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HomeMy WebLinkAboutAnnual Report and Budget (FY: 1967-1968)BUDGET OF THE CITY OF C O L L E G E S T A T I O N FISCAL YEAR JULY 1,1967 - JUNE 30, 1968 THE HOME OF TEXAS A&M UNIVERSITY 1 1 s 1 CITY OF COLLEGE S T A T I O N A N N U A L R E P O R T A N D B U D G E T F i s c a l Year 1 9 6 7- 6 8 TABLE OF CONTENTS PARS I City Officials Analysis of Tax Rate Analysis of Tax Levy Delinquent Taxes Estimate of Revenues and Expenditures Budget Summary of Revenues and Expenditures PART II GENERAL FUND Revenues Expenditures - Administrative Police and Fire Department Health and Street Department Miscellaneous and Recreation Retirement of Debt and Bonds and Warrants Part III UTILITY FUND Revenues Expenditures - Administrative Operation Maintenance and Repairs Sewage Treatment Capital Outlay Debt Service PART IV PAGE 1 2 3 4 5 6 7 8 A 10 11 12 13 13 14 14 15 15 16 CEMETERY FUND Revenues 17 Expenditures - Administrative 17 Maintenance and New Construction 17 TABLE OF CONTENTS (continued) PART V STATEMENT OF INDEBTEDNESS AND SCHEDULE OF REQUIREMENTS FOR DEBT SERVICE Statement of Indebtedness Schedule of Requirements for Debt Service Schedule of Requirements for Debt Service An Ordinance Adopting a Budget for the 1967 -68 Fiscal Year and Authorizing Expenditures as Therein Provided 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 1967 -68 and Apportioning Each Levy for the Specific Purpose PAGE 18 19 20 21 22 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, 1967 and ending June 30, 1968. This proposed budget is in the amount of $1,025,425.00. This is an increase of $80,500.00 over the 1966 -67 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 $18,000.00 based on 97% collection of an assessed valuation of $8,158,480►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 ten years. Other revenues will be increased in the amount of $12,000.00 due to increases in franchise tax, court fines, building permit fees, and garbage charge. The expenditures will be increased by $15,500.00 due to salary adjustments, additional office personnel, two additional police officers, full time engineer, and purchase of right -of -way for the extension of County Road from Glade Street to State Highway 6. cerned. At this time the city is free of debt as far as tax bonds are con- UTILITY FUND ELECTRIC, WATER AND SEWER The Electric Fund and Water and Sewer Fund have been budgeted sepa- rately since the city's incorporation. We are consolidating these funds into one Utility Fund in this budget. In the past the city has not been eligible for a national rating on its bonds by either Moody's Investors Service or Standard and Poor's Corporation. In combining the utility funds we have been placed in position to secure a rating which will reduce interest cost on revenue bonds. Recently we were assigned an "A" rating by Moody's Investors Service. The revenue in the Utility Fund will be increased $42,000.00 due to normal increase in the sales of electric power, water and sewage service charges. The expenditures will be increased by $65,000.00 due to the following items: (1) $13,000,00 additional power cost (2) $5 additional water cost (3) $43,000.00 interest and sinking fund requirements for Revenue Bonds Series 1967 (4) $4,000.00 salary adjustments and capital outlay in electric system. 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 City Manager I RB /f n 11 As do do i t 40 a A N N U A L B U D G E T P A R T I S U M M A R I E S CITY OF COLLEGE STATION CITY OFFICIALS Homer B. Adams Bill J. Cooley Charles F. Richar Phillip B. Goode Don Dillon Dr. T. 0. Walton, CITY COUNCIL D. A. Anderson, Mayor Robert R. Rhodes A. P. Boyett 0. M. Holt A. L. Rosprim dson City Secretary City Judge City Attorney Jr. City Health Officer - 1 - � \D � � OOL o� rn � \0 \0 � � \0 \0 � w r°v � o \0 OOL \-n v"', O4 -7 C)" O O O3 - O -j J 0 vi lv O . 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J W a4 O c+ �1 N W N N rn O O rn w O C:� rn 41 rn J w f O O 9 y C> O .O .0 .D .O .0 .D .O .O .D .O N r v, vi J fr rn rn rn 0` - j J J rn 'n H 3a L=J (D C C\ •D 0 H W W A w H' .O 04 Oa J w N rn N v O W O` Oa W C CD CZL H �w w O o .o oa rn rn rn w w w w `� 03 I-' rn N .O vt O oa \-n N N O IJ W F-' V1 \.n h' rn ON .O w J 00 W 0 �n 0a m 1- H O N .O 00 F-' N rn O O O Oa N -j rn w I-' Da rn O N TJ J v� .O •D v O O (D rn .o w \0 � oa - o %n - N 1 0 -Q (D sz n O .D .O 'D .D •0 .0 .O Vt �7 Da a4 .O .O .O .O .O •O .O .O .O 30 rn O1 17 In O 04 � N -7 N W N O Al) 00 w •0 N R. i-C (D w rn rn rn rn 0� rn rn rn rn rn rn rn rn 0 0 0 o O 0 0 0 0 0 0 0 0 �3 0 1 1 1 1 1 1 1 1 1 1 1 1 a w rn rn N\ rn C7\ rn a CT �lp v, 'In \-n J ON �_n W N ►-' O .O oa rn n O H H iC C'] O r r t� O t�7 H H H O Z - 3 - CITY OF COLLEGE STATION BUDGET DELINQUENT TAXES 1939 $ 16.98 1940 34.80 1941 27.52 1942 7.20 1943 5.50 1944 12 .4 0 1945 6.20 1946 8.75 1947 14.59 1948 18.09 1949 34.84 1950 36.00 1951 98.00 1952 119.75 1953 159.05 1954 225.58 1955 154.83 1956 164.38 1957 240.58 1958 357.92 1959 396.17 1960 478.72 1961 633.69 1962 740.95 1963 1,113.27 1964 1,093.19 1965 2,048.26 1966 4,573.65 $12,820.86 Less Reserve for Uncollectible Taxes 4,000.00 Taxes Receivable Net $ 8,820.86 - 4 - CITY OF COLLEGE STATION BUDGET ESTIMATED REVENUES & EXPENDITURES ALL FUNDS FISCAL YEAR 1967 - 1968 Fund General Utility Funds - Electric, Water & Sewer Cemetery Revenues 208,500.00 814,200.00 2,725.00 $ 1,025,425.00 Expenditures 397,670.00 625,030.00 2,725.00 $ 1, 02 5,4 2 5. 00 - 5 - CITY OF COLLEGE STATION BUDGET SUMMARY REVENUES & EXPENDITURES GENERAL FUND: Estimated 1966 -67 Proposed 1967 -68 Revenues Expenditures Revenues Expenditures Ad Valorem Tax $103,500.00 $ $ 121,500.00 $ All Other 74,825.00 87,000.00 Administrative 48,799.00 64,688.00 Police Department 56,910.00 69,000.00 Fire Department 18,228.00 18,228.00 Health & Sanitation Department 49,340.00 51,900.00 Street Department 139,010.00 123,650.00 Miscellaneous 17,600.00 20,100.00 Parks and Recreation 6,300.00 9,200.00 Equipment Replacement Fund 9,000.00 10,000.00 Contingent Fund 19,596.00 19,904.00 Retirement of Debts 17,595.00 11,000.00 TOTAL GENERAL FUND UTILITY FUNDS - ELECTRIC, WATER & SEWER: Administrative Operation Maintenance & Repairs Sewage Treatment ' Capital Outlay Debt Service TOTAL UTILITY FUNDS CEMETERY FUND: Administrative Operation Maintenance & Repairs TOTAL CEMETERY FUND $ 178,325.00 $ 382,378.00 $ 2 08,500.00 $ 397,670.00 $ $ 32,086.00 $ $ 33,172.00 771,987.00 341,050.00 814,200.00 361,420.00 72,145.00 76,300.00 13,000.00 14,100.00 68,514.72 64,500.00 32,928.00 75,538.00 $ 771,987.00 $ 559,723.72 $ 814,200.00 $ 625,030.00 $ 1,550.00 $ 1,550.00 2,725.00 2,725.00 1,175.00 1,175.00 $ 2,725.00 $ 2,725.00 $ 2,725.00 $ 2,725.00 $ 953,037.00 $ 944,826.72 $ 1,025,425.00 $ 1,025,425.00 - 6 - an an Im As do Am AM An ANNUAL B U D G E T P A R T I I GENERAL F U N D Am An do 40 AM as D E T A I L E D R E V E N U E S A N D E X P E N D I T U R E S CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual 1965 -66 REVENUES: Tax Revenue Tax Revenue Delinquent Penalty & Int. on Delinquent Taxes License Occupational Taxes Franchise Tax Animal Licenses & Pound Fee Court Fines Inspection Fees Building Permits Garbage Charge Miscellaneous Fees & Issuing Tax Certificates $ 92,223.93 1,730.90 509.99 121.04 624.90 11,643.84 680.00 10,876.00 1,374.00 3,570.00 28,864.59 1,205.28 264.00 $ 153,688.47 Estimated 1966 -67 $101,000.00 2,500.00 600.00 200.00 700.00 12,000.00 700.00 10,900.00 1,375.00 3,800.00 43,000.00 1,250.00 300.00 $ 178,325.00 Proposed 1967 -68 $119,000.00 2,500.00 600.00 200.00 800.00 12,600.00 700.00 11,000.00 1,400.00 4,000.00 54,000.00 1,300.00 400.00 $ 208,500.00 - 7 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual 1965 -66 EXPENDITURES: ADMINISTRATIVE: Mayor and Council Auditing and Legal Director of Finance City Manager Elections Corporation Court Expense Office Salaries Other Office Expense Tax Expense Car Expense Texas Municipal League Capital Outlay Engineering Telephone and Utilities Retirement and Social Security 211.52 1,164.90 2,300.00 4,000.00 202.69 1,200.00 3,000.00 1,978.54 235.45 119.09 595.50 1,970.84 22,494.11 526.46 4,844.30 $ 44,843.40 Estimated 1966 -67 300.00 1,175.00 2,415.00 4,134.00 175.00 1,800.00 6,000.00 2,000.00 600.00 100.00 600.00 1,000.00 23,000.00 600.00 4,900.00 $ 48,799.00 Proposed 1967 -68 $ 300.00 1,400.00 2,534.00 4,134.00 200.00 2,400.00 10,600.00 2,000.00 800.00 120.00 600.00 1,000.00 33,000.00 600.00 5,000.00 64,688.00 1W:m CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual 1965 -66 POLICE DEPARTMENT: Signs and Signals Auto Maintenance Chief of Police Salary Policemen Capital Outlay Miscellaneous and Uniforms Radio Service City's Share of School Patrolman FIRE DEPARTMENT: Payment to A & M University Cutting Grass & Trash Removal - Salaries & Equipment Expense Firemen's Salaries Insurance - Firemen and Fire Trucks Miscellaneous - Firemen's Training Fire Chief Salary Fire Plug Rental Alarm System Radio Dispatcher $ 12,567.43 5,761.99 6,300.00 24,312.50 2,300.00 3,170.14 78.81 337.50 $ 54,828.37 Estimated 1966 -67 $ 3,500.00 4,000.00 6,600.00 34,560.00 5,500.00 2,200.00 200.00 350.00 $ 56,910.00 Proposed 1967 -68 $ 2,500.00 4,000.00 6,600.00 47,650.00 5,500.00 2,200.00 200.00 350.00 69,000.00 $ 1,750.00 $ 1,500.00 $ 1,500.00 4,962.56 6,000.00 6,000.00 2 ,459. 00 2,200.00 2,200.00 619.00 400.00 400.00 400.00 3,660.00 3,660.00 100.00 100.00 100.00 600.00 600.00 3,768.00 3,768.00 10,290.56 18,228.00 $ 18,228.00 CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual 1965 -66 HEALTH & SANITATION DEPARTMENT: Contribution to County Health Unit Refuse Collection: Disposal Grounds Salaries Capital Outlay Mosquito Control Truck Expense Miscellaneous STREET DEPARTMENT: Maintenance & Repairs: Salaries Material Equipment Expense Warehouse Expense New Construction: Drainage - Bridges Capital Outlay City's Share of Paving Street Lighting Purchase of Right -of -way City's Participation - Jersey Street Improvement Estimated Proposed 1966 -67 1967 -68 $ 3,908.04 $ 6,000.00 $ 7,000.00 4,200.00 4 4,200.00 23,505.30 28,440.00 30,000.00 76,087.97 6,400.00 6,400.00 854.64 900.00 900.00 2 3,000.00 3,000.00 397.63 400.00 400.00 35,714.38 $ 49,340.00 $ 51,900.00 23,905.58 25,000.00 $ 25,900.00 10,489.14 10,000.00 15,000.00 6,458.30 6,500.00 6,500.00 246.89 250.00 250.00 4,524.16 2,000.00 2,000.00 3,000.00 2,000.00 2,000.00 76,087.97 60,000.00 60,000.00 354. 2,000.00 2,000.00 1,760.00 10,000.00 29,500.00 $ 125,066.67 $ 139,010.00 $ 123,650.00 - 10 - CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual 1965 -66 MISCELLANEOUS: City's Share of Library Expense Travel Insurance and Bonds Other Expense Brazos County Counseling Service Civil Defense & Miscellaneous Maintenance and Repairs Building & Custodian PARKS AND RECREATION: Maintenance and Utilities Parks Park Equipment Recreation Council EQUIPMENT REPLACEMENT FUND 400.00 1,731.36 3,410.21 1,400.00 6,000.00 1,100.00 Estimated Proposed 1966 -67 1967 -68 400.00 400.00 1,800.00 1,800.00 3,500.00 3,500.00 1,400.00 1,400.00 6,000.00 8,500.00 1,200.00 1,200.00 1,539.24 3,300.00 3000.00 $ 15,580.81 $ 17,600.00 $ 20,100.00 $ 1,430.75 $ 2,500.00 $ 5,000.00 3,500.00 3,800.00 4,200.00 $ 4,930.75 $ 6,300.00 $ 9,200.00 $ 4,800.00 $ 9,000.00 $ 10,000.00 CONTINGENT FUND $ $ 19,596.00 $ 19,904.00 mom CITY OF COLLEGE STATION BUDGET GENERAL FUND Actual Estimated Proposed 1965 -66 1966 -67 1967 -68 RETIREMENT OF DEBTS: Notes: University National Bank 10,000.00 10,000.00 $ 10 Interest - Notes 2,157.78 1,400.00 1,000.00 12,157.78 $ 11,400.00 $ 11,000.00 Water and Sewer (1946) $ 6,000.00 $ 6,000.00 $ Interest 360.00 180.00 Commission Expense 15.00 15.00 $ 6,375.00 $ 6,195.00 $ * 407 77 t'200 170 nn t107 A'7n nn - 12 - do i No do A N N U AL BUDGET P A R T I I I U T I L I T Y S E C T I O N EXPENDITURES: ADMINISTRATIVE: City Manager's Salary CITY OF COLLEGE STATION $ 8,266.00 8,266.00 Director of Finance Salary BUDGET 4,830.00 5,066.00 Audit and Legal UTILITY FUNDS 2,350.00 2,800.00 Telephone & Utilities ELECTRIC, WATER AND SEWER 3 4,000.00 Auto Expense Actual Estimated Proposed Capital Outlay 1965 -66 1966 -67 1967-68 REVENUES: 2,029.34 2,100.00 2,100.00 Electric Sales $498,658.56 $547,000.00 $575,000.00 Water Sales 119,483.15 154,000.00 162,000.00 Sewer Sales 43,933.75 54,000.00 60,000.00 Penalties 4,064.41 4,000.00 2,000.00 Temporary Electric Services 340.00 350.00 400.00 Pole Rental 2,565.00 2,637.00 2 Tapping Fees - Water & Sewer 12,367.00 10,000.00 12,000.00 0 681,411.87 $ 771,987.00 $ 814,200.00 EXPENDITURES: ADMINISTRATIVE: City Manager's Salary $ 8,000.00 $ 8,266.00 8,266.00 Director of Finance Salary 4,600.00 4,830.00 5,066.00 Audit and Legal 2,329.80 2,350.00 2,800.00 Telephone & Utilities 3,668.01 3 4,000.00 Auto Expense 238.64 240.00 240.00 Capital Outlay 3,988.20 2 2,000.00 Insurance 2,029.34 2,100.00 2,100.00 Office Supplies 3,957.64 4,000.00 4,000.00 Retirement 4,34 4,500.00 4,700.00 $ 33,158.28 $ 32,086.00 33,172.00 - 13 - OPERATION: Office Salaries Meter Reading Special Engineering Power Cost Water Cost Billing Cost MAINTENANCE & REPAIRS: Electric: Salaries Material Water & Sewer: Salaries Material - Water Material - Sewer Other Expense: Gas, Oil & Repairs Warehouse Expense Tapping Expense CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual 1965 -66 14,663.80 5,000.00 1,363.90 226,096.92 43,671.51 2y200.00 $ 292 0 996.13 $ 19,740.40 2,042.19 36,000.00 2,702.38 839.59 2,191.10 493.62 1,855.84 $ 65,865.12 Estimated Proposed 1966 -67 1967 -68 $ 17,400.00 $ 19,370.00 5,250.00 5,250.00 1,000.00 1,000.00 260,000.00 273,000.00 55,000.00 60,000.00 2,400.00 2,800.00 $ 341,050.00 $ 361,420.00 $ 21,600.00 $ 25,000.00 3,000.00 3,000.00 38,245.00 39,000.00 3,000.00 3,000.00 1 1,000.00 2,300.00 2,300.00 500.00 500.00 2,500.00 2,500.00 $ 72,145.00 $ 76,300.00 - 14 - - 15 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual Estimated Proposed 1965 -66 1966 -67 1967 -68 SEWAGE TREATMENT: Salaries 5,700.00 6,000.00 6,300.00 Sewer Rent - Bryan 3, 4,000.00 4,800.00 Maintenance: Building, Grounds & Equipment 401.79 1,200.00 1,200.00 Utilities 1,727.76 1,800.00 1 11,124.18 $ 13,000.00 $ 14,100.00 CAPITAL OUTLAY: Electric: Material $ 14,279.43 15,000.00 15,000.00 Meters 8,008.97 8,000.00 8,000.00 Transformers 12,238.70 15,000.00 17,000.00 General Equipment Water: Salaries & Material 12,572.29 8,000.00 5,000.00 Meters 10,216.95 10,000.00 10,000.00 Sewer: Salaries and Material 7,709.59 5,000.00 5,000.00 General Equipment 7,514.72 4,500.00 65,025.93 68,514.72 64,500.00 - 15 - CITY OF COLLEGE STATION BUDGET UTILITY FUNDS ELECTRIC, WATER AND SEWER Actual 1965 -66 DEBT SERVICE: Interest & Sinking Fund Requirements - Waterworks & Sewer System and Electric Light & Power System Revenue Refunding Bonds $ 32,689.00 Interest & Sinking Fund Requirements - Waterworks & Sewer System and Electric Light & Power System Revenue Bonds - Series 1967 32,689.00 $ 500,858.64 Estimated Proposed 1966 -67 1967 -68 $ 32,928.00 $ 43,278.00 $ 32,928.00 $ 559,723.72 32,260.00 9t. 7{ rest nn dlt,oc nln nn - 16 - APTNUAL B UDGET It * x * * * * it * If 3: P A R T I V CEMETERY F U N U CITY OF COLLEGE STATION BUDGET CEMETERY FUND Actual 1965 -66 REVENUES: Sale of Property Opening Graves Donations Interest on Bonds EXPENDITURES: ADMINISTRATIVE: Perpetual Care Fund Transfer Capital Outlay MAINTENANCE: Labor Landscaping Equipment Expense $ 1,562.50 507,50 2500 459.74 $ 2,554.74 $ 542.85 $ 542.85 $ 14.00 $ 14.00 $ 556.85 Estimated 1966 -67 $ 1,600.00 600.00 25.00 500.00 $ 2,725.00 $ 550.00 1,000.00 $ 1,550.00 $ 775.00 400.00 $ 1,175.00 d! 0 • 709 nn Proposed 1967 -68 $ 1,600.00 600.00 25.00 $ 2,725.00 $ 550.00 1,000.00 $ 775.00 400.00 $ 1,175.00 $ 2,725.00 - 17 - dW AM an s do s dw A TT nr r7 r, 7 n rr n n r m # # # # # # # # # # # # P A R T V # # # # # s S T A T E M E N T OF I N D E B T E D N E S S AND S C H E D U L E OF RE Q U I RE— M E N T S FOR D E B T SERVICE s W ea. 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W 'tJ � v v� v N• O O 00 0 � O O O O N• � 1 0 O O 00 v CO O O 00 N -lg - 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 67 - 68 1 - 16 32,000.00 $11,277.50 $ 43,277.50 68 - 69 17 - 35 47,000.00 10,052.50 57,052.50 69 - 70 36 - 48 17,000.00 8 25,077.50 70 - 71 49 - 62 18,000.00 7,602.50 25,602.50 71 - ?2 63 - 76 14,000.00 7,070.00 21,070.00 72 - 73 77 - 90 14,000.00 6 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 20000.00 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 24040.00 83 - 84 259 - 281 23,000.00 770.00 23,770.00 $333,000.00 $91,577.50 $424,577.50 - 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 67 - 68 $ $22,260.00 $ 22i260.00 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 19,485.00 49,4 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 45,165.00 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 - 60 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 5,445.00 3%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 $272,985.00 $872,985.00 - 20 - ORDINANCE NO. 525 AN ORDINANCE ADOPTING A BUDGET FOR THE 1967 -68 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, 1967 to June 30, 1968, 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 26th day of June, 1967, A. D. APPROVED: SID. A. Anderson Mayor ATTEST: S /Florence Neelley ' Assistant City Secretary - 21 - ORDINANCE NO. 526 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 1967 -68 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 - seven 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 (1.50) on each One Hundred Dollar ($100.00) valuation of property, said tax being so levied and apportioned to the specific purpose herein set forth: For the maintenance and support of the general government (General Fund), One Dollar and Fifty Cents ($1.50) on each One Hundred Dollar ($100.00) valuation of property. 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 deposit- ing 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 City. Section IV. That this ordinance shall take effect and be in force from and after its passage. PASSED AND APPROVED this the 26th day of June, 1967, A. D. APPROVED: SID. A. Anderson Mayor ATTEST: S/Florence Neelley Assistant City Secretary - 22 -