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Home My WebLink AboutFY 1967-1968 -- Approved Annual Budget 1 BUDGET OF THE CITY OF COLLEGE STATION FISCAL YEAR JULY 1 , 1967 - JUNE 30 , 1968 THE HOME OF TEXAS A & M UNIVERSITY TABLE OF CONTENTS ***** ** ******** PAGE PART I City Officials 1 Analysis of Tax Rate 2 Analysis of Tax Levy 3 Delinquent Taxes 4 Estimate of Revenues and Expenditures 5 Budget Summary of Revenues and Expenditures 6 PART II GENERAL FUND Revenues 7 Expenditures - Administrative 8 Police and Fire Department 9 Health and Street Department 10 Miscellaneous and Recreation 11 Retirement of Debt and Bonds and Warrants 12 Part III UTILITY FUND Revenues 13 Expenditures - Administrative 13 Operation 14 Maintenance and Repairs 14 Sewage Treatment 15 Capital Outlay 15 Debt Service 16 PART IV CEMETERY FUND Revenues 17 Expenditures - Administrative 17 Maintenance and New Construction 17 TABLE OF CONTENTS (continued) PAGE PART V STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE Statement of Indebtedness 18 Schedule of Requirements for Debt Service 19 Schedule of Requirements for Debt Service 20 An Ordinance Adopting a Budget for the 1967-68 Fiscal Year and Authorizing Expenditures as Therein Provided 21 An Ordinance Levying Taxes for the Use and Support of the Municipal Government of the City of College Station and Providing for the Interest and Sinking Fund for the Year 1967-68 and Apportioning Each Levy for the Specific Purpose 22 BUDGET MESSAGE To the Honorable Mayor and City Council City of College Station, Texas Gentlemen: Pursuant to Article 689a-13, Title 20 of the Revised Civil Statutes of Texas and Article V, Section 46 of the Charter of the City of College Station, there is submitted herewith a budget estimate of the revenues and expenditures of the City of College Station for the fiscal year beginning July 1, 1967 and ending June 30, 1968. This proposed budget is in the amount of $1,025,425.00. This is an increase of $80,500.00 over the 1966-67 budget. Below is a breakdown on increases and decreases in this budget as compared with that of last year. GENERAL FUND The ad valorem tax revenue will be increased approximately $18,000.00 based on 97% collection of an assessed valuation of $8,158,480.00 with a tax rate of $1.50 per one hundred dollar valuation. There has been no change in the tax rate for the past ten years. Other revenues will be increased in the amount of $12,000.00 due to increases in franchise tax, court fines, building permit fees, and garbage charge. The expenditures will be increased by $15,500.00 due to salary adjustments, additional office personnel, two additional police officers, full time engineer, and purchase of right-of-way for the extension of County Road from Glade Street to State Highway 6. At this time the city is free of debt as far as tax bonds are con- cerned. UTILITY FUND ELECTRIC, WATER AND SEWER The Electric Fund and Water and Sewer Fund have been budgeted sepa- rately since the city's incorporation. We are consolidating these funds into one Utility Fund in this budget. In the past the city has not been eligible for a national rating on its bonds by either Moody's Investors Service or Standard and Poor' s Corporation. In combining the utility funds we have been placed in position to secure a rating which will reduce interest cost on revenue bonds. Recently we were assigned an "A" rating by Moody's Investors Service. The revenue in the Utility Fund will be increased $42,000.00 due to normal increase in the sales of electric power, water and sewage service charges. The expenditures will be increased by $65,000.00 due to the following items: (1) $13,000.00 additional power cost (2) $5,000.00 additional water cost (3) $43,000.00 interest and sinking fund requirements for Revenue Bonds Series 1967 (4) $4,000.00 salary adjustments and capital outlay in electric system. As College Station continues to grow, demand for services increases accordingly. We are aware of this demand and are always striving to render the type service that our people might reasonably expect. Respectfully submitted, Ran Boswell City Manager RB/f n CITY OF COLLEGE STATION CITY OFFICIALS CITY COUNCIL D. A. Anderson, Mayor Homer B. Adams Robert R. Rhodes A. P. Boyett Bill J. Cooley 0. M. Holt A. L. Rosprim Charles F. Richardson City Secretary Phillip B. Goode City Judge Don Dillon City Attorney Dr. T. 0. Walton, Jr. City Health Officer - 1 - CITY OF COLLEGE STATION ANALYSIS OF TAX RATE 1947 1946 Public Building Total General Fund Bond Fund Warrants Tax Rate 1954-55 $ .70 $ .24 $ .06 $1.00 1955-56 .72 .22 .06 1.00 1956-57 .75 .20 .05 1.00 1957-58 .77 .19 .04 1.00 1958-59 1.36 .11 .03 1.50 1 1959-60 1.37 .11 .02 1.50 c` I 1960-61 1.37 .11 .02 1.50 1961-62 1.40 .10 1.50 1962-63 1.41 .09 1.50 1963-64 1.37 .13 1.50 1964-65 1.38 .12 1.50 1965-66 1.40 .10 1.50 1966-67 1.41 .09 1.50 1967-68 1.50 1.50 CITY OF COLLEGE STATION BUDGET ANALYSIS OF TAX LEVY Current Tax Assessed Tax Collections % Total Collected % Fiscal Year Valuation Rate Tax Levy Fiscal Year Collected as of 6-30-67 Collected Year Ending 1954 $3,155,159.00 $1.00 $ 31,551.59 a 30,268.62 95.93 $ 31,326.01 99.29 6-30-55 1955 3,297,260.00 1.00 32,972.60 31,714.51 96.18 32,817.77 99.53 6-30-56 1956 3,594,733.00 1.00 35,947.33 35,143.05 97.76 35,782.95 99.54 6-30-57 1957 3,863,948.00 1.00 38,639.48 37,607.50 97.33 38,398.90 99.38 6-30-58 1958 4,062,455.00 1.50 61,280.46 59,691.00 97.40 60,922,54 99.42 6-30-59 1959 4,399,270.00 1.50 65,996.64 63,864.91 96.77 65,600.47 99.40 6-30-60 t 1960 4,672,600.00 1.50 70,089.50 67,368.63 96.12 69,610.78 99.32 6-30-61 1961 4,850,029.00 1.50 72,750.96 70,105.47 96.36 72,117.27 99.13 6-30-62 1962 5,021,445.00 1.50 75,322.24 72,546.45 96.31 74,581.29 99.02 6-30-63 1963 5,177,020.00 1.50 77,655.30 74,650.26 96.13 76,542.03 98.57 6-30-64 1964 5,705,484.00 1.50 85,582.83 83,073.29 97.07 84,489.64 98.72 6-30-65 1965 6,412,827.00 1.50 96,193.15 92,326.38 95.98 94,144.89 97.87 6-30-66 1966 7,061,806.00 1.50 105,928.81 101,355.16 95.68 101,355.16 95.68 6-30-67 CITY OF COLLEGE STATION BUDGET DELINQUENT TAXES 1939 $ 16.98 1940 34.80 1941 27.52 1942 7.20 1943 5.50 1944 12.40 1945 6.20 1946 8.75 1947 14.59 1948 18.09 1949 34.84 1950 36.00 1951 98.00 1952 119.75 1953 159.05 1954 225.58 1955 154,83 1956 164.38 1957 240.58 1958 357.92 1959 396.17 1960 478.72 1961 633.69 1962 740.95 1963 1,113.27 1964 1,093.19 1965 2,048.26 1966 4,573.65 $12,820.86 Less Reserve for Uncollectible Taxes 4,000.00 Taxes Receivable Net $ 8,820.86 _ 4 _ CITY OF COLLEGE STATION BUDGET ESTIMATED REVENUES & EXPENDITURES ALL FUNDS FISCAL YEAR 1967 - 1968 Fund Revenues Expenditures General $ 208,500.00 $ 397,670.00 Utility Funds - Electric, Water & Sewer 814,200.00 625,030.00 Cemetery 2,725.00 2,725.00 $1,025,425.00 $1,025,425.00 - 5 - CITY OF COLLEGE STATION BUDGET SUMMARY REVENUES & EXPENDITURES Estimated 1966-67 Proposed 1967-68 Revenues Expenditures Revenues Expenditures GENERAL FUND: Ad Valorem Tax $103,500.00 $ $ 121,500.00 $ All Other 74,825.00 87,000.00 Administrative 48,799.00 64,688.00 Police Department 56,910.00 69,000.00 Fire Department 18,228.00 18,228.00 Health & Sanitation Department 49,340.00 51,900.00 Street Department 139,010.00 123,650.00 Miscellaneous 17,600.00 20,100.00 Parks and Recreation 6,300.00 9,200.00 Equipment Replacement Fund 9,000.00 10,000.00 Contingent Fund 19,596.00 19,904.00 Retirement of Debts 17,595.00 11,000.00 TOTAL GENERAL FUND $178,325.00 $382,378.00 $ 208,500.00 $ 397,670.00 UTILITY FUNDS - ELECTRIC, WATER & SEWER: Administrative $ $ 32,086.00 $ $ 33,172.00 Operation 771,987.00 341,050.00 814,200.00 361,420.00 Maintenance & Repairs 72,145.00 76,300.00 Sewage Treatment 13,000.00 14,100.00 Capital Outlay 68,514.72 64,500.00 Debt Service 32,928,00 75,538.00 TOTAL UTILITY FUNDS $771,987.00 $559,723.72 $ 814,200.00 $ 625,030.00 CEMETERY FUND: Administrative S $ 1,550.00 $ $ 1,550.00 Operation 2,725.00 2,725.00 Maintenance & Repairs 1,175.00 1,175.00 TOTAL CEMETERY FUND $ 2,725.00 $ 2,725.00 $ 2,725.00 $ 2,725.00 $953,037.00 $944,826.72 81,025,425.00 $1,025,425.00 - 6 - ANNUAL BUDGET * * * * * * * * * * * �f PART II * * $1 * * * GENERAL FUND * * * * * * * * * * * DETAILED REVENUES AND EXPENDITURES CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 REVENUES: Tax Revenue $ 92,223.93 $101,000.00 $119,000.00 Tax Revenue Delinquent 1,730.90 2,500.00 2,500400 Penalty & Int. on Delinquent Taxes 509.99 600.00 600.00 License 121.04 200.00 200.00 Occupational Taxes 624.90 700.00 800.00 Franchise Tax 11,643.84 12,000.00 12,600.00 Animal Licenses & Pound Fee 680.00 700.00 700.00 Court Fines 10,876.00 10,900.00 11,000.00 Inspection Fees 1,374.00 1,375.00 1,400.00 Building Permits 3,570.00 3,800.00 4,000.00 Garbage Charge 28,864.59 43,000.00 54,000.00 Miscellaneous 1,205.28 1,250.00 1,300.00 Fees & Issuing Tax Certificates 264.00 300.00 400.00 $153,688.47 $178,325.00 $208,500.00 - 7 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 EXPENDITURES: ADMINISTRATIVE: Mayor and Council $ 211.52 $ 300.00 $ 300.00 Auditing and Legal 1,164.90 1,175.00 1,400.00 Director of Finance 2,300.00 2,415.00 2,534.00 City Manager 4,000.00 4,134.00 4,134.00 Elections 202.69 175.00 200.00 Corporation Court Expense 1,200.00 1,800.00 2,400.00 Office Salaries 3,000.00 6,000.00 10,600.00 Other Office Expense 1,978.54 2,000.00 2,000.00 Tax Expense 235.45 600.00 800.00 Car Expense 119.09 100.00 120.00 Texas Municipal League 595.50 600.00 600.00 Capital Outlay 1,970.84 1,000.00 1,000.00 Engineering 22,494.11 23,000.00 33,000.00 Telephone and Utilities 526.46 600.00 600.00 Retirement and Social Security 4,844.30 4,900.00 5,000.00 $ 44,843.40 $ 48,799.00 $ 64,688.00 -- 8 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 POLICE DEPARTMENT: Signs and Signals $ 12,567.43 $ 3,500.00 $ 2,500.00 Auto Maintenance 5,761.99 4,000.00 4,000.00 Chief of Police Salary 6,300.00 6,600.00 6,600.00 Policemen 24,312.50 34,560.00 47,650.00 Capital Outlay 2,300.00 5,500.00 5,500.00 Miscellaneous and Uniforms 3,170.14 2,200.00 2,200.00 Radio Service 78.81 200.00 200.00 City's Share of School Patrolman 337.50 350.00 350.00 $ 54,828.37 $ 56,910.00 $ 69,000.00 FIRE DEPARTMENT: Payment to A & M University $ 1,750.00 $ 1,500.00 $ 1,500.00 Cutting Grass & Trash Removal - Salaries & Equipment Expense 4,962.56 6,000.00 6,000.00 Firemen's Salaries 2,459.00 2,200.00 2,200.00 Insurance - Firemen and Fire Trucks 619.00 Miscellaneous - Firemen's Training 400.00 400.00 400.00 Fire Chief Salary 3,660.00 3,660.00 Fire Plug Rental 100.00 100.00 100.00 Alarm System 600.00 600.00 Radio Dispatcher 3,768.00 3,768.00 10,290.56 $ 18,228.00 $ 18,228.00 - 9 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 HEALTH & SANITATION DEPARTMENT: Contribution to County Health Unit $ 3,908.04 $ 6,000.00 $ 7,000.00 Refuse Collection: Disposal Grounds 4,200.00 4,200.00 4,200.00 Salaries 23,505.30 28,440.00 30,000.00 Capital Outlay 6,400.00 6,400.00 Mosquito Control 854.64 900.00 900.00 Truck Expense 2,848.77 3,000.00 3,000.00 Miscellaneous 397.63 400.00 400.00 $ 35,714.38 $ 49,340.00 $ 51,900.00 STREET DEPARTMENT: Maintenance & Repairs: Salaries $ 23,905.58 $ 25,000.00 $ 25,900.00 Material 10,489.14 10,000.00 15,000.00 Equipment Expense 6,458.30 6,500.00 6,500.00 Warehouse Expense 246.89 250.00 250.00 New Construction: Drainage - Bridges 4,524.16 2,000.00 2,000.00 Capital Outlay 3,000.00 2,000.00 2,000.00 City's Share of Paving 76,087.97 60,000.00 60,000.00 Street Lighting 354.63 2,000.00 2,000.00 Purchase of Right-of-way 1,760.00 10,000.00 City's Participation - Jersey Street Improvement 29,500.00 $125,066.67 $139,010.00 $123,650.00 - 10 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 MISCELLANEOUS: City's Share of Library Expense $ 400.00 $ 400.00 $ 400.00 Travel 1,731.36 1,800.00 1,800.00 Insurance and Bonds 3,410.21 3,500.00 3,500.00 Other Expense 1,400.00 1,400.00 1,400.00 Brazos County Counseling Service 6,000.00 6,000.00 8,500.00 Civil Defense & Miscellaneous 1,100.00 1,200.00 1,200.00 Maintenance and Repairs Building & Custodian 1,539.24 3,300.00 3,300.00 $ 15,580.81 $ 17,600.00 $ 20,100.00 PARKS AND RECREATION: Maintenance and Utilities Parks $ 1,430.75 $ 2,500►00 $ 5,000.00 Park Equipment Recreation Council 3,500.00 3,800►00 4,200.00 $ 4,930.75 $ 6,300.00 $ 9,200.00 EQUIPMENT REPLACEMENT FUND $ 4,800.00 $ 9,000.00 $ 10,000.00 CONTINGENT FUND $ $ 19,596.00 $ 19,904.00 - 11 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 RETIREMENT OF DEBTS: Notes: University National Bank $ 10,000.00 $ 10,000.00 $ 10,000.00 Interest - Notes 2,157.78 1,400.00 1,000.00 $ 12,157.78 $ 11,400.00 $ 11,000.00 BONDS: Water and Sewer (1946) $ 6,000.00 $ 6,000.00 $ Interest 360.00 180.00 Commission Expense 15.00 15.00 $ 6,375.00 $ 6,195.00 $ $314,587.72 $382,378.00 $397,670.00 - 12 - ANNUAL BUDGET * * * * * * * * * * * * PART III * * * * * * # U T I L I T Y SECTION CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1965-66 1966-67 1967-68 REVENUES: Electric Sales $498,658.56 $547,000.00 $575,000.00 Water Sales 119,483.15 154,000.00 162,000.00 Sewer Sales 43,933.75 54,000.00 60,000.00 Penalties 4,064.41 4,000.00 2,000.00 Temporary Electric Services 340.00 350.00 400.00 Pole Rental 2,565.00 2,637.00 2,800.00 Tapping Fees - Water & Sewer 12,367.00 10,000.00 12,000.00 $681,411.87 $771,987.00 $814,200.00 EXPENDITURES: ADMINISTRATIVE: City Manager's Salary $ 8,000.00 $ 8,266.00 $ 8,266.00 Director of Finance Salary 4,600.00 4,830.00 5,066.00 Audit and Legal 2,329.80 2,350.00 2,800.00 Telephone & Utilities 3,668.01 3,800.00 4,000.00 Auto Expense 238.64 240.00 240.00 Capital Outlay 3,988.20 2,000.00 2,000.00 Insurance 2,029.34 2,100.00 2,100.00 Office Supplies 3,957.64 4,000.00 4,000.00 Retirement 4,346.65 4,500.00 4,700.00 $ 33,158.28 $ 32,086.00 $ 33,172.00 - 13 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1965-66 1966-67 1967-68 OPERATION: Office Salaries $ 14,663.80 $ 17,400.00 $ 19,370.00 Meter Reading 5,000.00 5,250.00 5,250.00 Special Engineering 1,363.90 1,000.00 1,000.00 Power Cost 226,096.92 260,000.00 273,000.00 Water Cost 43,671.51 55,000.00 60,000.00 Billing Cost 2,200.00 2,400.00 2,800.00 $292,996.13 $341,050.00 $361,420.00 MAINTENANCE & REPAIRS: Electric: Salaries $ 19,740.40 $ 21,600.00 $ 25,000.00 Material 2,042.19 3,000.00 3,000.00 Water & Sewer: Salaries 36,000.00 38,245.00 39,000.00 Material - Water 2,702.38 3,000.00 3,000.00 Material - Sewer 839.59 1,000.00 1,000.00 Other Expense: Gas, Oil & Repairs 2,191.10 2,300.00 2,300.00 Warehouse Expense 493.62 500.00 500.00 Tapping Expense 1,855.84 2,500.00 2,500.00 $ 65,865.12 $ 72,145.00 $ 76,300.00 - 14 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1965-66 1966-67 1967-68 SEWAGE TREATMENT: Salaries $ 5,700.00 $ 6,000.00 $ 6,300.00 Sewer Rent - Bryan 3,294.63 4,000.00 4,800.00 Maintenance: Building, Grounds & Equipment 401.79 1,200.00 1,200.00 Utilities 1,727.76 1,800.00 1,800.00 $ 11,124.18 $ 13,000.00 $ 14,100.00 CAPITAL OUTLAY: Electric: Material $ 14,279.43 $ 15,000.00 $ 15,000.00 Meters 8,008.97 8,000.00 8,000.00 Transformers 12,238.70 15,000.00 17,000.00 General Equipment Water: Salaries & Material 12,572.29 8,000.00 5,000.00 Meters 10,216.95 10,000.00 10,000.00 Sewer: Salaries and Material 7,709.59 5,000.00 5,000.00 General Equipment 7,514.72 4,500.00 $ 65,025.93 $ 68,514.72 $ 64,500.00 - 15 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1965-66 1966-67 1967-68 DEBT SERVICE: Interest & Sinking Fund Requirements - Waterworks & Sewer System and Electric Light & Power System Revenue Refunding Bonds $ 32,689.00 $ 32,928.00 $ 43,278.00 Interest & Sinking Fund Requirements - Waterworks & Sewer System and Electric Light & Power System Revenue Bonds - Series 1967 32,260.00 $ 32,689.00 $ 32,928.00 $ 75,538.00 $500,858.64 $559,723.72 $625,030.00 - 16 - ANNUAL BUDGET * * * * ,* * * * * ;: PART IV * * * * CEMETERY FUND CITY OF COLLEGE STATION BUDGET CEMETERY FUND Actual Estimated Proposed 1965-66 1966-67 1967-68 REVENUES: Sale of Property $ 1,562.50 $ 1,600.00 S 1,600.00 Opening Graves 507.50 600.00 600.00 Donations 25.00 25.00 25.00 Interest on Bonds 459.74 500.00 500.00 $ 2,554.74 $ 2,725.00 $ 2,725.00 EXPENDITURES: ADMINISTRATIVE: Perpetual Care Fund Transfer $ 542.85 $ 550.00 $ 550.00 Capital Outlay 1,000,00 1,000.00 $ 542.85 $ 1,550.00 $ 1,550.00 MAINTENANCE: Labor $ 14.00 $ 775.00 $ 775.00 Landscaping 400.00 400.00 Equipment Expense $ 14.00 $ 1,175.00 $ 1,175.00 $ 556.85 $ 2,725.00 $ 2,725.00 - 17 - ANNUAL BUDGET * * * * * * * * * 4f * PART V * * * 3: STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIRE - MENTS FOR DEBT SERVICE CITY OF COLLEGE STATION STATEMENT OF INDEBTEDNESS AS OF JUNE 30, 1967 Original Interest Amount Payments 1967-68 Date Debt Rate Unpaid Interest Principal NOTES & CONTRACTS: University National Bank 1959 $ 10,500.00 4% $ 4,000.00 $ 160.00 $ 1,000.00 1965 37,000.00 4% 28,000.00 1,120.00 9,000.00 BONDS & WARRANTS: Waterworks & Sewer System & 2.75, 2.90, 3., Electric Light & Power 3.25, 3.50, 5.% System Revenue Refunding Bonds 1967 333,000.00 333,000.00 11,277.50 32,000.00 .o H Waterworks & Sewer System & f Electric Light & Power 3.60, 3.65, System Revenue Bonds - 4.25, 5.% Series 1967 1967 600,000.00 600,000.00 22,260.00 TOTAL PRESENT INDEBTEDNESS $980,500.00 $965.000.00 $34,817.50 $42,000.00 SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS & SEWER SYSTEM AND ELECTRIC LIGHT & POWER SYSTEM REVENUE REFUNDING BONDS $333,000 Issue dated February 1, 1967 Fiscal Bond Payment Annual Year No. Principal Interest Total 67 - 68 1 - 16 $ 32,000.00 $11,277.50 $ 43,277.50 68 - 69 17 - 35 47,000.00 10,052.50 57,052.50 69 - 70 36 - 48 17,000.00 8,077.50 25,077.50 70 - 71 49 - 62 18,000.00 7,602.50 25,602.50 71 - 72 63 - 76 14,000.00 7,070.00 21,070.00 72 - 73 77 - 90 14,000.00 6,655.00 20,655.00 73 - 74 91 - 104 14,000.00 6,215.00 20,215.00 74 - 75 105 - 119 15,000.00 5,775.00 20,775.00 75 - 76 120 - 134 15,000.00 5,305.00 20,305.00 76 - 77 135 - 149 15,000.00 4,835.00 19,835.00 77 - 78 150 - 165 16,000.00 4,365.00 20,365.00 78 - 79 166 - 182 17,000.00 3,865.00 20,865.00 79 - 80 183 - 199 17,000.00 3,300.00 20,300.00 80 - 81 200 - 217 18,000.00 2,735.00 20,735.00 81 - 82 218 - 235 18,000.00 2,137.50 20,137.50 82 - 83 236 - 258 23,000.00 1,540.00 24,540.00 83 - 84 259 - 281 23,000.00 770.00 23,770.00 $333,000.00 $91,577.50 $424,577.50 - 19 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS & SEWER SYSTEM AND ELECTRIC LIGHT & POWER SYSTEM REVENUE BONDS (SERIES 1967) $600,000 Issue dated February 1, 1967 Fiscal Bond Payment Annual Year No. Principal Interest Total 67 - 68 $ $22,260.00 $ 22,260.00 68 - 69 22,260.00 22,260.00 69 - 70 1 - 6 30,000.00 22,260.00 52,260.00 70 - 71 7 - 12 30,000.00 20,760.00 50,760.00 71 - 72 13 - 18 30,000.00 19,485.00 49,485.00 72 - 73 19 - 24 30,000.00 18,405.00 48,405.00 73 - 74 25 - 30 30,000.00 17,325.00 47,325.0o 74 - 75 31 -. 36 30,000.00 16,245.0o 46,245.00 75 - 76 37 - 42 30,000.00 15,165.00 45,165.00 76 - 77 43 - 48 30,000.00 14,085.00 44,085.00 77 - 78 49 - 54 30,000.00 13,005.00 43,005.00 78 - 79 55 - 60 30,000.00 11,925.00 41,925.00 79 - 80 61 - 66 30,000.00 10,845.00 40,845.00 80 - 81 67 - 72 30,000.00 9,765.00 39,765.0o 81 - 82 73 - 78 30,000.00 8,685.00 38,685.00 82 - 83 79 - 84 30,000.00 7,605.00 37,605.00 83 - 84 85 - 90 30,000.00 6,525.00 36,525.00 84 - 85 91 - 96 30,000.00 5,445.00 35,445.00 85 - 86 97 - 102 30,000.00 4,365.00 34,365.00 86 - 87 103 - 108 30,000.00 3,285.00 33,285.00 87 - 88 109 - 114 30,000.00 2,190.00 32,190.00 88 - 89 115 - 120 30,000.00 1,095.00 31,095.00 $600,000.00 $272,985.00 $872,985.00 - 20 - ORDINANCE NO. 525 AN ORDINANCE ADOPTING A BUDGET FOR THE 1967-68 FISCAL YEAR AND AUTHORIZING EXPENDITURES AS THEREIN PROVIDED. BE IT ORDAINED by the City Council of the City of College Station, Texas: WHEREAS a proposed budget for the fiscal year, July 1, 1967 to June 30, 1968, was prepared and a public hearing held thereon as prescribed by law, now, THEREFORE, 1. The aforesaid proposed budget, a copy of which is attached hereto and made a part hereof, is hereby adopted. 2. Authorization is hereby granted for the expenditure of the sums under the respective items contained in said budget in accordance with the approved fiscal procedures of the City. Passed and approved this the 26th day of June, 1967, A. D. APPROVED: S/D. A. Anderson Mayor ATTEST: S/Florence Neelley Assistant City Secretary - 21 - ORDINANCE NO. 526 AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION AND PROVIDING FOR THE INTEREST AND SINKING FUND FOR THE YEAR 1967-68 AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSE. BE IT ORDAINED by the City Council of the City of College Station, Texas: Section I. That there is hereby levied and there shall be collected for the use and support of the municipal government of the City of College Station, and to provide Interest and Sinking Fund for the year nineteen hundred and sixty- seven upon all property, real, personal and mixed, within the corporate limits of said city subject to taxation, a tax of One Dollar and Fifty Cents ($1.50) on each One Hundred Dollar ($100.00) valuation of property, said tax being so levied and apportioned to the specific purpose herein set forth: For the maintenance and support of the general government (General Fund), One Dollar and Fifty Cents (41.50) on each One Hundred Dollar ($100.00) valuation of property. Section II. There is hereby levied and there shall be collected from every person, firm, association, or corporation pursuing any occupation taxed by the General Laws of the State of Texas, an annual occupation tax equal in each instance to one-half of the State occupation tax, which said taxes shall be paid annually in advance except where otherwise provided by the State Laws, in which event the same may be paid as is provided by the State Law. Section III. All monies collected under this ordinance for the specific items therein named, shall be and the same are hereby appropriated and set apart for the specific purpose indicated in each item and the Assessor and Collector of Taxes, and the Director of Finance shall keep these accounts so as to readily and distinctly show the amount collected, the amounts expended and the amount on hand at any time, belonging to such funds. It is hereby made the duty of the Tax Assessor and Collector to deliver to the Director of Finance at the time of deposit- ing any monies, a statement showing to what fund such deposit should be made and from what source received. All receipts for the City not specifically apportioned by this ordinance are hereby made payable to the General Fund of the City. Section IV. That this ordinance shall take effect and be in force from and after its passage. PASSED AND APPROVED this the 26th day of June, 1967, A. D. APPROVED: S/D. A. Anderson Mayor ATTEST: S/Florence Neelley Assistant City Secretary - 22 -