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Home My WebLink AboutFY 1970 Financial Statements and Supplementary Information - AuditCITY OF EULESS, TEXAS FINANCIAL STATEMENTS AND SUPPLEMENTARY [NFORMATION YEAR ENDED SEPTEMBER 30, 1970 with REPORT OF CERTIFIED PUBLIC ACCOUNTANTS ARTHUR YOUNG & COMPANY Exhibit A Exhibit A-1 Exhibit A-2 Exhibit A-3 Exhibit A-4 Exhibit A-5 Exhibit B Exhibit B-1 Exhibit B-2 Exhibit B-3 Exhibit C Exhibit C-1 Exhibit C-2 Exhibit D Exhibit D-1 Exhibit D-2 CONTENTS The Municipal Finance Officers Association Certificate of Conformance Letter of transmittal Report of certified public accountants Financial statements Combined balance sheet - all funds Combined statement of cash receipts and disbursements - all funds Combined schedule of changes in taxes receivable Combined schedule of taxes receivable by funds Combined schedule of bonds payable Combined schedule of investments - all funds, at cost General Fund Balance sheet Analysis of changes in fund balance Statement of revenues - estimated and actual Statement of expenditures compared with authorizations Debt Service Fund Balance sheet Analysis of changes in reserve for retirement of general long-term debt Statement of revenues and expenditures Capital Projects Funds Balance sheet Statement of cash receipts and disbursements Statement of expenditures compared with appropriations Page 1 2- 5 6 7 7 8- 9 10 15-24 25 25 26 27 28 29 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 Page 30-31 32 33 34 35-37 38 39 40 41 42 43 Tax levies and tax collections 44-45 Tax rates and tax levies 46 Revenues - other than property taxes 47 Expenditures for selected functions 48 General obligation bonds other than water and sewer revenue debt service charges 49 Revenue water and sewer bonds debt service charges 50 Insurance in force 51-52 Miscellaneous statistical facts 53-56 REPORT THE MUNICIPAL FINANCE OFFICERS ASSOCIATION OF THE UNITED STATES AND CANADA Qertifiess t jat THE ANNUAL FINANCIAL REPORT OF The City of Cu..l ess, texas For the Fiscal year ended.Septenber30, 9c4- CONFORMS TO THE PRINCIPLES AND STANDARDS OF PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE Cunitipat Finance efficerg Safsgociation AND THE jationat Committee on obernmentat 5Accounting Presented Jarttuary 13, 1965. Chairman, Co m atee on Accounting .77 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 uteod EULESS, TEXAS BUTLER 3.5381 201 ECTOR DRIVE 76039 October 29, 1970 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, 1970 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 1970 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 gables under "Statistical 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 Enterprise Fund: Cash and investments Retained earnings, reserves and contributions by subdividers Increase 1969 1970 (decrease) $ 20,788 $ 81,488 $ 60,700 20,788 $ 81,536_ $ 60,748 $203,245 93.601 $(109,644) $906.087 $1,290,708 $ 384,621 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, $63,860 has been transferred to the bond paying agent for reserve purposes and $14,459 has been transferred to a restricted bank account reserved for emergencies. The City retired $185,000 in water and sewer revenue bonds with $144,000 of the proceeds from the sale of water and sewer facilities to the City of Bedford. A total of $1,070,000 of revenue bonds has been retired to date and $945,684 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 in this report. Respectfully submitted, Mrs. Vada Ferris City Secretary 2 CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1970 EXHIBIT A CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1970 ASSETS AND OTHER DEBITS Cash (Exhibit A-1) Short-term investments, at cost (Exhibit A-5) Taxes receivable (Exhibit A-2) Assessments receivable Accounts receivable (net) Advances to other funds Restricted assets: Cash Short-term investments, at cost (Exhibit A-5) Interest receivable on investments Land Buildings Improvements other than buildings Equipment Amount available for retirement of general long-term debt Amount to be provided for retirement of general long-term debt General Fund $ 81,488 39,287 48 Total assets and other debits $120,823 ARTHUR YOUNG & COMPANY 1000 CONTINENTAL NATIONAL BANK BUILDING FORT WORT H, T E X AS Honorable A. C. Krause, Mayor and City Council City of Euless Euless, Texas We have examined the balance sheets of the various funds and balanced account groups of the City of Euless, Texas, as indexed herein, as of September 30, 1970 and the related state- ments of revenue, expenditures and changes in fund balances and retained earnings for the fiscal year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets and statements of revenue, expenditures and changes in fund balances and retained earnings present fairly the financial position of the various funds and balanced account groups of the City of Euless, Texas at September 30, 1970 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 15, 1970 3 Debt Service Fund $ 1,933 63, 000 14, 531 Capital Projects Funds $ 13,044 130,894 26,983 Water and Sewer Enterprise Fund $ 52,284 41,317 60,816 307,688 36,033 1,266,199 24,819 32,970 4,510,343 91,265 Trust and Agency Funds $196,347 200,000 General fixed assets $ - $ 969,250 1,576,001 176,012 General long-term debt 64,933 2,045,067 i79464 $170,921 $6,423,734 $396,347 $2,721,263 $2,110,000 EXHIBIT A 4 CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1970 (Continued) EXHIBIT A CITY OF EULESS, TEXAS COMBINED BALANCE SHEET - ALL FUNDS September 30, 1970 (Continued) LIABILITIES Payroll taxes Customer and developers' deposits Accrued revenue bond interest payable Advances from other funds Revenue bonds 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 General Fund 39,287 81,536 Total liabilities, reserves and fund balances/retained earnings $120,823 5 Debt Service Fund Capital Projects Funds 14,531 26,983 64,933 143,938 Water and Sewer Enterprise Fund $ 58,683 44,343 4,730,000 4,833,026 26,153 199,202 65,029 1,051,798 248,526 Trust and Agency Funds $ 11,939 72,830 307,688 392,457 3,890 General fixed assets 2,721,263 General long-term debt 2,110,000 2,110,000 $79,464 $170,921 $6,423,734 $396,347 $2,721,263 $2,110,000 EXHIBIT A 6 CITY OF EULESS, TEXAS COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS Year ended September 30, 1970 Balance Fund 10-1-69 General Fund $ 20,788 Debt Service Fund 24,132 Capital Projects Funds 210,293 Water and Sewer Enterprise Fund 203,245 Trust and Agency Funds 388,498 Total - all funds $846,956 Balance Receipts Disbursements 9-30-70 $ 673,102 $ 612,402 $ 81,488 149,124 108,323 64,933 18,090 84,445 143,938 814,659 733,280 $2,388,255 924,303 93,601 725,431 396,347 $2,454,904 $780,307 EXHIBIT A-1 7 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF CHANGES IN TAXES RECEIVABLE Year ended September 30, 1970 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 Current Delinquent Total taxes taxes $ 32,421 574,241 30,034 636,696 551,642 30,034 1,202 574,241 574,241 543,005 30,034 1,202 $ 32 , 421 30,034 62,455 8,637 582,878 574,241 8,637 $ 53,818 $ - $53,818 EXHIBIT A-2 COMBINED SCHEDULE OF TAXES RECEIVABLE BY FUNDS September 30, 1970 Delinquent taxes receivable: General Fund Debt Service Fund $39,287 14,531 $53,818 EXHIBIT A-3 8 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF BONDS PAYABLE September 30, 1970 EXHIBIT A-4 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF BONDS PAYABLE September 30, 1970 GENERAL BONDS Description Rate of interest 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 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% 9 Date of Bonds issue Authorized Issued 9-28-64 7- 1-65 7- 1-66 7- 1-68 9-28-64 7- 1-65 7- 1-66 7- 1-68 $2,000,000 460,000 2,460,000 Outstanding $ 900,000 $ 805,000 455,000 455,000 325,000 325,000 200,000 200,000 100,000 75,000 75,000 75,000 75,000 75,000 100,000 100,000 2,230,000 2,110,000 7-15-65 3,600,000 3,600,000 3,340,000 1-15-67 2,200,000 2,200,000 1,390,000 5,800,000 5,800,000 4,730,000 $8,260,000 $8,030,000 $6,840,000 EXHIBIT A-4 10 CITY OF EULESS, TEXAS COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS, AT COST September 30, 1970 Debt Service Fund: First State Bank, Euless - 5% certificate of deposit, due 11-23-70 $ 63,000 Capital Projects Funds: First State Bank, Euless - 5% certificate of deposit, due 10-31-70 95,894 First National Bank, Euless - 5% certificate of deposit, due 10-17-70 35,000 Water and Sewer Enterprise Fund: Unrestricted: First State Bank, Euless - 6-3/4% certificate of deposit, due 12-8-70 $100,000 Less amount restricted as deposits 58,683 41,317 Restricted: 4-1/4% to 6-1/2% U. S. Treasury notes, due 11-15-71 to 5-15-76 1,143,179 4-1/2% savings account, First State Bank, Euless 64,337 Undivided interest in above certificate of deposit 58,683 Trust and Agency Funds: First State Bank, Euless - 7% certificate of deposit, due 11-4-70 6-1/2% certificate of deposit, due 11-28-70 100,000 100,000 $1,701,410 EXHIBIT A-5 11 CITY OF EULESS, TEXAS GENERAL FUND BALANCE SHEET September 30, 1970 ASSETS Cash in banks: Regular checking account Payroll account $ 81,043 300 $ 81,343 Petty cash and change funds 145 Taxes receivable 39,287 Other receivables 48 $120,823 RESERVES AND FUND BALANCE Reserve for uncollected taxes Fund balance (Exhibit B-1) $ 39,287 81, 536 $120,823 EXHIBIT B 12 CITY OF EULESS, TEXAS GENERAL FUND ANALYSIS OF CHANGES IN FUND BALANCE Year ended September 30, 1970 Fund balance, October 1, 1969 $ 20,788 Add: Excess of revenues over expenditures: Revenues (Exhibit B-2) Expenditures (Exhibit B-3) $673,102 612,354 60,748 Fund balance, September 30, 1970 $ 81,536 EXHIBIT B-1 13 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF REVENUES - ESTIMATED AND ACTUAL Year ended September 30, 1970 General property taxes collected: Current taxes Delinquent taxes Penalty and interest Gross receipts taxes: Southwestern Bell Telephone Company Texas Power and Light Company Lone Star Gas Company Tarrant County Trash Disposal General sales tax Licenses and permits: Building permits Plumbing permits Electric permits Heating and air conditioning permits Street inspections Miscellaneous permits Electric license exams Fines and fees: Corporation court fines Dog pound fees Estimated revenues $339,882 5,000 1,000 345,882 Actual revenues $384,636 8,070 2,712 395,418 Actual over (under) estimated $ 44,754 3,070 1,712 49,536 9,000 10,141 1,141 28,500 33,904 5,404 15,000 15,703 703 2,000 3,204 1,204 54,500 62,952 8,452 35,000 54,210 19,210 6,000 5,611 (389) 4,000 3,568 (432) 5,000 4,104 (896) 1,000 1,652 652 600 1,084 484 570 1,061 491 2,000 3,107 1,107 19,170 20,187 1,017 45,000 57,622 12,622 200 405 205 45,200 58,027 12,827 EXHIBIT B-2 14 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF REVENUES - ESTIMATED AND ACTUAL Year ended September 30, 1970 (Continued) Other revenues: Library receipts Tarrant County library contributions Recreation Department income Tarrant County fire assistance Interest income Rental income Miscellaneous income Reimbursements from water system funds - assessment in lieu of taxes State Library Grant GENERAL FUND REVENUES Estimated revenues $ 1,500 2,000 9,400 1,600 5,000 2,200 1,800 14,304 37,804 $537,556 Actual revenues Actual over (under) estimated $ 1,964 $ 2,000 9,958 2,200 40, 024 2,820 5,558 14,304 3,480 464 558 600 35, 024 620 3,758 3,480 82,308 44,504 $673,102 $135,546 EXHIBIT B-2 15 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 General Government: Supervision Clerical General labor Extra help Longevity Employee benefits Office supplies Motor fuel Maintenance Maintenance Maintenance Maintenance - furnishings - equipment - vehicles - signal systems Communications Car allowances Insurance Special services Engineer fees Audit fees Tax office fees Planner fees Advertising Travel expense and meetings Dues and subscriptions Elections expense Capital expenditures: Furniture Settlement of lease agreement at Midway Park Less departmental allocations: Law Enforcement Library Actual (over) Appropriations Expenditures under $ 12,774 4,572 750 252 1, 327 2,200 300 150 700 100 90 1,700 400 350 200 2,400 1,000 10,800 1,200 1,000 6,000 2,000 600 300 51,165 4,020 7,578 11, 598 39,567 $ 11,424 4,743 4,460 1, 366 278 1, 596 2,595 274 574 1,820 552 645 145 3,324 975 10,683 305 7,052 1,460 692 484 10,000 65,447 4,020 7,578 11,598 53,849 $ 1,350 (171) (4,460) (616) (26) (269) (395) 26 150 126 100 90 (120) (152) (295) 55 (924) 25 117 1,200 695 (1,052) 540 (92) (184) (10,000) (14,282) (14,282) EXHIBIT B-3 16 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Appropriations Expenditures Actual (over) under Law Enforcement: Police Department: Supervision $ 11,000 $ 11,000 $ Clerical 20,840 21,469 (629) Labor 111,688 119,267 (7,579) Employee benefits 11,812 12,736 (924) Longevity 1,584 1,359 225 Overtime 4,500 3,932 568 Office supplies 2,300 2,750 (450) Wearing apparel 3,600 3,728 (128) Motor fuel supplies 5,400 4,871 529 Education supplies 400 387 13 Maintenance - furniture and fixtures 50 13 37 Other supplies 100 155 (55) Maintenance m motor vehicles 3,060 5,340 (2,280) Maintenance ® signal system 750 736 14 Communications 3,500 3,825 (325) Special services 400 158 242 Travel expense and meetings 3,000 2,779 221 Association dues and subscriptions 1,200 954 246 Support of persons 400 682 (282) Insurance - vehicles 900 2,263 (1,363) Advertising 25 16 9 Minor apparatus 800 1,083 (283) Awards 50 38 12 Capital expenditures: Instruments and apparatus 1,350 1,245 105 Motor vehicles 10,000 10,766 (766) Furniture and fixtures 1,200 1,487 (287) Signal systems and other 2,050 2,012 38 201,959 215,051 (13,092) EXHIBIT B=3 17 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Law Enforcement: (continued) Legal and Corporation Court: Judge's salary Clerical Office supplies City attorney's fees Refunds Other Salary -related expenses Administrative expense allocation Total Law Enforcement Fire Department: Salaries Employee benefits Longevity Office supplies Wearing apparel Motor fuel supplies Minor apparatus Janitorial supplies Chemicals Educational supplies Maintenance - building Maintenance - instruments and apparatus Maintenance m motor vehicles Maintenance m signal system Insurance Communications Travel expense and meetings Association dues and subscriptions Electric Appropriations Expenditures $ 2,400 4,464 600 6,500 1,500 130 591 16,185 4,020 222,164 31,104 2,490 504 100 500 1,200 2,000 650 50 750 300 1,500 1,800 500 834 600 400 75 650 $ 3,971 4,164 591 8,048 3,480 97 595 20,946 4,020 240,017 Actual (over) under $ (1,571) 300 9 (1,548) (1,980) 33 (4) (4,761) (17,853) 34,012 (2,908) 2,772 (282) 396 108 100 494 6 1,163 37 2,312 (312) 631 19 9 41 25 725 158 142 19 1,481 1,451 349 443 57 1,942 (1,108) 778 (178) 260 140 91 (16) 547 103 EXHIBIT B-3 19 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Animal Control: Labor Extra help Longevity Overtime Employee benefits Office supplies Motor fuel supplies Maintenance - motor vehicles Maintenance - signal systems Wearing apparel Insurance Animal care Other Capital expenditures: Motor vehicles and machinery Buildings Inspection Department: Supervision Clerical Labor operations Extra help Longevity Employee benefits Office supplies Motor fuel supplies Insurance Maintenance - motor vehicles Maintenance - signal systems Communications Advertising Travel expense and meetings Association dues and subscriptions Minor apparatus Appropriations Expenditures $ 4,560 2,500 288 125 544 75 150 150 90 104 128 200 200 2,000 11,114 7,238 3,984 5,760 300 294 1,426 300 600 220 200 90 200 100 200 75 80 $ 8,330 12 288 408 775 75 150 188 90 190 185 116 127 1,876 557 13,367 7,238 4,161 4,705 294 1,413 300 594 135 158 90 196 40 140 23 20 Actual (over) under $ (3,770) 2,488 (283) (231) (38) (86) (57) 84 73 124 (557) (2,253) (177) 1,055 300 13 6 85 42 4 60 60 52 60 EXHIBIT B-3 20 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Inspection Department: Capital expenditures: Motor vehicles School Crossing Guard: Labor Benefits Other Appropriations Expenditures Actual (over) under $ 2,700 $ 2,826 $ (126) 23,767 22,333 1,434 6,755 5,273 1,482 573 450 123 7,328 16 (16) 5,739 1,589 Library: Supervision 4,800 4,800 Clerical 11,016 11,016 Extra help 3,026 3,544 (518) Longevity 369 367 2 Benefits 1,569 1,670 (101) Office supplies 1,200 1,405 (205) Insurance 282 271 11 Maintenance 256 299 (43) Rebinding books 700 874 (174) Communications 300 289 11 Travel expense and meetings 350 129 221 Association dues and subscriptions 75 94 (19) Other 20 80 (60) Capital expenditures: Books 8,980 8,088 892 32,943 „"' 32,926 17 Administrative expense allocation 7,578 40,521 7,578 40,504 17 EXHIBIT B=3 21 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Actual (over) Appropriations Expenditures under Recreation Department: Supervision $ 1,040 $ 1,040 $ Clerical 310 271 39 Labor 12,836 10,957 1,879 Employee benefits 681 600 81 Office supplies 335 463 (128) Motor fuel 150 138 12 Insurance 145 99 46 Minor apparatus 25 17 8 Maintenance - building 100 23 77 Maintenance - machinery and implements 100 216 (116) Communications 100 98 2 Educational and recreational 500 446 54 Travel 150 149 1 Rentals 200 200 Association dues and subscriptions 10 10 Electric 2,000 1,093 907 Hire of equipment 200 200 Contributions and awards 150 86 64 Special services 50 50 19,082 15,906 3,176 Park Department: Supervision 1,355 1,355 Clerical 310 229 81 Labor and extra help 20,580 20,784 (204) Employee benefits 1,506 1,545 (39) Office supplies 50 50 Wearing apparel 465 459 6 Motor fuel supplies 1,300 1,292 8 Minor apparatus 600 665 (65) Botanical supplies 1,500 1,059 441 Land maintenance 450 284 166 Building maintenance 300 380 (80) Maintenance - motor vehicles 150 165 (15) EXHIBIT B-3 22 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Actual (over) Appropriations Expenditures under Park Department: (continued) Maintenance - other vehicles $ 400 $ 313 $ 87 Maintenance ® fixtures and other 1,500 966 534 Communications 75 75 Hire of equipment 250 250 Engineer fees 709 (709) Advertising 19 (19) Machinery 650 561 89 Water 1,000 2,242 (1,242) Insurance 1,130 1,211 (81) Travel expense 100 104 (4) Dues and subscriptions 30 25 5 Waste disposal 300 417 (117) 34,001 35,159 (1,158) Swimming pool: Supervision 310 310 Labor 8,028 7,394 634 Employee benefits 402 400 2 Office supplies 200 200 Awards 50 33 17 Janitorial supplies 50 7 43 Chemicals 600 768 (168) Equipment rental 50 50 Building maintenance 100 200 (100) Equipment maintenance 425 107 318 Communications 75 44 31 Minor apparatus 100 40 60 Electric 250 24 226 Water 130 130 Travel 25 33 (8) 10,795 9,740 1,055 EXHIBIT B®3 23 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Actual (over) Appropriations Expenditures under Civic Center: Supervision, labor and extra help $ 13,558 $ 12,633 $ 925 Employee benefits 1,090 1,120 (30) Minor apparatus 500 854 (354) Janitorial and mechanical 1,215 1,099 116 Furniture and fixtures 150 120 30 Building maintenance 900 1,649 (749) Houses o Sheppard Drive 200 24 176 Heating and cooling systems 600 7,381 (6,781) Insurance 755 381 374 Electric 12,000 10,871 1,129 Water 800 1,040 (240) Gas 1,100 1,072 28 Waste disposal 302 231 71 Capital expenditures: Payment o houses Sheppard Drive 1,531 1,468 63 Equipment 750 710 40 35,451 40,653 (5,202) Less department allocations: Community Building 11,598 11,598 23,853 29,055 (5,202) Community Building: Supervision 1,045 1,045 Clerical 310 254 56 Labor 14,626 14,212 414 Employee benefits 954 959 (5) Office supplies 100 100 Wearing apparel 80 80 Insurance 599 (599) Educational and recreational 800 616 184 Dues and other 22 5 17 Maintenance 225 47 178 Communications 200 250 (50) EXHIBIT B-3 24 CITY OF EULESS, TEXAS GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS Year ended September 30, 1970 (Continued) Actual (over) Appropriations Expenditures under Community Building: (continued) Travel expense $ 150 $ 111 $ 39 Equipment rental 250 250 Civic Center expense allocation 11,598 11,598 30,360 30,046 314 Total all departments $582,608 $612,354 $(29,746) EXHIBIT B-3 25 Cash in bank Certificates of deposit Taxes receivable CITY OF EULESS, TEXAS DEBT SERVICE FUND BALANCE SHEET September 30, 1970 ASSETS RESERVES $ 1,933 63,000 14,531 $79,464 Reserve for uncollected taxes $14,531 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, 1970 Balance at beginning of year Add excess of revenues over expenditures (Exhibit C-2) Balance at end of year 64,933 $79,464 $24,132 40,801 $64,933 EXHIBIT C-1 26 CITY OF EULESS, TEXAS DEBT SERVICE FUND STATEMENT OF REVENUES AND EXPENDITURES Year ended September 30, 1970 Revenues: General property taxes and penalty and interest collected Expenditures: Interest on bonds Matured bonds $149,124 $88, 323 20,000 108,323 Excess of revenues over expenditures $ 40,801 EXHIBIT C-2 27 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS BALANCE SHEET September 30, 1970 ASSETS Cash Certificates of deposit Assessments receivable RESERVES AND APPROPRIATIONS Reserve for uncollected assessments Appropriations: Unencumbered fund balance Total $ 13,044 130,894 26,983 $170,921 Street Improvement and Drainage Fund $13, 044 35, 000 26,983 $75,027 $ 26,983 $26,983 143,938 48,044 $170,921 $75,027 Park and Recreation Fund 95,894 $95,894 95,894 ,$951894 EXHIBIT D 28 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Year ended September 30, 1970 Cash balance at beginning of year Receipts: Paving assessments Disbursements: Capital outlay Cash balance at end of year Total $210,293 18,090 228,383 84,445 $143,938 Street Improvement and Drainage Fund Park and Recreation Fund $110,293 $100,000 18,090 128,383 80, 339 100,000 4,106 $ 48,044 t_95,894 EXHIBIT D-1 29 CITY OF EULESS, TEXAS CAPITAL PROJECTS FUNDS STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS September 30, 1970 Amount appropriated: From: Bonds sold Paving assessments Other participation Less expenditures: Of prior fiscal periods Of this period Unexpended balance Total $1,480,000 120,122 50,852 1,650,974 1,422,591 84,445 1,507,036 Street Improvement and Drainage Fund $1,130,000 120,122 50,782 143,938 $ 1,300,904 1,172,521 80,339 1,252,860 48,044 Park and Recreation Fund $350,000 70 350,070 250,070 4,106 254,176 $ 95,894 EXHIBIT D=2 30 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND BALANCE SHEET September 30, 1970 EXHIBIT E CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND BALANCE SHEET September 30, 1970 ASSETS Current assets: Cash Short-term investments, at cost (net of customer deposits) Accounts receivable Less estimated uncollectible accounts receivable Escrow Fund deposits 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 Investments, at cost Property sale proceeds accounts: (Note 1) Principal cash with paying agent (overdrawn) Principal investments with paying agent, at cost Income cash with paying agent Customer deposits: Investments, undivided, at cost Interest receivable on investments Total restricted assets Utility plant in service: (Note 1) Land Equipment Water and sewer system Less allowance for depreciation $ 61,187 371 10,261 188,941 692 64,337 (8, 554) 954,238 7,481 32,970 113,409 5,039,402 5,185,781 551,203 $ 52,284 41,317 60,816 307,688 462,105 26,153 199,202 65,029 953,165 58,683 24,819 1,327,051 Total utility plant in service 4,634,578 $6,423,734 31 LIABILITIES, RESERVES, CONTRIBUTIONS AND RETAINED EARNINGS Current liabilities (payable from restricted assets): Customer deposits Accrued revenue bond interest payable Total current liabilities $ 58,683 44,343 103,026 Other liabilities: Revenue bonds payable (Note 1) 4,730,000 Total liabilities 4,833,026 Reserves: Reserve for revenue bond debt service, next maturing Reserve for revenue bond retirement Reserve for contingency $ 26,153 199,202 65,029 Total reserves 290,384 Contributions: Contributions from subdividers 751,798 Contributions from other governmental units (Note 2) 300,000 Total contributions Retained earnings (Exhibit E-1) See accompanying notes. 1,051,798 248,526 $6.423,734 EXHIBIT E 32 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND ANALYSIS OF CHANGES IN RETAINED EARNINGS Year ended September 30, 1970 Retained earnings at beginning of year $ 22,795 Add: Net income (Exhibit E-2) Decrease in reserve for revenue bond debt service - next maturing Decrease in reserve for title defects Deduct: Increase in reserve for revenue bond retirement Increase in reserve for contingency $293,050 1,000 10,000 63,860 14,459 304,050 Total deductions 78,319 Retained earnings at end of year $248,526 See accompanying notes. EXHIBIT E -1 33 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND STATEMENT OF REVENUES AND EXPENSES - ACTUAL AND BUDGETED Year ended September 30, 1970 Operating revenues: Water sales Sewer sales Water and sewer tap fees Miscellaneous operating revenues 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) Non -operating expenses: Interest and service charges on funded debt Assessments by General Fund Income before extraordinary item Extraordinary gain on prior retirement of bonded debt, net of loss on early sale of securities Net income Budget $359,000 124,000 14,000 2,700 499,700 184,591 315,109 72,000 387,109 144,000 243,109 226,720 14, 304 241,024 $ 2,085 See accompanying notes. Actual $536,515 176,162 13,538 4,899 731,114 189,200 541,914 83,545 625,459 144,199 481,260 215,490 14,304 229,794 251,466 41,584 $293,050 Actual (over) under $(177,515) (52,162) 462 (2,199) (231,414) (4,609) (226,805) (11,545) (238,350) (199) (238,151) 11,230 11,230 $(249,381) EXHIBIT E-2 34 CITY OF EULESS, TEXAS NOTES TO WATER AND SEWER ENTERPRISE FUND FINANCIAL STATEMENTS September 30, 1970 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 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, 1970, $1,070,000 (15.3%) of the revenue bonds have been retired with proceeds from the above noted sale. 20 Contributions from other governmental units In connection with a long-term agreement for water and sewer treatment services, the City of Euless received $300,000 from the Trinity River Authority for improvements to the City`s water and sewer system. Annual expenditures under this agreement will approximate $34,000 beginning in fiscal year 1971. 35 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1970 Actual (over) Budget Actual under General and administrative: Supervision $ 12,774 $ 11,762 $ 1,012 Clerical 14,256 13,671 585 Employee benefits 2,125 2,193 (68) Longevity 438 400 38 Property and liability insurance 4,500 6,471 (1,971) Office supplies 1,800 1,734 66 Postage 3,500 2,983 517 Legal fees 158 (158) Audit fees 1,000 1,000 Maintenance - machinery and tools 200 121 79 Communications 2,000 1,835 165 Advertising 50 6 44 Travel and miscellaneous 400 417 (17) Bad debts 421 (421) 43,043 43,172 (129) Water production: Supervision 3,000 3,000 Labor 8,984 6,707 2,277 Employee benefits 1,055 946 109 Overtime 1,000 882 118 Wearing apparel 350 237 113 Motor fuel 800 947 (147) Minor apparatus 50 60 (10) Maintenance - machinery and tools 200 126 74 Maintenance - motor vehicles 200 58 142 Maintenance - signal system 250 217 33 Water 1,800 2,325 (525) Electricity 38,500 43,167 (4,667) 56,189 58,672 (2,483) EXHIBIT E-3 36 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES m BUDGETED AND ACTUAL Year ended September 30, 1970 (Continued) Actual (over) Budget Actual under Water distribution: Supervision $ 3,000 $ 3,000 $ Labor 21,351 24,382 (3,031) Employee benefits 2,153 2,252 (99) Overtime 3,000 2,534 466 Wearing apparel 650 745 (95) Motor fuel 1,100 1,558 (458) Minor apparatus 900 767 133 Chemicals 250 94 156 Maintenance ® machinery 1,200 1,328 (128) Maintenance o motor vehicles 1,000 989 11 Maintenance m water mains 2,100 2,062 38 Maintenance m water meters 3,500 6,704 (3,204) Maintenance - signal system and other 900 500 400 Service connections 150 150 Fire hydrants 200 8 192 Hire of equipment 100 100 Special services - janitorial supplies 125 69 56 Travel and subscriptions 304 302 2 41,983 47,394 (5,411) Sewer collection and treatment: Supervision 3,000 3,000 Labor 10,536 13,091 (2,555) Overtime 2,000 2,559 (559) Employee benefits 1,240 1,571 (331) Wearing apparel 250 357 (107) Motor fuel 600 745 (145) Minor apparatus 600 52 548 Chemicals 1,800 2,396 (596) Medical supplies 100 61 39 Maintenance m sanitary sewers 1,200 881 319 EXHIBIT E-3 37 CITY OF EULESS, TEXAS WATER AND SEWER ENTERPRISE FUND SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL Year ended September 30, 1970 (Continued) Sewer collection and treatment: (continued) Maintenance o machinery Maintenance ® motor vehicles Maintenance o signal systems Hire of equipment Treatment fees paid to other systems Electric Total operating expenses Budget Actual $ 2,400 600 500 100 14,450 4,000 $ 3,930 268 237 100 5,120 5,594 43,376 39,962 $184,591 $189,200 Actual (over) under $ (1,530) 332 263 9,330 (1,594) 3,414 $ (4,609) EXHIBIT E m3 38 CITY OF EULESS, TEXAS TRUST AND AGENCY FUNDS BALANCE SHEET September 30, 1970 ASSETS Cash in bank Certificates of deposit LIABILITIES, RESERVES AND FUND BALANCE Payroll taxes payable Reserve for escrow deposits: Water and Sewer Enterprise Fund (including TRA Water Projects Funds) General Fund balance Total $196,347 200,000 $396,347 Social Security Fund $ 15,829 $ 15,829 Escrow Fund $180,518 200,000 $380,518 $ 11,939 $ 11,939 $ 307,688 72,830 3,890 $396,347 3,890 $ 15,829 307,688 72,830 $380,518 EXHIBIT F 39 CITY OF EULESS, TEXAS TRUST AND AGENCY FUNDS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Year ended September 30, 1970 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 Social Security Fund $388,498 $ 12,096 152,391 152,391 580,889 733,280 152,391 148,658 576,773 725,431 $396,347 148,658 148,658 $ 15,829 Escrow Fund $376,402 580,889 580,889 576,773 576,773 $380.518 EXHIBIT F-1 40 CITY OF EULESS, TEXAS STATEMENT OF GENERAL FIXED ASSETS September 30, 1970 General fixed assets: Buildings $ 969,250 Improvements other than buildings 1,576,001 Machinery and equipment 176,012 Investment in general fixed assets: From general bonds From current revenues and assessments $2,721:263 $2,129,078 592,185 $2,721,263 EXHIBIT G 41 CITY OF EULESS, TEXAS STATEMENT OF CHANGES IN GENERAL FIXED ASSETS BY SOURCE Year ended September 30, 1970 Improvements Machinery other than and Total Buildings buildings._ equipment Balance at beginning of year $2,534,505 $969,250 $1,410,948 $154,307 Add: Expenditures from assessments and other special funds 160,445 160,445 Expenditures from current revenues 26,313 4,608 Balance at end of year 21,705 $2.721.263 $969.250 $1,576,001 $176,012 EXHIBIT G-1 42 CITY OF EULESS, TEXAS SCHEDULE OF GENERAL FIXED ASSETS CLASSIFIED BY DEPARTMENTS General Government Street Department Police Department Fire Department Park and Recreation Departments Library Year ended September 30, 1970 Total $ 280,544 1,326,432 173,494 148,062 493,116 299,615 I2,721,263 Buildings $237,279 154,525 92,241 235,361 249,844 $969,250 Improvements other than buildings $ 1,302,555 242, 422 31,024 $ 576, 001 Machinery and equipment $ 43,265 23, 877 18,969 55, 821 15,333 18,747 $1761012 EXHIBIT G-2 43 CITY OF EULESS, TEXAS STATEMENT OF GENERAL LONG-TERM DEBT September 30, 1970 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 $ 64,933 2,045,067 Total available and to be provided $2,110,000 GENERAL LONGTERM DEBT PAYABLE Serial bonds payable in future years (Table V) $2,110,000 EXHIBIT H STATISTICAL DATA 44 CITY OF EULESS, TEXAS TAX LEVIES AND TAX COLLECTIONS Last ten fiscal years TABLE I CITY OF EULESS, TEXAS TAX LEVIES AND TAX COLLECTIONS Last ten fiscal years Collections Fiscal current years Tax roll period Assessed Total taxes during dates ending value tax levy fiscal period 10- 1-60 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 10- 1-68 9-30-69 48,914,070 415,770 402,888 10- 1-69 9-30-70 57,695,670 574,241 543,005 45 Per cent of Collection Total Per cent of collection on delinquent collections total of rolls during collection current levy fiscal period fiscal period to tax levy 77.70% $ 3,668 $ 37,560 86.11% 71.04 5,519 57,340 78.61 99.15 6,466 100,928 105.94 96.47 3,120 138,040 98.70 93.87 2,503 243,700 94.85 99.25 1,410 302,019 99.72 94.95 5,767 309,952 96.71 96.53 14,398 383,742 100.30 96.90 7,432 410,320 98.69 94.56 8,637 551,642 96.06 TABLE I Tax roll dates 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 10- 1-69 10- 1-70 Tax roll dates 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 10- 1-69 City $ .50 .70 .70 .70 1.00 1.00 .77 .85 .85 .85 .85 Fiscal period 1-31-61 12-31-61 9-30-63 9-30-64 9-30-65 9-30-66 9-30-67 9-30-68 9-30-69 9-30-70 CITY OF EULESS, TEXAS TAX RATES AND TAX LEVIES Prior fiscal years TAX RATES School $1.36 1.36 1.36 1.36 1.36 1.36 1.45 1.45 1.45 1.69 1.69 TAX LEVIES (Estimated) County $ .79 .82 .82 .82 .82 .82 .82 .82 .82 .82 .82 State $ .42 . 42 . 42 .42 .42 . 42 .42 .42 .42 .42 .42 46 Total $3.07 3.30 3.30 3.30 3.60 3.60 3.46 3.54 3.54 3.78 3.78 County a nd City School State Total $ 43,618 $118,640 $ 64,903 $ 227,161 72,942 141,716 77,527 292,185 95,267 185,090 101,255 381,612 139,847 271,825 148,704 560,376 256,937 349,434 318,601 924,972 302,856 411,884 375,541 1,090,281 320,348 603,248 515,881 1,439,477 382,592 652,625 558,125 1,593,342 415,784 775,056 715,426 1,906,266 465,892 813,400 768,500 2,047,792 TABLE II 47 Fiscal period 12-31-61 9 -30 -62 9-30-63 9-30-64 9-30-65 9-30-66 9-30-67 9-30-68 9 -30 -69 9-30-70 CITY OF EULESS, TEXAS REVENUES - OTHER THAN PROPERTY TAXES Last ten fiscal years Taxes (other than property taxes) $ 9,428 12,694 18,629 26,674 33,207 36,045 34, 349 44, 502 53, 317 117,162 Licenses and permits $11, 322 14,479 20,275 21,447 14, 589 9,448 13,170 27,833 30,642 20,187 County fire Fines program Library Other $13,147 11,673 12,709 19,387 21,208 23,344 42,069 50,343 46,025 58, 027 $ - $ 1,400 1,500 1,500 1, 500 1,500 1,600 1,600 2,000 2,200 2,558 2,555 2,518 6,805 5,206 7,915 7,444 $ 595 799 1,711 2,086 31,209 19,002 26,045 43,409 55,920 58, 360 TABLE I I I 48 Fiscal period ended 12-31-61 9 -30 -62 9-30-63 9 -30 -64 9-30-65 9-30-66 9-30-67 9-30-68 9-30-69 9-30-70 CITY OF EULESS, TEXAS EXPENDITURES FOR SELECTED FUNCTIONS Last ten fiscal years General government $24, 560 30,406 45,797 68,231 81,923 73,664 87,735 40,699* 29,826 53,849 Law enforcement $ 43,350 38,075 65,494 76,123 97,958 105,859 129,954 155,890 189,578 240,017 Fire Public department works $ 300 $ 2,037 3,278 3,427 23,218 30, 337 29,850 33,878 43,450 58,651 Parks and recreation Library - $ 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 89,367 113,482 35,032 99,427 119,906 40,504 * 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 ARTHUR YOUNG & COMPANY 1000 CONTINENTAL NATIONAL BANK BUILDING FORT WORT HST EX AS Mr. C. J. Griggs City Manager City of Euless Euless, Texas Dear Mr. Griggs: Enclosed is the revised page 49 of the City of Euless financial statements for the year ended September 30, 1970. This page should be substituted by attachment. If additional information is needed, please call. November 25, 1970 49 (Revised) CITY OF EULESS, TEXAS GENERAL OBLIGATION BONDS OTHER THAN WATER AND SEWER REVENUE DEBT SERVICE CHARGES Bonds Projected requirements Fiscal outstanding Principal Interest Total 1971 $2,110,000 $ 20,000 $ 87,463 $ 107,463 1972 2,090,000 30,000 86,588 116,588 1973 2,060,000 30,000 85,400 115,400 1974 2,030,000 30,000 84,213 114,213 1975 2,000,000 35,000 82,900 117,900 1976 1,965,000 35,000 81,463 116,463 1977 1,930,000 40,000 80,025 120,025 1978 1,890,000 45,000 78,275 123,275 1979 1,845,000 45,000 76,419 121,419 1980 1,800,000 45,000 74,645 119,645 1981 1,755,000 50,000 72,890 122,890 1982 1,705,000 50,000 70,955 120,955 1983 1,655,000 50,000 69,005 119,005 1984 1,605,000 55,000 66,970 121,970 1985 1,550,000 60,000 64,745 124,745 1986 1,490,000 60,000 62,255 122,255 1987 1,430,000 65,000 59,628 124,628 1988 1,365,000 70,000 56,878 126,878 1989 1,295,000 70,000 53,937 123,937 1990 1,225,000 75,000 50,998 125,998 1991 1,150,000 75,000 47,830 122,830 1992 1,075,000 75,000 44,662 119,662 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 $2110,000 $1,883,488 3,993,488 TABLE V 50 CITY OF EULESS, TEXAS REVENUE WATER AND SEWER BONDS DEBT SERVICE CHARGES Bonds Requirements Fiscal outstanding Principal Interest 1971 $4,730,000 $ 1972 4,730,000 1973 4,730,000 1974 4,660,000 1975 4,575,000 1976 4,485,000 1977 4,395,000 1978 4,300,000 1979 4,200,000 1980 4,095,000 1981 3,985,000 1982 3,895,000 1983 3,775,000 1984 3,650,000 1985 3,520,000 1986 3,385,000 1987 3,255,000 1988 3,105,000 1989 2,950,000 1990 2,790,000 1991 2,620,000 1992 2,555,000 1993 2,420,000 1994 2,300,000 1995 2,265,000 1996 2,135,000 1997 2,000,000 1998 1,8551000 1999 1,705,000 2000 1,550,000 2001 1,390,000 2002 1,220,000 2003 935,000 2004 635,000 2005 325,000 70,000 85,000 90,000 90,000 95,000 100,000 105,000 110,000 90,000 120,000 125,000 130,000 135,000 130,000 150,000 155,000 160,000 170,000 65,000 135,000 120,000 35,000 130,000 135,000 145,000 150,000 155,000 160,000 170,000 285,000 300,000 310,000 325,000 $4,730,000 $ 212,850 212,850 212,850 209,700 205,875 201,825 197,775 193,500 189,000 184,275 179, 325 175,275 169,875 164,250 158,400 152, 325 146,475 139,725 132,750 125,550 117,900 114,975 108,900 103,500 101,925 96,075 90,000 83,475 76,725 69,750 62,550 54,900 42,075 28,575 14,625 Total $ 212,850 212,850 282,850 294,700 295,875 291,825 292,775 293,500 294,000 294,275 269,325 295,275 294,875 294,250 293,400 282,325 296,475 294,725 292,750 295,550 182,900 249,975 228,900 138,500 231,925 231, 075 235,000 233,475 231,725 229,750 232,550 339,900 342,075 338,575 339,625 $4,730,400 19460,400 TABLE VI CITY OF EULESS, TEXAS INSURANCE IN FORCE September 30, 1970 Fire and extended coverage, 80% coinsurance: On contents of city offices, jail, and community center. City offices, jail, and community center Library books and furnishings Scheduled water and sewer property Fire station #1 Fire station #2, building and contents Vandalism and malicious mischief: Scheduled water and sewer property City offices, jail, and community center Comprehensive glass breakage:. City offices, jail, library, and community center Vehicle liability - all vehicles: Bodily injury Property damage Amusement liability Manufacturers' and contractors' liability - water and sewer operation: Bodily injury 9- 3-71 Property damage Vehicle s fire and theft, extended coverage and $100 deductible collision Expires Insurers 10-20-72 9-28-72 12- 1-70 9- 3-73 9-10-71 9- 3-73 9- 3-73 9-28-72 Public employees blanket bond: Specific employees All other employees Accident: Volunteer fire department 9-28-71 9-14-71 6- 9-71 9-14-71 2- 6=71 8-25-73 51 Amount of insurance 1 $ 20,000 1 429,170 1 210,000 6 466,400 6 30,000 6 72,000 6 466,400 1 429,170 5 5 4 Scheduled 100/300,000 10,000 100/300,000 5 100/300,000 100,000 5 4 4 ACV 7,500 2,500 10,000 TABLE VII 52 CITY OF EULESS, TEXAS INSURANCE IN FORCE September 30, 1970 (Continued) Amount of Expires Insurers insurance Fire and extended coverage for houses on Sheppard Drive: House on 110 Sheppard Drive 11-25-72 7 $ 10,000 House on 114 Sheppard Drive 4-10-71 6 7,000 Notary bonds (employees insurance): Vada Ferris 8- 4-71 4 1,000 Della Houy 6- 1-71 4 1,000 Florence S. Murr, Harold M. Smith, A. B. Wall, Arthur R. Livermore 7- 1-71 4 1,000 Insurers: 1. International Insurance Co. of New York, New York 2. Aetna Insurance Company 3. Interstate Fire and Casualty Co. 4. Trinity Universal Insurance Co. 5. United States Fire Insurance Co. 6. North River Insurance Co. 7. Security National Insurance Co. This statement is intended only as a descriptive summary; no expression of opinion as to the adequacy of the coverage is intended. TABLE V I I 53 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, 1970 Estimated cost Education° Number of school campuses Number of teachers Number of students Average daily attendance: Elementary school Secondary school Library volumes Street lights Parks: Number Total acres September 23, 1950 July 21, 1962 15.8 square miles 172 permits $4,710,034.00 8 299 6,704 2,892.38 3,429.75 22,268 167 m 189 watt incandescent 109 0 295 watt incandescent 62 m 450 watt mercury vapor 29 m 175 watt mercury vapor 3 45.14 (Plus joint City -School use by contract on school campuses.) TABLE VIII 54 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 School Control Crossing Public Works: Building and Zoning Inspection Streets and Drainage Civic Center Maintenance Utility Administration, Accounting and Collecting Water Production Water Distribution Sewerage and Disposal Parks and Recreation: Recreation Parks Swimming Pool Community Building Total 1967-68 Full time * Part time, seasonal and temporary Part time 2 1 3 1 18 4 1 7 2 7 3 5 3 5 4 20 3 5 6 1 3 62 42 1968-69 1969-70 Full time * Part time Full time * Part time 2 2 1 1 1 4 2 4 2 18 5 1 7 2 7 3 5 3 5 4 25 3 5 6 1 4 24** 5 1 1 7 3 7 3 4 2 4 1 2 25 3 5 6 1 4 64 49 66 52 ** Total to be reached during year as funds become available. TABLE VIII 55 Population: 1950 census 1960 census 1964 census 1965 census 1966 census 1967 census 1968 census 1969 census 1970 census CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS (Continued) (estimated) (estimated) (estimated) (estimated) (estimated) (estimated) (preliminary) Streets (no alleys): Paved (including county roads) Unpaved State highway Municipal water plant: Number of consumers (9-30.70) Maximum daily consumption Average daily consumption Plant capacity Miles of water mains Number of fire hydrants Miles of sewer mains 300 4,236 14,000 14,500 15,000 16,500 17,500 18,123 18,772 70.57 miles 0.30 miles 14.20 miles 6,433 5.10 2.24 6.63 63 305 59.5 million million million gallons gallons gallons per per per day day day TABLE VIII 56 CITY OF EULESS, TEXAS MISCELLANEOUS STATISTICAL FACTS (Continued) Water and Sewer Revenue Bonds - Series 1965 and Series 1967 Coverage: Water and Sewer Revenue Fund income available for debt service (Exhibit E-2) $625,459 Less adjustments for income on assets no longer available ® investments used to retire debt 6,072 Adjusted income available for debt service $619,387 Average annual debt service requirements $270.297 Coverage 2.29 times Water and Sewer rates were increased 30% and 33% respectively on an average customer effective July 1, 1970. TABLE VIII