HomeMy WebLinkAboutFY 1964 Annual Financial Report - AuditOFF I CAL COPY
ANNUAL FINANCIAL REPORT
OF THE
CITY OF EULESS. TEXAS
FISCAL YEAR ENDED SEPTEMBER 30, 1964
ARTHUR YOUNG & COMPANY
OFF 1 CE ,OF C 1 TY SECRETARY
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
ertff e t
THE ANNUAL FINANCIAL REPORT OF
Tha City of CaLcss, Thas
or Fiscat eat &tded Spt2xrLber3o,196+
CONFORMS TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
nunicipst SLance 'tZtci r Zgacicition
AND THE
along Committee m t . oberament t tag
Chairman, Committee on Accounting
Executive Director
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
QCertifieo tljat
THE ANNUAL FINANCIAL REPORT OF
The City of Culess, Texas
For the Fiscal year ended. September3o,1964-
CONFORMS TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
J$Cunitipal _finance fficero Zf000ciation
AND THE
J2ational (Committee on Oobernmentat Saccounting
Presented janiwxy 13, 1965.
Chairman, Committee 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.
REPORT
Exhibit A
Exhibit A-1
Exhibit A-2
Exhibit A-3
Exhibit B
Exhibit C
Exhibit D
Exhibit E
Exhibit E-1
Exhibit F
Exhibit F-1
Exhibit G
CONTENTS
Letter of transmittal
Report of certified public accountants
Financial statements
General Fund
Page
1- 2
Balance sheet 3
Analysis of changes in
unappropriated surplus 4
Statement of revenue receipts -
estimated and actual 5
Statement of expenditures and
encumbrances compared with
appropriations 6-11
Bond Funds
Balance sheet
Interest and Redemption Fund
Balance sheet
Water and Sewer Fund
Trust and Agency Funds
12
13
14
Balance sheet 15
Statement of cash receipts
and disbursements 15
General Fixed Assets
Statement of general fixed assets 16
Statement of changes in general
fixed assets 16
General Bonded Debt
Statement of general bonded
debt and interest
17
CONTENTS
Page
Supplementary information
Combined statements for unrelated funds
Table 1 Combined balance sheet - all funds 18-19
Table 2 Summary of cash receipts and
disbursements 20
Table 3 Statement of changes in taxes receivable 21
Table 4 Statement of taxes receivable - by funds 21
Table 5 Statement of investments 22
Table 6 Statement of general bonds payable 23-24
Statistical data
Table I Tax levies and tax collections 25-26
Table II Tax rates and tax levies 27
Table III Revenues - other than property taxes 28
Table IV Expenditures for selected functions 29
Table V Bonds other than water and sewer revenue
debt service charges 30
Table VI Miscellaneous statistical facts 31-32
of
cctedi
EULESS, TEXAS
BUTLER 3.1526
201 W. EULESS BLVD. 76039
October 28, 1964
Honorable W. G. Fuller, Mayor
and City Council
City of Euless
Euless, Texas
Gentlemen:
Submitted herewith is the annual financial report of the City
of Euless for the fiscal year ended September 30, 1964. This report
conforms to the principles and standards of public financial reporting
as promulgated by the Municipal Finance Officers Association and the
National Committee on Governmental Accounting. Included in this
report are the comments and opinion of the City's independent auditors,
Arthur Young & Company.
These financial reports contain balance sheets and subsidiary
exhibits and tables reflecting the revenues, expenditures, invest-
ments, fixed assets and bonded debt of the various funds of the City.
The General Fund uses a modified cash basis of accounting, wherein
revenues are reported primarily on a cash basis and expenditures on
an accrual basis.
All operating funds of the City function under an annual
budget which shows the anticipated revenues and authorized expendi-
tures by funds.
Respectfully submitted,
(r.76,C/ /e4'1,c2,1
Mrs. Vada Ferris
City Secretary
ARTHUR YOUNG & COMPANY
CERTIFIED PUBLIC ACCOUNTANTS
U. S. A.,CANADA, MEXICO, SOUTH AMERICA
GREAT BRITAIN, CONTINENTAL EUROPE
MIDDLE EAST, SOUTH AFRICA,AUSTRALIA
Honorable W. G. Fuller, Mayor
and City Council
City of Euless
Euless, Texas
Gentlemen:
1000 CONTINENTAL NATIONAL BANK BUILDING
FORT WORTH,TEXAS
Scope of Examination
We have examined the balance sheets of the various funds
of the City of Euless, Texas, as of September 30, 1964 and the
related statements of revenue, expenditures and surplus 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 pro-
cedures as we considered necessary in the circumstances.
Summary of Findings of the Audit
The accounts and records of the City of Euless are
maintained in conformance with the standards recommended by the
National Committee on Municipal Accounting of the Municipal Finance
Officers Association. All operating funds function under a budget
prepared annually. Encumbrance procedures are those specified by
standard municipal accounting. In the General Fund, the City uses
a modified cash basis of accounting wherein revenues are reported
primarily on a cash basis and expenditures on an accrual basis.
In accordance with established accounting practices for
municipalities no provision has been made for depreciation of
physical properties.
The City of Euless sold its first bonds on September 28,
1964, which are general obligation tax bonds.
2
The significant changes during the year in the General
Fund which is the principal operating fund may be summarized as
follows:
Cash
Encumbrances
Payroll taxes payable
Net available cash
Unappropriated surplus
Year ended
September 30,
1964 1963
$28 , 025
2,494
4,175
21,356
21,456
Opinion
$10,127
3,150
3,802
3,175
6,526
Increase
(decrease)
$17,898
(656)
373
18,181
14,930
In our opinion, the accompanying balance sheets and
statements of revenue, expenditures and surplus present fairly
the financial position of the various funds of the City of Euless,
Texas, at September 30, 1964, and the results of operations for
the fiscal year then ended, in conformity with generally accepted
governmental accounting principles applied on a basis consistent
with that of the preceding year.
The accompanying supplementary information has been
jected to the tests and other auditing procedures applied in
examination of the financial statements mentioned above and,
our opinion, is fairly stated in all respects material in
relation to the financial statements taken as a whole.
ctJ'-'-`-zAJ..'L
October 28, 1964
sub -
the
in
3
CITY OF EULESS, TEXAS
GENERAL FUND
BALANCE SHEET
September 30, 1964
ASSETS
Cash:
Regular checking account $18,025
Time deposit (91 day @ 4%) 10,000
Petty cash funds 100
28,125
Taxes receivable 6,550
$34,675
LIABILITIES, RESERVES AND SURPLUS
Payroll taxes payable
Reserve for encumbrances
Reserve for uncollected taxes
Unappropriated surplus
$ 4,175
2,494
6,550
13,219
21,456
$34,675
EXHIBIT A
4
CITY OF EULESS, TEXAS
GENERAL FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
Year ended September 30, 1964
Balance at beginning of year
Add:
Revenues
Deduct:
Expenditures:
Expenditures in October 1963
for services and materials
received September 1963
Expenditures - current year
Total expenditures
Encumbrances for services and
material received in current
year and unpaid at
September 30, 1964
Balance at end of year
Excess or
Estimated Actual (deficiency)
$ 6,526 $ 6,526 $ -0-
193,020
199,546
3,150
209,210
212,360
211,417 18,397
217,943 18,397
3,150
190,843
193,993
(18,367)
(18,367)
2,494 2,494
212,360 196,487 (15,873)
$(12,814) $ 21,456 $ 341270
EXHIBIT A-1
5
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUE RECEIPTS - ESTIMATED AND ACTUAL
Year ended September 30, 1964
Source
General property taxes collected:
Current taxes
Delinquent taxes
Gross receipts taxes:
Texas Power & Light Company
Texas Electric Service Company
Southwestern Bell Telephone
Company
Municipal Water & Sewer Company
Lone Star Gas Company
McCaffity Trash Disposal
Will Jones Trash Disposal
Tri-Cities Cab Company
License and permits:
Building permits
Plumbing permits
Electrical permits
Street permits
Heating and A/C permits
Miscellaneous permits
Fines and fees:
Corporation court fines
Other revenues:
Tarrant County Fire Association
Library receipts
Miscellaneous
GENERAL FUND REVENUES
Estimated Actual
revenue revenue
$131,000
4,500
135,500
10,700
275
3,300
5,700
2,900
360
75
10
23,320
5,500
5,500
5,500
1,000
850
700
19,050
13,500
1,500
150
1,650
$100 , 462
37,303
137,765
12,978
394
4,579
4,355
3,532
760
68
8
26,674
6,090
5,327
6,224
563
1,477
1,766
21,447
19,387
1,500
2,558
2,086
6,144
$193,020 $211,417
Excess or
(deficiency)
of actual
compared with
estimated
$ (30 , 538)
32,803
2,265
2,278
119
1,279
(1,345)
632
400
(7)
(2)
3,354
590
(173)
724
(437)
627
1,066
2,397
5,887
2,558
1,936
4,494
$ 18,397
EXHIBIT A-2
6
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH APPROPRIATIONS
Year ended September 30, 1964
EXHIBIT A-3
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH APPROPRIATIONS
Year ended September 30, 1964
Appropriations
General Government:
Administrative salaries:
City Manager $ 7,200
Secretarial 4,000
Library 2,060
13,260
Other charges:
Travel expense 2,300
Office supplies 1,500
Utilities 6,500
Office equipment 700
Employee insurance expense 2,200
Employee social security 3,800
Insurance and bonds 1,200
Legal and publications 4,750
Annual audit 600
Euless tax office 7,200
Corporation court 800
Library books 2,750
Building repairs
Other
Contribution to time payment fund 19,302
Reserve for
encumbrances
at beginning
of year
$
296
829
232
542
66,862 1,899
Public Works:
Salaries:
Inspector 4,800
Clerical 3,624
Animal warden 3,996
Extra help and overtime 3,500
15,920
7
Encumbrances
outstanding
Unexpended at close
Total Expenditures balance of year
$ 7,200 $ 6,951
4,000 4,000
2,060 5,000
13,260 15,951
$ 249
(2,940)
(2,691)
$
Unencumbered
balance
$ 249
(2,940)
(2,691)
2,300 3,053 (753) 37 (790)
1,796 3,631 (1,835) 32 (1,867)
7,329 6,994 335 198 137
700 874 (174) (174)
2,200 1,605 595 595
3,800 3,419 381 381
1,200 932 268 268
4,982 6,670 (1,688) 468 (2,156)
600 651 (51) (51)
7,742 6,521 1,221 1,221
800 693 107 50 57
2,750 3,036 (286) 25 (311)
7,100 (7,100) (7,100)
588 (588) (588)
19,302 6,513 12,789 12,789
68,761 68,231 530 810 (280)
4,800 4,800 - - -
3,624 3,491 133 133
3,996 3,996
3,500 4,243 (743) (743)
15,920 16,530 (610) - (610)
EXHIBIT A-3
8
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH APPROPRIATIONS
Year ended September 30, 1964
(Continued)
EXHIBIT A-3
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH APPROPRIATIONS
Year ended September 30, 1964
(Continued)
Appropriations
Public Works: (continued)
Other charges:
Consulting engineer $ 6,000
Fuel for vehicles 500
Building maintenance 800
Street maintenance 2,500
Traffic signs 800
Equipment maintenance 500
Travel expense 600
Other 600
Capital outlay:
Street sweeper 6,095
Fire Department:
Salaries:
Firemen
Fire marshal
34,315
7,992
480
Reserve for
encumbrances
at beginning
of year
$
26
271
51
97
445
Other charges:
Fuel for vehicles 800 62
Fire truck maintenance 500 13
Equipment maintenance 300 8
Radio maintenance 400 36
School expense 200
Other 100 39
Police Department:
Salaries:
Police chief and sergeants
Patrol and dispatch
School patrol
10,772 158
17,532
42,727
2,720
62,979
9
Total
Encumbrances
outstanding
Unexpended at close
Expenditures balance of year
Unencumbered
balance
$ 6,000 $ 6,664 $ (664) $ 896 $(1,560)
526 987 (461) 57 (518)
1,071 1,194 (123) (123)
2,551 2,428 123 68 55
800 534 266 266
500 132 368 58 310
600 701 (101) (101)
697 406 291 5 286
6,095 2,214
34,760
7,992
480 480
3,881 3,881
31,790 2,970
1,084 1,886
7,992 - 7,992
862 1,291 (429)
513 892 (379)
308 273 35
436 463 (27)
200 200
139 28 111
10,930 3,427 7,503
158
7
165
(587)
(379)
35
(27)
200
104
7,338
17,532 16,922 610 - 610
42,727 41,994 733 733
2,720 2,768 (48) (48)
62,979 61,684 1,295 - 1,295
. EXHIBIT A-3
10
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH APPROPRIATIONS
Year ended September 30, 1964
(Continued)
EXHIBIT A-3
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH APPROPRIATIONS
Year ended September 30, 1964
(Continued)
Appropriations
Reserve for
encumbrances
at beginning
of year
Police Department: (continued)
Other charges:
Fuel for patrol cars $ 4,150 $ 403
Patrol car maintenance 1,800 174
Radio maintenance 700 36
Food for prisoners 225 4
Travel allowance - chief 900
Uniform allowance 900
Police school expense 600
Other expenses 1,010 31
Capital outlay:
Patrol cars (four with
three trade-in's) 5,190
78,454 648
Parks and Recreation Department:
Salaries:
Supervision 1,500
Labor 600
2,100
Other charges:
Utilities 800
Facility maintenance 882
Travel allowance 500
Supplies 300
Social security expense 75
Capital outlay:
Tennis courts
11,000
15,657
$206,060
$3,150
11
Encumbrances
outstanding
Unexpended at close
Total Expenditures balance of year
Unencumbered
balance
$ 4,553 $ 2,929 $ 1,624 $ 223 $ 1,401
1,974 1,891 83 196 (113)
736 675 61 61
229 155 74 16 58
900 900
900 1,278 (378) (378)
600 446 154 154
1,041 975 66 66
5,190 5,190
79,102
76,123 2,979 435 2,544
1,500 1,500 - - -
600 660 (60) (60)
2,100 2,160 (60) - (60)
800 65 735 735
882 220 662 662
500 500
300 393 (93) (93)
75 58 17 17
11,000 7,876 3,124
15,657 11,272 4,385
$2091210 $190,843 $18,367
$2 , 494
3,124
4,385
$15,873
EXHIBIT A-3
12
ASSETS
Due from sale
of bonds
LIABILITIES, RESERVES
AND APPROPRIATIONS
CITY OF EULESS, TEXAS
BOND FUNDS
BALANCE SHEET
September 30, 1964
Total
Street
improvement
and
drainage
$1,000,000 $430,000
Appropriations:
Unencumbered balances $11000,000 $430,000
Bonds were sold September 28, 1964
for the following purposes:
Street improvement and
drainage $ 430,000
Public parks 100,000
Community center 250,000
Police station and
courts building 130,000
Fire station 90,000
$1,000,000
The proceeds of bonds sold were not received until
November 1964; therefore, the entire amount is
shown as a receivable awaiting processing of the
sold bonds.
Public Public
buildings parks
$470,000 $1001000
$470,000 $100,000
EXHIBIT B
13
CITY OF EULESS, TEXAS
INTEREST AND REDEMPTION FUND
BALANCE SHEET
September 30, 1964
ASSETS
Taxes receivable $2,154
LIABILITIES AND RESERVES
Reserve for uncollected taxes $2,154
Note: The City sold general obligation tax bonds on
September 28, 1964 in the amount of $1,000,000.
In the ordinance adopting the budget and levying
taxes an amount of $0.2475 per $100 valuation
is to be allocated for the payment of matured
bond interest and principal. The City has
designated that as the taxes delinquent at
September 30, 1964 are collected that the
prorata part also be placed in the Interest
and Redemption Fund.
EXHIBIT C
14
CITY OF EULESS, TEXAS
WATER AND SEWER FUND
September 30, 1964
The water and sewer system in the City of Euless
is presently privately owned. Negotiations are in pro-
gress for the City to acquire the physical properties and
to operate the system.
EXHIBIT D
15
ASSETS
Cash in bank
FUND BALANCE
Fund balance
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
BALANCE SHEET
September 30, 1964
Social
Security
Total Fund
Escrow
Fund
$ 5,469 $1,373 $4,096
$ 5,469 $1,373 $4,096
EXHIBIT E
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Cash balance -
October 1, 1963
Receipts:
From General Fund
Escrow
Disbursements:
Returns to General Fund
Payment of installment debt
Interest expense
Purchase grass fire
fighting equipment
Cash balance -
September 30, 1964
$11,887 $1,957 $2,019
22,432 3,808
2,077 2,077
36,396 5,765 4,096
Installment
Debt and
Equipment
Fund
$ -0-
-0-
$ 7,911
18,624
26,535
16,503 4,392 - 12,111
10,337 10,337
792 792
3,295 3,295
30,927 4,392 -0- 26,535
$ 51469 $1,373 $4,096 $ -0-
EXHIBIT E-1
16
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL FIXED ASSETS
September 30, 1964
General fixed assets:
Buildings
Machinery and equipment
$15,406
70,903
$86,309
Investment in general fixed assets:
From current revenues $86,309
EXHIBIT F
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS
General Parks and Police Fire
Total government recreation department department
Machinery and
equipment:
Balance
October 1,1963 $55,089 $ 4,918
Additions from
current
revenues 22,456 6,095
Less police
cars traded
77,545
6,642
70,903
11,013
Buildings
October 1, 1963 15,406 15,406
$ - $13,365 $36,806
7,876 5,190 3,295
18,555
6,642
7,866 11,913 40,101
$86,309 $26,419 $7,876 $11,913 $40,101
EXHIBIT F-1
17
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL BONDED DEBT AND INTEREST
September 30, 1964
Amount available and to be provided for
the payment of general bonds and interest:
Bond principal:
Amount available in Interest and
Redemption Fund (Exhibit C) $ -0-
To be provided in future years
(Table V) 1,000,000
Bond interest:
To be provided in future years
(Table V)
698,291
Total available and to be provided $1,698,291
General bonds and interest payable
in future years:
General bonds
Interest
$1,000,000
698,291
$1,698,291
EXHIBIT G
SUPPLEMENTARY INFORMATION
18
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1964
TABLE 1
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1964
Total General
ASSETS all funds Fund
Cash $ 33,594 $28,125
Taxes receivable 8,704 6,550
Due from bond sales 1,000,000
Amount available and to be provided
for retirement of bonds and interest 1,698,291
Buildings 15,406
Machinery and equipment 70,903
$2,826,898 $34,675
LIABILITIES
Payroll taxes payable $ 4,175 $ 4,175
Bond interest payable in future years 698,291
Bonds payable 1,000,000
APPROPRIATIONS, BALANCES, RESERVES
AND SURPLUS
Appropriations 1,000,000
Reserves:
For encumbrances 2,494 2,494
For uncollected taxes 8,704 6,550
Surplus:
Invested in general fixed assets 86,309
Unappropriated surplus 21,456 21,456
Fund balances 5,469
$2,826,898 $34,675
19
Interest and Trust and General General Bonded
Bond Redemption Agency Fixed Debt
Funds Fund Funds Assets and Interest
$ - $ - $5,469
2,154
1,000,000
1,698,291
15,406
70,903
1.1,000,000 $2,154 $5,469 $86,309 $1,698,291
1,000,000
2,154
$1,000,000 $2,154
5,469
$5 ,469
698,291
1,000,000
86,309
$86,309 $1,698,291
TABLE 1
20
CITY OF EULESS, TEXAS
SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1964
Balance Balance
10- 1-63 Receipts Disbursements 9-30-64
General Fund $10,227 $246,177 $228,279 $28,125
Bond Funds -0- -0-
Interest and
Redemption Fund -0- -0-
Trust and
Agency Funds 11,887 24,509 30,927 5,469
$22,114 $270,686 $259,206 $33,594
TABLE 2
21
CITY OF EULESS, TEXAS
STATEMENT OF CHANGES IN TAXES RECEIVABLE
Year ended September 30, 1964
Balance at beginning of year
Add:
Taxes levied
Transfers from current taxes
Total additions
Total
Current Delinquent
Total taxes taxes
$ 7,422 $ - $ 7,422
139,847 139,847
39,385 39,385
179,232 139,847 39,385
186,654 139,847 46,807
Deduct:
Collections 137,765 100,462 37,303
Transfers to delinquent taxes 39,385 39,385
Adjustments 800 800
Total deductions 177,950 139,847 38,103
Balance at end of year $ 8,704 $ -0- $ 8,704
TABLE 3
STATEMENT OF TAXES RECEIVABLE - BY FUNDS
September 30, 1964
Interest
Total General and sinking
Delinquent taxes:
1963 $ 4,611 $ 3,470 $ 1,141
1962 and prior 4,093 3,080 1,013
$ 8,704 $ 6,550 $ 2,154
TABLE 4
22
CITY OF EULESS, TEXAS
STATEMENT OF INVESTMENTS
September 30, 1964
Short-term:
General Fund:
Time deposit - 4% per annum
by depository banks, payable
each 91 days.
$10,000
TABLE 5
23
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL BONDS PAYABLE
September 30, 1964
TABLE 6
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL BONDS PAYABLE
September 30, 1964
Date of
Description Rate of interest issue
Street improvement
and drainage 3.75, 3.60, 3.80 and 3.875% 9-28-64
Public parks 3.75, 3.60 and 3.80 9-28-64
Community center 3.75, 3.60, 3.80 and 3.875 9-28-64
Police station and
courts building 3.75, 3.60, 3.80 and 3.875 9-28-64
Fire station 3.75, 3.60, 3.80 and 3,875 9-28-64
24
Bonds
Authorized Issued Outstanding
$2,000,000 $ 430,000 $ 430,000
460,000 100,000 100,000
250,000 250,000 250,000
130,000 130,000 130,000
90,000 90,000 90,000
$2930,000 $1,000,000 $1,000,000
TABLE 6
STATISTICAL DATA
25
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 tax taxes during
dates ending value levy fiscal period
10- 1-58 2-28-59 $ 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
Note: Taxes were first levied in 1958 by the City.
Assessed values for the fiscal year ending
September 30, 1965 are $25,693,730, and
taxes to be levied are $256,937.
26
Per cent
of levy Collection Total Ratio of
collections on delinquent collections total
during rolls during collection
fiscal period fiscal period fiscal period to tax levy
79.72% $ -0- $ 16,711 79.72 (Note)
77.98 1,981 26,305 84.33
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
TABLE I
27
Tax roll
dates
10- 1-58
10- 1-59
10- 1-60
10- 1-61
10- 1-62
10- 1-63
10- 1-64
City
$ .50
.50
.50
.70
.70
.70
1.00
Tax roll Fiscal
dates period
10- 1-58 2-28-59
10- 1-59 1-30-60
10- 1-60 1-31-61
10- 1-61 12-31-61
10- 1-62 9-30-63
10- 1-63 9-30-64
CITY OF EULESS, TEXAS
TAX RATES AND TAX LEVIES
TAX RATES
School
$ 1.12
1.36
1.36
1.36
1.36
1.36
1.36
TAX LEVIES
County
$ .89
.77
.79
.82
.82
.82
.82
State
.42
.42
.42
.42
.42
.42
.42
County
and
City School State
$ 20,960
31,190
43,618
72,942
95,267
139,847
$ 46,951
84,836
118,640
141,716
185,090
271,825
$ 31,189
46,410
64,903
77,527
101,255
148,704
Total
$2.93
3.05
3.07
3.30
3.30
3.30
3.60
Total
$ 99,100
162,436
227,161
292,185
381,612
560,376
TABLE II
28
CITY OF EULESS, TEXAS
REVENUES - OTHER THAN PROPERTY TAXES
Taxes
(other than Licenses County
Fiscal property and fire
period taxes) permits Fines program Library Other
2-28-59 $ 2,752 $ 4,290 $15,580 $ - $ - $ 210
1-30-60 2,491 4,800 15,072 142
1-31-61 6,562 3,788 12,911 1,400 595
12-31-61 9,428 11,322 13,147 595
9-30-62 12,694 14,479 11,673 1,400 799
9-30-63 18,629 20,275 12,709 1,500 1,711
9-30-64 26,674 21,447 19,387 1,500 2,558 2,086
TABLE III
29
Fiscal
period
ended
2-28-59
1-30-60
1-31-61
12-31-61
9-30-62
9-30-63
9-30-64
CITY OF EULESS, TEXAS
EXPENDITURES FOR SELECTED FUNCTIONS
General
government
$10,046
13,255
18,187
24,560
30,406
45,797
68,231
Police
department
$13,703
24,918
34,702
43,350
38,075
65,494
76,123
Fire
department
$ 83
98
523
300
2,037
3,278
3,427
Public
works
$
Parks and
recreation
$
15,396
31,790 11,272
TABLE IV
30
CITY OF EULESS, TEXAS
BONDS OTHER THAN WATER AND SEWER REVENUE
DEBT SERVICE CHARGES
Bonds Principal Interest Total
Year outstanding requirements requirements requirements
1965 $1,000,000 $ 20,000 $ 37,772.50 $ 57,772.50
1966 980,000 20,000 37,022,50 57,022.50
1967 960,000 20,000 36,272.50 56,272.50
1968 940,000 20,000 35,522.50 55,522.50
1969 920,000 20,000 34,772.50 54,772.50
1970 900,000 20,000 34,022.50 54,022.50
1971 880,000 20,000 33,272.50 53,272.50
1972 860,000 25,000 32,522.50 57,522.50
1973 835,000 25,000 31,585.00 56,585.00
1974 810,000 25,000 30,647.50 55,647.50
1975 785,000 25,000 29,710.00 54,710.00
1976 760,000 25,000 28,772.50 53,772.50
1977 735,000 30,000 27,835.00 57,835.00
1978 705,000 30,000 26,710.00 56,710.00
1979 675,000 30,000 25,585.00 55,585.00
1980 645,000 30,000 24,505.00 54,505.00
1981 615,000 35,000 23,425.00 58,425.00
1982 580,000 35,000 22,165.00 57,165.00
1983 545,000 35,000 20,905.00 55,905,00
1984 510,000 40,000 19,575.00 59,575.00
1985 470,000 40,000 18,055.00 58,055.00
1986 430,000 40,000 16,535,00 56,535.00
1987 390,000 40,000 15,015.00 55,015.00
1988 350,000 45,000 13,495.00 58,495,00
1989 305,000 45,000 11,785,00 56,785.00
1990 260,000 50,000 10,075,00 60,075.00
1991 210,000 50,000 8,137.50 58,137.50
1992 160,000 50,000 6,200.00 56,200.00
1993 110,000 55,000 4,262.50 59,262.50
1994 55,000 55,000 2,131.25 57,131,25
$1,000,000 $698,291.25 $1,698,291.25
TABLE V
31
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
Date of incorporation September 23, 1950
Date of adoption of Charter July 21, 1962
Form of government:
Home rule
Mayor - elected at large
Five councilmen
City manager
Area 15.8 square miles
Building permits:
Permits issued -
year ended September 30, 1964
Estimated cost
379 permits
$5,693,106
Fire protection:
Number of stations 1
Number of employees 3 full time
(30 volunteer)
Police protection:
Number of stations 1
Number of employees 13 full time
(4 part time)
Education:
Number of school campuses 6
Number of teachers 206
Number of students 4,347
Average daily attendance:
Elementary school 2,169
Junior high school 938
High school 1,473
Municipal water plant:
Privately owned
Street lights 192 - 189 watt
24 - Mercury vapor
TABLE VI
32
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
(Continued)
Employees:
Administration 3
Inspection 2
Police department 13 full time
(4 part time)
Fire department 3
Street department 3
Library 2 full time
(1 part time)
Population:
1950 census 300
1960 census 4,236
1964 census (estimated) 14,000
Street and alleys: (no alleys)
Streets:
Paved
Election:
1964 poll tax receipts
issued (Euless)
Number of .votes cast -
1964 city election
29,3 miles
2,448
536
TABLE VI