HomeMy WebLinkAboutFY 2014-2015 -- Comprehensive Annual Financial ReportCITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015
PREPARED BY THE
CITY OF COLLEGE STATION FISCAL SERVICES DEPARTMENT
JEFF KERSTEN, ASSISTANT CITY MANAGER
BUDGET & FINANCIAL REPORTING DIVISION
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015
Table of Contents
Page
INTRODUCTORY SECTION
Letter of Transmittal ................................................................................................................................................................ 1
City Organization ..................................................................................................................................................................... 8
Principal City Officials ............................................................................................................................................................. 9
GFOA Certificate of Achievement for Excellence in Financial Reporting ............................................................................. 10
FINANCIAL SECTION
Independent Auditors’ Report ............................................................................................................................................... 11
Management’s Discussion and Analysis (Unaudited) ....................................................................................................... 14
Basic Financial Statements:
Government - Wide Financial Statements:
Statement of Net Position ........................................................................................................................... 31
Statement of Activities ................................................................................................................................. 32
Fund Financial Statements:
Balance Sheet – Governmental Funds ....................................................................................................... 33
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position ................................................................................................................. 34
Statement of Revenues, Expenditures and Changes
in Fund Balances – Governmental Funds................................................................................................... 35
Reconciliation of the Statement of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities ................................................... 36
Statement of Net Position – Proprietary Funds .......................................................................................... 37
Statement of Revenues, Expenses, and Changes
in Net Position – Proprietary Funds ............................................................................................................ 38
Statement of Cash Flows – Proprietary Funds ........................................................................................... 39
Notes to the Financial Statements ........................................................................................................................... 40
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015
Table of Contents-continued
Page
Required Supplementary Information:
Texas Municipal Retirement System Schedule of Changes in Net Pension Liability
And Related Ratios .................................................................................................................................................. 71
Texas Municipal Retirement System Schedule of Contributions ............................................................................. 72
Schedule of Funding Progress – City of College Station Employees
Other Post Employment Benefits Plan ..................................................................................................................... 73
Schedule of Revenues, Expenditures, and Changes in Fund
Balance, Budget and Actual – General Fund........................................................................................................... 74
Supplementary Information:
Combining and Individual Fund Statements and Schedules:
Combining Balance Sheet – General Fund(s) ........................................................................................... 76
Combining Statement of Revenues, Expenditures, and Changes
In Fund Balance – General Fund(s) ........................................................................................................... 77
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget
and Actual:
General Fund(s):
General Fund .................................................................................................................... 78
Economic Development Fund ........................................................................................... 79
Efficiency Time Payment Fund ......................................................................................... 80
Chimney Hill Fund ............................................................................................................. 81
Combining Balance Sheet – Nonmajor Governmental Funds .................................................................... 84
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balance – Nonmajor Governmental Funds .................................................................................... 86
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget
and Actual:
Special Revenue Funds:
Court Technology Fee Fund ............................................................................................. 88
Court Security Fee Fund ................................................................................................... 89
Juvenile Case Manager Fee Fund .................................................................................... 90
Police Seizure Fund .......................................................................................................... 91
Memorial Cemetery Fund ................................................................................................. 92
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015
Table of Contents-continued
Page
Memorial Cemetery Endowment Fund ............................................................................. 93
Texas Ave Cemetery Endowment Fund ........................................................................... 94
Hotel Tax Fund.................................................................................................................. 95
Community Development Fund………………………………………………………………..96
Wolf Pen Creek (WPC) TIF Fund ..................................................................................... 97
Parks Escrow Fund ........................................................................................................... 98
Drainage Projects Fund .................................................................................................... 99
Truancy Prevention Fee Fund ........................................................................................ 100
West Medical District Tax Increment Reinvestment Zone No. 18 Fund ......................... 101
East Medical District Tax Increment Reinvestment Zone No. 19 Fund .......................... 102
Public, Educational, and Governmental Access Channel Fee Fund .............................. 103
R. E. Meyer Estate Restricted Gift Fund ......................................................................... 104
Capital Projects Funds:
General Government Projects Fund ............................................................................... 105
Parks and Recreation Projects Fund .............................................................................. 106
Debt Service Fund ....................................................................................................................... 107
Streets Projects Fund................................................................................................................... 108
Nonmajor Enterprise Funds:
Combining Statement of Net Position ....................................................................................................... 110
Combining Statement of Revenues, Expenses, and Changes
in Net Position ........................................................................................................................................... 111
Combining Statement of Cash Flows ........................................................................................................ 112
Internal Service Funds:
Combining Statement of Net Position ....................................................................................................... 114
Combining Statement of Revenues, Expenses, and Changes
in Net Position ........................................................................................................................................... 115
Combining Statement of Cash Flows ........................................................................................................ 116
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2015
Table of Contents-continued
Page
STATISTICAL SECTION:
Net Position by Component ................................................................................................................................... 118
Changes in Net Position ........................................................................................................................................ 119
Program Revenues by Function/Program.............................................................................................................. 121
Fund Balances, Governmental Funds ................................................................................................................... 122
Changes in Fund Balances, Governmental Funds ................................................................................................ 123
Tax Revenue by Source, Governmental Funds ...................................................................................................... 125
Assessed Value and Estimated Actual Value of Taxable Property ........................................................................ 126
Direct and Overlapping Property Tax Rates ........................................................................................................... 127
Principal Property Taxpayers ................................................................................................................................... 128
Property Tax Levies and Collections ...................................................................................................................... 129
Taxable Sales by Category ...................................................................................................................................... 130
Direct and Overlapping Sales Tax Rates ................................................................................................................. 131
Sales Tax Revenue Payers by Industry .................................................................................................................. 132
Outstanding Debt by Type ....................................................................................................................................... 133
Ratios of Net General Bonded Debt Outstanding ..................................................................................................... 134
Direct and Overlapping Governmental Activities Debt .............................................................................................. 135
Legal Debt Margin Information .................................................................................................................................. 136
Pledged-Revenue Coverage ..................................................................................................................................... 137
Demographic and Economic Statistics ..................................................................................................................... 138
Principal Area Employers .......................................................................................................................................... 139
Full-Time-Equivalent City Government Employees by Function/Program ............................................................... 140
Operating Indicators by Function/Program ................................................................................................................ 141
Capital Asset Statistics by Function/Program ............................................................................................................ 143
1
2
3
4
5
6
7
City
Manager
Fire / EOC
Police
Community
Services
Human
Resources
Intergov’t
Relations
Planning &
Development
Engineering
Public Works
Water Services
Electric Utility
Parks and
Recreation
Utility
Customer
Services
Budget &
Financial
Reporting
Purchasing
Accounting &
Treasury
Operations
Municipal
Court
Fiscal
Services
Strategic
Planning
Information
Technology
Citizens of
College Station
City
Secretary
Municipal
Judge
Internal
Auditor
Appointed Boards
and Commissions
Technology
Services
E-GOV
Business
Services
GIS
Communications
Network
Services
Admin
City
Attorney
Mayor and
Council
Deputy
City Manager
Assistant City
Manager
Assistant City
Manager
Marketing & Public
Communications
Economic
Development
CITY ORGANIZATION 8
City of College Station, Texas
September 30, 2015
Principal City Officials
Elected Officials
Mayor ................................................................................................................................................................... Nancy Berry
City Council Place 1/Mayor Pro Tem.................................................................................................................. Blanche Brick
City Council Place 2 ............................................................................................................................................ Steve Aldrich
City Council Place 3 ............................................................................................................................................. Karl Mooney
City Council Place 4 ............................................................................................................................................. John Nichols
City Council Place 5 .............................................................................................................................................. Julie Schultz
City Council Place 6 ......................................................................................................................................... James Benham
City Administration
City Manager ...................................................................................................................................................... Kelly Templin
Deputy City Manager ........................................................................................................................................ Chuck Gilman
Assistant City Manager ........................................................................................................................................ Jeff Kersten
Assistant City Manager ........................................................................................................................................... Jeff Capps
Director of Planning and Development Services ............................................................................................... Lance Simms
Director of Finance ....................................................................................................................................................... Vacant
Director of Public Communications .......................................................................................................................... Jay Socol
Director of Water Services Department ......................................................................................................... David Coleman
Director of Electric Utility ................................................................................................................................ Timothy Crabb
Chief of Police ................................................................................................................................................ Scott McCollum
Fire Chief ................................................................................................................................................................... Eric Hurt
Director of Public Works ................................................................................................................................ Donald Harmon
Director of Parks and Recreation ...................................................................................................................... David Schmitz
Director of Information Technology ...................................................................................................................... Ben Roper
Director of Human Resources .............................................................................................................................. Alison Pond
Director of Community Services .......................................................................................................................... Debbie Eller
Director of Economic Development ..................................................................................................................... Natalie Ruiz
City Attorney ................................................................................................................................................... Carla Robinson
City Secretary .............................................................................................................................................. Sherry Mashburn
Internal Auditor ......................................................................................................................................................... Ty Elliott
9
10
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and
Members of the City Council of
the City of College Station, Texas
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, each major fund, and the aggregate remaining fund information of the City of College Station,
Texas (the “City”) as of and for the year ended September 30, 2015, and the related notes to the financial
statements, which collectively comprise the City’s basic financial statements as listed in the table of
contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these 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 financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
11
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, each major fund,
and the aggregate remaining fund information of the City, as of September 30, 2015, and the respective
changes in financial position, and, where applicable, cash flows thereof for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
Emphasis of Matters
As described in Note IV. G. to the financial statements, in 2015, the City adopted new accounting
guidance related to the accounting for pensions. Our opinion is not modified with respect to this
matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s
discussion and analysis and budgetary comparison information on pages 14–30 and 71–74 be presented
to supplement the basic financial statements. Such information, although not a part of the basic financial
statements, is required by the Governmental Accounting Standards Board, who considers it to be an
essential part of financial reporting for placing the basic financial statements in an appropriate operational,
economic, or historical context. We have applied certain limited procedures to the required supplementary
information in accordance with auditing standards generally accepted in the United States of America,
which consisted of inquiries of management about the methods of preparing the information and
comparing the information for consistency with management’s responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the information because the limited procedures
do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City’s basic financial statements. The introductory section, combining and individual
nonmajor fund financial statements, and statistical section, are presented for purposes of additional
analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements and the related budgetary comparison
schedules are the responsibility of management and were derived from and relate directly to the underlying
accounting and other records used to prepare the basic financial statements. Such information has been
subjected to the auditing procedures applied in the audit of the basic financial statements and certain
additional procedures, including comparing and reconciling such information directly to the underlying
accounting and other records used to prepare the basic financial statements or to the basic financial
statements themselves, and other additional procedures in accordance with auditing standards generally
accepted in the United States of America. In our opinion, the combining and individual nonmajor fund
financial statements and the related budgetary comparison schedules are fairly stated in all material
respects in relation to the basic financial statements as a whole.
12
The introductory and statistical sections have not been subjected to the auditing procedures applied in the
audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated March 18, 2016
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 grant agreements and other matters.
The purpose of that report is to describe the scope of our testing of internal control over financial reporting
and compliance and the results of that testing, and not to provide an opinion on internal control over
financial reporting or on compliance. That report is an integral part of an audit performed in accordance
with Government Auditing Standards in considering the City’s internal control over financial reporting
and compliance. This report and the results of testing of internal control and compliance for each major
program can be found in the Compliance and Single Audit Reports for the year ended September 30, 2015.
Bryan, Texas
March 18, 2016
13
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
This section of the City of College Station’s (the “City”) Comprehensive Annual Financial Report presents
a narrative overview and analysis of the financial activities of the City for the fiscal year ended September
30, 2015. We encourage readers to consider the information presented here in conjunction with additional
information that we have furnished in our letter of transmittal.
FINANCIAL HIGHLIGHTS
The assets and deferred outflows of resources of the
City exceeded its liabilities and deferred inflows of
resources at the close of the most recent Fiscal year
by $479,993,922 (net position). Of this amount
$55,467,383 (unrestricted net assets) may be used to
meet the government’s ongoing obligations to citizens
and creditors.
The City’s total net position increased by $40,918,179
during the fiscal year, which includes a prior period
adjustment of $6,584,820.
At the close of the current fiscal year, the City’s
governmental funds reported combined ending fund
balances of $98,600,029 an increase of $8,746,321
when compared to the prior year. This increase is
primarily due to the recognition of proceeds from the
sale of property that occurred during the year.
Approximately 20.2 percent of the combined
governmental funds ending fund balance, or
$19,925,641 are available for spending at the City’s
discretion (unassigned fund balance).
The City’s total amount of outstanding debt is
$247,115,000 which is a net decrease of $19,870,000
over last year. This decrease is due to the retirement
of general obligation improvement bonds, certificates
of obligation and utility revenue bonds. Details can
be found in the notes to the financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City’s basic financial
statements. The City’s basic financial statements are comprised of three components:
(1)Government-wide financial statements
(2)Fund financial statements
(3)Notes to the financial statements.
This report also contains other supplementary information in addition to the basic financial statements
themselves.
14
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
The following diagram illustrates the relationship between the different components of this report:
Relationship Between Comprehensive
Annual Financial Report (CAFR)
and
Basic Financial Statements and
Required Supplementary Information (RSI)
General information on the government
structure, services, and environment
Page 1-10
Management’s Discussion and Analysis
Pages 14-30
Government-Wide Financial Statements
Pages 31-32
Governmental Fund Financial Statements
Pages 33-36
Proprietary Fund Financial Statements
Pages 37-39
Notes to the Financial Statements
Pages 40-70
Additional Required Supplementary Information
Pages 71-74
Information on individual funds and other
supplementary information not required by GAAP
Pages 75-116
Trend Data and Non-financial Data
Pages 117-143
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the
City’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all of the City’s assets and liabilities, and deferred
inflows/outflows of resources with the differences reported as net position. Over time, increases or
decreases in net position may serve as a useful indicator of whether or not the financial position of the City
is improving or deteriorating.
Introductory
Section
Basic
Financial
Statements
And
RSI
Financial
Section
Statistical
Section
15
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
The statement of activities presents information showing how the City’s net position changed during the
most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise
to the change occurs, regardless of the timing of related cash flows. Thus revenues and expenses are
reported in this statement for some items that will only result in cash flows in future fiscal periods, such as
revenues pertaining to uncollected taxes and expenses pertaining to earned but unused vacation.
Both of the government-wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The governmental activities of the City include general government, fiscal services, police,
information technology, planning and development, fire, streets, drainage, traffic, park and recreation, and
citizen and neighborhood resources. The business-type activities of the City include electric, water,
wastewater, sanitation, and the Northgate parking garage. The government-wide financial statements can
be found on pages 31-32.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The City, like other state and local governments, uses fund
accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds
of the City can be divided into governmental funds and proprietary funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental
activities in the government-wide financial statements. However, unlike the government-wide financial
statements, governmental fund financial statements focus on near-term inflows and outflows of spendable
resources as well as on balances of spendable resources available at the end of the fiscal year. Such
information may be useful in determining what financial resources are available in the near future to finance
the City‘s programs.
Because the focus of governmental funds is narrower than that of government-wide financial statements, it
is useful to compare the information presented for governmental funds with similar information presented
for governmental activities in the government-wide financial statements. By doing so, readers may better
understand the long-term impact of the government’s near-term financing decisions. Both the governmental
fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund
balances provide a reconciliation to facilitate this comparison between governmental funds and
governmental activities.
The City maintains several individual governmental funds organized according to their type (special
revenue, debt service and capital projects). Information is presented separately in the governmental fund
balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund
balances for the General Fund, Debt Service Fund and Streets Projects Fund, all of which are considered
to be major funds. Data from the remaining governmental funds are combined into a single, aggregated
presentation. Individual fund data for each of the nonmajor governmental funds is provided in the form of
combining statements elsewhere in this report. The governmental fund financial statements can be found
on pages 33-36.
The City adopts an annual appropriated budget for its General Fund, Debt Service Fund, Special Revenue
Funds, and Capital Projects Funds. A budgetary comparison statement has been provided for the General
Fund, Debt Service Fund, Special Revenue Funds and Capital Projects Funds to demonstrate compliance
with their budgets.
16
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
Proprietary Funds
Proprietary funds are generally used to account for services for which the City charges customers—either
outside customers or internal units or departments of the City. Proprietary funds provide the same type of
information as shown in the government-wide financial statements, only in more detail. The City maintains
the following two types of proprietary funds:
Enterprise funds are used to report the same functions presented as business-type activities in
the government-wide financial statements. The City uses enterprise funds to account for the
operations of the electric, water, wastewater, sanitation, and parking activities of the City. The
Electric, Water, and Wastewater funds are considered to be major funds of the City, while the
remaining funds (Sanitation and Northgate Parking Garage) are presented in aggregate as
nonmajor enterprise funds. Individual fund data for the nonmajor enterprise funds can be found in
the form of combining statements elsewhere in this report.
Internal service funds are used to report activities that provide supplies and services for certain
City programs and activities. The City uses internal service funds to account for fleet maintenance
and utility customer services. It also uses internal service funds to account for equipment
replacement; employee benefits; and unemployment, workers’ compensation, and property and
casualty insurance. All of these services benefit both the governmental activities and the business-
type activities and have been split between governmental activities and business type activities in
the government-wide financial statements. The internal service funds are combined into a single,
aggregated presentation in the proprietary fund financial statements. Individual fund data for the
internal service funds is provided in the form of combining statements elsewhere in this report.
The proprietary fund financial statements can be found on pages 37-39.
Notes to the Financial Statements
The notes to the financial statements provide additional information that is essential to a full understanding
of the data provided in the government-wide and fund financial statements. The notes to the financial
statements can be found on pages 40-70.
Required Supplementary Information
In addition to the basic financial statements and accompanying notes, this report presents certain required
supplementary information, found on pages 71-74, concerning the City’s progress in funding its obligation
to provide pension benefits and other postemployment benefits to its employees and the General Fund
budget to actual comparison.
Combining Statements
The combining statements referred to earlier in connection with the nonmajor governmental funds, the
nonmajor enterprise funds, and the internal service funds are found on pages 75-116.
GOVERNMENT-WIDE FINANCIAL ANYALYSIS
As noted earlier, net position may serve as a useful indicator of government’s financial position. For the
City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by
$479,993,922 at the close of the most recent fiscal year. The largest portion of the City’s net position (76.6
percent) reflects its investment of $367,570,439 in capital assets (e.g., land, buildings, and equipment) less
any related outstanding debt used to acquire those assets. The City uses these capital assets to provide
services to citizens; consequently, these assets are not available for future spending. Although the City’s
investment in its capital assets is reported net of related debt, it should be noted that the resources needed
to repay this debt must be provided from other sources, since the capital assets themselves cannot be
liquidated for these liabilities.
17
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
An additional portion of the City’s net position, $56,956,100 (11.9 percent) represents resources that are
subject to external restriction on how they may be used. The remaining balance of unrestricted net assets,
$55,467,383 (11.6 percent) may be used to meet the government’s ongoing obligations to citizens and
creditors. At the end of the current fiscal year, the City was able to report positive balances in all three
categories of net position, both for the government as a whole, as well as for the business-type activities.
The same situation held true for the prior fiscal year. The City’s net position increased by $34,333,359, as
a result of fiscal year 2015 operations, as compared to the increase of $6,401,992 for fiscal year 2014
operations.
Net Position Governmental Activities Business-Type Activities Total
2015 2014 2015 2014 2015 2014
Assets
Current and other assets 122,707,767$ 115,781,965$ 96,596,971$ 93,835,128$ 219,304,738$ 209,617,093$
Capital assets 245,255,015 242,769,318 330,762,494 326,611,683 576,017,509 569,381,001
Total assets 367,962,782 358,551,283 427,359,465 420,446,811 795,322,247 778,998,094
Total deferred outflow of resources 6,609,688 1,732,893 2,677,765 1,361,244 9,287,453 3,094,137
Liabilities
Long-term liabilities
outstanding 125,247,330 123,373,071 150,282,307 157,936,201 275,529,637 281,309,272
Other liabilities 18,435,110 19,787,860 29,712,081 35,334,536 48,147,191 55,122,396
Total liabilities 143,682,440 143,160,931 179,994,388 193,270,737 323,676,828 336,431,668
Deferred inflows of resources
Deferred charge on pensions 727,423 - 211,527 - 938,950 -
Total deferred inflows of resources 727,423 - 211,527 - 938,950 -
Net Position
Net Investment in capital assets 167,101,930 125,012,201 200,468,509 165,180,775 367,570,439 290,192,976
Restricted 55,374,914 15,608,417 1,581,186 1,580,992 56,956,100 17,189,409
Unrestricted 7,685,763 76,502,627 47,781,620 61,775,551 55,467,383 138,278,178
Total net position 230,162,607$ 217,123,245$ 249,831,315$ 228,537,318$ 479,993,922$ 445,660,563$
18
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
The following table provides a summary of the City’s operations for the year ended September 30, 2015
and highlights key elements of the change in the City’s net position:
Governmental Activities: Governmental activities increased the City of College Station’s net position by
$16,944,457. Key elements of this net increase are as follows:
Total revenues increased by 10.8% over the prior year.
o Property taxes increased by 13.1% over the prior year as result of increases in property
value and an increase in the tax rate.
o Sales and mixed beverage taxes increased 6.2% over the prior year reflecting continued
strength in the local economy.
o All of the other governmental activity revenues increased 12.4 % over the prior year.
Expenditures decreased 2.2% over the prior year in part as a result of lower public works capital
expenditures in 2015 as compared to 2014.
Changes in Net Position:Governmental Activities Business-Type Activities Total
Revenues 2015 2014 2015 2014 2015 2014
Program revenues:
Charges for services 14,139,897$ 12,248,313$ 140,646,594$ 135,551,100$ 154,786,491$ 147,799,413$
Operating grants and contributions 2,995,401 3,234,317 668,322 291,366 3,663,723 3,525,683
Capital grants and contributions 3,542,528 7,404,520 9,596,813 7,309,230 13,139,341 14,713,750
General revenues:
Property taxes 30,936,581 27,349,234 - - 30,936,581 27,349,234
Sales and mixed beverage taxes 26,687,963 25,141,825 - - 26,687,963 25,141,825
Other taxes 8,604,517 7,535,152 - - 8,604,517 7,535,152
Gain on sale of capital assets 6,818,583 1,827,783 - - 6,818,583 1,827,783
Interest and investment income 379,537 195,863 187,322 120,006 566,859 315,869
Total revenues 94,105,007 84,937,007 151,099,051 143,271,702 245,204,058 228,208,709
Expenses
Police 18,601,237 17,768,724 - - 18,601,237 17,768,724
Fire 15,095,073 14,245,690 - - 15,095,073 14,245,690
Public works 18,793,401 21,348,088 - - 18,793,401 21,348,088
Parks & recreation 9,884,737 9,197,308 - - 9,884,737 9,197,308
Library 1,213,820 1,149,616 - - 1,213,820 1,149,616
Planning & development svcs 3,225,321 5,012,992 - - 3,225,321 5,012,992
Information technology 4,416,190 4,663,939 - - 4,416,190 4,663,939
Fiscal services 3,594,382 3,419,923 - - 3,594,382 3,419,923
General government 10,194,285 9,602,139 - - 10,194,285 9,602,139
Capital projects - 731,621 - - - 731,621
Interest on long term debt 3,943,972 3,962,347 - - 3,943,972 3,962,347
Unallocated depreciation 1,235,340 1,161,675 - - 1,235,340 1,161,675
Electric utility - - 79,828,415 98,269,576 79,828,415 98,269,576
Water utility - - 13,082,761 11,517,915 13,082,761 11,517,915
Wastewater utility - - 12,437,020 11,205,770 12,437,020 11,205,770
Sanitation services - - 7,786,244 7,497,493 7,786,244 7,497,493
Parking operations - - 953,681 1,051,901 953,681 1,051,901
Total expenses 90,197,758 92,264,062 114,088,121 129,542,655 204,285,879 221,806,717
Incr (Decr) in net position before transfers3,907,249 (7,327,055) 37,010,930 13,729,047 40,918,179 6,401,992
Transfers net 13,037,208 12,935,733 (13,037,208) (12,935,733) - -
Increase in net position 16,944,457 5,608,678 23,973,722 793,314 40,918,179 6,401,992
Net position at beginning of year 217,123,245 210,931,073 228,537,318 227,744,004 445,660,563 438,675,077
Prior period adjustment (3,905,095) 583,494 (2,679,725) (6,584,820) 583,494
Net position at end of year 230,162,607$ 217,123,245$ 249,831,315$ 228,537,318$ 479,993,922$ 445,660,563$
19
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
The chart below illustrates the City’s governmental activities revenues by source:
This chart depicts governmental activity program revenues relative to program expenses:
Property Taxes
32.9%
Sales and Mixed
Beverage Tax
28.4%
Other Taxes
9.1%
Charges for
Services
15.0%
Capital, Grants
Contrib
3.8%
Misc
10.8%
Governmental Activities Revenue By Source
$94,105,007
-
4,000,000
8,000,000
12,000,000
16,000,000
20,000,000
Police Fire Public
Works
Parks &
Rec
Plan &
Dev
Inform
Tech
Fiscal
Svcs
Gen'l
Gov't
Other
Governmental Activities Program Revenue and Expense
Revenue
..
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
Business-type Activities: Business-type activities increased the City of College Station’s net position
by $23,973,722. Key elements of this increase are as follows:
Due in part to lower purchased power costs, expenses were lower than last year by $15,226,616.
Capital infrastructure contributions from various developments throughout the City contributed
$9,596,813 to the net position.
Revenues for the City’s business-type activities are presented in the following chart:
This chart depicts business-type activity program revenues relative to program expenses:
Charges for Services
93.1%
Grants &
Contributions
6.3%
Other
0.6%
Business-type Revenue
$151,099,051
-
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
Electric Water Wastewater Sanitation Parking
Business-type Program Revenue and Expense
Revenue Expenses
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As noted previously, the City uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Governmental Funds
The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and
balances of resources that are available for spending. Such information is useful in assessing the City’s
financing requirements. In particular, unassigned fund balance may serve as a useful measure of a
government’s net resources available for spending at the end of the fiscal year. The types of major
governmental funds reported by the City include the General Fund, Debt Service Fund, and Streets Projects
Fund. Other governmental funds of the City are reported as nonmajor funds.
At of the end of the fiscal year 2015, the City’s governmental funds reported combined ending fund balances
of $98,600,029. Approximately 20.2 percent ($19,925,641) of this total amount constitutes unassigned fund
balance and is available for spending at the City’s discretion. The remainder of fund balance is reserved to
indicate that it is not available for new spending because it has already been committed as follows:
Nonspendable $ 6,307,868
Restricted $ 55,139,903
Committed $ 14,792,873
Assigned $ 2,433,744
A detailed breakdown of the fund balance can be found in Note IV. I. Components of Fund Balances.
Revenues for governmental functions totaled $83,944,890 in fiscal year ended September 30, 2015, an
increase of 10.6 percent or $8,013,479 from the fiscal year ended September 30, 2014.
Expenditures for governmental functions totaling $97,209,982 increased by approximately 1.4 percent or
$1,373,022 from the fiscal year ended September 30, 2014. Other financing sources and uses (net) was
$22,011,413. As a result, in fiscal year 2015, revenues for governmental functions exceeded expenditures
by $8,746,321. Most of this increase was the result of proceeds received for the sale of city property that
was recognized in the Hotel Tax Fund.
The General Fund is the chief operating fund of the City of College Station. At the end of the current fiscal
year, the unassigned fund balance was $19,925,641 while the total fund balance was $22,423,064. The
City’s fiscal and budgetary policies require that the General Fund’s fund balance be at least equal to 15
percent of budgeted expenditures, a percentage equal to 55 days of expenditures. The total fund balance
is approximately 30.7 percent of fiscal year 2015 amended budgeted expenditures and exceeds the
minimum requirement set by policy.
As a measure of fund’s liquidity, it is useful to compare both unassigned and total fund balance to total fund
actual expenditures. Unassigned fund balance represents 28.1 percent of total general fund expenditures,
while total fund balance represents 31.6 percent of total general fund expenditures. The total fund balance
for the general fund continues to meet and exceed the Fiscal and Budgetary Policy of having 15 percent of
expenditures available in fund balance.
The General Fund’s fund balance increased by $2,178,815 during the current fiscal year due primarily to
the recognition of proceeds from the sale of real property.
The Debt Service Fund ended the fiscal year with a fund balance of $2,814,048. This entire amount is
reserved for the payment of debt service. The net decrease in fund balance during the current fiscal year
was $400,386. This decrease is due to a planned reduction in the fund balance.
22
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
The Streets Projects Fund ended the fiscal year with a balance of $19,681,609. This entire amount is
reserved for encumbrances related to current capital projects and for future capital projects. The net
decrease in fund balance during the current fiscal year was $3,887,596. This decrease was attributable to
progress being made on streets capital projects during this fiscal year.
Proprietary Funds
The City’s proprietary funds provide the same type of information found in the government-wide financial
statements but in more detail.
At the end of the current fiscal year, the City’s proprietary funds reported combined ending net position of
$249,831,315. Of this amount, 19.1 percent ($47,781,620) constitutes unrestricted net position. The
remainder of net position for the proprietary funds is reported as follows:
Invested in capital assets, net related debt ($200,468,509) and
Restricted for debt service ($1,581,186).
Operating revenues for proprietary activities totaled $141,149,254 for the fiscal year, an increase of 4.2
percent or $5,722,597 from the previous fiscal year. Operating expenses decreased $15,226,616 or 12.5
percent for the same period. Operating income was $34,134,507 for the fiscal year. The proprietary funds
reported net non-operating expenses of $7,151,677 at the end of fiscal year 2015 as compared to net non-
operating expenses of $6,602,314 in the previous fiscal year. The Proprietary Funds had an overall
increase of $21,293,998 in net position for fiscal year 2015.
Electric Fund
At the end of the fiscal year, the unrestricted net position for the Electric Fund totaled $14,067,233. The
City’s policy with regard to its enterprise funds is to maintain at least 15 percent of annual operating
expenses in working capital, a percentage equal to 55 days of expenses. At September 30, 2015, Electric
Fund working capital equaled approximately 28.1 percent of annual operating expenses, as compared to
11.5 percent at September 30, 2014. This increase was due to lower purchased power expenses in 2015.
Electric Fund operating revenues increased by 3.4 percent ($3,340,917) during fiscal year 2015, while
operating expenses decreased 18.5 percent ($17,638,392) during the same period. This resulted in
operating income of $23,651,186. The operating income when combined with the net non-operating
expenses, net capital contributions and transfers resulted in an increase in net position of $18,884,208 in
the Electric Fund during the fiscal year.
Water Fund
Unrestricted net position for the Water Fund at September 30, 2015 totaled $6,035,011. At September 30,
2015, Water Fund working capital equaled approximately 57.3 percent of annual operating expenses, as
compared to 109.4 percent at September 30, 2014. Water Fund operating revenues increased by 7.6
percent ($1,062,541) during fiscal year 2015. Operating expenses of $10,469,753 increased 13.8 percent
($1,270,187) over fiscal year 2014. This resulted in operating income of $4,542,959. The operating income
when combined with the net non-operating expenses, net capital contributions and transfers resulted in an
increase in net position of $1,228,919 in the Water Fund during the fiscal year.
Wastewater Fund
The Wastewater Fund’s unrestricted net position at the end of the fiscal year 2015 totaled $8,452,311. At
September 30, 2015, Wastewater Fund working capital equaled approximately 147.4 percent of annual
operating expenses, as compared to 161.7 percent at September 30, 2014.
23
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
Operating revenues in Wastewater Fund were $14,915,404 or a $520,853 (3.6 percent) increase over the
previous fiscal year. Operating expenses increased from $9,721,259 to $10,580,787 or 8.8 percent while
operating income decreased by 7.2 percent from $4,673,292 to $4,334,617. The operating income when
combined with the net non-operating expenses, net capital contributions and transfers resulted in an
increase in net position of $862,340 in the Wastewater Fund during the fiscal year.
Budgetary Highlights
The final amended budget for fiscal year 2015 totaled $260,358,701 for all funds. In the General Fund the
final amended budget showed a decrease in fund balance of $6,217,838. The actual change in fund
balance (GAAP Basis) was an increase of $3,654,928. The following are some of the key factors in the
change in fund balance:
Revenues were higher than the estimate due to increases in property tax and sales tax revenues.
Expenditures were overall lower due to reduced and deferred spending during the fiscal year.
Some expenditures planned for 2015 will occur in 2016.
Sale of capital assets reflected the sale of real property that was not anticipated in the budget.
Strategic planning is a driving force in the preparation of the City’s budget. The City Council has identified
the following areas of strategic priority:
Good Governance
Financially Sustainable City
Providing Core Services and Infrastructure
Neighborhood Integrity
Diverse Growing Economy
Improving Mobility
Sustainable City
Budget resources were included in the fiscal year 2015 to address these priorities.
CAPITAL ASSETS
The City of College Station’s investment in capital assets for its governmental and business-type activities
as of September 30, 2015 amounted to $576,017,509 (net of accumulated depreciation). This investment
in capital assets includes land, utility systems, building and building improvements, improvements other
than buildings, machinery and equipment, infrastructure, and construction in progress.
Capital Assets at Year End
Net of Accumulated Depreciation
Governmental Business-Type
Activities Activities Total
Land 34,864,726$ 690,750$ 35,555,476$
Utility systems - 309,240,311 309,240,311
Buildings and other improvements 26,096,513 3,758,848 29,855,361
Improvements other than buildings 24,366,370 - 24,366,370
Machinery and equipment 12,317,830 3,772,576 16,090,406
Infrastructure 135,626,317 - 135,626,317
Construction in progress 11,983,259 13,300,009 25,283,268
245,255,015$ 330,762,494$ 576,017,509$
24
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
Major capital projects completed by the City during the 2015 fiscal year include the following:
Jones Butler Extension
Cooner Street and Utility Rehabilitation
Dominik Sidewalks from Texas to George Bush
Dominik Sidewalks from George Bush to the Gables
West Ridge/San Pedro Sidewalks
Texas Avenue Sidewalks
Barron Road Improvements – SH 40 to W.S. Phillips Parkway
East District Maintenance Shop
Wolf Pen Creek Restrooms
Aerial Imagery Updates
Network and Data Security Upgrades
30” Parallel Water Transmission Line
West Side Sewer
Royder/Live Oak Sewer
Southwood Valley Substation Transformer Replacement
Health Science Pkwy Electric Duct System Install
W.S. Phillips Pkwy Overhead Line Extension
Additional information on the City’s capital assets can be found in Note IV.C to the financial statements.
Debt Administration
At the end of the 2015 fiscal year, the City of College Station had total debt outstanding of $247,115,000.
Of this amount, $233,720,000 (94.6 percent) is comprised of debt backed by the full faith and credit of the
City. Certificates of Obligation that fund business-type activities in the Electric, Water, Wastewater and
Northgate Parking Garage Funds are also backed by the surplus of revenue derived from each enterprise
funds revenue source. The remaining debt $13,395,000 (5.4 percent), is revenue bonds secured by
specified revenue sources from the City’s combined utility system.
The City’s total debt decreased by $19,870,000 (7.4 percent) during the current fiscal year. The change in
total debt was a result of the following:
Retirement of $18,345,000 in general obligation improvement bonds and certificates of obligation, and
the retirement of $1,525,000 in utility revenue bonds.
The City’s General Obligation and Certificates of Obligation have an underlying rating of AA+ by Standard
& Poor’s (“S&P”) and Aa2 by Moody’s Investors Service (“Moody’s”). The underlying ratings for the City’s
revenue bonds are A+ by S&P and Aa2 by Moody’s.
Additional information on the City’s long-term debt can be found in Note IV.H to the financial statements.
Governmental
Activities
Business-Type
Activities Total
General Obligation Bonds 81,855,000$ 44,670,000$ 126,525,000$
Certificates of Obligation 19,890,000 87,305,000 107,195,000
Revenue Bonds - 13,395,000 13,395,000
101,745,000$ 145,370,000$ 247,115,000$
2015 Year-End Outstanding Debt Payable
25
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
PENSIONS AND RETIREE HEALTHCARE
Effective in fiscal year 2015, the Governmental Accounting Standard Board (GASB) Statement No. 68,
“Accounting and Financial Reporting for Pensions” created specific reporting requirements for pensions
that are different than prior years. The reporting valuation provides a rigorous standard measure that can
be used to compare the City’s pension liabilities to other governments from around the nation. The funding
valuation is important as the actuarial methods used including strategies for repaying any unfunded
actuarial accrued liabilities combined with the City’s history of making those contributions provides insights
regarding the City’s commitment to and the effectiveness of its funding strategy.
Information contained in the financial statements themselves including the first schedule of Required
Supplementary Information (RSI), Schedule of Changes in Net Pension Liability and Related Ratios, is
based on the reporting valuation. The second schedule in the RSI, Schedule of Contributions, is based on
the funding valuation. On a reporting basis, the City’s financial statements reflect a Net Pension Liability
as of September 30, 2015 of $22,106,844, which is 51% of the City’s annual covered payroll of $43,726,328.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES
Economic conditions remain positive in the City of College Station. Sales tax revenues have been strong
for the past several years, and property values have continued to increase as well, with new construction
continuing at a strong pace. Growth continues throughout the City. In the northern part of the City,
construction continues along the University Drive Corridor with the construction of mixed use developments
including Northpoint Crossing and the upcoming redevelopment of the Chimney Hill shopping center. In
addition, the Century Square mixed-use development along University Drive is underway and is expected
to include hotels; a conference center; office, living and retail space; as well as restaurants. There also
continues to be activity in the Bio-Corridor. Multi-family construction continues to take place around the city
as well.
Plans for development continue in the Medical District in the southern part of the City east of Highway 6
and south of Rock Prairie Road. The City Council approved an Infrastructure and Economic Development
Agreement designed to facilitate the installation of primary infrastructure needed to activate the larger area
for private development. There is also increased interest by business prospects to potentially locate in the
College Station Business Center and the Spring Creek Corporate campus. Retail development continues,
especially in the southern part of the City with new restaurants and other businesses opening and others
under construction. The tourism and hospitality industry continues to grow with hotel rooms under
construction in College Station. The multi-purpose synthetic fields in Veterans Park were completed last
year and the fields have been utilized for a variety of events including the popular 7 on 7 football tournament.
The City again hosted the very successful Texas Amateur Athletic Federation Games of Texas, which
attracted thousands of visitors to the region. These facilities, along with the Facilities Access Agreement in
place for facilities at Texas A&M University, will attract additional events that, otherwise, likely would not
have come to the area.
Texas A&M University continues to see significant growth and development. The redevelopment of Kyle
Field was completed in time for the start of the 2015 football season. Enrollment continues to increase at
Texas A&M University and is estimated to be over 59,000 for the fall semester. Construction of new
buildings and facilities on campus continues to accommodate this growth.
26
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
All of this positive economic news puts strains on the city services, such as public safety, the
transportation system, utilities and other core services.
The following are some key fiscal and economic indicators for College Station including:
The total certified value of property in the City of College Station for 2015 is $6,611,929,074. This is
an increase of 6.4% over last year. This increase in value is due in part to new property values from
new construction of $229,580,610 added to the tax rolls. Existing property values increased by 2.7%
over 2015.
Since 2010 taxable values have increased from approximately $5.4 billion to approximately $6.6 billion
currently.
Through September 2015 the local unemployment rate was 3.1%. This is below the state average of
4.4% and the national average of 4.9%.
Sales and mixed drink beverage tax revenue, the largest revenue stream in the General Fund saw a
positive increase of 7.1% in fiscal year 2015.
The FY 2016 budget sets the strategic policy direction for the City and provides the funding to implement
that direction for the year. This budget will allow the staff to continue to meet the needs of our citizens and
visitors as the City continues to experience a sustained period of growth. This shows itself through
continued growth in higher education, through a robust visitor and tourism economy, and all of the ancillary
things this growth brings. While growth continues, there is also a need to maintain and improve existing
infrastructure throughout the City. This budget is a roadmap for addressing the growth and infrastructure
maintenance demands of the City into the future.
Key factors influencing budget preparation
Continued strength in the higher education sector of the economy.
Growth in service demands in areas including Public Safety and Streets/Transportation.
Increased tourism and visitor growth to the community.
Maintenance and repair of existing facilities and infrastructure.
Continued commitment to attracting and retaining a well-qualified, highly regarded workforce.
Continuing the commitment to Economic Development efforts in College Station.
Continued residential and commercial development throughout the city.
Addressing Growth
Providing additional Police, Fire and Emergency Medical Services for citizens and visitors.
Maintaining existing infrastructure including the streets and traffic management systems, electric,
water and wastewater utility systems, parks and recreation facilities, and other city facilities.
Adding and expanding capital infrastructure including streets, electric, water and wastewater
utility systems, parks and recreation facilities, and other city facilities to meet the service
demands that accompany growth.
Attracting and retaining a well-qualified workforce to provide excellent service.
As the City continues to grow, we must respond to that growth in a sustainable and measured manner. We
must be prudent with the limited available resources in an effort to maximize the services provided to
citizens and visitors of College Station.
27
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
Service Level Increases
On a continual basis, the City looks at ways to streamline and considers organizational changes. This
budget scrubbing is done each year as departments are asked to review current processes and identify
efficiencies and reallocate resources that can result in improved or increased services with minimal or no
cost increase. However, we also recognize that increased growth puts demands on resources and results
in the need for service level increases. Below is a summary of some of the key service level increases that
are included in the approved budget.
Core Services and Infrastructure
Police Department
Additional resources are included in the Police Department budget to keep up with growth in the
community. The budget includes four new positions and associated equipment:
One Recruiting and Training Officer
One Special Investigations Officer
One Communications Operator
One Community Enhancement Police Assistant
These positions will allow the department to focus more resources on public safety as the City
continues to grow.
Fire Department
The approved budget includes six firefighter positions to continue the staffing of a second ladder
truck for the City. These positions are partially funded through the Assistance to Firefighters Grant,
which was awarded to the Fire Department in August 2015. Funding is also included for the
purchase of the ladder truck. This is the second of a multi-year plan to add a new ladder truck to
be located at Station #6 on University Drive.
Funds are also included for the purchase of automatic CPR devices. Funds have also been set
aside for the replacement of the Self Contained Breathing Apparatus for all firefighters in FY 2017.
Public Works
Funds are included in the Public Works approved budget to maintain the City’s infrastructure. This
includes $1,600,000 in increased funding for street repair throughout the City, of which $1,450,000
is one time funding. Funds are also included to address maintaining the City’s facilities. Two years
ago a facilities assessment was completed that identified repairs that needed to be completed over
the next several years. This budget includes approximately $1.9 million to continue addressing the
maintenance and repairs identified in the assessment report.
The approved budget also includes an additional Traffic Engineer position as part of the continued
implementation of the Intelligent Transportation System (ITS) master plan.
Electric Utility
The Electric Utility budget includes funding for an Electric Meter Technician position and a Line
Technician/Troubleman position. These positions are necessary to meet the growing demands of
the utility. Funding is also included for substation painting – an important maintenance activity.
28
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
Water Services
The Water Services budget includes the addition of a Crew Leader position and Field Operator
position. This completes a two-year plan to add an additional crew for water services that will be
responsible for maintenance of the water distribution system and wastewater collection system.
Funds are also included for maintenance activities and new equipment.
Parks and Recreation
Funds are included in the Parks and Recreation approved budget to address equipment needs for
the Parks System as well as court resurfacing, replacement playground equipment and the repair
and addition of various amenities. Many of these items have been identified in the Parks Asset
Management Plan.
Neighborhood Integrity
Planning and Development Services
Funds are included in the approved budget for the implementation of components of neighborhood
plan projects that have been identified in recent years.
Diverse Growing Economy
Economic Development
The approved budget includes funding for additional economic development efforts in College
Station. This includes additional funding for the City’s Economic Development Division.
Tax Rate
The fiscal year 2016 budget was prepared using a tax rate of 45.25 cents per $100 assessed valuation.
This is the same as the fiscal year 2015 tax rate. The debt service portion of the tax rate is 19.3052 cents,
which is the rate necessary to meet the tax supported debt obligations of the City. The operations and
maintenance portion of the tax rate is 25.9448 cents. This provides the necessary revenue to support the
adopted General Fund budget.
Utility Rates
The fiscal year 2016 budget does not include utility rate increases
Capital Projects
The approved Capital Improvements Project Budget for FY16 totals $89,915,959 for all funds that include
capital projects. This is an increase of approximately $56 million over the capital budget for FY15 and
reflects some significant capital projects scheduled to be addressed this coming year. The appropriations
are intended to provide budget authorization for the contracts that are expected to be brought to Council
for approval in FY16. In some cases, the expenditures related to these contracts may be spread across
multiple fiscal years and, in those cases, the appropriations for the fiscal year would exceed the anticipated
expenditure for the fiscal year. The appropriations on capital projects will carry forward into subsequent
fiscal years.
29
Management’s Discussion and Analysis
For the Fiscal Year Ended September 30, 2015
(Unaudited)
City of College Station, Texas
The following are major projects in design, under construction or to be completed in 2016:
Roadway and Utility Rehabilitation Projects including Graham Road, Munson Street, Francis
Drive and Luther Street
Rock Prairie Road West Widening
Eisenhower Street Extension
Lakeway Extension
Greens Prairie Trail from FM 2154 through Royder
Cain/Deacon Union Pacific Railroad Crossing Switch
Design of FM 2818 Capacity Improvements
Safety Improvements – Holik, Park Place, Anna and Glade
Royder Road Expansion
Signal at State Highway 40 and Victoria
Intelligent Transportation System (ITS) Master Plan Implementation
Lick Creek Hike and Bike Trail
University Drive Pedestrian Improvements
New Police Station Design
Computer Aided Dispatch/Records Management System (CAD/RMS) Replacement
Enterprise Resource Planning (ERP) System Replacement
Library Expansion
Lick Creek Nature Center
Lincoln Center Addition
Well #9 and Well # 9 Collection Line
Area 2 Water Line Extension
Eastgate Water and Wastewater Utility Rehabilitation
Lick Creek Parallel Trunkline
Carter Creek Wastewater Treatment Plant Centrifuge and Electrical Improvements
Installation of 2nd Transformer at Northgate Substation
Electric Transmission Line Reroute and Reconductor
The capital funds come from various sources including General Obligation bonds authorized by the voters,
Certificates of Obligation supported by the tax rate or utility rates, and existing cash reserves from the
General Fund, the Utility funds, and the Hotel Tax Fund. Associated operating and maintenance costs
needed for the projects that will be operational in FY16 have been included in the approved budget.
The City plans to issue debt for capital projects in 2016.
REQUEST FOR INFORMATION
This financial report is designed to provide a general overview of the City of College Station’s financial
position for all who have an interest in the City’s finances. Questions concerning any of the information
provided in this report or requests for additional financial information should be addressed to:
City of College Station
Fiscal Services Department
ATTN: Assistant City Manager
PO Box 9960
College Station, Texas 77840-9960
Or visit our website at http://www.cstx.gov/cafr
30
Governmental
Activities
Business-type
Activities Total
Assets
Cash and cash equivalents 102,894,550$ 29,947,068$ 132,841,618$
Investments 10,219,867 2,974,036 13,193,903
Receivables (net of allow for uncollectible)5,625,268 19,657,534 25,282,802
Investments interest receivable 8,030 3,736 11,766
Inventories 6,488,178 2,610,840 9,099,018
Internal balance (3,994,411) 3,994,411 -
Prepaids 16,670 - 16,670
Restricted assets
Cash and cash equivalents - 18,172,000 18,172,000
Equity in investments - 1,805,038 1,805,038
Equity in joint venture - 13,572,308 13,572,308
Loans receivable 1,449,615 3,860,000 5,309,615
Capital assets (net of accum depreciation)-
Land and construction in progress 46,847,985 13,990,759 60,838,744
Other capital assets (net of accum depreciation)198,407,030 316,771,735 515,178,765
Total assets 367,962,782 427,359,465 795,322,247
Deferred outflows of resources
Deferred charge on pension 5,107,505 1,485,207 6,592,712
Deferred charge on refunding 1,502,183 1,192,558 2,694,741
Total deferred outflows of resources 6,609,688 2,677,765 9,287,453
Liabilities
Accounts payable 2,904,002 12,953,448 15,857,450
Accrued liabilities 1,670,911 657,733 2,328,644
Retainage payable 160,036 394,321 554,357
Customer construction advances 753,960 - 753,960
Claims payable 1,973,042 - 1,973,042
Unearned revenues 951,162 21,677 972,839
Accrued interest payable 541,338 762,609 1,303,947
Refundable deposits 100,759 3,188,175 3,288,934
Compensated absences - current 225,927 56,744 282,671
Current portion of long-term 9,153,973 11,677,374 20,831,347
Bonds and certificate of obligation payable 97,515,943 142,299,056 239,814,999
Compensated absences - long-term 2,760,267 693,274 3,453,541
Other post employment benefits 7,844,506 2,309,747 10,154,253
Net pension obligation 17,126,614 4,980,230 22,106,844
Total liabilities 143,682,440 179,994,388 323,676,828
Deferred inflows of resources
Deferred charge on pensions 727,423 211,527 938,950
Total deferred inflows of resources 727,423 211,527 938,950
Net position
Net investment in capital assets 167,101,930 200,468,509 367,570,439
Restricted for:
Debt service 2,814,048 1,581,186 4,395,234
Public safety 828,330 - 828,330
Community development 2,163,507 - 2,163,507
Tourism 8,663,166 - 8,663,166
Capital projects 38,426,832 - 38,426,832
Other purposes 2,479,031 - 2,479,031
Unrestricted 7,685,763 47,781,620 55,467,383
Total net position 230,162,607$ 249,831,315$ 479,993,922$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Net Position
September 30, 2015
31
Program Revenues Net Revenue (Expense) and
Operating Capital Changes in Net Position
Charges for Grants and Grants and Governmental Business-type
Functions/Programs Expenses Services Contributions Contributions Activities Activities Total
Governmental activities:
Police 18,601,237$ 607,839$ 55,580$ -$ (17,937,818)$ -$ (17,937,818)$
Fire 15,095,073 1,961,325 298,654 - (12,835,094) - (12,835,094)
Public works 18,793,401 2,254,382 - 2,544,233 (13,994,786) - (13,994,786)
Parks and recreation 9,884,737 1,652,014 453,577 998,295 (6,780,851) - (6,780,851)
Library 1,213,820 - - - (1,213,820) - (1,213,820)
Planning and development svcs 3,225,321 1,885,563 - - (1,339,758) - (1,339,758)
Information technology 4,416,190 72 - - (4,416,118) - (4,416,118)
Fiscal services 3,594,382 2,956,304 - - (638,078) - (638,078)
General government 10,194,285 2,822,398 2,187,590 - (5,184,297) - (5,184,297)
Interest on long-term debt 3,943,972 - - - (3,943,972) - (3,943,972)
Unallocated depreciation 1,235,340 - - - (1,235,340) - (1,235,340)
Total governmental activities 90,197,758 14,139,897 2,995,401 3,542,528 (69,519,932) - (69,519,932)
Business-type activities:
Electric 79,828,415 101,432,340 - 4,006,336 - 25,610,261 25,610,261
Water 13,082,761 15,069,720 - 2,088,029 - 4,074,988 4,074,988
Wastewater 12,437,020 13,864,099 - 2,007,222 - 3,434,301 3,434,301
Sanitation 7,786,244 8,845,145 668,322 1,472,527 - 3,199,750 3,199,750
Northgate parking 953,681 1,435,290 - 22,699 - 504,308 504,308
Total business-type activities 114,088,121 140,646,594 668,322 9,596,813 - 36,823,608 36,823,608
Total primary government 204,285,879$ 154,786,491$ 3,663,723$ 13,139,341$ (69,519,932) 36,823,608 (32,696,324)
General revenue:
Property taxes 30,936,581 - 30,936,581
Sales taxes 26,687,963 - 26,687,963
Other taxes 8,604,517 - 8,604,517
Unrestricted investment earnings 379,537 187,322 566,859
Gain on sale of capital assets 6,818,583 - 6,818,583
Transfers 13,037,208 (13,037,208) -
Total general revenues and transfers 86,464,389 (12,849,886) 73,614,503
Change in net position 16,944,457 23,973,722 40,918,179
Net position - beginning 217,123,245 228,537,318 445,660,563
Prior period adjustment (3,905,095) (2,679,725) (6,584,820)
Net position - ending 230,162,607$ 249,831,315$ 479,993,922$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Activities
For the Year Ended September 30, 2015
32
General Debt Service Streets Projects
Other
Governmental
Funds
Total
Governmental
Funds
Assets
Current assets
Cash and cash equivalents 20,913,630$ 2,560,216$ 18,656,421$ 41,467,068$ 83,597,335$
Equity in investments 2,076,644 254,308 1,853,156 4,118,954 8,303,062
Receivables (net of allow for uncollectible)3,805,692 533,207 345,997 1,005,425 5,690,321
Investments interest receivable 1,670 199 1,449 3,215 6,533
Inventories 49,509 - - 6,244,189 6,293,698
Prepaid costs 14,170 - - - 14,170
Loans receivable - - - 1,449,615 1,449,615
Total assets 26,861,315$ 3,347,930$ 20,857,023$ 54,288,466$ 105,354,734$
Liabilities
Accounts payable 794,803$ 675$ 733,580$ 280,303$ 1,809,361$
Accrued liabilities 1,602,822 - - 35,398 1,638,220
Retainage payable - - 94,637 60,577 155,214
Customer construction advances 752,760 - 1,200 - 753,960
Refundable deposits 100,759 - - - 100,759
Total liabilities 3,251,144 675 829,417 376,278 4,457,514
Deferred inflows of resources
Unavailable revenue-loans receivable - - - 211,738 211,738
Unavailable revenue-property taxes 554,073 533,207 - - 1,087,280
Unavailable revenue-other 633,034 - 345,997 19,142 998,173
Total deferred inflows of resources 1,187,107 533,207 345,997 230,880 2,297,191
Fund balances
Nonspendable 63,679 - - 6,244,189 6,307,868
Restricted - 2,814,048 19,681,609 32,644,246 55,139,903
Committed - -- 14,792,873 14,792,873
Assigned 2,433,744 - - - 2,433,744
Unassigned 19,925,641 - - - 19,925,641
Total fund balances 22,423,064 2,814,048 19,681,609 53,681,308 98,600,029
Total liabilities, deferred inflows of resources and fund balances 26,861,315$ 3,347,930$ 20,857,023$ 54,288,466$ 105,354,734$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Balance Sheet
Governmental Funds
September 30, 2015
33
Total fund balance per balance sheet 98,600,029$
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets used in governmental activities are not financial resources, therefore
are not reported in the governmental funds balance sheet 235,924,238
Deferred outflows of resources not reported in the governmental funds:
Pension contributions after measurement date 3,519,628$
Difference in projected and actual earnings 1,587,877
Deferred charges on debt refundings 1,502,183 6,609,688
Deferred inflows of resources not reported in the governmental funds:
Difference in expected and actual experience (727,423)
Long-term liabilities are not due and payable in the current period, therefore
are not reported in the governmental funds balance sheet.
Due within one year (10,343,423)
Due in more than one year (124,603,719) (134,947,142)
Interest payable on long-term debt does not require current financial
resources and is not reported in the governmental funds balance sheet.(541,338)
Allowance for loans receivable (72,663)
Other long-term assets are not available to pay for current period expenditures
and, therefore, are reported as unavailable revenue in the funds 2,297,191
Internal service funds are used by management to charge the costs of certain activities,
such as insurance, fleet maintenance, and equipment replacement to individual funds.
The assets and liabilities of the internal service funds are included in the
government-wide statements of net position (net of the amount allocated to
business-type activities).
Assets 30,767,837
Liabilities (3,753,399)
Net amount allocated to business-type activities (3,994,411) 23,020,027
Net position of governmental activities 230,162,607$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Position
September 30, 2015
34
General Debt Service Streets Projects
Other
Governmental
Funds
Total
Governmental
Funds
Revenues
Ad valorem taxes 17,000,439$ 12,655,920$ -$ 192,941$ 29,849,300$
Sales taxes 26,687,963 - - - 26,687,963
Other taxes 3,061,718 - - 5,542,799 8,604,517
Licenses and permits 1,500,777 - - - 1,500,777
Intergovernmental 355,083 - 187,020 2,192,660 2,734,763
Charges for services 3,572,684 - -2,746,038 6,318,722
Fines, forfeits, and penalties 2,693,647 - -206,549 2,900,196
Investment income 116,074 19,417 90,309 153,740 379,540
Rents and royalties 136,228 - - - 136,228
Contributions 1,251 - - 1,444,702 1,445,953
Other 3,252,310 - 107,897 26,724 3,386,931
Total revenues 58,378,174 12,675,337 385,226 12,506,153 83,944,890
Expenditures
Current
Police 18,533,889 - - 13,905 18,547,794
Fire 14,881,983 - - - 14,881,983
Public works 9,156,070 - - 1,116,465 10,272,535
Parks and recreation 8,194,670 - - 352,413 8,547,083
Library 1,138,568 - - - 1,138,568
Planning and development services 3,106,143 - - 140,288 3,246,431
Information technology 4,112,987 - - - 4,112,987
Fiscal services 3,314,990 - - 253,367 3,568,357
General government 4,853,358 - - 1,062,753 5,916,111
Contributions 1,187,500 - - 2,424,260 3,611,760
Other 217,114 - - 4,943 222,057
Capital outlay 129,896 - 5,310,016 4,214,597 9,654,509
Debt service
Principal retirement - 9,110,000 - - 9,110,000
Interest payments - 4,220,656 - - 4,220,656
Debt issuance costs - 7,862 - - 7,862
Intergovernmental - -151,289 - 151,289
Total expenditures 68,827,168 13,338,518 5,461,305 9,582,991 97,209,982
Excess (deficiency) of revenues over (under) expenditures (10,448,994) (663,181) (5,076,079) 2,923,162 (13,265,092)
Other financing sources (uses)
Sale of capital assets 8,974,205 - - - 8,974,205
Transfers In 15,094,866 262,795 1,739,457 10,755,812 27,852,930
Transfers out (11,441,262) - (550,974) (2,823,486) (14,815,722)
Total other financing sources (uses)12,627,809 262,795 1,188,483 7,932,326 22,011,413
Net change in fund balance 2,178,815 (400,386) (3,887,596) 10,855,488 8,746,321
Fund balances, October 1 20,244,249 3,214,434 23,569,205 42,825,820 89,853,708
Fund balances, September 30 22,423,064$ 2,814,048$ 19,681,609$ 53,681,308$ 98,600,029$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended September 30, 2015
35
Net change in fund balance - total governmental funds 8,746,321$
Amounts reported for governmental activities in the statement of activities differ as a result of the following:
Governmental funds report capital outlays as expenditures. However, in the government-wide
statement of activities the cost of those assets are allocated over their estimated
useful lives as depreciation expense. This is the amount of capital assets
recorded in the current period.9,654,509
Governmental funds do not recogonize the total amount of revenue recognized in the government-wide
statement of activities related to the sale of redevelopment home properties 17,210
The effect of various miscellaneous transactions involving capital assets (e.g., sales, trade ins,
and capital contributions) is to increase/decrease net assets.701,900
Some property tax and loan revenues will not be collected for several
months after the the City's fiscal year end. These are not considered "available" revenues
in the governmental funds until received. 984,322
Amortization of interest as the result of debt refundings is reported in the government-wide statement of
activities but does not require the use of current financial resources. Therefore, amortized interest
expense is not reported as an expenditure in governmental funds.493,973
Depreciation expense on capital assets is reported in the government-wide statement of
activities but does not require the use of current financial resources. Therefore, depreciation
expense is not reported as an expenditure in governmental funds.(13,467,977)
The issuance of long-term debt (i.e., bonds, certificates of obligation) provides current
financial resources to governmental funds, while the repayment of the principal of long-term
debt consumes the current financial resources of governmental funds. Neither transaction,
however, has any effect on net position. Also, governmental funds report the effect of issuance
costs, premiums, discounts, and similar items when debt is first issued, whereas the amounts are
deferred and amoritized in the statement of activities. This amount is the net effect of these
differences in the treatment of long-term debt and related items.
Bond principal retirement 9,110,000
Long-term estimated liabilities are recognized as expenses in the Statement of Activities as incurred,
but are recognized when current financial resources are used in the government funds.
Compensated absences (210,439)$
Net pension obligation 685,782
Other post retirement benefits (783,853) (308,510)
Internal service funds are used by management to charge the costs of certain activities, such as
insurance, fleet maintenance, and equipment replacement to individual funds. The net revenue
of the internal service funds is reported with governmental activities net of the amount
allocated to business-type activities.
Change in net position 1,221,699
Net amount allocated to business activities (208,990) 1,012,709
Change in net position of governmental activities 16,944,457$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
For the Fiscal Year Ended September 30, 2015
36
Governmental
Activities
Electric Water Wastewater
Other Enterprise
Funds
Total Enterprise
Funds
Internal Service
Funds
Assets
Current assets
Cash and cash equivalents 18,529,840$ 3,761,342$ 5,873,539$ 1,782,347$ 29,947,068$ 19,675,355$
Investments 1,840,461 373,536 583,383 176,656 2,974,036 1,954,097
Restricted assets
Cash and cash equivalents 4,047,183 3,921,509 10,203,308 - 18,172,000 -
Investments 402,010 389,526 1,013,502 - 1,805,038 -
Receivables (net of allow for uncollectible)14,042,244 2,569,341 1,862,776 1,183,173 19,657,534 73,772
Investments interest receivable 1,753 597 1,248 138 3,736 1,528
Inventories 2,175,033 385,623 23,165 27,019 2,610,840 194,480
Prepaid costs - - - - - 2,500
Total current assets 41,038,524 11,401,474 19,560,921 3,169,333 75,170,252 21,901,732
Noncurrent assets
Equity in joint venture - - - 13,572,308 13,572,308 -
Loans receivable - - - 3,860,000 3,860,000 -
Capital assets
Utility plant 192,487,181 176,715,471 137,872,507 - 507,075,159 -
Buildings - - - 5,737,679 5,737,679 786,525
Machinery and equipment 341,663 227,775 113,888 6,352,616 7,035,942 24,662,001
Less accumulated depreciation (87,580,758) (56,879,051) (53,879,581) (4,737,655) (203,077,045) (15,902,152)
Construction in progress 2,987,104 5,290,243 4,935,673 86,989 13,300,009 -
Land - - - 690,750 690,750 -
Total capital assets 108,235,190 125,354,438 89,042,487 8,130,379 330,762,494 9,546,374
Total noncurrent assets 108,235,190 125,354,438 89,042,487 25,562,687 348,194,802 9,546,374
Total assets 149,273,714 136,755,912 108,603,408 28,732,020 423,365,054 31,448,106
Deferred outflows of resources
Deferred charge on pensions 697,109 272,435 264,541 251,122 1,485,207 246,560
Deferred charge on refunding 509,996 469,564 168,288 44,710 1,192,558 -
Total deferred outflows of resources 1,207,105 741,999 432,829 295,832 2,677,765 246,560
Liabilities
Current liabilities
Accounts payable 11,444,509 1,044,928 236,202 227,809 12,953,448 1,099,995
Accrued liabilities 382,594 65,169 80,358 129,612 657,733 70,270
Unearned revenue - other - - - 21,677 21,677 -
Compensated absences 25,139 8,986 12,877 9,742 56,744 8,692
Retainage payable 212,624 136,978 38,477 6,242 394,321 4,822
Claims payable - - - - - 1,973,042
Payable from restricted assets
Accrued interest payable 290,189 240,077 208,263 24,080 762,609 -
Refundable deposits 2,845,842 317,364 20,769 4,200 3,188,175 -
Certificates of obligation 2,114,905 1,012,695 955,013 250,000 4,332,613 -
General obligation bonds 1,823,832 2,094,459 2,178,296 423,174 6,519,761 -
Revenue bonds 111,186 478,100 235,714 - 825,000 -
Total current liabilities 19,250,820 5,398,756 3,965,969 1,096,536 29,712,081 3,156,821
Noncurrent liabilities
Certificates of obligation 42,438,031 18,994,767 21,998,515 3,610,000 87,041,313 -
General obligation bonds 14,362,584 15,507,256 11,733,381 1,084,522 42,687,743 -
Revenue bonds 1,694,071 7,284,501 3,591,428 - 12,570,000
Compensated absences 307,138 109,781 157,331 119,024 693,274 106,200
Post employment benefits 1,032,782 383,888 508,476 384,601 2,309,747 412,711
Net pension obligation 2,337,564 913,535 887,064 842,067 4,980,230 826,772
Total noncurrent liabilites 62,172,170 43,193,728 38,876,195 6,040,214 150,282,307 1,345,683
Total liabilities 81,422,990 48,592,484 42,842,164 7,136,750 179,994,388 4,502,504
Deferred inflows of resources
Deferred charge on pensions 99,284 38,801 37,677 35,765 211,527 35,115
Total deferred inflows of resources 99,284 38,801 37,677 35,765 211,527 35,115
Net position
Net investment in capital assets 54,455,379 82,266,006 57,124,441 6,622,683 200,468,509 9,546,374
Restricted for:
Debt service 435,933 565,609 579,644 - 1,581,186 -
Unrestricted 14,067,233 6,035,011 8,452,311 15,232,654 43,787,209 17,610,673
Total net position 68,958,545$ 88,866,626$ 66,156,396$ 21,855,337$ 245,836,904 27,157,047$
Adjustment to reflect the consolidation of internal services fund activities related to enterprise funds 3,994,411
Net position of business-type activities 249,831,315$
The notes to the financial statements are an integral part of this statement.
Business-type Activities-Enterprise Funds
CITY OF COLLEGE STATION, TEXAS
Statement of Net Position
Proprietary Funds
September 30, 2015
37
Governmental
Activities
Electric Water Wastewater
Other Enterprise
Funds
Total Enterprise
Funds
Internal Service
Funds
Operating revenues
Intergovernmental -$ -$ -$ 5,500$ 5,500$ -$
Charges for services 98,763,293 14,185,870 14,547,098 9,839,065 137,335,326 9,255,178
Fines, forfeits, and penalties - - - 229,457 229,457 -
Premiums - - - - - 10,850,350
Rents and royalties 3,563 706 - - 4,269 -
Other 2,347,427 826,136 368,306 32,833 3,574,702 318,132
Total operating revenues 101,114,283 15,012,712 14,915,404 10,106,855 141,149,254 20,423,660
Operating expenses
Electric operations 70,909,104 - - - 70,909,104 -
Salaries and benefits - 2,283,067 2,418,413 2,451,690 7,153,170 2,498,234
Supplies - 572,274 942,873 421,810 1,936,957 955,266
Maintenance - 78,075 192,890 664,294 935,259 45,519
Purchased professional services - 469,327 279,752 854,646 1,603,725 189,666
Purchased property services - 1,247,935 1,105,212 1,504,180 3,857,327 49,475
Other purchased services - 269,881 573,575 1,429,620 2,273,076 790,940
Claims - -- - - 7,906,221
Administration fee - -- - - 2,123,209
Contributions - -- 40,729 40,729 2,267,479
Premiums - -- - - 1,701,237
Depreciation 6,086,048 5,339,673 5,008,103 1,111,015 17,544,839 2,117,042
Other 467,945 209,521 59,969 23,126 760,561 367,935
Total operating expenses 77,463,097 10,469,753 10,580,787 8,501,110 107,014,747 21,012,223
Operating income (loss)23,651,186 4,542,959 4,334,617 1,605,745 34,134,507 (588,563)
Nonoperating revenues (expenses)
Investment income 71,155 40,226 69,042 6,899 187,322 96,325
Gain (loss) on disposal of assets (16,516) (187,383) (1,312,630) - (1,516,529) 45,451
Earnings in joint venture - - - 662,822 662,822 -
Interest expense (2,496,009) (1,948,160) (1,615,489) (65,157) (6,124,815) -
Other, net 331,866 (493,179) (65,082) (134,082) (360,477) 1,366,623
Total nonoperating revenues (expenses)(2,109,504) (2,588,496) (2,924,159) 470,482 (7,151,677) 1,508,399
Income before capital contributions and transfers 21,541,682 1,954,463 1,410,458 2,076,227 26,982,830 919,836
Capital contributions and transfers
Capital contributions 4,006,336 2,088,029 2,007,222 1,495,226 9,596,813 104,983
Transfers in 738,495 1,196 773 218,401 958,865 266,000
Transfers out (7,402,305) (2,814,769) (2,556,113) (1,222,886) (13,996,073) (69,120)
Total capital contributions and transfers (2,657,474) (725,544) (548,118) 490,741 (3,440,395) 301,863
Change in net position 18,884,208 1,228,919 862,340 2,566,968 23,542,435 1,221,699
Beginning net position 51,091,592 88,028,965 65,587,428 20,043,911 26,280,705
Prior period adjustment (1,017,255) (391,258) (293,372) (755,542) (2,457,427) (345,357)
Ending net position 68,958,545$ 88,866,626$ 66,156,396$ 21,855,337$ 27,157,047$
Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds 208,990
Change in net position of business-type activities 21,293,998$
The notes to the financial statements are an integral part of this statement.
CITY OF COLLEGE STATION, TEXAS
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Fiscal Year Ended September 30, 2015
Business-type Activities - Enterprise Funds
38
Governmental
Activities
Other Total Internal
Enterprise Enterprise Service
Electric Water Wastewater Funds Funds Funds
Cash flows from operating activities:
100,057,395$ 14,283,746$ 14,685,865$ 9,707,532$ 138,734,538$ 20,395,322$
(72,980,199) (2,947,576) (3,986,442) (6,044,418) (85,958,635) (16,221,997)
(4,049,735) (1,468,181) (1,792,050) (1,785,528) (9,095,494) (1,907,008)
(69,042) (22,531) 6,684 - (84,889) -
- (493,179) (65,082) (146,351) (704,612) (23,114)
Cash received from customers
Cash payments to suppliers for goods and services
Cash payments to employees for services
Customer deposits received (refunded)
Cash paid for miscellaneous services
Cash received for miscellaneous revenues 331,866 - - 12,269 344,135 1,389,737
Net cash provided (used) by operating activities 23,290,285 9,352,279 8,848,975 1,743,504 43,235,043 3,632,940
Cash flows from noncapital financing activities:
Transfers in from other funds 738,495 1,196 773 218,401 958,865 266,000
Transfers out to other funds (7,402,305) (2,814,769) (2,556,113) (1,222,886) (13,996,073) (69,120)
Net cash provided (used) by noncapital financing activities (6,663,810) (2,813,573) (2,555,340) (1,004,485) (13,037,208) 196,880
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets (10,479,159) (7,362,204) (4,150,019) (1,220,851) (23,212,233) (3,702,439)
Capital grants and contributions 4,006,336 2,088,029 2,007,222 1,495,226 9,596,813 104,983
Proceeds from sale of assets - - - - - 45,451
Principal paid on certificates of obligation and general obligation bonds (3,930,057) (3,685,520) (3,145,571) (401,996) (11,163,144) -
Interest paid on certificates of obligation and general obligation bonds (2,437,208) (1,892,402) (1,589,894) (67,553) (5,987,057) -
Net cash provided (used) by capital and related financing activities (12,840,088) (10,852,097) (6,878,262) (195,174) (30,765,621) (3,552,005)
Cash flows from investing activities:
Purchase of investments (4,473,692) (1,526,840) (3,197,415) (347,329) (9,545,276) (3,830,393)
Proceeds from sale and maturities of investment securities 4,614,834 2,212,633 3,662,384 335,033 10,824,884 4,356,968
Investment income 69,402 39,629 67,794 6,761 183,586 94,797
Net cash provided (used) by investing activities 210,544 725,422 532,763 (5,535) 1,463,194 621,372
Net increase (decrease) in cash and cash equivalents 3,996,931 (3,587,969) (51,864) 538,310 895,408 899,187
Cash and cash equivalents, Oct. 1 18,580,092 11,270,820 16,128,711 1,244,037 47,223,660 18,776,168
Cash and cash equivalents, Sept. 30 22,577,023$ 7,682,851$ 16,076,847$ 1,782,347$ 48,119,068$ 19,675,355$
Reconciliation of operating income to net cash
Provided by operating activities:
Operating income 23,651,186$ 4,542,959$ 4,334,617$ 1,605,745$ 34,134,507$ (588,563)$
Adjustment to reconcile operating income to net
cash provided (used) by operating activities:
Depreciation, bad debt expense, inventory loss 6,086,048 5,339,673 5,008,103 1,111,015 17,544,839 2,117,042
Miscellaneous nonoperating revenues 331,866 - - 12,269 344,135 1,389,737
Miscellaneous nonoperating expenses - (493,179) (65,082) (146,351) (704,612) (23,114)
Changes in deferred inflows and outflows (597,825) (233,634) (226,864) (193,680) (1,252,003) (211,445)
Changes in assets and liabilities:
Change in accounts receivable (1,056,888) (728,966) (229,539) (257,360) (2,272,753) (28,338)
Change in inventory (359,903) (43,555) 6,670 (21,378) (418,166) (78,899)
Change in prepaid costs - - - - - (2,500)
Change in accounts payable (5,688,899) 556,615 (324,242) (144,292) (5,600,818) 494,247
Change in refundable deposits (69,042) (22,531) 6,684 - (84,889) -
Cahange in retaingage payable - - - - - 4,822
Change in claims payable - - - - - 322,406
Change in accrued liabilities 58,639 17,834 16,606 20,393 113,472 3,921
Change in deferred revenue - - - (141,963) (141,963) -
Change in accrued vacation 77,219 14,837 7,672 12,928 112,656 16,048
Change in OPEB 201,437 104,074 72,201 59,881 437,593 38,743
Change in net pension obligation 656,447 298,152 242,149 (173,703) 1,023,045 178,833
Total adjustments (360,901) 4,809,320 4,514,358 137,759 9,100,536 4,221,503
Net cash provided (used) by operating activities 23,290,285$ 9,352,279$ 8,848,975$ 1,743,504$ 43,235,043$ 3,632,940$
There were no material noncash investing, capital, and financing activities for the year ended September 30, 2015.
The notes to the financial statements are an integral part of this statement.
Business-type Activities - Enterprise Funds
CITY OF COLLEGE STATION, TEXAS
Statement of Cash Flows
Proprietary Funds
For the Fiscal Year Ended September 30, 2015
39
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
I.Summary of Significant Accounting Policies
A.Financial Reporting Entity
The City of College Station, Texas (“City”), the financial reporting entity presented in these financial statements,
was incorporated in 1938 as a municipal corporation incorporated under the provisions of H.B. 901 of the Texas
Legislature. The City operates under a Council-Manager form of government and provides such services as
authorized by its charter to advance the welfare, health, comfort, safety and convenience of the City and its
inhabitants.
The accounting and reporting policies of the City relating to the funds included in the accompanying basic
financial statements conform to accounting principles generally accepted in the United States of America (GAAP)
applicable to state and local governments. Generally accepted accounting principles for local governments
include those principles prescribed by the Governmental Accounting Standards Board (GASB), the American
Institute of Certified Public Accountants in the publication entitled State and Local Governments-Audit and
Accounting Guide and by the Financial Accounting Standards Board (when applicable).
The City’s basic financial statements include the accounts of all City operations. The criteria for including
organizations as component units within the City’s reporting entity, as set forth in Section 2100 of
GASB’s Codification of Governmental Accounting and Financial Reporting Standards, include whether:
•The organization is legally separate (can sue and be sued in their own name)
•The City holds the corporate powers of the organization
•The City appoints a voting majority of the organization’s board
•The City is able to impose its will on the organization
•The organization has the potential to impose a financial benefit/burden on the City
•There is a fiscal dependency by the organization on the City.
Based on the aforementioned criteria, the City has no component units.
B.Government-Wide and Fund Financial Statements
The government-wide financial statements (e.g., the statement of net position and the statement of activities)
report information on all of the activities of the City. For the most part, the effect of interfund activity has been
removed from these statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a significant
extent on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses for a given function or segment
is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or
segment. Program revenues include (1) charges to customers or applicants who purchase, use or directly benefit
from goods, services or privileges provided by a given function or segment and (2) grants and contributions that
are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and
other items not properly included among programs revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds and proprietary funds. Major individual
governmental funds and major individual enterprise funds are reported as separate columns in the fund financial
statements.
C.Measurement Focus, Basis of Accounting and Financial Statement Presentation
Measurement focus refers to the type of information a given fund presents; basis of accounting refers to when
revenues and expenditures 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 focuses applied.
The government-wide financial statements and fund financial statements for proprietary funds are reported using
the economic resources measurement focus and the accrual basis of accounting. The economic resources
measurement focus means all assets and liabilities (whether current or noncurrent) are included on the statement
40
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
of net position and the operating statements present increases (revenues) and decreases (expenses) in total
net position.
Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the
timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied.
Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met.
Governmental fund financial statements are reported using the current financial resources measurement focus
and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are
recognized as soon as they are both measurable and available. “Measurable” means the amount of the
transaction can be determined and “available” means collectible within the current period or soon enough
thereafter to be used to pay liabilities of the current period. The City considers revenues to be available if they
are collected within 30 days of the end of the current fiscal period. Expenditures are generally recorded when a
liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures
related to vacation, claims, and judgments are recorded only when payment is due.
Property taxes, other local taxes, licenses, and interest associated with the current fiscal period are all
considered to be susceptible to accrual and, therefore, have been recognized as revenues of the current fiscal
period. All other revenue items are considered to be measureable and available only when the City receives
cash.
The City reports the following major governmental funds:
The General Fund is the City’s primary operating fund. It accounts for all financial resources of the general
government, except those required to be accounted for in another fund. All general tax revenues and other
receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this
fund. General operating expenditures, fixed charges and capital improvement costs that are not paid through
other funds are paid from the General Fund.
The Debt Service Fund accounts for the financial resources that are restricted, committed, or assigned to
expenditure for the payment of principal and interest on long-term debt paid primarily from taxes levied by
the City. Financial resources that are being accumulated from principal and interest in future years are also
reported in the Debt Service Fund.
The Streets Projects Fund accounts for the costs of new street construction, street improvements, and traffic
signalization made with funds provided primarily by proceeds from the sale of general obligation bonds and
by investing those proceeds.
The City reports the following major proprietary funds:
The Electric Fund accounts for the activities necessary to provide electric services to the residents of the
City. These activities include administration, distribution system operations and maintenance, transmission
system operations and maintenance, new construction, and financing and related debt services. Billing and
collection services are accounted for as an internal service fund.
The Water Fund accounts for the activities necessary to provide water services to the residents of the City.
These activities include administrative services, water production and distribution system operation and
maintenance, new construction, and financing and related debt services. Billing and collection services are
accounted for as an internal service fund.
The Wastewater Fund accounts for the activities necessary to provide wastewater services to the residents
of the City. These activities include administrative services, wastewater system operation and maintenance,
new construction, and financing and related debt services. Billing and collection services are accounted for
as an internal service fund.
41
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Additionally, the City reports the following fund types:
Internal Service Funds account for activities related to administration of health insurance provided to City
employees; the City’s risk management activities, including general liability, unemployment and workers’
compensation claims and associated administrative expenses on a cost reimbursement basis; utility billing
and collection activities related to the City’s electric, water, and wastewater utilities and residential and
commercial garbage collections; activities related to the management of the City’s vehicles and heavy
equipment, including preventative maintenance and vehicle repair; and activities related to the purchase and
replacement of vehicles and large motorized equipment, telephone and radio systems, and technological
infrastructure equipment not budgeted in other funds.
In general, the effect of internal fund activity has been eliminated from the government-wide financial
statements. Exceptions to this rule are payments-in-lieu of taxes, indirect costs and franchise fees, and other
charges between the City’s Electric, Water, and Wastewater Funds because elimination of these charges
would distort the direct costs and program revenues reported in the Statement of Activities.
Amounts reported as program revenues include (1) charges to customers or applicants who purchase, use,
or directly benefit from goods, services, or privileges provided by a given function or segment and (2) grants
and contributions that are restricted to meeting the operational or capital requirements of a particular function
or segment. Taxes and other items not properly included among program revenues are reported instead as
general revenues.
Proprietary funds distinguish operation revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services in connection with the fund’s principal
ongoing operations. The principal operation revenues of the City’s enterprise funds are charges for customer
services including electric, water, wastewater, and sanitation fees; while internal service funds revenues are
for equipment purchase amounts and risk management charges. Operating expenses for enterprise fund
and internal services funds include the cost of services, administrative expenses, and depreciation on capital
assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and
expenses.
When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted
resources first, and then unrestricted resources as they are needed.
D.Assets, Liabilities, and Net Position or Equity
Cash and Cash Equivalents
Cash and cash equivalents are short term highly liquid investments that are (a) readily convertible to known
amounts of cash and (b) so near their maturity that they present insignificant risk of changes in value because
of changes in interest rates. Therefore, for purposes of the statement of cash flows, cash and cash equivalents
(including restricted assets) include demand accounts, investments pools, money market mutual funds,
certificates of deposit and agency securities notes with original maturities of three months or less when
purchased.
All cash, except for petty cash accounts, is deposited with the City’s depository bank in interest bearing accounts
or is invested.
The City uses a pooling method to account for cash and cash equivalents. Equity in cash and cash equivalents
and interest income from pooled cash are allocated to the participating funds on a monthly basis. The amount
of the allocation is determined by calculating a ratio of each fund’s equity in the pool to the total pool.
Investments
Investments are made in accordance with the City’s Investment Policy which was adopted by the City Council in
October 2014 for the fiscal year ending September 30, 2015. This policy is applicable to all city funds and permits
investment in obligations of U.S. Government or its agencies, repurchase agreements, commercial paper,
certificates of deposit, public funds investment pools, and money market mutual funds. This policy states that
the Assistant City Manager shall designate the City’s Investment Officer with whom responsibility and authority
for investment transactions reside.
42
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
The investments purchased under the provisions of the Investment Policy are managed to maintain liquidity for
meeting the City’s needs for cash and to limit potential market risks in periods of rising interest rates which
depress the market value of securities. As a guideline, maturity of securities should not exceed five years for
cash management purposes, with an optimum weighted average maturity of less than two years. Investments in
securities with a maturity of more than two years are considered prudent for funds maintained for capital
construction and debt service funds, if necessary to meet projected disbursement schedules.
As a general guideline, the City’s cash management portfolio is designed with the objective of meeting, over the
course of full market cycles, the average return on three-month U.S. Treasury bills, or the average rate of federal
funds, whichever is higher. These indices are considered benchmarks for riskless investment transactions and
therefore comprise a standard for the portfolio’s rate of return. The investment program seeks to augment rates
of return above this level. In a diversified portfolio, measured losses are inevitable and must be considered within
the context of the overall portfolio. The objective of investment in construction funds should at least match
inflation increases in construction costs.
Active portfolio management includes the practice of selling securities prior to maturity and using the proceeds
to purchase other securities. Such “swaps” are performed for a variety of valid reasons: to lengthen maturities
as interest rates rise, to secure market profits and shorten maturities as interest rates fall, and to take advantage
of differences in relative yield between different types of securities and varying maturities. “Swaps” analysis is
the responsibility of the City’s Investment Officer and the decision to execute the “swap” rests with this
designated Officer. To protect the portfolio from imprudent trading, no security may be sold until such time as
the current market value of the security plus interest earned from date of purchase is at least equal to the
purchase price of that security.
State statutes authorize the City to invest in fully insured time deposits, direct debt securities of the United States
or its agencies, and fully collateralized repurchase agreements. The repurchase agreements must be purchased
pursuant to a master repurchase agreement which specifies that the transaction be held in a safekeeping
account subject to the control and custody of the City.
Investments in security repurchase agreements may be made only with the City’s depository bank, with state or
national banks domiciled in the state of Texas, or with securities dealers reporting to the Federal Reserve Bank
of New York (“Primary Dealers”). All securities are purchased delivery versus payment and held in the City’s
name in a safekeeping account at The Bank of New York.
Investments of all funds may consist of Agency securities, money market mutual funds, certificates of deposit
and investments in public funds investment pool. Investments are stated at fair value in accordance with GASB
Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment
Pools. In 2011, the City adopted GASB No.59, Financial Instruments Omnibus. See Note IV-A regarding 2a7-
like pools.
The City also uses a pooling method to account for investments. Equity in investments and interest income from
the investment pool is allocated to the participating funds on a monthly basis and is determined by calculating a
ratio of each fund’s equity in the investment pool to the total pool.
Inventories, Assets Held for Resale and Prepaid Costs
Inventories are accounted for using the consumption method and are valued at year-end based on cost, with
costs determined using an average cost method.
Assets held for resale are Cemetery plots which are in the governmental funds. City ordinance stipulates the
percentage of cemetery plot sales to be allocated to the operational fund. These assets held for resale are in the
non-major governmental Cemetery funds and are reported as inventory in the financial statements and
accounted for using the purchases method.
Payments made to vendors for services that will benefit periods beyond September 30, 2015, are recorded as
prepaid costs with a reserve for prepaid items recognized in the governmental funds in the fund level financial
statements to indicate that a portion of fund balance is not available for other subsequent expenditures.
43
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Interfund Transaction and Receivables/Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the
fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or
“advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding balances
between funds are reported as “due to/from other funds”. Any residual balances outstanding between
governmental activities and business-type activities are reported in the government-wide financial statements
as “internal balances.”
Transactions between Funds
The City allocates an indirect cost percentage of administrative services paid through the General Fund along
with other indirect costs deemed necessary for the operation of the proprietary funds, internal service funds and
the other governmental funds.
Restricted Assets
In the Enterprise Funds, proceeds of utility revenue bonds and certificates of obligations, as well as resources
set aside for their repayment, are classified as restricted assets on the balance sheet because their use is limited
by applicable bond covenants. In addition, customer utility deposits are classified as restricted assets because
the deposit remains the property of the customer and is not available for operations.
Investment in Joint Venture
The Proprietary Funds’ investment in joint venture is recorded using the equity method of accounting. Required
disclosures concerning the joint venture are presented in Note V-C.
Capital Assets
Capital assets include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and
similar items) and are reported in the applicable governmental or business-type activities columns in the
government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual
cost of more than $5,000 and an estimated useful life in excess of three years. Such assets are recorded at
historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at
estimated fair market value at the date of donation.
Assets owned by the electric utility are capitalized in accordance with Federal Energy Regulatory Commission
(FERC) guidelines. Furthermore, assets owned by either the Water or Wastewater utilities are capitalized in
accordance with the National Association of Regulatory Utility Commissioners (NARUC) guidelines. The costs
of normal maintenance and repairs that do not add to the value of the assets or materially extend the asset’s
useful life are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed. In accordance
with Financial Accounting Standards Board ASC 980 Regulated Operations, interest is not capitalized during
construction of capital assets of business-type activities because interest is recovered currently in the City’s
established rate structure.
Depreciation of all assets is recorded and calculated using the straight-line method over the following estimated
useful lives:
Electric system 1-50 Years
Water system 2-50 Years
Wastewater system 2-50 Years
Infrastructure 10-50 Years
Buildings and building improvements 5-50 Years
Land improvements 10-45 Years
Machinery and equipment 5-20 Years
Motor vehicles 3-12 Years
Furniture, fixtures and office equipment 5-20 Years
44
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Compensated Absences
Employees are credited with vacation at rates of 10 to 20 days per year, depending upon length of service.
Carryover of unused vacation time from one year to the next is allowed for a maximum of two years. Upon
termination, the respective employees are paid for any accrued vacation not taken (up to the two year maximum).
Accumulated vacation is accrued when earned in the government-wide and proprietary fund financial
statements. No liability has been recorded in the governmental fund financial statements.
Employees are credited with sick leave at the rate of one day per month. There is no maximum to the number
of sick days that each employee can accumulate. Because the City does not pay employees for unused
accumulated sick leave, no related liability has been recorded in the financial statements.
Changes in compensated absences for the year ending September 30, 2015 were as follows:
Internal service funds predominantly serve the governmental funds. All internal service funds are included as
part of the above totals for governmental activities. All of the Utility Customer Service Fund and a portion of the
remaining internal service funds are included in the Business-type Activities on the Statement of Net Position.
For the governmental activities, accrued vacation is generally liquidated by the general fund.
Long-Term Obligations
In the government-wide financial statements and in the fund financial statements for the proprietary fund types,
long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities,
business-type activities, or proprietary fund statement of net position. Bond premiums and discounts are
deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported
net of the applicable bond premium or discount and deferred amounts on refunding. Bond issuance costs, with
the exception of bond insurance, are expensed in the period incurred.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as
bond issuance costs, during the current period. The face amount of debt issued is reported as other financing
sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt
issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt
proceeds received, are reported as debt service expenditures.
Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of
resources related to pensions, and pension expense, information about the Fiduciary Net Position of the Texas
Municipal Retirement System (TMRS) and additions to/deductions from TMRS’s Fiduciary Net Position have
been determined on the same basis as they are reported by TMRS. For this purpose, plan contributions are
recognized in the period that compensation is reported for the employee, which is when contributions are legally
due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms.
Investments are reported at fair value.
Fund Equity
In the fund financial statements, governmental funds report fund balance classifications that comprise a
hierarchy based primarily on the specific purposes for which amounts in those funds can be spent. In the fiscal
year ended September 30, 2009, the City adopted the Governmental Accounting Standards Board Statement
(GASBS) number 54, “Fund Balance Reporting and Governmental Fund Type Definitions.” GASBS 54 provides
for and the City uses the following classifications:
Amount Due Amount Due
Beginning Total Ending Within One Greater than
Activity Type:Balance Earned Paid Balance Year One Year
Governmental $2,822,263 $377,576 ($213,645) $2,986,194 $225,927 $2,760,267
Business-type 637,362 160,904 (48,248) 750,018 56,744 693,274
Total $3,459,625 $538,480 ($261,893) $3,736,212 $282,671 $3,453,541
45
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Nonspendable Fund Balance includes amounts that cannot be spent because they are not in spendable form.
The “not in spendable form” criterion includes items that are not expected to be converted to cash, for example,
inventories and prepaid amounts. It also includes the long-term amount of loans receivable as well as property
acquired for resale.
Restricted Fund Balance is reported when constraints placed on the use of resources are either (a) externally
imposed by creditors, grantors, contributors, or laws or regulations of other governments; or (b) imposed by law
through constitutional provisions or enabling legislation.
Committed Fund Balance includes amounts that can only be used for specific purposes pursuant to limitations
imposed by the government’s highest level of decision-making authority. The City Council is the highest level of
decision making-authority for the government that can, by approval of a resolution prior to the end of the fiscal
year, commit fund balance. Once adopted, the limitation imposed by the resolution remains in place until a
similar action is taken (the approval of another resolution) to remove or revise the limitation.
Assigned Fund Balance includes amounts that are constrained by the government’s intent to be used for specific
purposes, but are neither restricted nor committed. The governing body, the City Council, has authorized the
Assistant City Manager, through the budget ordinance, to assign fund balance. Assignments, unlike
commitments are not permanent and a formal action is not required for the removal of an assignment. Finally,
assignments may not result in a deficit in Unassigned Fund Balance in the General Fund.
Unassigned Fund Balance is the residual classification for the General Fund. This classification represents fund
balance that has not been assigned to other funds nor been restricted, committed, or assigned to specific
purposes within the General Fund. In other governmental funds, if expenditures incurred for specific purposes
exceeded the amounts restricted, committed, or assigned to those purposes, it may be necessary to report a
negative unassigned fund balance.
When fund balances are available for use and the usage requirements met, the City reduces the committed
amounts first, followed by the assigned amounts and then the unassigned amount lastly. When both restricted
and unrestricted resources are available for use, it is the City's policy to use restricted resources first, and then
unrestricted resources as they are needed.
E.Budgetary Control
The City follows these procedures in establishing budgetary data:
1.Prior to September 1, City Manager submits to City Council a proposed operating budget for the upcoming fiscal
year beginning October 1. The operating budget includes proposed expenditures and the means for financing
them.
2.All budget requests are compiled by the Office of Budget & Financial Reporting and then presented with
comparative and supporting data to the Mayor and City Council for review.
3.Public hearings are properly advertised and conducted at City Hall for taxpayer comments.
4.Prior to September 27, the budget is legally enacted through passage of an ordinance.
5.The City Council must approve all transfers of budgeted amounts between departments within any fund and any
revision that alters the total expenditures of any fund. An amount is also budgeted each year for contingencies
which may arise. The Council has authorized the City Manager to make budget transfers for contingencies if
the amount does not exceed $50,000. All other transfers must be approved by City Council. Departments may
transfer amounts among individual budget line items within major expenditure categories during the year, but no
such transfer may increase the overall total budget without Council approval. Budgeted amounts as originally
adopted were not significantly changed by such transfers during the year.
6.In accordance with the City Charter, the budget may be amended after the following conditions are met: (a) The
City Manager certifies that there are available revenues in excess of those estimated in the budget. (b) The
46
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
City Council holds a public hearing on the supplemental appropriation. (c) The City Council approves the
supplemental appropriation. Management may not amend the budget without seeking the approval of the City
Council.
F.Budget Basis of Accounting
The City prepares its annual budget on a basis (budget basis) which differs from a GAAP basis. The budget
and all transactions are presented in accordance with the City’s method (budget basis) in the Schedule of
Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual - General Fund to provide a
meaningful comparison of actual results with the budget. The differences between budget and GAAP basis in
the General Fund are that reimbursements and transfers of indirect costs are shown as Reimbursed
Administration and interfund loan transactions are treated as transfers for budget basis. Consistent with the
purchases method, assets held for resale are treated as expenditures for budget purposes.
II. Minimum Fund Balance/Operating Reserve Policies
The unobligated (unassigned) fund balance in the General Fund should be at least 15% of the annual budgeted
General Fund expenditures. This percentage is the equivalent of 55 days expenditure. An additional amount of
3.0% should be maintained for extraordinary items or contingencies. Cash and investments alone should be
equivalent to 30 days operating expenditures.
The working capital (current assets less current liabilities) in the enterprise funds should be maintained at 15%
of total operating expenses or the equivalent of 55 days. Cash and Investments alone should be equivalent to
30 days of operations.
III.Stewardship, Compliance, and Accountability
A.Budgetary Information
The Council approved two budget amendments during fiscal year 2015. These two budget amendments
included the following appropriations:
Encumbrance Roll $3,008,450 City Gateway project 150,000
TAMU Game Day Traffic Control Rental/Purchase 295,000 Drainage Boom Mower 66,000
PD & Administrative Office Space 41,000 MDT Replacement 99,553
Fire Department Hazardous Materials Vehicle 691,000 Annual Imagery Updates 116,000
Well Field Fence and Gate Improvements 69,200 Electric Substation Transformer 1,150,000
Property & Casualty Fund Defense Costs 1,367,463 Mobile Computing Infrastructure 96,500
Debt Service Fund debt service 100,000 Fleet Maintenance Fund budget adjust 20,000
$7,270,166
1.Budget appropriations are adopted at the fund level for all funds except the General Fund. In the General Fund,
budget appropriations are adopted at the department level. Expenditures in excess of appropriations for each
fund are prohibited by the City Charter. Appropriations lapse at the end of the budget year if they have not been
expended or lawfully encumbered.
2.Formal budgetary integration is legally enacted and employed as a management control device during the year
for all funds.
3.Encumbrance accounting is employed in governmental funds. Encumbrances (e.g., purchase orders, contracts)
outstanding at year end are reported as assignments of fund balances and do not constitute expenditures or
liabilities.
47
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
B.Excess of Expenditures over Appropriations
The amounts of any excesses of expenditures over appropriations during fiscal year 2015 and the funds in which
they occurred are as follows:
Fund Amount
General Government Projects $ 1,410,147
IV.Detailed Notes on All Funds
A.Cash and Investments
Cash and investments are accounted for within the pooled cash fund of the City. The City records investments
at fair value in accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain
Investments and for External Investment Pools.
Cash and cash equivalents, investment balances and interest income are allocated to the City’s participating
funds on a monthly basis. The amount of the allocation is based on each fund's proportional equity to total
pooled equity.
Weighted Average
Fair Value Maturity (days)
Bank Demand Accounts $ 74,164,958 1
US Agency 6,012,420 544
Money Market Accounts 50,794,279 1
Certificates of Deposits 9,030,657 467
Texas Local Government Investment Pool 26,010,245 1
$166,012,559
Portfolio Weighted Average Maturity 46
Interest rate risk: In accordance with the City's Investment Policy, interest rate risk is managed by limiting the
weighted average maturity of the investment portfolio to two years (approximately 720 days) or less and by
limiting the maximum maturity of any security purchased to five years or less.
Credit risk: Investments authorized by the City’s policy are those approved by the revised State of Texas Public
Funds Investment Act of 1997 and 2011 and the Texas Public Collateral Act of 1989. These investments include
the following:
1.Direct obligations of the United States government: U.S. Treasury Bills, U.S. Treasury Notes, and U.S.
Treasury Bonds as well as Bonds or other interest bearing obligations for which the principal and interest
are guaranteed by the full faith and credit of the United States government and rated not less than A or its
equivalent by at least one nationally recognized investment rating firm.
2.Federal Agencies and Instrumentalities including but not limited to, discount notes, callables and debentures
of the Federal National Mortgage Association (FNMA), the Federal Home Loan Bank (FHLB), the Federal
Farm Credit Bank (FFCB), and the Federal Home Loan Mortgage Corporation (FHLMC).
3.Time Certificates of Deposit, insured by the Federal Deposit Insurance Corporation (FDIC) or its successor,
or the National Credit Union Share Insurance Fund or its successor, in state or national banks. Any deposits
exceeding FDIC insurance limits shall be collateralized at 102% of the face amount of the Certificate of
Deposit by securities listed in 1 - 2 above and held by the City's custodial bank or the custodial bank of the
institution the CD’s are held. Bids for Certificates of Deposit may be solicited orally, in writing, electronically
or using any combination of these methods.
4.Repurchase Agreements with a defined termination date of 90 days or less collateralized by a combination
of cash and securities listed in 1 - 2 above. Collateral must have a minimum market value of 102% of the
repurchase agreement, and must be held by the custodian bank or other independent third-party custodian
contracted by the City. Bond proceeds may be invested in flexible repurchase agreements with maturity
48
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
dates not exceeding the expected final project expenditure if a formal bidding process is followed and
properly documented for IRS purposes.
5.Commercial Paper maturing within 180 days carrying a minimum rating not less than A-1 or P-1 or equivalent
by two nationally recognized rating agencies, or; rated not less than A-1 or P-1 equivalent by one nationally
recognized rating agency plus secured by an irrevocable letter of credit issued by a domestic bank.
6.AAA rated Money Market Mutual Funds registered with the Securities and Exchange Commission that invest
exclusively in investments described in this section.
7.AAA-rated Investment Pools organized under the Texas Interlocal Cooperation Act that follow the
requirements in the Public Funds Investment Act and which have been specifically approved by the City.
The City is a voluntary participant in two external investment pools, Texpool and TexSTAR. The pools are
2a7-like pools, which are not registered with the Securities and Exchange Commission (SEC) as an
investment company, but have a policy that it will, and does, operate in a manner consistent with the SEC’s
Rule 2a7 of the Investment Company Act of 1940. This type of pool uses amortized investment costs rather
than market values to compute participant share values. Furthermore, the pools in which the City
participates seek to maintain a stable $1 net asset value per share of unit. Accordingly, the fair value of the
City’s position in these pools is substantially the same as the market value of the shares in each of the pools.
As of September 30, 2015, the City’s investments in Texpool and TexSTAR were rated by Standard & Poor's
as AAAm.
Credit concentration: With the exception of U.S. Treasury securities and authorized pools, the City's
Investment Policy limits the investment in a single security type or with a single financial institution to 30%.
It also limits the overall investment in Federal Agency securities to 70% and Certificates of Deposit to 30%.
As of September 30, 2015, the issuers whose securities represented more than 5% of the City's investment
portfolio were as follows: American Momentum Bank (9%) and Branch Banking and Trust Company (19%).
Custodian credit risk – deposits: In the case of deposits, this is the risk that in the event of a bank failure,
the government's deposits may not be returned to it. The City of College Station's City Council has approved
a depository services contract which governs its depository relationship. This contract requires that deposits
not covered by depository insurance be collateralized at 105%. The City’s depository bank collateralizes the
city’s funds at 110%.
Custodian credit risk – investments: For an investment, this is the risk that, in the event of the failure of the
counterparty, the government will not be able to recover the value of its investments or collateral securities
that are in the possession of an outside party. The City's investment portfolio requires that all security
transactions be conducted on a Delivery-vs.-Payment basis and that all securities be held by a third party
custodian and evidenced by safekeeping receipts.
49
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
B.Receivables
Receivables as of year-end for the City's individual major funds, non-major and internal service funds in the
aggregate, including the applicable allowances for uncollectible accounts, are as follows:
Loans Receivable in the non-major governmental funds are made up of the following: a $500,000, 40-year loan
of HOME Investment Partnership (HOME) funds for Santour Court, an affordable, single-family residential
development; $715,263 in HOME down-payment assistance loans for eligible HOME participants whose loans
are made with Federal funds from the Department of Housing and Urban Development (HUD); two Community
Development Housing Reconstruction Program Lien Notes held by the City which total to $234,352. Loans
Receivable in the non-major business-type funds represent BVSWMA, Inc.’s obligation to reimburse 2009
College Station Certificate of Obligation debt issued and used to construct the Twin Oaks Landfill. The annual
principal and interest receivable amounts are as follows:
Due from Related Party
Year Ended September 30, Principal Interest
2016 $ 250,000 $ 156,560
2017-2020 900,000 548,529
2021-2025 1,365,000 462,767
2026-2030 1,345,000 125,573
$3,860,000 $1,293,429
Debt Street Internal
Governmental activities:General Service Projects Nonmajor Service Fund Total
Taxes:
Property 554,073$ 533,207$ -$ -$ -$ 1,087,280$
Beverage 130,913 - - - - 130,913
Sales 2,086,401 - - - - 2,086,401
Subtotal taxes 2,771,387 533,207 - - - 3,304,594
Grants 736,317 736,317
Charges for services 983,397 - 345,997 294,735 115,630 1,739,759
Loans - - - 1,449,615 - 1,449,615
Miscellaneous 65,104 - - - - 65,104
Total gross governmental 3,819,888 533,207 345,997 2,480,667 115,630 7,295,389
Less allowance for
uncollectible accounts (14,196) - - (25,627) (41,858) (81,681)
Net total receivables 3,805,692$ 533,207$ 345,997$ 2,455,040$ 73,772$ 7,213,708$
Internal
Business-type activities:Electric Water Wastewater Nonmajor Service Fund Total
Charges for services 15,611,861$ 2,652,163$ 2,030,457$ 1,277,896$ -$ 21,572,377$
Less allowance for
uncollectible accounts (1,569,617) (82,822) (167,681) (94,723) - (1,914,843)
Net total receivables 14,042,244$ 2,569,341$ 1,862,776$ 1,183,173$ -$ 19,657,534$
50
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
C.Capital Assets
Capital asset activity for the year ended September 30, 2015 was as follows:
51
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Depreciation expense for fiscal year 2015 was charged as follows:
Police $139,681
Fire 263,199
Public Works 9,340,487
Parks and Recreation 1,435,299
Library 75,252
Planning and Development Services 8,014
Information Technology 388,020
Fiscal Services 52,534
General Government 267,308
Non-departmental 1,238,673
Capital Assets held by Internal Service Fund 2,070,059
Governmental Activities Depreciation Expense $15,278,526
Electric $6,086,048
Water 5,339,673
Wasterwater 5,008,103
Sanitation 861,009
Northgate Parking 250,006
Business-Type Depreciation Expense $17,544,839
D.Interfund Transactions
Transfers between funds during the year were as follows:
Transfers are used to (1) move revenues from the funds with collection authorization to the debt service fund as
debt service principal and interest payments become due, (2) move revenues from enterprise funds to the
general fund to record the utility transfer in lieu of franchise fees, (3) move revenues from enterprise funds to the
general fund for economic development activity, (4) move unrestricted general fund revenues to finance various
programs that the government must account for in other funds in accordance with budgetary authorizations.
E. Operating Leases
The city acquired property on University Drive known as the Chimney Hill Property in fiscal year 2009 with
the intention to build a convention center on the property. Hotel tax funds were used to finance $7,000,000 of
the purchase, with the remainder of the purchase price coming from Certificate of Obligation, Series 2009. The
purchase price was allocated between the land, $6,555,190, and an existing building on the property,
$3,084,795. In October 2014 the City sold the property on University Drive known as the Chimney Hill property
for $7,500,000. The proceeds from the sale, along with the revenue received from rent, net of expenses from
the property from date of purchase through October 2014 were placed in the Hotel Tax Fund. At the time of the
sale, the building carried a net value of $2,699,196 and $385,599 in accumulated depreciation.
Transfers In Transfers Out
Governmental
Activities, net
Business-type
Activities, net
Governmental Activities:
General Fund 15,094,866$ (11,441,262)$ 3,653,604$ -$
Debt Service Fund 262,795 - 262,795 -
Streets Projects 1,739,457 (550,974) 1,188,483 -
Other Nonmajor Governmental Funds 10,755,812 (2,823,486) 7,932,326 -
Business-type Activities:
Enterprise Funds:
Electric 738,495 (7,402,305) - (6,663,810)
Water 1,196 (2,814,769) - (2,813,573)
Wastewater 773 (2,556,113) - (2,555,340)
Other Nonmajor Enterprise Funds 218,401 (1,222,886) - (1,004,485)
28,811,795$ (28,811,795)$ 13,037,208$ (13,037,208)$
52
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
F.Deferred Outflows/Inflows of Resources – Other than Pensions
In addition to assets, the statement of financial position and/or balance sheet will sometimes report a separate
section for deferred outflows of resources. This separate financial statement element, deferred outflows of
resources, represents a consumption of net position that applies to a future period(s) and so will not be
recognized as an outflow of resources (expense/expenditure) until then. For the period ended September 30,
2015, the City reported $1,502,183 in charges on debt refunding as deferred outflow of resources. These
charges are reported on the government wide Statement of Net Position and will be amortized over the life of
the refunding debt.
In addition to liabilities, the statement of financial position and/or balance sheet will sometimes report a separate
section for deferred inflows of resources. This separate financial statement element, deferred inflows of
resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized
as an inflow of resources (revenue) until that time. The City has one item which arises only under a modified
accrual basis of accounting, which qualifies for reporting in this category. Accordingly the item, unavailable
revenue, is reported only in the governmental funds balance sheet.
The governmental funds report unavailable revenues from the following sources:
These amounts are deferred and recognized as an inflow of resources in the period that the amounts become
available.
Governmental funds report unearned revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. As of fiscal year end, the unearned revenue
reported in the governmental funds related to emergency services was $633,034.
G.Prior Period Adjustment
The Governmental Project for Veteran’s Park, was completed in FY15 but was not posted to construction in
progress in the General Fixed Assets Fund. A portion of the expenditures should have been recognized in FY14.
A prior period adjustment was made to reflect the expenditures and the related depreciation expense that should
have been recorded in fiscal year 2014. The prior period adjustment increased net position by $3,704,448.
An error was discovered in the calculation of depreciation for Sanitation Vehicles, the vehicles were depreciated
at 10 years instead of 5 years. A prior period adjustment was made to reflect the correct depreciation in prior
years, which decreased net position by $389,360.
The GASB has issued Statement No. 68 “Accounting and Financial Reporting for Pensions” which became
effective for fiscal year 2015. This statement changes the focus of pension accounting for employers from
whether they are responsibly funding their plan over time to a point-in-time liability that is reflected in the
employer’s financial statements for any actuarially unfunded portion of pension benefits earned to date. The
GASB has also issued Statement No. 71 “Pension Transition for Contributions Made Subsequent to the
Measurement Date” which became effective for fiscal year 2015. This statement relates to amounts associated
with contributions made by a local government employer to a defined benefit pension plan after the measurement
date of the government’s beginning net pension liability.
Unavailable Unearned Total
Property Tax $1,087,280 -$1,087,280
Loans Receivable 211,738 -211,738
Other - Cemetery Plot Loans Receivable 19,142 -19,142
Other - Street Funds 345,997 -345,997
Other - General Fund 633,034 -633,034
$2,297,191 -$ $2,297,191
53
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
The implementation of Statement No. 68 and Statement No. 71 resulted in the restatement of beginning net
position for the elimination of the previously reported net pension obligation, the recording of the beginning net
pension liability and the beginning deferred outflow for contributions made after the measurement date. The
prior period adjustment decreased net position by $9,899,908.
H.Long-Term Debt
A summary of long-term debt transactions, including current portion, for the year ended September 30, 2015
follows:
Due to implementation of GASB No. 63 and 65, deferred loss from refunding transactions have been reclassified
from a liability to a deferred outflow of resources and is no longer presented in the long-term debt table presented
above.
Internal service funds predominantly serve the governmental funds. All internal service funds, except for the
utility customer service fund, are included as part of the above totals for governmental activities.
Amounts
Beginning Incurred/Matured/ Ending Due Within
Balance Issued Retired Balance One Year
Governmental activities:
General obligation bonds 89,050,000$ -$ 7,195,000$ 81,855,000$ 7,145,000$
Certificates of obligation 21,805,000 -1,915,000 19,890,000 1,515,000
Premium/discount 5,418,887 -493,971 4,924,916 493,973
Governmental activity
Long term debt 116,273,887 -9,603,971 106,669,916 9,153,973
Business type activities:
General obligation bonds 49,900,000 -5,230,000 44,670,000 5,957,900
Certificates of obligation 91,310,000 -4,005,000 87,305,000 4,100,000
Utility revenue bonds 14,920,000 -1,525,000 13,395,000 825,000
Premium/discount 9,400,904 -794,474 8,606,430 794,474
Business type activity
Long term debt 165,530,904$ -$ 11,554,474$ 153,976,430$ 11,677,374$
54
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Long-term debt at September 30, 2015 includes the following individual issues (not including unamortized
premiums or discounts):
Interest Issue Maturi ty Original Net
Rate (%)Date Date Issue Retirement Outstanding
General Obligation Bonds:
2006 Issue 4.375-6.375 7/1/06 2/15/26 7,375,000$ 7,375,000$ -$
2006 Issue - Refunding 4.00-5.00 12/1/06 2/15/18 10,255,000 6,765,000 3,490,000
2007 Issue 4.25-6.25 9/1/07 2/15/27 3,930,000 1,870,000 2,060,000
2008 Issue 4.0 - 5.0 9/1/08 2/15/28 9,455,000 3,115,000 6,340,000
2009 Issue 3.5 - 4.0 7/15/09 2/15/21 3,335,000 680,000 2,655,000
2009 Issue - Refunding 2.00-4.00 11/15/09 2/15/20 4,265,000 2,595,000 1,670,000
2010 Issue 2.00-3.50 8/15/10 2/15/30 19,635,000 3,740,000 15,895,000
2010 Issue - Refunding 3.0-5.0% 11/15/10 2/15/22 11,245,000 4,205,000 7,040,000
2011 Issue .25-1.6% 9/15/11 2/15/18 1,960,000 1,315,000 645,000
2012 Issue & Refunding 2.0-5.0% 6/1/12 2/15/32 11,515,000 2,505,000 9,010,000
2013 Issue & Refunding 2.0-5.0% 8/15/13 2/15/33 14,505,000 1,995,000 12,510,000
2014 Issue & Refunding 2.0-5.0% 9/1/14 2/15/34 21,230,000 690,000 20,540,000
118,705,000 36,850,000 81,855,000
General Obligation Bonds - Business-type Activities:
2009 Issue - Refunding 2.00-4.00 11/15/09 2/15/20 3,830,000 2,335,000 1,495,000
2010 Issue - Refunding 3.0-5.0% 11/15/10 2/15/22 25,905,000 8,510,000 17,395,000
2012 Issue & Refunding 2.0-5.0% 6/1/12 2/15/32 9,570,000 2,810,000 6,760,000
2013 Issue & Refunding 2.0-5.0% 8/15/13 2/15/33 6,255,000 680,000 5,575,000
2014 Issue & Refunding 2.0-5.0% 9/1/14 2/15/34 14,635,000 1,190,000 13,445,000
60,195,000 15,525,000 44,670,000
Total General Obligation Bonds 178,900,000 52,375,000 126,525,000
Certificates of Obligation - Governmental Activities:
2006 Issue 4.375-6.375 7/1/06 2/15/26 8,325,000 8,325,000 -
2007 Issue 4.25-6.25 9/1/07 2/15/27 3,960,000 1,885,000 2,075,000
2008 Issue 3.25 - 5.0 9/1/08 2/15/28 22,855,000 15,870,000 6,985,000
2009 Issue 3.00-5.00 7/15/09 2/15/29 5,880,000 5,160,000 720,000
2010 Issue 2.00-3.50 8/15/10 2/15/30 1,050,000 885,000 165,000
2014 Issue 2.0-5.0% 9/1/14 2/15/34 10,665,000 720,000 9,945,000
52,735,000 32,845,000 19,890,000
55
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
The annual requirements to amortize debt outstanding as of September 30, 2015 are as follows:
Certificates of Obligation - Business-type Activities:
2008 Issue 3.25 - 5.0 9/1/08 2/15/28 15,925,000 3,940,000 11,985,000
2009 Issue 3.00-5.00 7/15/09 2/15/29 30,580,000 11,135,000 19,445,000
2010 Issue 2.00-3.50 8/15/10 2/15/30 2,850,000 500,000 2,350,000
2011 Issue 2.00-3.60 9/15/11 2/15/31 7,920,000 1,100,000 6,820,000
2012 Issue 2.0-5.0% 6/1/12 2/15/32 16,415,000 1,725,000 14,690,000
2013 Issue 2.0-5.0% 8/15/13 2/15/33 10,230,000 730,000 9,500,000
2014 Issue 2.0-5.0% 9/1/14 2/15/34 23,340,000 825,000 22,515,000
107,260,000 19,955,000 87,305,000
Total Certificates of Obligation 159,995,000 52,800,000 107,195,000
Utility Revenue Bonds:
2006 Issue 4.375-6.375 7/1/06 2/1/26 16,950,000 16,950,000 -
2007 Issue 4.00-5.75 9/1/07 2/1/27 18,665,000 5,270,000 13,395,000
35,615,000$ 22,220,000$ 13,395,000
Total Outstanding Bonds 247,115,000$
General Obligation Certificates of Obligation
Year Ended
September 30,Principal Interest Principal Interest
2016 7,452,100$ 3,159,601$ 1,515,000$ 847,891$
2017 7,360,000 2,892,721 1,430,000 794,925
2018 6,645,000 2,619,331 1,370,000 737,781
2019 5,855,000 2,356,546 1,445,000 673,399
2020 6,135,000 2,097,772 1,450,000 612,702
2021-2025 25,390,000 7,255,893 7,605,000 2,060,743
2026-2030 17,755,000 2,606,166 3,865,000 640,844
2031-2034 5,570,000 375,681 1,210,000 124,750
82,162,100$ 23,363,711$ 19,890,000$ 6,493,035$
General Obligation Certificates of Obligation Utility Revenue
Year Ended
September 30,Principal Interest Principal Interest Principal Interest
2016 5,957,900$ 1,814,200$ 4,100,000$ 3,492,099$ 825,000$ 569,790$
2017 6,280,000 1,568,699 3,985,000 3,361,180 865,000 535,558
2018 5,535,000 1,311,013 4,180,000 3,217,311 915,000 498,610
2019 5,025,000 1,070,550 4,385,000 3,054,861 965,000 458,648
2020 5,285,000 844,200 4,575,000 2,887,806 1,015,000 416,077
2021-2025 15,065,000 1,709,300 26,240,000 11,537,127 5,955,002 1,338,214
2026-2030 1,215,000 30,375 28,345,000 5,543,940 2,855,000 130,162
2031-2034 - - 11,495,000 944,405 - -
44,362,900$ 8,348,337$ 87,305,000$ 34,038,729$ 13,395,002$ 3,947,059$
Business-Type Activities
Governmental Activities
56
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
The City intends to retire all of its general long-term liabilities, plus interest, from ad valorem taxes. Proprietary
fund type long-term debt issued for Northgate Parking Garage, Electric, Water and Wastewater projects will be
repaid, plus interest, from the operating revenues of their respective funds.
General Obligation Bonds and Certificates of Obligation
The City issues General Obligation Bonds and Certificates of Obligation to provide funds for the acquisition and
construction of major capital facilities. These types of bonds have been issued by the City for both governmental
activities as well as business-type activities. These bonds are reported in the proprietary funds if they are
expected to be repaid from proprietary fund revenue.
General Obligation Bonds are direct obligations, for which the City has pledged the full faith and credit of the
City. These bonds generally are issued as 20-year serial bonds with varying amounts of principal maturing each
year.
The City is required by bond covenants to create from ad valorem tax revenues a sinking fund sufficient to pay
the current interest and principal installments as they become due. In addition to the sinking fund, there are a
number of limitations and restrictions contained in the various general obligation bonds and certificate
indentures. The City is in compliance with the significant limitations and restrictions at September 30, 2015.
In 2009, the City issued $31,315,000 in Certificates of Obligation. $2,600,000 of the proceeds was used to
purchase land for a convention center site. Council no longer intends to build a convention center, therefore,
causing a change in use to the property. In order to maintain the tax exempt status of the 2009 Certificates of
Obligation, Council approved to defease the convention center bonds on November 21, 2011.
On December 1, 2011 the bonds were defeased. $2,728,149 was placed in an escrow account with Bank of
New York to cover the principal and interest amount of the bonds until their call date of February 15, 2019. Also,
in 2009, the City issued $5,145,000 in Certificates of Obligation to pay for a portion of the construction of a new
municipal landfill. BVSWMA, Inc. has pledged to repay the $5,145,000 plus interest to the City of College Station.
As of September 30, 2015 BVSWMA, Inc. owed the City $3,860,000.
Revenue Bonds
Utility system revenue bonds are secured by the net revenues of the Electric, Water, and Wastewater Funds as
defined in the respective bond indentures. The City pledges income derived from the acquired or constructed
assets to pay the debt service. In addition, the City is required to maintain debt service funds and bond reserve
funds for all outstanding revenue bonds. Amounts in the reserve fund are to be used to pay principal and interest
on outstanding bonds at any time sufficient funds are not available in the bond interest and redemption fund.
The bond indentures require that the City accumulate reserves of an amount equal to the average annual
principal and interest requirements of all outstanding bonds secured by the net revenues of the system.
Arbitrage Compliance
Arbitrage provisions of the Internal Revenue Tax Act of 1986 require the City to rebate to the federal government
excess arbitrage earnings from bond proceeds. As of September 30, 2015, the City did not have an arbitrage
rebate liability.
Defeasance
In prior years, the City issued refunding bonds to defease certain outstanding bonds for the purpose of
consolidation and to achieve debt service savings. The City has placed the proceeds from the refunding issues
in irrevocable escrow accounts with a trust agent to ensure payment of debt service on the refunded bonds.
Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the City’s financial
statements. Although defeased, the refunded debt from these earlier issues will not be retired until the call dates
have come due or until maturity if they are not callable issues. On September 30, 2015, the City’s escrow
balance for bonds defeased on December 1, 2011 was $2,018,838. The defeased bonds are not callable until
February 15, 2019.
57
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
I.Components of Fund Balance
Fund balances for governmental funds at September 30, 2015 are as follows:
General Debt Service Street Projects Other Total
Fund Balances:
Nonspendable:
Assets Held for Resale -$ -$ -$ 6,244,189$ 6,244,189$
Inventories 49,509 - - - 49,509
Prepaids 14,170 - - - 14,170
Restricted for:
Community and Neighborhood Parks - - - 4,677,553 4,677,553
Community Development - - - 1,928,499 1,928,499
Court Security Fee - - - 23,930 23,930
Court Technology Fee - - - 443,826 443,826
Debt Service - 2,814,048 - 2,814,048
Drainage - -- -
General Government Capital Projects - -19,681,609 5,849,007 25,530,616
Hotel Occupancy Tax - -- 8,663,166 8,663,166
Juvenile Case Manager - -- 262,526 262,526
Parks and Recreation Capital Projects - -- 8,218,662 8,218,662
Police Seizure - -- 76,042 76,042
Wolf Pen Creek TIF - -- 1,258,814 1,258,814
Truancy Prevention - -- 22,005 22,005
West Medical District TIRZ No. 18 - -- 267,285 267,285
East Medical District TIRZ No. 19 - -- 2,044 2,044
PEG Access Channel - -- 385,976 385,976
Meyer Estate Gift - -- 564,912 564,912
Committed to:
Texas Avenue Cemetery Endowment - - - 1,851,345 1,851,345
Memorial Cemetery - - - 1,544,978 1,544,978
Memorial Cemetery Endowment - - - 879,670 879,670
Drainage Infrastructure Improvements 3,101,638 3,101,638
Parks Infrastructure Improvements 7,415,241 7,415,241
Assigned:
Other Purposes 2,433,744 - - - 2,433,744
Assigned to:
Crime Prevention - - - - -
Economic Development - - - -
Efficiency Time Payment Fee - - - -
Parks Xtra Education - - - -
Unassigned:19,925,641 - - - 19,925,641
22,423,064$ 2,814,048$ 19,681,609$ 53,681,308$ 98,600,029$
58
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
V.Other Information
A.Property Taxes
Property tax is levied each October 1 on the assessed (appraised) value listed as of the prior January 1 for all
real and business personal property located in the City. Taxable assessed value represents the appraisal value
less applicable exemptions authorized by the City Council.
Taxes are due October 1 and are delinquent after the following January 31. Tax liens are automatic and become
enforceable as of January 1 of each year. Taxes become delinquent February 1 and are subject to interest and
penalty charges. The tax rate to finance general governmental services including debt service was 45.2500
cents per $100 of assessed valuation for the year ended September 30, 2015. Under current state statutes, the
City's ability to increase the levy for property taxation is subject to a maximum rate of $2.50 per $100 valuation.
The Brazos County Appraisal District ("Appraisal District") is responsible for the recording and appraisal of
property for all taxing units in Brazos County. The Appraisal District is required to assess property at 100 percent
of its appraised value. Real property must be reappraised at least every three years. The City may, at its own
expense, require annual reviews by the Appraisal District through various appeals and, if necessary, legal action.
Under this system, if the rate, excluding tax rates for bonds and other contractual obligations adjusted for new
improvements, exceeds the rate for the previous year by more than eight (8) percent, qualified voters of the City
may petition for an election to determine whether to limit the tax rate to no more than eight (8) percent above the
tax rate of the previous year.
Brazos County bills and collects the property taxes for the City.
B. Risk Management
A government entity such as the City of College Station faces many risks. These risks generally can be divided
into four loss categories: direct property loss, indirect property loss, liability loss, and personnel losses. The City
employs a combination of risk management strategies to provide acceptable levels of protection from these
exposures.
The City is self-insured for health benefits, and the plan is administered by Blue Cross Blue Shield of Texas.
This activity is accounted for in the Employee Benefits Fund, which is funded monthly from employee
contributions and City operating funds. Contributions are determined based on an analysis of prior year claims
and administrative costs and a forecast of future claims and administrative costs. The City’s stop loss insurance
policy limits the City’s liability to $165,000 per individual per year, with an aggregate attachment point for the last
12 months of $7,661,832. The liability for outstanding losses includes $1,336,795 for claims incurred but not
reported as of September 30, 2015.
In fiscal year 2015, City real and personal property and mobile equipment was insured by Affiliated FM, A.M.
Best rated A+, financial category XV. Affiliated FM premiums were funded by calculated contributions from the
City's operating funds. Affiliated FM provided claims handling for these coverage lines. The City carried a
property insurance policy deductible between $100,000 and $250,000 per occurrence, depending on type of
loss. Property insurance covered all direct losses and some indirect losses.
The City self-insures all liability coverage lines. Licensed adjusters in the City’s Risk Management Division
process Liability and Workers’ Compensation claims utilizing the services of Third Party Administrator
Abercrombie, Simmons & Gillette (AS&G). In the event of a simultaneous liability and Workers' Compensation
claim, only one SIR (self-insured retention) applies.
To further protect the City from catastrophic loss, the City carries excess liability coverage through Allied World
Insurance Company, A.M. Best rated A XV, and Colony Insurance Company, A.M. Best rated A XIII. Colony is
also the City’s excess Workers’ Compensation carrier. The self-insured retention ("SIR") for 2015 was $500,000
per claim.
Liabilities in the property and casualty fund and the Workers’ Compensation fund are reported to the carrier when
a covered loss can be reasonably estimated to approach one-half of the City’s Self-Insured Retention. Liabilities
include an amount for claims incurred but not reported. Based on the most recent actuarial study, the City has
59
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
recorded a potential liability of $342,312 in the property and casualty fund and a potential liability of $293,935 in
the Workers’ Compensation fund. The results of the process to estimate the claims liability is not exact, as it
depends on many complex factors, such as inflation, changes in legal doctrines, and damage awards.
Accordingly, claims are re-evaluated periodically to accommodate the effects of inflation, recent claim settlement
trends (including frequency and amount of pay-outs), and other economic and social factors. Settlements have
not exceeded self-insured retention in each of the past three fiscal years.
As a reimbursing employer, the City uses the Unemployment Fund to pay qualified claims filed under the Texas
Unemployment Compensation Act. Monthly contributions to fund this activity are based on a percentage of
payroll determined annually during the budget process.
The liabilities for insurance claims reported in each of the funds are based on Governmental Accounting
Standards Board Statement No. 10, which requires a liability for claims to be reported if information prior to the
issuance of the financial statements indicates it is probable a liability has been incurred at the date of the financial
statements and if the amount of the loss can be reasonably estimated.
These liabilities include an estimate for incurred but not reported claims. Changes in the balances of claims
liabilities for the self-insurance funds accounted for as Internal Service Funds for fiscal years 2015 and 2014 are
as follows:
C.Joint Venture
In 1990 the Brazos Valley Solid Waste Management Agency (“BVSWMA”) was formed under a joint solid waste
management agreement between the Cities of College Station and Bryan. College Station and Bryan agreed to
cooperatively operate a joint facility for the proper disposal of solid waste for the two cities and outside customers.
Each City reported 50% ownership in BVSWMA. The City of College Station served as landfill operator. This
basic structure is how BVSWMA operated until 2010.
In February 2010 the City Councils for the City of Bryan and the City of College Station approved Articles of
Incorporation for BVSWMA, Inc. a Local Government Corporation under the provisions of Subchapter D of
Chapter 431, Texas Transportation Code; and Chapter 394, Texas Local Government Code. In March 2010,
the City Councils of Bryan and College Station approved bylaws for BVSWMA, Inc., which establishes the power
to issue debt and to acquire land.
The powers of BVSWMA, Inc. are vested in a 7 member Board of Directors, with each City Council appointing 3
members and the 7th member to be selected by an approval process set forth in the Articles of Incorporation
and deemed to have been appointed by the Cities.
On September 13, 2010, Bryan City Council, College Station City Council and the BVSWMA, Inc. Board of
Directors formalized the creation of BVSWMA, Inc. and the dissolution of BVSWMA, effective October 1, 2010,
with the approval and execution of a (n):
•Borrowed Employee Agreement between the City of College Station and BVSWMA, Inc.;
•Asset Transfer and Debt Reimbursement Agreement between BVSWMA, Inc., the City of College Station and
the City of Bryan;
2015 2014
Unpaid Claims, October 1 $1,650,636 $1,641,547
Incurred Claims (including IBNR's)8,228,627 7,256,283
Claims Paid (7,906,221) (7,247,194)
Unpaid Claims, September 30 $1,973,042 $1,650,636
60
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
•Agreement between the City of College Station, the City of Bryan and BVSWMA, Inc. regarding the
Assignment and Assumption of Contracts and Payables;
•Final Settlement Agreement and Release related to the final settlement and dismissal of the certain lawsuit
referred to as City of Bryan, Texas v. City of College Station, Texas, Cause No. 08-001626-CV-272 in the
272nd District Court of Brazos County, Texas, ("the Lawsuit"); consider the Agreed Motion to Dismiss; and,
consider the Agreed Order of Dismissal.
Subsequent to the end of the fiscal year ended September 30, 2010, BVSWMA transferred all of its assets to
BVSWMA, Inc. College Station reports BVSWMA, Inc. as a joint venture with the City of Bryan and recognizes
50% ownership in BVSWMA, Inc. in the City’s financial statements.
Per GASB 14, a Joint Venture (JV) is a legal entity or other organization that results from a contractual
arrangement and that is owned, operated, or governed by two or more participants as a separate and specific
activity subject to joint control, in which the participants retain (a) an ongoing financial interest or (b) an ongoing
financial responsibility. Joint control means that no single participant has the ability to unilaterally control the
financial or operating policies of the Joint Venture.
An ongoing financial interest includes an equity interest, as defined in paragraph 72, and any other arrangement
that causes a participating government to have access to the Joint Venture’s resources. An equity interest in a
Joint Venture is manifest in the ownership of shares of Joint Venture stock or by otherwise having an explicit,
measurable right to the net resources of a Joint Venture that is usually based on an investment of financial or
capital resources by a participating government. An equity interest is explicit and measurable if the Joint Venture
agreement stipulates that the participants have a present or future claim to the net resources of the Joint Venture
and sets forth the method to determine the participants’ shares of the Joint Venture’s net resources. Per the
BVSWMA, Inc. by-laws, paragraph 8.05, Section 431.107 of the Texas Transportation Corporation Act entitles
the Cities, at all times, to have the right to equally receive the income earned by the corporation. Also, per
BVSWMA, Inc.’s by-laws, paragraph 4.03a, the corporation, with the approval of the Cities, is authorized to issue
short-term debt; however, the Cities shall be given the first opportunity to provide these funds before the Board
incurs debt. This would result in the City of College Station providing an investment of financial resources to
BVSWMA, Inc.
An ongoing financial responsibility for a Joint Venture occurs if a participating government is obligated in some
manner for the debts (see paragraph 33 of GASB 14) of the Joint Venture, or if the Joint Venture’s continued
existence depends on the continued funding by the government. Per paragraph 33 of GASB 14 – A primary
government is obligated in some manner for the debt of an organization if it is legally obligated to assume all or
part of the debt in the event of default.
Per Article XIV, paragraph 14.03, of the Articles of Incorporation of BVSWMA, Inc., upon dissolution of the
corporation:
A. the assets of the Corporation shall be distributed equally between the Cities; and
B. any remaining liabilities of the corporation shall be shared equally between the Cities.
State and federal laws and regulations required BVSWMA, Inc. to place a final cover on its Rock Prairie landfill
site when it stopped accepting waste and to perform certain maintenance and monitoring functions at the site
for thirty years after closure. The Rock Prairie Road landfill stopped accepting waste in July 2011, and the Twin
Oaks Landfill in Grimes County began accepting waste. During the fiscal year ending September 30, 2013, the
installation of the remaining final cover at the Rock Prairie Road Landfill (+/- 40 acres) was completed. Although
closure and post closure care costs will be paid only near or after the date that the landfill stopped accepting
waste, BVSWMA, Inc. reports a portion of these closure and post closure care costs as an operating expense in
each period based on landfill capacity used as of each balance sheet date. Actual cost may be higher due to
inflation, changes in technology, or changes in regulations.
The following is a summary of information from the audited financial statements of BVSWMA, Inc. as of
September 30, 2015:
61
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
2015 2014
Current assets and other assets $14,233,143 $12,668,931
Capital Assets 26,637,834 26,362,273
Total assets 40,870,977 39,031,204
Current liabilities 1,613,893 898,617
Noncurrent liabilities 12,079,468 12,313,614
Total liabilities 13,693,361 13,212,231
Net investment in capital assets 18,627,834 17,892,273
Unrestricted 8,549,782 7,926,700
Total net position $27,177,616 $25,818,973
Revenues
Landfill charges $ 7,932,876 $ 7,275,397
Compost facility revenue 298,033 340,070
Miscellaneous revenue 35,307 34,397
Total revenues 8,266.216 7,649,864
Operating expenses (6,686,814) (6,721,679)
Interest expense (338,441) (353,784)
Other non operating revenues (expenses) 117,682 8,331
Change in net position 1,358,643 582,732
Net position, beginning of year 25,818,973 25,236,241
Net position, end of year $27,177,616 $25,818,973
The City’s share of BVSWMA, Inc.’s net assets for fiscal year 2015 was $13,588,808. A copy of BVSWMA, Inc.’s
financial statements may be obtained from the City’s Fiscal Services Department.
D.Pension Plan
Plan Description
The City of College Station participates as one of 860 plans in the nontraditional, joint contributory, hybrid defined
benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency
created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas
Government Code (the TMRS Act) as an agent multiple-employer retirement system for municipal employees in
the State of Texas. The TMRS Act places the general administration and management of the System with a six -
member Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the
Board, TMRS is not fiscally dependent on the State of Texas. TMRS’s defined benefit pension plan is a tax-
qualified plan under Section 401 (a) of the Internal Revenue Code. TMRS issues a publicly available
comprehensive annual financial report (CAFR) that can be obtained at www.tmrs.com.
All eligible employees of the city are required to participate in TMRS.
TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of
the City, within the options available in the state statutes governing TMRS.
At retirement, the benefit is calculated as if the sum of the employee’s contributions, with interest, and the city-
financed monetary credits with interest were used to purchase an annuity. Members may choose to receive their
retirement benefit in one of seven actuarially equivalent payments options. Members may also choose to receive
a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24, or 36 monthly payments,
which cannot exceed 75% of the member’s deposits and interest.
The plan provisions are adopted by the governing body of the City, within the options available in the state
statutes governing TMRS. Plan provisions for the City were as follows:
62
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Employees covered by benefit terms
At the December 31, 2014 valuation and measurement date, the following employees were covered by the
benefit terms:
Contributions
The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and the
city matching percentages are either 100%, 150%, or 200%, both as adopted by the governing body of the city.
Under the state law governing TMRS, the contribution rate for each city is determined annually by the actuary,
using the Entry Age Normal (EAN) actuarial cost method. The actuarially determined rate is the estimated
amount necessary to finance the cost of benefits earned by employees during the year, with an additional amount
to finance any unfunded accrued liability.
Employees for the City of College Station were required to contribute 7% of their annual gross earnings during
the fiscal year. The contribution rates for the City of College Station were 14% and 14% in calendar years 2014
and 2015, respectively. The city’s contributions to TMRS for fiscal year 2015 were $6,068,368 and were equal
to the required contributions.
Net Pension Liability
The city’s Net Pension Liability (NPL) was measured as of December 31, 2014, and the Total Pension Liability
(TPL) used to calculate the Net Pension Liability was determined by an actuarial valuation as of that date.
Actuarial assumptions
The Total Pension Liability in the December 31, 2014 actuarial valuation was determined using the following
actuarial assumptions:
Salary increases were based on service-related table. Mortality rates for active members, retirees, and
beneficiaries were based on the gender-distinct RP2000 Combined Healthy Mortality Table, with male rates
multiplied by 109% and female rates multiplied by 103%. The rates are projected on a fully generational basis
Employee deposit rate 7.00%
Matching ratio (City to
Employee)2 to 1
Years required for vesting 5
Servic e retirement eligibility
20 years at any
age, 5 years at
age 60 and
above
Updated Service Credit 75% Repeating
Transfers
Annuity Increase (to retirees)50% of CPI
Repeating
Inactive employees or beneficiaries currently receiving benefits 362
Inactive employees entitled to but not yet receiving benefits 441
Active employees 805
1,608
Inflation
Overall Payroll growth
Investment rate of return
3.0% per year
3.0% per year
7.0%, net of pension plan investment expense,
including inflation
63
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
by scale BB to account for future mortality improvements. For disabled annuitants, the gender-distinct RP2000
Disabled Retiree Mortality Table is used, with slight adjustments.
Actuarial assumptions used in the December 31, 2014, valuation were based on the results of actuarial experience
studies. This experience study was for the period January 1, 2006 through December 31, 2009, first used in the
December 31, 2010 valuation. Healthy post-retirement mortality rates and annuity purchase rates were updated
based on a Mortality Experience Investigation Study covering 2009 through 2011, and dated December 31, 2013.
These assumptions were first used in the December 31, 2013 valuation, along with a change to the Entry Age
Normal (EAN) actuarial cost method. Assumptions are reviewed annually. No additional changes were made for
the 2014 valuation.
The long-term expected rate of return on pension plan investments is 7.0%. The pension plan’s policy in regard to
the allocation of invested assets is established and may be amended by the TMRS Board of Trustees. Plan assets
are managed on a total return basis with an emphasis on both capital appreciation as well as the production of
income, in order to satisfy the short-term and long-term funding needs of TMRS.
The long-term expected rate of return on pension plan investments was determined using a building-block method
in which best estimate ranges of expected future real rates of return (expected returns, net of pension plan
investment expense and inflation) are developed for each major asset class. These ranges are combined to
produce the long-term expected rate of return by weighting the expected future real rates of return by the target
asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic
real rates of return for each major asset class are summarized in the following table:
Discount Rate
The discount rate used to measure the Total Pension Liability was 7.0%. The projection of cash flows used to
determine the discount rate assumed that employee contributions will remain at the current 7% and employer
contributions will be made at the rates specified in statute. Based on that assumption, the pension plan’s Fiduciary
Net Position was projected to be available to make all projected future benefit payments of current plan members.
Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected
benefit payments to determine the Total Pension Liability.
Long-Term
Expected Real
Target Rate of Return
Allocation (Arithmetic)
17.5%4.80%
17.5%6.05%
30.0%1.50%
10.0%3.50%
5.0%1.75%
10.0%5.25%
5.0%4.25%
5.0%8.50%
Total 100.0%
Real Return
Real estate
Absolute Return
Private Equity
Asset
Class
Domestic equity
International equity
Core Fixed Income
Non-Core Fixed
64
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Sensitivity of the net pension liability to changes in the discount rate
The following presents the net pension liability of the City, calculated using the discount rate of 7.0%, as well as
what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage-point
lower (6.0%) or 1-percentage-point higher (8.0%) than the current rate:
Pension Plan Fiduciary Net Position
Detailed information about the pension plan’s Fiduciary Net Position is available in a separately-issued TMRS
financial report. That report may be obtained on the Internet at www.tmrs.com.
Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
The implementation of Statement No. 68 resulted in the restatement of beginning net position for the elimination
of the previously reported net pension obligation, the recording of the beginning net pension liability and the
beginning deferred outflow for contributions made after the measurement date.
For the year ended September 30, 2015, the City recognized pension expense of $5,193,753.
Total Pension
Liability
(a)
Plan Fiduciary
Net Position
(b)
Net Pension
Liability
(a) – (b)
221,999,821$ 200,281,220$ 21,718,601$
6,408,154 - 6,408,154
15,448,489 - 15,448,489
(1,163,171) - (1,163,171)
- 5,916,175 (5,916,175)
- 3,060,843 (3,060,843)
- 11,457,666 (11,457,666)
(9,022,396) (9,022,396) -
- (119,620) 119,620
- (9,835) 9,835
Net changes 11,671,076 11,282,833 388,243
233,670,897$ 211,564,053$ 22,106,844$
Differences between expected and actual
Increase (Decrease)
Balances at 12/31/2013
Changes for the year:
Service cost
Interest
Balances at 12/31/2014
Contributions—employer
Contributions—employee
Net investment income
Benefit payments, including refunds of employee
contributions
Administrative expense
Other changes
1% Decrease
(6.00%)
Current
Discount
Rate (7.00%)
1% Increase
(8.00%)
City's net pension liability $57,400,376 $22,106,844 ($6,657,294)
65
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
At September 30, 2015, the City reported deferred outflows and inflows of resources related to pensions from the
following sources:
Deferred outflows or resources related to pensions resulting from contributions subsequent to the measurement
date of $4,543,097 will be recognized as a reduction of the net pension liability for the measurement year ending
December 31, 2015 (i.e. recognized in the city’s financial statements September 30, 2016). Other amounts
reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense
as follows:
E.Other Post-Employment Benefits
In addition to the pension benefits described in Note V.D., as required by state laws and defined by City policy,
the City makes available postretirement medical, dental, vision, drug and life insurance benefits to all employees
who meet TMRS retirement qualifications, retire from the City and who enroll themselves and their eligible
dependent(s) on or before the effective date of their retirement through the City’s single-employer defined benefit
other post-employment benefit (OPEB) plan. The life insurance plan provides a $10,000 fully insured death
benefit coverage upon retirement which ceases upon attainment of age 65 for retirees. So long as monthly
premium payments are made, the healthcare plan provides coverage until age 65 to eligible retirees, their
spouses and dependents through the City’s group health insurance plan, which covers both active and retired
members. Benefit provisions as well as retiree premium contributions are established by management.
The City determines the employer and participant contribution rates annually based on recommendations of City
staff and the City’s consultant. All medical, dental, vision and drug care benefits are provided through the City’s
self-insured health plan. The benefit levels are the same as those afforded to active employees. Life insurance
for eligible retirees is paid entirely by the City. During fiscal year 2015, fifty-two former employees were covered
under this arrangement, with claims less retiree contributions totaling ($434,136).
Deferred
Outflows of
Resources
Deferred Inflows
of Resources
-$ 938,950$
- -
2,049,615 -
4,543,097 -
6,592,712$ 938,950$ Total
Differences in expected and actual
experience
Changes of assumptions
Difference between projected and
actual earnings
Contributions subsequent to the
measurement date
Measurement
Year Ended
Dec 31
Net deferred
outflows (inflows)
of res o urces
2015 288,183$
2016 288,183
2017 288,183
2018 288,182
2019 (42,066)
Thereafter -
Total 1,110,665$
66
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
Annual OPEB Cost and Net OPEB Obligation
The City’s annual OPEB cost is based on the annual required contribution (ARC) of the City, an amount
actuarially determined in accordance with the parameters of GASB Statement 45. Despite the apparent
implications of the term ARC, the City is not required to contribute the ARC to the plan each year, Instead, the
ARC provides a basis for evaluating whether the City’s contributions for OPEB are adequate to fund the benefits
during the working lifetime of current employees (i.e., the normal cost) and to amortize existing unfunded
obligations (i.e., the obligations for current retirees plus that portion of the current employees’ obligations that
are attributed to past service) in a systematic manner over the amortization period prescribed by GASB.
The annual OPEB cost is the annual accounting expense recorded on the City’s Statement of Revenues,
Expenses and Changes in Net Position and on the City’s Statement of Activities. The annual OPEB cost is equal
to (1) the ARC for the current fiscal year, plus (2) interest on the Net OPEB Obligation at the beginning of the
year, reduced by (3) an adjustment to the ARC which is equal to an amortization of the beginning of the year
Net OPEB Obligation. As described in Note V.C, the City terminated its Borrowed Employee Agreement with
BVSWMA, Inc.
Generally, the Net OPEB Obligation is the cumulative difference since the effective date of GASB 45 between
the annual OPEB cost and the employer’s contributions to the plan including the OPEB liability (asset) at
transition, if any. Because the City did not have an OPEB liability/(asset) at transition, the Net OPEB Obligation
as of October 1, 2008 is zero. Whenever the City contributes an amount less than the annual OPEB cost, this
shortfall will increase the City’s Net OPEB Obligation.
Actuarial Methods and Assumptions
Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability
of events far into the future. Actuarially determined amounts are subject to continual revision as actual results
are compared to past expectations and new estimates are made about the future.
The required Schedule of Funding Progress immediately following the notes to the financial statements presents
multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over
time relative to the actuarial accrued liability for benefits. GASB No. 45 calculations are based on the types of
benefits provided under the terms of the substantive plan at the time of each valuation and on the pattern of
2013 2014 2015
Annual Required Contribution (ARC)1,449,844$ 1,449,844$ 1,810,895$
Interest on Net Pension Obligation 333,710 397,569 400,494
Adjustment to the ARC (413,492) (492,618) (522,847)
Annual OPEB Cost 1,370,062 1,354,795 1,688,542
Contributions Made (92,888) (406,326) (434,136)
Increase (Decrease) in net pension obligation 1,277,174 948,469 1,254,406
Net OPEB Obligation/(Asset), beginning of year 6,674,204 7,951,378 8,899,847
Net OPEB Obligation/(Asset), end of year 7,951,378$ 8,899,847$ 10,154,253$
Accounting
Year Ending
Annual OPEB
Cost
Actual
Contribution
Made
Percentage of
Annual OPEB
Cost Contributed
Net OPEB
Obligation
9/30/2013 1,370,062 92,888 6.78% 7,951,378
9/30/2014 1,354,795 406,326 29.99% 8,899,847
9/30/2015 1,688,542 434,136 25.71% 10,154,253
67
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
sharing of costs between the employer and plan participants to that point. In addition, the projection of benefits
for financial reporting purposes does not explicitly incorporate the potential effects of legal or contractual funding
limitations on the pattern of cost sharing between the employer and plan participants in the future.
Actuarial calculations reflect a long-term perspective. In addition, consistent with that perspective, actuarial
methods and assumptions used in developing the amounts in this report include techniques that are designed
to reduce short-term volatility in actuarial accrued liabilities.
The required contribution rates were determined as part of the October 1, 2014 actuarial valuation. Significant
methods and assumptions follow:
Actuarial Valuation Date 10/1/2014
Asset Valuation Method Market
Actuarial Cost Method Projected Unit Credit
Actuarial Assumptions:
Annual Investment Return Assumption* 4.5%
*Includes Inflation at:3.5%
Projected Salary Increases N/A
Annual Healthcare Trend Rates 8.0% in FYE 2015, declining to 5.25% in FYE 2021
Amortization Method Level dollar
Amortization Period 30 year open period
Funding Status and Funding Progress
The Schedule of Funding Progress presents information as of the current valuation date and the two preceding
valuation dates. As of the date of this financial statement, the City has had three valuations, that for the fiscal
year beginning October 1, 2010, October 1, 2012 and one for the fiscal year beginning October 1, 2014.
There are factors that affect the ability to compare amounts reported from one actuarial valuation date to the
next. The assumptions that have been changed since the previous valuation are:
-the Discount Rate has been updated to reflect changes in the allocation of assets of the employer and the
expected return on such assets;
-the Assumed Per Capita Health Benefit Costs and Assumed Expenses for retirees and dependents have
been updated to reflect changes in claims and expense expectations; and
-the Health Benefit Cost Trend and Expense Trend have been updated to reflect changes in short-term
expectations of the annual rate of increase of the Assumed Per Capita Health Benefit Costs.
The City has had three separate valuations, one of which used the October 1, 2010 valuation date, October 1,
2012 and October 1, 2014 valuation date. The October 1, 2010 valuation date was used to develop results for
the fiscal year ending September 30, 2012, the October 1, 2012 valuation date was used to develop results for
the fiscal years ending September 30, 2013 and 2014. The plan was changed effective January 1, 2012 to
eliminate post-65 medical coverage and was changed effective January 1, 2013 to eliminate one of the PPO
benefit options. While the plan typically undergoes a biennial valuation, pursuant to paragraph 12 of GASB 45,
a new valuation must be performed if there are significant changes to the plan since the previous valuation. The
October 1, 2014 valuation date was used to develop results for the fiscal years ending September 30, 2015 and
2016, as part of the plan’s biennial valuation.
UAAL as a
Actuarial Actuarial Actuarial Covered Percentage
Valuation Value of Accrued Unfunded Funded Payroll of Covered
Date Assets Liability (AAL)AAL (UAAL)Ratio (Fiscal Year)Payroll
10/1/2010 - 9,356,116 9,356,116 0.0% 42,298,776 22.12%
10/1/2012 - 10,897,037 10,897,037 0.0% 44,000,000 24.77%
10/1/2014 - 15,013,856 15,013,856 0.0% 44,000,000 34.12%
68
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
F. Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code
("IRC") 457. The plan, as amended, is available to all employees and permits them to defer a portion of their
salary until future years. The plan funds are not available to employees until termination, retirement, death, or
emergency.
All amounts of compensation deferred under the plan (until paid or made available to the employee or other
beneficiary) were placed in trust for the exclusive benefit of the participants and the beneficiaries. This action is
in accordance with changes made to IRC Section 457. The City is not the 457 Plan Administrator or trustee and
the assets of the plan are not reportable in the City's basic financial statements.
G.Commitments and Contingencies
Construction Commitments
The City has contractual commitments of $10,084,969 in the Capital Projects Funds, $3,866,037 in the Water
Fund, $1,681,227 in the Wastewater Fund and $1,463,488 in the Electric Fund. These commitments are for
construction of various projects and will be funded primarily from long-term debt.
Contingencies
The City participates in a number of federal and state assisted grant programs. These programs are subject to
program compliance audits by the grantors or their representatives. Any liability for reimbursement which may
arise as the result of these audits is not believed to be material.
Litigation
The City is a party to legal proceedings, many of which occur in the normal course of operations. It is not possible
at the present time to estimate the ultimate outcome or liability, if any, of the city with respect to the various
proceedings. Management believes any unfavorable outcomes would not be material.
Financial Hedging
According to the Public Funds Investment Act, a municipality that owns a municipal electric utility that is engaged
in the distribution and sale of electric energy or natural gas to the public may enter into a hedging contract and
related security and insurance agreements in relation to fuel oil, natural gas, coal, nuclear fuel, and electric
energy to protect against loss due to price fluctuations.
In fiscal year 2014, the City signed a contract with the City of Garland under which the City of Garland will serve
as the qualified scheduling entity that will formulate and discuss the hedging strategies and options available to
the City to manage its power supply portfolio and price.
The City has not yet engaged in any hedging activity.
H.Bonds Available for Sale
Authorized general obligation bonds available for future issue are as follows:
Year Unissued
Authorized Amount
Public Buildings 1984 $ 700,000 1
Street Improvements 1984 500,000 1
Municipal Complex Improvements 2003 3,655,000
Library Expansion 2008 7,885,000
Parks and Recreation 2008 645,000
Street Improvements 2008 18,290,000
Total $31,675,000
I Contains projects which may have been completed or abandoned; therefore, these bonds are not likely to ever be issued.
69
Notes to the Financial Statements
For the Fiscal Year Ended September 30, 2015
City of College Station, Texas
I.Revenue Bond Coverage
All the net revenues of the Electric, Water and Wastewater Funds are pledged for the payment of debt service
of the revenue bonds and other indebtedness payable from those revenues. Net revenues, as defined by the
revenue bond resolutions, include substantially all of the revenues and expenses of the above named funds
other than certain interest income and expense, and depreciation and amortization. These bond resolutions
further require that the net revenues, as defined, equal at least 1.40 times the average annual debt service on
all revenue bonds and other indebtedness payable from those revenues and 1.25 times the maximum annual
debt service on all revenue bonds and other indebtedness payable from those revenues. The maximum annual
debt service is defined as the maximum principal and interest payments to be paid in any one year remaining in
the life of the bonds, and the average annual debt service is defined as the sum of all principal and interest
payments due over the remaining life of the bonds divided by the remaining life of the bonds. The City is in
compliance with these requirements.
J. Subsequent Events
As of March 18, 2016, the date the financial statements were available to be issued, the City had not experienced
any subsequent events that could have a material effect on the financial statements.
70
CITY OF COLLEGE STATION, TEXAS
Required Supplementary Information
Texas Municipal Retirement System
Schedule of Changes in Net Pension Liability and Related Ratios
Last Fiscal Year
(Unaudited)
Measurement
Year
2014
6,408,154$
15,448,489
Changes of benefit terms -
and actual experience (1,163,171)
-
(9,022,396)
11,671,076
221,999,821
Total pension liability - ending (a)233,670,897
Plan fiduciary net position:
Contributions - employer 5,916,175
Contributions - employee 3,060,843
Net investment income 11,457,666
Benefit payments, including refunds
of employee contributions (9,022,396)
Administrative expense (119,620)
Other (9,835)
Net change in plan fiduciary net position 11,282,833
Plan fiduciary net position - beginning 200,281,220
Plan fiduciary net position - ending (b)211,564,053
Net pension liability - ending (a) - (b)22,106,844
Plan fiduciary net position as a percentage of total
of total pension liability 90.54%
Covered employee payroll 43,726,328$
Net pension liability as a percentage
of covered employee payroll 50.56%
Net change in total pension liability
Total pension liability - beginning
Total pension liability:
Service cost
Interest
Differences between expected
Change in assumptions
Benefit payments, including refunds of employee
contributions
71
CITY OF COLLEGE STATION, TEXAS
Required Supplementary Information
Texas Municipal Retirement System
Schedule of Contributions
Last Fiscal Year
(Unaudited)
Notes to Schedule:
Valuation Date:
Actuarial determined contribution rates are calculated as of December 31st each year and become effective
in January, 12 months and a day later.
Methods and Assumptions Used to Determine Contribution Rates:
Actuarial cost method Entry Age
Amortization method Level percentage of payroll, closed
Remaining amortization period 23 years
Asset valuation method 10-year smoothed market; 15.00% soft corridor
Inflation 3.00%
Salary increases 3.50% to 12.00% including inflation
Investment rate of return 7.00%
Retirement age Experience-based table of rates that are specific
to the City’s plan of benefits. Last updated for
the 2010 valuation pursuant to an experience
study of the period 2005 – 2009.
Mortality RP2000 Combined Mortality Table with Blue
Collar Adjustment with male rates multiplied by
by 103% and projected on a fully generational
basis with scale BB.
Other information: There were no benefit changes during the year.
(5)
Actuarially
(2)determined (6)
Contribution contributions as Contributions as
in relation to (3)a percentage a percentage
(1)the Contribution (4)of covered of covered
Actuarially actuarially excess Covered employee employee
Fiscal determined determined (deficiency)employee payroll payroll
Year contribution Contribution (2) - (1)payroll (1)/(4)(2)/(4)
2006 4,030,369$ 4,030,369$ -$ 34,143,239$ 11.80%11.80%
2007 4,316,276 4,316,276 - 36,703,161 11.76%11.76%
2008 4,750,851 4,750,851 - 40,337,456 11.78%11.78%
2009 6,645,900 5,313,678 (1,332,222) 41,515,345 16.01%12.80%
2010 7,582,944 5,810,310 (1,772,634) 40,662,340 18.65%14.29%
2011 7,998,505 6,413,446 (1,585,059) 41,553,358 19.25%15.43%
2012 7,323,878 6,586,598 (737,280) 41,386,265 17.70%15.91%
2013 7,441,907 6,062,866 (1,379,041) 42,175,173 17.65%14.38%
2014 6,251,606 5,857,976 (393,630) 40,787,444 15.33%14.36%
2015 5,881,274 6,068,368 187,094 43,726,328 13.45%13.88%
72
CITY OF COLLEGE STATION, TEXAS
Required Supplementary Information
City of College Station Employees Other Post Employment Benefits Plan
Schedule of Funding Progress
Last Fiscal Year
(Unaudited)
The City has had three separate valuations, one of which used the October 1, 2010 valuation date,
October 1, 2012 and October 1, 2014 valuation date. The October 1, 2010 valuation date was used to
develop results for the fiscal year ending September 30, 2012, the October 1, 2012 valuation date was
used to develop results for the fiscal years ending September 30, 2013 and 2014.
The plan was changed effective January 1, 2012 to eliminate post-65 medical coverage and was changed
effective January 1, 2013 to eliminate one of the PPO benefit options. While the plan typically undergoes
a biennial valuation, pursuant to paragraph 12 of GASB 45, a new valuation must be performed if there
are significant changes to the plan since the previous valuation. The October 1, 2014 valuation date was
used to develop results for the fiscal years ending September 30, 2015 and 2016, as part of the plans
biennial valuation.
The Actuarial Accrued Liability (AAL), the Unfunded AAL (UAAL) and the covered fiscal payroll figures
reported above represent the entire City of College Station workforce.
UAAL as a
Actuarial Actuarial Actuarial Covered Percentage
Valuation Value of Accrued Unfunded Funded Payroll of Covered
Date Assets Liability (AAL)AAL (UAAL)Ratio (Fiscal Year)Payroll
10/1/2010 - 9,356,116 9,356,116 0.0% 42,298,776 22.12%
10/1/2012 - 10,897,037 10,897,037 0.0% 44,000,000 24.77%
10/1/2014 - 15,013,856 15,013,856 0.0% 44,000,000 34.12%
73
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 16,872,399$ 16,872,399$ 17,000,439$ -$ 17,000,439$ 128,040$
Sales taxes 25,300,000 25,300,000 26,687,963 - 26,687,963 1,387,963
Other taxes 2,758,475 2,758,475 3,061,718 - 3,061,718 303,243
Licenses and permits 1,146,635 1,146,635 1,500,777 - 1,500,777 354,142
Intergovernmental 243,200 393,200 355,083 - 355,083 (38,117)
Charges for services 3,189,842 3,189,842 3,572,684 - 3,572,684 382,842
Fines, forfeits, and penalties 3,222,606 3,222,606 2,688,017 - 2,688,017 (534,589)
Investment income 63,240 63,240 87,738 (3,325) 84,413 21,173
Rents and royalties 216,946 216,946 136,228 - 136,228 (80,718)
Contributions 10,772 10,772 1,251 - 1,251 (9,521)
Other 606,992 606,992 3,227,310 (1,086) 3,226,224 2,619,232
Total revenues 53,631,107 53,781,107 58,319,208 (4,411) 58,314,797 4,533,690
Expenditures
Police 18,708,634 18,882,819 18,533,889 - 18,533,889 (348,930)
Fire 15,079,831 15,095,425 14,881,983 - 14,881,983 (213,442)
Public works 8,900,576 9,729,744 9,150,806 86,974 9,237,780 (491,964)
Parks and recreation 9,317,207 9,350,593 8,194,670 (16,916) 8,177,754 (1,172,839)
Library 1,144,704 1,144,704 1,138,568 - 1,138,568 (6,136)
Planning and development services 3,290,334 3,538,490 3,106,143 - 3,106,143 (432,347)
Information technology 4,340,875 4,362,281 4,112,987 - 4,112,987 (249,294)
Fiscal services 3,362,802 3,412,002 3,310,963 - 3,310,963 (101,039)
General government 4,936,845 5,036,905 4,789,053 (904) 4,788,149 (248,756)
Contributions 1,194,007 1,194,007 1,187,500 - 1,187,500 (6,507)
Other 2,966,392 536,561 217,114 128,754 345,868 (190,693)
Capital outlay - 807,044 129,896 - 129,896 (677,148)
Total expenditures 73,242,207 73,090,575 68,753,572 197,908 68,951,480 (4,139,095)
Excess (deficit) of revenues over (under)
expenditures (19,611,100) (19,309,468) (10,434,364) (202,319) (10,636,683) 8,672,785
Other financing sources (uses)
Sale of capital assets - - 1,550,000 - 1,550,000 1,550,000
Transfers in 6,304,097 15,129,505 14,719,866 (263,740) 14,456,126 (673,379)
Transfers out 334,200 (2,245,731) (2,180,574) - (2,180,574) 65,157
Contingency 250,000 207,856 - - - (207,856)
Total other financing sources (uses)6,888,297 13,091,630 14,089,292 (263,740) 13,825,552 733,922
Net change in fund balances (12,722,803) (6,217,838) 3,654,928 (466,059) 3,188,869 9,406,707
Fund balances, October 1 18,043,699 18,043,699 18,043,699 - 18,043,699 -
Fund balances, September 30 5,320,896$ 11,825,861$ 21,698,627$ (466,059)$ 21,232,568$ 9,406,707$
Note:
The City prepares its annual budget on a budget basis which differs from a a GAAP basis. The budget and all transactions are presented in accordance
with the budget basis in the Schedule of Revenues, Expenditures, and Changes in Fund Balance-Budget and Actual-General Fund to provide a relevant
comparison of actual results with the budget. See Notes III A and B for further explanation of budget information.
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
General Fund
For the Fiscal Year Ended September 30, 2015
74
COMBINING FINANCIAL STATEMENTS
General Fund(s)
The General Fund is the City's primary operating fund. It accounts for all financial resources of the general
government, except those required to be accounted for in another fund. All general tax revenues and other
receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this
fund. General operating expenditures, fixed charges and capital improvement costs that are not paid through
other funds are paid from the General Fund.
The General Fund Type has historically incorporated several funds, which have been reported collectively as
the General Fund in the City’s Comprehensive Annual Financial Report.
For the fiscal year ending September 30, 2015, the General Fund includes:
General Fund
Economic Development Fund - accounts for funds used for business attraction and retention. Monies for this
purpose are transferred to the Economic Development Fund from the General Fund, the Business Park
Fund, and the Electric, Water, Wastewater and Sanitation Funds.
Unclaimed Property Fund - accounts for checks issued but not cashed. After the abandonment period of 1
year for payroll checks over $100 and 3 years for accounts payable checks over $100, these funds are sent
to the State Comptroller.
Efficiency Time Payment Fund - accounts for unrestricted revenue collected by the Municipal Court pursuant
to Texas Local Government Code, Section 133.103.
Chimney Hill Fund - account for the receipt and expenditure of funds by the City from the lease of retail
property at the Chimney Hill Center.
75
General Fund
Economic
Development
Unclaimed
Property
Efficiency Time
Payment Chimney Hill
Total General
Fund(s)
Assets
Cash and cash equivalents 20,031,282$ 605,063$ 223,415$ 53,870$ -$ 20,913,630$
Equity in investments 1,989,000 60,101 22,192 5,351 - 2,076,644
Investments interest receivable 1,618 47 - 5 - 1,670
Receivables (net of allow for uncollectible)3,805,692 - - - - 3,805,692
Inventories 49,509 - - - - 49,509
Prepaid costs 14,170 - - - - 14,170
Total assets 25,891,271$ 665,211$ 245,607$ 59,226$ -$ 26,861,315$
Liabilities and fund balances
Accounts payable 794,682$ -$ 121$ -$ -$ 794,803$
Accrued liabilities 1,357,336 - 245,486 - - 1,602,822
Refundable deposits 100,759 - - - - 100,759
Customer construction advances 752,760 - - - - 752,760
Total liabilities 3,005,537 - 245,607 - - 3,251,144
Deferred inflows of resources
Unavailable revenue-property taxes 554,073 - - - - 554,073
Unavailable revenue-other 633,034 - - - - 633,034
Total deferred inflows of resources 1,187,107 - - - - 1,187,107
Fund balances
Nonspendable 63,679 - - - - 63,679
Assigned 2,433,744 - - - - 2,433,744
Unassigned 19,201,204 665,211 - 59,226 - 19,925,641
Total fund balances 21,698,627 665,211 - 59,226 - 22,423,064
Total liabilities, deferred inflows of resources and fund
balances 25,891,271$ 665,211$ 245,607$ 59,226$ -$ 26,861,315$
CITY OF COLLEGE STATION, TEXAS
Combining Balance Sheet
General Fund(s)
September 30, 2015
76
General Fund
Economic
Development
Unclaimed
Property
Efficiency Time
Payment Chimney Hill
Total General
Fund(s)
Revenues
Ad valorem taxes 17,000,439$ -$ -$ -$ -$ 17,000,439$
Sales taxes 26,687,963 - - - - 26,687,963
Other taxes 3,061,718 - - - - 3,061,718
Licenses and permits 1,500,777 - - - - 1,500,777
Intergovernmental 355,083 - - - - 355,083
Charges for services 3,572,684 - - - - 3,572,684
Fines, forfeits, and penalties 2,688,017 - - 5,630 - 2,693,647
Investment income 87,738 2,074 - 232 26,030 116,074
Rents and royalties 136,228 - - - - 136,228
Contributions 1,251 - - - - 1,251
Other 3,227,310 25,000 - - - 3,252,310
Total revenues 58,319,208 27,074 - 5,862 26,030 58,378,174
Expenditures
Current
Police 18,533,889 - - - - 18,533,889
Fire 14,881,983 - - - - 14,881,983
Public works 9,150,806 - - - 5,264 9,156,070
Parks and recreation 8,194,670 - - - - 8,194,670
Library 1,138,568 - - - - 1,138,568
Planning and development services 3,106,143 - - - - 3,106,143
Information technology 4,112,987 - - - - 4,112,987
Fiscal services 3,310,963 - - 4,027 - 3,314,990
General government 4,789,053 64,305 - - - 4,853,358
Contributions 1,187,500 - - - - 1,187,500
Other 217,114 - - - - 217,114
Capital outlay 129,896 - - - - 129,896
Total expenditures 68,753,572 64,305 - 4,027 5,264 68,827,168
Excess(deficit) of revenues over (under) expenditures (10,434,364) (37,231) - 1,835 20,766 (10,448,994)
Other financing sources (uses)
Sale of capital assets 1,550,000 - - - 7,424,205 8,974,205
Transfers in 14,719,866 375,000 - - - 15,094,866
Transfers out (2,180,574) - - - (9,260,688) (11,441,262)
Total Other Financing Sources (Uses)14,089,292 375,000 - - (1,836,483) 12,627,809
Net change in fund balances 3,654,928 337,769 - 1,835 (1,815,717) 2,178,815
Fund balances , October 1 18,043,699 327,442 - 57,391 1,815,717 20,244,249
Fund balances, September 30 21,698,627$ 665,211$ -$ 59,226$ -$ 22,423,064$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance
General Fund(s)
For the Fiscal Year Ended September 30, 2015
77
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 16,872,399$ 16,872,399$ 17,000,439$ -$ 17,000,439$ 128,040$
Sales taxes 25,300,000 25,300,000 26,687,963 - 26,687,963 1,387,963
Other taxes 2,758,475 2,758,475 3,061,718 - 3,061,718 303,243
Licenses and permits 1,146,635 1,146,635 1,500,777 - 1,500,777 354,142
Intergovernmental 243,200 393,200 355,083 - 355,083 (38,117)
Charges for services 3,189,842 3,189,842 3,572,684 - 3,572,684 382,842
Fines, forfeits, and penalties 3,222,606 3,222,606 2,688,017 - 2,688,017 (534,589)
Investment income 63,240 63,240 87,738 (3,325) 84,413 21,173
Rents and royalties 216,946 216,946 136,228 - 136,228 (80,718)
Contributions 10,772 10,772 1,251 - 1,251 (9,521)
Other 606,992 606,992 3,227,310 (1,086) 3,226,224 2,619,232
Total revenues 53,631,107 53,781,107 58,319,208 (4,411) 58,314,797 4,533,690
Expenditures
General government 4,936,845 5,036,905 4,789,053 (904) 4,788,149 (248,756)
Fiscal services 3,362,802 3,412,002 3,310,963 - 3,310,963 (101,039)
Police 18,708,634 18,882,819 18,533,889 - 18,533,889 (348,930)
Fire 15,079,831 15,095,425 14,881,983 - 14,881,983 (213,442)
Planning and development services 3,290,334 3,538,490 3,106,143 - 3,106,143 (432,347)
Public works 8,900,576 9,729,744 9,150,806 86,974 9,237,780 (491,964)
Parks and recreation 9,317,207 9,350,593 8,194,670 (16,916) 8,177,754 (1,172,839)
Information technology 4,340,875 4,362,281 4,112,987 - 4,112,987 (249,294)
Library 1,144,704 1,144,704 1,138,568 - 1,138,568 (6,136)
Contributions 1,194,007 1,194,007 1,187,500 - 1,187,500 (6,507)
Other 2,966,392 536,561 217,114 128,754 345,868 (190,693)
Capital outlay - 807,044 129,896 - 129,896 (677,148)
Total expenditures 73,242,207 73,090,575 68,753,572 197,908 68,951,480 (4,139,095)
Excess (deficit) of revenues over (under)
expenditures (19,611,100) (19,309,468) (10,434,364) (202,319) (10,636,683) 8,672,785
Other financing sources (uses)
Sale of capital assets - - 1,550,000 - 1,550,000 1,550,000
Transfers in 6,304,097 15,129,505 14,719,866 (263,740) 14,456,126 (673,379)
Transfers out 334,200 (2,245,731) (2,180,574) - (2,180,574) 65,157
Contingency 250,000 207,856 - - - (207,856)
Total other financing sources (uses)6,888,297 13,091,630 14,089,292 (263,740) 13,825,552 733,922
Net change in fund balances (12,722,803) (6,217,838) 3,654,928 (466,059) 3,188,869 9,406,707
Fund balances, October 1 18,043,699 18,043,699 18,043,699 - 18,043,699 -
Fund balances, September 30 5,320,896$ 11,825,861$ 21,698,627$ (466,059)$ 21,232,568$ 9,406,707$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
General Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2015
78
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 1,000$ 1,000$ 2,074$ (96)$ 1,978$ 978$
Other - - 25,000 - 25,000 25,000
Total revenues 1,000 1,000 27,074 (96) 26,978 25,978
Expenditures
General government 494,254 494,254 64,305 - 64,305 (429,949)
Other 20,000 20,000 - - - (20,000)
Total expenditures 514,254 514,254 64,305 - 64,305 (449,949)
Excess (deficit) of revenues over
(under) expenditures (513,254) (513,254) (37,231) (96) (37,327) 475,927
Other financing sources (uses)
Transfers in - - 375,000 - 375,000 375,000
Transfers out - - - - - -
Total other financing sources (uses)- - 375,000 - 375,000 375,000
Net change in fund balances (513,254) (513,254) 337,769 (96) 337,673 850,927
Fund balances, October 1 327,442 327,442 327,442 - 327,442 -
Fund balances, September 30 (185,812)$ (185,812)$ 665,211$ (96)$ 665,115$ 850,927$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Economic Development Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2015
79
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 6,359$ 6,359$ 5,630$ -$ 5,630$ (729)$
Investment income 214 214 232 (9) 223 9
Total revenues 6,573 6,573 5,862 (9) 5,853 (720)
Expenditures
Fiscal services 4,160 4,160 4,027 - 4,027 (133)
Total Expenditures 4,160 4,160 4,027 - 4,027 (133)
Excess (deficit) of revenues over
(under) expenditures 2,413 2,413 1,835 (9) 1,826 (587)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 2,413 2,413 1,835 (9) 1,826 (587)
Fund balances, October 1 57,391 57,391 57,391 - 57,391 -
Fund balances, September 30 59,804$ 59,804$ 59,226$ (9)$ 59,217$ (587)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Efficiency Time Payment Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2015
80
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 368$ 368$ 26,030$ -$ 26,030$ 25,662$
Rents and royalties 34,194 34,194 - - - (34,194)
Total revenues 34,562 34,562 26,030 - 26,030 (8,532)
Expenditures
Public works 6,667 6,667 5,264 - 5,264 (1,403)
Total expenditures 6,667 6,667 5,264 - 5,264 (1,403)
Excess (deficit) of revenues over
(under) expenditures 27,895 27,895 20,766 - 20,766 (7,129)
Other financing sources (uses)
Sale of capital asset 7,500,000 7,500,000 7,424,205 7,424,205 (75,795)
Transfers in - - - - - -
Transfers out (9,327,416) (9,327,416) (9,260,688) - (9,260,688) 66,728
Total other financing sources (uses)(1,827,416) (1,827,416) (1,836,483) - (1,836,483) (9,067)
Net change in fund balances (1,799,521) (1,799,521) (1,815,717) - (1,815,717) (16,196)
Fund balances, October 1 1,815,717 1,815,717 1,815,717 - 1,815,717 -
Fund balances, September 30 16,196$ 16,196$ -$ -$ -$ (16,196)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Chimney Hill Fund (reported as part of the General Fund(s))
For the Fiscal Year Ended September 30, 2015
81
COMBINING FINANCIAL STATEMENTS
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
Special revenue funds are used to account for specific revenues that are legally restricted or committed to
expenditures for particular purposes other than debt service or capital projects.
Court Technology Fee Fund - account for funds collected by municipal court to be used to finance the
purchase of or to maintain technological enhancements for a municipal court.
Court Security Fee Fund - account for funds collected by municipal court used to finance security personnel
for a municipal court or to finance items when used for the purpose of providing security services.
Juvenile Case Manager Fund - account for funds collected by municipal court used to finance the salary and
benefits of a juvenile case manager.
Police Seizure Fund - account for funds obtained through forfeiture provisions under federal laws; seized
money from delivery of controlled substance in accordance with Public Health Laws. These monies are to be
used for training and other law enforcement activities.
Memorial Cemetery Fund - account for sales of plots (and options of plots) in the Aggie Field of Honor &
Municipal Cemetery.
Memorial Cemetery Endowment Fund - account for principal trust amounts received and related interest
income for the College Station Memorial Cemetery.
Texas Ave. Cemetery Endowment Fund - to account for principal trust amounts received and related
interest income for the College Station Cemetery.
Hotel Tax Fund - account for the receipt and expenditure of funds received by the City from the assessment
of hotel and motel occupancy tax. Usage of funds is restricted to the construction and maintenance of
convention and civic facilities and to the promotion of tourism and arts within the City.
Community Development Fund - account for funds granted to the City by the Federal Department of Housing
and Urban Development for use on various community improvement projects.
Wolf Pen Creek Tax Increment Financing District Fund - account for the receipt and expenditure of funds
received by the City from the creation of a tax increment financing district for the Wolf Pen Creek area.
Parks Escrow Fund - account for the receipt and expenditure of funds received by the City from residential
land developers, who dedicate land, or money in lieu of land, for use in the development of community and
neighborhood parks in residential areas.
Sidewalk Zones - account for the receipt and expenditure of funds received by the City from residential land
developers, who dedicate land, or money in lieu of land, for use in the development of community and
neighborhood sidewalks.
Drainage Projects Fund - to account for the cost of drainage maintenance and drainage improvements made
with funds provided by a drainage utility fee and proceeds from the sale of general obligation bonds.
Truancy Prevention Fee Fund – account for funds collected by municipal court used to fund truancy
prevention and intervention services.
82
West Medical District Tax Increment Reinvestment Zone No. 18 Fund – account for the receipt and
expenditure of funds received by the City from the creation of a tax increment financing district for the West
Medical District.
East Medical District Tax Increment Reinvestment Zone No. 19 Fund - account for the receipt and
expenditure of funds received by the City from the creation of a tax increment financing district for the East
Medical District.
Public, Educational and Governmental Access Channel Fee Fund – account for fees collected to fund
educational and governmental broadcasting on the local access channel.
R.E. Meyer Estate Restricted Gift Fund – account for gift bequest to be used for programs designed to benefit
senior citizens.
CAPITAL PROJECTS FUNDS
Capital Projects Funds are used to account for the acquisition and construction of major capital
improvements other than those financed by proprietary funds and trust funds.
General Government Projects Fund - to account for the cost of new building construction and building
improvements made with funds provided by proceeds from the sale of general obligation bonds, certificates
of obligation and by investing those proceeds.
Parks & Recreation Projects Fund - to account for the costs of new parks and improvements to existing parks
made with funds provided from the sale of general obligation bonds, certificates of obligation and by investing
those proceeds.
83
Court
Technology
Fee
Court Security
Fee
Juvenile Case
Manager Police Seizure
Memorial
Cemetery
Memorial
Cemetery
Endowment
Texas Ave
Cemetery
Endowment Hotel Tax
Community
Development
Assets
Cash and cash equivalents 408,547$ 23,744$ 241,289$ 69,167$ 1,405,282$ 800,130$ 1,687,896$ 14,639,348$ 114,235$
Equity in investments 40,581 2,358 23,967 6,870 139,588 79,478 167,660 1,454,137 11,347
Receivables (net of allow for uncollectible)- - - - 10,467 5,155 1,950 - 736,317
Investments interest receivable 32 2 19 5 109 62 131 1,137 -
Inventories - - - - 4,183,480 2,060,520 189 - -
Loans receivable - - - - - - - - 1,449,615
Total assets 449,160$ 26,104$ 265,275$ 76,042$ 5,738,926$ 2,945,345$ 1,857,826$ 16,094,622$ 2,311,514$
Liabilities
Accounts payable 5,334$ -$ -$ -$ -$ -$ 3,073$ 16,215$ 162,276$
Accrued liabilities - 2,174 2,749 - - - - - 9,001
Retainage payable - -- - - - - - -
Total liabilities 5,334 2,174 2,749 - - - 3,073 16,215 171,277
Deferred inflows of resources
Unavailable revenue-loans receivable - - - - - - - - 211,738
Unavailable revenue-other - - - - 10,467 5,155 3,220 - -
Total deferred inflows of resources - - - - 10,467 5,155 3,220 - 211,738
Fund balance
Nonspendable - - - - 4,183,480 2,060,520 189 - -
Restricted 443,826 23,930 262,526 76,042 - - - 8,663,166 1,928,499
Committed - - - - 1,544,979 879,670 1,851,344 7,415,241 -
Assigned - - - - - - - - -
Unassigned - - - - - - - - -
Total fund balance 443,826 23,930 262,526 76,042 5,728,459 2,940,190 1,851,533 16,078,407 1,928,499
Total liabilities, deferred inflows and fund balance 449,160$ 26,104$ 265,275$ 76,042$ 5,738,926$ 2,945,345$ 1,857,826$ 16,094,622$ 2,311,514$
CITY OF COLLEGE STATION, TEXAS
Combining Balance Sheet
Nonmajor Governmental Funds
September 30, 2015
Special Revenue
84
Wolf Pen
Creek Tax
Increment
Financing
District Parks Escrow
Sidewalk
Zones
Drainage
Projects
Truancy
Prevention
Fee
West Medical
District Tax
Increment
Reinvestment
Zone No. 18
East Medical
District Tax
Increment
Reinvestment
Zone No. 19
Public,
Educational
and
Governmental
Access
Channel Fee
R.E. Meyer
Estate
Restricted Gift
General
Government
Projects
Parks &
Recreation
Projects
Total Other
Governmental
Funds
1,144,992$ 4,242,724$ 51,802$ 2,625,983$ 20,015$ 243,117$ 1,860$ 351,076$ 513,832$ 5,389,525$ 7,492,504$ 41,467,068$
113,733 421,433 5,146 260,841 1,988 24,149 185 34,873 51,039 535,345 744,236 4,118,954
- - - 251,536 - - - - - - - 1,005,425
89 332 4 204 2 19 - 27 40 419 582 3,215
- - - - - - - - - - - 6,244,189
- - - - - - - - - - - 1,449,615
1,258,814$ 4,664,489$ 56,952$ 3,138,564$ 22,005$ 267,285$ 2,045$ 385,976$ 564,911$ 5,925,289$ 8,237,322$ 54,288,466$
-$ 10,057$ -$ 9,221$ -$ -$ -$ -$ -$ 74,127$ -$ 280,303$
- - - 19,318 - - - - - 2,156 - 35,398
- 33,831 - 8,386 - - - - - -18,360 60,577
- 43,888 - 36,925 - - - - - 76,283 18,360 376,278
- - - - - - - - - - - 211,738
- - - - - - - - - - 300 19,142
- - - - - - - - - - 300 230,880
- - - - - - - - - - - 6,244,189
1,258,814 4,620,601 56,952 - 22,005 267,285 2,045 385,976 564,911 5,849,006 8,218,662 32,644,246
- - - 3,101,639 - - - - - - - 14,792,873
- - - - - - - - - - - -
- - - - - - - - - - - -
1,258,814 4,620,601 56,952 3,101,639 22,005 267,285 2,045 385,976 564,911 5,849,006 8,218,662 53,681,308
1,258,814$ 4,664,489$ 56,952$ 3,138,564$ 22,005$ 267,285$ 2,045$ 385,976$ 564,911$ 5,925,289$ 8,237,322$ 54,288,466$
Capital Projects
85
Court
Technology
Fee
Court Security
Fee
Juvenile Case
Manager Police Seizure
Memorial
Cemetery
Memorial
Cemetery
Endowment
Texas Ave
Cemetery
Endowment Hotel Tax
Community
Development
Revenues
Ad valorem taxes -$ -$ -$ -$ -$ -$ -$ -$ -$
Other taxes - - - - - - - 5,336,661 -
Intergovernmental - - - 5,070 - - - - 2,187,590
Charges for services - - - - 240,398 118,405 37,806 - -
Fines, forfeits, and penalties 64,479 48,374 80,260 - - - - - -
Investment income 1,774 143 1,093 315 6,174 3,272 7,348 35,957 -
Contributions - - - - - - - - -
Other - - - 75 - - - 6,700 19,877
Total revenues 66,253 48,517 81,353 5,460 246,572 121,677 45,154 5,379,318 2,207,467
Expenditures
Current
Police - - - 13,905 - - - - -
Public works - - - - - - - - -
Parks and recreation - - - - 161,638 79,612 4,753 106,410 -
Planning and development svcs - - - - - - - - -
Fiscal services 72,561 73,834 106,972 - - - - - -
General government - - - - - - - - 1,010,962
Contributions - - - - - - - 2,424,260 -
Other - - - - - - - 4,943 -
Capital outlay - - - - - - - 581,575 52,217
Total expenditures 72,561 73,834 106,972 13,905 161,638 79,612 4,753 3,117,188 1,063,179
Excess(deficit) of revenues over (under)
expenditures (6,308) (25,317) (25,619) (8,445) 84,934 42,065 40,401 2,262,130 1,144,288
Other financing sources (uses)
Transfers in - - - - - - - 9,260,688 -
Transfers out - - - - (262,795) - - (602,357) (874,817)
Total other financing sources (uses)- - - - (262,795) - - 8,658,331 (874,817)
Net change in fund balance (6,308) (25,317) (25,619) (8,445) (177,861) 42,065 40,401 10,920,461 269,471
Fund balances , October 1 450,134 49,247 288,145 84,487 5,906,320 2,898,125 1,811,132 5,157,946 1,659,028
Fund balances, September 30 443,826$ 23,930$ 262,526$ 76,042$ 5,728,459$ 2,940,190$ 1,851,533$ 16,078,407$ 1,928,499$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance
Nonmajor Governmental Funds
September 30, 2015
Special Revenue
86
Wolf Pen
Creek Tax
Increment
Financing
District Parks Escrow
Sidewalk
Zones
Drainage
Projects
Truancy
Prevention
Fee
West Medical
District Tax
Increment
Reinvestment
Zone No. 18
East Medical
District Tax
Increment
Reinvestment
Zone No. 19
Public,
Educational
and
Governmental
Access
Channel Fee
R.E. Meyer
Estate
Restricted Gift
General
Government
Projects
Parks and
Recreation
Projects
Total Other
Governmental
Funds
-$ -$ -$ -$ -$ 191,936$ 1,005$ -$ -$ -$ -$ 192,941$
- - - - - - - 206,138 - - - 5,542,799
- - - - - - - - - - - 2,192,660
- - - 2,146,486 - - - - - - 202,943 2,746,038
- - - - 13,436 - - - - - - 206,549
5,033 18,323 227 12,078 61 218 3 1,382 2,254 25,262 32,823 153,740
- 998,295 - - - - - - 446,407 - - 1,444,702
- - - - - - - - - 72 - 26,724
5,033 1,016,618 227 2,158,564 13,497 192,154 1,008 207,520 448,661 25,334 235,766 12,506,153
- - - - - - - - - - - 13,905
- - - 1,116,465 - - - - - - - 1,116,465
- - - - - - - - - - - 352,413
- - - 140,288 - - - - - - - 140,288
- - - - - - - - - - - 253,367
- - - - - - - 51,791 - - - 1,062,753
- - - - - - - - - - - 2,424,260
- - - - - - - - - - - 4,943
- 291,886 - 365,821 - - - - - 2,011,163 911,935 4,214,597
- 291,886 - 1,622,574 - - - 51,791 - 2,011,163 911,935 9,582,991
5,033 724,732 227 535,990 13,497 192,154 1,008 155,729 448,661 (1,985,829) (676,169) 2,923,162
- 12,000 - - - - - - - 1,183,124 300,000 10,755,812
- (330,236) - (577,864) - - - - - (125,080) (50,337) (2,823,486)
- (318,236) - (577,864) - - - - - 1,058,044 249,663 7,932,326
5,033 406,496 227 (41,874) 13,497 192,154 1,008 155,729 448,661 (927,785) (426,506) 10,855,488
1,253,781 4,214,105 56,725 3,143,513 8,508 75,131 1,037 230,247 116,250 6,776,791 8,645,168 42,825,820
1,258,814$ 4,620,601$ 56,952$ 3,101,639$ 22,005$ 267,285$ 2,045$ 385,976$ 564,911$ 5,849,006$ 8,218,662$ 53,681,308$
Capital Projects
87
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 60,881$ 60,881$ 64,479$ -$ 64,479$ 3,598$
Investment income 1,496 1,496 1,774 (65) 1,709 213
Total revenues 62,377 62,377 66,253 (65) 66,188 3,811
Expenditures
Fiscal services 80,619 109,210 72,561 - 72,561 (36,649)
Total expenditures 80,619 109,210 72,561 - 72,561 (36,649)
Excess(deficit) of revenues over
(under) expenditures (18,242) (46,833) (6,308) (65) (6,373) 40,460
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (18,242) (46,833) (6,308) (65) (6,373) 40,460
Fund balances, October 1 450,134 450,134 450,134 - 450,134 -
Fund balances, September 30 431,892$ 403,301$ 443,826$ (65)$ 443,761$ 40,460$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Court Technology Fee Fund
For the Fiscal Year Ended September 30, 2015
88
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 46,294$ 46,294$ 48,374$ -$ 48,374$ 2,080$
Investment income 268 268 143 (4) 139 (129)
Total revenues 46,562 46,562 48,517 (4) 48,513 1,951
Expenditures
Fiscal services 80,641 80,641 73,834 - 73,834 (6,807)
Total expenditures 80,641 80,641 73,834 - 73,834 (6,807)
Excess(deficit) of revenues over (under)
expenditures (34,079) (34,079) (25,317) (4) (25,321) 8,758
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (34,079) (34,079) (25,317) (4) (25,321) 8,758
Fund balances, October 1 49,247 49,247 49,247 - 49,247 -
Fund balances, September 30 15,168$ 15,168$ 23,930$ (4)$ 23,926$ 8,758$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Court Security Fee Fund
For the Fiscal Year Ended September 30, 2015
89
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 73,427$ 73,427$ 80,260$ -$ 80,260$ 6,833$
Investment income 1,124 1,124 1,093 (39) 1,054 (70)
Total revenues 74,551 74,551 81,353 (39) 81,314 6,763
Expenditures
Fiscal services 113,020 113,020 106,972 - 106,972 (6,048)
Total expenditures 113,020 113,020 106,972 - 106,972 (6,048)
Excess(deficit) of revenues over
(under) expenditures (38,469) (38,469) (25,619) (39) (25,658) 12,811
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (38,469) (38,469) (25,619) (39) (25,658) 12,811
Fund balances, October 1 288,145 288,145 288,145 - 288,145 -
Fund balances, September 30 249,676$ 249,676$ 262,526$ (39)$ 262,487$ 12,811$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Juvenile Case Manager Fee Fund
For the Fiscal Year Ended September 30, 2015
90
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental 20,000$ 20,000$ 5,070$ -$ 5,070$ (14,930)$
Investment income 200 200 315 (11) 304 104
Other - - 75 - 75 75
Total revenues 20,200 20,200 5,460 (11) 5,449 (14,751)
Expenditures
Police 27,000 27,000 13,905 - 13,905 (13,095)
Total expenditures 27,000 27,000 13,905 - 13,905 (13,095)
Excess(deficit) of revenues over
(under) expenditures (6,800) (6,800) (8,445) (11) (8,456) (1,656)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (6,800) (6,800) (8,445) (11) (8,456) (1,656)
Fund balances, October 1 84,487 84,487 84,487 - 84,487 -
Fund balances, September 30 77,687$ 77,687$ 76,042$ (11)$ 76,031$ (1,656)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Police Seizure Fund
For the Fiscal Year Ended September 30, 2015
91
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Charges for services 253,528$ 253,528$ 240,398$ -$ 240,398$ (13,130)$
Investment income 5,250 5,250 6,174 (225) 5,949 699
Total revenues 258,778 258,778 246,572 (225) 246,347 (12,431)
Expenditures
Parks and recreation - - 161,638 (161,638) - -
Total expenditures - - 161,638 (161,638) - -
Excess(deficit) of revenues over
(under) expenditures 258,778 258,778 84,934 161,413 246,347 (12,431)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (262,795) (262,795) (262,795) - (262,795) -
Total other financing sources (uses)(262,795) (262,795) (262,795) - (262,795) -
Net change in fund balances (4,017) (4,017) (177,861) 161,413 (16,448) (12,431)
Fund balances, October 1 5,906,320 5,906,320 5,906,320 - 5,906,320 -
Fund balances, September 30 5,902,303$ 5,902,303$ 5,728,459$ 161,413$ 5,889,872$ (12,431)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Memorial Cemetery Fund
For the Fiscal Year Ended September 30, 2015
92
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Charges for services 124,872$ 124,872$ 118,405$ -$ 118,405$ (6,467)$
Investment income 2,200 2,200 3,272 (128) 3,144 944
Total revenues 127,072 127,072 121,677 (128) 121,549 (5,523)
Expenditures
Parks and recreation 10,000 10,000 79,612 (79,612) - (10,000)
Total expenditures 10,000 10,000 79,612 (79,612) - (10,000)
Excess(deficit) of revenues over
(under) expenditures 117,072 117,072 42,065 79,484 121,549 4,477
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 117,072 117,072 42,065 79,484 121,549 4,477
Fund balances, October 1 2,898,125 2,898,125 2,898,125 - 2,898,125 -
Fund balances, September 30 3,015,197$ 3,015,197$ 2,940,190$ 79,484$ 3,019,674$ 4,477$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Memorial Cemetery Endowment Fund
For the Fiscal Year Ended September 30, 2015
93
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Charges for services 10,000$ 10,000$ 37,806$ -$ 37,806$ 27,806$
Investment income 5,460 5,460 7,348 (270) 7,078 1,618
Total revenues 15,460 15,460 45,154 (270) 44,884 29,424
Expenditures
Parks and recreation - - 4,753 (69) 4,684 4,684
Total expenditures - - 4,753 (69) 4,684 4,684
Excess(deficit) of revenues over
(under) expenditures 15,460 15,460 40,401 (201) 40,200 24,740
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 15,460 15,460 40,401 (201) 40,200 24,740
Fund balances, October 1 1,811,132 1,811,132 1,811,132 - 1,811,132 -
Fund balances, September 30 1,826,592$ 1,826,592$ 1,851,533$ (201)$ 1,851,332$ 24,740$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Texas Ave Cemetery Endowment Fund
For the Fiscal Year Ended September 30, 2015
94
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Other Taxes 4,668,000$ 4,668,000$ 5,336,661$ -$ 5,336,661$ 668,661$
Investment income 55,000 55,000 35,957 (2,337) 33,620 (21,380)
Other - - 6,700 - 6,700 6,700
Total revenues 4,723,000 4,723,000 5,379,318 (2,337) 5,376,981 653,981
Expenditures
General government 210,000 210,000 - - - (210,000)
Parks and recreation 219,000 219,000 106,410 - 106,410 (112,590)
Contributions 2,592,694 2,755,884 2,424,260 - 2,424,260 (331,624)
Other 25,000 25,000 4,943 - 4,943 (20,057)
Capital outlay - 531,200 581,575 - 581,575 50,375
Total expenditures 3,046,694 3,741,084 3,117,188 - 3,117,188 (623,896)
Excess(deficit) of revenues over
(under) expenditures 1,676,306 981,916 2,262,130 (2,337) 2,259,793 1,277,877
Other financing sources (uses)
Transfers in 9,327,416 9,327,416 9,260,688 - 9,260,688 (66,728)
Transfers out (773,193) (773,193) (602,357) - (602,357) 170,836
Total other financing sources (uses)8,554,223 8,554,223 8,658,331 - 8,658,331 104,108
Net change in fund balances 10,230,529 9,536,139 10,920,461 (2,337) 10,918,124 1,381,985
Fund balances, October 1 5,157,946 5,157,946 5,157,946 - 5,157,946 -
Fund balances, September 30 15,388,475$ 14,694,085$ 16,078,407$ (2,337)$ 16,076,070$ 1,381,985$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Hotel Tax Fund
For the Fiscal Year Ended September 30, 2015
95
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental 6,020,864$ 6,020,864$ 2,187,590$ (15,513)$ 2,172,077$ (3,848,787)$
Other - - 19,877 (4,635) 15,242 15,242
Total revenues 6,020,864 6,020,864 2,207,467 (20,148) 2,187,319 (3,833,545)
Expenditures
General government 4,391,704 4,391,704 1,010,962 206,757 1,217,719 (3,173,985)
Capital outlay 701,021 701,021 52,217 - 52,217 (648,804)
Total expenditures 5,092,725 5,092,725 1,063,179 206,757 1,269,936 (3,822,789)
Excess(deficit) of revenues over (under)
expenditures 928,139 928,139 1,144,288 (226,905) 917,383 (10,756)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (928,139) (928,139) (874,817) - (874,817) 53,322
Total other financing sources (uses)(928,139) (928,139) (874,817) - (874,817) 53,322
Net change in fund balances - - 269,471 (226,905) 42,566 42,566
Fund balances, October 1 1,659,028 1,659,028 1,659,028 - 1,659,028 -
Fund balances, September 30 1,659,028$ 1,659,028$ 1,928,499$ (226,905)$ 1,701,594$ 42,566$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Community Development Fund
For the Fiscal Year Ended September 30, 2015
96
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 3,800$ 3,800$ 5,033$ (182)$ 4,851$ 1,051$
Total revenues 3,800 3,800 5,033 (182) 4,851 1,051
Expenditures
Other 1,257,597 1,257,597 - - - (1,257,597)
Total expenditures 1,257,597 1,257,597 - - - (1,257,597)
Excess(deficit) of revenues over
(under) expenditures (1,253,797) (1,253,797) 5,033 (182) 4,851 1,258,648
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (1,253,797) (1,253,797) 5,033 (182) 4,851 1,258,648
Fund balances, October 1 1,253,781 1,253,781 1,253,781 - 1,253,781 -
Fund balances, September 30 (16)$ (16)$ 1,258,814$ (182)$ 1,258,632$ 1,258,648$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Wolf Pen Creek (WPC) TIF Fund
For the Fiscal Year Ended September 30, 2015
97
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 10,000$ 10,000$ 18,323$ (682)$ 17,641$ 7,641$
Contributions 300,000 300,000 998,295 - 998,295 698,295
Total revenues 310,000 310,000 1,016,618 (682) 1,015,936 705,936
Expenditures
Capital outlay 3,395,500 3,395,500 281,886 - 281,886 (3,113,614)
Total expenditures 3,395,500 3,395,500 281,886 - 281,886 (3,113,614)
Excess(deficit) of revenues over
(under) expenditures (3,085,500) (3,085,500) 734,732 (682) 734,050 3,819,550
Other financing sources (uses)
Transfers in 12,000 12,000 12,000 - 12,000 -
Transfers out (321,997) (321,997) (330,236) 8,239 (321,997) -
Total other financing sources (uses)(309,997) (309,997) (318,236) 8,239 (309,997) -
Net change in fund balances (3,395,497) (3,395,497) 416,496 7,557 424,053 3,819,550
Fund balances, October 1 4,214,105 4,214,105 4,214,105 - 4,214,105 -
Fund balances, September 30 818,608$ 818,608$ 4,630,601$ 7,557$ 4,638,158$ 3,819,550$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Parks Escrow Fund
For the Fiscal Year Ended September 30, 2015
98
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Charges for services -$ -$ 2,146,486$ -$ 2,146,486$ 2,146,486$
Investment income 8,000 8,000 12,078 (419) 11,659 3,659
Other 2,130,800 2,130,800 - - - (2,130,800)
Total revenues 2,138,800 2,138,800 2,158,564 (419) 2,158,145 19,345
Expenditures
Planning and development services 113,987 173,987 140,288 - 140,288 (33,699)
Public works 1,291,532 1,363,137 1,116,465 (6,901) 1,109,564 (253,573)
Capital outlay 200,000 200,000 365,821 - 365,821 165,821
Total expenditures 1,605,519 1,737,124 1,622,574 (6,901) 1,615,673 (121,451)
Excess(deficit) of revenues over
(under) expenditures 533,281 401,676 535,990 6,482 542,472 140,796
Other financing sources (uses)
Transfers in - - - - - -
Transfers out (556,100) (562,480) (577,864) 20,162 (557,702) 4,778
Total other financing sources (uses)(556,100) (562,480) (577,864) 20,162 (557,702) 4,778
Net change in fund balances (22,819) (160,804) (41,874) 26,644 (15,230) 145,574
Fund balances, October 1 3,143,513 3,143,513 3,143,513 - 3,143,513 -
Fund balances, September 30 3,120,694$ 2,982,709$ 3,101,639$ 26,644$ 3,128,283$ 145,574$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Drainage Projects Fund
For the Fiscal Year Ended September 30, 2015
99
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Fines, forfeits, and penalties 13,000$ 13,000$ 13,436$ -$ 13,436$ 436$
Investment income 40 40 61 (3) 58 18
Total revenues 13,040 13,040 13,497 (3) 13,494 454
Expenditures
Other - - - - - -
Total expenditures - - - - - -
Excess(deficit) of revenues over
(under) expenditures 13,040 13,040 13,497 (3) 13,494 454
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 13,040 13,040 13,497 (3) 13,494 454
Fund balances, October 1 8,508 8,508 8,508 - 8,508 -
Fund balances, September 30 21,548$ 21,548$ 22,005$ (3)$ 22,002$ 454$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Truancy Prevention Fee Fund
For the Fiscal Year Ended September 30, 2015
100
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 192,085$ 192,085$ 191,936$ -$ 191,936$ (149)$
Investment income 2,500 2,500 218 (39) 179 (2,321)
Total revenues 194,585 194,585 192,154 (39) 192,115 (2,470)
Expenditures
Other - - - - - -
Total expenditures - - - - - -
Excess(deficit) of revenues over
(under) expenditures 194,585 194,585 192,154 (39) 192,115 (2,470)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 194,585 194,585 192,154 (39) 192,115 (2,470)
Fund balances, October 1 75,131 75,131 75,131 - 75,131 -
Fund balances, September 30 269,716$ 269,716$ 267,285$ (39)$ 267,246$ (2,470)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
West Medical District Tax Increment Reinvestment Zone No. 18 Fund
For the Fiscal Year Ended September 30, 2015
101
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 1,005$ 1,005$ 1,005$ -$ 1,005$ -$
Investment income 50 50 3 (1) 2 (48)
Total revenues 1,055 1,055 1,008 (1) 1,007 (48)
Expenditures
Other - - - - - -
Total expenditures - - - - - -
Excess(deficit) of revenues over
(under) expenditures 1,055 1,055 1,008 (1) 1,007 (48)
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 1,055 1,055 1,008 (1) 1,007 (48)
Fund balances, October 1 1,037 1,037 1,037 - 1,037 -
Fund balances, September 30 2,092$ 2,092$ 2,045$ (1)$ 2,044$ (48)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
East Medical District Tax Increment Reinvestment Zone No. 19 Fund
For the Fiscal Year Ended September 30, 2015
102
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Franchise tax 44,000$ 44,000$ 206,138$ -$ 206,138$ 162,138$
Investment income 450 450 1,382 (56) 1,326 876
Total revenues 44,450 44,450 207,520 (56) 207,464 163,014
Expenditures
Other 81,120 81,120 51,791 (51,791) - (81,120)
Total expenditures 81,120 81,120 51,791 (51,791) - (81,120)
Excess(deficit) of revenues over
(under) expenditures (36,670) (36,670) 155,729 51,735 207,464 244,134
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances (36,670) (36,670) 155,729 51,735 207,464 244,134
Fund balances, October 1 230,247 230,247 230,247 - 230,247 -
Fund balances, September 30 193,577$ 193,577$ 385,976$ 51,735$ 437,711$ 244,134$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Public, Educational and Governmental Access Channel Fee Fund
For the Fiscal Year Ended September 30, 2015
103
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 250$ 250$ 2,254$ (82)$ 2,172$ 1,922$
Contributions - - 446,407 - 446,407 446,407
Total revenues 250 250 448,661 (82) 448,579 448,329
Expenditures
Other - - - - - -
Total expenditures - - - - - -
Excess(deficit) of revenues over
(under) expenditures 250 250 448,661 (82) 448,579 448,329
Other financing sources (uses)
Transfers in - - - - - -
Transfers out - - - - - -
Total other financing sources (uses)- - - - - -
Net change in fund balances 250 250 448,661 (82) 448,579 448,329
Fund balances, October 1 116,250 116,250 116,250 - 116,250 -
Fund balances, September 30 116,500$ 116,500$ 564,911$ (82)$ 564,829$ 448,329$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
R. E. Meyer Estate Restricted Gift Fund
For the Fiscal Year Ended September 30, 2015
104
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Investment income 15,000$ 15,000$ 25,262$ (860)$ 24,402$ 9,402$
Other - - 72 640 712 712
Total revenues 15,000 15,000 25,334 (220) 25,114 10,114
Expenditures
Capital outlay 74,076 601,016 2,011,163 - 2,011,163 1,410,147
Total expenditures 74,076 601,016 2,011,163 - 2,011,163 1,410,147
Excess(deficit) of revenues over
(under) expenditures (59,076) (586,016) (1,985,829) (220) (1,986,049) (1,400,033)
Other financing sources (uses)
Transfers in 878,541 1,234,661 1,183,124 (30,561) 1,152,563 (82,098)
Transfers out (119,287) (87,847) (125,080) 37,234 (87,846) 1
Total other financing sources (uses)759,254 1,146,814 1,058,044 6,673 1,064,717 (82,097)
Net change in fund balances 700,178 560,798 (927,785) 6,453 (921,332) (1,482,130)
Fund balances, October 1 6,776,791 6,776,791 6,776,791 - 6,776,791 -
Fund balances, September 30 7,476,969$ 7,337,589$ 5,849,006$ 6,453$ 5,855,459$ (1,482,130)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
General Government Projects Fund
For the Fiscal Year Ended September 30, 2015
105
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Charges for services 81,600$ 81,600$ 202,943$ -$ 202,943$ 121,343$
Investment income 15,000 15,000 32,823 (1,196) 31,627 16,627
Total revenues 96,600 96,600 235,766 (1,196) 234,570 137,970
Expenditures
Other 3,165,000 3,165,000 911,935 - 911,935 (2,253,065)
Total expenditures 3,165,000 3,165,000 911,935 - 911,935 (2,253,065)
Excess(deficit) of revenues over
(under) expenditures (3,068,400) (3,068,400) (676,169) (1,196) (677,365) 2,391,035
Other financing sources (uses)
Transfers in 300,000 300,000 300,000 - 300,000 -
Transfers out (32,996) (32,996) (50,337) 17,341 (32,996) -
Total other financing sources (uses)267,004 267,004 249,663 17,341 267,004 -
Net change in fund balances (2,801,396) (2,801,396) (426,506) 16,145 (410,361) 2,391,035
Fund balances, October 1 8,645,168 8,645,168 8,645,168 - 8,645,168 -
Fund balances, September 30 5,843,772$ 5,843,772$ 8,218,662$ 16,145$ 8,234,807$ 2,391,035$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Parks and Recreation Projects Fund
For the Fiscal Year Ended September 30, 2015
106
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Ad valorem taxes 12,610,135$ 12,610,135$ 12,655,920$ -$ 12,655,920$ 45,785$
Investment income 25,250 25,250 19,417 (409) 19,008 (6,242)
Total revenues 12,635,385 12,635,385 12,675,337 (409) 12,674,928 39,543
Expenditures
Principal retirement 8,930,000 8,830,000 9,110,000 - 9,110,000 280,000
Interest on long-term debt 4,372,308 4,372,308 4,220,656 - 4,220,656 (151,652)
Debt issuance costs 50,000 50,000 7,862 1 7,863 (42,137)
Total expenditures 13,352,308 13,252,308 13,338,518 1 13,338,519 86,211
Excess(deficit) of revenues over
(under) expenditures (716,923) (616,923) (663,181) (410) (663,591) (46,668)
Other financing sources (uses)
Transfers in 262,795 262,795 262,795 - 262,795 -
Transfers out - - - - - -
Total other financing sources (uses)262,795 262,795 262,795 - 262,795 -
Net change in fund balances (454,128) (354,128) (400,386) (410) (400,796) (46,668)
Fund balances, October 1 3,214,434 3,214,434 3,214,434 - 3,214,434 -
Fund balances, September 30 2,760,306$ 2,860,306$ 2,814,048$ (410)$ 2,813,638$ (46,668)$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Debt Service Fund
For the Fiscal Year Ended September 30, 2015
107
Original Budget Final Budget
Actual GAAP
Basis
Adjustments
Budget Basis
Actual Budget
Basis
Variance with
Final Budget
Over (Under)
Revenues
Intergovernmental -$ -$ 187,020$ -$ 187,020$ 187,020$
Investment income 60,000 60,000 90,309 (2,978) 87,331 27,331
Other 100,000 100,000 107,897 - 107,897 7,897
Total revenues 160,000 160,000 385,226 (2,978) 382,248 222,248
Expenditures
Capital outlay 5,845,176 4,391,873 5,310,016 - 5,310,016 918,143
Intergovernmental - 1,453,303 151,289 - 151,289 (1,302,014)
Total expenditures 5,845,176 5,845,176 5,461,305 - 5,461,305 (383,871)
Excess(deficit) of revenues over
(under) expenditures (5,685,176) (5,685,176) (5,076,079) (2,978) (5,079,057) 606,119
Other financing sources (uses)
Transfers in 1,744,491 1,744,491 1,739,457 - 1,739,457 (5,034)
Transfers out (370,211) (370,211) (550,974) 180,763 (370,211) -
Total other financing sources (uses)1,374,280 1,374,280 1,188,483 180,763 1,369,246 (5,034)
Net change in fund balances (4,310,896) (4,310,896) (3,887,596) 177,785 (3,709,811) 601,085
Fund balances, October 1 23,569,205 23,569,205 23,569,205 - 23,569,205 -
Fund balances, September 30 19,258,309$ 19,258,309$ 19,681,609$ 177,785$ 19,859,394$ 601,085$
CITY OF COLLEGE STATION, TEXAS
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual
Streets Projects Fund
For the Fiscal Year Ended September 30, 2015
108
COMBINING FINANCIAL STATEMENTS
NONMAJOR ENTERPRISE FUNDS
Sanitation Fund - account for all sanitation collection and disposal activities by the City for both residential
and commercial customers.
Northgate Parking Garage Fund - account for revenues and expenses related to the operation and
maintenance of the Northgate parking garage and parking lot.
109
Sanitation
Northgate
Parking Garage
Total Nonmajor
Enterprise Funds
Assets
Current assets
Cash and cash equivalents 665,959$ 1,116,388$ 1,782,347$
Equity in investments 66,123 110,533 176,656
Receivables (net of allow for uncollectible)1,075,208 107,965 1,183,173
Investments interest receivable 52 86 138
Inventories 27,019 - 27,019
Total current assets 1,834,361 1,334,972 3,169,333
Noncurrent assets
Equity in joint venture 13,572,308 - 13,572,308
Loans receivable 3,860,000 - 3,860,000
17,432,308 - 17,432,308
Capital assets
Buildings - 5,737,679 5,737,679
Machinery and equipment 5,614,643 737,973 6,352,616
Less accumulated depreciation (2,163,999) (2,573,656) (4,737,655)
Construction in progress - 86,989 86,989
Land - 690,750 690,750
Total capital assets 3,450,644 4,679,735 8,130,379
Total noncurrent assets 20,882,952 4,679,735 25,562,687
Total assets 22,717,313 6,014,707 28,732,020
Deferred outflows of resources
Deferred charge on pensions 225,760 25,362 251,122
Deferred charge on refundings - 44,710 44,710
Total deferred outflows of resources 225,760 70,072 295,832
Liabilities
Current Liabilities
Accounts payable 215,760 12,049 227,809
Accrued liabilities 103,603 26,009 129,612
Unearned revenue - other - 21,677 21,677
Compensated absences 9,142 600 9,742
Retainage payable - 6,242 6,242
Accrued interest payable 17,793 6,287 24,080
Refundable deposits - 4,200 4,200
Certificates of obligation 250,000 - 250,000
General obligation bonds - 423,174 423,174
Total current liabilities 596,298 500,238 1,096,536
Noncurrent liabilities
Certificates of obligation 3,610,000 - 3,610,000
General obligation bonds - 1,084,522 1,084,522
Compensated absences 111,694 7,330 119,024
Post employment benefits 351,478 33,123 384,601
Net pension obligation 757,023 85,044 842,067
Total noncurrent liabilites 4,830,195 1,210,019 6,040,214
Total liabilities 5,426,493 1,710,257 7,136,750
Deferred inflows of resources
Deferred charge on pensions 32,154 3,611 35,765
Total deferred inflows of resources 32,154 3,611 35,765
Net position
Net investment in capital assets 3,450,644 3,172,039 6,622,683
Restricted For:
Debt Service - - -
Unrestricted 14,033,782 1,198,872 15,232,654
Total net position 17,484,426$ 4,370,911$ 21,855,337$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Net Position
Nonmajor Enterprise Funds
September 30, 2015
110
Sanitation
Northgate
Parking Garage
Total Nonmajor
Enterprise
Funds
Operating revenues
Intergovernmental 5,500$ -$ 5,500$
Charges for services 8,645,853 1,193,212 9,839,065
Fines, forfeits, and penalties - 229,457 229,457
Other 32,833 - 32,833
Total operating revenues 8,684,186 1,422,669 10,106,855
Operating expenses
Salaries and benefits 2,139,266 312,424 2,451,690
Supplies 397,272 24,538 421,810
Maintenance 645,796 18,498 664,294
Purchased professional services 705,937 148,709 854,646
Purchased property services 1,443,960 60,220 1,504,180
Other purchased services 1,353,439 76,181 1,429,620
Contributions 40,729 - 40,729
Depreciation 861,009 250,006 1,111,015
Other 23,126 - 23,126
Total operating expenses 7,610,534 890,576 8,501,110
Operating income 1,073,652 532,093 1,605,745
Nonoperating revenues (expenses)
Investment income 2,356 4,543 6,899
Earnings in joint venture 662,822 - 662,822
Interest expense 861 (66,018) (65,157)
Other, net (146,351) 12,269 (134,082)
Total nonoperating revenues (expenses)519,688 (49,206) 470,482
Income before capital contributions and transfers 1,593,340 482,887 2,076,227
Capital contributions and transfers
Capital contributions 1,472,527 22,699 1,495,226
Transfers in 218,401 - 218,401
Transfers out (1,326,796) 103,910 (1,222,886)
Total capital contributions and transfers 364,132 126,609 490,741
Change in net position 1,957,472 609,496 2,566,968
Net position - beginning 16,238,893 3,805,018 20,043,911
Prior period adjustment (711,939) (43,603) (755,542)
Net position - ending 17,484,426$ 4,370,911$ 21,855,337$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenses and Changes in Net Position
Nonmajor Enterprise Funds
For the Fiscal Year Ended September 30, 2015
111
Total
Northgate Nonmajor
Parking Enterprise
Sanitation Garage Funds
Cash flows from operating activities:
Cash received from customers 8,534,741$ 1,172,791$ 9,707,532$
Cash payments to suppliers for goods and services (5,644,258) (400,160) (6,044,418)
Cash payments to employees for services (1,542,809) (242,719) (1,785,528)
Cash paid for miscellaneous services (146,351) - (146,351)
Cash received for miscellaneous revenues - 12,269 12,269
Net cash provided (used) by operating activities 1,201,323 542,181 1,743,504
Cash flows from noncapital financing activities:
Transfers in from other funds 218,401 - 218,401
Transfers out to other funds (1,326,796) 103,910 (1,222,886)
Net cash provided (used) by noncapital financing activities (1,108,395) 103,910 (1,004,485)
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets (1,103,260) (117,591) (1,220,851)
Capital grants and contributions 1,472,527 22,699 1,495,226
Principal paid on certificates of obligation and general obligation bonds - (401,996) (401,996)
Interest paid on certificates of obligation and general obligation bonds - (67,553) (67,553)
Net cash provided (used) by capital and related financing activities 369,267 (564,441) (195,174)
Cash flows from investing activities:
Purchase of investments (130,538) (216,791) (347,329)
Proceeds from sale and maturities of investment securities 95,642 239,391 335,033
Investment income 2,304 4,457 6,761
Net cash provided (used) by investing activities (32,592) 27,057 (5,535)
Net increase (decrease) in cash and cash equivalents 429,603 108,707 538,310
Cash and cash equivalents, Oct. 1 236,356 1,007,681 1,244,037
Cash and cash equivalents, Sept. 30 665,959$ 1,116,388$ 1,782,347$
Reconciliation of operating income to net cash
Provided by operating activities:
Operating income 1,073,652$ 532,093$ 1,605,745$
Adjustment to reconcile operating income to net
cash provided (used) by operating activities:
Depreciation, bad debt expense, inventory loss 861,009 250,006 1,111,015
Miscellaneous nonoperating revenues - 12,269 12,269
Miscellaneous nonoperating expenses (146,351) - (146,351)
Changes in deferred inflows and outflows (193,606) (74) (193,680)
Changes in assets and liabilities:
Change in accounts receivable (149,445) (107,915) (257,360)
Change in inventory (21,378) - (21,378)
Change in accounts payable (111,297) (32,995) (144,292)
Change in accrued liabilities 14,228 6,165 20,393
Change in deferred revenue - (141,963) (141,963)
Change in accrued vacation 10,713 2,215 12,928
Change in OPEB 55,896 3,985 59,881
Change in net pension obligation (192,098) 18,395 (173,703)
Total adjustments 127,671 10,088 137,759
Net cash provided (used) by operating activities 1,201,323$ 542,181$ 1,743,504$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Fiscal Year Ended September 30, 2015
112
COMBINING FINANCIAL STATEMENTS
INTERNAL SERVICE FUNDS
Employee Benefits Fund - to account for self-insurance activity related to administration of the City's health
benefits plan.
Equipment Replacement Fund - to account for the purchase of City equipment such as vehicles and large
motorized equipment, telephone and radio systems, and replacement assets for existing technological
infrastructure equipment not budgeted in other funds.
Fleet Maintenance Fund - to account for all activities related to the management of the City’s vehicles and
heavy equipment, including preventive maintenance and vehicle repair activities.
Property and Casualty Fund - to account for insurance activity relating to all claims filed for liability cases
(both injury and property) and property losses incurred for City property.
Unemployment Fund - to account for self-insurance activity on claims filed under unemployment
compensation laws.
Utility Customer Service Fund - to account for the billing and collection activities relating to the City’s electric,
water, and sewer utilities and residential and commercial garbage collection.
Workers' Compensation Fund - to account for self-insurance activity relating to administration of the City's
workers' compensation plan.
113
Employee
Benefits
Equipment
Replacement
Fleet
Maintenance
Property and
Casualty Unemployment
Utility Customer
Service
Workers'
Compensation
Total Internal
Service Funds
Assets
Current assets
Cash and cash equivalents 8,062,313$ 6,631,206$ 139,648$ 1,840,572$ 375,106$ 378,140$ 2,248,370$ 19,675,355$
Equity in investments 800,835 658,682 13,871 182,825 37,260 37,291 223,333 1,954,097
Receivables (net of allow for uncollectible)7,612 - - - - 66,160 - 73,772
Investments interest receivable 626 515 11 143 29 29 175 1,528
Inventories - - 194,480 - - - - 194,480
Prepaids - - - - - - 2,500 2,500
Total current assets 8,871,386 7,290,403 348,010 2,023,540 412,395 481,620 2,474,378 21,901,732
Capital assets
Buildings - - 786,525 - - - - 786,525
Machinery and equipment - 23,532,575 370,175 - - 759,251 - 24,662,001
Less accumulated depreciation - (14,621,675) (719,875) - - (560,602) - (15,902,152)
Total capital assets - 8,910,900 436,825 - - 198,649 - 9,546,374
Total assets 8,871,386 16,201,303 784,835 2,023,540 412,395 680,269 2,474,378 31,448,106
Deferred outflows of resources
Deferred charge on pensions 6,253 - 93,070 9,846 - 127,545 9,846 246,560
Total deferred outflows of resources 6,253 - 93,070 9,846 - 127,545 9,846 246,560
Liabilities
Current liabilities
Accounts payable 241,328 704,082 79,723 63,114 4,320 5,349 2,079 1,099,995
Accrued liabilities 1,705 - 25,888 2,550 - 37,577 2,550 70,270
Compensated absences - - 4,589 - - 4,103 - 8,692
Retainage payable - - - 4,822 - - - 4,822
Claims payable 1,336,795 - - 342,312 - - 293,935 1,973,042
Total current liabilities 1,579,828 704,082 110,200 412,798 4,320 47,029 298,564 3,156,821
Noncurrent liabilities
Compensated absences - - 56,070 - - 50,130 - 106,200
Post employment benefits 11,854 - 143,854 16,384 - 224,260 16,359 412,711
Net pension obligation 20,966 - 312,085 33,017 - 427,688 33,016 826,772
Total noncurrent liabilites 32,820 - 512,009 49,401 - 702,078 49,375 1,345,683
Total liabilities 1,612,648 704,082 622,209 462,199 4,320 749,107 347,939 4,502,504
Deferred inflows of resources
Deferred charge on pensions 891 - 13,255 1,402 - 18,165 1,402 35,115
Total deferred outflows of resources 891 - 13,255 1,402 - 18,165 1,402 35,115
Net position
Net investment in capital assets - 8,910,900 436,825 - - 198,649 - 9,546,374
Unrestricted 7,264,100 6,586,321 (194,384) 1,569,785 408,075 (158,107) 2,134,883 17,610,673
Total net position 7,264,100$ 15,497,221$ 242,441$ 1,569,785$ 408,075$ 40,542$ 2,134,883$ 27,157,047$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Net Position
Internal Service Funds
September 30, 2015
114
Employee
Benefits
Equipment
Replacement
Fleet
Maintenance
Property and
Casualty Unemployment
Utility Customer
Service
Workers'
Compensation
Total Internal
Service Funds
Operating revenues
Charges for services -$ 4,979,824$ 2,091,166$ -$ -$ 2,184,188$ -$ 9,255,178$
Premiums 9,375,937 - - 951,836 30,395 - 492,182 10,850,350
Other - - - 150,637 - 167,495 - 318,132
Total operating revenues 9,375,937 4,979,824 2,091,166 1,102,473 30,395 2,351,683 492,182 20,423,660
Operating expenses
Salaries and benefits 61,590 - 933,090 91,821 - 1,319,915 91,818 2,498,234
Supplies - - 913,793 - - 41,473 - 955,266
Maintenance - - 19,169 - - 26,350 - 45,519
Purchased professional services 110,907 - 6,460 16,301 - 44,998 11,000 189,666
Purchased property services - - 13,885 - - 35,590 - 49,475
Other purchased services 566 - 56,395 - - 733,979 - 790,940
Claims 7,277,871 - -451,054 10,986 - 166,310 7,906,221
Administration fees 559,021 - -1,539,415 - - 24,773 2,123,209
Contributions - 2,267,479 - - - - - 2,267,479
Premiums 1,235,229 - - 310,470 - - 155,538 1,701,237
Depreciation - 2,032,228 37,832 - - 46,982 - 2,117,042
Other 331,977 - 19,203 8,069 - 7,750 936 367,935
Total operating expenses 9,577,161 4,299,707 1,999,827 2,417,130 10,986 2,257,037 450,375 21,012,223
Operating income (201,224) 680,117 91,339 (1,314,657) 19,409 94,646 41,807 (588,563)
Nonoperating revenues (expenses)
Investment income 35,966 31,127 712 15,621 1,610 1,432 9,857 96,325
Gain (loss) on disposal of assets - 45,451 - - - - - 45,451
Other, net 23,028 (23,114) 175 1,366,534 - - - 1,366,623
Total nonoperating revenues (expenses)58,994 53,464 887 1,382,155 1,610 1,432 9,857 1,508,399
Income before capital contributions and transfers (142,230) 733,581 92,226 67,498 21,019 96,078 51,664 919,836
Capital contributions and transfers
Capital contributions - 104,983 - - - - - 104,983
Transfers in - 266,000 - - - - - 266,000
Transfers out (69,120) - - - - - - (69,120)
Total capital contributions and transfers (69,120) 370,983 - - - - - 301,863
Change in net position (211,350) 1,104,564 92,226 67,498 21,019 96,078 51,664 1,221,699
Net position-beginning 7,482,884 14,392,657 290,914 1,515,832 387,056 114,573 2,096,789 26,280,705
Prior period adjustment (7,434) - (140,699) (13,545) - (170,109) (13,570) (345,357)
Net position-ending 7,264,100$ 15,497,221$ 242,441$ 1,569,785$ 408,075$ 40,542$ 2,134,883$ 27,157,047$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Revenues, Expenses and Changes in Net Position
Internal Service Fund
For the Fiscal Year Ended September 30, 2015
115
Total
Internal
Employee Equipment Fleet Property and Utility Customer Workers'Service
Benefits Replacement Maintenance Casualty Unemployment Service Compensation Funds
Cash Flows from operating activities:
Cash received from customers 9,373,143$ 4,979,824$ 2,091,166$ 1,124,908$ 30,395$ 2,300,030$ 495,856$ 20,395,322$
Cash payments to suppliers for goods and services (9,439,184) (1,721,893) (1,351,490) (2,147,608) (6,666) (1,181,331) (373,825) (16,221,997)
Cash payments to employees for services (48,439) - (697,838) (69,149) - (1,022,462) (69,120) (1,907,008)
Cash paid for miscellaneous services - (23,114) - - - - - (23,114)
Cash received for miscellaneous services 23,028 - 175 1,366,534 - - - 1,389,737
Net cash provided (used) by operating activities (91,452) 3,234,817 42,013 274,685 23,729 96,237 52,911 3,632,940
Cash flows from noncapital financing activities:
Transfers in from other funds - 266,000 - - - - - 266,000
Transfers out to other funds (69,120) - - - - - - (69,120)
Net cash provided (used) by noncapital financing activities (69,120) 266,000 - - - - - 196,880
Cash flows from capital and related financing activities:
Capital contributions - 104,983 - - - - - 104,983
Acquisition and construction of capital assets - (3,677,863) (24,576) - - - - (3,702,439)
Proceeds from sale of assets - 45,451 - - - - - 45,451
Net cash provided (used) by capital and related financing activities - (3,527,429) (24,576) - - - - (3,552,005)
Cash flows from investing activities:
Purchase of investments (1,569,219) (1,290,892) (27,221) (358,894) (73,074) (73,277) (437,816) (3,830,393)
Proceeds from sale and maturities of investment securities 1,817,328 1,482,473 29,149 378,337 80,983 73,072 495,626 4,356,968
Investment income 35,340 30,612 701 15,478 1,581 1,403 9,682 94,797
Net cash provided (used) by investing activities 283,449 222,193 2,629 34,921 9,490 1,198 67,492 621,372
Net increase (decrease) in cash and cash equivalents 122,877 195,581 20,066 309,606 33,219 97,435 120,403 899,187
Cash and cash equivalents, Oct. 1 7,939,436 6,435,625 119,582 1,530,966 341,887 280,705 2,127,967 18,776,168
Cash and cash equivalents, Sept. 30 8,062,313$ 6,631,206$ 139,648$ 1,840,572$ 375,106$ 378,140$ 2,248,370$ 19,675,355$
Reconciliation of operating income to net cash
provided by operating activities:
Operating income (201,224)$ 680,117$ 91,339$ (1,314,657)$ 19,409$ 94,646$ 41,807$ (588,563)$
Adjustment to reconcile operating income to net
Cash provided (used) by operating activities:
Depreciation, bad debt expense, inventory loss - 2,032,228 37,832 - - 46,982 - 2,117,042
Miscellaneous nonoperating revenues 23,028 - 175 1,366,534 - - - 1,389,737
Miscellaneous nonoperating expenses - (23,114) - - - - - (23,114)
Changes in deferred inflows and outflows (5,362) - (79,815) (8,444) - (109,380) (8,444) (211,445)
Changes in assets and liabilities:
Change in accounts receivable (2,794) - - 22,435 - (51,653) 3,674 (28,338)
Change in inventory - - (78,899) - - - - (78,899)
Change in prepaid costs - - - - - - (2,500) (2,500)
Change in accounts payable (75,165) 545,586 (18,726) 46,568 4,320 (7,825) (511) 494,247
Change in retainage payable - - - 4,822 - - - 4,822
Change in claims payable 164,349 - - 148,300 - - 9,757 322,406
Change in accrued liabilities 198 - 120 438 - 2,727 438 3,921
Change in accrued vacation - - 7,858 - - 8,190 - 16,048
Change in OPEB 983 - 14,624 1,547 - 20,041 1,548 38,743
Change in net pension obligation 4,535 - 67,505 7,142 - 92,509 7,142 178,833
Total adjustments 109,772 2,554,700 (49,326) 1,589,342 4,320 1,591 11,104 4,221,503
Net cash provided (used) by operating activities (91,452)$ 3,234,817$ 42,013$ 274,685$ 23,729$ 96,237$ 52,911$ 3,632,940$
CITY OF COLLEGE STATION, TEXAS
Combining Statement of Cash Flows
Internal Service Funds
For the Fiscal Year Ended September 30, 2015
116
STATISTICAL SECTION -
UNAUDITED
This section of the City of College Station’s comprehensive annual financial report presents detailed
information as a context for understanding what the information in the financial statements, note
disclosures, and required supplementary information says about the City’s overall financial condition.
Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial
performance and well-being have changed over time. (Pages 118-124)
Revenue Capacity
These schedules contain information to help the reader assess the factors affecting the City’s ability to
generate its property and sales taxes. (Pages 125-132)
Debt Capacity
These schedules present information to help the reader assess the affordability of the City’s current levels
of outstanding debt and the City’s ability to issue additional debt in the future. (Pages 133-137)
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the
environment within which the City’s financial activities take place and to help make comparisons over time
and with other governments. (Pages 138-143)
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive
annual financial reports for the relevant year. The City implemented GASB Statement 34 in 2003; schedules
presenting government-wide information include information beginning in that year. The City implemented
GASB Statement 54 in 2009; schedules presenting governmental fund balance reclassifications begin in
that year.
117
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Governmental activities
Net investment in capital assets 108,287,795$ 113,750,039$ 114,935,845$ 143,530,290$ 153,397,767$ 145,546,799$ 149,875,513$ 153,214,549$ 125,012,201$ 167,101,930$
Restricted 4,564,184 5,089,422 6,357,013 8,077,876 10,201,722 25,565,107 13,606,487 16,751,846 15,608,417 55,374,914
Unrestricted 39,602,065 45,967,901 59,703,654 37,712,097 37,359,741 27,695,418 39,065,396 40,964,678 76,502,627 7,685,763
Total governmental activities net postion 152,454,044$ 164,807,362$ 180,996,512$ 189,320,263$ 200,959,230$ 198,807,324$ 202,547,396$ 210,931,073$ 217,123,245$ 230,162,607$
Business-type activities
Net investment in capital assets 142,778,246$ 147,043,092$ 145,066,758$ 147,627,129$ 161,365,075$ 175,059,669$ 179,123,899$ 189,315,182$ 165,180,775$ 200,468,509$
Restricted 2,920,980 3,056,356 1,590,977 3,119,691 1,588,631 1,588,631 1,580,992 1,580,992 1,580,992 1,581,186
Unrestricted 32,980,043 37,474,945 43,957,844 47,397,414 38,818,705 35,213,377 38,597,823 36,847,830 61,775,551 47,781,620
Total business-type activities net postion 178,679,269$ 187,574,393$ 190,615,579$ 198,144,234$ 201,772,411$ 211,861,677$ 219,302,714$ 227,744,004$ 228,537,318$ 249,831,315$
Primary government
Net investment in capital assets 251,066,041$ 260,793,131$ 260,002,603$ 291,157,419$ 314,762,842$ 320,606,468$ 328,999,412$ 342,529,731$ 290,192,976$ 367,570,439$
Restricted 7,485,164 8,145,778 7,947,990 11,197,567 11,790,353 27,153,738 15,187,479 18,332,838 17,189,409 56,956,100
Unrestricted 72,582,108 83,442,846 103,661,498 85,109,511 76,178,446 62,908,795 77,663,219 77,812,508 138,278,178 55,467,383
Total primary government net position 331,133,313$ 352,381,755$ 371,612,091$ 387,464,497$ 402,731,641$ 410,669,001$ 421,850,110$ 438,675,077$ 445,660,563$ 479,993,922$
Source: City of College Station
CITY OF COLLEGE STATION, TEXAS
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(accrual basis of accounting)
Fiscal Year
118
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Expenses
Governmental activities:
Police 11,214,413$ 12,299,698$ 13,395,874$ 13,945,079$ 16,063,347$ 15,082,452$ 16,696,975$ 16,831,233$ 17,768,724$ 18,601,237$
Fire 8,280,257 9,472,331 11,359,260 11,778,585 13,301,029 11,749,054 13,706,222 13,748,434 14,245,690 15,095,073
Public works 6,227,707 6,620,846 9,467,081 16,804,436 17,026,827 20,629,662 13,717,564 15,371,773 21,348,088 18,793,401
Parks and recreation 7,353,984 8,235,984 9,391,993 10,136,521 11,202,863 10,146,043 9,638,581 8,983,919 9,197,308 9,884,737
Library 870,203 912,527 993,102 1,052,838 1,103,864 1,130,433 1,142,580 1,064,293 1,149,616 1,213,820
Planning and development services 1,449,327 1,603,963 1,910,359 2,823,296 2,952,177 3,364,877 4,912,517 4,334,608 5,012,992 3,225,321
Information technology 2,280,393 2,689,720 2,749,327 3,471,714 5,048,720 4,165,064 4,268,524 4,565,385 4,663,939 4,416,190
Fiscal services 2,452,442 2,442,439 2,977,362 3,821,996 4,127,990 3,384,388 3,313,726 3,263,269 3,419,923 3,594,382
General government 7,755,725 7,654,393 8,551,304 8,631,908 11,534,705 9,455,960 8,348,922 9,167,476 9,602,139 10,194,285
Capital projects - - 719,391 476,462 256,177 648,589 819,296 733,974 731,621 -
Interest on long-term debt 4,116,871 4,291,022 3,860,801 4,135,146 4,111,523 4,079,379 3,273,938 2,949,240 3,962,347 3,943,972
Unallocated depreciation 5,759,049 6,026,372 667,890 789,074 1,047,906 1,130,283 1,149,609 1,146,119 1,161,675 1,235,340
Total governmental activities expense 57,760,371 62,249,295 66,043,744 77,867,055 87,777,128 84,966,184 80,988,454 82,159,723 92,264,062 90,197,758
Business-type activities:
Electric 51,250,110 60,242,408 70,485,984 77,441,351 88,685,699 93,277,853 87,221,859 88,438,115 98,269,576 79,828,415
Water 7,770,081 8,302,863 8,706,415 9,287,343 10,190,159 9,960,837 11,132,787 11,662,862 11,517,915 13,082,761
Wastewater 7,973,677 8,179,813 9,159,176 9,829,813 10,604,983 10,114,867 10,952,853 11,370,918 11,205,770 12,437,020
Sanitation 5,421,624 5,916,431 6,244,639 5,776,002 6,527,724 6,558,278 7,825,491 6,301,053 7,497,493 7,786,244
Northgate parking 621,593 591,980 668,237 909,167 1,019,393 944,125 924,532 1,053,839 1,051,901 953,681
Total business-type activities expense 73,037,085 83,233,495 95,264,451 103,243,676 117,027,958 120,855,960 118,057,522 118,826,787 129,542,655 114,088,121
Total primary government expense 130,797,456$ 145,482,790$ 161,308,195$ 181,110,731$ 204,805,086$ 205,822,144$ 199,045,976$ 200,986,510$ 221,806,717$ 204,285,879$
Program revenues
Governmental activities:
Charges for services:
Fines, forfeits and penalties 3,798,807$ 3,618,236$ 3,798,313$ 4,491,960$ 4,500,447$ 4,120,077$ 3,896,477$ 3,462,197$ 3,231,069$ 2,900,197$
Licenses and permits 1,091,848 1,306,690 1,154,902 1,007,151 964,344 1,091,983 1,496,989 1,240,300 1,438,082 1,500,777
Public works 1,290,935 1,199,565 1,255,525 1,793,174 1,895,263 2,910,293 2,480,140 2,489,828 2,437,986 2,254,382
Parks and recreation 1,244,476 1,420,284 1,911,789 1,838,810 1,722,840 2,007,032 1,909,008 1,773,554 1,608,329 1,652,014
Other activities 2,656,136 3,210,563 3,548,309 4,494,627 3,378,603 2,516,446 2,506,187 2,903,460 3,532,847 5,832,527
Operating grants and contributions 3,144,254 2,038,535 1,735,170 1,896,623 1,694,228 1,875,849 2,766,187 1,753,970 3,234,317 2,995,401
Capital grants and contributions 7,477,874 5,271,090 3,055,501 2,644,629 19,587,921 3,964,442 4,216,095 7,016,449 7,404,520 3,542,528
Total governmental activities program revenues 20,704,330 18,064,963 16,459,509 18,166,974 33,743,646 18,486,122 19,271,083 20,639,758 22,887,150 20,677,826
Business-type activities:
Charges for services:
Electric sales 60,217,421 67,462,075 76,787,412 82,904,777 91,162,890 101,617,743 96,787,784 95,737,007 97,814,129 101,432,340
Water sales 10,852,660 10,060,398 12,025,086 17,312,431 12,745,173 17,253,787 15,274,883 15,775,334 13,848,402 15,069,720
Sewer service 10,363,603 10,590,688 11,184,565 11,655,528 11,522,025 13,099,783 13,697,532 14,566,975 14,575,907 13,864,099
Garbage collection fees 6,419,446 7,512,194 9,628,798 7,988,795 7,299,273 7,143,536 7,204,013 7,205,029 8,014,628 8,845,145
Parking garage fees 576,892 620,124 673,818 990,735 1,140,833 1,189,443 1,149,277 1,234,799 1,298,034 1,435,290
Operating grants and contributions - - - 17,792 - 3,746 9,718 982 291,366 668,322
Capital grants and contributions 4,677,465 4,041,105 5,349,125 6,846,033 11,703,025 3,857,585 6,890,916 5,345,176 7,309,230 9,596,813
Total business-type activities program revenues 93,107,487 100,286,584 115,648,804 127,733,883 135,573,219 144,169,369 141,023,841 139,866,284 143,151,696 150,911,729
Total primary government program revenues 113,811,817$ 118,351,547$ 132,108,313$ 145,900,857$ 169,316,865$ 162,655,491$ 160,294,924$ 160,506,042$ 166,038,846$ 171,589,555$
CITY OF COLLEGE STATION, TEXAS
CHANGES IN NET POSITION
LAST TEN FISCAL YEARS
(accrual basis of accounting)
Fiscal Year
119
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Net (Expense)/Revenue
Governmental activities (37,056,041)$ (44,184,332)$ (49,584,235)$ (59,700,081)$ (54,033,482)$ (66,480,062)$ (61,717,371)$ (61,519,965)$ (69,376,912)$ (69,519,932)$
Business-type activities 20,070,402 17,053,089 20,384,353 24,472,415 18,545,261 23,309,663 22,956,601 21,038,515 13,609,041 36,823,608
Total primary government net expense (16,985,639)$ (27,131,243)$ (29,199,882)$ (35,227,666)$ (35,488,221)$ (43,170,399)$ (38,760,770)$ (40,481,450)$ (55,767,871)$ (32,696,324)$
General Revenues and Other Changes in Net Assets
Governmental activities:
Taxes
Property taxes 16,646,519$ 18,573,309$ 20,670,112$ 22,769,699$ 24,745,344$ 24,333,373$ 24,978,388$ 26,451,943$ 27,349,234$ 30,936,581$
Sales and mixed beverage taxes 17,082,936 18,449,731 20,241,973 19,873,213 19,751,004 20,717,598 21,878,057 23,506,772 25,141,825 27,302,178
Franchise taxes 2,132,341 1,931,196 2,090,779 2,217,618 2,210,902 2,153,827 2,171,277 2,209,091 2,407,344 2,653,641
Hotel taxes 2,671,417 2,980,250 3,585,512 3,574,649 3,387,041 3,558,042 3,643,887 4,393,867 5,127,808 5,336,661
Unrestricted investment earnings 3,415,849 4,512,575 3,385,844 1,413,431 265,424 368,868 283,648 252,308 195,863 379,537
Gain (Loss) on sale of capital assets - - - - (24,596) - - 1,827,783 6,818,583
Transfers 8,850,453 10,090,589 7,559,165 12,778,642 15,337,330 13,562,095 12,502,186 12,039,798 12,935,733 13,037,208
Total governmental activities 50,799,515 56,537,650 57,533,385 62,627,252 65,672,449 64,693,803 65,457,443 68,853,779 74,985,590 86,464,389
Business-type activities:
Unrestricted investment earnings 1,829,456 1,932,624 1,330,785 654,882 420,236 341,698 316,035 174,170 120,006 187,322
Transfers (8,850,453) (10,090,589) (10,433,954) (12,778,642) (15,337,330) (13,562,095) (12,502,186) (12,039,798) (12,935,733) (13,037,208)
Total business-type activities (7,020,997) (8,157,965) (9,103,169) (12,123,760) (14,917,094) (13,220,397) (12,186,151) (11,865,628) (12,815,727) (12,849,886)
Total primary government 43,778,518$ 48,379,685$ 48,430,216$ 50,503,492$ 50,755,355$ 51,473,406$ 53,271,292$ 56,988,151$ 62,169,863$ 73,614,503$
Change in net position
Governmental activities 13,743,474$ 12,353,318$ 7,949,150$ 2,927,171$ 11,638,967$ (1,786,259)$ 3,740,072$ 7,333,814$ 5,608,678$ 16,944,457$
Business-type activities 13,049,405 8,895,124 11,281,184 12,348,655 3,628,167 10,089,266 10,770,450 9,172,887 793,314 23,973,722
Total primary government 26,792,879$ 21,248,442$ 19,230,334$ 15,275,826$ 15,267,134$ 8,303,007$ 14,510,522$ 16,506,701$ 6,401,992$ 40,918,179$
Source: City of College Station
(accrual basis of accounting)
LAST TEN FISCAL YEARS
CHANGES IN NET POSITION - Continued
CITY OF COLLEGE STATION, TEXAS
Fiscal Year
120
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
Governmental activities:
Police 3,875,900$ 3,713,866$ 4,533,697$ 5,004,712$ 5,161,486$ 4,596,713$ 4,174,931$ 3,650,964$ 3,498,374$ 663,419$
Fire 817,910 1,400,464 1,137,759 3,551,620 2,199,375 1,952,851 1,936,311 1,948,961 1,777,507 2,259,979
Public works 8,768,809 6,470,655 4,312,571 4,445,595 15,313,779 5,796,384 5,609,036 8,711,394 8,578,862 4,798,615
Parks and recreation 1,244,476 1,420,284 1,932,001 2,117,227 3,816,773 3,330,986 3,196,969 2,576,020 2,934,766 3,103,886
Library - - - - - - 13,200 - - -
Planning and development services 1,091,848 1,306,690 1,357,037 1,051,943 1,075,342 1,296,213 1,650,017 1,493,021 1,730,441 1,885,563
Information technology - - - - - 15,500 - - - 72
Fiscal services 547,790 409,100 684,666 38,377 100,495 215,626 542,689 666,103 1,028,531 2,956,304
General government 4,357,597 3,343,904 2,501,778 1,957,500 5,124,710 1,281,849 2,095,173 1,593,295 3,338,669 5,009,988
Capital improvement program - - - - 951,686 - 52,757 - - -
Subtotal governmental activities 20,704,330 18,064,963 16,459,509 18,166,974 33,743,646 18,486,122 19,271,083 20,639,758 22,887,150 20,677,826
Business-type activities:
Electric 62,284,935 69,033,816 77,419,441 84,552,573 92,530,434 102,516,252 98,200,411 96,283,238 98,872,262 105,438,676
Water 12,409,728 11,314,888 14,115,391 19,065,662 17,118,922 18,710,635 16,905,503 19,167,542 15,854,663 17,157,749
Wastewater 11,416,486 11,805,562 13,811,356 15,100,534 15,208,551 14,584,557 15,844,190 15,946,613 17,072,780 15,871,321
Sanitation 6,419,446 7,512,194 9,628,798 8,006,587 9,574,489 7,147,282 8,914,742 7,233,110 10,053,957 10,985,994
Northgate parking 576,892 620,124 673,818 990,735 1,140,833 1,206,897 1,149,277 1,234,799 1,298,034 1,457,989
Subtotal business-type activities 93,107,487 100,286,584 115,648,804 127,716,091 135,573,229 144,165,623 141,014,123 139,865,302 143,151,696 150,911,729
Total primary government 113,811,817$ 118,351,547$ 132,108,313$ 145,883,065$ 169,316,875$ 162,651,745$ 160,285,206$ 160,505,060$ 166,038,846$ 171,589,555$
Source: City of College Station
Fiscal Year
CITY OF COLLEGE STATION, TEXAS
PROGRAM REVENUES BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
(accrual basis of accounting)121
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
General fund
Nonspendable -$ -$ -$ 62,390$ 70,516$ 58,548$ -$ 59,426$ 64,594$ 63,679$
Restricted - - - 95,220 849,622 925,798 868,799 266,573 - -
Assigned - - - 1,663,400 1,794,416 537,586 436,979 972,632 1,457,390 2,433,744
Unassigned - - - 7,557,419 11,101,327 12,871,125 15,186,915 14,626,901 18,722,265 19,925,641
Reserved 1,523,619 1,108,449 2,305,476 - - - - - - -
Unreserved 9,448,389 11,824,140 9,679,913 - - - - - - -
Total general fund 10,972,008$ 12,932,589$ 11,985,389$ 9,378,429$ 13,815,881$ 14,393,057$ 16,492,693$ 15,925,532$ 20,244,249$ 22,423,064$
All other governmental funds
Nonspendable -$ -$ -$ 859,654$ 8,235,642$ 7,890,137$ 6,943,250$ 6,667,812$ 6,485,508$ 6,244,189$
Restricted - - - 39,375,368 54,421,910 27,404,127 35,688,123 39,327,653 58,993,882 55,139,903
Commited - - - 2,627,403 2,764,227 3,149,243 3,618,354 4,008,439 4,130,069 14,792,873
Assigned - - - 609,113 - - - - - -
Unassigned - - - 545,024 - - - - - -
Reserved 49,111,974 46,372,274 48,819,538 - - - - - - -
Unreserved, reported in:
Special revenue funds 7,462,140 10,148,840 11,526,009 - - - - - - -
Total all other governmental funds 56,574,114$ 56,521,114$ 60,345,547$ 44,016,562$ 65,421,779$ 38,443,507$ 46,249,727$ 50,003,904$ 69,609,459$ 76,176,965$
Source: City of College Station
Note: The City implemented GASB Statement 54 in 2009; schedules presenting governmental fund balance reclassifications begin in that year.
Fiscal Year
CITY OF COLLEGE STATION, TEXAS
FUND BALANCES, GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)122
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revenues
Taxes 38,533,213$ 41,934,486$ 46,588,376$ 48,435,179$ 49,901,803$ 50,762,840$ 52,671,608$ 55,652,419$ 59,018,199$ 65,141,780$
Licenses and permits 945,593 1,191,105 1,154,902 1,007,151 964,344 1,091,983 1,496,989 1,240,300 1,438,082 1,500,777
Intergovernmental 3,144,254 2,038,535 1,707,957 1,896,623 5,022,822 2,143,573 2,759,219 1,749,805 3,234,317 2,734,763
Charges for services 2,925,281 3,339,352 3,790,147 3,543,064 6,042,105 6,113,497 5,616,379 5,918,397 6,236,531 6,318,722
Fines, forfeits and penalties 3,285,907 3,256,488 3,798,313 4,491,960 4,500,447 4,120,077 3,896,477 3,462,197 3,231,069 2,900,196
Special assessments 1,290,935 1,199,565 1,255,525 1,793,174 - - - - - -
Investment income 3,066,642 3,864,797 2,886,636 1,125,382 206,648 368,868 283,648 252,308 195,863 379,540
Rents and royalties 244,864 261,225 279,004 769,150 749,635 589,528 852,738 753,401 639,267 136,228
Loan repayments - - - - - - - - - -
Contributions 12,281 31,605 27,213 26,997 605,953 825,532 1,244,973 799,048 1,263,644 1,445,953
Reimbursed expenditures 145,749 479,675 46,038 413,751 - - - - - -
Other revenues 447,432 738,415 1,046,431 403,548 267,695 730,747 426,218 312,473 674,439 3,386,931
Total revenues 54,042,151 58,335,248 62,580,542 63,905,979 68,261,452 66,746,645 69,248,249 70,140,348 75,931,411 83,944,890
Expenditures
Police 11,559,669 12,556,678 13,219,117 14,107,740 13,816,620 14,931,212 15,521,284 16,550,111 17,093,860 18,547,794
Fire 8,493,228 9,622,195 11,251,400 11,754,088 11,418,948 11,444,702 12,578,396 13,297,527 13,585,022 14,881,983
Public works 7,116,329 7,440,854 7,182,443 7,920,003 7,123,885 6,677,986 7,343,092 7,397,942 8,632,149 10,272,535
Parks and recreation 7,520,189 8,167,857 9,071,198 9,355,301 8,930,388 9,388,765 8,131,413 7,883,904 7,712,597 8,547,083
Library 870,203 912,527 993,102 1,119,771 1,080,030 1,061,581 1,072,551 994,476 1,078,851 1,138,568
Planning and development services 1,877,732 2,008,901 2,281,747 2,871,341 2,568,464 3,327,495 4,698,749 4,268,854 4,933,780 3,246,431
Information technology 2,596,591 3,070,524 3,366,764 3,299,105 3,887,102 3,902,082 3,844,107 4,271,209 4,214,958 4,112,987
Fiscal services 3,050,533 3,013,548 3,573,686 3,836,786 3,635,009 3,353,387 3,106,265 3,205,204 3,260,242 3,568,357
General government 4,216,582 4,699,159 7,319,662 5,435,355 7,401,157 6,438,313 4,102,550 3,825,760 5,108,448 5,916,111
Capital improvement projects - - 715,707 476,462 132,880 648,589 788,032 733,974 731,621 -
Capital outlay 11,610,189 14,213,574 19,538,322 31,931,401 9,765,151 11,501,926 14,341,717 8,802,719 12,636,334 9,654,509
Contributions 1,995,564 1,855,961 2,151,592 2,489,562 2,266,558 2,063,489 2,435,820 2,800,159 3,281,991 3,611,760
Reimbursed administrative (3,335,264) (3,305,040) (3,772,362) - - - - - - -
Claims - - - - 1,600,000 - - - - -
Community development block grant 340,399 215,707 - - - - - - - -
Home grant 840,211 323,811 - - - - - - - -
Other expenditures 108,527 147,860 204,338 487,163 438,757 750,135 1,380,837 1,964,156 679,772 222,057
CITY OF COLLEGE STATION, TEXAS
CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
Fiscal Year
123
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Debt service
Principal 7,285,000 7,820,000 8,530,000 7,935,000 8,050,000 8,085,412 8,120,000 8,245,000 8,650,000 9,110,000
Interest 4,078,635 4,212,245 3,892,490 4,114,356 4,133,633 3,698,324 3,696,245 3,747,520 3,707,799 4,220,656
Issuance costs - - - - - - - 154,660 39,719 7,862
Fiscal charges 152,729 527,806 70,796 46,551 227,765 384,196 127,671 - - -
Intergovernmental 743,117 342,630 881,604 745,908 - 924,941 294,103 301,061 489,817 151,289
Total expenditures 71,120,163 77,846,797 90,471,606 107,925,893 86,476,347 88,582,535 91,582,832 88,444,236 95,836,960 97,209,982
Deficiency of revenues under expenditures (17,078,012) (19,511,549) (27,891,064) (44,019,914) (18,214,895) (21,835,890) (22,334,583) (18,303,888) (19,905,549) (13,265,092)
Other Financing Sources (Uses)
Proceeds from long-term debt 15,700,000 7,890,000 19,970,000 9,815,000 20,685,000 1,977,134 11,727,994 14,505,000 31,895,000 -
Proceeds from refunding bonds - 10,255,000 - - 4,265,000 11,250,000 - - - -
Payment to bond escrow agent - (10,451,378) - - (4,283,647) (12,322,570) - - - -
Advance Refunding - - - - - - (11,432,308) (6,054,452) (9,755,695) -
Premium on bonds issued - 373,648 - - 75,183 1,172,234 1,132,812 951,174 3,624,222 -
Sale of capital assets 17,500 318,103 10,981 505,606 5,615 8,690 - - 4,582,111 8,974,205
Transfers in 11,864,435 15,054,935 13,828,414 22,680,922 16,054,544 19,382,145 22,313,561 18,629,471 20,798,696 27,852,930
Transfers out (2,371,662) (2,021,178) (3,041,098) (8,494,139) (673,081) (7,783,625) (9,385,160) (6,540,298) (7,314,513) (14,815,722)
Total other financing sources 25,210,273 21,419,130 30,768,297 24,507,389 36,128,614 13,684,008 14,356,899 21,490,895 43,829,821 22,011,413
Net change in fund balances 8,132,261$ 1,907,581$ 2,877,233$ (19,512,525)$ 17,913,719$ (8,151,882)$ (7,977,684)$ 3,187,007$ 23,924,272$ 8,746,321$
Debt services as a percentage of noncapital
expenditures 19.1%18.9%17.5%15.9%15.9%15.3%15.3%15.1%14.9%15.2%
Source: City of College Station
Fiscal Year
CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS - Continued
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
CITY OF COLLEGE STATION, TEXAS
124
Fiscal Year Property Sales Hotel Franchise Mixed Drink Total
2006 16,646,519$ 16,752,174$ 2,671,417$ 2,132,341$ 330,762$ 38,533,213$
2007 18,573,309 18,077,973 2,980,250 1,931,196 371,758 41,934,486
2008 20,670,112 19,822,906 3,585,512 2,090,778 419,067 46,588,375
2009 22,769,698 19,438,179 3,574,649 2,217,619 435,034 48,435,179
2010 24,523,184 19,328,578 3,416,713 2,210,902 422,426 49,901,803
2011 24,333,373 20,292,871 3,558,042 2,153,827 424,727 50,762,840
2012 24,978,388 21,498,319 3,643,887 2,171,277 379,737 52,671,608
2013 25,542,689 23,064,035 4,393,867 2,209,091 442,737 55,652,419
2014 26,341,222 24,565,649 5,127,808 2,407,344 576,176 59,018,199
2015 29,849,300 26,687,963 5,336,661 2,653,641 614,215 65,141,780
Change
2006-2015 79.3%59.3%99.8%24.4%85.7%69.1%
Source: City of College Station
Notes:
Property taxes include general fund, debt service fund, TIRZ
Northgate TIF(2008-2009) and Wolf Pen Creek TIF (1996 - 2010).
CITY OF COLLEGE STATION, TEXAS
TAX REVENUE BY SOURCE, GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)125
Taxable Assessed
Commercial Personal, Inventory Value as a
Residential and Industrial and Other Less Exemptions Less TIF (1)Total Taxable Total Direct Estimated Actual Percentage of
Fiscal Year Property Property Property and Abatements Captured Value Assessed Value Tax Rate Taxable Value Actual Taxable Value
2006 2,530,659,165$ 931,255,843$ 798,179,118$ 614,609,545$ 45,750,172$ 3,599,734,409$ 0.439400 3,599,734,409$ 100.00%
2007 2,849,558,106 1,020,242,352 828,757,366 643,387,278 50,131,743 4,005,038,803 0.439400 4,005,038,803 100.00%
2008 3,200,809,497 1,141,458,255 881,095,548 677,645,852 68,644,309 4,477,073,139 0.439400 4,477,073,139 100.00%
2009 3,606,901,737 1,191,974,529 927,276,877 701,998,930 78,082,864 4,946,071,349 0.439400 4,946,071,349 100.00%
2010 3,941,112,015 1,236,193,238 1,069,742,963 856,257,215 69,373,412 5,321,417,589 0.439400 5,321,417,589 100.00%
2011 4,087,540,319 1,209,126,533 1,029,151,665 870,386,056 - 5,455,432,461 0.447543 5,455,432,461 100.00%
2012 4,280,768,585 1,295,254,729 1,069,727,466 907,135,778 - 5,738,615,002 0.437995 5,738,615,002 100.00%
2013 4,466,234,632 1,321,942,044 1,185,964,447 1,029,828,136 - 5,944,312,987 0.430687 5,944,312,987 100.00%
2014 4,713,785,311 1,350,665,951 1,323,614,835 1,156,947,087 17,534,345 6,213,584,665 0.425958 6,213,584,665 100.00%
2015 5,408,910,135 1,539,037,597 939,669,648 1,233,016,546 42,671,760 6,611,929,074 0.452500 6,611,929,074 100.00%
Source: Brazos County Appraisal District
Notes:
Assessed value is 100% of the estimated actual value.
(1) Tax increment financing district (TIF).
CITY OF COLLEGE STATION, TEXAS
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
126
Effective General Total College
Fiscal Tax Basic Obligation Direct Station Brazos
Year Rate (used)Rate Debt Service Rate ISD County
2006 No 0.189600 0.249800 0.439400 1.675000 0.465000
2007 No 0.191000 0.248400 0.439400 1.480000 0.455000
2008 No 0.191000 0.248400 0.439400 1.241050 0.465000
2009 No 0.193352 0.246048 0.439400 1.221100 0.480000
2010 No 0.209967 0.229433 0.439400 1.253413 0.480000
2011 Yes 0.227349 0.220194 0.447543 1.309933 0.485600
2012 Yes 0.236459 0.201536 0.437995 1.335033 0.485000
2013 Yes 0.235052 0.195635 0.430687 1.335033 0.485000
2014 Yes 0.232905 0.193053 0.425958 1.320000 0.487500
2015 Yes 0.259447 0.193053 0.452500 1.380000 0.485000
Source: Brazos County Appraisal District
Notes:
(1) Tax rates are established by each taxing jurisdiction on an annual basis for
revenues to be collected in the following fiscal year. The City must publish its
effective and rollback tax rates before adopting an actual tax rate. If the City
adopts a rate that exceeds the rollback rate, voters may petition for an election
to limit the rate to the rollback rate. If the City adopts a rate that exceeds its
effective rate, additional public hearings and notices are required. Rates for
debt service are set based on each year's requirements.
(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.
Overlapping Rates
CITY OF COLLEGE STATION, TEXAS
DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS
(rate per $100 of assessed value)
City Direct Rates
127
Percent of Percent of
of Total City of Total City
Taxable Taxable Taxable Taxable
2015 Assessed Assessed 2005 Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
CCP College Station I, LLC 61,098,101$ 1 0.86%-$
Post Oak Mall - College Station LLC 57,221,280 2 0.80%
Woodridge College Station I, LLC 56,772,000 3 0.79%
College Station Hospital, LP 56,768,410 4 0.79%48,724,190 2 1.34%
SHP-The Callaway House, LP 51,790,840 5 0.73%
BVP 2818 Place, LP 44,260,419 6 0.62%
Culpepper Family, LP 42,526,770 7 0.60%
Weinberg, Israel & David Alkosser 42,274,060 8 0.59%32,014,545 3 0.88%
JamesPoint Management 41,841,798 9 0.59%
CVCS, LLc 39,917,880 10 0.56%
C.B.L. & Associates 50,480,675 1 1.38%
Verizon Communications, Inc 29,663,440 4 0.81%
Walmart Stores East Inc 27,583,820 5 0.76%
Commonwealth Austin CH LP 21,500,740 6 0.59%
University Heights - College Station 20,773,980 7 0.57%
HEB Pantry Foods 20,178,780 8 0.55%
JER College Station Hotel LP 18,350,600 9 0.50%
University Commons - CS PH1 18,260,720 10 0.50%
Source: Brazos County Appraisal District
CITY OF COLLEGE STATION, TEXAS
PRINCIPAL PROPERTY TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
2015 2006
128
Fiscal
Year Taxes Levied Collections
Ended for the Percentage in Subsequent Percentage
Sept 30 Fiscal Year Amount of Levy Years Amount of Levy
2006 16,162,073$ 15,938,981$ 98.62%147,450$ 16,086,430$ 99.53%
2007 17,818,419 17,697,220 99.32%39,782 17,737,002 99.54%
2008 19,973,882 19,773,036 98.99%112,323 19,885,359 99.56%
2009 22,076,134 21,795,748 98.73%170,098 21,965,846 99.50%
2010 23,623,086 23,435,105 99.20%84,014 23,519,119 99.56%
2011 24,323,279 24,136,088 99.23%82,452 24,218,540 99.57%
2012 24,979,685 24,762,625 99.13%100,460 24,863,084 99.53%
2013 25,503,096 25,326,360 99.31%51,504 25,377,864 99.51%
2014 26,407,915 26,213,476 99.26%4,545 26,218,022 99.28%
2015 29,803,314 29,414,950 98.70%- 29,414,950 98.70%
Sources: City of College Station and Brazos County Tax Office
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collected within the
Fiscal Year of the Levy Total Collections to Date
129
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Utilities 16,684$ 19,336$ 22,403$ 25,483$ 26,442$ 27,724$ 32,048$ 29,102$ 29,956$ 29,451$
Construction 12,076 13,918 15,818 15,768 10,617 10,070 10,900 12,743 12,053 14,804
Manufacturing 12,926 13,066 13,200 16,391 12,221 9,620 6,823 7,433 7,941 9,013
Wholesale Trade 25,939 17,482 8,759 13,761 9,856 10,770 19,556 23,573 26,941 23,240
Retail Trade 563,662 608,940 686,271 693,673 653,561 678,041 699,715 738,897 777,632 829,563
Information 14,409 14,082 12,148 15,427 15,654 16,907 16,984 18,261 21,546 28,076
Finance and Insurance 130 216 541 752 706 840 1,043 1,044 1,336 1,702
Real Estate and Rental/Leasing 12,024 15,679 16,249 18,326 9,288 9,456 9,314 9,785 11,411 13,781
Professional, Scientific and Tech Services 8,692 9,530 11,074 26,234 25,694 13,142 12,901 12,716 14,518 13,942
Administrative, Support, Waste Mgmt, Remediation 15,133 16,462 15,054 18,362 17,610 16,831 17,381 19,645 21,080 23,538
Educational Services 26,252 2,209,091 32,502 27,645 35,351 34,952 37,434 43,135 43,173 40,762
Health Care and Social Assistance 2,547 2,873 4,051 2,888 2,301 2,049 1,920 2,116 3,103 3,933
Arts, Entertainment and Recreation 6,781 6,949 7,399 9,168 8,671 8,470 9,325 9,488 11,070 14,400
Accommodation and Food Services 158,267 169,900 185,723 205,967 204,731 208,597 217,445 238,186 256,716 293,803
Other Services 38,894 17,069 14,539 15,782 15,338 15,890 16,274 18,594 22,322 25,305
Total 914,416$ 3,134,593$ 1,045,731$ 1,105,627$ 1,048,041$ 1,063,359$ 1,109,063$ 1,184,718$ 1,260,798$ 1,365,313$
City direct sales tax rate 1.50%1.50%1.50%1.50%1.50%1.50%1.50%1.50%1.50%1.50%
Source: Texas State Comptroller of Public Accounts
Notes: Taxable sales information is not available on a fiscal-year basis.
CITY OF COLLEGE STATION, TEXAS
TAXABLE SALES BY CATEGORY
LAST TEN CALENDAR YEARS
(in thousands of dollars)130
City Brazos State of
Fiscal Year Direct Rate County Texas
2006 1.50%0.50%6.25%
2007 1.50%0.50%6.25%
2008 1.50%0.50%6.25%
2009 1.50%0.50%6.25%
2010 1.50%0.50%6.25%
2011 1.50%0.50%6.25%
2012 1.50%0.50%6.25%
2013 1.50%0.50%6.25%
2014 1.50%0.50%6.25%
2015 1.50%0.50%6.25%
Source: Texas State Comptroller of Public Accounts
CITY OF COLLEGE STATION, TEXAS
DIRECT AND OVERLAPPING SALES TAX RATES
LAST TEN FISCAL YEARS
131
Number Percentage Tax Percentage Number Percentage Tax Percentage
of Outlets of Total Liability of Total of Outlets of Total Liability of Total
Retail trade 1,039 60.69%11,109$ 80.98%1,348 52.46%16,850$ 82.24%
Services 174 10.16%361 2.63%328 12.77%630 3.08%
Wholesale trade 45 2.63%196 1.43%81 3.15%349 1.70%
Utilities, transportation, communications 14 0.82%527 3.84%16 0.62%478 2.33%
Manufacturing 46 2.69%194 1.41%99 3.85%135 0.66%
Construction 67 3.91%182 1.33%117 4.55%222 1.08%
Agriculture, forestry, and fishing 2 0.12%- 0.00%6 0.23%- 0.00%
Finance, insurance, real estate 49 2.86%182 1.33%55 2.14%232 1.13%
All other outlets 276 16.12%967 7.05%520 20.23%1,594 7.78%
Total 1,712 100.00%13,718$ 100.00%2,570 100.00%20,488$ 100.00%
Source: Texas State Comptroller of Public Accounts
Notes:
Tax liability information is not available on a fiscal-year basis.
Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the
sources of the City's revenue.
Calendar Year 2005 Calendar Year 2014
CITY OF COLLEGE STATION, TEXAS
SALES TAX REVENUE PAYERS BY INDUSTRY
CALENDAR YEARS 2005 AND 2014
(dollars are in thousands)132
General Utility Utility Revenue Utility Revenue Total Percentage
Fiscal Obligation Certificates of Revenue Certificates General Certificates General Primary of Personal Per
Year Bonds Obligation Bonds of Obligation Obligation Bonds of Obligation Obligation Bonds Government Income Capita
2006 53,835,000$ 34,905,000$ 91,460,000$ -$ -$ 8,580,000$ -$ 188,780,000$ - 2,304
2007 55,720,000 33,500,000 105,215,000 - - 8,240,000 - 202,675,000 16.52%2,409
2008 60,695,000 39,965,000 99,560,000 - - 23,820,000 - 224,040,000 17.12%2,576
2009 59,145,000 38,575,000 93,755,000 4,530,000 - 47,755,000 - 243,760,000 14.04%2,682
2010 75,020,000 35,675,000 87,745,000 4,970,000 3,830,000 48,970,000 - 256,210,000 15.08%2,742
2011 78,055,000 26,085,000 54,495,000 4,765,000 3,070,000 50,185,000 25,585,000 242,240,000 15.20%2,560
2012 75,695,000 21,415,000 45,060,000 4,550,000 2,690,000 58,535,000 33,590,000 241,535,000 12.77%2,492
2013 79,710,000 17,160,000 34,765,000 4,330,000 2,300,000 66,695,000 36,930,000 241,890,000 13.94%2,504
2014 89,050,000 21,805,000 14,920,000 4,100,000 1,905,000 87,210,000 47,995,000 266,985,000 12.65%2,624
2015 81,855,000 19,890,000 13,395,000 87,305,000 44,670,000 - - 247,115,000 10.88%2,366
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements.
In 2009 the Parking Garage Fund began paying for the Parking Garage debt. In 2010 the Parking Garage Certificates of Obligation were refunded and became General Obligation Debt.
Business-Type ActivitiesGovernmental Activities
LAST TEN FISCAL YEARS
OUTSTANDING DEBT BY TYPE
CITY OF COLLEGE STATION, TEXAS
133
General Percentage of
Obligation Less Debt Service Net Actual Taxable
Fiscal Year Bonds Cash Funds Bonded Debt Value of Property Per Capita
2006 53,835,000$ 1,645,563$ 52,189,437$ 1.45%637
2007 55,720,000 2,060,709 53,659,291 1.34%638
2008 60,695,000 2,573,421 58,121,579 1.30%668
2009 59,145,000 3,125,126 56,019,874 1.13%611
2010 75,020,000 4,115,689 70,904,311 1.33%759
2011 78,055,000 4,007,146 74,047,854 1.36%782
2012 75,695,000 3,320,293 72,374,707 1.26%750
2013 79,710,000 3,032,594 76,677,406 1.29%794
2014 89,050,000 2,839,310 86,210,690 1.39%847
2015 126,525,000 2,560,216 123,964,784 1.89%1,187
Source: City of College Station
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements.
CITY OF COLLEGE STATION, TEXAS
RATIOS OF NET GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
134
Estimated Estimated Share
Debt Percentage of Direct and
Governmental Unit Outstanding Applicablea Overlapping Debt
Debt repaid with property taxes
College Station I.S.D.265,990,000$ 88.50%235,401,150$
Brazos County 82,990,000 47.07%39,063,393
Bryan I.S.D.170,915,000 2.05%3,503,758
Other debt
College Station I.S.D.- 0.00%-
Brazos County - 0.00%-
Bryan I.S.D. Capital Lease - 0.00%-
Subtotal, overlapping debt 277,968,301
City direct debt 101,745,000
Total direct and overlapping debt 379,713,301$
Sources: Debt outstanding data provided by each governmental unit. Assessed value data used to estimate applicable
percentages provided by the Brazos County Appraisal District.
Notes:
Overlapping governments are those that coincide, at least in part, with the geographical boundaries of the City.
This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the
residents and businesses of College Station. This process recognizes that, when considering the City's ability to
issue and repay long-term debt, the entire debt burden for the residents and businesses should be taken into
account. However, this does not imply that every taxpayer is a resident and therefore responsible for repaying the
debt of each overlapping government.
a For debt repaid with property taxes, the percentage of overlapping debt is estimated using taxable assessed property
values. Applicable percentages were estimated by determining the portion of another governmental unit's
taxable assessed value that is within the City's boundaries and dividing it by each unit's total assessed value.
CITY OF COLLEGE STATION, TEXAS
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF SEPTEMBER 30, 2015
135
The City has no general obligation legal debt limit other than a ceiling on the ad valorem
tax rate as specified by the State of Texas. The prescribed maximum is $2.50 per $100
at 100% valuation.
CITY OF COLLEGE STATION, TEXAS
LEGAL DEBT MARGIN INFORMATION
SEPTEMBER 30, 2015
136
Utility Less:Net Average Maximum
Service Operating Available Debt Service Annual Debt Service Annual
Fiscal Year Charges Expenses Revenue Total Coverage Total Coverage
2006 80,787,029$ 54,432,847$ 26,354,182$ 6,423,582$ 4.10 9,163,574$ 2.88
2007 87,911,120 63,514,543 24,396,577 7,389,770 3.30 10,408,958 2.34
2008 99,610,432 73,195,783 26,414,649 8,620,759 3.06 12,245,949 2.16
2009 108,367,552 80,848,570 27,518,982 9,834,136 2.80 13,870,272 1.98
2010 115,430,088 91,551,103 23,878,985 8,976,012 2.66 13,669,444 1.75
2011 127,985,835 96,938,864 31,046,971 8,675,457 3.58 13,635,526 2.28
2012 124,905,906 88,927,662 35,978,244 7,009,717 5.13 10,670,889 3.37
2013 125,581,359 90,519,871 35,061,488 9,111,927 3.85 15,372,461 2.28
2014 126,118,088 100,235,329 25,882,759 10,048,709 2.58 16,029,505 .1.61
2015 131,021,388 82,116,301 48,905,087 9,733,931 5.02 16,195,604 3.02
Source: City of College Station
Notes:
Details regarding the City's outstanding debt can be found in the notes to the financial statements.
Operating expenses do not include interest, depreciation, or amortization expense.
Maximum Debt Service Total includes Utility Revenue Bonds , Certificates of Obligation and GO Refunding Bonds that have been issued for Utility projects.
The coverage ratios presented in this schedule are formulas required by bond resolutions. The bond resolutions require that net revenues equal
at least 1.4 times the average annual debt service on all revenue bonds and other indebtedness payable from those revenues. The bond resolutions
also require that net revenues equal at least 1.25 times the maximum annual debt service on all revenue bonds and other indebtedness payable
from those revenues.
CITY OF COLLEGE STATION, TEXAS
LAST TEN FISCAL YEARS
Utility Revenue Bonds, Certificates of Obligation, and General Obligation Refunding Bonds
PLEDGED-REVENUE COVERAGE
137
Personal Income
Calendar (thousands Per Capita Unemployment
Year Population of dollars)Personal Income Rate %
2005 81,930 1,226,974 14,976 3.7
2006 84,116 1,308,384 15,555 3.9
2007 86,982 1,736,221 19,961 3.8
2008 90,897 1,699,361 18,695 4.1
2009 93,450 1,594,056 17,058 5.3
2010 94,642 1,891,621 19,987 5.9
2011 96,603 1,734,731 17,957 6.3
2012 97,534 1,945,242 19,944 5.9
2013 99,918 2,110,139 21,119 4.9
2014 102,117 2,270,453 22,234 3.1
Sources: City of College Station Planning Division (population)
U. S. Census Bureau, American Community Survey (personal income)
Texas Workforce Commission (unemployment rate)
Notes:
Personal income information for the City of College Station is only available for calendar
years 2005-2012.
unemployment rate.
unemployment rates. Along with the new calculation method, Robertson and Grimes County
were added to the Bryan/College Station MSA. The net result is an increase in the area's
CITY OF COLLEGE STATION, TEXAS
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN CALENDAR YEARS
In 2005, the Bureau of Labor Statistics introduced a new methodology for calculating
138
2015 2006
Employer Employer
Baylor Scott & White Clinic Brazos County
Brazos County Bryan ISD
Bryan ISD City of Bryan
City of Bryan City of College Station
City of College Station College Station ISD
College Station ISD HEB Grocery Company LP
Reynolds & Reynolds Sanderson Farms Inc
Sanderson Farms, Inc.St Joseph Hospital
CHI St.Joseph Regional Hospital Texas A&M University
Texas A&M University System Wal-Mart Associates Inc
Source: Texas Workforce Commission (TWC), Labor Market/Career Information
Department, Research Valley Partnership
Notes:
Data includes principal employers in Brazos County.
Employers are listed in alphabetical order and do not reflect any ranking.
The TWC ranking and number of employees data is confidential.
PRINCIPAL AREA EMPLOYERS
LAST CALENDAR YEAR AND NINE YEARS PRIOR
CITY OF COLLEGE STATION, TEXAS
139
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
Police 155.1 163.5 168.5 176.0 169.0 180.5 182.5 192.5 196.5 206.5
Fire 110.6 119.0 125.0 121.0 118.0 120.5 139.0 139.0 140.0 152.0
Public Works 112.6 114.5 106.5 113.0 94.0 96.0 114.0 116.0 118.0 124.0
Parks and Recreation 119.8 123.5 131.0 133.0 133.0 119.0 117.0 111.5 105.5 106.5
Planning and Development Services 27.1 24.5 34.0 37.0 41.0 54.0 58.5 56.5 56.0 52.0
Information Services 36.6 28.5 33.0 32.0 30.5 30.0 30.5 29.5 30.5 30.5
Fiscal Services 70.1 71.0 72.5 70.5 70.0 66.5 69.8 68.8 69.8 72.8
General Government 37.8 58.5 71.0 79.5 75.0 61.5 37.5 36.5 37.5 47.0
Electric 56.0 56.5 58.0 65.0 64.0 63.5 67.5 69.5 70.5 74.5
Water / Sewer Services 71.8 71.0 67.5 76.5 70.5 74.0 77.0 77.0 78.0 84.5
BVSWMA 24.0 22.0 25.5 25.0 23.5 22.0 22.0 -- -
Capital Project n/a n/a 10.0 10.0 9.0 9.0 --- -
Total 821.5 852.5 902.5 938.5 897.5 896.5 915.3 896.8 902.3 950.3
Source: City of College Station
Full-time-equivalent employees include full time, part time, and seasonal/temporary employees on staff as of September 30.
During the fiscal year ended September 30, 2012, management of BVSWMA, Inc. negotiated the end of the borrowed employee agreement with the City of College
Station. A majority of the employees covered under the "Borrowed Employee Agreement" are now employees of BVSWMA Inc.
CITY OF COLLEGE STATION, TEXAS
FULL-TIME-EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Fiscal Year
140
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
General Government
Open records requests 199 199 155 164 123 240 194 233 432 531
Economic development prospects 31 19 18 23 55 31 25 36 35 37
Code enforcement cases processed 5,984 4,838 5,148 6,248 5,268 4,701 5,011 4,517 7,941 9,600
Non-profit agencies/contracts monitored 13 7 10 9 10 8 7 8 7 7
Applicants receiving homebuyers assistance 9 6 3 4 6 3 15 8 4 4
Police
DUI/DWI arrests 414 493 458 430 449 571 551 473 474 400
Citations processed 34,134 38,046 10,384 17,275 22,224 42,690 39,145 31,348 29,187 25,070
Uniform patrol calls handled 60,159 58,303 57,661 48,297 58,656 61,283 63,000 75,988 71,373 53,259
Average response time on high priority calls 6:15 mins 6:17 mins 6.06 mins 6:18 mins 6:52 mins 6:41 mins 6:38 mins 4:31 mins 7:10 mins 7:46 mins
Criminal investigation new cases assigned 2,368 2,256 2,635 2,590 2,098 2,582 2,089 2,158 1,894 2,196
Note: In FY08 an e-citation program was implemented thus reducing the number of paper citations processed.
Fire
Fire incidents (fire, rescue, and haz mat)1,743 1,832 1,992 2,008 2,301 1,813 1,751 2,608 2,974 2,489
Business safety inspections 828 1,018 947 760 1,364 1,151 907 889 1,345 563
EMS incidents 3,048 3,773 4,718 5,367 5,414 5,407 6,814 4,846 5,170 5,959
EMS unit responses 5,276 5,476 5,369 5,051 5,646 6,090 6,295 8,188 9,435 10,099
Public Works
Street overlay lane miles 19 19 15 9 2 11 10 13 13 12
Potholes repaired 24,778 21,506 20,546 18,000 68,548 67,448 70,515 62,596 61,439 25,392
Curb miles swept 7,235 6,040 6,955 5,620 5,595 6,244 7,131 5,826 6,311 6,672
Note: In FY10 number of potholes repaired went to number of square feet repaired.
Parks and Recreation
Instructional participants 3,075 3,432 3,538 3,077 3,112 2,765 1,835 1,600 2,495 2,598
Pool customers 146,805 128,206 142,605 138,785 93,302 114,458 144,059 128,081 73,229 81,083
LAST TEN FISCAL YEARS
OPERATING INDICATORS BY FUNCTION/PROGRAM
CITY OF COLLEGE STATION, TEXAS
Fiscal Year
141
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
Planning and Development Services
Permits processed 6,575 7,583 6,647 5,819 5,972 6,026 5,600 3,991 4,446 7,766
Building inspections performed 13,069 13,398 13,814 12,938 12,379 11,583 12,100 12,945 13,859 16,069
Parking citations issued 8,452 7,238 9,460 9,686 6,763 4,488 6,530 6,868 7,320 7,515
Community enhancement cases 7,384 8,631 11,885 11,622 11,408 8,632 8,900 6,518 7,941 9,600
Electric
Number of connections 37,590 38,519 37,777 37,818 38,255 37,829 39,123 38,138 19,000 38,224
Average monthly consumption (KWH)61,910,063 60,766,805 64,724,128 64,065,679 65,049,732 68,191,018 65,266,563 64,568,405 66,715,908 69,577,111
Water
Number of units 33,491 34,763 37,075 37,344 37,596 37,565 39,338 40,767 24,847 41,540
Average monthly consumption (MGW)317,438 293,246 324,012 345,170 301,399 408,327 356,791 380,558 343,360 339,840
Sewer
Number of units 31,051 32,034 34,743 34,743 35,853 35,510 36,908 38,688 32,065 40,806
Average daily sewage treatment 5,911 6,502 6,626 6,625 6,700 6,242 6,453 6,500 7,129 7,598
(thousands of gallons)
New services completed 646 521 781 604 377 301 376 319 555 623
Sanitation
Number of users (units)27,181 28,112 29,533 30,750 30,779 30,455 31,573 32,551 23,239 22,210
Residential tons collected 24,964 27,556 22,191 21,406 28,451 22,775 28,991 25,493 26,290 25,573
Residential tons recycled 983 1,060 1,199 1,064 1,053 1,173 1,124 1,010 982 4,809
Commercial tons collected 35,122 38,402 38,709 36,245 36,558 35,133 34,608 36,751 37,856 39,272
Parking garage
Active contract customers 432 472 464 333 524 482 460 354 410 364
Hourly cash customers 108,893 109,028 107,584 104,342 85,210 83,048 80,127 81,624 80,555 80,012
Utility Customer Service
Payments processed 413,088 423,299 443,766 461,557 467,262 436,936 476,999 498,703 495,659 502,752
Incoming calls 85,728 85,842 97,121 96,876 85,212 84,861 94,986 93,075 93,862 94,037
Meters read 618,676 640,554 670,913 694,270 708,672 719,749 732,631 744,298 758,306 776,279
Source: City of College Station various departments
CITY OF COLLEGE STATION, TEXAS
OPERATING INDICATORS BY FUNCTION/PROGRAM - Continued
LAST TEN FISCAL YEARS
Fiscal Year
142
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Function/Program
Police
Patrol units 26 29 29 29 27 33 32 39 39 39
Jail capacity 17 17 17 17 17 17 17 17 17 17
Fire stations 4 4 4 4 4 4 5 6 6 6
Public Works
Streets (linear miles)395 429 438 428 453 474 482 482 493 505
Sidewalks (miles)100 100 100 119 130 138 150 156 162 181
Traffic signals 62 65 66 66 69 70 75 76 77 77
Storm sewers (miles)72 72 72 80 83 83 89 89 95 104
Notes: Storm sewer mileage includes both underground pipes and valley gutters.
Parks and Recreation
Acreage 1,274 1,289 1,306 1,306 1,327 1,327 1,327 1,328 1,412 1,448
Playunits 46 48 47 54 56 57 57 56 61 64
Softball/baseball fields 32 32 35 35 36 36 36 36 41 41
Soccer fields 31 31 29 29 30 30 30 30 35 26
Jogging/walking trails 27 28 29 33 34 34 34 34 41 42
Community centers 3 3 3 3 3 3 3 2 2 2
Pools 3 3 3 3 3 3 3 3 3 3
Pavilions (rentable)6 7 7 6 6 7 7 7 7 6
Notes: Some parks have multiple playunits. Softball/baseball fields include practice fields.
Electric
Peak demand (megawatts)260 355 355 355 305 305 325 325 204 208
Number of substations 5 5 5 5 6 6 6 6 6 7
Distribution lines (miles)394 411 411 432 440 444 438 458 458 471
Water
Water mains (miles)365 367 381 385 396 402 410 415 420 430
Fire hydrants 2,232 2,380 2,453 2,494 2,562 2,614 2,682 2,741 2,798 2,869
Number of wells 8 8 8 8 9 9 9 9 9 9
Water production capacity 23,000 23,000 23,000 26,000 32,000 27,000 30,000 29,000 29,000 31,400
(thousands of gallons per day)
Sewer
Sanitary sewer lines (miles)279 285 301 305 313 319 324 324 324 338
Treatment capacity 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500 11,500
(thousands of gallons per day)
Sanitation
Collection trucks 24 25 25 25 25 25 25 25 26 27
Residential collection containers 16,647 18,135 19,549 20,275 20,671 20,550 21,547 22,470 23,239 24,253
Commercial collection containers 1,569 1,594 1,619 1,644 1,669 1,694 1,719 1,744 1,894 1,916
Fleet number of vehicles 627 651 643 647 662 662 576 570 596 600
Source: City of College Station
LAST TEN FISCAL YEARS
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
CITY OF COLLEGE STATION, TEXAS
Fiscal Year
143