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Home My WebLink AboutFY 1960-1961 -- Approved Annual Budget BUDGET OF THE CITY OF COLLEGE STATION FISCAL YEAR JULY 1 , 1960 - JUNE 30, 1961 C x 1938 T .,,,I,111111 I:; 0 f i � I IIID F COLLEGE STATION HOME OF THE AGRICULTURAL AND MECHANICAL COLLEGE OF TEXAS TABLE OF CONTENTS * * 3: * * * * * * PART I PAGE 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 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 19 PART V CEMETERY FUND Revenues 20 Expenditures - Administrative 20 Maintenance and New Construction 20 PART VI STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE Statement of Indebtedness 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 1960-61 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 1960-61 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, 1960 and ending June 30, 1961. The accounting system of your city conforms with the accounting pro- cedure recommended by the National Committee of Municipal Accountants. The total budget for the fiscal year is S457,336.20, an increase of $20,952.20 over the 1959-60 budget. This budget requires a tax rate of >1.50 per $100.00 assessed valua- tion which is the same rate used for the past two fiscal years. I wish to express to you my sincere appreciation for your fine coop- eration and guidance in handling the city's business. Respectfully submitted, Ran Boswell City Manager CITY OF COLLEGE STATION CITY OFFICIALS CITY COUNCIL Ernest Langford, Mayor J. A. Orr A. P. Boyett D. A. Anderson C. W. Landiss W. A. Smith Joe H. Sorrels N. M. McGinnis City Secretary Phillip B. Goode City Judge C. E. Dillon 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 1947 1946 Street Improvement Cemetery Public Building Total General Fund Bond Fund Warrants Warrants Warrants Tax Rate 1948-49 $ .32 .32 $ .11 $ .13 $ .12 $1.00 1949-50 .33 .35 .10 .11 .11 1.00 1950-51 .53 .29 .09 .09 1.00 1951-52 .56 .28 .08 .08 1.00 1952-53 .67 .27 .06 1.00 1953-54 .68 .26 .06 1.00 1 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 1959-60 1.37 .11 .02 1.50 1960-61 1.37 .11 .02 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 6-30-60 Collected Year Ending 1947 $1,848,220.00 $1.00 $18,482.20 $17,315.34 93.69 $18,447.26 99.81 6-30-48 1948 1,898,765.00 1.00 18,987.65 18,137.42 95.52 18,965.21 99.89 6-30-49 1949 2,045,910.00 1.00 20,459.10 18,839.50 92.08 20,418.16 99.90 6-30-50 1950 2,302,345.00 1.00 23,023.45 22,149.50 96.2 22,948.95 99.68 6-3C-51 1951 2,427,455.00 1.00 24,274.55 23,281.05 96. 24,115.70 99.35 6-3C-52 1 1952 2,695,530.00 1.00 26,955.30 25,885.22 96.03 26,776.20 99.34 6-30-53 ' 1953 3,038,921.00 1.00 30,389.21 29,059.33 95.62 30,117.21 99.10 6-30-54 1954 3,155,159.00 1.00 31,551.59 30,268.62 95.93 31,174.91 98.81 6-30-55 1955 3,297,260.00 1.00 32,972.60 31,714.51 96.18 32,633.02 98.97 6-30-56 1956 3,594,733.00 1.00 35,947.33 35,143.05 97.76 35,649.60 99.17 6-30-57 1957 3,863,948.00 1.00 38,639.48 37,607.50 97.33 37,966.90 98.26 6-30-58 1958 4,062,455.00 1.5o 61,280.46 59,691.00 97.40 60,352.49 98.49 6-30-59 1959 4,399,270.00 1.5o 65,996.64 63,864.91 96.77 63,864.91 96.77 6-30-60 CITY OF COLLEGE STATION BUDGET DELINQUENT TAXES 1939 $ 18.18 1940 34.80 1941 27.52 1942 7.20 1943 6.50 1944 12.90 1945 7.41 1946 12.26 1947 34.94 1948 22.44 1949 40.94 1950 74.50 1951 158.85 1952 179.10 1953 272.00 1954 376.68 1955 339.58 1956 297.73 1957 672.58 1958 927.97 1959 2,131.73 5,655.81 Less Reserve for Uncollectible Taxes 3,000.00 Taxes Receivable Net S2,655.81 - 4 -- CITY OF COLLEGE STATION BUDGET ESTIMATED REVENUES & EXPENDITURES ALL FUNDS FISCAL YEAR 1960 - 1961 Fund Revenues Expenditures General $103,100.00 w197,645.00 Electric 240,300.00 157,150.00 Water & Sewer 112,500.00 101,105.00 Cemetery 1,436.20 1,436.20 $457,336.20 $457,336.20 - 5 - CITY OF COLLEGE STATION BUDGET SUMMARY REVENUES & EXPENDITURES Estimated 1959-60 Proposed 1960-61 Revenues Expenditures Revenues Expenditures GENERAL FUND: Ad Valorem Tax $ 64,683.00 t $ 68,465.00 All Other 33,635.00 34,635.00 Administrative 3 0,44.6.71 30,090.00 Police Department 34,979.00 25,777.00 Fire Department 7,925.00 8,125.00 Health Department 23,950.00 23,950.00 Street Department 73,560.00 74,370.00 Miscellaneous 17,930.79 8,700.00 Recreation Fund 2,050.00 2,550.00 Equipment Replacement Fund 3,600.00 3,600.00 Area Planning 5,901.87 4,600.00 Contingent Fund 2,796.25 4,057.00 Retirement of Debt 12,064.75 11,826.00 TOTAL GENERAL FUND $ 98,318.00 ,r215,204.37 $103,100.00 $197,645.00 ELECTRIC FUND: Administrative 9,767.43 $ $ 9,390.00 Operation 229,200.00 103,370.00 240,300.00 108,670.00 Maintenance & Repairs 13,990.00 13,990.00 New Construction 12,000.00 12,000.00 Debt Service 12,600.55 13,100.00 TOTAL ELECTRIC FUND t229,200.00 $151,727.98 0240,300.00 $157,150.00 WATER & SEWER FUND: Administrative $ 9,567.43 $ $ 9,190.00 Operation 107,500.00 33,090.00 112,500.00 34,340.00 Maintenance & Repairs 29,620.00 27,620.00 New Construction 17,000.00 12,000.00 Sewage Treatment 6,125.00 6,125.00 General Equipment Debt Service 11,100.28 11,830.00 TOTAL WATER & SEWER FUND $107,500.00 $106,502.71 $112,500.00 $101,105.00 CEMETERY FUND: Administrative $ 300.00 $ $ 500.00 Operation 1,366.00 1,436.20 Maintenance & Repairs 700.00 750.00 New Construction 186.20 TOTAL CEMETERY FUND $ 1,366.00 $ 1,000.00 $ 1,436.20 $ 1,436.20 $436,384.00 $474,435.06 $457,336.20 $457,336.20 - 6 - ANNUAL BUDGET * * * * * * * * * * * * PART II * * * * GENERAL FUND * * * * * * * * * * * DETAILED REVENUES AND EXPENDITURES CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 REVENUES: Tax Revenue $ 59,827.45 $ 63,583.00 $ 67,365.00 Tax Revenue Delinquent 482.37 1,100.00 1,100.00 Penalty & Int. on Delinquent Taxes 159.38 250.00 250.00 License 76.25 85.00 85.00 Occupational Taxes 548.99 500.00 500.00 Franchise Tax 5,973.10 6,000.00 6,500.00 Animal Licenses 239.00 400.00 400.00 Court Fines 3,413.00 3,500.00 3,500.00 Inspection Fees 906.00 700.00 700.00 Building Permits 1,688.50 1,400.00 1,400.00 Garbage Charge 19,548.68 20,000.00 20,500.00 Miscellaneous 727.62 800.00 800.00 93,590.34 S 98,318.0o n03,100.00 - 7 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 EXPENDITURES: ADMINISTRATIVE: Profit and Loss r ,q w Mayor and Council 9.00 100.00 100.00 Auditing and Legal 669.72 800.00 800.00 Director of Finance 1,600.00 1,740.00 1,740.00 City Manager 3,000.00 3,150.00 3,150.00 Elections 270.43 79.27 100.00 Corporation Court Expense 600.00 600.00 600.00 Office Salaries 2,400.00 2,400.00 2,400.00 Other Office Expense 1,422.13 1,200.00 1,200.00 Tax Expense 508.19 325.00 325.00 Car Expense 145.14 100.00 100.00 Texas Municipal League 373.00 375.00 375.00 Capital Outlay 515.36 577.44 200.00 Special Engineering Service 9,800.47 15,000.00 15,000.00 Municipal Retirement & Social Security 3,438.99 4,000.00 4,000.00 $ 24,752.43 $ 30,446.71 $ 30,090.00 - 8 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 POLICE DEPARTMENT: Signs and Signals $ 664.68 $ 10,000.00 $'- 1,000.00 City Pound Expense 12.00 12.00 12.00 Auto Maintenance 2,067.31 2,000.00 2,000.00 Chief of Police Salary 4,800.00 5,220.00 5,220.00 Four Policemen 15,120.00 15,960.00 15,960.00 Capital Outlay 1,835.00 Miscellaneous 727.73 1,002.00 800.00 Radio Service - City of Bryan 375.94 400.00 400.00 City's Share of School Patrolman 382.50 385.00 385.00 $ 25,985.16 $ 34,979.00 $ 25,777.00 FIRE DEPARTMENT: Payment to A. & M. College $ 535.00 $> 650.00 $ 650.00 Cutting Grass & Trash Removal - Salaries & Equipment Expense 5,973.93 5,400.00 5,400.00 Firemen's Salaries 1,265.00 1,400.00 1,400.00 Insurance - Firemen and Fire Trucks 175.50 275.00 475.00 Miscellaneous Firemen Training School 264.00 150.00 150.00 Capital Outlay Fire Plug Rental 50.00 50.00 50.00 $ 8,263.43 $ 7,925.00 $ 8,125.00 - 9 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 HEALTH DEPARTMENT: Contribution to County Health Unit 4$ 4,080.00 C 4,200.00 $ 4,200.00 Refuse Collection: Disposal Grounds 2,870.00 3,300.00 3,300.00 Salaries 13,703.42 13,800.00 13,800.00 Capital Outlay Mosquito Control 397.20 400.00 400.00 Truck Expense 2,485.57 2,000.00 2,000.00 Miscellaneous 246.00 250.00 250.00 23,782.19 C 23,950.00 $ 23,950.00 STREET DEPARTMENT: Maintenance & Repairs: Salaries $ 13,733.10 $ 14,120.00 $ 14,120.00 Material 10,658.77 10,000.00 10,000.00 Equipment Expense 1,917.34 2,000.00 2,000.00 Warehouse Expense 175.01 250.00 250.00 New Construction: Drainage - Bridges 911.53 500.00 3,000.00 Capital Outlay 7,638.60 City's Share of Paving 10,850.38 45,000.00 45,000.00 Engineering Services 9,444.00 Street Lighting 1,532.90 840.00 Purchase of Highway Right-of-Way 3,576.50 850.00 ' 60,438.13 $ 73,560.00 S 74,370.00 - 10 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 MISCELLANEOUS: City's Share of Library Expense $ 400.00 400.00 $ 400.00 Travel 1,501.32 1,500.00 1,500.00 Insurance and Bonds 2,410.35 2,400.00 2,400.00 Miscellaneous 1,067.78 1,069.00 1,000.00 Youth Developing Counseling Service 2,400.00 2,400.00 2,400.00 Maintenance and Repairs Bldg. 66.55 10,161.79 1,000.00 7,846.00 $ 17,930.79 $ 8,700.00 RECREATION AND PARKS: Maintenance and Utilities - Parks ; 55.79 300.00 $ 800.00 Recreation Council: Instructor 1,315.00 1,315.00 1,315.00 Equipment 185.00 435.00 435.00 1,555.79 $ 2,050.00 $ 2,550.00 EQUIPMENT REPLACEMENT FUND ' 3,600.00 $ 3,600.00 $ 3,600.00 AREA PLANNING $ 2,691.85 $ 5,901.87 $ 4,600.00 CONTINGENT FUND $ 4,600.00 2,796.25 $ 4,057.00 - 11 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 RETIREMENT OF DEBTS: Notes and Contracts: College Station State Bank S 2,500.00 2,500.00 Interest - Notes and Contracts 180.00 540.00 500.00 180.00 $ 3,040.00 $ 3,000.00 BONDS AND WARRANTS: Public Building Warrants $ 1,500.00 $ 1,500.00 $ 1,500.00 Water and Sewer (1946) 4,000.00 5,000.00 5,000.00 Electric (1946) 1,000.00 1,000.00 1,000.00 Interest - Bonds and Warrants 1,809.79 1,496.25 1,297.50 Commission Expense - Bonds 27.65 28.50 28.50 w 8,337.44 $ 9,024.75 $ 8,826.00 $172,032.42 $215,204.37 $197,645.00 - 12 - ANNUAL BUDGET * * * * * * ** * * PART III * # * ;f * * * UTILITY SECTION dE * * * * * * * * * * * * * ELECTRIC. Jd 6 CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 REVENUES: Electric Sales $213,847.30 $226,000.00 $237,000.00 Penalties Collected 1,377.32 1,400.00 1,400.00 Temporary Services 290.00 300.00 300.00 Pole Rental Telephone Company 1,492.50 1,500.00 1,600.00 $217,007.12 $229,200.00 $240,300.00 EXPENDITURES: ADMINISTRATIVE: City Manager Salary $ 3,000.00 $ 3,150.00 $ 3,150.00 Director of Finance 1,600.00 1,740.00 1,740.00 Audit and Legal 669.67 800.00 800.00 Telephone and Utilities 1,308.16 1,600.00 1,600.00 Auto Expense 145.31 100.00 100.00 Capital Outlay 381.91 577.43 200.00 Insurance 378.56 600.00 600.00 Office Supplies 1,422.29 1,200.00 1,200.00 8,905.90 $ 9,767.43 $ 9,390.00 - 13 - CITY OF COLLEGE STATION BUDGET ETECTRIC FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 OPERATION: Salaries: Billing Clerk $ 1,050.00 5 1,200.00 $ 1,200.00 Clerk 1,140.00 1,200.00 1,200.00 Utility Clerk 1,800.00 1,860.00 1,860.00 Meter Reader 740.00 760.00 760.00 Special Engineering Service 400.00 400.00 1,000.00 Power Cost 92,386.00 97,300.00 102,000.00 Billing Cost 616.18 650.00 650.00 98,132.18 $103,370.00 $t108,670.00 MAINTENANCE & REPAIRS: Salaries n 11,787.50 $ 12,140.00 $ 12,140.00 Material 1,530.77 1,000.00 1,000.00 Truck Expense 647.78 650.00 650.00 Warehouse Expense 174.99 200.00 200.00 14,141.04 S 13,990.00 $ 13,990.00 NEW CONSTRUCT ION: Salaries and Material are 7,770.24 $ 3,000.00 5 3,000.00 Meters 4,481.21 4,000.00 4,000.00 Transformers 5,936.96 5,000.00 5,000.00 General Equipment $ 18,188.41 S 12,000.00 $ 12,000.00 - 14 - CITY OF COLTEGE STATION BUDGET ET,ECTRIC FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 DEBT SERVICE: Debt Retirement: Interest & Sinking Fund Require- ments - Revenue Bond Series 1955 dF, 15,600.00 $ 12,600.00 $ 13,100.00 Interest: Deposits 6.46 .55 a 15,606.46 $ 12,600.55 d$ 13,100.00 $154,973.99 $151,727.98 $1.57,150.00 — 15 — ANNUAL BUDGET * * * * * * * * * * * * P ART IV * * * * * UT ILITY SECT ION * * * * of * * * of * * * as WATER AND SEWER CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 REVENUES: Water Sales N 67,489.60 $ 71,000.00 $ 74,500.00 Sewer Sales 29,661.50 30,500.00 31,000.00 Total Water & Sewer Revenue $ 97,151.10 $101,500.00 $$105,500.00 Tapping Fees - Water and Sewer $ 8,835.00 $ 5,000.00 $ 6,000.00 Customers Penalty 465.58 1,000.00 1,000.00 4$ 9,300.58 $ 6,000.00 $ 7,000.00 $106,451.68 $107,500.00 $112,500.00 EXPENDITURES: ADMINISTRATIVE: City Manager Salary t 3,000.00 $ 3,150.00 $ 3,150.00 Director of Finance 1,600.00 1,740.00 1,740.00 Audit and Legal 669.69 800.00 800.00 Telephone and Utilities 656.45 1,000.00 1,000.00 Auto Expense - City Manager 145.32 100.00 100.00 Capital Outlay 381.91 577.43 200.00 Insurance 1,003.05 1,000.00 1,000.00 Office Supplies 1,422.28 1,200.00 1,200.00 8,878.70 q 9,567.43 $ 9,190.00 - 16 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 OPERATION: Salaries: Billing Clerk $ 1,050.00 U 1,200.00 $ 1,200.00 Clerk 1,140.00 1,200.00 1,200.00 Utility Clerk 1,800.00 1,860.00 1,860.00 Meter Reader 740.00 760.00 760.00 Water Cost 25,056.35 25,500.00 26,750.00 Billing Cost 616.19 700.00 700.00 Sewer Disposal Rent 270.00 270.00 270.00 Sewer Rent - Bryan 1,560.80 1,600.00 1,600.00 32,233.34 $ 33,090.00 1 34,340.00 MAINTENANCE & REPAIRS: Water Lines : Salaries 6 13,268.40 ? 13,300.00 $ 13,300.00 Material 2,500.18 4,500.00 2,500.00 Warehouse Expense 174.99 200.00 200.00 Truck Expense 1,480.22 1,200.00 1,200.00 $ 17,423.79 $ 19,200.00 ' 17,200.00 Sewer Lines: Salaries ; 8,476.90 0 8,820.00 8,820.00 Material 431.38 600.00 600.00 Truck Expense 1,170.86 1,000.00 1,000.00 $ 10,079.14 10,420.00 S 10,420.00 TOTAL MAINTENANCE & REPAIRS $ 27,502.93 $ 29,620.00 27,620.00 - 17 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 NEW CONSTRUCTION: Water: Salaries and Material p 5,323.10 1' 8,000.00 $ 3,000.00 Meters 4,430.61 4,500.00 4,500.00 Sewer: Salaries and Material 2,262.10 2,000.00 2,000.00 Tapping Expense 2,351.96 2,500.00 2,500.00 14,367.77 $ 17,000.00 $ 12,000.00 SEWAGE TREATMENT : Salaries $; 3,600.00 $ 3,900.00 y 3,900.00 Supplies 13.56 100.00 100.00 Maintenance: Buildings, Grounds & Equipment 582.91 525.00 525.00 Utilities 1,583.36 1,600.00 1,600.00 $ 5,779.83 '> 6,125.00 $ 6,125.00 GENERAL EQUIPMENT 302.35 $. - 18 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 DEBT SERVICE: Debt Retirement: Interest & Sinking Fund Require- ments - Revenue Bond - Series 1951 , 4,500.00 ' 3,900.00 $ 4,300.00 Interest & Sinking Fund Require- ments - Revenue Bond - Series 1955 6,600.00 7,200.00 7,530.00 Interest: Deposit 396.65 .28 e. 11,496.65 $ 11,100.28 $ 11,830.00 $100,561.57 $106,502.71 $101,105.00 - 19 - CITY OF COLLEGE STATION BUDGET CEMETERY FUND Actual Estimated Proposed 1958-59 1959-60 1960-61 REVENUES: Sale of Property 4h 1,009.00 $" 1,029.80 k' 1,100.00 Opening Graves 250.00 225.00 225.00 Donations 50.00 50.00 50.00 Interest on Bonds 61.20 61.20 61.20 1,370.20 $rr 1,366.00 t 1,436.20 EXPENDITURES: ADMINISTRATIVE: Perpetual Care Fund Transfer $t 367.60 300.00 1$ 300.00 Capital Outlay 200.00 $ 367.60 $" 300.00 500.00 MAINTENANCE: Labor $» 600.00 600.00 Landscaping 42.00 100.00 150.00 Equipment Expense 42.00 $ 700.00 p 750.00 NEW CONSTRUCTION: Material $ 186.20 $? 409.60 1,000.00 1,436.20 - 20 - ANNUAL BUDGET ae * , * * * * * * * FART VI * * * * * * STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIRE — MENTS FOR DEBT SERVICE CITY OF COLLEGE STATION STATEMENT OF INDEBTEDNESS AS OF JUNE 30, 1960 Original Interest Amount Payments 1960-61 Date Debt Rate Unpaid Interest Principal NOTES & CONTRACTS: College Station State Bank 1954 $ 7,500.00 4% $ 2,000.00 $ 80.00 $ 1,000.00 1959 10,500.00 4% 10,500.00 420.00 1,500.00 1960 40,000.00 4% 40,000.00 1,600.00 BONDS & WARRANTS: Water & Sewer (1946) 1946 85,000.00 2, 2 3/4, 3% 40,000.00 1,175.00 5,000.00 Electric (1946) 1946 15,000.00 2, 2 3/4% 2,000.00 55.00 1,000.00 1 Public Building (1947) 1947 20,978.00 3% 2,250.00 56.25 1,500.00 Water Works & Sewer System 2 1/2, 2 3/4, "i Revenue Bonds (1951) 1951 60,000.00 3% 51,000.00 1,502.50 1,000.00 1 Water Works & Sewer System Revenue Bonds (1951) 1951 30,000.00 3 1/2% 21,000.00 735.00 1,000.00 Water Works & Sewer System Revenue Bonds (1955) 1955 110,000.00 2 3/4, 3 1/2% 100,000.00 3,275.00 3,000.00 Electric Light & Power System Revenue Bonds (1955) 1955 265,000.00 3 1/4% 238,000.00 7,097.50 6,000.00 TOTAL PRESENT INDEBTEDNESS $643,978.00 $506,750.00 $ 15,996.25 21,000.00 SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE BONDS AND WARRANTS WATER & SEWER ELECTRIC PUBLIC BUILDING WARRANTS ANNUAL 1946 $85,000 194E $15,000 1947 $20,978.60 TOTAL Fiscal Payments Payments Payments Year Principal Interest Principal Interest Principal Interest 60 - 61 $5,000 $1,175.00 $1,000 $ 55.00 $1,500 $ 56.25 $8,786.25 61 - 62 5,000 1,037.50 1,000 27.50 750 11.25 7,826.25 62 - 63 6,000 900.00 6,900.00 63 - 64 6,000 720.00 6,720.00 64 - 65 6,000 540.00 6,540.00 65 - 66 6,000 360.00 6,360.00 66 - 67 6,000 180.00 6,180.00 1 (12 SCHEDUTE 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 60 - 61 10 $1,000.00 $1,502.50 $2,502.50 61 - 62 11 - 12 2,000.00 1,475.00 3,475.00 62 - 63 13 - 14 2,000.00 1,420.00 3,420.00 63 - 64 15 - 16 2,000.00 1,365.00 3,365.00 64 - 65 17 - 18 2,000.00 1,310.00 3,310.00 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 - 23 - SCHEDUTF 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 60 - 61 10 $1,000.00 $ 735.00 $1,735.00 61 - 62 11 - 12 2,000.00 700.00 2,700.00 62 - 63 13 - 14 2,000.00 630.00 2,630.00 63 - 64 15 - 16 2,000.00 560.00 2,560.00 64 - 65 17 - 18 2,000.00 490.00 2,490.00 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 - 24 - I 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 60 - 61 11 - 13 $ 3,000.00 S 3,275.00 S 6,275.00 61 - 62 14 - 16 3,000.00 3,192.50 6,192.50 62 - 63 17 - 19 3,000.00 3,110.00 6,110.00 63 - 64 20 - 22 3,000.00 3,027.50 6,027.50 64 - 65 23 - 25 3,000.00 2,945.00 5,945.00 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 - 25 - SCHEDUTF OF REQUIREMENTS FOR DEBT SERVICE ETECTRIC 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 60 - 61 28 - 33 S 6,000.00 $7,097.50 $13,097.50 61 - 62 34 - 39 6,000.00 6,932.50 12,932.50 62 - 63 40 - 45 6,000.00 6,767.50 12,767.50 63 - 64 46 - 52 7,000.00 6,602.50 13,602.50 64 - 65 53 - 60 8,000.00 6,410.00 14,410.00 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 9,000.0o 5,502.5o 14,502.5o 69 - 7o 95 - 103 9,000.00 5,255.00 14,255.0o 70 - 71 104 - 112 9,000.0o 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 3,885.0o 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 14,535.0o 79 - 8o 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 -- 26 - ORDINANCE NO. 295 AN ORDINANCE ADOPTING A BUDGET FOR THE 1960-61 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, 1960, to June 30, 1961, was prepared and a public hearing held thereon as pre- scribed 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 27th day of June, 1960, A. D. APPROVED: S/Ernest Langford Mayor ATTEST: S/N. M. McGinnis City Secretary - 27 - ORDINANCE NO. 296 AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERN- MENT OF THE CITY OF COLLEGE STATION AND PROVIDING FOR THE INTEREST AND SINK- ING FUND FOR THE YEAR 1960-61 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 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 (51.50) on each One Hundred Dollar ($100.00) valuation of prop- erty, 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 Thirty-nine Cents ($1.39) on each One Hundred Dollar ($100.00) valuation of property, and (2) For the interest and sinking fund, Eleven Cents (11¢) of each One Hundred Dollar (S100.00) valuation of property to be appor • - tioned as follows: (a) Water and Sewer Bonds, Voted 1946, Nine Cents and Four Mills (0940) - (b) Electric Bonds, Voted 1946, One Cent and Six Mills (0160 . Section II. There is hereby levied and there shall be collected from every person, firm, association, or corporation pursuing any occu- pation taxed by the General Laws of the State of Texas, an annual occu- pation 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 appr.•o- priated 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 of Taxes and every person collecting money for the City of College Station 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. - 28 - Section IV. That this ordinance shall take effect and be in force 1 from and after its passage. H Passed and approved this the 27th day of June, 1960, A. D. APPROVED: S/Ernest Langford Mayor ATTEST: S/N. M. McGinnis City Secretary - 29 -