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Home My WebLink About1990 -1st Quarterly Financial ReportQUARTERLY FINANCIAL REPORT THREE MONTHS ENDING DECEMBER, 1990 Mr. Ron Ragland February 12, 1991 Page 2 INVESTMENTS: As of December 31, 1990, the City's investment portfolio consisted of the following: Bank Demand Accounts $ 198,600 0.6% TexPool 4,039,700 12.0 Insured Cert. of Deposit 50,000 0.1 U.S. Gov't Obligations 17,820,800 52.8 Government Agency Notes 11,638,700 34.5 TOTAL $33,747,800 100.0% At the end of the quarter, the weighted average rate of return on the portfolio was 7.68%. Interest rates have been generally in a downward trend for the past twelve months; current rates on short-term investments are now at their lowest levels in four years. Rate reductions have come as a direct result of Federal Reserve activity to stimulate the economy. To protect the portfolio from declining interest rates, maturities have been extended. Average weighted maturity in the portfolio at December 31, 1990 was 11.8 months. Total investment earnings for fiscal year 1991 will depend on interest rates over the balance of the fiscal year; however, earnings should reach the budgeted return of 7.5%. CASH -FLOW ANALYSIS: In cash -basis accounting, revenues are generally recorded in the month earned and expenditures, with the exception of payroll, generally recorded in the month following the true cost of operations. For that reason, expenditures on a cash basis are always understated. As an example, electric utility revenues show three months of operation, while wholesale power purchased reflects only two monthly payments. December power consumption will be paid for in January. GENERAL FUND: Sales Tax: Sales tax revenues will fluctuate with new development and with the health of the local economy. This revenue source for the City of College Station is also directly related to the level of enrollment at the University. Sales tax revenues have continued to be strong, reaching $4,184,100 for the calendar year ending 12/31/90, a 5.4% increase over the previous year (both years calculated at a one percent local rate for comparability). For the first quarter of 1991, revenues of $1,229,500 are near target to meet the annual budget of $5,800,000. Mr. Ron Ragland February 12, 1991 Page 3 Property Tax: Local property taxes tend to be a reasonably secure source for funding municipal operations and debt service. Property tax collections, on a direct comparison basis, are unchanged from last year. 90% of property tax revenues are received in the months of November -February while expenditures in the debt service fund are concentrated in February and August. UTILITY OPERATING FUNDS: Ongoing monitoring of utility revenues becomes an essential part of the budget process due to the effect of outside influences on revenues. Hot, dry summers and cold winters will tend to increase both water and electric consumption and related revenues, while a cool summer will depress revenues. The graphs of the utility funds included in this report plot actual year-to-date revenues against the historical annual distribution of budgeted revenues. Revenues below budgeted amounts for the year-to-date are not considered material at this point. As noted above, the large excess of revenues over expenditures in the electric utility fund is not an accurate representation. In the revenue/expenditure analysis for this utility, all items are on a cash basis except for the proration of annual debt service; the imbalance is caused by the difference between electric sales and wholesale power purchases. SANITATION/LANDFILL/BVSWMA FUNDS: The past year has seen many changes in the City's solid waste management system. The cities of College Station and Bryan joined together to form the Brazos Valley Solid Waste Management Agency (BVSWMA). That agency was in operation for the last five months of fiscal year 1990. College Station serves as the landfill operator under contract with BVSWMA and is paid by BVSWMA. Solid waste collection expenditures are up significantly, due to the payment of tipping fees to BVSWMA. CONTINGENCY FUNDS: Each year, the City budgets funds to cover unexpected costs which arise during the course of the year. An additional major use of contingency funds is to budget for the expenditure of funds received during the year but not reflected in the original budget. City charter does not provide for amending the budget to include these expenditures, even when revenues are available. Year-to-date contingency reports have been included at the back of this report for purposes of full disclosure. cc: Executive Staff Mayor & City Council GENERAL FUND REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) REVENUES: ACTUAL ACTUAL PERCENTAGE 1991 PERCENT 1990 1991 INCREASE ANNUAL OF ANNUAL (3 MONTHS) (3 MONTHS) (DECREASE) BUDGET BUDGET Sales Tax (1) $1,067,900 $1,229,500 15.10% $5,800,000 21.20% Property Tax (2) 794,800 651,700 (18.00) 1,465,800 44.50 Court Revenues 144,900 119,000 (17.90) 575,000 20.70 Parks & Recreation 22,400 26,300 17.40 351,300 7.50 Trf. In -lieu -of taxes 1,175,400 943,000 (19.80) 3,772,000 25.00 Transfer - Admin. 559,200 445,200 (20.40) 2,490,800 17.90 Miscellaneous 137,300 179,800 31.00 1,138,100 15.80 TOTAL REVENUES 3,901,900 3,594,500 (7.90) 15,593,000 23.10 EXPENDITURES: Police 786,800 865,600 10.00% 3,770,600 23.00% Fire 575,500 541,400 (5.90) 2,967,400 18.20 Public Services 295,800 291,900 (1.30) 2,155,100 13.50 Culture & Recreation 465,200 490,700 5.50 2,441,800 20.10 Development Services 275,900 279,700 1.40 1,234,500 22.70 Administration (3) 523,400 615,700 17.60 2,477,400 24.80 Fiscal & Human Res. 312,800 294,300 (5.90) 1,429,600 20.60 TOTAL EXPENDITURES 3,235,400 3,379,300 4.50 16,476,400 20.50 Unexpended Appropriations ($728,800) REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) $666,500 $215,200 ($154,600) (1) Local sales tax increased from 1% to 1-1/2%, effective with December 19W payments. (2) General fund property tax declined from 164 per $100 in 19N to 13.254 per $100 in 1991. (3) Includes non -departmental and contingency funds. REVENUES: Tax Receipts Center Rentals Miscellaneous TOTAL REVENUES EXPENDITURES: Center Operations Debt Service Chamber of Commerce Arts Council B/CS Athiethic Fed. Parks & Recreation Conf. Ctr.- Capital Contingency Trf: Wolfpen Creek TOTAL EXPENDITURES HOTEL/MOTEL TAX FUND REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) ACTUAL ACTUAL 1990 1991 (3 MONTHS) (3 MONTHS) $218,800 $252,700 11,400 12,100 2,100 1,200 232,300 266,000 PERCENTAGE 1991 INCREASE ANNUAL (DECREASE) BUDGET 15.5% $780,000 6.10 47,000 (42.90) 17,000 14.50 844,000 PERCENT OF ANNUAL BUDGET 32.40% 25.70 7.10 32.00 39,200 44,700 14.00 178,600 25.00 19,100 19,000 (0.50) 75,900 25.00 25,000 108,300 333.20 325,000 33.30 - 51,600 - 103,200 50.00 12,000 18,000 50.00 18,000 100.00 7,200 9,700 34.70 60,500 16.00 _ - 77,700 - - - - 25,000 - - - - 100,000 102,500 251,300 145.20 963,900 26.00 REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) $129,800 $14,700 ($119,900) DEBT SERVICE FUND REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) REVENUES: ACTUAL ACTUAL PERCENTAGE 1991 PERCENT 1990 1991 INCREASE ANNUAL OF ANNUAL (3 MONTHS) (3 MONTHS) (DECREASE) BUDGET BUDGET Property Tax (1) $1,527,900 $1,685,600 10.30% $2,964,300 57.10% Transfer from other funds 201,100 161,700 (19.60) 646,800 25.00 Investment Earnings 22,000 4,500 (79.50) 146,000 3.10 TOTAL REVENUES 1,751,000 1,851,800 5.80 3,7479100 49.00 EXPENDITURES: General Obligation Bonds: Principal - 200,000 - 2,465,000 8.10 Interest - 116,200 - 1,781,600 6.50 Certificate of Obligation: Principal - - - 142,900 - Interest - - - 84,E - Miscellaneous 3,500 2,800 (20.00) 15,000 18.70 TOTAL EXPENDITURES 3,500 319,000 9014.30 4,489,100 7.11 REVENUES IN EXCESS OF EXPENDITURES(DEFICIT) $1,747,500 $1,632,800 ($742,000) (1) Debt service property tax Increased from 24c per $100 valuation in 19N to 26.75c per $100 in 1991, offset by decrease In General Fund Property Tax. ELECTRIC FUND REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) REVENUES: ACTUAL ACTUAL PERCENTAGE 1991 PERCENT 1990 1991 INCREASE ANNUAL OF ANNUAL (3 MONTHS) (3 MONTHS) (DECREASE) BUDGET BUDGET Sale of Electricity (1) $6,712,200 $6,431,900 (4.20%) $28,344,000 22.69% Investment Earnings 91,400 20,000 (78.10) 696,000 2.87 Miscellaneous 117,200 108,500 (7.40) 418,700 25.91 TOTAL REVENUES 6,920,800 6,560,400 (5.20) 29,458,700 22.27 EXPENDITURES: Wholesale Power (2) 2,890,200 3,075,300 10.60 19,732,300 Electric Operations 54,300 38,600 (28.90) 262,400 Transmission & Distribution 339,700 377,900 11.30 2,492,200 Reimbursed Admin. & Transfer in -lieu of Taxes 991,300 829,600 (16.30) 3,318,100 Development Foundation 12,500 - - 50,000 Debt Service (Budget Proration) 238,000 238,000 0.00 951,800 Utility Billing 139,900 166,000 18.70 663,900 Capital Outlay 9,200 65,800 615.20 214,100 TOTAL EXPENDITURES 4,675,100 4,791,200 2.50 27,684,800 REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) $2,245,700 $1,769,200 $1,773,900 (1) Electric rates reduces by 4.65% in 1991, reflecting at reduction in General Fund Transfer and offset to water rate increase Three months electric sales. (2) Two months wholesale power purchases. 15.59 14.71 15.16 25.00 25.00 25.00 30.73 17.31 30000000 -- 25000000 - 20000000 15000000 5000000 W ELECTRIC REVENUE BUDGET VS ACTUAL OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP ❑ BUDGET IM ACTUAL - BUDGET / 12 WATER FUND REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) REVENUES: ACTUAL ACTUAL PERCENTAGE 1991 19W 1991 INCREASE ANNUAL (3 MONTHS) (3 MONTHS) (DECREASE) BUDGET Water Sales $1,214,200 $1,234,700 1.70% $4,995,000 Investment Earnings 5,000 - - 41,000 Miscellaneous 4,000 22,200 455.60 103,300 TOTAL REVENUES 1,223,200 1,256,900 2.80 5,139,300 EXPENDITURES: Water Production & Distribution 462,000 489,100 5.90 2,478,700 Reimbursed Admin.& Transfer in -lieu of Taxes 283,000 200,300 (29.20) 801,100 Debt Service (Budget Proration) 445,000 445,000 0.00 1,780,000 Utility Billing 67,700 80,300 18.60 321,300 Capital Outlay 4,800 8,100 68.80 100,700 TOTAL EXPENDITURES 1,262,500 1,222,800 (3.10) 5,481,800 REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) ($39,300) $34,100 ($342,500) (1) Water rates Increased by 10% in 1991, the fourth year of 5-year scheduled Increases to cost of service. PERCENT OF ANNUAL BUDGET 24.72% 21.49 24.47 19.73 25.00 25.00 24.99 8.04 22.30 5000000 -- 4500000 - 4000000 - 3500000 - 3000000 2500000 - 2000000 1500000 1000000 500000 0 WATER REVENUE BUDGET VS ACTUAL OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP ❑ BUDGET ACTUAL - BUDGET / 12 SEWER FUND REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) REVENUES: ACTUAL ACTUAL PERCENTAGE 1991 1990 1991 INCREASE ANNUAL (3 MONTHS) (3 MONTHS) (DECREASE) BUDGET Sewer Service Revenue (1) $943,700 $958,400 1.60% $3,793,300 Investment Earnings 4,400 2,500 (43.20) 60,000 Miscellaneous 2,600 17,000 553.90 83,800 TOTAL REVENUES 950,700 977,900 2.90 3,937,100 EXPENDITURES: Sewer Collection & Treatment 269,300 Reimbursed Admin. & Trf. in -lieu of Taxes 189,300 Debt Service (Budget Proration) 337,400 Utility Billing 11,300 Capital Outlay 300 TOTAL EXPENDITURES 807,600 REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) $143,100 (1) No changes to rate structure In 1991. 285,700 149,000 337,400 13,400 25,000 810,500 $167,400 PERCENT OF ANNUAL BUDGET 25.27% 4.17 20.29 24.84 6.10 1,930,300 14.80 (21.30) 596,100 25.00 0.00 18.60 8233.30 1,349,400 53,500 77,000 4,006,300 ($69,200) 25.00 25.00 32.47 20.23 4000000 -- 3500000 3000000 2500000 2000000 1500000 1000000 500000 0 SEWER REVENUE BUDGET VS ACTUAL OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP ❑ BUDGET ACTUAL - BUDGET / 12 REVENUES: Collection Landfill -City Owned Landfill Operator Fees Miscellaneous TOTAL REVENUES EXPENDITURES: Collection (1) Landfill -City Owned Landfill Operator Expenses Capital Outlay Administrative Transfer & Trf. in -lieu -of Taxes Contribution -Brazos Beautiful TOTAL EXPENDITURES_. Unexpended Appropriations REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) SANITATION & LANDFILL FUNDS REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) ACTUAL 1990 (3 MONTHS) $468,100 13,800 3,300 485,200 ACTUAL 1991 (3 MONTHS) $464, 200 174,200 51,600 690,000 184,300 463,500 64,300 - - 107,300 175,600 11,900 - 98,700 2,000 9,000 426,200 690,400 $59,000 ($400) PERCENTAGE INCREASE (DECREASE) 8.30% 1463.64 21.29 151.49 (93.22) 350.00 63.87 1991 ANNUAL BUDGET $1,885,000 580,300 170,100 2,635,400 1,666,300 492,900 109,500 458,800 9,000 2,736,500 (89, 500) ($11, 600) PERCENT OF ANNUAL BUDGET 24.63% 30.02 30.34 26.18 27.82 21.77 10.87 21.51 100.00 25.23 NOTE: BVSWMA started operations in May, 1990. City of College Station pays $15/ton tipping fee at landfill. City of College Station serves as landfill operator and is reimbursed for expenses. 2000000 -- 1800000 1600000 1400000 1200000 1000000 800000 600000 400000 200000 0 SANITATION REVENUE BUDGET VS ACTUAL OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP ❑ BUDGET ACTUAL - BUDGET / 12 BRAZOS VALLEY SOLID WASTE MANAGEMENT AGENCY REVENUE/EXPENDITURE ANALYSIS (CASH BASIS) FISCAL YEARS 1990 & 1991 (25% OF FISCAL YEAR) REVENUES: ACTUAL ACTUAL PERCENTAGE 1991 PERCENT 1990 1991 INCREASE ANNUAL OF ANNUAL (3 MONTHS) (3 MONTHS) (DECREASE) BUDGET BUDGET Landfill Charges - $430,900 - $1,710,000 25.20% Sale of Equipment - 42,900 - - - Miscellaneous - 3,100 - - - TOTAL REVENUES - 476,900 - 1,710,000 27.89 EXPENDITURES: Landfill Operator - 174,200 - 580,300 - State Disposal Fees - - - 57,500 - Improvements & Reserves - 44,000 - 516,000 8.53 Consultant Contracts - - - 100,000 - Debt Service - Notes - 93,400 - 186,800 50.00 Miscellaneous - 20,000 - 192,900 10.37 TOTAL EXPENDITURES - 331,600 - 1,633,500 - REVENUES IN EXCESS OF EXPENDITURES (DEFICIT) - $145,300 $76,500 Note: BVSWMA commenced operations in May, 1990. CITY OF COLLEGE STATION INVESTMENT MATURITY SCHEDULE DECEMBER 31, 19W MATURITY SETTLEMENT DESCRIPTION BROKER INTEREST RATE DATE. Daily Clearing Account N.C.N.B: A&M Daily Agency Fund 1st City Nat'l Bank -Houston Daily TexPool Fund -1st City TexPool 8.5240% Daily TexPool Fund -NCNB A&M TexPool 8.5240% 01-18-91 07/20/90 F.N.M.A. Disc Note (1,000K) First -Southwest 7.96% 100% Operating Funds CUSIP: 313588AT2 01-31-91 04/27/90 Treasury Note 9% (2,000K) Shearson -Lehman 8.62% 50% Operating Funds 50% Bond Funds 01-31-91 05/11/90 Treasury Note 9% (1,100K) Union Planters 8.34% 100% Operating Funds 02-11-91 12/29/89 F.N.MJL 6.90% ,1,035K) First Southwest 8.08% 100% Bond Funds 05-09-91 11/08/90 S.L.M.A. Floater (1,000K) First Tennessee 7.75% 100% Operating Funds CUSIP: 86387TBW7 05-16-91 12/19/90 F.N.M.A. Disc. Note (1,100K) First Tennessee 7.20% 100% Bond Funds CUSIP: 313588FR1 07-31-91 01/26/90 Treasury Note 7-3/4% (1,000K) Prudential --Bache 8.29% 100% Operating Funds AMOUNT $155,768.86 $42,818.82 $3,210,425.89 $829,252.63 $961,830.56 $2,005,000.00 $1,104,812.50 $1,022,062.50 $1,000,000.00 $1,068,796.67 $992,500.00 MATURITY SETTLEMENT DATE 08-15-91 2/1 /90 09-30-91 10/02/89 10/21/91 12/11/90 01-15-92 08/17/90 01-31-92 02/08/90 03-25-92 11/15/90 05-31-92 09/25/90 CITY OF COLLEGE STATION INVESTMENT MATURITY SCHEDULE DECEMBER 31, 1990 DESCRIPTION BROKER Treasury Note 83/4% (1.00OK) Union Planters 100% Operating Funds Treasury Note 8-3/8% (3,085K) 10096 Bond Funds F.F.C.B. 10.6% (1,OOOK) 100% Bond Funds CUSIP: 313311KH4 REFCORP Strip Coupon (1,500K) 100% Bond Funds CUSIP: 76116EDM9 Treasury Note 8-1/8% (1,OOOK) 100% Operating Funds F.H.L.B. 10% (1,200K) 100% Operating Funds CUSIP: Treasury Note 8-1/2% (2,000K) 50% Operating Funds 50% Bond Funds CUSIP: 912827YX4 INTEREST RATE 8.28% Prudential-Bache 8.49% First Southwest 7.31% Union Planters 8.22% First -Southwest 8.34% First Southwest 7.63% Prudential-Bache 8.11% AMOUNT $1,006,562.50 $3,078,733.59 $1,026,796.88 $14,722.22 $1,338,824.61 $996,015.63 $1,235,812.50 $16,666.67 $2,011,562.50 CITY OF COLLEGE STATION INVESTMENT MATURITY SCHEDULE DECEMBER 31, 1990 MATURITY SETTLEMENT DESCRIPTION BROKER INTEREST RATE DATE 06-10-92 10/01/90 F.N.MJL 10-1/8% (1,740K) First Southwest 8.06% 100% Operating Funds CUSIP: 313586SW0 8/10/92 12/11/90 F.N.M.A. Notes 7-3/4% (1,000K) Shearson -Lehman 7.41% 100% Bond Funds CUSIP: 313586G94 8/15/92 12/11/90 Treasury Notes 7-7/8% (1,O00K) Prudential -Bache 7.35% 100% Bond Funds CUSIP: 912827XV9 08-15-92 02/05/90 Treasury Notes 7-7/8% (2,000K) Prudential-Bache 8.39% 100% Bond Funds 11-02-92 11/02/90 Cert. of Deposit -1st City 1st City Nat'l Bank 7.90% 100% Cemetery Fund Houston 01-15-93 02/05/90 Treasury Note 8-3/4% (1,000K) Prudential-Bache 8.39% 100% Bonds Funds 02-15-93 08/31/90 Treasury Note 8-1/4% (1,600K) Prudential-Bache 8.21% 100% Operating Funds CUSIP: 912827VQ2 09-13-93 09/13/90 S.L.M.A. Notes 8.65% (500K) Union Planters 8.65% Call Date 09/13/91 100% Operating Funds CUSIP: 863871G138 AMOUNT $1,795,462.50 $1,005,156.25 $26,048.61 $1,007,968.75 $25,251.36 $1,976,718.75 $50,000.00 $1,009,218.75 $1,601,500.00 $5,739.13 $500,000.00 MATURITY SETTLEMENT DATE 10.12-93 08/01/90 11-15-93 11/15/90 CITY OF COLLEGE STATION INVESTMENT MATURITY SCHEDULE DECEMBER 31, 1990 DESCRIPTION F.N.M.A. NOTE 9.05% (1,OOOK) Index Sinking Fund Debenture 100% Operating Funds CUSIP: 313586SSS Treasury Note 7-3/4% (1,000K) 100% Bond Funds CUSIP: 9128272M7 BROKER Paine-Webber Shearson -Lehman INTEREST RATE AMOUNT 8.70% $626,539.06 7.78% $999,210.00 TOTAL $33,747,778.69 CITY OF COLLEGE STATION COLLATERAL RECONCILIATION DECEMBER 31, 1990 COLLATERAL BOOK COLLATERAL HELD: MARKET VALUE BALANCE I. N.C.N.B. TEXAS A&M BRANCH $2,000,000 $2,039,375.00 $155,768.86 Treasury Notes (+accrued interest) 9-1/8% 2-15-92 1.0196875 CUSIP 912827XD9 (12/31/90 WSJ) GENERAL FUND CONTINGENCY FISCAL YEAR - 1990/1991 'DATE DESCRIPTION DIVISION 0 ct-90 BEGINNING BALANCE - Oct-90 TILLER PURCHASE 5383 OVERHEAD PROJECTOR 1001 WOLF PEN CREEK CONCERT 5381 5383 6016 POSITION RECLASSIFICATION 6016 PRINTING ASSISTANT POSITION RECLASSIFICATION 3028 DEPUTY FINANCE DIRECTOR POSITION RECLASSIFICATION 4145 RECORDS SUPERVISOR Oct-90 ENDING BALANCE Nov-90 POSITION RECLASSIFICATION 4141 POLICE SERGEANTS 4142 4143 LEGAL SERVICES 1013 COLLEGE STATION SIGN BEDS 5384 FLOAT EXPENSES 6016 POLICE ACCREDITATION 4140 TUITION REIMBURSEMENT 3020 Nov-90 ENDING BALANCE Dec-90 PUBLIC EXECUTIVE INSTITUTE 1011 Dec-90 ENDING BALANCE STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE - 85,000 25,000 55,000 165,000 3,500 81,500 783 80,717 570 80,147 353 79,794 1,262 78,532 972 2,101 1,060 5,808 591 591 2,500 650 208 6,000 115 750 78,532 76,032 75,382 75,174 69,174 69,059 69,059 68,309 68,309 25,000 54,028 51,927 50,867 50,867 45,059 44,468 43,877 25,000 43,877 25,000 43,877 154,399 137,936 137,186 ELECTRIC FUND CONTINGENCY STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 FISCAL YEAR - 1990/1991 CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY DATE DESCRIPTION DIVISION TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE Oct-90 BEGINNING BALANCE - - 31,600 8,400 20,000 60,000 Oct-90 ENDING BALANCE 31,600 8,400 20,000 60,000 Nov-90 ENDING BALANCE 31,600 8,400 20,000 60,000 Dec-90 ENDING BALANCE 31,600 8,400 20,000 60,000 WATER FUND CONTINGENCY STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 FISCAL YEAR - 1990/1991 CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY DATE DESCRIPTION DIVISION TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE Oct-90 BEGINNING BALANCE - - 36,250 3,750 20,000 60,000 Oct-90 ENDING BALANCE 36,250 3,750 20,000 60,000 Nov-90 TUITION REIMBURSEMENT 5194 175 36,075 Nov-90 ENDING BALANCE 38,075 3,750 20,000 59,825 Dec-90 ENDING BALANCE 36,075 3,750 20,000 59,825 SEWER FUND CONTINGENCY STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 FISCAL YEAR-1990/1991 CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY DATE DESCRIPTION DIVISION TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE Oct-90 BEGINNING BALANCE - 33,000 7,000 20,000 60,000 Oct-90 ENDING BALANCE 33,000 7,000 20,000 60,000 Nov-90 ENDING BALANCE 33,000 7,000 20,000 60,000 Dec-90 ENDING BALANCE 33,000 7,000 20,000 60,000 UTILITY BILLING FUND CONTINGENCY FISCAL YEAR - 1990/1991 STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY DATE DESCRIPTION DIVISION TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE Oct-90 BEGINNING BALANCE - - 12,500 1,000 6,500 20,000 Oct-90 ENDORSER PURCHASE 6023 2,785 9,715 DESK CHAIR REPLACEMENT 6023 1,000 8,715 ADDS TERMINALS 6023 3,000 5,715 Oct-90 ENDING BALANCE 5,715 1,000 6,500 13,215 Nov-90 ENDING BALANCE 5,715 1,000 6,500 13,215 Dec-90 ENDING BALANCE 5,715 1,000 6,500 13,215 SOLID WASTE COLLECTION FUND CONTINGENCY STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 FISCAL YEAR - 1990/1991 DATE DESCRIPTION DIVISION Oct-90 BEGINNING BALANCE - Oct-90 ENDING BALANCE Nov-90 ENDING BALANCE Dec-90 ENDING BALANCE LANDFILL OPERATION FUND CONTINGENCY FISCAL YEAR - 1990/1991 DATE DESCRIPTION DIVISION Oct-90 BEGINNING BALANCE Oct-90 ENDING BALANCE Nov-90 ENDING BALANCE Dec-90 ENDING BALANCE CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE - 0 10,000 5,000 15,000 0 10,000 5,000 15,000 0 10,000 5,000 15,000 0 10,000 5,000 15,000 STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 CONTINGENCY RESERVED FOR TOTAL AMOUNT OF AVAILABLE FOR RESERVED FOR SALARY CONTINGENCY TRANSFER OTHER USES FUEL COSTS ADJUSTMENTS BALANCE - 0 10,000 51000 15,000 0 10,000 5,000 15,000 0 10,000 5,000 15,000 0 10,000 5,000 15,000 HOTEL/MOTEL FUND CONTINGENCY STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 FISCAL YEAR - 1990/1991 CONTINGENCY TOTAL AMOUNT OF AVAILABLE FOR CONTINGENCY DATE DESCRIPTION DIVISION TRANSFER OTHER USES BALANCE Oct-90 BEGINNING BALANCE - - 25,000 25,000 Oct-90 ENDING BALANCE 25,000 25,000 Nov-90 ENDING BALANCE 25,000 25,000 Dec-90 HISTORICAL PLAQUES NON-DEPT 3,525 21,475 Dec-90 ENDING BALANCE 21,475 21,475 CAPITAL EQUIPMENT FUND CONTINGENCY STATEMENT FOR MONTH ENDING DECEMBER 31, 1990 FISCAL YEAR - 1990/1991 CONTINGENCY TOTAL AMOUNT OF AVAILABLE FOR CONTINGENCY DATE DESCRIPTION DIVISION TRANSFER OTHER USES BALANCE Oct-90 BEGINNING BALANCE - - 45,000 45,000 Oct-90 ENDING BALANCE 45,000 45,000 Nov-90 MEMORY EXPANSION NON-DEPT 28,750 16,250 Nov-90 ENDING BALANCE 16,250 16,250 Dec-90 ENDING BALANCE 16,250 16,250 Page 1 sir_ .,.. of the Tnpa swy Your riame, address, employer identification number, and calendar t quarter of return. (If not correct, please change.? If address is different from prior return, check here ► ❑ Employer's Quarterly Federal Tax Return 4242 See Circular E for more information concerning Employment Tax Returns. Please type or print. 5—DIGIT ??840 RZ ?4-6000534 DEC90 S18 C CITY OF COLLEGE STATION BOX 9960 302 COLLEGE STATION TX ??840 L— N t� tY I 1 1 1 2 3 3 3 3 3 3 4 4 4 OMB No 154=, 00,9 Expires 5 31 91 T 1 FF FD FP 11 IT 5 5 5 6 7 8 8 8 8 8 8 9 9 9 10 10 10 10 10 10 10 10 10 10 If you do not have to file returns in the future, check here . . . 0- ❑ Date final wages paid . . . . 10� If you are a seasonal employer, see Seasonal employer on page 2 and check here . . . ► E la Number of employees (except household) employed in the pay period that includes March 12th ► I la b If you are a subsidiary corporation AND your parent corporation files a consolidated Form 1120,� enter parent corporation employer Identification number (EIN) . . ► 1 1b 1 — 2 Total wages and tips subject to withholding, plus other compensation . . . . . . . . . . 6. 1 2 1 3.099.630 83 3 Total Income tax withheld from wages, tips, pensions, annuities, sick pay, gambling, etc. . . . ► I 3 I 350,237 65 4 Adjustment of withheld income tax for preceding quarters of calendar year (see instructions) . , Op -I 4 I 5 Adjusted total of income tax withheld (line 3 as adjusted by line 4—see instructions) . . . . . . II I 5 I I 6 Taxable social security wages paid . . . . . $ 2 .9 4 9 .8 9 7 2 8 x 15.3% (.153) 16 I 4 51 .3 3 4 l 28 7a Taxable tips reported . . . . . . . $ x 15.3% (.153) 17a I 1 b 1"axable hospital insurance wages paid . . . . $ x 2.9% (.029). . . 1 7b I I 8 Total social security taxes (add lines 6, 7a, and 7b) . . . . . . . . . . . . . . . . . I 8 I 451 .3341 28 9 Adjustment of social security taxes (see Instructions for required explanation) . . . . . . . I 9 I 1 10 Adjusted total of social security to yes (line 8 as adjusted by line 9—see instructions) . . . . . • " 110 I 451 , 3 3 41 28 11 Backup withholding (see instructions) . . . . . I . . . . . . . . . . , 11 I 1 12 Adjustment of backup withholding tax 'or preceding quarters of calendar year . . . . . . . 0 12 1 1 13 Adjusted total of backup withholding (line 11 as adjusted by line 12) . , . , . . . , , 13 I 1 14 Total taxes (add lines 5, 10, and 13) . . . . . . . . . . . . . . . . . . . . . 1 14 1 801 .571 19 3 15 Advance earned Income credit (EIC) payments, if any . . . . . . . . . . . . . a 1 15 1 , 16 Net taxes (subtract line 15 from line 14). This must equal line IV below (plus line IV of Schedule A ��//,�oZ��/ (Form 941, if you have treated backup wlthho!r;,�g as a separate liability). . . . . . . . . 16 801 , 5711 93 17 Tet-. cepos.ts`or quarter, Including overpayment applied from a prior quarter, from your records . l 17 1 801 , 575176 18 Balar ..e due (s.DtraCt line 17 from Ilse 16). This should be less than $500. Pay to IRS , . . , r 118 i (3 1 83 ) 19 1' hr,e 17 is more than line '6 : enter overpayment here '' $ _3 83 and check if to - be A !ied to next return OR Record of Federal tax Liability (Complete if line 16 is $5vi o: r ire.) Seu ; e :n;;: „ctlons on page 4 for Ce:: : �^ be'c,r ` _ _'. rg ?^ese ;r :or,s using thr , ou a. F 3 - - h ` - I F'•st rr.c^tn of q�,arter I =--;nd most! of ouarter - -- Third month of q,;a"'e, ---' -- r 11st through 3rd I A 1 I 14 1 _! 4th through 7th I B I J I R 7 1.853. 94 11th 1 70.490. 06 I T 12th tnrc ,. ;" �D---�I— 1 3 4_ 93�9�__—!, L_; 61 .574. 75 S T 62 ,1 2 7. 30 o 7' to : rough =o I t l At U I — — 00 20th through 22nd F N i 71 .040. 06 V 1 I 72.527.82 z 23rd through 25th G 1 0 1 i W l o' 26th through the last H 1 1.3 4 _ 41 8. 7 9 1 P 61 . 4 2 0. 61 1 X 1 61 .725. 20 d l Total liability for month 1 1 j2 s1 R 1 _ 1 9 1 ll I 264,525. 48 I 111 I 268.234.26 1V Total for quarter (add lines 1, 11 nd 1/1 .This must equal line 16 above . . , . . , . . f 801 .571 . 93 Sign Under penalties of perjury, I declorelthat belief, it is true, correct. and co plet I halle . examined this return, including accompanying schedules and statements, and to the best of my knowledge and Here �� Signature ► C 0oRR HUMAN RESOURCESFISCp t/ Title I► 01 /21 /91 For Paperwork Reduction AcNotl e, see page 2. WILLIAM P. HARRISON 1133?82