance - September 30, 1970 and 1971
Retained earnings: 522,256 - 522,256
' Balance - September 30, 1970 659763 89093 570670
Net income
BALANCE - SEPTEMBER 300 1971 588,019 _ 89093 579,926
' FUND BALANCES - SEPTEMBER 30, 1971 $1,511,134 $3520235 $1,1581899
(To EXHIBIT F)
1
' See notes to financial statements.
-23-
e INTRAGOVERNMENTAL SERVICE FUNDS EXHIBIT F-2
' STATEMENT OF OPERATIONS
CITY OF DENTON, TEXAS
e Year ended September 30, 1971
' Working Motor
Total Capital Pool
e Charges to other funds $919,682 $755,552
$224,130
Less cost of materials;
' Beginning inventory 288,725 288,725
Purchases 675,118 6759118
Less ending inventory 963,843 963,843
' 356,011 .356,077
6079766 607s766 -
371,916 147,786 224,130
Operating expenses;
Salaries and wages 122,463 122,463
Supplies 1,521 1,521
Maintenance 3,146 3,146
Equipment rental 39144 3,144
Miscellaneous 89758 8,758
Depreciation (straight-line) 135,247 661 184,586
324,279 1390693 184,586
' NET OPERATING INCOME 47,637 89093 399544
Other income;
t Gain on sale or trade of equipment ll 596 11,596
Interest earned 6,530 6,530
' 180126 - 18,126
NET INCOME $ 659763 $ 8,093 $ 57,670
' To EXHIBIT F-I
See notes to financial statements.
t -24-
EXHIBIT C
CAPITAL PROJECTS
BALANCE SHEET
CITY OF DENTON, TEXAS
t September 30, 1971
' Street
Improvement
ASSETS
$ 19,007
Cash 29,312
Accounts and notes receivable 303,987
t Due from other funds
$352,306
' LIABILITIES AND RESERVES
$ 5,850
' Vouchers payable 259,984
Note payable to bank - Note F
Construction contract retained 50000
' percentage payable 76,082
Due to other funds
TCTAL LIABILITIES 346,916
Reserves: 240737
Encumbrances (199347)
' Authorized expenditures (de:icit)
$352,306
t To EXHIBIT A
1
' See notes to financial statements.
-25-
EXHIBIT C-1
CAPITAL PROJECTS
ANALYSIS OF CHANGES IN RESERVES FOR EXPENDITURES
r CITY OF DENTON, TEXAS
Year ended September 30, 1971
Street Fire
Total Improvement Station
BALANCE (DEFICIT) Octobcr 1, 1970 $ (408,190) $ (316,613) $ (91,577)
' Additions:
Proceeds from sale of 150,674 1509674
fixed assets 8,550 8,550
Interest income 234,536 234,536
Assessment revenue
Rent and other miscellaneous 119444 11,444
' revenue 93,731 930731
Transfer from the General Fund
498,435 4050204 93,731
' 90,745 889591 20154
Deductions: 1,444,243 19341,243 1039000
Capital expenditures
Increase (decrease) in reserve rances (19334,151) (19233,305) (100,846)
for encumb
' 110,092 1071438 21154
BALANCE (DEFICIT) September 30, 1971 $ (19,347) $ (199347) $
r To EXHIBIT G
r
r
r
See notes to financial statemcuts.
1
' -26-
o~rn~f+
EXHIBIT H
' SPECIAL REVENUE, TRUST AND AGENCY FIENDS
BALANCE SHEET
CITY OF DENTON, TEXAS
September 30, 1971
Street
' Total Assessments Miscellaneous
ASSETS
' Cash $ 12,841 $ - $ 129841
Certificates,time deposits and 2,538 2,538
accrued interest
' Street assessments receivable less
allowance for uncollectibles of
$ 174,706 174,706
100,000 - Note E _
Due from other funds 129,281 1291281
$319,366 $3039987 $ 13,319
' LIABILITIES
Vouchers payable $ 501 $ - $ 501
Due to other funds 309,741 3039987 5,754
Escrow deposits 9,124 90124
$319,366 $303,987 $ 159379
To EXHIBIT A
DETAIL OF ESCROW DEPOSITS
' McKenna Park $ 29053
Emily Fowler Library Fund 30516
Hi-Noon Lions Club 2,414
Hickory Creek Park 783
' Criminal Justice Grant _ 358
$ 9,124
See notes to financial statements.
1
-27.
EXHIBIT I
STATEMENT OF GENERAL FIXED ASSETS
CITY OF DENTON, TEXAS
GENERAL FIXED ASSETS
' Balance Balance
Oct.l, 1970 Additions Retirements Sept.30, 1971
' Land $ 745,641 $ - $ - $ 745,641
t Buildings 19674,571 122,054 18,347 107789278
Streets 41952,188 31120,657 89072,845
' Equipment and other _ 638 727,916
improvements ,071 89,845
t Construction in process 1,620,818 1,620,818 -
$9,631,289 $3,332,556 $19639,165 $110324,680
' INVESTMENT IN GENERAL FIXED ASSETS
From General Obligation Bonds $8,4590677 $1,026,928 $ - $ 99486,605
' From operations 8769878 117,407 189347 975,938
From contributions 2940734 5679403 _ - 862,137
' $9,6319289 $1,711,738 $ 18,347 $11,324,_6_ 80
To EXHIBIT A
' See note: to financial statements.
NOTE: Investment in vehicles is recorded in the accounts of the Motor Pool Fund.
O
1 -28-
1
'
STATEMENT OF GENERAL DEBT EXHIBIT J
CITY OF DENTON, TEXAS
' September 30 September 30
1971 1970
Amounts required for retirement of
general obligation bonds:
Available in General Debt Service - EXHIBIT E $ 349399 $ 25,386
Additional future requirc,tents 6,706,601 6,911,614
' $6,741,000 $69937,000
Commitment to issue General Obligation
Warrants - Note A $ 155,030 $ _
General obligation bonds payable 6,586,000 69937,000
' $6,141,000 $6,937,000
To EXHIBIT A
' The factors contributing to the decrease
during the year ended September 30, 1971,
' in the amount of additional future
requirements are summarized below:
Balance October 1, 1970 $6,911,614
Commitment to issue warrants - Note A 155.000
7,066,614
' Increase in amount available in General Debt
Service Fund - EXHIBIT E $ 9,013
Bcnds retired during the year 351,000 _ 360,0'_3
BALANCE SEPTEMBER 30, 1971 $6,706,601
See notes to financial statements.
-29.
EXHIBIT K
' NOTES TO FINANCIAL STATEMENTS
CITY OF D£NTON, TEXAS
September 30, 1971
Note A - Right to Purchase Tax Warrants
During the year, the City Council approved the issuance of $155,000 in tax obligation
warrants for purposes of completing construction on a fire station and acquiring
sanitation collection equipment. These warrants are to be dated October 1, 1911.
The Motor Pool Fund has paid $155,000 to the General Fund fur the rights to purchase
the warrants.
1 Note B - Trade Accounts Receivable, Electric System Fund
Included in trade accounts receivable in the Electric System Fund are amounts due
for water and sewer services provided by the Water and Sewer Fund and garbage ser-
vices provided by the General Fund. Utility receivables are carried by the
Rlectric System Fund to facilitate accounting and collection procedures. Each
' fund records its own portion of the revenues and losses from these accounts.
' Note C - Utility Plants and Other Fixed Assets
Utility plants and other fixed assets are recorded at cost or market value at date
of contribution except as follows:
1 The net carrying value of the Electric System utility plant in service was
increased by $4,851,498 to the appraised replacement value less depreciation
' as determined by independent consulting engineers at September 30, 1967.
The increase in carrying value is being amortised directly to Unrealized
Increment in Valuation of Utility Plant in Service. Such amortization
' during the current year was $283,159 and the remaining excess of recorded
appraised value over acquisition cost at September 30, 1971, was $3,718,863.
Prior to October 1, 1970, contributions of water and sewer systems developers
' had not been recorded as assets by the City. The amount of these assets and
their effect on the balance sheet and net income (depreciation) of the Water
and Sewer System Fund and the Statement of General Fixed Assets is not known,
Assets contributed subsequent to September 30, 1970, have been recorded and
are being depreciated.
Note D - Transfer of Excess Revenues from the Utility System Funds
to the General Fund
' The City Charter allows a transfer of "excess revenues" (as defined in the City
Charter) of the utility systems to the General Fund in an amount not to exceed six
percent of the "net investment" in the utility systems. The City Charter specifies
that the "net investment" be taken from the "independent audit of the utility systems
-30-
NOTES TO FINANCIAL STATEMENTS (CONT'D) EXHIBIT K (Cont'd)
CITY OF DENTON, TEXAS
September 30, 1971
Note D - Transfer of Excess Revenues from the Utility System Funds
to the General Fund - Cont'd
for the last fiscal year." In the opinion of the City attorney, the "net invest-
ment" may legally include the appraisal increment of $4,002,022 at September 30,
' 1970.
' Note E - Note Payable
The note is payable to the First State Bank of Denton, Texas, and is due June 22,
' 1972. Street assessments of a like amount have been pledged as collateral for
this note.
Note F - Commitments and Contingencies
The City Council has approved contracts for construction of additions to the
' electric t<tility system totaling $7,719,011 to be financed primarily from pro-
ceeds of Electric System revenue bonds.
Several suits and other claims are pending against the City. In the opinion of
' the City Attorney, settlements, if any, would be immaterial in relation to the
.City's financial statements taken as a whole.
' Note G - Transfer of Funds to Reserve for Revenue Bond Retirement,
Electric System Fund
' The City's Electric System Revenue Bond ordinance required a transfer of $54,720
to be made from the Electric Operating Fund to the Reanrve for Revenue Bond Re-
tirement. Of that amount, $9,120 was transferred after September 30, 1971.
1
-31-
e
t
' OTHER FINANCIAL INFORMATION
1
1
ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION
1 City of Denton, Texas
The audited financial statements of the City of Denton, Texas, for
' the year ended September 30, 1971, and ou; reports hereon are pre-
sented in the preceding section of this report. The. information
presented on pages 33 to 51 was derived from the accounting records
1 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 ~;r pages V to 56 was prepared by
the City and has been included in this report without verification.
1 ,j.,~ F! e
1
Fort North, Texas
Decemt,er 23, 1971
Q
1
I
r -32-
1
BONDS PAYABLE - ALL FUNDS '
CI7Y OF DENTON, TEXAS
September 30, 1971 '
Date Date of Amount
of Final of '
Interest
Issue Maturity Issue Rate
GENERAL OBLIGATION BONDS AND WARRANTS
1948 Street Improvement Bonds 3- 1-48 3- 1-71 '
1960 Street Improvement Bonds 7-15-60 7-15-85 $ 150,000 3.25
1962 Street Improvement Bonds 3 500,000 3.50 to 3.85
-15-62 3-15-87 50 000 2,75 to 3.20
'
1963 Permanent Improvement Warrants 4-15-63 4-15-76 305 5,000 2.80 to 2.85 85
1963 General Obligation Bonds 3-15-63 3-15-88
1964 General Obligation Bonds 500,000 2.50 to 3.25
1964 Park Improvement Bonds 7-15-64 7-15-82 800,000 3.00 to 3.20
1966 Airport Improvement Warrants 12-11-66 7-I5-82 200,000 3.00 to 3.20 '
1966 General O1ligation Bonds 12- 1-81 113,500 4.50
1.15.66 1-15-86 1,000,000 3,30 to 5.00
1967 General Obligation Bonds 11-15-67 5-15-89
1968 General Obligation Bonds 600,000 2 5,00 4.25
1969 General Obligation Bonds ' 1-68 2. 1-88 1,000,000 4.00 to 5.00
r
1970 General Obligation Bonds 4-15-69 4-15-89 1,285,000 4.60 to 6.50
9-15-70 3.15-91 19000,000 5.00 to 7.00
ELECTRIC SYSTEM REVENUE BONDS r
1954 Electric System 11- 1-54 11- 1-
1955 Electric System 84 4,287,000 2.75 to 2.90 r
1955-B Electric System 5- 1-55 11- 1-85 113509000 2.75 to 2.90
1961 EJt,,tric System lI- 1-55 11- 1-85 1,3670000
1- 1-61 11- 1.90 5,200,000 3,75 to 53.00
1965 Electric System 1- 1-65 11- 1-84
.50
1968 Electric System 2- 1-68 11- 1-88 100000000 •05 to 5.00
1970 Electric System s ''.00 to 5.00
9- 1-70 11- 1-95 3,500,000 4,50 to 6.50
WATER AND JEWER SYSTEM REVENUE BONDS , r
0 Water and Sewer System 7-15-60 7-15-90 1,700,000 4.00 to 4.25
1952 Water and Sewer System 1-15-62 7-15-90 1,000,000 3.00 to 3.45
1964 Water and Sewer System 7-15.64 7-15-84 250,000 3.00 to 3.40
1966 Water and Sewer System 1-15-6E 7-15-86 1,000,000 3.30 to 4.50
1969 Water and Sewer System 4-15-69 7-15-89 1,060,000 4.00 to 6.50
r
1
1
r
r
-33.
'
1
SCHEDULE I
t
Maturities
' Year Ended 'fear Ended
Outstanding September 30, 1971 Outstanding Member 30, 1972
Sept.30, 1970 Issued Retired Sept.30, 1971 Principal Interest
$ 50,000 $ $ 50,000 $ - $ - $ -
375,000 25,000 350,000 250000 13,237
340,000 20,000 3200000 20,000 9,460
2159000 30,000 1850000 30,000 50258
360,000 20,000 340,000 20,000 100240
' 705,000 250000 680,000 65,000 20,981
140,000 100000 130,000 10,000 49035
1072000 6,000 1010000 8,000 4,365
925,000 259000 9009000 60,000 29,707
' 570,000 309000 540,000 30,000 22,950
925,000 50,000 8759000 500000 36,562
11225,000 60,000 1,165,000 60,000 59,305
' 10000,000 - - 1,000,000 509000 57,300
$ 6,937,000 $ $351,000 $ 6,586,000 $42288,000 $2739406
$ 29645,000 $ $140,000 $ 2,505,000 $145,000 $ 67,756
844,000 44,000 8000000 459000 220548
884,000 44,000 8400000 45,000 249525
' 4,825,000 85,000 4,740,000 85,000 184,970
2,750,000 250,000 2,500,000 2259000 689988
950,000 50,000 9009000 50,000 38,300
3,500,000 - 3,500,000 140,000 211,820
' $16,398,000 $ $6139000 $1597859000 $735,000 $618,907
$ 1,4509000 $ $ 459000 $ 1,4059000 $ 50,000 $ 56,200
8150000 30,000 785,000 30,000 26,090
160,000 15,000 145,000 15,000 4,660
8000000 50,000 750,000 50,000 259550
1,040,000 45,000 995,000 50,000 529975
$ 492659000 $ - $185,000 $ 4,080,000 $195,000 $165,415
' -34-
FU`rURE DEBT REQUIRF14ENTS - ALL FUNDS p
CITY OF DENTON, TEXAS
Based on bonds and warrants payable as of September 30, 1971
Year Ending _ Ceneral Obligation '
September 30 Principal Interest Total
1972 $ 428,000 $ 273,408 $ 701,408 '
1973 433,000 2541530 687,530
1974 438,000 235,680 673,680
1975 439,000 2179999 656,999 ,
.976 439,000 200,770 639,170
1977 4000000 183,830 583,830
1978 400,000 168,173 568,173 t
1979 400,000 152,448 552,448
1980 396,000 136,570 532,570
1981 4020000 120,700 522,700
1982 401,000 104,555 505,5:5
1983 325,000 88,252 413,252
1984 3259000 74,217 399,217
1985 325,000 60,087 385,087
1986 3000000 45,825 345,825
1987 240,000 33,520 2739520
1988 245,000 21,992 266,992 '
1984 150,000 12,065 162,065
1990 500000 4,050 54,050
1991 50,000 1,250 51,250
1992 '
1993
1994
1995 '
1996
$6,586,000 $2,389;921 $8,975,921 '
-35-
SCHEDULE 11
' Electric System Revenue Water and Sewer System Revenue
Principal Interest Total Principal Interest Total
' $ 700,167 $ 605,607 $ 1,305,774 $ 195,000 $ 163,413 $ 358,413
708,000 577,933 10285,933 1969250 155,163 351,413
7150417 5509498 19265,915 2013250 1469863 348,113
1 7289833 522,870 1,251,703 207,500 1389435 345,935
7412000 495,271 1,236,277 215,000 130,013 345,013
753,000 4679338 1,220,338 216,250 1219393 3379643
766,833 438,969 1,205,802 221,250 1129686 333,936
7799000 409,997 1,1889997 226,250 103,787 330,037
792,833 3809344 11173,177 230,000 940709 324,709
805,000 3509221 19155,221 232,500 85,462 317,962
' 8180833 3199523 1,138,356 240,000 760084 3169084
832,833 2880477 1,121,310 241,250 66,431 307,681
851,417 256,992 1.108,409 241,250 56,723 297,973
700,833 229,884 930,717 231,250 47,010 2789260
703,500 200,902 904,402 225,000 37,674 2629674
727,917 170,365 8989282 196,250 28,508 224,758
748,333 138,101 886,434 201,250 20,295 221,545
727,083 1043893 8319976 193,750 12,021 205,771
► 747,917 72,649 820,566 120,000 4,573 1249573
190,833 39,518 2309351
140,000 28,601 168,601
140, 000 19s6/,7 159j647
140,000 139125 153,125
140,6 6,825 1469825
11,667 67 525 129192
$150111,249 $6,689,081 $2198009333 $4,031,250 $1,6019243 $5,632,1493
-36-
SCHEDULE III
' GENKHAI HI!NI1
FS(IHA110 P1111 AC:IVAI. REVENUE
tillY n} itE.NInN, 111AH
' Year Ended Septcmhrr 30, 1971
Actual Revenue
Estimated Actual 0vrr or (Under) Prior Fiscal
Revenue Revenue Estimated Year
i I'AXFS
Curretti trues S 438,000 $ 465,006 270006 $ 453,179
Delinquent taxes 17,000 20,299 3,299 19,388
1'visnlty and lotere9t 13,000 13,300 300 13,595
468,000 498,605 30,605 486,162
OIIIFR TAXES
Salrs tax 625,000 6700220 45,220 587,380
Franchise tax - lone Star 20 396
Gas Co, 25,022 25,022
Frant hls a (Nx - (leneral Telephone 27 314
Co, of the Southwest 30,704 30,704
680,726 725,946 45,220 635,155
FEES FROM REVENUE-PRODUCING
' FACILITIES 197,680
Gathage charges - residential 2040000 211,258 7,258 84 235
Garbage clsntger - commercial 100,000 101,184 I,184 11,212
Swimming pool receipts 120000 8,752 (3,248) 1 680
Lemeto y fees 1,200 11515 315
Conttnunlty building rent 31500 69316 2,816 3,241
Airport _ 12,000 12,769 769 _ '7.091
332,700 341,794 9,094 320,145
FINES AND FEES 154,578
Corporation Court 155,000 1-76,412 21,412
' Animal pound 3,300 4,042 742 10908
Automobile pound 11200 1,350 150 1,607
150 5"L (98) 216
Ponce record checks 2 206 158,309
t 159,650 181,856
LICENSES AND PERMITS 780
Zoning permits and petitions 1,100 10145 45 1,319
® Tax certificates 10700 2,021 321 1,360
■ Electric and plumbinf licenses 1,500 1,388 (112) 2,368
Vital statistics 2,000 2,300 300
Building permits 21,000 23,794 2,794 169121
18 1,731
Miscellaneous permits 1X900 570 1,91578 0 584
Loading zones 2 834
Garbage permits 4,300 5,190 890
34,070 38,326 4,256 27,162
1
' - 37
SCHEDULE III (Cont'd)
' GENERAL FUND
ESTIMATED AND ACTUAL REVENUE
CITY OF DENTON, TEXAS
t Year Ended September 30, 1971
Actual Revenue
Estimated Actual Over or (Under) Prior Fiscal
' Revenue Revenue Estimated Year
MISCELLANEOUS REVENUES
Parking meter receipts 3,750 4,624 874 2,554
Electric inspections 7,100 5,474 1,374 3,829
Plumbing inspections 9,750 10,873 1,123 5,604
Country fire runs 1,700 2,019 319 1,460
County radio and identification 39000 39000 - 31000
Rents and concessions 10,000 5,669 (4,331) 5,066
Sale of scrap material 96 96 26
Matching fund 45,000 50,157 5,157 489091
Interest income 6,200 43304 (19896) 419
Miscellaneous income 90100 99988 888 14,580
Paving assessment interest 19600 19896 296 2ollO
513
Due from accounts receivable -
e Fixed asset sale 189000 18,347 347 359909
Sale of right to purchase -
warrants - Note A - 155,000 155,000 -
270,200 274,447 4,247 1239661
TRANSFERS FROM OTHER FUNDS
' ELECTRIC SYSTEM FUND 234,807
Administrative services 2720122 268,869 -
(3,253) 6299373
Return on net investment 653,128 653,128
WATER AND SEWER SYSTEM FUND
ISktY, Ad ini~trt~ivef 4,rv89,623 (1,084) 78,269
2 182,427
■
TRUST AND AGENCY FUNDS
Hickory Creek Park 9,2)7 6,531 (20676)
10233,195 1,2269182 0013) 17124,876
$3,1780541 $3,287,156 $1089615 $2,875,470
t
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' -38-
SCHEDULE IV
GENERAL FUND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
CITY OF DENTON, TEXAS
Year Ended September 30, 1971 Expenditures
Expenditures and Encumbrances
' Account Appropriations and Fncumbrances Prior Fiscal Year
GENERAL GOVERNMENT
Salaries and wages $ 95,644 $ 102,155 S 919171
' Supplies 7,626 10,230 7,941
Maintenance 9,072 10,585 11,878
Services 580222 629791 609989
Sundry 4,235 5,340 7,481
' Capital outlay 225 1,777 11,664
Insurance 254 2,355
1750278 1959233 191,124
' LEGAL. DEPARTMENT
Salaries and wages 72,935 72,730 60,027
Supplies 2,936 3,416 2,514
' Maintenance 940 1,073 11454
Ser%.ces 14,586 13,273 179964
Sundry - 183 27
Capital outlay 31800 4,825 49381
' Insurance - 24
959197 95,524 869367
COMMUNITY DEVELOPMENT
' Salaries and wages 1729492 170,721 1439021
Supplies 8,350 9,609 7,435
Maintenance 5,400 4,9142 6,054
Services 13,890 159136 14,277
Sundry 100 80 323 JJ
Capital outlay 41300 7,958 10,38e I
Insurance 12011 19076
arw. ak=+sn"~C°M~ - " # a+i r as £n--i $1, 498
CIVIL DEFENSE
Salaries and wages 17,763 179762 16,634
' Supplies 10251 11001 2,343
Maintenance 19424 29137 20301
Services 1,570 1,522 1,874
' Capital outlay 11750 19707 2-070
Insurance 434 367
' FINANCE .DMINISTLtATION 24,192 24,496 25,222
Salaries and wages 31,073 282681 24,280
Supplies 80; 902 992
Maintenance 75 94 287
Services 1,015 909 1,128
Capital outlay 450 449 450
Insurance 6 6
33,420 31,041 270131
- 39-
L
' SCHEDULE IV (Cont'd)
GENERAL HIND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
' CITY OF DENTON, TEXAS
Year Ended September 30, 1971 Expenditures
Expenditures and Encumbrances
Account Appropriations and Encumbrances Prior Fiscal Year
RIGHT-OF-WAY
Salaries and wages $ 9,056 $ 9,239 $ 8~32b
Supplies 226 223
' -
Maintenance 26739 6 36713 589
Services 6 739
Capital outlay -
Insurance 115 122 168
' 100312 100573 10,565
PURCHASING 17,277
Salaries and wages 239016 22,443
' Supplies 2,350 21319 19940
Maintenance 225 171 260
Services 1,400 1,721 1,332
Capital outlay _ 350 327 247
27,341 26,981 21,056
BILLING AND COLLECTING 110,477
' Salaries and wages 123,637 120,191
Supplies 14,381 139873 12,492
Maintenance 2,813 2,578 39505
Services 50091 5,324 4,720
Sundry 50 103 284
Capital outlay 259 259 -540
Insurance 635 653
' 1469866 142,981 l3ksO18
ACCOUNTING
Salaries and wages 19,636 180674 19$357
Supplies 441 637 814
Maintenance 325 196 448
~ 200 176 130
Services 295
' Capital outlay 20,754
HICKORY CREEK PARK 20,602 19.978 _
Salaries and wages • 50682 5,037 -
' Supplies 625 455 -
Maintenance 400 474
Services 500 500
' Fixed assets 2,000 65 -
9,207 6,531
TRAFFIC CONTROL _
' Salaries and wages 130274 13,277 -
Supplies 875 637
Maintenance l•',, 475 139484 -
services 29965 39011
' Capital outlay 1,034 21383
32967:1 32,792
-40-
SCHEDULE IV (Cont'd)
' GENERAL FUND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
' CITY OF DENTON, TEXAS
Year Ended S„ eptemFer 30, 1971 Expenditures
Expenditures and Encumbrances
' Account Appropriations and Encumbrances Prior Fiscal Year
TAX
Salaries and wages $ 340764 $ 34,626 $ 26,600
Supplies 35502 3,312 4,590
' Maintenance 450 381 381
Services 1,155 10633 10088
Capital outlay 150 148
Insurance 50 50
Sundry 22 22
40,093 40,172 32,659
DATA PROCESSING
Salaries and wages 440031 43,045 350849
Supplies 79131 50921 69099
Maintenance 115 181 134
Services 35,781 35,336 33,259
870058 849489 750341
SANITATION-COLLECTION
Salaries and wages 2389770 2369649 219,024
Supplies 189430 18,592 16,534
Maintenance 309200 31,669 32,9.2
Services 349280 34,279 330439
Sundry 20 47 278
Capital outlay 45,915 63,117 19809
' Insurance 21512 20586 -
370,187 3869439 1049016
SANITATION-DISPOSAL
1 Salaries and wages 23,976 23,831 220342
Supplies 10030 19284 10019
Maintenance 13,550 179756 10,638
Services 10,750 10,745 9,673
' Capital outlay 1,523 1,523 2_050
Insurance 40 30
50,869 550169 450722
POLICE
Salaries and wages 522,026 526,058 4429240
Supplies 36,700 33,779 26,286
' Maintenance 29,600 33,258 26=095
Services 45,110 42,941 38,297
Insurance 2,869 3,042
Sundry 550 473 2,372
Capital outlay - plant and
equipment 15,000 129599 149474
651,855 652,150 549,764
1
-41- {
GENERAL FUND SCHEDULE IV (Cont'd)
' APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
t CITY OF DENTON, TEXAS
Year Ended September 30 1971 Expenditures
Expenditures and Encumbrances
'
FIRF Account Appropriations and Encumbrances Prior Fiscal Ynar
Salaries and wages $ 408,598 $ +05,628
Supplies 9 780 9 $ 361,106
Maintenance 9,480 ,730 9,106
Services 10+009 4,291
22,645 Capital outlay 7,329 9,963 221,99b
Insurance 5=391
1,401 2,091 1
STREET AND BRIDGE 4590233 ~ 4581180 4069960
' Salaries and wages 1820551 171 255
Supplies 9,549 170,638
Maintenance 1030800 8,971 8,574
Services 1069118 120,751
1 Sundry 89,104 95,788 89,789
Insurance 700 1,366 100
Capital outlay - plant and 3,100 2,b41.
' equipment 16,410 _ ~3 651 _
32,420
PARKS - ADMINISTRATION AND PARKS 405,214 399,790 422'272
' Salaries and wages 93,545 97,476 93
Supplies 132749 ,540
Maintenance 12 426 14,713 10,882
Services ~ 13,618 17,316
28,205 24,811 330832
Capital outlay - land 79500 19705
Capital outlay - plant and 14,459
equipment 4,559 -
Insurance 4,422 109065
Su 100
Sundry 1'628 29082
100 _
' PARKS - SWIMMING 161,623 158,927 180,094
Salaries and wages 11,858 11,635
Supplies 1,985 13,280
' Maintenance 1,533 2,452
Services 29100 1,O i2 21721
2,25300 830 3,040
Sundry (awards)
20
' Capital outlay 1,010 -915
Insurance 115 2,118
]i7
PARKS - RECREATION 19,393 17,212 23,631
Salaries and wages 38,754 48,011
Suppplies 5,178 43,085
Maintenance 3,786 2,905 4,956
' Services 19562 29724
239935 23,308 219388
Capital outlay - land 2,750 3,470
Capital outlay - plant and 289
' equipment 39000
Insurance 186 1'196 2,997
77,589 80,912 75,439
' .42-
SCHEDULE IV (Cont'd)
' GENERAL FUND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
' CITY OF DENTON, TEXAS
Year Ended September 30, 1971 Expenditures
Expenditures and Fncumbrances
O Account Appropriations and Encumbrances Prior Fiscal Year
CE14FTERY
Salaries and wages $ 21,654 $ 21,758 $ 20,763
Maintenance 750 423 514
Services 500 407 414
Capital outlay - 397 -
Land 800 289 -
' Insurance 846 820 -
240550 24,094 219691
LIBRARY
' Salaries and wages 41,894 390173 33,239
Supplies 4,548 41812 21949
Maintenance 10017 10011 434
Services 120755 13,258 140436
Insurance 13 355
Capital outlay - plant and
equipment 11,715 99782 14,171
71,942 68,391 659229
AIRPORT
Supplies 44 65 215
' Maintenance 6,920 70351 160092
Services 2,831 2,263 2,511
Sundry 29 61 3,000
Insurance 160 389 79202
Capital outlay - plant and
equipment 42455 4,455 8,950
' 14,4:9 14$84 370970
CITY-COUNTY HEALTH UNIT
Salaries and wages - - 249
' Supplies 165 82 122
Maintenance 300 - 406
Services 25,500 26,369 25,321
Capital outlay - 281
' ,965 2b , 451 26,379
NONDEPARTMENTAL EXPENDITURES 25
Flow Memorial hospital 25,000 25,000 35,000
' Insurance 71,271 1,779 159259
Equity in loss of Working Capital
Fund - - 11,318
' 960271 26,779 61,557
TRANSFER TO ANOTHER FUND FOR
SPECIAL PROJECT
Fire Station Capital Project Fund 94,000 939731 -
TOTALS GENERAL FUND $3,430,912 $3,383,632 $3,0249465
-43-
SCHEDULE V
ELECTRIC SYSTEM FUND
ESTIMATED AND ACTUAL REVENUE
CITY OF DENCON, TEXAS
Year Ended September 30, 197L
Actual Over Revenue
Estimated Actual (Under) Prior Fiscal
Revenue Revenue Estimated Year
' ELECTRIC FUND
Customer sales - residential $1,875,000 $19855,339 $(19,661) $10734,509
Customer sales - commercial 29650,000 23596,494 (53,506) 25482,894
Penalties 550000 59,658 49658 51,683
e Dusk-to-dawn rental fees 23,188 170637 (59551) 09038
Intra-governmental sales 250,000 2139729 (369271) 1989644
Collection on charged-off 976
' accounts 10500 11580 80 852
Reconnection fees 19000 768 (232)
Resale power income 82500 209926 12,426 69306
Power purchased and resold 3,000 19560 (10440) 2,105
' Sale of scrap material 140000 15,211 19211 89946
Interest income 550000 83,912 28,912 72,852
i
Contributions in aid of E,607 80607 -
construction _ 7,131
Miscellaneous income 15,000 10,926 (4,074)
$40951,188 $4,886047 $(64,841) $4,583,136
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t -44-
t SCHEDULE VI
ELECTRIC SYSTEM FUND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
CITY OF DENTON$ TEXAS
Year Ended Sectember 3C, 1971 Expenditures auj
Expenditures and Encumbrances
Account Appropriatiot.j Encumbrances Prior Fiscal Year
ELECTRIC PRODUCTION
Salaries and wages $ 375,951 $ 3570047 $ 292,000
Supplies 253639 29,839 29,549
Maintenance 39,456 33,478 419130
Fuel for electricity production 9369206 950,755 887,357
Services 31=204 29,719 34,286
Insurance 15,805
Sundry - 74 319
' Capital outlay 23,910 55,947 179032
1,432,366 19472,664 19301,673
ELECTRIC DISTRIBUTION AND METERING
' Salaries and wages 4049765 392,063 306,226
Supplies 13,768 150579 11,535
Maintenance 739353 82,128 51,145
' Services 39,830 399521 38:431
Insurance 10847
Sundry 700 379 1,269
Capital outlay 517,804 5290057 354,873
' 1,0.0,220 11060,574 763,479
PRO RATA SHARE OF UTILITY
ADMINISTRATION EXPENSE
' Salaries and wages 61,818 599955 499970
Supplies 2,896 20420 2,650
Maintenance 1,532 10444 19421
Service 46,467 48;320 18,140
Sundry 17,241 17,504 17,796
Insurance 234 196
Economic development - - 31,802
e Capital outlay 800 368 820
1309988 1300207 122,599
' NONDEPARTMENTAL EXPENDITURES
Interest and redemption
requirements 1,267,863 19417,504 1,057,325
Transfer to General Fund -
' Administrative Services 272,122 268,869 2349807
Return on net investment 653,128 653,128 6299373
Insurance 299000 319977 42,387
' Bond insurance expense i 6'289
Equity in loss of Working 108,133
Capital Fund
t Provision for uncollectible - - 263577
accounts
2,2229115 2,371,478 2,104,891
$4,8351691 $5,0349923 =402929642
-45-
SCHEDULE VII
WATER AND SEWER SYSTEM FUND
ESTIMATED AND ACTUAL. REVENUE
CITY OF DENTON, TEXAS
' Year Ended September 30, 1971
Actual Over Revenue
Estimated Actual or (Under) Prior Fiscal
Revenue Revenue Estimated Year
WATER FUND REVENUES
Customer sales - residential $ 5739012 $ 577,553 $ 49541 $ 533,385
' Customer sales - commercial 4300561 3510233 (79,328)
Penalties 219000 220072 19072 189298
389000 25,820 (120180) 360884
Tapping fegorees- nmental water - 42,824 42,824 18,970
f. 500 6,941 6,441 159
Sale of scrap material 50 - (50) 37
Miscellaneous income
Interest income 16,000 24,718 80718 22,680
19079,123 19051,161 (279962) 981,228
' SEWER FUND REVENUES
Customer sales - resid3ntial 196,000 1999406 39406 192,623
134 000 129,236 (40764) 121,649
Customer sales - commercial
Tapp 14,275 140275 59435
' Tapping fees - sewer
Sewer extensions 51000 8,785 3,785 1,365
3350000 351,702 16,702 321,072
' $10414,123 $1,402,863 $(11,260) $1,302,300
1
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' -46-
' WATER AND SEWER SYSTEM FUND SCHEDULE VIII
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
r CITY OF DENTON, TEXAS
Year Ended September 30, 1971_ Expenditures and
Expenditures and Encumbrances
Account Appropriations Encumbrances Prior Fiscal Year
' WATER PRODUCTION
Salaries and wages $ 82,479 $ al,002 $ 61,152
Supplies 49,951 540839 48,762
Maintenance 9$22 13,384 71022
'
Production power 500758 55,872 50,884
Serv-:ea 37,480 369907 253879
Capital outlay 2,344 20194 49679
Insurance 533 10881
' 233,067 246,079 198,378
WATER DISTRIBUTION AND METERING
' Salaries and wages 124,388 114,264 102,843
Supplies 6,540 60216 6,288
Maintenance 229630 19,036 239402
Services 18,806 18,257 199942
Sundry 2,276 2,216 - 68
Capital outlay 165,503 121,061 284;871
Insurance 762 245
' 340,405 281,295 437,414
SEWAGE TREATMENT APID DISPOSAL 720602 740147 51,655
Salaries and wages
' Supplies 7,505 79569 4 445
Maintenance 59385 5,252 49362
Production power 29,458 240654 112262
Services 3,495 3,205 3,529
Capital outlay _ 4,716 21850 30906
Insurance 347 839
123,568 119,116 79,159
t SEWAGE COLLECTION
Salaries and wages 108,852 1129843 105,065
Supriies 7,581 7,490 61822
' Maintenance 219224 182912 149185
Services 23,392 239513 24,703
Sundry 40050 3,025 275
t Capital outlay 1080649 859559 71606
Insurance 762 245
2749510 2510631 2220656
t
-47-
SCHEDULE VIII(Cont'd)
WATER AND SEWER SYSTF24 FUND
APPROPRIATIONS AND EXPENDITURES AND ENCUMBRANCES
CITY OF DENTON, TEXAS
Year Ended September 30, 1971_ Expenditures and
Expenditures and Encumbrances
Accounts Appropriations Encumbrances Prior Fiscal Year
PRO RATA SHARF. OF UTILITY
ADMINISTRATION EXPENDITURE
Salaries and wages $ 300916 $ 29,978 $ 249981
Supplies 13449 11210 1,325
' Maintenance 766 906 710
Services 23,234 249160 91069
Sundry 83621 89587 80897
Economic development - 15,901
Capital outlay 400
Insurance 117 98
65,503 64,939 60,883
NONDEPARTMENTAL EXPENDITURES i
' Transfer to General Fund - -
Administration 90,707 890623 780269
Interest expense 1,472 19817
Return on net investment 208,031 2089031 1829427
Insurance - 21507 4,500
Interest and redemption
requirements 3589560 367,386 3540662
' Equity in loss of Working - - -
Capital Fund 20,799
Paying agent fees 424
' Provision for uncollectible - -
accounts 7,480
657,298 669,443 649,954
$1,6940851 $19632,509 $11648,444
1
-48-
REVENUE BOND DEBT COVERAGE SCHF!1U1.E ix
CITY OF DENTON, TEXAS
' September 30, 1971
e
Electric System Fund;
Gross revenue
$5,034,960
' Maintenance and operating expenses (excluding
bond interest and depreciation)
2,252,483
NET REVENUE $2,782,477
Largest annual debt requirement (1972)
' $1,305,)72
Debt coverage
2.13
Water and Sewer System Fund:
' Gross revenue $1,346,437
Maintenance and operating expenses (excluding
' bond interest and depreciation) 728,343
NET REVENUE $ 6180094
t Largebt annual debt requirement (1972) $ 358,413
' Debt coverage
1.72
t
S -49-
SCH. DULE X
INVESTMENTS - ALL FUND
CITY OF DEN'MN, TEXAS
' September 30, 1971
Interest Maturity
Rate Date Amount
' GENERA" FUND
Operating Fund:
Time certificates of deposit:
Denton Federal Savings and Loan Association 6% 9-30-72 $100000
North Texas Savings and Loan Associatior, 67 9-30.72 10,000
$20,000
ELECTRIC SYSTEM FUND
' System Fund:
Time certificates of deposit:
' Denton Federal Savings and Loan Association 6% 9-30.72 $10,000
North Texas Savings and Loan Association 6% 9-30-72 10,000
$20,000
' Revenue Bond Debt Service:
Time certificates of deposit:
' Denton Federal Savings and Loau Association Q 9-30-72 $10,000
North Texas Savings and Loan Association 6% 9-30-72 _10,000
$20,000
' Revenue Bond Reserve:
Time certificates of deposit:
Denton Federal Savings and Loan Association 6% 2-28-74 $100000
North Texas Savings and Loan Association 6% 2.28-74 10,000
20,000
U.S. Government obligations -
U.S. Treasury Notes (market valte - $43,740) 4-1/87 11-15-74 44,894
$64,894
1
SCHEDULE X (Cont'd)
1 INVESTMENTS - ALL FUNDS
' CITY OF DENTON, TEXAS
September 30, 1971
' Interest Maturity
Rate Date Amount
WATER AND SEWER SYSTEM FUND
' System Fund:
Time certificates of deposit:
Dent~::i Federal Savings and van Association 6% 9-30-72 $100000
North Texas Savings and Loan Association 6% 9-30-72 10,000
' $20,000
Revenue Bond Reserve:
Time certificates of deposit:
Denton Fe0,-ral Savings and Loan Association 67. 2-28-74 $100000
North Texas Savings and Loan Association 6% 2-28-74 101000
' $20,000
' MOTOR POOL FUND
Operating Fund:
Time certificates of deposit:
Denton Federal Savings and Loan Association 6% 2-28-74 $109000
North Texas Savings and Loan Association 67, 2-28-74 106000
$20,000
SPECIAL REVENUE, TRUST, AND AGENCY FUNDS
Time certificate of dep ,it - First State Bank of Denton 57., 10-22-71 $ 20035
Note: Time certificates of deposit are automatically renewed for six-month Veriods
' until cancelled.
-51.
1
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STATISTICAL. TABLES
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TABLE I
' Coverage Amount or Limit
t 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 11665
Robbery inside premises 20000
Sound equipment at Civic Center 109241
Comprehensive glass policy - City Hall Total loss
' Utility accounts receivable - destruction of records 660,000
Fire and extended coverage nn utility systems,
buildings and contents, and n_wly acquired buildings 17,397,000
and their contents 90% coinsurance
Public liability:
' General:
Bodily injury 100/300,000
Property damage 509000
Automobile:
Bodily injury 100/300,000
Property damage 500000
General boiler and machinery 5,000,000
Workmen's compensation
Comprehensive glass policy - Library Total Loss
Group Accident, Sickness and Life
Coverage on all full-time employees
riroup Accident, Sickness and Life
Coverage on Police Reserve
-53-
r
r TABLE II
ASSESSED VALUATION AND TAX ASSESSED
CITY OF DENTCN, TEXAS
1
1
Year Ended Assessed Valuations Total
' September 30 Real Propert:, Personal Property rotal Tax Assessed
1962 $29,536,418 $ 71238,756 $362775,174 $ 551,628
1963 32,167,638 7,779,232 390946,870 599120_
r 1964 3691050470 79230,770 43,336,240 650,044
1965 390713,490 808369110 48,549,600 728,244
1966 42,9780610 90494,495 52,473,105 787,096
r 1967 47,4039190 11,255,685 58,658,t•75 879,883
1968 49,367,720 129222,198 61,589,918 9239849
1969 529065,360 14,934,931 67,000,291 1,00:0,004
r 1970 55,4170090 151658,946 11,076,036 19061,,141
1971 60,5399722 169406,918 769946,640 1,154,199
r TAX RATES
The constitutional and statutory tax rate limit, Including debt service,
is $2.50 on each $100.00 of assessed valuation. The City of Denton's tax rate is
r $1.50 on each $100.00 of assessed valuation. The assessed valuation is 40% of true
estimated value.
TAX DUE DATES AND PENALTIES
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 before
' March 31. Penalties due on delinquent taxes accrw:: February 2%, March 5%,
April 6%, May 7%. Interest on delinquent taxes in addition to penalties, accrues
at the rate of k% per month. No discount is allowed for early payment.
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1
r TAX ASSESSMENT AND rOLLFiCTIONS TABLE III
CITY OF DENTON, TEXAS
r
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Collection of
Year Ended Total Current Year's
September 30 Assessment* Percentage of Levy
Taxes During Year Collected During Year
1962 $ 549t807
1963 5987iO S 501, 91,30%
146t> ' 545, 3~53 i 9Z, 09
648,283 608,596
1965 722,718 683,137 93,88
1966 785,322 732,325 94,52
1967 877,537 811,554 93,25
1968 9239849 873,030 92.47
94,49
1969 470 1,005,004 930,679 9
r 1
2.60
1,057,259 994,426
5.10
1971 1,135,935 1,088,047 994
95,78
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r * Total tax levy figures are adjusted to include
debit and credit memos and the effects.
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' -55-
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MISCELLAK20US STATISTICAL DATA TABLE IV
CITY OF DENTON, TEXAS
' September 30, 1971
Area of City 28.83 square miles
Date of incorporation Stptembe<• 26, 1866
Form of government Council - Manager
' Total City employees 44'6
Year Ended Seateraber 30
1967 1968 1969 1970 1971
Estimated population 38,500 39,000 390000 38,865 40,000
t Tax rate - per $100
valuation $ 1.50 S 1.50 $ 1.50 $ 1.50 $ 1,50
Assessed valuation $589658,875 $61,589,918 $670000,291 $7100769036 $76,946,640
' Electric Production
(KWH) "117,275,500 239,672,011 2730621,251 300,291,140 3199168,699
Electric customers 100750 141950 11,050 111016 11,464
' Water production
(1,000 gallons) I,7i7,276 1,7041250 11939,516 202400737 20478,875
Water customers 99750 91950 10;050 100177 10,542
General Fund revenues $2,021,888 $1,174,935 $2,655,172 $2,875,470 $3,287,156
' Ceneral Fund
expenditures and
encumbrances $21054,773 $29034,625 $2,4749934 $39024,464 $3,383,632
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