HomeMy WebLinkAboutFY 1993-1994 -- Comprehensive Annual Financial ReportCITY OF
COLLEGE STATION, TEXAS
COMPREHENSIVE
ANNUAL FINANCIAL
REPORT
For the Fiscal Year Ended
September 30, 1994
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
PREPARED BY THE
CITY OF COLLEGE STATION.FINANCE DEPARTMENT
GLENN SCHROEDER, EXECUTIVE DIRECTOR
FOR FISCAL AND HUMAN RESOURCES
. KATHLEEN HUBBARD, ACCOUNTING MANAGER
() Printed on Recycled Paper
CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
Table of Contents
INTRODUCTORY SECTION
Page
Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
GFOA Certificate of Achievement for Excellence in Financial Reporting . . . . . . . . . . . . . . . 15
Organizational Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6
· Principal City Officials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7
FINANCIAL SECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Independent Auditors' Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
General Purpose Financial Statements for the Fiscal Year Ended September 30, 1994:
Combined Balance Sheet -All Fund Types and Account Groups . . . . . . . . . . . . . . . . . 24
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -All
Governmental Fund Types . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -Budget
and Actual (Budgetary Basis) -General, Special Revenue, Debt Service and Capital
Projects Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ·. . . . . . . . . . . . . . . . . . . 30
Combined Statement of Revenues, Expenses and Changes in Retained Earnings -All
Proprietary Fund Types . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Combined Statement of Cash Flows -All Proprietary Fund Types . . . . . . . . . . . . . . . . 33
Notes to General Purpose Financial Statements .. : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Supplemental Combining, Comparative,. Individual Fund and Account Group Statements and
Schedules for the Fiscal Year ended September 30, 1994:
General Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . 68
Schedule of Revenues and Other Financing Sources -Budget and Actual (Budgetary·
Basis) ............................................... ·. . . . 70
Schedule of Expenditures -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . 72
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CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
Special Revenue Funds
Table of Contents
(Continued)
Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84
Combining Statement of Revenues, Expenditures and Changes in Fund Balances . . . 85
Community Development Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actu,al (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Hotel/Motel Tax Fund
Comparative Balance Sheets .............................. ; . . . . . 89
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actual. (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91
Parks Escrow Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94
Debt Service Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96
Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . 97
Capital Projects Funds
Combining Balance Sheet 100
Combining Statement of Revenues, Expenditures and Changes in Fund Balances . . 1 02
Capital Equipment Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 04
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
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CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1982 Series II Bond Fund
Table of Contents
(Continued)
Comparative Balance Sheets .............................. · . . . . . 1 07
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 08
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 09
1 984 Bond Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 0
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2
1989 Bond Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . 11 3
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 4
Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and
Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 5
1 99 1 Bond Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 6
Comparative Statements of Revenues, Expenditures and
Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 7
Schedule of Revenues, Expenditures and Changes in Fund Balance·_ Budget and
Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
Enterprise Funds
Combining Balance Sheet 120
Combining Statement of Revenues, Expenses and Changes in Retained Earnings . . 1 24
Combining Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126
Electric Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 30
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 32
Schedule of Revenues - Budget and Actual (Budgetary Basis) ... : . . . . . . . . 133
Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 134
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CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
Water Fund
Table of Contents
(Continued)
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 36
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 38
Schedule of Revenues -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 139
Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 140
Sewer Fund
Comparative Balance Sheets . . . . . ·. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 42
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144
Schedule of Revenues -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 145
Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 146
Solid Waste Collection Fund
Comparative Balance Sheets . . . . . . . . . . ·. . . . . . . . . . . . . . . . . . . . . . . . . 1 4 7
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 '18
Schedule of Revenues -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 149
Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 150
Proprietary Funds
Schedule for Reconciliation of Revenues and Expenses (Budgetary Basis) to GAAP
Basis Statement of Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 51
Internal Service Funds
Combining Balance Sheet
Combining Statement of Revenues, Expenses and Changes in
154
Retained Earnings (Deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156
Combining Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158
Employee Benefits Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 60
Comparative Statements of Revenues, Expenses and Changes in Deficits . . . . 1 61
Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) . . 162
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CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
Table of Contents
(Continued)
Equipment Replacement Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 63
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 64
Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 165
Landfill Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 66
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings ........... � . . . . . . . . . . . . . . . . . . . 1 67
Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 168
Property and Casualty Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 69
Comparative Statements of Revenues, Expenses and Changes in
Retained Earnings (Deficits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 171
Unemployment Fund
Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7 2
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173
Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 174
Workers' Compensation Fund
Comparative Ba1ance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7 5
Comparative Statements of Revenues, Expenses and
Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176
Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 177
Internal Service Funds .
Schedule for Reconciliation of Revenues and Expenses (Budgetary Basis) to GAAP
Basis Statement of Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178
General Fixed Assets Account Group
Comparative Schedules of General Fixed Assets by Source 183
Schedule of General Fixed Assets by Source -by Function and Activity 184
Schedule of Changes. in General Fixed Assets by Function and Activity 186
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CITY OF COLLEGE STATION, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
ST A TISTICAL SECTION
Table of Contents
(Continued)
General Governmental Revenues and Other Financing Sources 188
General Governmental Expenditures and Other Uses by Function . . . . . . . . . . . . . . . . . . 1 90
Property Tax Levies and Collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192
Assessed Value of Taxable Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
Property Tax Rates, Ratios and Levies -All Direct and Overlapping Governments . , . . . . . 196
Paving Assessment Collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198
Computation of Legal Debt Margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 99
Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita . . . 200
Schedule of Direct and Estimated Overlapping Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . 202
Ratio of Annual Debt Service Expenditures for General Obligation Debt to Total General
Governmental Expenditures and Other Uses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203
Utility Funds -Schedule of Revenue. Bond Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . 204
Total Bank Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205
Construction Permits ........... · . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206
Principal Taxpayers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207
Principal Utility Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208
Miscellaneous Statistical and Demographic Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209
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INTRODUCTORY SECTION
- 1 -
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CITY OF COLLEGE STATION
March 24, 1 995
Honorable Mayor
Members of t h e City Cou n cil
City of Colle ge Station, Texas
Post Office Box 9960 1101 Teicas Avenue
co111e�e Station. Tex.as 71842-9960
764-3500
The C o mp rehensive Annual Financial Re po rt of the City of C o llege Station, Texas ("City"}, for
the fiscal year ended September 30, 1 994, is submitted herewith. This report was prepared
by the City's Accounting Division of the Fiscal and Human Resource Department.
R es ponsi bility for the accuracy of the presented data and the completeness and f ai rn ess of the
presentation, including all disclosures, rests with the City. We beli eve the d at a, as presented,
is accurate in all material respects; that it is presented in a manner designed to fairly set forth
the financial position of the City's various funds; and that all disclosures necessary to enable
the reader to gain the maximum un derstanding of the City 's financial affairs are included.
The Comprehensive Annual Financial Report is presented in three major sections:
introductory, financial, and statistical. The introductory section i n cludes this transmittal letter,
the City's organizational chart and a list of prin cipal elected and appointed officials of the City.
The financial section includes the ge neral purpose finan cial statements and the combining and
individual fund and account group finan cial statements and schedules, as well as the auditors'
report on the financial statements and schedules. The statistical section includes selected
financial and d e mogra phic information, gen erally p resented on a multi-year basis to all ow for
trend analysis of the finances of the City.
The City is req ui red to undergo an annual si ng le audit in conformity with the provisions of the
Single Audit Act of 1984 and U.S. O ffi ce of M ana ge m en t and Budget Ci r cula r A-128, Audits
of State and Local Governments. Information related to this sing le audit, including the
schedule of federal financial assistance, findings and recommendations, and auditors' re po rts
on the internal co nt rol s�ructure and compliance with applica ble laws and regulations, are
reported separately.
This report includes all funds and account groups of the City. The City provides a full range
of municipal services. These services include police and fire protection; the c o nstructi o n and
maintenance of streets, storm drainage, and infrastructure; municipal utilities in the areas of
electric, water, sewer, and solid waste collection and disposal ; recreational activities and
cultural events. The College Station Independent School District is administered by a separate,
Home of Texas A&M universi1tv
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elected board and operates with its own funding sources; therefore, it has not been included
in this report.
THE CITY OF COLLEGE STATION
The City of College Station is in East Central Texas, approximately 140 miles north of the Gulf .
of Mexico, conveniently located 90 miles north of Houston, 165 miles south of Dallas, and
100 miles east of Austin in Brazos County. Of major importance to the City of College Station
is Texas A&M University, located on a 5,200 acre campus within the corporate limits of the
City. Texas A&M University has a significant economic impact on the City, contributing an
estimated $572 million annually to the local economy. Texas A&M University ranked in the
top ten nationally among public institutions in both enrollment and research grants for the
school year beginning in September 1994. The University has approximately 19, 1 00
permanent and part-time employees and has a physical plant valued in.excess of $1.35 billion.
In addition to the University, local employment is provided by more than 75 manufacturing
industries, located in or adjacent to the City, which provide such products as aluminum
windows, business forms, furniture, chemicals, dairy products, feeds and fertilizers, modular
homes, bronze castings, and geophysical survey sensors. A growing research park is located
adjacent to the University. Westinghouse Defense and Electronic Systems Center produces
defense radar-related equipment. Automated Management Systems provides a major
automated accounting servic.e for independent property and casualty insurance agents.
Retail activity in the City is anchored by the 1,000,000square feet of space in Post Oak Mall,
opened in 1982. Major tenants of the shopping center are Sears-Roebuck, Dillard's, Foley's,
Beall's, and J.C. Penney. Major additions to the retail sector during fiscal year 1993-94 are
Toys-A-Us and CineMark Theater, a new sixteen screen theater. Both businesses opened late
in 1993.
Brazos County and the City of College Station have become the major medical center for the
Brazos Valley area. Scott and White opened its first medical clinic in College Station in 1986
and began a major expansion in 1993 that will increase the size of that clinic by some 50,000
square feet to 125,000 square feet. In 1987, the Brazos Valley Medical Center opened a 100
bed full service hospital. Since then, two multi-story professional buildings have been added
to the medical complex. One psychiatric hospital, Desert Hills, serves the Brazos Valley and
is located in College Station.
The City, although not immune to the effects of the collapse of the oil and·real estate markets
in the state of Texas in the mid-1980s, has been somewhat insulated by the dominant effect
of Texas A&M University on the local economy. Ad valorem property valuations were
substantially unchanged from 1986 through 1991 with net valuations remaining at
approximately $1 . 1 billion, as is detailed in the statistical section of this report. Total
valuations in 1994 increased by approximately $87 million over 1993. Additions to the local
economy included residential and commercial development, with significant increases in sales
tax revenues to the municipality in recent years. Oil and gas activity has returned to the
College Station area with the City having permitted 5 well sites during calendar 1994. The
job market in College Station continues to be strong with Brazos County having a net increase
of approximately 900 jobs in 1994 over 1993 to approximately 68,800 total jobs. The
Bryan-College Station area has led the state and the nation with one of the lowest
unemployment levels for the past five years.
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MAJOR INITIATIVES
The City continues to devote significant attention to its municipal infrastructure. General
obligation bonds in the amount of $2,000,000 are projected for issuance in 1995 for major
street and parks construction projects. Construction is underway for the widening and
upgrading of Sebesta Road and an extension to Victoria Avenue to be completed in 1995.
The State of Texas plans to begin adding two lanes to Texas Avenue, bringing the roadway
to a six lane divided thoroughfare. Utility relocation for this project is the responsibility of the
City and is nearly complete. In addition to the widening project, the City is converting from
overhead electrical distribution to underground along major thoroughfares. The City has a
continuing program to reconstruct certain residential and minor collector streets from current
revenues. A priority listing of streets for reconstruction is developed and an annual General
Fund appropriation of approximately $400,000 is devoted to the various residential
reconstruction projects.
In May 1990, the Cities of College Station and Bryan jointly formed the Brazos Valley Solid
Waste Management Agency ("BVSWMA"). BVSWMA was formed in order to achieve
economies of scale in the joint operation and planning for a regional landfill facility. During
fiscal 1 993-94, the BVSWMA Board hired an executive director who has taken responsibility
for daily operations of the landfill as well as planning to meet future landfill space
· requirements. The Agency is preparing initial studies to locate a new landfill site anticipated
to have a life of up to 50 years. The agency intends to acquire and permit the site prior to
using up the available space at its current Rock Prairie Road Landfill site that is anticipated to
be full between 1997 and 2000.
The City issued $3.4 million in certificates of obligation in August 1994 to fund $2. 7 million
for the first phase of the College Station Business Park and $700,000 for computer
replacements and networking.
Wastewater projects include the upgrading of the City's Carter Creek wastewater treatment
plant to comply with new Environmental Protection Agency and Texas Natural Resource
Conservation Commission treatment guidelines. Electric projects include system distribution
additions and underground conversion projects related primarily to the Texas Avenue widening
project. Electric and wastewater capital improvement projects are anticipated to require
additional utility revenue bond sales of up to $8.3 million in FY 1995.
Long Term. During fiscal 1990, the City entered into a contract with the Texas Municipal
Power Agency ("TMPA") cities. The City began receiving power under this contract on
December 30, 1 991. Under the terms of the contract, the City is a total requirements
customer of the TMPA cities. College Station's contract allows the City the opportunity to
become a full partner in TMPA when additional p0wer generating facilities are required by the
member cities.
TMPA was created in July l975 by concurrent ordinances of the Texas cities of Bryan,
Denton, Garland, and Greenville pursuant to the Acts of the 63rd and 64th Legislature of
Texas. Under provisions of the Act, TMPA is a separate municipal corporation. In September
1976, TMPA entered into identical power sales contracts with each of the cities for the
purpose of obtaining the economic advantages of jointly financing, constructing and operating
large electric generating units and related facilities to supply the cities' future electric
requirements. TMPA operates the Gibbons Creek Steam Electric Station, a lignite-fueled
generating plant located in Grimes County, Texas, with a net generating capacity of 405
megawatts. The plant began commercial operation October 1, 1 983.
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The City has developed a three-year (FY94-96) capital construction program for the electric,
water, and sewer utilities. Total investment in the utility system over the next several years
is anticipated to be approximately $65. 7 million, financed with the use of available funds on
hand, revenues and the issuance of $27.9 million in utility revenue bonds. A three-year capital
improvements budget was approved by the City Council as part of their deliberation on the
fiscal 1 993-94 budget.
A special election was held in December 1990 for approval of General OblJgation Bonds. The
electorate authorized the issuance of $4,500,000 in bonds for streets, traffic signalization and
sidewalk construction and $1,000,000 in bonds for park development. In December 1 991
$3,500,000 of these bonds were issued for streets and parks projects that were targeted for
construction in 1 992 and 1 993. The remaining $2,000,000 of authorized bonds will be issued
in fiscal year 1 995. The City has developed a process to identify the future capital needs in
the areas of streets, drainage, facilities, and parks. A future bond authorization election will
be held in March 1995 for $22.5 million in projects.
In May 1 992, it was announced that the George Bush Presidential Library would be located
in College Station on the Texas A&M campus. Ground breaking for the $8.9 million library
was held in November 1 994� When completed in 1997, the library is anticipated to attract
more than 400,000.visitors per year. College Station has begun preparation for the Bush
Library by placing additional emphasis in areas that will increase the appeal to visitors. Code
enforcement and work in blighted areas has become a priority. The City has adopted a
comprehensive streetscape plan to enhance the visual appeal of the community.
Economic development in College Station takes several forms. Tourism is expected to
continue to play an important role in College Station's economy. In addition to continuing
support for tourism, the master plan for the College Station Business Park is complete. The
plan calls for developing the park in two phases. Detailed plans are complete for Phase I and
construction began in June 1994 with scheduled completion by mid 1995. The 200 acre
city-owned business park will attract high-tech, clean types of industry. Several prospects are
currently waiting for the completion of Phase I.
FINANCIAL INFORMATION
The City is responsible for establishing and maintaining an internal control structure designed
to ensure that the assets of the City are protected from loss, theft or misuse and to ensure
that adequate accounting data are compiled to allow for the preparation of financial statements
in conformity with generally accepted accounting principles. The internal control structure is
designed to provide reasonable, but not absolute, assurance that these objectives are met.
The concept of reasonable assurance recognizes that:
( 1) the cost of a control should not exceed the benefits likely to be derived; and
(2) the valuation of costs and benefits requires estimates and judgments by management.
Single Audit. The City receives federal financial assistance and is responsible for ensuring that
an adequate internal control structure is in place to ensure compliance with applicable laws
and regulations related to those programs. This internal control structure is subject to periodic
evaluation by management.
Tests are made to determine the adequacy of the internal control structure, including that
portion related to federal financial assistance programs, as well as to determine that the City
- 6 -
has complied with applicable laws and regulations. The results of the City's single audit for
the fiscal year ended September 30, 1 994, provided no significant violations of applicable laws
or regulations relating to federal financial assistance programs of the City.
Budgetary Controls. The City maintains a system of budgetary controls. The objective of
these budgetary controls is to ensure compliance with legal provisions embodied in the annual
budget appropriations ordinance approved by the City Council. Activities of the General Fund,
Debt Service Fund, Spe9ial Revenue Funds, Capital Projects Funds, Utility Enterprise Funds,
and the Internal Service Funds are included in the budget appropriations ordinance.
The level of budgetary control, that is the level at which expenditures cannot legally exceed
appropriations, is established at department level within the General Fund and fund level for
all other funds. The City's Budget Office monitors expenditure activity on a monthly basis
against budgeted amounts and reports significant variances to the City Manager. The City
continues to meet its responsibility for sound financial management.
General ·Fund and Debt Service Fund Revenues. The following schedule presents a summary
of General Fund and Debt Service Fund revenues and other various financing sources for the
fiscal year ended September 30, 1 994. Comparisons to the previous fiscal year have been
included.
Revenue Source Fiscal Year Fiscal Year
Ended Percent Ended ·Increase
9/30/94 of Total 9/30/93 {Decrease}
General Fund Property Tax $ 2,086,274 8.25 % $ 1,627,228 $ 459,046
Sales and Mixed Drink Tax 8,776,093 34.70 7,995,877 780,216
Franchise Fees 358,392 1.42 407, 168 (48,776)
Licenses and Permits 557,440 2.20 445,585 111,855
Fines and Penalties 915,126 3.62 893,649 21,477
Charges for Services 1,066,268 4.22 904,004 162,264
Tran sf er from Enterprise Funds
for Return on Investment 4,407,529 17.43 4,266,504 141,025
Miscellaneous Revenues 760,676 3.01 800,690 (40,014)
Other Financing Sources 2,731,232 10.79 68,213 2,663,019
Debt Service Property Tax 3,634,353 14.36 3,351,369 282,984
Total Revenues and Other
Financing Sources $ 25,293,383 100.00% $ 20,760,287 $ 4,533,096
The most significant increase in revenue sources during 1 994 was the change in other
financing sources. The increase in this item was due to a debt issuance of $2,680,000 to
pay for the construction for Phase I of the College Station Business Park.
The next largest increase was the Sales and Mixed Drink Tax, which increased by 9.8% in
FY 94 over FY 93. The General Fund portion of the ad valorem tax increased by 28.2% as
a result of increased property values and an increase in that portion of the ad valorem tax rate
by 2. 75 cents per $100 value (20.4%). The debt service portion of the ad valorem tax rate
increased by 0.50 cents per $100 value (1.8%) and total revenue increased by 8.4%.
Charges for services increased by 17. 9 % due to increased activity primarily for follow up by
police on warrants and other activities ($95,905), increased use of emergency medical
services and other Fire Department Services ($23,378), and increased municipal court
administrative related fees ($36, 131 ).
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REVENUES BY SOURCE
GENERAL AND DEBT SERVICE FUNDS
FISCAL YEAR 1994
Other
ROI Transfers
17.38%
$ 25,375,949
Property Tax
22.54%
Sales Tax and
Mixed Drink Tax
34.58%
The next largest increase in sources of funds was for transfers from Enterprise Funds for
return on investment with an increase of 3.3%, primarily related to increased revenues for
each of the Enterprise Funds. Licenses and permits, which are largely related to development
activity, increased by 25.1 % over FY 93. Fines and penalties increased by only 2.4%, slightly
more than $21,000.
Two sources of funds declined in FY 94 over FY 93. Franchise Fee·s were down in Fiscal Year
1 994 from Fiscal Year 1 993 due to a reduction in oil and gas activity within the corporate
limits of the City of College Station. Miscellaneous revenues were down due primarily to
reductions in payments on paving assessments.
Property taxes received during fiscal year 1 994 were based on a tax levy of 44. 50 cents pe_r
$1 OOof assessed valuation. Under Texas state statutes, assessed valuation represents 100%
of market value. The total assessed valuatio n of $1,275,672, 194represents a 7 .3% in crease
from fiscal year 1 993. The increase was caused by the completion of three major grocery
outlets and two major retail stores along with strong building activity in the single family
residential sector. Distribution of property tax rates for the last five years is as follows:
Purpose
General Fund
Debt Service Fund
1994
$ 0.1625
0.2825
1993
$ 0.1350
Q.2775
1992
$ 0.1225
0.2775
1991
$ 0.1325
0.2675
1990
$ 0.1600
0.2400
Total Ad Valorem Tax Rate $ 0.4450 $ 0.4125 $ 0.4000 $ 0.4000 $ 0.4000
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General Fund and Debt Service Fund Exgenditures. The following schedule presents a
summary of General Fund and Debt Service Fund expenditures for the fiscal year ended
September 30, 1994. Comparisons to the previous fiscal year are included.
Fiscal Year Percent Fiscal Year Increase
Function Ended 9/30/94 of Total· Ended 9/30/93 {Decrease}
Current:
General Government $ 5,923,568 26.63 % $ 5,289,911 $ 633,657
Police 4,715,064 21.20 4,054,244 660,820
Fire 3,454,391 15.53 3,331,309 123,082
Public Services 2,533,983 11.39 2,266, 145 267,838
Parks and Recreation 3,083,389 13.86 2,838,541 244,848
Library Services 282,255 1.27 283,478 ( 1,223)
Less: Reimbursed
Administrative Costs (2,886,557) (12.98) (2,843,580) (42,977)
Other 251,454 1.13 398, 100 (146,646)
Debt Service:
Principal 2,066,045 9.29 2, 111,906 (45,861)
Interest and Fiscal
Charges 1,254,877 5.64 1,396,999 (142, 122)
Capital Outlay 1, 120,536 5.04 412,314 708,222
Other Financing Uses 445,000 2.00 0 445,000
Total Expenditures and
Other Financing Uses $ 22,244,005 100.00 % $ 19,539,367 $ 2,704,638
Year to year expenditure increases for the General Fund can be attributed to a number of
general factors and a few specific decisions. The general factors include normal salary and
benefit changes that affect all departments and policy decisions made by the City Council.
The increase in General Government expenditures was due to a number of factors:
(a) four new positions added in FY 94 and five new positions added late in FY 93
(approximately $270,000);
(b) special studies ($75,000);
(c) continued implementation of the financial policies regarding facility and computer
maintenance and replacement ( $191,000);
(d) the transfer of the Geographic Information System activity center with three employees
from the Electric Fund to the General Fund ($88,000); and
(e) other normally occurring increases such as personnel merit increases and inflation.
The increase in the Police Department expenditures was due primarily to the transfer of all
emergency dispatch duties to the Police Department, adding 1 0 positions and associated
capital and operating costs ($311,000);four additional patrol officers ($168,000);one records
technician ($20,000); and two additional patrol cars ($64,000). Other cost increases were
due to normal year to year changes for salaries, utilities and other operating costs.
The change in Fire Department expenditures was due to the addition of a firefighter ( $26; 100),
replacement of protective clothing ($25,900), and hazardous materials training ($25,900).
The increased expenditure in Public Services was the result of a residential street
reconstruction project that carried over from FY 93 into FY 94 ($205,000) and other normal
year to year changes.
The majority of the year to year change for Parks and Recreation was due to shifting
approximately $150,000 in expenditures for parks programs to the Parks Department
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operation and maintenance budget from the Hotel/Motel Tax Fund budget and reimbursing
those expenditures from the Hotel/Motel Tax Fund. Changing the process helped to better
indicate the actual annual activity and resource requirements for Parks and Recreation.
The net change in Reimbursed Administrative Costs was associated with services provided
to other operations of the City and relates to normal increases in costs. The function listed
as Other is from the non-departmental expenditures of the City and is used for funding of non
city activities and certain one-time projects not related to a particular department. The
reduction was primarily due to an outside agency not being funded ( $100,000) and a special
study done in FY 93 ($50,000). Changes in Principal and Interest and Fiscal Charges were
due to normal year to year changes since no significant debt issue occurred in FY 93, and the
debt issued in FY 94 was issued late in the fiscal year. Capital outlay increased by more than
$700,000, primarily due to construction at the College Station Business Park with contracts
to develop the first 1 00 acres of the 200 acre park.
EXPENDITURES BY FUNCTION
GENERAL AND DEBT SERVICE FUNDS
FISCAL YEAR 1994
$ 22,244,005
Capital Outlay
5.04%
General Government
(Net of Reimburement)
Debt Service
14.93%
Library Services
1.27% ,__.__..........._
Parks and Recreation
13.86%
Public Service
11.39% Other
3.13%
13.65%
Public Safety
36.73%
General Fund Balance. The unreserved fund balance of the General Fund increased by
$4 7 2,426 in 1 994, a 13. 7 % increase .over Fiscal Year 1993. The City Council policy on
reserve levels requires that the undesignated fund balance be at least equal to 1 5 % of the
next year's net budgeted expenditures. The undesignated fund balance of $3,914,459 is
approximately 19.1 % of Fiscal Year 1995 net budgeted expenditures.
Enterprise Funds. The City of College Station operates electric, water, sewer, a'nd solid waste
services for the benefit of the citizens. The City purchases 100% of its electric power
requirement from the Texas Municipal Power Agency ("TMPA") cities. Under the terms of the
contract with TMPA, the City will be considered for participation as an equal member when
TMPA and its member cities require additional generation facilities. The City is served through
three 1 38 kV A transmission lines tied to a ring bus at the City switching station, two
substations, and 21 0 miles of distribution lines.
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Since 1 981, the City has had the capability to produce and deliver 100% of its water needs
through its own water well and transmission system. The water production and transmission
system includes four wells with a combined capacity of 15.6 million gallons per day, and a
delivery system of 14 miles of 30-inch diameter pipeline with two pumping stations.
The Carter Creek Treatment Plant has a rated treatment capacity of 8.9 million gallons per day
(mgd). The Lick Creek Treatment Plant, the newer of the two plants, came on-line during
1988 and has a 500,000 gallons per day treatment capacity. The two plants have a
combined treatment capacity of 9.4 mgd as compared to average current daily demand of
6 mgd.
Utility Billing is responsible for meter reading, billing, and collections for more than 20,000
electric, water, sewer, and solid waste collection accounts. Prior to 1989, these activities
were accounted for as part of the General Fund. In the 1989 fiscal year budget, the Utility
Billing Fund was authorized as an Internal Service Fund and was financed with user charges
from the utility operating funds. During fiscal year 1 994, the Utility Billing Fund has been
combined with the Electric Fund for reporting purposes in order to more accurately reflect
utility activities.
Solid Waste Collection Fund. Solid waste collection services are provided to the citizens
through a combination of residential curbside pick-up and commercial container services. For
Fiscal Year 1994, the Solid Waste Collection Fund showed net income of $799,630 as
compared to a net loss of $24,234 in the prior fiscal year. Retained earnings increased
57.2% from $1,398,704 to $2,198,334. The majority of the increase can be attributed to
the $708,517 increase in earnings in joint venture, to rate adjustments for residential and
commercial customers, and to customer growth.
Summary financial information of the combined utility enterprise operations for the fiscal year
ended September 30, 1 994, with comparison to the previous fiscal year, is as follows:
Operating Revenues:
Electric
Water
Sewer
Solid Waste Collection
Charges for Services
Other
Operating Expenses:
Wholesale Purchased Power
Salaries and Benefits
Supplies, Maintenance and Services
Reimbursed Administrative
Depreciation and Amortization
Other
Nonoperating Revenues (Expenses):
Interest Earnings
Interest Expense
Other, Net
Operating Transfers In
Transfer to General Fund for
Return of Investment
Extraordinary Loss on Refunding
Net Income
-11 -
Fiscal Year
Ended 9/30/94
$ 32,658, 787
5,843,051
5,027,766
3,002,046
590, 127
1,169,314
22,693,021
5,597,046
5,253,248
2,413,819
2,742,680
233,586
1,044,064
(2,215,996)
767,329
0
(4,407, 529)
0
$ 4,545,559
Fiscal Year
Ended 9/30/93
$ 28,464,801
5,734,669
4,587,982
2,570,879
546,693
897,823
19,334,322
5,094,683
4,543,946
2;361,698
2,598,954
44,291
1, 158, 716
(2, 118,495)
(103,011)
1,950
(4,268,454)
(129,938)
$ 3,365,721
Employee Benefits Fund. The City of College Station has a partially self..-insured employee
benefits plan providing medical and dental insurance to employees and their families. The City
annually purchases both specific and aggregate stop-loss insurance to protect the financial
integrity of the plan. The plan is funded through monthly premiums of $1 80 paid by operating
departments for each employee and $190 monthly paid by employees electing dependent
coverage. During fiscal 1994, the plan had a net loss of $13,183, as compared to a net
income of $31,991 in fiscal 1993. Cost containment measures continue to be implemented
as well as increases in premiums in order to bring the fund to self-sufficiency.
Workers' Compensation Fund. The City of College Station has a partially self-insured workers'
compensation fund that is used to account for the costs of employee claims for
injuries/illnesses resulting at or from the workplace. The revenues of the fund are derived from
premium charges to the various departments based on actuarial analysis of risks. The fund
had a net increase of $151,523 in retained earnings for 1994 as compared to a net income
of $32, 74 7 in 1993.
Unemployment Fund. The City's unemployment fund is a fully self-insured fund used to
account for expenses related to claimsJrom persons who become unemployed. The fund's
revenues are derived from premiums based on 0. 5 % of salaries paid during a fiscal year. Net
income for 1994 was $15,883 versus $29,299 in 1993.
Property and Casualty Fund. The Property and Casualty Fund is funded through
property/casualty insurance . premiums for a partially self-insured program of the City.
Premiums are adjusted annually to meet the expenses of the fund and are based on an
actuarial review of the various City departments. Net income for the fund in 1994 was
$57,982 as compared to a net income of $74,514 in 1993.
Fleet Replacement Fund. The Fleet Replacement Fund was established as of October 1, 1991.
In fiscal year 1994, the name of the fund was changed to the Equipment Replacement Fund.
The revenues of the fund are derived as rents charged the departments for the various pieces
of equipment used. Net income of the fund was $882,943 for 1994 versus $806, 1 77 for
1993.
Landfill Fund. The landfill operations of the City are paid for by contract with the Brazos
Valley Solid Waste Management Agency ("BVSWMA") as referred to above. The contract
calls for the City to recover all costs associa.ted with providing the services offered by the
Landfill Operations Division. This activity is not intended to be revenue generating for the
City; therefore, the operating margin is monitored in order to attempt to maintain retained
earnings at a very low level. This fund recorded a net loss of· $199,625 in fiscal year 1994
as compared to net income of $46,500 for fiscal year 1993.
Debt Administration. As of September 30, 1994, the City had a total of $20,808,340 in
General Obligation Bonds, Certificates of Obligation, Contract Obligations and other debt
relating to Governmental Fund types. That debt of $369 per capita is serviced by revenues
from the local property tax. Under current state statutes, the City's ability to increase the mill
levy for property taxation is subject to a maximum cap of· $2.50 per $100 valuation. The
Utility Funds have an additional $24,694,917 in total debt serviced through utility charges.
Cash Management. All investment activity of the City is handled in accordance with
Resolution 4-12-90-5.5, authorizing and implementing the City of College Station Investment
Policy. The Investment Policy, established as required by state law and in conformity with
state investment statutes, ensures the safety of all funds entrusted to the City, ensures the
availability of those funds for the payment of all necessary obligations of the City, and
- 12 -
provides for the investment of funds in interest-bearing securities. Safety of the principal
invested is always the primary concern.
In 1988, the City began separating investment activities from traditional banking services.
Regular banking services are handled under a three-year depository agreement effective
October 1, 1 991, with First American Bank. The City currently invests funds in the full range
of investments allowable under state law. Accounts have been established with major
brokerages for the purchase and sale of U.S. Government obligations by the City. All
purchases and sales of securities are delivery-versus-payment through a safekeeping account
at the City's third-party bank. As of September 30, 1994, the City's investment portfolio
consisted of the following:
Bank Demand Accounts
State Investment Pool
Insured Certificates of Deposit
U.S. Government Obligations
Government Agency Notes
Total
$ 1,012,070
5,896,623
52, 116
11,816,993
13,468,319
$ 32,246, 121
The City earned $1,854,694 on an average investment balance of approximately $31.1
million, a rate of return of 5.96%, for the year ended September 30, 1994. Compared to prior
years' earnings and a market benchmark, the City's investment yield was:
10.00%
8.00%
6.00%
0.00%
'91
RATES OF RETURN
192 193
Fiscal Year
Actual 0 1 0-Bill Index
194
Investment results on the portfolio are compared to The Public Investor 1 0 bill index. This
hypothetical portfolio consists of ten treasury bills with an average maturity of 80 days. Every
Thursday a T-Bill matures and proceeds are reinvested alternately in three month and six
month T-Bills. This rolling index provides a benchmark for evaluating risk-free cash
management portfolios with short-term liquidity needs for payroll and accounts payable.
In accordance with normal investment reporting, rates of return do not include unrealized
capital gains, that is, year-end market values higher than the original cost of a security held
at the end of a fiscal year. If these unrealized capital gains of $95,370 are added to
investment income, fiscal 1994 rate of return was approximately 6.27 %.
- 13 -
Risk Management. The City's insurance programs are administered by the Risk Management
Division of the Finance Department. The City's workers' compensation claims are handled by
Old Republic Insurance Company. Property and liability claims are paid from a self-insurance
reserve fund carried to provide for claims of $25,000 or less with third party carriers providing
for claims in excess of that amount. Safety programs are coordinated on an ongoing basis by
the Risk Manager.
OTHER INFORMATION .
Independent Audit. State statutes require an annual audit by independent certified public
accountants. The accounting firm of Ingram, Wallis & Company, P. C. has been retained by
the City Council for this function. In addition to meeting the requirements set forth in state
statutes, the audit also was designed to meet the requirements of the federal Single Audit Act
of 1984 and related OMB Circular A-128. The independent auditors' report on the general
purpose financial statements and combining, individual fund and account group statements
and schedules is included in the financial section of this report. The auditors' reports related
specifically to the single audit are issued separately.
The Government Finance Officers Association of the United States and Canada ("GFOA")
awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of
College Station for its Comprehensive Annual Financial Report ("CAFR") for the fiscal year
ended September 30, 1993. The Certificate of Achievement is a prestigious national award
recognizing conformance with the highest standards for preparation of state and local
government financial reports.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily
readable and efficiently organized comprehensive annual financial report, whose contents
conform to program standards. Such CAFR must satisfy both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. The City of College Station
has received a Certificate of Achievement twelve of the last thirteen years. We believe our
current report continues to conform to the Certificate of Achievement program requirements,
and we are �ubmitting it to the GFOA.
Acknowledgments. The preparation of this report on a timely basis could not have been
accomplished without the efficient and dedicated services of the entire staff of the Finance
Department. We would like to express our appreciation to all members of the department who
assisted and contributed to its preparation. We would also like to thank the Mayor and City
Council for their interest and support in planning and conducting the financial operations of
the City in a responsible and progressive manner. Finally, we would like to thank our auditors,
Ingram, Wallis & Company, P. C., whose professional expertise and advice have resulted in
continuing improvements in the quality of the City's financial reporting.
Respectfully submitted,
-14 -
Glenn Schroeder
Executive Director
Fiscal and Human Resources
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of College Station,
Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1993.
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
President
ff!?�� Executive Director
- 1 5 -
APPOINTED BOARDS
EXECUTIVE DIRECTOR
FISCAL/HUMAN RESQJRCES
FINANCE
BUDGET & EVALUATION
ACCOUNTING/PAYROLL
PURCHASING
HUMAN RESOURCES
RISK MANAGEMENT
MUNICIPAL COURT
CITIZENS OF COLLEGE STATION
MAYOR AND
CITY CClJNC t L
MUNICIPAL JOOGE CITY ATTORNEY
CITY MANAGER
ASSISTANT CITY MANAGER ASSISTANT CITY MANAGER
CC114UNITY SERVICES GROUP OPERATIONS GRCIJP
POLICE PUBLIC UTILITIES
FIRE TECHNICAL SERVICES
DEVELOPMENT SERVICES ELECTRIC SERVICES
PUBLIC SERVICES WATER UTILITIES
FLEET SERVICES WASTEWATER UTILITIES
SOLID.WASTE COLLECTION PARKS & RECREATION
LANDFILL OPERATION
- 16 -
CITY SECRETARY
EXECUTIVE DIRECTOR
NAGEMENT SERVICES GRClJP
PUBLIC RELATIONS/
MARKETING
MANAGMENT INFORMATION
UTILITY BILLING SERVICES
FACILITIES MAINTENANCE
ENERGY MANAGEMENT
LIBRARY
Elected Officials:
CITY OF COLLEGE STATION, TEXAS
PRINCIPAL CITY OFFICIALS
September 30, 1 994
Mayor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Larry J. Ringer
Council Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nancy Crouch
.................................................... Bill Fox
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . David Hickson
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Hubbard Kennady·
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Larry Mariott
............................................ Lynn R .. Mcllhaney
City Administration:·
City Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ron Ragland
Assistant City Manager for
Community Services Group . . . . . . . . . . . . . . . . . . . . . . . Thomas E. Bryme_r
Assistant City Manager for Operations G roup .............. John C. Woody
Executive Director for Management Services Group . . . . . . . . . Linda S. Piwonka
Executive Director for Fiscal and
Human Resources Group . . . . . . . . . . . . . . . . . . . . . . . . . . Glenn Schroeder
Director of Development Services . . . . . . . . . . . . . . . . . . . . . . . . Elrey B. Ash
Fire Chief .................................... William L. Kennedy
Director of Parks and Recreation . . . . . . . . . . . . . . . . . . . . . Stephen C. Beachy
Personnel Director .... . · . . . . . . . . . . . . . . . . . . . . . . . . . Karen N. Pavlinski
Police Chief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . Edgar R. Feldman
Director of Public Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mark Smith
City Attorney .................................... Catherine Locke
City Secretary ................................... Connie L. Hooks
- 17 -
-18 -
FINANCIAL SECTION
- 19 -
-20 -
James D. Ingram, III
Thomas A. Wallis
Agnes L. Bennett
Judith W. Childs
James D. Ingram, IV
Richard L. Webb
Wendi M. Stratta
Pu-Yu (Peggy) Wang
Diane E. Kruse
Steven J. Little
INGRAM, WALLIS & COMPANY
A PROFESSIONAL CORPORATION
Certified Public Accountants
2100 Villa Maria, Suite 100
BRYAN, TEXAS 77802
INDEPENPENT·AUPITQRS' REPORT
Mayor Larry Ringer,
Members of City Council and
Interim City Manager of the
City of College Station, Texas
TELEPHONE
(409) 776-2600
TELECOPIER
(409) 774-7759
We have audited the accompanying general purpose financial
statements of the City of College Station, Texas ("City"), as of
September 30, 1994, and for the year then ended, as listed in the
foregoing table of contents. These general purpose financial
statements are the responsibility of the City's management. Our
responsibility is to express an opinion on these general purpose
financial statements based on our audit.
we conducted our audit in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
general purpose financial statements are free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the general
purpose financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating. the overall general purpose
financial statement presentation. We believe that our audit
provide a reasonable basis for our opinion.
In our opinion, the general purpose financial statements ref erred
to above present fairly, in all material respects, the financial
position of the City of College Station, Texas, as of September 30,
1994, and the results of ite operations and the cash flows of its
proprietary and similar trust fund types for the year then ended in
conformity with generally accepted accounting principles.
- 21 -
our audit was made for the purpose of forming an opinion on the
general purpose financial statements taken as a whole. The
supplemental financial information listed in the foregoing table of
contents is presented for purposes of additional analysis and is
not a required part of the general purpose financial statements of
the City of College Station, Texas. Supplemental financial
information is also the responsibility of the City's management.
Such supplemental financial information has been $Ubjected to the
auditing procedures applied in the audit of the general purpose
financial statements and, in our opinion, is fairly presented in
all material respects in relation to the general purpose financial
statements taken as a whole.
The accompanying statistical tables, listed in the foregoing table
of contents, were not audited by us �nd, accordinqly, we express no
opinion on them.
Bryan, Texas
February 10, 1995
-22 -
- 23 -
CITY OF COLLEGE STATION, TEXAS
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1 994
(With comparative totals for the fiscal year ended September 30, 1993)
Governmental Fund Types
Special Debt Capital
General Revenue Service Projects
Assets and Other Debits
Assets:
Equity in Cash and Cash Equivalents (Note 2) $ 850,385 $ 214,321 $ 320, 181 $ 980,567
Equity in Investments (Note 2) 2,758,292 695,263 1.,044,031 3,212,000
Receivables:
Accrued Interest 159,890 38,239 105,703 121,325
Grants 46,576 304,798 0 0
Letter of Credit 25,000 25,425 0 0
Accounts 260,938 8,896 0 0
Special Assessments 138,471 0 0 0
Delinquent Property Taxes (Note 3) 79,563 0 202,574 0
State Sales Tax (Note 1) 800,863 0 0 0
Notes and Loans (Note 4) 41,221 209,467 424,435 0
Other 48, 190 0 0 0
Less Allowance for Uncollectible Accounts (230,607) (4,358) 0 0
Due from Other Funds 200,731 0 0 0
lnterfund Receivable (Note 2) 0 0 0 0
Inventories 167,275 0 0 0
Prepaid Costs 2,863 0 0 1,000
Restricted Assets:
Equity in Cash and Cash Equivalents (Note 2) 546, 191 0 0 0
Equity in Investments (Note 2) 1,833, 114 0 0 0
Receivables:
Accrued Interest 41,974 0 0 0
Accounts 1,430 0 0 0
Special Assessments 0 0 0 0
Note Receivable from Joint Venture 0 0 0 0
Equity in.Joint Venture (Note 13) 0 0 0 0
Advance to Other Funds (Note 17) 0 0 0 0
Deferred Charges, Net (Note 19) 0 0 0 0
Property and Equipment, Net (Note 5) 0 0 0 0
Property Held for Resale 0 92,000 0 0
Other Debits:
Amount Available for Retirement of Bonded .
Indebtedness 0 0 0 0
Amount to be Provided for:
Accrued Vacation Leave 0 0 0 0
Retirement of Bonded Indebtedness 0 0 0 0
Total Assets $ 7,772,360 $ 1,584,051 $ 2,096,924 $ 4,314,892
- 24 -
$
$
Proprietary Fund Types
Enterprise Internal Service
2,700,790 $ 506,704
8,806,621 1,468,800
551,738 72,253
0 0
0 0
5,481,088 45,576
0 0
0 0
0 0
0 0
575,009 0
(680,845) (1,070)
0 0
175,173 0
1,224,851 0
2,350 10,000
752,131 0
2,452,515 0
101,718 0
0 0
6,072 0
673,996 0
949,673 0
829, 184 0
369,721 0
72,289,099 2, 164,026
0 0
0 0
0 0
0 0
97,260,884 $ 4,266,289
$
$
Account Groups
General
Fixed Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
58,404,713
0
0
0
0
58,404, 713
General
Long-Term Debt
$ 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
.o
0
0
1,260,500
610,671
19,547,840
$ 21,419,011
(Continued)
$
$
Totals
(Memorandum Only)
1994 1993
5,572,948 $ 4,566,957
17,985,007 16,726,615
1,049, 148 871,563
351,374 165,574
50,425 50,425
5,796,498 5,835,409
138,471 148,044
282, 137 324,685
800,863 644,347
675, 123 768,092
623, 199 603,422
(916,880) (849,926)
200,731 0
175,173 163,922
1,392, 126 1,646,620
16,213 20,993
1,298,322 1,722,922
4,285,629 6,414, 796
143,692 193,416
1,430 52,692
6,072 1,865
673,996 758,599
949,673 295,597
829, 184 1,004,357
369,721 401,530
132,857,838 119,611,313
92,000 0
1,260,500 871,871
610,671 579,331
19,547,840 18,142,514
197,119,124 $ 181, 737,545
The notes to the general purpose financial statements are an integral part of this statement.
-25 -
CITY OF COLLEGE STATION, TEXAS
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
SEPTEMBER 30, 1994
(With comparative totals for the fiscal year ended September 30, 1 993)
· (Continued)
Governmental Fund Types
Special Debt
General Revenue Service
Liabilities, Equity and Other Credits
Liabilities:
Accounts Payable $ 204, 139 $ 167,904 $ 0
Due to Other Funds 0 180,897 0
Accrued Interest Payable 0 0 0
Retainage Payable 20,211 44,077 0
lnterfund Payable (Note 17) 0 0 0
Refundable Deposits 1,325 13,682 0
Claims Payable 0 0 0
Obligation Under Capital Lease--Current (Note 12) 0 0 0
Accrued Liabilities 400,380 5,488 17,316
Customer Construction Advances 85,766 0 0
Other Deferred Revenues 549,567 213,929 697,853
Liabilities Payable from Restricted Assets:
Accounts Payable 4, 130 0 0
Accrued Interest Payable 0 0 0
Retainage Payable 26,625 0 0
Refundable Deposits 0 0 0
Revenue Bonds (Note 6) 0 0 0
General Obligation Bonds (Note 6) 0 0 0
Certificates of Obligation (Note 6) 0 0 0
Miscellaneous Accrued Liabilities 25 0 0
Long-Term Debt (Note 6):
Revenue Bonds 0 0 0
Unamortized Premium on Bonds 0 0 0
General Obligation Bonds 0 0 0
Certificates of Obligation 0 0 0
Obligation Under Capital Lease (Note 12) 0 0 0
Advances from Other Funds (Note 17) 0 0 0
Accrued Vacation 0 0 0
Total Liabilities 1,292, 168 625,977 715,169
Equity and Other Credits:
Contributed Capital 0 0 0
Investment in General Fixed Assets 0 0 0
Retained Earnings (Deficit):
Reserved (Note 15) 0 0 0
Unreserved (Note 22) 0 0 0
Fund Balances:
Reserved (Note 15) 2,439,825 180,719 1,381, 755
Unreserved:
Designated for Subsequent Years' Expenditures 125,908 436,691 0
Undesignated 3,914,459 340,664 0
Total Equity and Other Credits 6,480, 192 958,074 1,381, 755
Total Liabilities, Equity and Other Credits $ 7,772,360 $ 1,584,051 $ 2,096,924
- 26 -
Capital
Projects
$ 288,624
0
0
56,729
0
0
0
0
0
75,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
420,353
0
0
0
0
1,936,276
332,088
1,626, 175
3,894,539
$ 4,314,892
Totals
Proprietary Fund Types Account Groups (Memorandum Only)
Internal General General
Enterprise Service Fixed Assets Long-Term Debt 1994 1993
$ 2,775,336 $ 188,203 $ 0 $ 0 $ 3,624,206 $ 4,672,452
0 19,834 0 0 200,731 0
7,583 0 0 0 7,583 0
4,793 0 0 0 125,810 127,279
175,173 0 0 0 175,173 163,922
0 0 0 0 15,007 16,607
0 420,967 0 0 420,967 473,910
227,960 0 0 0 227,960 494,221
407,589 66 0 0 830,839 694,822
26,582 0 0 0 187,348 100,597
3, 110 0 0 0 1,464,459 1,413,325
513,359 0 0 0 517,489 275,524
338,260 0 0 0 338,260 397,537
118,777 0 0 0 145,402 189,846
1,800,972 0 0 0 1,800,972 . 1,834,449
2,625,000 0 0 0 2,625,000 2,335,000
378,870 0 0 0 378,870 378,955
26,200 0 0 0 26,200 26,200
0 0 0 0 25 22
19,210,000 0 0 0 19,210,000 21,835,000
7,737 0 0 0 7,737 8,149
1,017,790 0 0 17,028,340 18,046, 130 20,411,045
104,800 0 0 3,780,000 3,884,800 131,000
1, 104,297 0 0 0 1, 104,297 1,332,257
829, 184 0 0 0 829, 184 1,004,357
207,895 16,280 0 610,671 834,846 787,957
31,911,267 645,350 0 21,419,011 57,029,295 59, 104,433
16,964,522 0 0 0 16,964,522 10,704, 165
0 0 58,404, 713 0 58,404,713 55,670, 181
4, 120,436 0 0 0 4, 120,436 15,135,172
44,264,659 3,620,939 0 0 47,885,598 31,773,532
0 0 0 0 5,938,575 2,818, 798
0 0 0 0 894,687 1,974,960
0 0 0 0 5,881,298 4,556,304
65,349,617 3,620,939 58,404,713 0 140,089,829 122,633, 112
$ 97,260,884 $ 4,266,289 $ 58,404, 713 $ 21,419,011 $ 197,119,124 $ 181, 737,545
The notes to the general purpose financial statements are an integral part of this statement.
- 27 -
CITY OF COLLEGE STATION, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Totals
(Memorandum Only)
Special Debt Capital
General Revenue Service Projects 1994 1993
Revenues:
Truces $ 11,220,759 $ 1, 185,648 $ 3,634,353 $ 0 $ 16,040,760 $ 14,482,457
Licenses and Pemits 557,440 0 0 0 557,440 445,585
Grants 39,723 1,203,029 0 0 1,242,752 920,253
Charges for Services 1,066,268 37,795 0 0 1,104,063 904,004
Fines, Forfeits, and Penalties 915, 126 1, 157 0 0 916,283 894,476
Special Assessments 4,779 0 0 0 4,779 98,358
Interest on Investments 296,596 60,157 86,177 163,960 606,890 803,407
Rents and Royalties 104,054 93,309 0 0 197,363 136,271
Loan Repayments 15,728 10,286 99,514 0 125,528 87,046
Interest on Loans 0 9,355 0 0 9,355 9,059
Contributions 8,296 83,700 0 0 91,996 106,516
Reirrbursed Expenses 10,497 0 0 10,000 20,497 4,488
Other 95,312 25,995 0 374 121,681 109,368
Total Revenues 14,334,578 2, 710,431 3,820,044 174,334 21,039,387 19,001,288
Expenditures:
Current:
General Government 806,498 0 0 0 806,498 723,721
Fiscal and Human Resources 1,644,909 0 0 0 1,644,909 1,539,352
Comnmity Services
Adninistration 141,875 0 0 0 141,875 143,412
Police 4,715,064 0 0 0 4,715,064 4,054,244
Fire 3,454,391 0 0 0 3,454,391 3,331,309
Development Services 1,803,898 0 0 0 1,803,898 1,476, 181
Parks 3,083,389 0 0 0 3,083,389 2,838,541
Public Services 2,533,983 0 0 0 2,533,983 2,266,145
Management Services 1,526,388 0 0 0 1,526,388 1,407,245
Library Services 282,255 0 0 0 282,255 283,478
Housing Rehabilitation 0 550,144 0 0 550,144 360,629
Reirrbursed Adninistrative (2,886,557) 663,087 0 111,204 (2, 112,266) (2, 194,258)
Salaries and Benefits 0 0 0 0 0 18,884
Supplies 0 0 0 0 0 35,787
Purchased Professional Services 0 0 0 0 0 47,728
Purchased Property Services 0 0 0 0 0 3,876
Other Purchased Services 0 0 0 0 0 86,870
Special Programs and Projects 0 180,932 0 0 180,932 46,528
(continued)
- 28 -
CITY OF COLLEGE STATION, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
(Continued)
Totals
(Memorandum Only)
Special Debt Capital
General Revenue Service Projects 1994
Public Agency Funding $ 107,730 $ 737,213 $ 0 $ 0 $ 844,943
Contributions 0 0 0 0 0
Interim Assistance 0 5,434 0 0 5,434
Inventory Adjustment 0 0 0 0 0
Clearance 0 32,410 0 0 32,410
Other 143,724 10, 145 0 0 153,869
Capital Outlay 1, 120,536 362,465 0 1,565,348 3,048,349
Debt Service:
Principal Retirement 0 0 2,066,045 0 2,066,045
Interest Payments 0 0 1,244,123 0 1,244, 123
Rscal Charges 0 0 10,754 0 10,754
Total Expenditures 18,478,083 2,541,830 3,320,922 1,676,552 26,017,387
Excess (Deficiency) of Revenues
Over (Under) Expenditures (4, 143,505) 168,601 499,122 (1,502,218) (4,978,000)
Other Rnancing Sources (Uses):
Proceeds from Long-Term Debt
(Note 6) 2,680,000 0 0 1,180,000 3,860,000
Sale of General Rxed Assets 40,470. 0 0 0 40,470
Operating Transfers In (Note 11) 4,407,529 0 10,762 819,000 5,237,29J
Operating Transfers Out (Note 11) (445,000) (384,762) 0 0 (829,762)
Total Other Rnancing Sources (Uses) 6,682,999 (384,762) 10,762 1,999,000 8,307,999
Excess (Deficiency) of Revenues
and Other Rnancing Sources Over
(Under) Expenditures and Other
Rnancing Sources (Uses) 2,539,494 (216,161) 509,884 496,782 3,329,999
Fund Balances, October 1 3,940,698 . 1, 174,235 871,871 3,397,758 9,384,562
Fund Balances, Septerrber 30 $ 6,480,192 $ 958,074 $ 1,381,755 $ 3,894,540 $ 12,714,561
The notes to the general purpo se fin an ci al statements are an integral part of this st atement.
-29 -
$
$
1993
867,036
25,000
5,148
11,660
16,249
161,094
3,650,712
2, 111,906
1,390,017
6,982
24,715,476
(5, 714, 188)
0
68,213
4,691,755
(425,251)
4,334,717
(1,379,471)
10,729,533
9,350,062
CITY OF COLLEGE STATION, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
GENERAL, SPECIAL REVENUE, DEBT SERVICE, AND CAPITAL PROJECTS FUNDS
For the Fiscal Year Ended September 30, 1994
General Fund Special Revenue Funds
Variance Variance
Favorable Favorable
Budget Actual {Unfavorable! Budget Actual {Unfavorable!
Revenues:
Taxes 10,908,142 $ 11, 164,505 $ 256,363 $ 1,153,100 $ 1,185,648 32,548
Licenses and Pennits 371,700 557,440 185,740 0 0 0
Grants 27,000 39,723 12,723 1,589,000 1,203,029 (385,971)
Charges for Services 760,620 1,066,267 305,647 0 37,795 37,795
Fines, Forfeits, and Penalties 881,600 915, 126 33,526 0 1,157 1,157
Special Assessments 20,000 4,779 (15,221) 0 0 0
Interest on Investments 197,000 258,518 60,718 33,000 60,157 27,157
Rent and Royalties 52,100 104,054 51,874 00,000 93,309 13,309
Loan Repayments 0 15,728 15,728 0 10,286 10,286
Interest on Loans . 5,000 3,158 (1,842) 0 9,355 9,355
Contributions 0 6,996 6,996 5,ooo· 83,700 78,700
Reimbursed Expenses 0 10,497 10,497 0 0 0
Collection Service Fees 18,000 41,840 23,840 0 0 0
Sale of Cemetery Lots 18,000 19,267 1,267 0 0 0
Other 8,000 23,030 14,230 10,000 25,995 15,995
Total Revenues 13,268,842 14,230,928 962,086 2,870,100 2,710,431 (159,669)
Expenditures:
Current
General Government 831,722 006,504 25,218 0 0 0
Fiscal and Human Resources 1,772,629 1,644,913 127,716 0 0 0
Community Services Administration 143,788 141,875 1,913 0 0 0
Police 4,746,866 4,715,069 31,797 0 0 0
Fire 3,572,471 3,458,589 113,882 0 0 0
Development Services 2,042,546 1,814,447 228,099 0 0 0
Parks 3,261,796 3,083,243 178,553 0 0 0
Public Services 2,660,017 2,533,992 126,025 0 0 0
Management Services 1,644,654 1,470,133 174,521 0 0 0
Library Services 293,706 282,253 11,453 0 0 0
Nondepartmental:
Housing Rehabilitation 0 0 0 1,063,151 550,144 513,007
Reimbursed Administrative (3, 107, 168) (2,981,007) (126,161) 867,891 663,087 204,004
Special Programs and Projects 0 0 0 190,905 100,932 9,973
Public Agency Funding 111,955 107,730 4,225 763,167 737,213 25,954
Interim Assistance 0 0 0 7,500 5,434 2,066
Acquisitions 0 0 0 90,000 0 90,000
Clearance 0 0 0 115,733 32,410 83,323
Planning 0 0 0 15,000 0 15,000
Economic Development 0 0 0 1,000 0 1,000
Contributions 0 0 0 0 0 0
Other 0 519 (519) 0 10,145 (10,145)
Capital Outlay 632,233 538,466 93,767 1,120,669 362,465 758,204
Expected Expenditure Savings (643,000) 0 (643,000) 0 0 0
Contingency 25,231 0 25,231 8,195 0 8,195
Debt Service:
Principal 0 0 0 0 0 0
Interest and Fiscal Charges 0 0 0 0 0 0
Total Expenditures 17,989,446 17,616,726 372 720 4 243 211 2,541,830 1 701 381
Excess (Deficiency) of Revenues
Over (Under) Expenditures (4,720,604) (3,385, 798) 1,334,006 (1,373,111) 168,601 1,541,712
Other Financing Sources (Uses):
Proceeds from Long-Tenn Debt Issuance 0 0 0 0 0 0
Premium on BOnds Sold 0 0 0 0 0 0
Operating Transfers In 4,407,529 4,407,529 0 0 0 0
Operating Transfers Out (445,000) (445,000) 0 (384,762) (384,762) 0
Sale of General Fixed Assets 2,000 40,470 38,470 0 0 0
Total Other Financing Sources (Uses) 3,964,529 4,002,999 38,470 (384,762) (384,762) 0
Excess (Deficiency) of Revenues and
Other Financing Sources (Uses) Over
(Under) Expenditures and Other Uses (756,075) 617,201 1,373,276 (1,757,873) (216,161) 1,541,712
Fund Balances, October 1 2,977,770 4,313,752 1,335,982 405,783 1,174,235 768,452
Fund Balances, September 30 $ 2,221,695 $ 4,930,953 2,709,258 (1,352,090) $ 958,074 $ 2,310,164
-30 -
$
Debt Service Fund Caeital Projects Funds
Variance Variance
Favorable Favorable
Budget Actual {Unfavorable! Budget Actyal {Unfavorable!
3,521,275 3,634,353 113,078 $ 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
115,000 86,177 (28,823) 307,300 163,900 (143,340)
0 0 0 0 0 0
99,514 99,514 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 10,000 10,000
0 0 0 0 0 0
0 0 0 .0 0 0
0 0 0 0 374 374
3,735,789 3,820,044 84255 307,300 174 334 (132,966)
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 159,900 111,204 48,756
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 5,740,107 1,565,348 4,174,759
0 0 0 0 0 0
0 0 0 0 0 0
2,194,672 2,066,045 128,627 0 0 0
1,399,447 1,254,877 144 570 0 0 0
3,594,119 3,320,922 273 197 5,900,067 1,676,552 4,223,515
141,670 499,122 357,452 {5,592,767) (1,502,218) 4,090,549
0 0 0 4,774,000 1,100,000 (3,594,000)
0 0 0 0 0 0
0 10,762 10,762 714,000 819,000 105,000
0 0 0 0 0 0
0 0 0 0 0 0
0 10,762 10,762 5,488,000 1,999,000 (3,489,000)
141,670 509,884 368,214 (104,767) 496,782 001,549
230 676 871 871 641 195 3,885,000 3,397,758 !487,242!
372,346 1,381,755 $ 1,009,409 $ 3,700,233 3,894,540 $ 114,307
The notes to the general purpose financial statements are an integral part of this statement.
- 31 -
CITY OF COLLEGE STATION, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Totals
(Memorandum Only)
Internal
Enterprise Service 1994 1993
Operating Revenues:
Charges for Services $ 47,121,777 $ 2,310,678 $ 49,432,455 $ 45, 136,444
Premiums 0 2,842,997 2,842,997 2,483,634
Other 1,169,314 13 302 1,182,616 897,823
Total Operating Revenues 48,291,091 5, 166,977 53,458,068 48,517,901
Operating Expenses:
Purchased Power {Note 8) 22,693,021 0 22,693,021 19,334,322
Salaries and Benefits 5,597,046 515,679 6, 112, 725 5,477,451
Supplies 550,455 92,370 642,825 539,254
Maintenance 966,613 135,916 1, 102,529 1,029,451
Purchased Professional Services 777,224 340,839 1,118,063 1,052,597
Purchased Property Services 1,926,294 64,236 1,990,530 1,854,374
Other Purchased Services 1,032,662 36,484 1,069, 146 932,045
Claims 0 1,878,846 1,878,846 1,530,319
Administration Fees 0 124, 793 124, 793 108,393
Premiums 0 566,790 566,790 592,949
Reimbursed Administrative 2,413,819 288,266 2,702,085 3,587,086
Depreciation 2,742,680 323,577 3,066,257 2,764,840
Other 233,586 25,927 259,513 68 140"
Total Operating Expenses 38,933,400 4,393,723 43,327, 123 38,871,221
Operating Income 9.357.691 773 254 10. 130,945 9.646.680
Nonoperating Revenues (Expenses):
Interest Earnings 1,044,064 125,673 1,169,737 1,358,493
Reimbursed Expenses 176,699 2,585 179,284 170,771
Contributions 5,000 0 5,000 0
Earnings (loss) in Joint Venture 654,076 0 654,076 (54,441)
Interest Expense (2,21 5,996) (4,452) (2,220,448) (2, 118,495)
Other, Net (68A46l (1,537! !69,983! (219,617!
Total Nonoperating Revenues
(Expenses) (404,603) 122,269 (282,334) (863,289)
Income Before Operating Transfers 8,953,088 895,523 9,848,611 8, 783,391
Operating Transfers:
Operating Transfers In 0 0 0 57,430
Operating Transfers Out !4,407,529} 0 !4,407,529} !4,323,934)
Total Operating Transfers (4,407,529) 0 (4,407,529) (4,266,504)
Income Before Extraordinary Item 4,545,559 895,523 5,441,082 4,516,887
Extraordinary Item -Loss on Refunding 0 0 0 (129,938!
Net Income 4,545,559 895,523 5,441,082 4,386,949
Retained Earnings, October 1,
As Restated (Note 22) 43,839,536 2, 7.25,416 46,564,952 42,521,755
Retained Earnings, September 30 $ 48,385,095 $ 3,620,939 $ 52,006,034 $ 46,908,704
The notes to the general purpose financial statements are an integral part of this statement.
-32 -
-33 -
CITY OF COLLEGE STATION, TEXAS
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Totals
(Memorandum Only)
Enterprise Internal Service
Funds Funds 1994 1993
Cash Flows from Operating Activities:
Cash Received from Customers $ 48,303, 193 $ 5,284,075 $ 53,587,268 $ 47,847,443
Cash Payments to Suppliers for Goods
and Services (30,534, 100) (4,006,404) (34,540,504) (31,641,674)
Cash Payments to Employees for Services (5,510,125) (522, 178) (6,032,303) (5,427,345)
Customer Deposits Received 752,813 0 752,813 889,240
Customer Deposits Returned (786,290) 0 (786,290) (952,873)
Cash Received from Contributions 5,000 0 5,000 0
Cash Received for Reimbursed Expenses 63,051 2,585 65,636 108,392
Cash Received from Sale of Scrap 9,513 0 9,513 18,633
Cash Received from Collection Fees 6,676 0 6,676 6,525
Cash Received from Leases 11,587 0 11,587 9,515
Cash Received from Miscellaneous Revenues 119,470 2,366 121,836 211, 768
Cash Received from Other Funds 0 19,834 19,834 0
Cash Paid for Special Projects (2, 192) 0 (2, 192) (49,418)
Cash Paid for Miscellaneous Expenses (15,511) !3,850) (19,361) (11 737)
Net Cash Provided by Operating Activities 12,423,085 776,428 13,199,513 11,008,469
Cash Flows from Noncapital Financing Activities:
Principal Received on Note 84,603 0 84,603 78,220
Interest Received on Note 59,029 0 59,029 62,852
Principal Received on Advance to Other Funds 163,922 0 163,922 1 !:>3,393
Interest Received on Advance to Other Funds 76, 106 0 76, 106 86,635
Operating Transfers In from Other Funds 0 0 0 57,430
Operating Transfers Out to Other Funds (4,407,529) 0 (4,407,529) (4,323,934)
Cash Paid to Public Agencies (181,000) 0 (181,000) (206,000)
Interest Paid to Other Funds 0 !4,4521 !4,4521 0
Net Cash Used for Noncapital Financing
Activities (4,204,869) (4,452) (4,209,321) (4,091,404)
Cash Flows from Capital and Related Financing
Activities:
Acquisition/Construction of Capital Assets (6,272,517) (1,340,962) (7,613,479) (6, 191,307)
Proceeds from Sale of Capital Assets 34,726 0 34,726 22,012
Capital Contributed by Developers 36,041 0 36,041 64,053
Principal Paid on Revenue Bonds (2,335,000) 0 (2,335,000) (2,375,000)
Principal Paid on General Obligation Bonds (378,955) 0 (378,955) (370,795)
Principal Paid on Certificates of Obligation (26,200) 0 (26,200) (26,200)
Principal Paid on Obligation under Capital Lease (494,221) 0 (494,221) (451,983)
Principal Paid on Advance to Other Funds (163,922) 0 (163,922) (153,393)
Interest Paid on Revenue Bonds (1,816, 148) 0 (1,816, 148) (1, 720,928)
Interest Paid on General Obligation Bonds (73, 120) 0 (73, 120) (125,450)
Interest Paid on Certificates of Obligation (18,864) 0 (18,864) (22,008)
Interest Paid on Obligation Under Capital Lease (98,778) 0 (98,778) (141,016)
Interest Paid on Advance to Other Funds (76, 106) 0 (76, 106) (86,635)
Interest Paid to Other Funds (192,259) 0 (192,259) 0
Fees Paid to Fiscal Agent (6,616) 0 (6,616) (5,477)
Proceeds from Revenue Bonds 0 0 . 0 4,568,094
Net Cash Used for Capital and Related Financing
Activities (11,881,939) (1,340,962) (13,222,901) (7,016,033)
(Continued)
- 34 -
CITY OF COLLEGE STATION, TEXAS
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1 993)
(Continued)
Totals
(Memorandum Only)
Enterprise Internal Service
Funds Funds 1994 1993
Cash Flows from Investing Activities:
Purchase of Investments $ (9,477,480) $ (1,594,254) $ (11,071,734) $ (7,411,206)
Proceeds from Sale and Maturities of Investments 11,976,067 2,021,335 13,997,402 9,565,683
Interest on Investments 894,557 135,478 1,030,035 986,890
Other 0 0 0 (276)
Net Cash Provided By Investing Activities 3,393, 144 562,559 3,955,703 3,141,091
Net Increase (Decrease) in Cash (270,579) (6,427) (277,006) 3,042, 123
Cash and Cash Equivalents, October 1 3,723,500 513,131 4,236,631 1, 194,508
Cash and Cash Equivalents, September 30 $ 3,452,921 $ 506,704 $ 3,959,625 $ 4,236,631
Reconciliation of Operating Income to Net Cash
Provided by.Operating Activities:
Operating Income $ 9,357,691 $ 773,254 $ 10, 130,945 $ 9,646,680
Adjustments to Reconcile Operating Income to Net
Cash Provided by Operating Activities:
Depreciation 2,742,680 323,577 3,066,257 2,764,840
Amortization 14,255 0 14,255 6,695
Provision for Uncollectible Accounts 131,020 (1,355) 129,665 (185,244)
Miscellaneous Revenues 334, 196 4,951 339, 147 (25,906)
Miscellaneous Expenses (17,703) (3,850) (21,553) 111,860
Change in Assets and Liabilities:
Change in Accounts Receivable 12, 102 117,098 129,200 (670,458)
Change in Other Receivables (113,558) 0 (113,558) 193, 126
Change in Inventory 265,364 0 265,364 (271, 170)
Change in Prepaid Costs 1,225 (6,200) (4,975) (2,975)
Change in Accounts Payable (348,960) (370,696) (719,656) (588,235)
Change in Due to Other Funds 0 19,834 19,834 0
Change in Claims Payable 0 (52,943) (52,943) 0
Change in Retainage Payable 0 (17,045) . (17,045) 17,045
Change in Accrued Liabilities 72,408 (14,563) 57;845 59,214
Change in Deferred Revenues (5,341) 0 (5,341) 7,903
Change in Refundable Deposits (33,477) 0 (33,477) (63,633)
Change in Accrued Vacation 11, 183 4,366 15,549 8,727
Total Adjustments 3,065,394 3, 174 3,068,568 1,361,789
. Net Cash Provided by Operating Activities $ 12,423,085 $ 776,428 $ 13,199,513 $ 11 ,008,469
Noncash Financing, Capital and Investing Activities:
During the fiscal year, the Water and Sewer Funds added capital contributed by developers in the amount of $3,659, 759 and
$2,564,557, respectively.
The notes to the general purpose financial statements are an integral part of this statement.
-35 -
- 36 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the City of College Station, Texas ("City"), have been prepared in
conformity with generally accepted accounting principles (GAAP) as applied to government units. The
Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for
establishing governmental accounting and financial reporting principles. The more significant of the
City's accounting policies are described below.
A. REPORTING ENTITY
The financial reporting entity is defined as ( 1) the primary government and (2) those component units
for which the primary government is financially accountable. A primary government is financially
accountable for the organizations that make up its legal entity. It is also financially accountable for the
legally separate organizations if its officials appoint a voting majority of an organization's governing
body and one or both of the following conditions are met:
(a) the primary government is able to impose its will on the component unit or
(b) the primary government's relationship with the component unit poses a real or potential financial
benefit or .burden for the primary government.
Moreover, financial accountability also is deemed to exist even in the absence of simple
"accountability" (i.e., the appointment of a voting majority of the organization's governing body) if the
component unit is financially dependent upon the primary government.
A primary government has the ability to impose its will on an organization if it can significantly
influence the programs, projects, or activities of, or level of services performed or provided by, the
organization. A financial benefit or burden relationship exists if the primary government:
(a) is entitled to the organization's resources;
(b) is legally obligated or has otherwise assumed the obligation to finance the deficits of, or provide
financial support to, the organization; or
(c) is obligated in some manner for the debt of the organization.
If an organization is unable to adopt its budget, levy taxes, or set rates or charges, or issue bonded
debt without approval by the primary government, then it is deemed to be fiscally dependent on the
primary government and is included as a component unit.
Included within the reporting entity as a joint venture for the City is the Brazos Valley Solid Waste
Management Agency. The Brazos Valley Solid Waste Management Agency ("BVSWMA") was created
May 8, 1990, by the Cities of Bryan and College Station, Texas, to achieve economy of scale savings
for the participants through joint ownership and use of regional waste management facilities.
BVSWMA is governed by an Administrative Board of Trustees ("Board") comprised of the City Manager
and a staff person from each city. In addition, the Mayors of each city serve alter�ating two-year terms
on the Board, which has complete responsibility for the daily operating activities of BVSWMA. The
BVSWMA annual budget is first approved by the BVSWMA Board and is then submitted for approval
by both cities as a part of their regular budget process.
- 37 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FORTHE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
B. FUND ACCOUNTING
The City uses funds and account groups to report on its financial position and results of operations.
Fund accounting is designed to demonstrate legal compliance and to aid financial management by
segregating transactions related to certain government functions or activities.
A fund is a separate accounting entity with a self-balancing set of accounts. Government resources
are allocated to and accounted for in individual funds based upon the purposes for which they are to
be spent and the means by which spending activities are controlled. An account gro.up, on the other
hand, is a financial reporting device designed to provide accountability for certain assets and liabilities
that are not recorded in the funds because they do not directly affect net expendable available financial
resources.
Funds are classified into three categories: governmental, proprietary, and fiduciary. Each category is
divided into separate "fund types". The two broad fund categories used by the City in the
accompanying financial statements are governmental and proprietary. The separate fund types are as
follows:
Governmental Fund Types
The General Fund is the general operating fund of the City and is used to account for all financial
resources except those required to be accounted for in another fund.
Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than
major capital projects).
·
The Debt Service Fund is used to account for the accumulation of resources for, and the payment of,
general long-term debt principal, interest, and related costs.
Capital Projects Funds are used to account for financial resources to be used for the acquisition or
construction of major capital facilities (other than those financed by proprietary funds).
Proprietary Fund Types
Enterprise Funds are used to account for operations (a) that are financed and operated in a manner
similar to private business enterprises -where the intent of the governing body is that the costs
(expenses, including depreciation) of providing goods or services to the general public on a continuing
basis are to be financed or recovered primarily through user charges; or (b) where the governing body
has decided that periodic determination of revenues earned, expenses incurred, and/or net income is
appropriate for capital maintenance, public policy, management control, accountability, or other
purposes.
Internal Service Funds are used to account for the financing of goods or services provided by one
department or agency to other departments or agencies of the City, or to other governments, on a
cost-reimbursement basis.
- 38 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The account groups used by the City in the accompanying financial statements are as follows:
General Fixed Assets Account Group -This account group is established to account for all fixed
assets of the City, other than those accounted for in the proprietary funds.
General Long-Term Debt Account Group -This account group is established to account for all
long-term debt of the City except that accounted for in the proprietary funds. General long-term
debt of the City includes general obligation bonds, certificates of obligation and accrued vacation
leave.
·
C. BASIS OF ACCOUNTING
· The accounting and financial reporting treatment applied to a fund is determined by its measurement
focus. All governmental funds. are accounted for using a current financial resources measurement
focus. With this measurement focus, only current assets and current liabilities generally are included
on the balance sheet. Operatfng statements of these funds present increases and decreases in net
current assets.
All proprietary funds are accounted for on a flow of economic resources measurement focus. With this
measurement focus, all assets and all liabilities associated with the operation of these funds are
included on the balance sheet. Fund equity is segregated into contributed capital and retained earnings
components. Proprietary fund-type operating statements present increases and decreases in net total
assets.
The modified accrual basis of accounting is used by all governmental fund types. Under the modified
accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they
become both measurable and available). 11Measurable 11 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.
Those revenues susceptible to accrual are property taxes, franchise taxes, interest revenue and charges
for services. Sales taxes collected and held by the State at year-end on behalf of the City are also
recognized as revenue. Fines and permits are not susceptible to accrual becau·se generally they are not
measurable until received in cash.
Expenditures are generally recognized under the modified accrual basis of accounting when the related
fund liability is incurred. Exceptions to this general rule are the principal and interest on general
long-term debt which are recognized when due, and accrued vacation leave which is recognized when
expected to be liquidated with expendable available financial resources.
All proprietary funds are accounted for using the accrual basis of accounting. Revenues in these funds
are recognized when they are earned, and expenses are recognized when they are incurred. Utility
customers are billed monthly on a cycle-billing basis with revenues recorded when customers are billed,
except at year-end when unbilled revenues are accrued.
- 39 -
CITY OF COLLEGE STATION, TEXAS
N·OTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
D. POWER COST RECOVERY
The City is allowed to recover purchased power costs as power cost adjustments. This power cost
recovery allows for the pass-through of power costs to the customers and has no impact on net
income. The amount of any under or over recovered purchased power costs at year-end was not
material.
E. BUDGETS AND BUDGETARY ACCOUNTING
The City follows these procedures in establishing the budgetary data reflected in the financial
statements:
1) Prior to September 1 , the City Manager submits to the City Council a proposed operating budget
for the fiscal year commencing the following October 1. The operating budget includes
proposed expenditures and the means of financing them.
2) All budget requests are compiled by the Finance Department and presented 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 expenditure 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 $10,000.
All other transfers must be approved by City Council. City Council may tra,nsfer amounts among
individual budget line items ,within major expenditure categories during the year, but no such
transfer may increase the overall total of the budget. 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 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.
7) 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 which
have not been expended or lawfully encumbered lapse at the end of the budget year.
8) Formal budgetary integration is legally enacted and employed as a management control device
during the year for all funds.
- 40 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1 � SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The General Fund budget is adopted on a basis that differs from GAAP, as follows:
(a) The City does not include in General Fund budgetary amounts revenue or expenditure activity
for the Fireman's Relief Fund, the Cemetery Perpetual Care Fund, or the College Station Business
Park Fund which are combined with the General Fund for reporting purposes.
(b) General Fund budgetary amounts do not include provisions for adjustments in inventory, the
allowance for uncollectible accounts receivable, or the capitalization of salaries for capital
improvements projects.
Adjustments necessary to convert the General Fu rid revenues at September 30, 1 994, on the GAAP
basis to the budgetary basis are as follows:
Revenues and Other Financing Sources -GAAP Basis
Reconciling Items:
College Station Business Park Fund Revenues and Other Financing Sources
Cemetery Perpetual Care Fund Revenues
Fireman's Relief Fund Revenues
Reclass Disbursement from Revenue to Expenditure
Correction of Interest on Investments
Total Reconciling Items
Total Revenues and Other Financing Sources -Budget (Non-GAAP Basis)
$ 21,462,577
(2,719,767)
(19,118)
(232)
(56,255)
11, 722
(2, 783,650)
$ 18,678,927
Adjustments necessary to convert the General Fund expenditures at September 30, 1994, on the GAAP
basis to the budgetary basis are as follows:
Expenditures and Other Financing Uses -GAAP Basis
Reconciling Items:
College Station Business Park Fund Expenditures and Other Financing Uses
Cemetery Perpetual Care Fund Expenditures
Fireman's Relief Fund Expenditures
Inventory Adjustment
Allowance tor· Uncollectible Accounts
Capitalized Salaries
Reclass Disbursement from Revenue to Expenditure
Other
Total Reconciling Items
Total Expenditures and Other Financing Uses -Budget {Non-GAAP Basis)
$ 18,923,083
{686,086)
{ 155)
1, 195
(26,494)
(113,706)
21,326
(56,255)
(1, 182)
(861,357)
$ 18,061, 726
Budgets for the Special .Revenue Funds, Debt Service Fund, and Capital Projects Funds are adopted on
a basis consistent with GAAP.
- 41 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Budgets for the Enterprise Funds are adopted on a basis consistent with GAAP, except for the following
significant items:
(a) Capital outlay is included in the budget as an expense item.
(b) The budget treats principal payments for General Obligation Bonds and Certificates of Obligation
serviced by the Electric, Water, and Sewer Funds and for Utility Revenue Bonds as an expense item.
(c) Enterprise Fund budgetary amounts do not include provisions for adjustments in inventory or the
allowance for uncollectible accounts receivable.
(d) Budgeted revenue amounts do not include a provision for revenue accruals.
The budget for the Internal Service Funds are adopted on a basis consistent with GAAP, except that
capital outlay is included in the budget as an expense item.
Budgetary comparisons presented in the report are on the aforementioned budgetary basis. Budgetary
amounts are as originally adopted, or as amended by the City Council. Individual amendments were
not material in relation to the original appropriations which were amended.
F. 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, repurchase
agreements, and government securities and agency notes with original maturities of three months or
less when purchased.
The City uses a pooling method to account for cash and cash equivalents. Equity in cash and cash
equivalents and interest income from the cash pool is 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
pooi to the total pool.
G. INVESTMENTS
Investments of all funds consist mainly of U. S. Treasury and Agency securities, bank certificates of
deposit, and investments in public funds investment pools (T exPool). Investments are stated at cost
or .amortized cost which approximates market value.
State statutes authorize the City to invest in fully-insured time deposits, direct debt securities of the
United States, 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-vs.-payment and held in the City's name
in a safekeeping account at Texas Commerce Bank of Houston.
-42 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Investments are made in accordance with the City's Investment Policy which was adopted by the City
Council on April 12, 1990. This policy is applicable to all City funds and permits investment in
obligations of the U. S. Government or its agencies, repurchase agreements made in compliance with
State of Texas Statutes, time certificates of deposit or savings accounts in state or national banks
located within the State of Texas, public funds investment pools, and money market mutual funds.
This policy designates the Director of Finance as the City's Investment Officer with whom responsibility
and authority for investment transactions reside.
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.
H. INVENTORY
Inventory is valued at cost, which approximates market, using the first-in, first-out method. The costs
of governmental fund type and proprietary fund inventories are recorded as expenditures/expenses
when consumed rather than when purchased.
I. PREPAID COSTS
Payments made to vendors for services that will benefit periods beyond September 30, 1994, are
recorded as prepaid costs.
J. RESTRICTED ASSETS
In the enterprise funds, proceeds of utility revenue bonds, 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. In the
General Fund, restricted assets are comprised of Municipal Court cash bonds, cemetery perpetual care
funds and fireman's relief funds, all of which are not available for. operations.
K. 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 13.
L. FIXED ASSETS
General fixed assets have been acquired for general government purposes. Asset purchases are
recorded as expenditures in the governmental fund types and capitalized in the General Fixed Assets
Account Group at cost where historical records are available and at an estimated· historical cost where
no historical records exist. Donated fixed assets are valued at their estimated fair market value. Public
domain fixed assets consisting of improvements other than buildings are also included in the General
Fixed Assets Account Group.
- 43 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
No depreciation has been provided on general fixed assets, nor has interest been capitalized.
Property and equipment owned by the Enterprise Funds and the Internal Service Funds is stated at the
historical cost of acquisition, construction or, with respect to contributions of construction from third
parties (principally developers), at fair market value. In accordance with Financial Accounting
Standards Board Statement No. 71, interest is not capitalized during construction because interest is
recovered currently in the City's established rate.
Maintenance, repairs and minor renewals are charged to operating expense; major property
replacements are capitalized.
Depreciation is recorded in the above funds on a straight-line basis over the following estimated service
lives:
Utility Systems
Buildings and Improvements
Equipment
M. COMPENSATED ABSENCES
25 -40 years
5 -50 years
3 -10 years
Employees are credited with vacation at rates of 1 0 to 1 5 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 leave that is expected to be liquidated with expendable
available financial resources is reported as an expenditure and a liability of the General Fund. Amounts
of accumulated vacation leave that are not expected to be liquid?ted with expendable available financial
resources are. reported in the General Long-Term Debt Account Group. -
Employees are credited with sick leave at the rate of one day per month and are allowed to accumulate
up to 120 days. Payment for unused accumulated sick leave is not made to employees by the City
and, accordingly, no liability has been recorded in the financial statements.
N. LONG-TERM OBLIGATIONS
Long-term debt is recognized as a liability of a governmental fund when due or when resources have
been accumulated in the Debt Service Fund for payment early in the following year. For other
long-term obligations, only that portion expected to be financed from expendable available financial
resources is reported as a fund liability of a governmental fund. The remaining portions of such
obligations are reported in the General Long-Term Debt Account Group.
Long-term liabilities directly related to and financed from proprietary fund operations are accounted for
in those funds. All other unmatured long-term indebtedness of the City is accounted for in the General
Long-Term Debt Account Group.
-44 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
0. ENCUMBRANCES
Encumbrance accounting, under which purchase orders, contracts and other commitments for the
expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is
employed as an extension of formal budgetary integration in the governmental fund types.
Encumbrances outstanding at year end are reported as reservations of fund balances since they do not
constitute expenditures or liabilities in the general purpose financial statements.
P. FUND EQUITY
Contributed capital is recor�ed in proprietary funds that have received capital grants or contributions
from developers, customers or other funds. Reserved balances represent those portions of fund equity
not appropriable for expenditure or legally segregated for a specific future use. Designated fund
balances represent tentative plans for future use of financial resources.
Q. BOND DISCOUNTS/ISSUANCE COSTS
In governmental fund types, bond discounts and issuance costs are recognized as expenditures in the
current period. Bond discounts and issuance costs for proprietary fund types are deferred and
amortized over the term of the bonds using the straight-line method. Bond discounts are presented as
a reduction of the face amount of bonds payable, and issuance costs are recorded as deferred charges.
R. INTERFUND TRANSACTIONS
Quasi-external transactions are accounted for as revenues, expenditures or expenses. Transactions
that constitute reimbursements to a fund for expenditures/expenses initially made from that fund, which
are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund
and as reductions of expenditures/expenses in the fund that is reimbursed. lnterfund transactions other
than quasi-external transactions and reimbursements are reported as operating transfers.
S. STATEMENTS OF CASH FLOWS
The City has elected to use the direct method in presenting the Statements of Cash Flows for each of
the Proprietary and Internal Service Funds.
T. MEMORANDUM ONLY -TOTAL COLUMNS
Total columns on the General Purpose Financial Statements are captioned "Memorandum Only" to
indicate that they are presented only to facilitate financial analysis. Data in these columns does not
present financial position, results of operations, or cash flows in conformity with generally accepted
accounting principles. Neither is such data comparable to a consolidation. lnterfund eliminations have
not been made in the aggregation of this data.
- 45 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
U. COMPARATIVE DATA/RECLASSIFICATIONS
Comparative total data for the prior year have been presented in the accompanying financial statements
in order to provide an understanding of changes in the City's financial position and operations.
However, comparative data have not been presented in all statements because their inclusion would
make certain statements unduly complex and difficult to understand. Also, certain amounts presented
in the prior year data have been reclassified in order to be consistent with the current year's
presentation.
2. DEPOSITS AND INVESTMENTS
At year-end, the carrying amount of the City's cash and time deposits was $6,871,270 and the bank
balance was $6,864,951. Cash and time deposits included investments in the state investment·pool
amounting to $5,916,489 and a $52, 116 certificate of deposit committed for cemetery perpetual care.
Balance sheet amounts for unrestricted and restricted cash and cash equivalents at September 30,
1994, are as follows:
Unrestricted cash and cash equivalents
Restricted cash and cash equivalents
Total Cash and Cash Equivalents
$ 5,572,948
1,298,322
$ 6,871,270
The bank balance and certificate of deposit were entirely covered by federal depository insurance or
by pledged collateral held by the City's third-party custodian in the City's name. The state investment
pool represents short term investments in a pool managed by another government for which risk
categorization is not appropriate because the City's investment is not evidenced by securities that exist
in physical or book entry form.
The City's investments at September 30, 1994, are shown below. The carrying amount is the cost
at date of purchase and approximates market value, except for U.S. Government Obligations, and
Government Agency Notes, where market values may be independently obtained:
Carrying Market
Amount Value
U.S. Government Obligations $ 16, 103,897 $ 10,791,221
Government Agency Notes 6, 166,739 11,687,820
Total Investments $ 22,270,636 $ 22,479,041
All of the City's investments consist of U.S. Government Securities and repurchase agreements of U.S.
Government Securities and are held by its agent in the City's name (Category One credit risk).
3. PROPERTY TAXES
Property is appraised and a lien on such property becomes enforceable as of January 1. Taxes are
levied and payable on October 1. The Brazos County Tax Office bills and collects property taxes for
- 46 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30 , 1994
3. PROPERTY TAXES (continued)
the City. City property tax revenues are recognized when levied to the extent that they are collected
in the current year. The balance is reported as deferred revenues. Taxes become delinquent February
1 of the following year and are subject to interest and penalty charges.
The City is permitted by the State of Texas to levy taxes up to $2.50 per $100 of assessed valuation
for general governmental services and for the payment of principal and interest on general long-term
debt. The combined current tax rate to finance general government services including debt service for
the year ended September 30, 1994, was $.4450 per $100 of assessed 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% of its appraised value. Real property must be reappraised at least every four 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 8 % , qualified voters of the City may petition for an election to determine whether to limit the tax
rate to no more than 8 % above the tax rate of the previous year.
4. NOTES RECEIVABLE
General Fund:
During 1991, the City sold a roller valued at $73,800 to the Brazos Valley Solid Waste Management
Agency ("BVSWMA") in exchange for a promissory note to be repaid in semi-annual installments over
a period of six years at 8 % (see Note 13).
Special Revenue Funds:
In 1988, the City initiated a Community Development Loan Program which provides loans to eligible
applicants from Community Development Block Grant funds. The $209,467 balance in the Special
Revenue Funds represents the outstanding principal for these loans at September 30, 1994.
Debt Service Fund:
During 1991, the City loaned BVSWMA $625,000 for the purchase of equipment in exchange for an
eight year 6 % note to be repaid in semi-annual installments (see Note 1 3).
- 47 -
5. FIXED ASSETS
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
A summary of changes in general fixed assets for the year ended September 30, 1994, is as follows:
Retirements
Beginning Additions and and Ending
Balance Transfers In Transfers Out Other Balance
Land $ 7,437,029 $ 12,475 $ 0 $ 0 $ 7,449,504
Buildings and Building
Improvements 13,218,308 18,691 14, 191 41,000 13,263,808
Improvements 14,547,211 1,929,897 0 0 16,477, 108
Machinery, Tools and
Equipment 10,358,898 696,063 340,630 0 10,714,331
Parks System 8,702, 166 198,821 6 0 8,900,987
Construction in Progress 1,406,569 2,509,884 2,317,478 0 1,598,975
Total $ 55,670, 181 $ 5,365,831 $ 2,672,299 $ 41,000 $ 58,404,713
A summary of proprietary fund type property and equipment at September 30, 1994, is as follows:
Combined Equipment
Utility Solid Waste Replacement Landfill
Funds Collection Fund Fund Fund Total
Electric System $ 27,700,885 $ 0 $ 0 $ 0 $ 27,700,885
Water System 32,619,794 0 0 0 32,619,794
Sewer System 25,971,595 0 0 0 25,971,595
Machinery & Equipment 1,907,817 2,412,759 2,672,736 36,530 7,029,842
Buildings & Improvements 1,710,414 0 0 0 1,710,414
Land 976,787 0 0 0 976,787
Construction in Progress 5,411,866 0 8,812 0 5,420,678
Total 96,299, 158 2,412,759 2,681,548 36,530 101,429,995
Less Accumulated
Depreciation (24,896, 123) ( 1,526,695) (533,228) (20,824) (26,976,870)
Net $ 71,403,035 $ 886,064 $ 2, 148,320 $ 15,706 $ 74,453, 125
- 48 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
6. LONG-TERM DEBT
The following is a summary of long-term debt transactions for the year ended September 30, 1994:
Beginning Incurred/ Matured/ Ending
Balance Issued Retired Balance
Governmental Fund Tyges
General Obligation Bonds $ 19,014,385 $ 0 $ 1,986,045 $ 17,028,340
Contractual Obligation 0 400,000 80,000 320,000
Certificate of Obligation 0 3,460,000 0 3,460,000
Accrued Vacation Leave 579,331 534,620 503,280 610,671
Subtotal 19,593,716 4,394,620 2,569,325 21,419,011
Progrietary Fund T yges
Utility Revenue Bonds 24, 170,000 0 2,335,000 21,835,000
General Obligation Bonds
Serviced by Utility Revenues 1, 775,615 0 378,955 1,396,660
Certificates of Obligation
Serviced by Utility Revenues 157,200 0 26,200 131,000
Accrued· Vacation Leave:
Electric Fund 107,551 126,663 119,645 1141569
Water Fund 35,527 34,252 42,039 27,740
Sewer Fund 29,761 39,677 32,494 36,944
Solid Waste Collection Fund 23,873 25,676 20,907 28,642
Landfill Fund 11,914 15,026 10,660 16,280
Obligations Under Capital Lease
(Note 12) 1,826,478 0 494,221 1,332,257
Subtotal 28, 137,919 241,294 3,460, 121 . 24,919,092
Total Long-Term Debt $ 47,731,635 $ 4,635,914 $ 6,029,446 $ 46,338, 103
- 49 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, i 994
6. LONG-TERM DEBT (Continued)
Long-term debt at September 30, 1994, consisted primarily of bonds maturing serially and is summarized as
follows:
Interest Series Principal
Rates(%) Matures Balance
General Obligation Bonds:
1976 Issue 4.00-6.00 1997 $ 225,000
1978 I Issue 4.70-6.00 1998 130,500
1978 II Issue 5.15-5.80 1999 770,000
1984 Issue 9.50-11.00 1995 450,000
1 987 Refunding Issue 4.50-7.70 2004 7,352,840
1988 Refunding Issue 6.15-8.15 1996 1,475,000
1989 Issue 6.50-8.50 2005 2,425,000
1991 Issue 5.50-7.50 2012 4,200,000
Subtotal 17,028,340
Certificates of Obligation:
1993 Issue 70% of prime 1998 320,000
1994 Issue 68% of prime 1999 . 3,460,000
Subtotal 3,780,000
Utility Revenue Bonds:
1 985 Refunding Issue 6.00-9.50 200.1 11,495,000
1990 Issue 6.50-8.50 2006 4,500,000
1993 Issue 4.05-6.50 2013 5,840,000
Subtotal 21,835,000
General Obligation Bonds Serviced
by Utility Revenues:
1976 Issue 4.00-6.00 1997 675,000
1978 I Issue 4.70-6.00 1998 594,500
1 987 Refunding Issue 4.50-7.70 2004 127, 160
Subtotal 1.396,660
Certificates of Obligation Serviced
by Utility Revenues:
Utility Service Center 12.00 1999 131,000
Subtotal 131,000
Total $ 44, 171,000
- 50 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
6. LONG-TERM DEBT (Continued)
Debt service requirements to maturity for all long term debt is summarized as follows:
General Certificates
Obligation Bonds of Obligation
Year Principal Interest Principal
1995 $ 1,856, 130 $ 1,088,804 $ 1,080,000 $
1996 3,058,735 917,863 1,080,000
1997 1,714,075 758,759 1,080,000
1998 1,623,915 645, 186 280,000
1999 1,588,255 533,653 260,000
2000-2004 5,012,230 1,462,307 0
2005-2009 1,425,000 415,239 0
2010-2012 750,000 62,500 0
TOTAL $ 17,028,340 $ 5,884,311 $ 3,780,000 $
Certificates of Obligation Utility
Interest
211,229
147,480
88,700
29,500
14,300
0
0
0
491,209
Serviced by Utility Revenues Revenue Bonds
Year Principal Interest Principal Interest
1995 $ 26,200 $ 15,720 $ 2,625,000 $ 1,551,525
1996 26,200 12,576 2,780,000 1,316,840
1997 26,200 9,432 2,745,000 1,080,413
1998 26,200 6,288 2,595,000 853,674
1999 26,200 3,144 2, 195,000 651,355
2000-2004 0 0 5,645,000 1,597,793
2005-2009 0 0 2,250,000 514,313
2010-2012 0 0 1,000,000 111;875
TOTAL $ 131,000 $ 47, 160 $ 21,835,000 $ 7,677,788
General Obligation Bonds
Serviced by Utility Revenues
Year Principal Interest
1995 $ 378,870 $ 59,076
1996 386,265 40,271
1997 385,925 22,882
1998 181,085 9,478
1999 16,745 4,168
2000-2004 47,770 7,725
TOTAL $ 1,396,660 $ 143,600
- 51 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
6. LONG-TERM DEBT (Continued)
All the net revenues of the Utility Fund 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
resolution, include substantially all of the revenues and expenses of the Utility Fund other than certain
interest income and expense, and depreciation and amortization. This bond resolution further requires 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.
In prior years the City defeased certain revenue refunding bonds totaling $40,e45,000 and certain general
obligation bonds and certificates of obligation totaling $11 ,821 , 126 by placing the proceeds of the refunding
bonds in an irrevocable trust to provide for all future debt service on the refunded bonds. Accordingly, the
trust account assets and the liability for the def eased bonds are not included in the City's general purpose
financial statements. At September 30, 1994, the outstanding principal balance of these defeased revenue
refunding bonds was $16,210,000. At September 30, 1994, the outstanding principal balance of the
deteased general obligation bonds and certificates of obligation was $6,900,000.
7. BONDS AVAILABLE FOR SALE
Authorized general obligation bonds available for future issue are as follows:
Year
Authorized
Street Improvements 1990 $
Parks Improvements 1990
Drainage Improvements 1984
Public Buildings (Fire Station #4) 1984
Oversize Participation -Bridges 1984
Civic Center 1976
TOTAL $
Un issued
Amount
1,750,000
250,000
1,230,000
700,000
. 500,000
500,000
4,930,000
Revenue bonds, authorized in fiscal 1984, remain unissued in the amount of $2,615,000 and are available
for future use.
-52 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
8. CONTRACT WITH THE TEXAS MUNICIPAL POWER AGENCY
The City began purchasing 100% of its electrical power requirements from the Texas Municipal Power
Agency ("TMPA") on December 30, 1991. Under this contract, TMPA shall initially provide the City with
110 MW of electrical power at the following rates:
Demand Charge
Energy Charge
$ 11 . 78 per KW
$ 2.00 per MWH
The contract also includes a provision for consideration of the City as an equal member in the future
generation projects built by TMPA.
The City's monthly electrical bill averaged $1,891,08 5 during the year.
9. RETIREMENT PLAN
Plan Description
The City provides pension benefits for all of its full-time employees through a nontraditional, joint
contributory, defined contribution plan in the state-wide Texas Municipal Retirement System ("TMRS"), one
of over 636 administered by TMRS, an agent multiple-employer public employee retirement system. It is
the opinion of the TMRS management that the plans in TMRS are substantially defined contribution plans,
but they have elected to provide additional voluntary disclosure to help foster a better understanding of
some of the nontraditional characteristics of the plan.
Benefits depend upon the sum of the employee's contributions to the plan, with interest, and the
City-financed monetary credits, with interest. At the date the plan began, the City granted monetary credits
for service rendered before the plan began of a theoretical amount equal to two times what would have
been contributed by the employee, with interest, prior to establishment of the plan. Monetary credits for
service since the plan began are 200 percent of the employee's accumulated contributions. In addition, the
City can grant as often as annually another type of monetary credit referred to as an updated service credit
which is a theoretical amount which, when added to the employee's accumulated contributions and the
monetary credits for service since the plan began, would. be the total monetary credits and employee
contributions accumulated with interest if the current employee contribution rate and City matching percent
had always been in existence and if the employee's salary had always been the average of his salary in the
last three years that are one year before the effective date. At retirement, the benefit is calculated as if the
sum of the employee's accumulated contributions with interest and the employer-financed monetary credits
with interest were used to purchase an annuity.
Members can retire at ages 60 and above with 10 or more years of service or with 25 years of service
regardless of age. The plan also provides death and disability benefits. A member is vested after 10 years,
but he must leave his accumulated contributions in the plan. If a member withdraws his own money, he
is not entitled to the employer-financed monetary credits, even if he was vested. The plan provisions are
adopted by the governing body of the City, within the options available in the state statutes governing
TMRS and within the actuarial constraints also in the statutes.
- 53 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
9. RETIREMENT PLAN (Continued)
Contribution Requirements
The contribution rate for employees is 5%, and the City matching percent is currently 200%, both as
adopted by the governing body of the City. Under the state law governing TMRS, the City contribution rate
is annually determined by the actuary. This rate consists of the normal cost contribution rate and the prior
service contribution rate, both of which are calculated to be a level percent of payroll from year to year. The
normal cost contribution rate finances the currently accruing monetary credits due to City matching percent,
which are the obligation of the City as of an employee's retirement date, not at the time the employee's
contributions are made. The normal cost contribution rate is the actuarially determined percent of payroll
necessary to satisfy the obligation of the City to each employee at the time his retirement becomes
effective. The prior service contribution rate amortizes the unfunded actuarial liability over the remainder
of the plan's 25-year amortization period. When the City periodically adopts updated service credits and
increases in annuities in effect, the increased unfunded actuarial liability is to be amortized over a new
25-year period. Currently, the unfunded actuarial liability is being amortized over the 25-year period which
began January, 1 994. The unit credit actuarial cost method is used for determining the City contribution
rate. Contributions are made monthly by both the employees and the City. Since the City needs to know
its contribution rate in advance to budget for it, there is a one-year lag between the actuarial valuation that
is the basis for the rate and the calendar year when the rat�:, JOes into effect.
The City's total payroll in fiscal year 1994 was $16, 7 5 7 ,{E> md the City's contributions were based on
a payroll of $16,049, 130. Both the City and the covered �:�mployees made the required contributions,
amounting to $980, 194 (5.92% of covered payroll for the months in calendar year 1993, 5.06% normal
cost plus 0.86% to amortize the unfunded actuarial liability, and 6.17% for the months in calendar year
1994, 5.24% normal cost plus 0.93% to amortize the unfunded actuarial liability) for the City and
$802,467 (5%) for the employees. The City adopted changes in the plan since the previous actuarial
valuation, which had the effect of increasing the City's contribution rate for 1994 by 0.04% of payroll.
Funding Status
Even though the substance of the City's plan is not to provide a defined benefit in some form, some
additional voluntary disclosure is appropriate due to the nontraditional nature of the defined contribution plan
which had an initial unfunded pension benefit obligation due to the monetary credits granted by the City
for services rendered before the plan began and which can have additions to the unfunded pension benefit
obligation through the periodic adoption of increases in benefit credits and benefits. Statement No. 5 of the
Governmental Accounting Standards Board (GASB 5) defines pension benefit obligation as a standardized
disclosure measure of the actuarial present value of pension benefits, adjusted for the effects of projected
salary increases, estimated to be payable in the future as a result of employee service to date. The measure
is intended to help users assess the funding status of public employee pension plans, assess progress made
in accumulating sufficient assets to pay benefits when due, and make comparisons among public employee
pension plans.
The pension benefit obligation shown below is similar in· nature to the standardized disclosure measure
required by GASB 5 for defined benefit plans except that there is no need to project salary increases since
the benefit credits earned for service to date are not dependent upon future salaries. The calculations were
made as part of the annual actuarial valuation as of December 31, 1993. Because of the money-purchase
nature of the plan, the interest rate assumption, currently 8.5% per year, does not have as much impact
- 54 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
9. RETIREMENT PLAN (Continued)
on .the results as it does for a defined benefit plan. Market value of assets is not determined for each City's
plan, but the market value of assets for TMRS as a whole was 118.0% of book value as of December 31,
1993.
The total unfunded pension benefit at December 31, 1993, the latest available information, was
$3,371,860 as follows:
Pension Benefit Obligation:
Annuitants Currently Receiving Benefits
Terminated Employees
Current Employees:
Accumulated Employee Contributions Including
Allocated Invested Earnings
Employer-Financed Vested
Employer-Financed Nonvested
Total
Net Assets Available for Benefits, at Book Value
Unfunded. Pension Benefit Obligation
$
$
1993
1,761,974
2,324,016
7,201,889
9,519, 184
. 1,910,459
22,717,522
19,345,662
3,371,860
The book value of assets is amortized cost for bonds and original cost for short-term securities and stocks.
The actuarial assumptions used to compute the actuarially determined City contribution rate are the same
as those used to compute the pension benefit obligation. The amounts above reflect the adoption of
changes in the plan since the previous actuarial valuation, which had the effect of increasing the pension
benefit obligation by $105,042.
-55 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1 994
9. RETIREMENT PLAN (Continued)
Trend Information
Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits
when due. Applicable historical trend information concerning this plan is presented below. Complete trend
information prior to 1987 is unavailable. Additional historical trend information will be presented as it
becomes available.
Year Ended
December 30
1987
1988
1989
1990
1991
1992
1993
Year Ended
December 30
1987
1988
1989
1990
1991
1992
1993
Year Ended
December 30
1987
1988
1989
1990
1991
1992
1993
Net Assets
Available
for Benefits
$ 7,299,624
8,806,929
10, 123,841
11,509,969
13,710,302
16, 151,960
19,345,662
Unfunded
Pension
Benefit
Obligation
$ 2,553,147
2,242,546
2,347,262
2,390, 149
2, 112,332
2,466,704
3,371,860
Employer
Contributions
$ 680,759
652,444
730,712
822,349
878,349
883,753
980, 194
Pension
Benefit
Obligation
$ 9,852,771
11,049,475
12,471, 103
13,900,118
15,822,634
18,618,664
22,717,522
Annual
Covered
Payroll
$12,861,559
11,028,053
11,949,309
12,971,271
13,792,527
14,658,546
16,049,130
Employee
Contributions
$ 643,995
551,417
597,473
648,573
689,686
732,941
802,467
- 56 -
Net Assets Available
as a Percent of
Pension Benefit
Obligation
74%
80%
81%
83%
87%
87%
85%
Unfunded Pension
Benefit Obligation as a
Percentage of Annual
Covered Payroll
20%
20%
20%
18%
15%
17%
21%
Employer Contributions
as Percentage of
Annual Covered Payroll
5.3%
5.9%
6.1%
6.3%
6.4%
6.0%
6.1%
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
9. RETIREMENT PLAN (Continued)
Post Retirement Benefits
In addition to providing pension benefits, the City provides certain health care benefits for retired employees
as established by City Resolution No. 9-1 3-90-5. 10, which was passed and approved by the City Council
on September 13, 1990. Substantially all employees may become eligible for such benefits if they reach
normal retirement age while working for the City. The health care benefits are provided through a
self-insurance plan administered by Donovan Benefit Systems (see Note 14). During fiscal year 1994, five
retirees were eligible under this plan; however, claims filed by these retirees were not material.
Fireman's Relief and Retirement Fund
The City's General Fund is used to account for the accumulation of resources and the payment of annuities
and related administrative costs of the Fireman's Relief and Retirement Fund, a closed, single-employer,
defined contribution plan. Resources are contributed by the City at an annual fixed rate. The City has
voluntarily contributed amounts as needed to maintain the solvency of the fund. The potential future
liabilities related to these payments appear to be minimal ·due to the fact that there are no additional
firefighters who could become eligible for these $25 per month payments in the future. Cur�ently, seven
retirees and four widows receive benefits.
Total assets of the plan are included in the General Fund as a portion of the restricted cash balance. All
qualitative and quantitative disclosures as required by the Governmental Accounting Standards Board are
not made for the Fireman's Relief and Retirement Fund because such plan is not considered to be material.
10. SEGMENT INFORMATION OF ENTERPRISE FUNDS
The City maintains four enterprise funds. Segment information for the year ended September 30, 1994,
is as follows (amounts in thousands):
Solid Waste
Electric Water Sewer Collection
Fund Fund Fqod Fu pd Total
Operating Revenues $ 33,821 $ 6,203 $ 5,216 $ 3,051 $ 48,291
Operating Expenses (Excluding
Depreciation and Amortization) (27,880) (2,942) (2,876) (2,492) (36, 190)
Depreciation and Amortization (907) (876) (667) (293) (2,743)
Operating Income 5,034 2,385 1,673 266 9,358
Operating Transfers, Net (3, 116) (600) (550) (141) (4,407)
Net Income 2,104 1,066 576 800 4,546
Property and Equipment Additions 4,405 4,069 4, 151 39 12,664
Net Working Capital 12,867 223 1,518 601 15,209
Total Assets 38,966 27,714 27,251 3,330 97,261
Bonds and Other Long-Term Liabilities -
Excluding Current Portion 5,081 7,299 9,243 858 22,481
Total Equity $ 28,037 $ 18,650 $ 16,409 $ 2,253 $ 65,349
- 5 7 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
11. OPERATING TRANSFERS
Individual fund operating and other transfers out and corresponding operating transfers in for fiscal 1 994
were as follows:
Operating Transfers Out Operating Transfers In
General Capital Equipment
General GOB 1991
Hotel/Motel Tax Debt Service
Hotel/Motel Tax GOB 1991
Solid Waste Collection General
Electric General
Water General
Sewer General
12. COMMITMENTS AND CONTINGENCIES
Amount
$ 105,000
340,000
10,762
374,000
141,450
3,116,079
600,000
550,000
Minimum future lease payments and present value of the net minimum lease payments for capital leases
for waterwell and water storage facilities are as follows:
Year Ending September 30 Total
1995 $ 293,586
1996 250,813
1997 250,813
1998 250,813
1999 250,813
2000 -2001 323,271
Total minimum lease payments 1,620,109
Less imputed interest (225,148)
Present value of net minimum
lease payments $ 1,394,961
At September 30, 1994, · the City had oversized participation construction commitments totaling
$1,352,040. These construction commitments result from development agreements with subdividers in
which the City, under certain conditions, agrees to participate in the cost of constructing streets, water
distribution lines, sanitary sewer lines, bridges or culverts.
The City is contingently liable for lawsuits and other claims in the ordinary course of its operations. The
settlement of such contingencies under the budgetary.process would require appropriation of revenues yet
to be realized and would not materially affect the financial position of the City at September 30, 1994.
-58 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
13. JOINT VENTURE
In May 1990, the City of College Station joined the City of Bryan in creating BVSWMA. The primary
purpose of BVSWMA is to achieve economy of scale savings for the participants through joint ownership
and use of regional waste management facilities. Each city holds a 50% interest and ownership in
BVSWMA.
BVSWMA is governed by an Administrative Board of Trustees ("Board") comprised of the City Manager and
a staff person from each city; in addition, the Mayors of each city serve alternating two-year terms on the
Board. The Board has complete responsibility for the daily operating activities of BVSWMA. After Board
approval, the BVSWMA annual budget is presented for approval by both cities as a part of their regular
budget.
On May 8, 1990, the City transferred assets in the form of property permitted for landfill use and landfill
equipment to BVSWMA in exchange for a note payable of $976,000, with the remaining consideration
representing contributed capital of $85, 100. The City's Solid Waste Collection Fund realized a gain of
$626, 795 on the transaction. BVSWMA recorded the transferred assets at their appraised values. The
note accrues interest at a rate of 8 % and is payable in semi-annual installments commencing November 1 ,
1990, and ending May 1, 2000.
The City's share of BVSWMA's net income for fiscal 1994 was $779,075.
The City has been contracted as the operator of the BVSWMA landfill. The City's Landfill Fund acco�nts
for the operator activity, and the City is reimbursed by BVSWMA for all operating expenses of the Landfill
Fund, which were $1, 165,036 in 1994.
- 59 -
13.
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
JOINT VENTURE (Continued)
The following is a summary of information from the audited financial statements of BVSWMA as of
September 30, 1994, and 1993.
1994 1993
Assets
Current Assets $ 2,838,647 $ 1,307,085
Property, Plant and Equipment
(Net of $957,928 Accumulated Depreciation at
1994 and $687,641 at 1993) 1,884,951 1,889, 155
Other Assets 155,834 165,834
Total Assets $ 4,879,432 $ 3,362,074
Liabilities:
Current Liabilities $ 495,575 $ 372,561
Notes Payable -Noncurrent 1,529,819 1,817,412
Accrued Post Closure Maintenance Costs 1,480,207 1, 106,422
Total Liabilities 3,505,601 3,296,395
Fund Equity:
Contributed Equity 170,200 170,200
Retained Earnings (Deficit) 1,203,631 (104,521)
Total Fund Equity 1,373,831 65,679
Total Liabilities and Fund Equity $ 4,879,432 $ 3,362,074
Total Operating Revenues $ 3,503,051 $ 2,773,863
Total Operating Expenses 2,245,325 2,797,840
Operating Income (Loss) 1,257,726 (23,977)
Net Nonoperating Revenues (Expenses) 50,426 (84,904)
Net Income (Loss) $ 1,308, 152 $ {108,881}
Debt:
Current $ 287,593 $ 267,252
Long Term 1,529,819 1,817,412
Total $ 1,817,412 $ 2,084,664
-60 -
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
14. RISK MANAGEMENT
The City is self-insured for health benefits, and the plan is administered by Donovan Benefit Systems. The
Employee Benefits Fund is funded monthly by contributions from employees and from the operating funds
of the City. These contributions are determined based on anticipated claims for the subsequent year. The
City has a stop-loss insurance policy that limits its liability to $75,000 per individual per year with an
aggregate, annual liability of $1,200,000. The liability for outstanding losses includes $118,401 for claims
incurred but not reported as of September 30, 1 994.
The City is also self-insured for workers' compensation benefits, and the plan is administered by Old
Republic Insurance Company. The City has a stop-loss insurance policy that limits its liability per employee
to $500,000 per incident. The amount for estimated outstanding losses for claims incurred but not reported
is not material.
The City uses internal service funds to account for its risk-management activities. In addition, interfund
premiums are reported as quasi-external transactions.
15. RESERVATIONS OF FUND BALANCES AND RETAINED EARNINGS
Fund balances have been reserved at September 30, 1994, as follows:
General Fund:
Reserved for Inventory $ 167,275
Reserved for Encumbrances 1,310,710
Reserved for Prepaid Costs 2,863
Reserved for Fireman's Relief and Retirement Fund 6, 112
Reserved for Capital Projects 952,865
Total General Fund Reserved 2,439,825
Special Revenue Funds:
Reserved for Encumbrances 88,719
Reserved for Property Held for Resale 92,000
Total Special Revenue Funds Reserved 180,719
Debt Service Fund: Reserved for Debt Service 1,381,755
Capital Projects Funds:
Reserved for Encumbrances 1,935,276
Reserved for Prepaids 1,000
Total Capital Projects Funds Reserved 1,936,276
Total Reserved Fund Balances $ 6,009,419
Reserved retained earnings designations for the Enterprise Funds at September 30, 1994, are as follows:
Reserved for Debt Service
Reserved for Capital Projects
Total Reserved Retained Earnings
-61 -
$ 1,842,265
2,278, 171
$ 4,120,436
CITY OF COLLEGE STATION, TEXAS
NOTES TO GE N ERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
16. DEFICIT RETAINED EARNINGS/FUND BALANCES
The Community Development Fund recorded a $172,211 deficit unreserved fund balance at the end of
fiscal 1994. This deficit can be attributed to purchase orders still outstanding at September 30, 1994.
Since the City has a policy of requesting grant money after actual expenditures have occurred, the fund
balance in this fund will always be near zero. Therefore, any encumbrances recorded in the fund at year
end will result in a negative unreserved fund balance.
At September 30, 1994, the Employee Benefits Fund had a deficit unreserved retained earnings. This
$69,631 deficit resulted from higher than expected claims during the fiscal. year. In fiscal 1995, the City
plans to increase the amount of premiums charged for both employee and dependent insurance coverage.
In addition, cost containment measures continue to be implemented in order to eliminate this deficit.
The 1984 Bond Fund showed a deficit unreserved fund balance of $87,207 at September 30, 1994. This
deficit was a result of purchase orders outstanding as of year end.
The $115,691 deficit unreserved retained earnings in the Landfill Fund was a result of less than expected
revenues during the fiscal year.
17. INTERFUND ASSETS/LIABILITIES
AdY�nces .To/Fr Qrn .Qth§Lf!dD.9_§
On September 30, 1992, the Electric Fund loaned $1,321,672 to the Solid Waste Collection Fund for the
purchase of automated garbage trucks and containers. The loan is payable in semi-annual installments
beginning March 30, 1994, and ending September 30, 1999, and accrues interest at a rate of 6.75%. The
current portion of the loan is recorded as an interfund receivable and payable in the Electric Fund and Solid
Waste Fund, respectively. The noncurrent portion is recorded as an Advance to and Advance from in the
Electric Fund and Solid Waste Collection Fund, respectively.
Due To/Due From Other Funds
The composition of due to/due from balances as of September 30, 1994, is as follows:
Due To
General
General
Due From
Community Development
Landfill
- 62 -
Amount
$ 180�897
19,834
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
18. EXPENDITURES/EXPENSES IN EXCESS OF APPROPRIATIONS
The amounts of any excesses of expenditures/expenses over appropriations during fiscal 1 994, and the
funds in which they occurred are as follows:
Fund
1 982 Series .II Bond
Equipment Replacement
Employee Benefits
Amount
$ 419,695
201,046
93,374
The $419,695 excess in the 1982 Series II Bond Fund and the $201,046 excess in the Equipment
Replacement Fund were a result of higher than expected expenditures/expenses for capital outlay.
Higher than expected claims and administration expenses were responsible for the $93,374 excess in the
Employee Benefits Fund.
19. DEFERRED CHARGES
Deferred charges totaling $369, 721 at September 30, 1994, consist of the following:
Prepaid Water Costs
On November 8, 1978, the City entered into an agreement with Texas A&M University whereby the City
would construct water system improvements for Texas A&M University. This water system was to provide
the City with an additional water source until its own system could be constructed beginning in January,
1979. The original agreement was for a period not to exceed five years. However, an addendum to the
contract extends the period indefinitely.
The costs of the system are being repaid by Texas A&M University at a rate of $0.20 per 1,000 gallons
of City water usage. Termination of the agreements provides for absolute title to the system to be
conveyed to Texas A&M University by the City.
A summary of the unrecovered cost of the water system at September 30, 1994, is as follows:
Total Project Cost
Less Accumulated Water Usage Credits
Prepaid Water Costs, September 30, 1994
Bond Issuance Costs
$ 1,167,075
(1 .033,705)
$ 133,370
A summary of the bond issuance costs along with the accumulated amortization for the Electric, Water, and
Sewer Funds as of September 30, 1994, is as follows:
Bond Issuance Costs
Accumulated Amortization
Bond Issuance Costs, Net
$
$
Electric
62,313
(7,803)
54,510
$
$
Water
33,542
(4,664)
28,878
-63 -
Sewer
$ 169,455
(16,492)
$ 152,963
Total
$ 265,310
(28,959)
$ 236,351
CITY OF COLLEGE STATION, TEXAS
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994
20. DEFERRED COMPENSATION PLAN
The City offers a deferred· compensation plan to its regular employees. Through a payroll deduction, the
plan, which was created in accordance with Internal Revenue Code Section 457, allows an employee to
defer to future years up to 25 percent of his/her salary or $7,500 per year (whichever is less) by making
deposits with either the International City Managers Association (ICMA) or the Public Employee Benefit
Services Corporation (PEBSCO). Participants in the plan may not withdraw deposits or income attributable
to the deposits until termination, retirement, death, or an unforeseeable emergency.
21 . SUBSEQUENT EVENT
On October 20, 1994, the City issued $6,_250,000 in public improvement and refunding general obligation
bonds. The bonds, which carry interest rates from 5.5 to 7 .5 percent mature in the year 2014.
On the same date, the City also issued $16,500,000 in revenue bonds to be used for electric and
wastewater improvements. The revenue bonds carry interest rates of 5.4 to 6.4 percent and also mature
in the year 2014.
22. PRIOR PERIOD ADJUSTMENTS
Prior period adjustments of $208,872 and $134,880 were recorded in the Water and Sewer Funds,
respectively. These adjustments reflect prior years depreciation expenses on contributed assets. A prior
period adjustment of $34,500 was also recorded in the Community Development Fund. This adjustment
represents property held for resale that was contributed to the City.
'." 64 -
GENERAL FUND
The general fund is used to account for resources traditionally associated with government which
are not required legally or by sound financial management to be accounted for in another fund.
-65 -
-66 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
1994 1993
Assets
Equity in Cash and Cash Equivalents $ 850,385 $ 791,275
Equity in Investments 2,758,292 2,805,429
Receivables:
Accrued Interest 159,890 131,815
Grants 46,576 36,870
Letter of Credit 25,000 25,000
Accounts 260,938 220,643
Special Assessments 138,471 143,250
Delinquent Property Taxes 79,563 86, 123
State Sales Tax 800,863 644,347
Notes 41,221 52,943
Other 48, 190 141,971
Less Allowance for Uncollectible Accounts (230,607) (296,299)
Due from Other Funds 200,731 0
Inventories 167,275 156,405
Prepaid Costs 2,863 13,618
Restricted Assets:
Equity in Cash and Cash Equivalents 546, 191 7,484
Equity. in Investments 1,833,114 ·76,532
Receivables:
Accrued Interest 41,974 3,900
Accounts ·1AJO 1 125
Total Assets $ 7,772,360 $ 5,042,431
Liabilities and Fund Balances
Liabilities:
Accounts Payable $ 204,139 $ 293,016
Retainage Payable 20,211 15,836
Refundable Deposits 1,325 2,775
Accrued Liabilities 400,380 315,048
Customer Construction Advances 85,766 18, 190
Other Deferred Revenues 549,567 456,868
Restricted Liabilities:
Accounts Payable 4,130 0
Retainage Payable · 26,625 0
Accrued Liabilities 25 0
Total Liabilities 1,292, 168 1,101J33
Fund Balances:
Reserved 2,439,825 408,579
Unreserved:
Designated for Subsequent Years' Expenditures 125,908 90,086
Undesignated 3,914A59 3A42,033
Total Fund Balances 6A80,192 3,940,698
Total Liabilities and Fund Balances $, 7,772,360 $ 5,042,431
- 67 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Revenues:
Taxes:
General Property
General Sales
Mixed Drinks
Franchise
Licenses and Permits
Grants
Charges for Services:
Parks and Recreation
Police
Fire
Public Services
Municipal Court
Development Services
General Government
Miscellaneous
Fines, Forfeits and Penalties
Special Assessments
Use of Money and Property:
Interest on Investments
Rents and Royalties
Loan Repayments
Contributions
Reimbursed Expenses
Other
Total Revenues
Expenditures:
Current:
General Government
Fiscal and Human Resources
Community Services Administration
Police
Fire
$
(Continued)
-68 -
2,086,274 $ 1,627,228
8,671,072 7,901,994
105,021 93,883
3q8,392 407, 168
557,440 445,585
39,723 39,720
522,939 528,399
128,939 33,032
271,317 247,940
7,300 5,375
67,524 31,393
52,988 40, 159
14,030 11,400
1,231 6,306
915,126 893,649
4,779 58,358
296,596 342,992
104,054 50,919
15,728 10,837
8,296 12,225
10,497 4,488
95,312 82,697
14,334,578 12,875,747
806,498 723,721
1,644,909 1,539,352
141,875 143,412
4,715,064 4,054,244
3,454,391 3,331,309
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For Fiscal Years Ended September 30, 1994 and 1993
Development Services
Parks
Public Services
Management Services
Library Services
Reimbursed Administrative
Special Programs and Projects
Public Agency Funding
Code Enforcement
Other
Capital Outlay
Total Expenditures
Deficiency of Revenues Under Expenditures
Other Financing Sources (Uses):
Proceeds from Long-Term Debt
Sale of General Fixed Asset
Operating Transfers In
Operating Transfers Out
Total Other Financing Sources (Uses) .
(Continued)
Excess of Revenues and Other Financing Sources Over
Expenditures and Other Financing Uses
Fund Balances, October 1
Fund Balances, September 30
-69 -
$
$
1994
1,803,898
3,083,389
2,533,983
1,526,388
282,255
(2,886,557)
0
107,730
0
143,724
1, 120,536
18,478,083
(4, 143,505)
2,680,000
40,470
4,407,529
(445,000)
6,682,999
2,539,494
3,940,698
6,480, 192
$
$-
1993
1,476, 181
2,838,541
2,266,145
1,407,245
283,478
(2,843,580)
46,528
202,289
11,660
137,623
412,314
16,030,462
·(3, 154,715)
0
68,213
4,266,504
0
4,334,717
1, 180,002
2,760,696
3,940,698
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Budget Actual
Taxes:
Current Property $ 2,000,991 $ 2,043,955
Delinquent Property 39,631 25,931
Tax Penalty and Interest 16,800 16,388
General Sales 8,349,620 8,671,072
Mixed Drinks 88, 100 105,021
Franchise 413,000 302, 138
Total Taxes 10,908, 142 11, 164,505
Licenses and Permits:
Mixed Drinks 11,600 13,967
Game Machines 2,700 3,615
Professional/Occupational 25,250 27,061
Oil and Gas 20,000 22,234
Builders Permits 212,000 337, 195
Electrical Permits 28, 100 38,720
Plumbing Permits 54,000 72,808
Other 18,050 41,840
Total Licenses and Permits 371,700 557,440
Grants 27,000 39,723
Charges for Services:
Parks Concessions 106,400 107,032
Pool Admissions 111,000 152,506
Sports Instruction 72,500 71,931
Sports Programs 156,500 174,572
Special Events 60,000 11,570
Teen Center 3,100 1,932
Other Parks 9,220 3,396
Police Hazardous Materials. Response 0 1,298
Fingerprinting 980 1,030
Police Reports and Records Checks 7, 110 6,435
Arrest Fees 1,200 76,828
Warrant Service Fees 1,210 14,770
Police Escort Services 2,400 2,518
False Alarms 13,000 25,900
Other Police 200 159
EMS Transport and Standbys 135,495 260,442
(Continued)
- 70 -
Variance
Favorable
(Unfavorable)
$ 42,964
(13,700)
(412)
321,452
16,921
(110;862)
256,363
2,367
915
1,811
2,234
125, 195
10,620
'18,808
23,790
185, 740
12,723
632
41,506
(569)
18,072
(48,430)
(1, 168)
(5,824)
1,298
50
(675)
75,628
13,560
118
12,900
(41)
124,947
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES
BUDGET AND ACTUAL (BUDGET ARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Variance
Favorable
Budget Actual (Unfavorable)
Fire Inspections $ 3,005 $ 6,230 $ 3,225
Other Fire 50 98 48
Fire Hazardous Material Response 10,000 4,547 (5,453)
Street Sweeps and Repairs 3,200 . 7,300 4,100
Municipal Court 25,600 67,524 41,924
Inspection Fees 7,000 5,382 (1,618)
Filing Fees 15,000 10,400 (4,600)
Certificate Searches 12,500 13,603 1f103
Other 3,950 38,864 34,914
Total Charges for Services 760,620 1 ,066,267 305,647
Fines, Forfeits and Penalties:
Municipal Court Fines 809,600 909,520 99,920
Other Fines and Penalties 72,000 996 (71,004)
Forfeits 0 4,610 4,610
Total Fines, Forfeits and Penalties 881,600 915, 126 33,526
Special Assessments 20,000 4,779 (15,221)
Use of Money and Property:
Interest on Investments 197,800 258,518 60,718
Rents and Royalties 52, 180 104,054 51 ,874
Loan Repayment 0 15,728 15,728
Interest on Loans 5,000 3, 158 (1 ,842)
Total Use of Money and Property 254,980 381,458 126,478
Miscellaneous:
Contributions 0 6,996 6,996
Reimbursed Expenditures 0 10,497 10,497
Collection Service Fees 18,000 41,840 23,840
Sale of Cemetery Lots 18,000 19,267 1,267
Other 8,800 23,030 14,230
Total Miscellaneous 44,800 101,630 56,830
Total Revenues 13,268,842 14,230,928 962,086
Other Financing Sources:
Payments in Lieu of Taxes 4,407,529 4,407,529 0
Sale of General Fixed Assets 2,000 40,470 38,470
Total Other Financing Sources 4,409,529 4,447,999 38,470
Total General Fund Revenues $ 17,678,371 $ 18,678,927 $ 1,000,556
- 71 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Budget Actual
General Government:
Mayor and Council:
Supplies $ 7,205 $ 7,204
Purchased Professional Services 16,775 12,250
Purchased Property Services 450 449
Other Purchased Services 40,883 33, 116
Capital Outlay 2,400 253
Total Mayor and Council 67,713 53,272
City Secretary:
Salaries and Benefits 96,863 96,464
Supplies 3,685 3,680
Maintenance 650 642
Purchased Professional Services 30 22
Purchased Property Services 2,560 2, 153
Other Purchased Services 24,505 22,68.8
Capital Outlay 2,020 2,019
Total City Secretary 130,313 127,668
City Manager:
Salaries and Benefits 173,729 173,651
Supplies 6,000 5,470
Maintenance 320 123
Purchased Professional Services 10 0
Purchased Property Services 2,480 2,455
Other Purchased Services 28,954 21,680
Capital Outlay 16,625 15,386
Total City Manager 228, 118 218,765
Legal:
Salaries and Benefits 347,603 347,558
Supplies 20,811 20,725
Maintenance 450 . 427
Purchased Professional Services 7,400 6,922
Purchased Property Services 21,750 21 ,742
Other Purchased Services 28,609 27,083
Capital Outlay 11,362 9,584
Total Legal 437,985 434,041
Total General Government 864, 129 833,746
(Continued)
- 72 -
Variance
Favorable
(Unfavorable)
$ 1
4,525
1
7,767
2, 147
14,441
399
5
8
8
407
1,817
1
2,645
78
530
197
10
25
7,274
1,239
9,353
45
86
23
478
8
1,526
1,778
3,944
30,383
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Fiscal and Human Resources:
Finance Administration:
Salaries and Benet its
Supplies
Maintenance
Purchased Property Services
Other Purchased Services
Total Finance Administration
Human Resources:
Salaries and Benet its
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Capital Outlay
Total Human Resources
Accounting:
Salaries and Benet its
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Capital Outlay
Total Accounting
Purchasing and Stores:
Salaries and Benet its.
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Total Purchasing and Stores
(Continued)
$
Budget
103,413
2,710
100
1,920
11,044
119,187
195,051
13,805
300
19,000
3,330
38,084
4,000
273,570
319,152
13,650
1,675
167,127
5,840
55,080
7, 158
569,682
159,186
4,400
900
4,760
3,970
16,061
189,277
(Continued)
-73 -
Actual
$ 103,072
2,440
95
1,738
10,973
118,31 8
194,959
13,717
280
18,916
3,348
38,022
3,980
273,222
318,091
12, 177
1,200
145,085
5,773
51,756
7, 157
541,239
141,531
4,382
637
3,005
3,587
16,004
169, 146
$
Variance
Favorable
(Unfavorable)
341
270
5
182
71
869
92
88
20
84
(18)
62
20
348
1,061
1,473
475
22,042
67
3,324
1
28,443
17,655
18
263
1,755
383
57
20, 131
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Budget Actual
Budget and Evaluation:
Salaries and Benet its $ 140,084 $ 127,143
Supplies 1,950 1, 193
Maintenance 450 442
Purchased Professional Services 14,500 14,000
Purchased Property Services 1,890 1,876
Other Purchased Services 14,230 14, 114
Total Budget and Evaluation 173, 104 158,768
Municipal Court:
Salaries and Benet its 218,889 182,496
Supplies 9,100 8,596
Maintenance 695 691
Purchased Professional Services 76,770 61,439
Purchased Property Services 14,615 7,861
Other Purchased Services 32,541 32,509
Capital Outlay 9,070 3,807
Total Municipal Court 361,680 297,399
Risk Management:
Salaries and Benet its 92,081 90,069
Supplies 2,980 1,885
Maintenance 70 63
Purchased Professional Services 900 864
Purchased Property Services 1,000 889
Other Purchased Services 9,326 7,995
Total Risk Management 106,357 101, 765
Total Fiscal and Human Resources 1,792,857 1 ,659,857
(Continued)
-74 -
Variance
Favorable
(Unfavorable)
$ 12,941
757
8
500
14
116
14,336
36,393
504
4
15,331
6,754
32
5,263
64,281
2,012
1,095
7
36
111
1,331
4,592
133,000
CITY OF COLLEGE STATION, TEXAS
GEN ERAL FUND
SCHEDULE OF EXPENDITUR ES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Variance
Favorable
Budget Actual (Unfavorable)
Community Services Administration:
Salaries and Benet its $ 122,998 $ 121,871 $ 1, 127
Supplies 2,350 2,244 106
Maintenance 20 15 5
Purchased Professional Services 30 22 8
Purchased Property Services 2,030 1,680 350
Other Purchased Services 16,360 16,043 317
Total Community Services Administration 143, 788 141,875 1,913
Police:
Police Administration:
Salaries and Benet its 290,032 290,026 6
Supplies 7,500 5,230 2,270
Maintenance 1,700 817 883
Purchased Professional Services 9,870 8,316 1,554
Purchased Property Services 80 33 47
Other Purchased Services 32, 715 27, 144 5,571
Capital Outlay 4,107 2,506 1,601
Total Police Administration 346,004 334,072 11, 932
Uniform Patrol:
Salaries and Benet its 2, 123,960 2, 123,865 95
Supplies 81,640 81,563 77
Maintenance 46,500 46,484 16
Purchased Professional Services 23, 100 23,084 16
Purchased Property Services 610 607 3
Other Purchased Services 216,785 216,721 64
Capital Outlay 60,840 60,702 138
Total Uniform Patrol 2,553,435 2,553,026 409
Criminal Investigation:
Salaries and Benet its 405, 755 404,592 1, 163
Supplies 11,990 11,253 737
Maintenance 3,620 2,414 1,206
Purchased Professional Services 18,450 18,450 0
Purchased Property Services 2,400 2,395 5
Other Purchased Services 35,647 34,943 704
Capital Outlay 1,780 1,771 9
Total Criminal Investigation 479,642 475,818 3,824
(Continued)
- 75 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Budget Actual
Special Services:
Salaries and Benefits $ 242,879 $ 240,733
Supplies 35,570 32,099
Maintenance 3, 110 1,392
Purchased Professional Services 49,585 47,857
Purchased Property Services 2,771 1,7 10
Other Purchased Services 32,453 32, 118
Capital Outlay 720 720
Total Special Services 367,088 356,629
Technical Services:
Salaries and Benet its 240,262 237,964
Supplies 14,835 13,237
Maintenance 7,995 7,574
Purchased Professional Services 1 ,240 1 ,230
Purchased Property Services 79,745 79,740
Other Purchased Services 30, 175 30, 160
Capital Outlay 2,080 1,464
Total Technical Services 376,332 371 ,369
Communications/Jail:
Salaries and Benefits 642,237 642, 132
Supplies 13,220 12,864
Maintenance 8,375 7,143
Purchased Professionai Services 2,000 1 ,989
Other Purchased Services 28,060 27, 190
Capital Outlay 60,614 60,432
Total Communications/Jail 754,506 751,750
Total Police 4,877,007 4,842,664"
(Continued)
- 76 -
Variable Favorable
(Unfavorable)
$ 2,146
3,471
1, 718
1 ,728
1 ,061
335
0
10,459
2,298
1 ,598
421
10
5
15
616
4,963
105
356
1 ,232
11
870
182
2,756
34,343
Fire:
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Budget Actual
Fire Administration:
Salaries and Benet its $ 324,251 $ 248,291
Supplies 17,950 14,306
Maintenance 4,478 3, 127
Purchased Professional Services 26, 155 26,093
Purchased Property Services 54,450 45,751
Other Purchased Services 25,425 25,372
Capital Outlay 9,919 4,529
Total Fire Administration 462,628 367,469
Fire Suppression:
Salaries and Benet its 2,738,543 2,738,482
Supplies 131,840 11 9,608
Maintenance 44,484 41,221
Purchased Professional Services 1,000 213
Purchased Property Services 250 147
Other Purchased Services 179,690 175,855
Capital Outlay 14,000 0
Total Fire Suppression 3, 109,807 3,075,526
Fire Prevention:
Supplies 9,410 8,954
Maintenance 250 61
Purchased Professional Services 190 185
Other Purchased Services 14, 105 10,923
Total Fire Prevention 23,955 20, 123
Total Fire 3,596,390 3,463, 118
(Continued)
-77 -
$
Variance
Favorable
(Unfavorable)
75,960
3,644
1 ,351
62
8,699
53
5,390
95, 159
61
12,232
3,263
. 787
103
3,835
14,000
34,281
456
189
5
3, 182
3,832
133,272
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Variance
Favorable
Budget Actual (Unfavorable)
Development Services:
Development Services Administration:
Salaries and Benet its $ 146,392 $ 146,311 $ 81
Supplies 4,720 4,627 93
Maintenance 2, 190 1,759 431
Purchased Professional Services 600 544 56
Purchased Property Services 3,285 3,229 56
Other Purchased Services 16,610 16,603 7
Capital Outlay 4,288 3,859 429
Total Development Services
Administration 178,085 176,932 1, 153
Engineering:
Salaries and Benet its 490,507 487,316 3, 191
Supplies 17, 185 14,065 3, 120
Maintenance 4,050 2,266 1,784
Purchased Professional Services 31,129 30,937 192
Purchased Property Services 7,633 6,491 1, 142
Other Purchased Services 30,006 24,061 5,945
Capital Outlay 31,429 20,357 11,072
Total Engineering 611,939 585,493 26,446
Planning:
Salaries and Benet its 933,834 843,385 90,449
Supplies 37,738 34,924 2,814
Maintenance 8,975 3,011 5,964
Purchased Professional Services 161, 743 65J14 96,029
Purchased Property Services 38, 100 34,251 3,849
Other Purchased Services 107,849 94,953 12,896
Capital Outlay 51, 1 52 40,448 10,704
Total Planning 1,339,391 1, 116,686 222,705
Total Development Services 2,129,415 1,879,111 250,304
(Continued)
- 78 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL {BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Budget Actual
Parks:
Parks Administration:
Salaries and Benefits $ 267,343 $ 266, 181
Supplies 7,350 5,863
Maintenance 2,950 2,237
Purchased Property Services 3,660 3,654
Other Purchased Services 37,565 35,760
Capital Outlay 2,900 2,497
Total Parks Administration 321, 768 316,192
Recreation:
Salaries and Benefits 444,679 443,610
Supplies 98,523 96,743
Maintenance 3,950 2,914
Purchased Professional Services 97, 104 95,749
Purchased Property Services 69,207 62,936
Other Purchased Services 56,304 56,098
Capital Outlay 10, 180 10, 170
Total Recreation 779,947 768,220
Special Facilities:
Salaries and Benefits 486,935 477,650
Supplies 78,968 66,633
Maintenance 47,016 44,715
Purchased Professional Services 11,435 9,346
Purchased Property Services 124,260 108,595
Other Purchased Services 52,946 43,988
Capital Outlay 43,051 37,021
Total Special Facilities: 844,611 787,948
Parks Maintenance:
Salaries and Benefits 601,510 597,581
Supplies 39,820 34,667
Maintenance 91,661 86, 165
Purchased Professional Services 2,325 1,851
Purchased Property Services 89, 112 82,274
Other Purchased Services 35, 115 34,589
Capital Outlay 4,100 4,004
Total Parks Maintenance 863,643 841, 131
Forestry:
Salaries and Benefits 309,774 284,652
Supplies 21,200 14,963
Maintenance 76,425 . 40,518
Purchased Professional Services 41,500 35, 194
Purchased Property Services 39,369 25, 182
Other Purchased Services 23,790 22,935
Capital Outlay 45,725 45,073
Total Forestry 557,783 468,517
Total Parks 3,367,752 3, 182,008
(Continued)
- 79 -
$
Variance
Favorable
(Unfavorable)
1, 162
1,487
713
6
1,805
403
5,576
1,069
1,780
1,036
1,355
6,271
206
10
11, 727
9,285
12,335
2,301
2,089
15,665
8,958
6,030
56,663
3,929
5, 153
5,496
474
6,838
526
96
22,512
25, 122
6,237
35,907
6,306
14, 187
855
652
89,266
185, 744
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
{Continued)
Budget Actual
Public Services:
Public Services Administration:
Salaries and Benefits $ 215,963 $ 161,406
Supplies 4,650 4,216
Maintenance 700 295
Purchased Professional Services 3,066 3,066
Purchased Property Services 15, 140 15, 103
Other Purchased Services 19,334 19,083
Capital Outlay 1,979 1,501
Total Public Services Administration 260,832 204,670
Streets Maintenance:
Salaries and Benefits 531,267 523,003
Supplies 25,250 23, 109
Maintenance 825,528 823,617
Purchased Professional Services '28,463 26, 117
Purchased Property Services 36,010 35,993
Other Purchased Services 152,194 146,006
Capital Outlay 20,720 20,637
Total Streets Maintenance 1,619,432 1,598,482
Drainage Maintenance:
Salaries and Benefits 131,912 131,812
Supplies 2,640 2,636
Maintenance 11 ,577 11,439
Purchased Professional Services 100 22
Purchased Property Services 4,370 4,355
Other Purchased Services 33,668 33,438
Total Drainage Maintenance 184,267 183,702
Fleet Services:
Salaries and Benefits 382,503 375,491
Supplies 21,460 21,459
Maintenance 8,200 7,784
Purchased Professional Services 90 88
Purchased Property Services 14,833 14,833
Other Purchased Services 22,239 21,627
·Capital Outlay 711 0
Total Fleet Services 450,036 441,282
Traffic:
Salaries and Benefits 124,374 95,221
Supplies 3, 180 2,233
Maintenance 30,970 26,338
Purchased Professional Services 5,000 0
Purchased Property Services 1,050 835
Other Purchased Services 4,286 3,367
Total Traffic 168,860 127,994
Total Public Services 2,683,427 2,556, 130
(Continued)
- 80 -
Variance
Favorable
{Unfavorable)
$ 54,557
434
405
0
37
251
478
56, 162
8,264
2, 141
1,911
2,346
17
6,188
83
20,950
100
4
138
78
15
230
565
7,012
1
416
2
0
612
711
8,754
29, 153
947
4,632
5,000
215
919
40,866
127,297
CITY OF COLLEGE STATION, TEXAS
GENERAL FUND
SCHEDULE OF EXPENDITURES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fi!scal Year Ended September 30, 1994
Management Services:
Management Services Administration:
Salaries and Benefits
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Total Management Services Administration
Public Relations:
Salaries and Benet its
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Capital Outlay
Total Public Relations
Energy Management Services:
Salaries and Benefits
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Capital Outlay
Total Energy Management Services
Management Information Se_rvices:
Salaries and Benefits
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Capital Outlay
Total Management Information Services
(Continued)
$
Budget
109, 775
3,673
700
7,600
1,300
7,600
130,648
193,762
6,923
7,880
1,700
3,060
25,542
12,861
251,728
148, 740
6,800
975
50,990
2,000
17,060
458
227,023
315,911
9,350
153,845
200
8,810
29,909
151,760
669,785
(Continued)
-81 -
$
Actual
109,713
3, 163
690
4,900
1,284
7,261
127,011
181,284
6,700
7,352
816
2,984
25,510
12,366
237,012
148,479
6,422
614
1,012
1,576
12, 718
458
171,279
307,831
7,864
128,403
154
6,612
29,871
125, 765
606,500
$
Variance
Favorable
(Unfavorable)
62
510
10
2,700
16
339
3,637
12,478
223
528
884
76
32
495
14, 716
261
378
361
49,978
424
4,342
0
55,744
8,080
1,486
25,442
46
2, 198
38
25,995
63,285
-82 -
SPECIAL REVENUE FUNDS
Special revenue funds are used to account for specific revenues that are legally restricted
to expenditures for particular purposes.
Community Development -to account for funds granted to the City by the National
Department of Housing and Urban Development for use on various community
improvement projects.
Hotel/Motel Tax -to 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.
Parks Escrow -to 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 neighborhood parks in residential areas.
-83 -
CITY OF COLLEGE STATION, TEXAS
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
September 30, 1 994
(With comparative totals for the fiscal year ended September 30, 1 993)
Totals
Community Hotel/Motel Parks
Development Tax Escrow 1994 1993
Assets
Equity in Cash and Cash
Equivalents $ 0 $ 120,904 $ 93,417 $ 214,321 $ 206,083
Equity in Investments 0 390,652 304,611 695,263 760,701
Receivables:
Accrued Interest 0 23,832 14,407 38,239 34,600
Grants 304,798 0 0 304,798 100,281
Letter of Credit 0 0 25,425 25,425 25,425
Accounts 893 8,003 0 8,896 10,469
Loans 209,467 0 0 209,467 219,870
Less Allowance for
Uncollectible Accounts 0 (4,358) 0 (4,358) (1,377)
Property Held for Resale 92,000 0 0 92,000 57,500
Total Assets $ 607, 158 $ 539,033 $ 437,860 $ 1,584,051 $ 1,413,552
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 160,223 $ 7,681 $ 0 $ 167,904 $ 17,479
Due to Other Funds 180,897 0 0 180,897 0
Retainage Payable 42,705 0 1,372 44,077 17,060
Refundable Deposits 0 13,682 0 13,682 13,832
Accrued Liabilities 2,358 3, 130 0 5,488 5,456
Deferred Revenues 212,467 1,462 0 213,929 219,990
Total Liabilities 598,650 25,955 1,372 625,971 273,817
Fund Balances:
Reserved:
Reserved for Encumbrances 88,719 0 0 88,719 318,011
Reserved for Property Held
for Resale 92,000 0 0 92,000 57,500
Unreserved:
Designated for Subsequent
Years' Expenditures 0 203 436,488 436,691 360,281
Undesignated (172,211) 512,875 0 340,664 403,943
Total Fund Balances 8,508 513,078 436,488 958,074 1,139,735
Total Liabilities and Fund Balances $ 607, 158 $ 539,033 $ 437,860 $ 1 ,584,051 $ 1,413,552
- 84 -
CITY OF COLLEGE STATION, TEXAS
SPECIAL REVENUE FUNDS
COMB.INING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Community
Development
Revenues:
Taxes $ 0
Grants 1,203,029
Charges for Services 0
Fines, Forfeits and Penalties 0
Interest on Investments 0
Rents and Royalties 0
Loan Repayments 10,286
Interest on Loans 9,355
Contributions 0
Other 23,466
Total Revenues 1,246, 136
Expenditures:
Current:
Housing Rehabilitation 550, 144
Reimbursed Administrative 319,791
Special Programs and Projects 0
Public Agency Funding 145,063
Contributions 0
Interim Assistance 5,434
Clearance 32,410
Other 3,872
Capital Outlay 360,653
Total Expenditures 1,417,367
Excess (Deficiency) of Revenues
Over (Under) Expenditures (171,231)
Other Financing Uses:
Operating Transfers Out 0
Total Other Financing Uses 0
Excess (Deficiency) of Revenues
Over {Under) Expenditures and (171,231) Other Financing Uses
Fund Balances, October 1 179,739
Fund Balances, September 30 $ 8,508
Hotel/Motel Parks
Tax Escrow
$ 1,185,648 $ 0
0 0
37,795 0
1, 157 0
37,480 22,677
93,309 0
0 0
0 0
0 83,700
2,529 0
1,357,918 106,377
0 0
343,296 0
180,932 0
592, 150 0
0 0
0 0
0 0
6,273 0
0 1,812
1, 122,651 1,812
235,267 104,565
(384,762) 0
(384, 762) 0
(149,495) 104,565
662,573 331,923
$ 513,078 $ 436,488
- 85 -
$
$
1994
1, 185,648
1,203,029
37, 795
1, 157
60, 157
93,309
10,286
9,355
83,700
25,995
2,710,431
550, 144
663,087
180,932
737,213
0
5,434
Totals
$
32,410 .
10, 145
362,465
2,541,830
168,601
(384,762)
(384,762)
(216, 161)
1, 174,235
958,074 $
1993
1, 100,815
789,692
0
827
59,799
85,352
9,432
9,059
67,300
26,668
2, 148,944
360,629
448,816
193,145
664,747
25,000
5,148
16,249
1,449
64,038
1,779,221
369,723
(238,694)
(238,694)
131,029
1,008,706
1, 139,735
CITY OF COLLEGE STATION, TEXAS
COMMUNITY DEVELOPMENT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 0 $ 2,925
Equity in Investments 0 10,067
Receivables:
Grants 304,798 100,281
Accounts 893 1,259
Loans 209,467 219,870
Property Held for Resale 92,000 57,500
Total Assets $ 607, 158 $ 391,902
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 160,223 $ 6,506
Due to Other Funds 180,897 0
Retainage Payable 42,705 15,687
Accrued Liabilities 2,358 4,600
Deferred Revenues 212,467 219,870
Total Liabilities 598,650 246,663
Fund Balances (Deficits):
Reserved:
Reserved for Encumbrances 88,719 302, 159
Reserved for Property Held for Resale 92,000 57,500
Unreserved:
Designated for Subsequent Years'
Expenditures 0 60,910
Undesignated (172,211) (275,330)
Total Fund Balances 8,508 145,239
Total Liabilities and Fund Balances $ 607, 158 $ 391,902
- 86 -
CITY OF COLLEGE STATION, TEXAS
COMMUNITY DEVELOPMENT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Revenues:
Grants $ 1,203,029 $ 789,692
Loan Repayments 10,286 9,432
Interest on loans 9,355 9,059
Contributions 0 63,500
Other 23,466 3, 105
Total Revenues 1,246, 136 874,788
Expenditures:
Current:
Housing Rehabilitation 550, 144 360,629
Reimbursed Administrative 319, 791 230,388
Public Agency Funding 145,063 130,310
Contributions 0 25,000
Interim Assistance 5,434. 5, 148
Clearance 32,410 16,249
Other 3,872 0
Capital Outlay 360,653 31,639
Total Expenditures 1,417,367 799,363
Excess (Deficiency) of Revenues Over (Under)
Expenditures (171,231) 75,425
Fund Balances, October 1 179,739 69,814
Fund Balances, September 30 $ 8,508 $ 145,239
- 87 -
CITY OF COLLEGE STATION, TEXAS
COMMUNITY DEVELOPMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Revenues:
Community Development Block Grant:
Grants
loan Repayments
Interest on loans
Other
Total Community Development Block Grant
Revenues
Rental REHAB Grant:
Grants
Other
Total Rental REHAB Grant Revenues
Other Grants:
HOME Grant
HOPE Grant
HOPE -Other
Total Other Grants
Total Revenues, All Grants
Expenditures:
Community Development Block Grant:
Current:
Hm 1sing RP.hahilitation/ Assistanr.R
Reimbursed Administrative
Public Agency Funding
Interim Assistance
Acquisitions
Clearance
Planning
Capital Outlay
Total Community Development Block Grant
Expenditures .
Rental REHAB Grant:
Housing Rehabilitation/ Assistance
Total Rental REHAB Grant
HOME Grant:
Housing Rehabilitation/ Assistance
Reimbursed Administrative
Clearance
Total HOME Grant Expenditures
HOPE Grant:
Current:
Housing Rehabilitation/ Assistance
Reimbursed Administrative
Economic Development
Other
Capital Outlay
Total HOPE Grant Expenditures
Total Expenditures, All Grants
Excess (Deficiency) of Revenues Over (Under)
Expenditures
Fund Balances, October 1
Fund Balances,, September 30
$
$
Budget
1,089,000
0
0
0
1,089,000
0
0
0
500,000
0
0
500,000
1,589,000
sos,011
386,733
171,017
7,500
90,000
65,733
15,000
688,669
1,930,269
5,034
5,034
425,000
25,000
50,000
500,000
127,500
25,500
1,000
0
332,000
486,000
2,921,303
(1,332,303)
(24,993)
(1,357,296)
-88 -
$
$
Actual
804,864
10,286
9,355
17,592
842,097
9,232
450
9,682
336,909
52,024
5,424
394,357
1,246, 136
229,754
296,665
145,063
5,434
0
4,511
0
309,986
991.413
5,034
5,034
315,356
19,262
27,899
362,517
0
3,864
0
3,872
50,667
58,403
1.417,367
(171,231)
179, 739
8,508
$
Variance
Favorable
(Unfavorable)
(284, 136)
10,286
9,355
17,592
(246,903)
9,232
450
9,682
(163,091)
52,024
5,424
(105,643)
(342,864)
275,863
90,068
25,954
2,066
90,000
61,222
15,000
378,683
938,856
0
0
109,644
5,738
22.101
137,483
127,500
21,636
1,000
(3,872)
281,333
427,597
1,503,936
1, 161,072
204,732
1,365,804
CITY OF COLLEGE STATION, TEXAS
HOTEL/MOTEL TAX FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1 993
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 120,904 $ 139,830
Equity in Investments 390,652 516,649
Receivables:
Accrued Interest 23,832 24,042
Accounts 8,003 9,210
Less Allowance for Uncollectible Accounts (4,35�) (1,377)
Total Assets $ 539,033 $ 688,354
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 7,681 $ 10,973
Refundable Deposits 13,682 13,832
Accrued Liabilities 3, 130 856
Deferred Revenues 1,462 120
Total Liabilities 25,955 25, 781
Fund Balances:
Reserved:
Reserved for Encumbrances 0 15,852
Unreserved:
Designated for Subsequent Years' Expenditures 203 203
Undesignated 512,875 646,518
Total Fund Balances 513,078 662,573
Total Liabilities and Fund Balances $ 539,033 $ 688,354
- 89 -
CITY OF COLLEGE STATION, TEXAS
HOTEL/MOTEL TAX FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Revenues:
Taxes $ 1, 185,648 $ 1, 100,815
Charges for Services 37,795 0
Rents and Royalties 93,309 85,352
Fines, Forfeits and Penalties 1, 157 827
Interest on Investments 37,480 40,789
Contributions 0 3,800
Other 2,529 9,818
Total Revenues 1,357,918 1,241,401
Expenditures:
Current:
Reimbursed Administrative 343,296 218,428
Salaries and Benefits 0 18,884
Supplies 0 35,787
Purchased Professional ·Services 0 47,728
Purchased Property Services 0 3,876
Other Purchased Services 0 86,870
Special Programs and Projects 180,932 0
Public Agency Funding 592, 150 534,437
Contributions 0 0
Other 6,273 1,449
Capital Outlay 0 32,399
Total Expenditures 1, 122,651 979,858
Excess of Revenues Over Expenditures 235,267 261,543
Other Financing Uses:
Operating Transfers Out (384,762) (238,694)
Total Other Financing Uses (384,762) (238,694)
Excess (Deficiency) of Revenues Over (Under)
Expenditures and Other Financing Uses (149,495) 22,849
Fund Balances, October 1 662,573 639,724
Fund Balances, September 30 $ 513,078 $ 662,573
- 90 -
CITY OF COLLEGE STATION, TEXAS
HOTEL/MOTEL TAX FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Taxes $ 1, 153, 100 $ 1, 185,648 $ 32,548
Charges for Services 0 37, 795 37,795
Rents and Royalties 80,000 93,309 13,309
Fines, Forfeits and Penalties 0 1, 157 1, 157
Interest on Investments 33,000 37,480 4,480
Contributions 5,000 0 (5,000)
Other 10,000 2,529 (7,471)
Total Revenues 1,281, 100 1,357,918 76,818
Expenditures:
Current:
Reimbursed Administrative 430,658 343,296 87,362
Special Programs and Projects 190,905 180,932 9,973
Public Agency Funding 592, 150 592, 150 0
Contingency 8, 195 0 8, 195
Other 0 6,273 (6,273)
Total Expenditures 1,221,908 1, 122,651 99,257
Excess of Revenues Over Expenditures 59, 192 235,267 176,075
Other Financing Uses:
Operating Transfers Out 384,762 384,762 0
Total Other Financing Uses 384,762 384,762 0
Excess (Deficiency) of Revenues Over
(Under) Expenditures and Other Financing (325,570) (149,495) 176,075 Uses
Fund Balances, October 1 (17,013) 662,573 679,586
Fund Balances (Deficit), September 30 $ (342,583) $ 513,078 $ 855,661
- 91 -
CITY OF COLLEGE STATION, TEXAS
PARKS ESCROW FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1993
1.994 1993
Assets:
Equity in Cash and Cash Equivalents $ 93,417 $ 63,328
Equity in Investments 304,611 233,985
Receivables:
Accrued Interest 14,407 10,558
Letter of Credit 25,425 25,425
Total Assets $ 437,860 $ 333,296
Liabilities and Fund Balances:
Liabilities:
Retainage Payable $ 1,372 $ 1,373
Total Liabilities 1,372 1,373
Fund Balances:
Unreserved:
Designated for Subsequent Years' Expenditures 436,488 299, 168
Undesignated 0 32,755
Total Fund Balances 436,488 331,923
Total Liabilities and Fund Balances $ 437,860 $ 333,296
- 92 -
CITY OF COLLEGE STATION, TEXAS
PARKS ESCROW FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES
For the Fiscal Years Ende·d September 30, 1994 and 1993
Revenues:
Interest on Investments
Contributions
Other
Total Revenues
Expenditures:
Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Fund Balances, October 1
Fund Balances, September 30
$
$
- 93 -
1994
22,677 $
83,700
0
106,377
1,81,2
1 ,812
104,565
331 ,923
436,488 $
1993
19,010
0
13,745
32,755
0
0
32,755
299, 168
331 ,923
CITY OF COLLEGE STATION, TEXAS
PARKS ESCROW FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest on Investments $ 0 $ 22,677 $ 22,677
Contributions 0 83,700 83,700
Total Revenues 0 106,377 106,377
Expenditures:
Capital Outlay 100,000 1,812 98, 188
Total Expenditures 100,000 1,812 98, 188
Excess (Deficiency) of Revenues Over (Under)
Expenditures (100,000) 104,565 204,565
Fund Balances, October 1 311,978 331,923 19,945
Fund Balances, September 30 $ 211,978 $ 436,488 $ 224,510
-94 -
DEBT SERVICE FUND
The debt service fund is used to account for the accumulation of resources and payment
of general obligation bond principal and interest from governmental resources and special
assessment bond principal and interest from special assessment levies when the
government is obligated in some manner for the payment.
-95 -
- 96 -
CITY OF COLLEGE STATION, TEXAS
DEBT SERVICE FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Elided September 30, 1994 and 1993
1994 1993
Revenues:
Current Property Taxes $ 3,634,353 $ 3,351,369
Interest on Investments 86, 177 131,674
Loan Repayments 99,514 66, 777
Other 0 3
Total Revenues 3,820,044 3,549,823
Expenditures:
Principal Retirement 2,066,045 2, 111,906
Interest Payments 1,244, 123 1,390,017
Fiscal Charges 10, 754 6,982
Total Expenditures 3,320,922 3,508,905
Excess of Revenues Over Expenditures 499, 122 40,918
Other Financing Sources:
Operating Transfers In 10, 762 0
Total Other Financing Sources 10, 762 0
Excess of Revenues and Other Financing
Sources Over Expenditures 509,884 40,918
Fund Balances, October 1 871,871 830,953
Fund Balances, September 30 $ 1,381,755 $ 871,871
- 97 -
-98 -
CAPITAL PROJECTS FUNDS
Capital projects funds are used to account for the acquisition and construction of major
capital facilities other than those financed by proprietary funds and trust funds.
Capital Equipment -to account for the cost of acquisition and replacement of vehicles and
equipment to be made with funds provided by operating funds.
1982 Series II Bond -to account for the cost of parks and street improvements, c\ty hall
and warehouse construction, and a traffic signalization project to be made with funds
provided by proceeds of the 1982 Series II issue of general obligation bonds.
1 984 Bond -to account for the cost of street improvements, building construction, and
park improvements to be made with funds provided by proceeds of the 1 984 Series of
general obligation bonds.
1 989 Bond -to account for the cost of street improvements and the renovation of the
public services building to be made with funds provided by proceeds of the 1 989 Series
of general obligation bonds.
1 991 Bond -to account for the cost of street improvements and parks improvements
made with funds provided by proceeds of the 1991 Series of general obligation bonds.
-99 -
CITY OF COLLEGE STATION, TEXAS
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Capital 1982 Series II 1984
Equipment Bond Bond
Assets:
Equity in Cash and Cash Equivalents $ 94,925 $ 111,371 $ 29,973
Equity in Investments 309,530 377,762 97,733
Receivables:
Accrued Interest 2,600 8,5'58 4,766
Grants 0 0 0
Prepaid Costs 0 0 0
Total Assets $ 407,055 $ 497,691 $ 132,472
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 0 $ 261,680 $ 0
Retainage Payable 2,324 36,393 7,736
Accrued Liabilities 0 0 0
Customer Construction Advances 0 0 0
Total Liabilities 2,324 298,073 7,736
Fund Balances:
Reserved:
Reserved for Encumbrances 273,414 191,734 211,943
Reserved for Prepaids 0 0 0
Unreserved Designated for:
General. Government Projects 0 7,884 0
Parks Projects 0 0 0
Streets Projects 0 0 0
Unreserved Undesignated 131,317 0 (87,207)
Total Fund Balances 404,731 199,618 124,736
Total Liabilities and Fund Balances $ 407,055 $ 497,691 $ 132,472
-100 -
Totals
1989 1991
Bond Bond 1994 1993
$ 305,584 $ 438,714 $ 980,567 $ 856,998
996,434 1,430,541 3,212,000 3, 166,465
46,905 58,496 121,325 143,418
0 0 0 28,423
0 1,000 1,000 0
$ 1,348,923 $ 1,928,751 $ 4,314,892 $ 4, 195,304
$ 0 $ 26,944 $ 288,624 $ 674,628
0 10,276 56,729 72,545
0 0 0 373
0 75,000 75,000 50,000
0 112,220 420,353 797,546
26,505 1,231,680 1,935,276 1, 162,837
0 1,000 1,000 0
0 0 7,884 272,902
15,984 0 15,984 15,984
0 308,220 308,220 1,235,707
1,306,434 275,631 1,626, 175 710,328
1,348,923 1,816,531 3,894,539 3,397,758
$ l,348,923 $ 1,928,751 $ 4,314,892 $ 4, 195,304
- 101 -
CITY OF COLLEGE STATION, TEXAS
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Capital 1982 Series II 1984
Equipment s"ond Bond
Revenues:
Grants $ 0 $ 0 $ 0
Special Assessments 0 0 0
Interest on Investments 4,093 16,088 6,357
Contributions 0 0 0
Reimbursed Expenses 0 10,000 0
Other 0 374 0
Total Revenues 4,093 26,462 6,357
Expenditures:
Current:
Reimbursed Administrative 30,000 0 1,792
Other 0 0 0
Capital Outlay 197,250 338,842 16,747
Debt Servir.e:
Bond Issuance Costs 0 0 0
Total Expenditures 227,250 338,842 18,539
Excess (Deficiency) of Revenues Over (Under)
Expenditures (223, 157) (312,380) (12,182)
Other Financing Sources (Uses):
Proceeds from Long Term Debt Issuance 1,000,000 180,000 0
Operating Transfers In 105,000 0 0
Operating Transfers Out 0 0 0
Total Other Financing Sources (Uses) 1J105,000 180,000 0
Excess (Deficiency) of Revenues and Other
Financing Sources Over (Under) Expenditures and 881,843 (132,380) (12,182) Other Financing Uses
Fund Balances (Deficit), October 1 (477, 112) 331,999 136,918
Fund Balances, September 30 $ 404;731 $ 199,619 $ 124,736
-102 -
$
1989
Bond
0
0
65,016
0
0
0
65,016
21,390
0
8,268
0
29,658
35,358
0
0
0
0
35,358
1,313,565
$ 1,348,923
$
1991
Bond
0
0
72,406
0
0
0
72,406
58,022
0
1,004,241
0
1,062,263
(989,857)
0
714,000
0
714,000
(275,857)
2,092,388
$ 1,816,531
$
$
1994
0
0
163,960
0
10,000
374
174,334
111,204
0
1,565,348
0
1,676,552
(1,502,218)
1, 180,000
819,000
0
1,999,000
496,782
3,397,758
3,894,540
-103 -
Totals
$
$
1993
90,841
40,000
268,942
26,991
0
0
426,774
200,506
22,022
3, 174,360
0
3,396,888
(2,970, 114)
0
425,251
(186,557)
238,694
(2, 731,420)
6,129,178
3,397, 758
CITY OF COLLEGE STATION, TEXAS
CAPITAL EQUIPMENT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 94,925 $ 0
Equity in Investments 309,530 0
Receivables:
Accrued Interest 2,600 0
Grants 0 0
Total Assets $ 407,055 $ 0
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 0 $ 474,788
Retainage Payable 2,324 2,324
Total Liabilities 2,324 477,112
Fund Balances:
Reserved for Encumbrances 273,414 89,932
Unreserved Undesignated 131,317 (567,044)
Total Fund Balance (Deficit) 404,731 (477, 112)
Total Liabilities and Fund Balance $ 407,055 $ 0
- 104 -
CITY OF COLLEGE STATION, TEXAS
CAPITAL EQUIPMENT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Revenues:
Interest on Investments $ 4,093 $ 0
Total Revenues 4,093 0
Expenditures:
Current:
Interest 0 21,051
Reimbursed Administrative 30,000 0
Capital Outlay 197,250 434,440
Total Expenditures 227,250 455,491
Deficiency of Revenues Under Expenditures (223, 157) (455,491)
Other Financing Sources:
Proceeds from Long Term Debt Issuance 1,000,000 0
Operating Transfers In 105,000 0
Total Other Financing Sources 1, 105,000 0
Excess (Deficiency) of Revenues and Other
Financing Sources Over (Under) Expenditures 881,843 (455,491)
Fund Deficits, October 1 (477,112} (21,621)
Fund Balance (Deficit), September 30 $ 404, 731 $ (477, 112}
- 105 -
CITY OF COLLEGE STATION, TEXAS
CAPITAL EQUIPMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest on Investments $ 98,300 $ 4,093 $ (94,207}
Total Revenues 98,300 4,093 (94,207)
Expenditures:
Current:
Reimbursed Administrative 30,000 30,000 0
Capital Outlay 1, 158,543 197,250 961,293
Total Expenditures 1, 188,543 227,250 961,293
Excess (Deficiency) of Revenues Over (Under)
Expenditures (1,090,243) (223, 157) 867,086
Other Financing Sources:
Proceeds from Long Term Debt Issuance 2,774,000 1,000,000 (1,774,000)
Operating Transfers In 0 105,000 105,000
Total Other Financing Sources 2,774,000 1, 105,000 (1,669,000)
Excess (Deficiency) of Revenues and Other
Financing Sources Over (Under) Expenditures 1,683, 757 881,843 (801,914)
Fund Deficits, October 1 0 (477,112) (477,112)
Fund Balances, September 30 $ 1,683,757 $ 404, 731 $ (1,279,026)
-106 -
CITY OF COLLEGE STATION, TEXAS
1 982 SERIES II BOND FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 99 3
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 111,371 $ 217,010
Equity in Investments 377, 762 112,515
Receivables:
Accrued Interest 8,558 4,077
Grants 0 25,000
Total Assets $ 497,691 $ 358,602
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 261,680 $ 286
Retainage Payable 36,393 25,944
Accrued Liabilities 0 373
Total Liabilities 298,073 26,603
Fund Balances:
Reserved:
Reserved· for Encumbrances 191,734 59,097
Unreserved Designated for:
General Government Projects 7,884 272,902
Total Fund Balances 199,618 331,999
Total Liabilities and Fund Balances $ 497,691 $ 358,602
-107 -
CITY OF COLLEGE STATION, TEXAS
1982 SERIES II B OND FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended September 30, 1994 and 1993
Revenues:
Grants
Interest on Investments
Reimbursed Expenses
Other
Total Revenues
Expenditures:
Current:
Reimbursed Administrative
Other
Capital Outlay
Total Expenditures
Deficiency of Revenues Under Expenditures
Other Financing Sources:
Proceeds from Long Term Debt Issuance
Operating Transfers In
Total Other Financing Sources
Deficiency of Revenues and Other Financing Sources
Under Expenditures
Fund Balances, October 1
Fund Balances, September 30
- 108 -
$
$
1994
0
16,088
10,000
374
26,462
0
0
338,842
338,842
(312,380)
180,000
0
180,000
(132,380)
331,999
199,619
$
1993
25,000
0
0
0
25,000
52, 199
971
1,590,575
1,643,745
(1,618,745)
0
425,251
425,251
( 1, 193,494)
1,525,493
$ 331,999
CITY OF COLLEGE STATION, TEXAS
1982 SERIES II BOND FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE,S
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest on Investments $ 3, 100 $. 16,088 $ 12,988
Reimbursed Expenses 0 10,000 10,000
Other 0 374 374
Total Revenues 3,100 26,462 23,362
Expenditures:
Current:
Reimbursed Administrative 1, 140 0 1, 140
Capital Outlay 63,537 338,842 (275,305)
Total Expenditures 64,677 338,842 (274, 165)
Deficiency of Revenues Under Expenditures (61,577) (312,380) (250,803)
Other Financing Sources:
Proceeds from Long Term Debt Issuance 0 180,000 180,000
Total Other Financing Sources 0 180,000 180,000
Deficiency of Revenues and Other Financing
Sources Under Expenditures (61,577) (132,380) (70,803)
Fund Balances (Deficits), October 1 (360,000) 331,999 (28,001)
Fund Balances (Deficits), September 30 $ 298,423 $ 199,619 $ (98,804)
-109 -
CITY OF COLLEGE STATION, TEXAS
1 984 BOND FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1 993
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 29,973 $ 29,587
Equity in Investments 97,733 109,318
Receivables:
Accrued Interest 4,766 5,749
Total Assets $ 132,472 $ 144,654
Liabilities and Fund Balances:
Liabilities:
Retainage Payable $ 7,736 $ 7,736
Total Liabilities 7,736 7,736
Fund Balances:
Reserved:
Reserved for Encumbrances 211,943 251,018
Unreserved Undesignated (87,207) (114, 100)
Total Fund Balances 124,736 136,918
Total Liabilities and Fund Balances $ 132,472 $ 144,654
- 110 -
CITY OF COLLEGE STATION, TEXAS
1984 BOND FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Revenues:
Interest on Investments $ 6,357 $ 13, 702
Contributions 0 22,500
Total Revenues 6,357 3 6,20 2
Expenditures:
Current:
Reimbursed Administrative 1,792 29,28 1
Capital Outlay 16 ,747 120, 795
Total Expenditures . 18,539 150,076
Deficiency of Revenues Under Expenditures (12, 182) (113,874)
Fund Balances, October 1 136,918 250,792
Fund Balances, September 30 $ 124J36 $ 136,9 18
-111 -
CITY OF COLLEGE STATION, TEXAS
1984 BOND FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest on Investments $ 9,200 $ 6,357 $ (2,843)
Total Revenues 9,200 6,357 (2,843)
Expenditures:
Current:
Reimbursed Administrative 6,460 1,792 4,668
Capital Outlay 331,018 16,747 314,271
Total Expenditures 337,478 18,539 318,939
Excess (Deficiency) of Revenues Over (Under)
Expenditures (328,278) (12,182} 316,096
Fund Balances, October 1 125,000 136,918 11,918
Fund Balances (Deficits), September 30 $ (203,278) $ 124,736 $ 328,014
-112 -
CITY OF COLLEGE STATION, TEXAS
1 989 BOND FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 305,584 $ 131,244
Equity in Investments 996,434 1, 174,222
Receivables:
Accrued Interest 46,905 53,416
Total Assets $ 1,348,923. $ 1,358,882
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 0 $ 45,317
Total Liabilities 0 45,317
Fund Balances:
Reserved:
Reserved for Encumbrances 26,505 20,422
Unreserved Designated for:
Parks Projects 15,984 15,984
Unreserved Undesignated 1,306,434 1,277,159
Total Fund Balances 1,348,923 1,313,565
Total Liabilities and Fund Balances $ 1,348,923 $ 1,358,882
-113 -
CITY OF COLLEGE STATION, TEXAS
1 989 BOND FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Revenues:
Special Assessments $ 0 $ 40,000
Interest on Investments 65,016 97,792
Contributions 0 4,491
Total Revenues 65,016 142,283
Expenditures:
Current:
Reimbursed Administrative 21,390 51,844
Capital Outlay 8,268 85, 186
Total Expenditures 29,658 137,030
Excess of Revenues Over Expenditures 35,358 5,253
Other Financing Uses:
Operating Transfers Out . 0 186,557
Total Other Financing Uses 0 186,557
Excess (Deficiency) of Revenues Over (Under)
Expenditures and Other Financing Uses 35,358 (181,304)
Fund Balances, October 1 1,313,565 1,494,869
Fund Balances, September 30 $ 1,348,923 $ 1,313,565
-114 -
CITY OF COLLEGE STATION, TEXAS
1989 BOND FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
. Favorable
Budget Actual (Unfavorable)
Revenues:
Interest on Investments $ 46, 100 $ 65,016 $ 18,916
Total Revenues 46, 100 65,016 18,916
Expenditures:
Current:
Reimbursed Administrative 29,260 21,390 7,870
Capital Outlay 797,927 8,268 789,659
Total Expenditures 827,187 29,658 797,529
Excess (Deficiency) of Revenues Over (Under)
Expenditures (781,087) 35,358 816,445
Fund Balances, October 1 1,300,000 1,313,565 13,565
Fund Balances, September 30 $ 518,913 $ 1,348,923 $ 830,010
-11 5 -
CITY OF COLLEGE STATION, TEXAS
1 991 BOND FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
1994 1993
Assets:
Equity in Cash and Cash Equivalents $ 438,714 $ 479, 157
Equity in Investments 1,430,541 1,770,410
Receivables:
Accrued Interest 58,496 80, 176
Grants 0 3,423
Prepaid Costs 1,000 0
Total Assets $ 1,928,751 $ 2,333, 166
Liabilities and Fund Balances:
Liabilities:
Accounts Payable $ 26,94.4 $ 154,237
Retainage Payable 10,276 36,541
Customer Construction Advances 75,000 50,000
Total Liabilities 112,220 240,778
Fund Balances:
Reserved:
Reserved for Encumbrances 1,231,680 742,368
Reserved for Prepaids 1,000 0
Unreserved Designated for:
Streets Projects 308,220 1,235,707
Unreserved Undesignated 275,631 114,313
Total Fund Balances 1,816,531 2,092,388
Total Liabilities and Fund Balances $ 1,928, 751 $ 2,333, 166
- 116 -
CITY OF COLLEGE STATION, TEXAS
1991 -BOND FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
For the Fiscal Years Ended September 30, 1994 and 1993
Revenues:
Grants
Interest on Investments
. TotaJ Revenues
Expenditures:
Current:
Reimbursed Administrative
Capital Outlay
Total Expenditures
Deficiency of Revenues Under Expenditures
Other Financing Sources:
Operating Transfers In
Total Other Financing Sources
Deficiency of Revenues and Other Financing Sources
Under Expenditures
Fund Balances, October 1
Fund Balances, September 30
$
1994
0
72,406
72,406
58,022
1,004,241
1,062,263
(989,857)
714,000
714,000
(275,857)
2,092,388
$ 1,816,531
-117 -
$
1993
65,841
157,448
223,289
67, 182
943,364
1,010,546
(787,257)
0
0
(787,257)
2,879,645
$ 2,092,388
CITY OF COLLEGE STATION, TEXAS
1991 BOND FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Revenues:
Interest on Investments $ 150,600 $ 72,406 $ (78, 194)
Total Revenues 150,600 72,406 (78, 194)
Expenditures:
Current:
Reimbursed Administrative 93, 100 58,022 35,078
Capital Outlay 3,389,082 1,004,241 2,384,841
Total Expenditures 3,482, 182 1,062,263 2,419,919
Excess (Deficiency) of Revenues Over (Under)
Expenditures (3,331,582) (989,857) 2,341, 725
Other Financing Sources:
Proceeds from Long Term Debt Issuance 2,000,000 0 (2,000,000),
Operating Transfers In 714,000 714,000 0
Total Other Financing Sources 2,714,000 714,000 (2,000,000)
Excess (Deficiency) of Revenues and Other
Financing Sources Over (Under) Expenditures (617,582) (275,857) 341,725
Fund Balances (Deficit), October 1 2, 100,000 2,092,388 (7,612)
Fund Balances, September 30 $ 1,482,418 $ 1,816,531 $ 334, 113
-118 -
ENTERPRISE FUNDS
Enterprise funds are used to account for operations that are financed and operated in a
manner similar to private business enterprises. In these funds, the intent of the
government's council is that costs of providing goods or services to the general public on
· a continuing basis will be financed or recovered primarily through user charges, or where
the government's council has decided that periodic -determination of net income is
appropriate for accountability purposes.
Electric -to account for revenues and expenses related to the operation and maintenance
of the electric systems of the City. All activities necessary to provide such services are
accounted for in this fund and include, but are not limited to, administration, operations,
maintenance, utility billing and collections, meter reading, and financing and related debt
service.
Water -to account for revenues and expenses related to the operation and maintenance
of the water systems of the City. All activities necessary to provide such services are
accounted for in this fund and include, but are not limited to, administration, operations,
maintenance, and financing and related debt service.
Sewer -to account for revenues and expenses related to the operation and maintenance
of the sewer systems of the City. All activities necessary to provide such services are
accounted for in this fund and include, but are not limited to, administration, operations,
maintenance, and financing and related debt service.
Solid Waste Collection -to account for all sanitation collection and disposal activities by
the City for both residential and commercial residents.
- 119 -
CITY OF COLLEGE STATION, TEXAS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Electric Water Sewer
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 2,266,720 $ 0 $ 297,945
Equity in Investments 7,391,225 0 971,527
Receivables:
Accrued Interest 432,330 0 74,095
Accounts 4,697,534 313,400 287,331
Special Assessments 0 0 0
Other 575,009 0 0
Less Allowance for Uncollectible
Accounts (658,834) (7,392) (8,236)
lntertund Receivables 175,173 0 0
Inventories 931,113 266,467 9,083
Prepaid Costs 1,750 0 600
Total Current Assets 15,812,020 572,475 1,632,345
Restricted Assets:
Equity in Cash and Cash Equivalents 0 260,704 491,427
Equity in Investments 0 850,091 1,602,424
Receivables:
Accrued Interest 15.707 31,415 54,596
Accounts 0 0 0
Special Assessments 0 2,088 3,984
Total Restricted Assets 15,707 1, 144,298 2, 152,431
Note Receivable from Joint Venture 0 0 0
Equity in Joint Venture 0 0 0
Advance to Other Funds 829, 184 0 0
Deferred Charges:
Water Well 0 1, 167,075 0
Bond Issuance Costs 62,313 33,542 169,455
Accumulated Amortization (7,803) (1,038,369) (16,492)
Total Deterred Charges 54,510 162,248 152,963
Property and Equipment:
Utility Plant 27, 700,885 32,619,794 25,971,595
Buildings 0 898,760 811,654
Machinery and Equipment 171,470 535,483 1,200,864
Accumulated Depreciation (9,539,961) (9, 162,963) (6, 193,199}
Construction in Progress 3,922,076 414,785 1,075,005
Land 0 529,609 447, 178
Total Property and Equipment, Net 22,254,470 25,835,468 23,313,097
Total Assets $ 3819651891 $ 27J141489 $ 27,250,836
- 120 -
Totals
Solid Waste 1994 1993
$ 136, 125 $ 2,700,790 $ 2,008,062
443,869 8,806,621 7,419,459
45,313 551,738 449,567
182,823 5,481,088 5,441,623
0 0 4,794
0 575,009 461,451
(6,383) (680,845) (549,825)
0 175,173 163,922
18, 188 1,224,851 1,490,215
0 2,350 3,575
819,935 18,836, 775 16,892,843
0 752, 131 1,715,438
0 2,452,515 6,338,264
0 101,718 189,516
0 0 51,567
0 6,072 1,865
0 3,312,436 8,296,650
673,996 673,996 758,599
949,673 949,673 295,597
0 829, 184 1,004,357
0 1, 167,075 1, 167,075
0 265,310 265,310
.0 (1,062,664) (1,030,855)
0 369,721 401,530
0 86,292,274 71,937,308
0 1,710,414 1,710,414
2,412, 759 4,320,576 4,303,412
(1,526,695) (26,422,818) (23,499,604)
0 5,411,866 7,329,529
0 976,787 955,932
886,064 72,289,099 62,736,991
$ 3 329 668 $ 97 260 884 $ 90 386 567
(Continued)
-121 -
CITY OF COLLEGE STATION, TEXAS
ENTERPRISE FUNDS
COMBINING BALANCE SHEET
September 30, 1 994
(With comparative totals for the fiscal year ended September 30, 1993)
(Continued)
Electric Water Sewer
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 2,615,978 $ 72, 179 $ 72,039
Accrued Interest Payable 0 7,583 0
Retainage Payable 4,793 0 0
lnterfund Payable 0 0 0
Obligation Under Capital Lease 0 227,960 0
Accrued Liabilities 297,223 39,816 42,256
Customer Construction Advances 24,382 1,800 400
Other Deferred Revenues 2,760 350 0
Total Current Liabilities 2,945, 136 349,688 114,695
Current Liabilities Payable from Restricted
Assets:
Accounts Payable 236,677 23,945 252,737
Accrued Interest Payable 80, 165 107,818 150,277
Retainage Payable 65,978 27,857 24,942.
Refundable Deposits 1,800,972 0 0
Revenue Bonds 571,250 1, 122,400 931,350
General Obligation Bonds 134,750 126,500 117,620
Certificates of Obligation 13, 100 6,550 6,550
Miscellaneous Accrued Liabilities 0 0 0
Total Current Liabilities Payable from
Restricted Assets 2,902,892 1,415,070 1,483,476
Noncurrent Liabilities:
Revenue Bonds 4,489,078 5,883,256 8,837,666
Unamortized Premium on Bonds 1,625 774 5,338
General Obligation Bonds 423,500 257,000 337,290
Certificates of Obligation 52,400 26,200 26,200
Obligation Under Capital Lease 0 1, 104,297 0
Advances from Other Funds 0 0 0
Accrued Vacation 114,569 27,740 36,944
Total Noncurrent Liabilities 5,081,172 7,299,267 9,243,438
Total Liabilities 10,929,200 9,064,025 10,841,609
Fund Equity:
Contributed Capital 3,486,373 6,751,552 6,671,696
Retained earnings:
Reserved for Debt Service 788,446 171,303 882,516
Reserved for Capital Projects 0 817,088 1,461,083
Unappropriated 23,761,872 10,910,521 7,393,932
Total Fund Equity 28,036,691 18,650,464 16,409,227
Total Liabilities and Fund Equity $ 38,965,891 $ 27J14,489 $ 27,250,836
-122 -
Totals
Solid Waste 1994 1993
$ 15, 140 $ 2,775,336 $ 3, 124,296
0 7,583 0
0 4,793 4,793
175,173 175,173 . 163,922
0 227,960 494,221
28,294 407,589 335, 181
0 26,582 32,407
0 3, 110 2,626
218,607 3,628, 126 4, 157,446
0 513,359 275,524
0 338,260 397,537
0 118,777 189,846
0 1,800,972 1,834,449
0 2,625,000 2,335,000
0 378,870 378,955
0 26,200 26,200
0 0 22
0 5,801,438 5,437 ,533
0 19,210,000 21,835,000
0 7,737 8, 149
0 1,017,790 1,396,660
0 104,800 131,000
0 1, 104,297 1,332,257
829, 184 829, 184 1,004,357
28,642 207,895 196, 712
857,826 22,481,703 25,904, 135
1,076,433 31,911,267 35,499, 114
54,901 16,964,522 10,704, 165
0 1,842,265 3,368,073
0 2,278, 171 11,767,099
2, 198,334 44,264,659 29,048, 116
2,253,235 65,349,617 54,887,453
$ 3,329,668 $ 97,260,884 $ 90.386,567
- 123 -
CITY OF COLLEGE STATION, TEXAS
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Electric Water Sewer
Operating Revenues:
Electric Sales $ 32,658,787 $ 0 $ 0
Water Sales 0 5,843,051 0
Sewer Service 0 0 5,027,766
Garbage Collection Fees 0 0 0
Charges for Services 590, 127 0 0
Other 572,466 359,473 188,639
Total Operating Revenues 33,821,380 6,202,524 5,216,405
Operating Expenses:
Purchased Power 22,693,021 0 0
Salaries and Benefits 2,716,423 1,029,400 1,031,551
Supplies 157,457 107,284 160,550
Maintenance 414,188 230,473 203,038
Purchased Professional Services 571,338 29,609 77,908
Purchased Property Services 191,502 533,857 521,595
Other Purchased Services 481,911 140,951 177, 704
Reimbursed Administrative 450,801 853, 137 703,982
Depreciation 906,734 875,564 666,930
Other 203,789 17, 185 0
Total Operating Expenses 28,787, 164 3,817,460 3,543,258
Operating Income 5,034,216 2,385,064 1,673,147
Nonoperating Revenues (Expenses):
Interest Earnings 747,747 32,983 177,507
Reimbursed Expenses 158,234 2,216 15,000
Contributions 0 0 0
Earnings (Loss) in Joint Venture 0 0 0
Interest Expense (634,578) (754, 139) (751,173)
Other, Net (85,700) 255 11,229
Total Nonoperating Revenues (Expenses) 185,703 (718,685) (547,437)
Income Before Operating Transfers 5,219,919 1,666,379 1,125,710
Operating Transfers:
Operating Transfers In 0 0 0
Operating Transfers Out (3, 116,079) (600,000) (550,000)
Total Operating Transfers (3, 116,079} (600,000) (550,000)
Income Before Extraordinary Item 2, 103,840 1,066,379 575,710
Extraordinary Item -Loss on Refunding 0 0 0
Net Income 2, 103,840 1,066,379 575,710
Retained Earnings, October 1, As Restated 22,446,478 10,832,533 9,161,821
Retained Earnings, September 30 $ 24,550,318 $ 11,898,912 $ 9,737,531
-124 -
Totals
Solid Waste
Collection 1994 1993
$ 0 $ 32,658,787 $ 28,464,801
0 5,843,051 5,734,669
0 5,027,766 4,587,982
3,002,046 3,002,046 2,570,879
0 590, 127 546,693
�8, 736 1,169,314 897,823
3,050,782 48,291,091 42,802,847
0 22,693,021 19,334,322
819,672 5,597,046 5,094,683
125, 164 550,455 433,596
118,914 966,613 892,428
98,369 777,224 467,341
679,.340 1,926,294 1,834,299
232,096 1,032,662 916,282
405,899 2,413,819 2,361,698
293,452 2,742,680 2,598,954
12,612 233,586 44,291
2,785,518 38,933,400 33,977,894
265,264 9,357,691 8,824,953
85,827 1,044,064 1,158,716
1,249 176,699 170,771
5,000 5,000 0
654,076 654,076 (54,441)
(76, 106) (2,215,996) (2, 118,495)
5,770 (68,446) (219,341)
675,816 (404,603) ( 1,062, 790)
941,080 8,953,088 7,762,163
0 0 1,950
(141,450) (4,407 ,529) (4,268,454)
( 141,450) (4,407,529) (4,266,504)
799,630 4,545,559 3,495,659
0 0 (129,938)
799,630 4,545,559 3,365,721
1,398,704 43,839,536 40,817,567
$ 2, 198,334 $ 48,385,095 $ 44, 183,288
- 125 -
CITY OF COLLEGE STATION, TEXAS
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1 993)
Electric Water Sewer
Cash Flows from Operating Activities:
Cash Received from Customers $ 33,701,035 $ 6,401,662 $ 5, 163,083
Cash Payments to Suppliers for Goods and Services (24,430, 350) (2,605, 778) (1,823,519)
Cash Payments to Employees for Services (2,652,713) (1,026,550) (1,012,972)
Customer Deposits Received 752,813 0 0
Customer Deposits Returned (786,290) 0 0
Cash Received from Contributions 0 0 0
Cash Received for Reimbursed Expenses 44,676 2, 126 15,000
Cash Received from Sale of Scrap 9, 111 0 402
Cash Received from Collection Fees 6,676 0 0
Cash Received from Leases 11,287 300 0
Cash Received from Miscellaneous Revenues 59,949 24,749 13,002
Cash Paid for Special Projects (2, 192) 0 0
Cash Paid for Miscellaneous Expenses (3,955) 0 (11,556)
Net Cash Provided by Operating Activities 6 710 047 2,796,509 2,343,440
Cash Flows from Noncapital Financing Activities:
· Principal Received on Note 0 0 0
Interest Received on Note 0 0 0
Prihcipal Received on Advance to Other Funds 163,922 0 0
Interest Received on Advance to Other Funds 76, 106 0 0
Operating Transfers In from Other Funds 0 0 0
Operating Transfers Out to Other Funds (3, 116,079) (600,000) (550,000)
Cash Subsidies Paid to Public Agencies (165,000) 0 0
Net Cash Used by Noncapital Financing Activities (3,041,051) (600,000) (550,000)
Cash Flows from Capital and Related Financing Activities:
Acquisition and Construction of Capital Assets (4,442,633) (378,201) (1,412,605)
Proceeds from Sale of Assets 19, 776 2,425 12,525
Capital Contributed by Developers 0 0 36,041
Principal Paid on Revenue Bonds (500,372) (1,089,944) (744,684)
Principal Paid on General Obligation Bonds (134, 750) (126,500) (117,705)
Principal Paid on Certificates of Obligation (13,100) (6,550)· (6,550)
Principal Paid on Obligation under Capital Lease 0 (494,221) 0
Principal Paid on Advance from Other Funds 0 0 0
Interest Paid on Revenue Bonds (414, 185) (651,819) (750, 144)
Interest Paid on General Obligation Bonds (31,281) (17,419) (24,420)
Interest Paid on Certificates of Obligation (9,432) (4,716) (4,716)
Interest Paid on Obligation Under Capital Lease 0 (98,778) 0
Interest Paid on Advance from Other Funds 0 0 0
Interest Paid to Other Funds (192,259) 0 0
Fees Paid to Fiscal Agent (1,721) (2,277) (2,618)
Proceeds from Revenue Bonds 0 0 0
Net Cash Used by Capital and Related Financing Activities (5, 719,957) (2,868,000) (3,014,876)
Cash Flows from Investing Activities:
Purchase of Investments (4,302,430) (494,837) (4,421,83 7)
Proceeds from Sale and Maturities of Investments 5,638, 184 1,013,429 5,288,679
interest on Investments 619,988 43 172 212J22
Net Cash Provided (Used) by Investing Activities 1,955, 742 561,764 1,079,564
Net Increase (Decrease) in Cash (95,219) (109,727) (141,872)
Cash and Cash Equivalents, October 1 2,361,939 370,431 931,244
Cash and Cash Equivalents, September 30 $ 2,266,720 $ 260,704 $ 789,372
-126 -
Totals
Solid Waste
Collection 1994 1993
$ 3,037,413 $ 48,303, 193 $ 43, 149,301
(1,674,453) (30,534, 100) (28, 628, 542)
(817,890) (5,510,125) (5,049,378)
0 752,813 889,240
0 (786,290) . (952,873)
5,000 5,000 0
1,249 63,051 108,392
0 9,513 18,633
0 6,676 6,525
0 11,587 9,515
21,770 119,470 211,768
0 (2, 192) (49,418)
0 (15 511) (11 737)
573,089 12,423,085 9,701,426
84,603 84,603 78,220
59,029 59,029 62,852
0 163,922 153,393
0 76, 106 86,635
0 0 1,950
(141,450) (4,407,529) (4,268,454)
(16,000) (181,000) (206,000)
(13,818) (4,204,869) (4,091,404)
(39,078) (6,272,517) (5,564,564)
0 34,726 22,012
0 36,041 64,053
0 (2,335,000) (2,375,000)
0 (378,955) (370, 795)
0 (26,200) (26,200)
0 (494,221) (451,983)
(163,922) (163,922) (153,393)
0 (1,816, 148) (1,720,928)
0 (73, 120) (125,450)
0 (18,864) (22,008)
0 (98,778) (141,016)
(76, 106) (76, 106) (86,635)
0 (192,259) 0
0 (6,616) (5,477)
0 0 4,568,094
(279, 106) (11,881,939) (6,389,290)
(258,376) (9,477,480) (6,239,695)
35,775 11,976,067 8,845,289
18,675 894,557 833,095
(203,926) 3 393 144 3,438,689
76,239 (270,579) 2,659,421
59 886 3,723,500 1 064 079
$ 136, 125 $ 3,452,921 $ 3,723,500
(Continued)
- 12 7 -
CITY OF COLLEGE STATION, TEXAS
ENTERPRISE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1 993)
(Continued)
Electric Water
Reconciliation of Operating Income to Net Cash Provided
by Operating Activities:
Operating Income $ 5,034,216 $ 2,385,064 $
Adjustments to Reconcile Operating Income to Net Cash
Provided by Operating Activities:
Depreciation 906,734 875,564
Amortization 3,459 1,873
Provision for Uncollectible Accounts 146, 180 (15,652)
Miscellaneous Revenues 250,598 27, 175
Miscellaneous Expenses (6,147) 0
Change in Assets and Liabilities:
Change in Accounts .Receivable (120,345) 199,138
Change in Other Receivables (113,558) 0
Change in Inventory 294, 193 (14,627)
Change in Prepaid Costs 1,225 0
Change in Accounts Payable 302,684 (664,880)
Change in Accrued Liabilities 42,608 10,641
Change in Deferred Revenues (5,341) 0
Change in Refundable Deposits (33,477) 0
Change in Accrued Vacation 7,018 (7,787)
Total Adjustments 1,675,831 411,445
Net Cash Provided by Operating Activities $ 6,710,047 $ 2,796,509 $
Noncash Financing, Capital, and Investing Activities:
Sewer
1,673, 147
666,930
8,923
(318)
28,404
(11,556)
(53,322)
0
(1,855)
0
14,524
11,380
0
0
7, 183
670,293
2,343,440
During the fiscal year, the Water and Sewer Funds added capital contributed by developers in the amount of
$3,659, 759 and $2,564,557, respectively.
- 128 -
$
$
Solid Waste
Collection
265,264
293,452
0
810
28,019
0
(13,369)
0
(12,347)
0
(1,288)
7,779
0
0
4,769
307,825
573,089
$
$
Totals
1994 1993'
9,357,691 $ 8,824,953
2,742,680 2,598,954
14,255 6,695
131,020 (187,494)
334, 196' 111,860
(17,703) (25,906)
12, 102 (530,586)
(113,558) 193, 126
265,364 (271,702)
1,225 (2,975)
(348,960) (1,027, 161)
72,408 60,762
(5,341) 7,903
(33,477) (63,633)
11, 183 6,630
3,065,394 876,473
12,423,085 $ 9, 701,426
- 129 -
CITY OF COLLEGE STATION, TEXAS
ELECTRIC FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 2,266,720 $ 1,667,999
Equity in Investments 7,391,225 6, 162,984
Receivables:
Accrued Interest 432,330 347,359
Accounts 4,697,534 4,525,622
Other 575,009 461,451
Less Allowance for Uncollectible Accounts (658,834) (512,654)
lnterfund Receivable 175, 173 163,922
Inventories 931, 113 1,225,306
Prepaid Costs 1,750 2,975
Total Current Assets 15,812,020 14,044,964
Restricted Assets:
Equity in Cash and Cash Equivalents 0 693,940
Equity in Investments 0 2,563,995
Receivables:
Accrued Interest 15,707 49,025
Accounts 0 51,567
Total Restricted Assets 15,707 3,358,527
Advance to Other Funds 829, 184 1,004,357
Deferred Charges:
Bond Issuance Costs 62,313 62,313
Accumulated Amortization (7,803) (4,344)
Total Deferred Charges 54,510 57,969
Property and Equipment:
Utility Plant 27,700,885 22,770,861
Machinery and Equipment 171,470 116,721
Accumulated Depreciation (9,539,961) (8,687, 131)
Construction in Progress 3,922,076 4,580,826
Total Property and Equipment 22,254,470 18, 781,277
Total Assets $ 38,965,891 $ 37,247,094
(Continued)
- 130 -
CITY OF COLLEGE STATION, TEXAS
ELECTRIC FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1 993
(Continued)
1994 1993
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 2,615,978 $ 2,313,294
Retainage Payable 4,793 4,793
Accrued Liabilities 297,223 254,615
Customer Construction Advances 24,382 29,857
Other Deferred Revenues 2,760 2,626
Total Current Liabilities 2,945, 136 2,605, 185
Current Liabilities Payable from Restricted Assets:
Accounts Payable 236,677 236, 189
Accrued Interest Payable 80, 165 92;744
Retainage Payable. 65,978 104, 114
Refundable Deposits 1,800,972 1,834,449
Revenue Bonds 571,250 500,372
General Oblig.ation Bonds 134,750 134,750
Certificates of Obligation 13, 100 1'3, 100
Total Current Liabilities Payable from Restricted Assets 2,902,892 2,915, 718
Noncurrent Liabilities:
Revenue Bonds 4,489,078 5,060,328
Unamortized Premium on Bonds 1,625 1, 711
General Obligation Bonds 423,500 558,250
Certificates of Obligation 52,400 65,500
Accrued Vacation 114,569 107,551
Total Noncurrent Liabilities 5,081, 172 5,793,340
Total Liabilities 10,929,200 11,314,243
Fund Equity:
Contributed Capital 3,486,373 3,486,373
Retained Earnings:
Reserved for Debt Service 788,446 638,489
Reserved for Capital Projects 0 5,472,539
Unappropriated 23,761,872 16,335,450
Total Fund Equity 28,036,691 25,932,851
Total Liabilities and Fund Equity $ 38,965,891 $ 37,247,094
-131 -
CITY OF COLLEGE STATION, TEXAS
ELECTRIC FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Charges for Sales and Services:
Electric Sales $ 32,658,787 $ 28,464,801
Charges for Services 590, 127 546,693
Other 572,466 583,219
Total Operating Revenues 33,821,380 29,594,713
Operating Expenses:
Purchased Power 22,693,021 19,334,322
Salaries and Benefits 2, 716,423 2,430,043
Supplies 157,457 141,662
Maintenance 414,188 469,093
Purchased Professional Services 571,338 356,417
Purchased Property Services 191,502 151,896
Other Purchased Services 481,911 435, 125
Reimbursed Administrative 450,801 422,243
Depreciation 906,734 970,517
Other 203,789 25,031
Total Operating Expenses 28,787,164 24,736,349
Operating Income 5,034,216 4,858,364
Nonoperating Revenues (Expenses):
Interest Earnings 747,747 812,912
Reimbursed Expenses 158,234 153,683
Interest Expense (634,578) (450,460)
Other, Net (85,700) (202,837)
Total Nonoperating Revenues (Expenses) 185,703 313,298
Income Before Operating Transfers 5,219,919 5, 171,662
Operating Transfers Out (3, 116,079) (2,871,704)
Income Before Extraordinary Item 2, 103,840 2,299,958
Extraordinary Item -Loss on Refunding 0 (40,287)
Net Income 2, 103,840 2,259,671
Retained Earnings, October 1 22,446,478 20, 186,807
Retained Earnings, September 30 $ 24,550,318 $ 22,446,478
-132 -
CITY OF COLLEGE STATION, TEXAS
ELECTRIC FUND
SCHEDULE OF REVENUES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Electric Sales $ 30,668,588 $ 32,649,337 $ 1,980, 749
Forfeits, Discounts, and Penalties 310,000 309,923 (77)
Electric Property Rentals 18,000 20,298 2,298
Connect Fees 80,000 242,246 162,246
Total Operating Revenues 31,076,588 33,221,804 2,145,216
Nonoperating Revenues:
Interest Earnings 625,000 673,999 48,999
Reimbursed Expenses 134,300 158,234 23,934
Miscellaneous Nonoperating Revenue 20,500 137,508 117,008
Total Nonoperating Revenues 779,800 969,741 189,941
Energy Project Fund:
Interest Earnings 20,000 23, 166 3, 166
Revenue Bond I & S Fund:
Operating Transfers In 1,472, 144 1,472, 146 2
Electric Revenue Bond Funds:
Interest Earnings 269,400 (192,259) (461,659)
Other 0 (} 27) (127)
Proceeds from Long-Term Debt 5,600,000 0 (5,600,000)
Total Electric Revenue Bond Funds 5,869,400 (192,386) (6,061, 786)
Utility Billing -Fund:
Interest Earnings 0 50,582 50,582
Miscellaneous Nonoperating Revenues 1,500 478 (1,022)
Total Utility Billing Fund Revenues 1,500 51,060 49,560
Total Electric Fund Revenues $ 39,219,432 $ 35,545,531 $ {3,673,901 i
See reconciliation to GAAP basis on page 1 51 .
-133 -
CITY OF COLLEGE STATION, TEXAS
ELECTRIC FUND
SCHEDULE OF EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Budget Actual
Administration:
Salaries and Benet its $ 209,761 $ 176,239
Supplies 45,850 45,801
Maintenance 46,200 46, 141
Purchased Professional Services 87,078 67,948
Purchased Property Services 59,220 55,342
Other Purchased Services 73, 102 32, 149
Capital Outlay 113,477 79,357
Total Administration 634,688 502,977
Technical Services:
Salaries and Benefits 905,113 905, 112
Supplies 108,532 108,522
Maintenance 132, 110 132,048
Purchased Professional Services 24,400 22,388
Purchased Property Services 20,084,528 22,776,769
Other Purchased Services 169,531 160,915
Capital Outlay 108,105 54,071
Total Technical Services 21,532,319 24, 159,825
Electric Transmission/Distribution:
Salaries and Benet its 1,038,203 1,038, 139
Supplies 69,205 46,945
Maintenance 229,940 229,937
Purchased Professional Services 532,000 490,614
Purchased Property Services 22,870 22,908
Other Purchased Services 200,543 180,139
Capital Outlay 270,777 113,298
Total Electric Transmission/Distribution 2,363,538 2,121,980
Nondepartmental:
Depreciation 750,000 875,716
Principal Payments 147,850 147,850
Interest Expense 40,713 40,713
Return on Investment 3, 116,079 3, 116,079
Special Programs/Projects 24,328 3,078
Reimbursed Debt Service 1,472, 144 1,472,146
Reimbursed Administrative 1,351,334 1,351,334
Public Agency Funding 165,000 165,000
Inventory Loss 0 1,303
Contingency 116,063 0
Total Nondepartmental 7,183,511 7, 173,219
(Continued)
-134 -
Variance
Favorable
(Unfavorable)
$ 33,522
49
59
19, 130
3,878.
40,953
34, 120
131,711
1
10
62
2,012
(2,692,241)
8,616
54,034
(2,62 7 ,506)
64
·22,260
3
41,386
(38)
20,404
157,479
241,558
(125,716)
0
0
0
21,250
(2)
0
0
(1,303)
116,063
10,292
CITY OF COLLEGE STATION, TEXAS
ELECTRIC FUND
SCHEDULE OF EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
(Continued)
Variance
Favorable
Budget Actual (Unfavorable)
Revenue Bond I & S Fund:
Principal Payments 500,372 500,372 0
Interest Expense 414,178 414,185 (7)
Fiscal Agent's Fees 4,200 1,721 2,479
Total Revenue Bond I & S Fund 918,750 916,278 2,472
Electric Revenue Bond Fund:
Reimbursed Administrative 40,000 40,000 0
Capital Outlay 5,889,878 3,587,820 2,302,058
Contingency 200,000 0 200,000
Total Electric Revenue Bond Fund 6, 129,878 3,627,820 2,502,058
Energy Project Fund:
Special Programs/Projects 163,250 36,544 126, 706
Total Energy Project Fund 163,250 36,544 126,706
Utility Billing Fund:
Salaries and Benefits 892,742 850,891 41,851
Supplies 36, 100 32,350 3,750
Maintenance 12,500 12,397 103
Purchased Professional Services 800 704 96
Purchased Property Services 30,050 29,506 544
Other Purchased Services 115,985 95,268 20, 717
Capital Outlay 20,000 0 20,000
Total Utility Billing Fund 1,108,177 1,021, 116 87,061
Utility Billing Nondepartmental:
Depreciation 0 31,018 (31,018)
Reimbursed Administrative (1,530,661) (1,530,661) 0
Special Programs/Projects 0 2, 192 (2, 192)
Miscellaneous 0 369 (369)
Capital Outlay 450,000 113,056 336,944
Contingency 19,065 0 19,065
Expected Expenditure Savings (36,526) 0 (36,526)
Total Utility Billing Nondepartmental (1,098, 122) (1,384,026) 285,904
Total Electric Fund Expenses $ 38,935,989 $ 38, 175,733 $ 760,256
See reconciliation to GAAP basis on page 1 51 .
-135 -
CITY OF COLLEGE STATION, TEXAS
WATER FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
Assets
Current Assets:
Receivables:
Accounts
Less Allowance for Uncollectible Accounts
Inventories
Total Current Assets
Restricted Assets:
Equity in Cash and Cash Equivalents
Equity in Investments
Receivables:
Accrued Interest
Special Assessments
Total Restricted Assets
Deferred Charges:
Water Well
Bond Issuance Costs
Accumulated Amortization
Total Deferred Charges
Property and Equipment:
Utility Plant
Buildings
Machinery and Equipment
Accumulated Depreciation
Construction in Progress
Land
Total Property and Equipment
Total Assets
$
$
{Continued)
-136 -
1994
313,400
(7,392)
266,467
572,475
260, 704
850,091
31,415
2,088
1, 144,298
1, 167,075
33,542
(1,038,369)
162,248
32,619,794
898,760
535,483
(9, 162,963)
414,785
529,609
25,835,468
27J14,489
$
$
1993
512,538
(23,044)
251,840
741,334
370,431
1,368,683
41,604
1,865
1,782,583
1, 167,075
33,542
(1,018,943)
181,674
28,562,568
898,760
573,463
(8,118,981)
405,849
529,609
22,851,268
25,556,859
CITY OF COLLEGE STATION, TEXAS
WATER FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
(Continued)
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable
Accrued Interest Payable
Obligations Under Capital Lease
Accrued Liabilities
Customer Construction Advances
Other Def erred Revenues
Total Current Liabilities
Current Liabilities Payable from Restricted Assets:
Accounts Payable
Accrued Interest Payable
Retainage Payable
Revenue Bonds
General Obligation Bonds
Certificates of Obligation
Miscellaneous Accrued Liabilities
Total Current Liabilities Payable from Restricted Assets
Noncurrent Liabilities:
Reyenue Bonds
Unamortized Premium on Bonds
General Obligation Bonds
Certificates of Obligation
Obligation Under Capital Lease
Accrued Vacation
Total Noncurrent Liabilities
Total Liabilities
Fund Equity:
Contributed Capital
Retained Earnings:
Reserved for Debt Service
Reserved for Capital Projects
Unappropriated
Total Fund Equity
Total Liabilities and Fund Equity
$
1994
72, 179
7,583
227,960
39,816
1,800
350
349,688
23,945
107,818
27,857
1, 122,400
126,500
6,550
0
1,415,070
5,883,256
774
257,000
26,200
1, 104,297
27,740
7,299,267
9,064,025
6,751,552
171,303
817,088
10,910,521
18,650,464
$ 27,714,489
-13 7 -
$
1993
737,059
0
494,221
29, 175
2, 150
0
1,262,605
1,422
126,410
19,704
1,089,944
126,500
6,550
22
1,370,552
7,005,656
'81 5
383,500
32, 750
1,332,257
35,527
8,790,505
11,423,662
3,091,793
1,531,855
3,495,385
6,014, 164
14, 133, 197
$ 25,556,859
CITY OF COLLEGE STATION, TEXAS
WATER FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1 993
1994 1993
Operating Revenues:
Charges for. Sales and Services:
Water Sales $ 5,843,051 $ 5,734,669
Other 359,473 152,045
Total Operating Revenues 6,202,524 5,886,714
Operating Expenses:
Salaries and Benefits 1,029,400 945,234
Supplies 107,284 83,539
Maintenance 230,473 194, 100
Purchased Professional Services 29,609 6,219
Purchased Property Services 533,857 618,740
Other Purchased Services 140,951 121,793
Reimbursed Administrative 853, 137 811,155
Depreciation 875,564 772,321
Other 17, 185 16,676
Total Operating Expenses 3,817,460 3,569,777
Operating Income 2,385,064 2,316,937
Nonoperating Revenues (Expenses):
Interest Earnings 32,983 42,312
Reimbursed Expenses 2,216 16,895
Interest Expense (754, 139) (899,523)
Other, Net 255 (23,255)
Total Nonoperating Revenues (Expense,s) (718,685) (863,571)
Income Before Operating Transfers 1,666,379 1,453,366
Operating Transfers Out (600,000) (692,550)
Income Before Extraordinary Item 1,066,379 760,816
Extraordinary Item -Loss on Refunding 0 (43,502)
Net Income 1,066,379 717,314
Retained Earnings, October 1 10,832,533 10,324,090
Retained Earnings, September 30 $ 11,898,912 $ 11 I 04 1 ,404
- 138 -
CITY OF COLLEGE STATION, TEXAS
WATER FUND
SCHEDULE OF REVENUES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Water Sales $ 5,831,831 $ 5,864,531 $ 32,700
Forfeits, Discounts, Penalties 43,000 54,739 11, 739
Connect Fees 0 39,228 39,228
Water Taps 81,000 250, 100 169, 100
Total Operating Revenues 5,955,831 6,208,598 252, 767
Nonoperating Revenues (Expenses):
Interest 0 (10,945) (10,945)
Reimbursed Expenses 1, 100 2,216 1, 116
Miscellaneous Nonoperating Revenue 2,500 4,207 1,707
Total Nonoperating Revenues {Expenses) 3,600 (4,522) (8, 122)
Revenue Bond I & S Fund:
Operating Transfers In 1,647,528 1,647,528 0
Water Revenue Bond Fund:
Interest on Investments 89,800 43,927 (45,873)
Miscellaneous Nonoperating Revenue 0 157 157
Total Water Revenue Bond Fund 89,800 44,084 (45,716)
Total Water Fund Revenues $ 7,696,759 $ 7,895,688 $ 198,929
See reconciliation to GAAP basis on page 1 51 .
-139 -
CITY OF COLLEGE STATION, TEXAS
WATER FUND
SCHEDULE OF EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)·
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Water Production/Distribution/Engineering:
Salaries and Benefits $ 1,109,910 $ 1,044,695 $ 65,215
Supplies 172,420 171,926 494
Maintenance 230,480 230,473 7
Purchased Professional Services 15,175 12,894 2,281
Purchased Property Services 1, 193,924 1,126,857 67,067
Other Purchased Services 152,356 140,950 1.1,406
Capital Outlay 450 450 0
Total Water
Production/Distribution/Engineering 2,874, 715 2,728,245 146,470
Nondepartmental:
Depreciation 772,000 875,564 (103,564)
Principal Payments 133,050 133,050 0
Interest Expense 25,517 22, 135 3,382
Return on Investment 600,000 600,000 0
Reimbursed Debt Service 1,647,528 1,647,528 0
Reimbursed Administrative 816,085 816,085 0
Inventory Loss 0 62 (62)
Contingency 49,088 0 49,088
Total Nondepartmental 4,043,268 4,094,424 (51,156)
Revenue Bond I & S Fund:
Principal Payments 1,089,944 1,089,944 0
interest Expense 651,833 651,819 14
Fiscal Agent's Fees 660 2,277 (1,617)
Total Revenue Bond I & S Fund 1, 742,437 1,744,040 (1,603}
Water Revenue Bond Fund:
Purchased Professional Services 15,000 16,678 (1,678)
Reimbursed Administrative 38,400 38,400 0
Capital Outlay 1,282,364 320,393 961,971
Contingency 50,000 0 50,000
Total Water Revenue Bond Fund 1,385,764 375,471 1,010,293
Total Water Fund Expenses $ 10,046,184 $ 8,942, 180 $ 1, 104,004
See reconciliation to GAAP basis on page 1 51 .
-140 -
- 141 -
CITY OF COLLEGE STATION, TEXAS
SEWER FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 297,945 $ 280, 177
Equity in Investments 971,527 1,035,207
Receivables:
Accrued Interest 74,095 65,019
Accounts 287,331 234,009
Special Assessments 0 4,794
Less Allowance for Uncollectible Accounts (8,236) (8,554)
Inventories . 9,083 7,228
Prepaid Costs 600 600
Total Current Assets 1,632,345 l,618,480
Restricted Assets:
Equity in Cash and Cash Equivalents 491,427 651,067
Equity in Investments 1,602,424 2,405,586
Receivables:
Accrued Interest 54,596 98,887
Special Assessments 3,984 0
Total Restricted Assets 2, 152,431 3, 155,540
Def erred Charges:
Bond Issuance Costs 169,455 169,455
Accumulated Amortization (16,492) (7,568)
Total Deferred Charges 152,963 161,887
Property and Equipment:
Utility Plant 25,971,595 20,603,879
Buildings 811,654 811,654
Machinery and Equipment 1,200,864 1,239,547
Accumulated Depreciation (6, 193, 199) (5,460,250)
Construction in Progress 1,075,005 2,342,854
Land 447, 178 426,323
. Total Property and Equipment 23,313,097 19,964,007
Total Assets $ 27,250,836 $ 24,899,914
(Continued)
-142 -
CITY OF COLLEGE STATION, TEXAS
SEWER FUND
COMPARATIVE BALANCE SHEETS
September 30., 1 994 and 1 993
(Continued)
1994 1993
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 72,039 $ 57,515
Accrued Liabilities 42,256 30,876
Customer Construction Advances 400 400
Total Current Liabilities 114,695 88, 791
Current Liabilities Payable from Restricted Assets:
Accounts Payable 252, 737 37,913
Accrued Interest Payable 150,277 178,383
Retainage Payable 24,942 66,028
Revenue Bonds 931,350 744,684
General Obligation Bonds . 117,620 117,705
Certificates of Obligation 6,550 6,550
Total Current Liabilities Payable from Restricted Assets 1,483,476 1,151,263
Noncurrent Liabilities:
Revenue Bonds 8,837,666 9, 769,016
Unamortized Premium on Bonds 5,338 5,623
General Obligation Bonds 337,290 454,910
Certificates of Obligation 26,200 32,750
Accrued Vacation 36,944 29,761
Total Noncurrent Liabilities 9,243,438 10,292,060
Total Liabilities 10,841,609 11,532,114
Fund Equity:
Contributed Capital 6,671,696 4,071,098
Retained Earnings:
Reserved for Debt Service 882,516 1,197,729
Reserved for Capital Projects 1,461,083 2, 799, 175.
Unappropriated 7,393,932 5,299,798
Total Fund Equity 16,409,227 13,367,800
Total Liabilities and Fund Equity $ 27,250,836 $ 24,899,914
-143 -
CITY OF COLLEGE STATION, TEXAS
SEWER FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
Operating Revenues:
Charges for Sales and Services:
Sewer Service
Other
Total Operating Revenues
Operating Expenses:
Salaries and Benefits
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Reimbursed Administrative
Depreciation
Other
Total Operating Expenses
Operating Income
Nonoperating Revenues (Expenses):
Interest Earnings
Reimbursed Expenses
Interest Expense
Other, Net
Total Nonoperating Revenues (Expenses)
Income Before Operating Transfers
Operating Transfers:
Operating Transfers In
Operating Transfers Out
Total Operating Transfers
Income Before Extraordinary Item
E�traordinary Item -Loss on Refunding
Net Income
Retained Earnings, October 1
Retained Earnings, September 30
$
$
-144 -
1994
5,027,766
188,639
5,216,405
1,031,551
160,550
. 203,038
77,908
521,595
177,704
703,982
666,930
0
3,543,258
1,673, 147
177,507
15,000
(751,173)
11,229
(547,437)
1,125,710
0
(550,000)
(550,000)
575,710
0
575,710
9,161,821
9,737,531
1993
$ 4,587,982
$
115,1 58
4,703, 140
990,426
130,887
138, 195
38,329
435,832
166, 740
749,429
555,466
2,584
3,207,888
1,495,252
205,965
0
(681,877)
4,029
{471,883)
1,023,369
·1,950
(566,200)
(564,250)
459, 119
(46, 149)
412,970
8,883,732
9,296,702
CITY OF COLLEGE STATION, TEXAS
SEWER FUND
SCHEDULE OF REVENUES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Sewer Service $ 5, 142,738 $ 4,999,320 $ (143,418)
Forfeits, Discounts, Penalties 40,000 46,795 6,795
Sewer Taps 50,000 141,526 91,526
Total Operating Revenues 5,232,738 5,187,641 (45,097)
Nonoperating Revenues (Expenses):
Interest Earnings 60,000 111,010 51,010
Reimbursed Expenses 0 15,000 15,000
Miscellaneous Nonoperating Revenues ·9,200 24,663 15,463
Total Nonoperating Revenues (Expenses) 69,200 150,673 81,473
Revenue Bond I & S Fund:
Operating Transfers In 1,800,692 1,800,694 2
Total Revenue Bond I & S Fund 1,800,692 1,800,694 2
Sewer Revenue Bond Funds:
Interest Earnings 144,800 66,497 (78,303)
Special Assessments 0 5,539 5,539
Contributions/Donations 0 30,502 30,502
Proceeds from Long-Term Debt Issuance 2,750,000 0 (2, 750,000)
Total Sewer Revenue Bond Fund 2,894,800 102,538 (2, 792,262)
Total Sewer Fund Revenues $ 91997,430 $ 7,2411546 $ {2, 755,884)
See reconciliation to GAAP basis on page 1 51 .
-145 -
CITY OF COLLEGE STATION, TEXAS
SEWER FUND
SCHEDULE OF EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Sewer Treatment/Collection:
Salaries and Benet its $ 1,164,512 $ 1,116,196 $ 48,316
Supplies 135,333 160,553 (25,220)
Maintenance 202,362 203,268 (906)
Purchased Professional Services 71,737 71,737 0
Purchased Property Services 433,780 521,594 (87,814)
Other Purchased Services 177,711 .177,707 4
Capital Outlay 30, 180 30, 161 19
Total Sewer Treatment/Collection 2,215,615 2,281,216 (65,601)
Nondepartmental:
Depreciation Expense 619,500 666,930 (47,430)
Principal Payments 121,501 124,255 (2,754)
Interest Expense 31,676 29, 136 2,540
Return on Investment 550,000 550,000 0
Reimbursed Debt Service 1,800,692 1,800,694 (2)
Reimbursed ·Administrative 618,327 618,327 0
Contingency 36,605 0 36,605
Total Nondepartmental 3, 778,301 3,789,342 (11,041)
Revenue Bond I & S Fund:
Principal Payments 744,684 744,684 0
Interest Expense 750, 137 750, 144 (7)
Fiscal Agent's Fees 700 2,618 (1,918)
Total Revenue Bond I & S Fund 1,495,521 1,497,446 (1,925)
Sewer Revenue Bond Fund:
Purchased Professional Services 10,000 6,371 3,629
Reimbursed Administrative 90,000 90,000 0
Bond Issuance Costs 0 2,757 (2,757)
Capital Outlay 5,559,958 1,248,574 4,311,384
Contingency 140,000 0 140,000
Total Sewer Revenue Bond Fund 5,799,958 1,347,702 4,452,256
Total Sewer Fund Expenses $ 13,289,395 $ 8,915J06 $ 4,373,689
See reconciliation to GAAP basis on page 1 51 .
-146 -
CITY OF COLLEGE STATION, TEXAS
SOLID WASTE COLLECTION FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 136,125 $ 59,886
Equity in Investments 443,869 221,268
Receivables:
Accrued Interest 45,313 37,189
Accounts 182,823 169,454
Less Allowance for Uncollectible Accounts (6,383) (5,573)
Inventories 18, 188 5,841
Total Current Assets 819,935 488,065
Note Receivable from Joint Venture 673,996 758,599
Equity in Joint Venture 949,673 295,597
Property and Equipment:
Machinery and Equipment 2,412, 759 2,373,681
Accumulated Depreciation (1,526,695) (1 ,233,242)
Total Property and Equipment, Net 886,064 1, 140,439
Total Assets $ 3,329,668 $ 2,682,700
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 15, 140 $ 16,428
lnterfund Payable 175, 173 163,922
Accrued Liabilities 28,294 20,515
Total Current Liabilities 218,607 200,865
Noncurrent Liabilities:
Advances from Other Funds 829, 184 1,004,357
Accrued Vacation 28,642 23,873
Total Noncurrent Liabilities 857,826 1,028,230
Total Liabilities 1,076,433 1,229,095
Fund Equity:
Contributed Capital 54,901 54,901
Retained Earnings:
Unappropriated 2, 198,334 1,398,704
Total Fund Equity 2,253,235 1 ,453,605
Total Liabilities and Fund Equity $ 3,329,668 $ 2,682,700
-147 -
CITY OF COLLEGE STATION, TEXAS
SOLID WASTE COLLECTION FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Garbage Collection Fees $ 3,002,046 $ 2,570,879
Other 48,736 47,401
Total Operating Revenues 3,050,782 2,618,280
Operating Expenses:
Salaries and Benefits 819,672 728,980
Supplies 125,164 77,508
Maintenance 118,914 91,040
Purchased Professional Services 98,369 66,376
Purchased Property Services 679,340 627,831
Other Purchased Services 232,096 192;624
Reimbursed Administrative 405,899 378,871
Depreciation 293,452 300,650
Other 12,612 0
Total Operating Expenses 2,785,518 2,463,880
Operating Income 265,264 154,400
Nonoperating Revenues (Expenses):
Interest Earnings 85,827 97,527
Reimbursed Expenses 1,249 193
Contributions 5,000 0
Earnings (Loss) in Joint Venture 654,076 (54,441)
Interest Expense (76, 106) (86,635)
Other, Net 5,770 2,722
Total Nonoperating Revenues (Expenses) 675,816 (40,634)
Income Before Operating Transfers 941,080 113,766
Operating Transfers Out (141,450) (138,000)
Net Income (Loss) 799,630 (24,234)
Retained Earnings, October 1 1,398, 704 1,422,938
Retained Earnings, September 30 $ 2, 198,334 $ 1,398,704
-148 -
CITY OF COLLEGE STATION, TEXAS
SOLID WASTE COLLECTION FUND
SCHEDULE OF REVENUES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Residential Collection $ 1,940,730 $ 1,889,678 $ (51,052)
Commercial Collection 1, 140,800 1,093,997 {46,803)
Other Charges for Services 0 1,062 1,062
Dumpster Sales 21,850 0 (21,850)
Forfeits, Discounts, Penalties 17,450 27,515 10,065
Recycling 4,850 21,119 16,269
Other 4,350 102 (4,248)
Total Operating Revenues 3, 130,030 3,033,473 (96,557)
Nonoperating Revenues:
Interest Earnings 39,000 85,827 46,827
Other Reimbursed Expenses 0 1,249 1,249
Contributions 0 5,000 5,000
Miscellaneous 4,500 8,060 3,560
Total Nonoperating Revenues 43,500 100,136 56,636
Total Solid Waste Collection Fund Revenues $ 3, 173,530 $ 3, 133,609 $ {39,921 l
See reconciliation to GAAP basis on page 1 51 .
-149 -
CITY OF COLLEGE STATION, TEXAS
SOLID WASTE COLLECTION FUND
SCHEDULE OF EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Commercial and Residential Collection:
Salaries and Benefits $ 819,690 $ 819,670 $ 20
Supplies 129,437 125,164 4,273
Maintenance 119,240 118,914 326
Purchased Professional Services 101 ,793 98,369 3,424
Purchased Property Services 685,920 679,339 6,581
Other Purchased Services 239,949 232,095 7,854
Capital Outlay 39,080 39,078 2
Total Commercial and Residential Collection 2, 135, 109 2, 112,629 22,480
Nondepartmental:
Depreciation Expense 250,000 293,452 (43,452)
Principal Payments 163,922 163,922 0
Interest Expense 76, 106 76, 106 0
Reimbursed Administrative 405,899 405,899 0
Public Agency Funding 16,000 16,000 0
Return on Investment 141,450 141,450 0
Contingency 25,000 0 25,000
Total Nondepartmental 1,078,377 1,096,829 (18,452)
Total Solid Waste Collection Fund Expenses $ 3,213,486 $ 3,209,458 $ 4 028
See reconciliation to GAAP basis on page 1 51 .
-150 -
CITY OF COLLEGE STATION, TEXAS
ENTERPRISE FUNDS
SCHEDULE FOR RECONCILIATION OF REVENUES AND EXPENSES (BUDGETARY BASIS)
TO GAAP BASIS STATEMENT OF INCOME
For the Fiscal Year Ended September 30, 1994
Solid Waste
Electric Water Sewer Collection
Total Revenues Per Budget -Actual $ 35,545,531 $ 7,895,688 $ 7,241,546 $ 3, 133,609
Less Total Expenses Per Budget -Actual 38, 175, 733 8,942, 180 8,915, 706 3,209,458
Net Loss, Budgetary Basis (2,630,202) (1,046,492) (1,674, 160) (75,849)
Add {Subtract) -Expenses (Revenues)
Related to Balance Sheet:
Debt Service Principal Payment 648,222 1,222,994 868,939 163,922
Capital Outlay 4,023,471 385,483 1,278, 735 39,078
Capital Lease Principal Payments 0 494,221 0 0
Rec lass Salaries and Benet its to
Construction. in Progress 278, 176 16,645 55,311 0
Add {Subtract) -Unbudgeted Revenue
(Expenses) Adjustments:
Current Year Revenue Accrual 1,051,537 216,478 199,636 103, 765
Prior Year Interest Expense Accrual 87,894 124, 100 162,448 0
Investment in Joint Venture 0 0 0 779,075
Amortization of Bond Issuance Costs (3,459) (1,873) (8,923) 0
Prior Year Revenue Accrual {1,042,087) (237,958) (171, 190) (86,457)
Current Year Interest Expense Accrual (75,315) (105,509) (134,342) 0
Bad Debt Expense (148,794) 15,406 318 (12,612)
Inventory Adjustment (53,690) (17,123) 579 13,710
Amortization of Bond Premiums 87 41 285 0
Loss on Asset Retirements (35,333) 0 0 0
Earnings in Joint Venture 0 0 0 (124,999)
Other 3,333 {34) (1,926) (3)
Net Income, GAAP Basis $ 2, 103,840 $ 1,066,379 $ 575J10 $ 799,630
-151 -
- 152 -
INTERNAL SERVICE FUNDS
Internal service funds are used to account for the financing of goods or services provided
by one department or agency to other departments or agencies of the government and to
other government units, on a cost reimbursement basis .
. Employee Benefits -to account for self-insurance activity related to administration of the
City's health benefits plan.
Equipment Replacement -to account for the purchase of City equipment such as vehicles
and communications equipment not budgeted in other funds.
Landfill -to account for activities related to operating the landfill owned by the Brazos
Valley Solid Waste Management Agency.
Property and Casualty -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 -to account for self-insurance activity on claims filed under unemployment
compensation laws.
Workers' Compensation -to account for self-insurance activity relating to administration
of the City's workers' compensation plan.
- 153 -
CITY OF COLLEGE STATION, TEXAS
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1993)
Employee Equipment
Benefits Replacement Landfill
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 94,029 $ 187,219 $ 0
Equity in Investments 123, 164 610,475 0
Receivables:
Accrued Interest 8,774 28,923 108
Accounts 45,442 0 0
Less Allowance for Uncollectible Accounts (936) 0 0
Prepaid Costs 0 0 0
Total Current Assets 270,473 826,617 108
Property and Equipment:
Machinery and Equipment 0 2,672,736 36,530
Less Accumulated Depreciation 0 (533,228) (20,824)
Construction in Progress 0 8,812 0
Total Property and Equipment 0 2, 148,320 15, 706
Total Assets $ 270,473 $ 2,974,937 $ 15,814
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 18,298 $ 72 $ 95,391
Due to Other Funds 0 0 19,834
Retainage Payable 0 0 0
Claims Payable 321,740 0 0
Accrued Liabilities 66 0 0
Total Current Liabilities 340, 104 72 115,225
Noncurrent Liabilities:
Accrued Vacation 0 0 16,280
Total Noncurrent Liabilities 0 0 16,280
Total Liabilities 340, 104 72 131,505
Fund Equity:
Unreserved Retained Earnings (Deficit) (69,631) 2,974,865 (115,691)
Total Fund Equity (69,631) 2,974,865 (115,691)
Total Liabilities and Fund Equity $ 270,473 $ 2,974,937 $ 15,814
- 154 -
$
Property and
Casualty
$ 26,816
87,440
4,333
134
(134)
0
118,589
0
0
0
0
$ 118,589
$ 29,829
0
0
26,200
0
56,029
0
0
56,029
62,560
62,560
118,589
Unemployment
$ 38,093
124,214
5,850
0
0
0
168,157
0
0
0
0
$ 168,157
$ 7,049
0
0
0
0
7,049
0
0
7,049
161, 108
161,108
$ 168,157 $
Workers'
Compensation
$ 160,547
523,507
24,265
0
0
10,000
718,319
0
0
0
0
$ 718,319
$ 37,564
0
0
73,027
0
110,591
0
0
110,591
607,728
607,728
718,319
-155 -
Totals
1994 1993
$ 506,704 $ 513,131
1,468,800 1,895,934
72,253 82,058
45,576 162,674
(1,070) (2,425)
10,000 3,800
2, 102,263 2,655, 172
2,709,266 1,377,116
(554,052) (230,475)
8,812 0
2, 164,026 1,146,641
$ 4,266,289 $ 3,801,813
$ 188,203 $ 558,899
19,834 0
0 17,045
420,967 473,910
66 14,629
629,070 1,064,483
16,280 11,914
16,280 11,914
645,350 1,076,397
3,620,939 2, 725,416
3,620,939 2, 725,416
$ 4,266,289 $ 3,801,813
CITY OF COLLEGE STATION, TEXAS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS (DEFICIT)
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1 993)
Operating Revenues:
Charges for Services
Premiums
Other
Total Operating Revenues
Operating Expenses:
Salaries and Benet its
Supplies
Maintenance
Purchased Professional Services
Purchased Property Services
Other Purchased Services
Claims
Administration Fees
Premiums
Reimbursed Administrative
Depreciation
Other
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues {Expenses):
Interest on Investments
Reimbursed Expenses
Interest Expense
Other, Net
Total Nonoperating Revenues (Expenses)
$
Employee
Benefits
0
1,921,185
2,945
1,924, 130
0
0
0
0
0
0
1,558,696
101,599
271,618
7, 132
0
19,723
1,958, 768
(34,638)
19,089
0
0
2,366
21,455
Net Income {loss) Before Operating Transfers ___ (_1_3 __ , 1_8_3_)_
Operating Transfers:
Operating Transfers In
Operating Transfers Out
Total Operating Transfers
Net Income (Loss)
Retained Earnings {Deficit), October 1
Retained Earnings (Deficit), September 30 $
0
0
0
(13,183)
(56,448)
(69,631)
-156 -
$
$
Equipment
Replacement
1, 145,642
0
0
1, 145,642
0
0
0
0
0
0
0
0
0
0
316,642
0
316,642
829,000
53,943
0
0
0
53,943
882,943
0
0
0
882,943
2,091,922
2,974,865
Landfill
$ 1,165,036
$
0
0
1, 165,036
515,679
92,370
135,916
340,839
64,236
36,484
0
0
0
167,750
6,935
0
1,360,209
(195, 173)
0
0
(4,452)
0
(4,452)
(199,625)
0
0
0
(199,625)
83,934
(115,691)
Totals
Property and Workers'
Casualty Unemployment Compensation 1994 1993
$ 0 $ 0 $ 0 $ 2,310,678 $ 2,354,380
424,635 42, 106 455,071 2,842,997 2,483,634
2,986 0 7,371 13,302 0
427,621 42, 106 462,442 5, 166,977 4,838,014
0 0 0 515,679 '382,768
0 0 0 92,370 105,658
0 0 0 135,916 137,023
0 0 0 340,839 585,256
0 0 0 64 .. 236 20,075
0 0 0 36,484 15, 763
57,010 28,650 234,490 1,878,846 1,530,319
0 0 23, 194 124,793 108,393
262,018 0 33, 154 566,790 592,949
56,296 322 56,766 288,266 348,348
0 0 0 323,577 165,886
0 6,204 0 25,927 23,849
375,324 35, 176 347,604 4,393,723 4,016,287
52,297 6,930 114,838 773,254 821,727
6,950 8,953 36,738 125,673 199,777
2,585 0 0 2,585 0
0 0 0 {4,452) 0
(3,850) 0 {53) {1,537) (276)
5,685 8,953 36,685 122,269 199,501
57,982 15,883 151,523 895,523 1,021,228
0 0 0 0 55,480
0 0 0 0 {55,480)
0 0 0 0 0
57,982 15,883 151,523 895 .. 523 1,021,228
4,578 145,225 456,205 2,725,416 1, 704, 188
$ 62,560 $ 161 108 $ 607J28 $ 3,620,939 $ 2,725,416
-157 -
CITY OF COLLEGE STATION, TEXAS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
For the Fiscal Year Ended September 30, 1994
(With comparative totals for the fiscal year ended September 30, 1 993)
Employee Equipment
Benefits Replacement Landfill
Cash Flows from Operating Activities:
Cash Received for Miscellaneous Revenues $ 2,366 $ 0 $ 0
Cash Received for Reimbursed Expenses 0 0 0
Cash Received from Customers 2,038,521 1, 145,642 1, 165,036
Cash Payments to Suppliers for Goods
and Services (1,898,000) (162,413) (1, 127,893)
Cash Payments to Employees for Services 0 0 (522, 178)
Cash Received from Other Funds 0 0 19,834
Cash Paid for Miscellaneous Expenses 0 0 0
Net Cash Provided (Used) by Operating Activities 142,887 983,229 (465,201)
Cash Flows from Noncapital Financing Activities:
Operating Transfers In from Other Funds 0 0 0
Operating Transfers Out to Other Funds 0 0 (4,452)
Net Cash Used by Noncapital Financing Activities 0 0 (4,452)
Cash Flows from Capital and Related Financing Activities:
Acquisition of Capital Assets 0 (1,340,962) 0
Net Cash Used by Capital and Related Financing Activities 0 (1,340,962) 0
Cash Flows from Investing Activities:
Purchase of Investments (75,271) (355,356) 0
Proceeds from Sale and Maturities of
Investment Securities 0 603,744 360,323
Interest on Investments 13,451 . 64, 115 11,809
Other 0 0 0
Net Cash Provided (Used) by Investing Activities (61,820) 312,503 372, 132
Net Increase (Decrease) in Cash and Cash Equivalents 81,067 (45,230) (97,521)
Cash and Cash Equivalents, October 1 12,962 232,449 97,521
Cash and Cash Equivalents, September 30 $ 94,029 $ 187,219 $ 0
Reconciliation of Operating Income (Loss) to Net Cash
Provided (Used) by Operating Activities:
Operating Income (Loss) $ (34,638) $ 829,000 $ (195, 173)
Adjustments to Reconcile Operating Income (loss) to Net
Cash Provided (Used) by Operating Activities:
Depreciation 0 316,642 6,935
Provision for Uncollectible Accounts 936 0 0
Miscellaneous Expenses 0 0 0
Miscellaneous Revenues 2,366 0 0
Change in Assets and Liabilities:
Change in Accounts Receivable 114,3�1 0 0
Change in Inventory 0 0 0
Change in Prepaid Costs 3,800 0 0
Change in Accounts Payable 10,971 (162,413) (273,253)
Change in Due to Other Funds 0 0 19,834
Change in Claims Payable 48,759 0 0
Change in Retainage Payable 0 0 (17,045)
Change in Accrued Liabilities (3,698) 0 (10,865)
Change in Accrued Vacation 0 0 4,366
Total Adjustments 177,525 154,229 (270,028)
Net Cash Provided (Used) by. Operating Activities $ 142,887 $ 983,229 $ (465,201)
- 158 -
Property and
Casualty
$ 0 $
2,585
430,328
(373,229)
0
0
(3,850)
55,834
0
0
0
0
0
(50,899)
6,226
4,080
0
(40,593)
15,241
11,575
$ 26,816 $
$ 52,297 $
0
(2,291)
(3,850)
2,585
2,707
0
0
25,071
0
(20,685)
0
0
0
3,537
$ 55,834 $
Unemployment
0
0
42, 106
(28, 127)
0
0
0
13,979
0
0
0
0
0
(213,388)
199,517
8, 121
0
(5,750)
8,229
29,864
38,093
6,930
0
0
0
0
0
0
0
7,049
0
0
0
0
0
7,049
13,979
$
$
$
$
Workers'
Compensation
0
0
462,442
(416,742)
0
0
0
45,700
0
0
0
0
0
(899,340)
851,525
33,902
0
(13,913)
31, 787
128,760
160,547
114,838
0
0
0
0
0
0
(10,000)
21,879
0
(81,017)
0
0
0
{69, 138)
45,700
- 159 -
Totals
1994 1993
$ 2,366 $ 0
2,585 0
5,284,075 4,698, 142
(4,006,404) (3,013, 132)
(522, 178) (377,967)
19,834 0
(3,850) 0
776,428 1,307,043
0 55,480
(4,452) (55,480)
(4,452) 0
(1,340,962) (626,743)
(1,340,962) (626,743)
(1,594,254) (1,171,511)
2,021,335 720,394
135,478 153, 795
0 (276)
562,559 (297,598)
(6,427) 382,702
513,131 130,429
$ 506,704 $ 513,131
$ 773,254 $ 821,727
323,577 165,886
(1,355) 2,250
(3,850) 0
4,951 0
117,098 (139,872)
0 532
(6,200) 0
(370,696) 438,926
19,834 0
(52,943) 0
(17,045) 17,045
(14,563) (1,548)
4,366 2,097
3, 174 485,316
$ 776,428 $ 1,307,043
CITY OF COLLEGE STATION, TEXAS
EMPLOYEE BENEFITS FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 94,029 $ 12,962
Equity in Investments 123,164 47,893
Receivables:
Accrued Interest 8,774 3, 136
Accounts 45,442 159,833
Less Allowance for Uncollectible Accounts (936) 0
Prepaid Costs 0 3,800
Total Current Assets $ 270,473 $ 227,624
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 18,298 $ 7,327
Claims Payable 321,740 272,981
Accrued Liabilities 66 3,764
Total Current Liabilities 340, 104 /84,07?
Fund Equity:
Deficit {69,631) (56,448)
Total Fund Equity (69,631) (56,448)
Total Liabilities and Fund Equity $ 270,473 $ 227,624
-160 -
CITY OF COLLEGE STATION, TEXAS
EMPLOYEE BENEFITS FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN DEFICITS
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Premiums $ 1,921, 185 $ 1,594,473
Other 2,945 0
Total Operating Revenues 1,924, 130 1,594,473
Operating Expenses:
Claims 1,558,696 1,148,010
Administration Fees 101,599 92,529
Premiums 271,618 304, 716
Reimbursed Administrative 7, 132 35,639
Other 19,723 1 5,412
Total Operating Expenses 1,958, 768 1,596,306
Operating Loss (34,638) (1,833)
Nonoperating Revenues (Expenses):
Interest on Investments 19,089 34, 100
Other, Net 2,366 (276)
Total Nonoperating Revenues {Expenses) 21,455 33,824
Net Income (Loss) (13,183) 31,991
Deficit, October 1 (56,448) (88,439)
Deficit, September 30 $ {69,631 ! $ {56,448!
-161 -
CITY OF COLLEGE STATION, TEXAS
EMPLOYEE BENEFITS FUND
SCHEDULE OF REVENUES AND EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable Budget Actual (Unfavorable)
Operating Revenues:
Premiums $ 1,850,077 $ 1,965,451 $ 115,374
Other 0 2,945 2,945
Total Operating Revenues 1,850,077 ·1,968,396 118,319
Operating Expenses:
Claims 1,320, 120 1,440,295 {120, 175)
Administration Fees 93,700 101,599 (7,899)
Premiums 308,200 271,618 36,582
Reimbursed Administrative 7, 132 7, 132 0
Other 15,250 17, 132 {1 ,882)
Total Operating Expenses 1, 744,402 1,837,776 (93,374)
Net Operating Income 105,675 130,620 24,945
Nonoperating Revenues {Expenses):
Bank Charges 0 {1, 147) {1, 147)
Interest Earnings {6,744) 19,089 25,833
Other, Net 0 3,513 3,513
Total Nonoperating Revenues {Expenses) (6,744) 21,455 28, 199
Net Income $ 98,931 $ 152,075 $ 53 144
See reconciliation to GAAP basis on page 178.
-162 -
CITY OF COLLEGE STATION, TEXAS
EQUIPMENT REPLACEMENT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1 993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 187,219 $ 232,449
Equity in Investments 610,475 858,863
Receivables:
Accrued Interest 28,923 39,095
Total Current Assets 826,617 1, 130,407
Property and Equipment:
Machinery and Equipment 2,672,736 1,340,586
Less Accumulated Depreciation (533,228) (216,586)
Construction in Progress . 8,812 0
Total Property and Equipment 2, 148,320 1, 124,000
Total Assets $ 2,974,937 $ 2,254,407
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 72 $ 162,485
Total Current Liabilities 72 162,485
Total Liabilities 72 162,485
Fund Equity:
Unreserved Retained Earnings 2,974,865 2,091,922
Total Fund Equity 2,974,865 2,091,922
Total Liabilities and Fund Equity $ 2,974,937 $ 2,254,407
-163 -
CITY OF COLLEGE STATION, TEXAS
EQUIPMENT REPLACEMENT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Charges for Services $ 1, 145,642 $ 877,440
Total Operating Revenues 1, 145,642 877,440
Operating Expenses:
Depreciation 316,642 158,997
Total Operating Expenses 316,642. 158,997
Operating Income 829,000 718,443
Nonoperating Revenues:
Interest on Investments 53,943 87,734
Total Nonoperating Revenues 53,943 87,734
Net Income 882,943 806, 177
Retained Earnings, October 1 2,091,922 1,285,745
Retained Earnings, September 30 $ 2,974,865 $ 2,091,922
-164 -
CITY OF COLLEGE STATION, TEXAS
EQUIPMENT REPLACEMENT FUND
SCHEDULE OF REVENUES AND EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable Budget Actual (Unfavorable)
Operating Revenues:
Charges tor Goods and Services $ 1,086,579 $ 1, 145,642 $ 59,063
Total Operating Revenues 1,086,579 1, 145,642 59,063
Operating Expenses:
Depreciation Expense 0 316,642 (316,642)
Capital Outlay 1,431,558 1,340,962 90,596
Contingency 25,000 0 25,000
Total Operating Expenses 1,456,558 1,657,604 (201,046)
Net Operating Loss (369,979) (511,962) (141,983)
Nonoperating Revenues (Expenses):
Interest Earnings 37,000 53,943 16,943
Reimbursed Debt Service (87,651) 0 87,651
Total Nonoperating Revenues (Expenses) {50,651) 53,943 104,594
Net Loss $ (420,630) $ (458;019) $ (37,389)
See reconciliation to GAAP basis on page 178.
- 165 -
CITY OF COLLEGE STATION, TEXAS
LANDFILL FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 0 $ 97,521
Equity in Investments 0 360,323
Receivables:
Accrued Interest 108 11,917
Total Current Assets 108 469,761
Property and Equipment:
Machinery and Equipment 36,530 36,530
Less Accumulated Depreciation (20,824) (13,889)
Total Property and Equipment 15, 706 22,641
Total Assets $ 1 5,814 $ 492,402
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 95,391 $ 368,644
Due to Other Funds 19,834 0
Retainage Payable 0 17,045
Accrued Liabilities 0 10,865
Total Current Liabilities 115,225 396,554
Noncurrent Liabilities:
Accrued Vacation 16,280 11 ,914
Total Noncurrent Liabilities 16,280 11,914
Total LiabiJities 131,505 408,468
Fund Equity:
Unreserved Retained Earnings (Deficit) (115,691) 83,934
Total Fund Equity (115,691) 83,934
Total Liabilities and Fund Equity $ 15,814 $ 492,402
-166 -
CITY OF COLLEGE STATION, TEXAS
LANDFILL FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Charges for Services $ 1, 165,036 $ 1,476,940
Total Operating Revenues 1, 165,036 1,476,940
Operating Expenses:
Salaries and Benefits 515,679 382,768
Supplies 92,370 105,658
Maintenance 135,916 137,023
Purchased Professional Services 340,839 585�256
Purchased Property Services 64,236 20,075
Other Purchased Services 36,484 15, 763
Reimbursed Administrative 167,750 204,770
Depreciation 6,935 6,889
Other 0 534
Total Operating Expenses 1,360,209 1,458, 736
Operating Income (loss) (195, 173) 18,204
Nonoperating Revenues (Expenses):
Interest on Investments 0 28,296
Interest Expense (4,452) 0
Total Nonoperating Revenues (Expenses) (4,452) 28,296
Net Income (Loss) (199,625.) 46,500
Retained Earnings, October 1 83,934 37,434
Retained Earnings {Deficit), September 30 $ (115!691} $ 83 934
-167 -
CITY OF COLLEGE STATION, TEXAS
LANDFILL FUND
SCHEDULE OF REVENUES AND EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Charges for Services $ 1,945,304 $ 1, 165,036 $ (780,268)
Total Operating Revenues 1,945,304 1, 165,036 (780,268)
Operating Expenses:
Salaries and Benefits 515,754 488,256 27,498
Supplies 109,600 92,368 17,232
Maintenance 155,200 135,916 19,284
Purchased Professional Services 954,752 340,839 613,913
Purchased Property Services 64,292 64,236 56
Other Purchased Services 36,550 36,485 65
Reimbursed Administrative 167,750 167, 750 0
Depreciation 6,500 6,935 (435)
Contingency 25,000 0 25,000
Total Operating Expenses 2,035,398 1,332, 785 702,613
Net Operating Loss (90,094) (167,749) (77,655)
Nonoperating Revenues (Expenses):
Interest Earnings 10,000 0 (10,000)
Interest Expense 0 (4,452) (4,452)
Total Nonoperating Revenues (Expenses) 10,000 (4,452) (14,452)
Net Loss $ (80,094) $ (172,201) $ (92, 107)
See reconciliation to GAAP basis on page 178.
-168 -
CITY OF COLLEGE STATION, TEXAS
PROPERTY AND CASUAL TY FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 26,816 $ 11,5 75
Equity in Investments 87,440 42,767
Receivables:
Accrued Interest 4,333 1,463
Accounts 134 2,841
Less Allowance for Uncollectible Accounts (134) (2,425)
Total Current Assets $ 118,589 $ 56,221
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 29,829 $ 4,758
Claims Payable 26,200 46,885
Total Current Liabilities 56,029 51,643
Fund Equity:
Unreserved Retained Earnings 62,560 4,578
Total Fund Equity 62,560 4,578
Total Liabilities and Fund Equity $ 118,589 $ 56,221
-169 -
CITY OF COLLEGE STATION, TEXAS
PROPERTY AND CASUAL TY FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
Operating Revenues:
Premiums
Other
Total Operating Revenues
Operating Expenses:
Claims
Premiums
Reimbursed Administrative
Other
Total Operating Expenses
Operating Income
Nonoperating Revenues (Expenses):
Interest on Investments
Reimbursed Expenses
Other, Net
Total Nonoperating Revenues (Expenses)
Net Income Before Operating Transfers In
Operating Transfers In
Net Income
Retained Earnings (Deficit), October 1
Retained Earnings, September 30
$
$
-170-
1994
424,635
2,986
427,621
57,010
262,018
56,296
0
375,324
52,297
6,950
2,585
(3,850)
5,685
57,982
0
57,982
4,578
62,560
$
$
1993
388,740
0
388,740
58,744
257,491
47,031
7,903
371,169
17,571
1,463
0
0
1,463
19,034
55,480
74,514
(69,936)
4 578
CITY OF COLLEGE STATION, TEXAS
PROPERTY AND CASUAL TY FUND
SCHEDULE OF REVENUES AND EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Premiums $ 424,774 $ 424,635 $ (139)
Other 0 870 870
Total Operating Revenues 424,774 425,505 731
Operating Expenses:
Claims 71,500 57,010. 14,490
Premiums 270,000 262,018 7,982
Reimbursed Administrative 56,296 56,296 0
Total Operating Expenses 397,796 375,324 22,472
Net Operating Income 26,978 50, 181 23,203
Nonoperating Revenues {Expenses):
Interest Earnings 500 6,950 6,450
Reimbursed Expenses 0 2,585 2,585
Other, Net (3,500) (3,850) (350)
Total Nonoperating Revenues {Expenses) (3,000) 5,685 8,685
Net Income $ 23,978 $ 55,866 $ 31,888
See reconciliation to GAAP basis on page 1 78.
-1 71 -
CITY OF COLLEGE STATION, TEXAS
UNEMPLOYMENT FUND
COMPARATIVE BALANCE SHEETS
September 30, 1 994 and 1993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 38,093 $ 29,864
Equity in Investments 124,214 110,343
Receivables:
Accrued Interest 5,850 5,018
Total Current Assets $ 168,157 $ 145,225
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 7,049 $ 0
Total Current Liabilities 7,049 0
Fund Equity:
Unreserved Retained Earnings 161, 108 145,225
Total Fund Equity 161I108 145,225
Total Liabilities and Fund Equity $ 168,157 $ 145,225
-172 -
CITY OF COLLEGE STATION, TEXAS
UNEMPLOYMENT FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS (DEFICITS)
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Premiums $ 42, 106 $ 52,425
Total Operating Revenues 42, 106 52,425
Operating Expenses:
Claims 28,650 24,583
Reimbursed Administrative 322. 7,856
Other 6,204 0
Total Operating Expenses 35, 176 32,439
Operating Income 6,930 19,986
Nonoperating Revenues:
Interest on Investments 8,953 9,313
Total Nonoperating Revenues 8,953 9,313
Net Income 15,883 29,299
Retained Earnings, October 1 145,225 11 5,926
Retained Earnings, September 30 $ 161, 108 $ 145,225
-173 -
CITY OF COLLEGE STATION, TEXAS
UNEMPLOYMENT FUND
SCHEDULE OF REVENUES AND EXPENSES
BUDGETAND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1 994
Variance
Favorable
Budget Actual (Unfavorable)
Operating Revenues:
Premiums $ 34,900 $ 42,581 $ 7,681
Total Operating Revenues 34,900 42,581 7,681
Operating Expenses:
Claims 24,000 21,601 2,399
Reimbursed Administrative 322 .322 0
Total Operating Expenses 24,322 21 ,923 2,399
Net Operating Income 10,578 20,658 10,080
Nonoperating Revenues {Expenses):
Interest Earnings 6,900 8,953 2,053
Other, Net 0 {6,204) {6,204)
Total Nonoperating Revenues {Expenses) 6,900 2,749 (4, 151)
Net Income $ 17 478 $ 23 407 $ 5 929
See reconciliation to GAAP basis on page 178.
-174 -
CITY OF COLLEGE STATION, TEXAS
WORKERS' COMPENSATION FUND
COMPARATIVE BALANCE SHEETS
September 30, 1994 and 1993
1994 1993
Assets
Current Assets:
Equity in Cash and Cash Equivalents $ 160,547 $ 128, 760
Equity in Investments 523,507 475,745
Receivables:
Accrued Interest 24,265 21,429
Prepaid Costs 10,000 0
Total Current Assets $ 718,319 $ 625,934
Liabilities and Fund Equity
Current Liabilities:
Accounts Payable $ 37,564 $ 15,685
Claims Payable 73,027 154,044
Total Current Li abilities 110,591 169, 729
Fund Equity:
Unreserved Retained Earnings 607, 728 456,205
Total Fu.nd Equity 607,728 456,205
Total Liabilities and Fund Equity $ 718,319 $ 625,934
-175 -
CITY OF COLLEGE STATION, TEXAS
WORKERS' COMPENSATION FUND
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the Fiscal Years Ended September 30, 1994 and 1993
1994 1993
Operating Revenues:
Premiums $ 455,071 $ 447,996
Other 7,371 0
Total Operating Revenues 462,442 447,996
Operating Expenses:
Claims 234,490 298,982
Administration Fees 23, 194 15,864
Premiums 33, 154 30,742
Reimbursed Administrative 56, 766 53,052
Total Operating Expenses 347,604 398,640
Operating Income 114,838 49,356
Nonoperating Revenues (Expenses):
Interest on Investments 36,738 38,871
Other, Net (53) 0
Total Nonoperating Revenues (Expenses) 36,685 38,871
Net Income Before Operating Transfers Out 151,523 88,227
Operating Transfers Out 0 (55,480)
Net Income 151,523 32,747
Retained Earnings, October 1 456,205 423,458
Retained Earnings, September 30 $ 607,728 $ 456,205
-176 -
CITY OF COLLEGE STATION, TEXAS
WORKERS' COMPENSATION FUND
SCHEDULE OF REVENUES AND EXPENSES
BUDGET AND ACTUAL (BUDGETARY BASIS)
For the Fiscal Year Ended September 30, 1994
Variance
Favorable Budget Actual (Unfavorable)
Operating Revenues:
Premiums $ 462,095 $ 461,255 $ (840)
Other 0 7,371 7,371
Total Operating Revenues 462,095 468,626 6,531
Operating Expenses:
Administration Fees 27,700 23, 194 4,506
Claims 284,000 234,490 49,510
Premiums 28,400 33, 154 (4,754)
Reimbursed Administrative 56,766 56,766 0
Total Operating Expenses 396,866 347,604 49,262
Net Operating Income 65,229 121,022 55,793
Nonoperating Revenues {Expenses):
Interest Earnings 14,981 36,738 21, 757
Other, Net 0 (53) (53)
Total Nonoperating Revenues {Expenses) 14,981 36,685 21, 704
Net Income $ 80,210 $ 157 707 $ 77 497
See reconciliation to GAAP basis on page 178.
-177 -
CITY OF COLLEGE STATION, TEXAS
INTERNAL SERVICE FUNDS
SCHEDULE FOR RECONCILIATION OF REVENUES AND EXPENSES (BUDGETARY BASIS)
TO GAAP BASIS STATEMENT OF INCOME
For the Fiscal Year Ended September 30, 1994
Employee Equipment
Benefits Replacement Landfill
Total Revenues Per Budget -Actual $ 1,990,998 $ 1, 199,585 $ 1, 165,036
Less Total Expenses Per Budget -Actual 1,838,923 1,657,604 1,337,237
Net Gain (Loss), Budgetary Basis 152,075 (458,019) (172,201)
Add -Expenses Related to Balance Sheet:
Capital Outlay 0 1,340,962 0
Add (Deduct) -Unbi.Jdgeted Revenue (Expense)
Adjustments:
Accrued FY94 Expense (118,401) 0 (27,424)
Payroll Correction (44,265) 0 0
Bad Debt Expense (2,592) 0 0
Net Income (Loss), GAAP Basis $ (13,183) $ 882,943 $ (199,625)
-178 -
$
$
Property and
Casualty
435,040
379, 174
55,866
0
0
0
2, 116
57,982
$
$
Unemployment
51,534
28, 127
23,407
0
(7,049)
(475)
0
15,883
$
$
Workers'
Compensation
505,364
347,657
157,707
0
0
(6, 184)
0
151,523
- 179 -
- 180-
GENERAL FIXED ASSETS ACCOUNT GROUP
To account for ·fixed assets not used in proprietary fund operations.
-181 -
-182 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FIXED ASSETS ACCOUNT GROUP
COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
September 30, 1994 and 1 993
1994 1993
General Fixed Assets:
Buildings $ 13,263,808 $ 13,218,308
Improvements 16,477, 108 14,547,211
Machinery and Equipment 10,714,332 10,358,898
Parks System 8,900,987 8,702, 166
Construction in Progress 1,598,974 1 ,406,569
Land 7,449,504 7,437,029
Total General Fixed Assets $ 58,404, 713 $ 55,670, 181
Investment in General Fixed Assets from:
Capital Projects Funds $ 40,355,272 $ 38,789,922
General Fund Revenues 7,245,565 6,465,658
Special Revenue Funds 3,800,991 3,411f716
Contributions/Donations 36,650 36,650
Acquisitions Prior to July 1, 1979--Source
Undetermined 6,966,235 6,966,235
Total Investment in General Fixed Assets $ 58,404, 713 $ 55,670, 181
- 183 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE -BY FUNCTION AND ACTIVITY
September 30, 1 994
Buildings and
Building
Total Land Improvements
General Fund:
General Government $ 534,447 $ 0 $ 59,444
Fiscal and Human Resources 391,967 0 10,654
Police 521,853 0 1,972
Fire 914,327 0 3,868
Development Services 390,925 0 11,141
Public Services 1,092, 173 1,500 28, 168
Parks 1,149,717 0 225,982
Management Services 236,565 0 9,223
College Station Business Park Fund 1,900 1,900 0
Other 1,429,621 1,429,621 0
Total General Fund 6,663,495 1,433,021 350,452
Special Revenue Funds:
Parks Escrow 175,556 34,906 0
Federal Grants 2,260,971 25,557 313,859
Other 1,099,220 150,009 896,029
Total Special Revenue Funds 3,535, 747 210,472 1,209,888
Capital Projects Funds:
Certificates of Obligation Funds 1,732,352 637,168 400,000
Capital Equipment 3, 197,395 0 0
Southwest Parkway 642,231 0 0
1 9 71 Bond Funds 172,838 0 0
1976 Bond Funds 126,377 0 1,495
1978 Bond Funds 533,706 0 25, 141
1978 II Bond Funds 2,803,997 485,325 579,005
1981 Bond Funds 1,904,043 224,979 1,114,176
1 982 Bond Funds 3,902,862 376,857 1,237,290
1982 II Bond Funds 9,897,983 1, 734,849 927,666
1 984 Bond Funds 10,234,375 799, 116 4,510,058
1989 Bond Funds 2, 178,615 91,112 956,780
1 991 Bond Funds 2,276,838 0 0
Total Capital Projects Funds 39,603,612 4,349,406 9,751,611
Contributions/Donations 36,650 0 0
Acquisitions Prior to July 1, 1979 -Source
Undetermined 6,966,235 1,456,605 1,951,857
Total General Fixed Assets Allocated to
Functions 56,805,739 7,449,504 13,263,808
Construction in ·Progress 1,598,974 0 977,921
Total General Fixed Assets $ 58A04,713 $ 7A49,504 $ 14,241,729
-184 -
Machinery,
Tools and Parks
Equipment System Improvements
$ 475,003 $ 0 $ 0
381,313 0 0
519,881 0 0
910,459 0 0
379,420 0 364
1,062,505 0 0
623,556 300, 179 0
227,342 0 o·
0 0 0
0 0 0
4,579,479 ·300, 179 364
1,300 139,350 0
12,418 154,930 1,754,207
32,909 0 20,273
46,627 294,280 1,774,480
695, 184 0 0
3,098,854 89,836 8,705
0 0 642,231
0 0 172,838
0 13,249 111,633
0 162,399 346, 166
13,967 1,070,353 655,347
930 22,568 541,390
284,443 423,381 1,580,891
694,380 4,633,604 1,907,484
703,752 589,712 3,631,737
14,560 5,575 1, 110,588
0 483,642 1,793,196
5,506,070 7,494,319 12,502,206
0 0 36,650
582, 156 812,209 2, 163,408
10,714,332 8,900,987 16,477, 108
51 257,518 363,484
$ 10,714,383 $ 9, 158,505 $ 16,840,592
-185 -
CITY OF COLLEGE STATION, TEXAS
GENERAL FIXED ASSETS ACCOUNT GROUP
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
For the Fiscal Year Ended September 30, 1994
General Fixed General Fixed
Assets Transfers/ Assets
9/30/93 Additions Retirements Other 9/30/94
Function and Activity
General Fund:
General Government $ 507,204 $ 27,243 $ 0 $ 0 $ 534,447
Fiscal and Human Resources 392,922 14,945 (15,900) 0 391,967
Police 498,610 127,595 (104,352) 0 521,853
Fire 927,498 4,529 (17,700) 0 914,327
Development Services 345,912 64,663 (19,650) 0 390,925
Public Services 1, 150,292 22, 138 . (80,257) 0 1,092, 173
Parks 1,095, 193 98,765 (44,241) 0 1,149,717
Management Services 116,505 178,590 (58,530) 0 236,565
College Station Business Park Fund 1,900 0 0 0 1,900
Other 1,429,621 0 0 0 1,429,621
Total General Fund 6,465,657 538,468 (340,630) 0 6,663,495
Special Revenue Funds:
Parks Escrow 175,556 0 0 0 175,556
Federal Grants 2,081,222 152,940 (14,191) 41,000 2,260,971
Other 1,099,220 0 0 0 1,099,220
Total Special Revenue Funds 3,355,998 152,940 (14,191) 41,000 3,535,747
Capital Projects Funds:
Certificates of Obligation 1, 732,352 0 0 0 1, 732,352
Capital Equipment 2,908,726 288,669 0 0 3, 197,395
Southwest Parkway 642,231 0 0 0 642,231
1971 Bond Funds 172,838 0 0 0 172,838
1 976 Bond Funds 126,377 0 0 0 126,377
1978 Bond Funds 533,706 0 0 0 533, 706
1978 II Bond Funds 2,803,997 0 0 0 2,803,997
1981 Bond Funds 1,904,043 0 0 0 1,904,043
1 982 Bond Funds 3,902,862 0 0 0 3,902,862
1982 II Bond Funds 9,897,572 411 0 0 9,897,983
1 984 Bond Funds 10,042,055 192,320 0 0 10,234,375
1 989 Bond Funds 2, 178,615 0 0 0 2, 178,615
1991 Bond Funds 593,698 1,683, 140 0 0 2,276,838
Total Capital Projects Funds 37,439,072 2, 164,540 0 0 39,603,612
Contributions/Donations, 36,650 0 0 0 36,650
Acquisitions Prior to July 1, 1979 -Source
Undetermined 6,966,235 0 0 0 6,966,235
Construction in Progress 1,406,569 2,509,883 (2,317,478) 0 1,598,974
Total General Fixed Assets $ 55,670, 181 $ 5,365,831 $ (2,672,299) $ 41 000 $ 58,404,713
-186 -
STATISTICAL SECTION
-187 -
CITY OF COLLEGE STATION, TEXAS
GENERAL GOVERNMENT AL REVENUES AND OTHER FINANCING SOURCES ( 1)
LAST TEN FISCAL YEARS
Fiscal General Franchise & Sales & Mixed Licenses & Fines &
Year Property Tax Franchise Tax Drink Tax Permits Penalties
1985 $ 8,408 $ 267,991 $ 3, 104, 118 $ 220,378 $ 442,921
1986 208,481 315,272 3,066, 168 114,971 459,872
1987 222,826 299,973 3,016,640 102,739 442,408
1988 (3) 967,253 340,310 4,257,621 139,412 478,114
1989 1,566,885 345,416 3,825,314 97,449 490, 184
1990 1, 774,601 335,940 4,097,742 94,691 536, 155
1991 1,482,577 328,524 6,523,709 116,574 518,357
1992 1,376,970 358,949 7,209,497 .216,886 684,098
1993 1,627,228 407, 168 7,995,877 445,585 893,649
1994 2,086,274 358,392 8,776,093 557,440 915,126
( 1) Revenues presented include the General and Debt Service Funds.
(2) Revenue sharing transfers made fiscal 1980 through Fiscal Year 1987.
(3) Fiscal Year 1988 represents the transition from a June 30 year-end to September 30.
Fiscal Year 1988 shows the 15 months 7 /1 /87 -9/30/88.
Source: City of College Station
27.5
25.0
"' 22.5 =
� 20.0 :§,
"' 17.5 I..
..::
0 Q 15.0
12.5
10.0
Total General Governmental
Revenues and Other Financing Sources
(for the last ten fiscal years)
I - - --1- - - -
'85 '86 '87 '88 '89 '90 '91 '92 '9 3 '94
Fiscal Year
-188 -
Transfer from
Charges for Enterprise Other Financing Debt Service
Services Funds All Other Sources Property Tax Total
$ 286,010 $ 3,272,759 $ 453,871 $ 625,825 {2) $ 3,514,761 $ 12, 197,042
335,371 4,066,951 407,287 706,772 (2) 3,826,083 13,507,228
298,463 4,302,654 414,908 657,086 {2) 3,992,810 13,750,507
487,541 5,570, 140 577,819 61,439 3,411,171 16,290,820
500,710 4,501,169 593,764 23,520 2,845,775 14,790,186
573, 748 4,701,449 693, 154 31,565 2,716,367 15,555,412
540,096 3,772,060 553,079 121,895 3,037,368 16,994,239
720,068 3,889,872 577,129 1,241,463 3, 125,805 19,400, 737
904,004 4,266,504 800,690 68,213 3,351,369 20,760,287
1,066,268 4,407,529 760,676 2, 731,232 3,634,353 25,293,383
-189 -
CITY OF COLLEGE STATION, TEXAS
GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION (1)
LAST TEN FISCAL YEARS
Fiscal General Public Parks &
Year Government Police Fire Services Recreation
1985 $ 3,559,610 $ 2,445,386 $ 2,008,648 $ 1, 142, 137 $ 1,405,236
1986 3,948,780 2,711,271 2,224,796 1,240,623 1,572,606
1987 4,214,064 3,024,395 2,324,273 1, 190,695 1,583,837
1988 (2) 4,968,662 3,883,961 2,943,886 1,561,876 2,401, 189
1989 4,335,002 3, 188,081 2,588,909 1,392,230 2,090,649
1990 4,617,138 3,363,665 2, 780,466 '1,502,988 2,428, 196
1991 4,723,549 3,491,656 2,833,455 1,940,697 2,269,977
1992 4,934,782 3,862,849 3,034,046 2, 1 08,406 2,576, 106
1993 5,289,911 4,054,244 3,331,309 2,266, 145 2,838,541
1994 5,923,568 4, 715,064 3,454,391 2,533,983 3,083,389
( 1 ) Expenditures presented include the General and Debt Service Funds.
(2) Fiscal Year 1988 represents the transition from a June 30 year-end to September 30.
Fiscal Year 1988 shows the 15 months 7/1 /87 -9/30/88.
(3) Utility Billing established as Internal Service Fund in Fiscal Year 1989, reducing reimbursed
administrative expenditures in General Fund. In Fiscal Year 1994, Utility Billin g was combined with
Electric Fund for reporting purposes.
Source: City of College Station
Total General Governmental
Expenditures and Other Uses
(for the last ten fiscal years)
'85 '86 '87 '88 '89 '90. '91 '92 '93 '94
Fiscal Year
- .190 -
Other
Library Capital Reimbursed All Debt Financing
Services Outlay Administrative Other Service Uses Total
$ 0 $ 651,878 $ (2,779,161} $ 0 $ 3,499,615 $ 0 $ 11,933,349
0 606, 156 (2,832, 1 53} 0 3,807,583 0 13,279,662
0 399,930 (3,353,671} 0 3,705,802 0 13,089,325
0 1,068,070 (3,818,632) 0 3,813,384 0 16,822,396
0 636,539 (2,393, 775) (3) 0 3,399,826 0 15,237,461
0 345,317 (2,276,465) (3} 0 3,422,703 200,000 16,384,008
0 602,976 (2,415,356) (3) 0 3,671,439 720,546 17,838,939
0 329,269 (2,591,911} (3} 572,578 4,843,605 0 19,669,730
283,478 412,314 (2,843,580) (3) 398, 100 3,508,905 0 19,539,367
282,255 1, 120,536 (2,886,557} (3)' 251,454 3,320,922 445,000 22,244,005
-191 -
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Percent
Fiscal Total Tax of Levy
Year Tax Levy Collections Collected
1985 $ 3,446,634 $ 3,243,918 94.12%
1986 4, 163,870 3,870,682 92.96
1987 4,261,855 3,956,428 92.83
1988 4, 181,328 3,945,308 94.36
1989 4,262, 125 4, 122,235 96.72
1990 4,472,941 4,376,436 97.84
1991 4,429, 176 4,308,690 97.28
1992 4,506,448 4,373,907 97.06
1993 4,902,798 4,816,407 98.24
1994 5,681,754 5,591,040 98.40
Source: City of College Station
6.0
5.5
-
"'
c: 5.0 :E
:§, 4.5
"'
i.. ..:: 4.0 0 Q
3.5
3.0 '85
Total Tax Collections
(for the last ten fiscal years)
-1-
--·-1-·---
'86 '87 '88 '89 '90 '9 1
Fiscal Year
- 192 -
'92 '93
Delinquent
Tax
Collections
$ 79,880
105,878
192,003
315,203
202,588
98,787
136,233
77,220
107,407
129,587
'94
Outstanding
Total Collections as Outstanding Delinquent Taxes as Total Tax a Percent of Current Delinquent a Percent of Current Collections Levy Taxes Levy
$ 3,323,798 96.44% $ 286, 133 8.30%
3,976,560 95.50 470,034 11.29
4, 148,431 97.34 582,614 13.67
4,260,511 101.89 489,709 11. 71
4,324,823 101.47 420, 113 9.86
4,475,223 100.05 394,727 8.82
4,444,923 100.36" 327,854 7.40
4,451, 127 98.77 363,933 8.08
4,923,814 100.43 324,685 6.62
5,720,627 100.68 282, 137 4.97
- 193 -
- 194 -
Fiscal
Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
CITY OF COLLEGE STATION, TEXAS
ASSESSED VALUE OF TAXABLE PROPERTIES ( 1)
LAST TEN FISCAL YEARS
Real Personal
Proper.ty Property Exemptions Total
$ 879,001,892 $ 116,065,055 $ 35,420,320 $ 959,646,627
993,907 ,903 144,581,203 36,875,269 1, 101,613,837
1,014,067,239 143,572,456 36,629,372 1, 121,010,323
993, 765,995 145,214,623 38,631,099 1, 100,349,519
1,002,938,332 157,209,511 38,535,922 1,121,611,921
995,686,332 161,343, 707 38,794,667 1, 118,235,372
983,973,909 156, 164,603 38,658,990 1, 101,479,522
1 ,013,892,433 150,886,397 38, 166,827 1, 126,612,003
1, 184, 748,445 168,378,927 164,570,381 1, 188,556,991
1, 145, 143,509 172,473,765 41,945,080 1,275,672, 194
(1) Assessed Value is 100% of the estimated actual value.
Sources: Brazos County Appraisal District
State Property Tax Board Report of Property Value
13.0
12.5 , -
Assessed Value of Taxable Properties
(for the last ten fiscal years)
I ' -- --1 -- - -T ---- 1·----i --
I r.I) --- - - _j -·-..L � 12.0 -1-
·5 11.5
� 11.0
� 1 0.5 , --
..:: 0 10.0 -
Q 9.5 ,
9.0�-=---�
'85 '86 '87 188 '89 '90 '9 1 '92 '93 '94
Fiscal Year
- 195 -
Fiscal
Year {1}
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
CITY OF COLLEGE STATION, TEXAS
PROPERTY TAX RATES, RATIOS AND LEVIES
ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Tax Rates (2)
(Per $1 00 of Assessed Value )
City School County
$ .3600 $ .9500 $ .3296
.3i00 .9780 .3253
.3800 1.0790 .4170
.3800 1.0790 .4170
.3800 1.2100 .3427
.4000 1.3000 .3689
.4000 1.4400 .4105
.4000 1.6800 .4399
.4125 1.6800 .4399
.4450 1.6300 .4342
Total (3)
$ 1.6396
1.6833
1.8760
1.8760
1.9327
2.0689
2.2505
2.5199
2.5324
2.5092
{1) Tax rates are established by each taxing jurisdiction on an annual basis for
revenues to be collected in the following fiscal year.
(2) The date that taxes are due for all jurisdictions is October 1. Taxes for all
jurisdictions become delinquent on February 1. The penalty is set by state law
at 6% in February, and an additional 1 % per month up to 12%. The interest is
accrued at 1 % per month.
(3) The upper limit of the tax rate is set at $2.50/$100of assessed value for each
jurisdiction by State Statute. This limit is for both operations and debt service
combined.
Source: Brazos County Appraisal District
3.00
� 2.50 ::s
Property Tax Rates
(for the last ten fiscal years)
I I ___ I __ _
I I I
-···-�--·-----·---;
mJ County > 2.00 "O
�· � 0 School .... "' co:"' 1.50 ��
Iii City 0 'o
0 1.00 :::;
(;')
,_
s 0.50
0.00
'85 '86 '87 '88 '89 '90 '9 l '92 '93 '94
Fiscal Year
-196 -
Tax Ratios Original Tax Levies
City School County City School County
100% 100% 100% $ 3,446,634 $ 9,676,001 $ 9,206,410
100 100 100 4, 163,870 11,757,247 9,997, 174
100 100 100 4,261,855 12,797,106 11,515,156
100 100 100 4, 181,328 12,959,657 12,297,807
100 100 100 4,262, 125 14,868,835 10, 138,888
100 100 100 4,472,941 15,814,785 10,476,587 -
100 100 100 4,999,328 17;388,938 11,438,852
100 100 100 5, 130,768 18,612,589 12, 184,729
100 100 100 4,902,806 21,608,259 12,789,846
100 100 100 5,681, 754 23,390,262 13,374,336
- 197 -
Fiscal
Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
CITY OF COLLEGE STATION, TEXAS
PAVING ASSESSMENT COLLECTIONS
LAST TEN FISCAL YEARS
Percentage of
Current Assessments Assessments
Assessment Collected Collected (%)
$ 0 $ 45,746 32.24%
0 16,019 16.66
0 13,433 16.76
202,546 36,913 13.71
0 21,703 93.40
40,926 14,251 5.67
0 31,016 13.07
0 4,682 2.27
0 58,358 28.95
0 4,779 3.34
Source: City of College Station Finance Department
- 198 -
Total
Outstanding
Assessments
$ 96, 153
80, 134
66, 701
232,334
210,631
237,306
206,290
201,608
143,250
138,471
CITY OF COLLEGE STATION, TEXAS
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 1994
The City has no general obligation legal debt limit other than a ceiling on the tax
rate as specified by the State of Texas. The prescribed maximum is $2.50 per
$100 at 100% valuation.
-199 -
CITY OF COLLEGE STATION, TEXAS
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
LAST TEN FISCAL YEARS
Fiscal Estimated Assessed Gross
Year Population Value Bonded Debt
1985 50,853 (1) $ 959,646,627 $ 21,354,000
1986 50,991 (1) 1, 101,613,837 19,907,500
1987 51,222 (1) 1,121,010,323 18,411,000
1988 51,463 (1) 1, 100,349,519 20,993,888
1989 51,707 (1) 1,121,611,921 19,242,957
1990 51,977 (1) 1, 118,235,372 20,664,590
1991 52,456 (2) 1, 101,4 79,522 18,577,355
1992 53,686 (1) 1, 126,612,003 21, 103,590
1993 54,449 (1) 1, 188,556,991 19,014,385
1994 56,374 (1) 1,275,672, 194 17,028,340
(1) Source: Metropolitan Planning Organization & City of College Station Planning
Department
(2) Source: U.S. Government Preliminary Census
-200-
Less Debt
Service Cash
$
Funds
1,750,986
2,028,845
2,560,656
1,890,972
1,880,417
1,528,503
1, 146,493
856, 151
870,035
1,364,212
400
300
275
250
Ratio of
Net Bonded Debt
Net To Assessed
Bonded Debt Valuation
$ 19,603,014 2.04
17,878,655 1.62
15,850,344 1.41
19,102,916 1.74
17,362,540 1.55
19, 136,087 1. 71
17,430,862 1.58
20,247,439 1.80
18, 144,350 1.53
15,664, 128 1.23
Net Bonded Debt per Capita
(for the last ten fiscal years)
Net
Bonded Debt
Per Capita
$ 385
351
309
371
336
368
332
377
333
278
'85 '86 '87 '88 '89 '90 '91 '92 '93 '94
Fiscal Year
-201
CITY OF COLLEGE STATION, TEXAS
SCHEDULE OF DIRECT AND ESTIMATED OVERLAPPING DEBT
SEPTEMBER 30, 1994
Net Debt
Taxing Body Amount As Of
ESTIMATED OVERLAPPING DEBT
College Station l.S.D. (2) $ 33,500,000 8/31 /94
Brazos County (3) 7,265,000 8/31 /94
Bryan l.S.D. (4) 24,939,976 8/31 /94
NET DIRECT DEBT
City of College Station ( 1 ) 15,664, 128 9/30/94
NET DIRECT AND ESTIMATED OVERLAPPING DEBT
* Population: 56,374
{ 1) Source: City of College Station Finance Department
(2) Source: College Station Independent School District
(3) Source: Brazos County
· {4} Source: Bryan Independent School District
-202 -
City's Share
Percent Amount
83.48 % $ 27,965,800
40.98 2,977, 197
5.17 1,289,397
32,232,394
100.00 15,664, 128
$ 47,896,522
Per
Capita *
$ 496
53
23
572
278
$ 850
CITY OF COLLEGE STATION, TEXAS
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES
FOR GENERAL OBLIGATION DEBT
TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES
LAST TEN FISCAL YEARS
Total General
Interest, Fiscal Governmental
Fiscal and Other Total Debt Expenditures Year Principal Charges Service and Other Uses Ratio
1985 $ 1,361,800 $ 2,137,815 $ 3,499,615 $ 11,933,349 29.33 %
1986 1,630,982 2, 176,601 3,807,583 13,279,662 28.67
1987 1,685,439 2,020,363 3,705,802 13,089,.325 28.31
1988 ( 1) 1,795,053 2, 108,331 3,903,384 16,822,396 ( 1 ) 23.20 (1)
1989 1,852,938 1,546,888 3,399,826 15,237,461 22.31
1990 1,913,720 1,508,983 3,422,703 16,384,008 20.89
1991 2,206,493 1,464,946 3,671,439 17,838,939 20.58
1992 3,332,876 1,510,729 4,843,605 19,669,730 24.62
1993 2, 111,906 1,396,999 3,508,905 19,539,367 17.96
1994 2,066,045 1,254,877 3,320,922 22,244,005 14.93
(1) Fiscal year 1988 represents the transition from a June 30 year-end to September 30. Fiscal
year 1988 shows the 1 5 months 7 /1/87 -9/30/88.
Source: City of College Station
22.5
20.0,
Ratio of Annual Debt Service Expenditures for
General Obligation Debt to Total General
Governmental Expenditures and Other Uses
(for the last ten fiscal years)
'i 17.5 ,
� 15.0 ,
:§, 12.5 , .
"' 10.0
� 7.5.
� 5.0 .·
2.5 ,
0. 0 .,....__.....,....._.....,_.____..,..... ......... ,...._-"T-'"'"-�---X:.,-..L--"-r-'---..14-JL-....IC.,
'85 '86 '87 '88 '89 '90 '91 '92 '93 '94
Fiscal Year
- 203 -
(§)Other
0 Debt Se1·vice
CITY OF COLLEGE STATION, TEXAS
UTILITY FUNDS
SCHEDULE OF REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
Operating
Fiscal Operating Expenses Net Average Annual Maximum Annual
Year Revenues (Excluding Revenues Total Coverage Total Coverage Depreciation)
1985 $ 31,867,897 $ 21,673,543 $10, 194,354 $ 3,582,202 2.85 % $ 5, 172,546 1.97 %
1986 32,480,725 23,958, 157 8,522,568 3,476, 179 2.45 5, 143,007 1.66
1987 32,760,614 22,777,769 9,982,845 3,357, 119 2.97 5,096, 158 1.96
1988 (1) 48, 138,363 33,676,511 14,461,852 3, 134,547 4.61 4,758,370 3.04
1989 37,584,613 26,878,049 10,706,564 2,999,229 3.57 4,487,414 2.39
1990 37, 108,418 26,478,070 10,630,348 2,863,939 3.71 4,245,295 2.50
1991 35,558,916 27,042,224 8,516,692 2,337, 186 3.64 4,447,976 1 .91
1992 37,524,486 27,463,001 10,061,485 2, 186,415 4.60 4, 144,820 2.43
1993 39,637,874 28,912,833 10,725,041 1,683, 197 6.37 4, 176,525 2.57
1994 (2) 48,291,091 36, 190, 720 12, 100,371 1,553,305 7.79 4, 176,525 2.90
(1) Fiscal Year 1988 represents the transition from a June 30 year-end to September 30. Fiscal year 1988 shows the
15 months 7 /1 /87 -9/30/88.
(2) In Fiscal Year 1994, the Utility Billing Fund was combined with the Electric Fund for reporting purposes.
Source: City of College Station
-204-
CITY OF COLLEGE STATION, TEXAS
TOTAL BANK DEPOSITS
LAST TEN FISCAL YEARS
Fiscal
Year Amount
1985 $ 200,588,000
1986 199, 102,000
1987 214,443,000
1988 ( 1 ) 135,469,000
1989 806, 100,000
1990 703,600,000
1991 787, 700,000
1992 769,400,000
1993 717,485,000
1994 .849,702,000
(2)
(3)
(3)
(3)
(3)
(3)
(3)
(1) Effective in fiscal year 1988, data from September 30. Prior years are June 30
reports.
(2) During fiscal year 1988, First Republic Bank A&M was purchased by North
Carolina National Bank and operated as a branch of N.C.N.B. -Texas National
Bank (now NationsBank). Call reports are not issued by branch banks.
(3) Due to continued consolidation in the banking industry, total includes Bryan
College Station area banks.
Source: Call reports for all Bryan-College Station area banks
Total Bank Deposits
1,000
800
600 , - - - - -:
400,
200
0
'85 '86 '87 '88 '89 '90 '91 '92 '93 '94
Fiscal Year
-205 -
Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
CITY OF COLLEGE STATION, TEXAS
CONSTRUCTION PERMITS
LAST TEN CALENDAR YEARS
Residential Construction Commercial Construction
Number Number Number
of of of
Permits Value Permits Value Permits
194 $ 9,587,839 323 $ 15, 779,281 517
209 8, 104,272 134 16, 133,255 ·343
250 12,655,651 225 15,590,672 475
243 20,279,472 172 3,468,622 415
229 15,528, 105 203 22,085,987 432
213 12,539,486 56 3,870,491 269
370 18,933,748 164 17,319,566 534
475 31,503,185 153 11,648,580 628
381 38, 141,976 178 27,288,295 559
611 64,673,810 234 20,505,039 845
Source: City of College Station Building Department
9 00
800
700,
"'O 600 c:J
� 500, -
i.. c:J 400 .Q e 300 ::: z. 200
100,
0
Construction Permits
· (for the last ten fiscal years)
- -· -- -I_ --- - !_ - - - !_ - _I_ - _l _ - --
-
'85
I I
I : -- -
I
--- -
I
- - -
'86 '87 '88
I I
'89 '90 '91
Fiscal Year
- 206 -
'92 '93 '94
Total
Value
$ 25,367, 120
24,237,527
28,246,323
23,748,094
37,614,092
16,409,977
36,253,314
43,151,765
65,430,271
85, 178,849
m:J Commerci:ll
0 Residential
CITY OF COLLEGE STATION, TEXAS
PRINCIPAL TAXPAYERS
SEPTEMBER 30, 1 994
1994 Assessed
Taxpayer Type of Business Valuation
C.B.L. Management Retail Mall $ 44,356,552
General Telephone Utility 27,663,000
Galen Hospitals of Texas, Inc. Hospital 20,584,699
l.D.I. Investments, Inc. Apartments 19,774,580
Wal-Mart/Sam's Properties Retail 15,547,955
Resolution Trust Corporation Commercial/ Apartments 13,583, 104
Lodgec Properties Commercial/ Apartments 13,288,465
Lane College Station, Ltd. Hotel 9,656,000
Westinghouse Electric Corp. Manufacturing 9, 162, 735
Allen, Lawrence and Elizabeth Housing 7,449,500
TOTAL $ 181,066,590
Source: Brazos County Appraisal District
- 207 -
Percent of
Total
Assessed
Valuation
3.48%
2.17
1.61
1.55
1.22
1.06
1.04
0.76
0.72
0.58
14.19%
Utility
Customer
City of College Station
Westinghouse
Lane College Station, Ltd.
Randall's Food Markets
CITY OF COLLEGE STATION, TEXAS
PRINCIPAL UTILITY CUSTOMERS
SEPTEMBER 30, 1 994
FY 1994
KW
Type of Business Consumption
Municipality 8,554,800
Manufacturing 7,985,200
Hotel 6,009,000
Retail Grocery 5,343,840
Brazos Valley Medical Center Health Care 4,832,800
CBL & Associates Retail Mall 4,57_1, 100
U.S. Department of Agriculture Government 4,364,000
Wal-Mart Stores, Inc. Retail 4, 149,360
Albertson's Retail Grocery 3,331,040
Kroger Company Retail Grocery 3,314,000
TOTAL 52,455, 140
Total Percent of
KW Consumed
1.85%
1.72
1.30
1.15
1.04
0.99
0.94
0.90
0.72
0.72
11.33 %
Total KW consumption for the period October 1, 1993, to September 30, 1994, was
463,275,463.
Source: City of College Station Utility Billing Department
- 208 -
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 1 994
Date incorporated
Date first charter adopted
Date present charter amended
Form of government
Area in square miles:
Fire Protection:
Police Protection:
Recreation:
Year
Square
Miles
1938 1.5
1948 4.2
1958 7.3
1968 17.3
1978 22.6
1982 23.8
1986 26.7
1988 27.7
1992 28.1
1994 30.0
Miles of streets
Miles of sidewalks
Miles of sanitary sewer
Number of stations
Number of full-time employees
Paved
Unpaved
2
77
Number of employees (sworn) 76"
Number of employees 36
Number of patrol units 1 8
One jail facility with a capacity of 20
Number of playgrounds
Number of basketball courts
Number of swimming pools
Number of soccer fields
Number of softball/baseball
Number of tennis courts
Number of picnic shelters
Number of gyms
Number of volleyball courts
Number of fitness courts
Number of nature trails
Number of open play areas
Number of picnic pavilions
(Continued)
-209 -
24
15
3
17
14
12
10
1
5
4
12
23
7
October 1 938
October 1 938
May 1992
Council-Manager
201.0 Miles
2.5 Miles
30.0 Miles
300.0 Miles
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DA TA
SEPTEMBER 30, 1994
(Continued)
Parks:
Facilit:i Acres
Anderson Park 8.9
Bee Creek Park 43.5
Brison Park 9.2
Brother's Pond Park 16.1
College Station Central 47.2
Conference Center 7.8
Cy Miller Park 2.5
Eastgate 1.0
Edelweiss 10.9
Emerald Forest Park 4.5
Fairview 1.8
Gabbard Park 10.7
Georgia K. Fitch 11.3
Hensel Park -TAMU 29.7
Lemon Tree Park 15.4
Lick Creek Park 515.5
Lincoln Center 8.0
Lion's Park 1.5
Utility Funds:
Electric Users (Units Served)
Average Electrical Consumption:
Water Users (Units Served)
Average Water Consumption:
Number of Employees:
Electric
Water
Sewer
Water Capacity:
Number of Wells
Combined Capacity of Wells
Number of Ground Storage Tanks, 3
Number of Elevated Storage Tanks, 2
Miles of Water Lines
Facilit�
Longmire Park
Merry Oaks
Oaks Park
Parkway
Raintree
Richard Carter Park
Sandstone
Southwood Complex
Thomas Park
University Park Site
Wayne Smith Park
Westchester
Windwood
Wolfpen Creek Park
Woodcreek Park
Woodway Park Site
TOT AL ACREAGE
21,835
38,606,289 KWH/Mo.
16, 1 55
189,01 l MGW/Mo.
56
34
36
4
15,600,000 GAL/day
Total capacity 10,000,000 GALS
Total capacity 3,000,000 GALS
300 Miles
(Continued)
- 210 -
Acres
4.2
4.6
7.5
1.9
13.0
7.4
15.0
44.7
16.1
10.2
2.0
10.0
1.0
19.5
6.6
4.2
913.4
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 1994
Electric Capacity:
Maximum Capacity
Number of Switching Stations
Number of Substations
Miles of Distribution Lines
Solid Waste Collection Fund:
Number of Users (Units Served)
Methodology
Education:
Attendance centers
Number of classrooms
Number of teachers
Number of students
Elections:
Number of registered voters:
Last general election
Last municipal election
Number of votes cast in:
Last general election
Last municipal election
(Continued)
1 70 megawatts
1
3
210 Miles
20,847
Curbside pickup using automated containers
9
335
384
6,409
27,957
30,654
22,366
2, 191
Percentage of registered voters voting in:
Last general election
Last municipal election
Population:
Census Count
Source: City of College Station
1990
1980
1970
1960
1950
(Continued)
-211 -
80.00%
7.15%
52,456
37,296
17,676
11,396
7,925
CITY OF COLLEGE STATION, TEXAS
MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA
SEPTEMBER 30, 1 994
(Continued)
PROJECTED AND ACTUAL TEXAS A&M UNIVERSITY ENROLLMENT
BY FALL SEMESTERS
Year University Projections
1987 39,079
1988 39, 163
1989 40,492
1990 41,131
1991 40,997
1992 41,092
·1993 42,524
1994 42,018
1995 41,000 Projected
2000 41,000 Projected
Source: TAMU Planning & Institutional Analysis, October 1994
PRIMARY LABOR FORCE FOR BRAZOS COUNTY
Total Percent
Year Labor Force Unemgloyed
1985 56,504 4.8
1986 57,472 6.4
1987 59,595 6.2
1988 57,637 4.6
1989 61,300 4.4
1990 62,000 3.5
1991 60,988 3.6
1992 65,609 3.6
1993 66,300 3.5
1994 69,200 3.0
Source: Texas Employment Commission (Bryan, Texas)
- 212 -