HomeMy WebLinkAboutFY 1968 Financial Statements and Supplementary Information - AuditCITY OF E ULESS, TEXAS
FINANCIAL STATEMENTS
AND SUPPLEMENTARY INFORMATION
YEAR ENDED SEPTEMBER 30, 1968
with
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
ARTHUR YOUNG & COMPANY
Exhibit A
Exhibit A-1
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
Exhibit E
Exhibit E-1
Exhibit E-2
Exhibit E-3
Letter of
Report of
Financial
CONTENTS
transmittal
certified public accountants
statements
Combined balance sheet - all funds
Combined statement of cash receipts
and disbursements - all funde
General Fund
Balance sheet
Analysis of changes in fund balance
Statement of revenue receipts
estimated and actual
Statement of expenditures compared
with appropriations
Bond Funds
Balance sheet
Statement of cash receipts and
disbursements
Statement of expenditures compared
with appropriations
Interest and Redemption Fund
Balance sheet
Analysis of changes in reserve for
retirement of general bonded debt
Statement of revenues and expenditures
Water and Sewer Fund
Balance sheet
Analysis of changes in
earnings (deficit)
Statement of income
Statement of operating
retained
expenses
Page
1
2- 5
6
7
8
9-10
11-20
21
22
23
24
24
25
26-27
28
29
30-31
Exhibit F
Exhibit F-1
Exhibit G
Exhibit G-1
Exhibit G-2
Exhibit H
Table 1
Table 2
Table 3
Table 4
Table I
Table II
Table III
Table IV
Table V
Table VI
Table VII
Table VIII
CONTENTS
Financial statements (continued)
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 sources
Statement of general fixed assets
classified by departments
General Bonded Debt and Interest
Statement of general bonded debt
and interest
Supplementary information
Combined statements for unrelated funds:
Statement of changes in taxes
receivable
Statement of taxes receivable
by funds
Statement of investments
Statement of utility and general
bonds payable
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
32
33
34
35
36
37
38
38
39
40-41
42-43
44
45
46
47
48
49
50-52
REPORT
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
Certified tijat
THE ANNUAL FINANCIAL REPORT OF
_ The City of adess, Texas
Tor the Vtscal year ended Septenther 3o,1964-
CONFORMS TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
*iunicipat finance efficero am:ioeiation
AND THE
.rational Committee on obernmental accounting
"SCE OFF%C�c',�
loll
1 / UNITED STATES':Tpl
rjr AND'fr,oi
n
i % CANADA CORPORATE r� f
'YVW
Presented January 13, 1965. //Chairman�m , tttee on Accounting
Executive Director
A Certificate of Conformance is awarded by the Municipal Finance Officers Association
of the United States and Canada only to the governmental unit whose financial report is
judged to substantially conform to the high standards of financial reporting established
by the Association. These standards are contained in publications of the National Com-
mittee on Governmental Accounting.
City of
EULESS, TEXAS
BUTLER 3.5381
201 ECTOR DRIVE 76039
October 257 1968
Honorable W. G. Fuller, 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, 1968 is submitted herewith,
Accounting System and Reports
The City's accounting records for general governmental
operations are maintained on a modified cash basis, wherein revenues
are reported primarily when collected and expenditures when incurred.
Accounting records for the City's utility are maintained on a, full
accrual basis. In accordance with prescribed standards, depreciation
of general fixed assets is not recognized in the City's accounting
system; however, depreciation on the depreciable property of the
utility is recognized in the accounts and is computed on the expected
useful life of the assets.
All operating funds of the City function under an annual
budget which shows estimated revenues and authorized expenditures by
funds.
The Municipal Finance Officers Association of the United
States and Canada awarded the City of Euless its Certificate of
Conformance for the City's 1964 annual financial report. This cer-
tificate is awarded only to those governmental units whose financial
reports substantially conform with the high standards of financial
reporting promulgated by the National Committee on Governmental
Accounting. The 1968 annual financial report submitted herewith
continues to meet these standards.
General Comments
Information as to the City's tax assessments and collec-
tions, investments, bonded indebtedness, insurance in force, water
and sewer revenue bond coverage and other miscellaneous data is
contained in tables under "Supplementary Information" and "Statis-
tical Data" in the annual financial report. The significant net
changes during the year in the balances in the principal operating
funds of the City may be summarized as follows:
General Fund:
Cash and investments
Fund balance
Water and Sewer Fund:
Cash
Retained earnings and
contributions by
subdividers
1967 1968
$ 2,388 $ 40‘837
$ 2,388 $ 28,344
$ 80,482 $190,809
Increase
(decrease)
$ 38,449
$ 25,956
$110, 327
$176,523 $390228 $213,705
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, $26,000 has been transferred to the bond
paying agent for reserve purposes and $12,000 has been transferred to
a restricted bank account reserved for emergencies.
Voters of the City have authorized the sale of that portion
of the water and sewer system located within the limits of the City
of Bedford, Texas to that City and negotiations are currently in
process for the sale. The portion to be sold represents approximately
30% of the present system.
Independent Audit
The books of account, financial records and transactions of
all administrative departments of the City are subject to audit
annually by certified public accountants selected by the City Council.
The report of Arthur Young & Company, Certified Public Accountants,
is included in this report.
Respectfully submitted,
Mrs. Vada Ferris
City Secretary
ARTHUR YOUNG & COMPANY
1000 CONTINENTAL NATIONAL BANK BUILDING
FORT WORTH,TEXAS
Honorable W. G. Fuller, Mayor
and City Council
City of Euless
Euless, Texas
We have examined the balance sheets of the various
funds of the City of Euless, Texas, as indexed herein, as of
September 30, 1968 and the related statements of revenue, expen-
ditures and changes in fund balances and retained earnings for
the fiscal year then ended. Our examination was made in accor-
dance with generally accepted auditing standards, and accordingly
included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circum-
stances.
In our opinion, the accompanying balance sheets and
statements of revenue, expenditures and changes in fund balances
and retained earnings present fairly the financial position of
the various funds of the City of Euless, Texas at September 30,
1968 and the results of their operations for the fiscal year then
ended, in conformity with generally accepted accounting principles
applicable to governmental entities applied on a basis consistent
with that of the preceding year. It is our further opinion that
the accounting requirements of the bond ordinances under which the
City's general obligation and water and sewer revenue bonds were
issued have been met.
The accompanying supplementary information has been
subjected to the tests and other auditing procedures applied in
the examination of the financial statements mentioned above and,
in our opinion, is fairly stated in all respects material in
relation to the financial statements taken as a whole.
October 25, 1968
2
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1968
EXHIBIT A
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1968
ASSETS
Cash (Exhibit A-1)
Cash with fiscal agents
Temporary investments, including $54,533
with fiscal agents (Table 3)
Accounts receivable, net
Taxes receivable, net (Table 1)
Assessments receivable
Due from other funds
Amount available and to be provided for
retirement of general bonds and interest
Land
Buildings
Improvements other than buildings
Equipment
* Net of accumulated depreciation.
Total
all funds
$ 112,047
57,095
624,335
85,936
27,588
51,233
12,493
4,510,660
20,970
967,719
7,212,233
227,973
General
Fund
$20,837
20,000
20, 139
113,910,282 160,976
Bond
Funds
Interest
and
Redemption
Fund
$ 4,376
300,000 18,000
51,233
12,493
$363, 726
7,449
Water
and Sewer
Fund
$ 45,860
57, 095
236,335
51,160
20,970
5,926,913*
79,821*
Trust
and
Agency
Funds
General
Fixed
Assets
$ 40,974 $ -
50,000
34, 776
$29,825 $6,418,154 1125,750
967,719
1,285,320
148,152
3
General
Bonded
Debt and
Interest
4,510,660
$2„401,191 $4,510,660
EXHIBIT A
4
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET ALL FUNDS
September 30, 1968
(Continued)
EXHIBIT A
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1968
(Continued)
LIABILITIES
Due to other funds
Payroll taxes payable
Customers' and developers' deposits
General bond interest payable in future years
Bonds payable (Table 4)
Total liabilities
RESERVES, FUND BALANCES
AND RETAINED EARNINGS
Appropriations, unencumbered balance
Reserves:
For uncollected taxes and assessments
For emergencies of water and sewer system
For retirement of general bonded debt
For retirement of water and sewer
bonded debt
For easements, title defects, etc.
Total reserves
Fund balances:
Investment in general fixed assets
Contributions to utility by subdividers
Retained earnings (deficit)
Fund balances
Total fund balances
Total
all funds
General
Fund
$ 12,493 $12,493
18,696
175,080
2,360,660
7,950,000
10,516,929 12,493
312,493
78,821
36,853
22,376
111,628
10,000
259,678
2,401,191
488,305
(98,077)
29,763
20,139
20,139
28,344
2,821,182 28,344
$13,910,282 $60,976
Interest Trust General
and Water and General Bonded
Bond Redemption and Sewer Agency Fixed Debt and
Funds Fund Fund Funds Assets Interest
312,493
51,233
5
18,696
69,445 105,635
2,360,660
5,800,000 2,150,000
- 5,869,445 124,331 - 4,510,660
7,449
22,376
36, 853
111,628
10,000
51,233 29,825 158,481
- 2,401,191
488,305
(98,077)
1,419
390,228 1,419 2,401,191 -
$363,726 $29,825 $6,418,154 $125,750 $2,401,191 $4,510,660
EXHIBIT A
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1968
General Fund
Bond Funds
Interest and
Redemption Fund
Water and Sewer Fund
Trust and Agency Funds
Balance
10-1-67
$ 2,388
32, 060
11,696
81,448
44,250
$171,842
Receipts
$ 451,926
88,637
106,027
649,287
447,324
$1,743,201
- ALL FUNDS
Disbursements
$ 433,477
120,697
113,347
684,875
450,600
11 802,996
6
Balance
9-30-68
$ 20,837
4,376
45,860
40,974
1112,047
EXHIBIT A-1
7
CITY OF EULESS, TEXAS
GENERAL FUND
BALANCE SHEET
September 30, 1968
ASSETS
Cash in banks:
Regular checking account $20,392
Payroll account 300
Certificates of deposit 20,000 $40,692
Petty cash and change funds
Taxes receivable
LIABILITIES, RESERVES AND FUND BALANCE
Due to Bond Funds
Reserve for uncollected taxes
Fund balance (Exhibit B-1)
145
_20,139
$60.976
$12,493
20, 139
28,344
$60.976
EXHIBIT B
8
CITY OF EULESS, TEXAS
GENERAL FUND
ANALYSIS OF CHANGES IN FUND BALANCE
Year ended September 30, 1968
Fund balance, October 1, 1967 $ 2,388
Add:
Excess of revenues over expenditures:
Revenues (Exhibit B-2)
Expenditures (Exhibit B-3)
$451,926
425,970 25,956
Fund balance, September 30, 1968 $28,344
EXHIBIT B-1
9
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUE RECEIPTS - ESTIMATED AND ACTUAL
Year ended September 30, 1968
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
Texas Electric Service Company
Tri-City Cab Company
Tarrant County Trash
Disposal
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
revenue
$2 56 , 410
1,000
750
258,160
Actual
revenue
$264,281
11,272
3,480
279,033
Excess or
(deficiency)
of actual
compared with
estimated
$ 7,871
10,272
2,730
20,873
7,600 8,162 562
21,000 23,324 2,324
10,440 11,768 1,328
640 700 60
15 (15)
1,200 548 (652)
40,895 44,502 3,607
4,000 9,083 5,083
3,500 6,984 3,484
3,800 6,026 2,226
900 1,709 809
300 763 463
600 626 26
950 2,642 1,692
14,050 27,833 13,783
40,000 49,853 9,853
300 490 190
40,300 50,343 10,043
EXHIBIT B-2
10
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUE RECEIPTS - ESTIMATED AND ACTUAL
Year ended September 30, 1968
(Continued)
Other revenue:
Library receipts
Tarrant County library
contributions
Recreation Department income
Tarrant County fire
assistance
Interest income
Rental income
Miscellaneous income
Reimbursements from water
system funds - assessment
in lieu of taxes
State Library Grant
GENERAL FUND REVENUES
Estimated
revenue
$ 500
2,000
10,300
1,500
5,000
1,800
485
14,972
4,000
40,557
$393 , 962
Actual
revenue
$ 1,206
2,000
9,751
1,600
7,088
2,495
7,103
14,972
4,000
50,215
$451,926
Excess or
(deficiency)
of actual
compared with
estimated
$ 706
(549)
100
2,088
695
6,618
9,658
$57,964
EXHIBIT B-2
11
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
General Government:
Supervision
Clerical
Extra help
Longevity
Employee benefits
Office supplies
Motor fuel
Maintenance - furniture
and furnishings
Maintenance - machinery
and equipment
Communications
Car allowances
Special services
Advertising
Travel expense and meetings
Association dues
Motor vehicles maintenance
Signal systems maintenance
Property and liability
insurance
Election expense
Audit fees
Engineer fees
Planner fees
Tax office fees
Law Enforcement:
Police Department:
Supervision
Clerical
Labor
Employee benefits
Longevity
Overtime
Actual
(over)
Appropriations Expenditures under
$ 10,350
3,900
1,000
130
1, 028
1,800
200
200
750
2,000
400
200
2,000
3,800
1,600
150
100
285
170
1,000
3,600
2,400
10,800
47,863
9,170
16,776
72,875
8,069
1,440
3,570
$ 8,900
3,974
72
850
2,189
210
55
547
1, 139
326
57
1,583
5,306
980
48
333
401
975
1,858
1,551
9,345
40,699
9,170
16,763
71,701
7,039
1,222
3,483
$ 1,450
(74)
1, 000
58
178
(389)
(10)
145
203
861
74
143
417
(1,506)
620
102
100
(48)
(231)
25
1,742
849
1,455
7,164
13
1, 174
1, 030
218
87
EXHIBIT B-3
12
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Law Enforcement: (continued)
Police Department: (continued)
Civic Center expense
allocation $ 4,020 $ 4,020 $ -
Office supplies 800 749 51
Wearing apparel 1,627 1,626 1
Motor fuel supplies 5,000 4,907 93
Education supplies 150 139 11
Maintenance - furniture
and fixtures 125 90 35
Other supplies 140 84 56
Maintenance - motor vehicles 2,450 2,807 (357)
Maintenance - signal system 750 698 52
Communications 1,547 1,444 103
Special services 330 330
Travel expense and meetings 2,100 2,081 19
Association dues and
subscriptions 935 903 32
Support of persons 300 329 (29)
Insurance - vehicles 700 704 (4)
Advertising 50 16 34
Minor apparatus 100 124 (24)
Awards 25 19 6
Capital outlay:
Instruments and apparatus 410 380 30
Motor vehicles 9,472 9,463 9
Furniture and fixtures 200 129 71
Signal systems 2,244 1,333 911
145,375 141,753 3,622
Legal and Corporation Court:
Judge's salary 2,000 2,272 (272)
Clerical 3,780 3,780
Office supplies 1,200 569 631
City attorney's fees 6,000 6,023 (23)
EXHIBIT B-3
13
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Law Enforcement: (continued)
Legal and Corporation Court:
(continued)
Refunds $ 600 $ 963 $ (363)
Other 80 91 (11)
Salary -related expenses 1,010 439 571
14,670 14,137 533
Total Law Enforcement 160,045 155,890 4,155
Fire Department:
Supervision salaries 21,040 21,492 (452)
Labor - extra help 508 113 395
Employee benefits 1,818 1,700 118
Longevity 158 162 (4)
Office supplies 50 15 35
Wearing apparel 364 364
Motor fuel supplies 1,095 1,079 16
Minor apparatus 1,992 1,935 57
Janitorial supplies 525 512 13
Chemicals 50 41 9
Educational supplies 705 705
Maintenance - building 386 383 3
Maintenance - instruments
and apparatus 200 48 152
Maintenance - motor vehicles 1,392 383 1,009
Maintenance - signal system 400 366 34
Insurance 914 604 310
Communications 300 434 (134)
Travel expense and meetings 400 323 77
Association dues and
subscriptions 75 34 41
Electric 550 590 (40)
Water 120 129 (9)
Gas 250 203 47
EXHIBIT B-3
14
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Fire Department: (continued)
Utilities - fire station #2 $ 1,375 $ 1,210 $ 165
Capital outlay:
Furniture and fixtures 233 233
Signal systems 820 (820)
34,900 33,878 1,022
Street Department:
Supervision 7,560 7,650 (90)
Labor 20,800 18,973 1,827
Clerical 3,600 2,887 713
Extra help and overtime 1,500 927 573
Employee benefits 2,700 2,194 506
Wearing apparel 800 697 103
Motor fuel supplies 1,500 1,493 7
Office supplies 300 149 151
Chemical supplies 1,600 261 1,339
Mechanical supplies 250 45 205
Street lights - electricity 5,000 4,004 996
Maintenance - streets 7,000 11,779 (4,779)
Maintenance - machinery
and other 850 840 10
Maintenance - motor vehicles 800 451 349
Insurance - motor vehicles 732 (732)
Communications 392 295 97
Minor apparatus 150 199 (49)
Travel expense 100 125 (25)
Capital outlay:
Furniture 150 201 (51)
Motor vehicles 1,500 1,595 (95)
56,552 55,497 1,055
EXHIBIT B-3
15
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Animal Control:
Labor $ 4,560 $ 4,560 $ -
Extra help 500 187 313
Longevity 216 216
Overtime 100 80 20
Employee benefits 422 381 41
Office supplies 35 35
Motor fuel supplies 140 100 40
Maintenance - motor vehicles 100 26 74
Maintenance - signal systems 90 90
Wearing apparel 52 52
Insurance 128 123 5
Animal care 200 165 35
6,543 5,838 705
Inspection Department:
Supervision 6,480 6,620 (140)
Clerical 3,600 3,494 106
Extra help 700 222 478
Longevity 222 222
Employee benefits 857 842 15
Office supplies 480 351 129
Motor fuel supplies 400 337 63
Insurance 156 (156)
Maintenance - motor vehicles 150 29 121
Maintenance - signal systems 90 40 50
Communications 430 346 84
Advertising 300 358 (58)
Travel expense and meetings 175 185 (10)
Association dues and
subscriptions 25 5 20
Capital outlay:
Motor vehicles 1,750 1,489 261
Signal systems 700 589 111
16,359 15,285 1,074
EXHIBIT B-3
16
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
School Crossing Guard:
Labor $ 6,755 $ 6,019 $ 736
Benefits 560 438 122
Wearing apparel 55 55
7,370 6,457 913
Library:
Supervision 4,320 4,185 135
Clerical 6,600 6,208 392
Extra help 2,000 1,916 84
Longevity 185 179 6
Benefits 1,086 873 213
Office supplies 870 940 (70)
Insurance 455 294 161
Drayage 500 368 132
Rebinding books 1,000 432 568
Communications 392 255 137
Hire of equipment 90 90
Travel expense and meetings 300 435 (135)
Association dues and
subscriptions 60 67 (7)
Electric 60 105 (45)
Water 15 15
Gas 35 9 26
Civic Center expense
allocation 8,028 8,028
Rents 225 225
Capital outlay:
Books - City funds 2,000 1,999 1
Books - Federal Grant 1,433 1,432 1
Books - County funds 2,000 1,721 279
Books - Grant - Title I 4,000 3,449 551
Furniture and fixtures 75 (75)
35,654 33,285 2,369
EXHIBIT B-3
17
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Recreation Department:
Supervision $ 1,870 $ 1,800 $ 70
Clerical 350 350
Labor 8,076 7,674 402
Employee benefits 454 269 185
Office supplies 500 424 76
Wearing apparel 60 51 9
Motor fuel 15 (15)
Insurance 145 197 (52)
Minor apparatus 85 12 73
Maintenance - machinery
and implements 110 100 10
Communications 75 44 31
Educational and recreational 400 173 227
Travel 200 191 9
Civic Center expense
allocation 800 800
Association dues and
subscriptions 50 24 26
Electric 2,400 400 2,000
Water 42 (42)
Hire of equipment 600 500 100
Contributions and awards 200 365 (165)
Special services 34 (34)
16,375 13,465 2,910
Park Department:
Supervision 1,070 1,065 5
Clerical 350 338 12
Labor - maintenance 18,660 18,030 630
Employee benefits 1,409 1,192 217
Office supplies 75 49 26
Wearing apparel 375 302 73
Motor fuel supplies 900 894 6
EXHIBIT B-3
18
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Park Department: (continued)
Minor apparatus $ 100 $ 656 $ (556)
Botanical supplies 1,500 1,295 205
Other supplies 10 48 (38)
Land maintenance 50 198 (148)
Building maintenance 50 134 (84)
Maintenance - motor vehicles 200 344 (144)
Maintenance - other vehicles 200 312 (112)
Maintenance - other 10 3 7
Communications 25 15 10
Hire of equipment 250 275 (25)
Furniture and fixtures 350 585 (235)
Machinery 400 519 (119)
Water 1,200 1,002 198
Signal systems 90 36 54
Insurance 1,130 1,006 124
Travel expense 100 24 76
Dues and subscriptions 20 22 (2)
Waste disposal 258 (258)
28,524 28,602 (78)
Swimming pool:
Supervision 435 435 -
Clerical 350 152 198
Labor 6,225 6,196 29
Employee benefits 309 50 259
Office supplies 225 32 193
Wearing apparel 25 25
Janitorial supplies 50 70 (20)
Chemicals 600 489 111
Other supplies 10 10
Building maintenance 100 35 65
Filtration plant upkeep 200 468 (268)
Maintenance - furniture
and fixtures 25 25
EXHIBIT B-3
19
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Swimming pool: (continued)
Maintenance - other $ 10 $ - $ 10
Communications 75 25 50
Minor apparatus 25 76 (51)
Electric 200 217 (17)
Water 300 130 170
Travel 75 12 63
9,239 8,387 852
Civic Center:
Labor 10,650 9,577 1,073
Extra help 400 400
Longevity 72 72
Overtime 447 (447)
Employee benefits 991 818 173
Minor apparatus 283 (283)
Janitorial 2,400 1,105 1,295
Chemicals 700 700
Building maintenance 1,300 1,757 (457)
Houses - Sheppard Drive 600 55 545
Heating and cooling systems 719 (719)
Insurance 2,200 764 1,436
Special services 450 450
Electric 6,923 9,713 (2,790)
Water 690 842 (152)
Gas 1,100 1,074 26
Waste disposal 200 (200)
Capital outlay:
Payment - houses -
Sheppard Drive 1,524 1,524
30,000 29,328 672
Less department allocations 24,446 24,446
5,554 4,882 672
EXHIBIT B-3
20
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
Year ended September 30, 1968
(Continued)
Actual
(over)
Appropriations Expenditures under
Community Building:
Supervision $ 975 $ 975 $ -
Labor 9,380 9,530 (150)
Employee benefits 381 227 154
Office supplies 275 80 195
Wearing apparel 40 28 12
Minor apparatus 20 70 (50)
Educational and recreational 800 825 (25)
Other 220 122 98
Communications 200 205 (5)
Travel expense 200 125 75
Civic Center expense
allocation 11,598 11,598
Dues and subscriptions 30 20 10
24,119 23,805 314
Total all departments $449,097 $425,970 $23,127
EXHIBIT B-3
ASSETS
Certificates of deposit
Due from General Fund
Assessments receivable
RESERVES AND
APPROPRIATIONS
Reserve for uncollected
assessments
Appropriations:
Unencumbered balance
CITY OF EULESS, TEXAS
BOND FUNDS
BALANCE SHEET
September 30, 1968
Total
$300,000
12,493
51,233
$363,726
Improvement
and
Drainage
Fund
$200, 000
12,493
51,233
$263,726
$ 51,233 $ 51,233
312,493
$363,726
212,493
$263,726
21
Park and
Recreation
Fund
$100,000
$100,000
$
100,000
$100,000
EXHIBIT C
22
CITY OF EULESS, TEXAS
BOND FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1968
Cash balance at
beginning of year
Receipts:
Proceeds from sale
of bonds
Paving assessments
Other participation
Disbursements:
Capital outlay
Transfers to other
funds
Cash balance at
end of year
Street
Improvement
and Public Park and
Drainage Buildings Recreation
Total Fund Fund Fund
$ 32,060 $ 10,564 $19,312 $ 2,184
300,000 200,000 100,000
13,937 13,937
74,700 1,700 73,000
420,697 226,201 92,312 102,184
108,204 13,708 92,312 2,184
12,493 12,493
120,697 26,201 92,312 2,184
$300,000 $200,000 $ - $100,000
EXHIBIT C-1
23
CITY OF EULESS, TEXAS
BOND FUNDS
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
September 30, 1968
Total
Street
Improvement
and Public Park and
Drainage Buildings Recreation
Fund Fund Fund
Amount appropriated:
From:
Bonds sold $2,230,000 $1,130,000 $750,000 $350,000
Paving
assessments 82,297 82,297
Sale of
right-of-way 40,482 40,482
Interest earned 15,000 15,000
Other
participation 193,852 50,782 143,000 70
2,561,631 1,263,079 948,482 350,070
Less expenditures:
Of prior fiscal
periods 2,140,934 1,036,878 856,170 247,886
Of this period 108,204 13,708 92,312 2,184
2,249,138 1,050,586 948,482 250,070
Unexpended balance $ 312,493 $ 212,493 $ - 1100,000
EXHIBIT C-2
24
CITY OF EULESS, TEXAS
INTEREST AND REDEMPTION FUND
BALANCE SHEET
September 30, 1968
Cash in bank
Certificates of deposit
Taxes receivable
ASSETS
RESERVES
Reserve for uncollected taxes
Reserve for retirement of general
bonded debt (Exhibit D-1)
EXHIBIT D
ANALYSIS OF CHANGES IN RESERVE
FOR RETIREMENT OF GENERAL BONDED DEBT
Year ended September 30, 1968
Balance at beginning of year
Add excess of revenues over
expenditures (Exhibit D-2)
Balance at end of year
$ 4,376
18,000
7,449
$29,825
$ 7,449
22,376
$29,825
$11,696
10,680
$22,376
EXHIBIT D-1
25
CITY OF EULESS, TEXAS
INTEREST AND REDEMPTION FUND
STATEMENT OF REVENUES AND EXPENDITURES
Year ended September 30, 1968
Revenues:
General property taxes and penalty
and interest collected
Expenditures:
Interest on bonds
Matured bonds
$106,027
$75,347
20,000 95,347
Excess of revenues over expenditures $ 10,680
EXHIBIT D-2
26
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
BALANCE SHEET
September 30, 1968
EXHIBIT E
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
BALANCE SHEET
September 30, 1968
ASSETS
Current assets:
Cash in banks
Certificates of deposit
Change fund
Customers' accounts receivable
Less provision for bad debts
$ 43,709
147,000
100 $ 190,809
51, 531
371 51,160
Total current assets 241,969
Emergency Fund:
Cash 692
Investments 36,161
Revenue Bonds Interest and Redemption Fund:
Cash with paying agent for interest
and redemption requirements
Cash and investments with paying agent
for reserve requirements
45,625
36,853
66,003 111,628
Utility plant in service:
Land 20,970
Equipment 94,661
Water and sewer system 6,301,970
Less allowance for depreciation
6,417,601
389,897 6,027,704
$6,418,154
27
LIABILITIES, RESERVES, CONTRIBUTIONS
AND RETAINED EARNINGS (DEFICIT)
Customers' meter deposits $ 69,445
Revenue bonds payable 5,800,000
Reserve for emergencies:
Relocation of water lines - Spur 350 $25,000
General 11,853
Reserve for retirement of revenue bonds:
For payment of matured coupons
and principal
For reserve requirements
Reserve for easements, title defects, etc.
Contributions from subdividers
Retained earnings (deficit) (Exhibit E-1)
Note: Voters of the City have authorized the
sale of that portion of the water and
sewer system located within the limits
of the City of Bedford, Texas, to that
City. The portion to be sold represents
approximately 30% of the present system.
45,625
66,003
36,853
111,628
10,000
488,305
(98,077)
$6,418,154
EXHIBIT E
28
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
ANALYSIS OF CHANGES IN RETAINED EARNINGS (DEFICIT)
Year ended September 30, 1968
Retained earnings (deficit)
at beginning of year $(103,102)
Add:
Net income (Exhibit E-2) 43,025
Deduct:
Appropriations to Reserve Fund
Appropriations to Emergency Fund
$26,000
12,000
(60,077)
38,000
Retained earnings (deficit)
at end of year $ (98,077)
Note: The beginning balance above has been restated
from a balance of $176,523 to a balance (deficit)
of $(103,102) to reclassify contributions by
subdividers in prior years amounting to $279,625.
These contributions together with $208,680
contributed during the year ended September 30,
1968 total $488,305 of such contributions as
presented in the foregoing balance sheet.
EXHIBIT E-1
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
STATEMENT OF INCOME
Year ended September 30, 1968
Operating revenues:
Water sales
Sewer sales
Water and sewer tap fees
Miscellaneous operating revenues
Operating expenses excluding
(Exhibit E-3)
Net operating revenue
depreciation
depreciation
excluding
Non -operating revenue:
Interest income
Income available for debt service
Depreciation (straight-line basis, 15 years
for equipment and 50 years for the system)
Non -operating expenses:
Interest and service charges on
funded debt
Assessments by General Fund
Net income
29
$461,288
152,148
27,187
8,664
649,287
178,341
470,946
3,759
474,705
125,708
348,997
$291,000
14,972 305,972
$ 43,025
EXHIBIT E-2
30
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
STATEMENT OF OPERATING EXPENSES
Year ended September 30, 1968
General and administrative:
Supervision
Clerical
Employee benefits
Extra help
Longevity
Property and liability insurance
Agent's fees
Office supplies
Postage
Legal fees
Audit fees
Maintenance - machinery and tools
Engineer fees
Communications
Special services
Advertising
Travel expense
Gas
Water production:
Supervision
Labor operation
Labor maintenance
Employee benefits
Overtime
Wearing apparel
Motor fuel
Minor apparatus
Fuel supplies
Maintenance
Maintenance
Maintenance
Maintenance
Special services
Electricity
Miscellaneous
Water distribution:
Supervision
Labor operation
and
- machinery
- water mains
- motor vehicles
- signal system
tools
$ 9,300
16,389
2,006
120
107
3,624
513
2,021
4,339
758
1,000
203
1, 171
1,762
13
21
199
115 $ 43,661
2,520
3,715
7,425
1, 074
708
483
840
216
17
1,212
112
380
218
1,618
36,903
159 57,600
2, 520
2,143
EXHIBIT E-3
31
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
STATEMENT OF OPERATING EXPENSES
Year ended September 30, 1968
(Continued)
Water distribution: (continued)
Labor - maintenance $17,956
Extra help 1,066
Employee benefits 2,004
Overtime 1,355
Wearing apparel 598
Motor fuel 1,487
Minor apparatus 458
Chemical 225
Franchise tax - City of Bedford 3,014
Maintenance - machinery 1,121
Maintenance - motor vehicles 1,146
Maintenance - water mains 3,067
Maintenance - water meters 2,707
Maintenance - signal system 653
Service connections 193
Fire hydrants 93
Hire of equipment 36
Special services - janitorial supplies 84
Travel and subscriptions 317 $ 42,243
Sewer collection and treatment:
Supervision 2,520
Labor - maintenance 12,266
Labor operations 2,804
Overtime 1,539
Employee benefits 1,490
Wearing apparel 276
Motor fuel 227
Minor apparatus and supplies 655
Laundry and cleaning 60
Chemical, medical 1,691
Franchise tax - City of Bedford 713
Maintenance - sanitary sewers 587
Maintenance - machinery 3,850
Maintenance - motor vehicles 394
Hire of equipment 88
Sewer treatment charges by other systems 2,288
Electric 3,389
34,837
Total operating expenses $178,341_
EXHIBIT E-3
32
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
BALANCE SHEET
September 30, 1968
ASSETS
Cash in bank
Certificates of deposit
Spur 35 - utility adjustments
receivable
LIABILITIES, RESERVES
AND FUND BALANCE
Payroll taxes payable
Reserve for escrow deposits
Fund balance
Social
Security Escrow
Total Fund Fund
$ 40,974 $20,115 $ 20,859
50,000 50,000
34,776 34,776
$125,750 $20,115 $105,635
$ 18,696 $18,696 $ -
105,635 105,635
1,419 1,419
$125,750 $20,115 $105,635
EXHIBIT F
33
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1968
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, drainage,
water and sewer construction
Balance at end of year
Total
$ 44,938
Social
Security
Fund
$ 18,977
95,948 95,948
351, 376
492,262 114,925
94,810 94,810
306,478
401,288 94,810
$ 90,974 $ 20,115
Escrow
Fund
$ 25,961
351,376
377,337
306,478
306,478
$ 70,859
EXHIBIT F-1
34
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL FIXED ASSETS
September 30, 1968
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
$ 967,719
1,285,320
148,152
$2,401,191
$1,930,000
471,191
$2,401,191
35
CITY OF EULESS, TEXAS
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS
BY SOURCES
Year ended September 30, 1968
Improvements Machinery
other than and
Total Buildings buildings equipment
Balance at beginning
of year $2,279,306 $885,366 $1,245,788 $148,152
Add:
Expenditures from
assessments and
other special
funds 108,202 80,829 27,373
Expenditures from
current revenues 13,683 1,524 12,159
Balance at end
of year $2,401,191 $967,719 V,285,320 $148,152
EXHIBIT G-1
36
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL FIXED ASSETS
CLASSIFIED BY DEPARTMENTS
General Government
Street Department
Police Department
Fire Department
Park and Recreation
Departments
Library
Year ended September 30, 1968
Total
$ 273,618
1,050,268
167,740
138,070
486,646
284,849
$2,401,191
Buildings
$237,279
154,525
92,241
233,830
249,844
$967,719
Improvements
other than
buildings
$ 1,026,891
238,316
20, 113
$1,285, 320
Machinery
and
equipment
$ 36,339
23,377
13,215
45,829
14,500
14, 892
$148,152
EXHIBIT G-2
37
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL BONDED DEBT AND INTEREST
September 30, 1968
Amount available and to be provided for the
payment of general bonded debt and interest:
Bond principal:
Amount available in Interest and
Redemption Fund (Exhibit D)
To be provided in future years
Total available and to be provided (Table V)
Bond interest:
To be provided in future years for
bond interest (Table V)
Total available and to be provided
General bonds and interest payable
in future years:
General bonds
Interest payable in future years
Total bonds and interest payable
$ 22,376
2,127,624
2,150,000
2,360,660
$4,5101660
$2,150,000
2,360,660
$4,510„660
EXHIBIT H
SUPPLEMENTARY INFORMATION
38
CITY OF EULESS, TEXAS
STATEMENT OF CHANGES IN TAXES RECEIVABLE
Year ended September 30, 1968
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
TABLE 1
Total
$ 29,619
382,592
13,248
425, 459
383, 742
13,248
881
Current Delinquent
taxes taxes
382,592
382,592
369,344
13,248
$29,619
13,248
42,867
14,398
881
397,871 382,592 15,279
27,588 $ - $27,588
STATEMENT OF TAXES RECEIVABLE - BY FUNDS
September 30, 1968
Delinquent taxes:
General Fund
Interest and Redemption Fund
$20,139
7,449
$27, 588
TABLE 2
39
CITY OF EULESS, TEXAS
STATEMENT OF INVESTMENTS
September 30, 1968
Short-term:
General Fund:
Certificates of deposit -
First State Bank, Euless
Bond Funds:
Certificates of deposit -
First State Bank, Euless
First National Bank, Euless
Interest and Redemption Fund:
Certificates of deposit -
First State Bank, Euless
Water and Sewer Fund:
Operating fund certificates of deposit -
First State Bank, Euless
Emergency fund savings account, 4% -
First State Bank, Euless
Revenue bond reserve fund investments
in U. S. Treasury bonds, at cost,
4-1/2% to 5-5/8% due in 1971 and 1974
Trust and Agency Funds:
Escrow fund certificates of deposit -
First State Bank, Euless
Certificates of deposit are for periods of
30 days to 90 days and bear interest at
4-1/2% to 4-3/4%.
TABLE 3
Amount
$ 20,000
100,000
200,000
18,000
147,000
34,802
54, 533
50,000
$624,335
40
CITY OF EULESS, TEXAS
STATEMENT OF UTILITY AND GENERAL BONDS PAYABLE
September 30, 1968
TABLE 4
CITY OF EULESS, TEXAS
STATEMENT OF UTILITY AND GENERAL BONDS PAYABLE
September 30, 1968
GENERAL BONDS
Description
General Obligation:
Streets and Administration,
Police, Civic Center and
Library buildings:
Series 1964
Series 1965
Series 1966
Series 1968
Park Bonds:
Series 1964
Series 1965
Series 1966
Series 1968
Rate of interest
3.75, 3.60, 3.80 and 3.85%
3.85 and 3.90%
4.65%
5.00, 4.75, 4.50, 4.70 and 4.90%
3.75, 3.60, 3.80 and 3.85%
3.90, 3.85 and 5.00%
4.65%
5.00, 4.75, 4.50, 4.70 and 4.90%
WATER AND SEWER REVENUE BONDS
Waterworks and Sewer System
Revenue Bonds:
Series 1965
Series 1967
4.50 and 5.50%
4.50%
41
Date of
issue
9-28-64
7- 1-65
7- 1-66
7- 1-68
9-28-64
7- 1-65
7- 1-66
7- 1-68
7-15-65
1-15-67
Authorized
$2,000,000
460,000
2,460,000
3,600,000
2,200,000
5,800,000
$8.260,000
Bonds
Issued
$ 900,000
455,000
325,000
200,000
100,000
75,000
75,000
100,000
Outstanding
$ 840,000
455,000
325,000
200,000
80,000
75,000
75,000
100,000
2,230,000 2,150,000
3,600,000
2,200,000
5,800,000
$8,030,000
TABLE 4
3,600,000
2,200,000
5,800,000
$7,950,000
STATISTICAL DATA
42
CITY OF EULESS, TEXAS
TAX LEVIES AND TAX COLLECTIONS
TABLE I
CITY OF EULESS, TEXAS
TAX LEVIES AND TAX COLLECTIONS
Collections
Fiscal current years
Tax roll period Assessed Total taxes during
dates ending value tax levy fiscal period
10- 1-58 2-28-69 $ 4,192,060 $ 20,960 $ 16,711
10- 1-59 1-31-60 6,237,950 31,190 24,324
10- 1-60 1-31-61 8,723,570 43,618 33,892
10- 1-61 12-31-61 10,420,300 72,925 51,821
10- 1-62 9-30-63 13,609,560 95,976 94,462
10- 1-63 9-30-64 19,987,160 139,847 134,920
10- 1-64 9-30-65 25,693,730 256,937 241,197
10- 1-65 9-30-66 30,285,610 302,856 300,609
10- 1-66 9-30-67 41,603,320 320,348 304,185
10- 1-67 9-30-68 44,830,590 382,592 369,344
Note: Taxes were first levied in 1958 by the City.
Assessed values for the fiscal year ending
September 30, 1969 are $48,011,100, and
taxes to be levied on October 1, 1968 are
$408,094.
43
Per cent of Collection Total Ratio of
collection on delinquent collections total
of rolls during collection
current levy fiscal period fiscal period to tax levy
79 .72%
77.98
77.70
71.04
99.15
96.47
93.87
99.25
94.95
96.53
$
1,981
3, 668
5,519
6,466
3,120
2,503
1,410
5,767
14, 398
$ 16,711 79.72 (Note)
26,305 84.33
37,560 86.11
57,340 78.61
100,928 105.94
138,040 98.70
243,700 94.85
302,019 99.72
309,952 96.71
383,742 100.30
TABLE I
Tax roll
dates
10- 1-58
10- 1-59
10- 1-60
10- 1-61
10- 1-62
10- 1-63
10- 1-64
10- 1-65
10- 1-66
10- 1-67
10- 1-68
City
44
CITY OF EULESS, TEXAS
TAX RATES AND TAX LEVIES
TAX RATES
School County State Total
$ .50 $1.12 $ .89 $ .42 $2.93
. 50 1.36 .77 .42 3.05
. 50 1.36 .79 .42 3.07
.70 1.36 .82 .42 3.30
. 70 1.36 .82 .42 3.30
. 70 1.36 .82 .42 3.30
1.00 1.36 .82 .42 3.60
1.00 1.36 .82 .42 3.60
. 77 1.45 .82 .42 3.46
. 85 1.45 .82 .42 3.54
. 85 1.45 .82 .42 3.54
TAX LEVIES
County
Tax roll Fiscal and
dates period City School State Total
10- 1-58 2-28-59 $ 20,960 $ 46,951 $ 31,189 $ 99,100
10- 1-59 1-30-60 31,190 84,836 46,410 162,436
10- 1-60 1-31-61 43,618 118,640 64,903 227,161
10- 1-61 12-31-61 72,942 141,716 77,527 292,185
10- 1-62 9-30-63 95,267 185,090 101,255 381,612
10- 1-63 9-30-64 139,847 271,825 148,704 560,376
10- 1-64 9-30-65 256,937 349,434 318,601 924,972
10- 1-65 9-30-66 302,856 411,884 375,541 1,090,281
10- 1-66 9-30-67 320,348 603,248 515,881 1,439,477
10- 1-67 9-30-68 382,592 652,625 558,125 1,593,342
TABLE II
45
Fiscal
period
2-28-59
1-30-60
1-31-61
12-31-61
9-30-62
9-30-63
9-30-64
9-30-65
9-30-66
9-30-67
9-30-68
CITY OF EULESS, TEXAS
REVENUES - OTHER THAN PROPERTY TAXES
Taxes
(other
than
property
taxes)
$ 2,752
2,491
6, 562
9,428
12,694
18,629
26,674
33,207
36,045
34,349
44, 502
Licenses
and
permits
$ 4,290
4,800
3,788
11,322
14,479
20,275
21,447
14,589
9,448
13,170
27,833
County
fire
Fines program Library Other
$15,580 $ -
15,072
12,911 1,400
13,147
11,673 1,400
12,709 1,500
19,387 1,500
21,208 1,500
23,344 1,500
42,069 1,600
50,343 1,600
$
2,558
2,555
2, 518
6,805
5,206
$ 210
142
595
595
799
1,711
2,086
31,209
19,002
26,045
43,409
TABLE III
Fiscal
period
ended
2-28-59
1-30-60
1-31-61
12-31-61
9 -30 -62
9-30-63
9-30-64
9-30-65
9 -30 -66
9-30-67
9 -30 -68
46
CITY OF EULESS, TEXAS
EXPENDITURES FOR SELECTED FUNCTIONS
General Law Fire Public Parks and
government enforcement department works recreation Library
$10,046
13,255
18, 187
24, 560
30,406
45,797
68,231
81,923
73,664
87,735
40,699*
$ 13,703
24,918
34,702
43,350
38,075
65,494
76, 123
97,958
105,859
129,954
155,890
$ 83
98
523
300
2,037
3,278
3,427
23,218
30, 337
29,850
33,878
$ - $
$
15,396
31,790 11,272
42,659 19,610 14,092
67,436 44,378 18,808
54,691 61,081 21,382
83,077 79,141 33,285
* Beginning in 1968 certain expenditures classified
as non -departmental and previously reported under
"general government" have been allocated or charged
directly to the several functions listed above.
TABLE IV
CITY OF EULESS, TEXAS
GENERAL OBLIGATION BONDS OTHER THAN WATER
AND SEWER REVENUE DEBT SERVICE CHARGES
Bonds Requirements
Fiscal outstanding Principal Interest
Total
47
1969 $2,150,000 $ 20,000 $ 88,963 $ 108,963
1970 2,130,000 20,000 88,212 108,212
1971 2,110,000 20,000 87,463 107,463
1972 2,090,000 30,000 91,587 121,587
1973 2,060,000 30,000 90,400 120,400
1974 2,030,000 30,000 89,213 119,213
1975 2,000,000 35,000 92,900 127,900
1976 1,965,000 35,000 91,462 126,462
1977 1,930,000 40,000 90,025 130,025
1978 1,890,000 45,000 93,275 138,275
1979 1,845,000 45,000 91,419 136,419
1980 1,800,000 45,000 89,645 134,645
1981 1,755,000 50,000 87,890 137,890
1982 1,705,000 50,000 85,955 135,955
1983 1,655,000 50,000 84,005 134,005
1984 1,605,000 55,000 81,970 136,970
1985 1,550,000 60,000 79,745 139,745
1986 1,490,000 60,000 77,255 137,255
1987 1,430,000 65,000 79,627 144,627
1988 1,365,000 70,000 76,878 146,878
1989 1,295,000 70,000 73,937 143,937
1990 1,225,000 75,000 70,998 145,998
1991 1,150,000 75,000 67,830 142,830
1992 1,075,000 75,000 64,662 139,662
1993 1,000,000 60,000 41,985 101,985
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 7,673 87,673
2006 85,000 85,000 3,952 88,952
$2,150,000
$2,360,660 14,510,660
TABLE V
CITY OF EULESS, TEXAS
REVENUE WATER AND SEWER BONDS
DEBT SERVICE CHARGES
Bonds Requirements
Fiscal outstanding Principal Interest
1969 $5,800,000 $
1970 5,800,000
1971 5,800,000
1972 5,800,000
1973 5,730,000
1974 5,645,000
1975 5,555,000
1976 5,465,000
1977 5,370,000
1978 5,270,000
1979 5,165,000
1980 5,055,000
1981 4,940,000
1982 4,820,000
1983 4,695,000
1984 4,565,000
1985 4,430,000
1986 4,290,000
1987 4,140,000
1988 3,985,000
1989 3,825,000
1990 3,655,000
1991 3,480,000
1992 3,295,000
1993 3,105,000
1994 2,905,000
1995 2,695,000
1996 2,475,000
1997 2,245,000
1998 2,005,000
1999 1,755,000
2000 1,495,000
2001 1,220,000
2002 935,000
2003 635,000
2004 325,000
2005
70,000
85,000
90,000
90,000
95,000
100,000
105,000
110,000
115,000
120,000
125,000
130,000
135,000
140,000
150,000
155,000
160,000
170,000
175,000
185,000
190,000
200,000
210,000
220,000
230,000
240,000
250,000
260,000
275, 000
285,000
300,000
310,000
325, 000
$ 261,000
261,000
261,000
261,000
261,000
257,850
254,025
249,975
245,925
241,650
237,150
232,425
227,475
222,300
216,900
211,275
205,425
199,350
193,050
186,300
179, 325
172,125
164,475
156,600
148,275
139,725
130,725
121,275
111,375
101,025
90,225
78,975
67,275
54,900
42,075
28,575
14,625
$5,800,000 $6,487,650
48
Total
$ 261,000
261,000
261,000
261,000
331,000
342,850
344,025
339,975
340,925
341,650
342,150
342,425
342,475
342,300
341,900
341,275
340, 425
339,350
343,050
341,300
339, 325
342, 125
339,475
341,600
338,275
339,725
340, 725
341,275
341,375
341,025
340,225
338,975
342,275
339,900
342,075
338,575
339,625
$12,287,650
TABLE VI
49
CITY OF EULESS, TEXAS
INSURANCE IN FORCE
September 30, 1968
Amount of
Expires Insurers insurance
Fire and extended coverage;
80% coinsurance:
Scheduled water and sewer property 9- 3-70 1 $ 576,800
City offices and community center 9-28-69 1 449,170
Fire station #1 9-10-71 6 30,000
Fire station #2 9- 3-70 1 72,000
Library books and furnishings 12- 1-70 1 210,000
Water meter storage 11-29-68 1 20,000
Vandalism and malicious mischief:
Scheduled water and sewer property 9-30-70 1 576,800
City offices and community center 9-28-69 1 449,170
Comprehensive glass breakage:
City offices and community center 9-28-69 5 Scheduled
Vehicle liability - all vehicles:
Bodily injury 9-14-69 2 10/20,000
Property damage 5,000
Amusement liability 6- 9-69 4 50/100,000
Manufacturers' and contractors'
liability - water and sewer
operation:
Bodily injury 9- 3-69 4 100/300,000
Property damage 100,000
Vehicle - fire and theft, extended
coverage and $100 deductible
collision 9-14-69 2 ACV
Public employees blanket bond:
Specific employees 2- 6-69 4 7,500
All other employees 2,500
Accident:
Volunteer fire department 8-25-69 2 1,000
Insurers:
1. International Insurance Co. of New York, New York
2. Aetna Insurance Company
3. Interstate Fire and Casualty Co.
4. Trinity Insurance Co.
5. United States Fire Insurance Co.
6. North River 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
Date of incorporation
Date of adoption of Charter
Form of government:
Home rule (Council - Manager)
Mayor - elected at large
Five councilmen
Area
September 23, 1950
July 21, 1962
15.8 square miles
Building permits:
Permits issued -
year ended September 30, 1968 324 permits
Estimated cost $8,527,502
Fire protection:
Number of stations
Number of employees
(Second station built by Euless, in the
fire fighting apparatus furnished and
Police protection:
Number of stations
Number of employees
2
5 full time
30 volunteer
City of Euless
manned by Fort Worth)
1
18 full time
12 reserve officers
Education:
Number of school campuses 9
Number of teachers 263
Number of students 6,209
Average daily attendance:
Elementary school 3,090
Secondary school 2,879
Library volumes 17,800
Street lights
162 - 189 watt incandescent
68 - 295 watt incandescent
48 - 450 watt mercury vapor
TABLE VIII
51
Parks:
Number
Total acres
CITY OF EULLESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
(Continued)
3
45.14
Employees:
Legislative, executive,
administrative and finance 2
Legal and Corporation Court 1
Library 4
2 part time
Police Department 18
Animal control 1
Fire Department 5
School crossing guards 7 part time
Inspection 2
Street and drainage 7
Civic Center 3
Recreation, park and pool 3
26 part time
Community Building 1
4 part time
Water 16
Population:
1950 census 300
1960 census 4,236
1964 census (estimated) 14,000
1965 census (estimated) 14,500
1966 census (es.timated) 15,000
1967 census (estimated) 16,500
1968 census (estimated) 17,500
Streets (no alleys):
Paved (including county roads) 85 miles
Unpaved 0.8 miles
State highway 11.9 miles
TABLE VIII
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
(Continued)
Municipal water plant:
Number of consumers (9-30-68)
Bedford 2,171
Euless 4,858
7,029
Maximum daily consumption
Average daily consumption
Plant capacity
52
5.9 million gallons per day
2.5 million gallons per day
6.9 million gallons per day
Miles of water mains:
Bedford 35 miles
Euless 65 miles
100 miles
Number of fire hydrants:
Bedford 110
Euless 206
316
Miles of sewer mains:
Bedford 31 miles
Euless 61 miles
Water and Sewer Revenue Bonds -
Series 1965 and Series 1967 -
Coverage:
Water and Sewer Revenue Funds
income available for debt
service
92 miles
$474,705
Average annual debt service
requirements $332,099
Coverage 1.43 times
TABLE VIII