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Home My WebLink AboutFY 1965-1966 -- Approved Annual Budget BUDGET OF THE CITY OF COLLEGE STATION FISCAL YEAR JULY 1 , 1965 - JUNE 30 , 1966 C X 1938 I <„ YT •.'IIIIIIIII III O F S ' COLLEGE STATION THE HOME OF TEXAS A & M UNIVERSITY TABLE OF CONTENTS * * * * # 3 # 3* if 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 ELECTRIC FUND Revenues 13 Expenditures - Administrative 13 Operation 14 Maintenance and Repairs 14 New Construction 14 Debt Service 15 PART IV WATER AND SEWER FUND Revenues 16 Expenditures - Administrative 16 Operation 17 TABLE OF CONTENTS (continued) PART IV (continued) PAGE Maintenance and Repairs 17 New Construction 18 Sewage Treatment 18 Debt Service 18 PART V CEMETERY FUND Revenues 19 Expenditures - Administrative 19 Maintenance and New Construction 19 PART VI STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE Statement of Indebtedness 20 Schedule of Requirements for Debt Service 21 Schedule of Requirements for Debt Service 22 Schedule of Requirements for Debt Service 23 Schedule of Requirements for Debt Service 24 Schedule of Requirements for Debt Service 25 Schedule of Requirements for Debt Service 26 An Ordinance Adopting a Budget for the 1965-66 Fiscal Year and Authorizing Expenditures as Therein Provided 27 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 1965-66 and Apportioning Each Levy for the Specific Purpose 28 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, 1965 and ending June 30, 1966. This proposed budget is in the amount of $760,450.00. This is an increase of $43,000.00 over the 1964-65 budget. Below is a breakdown on increases and decreases in this budget as compared with that of last year. Reference is made to departments and accounts as they appear in our ledger. GENERAL FUND The General Fund ad valorem tax revenues will be increased approxi- mately $13,000.00 based on 97% collection of an assessed valuation of $6,403,917.00 with a tax rate of $1.50 per one hundred dollar valuation. This is the same tax rate that has been used since 1958. The expenditures will be increased by $23,000.00 due to new traffic signals and additional policemen. ELECTRIC FUND The revenues in the Electric Fund will be increased $25,000.00 due to normal increase in the sale of electric power. The expenditures will be increased by approximately $12,000.00 due to increase in power purchases and debt service. WATER AND SEWER FUND The revenues in the Water and Sewer Fund will be increased $3,000.00 due to normal increase in the sale of water. The expenditures will be increased by approximately $8,000.00 due to increase in water purchases and new construction. Respectfully submitted, Ran Boswell City Manager CITY OF COLLEGE STATION CITY OFFICIALS CITY COUNCIL Ernest Langford, Mayor J. A. Orr A. P. Boyett Robert R. Rhodes T. R. Holleman A. L. Rosprim 0. M. Holt K. A. Manning City Secretary Phillip B. Goode City Judge John L. Sandstedt City Attorney Fred J. Benson City Engineer 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 1952-53 $ .67 $ .27 $ .06 $1.00 1953-54 .68 .26 .06 1.00 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 t 1958-59 1.36 .11 .03 1.50 1959-60 1.37 .11 .02 1.50 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 CITY OF COLLEGE STATION BUDGET ANALYSIS OF TAX LEVY Current Tak Assessed Tax Collections % Total Collected % Fiscal Year Valuation Rate Tax Levy Fiscal Year Collected as of 6-30-65 Collected Year Ending 1952 $2,695,530.00 $1.00 $26,955.30 $25,885.22 96.30 $26,834.20 99.55 6-30-53 1953 3,038,921.00 1.00 30,389.21 29,059.33 95.62 30,229.91 99.48 6-30-54 1954 3,155,159.00 1.00 31,551.59 30,268.62 95.93 31,302.66 99.21 6-30-55 1955 3,297,260.00 1.00 32,972.60 31,714.51 96.18 32,780.77 99.42 6-30-56 1956 3,594,733.00 1.00 35,947.33 35,143.05 97.76 35,763.85 99.49 6-30-57 1 M 1957 3,863,948.00 1.00 38,639.48 37,607.50 97.33 38,377.30 99.32 6-30-58 1 1958 4,062,455.00 1.50 61,280.46 59,691.00 97.40 60,863.12 99.32 6-30-59 1959 4,399,270.00 1.5o 65,996.64 63,864.91 96.77 65,538.79 99.31 6-30-60 1960 4,672,600.00 1.50 70,089.50 67,368.63 96.12 69,541.77 99.22 6-30-61 1961 4,850,029.00 1.50 72,750.96 70,105.47 96.36 72,062.50 99.05 6-30-62 1962 5,021,445.00 1.50 75,322.24 72,546.45 96.31 74,353.11 98.71 6-30-63 1963 5,177,020.00 1.50 77,655.30 74,650.26 96.13 76,364.25 98.34 6-30-64 1964 5,705,484.0o 1.50 85,582.83 83,073.29 97.07 83,073.29 97.07 6-30-65 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 7.01 1946 10.46 1947 15.94 1948 19.44 1949 36.19 1950 38.00 1951 99.35 1952 121.10 1953 159.30 1954 248.93 1955 191.83 1956 183.48 1957 262.18 1958 417.34 1959 457.85 1960 547.73 1961 688.46 1962 969.13 1963 1,291.05 1964 2,509.54 $8,378.71 Less Reserve for Uncollectible Taxes 3,800.00 Taxes Receivable Net $4,578.71 _ 4 _ CITY OF COLLEGE STATION BUDGET ESTIMATED REVENUES & EXPENDITURES ALL FUNDS FISCAL YEAR 1965 - 1966 Fund Revenues Expenditures General $144,250.00 $321,497.00 Electric 446,000.00 287,620.00 Water & Sewer 168,200.00 149,333.00 Cemetery 2,000.00 2,000.00 $760,450.00 $760,450.00 - 5 - CITY OF COLLEGE STATION BUDGET SUMMARY REVENUES & EXPENDITURES Estimated 1964-65 Proposed 1965-66 Revenues Expenditures Revenues Expenditures GENERAL FUND: Ad Valorem Tax $ 82,000.00 $ $ 95,000.00 $ All Other 47,710.00 49,250.00 Administrative 40,721.66 47,675.00 Police Department 33,820.10 53,750.00 Fire Department 11,510.00 11,510.00 Health Department 33,950.00 37,900.00 Street Department 104,236.17 116,510.00 Miscellaneous 14,100.00 15,300.00 Recreation Fund 5,500.00 6,700.00 Equipment Replacement Fund 3,600.00 4,800.00 Two-Way Radio Equipment 2,600.00 Contingent Fund 3,396.00 3,877.00 Retirement of Debt 20,395.00 20,875.00 TOTAL GENERAL FUND $129,710.00 $271,228.93 $144,250.00 $321,497.00 ELECTRIC FUND: Administrative $ $ 12,616.67 $ $ 14,250.00 Operation 419,900.00 190,860.00 446,000.00 203,720.00 Maintenance & Repairs 22,000.00 23,260.00 New Construction 28,000.00 25,000.00 Debt Service 21,610.00 21,390.00 TOTAL ELECTRIC FUND $419,900.00 $275,086.67 $446,000.00 $287,620.00 WATER AND SEWER FUND: Administrative $ $ 13,866.67 $ $ 15,500.00 Operation 165,400.00 49,510.00 168,200.00 52,870.00 Maintenance & Repairs 38,300.00 41,025.00 New Construction 20,500.00 20,500.00 Sewage Treatment 7,300.00 7,900.00 Debt Service 11,745.00 11,538.00 TOTAL WATER & SEWER FUND $165,400.00 $141,221.67 $168,200.00 $149,333.00 CEMETERY FUND: Administrative $ $ 1,400.00 $ $ 1,200.00 Operation 2,000.00 2,000.00 Maintenance & Repairs 600.00 800.00 TOTAL CEMETERY FUND S 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $717,010.00 $689,537.27 $760,450.00 $760,450.00 - 6 - ANNUAL BUDGET * * * * * * * * * * * * PART II * * * * * * GENERAL FUND * * * * * * * * * * * DETAILED REVENUES AND EXPENDITURES CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1963-64. 1964-65 1965-66 REVENUES: Tax Revenue $ 74,663.39 $ 80,000.00 $ 93,000.00 Tax Revenue Delinquent 1,905.97 2,000.00 2,000.00 Penalty & Int. on Delinquent Taxes 506.93 300.00 300.00 License 105.00 110.00 150.00 Occupational Taxes 582.50 600.00 600.00 Franchise Tax 9,736.89 9,800.00 9,800.00 Animal Licenses 257.00 300.00 300.00 Court Fines 3,146.50 6,000.00 6,000.00 Inspection Fees 1,334.00 1,000.00 1,000.00 Building Permits 3,347.50 2,400.00 2,400.00 Garbage Charge 24,440.25 26,000.00 27,500.00 Miscellaneous 912.55 1,000.00 1,000.00 Fees & Issuing Tax Certificates 199.00 200.00 200.00 $121,137.48 $129,710.00 $144,250.00 - 7 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 EXPENDITURES: ADMINISTRATIVE: Mayor and Council $ $ 150.00 $ 150.00 Auditing and Legal 1,200.31 900.00 900.00 Director of Finance 1,960.08 2,100.00 2,300.00 City Manager 3,533.34 3,766.66 4,000.00 Elections 245.56 175.00 175.00 Corporation Court Expense 1,200.00 1,200.00 1,200.00 Office Salaries 2,760.00 2,8 0.00 3,000.00 Other Office Expense 1,278.62 1,500.00 1,500.00 Tax Expense 407.92 450.00 450.00 Car Expense 92.12 100.00 100.00 Texas Municipal League 561.60 600.00 600.00 Capital Outlay 1,970.92 300.00 1,500.00 Engineering 21,577.45 21,600.00 22,200.00 Utilities 509.50 500.00 500.00 Municipal Retirement & Social Security 4,403.54 4,500.00 4,500.00 Codification of Ordinances 4,600.00 $ 41,700.96 $ 40,721.66 $ 47,675.00 - g - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 POLICE DEPARTMENT: Signs and Signals $ 1,675.15 $ 1,500.00 $ 13,000.00 Auto Maintenance 2,945.04 2,500.00 3,000.00 Chief of Police Salary 5,880.00 6,300.00 6,300.00 Policemen 18,660.00 19,000.00 26,850.00 Capital Outlay 2,566.03 2,220.10 2,300.00 Miscellaneous 1,466.03 1,600.00 1,600.00 Radio Service 498.32 400.00 400.00 City's Share of School Patrolman 225.00 300.00 300.00 $ 33,915.57 $ 33,820.10 $ 53,750.00 FIRE DEPARTMENT: Payment to A & M University $ 1,595.00 $ 1,400.00 $ 1,400.00 Cutting Grass & Trash Removal - Salaries & Equipment Expense 6,110.12 6,500.00 6,500.00 Firemen's Salaries 2,727.00 2,500.00 2,500.00 Insurance - Firemen and Fire Trucks 259.00 700.00 700.00 Miscellaneous 251.10 300.00 300.00 Capital Outlay Fire Plug 100.00 110.00 110.00 $ 11,042.22 $ 11,510.00 $ 11,510.00 - 9 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 HEALTH DEPARTMENT: Contribution to County Health Unit $ 3,286.46 $ 5,200.00 $ 6,000.00 Refuse Collection: Disposal Grounds 4,200.00 4,200.00 4,200.00 Salaries 17,313.55 22,000.00 24,450.00 Capital Outlay Mosquito Control 300.00 1,000.00 Truck Expense 2,162.20 2,000.00 2,000.00 Miscellaneous 167.37 250.00 250.00 $ 27,129.58 $ 33,950.00 $ 37,900.00 STREET DEPARTMENT: Maintenance & Repairs: Salaries $ 19,566.05 $ 20,000.00 $ 20,960.00 Material 10,825.81 10,000.00 10,000.00 Equipment Expense 2,177.28 2,500.00 2,500.00 Warehouse Expense 244.89 250.00 250.00 New Construction: Drainage - Bridges 20.20 486.17 3,800.00 Capital Outlay 2,793.27 City's Share of Paving 65,420.03 69,000.00 77,000.00 Street Lighting 962.55 2,000.00 2,000.00 $102,010.08 $104,236.17 $116,510.00 - 10 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 MISCELLANEOUS: City's Share of Library Expense $ 400.00 $ 400.00 $ 400.00 Travel 1,490.06 1,500.00 1,500.00 Insurance and Bonds 3,495.18 3,500.00 3,500.00 Other Expenses 2,485.90 2,500.00 2,500.00 Youth Developing Counseling Service 4,800.00 4,800.00 6,000.00 Maintenance & Repairs Bldg. and Custodian 1,364.25 1,400.00 1,400.00 $ 14,035.39 $ 14,100.00 $ 15,300.00 RECREATION AND PARKS: Maintenance and Utilities - Parks $ 1,860.76 $ 2,000.00 $ 3,200.00 Recreation Council 2,500.00 3,500.00 3,500.00 $ 4,360.76 $ 5,500.00 $ 6,700.00 EQUIPMENT REPLACEMENT FUND $ 4,800.00 $ 3,600.00 $ 4,800.00 TWO-WAY RADIO EQUIPMENT $ 2,600.00 CONTINGENT FUND $ $ 3,396.00 $ 3,877.00 - 11 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 RETIREMENT OF DEBTS: Notes and Contracts: University National Bank $ 10,000.00 $ 10,000.00 $ 10,000.00 Municipal Building Property 2,500.00 2,500.00 2,500.00 Parking Lot 750.00 Interest - Notes and Contracts 1,942.50 1,340.00 2,000.00 $ 15,192.50 $ 13,840.00 $ 14,500.00 BONDS AND WARRANTS: Water and Sewer (1946) $ 6,000.00 $ 6,000.00 $ 6,000.00 Interest - Bonds and Warrants 720.00 540.00 360.00 Commission Expense - Bonds 15.00 15.00 15.00 $ 6,735.00 $ 6,555.00 $ 6,375.00 $260,922.06 $271,228.93 $321,497.00 - 12 - ANNUAL BUDGET PART III * * * * * * * UTILITY SECTION * * * * * * * * * * * * * * ELECTRIC CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 REVENUES: Electric Sales $377,206.92 $415,000.00 $441,OOO.00 Penalties Collected 2,387.68 2,400.00 2,400.00 Temporary Services 335.00 400.00 400.00 Pole Rental 2,529.50 2,100.00 2,200.00 $382,459.10 $419,900.00 $446,000.00 EXPENDITURES: ADMINISTRATIVE: City Manager Salary $ 3,533.33 $ 3,766.67 $ 4,000.00 Director of Finance 1,959.96 2,100.00 2,300.00 Audit and Legal 1,200.27 900.00 900.00 Telephone and Utilities 1,714.18 1,800.00 1,800.00 Auto Expense 92.51 100.00 100.00 Capital Outlay 1,970.91 300.00 1,500.00 Insurance 523.09 650.00 650.00 Office Supplies 1,278.66 1,500.00 1,500.00 Municipal Retirement & Social Security 1,461.97 1,500.00 1,500.00 $ 13,734.88 $ 12,616.67 $ 14,250.00 - 13 - CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 OPERATION: Salaries: Billing Clerk $ 1,472.31 $ 1,440.00 $ 1,500.00 Clerks 1,200.00 2,880.00 3,120.00 Utility Clerk 2,190.00 2,400.00 2,800.00 Meter Reader 1,807.09 2,340.00 2,500.00 Special Engineering Service 40.62 600.00 600.00 Power Cost 172,536.00 180,000.00 192,000.00 Billing Cost 770.93 1,200.00 1,200.00 $180,016.95 $190,860.00 $203,720.00 MAINTENANCE AND REPAIRS: Salaries $ 15,655.80 $ 19,000.00 $ 20,260.00 Material 1,794.85 2,000.00 2,000.00 Truck Expense 859.06 750.00 750.00 Warehouse Expense 244.92 250.00 250.00 $ 18,554.63 $ 22,000.00 $ 23,260.00 NEW CONSTRUCTION: Salaries and Material $ 8,235.59 3 9,000.00 $ 5,000.00 Meters 6,951.78 6,000.00 6,000.00 Transformers 15,715.15 13,000.00 14,000.00 General Equipment $ 30,902.52 $ 28,000.00 $ 25,000.00 - 14 - CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 DEBT SERVICE: Debt Retirement: Interest & Sinking Fund Require- ments - Revenue Bond Series 1955 $ 13)000.00 $ 14,410.00 $ 14,190.00 Interest & Sinking Fund Require- ments - Revenue Bond Series 1962 2,200.00 7,200.00 7,200.00 $ 15,200.00 $ 21,610.00 $ 21,390.00 $258,408.98 $275,086.67 $287,620.00 - 15 - ANNUAL BUDGET PART IV * * * * * * UTILITY SECTION * * * * * * * * * * * * * * WATER AND SEWER CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 REVENUES: Water Sales $113,899.45 $114,000.00 $116,000.00 Sewer Sales 37,608.80 40,000.00 40,800.00 Total Water & Sewer Revenue $151,508.25 $154,000.00 $156,800.00 Tapping Fees - Water and Sewer $ 11,185.00 $ 10,000.00 $ 10,000.00 Customers Penalty 1,028.06 1,400.00 1,400.00 $ 12,213.06 $ 11,400.00 $ 11,400.00 $163,721.31 $165,400.00 $168,200.00 EXPENDITURES: ADMINISTRATIVE: City Manager Salary $ 3,533.33 $ 3,766.67 $ 4,000.00 Director of Finance 1,959.96 2,100.00 2,300.00 Audit and Legal 1,200.27 900.00 900.00 Telephone and Utilities 1,664.36 1,700.00 1,700.00 Auto Expense - City Manager 92.51 100.00 100.00 Capital Outlay 300.00 1,500.00 Insurance 1,156.69 1,200.00 1,200.00 Office Supplies 1,278.56 1,500.00 1,500.00 Municipal Retirement & Social Security 2,271'.75 2,300.00 2,300.00 $ 13,157.43 $ 13,866.67 $ 15,500.00 - 16 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 OPERATION: Salaries: Billing Clerk $ 1,472.32 $ 1,440.00 $ 1,500.00 Clerks 1,200.00 2,880.00 3,120.00 Utility Clerk 2,190.00 2,400.00 2,800.00 Meter Reader 1,807.09 2,340.00 2,500.00 Water Cost 35,803.49 37,000.00 39,000.00 Billing Cost 770.94 1,200.00 1,200.00 Sewer Disposal Rent 272.00 250.00 250.00 Sewer Rent - Bryan 1,702.43 2,000.00 2,500.00 $ 45,218.27 $ 49,510.00 $ 52,870.00 MAINTENANCE & REPAIRS: Water Lines: Salaries $ 15,986.15 $ 20,000.00 $ 21,550.00 Material 2,532.47 2,500.00 2,500.00 Truck Expense 1,370.82 1,200.00 1,200.00 Warehouse Expense 244.92 200.00 200.00 $ 20,134.36 $ 23,900.00 $ 25,450.00 Sewer Lines: Salaries $ 9,233.10 $ 12,000.00 $ 13,175.00 Material 1,037.16 1,000.00 1,000.00 Truck Expense 1,370.49 1,400.00 1,400.00 $ 11,640.75 $ 14,400.00 $ 15,575.00 TOTAL MAINTENANCE AND REPAIRS $ 31,775.11 $ 38,300.00 $ 41,025.00 - 17 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 NEW CONSTRUCTION: Water: Salaries and Material $ 8,665.62 $ 8,000.00 $ 10,000.00 Meters 6,352.17 6,000.00 6,000.00 Sewer: Salaries and Material 4,734.64 4,000.00 2,000.00 Tapping Expense 862.74 2,500.00 2,500.00 $ 20,615.17 $ 20,500.00 $ 20,500.00 SEWAGE TREATMENT: Salaries $ 4,560.00 $ 5,100.00 $ 5,700.00 Maintenance: Buildings, Grounds & Equipment 260.93 400.00 400.00 Utilities 1,767.13 1,800.00 1,800.00 $ 6,588,06 $ 7,300.00 $ 7,900.00 DEBT SERVICE: Debt Retirement: Interest & Sinking Fund Require- ments - Revenue Bond - Series 1951 $ 6,000.00 $ 5,800.00 $ 5,675.00 Interest & Sinking Fund Require- ments - Revenue Bond - Series 1955 6,030.00 5,945.00 5,863.00 $ 12,030.00 $ 11,745.00 $ 11,538.00 $129,384.04 $141,221.67 $149,333.00 - 18 - ANNUAL BUDGET * * * *° * * * * * * * * PART V * * * * * CEMETERY FUND CITY OF COLLEGE STATION BUDGET CEMETERY FUND Actual Estimated Proposed 1963-64 1964-65 1965-66 REVENUES: Sale of Property $ 890.00 $ 1,200.00 $ 1,200.00 Opening Graves 282.50 350.00 350.00 Donations 50.00 50.00 50.00 Interest on Bonds 389.80 400.00 400.00 $ 1,612.30 $ 2,000.00 $ 2,000.00 EXPENDITURES: ADMINISTRATIVE: Perpetual Care Fund Transfer $ 332.00 $ 400.00 $ 400.00 Capital Outlay 1,000.00 800.00 $ 332.00 $ 1,400.00 $ 1,200.00 MAINTENANCE: Labor $ 66.38 $ 500.00 $ 600.00 Landscaping 100.00 200.00 Equipment Expense 66.38 600.00 $ 800.00 $ 398.38 $ 2,000.00 $ 2,000.00 - 19 - ANNUAL BUDGET * * * * * * * * * * * * PART VI * * * STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIRE - MENTS FOR DEBT SERVICE CITY OF COLLEGE STATION STATEMENT OF INDEBTEDNESS AS OF JUNE 30, 1965 Original Interest Amount Payments 1965-66 Date Debt Rate Unpaid Interest Principal NOTES & CONTRACTS: University National Bank 1959 $ 10,500.00 4% $ 5,000.00 $ 200.00 $ 1,000.00 1960 40,000.00 4% 10,000.00 400.00 9,000.00 1965 37,000.00 4% 37,000.00 1,480.00 E. M. White, Sr. 1962 7,500.00 6% 2,500.00 150.00 2,500.00 BONDS & WARRANTS: Water & Sewer (1946) 1946 85,000.00 2, 2 3/4, 3% 12,000.00 360.00 6,000.00 Water Works & Sewer System Revenue Bonds (1951) 1951 60,000.00 2 1/2, 2 3/4, 1 3% 42,000.00 1,255.00 2,000.00 0a Water Works & Sewer System i Revenue Bonds (1951) 1951 30,000.00 3 1/2% 12,000.00 420.00 2,000.00 Water Works & Sewer System Revenue Bonds (1955) 1955 '110,000.00 2 3/4, 3 1/2% 85,000.00 2,862.50 3,000.00 Electric Light & Power System 2 3/4, 3, Revenue Bonds (1955) 1955 265,000.00 3 1/4% 205,000.00 6,190.00 8,000.00 Electric Light & Power System Revenue Bonds (1962) 1962 35,000.00 2.90% 30,000.00 870.00 5,000.00 TOTAL PRESENT INDEBTEDNESS $680,000.00 $440,500.00 $14,187.50 $38,500.00 SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE BONDS AND WARRANTS WATER & SEWER 1946 $85,000 Fiscal Payments Annual Year Principal Interest Total 65 - 66 $ 6,000.00 $ 360.00 $ 6,360.00 66 - 67 6,000.00 180.00 6,180.00 $12,000.00 $ 540.00 $12,540.00 - 21 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS AND SEWER SYSTEM REVENUE BONDS $60,000 Issue dated February 1, 1951 Option February 1, 1966 Fiscal Bond Payment Annual Year No. Principal Interest Total 65 - 66 19 - 20 $ 2,000.00 $ 1,255.00 $ 3,255.00 66 - 67 21 - 22 2,000.00 1,200.00 3,200.00 67 - 68 23 - 24 2,000.00 1,140.00 3,140.00 68 - 69 25 - 26 2,000.00 1,080.00 3,080.00 69 - 70 27 - 28 2,000.00 1,020.00 3,020.00 70 - 71 29 - 30 2,000.00 960.00 2,960.00 71 - 72 31 - 33 3,000.00 900.00 3,900.00 72 - 73 34 - 36 3,000.00 810.00 3,810.00 73 - 74 37 - 39 3,000.00 720.00 3,720.00 74 - 75 40 - 42 3,000.00 630.00 3,630.00 75 - 76 43 - 45 3,000.00 540.00 3,540.00 76 - 77 46 - 48 3,000.00 450.00 3,450.00 77 - 78 49 - 51 3,000.00 360,00 3,360.00 78 - 79 52 - 54 3,000,00 270.00 3,270.00 79 - 80 55 - 57 3,000.00 180.00 3,180.00 80 - 81 58 - 60 3,000,00 90.00 3,090.00 $42,000.00 $11,605.00 $53,605.00 - 22 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS AND SEWER SYSTEM REVENUE BONDS $30,000 Issue dated August 1, 1951 Option August 1, 1966 Fiscal Bond Payment Annual Year No. Principal Interest Total 65 - 66 19 - 20 $ 2,000.00 $ 420.00 $ 2,420.00 66 - 67 21 - 22 2,000.00 350.00 2,350.00 67 - 68 23 - 24 2,000.00 280.00 2,280.00 68 - 69 25 - 26 2,000.00 210.00 2,210.00 69 - 70 27 - 28 2,000.00 140.00 2,140.00 70 - 71 29 - 30 2,000.00 70.00 2,070.00 $12,000.00 $1,470.00 $13,470.00 - 23 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS AND SEWER SYSTEM REVENUE BONDS (Series 1955) $110,000 Issue dated February 1, 1955 Option February 1, 1970 Fiscal Bond Payment Annual Year No. Principal Interest Total 65 - 66 26 - 28 $ 3,000.00 $ 2,862.50 $ 5,862.50 66 - 67 29 - 31 3,000.00 2,780.00 5,780.00 67 - 68 32 - 34 3,000.00 2,697.50 5,697.50 68 - 69 35 - 37 3,000.00 2,615.00 5,615.00 69 - 70 38 - 40 3,000.00 2,532.50 5,532.50 70 - 71 41 - 44 4,000.00 2,450.00 6,450.00 71 - 72 45 - 48 4,000.00 2,310.00 6,310.00 72 - 73 49 - 52 4,000.00 2,170.00 6,170.00 73 - 74 53 - 56 4,000.00 2,030.00 6,030.00 74 - 75 57 - 60 4,000.00 1,890.00 5,890.00 75 - 76 61 - 64 4,000.00 1,750.00 5,750.00 76 - 77 65 - 68 4,000.00 1,610.00 5,610.00 77 - 78 69 - 72 4,000.00 1,470.00 5,470.00 78 - 79 73 - 77 5,000.00 1,330.00 6,330.00 79 - 80 78 - 82 5,000.00 1,155.00 6,155.00 80 - 81 83 - 87 5,000.00 980.00 5,980.00 81 - 82 88 - 92 5,000.00 805.00 5,805.00 82 - 83 93 - 101 9,000.00 630.00 9,630.00 83 - 84 102 - 110 9,000.00 314.50 9,314.50, $85,000.00 $34,382.00 $119,382.Q0 - 24 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS (Series 1955) $265,000 Issue dated February 1, 1955 Option February 1, 1970 Fiscal Bond Payment Annual Year No. Principal Interest Total 65 - 66 61 - 68 $ 8,000.00 $ 6,190.00 $ 14,190.00 66 - 67 69 - 76 8,000.00 5,970.00 13,970.00 67 - 68 77 - 85 9,000.00 5,750.00 14,750.00 68 - 69 86 - 94 9,000.00 5,502.50 14,502.50 69 - 70 95 - 103 9,000.00 5,255.00 14,255.00 70 - 71 104 - 112 9,000.00 5,007.50 14,007.50 71 - 72 113 - 122 10,000.00 4,760.00 14,760.00 72 - 73 123 - 132 10,000.00 4,485.00 14,485.00 73 - 74 133 - 142 10,000.00 4,185.00 14,185.00 74 - 75 143 - 153 11,000.00 3,885.00 14,885.00 75 - 76 154 - 164 11,000.00 3,555.00 14,555.00 76 - 77 165 - 175 11,000.00 3,225.00 14,225.00 77 - 78 176 - 187 12,000.00 2,895.00 14,895.00 78 - 79 188 - 199 12,000.00 2,535.00 14,535.00 79 - 80 200 - 211 12,000.00 2,145.00 14,145.00 80 - 81 212 - 224 13,000.00 1,755.00 14,755.00 81 - 82 225 - 237 13,000.00 1,332.50 14,332.50 82 - 83 238 - 251 14,000.00 910.00 14,910.00 83 - 84 252 - 265 14,000.00 505.00 14,505.00 $205,000.00 $69,847.50 $274,847.50 - 25 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS (Series 1962) $35,000 Issue dated August 1, 1962 Option None Fiscal Bond Payment Annual Year No. Principal Interest Total 65 - 66 2 $ 5,000.00 $ 870.00 $ 5,870.00 66 - 67 3 5,000.00 725.00 5,725.00 67 - 68 4 5,000.00 580.00 5,580.00 68 - 69 5 5,000.00 435.00 5,435.00 69 - 70 6 5,000.00 290.00 5,290.00 70 - 71 7 5,000.00 145.00 5,145.00 $30,000.00 $3,045.00 $33,045.00 • - 26 - ORDINANCE NO. 437 AN ORDINANCE ADOPTING A BUDGET FOR THE 1965-66 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, 1965, to June 30, 1966, 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 accord- ance with the approved fiscal procedures of the City. Passed and approved this the 28th day of June, 1965, A. D. APPROVED: S/E±nest Langford Mayor ATTEST: S/K. A. Manning City Secretary - 27 - ORDINANCE NO. 438 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 1965-66 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-five 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: (1) For the maintenance and support of the general government (General Fund) , One Dollar and Forty Cents ( 1.40) on each One Hundred Dollar ( 100.00) valuation of property, and (2) For the interest and sinking fund, Ten Cents (10¢) on each One Hundred Dollar ($100.00) valuation of property to be apportioned as follows: Water and Sewer Bonds, Voted 1946. 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 depositing 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 a and after its passage. PASSED AND APPROVED this the 28th day of June, 1965, A. D. APPROVED: ATTEST: S/Ernest Langford S/K. A. Manning Mayor City Secretary - 28 -