HomeMy WebLinkAboutFY 2013-2014 -- Comprehensive Annual Financial ReportCITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014
PREPARED BY THE
CITY OF COLLEGE STATION FISCAL SERVICES DEPARTMENT
JEFF KERSTEN, ASSISTANT CITY MANAGER
BUDGET & FINANCIAL REPORTING DIVISION
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014
Table of Contents
Page
INTRODUCTORY SECTION
Letter of Transmittal ................................................................................................................................................................ 1
City Organization ..................................................................................................................................................................... 8
Principal City Officials ............................................................................................................................................................. 9
GFOA Certificate of Achievement for Excellence in Financial Reporting ............................................................................. 10
FINANCIAL SECTION
Independent Auditors’ Report ............................................................................................................................................... 11
Management’s Discussion and Analysis (Unaudited) ....................................................................................................... 14
Basic Financial Statements:
Government - Wide Financial Statements:
Statement of Net Position ........................................................................................................................... 30
Statement of Activities ................................................................................................................................. 31
Fund Financial Statements:
Balance Sheet – Governmental Funds ....................................................................................................... 32
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position ................................................................................................................. 33
Statement of Revenues, Expenditures and Changes
in Fund Balances – Governmental Funds................................................................................................... 34
Reconciliation of the Statement of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities ................................................... 35
Statement of Net Position – Proprietary Funds .......................................................................................... 36
Statement of Revenues, Expenses, and Changes
in Net Position – Proprietary Funds ............................................................................................................ 37
Statement of Cash Flows – Proprietary Funds ........................................................................................... 38
Notes to the Financial Statements ........................................................................................................................... 39
Required Supplementary Information:
Schedule of Funding Progress – Texas Municipal Retirement System ................................................................... 67
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014
Table of Contents-continued
Page
Schedule of Funding Progress – City of College Station Employees
Other Post Employment Benefits Plan ..................................................................................................................... 68
Schedule of Revenues, Expenditures, and Changes in Fund
Balance, Budget and Actual – General Fund(s) ...................................................................................................... 69
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Combining Balance Sheet – General Fund(s) ........................................................................................... 71
Combining Statement of Revenues, Expenditures, and Changes
In Fund Balance – General Fund(s) ........................................................................................................... 72
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget
and Actual:
General Fund(s):
General Fund .................................................................................................................... 73
Economic Development Fund ........................................................................................... 74
Efficiency Time Payment Fund ......................................................................................... 75
Chimney Hill Fund ............................................................................................................. 76
Combining Balance Sheet – Nonmajor Governmental Funds .................................................................... 79
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balance – Nonmajor Governmental Funds .................................................................................... 81
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget
and Actual:
Special Revenue Funds:
Court Technology Fee Fund ............................................................................................. 83
Court Security Fee Fund ................................................................................................... 84
Juvenile Case Manager Fee Fund .................................................................................... 85
Police Seizure Fund .......................................................................................................... 86
Memorial Cemetery Fund ................................................................................................. 87
Memorial Cemetery Endowment Fund ............................................................................. 88
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014
Table of Contents-continued
Page
Texas Ave Cemetery Endowment Fund ........................................................................... 89
Hotel Tax Fund.................................................................................................................. 90
Community Development Fund ........................................................................................ 91
Wolf Pen Creek (WPC) TIF Fund ..................................................................................... 92
Parks Escrow Fund ........................................................................................................... 93
Drainage Projects Fund .................................................................................................... 94
Recreation Fund................................................................................................................ 95
West Medical District Tax Increment Reinvestment Zone No. 18 Fund ........................... 96
East Medical District Tax Increment Reinvestment Zone No. 19 Fund ............................ 97
Public, Educational, and Governmental Access Channel Fee Fund ................................ 98
Capital Projects Funds:
General Government Projects Fund ................................................................................. 99
Parks and Recreation Projects Fund .............................................................................. 100
Debt Service Fund ....................................................................................................................... 101
Streets Projects Fund................................................................................................................... 102
Nonmajor Enterprise Funds:
Combining Statement of Net Position ....................................................................................................... 104
Combining Statement of Revenues, Expenses, and Changes in Net Position ........................................ 105
Combining Statement of Cash Flows ........................................................................................................ 106
Internal Service Funds:
Combining Statement of Net Position ....................................................................................................... 108
Combining Statement of Revenues, Expenses, and Changes in Net Position ........................................ 109
Combining Statement of Cash Flows ........................................................................................................ 110
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014
Table of Contents-continued
Page
STATISTICAL SECTION:
Net Position by Component ................................................................................................................................... 112
Changes in Net Position ........................................................................................................................................ 113
Program Revenues by Function/Program.............................................................................................................. 115
Fund Balances, Governmental Funds ................................................................................................................... 116
Changes in Fund Balances, Governmental Funds ................................................................................................ 117
Tax Revenue by Source, Governmental Funds ..................................................................................................... 119
Assessed Value and Estimated Actual Value of Taxable Property ....................................................................... 120
Direct and Overlapping Property Tax Rates ......................................................................................................... 121
Principal Property Taxpayers ................................................................................................................................. 122
Property Tax Levies and Collections .................................................................................................................... 123
Taxable Sales by Category .................................................................................................................................... 124
Direct and Overlapping Sales Tax Rates ............................................................................................................... 125
Sales Tax Revenue Payers by Industry ................................................................................................................ 126
Outstanding Debt by Type ..................................................................................................................................... 127
Ratios of Net General Bonded Debt Outstanding .................................................................................................. 128
Direct and Overlapping Governmental Activities Debt ........................................................................................... 129
Legal Debt Margin Information ............................................................................................................................... 130
Pledged-Revenue Coverage .................................................................................................................................. 131
Demographic and Economic Statistics .................................................................................................................. 132
Principal Area Employers ....................................................................................................................................... 133
Full-Time-Equivalent City Government Employees by Function/Program ............................................................ 134
Operating Indicators by Function/Program ............................................................................................................ 135
Capital Asset Statistics by Function/Program ........................................................................................................ 137
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Financial Statements of the City include all government activities, organizations and functions for
which the City is financially responsible as defined by the Governmental Accounting Standards
Board. Based on these criteria, no other governmental organizations are included in this report.
For additional information on the reporting entity, refer to Note I-A in the basic financial statements.
Services Provided
The City provides its citizens those services that have proven to be necessary and meaningful and
which the City can provide at the least cost. Major services provided under general government
and enterprise functions are: police and fire protection, emergency medical service, electric
services, water and wastewater services, sanitation services, parks and recreation facilities, library
services, street improvements and general administrative services. Internal services of the City,
accounted for on a cost reimbursement basis, are fleet services, equipment replacement, utility
customer service, risk management, employee health, workers’ compensation and unemployment
coverage.
Accounting System and Budgetary Control
The City's accounting records for general governmental operations are maintained on a modified
accrual basis, with the revenues recorded when available and measurable, and expenditures
recorded when the services or goods are received and the liabilities incurred. Accounting records
for the City's utilities and other proprietary activities are maintained on a full accrual basis with
revenues recorded when earned and expenses recorded as goods or services are provided to the
user.
In developing and maintaining the City's accounting system, consideration is given to the adequacy
of the internal control structure. Internal accounting controls are designed to provide reasonable,
but not absolute, assurance regarding: (1) the safeguarding of assets against loss from
unauthorized use or disposition, and (2) the reliability of financial records for preparing financial
statements and maintaining accountability for assets. The concept of reasonable assurance
recognizes that (1) the cost of a control should not exceed the benefits likely to be derived, and (2)
the evaluation of costs and benefits requires estimates and judgments by management.
All internal accounting control evaluations occur within the above framework. We believe that the
City's internal accounting controls adequately safeguard assets and provide reasonable assurance
of proper recording of financial transactions.
The City charter provides that the City Council shall adopt the annual budget prepared by City
Management as revised by the City Council. This budget is reviewed and revised by the City
Council and is formally adopted by the passage of a budget ordinance. The City Manager is
authorized to transfer budgeted amounts between line items and departments within all funds other
than the General Fund. The City Council must authorize transfers between General Fund
departments and all increases in total spending in any fund.
Budgetary control over spending is at the department level within the City's General Fund and at
the individual fund appropriation in all other funds. The City's departments have direct access to
review budgets as often as necessary. Monthly closing reports are prepared and reviewed by
management showing revenues, expenditures, and balance sheets. Summarized financial reports
and budget reports are prepared on a quarterly basis.
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3
4
5
6
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City
Manager
Fire / EOC
Police
Community
Services
Human
Resources
Intergov’t
Relations
Planning &
Development
Engineering
Public Works
Water Services
Electric Utility
Parks and
Recreation
Utility
Customer
Services
Budget &
Financial
Reporting
Purchasing
Accounting &
Treasury
Operations
Municipal
Court
Fiscal
Services
Strategic
Planning
Information
Technology
Citizens of
College Station
City
Secretary
Municipal
Judge
Internal
Auditor
Appointed Boards
and Commissions
Technology
Services
E-GOV
Business
Services
GIS
Communications
Network
Services
Admin
City
Attorney
Mayor and
Council
Deputy
City Manager
Assistant City
Manager
Assistant City
Manager
Marketing & Public
Communications
Economic
Development
CITY ORGANIZATION 8
City of College Station, Texas
Fiscal Year 2014
September 30, 2014
Principal City Officials
Elected Officials
Mayor ................................................................................................................................................................... Nancy Berry
City Council Place 1 ............................................................................................................................................ Blanche Brick
City Council Place 2 ............................................................................................................................................ Steve Aldrich
City Council Place 3/Mayor Pro Tem................................................................................................................... Karl Mooney
City Council Place 4 ............................................................................................................................................. John Nichols
City Council Place 5 .............................................................................................................................................. Julie Schultz
City Council Place 6 ......................................................................................................................................... James Benham
City Administration
City Manager ...................................................................................................................................................... Kelly Templin
Deputy City Manager ........................................................................................................................................ Chuck Gilman
Assistant City Manager ........................................................................................................................................ Jeff Kersten
Assistant City Manager ........................................................................................................................................... Jeff Capps
Director of Planning and Development Services ............................................................................................... Lance Simms
Director of Public Communications .......................................................................................................................... Jay Socol
Director of Water Services Department ......................................................................................................... David Coleman
Director of Electric Utility ................................................................................................................................ Timothy Crabb
Chief of Police ................................................................................................................................................ Scott McCollum
Fire Chief ................................................................................................................................................................... Eric Hurt
Director of Public Works ................................................................................................................................ Donald Harmon
Director of Parks and Recreation ...................................................................................................................... David Schmitz
Director of Information Technology ...................................................................................................................... Ben Roper
Director of Human Resources .............................................................................................................................. Alison Pond
Director of Community Services .......................................................................................................................... Debbie Eller
City Attorney ................................................................................................................................................... Carla Robinson
City Secretary .............................................................................................................................................. Sherry Mashburn
Internal Auditor ......................................................................................................................................................... Ty Elliott
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INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and
Members of the City Council of
The City of College Station, Texas
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-
type activities, each major fund, and the aggregate remaining fund information of the City of College
Station, Texas (the “City”) as of and for the year ended September 30, 2014, and the related notes to the
financial statements, which collectively comprise the City’s basic financial statements as listed in the
table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
11
error. In making those risk assessments, the auditor considers internal control relevant to the entity’s
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating
the appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, each major fund,
and the aggregate remaining fund information of the City, as of September 30, 2014, and the respective
changes in financial position, and, where applicable, cash flows thereof for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s
discussion and analysis and budgetary comparison information on pages 14–29 and 67–69 be presented
to supplement the basic financial statements. Such information, although not a part of the basic financial
statements, is required by the Governmental Accounting Standards Board, who considers it to be an
essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United
States of America, which consisted of inquiries of management about the methods of preparing the
information and comparing the information for consistency with management’s responses to our
inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic
financial statements. We do not express an opinion or provide any assurance on the information because
the limited procedures do not provide us with sufficient evidence to express an opinion or provide any
assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City’s basic financial statements. The introductory section, combining and
individual nonmajor fund financial statements, and statistical section, are resented for purposes of
additional analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements and the related budgetary comparison
schedules are the responsibility of management and were derived from and relate directly to the
underlying accounting and other records used to prepare the basic financial statements. Such information
has been subjected to the auditing procedures applied in the audit of the basic financial statements and
certain additional procedures, including comparing and reconciling such information directly to the
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underlying accounting and other records used to prepare the basic financial statements or to the basic
financial statements themselves, and other additional procedures in accordance with auditing standards
generally accepted in the United States of America. In our opinion, the combining and individual
nonmajor fund financial statements and the related budgetary comparison schedules are fairly stated in
all material respects in relation to the basic financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in
the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 13,
2015 on our consideration of the City’s internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on
internal control over financial reporting or on compliance. That report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the City’s internal control
over financial reporting and compliance. In accordance with OMB Circular A-133, we have also issued
our report dated March 13, 2015 on compliance for each major program and on internal control over
compliance. This report and the results of testing of internal control and compliance for each major
program can be found in the Compliance and Single Audit Reports for the year ended September 30,
2014.
Bryan, Texas
March 13, 2015
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Ingram, Wallis & Company, P.C.
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
This section of the City of College Station’s (the “City”) Comprehensive Annual Financial Report presents
a narrative overview and analysis of the financial activities of the City for the fiscal year ended September
30, 2014. We encourage readers to consider the information presented here in conjunction with additional
information that we have furnished in our letter of transmittal.
FINANCIAL HIGHLIGHTS
•The assets and deferred outflows of resources of the
City exceeded its liabilities and deferred inflows of
resources at the close of the most recent Fiscal year
by $445,660,563 (net position). Of this amount
$138,278,178 (unrestricted net assets) may be used
to meet the government’s ongoing obligations to
citizens and creditors.
•The City’s total net position increased by $6,985,486
during the fiscal year.
•At the close of the current fiscal year, the City’s
governmental funds reported combined ending fund
balances of $89,853,708 an increase of $23,924,272
when compared to the prior year. This increase is
primarily due to the proceeds from the issuance of
bonds and certificates for capital projects that have
not been expended.
•Approximately 20.8 percent of the combined
governmental funds ending fund balance, or
$18,722,265 are available for spending at the City’s
discretion (unassigned fund balance).
•The City’s total amount of outstanding debt is
$266,985,000 which is a net increase of $25,095,000
over last year. This increase is comprised of several
factors: the issuance of general obligation
improvement bonds and certificates of obligation for
new projects; refunding of general obligation
improvement bonds, certificates of obligation, and
utility revenue bonds; and retirement of general
obligation improvement bonds, certificates of
obligation and utility revenue bonds. Details can be
found in the notes to the financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City’s basic financial
statements. The City’s basic financial statements are comprised of three components:
(1) Government-wide financial statements
(2) Fund financial statements
(3) Notes to the financial statements.
This report also contains other supplementary information in addition to the basic financial statements
themselves.
City of College Station, Texas
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Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
The following diagram illustrates the relationship between the different components of this report:
Relationship Between Comprehensive
Annual Financial Report (CAFR)
and
Basic Financial Statements and
Required Supplementary Information (RSI)
General information on the government
structure, services, and environment
Page 1-10
Management’s Discussion and Analysis
Pages 14-29
Government-Wide Financial Statements
Pages 30-31
Governmental Fund Financial Statements
Pages 32-35
Proprietary Fund Financial Statements
Pages 36-38
Notes to the Financial Statements
Pages 39-66
Additional Required Supplementary Information
Pages 67-69
Information on individual funds and other
supplementary information not required by GAAP
Pages 70-110
Trend Data and Non-financial Data
Pages 111-137
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the
City’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all of the City’s assets and liabilities, and deferred
inflows/outflows of resources with the differences reported as net position. Over time, increases or
decreases in net position may serve as a useful indicator of whether or not the financial position of the City
is improving or deteriorating.
Introductory
Section
Basic
Financial
Statements
And
RSI
Financial
Section
Statistical
Section
City of College Station, Texas
15
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
The statement of activities presents information showing how the City’s net position changed during the
most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise
to the change occurs, regardless of the timing of related cash flows. Thus revenues and expenses are
reported in this statement for some items that will only result in cash flows in future fiscal periods, such as
revenues pertaining to uncollected taxes and expenses pertaining to earned but unused vacation.
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The governmental activities of the City include general government, fiscal services, police,
information technology, planning and development, fire, streets, drainage, traffic, park and recreation, and
citizen and neighborhood resources. The business-type activities of the City include electric, water,
wastewater, sanitation, and the Northgate parking garage. The government-wide financial statements can
be found on pages 30-31.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The City, like other state and local governments, uses fund
accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds
of the City can be divided into governmental funds and proprietary funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental
activities in the government-wide financial statements. However, unlike the government-wide financial
statements, governmental fund financial statements focus on near-term inflows and outflows of spendable
resources as well as on balances of spendable resources available at the end of the fiscal year. Such
information may be useful in determining what financial resources are available in the near future to finance
the City‘s programs.
Because the focus of governmental funds is narrower than that of government-wide financial statements, it
is useful to compare the information presented for governmental funds with similar information presented
for governmental activities in the government-wide financial statements. By doing so, readers may better
understand the long-term impact of the government’s near-term financing decisions. Both the governmental
fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund
balances provide a reconciliation to facilitate this comparison between governmental funds and
governmental activities.
The City maintains several individual governmental funds organized according to their type (special
revenue, debt service and capital projects). Information is presented separately in the governmental fund
balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund
balances for the General Fund, Debt Service Fund and Streets Projects Fund, all of which are considered
to be major funds. Data from the remaining governmental funds are combined into a single, aggregated
presentation. Individual fund data for each of the nonmajor governmental funds is provided in the form of
combining statements elsewhere in this report. The governmental fund financial statements can be found
on pages 32-35.
The City adopts an annual appropriated budget for its General Fund, Debt Service Fund, Special Revenue
Funds, and Capital Projects Funds. A budgetary comparison statement has been provided for the General
Fund, Debt Service Fund, Special Revenue Funds and Capital Projects Funds to demonstrate compliance
with their budgets.
City of College Station, Texas
16
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
Proprietary Funds
Proprietary funds are generally used to account for services for which the City charges customers—either
outside customers or internal units or departments of the City. Proprietary funds provide the same type of
information as shown in the government-wide financial statements, only in more detail. The City maintains
the following two types of proprietary funds:
Enterprise funds are used to report the same functions presented as business-type activities in
the government-wide financial statements. The City uses enterprise funds to account for the
operations of the electric, water, wastewater, sanitation, and parking activities of the City. The
Electric, Water, and Wastewater funds are considered to be major funds of the City, while the
remaining funds (Sanitation and Northgate Parking Garage) are presented in aggregate as
nonmajor enterprise funds. Individual fund data for the nonmajor enterprise funds can be found in
the form of combining statements elsewhere in this report.
Internal service funds are used to report activities that provide supplies and services for certain
City programs and activities. The City uses internal service funds to account for fleet maintenance
and utility customer services. It also uses internal service funds to account for equipment
replacement; employee benefits; and unemployment, workers’ compensation, and property and
casualty insurance. All of these services benefit both the governmental activities and the business-
type activities and have been split between governmental activities and business type activities in
the government-wide financial statements. The internal service funds are combined into a single,
aggregated presentation in the proprietary fund financial statements. Individual fund data for the
internal service funds is provided in the form of combining statements elsewhere in this report.
The proprietary fund financial statements can be found on pages 36-38.
Notes to the Financial Statements
The notes to the financial statements provide additional information that is essential to a full understanding
of the data provided in the government-wide and fund financial statements. The notes to the financial
statements can be found on pages 39-66.
Required Supplementary Information
In addition to the basic financial statements and accompanying notes, this report presents certain required
supplementary information, found on pages 67-69, concerning the City’s progress in funding its obligation
to provide pension benefits and other postemployment benefits to its employees and the General Fund
budget to actual comparison.
Combining Statements
The combining statements referred to earlier in connection with the nonmajor governmental funds, the
nonmajor enterprise funds, and the internal service funds are found on pages 70-110.
GOVERNMENT-WIDE FINANCIAL ANYALYSIS
As noted earlier, net position may serve as a useful indicator of government’s financial position. For the
City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by
$445,660,563 at the close of the most recent fiscal year. The largest portion of the City’s net position (65.1
percent) reflects its investment of $290,192,976 in capital assets (e.g., land, buildings, and equipment) less
any related outstanding debt used to acquire those assets. The City uses these capital assets to provide
services to citizens; consequently, these assets are not available for future spending. Although the City’s
investment in its capital assets is reported net of related debt, it should be noted that the resources needed
to repay this debt must be provided from other sources, since the capital assets themselves cannot be
liquidated for these liabilities.
City of College Station, Texas
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Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
An additional portion of the City’s net position, $17,189,409 (3.9 percent) represents resources that are
subject to external restriction on how they may be used. The remaining balance of unrestricted net assets,
$138,278,178 (31.0 percent) may be used to meet the government’s ongoing obligations to citizens and
creditors. At the end of the current fiscal year, the City was able to report positive balances in all three
categories of net position, both for the government as a whole, as well as for the business-type activities.
The same situation held true for the prior fiscal year. The City’s net position increased by $6,401,992 as a
result of fiscal year 2014 operations, as compared to the increase of $16,506,701 for fiscal year 2013
operations.
The following table provides a summary of the City’s operations for the year ended September 30, 2014
and highlights key elements of the change in the City’s net position:
Net Position Governmental Activities Business-Type Activities Total
2014 2013 2014 2013 2014 2013
Assets
Current and other assets 115,781,965$ 92,398,592$ 93,835,128$ 88,070,772$ 209,617,093$ 180,469,364$
Capital assets 242,769,318 242,046,195 326,611,683 319,523,837 569,381,001 561,570,032
Total assets 358,551,283 334,444,787 420,446,811 407,594,609 778,998,094 742,039,396
Total deferred outflow
of resources 1,732,893 1,430,043 1,361,244 1,733,009 3,094,137 3,163,052
Liabilities
Long-term liabilities
outstanding 123,373,071 105,277,452 157,936,201 142,438,144 281,309,272 247,715,596
Other liabilities 19,787,860 19,666,305 35,334,536 39,145,470 55,122,396 58,811,775
Total liabilities 143,160,931 124,943,757 193,270,737 181,583,614 336,431,668 306,527,371
Net Position
Invested in capital assets,
net of related debt 125,012,201 153,214,549 165,180,775 189,315,182 290,192,976 342,529,731
Restricted 15,608,417 16,751,846 1,580,992 1,580,992 17,189,409 18,332,838
Unrestricted 76,502,627 40,964,678 61,775,551 36,847,830 138,278,178 77,812,508
Total net position 217,123,245$ 210,931,073$ 228,537,318$ 227,744,004$ 445,660,563$ 438,675,077$
City of College Station, Texas
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Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
Governmental Activities: Governmental activities increased the City of College Station’s net position by
$5,608,678. Key elements of this net increase are as follows:
•Sales and mixed beverage taxes increased 7.0% over the prior year reflecting continued strength
in the local economy. All of the other governmental activity revenues increased 10.8 % over the
prior year.
•Expenditures increased 12.3% over the prior year in part as a result of additional public safety and
public works capital expenditures in 2014.
Changes in Net Position:Governmental Activities Business-Type Activities Total
Revenues 2014 2013 2014 2013 2014 2013
Program revenues:
Charges for services 12,248,313$ 11,869,339$ 135,551,100$ 134,519,144$ 147,799,413$ 146,388,483$
Operating grants and contributions 3,234,317 1,753,970 291,366 982 3,525,683 1,754,952
Capital grants and contributions 7,404,520 7,016,449 7,309,230 5,345,176 14,713,750 12,361,625
General revenues:
Property taxes 27,349,234 26,451,943 - - 27,349,234 26,451,943
Sales and mixed beverage taxes 25,141,825 23,506,772 - - 25,141,825 23,506,772
Other taxes 7,535,152 6,602,958 - - 7,535,152 6,602,958
Gain on sale of Capital Assets 1,827,783 - - - 1,827,783 -
Interest and investment income 195,863 252,308 120,006 174,170 315,869 426,478
Total revenues 84,937,007 77,453,739 143,271,702 140,039,472 228,208,709 217,493,211
Expenses
General government 9,602,139 9,167,476 - - 9,602,139 9,167,476
Fiscal services 3,419,923 3,263,269 - - 3,419,923 3,263,269
Police 17,768,724 16,831,233 - - 17,768,724 16,831,233
Fire 14,245,690 13,748,434 - - 14,245,690 13,748,434
Planning & development svcs 5,012,992 4,334,608 - - 5,012,992 4,334,608
Public works 21,348,088 15,371,773 - - 21,348,088 15,371,773
Capital projects 731,621 733,974 - - 731,621 733,974
Parks & recreation 9,197,308 8,983,919 - - 9,197,308 8,983,919
Library 1,149,616 1,064,293 - - 1,149,616 1,064,293
Information technology 4,663,939 4,565,385 - - 4,663,939 4,565,385
Interest on long term debt 3,962,347 2,949,240 - - 3,962,347 2,949,240
Unallocated depreciation 1,161,675 1,146,119 - - 1,161,675 1,146,119
Electric utility - - 98,269,576 88,438,115 98,269,576 88,438,115
Water utility - - 11,517,915 11,662,862 11,517,915 11,662,862
Wastewater utility - - 11,205,770 11,370,918 11,205,770 11,370,918
Sanitation services - - 7,497,493 6,301,053 7,497,493 6,301,053
Parking operations - - 1,051,901 1,053,839 1,051,901 1,053,839
Total expenses 92,264,062 82,159,723 129,542,655 118,826,787 221,806,717 200,986,510
Incr (Decr) in net position before transfers (7,327,055) (4,705,984) 13,729,047 21,212,685 6,401,992 16,506,701
Transfers net 12,935,733 12,039,798 (12,935,733) (12,039,798) - -
Increase in net position 5,608,678 7,333,814 793,314 9,172,887 6,401,992 16,506,701
Net position at beginning of year 210,931,073 202,547,398 227,744,004 219,302,714 438,675,077 421,850,112
Prior period adjustment 583,494 1,049,861 (731,597) 583,494 318,264
Net position at end of year 217,123,245$ 210,931,073$ 228,537,318$ 227,744,004$ 445,660,563$ 438,675,077$
City of College Station, Texas
19
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
The chart below illustrates the City’s governmental activities revenues by source:
This chart depicts governmental activity program revenues relative to program expenses:
Property Taxes
32.2%
Sales and Mixed
Beverage Tax
29.6%
Other Taxes
8.9%
Charges for
Services
14.4%
Capital, Grants
Contrib
8.7%
Misc
6.2%
Governmental Activities Revenue By Source
$84,937,007
-
4,000,000
8,000,000
12,000,000
16,000,000
20,000,000
24,000,000
Gen'l
Gov't
Fiscal Svcs Police Fire Plan &
Dev
Public
Works
Parks &
Rec
Inform
Tech
Other
Governmental Activities Program Revenue and Expense
Revenue Expenses
City of College Station, Texas
20
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
Business-type Activities: Business-type activities increased the City of College Station’s net position
by $793,314. Key elements of this increase are as follows:
•Due in part to higher purchased power costs, utility expenses were higher than last year by
$10,715,868.
•Capital infrastructure contributions from various developments throughout the City contributed
$7,309,230 to the net position.
Revenues for the City’s business-type activities are presented in the following chart:
This chart depicts business-type activity program revenues relative to program expenses:
Charges for Services
94.6%
Grants &
Contributions
5.3%
Other
0.1%
Business-type Revenue
$143,271,702
-
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
Electric Water Wastewater Sanitation Parking
Business-type Program Revenue and Expense
Revenue Expenses
City of College Station, Texas
21
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As noted previously, the City uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental Funds
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and
balances of resources that are available for spending. Such information is useful in assessing the City’s
financing requirements. In particular, unassigned fund balance may serve as a useful measure of a
government’s net resources available for spending at the end of the fiscal year. The types of major
governmental funds reported by the City include the General Fund, Debt Service Fund, and Streets Projects
Fund. Other governmental funds of the City are reported as nonmajor funds.
At of the end of the fiscal year 2014, the City’s governmental funds reported combined ending fund balances
of $89,853,708. Approximately 20.8 percent ($18,722,265) of this total amount constitutes unassigned fund
balance and is available for spending at the City’s discretion. The remainder of fund balance is reserved to
indicate that it is not available for new spending because it has already been committed as follows:
Nonspendable $ 6,550,102
Restricted $ 58,993,882
Committed $ 4,130,069
Assigned $ 1,457,390
A detailed breakdown of the fund balance can be found in Note IV. I. Components of Fund Balances.
Revenues for governmental functions totaled $75,931,411 in fiscal year ended September 30, 2014, an
increase of 8.3 percent or $5,791,063 from the fiscal year ended September 30, 2013.
Expenditures for governmental functions totaling $95,836,960 increased by approximately 8.4 percent or
$7,392,724 from the fiscal year ended September 30, 2013. Other financing sources and uses (net) was
$43,829,821. As a result, in fiscal year 2014, revenues for governmental functions exceeded expenditures
by $23,924,272. Most of this increase was the result of the issuance of bonds and certificates for capital
projects that were not expended during the year.
The General Fund is the chief operating fund of the City of College Station. At the end of the current fiscal
year, the unassigned fund balance was $18,722,265 while the total fund balance was $20,244,249. The
City’s fiscal and budgetary policies require that the General Fund’s fund balance be at least equal to 15
percent of budgeted expenditures, a percentage equal to 55 days of expenditures. The total fund balance
is approximately 29.6 percent of fiscal year 2014 amended budgeted expenditures and exceeds the
minimum requirement set by policy.
As a measure of fund’s liquidity, it is useful to compare both unassigned and total fund balance to total fund
actual expenditures. Unassigned fund balance represents 28.5 percent of total general fund expenditures,
while total fund balance represents 30.8 percent of total general fund expenditures. The total fund balance
for the general fund continues to meet and exceed the Fiscal and Budgetary Policy of having 15 percent of
expenditures available in fund balance.
The General Fund’s fund balance increased by $4,318,717 during the current fiscal year due primarily to
the recognition of proceeds from the sale of real property.
The Debt Service Fund ended the fiscal year with a fund balance of $3,214,434. This entire amount is
reserved for the payment of debt service. The net decrease in fund balance during the current fiscal year
was $218,821. This decrease is due to a planned reduction in the fund balance.
City of College Station, Texas
22
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
The Streets Projects Fund ended the fiscal year with a balance of $23,569,205. This entire amount is
reserved for encumbrances related to current capital projects and for future capital projects. The net
increase in fund balance during the current fiscal year was $10,031,889. This increase was attributable to
bond proceeds that were issued during this fiscal year.
Proprietary Funds
The City’s proprietary funds provide the same type of information found in the government-wide financial
statements but in more detail.
At the end of the current fiscal year, the City’s proprietary funds reported combined ending net position of
$228,537,318. Of this amount, 27.0 percent ($61,775,551) constitutes unrestricted net position. The
remainder of net position for the proprietary funds is reported as follows:
•Invested in capital assets, net related debt ($165,180,775) and
•Restricted for debt service ($1,580,992).
Operating revenues for proprietary activities totaled $135,426,657 for the fiscal year, an increase of 0.9
percent or $1,209,533 from the previous fiscal year. Operating expenses increased $10,304,651 or 9.2
percent for the same period. Operating income was $13,185,294 for the fiscal year. The proprietary funds
reported net non-operating expenses of $6,602,314 at the end of fiscal year 2014 as compared to net non-
operating expenses of $7,286,491 in the previous fiscal year. The Proprietary Funds had an overall
increase of $793,314 in net position for fiscal year 2014.
Electric Fund
At the end of the fiscal year, the unrestricted net position for the Electric Fund totaled $13,293,957. The
City’s policy with regard to its enterprise funds is to maintain at least 15 percent of annual operating
expenses in working capital, a percentage equal to 55 days of expenses. At September 30, 2014, Electric
Fund working capital equaled approximately 11.5 percent of annual operating expenses, as compared to
20 percent at September 30, 2013. This reduction was due to increased purchased power expenses in
2014.
Electric Fund operating revenues increased by 2.3 percent ($2,216,457) during fiscal year 2014, while
operating expenses increased 11.5 percent ($9,838,258) during the same period. This resulted in operating
income of $2,671,877. The operating income when combined with the net non-operating expenses, net
capital contributions and transfers resulted in a decrease in net position of $5,975,317 in the Electric Fund
during the fiscal year.
Water Fund
Unrestricted net position for the Water Fund at September 30, 2014 totaled $13,177,553. Water Fund
operating revenues decreased by 10.6 percent ($1,662,254) during fiscal year 2014. Operating expenses
of $9,199,566 increased 2.3 percent ($202,443) over fiscal year 2013. This resulted in operating income of
$4,750,605. The operating income when combined with the net non-operating expenses, net capital
contributions and transfers resulted in an increase in net position of $1,601,921 in the Water Fund during
the fiscal year.
Wastewater Fund
The Wastewater Fund’s unrestricted net position at the end of the fiscal year 2014 totaled $17,568,138.
The Wastewater Fund ended the fiscal year with a working capital balance of $15,717,801 which was 188.5
percent higher than fiscal year 2013.
Operating revenues in Wastewater Fund were $14,394,551 or $17,474 (0.1 percent) decrease over the
previous fiscal year. Operating expenses decreased from $9,867,309 to $9,721,259 or 1.5 percent while
operating income increased by 2.8 percent from $4,544,716 to 4,673,292. The operating income when
City of College Station, Texas
23
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
combined with the net non-operating expenses, net capital contributions and transfers resulted in an
increase in net position of $3,413,503 in the Wastewater Fund during the fiscal year.
Budgetary Highlights
The final amended budget for fiscal year 2014 totaled $271,051,823 for all funds. In the General Fund the
final amended budget showed a decrease in fund balance of $5,695,703. The actual change in fund
balance was an increase of $4,318,717. The following are some of the key factors in the change in fund
balance:
•Revenues were higher than the estimate due to increases in sales tax revenues.
•Expenditures were overall lower due to reduced and deferred spending during the fiscal year.
Some expenditures planned for 2014 will occur in 2015.
•Sale of capital assets reflected the sale of real property that was not anticipated in the budget.
Strategic planning is a driving force in the preparation of the City’s budget. The City Council has identified
the following areas of strategic priority:
•Good Governance
•Financially Sustainable City
•Providing Core Services and Infrastructure
•Neighborhood Integrity
•Diverse Growing Economy
•Improving Mobility
•Sustainable City
Budget resources were included in the fiscal year 2014 to address these priorities.
C APITAL ASSETS
The City of College Station’s investment in capital assets for its governmental and business-type activities
as of September 30, 2014 amounted to $569,381,001 (net of accumulated depreciation). This investment
in capital assets includes land, utility systems, building and building improvements, improvements other
than buildings, machinery and equipment, infrastructure, and construction in progress.
Capital Assets at Year End
Net of Accumulated Depreciation
Governmental Business-Type
Activities Activities Total
Land 40,666,933$ 690,750$ 41,357,683$
Utility systems - 275,315,646 275,315,646
Buildings and other improvements 29,821,789 3,902,355 33,724,144
Improvements other than buildings 21,736,343 - 21,736,343
Machinery and equipment 10,485,682 3,411,796 13,897,478
Infrastructure 128,572,314 - 128,572,314
Construction in progress 11,486,257 43,291,136 54,777,393
242,769,318$ 326,611,683$ 569,381,001$
City of College Station, Texas
24
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
Major capital projects completed by the City during the 2014 fiscal year include the following:
o Bird Pond Road Rehabilitation
o Health Science Center Parkway Roadway
o Texas Avenue @ University Drive Signal Reconstruction
o FM 2818 School Zone Signalization
o Hike and Bike Trail Phase II
o Wolf Pen Creek Erosion Control Phase I
o Skate Park Restrooms
o Creek View Park
o Carter Crossing Park Improvements
o Arboretum Bridge Replacement
o Synthetic Athletic Fields at Veterans Park
o Northgate Electric Substation
o Electric Switch Station Upgrade and Entergy Tie-In
o Health Science Center Parkway Water Line
o Dowling Rd Pump Station – 5 MG Ground Storage Tank Rehab
o Carter Creek Wastewater Treatment Plant Improvements
o Lick Creek Wastewater Treatment Plant Improvements
o Bee Creek Parallel Sewer Trunk Line Phase I
o Electronic Storage Upgrade
Additional information on the City’s capital assets can be found in Note IV.C to the financial statements.
Debt Administration
At the end of the 2014 fiscal year, the City of College Station had total debt outstanding of $266,985,000.
Of this amount, $252,065,000 (94.4 percent) is comprised of debt backed by the full faith and credit of the
City. Certificates of Obligation that fund business-type activities in the Electric, Water, Wastewater and
Northgate Parking Garage Funds are also backed by the surplus of revenue derived from each enterprise
funds revenue source. The remaining debt $14,920,000 (5.6 percent), is revenue bonds secured by
specified revenue sources from the City’s combined utility system .
The City’s total debt increased by $25,095,000 (10.4 percent) during the current fiscal year. The change in
total debt was a result of the following:
•Issuance of $35,865,000 general obligation improvement bonds and refunding bonds.
Governmental
Activities
Business-Type
Activities Total
General Obligation Bonds 89,050,000$ 49,900,000$ 138,950,000$
Certificates of Obligation 21,805,000 91,310,000 113,115,000
Revenue Bonds - 14,920,000 14,920,000
110,855,000$ 156,130,000$ 266,985,000$
2014 Year-End Outstanding Debt Payable
City of College Station, Texas
25
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
•Refunding of $25,625,000 general obligation improvement bonds, certificates of obligation, and utility
revenue bonds.
•Issuance of $34,005,000 in certificates of obligation, which funded business-type activities.
•Retirement of $15,670,000 in general obligation improvement bonds and certificates of obligation, and
the retirement of $3,480,000 in utility revenue bonds.
The City’s General Obligation and Certificates of Obligation have an underlying rating of AA+ by Standard
& Poor’s (“S&P”) and Aa2 by Moody’s Investors Service (“Moody’s”). The underlying ratings for the City’s
revenue bonds are A+ by S&P and Aa2 by Moody’s.
Additional information on the City’s long-term debt can be found in Note IV.H to the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES
Economic conditions are more positive than they have been in several years. Sales tax revenues have
been positive in the past year, and property values have increased as well. Growth has continued
throughout the City. In the northern part of the City, construction continues along the University Drive
Corridor with the construction of mixed use developments including Northpoint Crossing and the upcoming
redevelopment of the Chimney Hill shopping center. There is other multi-family activity happening in the
northern part of the City as well. There also continues to be activity in the Bio-Corridor.
Growth continues in the southern part of the City with the recent opening of the Strategic Behavioral Health
facility next to the College Station Medical Center. Also, a new Aerofit Health and Fitness Center opened
earlier this year adjacent to the College Station Medical Center. There is also increased interest by
business prospects to potentially locate in the College Station Business Center and the Spring Creek
Corporate campus. Retail development continues, especially in the southern part of the City with new
restaurants and other businesses opening and others under construction. The tourism and hospitality
industry continues to grow with 524 additional hotel rooms currently under construction in College Station.
The second year of construction of the multi-purpose synthetic fields in Veterans Park was completed and
the fields were utilized for the recent 7 on 7 football tournament, which was very successful. These new
facilities along with the Facilities Access Agreement in place for facilities at Texas A&M University, will
attract additional events that, otherwise, likely would not have come to the area.
Texas A&M University continues to see significant growth and development. The first phase of the Kyle
Field redevelopment was completed for the 2014 football season and the entire project will be completed
prior to the 2015 football season. As mentioned earlier, Texas A&M University enrollment is anticipated to
be around 55,000 this fall. Construction on campus continues to accommodate this growth.
All of this positive economic news puts strains on the city services, such as public safety, the transportation
system, utilities and other core services.
The following are some key fiscal and economic indicators for College Station including:
•The total certified value of property in the City of College Station for FY 2015 is $6,213,584,665. This
is an increase over last year of 4.5%. This increase was due in part to new property values from new
construction of $215,166,820 added to the tax rolls. Existing property values increased by
$115,455,739, or approximately 1.8%.
•Since 2010 taxable values have increased from approximately $5.4 billion to approximately $6.2 billion
currently.
City of College Station, Texas
26
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
•Through September 2014 the local unemployment rate was 3.8%. This is below the state average of
5.0% and the national average of 5.7%.
•Sales and mixed drink beverage tax revenue, the largest revenue stream in the General Fund saw a
strong increase of 7.0% in fiscal year 2014.
The FY 2015 budget meets the needs of the citizens and visitors of College Station as the City continues
to move through a period of strong growth. This manifests itself through continued growth in higher
education, through a robust visitor and tourism economy, and all of the ancillary things this growth brings.
This budget is a roadmap for addressing the priority needs of the City not only for this year, but for years to
come.
Key points influencing budget preparation
•Texas A&M University reported to have more than 55,000 students enrolled this fall.
•Blinn College is continuing to experience increases in enrollment.
•Expansion of Kyle Field will bring additional visitors to the community in the years to come.
•The Bio-Corridor continues to grow and expand.
•The health care sector of the economy is continuing to grow.
•Continued residential and commercial development throughout the city, especially in south College
Station.
How are we proposing to address this growth?
•Providing additional Police, Fire and Emergency Medical Services for citizens and visitors.
•Increasing Code Enforcement resources in an effort to preserve neighborhood integrity.
•Maintaining existing infrastructure including the streets and traffic management systems, electric,
water and wastewater utility systems, parks and recreation facilities, and other city facilities.
•Expanding infrastructure to meet the service demands that accompany growth.
•Attracting and retaining a well-qualified workforce to ensure excellent service can be provided.
This is a critical period for the City given the growth that is continuing. How we respond to that growth will
determine what type of a City we will have for years to come. The past several years saw budget reductions
and some service reductions that were necessary given the economic realities at that time.
What has been done to reduce costs?
This is a reasonable question that should be asked every year, and especially when an increase to the tax
rate is considered. On a continual basis we look at ways to streamline and consider organizational changes.
This budget scrubbing was done over the last three to four years and resulted in budget reductions along
with the elimination of a number of positions. A total of $7.6 million was removed from the City’s budget
from FY09-FY13, which included the elimination of 63 positions, primarily in the General Fund. This
reduction in force provided resources for public safety priorities over the last several years. In fact much of
that savings realized between FY09-FY13 was reinvested into public safety with 48 Police and Fire
positions being added. There continue to be opportunities to reorganize and outsource. For example, last
year Parks and Recreation outsourced cemetery operations which resulted in the elimination of three vacant
positions and a net savings to the City. Other examples of recent cost saving efforts include outsourcing a
large portion of our park mowing and right of way mowing. Also, Parks concession operations were
outsourced several years ago. These are just some examples of organizational changes that result in
providing services at a lower cost.
City of College Station, Texas
27
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
Selected Increased Service Levels
The following are some significant increases in service levels in the fiscal year 2015 budget.
Public Safety – Police Department – To address the growth of the community the approved budget for the
Police Department includes 6 new positions. These include two Traffic Officers, a Police Assistant/Training
Coordinator, an Assistant Information Services Manager, a Public Safety GIS Analyst, and an Animal
Control Officer.
Public Safety – Fire Department – The opening of Fire Station #6 in recent years resulted in the growth of
an additional 18 positions. The approved budget for the Fire Department includes four firefighter positions
of a total of 15 needed for a new ladder truck. Also included is an additional position for the continued
implementation of the Safety Officer program. The Safety Officer program will help to ensure the Fire
Department personnel are kept as safe as possible.
Transportation and Mobility - Public Works - The Public Works budget includes funds for additional street
rehabilitation, an additional position to proactively fill potholes, and funds for the first year of a five year
implementation of a new intelligent transportation system master plan.
Core Services and Infrastructure – Parks and Recreation – Funds are included in the budget to address
equipment needs for the parks system as well as court resurfacing, replacement of pavilions, and
playground equipment.
Neighborhood Integrity – Planning and Development Services - Funds are included in the budget for
implementation of a portion of some of the neighborhood plans that have been identified in recent years.
Neighborhood Integrity – Community Services – An additional position is included in the budget for a
Community Services Business Manager. This position will work closely with the Director, Northgate District
staff and Code Enforcement in the day to day operations of those functions. Last summer the City Council
approved a budget amendment for an additional 0.5 Code Enforcement Officer, and a Staff Assistant
position to handle some of the clerical and administrative duties. This will allow the Code Enforcement
Officers to spend more time working on Code Enforcement issues.
Tax Rate
The fiscal year 2015 budget was prepared using a tax rate of 45.25 cents per $100 assessed valuation.
This is an increase of 2.6542 cents from the FY 2014 tax rate of 42.5958 cents. The debt service portion
of the tax rate is 19.3053 cents, which is the rate necessary to meet the tax supported debt obligations of
the City. The operations and maintenance portion of the tax rate is 25.9447 cents. This provides the
necessary revenue to support the General Fund budget. The 2.6542 cent increase in the tax rate will fund
increased service levels in Public Safety (Police and Fire), Transportation and Mobility, streets and the
traffic signal system directly related to the continued growth of the City.
Utility Rates
The fiscal year 2015 budget does not include a rate increase in the Electric Fund, Water Fund, Wastewater
Fund, Drainage Fund or residential sanitation rates. The budget includes a 15 percent rate increase in
commercial rates in the Sanitation Fund. This rate increase is needed to provide the resources needed to
provide Sanitation services to commercial customers. This is the second of two planned increases in
commercial sanitation rates.
Capital Improvements
The approved Capital Improvements Project Budget for FY15 totals $34,155,710 for all funds that include
capital projects. This budget amount does not, however, reflect all projected capital expenditures for FY15.
The total projected to be spent on capital projects, including both new appropriations and existing
City of College Station, Texas
28
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2014
(Unaudited)
appropriations, is approximately $58 million. These capital funds come from various sources including
General Obligation bonds authorized by the voters, Certificates of Obligation supported by the tax rate or
utility rates, and existing cash reserves from the General Fund, and the Utility funds. Associated operating
and maintenance costs needed for the projects that will be operational in FY15 have been included in the
approved budget.
Some of the more significant upcoming capital projects are as follows:
o Cooner Street and Utility Rehabilitation
o Rock Prairie Road East Rehabilitation from Stonebrook Drive to W.D. Fitch Parkway
o Luther Street and Utility Rehabilitation
o Munson Street Rehabilitation
o Francis Street Rehabilitation
o Graham Road and Utility Rehabilitation
o University Drive Pedestrian Improvements
o Rock Prairie Road West Widening
o Lincoln Center Addition
o Library Expansion
o Enterprise Resources Planning (ERP) System Replacement
o CAD/RMS System Replacement
o Sandy Point Chemical System Replacement and Cooling Tower Expansion
o 30” Water Transmission Line Reinstallation
o Eastgate Water and Wastewater Rehabilitation
o Bee Creek Parallel Trunk Line Phases II-IV
o Royder/Live Oak Sewer Line Project
o Carter Creek Wastewater Treatment Plant Centrifuge and Electrical Improvements
o Underground Feed from Northgate Substation to Church Street
o Second Transformer at Dowling Road Substation
The City does not intend to issue debt for capital projects in 2015. The debt issued in 2014 was intended
to be sufficient to cover the needs for both 2014 and 2015. Cash for the Electric, Water, and Wastewater
Utilities is scheduled to be transferred for capital projects in 2015.
REQUEST FOR INFORMATION
This financial report is designed to provide a general overview of the City of College Station’s financial
position for all who have an interest in the City’s finances. Questions concerning any of the information
provided in this report or requests for additional financial information should be addressed to:
City of College Station
Fiscal Services Department
ATTN: Assistant City Manager
PO Box 9960
College Station, Texas 77840-9960
Or visit our website at http://www.cstx.gov/cafr
City of College Station, Texas
29
Governmental
Activities
Business-type
Activities Total
Assets
Cash and cash equivalents 93,393,857$ 22,702,463$ 116,096,320$
Investments 12,343,606 2,999,409 15,343,015
Receivable (net of allow for uncollectible)7,164,241 17,384,781 24,549,022
Inventories 6,646,270 2,192,674 8,838,944
Internal balance (3,785,422) 3,785,422 -
Prepaids 19,413 - 19,413
Restricted assets -
Cash and cash equivalents - 24,521,197 24,521,197
Equity in investments - 3,239,696 3,239,696
Equity in joint venture - 12,909,486 12,909,486
Loan receivable - 4,100,000 4,100,000
Capital assets (net of accum depreciation)-
Land and construction in progress 52,153,190 43,981,886 96,135,076
Other capital assets (net of accum depreciation)190,616,128 282,629,797 473,245,925
Total assets 358,551,283 420,446,811 778,998,094
Deferred outflows of resources
Deferred charge on refunding 1,732,893 1,361,244 3,094,137
Total deferred outflows of resources 1,732,893 1,361,244 3,094,137
Liabilities
Accounts payable 3,571,987 18,554,266 22,126,253
Accrued liabilities 1,375,226 544,261 1,919,487
Retainage payable 433,909 423,525 857,434
Customer construction advances 924,100 11,121 935,221
Claims payable 1,650,636 - 1,650,636
Unearned revenues 1,016,145 141,963 1,158,108
Accrued interest payable 554,759 782,359 1,337,118
Refundable deposits 437,930 3,273,064 3,710,994
Compensated absences - current 219,195 49,501 268,696
Current portion of long-term 9,603,973 11,554,476 21,158,449
Bonds and certificate of obligation payable 107,598,381 153,976,428 261,574,809
Compensated absences - long-term 2,603,068 587,861 3,190,929
Other post employment benefits 7,246,170 1,872,154 9,118,324
Net pension obligation 5,925,452 1,499,758 7,425,210
Total liabilities 143,160,931 193,270,737 336,431,668
Net position
Net investment in capital assets 125,012,201 165,180,775 290,192,976
Restricted for:-
Debt service 3,293,595 1,580,992 4,874,587
Public safety 880,521 - 880,521
Community development 1,659,028 - 1,659,028
Tourism 5,157,945 - 5,157,945
Capital projects 4,270,830 - 4,270,830
Other purposes 346,498 - 346,498
Unrestricted 76,502,627 61,775,551 138,278,178
Total net position 217,123,245$ 228,537,318$ 445,660,563$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Net Position
September 30, 2014
30
Program Revenues Net Revenue (Expense) and
Operating Capital Changes in Net Position
Charges for Grants and Grants and Governmental Business-type
Functions/Programs Expenses Services Contributions Contributions Activities Activities Total
Governmental activities:
General government 9,602,139$ 213,242$ 3,125,427$ -$ (6,263,470)$ -$ (6,263,470)$
Fiscal services 3,419,923 1,028,531 - - (2,391,392) - (2,391,392)
Police 17,768,724 3,463,589 34,785 - (14,270,350) - (14,270,350)
Fire 14,245,690 1,766,195 11,312 - (12,468,183) - (12,468,183)
Planning & development svcs 5,012,992 1,730,441 - - (3,282,551) - (3,282,551)
Public works 21,348,088 2,437,986 - 6,140,876 (12,769,226) - (12,769,226)
Capital improvement program 731,621 - - - (731,621) - (731,621)
Parks & recreation 9,197,308 1,608,329 62,793 1,263,644 (6,262,542) - (6,262,542)
Library 1,149,616 - - - (1,149,616) - (1,149,616)
Information technology 4,663,939 - - - (4,663,939) - (4,663,939)
Interest on long-term debt 3,962,347 - - - (3,962,347) - (3,962,347)
Unallocated depreciation 1,161,675 - - -(1,161,675) -(1,161,675)
Total governmental activities 92,264,062 12,248,313 3,234,317 7,404,520 (69,376,912) - (69,376,912)
Business-type activities:
Electric 98,269,576 97,814,129 - 1,058,133 - 602,686 602,686
Water 11,517,915 13,848,402 - 2,006,261 - 4,336,748 4,336,748
Wastewater 11,205,770 14,575,907 - 2,496,873 - 5,867,010 5,867,010
Sanitation 7,497,493 8,014,628 291,366 1,747,963 - 2,556,464 2,556,464
Northgate parking 1,051,901 1,298,034 - - -246,133 246,133
Total business-type activities 129,542,655 135,551,100 291,366 7,309,230 -13,609,041 13,609,041
Total primary government 221,806,717$ 147,799,413$ 3,525,683$ 14,713,750$ (69,376,912) 13,609,041 (55,767,871)
General revenue:
Property taxes 27,349,234 - 27,349,234
Sales and mixed beverage taxes 25,141,825 - 25,141,825
Franchise taxes 2,407,344 - 2,407,344
Hotel occupancy taxes 5,127,808 - 5,127,808
Unrestricted investment earnings 195,863 120,006 315,869
Gain on sale of capital assets 1,827,783 - 1,827,783
Transfers 12,935,733 (12,935,733) -
Total general revenues and transfers 74,985,590 (12,815,727) 62,169,863
Change in net position 5,608,678 793,314 6,401,992
Net position - beginning 210,931,073 227,744,004 438,675,077
Prior period adjustment 583,494 -583,494
Net position - ending 217,123,245$ 228,537,318$ 445,660,563$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Activities
For the Year Ended September 30, 2014
31
General Debt Service Streets Projects
Other
Governmental
Funds
Total
Governmental
Funds
Assets
Current assets
Cash and cash equivalents 19,035,073$ 2,839,310$ 21,833,881$ 30,909,425$ 74,617,689$
Equity in investments 2,514,878 375,124 2,616,453 4,356,479 9,862,934
Receivable (net of allow for uncollectible)4,129,515 506,128 345,997 2,216,328 7,197,968
Inventories 45,181 - - 6,485,508 6,530,689
Prepaid costs 19,413 - - -19,413
Total assets 25,744,060$ 3,720,562$ 24,796,331$ 43,967,740$ 98,228,693$
Liabilities
Accounts payable 1,679,486$ -$682,861$ 603,892$ 2,966,239$
Accrued liabilities 1,297,072 - - 56,874 1,353,946
Unearned revenue-other 1,016,145 - - - 1,016,145
Interfund payable - - - - -
Refundable deposits 79,981 - 345,997 11,952 437,930
Retainage payable 2,593 - 196,818 234,498 433,909
Customer construction advances 922,650 -1,450 -924,100
Total liabilities 4,997,927 -1,227,126 907,216 7,132,269
Deferred inflows of resources
Unavailable revenue-loans receivable - - - 211,942 211,942
Unavailable revenue-property taxes 501,884 506,128 - - 1,008,012
Unavailable revenue-other - - -22,762 22,762
Total deferred inflows of resources 501,884 506,128 -234,704 1,242,716
Fund balances
Nonspendable 64,594 - - 6,485,508 6,550,102
Restricted - 3,214,434 23,569,205 32,210,243 58,993,882
Committed - - - 4,130,069 4,130,069
Assigned 1,457,390 - - - 1,457,390
Unassigned 18,722,265 - - -18,722,265
Total fund balances 20,244,249 3,214,434 23,569,205 42,825,820 89,853,708
Total liabilities, deferred inflows of resources and fund balances 25,744,060$ 3,720,562$ 24,796,331$ 43,967,740$ 98,228,693$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Balance Sheet
Governmental Funds
September 30, 2014
32
Total fund balance per balance sheet 89,853,708$
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets used in governmental activities are not financial resources, therefore
are not reported in the governmental funds balance sheet 242,769,318
Debt refundings resulting in a defeasance of debt - the difference between the
reacquisition price and the net carrying amount of the old debt -
should be deferred and amortized 1,732,893
Long-term liabilities are not due and payable in the current period, therefore
are not reported in the governmental funds balance sheet.
Due within one year (10,032,643)$
Due in more than one year (122,343,133) (132,375,776)
Interest payable on long-term debt does not require current financial
resources and is not reported in the governmental funds balance sheet. (554,759)
Allowance for loans receivable (79,161)
Other long-term assets are not available to pay for current period expenditures
and, therefore, are reported as unavailable revenue in the funds 1,242,716
Internal service funds are used by management to charge the costs of certain activities,
such as insurance, fleet maintenance, and equipment replacement to individual funds.
The assets and liabilities of the internal service funds are included in the
government-wide statements of net position (net of the amount allocated to
business-type activities).
Assets 29,378,832
Capital Assets (7,960,977)
Liabilities (3,098,127)
Net amount allocated to business-type activities (3,785,422) 14,534,306
Net position of governmental activities 217,123,245$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position
September 30, 2014
33
General Debt Service Streets Projects
Other
Governmental
Funds
Total
Governmental
Funds
Revenues
Ad valorem taxes 14,402,353$ 11,938,869$ -$ -$ 26,341,222$
Sales taxes 24,565,649 - - - 24,565,649
Mixed drink and franchise 2,983,520 - - 5,127,808 8,111,328
Licenses and permits 1,424,598 - - 13,484 1,438,082
Intergovernmental 189,103 - 225,670 2,819,544 3,234,317
Charges for services 169,680 - 121,679 3,127,074 3,418,433
Other charges for services 2,818,098 - - - 2,818,098
Fines, forfeits, and penalties 3,038,926 - - 192,143 3,231,069
Investment income 66,264 14,326 39,682 75,591 195,863
Rents and royalties 542,816 - - 96,451 639,267
Contributions 11,016 - - 1,252,628 1,263,644
Other 113,802 917 29,005 530,715 674,439
Total revenues 50,325,825 11,954,112 416,036 13,235,438 75,931,411
Expenditures
Current
General government 5,108,448 - - - 5,108,448
Fiscal services 3,029,566 - 4,058 226,618 3,260,242
Police 17,080,568 - - 13,292 17,093,860
Fire 13,585,022 - - - 13,585,022
Planning and development services 2,867,857 - - 2,065,923 4,933,780
Public works 7,611,303 - - 1,020,846 8,632,149
Capital improvement projects 731,621 - - - 731,621
Parks & recreation 4,596,645 - - 3,115,952 7,712,597
Information technology 4,207,305 - - 7,653 4,214,958
Library 1,078,851 - - - 1,078,851
Contributions 1,184,115 - - 2,097,876 3,281,991
Other 222,034 - - 457,738 679,772
Pay plan contingency - - - - -
Capital outlay - - 5,496,545 7,139,789 12,636,334
Debt service
Principal retirement - 8,650,000 - - 8,650,000
Interest payments - 3,707,799 - - 3,707,799
Debt issuance costs - 39,719 - - 39,719
Intergovernmental - -489,817 -489,817
Total expenditures 61,303,335 12,397,518 5,990,420 16,145,687 95,836,960
Excess (deficit) of revenues over (under) expenditures (10,977,510) (443,406) (5,574,384) (2,910,249) (19,905,549)
Other financing sources (uses)
Issuance of bonds - - 13,201,800 10,158,200 23,360,000
Issuance of refunding bonds - 8,535,000 - - 8,535,000
Premium on bonds issued - 1,249,222 1,348,200 1,026,800 3,624,222
Payment to refunded bond escrow agent - (9,755,695) - - (9,755,695)
Sale of capital assets 4,582,111 - - - 4,582,111
Transfers In 15,158,581 196,058 1,588,163 3,855,894 20,798,696
Transfers out (4,444,465) -(531,890) (2,338,158) (7,314,513)
Total other financing sources (uses)15,296,227 224,585 15,606,273 12,702,736 43,829,821
Net change in fund balance 4,318,717 (218,821) 10,031,889 9,792,487 23,924,272
Fund balances, October 1 15,925,532 3,433,255 13,537,316 33,033,333 65,929,436
Fund balances, September 30 20,244,249$ 3,214,434$ 23,569,205$ 42,825,820$ 89,853,708$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended September 30, 2014
34
Net change in fund balance - total governmental funds 23,924,272$
Amounts reported for governmental activities in the statement of activities differ as a result of the following:
Governmental funds report capital outlays as expenditures. However, in the government-wide
statement of activities the cost of those assets are allocated over their estimated
useful lives as depreciation expense. This is the amount of capital assets
recorded in the current period.9,345,085
Governmental funds do not recogonzie the total amount of revenue recognized in the government-wide
statement of activities related to the sale of redevelopment home properties 6,163
The effect of various miscellaneous transactions involving capital assets (e.g., sales, trade ins,
and capital contributions) is to increase/decrease net assets.2,458,083
Some property tax and loan revenues will not be collected for several
months after the the City's fiscal year end. These are not considered "available" revenues
in the governmental funds until received. 1,030,775
Amortization of interest as the result of debt refundings is reported in the government-wide statement of
activities but does not require the use of current financial resources. Therefore, amortized interest
expense is not reported as an expenditure in governmental funds.(254,548)
Depreciation expense on capital assets is reported in the government-wide statement of
activities but does not require the use of current financial resources. Therefore, depreciation
expense is not reported as an expenditure in governmental funds.(12,417,695)
The issuance of long-term debt (i.e., bonds, certificates of obligation) provides current
financial resources to governmental funds, while the repayment of the principal of long-term
debt consumes the current financial resources of governmental funds. Neither transaction,
however, has any effect on net position. Also, governmental funds report the effect of issuance
costs, premiums, discounts, and similar items when debt is first issued, whereas the amounts are
deferred and amoritized in the statement of activities. This amount is the net effect of these
differences in the treatment of long-term debt and related items.
Bonds issued (21,230,000)$
Certificates of Obligation issued (10,665,000)
Bond principal retirement 8,650,000
Payment to refunded bond escrow agent 9,755,695 (13,489,305)
Long-term estimated liabilities are recognized as expenses in the Statement of Activities as incurred,
but are recognized when current financial resources are used in the government funds.
Compensated absences (336,386)
Net pension obligation (291,867)
Other post retirement benefits (794,085) (1,422,338)
Bond premiums are recognized as an other financing source in the governmental funds, but are
combined with bond liabilities on the statement of net position. Premiums are amortized over the
life of the bonds.(3,304,233)
Internal service funds are used by management to charge the costs of certain activities, such as
insurance, fleet maintenance, and equipment replacement to individual funds. The net revenue
of the internal service funds is reported with governmental activities net of the amount
allocated to business-type activities.
Change in net position (430,744)
Net amount allocated to business activities 163,163 (267,581)
Change in net position of governmental activities 5,608,678$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
For the Fiscal Year Ended September 30, 2014
35
Electric Water Wastewater
Other Enterprise
Funds
Total Enterprise
Funds
Internal Service
Funds
Assets
Current assets
Cash and cash equivalents 14,246,098$ 3,037,701$ 4,174,627$ 1,244,037$ 22,702,463$ 18,776,168$
Investments 1,882,169 401,336 551,544 164,360 2,999,409 2,480,672
Restricted assets
Cash and cash equivalents 4,333,994 8,233,119 11,954,084 - 24,521,197 -
Investments 572,599 1,087,745 1,579,352 - 3,239,696 -
Receivable (net of allow for uncollectible) 12,985,356 1,840,375 1,633,237 925,813 17,384,781 45,434
Due from other funds - - - - - -
Inventories 1,815,130 342,068 29,835 5,641 2,192,674 115,581
Total current assets 35,835,346 14,942,344 19,922,679 2,339,851 73,040,220 21,417,855
Noncurrent assets
Advance to other funds - - - - - -
Equity in joint venture - - - 12,909,486 12,909,486 -
Loan receivable - - - 4,100,000 4,100,000 -
Capital assets
Utility plant 170,361,252 162,975,376 125,735,085 - 459,071,713 -
Buildings - - - 5,737,679 5,737,679 823,658
Machinery and equipment - - - 6,358,895 6,358,895 21,936,337
Less accumulated depreciation (82,572,531) (51,556,752) (49,626,784) (4,782,423) (188,538,490) (14,799,018)
Construction in progress 16,106,448 11,980,306 15,194,982 9,400 43,291,136 -
Land - - -690,750 690,750 -
Total capital assets 103,895,169 123,398,930 91,303,283 8,014,301 326,611,683 7,960,977
Total noncurrent assets 103,895,169 123,398,930 91,303,283 25,023,787 343,621,169 7,960,977
Total assets 139,730,515 138,341,274 111,225,962 27,363,638 416,661,389 29,378,832
Deferred outflows of resources
Deferred charge on refunding 573,981 534,953 196,422 55,888 1,361,244 -
Total deferred outflows of resources 573,981 534,953 196,422 55,888 1,361,244 -
Liabilities
Current liabilities
Accounts payable 17,133,408 488,313 560,444 372,101 18,554,266 605,748
Accrued liabilities 323,955 47,335 63,752 109,219 544,261 58,026
Compensated absences 19,809 8,072 12,623 8,997 49,501 8,323
Retainage payable 261,553 1,087 160,885 - 423,525 -
Claims payable - - - - - 1,650,636
Customer construction advances - - 11,121 - 11,121 -
Unearned revenue - - - 141,963 141,963 -
Payable from restricted assets
Accrued interest payable 295,373 249,708 210,802 26,476 782,359 -
Refundable deposits 2,914,884 339,895 14,085 4,200 3,273,064 -
General obligation bonds (net)1,488,832 2,026,559 1,863,296 413,174 5,791,861 -
Certificates of obligation (net)2,049,905 997,695 950,013 240,000 4,237,613 -
Revenue bonds (net)450,121 717,024 357,857 -1,525,002 -
Total current liabilities 24,937,840 4,875,688 4,204,878 1,316,130 35,334,536 2,322,733
Noncurrent liabilities
General obligation bonds (net) 16,257,747 17,601,714 13,928,848 1,507,696 49,296,005 -
Certificates of obligation (net)44,481,604 20,007,462 22,936,357 3,860,000 91,285,423 -
Revenue bonds (net)1,805,257 7,762,601 3,827,142 - 13,395,000 -
Compensated absences 235,249 95,858 149,913 106,841 587,861 98,844
Post employment benefits 831,345 279,814 436,275 324,720 1,872,154 373,968
Net pension obligation 663,862 224,125 351,543 260,228 1,499,758 302,582
Total noncurrent liabilites 64,275,064 45,971,574 41,630,078 6,059,485 157,936,201 775,394
Total liabilities 89,212,904 50,847,262 45,834,956 7,375,615 193,270,737 3,098,127
Net position
Net investment in capital assets 37,361,702 74,285,874 47,439,769 6,093,430 165,180,775 7,960,977
Restricted for:
Debt service 435,933 565,538 579,521 - 1,580,992 -
Unrestricted 13,293,957 13,177,553 17,568,138 13,950,481 57,990,129 18,319,728
Total net position 51,091,592$ 88,028,965$ 65,587,428$ 20,043,911$ 224,751,896 26,280,705$
Adjustment to reflect the consolidation of internal services fund activities related to enterprise funds 3,785,422
Net position of business-type activities 228,537,318$
The notes to the financial statements are an integral part of this statement.
Business-type Activities-Enterprise Funds
CITY OF COLLEGE STATION, TEXAS
Statement of Net Position
Proprietary Funds
September 30, 2014
36
Governmental
Activities
Electric Water Wastewater
Other Enterprise
Funds
Total Enterprise
Funds
Internal Service
Funds
Operating revenues
Charges for services 95,677,765$ 13,473,987$ 14,076,275$ 9,297,462$ 132,525,489$ 7,589,496$
Premiums - - - - - 10,413,487
Other 2,095,601 476,184 318,276 11,107 2,901,168 371,016
Total operating revenues 97,773,366 13,950,171 14,394,551 9,308,569 135,426,657 18,373,999
Operating expenses
Electric operations 89,188,433 - - - 89,188,433 -
Salaries and benefits - 1,974,478 2,943,325 2,479,335 7,397,138 2,419,036
Supplies - 700,781 805,128 659,794 2,165,703 1,017,049
Maintenance - 83,336 163,563 695,047 941,946 39,432
Purchased professional services - 304,318 114,049 861,269 1,279,636 174,070
Purchased property services - - - 1,726,898 1,726,898 59,660
Other purchased services - 1,597,046 1,470,026 944,868 4,011,940 728,799
Claims - - - - - 7,247,194
Administration fee - - - - - 572,760
Contributions - - - - - 2,690,290
Premiums - - - - - 1,433,593
Depreciation 5,294,817 4,317,840 4,174,328 822,537 14,609,522 1,880,362
Other 618,239 221,767 50,840 29,301 920,147 53,671
Total operating expenses 95,101,489 9,199,566 9,721,259 8,219,049 122,241,363 18,315,916
Operating income 2,671,877 4,750,605 4,673,292 1,089,520 13,185,294 58,083
Nonoperating revenues (expenses)
Investment income 71,632 19,265 25,536 3,573 120,006 63,084
Gain (loss) on disposal of assets 40,763 (101,769) 62,921 (3,535) (1,620) 156,048
Earnings in joint venture - - - 291,366 291,366 -
Intergovernmental - - - - - -
Principal retirement - - - - - -
Interest expense (2,382,452) (1,976,265) (1,447,370) (78,344) (5,884,431) -
Debt issuance costs (3,927) (51,537) (2,459) (353) (58,276) -
Other, net (737,822) (269,179) 118,435 (180,793) (1,069,359) (159,509)
Total nonoperating revenues (expenses) (3,011,806) (2,379,485) (1,242,937) 31,914 (6,602,314) 59,623
Income before capital contributions and transfers (339,929) 2,371,120 3,430,355 1,121,434 6,582,980 117,706
Capital contributions and transfers
Capital contributions 1,058,133 2,006,261 2,496,873 1,747,963 7,309,230 -
Transfers in 743,273 8,116 17,652 406,983 1,176,024 -
Transfers out (7,436,794) (2,783,576) (2,531,377) (1,360,010) (14,111,757) (548,450)
Total capital contributions and transfers (5,635,388) (769,199) (16,852) 794,936 (5,626,503) (548,450)
Change in net position (5,975,317) 1,601,921 3,413,503 1,916,370 956,477 (430,744)
Beginning net position 57,066,909 86,427,044 62,173,925 18,127,541 26,711,449
Ending net position 51,091,592$ 88,028,965$ 65,587,428$ 20,043,911$ 26,280,705$
Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds (163,163)
Change in net position of business-type activities 793,314$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Fiscal Year Ended September 30, 2014
Business-type Activities - Enterprise Funds
37
Governmental
Activities
Other Total Internal
Enterprise Enterprise Service
Electric Water Wastewater Funds Funds Funds
Cash flows from operating activities:
Cash received from customers 98,399,684$ 15,347,594$ 14,437,031$ 9,248,359$ 137,432,668$ 18,357,429$
Cash payments to suppliers for goods and services (87,234,423) (3,317,267) (3,280,846) (4,891,597) (98,724,133) (13,887,984)
Cash payments to employees for services (5,620,598) (1,906,103) (2,848,581) (2,398,547) (12,773,829) (2,358,342)
Customer deposits received (122,627) (24,385) 5,116 - (141,896) -
Cash paid for miscellaneous services (737,822) (269,179) - (188,774) (1,195,775) (159,509)
Cash received for miscellaneous revenues - - 118,435 7,628 126,063 -
Cash received from other funds 80,000 80,000 80,000 -240,000 -
Net cash provided (used) by operating activities 4,764,214 9,910,660 8,511,155 1,777,069 24,963,098 1,951,594
Cash flows from noncapital financing activities:
Transfers in from other funds 743,273 8,116 17,652 406,983 1,176,024 -
Transfers out to other funds (7,436,794) (2,783,576) (2,531,377) (1,360,010) (14,111,757) (548,450)
Net cash provided (used) by noncapital financing activities (6,693,521) (2,775,460) (2,513,725) (953,027) (12,935,733) (548,450)
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets (10,415,532) (4,013,433) (6,009,087) (1,747,334) (22,185,386) (1,706,053)
Capital grants and contributions 1,058,133 2,006,261 2,496,873 1,747,963 7,309,230 -
Proceeds from sale of assets 50,406 67,416 62,921 - 180,743 156,048
Proceeds from certificates of obligation and general obligation bonds 8,713,237 6,458,331 11,358,870 - 26,530,438 -
Principal paid on certificates of obligation and general obligation bonds (3,573,190) (3,229,892) (3,071,919) (386,996) (10,261,997) -
Interest paid on certificates of obligation and general obligation bonds (2,414,216) (2,048,066) (1,461,108) (76,787) (6,000,177) -
Net cash provided (used) by capital and related financing activities (6,581,162) (759,383) 3,376,550 (463,154) (4,427,149) (1,550,005)
Cash flows from investing activities:
Purchase of investments (6,163,615) (3,453,011) (4,935,148) (389,609) (14,941,383) (6,019,000)
Proceeds from sale and maturities of investment securities 7,148,427 2,706,704 3,838,225 347,075 14,040,431 6,028,777
Investment income 71,632 19,265 25,536 3,573 120,006 63,084
Net cash provided (used) by investing activities 1,056,444 (727,042) (1,071,387) (38,961) (780,946) 72,861
Net increase (decrease) in cash and cash equivalents (7,454,025) 5,648,775 8,302,593 321,927 6,819,270 (74,000)
Cash and cash equivalents, Oct. 1 26,034,117 5,622,045 7,826,118 922,110 40,404,390 18,850,168
Cash and cash equivalents, Sept. 30 18,580,092$ 11,270,820$ 16,128,711$ 1,244,037$ 47,223,660$ 18,776,168$
Reconciliation of operating income to net cash
Provided by operating activities:
Operating income 2,671,877$ 4,750,605$ 4,673,292$ 1,089,520$ 13,185,294$ 58,083$
Adjustment to reconcile operating income to net
cash provided (used) by operating activities:
Depreciation, bad debt expense, inventory loss 5,294,817 4,317,840 4,174,328 822,537 14,609,522 1,880,362
Miscellaneous nonoperating revenues - - 118,435 7,628 126,063 -
Miscellaneous nonoperating expenses (737,822) (269,179) - (188,774) (1,195,775) (159,509)
Changes in assets and liabilities:
Change in accounts receivable 626,318 1,397,423 42,480 (116,665) 1,949,556 (16,570)
Change in inventory (385,651) 37,981 2,784 9,399 (335,487) (18,971)
Change in accounts payable (2,827,575) (448,000) (680,008) 14,460 (3,941,123) 138,912
Change in due from other funds 80,000 80,000 80,000 - 240,000 -
Change in refundable deposits (122,627) (24,385) 5,116 - (141,896) -
Change in claims payable - - - - - 9,089
Change in accrued liabilities 11,449 6,980 3,427 5,643 27,499 7,410
Change in deferred revenue - - - 56,455 56,455 -
Change in accrued vacation (5,086) 9,993 15,071 15,007 34,985 (9,326)
Change in OPEB 115,901 37,584 55,737 45,230 254,452 45,418
Change in net pension obligation 42,613 13,818 20,493 16,629 93,553 16,696
Total adjustments 2,092,337 5,160,055 3,837,863 687,549 11,777,804 1,893,511
Net cash provided (used) by operating activities 4,764,214$ 9,910,660$ 8,511,155$ 1,777,069$ 24,963,098$ 1,951,594$
Noncash investing, capital, and financing activities
Impact of debt refunding (see note: IV.H)
Change in utility revenue bonds (6,561,252)$ (5,767,908)$ (4,035,840)$ -$ (16,365,000)$ -$
The notes to the financial statements are an integral part of this statement.
Business-type Activities - Enterprise Funds
CITY OF COLLEGE STATION, TEXAS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended September 30, 2014
38
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
I. Summary of Significant Accounting Policies
A. Financial Reporting Entity
The City of College Station, Texas (“City”), the financial reporting entity presented in these financial statements,
was incorporated in 1938 as a municipal corporation incorporated under the provisions of H.B. 901 of the Texas
Legislature. The City operates under a Council-Manager form of government and provides such services as
authorized by its charter to advance the welfare, health, comfort, safety and convenience of the City and its
inhabitants.
The accounting and reporting policies of the City relating to the funds included in the accompanying basic
financial statements conform to accounting principles generally accepted in the United States of America (GAAP)
applicable to state and local governments. Generally accepted accounting principles for local governments
include those principles prescribed by the Governmental Accounting Standards Board (GASB), the American
Institute of Certified Public Accountants in the publication entitled State and Local Governments-Audit and
Accounting Guide and by the Financial Accounting Standards Board (when applicable).
The City’s basic financial statements include the accounts of all City operations. The criteria for including
organizations as component units within the City’s reporting entity, as set forth in Section 2100 of
GASB’s Codification of Governmental Accounting and Financial Reporting Standards, include whether:
•The organization is legally separate (can sue and be sued in their own name)
•The City holds the corporate powers of the organization
•The City appoints a voting majority of the organization’s board
•The City is able to impose its will on the organization
•The organization has the potential to impose a financial benefit/burden on the City
•There is a fiscal dependency by the organization on the City.
Based on the aforementioned criteria, the City has no component units.
B. Government-Wide and Fund Financial Statements
The government-wide financial statements (e.g., the statement of net position and the statement of activities)
report information on all of the activities of the City. For the most part, the effect of interfund activity has been
removed from these statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a significant
extent on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses for a given function or segment
is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or
segment. Program revenues include (1) charges to customers or applicants who purchase, use or directly benefit
from goods, services or privileges provided by a given function or segment and (2) grants and contributions that
are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and
other items not properly included among programs revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds and proprietary funds. Major individual
governmental funds and major individual enterprise funds are reported as separate columns in the fund financial
statements.
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation
Measurement focus refers to the type of information a given fund presents; basis of accounting refers to when
revenues and expenditures are recognized in the accounts and reported in the financial statements. Basis of
accounting relates to the timing of the measurement made, regardless of the measurement focuses applied.
The government-wide financial statements and fund financial statements for proprietary funds are reported using
the economic resources measurement focus and the accrual basis of accounting. The economic resources
measurement focus means all assets and liabilities (whether current or noncurrent) are included on the statement
City of College Station, Texas
39
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
of net position and the operating statements present increases (revenues) and decreases (expenses) in total
net position.
Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the
timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied.
Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met.
Governmental fund financial statements are reported using the current financial resources measurement focus
and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are
recognized as soon as they are both measurable and available. “Measurable” means the amount of the
transaction can be determined and “available” means collectible within the current period or soon enough
thereafter to be used to pay liabilities of the current period. The City considers revenues to be available if they
are collected within 30 days of the end of the current fiscal period. Expenditures are generally recorded when a
liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures
related to vacation, claims, and judgments are recorded only when payment is due.
Property taxes, other local taxes, licenses, and interest associated with the current fiscal period are all
considered to be susceptible to accrual and, therefore, have been recognized as revenues of the current fiscal
period. All other revenue items are considered to be measureable and available only when the City receives
cash.
The City reports the following major governmental funds:
The General Fund is the City’s primary operating fund. It accounts for all financial resources of the general
government, except those required to be accounted for in another fund. All general tax revenues and other
receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this
fund. General operating expenditures, fixed charges and capital improvement costs that are not paid through
other funds are paid from the General Fund.
The Debt Service Fund accounts for the financial resources that are restricted, committed, or assigned to
expenditure for the payment of principal and interest on long-term debt paid primarily from taxes levied by
the City. Financial resources that are being accumulated from principal and interest in future years are also
reported in the Debt Service Fund.
The Streets Projects Fund accounts for the costs of new street construction, street improvements, and traffic
signalization made with funds provided primarily by proceeds from the sale of general obligation bonds and
by investing those proceeds.
The City reports the following major proprietary funds:
The Electric Fund accounts for the activities necessary to provide electric services to the residents of the
City. These activities include administration, distribution system operations and maintenance, transmission
system operations and maintenance, new construction, and financing and related debt services. Billing and
collection services are accounted for as an internal service fund.
The Water Fund accounts for the activities necessary to provide water services to the residents of the City.
These activities include administrative services, water production and distribution system operation and
maintenance, new construction, and financing and related debt services. Billing and collection services are
accounted for as an internal service fund.
The Wastewater Fund accounts for the activities necessary to provide wastewater services to the residents
of the City. These activities include administrative services, wastewater system operation and maintenance,
new construction, and financing and related debt services. Billing and collection services are accounted for
as an internal service fund.
City of College Station, Texas
40
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Additionally, the City reports the following fund types:
Internal Service Funds account for activities related to administration of health insurance provided to City
employees; the City’s risk management activities, including general liability, unemployment and workers’
compensation claims and associated administrative expenses on a cost reimbursement basis; utility billing
and collection activities related to the City’s electric, water, and wastewater utilities and residential and
commercial garbage collections; activities related to the management of the City’s vehicles and heavy
equipment, including preventative maintenance and vehicle repair; and activities related to the purchase and
replacement of vehicles and large motorized equipment, telephone and radio systems, and technological
infrastructure equipment not budgeted in other funds.
In general, the effect of internal fund activity has been eliminated from the government-wide financial
statements. Exceptions to this rule are payments-in-lieu of taxes, indirect costs and franchise fees, and other
charges between the City’s Electric, Water, and Wastewater Funds because elimination of these charges
would distort the direct costs and program revenues reported in the Statement of Activities.
Amounts reported as program revenues include (1) charges to customers or applicants who purchase, use,
or directly benefit from goods, services, or privileges provided by a given function or segment and (2) grants
and contributions that are restricted to meeting the operational or capital requirements of a particular function
or segment. Taxes and other items not properly included among program revenues are reported instead as
general revenues.
Proprietary funds distinguish operation revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services in connection with the fund’s principal
ongoing operations. The principal operation revenues of the City’s enterprise funds are charges for customer
services including electric, water, wastewater, and sanitation fees; while internal service funds revenues are
for equipment purchase amounts and risk management charges. Operating expenses for enterprise fund
and internal services funds include the cost of services, administrative expenses, and depreciation on capital
assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and
expenses.
When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted
resources first, and then unrestricted resources as they are needed.
D. Assets, Liabilities and Net Position or Equity
Cash and Cash Equivalents
Cash and cash equivalents are short term highly liquid investments that are (a) readily convertible to known
amounts of cash and (b) so near their maturity that they present insignificant risk of changes in value because
of changes in interest rates. Therefore, for purposes of the statement of cash flows, cash and cash equivalents
(including restricted assets) include demand accounts, investments pools, money market mutual funds,
certificates of deposit and agency securities notes with original maturities of three months or less when
purchased.
All cash, except for petty cash accounts, is deposited with the City’s depository bank in interest bearing accounts
or is invested.
The City uses a pooling method to account for cash and cash equivalents. Equity in cash and cash equivalents
and interest income from pooled cash are allocated to the participating funds on a monthly basis. The amount
of the allocation is determined by calculating a ratio of each fund’s equity in the pool to the total pool.
Investments
Investments are made in accordance with the City’s Investment Policy which was adopted by the City Council in
October 2013 for the fiscal year ending September 30, 2014. This policy is applicable to all city funds and permits
investment in obligations of U.S. Government or its agencies, repurchase agreements, commercial paper,
certificates of deposit, public funds investment pools, and money market mutual funds. This policy states that
City of College Station, Texas
41
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
the Assistant City Manager shall designate the City’s Investment Officer with whom responsibility and authority
for investment transactions reside.
The investments purchased under the provisions of the Investment Policy are managed to maintain liquidity for
meeting the City’s needs for cash and to limit potential market risks in periods of rising interest rates which
depress the market value of securities. As a guideline, maturity of securities should not exceed five years for
cash management purposes, with an optimum weighted average maturity of less than two years. Investments in
securities with a maturity of more than two years are considered prudent for funds maintained for capital
construction and debt service funds, if necessary to meet projected disbursement schedules.
As a general guideline, the City’s cash management portfolio is designed with the objective of meeting, over the
course of full market cycles, the average return on three-month U.S. Treasury bills, or the average rate of federal
funds, whichever is higher. These indices are considered benchmarks for riskless investment transactions and
therefore comprise a standard for the portfolio’s rate of return. The investment program seeks to augment rates
of return above this level. In a diversified portfolio, measured losses are inevitable and must be considered within
the context of the overall portfolio. The objective of investment in construction funds should at least match
inflation increases in construction costs.
Active portfolio management includes the practice of selling securities prior to maturity and using the proceeds
to purchase other securities. Such “swaps” are performed for a variety of valid reasons: to lengthen maturities
as interest rates rise, to secure market profits and shorten maturities as interest rates fall, and to take advantage
of differences in relative yield between different types of securities and varying maturities. “Swaps” analysis is
the responsibility of the City’s Investment Officer and the decision to execute the “swap” rests with this
designated Officer. To protect the portfolio from imprudent trading, no security may be sold until such time as
the current market value of the security plus interest earned from date of purchase is at least equal to the
purchase price of that security.
State statutes authorize the City to invest in fully insured time deposits, direct debt securities of the United States
or its agencies, and fully collateralized repurchase agreements. The repurchase agreements must be purchased
pursuant to a master repurchase agreement which specifies that the transaction be held in a safekeeping
account subject to the control and custody of the City.
Investments in security repurchase agreements may be made only with the City’s depository bank, with state or
national banks domiciled in the state of Texas, or with securities dealers reporting to the Federal Reserve Bank
of New York (“Primary Dealers”). All securities are purchased delivery versus payment and held in the City’s
name in a safekeeping account at The Bank of New York.
Investments of all funds may consist of Agency securities, money market mutual funds, certificates of deposit
and investments in public funds investment pool. Investments are stated at fair value in accordance with GASB
Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment
Pools. In 2011, the City adopted GASB No.59, Financial Instruments Omnibus. See Note IV-A regarding 2a7-
like pools.
The City also uses a pooling method to account for investments. Equity in investments and interest income from
the investment pool is allocated to the participating funds on a monthly basis and is determined by calculating a
ratio of each fund’s equity in the investment pool to the total pool.
Inventories, Assets Held for Resale and Prepaid Costs
Inventories are accounted for using the consumption method and are valued at year-end based on cost, with
costs determined using an average cost method.
Assets held for resale include redevelopment properties, properties purchased and constructed with the express
intent of resale. These assets are reported at cost in the governmental funds. Cemetery plots are another
example of assets held for resale in the governmental funds. City ordinance stipulates the percentage of
cemetery plot sales to be allocated to the operational fund. These assets held for resale in the non-major
governmental Community Development and Cemetery funds are reported as inventory in the financial
statements and accounted for using the purchases method.
City of College Station, Texas
42
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Payments made to vendors for services that will benefit periods beyond September 30, 2014, are recorded as
prepaid costs with a reserve for prepaid items recognized in the governmental funds in the fund level financial
statements to indicate that a portion of fund balance is not available for other subsequent expenditures.
Interfund Transaction and Receivables/Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the
fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or
“advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding balances
between funds are reported as “due to/from other funds”. Any residual balances outstanding between
governmental activities and business-type activities are reported in the government-wide financial statements
as “internal balances.”
Transactions between Funds
The City allocates an indirect cost percentage of administrative services paid through the General Fund along
with other indirect costs deemed necessary for the operation of the proprietary funds, internal service funds and
the other governmental funds.
Restricted Assets
In the Enterprise Funds, proceeds of utility revenue bonds and certificates of obligations, as well as resources
set aside for their repayment, are classified as restricted assets on the balance sheet because their use is limited
by applicable bond covenants. In addition, customer utility deposits are classified as restricted assets because
the deposit remains the property of the customer and is not available for operations.
Investment in Joint Venture
The Proprietary Funds’ investment in joint venture is recorded using the equity method of accounting. Required
disclosures concerning the joint venture are presented in Note V-C.
Capital Assets
Capital assets include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and
similar items) and are reported in the applicable governmental or business-type activities columns in the
government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual
cost of more than $5,000 and an estimated useful life in excess of three years. Such assets are recorded at
historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at
estimated fair market value at the date of donation.
Assets owned by the electric utility are capitalized in accordance with Federal Energy Regulatory Commission
(FERC) guidelines. Furthermore, assets owned by either the Water or Wastewater utilities are capitalized in
accordance with the National Association of Regulatory Utility Commissioners (NARUC) guidelines. The costs
of normal maintenance and repairs that do not add to the value of the assets or materially extend the asset’s
useful life are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed. In accordance
with Financial Accounting Standards Board ASC 980 Regulated Operations, interest is not capitalized during
construction of capital assets of business-type activities because interest is recovered currently in the City’s
established rate structure.
City of College Station, Texas
43
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Depreciation of all assets is recorded and calculated using the straight-line method over the following estimated
useful lives:
Electric system 1-50 Years
Water system 2-50 Years
Wastewater system 2-50 Years
Infrastructure 10-50 Years
Buildings and building improvements 5-50 Years
Land improvements 10-45 Years
Machinery and equipment 5-20 Years
Motor vehicles 3-12 Years
Furniture, fixtures and office equipment 5-20 Years
Compensated Absences
Employees are credited with vacation at rates of 10 to 20 days per year, depending upon length of service.
Carryover of unused vacation time from one year to the next is allowed for a maximum of two years. Upon
termination, the respective employees are paid for any accrued vacation not taken (up to the two year maximum).
Accumulated vacation is accrued when earned in the government-wide and proprietary fund financial
statements. No liability has been recorded in the governmental fund financial statements.
Employees are credited with sick leave at the rate of one day per month. There is no maximum to the number
of sick days that each employee can accumulate. Because the City does not pay employees for unused
accumulated sick leave, no related liability has been recorded in the financial statements.
Changes in compensated absences for the year ending September 30, 2014 were as follows:
Amount Due Amount Due
Beginning Total Ending Within One Greater than
Activity Type: Balance Earned Paid Balance Year One Year
Governmental $2,647,128 $380,737 $(205,602) $2,822,263 $219,195 $2,603,068
Business-type 602,377 81,772 ( 46,787) 637,362 49,501 587,861
Total Comp.
Absences $3,249,505 $462,509 $(252,389) $3,459,625 $268,696 $3,190,929
Internal service funds predominantly serve the governmental funds. All internal service funds are included as
part of the above totals for governmental activities. All of the Utility Customer Service Fund and a portion of the
remaining internal service funds are included in the Business-type Activities on the Statement of Net Position.
For the governmental activities, accrued vacation is generally liquidated by the general fund.
Long-Term Obligations
In the government-wide financial statements and in the fund financial statements for the proprietary fund types,
long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities,
business-type activities, or proprietary fund statement of net position. Bond premiums and discounts are
deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported
net of the applicable bond premium or discount and deferred amounts on refunding. Bond issuance costs, with
the exception of bond insurance are expensed in the period incurred.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as
bond issuance costs, during the current period. The face amount of debt issued is reported as other financing
sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt
issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt
proceeds received, are reported as debt service expenditures.
City of College Station, Texas
44
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Fund Equity
In the fund financial statements, governmental funds report fund balance classifications that comprise a
hierarchy based primarily on the specific purposes for which amounts in those funds can be spent. In the fiscal
year ended September 30, 2009, the City adopted the Governmental Accounting Standards Board Statement
(GASBS) number 54, “Fund Balance Reporting and Governmental Fund Type Definitions.” GASBS 54 provides
for and the City uses the following classifications:
Nonspendable Fund Balance includes amounts that cannot be spent because they are not in spendable form.
The “not in spendable form” criterion includes items that are not expected to be converted to cash, for example,
inventories and prepaid amounts. It also includes the long-term amount of loans receivable as well as property
acquired for resale.
Restricted Fund Balance is reported when constraints placed on the use of resources are either (a) externally
imposed by creditors, grantors, contributors, or laws or regulations of other governments; or (b) imposed by law
through constitutional provisions or enabling legislation.
Committed Fund Balance includes amounts that can only be used for specific purposes pursuant to limitations
imposed by the government’s highest level of decision-making authority. The City Council is the highest level of
decision making-authority for the government that can, by approval of a resolution prior to the end of the fiscal
year, commit fund balance. Once adopted, the limitation imposed by the resolution remains in place until a
similar action is taken (the approval of another resolution) to remove or revise the limitation.
Assigned Fund Balance includes amounts that are constrained by the government’s intent to be used for specific
purposes, but are neither restricted nor committed. The governing body, the City Council, has authorized the
Assistant City Manager, through the budget ordinance, to assign fund balance. Assignments, unlike
commitments are not permanent and a formal action is not required for the removal of an assignment. Finally,
assignments may not result in a deficit in Unassigned Fund Balance.
Unassigned Fund Balance is the residual classification for the General Fund. This classification represents fund
balance that has not been assigned to other funds nor been restricted, committed, or assigned to specific
purposes within the General Fund. In other governmental funds, if expenditures incurred for specific purposes
exceeded the amounts restricted, committed, or assigned to those purposes, it may be necessary to report a
negative unassigned fund balance.
When fund balances are available for use and the usage requirements met, the City reduces the committed
amounts first, followed by the assigned amounts and then the unassigned amount lastly. When both restricted
and unrestricted resources are available for use, it is the City's policy to use restricted resources first, and then
unrestricted resources as they are needed.
E. Budgetary Control
The City follows these procedures in establishing budgetary data:
1.Prior to September 1, City Manager submits to City Council a proposed operating budget for the upcoming fiscal
year beginning October 1. The operating budget includes proposed expenditures and the means for financing
them.
2.All budget requests are compiled by the Office of Budget & Financial Reporting and then presented with
comparative and supporting data to the Mayor and City Council for review.
3.Public hearings are properly advertised and conducted at City Hall for taxpayer comments.
4.Prior to September 27, the budget is legally enacted through passage of an ordinance.
5.The City Council must approve all transfers of budgeted amounts between departments within any fund and any
revision that alters the total expenditures of any fund. An amount is also budgeted each year for contingencies
which may arise. The Council has authorized the City Manager to make budget transfers for contingencies if
City of College Station, Texas
45
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
the amount does not exceed $15,000. All other transfers must be approved by City Council. Departments may
transfer amounts among individual budget line items within major expenditure categories during the year, but no
such transfer may increase the overall total budget without Council approval. Budgeted amounts as originally
adopted were not significantly changed by such transfers during the year.
6.In accordance with the City Charter, the budget may be amended after the following conditions are met: (a) The
City Manager certifies that there are available revenues in excess of those estimated in the budget. (b) The
City Council holds a public hearing on the supplemental appropriation. (c) The City Council approves the
supplemental appropriation. Management may not amend the budget without seeking the approval of the City
Council.
F. Budget Basis of Accounting
The City prepares its annual budget on a basis (budget basis) which differs from a GAAP basis. The budget
and all transactions are presented in accordance with the City’s method (budget basis) in the Schedule of
Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual - General Fund to provide a
meaningful comparison of actual results with the budget. The differences between budget and GAAP basis in
the General Fund are that reimbursements and transfers of indirect costs are shown as Reimbursed
Administration and interfund loan transactions are treated as transfers for budget basis. Consistent with the
purchases method, assets held for resale are treated as expenditures for budget purposes.
II. Minimum Fund Balance/Operating Reserve Policies
The unobligated (unassigned) fund balance in the General Fund should be at least 15% of the annual budgeted
General Fund expenditures. This percentage is the equivalent of 55 days expenditure. An additional amount
up to 3.0% should be maintained for extraordinary items or contingencies. Cash and investments alone should
be equivalent to 30 days operating expenditures.
The working capital (current assets less current liabilities) in the enterprise funds should be maintained at 15%
of total operating expenses or the equivalent of 55 days. Cash and Investments alone should be equivalent to
30 days of operations.
III.Stewardship, Compliance, and Accountability
A. Budgetary Information
The Council approved five budget amendments during fiscal year 2014. These five budget amendments
included the following appropriations:
First Street Property Sale Proceeds $2,375,822 Assessment of Transportation Needs $ 80,000
Veterans Park Turf & Irrigation Improvements 157,250 HazMat Truck for Fire Dept. 170,000
Aggies Go to War Exhibit 225,000 Repairs for Northgate Parking Garage 28,456
Encumbrance Roll 3,943,810 EMBRACE Project 180,974
Sponsorship of COCS 75th Anniversary 43,079 Code Enforcement Personnel Needs 43,515
Consulting for Municipal Management Districts 50,000 Purchased Power & Wheeling Charges 7,500,000
FD Personnel & Equipment Needs 51,115 Oversize Participation Funds 52,727
Personnel Needs in City Manager’s Office 53,500 PD Equipment 39,747
Personnel Needs in the Public Communications Dept. 42,933 CVB Relocation Cost 46,313
Sanitation Overtime Costs 30,000 Fleet Overtime Costs 15,000
Council Chamber Upgrade 22,994 Grants 46,327
$15,198,562
1.Budget appropriations are adopted at the fund level for all funds except the General Fund. In the General Fund,
budget appropriations are adopted at the department level. Expenditures in excess of appropriations for each
fund are prohibited by the City Charter. Appropriations lapse at the end of the budget year if they have not been
expended or lawfully encumbered.
2.Formal budgetary integration is legally enacted and employed as a management control device during the year
for all funds.
City of College Station, Texas
46
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
3. Encumbrance accounting is employed in governmental funds. Encumbrances (e.g., purchase orders, contracts)
outstanding at year end are reported as assignments of fund balances and do not constitute expenditures or
liabilities.
B. Excess of Expenditures over Appropriations
The amounts of any excesses of expenditures over appropriations during fiscal year 2014 and the funds in which
they occurred are as follows:
Fund Amount
Court Security Fee Fund $ 2,324
Hotel Tax Fund 2,896,963
IV. Detailed Notes on All Funds
A. Cash and Investments
Cash and investments are accounted for within the pooled cash fund of the City. The City records investments
at fair value in accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain
Investments and for External Investment Pools.
Cash and cash equivalents, investment balances and interest income are allocated to the City’s participating
funds on a monthly basis. The amount of the allocation is based on each fund's proportional equity to total
pooled equity.
Weighted Average
Fair Value Maturity (days)
Bank Demand Accounts $ 84,266,959 1
Money Market Accounts 30,571,604 1
Certificates of Deposits 14,065,265 271
Texas Local Government Investment Pool 30,296,400 1
$159,200,228
Portfolio Weighted Average Maturity 25
Interest rate risk: In accordance with the City's Investment Policy, interest rate risk is managed by limiting the
weighted average maturity of the investment portfolio to two years (approximately 720 days) or less and by
limiting the maximum maturity of any security purchased to five years or less.
Credit risk: Investments authorized by the City’s policy are those approved by the revised State of Texas Public
Funds Investment Act of 1997 and 2011 and the Texas Public Collateral Act of 1989. These investments include
the following:
1. Direct obligations of the United States government: U.S. Treasury Bills, U.S. Treasury Notes, and U.S.
Treasury Bonds as well as Bonds or other interest bearing obligations for which the principal and interest
are guaranteed by the full faith and credit of the United States government and rated not less than A or its
equivalent by at least one nationally recognized investment rating firm.
2. Federal Agencies and Instrumentalities including but not limited to, discount notes, callables and debentures
of the Federal National Mortgage Association (FNMA), the Federal Home Loan Bank (FHLB), the Federal
Farm Credit Bank (FFCB), and the Federal Home Loan Mortgage Corporation (FHLMC).
3. Time Certificates of Deposit, insured by the Federal Deposit Insurance Corporation (FDIC) or its successor,
or the National Credit Union Share Insurance Fund or its successor, in state or national banks. Any deposits
exceeding FDIC insurance limits shall be collateralized at 102% of the face amount of the Certificate of
City of College Station, Texas
47
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Deposit by securities listed in 1 - 2 above and held by the City's custodial bank or the custodial bank of the
institution the CD’s are held. Bids for Certificates of Deposit may be solicited orally, in writing, electronically
or using any combination of these methods.
4. Repurchase Agreements with a defined termination date of 90 days or less collateralized by a combination
of cash and securities listed in 1 - 2 above. Collateral must have a minimum market value of 102% of the
repurchase agreement, and must be held by the custodian bank or other independent third-party custodian
contracted by the City. Bond proceeds may be invested in flexible repurchase agreements with maturity
dates not exceeding the expected final project expenditure if a formal bidding process is followed and
properly documented for IRS purposes.
5. Commercial Paper maturing within 180 days carrying a minimum rating not less than A-1 or P-1 or equivalent
by two nationally recognized rating agencies, or; rated not less than A-1 or P-1 equivalent by one nationally
recognized rating agency plus secured by an irrevocable letter of credit issued by a domestic bank.
6. AAA rated Money Market Mutual Funds registered with the Securities and Exchange Commission that invest
exclusively in investments described in this section.
7. AAA-rated Investment Pools organized under the Texas Interlocal Cooperation Act that follow the
requirements in the Public Funds Investment Act and which have been specifically approved by the City.
The City is a voluntary participant in two external investment pools, Texpool and TexSTAR. The pools are
2a7-like pools, which are not registered with the Securities and Exchange Commission (SEC) as an
investment company, but have a policy that it will, and does, operate in a manner consistent with the SEC’s
Rule 2a7 of the Investment Company Act of 1940. This type of pool uses amortized investment costs rather
than market values to compute participant share values. Furthermore, the pools in which the City
participates seek to maintain a stable $1 net asset value per share of unit. Accordingly, the fair value of the
City’s position in these pools is substantially the same as the market value of the shares in each of the pools.
As of September 30, 2014, the City’s investments in Texpool and TexSTAR were rated by Standard & Poor's
as AAAm.
Credit concentration: With the exception of U.S. Treasury securities and authorized pools, the City's
Investment Policy limits the investment in a single security type or with a single financial institution to 30%.
It also limits the overall investment in Federal Agency securities to 70% and Certificates of Deposit to 30%.
As of September 30, 2014, the issuers whose securities represented more than 5% of the City's investment
portfolio were as follows: American Momentum Bank (9%) and Branch Banking and Trust Company (19%).
Custodian credit risk – deposits: In the case of deposits, this is the risk that in the event of a bank failure,
the government's deposits may not be returned to it. The City of College Station's City Council has approved
a depository services contract which governs its depository relationship. This contract requires that deposits
not covered by depository insurance be collateralized at 105%. The City’s depository bank collateralizes the
city’s funds at 110%.
Custodian credit risk – investments: For an investment, this is the risk that, in the event of the failure of the
counterparty, the government will not be able to recover the value of its investments or collateral securities
that are in the possession of an outside party. The City's investment portfolio requires that all security
transactions be conducted on a Delivery-vs.-Payment basis and that all securities be held by a third party
custodian and evidenced by safekeeping receipts.
City of College Station, Texas
48
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
B. Receivables
Receivables as of year-end for the City's individual major funds and non major and internal service funds in the
aggregate, including the applicable allowances for uncollectible accounts, are as follows:
Debt Street Internal
Governmental activities: General Service Projects Nonmajor Service Fund Total
Taxes:
Property $ 501,883 $506,128 $ - $ - $ - $1,008,011
Beverage 137,505 - - - - 137,505
Sales 2,159,957 - - - - 2,159,957
Subtotal taxes 2,799,345 506,128 - - - 3,305,473
Grants - - - 720,804 - 720,804
Charges for services 1,364,867 - 345,997 287,031 65,900 2,063,795
Loans - - - 1,237,531 - 1,237,531
Miscellaneous 69 - - - - 69
Total gross governmental 4,164,281 506,128 345,997 2,245,366 65,900 7,327,672
Less allowance for
uncollectible accounts ( 34,766) - - ( 29,038) (20,466) ( 84,270)
Net total receivables $4,129,515 $506,128 $345,997 $2,216,328 $ 45,434 $7,243,402
Internal
Electric Water Wastewater Nonmajor Service Fund Total
Business-type activities:
Charges for services $14,544,255 $1,931,462 $1,818,124 $1,026,836 $ - $19,320,677
Less allowance for
uncollectible accounts (1,558,899) ( 91,087) ( 184,887) ( 101,023) - ( 1,935,896)
Net total receivables $12,985,356 $1,840,375 $1,633,237 $ 925,813 $ - $17,384,781
Loans Receivable in the non-major governmental funds are made up of the following: a $500,000, 40-year loan
of HOME Investment Partnership (HOME) funds for Santour Court, an affordable, single-family residential
development; $519,425 in HOME down-payment assistance loans for eligible HOME participants whose loans
are made with Federal funds from the Department of Housing and Urban Development (HUD); two Community
Development Housing Reconstruction Program Lien Notes held by the City which total to $218,106. Loans
Receivable in the non-major business-type funds represent BVSWMA, Inc.’s obligation to reimburse 2009
College Station Certificate of Obligation debt issued and used to construct the Twin Oaks Landfill. The annual
principal and interest receivable amounts are as follows:
Due from Related Party
Year Ended September 30, Principal Interest
2015 $ 240,000 $ 163,910
2016-2020 1,150,000 705,089
2021-2025 1,365,000 462,767
2026-2030 1,345,000 125,573
$4,100,000 $1,457,339
Governmental funds report unearned revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. As of fiscal year end, the unearned revenue
reported in the governmental funds related to emergency services was $1,016,145.
City of College Station, Texas
49
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
C. Capital Assets
Capital asset activity for the year ended September 30, 2014 was as follows:
Beginning Ending
Governmental Activities Balance Increases Decreases Adjustments Balance
Capital Assets, not being depreciated
Land $ 43,050,894 $ - $( 2,383,961) $ - $ 40,666,933
Construction in progress 10,151,816 9,782,344 ( 8,448,883) 980 11,486,257
Total capital assets not being depreciated 53,202,710 9,782,344 (10,832,844) 980 52,153,190
Capital assets, being depreciated
Buildings and other improvements 43,173,443 25,827 ( 1,554,709) - 41,644,561
Improvements other than buildings 37,299,014 3,600,920 ( 199,967) - 40,699,967
Machinery and equipment 37,379,134 2,477,275 ( 3,621,830) - 36,234,579
Infrastructure 254,704,512 10,853,925 ( 44,300) - 265,514,137
Total capital assets, being depreciated 372,556,103 16,957,947 ( 5,420,806) - 384,093,244
Less accumulated depreciation for:
Buildings and building improvements 12,348,882 706,750 ( 1,232,860) - 11,822,772
Improvements other than buildings 17,429,420 1,695,927 ( 161,723) - 18,963,624
Machinery and equipment 25,501,908 3,825,493 ( 3,578,504) - 25,748,897
Infrastructure 128,913,470 8,069,887 ( 41,534) - 136,941,823
Total accumulated depreciation 184,193,680 14,298,057 ( 5,014,621) - 193,477,116
Total capital assets being depreciated, net 188,362,423 2,659,890 ( 406,185) - 190,616,128
Governmental type activities
capital assets, net $241,565,133 $12,442,234 $(11,239,029) $ 980 $242,769,318
Beginning Ending
Business-Type Activities Balance Increases Decreases Adjustments Balance
Capital Assets, not being depreciated
Land $ 690,750 $ - $ - $ - $ 690,750
Construction in progress 36,991,755 15,148,982 (8,849,601) - 43,291,136
Total capital assets not being depreciated 37,682,505 15,148,982 (8,849,601) - 43,981,886
Capital assets, being depreciated
Electric system 162,535,495 8,248,908 ( 423,151) - 170,361,252
Water system 160,106,661 3,309,933 ( 441,218) - 162,975,376
Wastewater system 123,876,162 2,120,277 ( 261,354) - 125,735,085
Buildings and other improvements 5,743,755 - ( 6,076) - 5,737,679
Machinery and equipment 5,590,795 1,747,963 ( 979,863) - 6,358,895
Total capital assets, being depreciated 457,852,868 15,427,081 (2,111,662) - 471,168,287
Less accumulated depreciation for:
Electric system 77,798,998 5,294,817 (423,151) (98,133) 82,572,531
Water system 47,560,123 4,317,840 (321,211) - 51,556,752
Wastewater system 45,710,754 4,174,328 (258,298) - 49,626,784
Buildings and other improvements 1,693,729 143,507 (1,912) - 1,835,324
Machinery and equipment 3,247,932 679,030 ( 979,863) - 2,947,099
Total accumulated depreciation 176,011,536 14,609,522 (1,984,435) (98,133) 188,538,490
Total capital assets being depreciated, net 281,841,332 817,559 ( 127,227) 98,133 282,629,797
Business type activities capital assets, net $319,523,837 $15,966,541 $(8,976,828) $ 98,133 $326,611,683
City of College Station, Texas
50
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Depreciation expense for fiscal year 2014 was charged as follows:
General Government $ 801,804
Fiscal Services 642,654
Police 3,589,763
Fire 2,818,493
Planning and Development Services 781,452
Public Works 1,596,593
Parks and Recreation 1,055,862
Library 225,992
Non-departmental 905,082
Capital Assets held by Internal Service Fund 1,880,362
Governmental Activities Depreciation Expense $14,298,057
Electric $ 5,294,817
Water 4,317,840
Wastewater 4,174,328
Sanitation 563,739
Northgate Parking 258,798
Business-Type Depreciation Expense $14,609,522
D. Interfund Transactions
Transfers between funds during the year were as follows:
Governmental Business-type
Transfers In Transfers Out Activities, net Activities, net
Governmental Activities:
General Fund $15,158,581 $( 4,444,465) $10,714,117 $ -
Debt Service Fund 196,058 - 196,058 -
Streets Projects 1,588,163 ( 531,890) 1,056,273 -
Other Nonmajor Governmental Funds 3,855,894 ( 2,338,158) 1,517,735 -
Internal Service Funds - ( 548,450) ( 548,450) -
Business-Type Activities:
Enterprise Funds:
Electric 743,273 ( 7,436,794) - ( 6,693,521)
Water 8,116 ( 2,783,576) - ( 2,775,460)
Wastewater 17,652 ( 2,531,377) - ( 2,513,725)
Other Nonmajor Enterprise Funds 406,983 ( 1,360,010) - (953,027)
$21,974,720 $(21,974,720) $12,935,733 $(12,935,733)
Transfers are used to (1) move revenues from the funds with collection authorization to the debt service fund as
debt service principal and interest payments become due, (2) move revenues from enterprise funds to the
general fund to record the utility transfer in lieu of franchise fees, (3) move revenues from enterprise funds to the
general fund for economic development activity, (4) move unrestricted general fund revenues to finance various
programs that the government must account for in other funds in accordance with budgetary authorizations.
City of College Station, Texas
51
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
E. Operating Leases
The city acquired property on University Drive known as the Chimney Hill Property in fiscal year 2009 with the
intention to build a convention center on the property. Hotel tax funds were used to finance $7,000,000 of the
purchase, with the remainder of the purchase price coming from Certificate of Obligation, Series 2009. The
purchase price was allocated between the land, $6,555,190, and an existing building on the property,
$3,084,795. As of September 30, 2014, the building carried a net value of $2,699,196 and $385,599 in
accumulated depreciation.
The building at Chimney Hill was partially leased to private businesses when the City acquired the property. At
September 30, 2014, one space is being rented on a month-to-month basis to Western Beverage. Two other
spaces have leases as follows:
Operating Leases
Year Ended September 30, Republic Da Vita Total
2014 $108,641 $226,206 $334,847
2015 - 20,226 20,226
$108,641 $246,432 $355,072
F. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred
outflows of resources. This separate financial statement element, deferred outflows of resources, represents a
consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of
resources (expense/expenditure) until then. For the period ended September 30, 2014, the City reported
$3,094,137 in charges on debt refunding as deferred outflow of resources. These charges are reported on the
government wide Statement of Net Position and will be amortized over the life of the refunding debt.
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred
inflows of resources. This separate financial statement element, deferred inflows of resources, represents an
acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources
(revenue) until that time. The City has only one type of item, which arises only under a modified accrual basis
of accounting, which qualifies for reporting in this category. Accordingly the item, unavailable revenue, is
reported only in the governmental funds balance sheet.
The governmental funds report unavailable revenues from the following sources:
Unavailable Unearned Total
Property tax $1,008,012 $ - $1,008,012
Loans Receivable 211,942 - 211,942
Other-Cemetery Plot Loans Receivable 22,762 - 22,762
$1,242,716 $ - $1,242,716
These amounts are deferred and recognized as an inflow of resources in the period that the amounts become
available.
G. Prior Period Adjustment
It was determined that one governmental construction project that was contributed by developers was completed
in fiscal year 2013 but was not recorded in donated assets until fiscal year 2014. A prior period adjustment was
made to reflect the donated assets and the related depreciation expense that should have been recorded in
fiscal year 2013. The prior period adjustment increased the beginning net position by $583,494.
City of College Station, Texas
52
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
H. Long-Term Debt
The City elected to implement GASB Statement 65 for fiscal year 2013. A summary of long-term debt
transactions, including current portion, for the year ended September 30, 2014 follows:
Amounts
Beginning Incurred/ Matured/ Ending Due Within
Balance Issued Retired Balance One Year
Governmental activities:
General obligation bonds $ 79,710,000 $21,230,000 $11,890,000 $ 89,050,000 $ 7,195,000
Certificates of obligation 17,160,000 10,665,000 6,020,000 21,805,000 1,915,000
Premium/discount 3,043,121 3,624,222 319,989 6,347,354 493,973
Governmental activity
Long term debt $ 99,913,121 $35,519,222 $18,229,989 $117,202,354 $ 9,603,973
Business-type activities:
General obligation bonds $ 39,230,000 $14,635,000 $ 3,965,000 $ 49,900,000 $ 5,230,000
Certificates of obligation 71,025,000 23,340,000 3,055,000 91,310,000 4,005,000
Utility revenue bonds 34,765,000 - 19,845,000 14,920,000 1,525,000
Premium/discount 4,844,226 5,255,494 698,816 9,400,904 794,476
Business-type activity
Long term debt $149,864,226 $43,230,494 $27,563,816 $165,530,904 $11,554,476
Due to implementation of GASB No. 63 and 65, deferred loss from refunding transactions have been reclassified
from a liability to a deferred outflow of resources and is no longer presented in the long-term debt table presented
above.
Internal service funds predominantly serve the governmental funds. All internal service funds, except for the
utility customer service fund, are included as part of the above totals for governmental activities.
Long-term debt at September 30, 2014 includes the following individual issues (not including unamortized
premiums or discounts):
Interest
Rate (%)
Issue
Date
Maturity
Date
Original
Issue Net Retirement Outstanding
General Obligation Bonds:
2005 Issue 4.00-6.00 5/1/05 2/15/25 $ 5,710,000 $ 5,710,000 $ -
2006 Issue 4.375-6.375 7/1/06 2/15/26 7,375,000 7,080,000 295,000
2006 Issue – Refunding 4.00-5.00 12/1/06 2/15/18 10,255,000 5,185,000 5,070,000
2007 Issue 4.25-6.25 9/1/07 2/15/27 3,930,000 1,750,000 2,180,000
2008 Issue 4.00-5.00 9/1/08 2/15/28 9,455,000 2,775,000 6,680,000
2009 Issue 3.50-4.00 7/15/09 2/15/21 3,335,000 550,000 2,785,000
2009 Issue – Refunding 2.00-4.00 11/15/09 2/15/20 4,265,000 2,140,000 2,125,000
2010 Issue 2.00-3.50 8/15/10 2/15/30 19,635,000 3,015,000 16,620,000
2010 Issue – Refunding 0.30-5.00 11/15/10 2/15/22 11,245,000 2,945,000 8,300,000
2011 Issue 0.25-1.60 9/15/11 2/15/18 1,960,000 1,120,000 840,000
2012 Issue & Refunding 2.00-5.00 6/1/12 2/15/32 11,515,000 1,820,000 9,695,000
2013 Issue & Refunding 2.00-5.00 8/15/13 2/15/33 14,505,000 1,275,000 13,230,000
2014 Issue & Refunding 2.00-5.00 9/1/14 2/15/34 21,230,000 - 21,230,000
$124,415,000 $35,365,000 $89,050,000
City of College Station, Texas
53
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
General Obligation Bonds – Business-type Activities:
2009 Issue – Refunding 2.00-4.00 11/15/09 2/15/20 $ 3,830,000 $ 1,925,000 $ 1,905,000
2010 Issue – Refunding 0.30-5.00 11/15/10 2/15/22 25,905,000 6,195,000 19,710,000
2012 Issue & Refunding 2.00-5.00 6/1/12 2/15/32 9,570,000 2,175,000 7,395,000
2013 Issue & Refunding 2.00-5.00 6/1/12 2/15/32 6,255,000 - 6,255,000
2014 Issue & Refunding 2.00-5.00 8/15/13 2/15/33 14,635,000 - 14,635,000
$ 60,195,000 $10,295,000 $ 49,900,000
Total General Obligation Bonds $184,610,000 $45,660,000 $138,950,000
Certificates of Obligation – Governmental Activities:
2005 Issue 3.00-4.50 5/1/05 2/15/25 $ 7,595,000 $ 7,595,000 $ -
2006 Issue 4.375-6.375 7/1/06 2/15/26 8,325,000 7,915,000 410,000
2007 Issue 4.25-6.25 9/1/07 2/15/27 3,960,000 1,765,000 2,195,000
2008 Issue 3.25-5.00 9/1/08 2/15/28 22,855,000 15,465,000 7,390,000
2009 Issue 3.00-5.00 7/15/09 2/15/29 5,880,000 4,975,000 905,000
2010 Issue 2.00-3.50 8/15/10 2/15/30 1,050,000 810,000 240,000
2014 Issue 2.00-5.00 9/1/14 2/15/34 10,665,000 - 10,665,000
$ 60,330,000 $38,525,000 $ 21,805,000
Certificates of Obligation – Business-type Activities:
2008 Issue 3.25-5.00 9/1/08 2/15/28 $ 15,925,000 $ 3,300,000 $ 12,625,000
2009 Issue 3.00-5.00 7/15/09 2/15/29 30,580,000 9,970,000 20,610,000
2010 Issue 2.00-3.50 8/15/10 2/15/30 2,850,000 395,000 2,455,000
2011 Issue 2.00-3.60 9/15/11 2/15/31 7,920,000 820,000 7,100,000
2012 Issue 2.00-5.00 6/1/12 2/15/32 16,415,000 1,100,000 15,315,000
2013 Issue 2.00-5.00 8/15/13 2/15/33 10,230,000 365,000 9,865,000
2014 Issue 2.00-5.00 9/1/14 2/15/34 23,340,000 - 23,340,000
$107,260,000 $15,950,000 $ 91,310,000
Total Certificates of Obligation $167,590,000 $54,475,000 $113,115,000
Utility Revenue Bonds:
2005 Issue 4.00-5.50 5/1/05 2/1/25 $ 8,035,000 $ 8,035,000 $ -
2005A Issue – Refunding 3.00-5.25 8/1/05 2/1/18 12,995,000 12,995,000 -
2006 Issue 4.375-6.375 7/1/06 2/1/26 16,950,000 16,205,000 745,000
2007 Issue 4.00-5.75 9/1/07 2/1/27 18,665,000 4,490,000 14,175,000
$ 56,645,000 $41,725,000 $ 14,920,000
Total Outstanding Bonds $266,985,000
The annual requirements to amortize debt outstanding as of September 30, 2014 are as follows:
Governmental Activities
Year Ended September 30, General Obligation Certificates of Obligation
Principal Interest Principal Interest
2015 $ 7,195,000 $ 3,347,863 $ 1,915,000 $ 872,791
2016 7,145,000 3,159,601 1,515,000 847,891
2017 7,360,000 2,892,721 1,430,000 794,925
2018 6,645,000 2,619,331 1,370,000 737,781
2018 5,855,000 2,356,546 1,445,000 673,399
2019 26,635,000 8,340,213 7,985,000 2,406,350
2020-2024 19,705,000 3,355,474 4,665,000 840,689
2025-2029 8,510,000 639,826 1,480,000 192,000
2030-2034 $ 89,050,000 $ 26,711,575 $ 21,805,000 $ 7,365,826
City of College Station, Texas
54
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Business-Type Activities
General Obligation Certificates of Obligation Utility Revenue
Year Ended
September 30, Principal Interest Principal Interest Principal Interest
2015 $ 5,230,000 $ 1,974,766 $ 4,005,000 $ 3,540,013 $ 1,525,000 $ 625,012
2016 6,265,000 1,814,200 4,100,000 3,492,099 825,000 569,790
2017 6,280,000 1,568,699 3,985,000 3,361,180 865,000 535,558
2018 5,535,000 1,311,013 4,180,000 3,217,311 915,000 498,610
2019 5,025,000 1,070,550 4,385,000 3,054,861 965,000 458,648
2020-2024 18,590,000 2,448,750 25,070,000 12,555,272 5,650,000 1,596,118
2025-2029 2,975,000 135,125 30,185,000 6,780,471 4,175,000 288,338
2030-2034 - - 15,400,000 1,577,533 - -
$ 49,900,000 $ 10,323,103 $ 91,310,000 $ 37,578,740 $ 14,920,000 $4,572,074
The City intends to retire all of its general long-term liabilities, plus interest, from ad valorem taxes. Proprietary
fund type long-term debt issued for Northgate Parking Garage, Electric, Water and Wastewater projects will be
repaid, plus interest, from the operating revenues of their respective funds.
General Obligation Bonds and Certificates of Obligation
The City issues General Obligation Bonds and Certificates of Obligation to provide funds for the acquisition and
construction of major capital facilities. These types of bonds have been issued by the City for both governmental
activities as well as business-type activities. These bonds are reported in the proprietary funds if they are
expected to be repaid from proprietary fund revenue.
General Obligation Bonds are direct obligations, for which the City has pledged the full faith and credit of the
City. These bonds generally are issued as 20-year serial bonds with varying amounts of principal maturing each
year.
The City is required by bond covenants to create from ad valorem tax revenues a sinking fund sufficient to pay
the current interest and principal installments as they become due. In addition to the sinking fund, there are a
number of limitations and restrictions contained in the various general obligation bonds and certificate
indentures. The City is in compliance with the significant limitations and restrictions at September 30, 2014.
On September 1, 2014 the City issued $35,865,000 General Obligation Improvement and Refunding Bonds,
Series 2014. The refunded bonds were an advanced refunding of General Obligation Improvement Bonds,
Series 2006; Certificates of Obligation, Series 2006; and a portion of Utility Revenue Refunding Bonds, Series
2005A and Utility Revenue Bonds, Series 2006 and was undertaken to reduce total general obligation and utility
revenue debt service payments over the next 12 years by $3,459,390 resulting in net present value savings of
$2,978,381. The true interest cost of the General Obligation and Refunding Bonds is 2.109203%. Proceeds of
$12,695,000 from the sale of the bonds will be used to pay for (1) costs of construction, acquisition of and
improvements to City streets; (2) parks and parks facilities improvements, (3) library expansion, and (4) pay the
costs incurred in connection with the issuance of the bonds.
The City issued $34,005,000 in Certificates of Obligation, dated September 1, 2014, with a true interest cost of
3.099280%. The proceeds from the sale of the Certificates will be used to pay for (1) costs of construction,
acquisition of and improvements to City streets, (2) construction of improvements to the City’s combined electric,
waterworks and wastewater systems, and (3) to pay costs incurred in connection with the issuance of the
Certificates.
In 2009, the City issued $31,315,000 in Certificates of Obligation. $2,600,000 of the proceeds was used to
purchase land for a convention center site. Council no longer intends to build a convention center, therefore,
causing a change in use to the property. In order to maintain the tax exempt status of the 2009 Certificates of
Obligation, Council approved to defease the convention center bonds on November 21, 2011. On December 1,
2011 the bonds were defeased. $2,728,149 was placed in an escrow account with Bank of New York to cover
the principal and interest amount of the bonds until their call date of February 15, 2019. Also, in 2009, the City
issued $5,145,000 in Certificates of Obligation to pay for a portion of the construction of a new municipal landfill.
City of College Station, Texas
55
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
BVSWMA, Inc. has pledged to repay the $5,145,000 plus interest to the City of College Station. As of September
30, 2014 BVSWMA, Inc. owed the City $4,100,000.
Revenue Bonds
Utility system revenue bonds are secured by the net revenues of the Electric, Water, and Wastewater Funds as
defined in the respective bond indentures. The City pledges income derived from the acquired or constructed
assets to pay the debt service. In addition, the City is required to maintain debt service funds and bond reserve
funds for all outstanding revenue bonds. Amounts in the reserve fund are to be used to pay principal and interest
on outstanding bonds at any time sufficient funds are not available in the bond interest and redemption fund.
The bond indentures require that the City accumulate reserves of an amount equal to the average annual
principal and interest requirements of all outstanding bonds secured by the net revenues of the system.
Arbitrage Compliance
Arbitrage provisions of the Internal Revenue Tax Act of 1986 require the City to rebate to the federal government
excess arbitrage earnings from bond proceeds. As of September 30, 2014, the City did not have an arbitrage
rebate liability.
Defeasance
In prior years, the City issued refunding bonds to defease certain outstanding bonds for the purpose of
consolidation and to achieve debt service savings. The City has placed the proceeds from the refunding issues
in irrevocable escrow accounts with a trust agent to ensure payment of debt service on the refunded bonds.
Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the City’s financial
statements. Although defeased, the refunded debt from these earlier issues will not be retired until the call dates
have come due or until maturity if they are not callable issues. On September 30, 2014, the City’s escrow
balance for bonds defeased on December 1, 2011 was $2,191,075. The defeased bonds are not callable until
February 15, 2018. The escrow balance for bonds defeased on September 1, 2014 was $21,267,000. The
defeased bonds are not callable until February 1, 2015 and February 15, 2015.
I. Components of Fund Balance
Fund balances for governmental funds at September 30, 2014 are as follows:
General Debt Service
Streets Projec
ts Other Total
Fund balances:
Nonspendable:
Assets Held for Resale $ - $ - $ - $ 6,485,508 $6,485,508
Inventories 45,181 - - - 45,181
Prepaids 19,413 - - - 19,413
Restricted for:
Community and Neighborhood Parks - - - 4,270,830 4,270,830
Community Development - - - 1,659,028 1,659,028
Court Security Fee - - - 49,247 49,247
Court Technology Fee - - - 450,134 450,134
Debt Service - 3,214,434 - - 3,214,434
Drainage Fee - - - 3,143,513 3,143,513
General Government Capital Projects - - 23,569,205 6,776,791 30,345,996
Hotel Occupancy Tax - - - 5,157,946 5,157,946
Juvenile Case Manager - - - 288,145 288,145
Parks and Recreation Capital
Projects
- - - 8,645,168 8,645,168
Police Seizure - - - 84,487 84,487
Wolf Pen Creek TIF - - - 1,253,781 1,253,781
Truancy Prevention - - - 8,508 8,508
West Medical District TIRZ No. 18 - - - 75,131 75,131
East Medical District TIRZ No. 19 - - - 1,037 1,037
PEG Access Channel - - - 230,247 230,247
Meyer Estate Gift - - - 116,250 116,250
City of College Station, Texas
56
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
General Debt Service
Streets Projec
ts Other Total
Committed to:
College Station Cemetery Perpetual
Care - - - 1,810,874 1,810,874
Memorial Cemetery - - - 1,561,202 1,561,202
Memorial Cemetery Perpetual Care - - - 757,993 757,993
Assigned to:
Encumbrances 1,457,390 - - - 1,457,390
Unassigned 18,722,265 - - - 18,722,265
$20,244,249 $ 3,214,434 $23,569,205 $42,825,820 $89,853,708
V. Other Information
A. Property Taxes
Property tax is levied each October 1 on the assessed (appraised) value listed as of the prior January 1 for all
real and business personal property located in the City. Taxable assessed value represents the appraisal value
less applicable exemptions authorized by the City Council.
Taxes are due October 1 and are delinquent after the following January 31. Tax liens are automatic and become
enforceable as of January 1 of each year. Taxes become delinquent February 1 and are subject to interest and
penalty charges. The tax rate to finance general governmental services including debt service was 42.5958
cents per $100 of assessed valuation for the year ended September 30, 2014. Under current state statutes, the
City's ability to increase the levy for property taxation is subject to a maximum rate of $2.50 per $100 valuation.
The Brazos County Appraisal District ("Appraisal District") is responsible for the recording and appraisal of
property for all taxing units in Brazos County. The Appraisal District is required to assess property at 100 percent
of its appraised value. Real property must be reappraised at least every three years. The City may, at its own
expense, require annual reviews by the Appraisal District through various appeals and, if necessary, legal action.
Under this system, if the rate, excluding tax rates for bonds and other contractual obligations adjusted for new
improvements, exceeds the rate for the previous year by more than eight (8) percent, qualified voters of the City
may petition for an election to determine whether to limit the tax rate to no more than eight (8) percent above the
tax rate of the previous year.
Brazos County bills and collects the property taxes for the City.
B. Risk Management
A government entity such as the City of College Station faces many risks. These risks generally can be divided
into four loss categories: direct property loss, indirect property loss, liability loss, and personnel losses. The City
employs a combination of risk management strategies to provide acceptable levels of protection from these
exposures.
The City is self-insured for health benefits, and the plan is administered by Blue Cross Blue Shield of Texas.
This activity is accounted for in the Employee Benefits Fund, which is funded monthly from employee
contributions and City operating funds. Contributions are determined based on an analysis of prior year claims
and administrative costs and a forecast of future claims and administrative costs. The City’s stop loss insurance
policy limits the City’s liability to $150,000 per individual per year, with an aggregate attachment point for the last
12 months of $7,066,412. The liability for outstanding losses includes $1,172,446 for claims incurred but not
reported as of September 30, 2014.
In fiscal year 2014, City real and personal property and mobile equipment was insured by Affiliated FM, A.M.
Best rated A+, financial category XV. Affiliated FM premiums were funded by calculated contributions from the
City's operating funds. Affiliated FM provided claims handling for these coverage lines. The City carried a
City of College Station, Texas
57
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
property insurance policy deductible between $100,000 and $250,000 per occurrence, depending on type of
loss. Property insurance covered all direct losses and some indirect losses.
The City self-insures all liability coverage lines. Licensed adjusters in the City’s Risk Management office process
liability claims with assistance from Abercrombie, Simmons & Gillette (AS&G), a Third Party Administrator, which
also handles the City’s Workers' Compensation claims. In the event of a simultaneous liability and Workers'
Compensation claim, only one SIR (self-insured retention) applies.
To further protect the City from catastrophic loss, the City carries excess liability and Workers’ Compensation
coverage through Star Insurance Company; A.M. Best rated B++, financial category X. The self-insured
retention ("SIR") for 2014 was $500,000 per claim.
Liabilities in the property and casualty fund and the Workers’ Compensation fund are reported to the carrier when
it is probable a covered loss has occurred and the loss amount can be reasonably estimated. Liabilities include
an amount for claims incurred but not reported. Based on the most recent actuarial study, the City has recorded
a potential liability of $194,012 in the property and casualty fund and a potential liability of $284,178 in the
Workers’ Compensation fund. The results of the process to estimate the claims liability is not exact, as it depends
on many complex factors, such as inflation, changes in legal doctrines, and damage awards. Accordingly, claims
are re-evaluated periodically to accommodate the effects of inflation, recent claim settlement trends (including
frequency and amount of pay-outs), and other economic and social factors. Settlements have not exceeded
self-insured retention in each of the past three fiscal years.
As a reimbursing employer, the City uses the Unemployment Fund to pay qualified claims filed under the Texas
Unemployment Compensation Act. Monthly contributions to fund this activity are based on a percentage of
payroll determined annually during the budget process.
The liabilities for insurance claims reported in each of the funds are based on Governmental Accounting
Standards Board Statement No. 10, which requires a liability for claims to be reported if information prior to the
issuance of the financial statements indicates it is probable a liability has been incurred at the date of the financial
statements and if the amount of the loss can be reasonably estimated.
These liabilities include an estimate for incurred but not reported claims. Changes in the balances of claims
liabilities for the self-insurance funds accounted for as Internal Service Funds for fiscal years 2014 and 2013 are
as follows:
2014 2013
Unpaid Claims, October 1 $1,641,547 $1,515,910
Incurred Claims (including IBNR’s) 7,256,283 6,553,303
Claims Paid (7,247,194) (6,427,666)
Unpaid Claims, September 30 $1,650,636 $1,641,547
C. Joint Venture
In 1990 the Brazos Valley Solid Waste Management Agency (“BVSWMA”) was formed under a joint solid waste
management agreement between the Cities of College Station and Bryan. College Station and Bryan agreed to
cooperatively operate a joint facility for the proper disposal of solid waste for the two cities and outside customers.
Each City reported 50% ownership in BVSWMA. The City of College Station served as landfill operator. This
basic structure is how BVSWMA operated until 2010.
In February 2010 the City Councils for the City of Bryan and the City of College Station approved Articles of
Incorporation for BVSWMA, Inc. a Local Government Corporation under the provisions of Subchapter D of
Chapter 431, Texas Transportation Code; and Chapter 394, Texas Local Government Code. In March 2010,
the City Councils of Bryan and College Station approved by-laws for BVSWMA, Inc., which establishes the power
to issue debt and to acquire land.
The powers of BVSWMA, Inc. are vested in a 7 member Board of Directors, with each City Council appointing 3
members and the 7th member to be selected by an approval process set forth in the Articles of Incorporation
and deemed to have been appointed by the Cities.
City of College Station, Texas
58
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
On September 13, 2010, Bryan City Council, College Station City Council and the BVSWMA, Inc. Board of
Directors formalized the creation of BVSWMA, Inc. and the dissolution of BVSWMA, effective October 1, 2010,
with the approval and execution of a(n):
•Borrowed Employee Agreement between the City of College Station and BVSWMA, Inc.;
•Asset Transfer and Debt Reimbursement Agreement between BVSWMA, Inc., the City of College Station and
the City of Bryan;
•Agreement between the City of College Station, the City of Bryan and BVSWMA, Inc. regarding the
Assignment and Assumption of Contracts and Payables;
•Final Settlement Agreement and Release related to the final settlement and dismissal of the certain lawsuit
referred to as City of Bryan, Texas v. City of College Station, Texas, Cause No. 08-001626-CV-272 in the
272nd District Court of Brazos County, Texas, ("the Lawsuit"); consider the Agreed Motion to Dismiss; and,
consider the Agreed Order of Dismissal.
Subsequent to the end of the fiscal year ended September 30, 2010, BVSWMA transferred all of its assets to
BVSWMA, Inc. College Station reports BVSWMA, Inc. as a joint venture with the City of Bryan and recognizes
50% ownership in BVSWMA, Inc. in the City’s financial statements.
Per GASB 14, a Joint Venture (JV) is a legal entity or other organization that results from a contractual
arrangement and that is owned, operated, or governed by two or more participants as a separate and specific
activity subject to joint control, in which the participants retain (a) an ongoing financial interest or (b) an ongoing
financial responsibility. Joint control means that no single participant has the ability to unilaterally control the
financial or operating policies of the Joint Venture.
An ongoing financial interest includes an equity interest, as defined in paragraph 72, and any other arrangement
that causes a participating government to have access to the Joint Venture’s resources. An equity interest in a
Joint Venture is manifest in the ownership of shares of Joint Venture stock or by otherwise having an explicit,
measurable right to the net resources of a Joint Venture that is usually based on an investment of financial or
capital resources by a participating government. An equity interest is explicit and measurable if the Joint Venture
agreement stipulates that the participants have a present or future claim to the net resources of the Joint Venture
and sets forth the method to determine the participants’ shares of the Joint Venture’s net resources. Per the
BVSWMA, Inc. by-laws, paragraph 8.05, Section 431.107 of the Texas Transportation Corporation Act entitles
the Cities, at all times, to have the right to equally receive the income earned by the corporation. Also, per
BVSWMA, Inc.’s by-laws, paragraph 4.03a, the corporation, with the approval of the Cities, is authorized to issue
short-term debt; however, the Cities shall be given the first opportunity to provide these funds before the Board
incurs debt. This would result in the City of College Station providing an investment of financial resources to
BVSWMA, Inc.
An ongoing financial responsibility for a Joint Venture occurs if a participating government is obligated in some
manner for the debts (see paragraph 33 of GASB 14) of the Joint Venture, or if the Joint Venture’s continued
existence depends on the continued funding by the government. Per paragraph 33 of GASB 14 – A primary
government is obligated in some manner for the debt of an organization if it is legally obligated to assume all or
part of the debt in the event of default.
Per Article XIV, paragraph 14.03, of the Articles of Incorporation of BVSWMA, Inc., upon dissolution of the
corporation:
A. the assets of the corporation shall be distributed equally between the Cities; and
B. any remaining liabilities of the corporation shall be shared equally between the Cities.
State and federal laws and regulations required BVSWMA, Inc. to place a final cover on its Rock Prairie landfill
site when it stopped accepting waste and to perform certain maintenance and monitoring functions at the site
City of College Station, Texas
59
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
for thirty years after closure. The Rock Prairie Road landfill stopped accepting waste in July 2011, and the Twin
Oaks Landfill in Grimes County began accepting waste. During the fiscal year ending September 30, 2013, the
installation of the remaining final cover at the Rock Prairie Road Landfill (+/- 40 acres) was completed. Although
closure and post closure care costs will be paid only near or after the date that the landfill stopped accepting
waste, BVSWMA, Inc. reports a portion of these closure and post closure care costs as an operating expense in
each period based on landfill capacity used as of each balance sheet date. Actual cost may be higher due to
inflation, changes in technology, or changes in regulations.
The following is a summary of information from the audited financial statements of BVSWMA, Inc. as of
September 30, 2014:
2014 2013
Assets:
Current assets $ 9,670,973 $ 10,067,993
Capital assets 34,869,839 33,003,796
Accumulated depreciation ( 8,507,566) ( 7,140,312)
Deferred landfill permits 3,113,379 3,113,380
Less: accumulated amortization ( 115,421) ( 81,982)
Total assets 39,031,204 38,962,875
Liabilities:
Current liabilities 898,617 882,990
Noncurrent liabilities:
Accrued post closure maintenance costs 4,303,614 4,373,644
Other noncurrent liabilities 8,010,000 8,470,000
Total liabilities 13,212,231 13,726,634
Net position
Net investment in capital assets 17,892,273 16,948,483
Unrestricted 7,926,700 8,287,758
Total net position $25,818,973 $ 25,236,241
Program revenues $ 7,649,864 $ 7,266,856
Expenses 6,721,679 6,509,915
Operating income 928,185 756,941
General revenues/(expenses) ( 345,453) 52,508
Change in net position $ 582,732 $ 809,449
The City’s share of BVSWMA, Inc.’s net assets for fiscal year 2014 was $12,909,486. A copy of BVSWMA, Inc.’s
financial statements may be obtained from the City’s Fiscal Services Department.
D. Pension Plan
Plan Description
The City provides pension benefits for all of its full-time employees through a nontraditional, joint contributory,
hybrid defined benefit plan in the state-wide Texas Municipal Retirement System ("TMRS"), an agent multiple-
employer public employee retirement system. The plan provisions that have been adopted by the City are within
the options available in the governing state statutes of TMRS.
TMRS issues a publicly available comprehensive annual financial report that includes financial statements and
required supplementary information (RSI) for TMRS; the report also provides detailed explanations of the
contributions, benefits and actuarial methods and assumptions used by the System. The report may be obtained
by writing to TMRS, Post Office Box 149153, Austin, Texas 78714-9153 or by calling 800-924-8677; in addition,
the report is available on TMRS’ website at http://www.tmrs.com/.
City of College Station, Texas
60
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
The plan provisions are adopted by the governing body of the City, within the options available in the state
statutes governing TMRS. Plan provisions for the City were as follows:
Plan Year 2012 Plan Year 2013 Plan Year 2014
Employee Deposit Rate 7.00% 7.00% 7.00%
Matching Ratio (City to Employee) 2 to 1 2 to 1 2 to 1
Years Required for Vesting 5 5 5
Service Retirement Eligibility 20 years at any age, 20 year at any age, 20 years at any age
5 years at age 60 & older 5 years at age 60 & older 5 years at age 60 & older
Updated Service Credit 100% Repeating 75% Repeating 75% Repeating
Transfers Transfers Transfers
Annuity Increase (to retirees) 70% of CPI Repeating 50% of CPI Repeating 50% of CPI Repeating
Contributions
Under the state law governing TMRS, the contribution rate for each city is determined annually by the actuary,
using the Projected Unit Credit actuarial cost method. This rate consists of the normal cost contribution rate and
the prior service cost contribution rate, which is calculated to be a level percent of payroll from year to year. The
normal cost contribution rate finances the portion of an active member’s projected benefit allocated annually; the
prior service contribution rate amortizes the unfunded actuarial liability over the applicable period for that City.
Both the normal cost and the prior service contribution rates include recognition of the projected impact of
annually repeated benefits, such as Updated Service Credits and Annuity Increases.
The City contributed to the TMRS Plan at an actuarially determined rate. Both the employees and the City made
contributions monthly. Since the City needs to know its contribution rate in advance for budgetary purposes,
there is a one-year delay between the actuarial valuation that serves as the basis for the rate and the calendar
year when the rate goes into effect.
The annual pension cost and net pension obligation are as follows:
2012 2013 2014
Annual Required Contribution (ARC) $7,323,878 $7,441,907 $6,251,605
Interest on Net Pension Obligation 356,127 388,924 488,761
Adjustment to the ARC (285,718) (341,701) (439,499)
Annual Pension Cost 7,394,287 7,489,130 6,300,867
Contributions Made (6,586,598) (6,062,866) (5,857,976)
Increase (Decrease) in net pension obligation 807,689 1,426,264 442,891
Net Pension Obligation/(Asset), beginning of year 4,748,366 5,556,055 6,982,319
Net Pension Obligation/(Asset), end of year $ 5,556,055 $ 6,982,319 $7,425,210
Three Year Trend Information
Fiscal Year Ending
Annual Pension
Cost (APC)
Actual
Contribution Made
Percentage of APC
Contributed
Net Pension
Obligation
9/30/2012 $7,394,287 $6,586,598 89.08% $5,556,055
9/30/2013 7,489,130 6,062,866 80.96% 6,982,319
9/30/2014 6,300,867 5,857,976 92.97% 7,425,210
The required contribution rates for fiscal year 2014 were determined as part of the December 31, 2012 and 2011
actuarial valuations.
City of College Station, Texas
61
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
Valuation Date 12/31/2011 12/31/2012 12/31/2013
Actual Cost Method Projected Unit Credit
Level Percent of Payroll
Projected Unit Credit
Level Percent of Payroll
Entry Age Normal
Amortization Method GASB
25 Equivalent Single
Amortization Period
26.3 years; closed
period
25.3 years; closed
period
24.0 years; closed
period
Amortization Period for new
Gains/Losses
30 years 30 years 30 years
Asset Valuation Method
Actuarial Assumptions:
10-year Smoothed
Market
10-year Smoothed
Market
10-year Smoothed
Market
Investment Rate of Return 7.0% 7.0% 7.0%
Projected Salary Increases Varies by age and
service
Varies by age and
service
Varies by age and
service
Includes Inflation at 3.00% 3.00% 3.00%
Cost-of-Living Adjustments 1.5% 1.5% 1.5%
Funded Status and Funding Progress – In June 2011, SB 350 was enacted by the Texas Legislature resulting
in a restructure of the TMRS funds. This legislation provided for the actuarial valuation to be completed, as if
restructuring had occurred on December 31, 2010. In addition, the actuarial assumptions were updated for the
new fund structure, based on an actuarial experience study that was adopted by the TMRS Board at their May
2011 meeting (the review compared actual to expected experience for the four-year period of January 1, 2006
through December 31, 2009). For a complete description of the combined impact of the legislation and new
actuarial assumptions, including the effects on TMRS city rates and funding ratios, please see the December
31, 2010 TMRS Comprehensive Annual Financial Report (CAFR).
The funded status as of December 31, 2013, the most recent actuarial valuation date, is as follows:
Actuarial
Valuation
Date
Actuarial
Value of
Assets
Actuarial
Accrued
Liability (AAL)
Unfunded
AAL (UAAL)
Funded
Ratio
Covered Payroll
(Calendar Year)
UAAL as a
Percentage of
Covered Payroll
12/31/2011 $159,366,251 $203,122,476 $43,756,225 78.5% $41,553,358 105.3%
12/31/2012 174,277,295 198,075,559 23,798,264 88.0% 41,386,265 57.5%
12/31/2013 188,844,993 221,999,821 33,154,828 85.1% 42,175,173 78.6%
The Schedule of Funding Progress, presented as Required Supplementary Information following the notes to
the financial statements, presents multi-year trend information about whether the actuarial value of plan assets
is increasing or decreasing over time relative to the actuarial accrued liability of benefits.
E. Other Post Employment Benefits
In addition to the pension benefits described in Note V.D., as required by state laws and defined by City policy,
the City makes available postretirement medical, dental, vision, drug and life insurance benefits to all employees
who meet TMRS retirement qualifications, retire from the City and who enroll themselves and their eligible
dependent(s) on or before the effective date of their retirement through the City’s single-employer defined benefit
other post-employment benefit (OPEB) plan. The life insurance plan provides a $10,000 fully insured death
benefit coverage upon retirement which ceases upon attainment of age 65 for retirees. So long as monthly
premium payments are made, the healthcare plan provides coverage until age 65 to eligible retirees, their
City of College Station, Texas
62
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
spouses and dependents through the City’s group health insurance plan, which covers both active and retired
members. Benefit provisions as well as retiree premium contributions are established by management.
The City determines the employer and participant contribution rates annually based on recommendations of City
staff and the City’s consultant. All medical, dental, vision and drug care benefits are provided through the City’s
self-insured health plan. The benefit levels are the same as those afforded to active employees. Life insurance
for eligible retirees is paid entirely by the City.
During fiscal year 2014, fifty former employees were covered under this arrangement, with claims less retiree
contributions totaling ($234,146).
Annual OPEB Cost and Net OPEB Obligation
The City’s annual OPEB cost is based on the annual required contribution (ARC) of the City, an amount
actuarially determined in accordance with the parameters of GASB Statement 45. Despite the apparent
implications of the term ARC, the City is not required to contribute the ARC to the plan each year, Instead, the
ARC provides a basis for evaluating whether the City’s contributions for OPEB are adequate to fund the benefits
during the working lifetime of current employees (i.e., the normal cost) and to amortize existing unfunded
obligations (i.e., the obligations for current retirees plus that portion of the current employees’ obligations that
are attributed to past service) in a systematic manner over the amortization period prescribed by GASB.
The annual OPEB cost is the annual accounting expense recorded on the City’s Statement of Revenues,
Expenses and Changes in Net Position and on the City’s Statement of Activities. The annual OPEB cost is equal
to (1) the ARC for the current fiscal year, plus (2) interest on the Net OPEB Obligation at the beginning of the
year, reduced by (3) an adjustment to the ARC which is equal to an amortization of the beginning of the year
Net OPEB Obligation. As described in Note V.C, the City terminated its Borrowed Employee Agreement with
BVSWMA, Inc. Therefore, the related OPEB obligation of $134,385 was removed.
2012 2013 2014
Annual Required Contribution (ARC) $1,360,907 $1,449,844 $1,449,843
Interest on Net Pension Obligation 276,044 333,710 402,404
Adjustment to the ARC ( 342,039) ( 413,492) ( 413,492)
Annual OPEB Cost 1,294,912 1,370,062 1,438,755
Contributions Made (141,585) 3,833 ( 234,146)
Increase (Decrease) in net pension obligation 1,153,327 1,373,895 1,204,609
Net OPEB Obligation/(Asset), beginning of year 5,520,878 6,674,205 8,048,100
Net OPEB Obligation/(Asset), end of year $6,674,205 $ 8,048,100 $9,252,709
Accounting Year
Ending Annual OPEB Cost
Actual
Contribution Made
Percentage of
Annual OPEB
Cost
Contributed
Net OPEB
Obligation
9/30/2012 $1,294,912 $141,585 10.93% $6,674,205
9/30/2013 1,370,062 ( 3,833) -0.28% 8,048,100
9/30/2014 1,438,757 234,146 16.27% 9,252,709
Generally, the Net OPEB Obligation is the cumulative difference since the effective date of GASB 45 between
the annual OPEB cost and the employer’s contributions to the plan including the OPEB liability (asset) at
transition, if any. Because the City did not have an OPEB liability/(asset) at transition, the Net OPEB Obligation
City of College Station, Texas
63
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
as of October 1, 2008 is zero. Whenever the City contributes an amount less than the annual OPEB cost, this
shortfall will increase the City’s Net OPEB Obligation.
Actuarial Methods and Assumptions
Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability
of events far into the future. Actuarially determined amounts are subject to continual revision as actual results
are compared to past expectations and new estimates are made about the future.
The required Schedule of Funding Progress immediately following the notes to the financial statements presents
multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over
time relative to the actuarial accrued liability for benefits. GASB No. 45 calculations are based on the types of
benefits provided under the terms of the substantive plan at the time of each valuation and on the pattern of
sharing of costs between the employer and plan participants to that point. In addition, the projection of benefits
for financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual funding
limitations on the pattern of cost sharing between the employer and plan participants in the future.
Actuarial calculations reflect a long-term perspective. In addition, consistent with that perspective, actuarial
methods and assumptions used in developing the amounts in this report include techniques that are designed
to reduce short-term volatility in actuarial accrued liabilities.
The required contribution rates were determined as part of the October 1, 2012 actuarial valuation. Significant
methods and assumptions follow:
Actuarial Valuation Date 10/1/2012
Asset Valuation Method Market
Actuarial Cost Method Projected Unit Credit
Actuarial Assumptions:
Annual Investment Return Assumption* 5.0%
Includes Inflation at: 4.0%
Projected Salary Increases N/A
Annual Healthcare Trend Rates 8.5% in FYE 2013, declining to 5.0% in FYE 2020
Amortization Method Level dollar
Amortization Period 30 year open period
Funding Status and Funding Progress
The Schedule of Funding Progress presents information as of the current valuation date and the two preceding
valuation dates. As of the date of this financial statement, the City has had two valuations, that for the fiscal year
beginning October 1, 2010, and one for the fiscal year beginning October 1, 2012.
Actuarial
Valuation
Date
Actuarial
Value of
Assets
Actuarial
Accrued
Liability (AAL)
Unfunded
AAL (UAAL)
Funded
Ratio
Covered Payroll
(Calendar Year)
UAAL as a
Percentage of
Covered Payroll
10/1/2010 - $13,868,768 $13,868,768 0.0% $42,298,776 32.79%
10/1/2010 - 9,356,116 9,356,116 0.0% 42,298,776 22.12%
10/1/2012 - 10,897,037 10,897,037 0.0% 44,000,000 24.77%
There are factors that affect the ability to compare amounts reported from one actuarial valuation date to the
next. The assumptions that have been changed since the previous valuation are:
- the Discount Rate has been updated to reflect changes in the allocation of assets of the employer and the
expected return on such assets;
- the Assumed Per Capita Health Benefit Costs and Assumed Expenses for retirees and dependents have
been updated to reflect changes in claims and expense expectations; and
City of College Station, Texas
64
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
- the Health Benefit Cost Trend and Expense Trend have been updated to reflect changes in short-term
expectations of the annual rate of increase of the Assumed Per Capita Health Benefit Costs.
The City has had two separate valuations, one of which used the October 1, 2010 valuation date and one that
used the October 1, 2012 valuation date. The October 1, 2010 valuation date was used to develop results for
the fiscal year ending September 30, 2012, and the October 1, 2012 valuation date was used to develop results
for the fiscal years ending September 30, 2013 and 2014. The plan was changed effective January 1, 2012 to
eliminate post-65 medical coverage and was changed effective January 1, 2013 to eliminate one of the PPO
benefit options. While the plan typically undergoes a biennial valuation, pursuant to paragraph 12 of GASB 45,
a new valuation must be performed if there are significant changes to the plan since the previous valuation.
As previously stated, for the fiscal year ending September 30, 2014, an actuarial valuation incorporating these
changes to the plan provisions was performed using October 1, 2012 valuation date.
F. Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code
("IRC") 457. The plan, as amended, is available to all employees and permits them to defer a portion of their
salary until future years. The plan funds are not available to employees until termination, retirement, death, or
emergency.
All amounts of compensation deferred under the plan (until paid or made available to the employee or other
beneficiary) were placed in trust for the exclusive benefit of the participants and the beneficiaries. This action is
in accordance with changes made to IRC Section 457. The City is not the 457 Plan Administrator or trustee and
the assets of the plan are not reportable in the City's basic financial statements.
G. Commitments and Contingencies
Construction Commitments
The City has contractual commitments of $7,022,151 in the Capital Projects Funds, $1,688,834 in the Water
Fund, $2,111,852 in the Wastewater Fund and $447,773 in the Electric Fund. These commitments are for
construction of various projects and will be funded primarily from long-term debt.
Contingencies
The City participates in a number of federal and state assisted grant programs. These programs are subject to
program compliance audits by the grantors or their representatives. Any liability for reimbursement which may
arise as the result of these audits is not believed to be material.
Litigation
The City is a party to legal proceedings, many of which occur in the normal course of operations. It is not possible
at the present time to estimate the ultimate outcome or liability, if any, of the city with respect to the various
proceedings. Management believes any unfavorable outcomes would not be material.
Financial Hedging
According to the Public Funds Investment Act, a municipality that owns a municipal electric utility that is engaged
in the distribution and sale of electric energy or natural gas to the public may enter into a hedging contract and
related security and insurance agreements in relation to fuel oil, natural gas, coal, nuclear fuel, and electric
energy to protect against loss due to price fluctuations.
In fiscal year 2014, the City signed a contract with the City of Garland under which the City of Garland will serve
as the qualified scheduling entity that will formulate and discuss the hedging strategies and options available to
the City to manage its power supply portfolio and price.
The City has not yet engaged in any hedging activity.
City of College Station, Texas
65
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2014
H. Bonds Available for Sale
Authorized general obligation bonds available for future issue are as follows:
Year Unissued
Authorized Amount
Public Buildings 1984 $ 700,000 1
Street Improvements 1984 500,000 1
Municipal Complex Improvements 2003 3,655,000
Library Expansion 2008 7,885,000
Parks and Recreation 2008 645,000
Street Improvements 2008 18,290,000
Total $31,675,000
I Contains projects which may have been completed or abandoned; therefore, these bonds are not likely to ever be issued.
I. Revenue Bond Coverage
All the net revenues of the Electric, Water, and Wastewater Funds are pledged for the payment of debt service
of the revenue bonds and other indebtedness payable from those revenues. Net revenues, as defined by the
revenue bond resolutions, include substantially all of the revenues and expenses of the above named funds
other than certain interest income and expense, and depreciation and amortization. These bond resolutions
further require that the net revenues, as defined, equal at least 1.40 times the average annual debt service on
all revenue bonds and other indebtedness payable from those revenues and 1.25 times the maximum annual
debt service on all revenue bonds and other indebtedness payable from those revenues. The maximum annual
debt service is defined as the maximum principal and interest payments to be paid in any one year remaining in
the life of the bonds, and the average annual debt service is defined as the sum of all principal and interest
payments due over the remaining life of the bonds divided by the remaining life of the bonds. The City is in
compliance with these requirements.
J. Subsequent Events
In October 2014 the City sold the property on University Drive known as the Chimney Hill property for $7,500,000.
The proceeds from this sale, along with the revenue received from rent, net of expenses, from the property from
date of purchase through October 2014 will be placed in the Hotel Tax Fund.
City of College Station, Texas
66
UAAL as a
Actuarial Actuarial Covered Percentage
Actuarial Value of Accrued Unfunded Funded Payroll of Covered
Valuation Assets ** Liability (AAL) AAL (UAAL) Ratio (Calendar Year) Payroll
Date* (a) (b) (b-a) (a/b) (c) [(b-a)/c]
12/31/2004 70,336,601$ 87,906,815$ 17,570,214$ 80.0% 30,978,906$ 56.7%
12/31/2005 75,655,678 94,605,300 18,949,622 80.0% 31,987,028 59.2%
12/31/2006 80,758,249 102,166,047 21,407,798 79.0% 34,143,239 62.7%
12/31/2007 87,193,697 130,310,054 43,116,357 66.9% 36,703,161 117.5%
12/31/2008 90,243,677 138,576,504 48,332,827 65.1% 40,337,456 119.8%
12/31/2009 97,331,304 148,904,236 51,572,932 65.4% 41,515,345 124.2%
12/31/2010 145,688,745 190,548,951 44,860,206 76.5% 40,662,340 110.3%
12/31/2011 159,366,251 203,122,476 43,756,225 78.5% 41,553,358 105.3%
12/31/2012 174,277,295 198,075,559 23,798,264 88.0% 41,386,265 57.5%
12/31/2013 188,844,993 221,999,821 33,154,828 85.1% 42,175,173 78.6%
*Assets are stated as of December 31 of the preceding year, the date of the actuarial valuation.
** Information is from appropriate year supplements to TMRS annual reports.
In June 2011, SB 350 was enacted by the Texas Legislature resulting in a restructure of the TMRS funds. This legislation provided for the
actuarial valuation to be completed as if restructuring had occurred on December 31, 2010, In addition, the actuarial assumptions were
updated for the new fund structure, based on an actuarial experience study that was adopted by the TMRS Board at their May 2011
meeting (the review compared actual to expected experience for the four year period of January 1, 2006 through December 31, 2009).
For a complete description of the combined impact of the legislation and new actuarial assumptions, including the effects on TMRS city
rates and funding ratios, please see the December 31, 2013 TMRS Comprehensive Annual Financial Report (CAFR).
The Actuarial Accrued Liability (AAL), the Unfunded AAL (UAAL) and the covered calendar year payroll figures reported above represent
the entire City of College Station workforce.
CITY OF COLLEGE STATION, TEXAS
Required Supplementary Information
Texas Municipal Retirement System
Schedule of Funding Progress
Last Ten Fiscal Years
(unaudited)
67
UAAL as a
Actuarial Actuarial Actuarial Covered Percentage
Valuation Value of Accrued Unfunded Funded Payroll of Covered
Date Assets Liability (AAL) AAL (UAAL) Ratio (Fiscal Year) Payroll
10/1/2010 - 13,868,768$ 13,868,768$ 0.0%42,298,776$ 32.79%
10/1/2010 - 9,356,116 9,356,116 0.0%42,298,776 22.12%
10/1/2012 - 10,897,037 10,897,037 0.0%44,000,000 24.77%
The Actuarial Accrued Liability (AAL), the Unfunded AAL (UAAL) and the covered fiscal payroll figures reported above represent
the entire City of College Station workforce.
The City has had two valuations. The October 1, 2010 valuation date was used to develop results for the fiscal year ending
September 30, 2012. The October 1, 2012 valuation date was used to develop results for the fiscal years ended September 30,
2013 and September 30, 2014.
The plan was changed effective January 1, 2012 to eliminate post-65 medical coverage and was changed effective January 1,
2013 to eliminate one of the PPO benefit options. While the plan typically undergoes a biennial valuation, pursuant to paragraph
12 of GASB 45, a new valuation must be performed if there are significant changes to the plan since the previous valuation. As
previously stated, for the fiscal year ending September 30, 2013, a new actuarial valuation incorporating these changes to the
plan provisions was performed using October 1, 2012 valuation date.
CITY OF COLLEGE STATION, TEXAS
Required Supplementary Information
City of College Station Employees Other Post Employment Benefits Plan
Schedule of Funding Progress
Last Two Fiscal Years
(unaudited)
68
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 14,513,579$ 14,513,579$ 14,402,353$ -$ 14,402,353$ (111,226)$
Sales taxes 23,495,000 23,495,000 24,565,649 - 24,565,649 1,070,649
Mixed drink and franchise 2,513,025 2,513,025 2,983,520 - 2,983,520 470,495
Licenses and permits 1,090,826 1,090,826 1,424,598 - 1,424,598 333,772
Intergovernmental 236,200 236,200 189,103 - 189,103 (47,097)
Parks and recreation charges for services 143,000 143,000 169,680 - 169,680 26,680
Other charges for services 2,370,606 2,370,606 2,818,098 - 2,818,098 447,492
Fines, forfeits, and penalties 3,565,836 3,565,836 3,038,926 - 3,038,926 (526,910)
Investment income 82,555 82,555 66,264 - 66,264 (16,291)
Rents and royalties 587,097 587,097 542,816 - 542,816 (44,281)
Contributions 15,096 15,096 11,016 - 11,016 (4,080)
Other 154,071 154,071 113,802 -113,802 (40,269)
Total revenues 48,766,891 48,766,891 50,325,825 -50,325,825 1,558,934
Expenditures
General government 4,848,752 5,462,692 5,108,448 - 5,108,448 (354,244)
Fiscal services 3,089,697 3,103,697 3,029,566 - 3,029,566 (74,131)
Police 17,236,201 17,377,908 17,080,568 - 17,080,568 (297,340)
Fire 13,532,961 13,614,076 13,585,022 - 13,585,022 (29,054)
Planning and development services 3,752,133 3,419,876 2,867,857 - 2,867,857 (552,019)
Public works 7,692,566 8,907,960 8,342,924 - 8,342,924 (565,036)
Parks & recreation 5,069,707 5,175,501 4,596,645 - 4,596,645 (578,856)
Information technology 4,345,737 4,408,785 4,207,305 - 4,207,305 (201,480)
Library 1,085,099 1,087,688 1,078,851 - 1,078,851 (8,837)
Contributions 1,192,046 1,192,046 1,184,115 - 1,184,115 (7,931)
Other 149,104 1,196,066 222,034 -222,034 (974,032)
Total expenditures 61,994,003 64,946,295 61,303,335 -61,303,335 (3,642,960)
Excess (deficit) of revenues over (under)
expenditures (13,227,112) (16,179,404) (10,977,510) -(10,977,510) 5,201,894
Other financing sources (uses)
Sale of capital assets - - 4,582,111 - 4,582,111 4,582,111
Transfers in 15,265,241 15,101,168 15,158,581 - 15,158,581 57,413
Transfers out (3,773,019) (4,481,541) (4,444,465) - (4,444,465) 37,076
Contingency (316,943) (135,926) - - -135,926
Total other financing sources (uses) 11,175,279 10,483,701 15,296,227 -15,296,227 4,812,526
Net change in fund balances (2,051,833) (5,695,703) 4,318,717 - 4,318,717 10,014,420
Fund balances, October 1 15,925,532 15,925,532 15,925,532 -15,925,532 -
Fund balances, September 30 13,873,699$ 10,229,829$ 20,244,249$ -$ 20,244,249$ 10,014,420$
Note:
The City prepares its annual budget on a budget basis which differs from a a GAAP basis. The budget and all transactions are presented in accordance
with the budget basis in the Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual-General Fund to provide a relevant
comparison of actual results with the budget. See Notes III A and B for further explanation of budget information.
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
General Fund(s)
For the Fiscal Year Ended September 30, 2014
69
COMBINING FINANCIAL STATEMENTS
General Fund(s)
The General Fund is the City's primary operating fund. It accounts for all financial resources of the general
government, except those required to be accounted for in another fund. All general tax revenues and other
receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this
fund. General operating expenditures, fixed charges and capital improvement costs that are not paid through
other funds are paid from the General Fund.
The General Fund Type has historically incorporated several funds, which have been reported collectively as
the General Fund in the City’s Comprehensive Annual Financial Report.
For the fiscal year ending September 30, 2014, the General Fund includes:
General Fund
Economic Development Fund - accounts for funds used for business attraction and retention. Monies for this
purpose are transferred to the Economic Development Fund from the General Fund, the Business Park Fund,
and the Electric, Water, Wastewater and Sanitation Funds.
Unclaimed Property Fund - accounts for checks issued but not cashed. After the abandonment period of 1
year for payroll checks over $100 and 3 years for accounts payable checks over $100, these funds are sent to
the State Comptroller.
Efficiency Time Payment Fund - accounts for unrestricted revenue collected by the Municipal Court pursuant
to Texas Local Government Code, Section 133.103.
Chimney Hill Fund - account for the receipt and expenditure of funds by the City from the lease of retail property
at the Chimney Hill Center.
70
General Fund
Economic
Development
Unclaimed
Property
Efficiency Time
Payment Chimney Hill
Total General
Fund
Assets
Cash and cash equivalents 16,885,703$ 289,230$ 200,869$ 51,201$ 1,608,070$ 19,035,073$
Equity in investments 2,230,908 38,212 26,538 6,765 212,455 2,514,878
Receivable (net of allow for uncollectible)4,121,860 - - - 7,655 4,129,515
Inventories 45,181 - - - - 45,181
Prepaid costs 19,413 - - - -19,413
Total assets 23,303,065$ 327,442$ 227,407$ 57,966$ 1,828,180$ 25,744,060$
Liabilities and fund balances
Accounts payable 1,677,212$ -$ -$ 575$ 1,699$ 1,679,486$
Accrued liabilities 1,069,665 - 227,407 - - 1,297,072
Unearned revenue-other 1,016,145 - - - - 1,016,145
Interfund payable - - - - - -
Refundable deposits 69,217 - - - 10,764 79,981
Retainage payable 2,593 - - - - 2,593
Customer construction advances 922,650 - - - -922,650
Total liabilities 4,757,482 -227,407 575 12,463 4,997,927
Deferred inflows of resources
Unavailable revenue-property taxes 501,884 - - - -501,884
Total deferred inflows of resources 501,884 - - - -501,884
Total liabilities and deferred inflows of resources 5,259,366 -227,407 575 12,463 5,499,811
Fund balances
Nonspendable 64,594 - - - - 64,594
Restricted - - - - - -
Assigned 1,457,390 - - - - 1,457,390
Unassigned 16,521,715 327,442 -57,391 1,815,717 18,722,265
Total fund balances 18,043,699 327,442 -57,391 1,815,717 20,244,249
Total liabilities, deferred inflows of resources and fund
balances 23,303,065$ 327,442$ 227,407$ 57,966$ 1,828,180$ 25,744,060$
CITY OF COLLEGE STATION, TEXAS
Combining Balance Sheet
General Fund(s)
September 30, 2014
71
General Fund
Economic
Development
Unclaimed
Property
Efficiency Time
Payment Chimney Hill
Total General
Fund(s)
Revenues
Ad Valorem Taxes 14,402,353$ -$ -$ -$ -$ 14,402,353$
Sales Taxes 24,565,649 - - - - 24,565,649
Mixed Drink and Franchise 2,983,520 - - - - 2,983,520
Licenses and Permits 1,424,598 - - - - 1,424,598
Intergovernmental 189,103 - - - - 189,103
Parks & Recreation Charges for Services 169,680 - - - - 169,680
Other Charges for Services 2,818,098 - - - - 2,818,098
Fines, Forfeits, & Penalties 3,032,049 - - 6,877 - 3,038,926
Investment Income 60,226 866 - 168 5,004 66,264
Rents & Royalties 179,934 - - - 362,882 542,816
Contributions 11,016 - - - - 11,016
Other 113,802 - - - -113,802
Total Revenues 49,950,028 866 -7,045 367,886 50,325,825
Expenditures
Current
General Government 4,113,975 994,473 - - - 5,108,448
Fiscal Services 3,026,575 - - 2,991 - 3,029,566
Police 17,080,568 - - - - 17,080,568
Fire 13,585,022 - - - - 13,585,022
Planning and Development Services 2,867,857 - - - - 2,867,857
Public Works 7,603,696 - - - 7,607 7,611,303
Capital Improvement Projects 731,621 - - - - 731,621
Parks & Recreation 4,596,645 - - - - 4,596,645
Information Technology 4,207,305 - - - - 4,207,305
Library 1,078,851 - - - - 1,078,851
Contributions 1,184,115 - - - - 1,184,115
Other 129,244 - - -92,790 222,034
Total Expenditures 60,205,474 994,473 -2,991 100,397 61,303,335
Excess(Deficit) of Revenues Over (Under) Expenditures (10,255,446) (993,607) -4,054 267,489 (10,977,510)
Other Financing Sources (Uses)
Sale of Capital Assets 4,259,903 322,208 - - - 4,582,111
Reimbursed Administration Transfers
Transfers In 14,758,581 400,000 - - - 15,158,581
Transfers out (4,444,465) - - - -(4,444,465)
Total Other Financing Sources (Uses)14,574,019 722,208 - - -15,296,227
Net Change in Fund Balances 4,318,573 (271,399) - 4,054 267,489 4,318,717
Fund Balances , October 1 13,725,126 598,841 -53,337 1,548,228 15,925,532
Fund Balances, September 30 18,043,699$ 327,442$ -$ 57,391$ 1,815,717$ 20,244,249$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance
General Fund(s)
For the Fiscal Year Ended September 30, 2014
72
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 14,513,579$ 14,513,579$ 14,402,353$ -$ 14,402,353$ (111,226)$
Sales taxes 23,495,000 23,495,000 24,565,649 - 24,565,649 1,070,649
Mixed drink and franchise 2,513,025 2,513,025 2,983,520 - 2,983,520 470,495
Licenses and permits 1,090,826 1,090,826 1,424,598 - 1,424,598 333,772
Intergovernmental 236,200 236,200 189,103 - 189,103 (47,097)
Parks and recreation charges for services 143,000 143,000 169,680 - 169,680 26,680
Other charges for services 2,370,606 2,370,606 2,818,098 - 2,818,098 447,492
Fines, forfeits, and penalties 3,557,705 3,557,705 3,032,049 - 3,032,049 (525,656)
Investment income 76,500 76,500 60,226 - 60,226 (16,274)
Rents and royalties 176,770 176,770 179,934 - 179,934 3,164
Contributions 15,096 15,096 11,016 - 11,016 (4,080)
Other 154,071 154,071 113,802 -113,802 (40,269)
Total revenues 48,342,378 48,342,378 49,950,028 -49,950,028 1,607,650
Expenditures
General government 3,849,852 4,463,792 4,113,975 - 4,113,975 (349,817)
Fiscal services 3,085,697 3,099,697 3,026,575 - 3,026,575 (73,122)
Police 17,236,201 17,377,908 17,080,568 - 17,080,568 (297,340)
Fire 13,532,961 13,614,076 13,585,022 - 13,585,022 (29,054)
Planning and development services 3,752,133 3,419,876 2,867,857 - 2,867,857 (552,019)
Public works 7,666,020 8,881,414 8,335,317 - 8,335,317 (546,097)
Parks & recreation 5,069,707 5,175,501 4,596,645 - 4,596,645 (578,856)
Information technology 4,345,737 4,408,785 4,207,305 - 4,207,305 (201,480)
Library 1,085,099 1,087,688 1,078,851 - 1,078,851 (8,837)
Contributions 1,192,046 1,192,046 1,184,115 - 1,184,115 (7,931)
Other 46,667 1,093,629 129,244 -129,244 (964,385)
Total expenditures 60,862,120 63,814,412 60,205,474 -60,205,474 (3,608,938)
Excess (deficit) of revenues over (under)
expenditures (12,519,742) (15,472,034) (10,255,446) -(10,255,446) 5,216,588
Other financing sources (uses)
Sale of capital assets - - 4,259,903 - 4,259,903 4,259,903
Transfers in 14,865,241 15,101,168 14,758,581 - 14,758,581 (342,587)
Transfers out (3,773,019) (4,431,541) (4,444,465) - (4,444,465) (12,924)
Contingency (316,943) (135,926) - - -135,926
Total other financing sources (uses) 10,775,279 10,533,701 14,574,019 -14,574,019 4,040,318
Net change in fund balances (1,744,463) (4,938,333) 4,318,573 - 4,318,573 9,256,906
Fund balances, October 1 13,725,126 13,725,126 13,725,126 -13,725,126 -
Fund balances, September 30 11,980,663$ 8,786,793$ 18,043,699$ -$ 18,043,699$ 9,256,906$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
General Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2014
73
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 1,514$ 1,514$ 866$ -$ 866$ (648)$
Total revenues 1,514 1,514 866 -866 (648)
Expenditures
General government 998,900 998,900 994,473 - 994,473 (4,427)
Contributions - - - - - -
Total expenditures 998,900 998,900 994,473 -994,473 (4,427)
Excess (deficit) of revenues over
(under) expenditures (997,386) (997,386) (993,607) -(993,607) 3,779
Other financing sources (uses)
Sale of capital assets - - 322,208 - 322,208 322,208
Transfers in 400,000 400,000 400,000 - 400,000 -
Transfers out - - - - - -
Total other financing sources (uses)400,000 400,000 722,208 -722,208 322,208
Net change in fund balances (597,386) (597,386) (271,399) - (271,399) 325,987
Fund balances, October 1 598,841 598,841 598,841 -598,841 -
Fund balances, September 30 1,455$ 1,455$ 327,442$ -$ 327,442$ 325,987$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Economic Development Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2014
74
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 8,131$ 8,131$ 6,877$ -$ 6,877$ (1,254)$
Investment income 120 120 168 -168 48
Total revenues 8,251 8,251 7,045 -7,045 (1,206)
Expenditures
Fiscal services 4,000 4,000 2,991 -2,991 (1,009)
Total Expenditures 4,000 4,000 2,991 -2,991 (1,009)
Excess (deficit) of revenues over
(under) expenditures 4,251 4,251 4,054 -4,054 (197)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 4,251 4,251 4,054 - 4,054 (197)
Fund balances, October 1 53,337 53,337 53,337 -53,337 -
Fund balances, September 30 57,588$ 57,588$ 57,391$ -$ 57,391$ (197)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Efficiency Time Payment Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2014
75
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 4,421$ 4,421$ 5,004$ -$ 5,004$ 583$
Rents and royalties 410,327 410,327 362,882 -362,882 (47,445)
Total revenues 414,748 414,748 367,886 -367,886 (46,862)
Expenditures
Public works 26,546 26,546 7,607 - 7,607 (18,939)
Other 102,437 102,437 92,790 -92,790 (9,647)
Total expenditures 128,983 128,983 100,397 -100,397 (28,586)
Excess (deficit) of revenues over
(under) expenditures 285,765 285,765 267,489 -267,489 (18,276)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 285,765 285,765 267,489 - 267,489 (18,276)
Fund balances, October 1 1,548,228 1,548,228 1,548,228 -1,548,228 -
Fund balances, September 30 1,833,993$ 1,833,993$ 1,815,717$ -$ 1,815,717$ (18,276)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Chimney Hill Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2014
76
COMBINING FINANCIAL STATEMENTS
NONMAJOR GOVERNMENTAL FUNDS
SPECI AL REVENUE FUNDS
Special revenue funds are used to account for specific revenues that are legally restricted or committed to
expenditures for particular purposes other than debt service or capital projects.
Court Technology Fee Fund - account for funds collected by municipal court to be used to finance the purchase
of or to maintain technological enhancements for a municipal court.
Court Security Fee Fund - account for funds collected by municipal court used to finance security personnel for
a municipal court or to finance items when used for the purpose of providing security services.
Juvenile Case Manager Fund - account for funds collected by municipal court used to finance the salary and
benefits of a juvenile case manager.
Police Seizure Fund - account for funds obtained through forfeiture provisions under federal laws; seized
money from delivery of controlled substance in accordance with Public Health Laws. These monies are to be
used for training and other law enforcement activities.
Memorial Cemetery Fund - account for sales of plots (and options of plots) in the Aggie Field of Honor &
Municipal Cemetery.
Memorial Cemetery Endowment Fund - account for principal trust amounts received and related interest
income for the College Station Memorial Cemetery.
Texas Ave. Cemetery Endowment Fund - to account for principal trust amounts received and related
interest income for the College Station Cemetery.
Hotel Tax Fund - account for the receipt and expenditure of funds received by the City from the assessment of
hotel and motel occupancy tax. Usage of funds is restricted to the construction and maintenance of convention
and civic facilities and to the promotion of tourism and arts within the City.
Community Development Fund - account for funds granted to the City by the Federal Department of Housing
and Urban Development for use on various community improvement projects.
Wolf Pen Creek Tax Increment Financing District Fund - account for the receipt and expenditure of funds
received by the City from the creation of a tax increment financing district for the Wolf Pen Creek area.
Parks Escrow Fund - account for the receipt and expenditure of funds received by the City from residential land
developers, who dedicate land, or money in lieu of land, for use in the development of community and
neighborhood parks in residential areas.
Sidewalk Zones - account for the receipt and expenditure of funds received by the City from residential land
developers, who dedicate land, or money in lieu of land, for use in the development of community and
neighborhood sidewalks.
Drainage Projects Fund - to account for the cost of drainage maintenance and drainage improvements made
with funds provided by a drainage utility fee and proceeds from the sale of general obligation bonds.
Recreation Fund - is designed to help the city identify costs and revenues associated with sports, concessions,
Senior/Teen Centers, and instruction programs. Ultimately, the fund will help identify how much the General
Fund is subsidizing adult and youth programs.
77
Truancy Prevention Fee Fund – account for funds collected by municipal court used to fund truancy prevention
and intervention services.
West Medical District Tax Increment Reinvestment Zone No. 18 Fund – account for the receipt and expenditure
of funds received by the City from the creation of a tax increment financing district for the West Medical District.
East Medical District Tax Increment Reinvestment Zone No. 19 Fund - account for the receipt and expenditure
of funds received by the City from the creation of a tax increment financing district for the East Medical District.
Public, Educational and Governmental Access Channel Fee Fund – account for fees collected to fund
educational and governmental broadcasting on the local access channel.
R.E. Meyer Estate Restricted Gift Fund – account for gift bequest to be used for programs designed to benefit
senior citizens.
CAPITAL PROJECTS FUNDS
Capital Projects Funds are used to account for the acquisition and construction of major capital improvements
other than those financed by proprietary funds and trust funds.
General Government Projects Fund - to account for the cost of new building construction and building
improvements made with funds provided by proceeds from the sale of general obligation bonds, certificates of
obligation and by investing those proceeds.
Parks & Recreation Projects Fund - to account for the costs of new parks and improvements to existing parks
made with funds provided from the sale of general obligation bonds, certificates of obligation and by investing
those proceeds.
78
Court
Technology
Fee
Court Security
Fee
Juvenile Case
Manager Police Seizure
Memorial
Cemetery
Memorial
Cemetery
Endowment
Texas Ave
Cemetery
Endowment Hotel Tax
Community
Development
Wolf Pen
Creek Tax
Increment
Financing
District
Assets
Cash and cash equivalents 398,169$ 45,059$ 256,634$ 76,281$ 1,379,010$ 669,535$ 1,601,044$ 4,741,087$ 193,091$ 1,107,465$
Equity in investments 52,605 5,953 33,906 10,078 182,192 88,458 211,527 626,384 25,511 146,316
Receivable (net of allow for uncollectible) - - - - 13,868 6,831 2,063 - 1,958,335 -
Inventories - - --4,345,118 2,140,132 258 - --
Total assets 450,774$ 51,012$ 290,540$ 86,359$ 5,920,188$ 2,904,956$ 1,814,892$ 5,367,471$ 2,176,937$ 1,253,781$
Liabilities
Accounts payable 640$ -$ -$ 1,872$ -$ -$ 1,697$ 37,109$ 266,875$ -$
Accrued liabilities - 1,765 2,395 - - - - - 6,960 -
Retainage payable - - - - - - - 172,416 32,132 -
Refundable deposits - - ----- - --
Total liabilities 640 1,765 2,395 1,872 --1,697 209,525 305,967 -
Deferred inflows of resources
Unavailable revenue-loans receivable - - - - - - - - 211,942 -
Unavailable revenue-other - - --13,868 6,831 2,063 - --
Total deferred inflows of resources - - --13,868 6,831 2,063 -211,942 -
Fund balance
Nonspendable - - - - 4,345,118 2,140,132 258 - - -
Restricted 450,134 49,247 288,145 84,487 - - - 5,157,946 1,659,028 1,253,781
Committed - - - - 1,561,202 757,993 1,810,874 - - -
Assigned - - - - - - - - - -
Unassigned - - ----- - --
Total fund balance 450,134 49,247 288,145 84,487 5,906,320 2,898,125 1,811,132 5,157,946 1,659,028 1,253,781
Total liabilities, deferred inflows and fund balance 450,774$ 51,012$ 290,540$ 86,359$ 5,920,188$ 2,904,956$ 1,814,892$ 5,367,471$ 2,176,937$ 1,253,781$
CITY OF COLLEGE STATION, TEXAS
Combining Balance Sheet
Nonmajor Governmental Funds
September 30, 2014
Special Revenue
79
Parks Escrow
Sidewalk
Zones
Drainage
Projects Recreation
Truancy
Prevention
Fee
West Medical
District Tax
Increment
Reinvestment
Zone No. 18
East Medical
District Tax
increment
Reinvestment
Zone No. 19
Public,
Educational
and
Governmental
Access
Channel Fee
R.E. Meyer
Estate
Restricted Gift
General
Government
Projects
Parks &
Recreation
Projects
Total Other
Governmental
Funds
3,747,313$ 50,105$ 2,625,849$ 82,693$ 7,515$ 66,363$ 916$ 203,592$ 102,684$ 6,088,568$ 7,466,452$ 30,909,425$
499,670 6,620 346,923 10,925 993 8,768 121 26,898 13,566 804,411 1,254,654 4,356,479
- - 230,264 4,967 - - - - - - - 2,216,328
- - - - ------ -6,485,508
4,246,983$ 56,725$ 3,203,036$ 98,585$ 8,508$ 75,131$ 1,037$ 230,490$ 116,250$ 6,892,979$ 8,721,106$ 43,967,740$
9,559$ -$ 36,392$ 64,340$ -$ -$ -$ 243$ -$ 112,417$ 72,748$ 603,892$
- - 19,690 22,293 - - - - - 3,771 - 56,874
23,319 - 3,441 - - - - - - - 3,190 234,498
- - -11,952 ------ -11,952
32,878 -59,523 98,585 ---243 -116,188 75,938 907,216
- - - - - - - - - - - 211,942
- - - - ------ -22,762
- - - - ------ -234,704
- - - - - - - - - - - 6,485,508
4,214,105 56,725 3,143,513 - 8,508 75,131 1,037 230,247 116,250 6,776,791 8,645,168 32,210,243
- - - - - - - - - - - 4,130,069
- - - - - - - - - - - -
- - - - ------ --
4,214,105 56,725 3,143,513 -8,508 75,131 1,037 230,247 116,250 6,776,791 8,645,168 42,825,820
4,246,983$ 56,725$ 3,203,036$ 98,585$ 8,508$ 75,131$ 1,037$ 230,490$ 116,250$ 6,892,979$ 8,721,106$ 43,967,740$
Capital Projects
80
Court
Technology
Fee
Court Security
Fee
Juvenile Case
Manager Police Seizure
Memorial
Cemetery
Memorial
Cemetery
Endowment
Texas Ave
Cemetery
Endowment Hotel Tax
Community
Development
Wolf Pen
Creek Tax
Increment
Financing
District
Revenues
Other taxes -$ -$ -$ -$ -$ -$ -$ 4,966,077$ -$ -$
Licenses and permits - - - - - - - - - -
Intergovernmental - - - 15,811 - - - - 2,733,940 -
Charges for services - - - - 187,366 92,285 25,822 - - -
Fines, forfeits, and penalties 64,082 48,057 80,004 - - - - - - -
Investment income 1,299 186 906 265 4,673 2,127 5,358 17,623 - 3,734
Rents and royalties - - - - - - - - - -
Contributions - - - - - - - - - -
Other - - -- - 56 - -96,182 -
Total revenues 65,381 48,243 80,910 16,076 192,039 94,468 31,180 4,983,700 2,830,122 3,734
Expenditures
Current
Fiscal services 47,777 70,138 104,756 - - - - - - -
Police - - - 13,292 - - - - - -
Planning and development svcs - - - - - - - - 1,965,787 -
Public works - - - - - - - - - -
Parks & recreation - - - - - - - 134,901 - -
Information technology - - - - - - - - - -
Contributions - - - - - - - 2,097,876 - -
Other - - - - 122,174 60,175 (46) 140,001 - 1,732
Capital outlay - - -- - - - 3,439,582 692,632 -
Total expenditures 47,777 70,138 104,756 13,292 122,174 60,175 (46) 5,812,360 2,658,419 1,732
Excess(deficit) of revenues over
(under) expenditures 17,604 (21,895) (23,846) 2,784 69,865 34,293 31,226 (828,660) 171,703 2,002
Other financing sources (uses)
Sale of capital assets - - - - - - - - - -
Issuance of debt - - - - - - - - - -
Premium on bonds issued - - - - - - - - - -
Transfers in - - - - - - - - - -
Transfers out - - - - (196,058) - - (492,993) (130,366) -
Contingency - - -- - - - - --
Total other financing sources (uses)- - -- (196,058) - - (492,993) (130,366) -
Net change in fund balance 17,604 (21,895) (23,846) 2,784 (126,193) 34,293 31,226 (1,321,653) 41,337 2,002
Fund balances , October 1 432,530 71,142 311,991 81,703 6,032,513 2,863,832 1,779,906 6,479,599 1,617,691 1,251,779
Fund balances, September 30 450,134$ 49,247$ 288,145$ 84,487$ 5,906,320$ 2,898,125$ 1,811,132$ 5,157,946$ 1,659,028$ 1,253,781$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance
Nonmajor Governmental Funds
September 30, 2014
Special Revenue
81
Parks Escrow
Sidewalk
Zones
Drainage
Projects Recreation
Truancy
Prevention
Fee
West Medical
District Tax
Increment
Reinvestment
Zone No. 18
East Medical
District Tax
Increment
Reinvestment
Zone No. 19
Public,
Educational
and
Governmental
Access
Channel Fee
R.E. Meyer
Estate
Restricted Gift
General
Government
Projects
Parks and
Recreation
Projects
Total Other
Governmental
Funds
-$ -$ -$ -$ -$ 75,131$ 1,037$ 85,563$ -$ -$ -$ 5,127,808$
- - - 13,484 - - - - - - - 13,484
- - - 7,000 - - - - - - 62,793 2,819,544
- - 2,060,912 760,689 - - - - - - - 3,127,074
- - - - - - - - - - - 192,143
11,623 165 8,856 - 9 - - 555 - 6,559 11,653 75,591
- - - 96,451 - - - - - - - 96,451
1,252,628 - - - - - - - - - - 1,252,628
197,624 1,870 -15,888 8,499 ---116,250 2,004 92,342 530,715
1,461,875 2,035 2,069,768 893,512 8,508 75,131 1,037 86,118 116,250 8,563 166,788 13,235,438
- - - - - - - - - 2,668 1,279 226,618
- - - - - - - - - - - 13,292
- - 100,136 - - - - - - - - 2,065,923
- - 1,020,846 - - - - - - - - 1,020,846
- - - 2,981,051 - - - - - - - 3,115,952
- - - - - - - - - 7,653 - 7,653
- - - - - - - - - - - 2,097,876
- - 79,715 - - - - 50,187 - - 3,800 457,738
526,873 -144,188 - - ---- 1,487,482 849,032 7,139,789
526,873 - 1,344,885 2,981,051 - --50,187 - 1,497,803 854,111 16,145,687
935,002 2,035 724,883 (2,087,539) 8,508 75,131 1,037 35,931 116,250 (1,489,240) (687,323) (2,910,249)
- - - - - - - - - - - -
- - - - - - - - - 4,983,760 5,174,440 10,158,200
- - - - - - - - - 621,240 405,560 1,026,800
- - - 2,236,821 - - - 266,573 - 952,500 400,000 3,855,894
(423,768) - (536,120) (149,282) - - - (72,257) - (275,661) (61,653) (2,338,158)
- - - - - ---- - --
(423,768) -(536,120) 2,087,539 - --194,316 - 6,281,839 5,918,347 12,702,736
511,234 2,035 188,763 - 8,508 75,131 1,037 230,247 116,250 4,792,599 5,231,024 9,792,487
3,702,871 54,690 2,954,750 - - ---- 1,984,192 3,414,144 33,033,333
4,214,105$ 56,725$ 3,143,513$ -$ 8,508$ 75,131$ 1,037$ 230,247$ 116,250$ 6,776,791$ 8,645,168$ 42,825,820$
Capital Projects
82
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 77,265$ 77,265$ 64,082$ -$ 64,082$ (13,183)$
Investment income 853 853 1,299 -1,299 446
Total revenues 78,118 78,118 65,381 -65,381 (12,737)
Expenditures
Fiscal services 79,707 79,707 47,777 -47,777 (31,930)
Total expenditures 79,707 79,707 47,777 -47,777 (31,930)
Excess(deficit) of revenues over
(under) expenditures (1,589) (1,589) 17,604 -17,604 19,193
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (1,589) (1,589) 17,604 - 17,604 19,193
Fund balances, October 1 432,530 432,530 432,530 -432,530 -
Fund balances, September 30 430,941$ 430,941$ 450,134$ -$ 450,134$ 19,193$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Court Technology Fee Fund
For the Fiscal Year Ended September 30, 2014
83
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 61,000$ 61,000$ 48,057$ -$ 48,057$ (12,943)$
Investment income 205 205 186 -186 (19)
Total revenues 61,205 61,205 48,243 -48,243 (12,962)
Expenditures
Fiscal services 67,814 67,814 70,138 -70,138 2,324
Total expenditures 67,814 67,814 70,138 -70,138 2,324
Excess(deficit) of revenues over (under)
expenditures (6,609) (6,609) (21,895) -(21,895) (15,286)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (6,609) (6,609) (21,895) - (21,895) (15,286)
Fund balances, October 1 71,142 71,142 71,142 -71,142 -
Fund balances, September 30 64,533$ 64,533$ 49,247$ -$ 49,247$ (15,286)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Court Security Fee Fund
For the Fiscal Year Ended September 30, 2014
84
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 92,415$ 92,415$ 80,004$ -$ 80,004$ (12,411)$
Investment income 1,428 1,428 906 -906 (522)
Total revenues 93,843 93,843 80,910 -80,910 (12,933)
Expenditures
Fiscal services 108,988 108,988 104,756 -104,756 (4,232)
Total expenditures 108,988 108,988 104,756 -104,756 (4,232)
Excess(deficit) of revenues over
(under) expenditures (15,145) (15,145) (23,846) -(23,846) (8,701)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (15,145) (15,145) (23,846) - (23,846) (8,701)
Fund balances, October 1 311,991 311,991 311,991 -311,991 -
Fund balances, September 30 296,846$ 296,846$ 288,145$ -$ 288,145$ (8,701)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Juvenile Case Manager Fee Fund
For the Fiscal Year Ended September 30, 2014
85
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental 22,000$ 22,000$ 15,811$ -$ 15,811$ (6,189)$
Investment income 210 210 265 -265 55
Total revenues 22,210 22,210 16,076 -16,076 (6,134)
Expenditures
Police 40,000 40,000 13,292 -13,292 (26,708)
Total expenditures 40,000 40,000 13,292 -13,292 (26,708)
Excess(deficit) of revenues over
(under) expenditures (17,790) (17,790) 2,784 -2,784 20,574
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (17,790) (17,790) 2,784 - 2,784 20,574
Fund balances, October 1 81,703 81,703 81,703 -81,703 -
Fund balances, September 30 63,913$ 63,913$ 84,487$ -$ 84,487$ 20,574$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Police Seizure Fund
For the Fiscal Year Ended September 30, 2014
86
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Other charges for services 298,853$ 298,853$ 187,366$ -$ 187,366$ (111,487)$
Investment income 5,000 5,000 4,673 -4,673 (327)
Total revenues 303,853 303,853 192,039 -192,039 (111,814)
Expenditures
Other - -122,174 -122,174 122,174
Total expenditures - -122,174 -122,174 122,174
Excess(deficit) of revenues over
(under) expenditures 303,853 303,853 69,865 -69,865 (233,988)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (196,058) (196,058) (196,058) -(196,058) -
Total other financing sources (uses) (196,058) (196,058) (196,058) -(196,058) -
Net change in fund balances 107,795 107,795 (126,193) - (126,193) (233,988)
Fund balances, October 1 6,032,513 6,032,513 6,032,513 -6,032,513 -
Fund balances, September 30 6,140,308$ 6,140,308$ 5,906,320$ -$ 5,906,320$ (233,988)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Memorial Cemetery Fund
For the Fiscal Year Ended September 30, 2014
87
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Other charges for services 147,197$ 147,197$ 92,285$ -$ 92,285$ (54,912)$
Investment income 2,000 2,000 2,127 - 2,127 127
Other - -56 -56 56
Total revenues 149,197 149,197 94,468 -94,468 (54,729)
Expenditures
Parks & recreation 10,000 10,000 - - - (10,000)
Other - -60,175 -60,175 60,175
Total expenditures 10,000 10,000 60,175 -60,175 50,175
Excess(deficit) of revenues over
(under) expenditures 139,197 139,197 34,293 -34,293 (104,904)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 139,197 139,197 34,293 - 34,293 (104,904)
Fund balances, October 1 2,863,832 2,863,832 2,863,832 -2,863,832 -
Fund balances, September 30 3,003,029$ 3,003,029$ 2,898,125$ -$ 2,898,125$ (104,904)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Memorial Cemetery Endowment Fund
For the Fiscal Year Ended September 30, 2014
88
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Other charges for services 2,500$ 2,500$ 25,822$ -$ 25,822$ 23,322$
Investment income 4,000 4,000 5,358 -5,358 1,358
Total revenues 6,500 6,500 31,180 -31,180 24,680
Expenditures
Other - -(46) -(46)(46)
Total expenditures - -(46) -(46)(46)
Excess(deficit) of revenues over
(under) expenditures 6,500 6,500 31,226 -31,226 24,726
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 6,500 6,500 31,226 - 31,226 24,726
Fund balances, October 1 1,779,906 1,779,906 1,779,906 -1,779,906 -
Fund balances, September 30 1,786,406$ 1,786,406$ 1,811,132$ -$ 1,811,132$ 24,726$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Texas Ave Cemetery Endowment Fund
For the Fiscal Year Ended September 30, 2014
89
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Hotel occupancy tax 4,246,000$ 4,246,000$ 4,966,077$ -$ 4,966,077$ 720,077$
Investment income 11,500 11,500 17,623 -17,623 6,123
Total revenues 4,257,500 4,257,500 4,983,700 -4,983,700 726,200
Expenditures
Fiscal services 45,000 45,000 - - - (45,000)
Public works - - 134,901 - 134,901 134,901
Parks & recreation 219,000 219,000 - - - (219,000)
Contributions 1,947,340 2,264,980 2,097,876 - 2,097,876 (167,104)
Other 229,167 386,417 140,001 - 140,001 (246,416)
Capital outlay - -3,439,582 -3,439,582 3,439,582
Total expenditures 2,440,507 2,915,397 5,812,360 -5,812,360 2,896,963
Excess(deficit) of revenues over
(under) expenditures 1,816,993 1,342,103 (828,660) -(828,660) (2,170,763)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (473,000) (473,000) (492,993) - (492,993) (19,993)
Contingency (50,000) (50,000) - - -50,000
Total other financing sources (uses) (523,000) (523,000) (492,993) -(492,993) 30,007
Net change in fund balances 1,293,993 819,103 (1,321,653) - (1,321,653) (2,140,756)
Fund balances, October 1 6,479,599 6,479,599 6,479,599 -6,479,599 -
Fund balances, September 30 7,773,592$ 7,298,702$ 5,157,946$ -$ 5,157,946$ (2,140,756)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Hotel Tax Fund
For the Fiscal Year Ended September 30, 2014
90
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental 4,065,879$ 4,065,879$ 2,733,940$ -$ 2,733,940$ (1,331,939)$
Other 29,764 29,764 96,182 -96,182 66,418
Total revenues 4,095,643 4,095,643 2,830,122 -2,830,122 (1,265,521)
Expenditures
Planning and development services 2,305,240 2,305,240 1,965,787 - 1,965,787 (339,453)
Other 857,867 857,867 692,632 -692,632 (165,235)
Total expenditures 3,163,107 3,163,107 2,658,419 -2,658,419 (504,688)
Excess(deficit) of revenues over (under)
expenditures 932,536 932,536 171,703 -171,703 (760,833)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (932,536) (932,536) (130,366) -(130,366) 802,170
Total other financing sources (uses)(932,536) (932,536) (130,366) -(130,366) 802,170
Net change in fund balances - - 41,337 - 41,337 41,337
Fund balances, October 1 1,617,691 1,617,691 1,617,691 -1,617,691 -
Fund balances, September 30 1,617,691$ 1,617,691$ 1,659,028$ -$ 1,659,028$ 41,337$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Community Development Fund
For the Fiscal Year Ended September 30, 2014
91
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 583$ 583$ 3,734$ -$ 3,734$ 3,151$
Total revenues 583 583 3,734 -3,734 3,151
Expenditures
Other 1,235,044 1,235,044 1,732 -1,732 (1,233,312)
Total expenditures 1,235,044 1,235,044 1,732 -1,732 (1,233,312)
Excess(deficit) of revenues over
(under) expenditures (1,234,461) (1,234,461) 2,002 -2,002 1,236,463
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (1,234,461) (1,234,461) 2,002 - 2,002 1,236,463
Fund balances, October 1 1,251,779 1,251,779 1,251,779 -1,251,779 -
Fund balances, September 30 17,318$ 17,318$ 1,253,781$ -$ 1,253,781$ 1,236,463$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Wolf Pen Creek (WPC) TIF Fund
For the Fiscal Year Ended September 30, 2014
92
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 10,000$ 10,000$ 11,623$ -$ 11,623$ 1,623$
Contributions 300,000 300,000 1,252,628 - 1,252,628 952,628
Other - -197,624 -197,624 197,624
Total revenues 310,000 310,000 1,461,875 -1,461,875 1,151,875
Expenditures
Capital outlay 2,662,500 2,662,500 526,873 -526,873 (2,135,627)
Total expenditures 2,662,500 2,662,500 526,873 -526,873 (2,135,627)
Excess(deficit) of revenues over
(under) expenditures (2,352,500) (2,352,500) 935,002 -935,002 3,287,502
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (420,042) (420,042) (423,768) -(423,768) (3,726)
Total other financing sources (uses) (420,042) (420,042) (423,768) -(423,768) (3,726)
Net change in fund balances (2,772,542) (2,772,542) 511,234 - 511,234 3,283,776
Fund balances, October 1 3,702,871 3,702,871 3,702,871 -3,702,871 -
Fund balances, September 30 930,329$ 930,329$ 4,214,105$ -$ 4,214,105$ 3,283,776$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Parks Escrow Fund
For the Fiscal Year Ended September 30, 2014
93
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Other charges for services 2,047,200$ 2,047,200$ 2,060,912$ -$ 2,060,912$ 13,712$
Investment income 7,000 7,000 8,856 -8,856 1,856
Total revenues 2,054,200 2,054,200 2,069,768 -2,069,768 15,568
Expenditures
Planning and development services 210,517 210,517 100,136 - 100,136 (110,381)
Public works 1,028,017 1,028,017 1,020,846 - 1,020,846 (7,171)
Other 455,250 455,250 223,903 -223,903 (231,347)
Total expenditures 1,693,784 1,693,784 1,344,885 -1,344,885 (348,899)
Excess(deficit) of revenues over
(under) expenditures 360,416 360,416 724,883 -724,883 364,467
Other financing sources (uses)
Miscellaneous (7,200) (7,200) - - - 7,200
Transfers in - - - - - -
Transfers out (589,451) (589,451) (536,120) -(536,120) 53,331
Total other financing sources (uses) (596,651) (596,651) (536,120) -(536,120) 60,531
Net change in fund balances (236,235) (236,235) 188,763 - 188,763 424,998
Fund balances, October 1 2,954,750 2,954,750 2,954,750 -2,954,750 -
Fund balances, September 30 2,718,515$ 2,718,515$ 3,143,513$ -$ 3,143,513$ 424,998$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Drainage Projects Fund
For the Fiscal Year Ended September 30, 2014
94
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Licenses and permits 650$ 650$ 13,484$ -$ 13,484$ 12,834$
Intergovernmental 7,500 7,500 7,000 - 7,000 (500)
Parks and rec charges for services 790,600 790,600 760,689 - 760,689 (29,911)
Other charges for services 112,400 112,400 - - - (112,400)
Rents and royalties 95,400 95,400 96,451 - 96,451 1,051
Contributions 6,200 6,200 - - - (6,200)
Other 25,000 25,000 15,888 -15,888 (9,112)
Total revenues 1,037,750 1,037,750 893,512 -893,512 (144,238)
Expenditures
Parks & recreation 3,104,028 3,104,028 2,981,051 -2,981,051 (122,977)
Total expenditures 3,104,028 3,104,028 2,981,051 -2,981,051 (122,977)
Excess(deficit) of revenues over
(under) expenditures (2,066,278) (2,066,278) (2,087,539) -(2,087,539) (21,261)
Other financing sources (uses)
Transfers in 2,215,560 2,215,560 2,236,821 - 2,236,821 21,261
Transfers out (149,282) (149,282) (149,282) -(149,282) -
Total other financing sources (uses) 2,066,278 2,066,278 2,087,539 -2,087,539 21,261
Net change in fund balances - - - - - -
Fund balances, October 1 - - - - - -
Fund balances, September 30 -$ -$ -$ -$ -$ -$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Recreation Fund
For the Fiscal Year Ended September 30, 2014
95
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Property tax 73,652$ 73,652$ 75,131$ -$ 75,131$ 1,479$
Investment income 1,000 1,000 - - -(1,000)
Total revenues 74,652 74,652 75,131 -75,131 479
Expenditures
Other - - - - - -
Total expenditures - - - - - -
Excess(deficit) of revenues over
(under) expenditures 74,652 74,652 75,131 -75,131 479
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 74,652 74,652 75,131 - 75,131 479
Fund balances, October 1 - - - - - -
Fund balances, September 30 74,652$ 74,652$ 75,131$ -$ 75,131$ 479$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
West Medical District Tax Increment Reinvestment Zone No. 18 Fund
For the Fiscal Year Ended September 30, 2014
96
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Property tax 1,037$ 1,037$ 1,037$ -$ 1,037$ -$
Investment income - - - - - -
Total revenues 1,037 1,037 1,037 -1,037 -
Expenditures
Other - - - - - -
Total expenditures - - - - - -
Excess(deficit) of revenues over
(under) expenditures 1,037 1,037 1,037 -1,037 -
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 1,037 1,037 1,037 - 1,037 -
Fund balances, October 1 - - - - - -
Fund balances, September 30 1,037$ 1,037$ 1,037$ -$ 1,037$ -$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
East Medical District Tax Increment Reinvestment Zone No. 19 Fund
For the Fiscal Year Ended September 30, 2014
97
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Franchise tax 44,000$ 44,000$ 85,563$ -$ 85,563$ 41,563$
Investment income 450 450 555 -555 105
Total revenues 44,450 44,450 86,118 -86,118 41,668
Expenditures
Other 65,120 65,120 50,187 -50,187 (14,933)
Total expenditures 65,120 65,120 50,187 -50,187 (14,933)
Excess(deficit) of revenues over
(under) expenditures (20,670) (20,670) 35,931 -35,931 56,601
Other financing sources (uses)
Transfers in 233,840 233,840 266,573 - 266,573 32,733
Transfers out (49,263) (72,257) (72,257) -(72,257) -
Total other financing sources (uses)184,577 161,583 194,316 -194,316 32,733
Net change in fund balances 163,907 140,913 230,247 - 230,247 89,334
Fund balances, October 1 - - - - - -
Fund balances, September 30 163,907$ 140,913$ 230,247$ -$ 230,247$ 89,334$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Public, Educational and Governmental Access Channel Fee Fund
For the Fiscal Year Ended September 30, 2014
98
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 7,000$ 7,000$ 6,559$ -$ 6,559$ (441)$
Other - -2,004 -2,004 2,004
Total revenues 7,000 7,000 8,563 -8,563 1,563
Expenditures
Fiscal services 15,000 15,000 2,668 - 2,668 (12,332)
Information technology - - 7,653 - 7,653 7,653
Other 6,912,000 6,912,000 1,487,482 -1,487,482 (5,424,518)
Total expenditures 6,927,000 6,927,000 1,497,803 -1,497,803 (5,429,197)
Excess(deficit) of revenues over
(under) expenditures (6,920,000) (6,920,000) (1,489,240) -(1,489,240) 5,430,760
Other financing sources (uses)
Issuance of debt 2,654,500 2,654,500 5,605,000 - 5,605,000 2,950,500
Transfers in 952,500 952,500 952,500 - 952,500 -
Transfers out (85,287) (255,287) (275,661) -(275,661) (20,374)
Total other financing sources (uses) 3,521,713 3,351,713 6,281,839 -6,281,839 2,930,126
Net change in fund balances (3,398,287) (3,568,287) 4,792,599 - 4,792,599 8,360,886
Fund balances, October 1 1,984,192 1,984,192 1,984,192 -1,984,192 -
Fund balances, September 30 (1,414,095)$ (1,584,095)$ 6,776,791$ -$ 6,776,791$ 8,360,886$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
General Government Projects Fund
For the Fiscal Year Ended September 30, 2014
99
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental -$ -$ 62,793$ -$ 62,793$ 62,793$
Investment income 5,000 5,000 11,653 - 11,653 6,653
Other 78,000 78,000 92,342 -92,342 14,342
Total revenues 83,000 83,000 166,788 -166,788 83,788
Expenditures
Fiscal services - - 1,279 - 1,279 1,279
Other 1,165,500 1,165,500 852,832 -852,832 (312,668)
Total expenditures 1,165,500 1,165,500 854,111 -854,111 (311,389)
Excess(deficit) of revenues over
(under) expenditures (1,082,500) (1,082,500) (687,323) -(687,323) 395,177
Other financing sources (uses)
Issuance of debt 2,715,000 2,715,000 5,580,000 - 5,580,000 2,865,000
Transfers in 400,000 400,000 400,000 - 400,000 -
Transfers out (32,700) (32,700) (61,653) -(61,653) (28,953)
Total other financing sources (uses) 3,082,300 3,082,300 5,918,347 -5,918,347 2,836,047
Net change in fund balances 1,999,800 1,999,800 5,231,024 - 5,231,024 3,231,224
Fund balances, October 1 3,414,144 3,414,144 3,414,144 -3,414,144 -
Fund balances, September 30 5,413,944$ 5,413,944$ 8,645,168$ -$ 8,645,168$ 3,231,224$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Parks and Recreation Projects Fund
For the Fiscal Year Ended September 30, 2014
100
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 12,041,492$ 12,041,492$ 11,938,869$ -$ 11,938,869$ (102,623)$
Investment income 25,034 25,034 14,326 - 14,326 (10,708)
Other - -917 -917 917
Total revenues 12,066,526 12,066,526 11,954,112 -11,954,112 (112,414)
Expenditures
Debt service principal 8,650,000 8,650,000 8,650,000 - 8,650,000 -
Debt service interest 3,699,455 3,699,455 3,707,799 - 3,707,799 8,344
Fiscal charges 50,000 50,000 39,719 -39,719 (10,281)
Total expenditures 12,399,455 12,399,455 12,397,518 -12,397,518 (1,937)
Excess(deficit) of revenues over
(under) expenditures (332,929) (332,929) (443,406) -(443,406) (110,477)
Other financing sources (uses)
Advance refunding - - (9,755,695) - (9,755,695) (9,755,695)
Issuance of debt - - 8,535,000 - 8,535,000 8,535,000
Premium on bonds issued - - 1,249,222 - 1,249,222 1,249,222
Transfers in 196,058 196,058 196,058 - 196,058 -
Transfers out - - - - - -
Total other financing sources (uses)196,058 196,058 224,585 -224,585 28,527
Net change in fund balances (136,871) (136,871) (218,821) - (218,821) (81,950)
Fund balances, October 1 3,433,255 3,433,255 3,433,255 -3,433,255 -
Fund balances, September 30 3,296,384$ 3,296,384$ 3,214,434$ -$ 3,214,434$ (81,950)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Debt Service Fund
For the Fiscal Year Ended September 30, 2014
101
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental -$ -$ 225,670$ -$ 225,670$ 225,670$
Other charges for services 187,020 187,020 121,679 - 121,679 (65,341)
Investment income 25,000 25,000 39,682 - 39,682 14,682
Other 100,000 100,000 29,005 -29,005 (70,995)
Total revenues 312,020 312,020 416,036 -416,036 104,016
Expenditures
Fiscal services - - 4,058 - 4,058 4,058
Other - 229,626 - - - (229,626)
Capital outlay 10,547,051 10,912,077 5,496,545 - 5,496,545 (5,415,532)
Fiscal charges 40,000 40,000 - - - (40,000)
Intergovernmental 107,333 171,203 489,817 -489,817 318,614
Total expenditures 10,694,384 11,352,906 5,990,420 -5,990,420 (5,362,486)
Excess(deficit) of revenues over
(under) expenditures (10,382,364) (11,040,886) (5,574,384) -(5,574,384) 5,466,502
Other financing sources (uses)
Issuance of debt 8,780,000 8,780,000 13,201,800 - 13,201,800 4,421,800
Premium on bonds issued - - 1,348,200 - 1,348,200 1,348,200
Transfers in 1,735,339 2,393,861 1,588,163 - 1,588,163 (805,698)
Transfers out (359,428) (359,428) (531,890) -(531,890) (172,462)
Total other financing sources (uses) 10,155,911 10,814,433 15,606,273 -15,606,273 4,791,840
Net change in fund balances (226,453) (226,453) 10,031,889 - 10,031,889 10,258,342
Fund balances, October 1 13,537,316 13,537,316 13,537,316 -13,537,316 -
Fund balances, September 30 13,310,863$ 13,310,863$ 23,569,205$ -$ 23,569,205$ 10,258,342$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Streets Projects Fund
For the Fiscal Year Ended September 30, 2014
102
COMBINING FINANCIAL STATEMENTS
NONMAJOR ENTERPRISE FUNDS
Sanitation Fund - account for all sanitation collection and disposal activities by the City for both residential and
commercial customers.
Northgate Parking Garage Fund - account for revenues and expenses related to the operation and
maintenance of the Northgate parking garage and parking lot.
103
Sanitation
Northgate
Parking Garage
Total Nonmajor
Enterprise Funds
Assets
Current assets
Cash and cash equivalents 236,356$ 1,007,681$ 1,244,037$
Equity in investments 31,227 133,133 164,360
Receivable (net of allow for uncollectible)925,763 50 925,813
Inventories 5,641 -5,641
Total current assets 1,198,987 1,140,864 2,339,851
Noncurrent assets
Equity in joint venture 12,909,486 - 12,909,486
Loan receivable 4,100,000 - 4,100,000
Bond issuance charges -55,888 55,888
17,009,486 55,888 17,065,374
Capital assets
Buildings - 5,737,679 5,737,679
Machinery and equipment 5,667,166 691,729 6,358,895
Less accumulated depreciation (2,458,773) (2,323,650) (4,782,423)
Construction in progress - 9,400 9,400
Land -690,750 690,750
Total capital assets 3,208,393 4,805,908 8,014,301
Total noncurrent assets 20,217,879 4,861,796 25,079,675
Total assets 21,416,866 6,002,660 27,419,526
Liabilities
Current Liabilities
Accounts payable 327,057 45,044 372,101
Compensated absences 8,553 444 8,997
Accrued liabilities 89,375 19,844 109,219
Unearned revenue-other - 141,963 141,963
Accrued interest payable 18,654 7,822 26,476
Refundable deposits - 4,200 4,200
Certificates of obligation 240,000 - 240,000
General obligation bonds -413,174 413,174
Total current liabilities 683,639 632,491 1,316,130
Noncurrent liabilities
Certificates of obligation 3,860,000 - 3,860,000
General obligation bonds - 1,507,696 1,507,696
Compensated absences 101,570 5,271 106,841
Post employment benefits 295,582 29,138 324,720
Net pension obligation 237,182 23,046 260,228
Total noncurrent liabilites 4,494,334 1,565,151 6,059,485
Total liabilities 5,177,973 2,197,642 7,375,615
Net position
Net investment in capital assets 3,208,393 2,885,037 6,093,430
Restricted For:
Debt Service - - -
Unrestricted 13,030,500 919,981 13,950,481
Total net position 16,238,893$ 3,805,018$ 20,043,911$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Net Position
Nonmajor Enterprise Funds
September 30, 2014
104
Sanitation
Northgate
Parking Garage
Total Nonmajor
Enterprise
Funds
Operating revenues
Charges for services 8,004,680$ 1,292,782$ 9,297,462$
Other 9,775 1,332 11,107
Total operating revenues 8,014,455 1,294,114 9,308,569
Operating expenses
Salaries and benefits 2,192,241 287,094 2,479,335
Supplies 633,584 26,210 659,794
Maintenance 604,906 90,141 695,047
Purchased professional services 703,532 157,737 861,269
Purchased property services 1,663,328 63,570 1,726,898
Other purchased services 856,751 88,117 944,868
Depreciation 563,739 258,798 822,537
Other 29,353 (52) 29,301
Total operating expenses 7,247,434 971,615 8,219,049
Operating income 767,021 322,499 1,089,520
Nonoperating revenues (expenses)
Investment income 855 2,718 3,573
Gain (loss) on disposal of assets 173 (3,708) (3,535)
Earnings in joint venture 291,366 - 291,366
Interest expense - (78,344) (78,344)
Debt issuance costs - (353) (353)
Other, net (188,421) 7,628 (180,793)
Total nonoperating revenues (expenses)103,973 (72,059) 31,914
Income before capital contributions and transfers 870,994 250,440 1,121,434
Capital contributions and transfers
Capital contributions 1,747,963 - 1,747,963
Transfers in 213,982 193,001 406,983
Transfers out (1,271,494) (88,516) (1,360,010)
Total capital contributions and transfers 690,451 104,485 794,936
Change in net position 1,561,445 354,925 1,916,370
Net position - beginning 14,677,448 3,450,093 18,127,541
Net position - ending 16,238,893$ 3,805,018$ 20,043,911$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Enterprise Funds
For the Fiscal Year Ended September 30, 2014
105
Total
Northgate Nonmajor
Parking Enterprise
Sanitation Garage Funds
Cash flows from operating activities:
Cash received from customers 7,897,840$ 1,350,519$ 9,248,359$
Cash payments to suppliers for goods and services (4,459,297) (432,300) (4,891,597)
Cash payments to employees for services (2,119,981) (278,566) (2,398,547)
Cash paid for miscellaneous services (188,421) (353) (188,774)
Cash received for miscellaneous revenues -7,628 7,628
Net cash provided (used) by operating activities 1,130,141 646,928 1,777,069
Cash flows from noncapital financing activities:
Transfers in from other funds 213,982 193,001 406,983
Transfers out to other funds (1,271,494) (88,516) (1,360,010)
Net cash provided (used) by noncapital financing activities (1,057,512) 104,485 (953,027)
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets (1,747,790) 456 (1,747,334)
Capital grants and contributions 1,747,963 - 1,747,963
Principal paid on certificates of obligation and general obligation bonds - (386,996) (386,996)
Interest paid on certificates of obligation and general obligation bonds 1,852 (78,639) (76,787)
Net cash provided (used) by capital and related financing activities 2,025 (465,179) (463,154)
Cash flows from investing activities:
Purchase of investments (73,867) (315,742) (389,609)
Proceeds from sale and maturities of investment securities 65,055 282,020 347,075
Investment income 855 2,718 3,573
Net cash provided (used) by investing activities (7,957) (31,004) (38,961)
Net increase (decrease) in cash and cash equivalents 66,697 255,230 321,927
Cash and cash equivalents, Oct. 1 169,659 752,451 922,110
Cash and cash equivalents, Sept. 30 236,356$ 1,007,681$ 1,244,037$
Reconciliation of operating income to net cash
Provided by operating activities:
Operating income 767,021$ 322,499$ 1,089,520$
Adjustment to reconcile operating income to net
cash provided (used) by operating activities:
Depreciation, bad debt expense, inventory loss 563,739 258,798 822,537
Miscellaneous nonoperating revenues - 7,628 7,628
Miscellaneous nonoperating expenses (188,421) (353) (188,774)
Changes in assets and liabilities:
Change in accounts receivable (116,615) (50) (116,665)
Change in inventory 9,399 - 9,399
Change in accounts payable 19,805 (5,345) 14,460
Change in accrued liabilities 5,608 35 5,643
Change in deferred revenue - 56,455 56,455
Change in accrued vacation 13,658 1,349 15,007
Change in OPEB 40,907 4,323 45,230
Change in net pension obligation 15,040 1,589 16,629
Total adjustments 363,120 324,429 687,549
Net cash provided (used) by operating activities 1,130,141$ 646,928$ 1,777,069$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Fiscal Year Ended September 30, 2014
106
COMBINING FINANCIAL STATEMENTS
INTERNAL SERVICE FUNDS
Employee Benefits Fund - to account for self-insurance activity related to administration of the City's health
benefits plan.
Equipment Replacement Fund - to account for the purchase of City equipment such as vehicles and large
motorized equipment, telephone and radio systems, and replacement assets for existing technological
infrastructure equipment not budgeted in other funds.
Fleet Maintenance Fund - to account for all activities related to the management of the City’s vehicles and
heavy equipment, including preventive maintenance and vehicle repair activities.
Property and Casualty Fund - to account for insurance activity relating to all claims filed for liability cases (both
injury and property) and property losses incurred for City property.
Unemployment Fund - to account for self-insurance activity on claims filed under unemployment compensation
laws.
Utility Customer Service Fund - to account for the billing and collection activities relating to the City’s electric,
water, and sewer utilities and residential and commercial garbage collection.
W orkers' Compensation Fund - to account for self-insurance activity relating to administration of the City's
workers' compensation plan.
107
Employee
Benefits
Equipment
Replacement
Fleet
Maintenance
Property and
Casualty Unemployment
Utility Customer
Service
Workers'
Compensation
Total Internal
Service Funds
Assets
Current assets
Cash and cash equivalents 7,939,436$ 6,435,625$ 119,582$ 1,530,966$ 341,887$ 280,705$ 2,127,967$ 18,776,168$
Equity in investments 1,048,944 850,263 15,799 202,268 45,169 37,086 281,143 2,480,672
Receivable (net of allow for uncollectible)4,818 - - 22,435 - 14,507 3,674 45,434
Inventories - -115,581 - - - -115,581
Total current assets 8,993,198 7,285,888 250,962 1,755,669 387,056 332,298 2,412,784 21,417,855
Capital assets
Buildings - - 786,525 - - 37,133 - 823,658
Machinery and equipment - 20,868,620 345,600 - - 722,117 - 21,936,337
Less accumulated depreciation -(13,603,355) (682,044) - -(513,619) -(14,799,018)
Total capital assets -7,265,265 450,081 - -245,631 -7,960,977
Total assets 8,993,198 14,551,153 701,043 1,755,669 387,056 577,929 2,412,784 29,378,832
Liabilities
Current liabilities
Accounts payable 316,493 158,496 98,449 16,546 - 13,174 2,590 605,748
Accrued liabilities 1,507 - 21,322 2,112 - 30,973 2,112 58,026
Compensated absences - - 4,446 - - 3,877 - 8,323
Claims payable 1,172,446 - -194,012 - -284,178 1,650,636
Total current liabilities 1,490,446 158,496 124,217 212,670 -48,024 288,880 2,322,733
Noncurrent liabilities
Compensated absences - - 52,801 - - 46,043 - 98,844
Post employment benefits 10,871 - 129,230 14,837 - 204,219 14,811 373,968
Net pension obligation 8,997 -103,881 12,330 -165,070 12,304 302,582
Total noncurrent liabilites 19,868 -285,912 27,167 -415,332 27,115 775,394
Total liabilities 1,510,314 158,496 410,129 239,837 -463,356 315,995 3,098,127
Net position
Net investment in capital assets - 7,265,265 450,081 - - 245,631 - 7,960,977
Unrestricted 7,482,884 7,127,392 (159,167) 1,515,832 387,056 (131,058) 2,096,789 18,319,728
Total net position 7,482,884$ 14,392,657$ 290,914$ 1,515,832$ 387,056$ 114,573$ 2,096,789$ 26,280,705$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Net Position
Internal Service Funds
September 30, 2014
108
Employee
Benefits
Equipment
Replacement
Fleet
Maintenance
Property and
Casualty Unemployment
Utility Customer
Service
Workers'
Compensation
Total Internal
Service Funds
Operating revenues
Charges for services -$ 3,527,286$ 2,009,977$ -$ -$ 2,052,233$ -$ 7,589,496$
Premiums 8,849,256 - - 1,039,410 29,305 - 495,516 10,413,487
Other 23,007 -333 217,603 -129,973 100 371,016
Total operating revenues 8,872,263 3,527,286 2,010,310 1,257,013 29,305 2,182,206 495,616 18,373,999
Operating expenses
Salaries and benefits 36,675 - 901,300 88,349 - 1,304,365 88,347 2,419,036
Supplies - - 954,320 - - 62,729 - 1,017,049
Maintenance - - 15,820 - - 23,612 - 39,432
Purchased professional services 49,451 - 25,240 10,900 - 77,579 10,900 174,070
Purchased property services - - 18,045 - - 41,615 - 59,660
Other purchased services - - 61,052 - - 667,747 - 728,799
Claims 6,773,510 - - 174,806 13,428 - 285,450 7,247,194
Administration fees 464,990 - - 84,726 - - 23,044 572,760
Contributions - 2,690,290 - - - - - 2,690,290
Premiums 1,009,226 - - 261,883 - - 162,484 1,433,593
Depreciation - 1,796,846 35,713 - - 47,803 - 1,880,362
Other 34,799 -5,939 5,631 -7,302 -53,671
Total operating expenses 8,368,651 4,487,136 2,017,429 626,295 13,428 2,232,752 570,225 18,315,916
Operating income 503,612 (959,850) (7,119) 630,718 15,877 (50,546) (74,609) 58,083
Nonoperating revenues (expenses)
Investment income 25,129 24,304 345 4,274 1,128 863 7,041 63,084
Gain (loss) on disposal of assets - 156,048 - - - - - 156,048
Other, net (2,731) (145,106) (519) (11,153) - - -(159,509)
Total nonoperating revenues (expenses)22,398 35,246 (174) (6,879) 1,128 863 7,041 59,623
Income before capital contributions and transfers 526,010 (924,604) (7,293) 623,839 17,005 (49,683) (67,568) 117,706
Capital contributions and transfers
Capital contributions - - - - - - - -
Transfers in - - - - - - - -
Transfers out (73,450) (475,000) - - - - -(548,450)
Total capital contributions and transfers (73,450) (475,000) - - - - -(548,450)
Change in net position 452,560 (1,399,604) (7,293) 623,839 17,005 (49,683) (67,568) (430,744)
Net position-beginning 7,030,324 15,792,261 298,207 891,993 370,051 164,256 2,164,357 26,711,449
Net position-ending 7,482,884$ 14,392,657$ 290,914$ 1,515,832$ 387,056$ 114,573$ 2,096,789$ 26,280,705$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenses and Changes in Net Position
Internal Service Fund
For the Fiscal Year Ended September 30, 2014
109
Total
Internal
Employee Equipment Fleet Property and Utility Customer Workers' Service
Benefits Replacement Maintenance Casualty Unemployment Service Compensation Funds
Cash Flows from operating activities:
Cash received from customers 8,871,465$ 3,527,286$ 2,010,310$ 1,234,578$ 29,305$ 2,190,043$ 494,442$ 18,357,429$
Cash payments to suppliers for goods and services (8,090,953) (2,578,921) (1,090,323) (762,227) (21,353) (887,201) (457,006) (13,887,984)
Cash payments to employees for services (34,196) - (877,445) (85,644) - (1,274,589) (86,468) (2,358,342)
Cash paid for miscellaneous services (2,731) (145,106) (519) (11,153) ---(159,509)
Net cash provided (used) by operating activities 743,585 803,259 42,023 375,554 7,952 28,253 (49,032) 1,951,594
Cash flows from noncapital financing activities:
Transfers out to other funds (73,450) (475,000) -----(548,450)
Net cash provided (used) by noncapital financing activities (73,450) (475,000) -----(548,450)
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets - (1,637,428) (68,625) - - - - (1,706,053)
Proceeds from sale of assets -156,048 -----156,048
Net cash provided (used) by capital and related financing activities - (1,481,380) (68,625) ---- (1,550,005)
Cash flows from investing activities:
Purchase of investments (2,526,971) (2,090,358) (38,973) (481,174) (109,333) (89,231) (682,960) (6,019,000)
Proceeds from sale and maturities of investment securities 2,445,834 2,222,091 42,037 436,848 108,274 85,833 687,860 6,028,777
Investment income 25,129 24,304 345 4,274 1,128 863 7,041 63,084
Net cash provided (used) by investing activities (56,008) 156,037 3,409 (40,052) 69 (2,535) 11,941 72,861
Net increase (decrease) in cash and cash equivalents 614,127 (997,084) (23,193) 335,502 8,021 25,718 (37,091) (74,000)
Cash and cash equivalents, Oct. 1 7,325,309 7,432,709 142,775 1,195,464 333,866 254,987 2,165,058 18,850,168
Cash and cash equivalents, Sept. 30 7,939,436$ 6,435,625$ 119,582$ 1,530,966$ 341,887$ 280,705$ 2,127,967$ 18,776,168$
Reconciliation of operating income to net cash
provided by operating activities:
Operating income 503,612$ (959,850)$ (7,119)$ 630,718$ 15,877$ (50,546)$ (74,609)$ 58,083$
Adjustment to reconcile operating income to net
Cash provided (used) by operating activities:
Depreciation, bad debt expense, inventory loss - 1,796,846 35,713 - - 47,803 - 1,880,362
Miscellaneous nonoperating expenses (2,731) (145,106) (519) (11,153) - - - (159,509)
Changes in assets and liabilities:
Change in accounts receivable (798) - - (22,435) - 7,837 (1,174) (16,570)
Change in inventory - - (18,971) - - - - (18,971)
Change in accounts payable 28,300 111,369 9,029 7,165 (7,925) (6,086) (2,940) 138,912
Change in claims payable 212,723 - - (231,446) - - 27,812 9,089
Change in accrued liabilities 1,507 - 1,869 282 - 4,296 (544) 7,410
Change in accrued vacation - - (1,302) - - (8,024) - (9,326)
Change in OPEB 711 - 17,054 1,772 - 24,109 1,772 45,418
Change in net pension obligation 261 -6,269 651 -8,864 651 16,696
Total adjustments 239,973 1,763,109 49,142 (255,164) (7,925) 78,799 25,577 1,893,511
Net cash provided (used) by operating activities 743,585$ 803,259$ 42,023$ 375,554$ 7,952$ 28,253$ (49,032)$ 1,951,594$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Cash Flows
Internal Service Funds
For the Fiscal Year Ended September 30, 2014
110
STATISTICAL SECTION -
UNAUDITED
This section of the City of College Station’s comprehensive annual financial report presents detailed
information as a context for understanding what the information in the financial statements, note
disclosures, and required supplementary information says about the City’s overall financial condition.
Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial
performance and well-being have changed over time. (Pages 112-118)
Revenue Capacity
These schedules contain information to help the reader assess the factors affecting the City’s ability to
generate its property and sales taxes. (Pages 119-126)
Debt Capacity
These schedules present information to help the reader assess the affordability of the City’s current levels
of outstanding debt and the City’s ability to issue additional debt in the future. (Pages 127-131)
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the
environment within which the City’s financial activities take place and to help make comparisons over time
and with other governments. (Pages 132-137)
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive
annual financial reports for the relevant year. The City implemented GASB Statement 34 in 2003; schedules
presenting government-wide information include information beginning in that year. The City implemented
GASB Statement 54 in 2009; schedules presenting governmental fund balance reclassifications begin in
that year.
111
2005200620072008200920102011201220132014Governmental activities Net investment in capital assets105,859,949$ 108,287,795$ 113,750,039$ 114,935,845$ 143,530,290$ 153,397,767$ 145,546,799$ 149,875,513$ 153,214,549$ 125,012,201$ Restricted4,289,531 4,564,184 5,089,422 6,357,013 8,077,876 10,201,722 25,565,107 13,606,487 16,751,846 15,608,417 Unrestricted27,897,090 39,602,065 45,967,901 59,703,654 37,712,097 37,359,741 27,695,418 39,065,396 40,964,678 76,502,627 Total governmental activities net postion 138,046,570$ 152,454,044$ 164,807,362$ 180,996,512$ 189,320,263$ 200,959,230$ 198,807,324$ 202,547,396$ 210,931,073$ 217,123,245$ Business-type activities Net investment in capital assets 132,001,489$ 142,778,246$ 147,043,092$ 145,066,758$ 147,627,129$ 161,365,075$ 175,059,669$ 179,123,899$ 189,315,182$ 165,180,775$ Restricted 2,797,735 2,920,980 3,056,356 1,590,977 3,119,691 1,588,631 1,588,631 1,580,992 1,580,992 1,580,992 Unrestricted 30,830,640 32,980,043 37,474,945 43,957,844 47,397,414 38,818,705 35,213,377 38,597,823 36,847,830 61,775,551 Total business-type activities net postion 165,629,864$ 178,679,269$ 187,574,393$ 190,615,579$ 198,144,234$ 201,772,411$ 211,861,677$ 219,302,714$ 227,744,004$ 228,537,318$ Primary government Net investment in capital assets 237,861,438$ 251,066,041$ 260,793,131$ 260,002,603$ 291,157,419$ 314,762,842$ 320,606,468$ 328,999,412$ 342,529,731$ 290,192,976$ Restricted 7,087,266 7,485,164 8,145,778 7,947,990 11,197,567 11,790,353 27,153,738 15,187,479 18,332,838 17,189,409 Unrestricted 58,727,730 72,582,108 83,442,846 103,661,498 85,109,511 76,178,446 62,908,795 77,663,219 77,812,508 138,278,178 Total primary government net position 303,676,434$ 331,133,313$ 352,381,755$ 371,612,091$ 387,464,497$ 402,731,641$ 410,669,001$ 421,850,110$ 438,675,077$ 445,660,563$ Source: City of College StationCITY OF COLLEGE STATION, TEXASNET POSITION BY COMPONENTLAST TEN FISCAL YEARS(accrual basis of accounting)Fiscal Year112
2005200620072008200920102011201220132014ExpensesGovernmental activities:General government6,457,556$ 7,755,725$ 7,654,393$ 8,551,304$ 8,631,908$ 11,534,705$ 9,455,960$ 8,348,922$ 9,167,476$ 9,602,139$ Fiscal services2,467,187 2,452,442 2,442,439 2,977,362 3,821,996 4,127,990 3,384,388 3,313,726 3,263,269 3,419,923 Police10,666,318 11,214,413 12,299,698 13,395,874 13,945,079 16,063,347 15,082,452 16,696,975 16,831,233 17,768,724 Fire7,853,876 8,280,257 9,472,331 11,359,260 11,778,585 13,301,029 11,749,054 13,706,222 13,748,434 14,245,690 Planning and development services1,580,317 1,449,327 1,603,963 1,910,359 2,823,296 2,952,177 3,364,877 4,912,517 4,334,608 5,012,992 Public works5,401,568 6,227,707 6,620,846 9,467,081 16,804,436 17,026,827 20,629,662 13,717,564 15,371,773 21,348,088 Capital projects- - - 719,391 476,462 256,177 648,589 819,296 733,974 731,621 Parks and recreation6,549,466 7,353,984 8,235,984 9,391,993 10,136,521 11,202,863 10,146,043 9,638,581 8,983,919 9,197,308 Library- 870,203 912,527 993,102 1,052,838 1,103,864 1,130,433 1,142,580 1,064,293 1,149,616 Information services2,881,863 2,280,393 2,689,720 2,749,327 3,471,714 5,048,720 4,165,064 4,268,524 4,565,385 4,663,939 Interest on long-term debt3,895,520 4,116,871 4,291,022 3,860,801 4,135,146 4,111,523 4,079,379 3,273,938 2,949,240 3,962,347 Unallocated depreciation5,430,745 5,759,049 6,026,372 667,890 789,074 1,047,906 1,130,283 1,149,609 1,146,119 1,161,675 Total governmental activities expense53,184,416 57,760,371 62,249,295 66,043,744 77,867,055 87,777,128 84,966,184 80,988,454 82,159,723 92,264,062 Business-type activities:Electric47,815,339 51,250,110 60,242,408 70,485,984 77,441,351 88,685,699 93,277,853 87,221,859 88,438,115 98,269,576 Water7,908,695 7,770,081 8,302,863 8,706,415 9,287,343 10,190,159 9,960,837 11,132,787 11,662,862 11,517,915 Wastewater7,262,208 7,973,677 8,179,813 9,159,176 9,829,813 10,604,983 10,114,867 10,952,853 11,370,918 11,205,770 Sanitation4,931,079 5,421,624 5,916,431 6,244,639 5,776,002 6,527,724 6,558,278 7,825,491 6,301,053 7,497,493 Northgate parking591,944 621,593 591,980 668,237 909,167 1,019,393 944,125 924,532 1,053,839 1,051,901 Total business-type activities expense68,509,265 73,037,085 83,233,495 95,264,451 103,243,676 117,027,958 120,855,960 118,057,522 118,826,787 129,542,655 Total primary government expense121,693,681$ 130,797,456$ 145,482,790$ 161,308,195$ 181,110,731$ 204,805,086$ 205,822,144$ 199,045,976$ 200,986,510$ 221,806,717$ Program revenuesGovernmental activities:Charges for services:Fines, forfeits and penalties4,008,637$ 3,798,807$ 3,618,236$ 3,798,313$ 4,491,960$ 4,500,447$ 4,120,077$ 3,896,477$ 3,462,197$ 3,231,069$ Licenses and permits1,043,672 1,091,848 1,306,690 1,154,902 1,007,151 964,344 1,091,983 1,496,989 1,240,300 1,438,082 Public works1,110,686 1,290,935 1,199,565 1,255,525 1,793,174 1,895,263 2,910,293 2,480,140 2,489,828 2,437,986 Parks and recreation1,044,134 1,244,476 1,420,284 1,911,789 1,838,810 1,722,840 2,007,032 1,909,008 1,773,554 1,608,329 Other activities2,002,338 2,656,136 3,210,563 3,548,309 4,494,627 3,378,603 2,516,446 2,506,187 2,903,460 3,532,847 Operating grants and contributions2,629,494 3,144,254 2,038,535 1,735,170 1,896,623 1,694,228 1,875,849 2,766,187 1,753,970 3,234,317 Capital grants and contributions4,489,883 7,477,874 5,271,090 3,055,501 2,644,629 19,587,921 3,964,442 4,216,095 7,016,449 7,404,520 Total governmental activities program revenues16,328,844 20,704,330 18,064,963 16,459,509 18,166,974 33,743,646 18,486,122 19,271,083 20,639,758 22,887,150 Business-type activities:Charges for services:Electric sales 51,467,169 60,217,421 67,462,075 76,787,412 82,904,777 91,162,890 101,617,743 96,787,784 95,737,007 97,814,129 Water sales9,519,714 10,852,660 10,060,398 12,025,086 17,312,431 12,745,173 17,253,787 15,274,883 15,775,334 13,848,402 Sewer service9,697,314 10,363,603 10,590,688 11,184,565 11,655,528 11,522,025 13,099,783 13,697,532 14,566,975 14,575,907 Garbage collection fees5,151,204 6,419,446 7,512,194 9,628,798 7,988,795 7,299,273 7,143,536 7,204,013 7,205,029 8,014,628 Parking garage fees480,627 576,892 620,124 673,818 990,735 1,140,833 1,189,443 1,149,277 1,234,799 1,298,034 Other activities- - - - - - - - - - Operating grants and contributions- - - - 17,792 - 3,746 9,718 982 291,366 Capital grants and contributions1,937,320 4,677,465 4,041,105 5,349,125 6,846,033 11,703,025 3,857,585 6,890,916 5,345,176 7,309,230 Total business-type activities program revenues78,253,348 93,107,487 100,286,584 115,648,804 127,716,091 135,573,219 144,165,623 141,014,123 139,865,302 143,151,696 Total primary government program revenues94,582,192$ 113,811,817$ 118,351,547$ 132,108,313$ 145,883,065$ 169,316,865$ 162,651,745$ 160,285,206$ 160,505,060$ 166,038,846$ Fiscal YearCITY OF COLLEGE STATION, TEXASCHANGES IN NET POSITIONLAST TEN FISCAL YEARS(accrual basis of accounting)113
2005200620072008200920102011201220132014Net (Expense)/RevenueGovernmental activities(36,855,572)$ (37,056,041)$ (44,184,332)$ (49,584,235)$ (59,700,081)$ (54,033,482)$ (66,480,062)$ (61,717,371)$ (61,519,965)$ (69,376,912)$ Business-type activities9,744,083 20,070,402 17,053,089 20,384,353 24,472,415 18,545,261 23,309,663 22,956,601 21,038,515 13,609,041 Total primary government net expense(27,111,489)$ (16,985,639)$ (27,131,243)$ (29,199,882)$ (35,227,666)$ (35,488,221)$ (43,170,399)$ (38,760,770)$ (40,481,450)$ (55,767,871)$ General Revenues and Other Changes in Net PositionGovernmental activities:TaxesProperty taxes 15,888,475$ 16,646,519$ 18,573,309$ 20,670,112$ 22,769,699$ 24,745,344$ 24,333,373$ 24,978,388$ 26,451,943$ 27,349,234$ Sales and mixed beverage taxes 15,705,090 17,082,936 18,449,731 20,241,973 19,873,213 19,751,004 20,717,598 21,878,057 23,506,772 25,141,825 Franchise taxes 1,718,491 2,132,341 1,931,196 2,090,779 2,217,618 2,210,902 2,153,827 2,171,277 2,209,091 2,407,344 Hotel taxes 2,306,928 2,671,417 2,980,250 3,585,512 3,574,649 3,387,041 3,558,042 3,643,887 4,393,867 5,127,808 Unrestricted investment earnings 1,487,926 3,415,849 4,512,575 3,385,844 1,413,431 265,424 368,868 283,648 252,308 195,863 Gain (Loss) on sale of capital assets (111,916) - - - - (24,596) - - - 1,827,783 Correction to value of capital assets(601,000) - - - - - - - - - Transfers8,188,725 8,850,453 10,090,589 7,559,165 12,778,642 15,337,330 13,562,095 12,502,186 12,039,798 12,935,733 Total governmental activities44,582,719 50,799,515 56,537,650 57,533,385 62,627,252 65,672,449 64,693,803 65,457,443 68,853,779 74,985,590 Business-type activities:Unrestricted investment earnings 947,477 1,829,456 1,932,624 1,330,785 654,882 420,236 341,698 316,035 174,170 120,006 Transfers - - - - - - - - - - Total business-type activities (8,188,725) (8,850,453) (10,090,589) (10,433,954) (12,778,642) (15,337,330) (13,562,095) (12,502,186) (12,039,798) (12,935,733) Total primary government (7,241,248) (7,020,997) (8,157,965) (9,103,169) (12,123,760) (14,917,094) (13,220,397) (12,186,151) (11,865,628) (12,815,727) 37,341,471$ 43,778,518$ 48,379,685$ 48,430,216$ 50,503,492$ 50,755,355$ 51,473,406$ 53,271,292$ 56,988,151$ 62,169,863$ Change in net positionGovernmental activities 7,727,147$ 13,743,474$ 12,353,318$ 7,949,150$ 2,927,171$ 11,638,967$ (1,786,259)$ 3,740,072$ 7,333,814$ 5,608,678$ Business-type activities 2,502,835 13,049,405 8,895,124 11,281,184 12,348,655 3,628,167 10,089,266 10,770,450 9,172,887 793,314 Total primary government 10,229,982$ 26,792,879$ 21,248,442$ 19,230,334$ 15,275,826$ 15,267,134$ 8,303,007$ 14,510,522$ 16,506,701$ 6,401,992$ Source: City of College StationCorrection to value of capital assets in fiscal year 2005 is a prior period adjustment.Fiscal YearCITY OF COLLEGE STATION, TEXASCHANGES IN NET POSITION - ContinuedLAST TEN FISCAL YEARS(accrual basis of accounting)114
2005200620072008200920102011201220132014Function/ProgramGovernmental activities:General government3,121,430$ 4,357,597$ 3,343,904$ 2,501,778$ 1,957,500$ 5,124,710$ 1,281,849$ 2,095,173$ 1,593,295$ 3,338,669$ Fiscal services508,810 547,790 409,100 684,666 38,377 100,495 215,626 542,689 666,103 1,028,531 Police4,093,425 3,875,900 3,713,866 4,533,697 5,004,712 5,161,486 4,596,713 4,174,931 3,650,964 3,498,374 Fire916,804 817,910 1,400,464 1,137,759 3,551,620 2,199,375 1,952,851 1,936,311 1,948,961 1,777,507 Planning and development services1,043,672 1,091,848 1,306,690 1,357,037 1,051,943 1,075,342 1,296,213 1,650,017 1,493,021 1,730,441 Public works5,600,569 8,768,809 6,470,655 4,312,571 4,445,595 15,313,779 5,796,384 5,609,036 8,711,394 8,578,862 Capital improvement program- - - - - 951,686 - 52,757 - - Library- - - - - - - 13,200 - - Information technology- - - - - - 15,500 - - - Parks and recreation1,044,134 1,244,476 1,420,284 1,932,001 2,117,227 3,816,773 3,330,986 3,196,969 2,576,020 2,934,766 Subtotal governmental activities16,328,844 20,704,330 18,064,963 16,459,509 18,166,974 33,743,646 18,486,122 19,271,083 20,639,758 22,887,150 Business-type activities:Electric52,780,914 62,284,935 69,033,816 77,419,441 84,552,573 92,530,434 102,516,252 98,200,411 96,283,238 98,872,262 Water9,826,360 12,409,728 11,314,888 14,115,391 19,065,662 17,118,922 18,710,635 16,905,503 19,167,542 15,854,663 Wastewater10,014,243 11,416,486 11,805,562 13,811,356 15,100,534 15,208,551 14,584,557 15,844,190 15,946,613 17,072,780 Sanitation5,151,204 6,419,446 7,512,194 9,628,798 8,006,587 9,574,489 7,147,282 8,914,742 7,233,110 10,053,957 Northgate parking480,627 576,892 620,124 673,818 990,735 1,140,833 1,206,897 1,149,277 1,234,799 1,298,034 Subtotal business-type activities78,253,348 93,107,487 100,286,584 115,648,804 127,716,091 135,573,229 144,165,623 141,014,123 139,865,302 143,151,696 Total primary government94,582,192$ 113,811,817$ 118,351,547$ 132,108,313$ 145,883,065$ 169,316,875$ 162,651,745$ 160,285,206$ 160,505,060$ 166,038,846$ Source: City of College StationFiscal YearCITY OF COLLEGE STATION, TEXASPROGRAM REVENUES BY FUNCTION/PROGRAMLAST TEN FISCAL YEARS(accrual basis of accounting)115
2005200620072008200920102011201220132014General fundNonspendable-$ -$ -$ -$ 62,390$ 70,516$ 58,548$ -$ 59,426$ 64,594$ Restricted- - - - 95,220 849,622 925,798 868,799 266,573 - Commited - Assigned- - - - 1,663,400 1,794,416 537,586 436,979 972,632 1,457,390 Unassigned- - - - 7,557,419 11,101,327 12,871,125 15,186,915 14,626,901 18,722,265 Reserved1,132,180 1,523,619 1,108,449 2,305,476 - - - - - - Unreserved9,038,345 9,448,389 11,824,140 9,679,913 ------ Total general fund 10,170,525$ 10,972,008$ 12,932,589$ 11,985,389$ 9,378,429$ 13,815,881$ 14,393,057$ 16,492,693$ 15,925,532$ 20,244,249$ All other governmental fundsNonspendable-$ -$ -$ -$ 859,654$ 8,235,642$ 7,890,137$ 6,943,250$ 6,667,812$ 6,485,508$ Restricted- - - - 39,375,368 54,421,910 27,404,127 35,688,123 39,327,653 58,993,882 Commited- - - - 2,627,403 2,764,227 3,149,243 3,618,354 4,008,439 4,130,069 Assigned- - - - 609,113 - - - - - Unassigned- - - - 545,024 - - - - - Reserved42,999,111 49,111,974 46,372,274 48,819,538 - - - - - - Unreserved, reported in:Special revenue funds6,244,225 7,462,140 10,148,840 11,526,009 ------ Total all other governmental funds 49,243,336$ 56,574,114$ 56,521,114$ 60,345,547$ 44,016,562$ 65,421,779$ 38,443,507$ 46,249,727$ 50,003,904$ 69,609,459$ Source: City of College StationNote: The City implemented GASB Statement 54 in 2009; schedules presenting governmental fund balance reclassifications begin in that year.Fiscal YearCITY OF COLLEGE STATION, TEXASFUND BALANCES, GOVERNMENTAL FUNDSLAST TEN FISCAL YEARS(modified accrual basis of accounting)116
2005200620072008200920102011201220132014RevenuesTaxes35,618,984$ 38,533,213$ 41,934,486$ 46,588,376$ 48,435,179$ 49,901,803$ 50,762,840$ 52,671,608$ 55,652,419$ 59,018,199$ Licenses and permits1,025,013 945,593 1,191,105 1,154,902 1,007,151 964,344 1,091,983 1,496,989 1,240,300 1,438,082 Intergovernmental2,592,312 3,144,254 2,038,535 1,707,957 1,896,623 5,022,822 2,143,573 2,759,219 1,749,805 3,234,317 Charges for services2,634,683 2,925,281 3,339,352 3,790,147 3,543,064 6,042,105 6,113,497 5,616,379 5,918,397 6,236,531 Fines, forfeits and penalties3,518,940 3,285,907 3,256,488 3,798,313 4,491,960 4,500,447 4,120,077 3,896,477 3,462,197 3,231,069 Special assessments1,110,686 1,290,935 1,199,565 1,255,525 1,793,174 - - - - - Investment income1,269,201 3,066,642 3,864,797 2,886,636 1,125,382 206,648 368,868 283,648 252,308 195,863 Rents and royalties243,831 244,864 261,225 279,004 769,150 749,635 589,528 852,738 753,401 639,267 Loan repayments2,541 - - - - - - - - - Contributions37,182 12,281 31,605 27,213 26,997 605,953 825,532 1,244,973 799,048 1,263,644 Reimbursed expenditures- 145,749 479,675 46,038 413,751 - - - - - Other revenues631,192 447,432 738,415 1,046,431 403,548 267,695 730,747 426,218 312,473 674,439 Total revenues 48,684,565 54,042,151 58,335,248 62,580,542 63,905,979 68,261,452 66,746,645 69,248,249 70,140,348 75,931,411 ExpendituresGeneral government 4,480,075 4,216,582 4,699,159 7,319,662 5,435,355 7,401,157 6,438,313 4,102,550 3,825,760 5,108,448 Fiscal services 3,038,145 3,050,533 3,013,548 3,573,686 3,836,786 3,635,009 3,353,387 3,106,265 3,205,204 3,260,242 Police 10,829,081 11,559,669 12,556,678 13,219,117 14,107,740 13,816,620 14,931,212 15,521,284 16,550,111 17,093,860 Fire 7,964,785 8,493,228 9,622,195 11,251,400 11,754,088 11,418,948 11,444,702 12,578,396 13,297,527 13,585,022 Planning and development services 1,962,603 1,877,732 2,008,901 2,281,747 2,871,341 2,568,464 3,327,495 4,698,749 4,268,854 4,933,780 Public works 6,117,241 7,116,329 7,440,854 7,182,443 7,920,003 7,123,885 6,677,986 7,343,092 7,397,942 8,632,149 Capital improvement projects - - - 715,707 476,462 132,880 648,589 788,032 733,974 731,621 Economic and community development11,281 - - - - - - - - - Parks and recreation6,778,196 7,520,189 8,167,857 9,071,198 9,355,301 8,930,388 9,388,765 8,131,413 7,883,904 7,712,597 Information systems2,500,518 2,596,591 3,070,524 3,366,764 3,299,105 3,887,102 3,902,082 3,844,107 4,271,209 4,214,958 Library694,445 870,203 912,527 993,102 1,119,771 1,080,030 1,061,581 1,072,551 994,476 1,078,851 Reimbursed administrative(3,485,807) (3,335,264) (3,305,040) (3,772,362) - - - - - - Claims- - - - - 1,600,000 - - - - Contributions1,895,742 1,995,564 1,855,961 2,151,592 2,489,562 2,266,558 2,063,489 2,435,820 2,800,159 3,281,991 Community development block grant275,775 340,399 215,707 - - - - - - - Home grant439,243 840,211 323,811 - - - - - - - Other expenditures296,344 108,527 147,860 204,338 487,163 438,757 750,135 1,380,837 1,964,156 679,772 Capital outlay15,435,376 11,610,189 14,213,574 19,538,322 31,931,401 9,765,151 11,501,926 14,341,717 8,802,719 12,636,334 CITY OF COLLEGE STATION, TEXASCHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS(modified accrual basis of accounting)Fiscal Year117
2005200620072008200920102011201220132014Debt servicePrincipal6,190,000 7,285,000 7,820,000 8,530,000 7,935,000 8,050,000 8,085,412 8,120,000 8,245,000 8,650,000 Interest3,885,075 4,078,635 4,212,245 3,892,490 4,114,356 4,133,633 3,698,324 3,696,245 3,747,520 3,707,799 Issuance costs118,261 - - - - - - - 154,660 39,719 Fiscal charges13,871 152,729 527,806 70,796 46,551 227,765 384,196 127,671 - - Intergovernmental97,621 743,117 342,630 881,604 745,908 -924,941 294,103 301,061 489,817 Total expenditures 69,537,871 71,120,163 77,846,797 90,471,606 107,925,893 86,476,347 88,582,535 91,582,832 88,444,236 95,836,960 Deficiency of revenues under expenditures(20,853,306) (17,078,012) (19,511,549) (27,891,064) (44,019,914) (18,214,895) (21,835,890) (22,334,583) (18,303,888) (19,905,549) Other Financing Sources (Uses)Proceeds from long-term debt13,347,581 15,700,000 7,890,000 19,970,000 9,815,000 20,685,000 1,977,134 11,727,994 14,505,000 31,895,000 Proceeds from refunding bonds- - 10,255,000 - - 4,265,000 11,250,000 - - - Payment to bond escrow agent- - (10,451,378) - - (4,283,647) (12,322,570) - - - Advance Refunding- - - - - - - (11,432,308) (6,054,452) (9,755,695) Premium on bonds issued- - 373,648 - - 75,183 1,172,234 1,132,812 951,174 3,624,222 Sale of capital assets12,182 17,500 318,103 10,981 505,606 5,615 8,690 - - 4,582,111 Transfers in11,476,019 11,864,435 15,054,935 13,828,414 22,680,922 16,054,544 19,382,145 22,313,561 18,629,471 20,798,696 Transfers out(3,879,201) (2,371,662) (2,021,178) (3,041,098) (8,494,139) (673,081) (7,783,625) (9,385,160) (6,540,298) (7,314,513) Total other financing sources 20,956,581 25,210,273 21,419,130 30,768,297 24,507,389 36,128,614 13,684,008 14,356,899 21,490,895 43,829,821 Net change in fund balances 103,275$ 8,132,261$ 1,907,581$ 2,877,233$ (19,512,525)$ 17,913,719$ (8,151,882)$ (7,977,684)$ 3,187,007$ 23,924,272$ Debt services as a percentage of noncapital expenditures18.6% 19.1% 18.9% 17.5% 15.9% 15.9% 15.3% 15.3% 15.1% 14.9%Source: City of College StationFiscal YearCITY OF COLLEGE STATION, TEXASCHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS - ContinuedLAST TEN FISCAL YEARS(modified accrual basis of accounting)118
Fiscal Year PropertySalesHotel Franchise Mixed Drink Total2005 15,888,475$ 15,445,404$ 2,306,928$ 1,718,491$ 259,686$ 35,618,984$ 2006 16,646,519 16,752,174 2,671,417 2,132,341 330,762 38,533,213 2007 18,573,309 18,077,973 2,980,250 1,931,196 371,758 41,934,486 2008 20,670,112 19,822,906 3,585,512 2,090,778 419,067 46,588,375 2009 22,769,698 19,438,179 3,574,649 2,217,619 435,034 48,435,179 2010 24,523,184 19,328,578 3,416,713 2,210,902 422,426 49,901,803 2011 24,333,373 20,292,871 3,558,042 2,153,827 424,727 50,762,840 2012 24,978,388 21,498,319 3,643,887 2,171,277 379,737 52,671,608 2013 25,542,689 23,064,035 4,393,867 2,209,091 442,737 55,652,419 2014 26,341,222 24,565,649 5,127,808 2,407,344 576,176 59,018,199 Change2005 - 201465.8%59.0% 122.3%40.1% 121.9%65.7%Source: City of College StationNotes: Property taxes include general fund, debt service fund Northgate TIF(2008 - 2009) and Wolf Pen Creek TIF (1996 - 2010).CITY OF COLLEGE STATION, TEXASTAX REVENUE BY SOURCE, GOVERNMENTAL FUNDSLAST TEN FISCAL YEARS(modified accrual basis of accounting)119
Taxable AssessedCommercial Personal, InventoryValue as a Residential and Industrial and Other Less Exemptions Less TIF (1) Total Taxable Total Direct Estimated Actual Percentage ofFiscal Year Property Property Property and Abatements Captured Value Assessed Value Tax Rate Taxable Value Actual Taxable Value2005 2,339,284,129$ 770,194,254$ 738,376,045$ 556,722,986$ 45,182,585$ 3,245,948,857$ 0.464000 3,250,329,407$ 99.87%2006 2,530,659,165 931,255,843 798,179,118 614,609,545 45,750,172 3,599,734,409 0.439400 3,599,734,409 100.00%2007 2,849,558,106 1,020,242,352 828,757,366 643,387,278 50,131,743 4,005,038,803 0.439400 4,005,038,803 100.00%2008 3,200,809,497 1,141,458,255 881,095,548 677,645,852 68,644,309 4,477,073,139 0.439400 4,477,073,139 100.00%2009 3,606,901,737 1,191,974,529 927,276,877 701,998,930 78,082,864 4,946,071,349 0.439400 4,946,071,349 100.00%2010 3,941,112,015 1,236,193,238 1,069,742,963 856,257,215 69,373,412 5,321,417,589 0.439400 5,321,417,589 100.00%2011 4,087,540,319 1,209,126,533 1,029,151,665 870,386,056 -5,455,432,461 0.447543 5,455,432,461 100.00%20124,280,768,585 1,295,254,729 1,069,727,466 907,135,778 -5,738,615,002 0.437995 5,738,615,002 100.00%20134,466,234,632 1,321,942,044 1,185,964,447 1,029,828,136 -5,944,312,987 0.430687 5,944,312,987 100.00%20144,713,785,311 1,350,665,951 1,323,614,835 1,156,947,087 17,534,345 6,213,584,665 0.425958 6,213,584,665 100.00%Source: Brazos County Appraisal DistrictNotes: Assessed value is 100% of the estimated actual value.(1) Tax increment financing district (TIF).CITY OF COLLEGE STATION, TEXASASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTYLAST TEN FISCAL YEARS120
General Total College
Fiscal Basic Obligation Direct Station Brazos
Year Rate Debt Service Rate ISD County
2005 0.194200 0.269800 0.464000 1.770000 0.472600
2006 0.189600 0.249800 0.439400 1.675000 0.465000
2007 0.191000 0.248400 0.439400 1.480000 0.455000
2008 0.191000 0.248400 0.439400 1.241050 0.465000
2009 0.193352 0.246048 0.439400 1.221100 0.480000
2010 0.209967 0.229433 0.439400 1.253413 0.480000
2011 0.227349 0.220194 0.447543 1.309933 0.485600
2012 0.236459 0.201536 0.437995 1.335033 0.485000
2013 0.235052 0.195635 0.430687 1.335033 0.485000
2014 0.232905 0.193053 0.425958 1.320000 0.487500
Source: Brazos County Appraisal District
Notes:
(1) Tax rates are established by each taxing jurisdiction on an annual basis for
revenues to be collected in the following fiscal year. The City must publish its
effective and rollback tax rates before adopting an actual tax rate. If the City
adopts a rate that exceeds the rollback rate, voters may petition for an election
to limit the rate to the rollback rate. If the City adopts a rate that exceeds its
effective rate, additional public hearings and notices are required. Rates for
debt service are set based on each year's requirements.
(2) The date that taxes are due for all jurisdictions is October 1. Taxes for all
jurisdictions become delinquent on February 1. The penalty is set by state law at
6% in February, and an additional 1% per month up to 12%. The interest is
accrued at 1% per month.
(3) The upper limit of the tax rate is set at $2.50/$100 of assessed value for each
jurisdiction by State Statute. This limit is for both operations and debt service
combined.
City Direct Rates Overlapping Rates
CITY OF COLLEGE STATION, TEXAS
DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS
(rate per $100 of assessed value)
121
Percent of Percent of of Total Cityof Total CityTaxableTaxableTaxableTaxable2013 AssessedAssessed 2004 AssessedAssessedTaxpayerValue Rank ValueValue Rank ValuePost Oak Mall - College Station LLC57,206,360$ 10.92%49,331,205$ 11.50%College Station Properties LP56,622,230 20.91%College Station Hospital LP56,154,920 30.90%34,254,230 30.95%SHP-The Callaway House LP50,609,325 40.81%SW Meadows Point LP45,584,367 50.73%Culpepper Family LP42,145,765 60.68%Weinberg, Isreal & David Alkosser41,348,751 70.67%31,168,425 40.95%BVP 2818 Place, LP40,950,550 80.66%The Rise at Texas Properties I LLC40,615,800 90.65%JamesPoint Management39,356,249 100.63%Verizon Communications, Inc.34,528,500 21.05%Wal-Mart/Sam's24,916,345 50.76%HE Butt Store Property Co. 18,912,125 60.57%301 Church Avenue, LP17,936,445 70.54%Melrose Apartments17,753,830 80.54%Fairfield College Station LP17,514,700 90.53%University Commons17,279,200 100.53%Source: Brazos County Appraisal DistrictCITY OF COLLEGE STATION, TEXASPRINCIPAL PROPERTY TAXPAYERSCURRENT YEAR AND NINE YEARS AGO20142005122
Fiscal Year Taxes Levied CollectionsEnded for the Percentage in Subsequent PercentageSept 30 Fiscal Year Amount of Levy Years Amount of Levy2005 15,270,852$ 15,160,102$ 99.27% 35,158$ 15,195,260$ 99.50%2006 16,162,073 15,938,981 98.62% 146,139 16,085,120 99.52%2007 17,818,419 17,697,220 99.32% 39,655 17,736,875 99.54%2008 19,973,882 19,773,036 98.99% 110,334 19,883,370 99.55%2009 22,076,134 21,795,748 98.73% 166,535 21,962,283 99.48%2010 23,623,086 23,435,105 99.20% 80,220 23,515,325 99.54%2011 24,323,279 24,136,088 99.23% 75,694 24,211,782 99.54%2012 24,979,685 24,762,625 99.13% 84,995 24,847,620 99.47%2013 25,503,096 25,326,360 99.31% (12,119) 25,314,241 99.26%2014 26,407,915 26,213,476 99.26% - 26,213,476 99.26%Sources: City of College Station and Brazos County Tax OfficeCITY OF COLLEGE STATION, TEXASPROPERTY TAX LEVIES AND COLLECTIONSLAST TEN FISCAL YEARSCollected within theFiscal Year of the LevyTotal Collections to Date123
2004200520062007200820092010201120122013Utilities14,943$ 16,684$ 19,336$ 22,403$ 25,483$ 26,442$ 27,724$ 32,048$ 29,102$ 29,956$ Construction6,477 12,076 13,918 15,818 15,768 10,617 10,070 10,900 12,743 12,053 Manufacturing9,323 12,926 13,066 13,200 16,391 12,221 9,620 6,823 7,433 7,941 Wholesale Trade24,173 25,939 17,482 8,759 13,761 9,856 10,770 19,556 23,573 26,941 Retail Trade529,284 563,662 608,940 686,271 693,673 653,561 678,041 699,715 738,897 777,632 Information16,092 14,409 14,082 12,148 15,427 15,654 16,907 16,984 18,261 21,546 Finance and Insurance1191302165417527068401,043 1,044 1,336 Real Estate and Rental/Leasing12,258 12,024 15,679 16,249 18,326 9,288 9,456 9,314 9,785 11,411 Professional, Scientific and Tech Services8,618 8,692 9,530 11,074 26,234 25,694 13,142 12,901 12,716 14,518 Administrative, Support, Waste Mgmt, Remediation14,655 15,133 16,462 15,054 18,362 17,610 16,831 17,381 19,645 21,080 Educational Services22,981 26,252 2,209,091 32,502 27,645 35,351 34,952 37,434 43,135 43,173 Health Care and Social Assistance1,951 2,547 2,873 4,051 2,888 2,301 2,049 1,920 2,116 3,103 Arts, Entertainment and Recreation6,173 6,781 6,949 7,399 9,168 8,671 8,470 9,325 9,488 11,070 Accommodation and Food Services147,277 158,267 169,900 185,723 205,967 204,731 208,597 217,445 238,186 256,716 Other Services34,563 38,894 17,069 14,539 15,782 15,338 15,890 16,274 18,594 22,322 Total 848,887$ 914,416$ 3,134,593$ 1,045,731$ 1,105,627$ 1,048,041$ 1,063,359$ 1,109,063$ 1,184,718$ 1,260,798$ City direct sales tax rate 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%Source: Texas State Comptroller of Public AccountsNotes: Taxable sales information is not available on a fiscal-year basis. CITY OF COLLEGE STATION, TEXASTAXABLE SALES BY CATEGORYLAST TEN CALENDAR YEARS(in thousands of dollars)124
City Brazos State of
Fiscal Year Direct Rate County Texas
2005 1.50%0.50%6.25%
2006 1.50%0.50%6.25%
2007 1.50%0.50%6.25%
2008 1.50%0.50%6.25%
2009 1.50%0.50%6.25%
2010 1.50%0.50%6.25%
2011 1.50%0.50%6.25%
2012 1.50%0.50%6.25%
2013 1.50%0.50%6.25%
2014 1.50%0.50%6.25%
Source: Texas State Comptroller of Public Accounts
CITY OF COLLEGE STATION, TEXAS
DIRECT AND OVERLAPPING SALES TAX RATES
LAST TEN FISCAL YEARS
125
Number Percentage Tax Percentage Number Percentage Tax Percentageof Outlets of Total Liability of Total of Outlets of Total Liability of TotalRetail trade 1,049 60.95% 10,296$ 80.87% 1,317 56.84% 15,695$ 82.96%Services 1719.94%3702.91%310 13.38%5412.86%Wholesale trade382.21%1661.30%903.88%2481.31%Utilities, transportation, communications9 0.52%4933.87%150.65%5602.96%Manufacturing392.27%2061.62%944.06%120.06%Construction734.24%970.76%1265.44%1810.96%Agriculture, forestry, and fishing30.17%- 0.00%40.17%- 0.00%Finance, insurance, real estate432.50%1821.43%682.93%1911.01%All other outlets29617.20%9227.24%293 12.65% 1,490 7.88%Total1,721 100.00% 12,732$ 100.00%2,317 100.00% 18,918$ 100.00%Source: Texas State Comptroller of Public AccountsNotes: Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regardingthe sources of the City's revenue.Tax liability information is not available on a fiscal-year basis.Calendar Year 2004Calendar Year 2013CITY OF COLLEGE STATION, TEXASSALES TAX REVENUE PAYERS BY INDUSTRYCALENDAR YEARS 2004 AND 2013(dollars are in thousands)126
GeneralUtilityUtility Revenue Utility RevenueTotalPercentageFiscalObligationCertificates ofRevenueCertificatesGeneralCertificatesGeneralPrimaryof Personal PerYearBondsObligationBondsof Obligation Obligation Bonds of Obligation Obligation Bonds Government Income Capita200549,800,000$ 30,195,000$ 79,215,000$ -$-$8,910,000$ -$168,120,000$ - 2,096$ 200653,835,000 34,905,000 91,460,000 - - 8,580,000 - 188,780,000 - 2,304 200755,720,000 33,500,000 105,215,000 - - 8,240,000 - 202,675,000 - 2,409 200860,695,000 39,965,000 99,560,000 - - 23,820,000 - 224,040,000 17.12% 2,576 200959,145,000 38,575,000 93,755,000 4,530,000 - 47,755,000 - 243,760,000 14.04% 2,682 201075,020,000 35,675,000 87,745,000 4,970,000 3,830,000 48,970,000 - 256,210,000 15.08% 2,742 201178,055,000 26,085,000 54,495,000 4,765,000 3,070,000 50,185,000 25,585,000 242,240,000 15.20% 2,560 201275,695,000 21,415,000 45,060,000 4,550,000 2,690,000 58,535,000 33,590,000 241,535,000 12.77% 2,492 201379,710,000 17,160,000 34,765,000 4,330,000 2,300,000 66,695,000 36,930,000 241,890,000 13.94% 2,504 201489,050,000 21,805,000 14,920,000 4,100,000 1,905,000 87,210,000 47,995,000 266,985,000 12.65% 2,624 Sources: City of College Station (outstanding debt, per capita) and the U.S. Census Bureau, American Community Survey (personal income)Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.Personal income information for the City of College Station is only available for calendar years 2005 - 2012.In 2009 the Parking Garage Fund began paying for the Parking Garage debt. In 2010 the Parking Garage Certificates of Obligation were refunded and became General Obligation Debt.Business-Type ActivitiesGovernmental ActivitiesCITY OF COLLEGE STATION, TEXAS OUTSTANDING DEBT BY TYPELAST TEN FISCAL YEARS127
GeneralPercentage ofObligation Less Debt ServiceNetActual TaxableFiscal Year BondsCash Funds Bonded Debt Value of Property Per Capita200549,800,000$ 912,353$ 48,887,647$ 1.50%609$ 200653,835,000 1,645,563 52,189,437 1.45%637 200755,720,000 2,060,709 53,659,291 1.34%638 200860,695,000 2,573,421 58,121,579 1.30%668 200959,145,000 3,125,126 56,019,874 1.13%611 201075,020,000 4,115,689 70,904,311 1.33%759 201178,055,000 4,007,146 74,047,854 1.36%782 201275,695,000 3,320,293 72,374,707 1.26%750 201379,710,000 3,032,594 76,677,406 1.29%794 201489,050,000 2,839,310 86,210,690 1.39%847 Source: City of College StationNotes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.CITY OF COLLEGE STATION, TEXASRATIOS OF NET GENERAL BONDED DEBT OUTSTANDINGLAST TEN FISCAL YEARS128
Estimated Estimated Share
Debt Percentage of Direct and
Governmental Unit Outstanding Applicablea Overlapping Debt
Debt repaid with property taxes
College Station I.S.D. 278,045,000$ 87.95% 244,540,578$
Brazos County 88,720,000 53.09% 47,101,448
Bryan I.S.D. 138,870,000 1.90% 2,638,530
Subtotal, overlapping debt 294,280,556
City direct debt 110,735,000
Total direct and overlapping debt 405,015,556$
Sources: Debt outstanding data provided by each governmental unit. Assessed value data used to estimate applicable
percentages provided by the Brazos County Appraisal District.
Notes:
Overlapping governments are those that coincide, at least in part, with the geographical boundaries of the City.
This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the
residents and businesses of College Station. This process recognizes that, when considering the City's ability to
issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into
account. However, this does not imply that every taxpayer is a resident and therefore responsible for repaying the
debt of each overlapping government.
a For debt repaid with property taxes, the percentage of overlapping debt is estimated using taxable assessed property
values. Applicable percentages were estimated by determining the portion of another governmental unit's
taxable assessed value that is within the City's boundaries and dividing it by each unit's total assessed value.
CITY OF COLLEGE STATION, TEXAS
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 30, 2014
129
The City has no general obligation legal debt limit other than a ceiling on the ad valorem
tax rate as specified by the State of Texas. The prescribed maximum is $2.50 per $100
at 100% valuation.
CITY OF COLLEGE STATION, TEXAS
LEGAL DEBT MARGIN INFORMATION
SEPTEMBER 30, 2014
130
UtilityLess:NetAverageMaximumService Operating Available Debt Service Annual Debt Service AnnualFiscal Year Charges Expenses RevenueTotalCoverageTotalCoverage200570,636,853$ 51,125,745$ 19,511,108$ 5,522,447$ 3.538,364,747$ 2.33 200680,787,029 54,432,847 26,354,182 6,423,582 4.109,163,574 2.88 200787,911,120 63,514,543 24,396,577 7,389,770 3.3010,408,958 2.34 200899,610,432 73,195,783 26,414,649 8,620,759 3.0612,245,949 2.16 2009108,367,552 80,848,570 27,518,982 9,834,136 2.8013,870,272 1.98 2010115,430,088 91,561,103 23,868,985 8,976,012 2.6613,669,444 1.75 2011127,985,835 96,938,864 31,046,971 8,675,457 3.5813,635,526 2.28 2012124,905,906 88,927,662 35,978,244 7,009,717 5.1310,670,889 3.37 2013125,581,359 90,519,871 35,061,488 9,111,927 3.8515,372,461 2.28 2014126,118,088 100,235,329 25,882,759 10,048,709 2.5816,029,505 1.61 Source: City of College StationNotes: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Operating expenses do not include interest, depreciation, or amortization expense.Maximum Debt Service Total includes Utility Revenue Bonds , Certificates of Obligation and GO Refunding Bonds that have been issued for Utility projects. The coverage ratios presented in this schedule are formulas required by bond resolutions. The bond resolutions require that net revenues equal at least 1.4 times the average annual debt service on all revenue bonds and other indebtedness payable from those revenues. The bond resolutionsalso require that net revenues equal at least 1.25 times the maximum annual debt service on all revenue bonds and other indebtedness payablefrom those revenues.Utility Revenue Bonds, Certificates of Obligation, and General Obligation Refunding BondsCITY OF COLLEGE STATION, TEXASPLEDGED-REVENUE COVERAGELAST TEN FISCAL YEARS131
Personal Income
Calendar (thousands Per Capita Unemployment
Year Population of dollars)Personal Income Rate %
2004 80,214 -$ -$ 2.0
2005 81,930 1,226,974 14,976 3.7
2006 84,116 1,308,384 15,555 3.9
2007 86,982 1,736,221 19,961 3.8
2008 90,897 1,699,361 18,695 4.1
2009 93,450 1,594,056 17,058 5.3
2010 94,642 1,891,621 19,987 5.9
2011 96,603 1,734,731 17,957 6.3
2012 97,534 1,945,242 19,944 5.9
2013 99,918 2,110,139 21,119 4.9
Sources: City of College Station Planning Division (population)
U. S. Census Bureau, American Community Survey (personal income)
Texas Workforce Commission (unemployment rate)
Notes:
Personal income information for the City of College Station is only available for calendar
years 2005-2013.
were added to the Bryan/College Station MSA. The net result is an increase in the area's
unemployment rate.
CITY OF COLLEGE STATION, TEXAS
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN CALENDAR YEARS
unemployment rates. Along with the new calculation method, Robertson and Grimes County
In 2005, the Bureau of Labor Statistics introduced a new methodology for calculating
132
2014 2005
Employer Employer
Brazos County Brazos County
Bryan ISD Bryan ISD
City of Bryan City of Bryan
City of College Station City of College Station
College Station ISD College Station ISD
College Station Medical Center Reynolds & Reynolds
Reynolds & Reynolds Sanderson Farms, Inc.
Sanderson Farms, Inc.St. Joseph Regional Hospital
St.Joseph Regional Hospital Texas A&M University System
Texas A&M University System Wal-Mart Supercenter - Bryan
Source: Texas Workforce Commission, Labor Market/Career Information
Department, Research Valley Partnership
Notes:
Data includes principal employers in Brazos County.
Employers are listed in alphabetical order and do not reflect any ranking.
The TWC ranking and number of employees data is confidential.
PRINCIPAL AREA EMPLOYERS
LAST CALENDAR YEAR AND NINE YEARS PRIOR
CITY OF COLLEGE STATION, TEXAS
133
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Function/ProgramGeneral Government41.9 37.8 58.5 71.0 79.5 75.0 61.5 37.5 36.5 37.5 Police144.4 155.1 163.5 168.5 176.0 169.0 180.5 182.5 192.5 196.5 Fire111.4 110.6 119.0 125.0 121.0 118.0 120.5 139.0 139.0 140.0 Public Works112.2 112.6 114.5 106.5 113.0 94.0 96.0 114.0 116.0 118.0 Parks and Recreation120.0 119.8 123.5 131.0 133.0 133.0 119.0 117.0 111.5 105.5 Planning and Development Services 25.8 27.1 24.5 34.0 37.0 41.0 54.0 58.5 56.5 56.0 Information Services37.5 36.6 28.5 33.0 32.0 30.5 30.0 30.5 29.5 30.5 Fiscal Services64.2 70.1 71.0 72.5 70.5 70.0 66.5 69.8 68.8 69.8 Electric56.6 56.0 56.5 58.0 65.0 64.0 63.5 67.5 69.5 70.5 Water / Sewer Services69.1 71.8 71.0 67.5 76.5 70.5 74.0 77.0 77.0 78.0 BVSWMA24.4 24.0 22.0 25.5 25.0 23.5 22.0 22.0 -- Capital Projectn/an/an/a10.0 10.0 9.0 9.0 - -- Total 807.5 821.5 852.5 902.5 938.5 897.5 896.5 915.3 896.8 902.3 Source: City of College StationFull-Time-Equivalent Employees as of Sept 30CITY OF COLLEGE STATION, TEXASFULL-TIME-EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAMLAST TEN FISCAL YEARSDuring the fiscal year ended September 30, 2012, management of BVSWMA, Inc. negotiated the end of the borrowed employee agreement with the City of College Station. A majority of the employees covered under the "Borrowed Employee Agreement" are now employees of BVSWMA, Inc.Full-time-equivalent employees include full time, part time, and seasonal/temporary employees on staff as of September 30.134
2005200620072008200920102011201220132014Function/ProgramGeneral GovernmentOpen records requests 72199199155164123240194233432Economic development prospects20311918235531253635Code enforcement cases processed2,848 5,984 4,838 5,148 6,2485,2684,701 5,011 4,517 7,941 Non-profit agencies/contracts monitored9137109108787Applicants receiving homebuyers assistance29634631584PoliceDUI/DWI arrests387414493458430449571551473474Citations processed39,416 34,134 38,046 10,384 17,275 22,224 42,690 39,145 31,348 29,187 Uniform patrol calls handled57,605 60,159 58,303 57,661 48,297 58,656 61,283 63,000 75,988 71,373 Average response time on high priority calls6:09 mins 6:15 mins 6:17 mins 6.06 mins 6:18 mins 6:52 mins 6:41 mins 6:38 mins 4:31 mins 7:10 minsCriminal investigation new cases assigned2,300 2,368 2,256 2,635 2,5902,0982,582 2,089 2,158 1,894 Note: In FY08 an e-citation program was implemented thus reducing the number of paper citations processed.FireFire incidents (fire, rescue, and haz mat)1,792 1,743 1,832 1,832 1,9922,0082,301 1,813 1,751 2,974 Business safety inspections1,138 8281,018 1,018 9477601,364 1,151 9071,345 EMS incidents3,241 3,048 3,773 3,773 4,7185,3675,414 5,407 6,814 5,170 EMS unit responses4,930 5,276 5,476 5,476 5,3695,0515,646 6,090 6,295 9,435 Public WorksStreet repair work orders350200200Street overlay lane miles191919159211101313Potholes repaired 24,696 24,778 21,506 20,546 18,000 68,548 67,448 70,515 62,596 61,439 Curb miles swept6,338 7,235 6,040 6,955 5,6205,5956,244 7,131 5,826 6,311 Note: In FY10 # of potholes repaired went to # of square feet repaired.Parks and RecreationInstructional participants3,579 3,075 3,432 3,538 3,0773,1122,765 1,835 1,600 2,495 Pool customers132,549 146,805 128,206 142,605 138,785 93,302 114,458 144,059 128,081 73,229 CITY OF COLLEGE STATION, TEXASOPERATING INDICATORS BY FUNCTION/PROGRAMLAST TEN FISCAL YEARS135
2005200620072008200920102011201220132014Function/ProgramPlanning and Development ServicesPermits processed 6,500 6,575 7,583 6,647 5,819 5,972 6,026 5,600 3,991 4,446 Building inspections performed 13,297 13,069 13,398 13,814 12,938 12,379 11,583 12,100 12,945 13,859 Parking citations issued 11,900 8,452 7,238 9,460 9,686 6,763 4,488 6,530 6,868 7,320 Community enhancement cases 7,016 7,384 8,631 11,885 11,622 11,408 8,632 8,900 6,518 7,941 ElectricNumber of connections 36,284 37,590 38,519 37,777 37,818 38,255 37,829 39,123 38,138 19,000 Average monthly consumption (KWH) 60,413,524 61,910,063 60,766,805 64,724,128 64,065,679 65,049,732 68,191,018 65,266,563 64,568,405 66,715,908 WaterNumber of connections 32,266 33,491 34,763 37,075 37,344 37,596 37,565 39,338 40,767 24,847 Average monthly consumption (MGW) 283,429 317,438 293,246 324,012 345,170 301,399 408,327 356,791 380,558 343,360 SewerNumber of connections 29,694 31,051 32,034 34,743 34,743 35,853 35,510 36,908 38,688 32,065 Average daily sewage treatment 6,220 5,911 6,502 6,626 6,625 6,700 6,242 6,453 6,500 7,129 (thousands of gallons)New services completed571646521781604377301376319555SanitationNumber of users (units)28,399 27,181 28,112 29,533 30,750 30,779 30,455 31,573 32,551 23,239 Residential tons collected23,535 24,964 27,556 22,191 21,406 28,451 22,775 28,991 25,493 26,290 Residential tons recycled9239831,060 1,199 1,0641,053 1,173 1,124 1,010 982Commercial tons collected35,114 35,122 38,402 38,709 36,245 36,558 35,133 34,608 36,751 37,856 Parking garageActive contract customers449 432472464333524482460354410Hourly cash customers127,608 108,893 109,028 107,584 104,342 85,210 83,048 80,127 81,624 80,555 Utility Customer ServicePayments processed401,891 413,088 423,299 443,766 461,557 467,262 436,936 476,999 498,703 495,659 Incoming calls82,234 85,728 85,842 97,121 96,876 85,212 84,861 94,986 93,075 93,862 Meters read598,660 618,676 640,554 670,913 694,270 708,672 719,749 732,631 744,298 758,306 Source: City of College Station various departmentsCITY OF COLLEGE STATION, TEXASOPERATING INDICATORS BY FUNCTION/PROGRAM - ContinuedLAST TEN FISCAL YEARS136
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Function/ProgramPolicePatrol units 26 26 29 29 29 27 33 32 39 39 Jail capacity17 17 17 17 17 17 17 17 17 17 Fire stations4444444566 Note: The Fire Department operates an additional fire station located at the airport.Public WorksStreets (linear miles)385 395 429 438 428 453 474 482 482 493 Sidewalks (miles)97 100 100 100 119 130 138 150 156 162 Traffic signals62 62 65 66 66 69 70 75 76 77 Storm sewers (miles)*72 72 72 80 83 83 89 89 95 Notes: Street measurement changed from lane miles to linear miles in FY04. Storm sewer mileage includes both underground pipes and valley gutters.Parks and RecreationAcreage1,248 1,274 1,289 1,306 1,306 1,327 1,327 1,327 1,328 1,412 Playunits35 46 48 47 54 56 57 57 56 61 Softball/baseball fields 25 32 32 35 35 36 36 36 36 41 Soccer fields 26 31 31 29 29 30 30 30 30 35 Jogging/walking trails26 27 28 29 33 34 34 34 34 41 Community centers3333333322Pools3333333333Pavilions (rentable)6677667777 Notes: Some parks have multiple playunits. Softball/baseball fields include practice fields.ElectricPeak demand (megawatts)280 260 355 355 355 305 305 325 325 204 Number of substations4555566666Distribution lines (miles)450 394 411 411 432 440 444 438 458 458 WaterWater mains (miles)341 365 367 381 385 396 402 410 415 420 Fire hydrants2,165 2,232 2,380 2,453 2,494 2,562 2,614 2,682 2,741 2,798 Number of wells6888899999Water production capacity 28,000 23,000 23,000 23,000 26,000 32,000 27,000 30,000 29,000 29,000 (thousands of gallons per day)SewerSanitary sewer lines (miles)271 279 285 301 305 313 319 324 324 324 Treatment capacity 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 (thousands of gallons per day)SanitationCollection trucks24 24 25 25 25 25 25 25 25 26 Residential collection containers15,958 16,647 18,135 19,549 20,275 20,671 20,550 21,547 22,470 23,239 Commercial collection containers1,545 1,569 1,594 1,619 1,644 1,669 1,694 1,719 1,744 1,894 Fleet number of vehicles613 627 651 643 647 662 662 576 570 596 Source: City of College Station* Data not measured for fiscal year indicated.CITY OF COLLEGE STATION, TEXASCAPITAL ASSET STATISTICS BY FUNCTION/PROGRAMLAST TEN FISCAL YEARS137
2013Ę2014 PROPOSED ANNUAL BUDGET