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HomeMy WebLinkAboutFY 1971 Financial Statements and Supplementary Information - AuditCITY OF EULESS, TEXAS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED SEPTEMBER 30, 1971 with REPORT OF CERTIFIED PUBLIC ACCOUNTANTS Prepared by Mrs. Vada Ferris City Secretary Exhibit A Exhibit A-1 Exhibit A-2 Exhibit A-3 Exhibit A-4 Exhibit A-5 Exhibit B Exhibit B-1 Exhibit B-2 Exhibit B-3 Exhibit C Exhibit C-1 Exhibit C-2 Exhibit D Exhibit D-1 Exhibit D-2 CONTENTS The Municipal Finance Officers Association Certificate of Conformance Letter of transmittal Report of certified public accountants Financial statements Combined balance sheet - all funds Combined statement of cash receipts and disbursements - all funds Combined schedule of changes in taxes receivable Combined schedule of taxes receivable by funds Combined schedule of bonds payable Combined schedule of cash and investments General Fund Balance sheet Analysis of changes in fund balance Statement of revenues - estimated and actual Statement of expenditures compared with authorizations Debt Service Fund Balance sheet Analysis of changes in reserve for retirement of general long-term debt Statement of revenues and expenditures Capital Projects Funds Balance sheet Statement of cash receipts and disbursements Statement of expenditures compared with appropriations Page 1 2- 5 6 7 7 8- 9 10-11 12 13 14-15 16-25 26 26 27 28 29 30 Exhibit E Exhibit E-1 Exhibit E-2 Exhibit E-3 Exhibit F Exhibit F-1 Exhibit G Exhibit G-1 Exhibit G-2 Exhibit H Table I Table II Table III Table IV Table V Table VI Table VII Table VIII CONTENTS Financial statements (continued) Water and Sewer Enterprise Fund Balance sheet Analysis of changes in retained earnings Statement of revenues and expenses actual and budgeted Notes to Water and Sewer Enterprise Fund financial statements Schedule of operating expenses budgeted and actual Trust and Agency Funds Balance sheet Statement of cash receipts and disbursements General Fixed Assets Statement of general fixed assets Statement of changes in general fixed assets by source Schedule of general fixed assets classified by departments General long-term debt Statement of general long-term debt Statistical data Tax levies and tax collections Tax rates and tax levies Revenues - other than property taxes Expenditures for selected functions General obligation bonds other than water and sewer revenue debt service charges Revenue water and sewer bonds debt service charges Insurance in force Miscellaneous statistical facts Page 31-32 33 34 35 36-38 39 40 41 42 43 44 45-46 47 48 49 50 51 52-53 54-57 REPORT THE MUNICIPAL FINANCE OFFICERS ASSOCIATION OF THE UNITED STATES AND CANADA tlCertifieo tfjat THE ANNUAL FINANCIAL REPORT OF The City of &u less, Texas Fr the 1 tscat year Cuc e& Scpten>ber3o,196 - CONFORMS TO THE PRINCIPLES AND STANDARDS OF PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE unicipat _finance is-fficero Zt000ciation AND THE , ationai Committee on obernmentai Ztccounting PACE OFFic, OF THE J 'f UNITED STATES' ci AND :`"o'� CANADA NADA ' n i.= 2 CORPORATE i Presented January 13, 1965. Chairman, Committee on Acrmmting Executive Director A Certificate of Conformance is awarded by the Municipal Finance Officers Association of the United States and Canada only to the governmental unit whose financial report is judged to substantially conform to the high standards of financial reporting established by the Association. These standards are contained in publications of the National Com- mittee on Governmental Accounting. City of EULESS, TEXAS BUTLER 3.5381 201 ECTOR DRIVE 76039 November 23, 1971 Honorable A. C. Krause, Mayor and City Council City of Euless Euless, Texas Gentlemen: The annual financial report of the City of Euless, Texas for the fiscal year ended September 30, 1971, is submitted herewith. Accounting System and Reports The City's accounting records for general governmental operations are maintained on a modified cash basis, wherein revenues are reported primarily when collected and expenditures when incurred. Accounting records for the City's utility are maintained on a full accrual basis. In accordance with prescribed standards, depreciation of general fixed assets is not recognized in the City's accounting system; however, depreciation on the depreciable property of the utility is recognized in the accounts and is computed on the expected useful life of the assets. All operating funds of the City function under an annual budget which shows estimated revenues and authorized expenditures by funds. The Municipal Finance Officers Association of the United States and Canada awarded the City of Euless its Certificate of Conformance for the City's 1964 annual financial report. This cer- tificate is awarded only to those governmental units whose financial reports substantially conform with the high standards of financial reporting promulgated by the National Committee on Governmental Accounting. The 1971 annual financial report submitted herewith continues to meet these standards. General Comments Information as to the City's tax assessments and collec- tions, investments, bonded indebtedness, insurance in force, water and sewer revenue bond coverage and other miscellaneous data is contained in tables under "Statistical Data" in the annual financial report. The significant net changes during the year in the balances of the principal operating funds of the City may be summarized as follows: General Fund: Cash and investments Total revenues Total expenditures Water and Sewer Enterprise Fund: Cash and investments Retained earnings, reserves and contributions Increase 1970 1971 (decrease) $ 81,488 $ 178,805 $ 673,102 $ 845,553 $ 612,354 $ 748,284 $ 97,317 $172,451 $135,930 93,601 $ 365,434 $271,833 $1,290,708 $1,669,943 $379,235 U. S. Government securities have been pledged by depository banks sufficient to secure the City's funds on deposit with such banks. Ordinances authorizing the issuance of the City's water and sewer revenue bonds have been read and in accordance with the require- ments of such ordinances, $41,830 has been transferred to the bond paying agent for reserve purposes and $14,931 has been restricted during the current year for emergencies. The City retired an additional $570,000 in water and sewer revenue bonds with $524,250 of the proceeds from the sale of water and sewer facilities to the City of Bedford. A total of $1,640,000 of revenue bonds has been retired to date and $428,915 of principal pro- ceeds remains on deposit with the City's paying agent in New York City. Independent Audit The books of account, financial records and transactions of all administrative departments of the City are subject to audit annually by certified public accountants selected by the City Council. The report of Arthur Young & Company, Certified Public Accountants, is included in this report. Respectfully submitted, graa. Mrs. Vada Ferris City Secretary ARTHUR YOUNG & COMPANY 1000 CONTINENTAL NATIONAL BANK BUILDING FORT WORTH, TEXAS Honorable A. C. Krause, Mayor and City Council City of Euless Euless, Texas We have examined the balance sheets of the various funds and balanced account groups of the City of Euless, Texas, as indexed herein, as of September 30, 1971 and the related state- ments of revenue, expenditures and changes in fund balances and retained earnings for the fiscal year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets and statements of revenue, expenditures and changes in fund balances and retained earnings present fairly the financial position of the various funds and balanced account groups of the City of Euless, Texas at September 30, 1971 and the results of their operations for the fiscal year then ended, in conformity with generally accepted accounting principles applied on a basis con- sistent with that of the preceding year. It is our further opinion that the accounting requirements of the bond ordinances under which the City's general obligation and water and sewer revenue bonds were issued have been met. 0ur examination has been made primarily for the purpose of expressing an opinion on the financial statements, taken as a whole. The accompanying supplementary information, although not considered necessary for a fair presentation of financial position or results of operations, is presented for supplementary analysis purposes. It has been subjected to the tests and other auditing procedures applied in the examination of the financial statements mentioned above and, in our opinion, is fairly stated in all respects material in relation to the financial statements taken as a whole. rbILA/uAi e'",YL-L' cvr1/4r'i-- November 23, 1971 2 CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1971 EXHIBIT A CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1971 ASSETS AND OTHER DEBITS Cash and short-term investments (Exhibit A-5) Taxes receivable (Exhibit A-2) Assessments receivable Accounts receivable (net) Restricted assets: Cash and short-term investments (Exhibit A-5) Cash and investments with paying agent Interest receivable on investments Land Buildings Improvements other than buildings Equipment Construction work in progress Contractual rights Amount available for retirement of general long-term debt Amount to be provided for retirement of general long-term debt General Fund $ 178,805 42,895 Total assets and other debits $ 221,700 3 Debt Service Fund $ 122,933 15,897 Capital Projects Funds $ 436,335 55,070 Water and Sewer Enterprise Fund $ 365,434 84,898 775,972 696,775 14,640 32,970 4,785,899 130,734 207,135 1,363,613 Trust and Agency Funds $ 28,682 $ 138,830 $ 491,405 $8,458,070 $ EXHIBIT A General Fixed Assets 982,378 2,021,130 205,879 General Long-term Debt 122,933 2,467,067 28,682 $3,209,387 $2,590,000 4 CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1971 (Continued) EXHIBIT A CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1971 (Continued) LIABILITIES Payroll taxes and other payables Customer and developers' deposits Accrued revenue bond interest payable Revenue bonds and contractual obligations General long-term debt payable Total liabilities RESERVES AND FUND BALANCES/RETAINED EARNINGS Reserve for uncollected taxes and assessments Reserve for revenue and general bond debt service Reserve for revenue bond retirement Reserve for revenue bond contingency Contributions from subdividers and others Investment in general fixed assets Fund balances Retained earnings $ General Fund 42,895 178,805 Total liabilities, reserves and fund balances/retained earnings $ 221,700 5 Debt Service Fund $ - $ 15,897 122,933 Capital Projects Funds 27,579 27,579 55,070 408,756 Water and Sewer Enterprise Fund $ 15,524 69,620 47,780 6,655,203 6,788,127 26,828 241,032 79,960 810,973 511,150 Trust and Agency Funds $ 17,671 6,451 24,122 4,560 General Fixed Assets 3,209,387 General Long-term Debt 2,590,000 2,590,000 $ 138,830 $ 491,405 $8,458,070 $ 28,682 $3,209,387 $2,590,000 EXHIBIT A 6 CITY OF EULESS, TEXAS COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS Year ended September 30, 1971 Balance Balance 10-1-70 Receipts Disbursements 9-30-71 General Fund $ 81,488 $ 845,553 $ 748,236 $ 178,805 Debt Service Fund 64,933 176,021 118,021 122,933 Capital Projects Funds 143,938 625,143 332,746 436,335 Water and Sewer Enterprise Fund 93,601 1,865,605 817,800 1,141,406 Trust and Agency Funds 396,347 391,678 759,343 28,682 Total - all funds $780,307 $3,904,000 $2,776,146 $1,908,161 EXHIBIT A-1 7 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF CHANGES IN TAXES RECEIVABLE Year ended September 30, 1971 Current Delinquent Total taxes taxes Balance at beginning of year $ 53,818 $ - $ 53,818 Add: Taxes levied 657,924 657,924 Transfers from current taxes 26,183 26,183 Total 737,925 657,924 80,001 Deduct: Collections Transfers to delinquent taxes Adjustments Total deductions 651,326 26,183 1,624 679,133 Balance at end of year $ 58,792 EXHIBIT A-2 630,277 26,183 1,464 657,924 COMBINED SCHEDULE OF TAXES RECEIVABLE BY FUNDS September 30, 1971 Delinquent taxes receivable: General Fund Debt Service Fund EXHIBIT A-3 21,049 160 21,209 $ 58,792 $ 42,895 15,897 $ 581792 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF BONDS PAYABLE September 30, 1971 EXHIBIT A-4 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF BONDS PAYABLE September 30, 1971 Description Bonds authorized Bonds issued: General Obligation Bonds: Series 1964 Series 1965 Series 1966 Series 1968 Series 1971 Water and Sewer Revenue Bonds: (Note) Series 1965 Series 1967 Series 1971 Total issued and outstanding Balance authorized - unissued Note: Rates of interest 3.6% to 3.875% 3.85% to 5% 4.65% 4.5% to 5% 4% to 5.4% 4.5% to 5.5% 4.5% 4.75% to 6% Dates 9-28-64 7- 1-65 7- 1-66 7- 1-68 5-28-71 7-15-65 1-15-67 5-28-71 In addition to the above Water and Sewer Revenue Bonds, the City of Euless has contracted with Trinity River Authority to fund certain bonded indebtedness of that organization from water and sewer revenues. The City is obligated to make monthly payments sufficient to pay maturing principal and interest on bonds in the amount of $2,330,000. However, the City of Bedford, Texas has contracted with the City of Euless to underwrite $895,200 of the principal payments on these bonds in exchange for sewage treatment service provided to that city. The $1,434,800 of bonds payable by the City of Euless will require annual debt service payments averaging approximately $133,425 for the next 28 years. (See notes to the Water and Sewer Enterprise Fund for additional information.) 9 Street and drainage $2,000,000 430,000 295,000 205,000 200,000 350,000 1,480,000 1,480,000 $ 520,000 Bonds Public buildings Parks Water and sewer $790,000 $460,000 $10,800,000 470,000 100,000 160,000 75,000 120,000 75,000 100,000 40,000 110,000 790,000 460,000 3,600,000 2,200,000 800,000 - - 6,600,000 790,000 460,000 6,600,000 $ - $ - $ 4,200,000 • EXHIBIT A-4 • Total $14,050,000 1,000,000 530,000 400,000 300,000 500,000 2,730,000 3,600,000 2,200,000 800,000 Balance outstanding 9-30-71 $ 860,000 530,000 400,000 300,000 500,000 2,590,000 2,770,000 1,390,000 800,000 6,600,000 4,960,000 9,330,000 $ 4,720,000 $ 7,550,000 10 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF CASH AND INVESTMENTS September 30, 1971 EXHIBIT A-5 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF CASH AND INVESTMENTS September 30, 1971 Combined bank balances and investments: Deposit Securities insurance Amount guaranty guaranty Bank accounts: First National Bank of Euless: Consolidated account $ 282,914 $ - $ 20,000 Trust and Agency account 22,231 20,000 Six certificates of deposit 1,602,371 Payroll 300 300 1,907,816 2,270,000 40,300 First State Bank of Euless - Water and Sewer Enterprise account 100 - 100 100 307,000 100 Banker's Trust Company, New York: Water and Sewer Revenue bond reserve account 22,967 - 20,000 Water and Sewer Revenue bond sinking fund account 26,828 20,000 49,795 - 40,000 Total on deposit with banks 1,957,711 $2,577,000 $ 80,400 Petty cash funds 245 Investments in U. S. Government securities: (Held by Bankers Trust Company, New York) Water and Sewer Revenue bond reserve: 6-1/2% U. S. Treasury Notes Water and Sewer Fund - property sales proceeds account - 5-3/4% U. S. Treasury Notes 218,065 428,915 $2,604,936 Securities guaranty is composed of general obligations of various local, state and national governmental bodies which have been placed with a third party by the depository bank as security for deposits of the City of Euless. 11 Cash and investments by fund: Funds: General Fund: Operations $ 178,505 Payroll 300 $ 178,805 General Debt Service Fund 122,933 Water and Sewer Enterprise Fund: Operating 365,434 Revenue bond debt service 26,828 Revenue bond reserve 241,032 Revenue bond contingency 79,960 Property sale proceeds account 428,915 Capital projects account 626,392 Customer deposits 69,620 1,838,181 Trust and Agency Funds: Escrow 6,451 Social security 22,231 28,682 Capital Projects Funds: Park and recreation 185,884 Street and drainage 210,451 Service center 40,000 436,335 Total all funds $2,604,936 Demand accounts Short-term investments Petty cash funds EXHIBIT A-5 $ 355,340 2,249,351 245 $2,604,936 12 CITY OF EULESS, TEXAS GENERAL FUND BALANCE SHEET September 30, 1971 ASSETS Cash and short-term investments (Exhibit A-5) Taxes receivable RESERVES AND FUND BALANCE Reserve for uncollected taxes Fund balance (Exhibit B-1) EXHIBIT B $178,805 42,895 $221.700 $ 42,895 178,805 $221.700 13 CITY OF EULESS, TEXAS GENERAL FUND ANALYSIS OF CHANGES IN FUND BALANCE Year ended September 30, 1971 Fund balance, October 1, 1970 $ 81,536 Add: Excess of revenues over expenditures: Revenues (Exhibit B-2) Expenditures (Exhibit B-3) $845,553 748,284 97,269 Fund balance, September 30, 1971 $178.805 EXHIBIT B-1 14 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF REVENUES - ESTIMATED AND ACTUAL Year ended September 30, 1971 General property taxes collected: Current taxes Delinquent taxes Penalty and interest Gross receipts taxes: Southwestern Bell Telephone Company Texas Power and Light Company Lone Star Gas Company Tarrant County Trash Disposal General sales tax Licenses and permits: Building permits Plumbing permits Electric permits Heating and air conditioning permits Street inspections Miscellaneous permits Electric license exams Fines and fees: Corporation court fines Dog pound fees Estimated revenues $439,600 5,000 1,500 446,100 EXHIBIT B-2 Actual revenues $451,321 15,293 5,215 471,829 Actual over (under) estimated $ 11,721 10,293 3,715 ,25,729 10,850 11,982 1,132 36,000 38,444 2,444 16,000 19,460 3,460 2,200 1,940 (260) 65,050 71,826 6,776 88,000 127,981 39,981 4,000 14,444 10,444 3,500 9,339 5,839 4,000 8,732 4,732 1,000 1,877 877 600 1,531 931 900 1,482 582 2,000 3,059 1,059 16,000 40,464 24,464 65,000 56,389 (8,611) 325 613 288 65,325 57,002 (8,323) 15 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF REVENUES - ESTIMATED AND ACTUAL Year ended September 30, 1971 (Continued) Other revenues: Library receipts Tarrant County library contributions Recreation Department income Tarrant County fire assistance Interest income Rental income Miscellaneous income Reimbursements from water system funds - assessment in lieu of taxes State Library Grant GENERAL FUND REVENUES Estimated revenues $ 1,700 2,000 9,000 2,000 16,503 2,820 3,600 14,304 51,927 $732 , 402 EXHIBIT B-2 Actual revenues $ 2,107 2,000 8,562 2,400 32,653 3,290 8,635 14,304 2,500 76,451 j845553 Actual over (under) estimated $ 407 (438) 400 16,150 470 5,035 2,500 24,524 A113,151 16 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 General Government: Supervision Clerical General labor Extra help Longevity Employee benefits Office supplies Motor fuel Maintenance - furnishings Maintenance - equipment Communications Car allowances Insurance Special services Engineer fees Audit fees Tax office fees Advertising Travel expense and meetings Dues and subscriptions Elections expense Capital expenditures: Furniture Less departmental allocations: Law Enforcement Library Appropriations Expenditures $ 17,232 5,028 4,350 1,580 500 2,700 2,400 300 150 800 1,700 700 500 200 2,400 1,000 10,800 400 6,000 2,200 300 500 61,740 4,020 7,578 11,598 50,142 EXHIBIT B-3 $ 17,400 5,063 4,230 1,870 477 2,777 2,380 234 635 1,828 2,232 677 451 1,779 975 16,461 243 8,906 2,984 150 780 72,532 4,020 7,578 11,598 60,934 Actual (over) under $ (168) (35) 120 (290) 23 (77) 20 66 150 165 (128) (1,532) (177) (251) 621 25 (5,661) 157 (2,906) (784) 150 (280) (10,792) (10,792) 17 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Law Enforcement: Police Department: Supervision Clerical Labor Employee benefits Longevity Overtime Office supplies Wearing apparel Motor fuel supplies Education supplies Maintenance - furniture and fixtures Other supplies Maintenance - motor vehicles Maintenance - signal system Communications Special services Travel expense and meetings Association dues and subscriptions Support of persons Insurance - vehicles Advertising Minor apparatus Awards Capital expenditures: Motor vehicles Furniture and fixtures Signal systems and other Actual (over) Appropriations Expenditures under $ 12,100 $ 12,100 $ - 13,840 15,671 (1,831) 169,270 171,952 (2,682) 17,283 20,385 (3,102) 1,884 2,243 (359) 4,500 4,884 (384) 2,300 1,287 1,013 4,200 4,794 (594) 5,800 5,078 722 400 74 326 75 108 (33) 200 42 158 4,660 6,613 (1,953) 900 852 48 4,000 2,955 1,045 900 1,298 (398) 3,000 2,509 491 1,200 975 225 750 574 176 1,400 3,613 (2,213) 25 14 11 1,200 716 484 50 38 12 12,000 12,552 (552) 1,200 609 591 5,250 3,216 2,034 $268,387 $275,152 $ (6,765) EXHIBIT B-3 18 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Appropriations Expenditures Actual (over) under Law Enforcement: (continued) Legal and Corporation Court: Judge's salary $ 3,600 $ 2,770 $ 830 Clerical 4,644 4,625 19 Office supplies 900 900 City attorney's fees 10,000 7,932 2,068 Refunds 3,500 3,500 Other 210 122 88 Salary -related expenses 670 772 (102) Administrative expense allocation Total Law Enforcement 23,524 17,121 6,403 4,020 4,020 295,931 296,293 (362) Fire Department: Salaries 80,107 77,443 2,664 Employee benefits 3,571 7,773 (4,202) Longevity 587 524 63 Office supplies 100 100 - Wearing apparel 1,630 2,133 (503) Motor fuel supplies 1,500 1,634 (134) Minor apparatus 2,000 1,060 940 Janitorial supplies 850 2,034 (1,184) Chemicals 50 - 50 Educational supplies 50 50 Maintenance - building 500 277 223 Maintenance - instruments and apparatus 1,500 93 1,407 Maintenance - motor vehicles 1,825 2,947 (1,122) Maintenance - signal system 700 802 (102) Insurance 1,118 811 307 Communications 850 1,014 (164) Travel expense and meetings 400 438 (38) EXHIBIT B-3 19 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Fire Department: (continued) Association dues and subscriptions Electric Water Gas Special services and other Utilities - fire station #2 Capital expenditures: Motor vehicles Furniture and fixtures Instruments and apparatus Signal systems Street Department: Supervision Labor Clerical Extra help, overtime and longevity Employee benefits Wearing apparel Motor fuel supplies Office supplies Chemical supplies Mechinical, janitorial and laundry supplies Street lights - electricity and repairs Maintenance - streets Maintenance - machinery and other Maintenance - motor vehicles Insurance - motor vehicles Communications Actual (over) Appropriations Expenditures under $ 100 650 130 300 1,675 1,500 25 1,000 750 2,000 105,468 9,900 26,256 4,398 1,130 3,610 832 1,750 200 800 75 6,000 8,000 1,250 700 850 250 EXHIBIT B-3 $ 57 1,168 412 684 3,678 631 105,713 $ 43 (518) (282) (384) (2,003) 1,500 25 1,000 750 1,369 (245) 8,750 1,150 25,403 853 1,204 3,194 1,161 (31) 3,663 (53) 837 (5) 1,717 33 191 9 421 379 30 45 5,083 917 10,377 (2,377) 1,019 231 790 (90) 1,011 (161) 250 20 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Appropriations Expenditures Actual (over) under Street Department: (continued) Minor apparatus $ 500 $ 481 $ 19 Travel expense 50 50 Capital expenditures: Motor vehicles and machinery 3,200 2,888 312 69,751 65,276 4,475 Animal Control: Labor 9,252 9,098 154 Longevity 324 324 Overtime 550 622 (72) Employee benefits 925 1,115 (190) Office supplies 150 150 Motor fuel supplies 150 130 20 Maintenance - motor vehicles 170 711 (541) Maintenance - signal systems 90 72 18 Wearing apparel 208 268 (60) Insurance 137 110 27 Animal care 200 267 (67) Other 395 1,168 (773) 12,551 14,035 (1,484) Inspection Department: Supervision 6,860 6,958 (98) Clerical 4,398 4,375 23 Labor operations 6,174 6,174 Extra help 300 391 (91) Longevity 378 401 (23) Employee benefits 1,580 1,913 (333) Office supplies 450 327 123 Motor fuel supplies 600 600 - Insurance 270 481 (211) Maintenance - motor vehicles 200 241 (41) Maintenance - signal systems 90 71 19 Communications 300 300 Advertising 100 104 (4) Travel expense and meetings 200 232 (32) EXHIBIT B-3 21 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Actual (over) Appropriations Expenditures under Inspection Department: (continued) Association dues and subscriptions $ 100 $ 22 $ 78 Minor apparatus 80 11 69 Capital expenditures - fixtures 157 (157) 22,080 22,758 (678) School Crossing Guard: Labor 6,755 4,960 1,795 Benefits 573 459 114 7,328 5,419 1,909 Library: Supervision 5,028 5,028 Clerical 11,568 11,568 Extra help 3,420 4,107 (687) Longevity 503 572. (69) Benefits 1,800 2,054 (254) Office supplies 1,200 1,423 (223) Insurance 528 715 (187) Maintenance 350 340 10 Rebinding books 1,000 1,119 (119) Communications 324 305 19 Travel expense and meetings 350 223 127 Association dues and subscriptions 110 91 19 Other 1,030 306 724 Capital expenditures: Books 8,000 7,006 994 35,211 34,857 354 Administrative expense allocation 7,578 7,578 - $ 42,789 $ 42,435 $ 354 EXHIBIT B-3 22 CITY OF EULESS,, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Appropriations Expenditures Actual. (over) under Recreation Department: Supervision $ 1,860 $ :1.,800 $ 60 Clerical 1,682 1,646 36 Labor 9,625 9,415 210 Employee benefits 690 7:13 (23) Office supplies 400 34:1 59 Motor fuel :1.50 .1.50 :Insurance :1.45 118 27 Minor apparatus 25 :1.6 9 Maintenance , building 1.00 :1.00 Maintenance e machinery and implements 200 41. 1.59 Communications :1.00 100 Educational and recreational 400 371 29 Travel :1.50 :1.23 27 Rentals 200 200 Association dues and subscriptions :1.0 13 (3) Electric 2,000 1,021 979 Hire of equipment 1.95 1.95 Contributions and awards 200 75 :1.25 Special services 50 935 (885) 189182 :1.7,073 1.,109 Park. Department Supervision 660 650 :1.0 Clerical 1,682 :1.,682 2 Labor and extra help 20,147 :1.9,099 1.,048 Employee benefits 1,658 1,769 (11.1.) Office supplies :1.00 :1.00 Wearing apparel 650 563 87 Motor fuel supplies :1.,300 :1.,208 92 Minor apparatus 800 541 259 Botanical supplies :1.,500 :1.,06:1 439 Land maintenance 300 300 Building maintenance 300 603 (303) Maintenance ® motor vehicles 200 202 (2) EXHIBIT B -3 23 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Actual (over) Appropriations Expenditures under Park Department: (continued) Maintenance - other vehicles $ 400 $ 390 $ 10 Maintenance - fixtures and other 1,850 1,498 352 Communications 100 100 Hire of equipment 195 195 Engineer fees 326 (326) Advertising 16 (16) Water 2,000 2,704 (704) Insurance 1,900 1,044 856 Travel expense 100 155 (55) Dues and subscriptions 30 27 3 Waste disposal 300 414 (114) Capital expenditures - machinery 1,600 1,567 33 37,772 35,912 1,860 Swimming pool: Supervision 660 630 30 Labor 8,328 7,951 377 Employee benefits 450 450 Office supplies 200 200 Awards 50 50 Janitorial supplies 50 50 Chemicals 650 593 57 Equipment rental 195 195 Building maintenance 100 100 Equipment maintenance 425 359 66 Communications 75 75 Minor apparatus 100 16 84 Electric 250 250 Water 130 130 Travel 25 25 11,688 10,899 789 EXHIBIT B-3 24 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Actual (over) Appropriations Expenditures under Civic Center: Supervision, labor and extra help $ 14,344 $ 14,204 $ 140 Employee benefits 1,335 1,433 (98) Minor apparatus 800 786 14 Janitorial and mechanical 1,015 1,049 (34) Furniture and fixtures 700 44 656 Building maintenance 3,000 4,221 (1,221) Houses - Sheppard Drive 200 1,054 (854) Heating and cooling systems 2,000 734 1,266 Insurance 210 298 (88) Electric 12,500 9,490 3,010 Water 1,200 1,233 (33) Gas 1,200 784 416 Waste disposal 302 243 59 Capital expenditures: Purchase of houses 1,536 14,657 (13,121) Fixtures 600 462 138 40,942 50,692 (9,750) Less department allocations: Community Building 11,598 11,598 29,344 39,094 (9,750) Community Building: Supervision 660 760 (100) Clerical 1,682 1,491 191 Labor 14,093 15,399 (1,306) Employee benefits 1,173 1,262 (89) Office supplies 200 177 23 Insurance 543 599 (56) Educational and recreational 700 566 134 Dues and subscriptions 22 10 12 Maintenance 200 96 104 Communications 300 255 45 EXHIBIT B-3 25 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1971 (Continued) Actual (over) Appropriations Expenditures under Community Building: (continued) Travel expense $ 150 $ 35 Equipment rental 195 195 Civic Center expense allocation 11,598 11,598 31,516 32,443 Total all departments A7341542 $748,284 EXHIBIT B-3 $ 115 (927) $(13,742) 26 CITY OF EULESS, TEXAS DEBT SERVICE FUND BALANCE SHEET September 30, 1971 ASSETS Cash and short-term investments (Exhibit A-5) Taxes receivable RESERVES Reserve for uncollected taxes Reserve for retirement of general long-term debt (Exhibit C-1) EXHIBIT C ANALYSIS OF CHANGES IN RESERVE FOR RETIREMENT OF GENERAL LONG-TERM DEBT Year ended September 30, 1971 Balance at beginning of year Add excess of revenues over expenditures (Exhibit C-2) Balance at end of year EXHIBIT C-1 $122,933 15,897 $138.830 $ 15,897 122,933 $138.830 $ 64,933 58,000 $122.933 27 CITY OF EULESS, TEXAS DEBT SERVICE FUND STATEMENT OF REVENUES AND EXPENDITURES Year ended September 30, 1971 Revenues: General property taxes and penalty and interest collected Expenditures: Interest on bonds Matured bonds Bond sale expense $ 93,300 20,000 4,721 Excess of revenues over expenditures EXHIBIT C-2 $176,021 118,021 $ 58,000 28 Assets Cash and short-term investments (Exhibit A-5) Assessments receivable Reserves and ,Appropriations Reserve for uncollected assessments Reserve for street and drainage escrow deposits Appropriations - Unencumbered Fund balance CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS BALANCE SHEET September 30, 1971 Total $436,335 55,070 $491,405 $ 55,070 27,579 408,756 $491,405 Street Improvement and Drainage Fund Park and Recreation Fund Service Center Fund $210,451 $185,884 $40,000 55,070 $265,521 j$185,884 $40,900 $ 55,070 27,579 $ 182,872 185,884 40,000 $265,521 $185,884 $40,000 EXHIBIT D 29 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Year ended September 30, 1971 Cash balance at beginning of year Receipts: Paving assessments Bond proceeds Developers' pro rata contributions Disbursements: Capital outlay Miscellaneous Cash balance at end of year Total Street Improvement Park and Service and Drainage Recreation Center Fund Fund Fund $143,938 $ 48,044 $ 95,894 47,556 47,556 500,000 350,000 110,000 40,000 77,587 77,587 625,143 475,143 110,000 40,000 330,475 310,465 20,010 - 2,271 2,271 332,746 312,736 20,010 - ' 436,335 $210,451 $185,884 $40,000 Exhibit D-1 30 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS September 30, 1971 Amount appropriated: From: Bonds sold Paving assessments Other participation Less expenditures: Of prior fiscal periods Of this period Unexpended balance Total $1,980,000 167,678 128,439 2,276,117 1,507,036 332,746 1,839,782 $ 436,335 Street Improvement and Drainage Fund $1,480,000 167,678 128,369 Park and Recreation Fund Service Center Fund $460,000 $40,000 70 1,776,047 460,070 40,000 1,252,860 312,736 1,565,596 210,451 ,$ EXHIBIT D-2 254,176 20,010 274,186 ,$185.884 $40_,000 31 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND BALANCE SHEET September 30, 1971 EXHIBIT E CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND BALANCE SHEET September 30, 1971 ASSETS Current assets: Cash and short-term investments (Exhibit A-5) Accounts receivable Less estimated uncollectible accounts Total current assets Restricted assets: Revenue bond debt service: Cash with paying agent Revenue bond reserve: Cash with paying agent Investments with paying agent, at cost Revenue bond contingency: Cash and short-term investments (Exhibit A-5) Property sale proceeds accounts: (Note 1) Principal investments with paying agent, at cost Capital projects account: Cash and short-term investments (Exhibit A-5) Customer deposits: Short-term investments (Exhibit A-5) Interest receivable on investments Total restricted assets Utility plant in service: (Note 1) Land Equipment Water and sewer system Less allowance for depreciation Total utility plant in service Construction work in progress (Note 3) Contractual rights to sewer treatment facilities, net of amortization of $31,590 (Note 2) $ 365,434 $ 85,269 371 84,898 450,332 22,967 218,065 32,970 160,442 5,466,140 5,659,552 709,949 26,828 241,032 79,960 428,915 626,392 69,620 14,640 1,487,387 4,949,603 207,135 1,363,613 $8,458,070 3� LIABILITIES, RESERVES, CONTRIBUTIONS AND RETAINED EARNINGS Current liabilities: Payable from current assets: Accounts payable Contractual obligation due within one year (Note 2) Payable from restricted assets: Customer deposits Accrued revenue bond interest payable Revenue bonds payable within one year $ 15,524 11,702 27,226 $ 69,620 47,780 50,000 167,400 Total current liabilities 194,626 Other liabilities payable after one year: Revenue bonds (Note 1) Contractual obligations payable to Trinity River Authority (Note 2) 4,910,000 1,683,501 6,593,501 Total liabilities 6,788,127 Reserves: Reserve for revenue bond debt service, next maturing Reserve for revenue bond retirement Reserve for contingency 26,828 241,032 79,960 Total reserves 347,820 Contributions: Contributions from subdividers Retained earnings (Exhibit E-1) See accompanying notes. EXHIBIT E 810,973 511,150 $8,458,070 33 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND ANALYSIS OF CHANGES IN RETAINED EARNINGS Year ended September 30, 1971 Retained earnings at beginning of year $248,526 Add: Net income (Exhibit E-2) 320,060 Deduct: Increase in reserve for revenue bond retirement Increase in reserve for contingency Increase in reserve for revenue bond debt service - next maturing $ 41,830 14,931 675 568,586 Total deductions 57,436 Retained earnings at end of year $511,150 See accompanying notes, EXHIBIT E-1 34 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND STATEMENT OF REVENUES AND EXPENSES - ACTUAL AND BUDGETED Year ended September 30, 1971 Operating revenues: Water sales Sewer services Water and sewer tap fees Service fees and miscellaneous Operating expenses excluding depreciation (Exhibit E-3) Net operating revenues excluding depreciation Non -operating revenues: Investment income Income available for debt service Depreciation (straight-line basis, 15 years for equipment and 33 years for the system) Amortization of contractual rights to sewer treatment facilities (straight- line basis over 40 years)(Note 2) Total depreciation and amortization Non -operating expenses: Interest on revenue bonds Interest on Trinity River Authority Agreements (Note 2) Assessments by General Fund Income before extraordinary items Extraordinary gain on prior retirement of bonded debt and on early sale of securities (Note 1) Net income Budget $524,000 180,000 11,000 3,625 718,625 237,792 480,833 57,500 538,333 160,000 32,000 192,000 346,333 212,850 65,000 14,304 292,154 $ 54,179 See accompanying notes, EXHIBIT E-2 Actual $653,336 220,614 20,656 43,272 937,878 243,014 694,864 61,047 755,911 158,746 31,590 190,336 565,575 219,949 62,418 14,304 296,671 268,904 51,156 $320 , 060 Actual (over) under $(129,336) (40,614) (9,656) (39, 647) (219,253) (5,222) (214,031) (3,547) (217,578) 1,254 410 1,664 (219,242) (7,099) 2,582 (4,517) $(214,725) 35 CITY OF EULESS, TEXAS NOTES TO WATER AND SEWER ENTERPRISE FUND FINANCIAL STATEMENTS September 30, 1971 1. Property sale proceeds accounts The City of Euless sold certain of the waterworks and sewer system properties situated within the City of Bedford to that city on December 16, 1968. The customer connections sold produced approximately 30% of the gross water and sewer billings of the system. The proceeds were equal to 32.33% of the $5,800,000 of revenue bonds issued by Euless for the original purchase of the combined system. The Property Sale Proceeds funds may be applied solely to the prepayment or prior redemption of the revenue bonds and investment income of the funds may be applied to current revenue bond interest in an amount not exceeding 32.33% of the require- ment on the amount of bonds then outstanding. As of September 30, 1971, $1,640,000 (28.25%) of the revenue bonds have been retired with proceeds from the above noted sale, 2. Contractual rights and obligations The City has entered into long-term contracts for sewer treatment services with the Trinity River Authority of Texas. Under these agreements, the City is obligated to pay for sewage actually discharged and to share in the cost of operation and maintenance of the system. In addition, the City is obligated to fund certain bonded indebtedness issued by the Authority from the City's water and sewer revenues. Although the bonds are not considered a bonded debt liability of the City, the contract liability and related rights to sewer treatment facilities have been reflected in the ac- companying financial statements. The rights to sewer treatment facilities will be amortized over the periods covered by the con- tracts and the related debt service charges will be reflected as nonoperating expenses. Charges for actual usage of the system and operating and maintenance charges are reflected as operating ex- penses in the financial statements. The amounts included in the City's financial statements are net of the amounts assumed and paid by the City of Bedford, Texas under a separate contractual agreement. 3. Construction in progress The City has entered into various contracts for the construction of water and sewer facilities. Water and sewer capi- tal improvement programs currently in progress approximate $3,100,000, of which $800,000 is funded by revenue bonds and $2,300,000 is funded by Trinity River Authority agreements discussed in Note 2 above. 36 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1971 General and administrative Supervision Clerical Employee benefits Longevity Property and liability insurance Office supplies Postage Legal fees Audit fees Maintenance - machinery and tools Communications Advertising Travel and miscellaneous Bad debts Water production Supervision Labor Employee benefits Overtime Wearing apparel Motor fuel Minor apparatus Maintenance e machinery and tools Maintenance m motor vehicles Maintenance m signal system Water Electricity Bank charges EXHIBIT Em3 Budget Actual $ 13,350 14,460 2,005 440 3,587 2,000 4,200 400 1,000 300 2,200 50 1,650 $ 12,630 11,589 2,461 437 2,835 1,618 3,078 1, 892 1,000 1,955 2,063 121 987 4,496 45,642 47,162 3,204 9,903 1,210 1,000 500 1, 000 100 200 200 250 1,200 47,500 100 4,266 10,592 1,557 1,066 366 1,006 88 69 196 2,242 36,957 155 66,367 58,560 Actual (over) under $ 720 2,871 (456) 3 752 382 1,122 (1,492) (1,655) 137 (71) 663 (4,496) (1,520) (1,062) (689) (347) (66) 134 (6) 12 200 131 54 (1,042) 10,543 (55) 7,807 37 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES m BUDGETED AND ACTUAL Year ended September 30, 1971 (Continued) Water distribution: Supervision Labor Employee benefits Overtime Wearing apparel Motor fuel Minor apparatus Chemicals Maintenance - machinery Maintenance o motor vehicles Maintenance e water mains Maintenance m water meters Maintenance m signal system and other Fire hydrants Hire of equipment Janitorial supplies Travel and subscriptions Bank charges Sewer collection and treatment Supervision Labor Overtime Employee benefits Wearing apparel Motor fuel Minor apparatus Chemicals Maintenance m sanitary sewers EXHIBIT E-3 Actual (over) Budget Actual under $ 3,204 27,182 2, 898 3,000 950 1,950 1,000 250 1,600 1, 000 1,200 8,000 900 200 100 100 354 240 54,128 $ 6,329 28,388 3,470 2,279 928 2,160 1,474 154 798 1,272 1,608 3,425 635 599 62 324 305 54,210 $ (3,125) (1,206) (572) 721 22 (210) (474) 96 802 (272) (408) 4,575 265 (399) 100 38 30 (65) (82) 3,204 6,069 (2,865) 15,701 22,370 (6,669) 2,500 2,859 (359) 2,010 3,108 (1,098) 500 726 (226) 800 1,085 (285) 600 643 (43) 2,000 2,500 (500) 1,300 1,248 52 38 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1971 (Continued) Sewer collection and treatment: (continued) Maintenance - machinery Maintenance - motor vehicles Maintenance - signal systems Hire of equipment Treatment fees paid to other systems Electric Bank charges Total operating expenses EXHIBIT E-3 Budget $ 3,800 500 200 100 32,800 5,400 240 71,655 $237,792 Actual $ 6,788 1,538 303 2,441 25,534 5,558 312 83,082 $243,014 Actual (over) under $ (2,988) (1,038) (103) (2,341) 7,266 (158) (72) (11,427) $ (5,222) 39 CITY OF EULESS, TEXAS TRUST AND AGENCY FUNDS BALANCE SHEET September 30, 1971 ASSETS Cash in bank (Exhibit A-5) LIABILITIES, RESERVES AND FUND BALANCE Payroll taxes payable Reserve for general escrow deposits Fund balance EXHIBIT F Social Security Total Fund $ 28.682 $ 22.231 $ 17,671 17,671 6,451 4,560 4,560 Escrow Fund 6,451 6,451 $ 28682 $ 22,231 $ 6,451 40 CITY OF EULESS, TEXAS TRUST AND AGENCY FUNDS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Year ended September 30, 1971 Balance at beginning of year Receipts: For social security, federal income taxes withheld, employees insurance premiums and employee United Fund deductions Escrow deposits Disbursements: Payments for social security, federal income taxes withheld, insurance premiums and United Fund Escrow payments for street and drainage construction Transferred to Water and Sewer Capital Projects Fund Balance at end of year EXHIBIT F-1 Social Security Total Fund $396,347 $ 15,829 189,594 189,594 202,084 391,678 189,594 183,192 183,192 226,582 349,569 759,343 183,192 ,$ 28,682 $ 22,231 Escrow Fund $380,518 202,084 202,084 226,582 349,569 576,151 $ 6,451 41 CITY OF EULESS, TEXAS STATEMENT OF GENERAL FIXED ASSETS September 30, 1971 General fixed assets: Buildings Improvements other than buildings Machinery and equipment Investment in general fixed assets: From general bonds From current revenues and assessments EXHIBIT G $ 982,378 2,021,130 205,879 $3,209,387 $2,461,214 748,173 $3,209,387 42 CITY OF EULESS, TEXAS STATEMENT OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE Balance at beginning of year Add: Expenditures from assessments and other special funds Expenditures from current revenues Balance at end of year Year ended September 30, 1971 Improvements other than Total Buildings buildings $2,721,263 $969,250 $1,576,001 445,129 42,995 13,128 ,3,209,387 8982,378 EXHIBIT G-1 445,129 Machinery and equipment $176,012 29,867 021,130 t2051879 43 General Government Street Department Police Department Fire Department Park and Recreation Departments Library CITY OF EULESS, TEXAS SCHEDULE OF GENERAL FIXED ASSETS CLASSIFIED BY DEPARTMENTS Year ended September 30, 1971 Total $ 295,070 1,752,778 189,871 148,693 516,354 306,621 $.wit 209, 387 Buildings $250,407 154,525 92,241 235,361 249,844 $982,378 EXHIBIT G-2 Improvements other than buildings 1,726,013 264,093 31,024 $2,021,130 Machinery and equipment $ 44,663 26,765 35,346 56,452 16,900 25,753 $205.879 44 CITY OF EULESS, TEXAS STATEMENT OF GENERAL LONG-TERM DEBT September 30, 1971 Amount available and to be provided for the payment of general long-term debt: Serial bond principal: Amount available in Debt Service Fund (Exhibit C) To be provided in future years Total available and to be provided GENERAL LONG-TERM DEBT PAYABLE $ 122,933 2,467,067 $2,590,000 Serial bonds payable in future years (Table V) $2,590,000 EXHIBIT H STATISTICAL DATA 45 CITY OF EULESS, TEXAS TAX LEVIES AND TAX COLLECTIONS Last ten fiscal years TABLE I CITY OF EULESS, TEXAS TAX LEVIES AND TAX COLLECTIONS Last ten fiscal years Collections Fiscal current years Tax roll period Assessed Total taxes during dates ending value tax levy fiscal period 10- 1-61 12-31-61 $10,420,300 $ 72,925 $ 51,821 10- 1-62 9-30-63 13,609,560 95,976 94,462 10- 1-63 9-30-64 19,987,160 139,847 134,920 10- 1-64 9-30-65 25,693,730 256,937 241,197 10- 1-65 9-30-66 30,285,610 302,856 300,609 10- 1-66 9-30-67 41,603,636 320,348 304,185 10- 1-67 9-30-68 45,009,290 382,592 369,344 10- 1-68 9-30-69 48,914,070 415,770 402,888 10- 1-69 9-30-70 67,556,170 574,240 543,005 10- 1-70 9-30-71 77,420,170 658,071 621,586 46 Per cent of Collection Total Per cent of collection on delinquent collections total of rolls during collection current levy fiscal period fiscal period to tax levy 71.04% 99.15 96.47 93.87 99.25 94.95 96.53 96.90 94.56 94.45 $ 5,519 $ 57,340 78.61% 6,466 100,928 105.94 3,120 138,040 98.70 2,503 243,700 94.85 1,410 302,019 99.72 5,767 309,952 96.71 14,398 383,742 100.30 7,432 410,320 98.69 8,637 551,642 96.06 21,049 642,635 97.65 TABLE I 47 Tax roll dates 10- 1-61 10- 1-62 10- 1-63 10- 1-64 10- 1-65 10- 1-66 10- 1-67 10- 1-68 10- 1-69 10- 1-70 10- 1-71 Tax roll dates 10- 1-61 10- 1-62 10- 1-63 10- 1-64 10- 1-65 10- 1-66 10- 1-67 10- 1-68 10- 1-69 10- 1-70 City $ .70 .70 .70 1.00 1.00 .77 .85 .85 .85 .85 .85 Fiscal period 12-31-61 9-30-63 9-30-64 9-30-65 9-30-66 9-30-67 9-30-68 9-30-69 9-30-70 9-30-71 CITY OF EULESS, TEXAS TAX RATES AND TAX LEVIES Prior fiscal years TAX RATES School $1.36 1.36 1.36 1.36 1.36 1.45 1.45 1.45 1.69 1.69 1.69 County $ .82 .82 .82 .82 .82 .82 .82 .82 .82 .82 .82 TAX LEVIES (Estimated) City $ 72,942 95,267 139,847 256,937 302,856 320,348 382,592 415,784 574,240 658,071 State $ .42 .42 .42 .42 .42 .42 .42 .42 .42 .42 .42 Total $3.30 3.30 3.30 3.60 3.60 3.46 3.54 3.54 3.78 3.78 3.78 County and School state Total $141,716 $ 77,527 $ 292,185 185,090 101,255 381,612 271,825 148,704 560,376 349,434 318,601 924,972 411,884 375,541 1,090,281 603,248 515,881 1,439,477 652,625 558,125 1,593,342 775,056 715,426 1,906,266 813,400 768,500 2,156,140 850,450 814,000 2,322,521 TABLE II 48 Fiscal period 9-30-62 9-30-63 9 -30 -64 9-30-65 9-30-66 9-30-67 9-30-68 9-30-69 9-30-70 9-30-71 CITY OF EULESS, TEXAS REVENUES - OTHER THAN PROPERTY TAXES Last ten fiscal years Taxes (other than property taxes) $ 12,694 18,629 26,674 33,207 36,045 34,349 44, 502 53, 317 117,162 199,807 Licenses and permits $14,479 20,275 21,447 14, 589 9,448 13,170 27,833 30,642 20,187 40,464 Fines $11,673 12,709 19,387 21,208 23,344 42,069 50,343 46,025 58, 027 57, 002 County fire program Library Other $1,400 1,500 1,500 1,500 1,500 1,600 1,600 2,000 2,200 2,400 $ 2,558 2,555 2,518 6,805 5,206 7,915 7,444 6,607 $ 799 1,711 2,086 31,209 19,002 26,045 43,409 55,920 58, 360 58,355 TABLE III 49 CITY OF EULESS, TEXAS EXPENDITURES FOR SELECTED FUNCTIONS Last ten fiscal years Fiscal period General ended government 9-30-62 $30,406 9-30-63 45,797: 9-30-64 68,231 9-30-65 81,923 9-30-66 73,664 9-30-67 87,735 9-30-68 40,699* 9-30-69 29,826 9-30-70 53,849 9-30-71 60,934 Law Fire Public enforcement department works $ 38,075 65, 494 76, 123 97,958 105,859 129,954 155,890 189,578 240,017 296,293 $ 2,037 3,278 3,427 23,218 30, 337 29,850 33, 878 43,450 58,651 105, 713 Parks and recreation Library $ - $ 15, 396 31,790 42,659 67,436 54,691 83,077 89,367 99,427 107,488 * Beginning in 1968 certain expenditures classified as non -departmental and previously reported under "general government" have been allocated or charged directly to the several functions listed above. TABLE IV 11,272 19,610 44, 378 61, 081 79,141 113,482 119,906 135,421 $ 14, 092 18,808 21, 382 33,285 35, 032 40, 504 42,435 50 Fiscal CITY OF EULESS, TEXAS GENERAL OBLIGATION BONDS OTHER THAN WATER AND SEWER REVENUE DEBT SERVICE CHARGES Bonds Requirements outstanding Principal Interest 1972 $2,590,000 $ 55,000 $ 109,173 1973 2,535,000 55,000 106,985 1974 2,480,000 55,000 104,797 1975 2,425,000 60,000 102,485 1976 2,365,000 60,000 100,048 1977 2,305,000 65,000 97,610 1978 2,240,000 70,000 94,860 1979 2,170,000 70,000 92,004 1980 2,100,000 75,000 89,017 1981 2,025,000 80,000 85,838 1982 1,945,000 80,000 82,478 1983 1,865,000 80,000 79,102 1984 1,785,000 85,000 75,643 1985 1,700,000 95,000 71,795 1986 1,605,000 95,000 67,485 1987 1,510,000 105,000 62,868 1988 1,405,000 110,000 57,957 1989 1,295,000 70,000 53,938 1990 1,225,000 75,000 50,997 1991 1,150,000 75,000 47,831 1992 1,075,000 75,000 44,662 1993 1,000,000 60,000 41,986 1994 940,000 60,000 39,604 1995 880,000 60,000 37,223 1996 820,000 65,000 34,912 1997 755,000 70,000 32,410 1998 685,000 70,000 29,715 1999 615,000 70,000 26,985 2000 545,000 70,000 24,255 2001 475,000 75,000 21,525 2002 400,000 75,000 18,600 2003 325,000 80,000 15,113 2004 245,000 80,000 11,392 2005 165,000 80,000 7,672 2006 85,000 85,000 3,952 590, 000 TABLE V Total $ 164,173 161,985 159,797 162,485 160,048 162,610 164, 860 162,004 164,017 165,838 162,478 159,102 160,643 166,795 162,485 167,868 167,957 123,938 125,997 122,831 119,662 101,986 99,604 97,223 99,912 102,410 99,715 96,985 94,255 96,525 93,600 95,113 91, 392 87,672 88, 952 $2,022,917 $4,612,917 51 CITY OF EULESS, TEXAS REVENUE WATER AND SEWER BONDS DEBT SERVICE CHARGES Bonds Requirements Fiscal outstanding Principal Interest Total 1972 $4,960,000 $ 50,000 $ 229,650 $ 279,650 1973 4,910,000 100,000 227,275 327,275 1974 4,810,000 105,000 222,700 327,700 1975 4,705,000 110,000 217,925 327,925 1976 4,595,000 115,000 212,925 327,925 1977 4,480,000 120,000 207,687 327,687 1978 4,360,000 125,000 202,225 327,225 1979 4,235,000 130,000 196,538 326,538 1980 4,105,000 140,000 190,625 330,625 1981 3,965,000 145,000 184,250 329,250 1982 3,820,000 155,000 177,588 332,588 1983 3,665,000 160,000 170,525 330,525 1984 3,505,000 165,000 163,150 328,150 1985 3,340,000 175,000 155,410 330,410 1986 3,165,000 180,000 147,175 327,175 1987 2,985,000 200,000 138,625 338,625 1988 2,785,000 205,000 128,975 333,975 1989 2,580,000 210,000 119,100 329,100 1990 2,370,000 220,000 108,900 328,900 1991 2,150,000 165,000 98,250 263,250 1992 1,985,000 135,000 89,325 224,325 1993 1,850,000 120,000 83,250 203,250 1994 1,730,000 35,000 77,850 112,850 1995 1,695,000 130,000 76,275 206,275 1996 1,565,000 135,000 70,425 205,425 1997 1,430,000 145,000 64,350 209,350 1998 1,285,000 150,000 57,825 207,825 1999 1,135,000 130,000 51,075 181,075 2000 1,005,000 160,000 45,225 205,225 2001 845,000 170,000 38,025 208,025 2002 675,000 240,000 30,375 270,375 2003 435,000 190,000 19,575 209,575 2004 245,000 120,000 11,025 131,025 2005 125,000 125,000 5,625 1302625 $4,960,000 TABLE VI 14,219,723 $9,179,723 52 CITY OF EULESS, TEXAS INSURANCE IN FORCE September 30, 1970 Fire and extended coverage, 80% coinsurance: On contents of city offices, jail, and community center City offices, jail, and community center Library books and furnishings Scheduled water and sewer property Fire station #1 Fire station #2, building and contents Vandalism and malicious mischief: Scheduled water and sewer property City offices, jail, and community center Comprehensive glass breakage: City offices, jail, library, and community center Vehicle liability - all vehicles: Bodily injury Property damage Amusement liability Manufacturers' and contractors' liability - water and sewer operation: Bodily injury 9- 3-72 Property damage Vehicle - fire and theft, extended coverage and $100 deductible collision Public employees blanket bond: Specific employees All other employees Accident: Volunteer fire department Expires Insurers 10-20-72 9-28-72 12- 1-71 9- 3-73 12- 1-71 9- 3-73 9- 3-73 9-28-72 9-28-72 9-14-72 9- 3-72 9-14-72 2- 6-72 8-25-73 TABLE VII Amount of insurance 1 $ 20,000 1 429,170 1 210,000 6 466,400 6 30,000 6 72,000 6 466,400 1 429,170 5 5 4 Scheduled 100/300,000 10,000 100/300,000 5 100/300,000 100,000 5 4 4 ACV 7,500 2,500 10,000 53 CITY OF EULESS, TEXAS INSURANCE IN FORCE September 30, 1970 (Continued) Amount of Expires Insurers insurance Fire and extended coverage for houses on Sheppard Drive: House on 110 N. Sheppard Drive 11-25-72 7 $ 10,000 House on 114 N. Sheppard Drive 4-10-74 6 7,000 House on 134 N. Sheppard Drive 4-20-72 6 7,000 Notary bonds (employees insurance): Vada Ferris 8- 4-72 4 1,000 Della Houy 6- 1-72 4 1,000 Florence S. Murr, Harold M. Smith, A. B. Wall, Arthur R. Livermore 7- 1-72 4 1,000 Insurers: 1. International Insurance Co. of New York, New York 2. Aetna Insurance Company 3. Interstate Fire and Casualty Co. 4. Trinity Universal Insurance Co. 5. United States Fire Insurance Co. 6. North River Insurance Co. 7. Security National Insurance Co. This statement is intended only as a descriptive summary; no expression of opinion as to the adequacy of the coverage is intended. TABLE VII 54 CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS Date of incorporation September 23, 1950 Date of adoption of Charter July 21, 1962 Form of government: Home rule (Council - Manager) Mayor o elected at large Five councilmen Area Building permits: Permits issued year ended September 30, 1971 Estimated cost 15.8 square miles 244 permits $10,483,536 Education: Number of school campuses 8 Number of teachers 331 Number of students 6,830 Average daily attendance: Elementary school 3,012.48 Secondary school 3,470.48 Library volumes 24,331 Street lights 166 - 189 watt incandescent 111 - 295 watt incandescent 71 - 450 watt mercury vapor 41 0 175 watt mercury vapor Parks: Number 3 Total acres 47.14 (plus joint City -School use by contract on school campuses.) TABLE III 55 CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS (Continued) Personnel summary General and Administrative: Executive, Administration and Finance Legal and Municipal Court Library Public Safety: Police F ire Animal Control School Crossing Public Works: Building and Zoning Inspection Streets and Drainage Civic Center Maintenance Utility Administration, Accounting and Collecting Water Production Water Distribution Sewerage and Disposal Parks and Recreation Recreation Parks Swimming Pool Community Building Total * Part time, seasonal and temporary 1968-69 Full time * Part time 2 1 4 2 18 5 1 7 2 7 3 5 3 5 4 3 1 64 49 TABLE VIII 25 5 6 4 1969-70 Full time * Part time 2 1 1 4 2 24 5 1 1 7 3 7 3 4 2 4 1 2 25 3 5 6 1 4 66 52 1970-71 Full time * Part time 3 1 1 4 2 27 12 2 7 3 7 3 3 1 3 5 3 1 25 3 5 6 1 4 81 51 56 CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS (Continued) Population: 1950 census 1960 census 1970 census Streets (no alleys): Paved (including county roads) Unpaved State highway Municipal water plant: Number of consumers (9-30-71) Maximum daily consumption Average daily consumption Plant capactiy Miles of water mains Number of fire hydrants Miles of sewer mains 300 4,236 19,316 70.57 miles 0.30 miles 14.20 miles 6,745 6.6 million 2.24 million 7.78 million 65.5 314 61.4 TABLE VIII gallons per gallons per gallons per day day day 57 CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS (Continued) Calculation of debt service coverage for Water and Sewer Revenue Bonds and contractual agreements with Trinity River Authority payable from water and sewer revenues: Water and Sewer Revenue Fund income available for debt service (Exhibit E-2) Less adjustments for income on assets no longer available - investments used to retire debt Adjusted income available for debt service Average annual requirements: Water and Sewer Revenue Bonds Commitments to Trinity River Authority (net of City of Bedford's participation) Coverage $755,911 15,094 $740,817 $269,992 133,425 $403,417 1.84 times See Exhibits E for Water and Sewer Enterprise Fund financial statements and notes, TABLE VIII ' Y A . ■/ r." •E ._t -- r - 1 1 .' . � 41 �, • 1.�1 �L�` �I l - 1 I I 1 . _ r I •' -I� A■Jar- a_t �V ■ l IY _ 1.1 a r►' 1 1. f �.�. . s rJ+`'4� ♦ r r- f•ll• 41 ■.r • -i�,.. 1 ow 5 1 111 II 1 t• r-- 1- I U� �.Z - • ► ■ I r I•r 7p '.. -11� ''f• t t 1 i A 1 s t r • 4 . 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