The URL can be used to link to this page

Home My WebLink AboutFY 1973 Financial Statements and Supplementary Information - AuditCITY OF EULESS , TEXAS F INANC IAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED SEPTEMBER 30 , 1973 with REPORT OF CERTIFIED PUBLIC ACCOUNTANTS ARTHUR YOUNG 8, COMPANY 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- 3 4 5 5 6 7 8 9 10-11 12-23 24 24 25 26 27 28 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) Page 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 Supplementary information - 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 29 30 31 32 33-35 36 37 38 39 40 41 42 43 44 45 46 47 48-49 50 REPORT THE MUNICIPAL FINANCE OFFICERS ASSOCIATION OF THE UNITED STATES AND CANADA UMMMM THE ANNUAL FINANCIAL REPORT OF The City of Euless, 'Texas For the Fiscal Year 'Elided September 30,1971 SUBSTANTIALLY CONFORMS TO THE PRINCIPLES AND STANDARDS OF PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE Municipal finance ti: fficerfS ROZociation AND THE Rational Committee on iThobernmental accounting THIS SUPPLEMENTS A CERTIFICATE OF CONFORMANCE PRESENTED TO THE ABOVE NAMED GOVERNMENTAL UNIT January 13,1905 Pracntcd ✓Anrc11 31, 1)72.. 41141117-4( / E:amiw Ovecr� 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 conform substantially to the high standards for financial reporting established by the Association. A Certificate of Conformance was first awarded to this governmental unit for its annual financial report for the fiscal year ended September 30, 1964, for meeting stan- dards of financial reporting which were then applicable; a Supplemental Certificate has been awarded for substan- tially meeting later and revised standards. These stand- ards are contained in publications of the National Com- mittee on Governmental Accounting which are reviewed and revised by the Committee from time to time. City of ute66 EULESS, TEXAS BUTLER 3.5381 201 ECTOR ORIVE 76039 Honorable A. C. Krause, Mayor and City Council City of Euless Euless, Texas Gentlemen: October 29, 1973 The annual financial report of the City of Euless, Texas for the fiscal year ended September 30, 1973, 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. On March 31, 1972, the Municipal Finance Officers Association of the United States and Canada awarded its Supplemental Certificate of Conformance for financial reporting for the annual financial report of the City of Euless for the year ended September 30, 1971. The latter report was judged to continue to conform substantially to the high standards for financial reporting promulgated by that Association and the National Committee on Governmental Accounting for which the City had earlier received a Certificate of Conformance for conforming to the then existing standards. We believe our present annual report for the year ended September 30, 1973, continues to conform substantially to such standards for which a Supplemental Certificate was granted. General Comments Information as to the City's tax assessments and collections, 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 $ 907,382 Retained earnings, reserves and contributions 1973 1,972 $ 332,141 $ 3011757 $1 195,452 $ 963,262 $11084,957 $ 840310 Increase (decrease) $ 30,384 $232,190 $244,647 697,433 $209,949 $2,204,109 $1,912,160 $291,949 U. S. Government securities have been pledged by depository banks sufficient to secure the City's funds on deposit with such banks. sewer ments Ordinances authorizing the issuance of the City's water and revenue bonds have been read and in accordance with the require - of such ordinances, a total of $100,000 has been restricted for emergencies. The City has retired a total of $1,650,000 of revenue bonds with proceeds from the sale of water and sewer facilities to the City of Bedford, and $423,288 of principal proceeds 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 with this report. Respectfully submitted, Mrs. Vada Ferris City Secretary ARTHUR YOUNG & COMPANY 1000 CONTINENTAL NATIONAL BANK BUILDING FORT WORT H, TEXAS Honorable A. C. Krause, Mayor and City Council City of Euless Euless, Texas We have examined the accompanying balance sheets of the various funds and balanced account groups of the City of Euless, Texas, as indexed herein, at September 30, 1973 and the related statements 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 proce- dures as we considered necessary in the circumstances. In our opinion, the statements mentioned above present fairly the financial position of the various funds and balanced account groups of the City of Euless, Texas at September 30, 1973 and the results of operations for the fiscal year then ended, in conformity with generally accepted accounting prin- ciples applied on a basis consistent with that of the preceding year. It is our further opinion that the accounting require- ments of the bond ordinances under which the City's general obligation and water and sewer revenue bonds were issued have been met. Our examination has been made primarily for the purpose of expressing an opinion on the financial statements, taken as a whole. The accompanying supplementary information is presented for analysis purposes and is not necessary for a fair presen- tation of the financial information referred to in the preceding paragraph. It has been subjected to the tests and other audit- ing procedures applied in the examination of the financial state- ments mentioned above and, in our opinion, is fairly stated in all respects material in relation to the financial statements taken as a whole. kt-titv-1-7P-ti ' c'17'.7 November 9, 1973 2 CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1973 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 Contractual rights Due from other funds Amount available for retirement of general long-term debt Amount to be provided for retirement of general long-term debt Total assets and other debits EXHIBIT A General Fund $332,141 44,493 70 82,341 Debt Service Fund $170,540 13,668 Capital Projects Funds $249,388 53,775 Water and Sewer Enterprise Fund Trust and Agency Funds $ 907,382 $ 62,238 95,684 341,888 744,068 5,282 32,970 5,245,244 139,317 1,285,519 $ General Fixed Assets 985,317 2,579,081 370,277 General Long-term Debt 170,540 2,309,460 $459,045 $184,208 $303,163 $8,797,354 $ 62,238 $3,934,675 $2,480,000 3 CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1973 (Continued) LIABILITIES Payroll taxes and other payables Customer and developers' deposits Accrued revenue bond interest payable General long-term debt payable Due to other funds 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 Total liabilities, reserves and fund balances/retained earnings EXHIBIT A Debt Capital General Service Projects Fund Fund Funds $ 2,300 $ 2,300 44,493 412,252 - $ - 14,879 82,341 - 97,220 13,668 170,540 53,775 152,168 Water and Sewer Enterprise Fund $ 87,844 46,528 6,458,873 6,593,245 58,836 261,944 100,000 929,876 853,453 Trust and Agency Funds $ 24,209 $ 33,761 57,970 4,268 General Fixed Assets General Long-term Debt - $ 3,934,675 2,480,000 2,480,000 $459,045 $184,208 $303,163 $8,797,354 $ 62,238 $3,934,675 $2,480,000 4 CITY OF EULESS, TEXAS COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS Year ended September 30, 1973 Balance Balance 10-1-72 Receipts Disbursements 9-30-73 General Fund $ 301,757 $1,836,615 $1,960,221 $ 178,151 Debt Service Fund 147,951 184,723 162,134 170,540 Capital Projects Funds 242,411 320,894 313,917 249,388 Water and Sewer Enterprise Fund 1,332,689 1,353,590 1,533,789 1,152,490 Trust and Agency Funds 269,535 759,806 967,103 62,238 Total - all funds $2,294,343 $4,455,628 $4,937,164 $1,8122807 EXHIBIT A-1 6 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF BONDS PAYABLE September 30, 1973 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 Totalissued and outstanding Balance authorized - unissued 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 Note: 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 principaland interest on bonds in the original amount of $2,330,000. However, the City of Bedford, Texas has contracted with the City of Euless to underwrite $634,800 of the principal payments on these bonds in exchange for sewage treatment service provided to that city, The portion payable by the City of Euless requires annual debt service payments averaging approximately $133,425 over 28 years. (See notes to the Water and Sewer Enterprise Fund for additional. information.) The City has authorized additional contracts with TRA for water supply and sewage treatment services beginning in 1974.. EXHIBIT A-4 Street and drainage Bonds Public buildings Parks Water and sewer $4,395,000 $1,490,000 $3,490,000 $10,800,000 430,000 295,000 205,000 200,000 350,000 1,480,000 1,480,000 $2,915 000 470,000 160,000 120,000 100,000 75,000 75,000 100,000 40,000 110,000 790,000 460,000 Total $20,175,000 1,000,000 530,000 400,000 300,000 500,000 - 2,730,000 - 3,600,000 2,200,000 800,000 6,600,000 790,000 460,000 6,600,000 700,000 $3,030,000 $ 4,200,000 3,600,000 2,200,000 800,000 6,600,000 9,330,000 $10,845,000 Balance outstanding 9-30-73 810,000 530,000 400,000 290,000 450,000 2,480,000 2,715,000 1,365,000 720,000 4,800,000 $7,280,000 7 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF CASH AND INVESTMENTS September 30, 1973 Combined bank balances and investments: Bank accounts: First National Bank of Euless: Consolidated account Trust and Agency account Certificates of deposit Payroll Banker's Trust Company, New York Water and Sewer Revenue bond reserve account Water and Sewer Revenue bond sinking fund account Total on deposit with banks Petty cash funds Investments in U. S. Government securities: (Held by Bankers Trust Company, New York) Water and Sewer Revenue bond reserve - 6-3/8% U. S. Treasury Notes Water and Sewer Fund - property sales proceeds account - U. S. Treasury Notes Investments in U. S. Government securities: (Held in safe- keeping by National Bank of Commerce, Dallas, Texas) U. S. Treasury Bills - $100,000 par maturing October 18, 1973 General Fund - U. S. Treasury Bills - $100,000 par maturing February 14, 1974 Deposit Securities insurance Amount guaranty guaranty $ 353,785 $ - $ 20,000 28,477 20,000 1,430,000 20,000 300 300 1,812,562 2,025,000 60,300 8,032 - 8,032 58,836 20,000 66,868 _ 28,032 1,879,430 $2,025,000 $ 88,332 245 253,912 423,288 96,780 153,990 $2,807,645 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, Cash and investments by fund: Funds: General Fund: Operations $ 331,841 Payroll 300 $ 332,141 General Debt Service Fund 170,540 Water and Sewer Enterprise Fund: Operating 907,382 Revenue bond debt service 58,836 Revenue bond reserve 261,944 Revenue bond contingency 100,000 Property sale proceeds account 423,288 Capital projects account 154,044 Customer deposits 87,844 1,993,338 Trust and Agency Funds: Escrow 33,761 Social security 28,477 62,238 Capital Projects Funds: Park and recreation 10,370 Street and drainage 52,556 Service center 40,000 Revenue sharing 146,462 249,388 Total all funds Demand accounts Short-term investments Petty cash funds $2,807,645 $ 449,430 2,357,970 245 $2 807,645 EXHIBIT A-5 8 CITY OF EULESS, TEXAS GENERAL FUND BALANCE SHEET September 30, 1973 ASSETS Cash and short-term investments (Exhibit A-5) $332,141 Taxes receivable 44,493 Due from Park and Recreation Department 82,341 Miscellaneous 70 RESERVES AND FUND BALANCE Reserve for uncollected taxes Court costs collected for State of Texas Fund balance (Exhibit B-1) $459,045 $ 44,493 2,300 412,252 $459,045 EXHIBIT B 10 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF REVENUES - ESTIMATED AND ACTUAL Year ended September 30, 1973 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 Mixed beverage 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 $531,050 15,000 4,000 550,050 Actual revenues Actual over (under) estimated $ 582,828 $ 51,778 16,245 1,245 6,264 2,264 605,337 55,287 15,500 20,022 43,000 55,798 19,000 20,752 5,000 5,456 3,700 5,046 86,200 107,074 130,000 185,937 20,000 20,725 4,000 3,991 5,000 4,028 2,000 1,335 300 1,255 1,250 1,286 2,000 3,364 34,550 35,984 65,000 109,158 300 562 65,300 109,720 4,522 12,798 1,752 456 1,346 20,874 55,937 725 (9) (972) (665) 955 36 1,364 1,434 44,158 262 44,420 EXHIBIT B-2 11 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF REVENUES - ESTIMATED AND ACTUAL Year ended September 30, 1973 (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 Emergency Employment Grant State Library Grant Traffic Safety Administration GENERAL FUND REVENUES Actual over Estimated Actual (under) revenues revenues estimated $ 1,600 $ 1,943 $ 343 2,000 18,275 2,500 14,431 2,400 5,750 18,528 19,627 5,000 90,111 2,000 23,700 2,800 44,555 1,832 12,445 18,528 27,947 15,650 5,425 300 30,124 (568) 6,695 8,320 (5,000) 15,650 151,400 61,289 $956,211 $1,195,452 $239,241 EXHIBIT B-2 12 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 Actual (over) Appropriations Expenditures under General Government: Supervision $ 19,600 $ 19,800 $ (200) Clerical 5,436 3,767 1,669 Labor operations 4,350 1,844 2,506 Extra help 2,400 1,458 942 Longevity 690 421 269 Employee benefits 6,295 5,537 758 Office supplies 2,600 1,334 1,266 Motor fuel 300 188 112 Maintenance - equipment 1,000 697 303 Communications 1,850 1,691 159 Car allowances 3,300 3,929 (629) Insurance 900 548 352 Special services 1,800 2,530 (730) Engineer fees 3,500 8,885 (5,385) Audit fees 1,100 1,225 (125) Tax office fees 15,742 18,080 (2,338) Advertising 500 359 141 Travel expense and meetings 7,000 9,683 (2,683) Dues and subscriptions 2,700 2,750 (50) Elections expense 400 558 (158) Signal systems 35 (35) Capital expenditures: Furniture 400 400 Machinery 450 1,015 (565) 82,313 86,334 (4,021) Less departmental allocations: Law Enforcement 5,360 5,360 - Library 10,104 10,104 15,464 15,464 - 66,849 70,870 (4,021) EXHIBIT B-3 13 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Appropriations Expenditures Law Enforcement: Police Department: Supervision Clerical Labor operations Employee benefits Longevity Overtime Office supplies Wearing apparel Motor fuel supplies Education supplies Maintenance - furniture and fixtures Maintenance - traffic signals 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 Hire of equipment Capital expenditures: Motor vehicles Furniture and fixtures Signal systems and other $ 13,420 19,900 195,078 28,000 3,500 4,500 2,000 4,600 4,800 150 75 7,000 8,060 900 4,000 1,700 2,400 1,200 700 3,500 15 800 38 1,000 18,500 600 3,250 329,686 $ 13,820 29,290 202,613 28,089 3,045 6,419 1,473 5,222 6,204 143 80 6,969 11,481 1,254 2,556 3,371 3,117 983 1,184 4,103 15 2,013 128 737 19,052 335 3,186 356,882 Actual (over) under $ (400) (9,390) (7,535) (89) 455 (1,919) 527 (622) (1,404) 7 (5) 31 (3,421) (354) 1,444 (1,671) (717) 217 (484) (603) (1,213) (90) 263 (552) 265 64 (27, 196) EXHIBIT B-3 14 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Law Enforcement: (continued) Legal and Corporation Court: Judge's salary $ 3,500 $ 3,795 $ (295) Clerical 4,572 4,596 (24) Office supplies 1,000 631 369 City attorney's fees 10,000 16,165 (6,165) Other 380 514 (134) Salary -related expenses 1,360 530 830 20,812 26,231 (5,419) Administrative expense allocation 5,360 5,360 - Total Law Enforcement 355,858 388,473 (32,615) Fire Department: Labor operations 103,648 113,815 (10,167) Employee benefits 12,000 12,106 (106) Longevity 1,400 1,064 336 Office supplies 100 236 (136) Wearing apparel 2,200 3,255 (1,055) Motor fuel supplies 2,300 2,765 (465) Minor apparatus 2,000 5,093 (3,093) Janitorial supplies 2,200 1,823 377 Chemicals 50 84 (34) Maintenance - building 600 63 537 Maintenance - heating and cooling systems 800 502 298 Maintenance - instruments and apparatus 150 21 129 Maintenance - motor vehicles 2,000 1,960 40 Maintenance - signal system 650 846 (196) Insurance 1,550 1,565 (15) Communications 1,500 1,303 197 Travel expense and meetings 400 199 201 Rents 300 300 Hire of equipment 100 71 29 EXHIBIT B-3 15 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Fire Department: (continued) Association dues and subscriptions $ 100 $ 270 $ (170) Electric 1,300 1,410 (110) Water 400 264 136 Gas 700 826 (126) Special services and other 2,120 315 1,805 Capital expenditures: Motor vehicles 750 750 Furniture and fixtures 240 205 35 Instruments and apparatus 1,000 1,180 (180) Signal systems 2,000 1,503 497 142,558 153,044 (10,486) Street Department: Supervision 11,529 12,127 (598) Labor operations 29,832 32,858 (3,026) Clerical 4,164 3,341 823 Extra help, overtime and longevity 1,570 1,682 (112) Employee benefits 5,400 4,522 878 Wearing apparel 1,100 934 166 Motor fuel supplies 1,720 1,725 (5) Office supplies 275 213 62 Chemical supplies 400 375 25 Mechanical, janitorial and laundry supplies 30 30 Street lights - electricity and repairs 7,378 7,149 229 Maintenance - streets 35,300 24,988 10,312 Maintenance - machinery and other 1,325 1,301 24 Maintenance - motor vehicles 1,000 913 87 Insurance - motor vehicles 1,080 1,020 60 Communications 250 250 Hire of equipment 6,270 6,721 (451) EXHIBIT B-3 16 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Street Department: (continued) Minor apparatus $ 1,500 $ 843 $ 657 Travel expense 300 300 Capital expenditures: Motor vehicles and machinery 4,400 6,423 (2,023) 114,823 107,415 7,408 Traffic Safety Administration: Supervision 7,734 9,597 (1,863) Clerical 3,624 3,687 (63) Longevity 252 193 59 Benefits 1,296 598 698 Office supplies 2,400 466 1,934 Communication 95 83 12 Hire of equipment 40 40 Travel 2,400 548 1,852 Capital expenditures: Furniture and fixtures 628 566 62 Machinery 500 621 (121) 18,969 16,399 2,570 Animal Control: Labor operations 10,887 11,441 (554) Longevity 72 71 1 Overtime 50 489 (439) Employee benefits 1,300 1,450 (150) Office supplies 150 57 93 Motor fuel supplies 300 300 Maintenance - motor vehicles 400 487 (87) Maintenance - signal systems 100 100 Wearing apparel 600 345 255 Insurance 155 156 (1) Animal care 350 345 5 Other 625 225 400 14,989 15,466 (477) EXHIBIT B-3 17 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Building and Zoning Department: Supervision $ 9,384 $ 9,928 $ (544) Clerical 4,800 5,073 (273) Labor operations 6,588 6,989 (401) Extra help 480 480 Longevity 620 590 30 Employee benefits 2,500 2,348 152 Office supplies 600 482 118 Motor fuel supplies 600 600 Insurance 450 425 25 Maintenance - motor vehicles 375 162 213 Maintenance - signal systems 100 144 (44) Communications 350 350 Advertising 120 148 (28) Hire of equipment 500 419 81 Travel expense and meetings 350 896 (546) Wearing apparel 175 143 32 Association dues and subscriptions 50 2 48 Minor apparatus 50 50 Capital expenditures - fixtures 200 200 28,292 28,699 (407) School Crossing Guard: Labor 6,000 5,297 703 Benefits 550 441 109 6,550 5,738 812 EXHIBIT B-3 18 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Library: Supervision $ 5,322 $ 5,246 $ 76 Clerical 12,384 11,568 816 Extra help 5,897 4,707 1,190 Longevity 900 675 225 Benefits 2,800 2,524 276 Office supplies 1,375 1,500 (125) Insurance 300 302 (2) Maintenance 350 599 (249) Rebinding books 1,500 1,400 100 Communications 324 346 (22) Travel expense and meetings 350 165 185 Association dues and subscriptions 110 98 12 Other 290 50 240 Capital expenditures - books 10,000 6,138 3,862 Furniture and fixtures 365 314 51 42,267 35,632 6,635 Administrative expense allocation 10,104 10,104 52,371 45,736 6,635 Recreation Department: Supervision 1,608 2,175 (567) Clerical 1,342 742 600 Labor operations 10,579 9,899 680 Longevity 27 12 15 Employee benefits 764 758 6 Office supplies 400 414 (14) Motor fuel 150 150 Insurance 161 179 (18) Minor apparatus 25 1 24 Maintenance - machinery and implements 250 107 143 Communications 150 150 Educational and recreational 550 766 (216) EXHIBIT B-3 19 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Recreation Department: (continued) Travel $ 150 $ 259 $ (109) Association dues and subscriptions 10 70 (60) Electric 1,300 3,054 (1,754) Hire of equipment 300 388 (88) Contributions and awards 350 194 156 Special services 1,000 1,430 (430) Furniture and fixtures 75 (75) 19,116 20,823 (1,707) Park Department: Supervision 603 1,169 (566) Clerical 1,342 761 581 Labor operations 27,354 26,261 1,093 Longevity 360 272 88 Employee benefits 3,197 2,834 363 Office supplies 125 131 (6) Wearing apparel 700 629 71 Motor fuel supplies 1,300 1,300 Minor apparatus 600 661 (61) Botanical supplies 1,300 1,738 (438) Building maintenance 100 525 (425) Maintenance - motor vehicles 200 372 (172) Betterments 1,520 1,073 447 Maintenance - other vehicles 300 381 (81) Maintenance - fixtures and other 1,500 4,183 (2,683) Communications 125 125 Hire of equipment 225 225 Advertising 20 20 Water 2,300 3,242 (942) Insurance 1,200 663 537 EXHIBIT B-3 20 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Park Department: (continued) Travel expense $ 100 $ 231 $ (131) Dues and subscriptions 25 15 10 Waste disposal 500 858 (358) Capital expenditures - machinery 2,826 2,962 (136) 47,822 50,611 (2,789) Midway Swimming pool: Supervision 402 817 (415) Labor operations 10,051 7,488 2,563 Longevity 27 18 9 Employee benefits 610 622 (12) Office supplies 100 91 9 Awards 75 75 Janitorial supplies 50 19 31 Chemicals 800 616 184 Equipment rental 75 75 Building maintenance 350 99 251 Equipment maintenance 930 117 813 Communications 150 100 50 Minor apparatus 20 174 (154) Electric 200 200 Water 130 130 Insurance 350 265 85 Capital expenditures - fixtures 30 (30) 14,320 10,861 3,459 Wilshire Swimming Pool: Labor operations 10,637 10,155 482 Benefits 614 580 34 Office supplies 100 95 5 Chemicals 800 541 259 Minor apparatus 20 360 (340) Janitorial 50 54 (4) EXHIBIT B-3 21 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Wilshire Swimming Pool: (continued) Communications $ 150 $ 89 $ 61 Hire of equipment 75 75 Insurance 350 265 85 Electricity 200 200 Water 130 115 15 Awards 60 60 Maintenance - furniture and fixtures 86 (86) Equipment 350 242 108 13,536 12,857 679 South Euless Swimming Pool: Supervision 402 850 (448) Clerical 1,342 800 542 Labor operations 8,866 7,806 1,060 Longevity 27 18 9 Benefits 614 596 18 Office supplies 100 60 40 Minor apparatus 20 231 (211) Janitorial 50 35 15 Chemicals 800 680 120 Communications 150 93 57 Hire of equipment 75 75 Insurance 350 265 85 Electricity 200 200 Water 130 130 Awards 60 60 Capital expenditures - fixtures 350 30 320 13,536 11,794 1,742 EXHIBIT B-3 22 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Civic Center: Supervision, labor and extra help $ 14,618 $ 13,474 $ 1,144 Employee benefits 1,870 1,549 321 Minor apparatus 1,200 983 217 Janitorial and mechanical 1,300 1,820 (520) Wearing apparel 560 441 119 Building maintenance 3,500 2,767 733 Houses - Sheppard Drive 500 1,253 (753) Heating and cooling systems 800 1,096 (296) Insurance 500 257 243 Electric 12,500 12,777 (277) Water 1,200 988 212 Gas 1,000 1,975 (975) Waste disposal 250 212 38 Capital expenditures: Payment on houses 1,504 1,435 69 Fixtures 1,000 1,986 (986) Heating and cooling systems 77,543 (77,543) 42,302 120,556 (78,254) Less department allocations - Community Building 15,464 15,464 - 26,838 105,092 (78,254) Community Building: Supervision 603 1,133 (530) Clerical 1,342 800 542 Labor operations 16,741 18,302 (1,561) Employee benefits 1,435 1,516 (81) Office supplies 200 162 38 Insurance 625 646 (21) Educational and recreational 600 851 (251) Maintenance 200 473 (273) EXHIBIT B-3 23 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1973 (Continued) Actual (over) Appropriations Expenditures under Community Building: (continued) Equipment rental $ 225 $ 225 $ - Communications 275 242 33 Civic Center expense allocation 15,464 15,464 Capital expenditures - furniture and fixtures 1,043 1,265 (222) 38,753 41,079 (2,326) Total all departments $ 975,180 $1,084,957 $ (109,777) EXHIBIT B-3 24 CITY OF EULESS, TEXAS DEBT SERVICE FUND BALANCE SHEET September 30, 1973 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, 1973 $170,540 13,668 $184,208 $ 13,668 170,540 $184,208 Balance at beginning of year $147,951 Add excess of revenues over expenditures (Exhibit C-2) 22,589 Balance at end of year $170,540 EXHIBIT C-1 25 CITY OF EULESS, TEXAS DEBT SERVICE FUND STATEMENT OF REVENUES AND EXPENDITURES Year ended September 30, 1973 Revenues: General property taxes and penalty and interest collected Expenditures: Interest on bonds Matured bonds Service charges Excess of revenues over expenditures EXHIBIT C-2 $184,723 $106,985 55,000 149 162,134 22,589 26 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS BALANCE SHEET September 30, 1973 Street Improvement Park and Service Revenue and Drainage Recreation Center Sharing ASSETS Total Fund Fund Fund Fund Cash and short-term investments (Exhibit A-5) Assessments receivable RESERVES AND APPROPRIATIONS Due to General Fund Reserve for uncollected assessments Reserve for street and drainage escrow deposits Appropriations - Unencumbered Fund balance $249,388 $ 52,556 $ 10,370 $ 40,000 $146,462 53,775 53,775 $303,163 $106,331 $ 10,370 $ 40,000 $146,462 $ 82,341 $ - $ 82,341 53,775 53,775 14,879 14,879 152,168 37,677 (71,971) 40,000 146,462 $303,163 $106,331 $ 10,370 $ 40,000 $146,462 EXHIBIT D 27 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Year ended September 30, 1973 Cash balance at beginning of year Receipts: Matching grants-in-aid Advance from other funds Paving assessments Revenue sharing grant Disbursements: Capital outlay Miscellaneous Cash balance at end of year Total Street Improvement Park and Service Revenue and Drainage Recreation Center Sharing Fund Fund Fund Fund $242,411 $125,666 $ 76,745 $ 40,000 $ 51,640 82,341 40,451 40,451 146,462 320,894 40,451 313,872 113,516 45 45 313,917 113,561 51,640 82,341 133,981 200,356 200,356 146,462 - 146,462 $249,388 $ 52,556 $ 10,370 $ 40,000 $146,462 EXHIBIT D-1 28 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS September 30, 1973 Amount appropriated: From: Bonds sold Paving assessments Other participation Matching grants-in-aid Advances from other funds Revenue sharing grants Total Street Improvement Park and Service Revenue and Drainage Recreation Center Sharing Fund Fund Fund Fund $1,980,000 $1,480,000 $460,000 $ 40,000 $ 263 464 263,464 129,818 129,748 70 51,640 51,640 82,341 82,341 146,462 146,462 2,653,725 1,873,212 594,051 40,000 146,462 Less expenditures: Of prior fiscal periods 2,090,420 1,707,095 383,325 - - Of this period 313,917 113,561 200,356 2,404,337 1,820,656 583,681 - - Unexpended balance $ 249,388 $ 52,556 $ 10,370 $ 40,000 $146,462 EXHIBIT D-2 29 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND BALANCE SHEET September 30, 1973 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 Contractual rights to sewer treatment facilities net of amortization of $109,684 (Note 2) $ 96,055 371 8,032 253,912 32,970 191,385 6,264,525 6,488,880 1,071,349 $ 907,382 95,684 1,003,066 58,836 261,944 100,000 423,288 154,044 87,844 5,282 1,091,238 5,417,531 1,285,519 $8,797,354 LIABILITIES, RESERVES, CONTRIBUTIONS AND RETAINED EARNINGS Current liabilities: Payable from current assets: Revenue bonds payable within one year (Exhibit A-4) Contractual obligation due within one year (Note 2) Payable from restricted assets: Customer deposits Accrued revenue bond interest payable Total current liabilities Other liabilities payable after one year: Revenue bonds (Note 1) (Exhibit A-4) Contractual obligations payable to Trinity River Authority (Note 2) Total liabilities Reserves: Reserve for revenue bond debt service, next maturing Reserve for revenue bond retirement Reserve for contingency Total reserves Contributions: Contributions from subdividers Retained earnings (Exhibit E-1) See accompanying notes. EXHIBIT E $ 87,844 46,528 4,695,000 1,623,873 58,836 261,944 100, 000 $ 105,000 35,000 140,000 134,372 274,372 6,318,873 6,593,245 420,780 929,876 853,453 $8,797,354 30 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND ANALYSIS OF CHANGES IN RETAINED EARNINGS Year ended September 30, 1973 Retained earnings at beginning of year Add: Net income (Exhibit E-2) Deduct: Increase in reserve for revenue bond debt service - next maturing Increase (decrease) in reserve for revenue bond retirement Increase in reserve for contingency $18,520 (356) 4,090 $706,128 169,579 875,707 Total deductions 22,254 Retained earnings at end of year $853,453 See accompanying notes. EXHIBIT E-1 31 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND STATEMENT OF REVENUES AND EXPENSES - ACTUAL AND BUDGETED Year ended September 30, 1973 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 Net income Budget $700,000 220,000 9,500 16,850 946,350 331,105 615,245 12,000 627,245 185,000 39,000 224,000 403,245 227,277 108,656 18,528 354,461 $ 48,784 See accompanying notes. Actual $ 701,128 264,627 19,893 36,204 1,021,852 355,279 666,573 82,238 748,811 186,715 39,047 225,762 523,049 226,287 108,655 18,528 353,470 $ 169,579 Actual (over) under $ (1,128) (44,627) (10,393) (19,354) (75,502) (24,174) (51,328) (70,238) (121,566) (1,715) (47) (1,762) (119,804) 990 1 991 $(120,795) EXHIBIT E-2 32 CITY OF EULESS, TEXAS NOTES TO WATER AND SEWER ENTERPRISE FUND FINANCIAL STATEMENTS September 30, 1973 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, 1973, $1,650,000 (28.45%) 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 and water supply 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 accompanying financial statements to the extent that facilities have been furnished and bonds issued. The rights to sewer treatment facilities will be amortized over the periods covered by the contracts 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 expenses 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. 33 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1973 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 operations Employee benefits Overtime Wearing apparel Motor fuel Minor apparatus Maintenance: Machinery and tools Motor vehicles Signal system Water Electricity Bank charges Actual (over) Budget Actual under $ 14,194 14,084 5,000 390 6,500 2,000 3,700 500 1,100 400 2,500 50 1,150 $ 13,005 16,792 4,457 387 7,123 2,124 3,518 600 1,225 292 2,618 10 1,710 2,603 51,568 56,464 3,465 3,465 14,509 13,846 2,180 1,880 2,000 660 350 331 1,000 1,000 100 160 200 312 200 282 300 316 2,000 1,034 52,000 67,245 100 194 $ 1,189 (2,708) 543 3 (623) (124) 182 (100) (125) 108 (118) 40 (560) (2, 603) (4,896) 663 300 1,340 19 (60) (112) (82) (16) 966 (15,245) (94) 78,404 90,725 (12,321) EXHIBIT E-3 34 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1973 (Continued) Actual (over) Budget Actual under Water distribution: Supervision $ 3,465 $ 3,465 $ - Labor operations 42,663 41,950 713 Employee benefits 5,700 5,089 611 Overtime 2,000 2,878 (878) Wearing apparel 950 1,014 (64) Motor fuel 2,000 2,000 Minor apparatus 1,200 862 338 Chemicals 250 31 219 Maintenance: Instruments and apparatus 1,000 210 790 Machinery 1,500 828 672 Motor vehicles 2,500 1,620 880 Water mains 5,000 4,330 670 Water meters 5,000 7,229 (2,229) Signal system and other 524 465 59 Fire hydrants 600 535 65 Hire of equipment 100 100 Janitorial supplies 100 58 42 Travel and subscriptions 575 75 500 Bank charges 150 369 (219) Buildings 500 16 484 75,777 73,024 2,753 Sewer collection and treatment: Supervision 3,465 5,862 (2,397) Labor operations 25,169 24,416 753 Overtime 2,000 1,670 330 Employee benefits 3,550 2,875 675 Wearing apparel 800 684 116 Motor fuel 1,200 1,200 Minor apparatus 5,000 425 4,575 Chemicals 2,500 62 2,438 EXHIBIT E-3 35 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1973 (Continued) Sewer collection and treatment: (continued) Maintenance: Sanitary sewers Machinery Motor vehicles Signal systems Hire of equipment Treatment fees paid to other systems Electric Bank charges Travel Total operating expenses Budget Actual $ 2,500 1,000 250 260 100 76,692 720 150 $ 865 430 422 193 93,013 2,545 364 40 Actual (over) under $ 1,635 570 (172) 67 100 (16,321) (1,825) (214) (40) 125,356 135,066 (9,710) $331,105 $355,279 $(24,174) EXHIBIT E-3 36 ASSETS CITY OF EULESS, TEXAS TRUST AND AGENCY FUNDS BALANCE SHEET September 30, 1973 Social Security Escrow Total Fund Fund Cash in bank (Exhibit A-5) $ 62,238 $ 28,477 $ 33,761 LIABILITIES, RESERVES AND FUND BALANCE Payroll taxes payable $ 24,209 $ 24,209 $ - Reserve for general escrow deposits Fund balance 4,268 4,268 $ 62,238 $ 28,477 $ 332761 33,761 33,761 EXHIBIT F 37 CITY OF EULESS, TEXAS TRUST AND AGENCY FUNDS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Year ended September 30, 1973 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 Balance at end of year Social Security Escrow Total Fund Fund $269,535 $ 23,575 $245,960 259,489 259,489 500,317 500,317 759,806 259,489 500,317 254,587 254,587 712,516 712,516 967,103 254,587 712,516 $ 621238 $ 282477 $ 33,761 EXHIBIT F-1 38 CITY OF EULESS, TEXAS STATEMENT OF GENERAL FIXED ASSETS September 30, 1973 General fixed assets: Buildings Improvements other than buildings Machinery and equipment Investment in general fixed assets: From general bonds From current revenues and assessments $ 985,317 2,579,081 370,277 $3,934,675 $2,461,214 1,473,461 $3,934,675 EXHIBIT G 39 CITY OF EULESS, TEXAS STATEMENT OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE Year ended September 30, 1973 Balance at beginning of year Add: Expenditures from assessments and other special funds Expenditures from current revenues Balance at end of year Total Buildings $3,495,383 $983,882 98,466 340,826 1 ,435 $3,934,675 $985,317 Improvements other than buildings Machinery and equipment $2,265,164 $246,337 98,466 215,451 123,940 $2,579,081 $370,277 EXHIBIT G-1 40 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, 1973 Improvements Machinery other than and Total Buildings buildings equipment $ 385,702 $253,346 $ - $132,356 2,008,774 1,974,469 34,305 233,019 154,525 78,494 155,104 92,241 62,863 830,052 235,361 573,588 21,103 322,024 249,844 31,024 41,156 $3,934,675 $985,317 $2,579,081 $370,277 EXHIBIT G-2 41 CITY OF EULESS, TEXAS STATEMENT OF GENERAL LONG-TERM DEBT September 30, 1973 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 Serial bonds payable in future years (Table V) $2,480,000 $ 170,540 2,309,460 $2,480,000 EXHIBIT H SUPPLEMENTARY INFORMATION - STATISTICAL DATA 42 Tax roll dates 10- 10- 10- 10- 10- 10- 10- 10- 10- 10- 1- 63 1-64 1-65 1-66 1-67 1-68 1-69 1-70 1-71 1-72 Fiscal period ending 9-30-64 9-30-65 9-30-66 9-30-67 9-30-68 9-30-69 9-30-70 9-30-71 9-30-72 9-30-73 CITY OF EULESS, TEXAS TAX LEVIES AND TAX COLLECTIONS Last ten fiscal years Assessed value $19,987,160 25,693,730 30,285,610 41,603,636 45,009,290 48,914,070 67,556,170 77,420,170 86,000,000 93,312,960 Total tax levy $139,847 256,937 302,856 320,348 382,592 415,770 574,240 658,071 695,199 793,175 TABLE I Collections current years taxes during fiscal period $134,920 241,197 300,609 304,185 369,344 402,888 543,005 621,586 676,102 769,851 Percent of collection of current levy 96.47 93.87 99.25 94.95 96.53 96.90 94.56 94.45 97.25 97.06 Collection on delinquent rolls fiscal period $ 3,120 2,503 1,410 5,767 14,398 7,432 8,637 21,049 20,658 17,146 Total collections during fiscal period $138,040 243,700 302,019 309,952 383,742 410,320 551,642 642,635 696,760 786,997 Percent of total collection to tax levy 98.70 94.85 99.72 96.71 100,30 98.69 96.06 97.65 100.22 99.22 43 Tax roll dates 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 10- 1-72 10- 1-73 City $ .70 1.00 1.00 .77 .85 .85 .85 .85 .85 .85 .85 CITY OF EULESS, TEXAS TAX RATES AND TAX LEVIES Prior fiscal years TAX RATES School $1.36 1.36 1.36 1.45 1.45 1.45 1.69 1.69 1.69 1.69 1.69 TAX LEVIES County $ .82 .82 .82 .82 .82 .82 .82 .88 .88 .88 .86 (Estimated) Tax roll Fiscal dates period City School 10- 1-63 9-30-64 $139,847 $ 271,825 10- 1-64 9-30-65 256,937 349,434 10- 1-65 9-30-66 302,856 411,884 10- 1-66 9-30-67 320,348 603,248 10- 1-67 9-30-68 382,592 652,625 10- 1-68 9-30-69 415,784 775,056 10- 1-69 9-30-70 574,240 1,000,000 10- 1-70 9-30-71 658,071 1,100,000 10- 1-71 9-30-72 695,199 1,200,000 10- 1-72 9-30-73 793,175 1,600,000 State $ .42 .42 .42 .42 .42 .42 .42 .42 .37 .32 .22 County and state $148,704 318,601 375,541 515,881 558,125 615,426 668,500 714,000 725,000 750,000 Total $3.30 3.60 3.60 3.46 3.54 3.54 3.78 3.84 3.79 3.74 3.62 Total $ 560,376 924,972 1,090,281 1,439,477 1,593,342 1,806,266 2,242,740 2,472,071 2,620,199 3,143,175 TABLE II 44 CITY OF EULESS, TEXAS REVENUES - OTHER THAN PROPERTY TAXES Last ten fiscal years Taxes (other than Licenses County Fiscal property and fire Revenue period taxes) permits Fines program Library Sharing Other 9-30-64 $ 26,674 $ 21,447 $ 19,387 $ 1,500 $ 2,558 $ $ 2,086 9-30-65 33,207 14,589 21,208 1,500 2,555 31,209 9-30-66 36,045 9,448 23,344 1,500 2,518 19,002 9-30-67 34,349 13,170 42,069 1,600 6,805 26,045 9-30-68 44,502 27,833 50,343 1,600 5,206 43,409 9-30-69 53,317 30,642 46,025 2,000 7,915 55,920 9-30-70 117,162 20,187 58,027 2,200 7,444 58,360 9-30-71 199,807 40,464 57,002 2,400 6,607 58,355 9-30-72 222,960 31,966 76,101 2,600 8,915 106,935 9-30-73 293,011 35,984 109,720 2,800 3,943 146,462 144,657 TABLE III 45 CITY OF EULESS, TEXAS EXPENDITURES FOR SELECTED FUNCTIONS Last ten fiscal years Fiscal period General Law Fire Public ended government enforcement department works 9-30-64 $ 68,231 $ 76,123 $ 3,427 $ 31,790 9-30-65 81,923 97,958 23,218 42,659 9-30-66 73,664 105,859 30,337 67,436 9-30-67 87,735 129,954 29,850 54,691 9-30-68 40,699* 155,890 33,878 83,077 9-30-69 29,826 189,578 43,450 89,367 9-30-70 53,849 240,017 58,651 99,427 9-30-71 60,934 296,293 105,713 107,488 9-30-72 59,678 341,727 131,732 119,785 9-30-73 70,870 388,473 153,044 157,318 Parks and recreation Library * Beginning in 1968 certain expenditures classified as nondepartmental and previously reported under "general government" have been allocated or charged directly to the several functions listed above. $ 11,272 19,610 44,378 61,081 79,141 113,482 119,906 135,421 138,783 253,117 $ 14,092 18,808 21,382 33,285 35,032 40,504 42,435 48,605 45,736 TABLE IV 46 Fiscal CITY OF EULESS, TEXAS GENERAL OBLIGATION BONDS OTHER THAN WATER AND SEWER REVENUE DEBT SERVICE CHARGES Bonds outstanding Principal Requirements Interest Total 1974 $2,480,000 $ 55,000 $ 104,797 $ 159,797 1975 2,425,000 60,000 102,485 162,485 1976 2,365,000 60,000 100,048 160,048 1977 2,305,000 65,000 97,610 162,610 1978 2,240,000 70,000 94,860 164,860 1979 2,170,000 70,000 92,004 162,004 1980 2,100,000 75,000 89,017 164,017 1981 2,025,000 80,000 85,838 165,838 1982 1,945,000 80,000 82,478 162,478 1983 1,865,000 80,000 79,102 159,102 1984 1,785,000 85,000 75,643 160,643 1985 1,700,000 95.000 71,795 166,795 1986 1,605,000 95,000 67,485 162,485 1987 1,510,000 105,000 62,868 167,868 1988 1,405,000 110,000 57,957 167,957 1989 1,295,000 70,000 53 938 123,938 1990 1,225,000 75,000 50,997 125,997 1991 1,150,000 75,000 47,831 122,831 1992 1,075,000 75,000 44,662 119,662 1993 1,000,000 60,000 41,986 101,986 1994 940,000 60,000 39,604 99,604 1995 880,000 60,000 37,223 97,223 1996 820,000 65,000 34,912 99,912 1997 755,000 70,000 32,410 102,410 1998 685,000 70,000 29,715 99,715 1999 615,000 70,000 26,985 96,985 2000 545,000 70,000 24,255 94,255 2001 475,000 75,000 21,525 96,525 2002 400,000 75,000 18,600 93,600 2003 325,000 80,000 15,113 95,113 2004 245 000 80,000 11,392 91,392 2005 165,000 80,000 7,672 87,672 2006 85,000 85,000 3,952 88,952 $2,480,000 $1,806,759 $4,286,759 TABLE V 47 Fiscal CITY OF EULESS, TEXAS REVENUE WATER AND SEWER BONDS DEBT SERVICE CHARGES Bonds outstanding Principal Interest Total Requirements 1974 $4,800,000 $ 105,000 $ 222,250 $ 327,250 1975 4,685,000 110,000 217,475 327,475 1976 4,575,000 115,000 212,475 327,475 1977 4,460,000 120,000 207,237 327,237 1978 4,340,000 125,000 201,775 326,775 1979 4,225,000 130,000 196,088 326,088 1980 4,095,000 140,000 190,175 330,175 1981 3,955,000 145,000 183,800 328,800 1982 3,810,000 155,000 177,138 332,138 1983 3,655,000 160,000 170,075 330,075 1984 3,495,000 165,000 162,700 327,700 1985 3,330,000 175,000 154,960 329,960 1986 3,155,000 180,000 146,725 326,725 1987 2,975,000 200,000 138,175 338,175 1988 2,775,000 205,000 128,525 333,525 1989 2,570 000 210,000 118,650 328,650 1990 2,360,000 220,000 108,450 328,450 1991 2,140,000 165,000 97,800 262,800 1992 1,975,000 135,000 88,875 223,875 1993 1,840,000 120,000 82,800 202,800 1994 1,720,000 35,000 77,400 112,400 1995 1,685,000 130,000 75,825 205,825 1996 1,555,000 135,000 69,975 204,975 1997 1,420,000 145,000 63,900 208,900 1998 1,275,000 150,000 57,375 207,375 1999 1,125,000 120,000 50,625 170,625 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 5,625 130,625 $4,800,000 TABLE VI $3,751,098 $8,551,098 48 CITY OF EULESS, TEXAS INSURANCE IN FORCE September 30, 1973 Fire and extended coverage, 80% coinsurance: On contents of city offices, jail, and community center City offices, jail, and community center Library building 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 Contents City offices, jail, and community center Comprehenise glass breakage: City offices, jail, library, and community center Vehicle liability - all vehicles: Bodily injury Amusement liability Manufacturers' and contractors' liability - water and sewer operation: Bodily injury 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 12- 1-73 12- 12- 12- 9- 12- 1-73 1-73 1-73 3-76 1-73 9- 3-76 9- 3-76 12- 1-73 12- 1-73 9- 28- 74 9-14-74 9- 3-74 9- 3-74 9-14-74 2- 7-74 8-25-74 Amount of insurance 3 $ 40,000 3 429,170 3 180,000 3 30,000 3 466,400 3 30,000 3 72,000 3 3 3 2 466,400 429,170 40,000 Scheduled 2 100/300,00 2 300,000 2 2 1 300,000 ACV 7,500 2,500 2 1,000 TABLE VII 49 CITY OF EULESS, TEXAS INSURANCE IN FORCE September 30, 1973 (Continued) Amount of Expires Insurers insurance Fire and extended coverage for houses on Sheppard Drive: House on 110 N. Sheppard Drive 11-25-75 1 $ 10,000 House on 114 N Sheppard Drive 4-10-74 1 10,000 House on 134 N Sheppard Drive 4-20-74 1 10,000 Insurers: 1. Trinity Universal Insurance Co. 2. United States Fire Insurance Co. 3. North River Insurance Co. 4. 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 50 CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS 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) $ 748,811 Average annual requirements: Water and Sewer Revenue Bonds Commitments to Trinity River Authority (net of City of Bedford's participation) Coverage See Exhibits E for Water and Sewer Enterprise Fund financial statements and notes. TABLE VIII $ 267,222 142,372 $ 409,594 1.83 times