HomeMy WebLinkAboutFY 2000-2001 -- Comprehensive Annual Financial ReportP.O. Box 9960 .
February 15, 2002
Honorable Mayor
Members of the City Council
City of College Station, Texas
The Comprehensive Annual Finallcial Report of the City of College Station, Texas ("City"), for the
fiscal year ended September 30, ~~OO1, is submitted herewith as mandated by the City's Charter and
state statutes. The charter and statutes require that the City issue annually a report on its financial
position and activity and that this rl~port be audited by qualified public accountants. The City employs
Ingram, Wallis & Company to audit the financial section of this report. The City's Accounting Division
of the Fiscal Services Department prepares this financial report. Responsibility for the accuracy of the
presented data and the completE~ness and fairness of the presentation, including all disclosures,
rests with the City. Both City Staff and the auditors believe that the data, as presented, is accurate in
all material respects; that it is pre~;ented in a manner designed to fairly set forth the financial position
of the City's various funds and account groups; and that all disclosures necessary to enable the
reader to gain the maximum understanding of the City's financial affairs are included.
The Comprehensive Annual Financial Report is presented in three major sections: introductory ,
financial, and statistical. The intrcductory section, which is unaudited, includes this transmittal letter,
the City's organizational chart and a list of principal elected and appointed officials of the City. The
financial section includes the gene,ral purpose financial statements, the combining and individual fund
and account group financial stater1ents and schedules, as well as the auditors' report on the financial
statements and schedules. The statistical section, whic:h is unaudited, includes selected financial
and demographic information, gerlerally presented on a multi-year basis to allow for trend analysis of
the finances of the City.
The City is required to undergo an annual single audit in c:onformity with the provisions of the Federal
Single Audit Act of 1986, as amended, and U.S. Office of Management and Budget Circular A-133,
Audits of States, Local Govemme.'1ts, and Non-Profit Organizations. Information related to this single
audit, including the supplementary schedule of expenditures of federal and state awards, findings
and recommendations, and audit)rs' reports on the system of internal control and compliance with
applicable laws and regulations, are reported separately.
This report includes all funds and account groups of the City. The City provides a full range of
municipal services. These services include police and fire protection; the construction and
maintenance of streets, storm dr;3inage, and other infrastructure; municipal utilities in the areas of
electric, water, sewer, and sanitation; and recreational and cultural activities.
The College Station Independent School District is administered by a separately elected board and
operates with its own funding SOL rces; therefore, it is not included in this report.
3
[ome of Texas A&M Universitv
Embracing the Past, Exploring the Future.--
llQl Texas Avenue. College Station, TX 77842 .(979) 764-3500
www .ci.college-station.tx.us
9
Revenue Source
Fiscal Year
Ended
9/30/01
Percent
of Total
Fiscal Year
Ended
9/30/00
Increase
(Decrease)
General Fund Property Tax $3,813,167 10.14 %$3,420,720 $392,447
Sales and Mixed Drink Tax 13,031,079 34.64 12,759,591 271,488
Franchise Fees 1,644,627 4.37 1,577,815 66,812
Licenses and Permits 779,159 2.07 680,776 98,383
Fines, Forfeits and Penalties 1,796,203 4.78 1,393,505 402,698
Charges for Services 1,892,964 5.03 1,681,877 211,087
Operating Transfers In 6,895,193 18.33 6,303,785 591,408
Miscellaneous Revenues 1,750,703 4.65 1,622,967 127,736
Other Financing Sources 24,329 0.07 55,403 (31,074)
Debt Service Property Tax 5,986,114 15.92 5,546,863 439,251
Total Revenues and Other
Financing Sources $37,613,538 100.00 %$35,043,302 $2,570,236
Almost all revenues were up in fiscal year 2001 over fiscal year 2000 increasing by more than $2.5
million or 7.3%. The most significant absolute change in revenue sources from 2000 to 2001 was
Operating Transfers In which increased by approximately $591,000. The increase was 9.4% due to
increases in transfers to the General Fund and to the Debt Service Fund to pay for projects funded
through other sources. Ad valorem taxes to the General and Debt Service Funds together increased
by $831,698 or a year to year change of 9.3 percent. The increased tax revenue was due to
increased property values and continuation of the same ad valorem tax rate. Franchise Fees
increased by 4.2 percent as a result of growth in the number of customers for the local telephone,
cable, and natural gas companies, and a rate change by TXU Gas. Charges for Services increased
on a year to year basis by 12.6 percent due to continued efforts to allow users of specific services to
pay for those services and to increased revenues from emergency medical transports. Fines and
Penalties were up by 28.9 percent due to both increased enforcement activity and to increased fine
amounts.
REVENUES BY SOURCE
GENERAL AND DEBT SERVICE FUNDS
FISCAL YEAR 2001
$ 37,613,538
Sales Tax and
Mixed Drink Tax
34.64%
Other
20.97%
Operating
Transfer In
18.33%Property Tax
26.06%
10
Property taxes received during fiscal year 2001 were based on a tax levy of 42.93 cents per $100 of
assessed valuation. Under Texas statutes, assessed valuation represents 100 percent of market
value. The total assessed valuation of taxable properties was $2,273,664,174, which represents a
9.6 percent increase from fiscal year 2000. The increase was caused by the completion of several
major retail stores along with strong building activity in the single family and multifamily residential
sector. Distribution of property tax rates for the last five years is as follows:
Purpose 2001 2000 1999 1998 1997
General Fund $0.1662 $0.1631 $0.1618 $0.1516 $0.1602
Debt Service Fund 0.2631 0.2662 0.2675 0.2777 0.2825
Total Ad Valorem Tax Rate $0.4293 $0.4293 $0.4293 $0.4293 $0.4427
General Fund and Debt Service Fund Expenditures and Other Financing Uses. The following
schedule presents a summary of General Fund and Debt Service Fund expenditures for the fiscal
year ended September 30, 2001. Comparisons to the previous fiscal year are included.
Function
Fiscal Year
Ended 9/30/01
Percent
of Total
Fiscal Year
Ended 9/30/00
Increase
(Decrease)
Current:
General Government $8,783,263 23.56 %$7,812,664 $970,599
Police 8,273,632 22.20 7,567,620 706,012
Fire 5,702,804 15.30 5,179,104 523,700
Public Works 4,583,796 12.30 4,353,073 230,723
Parks and Recreation 5,185,737 13.91 5,168,231 17,506
Library Services 581,768 1.56 600,778 (19,010)
Less: Reimbursed
Administrative Costs (5,287,928)(14.19)(4,645,701)(642,227)
Other 606,757 1.63 545,248 61,509
Debt Service:
Principal 4,475,000 12.01 3,460,000 1,015,000
Interest and Fiscal
Charges 3,213,770 8.62 2,122,927 1,090,843
Debt Issuance Costs 38 0.00 0 38
Other 11,426 0.03 0 11,426
Capital Outlay 376,328 1.01 397,312 (20,984)
Operating Transfers Out 767,000 2.06 1,114,298 (347,298)
Total Expenditures and
Other Financing Uses $37,273,391 100.00 %$33,675,554 $ 3,597,837
Year to year expenditure changes for the General and Debt Services Funds can be attributed to a
number of general factors and a few specific decisions. The general factors include salary and
benefit changes and increases related to policies that set aside funds for future replacements. These
changes affect all departments. The council gave direction to focus on staff salaries to bring salaries
in line with similar employees in similar cities. The salary increases are the single most significant
change affecting expenditures over the past two years and will contribute to spending changes into
fiscal year 2002.
New positions in Police, Fire, Development Services, General Government and Parks contributed to
the year to year changes in expenditures. Additional authorization for street and drainage
maintenance also contributed to the total increase. Debt Service increases resulted from issuing
additional debt based on voter approved bonds and other debt issued for capital projects.
The net change in Reimbursed Administrative Costs was associated with services provided to other
operations of the City and relates to normal increases in costs. General and Administrative costs are
11
reviewed annually and costs are distributed to each of the operating funds based on that review. The
item listed as "Other" is related to the non-departmental expenditures of the City and is used for
funding of non-City activities and certain one-time projects not related to a particular department. The
decrease in expenditures from fiscal year 2000 to fiscal year 2001 is due to fewer funds being
allocated for one-time projects that were funded from the General Fund.
General Fund Balance. The unreserved and undesignated fund balance of the General Fund
increased by $1,004,517 in 2001, an 11.3 percent increase from fiscal year 2000. The City Council
policy on reserve levels requires that the undesignated fund balance be at least equal to 15 percent
of expenditures. The undesignated fund balance of $8,772,212 is approximately 30.45 percent of
fiscal year 2001 expenditures and exceeds the minimum requirement set by the Council policy.
Utility Enterprise Funds. The City of College Station operates electric, water, sewer, and solid waste
services for the benefit of its citizens. The City purchases 100 percent of its electric power
requirement from Texas Utilities. The City is served through two 138 kVA transmission lines tied to a
ring bus at the City switching station, four substations, and 290 miles of distribution lines. The electric
utility ended the fiscal year with working capital of $14,783,863 a decrease of $6,658,457 or 31.1
percent from fiscal 2000. Much of the decrease was due in large part to the City’s decision to use
current resources to provide for capital requirements for the electric system and certain other capital
acquisitions. This strategy will help to maintain a high debt to equity ratio and maintain relatively low
annual debt service payments. This strategy also allows the utility more flexibility as it faces the
challenges of deregulation within the electric utility industry. The City’s policy with regard to its
enterprise funds is to maintain at least 15 percent of annual expenses in working capital. At
September 30, 2001, Electric Fund working capital equalled approximately 38.2 percent of total
operating expenses.
EXPENDITURES BY FUNCTION
GENERAL AND DEBT SERVICE FUNDS
FISCAL YEAR 2001
$ 37,273,391
Debt Service
20.66%PARD
13.91%
Public Works
12.30%
General Government
9.37%
Other
6.26%
Public Safety
37.50%
12
Since 1981, the City has had the capability to produce and deliver 100 percent of its water needs
through its own water well and transmission system. The water production and transmission system
includes five wells with a combined capacity of 19.5 million gallons per day, and a delivery system of
14 miles of 30-inch diameter pipeline with two pumping stations. Working capital in the Water Fund at
the end of fiscal year 2001 was $9,575,193, down approximately 0.4 percent from fiscal 2000. Water
Fund working capital was 174.7 percent of total operating expense and exceeds the minimum
requirement for the fund under the Council's adopted policy. In fiscal year 2000, the City continued
using current resources to do some capital projects rather than issuing debt. This strategy should
help the City maintain its current rates without rate increases into the foreseeable future.
The Carter Creek Treatment Plant has a rated treatment capacity of 9.5 million gallons per day
(mgd). The Lick Creek Treatment Plant, the newer of the two plants, came on-line during 1988 and
has a 500,000 gallons per day treatment capacity. The two plants have a combined treatment
capacity of 10.0 mgd as compared to average current daily demand of 6 mgd. The Sewer Fund
ended the fiscal year with a working capital balance of $3,032,376, which was 0.6 percent above
fiscal year 2000. Wastewater Fund working capital was 62.5 percent of total operating expenses and
is well above the minimum requirement for the fund.
Sanitation services are provided to the citizens through a combination of residential curbside
pick-ups and commercial container services. For fiscal year 2001, the Sanitation Fund ended the
fiscal year with a working capital balance of $1,665,634, a decrease of 28.7 percent from fiscal year
2000. This decrease resulted from a combination of decisions: 1) a one-time transfer of cash to
assist in building an office building, along with water and wastewater funds and issuance of
certificates of obligation, 2) increased spending due to an additional commercial route and 3) a lower
than expected revenue increase resulting from an increase in commercial rates to pay for the
additional commercial route.
Summary financial information of the combined utility enterprise operations for the fiscal year ended
September 30, 2001, with comparison to the previous fiscal year, is as follows:
Fiscal Year
Ended 9/30/01
Fiscal Year
Ended 9/30/00
Operating Revenues:
Charges for Services:
Electric $42,290,635 $35,295,718
Water 8,072,508 8,703,923
Sewer 7,045,955 6,992,172
Sanitation 4,035,385 3,764,215
Other 1,775,758 1,986,696
Operating Expenses:
Salaries and Benefits 5,931,861 5,747,451
Supplies, Maintenance and Services 38,909,602 31,313,020
Reimbursed Administrative 4,166,242 3,569,149
Depreciation 3,676,882 3,669,798
Other 615,575 274,414
Nonoperating Revenues (Expenses):
Investment Income 2,886,561 2,580,558
Interest Expense (2,402,956)(2,161,994)
Other, Net 1,374,888 871,496
Operating Transfers Out (14,057,673)(9,923,785)
Net Income (Loss)$(2,279,101 )$3,535,167
15
The City separates the investment activities from traditional banking services. Regular banking
services are handled under a three-year depository agreement effective October 1, 2000, with First
American Bank. The City pays fees based on the activity level for the various services provided by
its depository bank. The City currently invests funds in a range of investments allowable under state
law. The City establishes accounts with major brokerages for the purchase and sale of U.S.
Government and Agency obligations. All purchases and sales of securities are on a
delivery-versus -payment basis through a safekeeping account at the City's third-party bank. As of
September 30, 2001, the City's investment portfolio consisted of the following:
Bank Demand Accounts $ 511,019
Flex Repurchase Agreement 37,477,423
State Investment Pool 17,064,251
U.S. Treasury Securities 5,623,444
U.S. Government Agencies and
Instrumentalities Securities 53,043,677
Total $113,719,814
The City earned $6,481,436 on an average investment balance of approximately $108 million, a rate
of return of 5.98 percent, for the year ended September 30, 2001. Compared to prior years' earnings
of $5,591,017 and a market benchmark of 5.35 percent, the City's investment yield was:
Investment results on the portfolio are compared to US Treasury note with a maturity that most
closely matches the portfolios dollar-weighted average maturity. Every Thursday a T-Bill matures
and proceeds are reinvested alternately in three month and six month T-Bills. This rolling index
provides a benchmark for evaluating risk-free cash management portfolios with short-term liquidity
needs for payroll and accounts payable.
Risk Management. The City's insurance programs are administered by the Risk Management
Division of the Fiscal Services Department. The City's workers' compensation claims are handled by
Texas Municipal League Intergovernmental Risk Pool. Property and liability claims are paid from a
self-insurance reserve fund carried to provide for claims of $25,000 or less with third party carriers
providing for claims in excess of that amount up to $1,000,000. Safety programs are coordinated on
an ongoing basis by the Risk Manager.
0%
2%
4%
6%
8%
10%
'97 '98 '99 '00 '01
RATES OF RETURN
City ROR Benchmark ROR
OTHER INFORMATION
Independent Audit. State stcltutes reql.Jire an annual audit by independent certified public
accountants. The accounting firrn of Ingrarn, Wallis & Company, P. C. has been retained by the City
Council for this function. In addition to meE~ting the requirements set forth in state statutes, the audit
also was designed to meet the requiremerlts of the Federal Single Audit Act, as amended, of 1996
and related OMB Circular A-133 The inde!pendent auditors' report on the general purpose financial
statements and combining, individual fund and account group statements and schedules is included
in the financial section of this re~lort. The auditors' reports related specifically to the single audit are
issued separately.
The Government Finance Officers Association of the United States and Canada ("GFOA") awarded a
Certificate of Achievement for E~cellence irl Financial Reporting to the City of College Station for its
Comprehensive Annual Financial Report ("CAFR") for the! fiscal year ended September 30, 2000.
The Certificate of Achievement is a presti,gious national award recognizing conformance with the
highest standards for preparation of state arld local government financial reports.
In order to be awarded a Certi11cate of Achievement, a government unit must publish an easily
readable and efficiently organized comprehensive annual financial report, whose contents conform to
program standards. Such CAFf~ must satisfy both generally accepted accounting principles and
applicable legal requirements.
A Certificate of Achievement is v31id for a ~)eriod of one year only. The City of College Station has
received a Certificate of Achievernent seventeen of the last eighteen years. We believe our current
report continues to conform to the Certific:3te of Achievement program requirements, and we are
submitting it to the GFOA.
Acknowledaments. The preparation of this report on a timely basis could not have been
accomplished without the efficient and dedicated services of the entire staff of the Fiscal Services
Department. We would like to express olJr appreciation to all members of the department who
assisted and contributed to its preparation. We would also like to thank the Mayor and City Council
for their interest and support in ,:>Ianning and conducting the financial operations of the City in a
responsible and progressive manner. Finallly, we would like to thank our auditors, Ingram, Wallis &
Company, P. C., whose professional expertise and advice have resulted in continuing improvements
in the quality of the City's financial reporting.
Respectfully submitted,
-~~
Thomas E. Brymer
City Manager
16
Charles Cryan
Director of Fiscal Services
IN':JRAM, WALLIS & COMPANY
A PROFESSIONAL CORPORATION
Certified Public Accountants
2100 Villa Maria, Suire 100
BRYAN, TEXAS 77802
James D
Thomas
James D
Richard
TELEPHONE
(979) 776-2600
TELECOPIER
(979) 774-7759
E:MAIL
iwc@ingram-wallis.com
Judith w. Childs
Kenneth W. Chumchal
Jennifer A. Stillman
Melanie R. Bingham
Melissa R. Meier
Donald B. Browning
Margine V. Porter
INDJEPENDENT AUDITORS' REPORT
Mayor Lynn Mcllhaney,
Members of the City Council atld City Manager of the
City of College Station, Texas
We have audited the accompan)ring general purpose financial statements of the City of College
Station, Texas (the "City"), as ofand for the year ended September 30,2001, as listed in the table
of contents. These general purpose financial statements are the responsibility of the City's
management. Our responsibility is to express an opinion on these general purpose financial
statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the general purpose
financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amount~i and disclosures in the general purpose financial statements. An
audit also includes assessing thl~ accounting principles used and significant estimates made by
management, as well as evaluating the overall general purpose financial statement presentation. We
believe that our audit provides a reasonable basis for our opinion.
In our opinion, the general pull)ose financial statements referred to above present fairly, in all
material respects, the financial position of the City, as of September 30,2001, and the results of its
operations and the cash flows of its proprietary fund types and nonexpendable trust funds for the year
then ended in conformity with ,lccounting principles generally accepted in the United States of
America.
In accordance with Government Auditing Standards, we have also issued our report dated January
18,2002, on our consideration of the City's internal control over financial reporting and on our tests
of its compliance with certain provisions of laws, regulations, contracts and grants. That report is
an integral part of an audit per1:Ormed in accordance with Government Auditing Standards and
should be read in conjunction Wilth this report in considering the results of our audit.
23
, Ingram, III
A. Wallis
Ingram, IV
L. Webb
175
STATISTICAL SECTION
176
CITY OF COLLEGE STATION, TEXAS
GENERAL GOVERNMENTAL REVENUES AND OTHER FINANCING SOURCES (1)
LAST TEN FISCAL YEARS
Fiscal
Year
General Property
Tax
Franchise Fees Sales & Mixed
Drink Tax
Licenses &
Permits
Fines, Forfeits
& Penalties
1992 1,376,970 358,949 7,209,497 216,886 684,098
1993 1,627,228 407,168 7,995,877 445,585 893,649
1994 2,086,274 358,392 8,776,093 557,440 915,126
1995 2,365,740 485,368 9,008,363 523,725 1,003,547
1996 2,632,408 1,876,572 (2)9,605,208 513,624 1,342,865
1997 2,733,016 1,088,349 9,929,157 487,300 1,177,057
1998 2,753,863 1,415,464 11,107,446 577,032 1,233,604
1999 3,139,361 1,523,736 11,662,546 643,968 1,208,499
2000 3,420,720 1,577,815 12,759,591 680,776 1,393,505
2001 3,813,167 1,644,627 13,031,079 779,159 1,796,203
(1)Revenues presented include the General and Debt Service Funds.
(2) Increase due to a one-time recovery of back franchise fees in the amount of $1.2 million.
Source: City of College Station
10.0
20.0
30.0
40.0
Dollars (millions)'92 '93 '94 '95 '96 '97 '98 '99 '00 '01S1
Fiscal Year
Total General Governmental Revenues
& Other Financing Sources
(for the last ten fiscal years)
177
GENERAL GOVERNMENTAL REVENUES AND OTHER FINANCING SOURCES (1)
LAST TEN FISCAL YEARS
Charges for
Services
Operating
Transfers All Other
Other Financing
Sources
Debt Service
Property Tax Total
$720,068 $3,889,872 $577,129 $1,241,463 $3,125,805 $19,400,737
904,004 4,266,504 800,690 68,213 3,351,369 20,760,287
1,066,268 4,407,529 760,676 2,731,232 3,634,353 25,293,383
1,181,703 4,915,000 1,009,282 3,478,224 4,124,236 28,095,188
1,249,491 5,523,091 962,608 199,300 4,583,665 28,488,832
1,250,952 5,387,075 1,304,713 6,828,120 4,801,894 34,987,633
1,368,883 5,396,700 1,324,899 32,375 5,024,027 30,234,293
1,463,432 5,664,744 1,414,194 22,082 5,133,118 31,875,680
1,681,877 6,303,785 1,622,967 55,403 5,546,863 35,043,302
1,892,964 6,895,193 1,750,703 24,329 5,986,114 37,613,538
178
CITY OF COLLEGE STATION, TEXAS
GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION (1)
LAST TEN FISCAL YEARS
Fiscal
Year
General
Government Police Fire
Public
Works
Parks and
Recreation
1992 4,934,782 3,862,849 3,034,046 2,108,406 2,576,106
1993 5,289,911 4,054,244 3,331,309 2,266,145 2,838,541
1994 5,923,568 4,715,064 3,454,391 2,533,983 3,083,389
1995 6,832,606 5,041,596 3,827,835 2,428,727 3,629,244
1996 6,669,982 5,357,437 3,887,596 3,554,664 3,820,477
1997 7,005,557 5,860,586 3,898,305 3,142,284 4,146,567
1998 6,264,446 6,289,005 4,195,334 3,821,635 4,263,428
1999 7,045,038 6,903,838 4,841,832 3,923,009 4,592,990
2000 7,812,664 7,567,620 5,179,104 4,353,073 5,168,231
2001 8,783,263 8,273,632 5,702,804 4,583,796 5,185,737
(1)Expenditures presented include the General and Debt Service Funds.
(2)Includes refunding of $3,460,000 of short term debt.
Source: City of College Station
10.0
20.0
30.0
40.0
Dollars (millions)'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
Fiscal Year
Total General Governmental Expenditures and Other Uses
(for the last ten fiscal years)
179
CITY OF COLLEGE STATION, TEXAS
GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION (1)
LAST TEN FISCAL YEARS
Library
Services
Capital
Outlay
Reimbursed
Administrative
All
Other
Debt
Service
Operating
Transfers
Out Total
$0 $329,269 $(2,591,911)$572,578 $4,843,605 $0 $19,669,730
283,478 412,314 (2,843,580)398,100 3,508,905 0 19,539,367
282,255 1,120,536 (2,886,557)251,454 3,320,922 445,000 22,244,005
327,393 480,470 (2,966,008)298,041 7,364,085 (2)2,438,668 29,702,657
326,310 593,796 (3,371,737)314,767 5,601,567 80,500 26,835,359
367,545 365,591 (3,240,805)336,410 4,517,030 6,761,040 33,160,110
546,437 641,779 (3,683,731)448,263 4,607,064 2,478,117 29,871,777
571,742 659,861 (4,034,541)344,589 4,997,131 757,030 30,602,519
600,778 397,312 (4,645,701)544,170 5,582,927 1,115,376 33,675,554
581,768 376,328 (5,287,928)606,757 7,700,234 767,000 37,273,391
180
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Fiscal
Year
Total
Tax Levy
Tax
Collections
Percent
of Levy
Collected
Delinquent
Tax
Collections
1992 $4,506,448 $4,373,907 97.06 %$77,220
1993 4,902,798 4,816,407 98.24 107,407
1994 5,681,754 5,591,040 98.40 129,587
1995 6,471,493 6,403,250 98.95 86,727
1996 7,171,715 7,086,990 98.82 74,982
1997 7,506,754 7,433,046 99.02 60,133
1998 7,758,131 7,688,127 99.10 50,005
1999 8,292,212 8,164,162 98.46 59,095
2000 9,068,352 8,866,966 97.78 47,940
2001 9,939,852 9,684,038 97.43 62,887
Source: City of College Station
3.5
4.5
5.5
6.5
7.5
8.5
9.5
10.5
11.5
Dollars (millions)'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
Fiscal Year
Total Tax Collections
(for the last ten fiscal years)
181
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Total Tax
Collections
Total Collections as
a Percent of Current
Levy
Outstanding
Delinquent
Taxes
Outstanding
Delinquent Taxes as
a Percent of Current
Levy
$4,451,127 98.77 %$363,933 8.08 %
4,923,814 100.43 324,685 6.62
5,720,627 100.68 282,137 4.97
6,489,977 100.29 249,879 3.86
7,161,972 99.86 233,927 3.26
7,493,179 99.82 215,100 2.87
7,738,132 99.74 233,548 3.01
8,223,257 99.17 200,077 2.41
8,914,906 98.31 134,418 1.48
9,746,925 98.06 248,883 2.50
182
183
CITY OF COLLEGE STATION, TEXAS
ASSESSED VALUE OF TAXABLE PROPERTIES (1)
LAST TEN FISCAL YEARS
Fiscal
Year
Land and
Improvements
Personal Property
and Minerals
Less
Exemptions
and Abatements
Less TIF (2)
Captured Value Total
1992 $1,013,892,433 $150,886,397 $38,166,827 $0 $1,126,612,003
1993 1,184,748,445 168,378,927 164,570,381 0 1,188,556,991
1994 1,145,143,509 172,473,765 41,945,080 0 1,275,672,194
1995 1,315,229,397 183,852,688 44,813,941 0 1,454,268,144
1996 1,500,298,696 158,694,184 47,371,511 0 1,611,621,369
1997 1,699,990,449 235,332,211 234,121,234 5,526,343 1,695,675,083
1998 1,813,136,426 251,996,841 245,085,209 12,889,738 1,807,158,320
1999 1,946,701,852 261,317,181 276,453,209 18,504,453 1,913,061,371
2000 2,134,828,786 285,990,138 308,471,247 37,318,353 2,075,029,324
2001 2,357,679,796 303,435,454 345,752,888 41,698,188 2,273,664,174
(1) Assessed Value is 100% of the estimated actual value.
(2) Tax Increment Financing District (TIF)
Sources:Brazos County Appraisal District
2000 Certified Appraisal Roll
1.00
1.20
1.40
1.60
1.80
2.00
2.20
2.40
Dollars (billions)'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
Fiscal Year
Assessed Value of Taxable Properties
(for the last ten fiscal years)
184
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX RATES, RATIOS AND LEVIES
ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Tax Rates (2)
(Per $100 of Assessed Value)
Fiscal
Year (1)City School County Total (3)
1992 $.4000 $1.680 $.439 $2.5190
1993 .4125 1.680 .439 2.5315
1994 .4450 1.630 .434 2.5090
1995 .4450 1.610 .418 2.4730
1996 .4450 1.610 .410 2.4650
1997 .4427 1.690 .418 2.5507
1998 .4293 1.740 .417 2.5863
1999 .4293 1.750 .417 2.5967
2000 .4293 1.750 .417 2.5967
2001 .4293 1.750 .410 2.5893
(1)Tax rates are established by each taxing jurisdiction on an annual basis for
revenues to be collected in the following fiscal year.
(2)The date that taxes are due for all jurisdictions is October 1. Taxes for all
jurisdictions become delinquent on February 1. 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.
(3)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.
Source: Brazos County Appraisal District
185
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX RATES, RATIOS AND LEVIES
ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Tax Ratios Original Tax Levies
City School County City School County
100 %100 %100 %$5,130,768 $18,612,589 $12,184,729
100 100 100 4,902,806 21,608,259 12,789,846
100 100 100 5,681,754 23,390,262 13,374,336
100 100 100 6,471,498 26,261,015 14,211,900
100 100 100 7,171,715 28,663,937 15,071,727
100 100 100 7,506,754 31,524,892 15,968,203
100 100 100 7,758,131 33,969,261 17,043,370
100 100 100 8,292,212 36,786,152 17,749,813
100 100 100 9,068,352 39,822,571 18,917,599
100 100 100 9,939,852 44,121,783 20,283,475
0.0
0.5
1.0
1.5
2.0
2.5
Dollars(per $100 of Assessed Value)'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
Fiscal Year
Property Tax Rates
(for the last ten fiscal years)
City School County
186
CITY OF COLLEGE STATION, TEXAS
PAVING ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
Fiscal
Year
Current
Assessment
Assessment
s Collected
Percentage of
Assessments
Collected (%)
Total
Outstanding
Assessments
1992 $0 $4,682 2.27%$201,608
1993 0 58,358 28.95 143,250
1994 0 4,779 3.34 138,471
1995 0 59,141 42.71 79,330
1996 0 17,217 21.70 62,113
1997 0 2,152 3.46 59,962
1998 0 36,367 60.65 23,595
1999 0 503 2.13 23,092
2000 0 1,296 5.61 21,796
2001 0 350 1.61 21,446
Source: City of College Station Fiscal Services Department
187
CITY OF COLLEGE STATION, TEXAS
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 2001
The City 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.
188
CITY OF COLLEGE STATION, TEXAS
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
Fiscal
Year
Estimated
Population
Assessed
Value
Gross
Bonded Debt
1992 53,686 (1)$1,126,612,003 $21,103,590
1993 54,449 (1)1,188,556,991 19,014,385
1994 56,374 (1)1,275,672,194 17,028,340
1995 58,627 (1)1,454,268,144 25,722,210
1996 60,040 (1)1,611,621,369 22,263,475
1997 61,525 (1)1,701,201,476 25,388,915
1998 63,130 (1)1,807,158,320 28,960,000
1999 66,200 (1)1,913,061,371 32,750,000
2000 68,038 (2)2,075,029,324 38,700,000
2001 70,308 (1)2,273,664,174 39,375,000
(1)Source: Metropolitan Planning Organization & City of College Station Planning
Division
(2)Source: U.S. Government Preliminary Census
189
CITY OF COLLEGE STATION, TEXAS
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
Less Debt Service
Cash Funds Net
Bonded Debt
Ratio of
Net Bonded Debt
To Assessed Valuation
Net
Bonded Debt
Per Capita
$856,151 $20,247,439 1.80 $377
870,035 18,144,350 1.53 333
1,364,212 15,664,128 1.23 278
1,845,774 23,876,436 1.64 407
1,189,570 21,073,905 1.31 351
1,947,403 23,441,512 1.38 381
2,826,148 26,133,852 1.45 414
3,472,280 29,277,720 1.53 442
4,202,042 34,497,958 1.66 507
1,722,254 37,652,746 1.66 536
275
325
375
425
475
525
575
Dollars'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
S1
Fiscal Year
Net Bonded Debt per Capita
(for the last ten fiscal years)
190
CITY OF COLLEGE STATION, TEXAS
SCHEDULE OF DIRECT AND ESTIMATED OVERLAPPING DEBT
SEPTEMBER 30, 2001
Net Debt City's Share
Taxing Body Amount As Of Percent Amount
Per
Capita *
ESTIMATED OVERLAPPING DEBT
College Station I.S.D. (1)$ 66,917,802 8/31/01 100.00% $ 66,917,802 $952
Brazos County (2)0 9/30/01 0.00 0 0
Bryan I.S.D. (3)65,999,479 8/31/01 0.00 0 0
66,917,802 952
NET BONDED DEBT
City of College Station(4)37,652,746 9/30/01 100.00 37,652,746 536
NET BONDED AND ESTIMATED OVERLAPPING DEBT $ 104,570,548 $ 1,488
* Population: 70,308
(1) Source: College Station Independent School District
(2) Source: Brazos County Auditor
(3) Source: Bryan Independent School District
(4) Source: City of College Station Finance Department
191
CITY OF COLLEGE STATION, TEXAS
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL OBLIGATION DEBT
TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES
LAST TEN FISCAL YEARS
Fiscal
Year Principal
Interest, Fiscal
and Other
Charges
Total Debt
Service
Total General
Governmental
Expenditures
and Other Uses Ratio
1992 $3,332,876 $1,510,729 $4,843,605 $19,669,730 24.62%
1993 2,111,906 1,396,999 3,508,905 19,539,367 17.96
1994 2,066,045 1,254,877 3,320,922 22,244,005 14.93
1995 5,796,130 (1)1,519,907 7,316,037 29,702,657 24.63
1996 3,938,735 1,660,441 5,599,176 26,835,359 20.86
1997 2,694,075 1,738,745 4,432,820 33,160,109 13.37
1998 3,113,915 1,483,793 4,597,708 29,871,777 15.39
1999 2,845,000 2,141,792 4,986,792 30,602,519 16.30
2000 3,460,000 2,122,927 5,582,927 33,675,552 16.58
2001 4,475,000 3,222,734 7,697,734 37,273,391 20.65
(1)Includes refunding of $3,460,000 of short term debt.
Source: City of College Station
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
Dollars (millions)'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
Fiscal Year
Ratio of Annual Debt Service Expenditures for General Obligation Debt
to Total General Governmental Expenditures and Other Uses
(for the last ten fiscal years)
Debt Service Expense General & Other Total
192
CITY OF COLLEGE STATION, TEXAS
UTILITY FUNDS
SCHEDULE OF REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
Fiscal
Year
Operating
Revenues
Operating
Expenses
(Excluding
Depreciation)
Net
Revenues
Average
Total
Annual
Coverage
Maximum
Total
Annual
Coverage
1992 $37,524,486 $27,463,001 $10,061,485 $2,186,415 4.60 $4,144,820 2.43
1993 39,637,874 28,912,833 10,725,041 1,683,197 6.37 4,176,525 2.57
1994 (1)48,291,091 36,190,720 12,100,371 1,553,305 7.79 4,176,525 2.90
1995 (1)47,365,953 34,682,369 12,683,584 2,819,408 4.50 6,099,551 2.08
1996 (2)45,380,036 32,395,644 12,984,392 2,655,401 4.89 6,089,271 2.13
1997 48,615,366 29,608,260 19,007,106 2,968,110 6.40 6,388,449 2.98
1998 49,966,216 27,885,854 22,080,362 3,014,943 7.32 5,906,739 3.74
1999 49,101,104 30,080,145 19,020,959 2,844,899 6.69 5,502,384 3.46
2000 52,932,584 37,149,229 15,783,355 3,472,421 4.55 5,687,161 2.78
2001 63,367,846 49,872,302 13,495,544 4,688,518 2.88 6,395,244 2.11
(1) In Fiscal Year 1994, the Utility Billing Fund was combined with the Electric Fund for reporting purposes.
(2) In Fiscal Year 1996, the Utility Billing Fund was reported separately as an Internal Service Fund.
Source: City of College Station
193
CITY OF COLLEGE STATION, TEXAS
CONSTRUCTION PERMITS
LAST TEN CALENDAR YEARS
Residential Commercial Total
Year
Number
of
Permits Value
Number
of
Permits Value
Number
of
Permits Value
1992 511 $31,503,185 162 $11,648,580 673 $43,151,765
1993 576 38,141,976 203 27,288,295 779 65,430,271
1994 583 64,673,810 225 20,505,039 808 85,178,849
1995 634 28,514,709 102 38,130,694 736 66,645,403
1996 656 48,953,298 131 14,432,979 787 63,386,277
1997 590 53,435,022 212 47,682,555 802 101,117,577
1998 655 69,831,880 150 57,439,865 805 127,271,745
1999 1,020 87,917,466 138 26,665,024 1,158 114,582,490
2000 639 85,278,855 162 46,094,230 801 131,373,085
2001 782 79,340,756 191 40,194,722 972 119,535,478
Source: City of College Station Building Division
100
300
500
700
900
1100
1300
Number Issued'92 '93 '94 '95 '96 '97 '98 '99 '00 '01
Fiscal Year
Construction Permits
(for the last ten fiscal years)
Residential Commercial
194
CITY OF COLLEGE STATION, TEXAS
PRINCIPAL TAXPAYERS
SEPTEMBER 30, 2001
Taxpayer Type of Business
2001 Assessed
Valuation
Percent of
Total
Assessed
Valuation
C.B.L. and Associates Retail Mall $ 48,617,375 2.14%
W9/JP-M Real Estate Ltd Housing 40,630,000 1.79
Verizon Communications, Inc.Utility 35,241,110 1.55
Universal Computer Services, Inc.Retail 31,696,491 1.39
Alkosser/Weinberg et al Housing 30,674,775 1.35
College Station Hospital, L.P.Medical 25,132,560 1.11
Walmart/Sam’s Retail 19,667,890 0.87
University Commons-Phases 1&2 Housing 18,408,250 0.81
SHP – The Callaway House LP Housing 16,200,000 0.71
Melrose Apartments Housing 16,000,000 0.70
TOTAL $ 282,268,451 12.42%
Source: Brazos County Appraisal District
195
CITY OF COLLEGE STATION, TEXAS
PRINCIPAL UTILITY CUSTOMERS
SEPTEMBER 30, 2001
Utility
Customer Type of Business
FY 2001
KWH
Consumption
Total Percent of
KWH
Consumed
303,988College Station Independent
School District Schools $16,892,390 2.74 %
CBL & Associates Retail Mall 14,625,093 2.37
City of College Station Municipality 14,330,746 2.32
Wal-Mart Stores Inc.Retail 7,886,037 1.28
Albertsons Retail Grocery 7,588,281 1.23
Krogers Retail Grocery 7,449,600 1.21
State Headquarters Building/
Texas A&M University University 7,413,019 1.20
College Station Hospital, L.P.Medical 6,724,480 1.09
Lane C/S Ltd PSP Hotel 5,134,800 0.83
Dealer Computer Services Technical Support 4,656,400 0.75
TOTAL $92,700,846 15.02 %
Total KWH Consumption for the period October 1, 2000 to September 30, 2001 was 616,916,432.
Source: City of College Station Utility Billing Division
303,988
196
CITY OF COLLEGE STATION
SUMMARY OF INSURANCE COVERAGE
September 30, 2001
Insurance Company Coverage Self Insured
Retention
Limits
Texas Municipal League Worker Compensation $0 Statutory
Texas Municipal League General Liability $25,000 per $1,000,000 per
Law Enforcement Liability occurrence occurrence
$2,000,000
annual aggregate
Texas Municipal League Errors & Omissions Liability $25,000 per $3,000,000 per
wrongful act wrongful act
$6,000,000
annual aggregate
Texas Municipal League Automobile Liability $25,000 per $1,000,000 per
occurrence occurrence
Texas Municipal League Auto Physical Damage $25,000 per Actual cash value
vehicle
Texas Municipal League Real & Personal Property $25,000 per Replacement cost/
occurrence $72,796,385
annual aggregate
Texas Municipal League Mobile Equipment $25,000 per Actual cash value/
occurrence $5,065,221
annual aggregate
Texas Municipal League Boiler & Machinery $25,000 per $5,000,000 per
accident accident
Texas Municipal League Public Employee Dishonesty $5,000 per $1,000,000
year annual limit
197
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 2001
Date incorporated October 1938
Date first charter adopted October 1938
Date present charter amended May 1992
Form of government Council-Manager
Area in square miles:
Year
Square
Miles
1938 1.5
1948 4.2
1958 7.3
1968 17.3
1978 22.6
1982 23.8
1986 26.7
1988 27.7
1992 28.1
1994 30.0
1996 38.2
1998 40.8
Miles of streets Paved
Unpaved
712 Miles
1.3 Miles
Miles of sidewalks 89 Miles
Fire Protection:
Number of stations 4
Number of full-time employees 81
Police Protection:
Number of employees (sworn)100
Number of employees (civilian)43
Number of patrol units 25
One jail facility with a capacity of 37
Recreation:
Number of playgrounds 35
Number of basketball courts 21
Number of swimming pools 3
Number of soccer fields 13
Number of softball/baseball fields 19
Number of tennis courts 12
Number of picnic shelters 17
Number of gyms 3
Number of volleyball courts 8
Number of nature trails 9
Number of open play areas 25
Number of picnic pavilions 10
Number of jogging/walking trails 20
(Continued)
198
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 2001
(Continued)
Parks:
Facility Acres Facility Acres
Anderson Park 8.9 Merry Oaks 4.6
Arboretum 17.0 Oaks Park 7.5
Bee Creek Park 26.5 Parkway 1.9
Bill Madeley Park 5.1 Pebble Creek Park 10.2
Brison Park 9.2 Pebble Hills 3.2
Brother's Pond Park 16.1 Raintree 13.0
Castlegate 4.35 Richard Carter Park 7.1
College Station Central Park 47.2 Sandstone 15.2
Conference Center 2.3 Shenandoah 12.1
Cy Miller Park 2.5 Southwest Park Site 4.8
Eastgate 1.8 Southwood Complex 44.7
Edelweiss 12.3 Steeplechase Park Site 8.9
Edelweiss Gardens 7.74 Thomas Park 16.1
Emerald Forest Park 4.6 University Park Site 10.2
Gabbard Park 10.7 Veterans Athletic Park 150.0
Georgia K. Fitch 11.3 W.A. Tarrow Park 21.3
Hensel Park - TAMU 29.7 Westfield 4.29
Jack and Dorothy Miller Park 10.0 Windwood 1.4
Lemon Tree Park 15.4 Wolfpen Creek Park 19.9
Lick Creek Park 515.5 Woodcreek Park 6.6
Lincoln Center 8.0 Woodway Park Site 9.3
Lion's Park 1.5
Longmire Park 4.2
Luther Jones 1.8
TOTAL ACREAGE 1,145.98
Utility Funds:
Electric Customers (Connections)27,113
Average Electrical Consumption:51,409,703 KWH/Month
Water Customers (Connections)15,524
Average Water Consumption:295,875 MGW/Month
Number of Employees:
Electric 48
Water 24
Sewer 34
Water Capacity:
Number of Wells 5
Combined Capacity of Wells 20,000,000 GAL/day
Number of Ground Storage Tanks, 2 Total capacity 8,000,000 GALS
Number of Elevated Storage Tanks, 2 Total capacity 3,000,000 GALS
Miles of Water Lines 280 Miles
(Continued)
199
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 2001
(Continued)
Electric Capacity:
Maximum Capacity 255 megawatts
Annual Peak Demand 145 megawatts
Number of Substations 4
Miles of Distribution Lines 333 Miles
Miles of Sewer Lines 243 Miles
Solid Waste Collection Fund:
Number of Users (Units)28,894
Methodology Curbside pickup using automated containers
Education:
Attendance centers 11
Number of classrooms 503
Number of teachers 570
Number of students 7,438
Elections:
Number of registered voters:
Last general election (Brazos County)88,331
Last municipal election 41,151
Number of votes cast in:
Last general election (Brazos County)3,929
Last municipal election 1,768
Percentage of registered voters voting in:
Last general election (Brazos County)4.5%
Last municipal election 4.3%
Population:
Estimate 2000 68,038
Census Count 1990 52,456
1980 37,296
1970 17,676
1960 11,396
1950 7,925
Source: City of College Station
(Continued)
200
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 2001
(Continued)
ACTUAL TEXAS A&M UNIVERSITY ENROLLMENT
BY FALL SEMESTERS
Year University Enrollment
1992 41,092
1993 42,524
1994 42,018
1995 41,790
1996 41,892
1997 41,461
1998 43,389
1999 43,442
2000 44,026
2001 44,618
Source: TAMU Planning & Institutional Analysis, October 2001
PRIMARY LABOR FORCE FOR COLLEGE STATION
Year
Total
Labor Force
Number
Employed
Number
Unemployed
Percent
Unemployed
1992 25,561 24,777 784 3.1
1993 26,490 25,745 745 2.8
1994 27,312 26,546 766 2.8
1995 27,430 26,561 869 3.2
1996 26,691 25,973 718 2.7
1997 28,453 27,862 591 2.1
1998 28,889 28,377 512 1.8
1999 30,793 30,246 547 1.8
2000 31,273 30,802 471 1.5
2001 30,572 30,020 552 1.8
Source: Texas Workforce Commission (Austin, Texas)