HomeMy WebLinkAboutFY 1969 Financial Statements and Supplementary Information - AuditCITY OF EULESS, TEXAS
FINANCIAL STATEMENTS
AND SUPPLEMENTARY INFORMATION
YEAR ENDED SEPTEMBER 30, 1969
with
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
OFF I' I'kL GOY
ARTHUR YOUNG g 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 Office 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 revenue - 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
11
12
13-14
15-23
24
24
25
26
27
28
Exhibit E
Exhibit E-1
Exhibit E-2
Exhibit E-3
Exhibit F
Exhibit F-1
Exhibit G
Exhibit G-1
Exhibit G-2
Exhibit H
Table I
Table II
Table III
Table IV
Table V
Table VI
Table VII
Table VIII
CONTENTS
Financial statements (continued)
Water and Sewer Enterprise Fund
Balance sheet
Analysis of changes in retained
earnings (deficit)
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 sources
Schedule of general fixed assets
classified by departments
General long-term debt
Statement of general long-term debt
Statistical data
Tax levies and tax collections
Tax rates and tax levies
Revenues - other than property taxes
Expenditures for selected functions
General obligation bonds other than water
and sewer revenue debt service charges
Revenue water and sewer bonds debt
service charges
Insurance in force
Miscellaneous statistical facts
Page
29-30
31
32
33
34-36
37
38
39
40
41
42
43-44
45
46
47
48
49
50
51-53
REPORT
THE MUNICIPAL FINANCE OFFICERS ASSOCIATION
OF THE UNITED STATES AND CANADA
'Certified tijat
THE ANNUAL FINANCIAL REPORT OF
The City of Cu.Less, Texas
r the fiscail, year ended. September 30,1964-
CONFORMS TO THE PRINCIPLES AND STANDARDS OF
PUBLIC FINANCIAL REPORTING AS PROMULGATED BY THE
1uuicipat finance efficero Sggociation
AND THE
jatiouat Committee on goberumeutat 3ccouuting
Presented JanL.ary 13, 1965.
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 24, 1969
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, 1969 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 1969 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 "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:
Increase
1968 1969 (decrease)
General Fund:
Cash and investments $ 40,837 $ 20,788 20,049)
Fund balance $ 28,344 $ 20,788 $ (7,556)
Water and Sewer
Enterprise Fund:
Cash and investments
Retained earnings,
reserves and
contributions by
subdividers
$190,809 $203,245 $ 12,436
$548,709 $906,087 $357,378
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, $69,339 has been transferred to the bond
paying agent for reserve purposes and $13,717 has been transferred to
a restricted bank account reserved for emergencies.
As authorized by the voters of the City, approximately 30%
of the water and sewer system properties situated within the City of
Bedford were sold to that city. Part of the property sale proceeds
were used to retire $885,000 of the Water and Sewer Revenue Bonds and
the balance has been forwarded to the City's paying agent for invest-
ment purposes, such monies being restricted to the prepayment of the
currently outstanding Water and Sewer Revenue Bonds.
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 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, 1969 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, 1969 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.
cy
October 30, 1969
2
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1969
EXHIBIT A
CITY OF EULESS, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
September 30, 1969
(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
Investment in general fixed assets
Fund balances
Retained earnings (deficit)
Total liabilities, reserves and
fund balances/retained earnings
General
Fund
23,667
20,788
$44,455
5
Debt
Service
Fund
8,754
24,132
Capital
Projects
Funds
42,424
210,293
Water and
Sewer
Enterprise
Fund
50,745
46,450
4,915,000
5,012,195
27,153
135, 342
60,570
660,227
22,795
Trust
and
Agency
Funds
$ 9,936
371,479
4,923
386,338
2,160
General
Fixed
Assets
2,534,505
General
Long-term
Debt
2,130,000
2,130,000
$32 886 $252,717 $5,918,282 ,$388,498 $2,5341505 $2,130,000
EXHIBIT A
6
CITY OF EULESS, TEXAS
COMBINED STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - ALL FUNDS
Year ended September 30, 1969
Fund
General Fund
Debt Service Fund
Capital Projects Funds:
Street Improvement
and Drainage
Enterprise Fund:
Water and Sewer
Enterprise Fund
Trust and Agency Funds:
Social Security Fund
Escrow Fund
Total - all funds
Balance
10-1-68
$ 20,837
4,376
45,860
20,115
20,859
$112,047
Balance
Receipts Disbursements 9-30-69
$ 634,717
110,834
232,228
$ 634,766 $ 20,788
115,078 132
171,935
2,606,336 2,558,092
133,003
638,544
141,022
634,407
60,293
94,104
12,096
24,996
4,355,662 $4,255,300 $212,409
EXHIBIT A-1
7
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF CHANGES IN TAXES RECEIVABLE
Year ended September 30, 1969
Current Delinquent
Total taxes taxes
Balance at beginning of year $ 27,588 $ - $27,588
Add:
Taxes levied 415,770 415,770
Transfers from current taxes 12,265 12,265
Total 455,623 415,770 39,853
Deduct:
Collections
Transfers to delinquent taxes
Adjustments
Total deductions
Balance at end of year
410,320
12,265
617
402,888
12,265
617
7, 432
423,202 415,770 7,432
$ 32,421 $_ - $ 32 , 421
EXHIBIT A-2
COMBINED SCHEDULE OF TAXES RECEIVABLE BY FUNDS
September 30, 1969
Delinquent taxes receivable:
General Fund
Debt Service Fund
$23, 667
8,754
$32 , 421
EXHIBIT A-3
8
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF BONDS PAYABLE
September 30, 1969
EXHIBIT A-4
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF BONDS PAYABLE
September 30, 1969
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
Bonds
Date of
issue Authorized Issued Outstanding
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
$2,000,000
460,000
2,460,000
$ 900,000 $ 825,000
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 2,130,000
3,600,000 3,600,000 3,500,000
_2,200,000 2,200,000 1,415,000
51800,000 5,800,000 4,915,000
$8.260.000 $8,030,00C .$7,045,000
EXHIBIT A-4
10
CITY OF EULESS, TEXAS
COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS, AT COST
September 30, 1969
Debt Service Fund:
First State Bank, Euless
5% certificate of deposit, due 12-7-69
Capital Projects Funds:
First State Bank, Euless
6% certificate of deposit, due 11-19-69
First National Bank, Euless -
5% certificate of deposit, due 10-16-69
Water and Sewer Enterprise Fund:
Unrestricted:
U. S. Treasury bills, due 12-4-69 and
2-19-70
Less amount restricted as deposits
Restricted:
4-1/4% to 6-1/2% U. S. Treasury notes,
due 11-15-71 to 5-15-76
4% savings account, First State Bank,
Euless
Undivided interest in U. S. Treasury bills
Trust and Agency Funds:
First State Bank, Euless
5% certificate of deposit, due 10-18-69
5% certificate of deposit, due 10-31-69
6-1/4% certificate of deposit, due 3-25-70
$159,886
50,745
$ 24,000
100,000
50,000
109,141
1,205,742
49,878
50,745
10,000
40,000
301,406
$119401912
EXHIBIT A-5
11
CITY OF EULESS, TEXAS
GENERAL FUND
BALANCE SHEET
September 30, 1969
ASSETS
Cash in banks:
Regular checking account
Payroll account
Petty cash and change funds
Taxes receivable
RESERVES AND FUND BALANCE
Reserve for uncollected taxes
Fund balance (Exhibit B-1)
$20, 343
300 $20,643
145
23,667
$44,455
$23,667
20,788
$44, 455
EXHIBIT B
12
CITY OF EULESS, TEXAS
GENERAL FUND
ANALYSIS OF CHANGES IN FUND BALANCE
Year ended September 30, 1969
Fund balance, October 1, 1968 $28,344
Deduct:
Excess of expenditures over revenues:
Revenues (Exhibit B-2)
Expenditures (Exhibit B-3)
$493,179
500,735
7,556
Fund balance, September 30, 1969 $20,788
EXHIBIT B-1
13
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Year ended September 30, 1969
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
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
$276,851
5,000
1,000
282,851
Actual
revenue
$291,007
4,466
1,887
297, 360
Actual
over
(under)
estimated
$14,156
(534)
887
14, 509
8,000 8,753 753
23,000 27,564 4,564
11,500 14,478 2,978
650 (650)
2,000 2,522 522
45,150 53,317 8,167
4,000 10,871 6,871
3,500 6,638 3,138
3,500 7,657 4,157
700 1,614 914
600 751 151
300 236 (64)
1,800 2,875 1,075
14,400 30,642 16,242
45,000 45,750 750
400 275 (125)
45,400 46,025 625
EXHIBIT B-2
14
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Year ended September 30, 1969
(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
Actual
revenue
Actual
over
(under)
estimated
$ 950 $ 1,915 $ 965
2,000
8,800
1,600
6,000
2,200
1,920
14, 304
4,000
41,774
$429,575
2,000
9,914
2,000
19,829
2,820
9,053
14, 304
4,000
65,835
$493,179
1,114
400
13,829
620
7,133
24, 061
$63, 604
EXHIBIT B-2
15
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
Actual
(over)
Appropriations Expenditures under
General Government:
Supervision $ 10,650 $ 10,454 $ 196
Clerical 4,080 4,344 (264)
Extra help 1,200 601 599
Longevity 180 137 43
Employee benefits 1,165 1,055 110
Office supplies 2,200 2,058 142
Motor fuel 300 261 39
Maintenance - furniture
and furnishings 150 70 80
Maintenance - machinery
and equipment 700 604 96
Communications 1,600 1,599 1
Car allowances 400 119 281
Special services 200 18 182
Advertising 2,000 211 1,789
Travel expense and meetings 4,500 3,160 1,340
Association dues 2,000 1,410 590
Motor vehicles maintenance 100 1 99
Signal systems maintenance 90 90
Property and liability
insurance 350 461 (111)
Election expense 300 714 (414)
Audit fees 1,000 1,055 (55)
Engineer fees 3,600 2,253 1,347
Planner fees 1,200 988 212
Tax office fees 10,800 9,851 949
48,765 41,424 7,341
Less department allocations:
Law Enforcement 4,020 4,020 -
Library 7,578 7,578
11,598 11,598 -
37,167 29,826 7,341
EXHIBIT B-3
16
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Law Enforcement:
Police Department:
Supervision
Clerical
Labor
Employee benefits
Longevity
Overtime
Office supplies
Wearing apparel
Motor fuel supplies
Education supplies
Maintenance - furniture
and fixtures
Other supplies
Maintenance - motor vehicles
Maintenance - signal system
Communications
Special services
Travel expense and meetings
Association dues and
subscriptions
Support of persons
Insurance - vehicles
Advertising
Minor apparatus
Awards
Capital expenditures:
Instruments and apparatus
Motor vehicles
Furniture and fixtures
Signal systems
Actual
(over)
Appropriations Expenditures under
$ 10,320
17,105
84,834
8,606
1,490
3,500
1,200
2,400
4,800
400
150
100
2,450
750
3,000
400
2,400
885
300
700
20
800
25
500
8,000
620
2,204
157,959
$ 10,320
17,837
86,362
9, 123
1,325
5,131
1, 346
2,619
4,596
216
75
3,629
817
3,343
377
2,443
1,005
421
984
13
43
19
987
12,280
353
1,563
167,227
$ (732)
(1,528)
(517)
165
(1,631)
(146)
(219)
204
184
150
25
(1,179)
(67)
(343)
23
(43)
(120)
(121)
(284)
7
757
6
(487)
(4,280)
267
641
(9,268)
EXHIBIT B-3
17
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Actual
(over)
Appropriations Expenditures under
Law Enforcement: (continued)
Legal and Corporation Court:
Judge's salary $ 2,400 $ 2,265 $ 135
Clerical 4,480 3,984 496
Office supplies 600 489 111
City attorney's fees 6,000 9,056 (3,056)
Refunds 1,000 1,938 (938)
Other 130 80 50
Salary -related expenses 530 519 11
15,140 18,331 (3,191)
Administrative expense
allocation 4,020 4,020
Total Law Enforcement 177,119 189,578 (12,459)
Fire Department:
Salaries 26,302 27,948 (1,646)
Employee benefits 2,006 2,196 (190)
Longevity 324 320 4
Office supplies 100 64 36
Wearing apparel 300 460 (160)
Motor fuel supplies 1,000 1,062 (62)
Minor apparatus 300 550 (250)
Janitorial supplies 550 621 (71)
Chemicals 50 15 35
Educational supplies 750 712 38
Maintenance - building 50 120 (70)
Maintenance e instruments
and apparatus 300 262 38
Maintenance - motor vehicles 800 1,307 (507)
Maintenance - signal system 500 437 63
Insurance 914 709 205
Communications 350 520 (170)
Travel expense and meetings 400 239 161
Association dues and
subscriptions 75 64 11
EXHIBIT B-3
18
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Actual
(over)
Appropriations Expenditures under
Fire Department: (continued)
Electric $ 550 $ 731 $ (181)
Water 130 112 18
Gas 205 195 10
Special services and other 686 (686)
Utilities ® fire station #2 1,500 1,371 129
Capital expenditures:
Motor vehicles 2,000 2,749 (749)
39,456 43,450 (3,994)
Street Department:
Supervision 8,160 8,232 (72)
Labor 22,380 22,620 (240)
Clerical 3,780 3,792 (12)
Extra help and overtime 1,400 56 1,344
Employee benefits 3,100 3,006 94
Wearing apparel 825 763 62
Motor fuel supplies 1,500 1,482 18
Office supplies 150 130 20
Chemical supplies 1,200 427 773
Mechanical supplies 100 100
Street lights ® electricity 5,000 4,665 335
Maintenance m streets 15,340 14,061 1,279
Maintenance ® machinery
and other 300 36 264
Maintenance ® motor vehicles 1,200 1,408 (208)
Insurance ® motor vehicles 240 785 (545)
Communications 160 160
Minor apparatus 100 482 (382)
Travel expense 50 15 35
Capital expenditures:
Furniture 240 403 (163)
Motor vehicles and machinery 300 264 36
65,525 62,787 2,738
EXHIBIT B-3
19
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Actual
(over)
Appropriations Expenditures under
Animal Control:
Labor $ 4,560 $ 4,560 $
Extra help 500 852 (352)
Longevity 252 216 36
Overtime 100 167 (67)
Employee benefits 422 420 2
Office supplies 35 65 (30)
Motor fuel supplies 140 136 4
Maintenance m motor vehicles 150 242 (92)
Maintenance ® signal systems 90 72 18
Wearing apparel 52 33 19
Insurance 128 103 25
Animal care 200 68 132
6,629 6,934 (305)
Inspection Department:
Supervision 6,960 7,065 (105)
Clerical 3,600 3,936 (336)
Extra help 700 366 334
Longevity 258 258
Employee benefits 970 876 94
Office supplies 300 260 40
Motor fuel supplies 400 396 4
Insurance 112 116 (4)
Maintenance - motor vehicles 70 17 53
Maintenance ® signal systems 90 90
Communications 200 200
Advertising 300 94 206
Travel expense and meetings 175 184 (9)
Association dues and
subscriptions 25 29 (4)
14,160 13,797 363
EXHIBIT B-3
20
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Actual
(over)
Appropriations Expenditures under
School Crossing Guard:
Labor $ 6,755 $ 5,455 $ 1,300
Benefits 560 394 166
Wearing apparel 55 55
7,370 5,849 1,521
Library:
Supervision 4,560 4,572 (12)
Clerical 10,005 10,317 (312)
Extra help 4,368 2,833 1,535
Longevity 331 239 92
Benefits 1,449 1,427 22
Office supplies 1,200 1,091 109
Insurance 455 455
Maintenance 284 298 (14)
Rebinding books 500 327 173
Communications 225 289 (64)
Travel expense and meetings 300 312 (12)
Association dues and
subscriptions 70 71 (1)
Other 20 2 18
Capital expenditures:
Books 8,000 5,301 2,699
Furniture and fixtures 375 375
32,142 27,454 4,688
Administrative expense
allocation 7,578 7,578
39,720 35,032 4,688
Recreation Department:
Supervision 900 972 (72).
Clerical 855 900 (45)
Labor 11,961 11,335 626
Employee benefits 604 636 (32)
Office supplies 335 310 25
EXHIBIT B -3
21
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Actual
(over)
Appropriations Expenditures under
Recreation Department: (continued)
Wearing apparel $ 60 $ - $ 60
Motor fuel 150 146 4
Insurance 145 108 37
Minor apparatus 85 63 22
Maintenance - machinery
and implements 200 446 (246)
Communications 50 60 (10)
Educational and recreational 400 544 (144)
Travel 200 161 39
Rentals 800 445 355
Association dues and
subscriptions 10 25 (15)
Electric 2,000 2,146 (146)
Hire of equipment 200 200
Contributions and awards 150 160 (10)
Special services 50 34 16
19,155 18,691 464
Park Department:
Supervision 1,200 1,200 -
Labor and extra help 18,240 19,429 (1,189)
Employee benefits 1,409 1,356 53
Office supplies 50 36 14
Wearing apparel 300 564 (264)
Motor fuel supplies 1,000 997 3
Minor apparatus 500 693 (193)
Botanical supplies 1,500 1,474 26
Other supplies 10 10
Land maintenance 250 703 (453)
Building maintenance 200 746 (546)
Maintenance - motor vehicles 100 194 (94)
Maintenance - other vehicles 300 228 72
Communications 50 50
Hire of equipment 250 250
Furniture and fixtures 450 1,781 (1,331)
EXHIBIT B-3
22
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Actual
(over)
Appropriations Expenditures under
Park Department: (continued)
Machinery $ 400 $ 484 $ (84)
Water 700 1,024 (324)
Insurance 1,130 1,055 75
Travel expense 100 96 4
Dues and subscriptions 22 26 (4)
Waste disposal 240 (240)
Capital expenditures:
Motor vehicles 1,500 1,580 (80)
29,661 34,206 (4,545)
Swimming pool:
Supervision 300 300
Clerical 1,000 252 748
Labor 4,913 6,564 (1,651)
Employee benefits 309 335 (26)
Office supplies 200 176 24
Awards 150 30 120
Janitorial supplies 50 50
Chemicals 600 1,004 (404)
Equipment rental 50 50
Building maintenance 100 48 52
Equipment maintenance 425 12 413
Communications 75 75
Minor apparatus 100 23 77
Electric 150 320 (170)
Water 200 56 144
Travel 50 50
8,672 9,245 (573)
Civic Center:
Labor and extra help 12,300 11,275 1,025
Employee benefits 1,010 876 134
Minor apparatus 500 307 193
Janitorial 1,200 1,264 (64)
Furniture and fixtures 700 149 551
Building maintenance 700 1,366 (666)
EXHIBIT B-3
23
CITY OF EULESS, TEXAS
GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS
Year ended September 30, 1969
(Continued)
Civic Center: (continued)
Houses - Sheppard Drive
Heating and cooling systems
Insurance
Electric
Water
Gas
Waste disposal
Capital expenditures:
Payment - houses -
Sheppard Drive
Equipment
Less department allocations:
Community Building
Community Building:
Supervision
Labor
Employee benefits
Office supplies
Wearing apparel
Minor apparatus
Educational and recreational
Dues and other
Maintenance
Communications
Travel expense
Equipment rental
Civic Center expense allocation
Total all departments
Actual
(over)
Appropriations Expenditures under
$ 400
615
2,200
9,000
700
1,100
$ 19
650
2,632
12,742
847
808
291
1,524 1,531
750 833
32,699 35,590
11,598 11,598
21,101 23,992
900 918
13,080 12,220
381 800
100 100
40 21
100 127
800 788
32 23
250 225
200 214
150 89
250 225
11,598 11,598
27,881 27,348
493,616 $.500,735
$ 381
(35)
(432)
(3,742)
(147)
292
(291)
(7)
(83)
(2, 891)
(2,891)
(18)
860
(419)
19
(27)
12
9
25
(14)
61
25
533
$(7,119)
EXHIBIT B-3
24
CITY OF EULESS, TEXAS
DEBT SERVICE FUND
BALANCE SHEET
September 30, 1969
ASSETS
Cash in bank
Certificates of deposit
Taxes receivable
RESERVES
Reserve for uncollected taxes
Reserve for retirement of general
long-term debt (Exhibit C-1)
EXHIBIT C
ANALYSIS OF CHANGES IN RESERVE
FOR RETIREMENT OF GENERAL LONG-TERM DEBT
Year ended September 30, 1969
Balance at beginning of year
Add excess of revenues over
expenditures (Exhibit C-2)
$ 132
24,000
8,754
$32,886
$ 8,754
24,132
$32,886
$22 , 376
1,756
Balance at end of year $24,132
EXHIBIT C-1
25
CITY OF EULESS, TEXAS
DEBT SERVICE FUND
STATEMENT OF REVENUES AND EXPENDITURES
Year ended September 30, 1969
Revenues:
General property taxes and penalty
and interest collected
Expenditures:
Interest on bonds
Matured bonds
$89 , 078
20,000
$110,834
109,078
Excess of revenues over expenditures $ 1.756
EXHIBIT C-2
26
ASSETS
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
BALANCE SHEET
September 30, 1969
Improvement
and Park and
Drainage Recreation
Total Fund Fund
Cash $ 60,293
Certificates of deposit 150,000
Assessments receivable 42,424
RESERVES AND
APPROPRIATIONS
Reserve for uncollected
assessments
Appropriations:
Unencumbered fund balance
$252,717
$ 60,293 $ -
50,000 100,000
42,424
$152,717 $100,000
$ 42,424 $ 42,424 $ -
210,293 110,293
100,000
$252,717 $152,717 $100,000
EXHIBIT D
27
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1969
Cash balance at beginning
of year
Receipts:
Paving assessments
Transfer from other funds
Disbursements:
Capital outlay
Transfers to other funds
Cash balance at end of year
Total
Street
Improvement
and
Drainage
Fund
$300,000 $200,000
19,735
12,493
32,228
115,391
6,544
121,935
$210, 293
19,735
12,493
32,228
115,391
6,544
121,935
Park and
Recreation
Fund
$100,000
$110,293 $100,000
EXHIBIT D-1
28
CITY OF EULESS, TEXAS
CAPITAL PROJECTS FUNDS
STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS
September 30, 1969
Amount appropriated:
From:
Bonds sold
Paving assessments
Other participation
Less expenditures:
Of prior fiscal periods
Of this period
Unexpended balance
Total
$1,480,000
102,032
50,852
1,632,884
1,300,656
121,935
1,422,591
$ 210,293
Street
Improvement
and
Drainage
Fund
$1,130,000
102,032
50,782
1,282,814
1,050,586
121,935
Park and
Recreation
Fund
$350,000
70
350,070
250,070
1,172,521 250,070
$ 110,293 $100,000
EXHIBIT D-2
29
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
BALANCE SHEET
September 30, 1969
EXHIBIT E
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
BALANCE SHEET
September 30, 1969
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
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
$ 26,244
371
16,644
118,698
692
49,878
4,034
1,087,044
15,830
20,970
110,122
4,561,962
4,693,054
407,004
$ 94,104
109,141
25,873
4,923
234,041
27,153
135, 342
50,570
1,106,908
50,745
27,473
1,398,191
Total utility plant in service 4,286,050
$5,918,282
30
LIABILITIES, RESERVES, CONTRIBUTIONS
AND RETAINED EARNINGS
Current liabilities (payable from
restricted assets):
Customer deposits
Accrued revenue bond interest payable
Total current liabilities
$ 50,745
46,450
97,195
Other liabilities:
Revenue bonds payable (Note 1) 4,915,000
Total liabilities 5,012,195
Reserves:
Reserve for revenue bond debt service,
next maturing
Reserve for revenue bond retirement
Reserve for contingency
Reserve for title defects, easements, etc.
Total reserves
Contributions from subdividers
Retained earnings (Exhibit E-1)
See accompanying notes.
$ 27,153
135,342
50,570
10,000
223,065
660,227
22,795
$5,918,282
EXHIBIT E
31
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
ANALYSIS OF CHANGES IN RETAINED EARNINGS (DEFICIT)
Year ended September 30, 1969
Retained earnings (deficit) at beginning
of year (Note 2) $(152,887)
Add:
Net income (Exhibit E-2)
Decrease in reserve for revenue bond
debt service - next maturing
Deduct:
Increase in reserve for revenue bond
retirement
Increase in reserve for contingency
$240,266
18,472 258,738
69,339
13,717
Total deductions 83,056
Retained earnings at end of year $ 22,795
See accompanying notes.
EXHIBIT E-1
32
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
STATEMENT OF REVENUES AND EXPENSES - ACTUAL AND BUDGETED
Year ended September 30, 1969
Operating revenues:
Water sales
Sewer sales
Water and sewer tap fees
Miscellaneous operating revenues
Operating expenses excluding
depreciation (Exhibit E -4)
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
$480,000
155,000
15, 300
5,000
655,300
205,905
449,395
2,500
451,895
135,000
316,895
261,600
14, 304
275,904
40,991
See accompanying notes.
Actual
$440,881
148,035
40,044
1,503
630,463
182,754
447,709
100,265
547,974
134,076
413,898
259,798
14, 304
274,102
139,796
100,470
$240,266
Actual
(over)
under
$ 39,119
6,965
(24,744)
3,497
24,837
23,151
1,686
(97,765)
(96,079)
924
(97,003)
1, 802
1,802
$(98,805)
EXHIBIT E -2
33
CITY OF EULESS, TEXAS
NOTES TO WATER AND SEWER ENTERPRISE FUND FINANCIAL STATEMENTS
September 30, 1969
1. Property sale proceeds accounts
As authorized by its voters, and in conformity with the
covenants in its Revenue Bonds, 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 for a price of
$1,875,608. 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 requirement
on the amount of bonds then outstanding.
On September 15, 1969, $885,000 of the Revenue Bonds
were retired by advertised tender with proceeds from the above
noted sale.
2 Retained earnings (deficit) at beginning of year
In connection with the sale of approximately 30% of the
water and sewer system and the prior redemption of $885,000 of
the Revenue Bonds, the City has changed its method of accounting
for interest income and expense within the Water and Sewer Fund
from the cash to the accrual method. To give effect to the change
in accounting for these items, retained earnings (deficit) at the
beginning of the year has been restated from a deficit balance of
$98,077 to a deficit balance of $152,887.
34
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL
Year ended September 30, 1969
General and administrative:
Supervision
Clerical
Employee benefits
Longevity
Property and liability insurance
Office supplies
Postage
Legal fees
Audit fees
Maintenance - machinery and tools
Engineer fees
Communications
Advertising
Travel and miscellaneous
Bad debts
Water production:
Supervision
Labor operation
Labor maintenance
Employee benefits
Overtime
Wearing apparel
Motor fuel
Minor apparatus
Mechanical supplies
Maintenance - machinery and tools
Maintenance - motor vehicles
Maintenance - signal system
Water
Electricity
Miscellaneous
Budget
Actual
(over)
Actual under
$ 10,650 $ 8,755
17,280 14,633
2,345 1,897
216 297
4,500 3,527
1,800 1,795
4,500 3,171
1,200 1,251
1,000 1,320
200 146
3,000 892
1,800 1,967
117
250 1,118
879
48,741 41,765
2,640 2,688
1,888
9,480 6,744
1,356 850
1,200 958
500 324
1,200 706
200 112
100
2,500 98
250 300
200 290
600 1,949
38,500 48,926
2,250
62,864 63,945
$ 1,895
2,647
448
(81)
973
5
1, 329
(51)
(320)
54
2,108
(167)
(117)
(868)
(879)
6,976
(48)
1,888
2,736
506
242
176
494
88
100
2,402
(50)
(90)
(1,349)
(10,426)
2,250
(1,081)
EXHIBIT E-3
35
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL
Year ended September 30, 1969
(Continued)
Budget
(over)
Budget Actual under
Water distribution:
Supervision $ 2,640 $ 2,688 $ (48)
Labor operation 1,888 1,888
Labor - maintenance 24,240 18,602 5,638
Employee benefits 2,886 1,859 1,027
Overtime 1,400 2,956 (1,556)
Wearing apparel 750 541 209
Motor fuel 1,500 1,455 45
Minor apparatus 1,000 926 74
Chemicals 500 227 273
Franchise tax - City of Bedford 3,600 2,916 684
Maintenance - machinery 1,200 1,310 (110)
Maintenance - motor vehicles 1,000 1,258 (258)
Maintenance - water mains 3,000 2,230 770
Maintenance - water meters 4,800 4,851 (51)
Maintenance - signal system and
other 700 644 56
Service connections 500 56 444
Fire hydrants 500 500
Hire of equipment 150 8 142
Special services - janitorial
supplies 100 25 75
Travel and subscriptions 310 347 (37)
52,664 42,899 9,765
Sewer collection and treatment:
Supervision 2,640 2,688 (48)
Labor - maintenance 15,120 8,516 6,604
Labor operations 1,888 1,440 448
Overtime 1,700 2,032 (332)
Employee benefits 1,888 1,075 813
Wearing apparel 350 188 162
Motor fuel 500 434 66
Minor apparatus 660 580 80
Chemicals 1,800 1,956 (156)
Medical supplies 200 104 96
EXHIBIT E -3
36
CITY OF EULESS, TEXAS
WATER AND SEWER ENTERPRISE FUND
SCHEDULE OF OPERATING EXPENSES - BUDGETED AND ACTUAL
Year ended September 30, 1969
(Continued)
Sewer collection and treatment:
(continued)
Franchise tax - City of Bedford
Maintenance - sanitary sewers
Maintenance - machinery
Maintenance - motor vehicles
Hire of equipment
Sewer treatment charges by other
systems
Electric
Total operating expenses
Budget
(over)
Budget Actual under
$ 1,000
3,500
3,600
700
90
2,500
3,500 4,331
41,636 34,145 7,491
$205,905 1182,754 $23,151
$ 770
752
7,677
426
606
$ 230
2,748
(4,077)
274
(516)
570 1,930
(831)
EXHIBIT E-3
37
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
BALANCE SHEET
September 30, 1969
ASSETS
Cash in bank
Certificates of deposit
LIABILITIES, RESERVES
AND FUND BALANCE
Payroll taxes payable
Reserve for escrow deposits:
Water and Sewer Enterprise Fund
Bear Creek Project
General
Fund balance
Total
$ 37,092
351,406
$388,498
Social
Security
Fund
$ 12,096
$ 12,096
Escrow
Fund
$ 24,996
351,406
$376,402
$ 9,936 $ 9,936 $
4,923
301,406
70,073
2,160
2,160
4,923
301,406
70,073
$388,498 $ 12,096 $376,402
EXHIBIT F
38
CITY OF EULESS, TEXAS
TRUST AND AGENCY FUNDS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
Year ended September 30, 1969
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
Social
Security
Total Fund
$ 90,974 $ 20,115
133,003
638,544
771,547
133,003
133,003
141,022 141,022
333,001
Escrow
Fund
$ 70,859
638,544
638,544
333,001
474,023 141,022 333,001
$388,498 $ 12,096 $376,402
EXHIBIT F-1
39
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL FIXED ASSETS
September 30, 1969
General fixed assets:
Buildings
Improvements other than buildings
Machinery and equipment
Investment in general fixed assets:
From general bonds
From current revenues and assessments
$ 969,250
1,410,948
154,307
$2,534,505
$2,049,325
485,180
$2,534,505
EXHIBIT G
40
CITY OF EULESS, TEXAS
STATEMENT OF CHANGES IN GENERAL FIXED ASSETS
BY SOURCE
Balance at beginning
of year
Year ended September 30, 1969
Improvements Machinery
other than and
Total Buildings buildings equipment
$2,401,191 $967,719 $1,285,320 $148,152
Add:
Expenditures from
assessments and
other special
funds 119,325 119,325
Expenditures from
current revenues 13,989 1,531 6,303 6,155
Balance at end
of year $2,534,505 $969,250 $1,410,948 $154,307
EXHIBIT G-1
41
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, 1969
Total
$ 274,306
1,170,093
168,750
140,819
489,010
291,527
$2,534,505
Buildings
$237,279
154,525
92,241
235,361
249,844
$969,250
Improvements
other than
buildings
$ 1,146,216
238, 316
26,416
$1,410,948
Machinery
and
equipment
$ 37,027
23,877
14,225
48,578
15,333
15,267
$154,307
EXHIBIT G-2
42
CITY OF EULESS, TEXAS
STATEMENT OF GENERAL LONG-TERM DEBT
September 30, 1969
Amount available and to be provided for the
payment of general long-term debt:
Serial bond principal:
Amount available in Debt Service Fund
(Exhibit D)
To be provided in future years
Total available and to be provided
GENERAL LONG-TERM DEBT PAYABLE
$ 24,132
2,105,868
$2,130,000
Serial bonds payable in future years (Table V) $2,130,000
EXHIBIT H
STATISTICAL DATA
43
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- 1-59 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
10- 1-68 9-30-69 48,914,070 415,770 402,888
44
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
77.98%
77.70
71.04
99.15
96.47
93.87
99.25
94.95
96.53
96.90
$ 1,981 $ 26,305 84.33%
3,668 37,560 86.11
5,519 57,340 78.61
6,466 100,928 105.94
3,120 138,040 98.70
2,503 243,700 94.85
1,410 302,019 99.72
5,767 309,952 96.71
14,398 383,742 100.30
7,432 410,320 98.69
TABLE I
45
Tax roll
dates
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
10- 1-69
Tax roll
dates
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
$ .50
. 50
.70
.70
. 70
1.00
1.00
. 77
.85
. 85
.85
Fiscal
period
1-30-60
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
CITY OF EULESS, TEXAS
TAX RATES AND TAX LEVIES
Last ten fiscal years
TAX RATES
School
$1.36
1.36
1.36
1.36
1.36
1.36
1.36
1.45
1.45
1.45
1.69
TAX LEVIES
(Estimated)
City
$ 31,190
43,618
72,942
95,267
139,847
256,937
302,856
320, 348
382,592
415, 784
County
$ .77
.79
.82
.82
.82
.82
.82
.82
.82
.82
.82
State
$ .42
.42
.42
.42
.42
.42
.42
.42
.42
.42
.42
Total
$3.05
3.07
3.30
3.30
3.30
3.60
3.60
3.46
3.54
3.54
3.78
County
and
School State Total
$ 84,836 $ 46,410 $ 162,436
118,640 64,903 227,161
141,716 77,527 292,185
185,090 101,255 381,612
271,825 148,704 560,376
349,434 318,601 924,972
411,884 375,541 1,090,281
603,248 515,881 1,439,477
652,625 558,125 1,593,342
775,056 715,426 1,906,266
TABLE II
46
Fiscal
period
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
9 -30 -69
CITY OF EULESS, TEXAS
REVENUES - OTHER THAN PROPERTY TAXES
Last ten fiscal years
Taxes
(other
than
property
taxes)
$ 6,562
9,428
12, 694
18,629
26,674
33,207
36,045
34, 349
44,502
53,317
Licenses
and
permits
$ 3,788
11,322
14,479
20,275
21,447
14, 589
9,448
13,170
27,833
30,642
Fines
County
fire
program Library Other
$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
46,025 2,000
2, 558
2,555
2,518
6,805
5,206
7,915
$ 595
595
799
1,711
2,086
31,209
19,002
26,045
43,409
55,920
TABLE III
47
Fiscal
period
ended
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
9-30-69
CITY OF EULESS, TEXAS
EXPENDITURES FOR SELECTED FUNCTIONS
Last ten fiscal years
General Law Fire Public Parks and
government enforcement department works recreation Library
$18,187
24,560
30,406
45,797
68,231
81,923
73,664
87,735
40,699*
29,826
$ 34,702
43,350
38,075
65,494
76,123
97,958
105,859
129,954
155,890
189,578
$ 523 $
300
2,037
3,278
3,427
23,218
30, 337
29,850
33,878
43,450
- $
15, 396
31,790
42,659
67,436
54,691
83,077
89,367
* Beginning in 1968 certain expenditures classified
as non -departmental and previously reported under
"general government" have been allocated or charged
directly to the several functions listed above.
11,272
19,610
44, 378
61,081
79,141
113,482
14,092
18,808
21,382
33,285
35,032
TABLE IV
48
CITY OF EULESS, TEXAS
GENERAL OBLIGATION BONDS OTHER THAN WATER
AND SEWER REVENUE DEBT SERVICE CHARGES
Bonds Requirements
Fiscal outstanding Principal Interest
Total
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
$2,130,000
$2,271,697 $4,401,697
TABLE V
49
CITY OF EULESS, TEXAS
REVENUE WATER AND SEWER BONDS
DEBT SERVICE CHARGES
Bonds Requirements
Fiscal outstanding Principal Interest
1970 $4,915,000 $
1971 4,915,000
1972 4,915,000
1973 4,845,000
1974 4,760,000
1975 4,670,000
1976 4,580,000
1977 4,485,000
1978 4,385,000
1979 4,280,000
1980 4,170,000
1981 4,055,000
1982 3,935,000
1983 3,810,000
1984 3,680,000
1985 3,545,000
1986 3,405,000
1987 3,255,000
1988 3,100,000
1989 2,940,000
1990 2,770,000
1991 2,645,000
1992 2,510,000
1993 2,390,000
1994 2,265,000
1995 2,135,000
1996 2,000,000
1997 1,855,000
1998 1,705,000
1999 1,550,000
2000 1,390,000
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
125,000
135,000
120,000
125,000
130,000
135,000
145,000
150,000
155,000
160,000
170,000
285,000
300,000
310,000
325,000
$4,915,000
$ 221,175
221,175
221,175
221,175
218,025
214,200
210,150
206,100
201,825
197, 325
192,600
187,650
182,475
177,075
171,450
165,600
159, 525
153,225
146,475
139,500
132,300
124,650
119,025
112,950
107,550
101,925
96,075
90,000
83,475
76,725
69,750
62,550
54,900
42,075
28,575
14,625
Total
$ 221,175
221,175
221,175
291,175
303,025
304,200
300,150
301,100
301,825
302,325
302,600
302,650
302,475
302,075
301,450
300,600
299, 525
303,225
301,475
299,500
302,300
249,650
254,025
232,950
232,550
231,925
231,075
235,000
233,475
231,725
229,750
232,550
339,900
342,075
338,575
339,625
$5,125,050 $10,040,050
TABLE VI
50
CITY OF EULESS, TEXAS
INSURANCE IN FORCE
September 30, 1969
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 9-28-72 1 429,170
Fire station #1 9-10-71 6 30,000
Fire station #2, building and
contents 9- 3-70 1 72,000
Library books and furnishings 12- 1-70 1 210,000
Vandalism and malicious mischief:
Scheduled water and sewer property 9-30-70 1 576,800
City offices and community center 9-28-72 1 429,170
Fire station #2 9- 3-70 1 72,000
Comprehensive glass breakage:
City offices and cummunity center 9-28-70 5 Scheduled
Vehicle liability - all vehicles:
Bodily injury 9-14-70 2 10/20,000
Property damage 10,000
Amusement liability 6- 9-70 4 50/100,000
Manufacturers' and contractors'
liability - water and sewer
operation:
Bodily injury 9- 3-70 5 100/300,000
Property damage 100,000
Vehicle - fire and theft, extended
coverage and $100 deductible
collision 9-14-70 2 ACV
Public employees blanket bond:
Specific employees 2- 6-70 4 7,500
All other employees 2,500
Accident:
Volunteer fire department 8-25-70 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 Universal 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
51
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 (Council - Manager)
Mayor - elected at large
Five councilmen
Area 15.8 square miles
Building permits:
Permits issued
year ended September 30, 1969 267 permits
Estimated cost $10,786,697
Fire protection:
Number of stations 2
Number of employees 5 full time
18 volunteer
(Second station built by Euless, in the City of Euless
fire fighting apparatus furnished and manned by Fort Worth)
Police protection:
Number of stations 1
Number of employees 24 full time
10 reserve officers
Education:
Number of school campuses
Number of teachers
Number of students
Average daily attendance:
Elementary school
Secondary school
8
290
6,707
2,925.38
3,526.71
Library volumes 19,686
Street lights
162 - 189 watt incandescent
88 - 295 watt incandescent
53 - 450 watt mercury vapor
TABLE VIII
52
Parks:
Number
Total acres
(Plus joint
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
(Continued)
3
45.14
City -School use by contract on school campuses.)
Employees:
Legislative, executive,
administrative and finance
Legal and Corporation Court
Library
Police Department
Animal Control
Fire Department
School Crossing Guards
Inspection
Street and Drainage
Civic Center maintenance
Recreation, park and pool
Community Building
Water
Total
Population:
1950 census
1960 census
1964 census
1965 census
1966 census
1967 census
1968 census
1969 census
(estimated)
(estimated)
(estimated)
(estimated)
(estimated)
(estimated)
Streets (no alleys):
Paved (including county roads)
Unpaved
State highway
2 full time
1 part time
1 full time
4 full time
2 part time
24 full time
1 full time
1 part time
5 full time
7 part time
3 full time
7 full time
3 full time
3 full time
36 part time
1 full time
4 part time
12 full time
1 part time
66 full time
52 part time
300
4,236
14,000
14, 500
15,000
16,500
17,500
18,500
70.57 miles
0.30 miles
14.20 miles
TABLE VIII
53
CITY OF EULESS, TEXAS
MISCELLANEOUS STATISTICAL FACTS
(Continued)
Municipal water plant:
Number of consumers (9-30-69) 5,610
Maximum daily consumption (estimated) 4.10 million gallons per day
Average daily consumption (estimated) 1.75 million gallons per day
Plant capacity (estimated) 4.33 million gallons per day
Miles of water mains 96
Number of fire hydrants 305
Miles of sewer mains 92
Water and Sewer Revenue Bonds -
Series 1965 and Series 1967 -
Coverage:
Water and Sewer Revenue Funds
income available for debt
service (Exhibit E-2) $547,974
Less adjustments for income
on assets no longer
available:
Utility plant sold 28,200
Investments used to retire
debt 31,700
59,900
Adjusted income available for
debt service $488,074
Average annual debt service
requirements $278,890
Coverage 1.75 times
TABLE VIII
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