HomeMy WebLinkAboutFY 1981-1982 -- Comprehensive Annual Financial Report Cat
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Coke a Station, Texas
FINANCE DEPARTMENT
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/1
Annuai Financial
Report
GARY M. HALTER
For the Fiscal Year Ending MAYOR
June 30, 1982
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
JUNE 30, 1982
PREPARED BY
FINANCE DEPARTMENT
CITY OF COLLEGE STATION, TEXAS
CITY OF COLLEGE STATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 1982
TABLE OF CONTENTS
INTRODUCTORY SECTION: PAGE
Organization Chart 1
Principal City Officials 2
City Manager's Letter of Transmittal 3
Finance Director's Letter of Transmittal 5
Certificate of Conformance in Financial Reporting 10
FINANCIAL SECTION: EXHIBIT
Auditor's Opinion 12
General Purpose Financial Statements - Overview:
Combined Balance Sheet - All Fund Types and Account Groups. . . . 1 14
Combined Statement of Revenues, Expenditures, and Changes
in Fund Balances - All Governmental Fund Types and
Expendable Trust Funds 2 18
Combined Statement of Revenues, Expenditures, and Changes
in Fund Balances - Budget (GAAP Basis) and Actual -
General and Special Revenue Fund Types 3 20
Combined Statement of Revenues, Expenses, and Changes in
Retained Earnings/Fund Balances - All Proprietary Fund
Types and Similar Trust Funds 4 22
Combined Statement of Changes in Financial Position -
All Proprietary Fund Types and Similar Trust Funds 5 23
Notes to Financial Statements 24
STATEMENT/
FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS: SCHEDULE
General Fund
Statement of Revenues and Transfers - Estimated
and Realized A-1 41
Statement of Expenditures Compared with Appropriations A-2 43
Special Revenue Funds
Combining Balance Sheet B-1 52
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances B-2 53
i
CITY OF COLLEGE STATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 1982
TABLE OF CONTENTS
(CONTINUED)
STATEMENT/ PAGE
Revenue Sharing Fund SCHEDULE
Statement of Revenues, Expenditures, and Changes in
Fund Balance - Budget (GAAP Basis) and Actual B-3 54
Hotel/Motel Tax Fund
Statement of Revenues, Expenditures, and Changes in
Fund Balance - Budget (GAAP Basis) and Actual B-4 55
Debt Service Fund
Statement of Revenues, Expenditures, and Changes
in Fund Balance C-1 57
Capital Projects Funds
Combining Balance Sheet D-1 60
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balance D-2 64
Enterprise Funds
Combining Balance Sheet E-1 70
Combining Statement of Revenues, Expenses, and Changes
in Retained Earnings E-2 72
Combining Statement of Changes in Financial Position E-3 73
Utility Fund
Balance Sheet E-4 74
Statement of Revenues, Expenses and Changes in
Retained Earnings E-5 76
Statement of Revenues - Budget (Non-GAAP Budgetary
Basis) and Actual E-6 77
Statement of Expenses - Budget (Non-GAAP Budgetary
Basis) and Actual E-7 78
Schedule of Restricted Assets and Liabilities
Payable From Restricted Assets E-8 81
Schedule of Fixed Assets and Depreciation E-9 82
ii
CITY OF COLLEGE STATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 1982
TABLE OF CONTENTS
(CONTINUED)
STATEMENT/ PAGE
SCHEDULE
Schedule of Revenue Bond Debt E-10 84
Sanitation Fund
Balance Sheet E-11 86
Statement of Revenues, Expenses, and Changes in
Retained Earnings E-12 87
Statement of Expenses - Budget (Non-GAAP Budgetary
Basis) and Actual E-13 88
Fiduciary Funds
Combining Balance Sheet F-1 90
General Fixed Assets Account Group
Statement of General Fixed Assets G-1 93
Schedule of Changes in General Fixed Assets G-2 94
General Long-Term Debt Account Group
Statement of General Long-Term Debt H-1 97
Schedule of Tax Obligation Bond Debt H-2 98
Schedule of Other Tax Obligation Debt H-3 100
STATISTICAL SECTION: Table
General Governmental Expenditures and Other Uses by Function . I 103
General Revenues and Other Financing by Source II 104
Property Tax Levies and Collections III 106
Assessed and Estimated Actual Value of Taxable Property IV 108
Property Tax Rates, Ratios, and Levies - All
Overlapping Governments V 110
Ratio of Net General Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita VI 112
iii
CITY OF COLLEGE STATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 1982
TABLE OF CONTENTS
(CONTINUED)
STATISTICAL SECTION TABLE PAGE
Computation of Legal Debt Margin VII 114
Statement of Direct and Estimated Overlapping Debt VIII 115
Ratio of Annual Debt Service Expenditures for General
Obligation Debt to Total General Fund Expenditures IX 116
Schedule of Revenue Bond Coverage X 117
Bank Deposits XI 118
Construction Permits XII 119
Principal Taxpayers XIII 120
Miscellaneous Statistical Data XIV 121
iv
CITY OF COLLEGE STATION
ORGANIZATION CHART
JUNE 30, 1982
CITIZENS OF
COLLEGE STATION
MAYOR/CITY COUNCIL
{
CITY SECRETARY CITY MANAGER CITY ATTORNEY
ASSISTANT CITY MANAGER LEGAL
I I I I J I 1
Administrative Fiscal Public Police Fire Capital Parks
Services Administration Services Administration Administration Improvements Administration
' I I I f I I
1 -Personnel -Accounting -Streets -Uniformed -Fire -Engineering -Recreation
Bureau Operations Administration
1 -Energy -Tax -Garage -Investigation -Fire -Engineering -Aquatics
Prevention
-Civic Center -Utilities -Cemetery/Ground -Special -Ambulance -Planning -Parks
Maintenance Services Maintenance
-Purchasing -Elect. Transmission -Municipal -Building -Forestry
Court Inspection
-Warehouse -Elect. Distribution
-Data -Water Production
Processing
-Meter -Water Distribution
Service
-Sewer Treatment
-Sewer Collection
-Residential Collection
-Commercial Collection
-Landfill
CITY OF COLLEGE STATION
PRINCIPAL CITY OFFICIALS
JUNE 30, 1982
Mayor Gary M. Halter
Councilman - At Large Alvin Prause
Councilman - At Large Robert C. Runnels
Councilman - At Large Larry J. Ringer
Councilman - At Large Patricia B. Boughton
Councilman - At Large Tony Jones
Councilman - At Large Lynn Nemec
City Manager North Bardell
Assistant City Manager/Director of Finance A E Van Dever, Jr.
Tax Assessor/Collector Glenn Schroeder
Municipal Court Judge William W. Vance
City Attorney Lowell Denton
City Health Officer Dr T.O. Walton, Jr.
• - 2 -
070 City of College Station
POST OFFICE E3C)X 9960 1 101 TEXAS AVENI'L
COLLEGE STATION,TEXAS 77840
September 30, 1982
Honorable Mayor and
,Members of the City Council
City of College Station
Dear Council:
In accordance with the statutes of the State of Texas and local charter provisions,
I hereby transmit the annual financial report of the City of College Station as of
June 30, 1982 and for the fiscal year then ended. Responsibility for both the
accuracy of the data presented and the completeness and fairness of the presenta-
tion, including all disclosures, rests with the City. Management believes that the
data, as presented, is accurate in all material respects; that it is presented in a
manner designed to fairly set forth the financial position and results of operations
of the City as measured by the financial activity of its various funds; and that all
disclosures necessary to enable the reader to gain the maximum understanding of the
City's financial affairs have been included.
In developing and evaluating the City's accounting system, consideration is given to
the adequacy of internal accounting controls. Internal accounting controls are
discussed by the finance director in his accompanying letter of transmittal, and
within that framework, I believe that the City's internal accounting controls
adequately safeguard assets and provide reasonable assurance of proper recording of
financial transactions.
This report has been prepared following the guidelines recommended by the Municipal
Finance Officers Association of the United States and Canada. The Municipal Finance
Officers Association awards Certificates of Conformance to those governments whose
annual financial reports are judged to conform substantially with high standards of
public financial reporting including generally accepted accounting principles
promulgated by the National Council on Governmental Accounting. The City of College
Station was awarded a Certificate of Conformance for its fiscal year ending 1981 and
it is my belief that the accompanying fiscal year 1982 financial report will also
meet program standards.
In accordance with the above-mentioned guidelines, the accompanying report consists
of three parts:
1) Introductory section, including the finance director's letter of
transmittal.
- 3 -
Honorable Mayor and September 30, 1982
Members of the City Council Page 2
City of College Station
2) Financial section, including the financial statements and
supplemental data of the government accompanied by our independent
auditor's opinion.
3) Statistical section, including a number of tables of unaudited data
depicting the financial history of the government for the past ten
years, information on overlapping governments, and demographic and
other miscellaneous information.
The City Charter requires that the financial statements of the City of College
Station be audited by an independent Certified Public Accountant selected by the
City Council. This requirement has been complied with and our auditor's opinion is
included in the financial section of this report.
The preparation of this annual report could not have been accomplished without the
dedicated effort of the Director of Finance and his entire staff. Their efforts
toward upgrading the accounting and financial reporting system of the City of
College Station have led substantially to the improved quality of information being
reported to the City Council, myself, bond rating companies, state agencies and the
citizens of College Station.
Respectfully submitted,
1i. 1/ 1
/ /
r�
ORTH L
City anager
NB:dka
- 4 -
eval.:Af' City of College Station
POST OFFICE BOX 9960 1 101 TEXAS AVENUE
COLLEGE STATION,TEXAS 77840
September 30, 1982
Honorable Mayor, Members of the
City Council, and City Manager
City of College Station
The Comprehensive Annual Financial Report of the City of College Station, for
the fiscal year ended June 30, 1982, is submitted herewith. This report was pre-
pared by the City's Finance Department. Responsibility for both the accuracy of the
presented data and the completeness and fairness of the presentation, including all
disclosures, rests with the City. We believe the data, as presented, is accurate in
all material aspects; that it is presented in a manner designed to fairly set forth
the financial position of its various funds; and that all disclosures necessary to
enable the reader to gain the maximum understanding of the City's financial affairs
have been included.
Accounting System and Budgetary Control
In developing and evaluating the City's accounting system, consideration is
given to the adequacy of internal accounting controls. Internal accounting controls
are designed to provide reasonable, but not absolute, assurance regarding: (1) the
safeguarding of assets against loss from unauthorized use or disposition; and (2)
the reliability of financial records for preparing financial statements and main-
taining accountability for assets. The concept of reasonable assurance recognizes
that: (1) the cost of a control should not exceed the benefits likely to be
derived; and (2) the evaluation of costs and benefits requires estimates and judg-
ments by management.
All internal control evaluations occur within the above framework. We believe
that the City's internal accounting controls adequately safeguard assets and provide
reasonable assurance of proper recording of financial transactions.
Budgetary control is maintained at the subfunction level by the encumbrance of
estimated purchase amounts prior to the release of purchase orders to vendors.
Purchase orders which result in an overrun of subfunction balances are not released
until additional appropriations are made available. Open encumbrances are reported
as reservations of fund balance at June 30, 1982.
The Reporting Entity and Its Services
This report includes all of the funds and account groups of the City. It
includes all activities considered by the U.S. Bureau of Census to be part of
(controlled by or dependent on) the City.
- 5 -
Honorable Mayor, Members of the September 30, 1982
City Council, and City Manager Page 2
City of College Station
The City provides a full range of municipal services and products. These
include police and fire protection, streets, sanitation, health, art-cultural,
parks, public improvements, planning and zoning, general administrative services,
electrical, water and sewer systems.
General Governmental Function
Revenues and other financing sources for general governmental function totaled
$7,224,970 in 1982, an increase of 25.6 percent over 1981. General property taxes
produced 8.40 percent of general revenue as compared to 8.92 percent last year. The
amount of revenues from various sources and the change from the prior year are shown
in the following tabulation:
Increase
Percent (Decrease)
Revenue Source Amount Of Total From 1981
Property Taxes and Penalties $ 606,989 8.40 $ 93,875
Charges For Services 177,930 2.46 41,211
Fines and Forfeitures 418,371 5.79
11,735
City Sales Tax 1,794,603 24.84 249,733
Contribution From Enterprise Fund 2,719,534 37.64 541,431
Franchise Receipts 177,753 2.46 41,930
Miscellaneous Revenues and Other
Sources 1,329,790 18.41 494,850
Total $7.224.970 100.00% $1.474.765
Assessed valuations of 433. 1 million represented an increase of 116.0 million
over 1981. The major portion of this increase was due to growth in 1982 and the
assessment of property at 100% of market value as mandated by state law.
Current tax collections were 96.50 percent of the tax levy, up 0.80 percent
from last year. This is the sixth consecutive year in which current property tax
collections have exceeded 95 percent and is the eighth time in ten years collections
have exceeded this mark. Delinquent tax collections increased by more than $6,000
over 1981. The ratio of total collections (current and delinquent) to the current
tax levy was 100.46 percent, an increase of 1.01 percent when compared to last year.
Allocation of the property tax levy by purpose for 1982 and the preceding two fiscal
years are as follows (amounts per $100 assessed value) :
Purpose 1982 1981 1980
General Fund $. 1448 $.1697 $.1553
General Obligation Debt . 1652 .2203 .2347
Total Tax Rate $.3100 S.3900 $.3900
- 6 -
Honorable Mayor, Members of the September 30, 1982
City Council, and City Manager Page 3
City of College Station
Expenditures and other uses for general governmental purposes (General Fund and
Debt Service) totaled $8,492,036, an increase of 35.5 percent over 1981. Increases
in levels of expenditures for major functions of the City over the preceding year
are shown in the following tabulation:
Increase
Percent (Decrease)
Function Amount Of Total From 1981
General Government $2,694,409 31.73% $ 886,304
Police 1,651,836 19.45 455, 168
Fire 1,388,723 16.35 343,969
Streets 405,758 4.78 150,494
Parks 779,480 9. 18 138,983
Debt Service 1,571,830 18.51 249,523
Total $8.492,036 100.00% $2.224,441
Unreserved fund balances and retained earnings in the major operating funds
were maintained at adequate levels. The' General Fund balance of $2,816,888 was up
$473,482 from 1981; the Debt Service Fund balance of $812,717 was up $43,159 from
the prior year; and the $358,488 balance in the Special Revenue Funds was down
$89,761. Of the $683,738 balance in retained earnings of the Sanitation Fund,
$112,262 is the increase from operations in 1981. The Utility Fund retained earn-
ings increased $3,882,684.
Debt Administration
The ratio of net bonded debt to assessed valuation and the amount of bonded
debt per capita are useful indicators of the City's debt position to municipal
management, citizens and investors. These data for the City at the end of the 1982
fiscal year were as follows:
Ratio of Debt Debt
Ratio of Net Bonded to Present Per
Amount Debt to Assessed Value Market Value Capita
Net Direct
Bonded Debt $13,877,283 3.20% 3.20% $304.17
Outstanding general obligation bonds at June 30, 1982, totaled $14,690,000. In
addition, $2,274, 172 of long term notes and certificates are outstanding. For more
detailed information about the debt position of the City, please refer to the
statistical tables in the final section of this report.
The City's bonds continue to carry the same ratings which they have had for the
past few years. The ratings are as follows:
- 7 -
Honorable Mayor, Members of the September 30, 1982
City Council, and City Manager Page 4
City of College Station
Moody's Investors Service Standard & Poor's
General Obligation Bonds A-1 A+
Revenue Bonds A-1 AA-
Cash Management
Cash temporarily idle during the year was invested in time deposits ranging
form 30 to 365 days to maturity. All time deposits were in the the form of certifi-
cates of deposit. The average yield on maturing investments during the year was
15.9 percent, and the amount of interest earned was $1,849,461.
The City of College Station took bids in 1981 to determine which financial
institutions would serve as City Depositories. The funds were bid by groups:
operating, bond, and debt service funds. Very favorable results were achieved in
that all operating funds received a rate equal to a factor of 1.29 times the rate in
the Treasury bill yield column while all other funds received 1. 12 times the rate in
that column. Another significant gain is, on a weekly basis, all funds were
invested over the weekend per a repurchase agreement which is part of the Depository
Contract. During the twelve month period ended August 31, 1982, this repurchase
agreement earned interest income of $193,652.
Capital Project Funds
Proceeds of general obligation bond issues are accounted for in Capital Proj-
ects Funds until the projects are completed. These projects and construction in
progress at year end are capitalized in the General Fixed Assets group of accounts.
During 1982, projects costing $2,057,790 were completed.
Authorized but unissued bonds at June 30, 1982 totaled $7,090,000.
The Capital Project Fund balances on hand at June 30, 1982 totaled $4,318,784.
General Fixed Assets
The general fixed assets of the City are those fixed assets used in the perfor-
mance of general governmental functions and exclude the fixed assets of Enterprise
Funds. As of June 30, 1982 the general fixed assets of the City amounted to
$14,926,203. This amount represents the original cost of the assets and is consid-
erably less than their present value. Depreciation of general fixed assets is not
recognized in the City's accounting system.
Sanitation Fund
Net income for 1982 totaled $112,262, increasing retained earnings to $683,738.
This reserve will be used for major capital expenditures in future years.
Utility Fund
The City's utility operation continued to show gains in operating revenues,
numbers of customers, and net income. The debt service coverage remained steady at
4.75. Comparative data for the past two fiscal years are presented in the following
tabulation:
- 8 -
Honorable Mayor, Members of the September 30, 1982
City Council, and City Manager Page 5
City of College Station
1982 1981
Operating Revenues $16,549,721 $11,917,202
Operating Income $ 6,292,796 $ 3,372,521
Income Available for Debt Service $ 7,093,046 $ 3,942,350
Annual Debt Service $ 1,492,660 $ 812,578
Coverage (income available for debt
service divided by average annual debt) 4.75 4.85
During the year, $763,000 of regularly maturing revenue bonds were retired in
the Utility Fund. In addition, $356,750 of general obligation bonds, serviced with
earnings of the Utility activities, were retired.
Independent Audit
The City Charter requires an annual audit of the books of account, financial
records, and transactions of all administrative departments of the City by indepen-
dent certified public accountants selected by the City Council. This requirement
has been complied with and the auditor's opinion has been included in this report.
Certificate of Conformance
The Municipal Finance Officers Association of the United States and Canada (MFOA)
awarded a Certificate of Conformance in Financial Reporting to the City of College
Station, Texas for its comprehensive annual financial report for the fiscal year
ended June 30, 1981.
In order to be awarded a Certificate of Conformance, a government must publish an
easily readable and efficiently organized comprehensive annual financial report,
whose contents conform to program standards. Such reports must satisfy both
generally accepted accounting principles and applicable legal requirements.
A Certificate of Conformance is valid for a period of one year only. We believe our
current report continues to conform to Certificate of Conformance Program
requirements, and we are submitting it to MFOA to determine its eligibility for
another certificate.
Acknowledgements
The preparation of this report on a timely basis could not have been accom-
plished without the efficient and dedicated services of the entire staff of the
Finance Department. I would like to express my appreciation to all members of the
Department who assisted and contributed to its preparation. I would also like to
thank the Mayor, City Council and City Manager for their interest and support in
planning and conducting the financial operation of the City in a responsible and
progressive manner.
Re e lly S 'mitted,
A.E. V' D',ER, R.
Assistant :ty anag,
Director of F nance
AEV/of1
- 9 -
Certificate
of
Conformance
in Financial
Reporting
Presented to
City of
College Station , Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1981
A Certificate of Conformance in Financial Reporting is
presented by the Municipal Finance Officers Association
of the United States and Canada to governmental units
and public employee retirement systems whose comprehensive
annual financial reports (CAFR's) are judged to substantially
conform to program standards.
EOfF
a� FT F „
iUNITEDSTATES q
;i AND y 7.;,... ,.. .,..,
President
AOA ON J''oI
0-aCOOPOCANAATI
' l)CNIcAGD1O-%,7,--Z-1:1' Q1,0,14;34, 40
' / '
Executive Direct.
- 10 -
1300 11th Street, FNB Box 8001
First National Bank Building, Suite 500
Huntsville, Texas 77340-3896
ereford, Lynch •
(713) 295-5796
Certified Public Accountants • A Professional Corporation
September 30, 1982
•
Honorable Mayor, Members of the
City Council, and City Manager
City of College Station
We have examined the combined financial statements of the City of
College Station and its combining and individual fund financial
statements as of and for the year ended June 30, 1982, as listed
in the table of contents. Our examination was made in accordance
with generally accepted auditing standards and, accordingly,
included such tests of the accounting records and such other
1 auditing procedures as we considered necessary in the
circumstances.
In our opinion, the combined financial statements referred to
above present fairly the financial position of the City of College
Station at June 30, 1982, and the results of its operations and
the changes in financial position of its proprietary fund types
and similar trust funds for the year then ended, in conformity
with generally accepted accounting principles. Also, in our
1 opinion, the combining and individual fund financial statements
referred to above present fairly the financial position of the
1 individual funds of the City of College Station at June 30, 1982,
their results of operations, and the changes in financial position
of individual proprietary funds for the year ended, in conformity
with generally accepted accounting principles.
Our examination was made for the purpose of forming an opinion on
the combined financial statements taken as a whole and on the
combining and individual fund financial statements. The
accompanying financial information listed as supplemental
• schedules in the table of contents is presented for purposes of
additional analysis and is not a required part of the combined
financial statements of the City of College Station. The
1 information has been subjected to the auditing procedures applied
in the examination of the combined, combining, and individual fund
financial statements and, in our opinion, is fairly stated in all
material respects in relation to the combined financial statements
taken as a whole.
Other Locations:
Cleveland,Texas
Conroe,Texas
-
Houston,Texas - 12
Members of the American Institute of Certified Public Accountants
Honorable Mayor, Members of the September 30, 1982
City Council, and City Manager Page 2
Information contained in the statistical tables as listed in the table of contents
has not been subjected to the auditing procedures applied in the examination of the
combined, combining, and individual fund financial statements and therefore, we do
not express any opinion concerning them.
Respectfully Submitted,
HEREFORD, LYNCH & CO.. , P. C.
CANDYCE F. DIXON
Certified Public Accountant
CFD/ofl
- 13 -
CITY OF COLLEGE STATION
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1982 Exhibit 1
Page 1 of 2
Governmental Fund Types
Special Debt Capital
ASSETS General Revenue Service Projects
Cash on Hand and in Bank $ 279,059 $ 18,763 $ 10,354 $ 569,904
Certificates of Deposit 2,273,000 385,000 851,000 3,839,000
Receivables (Net, Where Applicable,
of Allowances for Uncollectibles) :
Delinquent Taxes 33,812 -0- 36,924 -0-
Accounts -0- -0- -0- -0-
Paving Assessments 385,484 -0- -0- -0-
Accrued Interest 40,816 3,122 8,256 62,357
Ambulance Services 7,656 -0- -0- -0-
Cemetery Plot Sales 2,918 -0- -0- -0-
Other 8,126 -0- -0- -0-
Due From Other Funds 331,348 -0- -0- 159,058
Due From Restricted Funds 384 -0- -0- 145,716
Due From Other Governments -0- 79,589 -0- 50,081
Inventories 47,432 -0- -0- -0-
Prepaid Expenses 45,434 -0- -0- -0-
Restricted Assets:
Cash in Bank -0- -0- -0- -0-
Certificates of Deposit -0- -0- -0- -0-
Accrued Interest Receivable -0- -0- -0- -0-
Due From Other Funds -0- -0- -0- -0-
Due From Restricted Funds -0- -0- -0- 1,008,270
Inventories -0- -0- -0- -0-
Fixed Assets -0- -0- -0- -0-
Accumulated Depreciation -0- -0- -0- -0-
Deferred Charges -0- -0- -0- -0-
Amount Available for Retirement of
General Long-Term Debt -0- -0- -0- -0-
Amount to be Provided for Retirement
of General Long-Term Debt -0- -0- -0- -0-
TOTAL ASSETS: $3.455.469 8486.474 $906.534 $5.834.386
See accompanying notes to financial statements.
- 14 -
Account Group
Proprietary Fiduciary General General
Fund Type Fund Type Fixed Long-Term Memorandum
Enterprise Trusts Assets Debt Totals
$ 303,921 $ 8,477 $ -0- $ -0- $ 1,190,478
1,000,000 24,000 -0- -0- 8,372,000
-0- -0- -0- -0- 70,736
1,067,231 -0- -0- -0- 1,067,231
-0- -0- -0- -0- 385,484
6,588 2,758 -0- -0- 123,897
-0- -0- -0- -0- 7,656
-0- -0- -0- -0- 2,918
-0- -0- -0- -0- 8,126
153,829 967 -0- -0- 645,202
423,013 -0- -0- -0- 569, 113
-0- -0- -0- -0- 129,670
791,178 -0- -0- -0- 838,610
38,631 -0- -0- -0- 84,065
740,434 -0- -0- -0- 740,434
7,054,000 -0- -0- -0- 7,054,000
134,495 -0- -0- -0- 134,495
326,049 -0- -0- -0- 326,049
1,733,895 -0- -0- -0- 2,742,165
2,398 -0- -0- -0- 2,398
30,883,999 -0- 14,926,203 -0- 45,810,202
(4,284,173) -0- -0- -0- (4,284,173)
598,536 -0- -0- -0- 598,536
-0- -0- -0- 812,717 812,717
-0- -0- 16,151,455 16,151,455
$40.974.024 $36.202 $14.926.203 $16.964.172 $83.583.464
- 15 -
CITY OF COLLEGE STATION
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1982 Exhibit 1
Page 2 of 2
Governmental Fund Types
Special Debt Capital
General Revenue Service Projects
LIABILITIES
Accounts Payable $ 26,874 $ 77,986 $ -0- $ 282,383
Sales Tax Payable -0- -0- -0- -0-
Contracts Payable -0- -0- -0- 9, 111
Retainage Payable - Contractors -0- -0- -0- 85,941
Due to Other Funds 73,328 50,000 55,524 261,425
Due to Restricted Funds 104,096 -0- -0- -0-
Matured Interest Coupons Payable -0- -0- 1,369 -0-
Liabilities Payable From Restricted Assets:
Construction Contracts and Retainages
Payable -0- -0- -0- -0-
Accrued Revenue Bond Interest Payable -0- -0- -0- -0-
Matured and Currently Maturing
Portion of Revenue Bonds -0- -0- -0- -0-
Due to Other Funds -0- -0- -0- 463,878
Due to Restricted Funds -0- -0- -0- 412,864
Customers' Meter Deposits -0- -0- -0- -0-
Refundable Deposits 12,069 -0- -0- -0-
Deferred Revenues 422,214 -0- 36,924 -0-
Revenue Bonds Payable (Net of Currently
Maturing Portion) -0- -0- -0- -0-
General Obligation Bonds Payable -0- -0- -0- -0-
Certificates of Obligation Payable -0- -0- -0- -0-
Notes Payable -0- -0- -0- -0-
Total Liabilities $ 638,581 $127,986 $ 93,817 $1,515,602
FUND EQUITY
Contributed Capital $ -0- $ -0- $ -0- $ -0-
Investment in General Fixed Assets -0- -0- -0- -0-
Retained Earnings:
Unreserved -0- -0- -0- -0-
Fund Balance:
Reserved for Encumbrances 3,593 -0- -0- 101,593
Reserved for General Fixed Assets 339,598 -0- -0- 3,460,776
Reserved for Utility Fixed Assets -0- -0- -0- 322,522
Reserved for Debt Service -0- -0- 812,717 -0-
Reserved for Firemen's Relief
& Retirement -0- -0- -0- -0-
Reserved for Cemetery Perpetual Care -0- -0- -0- -0-
Unreserved - Undesignated 2,473,697 358,488 -0- 433,893
Total Fund Equity $2,816,888 $358,488 $812,717 $4,318,784
TOTAL LIABILITIES AND FUND EQUITY: $3.455.469 $486.474 $906.534 $5.834.386
See accompanying notes to financial statements.
- 16 -
Account Groups
Proprietary Fiduciary General General
Fund Type Fund Type Fixed Long-Term Memorandum
Enterprise Trusts Assets Debt Totals
$ 38,410 $ -0- $ -0- $ -0- $ 425,653
22,568 -0- -0- -0- 22,568
-0- -0- -0- -0- 9,111
-0- -0- -0- -0- 85,941
204,925 -0- -0- -0- 645,202
221,953 -0- -0- -0- 326,049
-0- -0- -0- -0- 1,369
62,452 -0- -0- -0- 62,452
423,359 -0- -0- -0- 423,359
1, 188,000 -0- -0- -0- 1,188,000
105,235 -0- -0- -0- 569, 113
2,329,301 -0- -0- -0- 2,742,165
1, 163,054 -0- -0- -0- 1,163,054
-0- -0- -0- -0- 12,069
-0- -0- -0- -0- 459,138
14,654,714 -0- -0- -0- 14,654,714
-0- -0- -0- 14,690,000 14,690,000
-0- -0- -0- 2,238,843 2,238,843
-0- -0- -0- 35,329 35,329
$20,413,971 $ -0- $ -0- $16,964, 172 $39,754, 129
$ 9,381, 151 $ -0- $ -0- $ -0- $ 9,381,151
-0- -0- 14,926,203 -0- 14,926,203
11, 178,902 -•0- -0- -0- 11,178,902
-0- -0- -0- -0- 105, 186
-0- -0- -0- -0- 3,800,374
-0- -0- -0- -0- 322,522
-0- -0- -0- -0- 812,717
-0- 364 -0- -0- 364
-0- 35,838 -0- -0- 35,838
-0- -0- -0- -0- 3,266,078
$20,560,053 $36,202 $14,926,203 $ -0- $43,829,335
$40.974.024 $36.202 $14.926.203 $16.964. 172 $83.583.464
- 17 -
CITY OF COLLEGE STATION
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -
ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS
FOR THE YEAR ENDED JUNE 30, 1982
Exhibit 2
Governmental Fund Type
Special Debt Capital
REVENUES: General Revenue Service Projects
Taxes $ 2,659,464 $ 312,073 $ 687,154 $ -0-
Licenses 6, 183 -0- -0- -0-
Permits 290,848 -0- -0- -0-
Service Fees 14,950 -0- -0- -0-
Fines 403,421 -0- -0- -0-
Certificates 2,546 -0- -0- -0-
City Services Provided 177,930 -0- -0- -0-
Intergovernmental -0- 306,611 -0- 475,061
Penalty & Interest on
Delinquent Taxes -0- -0- 6,703 -0-
Miscellaneous 1,708,488 77,074 137,070 582,271
Total Revenues $ 5,263,830 $ 695,758 $ 830,927 $ 1,057,332
EXPENDITURES:
Current:
Administration $ 438,631 $ -0- $ -0- $ -0-
Finance 1,023,664 -0- -0- -0-
Public Service 844,474 -0- -0- -0-
Police 1,651,836 -0- -0- -0-
Fire 1,388,723 -0- -0- -0-
Engineering 653,154 -0- -0- -0-
Parks 779,480 -0- -0- -0-
Miscellaneous 15,856 -0- -0- -0-
Culture & Recreation -0- 226,336 -0- -0-
Debt Service:
Principal Retirement -0- -0- 856,343 -0-
Interest and Fiscal Charges -0- -0- 715,487 -0-
Capital Outlay -0- -0- -0- 3,695,143
Total Expenditures $ 6,795,818 $ 226,336 $1,571,830 $ 3,695, 143
• Excess (Deficiency) of
Revenues Over Expenditures $(1,531,988) $ 469,422 $ (740,903) $(2,637,811)
OTHER FINANCING SOURCES (USES) :
Proceeds From General
Obligation Bonds $ -0- $ -0-- $ -0- $ 4,205,000
Proceeds From Certificates
of Obligation 91,380 400,000 -0- -0-
Operating Transfers In 1,869,760 -0- 784,062 2,207,960
Operating Transfers Out (124,388) (959,183) -0- (1,384,911)
Total Other Financing
Sources (Uses) $ 1,836,752 $(559,183) $ 784,062 $ 5,028,049
Excess (Deficiency) of Revenues
and Other Financing Sources
Over Expenditures and
Other Uses $ 304,764 $ (89,761) $ 43,159 $ 2,390,238
Fund Balance at Beginning of
Year 2,343,406 448,249 769,558 1,928,546
Increase in Reserve for
Purchase of Fixed Assets 168,718 -0- -0- -0-
FUND BALANCE AT END OF YEAR: $ 2.816.888 $ 358.488 $ 812.717 $ 4.318.784
See accompanying notes to financial statements.
- 18 -
Fiduciary
Fund Type
Expendable Memorandum
Trust Totals
$ -0- $ 3,658,691
-0- 6, 183
-0- 290,848
-0- 14,950
-0- 403,421
-0- 2,546
-0- 177,930
-0- 781,672
-0- 6,703
5,581 2,510,484
$ 5,581 $ 7,853,428
$ -0- $ 438,631
-0- 1,023,664
-0- 844,474
-0- 1,651,836
-0- 1,388,723
-0- 653, 154
-0- 779,480
-0- 15,856
-0- 226,336
-0- 856,343
-0- 715,487
-0- 3,695, 143
$ -0- $12,289, 127
$ 5,581 $(4,435,699)
$ -0- $ 4,205,000
-0- 491,380
-0- 4,861,782
-0- (2,468,482)
$ -0- $ 7,089,680
$ 5,581 $ 2,653,981
30,257 5,520,016
-0- 168,718
$ 35.838 $ 8.342.715
- 19 -
CITY OF COLLEGE STATION
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -
BUDGET (GAAP BASIS) AND ACTUAL
GENERAL AND SPECIAL REVENUE FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 3
General Fund
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES:
Taxes $ 2,339,778 $ 2,659,464 $ 319,686
Licenses 3,835 6,183 2,348
Permits 121,200 290,848 169,648
Service Fees 9,000 14,950 5,950
Fines 420,000 403,421 (16,579)
Certificates 2, 150 2,546 396
City Services Provided 127,600 177,930 50,330
Intergovernmental -0- -0- -0-
Miscellaneous 1,454,212 1,708,488 254,276
Total Revenues $ 4,477,775 $ 5,263,830 $ 786,055
EXPENDITURES:
Current:
Administration $ 437,535 $ 438,631 $ (1,096)
Finance 1,042,690 1 ,023,664 19,026
Public Service 1,006,287 844,474 161,813
Police 1,664,898 1,651,836 13,062
Fire 1,509,959 1,388,723 121,236
Engineering 687,453 653,154 34,299
Parks 800,540 779,480 21,060
Miscellaneous -0- 15,856 (15,856)
Culture and Recreation -0- -0- -0-
• Total Expenditures $ 7, 149,362 $ 6,795,818 $ 353,544
Excess (Deficiency) of Revenues
Over Expenditures $(2,671,587) $(1,531,988) $1,139,599
OTHER FINANCING SOURCES (USES) :
Proceeds From Certificate of Obligation $ -0- $ 91,380 $ 91,380
Operating Transfers In 1,869,760 1,869,760 -0-
Operating Transfers Out (120,280) (124,388) (4,108)
Total Other Financing Sources (Uses) $ 1,749,480 $ 1,836,752 $ 87,272
Excess (Deficiency) of Revenues and
Other Sources Over Expenditures
and Other Uses $ (922,107) $ 304,764 $1,226,871
Fund Balance at Beginning of Year 2,343,406 2,343,406 -0-
Increase in Reserve for Purchase
of Fixed Assets -0- 168,718 168,718
FUND BALANCE AT END OF YEAR: S 1.421.299 $ 2.816.888 $1.395.589
See accompanying notes to financial statements.
- 20 -
Special Revenue Fund Memorandum Totals
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 255,000 $ 312,073 $ 57,073 $ 2,594,778 $ 2,971,537 $ 376,759
-0- -0- -0- 3,835 6,183 2,348
-0- -0- -0- 121,200 290,848 169,648
-0- -0- -0- 9,000 14,950 5,950
-0- -0- -0- 420,000 403,421 (16,579)
-0- -0- -0- 2,150 2,546 396
-0- -0- -0- 127,600 177,930 50,330
265, 100 306,611 41,511 265, 100 306,611 41,511
-0- 77,074 77,074 1,454,212 1,785,562 331,350
$ 520, 100 $ 695,758 $175,658 $ 4,997,875 $ 5,959,588 $ 961,713
$ -0- $ -0- $ -0- $ 437,535 $ 438,631 $ (1,096)
-0- -0- -0- 1,042,690 1,023,664 19,026
-0- -0- -0- 1,006,287 844,474 161,813
-0- -0- -0- 1,664,898 1,651,836 13,062
-0- -0- -0- 1,509,959 1,388,723 121,236
-0- -0- -0- 687,453 653,154 34,299
-0- -0- -0- 800,540 779,480 21,060
-0- -0- -0- -0- 15,856 (15,856)
204,767 226,336 (21,569) 204,767 226,336 (21,569)
$ 204,767 $ 226,336 $(21,569) $ 7,354, 129 $ 7,022,154 $ 331,975
$ 315,333 $ 469,422 $ 154,089 $(2,356,254) $(1,062,566) $1,293,688
$ 400,000 $ 400,000 $ -0- $ 400,000 $ 491,380 $ 91,380
-0- -0- -0- 1,869,760 1,869,760 -0-
(947,557) (959, 183) (11,626) (1,067,837) (1,083,571) (15,734)
$(547,557) $(559,183) $(11,626) $ 1,201,923 $ 1,277,569 $ 75,646
$(232,224) $ (89,761) $142,463 $(1,154,331) $ 215,003 $1,369,334
448,249 448,249 -0- 2,791,655 2,791,655 -0-
-0- -0- -0- -0- 168,718 168,718
$ 216.025 $ 358.488 $142.463 $ 1.637.324 $ 3.175.376 $1.538.052
- 21 -
CITY OF COLLEGE STATION
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND TYPES
AND SIMILAR TRUST FUNDS
FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 4
Fiduciary
Proprietary Fund
Fund Type
Utility Sanitation Pension Memorandum
Fund Fund Trust Totals
OPERATING REVENUES:
Charges for Services $16,549,721 $770,366 $ -0- $17,320,087
Contributions -0- -0- 15 15
Total Operating Revenues $16,549,721 $770,366 $ 15 $17,320,102
OPERATING EXPENSES:
Salaries and Benefits $ 950,587 $403,240 $ 3,900 $ 1,357,727
Supplies 313,530 24,177 -0- 337,707
Building Maintenance 140,401 -0- -0- 140,401
Equipment Maintenance 68,208 68, 108 -0- 136,316
Services 6,734,399 6,607 -0- 6,741,006
Sundry 25,100 6,323 -0- 31,423
Administrative Transfers 1,072,287 -0- -0- 1,072,287
Depreciation 800,250 127,967 -0- 928,217
Bad Debts 152,163 -0- -0- 152,163
Total Operating Expenses $10,256,925 $636,422 $ 3,900 $10,897,247
OPERATING INCOME: $ 6,292,796 $133,944 $(3,885) $ 6,422,855
NONOPERATING REVENUES (EXPENSES) :
Interest Earnings $ 857,926 $ 15,973 $ 35 $ 873,934
Miscellaneous Fees 2,999 15,580 -0- 18,579
Revenue Bond Interest (942,105) -0- -0- (942,105)
Amortization of Bond Issuance Costs (14,301) -0- -0- (14,301)
Total Nonoperating Revenues
(Expenses) $ (95,481) $ 31,553 $ 35 $ (63,893)
Income Before Operating
Transfers $ 6,197,315 $165,497 $(3,850) $ 6,358,962
Operating Transfers In (Out) (2,314,631) (53,235) 4, 108 (2,363,758)
NET INCOME: $ 3,882,684 $112,262 $ 258 $ 3,995,204
Retained Earnings/Fund Balances
at Beginning of Year 6,612,480 571,476 106 7,184,062
RETAINED EARNINGS/FUND BALANCES
AT END OF YEAR: $10.495,164 $683.738 $ 364 $11.179.266
See accompanying notes to financial statements.
- 22 -
CITY OF COLLEGE STATION
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS
FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 5
Fiduciary
Proprietary Fund
Fund Type Type
Utility Sanitation Pension Memorandum
Fund Fund Trust Totals
SOURCES OF WORKING CAPITAL:
Operations:
Net Income $ 3,882,684 $112,262 $258 $ 3,995,204
Items Not Requiring Working Capital:
Depreciation 800,250 127,967 -0- 928,217
Amortization of Deferred Charges 174,595 -0- -0- 174,595
Working Capital Provided by Operations $ 4,857,529 $240,229 $258 $ 5,098,016
Contributions from Local Government 1,311,028 -0- -0- 1,311,028
Issuance of Long-Term Debt 7,220,000 -0- -0- 7,220,000
Total Sources of Working Capital $13,388,557 $240,229 $258 $13,629,044
APPLICATIONS OF WORKING CAPITAL:
Acquisition of Property, Plant,
and Equipment $ 3,959,455 $ 51,701 $-0- $ 4,011,156
Reduction of Long-Term Debt 1,488,000 -0- -0- 1,488,000
Payment of Bond Issuance Costs 88,603 -0- -0- 88,603
Total Applications of Working
Capital $ 5,536,058 $ 51,701 $-0- $ 5,587,759
NET INCREASE IN WORKING CAPITAL: $ 7.852.499 $188.528 $258 $ 8.041.285
ELEMENTS OF NET INCREASE IN
WORKING CAPITAL:
Cash $ (42,777) (87,707) $258 $ (130,226)
Certificates of Deposit 800,000 75,000 -0- 875,000
Accounts Receivable 311, 144 1,782 -0- 312,926
Due from Other Funds (1,271,965) 68,493 -0- (1,203,472)
Inventories 316,041 6,470 -0- 322,511
Prepaid Expense 2,984 1,801 -0- 4,785
Restricted Assets 6,886,160 -0- -0- 6,886, 160
Accounts Payable 147,389 1,829 -0- 149,218
Sales Tax Payable 9,232 -0- -0- 9,232
Due to Other Funds 1,227,633 120,860 -0- 1,348,493
Liabilities Payable from
Restricted Assets (533,342) -0- -0- ( 533,342)
S 7.852.499 $188.528 $258 $ 8.041.285
See accompanying notes to financial statements
- 23 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 1 of 15
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The City of College Station was incorporated in October, 1938. The
City operates under a Council-Manager form of government and provides
the following services as authorized by its charter: public safety
(police and fire) , highways and streets, sanitation, utilities,
health and social services, culture-recreation, public improvement,
planning and zoning, and general administrative services.
The accounting policies of the City of College Station conform to
generally accepted accounting principles as applicable to
governments. The following is a summary of the more significant
policies:
A) FUND ACCOUNTING:
The accounts of the City are organized on the basis of funds and
account groups, each of which is considered a separate accounting
entity. The operations of each fund are accounted for with a
separate set of self-balancing accounts that comprise its assets,
liabilities, fund equity, revenues, and expenditures, or expenses,
as appropriate. Government resources are allocated to and
accounted for in individual funds based upon the purposes for
which they are to be spent and the means by which spending
activities are controlled. The various funds are grouped, in the
financial statements in this report, into six generic fund types
and three broad fund categories as follows:
Governmental Funds
General Fund - The General Fund is the general operating fund of
the City. It is used to account for all financial resources
except those required to be accounted for in another fund.
Special Revenue Funds - Special Revenue Funds are used to account
for the proceeds of specific revenue sources (other than special
assessments, expendable trusts, or major capital project) .
Debt Service Funds - Debt Service Funds are used to account for
the accumulation of resources for, and the payment of, general
long-term debt principal, interest, and related costs.
Capital Projects Funds - Capital Projects Funds are used to
account for financial resources to be used for the acquisition or
construction of major capital facilities (other than those
financed by proprietary funds) .
Proprietary Funds
Enterprise Funds - Enterprise Funds are used to account for
operations that are financed and operated in a manner similar to
private business enterprises - where the intent of the governing
body is that the costs (expenses, including depreciation) of
providing goods or services to the general public on a continuing
basis are to be financed or recovered primarily through user
charges.
- 24 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 2 of 15
Fiduciary Funds
Trust and Agency Funds - Trust and Agency Funds are used to account for
assets held by the City in a trustee capacity or as an agent for private
organizations and for other governments. These include Expendable Trust,
Nonexpendable Trust, Pension Trust, and Agency Funds. Nonexpendable
Trust and Pension Trust Funds are accounted for in essentially the same
manner as proprietary funds since capital maintenance is critical.
Expendable Trust Funds are accounted for in essentially the same manner
as governmental funds. Agency Funds are custodial in nature (assets
equal liabilities) and do not involve measurement of results of opera-
tions.
B) FIXED ASSETS AND LONG-TERM LIABILITIES:
The accounting and reporting treatment applied to the fixed assets and
long-term liabilities associated with a fund are determined by its
measurement focus. All governmental funds and expendable trust funds are
accounted for on a spending or "financial flow" measurement focus. This
means that only current assets and current liabilities are generally
included on their balance sheets. Their reported fund balance (net
current assets) is considered a measure of "available spendable re-
sources." Governmental fund operating statements present increases
(revenues and other financing uses) in net current assets. Accordingly,
they are said to present a summary of sources and uses of "available
spendable resources" during a period.
Fixed assets used in governmental fund type operations (general fixed
assets) are accounted for in the General. Fixed Assets Account Group,
rather than in governmental funds. Public domain ("infrastructure")
general fixed assets consisting of certain improvements other than
buildings, including roads, bridges, curbs and gutters, streets and
sidewalks, drainage systems, and lighting systems, are capitalized along
with other general fixed assets. No depreciation has been provided on
general fixed assets.
All fixed assets are valued at historical costs or estimated historical
cost if actual historical cost is not available. Donated fixed assets
are valued at their estimated fair value on the date donated.
Long-term liabilities expected to be financed from governmental funds are
accounted for in the General Long-Term Debt Account Group, not in the
governmental funds.
The two account groups are not "funds". They are concerned only with the
measurement of financial position. They are not involved with
measurement of results of operations.
- 25 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 3 of 15
Because of their spending measurement focus, expenditures
recognition for governmental fund types is limited to exclude
amounts represented by non-current liabilities. Since they do not
effect net current assets, such long-term amounts are not
recognized as governmental fund type expenditures or fund
liabilities. They are instead reported as liabilities in the
General Long-Term Debt Account Group.
All proprietary funds and nonexpendable trust and pension trust
funds are accounted for on a cost of services or "capital
maintenance" measurement focus. This means that all assets and all
liabilities (whether current or noncurrent) associated with their
activity are included on their balance sheets. Their reported fund
equity (net total assets) is segregated into contributed capital
and retained earnings components. Proprietary fund type operating
statements present increases (revenues) and decreases (expenses) in
net total assets.
• Depreciation of all exhaustible fixed assets used by proprietary
funds is charged as an expense against their operations.
Accumulated depreciation is reported on proprietary fund balance
sheets. Depreciation has been provided over the estimated useful
lives using the straight line method. The estimated useful lives
are as follows:
Utility Systems 25 - 40 Years
• Building & Improvements 5 - 50 Years
Equipment 3 - 10 Years
C) BASIS OF ACCOUNTING:
Basis of accounting refers to when revenues and expenditures or
expenses are recognized in the accounts and reported in the
financial statements. Basis of accounting relates to the timing of
the measurement made, regardless of the measurement focus applied.
All governmental funds and expendable trust funds are accounted for
using the modified accrual basis of accounting. Under the modified
accrual basis, revenues are recorded when susceptible to accrual,
i.e. , both measurable and available. Available means collectible
within the current period or soon enough thereafter to be used to
pay liabilities of the current period. Expenditures are generally
recognized under the modified accrual basis of accounting when the
• related fund liability is incurred. Exceptions to this general
rule include: (1) accumulated unpaid vacation and sick pay which
are not accrued; and (2) principal and interest on general
long-term debt which are not recognized when due.
- 26 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 4 of 15
In applying the susceptible to accrual concept to intergovernmental
revenues, the legal and contractual requirements of the numerous indi-
vidual programs are used as guidance. There are, however, essentially
two types of these revenues. In one, monies must be expended on the
specific purpose or project before any amounts will be paid to the City;
therefore, revenues are recognized based upon the expenditures recorded.
In the other, monies are virtually unrestricted as to purpose of expen-
diture and are usually revocable only for failure to comply with
prescribed compliance requirements. These resources are reflected as
revenues at the time of receipt or earlier if the susceptible to accrual
criteria are met.
Property tax revenues are recognized when levied. Abatements and
estimated uncollectibles are recorded as deferred revenue'.
Licenses and permits, charges for services (except utility and sanitation
services) , fines and forfeits, and miscellaneous revenues (except
investment earnings) are recorded as revenues when received in cash
because they are generally not measurable until actually received.
Charges for utility and sanitation services are recorded as revenues when
billed, except at year end when unbilled utility service receivables are
recorded. Investment earnings are recorded as earned since they are
measurable and available.
Paving assessments (included in general fund) are recorded as revenues
in the year the assessments are levied, even if payments are made in
annual installments. Annual installments not yet payable are reflected
as paving assessment receivables.
The accrual basis of accounting is used by the Proprietary Funds and
Non-expendable Trust and Pension Trust Funds. Their revenues are
recognized when they are earned, and their expenses are recognized when
they are incurred.
D) BUDGETS AND BUDGETARY ACCOUNTING:
The city follows these procedures in establishing the budgetary data
reflected in the financial statements:
1) Prior to June 1, the City Manager submits to the City Council a
proposed operating budget for the fiscal year commencing the follow-
ing July 1. The operating budget includes proposed expenditures and
the means of financing them.
2) All budget requests are compiled by the Finance Department and
presented to the Mayor and City Council for review together with
comparative and supporting data.
- 27 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 5 of 15
3) Public hearings are properly advertised and conducted at City
Hall for taxpayer comments.
4) Prior to June 28, the budget is legally enacted through
passage of an ordinance.
5) The City Manager is authorized to transfer budgeted amounts
between departments within any fund; however, any revisions
that alter the total expenditures of any fund must be approved
by the City Council. An amount is also budgeted each year for
contingencies which may arise. The City Manager is authorized
to make budget transfers of contingencies if the amount does
not exceed $2,000. Transfers in excess of $2,000 require
Council approval.
6) Over-expenditures are prohibited by Charter. Appropriations
which have not been expended or lawfully encumbered lapse at
the end of the budget year.
7) Formal budgetary integration is employed as a management
control device during the year for the General Fund, Special
Revenue Funds, and Enterprise Funds. Formal Budgetary
integration is not employed for Debt Service Funds and Capital
Project Funds because effective budgetary conirol is
alternatively achieved through general obligation bond
indenture provisions and legally binding construction
contracts, respectively.
8) Budgets for the General and Special Revenue Funds are adopted
on a basis consistent with generally accepted accounting
principles (GAAP) . Budgets for Enterprise Funds are utilized
• for planning, control and evaluation purposes. They are
adopted on basis consistent with GAAP except that bond
principal payments and fixed asset acquisitions are treated as
expenditures.
Budgeted amounts are as originally adopted, or as amended by the
City Council prior to June 28, 1982. Individual amendments were
not material in relation to the original appropriations which were
amended.
E) ENCUMBRANCES:
Encumbrance accounting, under which purchase orders, contracts,
and other commitments for the expenditure of monies are recorded
in order to reserve that portion of the applicable appropriation,
is employed as an extension of formal budgetary integration in the
General Fund, Special Revenue Funds and Capital Project Funds.
Encumbrances outstanding at year end are reported as reservations
of fund balances since they do not constitute expenditures or
liabilities.
- 28 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 6 of 15
F) INVESTMENTS:
Investments in time-deposit certificates are stated at cost. Amounts of
cash held in passbook savings accounts at year end are included as part
of the cash balance on the financial statements.
G) INVENTORY
Inventory is valued at cost (first-in, first-out) . Inventory in the
General and Enterprise Funds consists of expendable supplies held for
consumption. The cost is recorded as an expenditure at the time indi-
vidual inventory items are consumed.
H) ADVANCE TO OTHER FUNDS
Current portions of long-term interfund loans receivable (reported in
"Due from" asset accounts) are considered "available spendable
resources."
I) EMPLOYEE' RETIREMENT PLAN - CURRENT CITY EMPLOYEES
All City employees under age 55 who have at least ninety days of service
as a permanent, full-time City employee, are eligible for coverage under
the Texas Municipal Retirement System.
An amount equal to five percent of the employee's base salary is con-
tributed to the plan by the participant, and the City contributes an
amount equal to ten percent of the employee's base salary. Covered
employees do not become vested in program benefits until completing ten
years of service.
The plan is totally administered by the Texas Municipal Retirement
System. It covers numerous municipalities within the state.
Although the maximum contribution by the City of College Station is ten
percent of the employee's salary, the actual contribution percentage is
computed annually utilizing the unit cost method. The contribution made
during the fiscal year ended June 30, 1982 was $209,722.
According to actuarial valuations supplied by the Texas Municipal League,
the following is a statement of assets and liabilities of the City of
College Station's employee retirement plan on December 31, 1981:
Assets and Unfunded Accrued Liabilities
Assets Held by T.M.R.S. For Funding of Accrued Liabilities For:
a. Prior Service Benefits $ 126,559
b. Current Service Benefits 1,416,490
Unfunded Accrued Liabilities For:
a. Prior Service Benefits 447,799
b. Current Service Benefits 48,627
Total Assets and Unfunded Accrued Liabilities $2,039,475
- 29 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 7 of 15
Liabilities
Accrued Liabilities For Prior Service Benefits For:
a. Present Members $ 353,239
b. Annuitants 221,119
Accrued Liability For Current Service Benefits 1,465, 117
Total Liabilities $2.039.475
J) EMPLOYEES' RETIREMENT PLAN - FIREMEN'S RELIEF AND RETIREMENT
Prior to 1968, the City's firemen were all volunteers and the
firemen's facilities were maintained on the Texas A & M University
campus. In 1968, a full-time firemen force was hired by the City.
The State of Texas requires that all volunteer firemen who served
twenty years and reached the age of 55 years be paid a monthly
benefit (currently $25 per month) . Also, after their deaths, their
beneficiaries are to receive monthly benefits (currently $16.66 per
month) .
Prior to 1981, the state contributed fifty percent of the required
benefits to the City. However, beginning in the fiscal year ending
June 30, 1982, the state ceased making such contributions. As a
result, the City will now be responsible for one hundred percent of
the benefits paid.
The City maintains no list of future eligible recipients, but it is
estimated that there are less than five of the ex-volunteers who
will become eligible in the future. Therefore, the potential
liability for future benefit payments to these volunteer firemen is
an immaterial amount.
Presently, the benefits are funded out of the City's General Fund.
The contributions made by the City during the year ended June 30,
1982 equalled $3,900.
K) OTHER EMPLOYEE BENEFITS
Employees are credited with vacation at rates from ten to fifteen
days per year, depending upon length of service. Carry over of
unused vacation time from one year to the next is allowed for a
maximum of two years. If an employee terminates, he is compensated
for any accrued vacation not taken (up to the two year maximum) .
Employees are credited with sick leave at the rate of one day per
month and are allowed to accumulate up to 120 days. Payment for
unused accumulated sick leave is not made to employees by the City.
The City of College Station offers, as an additional benefit to
employees, a major medical and term life insurance plan. The
premium of full time employees with at least ninety days of service
is paid in full by the City. Employees may add any number of
dependents at their own cost.
- 30 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 8 of 15
At June 30, 1982 the liability for City employees' unpaid vacation and
sick leave was approximately $36,000 and $25,550, respectively, based
upon the salary and wage rates in effect at that date. This liability is
not included in the financial statements.
L) TOTAL COLUMNS ON COMBINED STATEMENT - OVERVIEW
Total columns on the Combined Statements - Overview are captioned
Memorandum Only to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present financial
position, results of operations, or changes in financial position in
conformity with generally accepted accounting principles. Neither are
such data comparable to a consolidation. Interfund eliminations have not
been made in the aggregation of this data.
NOTE 2 - PROPERTY TAX
Property taxes attach as an enforceable lien on property as of January 1.
Taxes are levied on and payable July 1. The City bills and collects its
own property taxes. City property tax revenues are recognized when levied
to the extent that they result in current receivables.
The City is permitted by the State of Texas to levy taxes up to $2.50 per
$100 of assessed valuation for general governmental services and for the
payment of principal and interest on long-term debt. The combined current
tax rate to finance general governmental services and payment of principal
and interest on long-term debt for the year ended June 30, 1982 was $.31
per. $100, which means that the City has a tax margin of $2. 19 per $100 and
could raise up to $9,483,876 additional a year from the present assessed
valuation of $433,053,691 before the limit is reached.
NOTE 3 - CHANGES IN GENERAL FIXED ASSETS
A summary of changes in general fixed assets follows:
Balance Balance
July 1, 1981 Additions Deletion June 30, 1982
Land $ 1,888,748 $ 48,643 $ -0- $ 1,937,391
Buildings & Improvements 2,606,813 806,916 -0- 3,413,729
Machinery, Tools, Equipment 1,338,687 396,294 -0- 1,734,981
Motor Vehicles 427,089 372,504 -0- 799,593
Parks & Recreation Equipment 1,461,377 564, 148 -0- 2,025,525
Paving Sidewalks & Streets 4,238,048 501,092 -0- 4,739, 140
Construction in Progress 409,240 197,535 (330,931) 275,844
Total $12,370,002 $2.887, 132 $(330.931) $14,926,203
Construction in progress is composed of work on several parks, work on the
new City Hall expansion, and street improvements. Deletions removed from
this account during the year were for street and park improvements that
were completed during the year.
- 31 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 9 of 15
A summary of proprietary fund type property, plant, and equipment at
June 30, 1982 follows:
Enterprise Fund
Utility Sanitation
Electric System $ 9,345,252 $ -0-
Water System 13,172,360 -0-
Sewer System 5,279,923 -0-
Automotive Equipment 514,250 247,063
Machinery, Tools, Equipment 356,565 439,222
Computer Equipment 152,882 -0-
Land 585,540 39,701
Construction in Progress 751,241 -0-
Total $30,158,013 $ 725,986
Less: Accumulated Depreciation (3,919,988) (364,185)
Net $26.238,025 $ 361.801
Construction In progress in the proprietary fund types consisted
mainly of work progressing on the City's PlePtric system. New
reservoirs and transmission lines were also under construction.
NOTE 4 - CHANGES IN LONG-TERM DEBT:
The following is a summary of general long-term debt transactions of
the City of College Station for the year ended June 30, 1982:
General Certificates
Obligation Revenue Notes Of
• Bonds Bonds Payable Obligation Total
Long Term Debt
Payable
July 1, 1981 $11,290,000 $ 9,384,000 $45,072 $ 208,000 $ 20,927,072
Add: Long Term
Debt Issued:
1981 1,500,000 3,000,000 -0- 4,500,000
1982 2,705,000 4,220,000 -0- 2,072,443 8,997,443
Less: Debt
Retired (805,000) (763,000) (9,743) (41,600) (1,619,343)
Long Term Debt
Payable
June 30, 1982 $14,690,000 $15,841.000 $35,329 $2,238.843 $32.805,172
Long-term debt at June 30, 1982 is comprised of the following
individual obligations:
General Obligation Bonds:
$840,000 1968 City Hall, Fire/Police Headquarters,
Street Improvements serial bonds due in annual
installments of $30,000 to $50,000 through
August 1, 1994 interest at 4.4 to 4.7 percent $ 550,000
- 32 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 10 of 15
$500,000 1971 Street Improvements serial bonds due in annual
installments of $25,000 through August 1, 1990; interest at
4.7 to 5.7 percent 225,000
$5,840,000 1976 Street Improvements; Electric, Water Works,
& Sewer Systems Improvements; Police, Fire, & Warehouse
Buildings; City Hall Expansion; Park Improvements; Civic
Center serial bonds due in annual installments of $275,000
to $300,000 through August 15, 1996; interest at 4.0 to 6.0
percent 4,465,000
$3,525,000 1978 Series I - Issue balance of 1976 authori-
zation (see above) ; serial bonds due in annual installments
of $175,000 to $200,000 through February 1, 1998; interest
at 4.8 to 6.0 percent 2,825,000
$3,020,000 1978 Series II - Street Improvements; Police,
Fire, Warehouse Buildings; Park Improvements serial bonds
due in annual installments of $150,000 to $170,000 through
May 15, 1999; interest at 5. 15 to 5.8 percent 2,570,000
$1,500,000 1981 Series - Street Improvements; Construct and
Purchase Public Buildings; Park Improvement serial bonds
due in annual installments of $150,000 through February 15,
1991; interest at 8.75 to 10.75 percent 1,350,000
$2,705,000 1982 Series - Street Improvements; Construct and
Purchase Public Buildings; Park Improvement serial bonds
due in annual installments of $230,000 to $275,000 through
February 15, 1992 at 9.75 to 11.75 percent 2,705,000
Total General Obligation Bonds $14,690,000
Revenue Bonds:
$333,000 1967 Water & Sewer System and Electric Light and
Power System Revenue Refunding Bonds; serial bonds due
in annual installments of $18,000 to $23,000 through
February 1, 1984 at 3.25 to 3.5 percent interest $ 46,000
$600,000 1967 Water and Sewer System and Electric
Light and Power System Revenue Bonds; serial bonds
due in annual installments of $30,000 through February
1, 1989 at 3.60 to 3.65 percent interest 215,000
$800,000 1971 Utility System Revenue Bonds; serial bonds
due in annual installments of $40,000 through February 1,
1991 at 5.0 to 5.9 percent interest 360,000
$500,000 1973 Utility System Revenue Bonds; serial bonds
due in annual installments of $25,000 through February 1,
1993 at 5.0 to 5.5 percent interest 275,000
- 33 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 11 of 15
$3,000,000 1976 Utility System Revenue Bonds; seri-
al bonds due in annual installments of $150,000 to
$200,000 through February 1, 1997 at 4.0 to 6.0
percent interest 2,400,000
$6,145,000 1979 Utility System Revenue Bonds; seri-
al bonds due in annual installments of $200,000 to
$475,000 through February 1, 1998 at 5.25 to 7.25 5,625,000
$3,000,000 1981 Utility System Revenue Bonds, seri-
al bonds due in annual installments of $300,000
through February 1, 1991 at 8.50 to 10.50 percent
interest 2,700,000
$4,220,000 1982 Utility System Revenue Bonds, seri-
al bonds due in annual installments of $395,000 to
$425,000 through February 1, 1992 at 10.00 to
12.00 percent interest 4,220,000
Total Revenue Bonds $15,841,000
Notes Payable:
$6,143 note dated March 28, 1978 for purchase of
xerox copy machine; Monthly payments of $98 re-
quired through May 1, 1983; interest at 5 per-
cent $ 1,081
$68,498 note dated April 17, 1978 to Liddie B.
Arnold for purchase of park land; Annual pay-
ments of $8,562 required through April 17, 1986
at 7 percent interest 34,248
Total Notes Payable $ 35,329
Certificates of Obligation:
$208,000 for purchase of sanitary landfill site
dated June 8, 1981; annual payments of $41,600 re-
quired through June 8, 1986 at 5.97 percent inter-
est $ 166,400
$284,063 for a sewage treatment plant dated July 24,
1981; annual payments of $28,406 required through
July 24, 1991 at 9.25 percent interest 284,063
$1,297,000 for purchase of site for sewage treat-
ment plant dated July 15, 1981; annual installment
payments of $173,642 (which include 12 percent in-
terest totaling $895,759) required through July 15,
1987 with a balloon payment of $1,289,016 due
July 15, 1988 (which includes $138,109 of interest) 1,297,000
$400,000 for College Station Civic Center dated
October 23, 1981; annual payments of $40,000
required through October 23, 1991 at 11.00 per-
cent interest 400,000
- 34 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 12 of 15
$91,380 for purchasing a motor grader dated
November 30, 1981; annual payments of $18,276
required through November 13, 1986 at 9.45
percent interest 91,380
Total Certificates of Obligation $ 2,238,843
TOTAL LONG-TERM DEBT AT JUNE 30, 1982 $32.805.172
Bonds authorized and unissued at June 30, 1982 is comprised of the following
individual issues:
General Obligation Bonds:
$500,000 of 1976 Series for construction of Civic Center
$6,590,000 of 1981 Series for street improvements, city hall building,
park improvements, and park land acquisition
Revenue Bonds:
$9,325,000 of 1981 Series Utility System Revenue Bonds
The annual requirements to amortize all debt outstanding as of June 30,
1982 including interest payments of $16,281,475 are as follows:
Year General Certificates
Ending Obligation Revenue Notes Of
June 30 Bonds Bonds Payable Obligation Total
1983 $ 2,014,161 $ 2,410,048 $12,337 $ 390,769 $ 4,827,315
1984 1,993,846 2,333,516 10,360 379,532 4,717,254
1985 1,919,268 2,247,483 9,761 368,293 4,544,805
1986 1,841,773 2, 156,926 9, 161 357,055 4,364,915
1987 1,760,323 2,080,606 -0- 304,216 4,145,145
1988 1,683,253 2,005,788 -0- 277,186 3,966,227
1989 1,610, 148 1,902,721 -0- 1,385,532 4,898,401
1990 1,532,240 1,768,976 -0- 89,489 3,390,705
1991 1,454,273 1,664,401 -0- 82,461 3,201,135
1992 1,199,833 1,268,300 -0- 75,434 2,543,567
1993 862,368 763,050 -0- -0- 1,625,418
1994 831,935 731,450 -0- -0- 1,563,385
1995 796,385 699,300 -0- -0- 1,495,685
1996 711,710 691,400 -0- -0- 1,403, 110
1997 682,710 657,000 -0- -0- 1,339,710
1998 378,410 501,600 -0- -0- 880,010
1999 179,860 -0- -0- -0- 179,860
$21.452.496 $23,882,565 $41.619 $3.709.967 $49.086.647
- 35 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 13 of 15
$812,717 is available in the Debt Service Fund to service the General
Obligation Bonds, Certificates of Obligation, and notes payable.
General obligation bond ordinances require that during the period in
which the bonds are outstanding, the City must create and maintain
interest and sinking funds to be used for servicing their retirement.
Further requirements call for a continuing direct ad valorem tax upon
all taxable property, to be levied and collected, sufficient to pay
current interest and to create a sinking fund of not less than two
percent (2) of the principal amount of outstanding bonds, or of not
less than the amount required to pay the principal payable out of
said tax, whichever is greater.
City Ordinance No. 1026 adopted June 26, 1976 further required that
the City Council consider applying net revenues from the Utility Fund
to the retirement of that portion of General Obligation Bonded
Indebtedness used to finance Utility System Construction before
levying a tax for that purpose. During the past fiscal year, Council
chose to effectively appropriate earnings for that purpose by
adopting a budget for the Utility Fund that included a transfer to
the debt service for retirement of General Obligation Bonded
Indebtedness.
Revenue bond ordinances require creation of Bond Funds (interest and
sinking funds) into which the Utility Fund deposits 100 percent of
the amount required to meet the interest and principal payments
falling due on or before the next maturity date of the bonds. In
addition, the Utility Fund is required to pay into the Bond Funds
twenty percent (20%) of the above required amount annually until such
time as there is in the Bond Funds an amount sufficient to meet the
interest and principal payments falling due on or before the next
maturity date of the bonds plus the interest and principal payments
on the bonds for one year thereafter. As of June 30, 1982, the
•
revenue bond sinking funds required by these ordinances were
underfunded $617,663.
NOTE 5 - PREPAID WATER COSTS:
On November 8, 1978, the City entered into an agreement with Texas A
& M University (TAMU) , whereby the City would construct water system
improvements for TAMU. This water system provides the City with an
additional water source until its own system can be constructed,
beginning January 25, 1979, not to exceed a period of five (5) years.
The costs of the system are being repaid by TAMU at a rate of $0.20
(twenty cents) per 1,000 gallons of City water usage. Termination of
the agreement provides for absolute title to the system to be
conveyed to TAMU by the City. A summary of the unrecovered cost of
the water system at June 30, 1982 is as follows:
Total Project Costs $1,167,075
Less Accum. Water Usage Credits 716,905
Prepaid Water Costs June 30, 1982 S 450,170
•
- 36 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 14 of 15
NOTE 6 - LITIGATION:
The City is contingently liable in respect of law suits and other claims in
the ordinary course of its operations. The settlement of such contin-
gencies under the budgetary process would require appropriation of revenues
for liabilities yet to be realized. The City attorney estimates that the
potential claims against the City not covered by insurance resulting from
such litigation would not materially affect the financial statements of the
City.
NOTE 7 - CONTINGENT LIABILITIES:
The City of College Station participates in a number of federally assisted
grant programs, principal of which are the General Revenue Sharing and
Community Development Block Grant programs. These programs are subject to
program compliance audits by the grantors or their representatives. The
audits of these programs for or including the year ended June 30, 1982 have
not yet been concluded. Accordingly, the City's compliance with applicable
grant requirements will be established at some future date. The amount, if
any, of expenditures which may be disallowed by the granting agencies
cannot be determined at this time although the City of College Station
expects such amounts, if any, to be immaterial.
NOTE 8 - CAPITAL PROJECT FUND DEFICITS:
The deficits of the Capital Project Funds (Community Center - $3,602 and
Certificates of Obligation - $212,725) arise because of the application of
generally accepted accounting principles to the financial reporting for
such funds. Certificate of Obligation proceeds used to finance con-
struction in the Certificate of Obligation Fund will be recognized as an
"other financing source" when received. The City did not receive these
funds until after the close of the fiscal year. Nevertheless, liabilities
were incurred and accrued as of June 30, 1982. The Community Center
project is financed by operating transfers from the hotel/motel tax special
revenue fund. Transfers will be recognized as an other financing source
when received, however, liabilities as of June 30 were accrued. The
deficits of both funds will be reduced and eliminated as other financing
sources are received.
NOTE 9 - OTHER REQUIRED INDIVIDUAL FUND DISCLOSURES:
Generally accepted accounting principles require disclosures, as a part of
the combined statements - overview, of certain information concerning
individual funds including:
A) Segment information for certain individual Enterprise Funds. The
City of College Station maintains two enterprise funds: the Utility
Fund to account for revenues and expenses related to the operation
and maintenance of the water, sewer, and electric systems of the
City; and the Sanitation Fund to account for all sanitation
collection and disposal activities provided by the City. Net working
- 37 -
CITY OF COLLEGE STATION
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1982 Page 15 of 15
capital for the Utility Fund is $2,919,697 and for the Sanitation
Fund is $376,838. Total assets for the Utility Fund is $40,230,317
and for the Sanitation Fund is $743,707. Long-term portion of
bonds payable from operating revenues of the Utility Fund are
$14,654,714. The Sanitation Fund does not have any long-term
liabilities. All other segment information required is effectively
met in this report by Exhibits 4 and 5, and Notes 3 and 4.
B) Summary disclosures of debt service requirements to maturity for
all types of outstanding debt. This requirement is met by Note 4.
C) Summary disclosures of changes in general fixed assets by major
asset class. This requirement is met by Note 3.
• D) Summary disclosures of changes in general long-term debt. This
requirement is met by Note 4.
E) Excesses of expenditures over appropriations in individual funds.
Revenue sharing expenditures of $72,618 exceeded appropriations of
$47,587.
F) Deficit fund balances or retained earnings balances of individual
funds. This requirements is met by Note 8. No funds, other than
Capital Project Funds, reflected such balances at June 30, 1982.
G) Individual fund interfund receivable and payable balances. Such
balances at June 30, 1982 were:
Interfund Interfund
Receivables Payables
General Fund $331,348 $ 73,328
Special Revenue Fund:
Hotel/Motel Tax Fund -0- 50,000
Debt Service Fund -0- 55,524
Capital Project Funds:
Community Development Fund -0- 43,793
Computer Project Fund -0- 4,907
Cert. of Obligation Fund -0- 212,725
Planning Project 10,871 -0-
Capital Acquisitions 82,479 -0-
Pro Rata Sewer 65,708 -0-
Enterprise Funds:
Utility Fund 39,081 201,644
Sanitation Fund 114,748 3,281
Expendable Trust Fund:
Cemetery - Perpetual Care 967 -0-
$645.202 $645.202
- 38 -
FINANCIAL STATEMENTS
OF
INDIVIDUAL FUNDS
GENERAL FUND
To account for all financial resources traditionally
associated with governments which are not required to
be accounted for in another fund.
•
- 40 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF REVENUES AND TRANSFERS - ESTIMATED AND REALIZED
FOR THE YEAR ENDED JUNE 30, 1982 A-1
Page 1 of 2
Variance,
Favorable
Estimated Realized (Unfavorable)
TAXES
Current Ad Valorem $ 567,778 $ 577,499 $ 9,721 .
Delinquent Ad Valorem 17,500 22,782 5,282
Tax Penalty and Interest 3,500 6,708 3,208
Franchise Taxes 147,000 177,753 30,753
Mixed Drinks Tax 54,000 80,119 26,119
Sales Tax 1,550,000 1,794,603 244,603
Total Taxes $ 2,339,778 $ 2,659,464 $ 319,686
LICENSES:
Electricians $ 1,200 $ 2,152 $ 952
Animal 375 380 5
Taxi 60 75 15
Game Machine 2,200 3,576 1,376
Total Licenses $ 3,835 $ 6,183 $ 2,348
PERMITS:
Builder $ 80,000 $ 189,003 $ 109,003
Electrical 13,000 39,059 26,059
Plumbing 24,000 49,578 25,578
Mixed Drink -0- 3,459 3,459
Health 4,200 7,906 3,706
Gas and Oil Drilling -0- 1,332 1,332
Child Care -0- 340 340
Garage Sale -0- 171 171
Total Permits $ 121,200 $ 290,848 $ 169,648
SERVICE FEES:
Court Cost $ 5,500 $ 5,946 $ 446
Pound 3,500 9,004 5,504
Miscellaneous -0- -0- -0-
Total Service Fees $ 9,000 $ 14,950 $ 5,950
FINES:
Municipal Court $ 420,000 $ 400,906 $ (19,094)
Liability Insurance Fines -0- 2,515 2,515
Total Fines $ 420,000 $ 403,421 $ (16,579)
CERTIFICATES:
Birth & Death $ 150 $ 166 $ 16
Tax 2,000 2,380 380
Total Certificates $ 2,150 $ 2,546 $ 396
See accompanying notes to financial statements.
- 41 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF REVENUES AND TRANSFERS - ESTIMATED AND REALIZED
FOR THE YEAR ENDED JUNE 30, 1982 A-1
Page 2 of 2
Variance,
Favorable
Estimated Realized (Unfavorable)
CITY SERVICE PROVIDED:
Contributions from County for Fire $ 1,500 $ 3,384 $ 1,884
Ambulance Service 20,000 36, 170 16, 170
Sale of Ordinances 600 2,813 2,213
Art and Cultural Program -0- 1,241 1,241
Adamson Pool Admission 20,000 19,132 (868)
Adamson Pool Concessions 1,000 5,509 4,509
Adamson Pool Instruction 14,000 19,025 5,025
Thomas Pool Admission 16,000 24,538 8,538
Thomas Pool Concessions 2,000 3,238 1,238
Thomas Pool Instruction 2,000 1,752 (248)
Central Park Revenues 15,000 22,158 7, 158
Adult Sports Program 23,000 23,901 901
Youth Sports Program 4,500 5,958 1,458
Sale of Cemetery Plots 8,000 9, 111 1, 111
Total City Services Provided $ 127,600 $ 177,930 $ 50,330
MISCELLANEOUS:
Transfer from Utility Fund -
Administrative Costs $ 1,072,287 $ 1,072,287 $ -0-
Grant Reimbursements 45,000 37,702 (7,298)
Paving Assessments 40,000 64,552 24,552
Earnings on Investments 50,000 274,716 224,716
Sale of City Equipment 204,968 204,968 -0-
Use of City Forces -0- 1,053 1,053
Park Fees 6,500 13,668 7,168
Contingency 25,457 -0- (25,457)
Other Revenues 10,000 39,542 29,542
Total Miscellaneous $ 1,454,212 $ 1,708,488 $ 254,276
TOTAL REVENUES: $ 4,477,775 $ 5,263,830 $ 786,055
OTHER FINANCING SOURCES:
Proceeds from Certificate of Obligation $ -0- $ 91,380 $ 91,380
From Utility Fund 1,647,247 1,647,247 -0-
From Revenue Sharing Fund 222,513 222,513 -0-
Total Transfers $ 1,869,760 $ 1,961,140 $ 91,380
TOTAL GENERAL FUND REVENUES AND OTHER
FINANCING SOURCES: $ 6.347.535 $ 7.224.970 $ 877.435
See accompanying notes to financial statements.
- 42 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 1 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
ADMINISTRATION:
Administration / City Manager:
Salaries & Benefits $ 225,009 $ 220,093 $ 4,916
Supplies 10,233 9,071 1,162
Equipment Maintenance 2,288 1,705 583
Services 117,184 116,388 796
Sundry 5,066 5,046 20
Capital Outlay - Buildings 91 63 28
Capital Outlay - Equipment 16,170 15,956 214
Capital Outlay - Motor Vehicles 10,245 10,245 -0-
Total Administration/City Manager $ 386,286 $ 378,567 $ 7,719
Personnel:
Salaries & Benefits $ 41,559 $ 39, 120 $ 2,439
Supplies 1,584 1,067 517
Equipment Maintenance 235 8 227
Services 3,556 3,424 132
Sundry 3, 130 3,070 60
Capital Outlay - Equipment 1,185 1,160 25
Total Personnel $ 51,249 $ 47,849 $ 3,400
Civic Center:
Salaries & Benefits $ -0- $ 2,727 $ (2,727)
Sundry -0- 9,488 (9,488)
Total Civic Center $ -0- $ 12,215 $ (12,215)
TOTAL ADMINISTRATION: $ 437,535 $ 438,631 $ (1,096)
FINANCE:
Fiscal Administration:
Salaries & Benefits $ 64,809 $ 62,982 $ 1,827
Supplies 10,850 10,807 43
Equipment Maintenance 773 610 163
Services 16,850 16,243 607
Sundry 776 763 13
Capital Outlay - Equipment 50 -0- 50
Total Fiscal Administration $ 94,108 $ 91,405 $ 2,703
Accounting:
Salaries & Benefits $ 107,176 $ 105,111 $ 2,065
Supplies 2,999 2,921 78
Equipment Maintenance 256 142 114
Services 63,519 62,006 1,513
Sundry 900 848 52
Capital Outlay - Equipment 1,222 1,221 1
Total Accounting $ 176,072 $ 172,249 $ 3,823
See accompanying notes to financial statements.
- 43 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 2 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Tax & City Secretary:
Salaries & Benefits $ 67,668 $ 67,736 $ (68)
Supplies 5,450 5,360 90
Equipment Maintenance 488 484 4
Services 36,835 36,698 137
Sundry 13,011 4,454 8,557
Capital Outlay - Equipment 479 479 -0-
Total Tax & City Secretary $ 123,931 $ 115,211 $ 8,720
Utilities:
Salaries & Benefits $ 231,832 $ 232,164 $ (332)
Supplies 37,610 37,585 25
Equipment Maintenance 615 614 1
Services 7,631 7, 110 521
Sundry 3,205 3,255 (50)
Capital Outlay - Equipment 1,774 1,772 2
Total Utilities $ 282,667 $ 282,500 $ 167
Purchasing:
Salaries & Benefits $ 41,303 $ 41,016 $ 287
Supplies 3,920 3,688 232
Equipment Maintenance 1,050 819 231
Services 5,875 5,650 225
Sundry 1,170 591 579
Capital Outlay - Buildings 175 175 100
Capital Outlay - Equipment 275 175 -0-
Total Purchasing $ 53,768 $ 52,114 $ 1,654
Warehouse:
Salaries & Benefits $ 19,659 $ 19,589 $ 70
Supplies 1,660 706 954
Equipment Maintenance 330 44 286
Services 1,010 808 202
Sundry 340 344 (4)
Capital Outlay - Building -0- -0- -0-
Capital Outlay - Equipment 47,950 47,532 418
Total Warehouse $ 70,949 $ 69,023 $ 1,926
Data Processing:
Salaries & Benefits $ 52,368 $ 52,372 $ (4)
Supplies 7,279 7,278 1
Equipment Maintenance 28,173 28,171 2
Services 5,431 5,337 94
Sundry 130 128 2
Capital Outlay - Equipment 30,000 30,000 -0-
Total Data Processing $ 123,381 $ 123,286 $ 95
See accompanying notes to financial statements.
- 44 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 3 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Meter Services:
Salaries & Benefits $ 107,469 $ 107,562 $ (93)
Supplies 8, 165 8, 161 4
Equipment Maintenance 875 871 4
Sundry 830 840 (10)
Capital Outlay - Equipment 475 442 33
Capital Outlay - Motor Vehicles -0- -0- -0-
Total Meter Services $ 117,814 $ 117,876 $ (62)
TOTAL FINANCE: $ 1,042,690 $ 1,023,664 $ 19,026
PUBLIC SERVICE:
Administration:
Salaries & Benefits $ 56,435 $ 56,193 $ 242
Supplies 3,105 3,003 102
Equipment Maintenance 852 649 203
Services 4,240 4, 112 128
Sundry 500 467 33
Capital Outlay - Motor Vehicles -0- -0- -0-
Total Administration $ 65,132 $ 64,424 $ 708
Streets:
Salaries & Benefits $ 262,743 $ 175,409 $ 87,334
Supplies 44,450 40,214 4,236
Building Maintenance 41,500 38,400 3,100
Equipment Maintenance 28,300 20,879 7,421
Services 1,500 218 1,282
Sundry 5,700 5,765 (65)
Capital Outlay - Equipment 111,380 106,713 4,667
Capital Outlay - Motor Vehicles 18,500 18,160 340
Total Streets $ 514,073 $ 405,758 $ 108,315
Building Inspection:
Salaries & Benefits $ 169,440 $ 153,938 $ 15,502
Supplies 12,654 12,303 351
Building Maintenance 7,513 5,144 2,369
Equipment Maintenance 6,667 5,181 1,486
Services 11,512 5,901 5,611
Sundry 1,875 1,809 66
Capital Outlay - Buildings -0- -0- -0-
Capital Outlay - Equipment 375 374 1
Total Building Inspection $ 210,036 $ 184,650 $ 25,386
See accompanying notes to financial statements.
- 45 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 4 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Garage:
Salaries & Benefits $ 128,399 $ 113,016 $ 15,383
Supplies 34,900 34,726 174
Building Maintenance 1,000 396 604
Equipment Maintenance 2,050 1,257 793
Services 3,295 3,294 1
Sundry 1,154 1, 167 (13)
Capital Outlay - Building -0- -0- -0-
Capital Outlay - Equipment 5,000 4,408 592
Capital Outlay - Motor Vehicles -0- -0- -0-
Total Garage $ 175,798 $ 158,264 $ 17,534
Cemetery / Ground Maintenance:
Salaries & Benefits $ 32,463 $ 27,191 $ 5,272
Supplies 5,591 3, 169 2,422
Building Maintenance 1,530 -0- 1,530
Equipment Maintenance 712 593 119
Services -0- -0- -0-
Sundry 427 425 2
Capital Outlay - Equipment 525 -0- 525
Total Cemetery / Ground Maintenance $ 41,248 $ 31,378 $ 9,870
TOTAL PUBLIC SERVICE: $ 1,006,287 $ 844,474 $ 161,813
POLICE:
Police Administration:
Salaries & Benefits $ 114,006 $ 114,097 $ (91)
Supplies 5,469 5, 165 304
Building Maintenance 247 31 216
Equipment Maintenance 3,014 2,861 153
Services 1,954 1,457 497
Sundry 2,996 2,981 15
Capital Outlay - Building -0- -0- -0-
Capital Outlay - Equipment 2,779 2,721 58
Capital Outlay - Motor Vehicles -0- -0- -0-
Total Police Administration $ 130,465 $ 129,313 $ 1,152
Uniformed Bureau:
Salaries & Benefits $ 646,095 $ 646,600 $ (505)
Supplies 78,469 78,465 4
Equipment Maintenance 19,685 19,606 79
Services 5,013 4,983 30
Sundry 9,777 9,783 (6)
Capital Outlay Equipment 10,518 9,313 1,205
Capital Outlay - Motor Vehicles 106,675 107,849 (1 ,174)
Total Uniformed Bureau $ 876,232 $ 876,599 $ (367)
See accompanying notes to financial statements.
- 46 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 5 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Investigation:
Salaries & Benefits $ 206,365 $ 206,437 $ (72)
Supplies 11,911 11,869 42
Equipment Maintenance 3, 148 2,838 310
Services 2,765 2,750 15
Sundry 2,900 2,823 77
Capital Outlay - Equipment 5,386 5,316 70
Capital Outlay - Motor Vehicles 8,000 8,000 -0-
Total Investigation $ 240,475 $ 240,033 $ 442
Special Services Bureau:
Salaries & Benefits $ 211,125 $ 211,388 $ (263)
Supplies 15,275 14,382 893
Building Maintenance 3,000 1,486 1,514
Equipment Maintenance 4,760 2,779 1,981
Services 49,160 49,049 111
Sundry 3,000 2,327 673
Capital Outlay - Buildings -0- -0- -0-
Capital Outlay - Equipment 27,270 27,263 7
Total Special Services Bureau $ 313,590 $ 308,674 $ 4,916
Municipal Court:
Salaries & Benefits $ 79,423 $ 77,878 $ 1,545
Supplies 8,150 6,174 1,976
Equipment Maintenance 282 10 272
Services 15,180 12,730 2,450
Sundry 426 425 1
Capital Outlay - Equipment 675 -0- 675
Total Municipal Court $ 104,136 $ 97,217 $ 6,919
TOTAL POLICE: $ 1,664,898 $ 1,651,836 $ 13,062
FIRE:
Fire Administration:
Salaries & Benefits $ 85,231 $ 84,359 $ 872
Supplies 4,300 3,084 1,216
Equipment Maintenance 1,300 810 490
Services 16,609 15,959 650
Sundry 1,883 1,887 (4)
Capital Outlay - Equipment 2,095 1,773 322
Capital Outlay - Motor Vehicles -0- -0- -0-
Total Fire Administration $ 111,418 $ 107,872 $ 3,546
See accompanying notes to financial statements.
- 47 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 6 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Fire Operations:
Salaries & Benefits $ 1,120,893 $ 1,026,145 $ 94,748
Supplies 27,714 26,422 1,292
Building Maintenance 6,200 4,510 1,690
Equipment Maintenance 21,075 18,394 2,681
Services 33,068 21,344 11,724
Sundry 12,966 13, 146 (180)
Capital Outlay - Equipment 19,033 18,121 912
Total Fire Operations $ 1,240,949 $ 1,128,082 $ 112,867
Fire Prevention:
Salaries & Benefits $ 75,024 $ 74,186 $ 838
Supplies 6,570 5,713 857
Equipment Maintenance 2,825 1,755 1,070
Services 1 ,625 1,346 279
Sundry 736 642 94
Capital Outlay - Equipment 550 395 155
Capital Outlay - Motor Vehicles 7,850 8,000 (150)
Total Fire Prevention $ 95, 180 $ 92,037 $ 3, 143
Ambulance:
Salaries & Benefits $ 26,391 $ 26,267 $ 124
Supplies 7, 135 6,663 472.
Equipment Maintenance 5,823 4,815 1,008
Services 1,591 1,363 228
Sundry 11,087 11,243 (156)
Capital Outlay - Equipment 10,385 10,381 4
Total Ambulance $ 62,412 $ 60,732 $ 1,680
TOTAL FIRE: $ 1,509,959 $ 1,388,723 $ 121,236
ENGINEERING:
Engineering Administration:
Salaries & Benefits $ 57,585 $ 55,399 $ 2, 186
Supplies 3,975 2,936 1,039
Equipment Maintenance 1, 150 412 738
Services 10,717 9,080 1,637
Sundry 2,010 1,764 246
Total Engineering Administration $ 75,437 $ 69,591 $ 5,846
See accompanying notes to financial statements.
- 48 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 7 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Engineering:
Salaries & Benefits $ 163,889 $ 159,868 $ 4,021
Supplies 35,850 37,710 (1,860)
Equipment Maintenance 2,000 1,969 . 31
Services 17, 144 15,494 1,650
Sundry 1,200 1,194 6
Capital Outlay - Equipment 5,750 5,669 81
Capital Outlay - Motor Vehicles 7,600 7,525 75
Total Engineering $ 233,433 $ 229,429 $ 4,004
Planning:
Salaries & Benefits $ 160,762 $ 129,670 $ 31,092
Supplies 8, 118 8,082 36
Equipment Maintenance 1, 156 861 295
Services 205,206 212,368 (7, 162)
Sundry 2,431 2,350 81
Capital Outlay - Equipment 910 803 107
Total Planning $ 378,583 $ 354,134 $ 24,449
TOTAL ENGINEERING: $ 687,453 $ 653, 154 $ 34,299
PARKS:
Parks Administration:
Salaries & Benefits $ 88, 163 $ 87,867 $ 296
Supplies 6,723 6,678 45
Building Maintenance 850 850 -0-
Equipment Maintenance 748 670 78
Services 11,169 10,905 264
Sundry 937 938 (1)
Capital Outlay - Equipment 300 300 -0-
Total Parks Administration $ 108,890 $ 108,208 $ 682
Recreation:
Salaries & Benefits $ 66,577 $ 66,295 $ 282
Supplies 28,270 28,171 99
Building Maintenance 3,300 3,112 188
Services 38,579 38,378 201
Sundry 362 364 (2)
Capital Outlay - Equipment 7,850 7,839 11
Total Recreation $ 144,938 $ 144,159 $ 779
See accompanying notes to financial statements.
- 49 -
CITY OF COLLEGE STATION
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
FOR THE YEAR ENDED JUNE 30, 1982 A-2
Page 8 of 8
Variance,
Favorable
Budget Actual (Unfavorable)
Aquatics:
Salaries & Benefits $ 147,968 $ 148,013 $ (45)
Supplies 23,585 23,043 542
Building Maintenance 9,018 8,915 103
Equipment Maintenance 6,530 6,392 138
Services 33,084 32,857 227
Sundry 1,702 2,098 (396)
Capital Outlay - Equipment 9,051 7,978 1,073
Total Aquatics $ 230,938 $ 229,296 $ 1,642
Parks Maintenance:
Salaries & Benefits $ 169,582 $ 165,639 $ 3,943
Supplies 22,640 19,352 3,288
Building Maintenance 16,700 16,377 323
Equipment Maintenance 11,375 11,254 121
Services 16,995 13,182 3,813
Sundry 1,000 1,012 (12)
Capital Outlay - Equipment 24,884 24,731 153
Total Parks Maintenance $ 263,176 $ 251,547 $ 11,629
Forestry:
Salaries & Benefits $ 39,680 $ 35,081 $ 4,599
Supplies 4,016 3,371 645
Building Maintenance 400 315 85
•
Equipment Maintenance 1,400 949 151
Services 895 588 307
Sundry 405 407 (2)
Capital Outlay - Equipment 5,802 5,559 243
Total Forestry $ 52,598 $ 46,270 $ 6,328
TOTAL PARKS: $ 800,540 $ 779,480 $ 21,060
NON-DEPARTMENTAL:
Miscellaneous $ -0- $ 15,856 $ (15,856)
Contribution to Bond Funds 120,280 120,280 -0-
Contributions to Firemen's Fund -0- 4,108 (4,108)
TOTAL NON-DEPARTMENTAL: $ 120,280 $ 140,244 $ (19,964)
TOTAL GENERAL FUND EXPENDITURES: $ 7,269,642 $ 6.920.206 $ 349.436
See accompanying notes to financial statements.
- 50 -
SPECIAL REVENUE FUNDS
Revenue Sharing - To account for the receipts and
expenditure of funds received by the City of College
Station under the Federal Revenue Sharing Program.
Hotel/Motel Tax - To account for the receipt and
expenditure of funds received by the City of College
Station from the assessment of hotel and motel occupan-
cy tax. Usage of funds is restricted to construction
and maintenance of convention and civic facilities, and
promotion of tourism and arts within the City of
College Station.
-51-
CITY OF COLLEGE STATION
ALL SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1982
B-1
Hotel/ Totals
Revenue Motel June 30,
Sharing Tax 1982
ASSETS
Cash $ 6,739 $ 12,024 $ 18,763
Certificates of Deposit 60,000 325,000 385,000
Accrued Interest Receivable 224 2,898 3,122
Due From Federal Government 79,589 -0- 79,589
TOTAL ASSETS: $146.552 $339.922 $486.474
LIABILITIES AND FUND BALANCE
LIABILITIES:
Accounts Payable $ -0- $ 77,986 $ 77,986
Due to Other Funds -0- 50,000 50,000
Total Liabilities $ -0- $127,986 $127,986
FUND BALANCE:
Reserved for Encumbrances $ -0- $ -0- $ -0-
Unreserved - Undesignated 146,552 211,936 358,488
Total Fund Balance $146,552 $211,936 $358,488
LIABILITIES AND FUND BALANCE: $146.552 $339.922 $486,474
See accompanying notes to financial statements.
- 52 -
CITY OF COLLEGE STATION
ALL SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED JUNE 30, 1982
B-2
Hotel/ Totals
Revenue Motel June 30,
Sharing Tax 1982
REVENUES:
Intergovernmental- Federal Grants $ 306,611 $ -0- $ 306,611
Revenues - Hotel/Motel Occupancy Tax -0- 312,073 312,073
Miscellaneous - Interest Earnings
on Investments 10,709 62,909 73,618
- Sale of Asset 3,000 -0- 3,000
- Rental Fees -0- 456 456
Total Revenues $ 320,320 $ 375,438 $ 695,758
EXPENDITURES:
Contribution To:
Mental Health and Retardation $ 15,000 $ -0- $ 15,000
Bryan Public Library 25,000 -0- 25,000
Fireworks Display -0- 1,691 1,691
Summer Library 787 -0- 787
Retired Senior Volunteer Program 1,800 -0- 1,800
Animal Shelter 30,000 -0- 30,000
Chamber of Commerce -0- 30,950 30,950
Brazos County Arts Council -0- 27,500 27,500
Hospitality Information Center -0- 27,500 27,500
Bluegrass Festival -0- 748 748
College Station Industrial Foundation -0- 50,000 50,000
Spring Arts Festival -0- 1,704 1,704
Police Tournament -0- 400 400
A & M Honors Club -0- 8,508 8,508
Magna Carta -0- 2,000 2,000
Brazos Valley Swimmers -0- 600 600
Portable Stage -0- 2,117 2,117
Miscellaneous Expenditures 31 -0- 31
Total Expenditures $ 72,618 $ 153,718 $ 226,336
Excess (Deficiency) of Revenues
Over Expenditures $ 247,702 $ 221,720 $ 469,422
OTHER FINANCING SOURCES (USES) :
Proceeds from Certificates of Obligation -0- 400,000 400,000
Operating Transfers Out (222,513) (736,670) (959, 183)
Excess (Deficiency) of Revenues
Over Expenditures $ 25,189 $(114,950) $ (89,761)
Fund Balance at Beginning of Year 121,363 326,886 448,249
FUND BALANCE AT END OF YEAR: $ 146.552 $ 211.936 $ 358.488
See accompanying notes to financial statements.
- 53 -
CITY OF COLLEGE STATION
REVENUE SHARING FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET (GAAP BASIS) AND ACTUAL B-3
FOR THE YEAR ENDED JUNE 30, 1982
Variance
Favorable
Budget Actual (Unfavorable)
REVENUES:
Intergovernmental - Federal Grants $265,100 $ 306,611 $ 41,511
Miscellaneous - Interest Earnings
on Investments -0- 10,709 10,709
Sale of Assets -0- 3,000 3,000
Total Revenues $265,100 $ 320,320 $ 55,220
EXPENDITURES:
Contribution to Mental Health
and Retardation $ 15,000 $ 15,000 $ -0-
Contribution to Bryan Public Library 25,000 25,000 -0-
Contribution to Summer Library 787 787 -0-
Contribution to Retired Senior
Volunteer Program 1,800 1,800 -0-
Contribution to Animal Shelter 5,000 30,000 (25,000)
Miscellaneous -0- 31 (31)
Total Expenditures $ 47,587 $ 72,618 $(25,031)
Excess (Deficiency) of Revenue
Over Expenditures $217,513 $ 247,702 $ 30,189
OTHER FINANCING SOURCES (USES) :
Operating Transfers Out (222,513) (222,513) -0-
Excess (Deficiency) of Revenues
Over Expenditures and Other Uses $ (5,000) $ 25, 189 $ 30,189
Fund Balance at Beginning of Year 121,363 121,363 -0-
FUND BALANCE AT END OF YEAR: $116,363 $ 146,552 $ 30, 189
See accompanying notes to financial statements.
- 54 -
CITY OF COLLEGE STATION
HOTEL/MOTEL TAX FUND
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCE - BUDGET (GAAP BASIS) AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1982
B-4
Variance,
Favorable
Budget Actual (Unfavorable)
REVENUES:
Hotel/Motel Tax $ 255,000 $ 312,073 $ 57,073
Miscellaneous - Interest Earnings
on Investments -0- 62,909 62,909
Rental Fees -0- 456 456
Total Revenues $ 255,000 $ 375,438 $120,438
EXPENDITURES:
Contribution to Chamber of Commerce $ 30,950 $ 30,950 $ -0-
Contribution to Brazos County Art
Council 27,500 27,500 -0-
Contribution to Hospitality Informa-
tion 27,500 27,500 -0-
Contribution to Bluegrass Festival 900 748 152
Contribution to College Station
Industrial Foundation 50,000 50,000 -0-
Contribution to Spring Arts Festival 1,500 1,704 (204)
Contribution to Police Tournament 400 400 -0-
Contribution to A & M Honors Club 10,000 8,508 1,492
Contribution to Magna Carta 2,000 2,000 -0-
Contribution to Fireworks Display 1,930 1,691 239
Contribution to Brazos Valley
Swimmers 600 600 -0-
Contribution for Portable Stage 2,900 2,117 783
Miscellaneous Expenditures 1,000 -0- 1,000
Total Expenditures $ 157,180 $ 153,718 $ 3,462
Excess (Deficiency) of Revenues
Over Expenditures $ 97,820 $ 221,720 $123,900
OTHER FINANCING SOURCES (USES) :
Proceeds from Certificates
of Obligation 400,000 400,000 -0-
Operating Transfers Out (725,044) (736,670) (11,626)
Excess (Deficiency) of Revenues and
Other Sources Over Expenditures
and Other Uses $(227,224) $(114,950) $112,274
Fund Balance at Beginning of Year 326,886 326,886 -0-
FUND BALANCE AT END OF YEAR $ 99,662 $ 211.936 $112.274
See accompanying notes to financial statements.
- 55 -
DEBT SERVICE FUND
To account for the receipt and disbursement of funds
utilized for the retirement of the general obligation
debt of the City, including General Obligation Bonds,
Certificates of Obligation, and Notes Payable.
- 56 -
CITY OF COLLEGE STATION
DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED JUNE 30, 1982
C-1
REVENUES:
Current Taxes $ 659,116
Delinquent Taxes 28,038
Penalty and Interest on Delinquent Taxes 6,703
Miscellaneous - Interest Earned on Investments 137,070
Total Revenues $ 830,927
EXPENDITURES:
Redemption of Tax Obligation Bonds $805,000
Interest on Tax Obligation Bonds 700,163 $1,505, 163
Retirement of Certificates of Obligation $ 41,600
Interest on Certificates of Obligation 11,635 53,235
Retirement of Notes Payable $ 9,743
Interest on Notes Payable 3,322 13,065
Paying Agents Fees 367
Total Expenditures $1,571,830
Excess (Deficiency) of Revenues Over Expenditures $ (740,903)
OTHER FINANCING SOURCES:
Operating Transfers In 784,062
Excess (Deficiency) of Revenues And Other Sources
Over Expenditures $ 43,159
Fund Balance at Beginning of Year 769,558
FUND BALANCE AT END OF YEAR $ 812.717
See accompanying notes to financial statements.
- 57 -
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- 58 -
CAPITAL PROJECT FUNDS
Planning Project - to account for various engineering and mapping projects being
conducted by the City which were still in process at year end.
Capital Acquisition - to account for capital items ordered by various divisions
but not received by year end. These capital acquisitions are being funded by the
general fund and various capital project funds.
Pro Rata Sewer - to account for the pro ratd portion of the costs of constructing
sewer lines in new additions or developments which is to be reimbursed by the
independent developers.
Community Center Fund - to account for the costs of constructing a community center
building which is estimated to cost $735,000. Special revenue funds from col-
lection of hotel/motel tax will provide the financing.
Community Development Fund - to account for funds granted to the City of College
Station by the National Department of Housing and Urban Development for use on
various community improvement projects.
Computer Project Fund - to account for the costs of constructing a computer system.
General fund revenues provided the financing.
Certificate of Obligation Funds - to account for the costs of constructing a 1500
GPM Pumper Truck and Rescue Vehicles. (Interim financing was provided by general
fund.) The estimated costs are $140,052 for the pumper truck and $72,673 for the
rescue vehicle.
Southwest Parkway - to account for the costs of street improvements made to South-
west Parkway. Interim financing was provided by the Utility Fund, however, perma-
nent financing was provided by general obligation bond proceeds received in July,
1981.
1971 Bonds Funds - to account for the cost of various street improvements to be made
with funds provided by proceeds of the 1971 issue of general obligation bonds.
1976 Bond Funds - to account for the cost of street improvements, city hall building
expansion, and construction of utility fixed assets to be made with funds provided
by proceeds of the 1976 issue.
1978 Bond Funds - to account for the cost of street and park improvements, and
construction of utility fixed assets to be made with proceeds of the 1978 issue.
1978 Series II Bond Funds - to account for the cost of street improvements; park
improvements; and construction of police, fire, and warehouse buildings to be made
with funds provided by proceeds of the 1978 Series II issue of general obligation
bonds.
1981 Bond Funds - to account for the cost of street improvements, building con-
struction, park improvements, and acquisition of park land to be made with funds
provided by proceeds of the 1981 Series of general obligation bonds.
1982 Bond Funds - to account for the cost of street improvements, building purchase
and construction, park improvements, and acquisition of park land to be made with
funds provided by proceeds of the 1982 Series of general obligation bonds.
- 59 -
CITY OF COLLEGE STATION
ALL CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1982 D - 1
Page 1 of 2
Community Community
ASSETS Center Development
Cash $ -0- $60,625
Certificates of Deposit -0- -0-
Accrued Interest Receivable -0- -0-
Due from Other Funds -0- -0-
Due from Restricted Funds -0- -0-
Due from Other Governments -0- 14,743
TOTAL ASSETS: $ -0- $75.368
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts Payable $ -0- $ 23
Contracts Payable -0- 9,111
Retainage Payable - Contractors -0- 3,203
Due to Other Funds -0- 43,917
Due to Restricted Funds -0- -0-
Total Liabilities $ -0- $56,254
FUND BALANCE:
Reserved for Encumbrances $ -0- $19,114
Reserved for General Fixed Assets:
Street Improvements -0- -0-
Park -0- -0-
Police Station, Fire Station, Warehouse -0- -0-
• City Hall Expansion -0- -0-
Parks Project - 1981 -0- -0-
Street Project - 1981 -0- -0-
Traffic Signalization -0- -0-
Wellborn Road Project -0- -0-
City Hall/Warehouse - 1981 -0- -0-
Reserved for Utility Fixed Assets:
Water System Improvements -0- -0-
Sewer System Improvements -0- -0-
Electrical System -0- -0-
Unreserved - Undesignated -0- -0-
Total Fund Balance $ -0- $19,114
TOTAL LIABILITIES AND FUND BALANCE: $ -0- $75,368
See accompanying notes to financial statements.
• - 60 -
Certificate Memo Totals Totals
Computer Of Obligation Southwest Planning Capital See June 30,
Project Funds Parkway Project Acquisition Next Page 1982
$ 2,305 $ -0- $ -0- $ -0- $ -0- $ 506,974 $ 569,904
-0- -0- -0- -0- -0- 3,839,000 3,839,000
-0- -0- -0- -0- -0- 62,357 62,357
-0- -0- -0- 10,871 82,479 65,708 159,058
-0- -0- -0- -0- -0- 1, 153,986 1,153,986
-0- -0- -0- -0- -0- 35,338 50,081
$ 2.305 $ -0- $ -0- $10.871 $82.479 $5.663.363 $5.834.386
$ 1,000 $ -0- $ -0- $ -0- $ -0- $ 281,360 $ 282,383
-0- -0- -0- -0- -0- -0- 9,111
-0- -0- -0- -0- -0- 82,738 85,941
4,907 212,725 -0- -0- -0- 463,754 725,303
-0- -0- -0- -0- -0- 412,864 412,864
$ 5,907 $ 212,725 $ -0- $ -0- $ -0- $1,240,716 $1,515,602
$ -0- $ -0- $ -0- $ -0- $82,479 $ -0- $ 101,593
-0- -0- -0- -0- -0- 129,024 129,024
-0- -0- -0- -0- -0- 292,268 292,268
-0- -0- -0- -0- -0- 410,000 410,000
-0- -0- -0- -0- -0- (28,455) (28,455)
-0- -0- -0- -0- -0- 479,222 479,222
-0- -0- -0- -0- -0- 1,302,868 1,302,868
-0- -0- -0- -0- -0- 70,068 70,068
-0- -0- -0- -0- -0- 42,049 42,049
-0- -0- -0- -0- -0- 763,732 763,732
-0- -0- -0- -0- -0- (49,472) (49,472)
-0- -0- -0- -0- -0- (12,471) (12,471)
-0- -0- -0- -0- -0- 384,465 384,465
(3,602) (212,725) -0- 10,871 -0- 639,349 433,893
$(3,602) $(212,725) $ -0- $10,871 $82,479 $4,422,647 $4,318,784
S 2.305 $ -0- $ -0- $10.871 $82.479 $5.663.363 $5.834.386
- 61 -
CITY OF COLLEGE STATION
ALL CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1982 D - 1
(CONTINUED) Page 2 of 2
Pro Rata 1971
ASSETS Sewer Bond Funds
Cash $ -0- $196,453
Certificates of Deposit -0- -0-
Accrued Interest Receivable -0- -0-
Due from Other Funds 65,708 -0-
• Due from Restricted Funds -0- -0-
Due from Other Governments -0- -0-
TOTAL ASSETS: $ 65,708 $196.453
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts Payable $ =0= $ 9,740
Contracts Payable -0- -0-
Retainage Payable - Contractors -0- 1,352
Due to Other Funds -0- 142,494
Due to Restricted Funds -0- -0-
Total Liabilities $ -0- $153,586
FUND BALANCE:
Reserved for Encumbrances $ -0- $ -0-
Reserved for General Fixed Assets:
Street Improvements -0- -0-
Park -0- -0-
Police Station, Fire Station, Warehouse -0- -0-
City Hall Expansion -0- -0-
Parks Project - 1981 -0- -0-
Street Project - 1981 -0- -0-
Traffic Signalization -0- -0-
Wellborn Road Project -0- -0-
City Hall/Warehouse - 1981 -0- -0-
Reserved for Utility Fixed Assets:
Water System Improvements -0- -0-
Sewer System Improvements -0- -0-
Electrical System -0- -0-
Unreserved - Undesignated 65,708 42,867
Total Fund Balance $ 65,708 $ 42,867
TOTAL LIABILITIES AND FUND BALANCE: $ 65.708 $196.453
See accompanying notes to financial statements
- 62 -
1978
1976 1978 Series II 1981 1982
Bond Bond Bond Bond Bond Memo Totals
Funds Funds Funds Funds Funds See Page 61
$ 345 $ 129,679 $ 30,000 $ 91,287 $ 59,210 $ 506,974
-0- -0- 284,000 1,050,000 2,505,000 3,839,000
-0- -0- 1,852 4,399 56, 106 62,357
-0- -0- -0- -0- -0- 65,708
48,426 962,941 142,619 -0- -0- 1, 153,986
-0- -0- 35,338 -0- -0- 35,338
$48.771 $1.092,620 $493.809 $1.145.686 $2,620,316 $5,663.363
$ -0- $ 168,543 $ 280 $ -0- $ 102,797 $ 281,360
-0- -0- -0- -0- -0- -0-
-0- 77,505 -0- -0- 3,881 82,738
-0- 318,013 3,097 -0- 150 463,754
-0- 112,864 -0- 300,000 -0- 412,864
$ -0- $ 676,925 $ 3,377 $ 300,000 $ 106,828 $1,240,716
$ -0- $ -0- $ -0- $ -0- $ -0- $ -0-
68,808 (48,012) 108,228 -0- -0- )29,024
-0- 23,810 268,458 -0- -0- 292,268
-0- -0- -0- 77,970 332,030 410,000
(28,455) -0- -0- -0- -0- (28,455)
-0- -0- -0- 73,792 405,430 479,222
-0- -0- -0- 241,768 1,061, 100 1,302,868
-0- -0- -0- -0- 70,068 70,068
-0- -0- -0- 42,049 -0- 42,049
-0- -0- -0- 140,045 623,687 763,732
-0- (49,472) -0- -0- -0- (49,472)
-0- (12,471) -0- -0- -0- (12,471)
-0- 384,465 -0- -0- -0- 384,465
8,418 117,375 113,746 270,062 21, 173 639,349
$48,771 $ 415,695 $490,432 $ 845,686 $2,513,488 $4,422,647
$48.771 $1.092.620 $493.809 $1. 145.686 $2.620.316 $5.663.363
- 63 -
CITY OF COLLEGE STATION
ALL CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED JUNE 30, 1982 D - 2
Page 1 of 2
Community Community
Center Development
REVENUES:
Intergovernmental $ -0- $295,741
Miscellaneous - Interest -0- -0-
Contributions by Participants -0- 30,854
Total Revenues $ -0- $326,595
EXPENDITURES - CAPITAL PROJECTS:
General Fixed Assets -
Land $ -0- $ -0-
Community Center 705,357 -0-
Computer -0- -0-
Emergency Vehicles -0- -0-
Street Improvements -0- 70,966
Park Improvements -0- -0-
City Hall and Warehouse -0- -0-
Traffic Signalization -0- -0-
Utility Fixed Assets -
Water System Improvements -0- -0-
Sewer System Improvements -0- -0-
Electrical System Improvements -0- -0-
Federal Housing Rehabilitation -0- 206,326
Administrative & Other Costs 28,009 36,320
Total Expenditures $ 733,366 $313,612
Excess (Deficiency) of Revenues
Over Expenditures $(733,366) $ 12,983
OTHER FINANCING SOURCES (USES) :
Proceeds of General Obligation Bonds -0- -0-
Operating Transfers In 736,670 -0-
Operating Transfers Out -0- -0-
Excess (Deficiency) of Revenues
and Other Sources Over Expenditures
and Other Uses $ 3,304 $ 12,983
Fund Balances at Beginning of Year (3,304) 6, 131
FUND BALANCES AT END OF YEAR: $ -0- $ 19.114
See accompanying notes to financial statements.
- 64 -
Certificate Capital Memo Totals
Computer Of Obligation Southwest Planning Acqui- See Totals
Project Funds Parkway Project sition Next Page June 30, 1982
$ -0- $ -0- $ -0- $ -0- $ -0- $ 179,320 $ 475,061
838 -0- -0- -0- -0- 484,871 485,709
-0- -0- -0- -0- -0- 65,708 96,562
$ 838 $ -0- $ -0- $ -0- $ -0- $ 729,899 $ 1,057,332
$ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $ -0-
-0- -0- -0- -0- -0- -0- 705,357
-0- -0- -0- -0- -0- -0- -0-
-0- 152,143 -0- -0- -0- -0- 152,143
-0- -0- -0- -0- -0- 386,098 457,064
-0- -0- -0- -0- -0- 539,776 539,776
-0- -0- -0- -0- -0- 79,268 79,268
-0- -0- -0- -0- -0- 22,433 22,433
-0- -0- -0- -0- -0- 93,899 93,899
-0- -0- -0- -0- -0- 57,520 57,520
-0- -0- -0- -0- -0- 1,224, 193 1,224,193
-0- -0- -0- -0- -0- -0- 206,326
35,467 -0- -0- -0- -0- 57,368 157,164
$ 35,467 $ 152,143 $ -0- $ -0- $ -0- $ 2,460,555 $ 3,695,143
$(34,629) $(152, 143) $ -0- $ -0- $ -0- $(1,730,656) $(2,637,811)
-0- -0- 700,000 -0- -0- 3,505,000 4,205,000
30,000 -0- -0- 10,871 82,479 1,347,940 2,207,960
-0- -0- (57,769) -0- -0- (1,327,142) (1,384,911)
$ (4,629) $(152, 143) $642,231 $10,871 $82,479 $ 1,795, 142 $ 2,390,238
1,027 (60,582) (642,231) -0- -0- 2,627,505 1,928,546
$ (3.602) $(212.725) $ -0- $10.871 $82.479 $ 4.422,647 $ 4.318.784
- 65 -
CITY OF COLLEGE STATION
ALL CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED JUNE 30, 1982 D - 2
Page 2 of 2
Pro Rata 1971 Bond
Sewer Funds
REVENUES:
Intergovernmental $ -0- $ -0-
Miscellaneous - Interest -0- 33,100
Contributions by Participants 65,708 -0-
Total Revenues $ 65,708 $ 33,100
EXPENDITURES - CAPITAL PROJECTS:
General Fixed Assets -
Land $ -0- $ -0-
Community Center -0- -0-
Computer -0- -0-
Emergency Vehicles -0- -0-
Street Improvements -0- 71,366
Park Improvements -0- -0-
City Hall and Warehouse -0- -0-
Traffic Signalization -0- -0-
Utility Fixed Assets -
Water System Improvements -0- -0-
Sewer System Improvements -0- -0-
Electrical System Improvements -0- -0-
Federal Housing Rehabilitation -0- -0-
Administrative & Other Costs -0- -0-
Total Expenditures $ -0- $ 71,366
Excess (Deficiency) of Revenues
Over Expenditures $ 65,708 $ (38,266)
OTHER FINANCING SOURCES (USES) :
Proceeds of General Obligation Bonds -0- -0-
Operating Transfers In -0- -0-
Operating Transfers Out -0- (142,495)
Excess (Deficiency) of Revenues
and Other Sources Over Expenditures
and Other Uses $ 65,708 (180,761)
Fund Balances at Beginning of Year -0- 223,628
FUND BALANCES AT END OF YEAR: $ 65.708 $ 42.867
See accompanying notes to financial statements.
- 66 -
1978
1976 1978 Series II 1981 1982
Bond Bond Bond Bond Bond Memo Totals
Funds Funds Funds Funds Funds See Page 65
$ -0- $ -0- $ 143,906 $ 35,414 $ -0- $ 179,320
2,418 13,830 12,922 301,874 120,727 484,871
-0- -0- -0- -0- -0- 65,708
$ 2,418 $ 13,830 $ 156,828 $ 337,288 $ 120,727 $ 729,899
$ -0- $ -0- $ -0- $ -0- $ -0- $ -0-
-0- -0- -0- -0- -0- -0-
-0- -0- -0- -0- -0- -0-
-0- -0- -0- -0- -0- -0-
320 266,186 40,035 8, 191 -0- 386,098
-0- -0- 379,998 18,168 141,610 539,776
-0- -0- -0- 30,625 48,643 79,268
-0- -0- -0- -0- 22,433 22,433
8,961 84,938 -0- -0- -0- 93,899
-0- 57,520 -0- -0- -0- 57,520
-0- 1,224,193 -0- -0- -0- 1,224,193
-0- -0- -0- -0- -0- -0-
-0- -0- -0- 21,258 36, 110 57,368
$ 9,281 $ 1,632,837 $ 420,033 $ 78,242 $ 248,796 $ 2,460,555
$ (6,863) $(1,619,007) $(263,205) $ 259,046 $ (128,069) $(1,730,656)
-0- -0- -0- 800,000 2,705,000 3,505,000
797,396 350,280 142,495 57,769 -0- 1,347,940
(942,662) (110,219) -0- (68,323) (63,443) (1,327,142)
$(152, 129) $(1,378,946) $(120,710) $1,048,492 $2,513,488 $ 1,795,142
200,900 1,794,641 611,142 (202,806) -0- 2,627,505
S 48.771 $ 415.695 $ 490.432 $ 845.686 $2.513.488 $ 4.422.647
- 67 -
(This page intentionally left blank)
- 68 -
ENTERPRISE FUND
Utility Fund - to account for revenues and expenses
related to the operation and maintenance of the water,
sewer and electric systems of the City. All activities
necessary to provide such services are accounted for in
this fund, including, but not limited to, adminis-
tration, operations, maintenance, financing and related
debt service, and billing and collection.
Sanitation Fund - to account for all sanitation col-
lection and disposal activities by the City to both
residential and commercial residents, including the
operation of the City's sanitary landfill.
- 69 -
CITY OF COLLEGE STATION
ALL ENTERPRISE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1982 E-1
Utility Sanitation Totals
ASSETS Fund Fund June 30, 1982
CURRENT ASSETS:
Cash on Hand and in Banks $ 259,285 $ 44,636 $ 303,921
Certificates of Deposit 800,000 200,000 1,000,000
Accounts Receivable (Net of Allowances
for Uncollectible Accounts) 1,063,728 3,503 1,067,231
Accrued Interest Receivable 6,588 -0- 6,588
Due from Other Funds 39,081 114,748 153,829
Due from Restricted Funds 423,013 -0- 423,013
Inventories 778,958 12,220 791,178
Prepaid Expenses 31,832 6,799 38,631
Total Current Assets $ 3,402,485 $381,906 $ 3,784,391
RESTRICTED ASSETS:
Cash in Banks $ 740,434 $ -0- $ 74n,434
Certificates of Deposit 7,054,000 -0- 7,054,000
Accrued Interest Receivable 134,495 -0- 134,495
Due from Other Funds 326,049 -0- 326,049
Due from Restricted Funds 1,733,895 -0- 1,733,895
Inventories 2,398 -0- 2,398
Total Restricted Assets $ 9,991,271 $ -0- $ 9,991,271
FIXED ASSETS: (Net of Accumulated Deprec.) $26,238,025 $361,801 $26,599,826
DEFERRED CHARGES:
Prepaid Water Costs $ 450,170 $ -0- $ 450,170
Bond Issuance Costs 148,366 -0- 148,366
• Total Deferred Charges $ 598,536 $ -0- $ 598,536
TOTAL ASSETS: $40.230.317 $743.707 $40,974,024
See accompanying notes to financial statements.
- 70 -
Utility Sanitation Totals
LIABILITIES Fund Fund June 30, 1982
CURRENT LIABILITIES:
Payable from Current Assets:
Accounts Payable $ 36,623 $ 1,787 $ 38,410
Sales Tax Payable 22,568 -0- 22,568
Due to Other Funds 201,644 3,281 204,925
Due to Restricted Funds 221,953 -0- 221,953
Payable from Restricted Assets:
Construction Contracts & Retainages Payable 62,452 -0- 62,452
Accrued Revenue Bond Interest Payable 423,359 -0- 423,359
Currently Maturing Portion of Revenue Bonds 1, 193,000 -0- 1, 193,000
Due to Other Funds 105,235 -0- 105,235
Due to Restricted Funds 2,329,301 -0- 2,329,301
Customers' Meter Deposits 1,163,054 -0- 1, 163,054
Total Current Liabilities $ 5,759, 189 $ 5,068 $ 5,764,257
LONG-TERM LIABILITIES:
Revenue Bonds Payable - Net of Currently
Maturing Portion $14,648,000 $ -0- $14,648,000
Unamortized Premium on Bonds 1,714 -0- 1,714
Total Long-Term Liabilities $14,649,714 $ -0- $14,649,714
TOTAL LIABILITIES: $20,408,903 $ 5,068 $20,413,971
FUND EQUITY
Contributed Capital $ 9,326,250 $ 54,901 $ 9,381,151
Retained Earnings:
Unreserved 10,495, 164 683,738 11, 178,902
TOTAL FUND EQUITY: $19,821,414 $738,639 $20,560,053
TOTAL LIABILITIES AND FUND EQUITY: $40,230,317 S743,707 S40.974,024
- 71 -
CITY OF COLLEGE STATION
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS -
ALL ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 1982 E-2
Utility Sanitation Totals
Fund Fund June 30, 1982
OPERATING REVENUES:
Charges for Services $16,549,721 $770,366 $17,320,087
OPERATING EXPENSES:
Salaries and Benefits $ 950,587 $403,240 $ 1,353,827
Supplies 313,530 24,177 337,707
Building Maintenance 140,401 -0- 140,401
Equipment Maintenance 68,208 68, 108 136,316
Services 6,734,399 6,607 6,741,006
Sundry 25, 100 6,323 31,423
Administrative Transfers 1,072,287 -0- 1,072,287
Depreciation 800,250 127,967 928,217
Bad Debts 152,163 -0- 152,163
Total Operating Expenses $10,256,925 $636,422 $10,893,347
NET OPERATING INCOME: $ 6,292,796 $133,944 $ 6,426,740
NONOPERATING REVENUES (EXPENSES) :
Interest Earnings $ 857,926 $ 15,973 $ 873,899
Miscellaneous Fees 2,999 15,580 18,579
Revenue Bond Interest (942,105) -0- (942,105)
Amortization of Bond Issuance Costs (14,301) -0- (14,301)
Total Nonoperating Revenues
(Expenses) $ (95,481) $ 31,553 $ (63,928)
Income Before Operating Transfers $ 6, 197,315 $165,497 $ 6,362,812
Operating Transfers In (Out) (2,314,631) (53,235) (2,367,866)
NET INCOME: $ 3,882,684 $112,262 $ 3,994,946
Retained Earnings at Beginning of Year 6,612,480 571,476 7,183,956
RETAINED EARNINGS AT END OF YEAR: $10.495. 164 $683.738 $11.178.902
See accompanying notes to financial statements.
- 72 -
CITY OF COLLEGE STATION
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION -
ALL ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 1982 E-3
Utility Sanitation Totals
Fund Fund June 30, 1982
SOURCES OF WORKING CAPITAL:
Operations:
Net Income $ 3,882,684 $112,262 $ 3,994,946
Items not Requiring Working Capital:
Depreciation 800,250 127,967 928,217
Amortization of Deferred Charges 174,595 -0- 174,595
Working Capital Provided by Operations $ 4,857,529 $240,229 $ 5,097,758
Contributions from Local Government 1,311,028 -0- 1,311,028
Issuance of Long-Term Debt 7,220,000 -0- 7,220,000
Total Sources of Working Capital $13,388,557 $240,229 $13,628,786
APPLICATIONS OF WORKING CAPITAL:
Acquisition of Property, Plant, and Equipment $ 3,959,455 $ 51,701 $ 4,011,156
Reduction of Long-Term Debt 1,488,000 -0- 1,488,000
Payment of Bond Issuance Costs 88,603 -0- 88,603
Total Applications of Working Capital $ 5,536,058 $ 51,701 $ 5,587,759
NET INCREASE IN WORKING CAPITAL: $ 7.852.499 $188.528 $ 8.041.027
ELEMENTS OF NET INCREASE (DECREASE) IN
WORKING CAPITAL:
Cash $ (42,777) $(87,707) $ (130,484)
Certificates of Deposit 800,000 75,000 875,000
Accounts Receivable 311,144 1,782 312,926
Due From Other Funds (1,271,965) 68,493 (1,203,472)
Inventories 316,041 6,470 322,511
Prepaid Expenses 2,984 1,801 4,785
Restricted Assets 6,886,160 -0- 6,886,160
Accounts Payable 147,389 1,829 149,218
Sales Tax Payable 9,232 -0- 9,233
Due to Other Funds 1,227,633 120,860 1,348,492
Liabilities Payable from Restricted Assets (533,342) -0- (533,342)
NET INCREASE IN WORKING CAPITAL: $ 7.852.499 $188,528 $ 8.041,027
See accompanying notes to financial statements.
- 73 -
CITY OF COLLEGE STATION
UTILITY FUND
BALANCE SHEET
JUNE 30, 1982 E-4
ASSETS
CURRENT ASSETS:
Cash on Hand and in Bank $ 259,285
Certificates of Deposit 800,000
Accounts Receivable (Net of Allowance
for Estimated Uncollectibles) :
Utility Billings $1,017,597
Miscellaneous 46, 131
Accrued Interest 6,588 1,070,316
Due from Other Funds 39,081
Due from Restricted Funds 423,013
Inventories 778,958
Prepaid Expenses 31,835
Total Current Assets $ 3,402,488
RESTRICTED ASSETS: (Schedule E-8)
Cash in Banks $ 740,434
Certificates of Deposit 7,054,000
Accrued Interest Receivable 134,495
Due from Other Funds 326,049
Due from Restricted Assets 1,733,895
Inventories 2,398
Total Restricted Assets $ 9,991,271
FIXED ASSETS: (Schedule E-9) Cost Depreciation
Electric System $10,582,789 $1,610,959 $ 8,971,830
Water System 13,841,800 1,305,760 12,536,040
Sewer System 5,580,542 964,825 4,615,717
Computer System 152,882 38,444 114,438
Total Fixed Assets $30_,158,013 $3.919.988 $26,238,025
DEFERRED CHARGES:
Prepaid Water Costs $ 450,170
Bond Issuance Costs 148,363
Total Deferred Charges $ 598,533
TOTAL ASSETS: $40.230.317
See accompanying notes to financial statements.
- 74 -
LIABILITIES
CURRENT LIABILITIES:
Payable from Current Assets:
Accounts Payable $ 36,623
Sales Tax Payable 22,568
Due to Other Funds 201,644
Due to Restricted Funds 221,953 $ 482,788
Payable from Restricted Assets: (Schedule E-8)
Construction Contracts and Retainages Payable $ 62,452
Accrued Revenue Bond Interest Payable 423,359
Matured and Currently Maturing Portion of
Revenue Bonds (Schedule E-10) 1,193,000
Due to Other Funds 105,235
Due to Restricted Funds 2,329,301
Customers' Meter Deposits 1, 163,054 5,276,401
Total Current Liabilities
$ 5,759,189
LONG-TERM LIABILITIES:
Revenue Bonds Payable - Net of Currently Maturing
Portion (Schedule E-10) $14,648,000
Unamortized Premium on Bonds 1,714
Total Long-Term Liabilities $14,649,714
TOTAL LIABILITIES: $20,408,903
FUND EQUITY
Contributed Capital:
Customers $ 176,590
Local Government 8,329,313
Federal Government 820,347 $ 9,326,250
Retained Earnings:
Unreserved 10,495,164
TOTAL FUND EQUITY: $19,821,414
TOTAL LIABILITIES AND FUND EQUITY: $40.230.317
- 75 -
CITY OF COLLEGE STATION
UTILITY FUND
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS
FOR THE YEAR ENDED JUNE 30, 1982
E-5
OPERATING REVENUES:
Charges For Services
Electrical $13,270,757
Water 1,877,300
Sewer 1,090,925
Non-Departmental 310,739
Total Operating Revenues $16,549,721
OPERATING EXPENSES:
Salaries and Benefits $ 950,587
Supplies 313,530
Building Maintenance 140,401
Equipment Maintenance 68,208
Services 6,734,399
Sundry 25, 100
Administrative Transfers 1,072,287
Depreciation 800,250
Bad Debts 152, 163
Total Operating Expenses $10,256,925
NET OPERATING INCOME: $ 6,292,796
NONOPERATING REVENUES (EXPENSES) :
Interest Earnings 857,926
Grants 2,999
Revenue Bond Interest (942,105)
Amortization of Bond Issuance Costs (14,301)
Total Nonoperating Revenues (Expenses) $ (95,481)
Income Before Operating Transfers $ 6, 197,315
Operating Transfers In (Out) (2,314,631)
NET INCOME: $ 3,882,684
Retained Earnings at Beginning of Year 6,612,480
RETAINED EARNINGS AT END OF YEAR: $10.495.164
See accompanying notes to financial statements.
- 76 -
CITY OF COLLEGE STATION
UTILITY FUND
STATEMENT OF REVENUES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1982
E-6
Variance
Favorable
Budget Actual (Unfavorable)
OPERATING REVENUES:
ELECTRIC:
Electric Services $ 12,710,580 $ 13,077,553 $ 366,973
Pole Rental -0- 178,549 178,549
Temporary Service 6,000 14,655 8,655
Total Electric $ 12,716,580 $ 13,270,757 $ 554,177
WATER:
Water Services $ 2,035,000 $ 1,727,776 $ (307,224)
Water Taps 75,000 149,524 74,524
Total Water $ 2,110,000 $ 1,877,300 $ (232,700)
SEWER:
Sewer Services $ 1,000,000 $ 1,042,985 $ 42,985
Sewer Taps 30,000 47,940 17,940
Total Sewer $ 1,030,000 $ 1,090,925 $ 60,925
NON-DEPARTMENTAL:
Penalties $ 170,000 $ 208,257 $ 38,257
Reconnect Fees 7,500 12,136 4,636
Service Fees 1,000 21,131 20,131
Use of City Forces 10,000 59,350 49,350
Sales Tax Collection Fees 1,700 3,027 1,327
Other Revenues 3,500 6,838 3,338
Total Non-Departmental $ 193,700 $ 310,739 $ 117,039
Total Operating Revenues: $ 16,050,280 $ 16,549,721 $ 499,441
NON-OPERATING REVENUES:
Miscellaneous
Interest Earnings $ 150,000 $ 857,926 $ 707,926
Grants -0- 2,999 2,999
Total Non-Operating Revenues $ 150,000 $ 860,925 $ 710,925
TOTAL REVENUES: $ 16.200.280 $ 17.410.646 $ 1.210.366
See accompanying notes to financial statements.
- 77 -
CITY OF COLLEGE STATION
UTILITY FUND
STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1982
E-7
Page 1 of 3
Variance
Favorable
Budget Actual (Unfavorable)
ELECTRICAL TRANSMISSION:
Supplies $ 300 $ 26 $ 274
Building Maintenance 1,270 1,269 1
Equipment Maintenance 200 -0- 200
Services 6,473,098 5,901,946 571, 152
Sundry 27 27 -0-
Total Operating-
Electrical Transmission $ 6,474,895 $ 5,903,268 $ 571,627
Capital Outlay 103,516 103,516 -0-
Total Electrical Transmission $ 6,578,411 $ 6,006,784 $ 571,627
ELECTRICAL DISTRIBUTION:
Salaries and Benefits $ 359,382 $ 368,343 $ (8,961 )
Supplies 240,051 240,133 (82)
Building Maintenance 70,000 54, 176 15,824
Equipment Maintenance 23,217 21,615 1,602
Services 15,000 11,342 3,658
Sundry 5,036 4,358 678
Total Operating-
Electrical Distribution $ 712,686 $ 699,967 $ 12,719
Capital Outlay 1,119,003 1, 166,866 (47,863)
Total Electrical Distribution $ 1,831,689 $ 1,866,833 $ (35,144)
WATER PRODUCTION:
Salaries and Benefits $ 189,372 $ 156,274 $ 33,098
Supplies 24,360 17,655 6,705
Building Maintenance 6,300 1,791 4,509
Equipment Maintenance 12,058 4,204 7,854
Services 671,642 631,226 40,416
Sundry 3,950 3,364 586
Total Operating-
Water Production $ 907,682 $ 814,514 $ 93,168
Capital Outlay 13,975 11,300 2,675
Total Water Production $ 921,657 $ 825,814 $ 95,843
WATER DISTRIBUTION:
Salaries and Benefits $ 186,551 $ 132,493 $ 54,058
Supplies 16,650 14,774 1,876
Building Maintenance 93,320 35,527 57,793
Equipment Maintenance 30,753 30,748 5
Services 28,740 48,295 (19,555)
Sundry 3,440 2,949 491
Total Operating-
Water Distribution $ 359,454 $ 264,786 $ 94,668
Capital Outlay 216,600 89,822 126,778
Total Water Distribution $ 576,054 $ 354,608 $ 221,446
See accompanying notes to financial statements.
- 78 -
CITY OF COLLEGE STATION
UTILITY FUND
STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1982
E-7
Page 2 of 3
Variance
Favorable
Budget Actual (Unfavorable)
SEWER TREATMENT:
Salaries and Benefits $ 245,297 $ 159,569 $ 85,728
Supplies 30,052 21,328 8,724
Building Maintenance 45,700 35,474 10,226
Equipment Maintenance 7,360 4,999 2,361
Services 144,230 137,076 7,154
Sundry 12,080 10,409 1,671
Total Operating -
Sewer Treatment $ 484,719 $ 368,855 $ 115,864
Capital Outlay 29,270 26, 120 3, 150
Total Sewer Treatment $ 513,989 $ 394,975 $ 119,014
SEWER COLLECTION:
Salaries and Benefits $ 175,692 $ 133,908 $ 41,784
Supplies 22,608 19,614 2,994
Building Maintenance 98,575 12,164 86,411
Equipment Maintenance 9,700 6,642 3,058
Services 5,060 4,514 546
Sundry 1,650 1,337 313
Total Operating -
Sewer Collection $ 313,285 $ 178, 179 $ 135,106
Capital Outlay 53,444 47,594 5,850
Total Sewer Collection $ 366,729 $ 225,773 $ 140,956
NON-DEPARTMENTAL:
Administrative Transfers
to General Fund $ 1,027,287 $ 1,072,287 $ (45,000)
Sundry -0- 2,656 (2,656)
Total Operating - Non-Departmental $ 1,027,287 $ 1,074,943 $ (47,656)
Non-Operating and Contributions
Transfers to Debt Service Fund 667,384 667,384 -0-
Revenue Bond Principal 763,000 763,000 -0-
Revenue Bond Interest 750,845 942, 105 (191,260)
Transfers to General Fund 1,647,247 1,647,247 -0-
Transfers to WWTP Building Fund 123,100 123,100 -0-
Contingency 321,725 -0- 321,725
Total Non-Departmental $ 5,300,588 $ 5,217,779 $ 82,809
TOTAL UTILITY BUDGETARY AND
ACTUAL EXPENDITURES: $ 16.089, 117 $ 14,892,566 $ 1,196,551
See accompanying notes to financial statements.
- 79 -
CITY OF COLLEGE STATION
UTILITY FUND
STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1982
E-7
Page 3 of 3
Variance
Favorable
Budget Actual (Unfavorable)
RECAP OF EXPENDITURES:
Salaries and Benefits $ 1,156,294 $ 950,587 $ 205,707
Supplies 334,021 313,530 20,491
Building Maintenance 315, 165 140,401 174,764
Equipment Maintenance 83,288 68,208 15,080
Services 7,337,770 6,734,399 603,371
Sundry 26, 183 25, 100 1,083
Administrative Transfers 1,027,287 1,072,287 (45,000)
Total Operating -
Utility $ 10,280,008 $ 9,304,512 $ 975,496
Capital Outlay 1,535,808 1,445,218 90,590
Non-Operating and Contributions 4,273,301 4,142,836 130,465
TOTAL UTILITY BUDGETED AND
ACTUAL EXPENDITURES $ 16.089.117 $ 14.892.566 $ 1.196.551
See accompanying notes to financial statements.
- 80 -
CITY OF COLLEGE STATION
UTILITY FUND
SCHEDULE OF RESTRICTED ASSETS AND LIABILITIES
PAYABLE FROM RESTRICTED ASSETS
JUNE 30, 1982 E-8
Revenue
Bond Capital Customers'
Interest Project Meter
And Sinking Funds Deposits Totals
RESTRICTED ASSETS
Cash in Banks $ 3,804 $ 73,576 $ 663,054 $ 740,434
Certificates of Deposit 1,451,000 5,103,000 500,000 7,054,000
Accrued Interest Receivable 52,572 81,923 -0- 134,495
Due From Other Funds -0- 326,049 -0- 326,049
Due From Restricted Assets -0- 1,733,895 -0- 1,733,895
Inventories -0- 2,398 -0- 2,398
TOTAL RESTRICTED ASSETS: $1,507,376 $7,320,841 51. 163.054 $9.991,271
LIABILITIES PAYABLE FROM
RESTRICTED ASSETS
Construction Contracts and
Retainage Payable $ -0- $ 62,452 $ -0- $ 62,452
Accrued Revenue Bond Interest
Payable 423,359 -0- -0- 423,359
Currently Maturing Portion
of Revenue Bonds 1,193,000 -0- -0- 1,193,000
Due to Other Funds -0- 105,235 -0- 105,235
Due to Restricted Funds -0- 2,329,301 -0- 2,329,301
Customers' Meter Deposits -0- -0- 1,163,054 1, 163,054
TOTAL LIABILITIES PAYABLE FROM
RESTRICTED ASSETS: $1.616,359 $2.496.988 $1,163,054 $5,276.401
See accompanying notes to financial statement.
- 81 -
CITY OF COLLEGE STATION
UTILITY FUND
SCHEDULE OF FIXED ASSETS AND DEPRECIATION
JUNE 30, 1982 E-9
Assets
Balances Balances
7/1/81 Additions Deductions 6/30/82
ELECTRIC SYSTEM:
Switch Stations, Transmission
& Distribution Lines $ 5,982,390 $ 1,891,330 $ -0- $ 7,873,720
Electric Service Equipment 56,295 -0- -0- 56,295
Meters 532,456 -0- -0- 532,456
Transformers 882,781 -0- -0- 882,781
' General & Office Equipment 109,530 39,327 -0- 148,857
Automotive Equipment 190,875 116,236 -0- 307, 111
Land 98,234 134,410 -0- 232,644
Construction-In-Progress 21,435 1,438,412 910,922 548,925
$ 7,873,996 $ 3,619,715 $ 910,922 $10,582,789
WATER SYSTEM:
Transmission & Distribution Lines $ 4,900,289 $ 1,431,748 $ -0- $ 6,332,037
Water Service Equipment 17,697 -0- -0- 17,697
Meters 427,605 -0- -0- 427,605
Storage Tanks 492,555 5,230,037 -0- 5,722,592
Waterwell Drilling Costs 672,429 -0- -0- 672,429
General & Office Equipment 146,395 10,762 -0- 157,157
Automotive Equipment 157,530 6,154 -0- 163,684
Land 164,694 44,675 -0- 209,369
Construction-In-Progress 5,759,329 853,535 6,473,634 139,230
$12,738,523 $ 7,576,911 $6,473,634 $13,841,800
SEWER SYSTEM:
Transmission & Distribution Lines $ 634,978 $ 41,328 $ -0- $ 676,306
Outfall Lines & Lift Station 1,933,471 -0- -0- 1,933,471
Treatment Plant & Equipment 2,670,146 -0- -0- 2,670,146
General Equipment 31,464 19,087 -0- 50,551
Automotive Equipment 30,156 13,299 -0- 43,455
Land 132,942 10,585 -0- 143,527
Construction-In-Progress -0- 63,086 -0- 63,086
$ 5,433,157 $ 147,385 $ -0- $ 5,580,542
COMPUTER SYSTEM:
Computer Equipment $ 152,882 $ -0- $ -0- $ 152,882
TOTAL FIXED ASSETS: $26.198.558 $11.344.011 $7.384.556 $30. 158.013
See accompanying notes to financial statement.
- 82 -
Depreciation Net
Balances Balances Asset
7/1/81 Additions 6/30/82 Value
$ 669,650 $247,832 $ 917,482 $ 6,956,238
3,729 1,878 5,607 50,688
162,881 18,636 181,517 350,939
278,266 30,897 309, 163 573,618
57,900 9,602 67,502 81,355
91,845 37,843 129,688 177,423
-0- -0- -0- 232,644
-0- -0- -0- 548,925
$1,264,271 $346,688 $1,610,959 $ 8,971,830
$ 498,217 $141,761 $ 639,978 $ 5,692,059
294 441 735 16,962
177,446 17,070 194,516 233,089
153,924 77,689 231,613 5,490,979
10,212 18,294 28,506 643,923
103,663 7,604 111,267 45,890
75,065 24,080 99, 145 64,539
-0- -0- -0- 209,369
-0- -0- -0- 139,230
$1,018,821 $286,939 $1,305,760 $12,536,040
$ 258,253 $ 15,278 $ 273,531 $ 402,775
173,623 48,337 221,960 1,711,511
352,366 70,872 423,238 2,246,908
22,088 6,713 28,801 21,750
7, 161 10, 134 17,295 26, 160
-0- -0- -0- 143,527
-0- -0- -0- 63,086
$ 813,491 $151,334 $ 964,825 $ 4,615,717
$ 23, 155 $ 15,289 $ 38,444 $ 114,438
$3. 119.738 $800.250 $3.919.988 $26.238.025
- 83 -
CITY OF COLLEGE STATION
UTILITY FUND
SCHEDULE OF REVENUE BOND DEBT
JUNE 30, 1982
E-10
DEBT
Original Balance
Date Issue Retired 6/30/82
Water and Sewer System and 2/01/67 $ 333,000 $ 287,000 $ 46,000
Electric Light and Power
System Revenue Refunding
Bonds - Series 1967
Water and Sewer System and 2/01/67 600,000 385,000 215,000
Electric Light and Power
System Revenue Bonds -
Series 1967
Utility System Revenue Bonds - 8/01/71 800,000 440,000 360,000
Series 1971
Utility System Revenue Bonds - 8/01/73 500,000 225,000 275,000
Series 1973
Utility System Revenue Bonds - 8/01/76 3,000,000 600,000 2,400,000
Series 1976
Utility System Revenue Bonds - 5/01/79 6,145,000 520,000 5,625,000
Series 1979
Utility System Revenue Bonds - 5/01/81 3,000,000 300,000 2,700,000
Series 1981
Utility System Revenue Bonds - 2/01/82 4,220,000 -0- 4,220,000
Series 1982
$18.598.000 $2.757.000 $15.841.000
BONDS AUTHORIZED AND UNISSUED:
Utility System Revenue Bonds-
Series 1981 $ 9.325.000
See accompanying notes to financial statements.
- 84 -
MATURITIES REQUIREMENTS
Fiscal Year 1982-83 Fiscal Year 1983-84
From To Annually Principal Interest Principal Interest
2/01/83 2/01/84 $ 23,000 $ 23,000 $ 1,540 $ 23,000 $ 770
Matured 5,000 30,000 7,605 30,000 6,525
2/01/83 2/01/89 30,000
2/01/83 2/01/91 40,000 40,000 19,440 40,000 17,320
2/01/83 2/01/93 25,000 25,000 13,913 25,000 12,663
2/01/83 2/01/93 150,000 150,000 136,575 150,000 127,575
2/01/94 2/01/95 175,000
2/01/96 1/01/97 200,000
2/01/83 2/01/84 225,000 225,000 318,225 225,000 301,913
2/01/85 275,000
2/01/86 300,000
2/01/87 325,000
2/01/88 2/01/91 350,000
2/01/92 2/01/97 400,000
2/01/98 475,000
2/01/83 2/01/91 300,000 300,000 256,950 300,000 225,450
2/01/83 395,000
2/01/84 2/01/92 425,000 395,000 462,800 425,000 423,300
$1.188.000 $1.217.048 $1.218.000 $1. 115.516
- 85 -
CITY OF COLLEGE STATION
SANITATION FUND
BALANCE SHEET
JUNE 30, 1982
E-11
ASSETS
CURRENT ASSETS:
Cash on Hand and in Bank $ 44,636
Certificate of Deposit 200,000
Accounts Receivable 3,503
Due From Other Funds 114,748
Inventories 12,220
Prepaid Expenses 6,799
Total Current Assets $381,906
FIXED ASSETS: Cost Depreciation Net
Automotive Equipment $247,063 $124,798 $122,265
Machinery, Tools & Equipment 439,222 239,387 199,835
Land 39,701 -0- 39,701
Total Fixed Assets $725.986 $364.185 361,801
TOTAL ASSETS: $743.70
LIABILITIES
CURRENT LIABILITIES:
Accounts Payable $ 1.,787
Due to Other Funds 3,281
TOTAL LIABILITIES: $ 5,068
FUND EQUITY
Contributed Capital:
Federal Government $ 54,901
Retained Earnings:
Unreserved 683,738
Total Fund Equity $738,639
TOTAL LIABILITIES AND FUND EQUITY: $743.707
See accompanying notes to financial statements.
- 86 -
CITY OF COLLEGE STATION
SANITATION FUND
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN RETAINED EARNINGS
FOR THE YEAR ENDED JUNE 30, 1982
E-12
OPERATING REVENUES:
Charges for Services
Residential $548,454
Commercial 192,583
Landfill 29,329
Total Operating Revenues $770,366
OPERATING EXPENSES:
Salaries and Benefits $403,240
Supplies
Equipment Maintenance
Services
Sundry
Depreciation
Total Operating Expenses $(C")t
Net Operating Income $133,
NONOPERATING REVENUES (EXPENSES) :
Interest Earnings 15,973
Miscellaneous Fees 15,580
Total Nonoperating Revenues (Expenses) $ 31,553
Income Before Operating Transfers $165,497
Operating Transfers In (Out) (53,235)
NET INCOME: $112,262
Retained Earnings at Beginning of Year 571,476
RETAINED EARNINGS AT END OF YEAR: $683,738
See accompanying notes to financial statements.
- 87 -
CITY OF COLLEGE STATION
SANITATION FUND
STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1982
E-13
Variance
Favorable
Budget Actual (Unfavorable)
SANITATION COLLECTION (RESIDENTIAL) :
Salaries and Benefits $337,508 $307, 129 $ 30,379
Supplies 19,100 16,473 2,627
Equipment Maintenance 40,453 40,693 (240)
Services 492 324 168
Sundry 3,171 4,928 (1,757)
Total Operating - Sanitation Collection
(Residential) $400,724 $369,547 $ 31,177
Total Sanitation Collection (Residential) $400,724 $369,547 $ 31,177
SANITATION COLLECTION (COMMERCIAL) :
Salaries and Benefits $ 48,873 $ 40,055 $ 8,818
Supplies 3,928 3,670 258
Equipment Maintenance 10,017 9,943 74
Services 1 ,000 -0- 1,000
Sundry 588 912 (324)
Total Operating - Sanitation Collection
(Commercial) $ 64,406 $ 54,580 $ 9,826
Total Sanitation Collection (Commercial) $ 64,406 $ 54,580 $ 9,826
SANITATION DISPOSAL:
Salaries and Benefits $ 55,963 $ 56,056 $ (93)
Supplies 5,100 4,034 1,066
Building Maintenance 200 -0- 200
Equipment Maintenance 20,000 17,472 2,528
Services 10,060 6,283 3,777
Sundry 315 483 (168)
Total Operating - Sanitation Disposal $ 91,638 $ 84,328 $ 7,310
Capital Outlay - Machinery, Tools, Equipment 63,000 -0- 63,000
Capital Outlay - Land 41,642 -0- 41,642
Total Sanitation Disposal $196,280 $ 84,328 $111,952
TOTAL SANITATION BUDGETED AND
ACTUAL EXPENDITURES: $661.410 $508.455 $152.955
RECAP OF EXPENDITURES:
Salaries and Benefits $442,344 $403,240 $ 39,104
Supplies 28,128 24,177 3,951
Building Maintenance 200 -0- 200
Equipment Maintenance 70,470 68, 108 2,362
Services 11,552 6,607 4,945
Sundry 4,074 6,323 (2,249)
Capital Outlay 104,642 -0- 104,642
$661.410 $508.455 $152.955
See accompanying notes to financial statements.
- 88 -
FIDUCIARY FUNDS
Pension Trust Fund
Firemen's Relief and Retirement - to account for
the accumulation of resources to be used for
retirement annuity payments at appropriate amounts
and time in the future. The fund does not account
for the administrative costs of the System, which
are borne by the general fund. Resources are
contributed by employees at an annual fixed rate.
The City has voluntarily contributed amounts as
needed to maintain the solvency of the fund. The
potential future liabilities related to these
payments appear to be minimal due to the fact that
it is estimated by the City that there are
approximately five or less past employees who
could become eligible for these $25.00 per month
payments in the future.
Expendable Trust Funds
Cemetery - Perpetual Care - to account for portion
of cemetery plot sales proceeds that is designated
as a contribution to the perpetual care fund.
Funds are to be expended for maintenance and care
of the City's cemetery.
- 89 -
CITY OF COLLEGE STATION
ALL FIDUCIARY FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1982 F-1
Pension Trust Expendable
Fund Trust Fund
Firemen's Relief Cemetery - Totals
and Perpetual June 30,
ASSETS Retirement Care 1982
Cash $364 $ 8,113 $ 8,477
Certificates of Deposit -0- 24,000 24,000
Accrued Interest Receivable -0- 2,758 2,758
Due from Other Funds -0- 967 967
TOTAL ASSETS: $364 $35,838 $36,202
FUND BALANCE
Reserved for Firemen's Relief
and Retirement $364 $ -O- $ 364
Reserved for Cemetery Perpetual Care -0- 35,838 35,838
TOTAL FUND BALANCE: $364 $35,838 $36_,202
See accompanying notes to financial statements.
- 90 -
GENERAL FIXED ASSETS ACCOUNT GROUP
To account for fixed assets not used in proprietary fund
operations or accounted for in trust funds.
- 91 -
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- 92 -
CITY OF COLLEGE STATION
GENERAL FIXED ASSETS ACCOUNT GROUP
STATEMENT OF GENERAL FIXED ASSETS
JUNE 30, 1982 G-1
GENERAL FIXED ASSETS:
Land $ 1,937,391
Buildings and Improvements 3,413,729
Machinery, Tools, and Equipment 1,734,981
Motor Vehicles 799,593
Parks and Recreation Equipment 2,025,525
Paving Sidewalks and Streets 4,739,140
Construction in Progress 275,844
TOTAL GENERAL FIXED ASSETS: $14.926.203
INVESTMENT IN GENERAL FIXED ASSETS FROM:
Capital Projects Funds:
General Obligation Bonds $ 3,859,209
Certificates of Obligation 212,725
Federal Grants 521,778
General Fund Revenues 1,435,548
Special Revenue Fund Revenues 883,375
Acquisitions Prior to July 1, 1979 - Source Undetermined 8,013,568
TOTAL INVESTMENT IN GENERAL FIXED ASSETS: $14.926.203
See accompanying notes to financial statements.
- 93 -
CITY OF COLLEGE STATION
GENERAL FIXED ASSET ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
FOR THE YEAR ENDED JUNE 30, 1982 G-2
Buildings
and
Function and Activity Total Land Improvements
BALANCES - JUNE 30, 1981 $12,370,002 $1,888,748 $2,606,813
ADDITIONS BY FUNCTION & ACTIVITY:
General Fund:
Administration $ 27,424 $ -0- $ 63
Finance 81,796 -0- 175
Public Service 129,655 -0- -0-
Police 160,462 -0- -0-
Fire 38,670 -0- -0-
Engineering 13,997 -0- -0-
Parks 46,407 -0- -0-
Total General Fund $ 498,411 $ -0- $ 238
CAPITAL PROJECTS FUNDS:
Community Center $ 733,366 $ -0- $ 806,678
Community Development 70,966 -0- -0-
Computer Project 35,467 -0- -0-
Certificate of Obligation Funds 152,143 -0- -0-
1971 Bond Funds 71,366 -0- -0-
1976 Bond Funds 320 -0- -0-
1978 Bond Funds 266,186 -0- -0-
1978 Series II Bond Funds 458,306 -0- -0-
1981 Bond Funds 56,984 -0- -0-
1982 Bond Funds 212,686 48,643 -0-
Total Capital Projects $ 2,057,790 $ 48,643 $ 806,678
BALANCES - JUNE 30, 1982: $14,926,203 $1,937,391 $3.413,729
See accompanying notes to financial statements.
- 94 -
Machinery, Parks & Paving Construction
Tools, Motor Recreation Sidewalks In
Equipment Vehicles Equipment & Streets Progress
$1,338,687 $427,089 $1,461,377 $4,238,048 $409,240
$ 17, 116 $ 10,245 $ -0- $ -0- $ -0-
81,621 -0- -0- -0- -0-
111,495 18, 160 -0- -0- -0-
44,613 115,849 -0- -0- -0-
30,670 8,000 -0- -0- -0-
6,472 7,525 -0- -0- -0-
46,407 -0- -0- -0- -0-
$ 338,394 $159,779 $ -0- $ -0- $ -0-
$ -0- $ -0- $ -0- $ -0- $(73,312)
-0- -0- 31,353 162,161 (122,548)
35,467 -0- -0- -0- -0-
-0- 212,725 -0- -0- (60,582)
-0- -0- -0- 71,366 -0-
-0- -0- -0- 320 -0-
-0- -0- -0- 266, 186 -0-
-0- -0- 532,795 -0- (74,489)
-0- -0- -0- 1,059 55,925
22,433 -0- -0- -0- 141,610
$ 57,900 $212,725 $ 564, 148 $ 501,092 ($133,396)
$1,734.981 $799.593 $2.025,525 $4.739. 140 $275,844
- 95 -
GENERAL LONG-TERM DEBT ACCOUNT GROUP
To present the outstanding general obligation debt of
the City, including notes, certificates of obligation
and general obligation bonds. These are secured by a
pledge of revenues from tax collections.
- 96 -
CITY OF COLLEGE STATION
GENERAL LONG TERM DEBT ACCOUNT GROUP
STATEMENT OF GENERAL LONG TERM DEBT
JUNE 30, 1982
H-1
AMOUNT AVAILABLE AND TO BE PROVIDED
FOR THE PAYMENT OF GENERAL LONG-TERM DEBT
Amount Available in Debt Service Fund $ 812,717
Amount to be Provided for Debt Service 16,151,455
TOTAL AVAILABLE AND TO BE PROVIDED: $16.964. 172
GENERAL LONG-TERM DEBT PAYABLE
Tax Obligation Bonds $14,690,000
Certificates of Obligation 2,238,843
Notes Payable 35,329
TOTAL GENERAL OBLIGATION LONG-TERM DEBT: $16.964. 172
See accompanying notes to financial statements.
- 97 -
CITY OF COLLEGE STATION
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF TAX OBLIGATION BOND DEBT
JUNE 30, 1982
H-2
DEBT
Date Authorized Issued Retired Outstanding
1968 City Hall, Fire/ 8/01/68 $ 840,000 $ 840,000 $ 290,000 $ 550,000
Police Headquarters,
Street Improvements
1971 Street Improvements 8/01/81 500,000 500,000 275,000 225,000
1976 Street Improvements; 8/15/76 9,865,000 5,840,000 1,375,000 4,465,000
Electric, Water Works &
Sewer Systems Improve-
ments; Police, Fire, &
Warehouse Buildings;
City Hall Expansion;
Park Improvements;
Civic Center
1978 Series I - Issue 2/01/78 3,525,000 700,000 2,825,000
Balance of 1976 Autho-
rization (See Above)
1978 Series II - Street 5/15/78 3,020,000 3,020,000 450,000 2,570,000
Improvements; Police,
Fire, Warehouse Build-
ings; Park Improvements
1981 Series - Street 5/15/81 10,795,000 1,500,000 150,000 1,350,000
Improvements; City Hall
Building, Park Improve-
ments, Park Land
1982 Series - Issue 2/15/82 2,705,000 -0- 2,705,000
1981 authorization for
Street Improvements,
Park Land
TOTAL TAX OBLIGATION BONDS: $25,020.000 $17,930,000 $3.240,000 $14.690.000
BONDS AUTHORIZED
AN UNISSUED:
1976 Series - Civic Center $ 500,000
1981 Series - Street 6,590,000
Improvements, City Hall
Building, Park Improve-
ments, Park Land
TOTAL: $ 7.090.000
See accompanying notes to financial statements.
- 98 -
MATURITIES REQUIREMENTS
Fiscal Year 1982-83 Fiscal Year 1983-84
From To Annually Principal Interest Principal Interest
8/01/82 8/01/84 $ 35,000 $ 35,000 $ 24,475 $ 35,000 $ 22,935
8/01/85 8/01/87 40,000
8/01/88 8/01/92 45,000
8/01/93 8/01/94 50,000
8/01/82 8/01/90 25,000 25,000 11,825 25,000 10,575
8/15/82 275,000 275,000 244,350 290,000 227,850
8/15/83 290,000
8/15/84 8/15/96 300,000
2/01/83 2/01/97 175,000 175,000 138,275 175,000 128,125
2/01/98 200,000
5/15/83 5/15/98 150,000 150,000 136,835 150,000 129,110
5/15/99 170,000
2/15/83 2/15/91 150,000 150,000 125,588 150,000 109,463
2/15/83 230,000 230,000 292,813 275,000 265,788
2/15/84 2/15/92 275,000
$1.040.000 $974. 161 $1. 100.000 $893.846
- 99 -
CITY OF COLLEGE STATION
GENERAL LONG-TERM DEBT ACCOUNT GROUP
SCHEDULE OF OTHER TAX OBLIGATION DEBT
H-3
Number, Type/Creditor Original Balance
and Purpose of Debt Rate Date Amount Retirements 6/30/82
Certificate of Obligation:
00001 Sanitary Landfill Site 5.97% 6/08/81 $ 208,000 $41,600 $ 166,400
00002 Sewage Treatment Plant 9.25% 7/24/81 284,063 -0- 284,063
00003 Sewage Treatment Plant 12.00% 7/15/81 1,297,000 -0- 1,297,000
00004 College Station Civic
Center 11.00% 10/23/81 400,000 -0- 400,000
00005 Motor Grader 9.45% 11/13/81 91,380 -0- 91,380
TOTAL CERTIFICATES OF OBLIGATION: $2.280.443 $41.600 $2.238.843
Notes Payable:
Xerox-Copy Machine 5.00% 3/28/78 $ 6,413 $ 5,332 $ 1,081
Liddie B. Arnold -
Park Land 7.00% 4/17/78 68,498 34,250 34,248
TOTAL NOTES PAYABLE $ 74.911 $39,582 $ 35.329
See accompanying notes to financial statements.
• - 100 -
MATURITIES REQUIREMENTS
Fiscal Year 1982-1983 Fiscal Year 1983-84
From To Annually Principal Interest Principal Interest
6/08/83 6/08/86 $ 41,600 $ 41,600 $ 9,934 $ 41,600 $ 7,451
7/24/82 7/24/91 28,406 28,406 26,276 28,406 23,648
7/15/82 18,002 18,002 155,640 20, 163 153,480
7/15/83 20, 163
7/15/84 22,582
7/15/85 25,292
7/15/86 28,327
7/15/87 31,726
7/15/88 1,150,908
10/23/82 10/23/91 40,000 40,000 44,000 40,000 39,600
11/13/82 11/13/86 18,276 18,276 8,635 18,276 6,908
$146.284 $244.485 $148.445 $231.087
7/01/82 $ 1,081 $ 1,081 $ 297 $ -0- $ -0-
4/17/83 4/17/86 8,562 8,562 2,397 8,562 1,798
S 9.643 $ 2.694 $ 8.562 $ 1.798
- 101 -
CITY OF COLLEGE STATION
GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION 5/
LAST TEN FISCAL YEARS
-UNAUDITED-
Table I
Fiscal General Parks & Debt
Year Government 2/ Police 3/ Fire 4/ Sanitation Streets Recreation Service
1972-73 $ 172,918 $ 155,266 $ 59,581 $ 81,611 $114,243 $ 21,864 $ 106,835
1973-74 239,880 215,001 97,252 79,275 185,082 49,695 103,906
1974-75 264,948 262,306 138,450 135,480 176,488 113,272 106,255
1975-76 330,999 339,047 186,212 127,874 166,781 143,597 102,717
1976-77 425,957 421,023 330,805 251,652 296,716 238,714 340,531
1977-78 576,522 448, 178 479,468 242,976 219,884 386,581 308,265
1978-79 897,270 572,840 456,599 242,707 309, 145 366,660 539, 183
1979-80 1,442,672 920,773 687,264 1/ -0- 205,684 476,706 1,567,169
1980-81 1,808,105 1, 196,668 1,044,754 -0- 255,264 640,497 1,322,307
1981-82 2,694,409 1,651,836 1,388,723 -0- 405,758 779,480 1,571,830
1/ In fiscal year 79-80, the Sanitation Fund was set up as an Enterprise Fund and
is no longer supported by the General Fund.
2/ The general government column includes city manager, personnel, planning,
engineering, finance, public service administration, cemetery, building in-
spection, garage and nondepartmental categories.
3/ The police category includes municipal court.
4/ The fire column includes ambulance services.
5/ Expenditures presented include the General and Debt Service Funds.
- 103 -
CITY OF COLLEGE STATION
GENERAL REVENUE AND OTHER FINANCING BY SOURCE 3/
LAST TEN FISCAL YEARS
-UNAUDITED-
Table II
Fiscal Property 1% City Mixed Drink Franchise & Fines & Intergov'tl
Year Tax Sales Tax Tax Gross Receipts Forfeitures Revenue
1972-73 $100,691 $ 190,230 $ 3,000 $35,339 $ 22,008 $ -0-
1973-74 105,294 246,759 6,750 40,876 46,152 -0-
1974-75 209,704 396,784 10,305 51,083 74,471 2,997
1975-76 409,904 482,952 13,209 63,839 94,476 13,603
1976-77 424,222 581,708 22,272 79,858 113,675 -0-
1977-78 342,457 784,930 25,323 93,682 184,053 22,251
1978-79 438,268 919,492 32,234 103,752 288,306 55,394
1979-80 444,342 1,065,314 38,827 115,810 315,514 2/ 375,120
1980-81 513, 114 1,544,870 51,262 135,823 406,636 415,953
1981-82 606,989 1,794,603 80,119 177,753 418,371 260,215
1/ In fiscal year 79-80, the Sanitation Fund was set up as an Enterprise Fund and
is no longer supported by the General Fund.
2/ Revenue sharing transfers not made until FY 1979-80.
3/ The revenues and other financing sources for this schedule include General Fund
only.
- 104 -
Contribution
Charges For From Enterprise Interest Licenses
Services Funds Earned & Permits Miscellaneous Total
$140, 189 $ -0- $ 1,588 $ 31,376 $ 13,752 $ 538, 173
160,563 -0- 8,946 33,926 24,322 673,588
207,764 -0- 8,606 20, 114 33,694 1,015,522
237,488 58,000 10,407 51,429 77,850 1,513, 157
268,474 191,000 16,347 74,415 67,454 1,839,425
312,719 591 , 108 12,080 67,511 113,485 2,549,599
345,983 975,266 7,642 59,022 84,096 3,309,455
1/ 103,883 1,634,366 35,333 75,661 29,938 4,234, 108
136,719 2, 178, 103 101,846 217,423 48,456 5,750,205
177,930 2,719,534 274,716 297,031 417,709 7,224,970
- 105 -
CITY OF COLLEGE STATION
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
-UNAUDITED-
Table ITT
Total Current Percent Delinquent
Fiscal Tax Tax Of Levy Tax
Year Levy Collections Collected Collections
1972-73 $ 220,433 $212,029 96. 19% $ 4,830
1973-74 259,357 251,514 96.98 4,042
1974-75 327,455 299,839 91.57 10,419
1975-76 472,233 445,472 94.33 26,093
1976-77 553,050 530,731 95.96 28,521
1977-78 750,008 728,672 97. 16 19, 196
1978-79 892,181 867, 137 97. 19 15, 181
1979-80 1, 120,984 1,065,347 95.55 32,916
1980-81 1,178,167 1,127,500 95.70 44, 166
1981-82 1,281,560 1,236,615 96.50 50,820
- 106 -
Total Total Collections Outstanding Outstanding Delinquent
Tax As Percent Of Delinquent Taxes As A Percent
Collections Current Levy Taxes Of Current Levy
$ 216,859 98.38% $24,534 11. 13%
255,556 98.53 31, 130 12.00
310,258 94.75 48,867 14.92
471,565 99.86 49,807 10.55
559,252 101. 11 40,508 7.32
747,868 99.71 42,601 5.68
882,318 98.89 52,502 5.88
1,098,263 97.97 71,884 6.41
1,171,666 99.45 76,509 6.49
1,287,435 100.46 70,839 5.53
- 107 -
CITY OF COLLEGE STATION
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
-UNAUDITED-
Table IV
Real Property Personal Property
Estimated Estimated
Fiscal Assessed Actual Assessed Actual
Year Value Value Value Value
1972-73 $ 50,875,868 $ 63,594,835 $ 6,936,284 $ 8,670,355
1973-74 60,294,657 75,368,321 8,877,850 11,097,312
1974-75 76,248,230 95,310,287 11, 153,376 13,941,720
1975-76 92,839,625 116,049,531 17,899,207 22,374,009
1976-77 104,966,638 131,208,297 25,299,855 31,624,818
1977-78 120,853,467 151,066,834 25,023,668 31,279,585
1978-79 140, 112,861 175, 141,076 26,258, 105 32,822,631
1979-80 266,536, 120 333,170, 150 27,368,820 34,211,025
1980-81 288,809,588 361,011,985 28,255,830 35,319,787
1981-82 388,608,966 388,608,966 44,444,725 44,444,725
- 108 -
Total
Estimated Ratio of Total Assessed
Assessed Actual To Total Estimated
Value Value Actual Value
$ 57,812, 152 $ 72,265, 190 80%
69,172,507 86,465,633 80
87,401,606 109,252,007 80
110,738,832 138,423,540 80
130,266,493 162,833, 116 80
145,877,135 182,346,418 80
166,370,966 207,963,707 80
293,904,940 367,381,175 80
317,065,418 396,331,772 80
433,053,691 433,053,691 100
- 109 -
CITY OF COLLEGE STATION
PROPERTY TAX RATES, RATIOS AND LEVIES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
-UNAUDITED- Table V
TAX RATES
Fiscal (Per $100 of Assessed Value)
Year City School County State Total
1972-73 $ .375 $1.61 $1.25 $ .27 $6.88
1973-74 .375 1.67 1.20 .22 6.84
1974-75 .375 1.75 1. 15 . 17 6.82
1975-76 .43 1.77 1. 10 . 12 3.42
1976-77 .43 1.81 .97 . 12 3.33
1977-78 .52 1.40 1.00 . 10 3.02
1978-79 .56 1.27 .99 . 10 2.92
1979-80 .39 1.29 1. 15 . 10 2.93
1980-81 .39 1.40 .38 . 10 2.27
1981-82 .31 1. 18 .40 . 10 1.99
1/ The upper limit of the tax rate is set at $2.50/$100 of assessed value for each
jurisdiction by State Statute. This limit is for both operations and debt
service combined.
2/ The date that taxes are due for the City is the beginning of the fiscal year,
currently July 1. For other jurisdictions, the date is October 1. Taxes for
all jurisdictions become delinquent on February 1.
3/ The penalty is set by state law at 6% in February, and an additional 1% per
month up to 12%. The interest is accrued at 1% per month.
4/ The state legislature effectively eliminated state property taxes by reducing
the ratio to .0001% in fiscal year 1980-81.
• - 110 -
TAX RATIOS TAX LEVIES
County/
City School County State City School State
80% 80% 20% 20% $ 220,600 $1,129,836 $1,018,746
80 80 20 20 259,439 1,395,207 1,014,679
80 80 20 20 327,535 1,786,604 1,041,703
80 80 20 20 472,346 2,192,776 1,130,711
80 80 20 20 553,453 3,041,909 1,280,512
80 80 20 20 750,027 3,714,929 1,410,978
80 80 20 20 892,365 3,665,701 1,592,086
80 80 20 20 1,121,035 3,631,840 2,183,122
80 80 100 0 4/ 1, 176,291 4, 173,218 3,653,898
100 100 100 0 1,281,560 4,707,725 4,140,834
- 111 -
CITY OF COLLEGE STATION
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
-UNAUDITED- Table VI
Gross Less
Fiscal Estimated Assessed Bonded Debt Service
Year Population* Value Debt Cash Funds
1972-73 21,896 $ 57,812,152 $ 1,235,000 $ 37,546
1973-74 23,654 69,172,507 1, 190,000 81,831
1974-75 25,201 87,401,606 1,140,000 73,249
1975-76 27,227 110,738,832 1,090,000 36,224
1976-77 29,667 130,266,493 2,530,000 95,340
1977-78 32,348 145,877,135 3,046,250 365,282
1978-79 35,260 166,370,966 5,916,000 332,203
1979-80 37,296 293,904,940 1/ 11,945,000 1/ 722,498
1980-81 42,320 317,065,418 11,290,000 769,558
1981-82 45,623 433,053,691 14,690,000 812,717
* Source: Texas Highway Department
1/ In fiscal year 1979-80, all General Obligation Bonded Indebtedness was consol-
idated in the General Long Term Debt Group of Accounts. All retirement of that
debt was also made from the Debt Service Fund. In all prior years, a portion
of the debt was incorrectly reflected as indebtedness of the Utility Fund.
- 112 -
Net Ratio Of Net
Bonded Net Bonded Debt Bonded Debt
Debt To Assessed Value Per Capita
$ 1,197,454 2.07% $ 54.69
1, 108,169 1.60 46.85
1,066,751 1.22 42.33
1,053,776 0.95 38.70
2,434,660 1.87 82.07
2,680,968 1.84 82.88
5,583,797 3.36 158.36
11,222,502 3.82 300.90
10,520,442 3.32 248.59
13,877,283 3.20 304. 17
- 113 -
CITY OF COLLEGE STATION
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 1982
-UNAUDITED-
Table VII
The City of College Station has no general obligation legal debt limit other than a
ceiling on the tax rate as specified by the State of Texas. The prescribed maximum
is $2.50 per $100 at 100% valuation.
- 114
CITY OF COLLEGE STATION
STATEMENT OF DIRECT AND ESTIMATED OVERLAPPING DEBT
JUNE 30, 1982
-UNAUDITED-
Table VIII
ESTIMATED OVERLAPPING DEBT:
Net Debt City's Share
TAXING BODY: Amount As Of % Amount *Per Capita
College Station I.S.D. $22,475,000 8/31/82 72.96 $16,397,760 $359.42
Brazos County 9,009,000 12/31/82 32.48 2,926, 123 64. 14
Brazos County Road & Bridge 439,470 12/31/82 32.48 142,740 3. 13
Bryan I.S.D. 11, 124,000 8/31/82 2.05 228,042 4.99
$19,694,665 $431.68
NET DIRECT DEBT:
City of College Station 13,877,283 6/30/82 100.00 13,877,283 304. 17
NET DIRECT AND ESTIMATED
OVERLAPPING DEBT: $33.571.948 $735.85
*Population - 45,623
- 115 -
CITY OF COLLEGE STATION
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL OBLIGATION DEBT TO TOTAL GENERAL FUND EXPENDITURES
LAST TEN FISCAL YEARS
-UNAUDITED- Table IX
Total Total
Fiscal Debt General Fund
Year Principal Interest Service Expenditures Ratio
1972-73 $ 45,000 $ 61,801 $ 106,801 $ 740,845 14.42%
1973-74 45,000 58,872 103,872 901,771 11.52
1974-75 50,000 56,222 106,222 1, 115,793 9.52
1975-76 50,000 52,684 102,684 1,294,910 7.93
1976-77 50,000 290,441 340,441 1,964,868 17.33
1977-78 118,750 189,442 308, 192 2,353,609 13.09
1978-79 150,250 298,569 448,819 2,845,220 15.77
1979-80 884,036 683,133 1/ 1,567, 169 2/ 3,733,099 41.98
1980-81 684,435 637,503 1,321,938 4,945,288 26.73
1981-82 856,343 715, 120 1,571,463 6,920,206 22.71
1/ In fiscal year 79-80, all General Obligation Bonded Indebtedness was consol-
idated in the General Long Term Debt Group of Accounts. All retirement of that
debt was also made from the Debt Service Fund. In all prior years, a portion
of the debt was incorrectly reflected as indebtedness of the Utility Fund.
2/ In fiscal year 79-80, the Sanitation Fund was set up as an Enterprise Fund and
is no longer supported by the General Fund.
- 116 -
CITY OF COLLEGE STATION
SCHEDULE OF REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
-UNAUDITED-
Table X
Net Available AVERAGE ANNUAL
Fiscal Gross Operating For DEBT SERVICE REQUIREMENTS
Year Revenues Expenses Debt Service Principal Interest Total Coverage
1972-73 $ 2,089,404 $1,313,504 $ 775,900 $ 77,278 $ 31,218 $ 108,496 7. 15
1973-74 2,566,360 1,740,976 825,384 93,789 39,001 132,790 6.22
1974-75 3,457,424 2,704,674 752,750 92,888 36,432 129,320 5.82
1975-76 4,882,274 4,001,477 880,797 91,882 33,897 125,779 7.00
1976-77 6,544,345 5,507,207 1,037,138 234,315 127,636 361,951 2.87
1977-78 8,057,633 6,532,582 1,525,051 241,167 121,338 362,505 4.21
1978-79 8,862,537 6,210,206 2,652,331 239,941 114,618 354,559 7.48
1979-80 10,324,011 6,854,767 3,469,244 628,684 304,406 933,090 3.72
1980-81 11,917,202 7,974,852 3,942,350 521,334 291,244 812,578 4.85
1981-82 16,549,721 9,456,675 7,093,046 990,062 502,598 1,492,660 4.75
1/ City Ordinance No. 1026, as discussed in Note 4 to the financial statements,
possibly restricts the use of Utility Fund net revenues for the retirement of
General Obligation Bonded Indebtedness. No General Obligation Bonded Indebtedness
is included in the average annual debt service requirements.
- 117 -
CITY OF COLLEGE STATION
BANK DEPOSITS
LAST TEN FISCAL YEARS
-UNAUDITED-
Table XI
1972-73 $ 3,030,807
1973-74 3,709,349
1974-75 4,812,414
1975-76 6,695,186
1976-77 10,553,941
1977-78 12,284,766
1978-79 16,675,307
1979-80 24,502,611
1980-81 1/ 19,676,305
1981-82 2/ 38,013,719
1/ No bond funds were received during
FY 1980-81; $6,145,000 were
received in FY 1979-80.
2/ Bond funds and certificates of
obligation proceeds of $11,825,000
were received in FY 1981-82.
Source:
City of College Station Finance
Department.
- 118 -
CITY OF COLLEGE STATION
CONSTRUCTION PERMITS
LAST TEN YEARS
-UNAUDITED-
Table XII
Residential Commercial
Construction Construction Total
Number Number Number
Year Of Units Value Of Units Value Of Units Value
1972 129 $ 8,420,545 136 $ 2,391,947 265 $10,812,492
1973 132 9,794,748 145 7,265,785 277 17,060,533
1974 129 4,284,030 143 2,521,851 272 6,805,881
1975 261 7,724,706 200 2,389,553 461 10, 114,259
1976 239 18,095,062 221 3,511,939 650 21,607,001
1977 223 22,527,190 223 5,237,202 646 27,764,392
1978 287 8,899,612 240 10,250,643 527 19, 150,225
1979 267 11,606,261 252 6,212,298 519 17,818,559
1980 359 25,707,945 238 9,697,550 597 35,405,495
1981 603 50,667,095 417 30, 114,838 1020 80,781,933
- 119 -
CITY OF COLLEGE STATION
PRINCIPAL TAXPAYERS
JUNE 30, 1982
-UNAUDITED-
Table XIII
Percentage Of
1981 Total Assessed
Taxpayer Type of Business Assessed Valuation Valuation
General Telephone Company Utility $13,593,600 3. 14%
J. C. Culpepper Shopping Center 6,568,275 1.52
Continental Real Estate Apartment 6,075,125 1.40
Munzel Properties Apartment 6,034, 125 1.39
Martel Interest Apartment 5,954,950 1.38
United States Savings Bank Apartment 4,853,500 1. 12
Anderson-Ridge Associates Apartment 4,764,875 1. 10
Texas instruments Manufacturing 4,283,800 .99
Agency Record Control Light Industry 3,759,725 .87
Southwood Valley Inc. Developer 3,740,470 .86
$59.628.445 13.77
- 120 -
CITY OF COLLEGE STATION
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 1982
-UNAUDITED- Table XIV
Page 1 of 3
Date Incorporated October, 1938
Date First Charter Adopted October, 1938
Date Present Charter Adopted April, 1978
Form of Government Council-Manager
Area in Square Miles Year Sq. Mi.
1938 1.5
1948 4.2
1958 7.3
1968 17.3
1978 22.6
1982 23.8
Miles of Streets . . . .Paved 139.3 Miles
Unpaved 2.5 Miles
Miles of Sidewalks 26.4 Miles
Miles of Sanitary Sewer 124.4 Miles
Fire Protection:
Number. of Stations 2
Number of Full-Time Employees 62
Police Protection:
Number of Employees (Uniformed) 43
Number of Employees (Plain Clothes, Clerical) 27
Number of Patrol Units 14
One Jail Facility With a Capacity of 20
Recreation:
Number of Playgrounds 8
Number of Swimming Pools 2
Number of Soccer Fields 12
Number of Softball/Baseball Fields 14
Number of Picnic Shelters 4
Number of Gyms 1
- 121 -
CITY OF COLLEGE STATION
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 1982
-UNAUDITED- Table XIV
(CONTINUED) Page 2 of 3
Parks:
Facility Acres Facility Acres
Anderson Park 8.94 Lincoln Center 8.00
Bee Creek Park 43.50 Lion's Park 1.50
Brentwood Park 7.69 Longmire Park 4. 16
Brison Park 9.20 Merry Oaks 4.60
Brother's Pond 16. 12 Oaks Park 7.50
College Station Central Park 47.22 Parkway 1.00
Eastgate 1.00 Raintree 2.28
Fairview 1.80 Southwest Park 1.40
Gabbard Park 10.67 Southwood Complex 44.65
Georgia K. Fitch 10.30 Thomas Park 16. 10
Lemon Tree Park 15.43 Wayne Smith Park 4.07
TOTAL ACREAGE 267. 13
Utility Fund:
Electric Users 15,085
Water Users 11,522
Average Electrical Consumption: 18,786,952 KWH/Mo. During 1981-82
Average Water Consumption: 122,393,083 Gals. /Mo. During 1981-82
Number of Employees
Merit Exempt Total
Electric 23 1 24
Water 23 1 24
Water Capacity:
Number of Wells 4
Combined Capacity of Wells 12,000,000 MGD
Number of Ground Storage Tanks 2; Total Capacity 5,000,000 Gals.
Number of Elevated Storage Tanks 1; Total Capacity 1,000,000 Gals.
Miles of Water Lines 141.4
Electric Capacity:
Maximum Capacity 120 Megawatts
Number of Switching Stations 1
Number of Substations 2
Miles of Distribution Lines 122.0
- 122 -
CITY OF COLLEGE STATION
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 1982
-UNAUDITED- Table XIV
(CONTINUED) Page 3 of 3
Sanitation Fund:
Number of Users 12,461
Landfill Size 118 Acres
Methodology Curbside Pickup Using Plastic Bags
Education:
Attendance Centers 6
Number of Classrooms 248
Number of Teachers 280
Number of Students 4,445
Elections:
Number of Registered Voters:
Last General Election 1.6,598
Last Municipal Election 14,788
Number of Votes Cast In
Last General Election 1,658
Last Municipal Election . . . . . . . . . . . . . . . . . . . . . . . 1,899
Percentage of Registered Voters Voting In:
Last General Election 10%
Last Municipal Election 13%
Population:
Census Count 1982 *45,623
1980 37,306
1970 17,676
1960 11,396
1950 7,925
*1982 Estimate per Texas Highway Department
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