HomeMy WebLinkAboutFY 1990 Comprehensive Annual Financial ReportTHE CITY OF
EULESS
Comprehensive Annual
Financial Report
for Fiscal Year Ended 9-30-90
CITY OF EULESS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1990
CITY OFFICIALS
HAROLD D. SAMUELS, Mayor
FRANK DOUGLASS, Councilmember Place One
BOB EDEN, Councilmember Place Two
and Mayor Pro Tem
BOBBY BAKER, Councilmember Place Three
MARY LIB SALEH, Councilmember Place Four
PETER STAKS, Councilmember Place Five
TOM HART
City Manager
H. KAY GODBEY, CMC/AAE
Assistant City Manager
DEBRA B. FORTE'
Fiscal and Human Resources Director
I
CITY OF EULESS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year ended September 30, 1990
TABLE OF CONTENTS
INTRODUCTORY SECTION
Exhibit Page(s)
Title page I
Table of contents II-V
Letter of transmittal VI -XI
GFOA certificate of achievement XII
Organizational chart XIII
FINANCIAL SECTION
Report of independent auditors
General Purpose Financial Statements
Combined balance sheet - all fund types and
account groups
1-2
1 3-4
Combined statement of revenues, expenditures
and changes in fund balances - all govern-
mental fund types 2 5-6
Combined statement of revenues, expenditures
and changes in fund balances - budget and
actual - General Fund 3 7-8
Combined statement of revenues, expenses and
changes in retained earnings - All
Proprietary Fund Types 4 9
Combined statement of cash flows - All
Proprietary Fund Types 5 10
Notes to financial statements 11-28
II
CITY OF EULESS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year ended September 30, 1990
TABLE OF CONTENTS, Continued
Schedule/
Statement Page(s)
Supplemental statements and schedules
Special revenue funds
Combining balance sheet A-1 30
Combining statement of revenues, expen-
ditures and changes in fund balances A-2 31
Capital projects funds
Combining balance sheet B-1 33
Combining statement of revenues, expen-
ditures and changes in fund balances B-2 34
Water and sewer enterprise fund
Comparative balance sheets C-1 36-37
Comparative schedules of operating
expenses C-2 38-39
Comparative statements of cash flows C-3 40-41
Aggregating schedule of balance
sheet accounts C-4 42-43
Aggregating schedule of revenues,
expenses and changes in retained
earnings accounts C-5 44
III
CITY OF EULESS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year ended September 30, 1990
TABLE OF CONTENTS, Continued
Internal service funds
Combining balance sheet
Schedule/
Statement Page(s)
D-1 46
Combining statement of revenues,
expenses and changes in retained
earnings D-2
Combining statement of cash flows D-3
General fixed assets account group
47
48
Comparative schedules of general fixed
assets by source E-1 50
Schedule of general fixed assets by
function and activity E-2 51
Schedule of changes in general fixed
assets by function and activity E-3 52
Table Page(s)
STATISTICAL SECTION (Unaudited)
General governmental expenditures by function 1 53
General governmental revenues by source 2 54
Property tax levies and collections 3 55
Assessed and estimated actual value of
taxable property 4 56
IV
CITY OF EULESS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
Year ended September 30, 1990
TABLE OF CONTENTS, Continued
Table Page(s)
Property tax rates - direct and overlapping
governments (per $100 of assessed value) 5 57
Principal taxpayers 6 58
Computation of legal debt margin 7 59
Ratio of net general bonded debt to assessed
value and net bonded debt per capita 8 60
Ratio of annual debt service expenditures
for general obligation bonded debt to
total general expenditures 9 61
Computation of direct and overlapping debt 10 62
Revenue bond coverage - Water and Sewer Bonds 11 63
Demographic statistics 12 64
Property value, construction and bank
deposits 13 65
Retirement plan - analysis of funding
progress 14 66
Miscellaneous statistics 15 67-68
T H E CITY O F
EULESS
December 27, 1990
Honorable Mayor & City Council,
City Manager, &
Citizens of Euless:
The comprehensive annual financial report of the City of Euless, Texas (the
"City") for the fiscal year ended September 30, 1990, is hereby submitted.
Responsibility for both the accuracy of the data, and the completeness and
fairness of the presentation, including all disclosures, rests with the City.
To the best of our knowledge and belief, the enclosed data is accurate in all
material respects and are reported in a manner designed to present fairly the
financial position, results of operations, and cash flows of the various funds
and account groups of the City. All disclosures necessary to enable the
reader to gain an understanding of the City's financial activities have been
included.
The comprehensive annual financial report is presented in three sections:
introductory, financial and statistical. The introductory section includes
this transmittal letter, the City's organizational chart and a list of
principal officials. The financial section includes the general purpose
financial statements and supplemental statements and schedules, as well as the
report of independent auditors on the financial statements and supplemental
statements and schedules. The statistical section includes selected financial
and demographic information, generally presented on a multiyear• basis.
The City provides to its citizens those services which have proven to be
necessary and which can be provided by the City at the least cost. Included
in these services under general government and proprietary funds are
traditional city functions such as police and fire protection, emergency
ambulance service, road and traffic signal maintenance, water and sewer
operations, parks and recreational facilities, courts, and library services.
Other services include planning land use, building inspection, and traffic
control. Internal services of the City include Insurance, Risk Management,
and Equipment Replacement.
All funds and account groups are discussed in depth in the notes to the
financial statements. Even though associations with other entities such as
Hurst -Euless -Bedford Independent School District exist, the City Council has
no oversight, responsibility, or control over the school district or the other
entitities referred to in Note 1 of the financial statements. Accordingly,
financial data for the school district and others are not included in the
combined financial statements in this report,
201 N. Ector Drive, Euless, Texas 76039-3595
817/685-1400 • Metro 817/267-4403 • FAX 817/685-1416
VI
ECONOMIC CONDITICNS AND OUTLOOK
Euless was settled about 1881 and reamed for Elisha Adams Euless, a cotton
farmer and pioneer. In 1915 the population was 25 and in 1960, 4235. Euless
has changed significantly from a rural farming community to a progressive
urban area of approximately 40,000.
The City of Euless is located in Northeast Tarrant County directly between the
cities of Dallas and Fort Worth. Euless is also adjacent to the world's
largest and second busiest airport --Dallas/Fort Worth International. The
economic condition of Euless continues to be one of cautious optimism.
The aggressive growth in the Euless area is projected to continue into the
1990's. The proposed expansion plans at Dallas/Fort Worth Airport should have
a positive impact for North Texas, but will create some unique challenges for
government officials in Euless. However, the varied types of economic growth
in and around the Euless area will enable city officials to provide a better
level of service and quality of life to both our corporate and residential
citizens. As our motto says, "We're Building a Beautiful Tomorrow".
MAJOR INITIATIVE
Budget. In preparing the 1990 fiscal budget, city officials identified and
addressed several key programs needed to adequately serve the public, either
through quality of life issues or technological advancements. Strategic
committees were created utilizing a vast number of citizens for assistance in
the development of Euless' goals and objectives.
Many other City departments maintain progressive and innovative approaches to
the functions of their related responsibilities. Computerization has assisted
in accommodating growth. Police, Fire, and Emergency Medical Service have
installed a computer aided Dispatch System. Engineering, Inspections and
various field operations have also benefitted from technology advancements.
No longer is the Finance Department the sole benefactor of computerization.
Future plans include continued application of such dynamic systems and cost
savings.
Future. Probably the one area that most cities fail to address properly is
infrastructure maintenance. The City has implemented a Geographic Information
System (GIS) to acquire a better knowledge regarding the City's vast infra-
structure inventory. The GIB is a computerized process that enables cities to
address any, or all, geographic areas within a city and connect various types
of information to a specific area. A geographic area may be an intersection,
a house, or a particular room in a building. The City will soon have a
complete inventory of all water and sewer lines, as well as streets, drainage
and other infrastructure items, and be able to generate maintenance schedules,
replacement dates, etc. The applications for GIB transcend all City
departments.
VII
FINANCIAL INFORMATION
General. Management of the City is responsible for establishing and
maintaining an internal control structure designed to ensure that the City's
assets 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 evaluation of costs and benefits
requires estimates and judgments by management.
The City's accounting records for the Water and Sewer Enterprise and Internal
Service Funds are maintained on an accrual basis whereby revenues and expenses
are recorded in the accounting period in which they are earned or incurred.
The remainder of the City's funds are maintained on the modified accrual basis
whereby revenue is recorded when measurable and available and expenditures are
recorded when the liability is incurred except for interest on general
long-term debt, which is recognized when due.
As set forth in the City's charter Article VII Sections 2-9, the City Council
adopts an annual budget. Detail control is accomplished by maintaining
expenditures by line item account within each operating department within each
operating fund at the authorization of the City Manager. Financial reports
are available to division managers monthly.
Further explanations of the basis of accounting for all fund types and the
City's budgetary controls are furnished in the accompanying Notes to Financial
Statements.
Accounting Change. The City changed the method of application of certain
,accounting principles as described further in Note 8 of the Financial
statements.
General Governmental Functions. Revenues for general governmental func-
tions and general debt service totaled $10,983,000 in 1990, an increase of
3.61 percent over 1989. The increase in revenues is primarily attributable to
increased general property tax rates and increased fines and fees. The amount
of revenue from various sources and the changes from the previous year are
reflected in the following table:
Revenue Source
Property taxes
Gross receipts taxes
General sales taxes
Fines and fees
Licenses and permits
Interest income
Intergovernmental/Other
Amount
$ 5,306,321
1,197,143
2,025,776
1,158,986
290,944
414,295
589,535
Percent
% of total
48.31%
10.90
18.45
10.55
2.65
3.77
5.37
Increase Percent of
(decrease) increase
from 1989 (decrease)
$189,141 3.70%
56,211 4.93
(110,765) (5.18)
254,748 28.17
68,520 30.81
(5,650) (1.35)
(69,527) (10.55)
$10,983,000
100.00%
VIII
$382,678
In ,addition to the above general revenue, $349,907 was transferred from the
Water and Sewer Enterprise Fund to the General Fund.
Expenditures for general governmental purposes and general debt service
totaled $11,578,833 an increase of 6.73 percent over 1989. Changes in levels
of expenditures for major functions of the City over the preceding year are
shown in the following table:
Function
General government
Public safety
Streets
Library
Parks & Recreation
Debt retirement
Debt interest/fees
Nondepartmental
Total Expenses
Percent
Amount % of total
$ 1,535,020 13.26%
5,633,042 48.65
541,013 4.67
355,934 3.07
1,016,028 8.77
639,281 5.52
847,136 7.32
1,011,379
8.74
$11,578,833 100.00%
Increase Percent of
(decrease) increase
from 1989 (decrease)
$ 149,833 10.82%
(10,769) (.19)
60,291 12.54
(5,483) (1.52)
45,395 4.68
49,939 8.47
78,789 10.25
362,518 53.52
$ 730,513
The increase in general government expenditures is due primarily to increased
expenditures for increased personnel, building maintenance, and equipment
replacement in the current year. The increase in streets is due primarily to
increased expenditures for equipment replacement in the current year. The
increase in bonded debt interest and fees is due primarily to issuance of
$1,500,000 in certificates of obligation in the prior year. Increases in
nondepartmental expenditures are due primarily to fees paid in connection with
the pending Dallas -Fort Worth Airport litigation as well as increased
expenditures for utilities.
property taxes
48.31
interest inoorne
3.77
gross reoslpts
10.3
Int rno%lel/other
5.37
firms/foss
10.55
debt Interest/tees
7.32
nondepar t mental
8.74
library
3.07
streets
4.87
general
sales tax 13.20
tB.46
lioenses/permits
2.65
debt retirement
5.52
storks/recreation
8,77
public, solely
48.86
IX
Water and Sewer Enterprise Fund. The City's water and sewer utility showed
a gain in water and sewer service revenues and in number of customers in the
current year. Comparative data for the past two fiscal years are presented in
the following table and an accounting change is explained in Note 8 to the
Financial Statements.
Income (loss) before cumulative effect of
change in accounting method
Net revenue available for debt service
Debt service requirements
Coverage
1990 1989
$(211,061) $ 8,263
$1,263,172 $1,892,520
$ 647,288
1.95 times
$ 657,301
2.88 times
Debt Administration. General obligation debt, which is directly tax
supported, totaled $12,836,159 at September 30, 1990. Certain ratios are
useful indicators of the City's debt position for municipal management,
citizens and investors. These data for the City follow: Net bonded debt -
$12,243,552; Ratio of net bonded debt to assessved value - 1.13; and net
bonded debt per capita - $298.
Revenue bonds, which are secured by the net revenues of the Water and Sewer
Enterprise Fund, totaled $4,615,000 at September 30, 1990. Tables 8-11 in the
Statistical Section of this report present more detailed information about the
debt position of the City.
The City has maintained its A+ and A Ratings on general obligation and revenue
debt from Standard and Poors and has maintained its A-1 and A Ratings on
this debt from Moody's Investors Service.
Cash Management. Compliance, safety, liquidity and yield are the program
goals. Safety and security of the City's funds are of primary importance in
all investment activities, with staff following policies and laws when
investing funds. Interest income generated for the year for all funds was
$892,828, which exceeded the budget of $600,000. The average yield for the
portfolio was 7.97%, exceeding the benchmark yield by approximately 17 basis
points. Interest is an important non -tax revenue for the City. As of
September 30, for every $1 the City had to invest, approximately 97.82 cents
was invested.
Insurance and Benefits. The City provides employee medical coverage on a
self -insured basis. Premiums are paid into a separate Insurance Fund by all
other funds and by the City's employees and are available to pay claims, claim
reserves and administrative costs of the program. An excess coverage insur-
ance policy covers individual claims in excess of $45,000.
The City maintains self-insurance for workmen's compensation. Contributions
are made to a separate workmen's compensation fund by other funds and are
available to pay claims, claims reserves and administrative costs of the
program. An excess coverage insurance policy covers individual claims in
excess of $300,000.
GENERAL FIXED ASSETS
The general fixed assets of the City are those fixed assets used in the
performance of general governmental functions and exclude the fixed assets of
the Water and Sewer Enterprise Fund. As of September 30, 1990, the general
fixed assets of the City amounted to $9,902,631. This amount represents the
original cost of the assets and is considerably less than their replacement
value. Depreciation of general fixed assets is not recognized in the City's
accounting system.
OTHER INFORMATION
Independent Audit. The City Charter per Article VII Section 11 requires an
annual audit to be made of the books of account, financial records and trans-
actions of all administrative departments of the City by a certified public
accounting firm. This requirement has been complied with and the report of
independent auditors has been included in this report.
Award. 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 for its comprehensive annual financial report
for the fiscal year ended September 30, 1989. The Certificate of Achievement
is the highest form of recognition given in the area of government reporting
by the GFOA. In order to be awarded a Certificate of Achievement, the City
published an easily readable and efficiently organized comprehensive annual
financial report whose contents conform to program standards. Such reports
must satisfy both generally accepted accounting principles and applicable
legal requirements.
A Certificate of Achievement is valid for a period of one year only. We
believe that our current comprehensive annual financial report continues to
meet the Certificate of Achievement Program's requirements and we are submit-
ting it to the GFOA to determine its eligibility for another certificate.
Acknowledgements. The preparation of this report on a timely basis could
not be accomplished without the efficient and dedicated services of many
individuals. I would like to express my appreciation to all members of the
Finance Department who assisted and contributed to its preparation.
Appreciation is expressed to employees throughout the organization, especially
those instrumental in the successful completion of this report. I would also
like to thank the City Manager's Office and the members of the City Council
for their interest and support in planning and conducting the financial
operations of the City in a responsible and progressive manner.
Acknowledgement is also given to the representatives of Ernst & Young for
their invaluable assistance in producing the document.
Respectfully submitte
r
Debra B. Forte'
Director of Fiscal & Human Resources
XI
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Euless,
Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1989
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 (CAFR's) achieve the highest
standards in government accounting
and financial reporting.
/2.. het..._
President
y#,,/,
Executive Director
XII
City Manage --
City
Attorney
Bob McFarland
Director of
Fiscal an Human
Resources
Debra Forte'
Accounting
Data Processing
Water Office
Budget
Municipal Courts
Personnel
Health Insurance
Worker's Comp.
Cash/Debt Mgmt.
Director of
Streets and
Utilities
Randy Byers
Water
Waste Water
Streets
Drainage
City
Judge
George Boring
Police
Chief
K. B. Fuller
Administration
Patrol
Criminal Invest.
Service
Civil Defense
CITY OF EULESS
Citizens
of
Euless
Mayor and
City Council
City
Manager
Tom Hart
Assistant
City Manager
H. Kay Godbey
Fire
Chief
Lee Koontz
Administration
Suppression
Ambulance
Fire Education
City
Secretary
Susan Crim
Asst. to CM/
Eco. Dev. Dir.
Steve Norwood
Director of
Community
Services
Rick Herold
Parks
Leisure Services
Library
Beautification
Revised: 11 /8/90 T. Hill
Court
Clerk
Teresa Britt
Director of
Administrative
Service
Tom Cox
Director of
Development
John Craig
Fleet Mngmt. Inspection
Facility Mngmt. Services
Purchasing Environmental
Telecommun. Health
Contract Mngmt. Fire Marshall
Construction Engineering
Management Planning
Traffic Safety Fire Prevention
Risk Mngmt.
121 ERNST & YOUNG
■ 2200 Team Bank Building
500 Throckmorton
Fort Worth, Texas 76102
REPORT OF INDEPENDENT AUDITORS
The Honorable Mayor and City Council
City of Euless, Texas
■ Phone: 817 335 1900
Fax: 817 335 5603
Telex: 758521
We have audited the accompanying general purpose financial statements
of the City of Euless, Texas (the "City") as of September 30, 1990,
and for the year then ended, as listed in the 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 finan-
cial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to
above present fairly, in all material respects, the financial position
of the City at September 30, 1990, and the results of its operations
and the cash flows of its proprietary fund types for the year then
ended, in conformity with generally accepted accounting principles.
As described in Note 8 to the financial statements, the City has
changed its methods of accounting for certain contributions made by
developers, for payments made under a contract to provide supplemental
water and sewage treatment services and for depreciation applicable to
assets acquired with contributed capital.
Our audit has been made primarily for the purpose of expressing an
opinion on the basic general purpose financial statements taken as a
whole. The accompanying other financial information listed as supple-
mental statements and schedules in the table of contents is presented
for purposes of additional analysis and is not a required part of the
basic general purpose financial statements of the City. Such other
financial information has been subjected to the procedures applied in
-1-
the audit of the basic general purpose financial statements and, in
our opinion, is fairly stated in all material respects in relation to
the basic general purpose financial statements taken as a whole. The
statistical information listed in the statistical section of the table
of contents (tables 1-15) has not been subjected to the procedures
applied in our audit of the basic general purpose financial state-
ments, and, accordingly, we express no opinion on it.
iLrw-t f tvst
November 6, 1990
ASSETS AND OTHER DEBITS
Cash and cash equivalents --
Note 2
Short-term investments --Note 2
Receivables:
Delinquent property taxes, net
of allowance for doubtful
collections of $150,400
Accounts receivable
Unbilled water and sewer revenue
Deposits
Accrued interest receivable
Due from other funds --Note 9
Due from other governments
Inventories, at cost
Restricted assets --Notes 3 and 4
General fixed assets --Note 6
Net utility plant and equipment
in service --Note 6
Capitalized water and sewer
facility contract rights less
accumulated amortization --Note 8
Amount available for retirement
of general long-term debt
Amount to be provided for retire-
ment of general long-term debt
TOTAL ASSETS AND OTHER DEBITS
General
Fund
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
September 30, 1990
With comparative totals for September 30, 1989
Governmental Fund Types
Special
Revenue
Funds
$ 520,448 $ 36,622
1,234,570 87,336 458,155 2,722,605
127,642
24,059
8,628
103,014
228,031
135,913
5,717
$2,388,022 $123,958
51,681
5,778
Debt Capital
Service Projects
Fund Funds
Proprietary
Fund Types
Water and
Sewer
Enterprise
Fund
Internal
Service
Funds
$192,118 $1,141,658 $ 1,947,980 $ 506,073 $
725,528
339,038
72,495
132,000
3,045,955
19,231,281 107,233
Account Groups
General General
Fixed Long-term
Assets Debt
9,902,631
EXHIBIT 1
Totals (Memorandum Only)
1900
1989
- $ 4,344,899 $ 8,473,011
4,502,666
179,323
749,587
339,038
8,628
181,287
360,031
135,913
5,717
3,045,955
9,902,631
19,338,514
143,589
687,135
339,038
8,628
91,124
347,836
131,084
3,208,503
9,752,003
19,916,136
20,562,707
592,607 592,607 568,807
12,243,552 12,243,552 10,906,633
$701,954 $3,870,041 $25,494,277 $ 613,306 $9,902,631 $12,836,159 $55,930,348 $75,136,234,
(Continued)
LIABILITIES, FUND EQUITY
AND OTHER CREDITS
Liabilities:
Accounts payable
Accrued salaries and wages
Customer and escrow deposits
Accrued interest
Due to other funds --Note 9
Obligations under capitalized
water and sewer facility
contract rights --Note 8
Bonds and certificates of obli-
gation payable --Notes 3 and 4
Deferred revenue
Commitments and contingent
liabilities --Note 5
r TOTAL LIABILITIES
Fund equity and other credits:
Investment in gei_eral fixed
assets
Net contributed capital --
Notes 8 and 10
Retained earnings:
Reserved for debt service and
construction --Notes 3 and 4
Unreserved
Fund balances:
Reserved for:
Parking lot
Recreation equipment
Public safety
Park improvements
Drug enforcement
Recycling
Development agreements
Unreserved:
Designated for:
Contingency
Emergency
Undesignated
TOTAL FUND EQUITY
AND OTHER CREDITS
General
Fund
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
September 30, 1990
With comparative
Governmental Fund Types
Special
Revenue
Funds
$ 229,755 $
171,940
Debt
Service
Fund
- $
76,111
82,086 33,236
483,781 109,347
10,000
29,938
119,759
2,452
112,556
4,117
totals for September 30, 1989
Capital
Projects
Funds
Proprietary
Fund Types
Water and
Sewer
Enterprise
Fund
Internal
Service
Funds
- $ 40,793 $ 136,004 $
17,592
89,870 543,083
66,908
132,000 110,920 41,000
4,615,000
127,273
221,870 5,521,569 177,004
1,225,765
496,725
500,000
741.250 11,402 592,607 2,422,406
1904z241
10,014,872
2,145,964
7,811,872
123,958 592,607 3,648,171 19,972,708
436,302
Account Groups
General
Fixed
Assets
9,902,631
436,302 9,902,631
General
Long-term
Debt
EXHIBIT 1
(continued)
Totals (Memorandum Onlv)
1990
1989
- $ 406,552 $ 227,377
189,532 278,508
632,953 1,698,235
66,908 70,845
360,031 347,836
21,713,627
12,836,159 17,451,159 16,410,440
242,595 263,735
12,836,159 19,349,710 41,010,603
9,902,631 9,752,003
10,014,872 13,785,857
2,145,964 2,327,140
8,248,174 3,133,579
10,000
29,938 24,717
119,759 119,759
2,452 539
112,556 103,561
4,117 2,812
1,225,765
496,725 628,125
500,000 500,000
3,767,665 3,746 539
- 36,580,618 34,125,631
TOTAL LIABILITIES, FUND
EQUITY AND OTHER CREDITS 12 188 077 $123,958 $701,954 13,870,041 $25.494,277 $ 613,306 $9,902,631 112,836,159 $55,930,348 $75,136,234
See accompanying notes to financial statements.
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES
Year ended September 30, 1990
With comparative totals for September 30, 1989
EXHIBIT 2
Governmental Fund Types Totals (Memorandum Only)
Special Debt Capital
General Revenue Service Projects
Fund Funds Fund Funds 1990 1989
Revenues:
General property tax $ 3,796,104 $ - $1,510,217 $ - $ 5,306,321 $ 5,117,180
Gross receipts tax 1,197,143 115,052 1,312,195 1,272,910
General sales tax 2,025,776 2,025,776 2,136,541
Fines and fees 1,158,986 1,158,986 904,238
Licenses and permits 290,944 290,944 222,424
Interest income 414,295 22,663 436,958 443,148
Intergovernmental 19,078 19,078 265
Other revenues 570,457 93,000 50,679 714,136 676,050
TOTAL REVENUES 9,472,783 208,052 1,510,217 73,342 11,264,394 10,772,756
Expenditures:
Current:
City Council
General government
Civil Service
Police Department
Legal and Corporation Court
Fire Department
Street Department
Planning and development
Library
Recreation Department
Swimming pools
Civic Center
Code enforcement
Health and animal shelter
Jail fund
Recreation classes
Parks Department
Nondepartmental
Debt service:
Principal retirement
Interest and service charges
Capital outlay and maintenance
TOTAL EXPENDITURES
40,648
471,603
154,268
3,268,344
213,835
2,019,463
541,013
120,669 160,971
355,934
243,370
45,413
404,868
165,329
167,800
9,835
175,783
551,462
1,011,379
131,400
10,092,416
639,281
847,136
40,053 1,220,160
201,024 1,486,417 1,20,160
40,648 33,159
471,603 435,762
154,268 114,971
3,268,344 3,156,658
213,835 233,922
2,019,463 2,011,991
541,013 480,722
281,640 235,305
355,934 361,417
243,370 181,004
45,413 27,227
404,868 352,430
165,329 121,658
167,800 181,978
9,835 27,268
175,783 200,645
551,462 561,757
1,011,379 648,861
639,281 589,342
847,136 768,347
1,891,613 1,467,013
13,500,017 T ,191,437
(Continued)
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES — ALL GOVERNMENTAL FUND TYPES
Year ended September 30, 1990
With comparative totals for September 30, 1989
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
Other financing sources (uses):
Net proceeds from issuance of certificates
of obligation --Note 3
Operating transfers in
Operating transfers out
TOTAL OTHER FINANCING SOURCES
General
Fund
EXHIBIT 2
(continued)
Governmental Fund Types Totals (Memorandum Only)
Special Debt Capital
Revenue Service Projects
Funds Fund Funds 1990 1989
$ (619,633) $ 7,028 $ 23,800 $(1,646,818) $(2,235,623) $(1,418,681)
349,907 103,982
(103,982)
245,925 103,982
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES OVER
EXPENDITURES AND OTHER FINANCING USES
BEFORE CUMULATIVE EFFECT OF A
CHANGE IN ACCOUNTING METHOD (373,708) 111,010
Cumulative effect of a change in accounting
method --Note 8
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES OVER
EXPENDITURES AND OTHER FINANCING USES
Fund balances, beginning of year
FUND BALANCES, END OF YEAR
See accompanying notes to financial statements.
(373,708) 111,010
2,277,949 12,948
$ 1.904.241 $ 123,958
1,977,993
1,977,993
23,800
23,800
568,807 2,112,013
$ 592,607 $ 3,648,171
331,175
1,204,983
1,536,158
1,977,993
453,889
(103,982)
2,327,900
1,480,554
1,200,561
(452,459)
2,228,656
P09,975
809,975
4,971,717 4,161,742
$ 6,268,977 $ 4,971,717
92,277
1,204,983
1,297,260
CITY OF EULESS, TEXAS EXHIBIT 3
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -
GENERAL FUND
Year ended September 30, 1990
Actual
Variance
Favorable
Budget (Unfavorable)
General property tax:
Current and delinquent taxes $ 3,741,275 $ 3,646,317 $ 94,958
Penalty and interest 54,829 50,000 4,829
3,796,104 3,696,317 99, 787
Gross receipts tax:
Southwestern Bell Telephone Company 257,575 255,000 2,575
Texas Utilities Electric Company 644,149 645,000 (851)
Lone Star Gas Company 129,175 135,000 (5,825)
Cable TV 79,033 65,000 14,033
Tarrant County Waste Disposal 31,489 27,500 3,989
Others 55,722 61,000 (5,278)
1,197,143 1,188,500 8,643
General sales tax 2,025,776 2,125,000 (99,224)
Fines and fees:
Franchise fees 392,243 398,716 (6,473)
Corporation Court fines 640,190 485,000 155,190
Dog licenses and pound fees 8,927 12,000 (3,073)
Ambulance fees 117,626 75,000 42,626
1,158,986 970,716 188,270
Licenses and permits:
Building permits 176,660 146,000 30,660
Miscellaneous permits 106,354 86,250 20,104
Electric licenses 7,930 11,500 (3,570)
290,944 243,750 47,194
Interest income 414,295 350,000 64,295
Intergovernmental 19,078 20,000 (922)
Other revenues:
Library receipts 14,197 15,000 (803)
Rental income 8,642 55,000 (46,358)
Miscellaneous income 334,290 185,000 149,290
Recreation classes 181,004 181,004
Texas Court cost service fee 13,556 13,500 56
Swimming pools 18,768 15,000 3,768
570,457 283,500 286,957
TOTAL REVENUES 9,472,783 8,877,783 595,000
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL -
GENERAL FUND
Year ended September 30, 1990
Actual
EXHIBIT 3
(continued)
Variance
Favorable
Budget (Unfavorable)
Expenditures:
Current:
City Council $ 40,648 $ 29,000 $ (11,648)
General government 471,603 501,933 30,330
Civil Service 154,268 163,709 9,441
Police Department 3,268,344 3,334,244 65,900
Legal and Corporation Court 213,835 204,475 (9,360)
Fire Department 2,019,463 2,057,244 37,781
Street Department 541,013 621,336 80,323
Planning and development 120,669 127,091 6,422
Library 355,934 345,369 (10,565)
Recreation Department 243,370 246,832 3,462
Swimming pools 45,413 56,600 11,187
Civic Center/Administrative
Services 404,868 453,408 48,540
Code enforcement 165,329 136,206 (29,123)
Health and animal shelter 167,800 160,628 (7,172)
Jail fund 9,835 (9,835)
Recreation classes 175,783 (175,783)
Parks Department 551,462 591,968 40,506
Nondepartmental 1,011,379 799,250 (212,129)
Capital outlay and maintenance 131,400 (131,400)
TOTAL EXPENDITURES 10, 092, 416 9,829,293 (263,123)
EXCESS OF EXPENDITURES OVER REVENUES (619,633) (951,510) 331,877
Other financing sources (uses):
Operating transfers in
Operating transfers out
NET OTHER FINANCING SOURCES
349,907 373,395 (23, 488)
(103,982) (103,982)
245, 925 373, 395 (127, 470)
EXCESS OF EXPENDITURES AND OTHER
FINANCING USES OVER REVENUES AND
OTHER FINANCING SOURCES (373,708) (578,115) 204,407
Fund balance, beginning of year 2,277,949 2,277,949
FUND BALANCE, END OF YEAR $ 1,904,241 $ 1.699834 $ 204.407
See accompanying notes to financial statements.
CITY OF EULESS, TEXAS
EXHIBIT 4
Operating revenues:
Water service
Sewer service
Water and sewer tap fees
Insurance premiums
Service fees and miscellaneous
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES
Year ended September 30, 1990
With comparative totals for September 30, 1989
TOTAL OPERATING REVENUES
Operating expenses:
General and administrative
Water production --Note 8
Water distribution --Note 8
Utility engineering
Sewage collection and treatment --Note 8
Nondepartmental
Service center --Note 7
Amortization of capitalized water and sewer facility
contract rights --Note 8
Insurance costs --Note 11
Depreciation
TOTAL OPERATING EXPENSES
OPERATING INCOME
Nonoperating revenues (expenses):
Investment income
Loss on sale of equipment
Interest on revenue bonds
Interest on obligations under capitalized water and sewer
facility contract rights --Note 8
TOTAL NONOPERATING REVENUES (EXPENSES), NET
Operating transfers to other funds
INCOME BEFORE OPERATING TRANSFERS
INCOME (LOSS) BEFORE CUMULATIVE
EFFECT OF CHANGE IN ACCOUNTING METHOD
Cumulative effect of change in accounting method --Note 8
Add depreciation on fixed assets acquired with contributed
capital --Note 8:
Depreciation charged to expense in 1990
Depreciation arising in years prior to 1990
Residual equity transfer
Retained earnings, beginning of year
NET INCOME
INCREASE IN RETAINED EARNINGS
Proprietary
Water and Sewer
Enterprise Fund
Fund Types
Internal
Service Funds
$ 4,651,013
2,608,620
130,521
189,371
7,579,525
368,340
3,142,204
298,759
156,984
1,119,695
1,281,631
391,903
793,463
7,552,979
26,546
443,163
(3,575)
(327,288)
112,300
138,846
(349,907)
(211,061)
1,150,920
939,859
422,207
3,354,650
(219,599)
4,497,117
5,460,719
996,037
235,423
1,231,460
141,450
1,040,349
1,181,799
49,661
12,707
Totals (Memorandum Only)
1990 1989
$ 4,651,013
2,608,620
130,521
996,037
424,794
8,810,985
509,790
3,142,204
298,759
156,984
1,119,695
1,281,631
391,903
1,040,349
793,463
8,734,778.
$ 4,178,004
2,446,837
72,164
924,425
199,792
7,821,222
392,555
(160,762)
322,186
141,494
527,279
1,069,950
309,775
623,112
705,547
737\392
4,748,28
76,207 3,072,694
455,870
(3,575)
(327,288)
12,707 125,007
62,368 201,214
(349,907)
62,368 (148,693)
545,974
(5,184)
(347,301)
(2,355,483)
(2,161,994)
910,700
(748,102)
162,598
1,150,920
62,368 1,002,227 162,598
219,599
281,967
154,335
422,207
3,354,650
4,779,084 162,598
5,615,054 5,452,456
RETAINED EARNINGS, END OF YEAR $ 9,957,836 $
See accompanying notes to financial statements.
436,302 $10,394,138 $ 5,615,054
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF CASH FLOWS - ALL PROPRIETARY FUND TYPES
Year ended September 30, 1990
With comparative totals for September 30, 1989
OPERATING ACTIVITIES
Operating income
Adjustments to reconcile operating income to net cash
provided by operating activities:
Deprec'_ation expense
Amortization of capitalized contract rights --Note 8
Increase (decrease) due to net changes in:
Accounts receivable
Accounts payable
Accrued salaries and wages
Customer and escrow deposits
Due to other funds
Deferred revenue
Total adjustments
NET CASH PROVIDED BY OPERATING ACTIVITIES
NONCAPITAL FINANCING ACTIVITIES
Interest paid on revenue bonds
Reduction in revenue bonds payable
Operating transfers to other funds
Residual equity transfer
NET CASH PROVIDED BY (USED IN) NONCAPITAL FINANCING ACTIVITIES
CAPITAL FINANCING ACTIVITIES
Contributions in aid to construction
Principal payments on obligations under capitalized water and
sewer facility contract rights --Note 8
Interest paid on obligations under capitalized water and sewer
facility contract rights --Note 8
Purchase of utility plant in service
Proceeds from sale of utility plant in service
NET CASH USED IN CAPITAL FINANCING ACTIVITIES
INVESTING ACTIVITIES
Net decrease in restricted assets
Interest received on investments
NET CASH PROVIDED BY INVESTING ACTIVITIES
NET INCREASE IN CASH AND CASH EQUIVALENTS
Cash and cash equivalents, beginning of year
Proprietary Fund Types
Water and Sewer Internal
Enterprise Fund Service Funds
$ 26,546 $ 49,661
793,463
(42,479)
32,490
4,472
52,565
72,642
(7,800)
905,353
931,899
(331,225)
(320,000)
(349,907)
(219,599)
(1,220,731)
4,872
(116,135)
3,952
(107,311)
162,548
406,673
569,221
173,078
1,774,902
CASH AND CASH EOUIVALENTS, END OF YEAR $ 1.947,980
69,500
69,500
119,161
219,599
219,599
(107,233)
(107,233)
12,707
12,707
244,234
261,839
$ 506.073
EXHIBIT 5
Totals (Memorandum Only)
1990
$ 76,207
1989
$ 3,072,694
793,463 737,392
(42,479) (51,563)
101,990 (3,175)
4,472 (747)
52,565 14,518
72,642 276
(7,800) (7,800)
974,853 1,312,013
1,051,06n 4,384,707
(331,225) (351,675)
(320,000) (31n,00n)
(349,907) (748,102)
(1,001,132) (1,409,777)
4,872 92,245
(223,368)
3,952
(214,544)
162,548
419,380
581,928
417,312
2,036,741
$ 2,454,053
623,112
(576,834)
(2,355,483)
(621,041)
3,099
(3,458,014)
297,699
411,773
709,472
226,388
1,810,353
$ 2.036.741
Noncash investing, capital, and financing activities:
In 1990, the City changed its method of accounting for certain transactions involved in providing water and sewer services (see
Note 8). The City decreased their capitalized water and sewer facility contract rights and related accumulated amortization by a
net amount of $20,562,707, decreased obligations under capitalized water and sewer facility contract rights by $21,713,627 and
increased retained earnings at September 30, 1989, by $1,150,920 for the cumulative effect of the change in accounting method. In
another accounting change, the City reported accumulated depreciation on utility plant acquired using contributed capital as a
reduction of contributed capital. It had previously been classified as a charge to retained earnings. This change increased
retained earnings $3,776,857 and reduced contributed capital by the same amount at September 30, 1990.
See accompanying notes to financial statements.
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1990
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the City of Euless (the "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 princi-
ples. The City's significant accounting policies are described below.
A. REPORTING ENTITY
The combined financial statements of the City include all govern-
ment activities and entities for which the City exercises over-
sight responsibility. The criteria considered in determining
governmental activities and entities to be reported within the
City's combined financial statements include the degree of over-
sight responsibility (e.g. financial interdependency, selection of
governing authority, designation of management, ability to signif-
icantly influence operations) exercised by the City over a govern-
ment activity or entity, the City's accountability for the activ-
ity's or entity's fiscal matters, its scope of public service and
the nature of any special financing relationships which may exist
between the City and the government activity or entity. These
criteria are based upon and consistent with the Government
Accounting and Financial Reporting Standards.
The City provides the full range of municipal services contem-
plated by statute or charter. Included in these services are
traditional city functions such as police and fire protection,
road and traffic signal maintenance, water and sewer operations,
parks, recreation, courts and library services. The following
entities are not included in the combined financial statements
because they are autonomous governments and do not meet any of the
above criteria.
Hurst -Euless -Bedford Independent School District - provides
education services;
Texas Municipal Retirement System - provides retirement
benefits to City employees;
Trinity River Authority of Texas - provides water and sewer
services to various municipalities.
Texas Municipal League Joint Self Insurance Fund - provides
administrative services for various municipalities' self
insurance plans.
-11-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
The accounting policies of the City conform to generally accepted
accounting principles as applicable to governmental units. The
following is a summary of the more significant of such policies:
B. FUND ACCOUNTING
The City uses funds and account groups to report on its financial
position and the results of its operations. Fund accounting is
designed to demonstrate legal compliance and to aid financial
management by segregating transactions related to certain City
functions or activities.
A fund is a separate accounting entity with a self -balancing set
of accounts. An account group, 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, propri-
etary and fiduciary. Each category, in turn, is divided into
separate "fund types."
Governmental funds are used to account for all or most of the
City's general activities, including the collection and disburse-
ment of earmarked monies (special revenue funds), the acquisition
or construction of general fixed assets (capital projects funds)
and the servicing of general long-term debt (debt service funds).
The general fund is used to account for all activities of the City
not accounted for in some other fund.
Proprietary funds are used to account for activities similar to
those found in the private sector, where the determination of net
income is necessary or useful to sound financial administration.
Goods or services from such activities can be provided either to
outside parties or to other departments or agencies primarily
within the City (internal service funds).
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
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
current liabilities generally are included in the balance sheet.
Operating statements of these funds present increases (i.e., reve-
nues and other financing sources) and decreases (i.e., expendi-
tures and other financing uses) 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 (i.e.,
assets net of liabilities) is segregated into contributed capital
and retained earnings components. Proprietary fund -type operating
statements present increases (e.g., revenues) and decreases (e.g.,
expenses) in net assets.
The modified accrual basis of accounting is used by all governmen-
tal fund types and agency funds. Under the modified accrual basis
of accounting, revenues are recognized when susceptible to accrual
(i.e., when they become both measurable and available). "Measur-
able" means the amount of the transaction can be determined and
"available" means collectible within the current period or soon
enough thereafter to be used to pay liabilities of the current
period. The City considers property taxes as available if they
are collected within 60 days after year-end. A one-year avail-
ability period is used for revenue recognition for all other
governmental fund revenues. Expenditures are recorded when the
related fund liability is incurred. Interest on general long-term
debt is recorded as a fund liability when due or when amounts have
been accumulated in the debt service fund for payments to be made
early in the following year.
Revenues considered susceptible to accrual are property taxes,
gross receipts tax and interest revenue. Sales taxes collected
and held by the state at year-end on behalf of the City also are
recognized as revenue. Fine and permit revenues are not suscept-
ible to accrual because generally they are not measurable until
received in cash.
The accrual basis of accounting is utilized by Proprietary Fund
Types. Under this method, revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred or
estimated.
The City reports deferred revenue on its combined balance sheet.
Deferred revenues arise when a potential revenue does not meet
both the "measurable" and "available" criteria for recognition in
-13-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
the current period. Deferred revenues also arise when resources
are received by the government before it has a legal claim to
them, as when grant monies are received prior to the incurrence of
qualifying expenditures. In subsequent periods, when both revenue
recognition criteria are met, or when the City has a legal claim
to the resources, the liability for deferred revenue is removed
from the combined balance sheet and revenue is recognized.
D. BUDGETARY DATA
The City Council follows these procedures in establishing
budgetary data reflected in the financial statements:
(1) Prior to August 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) Public hearings are conducted to obtain taxpayers'
comments.
(3) Prior to September 21, the budget is legally enacted
through passage of an ordinance.
(4) The City Manager is authorized to transfer budgeted
amounts between departments within any fund; however,
any revisions that alter the total expenditures of any
fund must be approved by the City Council.
(5)
Formal budgetary integration is employed as a manage-
ment control device during the year for the General
Fund. Budgetary control is maintained at the function
level.
(6) A budget for the General Fund is adopted on a basis
consistent with generally accepted accounting princi-
ples. The budgeted amounts are as originally adopted
by the City Council. Appropriations and encumbrances
lapse at year-end.
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
(7) The City does not maintain a formal budget for the
Special Revenue Funds due to minimal activity occuring
within the funds.
(8) Formal budgetary integration is not employed for Debt
Service Funds because effective budgetary control is
alternatively achieved through general obligation bond
indenture provisions.
(9)
Budgetary data for the Capital Projects Funds has not
been presented in the accompanying combined financial
statements as such funds are budgeted over the life of
the respective project and not on an annual basis.
Accordingly, formal budgetary integration of the
Capital Projects Funds is not employed and comparison
of actual results of operations to budgetary data for
such funds is not presented.
(10) Appropriated budgets for the Proprietary Funds are also
adopted, but have not been presented since reporting on
such budgets is not legally required.
(11) Due substantially to not budgeting recreation classes
or expenditures and certain capital outlay items,
expenditures exceeded appropriations in the General
Fund for the year ended September 30, 1990.
E. CASH, CASH EQUIVALENTS AND INVESTMENTS
Substantially all operating cash, cash equivalents, and short-term
investments are maintained in consolidated cash, cash equivalent,
and investment accounts. Related interest income is allocated to
the various funds based primarily on average balances maintained
by each fund. Cash equivalents consist solely of cash invested in
the Local Government Investment Fund for Texas and certificates of
deposit with original maturities of three months or less. The
Local Government Investment Fund is a pooled investment fund for
the benefit of governments within the State of Texas and invests
in securities as allowed under state statutes.
For purposes of the combined statement of cash flows, the Water
and Sewer Enterprise and Internal Service Funds consider all
highly liquid investments (excluding restricted investments) as
set forth above to be cash equivalents.
-15-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
Investments consist of certificates of deposit with original
maturities of three months or more and U. S. Government securi-
ties. Investments are stated at cost or amortized cost.
State statutes authorize the City to invest in obligations of the
U. S. Government or its agencies; obligations of the State of
Texas or its agencies; and certain other obligations, repurchase
agreements, money market mutual funds and certificates of deposit
within established criterion.
F. TAXES
Property taxes attach as an enforceable lien on property as of
January 1, are levied for appropriation for the fiscal year begin-
ning on October 1, are due October 1, and become delinquent on
February 1. Property taxes are accrued based on the period for
which they are levied and available. Delinquent taxes expected to
be collected later than 60 days after the fiscal year-end are
considered not available and are treated as deferred revenue.
Property taxes for cities, including those applicable to debt
service, are limited by the Texas Constitution to $2.50 per $100
of assessed valuation. The City's current tax rate is $.4875 per
$100 of assessed valuation and assessed valuation is approximately
100% of estimated actual value.
G. FIXED ASSETS
Fixed assets are recorded at cost (or fair value, if contributed)
when acquired. General fixed assets are recorded as expenditures
in the General Fund, Capital Projects Fund and Special Revenue
Fund at the time of purchase or construction and are capitalized
in the General Fixed Assets Account Group at cost. Public domain
("infrastructure") general fixed assets consisting of certain
improvements other than buildings, including roads, bridges, curbs
and gutters, streets and sidewalks, drainage systems and lighting
systems are not capitalized in the general fixed assets account
group. No depreciation is recorded on general fixed assets.
Expenditures for utility plant and equipment are capitalized in
the Proprietary Type Funds. Depreciation is recorded on each
class of depreciable property in the Proprietary Funds beginning
the year following the year of acquisition and utilizing the
straight-line method over the following estimated useful lives of
the assets:
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
Equipment
Waterworks and sanitary sewer system
H. EMPLOYEES' VACATION AND SICK LEAVE
5 - 15 years
33-1/3 years
Employees may accumulate a maximum of two times their annual vaca-
tion. The City's policy is to pay the employee for accumulated
vacation upon termination. Accrued vacation pay is insignificant
and is not recorded by the City. The City does not pay employees
for accumulated sick leave upon termination.
I. FUND EQUITY
Certain assets that are restricted to a specific future use or are
not available for appropriation or expenditure are offset by fund
balance reserve accounts. Designated fund balances represent
tentative plans for future use of financial resources.
J. COMPARATIVE DATA
Comparative total data for the prior year have been presented in
the accompanying combined financial statements in order to provide
an understanding of the changes in the City's financial position,
operations and cash flows. Complete comparative data (i.e.
presentation of prior year totals by fund type in each of the
statements) have not been presented since its inclusion would make
the statements unduly complex and difficult to read.
K. TOTALS (MEMORANDUM ONLY) COLUMN ON COMBINED STATEMENTS
The totals column on the combined statements are captioned Memo-
randum Only to indicate that they are presented only to facilitate
financial analysis. Data in these columns do not present finan-
cial position, results of operations, or changes in financial
position in conformity with generally accepted accounting princi-
ples. Neither is such data comparable to a consolidation. Inter -
fund eliminations have not been made in the aggregation of this
data.
L. INTERFUND TRANSACTIONS
Quasi -external transactions are accounted for as revenues, expen-
ditures or expenses. Transactions that constitute reimbursements
to a fund for expenditures/expenses initially made from it that
-17-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES --Continued
are properly applicable to another fund, are recorded as expendi-
tures/expenses in the reimbursing fund and as reductions of expen-
ditures/expenses in the fund that is reimbursed.
All other interfund transactions, except quasi -external transac-
tions and reimbursements, are reported as transfers. Nonrecurring
or nonroutine permanent transfers of equity are reported as
residual equity transfers. All other interfund transfers are
reported as operating transfers.
M. RECLASSIFICATIONS
Certain reclassifications have been made to the data contained in
the 1989 total columns to conform to the method of presentation in
the 1990 financial statements. One such reclassification included
the establishment of Internal Service Funds; in 1989 comparable
activities were reported as part of the Special Revenue Funds.
NOTE 2--DEPOSITS AND INVESTMENTS
Deposits: At year-end, the ledger balances of the City's bank depos-
its totalled $3,788,229 and the bank balances were $4,329,623. Of the
bank balances, $926,616 were protected by federal depository insurance
or by collateral held by the City's agent in the City's name. The
remainder was covered by collateral held in the pledging financial
institutions' trust departments in the City's name.
Investments: At September 30, 1990, the City's investments are cate-
gorized as either (1) insured or registered or for which the securi-
ties are held by the City or its agent in the City's name; (2)
uninsured and unregistered for which the securities are held by the
broker's or dealer's trust department or agent in the City's name; or
(3) uninsured and unregistered for which the securities are held by
the broker or dealer, or by its trust department or agent but not in
the City's name, as follows:
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 2--DEPOSITS AND INVESTMENTS --Continued
Categories
1 2
Carrying
3 Amount
Market
Value
U. S. securi-
ties 14,037,481 $ $ - $4,037,481 $4,059,400
Local govern-
ment invest-
ment fund
4,009,051 4,025,500
18,046,532 18,084,90O
NOTE 3--BONDS AND CERTIFICATES OF OBLIGATION PAYABLE
During 1990, the City issued $2,000,000 of certificates of obligation
relating to planned capital projects. The certificates were recorded
net of discount. Outstanding debt was reduced by principal payments
of $555,507, $83,774 and $320,000 on General Obligation Bonds, Certif-
icates of Obligation and Water and Sewer Revenue Bonds, respectively.
Debt outstanding at September 30, 1990, consists of the following:
General Obliga-
tion Bonds
Certificates of
Range of
Interest Rates
6.00 to 10.00%
Obligation 6.75 to 7.40%
Water and Sewer
Revenue Bonds
4.50 to 10.75%
Outstanding Current Long-term
Balance Maturities Maturities
$ 9,256,587 $ 620,000 $ 8,636,587
3,579,572 184,572 3,395,000
4,615,000 290,000 4,325,000
$17,451,159 11,094,572 $16.356,587
The debt matures serially through the year 2008 and has various call
options whereby it may be redeemed during certain periods prior to
maturity. A schedule of principal and interest maturities is as
follows:
-19 -
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 3--BONDS AND CERTIFICATES OF OBLIGATION PAYABLE --Continued
1991
1992
1993
1994
1995
1996-2000
2001-2005
2006-2008
Less interest
Principal
General
Obligation
Bonds
$ 1,281,350
1,268,837
1,268,098
1,291,148
1,282,680
5,770,006
3,334,919
15,497,038
6,240,451
$ 9,256,587
Certifi-
cates of
Obligation
$ 442,416
344,860
342,197
339,170
335,765
1,751,511
1,776,225
894,375
6,226,519
2,646,947
$3,579.572
Water
and Sewer
Revenue Bonds
Total
$ 602,825 $ 2,326,591
553,900 2,167,597
547,700 2,157,995
544,925 2,175,243
542,350 2,160,795
2,672,250 10,193,767
1,544,375 6,655,519
894,375
7,008,325 28,731,882
2,393,325 11,280,723
$4,615,000 $17,451,159
General Obligation Bonds authorized and unissued as of September 30,
1990, amounted to $300,000. Water and Sewer Revenue Bonds authorized
and unissued as of September 30, 1990, amounted to $1,200,000. The
water and sewer bonds were authorized in 1970 and currently the City
Council has no intent to issue these bonds.
Water and Sewer Revenue Bonds are payable solely from and equally
secured by a first lien on and pledge of the net revenue of the City's
combined waterworks and sanitary sewer system.
In accordance with the revenue bond ordinances, the following special
reserves were established:
Reserve for revenue bond debt service - to be used for
retirement of the current portion of principal and interest
payments due.
Reserve for revenue bond retirement - to be used for payment
of principal and interest on bonds at any time where there is
not sufficient money available in the revenue bond debt
service fund. No payments are required into this fund after
accumulating therein an amount equal to the average annual
)rincipal and interest requirements of the bonds outstanding.
Reserve for emergency - to be used for payment of extraordi-
nary repairs or replacements to the system necessitated by an
emergency for which no other funds are available. Should the
-20-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 3--BONDS AND CERTIFICATES OF OBLIGATION PAYABLE --Continued
reserve for bond debt service and/or reserve for bond retire-
ment prove deficient, the reserve for emergency shall be used
for the purpose of meeting principal and/or interest require-
ments of the bonds.
All funding requirements for the above reserves were met at Septem-
ber 30, 1990.
Investments of funds included in the bond reserve and emergency
accounts are restricted to direct obligations of or obligations uncon-
ditionally guaranteed by the United States of America having maturi-
ties not in excess of ten and five years, respectively.
NOTE 4--RESTRICTED ASSETS
Restricted assets consist of cash, investments and accrued interest
primarily restricted for Water and Sewer Enterprise Fund debt service
and water and sewer system replacements.
The City sold certain of the waterworks and sanitary sewer system
properties situated within the City of Bedford to that city in 1968.
The proceeds were restricted to the prepayment or redemption of cer-
tain revenue bonds; investment income of the funds may be applied to
current revenue bond interest up to stipulated amounts. As of Septem-
ber 30, 1990, the balance in the property sales proceeds account was
$439,622 and is included in restricted assets in the accompanying
balance sheet.
NOTE 5--COMMITMENTS AND CONTINGENT LIABILITIES
The City entered into a 50 year contract dated September 25, 1973,
with the Trinity River Authority of Texas (the "TRA") whereby the TRA
agrees to provide supplemental water and sewage treatment for consid-
eration. Payments by the City are based on metered usage at rates
designed to charge the City a pro-rata share of the TRA's annual
operating and maintenance expenses, and principal and interest
requirements on bonds issued by the TRA. Payments under this contract
approximated $4,079,800 in 1990 and are included as operating expenses
of the water and sewer fund. See Note F for a discussion of a change
in accounting method relating to this contract.
The City is involved in a number of lawsuits arising in the ordinary
course of business. In addition, the City is involved in continuing
-21-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 5--COMMITMENTS AND CONTINGENT LIABILITIES --Continued
litigation to prevent proposed expansion of the Dallas -Fort Worth
International Airport. In the opinion of the City's legal counsel and
management, any liability resulting from such litigation would not be
material in relation to the City's financial position. The results of
the airport litigation could affect both future tax and utility ser-
vice revenues, and therefore, related legal expenses are shared
equally by the general and water and sewer funds.
NOTE 6--FIXED ASSETS
The following is a summary of changes in the general fixed assets
account group during the fiscal year ended September 30, 1990:
Land
Buildings
Improvements other
than buildings
Machinery and
equipment
Total general
fixed assets
Balance
September 30,
1989
$ 870,379
4,571,052
583,015
3,727,557
$9,752.003
Additions Deletions
$ 871 $
135,388
217,402
142,768 345,801
Balance
September 30,
1990
$ 871,250
4,706,440
800,417
3,524,524
$ 496.429 $ 345,801 $9.902.631
The following is a summary of Proprietary Type Funds utility plant and
equipment in service at September 30, 1990:
Land
Equipment
Waterworks and sanitary
sewer system
Less accumulated depreciation
Water and Sewer
Enterprise Fund
$ 1,528,966
887,447
25,031,672
27,448,085
8,216,804
$19,231,281
Internal
Service Funds
$
107,233
107,233
$ 107.233
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 7--SERVICE CENTER
The Water and Sewer Enterprise Fund historically bears the major por-
tion of the operating costs of the City's service center which pro-
vides services to all city departments.
NOTE 8--CHANGES IN ACCOUNTING METHODS
Developers' Contribution Fund: The Developers' Contribution Fund is
used to account for funds received for the purpose of making improve-
ments to development areas within the City. Prior to fiscal 1990,
these amounts were reported in an agency fund until the improvements
were made. Since the City controls the improvements and determines
the nature of any related expenditures, the City concluded that it
effectively earns the revenue at the point of receipt and that it
would be preferable to recognize the revenue as the funds are
received. Accordingly, developers' contributions are now recognized
in this manner and are accounted for as part of the Capital Projects
Fund.
The cumulative effect as of October 1, 1989, of this change in
accounting resulted in an increase in operating results and fund bal-
ance of the capital projects fund of $1,204,983 for fiscal 1990. If
the new method of accounting had not been adopted, the excess of reve-
nues and other financing sources over expenditures and other financing
uses (exclusive of the cumulative effect disclosed above) would not
have changed significantly for the year ended September 30, 1990.
Water and Sewer Enterprise Fund: As discussed in Note 5, in 1973, the
City entered into a 50 year contract with the TRA for supplemental
water and sewage treatment services. Payments by the City are
designed to charge the City a pro-rata share of the TRA's annual
operating and maintenance expenses, and debt service requirements on
bonds issued by the TRA. Prior to 1990, the City capitalized its pro-
rata share of theoretical future principal and interest requirements
and amortized this asset over the remaining life of the original
contract. The estimated liability for future principal and interest
requirements was reduced based upon the debt re -payment schedule.
In 1990, the City changed its method for accounting for this contract
to report all payments to the TRA as operating expenses in the Water
Production, Water Distribution and Sewage Collection and Treatment
cost centers instead of allocating some of the payments to principal
and interest. Previously capitalized contract rights and obligations
were reversed and the cumulative effect ($1,150,920) as of October 1,
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 8--CHANGES IN ACCOUNTING METHODS --Continued
1989 was reported as an increase in 1990 operating results of the
Water and Sewer Enterprise Fund. If the new method of accounting had
not been adopted, the fiscal 1990 loss (excluding the cumulative
effect of the accounting change) would have increased approximately
$159,000. The new accounting method is considered preferable since it
enhances comparability between the City's accounting for this contract
and other cities' accounting for the same contract.
Additionally, the City acquires certain utility plant and equipment
assets with funds which are contributed by developers. The assets are
recorded as utility plant and equipment in service and the contribu-
tions are recorded as contributed capital. Prior to fiscal 1990, the
depreciation recorded on the assets acquired with the contributed
capital was recorded as depreciation expense and, consequently, as a
decrease in retained earnings. The City has concluded that it would
be preferable to classify the depreciation on assets acquired with
contributed capital as a reduction of contributed capital so that
contributed capital would more closely approximate the remaining book
value of the assets acquired. Thus, in 1990 the City changed its
method of recording this depreciation and reclassified estimated accu-
mulated prior years' depreciation expense of approximately $3,354,650
from retained earnings to a reduction of contributed capital.
NOTE 9--INTERFUND ASSETS/LIABILITIES
Due from/to other funds:
Receivable Fund Payable Fund Amount
General Insurance $ 41,000
Debt service 76,111
Water and sewer 110,920
Water and sewer Capital projects 132,000
360.031
NOTE 10--CONTRIBUTED CAPITAL
During fiscal 1990, contributed capital of the Water and Sewer Enter-
prise Fund increased by developer's contributions in aid to construc-
tion in the amount of $4,872 and decreased $3,776,857 representing
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 10--CONTRIBUTED CAPITAL --Continued
accumulated depreciation on assets acquired with contributed capital.
See Note 8 for a discussion on the change in accounting method appli-
cable to assets acquired with contributed capital.
NOTE 11--RISK MANAGEMENT
The City participates in the Texas Municipal League Joint Self Insur-
ance Fund ("TMLIF") to provide both general liability and property
insurance. The City, along with other participating entities, con-
tributes annual amounts determined by TMLIF management. As claims
arise they are submitted to and paid by TMLIF. The City is not liable
for payments beyond their annual contributions to TMLIF.
The City provides employee medical coverage on a self -insured basis.
Premiums are paid into a separate Insurance Fund by other funds and by
the City's employees and are available to pay claims, claim reserves
and administrative costs of the program. An excess coverage insurance
policy covers individual claims in excess of $45,000. During fiscal
1990, the City and the City's employees contributed approximately
$563,000 and $193,000, respectively for medical coverage. The City's
contributions are accounted for as quasi -external transactions.
Claims incurred but not reported have been considered in determining
the claims liability at September 30, 1990.
The City is also self -insured for workmen's compensation claims.
Contributions are made to a separate workmen's compensation fund by
other funds and are available to pay claims, claims reserves and
administrative costs of the program. An excess coverage insurance
policy covers individual claims in excess of $300,000. During 1990,
the City contributed approximately $240,000 to the fund for workmen's
compensation.
NOTE 12--EMPLOYEE RETIREMENT SYSTEM
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 500 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 substan-
tially 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.
-25-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 12--EMPLOYEE RETIREMENT SYSTEM --Continued
Benefits depend upon the sum of the employees' 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 past service rendered, of a theoretical amount equal to
twice the amount that would have been contributed by the employee,
with interest, prior to establishment of the plan. Monetary credits
for service since the plan began are a percent (100%, 150%, or 200%)
of the employees' accumulated contributions. In addition, the City
can grant as often as annually another type of monetary credit
referred to as an updated service credit. This credit is a theoreti-
cal amount which, when added to an employee's accumulated contribu-
tions and monetary credits, would result in 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. 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 any
employer -financed monetary credits. 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.
Contributions: The contribution rate for the employees is 7% of their
salaries, and the City matching percent is currently 11.63%, both as
adopted by the governing body of the City. Under the state law gov-
erning TMRS, the City contribution rate is determined annually 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
arising from the City matching percent. The normal cost contribution
rate is the actuarially determined percent of payroll necessary to
satisfy the oblisration of the City to each employee at the time of his
retirement. 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 ser-
vice credits and increases in annuities, the increased unfunded
-26-
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 12--EMPLOYEE RETIREMENT SYSTEM --Continued
actuarial liability is amortized over a new 25-year period. Cur-
rently, the unfunded actuarial liability is being amortized over the
25-year period which began January 1990. The unit credit actuarial
cost method is used for determining the city contribution rate. Con-
tributions are made monthly by both the employees and the City. Since
the City needs to know its contribution rate in advance for budgetary
purposes, there is a one-year lag between the actuarial valuation that
is the basis for the rate and the calendar year when the rate goes
into effect.
The City's total payroll in fiscal year 1990 was approximately
$7,016,000, and the City's contributions were based on a payroll of
$6,756,000. Both the City and the covered employees made the required
contributions, amounting to $780,290 (11.41% of covered payroll for
the months in calendar year 1989 and 11.63% for the months in calendar
year 1990) for the City and $472,475 (7%) for the employees.
Funding Status and Progress: 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 and which can have additions to the unfunded pen-
sion benefit obligation through the periodic adoption of increases in
benefits. Statement No. 5 of the Governmental Accounting Standards
Board (GASB 5) defines a 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 suffi-
cient 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, 1989. Because of the moneypur-
chase nature of the plan, the interest rate assumption, currently 8.5%
per year, does not have as much impact on the results as it does for a
defined benefit plan. Market value of assets is not determined for
each participating city's plan, but the market value of assets for
TMRS as a whole was 108.7% of book value as of December 31, 1989.
CITY OF EULESS, TEXAS
NOTES TO FINANCIAL STATEMENTS
NOTE 12--EMPLOYEE RETIREMENT SYSTEM --Continued
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
$ 1,078,400
830,500
3,733,600
5,395,100
1,668,400
$12.706.000
$ 9.732.600
$ 2.973,400
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 $266,200.
Trend information for TMRS, only two years of which are currently
available, is as follows:
Net Assets Available
For Benefits as a
Percent of Pension
Year Benefit Obligation
Unfunded Pension
Benefit Obligation
as a Percent of
Covered Payroll
City Contribution
as a Percent of
Covered Payroll
1989 76.09% 39.82% 10.82%
1990 76.60 44.01 11.58
Historical trend information for TMRS is presented in the Statistical
Section, Table 14 of this report. These tables provide information
about progress made in accumulating sufficient assets to pay benefits
when due.
SPECIAL REVENUE FUNDS
Hotel/Motel Fund - to account for the operations and expenditures for
which hotel/motel occupancy taxes are used. Occupancy tax revenues
are used primarily for advertising and promotion of the City.
Police Drug Enforcement Fund - to account for proceeds from sale of
assets seized in connection with drug arrests. Revenues are used
solely for police department expenditures. This fund was estab-
lished in fiscal 1990.
ASSETS
Cash and cash
equivalents
Short-term investments
CITY OF EULESS, TEXAS
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
September 30, 1990
$
Police
Hotel/ Drug
Motel Enforcement Totals
Fund Fund 1990 1989
3,369 $ 33,253
8,033 79,303
$
A-1
36,622 $ 12,948
87,336
TOTAL ASSETS $ 11,402 $ 112.556 123d958 $ 12,948
FUND EQUITY
Fund Balances:
Reserve for drug
enforcement $ - $ 112,556 $ 112,556 $
Unreserved,
undesignated 11,402
11,402 12,948
TOTAL FUND BALANCES $ 11,402 $ 112.556 $ 123,958 $ 12,948
CITY OF EULESS, TEXAS
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
Year ended September 30, 1990
Revenues:
Gross receipts tax
Other revenues
TOTAL REVENUES
A-2
Police
Hotel/ Drug
Motel Enforcement Totals
Fund Fund 1990 1989
$ 115,052 $ - $ 115,052 $ 131,978
93,000 93,000
115,052 93,000 208,052 131,978
Expenditures:
Planning and
development 116,598 44,373
Capital outlay
and mainte-
nance 40,053
TOTAL EXPENDITURES 116,598 84,426
160,971
40,053
201,024
117,344
117,344
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES (1,546) 8,574 7,028 14,634
Other financing
sources (uses):
Net operating
transfers in (out) - 103,982 103,982 (133,688)
EXCESS (DEFICIENCY)
OF REVENUES AND OTHER
FINANCING SOURCES
OVER EXPENDITURES AND
OTHER FINANCING USES (1,546) 112,556 111,010 (119,054)
Fund balances, begin-
ning of year 12,948 - 12,948 132,002
FUND BALANCES,
END OF YEAR $ 11.402 $ 112,556 $ 123,958 $ 12,948
-31-
CAPITAL PROJECTS FUNDS
Park Improvements General Obligation Fund (1986) - to account for the
financing and construction of park facilities. Financing was pro-
vided primarily by the sale of general obligation bonds of $1,500,000
in 1986 and $430,000 in 1988.
Park Improvements Certificates of Obligation Fund (1990) - to account
for the construction of park facilities. Financing was provided
from the sale of Certificates of Obligation of $2,000,000 in 1990.
Street Improvement and Drainage General Obligation Fund (1986) - to
account for construction of improvements to various street and
drainage projects. Financing was provided primarily from the sale
of general obligation bonds of $1,000,000 in 1986.
Street Improvement Certificates of Obligation Fund (1989) - to account
for construction on Texas Highway 10. Financing was provided from
the sale of Certificates of Obligation of $1,500,000 in 1989.
Street Improvement and Drainage Certificates of Obligation Fund (1990)
to account for the construction of improvements to various street
and drainage projects. Financing was provided from the sale of
Certificates of Obligation in 1990.
Equipment Certificates of Obligation Fund (1986) - to account for the
purchase of communication equipment to be used generally in the area
of public safety. Financing was provided from the sale of Equipment
Certificates of $348,356 in 1986 as authorized under the Public
Property Finance Act of 1979, State of Texas.
Fire Department Certificates of Obligation Fund (1990) - to account
for improvements to the fire station and purchase of equipment for
the fire department. Financing was provided from the sale of
Certificates of Obligation in 1990.
Developers' Contribution Fund - to account for funds received for the
purpose of making new and future improvements to new development
areas within the City. Previously reported as an agency fund.
Conference Center Construction Fund - to account for financing and
construction of a new conference center. Financing will primarily
be provided through transfers from the Hotel/Motel Fund.
Revenue Sharing Fund - to account for the capital project expenditures
for which this grant funding is used. Financing was provided by
entitlement grants from the Federal government. No grants were
received in 1990.
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEETS
September 30, 1990
Street Street
Park Park Improvement Street Improvement
Improvements Improvements and Drainage Improvement and Drainage Equipment
General Certificates of General Certificates Certificates Certificates
Obligation Obligation Obligation of Obligation of Obligation of Obligation
Fund (1986) Fund (1990) Fund (1986) Fund (1989) Fund (1990) Fund (1986)
B-1
Fire Department Conference
Certificates of Developers' Center Revenue Totals
Obligation Contribution Construction Sharing
Fund (1990) Fund Fund Fund 1990 1989
ASSETS
Cash and cash equivalents $ 1,603 $ 99,345 $ 46,775 $ 38,539 $ 394,459 $ 7,303 $ 90,580 $ 388,924 $ 74,130 $ $ 1,141,658 $ 3,448,361
Short-term investments 3,824 236,914 111,547 91,907 940,686 17,416 216,009 927,486 176,816 2,722,605
Accrued interest receivable 5,778 5,778 3,369
Due from (to) other funds 775 (775)
TOTAL ASSETS $ 5,427 1_336,259 164,875 $ 130,446 $1,335.145 $ 24.719 1__306,589 $1,315,635, 1_250,946 $ - $ 3.870.041 $ 3,451.730
LIABILITIES AND FUND BALANCES
Customer and escrow deposits $ - $ - $ - $ - $ - $ - $ - $ 89,870 $ - $ - $ 89,870 $ 1,207,717
Due to other funds 132,000 132.000 132.000
TOTAL LIABILITIES 89,870 132,000 221,870 1,339,717
Fund balances:
Reserved for develop-
ment agreements
Unreserved, undesignated
TOTAL FUND BALANCES
5,427
5,427
1,225,765 1,225,765
336,259 164,875 130,446 1,335,145 24,719 306,589 118,946 2,422,406
33,6 259 164,875 130,446 1,335,145 24,719 306,589 1 225,765 118,946 3,648.171
2112013
2.112.013
TOTAL LIABILITIES
AND FUND BALANCES 3 5,427 $ 336,259 $ 164,875 $ 130,446 $1, 335, 145 $ 24,719 $ 306,589 11,315,635 $ 250,946 3 - $ 3.870.041 $ 3,451,730
Revenues:
Interest income
Other revenues
TOTAL REVENUES
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANCES IN FUND BALANCES
Year ended September 30, 1990
B-2
Street Street
Park Park Improvement Street Improvement
Improvements Improvements and Drainage Improvement and Drainage Equipment Fire Department Conference
General Certificates of General Certificates Certificates Certificates Certificates of Developers' Center Revenue Totals _.
Obligation Obligation Obligation of Obligation of Obligation of Obligation Obligation Contribution Construction Sharing
Fund (1986) Fund (1990) Fund (1986) Fund (1989) Fund (1990) Fund (1986) Fund (1990) Fund Fund Fond 109h 1984
$
Expenditures:
Capital outlay and
maintenance 200,054
EXCESS (DEFICIENCY) OF
CO REVENUES OVER EXPENDITURES (200,054)
1 Other financing sources:
Net proceeds from issuance
of certificates of
obligation
Net operating transfers in
TOTAL OTHER FINANCING SOURCES
EXCESS (DEFICIENCY) OF
REVENUES AND OTHER
FINANCING SOURCES OVER
EXPENDITURES BEFORE
CUMULATIVE EFFECT OF A
CHANGE IN ACCOUNTING METHOD
Cumulative effect of a
change in accounting
method for developers'
contribution revenues
EXCESS (DEFICIENCY) OF
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES
$
$ 2,408 $ - $ - $ - $ $ 20,255 $
50,152 527
52,560 20,782
145,832 1,322,097
47,214
$
$ 22,663
50,679
73,342
$ 23,203
7,049
40,245
640 4,323 _1,ziarr Q _I,225via
(93,272) (1,322,097) (47,214) 20,782 (640) (4,323) (1,646,818) (1,185,528)
336,259 1,335,145
336,259
1,335,145
306,589
306,589
1,977,993 1,480,554
278,586
1,977,993 --1,759,.1551
(200,054) 336,259 (93,272) (1,322,097) 1,335,145 (47,214) 306,589 20,782 (640) (4,323) 331,175 573,612
(200,054) 336,259 (93,272) (1,322,097) 1,335,145 (47,214) 306,589
1,204,983 1,204,983
1,225,765 (640) (4,323) 1,536,158 573,612
Fund balances, beginning
of year 205,481 258 147 1,452,543 71,933 119.586 4,323 2,112,013 1,538,401
FUND BALANCES, END OF YEAR $ 5,427 $ 336,259 $ 164,875 $ 130.446 124335,145 1 24,719 $ 306,589 22 ,5 76 $ _118,946 $ - $ 3,648,171 Lzajp,s9.$
WATER AND SEWER ENTERPRISE FUND
To account for the acquisition, operation and maintenance of a munici-
pal utility, supported primarily by user charges to the public.
-35-
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
COMPARATIVE BALANCE SHEETS
September 30, 1990 and 1989
ASSETS
Current assets:
Cash and cash equivalents
Accounts receivable, less allowance
for estimated uncollectible accounts
of $1,463 in 1990 and 1989
Unbilled water and sewer revenue
Accrued interest receivable
Due from other funds
TOTAL CURRENT ASSETS
1990 1989
$ 1,947,980 $ 1,774,902
725,528
339,038
72,495
132,000
3,217,041
683,049
339,038
36,005
132,000
2,964,994
Restricted assets:
Revenue bond debt service:
Cash with paying agent 24,876 52,551
Revenue bond retirement:
Investments with paying agent, at cost 1,414,177 1,416,229
Revenue bond emergency:
Short-term investments 500,000 500,000
Property sale proceeds account:
Investments with paying agent, at cost 439,622 439,622
Capital projects account:
Short-term investments 65,438 250,824
Customer deposits:
Short-term investments 543,083 490,518
Interest receivable on investments 58,759 58,759
TOTAL RESTRICTED ASSETS 3,045,955 3,208,503
Utility plant and equipment in
service, at cost:
Land 1,528,966
Equipment 887,447
Waterworks and sanitary sewer system 25,031,672
27,448,085
Less accumulated depreciation 8,216,804
NET UTILITY PLANT AND
EQUIPMENT IN SERVICE 19,231,281
Capitalized water and sewer facility
contract rights, less accumulated
amortization of $3,904,918
1,528,966
847,020
24,971,104
27,347,090
7,430,954
19,916,136
20,562,707
TOTAL ASSETS $25,494,277 $46,652,340
-36-
LIABILITIES AND FUND EQUITY
Current liabilities:
Payable from current assets:
Accounts payable and accrued salaries
and wages
Due to other funds
Current portion of obligations under
capitalized water and sewer facility
contract rights
TOTAL CURRENT LIABILITIES
Payable from restricted assets:
Customer and escrow deposits
Current portion of revenue bonds
payable
Accrued interest
Obligations under capitalized water and
sewer facility contract rights
Revenue bonds payable
Deferred revenue
TOTAL LIABILITIES
Fund equity:
Contributed capital:
From subdividers
From Environmental Protection Agency
From Trinity River Authority
Accumulated depreciation on assets
acquired with contributed capital
NET CONTRIBUTED CAPITAL
Retained earnings:
Reserved for:
Revenue bond debt service,
next maturing
Revenue bond retirement
Emergency
Construction
Unreserved
TOTAL RESERVED
TOTAL RETAINED EARNINGS
1990 1989
$ 58,385 $
110,920
169,305
543,083
290,000
66,908
4,325,000
127,273
5,521,569
13,537,112
239,617
15,000
13,791,729
3,776,857
10,014,872
C-1
21,423
38,278
644,376
704,077
490,518
320,000
70,845
21,069,251
4,615,000
135,073
27,404,764
13,532,240
239,617
15,000
13,786,857
13,786,857
24,876 52,551
1,555,650 1,523,765
500,000 500,000
65,438 250,824
2,145,964 2,327,140
7,811,872 3,133,579
9,957,836 5,460,719
TOTAL FUND EQUITY 19,972,708 19,247,576
TOTAL LIABILITIES AND FUND EQUITY $25,494,277 $46,652,340,
-37-
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
COMPARATIVE SCHEDULES OF OPERATING EXPENSES
Years ended September 30, 1990 and 1989
General and administrative:
Salaries and wages
Employee benefits
Postage and supplies
Maintenance of office machinery
Contractual services
Bad debts
Other
Water production:
Salaries and wages
Employee benefits
Operating supplies and expense
Maintenance of structures and equipment
Water - Trinity River Authority
Other
Water distribution:
Salaries and wages
Employee benefits
Operating supplies and expense
Maintenance of structures and equipment
Water - Trinity River Authority
Contractual services
Other
Utility engineering:
Salaries and wages
Employee benefits
Operating supplies and expense
Maintenance of structures and equipment
Contractual services
Sewage collection and treatment:
Salaries and wages
Employee benefits
Operating supplies and expense
1990
$ 186,290 $
61,413
17,798
15,517
23,524
31,506
32,292
368,340
199,520
59,949
10,838
13,929
2,851,561
6,407
3,142,204
121,109
55,741
11,359
61,360
25,236
9,766
14,188
298,759
100,721
34,403
2,199
9,224
10,437
156,984
80,523
54,746
3,446
C-2
1989
174,125
68,030
21,469
14,513
17,618
32,257
328,012
171,666
67,797
8,871
14,194
(423,290)
(160,762)
155,966
70,589
9,696
79,472
4,851
11612
322,186
95,412
27,017
2,265
2,803
13.997
141,494
106,429
49,297
4,315
CITY OF EULESS, TEXAS C-2
(Continued)
WATER AND SEWER ENTERPRISE FUND
COMPARATIVE SCHEDULES OF OPERATING EXPENSES
Years ended September 30, 1990 and 1989
1990 1989
Sewage collection and treatment (continued):
Maintenance of structures and equipment $ 7,705 $ 14,551
Contractual services 7,961 3,278
Treatment fees - Trinity River Authority 953,807 343,454
Other 11,507 5,955
1,119,695 527,279
Nondepartmental:
Salaries 50,352
Employee benefits 2,790 8,880
Operating supplies and expense 504,294 491,983
Contractual services 316,022 171,597
Franchise fees 392,243 397,490
Other 15,930
1,281,631 1,069,950
Service center:
Salaries 73,642 99,405
Employee benefits 36,713 29,830
Motor fuel and supplies 111,776 128,759
Maintenance of structures and equipment 153,886 117,413
Other 15,886 14,368
391,903 389,775
Amortization of capitalized water and
sewer facility contract rights 623,112
Depreciation
793,463 737,392
TOTAL OPERATING EXPENSES $7,552,979 $3.978,438
NOTE: In 1990, the City changed its method of accounting for certain
transactions involved in providing water and sewer services. This
change decreased their capitalized water and sewer facility contract
rights and related accumulated amortization by a net amount of
$20,562,707, decreased obligations under capitalized water and sewer
facility contract rights by $21,713,627 and increased retained earn-
ings at October 1, 1989, by $1,150,920 for the cumulative effect of
the change in accounting method. The cash flows and expenses relating
to the transaction described above are now reported as operating
expenses in the Water Production, Water Distribution and Sewage
Collection and Treatment cost centers. These expenses would have
increased approximately $2,900,000 in 1989 if the same accounting
method was used in both years.
-39-
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
COMPARATIVE STATEMENTS OF CASH FLOWS
Years ended September 30, 1990 and 1989
OPERATING ACTIVITIES
Operating income
Adjustments to reconcile operating
income to net cash provided by
operating activities:
Depreciation expense
Amortization of capitalized
contract rights
Increase (decrease) due to changes in:
Accounts receivable
Accounts payable
Accrued salaries and wages
Customer and escrow deposits
Due to other funds
Deferred revenue
Total adjustments
NET CASH PROVIDED BY
OPERATING ACTIVITIES
NONCAPITAL FINANCING ACTIVITIES
Interest paid on revenue bonds
Reduction in revenue bonds payable
Operating transfers to other funds
Residual equity transfer
NET CASH USED IN NONCAPITAL
FINANCING ACTIVITIES
CAPITAL FINANCING ACTIVITIES
Contributions in aid to construction
Principal payments on obligations
under capitalized water and sewer
facility contract rights
Interest paid on obligations under
capitalized water and sewer
facility contract rights
Purchase of utility plant in service
Proceeds from sale of utility plant
in service
NET CASH USED IN CAPITAL
FINANCING ACTIVITIES
1990
1989
C-3
26,546 $ 2,918,359
793,463
(42,479)
32,490
4,472
52,565
72,642
(7,800)
905,353
931,899
(331,225)
(320,000)
(349,907)
(219,599)
(1,220,731)
737,392
623,112
(51,563)
(69,679)
(747)
14,518
276
(7,800)
1,245,509
4,163,868
(351,675)
(310,000)
(748,102)
(1,409,777)
4,872 92,245
(576,834)
(2,355,483)
(116,135) (621,041)
3,952
3,099
(107,311) (3,458,014)
CITY OF EULESS, TEXAS C-3
(Continued)
WATER AND SEWER ENTERPRISE FUND
COMPARATIVE STATEMENTS OF CASH FLOWS
Years ended September 30, 1990 and 1989
1990 1989
INVESTING ACTIVITIES
Net decrease in restricted assets $ 162,548 $ 297,699
Interest received on investments 406,673 411,773
NET CASH PROVIDED BY
INVESTING ACTIVITIES 569,221 709,472
NET INCREASE IN CASH
AND CASH EQUIVALENTS 173,078 5,549
Cash and cash equivalents,
beginning of year 1,774,902 1,769,353
CASH AND CASH EQUIVALENTS,
END OF YEAR $ 1,947.980 $ 1.774,902
Noncash investing, capital, and financing activities:
The City increased their capitalized water and sewer facility con-
tract rights and the related obligation to the Trinity River Author-
ity of Texas by $4,676,039 in 1989.
In 1990, the City changed its method of accounting for certain
transactions involved in providing water and sewer services. The
City decreased their capitalized water and sewer facility contract
rights and related accumulated amortization by a net amount of
$20,562,707, decreased obligations under capitalized water and sewer
facility contract rights by $21,713,627 and increased retained earn-
ings at October 1, 1989, by $1,150,920 for the cumulative effect of
the change in accounting method. In another accounting change, the
City reported accumulated depreciation on utility plant acquired
from capital contributions as a reduction of contributed capital; it
had previously classified such depreciation as a charge to retained
earnings. This change increased retained earnings $3,776,857 and
reduced contributed capital by the same amount at September 30, 1990.
ASSETS
Current assets:
Cash and cash equivalents
Accounts receivable, less allowance
for estimated uncollectible accounts
of $1,463
Unbilled water and sewer revenue
Accrued in`zrest receivable
Due from other funds
TOTAL CURRENT ASSETS
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
AGGREGATING SCHEDULE OF BALANCE SHEET ACCOUNTS
September 30, 1990
C-4
Capital Debt Service Total
Operating Projects Service Center Impact Fees September 30,
Account Account Account Account Account Eliminations 1990
$ 1,949,160 $
725,528
339,038
72,495
132,000
3,218,221
$ — $ (1,677) $ 497 $ — $ 1,947,980
Restricted assets:
Revenue bond debt service:
Cash with paying agent 24,876
Revenue bond retirement:
Investments with paying agent, at cost 1,414,177
Revenue bond emergency:
Short—term investments 500,000
Property sale proceeds account:
Investments with paying agent, at cost 439,622
Capital projects account:
Short—term investments 65,438
Customer deposits:
Short—term investments 543,083
Interest receivable on investments 58,759
TOTAL RESTRICTED ASSETS 1,043,083 65,438 1,937,434
Utility plant and equipment in
service, at cost:
Land 1,528,966
Equipment 887,447
Waterworks and sanitary sewer system 25,031,672
27,448,085
Less accumulated depreciation 8,216,804
NET UTILITY PLANT AND
EQUIPMENT IN SERVICE 19,231,281
TOTAL ASSETS $23.492.585 $ 65.438 11,937 434
725,528
339,03E
72,495
132,000
(1,677) 497 3,217,041
(1,677) $ 497
24,876
1,414,177
500,000
439,622
65,438
543,083
58,759
3,045,955
1,528,966
887,447
25,031,672
27,448,085
8,216,804
19,231,281
$25,494277
(continued)
LIABILITIES AND FUND EQUITY
Current liabilities:
Payable from current assets:
Accounts payable and accrued salaries
and wages
Due to (from) other water and sewer
accounts
Due to other funds
TOTAL CURRENT LIABILITIES
Payable from restricted assets:
Customer and escrow deposits
Current portion of revenue bonds
payable
Accrued interest
Revenue bonds payable
Deferred revenue
TOTAL LIABILITIES
Fund equity:
Contributed capital:
From subdividers
From Environmental Protection Agency
From Trinity River Authority
Accumulated depreciation on assets
acquired with contributed capital
NET CONTRIBUTED CAPITAL
Retained earnings:
Reserved for:
Revenue bond debt service,
next maturing
Revenue bond retirement
Emergency
Construction
TOTAL RESERVED
Unreserved
TOTAL RETAINED EARNINGS (DEFICIT)
TOTAL FUND EQUITY
TOTAL LIABILITIES AND FUND EQUITY
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
AGGREGATING SCHEDULE OF BALANCE SHEET ACCOUNTS
September 30, 1990
Operating
Account
$ 58,385
180,000
110,920
349,305
543,083
290,000
Capital
Projects
Account
$ -
(209,787)
(209,787)
4,325,000
127,273
5,634,661 (209,787)
12,972,185 564,927
239,617
15,000
12,972,185 819,544
3,776,857
9,195,328 819,544
500,000
500,000
8,162,596
8,662,596
17,857,924
65,438
65,438
(609,757)
(544,319)
275,225
$23.492.585 $ 65.438
Debt
Service
Account
$ - $
66,908
66,908
24,876
1,555,650
1,580,526
290,000
1,870,526
1,870,526
$1,937434
Service
Center
Account
(1,677)
(1,677)
Impact Fees
Account Eliminations
29,787
29,787
29,787
(29,290)
(29,290)
(1,677) (29,290)
C-4
(Continued)
Total
September 30,
1990
$ - $ 58,385
110.920
169,305
543,083
290,000
66,908
4,325,000
127,273
5,521,569
13,537,112
239,617
15,000
13,791,729
3,776,857
10,014,872
24,876
1,555,650
500,000
65,438
2,145,964
7,811,872
9,957,836
19,972,708
$ (1 677) 1_ 497 $ - $25,494,277
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
AGGREGATING SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ACCOUNTS
Year ended September 30, 1990
C-5
Capital Debt Service Total
Operating Projects Service Center Impact Fees September 30,
Account Account Account Account Account Eliminations 1990
Operating revenues:
Water service $ 4,651,013 $ - $ - $ - $ - $ - $ 4,651,013
Sewer service 2,608,620 2,608,620
Water and sewer tap fees 130,521 130,521
Service fees and miscellaneous 186,371 3,000 189,371
TOTAL OPERATING REVENUES 7,576,525 3,000 7,579,525
Operating expenses:
General and administrative 336,050 32,290 368,340
Water production 3,142,204 3,142,204
Water distribution 298,759 29R,759
Utility engineering 156,984 156,984
Sewage collection and treatment 1,119,695 1,119,695
Nondepartmental 1,212,349 69,282 1,2R1,631
Service center 391,003 391,903
Depreciation 793,463 793,463
I TOTAL OPERATING EXPENSES 7,059,504 69,282 391,903 32,290 7,552,979
OPERATING INCOME (LOSS) 517,021 (69,282) (391,903) (29,290) 26,546
Nonoperating revenue (expenses):
Investment income 443,163 443,163
Loss on sale of equipment (3,575) (3,575)
Interest on revenue bonds (327,288) (327,288)
112,300 112,300
INCOME (LOSS) BEFORE OPERATING TRANSFERS 629,321 (69,282) (391,903) (29,290) 13R,R46
Operating transfers from other water and
sewer accounts 113,244 180,000 400,000 (693,244)
Operating transfers to other funds or water and
sewer accounts (929,907) (87,455) (25,789) 693,244 (349,907)
INCOME (LOSS) BEFORE CUMULATIVE
EFFECT OF CHANGE IN ACCOUNTING METHOD (187,342) 23,263 (25,789) R,097 (29,290) (211,061)
Cumulative effect of change in accounting method 1,150,920 1,150,920
NET INCOME (LOSS) 963,578 23,263 (25,789) 8,097 (29,290) 039,859
Add depreciation on fixed assets acquired
with contributed capital:
Depreciation charged to expense in 1990 422,207 422,207
Depreciation arising in years prior to 1990 3,354,650 3,354,650
Residual equity transfer (219,599) (219,599)
INCREASE IN RETAINED EARNINGS 4,520,836 23,263 (25,789) 8,097 (29,290) 4,497,117
Retained earnings (deficit), beginning of year 4,141,760 (567,582) 1,896,315 (9,774) 5,460,719
RETAINED EARNINGS (DEFICIT), END OF YEAR $ 8,662,596 $ (544,319) $1,870,526 $ (1,677) $ (29,290) $ - $ 9,957,836
INTERNAL SERVICE FUNDS
Equipment Replacement Fund - to account for the accumulation of funds
planned to be used in replacing existing assets. Funding is pro-
vided annually by the user departments.
Insurance Fund - to account for the revenue and expenditures resulting
from providing health insurance to the City's employees.
Workmen's Compensation Fund - to account for the revenue and expendi-
tures applicable to the self-insurance program for workmen's compen-
sation claims.
Note: In prior years, the Insurance Fund and the Workmen's Compensa-
tion Fund were presented as special revenue funds and the
equipment replacement activities were included in the General
Fund. The Equipment Replacement Fund was initiated in 1990.
Since these funds basically account for the cost of providing
goods or services by one department to other departments, they
have been reclassified to internal service funds to more appro-
priately reflect the nature of their operations.
CITY OF EULESS, TEXAS
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
September 30, 1990
Equipment Workmen's
Replacement Insurance Compensation Totals
Fund Fund Fund 1990
ASSETS
1989
D-1
Cash and cash
equivalents $ 354,193 $ 8,167 $ 143,713 $ 506,073 $ 261,839
TOTAL CURRENT
ASSETS 354,193 8,167 143,713 506,073 261,839
Equipment, at cost 107,233 107,233
TOTAL ASSETS $ 461,426 $ 8,167 $ 143,713 $ 613.306_ $ 261.839
LIABILITIES AND
RETAINED EARNINGS
Accounts payable $ - $ 66,504 $ 69,500 $ 136,004 $ 66,504
Due to other funds 41,000 41,000 41,000
TOTAL CURRENT
LIABILITIES 107,504 69,500 177,004 107,504
Retained earnings:
Unreserved 461,426 (99,337) 74,213 436,302 154,335
TOTAL LIABILITIES
AND RETAINED EARNINGS $ 461,426 $ 8,167 $ 143.713 $ 613,306 $ 261839
Operating revenues:
Insurance premiums
Service fees and
miscellaneous
TOTAL OPERATING
REVENUES
Operating expenses:
General and
administrative
Insurance costs
TOTAL OPERATING
EXPENSES
OPERATING
INCOME (LOSS)
CITY OF EULESS, TEXAS D-2
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
Year ended September 30, 1990
Equipment Workmen's
Replacement Insurance Compensation Totals
Fund Fund Fund 1990
$
1989
- $ 756,037 $ 240,000 $ 996,037 $ 924,425
235,423 235,423
235,423 756,037 240,000 1,231,460 924,425
6,303
6,303
229,120
108,475
781,768
890,243
(134,206)
26,672
258,581
285,253
(45,253)
141,450 64,543
1,040,349 705,547
1,181,799, 770,090
49,661 154,335
Nonoperating
revenues:
Investment
income 12,707 12,707
NET INCOME (LOSS) 241,827 (134,206) (45,253) 62,368
Residual equity
transfer 219,599 219,599
Retained earnings,
beginning of year 34,869 119,466 154,335
RETAINED EARNINGS
(DEFICIT),
END OF YEAR $ 461,426
$ (99,337) $ 74,213 $ 436,302
154,335
154,335
OPERATING ACTIVITIES
Operating income
(loss)
Adjustments to
reconcile operat-
income (loss) to
net cash provided
by (used in)
operating
activities:
Increase in
accounts payable
Increase in due
to other funds
Total adjustments
NET CASH PROVIDED BY
(USED IN) OPERATING
ACTIVITIES
NONCAPITAL FINANCING
ACTIVITIES
Residual equity
transfer
FINANCING ACTIVITIES
Purchase of
equipment
INVESTING ACTIVITIES
Interest received
on investments
NET INCREASE
(DECREASE) IN CASH
AND CASH EQUIVALENTS
Cash and cash
equivalents,
beginning of year
CASH AND CASH
EQUIVALENTS,
END OF YEAR
CITY OF EULESS, TEXAS
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS
Year ended September 30, 1990
Equipment
Replacement
Fund
$ 229,120
229,120
219,599
(107,233)
12,707
354,193
354,193
D-3
Workmen's
Insurance Compensation Totals
Fund Fund 1990 1989
$ (134,206) $ (45,253) $ 49,661 $ 154,335
(134,206)
69,500
69,500
24,247
69,500
69,500
119,161
66,504
66,504
220,839
219,599
(107,233)
12,707
(134,206) 24,247 244,234 220,839
142,373 119,466 261,839 41,000
$ 8,167 $ 143,713 1__506,073 t$ 261,839.
GENERAL FIXED ASSETS ACCOUNT GROUP
To account for fixed assets not used in proprietary fund operations.
CITY OF EULESS, TEXAS
COMPARATIVE SCHEDULES OF GENERAL FIXED ASSETS
BY SOURCE
September 30, 1990 and 1989
General fixed assets:
Land
Buildings
Improvements other than buildings
Machinery and equipment
TOTAL GENERAL FIXED ASSETS
Investment in general fixed assets by
source:
General fund
Special revenue funds
Capital projects funds
1990
$ 871,250
4,706,440
800,417
3,524,524
$9.902,631
$4,858,875
133,658
4,910,098
TOTAL INVESTMENT IN GENERAL FIXED ASSETS 19,902.631
E-1
1989
$ 870,379
4,571,052
583,015
3,727,557
$9,752,003
$4,749,483
83,249
4,919,271
$99,752.003
CITY OF EULESS, TEXAS
SCHEDULE OF GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY
September 30, 1990
Function
and Activity
General government
Public saftey
Culture and
recreation
Highways and
streets
Land
Buildings
$ 269,959 $1,382,874
234,325 1,094,413
366,966 2,229,153
TOTAL GENERAL
FIXED ASSETS $ 871.250 $4,706,440
Improvements
Other Than
Buildings
Machinery
and
Equipment
$ - $ 541,272
1,984,316
800,417
$ 800,417
579,471
419,465
$3, 524, 524
E-2
Total
$2,194,105
3,313,054
3,976,007
419,465
$9.902,631
CITY OF EULESS, TEXAS E-3
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS
BY FUNCTION AND ACTIVITY
Function and Activity
General government
Public safety
Culture and recreation
Highways and streets
Year ended September 30, 1990
General Fixed
Assets
September 30,
1989
$2,146,084
3,449,704
3,732,605
423,610
Additions
$ 57,480
184,203
254,746
Deductions
$ 9,459
320,853
11,344
4,145
$9.752,003 $ 496.429 $ 345,801
General Fixed
Assets
September 30,
1990
$2,194,105
3,313,054
3,976,007
419,465
$9,902,631
ao
ST ATISTIC AL
SECTION
Fiscal General
Year Government
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
$ 739,346
737,311
741,825
905,018
1,060,047
1,197,589
1,316,296
1,436,132
1,385,187
1,535,020
CITY OF EULESS, TEXAS
GENERAL GOVERNMENTAL EXPENDITURES BY FUNCTION (1)
Last ten fiscal years
(Unaudited)
Public
Safety
$1,734,324 $
2,285,229
2,447,377
3,529,424
3,963,322
4,954,072
4,649,517
5,503,148
5,643,811
5,633,042
Culture -
Streets Recreation
255,642
332,829
323,104
364,058
401,902
424,806
402,974
396,572
480,722
541,013
$ 530,593
644,703
667,854
859,754
947,590
1,015,965
1,034,905
1,217,531
1,332,050
1,371,962
(1) Includes General and Debt Service Funds.
Debt
Service
$ 427,658
429,364
425,799
506,439
780,540
964,011
1,341,171
1,313,298
1,357,689
1,486,417
Other
$ 418,557
458,351
480,838
509,600
592,995
760,176
593,150
567,795
648,861
1,011,379
TABLE 1
Total
$ 4,106,120
4,887,787
5,086,797
6,674,293
7,746,396
9,316,619
9,338,013
10,434,476
10,848,320
11,578,833
Fiscal
Year Taxes
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
$3,229,395
3,609,418
4,320,153
4,967,971
5,902,338
6,374,355
7,450,693
8,044,902
8,394,653
8,529,240
CITY OF EULESS, TEXAS
GENERAL GOVERNMENTAL REVENUES BY SOURCE (1)
Last ten fiscal years
(Unaudited)
Licenses
and
Permits
$ 187,263
191,551
379,549
601,181
429,929
330,136
201,468
164,031
222,424
290,944
$
Inter-
Govern -
mental
Revenues
206,722 $
312,553
288,355
402,107
521,896
601,988
535,814
380,612
265
19,078
(1) Includes General and Debt Service Funds.
Charges
for
Services
34,590
37,714
38,254
38,484
51,401
60,466
52,890
54,682
43,053
55,163
Fines
and
Fees
$ 208,746
259,293
200,793
265,800
356,381
423,482
413,120
501,151
904,238
1,158,986
Interest
Income
and Other
Revenues
$ 443,065 $
375,297
457,210
594,673
702,740
664,199
729,595
610,444
1,035,689
929,589
TABLE 2
Total
4,309,781
4,785,826
5,684,314
6,870,216
7,964,685
8,454,626
9,383,580
9,755,822
10,600,322
10,983,000
CITY OF EULESS, TEXAS
PROPERTY TAX LEVIES AND COLLECTIONS
Last ten fiscal years
(Unaudited)
TABLE 3
Percent of Outstanding Percent of
Percent Delinquent Total Tax Delinquent Delinquent
Fiscal Total Tax Current Tax of Levy Tax Total Tax Collections Taxes at Taxes to
Year Levy Collections Collected Collections Collections to Tax Levy Year-end Tax Levy
1981 $1,966,178 $1,889,920 96.12% $ 101,408 $1,991,328 101.28% $ 188,405 9.58%
1982 2,133,114 2,045,992 95.92 71,417 2,117,409 99.26 202,081 9.47
1983 2,597,676 2,543,591 97.92 39,762 2,583,353 99.45 246,369 9.48
1984 2,808,055 2,745,623 97.78 77,156 2,822,779 100.52 268,760 9.57
1985 3,298,386 3,182,483 96.49 127,288 3,309,771 100.35 256,955 7.79
1986 3,814,110 3,575,594 93.75 76,236 3,651,830 95.75 393,256 10.31
1987 4,845,209 4,704,417 97.09 167,892 4,872,309 100.56 428,865 8.85
1988 5,001,323 4,921,426 98.40 174,978 5,096,404 101.90 355,562 7.11
1989 4,975,719 4,926,213 99.00 165,469 5,091,682 102.33 331,891 6.67
1990 5,162,838 5,150,783 99.77 175,439 5,326,222 103.16 329,745 6.39
Fiscal
Year
1981 (1)
1982 (2)
1983 (2)
1984 (2)
1985 (2)
1986 (2)
1987 (2)
1988 (2)
1989 (2)
1990 (2)
Assessed
Value
$ 248,902,180
265,109,240
332,750,708
343,084,060
697,008,884
779,704,042
1,080,231,222
1,024,645,236
968,871,391
967,682,949
CITY OF EULESS, TEXAS
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
Last ten fiscal years
(Unaudited)
Real Property
Estimated
Actual Value
$ 248,902,180
265,109,240
332,750,708
343,084,060
697,008,884
779,704,042
1,080,231,222
1,024,645,236
968,871,391
967,682,949
Personal Property
Assessed Estimated
Value Actual Value
$ 31,980,350
39,621,390
57,430,322
58,805,741
68,347,443
88,759,776
101,144,524
112,007,718
112,795,668
117,494,828
$ 31,980,350
39,621,390
57,430,322
58,805,741
68,347,443
88,759,776
101,144,524
112,007,718
112,795,668
117,494,828
(1) Source: Hurst —Euless —Bedford Independent School District.
(2) Source: Tarrant County Appraisal District.
Assessed
Value
Total
Estimated
Actual Value
$ 280,882,530
304,730,630
390,181,030
401,889,801
765,356,327
868,463,818
1,181,375,746
1,136,652,954
1,081,667,059
1,085,177,777
$ 280,882,530
304,730,630
390,181,030
401,889,801
765,356,327
868,463,818
1,181,375,746
1,136,652,954
1,081,667,059
1,085,177,777
TABLE 4
Ratio of Total
Assessed to
Total Estimated
Actual Value
100%
100
100
100
100
100
100
100
100
100
CITY OF EULESS, TEXAS TABLE 5
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
(PER $100 OF ASSESSED VALUE)
Last ten fiscal years
(Unaudited)
Fiscal City School County Hospital Junior College
Year (1) (2) (3) (3) (3) Total
1981 $.70 $1.24 $.285 $.31 $.095 $2.63
1982 .70 1.24 .204 .168 .048 2.36
1983 .70 1.24 .202 .178 .052 2.37
1984 .70 1.24 .125 .104 .031 2.20
1985 .44 .74 .125 .104 .031 1.44
1986 .44 .82 .09866 .09634 .03165 1.48665
1987 .42 .78 .11772 .11125 .03153 1.46050
1988 .44 .9169 .11772 .11125 .03153 1.6174
1989 .46 1.02 .156509 .13300 .03148 1.80098
1990 .4875 1.06 .1820 .1530 .0330 1.9155
NOTES:
(A) General property taxes for cities are limited by the Texas Constitu-
tion to $2.50 per $100 of assessed valuation.
(B) City general property taxes are due each year on October 1 and
become delinquent on February 1 each year. Penalties are assessed
on late payments ranging from 1% after February 1 to 8% after
July 1. Interest is charged on late payments at the rate of 1/2 of
1% for each month's delinquency. There are no discounts.
(C) The City's taxes are collected by the Hurst -Euless -Bedford Indepen-
dent School District and are distributed to the City as collected.
Sources: (1) City Records
(2) Hurst -Euless -Bedford Independent School District
(3) Tarrant County
-57-
CITY OF EULESS, TEXAS
PRINCIPAL TAXPAYERS
September 30, 1990
(Unaudited)
Taxpayer
Sunbelt Savings Association
of Texas
Robert S. Folsom, et. al.
Southwestern Bell Telephone
Company
Texas Utilities Electric
Company
Prudential Reality Group
First City Savings
Association
Sky Chef, Inc.
Everoak Partners
Courage Point Apartments
Crossmark Partners II, Ltd.
Nature of
Property
Land
Apartments
Telephone
Utility
Electric
Utility
Retail
Real Estate
Food service
Apartments
Apartments
Apartments
1990
Assessed
Valuation
$ 36,610,216
18,468,930
17,289,615
16,214,523
9,791,345
8,271,406
8,191,366
7,717,728
7,143,853
6,687,453
TABLE 6
Percentage
of Total
Assessed
Valuation
3.38%
1.70
1.59
1.49
. 90
. 76
.75
. 72
. 66
. 61
$136,386,435 12.56%
CITY OF EULESS, TEXAS
COMPUTATION OF LEGAL DEBT MARGIN
September 30, 1990
(Unaudited)
TABLE 7
Article XI, Section 5 of the State of Texas Constitution states in
part:
"...no tax for any purpose shall ever be lawful for any one
year, which shall exceed two and one-half percent of the tax-
able property of such city."
Additionally, the state Attorney General's Office normally limits
general property taxes to $1.50 per $100 of assessed valuation for the
payment of principal and interest on general obligation bonds.
The City's total tax rate for fiscal 1990 was established at $.49 per
$100 of assessed valuation based on 100% of appraised value.
-59-
Fiscal
Year Population
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
26,100
26,100
28,200
32,350
36,050
37,650
38,700
39,750
40,250
41,100
(1)
CITY OF EULESS, TEXAS TABLE 8
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA
Last ten fiscal years
(Unaudited)
Assessed Value (2)
$ 280,882,530 (A)
304,730,630
390,181,030
401,889,801
765,356,327
868,463,818
1,181,375,746
1,136,652,954
1,081,667,059
1,085,177,777
General Less Debt
Bonded Debt Service Funds
$ 5,225,000 $ 173,872
5,070,000 171,395
5,520,000 235,147
7,825,000 285,142
9,095,000 348,633
10,396,586 313,522
10,684,514 318,010
10,564,783 383,429
11,475,440 568,807
12,836,159 592,607
(1) Source: Estimates by North Central Texas Council of Governments
(2) Source: Tarrant County Appraisal District.
NOTE: (A) Increased basis of assessment from 65% to 100%.
Net
Bonded Debt
$ 5,051,128
4,898,605
5,284,853
7,539,858
8,746,367
10,083,064
10,366,504
10,181,354
10,906,633
12,243,552
Ratio of Net
Bonded Debt to
Assessed Value
1.80%
1.61
1.35
1.88
1.14
1.16
.88
.90
1.01
1.13
as adjusted for 1980 census data.
Net Bonded
Debt
Per Capita
$194
188
187
233
243
268
268
256
271
298
CITY OF EULESS, TEXAS TABLE 9
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR
GENERAL OBLIGATION BONDED DEBT TO TOTAL GENERAL EXPENDITURES
Fiscal
Year Principal
1981 $145,000
1982 155,000
1983 165,000
1984 195,000
1985 230,000
1986 290,000
1987 60,428
1988 549,732
1989 589,342
1990 639,281
Last ten fiscal years
Interest
(A)
$ 282,658
274,364
260,799
311,439
550,540
674,011
1,280,743
763,566
768,347
847,136
(Unaudited)
Total Debt
Service
$ 427,658
4 29, 364
425,799
506,439
780,540
964,011
1,341,171
1,313,298
1,357,689
1,486,417
Total
General
Expenditures
$
4,106,120
4,887,787
5,086,797
6,674,293
7,746,396
9,316,619
9,338,013
10,434,476
10,848,320
11,578,833
(A) Includes fiscal agent fees which are insignificant.
Ratio of
Debt Service
to Total
General
Expenditures
10.42%
8.78
8.37
7.59
10.08
10.35
14.36
12.59
12.52
12.84
CITY OF EULESS, TEXAS
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
September 30, 1990
(Unaudited)
TABLE 10
Percent Amount
Applicable Applicable
Net Debt to City of to City of
Jurisdiction Outstanding Euless Euless
City of Euless $ 12,243,552 100.00% $12,243,552
Grapevine - Colleyville Indepen-
dent School District 53,900,000 2.12 1,142,680
Hurst -Euless -Bedford Independent
School District 44,972,000 26.79 12,047,998
Tarrant County
Tarrant County Junior College
District
Tarrant County Hospital District
TOTAL DIRECT AND
OVERLAPPING DEBT
109,860,000 2.72 2,988,192
43,600,000 2.72 1,185,920
43,275,000 2.72 1,177,080
$30.785.422
Fiscal
Year
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
Gross
Revenues
(1)
$3,252,549
3,610,582
4,138,656
5,197,388
6,601,117
6,169,486
7,677,625
7,273,249
7,442,771
8,022,688
Direct
Operating
Expenses
$2,289,427 (3)
2,557,799 (3)
2,897,770 (3)
3,100,233 (3)
3,691,945 (3)
4,865,806 (3)
5,595,639 (3)
6,133,001 (3)
5,550,251 (3)
6,759,516 (2)
CITY OF EULESS, TEXAS
REVENUE BOND COVERAGE
WATER AND SEWER BONDS
Last ten fiscal years
(Unaudited)
Ne t
Revenue
Available
for Debt
Service
$ 963,122
1,052,783
1,240,886
2,097,155
2,909,172
1,303,680
2,081,986
1,140,248
1,892,520
1,263,172
Debt Service Requirements
TABLE 11
Principal Interest Total Coverage
$183,800 $ 328,800 2.93
177,138 332,138 3.17
170,075 330,075 3.76
475,323 640,323 3.28
422,923 672,923 4.32
406,625 661,625 1.97
390,012 665,012 3.13
372,300 677,300 1.68
347,301 657,301 2.88
327,288 647,288 1.95
$145,000
155,000
160,000
165,000
250,000
255,000
275,000
305,000
310,000
320,000
(1) Includes operating revenues and interest on investments.
(2) Excludes amortization and depreciation.
(3) Excludes amortization and depreciation and includes theoretical debt service pay-
ments to Trinity River Authority treated as operating expense for bond coverage
purposes through fiscal 1989; subsequent to fiscal 1989, accounting for Trinity
River Authority payments was changed and is consistent with the debt service treat-
ment above.
CITY OF EULESS, TEXAS
DEMOGRAPHIC STATISTICS
Last ten fiscal years
(Unaudited)
TABLE 12
Fiscal Per Capita School Unemployment
Year Population (1) Income (2) Enrollment (3) Rate (4)
1981 26,100 $ 10,226 14,845 4.4%
1982 26,100 11,184 15,003 5.7
1983 28,200 12,091 15,172 4.9
1984 32,350 13,006 15,606 4.2
1985 36,050 13,940 15,248 5.0
1986 37,650 14,828 16,067 6.7
1987 38,700 15,739 16,818 6.9
1988 39,750 16,650 16,887 5.7
1989 40,250 17,560 17,011 5.8
1990 41,100 18,471 18,700 5.6
Sources:
(1) Estimates by North Central Texas Council of Governments
(2) Estimates by City
(3) Hurst -Euless -Bedford Independent School District
(4) Texas Employment Commission
CITY OF EULESS, TEXAS
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
Last ten fiscal years
(Unaudited)
Construction (1)
Fiscal Number
Year of Permits
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
410
741
1,178
1,139
879
443
314
405
392
559
(1) Source:
(2) Source:
(3) Source:
(4) Source:
Estimated
Value
$ 21,485,417
29,631,480
66,419,093
113,992,018
47,670,451
42,546,836
14,128,587
27,937,240
23,231,436
23,370,614
Bank
Deposits
(4)
(000's)
$ 33,029 $
34,651
36,219
44,872
48,834
72,689
93,681
186,022
182,305
89,192
TABLE 13
Property Value
280,882,530
304,730,630
390,181,030
401,889,801
765,356,327
868,463,818
1,181,375,746
1,136,652,954
1,081,667,059
1,085,177,777
City Records
Tarrant County Appraisal District
Hurst -Euless -Bedford Independent School District
Bank Records
NOTE: (A) Increased basis of assessment from 65% to 100%.
(3) (A)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
Fiscal
Year
(1)
Net Assets
Available
for
Benefits
1989 $8,594,400
1990 9,732,600
CITY OF EULESS, TEXAS
RETIREMENT PLAN - ANALYSIS OF FUNDING PROGRESS
Past Two Fiscal Years
(Unaudited)
(1)
Pension
Benefit
Obligation
$11,295,300
12,706,000
Percentage
Funded
76.09%
76.60
(1)
Unfunded
Pension
Benefit
Obligation
$2,700,900
2,973,400
Note: Data available for only the two years shown.
Sources: (1) Texas Municipal Retirement System
(2) City records.
(2)
Annual
Covered
Payroll
$6,781,968
6,756,115
TABLE 14
Unfunded Pension
Benefit
Obligation as a
Percentage of
Covered Payroll
39.82%
44.01
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICS
September 30, 1990
(Unaudited)
TABLE 15
Date of incorporation February 24, 1953
Date of adoption of Charter July 21, 1962
Form of government:
Home Rule, Council -Manager
Mayor - elected at large
Five council members
Area 16.9 square miles
Full time City employees 252
Police protection:
Number of stations
Number of certified officers
Fire protection:
Number of stations
Number of certified firefighters
53
3
43
Parks and recreation:
Number of swimming pools 3
Number of parks 13
Area of parks 184 acres
Community buildings 2
Library holdings 53,821
Education:
Elementary Schools 7
Junior High Schools 2
High School 1
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICS
September 30, 1990
(Unaudited)
City Water and Sewer service:
Water service:
Number of customers
Maximum daily capacity available from
Trinity River Authority
Maximum daily capacity of City water wells
Total daily capacity
Maximum daily consumption
Average daily consumption
Water mains
Fire hydrants
Sewer service:
Average daily flow of wastewater
Number of customers
Sewer mains
Streets:
Improved
State highways
TABLE 15
(Continued)
18,015
14,000,000 gallons
4,000,000 gallons
18,000,000 gallons
11,920,000 gallons
5,622,000 gallons
148 miles
1,120
2,900,000 gallons
17,576
125 miles
120 miles
17.2 miles