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Home My WebLink AboutFY 1968-1969 -- Approved Annual Budget BUDGET OF THE CITY OF COLLEGE STATION , TEXAS FISCAL YEAR JULY 1 , 1968 - JUNE 30 , 1969 THE HOME OF TEXAS A&M UNIVERSITY TABLE OF CONTENTS ***** ** ******** PAGE PART I City Officials 1 Analysis of Tax Rate 2 Analysis of Tax Levy 3 Delinquent Taxes 4 Estimate of Revenues and Expenditures 5 Budget Summary of Revenues and Expenditures 6 PART II GENERAL FUND Revenues 7 Expenditures Administrative 8 • Police and Fire Department 9 Health and Street Department 10 Miscellaneous and Recreation 11 Retirement of Debt and Bonds and Warrants 12 PART III UTILITY FUND Revenues 13 Expenditures - Administrative 13 Operation 14 Maintenance and Repairs 14 Sewage Treatment 15 Capital Outlay 15 Debt Service 16 PART IV CEMETERY FUND Revenues 17 Expenditures - Administrative 17 Maintenance and New Construction 17 TABLE OF CONTENTS (continued) PAGE PART V STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE Statement of Indebtedness 18 Schedule of Requirements for Debt Service 19 Schedule of Requirements for Debt Service 20 Schedule of Requirements for Debt Service 21 An Ordinance Levying Taxes for the Use and Support of the Municipal Government of the City of College Station and Providing for the Interest and Sinking Fund for the Year 1968-69 and Apportioning Each Levy for the Specific Purpose 22 An Ordinance Adopting a Budget for the 1968-69 Fiscal Year and Authorizing Expenditures as Therein Provided 23 BUDGET MESSAGE To the Honorable Mayor and City Council City of College Station, Texas Gentlemen: Pursuant to Article 689a-13, Title 20 of the Revised Civil Statutes of Texas and Article V, Section 46 of the Charter of the City of College Station, there is submitted herewith a budget estimate of the revenues and expenditures of the City of College Station for the fiscal year beginning July 1, 1968 and ending June 30, 1969. This proposed budget is in the amount of $1,180,975.00. This is an increase of $155,550.00 over the 1967-68 budget. Below is a breakdown on increases and decreases in this budget as compared with that of last year. GENERAL FUND The ad valorem tax revenue will be increased approximately S9,000.00 based on 97% collection of an assessed valuation of $8,800,000.00 with a tax rate of $1.50 per one hundred dollar valuation. There has been no change in the tax rate for the past eleven years. Other revenues will be increased in the amount of $34,000.00 due to increases in franchise tax, court fines, building permit fees, garbage charge, and sales tax. The expenditures will be increased by $41,000.00 due to salary adjustments, additional office personnel, hospitalization insurance for employees, parks, recreation fund, and general obligation bond debt service. UTILITY FUND ELECTRIC, WATER AND SEWER The revenue in the Utility Fund will be increased $51,000.00 due to normal increase in the sales of electric power, water and sewage service charges. The expenditures will be increased by $80,000.00 due to the following items: (1) $20,000.00 additional power cost (2) $5,000.00 additional water cost (3) $10,000.00 interest and sinking fund requirements for Revenue Bonds (4) $30,000.00 capital outlay in electric system (5) $15,000.00 maintenance and repairs in utility funds. As College Station continues to grow, demand for services increases accordingly. We are aware of this demand and are always striving to render the type service that our people might reasonably expect. Respectfully submitted, Ran Boswell RB/fn City Manager CITY OF COLLEGE STATION CITY OFFICIALS CITY COUNCIL D. A. Anderson, Mayor Bill J. Cooley Robert R. Rhodes Dan R. Davis James H. Dozier 0. M. Holt T. R. Holleman Florence Neelley City Secretary Phillip B. Goode City Judge Don Dillon City Attorney Dr. T. 0. Walton, Jr. City Health Officer _ 1 _ CITY OF COLLEGE STATION ANALYSIS OF TAX RATE 1947 1946 1968 Public Building Total General Fund Bond Fund Bond Fund Warrants Tax Rate 1954-55 $ .70 $ .24 $ $ .06 $1.00 1955-56 .72 .22 .06 1.00 1956-57 .75 .20 .05 1.00 1957-58 .77 .19 .04 1.00 1958-59 1.36 .11 .03 1.50 1959-60 1.37 .11 .02 1.50 i 1960-61 1.37 .11 .02 1.50 1 1961-62 1.40 .10 1.50 1962-63 1.41 .09 1.50 1963-64 1.37 .13 1.50 1964-65 1.38 .12 1.50 1965-66 1.40 .10 1.50 1966-67 1.41 .09 1.50 1967-68 1.50 1.50 1968-69 1.19 .31 1.50 CITY OF COLLEGE STATION BUDGET ANALYSIS OF TAX LEVY Current Tax Assessed Tax Collections % Total Collected % Fiscal Year Valuation Rate Tax Levy Fiscal Year Collected as of 6-30-68 Collected Year Ending 1955 $3,297,260.00 $1.00 $ 32,972.60 $ 31,714.51 96.18 $ 32,818.77 99.53 6-30-56 1956 3,594,733.00 1.00 35,947.33 35,143.05 97.76 35,783.95 99.55 6-30-57 1957 3,863,948.00 1.00 38,639.48 37,607.50 97.33 38,403.40 99.39 6-30-58 1958 4,062,455.00 1.50 61,280.46 59,691.00 97.40 60,928.54 99.43 6-30-59 1959 4,399,270.00 1.50 65,996.64 63,864.91 96.77 65,616.60 99.42 6-30-60 1960 4,672,600.00 1.50 70,089.50 67,368.63 96.12 69,630.28 99.34 6-30-61 r�., 1961 4,850,029.00 1.50 72,750.96 70,105.47 96.36 72,198.27 99.24 6-30-62 t 1962 5,021,445.00 1.50 75,322.24 72,546.45 96.31 74,682.93 99.15 6-30-63 1963 5,177,020.00 1.50 77,655.30 74,650.26 96.13 76,702.92 98.77 6-30-64 1964 5,705,484.00 1.50 85,582.83 83,073.29 97.07 84,682.78 98.95 6-30-65 1965 6,412,827.00 1.50 96,193.15 92,326.38 95.98 94,946.28 98.70 6-30-66 1966 7,061,806.00 1.50 105,928.81 101,355.16 95.68 104,138.74 98.31 6-30-67 1967 8,130,580.00 1.50 121,896.05 118,344.26 97.20 118,344.26 97.09 6-30-68 1968 9,121,855.00 1.50 136,829.29 In Process 6-30-69 CITY OF COLLEGE STATION BUDGET DELINQUENT TAXES 1939 6 16.98 1940 34.80 1941 27.52 1942 7.20 1943 5.50 1944 12.40 1945 6.20 1946 8.75 1947 14.59 1948 18.09 1949 34.84 1950 36.00 1951 98.00 1952 111.25 1953 150.55 1954 224.58 1955 153.83 1956 163.38 1957 236.08 1958 351.92 1959 380.04 1960 459.22 1961 552.69 1962 639.31 1963 952.38 1964 900.05 1965 1,246.87 1966 1,790.07 1967 3,551.79 $12,184.88 Less Reserve for Uncollectible Taxes 4,000.00 Taxes Receivable Net 8,184.88 - 4 - CITY OF COLLEGE STATION BUDGET ESTIMATED REVENUES & EXPENDITURES ALL FUNDS FISCAL YEAR 1968 - 1969 Fund Revenues Expenditures General $ 263,200.00 $ 441,981.66 Utility Funds - Electric, Water & Sewer 913,600.00 734,818.34 Cemetery 4,175.00 4,175.00 $1,180,975.00 $1,180,975.00 - 5 - CITY OF COLLEGE STATION BUDGET SUMMARY REVENUES & EXPENDITURES Estimated 1967-68 Proposed 1968-69 Revenues Expenditures Revenues Expenditures GENERAL FUND: Ad Valorem Tax $ 123,800.00 $ $ 132,800.00 $ All Other 96,512.25 130,400.00 Administrative 54,888.00 78,360.66 Police Department 74,869.69 86,550.00 Fire Department 17,360.00 14,800.00 Health & Sanitation Department 51,918.21 50,300.00 Street Department 135,944.81 126,350.00 Miscellaneous 23,200.00 24,700.00 Parks and Recreation 9,200.00 11,825.00 Equipment Replacement Fund 10,000.00 Contingent Fund 19,904.00 4,476.00 Retirement of Debts 15,260.00 44,620.00 TOTAL GENERAL FUND $ 220,312.25 $ 412,544.71 $ 263,200.00 $ 441,981.66 UTILITY FUNDS - ELECTRIC, WATER & SEWER: Administrative $ $ 34,799.71 S $ 36,693.34 Operation 862,700.00 383,120.00 913,600.00 411,184.00 Maintenance & Repairs 77,200.00 92,608.00 Sewage Treatment 13,800.00 14,120.00 Capital Outlay 69,500.00 90,500.00 Debt Service 75,530.00 89,713.00 TOTAL UTILITY FUNDS $ 862,700.00 $ 653,949.71 $ 913,600.00 3 734,818.34 CEMETERY FUND: Administrative B $ 1,620.00 $ $ 1,870.00 Operation 4,025.00 4,175.00 Maintenance & Repairs 1,200.00 1,400.00 Contingent Fund 1,205.00 905.00 TOTAL CEMETERY FUND $ 4,025.00 $ 4,025.00 S 4,175.00 S 4,175.00 61,087,037.25 $1,070,519.42 $1,180,975.00 $1,180,975.00 - 6 - ANNUAL B UDG ET * * * * * * * * * * * * PART II * * * 3; GENERAL FUND * # * * * * * * * * * DETAILED REVENUES AND EXPENDITURES CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 REVENUES: Tax Revenue $101,360.26 $119,000.00 $128,000.00 Tax Revenue Delinquent 2,241.49 4,800.00 4,800.00 Penalty & Int. on Delinquent Taxes 560.27 700.00 700.00 City Sales Tax 25,000.00 License 130.00 200.00 200.00 Occupational Taxes 1,028.76 1,535.00 1,600.00 Franchise Tax 9,339.05 16,777.25 21,000.00 Animal Licenses & Pound Fee 720.00 750.00 800.00 Court Fines 10,429.00 14,000.00 14,000.00 Inspection Fees 1,954.50 2,450.00 2,500.00 Building Permits 4,367.00 4,600.00 5,000.00 Garbage Charge 43,737.41 54,000.00 58,000.00 Miscellaneous 2,203.95 1,200.00 1,300.00 Fees & Issuing Tax Certificates 225.00 300.00 300.00 $178,296.69 $220,312.25 $263,200.00 - 7 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 EXPENDITURES: ADMINISTRATIVE: Mayor and Council $ 338.60 S 700.00 S 700.00 Auditing and Legal 1,168.00 1,400.00 1,600.00 Director of Finance 2,415.00 2,534.00 2,660.00 City Manager 4,134.00 4,134.00 4,666.66 Elections 293.96 1,100.00 300.00 Corporation Court Expense 1,800.00 2,400.00 2,400.00 Office Salaries 4,703.39 6,400.00 16,764.00 Other Office Expense 3,139.16 3,200.00 3,200.00 Tax Expense 842.41 850.00 900.00 Car Expense 104.12 120.00 120.00 Texas Municipal League 617.40 700.00 700.00 Capital Outlay 4,778.45 1,000.00 1,000.00 Engineering 21,105.13 23,000.00 30,000.00 Telephone and Utilities 621.33 650.00 650.00 Retirement and Social Security 6,557.07 6,700.00 7,000.00 Hospitalization Insurance 5,700.00 h 52,618.02 S 54,888.00 $ 78,360.66 - 8 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 POLICE DEPARTMENT: Signs and Signals $ 4,480.81 S 2,500.00 $ 2,500.00 Auto Maintenance 4,540.36 5,000.00 5,000.00 Chief of Police Salary 6,600.00 6,600.00 7,600.00 Policemen 33,245.93 50,600.00 62,400.00 Capital Outlay 5,389.00 6,619.69 5,500.00 Miscellaneous and Uniforms 3,073.39 3,000.00 3,000.00 Radio Service 194.27 200.00 200.00 City's Share of School Patrolman 300.00 350.00 350.00 $ 57,823.76 S 74,869.69 $ 86,550.00 FIRE DEPARTMENT: • Payment to A & M University $ 1,562.60 $ 1,500.00 $ 1,500.00 Cutting Grass & Trash Removal - Salaries & Equipment Expense 7,147.73 6,000.00 3,400.00 Firemen's Salaries 2,470.96 2,500.00 2,500.00 Miscellaneous - Firemen's Training 166.80 Fire Chief Salary 3,660.00 3,800.00 Fire Plug Rental 50.00 100.00 Alarm System 224.00 300.00 300.00 Radio Dispatcher 3,300.00 3,300.00 3,300.00 S 14,922.09 $ 17,360.00 $ 14,800.00 - 9 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 HEALTH & SANITATION DEPARTMENT: Contribution to County Health Unit $ 4,437.58 $ 7,000.00 $ 7,900.00 Refuse Collection: Disposal Grounds 4,200.00 4,200.00 4,200.00 Salaries 28,585.10 30,000.00 32,300.00 Capital Outlay 7,467.21 6,718.21 1,900.00 Mosquito Control 483.14 900.00 900.00 Truck Expense 2,275.31 2,500.00 2,500.00 Miscellaneous 1,126.15 600.00 600.00 $ 48,574.49 $ 51,918.21 $ 50,300.00 STREET DEPARTMENT: Maintenance & Repairs: Salaries $ 23,015.40 $ 25,900.00 $ 32,000.00 Material 7,802.73 15,000.00 15,000.00 Equipment Expense 7,288.44 4,000.00 4,000.00 Warehouse Expense 326.43 350.00 350.00 New Construction: Drainage - Bridges 154.76 1,500.00 500.00 Capital Outlay 400.00 3,690.25 10,000.00 City's Share of Paving 91,458.95 60,000.00 60,000.00 Street Lighting 1,319.80 2,000.00 2,000.00 Purchase of Right-of-way 13,493.19 2,500.00 Street Appraisal 2,250.00 City's Patricipation - Jersey Street Improvement 29,500.00 7,761.37 $161,266.51 $135,944.81 $126,350.00 - 10 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 MISCELLANEOUS: City's Share of Library Expense $ 400.00 S 400.00 S 400.00 Travel 2,332.09 2,400.00 2,400.00 Insurance and Bonds 4,032.98 4,100.00 4,100.00 Other Expense 2,305.73 1,500.00 1,500.00 Brazos County Counseling Service 6,000.00 8,500.00 8,500.00 Civil Defense & Miscellaneous 1,138.98 1,500.00 1,500.00 Indigent Hospital 1,500.00 3,000.00 Maintenance and Repairs Building & Custodian 3,601.92 3,300.00 3,300.00 $ 19,811.70 S 23,200.00 $ 24,700.00 PARKS AND RECREATION: Maintenance and Utilities Parks $ 684.89 $ 5,000.00 6,825.00 Park Equipment 1,882.00 Recreation Council 3,800.00 4,200.00 5,000.00 $ 6,366.89 $ 9,200.00 $ 11,825.00 EQUIPMENT REPLACEMENT FUND S 9,000.00 10,000.00 0 CONTINGENT FUND $ 19,596.00 8 19,904.00 S 4,4'76.00 - 11 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 RETIREMENT OF DEBTS: Notes: University National Bank $ 10,000.00 $ 14,000.00 $ 4,000.00 Interest - Notes 1,480.00 1,260.00 720.00 $ 11,480.00 $ 15,260.00 $ 4,720.00 BONDS: Water and Sewer (1946) $ 6,000.00 $ Interest 150.00 General Obligation Bonds Interest 39,900.00 Commission Expense 11.30 $ 6,161.30 $ $ 39,900.00 p407,620.76 $412,544.71 $441,981.66 - 12 - ANNUAL BUDGET * * * * * * * * * * * * PART III * * * * * * * UTILITY SECTION * * * * * * * * * * * * * CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1966-67 1967-68 1968-69 REVENUES: Electric Sales $572,584.81 $610,000.00 $652,700.00 Water Sales 163,406.37 170,000.00 175,000.00 Sewer Sales 54,457.40 62,000.00 65,000.00 Penalties 3,401.87 4,500.00 4,500.00 Temporary Electric Services 360.00 400.00 500.00 Pole Rental 2,637.00 2,800.00 2,900.00 Tapping Fees - Water & Sewer 12,089.50 13,000.00 13,000.00 $808,936.95 $862,700.00 $913,600.00 EXPENDITURES: ADMINISTRATIVE: City Manager's Salary $ 8,266.00 S 8,266.00 $ 9,333.34 Director of Finance Salary 4,830.00 5,066.00 5,320.00 Audit and Legal 2,369.92 2,800.00 3,200.00 Telephone & Utilities 3,934.40 4,000.00 4,000.00 Auto Expense 204.56 240.00 240.00 Capital Outlay 3,276.00 2,000.00 2,000.00 Insurance 2,439.19 2,100.00 2,100.00 Office Supplies 6,164.28 4,000.00 4,000.00 Retirement and Social Security 5,327.75 6,327.71 6,500.00 S 36,812.10 h 34,799.71 $ 36,693.34 - 13 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1966-67 1967-68 1968-69 OPERATION: Office Salaries $ 17,284.07 $ 19,370.00 $ 20,934.00 Meter Reading 5,250.00 5,250.00 5,450.00 Special Engineering 807.28 1,000.00 2,000.00 Power Cost 263,421.08 295,000.00 315,000.00 Water Cost 52,943.16 60,000.00 65,000.00 Billing Cost 2,373.34 2,500.00 2,800.00 3342,078.93 $383,120.00 $411,184.00 MAINTENANCE & REPAIRS: Electric: Salaries $ 21,192.00 $ 25,000.00 $ 26,708.00 Material 2,060.70 3,000.00 3,000.00 Water & Sewer: Salaries 35,103.40 39,000.00 49,400.00 Material - Water 2,365.91 3,000.00 6,300.00 Material - Sewer 594.59 1,000.00 1,000.00 Other Expense: Gas, Oil & Repairs 3,082.35 3,200.00 3,200.00 Warehouse Expense 653.06 500.00 500.00 Tapping Expense 1,339.83 2,500.00 2,500.00 $ 66,391.84 $ 77,200.00 $ 92,608.00 - 14 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1966-67 1967-68 1968-69 SEWAGE TREATMENT: Salaries $ 6,000.00 $ 6,300.00 $ 6,420.00 Sewer Rent - Bryan 4,424.81 4,600.00 4,800.00 Maintenance: Building, Grounds & Equipment 1,692.66 1,200.00 1,200.00 Utilities 1,622.42 1,700.00 1,700.00 $ 13,739.89 $ 13,800.00 $ 14,120.00 CAPITAL OUTLAY: Electric: Material $ 11,000.00 $ 14,000.00 $ 15,000.00 Meters 11,000.00 12,000.00 12,000.00 Transformers 26,000.00 17,000.00 20,000.00 General Equipment 2,341.00 15,000.00 Water: Material 4,000.00 5,000.00 6,000.00 Meters 10,268.49 11,000.00 12,000.00 Sewer: Material 5,451.74 6,000.00 6,000.00 General Equipment 7,599.72 4,500.00 4,500.00 $ 77,660.95 $ 69,500.00 $ 90,500.00 - 15 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1966-67 1967-68 1968-69 DEBT SERVICE: Interest & Sinking Fund Requirements - Waterworks & Sewer System and Electric Light & Power System Revenue Refunding Bonds $ 34,860.00 $ 43,270.00 $ 57,053.00 Interest & Sinking Fund Requirements - Waterworks & Sewer System and Electric Light & Power System Revenue Bonds - Series 1967 32,260.00 32,660.00 $ 34,860.00 $ 75,530.0o $ 89,713.00 $571,543.71 $653,949.71 $734,818.34 - 16 - ANNUAL BUDGET * * * * * * * * * * * PART IV * as * * . * CEMETERY FUND • CITY OF COLLEGE STATION BUDGET CEMETERY FUND Actual Estimated Proposed 1966-67 1967-68 1968-69 REVENUES: Sale of Property $ 4,722.38 $ 2,900.00 $ 2,900.00 Opening Graves 550.00 525.00 525.00 Donations 10.00 50.00 Interest on Bonds 533.35 600.00 700.00 $ 5,815.73 $ 4,025.00 $ 4,175.00 EXPENDITURES: ADMINISTRATIVE: Perpetual Care Fund Transfer $ 1,539.38 $ 870.00 $ 870.00 Capital Outlay 750.00 1,000.00 $ 1,539.38 $ 1,620.00 $ 1,870.00 MAINTENANCE: Labor $ 198.00 $ 1,000.00 $ 1,000.00 Landscaping 200.00 400.00 Equipment Expense $ 198.00 $ 1,200.00 $ 1,400.00 CONTINGENT FUND $ 4,078.35 $ 1,205.00 $ 905.00 $ 5,815.73 S 4,025.00 $ 4,175.00 - 17 - ANNUAL BUDGET PART V of * * * * STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIRE — MENTS FOR DEBT SERVICE CITY OF COLLEGE STATION STATEMENT OF INDEBTEDNESS AS OF JUNE 30, 1968 Original Interest Amount Payments 1968-69 Date Debt Rate Unpaid Interest Principal NOTES & CONTRACTS: University National Bank 1965 $ 37,000.00 4% $ 18,000.00 $ 720.00 $ 10,000.00 BONDS & WARRANTS: Waterworks & Sewer System & 2.75, 2.90, 3., Electric Light & Power 3.25, 3.50, 5.% System Revenue Refunding Bonds 1967 333,000.00 301,000.00 10,052.50 47,000.00 Waterworks & Sewer System & Electric Light & Power 3.60, 3.65, System Revenue Bonds - 4.25, 5.% Series 1967 1967 600,000.00 600,000.00 22,260.00 TOTAL PRESENT INDEBTEDNESS $970,000.00 $919,000.00 $ 33,032.50 $ 57,000.00 SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS & SEWER SYSTEM AND ELECTRIC LIGHT & POWER SYSTEM REVENUE REFUNDING BONDS $333,000 Issue dated February 1, 1967 Fiscal Bond Payment Annual Year No. Principal Interest Total 68 - 69 17 - 35 $ 47,000.00 $ 10,052.50 VY 57,052.50 69 - 70 36 - 48 17,000.00 8,077.50 25,077.50 70 - 71 49 - 62 18,000.00 7,602.50 25,602.50 71 - 72 63 - 76 14,000.00 7,070.00 21,070.00 72 - 73 77 - 90 14,000.00 6,655.00 20,655.00 73 - 74 91 - 104 14,000.00 6,215.00 20,215.00 74 - 75 105 - 119 15,000.00 5,775.00 20,775.00 75 - 76 120 - 134 15,000.00 5,305.00 20,305.00 76 - 77 135 - 149 15,000.00 4,835.00 19,835.00 77 - 78 150 - 165 16,000.00 4,365.00 20,365.00 78 - 79 166 - 182 17,000.00 3,865.00 20,865.00 79 - 80 183 - 199 17,000.00 3,300.00 20,300.00 80 - 81 200 - 217 18,000.00 2,735.00 20,735.00 81 - 82 218 - 235 18,000.00 2,137.50 20,137.50 82 - 83 236 - 258 23,000.00 1,540.00 24,540.00 83 - 84 259 - 281 23,000.00 770.00 23,770.00 $301,000.00 $ 80,300.00 381,300.00 - 19 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE WATERWORKS & SEWER SYSTEM AND ELECTRIC LIGHT & POWER SYSTEM REVENUE BONDS (SERIES 1967) $600,000 Issue dated February 1, 1967 Fiscal Bond Payment Annual Year No. Principal Interest Total 68 - 69 $ $ 22,260.00 $ 22,260.00 69 - 70 1 - 6 30,000.00 22,260.00 52,260.00 70 - 71 7 - 12 30,000.00 20,760.00 50,760.00 71 - 72 13 - 18 30,000.00 19,485.G0 49,485.00 72 - 73 19 - 24 30,000.00 18,405.00 48,405.00 73 - 74 25 - 30 30,000.00 17,325.00 47,325.00 74 - 75 31 - 36 30,000.00 16,245.00 46,245.00 75 - 76 37 - 42 30,000.00 15,165.00 45,165.0o 76 - 77 43 - 48 30,000.00 14,085.00 44,085.00 77 - 78 49 - 54 30,000.00 13,005.00 43,005.00 78 - 79 55 - 6o 30,000.00 11,925.00 41,925.00 79 - 80 61 - 66 30,000.00 10,845.00 40,845.00 80 - 81 67 - 72 30,000.00 9,765.00 39,765.00 81 - 82 73 - 78 30,000.00 8,685.00 38,685.00 82 - 83 79 - 84 30,000.00 7,605.00 37,605.00 83 - 84 85 - 90 30,000.00 6,525.00 36,525.00 84 - 85 91 - 96 30,000.00 5,445.0o 35,445.00 85 - 86 97 - 102 30,000.00 4,365.00 34,365.00 86 - 87 103 - 108 30,000.00 3,285.00 33,285.00 87 - 88 109 - 114 30,000.00 2,190.00 32,190.00 88 - 89 115 - 120 30,000.00 1,095.00 31,095.00 $600,000.00 $250,725.00 $850,725.00 - 20 - SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE GENERAL OBLIGATION BONDS (SERIES 1968) $840,000 Issue dated August 1, 1968 Fiscal Bond Payment Annual Year No. Principal Interest Total 68 - 69 S $ 69 - 70 58,807.50 58,807.50 70 - 71 1 - 3 15,000.00 38,755.00 53,755.00 71 - 72 4 - 7 20,000.00 37,705.00 57,705.00 72 - 73 8 - 11 20,000.00 36,505.00 56,505.00 73 - 74 12 - 15 20,000.00 35,305.G0 55,305.00 74 - 75 16 - 20 25,000.00 34,155.00 59,155.G0 75 - 76 21 - 25 25,000.00 33,055.00 58,055.00 76 - 77 26 - 30 25,000.00 31,955.U0 56,955.00 77 - 78 31 - 35 25,000.00 30,855.00 55,855.00 78 - 79 36 - 40 25,000.00 29,755.00 54,755.00 79 - 80 41 - 46 30,000.00 28,545.00 58,545.00 80 - 81 47 - 52 30,000.00 27,225.00 57,225.00 81 - 82 53 - 58 30,000.00 25,905.00 55,905.00 82 - 83 59 - 65 35,000.00 24,475.00 59,475.00 83 - 84 66 - 72 35,000.00 22,935.00 57,935.00 84 - 85 73 - 79 35,000.00 21,395.00 56,395.00 85 - 86 80 - 87 40,000.00 19,725.00 59,725.00 86 - 87 88 - 95 40,000.00 17,925.00 57,925.00 87 - 88 96 - 103 40,000.00 16,105.00 56,105.00 88 - 89 104 - 112 45,000.00 14,150.00 59,150.00 89 - 90 113 - 121 45,000.00 12,080.00 57,080.00 90 - 91 122 - 130 45,000.00 9,987.50 54,987.50 91 - 92 131 - 139 45,000.00 7,872.50 52,872.50 92 - 93 140 - 148 45,000.00 5,757.50 50,757.50 93 - 94 149 - 158 50,000.00 3,525.00 53,525.00 94 - 95 159 - 168 50,000.00 1,175.00 51,175.00 $840,000.00 $625,635.00 $1,465,635.00 - 21 - ORDINANCE NO. 579 AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION AND PROVIDING FOR THE INTEREST AND SINKING FUND FOR THE YEAR 1968-69 AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSE. BE IT ORDAINED by the City Council of the City of College Station, Texas: Section I. That there is hereby levied and there shall be collected for the use and support of the municipal government of the City of College Station, and to provide Interest and Sinking Fund for the year nineteen hundred and sixty-eight upon all property, real, personal and mixed, within the corporate limits of said city subject to taxation, a tax of One Dollar and Fifty Cents (41.50) on each One Hundred Dollar ($100.00) valuation of property, said tax being so levied and apportioned to the specific purpose herein set forth: (1) For the maintenance and support of the general government (General Fund), One Dollar and Nineteen Cents (S1.19) on each One Hundred Dollar (4100.00) valuation of property, and (2) For the interest and sinking fund, Thirty-One Cents (310) on each One Hundred Dollar (S100.00) valuation of property to be apportioned as follows: General Obligation Bonds, Voted 1968. Section II. There is hereby levied and there shall be collected from every person, firm, association, or corporation pursuing any occupation taxed by the General Laws of the State of Texas, an annual occupation tax equal in each instance to one-half of the State occupation tax, which said taxes shall be paid annually in advance except where otherwise provided by the State Laws, in which event the same may be paid as is provided by the State Law. Section III. All monies collected under this ordinance for the specific items therein named, shall be and the same are hereby appropriated and set apart for the specific purpose indicated in each item and the Assessor and Collector of Taxes, and the Director of Finance shall keep these accounts so as to readily and distinctly show the amount collected, the amounts expended and the amount on hand at any time, belonging to such funds. It is hereby made the duty of the Tax Assessor and Collector to deliver to the Director of Finance at the time of depositing any monies, a statement showing to what fund such deposit should be made and from what source received. All receipts for the City not specifically apportioned by this ordinance are hereby made payable to the General Fund of the C .ty. Section IV. That this ordinance shall take effect and be in force from and after its passage. PASSED AND APPROVED this the 24th day of June, 1968, A. D. APPROVED: S/D. A. Anderson Mayor ATTEST: S/Florence Neelley !assistant City Secretary - 22 ORDINANCE NO. 580 AN ORDINANCE ADOPTING A BUDGET FOR THE 1968-69 FISCAL YEAR AND AUTHORIZING EXPENDITURES AS THEREIN PROVIDED. BE IT ORDAINED by the City Council of the City of College Station, Texas: WHEREAS a proposed budget for the fiscal year, July 1, 1968 to June 30, 1969, was prepared and a public hearing held thereon as prescribed by law, now, THEREFORE, 1. The aforesaid proposed budget, a copy of which is attached hereto and made a part hereof, is hereby adopted. 2. Authorization is hereby granted for the expenditure of the sums under the respective items contained in said budget in accordance with the approved fiscal procedures of the City. Passed and approved this the 24th day of June, 1968, A. D. APPROVED: S/D. A. Anderson Mayor ATTEST: S/Florence Neelley Assistant City Secretary - 23 -