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Home My WebLink AboutFY 1958-1959 -- Approved Annual Budget BUDGET OF THE CITY OF COLLEGE STATION FISCAL YEAR JULY 1 , 1958 - JUNE 30, 1959 C X 1938 I <<, 01111'. T .,n�IjjIII Y D ° (I1II„,. COLLEGE STATION TABLE OF CONTENTS * * * * * * * * * * PART I PAGE City Officials 1 Analysia 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 TABLE OF CONTENTS (continued) PAGE PART IV WATER AND SEWER FUND Revenues 16 • Expenditures - Administrative 16 Operation 17 maintenance and Repairs 17 New Construction 18 Sewage Treatment 18 Debt Service 19 PART V CFMETERY 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 TABLE OF CONTENTS (continued) PAGE PART VI (continued) An Ordinance Adopting a Budget for the 1958-59 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 1958-59 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 680a-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, 1958 and ending June 30, 1959. The accounting system of your city conforms with the accounting pro- cedure recommended by the National Committee of Municipal Accountants. Anticipated revenues total $422, 380. 20 for the new year. This is an increase of $57,459.00 over the 1957-58 budget. Anticipated expenditures total $415,835.20, an increase of $56,948,80 over the 1957-58 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 $19,000.00 based on 95% collection of an assessed valuation of $4,000,000.00 with a tax rate of $1.50 per one hundred valuation, Other General Fund revenues will be increased $2,675.00 due to normal increases in franchise tax, court fines and garbage charge. The General Fund expenditures will be increased by approximately $49,000.00. This increase is due largely to an appropriation for the street department for the city's share of street reconstruction and main- tenance, as well as an appropriation for city planning. ELECTRIC FUND The revenues in the Electric Fund will be increased $16,000.00 due to normal increase in the sales of electric power. The expenditures will be increased $10,500.00 for the increase in the amount of power purchased and the increase in personnel. WATER AND SLIVER FUND The revenues in the Water and Sewer Fund will be increased $17, 700.00 due to the increase in water rates and the increase in sewer service connec- tions. The expenditures will be increased $2,000.00 due to the increase in the amount of water purchases. This budget covers the minimum requirements for this year's operation and it is believed that it provides for the best possible services for the health, happiness and welfare of our citizens consistent with the economic ability of the city. 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 L. J. McCall 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. O. 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 1947-48 $ .38 $ .36 $ .12 $ .14 $ $1.00 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 f 1951-52 .56 .28 .08 .08 1.00 N 1 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 1958-59 1.36 .11 .03 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 6-30-58 Collected Year Ending 1945 $1,569,471.00 $ .60 $ 9,416.83 $ 8,901.72 94.53 $ 9,408.90 99.91 6-30-46 1946 1,604,324.00 .60 9,625.94 9,392.64 97.58 9,610.23 99.83 6-30-47 1947 1,848,220.00 1.00 18,482.20 17,315.34 93.69 18,429.51 99.71 6-30-48 1948 1,898,765.00 1.00 18,987.65 18,137.42 95.52 18,950.46 99.80 6-30-49 M } 1949 2,045,910.00 1.00 20,459.10 18,839.50 92.08 20,416.66 99.72 6-30-50 1950 2,302,345.00 1.00 23,023.45 22,149.50 96.2 22,907.30 99.49 6-30-51 1951 2,427,455.00 1.00 24,274.55 23,281.05 96. 24,073.05 99.17 6-30-52 1952 2,695,530.00 1.00 26,955.30 25,885.22 96.03 26,710.80 99.09 6-30-53 1953 3,038,921.00 1.00 30,389.21 29,059.33 95.62 30,047.31 98.87 6-30-54 1954 3,155,159.00 1.00 31,551.59 30,268.62 95.93 31,100.26 98.57 6-30-55 1955 3,297,260.00 1.00 32,972.60 31,714.51 96.18 32,538.12 98.68 6-30-56 1956 3,594,733.00 1.00 35,947.33 35,143.05 97.76 35,544.50 98.88 6-30-57 1957 3,863,948.00 1.00 38,639.48 37,607.50 97.33 37,607.50 97.33 6-30-58 CITY OF COLLEGE STATION BUDGET DELINQUENT TAXES 1939 $ 28.98 1940 36.00 1941 27.52 1942 7.20 1943 6.50 1944 28.80 1945 7.93 1946 15.71 1947 52.69 1948 37.19 1949 42.44 1950 116.15 1951 201.50 1952 244.50 1953 341.90 1954 451.33 1955 434.48 1956 402.83 1957 1,031.98 $3,515.63 Less Reserve for Uncollectible Taxes 2,800.00 Taxes Receivable Net $ 715.63 - 4 - CITY OF COLLEGE STATION BUDGET ESTIMATED REVENUES & .EXPENDITURES ALL FUNDS FISCAL YEAR 1958 - 1959 Fund Revenue Expenditures Difference General $ 92,700,00 1178,555.00 $ 85,855,00 - Electric 208,000.00 134,590.00 73,410.00 + Water & Sewer 120,800.00 101,810.00 18,990.00 + Cemetery 880.20 880.20 $422,380.20 $415,835.20 $ 6,545,00 (Reserve) - 5 - CITY OF COLLEGE STATION BUDGET SUMMARY REVENUES & EXPENDITURES Estimated 1957-58 Proposed 1958-59 Revenues Expenditures Revenues Expenditures GENERAL FUND: Ad Valorem Tax $ 37,600.00 $ $ 58,700.00 $ All Other 31,325,00 34,000.00 Administrative 18,446.29 19,020.00 Police Department 21,280.69 24,267.00 Fire Department 6,700.00 7,850.00 Health Department 19,720.00 23,340.00 Street Department 39,336. 76 70,350.00 Miscellaneous 5,900.00 7,400.00 Recreation Fund 1,300,00 1,800.00 Equipment Replacement Fund 3,600.00 3,600.00 Area Planning 6,500,00 Contingent Fund 3,300.00 4,600.00 Retirement of Debt 9,911. 70 9,828.00 TOTAL GENERAL FUND :$ 68,925.00 $129,495.44 S 92,700.00 $178,555.00 ELECTRIC FUND: Administrative $ $ 7,476.62 $ $ 7,900.00 Operation 192,016.00 78,640.00 208,000,00 80,940,00 Maintenance & Repairs 10,050.00 13,250.00 New Construction 17,000.00 17,000.00 Debt Service 15,925.00 15,500.00 TOTAL ELECTRIC FUND $192,016.00 $129,091.62 $208,000.00 $134,590.00 WATER & SEWER FUND: Administrative $ $ 7, 310,00 $ $ 7,750.00 Operation 103, 100.00 41,610,00 120,800.00 42,960.00 Maintenance & Repairs 21, 561.39 22,900.00 New Construction 11,400,00 11,400.00 Sewage Treatment 5,280.00 5,700.00 General Equipment 302.35 Debt Service 12, 193.60 11,100.00 TOTAL WATER & SEWER FUND $103, 100.00 3 99, 657,34 $120,800.00 $101,810,00 CEMETERY FUND: Administrative $ $ 200.00 $ $ 300.00 Operation 880.20 880.20 Maintenance & Repairs 442.00 500.00 New Construction 80.20 TOTAL CEMETERY FUND $ 880.20 $ 642.00 $ 880.20 $ 880,20 $364,921.20 $358,886.40 $422, 380.20 $415,835.20 - 6 - ANNUAL BUDGET * * * * * * * * * * PART I I * * * * * * GENERAL FUND * * * * * * * * * * * DETAILED REV E N U E S, AND EXPENDITURES CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 REVENUES: Tax Revenue $ 35,143.05 $ 36,500.00 $ 57,600,00 Tax Revenue Delinquent 867.20 1,100.00 1, 100.00 Penalty & Int. on Delinquent Taxes 174.22 200.00 200.00 License 102.22 100.00 100,00 Occupational Taxes 699.18 700,00 700.00 Franchise Tax 4,977.15 5,000.00 5,500.00 Animal Licenses 361.75 375.00 400.00 Court Fines 2,577.50 3,500.00 4,000.00 Inspection Fees 1,000.00 850.00 850.00 Building Permits 747.50 600.00 1,200,00 Garbage Charge 18,881.25 19,200,00 20,000.00 Miscellaneous 932.04 800.00 800.00 Interest on Time Deposit 28.20 250.00 $ 66.491.26 $ 68.925.00 $ 92,700,00 - 7 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 EXPENDITURES: ADMINISTRATIVE: Profit and Loss $ $ $ Mayor and Council 110.25 100.00 100.00 Auditing and Legal 573.20 700.00 700.00 Director of Finance 1,360.00 1, 400,00 1,600.00 City Manager 2,583.34 2,800,00 3,000.00 Elections 67,37 100,00 100,00 Corporation Court Expense 300.00 600.00 600,00 Office Salaries 2,100,00 2,220.00 2,400,00 Other Office Expense 937.52 750.00 750.00 Tax Expense 398.22 300.00 300.00 Car Expense 116.88 100.00 100.00 League of Texas Municipalities 393,88 400.00 400.00 Capital Outlay 353,35 356.29 350.00 Special Engineering Service 3,477.67 5,000.00 5,000,00 Municipal Retirement 1,186.66 3,620.00 3,620.00 $ 13,958,34 $ 18,446.29 $ 19,020,00 - 8 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed . 1956-57 1957-58 1958-59 POLICE DEPARTMENT: Signs and Signals $ 1,431.25 $ 300.00 $ 600.00 City Pound Expense 12,00 12.00 12,00 Auto Maintenance 2, 217.59 2,200.00 2,200,00 Chief of Police Salary 3,840.00 3,960.00 4,800.00 Four Policemen 10,538.24 13,320,00 15,120.00 Capital Outlay 490,36 76.86 • Miscellaneous 991.78 756.83 750.00 Radio Service - City of Bryan 379.73 400.00 400.00 City's Share of School Patrolman 255,00 385.00 $ 19,900.95 $ 21,280,69 $ 24.267,00 FIRE DEPARTMENT: . Payment to A. & M. College 5 675.00 $ 650.00 $ 650.00 Cutting Grass & Trash Removal - Salaries & Equipment Expense 4,807.21 4,850,00 5,400.00 Firemen's Salaries 466.00 600.00 1,200.00 Insurance - Firemen and Fire Trucks 175.50 400.00 400,00 Miscellaneous Firemen Training School 117.50 150,00 150,00 Capital Outlay Fire Plug Rental 50.00 50.00 50,00 . $ 6, 291,21 S 6, 700,00 $ 7.850,00 - 9 - C I i'Y OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 HEALTH DEPARTMENT: Contribution to County Health Unit $ 3,029,59 $ 3, 600.00 $ 4, 200,00 Refuse Collection: Disposal Grounds 720.00 720.00 3,000.00 Salaries 11,843.13 12,500.00 13,440.00 Capital Outlay Mosquito Control 300.00 500.00 500,00 Truck Expense 1,663.14 2, 200.00 2,000.00 Miscellaneous 134,65 200,00 200.00 $ 17,690.51 $ 19,720.00 $ 23,340.00 STREET DEPARTMENT: Maintenance & Repairs: Salaries $ 11,396.26 $ 11,300.00 $ 13, 200.00 Material 6,870.13 10,000.00 10,000,00 Truck Expense 1,992,61 1,500.00 1,500,00 Warehouse Expense 144.65 150.00 150,00 New Construction: Material (Bridges) 500.00 500.00 Miscellaneous 15.00 Capital Outlay 3,525.12 City's Share of Paving 2,557.04 3,000.00 45,000,00 Engineering Services 11,755.48 Street Lighting 1,116.28 $ 26,485.81 $ 39.336.76 $ 70,350.00 - 10 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 MISCELLANEOUS: City's Share of Library Expense $ 400.00 $ 400,00 $ 400.00 Travel 1,453,62 1,500,00 1,500.00 Insurance and Bonds 1, 711.67 1,800.00 1,800.00 Miscellaneous 637.17 800.00 800,00 • Youth Developing Counseling Service 450.00 900,00 2,400,00 Maintenance and Repairs Bldg. 396.22 500.00 500.00 $ 5, 248,68 $ 5,900.00 $ 7,400.00 RECREATION FUND: Maintenance and Utilities - Parks $ 694,86 $ 300,00 $ 300,00 Recreation Council: Instructor 815.00 815.00 1,315,00 Equipment 185,00 185.00 185.00 1,694,86 $ 1.300.00 $ 1,800.0C EQUIPMENT REPLACEMENT FUND $ 2,400,00 $ 3,600,00 $ 3,600,00 AREA PLANNING $ $ $ 6,500.00 CONTINGENT FUND 3 3,000.00 $ 3,300.00 $ 4, 600,00 - 11 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 RETIREMENT OF DEBTS: Notes and Contracts: College Station State Bank $ 1,500.00 $ 1,500.00 $ 1,500.00 Interest - Notes and Contracts 116.00 115.00 120.00 1,616.00 $ 1,615.00 $ 1,620.00 BONDS AND WARRANTS: Public Building Warrants S 1,500.00 $ 1, 500.00 $ 1,500.00 Water and Sewer (1946) 4,000.00 4,000.00 4,000.00 Electric (1946) 1,000.00 1,000,00 1,000.00 Interest - Bonds and Warrants 1,992.29 1,771.25 1, 678.00 Commission Expense - Bonds 28,05 25.45 30.00 $ 8,520.34 $ 8,296.70 $ 8,208.00 31.06,806, 70 31.29,495.44 $178,555.00 - 12 - II I . • ANNUAL BUDGET * * * * * * * * * * PART III * * * * * * * UTILITY SEC T I O N * * * * * * * * * * * * ELECTRIC CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 REVENUES: Electric Sales $1'72,187.92 $190,000.00 $205,500.00 Penalties Collected 874.09 727.00 800,00 Temporary Services 400.00 Pole Rental Telephone Company 928.50 1,289,00 1,300.00 $173,990.51 $192,016.00 $208,000.00 EXPENDITURES: ADMINISTRATIVE: City Manager Salary $ 2,583,33 $ 2,800.00 $ 3,000.00 Director of Finance 1,360,00 1,400.00 1,600.00 Audit and Legal 537.22 700.00 700.00 Telephone and Utilities 968.03 900.00 900.00 Auto Expense 117,09 100.00 100.00 Capital Outlay 345. 33 326.62 350.00 Insurance 185.36 600,00 600.00 Office Supplies 937.59 650.00 650.00 $ 7,033.95 $ 7,476.62 $ 7,900.00 - 13 - CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 OPERATION: Salaries: Billing Clerk $ $ 1,050.00 $ 1,050.00 Clerk 1,230.00 1,290.00 1,140.00 Utility Clerk 1,290.00 1,350.00 1,800.00 Meter Reader 600.00 700.00 700.00 Special Engineering Service 750.00 750.00 750,00 Power Cost 71,294.00 73,000.00 75,000.00 Billing Cost 356.30 500.00 500.00 $ 75,520.30 $ 78,640.00 $ 80,940.00 MAINTENANCE & REPAIRS: Salaries $ 8,684.80 $ 8,500.00 $ 11, 700.00 Material 666.25 1,000.00 1,000.00 Truck Expense 452.48 400.00 400.00 Warehouse Expense 144.69 150.00 150.00 $ 9,948.22 $ 10,050.00 $ 13,250.00 NEW CONSTRUCTION: Salaries and Material $ 9,270.31 $ 6,000.00 $ 6,000.00 Meters 5,064.92 4,000.00 4,000.00 Transformers 6,974.06 7,000.00 7,000,00 General Equipment 176,42 $ 21,485.71 $ 17,000.00 $ 17,000.00 - 14 - CITY OF COLLEGE STATION BUDGET ELECTRIC FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 DEBT SERVICE: Debt Retirement: Interest & Sinking Fund Require- ments - Revenue Bond Series 1955 $ 15,500.00 $ 15,500.00 $ 15,500.00 Interest: Deposits 417.93 425.00 $ 15,917.93 $ 15,925.00 $ 15,500,00 $129,906.11 $129,091.62 $134,590.00 - 15 - • i ANNUAL BUDGET • * * * * * * * * * * PART IV * * * * * * UTILITY SEC T I O N * * * * * * * * * * * * WATER AND SEWER 1 CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1956-57 1957-58 1958-69 REVENUES: Water Sales $ 66,858,38 $ 68,000,00 $ 82,000.00 Sewer Sales 28,418.25 28,500,00 31,000.00 Total Water & Sewer Revenue $ 95,276.63 $ 96,500.00 $113,000,00 Tapping Fees - Water and Sewer $ 8,920.00 $ 6,000.00 $ 7,200.00 Customers Penalty 671.97 600.00 600.00 $ 9,591.97 $ 6,600.00 $ 7,800.00 $104:868.60 $103,100.00 $120,800.00 EXPENDITURES: ADMINISTRATIVE: City Manager Salary $ 2,583.29 $ 2,800.00 $ 3,000,00 Director of Finance 1,360.00 1,360.00 1,600.00 Audit and Legal 537.21 700.00 700.00 Telephone and Utilities 455.53 400.00 400.00 Auto Expense - City Manager 116,23 100.00 100.00 Capital Outlay 345.32 350.00 350,00 Insurance 326.39 900.00 900.00 Office Supplies 937,61 700.00 700.00 $ 6,661.58 $ 7, 310.00 $ 7,750.00 - 16 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 OPERATION: Salaries: Billing Clerk $ $ 1,050.00 $ 1,050.00 Clerk 1,230.00 1,290.00 1,140.00 Utility Clerk 1,290.00 1,350.00 1,800.00 Meter Reader 600.00 700.00 700.00 Water Cost 34,332.37 35,000.00 36,000,00 Billing Cost 356.30 500.00 500.00 Sewer Disposal Rent 270.00 270.00 270.00 Sewer Bed Expense 48.00 Sewer Rent - Bryan 1.,409,1.2 1,450.00 1,500.00 $ 39, 535.79 $ 41,610.00 $ 42,960.00 MAINTENANCE & REPAIRS: Water Lines: Salaries $ 8,695.38 $ 9,420.00 $ 10,560.00 Material 4,066.30 2,500.00 2,500.00 Warehouse Expense 144.69 100.00 100.00 Truck Expense 1,322.48 800.00 800.00 $ 14.228,85 $ 12,820.00 $ 13.960.00 Sewer Lines: Salaries $ 6,364.14 $ 7,100.00 $ 8,040.00 Material 57.48 841.39 100.00 Truck Expense 887.92 800.00 800.00 S 7, 309.54 $ 8, 741.39 $ 8,940.00 TOTAL MAINTENANCE & REPAIRS $ 21,538.39 $ 21, 561.39 $ 22,900.00 - 17 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1956-57 1957-58 1958.59 NEW CONSTRUCTION: Water: Salaries and Material $ 15, 789.29 $ 2,500.00 $ 2, 500.00 Meters 4, 731.91 4,500.00 4,500.00 Sewer: Salaries and Material 8, 902.86 2,000,00 2,000.00 Tapping Expense 2,227.98 2, 400.00 2,400.00 $ 31,712.04 $ 11,400.00 $ 11,400.00 SEWAGE TREATMENT: Salaries $ 2, 734.32 $ 3, 180.00 $ 3,600.00 Supplies 46.42 100.00 100.00 Maintenance: Buildings, Grounds & Equipment 362.59 500.00 500.00 Utilities 1,476.96 1,500.00 1,500.00 3 4,620.29 $ 5,280,00 $ 5,700,00 GENERAL EQUIPMENT $ 293,34 $ 302.35 - 18 - CITY OF COLLEGE STATION BUDGET WATER AND SEWER FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 DEBT SERVICE: Debt Retirement: Interest & Sinking Fund Require- ments - Revenue Bond - Series 1951 $ 4,500.00 $ 4,500.00 $ 4,500.00 Interest & Sinking Fund Require- ments - Revenue Bond - Series 1955 6,600.00 6,600.00 6,600.00 F. B. Clark (Refund on Utility Connection) 900.00 868.60 Interest: Deposit 201.61 225.00 $ 12, 201.61 $ 12,193.60 $ 11,100.00 $116, 563.04 $ 99,657.34 $101,810.00 - 19 - CITY OF COLLEGE STATION BUDGET CEMETERY FUND Actual Estimated Proposed 1956-57 1957-58 1958-59 REVENUES: Sale of Property $ 656.25 $ 600.00 $ 600.00 Opening Graves 250.00 200.00 200.00 Donations 50.00 25.00 25.00 Interest on Bonds 55.20 55.20 55.20 $ 1,011.45 $ 880.20 $ 880.20 EXPENDITURES: ADMINISTRATIVE: Perpetual Care Fund Transfer $ 194.10 3 200,00 $ 200.00 Capital Outlay 100.00 3 194.10 $ 200.00 $ 300.00 MAINTENANCE: Labor 3 $ 400.00 $ 400.00 Landscaping 155.20 42,00 100.00 Equipment Expense $ 155.20 $ 442.00 $ 500.00 NEW CONSTRUCTION: Material $ 172.11 $ $ 80.20 $ 521,41 $ 642,00 $ 880.20 - 20 - ANNUAL BUDGET * * * * * * * * * * PART VI * * * * * * STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQU I RE - hI E N T S FOR DEBT SERVICE • CITY OF COLLEGE STATION STATEMENT OF INDEBTEDNESS AS OF JUNE 30, 1958 Original Interest Amount Payments 1958-59 Date Debt Rate Unpaid Interest Principal NOTES & CONTRACTS: College Station State Bank 1954 $ 7,500.00 4% S 4,500.00 3 180.00 3 1,500.00 BONDS & WARRANTS: Water & Sewer (1946) 1946 85,000.00 2, 2 3/4, 3% 19,000.00 1,422.50 4,000.00 Electric (1946) 1946 15,000.00 2, 2 3/4% 4,000.00 110.00 1,000.00 Public Building (1947) 1947 20,978.00 3% 5,250.00 146.25 1,500.00 i Water Works & Sewer System 2 1/2, 2 3/4, Revenue Bonds (1951) 1951 60,000.00 3% 53,000.00 1,557.50 1,000.00 t Water Works & Sewer System Revenue Bonds (1951) 1951 30,000.00 3 1/2% 23,000.00 805.00 1,000.00 Water Works & Sewer System Revenue Bonds (1955) 1955 110,000.00 2 3/4, 3 1/2% 104,000.00 3,385.00 2,000.00 Electric Light & Power System Revenue Bonds (1955) 1955 265,000.00 3 1/4% 250,000.00 7,427.50 6,000.00 TOTAL PRESENT INDEBTEDNESS $593,478.00 $492,750.00 $ 15,033.75 3 18,000,00 SCHEDTLE OF REQUIREMENTS FOR DEBT SERVICE BONDS AND WARRANTS WATER & SEWER ELECTRIC PUBLIC BUILDING WARRANTS ANNUAL 1946 $85,000 1946 $15,000 1947 $20,978.60 TOTAL Fiscal Payments Payments Payments Year Principal Interest Principal Interest Principal Interest 58 - 59 $ 4,000 $ 1,422.50 $ 1,000 S 110.00 $ 1,500 $ 146.25 $ 8,178.75 59 - 60 5,000 1,312.50 1,000 82.50 1,500 101.25 8,996.25 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 7,326.25 62 - 63 6,000 900.00 6,900.30 63 - 64 6,000 720.00 6, 720.00 i N 64 - 65 6,000 540.00 6,540.00 N 65 - 66 6,000 360.00 6,360.00 i 66 - 67 6,000 180.00 6, 180.00 SCHEDULE OF RJR:lU i REMENTS FOR DEBT SERV ICE 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 58 - 59 8 :S 1,000.00 1 1,557.50 $ 2,557.50 59 - 60 9 1,000.00 1,530.00 2,530.00 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 - 12 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 - SCHEDULE OF RLQUIREMENTS 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 58 - 59 8 S 1,000,00 S 805.00 $ 1,805.00 59 - 60 9 1 ,000.00 770.00 1,770.00 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 2,000.0'") 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 - 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 58 - 59 7 - 8 $ 2,000.00 $ 3,385.00 $ 5, 385,00 59 - 60 9 - 10 2,000,00 3,330.00 5, 330.00 60 - 61 11 - 13 3,000,00 3,275.00 6, 275.00 01 - 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 0,000.00 314.50 9,314.50 - 25 - 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 58 - 59 16 - 21 $ 6,000.00 $ 7,427.50 $13,427.50 59 - 60 22 - 27 6,000.00 7,262.50 13,262.50 60 - 61 28 - 33 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 9,000.00 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 14,91O.00 83 - 84 252 - 265 14,000.00 505.00 14,505.00 - 26 - ORDINANCE NO. 264 AN ORDINANCE ADOPTING A BUIICQET FOR THE 1958-59 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, 1958, to June 30, 1959, 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 26th day of Dray, 1958, A. D. APPROVED: 3/Ernest Langford Mayor ATTEST: S/N, M. McGinnis City Secretary - 27 - ORDINANCE NO. 265 AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION AND PROVIDING FOR THE IN- TEREST AND SINKING FUND FOR THE YEAR 1958-59 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 fifty-eight 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 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 ($100.00) valuation of property to be ap- portioned as follows: (a) Water and Sewer Bonds, Voted 1946, Nine Cents (90). (b) Electric Bonds, Voted 1946, Two Cents (20) . 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 appro- 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 from and after its passage. Passed and approved this the 2Gth day of May, 1958. APPROVED: S/Ernest Lanffford Mayor ATTEST: S/N. M. McGinnis City Secretary 29 -