1979
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t~ ~ L n f i M ~
,
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r ~d flr~ V r .h !N i° r S°'~ r, t',., r} R } u w y:. t r br'. r
r r I r t~, 'v ~:r Qan k r t itif l-y~ryp yi r~r a♦ fi,:
C it 0f
Demon, Texas-
$4,3Q0`066
r ~neral 0bgation Bonds,
x ~+tCres ~q
r X41 ~ oo, o00
and d be2ver $ y1'tem: Revenue, BdnA
Series. 197'9
y i. r. 'r 7. M1.
ti Y7
s " Zuethy; Aldreh 6,'100, dt ?:00 PA!o CST
IN I
' 1: 4F,"Sf f ~
. NI.'. y_ ,
OTIC& OF SALF11'
A$ ! e
Nf}j~Al. Q t~GAT~ON'IFIPN 'PS, SEA 1474'
p gttd
_ li r.1 ! VL. I1 /I~,I .r''JV~ N EIYnV1; , If l'f II li
f 111 ~r li Ir7
d '9 1~1Y .I '
ANS Wt 'SYStFM` IEVVE1~ gtlNi~S, ` i:1tI
WATF.f~ . s„ i ~a+;i,ls
i; "
041 , CfTY Oly DENTOWTiEXA5
1
p "IV .11 . I 1t1
10799's ~ 7j11V if 1~T), f r 1 11 11,
arc 6 11. U l'1 ,i}li/~ /t r~f~t*0~'f~t)str~cUy11 71
1• If ,r Nil{f 71, 7'4!c'.7 i7flr ,1'r 11l 1lJ 1~j Y~•R}yl ~l~~~~~~~~ n'~~'YQ
~L 1~ ei,~ 6f{ in'! alb ~ G1( I f~';Li ,,111!1 d: I1 l r I 1 ~ ~~Q~l
Place and Time o~SalPr nity,'ppppC! Ai111hR,~'tY,Rt, lqh .1079, n Tal
iontwdiillbe
reeled bids at the Ci
pletely ly Nall de+cuntij 7ribod :00 bi 0the Officill M, CST, Sta~emyGntr: uh k a9~ aFertthtteC" l
'186461, nsdre coM isl, y,
Irken immediHy~bys the iCi~ Council-FIiA r to A cceflt or t"t the besj,,
.,Mddrisr'o/Bfds~cSartcJ.brids?pIalally Marked "Bids; utsfor Bbndlt';rhbuld bond$tixlod to ttM yoron
'f 'rmitled old th4 Off 1*1 Bid Form
TesiMs c Ali b0 of W111ch
City CoGncii,~ C14 bide must ba
"'v ,it ra trk ~>%i YI!) l" 'u i ,•~t"ri, Urli ; 11 ~ t2 I ~
~rt'C~1ClOd ar,t,t1~j'islP, f,. G ! >>1S~t~.~ r,! }ti,ar i
eo Btdsandlnftratftatts. `Thc rilllls will 1,} blete' rts~~-, trrl'1U t rsrrl:Ilia c) ill c i k s,, ,i tifix
t rot , "t' t ''9 Fol rid Intwoseparate Wilts: (I') 0,56,=
T)P 1 14 ti00,000 Waitr.add,Sewes Syaetsl Revensle,Bsinds, Solid 1779.
Obliptitin Bids ids ssubmMitted tn ted trusC bo fot all a(a all oraad C1f robe ) of bdchE bf lhDlo~kt bid upon. No bid of lstitl than bnr tfnd'accrued
Be_ Will 1ntt-t~l will bgobc►aMtrtld: Biddets mtut s<pecit~ ill fa maw4>tol trrewr plethe: j of~8 of +b dd 1/20 bf
eoslpott;rltl lnstitccss'on ihi ill baeoc +4s<61d, ra as 2%,
p1~,
rl,tbt lrf~~ar'1~rfeka rafr ~I Ifhdr.' ti ldil j Mu~bo 6dr~rpgt Mtwro
1%ii,he-e~►~ad bell
ll,b
YVithln a single irsturity, there. sli~ B
tted o ti'b official ~ Form, without 11 - „ t;
supplement !coo~ tt~ss! will l~e cansidets iI bt~s rrubt be rl~
~lr l rlr ) ~i t !ii r tnu i autluy; r . ,t;ti?m0
lhlf8tib'n''d Ifidrtlfieaii rt. IA ,r;
nrYlirtt 1) ~,~1 lra~ l o1r, gi,ik>nuirf,i;r a,t"l :nr'~ 17,^ a. r i"7 J.'tr,x) l b bnr 1 'rd "'F'
j ,l,r Basis /br.t s*i~ardr+ c pot lid pttrpodl bf 4wdrdidA liid Bandsvthb jintePettdo>ir'of loch isld wit! bt"cosnp'skdd '
by detertrlining,iat tbd ratd or Rtyt l6ed therbiefthV total dollar, vshieof all Interest on th'a Wads from
lhedate thembf to tlkir 7h Bonds~wilsi be aWardod to the blddeo(s ti~ ap t) whoteb3l on t~sefbiive
the p U104jon n bid,
od u ur; theioweslIn er46tilmat to theCity. In the ey t f an err r In InteTt cost ~g cuiatton,
bd'4dNrid~rd to rrt__f`~ tl<~ ~l 111,7
co ula:lt
frt ~t~bt'tl N' ~rbltit'd'ifi'tis'e'~fri'~i6 P ~ ~ ,,,sotsn„trl, Srnc .!„t ,r ~
rr ,.1',~,ro~",11, i,rnSlU ,!t~ ~.I;rrrau I,iF Inr, [7f o1i
rnu;l Gcrdd ~alt7t Dr)saslt:l A C3r?od Faith Ulpositi"ystble to t~so'4'C4tyot Dentbrl;Teslrs't~ In the afibslnt
2,14 of t~te pirvalud itimunl of bomi bld upofi, is fbgairtid,lSug t3+jA palth D*06A Sall 00 s1'th forin of
tvekdh
Cashier's Check, Olt III juivalentt which Is 1d~bf, rejlino~ ullc u~$,- b th c `yu htil t e, ' d; Ae C s, 0
l/pdsYdefh3 ck~y pa ga d, ~iisi ae,l' YJnrr tbott foil d~ ra `~ofat~ t~
y ti4 lAt.a l'el
y
littbead to'tdd pdtthA y sah.A 'th "d1fert 1h dtii a h7 tfl~pdtc 11 F d r }
;t illbiti~l~N rKs' +m l+rElyrtr~lini! t if i yBtid N~f fts
lrMif l'k ; rpt the t t1d>ti N Wdidiff WX tNlflltiR11
A gulf S4id !bm d ii iAA(btI d a~ it' ~V~ it ihchbfi bL+'fNAdpg ~►flitm 1. h1' Of 4F:1 ht
a'f4`rt,bt0ts iffrliA b~i4$2t1'k~ gk(itt, tt
<tl lbh3'/ib~,ithlttsYIlihk♦♦dW
r't3l ' id d eaffitjb
art~ids, i t9tpcia'3tw Ana"~e~l'bl,~ r. irre'~c r b'f '
n am 'lf r~r ,s
nsu, ~r aitx l
unsuaxssful bi lI6 will is returned to such biddsis after lha'isi$ 61 rsl;dett {i+~d
j
Printed Bonds. The City will furnish printed Bonds t1ritith6graphed borders, which will have imprinted
thereon the facsimile signatures of the Mayor T)d 5ity Secretary, pursuant to Article 717j-I, Vernon's
Annotated Texas Civil Statutes,
CUSIP IVunrbers. It Is anticfpat~dll clC Si I' Id~eh~ili~a~iorf numbers will be printed on the Bonds,
but neither the failure to print such number on any,Bprid nor any error with rtspect thereto shall constitute
cause for a failure or refusal by the Purchaser to accept del;very stand pay for the Bonds In accordance with
the terms of the purchase contract. hh expens2s'i0k(a6d'a to the printing of the CUSIP numbers on said
Bonds shall be paid,(?r ttyflheLiiisy~,; prpvjdC~t hQvvyyevle , tha !¢p CU1JlPl 'Bureau charge for the
assignment of said num6ars shall be the Mp'oaEibihiy If Ahd shall be paid (r by the Purchaser,
legal Opinions, The Bonds are offered when")its; and If issued, subjed to the unqualified legal opinion
or the Attorneery General of the irate of Texafoilld McAA, McCall, Parkhurfl and Horton, Dallas, Texas'
(see Legal ~~QP3G ° Slnir?f;f W '~f fm ~1)✓ ps pg'n!°f r .plln~~r°it sir 'I i'!'ll
Delivery. Delivery of the Bonds will be made I the expense of the City at any bank in Austin, Texas. It
is anticipated that delivery can be made on or abdut 4ril r, 1979, and It Is understood and agreed that the
Purchasers %I1( accept delm-ty and rpgkfpay4te61 fO.Aq Bpltdr,fr(!1ts/rrlvflatrly available funds to the City
on 4pril3, 1419; or tht+reaft4s! op the date the Bonds arc !endefed for delivery, p to and Including April 26,.
1919. If rot any ressoh tft1 C 1` is UR6610fo anu tsit fi&ds roeddhi~ oa delivery, III
April 26, 19790 rilcn'
the Purchasers to ay accept d,aive~ry thereafter aI thdr option for an additional 45 days. Tne Purchasers will
be'giVe flvt bosindA'dijJs`'n'AtI9 6f Ihe`(ilhe'hxbd fo 'dellva of thb'BondC" t,
X11 !=%.,L tt ale d~ll j •4?•?1 A •I..IT .I t qn lr) ,tI ' I;l{ t t 7 ~
{i Issuanc'eofAdditlonp!Bondt.:The City does notpresently plait to Issudadditiboalbonds befdre1981.
Id*f +(':Y'+1 11 J' :il. f l : '1 'ftJf1t}\, ! II 1 1;' 11hr'.:'I'Ifl! 47.t E..)
Responsibility for pualt~teat1 7 la l s r J of Bons for Sale ~nl) ke1,rpecrlve~StRtts911 I
. ltilte'ily assumes no
reiport ZOlly fdr.qualifscslibh'of the Bbrds'undeNk sWdritias iaweg(doy jurisditiiob hl',*Nch the Bonds
may bi sold, assigned; pledilod t hypmhofbted or otherwise triniferrel.iThiif disciaitt l o(sapoasibillty for
qualification lot sale or c,her disliosilion of the OoKis shall not be construed as an InterptelatioA ofAnykind
with regard to the availability of any exemption from securities registration ptovillons: '
i,tJik 801'{,t.fJt,W)a d
),kill.tl'!1 t.!I?i 0(,? ".4ftt lit. If <)r~!411 ' t1 'tCA't1
t'.. r,lr1 ~L' y .t
vi C6a,fge in Tdr&rmpi S►atpdt At ahy',lime l.tf6te tho Borlds pre'tendOod fordetfvePyt the Purcl+oW
may, withdraw bit bid 1:%6 Ifittrei moil Id by'prlvate hbldlrs from bonds bf the? sahie lypt mind charp.O&
shall be dedOW to bolaxable inconti uadot present rederol ii:coma lax laiv1;23the b~ ruling dithe lnterh4l
' ReYA{rubBeWke nr by+''isdolilii!',aF OFt'~tyFodetai carrlr'Qr their be~eclatodtpxabld'dr re=quired la bf taken
into`.aomrit 14 tolnpotjng ai',yi. vl MOW tisxay ~ the tormm of Mn# Peddra( income sax islw (,rlacltd ;
bboquet)l'16 *,date Dolt this Hgg?~P'of.Saie a BiJding instrbrUofts. .~!E v,:il.,rl ni eitr t, tilti;t'fi'
)t iiiO{~' .tfl tell LL,,~ f).t7t~lt' Sit J 1f7'f tf' x 0? Jt rr ~ ktl )l/ t3h1~,R tJ i ~)i71 fll+.c ltry.J ls)119 ~'ry t, IlY
~tarings, i he of lslar~d ng entra~ ~l*igat ohlion ~so f rha Ct ty are rate !;A,l~,ky ay,>f ~~'Key{ ,
Service, Inc. and "A+" by Standatd bt Pcor's,Corporation, The ,outstanding mitt en Sew system
ROgo ee BdW* ayeYittd itAV, by Moody'd area d'A" Iiy Standard & Pogr'arApp1iciti6n1b&ve K ~ dWe to
sash of that abovoialinga bnciesfde,,eonltabl'ralingi'onthbGenital10bli anonHOnr}tr riey'tb',,`Yndth!
Wafer ahd,$ewer,Syllorn ~evehue 8drids, SdrWI979,'now Uing offered, The rquttsbrthelydcrermirallos<i .
wi3ilbe OmAded:as looms pbeslbl0.tlsi I t91.1,;(1 t,p lo'.. hl 4iu4;'y1 rr,,t''Ihll _,,I f 1111; 11 ,lJi!( rtUinl);rl ~l ~I
,111 rt tHil!'S A" raf,•J ~~'~1►pY S'!I I'll lf1? fELi° I " !b Slit fit lf~'t 11g1 C't) rvi lr" t',i A' ):7urrl 511 l~}l:.I 1,ry t. ~l;r~'f t,,.. ti.
~d~~ianaS 1~5f,PlQ i~~t,•z+%m alKlfPrff7gtto1t~j,n9aPra9fl,q~fopfS,4., tl#
Notice of `Bon a e and ding Instructions, rite clal d ~orm on the 0~i1110lal .itatements, as
available ovttudod'ssbove the n4Flstr;l inailln'pp,tmry'b4 opldlnedlal1Ne bffs* of l+irItj,$Obthrre►tCoihpany,
Investment, Banktrs,'900 Mettahlili Bank BuiXipgt'1Jallat„ tenait 73241t,Financial AdvllGtrtq the City:
,fY714/ll' tr 'r 1, f t ! t (l ll'I 1 t.. 'tt;~ y'I t r ' ) ff f)!!i ~1 u) a; livid i119 11 tai} f1; 14 'l,+sr'r) r'1' '%t'`)
~t.~tPs1f,1~7~iprf~1,~1 tt~if!.i4Y w f~u(r1a~,ttv,lrsha3c,t,.rt~h9y~ F„wv;m lt~~;,Cc,1
tytfly; t ItI ®r ,copfq ,a A YA,I 4pAts 94 mtQ¢m~rll,t tAp1gt4A~ *
, p,(►#,t4~!4rNl
leits.11144~ 91 1 het s .ftl t R$ do t 1 fl~9 gr(ng. [1~p, P,Q II•;IIA ss AASfilllity 4~fPpt4 f i hli,Rl~tt i/1~4.nAf
rl~t f~t4P~yp'In~+~-.`t{111135`4qu~rS3W,4.t0ilh~r},e~,r~1RFa~h►~,~,,41~
q$► i9.P!~unrifllKlfr,f~~1Vpl't~.)ltli~C4,K~p~~tP~tPf
~f! I~~ ,te,~~tn4 laN,gl.49,IS SAS 11eJi►4f fl, .•1 ~i,apt~, f95 AtIP,0,if1at4d0, ffieRli.In I
9 ..1f3f i1,+M3t!Rlfs 4, i4R nsibl~tY,ot,o6r'$gt1A1,fRrltt19~~11rT11 1, tdl,S~'+frYrAlf 9n?f0if
copies to anyoaw oilif,.,t~'lyiE~I~~~atsii' rrrltsel~t)l':,;'rlaur,:.r t»ri".1~r1 yhlllti mlbt;{edle~lre~r,ualr~
1,4
{ N 4 .
t
CeWfleation of OfJklal Statement, At, the linto'efspayment for and delivery of the Bonds, the
f urchasee vili be furnished a certificate, executed bprpper officers, acting in their official capacity; to the
effect that t_ the best of lWr knowlglgy and belie : (a) lligg ~esfrl~t'979* 111 elements of or perteirrira le the
City contained in its O1IiCEaI "Mate 'enf ldaf Fob dart' 3,' 1979, 'a 'a'dy addenda, supplement or
amendment thereto, for its 54,500,000 General Obligation Bonds, Series 1979 and $4,000,000 Waterworks
and Sewer System Revenue Bonds; Series 1979 on the date of such Officlal Statement, on the date of sale of
sa€d Bonds and the scceptance of the'besl bid therefor, and on the date of the delivery, were and are true and
correct in yll material respects; (b) insofar as the City and its affairs, including its financial affairs, are
concerned, such Official Statement did not and dotlf hot contain an uhtr,M sl1'tement of a' hfaterial fact or
omit to staie'a inattrial fact re hired to be stated therein or necessary lb Maki the sutementif'Ihereln, in the
light of theeir4mstances and whlch they were mnbtt not ndsleadin` ;'((c Insofar as the'dtbcriptions aid
statements,l lrlc uding fnancia tits, of or pertaining to entities, othit thkip the City, srid'their activitles
contained in'esch Official Sfaterfient are concerm4,''such statements"a:1'd data have been"r)btained from
sources which the City believes i6 be reliable and that the City has no reitibo't`obelleve that ihiiare untrue in
any material'reipect; and (d) them! has been no rna(dr)al adverse change 'M IN iinaacEal Condit Zit of the City,
since Seplein6r 30, 1978, thr; ,Ke or the last audl(e¢rfnancial stat.,hehii 'of the City,
Not an Offer to sell, nit 3 Notice of Sale doet not alone constitute w offer to sell the Bonds, but Is
merely notice of the sale of the BGr:ds. The offer to sell the Bonds is being -Made by means of the Notice of
Sale and Biddlagg Instructioni;'thtOflicial Bid Form'dnd the Official Statemehtr Prospective ppuurchasers are
urged to ca'refolly examine the Official Statement to' determine the loeslAitnt quality of..thb Bonds.
elf
The City, reserves the right,to reject any and,#11, bids and walve itfCfytsrities, except ~irrte of riling.
On t64 to of tkal sal~o hy~City Council w 1~1 rao(udon, a F Al h corm I1rj"'' ntenl of the
Orrtial $1 4 ent; an'd Any a 0 P suppltment of a1A idmeni theret n~ Aul~otite ry f~;I I use In the
feoffering a Bonds by t 0,rujchaser,
HXri 1' rf e du%t',rt flit ;
1
r21~i IMry',}1 ~;~tullt/jc.c.r•v/.
r1S'~l,l>,j 1,1,E JOB M17COIELL
r'T't~t i'ifSta^ ,?Q10'r! ,i:i✓1'i'/iii r/it,a:l~ `t'N114r? 1W'a}r" I A70,
1'or
:.•J, rfl' WA City, ofll P16, Texas
1M9 t JY7,•, Jf fl}f.~{ Y74h ~ }t I;~:In
A7TtsT:, rY' f I,rF; rs rtr ra, , n1l .YiElr Isrl
t
iFr F
F
i
BROatcs ~~4~ , Frtf' FSt?f
r?at ~ '~,r. 1,FF r.tt~"'xl,ly,'i1 F.};r<JI
t,;u CNy Srcrelpry ~ '
orDent" p legal Frr+sr ~,',,r,1,1 f ,,l
February l')eA979
~I, rt ~'c'S~.r iJ+,i fX1i1?<< (VIII
rC,YI f
i~ri71 r t: l ~f X1.1}1 lM1i! r!, • tl , • r ' , f
It'c i )(i,i F ,)L r:iV f"i,S I M111r( Ir001
.Iel ;;F.,Frc ur t+~!~~.FY~I',S +~,2~~5 'ty:l
n', l,'1't'.4'rt•,i Ix/<<<rC Nt,ui i',
%tl1 tir.,r +'f•{"u v,V41}fl,r k( j',
rai t . 1,
tr<.+,:,r.~'E,~1. 4('1',1!petf l1fl},~',f ~pV,,
k'#rt;1 Vlf.,SIr11F, QV0, SI 1G I01.t:! 1
kGi'I s{t' 1_?I, tP~,1
ii F.4 Pit,l., INri~.r,Gr I
t.FIJ
( 1 4'vv
tXi1 trf {rl 1r. 1P0 14L?",1
>t'~'7Y f. F.l :.r 'thlpll:fl Mr,17!/ti
1 Ili k. '
' 4 J
}S6 v, y r 1"R Imo!
MIT
1^tb ^ K Mw-~' atl ° 'r~~1r L) ,1111, 1r fY r, ~v :9. Y~i
~ r. rt . x, i^' 1 r, is 1 t t ~ A l 1 a
*NDIEA
i, r, t { r r., ,M ' ^ 11.1 Yl ^•II I li Il :lill'•
~k'A~,r4j8L~~i~$4
Yrlikl/il „ lead, YeV1 , , ° Bow year-.
Ytrr AmAaul S~
44SSQQ . r 1 ~9Y1 l
450
19811 ~~225,000 b7S .11x11. • 1 8~,
22;,000. 141st
1982
1983• 32qf,400,~ ! , 3~150 i , ,,1984
111'111 7 ,M9g4,. ).11Y3 :ki I~~. ' ,,.,4,r ;'t :IFI!It I~ 1983.1 ,.VL, 177
}Q
5011 _Il J Y96 i~yi la,,r
r ~ ,isy5~ r ~ r~6A 5.,, ► ~
, 1pBG ,,,'22SAQ0., - ~ + ~ ,57 {.,,,.f~, ;r,k•.i,•
3'3000. 90
„a95?,.. E. 1 ~ '.242# ' 1911
1988 t 118,081411 ,2.S0,• 12,150
1989 223,000 2A75 ' r ? 14 625 't 11990 r
`.1991
r+~,-:~11990''. ,_•1 235,000" t 1 y 17325, ir, '
~'rtl99f !215,000 ) I +r 72,70925 0 24 , 0250 I1,i99x}'r.,
k
i7~~1 2'~ ,-lei,{ 1 .1'123,004' 23AM ~.!t;li, ra JAM
•~l,,rrtl .14931 rki:.~+)~ a„215,x; 3,13(1rr,; 26,713 11994,
1994 225A00
, , s,1 l+r ~ 1 „ rsrr 1945' ','t !
225,004 i r r rr bu.1;; r yc t. . r 30,3
r ~€19g'S'~',f~ .:arts,. ,
11 ' ~3~, i, ~ ; { 1r, ,111'11 1 Itf)
Ifl+h' Y1,u f t -t; 'J.{ ~ ~ , , ( I,~In r I lil7 I 1
j {tl i7~li 11)11
Jill ~il.ti/ll {
yy199195 2251000 4o 511,7570
1400 223,000 723
Average Maturity , 11.500 Years
S4,000,000
y ttkt ~
WAT~1j1;Nl) SEWER SYSTEM REVENUE BONDS, SERIFS 1919
Aecrtal~tel
Years tr;:.'T ,r ,,n',tipitedMll 904Seuf Year
Year
• . ~ 233.333 ~ ` 213.332 1981
1981 5100.000
1982 P3.333 51 A„ (,All 1982 i
0~ 999,499
1983 {0000,
1,5931 r, i
19" 100,000000 $3 .333 5
1 j~BS
225,000 1,424.999 1,0411311
1985 '
1986 1250 1,649.949 4.08,330 r,rtk,li1989E~l trrtr7:{7":~
1987 225,000 1,874,999 61483.329
125,000 2PA,999 k683,328 1982
1988
198$ 225,000 2,324.949 10,008327
1984 20549.949 13,08,)'1 1990
1990 225!104 2,774.1 16,233.323 1091
11991 225,000
1992 223,000 3,224.999 11113.324 1992
, 1993
1994
IM 225,000 3,449.999 25,90A.321 1993
944 24 s mo 3,674,999 39,563,521
1993 2. Ko 3,399,999 33,4113,320 1996
1997 2151000 4124.999 37,6011,319 1948
1947 4,344,999 41,951{•318
1998 225,000 4,514:999 46,533.317 1999
2 225,000 ' 81,333,316 2000
200000 225.1100 4,799,999
Avasse MAiurlty :.............l..r........... ,12.133 V ears
.
OEM
F .
~~JE h: r n.4 i k ir l~'~I" y. ins y,• S ~ ni.1 v' qu
OPFICIAL'BID FORM
CITY OF DENTON, TEXAS
(S4,S00,000 GENERAL OBLII;ATION BONDS, SERIES 1979)
Honorable Mayor and City Council March 6,1979
`City of Denton
Dcnlon,, Texas
Oenllemen:
Reference is made to your Notice of Sale and Bidding Instructions and Official Statement, dated February 15,
1979, Of $4,500,000 CITY OF DENTON, TEXAS GENERAL 0111-10ATION BOND'i, SWES 1919, both of which constitute a
pail hereof.
For your legally Issued [;.,nds, as described in said Official Statement, we will pay your par and accrued inicres,
from date of issue to crate of delivery to us, plus a cash premium of $ for Bondi maturing said bearing interest
as follows:
A"fif Maturity Interea We Amount Malorlty laletral Rafe Amount Matarify Inferto Raft
$225,000 3.15-1981 5225,000 3.13.1988 5225,000 3.15.1495 %
225,000 3.15.1982 % 225,000 3.15.1989 rti 225,000 3-15.1936 %
225,000 3.15-1983 % 225,000 3.15.1990 % 223,000 3.15-:991 9G
223,000 3.15-1984 % 225,000 3.15-1991 22$,000 3.15.1998 %
225,000 3.13.1985 % 225,000 3•1'-1992 % 225,000 l-15-1999
225,000 3.151986 % 225,000 3.13.1993 225,000 3.15.20W %
225,000 3.15.1987 % 223,000 3.15.1994 %
Net interest cost and cfieaive Interest rate, which Is Informative only and n t a part of the ,,bove bid, is as follows:
Gross Interest Cost .
Less Premium
NET INTEREST COST ....u • 5 w
EFFECTIVE (NTERESt RATE {
Chock of the Bank. in
the amount of 590,0110,009 which represents our Good Faith Deposri,(Is attached hereto) or (Ras bm made available to
you prior to the opening of this bid), and is submitted In accordartw with the leans as set forth In the Official Statement
and Notice of Sale and Bidding Instructions. Upon delivery of the Bonds, said check shall be deducted f•om the
purchase price.
We agree to accept delivery of and make payment for the Bonds at
Barrh, Austin, Texas, on April S, 1970, or thereafter on tht: date the Bonds are tendr(ed for delivery, pursuant to the
terms set forth in the Notice of Salt and Bidding Instructions.
Respcotfully submitted,
By
Authorized Reprejenl4tive
ACCEPTANCE CLAUSE
The above and foregoing bid Is hereby in all things accepted by the City of Denton, TexaS, this the 14h 16 jy of
March, 1979.
nT rw:
Alayor, Clr), of Denton, r xas
City Srcrrrnry, City of Denton, Texaj
oeet,to
Return of Good Faith Deposit is hereby ack,iowledgedi _
By „
1~ I y~ ¢..4•; Hilo l yal J ~ ~ M} t y,.,. ~
..rr~5~' All TV, Y;uY ~kp .
~p,{~~1
,l Y kil r, i~1 r 1 f f''11 ~s ~'~I 1~~A ~1~.■'V~i~• SII r= „~i~S! g~~~,~1~, y }+t J.~:4 ~k
^ 5t"` ~ 1 TXO~~
p WATIEIt iHb SBtZ SXSTEl1 ~Ylr".NUF: 51
,1 a~~ '.~11411brable Mayor and~+Ci(y 7
C9u'rkil
~ily df tkaFon d ~.I 1
J)ttlllgtli TOANS
K orenee:.Is mid. ,ip gout >4ol,t ,of S (s and Sidd 61 laslrue}lonj and Of&IdStk,mehle dgted FcbWary IS,'' '
190%6f $4,OOt3,000 CIL OF D r+
ttfTlD, Tex'As 'rri 4vb SEw:'lt SfsTEM„Atymo p BONbs,SERtE) 1979, bat a~ty~ilch
Q1411lute a prri hereoff
r: or yot►r to ally Issued' nds, as de iW fn'sald Oflicioi Stattatcnl, we will pay you pat and accrued inleresl
f r o n t dais oC 11eu c o d ate of ellv4ry to us,`plus a cash premlutp orS , ,..,for Hondo matptImS and bearing Intef4t
~11 1'Wl'+R di ' n, f `i,I , 1 ..ar L. Lb " I :.,k r L a ::w 1 ° , ~ * a +A
A,p Rlof oral Rite A,ma~l Kiati ~t ,rr ~ lell~iN RitlLli
^ ISfiJ0,OG0~ ~7.13.1g81 '';,~y~~, ,S2 S , i''1 .r14B8 a_•g 7S~ ~ ~!'S~~`99S .
'1,. ~1 ,000 ~~S•i982 :..-.~:9(+ .y , i'i~)rF964 Raµ , 4,' r ,
Ar ~ .I ,ig8~!,, .•...,;~.,.9G ,~•rs;11i~ ._._~.~.i..~ s ~'y. ,>/~al}^1~~ t - 1~~}
•I,I~ + .~.,~.i•rL `
tool r ~t• -1 7.15
~,G~q ►198l, r' 223,W0 ,~7•IS•l49 4; .;r2,, 7~15.1909. 0,.~
S,OOQ - 4086 46 22$.000 f-0.1E 96 2~,c(fbdC10 7.1A. Pp0
°1.1 ~r 1097 ; ; 96 233,000 7` 13.1444. 94 ~
10
Net aterest cost and effective interest role', which Is~Infortnptive o'ply ltht d'oi it part-of the ebova bfd;~is'k3 fol(o~s:
`
a rosi I Me rest Cost , + $
i
J~fl~~~ r m~~✓" ^E, Lts.~pf~tniym „.+11 ,,..f r,fY+rl )M Ikd Tf 1+ r'll ,I +l, r, it ~e +)tati 'I• ~w.V . n, r rr 1+ t' 1~~~~':1~
rY•, f ~ t~l~. R f~11~G,l It'{ E ~~C~aT1, Y,I~i. iYi,,~.,f~IJ•~}, su 1v7s1 .~1YU 1.11 ,~f,,1 ~ ~ `rrW.~uyr... s4 uiE
trrCOW INTER9$TRArtel,,,,',441,~.0.,0
,,,.c...,
`e' tiw ii o n of BB
i~,~}~4!1,;hich r~~ ur f#~f~d Feat ~pa1l (iii ottachcd }ICie =o
}~at~{hes e~tn~h s blo tb~~"
end ~qN to the 5 pept oDidIs b "prtd+i iiub ttlod in occur e Wt h.lhe tetra RCfath'n; e 0 Yl„{atemin
~1 strttct ill,„ , dearYa
t tBonds k hat
P (1 ~ ft q po ~ , ss F ffJUCibY frp I+f' ' s '
ai.r a" r r r,'
"disof h~
Y , It k ,1
{ f~ R6r4e to amp! I e ~ttynk'tiF f~ t ,9o44 w- fo de w'
tin ~exe ni9~grdafE~19"th+te tea
~ os«ds ark.alw °1 . p+tn>r t 1Qth'
1ltq storm ttt NA dfilb iddin;l tuctionl• ''<<'~
♦t~ r• 1 r J18+ >'!r r I "'P l ,r,9 L4` :N ~1 _
I, sq~, ~Ll.a rA'~h .t rrrl x~'il '
' ~ I~espect~ull sakmitt~f ' t t ~ , 4 ~ Lz p
1 . 11 iu bt' r I. d I I , +M t 1 . S ~ + qyl y+:.~ r ~ y L. ik 'S i ~ +~'d~" ~ ~,t, %,Q.i"~ J'..y ~ 1
J fl 'f } s 't e ~ jJ ~ . J .
I
4 p { 1~ L~'~ 44$' r n r r
L'
1, _ Sy ~ 1 :f urhorl: R rrsRnlallve y i'
I!. "`e a Lr(~i
A . I >T, J Iz~ t r p + t Cr ~G y 'L+ J,I t✓~ }'.R rv- '1k 7 'F
MR,~ch i ! ~y end forcgulA 6~id js hsrt by ~n e11 thins yllapte 6y :tie C1tl~ of dt$n, Yei s.-Ill s O• t h dal, of
14,1
4
l s , r "ru r Oyer, G1'rp 0Jllenxai
C?rySecretary', Co p0 Drnfoh. texas G 4
I1 v + ~ , ~ ~e ~ r ~ C,'1 7 v ? I~
t u ~ ~ Y t / I
Rle rr of OOd Faith lkpos,1 is hbrabysickndwtodsdd
~r4~} IM r2~ ~ ~ I ( L A' 4 41 +'JA ~'.,Y M ( F f'1 IR Iif A I n,l
J~~t+c rl +I"rfip6 ~iy ' '~5`.kt7~l I~ C, p ! ~r . i ~n y~+ ~tlG
• ~~~'~I f' 1 1 1 ~1l f d
'S~, n ! , 1 f a+,~Vtk f v.l ♦ , rv ~ ~ , t.F"
lit '~.I ,7 J.. x A,^' r cF 4 t
Id, 1 A 1 1p Y.,'J „4 .r 11l 4 4 I'. V 1)n.
-777-N'
, is t , A t 1 .
OFWC11ABID FORM
CITY OF DENTON,TEXAr
(54,500,000 GENERAL OBLIGATION BONDS, SERIES 1979)
1(onoraW Moy:.r and City Council March 6. 1979
City of Denton
Denton, Texas
Gentlemen;
Reference is made to your Notice of Sale and Bidding instructions and Orftcial Statement, dated February 15,
1979, of $4,500,000 CITY OF DENTIN, TEXAS GI'.EMAt. OBLIGATION BONDS, SkMA 1919, both of which constitute a
part hereof.
['or your legally issued Bonds, as described in sold Official Statement, we will pay your par and accrued interest
from dale of issue to date of dciivery to us, plus a cash premium or $ for Bondi maturing and bearing interest
as follows;
'""111 Matnky Iatere.t Rate Amount Maturity IntereM Rile Am(*m Staturk) IntereM Rate
%
$225.000 3.15-1991 $225,000 3.15.1988 S225,400 3. 154993
225,000 3.15.1982 % 225,000 3.15.1989 % 225,000 3.15.1996 %
225,000 3.15.1983 % 225,000 3.IS-i990 % 223,000 3.13.1997 %
225,000 5.15.1984 % 225,000 3-15-1991 % 225,400 3.15.1998 %
215,000 3.11 % 225,000 3.15.1992 % 225,000 3.1S•109 %
125,000 3.15-!966 % 225,000 3.15.1993 % 225,000 15•; AO _ %
225,000 3.13.1987 % 225,000 3.15.1994 %
Net interest cost and effective interest rate, which is informative only and not a part of the above bid, is as fullowr
Gross Interest Cost $ .
Less Premium
NET INTERESTCOST,
$FFECTIYB 1NrERF.S'r LZATB _
Check of the Bank, in
the omount or -$90,000.00, w'nkh represents our Good Fait4 Deposit (is attached hereto) or (has been made available to
you prior to the opening of t iii bid) qnd is submitted in acv+rdance with tite to; errs as set forth In the Orfivtol Statement
and Notice of Sale and Sliding Instructions. Upon delivery of The Bonds, said check shall be deducted from the
purchase price.
we agree to accept delivery of and make payment for the Bonds at
Bank, Austin, Texas, on April 3, 1979, or thereafter on the date the Bonds are tendered for del, very, pursuant to the
ternts sel forth in the Notice of Sale and Bidding Instructions,
Respectfu!ly submitted,
By
" Aurhorlred Representative
ACCEPTANCE CLAUSE
The above anu' foregoing bid is hereby In all things accepted by the City of Denton, Texas, this the 6th &%y of
March, 1979.
AT?F%T.
Afayor, Cfry of Denton, Trxax
Clri Seeeftary, Chy of Denton, Tezar
eeeeae
Return of Good Faith Deposit Is hereby acknowledged:
By
,a
~f77, r.. a ~ % i~T~ e p '
CITY CIF DE:NTONITEXAS
t,t.7rl;J It$l I,''IIJ,I'~~ sri?IIIYI
hue (":f`l ,,)fYr}.,Jblrull tov1l:+;itl1! _:r;uJ;l i4i-+,'u'.",t!
l"'('I -r,n'r, 1 nur:•rr' r,~'~''` {r~s 11:;lI 7!.4Y,i^r1'r.4f
CITY COUNCIL
,:I.' l I"rJ ) Irl 118t I
JOE MITCJIELL Mayor
I, Mayor Pro Tem
MARY CLAUDE GAY e I,.,, I•
I t l
BILL NASH rra 'i . 5 , t: '
. +i
RICHARD STEWART . _ •....^.....Y.......
r ELINORHUGHES Cou^cilwoman<l
ADAiINIS,'RATIVE QFVj`(', i!I!q''"'{erY „ 4 r;flrAm?, Imr: Y+rn},.
>
r~r!.,It n(~!elln'!Y11i1',.y.1?c^r,rl!ur.Ilc}Irrl,..+n/.
% 1.p „rr. rill! 1.,'J 1174JO/J/. 1/)!r. r~i lal
f Nine
1 ''+-1FTaiir?if~{~ttr~.T?*T:r1~ ,~:r,ln'.11uFll,~~rir lii~F',
t 1 1 ~ Lx ,ol'I
CIIrIs Hartung Cl~tyManaB'r
JaCk Gwen "bonFl rlnl!, j u(1 lr~s'EilftdnTClly'M~~d IN ;rl't)l Ui)(I Ir~lt r.l lJ:a
&
"Ic3hgCbl~' ry t II}1e gua'Fr.tl:t~urll
H , ~ a k~t,r ar'4nu1r11.'N)rirl(~}ul!:V
W A. McNarr trr nonce
e blr actor
Y;r};zra ,;il II. ~1i l~l i J11
lr J C. 4,elson.._ _ . . ditCilAR; I~ ~lll> fisr}„)r tmr, 7)It;'JJ `rrtii7(:r fuJ,
e Broolu Holt, City SeC(etary ~i,~rr 7'{
Paul lsham- +hm;f{ ^J Clty'~t10rnCyLrl. r ;c Jl1u „nt;ltr 11»!r,~rntnA
I
01 . er,luA ti,1!:'71 tirUmrfi/.
01 001104
uls;ail Y7N)"!, Ifn.. r>1s'J/ ,rlrr~~h~fiui,',ll rJinli? id's/l Ir_,SY,niilr,a
Jhcni 70 bn }r111u ~ nr, ~ ,'rrunui?
Itf IF, l _ b ! ^ ;Jtin`I rliul»')1 (t .
I.'AI
. ..CONSULIANti9 "jiJbll 71r1)tnfl0,.,, If1:JIM}f )fi tJ'}I I
IJitr', r!oiu )o l t10 rd 1.
u
471. 70f`.. Id
OR , Dallas, Teicas !4~.
EXANJ)f'.R CtRA1VT do C OMPANY... Dallas Texan inp on
. )1 P: t! 1',I ,f,A,htl IUlr.,.fkUtl)16U1~11•ll fi rnll!l.irn :j'If1
f9"I)r^'~Ih I !4t11111'J 7r1.1) 'J lr,, !111:~7 I71f 1: +fl Gi4Ni(I ~L',j'}.I
;i ` I+. J't ^i l'r {,Ii SI.IJ I1GY,IIV1 h1t rN,')
ff
7{Y rnL'}1rlr'r,iJ^i~l(t )fiJ hvih;}i3111~.I
}'INANCIAIVADVISOR9,•.~', 1, I,nl J'.'J I n,l Yn';rnJ1r ✓ h i:,ni r 0
Y.I,YiYlrl.q bn4IRSVSOUTHW1:.9i'rrGUA'1}'A> ,X inl-1 7h'Jl1j,I "1!,If,(j 1)I(*1 )f!I
Mercantile Bak Building() Dallkil,ri' AII0201 ol.q )7':.0,I'Jr,d rrr,rtYhn)rru:
,
.
, -y~✓•~1.. ,fU ~C..~bl ~.,'~1.~' t r. f~f. ;•°'C '~vr ~4-F- 'F .,r~~ Yt. .',',0'7~ ,r't rr r
.
1,'QIrVI OF4)FNrON1 TEXAS I
OFFICIAL STATEMENT RELATING TO
S4,5Iq,000 General Obligation Bonds, Series 1979 and
;4.000,000 Water and Sewer System Revenue Bonds, Series 1979
Ill,' ill, r `,I ,
TABLE OF CONTENTS
!III i ! ~ Piro
t 1
DescriptionoftheGeneral Obligation Bonds
pt ion of the Water and Sewer System Revenue Bonds 110
Descri
Valuation ohd Diehl Information ....,I 1
Tax Data ...............................................................t:.ti.r...
1978 Assessed Valuation - Classified 4
Tax Rate Limitations
Municipal Sales Tax 4
Estimated Overlapping Funded Debt Payable From Ad Valorem Taxes S
Yax Rates - Overlapping Subdivisions S
Top Ten Taxpayer. S
Interest and Sinking Fund Managemniwt* ti+'I'tv►ttrsv+ttrcl~ S j-f Anticipated Issuanceol"0eneratObligation o s. 6
Estimated Assessed Valuations...,, .r 6
,;r•r .
Authorized glut UnissuedOeneralOgligation Bonds 6
Procecde ...................................~~.,..k.~J.1.,.I,;~.....•.....................I,,,•, 6
Estimated Debt Service Rec ujfe e~>,Sm,¢;kfAl Obligation Bonds i,,,,rtl d,I , 8
Water and Sewer Systent,0 I. 1lfi ,s~'}!~(!]9inr4 Y ' slra a ,
Valueof'he Water and Se' r E$t ..........J1 ,l~'? i~~ I t o . , 8
f. •Ii IC. I+~.'.ykltl • 9
City's E4b,,%y In the System .
Authorized WrterandSe,ver ReVWd Bbridl :'tl .t:ar ..t„}i 9
Proceeds Ai l.t~x,iv.~ ti ) 41).,, J.,II;1i....... I...... 9
}9
Anticipated Issuance of Water slid Sewer jtevenue Bonds ....................a,,, I•Ik.:dl...........................
Monthly Water Rates......
Montl•i Sewer Rates.. 10
Descri pt ion o}' the Water and Sewer System 10/ 11
Estimated Debt Service Requirements, Water and Sewer System
Revenue Bonds 12
Summary of Certain Provisions of the Bond Ordinance 13/ 17
Ekmtric System y)•Y i+l~Y'(3'}.................. 18/22
,
The City Location and Economic Backgrot~t~1 23/29
y'
hggibill4yas~westments . 30
I(11'~~fSitG~ti,'IJS{•'ff'I':i>►~,y• ~
2a'{I~is ,r~~ l r lL f
Li etthption . ..c.r.3.t.. 1... .......t...~...+.......... ~ t 111 r.. I ~C
7b'i►,
I Reg;stration and Qualification of Bonds for Sale 30
Legal Opinions and Certificate Concerning Litlgation;
31
Pending Lirlgation.,. .a 30/31
Autoenticityof lnancial Information......... 31
Constitutional Amendment 31/32 y
Certification of the Official Statemert 32
Financial Statemems for Year Ended Stpt6Mbet A11918 t Wit.46.-I Appsndix
The cover page hereof, this OijF,'1hk'>i~pfHdltl~Iltdbttrd [WididilanJ any addenda, supplement or
amendment hereto, are part of this 0frAlglSIAlfR~ett1,!nm .'ru•U -41,iw,ji,Ii
d
vc erg r'
r ?74Lf 4fflrlal ,5rorehttnt ,-vs not ro ,rltare an of
ter to tell Bclrcls in any JurWkilon Io avy person to
whon It Is unratVrul to make 16+rh offer In tuck Jurisdiction. No dialer, salesman, or on) other person has
beta eyrhorized to give any deformation or make any representatlor, other than those contained herel.n, In
ronnecNun %,Irk the ofrcring of these Bc.nds, and If given or made, jach information or representation nt:,st
nor be relied upon. The Information and expressions of opinion here'n are subject to change without notice
and neither the delivery of this Offlclal Statement nor an)- sai'e made hereunder shall, under any
c irrunt.srances, recate any Inrplicatlon char there has been no change In the affairs of the City since the date
hereof.
OITIciat Statement
(Dated>:ebrutry 15, 19''9)
INTEREST' f:XEMPT. IN THE OPINION OF BOND C'OUNSE'L, FROM PRESENT
FEDERAL INCOME TAXES UNDER EXISTING STATUTEt.
REGULATIONS, RULINGS AND COURT DECISIONS
NEW ISSUE
$4t500,DOO
CITY OF DENTON, TEXAS
(Denton County)
GENERAL OBI-,CATION BONDS, SERIES 1979
r
Dated: Marsh 15, 1979 Denomination; $5,000
r
Principal and semi-annual interest (March 15 and September 15) payable at
Citibank, N.A„ New York, New York, .
I or the opk T of X-4 hidr at r
'FIrdf' IGritr ► l - r(6, da 1 1, ~ >ta~. `f
First Interest coupon due March 15, 1980,
Coupon bearer bonds, not registrable.
Secadt), for Payment. These Bonds will constitute direct and general obligations of the City, payable
from ad valorem taxes levied against all taxable property located therein, within the limits prescribed by law,
MATURITY SCIlEnULE
Am" _ MHortty RAN Vidd Amount monediy _ asst I law
5223,001 March 13, 1981 5225,000 March 15, 1991
125,000 March 15, 1982 223,00u March 15, 1992
225,000 March 15,1983 225,000 March 13,1993•
225,000 March 15, 1984 223,000 March 15, !9940
223,000 March 15, 1985 223,000 March 15,1995•
225,000 Mw.-.h IS, 1986 225,000 Mrrch 15, 19964
225,000 March 15, 1987 225,000 March 13, 19970
225,000 March IS, 1988 225,000 March 15, 19980
225,000 March 15, 1989 225,000 March IS, 1999•
i 225,000 March 13, 1990 225,000 March 15, 2000'
$Bonds maturing March 13, 1993 through March 15, 2000, Inclusive, are redeemable, in whole or 4V
part, on March 13, 1992, or any Interest payment dale thereafter, at par and accrued Intetcst.
Payment Record.- The City has never defaulted,
Legality; Attorrey Central of the State or Vitae. and
Messrs. McCo;!, Parkhurst and Harlon, Attorney;, Deltas, Texas.
(1-tial Opinlon printed on the Bonds.)
a Delhrlyr 'Anticipated on or eb0ut April 7, 1919.
47
i.,".~~ '~:y'~`A~. .•4•~i~ ~d~ Vti' ,e~,v e. 7~ ~1'ih.: l•C}-~ i~+~ti,
~F 1,~,. r '~",C `y~`r iY
l
This Official Poleriteki d4I
o~e~ In such/urlsdlctlon !Node rtdalrsmunj+orcan) Qrher~r,on hat ~
make uny representation, other than these : onrained herein, In
N hurt it Is unlaNful lb
o must
been authorized to Ic)f any i►lforntatfon or h Information or re rt without notice
unn_r lion with the ojfi'ring of Cheer Sonde, end (fRiv.n or nra,:e..vu(P
nut be relied upon, The injermJ frnOndr ~pstatement (nor! apt), esarrin le arradeb)hereunder shaft+thunder any
and neft,~er the delivery of I1
that their 5ar been no change In the affair) of r1:e Clip.+fner the dare
, create any' Intplicatfon
clrcu+usran; re
h"'f
01Mclal Statensent
(Dated February 14, 1919)
INTEREST EXEMPT. IN 77fE OPINION OF BOND COUNSEL, fROM PRESENT
FEDERAL RGULATION.S', RULINGS AN k C(AURT DEO ✓NS ES
NLW ISSi F
A RF.VFNU^ BONN
$4,000,000
( CITY OF DENTON9 TEXAS
(Denton County)
WATER AND SEWER SYSTEM REVENUE BONDS, SERIFS 1979
Uenorninatlca: S5,000
Dated: Much 15, 1979
Principal and seml-annual Interest (1anl-ary 15 and July 15) payable at
Citibank, N.A., New York, New York,
or, at the optiotrof the holder, at
~'r,FsJ'tti1~;ttiQn~181►n1a ~i~all~sl:~?NI141P,~rdi~r I i
First Interest coupon clue July 15, 1979,
coupon bearer bends, not registrable.
These bonds, authorized at an election held May 16, 1972, will constittu~erst plien l on obligations the
pledge
City, Payable both as to principal and interest solely from and secured by
revenues of the Watcr and Sewer System, after dedt,~ticn of reason ~Icex lnsArticl s l f l ti.of
Lt seq.,
maintenance, as provided by the General Laws of the State, of Texas, p Y
Revised Civil Scatutes of Texas, 1925, as amended.
MATURITY SCHEDULE
Amount k1dbrity_ RAP Yte1i
Aw"ist 4t>t1Yr{Ir Rile ~'M -
S100,000 July is. 1981 $225,000 July 15, 1991 "
100,000 July 15, 1982 225,000 July 15, N92
100,OW July 15, 1983 225,000 July 15,1993•
100,000 July 15, 1984 225,000 Jury 15,104`
225,(0 July 15, 1985 225,000 July 15,1995•
225,000 July 15, 1986 225,000 July IS, 1996'
225PW July 15,1;87 225,000 July 15, 19910
225,000 July 0, 1483 225,000 July 15. 19984
225.003 July 15, 1989 225,OW July 15t 19994
225.0)0 July 15, 1990 225,000 July 13, 200'
•Bond% maturing July 15, 1993 through July 15, 20M, Liclutive, are redeemable, in vlhole or In part. on ' f .
July 15, 1992, or any Interest Payment date themailer, at per and accrued interest.
Payntept Record: Tha City has never defaulted,
Legality: Attorney Voneral,uf the state of Texas, and
lvtesus, McCall, Parktt;:re and, ljotton, Attorneys, Daltes, Texas.
(Opinio,t Printed on the Bonds; See Lebai~plniens.)
Vellvery: Anticipated on or•about APtil 3, 1979, .
t
7 7
r z !L~ n, s•~ y: Lr. ' ' ~Y4" i 1 b + rVALUATION AND DIERT INFORMATION
'tns et FeMti1e~ `1.1r»i
1978 Full Taxable Value - Estimated S481,504,503
1978 Assessed Valuation (6(:% of Estimated Full Taxable Value) $288,902,702
S 15,874,000
Total General Obligation Debt (including these Bonds),-,
,
Less•lnterestandSinking Nnd ------43!14 161
lV Y Dt9t , S 15,559,839
R` Net 978 Full Value 3,23%
allu Debt to I . Ratio Net Debt to 1978 Asse>sed Valuation...... 3946
19191rstimsted Popylation- 5J'S50
r` Per Capita Assessed .Valuation - $5,604.31
Pdr. trapita Tutai I!)eQt - S30,93'
,
Per,bnpils Net,Debi S391'.84
Ayeu - 33J quare Miley c
y
Note L Pursira't;tardM y-jk r►ti(tted by`§ectiontt=b','XrtlcIe'V1111ithe 5(A ~dsiitutlori,'whIch
qie F'ffedI Jar,uag, 1, 1173, t}1e City a~ rantw: anJ%empotion f . ,tk gfflssetscd valuation to VC ~ t' oer'ty b~v'r7~ri'b1e`r'b ybgOs
i"Fa''ggS, T~t'e{ vt;tue 4r°rt3 Jxefdl S1~,0#{ Azi~,been deducle~i f(~m
the assessed valuation ysrshowrt 4bo~e.
NQId Tho. Legi{ratuio pursuant to 1`rld'`tlcie,'1150fi 0ATCS,
tnandatet,,n rd ktlonsl pri+perty tax exemption for disabled vetes ans or the surviving spouse 6i children q!a
decea edyetsrarl.wbo died while on active duty to the firmed rore'"Athoaxemplion from taxation applied to
;t either rQ or -'0r1~1 property with the amourl(of assessed valuation "exeMpted ranging from 51,500 to
S3,0WAc endent'e ' n the amount of disability or %'helher the eriiimptiorl is applkable to a'survlvidg tpouse
or child?en. It is erstimated by lhd City'th'ar the reduction In assetied valuation has not exceeded $3184,000.
~,t 'i, . ~ ~ 1„lt.
e,'Bonds
Nate J: The above aaterrtet+tdoes 66t include $10,230,000 Water iinj Sewer System Rev
(i'clultig $4,000,000 currently being off6ed for sale), nor $19;155,000" Efectric :!avenue Bonds; C4 then
Bond! rt•',pa)Uk solely from the net te4enu! or the tespecti'V6 systeid. Inlerest and Sinking Fund and
Reserve Fund to the credit or the Water"and Seer Sy-item, as of, February 1, 1979, amounted to SM,124
and $551,590, respectively. Retirement Fund and Reserve Fund to the credit of the Electric System, as of
February 1, 1979, amounted to $1,141.000 and $2,250,000, respectively.
Y
4,1
~)F9 Po~f Ssti, " ~w3 ~d~:T~~ ~ 51-, .°j I Y 1 w 4 ly,.. ~ ~ ~ , ~a r t •Z
/M it 11)I/TAXDAT.A* ✓r111i 1 Sr r
I~.a1 F!¢i4i+~lt1"1~1,~1
AD VALOREM TAX RATE
! lints! i
TOW
Tat lssessd Cenerd' SMkb~' Tal''. 4t,Cwrtrats Tolal
1'nr \'dsslions Fund Fund Ralf
. ,dot ectbas CToial
1969.70 S 71,868,297 $0.6501 $0.8499 31.50 ; 93.700 47.GZ%
1970.71 76,608,456 .6133 .867 1,30, 4S.y{ 3 9ti.4
1471.72 83,132,233 .8285 .8715 1.70 0,44 97.93
1972.73 95,155,723 .9044 .7956 1.70 95.65 97.42
1973.74 102,2210w, .$960 1.70 96.54 98.47
1974.75 112,15 r726 $,9 I 22 1.70 95.46 98.03
1975.76 1241311 ;3 r.~ r6 4, I $ f6;!` " 1.70 95.05 97.86
1976.77 136,540,425 6 1178 95.23 99.43
1977.78 271339 i9(I)' t1`I{o " ~y121 1,24 93.90 95.21
1978.79 288,902,701' 1 80 f20 1.1a In process of collation
I..t!,~~,>>I"'iff~~s°d,~P;'3,+,^.'4,~rP"1~•115°-~~4j41!!€rS48!~~',1~"llltakl0:"tu~!~ •,~.~r,
'1 R!, '7i1tY IJ'Ji>°)!'f' ~ 1 1~ 11 ,[i% ((797 i .~I 1111(11;' l1. 1 i1 J I ' 11 /it1 T y' II - y1 .
4>,e~ Are du bdiq4 fiq ~fe dshngqcnt g er j ua re mittQQJ lira
V I1)'i ' 'J Y.: C Jpp,,,, frl9 J 7 :C~J ry1 1, FV .9~~~ Y1 t1 C~l tl/17'ir+ll
~lali~ by EScr4WC 1; sei.:th belt'- March ~l'. pi`~co is art not alf,
y!p/ j I I I ,r rll 1, lift lr i'r. 1'. ri l" I Yl
r, )F ar
N, ~f" t, rl a f , 1, n 1 + 1~ d tll 11:Ltrrfuq a7u11,,1 iy~ 19 f3 yio`r,
• q IU ItJ r111'f~t lCl 9Ji K1;'!Y, ~1'fL'{~ lV." Gl11 7{• r!!tll Jl fJ~1l J.Y{~ wC') (1411 l',t C(1~11s lf: 'rj1~'r. d! 1t,flril 171 ti111'(y Ei l7:S: flit 1. ffl
,
1+,1+1111,+lr~)(iKett !'-1m~i1c~1 Idipowly'lb~(nt;ar~tni.~lut1~+1111.rl:Jil;i1,L'1,Gt,IMeNhlt+fyp
ril loll',- 1 "
~ ~2t II (lfiul jt1),p1 G1 ZJ~1:11~71l~]pCl7 (11). 'J.L! 1f :+~J'~,~,lfl 10U(1 (171♦: )111 f{Itt l1. lf'I ~rl'1l1 lhf!'Id tLL7t 1,} I'.'7i ii 1'111'.1
1•.,•':t~f},yCllll .7 •~Il,raf. itf(fU'1{1~}~F d~tal+i ".1(',rl 7111 '11t♦1711N 9•~ /lillrll~~~Ii4P4t~F~ft~W1~•i1'>r:{1~,/1 ~1111t111 $p~~J(Ml, f.~
~l<J aNkILJi+ihetnil•11711 filAjl lAnl b,,W,lL :y It 1; d.1 YJl hill, {11 1{ y44)11it;Ii4J .%~I a9~R111.1t1
April I 145y%y~•' 6%
~ ►October I 4q% a~ 8%
711'!1rl~~~tfj}f,!(fUliNi!~.•lr~'sYl+fS?'797eJ`r~p9~if1,t1F!~f)1?y11J17at7h1~Y~~}~~~I~YJhir:pl.7t,~1.5i(IN'~,77ty8`14
:'/jf11 ~~>~y~:~i~~i •11111'i~19a11, •1'411'7 ~'~~'•,Ml.?'~~+12 1V6 .t i~LG U.II 11'.ORc~lt~ltl3.1 y'~,r.AOR1iL IXI';'.~I~IG~? ~R~..'V'aVll
11111. J~~t7 f7ii{Itlgh..1 Y711•1•~`A7~(113 ~Jl'1'q V~1. ..1 JS~1 ~I1 'lli^~':~~h 4~ry ~llr.y.ry%r'/•I•fJ ~Cf is Y.1{~i. ~n~,~,'
[,t14;7v,t t1~1n1.urti+. ,t'~!'I ,I tll,uu{ii lc~:•i: ,trl~Irr? t'»r1y? bn:; l~~tr.'!! 7'fi 1 , Fil.:tli ✓i( of lfnu-! ~itri3l
71..Iltjl?i? ~11111~)[J hd01i libsl, ;do (1 ;)nttA pvu.:ST brO; to, 111 t rCy'n's10-04 fll.it'vi"Ji ,00„I?r71.ri,
vlrtli','J`, 7t +1111,1)?`,`„ Irr;tl (411,!1.{,f/. r/l t.dnlnlffrll .II7PI i 1
i
,S
3
irrrr~rr
M ~ r V. 'N op~a Y} , r
57
U M
+19781ASSM'AD VALUATION 144 ('i•A5SIFIF.D 1,1 ! o! 0 tt r Ile i
197E %
ANeaxd of Full
1 Valualloo~ TA%able Value
kEA! PROPERiV:
(Reside+:tial and business land ai.d " J
5230,592,,782 )7.31 % .I
+ iI'se'teve ttor'cs, business $ ~1
p' Mercharw t
, 50,778,119 + .,,A3,,
- furniture and fixtures, and;,anks ; r. 15,143,521. I ,,.t 5,08',rnfl
Automobiles
58
Mobile horresandaircraft l,l. ' h• t 1,723 3 1 0W..58
5298,244,752
Less: Ovr,r65exemptiot!!'.1i'.1:l.!ll l.lil;,li ',l'.lk.L~ia.i' t,• it? A (81958,050) (3,00)
000)
Dislbledveteruntiexemptions.a,I,1••'• (384,
• ,1.•, s~~02
v ' !
r1 1978/791'Jct;TAxabltVilue,.All. f.,,, 96.87 96
:f'i.l,?. Ur,t( ~"IC 1Y Ili.Ir,TA,,!(,RAT~.k~hI1TATI0N tr., ',(E:,, rS, 1
A111i (able `'tbpcrl. 44thin'thd aq is iubjm (o thi is'sessment, kvy ab'd colledtian'by thb City of w
Ohtinu4,; direc[knnua!'tff5 valoriib tax dufflcient'tb provide for the payment of principal of ahd lefOM oN
A types of tax o1i 1vood bf the City 'within the 11MIts prekiribed by law, Article X I, Section 5; 0f ib Texae
Constitution is appll, able to the City of Denton, and limits its maximum ad valorem tax rate to $2.50 per
$100 assessed valus)`Joh (for all city purpovs)/ihtOty oNeatti finder a home Rule Charter which adopts
the Constitutionplt Frovisiohs,
1„ aril MUNICIPAL SALFS TAX
91•traet ,'dsrRl llClfetr[re~lprl) i l96a1
b ,:o.7J i i rw..•,J T_ ,ifw~t4i !n v~r.t'
mrlt of q-r a„11fu!j1 rh,~F U, er,+tfK
a►'amcnded
The,' City h8qf 'a lnnted the sl't~,vrsl a of Article 10660, Vernon's Texas Civil Statutes, ,
01kh gr,s6w6,-lCity ihe'pb%Av to lmo)se and let'y'a I*AJoce.) S*s and V%eITattr°ithih,thceirty, tW-'
Obtee39 bsigttrtdiled to the (iettet'al Fttdd.Col*lidq uhd 00forctments are cffoclod Rbrough {hgofr!cca of -
the Comlptrullet of Public ,%ccour.s, State of Texas, who rbmils the prssceeds of the tax, after dAlpotitin Ot
1%Wvirie'fc'o,10 the City monthly, hpvenue from this ftoufte has bbei tl €t,noifcr !Ir+uu J r,1,te;tf J?,il
~,ii l(J t,rs r 1+71 a `t lrirr~srr;rvi l
~IJ.i ,1'..t.I IJ 7,1111,?lutl
r iJlol,nlnr,!AA iii r 4,-wircfi Equfrdtat*f,IT ri If11Nt 11'71110.1,1! 71,n 1/!
t r},1 A-,1 , R(r. Total lortla AI Volote,a 1: 1'J
Ct'.lSalm ,:,~.R,> Cotlet!e1 1'J11t1'2 04Yqufl?, Toalliff~fe,irrJi 1 I •t ,u!iV eililro
!'15,11•-t r'~t,i u?uln~?n, ".+.1111 1
51,9296 eo f $0,7788 t, d14AO )1 to 1
a` Iv,0196PL,N% $ 559,693
t,tin1970r Stl',1 607,716 5299+r;rfill .7933 11: Jill 11514 1/
i
, i,t.1971r1 rtp,l t.t 711,871 50.31 .8563 17.951 1
,8184 IB,i2
1972 - 770,1113 48.12
1973 914 Y'3t1119 6,0 ci 2 'I'/'I,i✓.l? cl'✓i:; fluel 20881
f 1
1977 10000,932 52.68 ,8924 2;Y
(,!14)76? 1'~NI L?jlj4i.j75,% %r"jlrf, l ~.'•:r 56,66 1111 t lr!9rIlYI11lP l3~(,~2}9~ bl rl flhf,l ;,196!261:(171.)
~1777 +.'f'I't;t 2 112~;~S~~t, t~filn •,,1~?.~1.881 r:~,ii~;i(rlt)I,;r,i.92311,,hnrfi {rlitgEr fj6.t9~`a1t11
(l,~~e°114- r.` rE1h! 1629832.. nuirr,4BA4'rv f5+7.1rl,l
` 4
w ~Y r 1. , : ~ii.r+ d > p }
r g,~l ,__.7.c ..4L
L'`.,.y~ru , ,K..
ESTIMATED OVERLAPPING FUNDED DEBT PAYABLE FROM AD VALOREM TAXES
(As of F&muy 1. 1979)
Total Oaertapyla8
Funded % FurAe1
Subdiddon DW APWleDbeb( -
City of Denton 515,874,000 100.60% 51 ,874,000
Denton Independent School District 8,611,295 78.44% 6,754,700
Denton County 2,775,000 29.17% _ 809.468
TOTAL OVERLAPPINQ FUNDED DFeT $23,438,168
Ratio Overlapping Funded Debt to Assessed Valuation 8.11%
Ratio Overlapping Fu6dcd Debt to Estimated FullTarable Value.................................. ! 4.87%
Per Capita Overlapping Debt - S454.67
, ,TAX RATES - OVERLAPPING SUBDIVISIONS
1978 1977 1976 1975 104 1ob' 191)' 1971
City of'Jenton ' "~I'.24'r ~~.241 ~1r1<$ 1 $1.70 $1.70 $1.70 $1.70 $1.70
Qentoo ItidepentlwWool District.,7. 07,,;, ~2.Q0 32,Q0I I;~,OQi,, 2 0s ~ 2.00, , 1.99
TOP•y~EN -oli'l i' ~ I!7 I '!i
1 TAXPAYERS P
i 1 1P iv '9.'7:II { h: 4711Il f 'P,N:, I
i !)I}, - I I n
X1.7' x:4.11 i' ,1,~4) )1'✓: Jt,+, AM %or
Tax" Tosswe -
$,;;'I r ,_y AW04 taeae2
NaauorToapyer ~Natiieelorowy Vohlanoo yatralloa
'ri9[!i JI, ."'b 111, 171 j rbr7r : 1ni'jl~1•Y ,l; (1, 9~7
Genetsl Telephone Coriipant 17[: + i. ,Telephone WlitY 1: r. I ; , SA,i76,93(?: +13.1896
Victor'Equipmont Cb'rnparty, l,)),>> . .,,,:;':Welding Equipindn~. Mah4~acturer f "I IaF 15,48:!,420' ;1.90
EirstStatol6ahktl;..~l;tJ.lllll~k»~',~1~,, i,Bankullu.~.~af};,,~Q,,r 4,348,612i:,~1.58
First Denton County National Bank- ,0 ')Bank.;i'~i .I al',~'~,a1! iI' it 3,133,810 )I.)l,t0
J. Newton Rayzor CommerciaiPcopertytidOffice
Building 3,113,765 1.08
Moore Business Foritns, Businesli P' s Manufacturer 2,984,660 1.04
,a. m r 2,853,446""'k'0.97
Cra%v(gd; 44itding Cgrpoka%4p , „„i Shop inter „r ~I
Acme Brick Company Brick Manufacturer 2,588,62a 0.90
Lone Slat 'Gas Company Gas Utility 2,164,450'."10.74
WestgAe Hospital Hospital ' ? s I' I 1,866.730' i 0.64
r ri I r I I` 5379)343 I,~ i396
/.1.t' I
LIZA MANAGEINDEX
EST AND SINKING
INTER
General Obligation Debt Serval Requirements for ToxrYear Fending September 30,1979...:.. S080,358
Interest eKd Sinking Fund, All General Obligation ltsvei, September 30.1 it1;,f $ 32,409 t of
1978/7916Ierest and Sinking Fund Tax Levy a 95% Collectlor.).... 1...,..:.1.4 1V14,1 1.405.223 5.~~' 57 074
Estimated Surplus
S
w~ L ;e !'R n ~C .y+lh r 4d i9¢ 4i
t , i'ti i Yx C -,j, 'y .,4d~ v R3rF !1 r n r''~a!'~4'h,
ANTICIPATED ISSUANCE OF GENERAL OBLIGATION BONDS
The City does not anticipate IM Idlfutri2o'bf k(glacWW.hal Oefilciral Obligation Bonds before 1W.
;!,(Illill ;'Mlr,lt vlo .Usctr t:}
ESTIMATED ASSESSED VALUATIONS
I8Sx4oa 6n or FUlmaled Full Vdnel (I ..i L
1, ,r•,.ti.,:,r ~,,p., I
10
1979..... 5322,378,000
351,392,000. ,
19$0 :i 383,017 000
1981 ' 417 489 000
1482 449,000,000
1983 In Fi
AUTHUAIZED AUT 0NISSUI b GENERdlF'OgI.iGAIf(1t. b'J?(DS'~r'
1nca Reba l ~hsoed
Art r'E Iwrc/ (f~ + Monte
pr}~fj "r1l'"~ r - f i T^ r i ~r TM n l f it (Y',+ 1
Streetilhdfbvlmentr, s.J:cF 12,1813! S,b,000,000 (?SSjS00 x,000 tiFQSrl6W,000~):~CS -0--IItK'I
Streef 1rh0r`dvementl i.1.J-?h 2 2$•18; Iis15,000 h7S,000n7+)?t
LibratyBAfids.... 248:18 i , (x!715,000
I' Po1icEFdtilities......M8.78' (48x0,000 lie.i j•: '-0 - tltC,~.t'880,000>'.i.rr~•l~ -O-Ct't'I
Fire Flghtidg 24&78 r~}_y30-0~ 5= 30."H,n).t~-:O=It
OOOxz(~? -?tlPt
ut
F.!)8,1Qr) F 1ll;dl £ It),iC ~0~,0~ 0055.500M ~ 7r
kYPpf~ ~ s~'LdS FF.C,Q7;- l~Jil,7~i C1ffr~"l ~ i12.,... (IIA),(1~•" ul!CI
r i< d(4~k
t
.~c!I,cv ;'.rI x?5, -'~i,ss?S xal,c,r. 1PR4(.)rEDS t3 0
Oil
~'i cFils of th; },1300,000 i;dll 0611g~{ d ends All be used to dbnstruct VeribbS ImPr~'iements r it
n ('tb4 stleJefsl fi~brarles, o~icic and firs ~Mln faciliyl~?>} ilthia th2 Cn > ht Clt antic( P~tea his i~ut 'will fund
I P,O ,d; (1l~)kr'D,I
t6eC,{tl'~~fovowlr"a}'4f'..P~rlo!`!fto:42twoibdClf.~l(rs,
n0
lut "'M 1,, JIfn vil las 1+-J3+ +I>lu', h,~+~ ,a.rl tLntlfi QIMl,r1(ll•t? Lvr~i Ly'I~InI'~(I)
r H~t'ut'zulli lu r9~,1ar17rtrl
i
S
e •
i
"7. r ad'
,n
ANTICIPATED ISSUANCE OF GENERAL OBLIGATION BONDS
'The City does not anticipate 14 UfaMe`b Mhytaildl0ohiil 001*al Obligation Bonds before 1981.
('.(/t)1l /fill/.)114,11) (191/ 1.~
6:.5"rIN1ATED ASSESSED VALUATIONS
lion 60''6 d Ewlmatei Frll Valoel 1r; ,3 t
1979 $322,378,000
u,
1980.;, . 351,392,0(X)
1981 383 017 0U0' y
'411,489,000'
.Q l....... i,~'4 ...i.,n..... 449,000,000 ,t. i. (N Vl l,hf, f?i f
1983
AUTH01ZI ED BUT UNISSUED 'UN ERA UOSCIGAIIONUNDS "'r
,S (1 ';'':r I,1,~m0aa1 frl itl ~~i1 f?I('I
~y S A [ red Beta Uabwed
r f F Aat tEd A° ea ' l re Lisle IMA 0j W 1 Balance f > l^ f
L, i i ?I IASI~lr""~
Street Ftfs~fbirlment;d~~~,AdJ. 12.18.731 $16,000,000 00$ 5w.000 N{ PSr500,000"K),U, $ --0-1
Streef Fre¢tOement 1.1.1. Mi. 2,2&481 ' 1;815,000 p s,a l ;ti-4-- I I~ 1, f 1.813.000 ~ ~ T w -0-1 {
Librat'yBdBds........ 4f. f. 248.,781 (073,000 {1 li,rM--0- a?;1,7t i g13,000MU1 --0-- r c,VI
f'. PolicdPl ilities......2484'4 tK,880,000 t'880,000 ),Ipt --0-r.(~l'E
+%f.;►;.__0_ r)r'.Ho OOOK)--0--t-t,Qi
Fire Fightilfg...... ..r,K.,J.If. 2,2&78 (030,000
0_~PPi
(48A'd tlfs,kf F,W,k.t -$10 ox sw n?k~, y00010U?~e~~ -
80.ti'r.4 hot )$S WP, Ww.?SS oXr.?ts W pt (tool,()> ~kwi
tflt•?% rii'M f.o,4 (Xk,tt (0)),fK {KN:I,% tHN1GtlC tPi.,
4'(- 1,(P 881.,3?S a i.~?r! I, CF. PRQCgED5 o n 0 HHQI
K"r s of thb ~4' ,x,000 &ehl ObligiAW Wonds 4111 be used to 6nstruct varlhs Improvements st e'btsl fibrarles, oil 'and Ark f bid facift~l '~rkhin th City. The Cp:~ antic
atcs {hi isFne sill fund t' j=
the Cat Ftk')fiWovdt Q..k floa'b__~~'~c'tw
!>yl~ln!'(ly
rtnitr.7lrglll'tu a~+cw;lurl -rl;l '1u bff,l 7117 n: C3~Ir;luyla'1 nl~'{ t+,fl IWIJ111 Sh"1E,fN){,p ~:~ti1 fro
f~
t'
z
a x t7r rTd T, ";7~, , ~ jI <y Frr .-r. +.~i ~n is •~71;'~1' '1 1,~,'..,y b -,.~y~R,7 ~d, i't..j„~'
~~.r9_a~ ,%un r,~i lint )~ESTIhSATED ors l.rt it i l a II ~Ir'~il,; ;I , i~w, DERTSERVICE,REQUIREMEWS '.r;
61KNERAL OBLIGATION BONDS
r~1,1i1lli! 1 U!<~IrJO fl{!lilliYi
F1seal Year O.toodlas Bonds Bonds Grsnd'Total Principal
Ending Total Principal rnterr.:;l) .Nsl ~ Requlrernents Retired
SeptemDery Principal Nerest
=
1479 S 805,000 S 575,5511 $'1,330,531 $ p $ 0 S 0 S 1,380,551
0 34e,lSO X398,250 1,759,623
1980 831.000 530,373,. , ,1.361,37)
1981 832,000 488,965. ,.:.1,320,965 225,000 258,863 483,863 1,804,828
1982 836.000 447,4061 :.N)1,203,406 225,000 245,588 470,588 1,753,994
1983 760,000 407,304 1,167,304 225,000 239013 it 457,313 1.624,17
1 t. 1 374,181 29,63%
1984 760,000(1✓(i,V,1Atoi4: A143,ii/,225~rr,t..
1985 760,000 332,738 1,092,738 225,0(10 205,763 430,763 1,523.50!
11986 735,000 297,025 1,032,025 125,000 192,488 417,488 1,449,513
1987 675,000 63,445 938,445 225, 179,2! 404,113 1,342,658
1988 685,000 i;,„.130,081 JO I& I~~S, oi:ir, 390,938 1,3f,1.6rQ,19 59.27%
1969 590,000 197,903 787,903 225,000 !52,663 377,663 1,165,566
1990 -9 500,000 VY066,938 (0-!,(666,938 v1.2 5,000 139,)88';1 364,388 in,:r+1,031)326
1991 475,000'0,0441,450 -tl 616,450 (Y;225,000 126,113 351,1131uyrtE~967,S63.u'n
1492, -,t 450,000 K!,?t'I17,630 U--567,650 W225,000 112,838: 331,838 ,,905$8 %)di i
1993 l - 450,ODD-0.093,150 0 -543,350 (940,000 99,5635 324,563 +~$b7,91},d•.81.7!°0
1994 > 450,000 Al !?68,750 0 -518,,150 I412231000 66,188: 3!1,288....8 0,0 81 tiii I
1995: it"" _ so,OOOr "m i~,4850 ;M>),a992,p0 wq; * i 73,013 296,013 691,863
1496 350,00 25,250 375250225,400 59,73$ 264,738 69,988
1497 200,040 000 2080 2251000 46.463 271,463 479,463
1998 0 0 0 r .(;A);E~,D~yOyO~I 33,188 258,188 258,189 97,!9%
1S99~In.~lruvp+, iii u.i0,+utiI~ul)rft9, of bvij ,ti I •}~ralttt;; MaildU lPo9-0) (o.e A,di10 "A901 'I
'Stir' S I ; + ' 1 3 tr 11910,00%
2004tnullLLtl .i~.~r,L.~ ii'.),+cii-dl+.~~ii C1 Ift all
Sl) 494 485.46.17 ,ig,3Q0.17~,r1 ~n
(1) I-Acrest on these 54,500,000 Bonds has been caie~iated at the rate of 5.906 for purpowe of illustration,
y
l
a
a
'o
~~~➢T.j`C r r k Y~ / ,4 J;. 'Fp ai e/~a .d 161r` fT" 1, ;~~-~R^
, 4
WATER AND Sl` WAR 1§VS1EM'dWRk1INd STATF141ENT
tie, r_,r
Sepklhber 30, Sep 46e00, Skoimber 33, SWember 30, Seple nber 30,
1976 1977 1971 1973 1974
- 7,-•
Income ..:..::......::..t..:•. 53,5510378(3) $2,572,785(2) $2,323,868(1) S1.886,361 r;r S1,913.271
Ekpen3c.......... 1,978.870 1,703,904 1,416.509 .1,12¢,329 , tai, 12,617
Net Available for Debt ; , d r i ; : 'I i,_.. ;
Servic! ' , °6.•. ? SIt572r50S, $ 868,881 r S 907,359 S 760,032 t S ,.900,654
Watet Customers 13,787 12,327 12,013 11491, „ 11,363
Sewer Cu§tomeh :,i.,... 12,268,
~-,11,837 ri+;r11,496 10,981 !0,153
(i).Wa;er'snd tewWratesyncrtc,4, effectiv<<,Novembdr 1975:+
(2) Water and scvtr rates increased, effective June !977•
rl)S Water'arid'' A?rat2s lkeC aced, eff&tlve Juile 19781;". r r' ~rart r s>t
AMr9id Anhual Virlnctpil and 1, (eii6t RequiFeiii6td,1979.2000'(itkluding these Bonds)....,, S 730,891
Coverage of Average Requirements by 9-30-78 Net. Income.... cttvrr^•?;IS11t9es
Mttiielrh6m Prlncip6l (t'iid Interd's! Rtg6lremenla',U$$(incluJ11ijthese Bonds) $ 1,080,365
C'bt<eta a of Maxi bits Requir"
g th eMer1(i by 4-3r>•7EZ,?f0.)ncvmd'„a , xwm,grtlf+ISTi'llies
WeRdr~nd5ewc4 Sysk ni fteven"tOBu'nda~utSt'ahd!~Ig'(irFlu~liy{g°lhEct
Srr;:;!rts'i S1b,23Q,o00
lnterHtahd.Sinkln~ Fpnd(2-1+79 .1 lassrir.c;~, 7 bi: ,GaL,a,Y...... 0......,r,;vt,r;c.n ,!i$,) '3 299,734
fft F6 nd,11172 ,1,t,y 55
-4~7 =4Z
VALUE OF THE WATER AND SEWER SVSTPNI
?0e' t!#1'1',1V';ir1$4 HI el ji? tlfl. sf'il/,. TI ct'{11►tt)1I1'1~
11KIPYetr"Ee1lember30, . '
pmvnl' 0 6 1,971
J 076 1975 1914
b,n~+iu prli,H .~~.---Jn,wrrL Mt11
LagdendNL6nd Rights.;-...- 22'"rS 23>~~11' 236,349 f""'28$,022
S
WaterSyRtem..P, V~l)r,VrSS 57
Wekr lZi htsi;s?, iti,y~stw 12►8.i}b,$SOt.2 12,7 r►pj3 ? 2,554+04 12,018,457 t2 ,414
SewcrSys)g11S.......... ~rrtl+,'tlt►1„ 6.,QId IP,I;i 6,2619] 5,916,210 ~At,11,069
f2l 4r.7 I 250064 250,064 M50.064
!1.
Grass ysttm Value , $19'.916,455 14 5 4134 ` 9 '30-4.30-1 S18,541,080 $16,329,569
~la ed De relstio r(i't7'1t1A'I
LcAccum
1;''4, h.20,4;499'3'2' S'4,P0111"St3,854,694 x$4,50,239
Ste if3,yy'+~ ifi r rr,ftlg ir,ilt~rn 9340,561r:11", 3,1I50(631 ,3,496;3061' )4.29117713 !r,l-3,09103161
a~e'x{rRy1lp~h~s'~f ir,rltkwyft r11 420'031"'~'lrriiS029~1i-T..Irrl u,3'1 11110S 7t10 irYOrpl~f~rCC~B tYI)11 I rlfr l1l i '~I'`,.,i7rr -Mon
X.- , 6'7bSS82
NFr.SYMMVALUE ~1142 $ I 18tl 1816038 !1'28458018!4+763,981+
~'r1/011 4141YAM q.011? t1/i, f111141 111 ;47 /,1:'111 (1'i 1,h`11 f/h
•,,+ihri I,ri°fi :urrr;N ~:`nari,r~r; ,~fef/ (nnuUii,}x. tnl;'1ua,r,r,ur+~ ,rll :,1~ ryiiilrir, Iota rw,b {n') ~ni f ,
1 P8 A
t
r,
,
i~
, , r l ♦ ~ M ~ ~f ~ 7~bT,. ' t ~f i Y.~ S~"1 ~ ~n 7", p , r4
,.n e, _w {'r Yk iW
t t j;, t l l GITY'S WMi" ,S,Y$TW. n r l 11 l f J at
t a :r a , e 'u 1;1 _ Fival Veto Filed Septemba 30, _
11M. 1975 1974
RLSOURCIA
Utility Plant(Net)...,.!. $110024,653 $111180,066 $11;516,033 $11,284,580 S 9,763,987
50 496,293 246,398 65,574 143,6 1
ConiltdctioninProgress........ 6$9,4 K
Total Utility Plant S1 1,714,103 $11,616,359 $1 1,722,433 SI 350154 ' S' 9,907,62
Cort•tlruetion Flih'd : S 505,389 $ 620,729 $ 146,975 $ 649,093 S 2,433,294
1.84. Contracts Payable......... 1,579 20,371 33,930 179,983 252,3x1
S-) 503 810 S - 600,358 S, 1'I13,043 469,110.5 2 18048
9
Other Assets 1,353,316 1,015,863 952,632 899,286 953.1
Total Resources. 13"571429 $13,292>,S80 , $12,788,130 S12i718,550,-,,1St3 04i 8 7
_ O
09LIC1AT10N5
Revenue Bonds 56,230,000. A.a85.000; $ , 6.085,000,r-S6.405,00,0 19,000
Arcrued Interest 63.826 6j818 192,71; 177,248 108,57)
it,, dross Debt .,,.,.+:;rrr-,..+.:, ,:y., S 6,293,826:.CS°6x652,878; ,5.6,27.7,?i3;,; S'6vS112r248.: 5.6,818,57)
e.[h0cilFasition-.Pooled. arn~ ~r~iJr~ <i.1nytiI :r„S{'jjIir.r tF. r s,',rr r i
Cssh.t, 4.. , 41bq947 .r•:rl 1,601#814,, vi rn544.280
r.Athet•Ob,'gatwons . „ .,,....,r .,,....35't7,~$I~,:,~,+,i 31~630u,,i +d~l3~,r,wd.~},L,~Ll tr,lu_•.~1,7i0,
rx)n,TotAlObl,ralIons r,r4rlin~~ 78,91 01 91:,+i.7►4S ,¢1
i•'Ciiy CgbIty hi System S 6,292,514 - 5,540A61 SS ,331,153 { ' S ~`4 '1'0~0 6i2 i ~;S S 47 24f'
IKilef nta a Equity in System 46:37% 41 fl% 41__:,_6996 Q96~''"'
AUTHORIZED WA', 29 AND SE, 9R1REVRU At nq
Mr.1PAM lwl M01-1'40 ( It *Ail
.
trill 6ryj
Laned &M
Dmie Amuatt ILI 11t"""
_ of tt _ +Date
d N1111"
`tirl, t,rtr.I
slt, ~Vr 5,2`x5' $3t~'~S, b~SSODM'.1!
1 1 S•Ibt 5 7Y31 9f3 3,000 2200
lS1,r•,. l,!~Lri~` 1111?. 1 ~h~'J~
r4 S,
.rt l 2 11'11, t t r f 2 Ills t{Ir,l?a""•
PROCEEDS 't
1W Ions,
+,+:'.~PrQwds prs I P,t100iQQ0j %Y0 q agdfSioW~ pysltiT.,Rev~enpe Bon~4 wtti' ~e ust*d t4? Ih
Env1pontpental,Pry'tVpri Agopn yc ~antUYe40s r to1 thenD~r itt n1lhon Fallon a day' ly,~1`tf I a1er
p, ylr 6 e .
TNAIMpnt Plant, on,, mbcella;"u ijmpr ~F{~~p 4 4t,s u ion, n~erce for and Co11ce I n ysM~y gntI0R't4Jhiklss4~u0 1Oj~kt+71 Jr prsrnenf {1 roANTI jior101
fob l
1~dnjt p~'[QroUr 0>irslj ill.11?,117. ,i~1i~,nel,ll~ Ierrtt(~I~f.i? .1 t1tr'Yu11tr~1,%
ANTICIPATED ISSUANCE: OF WATER AND SEWER REVENUE' BONDS
The City does not anticipate the 1••uance or any additional Water and Sewer Revenue Bonds bcrore
1981.
9
i.
1
4' ti ~4s' 1! ,t t?, P a. 1 .~x r D '3 ' .i l
w 77 r 111 11 r r. A ,
j6 f 4 ;'•Yd1 roir & ,W,
_M0NT114Y.WATER,RATWS
o/ Ir'91f 1, I'n,r.,l;
'Ef~l&'9.: ltilie'f0, (9!!11
R SIDENIIIAL USERS
W* (rry Irlmw , ; oVt ,Cpr tJytul. 71
Customer Charge S2,10 per month 11396 of lncide Ctty Limits Mate,
First 10,000 gallons $0.90 per 1,000 gallons
Next 40,000 gallons • -.75 per 1,000 g6tictts
All Over,, .50$0 gallons , 1.70 per 1,000 gallons ; i
! it ! , i ^i ; ,.I
CONINJERCIALAND, 114I) rRIAL,USFItS;
, f I" thy Llmki DstifllC7ty l Eiilti'. l I F
1 { Custorticr ChargoS5.1x1 per-month 1 I I 15% of Insiad City Limits Rate.
Volurrle Charge $0.68 per 1,000 gallons
q:,ltu,;/, ;Y, ,J( vs+, I, 651 !~iPJ_t /,7iil+'iIIMVNTII LV„6~W~R.BATF.~~•J't i,<r1~tf:1'11U JR`:If l'.f E~~J JOiI
tUll'".1f 71.,rr, fi YU x'.11 ~.'•1J0bn6 0lt,?00t"WAworm,10An,J,JR1,jd eLll fJl+gV 'Jl,,/Clii0l Uogf'it, l o~
1119J1t1,.I + tp,'q I!), 1',llrfirl -'A Ilio ;T j1,1'I JII) b.lll,gi it 8f )t ,1H,lSJC'J} '/r~) fh 71!r111U I) '1!,:, 1f,t I I4r I
J'<!,',1+1Rtrl"IAtril1,1:1 I Ill IC~~4'7t,+J, I dS II%» ~f'.,I,'~I!'ir t)r~,,&jUtgr~bt Aw Iid"it"'9,aIIf1 TJ!!li) 9)J:
t,i,r,+ae+lKbO95~'~la~sa~lV~l~f:,,11f.,,~t~}G,,xrl.lK,f,1;,1,i~!~~14`~~f,~Y~~rx~i~i,1l~~If.t, ~per M 1~3 ver gallons * Q Y1F~ ~ F ° ~
WATER AND SEWER SVSTE%9 330-AJ 11ta1J
Water Supply
PrestntulnunlfYpal suppl is obtrined from both surface a undergr?und sources, The City ha}
previously acgli~ conservat 3,t~rO'rage rigl;jj~n nearby Qarza-x,,, Elm Res~j'y'gfi which wAconslrucwt
by the U.S. Corps of Engineers. This reservoir contains a total of 436,000 acre fett of conservation storage.
The City of+pttAQs,QJIds'rlghttt,t6.-4,4000 atf6' feet of the sidrgaill0h the bhNdea being held by the City of
Dallas. TheSt014ntTexas haiixided a po,044'tb the City of Ddhtdd d1lowing'9111 0sgedaily withdrawal of
approx1mately.400111on galldfu) Ream' stddieb of the resef'vbir1oditate thatwdlydJring a di ft-al drought
period the City of.Denton's pertion'of the totfi storage will pfodub6spproxint9tlq $,Million kailGns per day,
Although surf6i;*;*gter proVlddsrtlm7major -ptl of total reo(cAfEnts; the Cityhmf an unddfie6und source
consisting ofrieveNdeep well, drilled,into the Trinity Sand Of6doJOMprisina N P,eluxy ah'd-Travis Peak
sands, The maximum estimated production which can be obtained'ffdm the*r wi lta is S mlftor gallons per
day, and the average daily production is estimated to be 2.5 million gallons per day. The City's Water
Treatment Plant is designed to treat an average of 16,000,000 gallons a day with peak capacity of 24,000.000
v day. ~,mtn~,f ,,Iu,f,tJa'N
i Puturr,Water'•Supilly{lilij,a ii,Jfiflf,51i 1Jk',r,1~L a ~ tll ~~Ilulr bt„!;'r V 1, Dl; r,) ,'ryap, } f:.nuf,Yli7 , ll
115 t9 fs ,i1 ~ ti r , r'1< f , r'f 1
{~iv 14't'u~lydr ~(ef~Nt~•r~tdt~ to'~Idd~ ~
~ ~~Cg^t~ I WA ~tiKeala e~ l hV'
1He b4i E { b11 meld b~IV tIla R&Q6 t1h ~ 19 oont ;
' ~{ra ba~~ !'1tt e~8 ~ ~►'4 V 1~dk f kls~' 1~3iy"~^t ~hf'tb a dd` It~r i t~ `t`~~Ubr~
iYElf bb(~`ii'lik i'[N` z o ' ,1,Cfill ~C~I~t,iA' 1,
nlost eeoolo?8H ~d~11 t~t Vptt'1jl' 1 I"bf db't1qr' I flyd IA11l 16 Iciil'aFf'dl'E9 F u1F'dit 'r
maximum utiitr:tion of the exsling supply In aaria-Little Elm Reservolr, to be followed by coordinated
,F
, . ~ ~ ,n.'~' 7 _ ti ro. •!R .A 1 ry ~4.t w ~ i- ,14 r , 7" 7( < ` , t1~ 137 T XMr
a 1 K f .fl,. ~ r iY, S,. y. cities dr,clopment of the Aubrey Reservoir,:nth,diogkh'txch'angt `of ss(d,n aeabetaween tthent wo fi the CA y ordin
ly,
by contract dated November 19, 1962, the City pf Qe»tpt},4g.4~
which provides, in part:
1. That at such time as Denton's average annual withdrawal from Garza-Little Elm Reservoir
exceeds the safe ~eldptovided by its present storage right (sec fir icpaler2~hi r i~O galls it f r1 unY
Dr„Ias at tht, rate of 2t5¢ per 1,000 gallons plus pumpage cost (p Y t M s6ch"ekecss hater so withdrawn.
2. That Dallas shall be obligated to sell the City of Denton not to exceed an annual amount equal
to an average annual rate of 13,000,000 gallons per day at the established price of 244¢ per 1,000 gallons
plus pumpagc cost (presently 20 per 1,000 gallons) through the year 1980; subject to an extension of
time mutually agreeable to the go4elrhitig bodies lof bath `cities:'` I i
3. That the two cities will cooperate in financing and construction ot.the'proposed Aubrey
Reservoir when required; the City of Denton to pay not in excess of 26% of the construction cost and
the Cltftt Dallis .h61 less the 749 Nater to be stored in the reservoir shall be prorated on the basis of
each city's assumed portion of total construction costs when the reservoir Is tonstrdeedrl ' ~
Development of the Aubrey ReseAlt'Widtlud'ed is I7lulid JtM Dent the L ng Range Wa erCorps s.
Contract negotiations are underway between ~hg•tvip gist 3tigj,1'p U. Oovcrnment of
Engineers), for construction or the reservoir, It Is anticipated the project will be constructed and financed by
the Government for t4c alarege of f416l ate 11 well as m gallpnslpeand Industrial water t~daY 0f whiatiiiti8~fr►>~ gpc$ oniwapld
safe yield of thts t h3lr lids NAM aleiilated a et 81,000, gallons er
be ehtit allons d 7'.5is arrao rnr, sa r ~l!!d of ,000 g !a.
da ? In %Y rt ''gqrr, `>vr~Dt 3y lent to rlae'~((
~r led }o r e4 to~2~11400 VIP,rase Df I Y ! yy~ 1~~
s
r rl 1 ~ k ! d ate4'~,rd4' gh' ),012000.. }7~1
Water Usage #r l r S1.i`llaZ ll ~ N.i l r ~1 y~ r
I
r it
•ri :•1t') X141 ,t•.i,luu+ br;~,l1l~r71;r'u Est'. ~arllua rltrnl uvl! t, luli+i°rl~l7 I
Ater 1e A)axtg wr't.i` 1,llr n roi-;~r~~~e•sr,tl r~rjr,t Ir.lq
r,l
14,ju,rtili,Y4if'd rr,oi7 b1}~ J/I Iloi`_ta, li1,
p~r,~~lc n ,ifr~.'n`,~ t. +^,rJt; rNhT3? rr t v>! x,m! h { r?r 1 J, I'
rr~') 3r1l l,966`5rt ~yfA,130,0001i 4,11 ,8(548,4,1W jr ustf'lu ;,v,119731, rn~;6,b26,907: , !'112,175,000 '
r1i i 0i 1974,ra 5;822,0001 a!?'12,620,070w~ , 11l.Ct
.:f111,254,2( to
h, F,unrbr!146Ti'I b ),?OS,OW~r,,lx~ '.'ri!'
11 1968 t, uii;4,669,000.4i :jr1,9A2I,000,..,, ,1915), 1. ,7i216,2M,-l l j 13;350AOb sir i i
tu1 .ua1i96$1910,''r),tr11il; G ,6,Sr566;4181 u 11i 9 • I 'r,1976 Jr i7,264,1x10. 14,080,040 j
,r,s. 1°r'~~l'13
,495,6~1 ~ ~ 714,119,000,
„lone 485122) -Al 13025,7W0 l ii;)wl I ~ l97?ur,,;;l?.923,000' _
fra'I rirl•Z197k 6,10811$,1'rlirir15,05A,11M bnr M6 ni1978i o oil%394,000 116,4$6,000
11'Jri1 N14117 100,r~ ,i Itl7 0 illo ,r, b',n rlil ,u sr11 eu, rl..
tri+,llur~1972'li 7,164,4 r,r od) b! 1 .r,•f,
' i'J ii. tt ~'~~I 'Jri I Yl,il I:,'1 elrl/11l:'$ P r1liilr(7 5'.1 pj ir',1•If, 11! J el R4;I ,.,.'1 /l I
(AM),rh)r,1,i' I!I l.Il,,r,i,', r iht;i,Ir1:r 11:ir t'. ~I,nli' q 1'iR1 {N$1,rt1 1i'J5 17 n: nr, s . J n; 1..,1,~. ]}J L~ .I + 1il',i,l;; Ji 1
i l.ll I
Wastewater Treatment ntafi
The City owns land operates an activated sludge type wastewater treatment facility(~l(a IJral eltJmnt of
t cgir~ lettd
lop is 4 a tl
9h fP r Si x J9f M 3 1 1111M 11 A ! MAR Qoi. I
RIB ti p~P'S
►4 P~iP ~Yl S~! ~o ~3 fi' 9 gf ¢9 F54 la pep #~e t # a
an nnt1)! ~!t fl r?N ~j~7.•l`jt ~4 , X159 e n #(~ft}y
Jf. iK7f , ~ . r r, 1 , I ~ ~ r r r 1 ~ J r
Art D~t~p r '
P fFFRy 'l~ RfR " 4 r FP .f!!~t f A~,faJ3fii~S 100 5,,n1l;
r},'p, 9~s ~t'Pli~~ ~r#F# ~f~alns~l
hi ER~'fA~}9!}f, n i,~t' , 'S~ lfQ,~fJS} $4 y ~S b ~iA 4`'
QnF~` 9.1,9i~rgg9Si LtI P IEarJ'~i l!at ~4SA"tiI~RR'!~"11PS131 t',#A~Sr~~l~ ,~f cc) ~PF
Ifl Y r in: ! , nth i ni Iij1!,ur. Sl,ri1%rr: s111 la 41h116Slllil, Ill~rrUl7,l.,~f!
r',r, .yifl r~ !
lr~hnl111fu±S Sri ~,rJ1lr,!11i ,I ,;I .
lI
ar~....,.■■■■.■■
'Fir
r t~sH f(y~Y.
r h i.r, ia~ M, r'"tiAb w.A w .1
1'~t ly Ia Yk~ , P , , !Y r 1,A w r l 1✓~! xS r S x~
.FS~'►kP~lTt~p r•
i >f r. /1(DfBr SERVICE MVIRFAMT5"1P l sl
WATER AND SEWER SYSTEM RE"jENVE BONDS
" 1 ~ :Ir di i ,i t !);.,rll ~l" ~ `r., '1 `r _ I• e~+' t rl,.+! 1
I ~ r• Yir'•1.~ rI ~ t .`1 .r.. I it ~.IJ `~~Cirlnd ( !r < ~Ol
({x414 ear Oab IiIiCa= Bands The Bonds Tdaf Prlnd
Pnlilry
T temper sJ, Prhrlpal (alcrnt Total Prlnclpd Internt(11 TWA Regairnreele Re14d
191~i ~ r•3¢S,~p00 , S 3O¢,30 , $ 671,368 5 0 S 63,33 t . 84,3 J'I ~ t 7$I jf` t
lisp 390,QM , 268,568 6781568 0 , 250,000 250,000 ,r:, „ 928.S64
l* ,490 04p , ' 269,508 669,!98 1gQ,QQO ~SO,Q00 350,004) 1 0,19,3.8 ,
1982 i4pj9RR! 249,376, " i4l if+, I ; I11R41660), 2431,7~0 31'lm7501,1,lp'l
aQ a /yy~ (,9QA o (gyp (y, (yy~ { `q~
,PPN,,f, 4;9pIp I .~~(IYr'l5, I I!'rl"Y~1TiTy. t'~~,137A1~ ' ,of ~ Ali '17 1 Z2.a3as
rT~
1984 425,Of'0 20,308); 635,308 ,100,040 l 123k,~~P 331.2 1 ! , ~,~55¢T,. 1
1985 445,000 191,363 636;365 225,000 225,000 450,000 1,686,A5
1P8. Ir, 14.4 21 ,R3~ 43~lo934; n1'1. SI1;Q3
.
6 ~ la ,1",~iUi265,:.1>.'64¢.2~5+1'~2,25tQ~
19 7 t1):14 3~oQ2u , ,49144 ~ 11 ~3.8.090,1e i i22~,9~1, 19 •,$~~,-1., , .l 3 l ll r.1.1 1~., I,,t)
19 8 440,000 128,550 568,550 225,000 182,813 7,813 91$,363 53"91%
19P„ )1 ~jq 1190. ,5101; rl,lrtSrSlJRJ lirtiiPPRII rrLl,7flMq:I'.,n Q.lA79,,1 Ini1PSW
1990 400,000 86,278 486,278 225,000 154,688 379,698 865,966
1991 240,000 66,950 306,950 225,000 .140,625 365,625 672,5,3~J,Jty
1 r2 411000 53 425 93 425 22 126 563 351150 M988
992
9 ' J l ) IU i 1 4 77(1 t l i 1 tuti' 1 1 d'11 J 3111 72%
4 , . rr~5 Sys o+ s'5 79.
1h
l~MjJ, 1.1 0-. 11yI~ 1 nil; to b ct~a
1 J714 ~~Ilt.fll~'Y~~~~_
~
r<< I$Jl1i',r 1 11,in O{I ~'i 2Fl11I ' t11 9'Jt ~ rl 11 ~i ~3T1 5)t4lill l ~ in hnb43' 1~ Jf i
~d1 rte 1 b1O
1 ho+ll!' IA^t'A 1'1 ®l i1ii6 ~dytl1t 516 P4
199 a , , s t )e, tl,Jn),'J'4t~7iY
rat)r,' IJltf 5~'' x2 alb 15 ! 1 vti1'' > 1f~~lr+J sr!1 7
1991 .400,040 ~,50~
1496 100,000 6,250 106,250 225AW 42,199, 267,1198 r3AA 95.60%
1999 0 0 0 225,000 28,125 153,135 253,12IT" A
01 bf.4 Ii rl,n'itl & l^,>i)ilahi'~ o I,f,l, rilril~Et 01 lry ?25 Jdl dIi 4.065.1' 11' 1239,062~r"~ +11139 bti3 100.00%
Z
S7 2 8
56,230,000 S2,k4t.266 8S'87I, 54000_.4 3e0!=3=37 ,J31 160
10.1., Alut e'J;t ii (d 11"JiAlrlyt O~A0!~, t-A P1~Nu~ tihu 3411, a`,{rvI III, h, Ill r4r k lurk l (t,l
(IyIhtsrest'onlthese 54,000,000 Bwds 1141 been'catt:utxEcd a~ tiie.rAtelaf 6'25 4 fnr,pprp4Ee~~( i(lu:tratinn.
nr:!1i 1~'J t~;n laur.utn, ili; nl ;:11!x31!)1 i-Jrt {f•,')( lei tl (Ijn•1 )'JUIX)r.1 04 I;ni L:~~i1a1 al9l rl 't l,''e~uns'c1S1
!;?1 'l') t[7i 71x'1 Ir! I I!~ i.".'}!JR111!'111).{fvl Ii) 1f711111T''A e.1041 lTII, 9;;O "7xilrl x•14. l l tli; ~,'J 11 nt:ll• (0:1111 i)(14 Tits
,ub ~Jl+tu,•xf J~rl) r,; ,clrl:vnri,l} I,Ir;1 ~+"J.•131 ;,:1 I,r,l; .>h;11,s1
nil,twl,fll 1,111, doll 6,1111111 1m,lrI 'A' do ili 1e, 11i,) 7111 ) ~l!I; r`,i1o11 1111 i1 Id1
II 71 li;rll 11I,'J '17111•' 7111 0i,', ii )t0!1 xt!Jl,dr. 4r11 I') 171111,7 741 141 t'.a>;11J 17',1 i~+7 {I I• "Ais! 1L:'!~'111111
1;1!1x'!!1!'1 Jr11 0Jtil;I r11 LYl Sri l l ill itl iil I.on 1. 1)nr1 rI h111 /771 1!)'! J{I 13/ I i1. 7f. 1 .,.;d?!!j1 1`l7~ln
X117+'.) yrll ~Gp ,r l,P.,, EI 11si11,11: tr1'. t• 711 1,f!l: ~kl A 4111 fm 1,:717111x, µJ 11.111.7 C.i t :,doll y6rl 111 Il'1)II1i171
U!1~, !1'107711 !l.'I' ,?s ,4)!)'1f117,6~1 if
611x, Iii 114,d1 ~~Il`.1 y)1 ,>1'Jnb )1140x11 tJ111~1 rnx 1,1 Jlr;r ll {Ila!~J1 Jrw"'irl I,I wd 1 LI li {J)
1141 1t11 UbIl lllll u, ,I1 J1'Ji 11;!11 r;tillli? 1) 1I Iv e7111't' e jrlI 1'1 1JI4 01.IJ I1}IIr;J 1,111, 87?C 11t101,!lilJIAi niOlIllrill
11,'Jt7{b )1101]x411
ebnlr
'Al I') 'hou'l 14100) moo ~i).tc11'1~ l(p) -A lido dr bxr~tl,'y". ~,lil l1, n1;j1,7511u ~;I) hlr,tl {J,lii',ll it 1frJrJ} ill'.
bJtt,nJ{d~rn1 3m rbRU't G:i~h{1t 4r!itr~'uY~dt ,6111 )cr41,p1 ,I,H 1
l
f t Sw Fv ,j 7I r , ! q s x ` J w w..
~ [ iV,r4 ~r ik d i
Kt } rho.., °Fl l~fi wy4 6 1L ~V,., ~M a } yfY 'S., ..y E'Z}In~r
S(!i►~M niRl[ ~ Vi
CERTAIN-P.RO,YMON4OF THEiRONR.OROINAN'CE
Definitions 'IJftrft AJ/V>iSl I/tl2,r:::111a4e (J/.t 9111111
The term "System", as used in this Ordinance shall mean the Ci!y's cor'plete Water and Sewer
Systemtl, tpFluding all present and future extensions, enlargements, atitions, replacements„ ap0 , , f
y,f,,,°•mprovements thereto.
The term "Net Revenues", as used in this Ordinance shall meant1I gross revenues of the System, less
the eKpeh`si of ope~etid and malntertianci, including all sala{ties, labor, material,, repalrs' and extensions'
'.1I fU If. I^ I, ~only such J,. t
necessgr to render efficient servictb provided, however, that" repdirs and altensibns, as in `the
judgEn Ibf the Cily'Councd, te3s'nably and fa.trl exerHSod' hs are tieces5hry to ltee¢"tire System in
6A render o the C~tity Nlythe inhabitstnts thcriof, ar such as rh10t be necessary
opcr iio A~e~ uate abj'vJce t
I
6~ C; a ident o'r''c6' &d`ition rJhlk6 ~tvould ot~"e~rdiie imp5i the Born1s oitd tiny Additional
to rea1b6yne physi
Bonds per'&tted to be tis4tltd, A'Adl be deductedIn'determltilni ~'Nct Rtvenues'
?r1.. `!~)'(1.t INl'1,11't. (ai+)'. jlgli~f
{ ''Y'} „ S • it ,
,e~ ~~e~m Bolds shalt in~an collecgdety tie S4,OOD,Ot)0Sericl~(979 ,BondsrhiitEtbFized by lhts
f Ord lpi}n,i~t nd all "re:Ye lfy outst~ahAiqiwater I r sewer sys i itt Eevenue >#ondt (the Ontitidding 13onds~
t`1`heyerm "Addhto$a1 Boaas' Ori~ans thb'ibJ(donal boit£is 41ch till Citjt reserve# the Fight to (stlt4:~
f), )Q, ,le ij ,t,p'E I i fir-, .l}r.A n';.`, ll,! d'rP) ~?h f)(y
Pi >'Xf) %i r1'lli, Y,-1,011 (l(3irC. rP,lrll
ed` ~
~Yr't,t' f r Irl till rl (Nilrf~ I~R e fl;+!I7I kll'
c c'` (~t11~;41f the Net, x'ratues of il<Ig item, w~(j tbp;excepti ,c~ "hose l j~ otgs of the it its required or
es111011 t, 40 malnt a funds,ys h eeinafte(Rr hulled, arg jetf„rrrty~ Pledge, ri} a paymen "qfl
the POP And of ~e itfona)~#c a if I~s~ ~rfder lh ' ri tons a ~t} the ma Ail cto ~~l
1 Ronds~ in~H I
Ord } and thc,tgtejpt 04te9 it R b yo ~ alete y?'l tit a Bot 0 °Ny Al
issu gr the In(0tisit 0`ereon,.laconstit Tirst lie ssaid nfZvfnues•
4~ 1 'Ix9 @ (I,1t),00t sVQI
twk).?p' $ft;F,Ct bt s,e$S 8i 1,St tif~),rr. C%r. )l 1104),001 tV I
Rale~l L2r ri r~ti ~~I t;r r?fn)?St i) t? t,i>,~I
rn),IUJI ► Thc,City cov(tX,rtts< pnd agr4 o-tIth !he;hgldgr) of thip Boos dnd t1se Additlonal,Bonds If and wbgn;
(a) That it will at all times charge and collect for services rendered by the System rates svflicient .
nc,ilr~tr!t'~ pay`Nt;topcraiing~iinrf(tnalntentince bapdstsl,~ andabtlret,~oksided4btibta%~io~~+ltarmEnlnbdlt~dt; '
Revenues" as herein defined and to,produce each fiscal year net revenues in an amount not 1069 than
one and thirty•hundredihs (1.30) times the amounts required to pay the principal of and interest on the
Bonds, and the Reserve Fund payments, as they become due;
(b) if Additional Bonds are Issued, the City shall to the extent required fix 'tnd maintain
additional rates and collect charges for the services of the System which will produce each fiscal year
"Net Revenues" in an amount not leas than one and thirty-hundredths (1,30) times the amounts
required to pay the principal of and interest on the Bonds and the Additional Bonds, and the Rcsewe
Fund payments, as they become due;
(c) If the System should bxome legally liable for any other Indebtedness, the City $hall fix and
maintain additional rates end collect charged for the services of the system sufficient to provide for the
t
pa;ment thereor,
Funds
All revenues derived from the operation of the System shall be kept separate from other funds of the
City. To that end, the following special finds are hereby created;
(a) City of Denton Water awd Sewer System Revenue Fund, hereinafter callodir Relenuo.Eund.it
rrr 7t
tl 611 hjch shj~ be lly;pt +n {he4:Cr1i1Y4FP1 lt9gt,V4,nil l,l I , il:;l 14 ) ,III
„!-s h(b5'C{tyl'bf~2nib`n'~'41i'eteY $rtid'!S`dtiVcr``Sdsl`tiro'RlVdrrile"HdHd'{pf~Fe4t'ahti`~inkih' rNu~d1
4retnahtr`ca1lW "lritereil'tiMd S~inkln~ Fu1td", v+hlcli'shall be kept t~t+tlr! C,ty's'dee6sifotV b'xnk;'
-411,1J Jf{ rh" , r i, '.t!! i , 71 `rj tl.{1 i?n7 it fi. J.t
(c) CHy of Denton ,Wator and'Stwer System, Revenue Bdnd Reserve fund,+hwreinafter wiled
"Reserve Fund", which shall be kept It, the City's depository bank. 1,!. J!!!'+;, :;,inv•
rllYf {
Revenue Fund 11HI071 7)i
Ail revenues of every,.nature rota!red from the,sak ICwater orAbrotrgh 1h4,9P4rati.4n.9f.thy,,$Y►'"n
shall be' deposited from day1to day as collected into the Rcvmp,FUndr and the reo=,;,njjc and,prolver
expenses, of oderalinb aqd malnlalning.r a Syslot>}, including sala(lt:sl labor, tut4.malO0.110011rk6.eA
therefrom upon approval of the Cily Council. Revenues of the System co: actually required :o pay expenses
anj costs incurred as perrnitted by this Section shall be deposited in the other Fun~j,,FrsaW ky;,~hfF.
O0in~a,r)ce,~each,of #icl ;,,i)all 14a<<e priority therclolInr the or~erl in which tficy plre ~~elted Inlthclf~l~owing
SC~ir9,n~'„ Ir ;rE .i Ihi rl! r..l ,rL~
Interest and Sinking Fund
That, in addition to all other amounts required by the ordinances, respcdIvely,,,,Opthorar,(nZjkbp
%tftan4in$ Bind thrr~ alts!! ' deposited { t Inte~ %t and Sinktn u,[~d .,eared {pr thn Lu.~n tit of
I 'J I J"i [I r t,;d - l l !l~' 1o Ur,rl V1 1'1 1 7jf I rtdl. f!Ul 111 J 7fl I
I
, , 'f h~ ~ s e 1gCb {~g UJ d A, a au I tte r 4)Iltitb~.' I~,II,,I~ ~r{ Iluli~ ibl~r,q t:,lu ifibLr
a u,lA~Y. A4 ~ u►B, TOP J,7 ' a ►S1'~a/r l ~ ll na
d~++,.I1 bf,( . -(4)AUth'dm6iHts; im t!4tlet et.thlyirsstall~,`e'dtit't~edd bn'a~ baron tb'e wwsyor6 hmohth
t'Ii~ ti'eta'a4tlF;'!tb"e1i11bd dh fah't'lb`bey'tN!'idtfrds{'sbfi'edu4Edib'061: r;dudonillid3erlas,1979&fnds,un
n1,'r}~ rJ rkalih'kP~ttr th144tiddlepi-Apro toom io>[ul ni b%jeel :of o;rri brlt,H Sr.nr,-1414, .;if ,va.~i),
ut y!041 'ofi l)b brw ;now :w Oids,(rl triflinns~ al,tt~El Iw;4 )ibbA o! 41ncr runt-Y144will lt.nr,,ijibbh r,t 41 ltchil
such amounts, y y Installments, ado 4n or before the last dFX,Af F1Krg9,
11 I hereafter, comencirig{n equal y. 19tlo las will be sulliel meAt to pay the next `maturing principal of said
Series 19M:.BorW5i.a1' 50'tkff e1:r;oH ll,noittt?bA 5rlt to ono(! rc,dt 19Itilloif ,147bidV7') ei (d)'
Retkrtb N Fuid'd ,dl r,nir 1+~:~ br+a t y,~~du}i ~rtt bn,':1:'e l 4ni+lrt? t)111' 1evo7nl
That the Reserve Fund heretofore created for the benefiaf ~atfd~t~tr1~'ij kajwUkiwds now
r gntKini ro0fisy 9hd,inYQalltl4P1t1,91s1 l£!l1,tQRll,)l)gt um ol<.~ ~~A4> . 5n~,,^ 4Sit 4fF, tl!f Vf 54y gijach month
>lctSaner:lh6te !hall bA,silAo3iled iplQ:th9~3Ai4fvF N9d~9fdt ~lil9 iFR blf fdlNRl1 ~Y+1GRtai4Motlos will
c.~wt;e,lbe 1Rowrva; Fuod.tJcogtt+W;WithIA f~o;y~ttts, a{ts~,t~~,d~t9,lar the, rust 117,Aypflol.rio Am9lint or
MANY, itnd.J.YIPOM nlr FqW $91,11reAtmagv pAO# PCintlpol,silo, Inlitrot; S+:Aylrsl elf pn * A POA (the
~~w~ryxt>z~4)r1:tl ~~1GP,oS'r+1`s~kIC41 gf14~+1R4Add1S~oAp1;41SA9r11~4,hb9>~.bgIf41P~4,il~9LhR,rY~5ArY41F~Ad as
19fi8.4.1114,ti1nrtcyp loxiolMenttf,tpfF.t~4~1r4.49V~ to t~,R4sziv91~e9V~f~ ~.1t1U~4~is#Y1,1}.And~~l~
.+,onvot
as~NSl4kl~lsuy stra.~srva Rwak~d! i►it~lr frlAbly,4wvsit;3linN ! ,mild,
F,c><ty,p,F,q►id;le, liC1ni~4ii,af,Sble;Y.tl,Q1).(after
beror`e tho last day of each gt4/ilhttlNllfi~4lit1119 ih+~,i3ki4l~~ftASff4!►l ~9t. ,
the required, deposits have been made Iold the Interest and Sinking Fund), in an amount equal to 1 /60th of
the R&fviii'Regt,ItW`A'ttibtlnWrttttil UhAlMb!alltbc0Rtkr9e`~Fun6 bb beenrWoredttdrtbe Reserve
Required Amount; and the City covenants to keep and maintain said Reserve Retlulred 14rttduM^ln the j
Reserve Fur~'~fitj t4s ripp u d>hpll be malntalged s~drend on r Iv sled, for tpple be 4ffi of the Bonds
and all Addt.,orlsl do II in ac ii~~di~cZ 1ili'(1 4~4_ t, , ><ii 1F f ~jxv l ed er!ad>iu piF4111e ~~d, set forth
In the ordinances, respectively, authorizing the OvIstanding Bonds, It Is RRrovidder.d, III ver, that iif aq
whsnever, due to investment IAcotr.e or otherwise, the Reserve FruRd'_ifHflifitt7lN ilMOInfm r?~~+Eli3 ul'lh
love RlgyirbdjArfiodritItysh rittddss rllolV Ee de{ldslttdtnmediately !b aN! ersdii'o! !ho'Res~And Fund.
64 1`]l12f; 4 11 ) 7r4r .Uri 11J114jr' U!I 'Jf 1 flit l,. r11 li llUilltr l,F iii rl+n<4t{ .I:1 7'-I (p!t', I I r'.i r?S 1'. fr'
rrti ni tiro; t:nta r k, [rulrtr: •Jtf1 nc ,r,bHnrl ^.;il'tp ix~ldntt ill »i,t~'r'tirll~n hExlarl n~rir 7t,1 yallL`tnrpl nll.lrlil;~s
I
1.4
4 R'
C~ 1 d Ijp ~I r1 t , t b '
~
a, n!~a V I, ti N, r_...;. r bt 9:,t
"Rpm"
r
d!{iCie;IC{ta in Fraltd>!' _ .I ,
If to any month the City shall fail to pay into & jnfefeif al]a SIAkirlg Fund ihd the keji?rve Fund t nhf
t af4rt Arid O Into nd ,uch
f4,ii PInG4,Pl3 abo11C• step)ylpt ,.amounts eg4SYaj , % tq su4h~ £~4P.cte shplll be li
Pill p
Fyl,pd: Gpm ttie;first,ayaiyuble Pad up alloeatfd,*e44q$ Ol 4~f ,f94!oy :~~l`lh,.,4rr.'1'4~'YfT~
paymcnis shall be is, addition to the amounts hestinabove provided to be otherwise paid into said Funds
dosing suvh monthfor Manths?la th~extent 'ALces~!ry; the City shall irlfrrase tfib~rates~andecharges f4tr iI,
srrvices of the system to make tip such deficiency. i1 ]
'rnui ,SE
Excess Revenues
Any reVenul!i in txcesl of those regnleed tb establishand rn'aintaln the Funds as above lequlred May be
owd for the oJehtptlon of Bondi or Additional Bonds, the poichase of Bonds dr Additional Bonds Vt"not
b>tcW,ihj tfie d11tktl'aa1ife lhttehf; of for 10'olhcr ¢IlIf10st nbw.ur hereafterpermitted by I&W,rI
/:f i - Ii I" r,,l„f rl~ ii!:'1
~ fl! J~114 J7 Ji t:lh J. ':115 r!, ;l;tl I I rJ :,151T51 Urt,l I) _ I
i~ .+,rr191 } 1 1 1 ilrr./ rf!~. i, f.l .1 ,1 :i f 9i 14i;H ri L Ir.
Securit'y'foY ihunde'
"i~l~ N, as creoled by'ihis brdinsn'ce'sf iiiflie secui44 (n the mn'nner end to the, fullesi b>itel~l pear iltti:J by
law for the se:urity of public funds, and such funds shall be used only for the ptirposes permitted in this
Ordinances Is `rut ~aol~rii~ E?rla 1'i„fa)
f,,i1l
r J l~rii , ,'c Rl11i 1 'elil '~fl li'~11 ~'i1,1 lI.I Ui!{ II` L.Yi, I I LZ'. IIEJ r, 111 '
AdditSor►;l Botrrls , e ,I,~~ . I , •,,1 , r., 1,,1pr..,i,,''
In I' , Ii lhC i rll~y ~ tyr tl'.eCl S t:i[wt s L t`1 IU C irigl" sSUlOra( lt~U rf fO ~Yef11~ stim d Itlie
~a t e Uof t~I f 1 h, 1 ,I I f ~t r
additional bonds shall be called "AdditloQ f onds , e Au It naY tl0, itds, t~heA iss~ucld, shat and to he
sad payabls frc(tt,a f!rat.in Pa,a04 Pl ~8n vt ;he ~►S.Rsrenu~d,9.~ 4hi SY~SSm~ ln,,itlm4 i11pt10qr
0A il
sa11111t Aill414rf,?hs„Pt4u,W445~s~re*LOAAgiA~lli9 A,pool,~11;an,, irasfIiiI p1.1equai
dl)l ,nity. The r~, itional Bonds may be la~odHt in one or more irct4 V{pgdi0MvFPx1sEPS'P.R,t~jt Piftance ,
releting to Adc~ ions) Bonds pertain only to Additional tynds MrmittIed by this iect on, and do n~k relate to
(sAiditit~lk' dsf N',i VIII trl l.rii I,) fie, ab];r. ,j')1. c]r tl .rp;rn :cl]p~ nr ,rlnuranr; ,i,? J(i
Irryir.Ol kl ~nitWErit Syyn a it tlij u1 Ip71,II V? -A ii~'ri ak_ `~4f ,vllfl. tit ~ynftn`ff jfflJ~ .'t'Sflf,Irs i
(b) Ii is 'provided, however, that no=te of the Additional Bails shall tit tssudd 01fAil''1
({I;'Tht Interest and Sinking Fund and the Reserve Fund each contains the emotioLq Jpnoo
tp14!'tf9~E;~407~!`~•f; ~~r I.!ks 71~r 1~71~lIJrIDd Llfll 11l hit G'l f7 97f)~f1171~i"~ illkl { ;7J 1Y%,9H J1,1 1t~!l l
,1!,I,:, 6JLj'(J)I11ieNAl:dfntAWf6'r66 f 4664Mtvdtot1'6 ills't1AbillbfIN1iReEnM6hibs1ipr0redingt
lI";,brfdrrihj,fi,61l afWAt'plft"IN-'a';-thedktt°JflthdAddRISKfBdMd,iWf4d+itrtii'la'asidaytforEaril
Iflthlrf'rtWedih't(fr30~"ifmg#I►ha:'f bMhi r~ptl puhiAM iintersir'fegirfremillm;'`ai13~~cdtrfrei,i kggyritl rClfi if dAyei slf ti~~'tidi'totbtl'ti6tlrtdttdin 0110
th4lif iatift' (ft Additlotial Heddai for the
i, yel~rahi n4t~rN re~ulrbi4ivhti'n'~eih~ rtatdit.'glty> tt Ha >retdtn dies IoWttf "fa ltkorl al~argrtirw
„ "~t~¢',rd' 1t~'dlifitsfiYr l"h@ '1'MI' dtlEtSillilt rfi'}tISJ Iw IlellQA-311,. Ytll 1 1Ihir ~rJ3i"ferenUei' [Il'!~
I dtfiuNifrl~ &isbt,~te' ~t~~b~ ir{` rb►ibnarn~ ~i,►~ ~hrc; ba;t`hat'aeaa~Mtrtrc~ rt,dit#~rei 'Al Uhdtk
,,n ~tLrn~sr4lr~~bvistlh~6ck:.~wr~!>a i>~ All, ,sitaf~bx'itliitVl~a;l i„ ,r;i, IeltJ.i:,nl ,I i,ji
Ifs (II(W I r,] Ii u1,9 iliurafm n& pi ibnui 4nliitie brit: 2t9v,i,l ed] ttlim hlrOil r. , 'J10 tit"'I Ib h'~uul,`rl 9d;
1 Atldu►innal,liaAda>tfa~]1ads:to,mavrra:du~y~ls<oGRash at she,y4irop,~hishsl►"
, yf f+'sc~IC,t'~II~l (lei ! of?f tr.'In~Ir15i
~tf1A1~1111YL1Z9r~Si I'll,, lulrlnir.fn iinu ll,-JA III r.01,11rn•, r l` 'Pitt, ;Inu+inn,
- 1 fl~~',11
is ti f;l'tr, l I i ri '.r I bnn i Ir dir,fl~rr r A III I III, IIr 11
I ` I ~I•r C !11~fI n$I e~ l~ fi U r ri~'e
i Sa f ,f i Ff~ ) ~ ~ 4 , i~•~n~.9 ~Ne fr~YTff i1 F~~,i Llfl iv. r,f rf] ]fl~lln is,; bill,
liltI1 ' ~f Lll] r'l ~lif G1, .I bJ.J ]
}r~at if lf,fiµl.111y N(I~rjpp~~,ll7 l(l~ ~]1C 7r~1 yit1 l~1i QC.eblirAl Jllibril.10NO 9111 + IIIU7Ufl]US f,}9+117 r,~~7 t17J1},;(}fir?V fill fir
' !?7IillSlteh, ASe~~54~fif;G fe~~ty riS }<1 tan~P~nL~r ll'I 7117?7`t 7111 .41r 7r IJli]n 19 7rI Ubf~I If4"I[ ]~1.•r't ill J.f It i'~r'1+1 ;rli rf
ir,t uThe CityAbU tnalntaln 1tiw SysFCOa~.la gao4 icondit~on iA4l ADsrpte lbe i~m9:tn nn+~ftcenl ~F~np>:t:>tod
at a reasonable gist, So long as any of the Bonds or Additional Bonds are outstanding, the 04 agrees to
malniain Insutancl for the benefit of the holder or holders of the bonds, on the System of a kind and in an
r
F`7-TM-1 .
ntn'ounl which us°udlly sJould ba l-Arried by'Privefe edmpan"ies Eng2ged Ina similar type of bt %int~s. Nothing
'tlil Ee shall be'cbl6true6 as requiring th!'City to expend siay funds which are detivtd from sources
In olhe'f"thslh lh' Oidinl! opertuidn of 11116 System, but nothlrig in rl in shaft ba'coitstfudd as pttkehting thb t:+ty'from
doing so.
1 t .1 J :J!I 1 1 i!! t f i It r! 1V 1 .tl I 71
AQnn4f „ d': 3 i ir111~ t f ll ti 9!!i
not seato fror r punts
The City shaft keep proper books; 9f record ON seep of wof all tra all atl4n¢'herel ftN rs a aY
~ to the m,
of the City) In which compkte and, correct entrk► shill madf, 1ti 4 P$,: I ste
and shaft have said books auditod onueach fiscgl,year by an indepery¢eat ccriiflec~ put~lje cfopntant, The
fiscal year for the System shall coincide witIh the fiscal year fixed by the City Charter,
Aceoupt)ng fle t~ .'.ZI q,'. 1 li tl il: f'!.',! .IiV 'l t?1 fU:': ,tt fJi'~i11~i~. 1 it h ll flr 11'd~ ~'ifl N' i'11' I! !P~`.
i r,,1A. JI
Within ninety days after the closa.cf each fiscal year bercafttr,,the Cily will, ful,A)sh,(vllthQ4► eo:t,) A'
signed or certified copy of a report by an independent certified public accountant covering the next preceding
nbu,n,}!
fiscal year showing the following information:
- t.h I !!V 1,'7111 „r I; 7!1'1 r!1: ~fIL `,!t :(tl 1ft Ij Ir'
n
st $ta'temen
a nd Ct¢e
(b)' Balance'Sked as of the end of the fiscal year;7:11 u'
il
r ! ! illy ~4o +I 1111 t)( UJ .'f fl IIJ, fltl : 1 j1r• 'lliS 7 T I, 4 "r I
.dl ~.nl,rrlitU r+I t 11 fht~, I. ~I,I I.1 3 com lie W~lh e,
vlrir~ atf,~f~1Ac¢4yRslnhs, m(1~9?I~1~~st4~,5~,lh~
P' ratiyl~ l~_~Yfl9;~~;O riitl'l1( lr}rjt'I )471x1 pGllft, r!r,;i lq 17 U11L ~!'1r, ,11!1 R'S tiff. (fi 14 (57+i t1{f[.
i ;1r.rlfl ,1,( y. 'l xr i}a}tCci'p61"cis 'fk for~iitt lh'o Wd bf theY&f',iheain9. Af to 'each 'Plitrytt, t
Q' }i , ,fur.l~b tly") /(1} l,; 1, n-)r a Sri u1 t,~r11,[!ir.
''t ~`~f)v~ei•~8`t ~~r~~ bf `t~t`Ei')ns1~a?f, k!i~1 tfib''~"+Rdit'atldli ddtt;;
l,~bi +~try n1a~.^; r~rnar 911i`Sxt" b i 1o01t,pgid br,rst~,h)r ~I;h11r, Pe~11p YL lnU ~rni1 e,l a~nEa an,t'! bbl
f,frvohit,(o):1Wnuftlbeatiff prOp"trttealurbecipdNtf!h.thgmat isaQd.soonirtitq>a~t4AOILoa~l.iDfOM,
an+uluy xl a
from each said system for the'year,
(f) The number of unmcterod cu i'Vners of the water system at IfStEs t ~tt~iR~,~1a :~s~ ttmotl
(Q)'ThdapproxiotatdneMbyr.olgakEdntdiWatctftowinginto ,tligAt"ogv.oftk6o,srKtthe
nrnumbtrr.dllgallons'a0lrlldutln$thd,yeilrr, l,u„ 1r7~t~r11 arl,n,tt.q tI1il;nrrh ,)'1 idv,u rtl-! ,ru i ra.~' 'l~.'1~
Speclal Covenant! inane;} °,.',rttolFf, (d Nmiggt,
tr; t1. The City, furthettoveloalt as rOIIMNsa°. ool'At ~1riI1,?}, 11vi7"+t tpei trit. ,1,.! '11 0) P1 717,? 'it! I y
it „1 I Ylr,l a tt~ p ' II11~ ~:,I~; ~fi±t~ Jai! Iy>,' nr~t a,C,rj 131, tv 1>, y7rpl rl~fl~ hl t0 fq0goo1 l~0[la1 ~u la1,~i~t
vr~
I,x' nI
..1.. r~ (s:~S Ir4P~~R9w4 t I r I R ~1 ,(Sr, „~4' fir I , .
{ r ll ; I ~ ~ ~c~,s~. „~,4 ~ + ,4~?',i
a , ~;1
k4¢fr 1 5 t X111 , f~' 1.IP , 'lf uo rata i ae r ~ ~y1
I R 1 ~1
1, p n~ qn s ~,r
1ir,~ t~~ !i 03yf",~f1411,~g ,111t~ ~,4r P, ~}}1:14 . ,RR s'i , 5 f,~ I
such e fir 'o er h'h b'nc~;
sa1ge ofncomr, mann,'r tf}ai one bon j"s all ave >io p
P
(b) The City covenants and represents that other than for the payment of the Bonds, the rents,
rwcnues and Income of the System have not in any minner been pledged to the pr',ment of any debt or
obligation of the City or of the .System; ,
(c) That so long us any of Bonds remaln outst'pnd'ing, the City will not sell or encumber the
System or any substantial part thereof, and thal, with the exception of the Additional Bonds expressly
permitted by this Ordinance to be Issued, it will nt,l encumber the revenues thereof unless such
encumbrrnce is made junior and subordinate to all o' the provislons of this Ordinance;
l
f
+
„ (d) IThki no free service of the System abed bq alb.wt4 sod Aould thg'PY 4r:oy horrs agenFlq
or irutrutnentaiiGei..make oso.o(the ,reryices:anll futll tit .9t e.SyNem ptYm4n),. .t~4t99a'r4.,
;valdd thopof shall be made by the City out offands,frotn sourc4s.othgr.than 1de F"filim W Iro-MS0.
the System;
(e) To the extent that it legally may, the City further covenants and agrees that, so tong as any of
the Bonds or Additional Bonds or any interest thereon are outstanding, oo franchise shall be'~;'uhtd
fbr t1+'e thstalf3llbrr'dr'bp6raiPoti'of an~ cod' tang water system' or 'sewer llystern~'Ih'at the City will
Ff(ohlhit (h'e'dpcratlon''of arty 166 sysiem'bth2r lhAn th0i2 &W by the Cily, and l he'operatibnbf any
`h s' City' it heieby `prohibited:
siittt'`systeitt'by dn~"b'ne othr:lthrfn r
iiNvct Ion
Any holder or holders of Bonds or Additional Bonds have the right at all reasonable f M&A irts~oel
SyYd h'si 411'fecbr+d9; bccbuhii and dt('a,of tht City relating rthcretol,l
Remedies
in addition to all the rights and remedies provided bylaw, the City fl►,Itl qrc ,v&nant},aq apee. that in
the event of default in the payment of principal or interest on any of the Bonds when due, or it falls to make
the payrrenls as required to be made into the Nr►ds'crated by this Ordinance, or defaults'in the observance
or~pef(orsganFe of any oche of h covenants, conditi~os, o obligations set forth in this Ordinance, the
I Y rf s (h I t3 f'dNi ltiedf io`liliil?bf s♦iti~d~ht s'o~''b~hC~f a prbp'rlato order
I>1 vJ rfill a 1O
fr.4,r..JO J1 df ,t ~'i~. ,
IssuecY~iy►ac~ >3rdo~pro f l61;' pdf(rtt~li'fb'~~Sit1~14bl~~ Or~df>t1i'dlo~tffyi'b~~tni3~bn r to
and perform any covenant, obtigatior, or condition prescribed in thi
eit, Pr shall be
elit{fi34: #~Ylai$h~ t4l(pgW4ts,aadHln6,w~~ ; itY iS~f~4Nl> ah3~,"~1nPa r~;9 Y/}s9f ,.5 f ~
p be
construoedd to be a vralver of any such ~efaultA fc44 ,+fff14?~,4f)r4rYf uflai4rWFl+I~Y
exercised from time to time and as often as mly be deem , ex le`n , he s fro re tes hliric n provided
shall b$ Mholitlirbbf Alt'8t1 litistihy xemlrlies lhd tkc ptdfrcatioaso f,+ YrermtdieslslWI nOt be deemed
to~be exclusive.
Bonds ,a11}~$I~~atidS~ ,1" fu nf'Jlr.'+r! 171rrr'441 ICI ~a'?ftufl',uJ tr'J1tJ17rftrl1J In 17,91 f Ull Ali ll:
are ~`etrf '
+rl ri g ~dndi'!'ralpto4a) obllgitionY of ttie 0ay~ payable frdrq the ptodged fevahuea AM tht bolder thereof
shall never have the right to demand payment thereof out of.funds'ralsfd:brlto,be rolsed by taxalion.
Approapill by Attorney General
The Series 1979 Bonds and the record relating thereto shall a ilubmiteed th the Attoic ed oal of
hJ the
t~ y i be
Teaks or I ,app ov , arld fler he shall have q?prq I
r FFart g1 i .•13, q
onl'pl1e'orutie i~~cdni'b>~tS't t e f" w s4" ~16, 6itl ¢r ¢eC6r►1yC o11elorea
l " r eeJ g ds ~d + c 'Wit list?G I s sly idfl4 1 i e r611161 i~`sdlfic1lte of
~ 141 ~
d
e l Ide g ln' {ltre~ " d t3 , ~~t f41Q1~' f ill }i iohd; dNl, Y'dtt Cld }i~foifai shall
f`/q~r'~qfe ¢i6J
A#~ t I i II(1 Jft Ull Jn J tGr5J i'7itf~ 1f1 (1'Yh ffi .7rC 1f~ 7`.~0nt l ii
t is rpt~t 6d
be affis~ each bl~sig bdhd'6.
,'J 1f171 7fil .%bflol4 '11111+, Iflh;tl/ctrl 7!iI 7'31 llE, 11t 1'J f1tU 11111 <tll J~j7/ail 111L vlftl', fl'J Iti1 JJ' y ,.11 i'~J
111 Ill 1 I++a' ! i "'C r', ull7 r7E
,rl hi'Jh Jflh Iu 'l lt7rfk (I: rl 7A) fIt IJ7 ~lf J~rl rih7d lhltflf',(tl Pill ill I'M
lll7+ 1~1 9111 trJ 7r! i,tl) 7~1J trl r'U'Jr~i~ 111
'Jf!I 1:'flrf;U 7f17 11 11`Y 1,111 lit 1, is') '3llI ,'tltti)(I 0,111,) rl wo-J) nbodl try Vlf,, +L 4tJnl (10 if.fit IJt
(1J0,iql7r-I.dPalI1;rR.Itltd,f,hiltIk,11J.,'~trl7'JZ7-ill 1t1if N.11,1111:fl 1,,t,rni I I m q I; tl g rl 1;il 11,/nl r+X16:J,
rl7ur ??lulu Io711:;1 rhurlar'JT yrtt IX3IfltJJr,'1 Poll Illy, 11 ,irNt~+'i hd of ~JJlx,niltl) 01 rl! 'r,rdrrrrl
,7.!'a til~IQ f.. lr ~••r't/'~ `"~'l +v{t In Icy, hl bIf,IKll111+111% i}1111 llJ ill Sll 9 is If 7ir ~1(~~1111'J{I! .
, 1.s M..Fr i q'~,~~d i1 ht ,iV, ~~7 ~~~w r^.1y~3'~il'
ro n y r ! 1 t' ~ 5 27:, ~ P ~ `d,r i ( n ~h 5 ! T 4 S iii o .1V
rr° vl« +7 r
If 1~i aip4 `1It •`I l: ,11
,;I lit~l l~' ELECrTRIV SYSTEMI,{r t itt
The City'of Denton has owned and operated 4% Electric Light and Power System for appro i ero
seventy,yWr withd4t idlidtl'uption. During this time the System has expericnCeViOstliady growth
custontt:rf• arld,output, requiring periodic additions to plant and distribppon facilitie,!
Seri lt;eA,rO? I ~,nli rl;,~
The System provides electric service to 15,844 cuslomcrs located in the City, TheCity,,bascoYellanted
In the Ordinance that it,will not operate, and will not grant any franchisc or permit ,khs.alganwith
construction, or operation of, any electric energy distribution facilities p hick Wetlld.be in ape tl ;1l with
the c9ectrir+system, and, tO the extent that it legally may, the City will prohiltil any such colRPeung raC
1 •,r;~,14: ,ll,
Customers;) t _ lr,l,H~, 0
IId 1978, the Syl(cm sold 476,318,089 KWH of Electric Energy. The i'ollowitig'tabulatl6!t'slidws the
average6rhix_ d of cuitonkrs from 1975 through 1978 and the average charge per kilowatt hobs CtMI"
IIrViU U Ill rt~r,;
Yee FAl"I stomber W,
+1978 1971 1976 1975
AvEkAr1E Numm of CUSTOMERS •1 12,931 12,445 111587 ! 1,030
i
ResidehtiaL,'f a 1. ' „i! . r ; 1I' 2.4101
„~~,,,t 1,11(r
om~'rclx{hid Ind Jsirlalr 21607 L .c . 8
1> I ri r(Y+JJ CI+ ,cleat Ill !n i. 4.
, lheS lh'!V'1.,1 ..•il/ 1, r• . , rr. ,,r Jr p , 3 2 I 3}I '
To ...,1117' l ,12 1.,3,4
I r.l 15,844
IR Iii., ttt{ 'Custpmcrs. S r la, ! li 1 1lr,.., 'rill {1 !/!I
V~ RAd r wH,,nhlr > ,n 11;11 Ir,
ii ;
I 4Y r. r p
A (cC6 Y6r~ 1
~Resid~tiliAl ` 4152 ~ 4.25 5.68 ~SI
ttl nde, rr,,..• hr.;,.,, it la! lI 3.$8 3.32 j
6A. 1 i~ ,Inrj,f,ahA r4t1.'r It+1,7 d.F
1i Nl1 ~ Ii1 /,l)r•..,o U1J Rlll1, ':`al,~iu,lA,n r..'l/NirU}ln o. 1./: i^L )rt '1J r~!'!, ir, 1.,
The System's sales of energy, in KWII, to prinr:;Qal customer cldsse's for 1973 through 1978'weve4k
' folldlvs: U!!}. C[,.t ur;nrL'I l+rt!s h.l,,,rn ~,.1
. lo
,a,v,t ally L llllm• o-, r
_VM11 Shci00fJOwirNflH
!+r Bbl ,.~.,,,pl~ 'f~r,,p;l >~:l. 1•r e7, I,tt Ilm.r'1 .n,?7t9
Yell Wileghe►tew►erai,11
u<i r I .•••••r•• 1481923 133,951' 'l(Mol ,05;20)
Realdentldl,
w`, y „ l 56 2l
r "Comme 0#1nd Indu (f1~j W it ' I `r` 302,671 gzit3
I111,> 2472 I~ 9
Other ,.r.•..r..rr,r....•
ales. ........r, ..trl ..•...r••...~~,.•. 476,318 450r92p
Total r
tlt s, IfJ rr:I d~U )ir. N
„ IIV,V' r4 `t1
4'. I'? I84_-.
In addil166" t'o provldil'OvOr{eal 624'y for cuaYol Its in the C{ly0169t ity'inade wholesale sales of
cleictrlcal eeerg to Brazos Electric Power Cooperative Inc. and certain titles, a r'gutid$~ 131375,600, 1 qt ° 000 KV~I~I'd}rrtng 19 ~"'1076, 1977 acid
147 'le11c 4cly';'7h'~IfE~entes
3 7 t,~.
1'~ 1 ~ !000 42l,. and,, . were 5l5~1, 5700,582, b 5,465, respectivt ly,
Sp~iy'ed for suf~l,iij es during r j same pefl(A
l 4 „lF,t1 ~
.14n for , sal>rndp4 year 1978 for the ~rgest
.
)he fol4gw~gjj'hart Ipr9yKq inigrn System'h
54`tparteto, in Wolisf of both,peak,demand Pod annual royoqups• These customers,I~aken,tojathetlzep~cse,tt
I
3dA96 of the 1416electric retirntJes from sake, I I l td I •rr „e:4>
4{I!',r? Parts%Vf to, IrIit Vw 'ht ►'1fI-rlr
tillr,lrrtNrllI)
,OWI'lell I','2~IIu~l
1
ty'g
t r5 1,M } " •lir c
" Fk~y~Gd
Ora ~1 r A ~n7.7 ~~ar pa b777'',
DE,WTON ELFCTRIC SYSTEaI
TFN I.ARGESTIRETAIL ?DM'EttICISTONIFRS
1 1916Petlk:~l t' Il7lAaraa)
1 t iY} I ' a"
ell 1,7 if, , - r ,fir
i`
,r J' 17 ,•1(11 ! t r
~'7.~abt r1~P . 4 rill" 'u~ ~~5-~ 3~
J~ 0a .
1'.i
North Text's 91 ate 1Ynivetsiiy.,,..,...., 5192 At .41 Texas Woman's University • 2,491 b 41+r "
; t r 333,54
Acme Brick Company 1,207
Dentoll State School 1,932'`t 292,238
Victor Nulptn"eht'.~~. 1,629, ,i 260,594.
Moore' Business f"otmd, Joe " ! 1008' 18109
Emeonite, Division ot'AhIcract 826 128t2?6
Morrison Milling Co, 824 1270911", r
Westgate Hospital { 1 ,121 3
Flow Memorial }{ospitst
.NA.a,`,t1•Al xd I .s .1t) rU,• •{,E1Ld.~+ "
k I it ,~(1TA1. ti•I,Lp i.p{,:.,. .A+i~.;,au,AA.u;fHl•
STATISTICAL DATA (l l
Year Ended September 30,
! ut 19r- 19-- 1- - 1976 1975 _ 1974
?AiMUN )
y, . sN.l,It ~ 406.250,6+)
, 112,700,188 10 1E2 r t t ' 1
Sales or lcwu • 11,422 906, 13),951,296
8 4 J
2 1 i~.~9. r 515,274
t ~i•r•,6E }r•u .I'
Rc+1dcM1p1 """a'l t r,t,y, 70 677 91 295 0l6 63 6
Co r¢lalan oIrlr rile' r Iv 6, 17 J 1, 70,+601P~,:i1!1jS7.S65a1r1
4sl" 596/a
. , • 0 771 112 42 6,64, . S.lpb,171
' ~h ~ t F. 2'3 )2? 4274 M
,
14 51,~+s''r 122,510>>~
Munlcjto~d Str Ll ur/,.,. ) 9 l :r'6~
pp~~ ~d I, r)l.r,•I 'tAf'1 19.519405 551502 64,374239 " 4S
59 r~l „4SA21~~14b,) a
00sr( t~ O I! /761t 01 p
TOTAIt. BILLlAO ~ I, ,224,141 ~ }1,1~1~~ir9S127,81b.914
tr 4 i l.• (S,r...
, 4761$3 ~ 369,)66052 4016, 1703) 7SP~1)61 1)~9 1
Lasa4d,,Upaccou}t,1i iiid•.1 '
Total KW( to SYr~p~ . r P f ~ i f, , ~ 776 3.7576 5.1491 5,1/76
'k Lomarid U0amounteb
IIa.GStFlo~411t*Irrt111 NE s+rl ,rr;rilrll', 'l ,I1'i1 iii ,I~thti~'io Kyltt a,`trta1r11, htth
),T ^ ,4
i,l,97 ,,t1ti1 i, 12,145 11511 11.050
Am Rii4~4
12
r~z+•nli ~ 2.410 2A254 2038
,16
2607 29
Rnld<nllal.,,
. 3061 I5 G79
Commercial and Industrial , 14./53 a 15.N1
Total.... jobow 105000
114,000 116, 1 6,~ Imo, w "5.010
Peak Day Power ReltrirntSlArMl,ufur if 116,510
Presettl Neil Cr<pgGMl . i~rnq,~ z r,l ~ 1,.•rF......
i Vt
Anuly+ls of virvl
Electric BiYial: 2
Ait CuvlUMOW 2,427 '4;"* 2,41) A~ :,l t>'>N 2,550
~vpp8ghlont>llAlpvtMpcr{CY+tPI^Fr.,sr('.tt 7 S42,31
19 1~f1I1i,brl i;irrk'0~14,u„ ) S.0111
,;tLq' , 1 d 1t rC~ +.111 593./3 S.0)73 )Al()
tr
S.0365
~
gill pI~R `dbuebft' ~ f'r; 1- 11
, r~9~5 1 6
ltrvl { rt~l t<wron ~i, r I r y / I r '1C F 191 111 "
A~F u';#! ~vlontitly M~ per CuQ~tr~er . 960 $29,11 $24,51 $19.15
6.02/2
Bill perCuvlomer...... 542,13 637.90 r , 0 prl:c nt
~RIAlC11 j 'it'll A4R4)i~
eye u K{y11,
f. l ,
R 1'1 . ~ll J ~,Et1 111 ~ Ih71117 o
I r S7t1,)'Jtr~')ir•I{17 o!,II 1 rr,h j f X111,',1 1 %I1'If}~I U1r r ~t :ri) {1~1111~.
l~H!NR7'rr!li +'Arf n I: r,iti'. n,r.)i L'rt..',tl ',rilr,tjj ) ~t1p,}%u t pp ~~ttlIw IIM 4t Ulh1~{i
Avpra a nn IY k , f r~~ lir rC•t'E yC , t'I 4 try
gni!`~ 06'4)I~ tM)11S2b d9 ,r9pp 71011'
n
.•,irnh„r grill ,~~t! r,.•, ~)•,1xtCd a' I Is I,q Nn c, ituli.~ .ri
~~gg t.A3~ li~5i f 4f~' 's o
tl~tllirl~~t ~,?i•.?~~ RJkKW11',
Gru lnrr,mi, { lnt Irr,r1~525'~~~3}''1 )!~,rS 73051
r;')(1 9:09,tt4s trig S i: 1~S n n, t : ~S', 1 r1 "1'S.d5d 74t'i .%t'J>fblf,2dl
1'''~'1t sltlel~tl41 iir,!xrr it r.1 ~Er
0ilMinltC~+IliiS6lNdu~lY1r13.~Irl,a1t,14'.r'.1J}1 rI0,g71aK)6lt'~lrnr10,7ti)~O~O ?.41,$.~ I I)1 ~IiI~{'iy1S;Cd1
,277 'pit 1Yi 'l6i; SOl
Inv
141,113 .19D,S21rtotl l
- '6
Munlclpa) and Stmt ..,.thin. . 247,711 19. 1,217- 111705
(xlxr 2
Si164t 3,17 SIT,fOtl,274 t,n 69 .3}),069 t)2w~44
(1)Crtimaled Subject to change. A9
ELECTRIC RATES
s,t 1 j 'r^ .IS ~.lt ? lIZ!. 'sl!1 .Rft~1g~~~4V"a11'~.~'1 r'.I~l' i.._,, y1ll 1 1M1, 4 I ,l?
Ifdrrdlrt Sepsrllher 2, Hell
htoath4 of Mar through Oetolfrl
First SO KWII $3.15 (Minimum)
"I,Nekt 75 KWHi a .0409 per KWH
Next 75.KWH .0301 per KWII
I~iext Sod KWNi .0256 per KWH
Nots-., When tlrage cxceeds 700 KWII per mouth, billing Is rendered at a fixed cost of $4.40, plus all
KWH 6 $0.0275 per KWHJt1; ~.I
~ s Jl6,r ij]p is+1 1, ult j
t 1 I r Mowh+,0q*f0trthrouf April. I i
Irst Sl}$3,15 (Minimum) Nh
I• . ,.fl I r ,I C 'j , ..0409 , KWH
1 '1t,~ext 751 I t 1 ~Ij.,~ l .0301 per KWH
4256 per KWH
¢ll addi4tl+{tyll~,t-
1),1)17,' ? ilr,F.G1.':f .1CN'.tl?,;1 J;tg1
Fuel AdJu ,~c{i4t~~11~use +1.i.it'?,r1 ?Pt t)~11'.r.j r'"ul
All charges of the net monthly rate will be Increased or decreased $0.01095 per KWH for eesh whole
$0,01 per KWH by which the average cost of fuel use l.1%, l$~s rr~~ 00,,icl fe e4 lInpJ0 ne~s~~lu,sY jhe c {
of purchased ellerg during the calendar 7th nexE prec Ing ~h'e 6tt ng mon hs move o~ t>c;ow 50~ f
Kw 'soa Y tk~-~~~, ~'C iii dettfiPjllhM ba 'dri t4i~9liitl r6rh4*%V;><'gZ'gW lh 14-1dilityl Y'pldAly And
the KW1i urah=ltliuring each mid month. Tht cost of purchased energy does not includedema,-d c irges
for purch~Ofr or.f;6,n1PI charges for facilities.
Projected Lvpgs- ild ~Sewtttas 1ra~cl
The projected loads and resources of the System for the period 1978 through 1987 pr* presented In th,t .
following cltdrt~al determined by the City. 1111"I
rt:rl.~l r 11r-f
fnJ1,}~ 1'ORECASTEUPLAN LOAD$AND RE5OURCES11NMEGAWATTS) f IlWf
r. Ila!II
Net 1l'~1f ~'t
PestIAW1 Rnmren erfittl~t
197 114 119 36
li,jwo lie I,(l,A7Y J''Ji rJh III jr } I 11 i!t t1 r1+l~ hl>11 JJ II r; J1l1a ~5i"YI:Yt l7ilj I(t 11 li"11 1, +.I 6 7 ':1l
'+III .I tl))19 ~I:!)~, ~1n {I+il ilrJ./~11~1 Jf~..11'71 H1j7Jr~) ~fll 1~J li~111 .rffl d''lfjrle +rlrt l'7(~~l t~!all. (~'OR h'r.. ir.;+'J!!'I
YSIJ . 55 .I I. ,
iYJ741'J'Jd P IA l(j 117111 R!!JI 111 rill sjllC IN 11'1 JIIIJJE'.l 1111 firillGl111,56 4t,ilp Y` ~t(! ) Jj11ir II°~Si ;I.i~ty, 4.!)
tl t L 1
~ql Jlfi ll iltr Il 1717 fart IFf I•Nflif l~ rl Y>i L~! A Tr " 1119111 ttllj!?t> 13'i'iilllt
I t,,11rJ 1611 4f5
1 2........... I `~Il (I Inl'2~1 { 'J7ti),Ii4lil 'l ,nl, Jlli
1'nl llldnl/ll4 {Igf1 f11ilNlrlirrlf 111r11Jl lilt llU lift 11. l it fIJ+II N1 o rijw) 1'ir4 I
17ua . . , l ,.,.u .u r .IIf'Ii lUi
1984. 181 281 33
Qp , . . . 43, ,2181 27
ll CI 1:41 {j lgU l~ltri 11G14e '/il> L {Ili Ih IIJi J 11 ffl ~JJIIUYI tad 1Ittf1 I t 17A'tl 121JIl,IIIUTA Oil, I J l l
YDDVVV , . . . lA f 7
IY,1rl.: Il'Q'1 ~~I ail hl~1r 1}lfJl!i T ! JAI J1 11 (11!1/11111 J 1 ii ggyy . u 1 u . . u 1111q' toll'i) rfl~ ~ 11!11 IfJt1,J11'Ii713
III."'
. 1.).. ,I AI(
~'{y Y :~1, 7
r1
~Y
1'. elr'rl '1J11Ik111 ,flJ~ill1?H1111 P,i filll,It(I!i ll !11111 JJ1!Il~l lit ll fl i 1, L.1;+ 71{1 'I~ i ~I:I J171 IY11 111 I
YY666 y . r.. f.+l 77
Iit.Jll~,l,i1111jY1,t19r1 ~l llf li~i)'Jlll l~%714 i1'r11111J1[17I111f1 .1.'J .14 1J' l ,Jll 7L:U1J7 'ri 'JlJl ll let .11( /YJ 71'1 Y'A lllillllli4t
1 f',1 L11V J JIJ'J1 N11 jflilwq 'k
Y~,'J } 1 I 1 I J'' 1' ' 1 ' '4PJ' j1'~'I",1f 1M
v~} cNhG rd r h tJ91 rr;rl•Jdl t ~ 1 t1r ua: Jr1JIJr lr,lll,t~lli
01JfJlt.1 r7111u.D.',17J 1jh1111'NlJ J,h '7r9 1127 i I 1 .t
l ~~kp§n'~r 7S d2iq 1, 1, ..:1u;J,1 , rl r ,J 11
I,,IJl#~,',~xf1~1Par
(3) TMPA unit scheduled lit 10:yar. cupital'imorr+trdm0at plarl(Donlon shbrei75 MW)-ni.w1Ir'14rf1
1~9
. u^J',~ k a '
:t1oJK 1!>fiFill
Summary of Operations
The following tabio summarizes the operatibW fetults'bf the System for the years ended September 30,
1966 through 1978. r.cle a,,
.1.1.11 d•,.,,..-. a
Yen :NAAraaabk
EaQel
Serlen,ber3a, ' , !1 i , + ;?i: Rerewe ELyeYee, (at 9eMSenta
781,212
1966..,.,.,, 1r,u 1, S 3,072,$62 $ 1,4668,4373 5 1,648
1967..... 3,16+,023 8,37) 1,,b50
31269,834, "J { 1,579,948 1,709,886
4,001,273 1,730,508 n A 24270,763 ' I' t
1969 459118 0 2,102,430 2,489,450
1970 ..................................,'t ,",.+,•~~~~"a"''• 2,252,!83 2,782,477
1971....,..... ,266 2 9 ! ,1661972 5,661 I ! '
830
1973.., ir 6,479,095 J,672:05
7,416,123 3t ' ,469,372
1974 ..,..IvjY A"ri %j'+,'i,ti.rr-... 9,763 787 6, 1 ' 6') 1 287,120
1975.,... s qtr.....,"".'.. 13,669,854 9,615,31i't,r; ii74,054,211
1976 12,673,316 9 660
17,942,976 512¢¢ 1 r,14t,/ be 1
1977
13,593,129 ' 11~,3b'~,. ~
1918 18,960,145
, l t i . I J ~ ~ r ? , t ' I , I I ll1~t,1'.! 171Y6~1" r ' , n dil L t.!?'l i E, IU,
~1'. 11
r1„.+urr1}Ir/d r.' tilt!/
` ]Q, r'~ Jam. n t•.ri1 n t , ~ :Szi.1 r I
r1J'7!1 Uti {i ' f; ( l~ ~1 ,7/~Il ~~lmfil{" t + i , ~r
`r04'~fn'~It~ti~ ~0 Yh~rn!b6tr~~ e
~ 1! 711. 7U 9l+Jl . %1 ( 'S'~f6 ,111 I. J yell Jl,'J'1~ l7f+ Lfi+')ilk t11f'li r.. Jl.i 'df1 1JJ t)41')fr.r l:f~l, 1 !:I'
~AAilktJINpfItheA014i01S;PW?~fi~PE,t59,q!&FIAB PA4111SrlKOh Wi?,lilJii
#,ru s,R(A> t..RffldwS4~4A 84
~"~grurli tinfun~b xtw ini 10n0o,,b ygiirri b,.,nd,~iuq'tar ta"r to•I I';,i1nuris biaa 1, c'r
>>t1,i,'irit <~g1r kaid~a~h~" ry ~','Nefttlt~'iu~t Sul
rte
tf ~Nr1r9St bi142,t1s I b^ injorcl
Diesel
7111 ni i,'aEnBttgttlt~Gt6hS61'rU7rf1 'C'P1 bolv1'1 Ai 141 rriwr?, "Aden evjiup»~ 15n;>hsol bxr,4n1},rl"t'
Unit 1 010 01 wl 1r,1u1,1t•13-A 42,W.O gnr„($;10
Unit 2 12,650
Unit3 ;.'1trW IIrv11✓1)A rrlr44IVi?WO1'00rv,:;4:r i4HU4 22,000
Unit 4 61,162
y, _ 63.483 }
1 ,wYnil 50 1 .1 u1N>s1 .non i r•; r 10 186,580
Thle C%Sy is a megl4r of the;, fxas' In{erconnec►ion System, an lnlra•state netwo;~ gf six major
investor-4 wng and four, ~Iblic sys,10, and of the Electric Reliability Council or Texas k ~IkCOT). the
regioeai ' lelip i11ty C 1 # Irating Otgapiaalion for Electric Power Syiiems in Texas. Thei , as secured
additlonq f caAvtnty th pp its mem*fh#p In Ai Texas Municipal lo, tii n, tl, nhitih Inc{ g9 ,th cities of
Bryan, CarlW.Otte y p and Dentq~r each of which has t. p .
facilities. l r t sU i
art+f
I Kr f v contractprovides that each member city shall prov
The Tears efi, through its
MuniclA Power p~4I .
own facilities ~r Ihro`~um powe(,fpntracis, a capability at Least' 1396 greater {htrn"Its pflfctod system
peak load for nc ( ca , The hod of road projection is uniform for' all rltemben; Mpg the costs of
ties es neauae sSl
Pool facili t y to,. provide ay;quate lies betvieen the members Site shared by'alflhe par6clpunts. By
"pooling" the reserve capec!j t~1r rp c~i✓ve, rle{~svfq9c~ deft fipIvlPrrly a 1,4 w~~ 0vil?!dfrJ ~Jy less
inslalled reserve power supp y, t ate fectln bstan 1a iitves4 5n01i b'fl(lrr Vkgdrh~ 2f1i YedJ1 other
advantages include an adequate and depAlJ 1d>~ bf ~rtiiJe~ d(sf11S~ y and
MalAlenanakrJuMer,ddrinoIporlods bf Schad uW;uAlt, Milintaugc4t :ri },tar}rlr!.+ fins 11.}
°3'l
7I` p;
W 1 1 n a , r) `
1
F_-tit!re Senlce Requirements { i 3 i
f The ciectric generating facilities of the System c,,uld be expanded to supply its electr1a'000r
requirsmcnls.through 1947 akhoujh,,a i*rt prcpucO by,managemcnt volulu){gats.gR,bcl'alf,Rf,lhe City
concludes that it would be ulicconomical to do so. Further, the System's generating racili;tq;, d} ! no f9fh
by natural gas, and the Texas Railroad Commission in 1976 issued an order that all electric generating plants
in the State mu+l on or bef lrc Anuary le 1981 und,on or, before janp,ttry 1, 1,9KS,reduc4 tbeiS C9n;+?IRption of
natural gas by 10% and 25%, respcctively below their 1974 or 1975 level of usage, M'bichev0r WaEgrAatSr-.A
recent study completed by Black and Veatch (the City's electric engineering consultants) concludes that the 3
largest steam units could be converted for 100% operation using p2 diesel fuel at a cost of S409,QW,. I
In order to meet the requirements of the Texas Railroad Commission order and'td'O'Ade for
rr n,
additional generating capacity, the City, together, with tree other Texas ffitics,B t3 rland and
Greenville, organized the Telit, s 1•,lunlcipal Po1~er'gen'cj~to meId0ifi,Nt ittliKc` .j:ll ~Mlrru1 1;YsIcm
IsI systert) i~ v4lves the
capable of meeting the needs of the four cities through M19 6 A Imajpr part, or ty
eveldCmeM"ufa4b6 iegJiv~tt~:gnste fuew st Aim It Wric enlfating pplant and l}i acgG~sttibsi 6N lignite
strip mine and related facilities adjfi6'A% tb he $Iiint. I e't6ov,e~b's1 of t'I's' ~Foject It "6t0hatdd •at,
approximately $786 million. To date the Agency ha issued 5300 miliion prise) rat amount of its revenue
bonds to finance the initial stages or the proj eel, ih'd 11 cu'rfddily'li'th'e'of&ess br"issd[g~le~l~~ditld X1$300
of Bonds to continue construction of the facility. l~)I>lnl li:rll• ul,,n, L',+11'1J.rE) n/.t!'.:}
if thc,(~$eney cu p etas the projpct, each o~g the fqur Cities ill be requiletl'i}~pder a power µce~~ of
oonS'l0ct`al'rfadylAiercl nld, to ~uycbzt`icfr'b`i4i1i14'd Aabde sll'lth lectrfc~lcp ~'F llyGIc enl.'lOlt ,
$~pletttb~t'
the amount suppiied solely, with certain exceptions, by the genera4f)+irallltres d At460t
1976, and b acIli,t~~c~alls Iw c~t 1t, cI a erat}}jo of esectrI ai er Is incid$,Wal to tv?lid as Se dis'uThe
cont,fderIO II', li14, rei~y 4b ~ bla~h ~~~'ll`3 k1~~r~ ;{Er~y`t dts', ' s
drat j • ern of &I fgt~
service, based'on such cht 's proportlonaft share of the total clectrkal ergy t
cities, which In the City's case i} 20,34% S►1d power purchase contract considers each~t~~b1S'tb
d*"IptI
b,'AIsVg1ti ts1144 idowa¢df~tt>~$g~1x rlit a lijwitylliptly& 'rrts*N4,rw~nto %
d+t UTAI e-'Iraeliooo lit,O ciao" tilifiW, 0 dpeltailigi the
of such system. The cost to each o(t"'
facility (other than debt service) In the event one or more of the cities meet its obligal,ons under the purchase
contract. Tk8'1:bitlrititf otltdidtliprdVislohs'fbf) astidrif&Iltrrshfh$al'thdta f fr~'(tdtlf0pt'bjiattof the
Agency by the cities, joint approval of budgeting fnd~oporatlons and allocl tion ot~nelAgen y"i power
output in the event or shortage,
,'(111, 11 r!IlF IM.N )~Il~. i I er'J!J7 I'i 4WI,3'JrII Oi:7 1:vil elf i'1f~a2111,fI 113 + 1'.),(.,
~hira ar,i)KItlW; { 1 na 9lnlon ir),4
'.11111 f.l 'i II {,I IIidIC;1 , {14. •"hJ :7 ~I4,;1jJ I. 11111 y1,U}y01 I',II lG1111 ~rdI ..flJl I. r; r)'J f, tJI,)(I .i: rl r1111..,rl
{51il. ill
rr;y')!n;~~I+k! JI:... Sf£,1:. ~I:u li r.11~n71ItT1!! ',rii u.. . rl'i, I1 .I,r~ ~u)tn)lIt4't 4rlf 11, n" iti W I1, .E 'JIWIIle') VI -A l tt r!,4r, ruJr
li eueri) I1r=)I Ili II; I)111; trhtr it
lilt: "J J?.'Jill "I {IJ I? I IIi Ili r1IIl, el 1'J Ill.,, I )!111 b 111)17 e1,)I rl'I '4111) 1 (lu) I; 6)L ilvl riw? )'J?t; < (it) 'Jill
1,I A"iIi,)•Slr;lr 4It If ( ,li2(11711, 'Jl, Y'111, 1 )ilitll7III i fl'J1Ill i1(711117; Ib1I oill177n(lrr ei)P1JUr1ni
II,=1') it rll]llIIII it q0 r1:,11 I1 hl fl(71ih _'ol !II lh ItoF)!~ Ii,I n-.I r II ns 71irig 11111) lU -30UU'JA i I I I q tI ,J,JIII;41 4 PIa
Ili) I 1.111tl 111) r1l 1ih(e ll li'1111 111 ,J141I ) 111r14,a(I I', II(A;l)I,; j Nri II"11 Si{! III I1V!)')u11113~ 7q hill, Ivl 7rl{~ ~
(NtRil lll, ~rlIli) ;,rllrlJ J' j lt~ 1) d1:,rn9r7r 1. 71,1 'ekr'il to j'Jldl ul JlllrlliFol:1 IF it r) "Iu1UN,'lilt,'!!
!ud j1~11 'I~ l er7f 7ril llna .7II.n1+1) bills rtr .r.'ri1+11'.r.I pltltlul<,+lr+u,11 bmi (r r,r1)i~ ln7li7,rJ sit ,rn(O'170
7);rf+i" II) Ir,hrriwi'IF Ale 1 t,7lgnlut i+r,,q it, III eJ iltrn,~hr IwrIFilw')vW brit) 1LIolI 7 lui'mPI irr I, Ii•xl'.~ I+,ilA~1'CIIF I
„ 1 .,.11 ti,. 1 Lt• A VI r.,in'Irt 7srlr,d9 Ut 01-JilrM 'Ti'lls
/y, ME CITY + „I s
LyDCaIt1Qn
Denton Is the County Seat of Denieh Countyi Located at the'spex of the D41141•Fort Worth-Denton
industrial triangle'
The City covers an arcs of 33:7 square miles any; is located only 38 miles from downtown Dallis, and 36
miles from Fort Worth,
Emoiby
Denton is ..r
in the midst of'a rich agrjcuI , al•and Ilvest
oc>F ai,' r.
i C
The hub city of Texas' "elk Lan, j of ~ akes" region,,whI; S prgvides Denton and gcighbprip I citic; with
abgndant,waher for munieipr~l, igQusfrial and,recreat#onal py'poses.,
t;)
Onc,p( the three major,' university, cenler in TexJa3. ,
The home of diversified industrial Interests,
Ile sjlp orl~he Nail4n'~rf1rsl undergfoy' `Contr`o),~Cpnly;r fir th~ OMce pi it t gyncyPlanning and
0(fice ofc"iv~lnd,'efgrise I±igbilts'tipn,
I,
l"}a In .'i )i p,, t ,l' ~ ~ , II
q e pf the ~iey,cj1ttf>f:In t~o e;90gi~IFIlt11;ign~(7Fgnt psl~ap'Stagd,"r' Mfttop~7tt~'n ~~f'r t ;
' +fi K r.' LI , r 7 i. 1, , 1 .I} 7 Jr, 9[r a 11, )J. 4 I:f GII i~J
Gl ttP ff {~Y1f il~~J'yl J dS~flJ lip 1~~+ Ifi;Y l• t ,'401 10 AI
11~T JI It'ii~ ~I it d fit' 11 ,r! lI G• tJ l'I~/~ .°b/f t?.~ i!'~61}~
1. i ~~+~a~~71 ~ft'.fi.rl'Jt i:r>~i.~ t11. ,~`t• 1 v~ai1 J7'a'1 •JI lli'~ tY+..~ ,i.'~t fir ~ f 1 y'If:~~ i'~) y ~..1 i f. ;1:;
~;-,~a.p<n(on:# Foknddl:rot~i►kid,,F~nQmY~,iziivli4stal~Ir~Iths:~,4~Ab>.A,nqugl 1g59fF11 Ra+.hRafi~tvld.
.•4.) 71,,q ir;t %,I)ft~l.em In .'1Wr,, ?7t la'J[ii r:IijJ,,t ?!Zl I+) J1;)!1 'I 14 tf!"IJ aJa? ,9117it r` Ir. trW) r7rili 1ij') ! htf,,CI
t, t..Denton ,County'i,0flecit~!f:ElaylP~,ln~oma,[o~t~9~7.19W0 4ppr9jimolaly.$$4#009#040,
1y41 'i I'/~h:'/, 7fli ttr {f Oll):'l+tti, tt;19 ,rhl•l1ir)r}!) tr7n ;,~t1177~i)C+1 I)') ib 'ute~~ ,t ,F.I I~. Jf~ J~f r,')I)l.
Denton County's retail sales for 1977 totaled $374,138,000.
Over 93.2% of households had cash Income in excess of S10,000 annually,
Economic and Population Gains
Denton has noted a consistent population increase and a steady economic growth In the last three
decades.
Population at the 1940 Census was 11,192 . , , at the 1930 Census It was 21,312 . , , at the 1960 Crnrus
it was 26,844 and al the 1970 Census it was 39,874. The 1979 estimate is 51,550.
The City's ascension toward a lop rung on Texas' economic iadd r Is attributed partly to the steady
Influences of goverrmentnl activity Alch Includes the year-by-year ex(uslon of the two State-supported
universities, and partly because of such environmental factors as Its location In a rich agricultural region,
some oil and gas production in the northwest section of Denton County, its Inclusion in the Dallis-Fort
Worth Melroplex, its proximity to three of Texas' largest reserwolrs (Lake Texoma being v,tly 40 mll,,% from
Denton), Its excellent highway and lranspo::-!Inn facilities, its mild climate, and the less tangible but
Influential aspgcts or social, cultural and educational advantages that have, prompted proressional or "white
collar" workers to choose Denton as a place of residence,
23
•
Industry and Business
A total of 55 diversified manufacturing p!ants°lre located In the City. Some of the'(ariles I aIle as
foliowsi
Nomber of
Pf 1 ~PP~OYKw1
FIRMS EMPLOYING 200 OR MORE:
Moore Business Forms, Inc. Business forms, sales books, etc. 585
Victor Equipment COMP aliy Welding an,l.Uttingrequlpmint
and pressure valves 896 '
Aussell-Newman Manufacturi n8 Crarn7. ' . Wot:rI e'nd girid fingeria 450
any
' JdSte'n's,1nb. r Scho'olclasSrln$d' ir, ,i35i°.,~I,-~
FIRMS EMPLOYING 100 TO 199'
,Acmo Brick Company $rick and the i 2QA, ,1
Emconitf Multi-61oc plastic Paris 200
T ipity Industries l PC} fuel ian,~CS x43,
Uorrison Milling Company Flour and cornmeal products 145
~,G~fiB41§Itipg~of,►mPithY: ~ ~cC~l?1~k~ng.itlaSh~A~ ; , ~ ,i 2l~Sr
Denton Rcc Ord thfonlCIO Newspaper and printin. g i
FIAMs EMPLOYING 50 TO 99:
Ill 80
Transport Systems, Inc. Traders
hip •n 14 j. z.k;1t1 i"r,l r.l '~"k"17~ ~Ph 117j r i 1 ' ~li ~rr.l.a S.r j, 1M, Sl1
.pg9eS~Rn~lR4ic,~4~lf+4~,DAY,r.J~i"I.~~tr~~~P~~4~r,fGgc4~ff1; 3~t,..~IE+.►
# P?FA .Y .i^.!S l1 ~K[~.Ill art I:L, f~~i$~! L~ .!Q`r'r'Y~ rr ( rli-,r,l 'l l i i`i rt-
~9n!M
Syr. ,;:TtP4t1 laborr fpreo; 4mpIRYDbY+ t9p i>a9tluiaaoloXfr4 ~xf,.~e 'TR,4a~ t11o9IB?fltJufepuring
7{I+i 1 d.j
'payroll is 0 1mxtI4 Jn q~co I9r$25 r f lYr'. rii ,rf . JN r,rT x+11 '7 1
~ ll I',1 '!~!~/t rJl.t tl.)F~{ e'rti il'r,l~ui 11_;'~' 'f I~] '.I N} 'f. 97 :fi l u ~.r fi'' li ^,~E I ,'p~?yp If•'r i ~f!I~i`
ej s~ iialak p4w1rid4 k!l~1 pif , h~YaJxep,.IMSf40 ih4Oty 4X,Dent99,d ing I~IiRpa 190 ycA(j: hf~
the development of tlh~e metropolitan aiia during the 1970'x, tspecfalfy„Ihp f~4i S o,,lAF' h ; ffiIP9,
Airport, it is expected that Denton's Industrial growth will aceelerrite significantly.
sties l,c~/
moo 01 us!r}css~ Forms, art to ~ationji comp ny heao qu~Prters their Southern Division puo. or
ll Ir1' 7t r 4 '!1 1 11 1 r . , i
1ye~11or . T,e ou{htr Dtvrs~bq ,unslstof slefas' r~th e'~ai t$ the Eas t4 ~w rd'.'Iv36pr'rildisin0ss
'ofr}tis`i:i'recb ~rfed' s'a''led~Et (n'ifi fYd; aha 1~ ili~'oldesa~ 2'st'cb p iti~ oftnls'kind)h the World,
(luring 1969, tt.s firm completed a nevi Division Ileadquarters Building coplaining 420 14 84, fea. he
jre hog in a
new facIt', Is I ala10l, [n)erstate } hway 338 l~anufact~ll lhQ 1^~! Y;oaualon facilities
rvepr~3t~ s(r~#c!'isr'! ~6'hlAining4,qu~Me+ teal r
( 77 ~L!'! !E ( i ,E, [k~ 't+''Ir+ r I'1 rl! 1, n~•` 1.; '~r lei. ~i'f;
Victor Equipment Company a+mpleled a 95,000 square-foot buil41ng'6r1'AS"1466't6 Al6al In
Ocnlo{s from ~~n f fanclscq, A 60,000 quare-foot adlit!on to shops apd officl~, has, reetntlJJ o 4cn comoleled.
`r jh!J rl r !!SU tt'1 r1~ tlU ~N l:+ii<6 1S IRi.,? ;;!I"-n
J;.„r!. .S,F ti
Kglm t. ~Vr~j o ieo, n n lrhfi(~n~~ P14PI on ,39 ~I~rel~ o llapd 19 (?fin{un a+rrploy3,n 45 f+eri rns
In Q, §gtlare- po 1~p1 Tg„fit ~f>,elmagy~~ury,aj~~ d6rhol4sa(~ coStriettcs.
rr f... uln II I 1, s. 1 1 , 1i r„ ~ f{•,~.<.t +.i 11'•r, 1.f. r„•'E
rVh jha`1 N'pit''"'iA
automated brick-making operation le the Southwest. Acme products In excess o(70 mllliARII lwwa ly.
24
`77,
Slur rison Milling Company produces Peacemaker Flour and Cornmeal primarily, whicli isdistributed
„'prkl-vtide,,Myst of the grain,uis, gr Vvn g PSnt4n.,~oupty.. , n so
opened for business in 1962 and Is now one if the b,rgest manufacturers or metal plated
plaslic4 in the country.
ku'sse11 Newman M, nufacturing Company is rated as one of the top 20 linierlb manufacturers in the
USA.
Turbo Refrigerating CgmpgLqy,, began, operations during 19¢5, and is now t~c wor)d's largest
manuracturel or Industrial self contaiptd Icc•makers.
lostep's, of Owatonna, hjl~biggn, jotnpleto Fog;truction during 19,6 on a 'ne ~3 tQQO sgL;!e•foot
bullding;•T(te new plant employs to excess p 2. Q pe. 4,On3 In the ii; facture and distlil Vt;; oEschool class
rings.
Pejerbuilt Division or Paccar Corp h'd'd's6rted c&truction of their new plant'66 ~o attis of land In t
Denton `f~eduled production to''c5mnenCi'ih N014 t .r, 1979. Subjec, to amendment ror'le6nology the
new plant hill employ 800 personslipt a,6f1,000 gel, a. building assenlbl1ing 12 diesel duckl;' r day.
. ,l
Tri' ~t Industries completed b'''11&"~24,000'kir [ar~d'oot build{il# in 0681in'd;l+~O footer additions
during 146 . y,076'1 I
Industrial Future
4 `pirl,of the
pfftelify
Dt: ion is most favorably locatkll `iriih ern iA~1~>~ of two, mayor citles and Is, r n ,t , 1
Da(fas 1 t. Worth McWplex. This ,aYell c tA` e~tb, arkel whit`fi 11 JIMKi lid a W meet times the
nations! verage. Denton is fast becoml'tjAl (1441 al part of this dynamic iHatlillfat~Fdifi~l~k,
Vi'uln! Rfi(Sfjl iaop?v,lskIOUII A&A1iNviltaw"to lodua: 'IWthi bstu6wit" ITotit' ~bot' force in µ
r 1 r .1ji 'for an
Denton County is approximately .33,457, );;ih approxinid yr g2,b~ prtserttiy t:rkpl
~fmployment pcrcemage of only 2.3% Ttj s, are two principal Industrial districts . , . Denlpn industrial
l~~,ctbbiKrbl'wfiicH~riiktf~c`L'sytifMbi'blhtid'ddt~QtS~I'e''faHtl"tfd, 8 Y f
aT% d U F%NYCdf (hii~st (b! fsal~c zz Ise' hwa
Atilt ( r,ln) ' • tot ✓,ir {nlfr i~ , 7yR riGlllO/Irr11 Jf f1 3111 14 In ~rll~l'it J`I'J~
t}, i'Wit
$(11't1ef, nec=:sarJ 31tt(Jne~
'rbnt:~~lltrtgl:' sit~7lxJ.~r,Htrt rllxutW lunlrnt,m lnolrla+.; Ifall fi~lir,~ii•i et it lii,yrlf-, r
Agriculture
!ea Jtlry}~~Il~r renal f~~'r~il,ip(r~iip~ I},tl~,,`~Qj,UCJif`1,'~ellr`ijrlf, fe'Je1'yfrter~CUI~IU(Cl,~'OUn14>i~fn r ~e1}a~t 6011 t~pf31 arl~ f
(x; !'Pp~ F~}}!'S q' Il~Ivr'7l'ti6 Ir~l, r7 r s% • ,J Vr; P.
L7f1114.r ~.~~4 r
o ~svcrsttied alm o f
~r,l~ ll to I n It g 1 p ~y f y coq er !
tf~!'1, rf ~i li ri t; ,r A <etillq
f Nn, r ~lqf. p 1i~1•,~all~y,ifl~rmfl t"riNsp 7,r illdrS fJl~~e[,~~tlI
A,}~~~t~,5 ~til I 1-'!_rt !.!,r„ ;.'tll!licll rtltt i.ltErl',11 t ,w r!t : !t I rite t ) r io1 Lrlis:!(►
1 J11,1 r ,1
!!q 1,'u In'~, )i' lJ!I!I' l(71' on, I,tIL rf ~i jrl r !•,l d ts, f2a r gatt~e of
Yf~DClpa~ CfUpS arc cotiQn C6rn, W~fea1, oafs, ~ayt gEQtlt.~•,rgqq~~ss~ ~t i,,rll~r r,i, ryyYr~ 7 ti 7•
cattle, sheep, hogs, chickens %nd turkeys contribute a subs(antfal acid steady~~ome evety yerC0 the fat' er
tlPd~l4! $t1,4'c~Sl ~7P~o~,~ii~llf7 fl11iitl•~ inil-71h!)i), !gHI,P.U 1. {,711ilii,rY~ f,fll,{"i11,7 111~.urtiopI ,,lr"!
tr)1'rl' if Ul', rlY { (I E 'i I tl ' JIIt! t C 4,j e `I ti N1+ ,i V" 1, d'~1°'1L4 1, IOIJ1r1 P Y' j4`~b ~~a!n n UalO.1 .~t
Income i"rotn al`te )agr1C Aure' and llvi-1- pra~ucis aveyrsgea in excess o 01 ,8
rtl,rel' ~t ii i 37>' il' ( 7111 r 1 YI q I' ! r r 1140. f II 1 r I , ~ art or
'Nhr Tcrk itjsrJCUI ufa,r x tllr~tl .~lr f stab• t¢ifbr~ iJb ~die j~ u f11 ci Hltes'tfo'jS `
Dentot, is confr'il?31(~ng l~o t6?e +"ros`perliy o nt o ily tfi ftfi n3~~s In edd(lot~ ( firr~trs a I btfir
{
w k c of tl u l u outing
It ooh rlrnapy in } 44A,sQn,~,
T RNA [Jrr, Jfy~~y~~}~r.J I e 1, t !J t uhrl l
Sthl ~ljlf.lJ jr 1!~ilI)d11 UZi IJr (U X127 Y'1 fit E'J7Ni,1j lrl ylt;'1 !•'.'1I71,)1>rl '7!{1 !U 41 i!11, 19'111 "f11 ~i rl'.•JI~I11~ Ir11f:Y1'11 ~f i.
.c4 'v y~ rh , n '~~,••~~yP~ _q~r'1 ,y ,~l.s., hry r: .k; ,5
Undrrgt"nd Control Center ` '
Dentun tstlte'site of the first Undirkround Ontfol Ctntct to'be built by this falclal Qbvelrnmtnt in the
a s
it cost' of $2,400,000.
y ~hll~ SlOtcs. This it 'centet' was cohipleted , ,
lJ
~r 11:11. Iti7'. i)'.'I •i ~1 ~ )riiF
It 'consists of an abtive' ground I'fraheiW" building, for entrance and exit during harm+l or*ration's,
and a to o•story•uddergroiind forties, 14111 wide and 112 fett. long, The elructueo figs its bvid wydfer well;
an infirmary, first aid station, and communications lteadquart-rs. Site for the slowture is shout three nines
cost of Denton,
< ,,!The' huge' undetgrouOJ canter teots 'Region 5 HtdAua'rtdrs `for tbe'Ufflce of civil ak Det"ense
Mobillratio,l and is designed to resist dublear blast dnd radiation. Region 3 Cofisists of Terxes, Qklalfolra,
Arkansas, Loulilans ti,hd New MtxiEO.' t
r, C•, •`,/I1, r, ',r f: b,l. J lC.L7.~•i11
t~? I%
'ilit )./1!'i'ai r'I
! 1n time of crhergency the center will house the adrr,Inistrativd personnel of 16,OW fcddraI cmplnyces in
Dallas and Fort Worth, In the tvbnt ora Adtional emergency the center wood servo its the coordinating and
directing point for the activities of some 235,000 civilian employees of the feaerai government. It will house
"
i~t~,~`~~',1•,~~1,~~;r~,~'✓:
200 persona 9lt,,y:•O'°Y-1O~aY"'iis. a,W'day emyrgency, "buttonfd•u
J'
i11
The control center emp#oYS B~ ~ut~ time ?Fople with an annual payrol) Vin, Pxcn~,p,~ ~5!1r0
c3'- ~ ',•+':,i ! 11'h.R e iii J!1 li1 '1 ij1 T71
~(ansportstlon /.11.01 i •nh,f f!gii 111 1,100't
w Denton is located only 18 miles nortltWtof the Dallas-boil Worth Regional Alrport, Th6 saw ftdlily
began operations in Januaq, 1974. It Is the largest airport in the United States, second largest In the world,
P and represents an investment In excess of 3700,000,000,
t,,n)v, ,))ar etol)l9rl u)xt,+rtt+.u
• Soter'6ia flIjKtrfty^SjN(4Ah (U.S: 3S•@`e1td~U;S! S W)'ifa~ 33•E
' cwtbo Itise foi tit' ia13n.ltk lty5ve
2dl~neclit'Nato With'15Oliddi~a~'US,y~S~l~► 11~1td'k~rltW3yfHI l;:t n) h>t')f t rl~ta gnt~# tlr.rt~)Pi~'lri.: f;.•
I~a,>~tt,~+,!rr avi8~`~i!~vtt;i I.r,r, itt:!s4,i;n 1aG?'h r t.i)it:,tji~h io r•1tr 3l FaQI iii t,~if:,lr}t~ttir~ i,u x r,+l•tk~ GoY~~~e
The east and west sections of the U.S. Interstate 33 form part of a vast network tha; bt9i*°shtthe
Canadian border on the north and traverses the entire United States, to end at the Mexicart border on the
A'tn: *rth frbtti lkttlolf'the'h tl4rt`ey btsrri h With 'bkiahd'rha'M(Y Ad lheh0,throUgW thk Midwest.
znvu~,. n,'lrr.rl d tr,l bivl
Rait transportrtion is furnished by three railroads Santa Fe, Texas and Pacifi£, and Missouri.
Kalisas~Textis4 i , b►Sd'tratlsjabrtat{on by CoAtittnl~I TraSlwayti it I rftbtGf freight byWv~ rrttck 4ires.
`+EU>!!)•,: `i; e tm, ?n.1,a 1n Ifr-cc1i.~~ e !I!i)~ t,~~!+fiti) rgl;iib.=s!i YU{<')i~rii'i'ii ritll,littd ri~~',btil~ dY.l,t
)il,i,hrfl.tin'll)if ~l'I[tlF:isflt.`t).IY!f,7iD,'(1111.1~IlIt,1'1,7lr.lFift'jll'fJ1lil~1b1941t{,"{1r,1 i11Vi )i,IkUtt
k'dutNibtl
{
antdh'I 't",4061 1 ~!',is~•i'~:~f~~~iif~~ot~btili~~'to'~sS'lat~(Jffivvt'rsh~,fOti~cd vl;r,1 „~.c, rI,+,u r,~l.,
rounded In IM,
The two coll~~'~it ~r~'v tcbtnb'Ih cHr~ll?dtnt idtit~r8ki'dfelyl5s;'sl~dEnls; b'~~`tii'bfb a1 ,000
faculty memb:rs, tr)iasleFi
1,6-t ivlcie'11iah 1'6,000 Sprint ll 1978) atb'd rats art eniollelJ O cb-eduaiib,tid) North'Tlxav Stale Ualfersily.
fhl+t'uhiveilt ' h'at)a'~1'"Ir er, ai lAdk'thdn'SdatHkrh! Methbdil l"Wiversi(O %k baliiis,4exa;-(7ArIOAA
university in Fort Worth or Rice lnstildldrd111ib~st~Sh ~~fex4r3~QVdriF1n''r~'niv~tlilj has bd-anbtitnWoof
8,739.
,
North Texas State University campus comprises a land area or more than 330 act:: and sixty-nine
buildings valued in excess of t62,OW,U, The University embra.xc seven academic units of collego and y'
schools; and offers Bachelor's degrees th 66 fields and Master's degrees in 113 areas, Docloral programs are
In 45 area,.
atb
, K
Texas Woman's University, a State-supporuA institution of higher learning; has completed as
extensive w3oY ne progrgm,.efnpha_*Pd by three l igh-rikc, atructumsi Tl~csy arr. a„14 story,nffice a?J
classroom portion of the College of Educatiop (opened in 1968), A ~i.story ,4ormitory designed to, house 444
students (completed in 1967), and a 21-story dormitory designed to house 707 students (completed in the fall,
1969). Academic components, are embodied in eight schcols. $cience research progrartta,afe conducted in
chemistry, biology, physics, nutrition, textiles, bone microradiology and other related fields.
Over 400 Denton citizens hold a°rned Doctoral degrees.
Denton has ad outstanding Public School System, accredited by the Southern. Association of Colleges
and Secondary Schools and Accreditation Division of the Texas Education Atemy, Approximately 69%> f
the graduates of Denton High School go on to college. The Denton school sysLern offers accelerated
programs in such courses as S.M.S.G. Math and P.S.S.C. Physics. A few of the vocational training courses
available in public schools are agriculture, homemaking, distributive education, industrial education,
mechanical drawing, woodwork, etc. 67% of the faculty hold Master's degrees.
Number of elementary sehooys 9 P,nroliment in school for exceptional 29 '
Number ofju,nl!or high schools 2 children t
Number'af sehio high 'scfi0bls' l Volk o tiache,rratio.
Average student6 per classroom 26 Elementary 24;1 `
',"20
Average number of high school High School
:graduates , rr 22S ,(l it, 1976ttrollment , , 8,300
l ii il',. '~,ii •t 1. •u9fi_ E.I(f~.rt'.J 111 ! t i.•.''?t ; '.41 r
~i ~i,i,k Ir J ii. is .'~'i
511,000,000 Denton State School. hAA
V40 lmoptro± : x),11Mor51I~Qai, 4 cM.o ;Scala School, pith )4 Cfsl V. ;of the
6 nstrunion beipg completed In July, 19f~,,1t*hlch;cime tbe;iJrris.grqup,ttf a<vdpgttt,wi4+:>td ittesl~ ohs
secd,id'(oh;se was completed to 1463 It is one of America's' most modern and progressive pducatiOal
lAsttlUtiOl~~,~ r [ x i, s,. t !u ,f J , l.', ~0 ✓ 1 ,;1 En , tai • l
~ i 1 fi rrl r. .Sit 7t~. ..5 tS ~ r. U) ,r ~J td')n1 1 :)I J " I~G~. T1 r .:i r-~, II r, .s x'..113: ~ 1
This; tatF.:upporssd ucat octal in~til,►liop for mentally rst~doJ Tfxys r~tjdepta laVxaitsd on wMr
acre situ paid for by Dwan citizens. .
21 '7th. >>.'1, i 1, t t!;i„ 71 ,.'J I I,Ii1{,i~`. r~,,~•1i', ..ii(r': .~I I Ji'.I1°. k 71 iP/'(;1•'rt~C11,t,t h'rI•'
,•,,,PrC4+:nl facilities:irNi}1d54x.(irtcl~ding,¢t+lr~h dtx[nx,}tl4rtnitgrk►. whlcA ~t:contmbslalCsaorp.thA~
1,188 students, S building: for physically handicapped children'wlth it capacity of 600, and a ;,2-btj ute t
hospital with supporting facilities such as X-ray, laboratory, dental, and pharmaceutical, In addition whfsf t
bylld;n$s,,,hete i;:, g~!'Ja~4rn,adnl4ils~tratl;o!I;b4lldin~r~,n q~Qael~is; b~il~in~, ~~argr' iau,lt¢f (ri?inlfnancc
shop and it warehouse. X r. ,
The School has.a staff Of 1,761; with an arpual payroll.in excess of s13,72K,948.
Banking
There are five banks in the < first Denton (:ounty National Bpk, establishcd 1892 First
,ate Bank, established 141 Static BRgk,':sta0l4h4 1963. , Western Ngtional, Bank.
a.tablished 1%3 Citifens astablished;1976.,
r„
' .1 n,.f.t:r ,V1, . . ri 11i1Jit ~~i {'t .•!'J'~Il r,:. iii..
27
YStilil r
77
' y y Y x d
+f i.. 1L'. 7a b a `r IW .CL
r ALt,r. , `f f Ir.~.`
Combi lied bank deposits E
1967 S, 58,321.018 1973 5126;209,60$
1968. .ti 70,415,202' 1974 ` 131,018,000
196o 72,841,000 1975 140,741,770
1 m . 9),547,695 1976 `1~b7,805,982
1971 . 98,056,36} 1971 l y5 006,073
1912 114,161,439 1978. 148,908,000
. .
Two savings and loan associations had combined year-end deposits as follows,
'S O'S$4 046
1967 S26,654,0S5 1473.. ,
,425
1968 ' 19.092,993: 1974 66,202,425
1969 32, 371,040 1975 69,3,10, 9,310,598
1970 1976. 84,235,411
38,262,359
1971 '40.441,640.. . 1977. , 94,1,68,257
1918 . [dS,901,284
53,692,053
C 1972 i 10%
eerb} (iarza.l.ittle Elm Resen,olr, one of Npt1h Tq%ks' largest fasces. Is one of,' Fxas' M.4st popular
recreation areas'. The Qarza Reservoir has a shore iiee of Ida rttilcs located eatir4ly in, Ventov Coi
' Garza .reservoir attracts over 3,000,000 visitors to its shores annually, 14 upper reaches of Garza.
Little Elm are only about) miles east of the Denton City Limits, while the dam is 15 miles from downtown
Denton.
' Grapevine Reservoir, another large body or water crealkd thl'U.S. Army Coro of Engineers, is
located in Denton and 'Tarrant Counties, The dam Is 23 miles from Denton.
Parks alyd recreational areas abound on the shores of both Garza and Grapevine reservoirs. Boating,
fishing, fitnting, swimming and all water s"s are the favorite recreational pastimes at both reservoirs,
which, beuaust'. of this area's favorable climate, are In use the year round.
48
J.%v4ti MY~d'" i, by ~'nr~ :'3 y°I yl ~K i:. ° 5yi,.,' •'k .',':r. e F.°.. r + , i'~ rl ~1 w , F,.
i,
GROWTH INDICES
C'deadar ululi j Gas Waiter Ill [Iget _ 1 Paslal
fear Pf"Its Nleters t Melm {>'Afeters T planes , Retelph
1961........... s 8,3p,000 8,900 8,416, .9,035 11,394 5 411,118
1962.......,. , 8,42.6,072 9,100 8,850 91500 12,580 450,42','
1963........... , 1,1,0 4,969 9,466 9,106 , 9,954 13,659 543,088
1964..,........ 9,533,287 9,630 9,245 :0,047 14,589 594,691
1965,,,,.,,.,., 14,340,069 9,980 9,495 10,073 15,600 622,357
1966........., 13,108,207 10,193 -9,541 10,576 17,100 685,618
1967.,,,....,.. 18,859,623 10,301 9,750 10,759 18,403 864,618
1968........ , 151' p10 10,602 c 9,950, 10,814 19,865 963,348
1969 I 15 ' ,677 10,747 ! 0,114 , 10,909 21,324 1,056,676
!9710,,,,,,,', 1fi,~15,423 !4,198 „ :10,177 11,047 21,530 1,102,187
, 2746,705 10,860 105d$ 11,325 23898 1,135,764 lp 1( 11,837 28,419 1 1913......, l,1 , 0860 110 1,174.. r i 11 ,,1Ir
1 t 227 30288 EI 2 19210,5707
1974.......... , 12,418,521 11,416 1,592 12,673 32,503 1,646,295
1915.......,... 18.306,334 11055 11,755 13,061 33,094 pit 04,7
MIS 12,142,134 11,745 12,077 14,117 32,25), ~
1917!t 22'244,075'i1111194V 12A40`rr 13;650;1 x...1 96,9W);) 0141146,515 Y
1978'.t'tr:1:;!llr;432;324,414' rn't''+'•{2,(bl 0,1 19121803ide4;'f;'{6,4041'A fs19,d811 rWlll,'21550,190 t
, ,FM
.lall.t~t llr iJn 11 1'Y 1r{U J11 (114 i:'ll s; .'!tr. 11~ ill rid Ll;lll/iJ {X~k l,l M,Nl, 4_ i,i lU J t )J; IrH ISr')}1 tit t~
OHOj lwl'b,,,.,11 e)?i+f, ? 1 J inf 6 aIl'A'it1 u ,.llrtli 1 0i) n 91111 + lr'.'r 1nrr f. rN ' i- Ono yzr, iall GI "rr 1
%1 ,+'t7zooItlfi I Io "14 {tn'1.4 b')!/L-J}j 1911,+J 1r. '4lbteJ 1A7f1 up!:, n.. iior1 .'98 .n11 7v, t„ii
J'tl)na.l irr)1) fl! I i tl 1lll4!1 9t1 f Y >if1N,*,t...) 13r, or t li'!;~-('i)tnrA nY rJJ i,.:,t '~yy
.`J I br F1 ,G .l i'3~'!1 JF~I!!''~G1i)'~. F St1Li1111r ~f~7 , r7 r~.yli' rtr l)rr 4 tlf., i, l' ° li. L~'} Ertl 1, en '1
1 1 r ) T f' ti y ,'~I
Ill 71 n >'e ..'4, ^11111 ~
,t13t. +1 1 fll~ (1 1!; al ttll,C.1 Ibi.; r{11~'JiJ57 911 If~lL :f ar , . 'J)6 t ,t r",d 17, 4 ~IIU 1Lt r 1 N
bet IOC lf..!'i tt1j 711: 171.9L, •''I it'lI' .111 :;'.!Flj:~ tJ'i;Jl dill lra 7$'LU 1ltl, '1'n'~ ,
{
99
'.b k~ ~ R : n} : M b ' .a: V~• ! iL~,~ a4 r: 4ti r`;;.:U"w~~ ' ''rr,~ : tr,+.-'.
ELIGIBILITY AS INVWMEN S
!Thd thherai Obligritiori Botlds are legal investments for sinking fundt of Texas countils titles aril 4
towns?''fh:y'ah, elig'ibk`(o`sec4la Texas'stile;'county dly'And shhool diiirkil fundrand tonstilutelegal
lnvtoj&fl(s for Irisurance'coni onies in th~`Sthte of Te0i i No' tev1& h'as bCtd made bf the liws of states
other IhAh texas to determine' wht thte tht Bonds are legal investin'enls for verlous ir,sthutions In 'those
• klatet`: I , - .i ~ Ir. ,1,r , E i,', . ± 1, ;,~111- ua
Tho' Waterworks'and Sewer System Revenue Bonds are legal InvNtntents for sinking funds of Texas
counties,'cities and towns. They ate eligible to secure Teka9'staie'ahd school district farads, irld'constitufe
legal investments for insi,tance companies in the State'of Texas. No review hs becn made of e! r'raws of the
states other than Texas to determine whether the Bond's are legal investments for vari(as insr,itutions In those
states. , . -
RATINGS '
Applications for contract ratings Qp these issues rave been male, to Moody's Invesprs Scrv~ , Inc.
.undl 91';,6 ar4 & Poor; i Corp9r,10on An eaplatta~ion Q~ lh~ sr,nlicance o~',sr'ch singgs ni a101' } r"8 ained
from tlhe compapy rurnlshing thq'r'atr}lg the ratings re cc( only the res~tgjve , e~s ~C#iich iailf~a~o~ls
anti the rrit makes no opresentatide as td ~he a `prdpetatenes4'of tl,e ra((It d, Tl~Eie ~s'n l isssli nCt'iha s,`Ch T' l y C n' - pJ1-:
ratings: wits corttln`ue jqr n~ g's4e o1'o 'p dir I they Wril ~t I revrseld IdA4 d fW't1t Fa n
, -
lit
eaiii )W°y`eit~rer`'o'r' botfi~ of'suc [IS ' 'mpanies, `it~}li"I Jis'd 'l ft('oF)eLi}'r`b~'~ot 'Cf~P
6 '
~ circumstances so warrant. Any such downward revision or withdrawal f suC"!'i• r~iih t ~rthc of ihFm, fi y .
hate mp gdvrrs effect on fry market p4i4x otf the Bonds.
r, ..5 r r 11'...7. ~•i'rry ,i.,~" , :i,.7 ,.f, hi',. i,~;7°
lit
'f~~ E~K•l~'M~1~{~r
n a, 04;vl'Ir1t 1 Al sal ~Pt, d'lt~ r Ir) ~iiq ~l «l1•, GrlA.I rl9a}{, t"l,ln q.iR U]y7liit JY'r'ltjl d11rr sjlil(d(ev W27 ,;I,
f , Ir;•PI~IQf ,-ra'.t.,u< ' ~ ~1, ,'ifl t4~ $lrkl~4.~A:3~9 34ltr4f~Sk~{h ~F~r~P11>. It~t9i
<
j ~rltv~• „ „ E, t1>e Ilr 1~`~l4t:.rP365cfI►.R NIKPw 05 r est 9rl~,~9Vrf 9,00
Ccl(14f4 ~~.Fha:GriX{,,;N110j~,~A~iSI~) J - £rdr49i?!r at
4a~rt~lM,+nal~l~t: as e`~ sj t+.ts$J 5~1R14!$~, f!',4k1 absp fQo9{ P,}'is, ~;~r,~~,rfviss►+~cll~~c~~w++,+.~~;~i►In~tr Yaa~ssui~~~n~~;an~uzutu►$l~~l~n,i'r~►~$,zstl~~s~J~i~lt?.~i~►1~,~.I
~Q
Counsel's opinion will be based are subject to change by the Congress, the Treasury DepartrBegt,#0,1#fy
judicial and administrative decisions.
40) 11111W t'0~ t .I/ 17!l./"I7 W f tl•NI /Al I tit.
EGISTRA JON AND A 4FICATION, OF BOND FOR S ~Y:a ~
~,r fIl lrli
? I-J;a7 r ! :r>'"•h ~•'iii a "tlj l,l9(~S,~:Ir !~1f77lSli!I1; Cd7G~f!. 7'lrl f, •^L If
.rc11311a ypQR,~hS flt4mpll~.pfBsl~fallJ44rIe9P~9rIi7Y/~cs4~.~:~,~irx~?.,~~~~hc,ae~.k~,Yl~,Q,Qa4?~se4s4 I
4nk.0;M* 0.04904 Pf,T.,OW SOJR1i9IW11,NPA91,9J 90,A3flrlpi ORP&9ititf490 JhYF*fiPrJ!AY9 f AM)
hSS.4fri ;at?i7►S4lcS1,. N~!,,!>hs, ~l+r~ES~ ~ @Ct h. R Gippx ~ J 4! f ir,~iF, t)Pl}rr ThF, l~ttY,:A~M fnf~l •1?a4u f 4tP9i}!'bb1113Y; ~~9~f
t{H4~IfIS9lloJi,Rf~ the,1f9~¢s~l!^tJ4~r, I rJ1A ,l ~~N 4SIf6.:ItWT~ Qfi ~PJ!y l~llrhiFSioA~ iit~,!YhiSh t~1J4'f,af1' 1` I If13R14,,
assigned, pledged, hypothecated or otherwise transferred. This disclaimer of respJb~ljiy;(of quhl,fatj~q
for sale or other disposition of the Bonds shall not be construed as an interpretation 4any kind with regard
to the availability of any exemptjgrt frp;q,setyyrJtle~rrpg~~trayipr1P4ayjsjons.
UL"Ai. OPINIONS. 'A rj CERTIFICATE' 1 l
CON(ERNNG LIT,CATiON; itEN61N(3 I.It1GAT10hP
a~ 1 i/ 4 I Ii 1 )I'. sir r a) i f7)~i 11 't 1
I Yllfl it , ,1 J'' J
r1/') I 111 1
e d y w) i fprns a Fh omP ~cl'' trunscrl ~ ~r'f s ihad ,nc !t1 h t i al
i, w.r, ' II r 1 , r~ f fir 1~~~~V- r ,~~,r rl ~l~~II~J~~S~S.~!nuance )t`tfic ends. inCludit? t{tis unq, all i Qt~Pt ring
~egal ~n41
'I n,ot}~~ At}o neY FIc{a! oft e Mate
1',a r l 1 I EE , 1. I
o , ezys, to t(ib cf ~c~ shay ShA, 9nds f• v vA, )f~ I r+&ar pI ~I~'~ 1°, 4RaI14,r! Pf t t,C, It r a,n, bas
tp]~ R od apn{cl, 4
e a(i tlQlt o `y~ n~Cr,Pt„c PtPffe*a 1114 94a' '~s Wfl Min Ail Pfo
1 ,
~I fie ~reF,~l~/tiP10},, fthR,4 S .fl!!l}a«.~~I~QR,~ 4~4#Ff? ~e kmPa.~r9litxF,'11ef1 ?4fi>;A?p,i io r
l~,~I~jll}e4~il~ 4~ 1QIY~l; ru4{t$s I~$r,tFl4f~t,s~Rll~:~i~• FN' R, y: rI'~lf4~1~~$,
<?}Fc1? SS,f F1aY~Yr;as.,, ;~YI.°:,,4s
htrllcA{I},o111~1g, cf,t,j. lit ~?io~n,4f1'?~ ~a fps ~~O ~
~altF: d
00
tai ;x .,d! r s al '7 7 71 1 r r 4 Y 6}I i
thin pending to restrain the issuance'and deilifety of the 13oeds,i Ve 1vb;& would afrmt the provision made for
their payment, or security, or is any manger gtlestionil`g the .414#y 9( 1414, Bonds qr lbs,.epupons
appertaining therew, .vill also be furnished. Oq July 14, 197$ the me,or Don W wards vs, City gf,Uenlon,
Texas; was filed as Cause No. 78-1462A in the DistrJO Court of Mnlon County, Tvxm, wherein the Plslatifl
sooyht to have the Court declare that three of the five members of the City Council had vacated their Most
by virtue of having become directors of the Texas Municipal Power Agency (a separate Iovernmen#, Tl agency
created pursuant to Texas statutes to supply electric power to Denton and several other Cities', with the
result that a quorum was not available to pass an ordinance, Judgment was rendered in ravor of the City on
January 4, 1979, and the Plaintiff has filed a Notice of Appeal, A similar case, Blasdell, et al vs. The City of
Denton, Texas, el aE was filed as Cause No, 9258 in the County Court at Law of Dealon County, Texas, on
August 9, 1978, seeking to declare an ordinance invalid on the grounds that a majority orthe members of the
City Council had vacated their offices, presumably bxause of having become directors of the T4cxoi
Municipal Power Agency. This Cause is sill pending and has not been heard or dislwsed of. The above
closing certificate will reflect the pendency or the twlo,Csuses described above.
the CityAttorney and Bond Col-risel litre or the opinion that ~•-ch litigatlun is without merit with w
reslieci to the 4,11r,84 tiors tha,'t three meihi eih of 4he City Council/leave vacated their offcey, and further ate of
,the opinion that, regairdl*ssl of the acoal.oytcome, the results of such litigation"woutd hot adversely OCO the
v #iddy of en orceabtlitY I of the $ogds $uch opinlorls are baio on several grounds, I .cuing khe tact thal
v n. ,
t je a p~icabl;,Te ps staluii>,i pcificalfy authoriz thelmempe i of the q d; Courr to'servpis direct; j of
r p yr,
the Text;rici1 , pow4~ Agency.
r ,J f It ~,y.7. ! " , fo 1 ( /li 111 ii v,!'+ds ~I I~ i ('j ! +f ,2 ay„ f1'
Bond Counsel was not requested to partkipaie,'andl~id Ir•~t' Iak~ ~afi irS llse prep2t tfbn'o~"th~1Notlte I
of Sale and Bidding Instructions, the Offi irlsprp o jhte Official Statement, and such firm has not
assumed an responsibility with respect thet o or und`ert k ' independently to verir tiny of the Information
tlonl'ai8bd `tTieijeErl ~'i$tP{t't at;'Eir'13~ ca'p6elfI w'i'06Un*1, Itlcb'_fiirr>4`h' 1 ilwcd tbb•,ttirok4nation
'describi6 I11l-13bAds (d fAe Off ld15t31edid tt;i'o' y!, 1' it-Wch'dese'riptEon~ "h hrhs to'lh* pfovisklns oY
the' u?'IttIrdl 6W. 'n'i h ail Ce~c do kse pied l COiE~isf l fo`1 iietvlotts Y¢Adef eat iR ebftheEtlon isilh` the
rWtdn i Uwe 6666106' hittln e6~ re 'ta1'Y ifid d"ej' it bf tlatf tlrtoildl Tlse kgi~l o}Rh1oi1 alit b~ prhlt )`W{~
{f. •]t, dill flit. h°r't ;if rg~li~..N-,)'°t !fl`J tf~p~:rl~~F;'~it f!ta~~1. e'Ir1flf;i rl J
on'fhe 9bAds.
AUTHENTICITY OF FINANCIAL. INFORMATION
~0 tt e, rii')'i eAllk) ~ lU ~Ul f k' I t ~ ~ t'r) ilk r,r, Ilia ' I E:#
The financial data and other in ormation conta crag have seen itdrfrom the City s re, ords,
'e'editm fihahbialrStftlMedts sill btlte~`sorirC s'~vhlcli'kfe bellil tiW to Wfeliabli Theieit'do Xtiarsi6ce that
iaAY'bfih21d4h,,lW11lbti's'°br'Elfirli>ites' on414d h60if 'will b ftilizkd!Afl df the Whimttilgfof the statutes,
doi:tthit'ntiif'rie?;ohodilt 7iYaS1+;f±diiYihr"OfficrAfStatg hf'dtt'xr1>silt"Stibjecl'tai'f11`bCthfr plovisiorts'tfr
'~tlcHtfa'lutes;acSCUSiSenlf9arldfes6tutiolfalThl~4 1L0iflibriddo'nol"eWr¢eH1dbe coiipkfestaitfHttttsof"wli r4
b6is 64 Ahd'46iri i t 19*6de't16lnch iid6umens, fbf ii eiiiet',i'nrc,ritl' UA., Rekftil`cd Ii ihade to 6i'i0AAl
'd&urfrekt,i En alEFis`~fstfs;`• 1 it ~IliI , r Ir;t t, if I -:i, FI I f. rlr ,1 1
-r iU. ',rl!_• II ° . ]i, .r r !(7 1 tiSN f~ f r. I I 1'[.+
CONRTITUTIONAL, AMENDNIENT'
On November 7, 1978, T;: 94 vpljrs pdoplgo yn,any,9¢mfpl to, the Texas Constitution designated as
1'Th4 Tax RelierAmenstiifgt"ryTtls amyndmegt,may rFl9I *4 S.duct!4Rf fbc total value of property, for
tax purposes, within the City. den4ra4ly, thy amendment extends cc•taln existing, optional tax exe f pfl ons
for ceitain'4EderYy pttrss'1, In lu e'ebriale disaRid ~efschs, chiing~'th0 rbeafure'Olsen"in4xifi~fions so
as to 'retail do ma~ et°'ve ue rathe (har"Aws#4 ;ualdel pfdolde~, for, or atithor its" ipOal vituat16n
procedure or 90 0 sp""act lajt'd dr farg iivrantli O'Upose~ qhd fot'tfmbei prodadon, ezerAptt cthaln
pffsotla( r r'fr doe hela'[at the 0roductibn 66K s~}oe'ftoln pt'o~er(y't'ai i tiop,'exc ud. I % d'ptop6ft
pp~~ p~ o pf tictilie
pd
rrohS th 'rtghtretiitn4 thai'0~o lrty faxes ae'eb>rhl end uuniforM eii rids the' isla ere s er t
'tv#ld ;l rhd' tlt ){i`S1o~Y'W ano bti~ld~il~ihcciPd'it'dJiff c~fllilntb!'tltb't3ripttttp ~`tb43elQlis'H'nteff+~d`ilt
the a+mendmenl; 3n~ authorizes l e t egisfatsire to prescribe tt di~efeAt A ,ihltd iof i. faXaI an n(`inlafn¢iblc
property.
try }•1' °~L j, t1` F',
r N l'.'' 1: 5 a Ib.t F' ,
~ 4 r ~'F3~+:t~ ~'Y, t~, k'~1?N'~,, y,ttb`~". +f~~W `;i ) P.~~
f 7,
~
Basic economic and statistical data are nut available currently for accurately estimating the impact of
this amendment. However, should the total value of the property subject to taxation by the City be reduced
by o material amount not offset by i.tcreases In total value as a rxsuli of other factors, the City might have to
increase its total tax rate, or its basis of assessment or propetty for tax purposes. In any event, the
amendment does not affect the City's maximum authorized tax rate.
CERTIFICATION OF THE OFFICIAL STATEMENT
At the time of payment for and delivery a( the Bonds, the Purchaser will be furnished a certificate
executed by proper officers, acting in their official capacity, to the effect that to the best of their knowledge
and belief; (a) the descriptions and statements of or pertaining to the City contained in its Official Statement,
and any addenda, supplement or amendment thereto, on thr date of such Official Statement, on the date of
sale of said Bonds and the acceptance of the best bid therefor, and on the date or the delivery, were and are
true and correct in all material respects; (b) insofar as the City and its affairs, including its financial affairs,
are concerned, such Official Statement did not and does not contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to m.tke the statements therein, in the
light or the circumstances under which they were made, not misleading; (c) insofar as the descriptions and
statemcttLS, including financial data, of or pertaining to entities, other than the City, and their activities
contained in such Official Statement are concerned, such statements and data have been obtained from
sources which the City believes to be,,eliable and that the City has no reason to believe that they are untrue In
any material tespect; and (d) there has been no material adverse change in th% financial condition of the City
since the date of the last audited (i+ancaS statements of the City,
The City will furnish the Purchaser, as a part of the transcript of proceedings, a certified copy of a
resolution of the City Council as of the date of the sale of the Bonds which wiih approve the form and content
of this Official Statement, and any addenda, supplement or amendment thereto; and authorize its further use
in the reoffering of the Bonds by the Kr6aser.
.ir/I ,lit Hi v lli lkviq ,i J'Al ,4.
j6k MIMIELL
Mayor
1 ATTLsT:
BROOKS IIOLT
Chy Secretary
32
,qq A rriY 1 v a
e 5 y i p L .Y.r 1 r e t{ 'v~ , 7rr a a''. 1 is r.: i
l ::na~~r,; {Ct ,~i r a
APPENDIX
CITY OF DENTON, TEXAS
FINANCIAL STATEMENTS
FISCAL' YEAR ENDED SEPTEMBER A 1978
;k WITH
REPORTO)iCERTIFIE0PUBLJt ACCOUNTANTS ,
I
I
F
n 1 , ~t ."s},..t.H1 ag 7~G y 4A;. ~ti* yl .Rt 'r'.'y,'T^;.
;.".~'7
1
~ ~Pgc C 0 Irk T E H T S(ci ,+±o~; vefh ~;11,~{ k~1dDr,~~:.
Page
FINANCIAL STATEMENTS AND AUDITORS' REPORT
AUDITORS` REPORT A-6
SUPPLEMENTAL INFORMA71ON ;
COMBINED BALANCE SHEET - ALL FUNDS A•B
GENERAL FUND
FINANCIAL STATEMENTS-- SEPTEMBF'c 30, 1978, and, 197,7, A•12
BAIe,ANCE SHEET
STATEMENT OF REVENUES !4"1D 'fRANSFERS,, A-13
EXPENDITURES AWENCU',~$RANCES
STATEMENT OF= CHANGES': 3 FUND BALAtKE° A•14
SUPPLEMENTAL INFORMATION
r STATEMENT OFMBUDGETED AND ACTUAL REVENUES E.
AND TRAN$FERS*,-A3r; A•15
STATEMENT OF APPROPRIATIONS IANO'.EXPENDITURES "L";e': A~IB
AND ENCUMBRANCES
SPECIAL REVENUE FUNDS: 4I
FINANCIAL STATErcATS . SEPTEMBER 30, 1978 r , 'r 3 itilti 1r,1
t r "$rAIAHCE,SHEE S. 21,cclI ts,,e'.'7v f,a'.3F'iTATZ A•26
, STWZ A•28
S'IATEMEN'fS'~OF~,OES7 IN..FUNA eBALANC&,~., ~ -lo 3 i1
r SUPPLEMENTAL I NFO*ATiON I E^r P A
DETAIL` OF MISCELLANEOUS SPECIAL REVENUE
FUND 6ALANC Chia Y:;Y3-r, t;ftN. 3~~ifA-~
STATEMENT OF REVENUES: AND. TRM$fFWS EXPOOTTURESIfi,;.6'AV
r AND ENOMBRANCES - FEDERAL REVENUE SHARING i FQNP. erJA;l A•31
GENERAL NOT SERVICE FUND 1 r 30 JA P01
FINANt;1AL STATEMENTS 'KSEP,tEMBER';50,"i 1978,,afd..19.71 E,
BALWE SHEET A•32
STATEMENT, OF REVENUE, EXPENDITURES IQ+',,Qalr}j c r,':!. c+
w . Y
G
v,5.rF11fJDBALANGEsf~;~^iafr~...a.;;.,?'U-t tat 1, ~.a} AE A•33
CAPITAL PROJECTS FUNDS ;
FINANCIAL STATEMENTS ;<:SEPTEMBER "~,Oj 19i8,
BALANCE SHEETS r ; r l .3 1."' A•34
STATEMENTS OF CHANGES IN FUND BALANCE A•36
A•3
Me2°"7 1 rs,, t+M''M.i`~~YJ.. 4.~~, , Y .>,e rFINANCIAL STATEMENTS (CONTINUED}i ' V``3 T G bid
ENTERPRISE FUNDS
ELECTRIC SYSTEM FUND
FINANCIAL STATEMENTS - SEPTEMBER 30, 1978 and i911
BALANCE SHEET A•38
STATEMENT OF OPERATIONS A-40
STATEMENT OF CHANGES" II'iiSYSTEW. EQUITY.':": • i t ; !y.; A 42
STATEMENT OF CHANGES IN FIWICIAI, POSITION A44
SUPPLEMENTAL INFORMATION
STATEMENT OF CUOGETEO AND ACTUAL REVENUE A•46
STATEMENT OF APPROPRIATIONS AND EXPENDITURES;'.
ENCUMBRANCES AND TRANSFERS A-47
WATER AND SEWER SYSTEM FUND
FINANCIAL', STOEMENM SEP'fE~KR'30,. 1978''aild 1177
8ALM!CE SHEET A-50
STATZriENT OF OPERATIONS., A-52,
STATEMENT OF CHANGES K SYSTEM;EQUITY D:' A•54
E STATEMENT OF CHANGF3 1IN FINANCIAL''POSITION A-56
SUPPLEMENTAL INFORMATION +'~`a ai':t 1f
STATEMENT OFj 8UDrotTEO','AND-- ACTUAL'; REVENUE'( A-58
STATEMENT OF APPROPRIATIONS AND EXPENDITURES;. 0r'
ENCUMBWC£SAW,TRMSFERStTAi'? ?,?wrP, ,'3 Til-tlTATe A•59 ~
Rlf
;11 14
INTRAGOVERNMENTAL SERVICE FUNDS
FINANCIAL STATDIE.NTS - SEPTEMBER 309 19WIC;,Y03 1Ailv3h
BALANCE SHEE*S E eir .QE P:3a`13'"fqK' (Mi 1 1'.iTA " lA;iar"AAl-,A-,62 1;i
a= STATEMENTS tiF OPERq~TIONS t13+H~ ? t,►;A t~ 8 A-64
rs STATEMaEN`f~ F CHAIVb VIN RNVE,StWUPITAONfv't'3X34 ;J,, :!s
RETAINED EARNINGS iSptTA t~+at°l s~,1 ~ t~~~~,t~? A*63
3Uki3;`3p J'~1~3V? 2l!i<<<'lAJJ3JF1h° 34 ,lI~.,3w s
Ott`#RUST A40 AGV.CY D ??'r1,3A~a r;yr,F
r INANCIAL8 -Alt :1 W1'E31BI:fI" 30',f' 1178'3VT9 *i(~ TYt MiT/J2 ,
tr<.~: BALAkt3H££r+.QN?, lJil sON JU-3,133 Z3D1`tv95r;U)V3 OU A-66 sGENERAL r BT 0;11t3 311031, 7fl' n Jrn3i!
FINANOAL ` 7`!!`[EAIENT Sf.RTEMBER 3U.3=1418, ahd;:i977. .}r,, ,r r,1'i'
f S ATEMENT Of GENERAL DEBT 13~~? -5Vf,JAP A-67
SUPPLEMENTAL INFORMWOM3R~TI0Y3,iUY3v3F 30 iVS3 iTHT?
f STATEMENT OF CHANGES IN FUTURE REQUIREMEI( S,.JAF (,Vjq? A-68
r
GENERAL FIXED ASSETS zi?i^+i,1l a'A,I9;t;
FINANCIAL STATEMENT;~P-SOtElt-a'-16`rl'197TT ,=Itt'iT!,12
r' STATEMENT OF CHANGES IN GENERAL FIXED ASSETS',. A-69
NOTES TO FINANCIAL STATEMENTS A-70
A4%
~t
y S 7
j b
btFd~ lANQR~NA3rP! ~ t~ ~ 1M~'9 F/p~ ~
+}}1rs QH Y1MyTYU7Qa~l iilJ#~:i ysi'1F ~!r
S~iP~C~N~1. f~b'AtION
BONDS PAYABLE - ALL FUNDS
f:1 flY.4(~C ,r:oi`rMl `o 'Fa rJ
STATISTICAL DATA
tTA~C ASrsE$ ~ r~ cnuo~_1r hr.r ' nur
P3 55 Y_A At DL~
S
A ~
f,,j.
~s~l L AH~~~ ~tA I sax tit Q 1~' ~ ,
• ir: a 1,:J':_ 1(1. _I .'r. ;+1 .'l f.3 'l l:'.? ~1i "•~rl;_a
iJS. L: f:'. rJi 1 5tWi --r7 •'rf{'~'
`1 ji- r1: 7rr r;~r~
„
.r; f .!.`1' J ! I..r:li '1 '~il :'i'ii ¢.r ~`S '?rlt 11 .~iP,•I !"A J c(f7 2.. r. i 'C.'j.
ri wi rtF. ,t7;',r' I '.{lltt%'1o-j t(rlT ~A JGt~! Of,
~C"1 r'(j~, jf3 A•1 (~•}f, ,1 .fatft~irl Ei ;iSl X" 15 7 F-1~.".~ °:r(l1 6 11t J'iso:~.IC' l?2h9X9 rll
'Ib,Ir r - tv,itsip" c,rr ai ~I-fr,,n7it duly{v PE!! jxt) rlDve io @,f tf<BSp
f,3 riqaar ri'tw^ Vtm•t09n0a io:1 rat ~sn,gxn of n tf3 ,
10 =earl 11 4.jj n,:' lf:8ltx(Ig1: ')d3 i)Rll .aR,i'gt)nI'Iq Nrt2InuaDDL
? woo bnG Fi .~'r rs t : nr;19 :311tiu rsd" , b~ r,^sul;nz rs,,A Ion 380D
,t(i bs:)vf,e •r +ad bluco, , b!qu3 aaee{2 a's±af l,3 eill tit rtwo,ta yi t ~ p3
tVtPl one, 8TQI ~0C 'iede.Wg3e i~ f'a~,pt4(Ȣ bns oti r,aev,lt
latanrniI ori3 rU ^e3a9110 Sit" 703 iq~bx0 nc,t(I tgn 7uo ai
k r{t 1)Dc?lz;7raF,}, -1 e33Cstri vr91 3o, brsu3 xjjaX? nl•.t36~)13 gri3 la a rr~tuafstE
ear ~rsC,isir: ,Inl ,rrrt.ia b0,lok;nra~,a•r0'3s ar;7 ,rigex sxrq Rpkb;'~~7q Hill
bile eblial Pu01•is:v 91,11 is aol rleoq lstap,snti F9ris V;ltlA 'impas-xq
870, , DF xod rt,3q~ lK r paxe`f ,noinga 10 Y110 nrfl fo equols Sri#aoos
h.~r" anotar.7n:;c► Rtrrf 3v s 1Sit8s7 sd3 brls CCci OF, '19<;im93g68 Jj~ fair.
abrsv% r:aT gs33ni OiJ o notllpoq t, l.andr.ty n: eagnsrf~ yrfi
yr,tir,syra r Le%j one )c vflr.•r ,r: kN tfiiw acllm-tolvo,) fit ,Leboe nerii a-in X
ar~s~moJn; ~:y•x 's~~?5s: slerrl in,lal.-.rsn~i r~ rrc~ bsxlggc ~ys'gtat:t•xct
rsl ,"ruonOD ,~y'; ri J1l4vr riJl'r ~8;-rt,crlc oil) owl arrsA oaE'sg7.+3n~; ofi3 a.t
<110 t~snc( hntr3 ;h: ~r1s,r? flair `al ex'37enwll Nall-1049,1 10 i'a31su 90
.8 n3oY, nt f, 3df'soe~b
lc, er{(~g~1sq, rilii `11 VIrtr.cik•xq f+brm r)%ow erzo ufflu+zxg •aro
9rfl r9l,rf'!^al,( ;q r:rl,f _)°;t Fl!.f m J~±t;1ellt`tiritC~~jt17 T,?n,tfild0l•r0l
Yr, .wt!L:j , C,~:•I?'~{ "•rt,I C 1R7"(:3 il; !'7Clr', rl.Y,~`X('.17ni ~R')i!1}^.~:1r~Cf~!t'
1 '.3S,.1 •11F;c'f'r it f ,'lfifrr ;lilt", ?C+,. f ;iliUifll f• , i:~ r74).17O:J
,j{LS
E ! ' .,rv P. 6, t~~1J ~Mr ♦ yi :Yi r'~'W ¢ ' ny+~~1~~ e h Y l f f!`4,
.a, ` COlI`1~ ~lY,, INtlRNAYtONAI. ftAM ! ,
~'~S~ATINE0.1UK10 'AOOOUNTANle, ` Itl XAND~~, S~~~t~c,~+~Na~#M W4~'f
Honor»{ble Mayor and City Council
City of Denton, Texas
We have examined thQ linzn~cial sta Cements, Pf _t various
} ! L i !~},y'YC
fundd ;and account groups of the`C~iti , o , 4 H„ r-the
year ended September 30, 1978 as listed Pin the fcreg4i4'gble
of contents. We have also examined, those .finkneigl,:its't 6l:nts
for the year ended September 30, 1,911 listed in the table of
contents. Our examinations were made in accordance with generally `
accepted auditing standards and, accordingly, included such tests
of the accounting records P.nd such other auditing procedures as
we considered necessar-7 in the circumstances.
The net carrying value of the electric system utility
plant in service was increased to the appraised replacement
value, as determined by independent -consulting engineers at
September 30, 1987 (Note 9). The recording of appraised values
in excess of'cost and the charging of annual depreciation of
$283,159 of such excess value directly to System Equity, rather
than to expense, is not in conformity with generally accepted
accounting principles, Had the appraisal values in excess of
cost not befa'recorded, the Utility Plant in Service aad System
Equity sho'd`in the,$leotric System Fund would be reduced by
$10736;7$L:,ind $8,019,909 at September 30, 1878 and Oft
respectively;
in our'o'ilaioo ex ept for Ahe effects on the financial
statements of the EteotNo System Fund of the matter described in
tho prreceding par$~~~h, the riforamentioned financial, statements s
present fairy the,.ftnagoiai position of 'the varioup,funds and
account groups .of ,ce City of Dentont Texas, At September 30, 1978
and at September , 1977 and the results of their operations and
in fiQ
the years then changes eaded;aa.ai positioq of the Enterprise Funds for the
conformity with generally accepted accounting
Waciples applied.Clq a consistent basis after restatement a
the Enterprise Fund' for the change, with which xe c~ ict#r, in
the method of reporting transfers to the General fund shore fully
described"in Note 8,
our examinations were made primaril;r for the pux-pose of
formulating the opinion stated in the preceding paragraph. The
supplemental information as set forth in the foregoing tattle of
contents, although. not considered necessary for a fair presentation
l
ONE MAIN PLACE DALLAS, 1% 16250 1214) 748-0100
; 2. ryx ' 3 YV f ;.M. Y~. { 6yF'F.4 Aa 7..
r:^4 7,77"Is ',r< pr , S +h , r i re a k'r fyy. C .~t qi,5
of financial position, results of operat'iona or changes in
finanoial position is presented as supplemental information and
has been subjected to the audit procedures applied in the examina-
tion of the basic financial statements. In our opinion, the
supplementgl,ip4ormation is fairly stated in all material respects
,IA,y*laiaon to the ba4ia; f,inr.ncial statements taken as a whole.
The, .etatistical,data on pages 92 through 98;44a;beea
"summarized from City records by City employees and was 6'6t" sub-
f,}go,ied to the audit p;ro.c.@dures applied in the examination of the
basic financial state*en.ts, Accordingly, we do AptIexpress,an
opinion on such information.
Dallas, Texas 7
} December 8, 1978
r
_ w L aa~v't52 ~69ri3
S
I
I
i
Any
irN, • v 4 f +
City of penton,rTexas
COMBINED BALANCE SHEET'- ALL FUNDS
September 30, 1978
t t sat'{ fi 1
_ ' t,°~7 . _L~LN:? t~. Li •J7 i1 `)r i7 r 1 ~ . i''',Zi _iL.§ j~a
1!t,+ltd., I r. ~r,, i 1. x
f
Vii. C'.!V Lo(~
r,?:t CJ :)1~~J7 .I .1"~a1r iif ,Ijc rp±{?, .(f.L1.1 r f. l~f•I lt.:i!,.: ~ner~l (:k+i €"a.~,''" -
Jr,;;; < - or. ,c; . {,i 3 Soecial' `''debt rrullr,I'Capitel
General Revenue Service oroJects
:SETS f:dnd Fi,. Fund d ~ Funds
„ nds
07
65;646.' :''403,831
Cash - f
448,783 2,'140
Equit~+~irl''pooled'caShi
Time deposits and 32,409 11154,418
accrued interest
Receivables - n@t 529,434, 129,295 - 394,070
% "
►40,380 _
Due f ntn~►' unds ;14 621,23'
I event Tries i
Prepaldetxpenses - - j f3Y.ci ,.t
Restricted as sets
Property, dltnt and
equipment - net -
Investment in other
funds -
AmoOt of future requira- '
vents for retirement ,
o'f, geriieOl debt - -
Amount ayaflable, for
debt se+w4ido }
$ 11173,127 $ 2279461 $ 32,404 $ 21673,150
A
A8
" "I M
K a. SY , 1 wFnL a '1 1 J I'1
i %d;f1 j.•.+" r y, ! , o'tr, P G~i •h_. [a ,r r
. ax5 90"'fia Y110 733k? 3JOJAS 03YI y
l/
hater and I ntra- Trust
E16atric " Sewer governmental andenaral
System Systan 5ervit6 Agency (ieriet'al fixed
, ir,: 5ssets`
r, ilnd_., mod debt
S - 5 - $ - S 222,952 $ 11428,342 '
292,818
~6~047,226 - - ` 21 501 G r1 r, a~ -
897,623 252
139349 451,350 1500998
973,485 - 478,443 -
479319 4,027 - 570
- 1,282,891 - - - zd rzV.~,il
3,345,2r8 r Csdoi.7 ~r s id0b b00:106
h 23Y996,426
26,496072 -11,714,103 1,448,370 - -
S3 Qin a; r Z° 2bnllt 7:r4:30 0 5u0
I L' SY iL!
y~
_i[aV 152a~P
180,747 1081979'F ;e? Cit. _
tl CAS _ ,t.tgr~3'rin 'r bD. i t f9'1,IU
i1,52~ 066)t3b,urm, nY .
a
t _ 8 y0tv,f92.
9,06
41' 430,419 13,513900E 1 2x398,952. ° S 222,952 $ 11,633,934 $ 23ti9~6n
~Ei3ri~' qtr 'Jn>~l9V,
r ~r~~ie, rarrrrr,lr~ - „~r~~ 922L 1.1x1.4
. - -YOinum y!S ; ^,oliucii•i~n43
`G~n9n~7wOQ Vim, f±tlbq „'r
c'G i ~nwb
. 7
na'ri3u7~tn00
- - z~nYr!r5~ b5n}6?eA
2tS EO.. zs0nbf6il Gnu3
J
f
a~ p• ~5~,i r
p.,y~+m 44u~r:~ f: k., f r ePi b.i ~?':t [ R 1~di h" 1 . k.~ n rig rl:w' i y~L:
9A 4 1
City-of Denton; Texas
COMBINED BALANCE SHEET - ALL FUNDS (CONTINUED)
September 301 1978 j
LIABILITIES, RESERVES, General
CONTR?BUTION5, FUND Special Debt Capital
Btj.ANCES AND Seneral Revenue Service Pro,iects
RETAINED EARNINGS Fun_ Funds Fund F n s
Deficit position in
pooled cash $ 139092
Accounts payable and
accrued payroll 261,948 1,172 261*666
Deferred revenue - 61993 .
Lie,bilities payable
from restricted
assets
Depr,31 is - ,
8nnded debt and notes
t%t
Due to other funds L,.;'-
101,827 164,619 27,541 629,782
Reserves 4979345. 51832;t:.',r,;
Encumbrances outstanding 37,946 - - 3474486
Unrealized irereient
in ValuaN okO.'s~"; I
utitity'plant in
service Fc8 t
C~ ~'~tRQsl tf~1S4(~r~l ~ I,.f; ~C~61. ~-~1C~aY iC~~s''f ."~IF, r 1=~~f~,i4q1%Y ~
Vestment 1nT` general
X.~I „~fik'~d^assetss-~~,:,:,~M,:.:,
~ AiGS.vl 'k O^}„4 ['Y tKY4"r'.`yYR',
Contributions by munici- `
pality and governmental
agencies
Contributions in aid of -
construction - -
Retained ean•ings -
Fund balances 274 0JA 48,245 4,868 1.194,525
$ 19173,127 $ 227,461 5 32,499 $ 2,573,150
A.Eb
w m •A V+I
w J J yr F 3 M r r tl . J 1 .F ~t .•1 r r 6.
`F 7,:..1 tN 4 .+'r vl i~~71 .,r~ Y t. I k~. '11' ~ ~•,~'~i
2fiY9i ~flo~rE+il 1p ~(Jfa
r
Water and lntra- Trust
Electric Sewer governmental and General
S stem System Service Agency General fixed
, und' NAU Funds Fund de'ut assets
6270108 $ 3629022
S S
1,6-59,406 67,121 90468'' 22?1952
6929'850 458;820 -
2329489
18,904,603t 6,0679908 - 11,533,930.
257061 49,537 127
551 590 i
3 ► (?i~L~~ t!~I:~,. ~,ii3'.~'i ,.::3i''J;u^,i.i
2o573943
~LEi,b'•>, ~ FiS~pc~ ~ 9E4!~~;6Q 11ttuG:i~:a
' 4~d,:i~! cE;,SpE Z~xs~ lfc°,~6{ br~G Eir~'t~,rro b9~1'r37R
2br,,O
1 7 ~~ritc c,S 3ui,~
MJV -
- 289,72? -
ctS, f ~ e,~L pi .1023ro t3 J319960426,
.
„x
t~ (Y ? $4~~481 1,038,268
1 h (l
, I ♦
1512~~8~ ` 2'f466,'44 7 6181345" - -
S 41,4309419 S 139573,008 S 2,398,952 S 222,952 S 1195339934 S 23,996,426
{4
„Iflc`~l`!Jfi'f22f(i} ~0 f•lfC~ (6'l~9~ll( hl Ci-If2affirriflf~il$Ca:Tt!1'):~Fr d111 IA- 11
rrrr -
A , w t y d f ,r1`NWP}y'
17r y
r r pp
y 3
Ci,,y of Denton, Texas
General Fund
t
BALANCE SHEET
September 30, 1978 and 1977
r
ASSM
1978 1977
Equity in pooled cash (Note C) $ 448,783 $ 399413
Delinquent taxes receivable (Note A) -491,345 367,063
Miscellaneous: accounts receivable (net
of allowance for doubtful.Addounts of i !
$24,600 in 1978 and 5:0,000 in 1977) 329089 14,711
Due from other funds 194,910 32_1 0233
$ 11173j427 $ 142;480
c. E': ~C'`; • 8OP
- LIABILITIES, RESERVES AWFUND BALANU`, `
Accounts payable # 69,211 $ 44,875
'Accrued payroll and payroll texas 1920737 162,611
Due t`.o' other funds .....10.1,.8.2 7 69.4268~, i
Total liabilities 363,175 266,834
~cumtrances outst,nding 37,946 19,215
ReservO for delinquent taxes 4979345 361,063
Func balance 891368
i iyE. Fc~ $ $ 7 $ $ ~S.21
=mom
1.c1~i, ES yF;k: II Sa(, S'5 a<'urFS'<'frS ~"ocyC~a'u e:E-0yCiir,iA
::Tr ..Y.•`!iIJVYf:_n ]F .•.W Y: p..n'}"IY L'+.''S Rt '1..1.'T•:T:'.T I 1 v-:.~'/Y.'Y : vr,.y..,:...pr~'.'9:"I~VV.~ '
The accompanying notes are an integral part of this statement.
A•12
vy n nRl ~ r r • r
'T,
sr E '1 + "t1 '2°` k '~'t 4 1Qk. J.1'1 y?J :hb + ~lr i ; `Ci tynerrallt+ Te~cas
( Fund'~
STATEMENT OF REVENUES'AND TRANSFERS
EXPENDITURES AND ENCUMBRANCES
Years ended September 30, 1978 and 1977
Revised
budget Actual Actual
1978 1978 1911
Revenues
General property taxes
Current $ 1,935,024 $ 19873,265. ; 1,4501848 Delinquent 50,000 439978 72,978
18,9$4
28 1 580
PAnalties and interest 19 000
,9'f- 36221
Other revenues
Other taxes 1,627,243 19758,665 1,401,760
Fees from revenue-
produc1n; facilities 9110500 887,433 832,983
Fines and fees 322,IOO 3259247 302,842
Licenses and pern;fts 17,450 93,056 57,3F4
Miscellaneous 2266 403s177 250 512
8;497',578
t
Transfer's from other
funds 2 635 2 1_18 2 5 8 943 79 150
, 60194,657
fipenditures and
encumbrances 4,119,757 ' 40721,391 3,884,490
Salaries and wages 479,;20 468,217 433,197
Supplies 6610466 780,598 618,415
Moir, 1,110,399 1,05809t;1 840,753
Sndreesenance 20,921 11,605 159623
Sundry
Capital outlay 344,134 314j04 108,752
Nondepartmental 344,680 3689272 tE5,5%2
expenditures
1ns,,rance 61,084 680111 64,08
7;7'd~'18~ T,798;033 3 ,
EXCESS OF REVENUES
AND T111ANSFERS
OVER EXPENDITURES
AND fCR I~ Ut16AlICES $ 1760640 S 1849693 ; 626856
6?d W DJ 1 ~'i ~r,'I og'rl 11 t~ (?'it iii f(1(s t. i.'.tl"{iw.•, Db
r AWWWWWNSimm
The accompanying notes Are an, integral part of this statement.
A413
r a. ! Z y.a ` i.,,` 3~1., Y 7 1'p'~ , Y, Y v ~y7RM~6~B?4ii A
i'
ri .i v r. IY1F F'M1,^ !M~3! f.. ~r V°Q ^'l~j L: 1 d
11
6tys~f, fthWh►~cTOW)
~f
G0 96V Fund t)
STATEmpfr OF CHMGES`'! M FUND BALANGE
Years ended September 309 1978 and 1977 =:1
•4j9
r"
1978 1971
Balance at beginning of year S 89,368 S 26,512
Excess of revenues and
transfers over expenditures
`and endumbrarces 184,693 ~r 62,856
Balance at end of year' S 274,061 S 89;368
: : , .rte.... sso~
t
WTI
. ~l \ Y l~ 1' R. l. . r t1~ f S 1. S d Y 4 . 1~ i 1
f
t.c~:',':Fk.~ F.F~':h'r', UGc, } iil 29T'J1 { fJu7 Qnt~~tri°,a
'i~t':j'r, r5ttf, ~I(J`~ft:,~ .^•~i9~ Fl;l>r 2J."f'i
Wl ,C~
t
~tiC~ 1 r, rr11i.t.C!~'C~fi } _ Cl,rt:)515~~532fi1
It S
•1 r1')o fao 2 54 c~1b"rT
Efts zs"lu JIbri5aX
a9Dn6-1druJ?nh
~i~,1f', ,G CL>MrCS;,A CraC,P1rC,t 292vw Gn{ za•r7b(s2'
tGf,f£ .1S,Bizs' 05Erti4A 20[gqu2
011: 2°~"rv752
r
~'~cl 2'u17,r1 1~~rOS }1k.15~J~:
~tC £'dif ~~r, ft` CFIr?1% ~E.r t~3 fbiiQ0
r
t6Jft'.1'If.n7 111[),,0
:~1~et4J{ ~~lehd'e 1~,4G?r1~i. 2:~'1U~lk~'?9y>9
f r j 1 h6'1 i
i
2~ui~~V3R 3D 2%:1~};y
?fj',1i ICy 39)1._
The accompanying notes are an integral part of this statement.
AK?r:.i'J1:.2'x #6tT CL".fRr"~.'S:':YMF~. h'ICC'!'1 :iir,;yry.R
,j,7,r,,„1~i? t~ii 9+<, ~I~,h ,'[^~t,,q.lnt ►t: 9'fff :4'+J4tti ~>>~t'~.nL7mo.•JS 5t1T
r e J I } T U i,.yN,,,.
a ry;. 7 r' c ^ [i. tow ^~f,br r6 °.a!`6 2~ w o- v { nY ri
e
Ji .q s
l
aC1arY:4ftD$ i<oor<;''j4aAs `
Gaoera~,Fs~a~
::STATEMENT, OF WGETED AND ACTUAL REVENUES AND, TRANSFERS
Year ended September 30, 1978
Revised Actual
ud et. prior year
GENERAL PROPERTY TAXES
Current 10935,024 $ 1,873,Y65 5 114509848
,Delinquent 501000 43,978 72,978
Penalties and interast 19 000 28 580
OTHER TAXES
d 104001000 1,535427 1,197,962
i ales.
Franchise - Lone Star -.64s Company 84,744 84,44 76,880
<
F_rnchise - General
tl elephone CoMAny 65,499 65,494 ,~4.60051
,nixed beveraWJ;, 20,000 22rl9i, u , ,*o, rf~11i192'
Hotel occupancy tax 57 000 MAO b~iO t~;
I T~ f 4; r f ;fib[', T6~
FEES FROM REVENUE,
PRODUCING FACILITIESr3G
i `G+04 4g char9ee~ rk:lr~r raa~M cresidentia 0'),,2 ? ~~,434,000 4Q5r1 1,o--4061439
rGarbagechargiit 1
r,o rcommercial 366,000 359,5Q2 \337;891
CbKilimIng pool > `;c Kl(iitL10,000 151115 z!5 3.11 984
.390
vtt,emetery feef'U0,r (`01) t t. 600 r ~1 r124J'~~ ; to"
Community buildt
6r~124~ xs.r
relit _ t? 2407
spr 4,500
c17,;girport rental:.It +{a1,~.140000 15;4$9 zv- fEl2j813
t _GAr )a9a penalty,' Z. +,r u, (13,700 13 199 E 16050
Special pickGo'sirvickl 2,700 3,13 a c;; .24961
Recreation program axi' rE Sf yt:z
;oI,r30 000 319149 'rr':43,242
activity fAe -FS
Athletic program fee 129000 12,359~r ~r,u x:;+s~,a
~,,Aoulance se dice fee ~4 00 23 865=,~ r t
l11,5~ i 3 '`•t',r 7832,98
0C
FINES AND FEES r+; ' 'I
09rpflration 000t r,o ,306,500 ~307,633r )iw .v284,646
Animal pound s-, t (111000 .;,e,r20981)1'1; i~,, 6,'328
Automobile pound 61500 Iq~SO';~~{ ,5814
Court cost ser4ke fee 1,200 2,031 3~ 871
-1.0-Itti funeral `escors 00 5.129 6 183
ehd guard fees
ffrim 325v247 30 .841
Ail$
T a s a t 1 S a.t r } v, a r"ti.tl R k a ~7 r! S t y ~ r
C.
zGit #~DAni:oAY6~a"s
Oon~r~1`~FaA~
STATEKNT`OF 800TEb AND ACTUAL AWNUtt AND ~TPJVIWAS
(CONTINUED),
Year ended September 30, 1978
Revised Actual
budget Actual prior year
LICENSES AND PERMITS
Zohin~ oermits and
betitions S 4,500 $ 5,990 $ 4400
-Tax certificatas~ 39000 3,934 F.'3i167
Electric and plUmbino,
licenses 4,303 4,152 4,458
vital statistics 50000 1,104 '51229
Building permits; 42,000 49,558 207326
Miscellaneous permits 11500 tis648:,. ;i+_1s345
Loading zones ¢1'13500 1,125 :2201
Garbage permits, }139500 17i201;,L: trl;}73cj
~;25q
:1aEemenC 250 250{;'r n1,~1
" ExUvatien ~per0i I£s`-'.S O'y 300 412,;~r"~ ,-sr; r,~;494
"`W#;and beer pe'A,$ (1 ~,Cc ,r~ ::3i191tT(
F.dnd.licenyes f; 600 1,68 l 6115
93,056
1q 1Q91 I",n)
ala., OF.1~OUa
MISCELLANEOUS k3i'14
F:n uc#"~i"344
Parking meter r ets 20500 341,
~ 1ktr k 1nsred i4 f' t)0~+,~£4,OD0 5 06 r)i~rs~ izJ 6,340
1 55 r1
Plumbing inspections 14,000 16,5441 f c'.1>1 ,413
' (Couhty, fire ruli';`t', R fsCt`i~, c~E• - t ~ , no:2 X800 '
;.cWiet Cuts 2iI,ei 000?r48$000 52,258nGsr urr,e 5',$12
c ,Rents and concHiOns 003 4,000 4$OOQro , °ra15~ 4300
Stet /federalants - Z?,;413u r,Ur10:4
':fGasdline tax r and 492 7!5:31` 465
E 1rlildel laneous IMON 12 1000 41,9681x; ~ d~33t089
+'sale of refuWbigi f 00 % '26,000 21,409c r,~ 6125+612
oilnterest income:i,r, 00't 4083
Sale of general fixed r':r,f r+? r r1f. ~a~+
.91se* 239107 23,107 r, ,a.t y
County ~contribGtiohf- "-,Cf kr' Civil Oefense~: , ` . ;'o,¢oo 6.860 ;x,- 5,007
Federal contribution -
Civil Defense 18,000 169902 15,887
County contribution
W I y FowlerL10%a y orj~-:.113,000 99,5W- r r t 86613
proceeds from b8nk`.loan 43,276 439276
Codnty contributlob -
Ambulance WV10 E -36e372 •t : z,!:. x
WsM 401-377 260,522
A'16
aY ~ r Pc_ a Irk a 4.%. S17:- - T
1 il` pf,cDer~tAR,r t6x45 k
"~GEr~r3l ,fugQ
STATEMEtTT:4F BUDGETED AND ACTUAI,° REVENUES AN,D'TRANSfiR$
(CONTINUED)
Year ended September 30, 1978
Revised Actual
budget Actual prior year
TRANSFERS FROM OTHER FUNDS
Electric System Fund
Administrative services 5 535,000 $ 395,180 S 456068
,Return..on net investrd6nt 19012,8213 1,012,823 4%168
Water and Sewer System Fund
Adminisvoative services 179,000 252,625 0 521323
Return on net Inv stMent 1800000 180,000
Revenufa Sharing Fun 7454315 545,15 3320301
Genera; Debt Service,Funi 183,00 0 14 3
S 1,9189321 S 71982,748 $ 6,]94,651
ji e'SE!~,1„1Ll."f;bi5
r
Cr~t \r2;
5 d5✓)'V'L ~j't~' _.t.
EiW~S E? A3i,S Qe
~c~b.l-da Ski`.e/~~.i i?r,'•,tti, c9C1;itK !inE ,lhsrt t Gte~i %i a, I r c3~r'i111f 3~r
"a ~i~4r ~f~i},C s nra,aJrl frti
.r 1
i i tat ~.4 ~f (1 i?.a
Oki 11
.T +lvl f ~,N a.. .F xW} •.i Y ,.,i 'p
I- I "I
CCity'.4fr^en4i~'Al V X Ws
C~'1kl'~ E'.Eu11d
,STATEMENT OF BUDGETED AND ACTUAL REVENUES AND TRANSKAS, 4
(CONTINUED)
Year ended September 30, 1978
Revised Actual
budget - Actual an1U_ye r
TRANSFERS FRIM OTHER FUNDS
Electric Sy3tem Fund 535,000 S 395 „80 S. 456,968
Administrative services $ $55,168
,.Return.on net investment: 10012,823 19012,823
Water and Sewer SyStem Fund 179,000 252,625 1521323
Administrative Services
;.RQturn vn net inY siMent 545~31~5 545,3 5 .332,301
Revenue Sharing fun 183 183.QQQ.`--
..General Debt Service `Fund 6 2'56&BAd 3 Q
$ 7,918,321 $ 7,982,748 $ 61194,657
r {p f,,ry
..~£.W h Sri , t r E
'sii's,S ~i~.ia,l; ~c(j(sGlr,f'tG`•3 '
'(7C',tGG~,~ r~ ar~lu~,s!
ff''„" ~t 'T
y , st" tip,
Ci3 •(:a ~r,r (L.
61 bile, fl bm
y p ca; r 3 dtr~ K7,ttY^9G'
r C
17
ril rr.":. f
A; ..1a(, ,11YI1
C v
} S
r l} i
i
GyU{{
A!N
Gene Kt~ • ; . , . k : ,
STATEMENT' OFWPOPRIAT'IONS AND EXPENDITURES AND ENCWSRANCES
~f
Year ended September 30, 19,78
Expenditures
Expenditures and
Revised and encumbrances
appropriations encumbrances 'prior year
GENERAL GOVERNMENT
Salaries and wages S 197,438 ; 1969414 ; .;:141,806
Supplies 15,512 12,600 '109067
Maintenance '225785 23,557 • !,30,532
Services 176,335 162,303 116,212
'Sundry 13,410 81212 8;853
Capital outlay 191 180865 x,256
Insurance 1 7,809 7 304
453, 429,160 19;030
LEGAL >DEPARTMENT
Salaries and wages 1080977 104443 82,329
Supplies 61725 69295 19655
Maintenance 19225 1,225 730
Services 22,059 22,580 17,274
Sundry 2,1" 499 2►517
Capital butlay 4,280 3,240 4,9 9
tnsuranCe - ..501 407
COMr4UNITY DEVELOPMENT
Salaries and wa;d~ 274,686 274;1992 2540682
Supplies 17,245 76,873 18017E
Maintenance 7,600 8,552 9x224
Services 17,719 189061 239600
Sundry 1,380 960 1,594
Capital outlay 77009 3 721 730
Insurance 3,
,3,70.9 `3 3913 31516
j742 9 311s517
CIVIL DEFENSE
Salaries and wages 29034 29,281 279137
Supplies 1,829 1,616 11640
Maintenance 3,232 39667 3,386
Services 21729 1,752 3,020
Sundry 10 11 16
Capital outlay 61207 4,272 11588
Insurance 7.15 567 833
A,,8
An
wv'YA,°F' P,'."~' ~ a-pfi r^'n; '91 i%t~C 79c-`r°*i:7sr
arRr
°
77
i
Of 6fi bhthAP YOU
3TA7EMENT OF APPROPRIATIONS AND' EXPENDITURES' AND ENCIiHIBItARCES
(Cdf~1'fN~lEO)
Year ended September 30, 1918
Exporaitures
Expenditures and
Revised and encumbrances
appropriations encumbrances prior year
FINANCE ADMI III STRAY ION'
Salaries and wages $ 56,583 E 51,736 51,416
Supplies' ; . 560 446: ,
631
Maintenance 125 149 -106
Services 1,400-' 11541 1,191
;wSundry 17 11 16
Capital outlay 205 102 156
~
nsurance IB
386 6T
i
TAX DEPARTMENT'
6$albt~es And wag~Z3. 53,54W'A,r~~G,f 53,8-~ z~i,49°r~1b1
tSupr,lies C ra, ?c 9,465fr1, f ; 7,734 r t~;g~161
o1laoittenance Sl?t,t3 183,3:1 ii 432 1~jc:564
offetvices Cc1~,~c' 10.92ez~,n& 99700 t+r2~981
16hdry 3A3,Sf 176S,0f 11 s,t,t7rm11b
f'Wurance f`.US 62C811 334 y rbnudl4
< C~pital outlay 8SP,ES ~77~o )TtBS 877 vatluo t.510035
~ts:'T f3l~, ~E; 1 76,
TITr,'~;;~3T
DATA PROCESSING i't•.k ~fi-'i I aIS
e3ollries and wages - 108.076 - 110,?~A.Uw b,,s 231•189111P
K'Supplies - 4,350 , . 47 ~q t f voj' 385
4F,Mointenance 21,604 73,51 S:~nEn,;intc$37
t Services - 88,448 - 919226 t'tj42A 26-
f Capital outlay 20,342 - 20,642 ~V,,3 122
e3insurnnce - - 9:anF',u a1
920
SANITATION - COLLECTION el,'~':' ~iJ111
8ASa15ri9s and wage3f,a 34097750,tr~` 343,121,6v~, toE 2.tt 3001405
~SSupplies 161`0870c:,f 174,831 156y$51
;(Maintenance cC% 8995001-,:) 127,161 10 70 46
vleevices S63,44 15,517Gc,c 16,553 15,045
R,Ssundry r f 300! 85 t,,bnu2,10
Capital outlay - 35,248 34,917 !j=wrf 14.4145
( insurance
5189 763,165
W14P
A-19
J
p'6 a ,S , a
~r :rya 771r -7
i
G1 t,Y ot• Denipr~',7 Ttkb,~t • ` " ,a
Genera*,fundl
Si ATEWNTOF APPROPRIATIO14S~ AliD EXPEIiUITURES'AND ENCUMBRANCES
(ONTI NUED)
,Year ,ended;September, 30,-1978
Expenditures
Expendi.tu,•es and
Revised . and encumbrances
appropriations encumbrances Drior Year
SAN;TATION, OISASAL
:,,Salaries and wages S 54,844 S 57017 $ 45 j033
-Supplies 6,680_ 7,190 r,4,;324
Maintenance 32,085 19,921 50,842
Services 102,437 1009898 x'31,664
-Capital outlay 85 f
Insurance 500 193 250
783; 3
POLICE t,A7
r65pllries and wa~iflfF= 19078,740'•"F:c 1,083,865.: ,r otis nr90029
f;,Supplies E ,C 711010;«sc 660267 <t€4&1651
s(+Maintenance 47031:;; 699702 s_; C,' 0 ,48038
i~6Pvicec $0,4393:,t's 57,307 ai6Sj910
,`Ailnsufance 10,265` 12446 X1121 1
t~fSundry t~F 1,826~,~ 803 s;nsyu1019 t
~928 &tnb > o t 93
apiytal outla +E; 2 C 23, k
r~~e~ y 1>,T779, 1,314;4ig ,
RIGHT-OF-WAY ",x1223 Ct,;' A;A1
5 1dri8s and wago's'<O t,nb est,431105
~ES~pplids ';f S,2 r~c,t, K~'rt:lr},:408
tcKaintelrance 12SI ES ~aa, t~ ' <,~ncrce~,li234
~s;S~~S+ices ~,.,l..t.~. L~:rJ••119 1l~
cr.Spnb'ry ,~,rr Ct.7,Gi v_b-r:uo 11&1ius`24
Insurance _ r., ,5%,. z-26
15,219
PURCHASING lsJtl.
KSO)eries and waSkV jt E 3594W9 , (~t F, 36,163,!),q brut, ~ t;, •+301948
resvpUlies 3,6531 3,343 =r i"41075
~,~Meilftenance `.f 600", 705 ! if204
4L
~~nSeryices <<_ , 505004,682 -8119
oiSundry fzij 16o'-, 11 24
,itlpsarance fertr,~"~
'COP1,01 outlay ~r 27 f;,r. F;izai
4 Do OM
A-20
q 7K:
71 7" T77
.La, tl A';t"1~" /C[. ✓R'n:''''E'J YI -^N w yri.
Cit,lo oiwWn~aT~,/P
Geneh hfundl
STATEMENT.OF APPROPRIATIONS AND`EXPENDITURES''AND ENCUMBRANCES
(CONTINUED)'
Year ended September-,30, 1978
Expenditures
Expenditures and
Revised r and encumbrances
appropriat} ons ng cumbrances prior year
BILLING AND COLLECTING
Salkeies'and waq'es $ 248,7'32 $ 248,072 995',259
lSupplies 1 ".5,320, 1.49166 x43,735
Maintenance 6,336 6,014 'r 4,'455
; SeNices 12,606,x 9,424 19,807
Sundry 940 427 138
Capi tal outlay 10000.', 932 x[,:409
f,~ ~726f_.t' 11292 .,,-.l 569
i;~urance
372
f
T Ms719;,,L~~ , f 310, 86
4000W INO r +r'r; T~?3i,7r
1alairies and wages 429631Er,G 40,562,h,! ',,r ` <<i+ti27-,311
cSu dies ,i`_, 3,215,,6` 3063 2j066
t X MaBtrnante , of f 100 c, ~~Er 58
'ETR~'Vxces ?b~,SfC 31478):30450 2sotv9007
~tCapital outlay 87875 vb"U1100
A nsurance ;i,,E~ GDt,iOf c Juo ;f~.r T3
-~1 684
43,10
J. L
PERSONNEL „ r,~tiaif'C~ -'s6Y863
Srlaries and wages 36,464 38,9+10" Ciq?a a4050
pp 39230 31509.
ctMaiHtenance ?c,tiuS ltib?C.SSS z~198-,, bnb a3h0 Z 132
SeWces 6a 6S 7►170te,(S 69004 ;,►tgau6,3~?
(n3n9llrance cs«r,e~ 21oEtC; r~~+cn~ln.r,Y.
`r,Caoital outlay ()+E,;~6 1 02T1,10a 567 z?~!vrG3 28
r;C f 4tS,by3?E, 49,Z1tS v, strn
iqQ
T? F1. -.CONTROL
~1 ies and wades 65,SW6tW 64,056 03,606
Supplies 4,200 50340 4,137
Maintenance 28,200 25►963t Fr„ff~~;:l2 -27,1861
i;SeS~4lces c %.,f5 8,8407i.i`~ 7,961~cv, t.m. z'.►,ha,d84
~ CA ital outlay GvE<S I01509tS 995 zstlq+j650
tiAnsurance 3((.3 tE',( 882 ~;r;c,410073
Ef(~ i=o~l,E 109,48 1059193 2°e,,TV61511
C, VCf III( i L3 i C~6~
??nfi'I1S2n1
as
pat
19 1t '.k 47 -0r7 7757:
Prsrit - ~"rM ~ •',-i r^ 'dry .W Ii
r
r city`of otntan' )fjkb3
Genera 16 Funk!'i
STATNENT OF APPROPRIAYIONS AND'IL.)S?EtIDITURES'AND ENCUMBRAXCES
(CONTINUED)
Yeah ended September 30, 1978
Expenditures
Expenditures any
Revised and encumbrances
appropriations encumbrances prior year
FIRE
Saleles` and wages $ 1,148,193 $ 1,154,227 S:< 873,458
Supplies 339170 34,177 ;20,954
Maintenance 20,281 26,876 210091
Services 50,911 459836 34'9830
Sundry 23 23 33
Capital outlay 80,729 74,087 11;669
Insurance 91.817- 8 942 :7 203
T ; r N. '17
1,344, 969,239
STREET AND BRIDGE
Salaries and wages. 324,950 314,008- :.;r260046
Supplies 28,150 t 21,463 21,094
Maintenance 3369580,), 396,802 288,,214
ViSeNices i '!•,i 2331900,,i,f 212,640 ~ja206031
Nl',~ Sundry SOO r3 357 ativ4~ 15iigtoU
Cappital outlay 101,000 851014
s4 ~pQ 17 433 3 89
1,034,Oi1O T;3d>3;'~TT y191
PARKS:- ADMINISTRATION,- . ~•'r,i;` t. + 7ritZ
3'AND PARKS
O f Salaries and wages 22203W ,,f 250,953 r);ntr-184)016
,~K,Supplies ^C!~s, 27,914~`, 260525 ~-~2l'r834
Maintenance 27tIO6" 290108 -,;111-4244667
Service's 60,432,I',, 64,340 'x,14007
119 188
SWdry ' 320 <F
Capital 7,385 7,177 13,481
Insurance 33,.. -W ~q 14
COY <ii
PARKS`- SWIK41NG POOL.";
Salaries antis wage3 21,160,.: 21,365 x19,696
t ~Su6plteS ;?f' 2,44621 < 4 2,180 \et. ~ t , (t,o igf,875
Maintenance 7,9lf,<- t 60116 rfl7 , 001
f,Se'rvicei) 4,750,5130564 21713
Capital outlay 29723 20805 -
Insvranee 3 671 _ 45
MO , T 29,
A.22
X.r,y r~i' . ,M a "y W. ~ :a i,. f. _iJ" ~ ~`4 t1. "fi •Yi ~w{i
Otte of lcntbr`sj) TekA
d
al Fu
lienOn
STATEMENT Di' APPROPRIATI (N0 ANN EXPENDITURES AND ENCUMBRANCES
Yga'r ended September 30, 1978
Expenditures '
Expenditures and
Revised and encumbrances
appropriations c. curbtMes prior year
PARKS • RECREATION
Salaries and wages S 82,562 $ 75,019 i 77.816
` Supplies 6030 7,340 203223
Maintenance 1,600 3+319 2,738
Services 7;10 900 70,207 78,643
capital outlay 990 608 19174
25
Insurance..-~
-gj
PARKS • ATHLETICS
'`.Salaries and wages 34,691 3a 931
11,757 4,995
SuWie
nance s 1FO 430 •
t' erv~'..
ces 34,258 43099 •
fti, 40Ft41 Outlay 1016085<<4:,, r 866
Insurance
Y: ` 0,421
82,W6
LIBRARY 1629486 143,789 117,508
Salaries and wages 1965 70709 9,645
Supplies 2,710 2,704 754
Maintenance 380726 36,209 27,198
Services MOOD 27,019 19,034
Capital outlay
Insurance ~ 844 1 71 ].L4 0
"OT 218!501 T79359
AIRPORT 153 209 12
Supplies 19950 4,426 2,173
Maintenance
Services 10,250 99E38 51150
16 230
Sundry
capital outlay 7,500 6'009 34,941.
Insurance LI
Z054 --44o275
y 777777
Y'r
k W 4~1 Ili;Otf Tpo
r,~>te4'1, Fund9 '
$TATEKIT OF'APPROPAIATIONS KID EXPENDITURES 1440 ENCUMBRANCES
(CONTINUED);
Year ended September 30, 1978
Expenditures
Expenditures and
Revised and encumbrances
appro2d tions encumbrances prior year
NONDEPARTMENTAL
EXPENDITURES 5': r t, i r ,,,City-county health r.;
..unit services S 579504 S 63,513 S 67,064
1-::,Community agencies 15,750x. , 17,935 „10,232
',State grants
w Bad debts and miscel- :;tlpfieous 4.500 22,326 47,461
Contribution to
tourist and visitors)
. center lEs , p~. 56.430 53,997 i,,r ':-i, e,.ohLw6,485
flow Hospital 2100 500<l i( _2510,55000
f 344,6(,a1 368,272
4I,f:~ ""r8~5r~c zwa ~•I~~
a8 3 70141,181)at,l $ 7098455 'y61j,l3 4r,1414j'W1
narla',^r~zri
loll ,'ii V i, ;LE ciW'"W 2's~6'vY lit 6 z9UIr
weffgau?
GcC ACI~,`~ (ilt,S ~:,n:,h!ain'tr;P".
8''t,CS E'OS.ii~ 3at,wE: zs'alv~sac
~r.~l,ur ~•t~i,~5 cI~U,ES •tr;r~l,r, fr,?fyc:)
CCeZ i urrTS
Ti
C
i1U5
G'f'„ t t,7nt,f a1h f'
L
(,Ili. G s~[r"<E' EJC S, C.I( 2~_, e'7yC
~C i ~~,12iu1C
<;tlryt~,i.~ i[iOG,: ((r1Gs?r,C ~c;far~~, fr. j[iF;~
Ci L7C I C47s E l~C~I. I Jail l~f Ch7
Or
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f
(THIS PAGE LEFT BLANK INTENTIONALLY(
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~~`{3~„~~1 ~ ~sUtt~1'47 Ii3ti'!&i9Cl r.
s~f71('tdGl( t~ac;
SC°st'
~:[1iiJl14.i7iGiU a9:yfldr°Ft"~^1U"i(1~
i 7~ V 4 I,,
~[I rif,fS 2
x.'-XL'~P1 L~tnt^~
l
,1 1 Q
t,
~rl ~~n31bf2 ?ll~~ ~U ""'7br7 Ib f(.'~(+`(i ~L r~r~F _riiCjf1 Cjr"v"fgr!G:17b qHT
AQ1,
9."J, s~ti~f.. ~ ° ~,.r1 r /1~ 7 t''; r~'1~!'~ .f1 n1 v" M~ 7{' '=~rif~'.✓..y .G ~ r'~~ it bk ~.'u, ~ v 1~w1~'C.~✓,~~. •p".
City of Oentonf Texas
Special Revenue Funds
BALANCE SHEETS
September 30, 1978
Total
ASSETS Memo
Cash $ 55,646
Equity In pooled cash (Note C) 29140
Due frtm other funds
Grants and entitlements roceivrfle (Note A) 129,295
$ 221,461
,mmma....
LIA8ILITIES, RESERVES AND
FUND BALANCE
Accounts payable $ 1,112
Due to other funds 164,619
Deferred revenue
total liabilities 173084
Encumbrances outstanding 5,832
Fund balince 48,241
227,461
The accompanying notes are an integral part of this statement.
jE
A16.
7,71 .Wt:uv
C1 r i
k Ki'- :f'Y
rt
Community Federal Miscellaneous
Development Revenue Special
Block Grant Sharing Revenue Funds
$ • S 379011 $ 189635
2,140
10,010 14,842 15,538
1292295 +
$ 12,140 S 1819148 5 34.,173,+.
I C!
..31 7• 1~1 '1f1 r ~'Y LI f(r,1fJ'!, I'
r 1ln.r;1°i
S.. 117 S - $ 164,506 113
V& 61913
~yry r r
~ 1G4,SU6 iTf/NCO
t =5,034 uV ;.802,r,
~'~1 , I f f 7(!~ I c~r1Li
L6A 03
OF 1_4'12,140 'c'~I r) 1 S 181,148 $ ' 41173 f t,A)
ciE.GAc
~f~, ~r°~ f!Q311a(1 UI 1
go"
Ir?. ii fl tt~
(~l}if {,iC E~~1Cir ~iil, 117 f'f Ql~~:a l4 {1~fiifl :+i?
t. 50
P
tJ1 1 fJ f.i f.;~ir: j,
f
• G C~^~~t O~' ~ _t r~. .~n,J ~ily, St. J£9./x£,11'.10
Y i.< 1 1 4 f ' h ''t l:, crlt C:; 1, Q f 'R, 111`11
A:21.
w 4s 1'.. w '.''~y~n ~'.`Yhr w; u. , ~t.,, xr'n } r~, 7r :f L rt '":":t1.~:,; ~ r ri~y~
Speaiof Denton, Texas
al Revenue Funds
STATEMENTS OF CHANGES IN FUND BALANCE.
Year ended September 10, 1978
Ccmmunity
TotalLDevelopment
Memo ,F Block r3rant
Balance at October It 1977 $ 61,091 $ -
Additions 134,762 :,1349762
State a4 Federal grants
Contribution. from municipal
utilities 15,538 -
Contributibn'frdm civic 4$53 -
organizattgns 1,901
McKenna Trust distribution 13,761 -
Library fines and memorials
Rental fees - Civil Defense 11509
airplane 4,110 -
Defensive driving course fees 520,914
Federal revenue distribution
842
1ntei^est'-UcGne'. 14
Eli tt2,:ai 111,b9b~
v~ J
d f W6~Fl*I
Deductions 25,468 225,468
SalariesN'Ahd wags; 1,182 69
Supplies
Main tenanta,l'~ St U+ - -
Services 180339 M.,__180290
Capital ac►tley ' 181 16,056 (~LI.;[41130
Transfer to General Fund 545,315
9r3dt'trqP to Denton ~'.~"'~~x, ,~J,..•::_„_
Housing'Autfority $6,805 86,6U5
Transfer to Airport Improvement 26,798
urant Fund -
Ad3ustme4it to prior year (2,285)
encumbrances -
Civil Defense airplane expenses 10418
0418 -
M
Defensive driving course expenses 3*946
Donation to Emily Fowler Foundation
7 600 MR-
Balance at September 309 1978 $ 48,245 S -
The accompanying notes are an integral part of this statement.
Atte
. l i4 to iPlr•"'. u Y y
d .4 Yy{ a a"a n N: 1 ryrM1 r y..,, pf, r : Y 3 `f`: Tf~ 7
S ~yy :i
C y .,y{ LL e
5 r', >e r leyy, X9~ t~illJ ~~~~t ~J t?.'
G
Federal Miscellaneous
Revenue Special
Sharing ievenue Funds
$ 501747 $ 16,344
15,Sa8 .
4,353 t
11907 .
13761
11509 1. `i 4!110 Sf tl.rtl t.~ rio
520,914 -
14,042
K _ 14-13$
1113
49
33 11,893
545316 -
-
269796
(20285) 19418
3o946
16,642 ; 31,603
t
1A,)9
q, ,y 4~ P x•,, •s r^
~ • h y, Fn,Y A' f~Y 7 Kr , d Y a.'j,'lS,r { y jP J i r {n.p I _L. f..+1.} ~ , _City of Denton, Texas
Special Revenue Funds
DETAIL OF MISCELLANEOUS SPECIAL REVENUE FUNDS BALANCE
Year ended September 30, 1978
Lions Club Park Project $ 407
McKenna Park Fund 9,350
Emily Fowler Library Fund 5
Clyde Wright Memorial Fund 352
Civil Defense Airplane Fund 82b
Cafensive Driving Course Fund 125NTSU Student Recreation Fund 10
Denton Tennis Fund
10
Denton Garden Council Fund 10
Denton insurance Agents Crine Fund 45-
Bicentennial Organization Fund B
Senior Citizens Activity Fund
R.E.D. Board Fund 155,538
9538
S 2,812-
Hi-Noon Lions Club Fund
Y
319 jai,
. i
*30
r %•Y
fi 4Ei ~Yi d oV'..~ YtgqL•i~Tex&s
Fe eX4lsr eymet Sh4rin9 Fund
STATEMENT OF REVENUES AND TRANSFERS,
EXPENDITURES AND ENCUMBRANCES
For Year2tnded September 30, 1978
Budget
1978 Actual
R.YENUES
Federal revenue distribution S 620,914 $1201914
Interest income - 14 842
.
535,79
EXPENDITURES
Capital outlay 33
Transfer to General Fund 45,315 545,315
Transfer to Airport,,Improvement w;I
(rant Fund - 2098
AdJustmen; - Prior ;Year j
Encumbrance - 2 285
~4~; 313
iXC:SS (DEFICIT) OF
REVC.4QES AND TRANSFERS
OVER r%XCUMBfRANCES TURES AND $ 24 401 $ 34 105)
.jl''-`i..i%?2t11f ~tl ~'Itr {;I~!3~;ti fit, 516 C°_:'>. t,skf'(fiGp"l0aaf; 9ffS
A131
_a
x yy
7 .''~x P a,
0xSTOt9lefr0D AWAPTexas
jGift il(kbtgeAiW,Fund
BALANCE SHEET;'
September 30, 1978 and 1977
ASSETS
1978 1977
Cash S - $ 166;5C}i
i,Mw 'ddposits and4ccrued Anverrsc 3 ,409 1016' '
$ 32,409 S 167,517
41ABILITY AND FUND BALANCE
OugE,to General Fund $ VoS41'1;
FuM Balance " '4.B¢g f6 517
pct ti rrE $ 32,409 $ 167,517
..._e... M
YTT!: vyrC 1 1'GJ19 y J.:~r...
I
The accompanying notes are an integral part of this statement,
A~~2 r
n r.~] w I•.K n h J 'nd•1. ,y 'Vi. 4 v
i R; ,V v 31 Y `tii pa t .lip .i Ilk w
i'
City',.aff O.ento4lofl Texas t
Generalt.Deht Service( F~ Ao
STATEMENT OF REVENUES,EXPENDITURES,
TRANSFERS AND FUND BALANCE
Years ended September 30, 19 8 and 1911
Revenup s
Bud,eted portion of taxes rollected $ 11257,432 S 851;911
Interest earned on investments 21,126 25,27A'
Transfer from•revpnus sharing ' 15 0
Expenditures ~'f:E f , ter rF,
Bank note principal pay ,ants 39342 ,
Bonds retired 655,000 561,000
Interest paid 6990088 5030411
1
9
117
paying a ent fees
MW207 MOM!
Transfer of prior year's accumulated.
interist income and tax collections 'J)0-,JAB GVV~ OVA
An excess of requirements to General
+ s ,Fgnd ^ I ~K3~19) r!L;L,,9rsi r~oF t~
S,' W'J
EXCES { S
'EFL LT} OF REVENUZ -0'VER
EXPF TQPtES s+ 3aS~.r• i~,ns1i1~1~
AFTER TRANSFER {18644 (~52~9 i E
~r~, r ~,a t4~ r d~~6Cud bnF;~
Fund balanti ✓St beginning of yea 167,617 _ ~ 8 4
4,368 $ 167,517
Fund balance at
end of year
Ivlp,,)tnf fit 416 2')JOr, t?nftff,~~nf~~,b'~f~7
i
The accompany!ng notes are an integral part of this statement.
A633
4;.
` N r. „;C4 ,'5+ f` tr t .tv 2 .'w gk~tt ,.T ^n,, `Z y xQ ~.++CapItei Projt tV Fund
City: of Dentarr9 Tetras' ~3
i ~
EALANCE SHEETS' -
September 30, 1978
Parks and Airport
Total Recreation Improvement
ASSETS _ Memo Bond Fund Grant Fund
S 403,831 $ 102,041: S'
cash( : V'1' ;
Tiwddpo'sits and accrued interest „•154,018: .37►010
Oue ft&6 dtber funds..c- 6219231 98,491 26,798
Grant reimbursements receivable 270,097 - 119,U%2
Street assessments receivable, less
allowance for uncollectible
accounts of $92,531 123,973- .
2,513,150 5 237,54? 3 145,870
LIABILITIES, RESERVES 4 Iu
AND FUND $ALANCE 2ftit~~`s fl:) w.r.S }tir, rartr,~tit °?r r
{5°r3rry~ Oj 23 n:{r,~•r~~:pg~i 90 D@tiCit:p43.ti1on inWi d-cash (Note C) S 139,792 S - W$139 901
Accounts Payable " 261,565 112,168 4.778
Due to other funds 699 82 2,562
TOt41 liabilities 114,7W 144,570
Enc ran m outsta7dWo '41-48 `O 121,777 1,300
IMP. 5~4 ('Aart~j) i~~~?1~'S~~l Sl3TsA
Fund balance 1,194,525 1 035
~~,~'f~a5 ~YC~L~~_._.. 'IE!31iLt ~_iJ9ir fE'j;i'!!, fjaf'`t6•!'s :r~wr..
2,573,150 x°,7,542 S 145,870
CEcrCd( ~''~C'r~ i 'Ssgv+C, brEy Jb ~..nhf r"
The accompanying notes are an integral part of this statement.
a#r, 'to J•,r,q CVrc~tni nt'.
A;14
#
r_
r- kr ,y. 1 jh>K k e ~,,,r1
777-777,77e,-,5 T
k Construction Williams
Parks end Street Community N1SU Street Square
Development Improvement Development Special Assessment Improvement
Grant Fund Bond Fund Grant Fund Pro acts Fund Fund Fund
.7
c,
S 61,180 $ 81,698 $ 30,439 $ 26,281 $ 250191 ; 77,001
837,372 - - 279,036 462,071
151l025
123,913
a 2120205 S 1,3819741 $ 309439 26,281 3 462,071 $ 77,001
2s991j2
r.. 1.. v~,'r `t ~'J!•5 k: "k !7 bf) G261 `fuQ
}.)i7r, r{n{b~{11~
Cups
t z:~zrk;rgre euaynaf {s~ziH
~V4'kYte 3 ~,t
S BECk.S{s - Gr`s130~98~tUnk ~S~t2L;U{i-C1n9G U3
2y,158 66,895~.~ 39301 ,
.z .1 1 3 20 1~" ,9 n 24'; T 842 - 463t~671 16'284.
~ mow
3,041 186,154 4:~.,~ k < <2;296 31"M
58,786 1,111405 „(4 _T00 27.799
$ 212,205 ; 1,3811741 $ 30,439 $ 26,281 $ 462,071 S 77,001
j!'t': 'sf'{r 7Ii? iZy .";j ni Ilf: 8'ro3 +~J~7 +flt~lbf}r'JJ$ O
. ~rAr3s _ ,
r. rr+
r City,of Denton, Texas
Capital Projects Funds
STATE14ENTS OF CHANGES IN FUND BALANCE
Year ended September 30. 1418
Parks and Airport
t 'total Recreation Improvement
demo Bond. Fund Grant Fund
$ 2,504,597 $ 773,770 5.
Balance at October 1, 1977
A44it`ions 125,000 -
Proceeds from Certificates of Obligation 1209574 309600
Interest and miscellaneous 26,798 269798
Transfer from Revenue Sharing fund 19,738 -
Transfer from Street Assessment Fund 887 926 736 875
Grant revenue s'.i 63,6 3
, 0,0 30,ouv
Deductions
Streets, curbs and g'utter& 4529260 215,636
Purchase of land ano ri,nt-of-tray 374,981
Building, land improvements and 1,5969292 8031335 488,031
equipment 14,842 -
M~scbllaneous expenses
Transf to Str'eat. fmprpYe, At Bond Find _ 219,738 -
njre to bentdn:Haus ng Authgrf3y 32
~tF,r,>>r4 OcSO.E
BaifMOP at September_30, 1918 _ $ 1,194,525 1l5 tc
2
~ Tf0 SSA
!
The accompanying notes are an Integral part of this statement.
~J r e.~F{' 1 r~, .1! n .1'r' 1 erf. Y~ ♦ ,~c 1 d°.y. t•J. Rd Aa`~
t.
1 ,
z~x~T rwoSi ;u `ti,
Construction Williams
Parks and Street Contnunity NTSU Street ;,f :is4uari
Development Improvement Development Special Assessment' GnproVement
Grant Fund _Band Fund` Block Grant Projects Fund_ l:uhd %_,`Fund
$ 160,666 $ 1,518,149 $ - $ 529013 $ - S
r
j l} ? 1. 7
rlr3l"~u125,000
67,099 - 2,512 191136 630
19,738 - -
101 879 - 49 l7 " r ~,rrg:
29512 9973 125,630
8r 8¢~~371 491
t (152j260,, ON
SGT 40/120 j•...~7 i~;nN+"na
b~J y59 10000 2,330 i 4' ~f r.~,,~ tJ~ : , btu a1't a y ~t x;rn$ X7,831
rrF z 1~ 842 bP~17~ rii^1;fF,'jr~`ti ht'y1~`!i~ r~iU'fl !3UQ r
3 Gn(..?Ft'fy6lldO r~Ut69tr .2 Gas
Q i 7T9 59,22 fJ
~ftu, nR, t.f .Ia!'K3 .+c nfi(i ~ur~ ~v,
$ 1186 S l,ll{ d05r S ;rs.~j4 1b0)'ti t, 3 r zirr. +k $427799
i} 1t~11}s.r:fi ,r ,~r7T.,, wr!, ya7ar~~ L .ia
,
, ,t f,r 11,1'f^Es 1~ ,I~ ~
Lk'T'it~s~~ 1CJw iF. 1C'7(?fJnf bi! O)b
ljf f f, l) c,rr(~ ~l <.~.IGf) lr'E:i %,FJ: ti;u1if
G";ci r~~;; E'ifelfia <:1~~,f'Y .ELF{ uJf!E 5r's>,.1
n+:~'t~j.!~~?~.j?ztT~ bra r, r7~tJ~~ubp•i,~ ~~fuiq >F-i1~~f3
ilf,)I~F.tJ'_'~`iCl~lt tFi?G1~)~91'':~Jf7 ?~~1) Z~tst171~~~
r~[+'~.f 1 ~'L.i~r,+'ili,i~4 }t}liJfaf~Sf1'1fPflrs ~:{[lb
Cra t, (3G1,'~q ~~i,~fj:y L~3 1~'S C~1 1v1,~7r~1 41
zrt~xrtq nt riot):iii-ileYoD
?:11Yr,:1,' J';~~'.~ .„~t~'G=f,S(EY1 N! ?~'3~;Ti?3V;11
i SF T,~~, r~t.> 2 G F,r,x r1: A,)1
lh'Uf't91iY 2t(IS '10 1lftg [ti'%A)(ll (I r'i6 ?gjU1 T,ihI nkq^io :,F, r,,jI
i
1177
1Q : t t7 ' S o i r rr yf1
City of Nri on, Texas
Electric System Fund
BALANCE SHEET
September 30, 1978 and 1977
ASSETS 1978 1.917
curiCent Assets
OFerating Fund _ $ 114289342 $
ty in peeled cash (Note C~ 5,047,226
Time deposits tnd accrued interest
Accounts receivahle (less.4llowanc+a
of $435,852 - 018; 5321,812 - 1971 3,897,623 3,341,985
for uncollectible accounts) (Note A) 13,349 79,301
Due from other funds 973,485 111409585
C;' ;,,An,tentory of. fuel (Note A) 470379 37,856
Prepaid eApenses 418,821
Deferred cost on Lone Star Gas
retroactive rate adjustment (Note F)
Rebate receivable from Lone Star Gas
S eY i C I i + / 11'40! 9404
tSi(Note F
RESTRICTED ASSETS 4311 5;',:
Pledged Revenue Fund cash (Note 0)
` GS
Revenue Bond Debt ServiceJupd?(Nate D) - 1,232,251
Cash rp-24,1w1b
;E8,Zlrime deposits and accrued interest 3109134 :t.
Due from Electric Og4ratin9 Fund 5 ,at
Retirement EuW(Note 0) rlr a;J ;
U. S. treasur~+ obligations and 431i
. F--
'~E8 accrued iD~f 21 t
k`e"Genue Bond-Conttrgction Fund 236,8 81,809
Cash 211,6~1~E,t cQZ+Z3
qimg deposits and accr49g; ptgrest _
egg
~ rve and Contingency Funds (Note D) 1194,487
e
eCash v 1,92"s,835
edeposits Bosand accrued Tinterest
U. S. Treasury obligations and 2,673,493 •
accrued interest - at cost
System extension and improvement - 4 5 17
Equity in pooled cash (Notes C and D) -T;gM, ~
UTILITY Land and land Nrights RVICE (Note A) 291,329 291.1.29
Electric plant production and disti-ibution
facilities (less accumulated depreciation
and amortization of $19,044,539 - 1978; 511,6619110 - 1917) 250883,855 2501569730
.
Construction in process 7
~
INVESTMENT IN MTRAGOVERNMENTAL SERVICE 74 747
FUNDS At COST $ 41,430 2419 $ 41~ 5 ,13
The accompanying notes are an integral Part of this statement.
7GX~ii ,°1'?fn9~ YG L?~~
bnul n,02X2 3HID913
LIABILITIES AND SYSV' hQUITY .r 1917
CURRENT LIABILITIES (payable from Operating
Fund)
Deficit position in pooled cash (Note C) $ $ 3+611,043
Accounts payable - 1,533,599 1,221,438
Accrued payroll and vacation pay 125,807 16.321
Due to restricted and other funds 2579P67 x',768
Customers' deposits 232,489, 191+212
lccrued Lone Star Gas payment
retroactive rate ad3ustment (Note F) 478,821
ayable to cu'stotners (Note F) 1.205.671
Rebate, p
2,149,362
,
LIABILITY' SAYABLEfOhl`iStRICTED ASSETS
Re` enuQ',$ond Debt Se vicf~ fund
eve6L46'bonds paYapl6 Within one year z;: r,~~ 44,000
trek interest `~604+443 ~r 'PI *835
Re~~~►u and constF~' Fund 1122~'"~
ACop; s payable',.,°' T 2 r uz M'Q c,t A 19,566
t, z.=1fiYr° t r4 66
o other fun ~ °
~~I,USI Y=t'd,i~S2 43asb ,J
Revenue bonds, pyable exclusive of
p~ u i ~i s'dlie w3 ~1a Rn year hc, / 16,902,000
Borl .2' 0 n~ - Ser et 1g7 -
ifs! o,~L o 7 *11, tic) t36 v 00C.
SYS-r9W,E~WTY L£I, s s, ~:^w}any ~y~#tt+GG
Re vss,, ~z ~lA' 32
!~1186ue bond h oncies 29573049f""" 2' x7
o'sY~ to exte n rd,i provement - 4,L
Un aWil d incation of
utility plant in service (Note A) i-r,rrJ ~,.%Ogjij 6~ 59,'v 21019,909
cont,rip.6tions in all.,, construction •`a.7ni ~.,:f,t,.; , ~ 7161,203
Retained-earningsT~~S o 77
2Z9.tY9 ~L)'!-'E'lk{1GtIC
} ~~f[f_ C f{fit Phi 50OV) t!t101 lognir) 01 ")Urtwgn
COMMITMENTS AND CONTINGENCIES (Note E) -
,'.f C rry [rnW r,
.)r,~~n;~ir.~w at~±± 10 ~r~,gA.39~'axnt nz ~.r[. zt+Jon tnf~~ia~r~,:,ab sr'T
pis ,
e; A .i}5 w '.'1', • Xh I '~'°'.lrA nd 1,~~vl if tr ~ 4(. .m NT.' fr i n..l F-.i'''.y<'a}v~°.?~'t •7~.;~',~1;~4~
t' 6"f Denton,' ~"as
Electric System Fund
SIVEMENT OF OPWTIONS
Years-ended-September 30, 1978 and 1071
1976 19
•
Inch
Electricity sales (Notes A and D) S 1111519409 S 16,202§Customers
Intragovernmentat 80451,841 7588696
465 65
Resale power income ►
Other 32 153 86 450'
7
Expenses
Salaries and wages ,149,81 1,05 ,5 i_
Fuel I,d8g, 31 j , : },26~j
O3,
p Purchased power
3 4
tuoplies 143,OSO, ,9 17t
$iaintenance 217 ~QQ}, 18 l ~4
Insurance iS6;6~$$6pp,i~; , - 1
Administrati~~1 3rvices 215,100'" "'rr'c23,
ate, . e Noes r,3 128,694 1,20,126
Sad,debts
Sundry 3 7 4 44
'G ~Yic~flX$ _ ~j,)rr~~,kq aUh07 91.t't~VFr~
0 t,!
O{ l4 'ir -Dine before i h g
~1~4y~, t ilA r t
t' on6 ~8~,
f
6
i1SiOc eiclation 094 (16050
Operating income 39956,134 3M4, 3A, J,.2ya
v` waw
tnnserest In,oTL'~f'r.
S ]~l dlilJ -.-2. , 11`
8W interest and fees ;L, , y ,
GQC'ICID,`,; r ~ !fi5 ,y~~~Sl ~;a'r~ ri ^trit <~<<<J4
!di NeV6 elbefom transfer r rs.~r7t' r' ~
rwdinary income 194A 3 ~b an,
iPFbi8aCbflonary "6&AfeerE'4f excess
823 8 1
revenue to General Fund (Note 8) (12012
Net income before extra-
ordinary income 2,186,824 215389308 '
J T
~I'A `If'kt•St I*1W
_.'Extraordinary income-`gain on
SFr p4dypncl ref000i0g"(00tCD) 8.40,268
N E INCOME it T fTfC ME $ 3,011,092 $ 2,''x38,308
The accompanying notes are un integrpl/ part 0' this statement.
A_40
- ~7
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City of Oenton, Texas
Electhtc system Fund
STATEMENT OF CHAA%GES IN SYSTEM EQUITY
Years ended September 30, 1978 and 1977
Reserves
evenue Extension
bond contin eq ncies an_d~ improvement
---1978- `978 19-
Balamce at beginning
of year $ 291189322 $ 199589789 $ 4,615,177 S 29885,447
Additions
Transfers from
Operating Fund (Note o) 2,573,493 149,533 1,288,628 2,213,534
Contributions by
customers - - "
Net income - "
Transfer from
reserve for
extension and
improvement for
additions to
utility plant
In service (Note 0) - " '
Transfers from restricted
assets as result of
refunding bond;
(Note 0) 3; T; TW 2,213,53
oeduCtions ,
Transfer to retained
earnings as result of
refunding bonds
(Note D) 2,118.322 - 50511,538 .
Reduction equal to
extension and
improvements made
during the year
from current
revenues (trans-
fer to retained
earnings) - - 386,261 4831804
Mortization of
'00oalized incre-
meet 'kNote A) - - -
Transfer to reserve
fir extension and
improvempi!t - - "
Transfer tc;,reserve
fo;- revenue bond
contingencies' - ' -
Balance at end of year S $ = S ~ $
The accompanying nntes are an integral part of this statement.
A42
,j;.x rt :~Y.e=i, 4''r i(~~f,a T r,. 13,i ,..1! F i'i i
Contributions
Unrg@alized increment in aid
k irk'valuation of construction Rg ained earnings
1-'_" 19 1 1918 19-77 9
<a
20019,904 $ 2,303,069 S 161,203 $ 124,944 $ 1,96§;784, 1;1061735
S
89580 36,259. l~538 30$
1 ~p
- 'ipJtiT: ni 5,~.u,~,BG¢tt~41'ta Jlt~~tltt~~3,~804
~t~C1t'a~ ClCill~ ipJ~
bns rti~a?var.uq ma~'r znbt~udt•i~r:b3
r ~ z7ygnE9vob
ter 2?^2Z5b!.~:r'~~1c~'I n~ ~2BEa1a5'~
;-~v~3 ~ic;rY,Eq z~?tlttf'rnr.t(y ~u
r.. ° i'i:1Z2fJ }.iy1~fltl9"I
1, r lhj t 1. '
f~:~ir~c. t!+~iJ7o~r ~a ~:~oi1c.~sfgq~•.
,TTIw4 -PI)l ?o nrJrS JUt sr
tb .tern t,~za~ 'o t,l7Izr! ni ~zr.°rs~nI
(IA3,ON..._ ,c'.~ jc' ~ninn'rp~,f ~F (Ji,t3sb} E~irn6~ pntr~a~'
16`)1: 3(t tr.~lSJ tb 911} EbfigL pfliA-IO1W
1 ~ , , t7
IvIlISS'o628 2,213,534
513 4 3 14 633
~ r +
err.-
"t 63,067
' A.43
'S;5 trk`^','.4J '''J La' 2A }r.{° tT r^ rvX .777, ~l``w.'1bs71 4,r r•~,~: `n e,~W
City of Denton, Texas
Electric System Fund
STATEMENT OF CHANGES IN FINANCIAL POSITION
Years ended September 30, 1978 and 1977
1918 - , t91
.So6kes of working capital
From operations
Net.income before
,extraordinary item $ 2,1839824 $ 2, 38,308
Charge not requiring
working capital
Depreciation 1109,44 211 1,G5O,6O3
Working capital provided,.
from o eRt,i ns befor2
ei~traord 5ry`i't 3,281,035 3,5.389511
working capital provided
from Zxtraordinary item 890,268 -
Working capital provided
from operations 4,111,303 ;;588,911
vc'~Re4iyment of Cf Vd&ent in Motor
boot fund - 1249549,
Coin+ ributions fram customers and 8,580 369259
dibelopers i _ r
N 1 ;'ease , j terns d bt.due r.._ w.._ . .
~`i' fi funeifiq 0 bb-i1Js 290429602 -
Decrease in restricted assets net
of liabilities payable from 46 8 2
restricted assets
Applications of working capital
Additions to utility plain: in service 546,785 924s683
Reduction of long-teen debt -
Increase In restricted assets net of
liabilities payable from restricted
assets 1,521,200,00
3489
INCREASE IN WORKING CAPITAL 10,104,152 259,836
Working capital (deficit) at beginning of year (447U10) S^ 0) 646
Working capital (deficit) at end of year $ 99251,542 $ 1841,210)
~~~~.carrr,t z.< P..___
1Q~iv4a 31~r~r4',' E ~j a !
f r .r y
~'~[,~3E1 c'~x'~}' 2a t£rt_. fdt A.~fs(w~~ui c,J,~t
r S •d
r
a 2•'M r f 3 T'. Y i ,'t a e ? x d♦ . r.'2, r r t 1 ' ` x y *e; tm
" d. .l t^-4„ v .'n ~
City 4txQentQn0Tex113 E1ectek System. fund. STATEMENT OF CHANGES'IN FINANCIAL POSITION (CONTINUED)
Years ended Septetnbor °30 • 1978 and 1911
19j8 1977
Changes in components of working
capital ,
Increase (decrease) in.cureent.
assets
r' ,4quity in pooled cash ft;~:7<. .7
'and invesbQnt3: S 6,415,568 $
r r r: sr+:,~
Accounts r.iceivabl a 555 X638 ; r `1'' - -,878,670
..Inventory of fuel (167,1Q0) 784+351
_.:,+Prepaid expenses. + 9,523! 24038
Due from other funds (65,958),,ro tr-- 41;208
1~ , 08ferred Cott ohiLone Star , r,~ t
t : ,t9~ Gas retroadtivO rate ad-o?)r
Jusbnent and deficiency. z;ۥri r+.a r~of~~~'~a,~
payment ~,rtr7 , ()C J, o 11 (478,821)4'nu,a:f~(7551241)
S~ 1, Re.iiate recel0ble from Lone'.)(,, t f,s
~ <t7'k'`5tar Gas m,,i; t,ta.tr 08 16 zr.a,n6f308 5!6
000.~ n0.1 u01zroo tlt 0r, I t*
- ~4~~,1.OCG,C fGl~Sf~r;~ qe~~z ~G nrG2
~thEl~~} decrld$9~f~";Ei~rrentr~l';~;t, f,s
t~ef 1CC0=:.
cit position in pooled
8 Q,SArc4sh (e.91 6~1 8Se, t c 3 617,043 - (1,111492)
Accounts payable f306,1d1) 7,006
Accrued payroll and vacation os
pay (19,4pb0)
ue to res ri t and other z?zd If, t"-re r
bj
'funds .s
! ,x t lz~Ifag1~8 428
v
Customers' dd~A its - 14
9~r) (27806
Rebate payable to ustomers 2050677 (205,,677
EC<,~A,~cryed ton~C;tfC;,Gjs payments 470 82t
INCREASE IM WORKING CAPITAL $ 10,1049752 $ 2599836
The -9.cconpanying notes are an integral part of this statement,
A-d3
v h; oq " 4 y, r
) r4 ti y.~ r f,, .k t CaY y I,t< F ~ *i.ii ~~l t r +eW11 A
yri M i )~,2~ :
City ot)OntonjoTdxas
Electric' System fund - r
STATEKNT OP'SUDGETED AND'ACTUAL REVENUE
Year ended September'30i1978.
Revi~1J Actual
_h.dget~ Actual orior_year
Customer sales-
residential 5 6,993,000 $ 6,5750245 b 51660,433
Customer sales- 11,556,000 100978,635, 101363,040
commercial 1709000 169,562 141,258
Penalties
;Dusk to-dawn rental 33,700 33 961 31,932
tfeei t .584,584
~Intragovernmental`sales 619►600 624,000
,StrOt and highway,, 197,0001-!, 183.847 574,011
lighting 451465 bb0,565
Resale power income 27,000
Collection on charged 110,000 1,002 51199
{:t,:"pff`~ecco~nts'i`-<;,,~\;~;' 1,000x,'. ~ ~r~844 pj~~r1,352
Reconnection fees
6M1;6l1aneous ( l ` ) 11,878 25,447 ~t? 75149i
•1, 3,517 21908
'
~ 8$8G
al i construction 2; 114
' of scrap material ..,.,,t0 0
Sale o
Interest ._._r~gm
fir;: U`) { rt. ' ttG' ,
(SEc.,lMJ,Jl $ 19,928,178 18,969,305 x.17,942,976
1aent to f
(Gm H ercial bAsi~s i13 {82'~1'~r,~ ~+J~23n4,703)
(J +
~1 eres t re u
n
1n conj rot. fICUL ~ a+, I1. t1 U~ ,.~;c. C~ 1 fiCj c; (M),Dai E" ;r c . .f 1~ 641 414' ~ ll'681273
it~.r2C _
I
~Il,f ...~~~r -'~[It 1:;'}'I F,C: ~"fit+.'.I .lf .e ~r?!11l'f~i (,+CftY{1 FiC~{?lL'7:}:1b ~JIt+
A-46
i ty: afiberlt'dmy~ETEkas r ?
EleotriC1 SY'rs.)o*' Fund ;s a ,
STATEMENT OF APPROPRIATIGNS'AND EXPENDITURES,"t'?
ENCUMBRANCES' AND TRANSFERS . ; ` ,1, 1
f
Year 'ended September 30j'078
Expenditures
Expenditures, and
Revised "encunbrances encumbrances
apnro rid atiow., and transfers prior near
ELECTRIC PRODUCTION
Salarios and wages $ 577,212 S 556,826 S,4_I.5069913
Supplies 1469041 1179735 nr, JZ129,630
Maintenance 121,789 95,675 'c 85+907
Fuel/Purchased power` 11',63i1624 r 1191799335 11,114;923
Services 349304 209177 1 °)•22,SQ7
Insurance 141,804 1359117 !"109091
Sundry
Capital outlay 29 594 6,482 x1.11 215
12,113,3 7~
?gin n0 r',~;ir;A
EL$CTRICeDISTRIBUTION
AF{CATERING
CtSe~~~'t'iel.and fist,` Y7~.,n~,2
'i a3e__ °630~94y 3~,.~E1si~628,7Q9 5429954
Supp ies 31 S , 22,073
a~ailifer fnde 1-11 449 ,319 12y~961
Services 28,184 33,914
4., Insurance 21,997 20,455 17,746
GT
Sundry 4,000 2013 21~A8 J11i' 101A'r,g1074A
Capital outlay 11146,600 213)1',
.
3JES,u`,I JhF'!B?J 1G:1Y '10~~~ `
PRO RATA FARE OF r o TVI>c~ AJ b- odl
141TY ADMINISTRA- ter, 'I't 0111t
"t10N gX0ENSE
LI )iI o
$al ri ds and
j)t%,w e 438,241 128,702 -:)-iul rbr111,798
6,869 6,980 co 15' 3145
Sapp lies Maintenance 3.515 4,307 t,nu 4,1sr2F'711
yn ncr
Ser res 212,781 1790959 n•,1~9j038
~ ( ro, I ) 16080 1027 3r*-7.1r9VD1036
In ur nce 762 1►114 -ir,a20,006,101U457 i
d; inti*o1^4 7
('Ca~fW outlay - 1.63E
r ,964 324,020 v,q ?
~s.r w:.,,.,.. GU s tJEr
r'
SAY°'*tlGP9'Y.e. ! '.G.)h4:RYu~-_
YA~i7
!
-TN
zw < L a 'j r c-r i~ r f r r !'1 w.vl mZ~'r v7,.-7 .~~'Cityo!~ S>gn!~QnY itexas
Electric ,stew Fund tXPENO STENCLM~=CESPANDpTIRANSFERSA(CONT NU£0}URES,:'
Year ended September, 330 1978
Expenditures
Expenditures, and
Revised eicumbrances encumbrances
aDprtigas ' and transfers orior year
NONDEPARTMENTAL , }
'r
EXPENDITURES
,16tditst and
redelnptlon 1,867,221
1492,115 10492,114
. requirements
Transfers to
GeAdral Fund
Administra-
r `a,tive , t 395,180 456,968
~e1Yic~es 535,040
Return on net
Investment 11012,823 1,012,8231 . t% iBPlk$,:` Bad debt expense 939800 1280694
ti~1',1.20,165
3 427
Sundry
~~e,SAc E~~C,asi «,4, f7~ti~tau2'
wo7 S~ QQI, IL
c,)e,csi ~~tc, :17,318,941 ~E; ,g~,16►616,245 ,4s 1166652038
lot EF., w 81 FS r 7 r f ;'PA Jr'J19Z
ADJUSIMSENTS TO r ;t,ntirZ
q~IALBASIS ~r~`~ts r;,,.F•C2 ~biluo 1rflr~E.~
~(Rpb'nces s IA i
168e486 128,866
.j
prior year
Transfers to bond paying r Y
(1,491,114)ii(. 7}
agents I .
1
Capitalized r ( 689,081] t" ~tr~z+}
~p~>;xpenditures jr asfer to
I eneral Fund - r'
8fc eturn on net c ~,ttl Irs,,st.
( 68}
823} .1 F,
bF,0~nvestment Qi t (1,012,
tEACUmbrances • GII,i,r;1~151t486}
r~.~. f'~!1......
urrent year
4MI tNY* pay accrual
$ 13,593,129 S 12,673,316
•AA
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r
(MIS PAGELEI'TBLANK INTENTIONALLY]
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+4<!5` t ?,r.CE,: .1tlE?'r.; v &:J bu br;6J
~ y
SW,E'f?II#l
JnO(I yJ MJU ^tw9?
rrr :`G~ a•, ; ,::i E'r<.~ 1C! 7tC}f~Irf;J yrr "y ~.~'((>i(i1 ~ . "A . 7 , e. f. 'S f , ~ ~i (t ~ ~ I - ll ~ ~ r ~ f n" r S.. C
t,....'k.to [..`r;~f 24C~~f'I I fry bit
iL" no ithi7
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'ADD ',A" F,111 ,'iV3tiVfWili VI TV,- !leoRlll
l
IA49
City of Denton, Texas
Mater and Sewer System Fund
BALANCE SHEET
September 30, 1978 and 1977
ASSETS 1977 1977
CURRENT ASSETS
Operating Fund $ 4,856 S 5,807
Miscellaneous accounts receivable
Due from restricted and other funds 457,350 166,433
Prepaid expenses and deposits 4,827 4 226
"Ab 33 176,466
RESTRICTED ASSETS
Revenue Bond Debt Service Fund (Note 0)
Cash 167,525 50,509
Time deposits and accrued interest' 589393 -
Due from Water and Sewer System
Operating Fund 163,325
Revenue Bond Construction Fund
Cash 750,246 578,189
Time deposits and accrued
interest 2559143 42,540
Revenue Bond Reserve Fund (Note D)
Cash 15,209 185,929
Time deposits and accrued 33
interest
T 07 __351 151
UTiI.ITY PLANT IN SERVICE (Note A) 373,527 223,896
Lind and land rights
Water utility plant (less accumulated
depreciation of $4,832,209 - 1978;
$4,499,312 - 1977) 890649641 8,2181201
Sewer utility plant (less accumulated
depreciation of $3,934,561 - 1)78;
=3,715,165 - 1977) 2,47"9453 21607,936
Water rights (less accumulated depre-
ciation of $125,032 - 1478;
$120,031 - 1977} 12!;,032 130,033
Construction in process 68!),,45Q, 496 3
= 71~~,103 11,676o359
'NVESTMENT IN 111;RAGOVERNMENTAL SERVICE
FUNDS - AT COST 10 75 108,976
$ 13,573,008 5 13012,951
The accompanying notes are an integral part of this statement.
r A.
,x v F r°.i7r ux ,
10 1 P, 0,
7M1~`,a i,lcii 3'~ Jt'll
..1
LIABILITIES AND SYSTEM EQUITY 1978 1977
CURRENT;LIABILITIES (payable from
Operating Fund)
Deficit position in pooled cash
(Note C) f 627,108 h;- ,5;;.727,021
Accounts payable 11,296~j 70110
Accrued payroll and.vacation pay 55,825 Y ; 4,1 t 49,208
Revenue bonds payable Within one i • .._2
year 202,908 irli(209,045
Ow to.restricted'and other funds 49,53,- 196 057
946 , 674
LIABILITIES PAYABLE FROM RESTRICTED r,rr. zst rr.f,=.,
ASSETS
,Revenue Bond Debt Service Fund F!!53rti a9
Revenue bonds payable withinone
year 16210V t, r~ n rt~~T145,955
,,.Accrued intereltt 111 63,826 610878
:Reno-due Bond ConftNtction Fund
f r !&ccounts pa~ab) , 1 51'9 c ~~r t;r a 20,371
t qd`,fo, other Wdirr~ld. Serer
12 S
yatem Funds 241,323
k
9"*C ri't 9t4o 3549449
CC f01~ t' E:€6, C r,:';:~fa tigsb
LONOf~R1~ BT (Not ;O),~c';~ (h o~ OV) nu~~~I:Fs',y 0
Revenue bonds payable -,exclusive
"6f,AturItias dui""thin one year 5"TK):608e6;000sg0 60230►000
SYSrfM ,EgilI'1 Y
Reserve for revenue bond contingencies 5511590 616,688
Coritr.i.bdtions from'raunidip'al or o0er br,n 7z~'r3~r,F br.(,8
government units 2,848,481 2,751,412
rd'dtributions in a;d:of(construction .t,t~rt- ? iolty`;427y40390 2,284,921
Retained earaings (amsulated deficit) 4 6
Ch'mii-o w 29un'1vv
COV0.1 T$,,AND CONTIX,4NC1E ;(Note E) - -
$ 13,573,008 ; 13,3121951
.31i_u 'ri1 {.r oiLlu J'It (r lull .tt,
'~•fl
77, 3 <<F r
1
city nf.`enton, texas
water and S'*ee System Fund
STATEMENT OF OPERATIONS
Years ended September 30, 1978 and 1977
1978 1977
Income (Notes A and 0)
Water sales
Customers S 21266,051 ' s 116149-167
Intrago4rnmental 851577 66706
Sewer service charges 1,183,189 8111747
"t", 361
,..Other 2 867 1{~ 504sai
3i4l8►
Expenses; 724;412 164933V
Salaries and wages 139,519 i36;~i38
Supplies :;260;161 264,995
Maintenance 419,450 : 341.,249
r, , tri r ;
Prover 252,625 ,clUX3
r,r~ ,a'AdministrattVe`fdrvices
Q? a Services r~St;,Cr~ 140,4~2tir~r_~ { t~i•114 3ca
Insurance
lCE,032 Bad debt andtsJndry expenses 23 3 cfrti.~'~; i,~Inr39 131
'frr~rl ~ ~rito TAT
i"FS,OS4 ~~6St;,ItrS ~'bn:;a rrz93x~,
~Pa, c 6peiftiit ~~ncome before
depreciation 1,499,384 8010077
]61 i,i^ l 01 f0.!
Depreciation (Note A) 1; iz►~E 'x(557 .jE)6 6 3 v:hr~ z~na r,f.~
0001OZS16 OP eft tiri0'',16come fr.y ~tc UAW,,~ ~~t7t~f25i,176
Interest income 739124 7 8
~r c5~:7ri'?E?n'tJnzi~ b,:,~~J~~ 'poi m',f'r323Fi
tst,e,niC 0~lc
Bond interest (yandp fees j:r, 'f r, 22 vb4~°, ~t~t !316'6 $
18J[~~ 1Ot4(w 11r'f1n¢.'rrv v7R
Net ttrkc:o to before transfer w. f l ~ o,i i i,1r.692f 908 n Of ()O to
~~~,rseretionarq~r~fbr of excess
revenues to General Fund (Note B) 180 )
NET INCOME $ 512,903 $ 5,945
The a,companyirg notes are an integral part of this statement.
AJI
r d y ♦ ~ c ° ~ r`r ` "tom'" t ' it "~7. `f~;'~
a
[THIS PAGE LEFF BLANK iNTENTIOALLY)
r !U3 'I Sri,1 i.
07 Z 13~2r1b f
:flwWp%01 * fO £v.i5 3,1
T.-~s"~ 10 brio If A~A.610i
,~4~•..t r~fb a, 114 ~t t14, r
~t~'~'{i:;3ts3i 2'rrii yt• 3'sF,q fG'~pofl[ rib 5'1 E, r51 rl ~ni~nhq=YG':lb ~arli
city of Denton, Texas
Water and Sewer System Fund
STATEMENT OF CHANGES IN SYSTEM EQUITY
Years ended September 30, 1978 and 1977
Reserve for revenue
bond o tin encies
1 977
Balance at beginning of year S 516,588 $ 4809018
Additions
Transfers from Operating Fund 35,002 36,570
Contributions by 'de'veldpers' and
others for water and sewer
system improvements - -
Contributions by cust^mers for water
and sewer taps and extensions - -
Federal grant receipts - -
Net income
35802 ` 6 9 573
Deductions
Transfers to reserve for revenue
W4 contingencies
n
Balance at end of year 5 651490 S 6169588
i'
Y
The accompanying nbtes are an integral part of this statement.
s
d
) ~rvAt> ,o. ~iY-d"":Ti'c^ r 3 "Yf` m PY♦ A. 'I k ti . i ^a ,r r'(~~'"1_r° T°Y J ~tii
Contributions
ulu cfpal and other
ov rumen al unit _ In978 canst_ric9 o twine ry rsgs
4wW..~.... • •Y- t ~71
$ 2,7519412 E 2,647,422 E 2,284,927 S 2,185,954 ¢ (12,86b),' 17,759
54,292 - -
88,184 989973
97,06% 103490
- - . r~ r l cam ~ r , , 5.945
10319S5 144 O7) 94'9,73:, i _1 i 3s,sr
- - -
VIO
S 2,8,481 E 2,7 294279403 $ 2,2641927? 465t440r3 ~$"(12,866)
V:) I
G~'.+?ef, ~i`9JJf'iy[t~'s Eli 'f2['S''Jflj
IKb ~0 blf) !E, (tiDt'I j ib f,5 P9 1010!
\,l
t
I
ASS!
IM Ur .P l
h N
T V,
z 1. ,ale f 'k ,t:. • 4 1rL Zi .a f d Nv
Y
City of Benton, Texas
Water and Sewer System Fund
STATEMENT OF CHANGES IN FINANCII`.L POSITION
Years ended September 30, 1978 and 1977
1978 1977
' S°oUrces 'of 'working capital
From operations
Net income $ 512,908 S 5,945
Chaegi'nbt requiring
working capital
Depreciation 65,1 36 546,301
Working .dpital prov!ded
from operations 1,070,144 552,246
Contributions from customers
and developers 1429476 989973
.grant receipts- 97;069; 103,990
} s'- Federal
r.`4 Decrease' ir.'restricted assets
net of,1461litieVoiji ble ttr, k a
from restricted assets 1820625 -
issuance of revenue bonds 500,000
Repayment of investment in
Motor Pool Fund - 4 791
'Ap'plicstiMilf workiK§-Vipital
(aa, -S AdoltiQn tA1jjt4ilityfp,14n ,S , ,u
in serv,=ca 6O;&
.:.Reductio'xaf"long-tei'RI°:debt`:: 365;000.:,._ 355;000.x,
Increase in restricted assets
net of liabilities payable
from restricted, assets 403,638
INCAME IN WORKING CAPITAL 532,334 131,135
Working capital (deficit) at beginning
of year (11011,976 143 110
Working capital (deficit) at end of year $ (4799641) $ (11011,975)
~em.r ~wrrs
1
.use
iM A~• $_j 2
d: - ty q. 7 a<fY„_ M .w •kf.r i i"~ d (,+jk a,,'Gft V'!
City o.f,,D~nx4A►~T,fl.~Ai
5idiar and SeWgr.SystAm.Fund
STATEMENT OF CHANGESAN FINANCIAL,POSIT,ION {CWTINUED)
Years gnded . Septoa►ber, 3Q,; .1478 And 1977
191$ 1977
Changes in components of working
capital
Increase (decrease) in current
assets 4 694
Accounts;recei,vabla S (951)
Due from restricted and
other funds 290,917 1 i.;01813
Prepaid expanses 60, r A93
(Intraase) Qe4rease in currents~~
liabilities
^.e4,
va„~it position in paoledt 991913,ft
fir, cash c , 93
Accounts payable (401$..6 ,u tizrea~ ns
~,r ` a 1 s Accrued ~}oyf'pl,l' and VACO.t1P0; (61617) (26,055)
Pay, .
Rpv one gnue year. bonds payable within
6 137. e~j cz ,
Due to.,gocnlunds r.;( }r;, X46 5 tr,13~
{arc fba19~?5
INCREA, titj WORKINQ; ~P,I~AL $ 5 2
;f!a~Sj nOt2t~ftJi„,
mama"
r,vi f;G t;4}ji s~ I fr.fi.lfikl'S~VC~6'ljft;
Y 'IBr+'~.
'fi'r,+- r,`~~~. ~}C(7<~t+rf'tfJ
'°t !i '7 - - 12wJ'551 064
{ x
11"aY:uivLuA
z'rzbd
+'Gfi:,IPtjVin)
The accompanying notes are an integral part of this statement.
n+V
« „ . r. a S e ° rJ: x x f , rXC rti`+'~ e
,r
77
f.
Oiof, D00 n, Tekai
Kater~ a'rtd.Se System FiMd
STATEMEN Of BUDGETEb AND'ACTUAL REVENUE
Year ended- Sept0ber' O'P` 1978",
Actual
Revised prior
budget -Actual eat
WATER
Customer sales -
4a
4^es'iiential S 1,200,000 S °1,230,076 931,982
Customer sales
cowercial 909,000 907oUS'f b34,582
.Penalties 501000 ;,M640 f ~ 47,604
Imitragovernmental 480000 70,798 56,b17
Tapping fees - water 409000 689871 489460
Sale of scrap material %000 10691 788
Miscellaneous income 13000 1,176'; t i. 5$72
Interest 73;124 670804 "I 1,
Wtd4 'for resale ` 17,000 14,779 ttt 10,085'
fAld in cpnstructio'n ; 10 000 23 56 1
21276,000 2 4.39,,8ao 1,9271,0
SEWER n(r`iPw ym JP: S,".aJ SLPItNO.
Vtdst r sales 4t
(d~ esSQeni;lai 656,000 , u'671,085 a* 91;0 4250036
~.'u'stoina+~ sale; =j, ins :commercial b 21000 580,593 364,516
~`app'Ing fees sewfer~~,~ "c :f, i0 °t~ 1~5(.~ X19, ~3~~~~~I 12,802
gg MOO I,414 14160
~fntragovernmental 81000 2,'!33 822 r.
Sewer fees - other cities 14,000 14jD6 91882
Sewer fees - industrial water 000 14 51,"+ , 21,¢5
$ 31616,000 516449066 21671,758
Adjustments to a mmercial
basis
Contributions in aid of
constm!ction 20688) 98,987031
Interest revenue
S 39478,254 $ 29504,981
~ •wrw,r_rn
dw c. 501 W
rte r~' is rtr,~1„e r
t, a t
C1.ty, of aentom '[exits; 7
waters and Sewrer_-Sys tem Fund
STATEME14T OF APPROPRI4TIONS ANO EXPENOITURFS-
ENCUMBRANCES AND TRANSFERS
Year ended September 30,_1918
Expenditures
Expenditures, and
Revised encumoranse3 encumbrances
appropriations and transfers _prior year
WATER PRODUCTION
Salaries and wages S 188001 S `179,20$,: tjr, r S ,'168,048
Supplies 96,842 92,158 ,;.9 AS1
Maintenance 18,442 19,104 rn-.18,415
Production power 224,000. 252,555 204!358
Services 68,485 66,880 61,949
Capital outlay 11,459 109435 11y337
9 944
•
Insurance
• :':r 17'275
WATER DISTRIBUTION C?~~9
AND METERING ;CiS4I'll 0A 'fIIj I. i
Salaries and ='.'rTn ,a`i?t3 t;ai l
wages 243x140 920,,3 442 t•ra, ~~';20499.
SSVpp~i1as ctb~r~' 2003033'1 ti3 , 4 .)np ,0 2 ,
~Ma1n ~nancrd !t~ 139,363 mt', ( 1,_28,849 ~O '1~ 8 ,
Services i 28,242 4 tS; t 117167 a2r7r
G.Surtdry ,c,+`t 243 o1~.~t} 66~~iv^,2
Capital outlay - 114400 !t 136,143 ~Z.3,147
Insurance 1 ,t,2 -2,445-6 ~,.19
CSC ~ 4 l l ~U~ E:G~.1
SEWAGE TREATMENT AND
DISPOSAL .Jhli',J#gq ~'~,?3~JN~:C
Salaries and 2:~~1II1^161gY
wages 2050742 193,987 r,x a ►,a 77y85 i
Supplies 35,112 32,121 te•1~10:36,379
Maintenance 37,295 36,Q43:~! 449211
F Production power r';> 167,274 e V%i 166,8895 136,891
Services 13,380 12164$., no 4,515
Capital outlay ;l,l 139978P-o-,It};; 11,847-~:rj ~qv,ir 8,395
Insurance 2882 2 $10 t,,r' 4L"' j42
hit mm0,1WP
9,) 660
~A659
4
a
j T prsr
t 'h_a~t e. I, f. , FM c< ' fib" ;tf
~R.
1`4ty:'o 0600K 'TeioV
Water, and Sewer "ysterrr' Fund '
STATEMENT OF APPMPRIATIONS AND EXPENDITURES
ENCUMBRANICCS, AND TRANSFERS (CONTINUED)
Year- ended September 10,i 1978'1
Expenditures, Expenditures-
and
Revised encumbrances encurrbranc4s
appropriations and transfers prior year
SEWAGE
iesEand~w.ges . S 20,x,508 E 175,949 r,a s
';•i80,824
Supplies 139189 0,667 12r776
Maintenance 82,25075,131 601933
SeMces 25,1Q0 12,55Q 17,991
Sunr> 4,500 3,621
gapitaI outlay 580950, k' 48,P95 r '27,250
E yy nsyrorse a 845r,t 3,974 ?:r,~'2 964
330,793 3029738
PRO RATA SNARE OF
UTILITYAokINISTRA-
TION CXPENDITURES bn+, ~ ;7{;fir
e%afffies and 5r 2', O f, r 1 S 29~}S. '
c p,y as 60,676 f OF, OS $60815 s) r +KJ a42
! ie5. .1 it 7081keti'(-i 817 ea„tr1c_iJ Q84
SF teriante skav\s 10 .15 SrStB 126,
r Starr 37
r ,Services 609710 C s 44,874 4-gS868
i fnsurence ell rb, 503 V r
447
()"6gtal outlay t e ;F y_. 700
747
1-26,099 103,128 89*436
NONDEPARTMENTA!
EXPENDITURES ~,;1 =risfs
%
f ~,2r fers to
~.fe~~~aral Fund, rsr,rc c;Crc" cStfacFrc ,
14,Awnistrativeea
rct=~' services 179,345252,6241,1152023
Return on nOt
t<' investment 7"", 1809404
180,000
1 terest and
'ekemptian rep V
4
quirement and
sundry 680,817 6189536 638,456
Bad debt expense 17 185 192_054 ~,39 131
E 9 910
3,221,463 5 3,1840565 $2,617,726
A-60
1
/ r R m Y 771
Gi ty; gt(O@W4 rLWs.
2b;1{at8ra°and ~t&er5 ste~ds1'1~t14.1 ~f.
STATEMENT OF APPROPRIATIO?I$' AND EXPEN9ITURES,
ENCUMBRANCES AND TRANSFERS ( CONTINI,,'q)
Year ended September 30, 1978
Expenditures
Expenditures, and
encumbrances encumbrances 1
and transfers Uei or ;year
ADJUSTMENTS To
. z.r-C0,174ERCIAL BASIS r.;+ n'r l r i
Encumbrances r 4 , {
prior year $ 2,860 S 206003
Debt servicst r 3~,
requirements (678,536)., <<,,;(635,456)
-Capitalized
expenditures (366 117,41 tf,: „(311,086}
Transfer to
General Fund -
return on net
1nve$Wledt (180,000)x, s~tVL) Wk *:~lItt(j3
Encumbrances Js~L'r41"1w~ 2?a.1
IE rE ! curr¢tit4ear P. j - n7t~h'r~~f2~c 60}
accrua"t 6,15 182578
EXPENSES $"199781670 $1,703,904
!
ti~3C`+76J? .+f'i! Iu J ink
f
A4.1
~i ty7 of+ tientoit TIIxds
Sr~tra"§ovdro*ntavSdrWte' Funds
:BALANCE SHEETS
September 30, 1978
Total Working Motor
ASSETS Memo Capital Pool
CURRENT ASSETS
Equity in pooled cash
(Note C) $ 292,818 $ - $ 292,818
.
Time deposits and
accrued interest 27,501 ow, -1 --'...21,501
Accounts receiva5h 252 = t62
Inventories (Note A) 478,443 478,443
Due from other funds 1509998 141,,051 99947
Pr'epaWinsurake 570 510
( s-Total current assets 950,582 620,316 3300266
Ct ~7r 5'+
EQUIPMENT (Note A)r,"`t,o 29792,467 63091-~ ni 2,728,670
Less accumulated
i0,4 0eciation 1.1344*QL7 4 182 1 319 33
rt.c
L401370 39iOX
%L`
$ 2,398,952,. $ 6599351 $ 10739,6G1.
q
{
The accompanying notes are an integral part of this statement.
A 142
' with T ate #i 'u, J'ri .u'a',v ,'i .r vk± ' kuy y~1,.4° ll'
v r
LIABILITIES, INVESTED
CAPITAL A10 RETAINED Total tirorking Motor
EARNINGS' Memo Cap ItaI _ Pool
1
tdRRENT LIABILITIES'
Deficit position in S 362,422 $ 362,022 t
pooled cash (Note C)
Accounts payble,
accrued payroll and
vacation pay ' 90,468 74,486 169382
.,Due to other.funds 127 17
Total current
liabilities 452,617 436,23 169382
MESTED CAPIT try i ~ht r 2~r7,I~Z
r' investment by`OeE{ric
System Fund" ` 180,747 180,747
Investment by`t 4t6r and
Sys 5 108,875' ' f~" z'~
er . 108,91
tg
~ 'ofd ibutedd ~Ft,s'3s i ( u:to4) rxvr,~ ~ ,q s3
ix stl r►eral an 1413fa-1
68
_ p38 268 No Wm
Revenue funds) 038 2 8
i3"s't°
RETAINED EARN GIGS 646) 6$4 961
(ACCUMULATED Off`1;IT)' 618,3 45 6 0Q
S saY
V . Jrk CL.1~A:I W
1;7391603
! ` S 2,395,952 5 659,351 $
fb^I ~i ~l Of) !i'tr. ler19';~E4
A''63
y
•Y , f...r
ht"' ,'L«
rvh.~i "'s Jr ! .-fi s r D:: .rv 'v r Sri'. ~y
/gyp
(ity of 04nton, Texas t
Intragovernmental Service Funds
STATEMENTS OF OPERATIONS
Year ended September 30, 1978
Total Workin Motor
Memo Cavitag l Pool
Charges to other funds $ 11556,632 S 1,293,59Q1;263,042
Less cost of material '
Beginning inventory 416,168 476;768.. -
Purchases 1 030 519 ~1s0t
1~ lfal!!:. r
Less endin, inventory 478 443 418 44s , -
0--
52727K 264,746 26 x042
1ng expenses
Operat ;
Salaries and wages 216.187 216,1,87 , ,.n .,,v
Supplies 13.480 „ 13280,,1 aw[~~f~
Maintenance 081 8,691
Services 219313 t 2~a3~
Insurance and_ orf 39783
269,066 11347
'`Oeprec4ation {Notts A)
~+3"s,y+~rC,• ~~',r',•~il,i tZrnl.R ,,:'lr~
R O~~`¢`peratlo s ~~~4me l3~t~~ Si ~ ~
{los (4,721) (4,216) (505)
0 @_rNjpcome ~(~ilC~rtd~ _!!!i....• ~7~^1J~h {~Ei<<tst~✓.~~~}
scellaneous`income 2,431~Y
f 1dt4C+sF~ C ~2f., eco 5 , i E, ti 4,739 _ 4,139
NET INCOW(LOSS) 2j949 $ (1,285) $ 4,234
The accompanying notes are an integral part of this statement.
A~
4
.'14 ~p Y` ry^5~y1
X ty 0M,6to"~ "funds
I ntragQVerweetal -Serx
STATEMENTSA4OF RtHANGNEOMINIHGSED CAPITAL
Year ended September_.Vs 1978
CHANGES IN INVESTED CAPITAL
Total Working Moto-
(Memo) Capital Pool
Invested capital at
October 1, 1917 5.1264,600 $ 289,72 $ 974,818
Additional invested bY - G ,6,3390
Gegoral Fund 03,390
-
Inyegted Eapital at
Septer~ber 301 1978 $ 11321,990 $ 2899722 $ 10038,268
CHANGES IN RETAINED EARNINGS
Total Working Motor
NMI- Ca L,1 _:401
-
Retainad earnings ,
(aceumulatgddeficit) at 615,396 5 (659321) $ 6809717
October 1, 1.77 S
Net income (loss) for the
year 2,949 1 285 4,234
Retained earrings
(accumulated' deficit) at
September 30, 1978 6189345 $ (66,606) $ 5849951
`:'~2 r:•t~' Q J 1"' (~'9i):f~ lY "15 9)7f µntYne,! ,,,j)Dy odI
Thi1 accompanying notes are an integral part of this statement.
A10
~N i•r-°,Y~~ P~ r,'•.;{ ti i'T• .L i F ♦ r."1. tvy "'w.• C ~P ~.~~ALyy. '.Y i 6 f t
zcitgvAeefonp Teas
at',101 TrAWfldfA9en4y F~t1~~$n4
PAY9OLL 'FOND
BALANCE SHEET
September 30,1978
ASSETS
Cash $ 222,95
n
LIABILITIES
FICA taxes payable $x117;479
'Other payables _ 45,473
s 222;952
zy a n''
4 ,
:Jf,'`i~;•1•!Ct's~3Cttif(aU~~h1
The accompaVing notes are an integral part of this statement.
r
rN+ its F _ ~l.
'rf
A-66
zcity Q.f,Delitol Tek4s
STATE14ENT OF GENERA. DEBT,""'
September,30, 1978, and 1977
X78 1911
Amounts available and to,be provided
for retirement of general debt
Available in General Debt Service ;
Fund $ 4,868 $,,'I - 161,511
Future requirements 1 5 9 066 11x856,483
$11M3,9341 $,12;024;000
~~are s~
:General debt (Not6:0)
General obligation bonds and
warrants payable k f,~^.r 5 111369000+~S 32,024;000
~ertifjcat6$Fbf<.ab)igatioa Co
t.'tr,., payable 129t
,
'Id3tatlmdWbanVhota payable a..
S 11,53 oW $ 12,0241000
The accompanying notes are are integral part of this statement.
A•67
h'. r#i 'S « t F'F,, ~'`'~7t~` rin',~ r •f5'S^yP'
Tq'.A,''.r
zCiq ovolahto'h; wi s r
STATEMENT"OF CHANGES IN FUTURE'REQUIREMENTS
September 30, 1978 and 1977
1978 1977 _
Balance at beginning of year $ 11,856;483''$ 19,304,662
General obligation bonds and
certffllcates of•obligation
issued'during,the ythr 125;000 36000,000
:,Ins'talliw.t batik Ate:bbtained
during the year 43,276 -
Decrease in amount available
in General Debt Service
Fund 162449 112421
G8bpdC,Warrant3, ehd:note; principal j:,
reti red duri/n~(g? the year 658 317 j r.:j r 561' 000
OW
Balance at enb'bf 1LA29466)4-MIS561483
000,ASO,SI Z AUIVEQ.II k~
off"9.!i-;7 ~'ir ailii
r , A-68
Fi!:"h'77"77"777r MY of11wf6n;0TAh.1
STATEMENt'01trMW YA"URF9 MEO ASSETS
Year e'nded' September' 30,' 1978
October 1. f(@L '!;.'•S~~ptaSh~i$k'0,
197 Additions 1978
GENERAL FIXED ASSETS
Land and land improvements s 2,573,459 S 1,0249036 S 3,597,495
Building 19955,182 510,448 2'►466r230
Streets 1310750561 11971,357 159052,934
~EqL pine► Vaod other so, J
itoveeseilts'>'' 1;948;321 237,084 E' 2,185,375
''CoAstNttioA'work in P r iiu ttj,";;,
prbce5s 705,453 11 061 694,302
? 7 r
S 20,258,582 S 3,137j344 S 23,996426
77 _ J 77M' J.'.
Y
" r,76 r'rif ifiU~ frnh 2Cr~f;yL~,9 1'='i;f7x',S'('lCi, i2t2r1Q~ ~'SS7fi~rifi'W'rt~
ItiYE~Tf4I:NT Iii ~iN~BAL° - ,~zc, s yE,r•r~s
FIXED ASSETS
From proceeds of
general obligation ~-ig^n
s 14 9 ,32 2#141,92±, $ 11,, 1 ,237
r~bomol AnV5 tnul nx~ 2 i1I.J45~J ~ ;f ht ~ ~Krry>s•t tin~aoab nrYsut,r,I
eye' V@ 6111A 'YJt£7 r=lib !-3blti~ 121A y V311 2.' r?Yi~~?,.Ln51,~3V~Sf
d b~~ C ► fib tia db4' s r bats ~ 7~ rs+1 ort; va'41.V4§ G 229 r}
0 1
. 201ffli am fY~~~t~~SW# £n r ~ rt3.48' r r t~bt 1~. 2 (2 J 9
6P,
23nP,o~3b S~9 + :011 Z9eM HT 91H 00111
r 8{o682:z ~ $ , 3,7371844 ~,o7y$ ?3,996 426
1} VJ v
0 2'r9 k~zt..+ t. n tr ► f r n2
2uc1"t3~~J ~i't;j ~f{t ,tLfityrn ~,r,(rrlL~ ~3C ~t?'C!~T"~".`3~ikV'4'4~.2
r !?±rv'~f?2 nJ ~,r^ rl~ r? b0i~~q rha2'r'r vn6 'I: bn~5 '303 3E 9:) w192 b9rIItAv
b:ll oor"", asgj'J Oi4:)9•r b~itidesu $c Jnuorf r+ilj 5?zb r±auz re bgr1rd joi 3Uu U,b'ty
-~•r ~tNt l:rkti ~;CE1 :Ok •,,dr;~s~;~~ ja ~4t),ati'~,It b~~E i~C~:;,0ir7,x~; ~i94brntxGParFs o;
8Vta3 rf
rIU
51 liy_ I i _ i. i `I. I''. ',!`'fir ~r tl[
.i L 4~I~} E,r i 'i Ts. :1"_ t 1 ~I~ r'1 ~~"a -Y~LL '~✓1T 1~13 r':ilU
_ ~9 •1 C. L-i i l + J +I ' . : d ' i _ r _ _ t ` r S ~i { r I f i l) P r 1 ,~j (r' G~
Ya L':;+t+ r` Jli~,fa"I
tG ,nf, 1r` b,f)% J-1 ~,nf9 r{ ~f1~T>> ir,'r,gj ynT vg9snrpq
The acctmpanyling~notas'are, snrIntegWl Fpa'tt of thiv~statwenC-) et ant 821,E85t
a.
x,
Y' " e ~;da t`xz
7 74~ ~,n^.:qE ik~.r ink , h~~~ ~ ~ ~ r ~ e9~
~:i,tYt a~•941~9n» Tgxf3 ~
N9TE5 ~.Q f,11i~INCAL_,,TAfE3NY~
September-, 34, 1918 end, 1977,
s
A r $M RY QF>ACCOUNTING PQLICIES
The following is a sumsiary of the stgniftcat,t accounting policies consistently
applied in the preparation of the accompanying financial statements,,
bases of Accounting
The accrual basis of accounting is followed by all funds other than budgetary
furls. (General, Special., Revenue, DAbt $ervioe Funds and Capital Projects)
which utilize the modified accrual basis of accounting. the, enc,gm0rence=method
of accounting is used-,for,all funds for purposes of preparing and reporting on
the'City's budget; for e,tternal reporting, the encumbra-ice method of accounting
is: ngt,.used, ih the Enterprise; and Intfegoygrnmental Service Funds.
I0en~ t
Inventories consist primarily of supplies and fuel and arewyajpgd pt Tqv ~►g~~,a;; `r
average cost. ~'ai2C. G3Xii
?r~ :•t~~~,u7a rr:o~~
Accounts Receivable
CF~S at ,CI ~SE,!¢ S dj hE,i
Inc ddedi in accounts recei4abie it a elatrlc system Fund arq~, pgy r~` +~e
fgrl ~ t,nd sewe, pr,+ es provido; by~t~ h Water and Sewer dun 1}4, p$ bagby
services provided by t?q eneral Fund. U i tty recetyab t3i 11 0 5 ,r
te ,L' ,Oc Syste, ~~rLtoi faCilt~fs'pounting andill p~rQ~iBUf~f4~ s.
EaVl' und-records As~bwn-portion D he-revenues and I ses from ese ecounts,
Voof mon
v'e of rS are 2 recognized zid' an ` .C,the basis ' in Zly cycle t,'11lings to customers for
Revenl~es
servicest~T"ovided. -As=a,result of 1his~cycle billing method, the City accrues
unbilled service at the end of any fiscal period with respect to service pro-
vided but not billed at such date. The amount of unbilled receivables amounted
to approximately $1,6309000and $1,572,000 at September 30, 1978 and 1977 re-
'
spectively.
Fixed ssets
Utility plant in service of the Enterprise Funds and equipment of the Intra-
governmental Service Funds are recorded at cost or ma•ket value at date of con-
method in
tribut on. Depreciation has been provided using the straight-line amounts sufficient to relate the cost of assets to operations over their estimated
useful lives.
During the year ended September 30, 1961, the net carrying value of the electric
system utility plant in service was increasund by $4,851,498 to the appraised
replacement aa`16 less depredation as determined by Qdependent consulting
engineers, The appraisal increment is being amortized at an annual rate of
$283,168 and is charged+directiy'to "Unrekiized-iincrement5ihjva)uitiohr8z)of oril
A*ZQ
grYj ~ i. n,.a. n ! '~,'j yn 7. ♦ y '~y i?~i}if r
61 tytofrDenlonV)TV45 '
NOTES: TO,FINANCIAL' STATEMENTS,,(COT INUED)
September.30; 1918 ond_;1~77
A - SUMMARY OF ACCOUNTING POLICIES (Conti nued)..,^.,
component of the System Equity, and is not,inc,luded in the Annual, ,deprecia.tion,ao?-
expense, The recording of appraised values in excess of colt and
;the charging
of annual depreciation of $283,159 of such excess value directi'yto,tile Sys
tere
Equity rather than to expense is not in conformity with generally accepted.
accounting principles.
General fixed assets purchased are'rkbrded as expenditures in the General,
Special Revenue and Capital Projects Funds at time of purchase. Such ,asset
are capitalized at cost in the general fixed assets group of accounts..Gi.fts
or cantributions are recoMed in general, fixed assets at fair market NiO ue;at
the time received. No depreciation has been provided on genera l,;fIxed.:assets,,,
~Ct'T'(jr
Property Tax Revenue
~rr~,~~i~1 ~~')I.tSd) f'1Uu'J.la Qf!tjE,'19'yt~
The City records we3lLw rom proparty,,itaxes in the yeir in which: tbA;1Z4shkie-i10,rv
received. For purposot:ot accoun0tsttityo the City records del inqutnt,'propertYjj,s!-s
taxes receivable an al, asset, bk offsets these amounts,,wit4,a-retAte4.Lreserye,t-i~.
for uncollected taxes,,t) -Iqz', rya2 r,e,m1P4
g - (32C~N~i) bftd~ tn5r0 ?nsn~vo'+q%ni 3704'rth
Revenue Sharing Revenue }uia t3~rt,~atovn0 3rnurmo3
Ohl S b,^U~ jncls
it , Is the City's; policy to "record"a1`1'p'YAents from one entitlement period with-
in one year to the',»CUnta pra(Etlch1g t?)~tVng 197'4t h e;rdinngg date of the
entitlement period was changed from June 30 to September 30. Consequently, the
final payment for M"MTMment'TbTMn6ding September 30, 1917, which was .
received in October 1977, was accrues resulting in five payments being recorded
in 1977. The four payments relating to the entitlement period en4jK $qp,t, ,rj a0C 1978,
were recorded as revenue in the fiscal year 1978,
b"+uz ym912xC 9tt 2 t~nb 935 W
. 8 tT.M_Fhj f $ G R v E r a rr T: ~.t~ i kXSTf.?l'+fJJK00;cTO W -4M8Ak FUAP 2A
1911" ifil ro. r,ntf ltitl 5 d E9lU792 76 slat W -?bnod ea ,iT VO,O:S,a2 10
Th@ rC, V, O'Ar~ any al l0 44 CltJr, Q; aklS, q~:40rvet RlrtlrSGrtrJ'al1S~ l" ~Af ,@YC@S~r;I~svS t
..re.YeRUes'% q ("ph ~qjr he; r{tility fsy6;6 jrp ,tie 0-~.Po„fn $II ~~Q~p~ , tAAI
exceed six percent the the 'snot investments' (as both te}~nsuhave been deffne~y
thef,C+ty AttQrney); i ►e uiitl:irtiy;:siyate ilr~lor5ry. 4 s ,t~h0;G. t chas prqsents¢.
hese transfers as. A.direct gduc.liion.ok,re.t;aiR d:aArnings (R„Lhq,gtil,~,iYf40! ,
these'
In a manner similar to a dividend. However, in 1978 the City changed fts'method
of reporting ;thQ5e.'tralasfers' to tc4rl*4
~t4~b"S~~at~i R~Afr PA3,it}y~i3s4. by,i
the AiCPA State and Laval Governmgntr g1VriVgg ACgM_ittP-R,rArlr$APt"4aJ"49
which recommended that such items be included as a separate catagory after net
operat~ Q, ,I.r►C9ine ,ar doss 4q ctoe tat ~artt Q t 0ii r#t~ Q►rA-<s =,T_hq &i ty.,.has c~e$,tatgd
its 19r 4 P a re 10), past ,t~n~ rlts,l toLpP Q►'nt ~1~~ctrtl,$•Pr,.R~rlta~fA/4• ~Pgnge
has no effect on prev1ousTy ri:portelretained earning but c}¢~a,~r,dygry}e•t
income transferred to retained earnings by the amount of the transfer from the
respective utility.
~1+?1
..A y ! ^i,y rt ~3,a ''f r tlz f•~7 w w. 1 ' ah ",tl.71'~`~:'f(~~"~'S'..
NatES WFINANCIAL 'STATEMF.NM (CONTINUED)
September-30, 1978:an4 1911
fC
C - EQUITY OR DEFICIT POSITION IN POOLED CASH
The operating cash of certain funds, as noted below, is pooled into one bank
account not identified with any particular fund. The accounting records for
each fur: eaflc'ct an'e4uity or (deficit)' position in the pooled cash at
Septrticdr 30 as follows:
FUND 1978 - 1911
General Fund I ' $ 448,783 E 39,413
Electric Systdtn Fund
Opera ti Of: account 1,428,342 (3,617,043)
Systems £xwAiiilon and t.
Improvement Fund - 4,615,171
Water and Sewer Sys 621,108 17,021
Operating account Fund `
Ylorkirf E'raaital` FUnd's~' nr rf; s ir.(362;022~+~ +n 282;8061+
MGt01~'4~1++F~~d~~I~ (gib # r ; ~fis I'292~818 5989036 w'? ? e~ r
984
Criniittal*StiCirCrans'fund .di znc I_,~ 17,458
Human Services Project FunF -
Airport Improvement Grant und (139a192 ) 9t,r+,9v9iin-ft±ZLI,,~~
Co":nunity Development Black ,
Gr7ldit Fund 2,4Q,~G~~ 'r c~ a(+t,' f~,+ ~rtt
- i3 (r) bo .Iqq Tng-'ai! fi3Re- you fK'11T F1f:-)1;r ,,r,.1 # ~ ~ E~ ~i
0i to slbb en'bna !i(Ij ,11 e: nlall~~,043L163~f. 'S'f' 608',~63Fi '1(19' 9(1~ n
4A4# ,tiEjn9ut:z(+vi {1 'i9iif9JL19~ Oj $~`u 1HJf~ ~'~'t ~i 7 ,?k.4( sf"tS; ;rr5~t3f~tj(fa
26} e(f1Z,PG'E'Dt1 !s , r ro 71 X03 ~ngfybq Ian"ri
+ C~Qt JL c~dc a~r,s:'
bqb7v)s•r gMg~yd eing tq -301 (too nPt~Iu29't b,~u^+ 'iE zF,•-, n;1r~"D ~0 il b~vtEJ
DC" ' LC1N'Gi'IERIi? ~S!'(13 bD 1~JL3 i(l9''JI' fj(ID i+(ij GJ }?fllfr>~9"# 'rl Gi AT 1~~~ f!(
Nf, c,rl` <<"1°r? p(i1 IS( c'U 1.a ;1wY i EyC; E,,'10?9~ "1 [!.r
Wat r and Sewer System Fund
As IWY# WF.dWe`~ -Ab" field IJatier'' b'nd' ewer'? POve1iue' "ds 'dlrfst~Fiif{~ig -
of $6,230,OQ8, Thkse bonds, which arqQ secured by ay first lien upon the "net }T
revende4ny6ff t?~'~faiel nd'Sd►ra~r~`Systi nt gable arirtLall i'rf V66iKj! dAiouht
thl d~jli' riiitN ititelFA t' IF6, x'1'4 ihnnL.41 y:•a4'`r~a>:a e6glrfg -,fe(* ,3.d"+'td"6e'5h,
u9r1i 9b f4993 9Vffti cl't P,tOf iE, ~ f r'Vi,r j
t4,9~8 ~'(II` ::i+} Ifs P?iIIaL' J_f.T4 CWltas'rdoJ' 41nfid, ziiifthe'(oedidVnces'auttioi+liing ~thdsle lecifds'i4 t7 f 9 'iil.111
et~tilish''ee~r<ita'irS'(~urSds lalfr Vl~e rspbdi'i'ied (te'ah`sfer' ;bs fdl'lovis.
4fiJ91n 2jr bPUn6(i;7 VTr~ 9rij C'C'I nF 'iSYfS,Ji~I{ .~h;3!I('!i~ f.p1 ^Ibi f("'CZ '#`7ili:.fi f rl~ j
1yd )1;,reive'Mii fr'dc`'effed iII b ddpds'ite'd,1KtC re "RdVe'mUd Fund"' fr~4kf7'so,D97 10
.ifh"d1:1'`d¢Lt'atfn¢ ex ~I'ire ~lii ll +bd " ai'd'e' i (;ar l tor, elJ O? AMA A!i~
?9 -1,j46 ~11n~6'6') 9Jt!f, r)2 6 r`,'6 V+~i1~ nl '3(i , ,-;A I+:uT ifd), f~~~!.I,nTV:1a5y r~+lfj'rl
° 'r5
2)'' (46sthi-4414 "d'ayi dof each' nt6r~t t'f t4 City' will" ddposit ;i6f0 ,dP i'l6terdst t +c
9W:si'r gi%dlf4 pub"Ha~d'p6* ~i 0fl tncrieg t math in¢ intedit•(6M + f t
t3JIGgSiI vwfu no Jx4)15 On 26rl
fi` "il~lai lilt J',jud ~(1tf+ E9 bgnicl'+f _Ifl
9rij n oil 'rcT2f,6°t~ 9d1 to ~!iij -6 ~ rflft"t6,9 t:C+~I51y'(j ~ii?'r';$~n6+J 9'1':(Ctt
f+ #
All"
777
T F71
M
QVI
C1 tyTof,'OentOn;oTexaS
NOTES;TO;FINANCIALISTATEMENTS;'(CONTI!#VEO)
September 30; 1978;dnd;1977
A - SUMMARY OF ACCOUNTING POLICIES (Continued).
component of the System Equity, and is not included in the annual; depreciation,
expense.., The recording of, appraised values, in excess of cost .and-the charging ;F
of annul l depreciation of $283,159 of such excess value directly to the System
Equity rather than to expense is not in conformity' with generally accepted
accounting principles.
General fixed assets purchased are-.,.Ci.orded as expenditures in the General,
Special Revenue and. Capital Pro,tects_Funds at time of purchase. Such assets
are capitalized at cost in the general fixed assets group of accounts.;.Gifts
or contributions are 'recorded in geileral..fIxed assets at fair market vkiue .at , f
the time received. No depreciation has peen provided on general) f.ixed.asse.ts.~
S. 1 w I Q i -
Property Tax Revenue 'rr 1'i `rc r>
{;ftU~ r'~3~2'k~ ti9wS.,2 bnc 'r~z3bw
!ISO CSC} r~ 3ruu:~7s 2nr.1x•+5~, 3
The City records reYeAtaffrom prohertZ&{ axes in the year in whiel►the :Coo [isonw
received. For purpose:of accountabi,l.i.ty, the City records del inquenVpr°opertyjo:,.
taxes receivable as+'aAra;sset, but offsets these amounts,,w1t1,4 r.'el,444,reservs
for uncollected taX0,,[j 29-'4v-19Z ntxcwH
Revenue Sharing Reirenue (SFC+~Lij Lnai ;ntn~s tr,9rrt5vr.^rgml t►s,q► A
sip, ran 3ro.,riqV9vgC vtoL"fr4lD
r
It is the City's po"i fcy~o`record ;a *O'a br: wi';
p yments fr~trn one entltler,ent period with
h-
in one year to the Aktal% pragticabl,e's•0,Wr50ng 19;7, the endin' date of the
entitlement period was changed from June 30 to September 30 'consequently, the
final pasmwnt for O`~`lr°lU '&vnt WWending'September 30, 1977, which was
received'in October 1977, was accrued resulting in five payments being recorded
in 1977.' Tho four payments relating to the entitlement period endiq. Sgpi;"g1 30C 1976'
were recorded as revenue in the fiscal year 19780
hr~J'1 rtr332 2 't9'rr~C bnt -1916W
B - ~?Ra Sf. RCAF ~~XG s ~R~y~~ ~~S~F 1H rT~E _QTJ LIZ Xt ~rS,TS14 40, E;.a thE 1KM AlA zA
i9n" ~r4J r,oqu n5~i iz7tj 6 d b9nu:~9z rb rl~i h',ztropd azrriT l~~.~~:,
Tha'&,l.tya ~hArtBrr 41;loots Ahil,;~i. Y; 41, a~Ce a1 r, l~ctr`et gns~ry~ t)'aA3 A1':Qf, @ cgs OV91
.,reverlues% Qf read t0 the, Lit Riv I3yLe ~llkr,~4R1,the .Aqg r%l ,~~u1~A,An 0 i
exceed six percent ot{ the net investment as bot terms have been def ned by
the .0tyAtt2rjey}ujjlMgi,iu~j ,1,ttb+rJy_ qa1XAiql'0rj.X6grS,"I 1,0;ty, T
these transfers as,
~q;,i#i,rec ~eduytlQn ~E, R In Uhu e , Yc4 r4 T
!'etas d inns • i.t
in ! manner similar to a dividend. However, in 1418 the City changed (is method
of ;,epportj%'ithesreArAnslers~ 0onfgmit.mip'10t~141~t0f, _ ,iiri0"9AUSA4 Q by,
the AiCPA State and Local Governmagt+ rfQuI I Cwt,
,t. q.,r G n~e.Pt"4 r ,P 4..
which reconmendet mat such items be included as a separate catagor after net
operat •,irnvrV or doss Ar (.01t ste "t Q (.0R rA1;~Q1~A j'fhq &i ty, as e t
its 1977 ilelloi~ilrlst t~ Carr tR, frAn r7rtEll t arc A q4
4 Prie+4,tat1~41~~ n ~f,~'c~'ge
has no affect on previously reported retained earning but 4" ,~dygoj". -Pat
income transferred to retained earnings by the amount of the transfer from the
respective ;aility.
A-7)
x , [ 1a1F,1 act r
n V. Py e+ , r { a ~,h dy ,a . r. r.. y. , 't C
-Iin
k. ~ x n A t ~~A
~e
City, of, 00006'W)T@90
NOTES`TO',FINANCIAL-,STATEMEMYSS(CONTiNUED)
September 309 1978-and'1977
D - LGNG-TER.'1 DEBT (Continued) 3) The City will maintain a "Reserve Fund", equtil to at least the:: `i,
average annual principal and interest requirements on all. bonds
outstanding, which will be used to pay debt service requiremients
r.
any time adequate money is not available in the "Interest and
Sinking Fund'. in the event that, due to the issuance of. new
bonds, the fund Js less than the average debt service,, the City.?-
will make' equal monthly payments in an amount adequate.to,ac i ;lea
e;imulate the required amount within five years after issuances
of the new debt.
If the City fails to make the above transfersAn any month, ~the
first.available revenues of the following months'are:to,be used, v~
Any' amount,. remaining, in" the Revenue- Fund after, providing for,'-the br,ei
transfers to+ the, other: FUndsf may.! bk) t sed.ifor fnr/ ,legal_. purpose61J pn'
s,?t~gtiu~ tub
The City :ias also agreed that it will set rates adequate to produce "net r,iveslues"
of not less than-16;3 times. the annual;E9bt;servicd coverageru fur,thterfl11iLrCity
will notr-_issbeladditional Water, 4H&SeWirr8evenue. Sonds'thiless,,gtli the above
' noted fuOilftbrft'binVthd,&ouhV;ofmoneyeIRIVeedctoibf11erUivQfijd;x416. arftenues
are equal :#b.retr feast 143'%ImesAheiv%ximVM'deb`tUr ric# radulr'emdntr-Afterathe,
issuance of the additional debt, r3 }Fail l51 y~~ r'19ti Jr 9;, ~sntup97 916rn 63
Electric S,y em:11,Adw7 t:zn~~prliJrr;~ talryt r3v7925,,q 07 ga,ioop.ics`i fftk! -(JQ zj T
.21ALJvr'b f9'iFtJ of r,~l wof~d Ebr7,,4 tr^!'1 nt 2nDiiDubsi
During March 1978, the City refunded its then outstanding Electric System Ri+venue
Bonds (Old,Debt)ltotal in§' a16,902s000 ji,withAhe proceddittfmd Ue \Jfluandb `dt
$199265'9000 of, Electri6 System RefvWingAondl1(New.,Oebt)wni'ro~eed*,JVa A)re
New Debt were' usode,to puftha3dveoproximatelyi515v6OO,OO0 of ~gbvenWsnb tour ities
and estAlisK a142 2501000 ,reserve, and,af,$250,008 dont{ngency-j,fu(4 forlthe, Now
Debt. They governfnenteiseeurities r•,whizhemature dn, datesj doll gn6d kc ,fulIr.'Peovide
for pa ent of the Old Debt, are held in 'a special escrow accourtt,(bylca' trustee
and solely for the benefit of the holders of the Old Debt, thereby defeasing
theiri securityjAnter'estr oh- then revenue;, bf, the' Electric Systgn. oiThi s-trefy iding'T
resulted),44,.the City recognizing aenet.yaini Of,. SOroximatelyte3'9 4004hic4Ihds'"
bem recc§nized ,es, an ektraorrdinaryi,item in;ltha+fStat;emer t 'df~Oper4tions•,in the u'
Electric+•System Fund. -1 I ;r'e Ja ~~`.!JF:e~ t if Z)f! Ur'Tr b7lrut~s+7 - I 11t6Jno)
ric, EIJ1"10 91pfvlrjv.5 1(0 hnf~ 1!%)l jR3rrK,1"It~~~ cAJ (.1 ~hy.T
The New Debt, which is secured by a first lien upon the "net.revAn4es1Aftthe!)di
system, consists of serial bonds which are due in varying amounts from 1986
through E008 and bear interest at rates ranging from 4.6% 04.85rr7 nrroJ_~6 9np
" i
In the brdinances, Authoriairg -.theAssuance"+ of.~ the;Now .Nbte;th4ECi,ty;,Ns;,:AgreedA
to :e'stablf sh,ivarinutl,funds, and,e►sake,swi fidd ctrllns.farsl a:.ifollcws tl €Jr,61 1G1a bnE
-1Sc 2t SCl15:1r1 erlorjx)^'I(A-.1 Ir'A tirii ';ti?I 01PLsQ'+rii ;.trl..rorl+5 Vr1IX'16r ,t ~r[tUR'j£
$2 ~t s
1) The ,250t000 will a t"Contingency Fune"oof $250,400. ReThe Reserve~Fundr ?
p
;c .
F
r
:•-'.,~r 'i t rr" `Mv r~~A"r i'S. Ssi'N ~ .1ra ' ~ 2 ~.'T : {
771
0ity;,of!O ntbo-roxws
HOTES'TO'FiNANCIAIfSTATfMENTS (CONTINUED) s
Septemor 30: 1978, and1,9.17
D - LONG-TERM DEBT (Continued)
will be used solely for bond payments when the other funds are
not adequate and will be increased if additional debt is issued
The Contingency Fund is,to'be used solely, to'pa;,for unexpected
repairs'or replacements o," 'the System if, no other,Funds,are
available or. to pay bonds' if oth,.r. funds' are not adequate. Rea.,
duction's' 'in these, funds below tne, specified'..level`s rQst., be re= .
placed tin 'specified,periods by budgeted payme,4s'from the Pledged 1i~,
Revenue Fund as noted below, .2) All revenue will be deposited into a "Revenue fu~id" from which all
operating and maintenance.ekpens'es will be paid SWitnnu4lly,-the'
City will, ransfer, all! avai lable Fevenue' into a' 0Pledgedr P4,venus' z', r
Fund0i1rc.d wthioh ~thei following~-transferlt wil llbeimade;i,.,iAfterjmakt0ii.
ingg thess-i1ransfers', ony -reindiningl,amountrmay' be?use&fom,,,any,Jawoa-{?
ful purpose.
"25Un?vGcl .J~irl` 30~iuG"t J, 03 0fiup9t16 ?91 E't .132 f r tw, J i j6r13 02 (c W 0 r c',!
,3),1The`CityW,(ll mako,specifIed?-semi WW &rafs;fersj)des i nWito'
r~T{91l,01he!Oge
9''pay, the uiredrdebt~:se'ivice~paWent4sedlproduce b,,miniRtb,Wance`or 25r.I9un;ot mOtl t ~yMdjb by+Whjch~.1ii)985%1 Mal nth ta'r ntaihddr 9 B by r .1h~{ Reti tr rWen ts
4st9wP,vA Fund Vr, "be:Used Solslyoffouu,~
to make required debt service payments. .109b fArn0,itbb6 unf ~0 g:InfuUW
4) The City will reimburse the Reserve and Contingency Furtds,for,;en_.y'_at,Q 5
redwOons In the funds below the required amounts.
5un5vo~t, M02{Z ot'.:og(3 pntbr,bj2juo ns=!? 231 63br,ulO v310 gel's ,$Ct?f rld+eMi Ent',u.)
5)) iThe iC4.ty^. fi;lxteat.s9feracani amoUnt equ V)(t4F1BX `ot 06 fAdjustgdl:6rd0)) rt
srisRe4'erluel+S~SO~fined~§~°6ro13? ReverN~riessl:~arg+rcas#~' incurred im s~fpply+:,t~
r.s,it~-,~irtq fvel~:to'~`le`Cit~y~~.t6''an'1'dmp~oVerfent~Flb!d►~ri.`fhiacfurid~►~ik~+be3dsG ~~~►t
waV jkd td 0a Y' .CA$tst of, Sy3(t&fUprdvementmk)rs W 10,,''Dthem fundsjtlz4 t;rL
obtvo,{(ar$raft i a l@;,'fforo ex&Aor4inanyiope4tingaexpehsesj40M~payment),ofir,r iny;
50ithe NewAebt'na,16 wo7.,29 f6 a9pz t, nt b[0 9Y6 ,sd90 b(0 arts ;c, Jnomv,Eq lot
pny2E919b vd9^,9rii ,id9" b10 0i to z79blod s+ru 9a 1t7grl9d srts ,ol ~tgfo? E)rt',
The pity.has'°al'so agtee¢', :aWng,'Vthe~; thingsptW, settlkates, adequate,.tio,,prcvidewo
"AlQdgisd lRew+lfiSl~d'9`~bglfa3rtto :nti'r)ea~#~ ]zd ~times~the~Nay~ents~: tp' ~the~:ReGir~neh'E z~~.f
Fund'. iFurthdot-no;'edditionat:debti,Nay, bey'+i sugd-thtlesss:therobove!no e(,4unds•9,.),1
contain the required amounts and Pledged Revenues equal to kik7times~,,the)payr.)fi
ment to the Retirement Fund and the average annual debt service requirement on
the!additidhalr{debt. J9n" :iris no:yu n9if Jznt~ E '(d b3•luo9? zi ri)t,,w sdgo w'nY yr,,
d8el m0+i zfnuomc untv,s6v nt 9ub 9,16 r:06w abnud fbt•s42 30 212i2nDa ,m.42v,2
General Long Tai 00V ia.G moil; entpnbl 406,1 it :20,10(0 •16ad br,t, SCIOS do7w~•+!1?
A'. of septetnboe:30iig9Mtt tho,itity dt) Denton h'asp,gerteralr'obllgaGion,,serwial tbads'
warrants outs t'atndIng, of, 41,1069lOOOJDOese~bo6ds,, aridi wian1arits-, arer'rrayable 0J
ainually in varryying amounts through 1991 from tax callections. Interest is pay-
able ;temiarlnually at ~rate!''hangirig~:troaw, 2~6% teu 1~.'!a%.t f d6a z9 f f tw t;r hri i ( i
4tii~`i J: 19:J~ Jrli {`rl~{??jp 'r, '71.:'~ '~"I (•^~!(!(1r7 ri'!" t, l,r1 r. (If'I~rJ
7'. ' ° .'.r* f 4 rb ` 5 • J i ° a r~ rr f A` i • ~7KJuY,,f'o C al tajP:..M 1~: v 6r;, .y .r„f i k4r •y i r t$"
.iy l I
C1 tyT01111, 6ntbnloTob3
AYES! TO7FtNANCIAL" STS` URENTV (COUTINUED)
September:'30, 1978!and 1977
D - LONG-TERM DEBT (Continued
The Certificates of-Obligation issued in 197V, totaling $1251000, are due annurlly
from 1980 through 1990 and require interest payments at 5% semiannually. Thee,'
Certificates are to to paid from taxes levied to support the issue or from any
Net Revenues remaiftin;- frdth the Cit -'s Water and Sewer. System after.-Making pro ;
visions', forlall,required payments"under,the Water and Sewer~Re'venue Bonds The 5.5%, installment note islpa,able)to a'bank,`from Generel'Fund Revenuesy in
month ly'payments'of $1,307~thrcugh;June 1981
E - COMMITMENTS,iAND~ CONTiNGEFltIES] c r 'aril J: C! j .G3?flEd~~r; f>~i~b'!J2PfIif1~~: Cf1f: I1;1:+,'i'.'~' [}:~llyzli~I~j ~fJ .`.~'7b7fC 6'x,f f'LI"~
Ci
TRe'~Ctty is~cLiMently~tt><~defPndant 4o?a-suit)in1s,hic1h the-) pplaihtif(s')hays .rsoo!A
qquested that the Water and Sewer rate'Jihcreases,adOhted:abjl~(the~Cit~~Cd1lh~.`il(Ana
Julie 30, 1978 be declared illegal and that amounts paid due to such increase be
returned. Iiie City belle'oes that the ultimate resp_jU 1Q ?9 ._~L+. W1 11,~►Qt_~~~
have a fignificbat effect upon the operations of the water and Sewer-System.
bn6 2~6b V10) of qu) n tlsaar bgzunu e161u7wD3t of l4q •afgm,g 2woffs,:;3t0 qdT
7'
In ad6llioR t 5thA h1#i'ai5d43i+rb2"ts iig+f'hr~n thyl~e9t tft"f r ~~tr
thfehd lit t ' Thed~~ i peB 1?13i byt tWp1 ' # ' f tw i
aiT~S #`fs(frbb14) r1QeCerid
the Gi y ai9I alft
ex eed'theltit l3 $h$ 00 ftbveft fiai~ W?~C~l Lely ~6b010Ep ~cf'Ih ,ri.tyybdtloves
th t~'it.0rh1+3v3?iia~Dbrt'7lf def hittlaVa'1iab1 als4tthaVkttfi ~hy~~a>~ 5 tt~etiCity'~ 11a-
bili't 10'llufidtl%'A 'e rLitlcthlbraAte c$wonob.at ~eq not3b5av sly dw xbnlj3 saty• sle
fsJdmtxo^sggb b9 15301 293a•r vtq 3ng,ou) iE ovegf xatk bra noils3ty b~ju0ra?bnu
,,9reement-. th Texas. EfuA1c4APP6 eNMeUyIJovrl.ZSgzfn tOW,201,1t bn4 0,JOoVVQ
During September 1976tha City, along with the cities of Bryan, Greenville and
Garland, TQxas (cnllec~,iv,~'(y referred to as The :sties), entered iWV'Pb 10J I
Sales Controett with the T,`as Municipal power Agency.(Agency a municipal cor-
poAat(oiti"a'ridi bllbitai~40bHVisioh bfutbh 4tatlr}aft• e1aill ejyU )Sdmslgn2 pnt•,uQ
1Dr.7or+o;, 9d .1Ef'l 6000, 11 Sap 101 ?gbrvar1q rl:~,,~w (Maa2 nnoJ) ~nfamo) 20 '102
Undeycthel teftkl bfi tlie'a`gl d P*n`tls thbJ tay', whlch+was" created 01, ff concurrent
ordi a~itl~'s`~f~The"CitieS?an4'ifiiCht3s ~bverhed~b -`d 8bar'd)dieDittt'to-cods is-tang
of.'algh`t)lh~b&si~ Ub" by MA-e ii W the,Io- lrriihqp lbbbY"ofe Aa-tm2iYf`dgre~VitA 1:aq
construttf'Or'at 0-6 elittlrit te` tti bflpla1fth^,•to 44 ly-`e&t gy 6,41T waIr4oiThe
CiMI '#dw' a1'pe`rvibd'fd'f Ko'1;9E~l3xtKair 36' y!a'rsi ~xh~ 64~ti~aF hbve~e}re~d ~W y+lr~ch~ae
all `futures~ 9°8nd~fsl~r~y?re t tne?it4nih'e~ct0tst(6'1rs;•~b!3MbLnt Je~ferate`d $y%.their
sy3'tbmlo cWrbhtly, (i w. ill i 3tekv f ebin rho,,Aga`niiy a~tn pr'r` 1 f1 h t;UndAdl td dogeref, (tty ithe
op2~lttififgt ~c~st3" f ~'te~ sy3t~r~~ntf b)b:th'e rebif'easerrt Ort VV debt Llnt rred;tg1 that
Agency.z Iri~'thir iWht, tWS) r`60 ' ar ~,ltfsilff<iti~tt i'A' over all~~c~,`st4~dnd r e>;ire
the outstanding dobt, each of The Citi,s has guaranteed a pofffewo* WrultQa[td,E
debt based, generally, upon its pro rata share of the inergy delivered to consumers
in the prior operating year. As of September 30, 1978, the City's guaranteed per-
tentage 1s approximately 21%. At such time as all of the outstanding debt of the
Ar73
q
1
f{:"Jr ?'v ♦Y^'. K~. t ~~'nXe YI SP...S3 ~QE r" ,ifti r?'.',.d ~ i,Sr wP ~..L~ •'1£ ~.w~r.4~~'lat~~,"L , f G." q d 'l
C4 tyToft OeptOnl~TekS!
NOTES i TO ! FINANCIAL= STATEMENTSI CONT I NUED)
September 3010 1978 and 1977
E - COMMITMENTS AND CuNTINGENCIES (Continued)
Agency is retired and the Agency is dissolved, each City will be entitled to to
"u"ndivided interest in the property based upon its pro rata share of total,pay
ments::
4s of, September 30, 19780 the Agency has. issued $300,000,400 of, bonds:for,the
construction of a ligni.te,coalifueled generating plant hhich:is:expectedrtol.'
be operational in 1982 and for the purchase of a percentage owne,^ship o,f a
nuclear, powered generating facility It,is,anticipated that the«total1sost.for,
the acquisition of these facilities and the building of related; ran;miss~on
facilities will be in excess of $1.1 Billion.
Prior to the period th,-t the Agency becomes operational; each. City- hw,..egreed;
to pay a pro rata share of the Agency's general and administrative expenses.
Amountswpaid to.this A ency foni.these expenses amounted~to{apDrpximaSelyi$1MOW
andi~$130§000;durrllhg,'1 1°;and.~tl977,7respective)y, by3e_e,,,p
~Lf riZGh'1:(It ~;7i32 rJ.~ '~U~ tf!'.,r: ~ihtJC,C., iE,^,~ 1,1n 3~L,ijif( ~ [i1'.!!ihl ~d O~Q1 )L ,nl
Accrued aCdt~V,,;.And $.ick-,LeaVg ' , r fti r"'+ ir'7 ?,~'d9rl vSi Stir b ~i'au`,+
Cif2 2 j191'=G iiof ":Q{En E'{13 tU GilUiJh1~}} ar,1 nriiu :.s „t; Jrb;,t~tn~ E }ti' fj
The City allows employees to accumulate.umused vacation (up to forty days and 1
wilt jjo~ye ►a#¢li YcaS7ollok~lb
r ,f ld~t~~~tf *0J9y 7)oRf1 Y ►s 1&kj~R~~~~ l4~~1~~44u ol.twrl~,~~y~j
to #te fl►019ye:~ me ,i~ v 451
p e
z~ti4mfsuC)Wi1.j bgl y d, Sin Y, p9 fit, 1 1 1.4160 to ~ 1~9c a} x
z LUan ~o~.lielle ;s11. l;sl~Atd~ A 911 tt~91DC ilS P 9ijvd9 1 )+JtI" 99vWbg ~2
C~ 45 #8d r 1n r
slid s q Qk, paYr.dre,, :i'Xp*%0 vhem VA? 40, g9P.L, f pA, on
service funds where vacation pay ii,.ggrye9) aTherdP, arj~J;x9fsynu$p0AaQ0t1id
unaccrued vacation and sick leavs at current pay rates totaled approximately
f205,000 and $1.105,000, respectively,d♦n~4Pt4r,'~4yt.9a$.z~rr,a7
t,hb°fffVfl9}lil , t!6Y'V0 iG 25Ptf1 af.1 il'1[Y! Pfib~b A:JIJ "y''J 4=~It1 t E~+34:[ili~3lt'
F - LOK,;4TARMSS: C1°"~9ff19 ,(a1~i7tJ c9dT zf, of tr9i,i0q'1 ~if3Jt~~ iir,,~1 2t,x0..,bneE-~t:~)
-'1f1~ f6gi~in~n E •(~„tilt''! YJtl9~~t "t9'r1U5 fF.r.~iwslt,.h1 CF,rgf glut rJT4'r ±lG't~fl)4~ 2ai[i+
During September 197x9 t*.Gi.ty hUr*0 Irtoi# nQi't<'go$.j5,aie%,cpntr3y tc)wjt,hj, ppo)n
Star Gas Company (lone Star) which provide!. for gas through 1981. The contract
~+requtres,tlN►t•the Oi.ty,esttaldte~i.ts fNxvr su;.e,ra~, r9yi9ss;p4na3tias;,~~~~~ 1aJ,.~
usage ~i e~;l ess,:than: c7gfi> 4f,;th4 sst~n~.te►~; ~he. 0i,tyt dl s91~9r1~di to; f4tr9a. .Y~ Y,l o
pay(%he.cirrtreAs pntrwspeei.f*jInithe)peW1contrb;,r,far;aII,.gar rg;,41ye4lr¢44-,
1 1,
r w r
b r3r .
Y hl
s.equent rto,Apri~lyl'I.977:cr~l'~i; .contrast, r¢plaGea a 9re. ~ou~
.City hod, D@ Sont,
id: apD,t'9x..1~tiely , S398,904 , ,Rff, too An 1 t:?
~~.11ti,1A1'cter~!f~,~{rtderi.Nbi~h~tlte . t
,f pay'~dcfkier►) IRs,iin 1:9nculrentiy,~WAs,19Rii>4,r:the:.owl441Oil; +Smt.P~109-* f f
q~Stan asreei t*x i"e.U~n~,1r11zp.Ayngrtts Q~de~',jrw Aber *#,cr+pay,prpYj,siPilsaof,r.fh9,,e
old contrAct .and Met, 0ity %i _n .turn, id, p ,refur41 to,, c.9 sta"i4r3~ x.4tr,~pprtio')
l . E;r
~
S•oL~~the~cdef4Fien.y ~prgv,lAU SI,v passsd: tlv"ougl►►.9.~,t#ker QrL OAy14,4f. i Gi.op 4y1 is,y.„
k
an,licipated for 49,78,-10 b U1? SJ0f"ifUr 2tl ~9tJis hi11 lr> r'Jr JcI9t, roltUrlbl23u~i 5f!I
219TLJ2oo) 0 b~190f9b \0'19n9 sr;f 1L'+ 9'I f,fi2 01'i (ors $1t t!~,t ii Yllb'19,7 rb92t'~ +~j'`1 t'
l '
,~i *r~ }1{ f_.r ri-i!ICi 'din K; f" 1171i( a.
A,,16
,y ,~u t 'r , tiu- 1 ~P ~F~ ~a.•~ ~`r~~;. ~ r Y F Td„ i J .j3 .+~~?_n ~ ~~IA u q
City of Denton, Texas
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
September 30, 1978 and 1977
G - PENSION PLANS
The City par*,[clpates in a pension plan sponsored by the Texas substantil
contributory plan,
Retirement System.
except fireinen.
City employees
The City's policy i; to fund pension costs accrued, The actuarially computed
value of vested benefits of the plan as of December 31, 1977, did not exceed
assets of the fund. Total pension expense, which includes am~irtization of
prior service costs over 20 years, for the year ended September 30, was as
follows:
1978 1971
General Fund S 130,000 $ 103,000
Electric Fund 52,000 449000
Water and Sewer Fund 299000 269000
Working Capital Fund 8 O 7.000
5 2199000 $ 180,OOG
I
The firemen are covered under the Firemen's Relief and Retirement Plan of the
City. The plan is a contributory plan, with the City's portion totaling ap-
proximately $44,500 and $28,300 during 1970 Annd 1977 tiontoIspthe Cssrvicpocosts ,
to fund pension costs accrued which Inc ~
over 30 years, Thd actuarially computed valus of vested benefits of the plan
as of December 31, 1977 did not exceed the assets of the fund.
{
1
A-x1
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oS , f 1 . n r~ ~i~ i:, r~'~' f`~ ♦ 9 r 1 F i "G:r
777"f
2EYsT ,no:nq0 30 VI)
[THIS PAGE LEFT BLANK INTENTIONALLY]
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ridr, 01 to z3H`~a0o t;w+ v ~c~ ssirf5"v b5ioQ,)) ~rfcrirw :;s OT a"r66av U% 119vo
hnr~ r`1? i~ zssatF, 5,;',3 {''.S:tax9 lrrr btb ~;CQ[ ,!E 7y`nuOti ~o z6
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I I
Y
SUPPLEMENTAL INFORMATION
o° 1 1 00 1I} A"tb~i Ad'a, i
J u'01(11 {7's 8 1-~ to #rar:-9 v0,( 1
i gy FA iW1
r j(s9'ry9vU'Si'1'3I
41.2 at 0E.E w)touot1 n-al-t 63-L1-! . fa~nr,sfl aaef
naitc,E+E fdG
t-~!-,, nat?Eptfc9t7
ov.: o^ 00, fotjnaa (4do
;i),C.1U,1 tt~~-fU-S csc!••f(J..c; nG•t3NEi}fd0
eOCID,2e!~ I Eb cf-tl ea-6I-# no tjEptfdU'
natJaetfdo
J .&f L" , U
cs. 01 dr.iCVll 0Ci t, f..; lE~ m9vl~rq"~
zt,na8
- c! Esl'
dE t I
nrif3Uf,l E~io
ff, a,} C'SCi
E7(I,~+ D? f)t'.P (+ir~,(i{;,.!,f, Cf?•:CE-ri (1~t(r.%~ tiJt~bGtld(j
i 2~j6 i~f$'Y9J ~Cef
~,~~•r, OUI~,~Si oP-1o-f. FtC-f4-E noi~r,pt(61'o
~nei fcsznl 8Ul
aaa;i ;Inf,d
A49
6 R.4 . 1 1':r x.c AST ~~bL ~F. xry a' ` t A t - • t° rk yi
City of Denton, Texas
BONDS PAYABLE - ALL FUNDS
Year ended September 30, 1978
Original Percent
Issue Final amount Interest
date- maturity, of issue rates
GENERAL OBLIGATION DEBT
1960 Street
Improvement 7-15-60 7-15-85 $ 600,000 3.50 to 3.85
1962 Street
improvement 3-15-62 3-15-87 500,000 2.75 to 3.9v
1963 General
Obligation 3-15-63 3-15-88 500,000 ;.50 to 3.25
1964 General
Obligation 7-15-64 7-15-82 8001000 3.00 to 3,20
1964 Park a
lnprovement 7-15-64 7-15-82 2000000 3.00 to 3.20 r
1966 Airport
Improvement
Warrants 12-01-56 12-01-81 1139500 4.50
1966 General
Obligation 111¢;,66 1-15-86 100006000 3.301o'6.00
1967 General
Obligation 11.447 5-15-89 600,000 4.25
1968 General
Obligation 2-01-68 2-01-08 1.0000000 4.00 to 5.06
1969 General
Obligation 4-15-69 4-15-89 1,285,000 4.60 to 6.50
1970 General ,
Obligation 9-15-70 3-15-91 1,000,000 5.70 to 7.00
1974 Street
Improvement
Bonds 7.15-74 7-15-94 1,800000 5.25 to 7.25
1974 General
Obligation 7-15.75 7-15-94 985,000 5,25 to 7.25
1976 General
Obligation 4-15-76 7-15-96 2,500,000 4.50 to 6.50
1977 General
Obligation 6-01-77 6-01-97 3,000,000 4.00 to 6.00
1978 Certificates
of Obligation 3-01-73 3-01-90 1259000 5150
1978 Installment
bank note 7.01-78 6-10.81 43,276 5.50
A-60
h ErTY v x ti :u. ~ ,7 ~4 ~ si4 r rk. "T u,. r>• w t6'!r 7v ' ~ ~ P~,7
d 4 ..~'3 t i. • n. + i r a .
?bxoT 'nolnsO 16 YPO r
Maturities in
Changes - year ended September 30, 1978 year ending
October 1, eptem er , September 30, 1979
1,977 Issued Retired 1918 r Principal Interest
S 2001000. S, - E 25,000 176,000 E 259000 S Gc6',138
200400 20,000 180,000 20.000 '-~1,,373
2201000 - 20,000 200,000 209000 a 6'/040
290,000 65400'';, 2266000 60,000 GC1;9;43
70,000: I 1001000}-11 Pc601, 000 15,000 'Ili 90
cFS,? Ci7 ,}~,1+ i_If,",',1:i'a,E',I i,J•'d4)-$I N~-~'~-~ ~~E'1
49,000 - 10,000 399000 1.1530
54014'30 - 601000 802000 60,000 15,488
16000@0 - 301000 3301000 30,0,0013V3A HIM
20Ft08.
575,000 of 0%J J (1tOrr) 70C i 1 501000! 4 rjn2B;000 50,000 0211225
2~ i C1 00.E bot, ODO i 0E1- "I I -t~ 53-21' 1, SOei
$051000. 04 00.£ - n00,02a 600100001+t 44519000 60/000 t'371.495
o~.~ os 01 (410t),C3a"i, I Z38 .2I ti ~a-~I-I bael
700,000? 01 00 000,Cii+Cj,1 50;000: ; em,4000 50,000 236:AV
Qp~.s+ ryi f~0 + 6001.0 ,I Ef1-21-t SS-21-~ SWI
C~2.~r r1 u0. rti(;;,ivG,) 2,,•t:i i•C 2t-; Pte!
14504M ui 02.E - GDO,001 75 000 1;87519000 7%9000. Wg1o81 ,
1605,000 - $5,000 8101000 $6,000 45,250
21500,000 - 125,000 213751000 1251000 123,150
3,0001000 - - 39000,000 1501000 154,100
125,000 125,000 - 101313
4376,• 3,342 39,934 1318:3 51
12,0241000 $ 158,276 S 6580342 $ 11,533,934 S 818,833 S 5771400
st Soles lelsam ~ ,mss. ...1~M0
A'+k
9T F,777577'77
1 ,~'f is ~fi' r +1 . [ 1K ~ 'y .y"M rTr" 13 rkp f ? v t f r f~~n
gyp, v n l 1A 1_.~ p ..4
e
City if OInton, Texas
BONDS PAYABLE - ALL FUNDS (CONTINUED)
Year ended September.. W, 1978
y .Original P'2rC~t,c
Issue Final amount interest
date maturit of issue r=tees
ELECTRIC SYSTEM
REVENUE 8040S
X1954 11-01v-54 ' 11-0144 i $49287,000 2.15 to 2:90
1955 5-01-55 11-01-85 193SOo000 2.75 to 2.90
1955-B 11=0145 11-01-85"i 1,3879000 3.00
1961 1-01-61 11-01-90 59200,000 3.75 to 5.50
1965 1-01 f3 11-01-84 4,000,000 .50 to 5.00
1968 2-01.68 11-01-88 160009000 4.00 to 5.00
11970 ot '-9-N'40 11-01.95'3 39500,000 4.50 to 6j50
yll 1972 5-J1-72 11-0147 6,000,000 4.00 to 6.00
JE,.1974 UC,0 .c'.i b7•f.ii. 74 11-0140)I 11500,000 - 5.00 to 7,:00, Q`
1978 ~-15-78 12-01-07 19,255,000 4.60 to 5.85
{)cc,I f;[~{1R(1i l;f;G;!'i. Gpa~31GI fbr3~~,~A
83A.2I Q~JOrG3 OGD;~rl~+ O~iU,Od OGG,{~t:^
WATER AND SEWER
SYSTE?ti REVENUE), OF (100:0F'E 00010E 0001 U j.
BONDS
,'SS4960 vioc02 C7t15.60 7-:19 901,100,000 - 4.00 to 44S, i;,%
1 62 1-15-62 7-15-90 110000000 3.00 to 3.45
2441164 000too 01,4514 7-19f84)C 254,000 3.00 to ))40,c.3
1966 1.15466 7-15086 100000000 3,30 to 4.50
C,p069 UQO, 0:4>1549 7-1P$9)2 1,060,440 - 4.00 to 6;50.Kc.
1972 9-15-72 7-15-43 1,6M'V,000 4.00 to 6.00
1914 7-15-74 7-,15.98 2soOO9000 5.60 to 6,50
1,011471 000,2t c6415077,1 '1-1S42A MOOD - 4.50 to 6;"50. 0
OcS, 2P OU(), 22 CIr~GI Q1A {XJG."~ - OaO, 2
02~,ESi 00 Q,cSS Crfr(:,c~£.S
1
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DR,
'i 1Y katurites in
Chan es - ear ended Sc tember 30 1978 year ending
cto er 19 eptember 30, Se tember 30, 1979
1977 Issueo Retired 1978 Principal Interest
$ 1,5601006 $ - $ 10560,000 $ - $ - $ -
513,OOG - 513,000 - - -
553,000 - 653,000 - - -
4,170,0G0 it . . 1 ..4}1700000
.
114000000 - 11,400,000
60?,^^00 - 6009000 - - -
2,660,000 - 20660,000 - - -
5,040,000 - 5►Q40,O00 .
11450,000 - 1,44500400 - -
19,255,0Q4 _ 19,255,000 _ 1 254 8
$ /709469000 $ 190255,000 1$ 17,9w61000 $'19s2559000 $ $ 1,2540890
$ 11016,000 S $ 650000 $ 1►010>000 $ 65,000 $ 40,400
5900000 - 35,000 655,000 40,000 18,$23 1
70,000 - 101040 6010004. 100000 2,t~ 0
450,000 $01030 400.,000 0000
3019
670,000 600000 b' 0,040 ► r
1,330,a00p0 60,000 102200000 619000 64,SCO
1,96000,000 ~u 1 18 76,000 12514W
600+85,000 S $ 3551000 $ 6,230,000 5 365,000 $ 306,368
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STATISTICAL DATA 1Y': I
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Y
is ~ i.J, r-f (11A, 23 AO 300 XAT
1'lEll9'
3f:bi 1 l
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r .r, • 1 ii,"..41 3 r~i 1
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.r .u`+-afY tJ t'I: :'E 11{ '~f ~J 1;l rl lia~i~ni1~(I .121 i:.k t!~ _n.ti ~~>rrt' yilb jM~ ~~~i;n
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City of Derfton, Texas
ASSESSEn VALUATION AND TAX ASSESAEU
(Unaudited)
Year ended Assessed valuation
September r ea Personal~
property property Total Tax assessed
1969 $52,065,360 =149934,931 $ 67,000,291 $1,005,004
1970 55,417,090 15,6589946 719076,036 19066,141
1971 60,539,722 16,4069918 76,946,640 11164,199
1972 66,2309863 16,9011,390 83,132,253 11413,218
1971 76,671.409 ;18,¢Q4,3I4 959155,123 1,617,647
1974 8294099280 19,1313.560 102,222,,140 1,737,188
1975 89.883,617 22,275,049 112115817:.6 1,906,698
1976 95,135,078 28,592,085 1249327,163 2,113,561
1977 98,363,846 37,6769779 1369540,625 2,430,423
19,18 2139135,/60 58,2039469 271,339,229 3,364,606
TAX RATES
The constitutional and statutory tax rate limir,, including debt serv-
ice, is $2.60 on each $100.00 of assessed valuation, For the year ended
September 30, 19780 the City of Denton's tax rate is $1.24 on each $100.00
of assessed valuation. The assessed valuation is 60% of true estimated value,
TAX DUE DATES AND PENALTIES
Taxes are due on October 1 and become delinquert on February 1. Taxes
ma} be paid in two installments, one-half by December 31 and the balance before
March 31, Penalties due on delinquent taxes accrues February 2%, March 6%.
April 6%j and May 7%, interes• on delinquent taxes in addition to penalties
accrues at the rate of 1/2% ;2e month$ Vo discount is allowed for early pay-
ment,
A>ea
TM, r, s
W.T F,
Ci tyW, DQAtOA sITe~O$O 4
TAX ASSESSMENT 00-COLLEVIONS
(Unaudited)
Percentage
.,Collection of
cy
Total current year's ol
Year ended `lect€d
September 30 assessment* t_exgs„during year. durine,~r;; c,
1969 $1,0051004 a 9300679 92.60
1970 1,0519259 9949426, 9455,10 .
6
110S81047 §5.778
.
1911 1,135,935
1972 19409,244 1,349,462
1973 1,613,260 19543,185 95.65
1974 ;,131,452 1,6111916. ..•.96.56
4 1915 1,900,006 11813815 ,,g99th6.
1976 29107,819 2,302,758 95.23
1977 294189166
1918 3,334,341 313J,697. r(r.;,:P.r9P r:.,,ir•;,=
..?Total tax,,,levy;figures are adjust~99,a9,r4flect adjustments approved by
the City Council.
ufgm3 2L>i !"9T
r fQfG' A, JtSi GS•'F,d,E',~ct?rw~J sns'yu~nl
`rf.;r~~',? Y.", f 6f;2dw' ~ '{i f 1gbf~ a
1,F St 81 Wil
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04S-SO J at -J~,;rJS) rj:.nE7u04S-SO t.
nc,3nn] 'f'1C7Y w9ii tG
16 ~S-10 6N iY (Ii;.fL~i ~r,~l J ~JJI1b411zni
'410 VIV 'to
JS,612(31 OltFu 010 O WA.`: 'tgJnsG S:)twwu rni
I~h.lC:.Ir; CfuF~S~!-iC1111 ~~.~,C!ti,d8 t~EiG~' raEdj2 b7ratl'rr,H ~irl'f
1
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C1ty:df,Den~.otf,~Tekas~
YRSURANCE'IN'FORCE
Septem5er 30, 1978
(Unaudited)
Expiration
In a`c Company Premium Policy no. Date.
Allied Insuh nCe Company $ 47,752.33 SFC 25 40 46 10-01-79
American Indemnity Company
Jack Mcfarling Insurance 309.00 BSC 2202862 12-18-81
Atlantic ln-surance Company
Denton',lnsurance Center 20.00 90 38 88 12-31-79
Employeri'Casualty Company 17,916.00 CGL-A-558475 01-01•7?
26788.00 CAF+494478o 01-01.74
TML - Texas Employers,
InsuranA Company 96 687.80 TML-A-0103 07.01.80
Fidelity a Casualty Company
of New York - Denton
Insurance Center 11715.00 IMi 18 32 90 11.01.61
Fidelity A Casualty Company
of New York - Denton
Insurance Center 754.00 PG 2 45 45 00 02.24-79
Fidelity L Casualty Company
of New York - Denton
Insurance Center 271.00 PG 2 45 44 95 01-23-81
Fidelity & Casualty Company
of New York - Denton
Insurance Center 2,216.00 BNO 1991826
The Hartford Steam Boiler 86j170,00 HN73.14278.00 01.01.80
A'88
7 -7 T'T AT,
Amount or
Coverage limit
Fire and extended coverage on utility systems, .5.40,06$0001
buildings and contents, and newly acquired 90% coinsurance
buildings and their contents
Robbery inside premises Ip,OQMO,
Robbery outside premises 105W,
Diesel Fuel Bond 500
Public liability: General:
Bodily injury, 3001~q¢
Property damage 5,0,1 so',00~`
Automobile: pp p
Bodily injury 1~r40Q;bI~10`SOS~"
Property damage ,
Workman's Compensation As,p , i wG 1
Utility accounts receivable • destruction
of records 204009000
f: .
Comprehensiv6 - discount glass policy Total loss
Comprehensive - discount glass policy Library Total loss
Faithful performance bond: City Manager 1000000
Director of Finance 100,000
Assistant City Manager 1000000
Each Employee 2,500
General boiler and machinery 10,0001000
A49
Vrp:
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City of Denton► Texas
INSURANCE IN FORCE (CONTINUED)
September 30► 1978
(Unaudited)
expiration
insurance Companv Premium Policy nom Date
Blue Cross' Blue Shield $ 116,964.13 10=01-78
St. Paul Fire Z Marine In-
s'404rce Company - Denton "ti TAUrince Center 50.00 400 CR 8730 ` 9 ;8-79
United States Fire Insurance 441.00 SRD083015941 1-15-79
Company
r 00 03652 6-0219
)d, I s~roce Company 500.x.
In41tr,.~1'e~fer~d~~Agency, Inc. 1,100.40,i'L(11 r 13213 6-02-79
~iU~J6lntiS~r~O~ 2`h6A't'IG'~
Gu~1~ t lt~~t1'bfr~ ~ a4rance 775.00 GLA 0030348 2-02.19
Company
t1Uf,J:+U"JE7!~ CSI%,i~':t'.ti:3„i"I 2.?f~I]U5?G ~xf€}"-t'
'r;:)i l0(j i2f:'{;~ ,nl+pJZtL- 9Vf[it~t~9~`I=`?~;:J
z~a~ ft1uT
i •r; °P,'1 CI! J ~IL'.~ ?t~. rF: .}h',!riJ~ l4c3 ri 1V Q1 .i'r,rJ") -i
c2 s
000,001 'r<anr,b; ~i1J
O0U,00I ,',;rnE~~ OQ lntJzFz~A
ou,r ~~,~(aigsr3 tlar~
;rri~f,ro Ljne '10 fV1 c t
UOfi, 00o, 0i
;
AM
.aM1 7- a'e 711 1MKTT~ vl IP9 Te " y.
D
Amo int or
Coverage limit
Group Accident Sickness and Life, C overage
on all full-time employees
Faithful performance bond - t'ax Assessor Q 3U f, iIr'10,000
Group Accident Sickness and Life coverage
on all Police Reserve
Ambulance - excess third party 200,000 6 100,000
Ambulance- excess liability S00 00(0y~j6~ 1,0/~MA 000
360,P000tA, Sol IOM
01%,I nt~tibuic,', VJZ t9Ci - 9~b! )(f7
Ambul;ncg,- Qrofessional liability 100,'~00 300,00
7.~
'30!`JO z C) r,e }r~'I' nGtJ)ubc,iq `le71bW
r~l}ci;,l 2Y5fi1012UJ ~t1JJ5i3
Ln}- L't.f!9-I
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:Yj r r rr ur . r.`r f c S r rr r iCity of Benton, Texas
MIiCELLA14EOUS STATISTICAL DATA
September ~i 306)1978
STATISTICAL DATA
AS OF SEPTEMBER 309 1918
jP9,e;
Area of City 33.2 square,, 1&56
e te~nber 26
Date of Incor~oration SP 559
Tatal City Employees
(including seasonal employees)
1974
r. 43,500
(W1j rgd P99g.0 an
Tax rate • per $100 valuation 1'70 x
~S5essed valuation
Electric production (kwh) 548,587,100
2,490,026
Water production (1,000 gallons pumped)
13,023
Electric customers
X1,363
Water customers
s 4,48G,056
General Fund revenue
4,219,854 '
General Fund expenditures
Av?t
197 1976 1977 1918
439700 46,800 479900 51,500
1,70 1.70 1.78 1,24
112,158,726 $ 124027,163 S 136,540,625 S 271,3399229
512,237,100 524,041,400 4919115,600 322,699 480
2,633043 2,655,687 3,000,770 3,069,238
13,289 139986 14,620 16,323
11,591 12,013 12027 12,787
$ 4,904,169 $ 5,269,098 S 6,194,657 $ 71982,748
$ 4,804,176 $ 5,5809779 $ 6,131,801 $ 1,798455
A-93