HomeMy WebLinkAboutFY 1972 Financial Statements and Supplementary Information - AuditCITY OF EULESS, TEXAS
FINANCIAL STATEMENTS
AND SUPPLEMENTARY INFORMATION
YEAR ENDED SEPTEMBER 30, 1972
with
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
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
12-21
22
22
23
24
25
26
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
27
28
29
30
31-33
34
35
36
37
38
39
40
41
42
43
44
45
46-47
48-51
REPORT
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
uimmm
THE ANNUAL FINANCIAL REPORT OF
'The City of Euless, rfaas
For the Fiscal Year ended September 30,1971
SUBSTANTIALLY CONFORMS TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
f6lunicipal finance fficers aOtociation
AND THE
Rational Committee on eobernmental accounting
THIS SUPPLEMENTS A CERTIFICATE OF CONFORMANCE PRESENTED TO THE ABOVE NAMED
GOVERNMENTAL UNIT Jam&ary 13,1'o5
Prevented .h\arch 31, 1,72.
tiZ41 Executive Ovect�
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
EULESS, TEXAS
BUTLER 3.5381
201 ECTOR DRIVE 76039
November 23, 1972
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, 1972, 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, 1972, 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 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
1972
Increase
1971 (decrease)
$ 301,757 $ 178,805 $122,952
$ 963,262 $ 845,553 $117,709
$ 840,310 $ 748,284 $ 92,026
697,433 $ 365,434 $331,999
$1,912,160 $1,669,943 $242,217
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, $21,268 has been transferred to the bond
paying agent for reserve purposes and $15,950 has been restricted
during the current year for emergencies.
The City has retired a total of $1,640,000 of revenue bonds
with proceeds from the sale of water and sewer facilities to the City
of Bedford, and $428,915 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,
cy___AA.zy
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 accompanying balance sheets of
the various funds and balanced account groups of the City of
Euless, Texas, as indexed herein, at September 30, 1972 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,
1972 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.
atlitA7vIre 1_ sck
October 20, 1972
2
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1972
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
Amount available for retirement of general long-term debt
Amount to be provided for retirement of general long-term debt
General
Fund
$301,757
39,417
Total assets and other debits $341,174
EXHIBIT A
Debt
Service
Fund
$147,951
14,623
Capital
Projects
Funds
$242,411
25,498
$162,574 $267,909
Water and
Sewer
Enterprise
Fund
Trust
and
Agency
Funds
$ 697,433 $269,535
75,508
635,256
734,834
5,350
32,970
4,990,980
134,406
1,324,566
$
General
Fixed
Assets
983,882
2,265,164
246,337
General
Long-term
Debt
147,951
2,387,049
$8,631,303 $269,535 $3,495,383 $2,535,000
3
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1972
(Continued)
LIABILITIES
Payroll taxes and other payables
Customer and developers' deposits
Accrued revenue bond interest payable
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
Total liabilities, reserves and
fund balances/ retained earnings
EXHIBIT A
General
Fund
Debt Capital
Service Projects
Fund Funds
22,354
- 22,354
39,417 14,623
147,951
301,757
25,498
220,057
Water and
Sewer
Enterprise
Fund
78,352
47,290
6,593,501
6,719,143
40,316
262,300
95,910
807,506
706,128
Trust
and
Agency
Funds
$ 18,706
245,960
264,666
4,869
General
Fixed
Assets
$
General
Long-term
Debt
2,535,000
- 2,535,000
3,495,383
$341,174 $162,574 $267,909 $8,631,303 $269,535 $3,495,383 $2,535,000
4
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS
Year ended September 30, 1972
Balance Balance
10-1-71 Receipts Disbursements 9-30-72
General Fund $ 178,805 $ 963,262 $ 840,310 $ 301,757
Debt Service Fund 122,933 189,342 164,324 147,951
Capital Projects
Funds 436,335 56,714 250,638 242,411
Water and Sewer
Enterprise Fund 1,141,406 1,419,524 1,228,241 1,332,689
Trust and Agency
Funds 28,682 932,687 691,834 269,535
Total - all funds $1,908,161 $3,561,529 $3,175,347 $2,294,343
EXHIBIT A-1
5
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF CHANGES IN TAXES RECEIVABLE
Year ended September 30, 1972
Balance at beginning of year
Add:
Taxes levied
Transfers from current taxes
Total
Deduct:
Collections
Transfers to delinquent taxes
Adjustments
Total deductions
Balance at end of year
Total
$ 58,792
695,199
14,958
768,949
699,929
14,958
22
714,909
$ 54,040
EXHIBIT A-2
$
$
Current Delinquent
taxes taxes
$ 58,792
695,199
695,199 73,750
679,052
14,958
1,189
695,199
COMBINED SCHEDULE OF TAXES RECEIVABLE BY FUNDS
September 30, 1972
Delinquent taxes receivable:
General Fund
Debt Service Fund
14,958
20,877
(1,167)
19,710
$ 54,040
$ 39,417
14,623
$ 54,040
EXHIBIT A-3
6
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF BONDS PAYABLE
September 30, 1972
Description Rates of interest Dates
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:
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%
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
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 treat-
ment service provided to that city. The $1,695,200 of bonds payable
by the City of Euless will require annual debt service payments
averaging approximately $133,425 for 28 years. (See notes to the
Water and Sewer Enterprise Fund for additional information.)
EXHIBIT A-4
Street
and
drainage
$2,000,000
430,000
295,000
205,000
200,000
350,000
1,480,000
1,480,000
$ 520,000
Public
buildings
$790,000
470,000
160,000
120,000
40,000
790,000
790,000
Bonds
Parks
Water
and
sewer
$460,000 $10,800,000
100,000
75,000
75,000
100,000
110,000
460,000
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
6,600,000
460,000 6,600,000
$ 4,200,000
3,600,000
2,200,000
800,000
6,600,000
9,330,000
$ 4,720,000
Balance
outstanding
9-30-72
$ 835,000
530,000
400,000
295,000
475,000
2,535,000
2,770,000
1,390,000
750,000
4,910,000
$ 7,445,000
7
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF CASH AND INVESTMENTS
September 30, 1972
Combined bank balances and investments:
Bank accounts:
First National Bank of Euless:
Consolidated account
Trust and Agency account
Eight 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
Amount
$ 294,313
23,575
1,975,910
300
2,294,098
8,388
Securities
guaranty
1,925,000
40,316
48,704 -
2,342,802 $1,925,000
245
253,912
432,218
$3,029,177
Deposit
insurance
guaranty
$ 20,000
20,000
20,000
300
60,300
8,388
20,000
28,388
$ 88,688
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.
EXHIBIT A-5
Cash and investments by fund:
Funds:
General Fund:
Operations
Payroll
General Debt Service Fund
Water and Sewer Enterprise Fund:
Operating
Revenue bond debt service
Revenue bond reserve
Revenue bond contingency
Property sale proceeds account
Capital projects account
Customer deposits
Trust and Agency Funds:
Escrow
Social security
Capital Projects Funds:
Park and recreation
Street and drainage
Service center
Total all funds
Demand accounts
Short-term investments
Petty cash funds
$ 301,457
300 $ 301,757
147,951
697, 433
40, 316
262,300
95, 910
432, 218
460,994
78,352 2,067,523
245, 960
23,575 269,535
76,745
125, 666
40,000 242,411
$3,029,177
$ 366,892
2,662,040
245 $3,029,177
8
CITY OF EULESS, TEXAS
GENERAL FUND
BALANCE SHEET
September 30, 1972
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
$301,757
39,417
$341,174
$ 39,417
301,757
$341,174
9
CITY OF EULESS, TEXAS
GENERAL FUND
ANALYSIS OF CHANGES IN FUND BALANCE
Year ended September 30, 1972
Fund balance, October 1, 1971 $178,805
Add:
Excess of revenues over expenditures:
Revenues (Exhibit B-2)
Expenditures (Exhibit B-3)
$963,262
840,310 122,952
Fund balance, September 30, 1972 $301,757
EXHIBIT B-1
10
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL
Year ended September 30, 1972
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
$455,078
7,300
3,000
465,378
12,500
40,000
20,000
4,000
76,500
118,000
Actual
revenues
$492,338
15,080
6,365
513,783
Actual
over
(under)
estimated
$ 37,260
7,780
3,365
48,405
15,067 2,567
42,406 2,406
18,023 (1,977)
5,086 1,086
3,692 3,692
84,274 7,774
138,686 20,686
5,000 18,050 13,050
3,500 3,055 (445)
4,000 4,530 530
1,000 1,362 362
600 550 (50)
900 1,504 604
2,000 2,915 915
17,000 31,966 14,966
60,000 75,760 15,760
500 341 (159)
60,500 76,101 15,601
EXHIBIT B-2
11
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUES - ESTIMATED AND ACTUAL
Year ended September 30, 1972
(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
GENERAL FUND REVENUES
Estimated Actual
revenues revenues
Actual
over
(under)
estimated
$ 1,700 $ 1,915 $
2,000
9,000
2,000
15,888
3,660
3,550
18,528
2,500
58,826
$796,204
2,000
9,849
2,600
44,220
3,034
8,960
18,528
22,346
5,000
118,452
$963,262
215
849
600
28,332
(626)
5,410
22,346
2,500
59,626
$167,058
EXHIBIT B-2
12
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
Actual
(over)
Appropriations Expenditures under
General Government:
Supervision $ 18,156 $ 18,282 $ (126)
Clerical 5,496 5,351 145
General labor 4,350 4,350
Extra help 2,200 2,180 20
Longevity 599 580 19
Employee benefits 5,167 5,677 (510)
Office supplies 2,600 2,532 68
Motor fuel 300 201 99
Maintenance - equipment 900 556 344
Communications 1,800 1,455 345
Car allowances 2,500 3,340 (840)
Insurance 800 459 341
Special services 200 1,991 (1,791)
Engineer fees 2,000 4,263 (2,263)
Audit fees 1,000 1,100 (100)
Tax office fees 16,000 15,742 258
Advertising 300 372 (72)
Travel expense and meetings 7,000 7,245 (245)
Dues and subscriptions 2,600 2,456 144
Elections expense 150 413 (263)
Capital expenditures:
Furniture 400 947 (547)
74,518 75,142 (624)
Less departmental allocations:
Law Enforcement 5,360 5,360
Library 10,104 10,104
15,464 15,464 -
59,054 59,678 (624)
EXHIBIT B-3
13
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(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
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
Capital expenditures:
Motor vehicles
Furniture and fixtures
Signal systems and other
Actual
(over)
Appropriations Expenditures under
$ 12,650
10,296
194,998
25,278
3,125
4,500
1,600
4,600
4,800
150
$ 12,670 $ (20)
19,052 (8,756)
191,681 3,317
25,973 (695)
2,757 368
5,507 (1,007)
2,371 (771)
3,833 767
4,757 43
464 (314)
75 58 17
5,000
6,060
900
4,000
1,700
2,400
1,200
700
3,500
15
800
38
15,500
600
3,250
307,735
6,722 (1,722)
8,228 (2,168)
820 80
2,811 1,189
1,036 664
1,141 1,259
937 263
674 26
3,269 231
6 9
462 338
38
17,138 (1,638)
40 560
4,187 (937)
316,632 (8,897)
EXHIBIT B-3
14
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Law Enforcement: (continued)
Legal and Corporation Court:
Judge's salary $ 2,500 $ 3,484 $ (984)
Clerical 4,704 5,496 (792)
Office supplies 1,000 856 144
City attorney's fees 10,000 8,725 1,275
Other 200 218 (18)
Salary -related expenses 853 956 (103)
19,257 19,735 (478)
Administrative expense
allocation 5,360
5,360
Total Law Enforcement 332,352 341,727 (9,375)
Fire Department:
Salaries 90,694 94,696 (4,002)
Employee benefits 9,610 11,126 (1,516)
Longevity 975 990 (15)
Office supplies 100 100
Wearing apparel 2,200 1,506 694
Motor fuel supplies 2,300 2,010 290
Minor apparatus 2,000 1,829 171
Janitorial supplies 2,200 2,093 107
Chemicals 50 10 40
Maintenance - building 300 729 (429)
Maintenance - instruments
and apparatus 150 70 80
Maintenance - motor vehicles 2,000 2,933, (933)
Maintenance - signal system 800 2,652 (1,852)
Insurance 1,200 1,129 71
Communications 850 1,038 (188)
Travel expense and meetings 400 476 (76)
EXHIBIT B-3
15
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Fire Department: (continued)
Association dues and
subscriptions $ 100 $ 65 $ 35
Electric 1,050 1,399 (349)
Water 400 301 99
Gas 700 564 136
Special services and other 2,120 2,493 (373)
Capital expenditures:
Motor vehicles 750 1,100 (350)
Furniture and fixtures 240 283 (43)
Instruments and apparatus 1,000 630 370
Signal systems 2,000 1,510 490
124,189 131,732 (7,543)
Street Department:
Supervision 13,368 10,804 2,564
Labor 27,876 28,147 (271)
Clerical 4,344 3,201 1,143
Extra help, overtime and
longevity 1,620 809 811
Employee benefits 4,965 4,745 220
Wearing apparel 900 1,092 (192)
Motor fuel supplies 1,750 1,617 133
Office supplies 275 275
Chemical supplies 800 318 482
Mechanical, janitorial and
laundry supplies 30 30
Street lights - electricity
and repairs 5,475 6,163 (688)
Maintenance - streets 12,000 11,360 640
Maintenance - machinery
and other 1,200 893 307
Maintenance - motor vehicles 500 792 (292)
Insurance - motor vehicles 1,080 1,059 21
Communications 250 250
Hire of equipment 4,718 (4,718)
EXHIBIT B-3
16
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Street Department: (continued)
Minor apparatus $ 400 $ 640 $ (240)
Travel expense 94 (94)
Capital expenditures:
Motor vehicles and machinery 700 1,054 (354)
Other 63 (63)
77,533 78,094 (561)
Animal Control:
Labor 6,000 5,757 243
Longevity 36 72 (36)
Overtime 600 1,238 (638)
Employee benefits 736 753 (17)
Office supplies 150 150
Motor fuel supplies 150 150
Maintenance - motor vehicles 170 208 (38)
Maintenance - signal systems 100 72 28
Wearing apparel 300 190 110
Insurance 155 123 32
Animal care 250 480 (230)
Other 375 445 (70)
9,022 9,638 (616)
Inspection Department:
Supervision 8,825 8,963 (138)
Clerical 4,680 4,566 114
Labor operations 6,450 6,243 207
Extra help 480 413 67
Longevity 570 506 64
Employee benefits 2,345 2,386 (41)
Office supplies 600 936 (336)
Motor fuel supplies 600 600
Insurance 400 393 7
Maintenance - motor vehicles 275 261 14
Maintenance - signal systems 100 90 10
Communications 350 350
Advertising 120 67 53
EXHIBIT B-3
17
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Inspection Department:
(continued)
Travel expense and meetings $ 200 $ 304 $ (104)
Wearing apparel 171 (171)
Association dues and
subscriptions 50 48 2
Minor apparatus 20 41 (21)
Capital expenditures -fixtures 200 60 140
26,265 26,398 (133)
School Crossing Guard:
Labor 5,100 5,310 (210)
Benefits 550 345 205
5,650 5,655 (5)
Library:
Supervision 5,028 5,091 (63)
Clerical 12,492 11,151 1,341
Extra help 4,768 5,837 (1,069)
Longevity 744 708 36
Benefits 2,579 2,408 171
Office supplies 1,375 1,393 (18)
Insurance 300 291 9
Maintenance 350 324 26
Rebinding books 1,500 1,276 224
Communications 324 309 15
Travel expense and meetings 350 352 (2)
Association dues and
subscriptions 110 98 12
Other 248 312 (64)
Capital expenditures - books 8,000 7,840 160
Furniture and fixtures 1,129 1,111 18
39,297 38,501 796
Administrative expense
allocation 10,104 10,104 -
49,401 48,605 796
EXHIBIT B-3
18
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Recreation Department:
Supervision $ 1,860 $ 1,820 $ 40
Clerical 1,143 1,052 91
Labor 10,130 10,481 (351)
Longevity 18 9 9
Employee benefits 898 735 163
Office supplies 400 400
Motor fuel 150 150
Insurance 161 161
Minor apparatus 25 13 12
Maintenance - machinery
and implements 100 217 (117)
Communications 125 125
Educational and recreational 400 526 (126)
Travel 150 147 3
Association dues and
subscriptions 13 20 (7)
Electric 1,300 1,281 19
Hire of equipment 195 270 (75)
Contributions and awards 200 184 16
Special services 935 1,000 (65)
18,203 18,430 (227)
Park Department:
Supervision 660 630 30
Clerical 1,143 1,062 81
Labor and extra help 20,363 21,140 (777)
Employee benefits 2,460 2,240 220
Office supplies 125 125
Wearing apparel 650 609 41
Motor fuel supplies 1,300 1,233 67
Minor apparatus 600 511 89
EXHIBIT B-3
19
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Park Department: (continued)
Botanical supplies $ 1,300 $ 1,269 $ 31
Building maintenance 400 99 301
Maintenance - motor vehicles 200 187 13
Chemicals 87 (87)
Betterments 301 (301)
Maintenance - other vehicles 400 251 149
Maintenance - fixtures and
other 1,400 1,536 (136)
Communications 125 125
Hire of equipment 195 364 (169)
Advertising 20 17 3
Water 2,300 3,344 (1,044)
Insurance 1,900 1,204 696
Travel expense 100 112 (12)
Dues and subscriptions 30 25 5
Waste disposal 500 519 (19)
Capital expenditures —machinery 450 864 (414)
36,621 37,854 (1,233)
Swimming pool:
Supervision 660 630 30
Labor 9,243 9,788 (545)
Longevity 18 18
Employee benefits 602 621 (19)
Office supplies 250 100 150
Awards 50 18 32
Janitorial supplies 50 46 4
Chemicals 650 936 (286)
Equipment rental 195 195
Building maintenance 50 2,014 (1,964)
Equipment maintenance 425 515 (90)
Communications 150 150
Minor apparatus 20 1 19
Electric 150 150
Water 130 130
12,643
EXHIBIT B-3
15,312 (2,669)
20
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Appropriations
Actual
(over)
Expenditures under
Civic Center:
Supervision, labor and
extra help $ 13,302 $ 11,790 $ 1,512
Employee benefits 1,620 1,306 314
Minor apparatus 800 1,018 (218)
Janitorial and mechanical 1,000 1,145 (145)
Wearing apparel 368 (368)
Building maintenance 3,000 6,363 (3,363)
Houses - Sheppard Drive 800 456 344
Heating and cooling systems 800 612 188
Insurance 850 911 (61)
Electric 12,500 11,654 846
Water 1,200 1,473 (273)
Gas 800 974 (174)
Waste disposal 250 231 19
Betterments 1,300 (1,300)
Capital expenditures:
Payment on houses 1,524 1,504 20
Fixtures 1,554 3,474 (1,920)
Heating and cooling systems 156 (156)
40,000 44,735 (4,735)
Less department allocations:
Community Building 14,098 14,098
25,902 30,637 (4,735)
Community Building:
Supervision 660 760 (100)
Clerical 1,143 1,062 81
Labor 16,043 15,097 946
Employee benefits 871 1,344 (473)
Office supplies 200 200
Insurance 1,193 854 339
Educational and recreational 600 900 (300)
Dues and subscriptions 100 172 (72)
Maintenance 275 221 54
EXHIBIT B-3
21
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1972
(Continued)
Actual
(over)
Appropriations Expenditures under
Community Building:
(continued)
Equipment rental $ 195 $ 228 $ (33)
Civic Center expense
allocation 14,098 14,098
35,378 34,936 442
Wilshire Swimming Pool:
Labor - 1,440 (1,440)
Benefits 75 (75)
Office supplies 25 (25)
Chemicals 74 (74)
Total all departments $812,213
EXHIBIT B-3
1,614 (1,614)
$840,310 $(28,097)
22
CITY OF EULESS, TEXAS
DEBT SERVICE FUND
BALANCE SHEET
September 30, 1972
ASSETS
Cash and short-term investments (Exhibit A-5)
Taxes receivable
RESERVES
$147,951
14,623
$162,574
Reserve for uncollected taxes $ 14,623
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, 1972
Balance at beginning of year
Add excess of revenues over
expenditures (Exhibit C-2)
Balance at end of year
147,951
$162,574
$122,933
25,018
$147,951
EXHIBIT C-1
23
CITY OF EULESS, TEXAS
DEBT SERVICE FUND
STATEMENT OF REVENUES AND EXPENDITURES
Year ended September 30, 1972
Revenues:
General property taxes and penalty
and interest collected
Expenditures:
Interest on bonds
Matured bonds
Service charges
$189,342
$109,173
55,000
151 164,324
Excess of revenues over expenditures $ 25,018
EXHIBIT C-2
24
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
BALANCE SHEET
September 30, 1972
Street
Improvement Park and Service
and Drainage Recreation Center
ASSETS Total Fund Fund Fund
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
$242,411
25,498
$267,909
$125,666
25,498
$151,164
$76,745 $40,000
$76,745 $40,000
$ 25,498 $ 25,498
22,354 22,354
220,057 103,312 76,745 40,000
$267,909 $151,164 $76,745 $40,000
EXHIBIT D
25
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1972
Cash balance at beginning
of year
Receipts:
Paving assessments
Excrow deposits
Disbursements:
Capital outlay
Miscellaneous
Escrow payments
Cash balance at end
of year
Total
$436,335
55,335
1,379
56,714
243,970
65
6,603
250,638
$242,411
Street
Improvement
and Drainage
Fund
Park and
Recreation
Fund
Service
Center
Fund
$210,451 $185,884 $40,000
55,335
1,379
56,714
134,831
65
6,603
141,499
109,139
109,139
$125,666 $ 76,745 $40,000
EXHIBIT D-1
26
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
September 30, 1972
Amount appropriated:
From:
Bonds sold
Paving assessments
Other participation
Less expenditures:
Of prior fiscal
periods
Of this period
Unexpended balance
Total
$1,980,000
223,013
129,818
2,332,831
1,839,782
250,638
2,090,420
$ 242,411
Street
Improvement
and Drainage
Fund
$1,480,000
223,013
129,748
1,832,761
1,565,596
141,499
1,707,095
Park and
Recreation
Fund
Service
Center
Fund
$460,000 $40,000
70
460,070 40,000
274,186
109,139
383,325
$ 125,666 $ 76,745 $40,000
EXHIBIT D-2
27
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
BALANCE SHEET
September 30, 1972
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
$ 75,879
371
Less allowance for depreciation
Total utility plant in service
Contractual rights to sewer treatment facilities,
net of amortization of $70,637 (Note 2)
8,388
253,912
32,970
174,815
5,835,205
6,042,990
884,634
$ 697,433
75,508
772,941
40,316
262,300
95,910
432,218
460,994
78,352
5,350
1,375,440
5,158,356
1,324,566
$8,631,303
LIABILITIES, RESERVES, CONTRIBUTIONS AND
RETAINED EARNINGS
Current liabilities:
Payable from current assets:
Revenue bonds payable within one year
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)
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
$ 78,352
47,290
$ 100,000
35,000
135,000
125,642
260,642
4,810,000
1,648,501 6,458,501
6,719,143
40,316
262,300
95,910
398,526
807,506
706,128
$8,631,303
28
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
ANALYSIS OF CHANGES IN RETAINED EARNINGS
Year ended September 30, 1972
Retained earnings at beginning of year
Add:
Net income (Exhibit E-2)
Deduct:
Increase in reserve for revenue bond
retirement
Increase in reserve for contingency
Increase in reserve for revenue bond
debt service - next maturing
Total deductions
Retained earnings at end of year
See accompanying notes.
EXHIBIT E-1
$ 21,268
15,950
13,488
$511,150
245,684
756,834
50,706
$706,128
29
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
STATEMENT OF REVENUES AND EXPENSES - ACTUAL AND BUDGETED
Year ended September 30, 1972
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
Actual
(over)
Budget Actual under
$640,000 $735,426 $ (95,426)
210,000 225,170 (15,170)
9,500 14,810 (5,310)
12,600 24,305 (11,705)
872,100 999,711 (127,611)
265,129 256,523 8,606
606,971 743,188 (136,217)
7,500 80,907 (73,407)
614,471 824,095 (209,624)
175,000 174,685
39,000
214,000
400,471
315
39,047 (47)
213,732 268
610,363 (209,892)
229,650 230,722 (1,072)
170,357 115,429 54,928
18,528 18,528
418,535 364,679 53,856
$(18,064)$245,684 $(263,748)
See accompanying notes°
EXHIBIT E-2
30
CITY OF EULESS, TEXAS
NOTES TO WATER AND SEWER ENTERPRISE FUND FINANCIAL STATEMENTS
September 30, 1972
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,
1972, $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 accompanying financial statements. 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.
31
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL
Year ended September 30, 1972
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:
Machinery and tools
Motor vehicles
Signal system
Water
Electricity
Bank charges
EXHIBIT E-3
Budget Actual
$ 13,350
14,176
4,025
591
3,587
2,000
3,600
200
1,000
400
2,200
100
1,000
Actual
(over)
under
$ 9,549 $ 3,801
12,163 2,013
4,251 (226)
288 303
2,987 600
1,995 5
3,600
344 (144)
1,100 (100)
187 213
2,432 (232)
42 58
1,641 (641)
2,282 (2,282)
46,229 42,861 3,368
6,504 3,212 3,292
11,709 8,933 2,776
2,115 1,320 795
1,200 721 479
500 311 189
1,000 941 59
100 7 93
200
200
250
2,000
47,500
250
76 124
75 125
290 (40)
2,478 (478)
53,499 (5,999)
182 68
73,528 72,045 1,483
32
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL
Year ended September 30, 1972
(Continued)
Water distribution:
Supervision
Labor
Employee benefits
Overtime
Wearing apparel
Motor fuel
Minor apparatus
Chemicals
Maintenance:
Machinery
Motor vehicles
Water mains
Water meters
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
EXHIBIT E-3
Budget Actual
$ 6,504
33,783
4,944
2,500
950
2,400
1,000
250
Actual
(over)
under
$ 3,300 $ 3,204
29,424 4,359
3,931 1,013
1,807 693
875 75
1,873 527
1,045 (45)
115 135
1,600 738 862
1,000 1,327 (327)
4,000 2,724 1,276
5,000 2,570 2,430
1,424 2,383 (959)
600 34 566
100 100
100 100
379 710 (331)
400 343 57
66,934 53,299 13,635
6,504 3,300 3,204
26,809 31,613 (4,804)
3,000 3,056 (56)
4,125 3,986 139
800 1,044 (244)
1,200 1,065 135
600 1,595 (995)
7,000 3,815 3,185
33
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL
Year ended September 30, 1972
Sewer collection and treatment:
(continued)
Maintenance:
Sanitary sewers
Machinery
Motor vehicles
Signal systems
Hire of equipment
Special services
Treatment fees paid to other systems
Electric
Bank charges
Total operating expenses
EXHIBIT E-3
Budget
$ 1,400
3,800
600
250
100
2,000
14,450
5,400
400
78,438
$265,129
Actual
$ 1,401
7,048
218
253
1,800
22,320
5,466
338
88,318
$256,523
Actual
(over)
under
$ (1)
(3,248)
382
(3)
100
200
(7,870)
(66)
62
$
(9,880)
8,606
34
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
BALANCE SHEET
September 30, 1972
ASSETS
Cash in bank (Exhibit A-5)
LIABILITIES, RESERVES
AND FUND BALANCE
Payroll taxes payable
Reserve for general escrow deposits
Fund balance
EXHIBIT F
Total
$269,535
$ 18,706
245,960
4,869
Social
Security Escrow
Fund Fund
$ 23,575 $245,960
$ 18,706
4,869
$
245,960
$269,535 $ 23,575 $245,960
35
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1972
Balance at beginning of year
Receipts:
For social security, federal income
taxes withheld, employees insurance
premiums and employee United Fund
deductions
Escrow deposits
Transferred from Water and Sewer
Capital Projects Account
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
EXHIBIT F-1
Social
Security
Total Fund
$ 28,682 $ 22,231
215,106
714,114
3,467
932,687
215,106
215,106
213,762 213,762
478,072
Escrow
Fund
$ 6,451
714,114
3,467
717,581
478,072
691,834 213,762 478,072
$269,535 $ 23,575 $245,960
37
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, 1972
Improvements
other than
Total Buildings buildings
$3,209,387 $982,378 $2,021,130
244,034
41,962 1,504
244,034
Machinery
and
equipment
$205,879
40,458
$3,495,383 $983,882 $2,265,164 $246,337
EXHIBIT G-1
38
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, 1972
Total
$ 301,211
1,888,790
2117236
152,217
626,357
315,572
$3,495,383
Buildings
$251,911
154,525
92,241
235,361
249,844
$983,882
EXHIBIT G-2
Improvements
other than
buildings
$ 1,860,908
373,232
31,024
$2,265,164
Machinery
and
equipment
$ 49,300
27,882
56,711
59,976
17,764
34,704
$246,337
39
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL LONG-TERM DEBT
September 30, 1972
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
$ 147,951
2,387,049
$2,535,000
Serial bonds payable in future years (Table V) $2,535,000
EXHIBIT H
STATISTICAL DATA
40
Tax roll
dates
10-
10-
10-
10-
10-
10-
10-
10-
10-
10-
1-62
1-63
1-64
1-65
1-66
1-67
1-68
1-69
1-70
1-71
Fiscal
period
ending
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
9-30-72
CITY OF EULESS, TEXAS
TAX LEVIES AND TAX COLLECTIONS
Last ten fiscal years
Assessed
value
$13,609,560
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
Total
tax levy
$ 95,976
139,847
256,937
302,856
320,348
382,592
415,770
574,240
658,071
695,199
TABLE I
Collections
current years
taxes during
fiscal period
$ 94,462
134,920
241,197
300,609
304,185
369,344
402,888
543,005
621,586
676, 102
Per cent of
collection
of
current levy
99.15
96.47
93.87
99.25
94,95
96.53
96.90
94.56
94.45
97.25
Collection
on delinquent
rolls
fiscal period
$ 6,466
3,120
2,503
1,410
5,767
14,398
7,432
8,637
21,049
20,658
Total
collections
during
fiscal. period
$100,928
138,040
243,700
302,019
309,952
383,742
410,320
551,642
642,635
696,760
Per cent of
total
collection
to tax levy
105.94
98.70
94.85
99.72
96.71
100 .30
98,69
96.06
97.65
100.22
41
Tax roll
dates
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
10- 1-72
City
$ .70
.70
1.00
1.00
.77
.85
.85
.85
.85
.85
.85
Tax roll Fiscal
dates period
10- 1-62 9-30-63
10- 1-63 9-30-64
10- 1-64 9-30-65
10- 1-65 9-30-66
10- 1-66 9-30-67
10- 1-67 9-30-68
10- 1-68 9-30-69
10- 1-69 9-30-70
10- 1-70 9-30-71
10- 1-71 9-30-72
CITY OF EULESS, TEXAS
TAX RATES AND TAX LEVIES
Prior fiscal years
TAX RATES
School
$1.36
1.36
1.36
1.36
1.45
1.45
1.45
1.69
1.69
1.69
1.69
County
$ .82
.82
.82
.82
.82
.82
.82
.82
.88
.88
.88
TAX LEVIES
(Estimated)
City
$ 95,267
139,847
256,937
302,856
320,348
382,592
415,784
574,240
658,071
695,199
School
$ 185,090
271,825
349,434
411,884
603,248
652,625
775,056
1,000,000
1,100,000
1,200,000
State
$ .42
.42
.42
.42
.42
.42
.42
.42
.42
.37
.32
County
and
state
$101,255
148,704
318,601
375,541
515,881
558,125
615,426
668,500
714,000
725,000
Total
$3.30
3.30
3.60
3 .60
3.46
3.54
3.54
3 .78
3.84
3.79
3.74
Total
$ 381,612
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
TABLE II
42
CITY OF EULESS, TEXAS
REVENUES - OTHER THAN PROPERTY TAXES
Last ten fiscal years
Taxes
(other
than Licenses County
Fiscal property and fire
period taxes) permits Fines program Library Other
9-30-63 $ 18,629 $ 20,275 $12,709 $ 1,500 $ - $ 1,711
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
TABLE I I I
43
Fiscal
period
ended
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
9-30-72
CITY OF EULESS, TEXAS
EXPENDITURES FOR SELECTED FUNCTIONS
Last ten fiscal years
General Law
government enforcement
$ 45,797
68,231
81,923
73,664
87,735
40 , 699*
29,826
53,849
60,934
59,678
$ 65,494
76,123
97,958
105,859
129,954
155,890
189,578
240,017
296,293
341,727
Fire
department
$ 3,278
3,427
23,218
30,337
29,850
33,878
43,450
58,651
105,713
131,732
Public Parks and
works recreation Library
$ 15,396
31,790
42,659
67,436
54,691
83,077
89,367
99,427
107,488
119,785
* 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.
$ $
11,272
19,610
44,378
61,081
79,141
113,482
119,906
135,421
138,783
14,092
18,808
21,382
33,285
35,032
40,504
42,435
48,605
TABLE IV
44
Fiscal
CITY OF EULESS, TEXAS
GENERAL OBLIGATION BONDS OTHER THAN WATER
AND SEWER REVENUE DEBT SERVICE CHARGES
Bonds Requirements
outstanding Principal Interest
Total
1973 $2,535,000 $ 55,000 $ 106,985 $ 161,985
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
$2,535,000
TABLE V
$1,913,744 $4,448,744
45
Fiscal
CITY OF EULESS, TEXAS
REVENUE WATER AND SEWER BONDS
DEBT SERVICE CHARGES
Bonds Requirements
outstanding Principal Interest
Total
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 5,625 130,625
$4,910,000
TABLE VI
$3,9901073 $8,900,073
46
CITY OF EULESS, TEXAS
INSURANCE IN FORCE
September 30, 1972
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
Comprehensive 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
Amount of
Expires Insurers insurance
12- 1-73
12- 1-73
12- 1-73
12- 1-73
9- 3-73
12- 1-73
9- 3-73
9- 3-73
12- 1-73
12- 1-73
9-28-73
9-14-73
9- 3-73
9- 3-73
9-14-73
2- 7-73
3 $ 40,000
3 439,170
3 180,000
3 30,000
3 466,400
3 30,000
3 72,000
3 466,400
3 439,170
3 40,000
2
Scheduled
2 100/300,000
2 100/300,000
2 100/300,000
2
1
ACV
7,500
2,500
8-25-73 1 1,000
TABLE VII
47
CITY OF EULESS, TEXAS
INSURANCE IN FORCE
September 30, 1972
(Continued)
Amount of
Expires Insurers insurance
Fire and extended coverage for
houses on Sheppard Drive:
House on 110 N. Sheppard Drive 11-25-72 4 $ 10,000
House on 114 N. Sheppard Drive 4-10-74 1 10,000
House on 134 N. Sheppard Drive 4-20-73 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
48
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
Date of incorporation
Date of adoption of Charter
Form of government:
Home rule (Council - Manager)
Mayor - elected at large
Five councilmen
Area
Building permits:
Permits issued -
year ended September 30, 1972
Estimated cost
Education:
Number of school campuses
Number of teachers
Number of students
Average daily attendance:
Elementary school
Secondary school
Library volumes
Street lights
September 23, 1950
July 21, 1962
15.8 square miles
230 permits
$ 7,132,528
9
293
6,384
2,909.76 estimated
3,169.75 estimated
25,823
166 - 189 watt incandescent
114 - 295 watt incandescent
71 - 450 watt mercury vapor
59 - 175 watt mercury vapor
3 - 1,060 watt mercury vapor
Parks:
Number 5
Total acres 52.14
(plus joint City -School use by contract on school campuses.)
TABLE VIII
49
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
Fire
Animal control
School crossing
Public works:
Building and zoning
Streets and drainage
Civic Center maintenance
Utility administration,
accounting and collecting
Water production
Water distribution
Sanitary sewers
Parks and recreation:
Recreation
Parks
Swimming pools
Community building
Total
* Part time, seasonal and temporary
1969-70 1970-71
Full
time
Part Full Part
time time time
2 1 3 1
1 1
4 2 4 2
24 27
5 12
1 1 2
7
3
7
3
3
7
3
7
4 3 1
2 3
4 1 5
2 3
19
3 3 3
10
1 4 1
1971-72
Full
time
*
Part
time
3 1
1
4 2
27 1
12 1
1 1
7
3
7
3
3 2
3
6
6
1 20 1 21
3 3 3
10 10
4 1 4
66 48 81 48
TABLE VIII
84 53
50
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
(Continued)
Population:
1950 census
1960 census
1970 census
Streets (no alleys):
Improved
State highways
Municipal water plant:
Number of consumers (9-30-72)
Maximum daily consumption
Average daily consumption
Plant capacity
Miles of water mains
Number of fire hydrants
Miles of sewer mains
300
4,236
19,316
74.39 miles ` r
14.20 miles (
7,520
6.16 million gallons
2;8 2 million gallons
7.6 million gallons
75.7
374
67.5
TABLE VIII
per
per
per
day
day
day
51
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) $824,095
Average annual requirements:
Water and Sewer Revenue Bonds
Commitments to Trinity River Authority
(net of City of Bedford's participation)
Coverage
$269,699
133,889
$403,588
2.04 times
See Exhibits E for Water and Sewer Enterprise Fund financial statements
and notes.
TABLE VIII
36
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL FIXED ASSETS
September 30, 1972
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
$ 983,882
2,265,164
246,337
$3,495,383
$2,461,214
1,034,169
$3,495,383