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FY 2005-2006 -- Comprehensive Annual Financial ReportHEART OF THE RESEARCH VALLEY FOR FISCAL Y EAR ENDED SEPTEMBER 30, 2006 CITY OF COLLEGE STATION , TEXAS the heart of the Research Valley Mission Statement On behalf of the citizens of College Station, home of Texas A&M University, we will promote and advance the community's quality of life. www.cstx.gov CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2006 PREPARED BY THE CITY OF COLLEGE STATION FISCAL SERVICES DEPARTMENT JEFF KERSTEN, CHIEF FINANCIAL OFFICER PHILLIP GUILLEN, ASSISTANT DIRECTOR OF FISCAL SERVICES CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2006 Table of Contents Page i INTRODUCTORY SECTION Letter of Transmittal ................................................................................................................................vi GFOA Certificate of Achievement for Excellence in Financial Reporting.............................................xiii Organizational Chart.............................................................................................................................xiv Principal City Officials ............................................................................................................................xv FINANCIAL SECTION Independent Auditors' Report .................................................................................................................1 Management’s Discussion and Analysis (Unaudited).............................................................................3 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Assets..........................................................................................................23 Statement of Activities.............................................................................................................24 Fund Financial Statements: Balance Sheet – Governmental Funds ...................................................................................26 Reconciliation of Governmental Funds Balance Sheet to the Statement of Net Assets................................................................................................27 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds...............................................................................28 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities...............................29 Statement of Net Assets – Proprietary Funds.........................................................................30 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds .................................................................................32 Statement of Cash Flows – Proprietary Funds .......................................................................34 Notes to the Financial Statements.................................................................................................37 Required Supplementary Information: Schedule of Funding Progress – Texas Municipal Retirement System ........................................69 CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2006 Table of Contents Page ii Schedule of Revenues, Expenditures, and Changes in Fund Balances, Budget and Actual (Budgetary Basis) – General Fund.................................................70 Adjustments to General Fund Revenues and Expenditures To Reconcile From Budget Basis to GAAP Basis...............................................................................71 Supplementary Information: Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Nonmajor Governmental Funds................................................74 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds..............................................................78 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual (Budgetary Basis): Debt Service......................................................................................................................82 Adjustments to Debt Service Fund Revenues To Reconcile from Budget Basis to GAAP Basis...................................................................83 Special Revenue Funds: Community Development ..........................................................................................84 Convention Center......................................................................................................85 Hotel Tax ....................................................................................................................86 Parks Escrow..............................................................................................................87 Wolf Pen Creek Tax Increment Financing District .....................................................88 Adjustments to Special Revenue Fund Revenues and Expenditures to Reconcile from Budget Basis to GAAP Basis.........................................89 Capital Projects Funds: Business Park.............................................................................................................90 Drainage Projects.......................................................................................................91 General Government Projects....................................................................................92 Parks Projects ............................................................................................................93 Streets Projects..........................................................................................................94 CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2006 Table of Contents Page iii Adjustments to Capital Projects Fund Revenues and Expenditures to Reconcile from Budget Basis to GAAP Basis.........................................95 Nonmajor Enterprise Funds: Combining Statement of Net Assets ..........................................................................98 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets .....................................................................................................99 Combining Statement of Cash Flows.......................................................................100 Internal Service Funds: Combining Statement of Net Assets ........................................................................102 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets...................................................................................................104 Combining Statement of Cash Flows.......................................................................106 Capital Assets Used in the Operation of Governmental Funds: Schedule by Source .................................................................................................111 Schedule by Function and Activity ...........................................................................112 Schedule of Changes by Function and Activity........................................................114 STATISTICAL SECTION Net Assets by Component ..................................................................................................................117 Changes in Net Assets........................................................................................................................118 Program Revenues by Function/Program...........................................................................................120 Fund Balances, Governmental Funds ................................................................................................121 Changes in Fund Balances, Governmental Funds.............................................................................122 Tax Revenue by Source, Governmental Funds ..................................................................................124 Assessed Value and Estimated Actual Value of Taxable Property ....................................................125 Direct and Overlapping Property Tax Rates.......................................................................................126 Principal Property Taxpayers..............................................................................................................127 CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2006 Table of Contents Page iv Property Tax Levies and Collections ..................................................................................................128 Taxable Sales by Category.................................................................................................................129 Direct and Overlapping Sales Tax Rates............................................................................................130 Sales Tax Revenue Payers by Industry..............................................................................................131 Ratios of Outstanding Debt by Type...................................................................................................132 Ratios of Net General Bonded Debt Outstanding...............................................................................133 Direct and Overlapping Governmental Activities Debt........................................................................134 Legal Debt Margin Information............................................................................................................135 Pledged-Revenue Coverage...............................................................................................................136 Demographic and Economic Statistics ...............................................................................................137 Principal Employers ............................................................................................................................138 Full-Time-Equivalent City Government Employees by Function/Program .........................................139 Operating Indicators by Function/Program.........................................................................................140 Capital Asset Statistics by Function/Program.....................................................................................142 v vi March 14, 2007 Honorable Mayor, Members of the City Council, and Citizens of the City of College Station, Texas The City Manager and the Fiscal Services Department are pleased to submit the Comprehensive Annual Financial Report for the City of College Station, Texas (the "City") for the fiscal year ended September 30, 2006. This report is published to provide to the City Council, City staff, our citizens, our bondholders and other interested parties detailed information concerning the financial condition of the City government. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the data is accurate in all material aspects and is organized in a manner designed to fairly present the financial position and results of operations of the City as measured by the financial activity of its various funds. We also believe that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial affairs have been included. The Local Government Code, Section 103.001 (a) states: "A municipality shall have its records and accounts audited annually and shall have an annual financial statement prepared based on the audit." Likewise the Fiscal and Budgetary Policy Statements adopted annually by the City Council as a part of the City's Approved Budget include a requirement that the City shall annually have an audit performed by an outside, independent auditor. The City has complied with this requirement, and the Independent Auditors' Report has been included in this report. THE REPORT This report is comprised of three sections: Introductory, Financial and Statistical. The Introductory Section includes this transmittal letter, a listing of the principal City officials, and an organizational chart of the City. The Financial Section contains the Independent Auditors' Report on the basic financial statements, Management's Discussion and Analysis ("MD&A"), the basic financial statements with related notes, and combining and individual fund statements and schedules. The MD&A is a narrative introduction, overview, and analysis to accompany the basic financial statements. This letter of transmittal is designed to complement the MD&A and should be read in conjunction therewith. The City of College Station's MD&A may be found immediately following the Independent Auditors' Report. The Statistical Section provides financial and demographic information, usually presented on a multi-year basis, that is relevant to a financial statement reader. The Financial section described above is prepared in accordance with generally accepted accounting principles for governments as prescribed by the Governmental Accounting Standards Board ("GASB") and other professional associations, as applicable. CITY PROFILE Location The City of College Station, incorporated in 1938, is located in Brazos County in East Central Texas, approximately 140 miles north of the Gulf of Mexico, approximately 90 miles northwest of Houston, approximately 165 miles south of Dallas and approximately 100 miles east of Austin, in an area referred to as the Brazos Valley. The City currently has a land area of 47.2 square miles and a current estimated population of 83,947 as of September 2006. The City has the power, by state statute, to extend its corporate limits by annexation, which it has done periodically. Structure The City of College Station is a home rule municipality and utilizes a Council-Manager form of government organized under the Constitution and laws of the State of Texas. The City Council is composed of a mayor and six council members elected at large. The City Council appoints the City Manager, City Attorney, City Secretary, Municipal Court Judge and Internal Auditor. Almost all other City staff work under the direction of the City Manager. The Reporting Entity and Services Provided This report includes all government activities, organizations and functions for which the City is financially accountable as defined by the GASB. Based on these criteria, no other governmental organizations are included in the report. For additional information on the reporting entity, refer to Note I-A in the basic financial statements. The City provides a full range of municipal services as prescribed by statute or charter. These services include police, fire and emergency medical services, parks and recreational facilities, library services, street maintenance and construction, public improvements, general administrative services and electrical, water, sewer, and sanitation systems. Internal services of the City accounted for on a cost reimbursement basis are print/mail, risk management, employee health and disability, equipment replacement, fleet management, and communications. Accounting System and Budgetary Control The City's accounting records for general governmental operations are maintained on a modified accrual basis, with the revenues recorded when available and measurable, and expenditures recorded when the services or goods are received and the liabilities incurred. Accounting records for the City's utilities and other proprietary activities are maintained on a full accrual basis with revenues recorded when earned and expenses recorded as goods or services are provided to the user. In developing and maintaining the City's accounting system, consideration is given to the adequacy of the internal control structure. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition, and (2) the reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that the cost of a control vii should not exceed the benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgments by management. All internal accounting control evaluations occur within the above framework. We believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. The annual budget serves as the foundation for the City's financial planning and control. The City Charter provides that the City Manager will submit a proposed budget to the City Council between 30 and 90 days prior to the end of the fiscal year. The City's budget is prepared by function, fund and department. The City Council is required to hold a public hearing on the proposed budget and to adopt a budget no later than the 27th day of the last month of the fiscal year. The City's fiscal year begins on October 1 and ends on September 30. Controls of budgetary spending are at the department level within the City's General Fund and at the individual fund appropriation in all other funds. The City Council must authorize transfers between General Fund departments and all increases in total spending in any fund. The City's departments have direct access to review budgets as often as necessary. Monthly closing reports are prepared and reviewed by management showing revenues, expenditures, and balance sheets. Summarized financial reports and budget reports are provided to the City Council on a quarterly basis. FACTORS AFFECTING FINANCIAL CONDITION Economic Conditions College Station has continued to grow in the last year. The concentration of stable and even-growing employment sectors such as government, higher education and health care contribute to the steady growth that College Station has experienced over the last several years. This growth provides some of the additional resources needed to maintain service levels to the citizens and visitors of College Station. In 2005, the Bureau of Labor Statistics (BLS) significantly altered the methodology used to calculate unemployment. The new calculation method resulted in just over a one percent increase in the unemployment figure for College Station. In prior years, the unemployment rate was in the 1.6 percent to 2.6 percent range. As a result of the BLS change, the unemployment rate for fiscal year 2006 as of October was approximately 3.4 percent. In 2006, state sales tax revenues were up by 13.6 percent. Sales tax collections in College Station saw growth in fiscal year 2006 as well. This is consistent with growth in sales tax receipts the City has experienced over the last several years. In fiscal year 2006, sales taxes were up by 8.5 percent over fiscal year 2005 to $16,752,174. College Station continues to see growth in housing and commercial development. There were 630 new housing starts during 2006, which is higher than in 2005 by 13.9 percent. Total ad valorem assessed valuation increased by approximately $354 million or approximately 10.8 percent for fiscal year 2006 over fiscal year 2005. Commercial development continued to be strong with both new and redevelopment. Several new commercial businesses opened in College Station in 2006, and several new hotels were under construction and opened in 2006. Once again, the University Drive corridor had a significant amount of new business and increased traffic. One major asset of the City of College Station is that it is the home of Texas A & M University (TAMU). TAMU is located on an approximately 5,200 acre campus within the City. TAMU has a significant economic impact on the City, contributing over a billion dollars annually to the local economy. TAMU has viii consistently ranked among the top 50 universities in the United States. Each year, TAMU's approximately 2,500 faculty members conduct an estimated $450 million worth of sponsored research projects. The $5.64 billion endowment ranked TAMU tenth in the nation for fiscal year 2006. Student enrollment at TAMU was 45,370 as of September 2006. TAMU employs more than 20,000 full-time and part-time staff. Major Initiatives In 2006, numerous capital improvement initiatives were undertaken by the City. Projects currently underway in the Wolf Pen Creek District include additions to the Wolf Pen Creek Amphitheater and the design of a water feature. These projects are being paid for from the Wolf Pen Creek Tax Increment Financing District fund, and are designed to help spur additional development in this growing corridor. In 2006, construction began on the second phase of Veterans Park. This project includes the addition of three soccer fields, three softball fields, a pavilion and a concession area. Construction continued in 2006 on a zero-depth splash park that is being installed at the Lincoln Center. In 2006, parks projects completed included Steeplechase Park; the installation of a basketball court, cover and iron fence at Lion’s Park; and various park upgrades such as the installation of lighting, landscaping, benches, sidewalks, drinking fountains, and shade covers. In addition, the City continues to upgrade and replace infrastructure within its parks system. Street projects completed in 2006 included the realignment of Greens Prairie Road with Arrington Road to connect with Highway 40. This project also included left turn lanes in front of Forest Ridge Elementary School. Other street projects completed in 2006 included the extension of Central Park Lane. This project provided the final connection between Southwest Parkway and Krenek Tap Road. In 2006, the design of the Arrington/Decatur street extension project began. This project will improve north-south traffic flow on the west side of Highway 6 by providing a connection from Highway 40 to Barron Road. Continuing street projects include improvements on Barron Road and the Rock Prairie Road Widening project. Traffic projects completed in 2006 included the Lincoln Avenue traffic striping. Signal projects currently underway include signals at Harvey Mitchell Parkway and Luther, Harvey Mitchell Parkway and Holleman and FM2818 and F&B Road. Hike and bike trail projects underway in 2006 included sidewalk improvements on George Bush Drive and on University Drive and the design of pedestrian and roadway improvements on University Drive. The Brison Park bike and pedestrian trails project was completed in 2006, which provided for the installation of a bike and pedestrian path through the Old Jersey Street right- of-way adjacent to Brison Park. Electric utility projects completed in 2006 included the Brazos Electric Cooperative Transmission Tie to College Station Utilities. This project involved the construction of transmission lines and the re-build of College Station Switch Station. Other projects completed by the Electric Department in 2006 included various system overhead, underground and street lighting improvements. These improvements were designed to increase system reliability and meet customer requirements. Projects underway in 2006 included the design, material acquisition, transmission line construction and site preparation for Spring Creek Substation. This substation will provide additional power capacity for customers on the south side of the City. In the water and wastewater utilities, work continued on a number of capital projects. Two new shallow wells were completed in 2006 to help ensure water production meets peak usage demands. Emergency electric generators were installed at Well 5, Well 6, Sandy Point Pump Station, Dowling Road Pump Station and the Carter Creek Wastewater Treatment Plant to provide power in the event of a primary electric service outage. In 2006, work continued to relocate the City water lines in conjunction with the widening of Wellborn Road by TxDOT. Work also continued on the construction of a parallel water transmission line along FM2818 from Hwy 21 south to Villa Maria Road. The additional system capacity is required to support the Northgate area and to provide water service to the annexed area west of FM2818 along FM60. Water and wastewater plant security upgrades continued in 2006 and odor control and sludge processing improvements continued at the Wastewater Treatment Plant. In addition, numerous water and wastewater line rehabilitation and replacement projects were ongoing in 2006. ix Fire Station #5 located on Greens Prairie Road in the southern part of College Station was completed in 2006. This station will provide fire protection in the growing southern part of the City. Other facility projects included work on the design of renovations for the Police Station. Also underway in 2006 were the conceptual designs for a new Senior Center and the Master Plan design of a new Municipal Cemetery. Technology is an ongoing area of advancement for the City. Projects completed in 2006 included the Public Safety System. The Computer Aided Dispatch, Police Reporting, EMS and Fire Reporting were replaced as part of this project. Other technology projects completed in 2006 include the PBX (phone system) replacement and the Police Field Reporting project. The Police Field Reporting project allows police officers to fill out report forms electronically in the field. The reports can then be downloaded into the police records management system. Ongoing projects include the Radio System Replacement project, which provides funds for the replacement of the City's 800 MHz radio system. Capital Planning The citizens of the City approved general obligation bond proposals totaling approximately $38.4 million in November 2003. The third portion of this bond authorization, totaling $7,375,000, was issued in 2006. It is anticipated that various street, traffic safety, public buildings, parks and fire station projects funded by these bonds will be built over the next five years. The City has gone to the voters three times in the last twelve years with successful general obligation bond proposals. Key projects planned include street and traffic improvements, public safety facility improvements and park expansions. Upcoming street and traffic improvements include street rehabilitation in the Northgate area, the design of and right-of-way acquisition for Rock Prairie Road East widening, improvements to Barron Road and the construction of a number of new traffic signals. Public safety facility improvements include the relocation of Fire Station #3 and renovations to the existing Police Station. Future park expansion projects include the construction of the second phase of Veterans Park and the construction of a new Forestry Shop. The construction of the second phase of Veterans Park began in 2006, and it is anticipated construction will be completed in 2007. It is projected that the City will be able to make these improvements without increasing the ad valorem tax rate for the capital portion of these projects. Planning in the electric, water, wastewater and drainage utilities provides for an anticipated investment of $145 million over the next five years. The electric funds will be used to provide electric line extensions, transmission enhancements, substations, new customer connections, and replacements of existing facilities. The water utility will continue to replace lines in older neighborhoods, add new transmission and distribution lines, provide for a looped system, add new shallow wells, and continue a project to add transmission capacity from the well field to the City. Wastewater projects include sewer outfall lines, line extensions for annexed areas and new services, and treatment plant improvements. Drainage funds will be used for improvements that allow the City to maintain adequate storm carrying capacity of the drainage system. Some rate increases are anticipated for the utilities over the next five years to keep up with the additional capital requirements. Cash Management The City awards its depository contract through official bidding procedures for a two-year period with the provision for up to three one-year extensions. The current depository contract expires in 2008 and is with Citibank, Texas N.A. The City's bank depository agreement requires that all demand deposits and time deposits are secured by pledged collateral with a market value equal to no less than 105 percent of the deposits, less $100,000 which is insured by the Federal Deposit Insurance Corporation. Evidence of the pledged collateral is maintained by the Fiscal Services Department and a third party financial institution. Collateral is reviewed monthly to assure the market value of the securities pledged equals or exceeds the related bank balances. Assets pledged to the City by its depository are held by the Bank of New York. x Temporarily idle cash for all funds is invested by City officials in securities as allowed by Texas Statutes and the City's investment policy. This policy is reviewed and adopted by the City Council annually. The average balance of the City's investment portfolio for fiscal year 2006 was approximately $143,565,302. The overall portfolio produced unrestricted interest earnings of $5,245,305, which represents an increase of $2,809,902 from fiscal year 2005. The City had no realized losses on any securities held during fiscal year 2006. Investment securities purchased by the City, except investments in pooled funds and mutual funds, are on a delivery versus payment basis. That is, funds are not wired or paid until verification has been made that the correct security has been received by the custodian. Securities are held in a custody account in the City's name. The original copy of all safekeeping statements is delivered to the City. Risk Management The City's risk management program is administered by the Risk Management function in the Human Resources Division. Risk Management is responsible for monitoring all claims filed against the City, as well as handling the filing of claims as necessary on behalf of the City. Risk Management is also responsible for administering the City's Workers' Compensation and Property and Casualty Self Insurance Funds. The City's Risk Manager is responsible for ensuring that the City's coverage is adequate to protect the City in the event of potential losses and for ensuring continuous coverage. The City has implemented a strong and proactive safety training program. Employee Retirement System The City is a member of the Texas Municipal Retirement System ("TMRS") that covers all full-time and certain part-time employees. The plan provides for no benefits beyond the contributions of the employee, employer and earnings on the individual employee account. Employee contributions are seven (7) percent of gross earnings. The City's contribution rate for 2006 was 11.9 percent. The contribution rate for the City is set by TMRS annually for a calendar year. Any unfunded liability (actuarially determined cost to the City not already paid) is paid over a 25-year period and is included as a part of the rate the City pays. OTHER INFORMATION Independent Audit Section 37 of the City's Charter requires that not less than thirty (30) days prior to the end of each fiscal year, the City Council shall designate a qualified public accountant or accountants who, as of the end of the fiscal year, shall make an independent audit of accounts and other evidences of financial transactions of the city government and shall submit the report to the City Council. Such accountants shall have no personal interest, direct or indirect, in the fiscal affairs of the city government. They shall not maintain any account or record of the city business, but, within specifications approved by the City Council, shall post- audit the books and documents kept by the Department of Fiscal Services and any separate or subordinate accounts kept by any other office, department or agency of the city government. The City of College Station has engaged Ingram, Wallis & Company of Bryan, Texas to perform the audit, and their opinion has been included in this report. It should be noted that the auditors included all funds in their audit, performed their audit in accordance with U.S. generally accepted auditing standards, and concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the City of College Station's financial statements for the fiscal year ended September 30, 2006 are fairly presented in conformity with U.S. generally accepted accounting principals. The independent auditors' report is presented as the first component of the financial section of this report. xi Certificate of Achievement The Government Finance Officers Association of the United States and Canada ("GFOA") awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of College Station for its Comprehensive Annual Financial Report ("CAFR) for the Fiscal Year ended September 30, 2005. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized CAFR with contents that conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. The City of College Station has received a Certificate of Achievement for twenty-four out of the last twenty-five years. We believe our current report continues to conform to the Certificate of Achievement Program requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate. Responsibilitv for Financial Reportinq The City's Senior Management, including the City Manager and Chief Financial Officer, accept the responsibility for the accuracy, integrity, consistency, and reliability of the financial statements. They also acknowledge their responsibility for assuring the continuous monitoring of the City's system of internal controls for compliance in order to prevent misappropriation of assets and fraudulent financial reporting. Additionally, they confirm their commitment to fostering a strong ethical climate and communicating those standards to employees through personnel rules, administrative regulations, and City law. Acknowledqement The preparation of this report could not have been accomplished without the efforts and dedicated services of the entire staff of the Fiscal Services Department. Appreciation is also expressed to City employees throughout the organization, especially those employees who were instrumental in the successful completion of this report. Acknowledgement is also given to the representatives of Ingram, Wallis & Company for their invaluable assistance in producing the final product. Our appreciation is also extended to the Mayor and City Council for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner. Respectfully submitted, Glenn Brown City Manager kA eff Kersten 'k Chief Financial Officer xii Certificate of Achievement for Excellence Reporting Presented to City of College Station Texas For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30,2005 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. President Executive Director xiii CI T I Z E N S O F CO L L E G E S T A T I O N MA Y O R A N D CO U N C I L CI T Y SE C R E T A R Y MU N I C I P A L JU D G E S CI T Y AT T O R N E Y CI T Y MA N A G E R FI R E PO L I C E LE G I S L A T I V E A F F A I R S / SP E C I A L P R O J E C T S MA N A G E R FI S C A L SE R V I C E S PL A N N I N G & D E V E L O P M E N T SE R V I C E S PA R K S & R E C R E A T I O N PU B L I C WO R K S WA T E R S E R V I C E S IN F O R M A T I O N SE R V I C E S HU M A N RE S O U R C E S AD M I N I S T R A T I O N SU P P R E S S I O N PR E V E N T I O N EM E R G E N C Y M E D I C A L SE R V I C E S (E M S ) AD M I N I S T R A T I O N UN I F O R M PA T R O L CR I M I N A L IN V E S T I G A T I O N S SP E C I A L SE R V I C E S QU A R T E R M A S T E R CO M M U N I C A T I O N S / JA I L RE C R U I T I N G / TR A I N I N G IN F O R M A T I O N SE R V I C E S FR A N C H I S I N G AD M I N I S T R A T I O N PU R C H A S I N G UT I L I T Y C U S T O M E R SE R V I C E MU N I C I P A L CO U R T PL A N N I N G AD M I N I S T R A T I O N MA P P I N G CO O R D I N A T I O N DE V E L O P M E N T CO O R D I N A T I O N BU I L D I N G I N S P E C T I O N PA R K S O P E R A T I O N S AD M I N I S T R A T I O N AD M I N I S T R A T I O N ST R E E T S DR A I N A G E FL E E T TR A F F I C SI G N S / S I G N A L S SA N I T A T I O N EN G I N E E R I N G PL A N T O P E R A T I O N S AD M I N I S T R A T I O N E- G O V E R N M E N T CO M M U N I C A T I O N SE R V I C E S PR I N T / M A I L IN T E R N A L A U D I T O R SP E C I A L F A C I L I T I E S OF F I C E O F B U D G E T AN D S T R A T E G I C PL A N N I N G PA R K I N G NE I G H B O R H O O D SE R V I C E S RE C R E A T I O N AC C O U N T I N G FA C I L I T I E S MA I N T E N A N C E FI E L D O P E R A T I O N S MA N A G E M E N T IN F O R M A T I O N SY S T E M S GE O G R A P H I C IN F O R M A T I O N SE R V I C E S CO M M U N I T Y PR O G R A M S EM E R G E N C Y MA N A G E M E N T AS S I S T A N T C I T Y M A N A G E R DE P U T Y C I T Y M A N A G E R EC O N O M I C D E V E L O P M E N T CO M M U N I T Y DE V E L O P M E N T PU B L I C C O M M U N I C A T I O N S EL E C T R I C U T I L I T Y AP P O I N T E D B O A R D S A N D C O M M I S S I O N S BV S W M A GI S & A S S E T MA N A G E M E N T EN V I R O M E N T A L SE R V I C E S WA T E R RE S O U R C E S FO R E S T R Y xiv CITY OF COLLEGE STATION, TEXAS PRINCIPAL CITY OFFICIALS September 30, 2006 Elected Officials: Mayor.........................................................................................................................................................Ron Silvia Council Member, Mayor Pro Tem........................................................................................................... Ben White Council Member, Place 2 .........................................................................................................................John Happ Council Member, Place 3 ............................................................................................................................Ron Gay Council Member, Place 4 ................................................................................................................ Lynn McIlhaney Council Member, Place 5 ........................................................................................................................Chris Scotti Council Member, Place 6 ...................................................................................................................David Ruesink City Administration: City Manager ........................................................................................................................................Glenn Brown Deputy City Manager .........................................................................................................................Terry Childers Assistant City Manager ..................................................................................................................................Vacant City Attorney...............................................................................................................................Marshall Cargill, Jr. City Secretary.....................................................................................................................................Connie Hooks Municipal Court Judge ............................................................................................................Edward J. Spillane III Internal Auditor ...............................................................................................................................................Vacant Director of Electric Utility....................................................................................................................David Massey Director of Human Resources..........................................................................................................Julie O’Connell Chief Financial Officer............................................................................................................................Jeff Kersten Chief Information Officer...................................................................................................................Olivia Burnside Director of Public Communications and Marketing......................................................................Rebecca Nugent Fire Chief ............................................................................................................................................... Robert Alley Police Chief.....................................................................................................................................Michael Clancey Director of Parks and Recreation..................................................................................................Stephen Beachy Director of Economic and Community Development....................................................................James Gwin, Jr. Acting Director of Planning and Development Services ...................................................................Lance Simms Director of Public Works .........................................................................................................................Mark Smith Director of Water Services....................................................................................................................John Woody xv INDEPENDENT AUDITORS' REPORT The Honorable Mayor and Members of the City Council of the City of College Station, Texas We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of College Station, Texas (the "City"), as of and for the year ended September 30, 2006, which collectively comprise the City's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the City's management. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the City as of September 30, 2006, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated May 2, 2007, on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. The management's discussion and analysis, schedule of funding progress - Texas Municipal Retirement System and budgetary comparison information on pages 3 through 21 and 69 through 71, are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The introductory section, supplementary information and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The supplementary information as listed in the table of contents has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory section and statistical section have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. Bryan, Texas January 30,2007 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) This section of the City of College Station's (the “City”) Comprehensive Annual Financial Report presents a narrative overview and analysis of the financial activities of the City for the fiscal year ended September 30, 2006. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal. FINANCIAL HIGHLIGHTS • The assets of the City exceeded its liabilities at the close of the most recent fiscal year by $331,133,313 (net assets). Of this amount, $72,582,108 (unrestricted net assets) may be used to meet the government's ongoing obligations to citizens and creditors. • The City's total net assets increased by $26,855,879 during the fiscal year. • At the close of the current fiscal year, the City's governmental funds reported combined ending fund balances of $67,546,122, an increase of $8,132,261 when compared to the prior year. • Approximately 25 percent of the combined governmental funds ending fund balance, or $16,910,529 is available for spending at the City's discretion (unreserved-undesignated fund balance). • During fiscal year 2006, the City's total debt increased by approximately $20,660,000. Key factors in this increase were the issuance of $7,375,000 in General Obligation Improvement Bonds, $8,325,000 in Certificates of Obligation, and $16,950,000 in Utility System Revenue Bonds. Wolf Pen Creek Trails Phase II OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the City's basic financial statements. The City's basic financial statements are comprised of three components: (1) Government-wide financial statements (2) Fund financial statements (3) Notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. City of College Station, Texas 3 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) The following diagram illustrates the relationship between the different components of this report: Relationship Between Comprehensive Annual Financial Report (CAFR) and Basic Financial Statements and Required Supplementary Information (RSI) General information on the government Introductory structure, services, and environment Section Pages vi-xv + Management's Discussion and Analysis Pages 3-21 Government-Wide Financial Statements Basic Pages 23-25 Financial Governmental Fund Financial Statements Statements Pages 26-29 And Proprietary Fund Financial Statements Financial RSI Pages 30-35 Section Notes to the Financial Statements Pages 37-67 Additional Required Supplementary Information Pages 69-71 Information on individual funds and other supplementary information not required by GAAP Pages 73-115 + Trend Data and Nonfinancial Data Pages 117-142 Statistical Section City of College Station, Texas 4 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) Government-Wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the City's finances, in a manner similar to a private-sector business. The statement of net assets presents information on all of the City's assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether or not the financial position of the City is improving or deteriorating. The statement of activities presents information showing how the City's net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods, such as revenues pertaining to uncollected taxes and expenses pertaining to earned but unused vacation. Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, fiscal services, police, information systems, planning and development, fire, municipal services, parks and recreation, and citizen and neighborhood resources. The business-type activities of the City include electric, water, sewer, sanitation, and the northgate parking garage. The government-wide financial statements can be found on pages 23-25. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into governmental funds and proprietary funds. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near- term inflows and outflows of spendable resources as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in determining what financial resources are available in the near future to finance the City's programs. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. City of College Station, Texas 5 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) The City maintains several individual governmental funds organized according to their type (special revenue, debt service, and capital projects). Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, Debt Service Fund, and Streets Capital Projects Fund, all of which are considered to be major funds. Data from the remaining governmental funds are combined into a single, aggregated presentation. Individual fund data for each of the non-major governmental funds is provided in the form of combining statements elsewhere in this report. The governmental fund financial statements can be found on pages 26-29. The City adopts an annual appropriated budget for its General Fund, Debt Service Fund, Special Revenue Funds, and Capital Projects Funds. A budgetary comparison statement has been provided for the General Fund, Debt Service Fund, Special Revenue Funds, and Capital Projects Funds to demonstrate compliance with their budgets. Proprietary Funds Proprietary funds are generally used to account for services for which the City charges customers--either outside customers or internal units or departments of the City. Proprietary funds provide the same type of information as shown in the government-wide financial statements, only in more detail. The City maintains the following two types of proprietary funds: Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for the operations of the electric, water, sewer, sanitation, and parking activities of the City. The Electric, Water, and Sewer funds are considered to be major funds of the City, while the remaining funds (Sanitation and Northgate Parking Garage) are presented in aggregate as non-major enterprise funds. Individual fund data for the non-major enterprise funds can be found in the form of combining statements elsewhere in this report. Internal service funds are used to report activities that provide supplies and services for certain City programs and activities. The City uses internal service funds to account for communication, fleet maintenance, print-mail, and utility customer services. It also uses internal service funds to account for equipment replacement; employee benefits; and unemployment, workers' compensation, and property and casualty insurance. All of these services, with the exception of utility customer service, predominantly benefit governmental rather than business-type functions and have been included within governmental activities in the government-wide financial statements. The Utility Customer Service Fund has been included with the business-type activities in the government-wide financial statements. The internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. The proprietary fund financial statements can be found on pages 30-35. Notes to the Financial Statements The notes to the financial statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. City of College Station, Texas 6 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) Required Supplementary Information In addition to the basic financial statements and accompanying notes, this report presents on pages 69-71, certain required supplementary information concerning the City's progress in funding its obligation to provide pension benefits to its employees and the general fund budget-to- actual comparison. Combining Statements The combining statements referred to earlier in connection with the non-major governmental funds, the non-major enterprise funds, and the internal service funds are presented on pages 73- 107 immediately following the required supplementary information. GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net assets may serve as a useful indicator of a government's financial position. For the City, assets exceeded liabilities by $331,133,313 at the close of the most recent fiscal year. The largest portion of the City's net assets (76 percent) reflects its investment of $251,066,041 in capital assets (e.g., land, buildings, and equipment), less any related outstanding debt used to acquire those assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be liquidated for these liabilities. Net Assets Governmental Activities Business-Type Activities Total 2006 2005 2006 2005 2006 2005 Assets Current and Other Assets 86,918,236$ 77,727,672$ 69,005,573$ 66,784,556$ 155,923,809$ 144,512,228$ Capital Assets 172,576,387 159,744,636 217,954,664 192,012,087 390,531,051 351,756,723 Total Assets 259,494,623 237,472,308 286,960,237 258,796,643 546,454,860 496,268,951 Liabilities Long-Term Liabilities Outstanding 99,961,411 91,475,720 91,692,313 79,408,055 191,653,724 170,883,775 Other Liabilities 7,079,168 7,349,018 16,588,655 13,758,724 23,667,823 21,107,742 Total Liabilities 107,040,579 98,824,738 108,280,968 93,166,779 215,321,547 191,991,517 Net Assets Invested in Capital Assets, Net of Related Debt 108,287,795 106,460,949 142,778,246 132,001,489 251,066,041 238,462,438 Restricted 4,564,184 4,289,531 2,920,980 2,797,735 7,485,164 7,087,266 Unrestricted 39,602,065 27,897,090 32,980,043 30,830,640 72,582,108 58,727,730 Total Net Assets 152,454,044$ 138,647,570$ 178,679,269$ 165,629,864$ 331,133,313$ 304,277,434$ City of College Station, Texas 7 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) An additional portion of the City's net assets, $7,485,164 (2 percent) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net assets, $72,582,108 (22 percent) may be used to meet the government's ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City was able to report positive balances in all three categories of net assets, both for the government as a whole, as well as for the business-type activities. The same situation held true for the prior fiscal year. The City's net assets increased by $26,855,879 as a result of fiscal year 2006 operations. The increase is primarily attributable to increases in ongoing revenues and relatively stable expenses. City of College Station, Texas 8 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) The following table provides a summary of the City's operations for the year ended September 30, 2006 and highlights key elements of the increase in the City's net assets: Changes in Net Assets For the Fiscal Year Ended September 30, 2006 Governmental Activities Business-Type Activities Total Revenues 2006 2005 2006 2005 2006 2005 Program Revenues: Charges for Services 10,082,202$ 9,209,467$ 88,430,022$ 76,316,028$ 98,512,224$ 85,525,495$ Operating Grants and Contributions 3,144,254 2,629,494 - - 3,144,254 2,629,494 Capital Grants and Contributions 7,477,874 4,489,883 4,677,465 1,937,320 12,155,339 6,427,203 General Revenues: Property Taxes 16,646,519 15,888,475 - - 16,646,519 15,888,475 Sales and Mixed Beverage Taxes 17,082,936 15,705,090 - - 17,082,936 15,705,090 Other Taxes 4,803,758 4,025,419 - - 4,803,758 4,025,419 Interest and Investment Income 3,415,849 1,487,926 1,829,456 947,477 5,245,305 2,435,403 Total Revenues 62,653,392 53,435,754 94,936,943 79,200,825 157,590,335 132,636,579 Expenses General Government 7,755,725 6,457,556 - - 7,755,725 6,457,556 Fiscal Services 2,452,442 2,467,187 - - 2,452,442 2,467,187 Police 11,214,413 10,666,318 - - 11,214,413 10,666,318 Fire 8,280,257 7,853,876 - - 8,280,257 7,853,876 Planning and Development Services 1,449,327 1,580,317 - - 1,449,327 1,580,317 Public Works 6,227,707 5,401,568 - - 6,227,707 5,401,568 Parks and Recreation 7,353,984 6,549,466 - - 7,353,984 6,549,466 Information Services 3,087,596 2,881,863 - - 3,087,596 2,881,863 Interest on Long Term Debt 4,116,871 3,895,520 - - 4,116,871 3,895,520 Unallocated Depreciation 5,759,049 5,430,745 - - 5,759,049 5,430,745 Electric Utility - - 51,250,110 47,815,339 51,250,110 47,815,339 Water Utility - - 7,770,081 7,908,695 7,770,081 7,908,695 Sewer Utility - - 7,973,677 7,262,208 7,973,677 7,262,208 Sanitation Services - - 5,421,624 4,931,079 5,421,624 4,931,079 Parking Operations - - 621,593 591,944 621,593 591,944 Other - 111,916 - - - 111,916 Total Expenses 57,697,371 53,296,332 73,037,085 68,509,265 130,734,456 121,805,597 Increase in Net Assets Before Transfers 4,956,021 139,422 21,899,858 10,691,560 26,855,879 10,830,982 Transfers Net 8,850,453 8,188,725 (8,850,453) (8,188,725) - - Increase in Net Assets 13,806,474 8,328,147 13,049,405 2,502,835 26,855,879 10,830,982 Net Assets at Beginning of Year 138,647,570 130,319,423 165,629,864 163,127,029 304,277,434 293,446,452 Net Assets at End of Year 152,454,044$ 138,647,570$ 178,679,269$ 165,629,864$ 331,133,313$ 304,277,434$ City of College Station, Texas 9 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) Governmental activities. Governmental activities increased the City of College Station's net assets by $13,806,474 thereby accounting for 51 percent of the total growth in net assets. Key elements of this increase are as follows: • Property taxes increased $758,044 (4.8 percent) during the year. This is primarily the result of the total ad valorem assessed valuations increasing by $354 million or 10.8 percent over fiscal year 2005. • Sales and mixed beverage taxes increased $1,377,846 (8.8 percent) during the year. This is attributable to continued economic growth in the area. • Capital grants and contributions increased $2,987,991. Interest and investment income increased $2,143,453. The chart below illustrates the City's governmental revenues by source. For governmental activities overall without regard to program, property tax (23 percent) and sales tax (24 percent) are the largest sources of funds followed by charges for services (14 percent), and grants and contributions (15 percent). All other governmental revenues account for 24 percent of all governmental revenues. City of College Station, Texas Governmental Revenues By Source $71,521,345 14% 23% 24% 7% 5% 12% 15%Charges for Services Grants and Contributions Property Tax Sales Tax Other Taxes Investment Income Transfers City of College Station, Texas 10 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) Another useful chart depicts governmental activity program revenues relative to program expenses. That data is presented below: Governmental Activities Comparison of Program Revenues to Program Expenses - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000General Government Fisca l S ervices Po l ic e F i re D e ve l op me nt Se rvic es Public Works Pa rks a n d Re cre a t i o n Of f ice of Techno l ogy and Information Services I n t erest on Lo n g-Term D e bt Unall o cated D ep re cia t i o n Program Revenues Program Expenses Business-type activities. Business-type activities increased the City of College Station's net assets by $13,049,405, thereby accounting for 49 percent of the total growth in net assets. Key elements of this increase are as follows: • With the continued growth in the area, capital contributions continued to be a major source of revenue for the electric, water, and sewer funds. In fiscal year 2006 capital contributions amounted to $4,677,465. • Electric utility expenses experienced an increase of $3,434,771 or 7 percent from fiscal year 2005. This is primarily attributable to purchased power expenses. • Charges for services increased by $12,113,994 or 16 percent from fiscal year 2005 due to utility rate increases and greater than normal utility usage because of higher temperatures. Revenues for the City's business-type activities are presented in the following chart. Charges for services provided the largest share of revenues (93 percent) for the City's business-type activities. It was followed by grants and contributions (5 percent) and investment income (2 percent). City of College Station, Texas 11 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) Business-type Revenues $94,936,943 93% 5%2% Charges for Services Grants and Contributions Investment Income Another useful chart depicts business-type activity program revenues relative to program expenses. That data is presented below: Business-type Activities Comparison of Program Revenues to Program Expenses - 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 Electric Water Sewer Sanitation Northgate Parking Program Revenues Program Expenses City of College Station, Texas 12 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) FINANCIAL ANALYSIS OF THE CITY'S FUNDS As noted previously, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the City's governmental funds is to provide information on near-term inflows, outflows, and balances of resources that are available for spending. Such information is useful in assessing the City's financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. The types of governmental funds reported by the City include the General Fund, Debt Service Fund, and Streets Capital Projects Fund. Other governmental funds of the City are reported as non-major funds. As of the end of the current fiscal year, the City's governmental funds reported combined ending fund balances of $67,546,122. Approximately 25 percent ($16,910,529) of this total amount constitutes unreserved fund balance and is available for spending at the City's discretion. The remainder of fund balance is reserved to indicate that it is not available for new spending because it has already been committed as follows: (1) To pay debt service ($3,066,675), (2) To liquidate contracts and purchase orders of the prior period ($12,449,849), (3) For capital improvements ($33,031,408), (4) For permanent cemetery endowments ($1,264,906), (5) For police criminal investigation activity ($26,912), (6) For inventory ($52,325), (7) For Juvenile Case Manager ($69,206), (8) For Court Technology ($299,456), (9) For Court Security ($339,935), and (10) For Court Efficiency ($34,921). Overall, revenues for governmental functions totaled $54,042,151 in the fiscal year ended September 30, 2006, an increase of 11 percent or $5,357,586 from the fiscal year ended September 30, 2005. Expenditures for governmental functions totaling $71,120,163 increased by approximately 2 percent ($1,582,292) from the fiscal year ended September 30, 2005. In fiscal year 2006, expenditures for governmental functions exceeded revenues by $17,078,012. That amount was 18 percent less than the previous year's amount of $20,853,306. The General Fund is the chief operating fund of the City of College Station. At the end of the current fiscal year, the unreserved, undesignated fund balance was $9,448,389 while the total fund balance reached $10,972,008. The City's fiscal and budgetary policies require that the City of College Station, Texas 13 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) General Fund's undesignated fund balance be at least equal to 15 percent of budgeted expenditures, a percentage equal to 55 days of expenditures. The unreserved, undesignated fund balance is approximately 21 percent of fiscal year 2006 budgeted expenditures and exceeds the minimum requirement set by policy. As a measure of the fund's liquidity, it is useful to compare both unreserved and total fund balance to total fund actual expenditures. Unreserved fund balance represents 22 percent of total general fund expenditures, while total fund balance represents 26 percent of the same amount. The fund balance continues to meet and exceed the Fiscal and Budgetary Policy of having 15 percent of expenditures available in fund balance. The fund balance of the General Fund increased by $801,483 during the current fiscal year. Key factors in this change were as follows: • Overall revenues were up by approximately 8 percent, primarily due to an increase in sales tax revenue and property tax revenue that resulted from strong retail sales and new property values on the tax rolls. • Other financing sources were up by 19 percent, primarily due to an increase in transfers in from the utility funds and a decrease in transfers out to capital projects funds. The Debt Service Fund ended the fiscal year with a fund balance of $3,072,775. This entire amount is reserved for the payment of debt service. The net increase in fund balance during the current fiscal year was $254,688. A $1,262,031 increase in debt service revenues and other financing sources was more than enough to cover principal retirements and interest payments. The Streets Projects fund ended the fiscal year with a fund balance of $24,049,456. This entire amount is either reserved for encumbrances related to current capital projects or reserved for future capital projects. The net increase in fund balance during the current fiscal year was $5,864,460. This increase is attributable to proceeds received from long term debt to be spent on future streets capital projects. Proprietary Funds The City's proprietary funds provide the same type of information found in the government-wide financial statements but in more detail. At the end of the current fiscal year, the City's proprietary funds reported combined ending net assets of $176,416,676. Approximately 18 percent ($31,336,107) of this total amount constitutes unrestricted net assets. The remainder of net assets for the proprietary funds, $145,080,569, is reported as follows: (1) Invested in capital assets, net of related debt ($142,159,589), and (2) Restricted for debt service ($2,920,980). Operating revenues for proprietary activities totaled $87,086,553 for the fiscal year, an increase of 14.2 percent or $10,824,471 from the previous fiscal year. Operating expenses increased $4,369,720 or 6.8 percent for the same period causing operating income to increase $6,454,751 or 54.6 percent. The proprietary funds reported net nonoperating expenses of $1,701,141 at the end of fiscal year 2006 as compared to net nonoperating expenses of $3,419,381 in the previous City of College Station, Texas 14 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) fiscal year. Net assets increased $12,415,780 in fiscal year 2006. This is $10,255,594 more than the increase reported in fiscal year 2005. Electric Fund At the end of the fiscal year, the unrestricted net assets for the Electric Fund totaled $12,018,433. The electric utility ended the fiscal year with working capital of $11,857,504, an increase of 98.4 percent from fiscal year 2005. The majority of the increase in working capital is due to an increase in utility rates and greater than normal utility usage because of higher temperatures . The City’s policy with regard to its enterprise funds is to maintain at least 15 percent of annual operating expenses in working capital, a percentage equal to 55 days of expenses. At September 30, 2006, Electric Fund working capital equaled approximately 24 percent of annual operating expenses. Electric Fund operating revenues increased by 16.4 percent ($8,419,428) during fiscal year 2006, while operating expenses increased 7.2 percent ($3,359,985) during the same period. This resulted in a 107 percent increase ($5,059,443) in operating income. The increase in operating income is also attributable to an increase in utility rates without a fully offsetting increase in operating expense. This combination resulted in an increase in net assets of $5,597,773 in the Electric Fund during the fiscal year. Water Fund Unrestricted net assets for the Water Fund at September 30, 2006 were $3,828,748. Working capital in the Water Fund at the end of fiscal year 2006 was $4,148,959 a decrease of approximately 51 percent from fiscal year 2005. Water Fund working capital was 67 percent of total operating expense and exceeds the minimum 15 percent requirement under the Council's adopted policy. Water Fund operating revenues increased by 13 percent ($1,263,431) during fiscal year 2006 as a result of increased water consumption due to drier conditions as compared to fiscal year 2005 and as a result of an increase to utility rates. Operating expenses decreased 2 percent ($142,796) over fiscal year 2005. This resulted in operating income increasing 44 percent to $4,589,910 in fiscal year 2006. The Water Fund's net assets increased $4,029,713 during the fiscal year, a 217 percent increase over the previous year. This increase is primarily due to lower operating expenses and higher capital contributions. Sewer Fund The Sewer Fund's unrestricted net assets at the end of fiscal year 2006 were $6,269,132. The Sewer Fund ended the fiscal year with a working capital balance of $5,500,967, which was 8 percent below fiscal year 2005. Sewer Fund working capital was 84 percent of total operating expenses and is well above the minimum requirement for the fund. Operating revenues in the Sewer Fund were $10,156,691, a $467,317 (5 percent) increase over the previous fiscal year. Operating expenses increased from $5,842,266 to $6,532,291 or 12 percent while operating income decreased by 6 percent from $3,847,108 to $3,624,400. City of College Station, Texas 15 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) BUDGETARY HIGHLIGHTS The final amended budget for fiscal year 2006 totaled $198,738,132 for all funds. Of this amount $145,916,218 (73.42 percent) was budgeted for operations and maintenance expenditures, and $52,821,914 (26.58 percent) was budgeted for capital improvement projects. In the General Fund the final revised budgeted change in fund balance was $503,013 lower than the original budgeted change and the significant items that comprise this difference can be briefly summarized as follows: • $185,691 - Encumbrances rolled over from prior fiscal year. • $142,146 - Appropriation for Gainsharing allocations to City of College Station employees. • $43,778 - Appropriation for additional staffing in Emergency Management. • $40,861 - Appropriation for Public Safety grants received by the City of College Station. In the General Fund the actual change in fund balance was $2,990,002 higher than the final revised budgeted change and the significant items that comprise this difference can be briefly summarized as follows: • $663,048 - Lower capital outlay expenditures primarily related to the delay in spending the funds appropriated for the AM radio station and for equipment funded from grants. • $587,247 - Additional tax revenue generated primarily from higher sales tax and ad valorem revenues. • $477,624 - Due in part to lower expenditures related to economic development incentive outlays that were budgeted for and did not occur in FY06. • $724,552 - Lower expenditures than budgeted in the Public Works Department due to less spending on Street operations, and staff vacancies in the Engineering Division. • $345,502 - Lower expenditures in the Planning and Development Services Department due to staff vacancies and for expenditures related to the comprehensive plan update that did not occur. Strategic planning is a driving force in the preparation of the City's budget. The City Council has identified the following five areas of strategic priority, under which are listed some of the key items in the fiscal year 2006 budget: Core Services Core services include police, fire and emergency management services; traffic and drainage services; the City's administrative services; electric, water, wastewater and sanitation services; and capital projects for each of these areas. Key items included in the 2006 fiscal year budget included: • Additional resources for the addition of nine police officers, • Funding for five fire fighters to begin adding the staff necessary for the dedicated ladder truck company, • Resources for infrastructure improvements to streets and utilities, • Resources to fund the market based pay plan for City employees, and • Resources to fund repairs and enhancements to existing park facilities. City of College Station, Texas 16 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) Neighborhoods The 2006 fiscal year budget provided resources to directly benefit College Station neighborhoods. Additional resources were included for the following: • Funds for making improvements to low to moderate-income areas, • Funds for public agencies which offer programs that benefit low to moderate-income residents, • Funds to purchase Emergency Management NOAA weather radios for distribution to citizens, and • Funds for Planning and Development Services to provide a Mosquito Abatement program and a Neighborhood Gateway Grant program. Collaboration The City of College Station continues to cooperate with other governmental entities. The fiscal year 2006 budget included the following: • Funds for the Brazos Valley Council of Government’s regional park project, • Funds for an internship program in the City Manager’s office offered to a Texas A&M University student, and • Resources for the Larry J. Ringer Library. Growth Management The Planning and Development Services department had additional resources budgeted to help manage growth the City of College Station has experienced over the last several years. Additional resources were included for the following: • Funds to review the Comprehensive Plan, and • Funds to purchase software to streamline and help manage the building permit process. Economic Development To encourage further economic development in the City, resources for Economic Development initiatives were included in the budget. The fiscal year 2006 budget included the following: • Capital resources for a second business park, • Funding for the continued development of a hotel/conference center, and • Funding for Wolf Pen Creek capital projects. City of College Station, Texas 17 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) CAPITAL ASSETS The City of College Station's investment in capital assets for its governmental and business-type activities as of September 30, 2006 amounted to $390,531,051 (net of accumulated depreciation). This investment in capital assets includes land, utility systems, buildings and building improvements, improvements other than buildings, machinery and equipment, infrastructure, and construction in progress. Capital Assets at Year End Net of Accumulated Depreciation Governmental Business-Type Activities Activities Total Land 27,693,130$ 709,650$ 28,402,780$ Utility Systems - 162,665,728 162,665,728 Buildings and Building Improvements 14,392,968 5,035,636 19,428,604 Improvements Other than Buildings 13,751,139 - 13,751,139 Machinery and Equipment 11,746,324 41,982 11,788,306 Infrastructure 85,092,262 - 85,092,262 Construction in Progress 19,900,564 49,501,668 69,402,232 172,576,387$ 217,954,664$ 390,531,051$ Major capital projects completed by the City during the 2006 fiscal year include the following: • Greens Prairie/Arrington Realignment ($1,666,834), • Lion’s Park Basketball Court and Cover ($245,000), • Steeplechase Park ($366,741), • Intergenerational Park Upgrades ($310,000), • Fire Station #5 ($1,795,000), • PBX (Phone System) Replacement ($990,328), • Public Safety System ($723,500), • Two New Shallow Wells ($2,050,000), and • Emergency Electric Power at Water and Waste Water Plants ($2,376,214). Of significance is $12,155,339 in developer capital contributions during fiscal year 2006. These contributions accounted for approximately 31 percent of the $38.8 million increase in capital assets. Additional information on the City's capital assets can be found in Note IV-C to the financial statements on page 51. City of College Station, Texas 18 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) DEBT ADMINISTRATION At the end of the 2006 fiscal year, the City of College Station had total debt outstanding of $188,780,000. Of this amount, $97,320,000 (52 percent) comprised debt backed by the full faith and credit of the City. The remaining debt is revenue bonds secured by specified revenue sources. Year-End Outstanding Debt Payable Governmental Business-Type Activities Activities Total General Obligation Bonds 53,835,000$ -$ 53,835,000$ Revenue Bonds - 91,460,000 91,460,000 Certificates of Obligation 43,485,000 - 43,485,000 97,320,000$ 91,460,000$ 188,780,000$ The City's total debt increased by $20,660,000 (12.3 percent) during the current fiscal year. The change in total debt was a result of the following: • Issuance of $7,375,000 in general obligation improvement bonds, $8,325,000 in certificates of obligation, $16,950,000 in utility revenue system revenue bonds; and • Retirement of $3,340,000 in general obligation bonds, $3,945,000 in certificates of obligation, and the retirement/defeasance of $4,705,000 in utility revenue bonds. The City's General Obligation and Certificates of Obligation have an underlying rating of AA- by Standard & Poors ("S&P") and Aa3 by Moody's Investors Service ("Moody's"). The underlying ratings for the City's revenue bonds are A+ by S&P and A1 by Moody's. Because the City's last bond issue was insured, those bonds were rated AAA with S&P and Aaa with Moody's. Additional information on the City's long-term debt can be found in Note IV-F to the financial statements on pages 53-57 of this report. OTHER POST-EMPLOYMENT BENEFITS (“OPEB”) The Governmental Accounting Standards Board Statement No. 45 establishes standards for the measurement, recognition, and display of the OPEB expense and related liabilities, note disclosures, and required supplementary information in the financial reports of state and local governments. The City is considered a phase II government under Statement No. 45 and is not required to implement the standard until fiscal year 2009. In order to take a proactive approach to understanding and addressing the City’s OPEB liability, on May 24, 2006, the City issued a request for proposals for an actuarial analysis of future liabilities for Other Post-Employment Benefits under GASB 45. The actuarial firm of Rudd and Wisdom, Inc. was chosen to perform the study, and on December 14, 2006 they delivered a pro forma study to the City. This study: 1) outlines actuarial cost methods and past-service liability actuarial amortization methods available to the City, 2) reviews the actuarial assumptions and data used in the study, 3) discusses the effect of prefunding the annual required contribution, 4) discusses the current plan structure, 5) discusses design options, and 6) outlines the steps the City needs to take prior to implementing GASB 45. City of College Station, Texas 19 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) City staff has performed an initial review of the pro forma study and a preliminary discussion with the actuary has taken place. At this point staff plans are to: 1) evaluate, with the assistance of the actuary and our benefits consultant, the impact of changes to the current plan structure, 2) evaluate, with the assistance of the City’s financial advisor, possible funding options, and 3) prepare and present a comprehensive overview with recommendations and a funding strategy to the City Council. The study included pro forma valuation results as of October 1, 2005. The present value of future benefits totaled $22,834,808. The annual OPEB cost for FYE 9/30/2006 was calculated under the following 3 cost methods: 1) Aggregate Method = $3,045,050, 2) PUC-ARFS Method = $2,338,410, and 3) FEAN-30 year Method = $1,953,445. ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES The City of College Station has continued to grow, and indicators of that growth include the following: • An estimated population increase of 60 percent for the period of 1990 through 2006, • An approximate $354 million increase to the ad valorem tax base during the fiscal year, • A local economy that has maintained an annual unemployment rate of less than 4 percent since 1990, and • Sales tax revenue that grew by 8.5 percent during the fiscal year. Part of the reason the City has been insulated from some of the effects of the slower national and state economy is due to the major influence of Texas A&M University on the local economy. The Fiscal Year 2007 budget was prepared with the key goal of maintaining and improving quality of life in College Station. This is done by continuing a prudent approach to City finances, meeting strategic priorities identified by the City Council, maintaining service quality and excellence, and enhancing and maintaining infrastructure and public facilities needed to provide excellent services. The ad valorem tax rate for the 2007 fiscal year is $0.4394 per $100 valuation ($0.1910 for operations and maintenance and $0.2484 for debt service). This tax rate will meet the debt service obligations of the City and provide operations and maintenance funding in the General Fund. Current and anticipated growth in the community has resulted in increased demands for services and has put pressure on the City's utility systems. Consequently, the 2007 budget includes a 5 percent rate increase in the Water and Sewer Funds and a 12 percent increase in the Electric Fund. These rate increases are needed to meet the operating, capital and debt service coverage requirements in the funds and to ensure continued high quality service is provided as the community continues to grow. Residential and Commercial sanitation rates were increased by 8 percent in FY07 in order to maintain existing residential and commercial sanitation service levels. The 2007 budget does not include a rate increase in the Drainage Fund. The fiscal year 2007 budget for capital improvements totals $65,694,515. The City anticipates significant expenditures for infrastructure rehabilitation and improvements in the Southside area, an older part of the City. These projects include rehabilitation of utilities, drainage ways, and streets. Some of the more significant projects are as follows (amounts presented reflect appropriations over the life of the project): • Street Rehabilitation in the Southside Area ($3.7 million), • Street Rehabilitation in the Northgate Area ($4.4 million), City of College Station, Texas 20 Management's Discussion and Analysis For the Fiscal Year Ended September 30, 2006 (Unaudited) • Extension of Dartmouth Drive ($3.6 million), • Arrington Road/Decatur Extension Design ($4.0 million), • Barron Road Improvements ($3.0 million), • Veteran's Park Phase II Construction ($6.9 million), • University Park Development ($400,000), • Woodland Hills Development ($315,000), • Police Station New Addition and Renovation ($3.6 million), • Fire Station #3 Relocation ($1.7 million), • Northgate Improvements ($625,000), • Convention Center Development ($25.0 million), • Water Utility Construction of Additional Shallow Wells ($3.7 million), • Water Plant Security Upgrades ($1.5 million), • Wellborn Road Widening Utility Relocation ($4.3 million), • Lick Creek Parallel Trunk Line ($3 million), • Odor Control Improvements ($1.4 million), and • Bee Creek Combined Drainage Improvements ($3.1 million). The City plans to issue $4,510,000 in general obligation bonds from the 2003 bond authorization for the following: $2,840,000 for street improvements, $600,000 for traffic signals and safety system improvement projects, and $1,070,000 for parks projects. The City also plans to issue $12,501,300 in certificates of obligations for the following: $1,000,000 for the new business park, $450,000 for street improvements, $405,000 for park projects, $4,000,000 for Convention Center projects, $2,035,000 for the new cemetery, $2,490,000 for a radio system replacement, $1,750,000 for municipal complex improvements, and $371,300 for technology projects. The City also plans to issue $23,200,000 in utility revenue bonds for the following: $1,350,000 for electric capital projects, $14,750,000 for water capital projects, and $7,100,000 for sewer capital projects. REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the City of College Station's financial position for all who have an interest in the City's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to: City of College Station Fiscal Services Department ATTN: Chief Financial Officer P.O. Box 9960 College Station, Texas 77842-9960 or visit our website at http://www.cstx.gov. City of College Station, Texas 21 22 CITY OF COLLEGE STATION, TEXAS Statement of Net Assets As of September 30, 2006 Governmental Business-type Activities Activities Total Assets Equity in Cash and Cash Equivalents 43,625,081$ 13,399,053$ 57,024,134$ Equity in Investments 38,484,986 11,820,321 50,305,307 Receivables, net 3,928,548 11,396,153 15,324,701 Internal Balances (1,767,799) 1,767,799 0 Inventories 179,941 1,327,489 1,507,430 Prepaid Costs 557,946 0 557,946 Restricted Assets: Temporarily Restricted: Equity in Cash and Cash Equivalents 342,734 11,090,521 11,433,255 Equity in Investments 302,352 9,783,790 10,086,142 Receivables, net 0 38,596 38,596 Permanently Restricted: Equity in Cash and Cash Equivalents 666,022 0 666,022 Equity in Investments 587,548 0 587,548 Receivables, net 9,235 0 9,235 Inventory 1,642 0 1,642 Equity in Joint Venture 0 7,622,569 7,622,569 Deferred Charges, net 0 759,282 759,282 Capital Assets: Land and Construction in Progress 47,593,694 50,211,318 97,805,012 Other Capital Assets, net of accumulated depreciation 124,982,693 167,743,346 292,726,039 Total Assets 259,494,623 286,960,237 546,454,860 Liabilities Accounts Payable 2,979,068 13,301,990 16,281,058 Retainage Payable 402,657 527,788 930,445 Refundable Deposits 22,000 0 22,000 Claims Payable 535,434 0 535,434 Accrued Liabilities 1,819,017 633,803 2,452,820 Customer Construction Advances 60,754 92,544 153,298 Unearned Revenues 670,086 93,618 763,704 Liabilities Payable from Restricted Assets: Accounts Payable 0 836 836 Accrued Interest Payable 590,152 735,365 1,325,517 Accrued Liabilities 0 15,836 15,836 Refundable Deposits 0 1,186,875 1,186,875 Non-Current Liabilities: Due within one year: Compensated Absences 121,828 20,111 141,939 Bonds and Certificates of Obligation Payable 7,820,000 4,910,000 12,730,000 Due in more than one year: Bonds and Certificates of Obligation Payable 89,500,000 86,550,000 176,050,000 Unamortized Premium on Bonds 0 (169,919) (169,919) Claims Payable 630,440 0 630,440 Compensated Absences 1,889,143 382,121 2,271,264 Total Liabilities 107,040,579 108,280,968 215,321,547 Net Assets Invested in Capital Assets, net of related debt 108,287,795 142,778,246 251,066,041 Restricted for: Debt Service 2,476,523 2,920,980 5,397,503 Perpetual Care - Nonexpendable 1,264,906 0 1,264,906 Other 822,755 0 822,755 Unrestricted 39,602,065 32,980,043 72,582,108 Total Net Assets 152,454,044$ 178,679,269$ 331,133,313$ The notes to the financial statements are an integral part of this statement. 23 CITY OF COLLEGE STATION, TEXAS Statement of Activities For the Year Ended September 30, 2006 Program Revenues Operating Capital Charges for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Governmental activities: General Government 7,755,725$ 1,470,123$ 2,887,474$ 0$ Fiscal Services 2,452,442 547,790 0 0 Police 11,214,413 3,798,807 77,093 0 Fire 8,280,257 638,223 179,687 0 Planning and Development Services 1,449,327 1,091,848 0 0 Public Works 6,227,707 1,290,935 0 7,477,874 Parks and Recreation 7,353,984 1,244,476 0 0 Information Services 3,087,596 0 0 0 Interest on long-term debt 4,116,871 0 0 0 Unallocated Depreciation 5,759,049 0 0 0 Total governmental activities 57,697,371 10,082,202 3,144,254 7,477,874 Business-type activities: Electric 51,250,110 60,217,421 0 2,067,514 Water 7,770,081 10,852,660 0 1,557,068 Sewer 7,973,677 10,363,603 0 1,052,883 Sanitation 5,421,624 6,419,446 0 0 Northgate Parking 621,593 576,892 0 0 Total business-type activities 73,037,085 88,430,022 0 4,677,465 Total primary government 130,734,456$ 98,512,224$ 3,144,254$ 12,155,339$ General Revenue: Property taxes Sales and Mixed Beverage taxes Franchise taxes Hotel taxes Unrestricted investment earnings Transfers Total general revenues and transfers Change in net assets Net assets - beginning Net assets - ending The notes to the financial statements are an integral part of this statement. 24 Net Revenue (Expense) and Changes in Net Assets Governmental Business-type Activities Activities Total (3,398,128)$ 0$ (3,398,128)$ (1,904,652)0 (1,904,652) (7,338,513)0 (7,338,513) (7,462,347)0 (7,462,347) (357,479)0 (357,479) 2,541,102 0 2,541,102 (6,109,508)0 (6,109,508) (3,087,596)0 (3,087,596) (4,116,871)0 (4,116,871) (5,759,049)0 (5,759,049) (36,993,041)0 (36,993,041) 0 11,034,825 11,034,825 0 4,639,647 4,639,647 0 3,442,809 3,442,809 0 997,822 997,822 0 (44,701)(44,701) 0 20,070,402 20,070,402 (36,993,041)20,070,402 (16,922,639) 16,646,519 0 16,646,519 17,082,936 0 17,082,936 2,132,341 0 2,132,341 2,671,417 0 2,671,417 3,415,849 1,829,456 5,245,305 8,850,453 (8,850,453)0 50,799,515 (7,020,997)43,778,518 13,806,474 13,049,405 26,855,879 138,647,570 165,629,864 304,277,434 152,454,044$ 178,679,269$ 331,133,313$ 25 CITY OF COLLEGE STATION, TEXAS Balance Sheet Governmental Funds As of September 30, 2006 General Debt Service Streets Projects Other Governmental Funds Total Governmental Funds Assets Equity in Cash and Cash Equivalents 6,368,061$ 1,645,563$ 12,856,106$ 16,165,070$ 37,034,800$ Equity in Investments 5,617,748 1,451,676 11,341,345 14,260,431 32,671,200 Receivables Accrued Interest 36,732 8,806 77,810 95,306 218,654 Grants 90,013 0 0 394,753 484,766 Letter of Credit 25,000 0 0 0 25,000 Accounts 913,106 0 373,512 221,339 1,507,957 Taxes 1,738,447 228,237 0 0 1,966,684 Other 3,850 0 0 0 3,850 Less Allowance for Uncollectible Accounts (265,688)0 0 (76,048)(341,736) Due from Other Funds 65,817 0 0 0 65,817 Inventories 52,325 0 0 1,642 53,967 Prepaid Costs 0 0 535,979 0 535,979 Restricted Assets Equity in Cash and Cash Equivalents 342,734 0 0 0 342,734 Equity in Investments 302,352 0 0 0 302,352 Total Assets 15,290,497$ 3,334,282$ 25,184,752$ 31,062,493$ 74,872,024$ Liabilities and Fund Balances Accounts Payable 832,009$ 0$ 695,056$ 1,050,174$ 2,577,239$ Retainage Payable 14,324 0 28,141 360,192 402,657 Interfund Payable 0 0 0 200,000 200,000 Refundable Deposits 22,000 0 0 0 22,000 Accrued Liabilities 1,859,268 33,270 0 244 1,892,782 Customer Construction Advances 22,168 0 38,586 0 60,754 Other Deferred Revenues 1,568,720 228,237 373,513 0 2,170,470 Total Liabilities 4,318,489 261,507 1,135,296 1,610,610 7,325,902 Fund Balances Reserved 1,523,619 3,072,775 24,049,456 21,989,743 50,635,593 Unreserved, Undesignated General Fund 9,448,389 0 0 0 9,448,389 Special Revenue Funds 0 0 0 7,462,140 7,462,140 Total Fund Balances 10,972,008 3,072,775 24,049,456 29,451,883 67,546,122 Total Liabilities and Fund Balances 15,290,497$ 3,334,282$ 25,184,752$ 31,062,493$ 74,872,024$ The notes to the financial statements are an integral part of this statement. 26 CITY OF COLLEGE STATION, TEXAS Reconciliation of Governmental Funds Balance Sheet to the Statement of Net Assets As of September 30, 2006 Amounts reported for governmental activities in the statement of net assets are different because: Total Fund Balance per balance sheet:67,546,122$ Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.162,947,430 Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds.1,500,384 Internal Service Funds are used by management to charge the costs of certain activities, such as insurance, fleet maintenance, equipment replacement and print/mail, to individual funds. The assets and liabilities of certain internal service funds are included in governmental activities in the statement of net assets.20,186,797 Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported in the funds.(99,726,689) Net Assets of governmental activities:152,454,044$ The notes to the financial statements are an integral part of this statement. 27 CITY OF COLLEGE STATION, TEXAS Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended September 30, 2006 General Debt Service Streets Projects Other Governmental Funds Total Governmental Funds Revenues Taxes 26,080,234$ 9,016,285$ 0$ 3,436,694$ 38,533,213$ Licenses and Permits 945,593 0 0 0 945,593 Intergovernmental 639,712 0 15,620 2,488,922 3,144,254 Charges for Services 2,755,283 0 0 169,998 2,925,281 Fines, Forfeits and Penalties 3,285,907 0 0 0 3,285,907 Special Assessments 131,823 0 0 1,159,112 1,290,935 Investment Income 577,966 225,646 878,743 1,168,757 2,851,112 Rents and Royalties 244,864 0 0 0 244,864 Contributions 12,281 0 0 0 12,281 Reimbursed Expenditures 131,249 0 0 14,500 145,749 Other 194,843 0 9,183 458,936 662,962 Total Revenues 34,999,755 9,241,931 903,546 8,896,919 54,042,151 Expenditures Current General Government 4,023,708 0 105,411 87,463 4,216,582 Fiscal Services 3,025,966 0 12,686 11,881 3,050,533 Police 11,559,669 0 0 0 11,559,669 Fire 8,493,228 0 0 0 8,493,228 Planning and Development Services 1,877,732 0 0 0 1,877,732 Public Works 7,103,339 0 0 12,990 7,116,329 Parks and Recreation 7,519,961 0 0 228 7,520,189 Information Services 2,596,591 0 0 0 2,596,591 Library 870,203 0 0 0 870,203 Community Development Block Grant 0 0 0 340,399 340,399 Home Grant 0 0 0 840,211 840,211 Reimbursed Administrative (6,035,345)0 467,250 2,232,831 (3,335,264) Contributions 526,689 0 0 1,468,875 1,995,564 Other 82,021 0 0 26,506 108,527 Capital Outlay 523,817 0 1,534,515 9,551,857 11,610,189 Debt Service Principal Retirement 0 7,285,000 0 0 7,285,000 Interest Payments 0 4,078,635 0 0 4,078,635 Fiscal Charges 0 12,028 102,347 38,354 152,729 Intergovernmental 0 0 743,117 0 743,117 Total Expenditures 42,167,579 11,375,663 2,965,326 14,611,595 71,120,163 Deficiency of Revenues Under Expenditures (7,167,824)(2,133,732)(2,061,780)(5,714,676)(17,078,012) Other Financing Sources (Uses) Issuance of Debt 0 0 7,834,512 7,865,488 15,700,000 Sale of Capital Assets 17,500 0 0 0 17,500 Transfers In 8,103,371 2,388,420 91,728 1,280,916 11,864,435 Transfers Out (151,564)0 0 (2,220,098)(2,371,662) Total Other Financing Sources 7,969,307 2,388,420 7,926,240 6,926,306 25,210,273 Net Change in Fund Balances 801,483 254,688 5,864,460 1,211,630 8,132,261 Fund Balances, October 1 10,170,525 2,818,087 18,184,996 28,240,253 59,413,861 Fund Balances, September 30 10,972,008$ 3,072,775$ 24,049,456$ 29,451,883$ 67,546,122$ The notes to the financial statements are an integral part of this statement. 28 CITY OF COLLEGE STATION, TEXAS Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Fiscal Year Ended September 30, 2006 Amounts reported for governmental activities in the statement of activities are different because: Net change in fund balance - total governmental funds:8,132,261$ Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period.4,706,226 The effect of various miscellaneous transactions involving capital assets is to increase net assets.7,477,874 Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds.568,630 The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long- term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. This amount is the net effect of these differences in the treatment of long-term debt.(8,415,000) Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.(270,761) Internal Service Funds are used by management to charge the costs of certain activities, such as insurance, fleet maintenance, equipment replacement and print/mail, to individual funds. The net revenues of certain activities of internal service funds is reported within governmental activities.1,607,244 Change in Net Assets of governmental activities:13,806,474$ The notes to the financial statements are an integral part of this statement. 29 CITY OF COLLEGE STATION, TEXAS Statement of Net Assets Proprietary Funds As of September 30, 2006 Governmental Business-type Activities - Enterprise Funds Activities Electric Water Sewer Other Enterprise Funds Total Enterprise Funds Internal Service Funds Current Assets Equity in Cash and Cash Equivalents 7,309,959$ 2,359,880$ 2,945,235$ 693,383$ 13,308,457$ 7,346,899$ Equity in Investments 6,448,669 2,081,829 2,598,215 611,686 11,740,399 6,481,256 Restricted Assets Equity in Cash and Cash Equivalents 1,360,911 1,049,192 1,185,724 0 3,595,827 0 Equity in Investments 1,226,396 921,684 1,058,119 0 3,206,199 0 Accrued Interest Receivable 29,284 (4,407) 13,719 0 38,596 0 Receivables Accrued Interest 54,358 33,941 24,528 4,505 117,332 43,712 Accounts 8,583,944 1,482,676 1,316,470 758,823 12,141,913 60,785 Notes 0 0 0 12,522 12,522 0 Other 1,098,345 0 0 0 1,098,345 13,586 Less Allowance for Uncollectible Accounts (1,717,261) (67,496) (130,923) (80,129) (1,995,809) (23,625) Inventories 968,459 306,540 42,187 10,303 1,327,489 127,616 Prepaid Costs 0 0 0 0 0 21,967 Total Current Assets 25,363,064 8,163,839 9,053,274 2,011,093 44,591,270 14,072,196 Noncurrent Assets Restricted Assets Equity in Cash and Cash Equivalents 2,884,895 2,311,420 2,298,379 0 7,494,694 0 Equity in Investments 2,519,151 2,042,967 2,015,473 0 6,577,591 0 Total Restricted Assets 5,404,046 4,354,387 4,313,852 0 14,072,285 0 Advance to Other Funds 200,000 0 0 0 200,000 0 Equity in Joint Venture 0 0 0 7,622,569 7,622,569 0 Deferred Charges Bond Issuance Costs 322,774 313,932 374,869 0 1,011,575 0 Accumulated Amortization (70,192) (85,764) (96,337) 0 (252,293) 0 Total Deferred Charges 252,582 228,168 278,532 0 759,282 0 Property and Equipment Utility Plant 98,572,133 76,996,702 77,410,818 0 252,979,653 0 Buildings 0 0 0 5,743,755 5,743,755 786,525 Machinery and Equipment 0 0 0 1,295,070 1,295,070 26,686,572 Accumulated Depreciation (45,719,368) (23,861,338) (21,351,876) (1,961,207) (92,893,789) (18,081,723) Construction in Progress 12,959,873 25,953,918 10,583,547 4,330 49,501,668 856,240 Land 0 0 0 709,650 709,650 0 Total Property and Equipment 65,812,638 79,089,282 66,642,489 5,791,598 217,336,007 10,247,614 Total Noncurrent Assets 71,669,266 83,671,837 71,234,873 13,414,167 239,990,143 10,247,614 Total Assets 97,032,330 91,835,676 80,288,147 15,425,260 284,581,413 24,319,810 Liabilities Current Liabilities Accounts Payable 10,459,495 1,670,238 1,018,418 149,324 13,297,475 406,344 Retainage Payable 76,504 275,097 176,187 0 527,788 0 Interfund Payable 0 0 0 0 0 65,817 Accrued Liabilities 327,765 58,275 76,779 124,066 586,885 94,981 Customer Construction Advances 24,382 44,801 23,361 0 92,544 0 Other Deferred Revenues 822 0 0 92,796 93,618 0 Claims Payable 0 0 0 0 0 535,434 Payable from Restricted Assets Accounts Payable 836 0 0 0 836 0 Accrued Interest Payable 207,624 280,899 246,842 0 735,365 0 Accrued Liabilities 13,174 0 2,662 0 15,836 0 Refundable Deposits 980,644 197,941 0 8,290 1,186,875 0 Revenue Bonds 1,414,313 1,487,629 2,008,058 0 4,910,000 0 Total Current Liabilities 13,505,559 4,014,880 3,552,307 374,476 21,447,222 1,102,576 30 CITY OF COLLEGE STATION, TEXAS Statement of Net Assets Proprietary Funds As of September 30, 2006 Governmental Business-type Activities - Enterprise Funds Activities Electric Water Sewer Other Enterprise Funds Total Enterprise Funds Internal Service Funds Noncurrent Liabilities Claims Payable 0 0 0 0 0 630,440 Revenue Bonds 24,855,670 32,557,147 29,137,183 0 86,550,000 0 Unamortized Premium on Bonds (75,594) 10,844 (105,169) 0 (169,919) 0 Accrued Vacation 163,397 54,288 80,357 39,392 337,434 137,404 Total Noncurrent Liabilities 24,943,473 32,622,279 29,112,371 39,392 86,717,515 767,844 Total Liabilities 38,449,032 36,637,159 32,664,678 413,868 108,164,737 1,870,420 Net Assets Invested in Capital Assets, net of related debt 45,923,723 50,916,374 39,527,894 5,791,598 142,159,589 10,247,614 Restricted for: Debt Service 641,142 453,395 1,826,443 0 2,920,980 0 Unrestricted 12,018,433 3,828,748 6,269,132 9,219,794 31,336,107 12,201,776 Total Net Assets 58,583,298$ 55,198,517$ 47,623,469$ 15,011,392$ 176,416,676 22,449,390$ Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds: 2,262,593 Net assets business-type activities:178,679,269$ The notes to the financial statements are an integral part of this statement. 31 CITY OF COLLEGE STATION, TEXAS Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended September 30, 2006 Governmental Business-type Activities - Enterprise Funds Activities Electric Water Sewer Other Enterprise Funds Total Enterprise Funds Internal Service Funds Operating Revenues Electric Sales 58,526,414$ 0$ 0$ 0$ 58,526,414$ 0$ Water Sales 0 10,324,958 0 0 10,324,958 0 Sewer Service 0 0 9,892,072 0 9,892,072 0 Garbage Collection Fees 0 0 0 5,677,297 5,677,297 0 Charges for Services 0 0 0 565,565 565,565 8,504,962 Premiums 0 0 0 0 0 6,884,629 Other 1,324,104 454,862 264,619 56,662 2,100,247 242,329 Total Operating Revenues 59,850,518 10,779,820 10,156,691 6,299,524 87,086,553 15,631,920 Operating Expenses Electric Operations 46,004,817 0 0 0 46,004,817 0 Salaries and Benefits 0 1,284,231 1,826,720 1,821,544 4,932,495 2,554,708 Supplies 0 32,508 381,870 340,455 754,833 852,385 Maintenance 0 36,114 118,006 580,703 734,823 268,217 Purchased Professional Services 0 23,584 146,920 571,769 742,273 94,663 Purchased Property Services 0 1,073,141 595,597 1,356,412 3,025,150 93,253 Other Purchased Services 0 224,237 257,755 552,213 1,034,205 608,899 Claims 0 0 0 0 0 4,140,516 Administration Fees 0 0 0 0 0 567,944 Premiums 0 0 0 0 0 762,540 Reimbursed Administrative 0 1,478,910 860,537 579,158 2,918,605 1,047,627 Depreciation 4,069,077 2,001,582 2,292,589 172,395 8,535,643 2,795,113 Other 0 35,603 52,297 31,096 118,996 42,704 Total Operating Expenses 50,073,894 6,189,910 6,532,291 6,005,745 68,801,840 13,828,569 Operating Income 9,776,624 4,589,910 3,624,400 293,779 18,284,713 1,803,351 Nonoperating Revenues (Expenses) Investment Income 844,660 427,448 493,314 55,929 1,821,351 572,842 Reimbursed Expenses 224,959 6,886 2,948 2,680 237,473 77,592 Earnings in Joint Venture 0 0 0 415,718 415,718 0 Interest Expense (955,134) (1,488,323) (1,441,386) 0 (3,884,843) 0 Other, Net (221,082) (91,848) 55,223 (33,133) (290,840) 434,599 Total Nonoperating Revenues (Expenses)(106,597) (1,145,837) (889,901) 441,194 (1,701,141) 1,085,033 Income Before Capital Contributions and Transfers 9,670,027 3,444,073 2,734,499 734,973 16,583,572 2,888,384 Capital Contributions and Transfers Capital Contributions 2,067,514 1,557,068 1,052,883 0 4,677,465 0 Transfers In 0 0 0 0 0 76,479 Transfers Out (6,139,768) (971,428) (1,352,561) (381,500) (8,845,257) (723,995) Total Capital Contributions and Transfers (4,072,254) 585,640 (299,678) (381,500) (4,167,792) (647,516) Change in Net Assets 5,597,773 4,029,713 2,434,821 353,473 12,415,780 2,240,868 Beginning Net Assets 52,985,525 51,168,804 45,188,648 14,657,919 20,208,522 Ending Net Assets 58,583,298$ 55,198,517$ 47,623,469$ 15,011,392$ 22,449,390$ Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds: 633,625 Change in net assets of business-type activities:13,049,405$ The notes to the financial statements are an integral part of this statement. 32 33 CITY OF COLLEGE STATION, TEXAS Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended September 30, 2006 Governmental Business-type Activities - Enterprise Funds Activities Electric Water Sewer Other Enterprise Funds Total Enterprise Funds Internal Service Funds Cash Flows from Operating Activities: Cash Received from Customers 58,977,226$ 10,672,487$ 10,048,995$ 6,238,153$ 85,936,861$ 15,634,900$ Cash Payments to Suppliers for Goods and Services (42,676,219) (1,959,312) (1,774,182) (3,911,690) (50,321,403) (8,885,483) Cash Payments to Employees for Services (2,896,159) (1,269,526) (1,812,317) (1,810,626) (7,788,628) (2,508,719) Customer Deposits Received (51,057) 22,345 0 691 (28,021) 0 Cash Received for Reimbursed Expenses 224,959 6,886 2,948 2,680 237,473 77,589 Cash Received for Miscellaneous Revenues 0 0 18,023 4,339 22,362 297,106 Cash Received from Other Funds 0 0 0 0 0 436 Cash Paid for Miscellaneous Expenses (191,649) (106,174) 0 (37,472) (335,295) (3,118) Net Cash Provided by Operating Activities 13,387,101 7,366,706 6,483,467 486,075 27,723,349 4,612,711 Cash Flows from Noncapital Financing Activities: Transfers In from Other Funds 0 0 0 0 0 70,233 Transfers Out to Other Funds (6,139,768) (971,428) (1,352,561) (381,500) (8,845,257) (723,995) Net Cash Used by Noncapital Financing Activities (6,139,768) (971,428) (1,352,561) (381,500) (8,845,257) (653,762) Cash Flows from Capital and Related Financing Activities: Acquisition and Construction of Capital Assets (12,009,160) (11,983,042) (5,264,992) (42,763) (29,299,957) (3,434,932) Proceeds from Sale of Assets 0 0 0 0 0 194,551 Principal Paid on Revenue Bonds (1,330,966) (1,413,839) (1,960,195) 0 (4,705,000) 0 Interest Paid on Revenue Bonds (902,579) (1,458,748) (1,427,621) 0 (3,788,948) 0 Proceeds from Revenue Bonds 7,850,000 6,000,000 3,000,000 0 16,850,000 0 Net Cash Used by Capital and Related Financing Activities (6,392,705) (8,855,629) (5,652,808) (42,763) (20,943,905) (3,240,381) Cash Flows from Investing Activities: Purchase of Investments (30,366,995) (15,845,238) (17,169,896) (1,817,233) (65,199,362) (19,244,252) Proceeds from Sale and Maturities of Investment Securities 33,779,930 19,472,900 19,723,421 2,010,368 74,986,619 21,265,267 Investment Income 858,317 454,327 510,940 58,129 1,881,713 589,676 Net Cash Provided by Investing Activities 4,271,252 4,081,989 3,064,465 251,264 11,668,970 2,610,691 Net Increase in Cash and Cash Equivalents 5,125,880 1,621,638 2,542,563 313,076 9,603,157 3,329,259 Cash and Cash Equivalents, Oct. 1 6,429,885 4,098,854 3,886,775 380,307 14,795,821 4,017,640 Cash and Cash Equivalents, Sept. 30 11,555,765$ 5,720,492$ 6,429,338$ 693,383$ 24,398,978$ 7,346,899$ 34 CITY OF COLLEGE STATION, TEXAS Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended September 30, 2006 Governmental Business-type Activities - Enterprise Funds Activities Electric Water Sewer Other Enterprise Funds Total Enterprise Funds Internal Service Funds Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating Income 9,776,624$ 4,589,910$ 3,624,400$ 293,779$ 18,284,713$ 1,803,351$ Adjustment to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation, Bad Debt Expense, Inventory Loss 4,069,077 2,001,582 2,292,589 172,395 8,535,643 2,795,113 Provision for Uncollectible Accounts 21,964 6,120 6,788 5,602 40,474 0 Miscellaneous Nonoperating Revenues 224,959 6,886 20,971 7,019 259,835 374,695 Miscellaneous Nonoperating Expenses (191,649) (106,174) 0 (37,472) (335,295) (3,118) Changes in Assets and Liabilities: Change in Accounts Receivable (873,292) (107,333) (107,696) (100,421) (1,188,742) 1,976 Change in Deferred Revenues 0 0 0 39,050 39,050 0 Change in Inventory (120,560) (25,329) (16,622) (1,060) (163,571) 14,290 Change in Prepaid Costs 0 0 0 0 0 (10,970) Change in Accounts Payable 481,099 963,994 646,634 87,554 2,179,281 94,277 Change in Due to Other Funds 0 0 0 0 0 436 Change in Claims Payable 0 0 0 0 0 (493,328) Change in Accrued Liabilities 28,960 8,915 9,187 13,542 60,604 11,569 Change in Refundable Deposits (51,057) 22,345 0 691 (28,021) 0 Change in Accrued Vacation 20,976 5,790 7,216 5,396 39,378 24,420 Total Adjustments 3,610,477 2,776,796 2,859,067 192,296 9,438,636 2,809,360 Net Cash Provided by Operating Activities 13,387,101$ 7,366,706$ 6,483,467$ 486,075$ 27,723,349$ 4,612,711$ Noncash Operating, Financing, Capital and Investing Activities: During the Fiscal year the Enterprise Fund added contributed capital in the amount of $4,677,465. Adjustments at 9/30/06 to investments to record income accrual and fair value changes were as follows: Enterprise Fund $260,607 and Internal Service Funds, 77,740. The notes to the financial statements are an integral part of this statement. 35 36 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 I. Summary of Significant Accounting Policies A. Financial Reporting Entity The City of College Station, Texas ("City"), the financial reporting entity presented in these financial statements, was incorporated in 1938 and is a municipal corporation incorporated under the provisions of H.B. 901 of the Texas Legislature. The City operates under a Council- Manager form of government and provides such services as authorized by its charter to advance the welfare, health, comfort, safety and convenience of the City and its inhabitants. The City of College Station entered into a joint venture in 1990 with the City of Bryan, Texas creating the Brazos Valley Solid Waste Management Agency ("BVSWMA"). BVSWMA was formed to combine landfill operations for the two cities. It is subject to joint control, and each City holds a 50% interest and ownership in BVSWMA. The City's equity interest in BVSWMA is reported in the Sanitation Fund. (See Note V-D). The financial statements of the City have been prepared in conformity with generally accepted accounting principles ("GAAP") as applied to state and local governments. The more significant of the City's accounting policies are described below. B. Government-Wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net assets and the statement of activities) report information on all of the nonfiduciary activities of the City. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses for a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services or privileges provided by a given function or segment and (2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available City of College Station, Texas 37 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. The City considers revenues to be available if they are collected within 30 days of the end of the current fiscal period. Expenditures are generally recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to vacation, claims, and judgments, are recorded only when payment is due. Property taxes, other local taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and, therefore, have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when the City receives cash. The City reports the following major governmental funds: The General Fund is the City's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. All general tax revenues and other receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this fund. General operating expenditures, fixed charges and capital improvement costs that are not paid through other funds are paid from the General Fund. The Debt Service Fund accounts for the financial resources accumulated for the payment of principal, interest and related costs on long-term debt paid primarily from taxes levied by the City. The fund balance of the Debt Service Fund is reserved to signify that the amounts are restricted exclusively for debt service expenditures. The Streets Capital Projects Fund accounts for the costs of new street construction, street improvements, and traffic signalization made with funds provided by proceeds from the sale of general obligation bonds and by investing those proceeds. The City reports the following major proprietary funds: The Electric Fund accounts for the activities necessary to provide electric services to the residents of the City. These activities include administration, distribution system operations and maintenance, transmission system operations and maintenance, new construction, and financing and related debt service. Billing and collection services are accounted for as an internal service fund. The Water Fund accounts for the activities necessary to provide water services to the residents of the City. These activities include administrative services, water production and distribution system operations and maintenance, new construction, financing and related debt service. Billing and collection services are accounted for as an internal service fund. The Sewer Fund accounts for the activities necessary to provide sewer collection and treatment services to the residents of the City. These activities include administrative services, wastewater system operations and maintenance, new construction, financing and related debt service. Billing and collection services are accounted for as an internal service fund. Additionally, the City reports the following fund types: Internal service funds account for activities related to the operation and maintenance of the City's radio and telephone systems; administration of health insurance provided to City employees; the City's risk management activities, including general liability, unemployment, City of College Station, Texas 38 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 and workers' compensation claims and associated administrative expenses on a cost reimbursement basis; utility billing and collection activities related to the City's electric, water, and sewer utilities and residential and commercial garbage collection; activities related to the management of the City's vehicles and heavy equipment, including preventative maintenance and vehicle repair; activities related to the City's printing and mail operations; and activities related to the purchase and replacement of vehicles and large motorized equipment, telephone and radio systems, and technological infrastructure equipment not budgeted in other funds. Private sector standards of accounting and financial reporting issued prior to December 1, 1989, generally are followed in both the government-wide and proprietary fund financial statements to the extent that those standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board. Governments also have the option of following subsequent private sector guidance for their business-type activities and enterprise funds, subject to this same limitation. The City has elected to not follow subsequent private sector guidance. In general, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this rule are payments-in-lieu of taxes, indirect costs and franchise fees, and other charges between the City's Electric, Water, and Sewer funds because elimination of these charges would distort the direct costs and program revenues reported in the Statement of Activities. Amounts reported as program revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and (2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services in connection with the fund's principal ongoing operations. The principal operating revenues of the City's enterprise and internal service funds are charges for customer services including electric, water, sewer, and sanitation fees, equipment purchase amounts, and risk management charges. Operating expenses for enterprise funds and internal service funds include the cost of services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the City's policy to use unrestricted resources first, and then restricted resources as they are needed. D. Implementation of New Accounting Principles In fiscal year 2006, the City adopted three new statements of financial accounting standards issued by the Governmental Accounting Standards Board (GASB): GASB Statement No. 44 – Economic Condition Reporting, The Statistical Section – An Amendment of NCGA Statement 1 (“GASB 44”) GASB Statement No. 44 establishes and modifies requirements related to the supplementary information presented in a statistical section. Accordingly, the statistical section has been revised to conform with the provisions of GASB Statement No. 44. City of College Station, Texas 39 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 GASB Statement No. 46 – Net Assets Restricted by Enabling Legislation – An Amendment of GASB Statement No. 34 (“GASB 46”) GASB Statement No. 46 amends GASB Statement No. 34 in making clarifications regarding the understandability and comparability of net asset information by making the assessment of legal enforceability more uniform across governments. GASB Statement No. 47 – Accounting for Termination Benefits (“GASB 47”) GASB Statement No. 47 establishes standards of accounting and financial reporting for termination benefits by providing guidance to governmental employers for measuring, recognizing, and reporting liabilities and expense/expenditures related to all termination benefits. E. Assets, Liabilities, and Net Assets or Equity Cash and Cash Equivalents Cash and cash equivalents are short term highly liquid investments that are (a) readily convertible to known amounts of cash and (b) so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Therefore, for purposes of the statement of cash flows, cash and cash equivalents (including restricted assets) include demand accounts, investment pools, money market mutual funds, and agency securities notes with original maturities of three months or less when purchased. All cash, except for petty cash accounts, is deposited with the City's depository bank in interest bearing accounts or is invested. The City uses a pooling method to account for cash and cash equivalents. Equity in cash and cash equivalents and interest income from the cash pool is allocated to the participating funds on a monthly basis. The amount of the allocation is determined by calculating a ratio of each fund's equity in the pool to the total pool. Investments Investments are made in accordance with the City's Investment Policy which was adopted by the City Council in October 2005. This policy is applicable to all City funds and permits investment in obligations of the U.S. Government or its agencies, repurchase agreements, commercial paper, certificates of deposit, guaranteed investment contracts, public funds investment pools, and money market mutual funds. This policy states that the City Manager shall designate the City’s Investment Officer with whom responsibility and authority for investment transactions reside. The investments purchased under the provisions of the Investment Policy are managed to maintain liquidity for meeting the City's needs for cash and to limit potential market risks in periods of rising interest rates which depress the market value of securities. As a guideline, maturity of securities should not exceed five years for cash management purposes, with an optimum weighted average maturity of less than two years. Investments in securities of a longer maturity than two years are considered prudent for funds maintained for capital construction and debt service funds, if necessary to meet projected disbursement schedules. As a general guideline, the City’s cash management portfolio is designed with the objective of meeting, over the course of full market cycles, the average return on three-month U.S. Treasury Bills, or the average rate of federal funds, whichever is higher. These indices are considered City of College Station, Texas 40 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 benchmarks for riskless investment transactions and therefore comprise a standard for the portfolio's rate of return. The investment program seeks to augment rates of return above this level. In a diversified portfolio, measured losses are inevitable and must be considered within the context of the overall portfolio. The objective in investment of construction funds is at least to match inflation increases in construction costs. Active portfolio management includes the practice of selling securities prior to maturity and using the proceeds to purchase other securities. Such "swaps" are performed for a variety of valid reasons: to lengthen maturities as interest rates rise, to secure market profits and shorten maturities as interest rates fall, and to take advantage of the differences in relative yield between different types of securities and varying maturities. "Swap" analysis is the responsibility of the City's Investment Officer and the decision to execute the "swap" rests with him. To protect the portfolio from imprudent trading, no security may be sold until such time as the current market value of the security plus interest earned from date of purchase is at least equal to the purchase price of that security. State statutes authorize the City to invest in fully-insured time deposits, direct debt securities of the United States or its agencies, and fully collateralized repurchase agreements. The repurchase agreements must be purchased pursuant to a master repurchase agreement which specifies that the transaction be held in a safekeeping account subject to the control and custody of the City. Investments in security repurchase agreements may be made only with the City's depository bank, with state or national banks domiciled in the state of Texas, or with securities dealers reporting to the Federal Reserve Bank of New York ("Primary Dealers"). All securities are purchased delivery-vs.-payment and held in the City's name in a safekeeping account at JP Morgan Chase Bank. Investments of all funds consist mainly of Agency securities, a money market mutual fund with Fidelity, and investments in Texpool’s public funds investment pool. Investments are stated at fair value in accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools. The City also uses a pooling method to account for investments. Equity in investments and interest income from the investment pool is allocated to the participating funds on a monthly basis and is determined by calculating a ratio of each fund's equity in the investment pool to the total pool. GASB Statement No. 31 provides that governmental entities may report all investments at fair value or they may elect to report certain money market investments and participating interest- earning investment contracts at amortized cost. The City has elected to report all investments at fair value. Inventories and Prepaid Costs Inventories are accounted for using the consumption method and are valued at year-end based on cost, with cost determined using an average cost method. Payments made to vendors for services that will benefit periods beyond September 30, 2006, are recorded as prepaid costs with a reserve for prepaid items recognized in the governmental funds in the fund level financial statements to signify that a portion of fund balance is not available for other subsequent expenditures. City of College Station, Texas 41 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Interfund Transactions and Receivables/Payables Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either "due to/from other funds" (i.e., the current portion of interfund loans) or "advances to/from other funds" (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as "due to/from other funds." Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as "internal balances." Restricted Assets In the Enterprise Funds, proceeds of utility revenue bonds, as well as resources set aside for their repayment, are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. In addition, customer utility deposits are classified as restricted assets because the deposit remains the property of the customer and is not available for operations. In the General Fund, restricted assets are comprised of Municipal Court cash bonds, Municipal Court technology funds, Municipal Court efficiency time payment fee funds, Municipal Court security funds, Municipal Court juvenile case manager funds, and police seizure funds, all of which are not available for operations. Investment in Joint Venture The Proprietary Funds' investment in joint venture is recorded using the equity method of accounting. Required disclosures concerning the joint venture are presented in Note V-D. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the applicable governmental or business- type activities columns in the government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of three years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. Assets owned by the electric utility are capitalized in accordance with Federal Energy Regulatory Commission (FERC) guidelines. Furthermore, assets owned by either the water or sewer utilities are capitalized in accordance with the National Association of Regulatory Utility Commissioners (NARUC) guidelines. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend the asset's useful life are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. In accordance with Financial Accounting Standards Board Statement No. 71, interest is not capitalized during construction of capital assets of business-type activities because interest is recovered currently in the City's established rate. Depreciation of all assets is recorded and calculated using the straight-line method over the following estimated useful lives: Electric System 1-50 Years Water System 2-50 Years Sewer System 2-50 Years Infrastructure 10-50 Years City of College Station, Texas 42 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Buildings and Building Improvements 5-50 Years Land Improvements 10-45 Years Machinery and Equipment 5-20 Years Motor Vehicles 3-12 Years Furniture, Fixtures and Office Equipment 5-20 Years Compensated Absences Employees are credited with vacation at rates of 10 to 20 days per year, depending upon length of service. Carryover of unused vacation time from one year to the next is allowed for a maximum of two years. Upon termination, the respective employees are paid for any accrued vacation not taken (up to the two-year maximum). Accumulated vacation is accrued when earned in the government-wide and proprietary fund financial statements. No liability has been recorded in the governmental fund financial statements. Employees are credited with sick leave at the rate of one day per month. There is no maximum to the number of sick days that each employee can accumulate. Because the City does not pay employees for unused accumulated sick leave, no related liability has been recorded in the financial statements. Long-Term Obligations In the government-wide financial statements and in the fund financial statements for the proprietary fund types, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund statement of net assets. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount and deferred amounts on refundings. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Fund Equity In the fund financial statements, governmental funds report reservations of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for specific purpose. Designations of fund balance represent tentative management plans that are subject to change. F. Budgetary Control The City follows these procedures in establishing the budgetary data: 1. Prior to September 1, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following October 1. The operating budget includes proposed expenditures and the means for financing them. City of College Station, Texas 43 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 2. All budget requests are compiled by the Office of Budget and Strategic Planning and then presented with comparative and supporting data to the Mayor and City Council for review. 3. Public hearings are properly advertised and conducted at City Hall for taxpayer comments. 4. Prior to September 27, the budget is legally enacted through passage of an ordinance. 5. The City Council must approve all transfers of budgeted amounts between departments within any fund and any revision that alters the total expenditures of any fund. An amount is also budgeted each year for contingencies which may arise. The Council has authorized the City Manager to make budget transfers for contingencies if the amount does not exceed $15,000. All other transfers must be approved by City Council. City Council may transfer amounts among individual budget line items within major expenditure categories during the year, but no such transfer may increase the overall total budget. Budgeted amounts as originally adopted were not significantly changed by such transfers during the year. 6. In accordance with the City Charter, the budget may be amended after the following conditions are met: (a) The City Manager certifies that there are available revenues in excess of those estimated in the budget. (b) The City Council holds a public hearing on the supplemental appropriation. (c) The City Council approves the supplemental appropriation. Management may not amend the budget without seeking the approval of the City Council. II. Reconciliation of Government-Wide and Fund Financial Statements A. Explanation of Certain Differences Between the Governmental Fund Balance Sheet and the Government-Wide Statement of Net Assets The governmental fund balance sheet includes a reconciliation between fund balance--total governmental funds and net assets--governmental activities as reported in the government- wide statement of net assets. The details of this $84,907,922 difference are as follows: When capital assets (land, buildings, equipment, etc.) that are to be used in governmental activities are purchased or constructed, the costs of those assets are reported as expenditures in governmental funds. However, the statement of net assets includes those capital assets among the assets of the City as a whole. Cost of Capital Assets 257,980,085$ Accumulated Depreciation (95,032,655) Net Capital Assets 162,947,430$ Long-term liabilities applicable to the City's governmental activities are not due and payable in the current period and, accordingly, are not reported as fund liabilities in the governmental funds. All liabilities, both current and long-term, are reported in the statement of net assets. Bonds Payable (97,320,000)$ Accrued Interest Payable (590,152) Compensated Absences (1,816,537) (99,726,689)$ City of College Station, Texas 44 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Because the focus of governmental funds is on short-term financing, some assets will not be available to pay for current period expenditures. Those assets (for example, receivables) are offset by deferred revenues in the governmental funds and, thus, are not included in fund balance. Deferred revenue for emergency medical services, paving assessments, and property taxes shown on the governmental fund statements is not deferred on the statement of net assets. Deferred Property Tax Revenue 413,079$ Deferred Emergency Medical Services Revenue 713,793 Paving Assessment Revenue 373,512 1,500,384$ Internal service funds are used by management to charge certain activities, such as self insurance, print-mail services, and fleet maintenance, to individual funds. The assets and liabilities of certain internal service funds are included in governmental activities in the statement of net assets. 20,186,797$ B. Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances and the Government-Wide Statement of Activities The governmental fund statement of revenues, expenditures, and changes in fund balances includes a reconciliation between net changes in fund balances--total governmental funds and changes in net assets of governmental activities as reported in the government-wide statement of activities. One element of that reconciliation explains that "Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense." The details of this $4,706,226 difference are as follows: Capital Outlay 11,610,189$ Depreciation Expense (6,903,963) Net Adjustment to increase net changes in fund balances- total governmental funds to arrive at changes in net assets of governmental activities 4,706,226$ Another element of that reconciliation states that "The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase net assets." The details of the $7,477,874 difference are as follows: Donated Capital Assets 7,477,874$ The net effect of miscellaneous capital asset transactions increase net assets in the statement of activities, but do not appear in the governmental funds because they are not financial resources.7,477,874$ City of College Station, Texas 45 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Another element of that reconciliation states that "The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities." The details of this ($8,415,000) difference are as follows: Debt issued or incurred: Issuance of General Obligation Bonds and Certificates of Obligation (15,700,000)$ Principal Retirement 7,285,000 Net Adjustment to decrease net changes in fund balances- total governmental funds to arrive at changes in net assets of governmental activities (8,415,000)$ Another element of that reconciliation states that "Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds." The details of this ($270,761) difference are as follows: Compensated Absences (232,525)$ Accrued Interest (38,236) Net Adjustment to decrease net changes in fund balances- total governmental funds to arrive at changes in net assets of governmental activities (270,761)$ City of College Station, Texas 46 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 III. Stewardship, Compliance, and Accountability A. Budgetary Information The Council approved three budget amendments during fiscal year 2006. These budget amendments included the following appropriations: Police and Fire Grants 436,225$ Animal Control Services ILA 77,000 Emergency Management Positions 43,778 Bee Creek Drainage Project 605,000 Arrington/Decatur Street Extension 423,991 Gainsharing 208,314 Fleet Shop Enhancements 201,500 Demolition Funds 30,000 PEG Fee Expenditures 23,100 FEMA Reimbursement 180,081 Jones Butler Street Extension 1,000,000 Arrington Rd Realignment 75,480 Parks Capital Projects 154,831 Fleet Car Wash 27,950 Replacement Vehicle 15,945 Fiber Optic Splicing Unit Replacement 9,000 Police Equipment 10,000 Library Book Donations 6,000 Purchased Power 5,500,000 Council Audio/Visual Upgrade 16,276 Topographical Aerial Map Project 224,678 9,269,149$ 1. Budget appropriations are adopted at the fund level for all funds except the General Fund. In the General Fund, budget appropriations are adopted at the department level. Expenditures in excess of appropriations for each fund are prohibited by the City Charter. Appropriations that have not been expended or lawfully encumbered lapse at the end of the budget year. 2. Formal budgetary integration is legally enacted and employed as a management control device during the year for all funds. 3. Encumbrance accounting is employed in governmental funds. Encumbrances (e.g., purchase orders, contracts) outstanding at year end are reported as reservations of fund balances and do not constitute expenditures or liabilities. City of College Station, Texas 47 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 B. Excess of Expenditures Over Appropriations The amounts of any excesses of expenditures/expenses over appropriations during fiscal year 2006, and the funds in which they occurred are as follows: Fund Amount Drainage Projects 42,873$ Print/Mail 2,441 Fleet Maintenance 147,103 Employee Benefits 413,771 Higher than expected capital outlay expenditures primarily resulted in the $42,873 excess in the Drainage Projects fund. Higher than expected maintenance and advertising expenses resulted in the $2,441 excess in the Print/Mail fund. Higher than expected salaries and benefits, supplies, and capital outlay expenses resulted in the $147,103 excess in the Fleet Maintenance fund. Higher than expected claims and administrative fee expenses resulted in the $413,771 excess in the Employee Benefits fund. IV. Detailed Notes on All Funds A. Cash and Investments Cash and investments are accounted for within the pooled cash fund of the City. The City records investments at fair value in accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools. Cash and cash equivalents, investment balances and interest income are allocated to the City’s participating funds on a monthly basis. The amount of the allocation is based on each fund's proportional equity to total pooled equity. Weighted Average Fair Value Maturity (days) Bank Demand Accounts 3,179,230$ 1 U.S. Agency Bonds 52,734,861 441 Treasury Securities 8,247,294 557 Texas Local Government Investment Pool 64,204,308 1 Fidelity Money Market Mutual Fund 1,736,715 1 130,102,408$ Portfolio Weighted Average Maturity 501 Interest rate risk. In accordance with the City's Investment Policy, interest rate risk is managed by limiting the weighted average maturity of the investment portfolio to two years (approximately 720 days) or less and by limiting the maximum maturity of any security purchased to five years or less. City of College Station, Texas 48 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Credit risk. Investments authorized by the City’s policy are those approved by the revised State of Texas Public Funds Investment Act of 1997 and the Texas Public Collateral Act of 1989. These investments include the following: ƒ Obligations of the United States or its agencies and instrumentalities; ƒ Direct obligations of the State of Texas or its agencies; ƒ Other obligations, the principal and interest on which is unconditionally guaranteed or insured by the State of Texas or the United States or its agencies; ƒ Obligations of states, agencies, counties, cities, and other political subdivisions of any state having been rated as to investment quality by a nationally recognized investment rating firm and having received a rating of not less than “A” or its equivalent; ƒ Certificates of deposit issued by state and national banks domiciled in Texas that are secured by obligations qualified as acceptable collateral; ƒ Certificates of deposit issued by savings and loan associations domiciled in Texas that are secured obligations qualified as acceptable collateral; ƒ Repurchase agreements or reverse repurchase agreements; ƒ Commercial paper with a stated maturity of 270 days or less from the date of issuance that is rated not less than “A-1,” “P-1,” or its equivalent; ƒ Money market mutual funds that are SEC registered no-load funds with dollar- weighted average portfolio maturity of 120 days or less; ƒ Guaranteed investment contracts; or ƒ Public funds investment pools. As of September 30, 2006 the City’s investments were rated by Standard & Poor's and Moody's as follows: S&P Moody's Texpool AAAm N/A* Fidelity Money Market Mutual Fund AAAm Aaa Federal Home Loan Bank AAA Aaa** Federal National Mortgage Association AAA Aaa Federal Farm Credit Bank AAA Aaa *Texpool is only rated by S&P. **FHLB Cusip 3133XCRR6 is only rated by S&P. Credit concentration. With the exception of U.S. Treasury securities and authorized pools, the City's Investment Policy limits the investment in a single security type or with a single financial institution to 30%. It also limits the overall investment in Federal Agency securities to 70%. At September 30, 2006 the issuers whose securities represented more than 5% of the City's investment portfolio were as follows: the Federal Home Loan Bank (18%), the Federal National Mortgage Association (10%), and the Federal Farm Credit Banks (15%). Custodian credit risk - deposits. In the case of deposits, this is the risk that in the event of a bank failure, the government's deposits may not be returned to it. The City of College Station's City Council has approved a depository services contract which governs its depository relationship. This contract requires that deposits not covered by depository insurance be collateralized at 105%. City of College Station, Texas 49 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Custodian credit risk - investments. For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The City's investment portfolio requires that all security transactions be conducted on a Delivery-vs.- Payment basis and that all securities be held by a third party custodian and evidenced by safekeeping receipts. B. Receivables Receivables as of year end for the City's individual major funds and nonmajor and internal service funds in the aggregate, including the applicable allowances for uncollectible accounts, are as follows: Internal Governmental Activities:Debt Streets Service Fund General Service Projects Nonmajor Allocation Total Taxes: Property 184,842$ 228,237$ -$ -$ -$ 413,079$ Beverage 81,622 - - - - 81,622 Sales 1,471,983 - - - - 1,471,983 Subtotal Taxes 1,738,447 228,237 - - - 1,966,684 Accrued Interest 36,732 8,806 77,810 95,306 43,164 261,818 Grants 90,013 - - 394,753 - 484,766 Accounts/Charges for Services 913,106 - 373,512 221,339 31,693 1,539,650 Miscellaneous 28,850 - - - - 28,850 Total Gross Governmental 2,807,148 237,043 451,322 711,398 74,857 4,281,768 Less Allowance for Uncollectible Accounts (265,688) - - (76,048) (2,249) (343,985) Net Total Receivables 2,541,460$ 237,043$ 451,322$ 635,350$ 72,608$ 3,937,783$ Business-type Activities:Internal Service Fund Electric Water Sewer Nonmajor Allocation Total Accrued Interest 83,642$ 29,534$ 38,247$ 4,505$ 548$ 156,476$ Accounts/Charges for Services 8,583,944 1,482,676 1,316,470 758,823 29,092 12,171,005 Miscellaneous 1,098,345 - - 12,522 13,586 1,124,453 Total Gross Business-type 9,765,931 1,512,210 1,354,717 775,850 43,226 13,451,934 Less Allowance for Uncollectible Accounts (1,717,261) (67,496) (130,923) (80,129) (21,376) (2,017,185) Net Total Receivables 8,048,670$ 1,444,714$ 1,223,794$ 695,721$ 21,850$ 11,434,749$ Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received but not yet earned. As of fiscal year end, the various components of deferred revenue and unearned revenue reported in the governmental funds were as follows: City of College Station, Texas 50 Unavailable Unearned Total Property Tax 413,079$ -$ 413,079$ Special Assessments 373,512 - 373,512 Fines and Penalties - 645,086 645,086 Emergency Services 713,793 - 713,793 Other 25,000 - 25,000 1,525,384$ 645,086$2,170,470$ Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 C. Capital Assets Capital asset activity for the year ended September 30, 2006 was as follows: Beginning Ending Governmental Activities Balance Increases Decreases Balance Capital Assets, Not Being Depreciated Land 25,034,570$ 2,658,560$ -$ 27,693,130$ Construction in Progress 19,498,927 11,950,417 (11,548,780) 19,900,564 Total Capital Assets, Not Being Depreciated 44,533,497 14,608,977 (11,548,780) 47,593,694 Capital Assets, Being Depreciated Buildings and Building Improvements 20,294,477 111,534 - 20,406,011 Improvements Other Than Buildings 17,751,028 3,802,084 - 21,553,112 Machinery and Equipment 26,568,816 4,881,734 (688,935) 30,761,615 Infrastructure 153,763,936 10,688,129 - 164,452,065 Total Capital Assets, Being Depreciated 218,378,257 19,483,481 (688,935) 237,172,803 Less Accumulated Depreciation for: Buildings and Building Improvements 5,479,503 533,540 - 6,013,043 Improvements Other Than Buildings 7,017,334 784,639 - 7,801,973 Machinery and Equipment 16,448,755 3,184,233 (617,697) 19,015,291 Infrastructure 74,221,526 5,138,277 - 79,359,803 Total Accumulated Depreciation 103,167,118 9,640,689 (617,697) 112,190,110 Total Capital Assets Being Depreciated, Net 115,211,139 9,842,792 (71,238) 124,982,693 Governmental Type Activities Capital Assets, Net 159,744,636$ 24,451,769$ (11,620,018)$ 172,576,387$ Beginning Ending Business-Type Activities Balance Increases Decreases Balance Capital Assets, Not Being Depreciated Land 709,650$ -$ -$ 709,650$ Construction in Progress 26,042,369 29,555,394 (6,096,095) 49,501,668 Total Capital Assets, Not Being Depreciated 26,752,019 29,555,394 (6,096,095) 50,211,318 Capital Assets, Being Depreciated Electric System 94,243,012 6,100,471 (228,425) 100,115,058 Water System 73,845,049 3,153,092 (1,439) 76,996,702 Wastewater System 75,866,488 1,577,660 (33,329) 77,410,819 Buildings and Building Improvements 5,723,063 20,692 - 5,743,755 Machinery and Equipment 1,277,329 17,741 - 1,295,070 Total Capital Assets, Being Depreciated 250,954,941 10,869,656 (263,193) 261,561,404 Less Accumulated Depreciation for: Electric System 42,875,072 3,957,898 (189,334) 46,643,636 Water System 21,936,686 1,925,293 (641) 23,861,338 Wastewater System 19,094,302 2,290,084 (32,509) 21,351,877 Buildings and Building Improvements 565,406 142,713 - 708,119 Machinery and Equipment 1,223,407 29,681 - 1,253,088 Total Accumulated Depreciation 85,694,873 8,345,669 (222,484) 93,818,058 Total Capital Assets Being Depreciated, Net 165,260,068 2,523,987 (40,709) 167,743,346 Business Type Activities Capital Assets, Net 192,012,087$ 32,079,381$ (6,136,804)$ 217,954,664$ City of College Station, Texas 51 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Depreciation expense was charged to governmental activities of the City as follows: Planning and Development Services 4,435$ Fire 79,479 Fiscal Services 16,003 General Government 97,649 Information Services 176,394 Parks and Recreation 680,105 Police 61,725 Public Works 29,124 Non-departmental 5,759,049 Capital Assets Held by the City's Internal Service Funds 2,736,726 Total Depreciation Expense 9,640,689$ D. Interfund Transactions Transfers between funds during the year were as follows: Governmental Business-type Transfers In Transfers Out Activities, net Activities, net General Fund 8,103,371$ (151,564)$ 7,951,807$ -$ Debt Service Fund 2,388,420 - 2,388,420 - Special Revenue Funds: Community Development - (709,460) (709,460) - WPC TIF 300,000 (1,108,452) (808,452) - Capital Projects Funds: Drainage Projects - (49,127) (49,127) - General Government Projects 354,528 (353,059) 1,469 - Parks Projects 626,388 - 626,388 - Streets Projects 91,728 - 91,728 - Enterprise Funds: Electric - (6,139,768) - (6,139,768) Water - (971,428) - (971,428) Sewer - (1,352,561) - (1,352,561) Sanitation - (381,500) - (381,500) Internal Service Funds: Equipment Replacement 59,540 (718,799) (659,259) - Fleet Maintenance - - - - Print/Mail Services 16,939 - 16,939 - Utility Customer Service - (5,196) - (5,196) 11,940,914$ (11,940,914)$ 8,850,453$ (8,850,453)$ Transfers are used to (1) move revenues from the funds with collection authorization to the debt service fund as debt service principal and interest payments become due, (2) move revenues from enterprise funds to the general fund to record the return on the investment, (3) move revenues from enterprise funds to the general fund for economic development activity, (4) move unrestricted general fund revenues to finance various programs that the government must account for in other funds in accordance with budgetary authorizations. City of College Station, Texas 52 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 The composition of due to/due from balances as of September 30, 2006 is as follows: Due To Due From Amount General Fund Print/Mail 65,817$ Electric Fund Hotel Tax Fund 200,000$ The outstanding balance between the general fund and the print/mail funds represents a working capital loan that the general fund expects to collect in the subsequent year. The outstanding balance between the electric fund and the hotel tax fund represents an amount related to an economic development project that is expected to be completed in fiscal year 2007. E. Deferred Charges See Note IV B. F. Long-Term Debt A summary of long-term debt transactions, including current portion, for the year ended September 30, 2006 is as follows: Amounts Beginning Incurred/ Matured/ Ending Due Within Balance Issued Retired Balance One Year Governmental Activities: General Obligation Bonds 49,800,000$ 7,375,000$ 3,340,000$ 53,835,000$ 3,800,000$ Certificates of Obligation 39,105,000 8,325,000 3,945,000 43,485,000 4,020,000 Accrued Vacation 1,806,230 1,340,827 1,136,086 2,010,971 121,828 Governmental Activity Long Term Debt 90,711,230$ 17,040,827$ 8,421,086$ 99,330,971$ 7,941,828$ Business Type Activities: Utility Revenue Bonds 79,215,000$ 16,950,000$ 4,705,000$ 91,460,000$ 4,910,000$ Accrued Vacation: Electric Fund 142,421 139,492 118,516 163,397 8,170 Water Fund 48,498 54,634 48,844 54,288 2,714 Sewer Fund 73,141 73,076 65,859 80,358 4,018 Other 90,864 114,368 101,043 104,189 5,209 Business Type Activity Long Term Debt 79,569,924$ 17,331,570$ 5,039,262$ 91,862,232$ 4,930,111$ Internal service funds predominantly serve the governmental funds. All internal service funds, except for the utility customer service fund, are included as part of the above totals for governmental activities. At year end $72,606 of internal service funds’ accrued vacation was included in governmental activities, and $64,798 of accrued vacation for the utility customer service fund was included in business type activities. For the governmental activities, accrued vacation is generally liquidated by the general fund. City of College Station, Texas 53 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Long-term debt at September 30, 2006 includes the following individual issues (not including unamortized premiums or discounts): Interest Issue Maturity Original Net Rate (%) Date Date Issue Retirement Outstanding General Obligation Bonds: 1996 Issue and Refunding 4.70-7.50 12/1/96 2/15/15 11,845,000$ 8,610,000$ 3,235,000$ 1998 Issue 4.50-6.50 4/1/98 2/15/17 6,200,000 1,780,000 4,420,000 1999 Issue 3.40-5.40 4/15/99 2/15/17 6,230,000 1,760,000 4,470,000 2000 Issue 5.00-7.00 4/13/00 2/15/18 8,460,000 2,520,000 5,940,000 2001 Issue 5.00-7.00 8/1/01 2/15/17 4,140,000 1,880,000 2,260,000 2002 Issue 4.25-6.25 3/1/02 2/15/21 6,445,000 1,320,000 5,125,000 2003 Issue 3.00-5.00 7/9/03 2/15/23 4,790,000 365,000 4,425,000 2004 Issue 2.00-5.00 5/1/04 2/15/24 12,940,000 1,465,000 11,475,000 2005 Issue 4.00-6.00 5/26/05 2/15/25 5,710,000 600,000 5,110,000 2006 Issue 4.375-6.375 7/25/06 2/15/26 7,375,000 - 7,375,000 74,135,000$ 20,300,000$ 53,835,000$ Certificates of Obligation: 2000 Issue 5.00-7.00 4/13/00 2/15/18 4,050,000$ 1,760,000$ 2,290,000$ 2000A Issue 4.75-6.75 8/1/00 2/15/20 8,100,000 2,735,000 5,365,000 2001 Issue 3.50-5.00 8/2/01 2/15/20 3,650,000 2,325,000 1,325,000 2002 Issue 3.50-5.125 3/1/02 2/15/20 14,480,000 4,140,000 10,340,000 2003 Issue 2.50-3.25 12/5/02 2/15/08 1,000,000 585,000 415,000 2003A Issue 3.00-4.25 7/9/03 2/15/23 780,000 60,000 720,000 2004 Issue 2.00-5.00 5/1/04 2/15/24 9,415,000 835,000 8,580,000 2005 Issue 3.00-5.00 5/26/05 2/15/25 7,595,000 1,470,000 6,125,000 2006 Issue 4.375-6.375 7/25/06 2/15/26 8,325,000 - 8,325,000 57,395,000$ 13,910,000$ 43,485,000$ Utility Revenue Bonds: 1995 Issue 5.25-6.25 8/1/95 2/1/16 6,000,000$ 5,700,000$ 300,000$ 1996 Issue 4.15-5.60 12/1/96 2/1/17 10,110,000 9,410,000 700,000 1998 Issue 4.55-6.50 4/1/98 2/1/17 2,700,000 2,125,000 575,000 2000 Issue 5.00-7.00 4/13/00 2/15/18 10,500,000 7,085,000 3,415,000 2001 Issue 3.50-5.50 8/1/01 2/15/21 23,500,000 3,670,000 19,830,000 2002 Issue 4.00-6.00 3/1/02 2/15/22 18,215,000 2,290,000 15,925,000 2003 Issue 3.50-4.25 12/5/02 2/1/14 11,160,000 2,715,000 8,445,000 2003A Issue 2.50-4.25 7/9/03 2/15/23 4,850,000 375,000 4,475,000 2005 Issue 3.50-5.50 5/26/05 2/1/25 8,035,000 140,000 7,895,000 2005A Issue 3.00-5.25 8/18/05 2/1/18 12,995,000 45,000 12,950,000 2006 Issue 4.375-6.375 7/25/06 2/1/26 16,950,000 - 16,950,000 125,015,000$ 33,555,000$ 91,460,000$ City of College Station, Texas 54 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 The annual requirements to amortize debt outstanding as of September 30, 2006 are as follows. Due to the nature of the obligation for accrued vacation, annual requirements to amortize such obligations are not determinable and have not been included in the following summary: Governmental Activities General Obligation Certificates of Obligation Year Ended September 30, Principal Interest Principal Interest 2007 3,800,000$ 2,473,234$ 4,020,000$ 1,968,002$ 2008 3,290,000 2,266,861 3,245,000 1,750,482 2009 3,435,000 2,113,076 2,235,000 1,632,956 2010 3,610,000 1,944,722 2,340,000 1,536,545 2011 3,750,000 1,764,919 2,080,000 1,438,968 2012-2016 18,185,000 6,165,719 12,065,000 5,638,214 2017-2021 11,620,000 2,570,553 12,075,000 2,585,532 2022-2026 6,145,000 580,426 5,425,000 534,786 53,835,000$ 19,879,510$ 43,485,000$ 17,085,485$ Business-Type Activities Electric Water Sewer Year Ended September 30, Principal Interest Principal Interest Principal Interest 2007 1,399,265$ 1,192,437$ 1,506,237$ 1,629,941$ 2,004,498$ 1,431,196$ 2008 1,359,856 1,099,686 1,596,463 1,532,387 2,123,680 1,328,058 2009 1,315,945 1,042,591 1,661,026 1,455,350 2,258,029 1,234,961 2010 1,346,703 981,901 1,741,741 1,369,610 2,321,556 1,130,896 2011 1,418,841 915,496 1,880,341 1,273,471 2,285,819 1,020,740 2012-2016 7,715,329 3,502,091 10,633,372 4,868,514 10,646,299 3,529,008 2017-2021 6,801,853 1,869,142 10,852,646 2,254,760 7,930,501 1,310,102 2022-2026 4,928,866 482,614 4,155,654 410,672 1,575,480 146,011 26,286,658$ 11,085,958$ 34,027,480$ 14,794,705$ 31,145,862$ 11,130,972$ The City intends to retire all of its general long-term liabilities, plus interest, from ad valorem taxes. The proprietary fund type long-term debt will be repaid, plus interest, from the operating revenues of the Electric, Water, and Sewer Funds. General Obligation Bonds and Certificates The City issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. General obligation bonds are direct obligations and pledge the full faith and credit of the City. The City is required by bond covenants to create from ad valorem tax revenues a sinking fund sufficient to pay the current interest and principal installments as they become due. In addition to the sinking fund, there are a number of limitations and restrictions contained in the various general obligation bonds and certificate indentures. The City is in compliance with the significant limitations and restrictions at September 30, 2006. On July 25, 2006 the City issued $7.375 million in General Obligation Improvement Bonds with a true interest cost of 4.57%. The proceeds from the sale of the bonds will be used to (1) pay for the cost of construction and acquisition of and improvements to City streets, hike and bike City of College Station, Texas 55 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 trails, sidewalk improvements, traffic control systems, parks, and public facilities, and (2) pay the costs incurred in connection with the issuance of the Bonds. On July 25, 2006 the City issued $8.325 million in Certificates of Obligation with a true interest cost of 4.57%. The proceeds from the sale of the Certificates will be used to pay for the cost of (1) construction, acquisition, and rehabilitation of streets and street lighting; (2) park projects; (3) land acquisition, design of, and construction of a new City-owned cemetery; (4) the acquisition and construction of capital improvements in the Wolf Pen Creek corridor of the City; (5) construction, acquisition of, and improvements to public facilities; and (6) to pay the costs incurred in connection with the issuance of the Certificates. Revenue Bonds Utility system revenue bonds are secured by the net revenues of the Electric, Water, and Sewer Funds as defined in the respective bond indentures. The City pledges income derived from the acquired or constructed assets to pay the debt service. In addition, the City is required to maintain debt service funds and bond reserve funds for all outstanding revenue bonds. Amounts in the reserve fund are to be used to pay principal and interest on outstanding bonds at any time sufficient funds are not available in the bond interest and redemption fund. The bond indentures require that the City accumulate reserves to an amount equal to the average annual principal and interest requirements of all outstanding bonds secured by the net revenues of the system. On July 25, 2006 the City issued $16.95 million in Utility System Revenue Bonds with a true interest cost of 4.61%. Proceeds from the sale of the bonds will be used for electric, water, and wastewater system improvements and for payment of the costs incurred in connection with the issuance of the Bonds. Arbitrage Compliance Arbitrage provisions of the Internal Revenue Tax Act of 1986 require the City to rebate to the federal government excess arbitrage earnings from bond proceeds. As of September 30, 2006, the City did not have an arbitrage rebate liability. Defeasance In prior years, the City has defeased certain revenue refunding bonds totaling $74,140,000 and certain general obligation bonds and certificates of obligation totaling $18,392,126 by placing the proceeds of the refunding bonds in an irrevocable trust to provide for all future debt service on the refunded bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the City's financial statements. At September 30, 2006, the outstanding principal balance of the defeased revenue refunding bonds was $21,410,000 and the outstanding principal balance of the defeased general obligation bonds and certificates of obligation was $6,075,000. The assets, liabilities, and financial transactions of all of these trust accounts and the liability for refunded (defeased) bonds are not reflected in the financial statements of the City. City of College Station, Texas 56 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 The tables below reflect refunded debt outstanding at September 30, 2006 and are net of any amounts to be paid or retired by the trustee on October 1, 2006: Refunded in Prior Years Utility System Revenue & Refunding Bonds, Series 1993 1,750,000$ Utility System Revenue Bonds, Series 1994 6,600,000 Utility System Revenue Bonds, Series 1995 2,700,000 Utility System Revenue Bonds, Series 1996 4,260,000 Utility System Revenue Bonds, Series 1998 1,330,000 Utility System Revenue Bonds, Series 2000 4,770,000 General Obligation & Refunding Bonds, Series 1991 750,000 General Obligation & Refunding Bonds, Series 1994 2,200,000 General Obligation Bonds, Series 1995 2,350,000 General Obligation Refunding Bonds, Series 1996 775,000 27,485,000$ G. Reservations of Fund Balances and Net Assets Fund balances for governmental funds have been reserved at September 30, 2006 as follows: Reserved Governmental Funds: General Fund: Reserved for Encumbrances 700,864$ Reserved for Inventory 52,325 Reserved for Police Seizure 26,912 Reserved for Court Technology 299,456 Reserved for Court Security 339,935 Reserved for Court Efficiency Improvements 34,921 Reserved for Juvenile Case Manager 69,206 Debt Service: Reserved for Encumbrances 6,100 Reserved for Bond Debt Service 3,066,675 Other Governmental Funds: Reserved for Encumbrances 11,742,885 Reserved for Capital Projects 33,031,408 Reserved for Endowment 1,264,906 Total 50,635,593$ City of College Station, Texas 57 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 V. Other Information A. Property Taxes Property tax is levied each October 1 on the assessed (appraised) value listed as of the prior January 1 for all real and business personal property located in the City. Taxable assessed value represents the appraisal value less applicable exemptions authorized by the City Council. Taxes are due October 1 and are delinquent after the following January 31. Tax liens are automatic and become enforceable as of January 1 of each year. Taxes become delinquent February 1 and are subject to interest and penalty charges. The tax rate to finance general governmental services including debt service was 43.94 cents per $100 of assessed valuation for the year ended September 30, 2006. Under current state statutes, the City's ability to increase the levy for property taxation is subject to a maximum rate of $2.50 per $100 valuation. The Brazos County Appraisal District ("Appraisal District") is responsible for the recording and appraisal of property for all taxing units in Brazos County. The Appraisal District is required to assess property at 100 percent of its appraised value. Real property must be reappraised at least every three years. The City may, at its own expense, require annual reviews by the Appraisal District through various appeals and, if necessary, legal action. Under this system, if the rate, excluding tax rates for bonds and other contractual obligations adjusted for new improvements, exceeds the rate for the previous year by more than eight (8) percent, qualified voters of the City may petition for an election to determine whether to limit the tax rate to no more than eight (8) percent above the tax rate of the previous year. Brazos County bills and collects the property taxes for the City. B. Risk Management A government entity, such as the City of College Station, is faced with many risks. These risks can be generally subdivided into four categories of loss: direct property loss, indirect property loss, liability loss, and personnel losses. The City employs a combination of risk management strategies to provide acceptable levels of protection regarding these potential risks. The City is self-insured for health benefits, and the plan is administered by Blue Cross Blue Shield. This activity is accounted for in the Employee Benefits Fund, which is funded monthly by contributions from employees and from the operating funds of the City. These contributions are determined based on an analysis of prior year claims and administrative costs and a forecast of future claims and administrative costs. The City has a stop-loss insurance policy that limits its liability to $100,000 per individual per year with an aggregate, annual liability of $1,000,000. The liability for outstanding losses includes $209,873 for claims incurred but not reported as of September 30, 2006. In fiscal year 2006 the City was insured by Affiliated FM for all of its real and personal property and mobile equipment. Affiliated FM is funded by calculated contributions from the City's operating funds and provides all of the claims handling for these lines of coverage. The City carries a $100,000 deductible per occurrence on its property insurance policy with Affiliated FM. Property insurance covers all direct losses and some indirect losses. On all lines of liability coverage, the City is self-insured. The City has procured excess liability coverage through State National Insurance Company that is A.M. Best rated A-VII. The self- insured retention ("SIR") is $250,000 per claim. The claims are handled by Risk Management staff. City of College Station, Texas 58 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 The City is also self-insured on its workers' compensation coverage. The City opted for excess workers' compensation coverage with a SIR of $250,000 per claim feature. The City's carrier is State National Insurance Company, and the TPA handles all of the workers' compensation claims. In the event of a simultaneous liability and workers' compensation claim, only one SIR applies. Liabilities in the property and casualty fund and the workers’ compensation fund are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported. Based upon the most recent actuarial study, the City has recorded the potential liability of $342,566 in the property and casualty fund and the potential liability of $613,434 in the workers’ compensation fund. The results of the process to estimate the claims liability is not an exact amount as it depends on many complex factors, such as inflation, changes in legal doctrines, and damage awards. Accordingly, claims are reevaluated periodically to consider the effects of inflation, recent claim settlement trends (including frequency and amount of pay-outs), and other economic and social factors. Lastly, the City also uses its Unemployment Fund to account for self-insurance activity involving claims filed under unemployment compensation laws. Monthly contributions based on a percentage of payroll are determined each year during the budget process and are used to fund this activity. Settlements have not exceeded self-insured retention for each of the past three fiscal years. The liabilities for insurance claims reported in each of the funds are based on Governmental Accounting Standards Board Statement No. 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and if the amount of the loss can be reasonably estimated. These liabilities include an estimate for incurred but not reported claims. Changes in the balances of claims liabilities for the self- insurance funds that are accounted for as Internal Service Funds for fiscal years 2006 and 2005 are as follows: 2006 2005 Unpaid Claims, October 1 1,659,202$ 1,514,527$ Incurred Claims (including IBNR's) 4,140,516 4,110,008 Claims Paid (4,633,844) (3,965,333) Unpaid Claims, September 30 1,165,874$1,659,202$ C. Subsequent Events On December 21, 2006 the City issued General Obligation Refunding Bonds with an average interest rate of 4.36% to refund $8.5 million of series 1996, 1998, and 2000 General Obligation Bonds and $1.685 million of series 2000 Certificates of Obligation. As a result of this refunding the City will reduce its total debt service payments over the next 11 years by approximately $695,665 and will obtain an economic gain (difference between the present values of debt service payments on the old and new debt) of $551,827. The proceeds from the issuance of bonds were used to purchase U.S. Government securities that were placed in an irrevocable trust with an escrow agent to provide debt service payments on the bonds being refunded. As a result, the refunded bonds are considered to be defeased, and the liability will be removed from the business-type activities column of the City’s fiscal year 2007 financial statements. City of College Station, Texas 59 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 D. Joint Venture The Brazos Valley Solid Waste Management Agency (“BVSWMA”) was formed under a joint solid waste management agreement between the Cities of College Station and Bryan. College Station and Bryan agreed to cooperatively operate a joint facility for the proper disposal of solid waste for the two cities and outside customers. Each city has 50% ownership in BVSWMA. BVSWMA has contracted with the City of College Station to serve as landfill operator for the facility. BVSWMA is governed by a Policy Advisory Board ("Board") which is charged with providing recommendations to the City Councils of College Station and Bryan regarding the joint venture. The Board is comprised of three voting members: the Mayors of College Station and Bryan, who alternate each year as Chair, and one City Council Member from the City that is not serving as Chair. The City Managers of each City and a representative of Grimes County designated by the Commissioners Court serve as non-voting or ex-officio members of the Board. Legal oversight of BVSWMA is vested in the City Councils of the two cities. The annual budget is prepared and adopted by the BVSWMA Board and approved by either City Council. All contracts and expenditures in excess of $50,000 require the approval of the College Station City Council. The City's share of BVSWMA's change in net assets for fiscal year 2006 was $415,718. State and federal laws and regulations require BVSWMA to place a final cover on its Rock Prairie landfill site when it stops accepting waste and to perform certain maintenance and monitoring functions at the site for thirty years after closure. Although closure and postclosure care costs will be paid only near or after the date that the landfill stops accepting waste, BVSWMA reports a portion of these closure and postclosure care costs as an operating expense in each period based on landfill capacity used as of each balance sheet date. The $3.5 million reported as accrued postclosure maintenance costs at September 30, 2006, represents the cumulative amount reported to date based on the use of 75 percent of the estimated capacity of the landfill. BVSWMA will recognize the remaining estimated cost of closure and postclosure care of $1.1 million as the remaining estimated capacity is filled. These amounts are based on what it would cost to perform all closure and postclosure care in 2006. BVSWMA expects to close the landfill in the year 2008. Actual cost may be higher due to inflation, changes in technology, or changes in regulations. City of College Station, Texas 60 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 The following is a summary of information from the audited financial statements of BVSWMA as of September 30, 2006: 2006 2005 Assets: Current Assets 9,298,770$ 9,593,720$ Capital Assets (Net of $5,109,629 Accumulated Depreciation at 2006 and $4,722,979 at 2005)7,438,392 5,707,912 Deferred Landfill Permits (Net of $653,132 Accumulated Amortization at 2006 and $507,081 at 2005)2,316,896 2,363,213 19,054,058 17,664,845 Liabilities: Current Liabilities 344,481 417,866 Noncurrent Liabilities: Accrued Post Closure Maintenance Costs 3,464,440 2,833,276 Total Liabilities 3,808,921 3,251,142 Net Assets Invested In Capital Assets 7,438,392 5,707,912 Unrestricted 7,806,745 8,705,791 Total Net Assets 15,245,137$ 14,413,703$ Program Revenues 5,316,986$ 5,186,729$ Expenses 4,876,127 5,668,732 440,859 (482,003) General Revenues 390,575 299,941 Change in Net Assets 831,434$ (182,062)$ A copy of BVSWMA's separate audited financial statements may be obtained from the City's Fiscal Services Department. E. Retirement Plan The City has adopted GASB Statement No. 25, Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined Contribution Plans, and GASB Statement No. 27, Accounting for Pensions by State and Local Government Employees. These statements require the following disclosures: Plan Description The City provides pension benefits for all of its full-time employees through a nontraditional, joint contributory, hybrid defined benefit plan in the state-wide Texas Municipal Retirement System ("TMRS"), one of 811 administered by TMRS, an agent multiple-employer public employee retirement system. City of College Station, Texas 61 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Benefits Benefits depend upon the sum of the employee's contributions to the plan, with interest, and the City-financed monetary credits, with interest. At the date the plan began, the City granted monetary credits for service rendered before the plan began of a theoretical amount at least equal to two times what would have been contributed by the employee, with interest, prior to establishment of the plan. Monetary credits for service since the plan began are 200 percent of the employee's accumulated contributions. In addition, the City can grant as often as annually, another type of monetary credit referred to as an updated service credit which is a theoretical amount which, when added to the employee's accumulated contributions and the monetary credits for service since the plan began, would be the total monetary credits and employee contributions accumulated with interest if the current employee contribution rate and City matching percent had always been in existence and if the employee's salary had always been the average of his salary in the last three years that are one year before the effective date. At retirement, the benefit is calculated as if the sum of the employee's accumulated contributions with interest and the employer-financed monetary credits with interest were used to purchase an annuity. The plan provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS. Plan provisions for the City were as follows: Deposit Rate:7% Matching Ratio (City to Employee): 2 to 1 Members Vested After:5 years Members can retire at age 60 and above with 5 or more years of service or with 20 years of service regardless of age. A member is vested after 5 years. The plan provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS and within the actuarial constraints also in the statutes. Contributions Under the state law governing TMRS, the actuary annually determines the City contribution rate. This rate consists of the normal cost contribution rate and the prior service cost contribution rate, both of which are calculated to be a level percent of payroll from year to year. The normal cost contribution rate finances the currently accruing monetary credits due to the City matching percent, which are the obligation of the City as of an employee’s retirement date, not at the time the employee’s contributions are made. The normal cost contribution rate is the actuarially determined percent of payroll necessary to satisfy the obligation of the City to each employee at the time his/her retirement becomes effective. The prior service contribution rate amortizes the unfunded (overfunded) actuarial liability (asset) over the remainder of the plan’s 25-year amortization period. The unit credit actuarial cost method is used for determining the City contribution rate. Both the employees and the City make contributions monthly. Since the City needs to know its contribution rate in advance for budgetary purposes, there is a one-year delay between the actuarial valuation that is the basis for the rate and the calendar year when the rate goes into effect. (i.e. December 31, 2005 valuation is effective for rates beginning January 2007). City of College Station, Texas 62 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 The following is a schedule of actuarial liabilities and funding progress: Actuarial Valuation Date 12/31/2005 Actuarial Value of Assets 75,655,678$ Actuarial Accrued Liability 94,605,300$ Percentage Funded 80.0% Unfunded (Overfunded) Actuarial Accrued Liability (UAAL) 18,949,622$ Annual Covered Payroll 31,987,028$ UAAL as a Percentage of Covered Payroll 59.2% Net Pension Obligation (NPO) at Beginning of Period -$ Plus Annual Pension Cost: Annual Required Contribution (ARC)4,030,369 Less Contributions Made 4,030,369 NPO at the End of the Period -$ Actuarial assumptions as of the latest actuarial valuation are as follows: Actuarial Cost Method:Unit Credit Amortization Method:Level Percent of Payroll Remaining Amortization Period: 25 Years--Open Period Asset Valuation Method: Amortized Cost (to accurately reflect the requirements of GASB Statement No. 25, paragraphs 36e and 138) Investment Rate of Return: 7% Projected Salary Increases: None Includes Inflation at:3.50% Cost-of-Living Adjustments: None Each of the 811 Municipalities have an annual, individual actuarial valuation performed. All assumptions for the 12/31/05 valuations are contained in the 2005 TMRS Comprehensive Annual Financial Report, a copy of which may be obtained by writing to P.O. Box 149153, Austin, Texas 78714-9153. Trend Information Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when due. Applicable historical trend information concerning this plan is presented on the next page: City of College Station, Texas 63 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Fiscal Year Annual Required Contributions Net Pension Ending Contribution (ARC) Made Obligation 1997 $1,299,737 $1,299,737 - 1998 $1,662,022 $1,662,022 - 1999 $1,965,749 $1,965,749 - 2000 $2,154,204 $2,154,204 - 2001 $2,272,217 $2,272,217 - 2002 $2,511,159 $2,511,159 - 2003 $2,694,930 $2,694,930 - 2004 $3,204,948 $3,204,948 - 2005 $3,814,370 $3,814,370 - 2006 $4,030,369 $4,030,369 - Unfunded Net Assets Available Accrued Accrued as a Percent of Actuarial Actuarial Actuarial Actuarial Pension Benefit Valuation Date Value of Assets Liability (AAL) Liability (UAAL) Obligation 12/31/1996 $30,332,645 $36,941,994 $6,609,349 82% 12/31/1997 $34,566,021 $42,100,099 $7,534,078 82% 12/31/1998 $38,759,223 $45,574,205 $6,814,982 85% 12/31/1999 $43,010,803 $49,987,308 $6,976,505 86% 12/31/2000 $47,880,750 $55,811,761 $7,931,011 86% 12/31/2001 $52,927,528 $61,856,550 $8,929,022 86% 12/31/2002 $57,742,291 $68,424,249 $10,681,958 84% 12/31/2003 $63,223,606 $80,476,343 $17,252,737 79% 12/31/2004 $70,336,601 $87,906,815 $17,570,214 80% 12/31/2005 $75,655,678 $94,605,300 $18,949,622 80% Annual UAAL as a Actuarial Covered Percentage of Valuation Date Payroll Covered Payroll 12/31/1996 $18,001,720 37% 12/31/1997 $17,839,856 42% 12/31/1998 $19,339,128 35% 12/31/1999 $20,803,862 34% 12/31/2000 $23,651,256 34% 12/31/2001 $25,422,558 35% 12/31/2002 $27,784,120 38% 12/31/2003 $28,537,016 61% 12/31/2004 $30,978,906 57% 12/31/2005 $31,987,028 59% City of College Station, Texas 64 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 Post Retirement/Employment Benefits In addition to providing pension benefits, the City provides certain health care benefits for retired employees as established by City Resolution No. 9-13-90-5.10, which was passed and approved by the City Council on September 13, 1990. According to this resolution, employees who retire while working for the City and their dependents are eligible to remain on the City’s health plan as long as the employee makes monthly premium payments. During fiscal year 2006, fifteen former employees were covered under this arrangement. Prior to the passage of this resolution, employees who reached retirement while working for the City were eligible to remain on the City’s self-insured health plan and have their monthly premiums paid for by the City. During fiscal year 2006, one retiree was covered under this plan; however, claims filed by this retiree were not material. The City also provides health benefits as required by the Federal Government under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). COBRA requires employers that sponsor group health plans to provide continuation of group coverage to employees and their dependents under certain circumstances where coverage would otherwise end. Eligible participants who qualify under COBRA pay premium costs for themselves and dependents. COBRA participants are on the same health plan and are reimbursed at the same levels as active employees. The amount of expenditures related to COBRA claims for the year ended September 30, 2006 was $20,234. As of September 30, 2006 the City had 1 COBRA participant. F. Deferred Compensation Plan The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code ("IRC") 457. The plan, as amended, is available to all employees and permits them to defer a portion of their salary until future years. The plan funds are not available to employees until termination, retirement, death, or emergency. All amounts of compensation deferred under the plan (until paid or made available to the employee or other beneficiary) were placed in trust for the exclusive benefit of the participants and the beneficiaries. This action is in accordance with changes made to IRC Section 457. Since the City is no longer the Plan Administrator or the trustee, the assets of the plan are no longer a reportable fund in the City's basic financial statements. City of College Station, Texas 65 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 G. Commitments and Contingencies Construction Commitments The City has active construction projects as of September 30, 2006. At year-end, the construction commitments with contractors for specific projects were as follows: Remaining Project Name Spent to Date Commitment Highway 30/60 Infrastructure Phase II 1,169,119$ 245,986$ Switch Station Control House Additions 370,500 142,900 Veterans Park & Athletic Complex 3,320,566 2,258,648 Splash/Waterplay Park 192,862 41,782 Bee Creek Playground Replacement 62,114 13,406 LS #1 Gravity Sewer & LS #2 Force Main 399,907 24,588 Bee Creek Combined Channel Imp.587,104 2,102,615 Carter Creek Sludge Processing & Odor Control Imp.515,240 2,836,860 Barron Rd., Lick Creek, Rock Prairie Wtr. Svc. Ext. Ph. 1 2,020,090 145,682 Wolf Pen Creek Amphitheater Improvements 139,203 927,796 Emergency Electric Generators & Security Imp.1,766,209 228,067 Dowling Road Pump Station Chemical Feeding Building 2,405,713 380,387 Rehabilitation of Water Wells 4 & 5 106,455 21,426 West Park Rehabilitation Project 572,673 3,015,587 Northeast Sanitary Sewer Trunkline 112,991 258,586 Fire Station #5 1,240,556 65,292 Fleet Facility Expansion 0 189,150 CSU Parking Lot Expansion 0 80,091 Nantucket Sewer Line Project 0 943,191 CSU Dispatch Operations 0 92,595 Jones Butler Road Extension Phase II 0 1,312,920 University Drive Sidewalk Improvements 0 104,799 Wellborn Road Utility Relocation Project 0 2,824,678 909 Montclair 53,401 14,024 Lions Park Basketball Pavilion 127,711 77,516 Central Park Lane Extension 108,033 43,502 Spring Creek & Brazos Transmission Line 779,937 360,146 Sparta & Carrizo Aquifer Wells 1,473,234 285,298 17,523,618$ 19,037,518$ City of College Station, Texas 66 Notes to the Financial Statements For the Fiscal Year Ended September 30, 2006 H. Bonds Available for Sale Authorized general obligation bonds available for future issue are as follows: Year Unissued Authorized Amount Public Buildings 1984 700,000$ Street Improvements 1984 500,000 Street Improvements 2003 12,633,000 Traffic Management 2003 1,657,000 Park Improvements 2003 1,270,000 Municipal Complex Improvements 2003 3,655,000 Total 20,415,000$ I. Revenue Bond Coverage All the net revenues of the Electric, Water, and Sewer Funds are pledged for the payment of debt service of the revenue bonds and other indebtedness payable from those revenues. Net revenues, as defined by the revenue bond resolutions, include substantially all of the revenues and expenses of the above named funds other than certain interest income and expense, and depreciation and amortization. These bond resolutions further require that the net revenues, as defined, equal at least 1.40 times the average annual debt service on all revenue bonds and other indebtedness payable from those revenues and 1.25 times the maximum annual debt service on all revenue bonds and other indebtedness payable from those revenues. The maximum annual debt service is defined as the maximum principal and interest payments to be paid in any one year remaining in the life of the bonds, and the average annual debt service is defined as the sum of all principal and interest payments due over the remaining life of the bonds divided by the remaining life of the bonds. The City is in compliance with these requirements. City of College Station, Texas 67 68 CITY OF COLLEGE STATION, TEXAS Schedule of Funding Progress Texas Municipal Retirement System Last Ten Fiscal Years UAAL as a Actuarial Actuarial Percentage Actuarial Value of Accrued Unfunded Funded Covered of Covered Valuation Assets Liability (AAL)AAL (UAAL)Ratio Payroll Payroll Date*(a)(b)(b-a)(a/b)(c)[(b-a)/c] 12/31/1997 $30,332,645 $36,941,994 $6,609,349 82.1%$18,001,720 36.7% 12/31/1998 $34,566,021 $42,100,099 $7,534,078 82.1%$17,839,856 42.2% 12/31/1999 $38,759,223 $45,574,205 $6,814,982 85.0%$19,339,128 35.2% 12/31/2000 $43,010,803 $49,987,308 $6,976,505 86.0%$20,803,862 33.5% 12/31/2001 $47,880,750 $55,811,761 $7,931,011 85.8%$23,651,256 33.5% 12/31/2002 $52,927,528 $61,856,550 $8,929,022 85.6%$25,422,558 35.1% 12/31/2003 $57,742,291 $68,424,249 $10,681,958 84.4%$27,784,120 38.4% 12/31/2004 $63,223,606 $80,476,343 $17,252,737 78.6%$28,537,016 60.5% 12/31/2005 $70,336,601 $87,906,815 $17,570,214 80.0%$30,978,906 56.7% 12/31/2006 $75,655,678 $94,605,300 $18,949,622 80.0%$31,987,028 59.2% *Assets are stated at cost as of December 31 of the preceding year. 69 CITY OF COLLEGE STATION, TEXAS Schedule of Revenues, Expenditures, and Changes in Fund Balances, Budget and Actual (Budgetary Basis) General Fund For the Fiscal Year Ended September 30, 2006 Original Budget Final Budget Actual Variance Over (Under) Revenues Taxes 25,489,096$ 25,489,096$ 26,076,343$ 587,247$ Licenses and Permits 1,026,100 1,026,100 945,593 (80,507) Intergovernmental 386,785 926,648 640,176 (286,472) Charges for Services 2,573,500 2,573,500 2,755,283 181,783 Fines, Forfeits and Penalties 3,630,000 3,630,000 3,285,907 (344,093) Special Assessments 0 0 131,823 131,823 Investment Income 422,356 422,356 507,718 85,362 Rents and Royalties 251,000 251,000 244,864 (6,136) Contributions 20,000 20,000 12,281 (7,719) Reimbursed Expenditures 3,700 80,700 130,785 50,085 Other 201,000 201,000 194,843 (6,157) Total Revenues 34,003,537 34,620,400 34,925,616 305,216 Expenditures Current General Government 4,021,120 4,201,562 4,013,691 (187,871) Fiscal Services 3,283,555 3,241,853 3,043,289 (198,564) Police 11,232,786 11,553,677 11,590,958 37,281 Fire 8,535,811 8,637,241 8,501,228 (136,013) Planning and Development Services 2,203,667 2,219,349 1,873,847 (345,502) Public Works 7,897,176 8,073,892 7,349,340 (724,552) Economic and Community Development 0 0 12,720 12,720 Parks and Recreation 7,427,976 7,485,076 7,521,788 36,712 Information Services 2,689,417 2,794,177 2,595,365 (198,812) Library 866,124 866,124 870,203 4,079 Nondepartmental Reimbursed Administrative (6,329,398)(6,329,398)(6,035,345)294,053 Contributions 1,004,313 1,004,313 526,689 (477,624) Other 318,633 154,118 69,920 (84,198) Capital Outlay 875,120 1,193,113 530,065 (663,048) Total Expenditures 44,026,300 45,095,097 42,463,758 (2,631,339) Deficiency of Revenues Under Expenditures (10,022,763)(10,474,697)(7,538,142)2,936,555 Other Financing Sources (Uses) Sale of Capital Assets 8,000 8,000 17,500 9,500 Transfers In 8,053,000 8,077,421 8,087,336 9,915 Transfers Out (50,556)(126,056)(92,024)34,032 Total Other Financing Sources 8,010,444 7,959,365 8,012,812 53,447 Net Change in Fund Balances (2,012,319)(2,515,332)474,670 2,990,002 Fund Balances, October 1 10,170,525 10,170,525 10,170,525 0 Fund Balances, September 30 8,158,206$ 7,655,193$ 10,645,195$ 2,990,002$ 70 CITY OF COLLEGE STATION, TEXAS Adjustments to General Fund Revenues and Expenditures To Reconcile From Budget Basis to GAAP Basis For the Fiscal Year Ended September 30, 2006 Net change in fund balances - Budget Basis 474,670$ Revenues Market Adjustment for Investments 70,248 Revenue Accrual 3,891 Other 16,035 Expenditures Bad Debt Expense (6,100) Payroll Accrual, net 21,247 Reverse Expense Accrual 26,000 Capitalize/Reclass Assets 169,249 Reclass Expense 32,241 Other (5,998) Net change in fund balances - GAAP Basis 801,483$ 71 72 COMBINING FINANCIAL STATEMENTS NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Community Development - to account for funds granted to the City by the Federal Department of Housing and Urban Development for use on various community improvement projects. Convention Center - to account for the receipt and expenditure of funds received by the City in the operation and maintenance of a convention center. Revenues associated with this fund are derived from the hotel and motel occupancy tax and convention center rentals. Hotel Tax - to account for the receipt and expenditure of funds received by the City from the assessment of hotel and motel occupancy tax. Usage of funds is restricted to the construction and maintenance of convention and civic facilities and to the promotion of tourism and arts within the City. Parks Escrow - to account for the receipt and expenditure of funds received by the City from residential land developers, who dedicate land, or money in lieu of land, for use in the development of neighborhood parks in residential areas. Wolf Pen Creek Tax Increment Financing District - to account for the receipt and expenditure of funds received by the City from the creation of a tax increment financing district for the Wolf Pen Creek area. CAPITAL PROJECTS FUNDS Capital Projects Funds are used to account for the acquisition and construction of major capital improvements other than those financed by proprietary funds and trust funds. Business Park - to account for the cost of street, water, and sewer improvements at the College Station Business Park. Drainage Projects - to account for the cost of drainage improvements made with funds provided by a drainage utility fee and proceeds from the sale of general obligation bonds. General Government Projects - to account for the cost of new building construction and building improvements made with funds provided by proceeds from the sale of general obligation bonds. Parks Projects - to account for the costs of new parks and improvements to existing parks made with funds provided from the sale of general obligation bonds. PERMANENT FUNDS Permanent Funds are used to report resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the City's programs. Cemetery Perpetual Care Fund - to account for principal trust amounts received and related interest income for the College Station cemetery. 73 CITY OF COLLEGE STATION, TEXAS Combining Balance Sheet Nonmajor Governmental Funds As of September 30, 2006 Special Revenue Funds Capital Projects Funds Permanent Funds Total Assets Equity in Cash and Cash Equivalents 5,264,195$ 10,234,853$ 666,022$ 16,165,070$ Equity in Investments 4,643,945 9,028,938 587,548 14,260,431 Receivables Accrued Interest 30,543 60,746 4,017 95,306 Grants 394,753 0 0 394,753 Accounts 57,293 157,878 6,168 221,339 Less Allowance for Uncollectible Accounts (57,293)(17,805)(950)(76,048) Inventories 0 0 1,642 1,642 Total Assets 10,333,436$ 19,464,610$ 1,264,447$ 31,062,493$ Liabilities and Fund Balances Liabilities Accounts Payable 235,228$ 815,405$ (459)$ 1,050,174$ Retainage Payable 92,714 267,478 0 360,192 Interfund Payable 200,000 0 0 200,000 Accrued Liabilities 0 244 0 244 Total Liabilities 527,942 1,083,127 (459)1,610,610 Fund Balances Reserved Reserved for Encumbrances 2,343,354 5,140,750 0 7,484,104 Reserved for Capital Projects 0 13,240,733 0 13,240,733 Reserved for Perpetual Care 0 0 1,264,906 1,264,906 Unreserved Undesignated 7,462,140 0 0 7,462,140 Total Fund Balances 9,805,494 18,381,483 1,264,906 29,451,883 Total Liabilities and Fund Balances 10,333,436$ 19,464,610$ 1,264,447$ 31,062,493$ 74 CITY OF COLLEGE STATION, TEXAS Combining Balance Sheet Nonmajor Governmental Funds - Special Revenue Funds As of September 30, 2006 Community Development Convention Center Hotel Tax Parks Escrow Wolf Pen Creek Tax Increment Financing District Total Assets Equity in Cash and Cash Equivalents 397,054$ 348,897$ 2,379,415$ 778,818$ 1,360,011$ 5,264,195$ Equity in Investments 350,271 307,788 2,099,062 687,055 1,199,769 4,643,945 Receivables Accrued Interest 0 2,125 14,502 4,702 9,214 30,543 Grants 394,753 0 0 0 0 394,753 Accounts 0 0 57,293 0 0 57,293 Less Allowance for Uncollectible Accounts 0 0 (57,293)0 0 (57,293) Total Assets 1,142,078$ 658,810$ 4,492,979$ 1,470,575$ 2,568,994$ 10,333,436$ Liabilities and Fund Balances Liabilities Accounts Payable 150,330$ 0$ 2,777$ 225$ 81,896$ 235,228$ Retainage Payable 6,473 69,968 0 4,669 11,604 92,714 Interfund Payable 0 0 200,000 0 0 200,000 Total Liabilities 156,803 69,968 202,777 4,894 93,500 527,942 Fund Balances Reserved Reserved for Encumbrances 823,982 396,439 162,503 83,785 876,645 2,343,354 Unreserved Undesignated 161,293 192,403 4,127,699 1,381,896 1,598,849 7,462,140 Total Fund Balances 985,275 588,842 4,290,202 1,465,681 2,475,494 9,805,494 Total Liabilities and Fund Balances 1,142,078$ 658,810$ 4,492,979$ 1,470,575$ 2,568,994$ 10,333,436$ 75 CITY OF COLLEGE STATION, TEXAS Combining Balance Sheet Nonmajor Governmental Funds - Capital Projects Funds For the Fiscal Year Ended September 30, 2006 Business Park Drainage Projects General Government Projects Parks Projects Total Assets Equity in Cash and Cash Equivalents 953,263$ 3,029,650$ 4,171,200$ 2,080,740$ 10,234,853$ Equity in Investments 840,946 2,672,683 3,679,731 1,835,578 9,028,938 Receivables Accrued Interest 5,753 18,537 24,270 12,186 60,746 Accounts 0 157,878 0 0 157,878 Less Allowance for Uncollectible Accounts 0 (17,805)0 0 (17,805) Total Assets 1,799,962$ 5,860,943$ 7,875,201$ 3,928,504$ 19,464,610$ Liabilities and Fund Balances Liabilities Accounts Payable 0$ 408,171$ 28,556$ 378,678$ 815,405$ Retainage Payable 0 43,345 4,084 220,049 267,478 Accrued Liabilities 0 0 0 244 244 Total Liabilities 0 451,516 32,640 598,971 1,083,127 Fund Balances Reserved Reserved for Encumbrances 68,000 2,405,274 472,031 2,195,445 5,140,750 Reserved for Capital Projects 1,731,962 3,004,153 7,370,530 1,134,088 13,240,733 Total Fund Balances 1,799,962 5,409,427 7,842,561 3,329,533 18,381,483 Total Liabilities and Fund Balances 1,799,962$ 5,860,943$ 7,875,201$ 3,928,504$ 19,464,610$ 76 77 CITY OF COLLEGE STATION, TEXAS Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended September 30, 2006 Special Revenue Funds Capital Projects Funds Permanent Funds Total Revenues Taxes 3,436,694$ 0$ 0$ 3,436,694$ Intergovernmental 2,488,922 0 0 2,488,922 Charges for Services 0 70,695 99,303 169,998 Special Assessments 0 1,159,112 0 1,159,112 Investment Income 375,252 741,557 51,948 1,168,757 Reimbursed Expenditures 0 14,500 0 14,500 Other 394,886 62,698 1,352 458,936 Total Revenues 6,695,754 2,048,562 152,603 8,896,919 Expenditures Current General Government 87,299 164 0 87,463 Fiscal Services 0 11,881 0 11,881 Public Works 0 12,990 0 12,990 Parks and Recreation 228 0 0 228 Community Development Block Grant 340,399 0 0 340,399 Home Grant 840,211 0 0 840,211 Reimbursed Administrative 1,058,220 1,174,611 0 2,232,831 Contributions 1,258,875 210,000 0 1,468,875 Other 85 25,691 730 26,506 Capital Outlay 1,162,201 8,389,656 0 9,551,857 Debt Issuance Cost 0 38,354 0 38,354 Total Expenditures 4,747,518 9,863,347 730 14,611,595 Excess (Deficiency) of Revenues Over (Under) Expenditures 1,948,236 (7,814,785)151,873 (5,714,676) Other Financing Sources (Uses) Issuance of Debt 0 7,865,488 0 7,865,488 Transfers In 300,000 980,916 0 1,280,916 Transfers Out (1,817,912)(402,186)0 (2,220,098) Total Other Financing Sources (Uses)(1,517,912)8,444,218 0 6,926,306 Net Change in Fund Balances 430,324 629,433 151,873 1,211,630 Fund Balances, October 1 9,375,170 17,752,050 1,113,033 28,240,253 Fund Balances, September 30 9,805,494$ 18,381,483$ 1,264,906$ 29,451,883$ 78 CITY OF COLLEGE STATION, TEXAS Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds - Special Revenue Funds For the Fiscal Year Ended September 30, 2006 Community Development Convention Center Hotel Tax Parks Escrow Wolf Pen Creek Tax Increment Financing District Total Revenues Taxes 0$ 0$ 2,671,417$ 0$ 765,277$ 3,436,694$ Intergovernmental 2,488,922 0 0 0 0 2,488,922 Investment Income 0 32,728 178,831 57,947 105,746 375,252 Other 21,823 5,237 88 367,383 355 394,886 Total Revenues 2,510,745 37,965 2,850,336 425,330 871,378 6,695,754 Expenditures Current General Government 0 0 87,299 0 0 87,299 Parks and Recreation 0 0 0 0 228 228 Community Development Block Grant 340,399 0 0 0 0 340,399 Home Grant 840,211 0 0 0 0 840,211 Reimbursed Administrative 623,329 25,000 409,891 0 0 1,058,220 Contributions 0 0 1,258,875 0 0 1,258,875 Other 0 0 0 85 0 85 Capital Outlay 0 304,151 0 124,965 733,085 1,162,201 Total Expenditures 1,803,939 329,151 1,756,065 125,050 733,313 4,747,518 Excess (Deficiency) of Revenues Over (Under) Expenditures 706,806 (291,186)1,094,271 300,280 138,065 1,948,236 Other Financing Sources (Uses) Transfers In 0 0 0 0 300,000 300,000 Transfers Out (709,460)0 0 0 (1,108,452)(1,817,912) Total Other Financing Uses (709,460)0 0 0 (808,452)(1,517,912) Net Change in Fund Balances (2,654)(291,186)1,094,271 300,280 (670,387)430,324 Fund Balances, October 1 987,929 880,028 3,195,931 1,165,401 3,145,881 9,375,170 Fund Balances, September 30 985,275$ 588,842$ 4,290,202$ 1,465,681$ 2,475,494$ 9,805,494$ 79 CITY OF COLLEGE STATION, TEXAS Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds - Capital Projects Funds For the Fiscal Year Ended September 30, 2006 Business Park Drainage Projects General Government Projects Parks Projects Total Revenues Charges for Services 0$ 0$ 0$ 70,695$ 70,695$ Special Assessment 0 1,159,112 0 0 1,159,112 Investment Income 70,044 258,976 334,895 77,642 741,557 Reimbursed Expenditures 0 14,500 0 0 14,500 Other 337 509 54,471 7,381 62,698 Total Revenues 70,381 1,433,097 389,366 155,718 2,048,562 Expenditures Current General Government 0 164 0 0 164 Fiscal Services 0 0 4,567 7,314 11,881 Public Works 0 12,990 0 0 12,990 Reimbursed Administrative 25,000 968,915 172,823 7,873 1,174,611 Other 0 6,034 19,746 (89)25,691 Contributions 0 210,000 0 0 210,000 Capital Outlay 42,981 1,404,736 2,232,698 4,709,241 8,389,656 Debt Issuance Cost 0 0 26,015 12,339 38,354 Total Expenditures 67,981 2,602,839 2,455,849 4,736,678 9,863,347 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,400 (1,169,742)(2,066,483)(4,580,960)(7,814,785) Other Financing Sources (Uses) Issuance of Debt 0 0 1,624,390 6,241,098 7,865,488 Transfers In 0 0 354,528 626,388 980,916 Transfers Out 0 (49,127)(353,059)0 (402,186) Total Other Financing Sources (Uses)0 (49,127)1,625,859 6,867,486 8,444,218 Net Change in Fund Balances 2,400 (1,218,869)(440,624)2,286,526 629,433 Fund Balances, October 1 1,797,562 6,628,296 8,283,185 1,043,007 17,752,050 Fund Balances, September 30 1,799,962$ 5,409,427$ 7,842,561$ 3,329,533$ 18,381,483$ 80 81 CITY OF COLLEGE STATION, TEXAS Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Taxes 9,107,137$ 9,107,137$ 9,016,285$ (90,852)$ Investment Income 100,000 100,000 155,710 55,710 Accrued Bond Interest 40,895 40,895 52,369 11,474 Total Revenues 9,248,032 9,248,032 9,224,364 (23,668) Expenditures Debt Service Principal Payments 7,285,000 7,285,000 7,285,000 0 Interest Payments 4,080,338 4,080,338 4,078,635 (1,703) Debt Issuance Cost 16,000 16,000 12,028 (3,972) Total Expenditures 11,381,338 11,381,338 11,375,663 (5,675) Deficiency of Revenues Under Expenditures (2,133,306) (2,133,306) (2,151,299) (17,993) Other Financing Sources Transfers In 2,388,420 2,388,420 2,388,420 0 Total Other Financing Sources 2,388,420 2,388,420 2,388,420 0 Net Change in Fund Balances 255,114 255,114 237,121 (17,993) Fund Balances, October 1 2,818,087 2,818,087 2,818,087 0 Fund Balances, September 30 3,073,201$ 3,073,201$ 3,055,208$ (17,993)$ 82 CITY OF COLLEGE STATION, TEXAS Adjustments to Debt Service Fund Revenues To Reconcile From Budget Basis to GAAP Basis Debt Service Fund For the Fiscal Year Ended September 30, 2006 Change in Fund Balances - Budget Basis 237,121$ Revenues Market Adjustment for Investments 17,567 Change in Fund Balances - GAAP Basis 254,688$ 83 CITY OF COLLEGE STATION, TEXAS Community Development Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Intergovernmental Community Development Block Grant 1,986,780$ 1,986,780$ 1,480,632$ (506,148)$ Home Grant 1,313,886 1,313,886 992,255 (321,631) Other 0 0 21,823 21,823 Total Revenues 3,300,666 3,300,666 2,494,710 (805,956) Expenditures Community Development Block Grant 1,986,780 1,986,780 340,046 (1,646,734) Home Grant 1,313,886 1,313,886 840,211 (473,675) Reimbursed Administrative 0 0 623,329 623,329 Affordable Housing 240,394 240,394 0 (240,394) Total Expenditures 3,541,060 3,541,060 1,803,586 (1,737,474) Excess (Deficiency) of Revenues Over (Under) Expenditures (240,394) (240,394) 691,124 931,518 Other Financing Uses Transfers Out 0 0 (693,425) (693,425) Total Other Financing Uses 0 0 (693,425) (693,425) Change in Fund Balances (240,394) (240,394) (2,301) 238,093 Fund Balances, October 1 987,929 987,929 987,929 0 Fund Balances, September 30 747,535$ 747,535$ 985,628$ 238,093$ See reconciliation to GAAP basis on page 89. 84 CITY OF COLLEGE STATION, TEXAS Convention Center Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Investment Income 7,500$ 7,500$ 28,967$ 21,467$ Total Revenues 7,500 7,500 28,967 21,467 Expenditures Current Reimbursed Administrative 25,000 25,000 25,000 0 Other 10,000 10,000 0 (10,000) Capital Outlay 1,000,000 1,000,000 297,687 (702,313) Total Expenditures 1,035,000 1,035,000 322,687 (712,313) Deficiency of Revenues Under Expenditures (1,027,500) (1,027,500) (293,720) 733,780 Other Financing Sources Issuance of Debt 1,000,000 1,000,000 0 (1,000,000) Other 0 0 5,237 5,237 Total Other Financing Sources 1,000,000 1,000,000 5,237 (994,763) Change in Fund Balances (27,500) (27,500) (288,483) (260,983) Fund Balances, October 1 880,028 880,028 880,028 0 Fund Balances, September 30 852,528$ 852,528$ 591,545$ (260,983)$ See reconciliation to GAAP basis on page 89. 85 CITY OF COLLEGE STATION, TEXAS Hotel Tax Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Taxes 2,406,000$ 2,406,000$ 2,671,417$ 265,417$ Investment Income 67,000 67,000 153,432 86,432 Other 500 500 88 (412) Total Revenues 2,473,500 2,473,500 2,824,937 351,437 Expenditures Current General Government 0 612,784 87,299 (525,485) Reimbursed Administrative 421,901 421,901 409,891 (12,010) Contributions 1,258,875 1,258,875 1,258,875 0 Other 6,200 6,200 0 (6,200) Contingency 40,000 27,208 0 (27,208) Total Expenditures 1,726,976 2,326,968 1,756,065 (570,903) Excess of Revenues Over Expenditures 746,524 146,532 1,068,872 922,340 Other Financing Uses Transfers Out (1,200,000) (600,000) 0 600,000 Total Other Financing Uses (1,200,000) (600,000) 0 600,000 Change in Fund Balances (453,476) (453,468) 1,068,872 1,522,340 Fund Balances, October 1 3,195,931 3,195,931 3,195,931 0 Fund Balances, September 30 2,742,455$ 2,742,463$ 4,264,803$ 1,522,340$ See reconciliation to GAAP basis on page 89. 86 CITY OF COLLEGE STATION, TEXAS Parks Escrow Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Investment Income 9,000$ 9,000$ 49,628$ 40,628$ Other 0 0 367,383 367,383 Total Revenues 9,000 9,000 417,011 408,011 Expenditures Current Other 0 0 85 85 Capital Outlay 692,722 692,722 124,005 (568,717) Total Expenditures 692,722 692,722 124,090 (568,632) Change in Fund Balances (683,722) (683,722) 292,921 976,643 Fund Balances, October 1 1,165,401 1,165,401 1,165,401 0 Fund Balances, September 30 481,679$ 481,679$ 1,458,322$ 976,643$ See reconciliation to GAAP basis on page 89. 87 CITY OF COLLEGE STATION, TEXAS Wolf Pen Creek Tax Increment Financing District Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Taxes 764,026$ 764,026$ 765,277$ 1,251$ Investment Income 40,000 40,000 91,156 51,156 Other 0 0 355 355 Total Revenues 804,026 804,026 856,788 52,762 Expenditures Current Parks and Recreation 0 0 228 228 Capital Outlay 2,100,000 2,100,000 720,396 (1,379,604) Total Expenditures 2,100,000 2,100,000 720,624 (1,379,376) Excess (Deficiency) of Revenues Over (Under) Expenditures (1,295,974) (1,295,974) 136,164 1,432,138 Other Financing Sources (Uses) Transfers In 300,000 300,000 300,000 0 Transfers Out (1,108,452) (1,108,452) (1,108,452) 0 Total Other Financing Uses (808,452) (808,452) (808,452) 0 Change in Fund Balances (2,104,426) (2,104,426) (672,288) 1,432,138 Fund Balances, October 1 3,145,881 3,145,881 3,145,881 0 Fund Balances, September 30 1,041,455$ 1,041,455$ 2,473,593$ 1,432,138$ See reconciliation to GAAP basis on page 89. 88 CITY OF COLLEGE STATION, TEXAS Adjustments to Special Revenue Fund Revenues and Expenditures to Reconcile from Budget Basis to GAAP Basis For the Fiscal Year Ended September 30, 2006 Community Development Convention Center Hotel Tax Parks Escrow Wolf Pen Creek Tax Increment Financing District Change in Fund Balances - Budget Basis (2,301)$ (288,483)$ 1,068,872$ 292,921$ (672,288)$ Revenues: Market Adjustment for Investments 0 3,761 25,399 8,319 14,590 Accrue Grant Draw 16,035 - 0 0 0 Expenditures: Grant Transfer (16,035)- 0 0 0 Accrue Expense (353)- 0 0 0 Capitalize Salaries 0 (6,464) 0 (960)(12,689) Change in Fund Balances - GAAP Basis (2,654)$ (291,186)$ 1,094,271$ 300,280$ (670,387)$ 89 CITY OF COLLEGE STATION, TEXAS Business Park Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Investment Income 28,000$ 28,000$ 59,861$ 31,861$ Other 0 0 337 337 Total Revenues 28,000 28,000 60,198 32,198 Expenditures Current Reimbursed Administrative 25,000 25,000 25,000 0 Capital Outlay 1,309,000 1,309,000 41,807 (1,267,193) Debt Issuance Cost 29,945 29,945 0 (29,945) Total Expenditures 1,363,945 1,363,945 66,807 (1,297,138) Deficiency of Revenues Under Expenditures (1,335,945) (1,335,945) (6,609) 1,329,336 Other Financing Sources Issuance of Debt 2,229,000 2,229,000 0 (2,229,000) Total Other Financing Sources 2,229,000 2,229,000 0 (2,229,000) Change in Fund Balances 893,055 893,055 (6,609) (899,664) Fund Balances, October 1 1,797,562 1,797,562 1,797,562 0 Fund Balances, September 30 2,690,617$ 2,690,617$ 1,790,953$ (899,664)$ See reconciliation to GAAP basis on page 95. 90 CITY OF COLLEGE STATION, TEXAS Drainage Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Special Assessment 1,137,400$ 1,137,400$ 1,153,435$ 16,035$ Investment Income 121,000 121,000 226,526 105,526 Total Revenues 1,258,400 1,258,400 1,379,961 121,561 Expenditures Current Fiscal Services 0 0 12,990 12,990 Reimbursed Administrative 1,140,132 1,140,132 968,915 (171,217) Contributions 0 210,000 210,000 0 Capital Outlay 674,600 1,184,600 1,385,700 201,100 Total Expenditures 1,814,732 2,534,732 2,577,605 42,873 Deficiency of Revenues Under Expenditures (556,332) (1,276,332) (1,197,644) 78,688 Other Financing Sources (Uses) Transfers Out (49,126) (49,126) (49,127) (1) Other 0 0 14,845 14,845 Total Other Financing Uses (49,126) (49,126) (34,282) 14,844 Change in Fund Balances (605,458) (1,325,458) (1,231,926) 93,532 Fund Balances, October 1 6,628,296 6,628,296 6,628,296 0 Fund Balances, September 30 6,022,838$ 5,302,838$ 5,396,370$ 93,532$ See reconciliation to GAAP basis on page 95. 91 CITY OF COLLEGE STATION, TEXAS General Government Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Investment Income 96,000$ 96,000$ 290,226$ 194,226$ Other 0 0 54,471 54,471 Total Revenues 96,000 96,000 344,697 248,697 Expenditures Current Fiscal Services 0 0 4,567 4,567 Reimbursed Administrative 172,823 172,823 172,823 0 Other 15,000 21,000 19,746 (1,254) Capital Outlay 2,881,676 2,957,176 2,206,199 (750,977) Debt Issuance Cost 20,700 20,700 26,015 5,315 Total Expenditures 3,090,199 3,171,699 2,429,350 (742,349) Deficiency of Revenues Under Expenditures (2,994,199) (3,075,699) (2,084,653) 991,046 Other Financing Sources (Uses) Issuance of Debt 2,670,000 2,670,000 1,624,390 (1,045,610) Transfers In 171,676 447,433 354,528 (92,905) Transfers Out (300,000) (324,421) (353,059) (28,638) Total Other Financing Sources 2,541,676 2,793,012 1,625,859 (1,167,153) Change in Fund Balances (452,523) (282,687) (458,794) (176,107) Fund Balances, October 1 8,283,185 8,283,185 8,283,185 0 Fund Balances, September 30 7,830,662$ 8,000,498$ 7,824,391$ (176,107)$ See reconciliation to GAAP basis on page 95. 92 CITY OF COLLEGE STATION, TEXAS Parks Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Charges for Services 69,700$ 69,700$ 70,695$ 995$ Investment Income 38,000 38,000 55,357 17,357 Other 0 0 7,381 7,381 Total Revenues 107,700 107,700 133,433 25,733 Expenditures Current Fiscal Services 0 0 7,314 7,314 Reimbursed Administrative 7,873 7,873 7,873 0 Other 0 0 (89) (89) Capital Outlay 7,064,000 7,143,331 4,696,531 (2,446,800) Debt Issuance Cost 70,000 70,000 12,339 (57,661) Total Expenditures 7,141,873 7,221,204 4,723,968 (2,497,236) Deficiency of Revenues Under Expenditures (7,034,173) (7,113,504) (4,590,535) 2,522,969 Other Financing Sources Issuance of Debt 6,735,000 6,735,000 6,241,098 (493,902) Transfers In 290,000 329,331 626,388 297,057 Total Other Financing Sources 7,025,000 7,064,331 6,867,486 (196,845) Change in Fund Balances (9,173) (49,173) 2,276,951 2,326,124 Fund Balances, October 1 1,043,007 1,043,007 1,043,007 0 Fund Balances, September 30 1,033,834$ 993,834$ 3,319,958$ 2,326,124$ See reconciliation to GAAP basis on page 95. 93 CITY OF COLLEGE STATION, TEXAS Streets Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (Budgetary Basis) For the Fiscal Year Ended September 30, 2006 Original Budget Revised Budget Actual Variance Over (Under) Revenues Intergovernmental 0$ 0$ 15,620$ 15,620$ Investment Income 234,000 234,000 740,982 506,982 Other 0 0 9,183 9,183 Total Revenues 234,000 234,000 765,785 531,785 Expenditures Current General Government 264,000 162,000 105,411 (56,589) Fiscal Services 0 0 12,686 12,686 Reimbursed Administrative 467,250 467,250 467,250 0 Capital Outlay 4,171,552 5,948,023 1,736,010 (4,212,013) Debt Issuance Cost 80,000 80,000 102,347 22,347 Intergovernmental 0 (175,000) 743,117 918,117 Total Expenditures 4,982,802 6,482,273 3,166,821 (3,315,452) Deficiency of Revenues Under Expenditures (4,748,802) (6,248,273) (2,401,036) 3,847,237 Other Financing Sources Issuance of Debt 3,777,000 4,227,000 7,834,512 3,607,512 Transfers In 0 0 91,728 91,728 Total Other Financing Sources 3,777,000 4,227,000 7,926,240 3,699,240 Change in Fund Balances (971,802) (2,021,273) 5,525,204 7,546,477 Fund Balances, October 1 18,184,996 18,184,996 18,184,996 0 Fund Balances, September 30 17,213,194$ 16,163,723$ 23,710,200$ 7,546,477$ See reconciliation to GAAP basis on page 95. 94 CITY OF COLLEGE STATION, TEXAS Adjustments to Capital Projects Fund Revenues and Expenditures to Reconcile from Budget Basis to GAAP Basis For the Fiscal Year Ended September 30, 2006 Business Park Drainage Projects General Government Projects Parks Projects Streets Projects Change in Fund Balances - Budget Basis (6,609)$ (1,231,926)$ (458,794)$ 2,276,951$ 5,525,204$ Revenues: Market Adjustment for Investments 10,183 32,450 44,669 22,285 137,761 Revenue Accrual 0 5,677 0 0 0 Expenditures: Capitalize Salaries (1,174)(19,036) (24,931)(12,710)(91,287) Bad Debt Expense 0 (6,034) 0 0 0 Reclass Expense 0 0 (1,568) 0 220,246 Expense Accrual 0 0 0 0 72,536 Change in Fund Balances - GAAP Basis 2,400$ (1,218,869)$ (440,624)$ 2,286,526$ 5,864,460$ 95 96 COMBINING FINANCIAL STATEMENTS NONMAJOR ENTERPRISE FUNDS Sanitation - to account for all sanitation collection and disposal activities by the City for both residential and commercial customers. Northgate Parking Garage - to account for revenues and expenses related to the operation and maintenance of the Northgate parking garage and parking lot. 97 CITY OF COLLEGE STATION, TEXAS Combining Statement of Net Assets Nonmajor Enterprise Funds As of September 30, 2006 Sanitation Northgate Parking Garage Total Current Assets Equity in Cash and Cash Equivalents 227,653$ 465,730$ 693,383$ Equity in Investments 200,830 410,856 611,686 Receivables Accrued Interest 1,692 2,813 4,505 Accounts 755,904 2,919 758,823 Notes 12,522 0 12,522 Less Allowance for Uncollectible Accounts (80,054)(75)(80,129) Inventories 10,303 0 10,303 Total Current Assets 1,128,850 882,243 2,011,093 Equity in Joint Venture 7,622,569 0 7,622,569 Property and Equipment Buildings 0 5,743,755 5,743,755 Machinery and Equipment 1,149,026 146,044 1,295,070 Accumulated Depreciation (1,129,879)(831,328)(1,961,207) Construction in Progress 0 4,330 4,330 Land 0 709,650 709,650 Total Property and Equipment 19,147 5,772,451 5,791,598 Total Assets 8,770,566 6,654,694 15,425,260 Liabilities Current Liabilities Accounts Payable 147,440 1,884 149,324 Accrued Liabilities 108,321 15,745 124,066 Other Deferred Revenues 0 92,796 92,796 Total Current Liabilities 255,761 110,425 366,186 Current Liabilities Payable from Restricted Assets Refundable Deposits 0 8,290 8,290 Total Current Liabilities Payable from Restricted Assets 0 8,290 8,290 Noncurrent Liabilities Accrued Vacation 35,854 3,538 39,392 Total Noncurrent Liabilities 35,854 3,538 39,392 Total Liabilities 291,615 122,253 413,868 Net Assets Invested in Capital Assets, net of related debt 19,147 5,772,451 5,791,598 Unrestricted 8,459,804 759,990 9,219,794 Net Assets 8,478,951$ 6,532,441$ 15,011,392$ 98 CITY OF COLLEGE STATION, TEXAS Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets Nonmajor Enterprise Funds For the Fiscal Year Ended September 30, 2006 Sanitation Northgate Parking Garage Total Operating Revenues Garbage Collection Fees 5,677,297$ 0$ 5,677,297$ Charges for Services 0 565,565 565,565 Other 56,662 0 56,662 Total Operating Revenues 5,733,959 565,565 6,299,524 Operating Expenses Salaries and Benefits 1,578,086 243,458 1,821,544 Supplies 320,448 20,007 340,455 Maintenance 554,185 26,518 580,703 Purchased Professional Services 476,841 94,928 571,769 Purchased Property Services 1,313,170 43,242 1,356,412 Other Purchased Services 546,422 5,791 552,213 Reimbursed Administrative 554,049 25,109 579,158 Depreciation 9,855 162,540 172,395 Other 31,096 0 31,096 Total Operating Expenses 5,384,152 621,593 6,005,745 Operating Income (Loss)349,807 (56,028)293,779 Nonoperating Revenues (Expenses) Investment Income 21,332 34,597 55,929 Reimbursed Expenses 2,655 25 2,680 Earnings in Joint Venture 415,718 0 415,718 Other, Net (37,472)4,339 (33,133) Total Nonoperating Revenues 402,233 38,961 441,194 Income (Loss) Before Transfers 752,040 (17,067)734,973 Transfers Transfers Out (381,500)0 (381,500) Total Transfers (381,500)0 (381,500) Change in Net Assets 370,540 (17,067)353,473 Beginning Net Assets 8,108,411 6,549,508 14,657,919 Ending Net Assets 8,478,951$ 6,532,441$ 15,011,392$ 99 CITY OF COLLEGE STATION, TEXAS Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Fiscal Year Ended September 30, 2006 Northgate Parking Sanitation Garage Total Cash Flows from Operating Activities: Cash Received from Customers 5,627,174$ 610,979$ 6,238,153$ Cash Payments to Suppliers for Goods and Services (3,691,803) (219,887) (3,911,690) Cash Payments to Employees for Services (1,571,682) (238,944) (1,810,626) Customer Deposits Received 0 691 691 Cash Received for Reimbursed Expenses 2,655 25 2,680 Cash Received for Miscellaneous Revenues 0 4,339 4,339 Cash Paid for Miscellaneous Expenses (37,472) 0 (37,472) Net Cash Provided by Operating Activities 328,872 157,203 486,075 Cash Flows from Noncapital Financing Activities: Transfers Out to Other Funds (381,500) 0 (381,500) Net Cash Used by Noncapital Financing Activities (381,500) 0 (381,500) Cash Flows from Capital and Related Financing Activities: Acquisition of Capital Assets 0 (42,763) (42,763) Net Cash Used by Capital and Related Financing Activities 0 (42,763) (42,763) Cash Flows from Investing Activities: Purchase of Investments (616,591) (1,200,642) (1,817,233) Proceeds from Sale and Maturities of Investment Securities 727,596 1,282,772 2,010,368 Investment Income 21,923 36,206 58,129 Net Cash Provided by Investing Activities 132,928 118,336 251,264 Net Increase in Cash and Cash Equivalents 80,300 232,776 313,076 Cash and Cash Equivalents, Oct. 1 147,353 232,954 380,307 Cash and Cash Equivalents, Sept. 30 227,653$ 465,730$ 693,383$ Reconciliation of Operating Income (Loss) to Net Cash Provided by Operating Activities: Operating Income (Loss) 349,807$ (56,028)$ 293,779$ Adjustment to Reconcile Operating Income (Loss) to Net Cash Provided by Operating Activities: Depreciation, Bad Debt Expense, Inventory Loss 9,855 162,540 172,395 Provision for Uncollectible Accounts 5,724 (122) 5,602 Miscellaneous Nonoperating Revenues 2,655 4,364 7,019 Miscellaneous Nonoperating Expenses (37,472) 0 (37,472) Changes in Assets and Liabilities: Change in Accounts Receivable (106,785) 6,364 (100,421) Change in Deferred Revenue 0 39,050 39,050 Change in Inventory (1,060) 0 (1,060) Change in Accounts Payable 93,269 (5,715) 87,554 Change in Accrued Liabilities 8,861 4,681 13,542 Change in Refundable Deposits 0 691 691 Change in Accrued Vacation 4,018 1,378 5,396 Total Adjustments (20,935) 213,231 192,296 Net Cash Provided by Operating Activities 328,872$ 157,203$ 486,075$ 100 COMBINING FINANCIAL STATEMENTS INTERNAL SERVICE FUNDS Communication Services - to account for the activities related to the operation and maintenance of the City’s radio and telephone systems. Employee Benefits - to account for self-insurance activity related to administration of the City's health benefits plan. Equipment Replacement - to account for the purchase of City equipment such as vehicles and large motorized equipment, telephone and radio systems, and replacement assets for existing technological infrastructure equipment not budgeted in other funds. Fleet Maintenance - to account for all activities related to the management of the City’s vehicles and heavy equipment, including preventive maintenance and vehicle repair activities. Print/Mail Services - to account for the activities related to the City’s printing and mailing operations. Property and Casualty - to account for insurance activity relating to all claims filed for liability cases (both injury and property) and property losses incurred for City property. Unemployment - to account for self-insurance activity on claims filed under unemployment compensation laws. Utility Customer Service - to account for the billing and collection activities relating to the City’s electric, water, and sewer utilities and residential and commercial garbage collection. Workers' Compensation - to account for self-insurance activity relating to administration of the City's workers' compensation plan. 101 CITY OF COLLEGE STATION, TEXAS Internal Service Funds Combining Statement of Net Assets As of September 30, 2006 Communication Services Employee Benefits Equipment Replacement Fleet Maintenance Print/Mail Services Current Assets Equity in Cash and Cash Equivalents 118,288$ 2,473,900$ 3,891,090$ 71,009$ 0$ Equity in Investments 104,350 2,182,414 3,432,625 62,642 0 Receivables Accrued Interest 714 14,995 23,276 435 (440) Accounts 0 2,584 0 0 0 Other 0 0 0 0 0 Less Allowance for Uncollectible Accounts 0 (14)0 0 0 Inventories 0 0 0 97,682 29,934 Prepaid Costs 0 0 0 0 21,967 Total Current Assets 223,352 4,673,879 7,346,991 231,768 51,461 Property and Equipment Buildings 0 0 0 786,525 0 Machinery and Equipment 1,226,849 0 23,491,726 279,154 145,918 Accumulated Depreciation (1,109,535)0 (15,439,798)(465,473)(142,649) Construction in Progress 0 0 856,240 0 0 Total Property and Equipment 117,314 0 8,908,168 600,206 3,269 Total Assets 340,666 4,673,879 16,255,159 831,974 54,730 Liabilities Current Liabilities Accounts Payable 9,695 216,974 56,646 51,912 41,965 Due to Other Funds 0 0 0 0 65,817 Claims Payable 0 209,874 0 0 0 Accrued Liabilities 13,620 0 0 26,772 7,671 Total Current Liabilities 23,315 426,848 56,646 78,684 115,453 Noncurrent Liabilities Claims Payable 0 0 0 0 0 Accrued Vacation 12,149 0 0 45,596 14,861 Total Noncurrent Liabilities 12,149 0 0 45,596 14,861 Total Liabilities 35,464 426,848 56,646 124,280 130,314 Net Assets Invested in Capital Assets 117,314 0 8,908,168 600,206 3,269 Unreserved 187,888 4,247,031 7,290,345 107,488 (78,853) Total Net Assets 305,202$ 4,247,031$ 16,198,513$ 707,694$ (75,584)$ 102 Property and Casualty Unemployment Utility Customer Service Workers' Compensation Total 300,052$ 75,291$ 90,596$ 326,673$ 7,346,899$ 264,699 66,420 79,922 288,184 6,481,256 1,807 454 548 1,923 43,712 29,109 0 29,092 0 60,785 0 0 13,586 0 13,586 (2,235)0 (21,376)0 (23,625) 0 0 0 0 127,616 0 0 0 0 21,967 593,432 142,165 192,368 616,780 14,072,196 0 0 0 0 786,525 0 0 1,542,925 0 26,686,572 0 0 (924,268)0 (18,081,723) 0 0 0 0 856,240 0 0 618,657 0 10,247,614 593,432 142,165 811,025 616,780 24,319,810 15,409 0 4,515 9,228 406,344 0 0 0 0 65,817 96,716 0 0 228,844 535,434 0 0 46,918 0 94,981 112,125 0 51,433 238,072 1,102,576 245,850 0 0 384,590 630,440 0 0 64,798 0 137,404 245,850 0 64,798 384,590 767,844 357,975 0 116,231 622,662 1,870,420 0 0 618,657 0 10,247,614 235,457 142,165 76,137 (5,882)12,201,776 235,457$ 142,165$ 694,794$ (5,882)$ 22,449,390$ 103 CITY OF COLLEGE STATION, TEXAS Internal Service Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets For the Fiscal Year Ended September 30, 2006 Communication Services Employee Benefits Equipment Replacement Fleet Maintenance Print/Mail Services Property and Casualty Operating Revenues Charges for Services 789,826$ 0$ 3,287,427$ 1,825,980$ 421,728$ 0$ Premiums 0 5,366,101 0 0 0 738,413 Other 0 35,515 0 0 0 0 Total Operating Revenues 789,826 5,401,616 3,287,427 1,825,980 421,728 738,413 Operating Expenses Salaries and Benefits 339,441 0 0 753,831 204,755 0 Supplies 29,980 0 900 664,908 77,225 0 Maintenance 116,078 0 1,200 33,502 63,341 0 Purchased Professional Services 292 4,755 0 1,590 31 8,000 Purchased Property Services 14,160 0 0 18,351 23,384 0 Other Purchased Services 31,235 220 0 45,075 59,289 0 Claims 0 3,719,411 0 0 0 247,560 Administration Fees 0 492,653 0 0 0 25,291 Premiums 0 421,120 0 0 0 225,058 Reimbursed Administrative 111,355 54,194 0 147,980 31,623 129,869 Depreciation 20,604 0 2,681,748 27,793 6,581 0 Other 0 735 0 30,084 (1,911)3,104 Total Operating Expenses 663,145 4,693,088 2,683,848 1,723,114 464,318 638,882 Operating Income (Loss)126,681 708,528 603,579 102,866 (42,590)99,531 Nonoperating Revenues (Expenses) Investment Income 7,649 195,596 316,149 5,080 (3,839)18,110 Reimbursed Expenses 2,384 8,287 0 1,581 3,160 60,754 Other, Net 0 1,980 137,747 0 1,713 0 Total Nonoperating Revenues 10,033 205,863 453,896 6,661 1,034 78,864 Income (Loss) Before Transfers 136,714 914,391 1,057,475 109,527 (41,556)178,395 Transfers Transfers In 0 0 59,540 0 16,939 0 Transfers Out 0 0 (718,799)0 0 0 Total Transfers 0 0 (659,259)0 16,939 0 Change in Net Assets 136,714 914,391 398,216 109,527 (24,617)178,395 Beginning Net Assets 168,488 3,332,640 15,800,297 598,167 (50,967)57,062 Ending Net Assets 305,202$ 4,247,031$ 16,198,513$ 707,694$ (75,584)$ 235,457$ 104 Unemployment Utility Customer Service Workers' Compensation Total 0$ 2,180,001$ 0$ 8,504,962$ 27,090 0 753,025 6,884,629 0 203,949 2,865 242,329 27,090 2,383,950 755,890 15,631,920 0 1,256,681 0 2,554,708 0 78,027 1,345 852,385 0 54,096 0 268,217 0 60,175 19,820 94,663 0 37,358 0 93,253 0 472,493 587 608,899 11,757 0 161,788 4,140,516 0 0 50,000 567,944 0 0 116,362 762,540 0 442,737 129,869 1,047,627 0 58,387 0 2,795,113 0 10,692 0 42,704 11,757 2,470,646 479,771 13,828,569 15,333 (86,696)276,119 1,803,351 6,028 8,105 19,964 572,842 0 1,426 0 77,592 0 (253)293,412 434,599 6,028 9,278 313,376 1,085,033 21,361 (77,418)589,495 2,888,384 0 0 0 76,479 0 (5,196)0 (723,995) 0 (5,196)0 (647,516) 21,361 (82,614)589,495 2,240,868 120,804 777,408 (595,377)20,208,522 142,165$ 694,794$ (5,882)$ 22,449,390$ 105 CITY OF COLLEGE STATION, TEXAS Internal Service Funds Combining Statement of Cash Flows For the Fiscal Year Ended September 30, 2006 Communication Employee Equipment Fleet Print/Mail Services Benefits Replacement Maintenance Services Cash Flows from Operating Activities: Cash Received from Customers 789,826$ 5,406,346$ 3,287,427$ 1,825,980$ 421,728$ Cash Payments to Suppliers for Goods and Services (297,381) (4,850,677) 29,474 (1,025,673) (238,130) Cash Payments to Employees for Services (333,202) 0 0 (732,296) (201,988) Cash Received for Reimbursed Expenses 2,381 8,287 0 1,581 3,160 Cash Received for Miscellaneous Revenues 0 1,981 0 0 1,713 Cash Received from Other Funds 0 0 0 0 436 Cash Paid for Miscellaneous Expenses 0 0 0 0 0 Net Cash Provided (Used) by Operating Activities 161,624 565,937 3,316,901 69,592 (13,081) Cash Flows from Noncapital Financing Activities: Transfers In from Other Funds 0 0 53,294 0 16,939 Transfers Out to Other Funds 0 0 (718,799) 0 0 Net Cash Provided (Used) by Noncapital Financing Activities 0 0 (665,505) 0 16,939 Cash Flows from Capital and Related Financing Activities: Acquisition of Capital Assets (18,905) 0 (3,376,077) (39,950) 0 Proceeds from Sale of Assets 0 0 194,551 0 0 Net Cash Used by Capital and Related Financing Activities (18,905) 0 (3,181,526) (39,950) 0 Cash Flows from Investing Activities: Purchase of Investments (273,154) (6,387,593) (10,446,316) (179,759) 0 Proceeds from Sale and Maturities of Investment Securities 218,194 6,847,565 12,122,803 184,411 0 Investment Income 7,190 199,365 330,488 4,916 (3,858) Net Cash Provided (Used) by Investing Activities (47,770) 659,337 2,006,975 9,568 (3,858) Net Increase in Cash and Cash Equivalents 94,949 1,225,274 1,476,845 39,210 0 Cash and Cash Equivalents, Oct. 1 23,339 1,248,626 2,414,245 31,799 0 Cash and Cash Equivalents, Sept. 30 118,288$ 2,473,900$ 3,891,090$ 71,009$ $ 0 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities: Operating Income (Loss) 126,681$ 708,528$ 603,579$ 102,866$ (42,590)$ Adjustment to Reconcile Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities: Depreciation 20,604 0 2,681,748 27,793 6,581 Miscellaneous Nonoperating Revenues 2,381 10,268 0 1,581 4,873 Miscellaneous Nonoperating Expenses 0 0 0 0 0 Change in Assets and Liabilities: Change in Accounts Receivable 0 2,750 0 0 0 Change in Inventories 0 0 0 15,877 (1,587) Change in Prepaid Costs 0 0 0 0 (10,970) Change in Accounts Payable 5,719 107,103 31,574 (90,060) 27,409 Change in Due to Other Funds 0 0 0 0 436 Change in Claims Payable 0 (262,712) 0 0 0 Change in Accrued Liabilities 2,119 0 0 2,040 (108) Change in Accrued Vacation 4,120 0 0 9,495 2,875 Total Adjustments 34,943 (142,591) 2,713,322 (33,274) 29,509 Net Cash Provided (Used) by Operating Activities 161,624$ 565,937$ 3,316,901$ 69,592$ (13,081)$ 106 Property and Utility Customer Workers' Casualty Unemployment Service Compensation Total 739,377$ 27,090$ 2,381,236$ 755,890$ 15,634,900$ (568,936) (11,757) (1,158,448) (763,955) (8,885,483) 0 0 (1,241,233) 0 (2,508,719) 60,754 0 1,426 0 77,589 0 0 0 293,412 297,106 0 0 0 0 436 0 0 (3,118) 0 (3,118) 231,195 15,333 (20,137) 285,347 4,612,711 0 0 0 0 70,233 0 0 (5,196) 0 (723,995) 0 0 (5,196) 0 (653,762) 0 0 0 0 (3,434,932) 0 0 0 0 194,551 0 0 0 0 (3,240,381) (730,307) (194,919) (246,727) (785,477) (19,244,252) 680,127 210,152 294,121 707,894 21,265,267 17,669 6,141 8,373 19,392 589,676 (32,511) 21,374 55,767 (58,191) 2,610,691 198,684 36,707 30,434 227,156 3,329,259 101,368 38,584 60,162 99,517 4,017,640 300,052$ 75,291$ 90,596$ 326,673$ 7,346,899$ 99,531$ 15,333$ (86,696)$ 276,119$ 1,803,351$ 0 0 58,387 0 2,795,113 60,754 0 1,426 293,412 374,695 0 0 (3,118) 0 (3,118) (814) 0 40 0 1,976 0 0 0 0 14,290 0 0 0 0 (10,970) 8,928 0 (5,624) 9,228 94,277 0 0 0 0 436 62,796 0 0 (293,412) (493,328) 0 0 7,518 0 11,569 0 0 7,930 0 24,420 131,664 0 66,559 9,228 2,809,360 231,195$ 15,333$ (20,137)$ 285,347$ 4,612,711$ 107 108 109 CAPITAL ASSETS USED IN THE OPERATION OF GOVERNMENTAL FUNDS 110 Governmental funds capital assets: Buildings and Building Improvements 19,619,486$ Improvements 21,553,113 Machinery and Equipment 5,617,968 Infrastructure 164,452,064 Construction in Progress 19,044,324 Land 27,693,130 257,980,085$ Investments in governmental funds capital assets by source: Capital Projects 161,213,972$ General Fund Revenues 6,393,445 Special Revenue Funds 11,337,170 Contributions 79,035,498 257,980,085$ This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the statement of net assets. CITY OF COLLEGE STATION, TEXAS Capital Assets Used in the Operation of Governmental Funds Schedule by Source As of September 30, 2006 111 Improvements Machine/Tool Function and Activity Total Buildings Other than Bldg Equipment Infrastructure Land Planning and Development Services: Development Services Administration 38,499$ 15,500$ -$ 22,999$ -$ -$ Inspection - - - - - - 38,499 15,500 - 22,999 - - Fire: Emergency Management 9,818 - - 9,818 - - Emergency Medical Services 312,952 - - 312,952 - - Fire Administration 310,024 - - 310,024 - - Fire Prevention - - - - - - Fire Suppression 259,175 - - 259,175 - - 891,969 - - 891,969 - - Fiscal Services: Accounting - - - - - - Budget/Research - - - - - - Fiscal Administration - - - - - - Municipal Court 79,991 - - 79,991 - - Purchasing - - - - - - Risk Management - - - - - - 79,991 - - 79,991 - - General Government: Community Development 20,840 - - - - 20,840 City Manager 79,322 - - 79,322 - - City Programs 1,437,504 - - - - 1,437,504 City Secretary - - - - - - Economic Development 14,470 - - - - 14,470 Human Resources - - - - - - Legal - - - - - - Capital Projects 23,762,484 - 181,736 1,962,524 607,061 21,011,163 Public Communications 179,343 - - 179,343 - - 25,493,963 - 181,736 2,221,189 607,061 22,483,977 Information Services: Geographic Information Systems 32,292 - - 32,292 - - Library Services 276,969 - - 236,969 - 40,000 Management Information Systems 1,021,443 - - 1,021,443 - - IS Administration 155,994 - - 155,994 - - 1,486,698 - - 1,446,698 - 40,000 Police: Criminal Investigation 36,620 - - 36,620 - - Communications/Jail - - - - - - Police Administration 324,006 - - 324,006 - - Professional Standards - - - - - - Quartermaster 16,849 - - 16,849 - - Special Services 42,912 - - 42,912 - - Technical Services - - - - - - Uniform Patrol 51,838 - - 51,838 - - 472,225 - - 472,225 - - CITY OF COLLEGE STATION, TEXAS Capital Assets Used in the Operation of Governmental Funds Schedule by Function and Activity As of September 30, 2006 112 Improvements Machine/Tool Function and Activity Total Buildings Other than Bldg Equipment Infrastructure Land CITY OF COLLEGE STATION, TEXAS Capital Assets Used in the Operation of Governmental Funds Schedule by Function and Activity As of September 30, 2006 Parks and Recreation: Forestry 24,025 - 13,735 10,290 - - Parks Administration 207,050 - 207,050 - - - Parks Maintenance/Operations 278,632 - 149,571 129,061 - - Capital Projects 19,867,669 898,445 18,218,276 - - 750,948 Recreation 5,199 - - 5,199 - - Special Facilities 22,619 - 10,619 12,000 - - 20,405,194 898,445 18,599,251 156,550 - 750,948 Public Works: Drainage Maintenance 14,993 - - 14,993 - - Engineering 17,987 - - 17,987 - - Facilities Maintenance 117,858 70,238 - 14,720 - 32,900 Public Works Administration 20,517 - - 20,517 - - Capital Projects 50,032,606 - 1,430,035 - 47,198,334 1,404,237 Streets Maintenance 204,588 - - 204,588 - - Traffic Signs/Markings 5,689 - - 5,689 - - Traffic Signals 47,854 1 - 47,853 - - 50,462,092 70,239 1,430,035 326,347 47,198,334 1,437,137 Other: Non-departmental 139,605,130 18,635,302 1,342,091 - 116,646,669 2,981,068 139,605,130 18,635,302 1,342,091 - 116,646,669 2,981,068 Construction in Progress 19,044,324 2,585,876 4,730,037 525,824 11,202,587 - 19,044,324 2,585,876 4,730,037 525,824 11,202,587 - Total Governmental Funds Capital Assets 257,980,085$ 22,205,362$ 26,283,150$ 6,143,792$ 175,654,651$ 27,693,130$ This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the statement of net assets. 113 Governmental Funds Governmental Funds Capital Assets Capital Assets Function and Activity 9/30/05 Additions Retirements Transfers/Other 9/30/06 Planning and Development Services: Development Services Administration 24,029$ 14,470$ -$ -$ 38,499$ Inspection - - - - - 24,029 14,470 - - 38,499 Fire: Emergency Management - 9,818 - - 9,818 Emergency Medical Services 312,951 - - - 312,951 Fire Administration 188,745 121,280 - - 310,025 Fire Prevention - - - - - Fire Suppression 259,175 - - - 259,175 760,871 131,098 - - 891,969 Fiscal Services: Accounting - - - - - Budget/Research - - - - - Fiscal Administration - - - - - Municipal Court 79,991 - - - 79,991 Purchasing - - - - - Risk Management - - - - - 79,991 - - - 79,991 General Government: Community Development 20,840 - - - 20,840 City Manager 79,322 - - - 79,322 City Programs 1,437,504 - - - 1,437,504 City Secretary - - - - - Economic Development 14,470 - - - 14,470 Human Resources - - - - - Legal - - - - - Capital Projects 20,642,209 3,120,275 - - 23,762,484 Public Communications 123,426 55,917 - - 179,343 22,317,771 3,176,192 - - 25,493,963 Information Services: Geographic Information Systems 32,292 - - - 32,292 Library Services 236,970 40,000 - - 276,970 Management Information Systems 938,654 82,788 - - 1,021,442 IS Administration 155,994 - - - 155,994 1,363,910 122,788 - - 1,486,698 Police: Criminal Investigation 36,620 - - - 36,620 Communications/Jail - - - - - Police Administration 323,662 344 - - 324,006 Professional Standards - - - - - Quartermaster - 16,849 - - 16,849 Special Services - 42,912 - - 42,912 Technical Services - - - - - Uniform Patrol 23,440 28,398 - - 51,838 383,722 88,503 - - 472,225 CITY OF COLLEGE STATION, TEXAS Capital Assets Used in the Operation of Governmental Funds Schedule of Changes by Function and Activity As of September 30, 2006 114 Governmental Funds Governmental Funds Capital Assets Capital Assets Function and Activity 9/30/05 Additions Retirements Transfers/Other 9/30/06 CITY OF COLLEGE STATION, TEXAS Capital Assets Used in the Operation of Governmental Funds Schedule of Changes by Function and Activity As of September 30, 2006 Parks and Recreation: Forestry 24,025 - - - 24,025 Parks Administration 207,050 - - - 207,050 Parks Maintenance/Operations 195,517 83,115 - - 278,632 Capital Projects 16,152,914 3,714,754 - - 19,867,668 Recreation - 5,200 - - 5,200 Special Facilities 22,619 - - - 22,619 16,602,125 3,803,069 - - 20,405,194 Public Works: Drainage Maintenance - 14,993 - - 14,993 Engineering 9,387 8,600 - - 17,987 Facilities Maintenance 19,975 97,883 - - 117,858 Public Works Administration 20,517 - - - 20,517 Capital Projects 45,524,156 4,508,450 - - 50,032,606 Streets Maintenance 178,408 26,180 - - 204,588 Traffic Signs/Markings - 5,689 - - 5,689 Traffic Signals 47,854 - - - 47,854 45,800,297 4,661,795 - - 50,462,092 Other: Non-departmental 132,267,657 7,337,473 - - 139,605,130 132,267,657 7,337,473 - - 139,605,130 Construction in Progress 19,277,213 11,258,400 (11,491,289) - 19,044,324 19,277,213 11,258,400 (11,491,289) - 19,044,324 Total Governmental Funds Capital Assets 238,877,586$ 30,593,788$ (11,491,289)$ -$ 257,980,085$ This schedule presents only the capital asset balances related to governmental funds. Accordingly, the capital assets reported in internal service funds are excluded from the above amounts. Generally, the capital assets of internal service funds are included as governmental activities in the statement of net assets. 115 116 2003 2004 2005 2006 Governmental activities Invested in capital assets, net of related debt 86,587,535$ 100,066,963$ 106,460,949$ 108,287,795$ Restricted 12,031,989 4,289,623 4,289,531 4,564,184 Unrestricted 28,076,989 25,962,837 27,897,090 39,602,065 Total governmental activities net assets 126,696,513$ 130,319,423$ 138,647,570$ 152,454,044$ Business-type activities Invested in capital assets, net of related debt 109,857,913$ 130,810,275$ 132,001,489$ 142,778,246$ Restricted 2,466,731 2,651,325 2,797,735 2,920,980 Unrestricted 31,766,395 29,665,429 30,830,640 32,980,043 Total business-type activities net assets 144,091,039$ 163,127,029$ 165,629,864$ 178,679,269$ Primary government Invested in capital assets, net of related debt 196,445,448$ 230,877,238$ 238,462,438$ 251,066,041$ Restricted 14,498,720 6,940,948 7,087,266 7,485,164 Unrestricted 59,843,384 55,628,266 58,727,730 72,582,108 Total primary government net assets 270,787,552$ 293,446,452$ 304,277,434$ 331,133,313$ Source: City of College Station Note: The City began to report accrual information when it implemented GASB Statement 34 in fiscal year 2003 CITY OF COLLEGE STATION, TEXAS Fiscal Year NET ASSETS BY COMPONENT LAST FOUR FISCAL YEARS (accrual basis of accounting) 117 2003 2004 2005 2006 Expenses Governmental activities: General government 7,857,618$ 7,536,427$ 6,457,556$ 7,755,725$ Fiscal services 1,834,859 1,953,189 2,467,187 2,452,442 Police 9,374,251 9,654,447 10,666,318 11,214,413 Fire 7,102,089 7,189,495 7,853,876 8,280,257 Planning and development services 1,651,761 1,586,114 1,580,317 1,449,327 Public works 5,242,162 5,004,976 5,401,568 6,227,707 Parks and recreation 6,361,728 6,154,862 6,549,466 7,353,984 Information services 2,919,155 2,652,957 2,881,863 3,087,596 Interest on long-term debt 3,643,268 3,448,533 3,895,520 4,116,871 Unallocated depreciation 2,543,780 2,690,998 5,430,745 5,759,049 Total governmental activities expense 48,530,671 47,871,998 53,184,416 57,697,371 Business-type activities: Electric 43,299,695 41,120,750 47,815,339 51,250,110 Water 6,283,025 6,542,184 7,908,695 7,770,081 Sewer 7,347,315 7,214,296 7,262,208 7,973,677 Sanitation 4,419,352 4,848,591 4,931,079 5,421,624 Cedar Creek Condominiums 0 61,150 0 0 Northgate parking 461,394 550,544 591,944 621,593 Total business-type activities expense 61,810,781 60,337,515 68,509,265 73,037,085 Total primary government expense 110,341,452$ 108,209,513$ 121,693,681$ 130,734,456$ Program Revenues Governmental activities: Charges for services: Fines, forfeits and penalties 3,215,162$ 3,563,970$ 4,008,637$ 3,798,807$ Licenses and permits 1,104,793 1,215,924 1,043,672 1,091,848 Publice works 1,237,447 1,784,694 1,110,686 1,290,935 Parks and recreation 1,399,390 1,346,580 1,044,134 1,244,476 Other activities 1,480,889 1,614,408 2,002,338 2,656,136 Operating grants and contributions 1,891,808 3,208,957 2,629,494 3,144,254 Capital grants and contributions 6,399,178 5,266,837 4,489,883 7,477,874 Total governmental activities program revenues 16,728,667 18,001,370 16,328,844 20,704,330 Business-type activities: Charges for services: Electric sales 46,592,459 47,431,497 51,467,169 60,217,421 Water sales 8,861,195 8,319,779 9,519,714 10,852,660 Sewer service 9,159,142 9,334,778 9,697,314 10,363,603 Garbage collection fees 5,986,207 4,829,150 5,151,204 6,419,446 Parking garage fees 545,566 603,465 480,627 576,892 Other activities 4,341 0 0 0 Operating grants and contributions 50,700 0 0 0 Capital grants and contributions 3,887,629 5,179,221 1,937,320 4,677,465 Total business-type activities program revenues 75,087,239 75,697,890 78,253,348 93,107,487 Total primary government program revenues 91,815,906$ 93,699,260$ 94,582,192$ 113,811,817$ Fiscal Year CITY OF COLLEGE STATION, TEXAS CHANGES IN NET ASSETS LAST FOUR FISCAL YEARS (accrual basis of accounting) 118 2003 2004 2005 2006 Net (Expense)/Revenue Governmental activities (31,802,004)$ (29,870,628)$ (36,855,572)$ (36,993,041)$ Business-type activities 13,276,458 15,360,375 9,744,083 20,070,402 Total primary government net expense (18,525,546)$ (14,510,253)$ (27,111,489)$ (16,922,639)$ General Revenues and Other Changes in Net Assets Governmental activities: Taxes Property taxes 13,441,000$ 14,668,641$ 15,888,475$ 16,646,519$ Sales and mixed beverage taxes 14,027,489 15,238,995 15,705,090 17,082,936 Franchise taxes 1,688,947 1,974,587 1,718,491 2,132,341 Hotel taxes 2,120,015 2,191,429 2,306,928 2,671,417 Unrestricted investment earnings 1,739,929 1,224,546 1,487,926 3,415,849 Gain (Loss) on sale of capital assets 19,563 4,386 (111,916) 0 Correction to value of capital assets 7,795,715 0 0 0 Adjustment to claims payable 0 (904,263) 0 0 Transfers 6,856,352 (904,783) 8,188,725 8,850,453 Total governmental activities 47,689,010 33,493,538 45,183,719 50,799,515 Business-type activities: Unrestricted investment earnings 1,126,900 662,359 947,477 1,829,456 Correction to value of capital assets 0 2,108,473 0 0 Transfers (6,856,352) 904,783 (8,188,725) (8,850,453) Total business-type activities (5,729,452) 3,675,615 (7,241,248) (7,020,997) Total primary government 41,959,558$ 37,169,153$ 37,942,471$ 43,778,518$ Change in net assets Governmental activities 15,887,006$ 3,622,910$ 8,328,147$ 13,806,474$ Business-type activities 7,547,006 19,035,990 2,502,835 13,049,405 Total primary government 23,434,012$ 22,658,900$ 10,830,982$ 26,855,879$ Source: City of College Station Notes: The City began to report accrual information when it implemented GASB Statement 34 in fiscal year 2003. Correction to value of capital assets in fiscal years 2003 and 2004 are prior period adjustments. Adjustment to claims payable in fiscal year 2004 is a prior period adjustment. Fiscal Year CITY OF COLLEGE STATION, TEXAS CHANGES IN NET ASSETS - Continued LAST FOUR FISCAL YEARS (accrual basis of accounting) 119 20 0 3 20 0 4 20 0 5 20 0 6 Fu n c t i o n / P r o g r a m Go v e r n m e n t a l a c t i v i t i e s : G e n e r a l g o v e r n m e n t 1 , 9 7 9 , 2 0 7 $ 3 , 6 1 8 , 8 7 8 $ 3 , 1 2 1 , 4 3 0 $ 4 , 3 5 7 , 5 9 7 $ F i s c a l s e r v i c e s 3 2 7 , 1 8 8 3 3 3 , 0 4 3 5 0 8 , 8 1 0 5 4 7 , 7 9 0 P o l i c e 3 , 3 6 4 , 9 9 1 3 , 6 7 7 , 3 9 1 4 , 0 9 3 , 4 2 5 3 , 8 7 5 , 9 0 0 F i r e 9 1 6 , 4 7 3 7 2 4 , 2 7 8 9 1 6 , 8 0 4 8 1 7 , 9 1 0 P l a n n i n g a n d d e v e l o p m e n t s e r v i c e s 1 , 1 0 4 , 7 9 3 1 , 2 1 5 , 9 2 4 1 , 0 4 3 , 6 7 2 1 , 0 9 1 , 8 4 8 P u b l i c w o r k s 7 , 6 3 6 , 6 2 5 7 , 0 5 1 , 5 3 1 5 , 6 0 0 , 5 6 9 8 , 7 6 8 , 8 0 9 P a r k s a n d r e c r e a t i o n 1 , 3 9 9 , 3 9 0 1 , 3 8 0 , 3 2 5 1 , 0 4 4 , 1 3 4 1 , 2 4 4 , 4 7 6 Su b t o t a l g o v e r n m e n t a l a c t i v i t i e s 1 6 , 7 2 8 , 6 6 7 1 8 , 0 0 1 , 3 7 0 1 6 , 3 2 8 , 8 4 4 2 0 , 7 0 4 , 3 3 0 Bu s i n e s s - t y p e a c t i v i t i e s : E l e c t r i c 4 7 , 0 1 8 , 0 7 2 4 8 , 0 3 2 , 1 8 5 5 2 , 7 8 0 , 9 1 4 6 2 , 2 8 4 , 9 3 5 W a t e r 1 0 , 9 5 7 , 0 6 6 1 0 , 2 6 0 , 3 0 7 9 , 8 2 6 , 3 6 0 1 2 , 4 0 9 , 7 2 8 S e w e r 1 0 , 5 7 5 , 9 8 7 1 1 , 9 7 2 , 7 8 3 1 0 , 0 1 4 , 2 4 3 1 1 , 4 1 6 , 4 8 6 S a n i t a t i o n 5 , 9 8 6 , 2 0 7 4 , 8 2 9 , 1 5 0 5 , 1 5 1 , 2 0 4 6 , 4 1 9 , 4 4 6 C e d a r C r e e k C o n d o m i n i u m s 4 , 3 4 1 0 0 0 N o r t h g a t e p a r k i n g 5 4 5 , 5 6 6 6 0 3 , 4 6 5 4 8 0 , 6 2 7 5 7 6 , 8 9 2 Su b t o t a l b u s i n e s s - t y p e a c t i v i t i e s 7 5 , 0 8 7 , 2 3 9 7 5 , 6 9 7 , 8 9 0 7 8 , 2 5 3 , 3 4 8 9 3 , 1 0 7 , 4 8 7 To t a l p r i m a r y g o v e r n m e n t 9 1 , 8 1 5 , 9 0 6 $ 9 3 , 6 9 9 , 2 6 0 $ 9 4 , 5 8 2 , 1 9 2 $ 1 1 3 , 8 1 1 , 8 1 7 $ So u r c e : C i t y o f C o l l e g e S t a t i o n Pr o g r a m R e v e n u e s CI T Y O F C O L L E G E S T A T I O N , T E X A S PR O G R A M R E V E N U E S B Y F U N C T I O N / P R O G R A M LA S T F O U R F I S C A L Y E A R S (a c c r u a l b a s i s o f a c c o u n t i n g ) 120 19 9 7 19 9 8 19 9 9 20 0 0 20 0 1 20 0 2 20 0 3 20 0 4 20 0 5 20 0 6 Ge n e r a l F u n d R e s e r v e d 3 1 1 , 8 4 0 $ 7 6 9 , 6 5 5 $ 3 4 6 , 0 3 8 $ 5 4 3 , 3 9 6 $ 6 6 0 , 4 8 8 $ 9 8 9 , 0 2 8 $ 1 , 7 2 8 , 2 9 4 $ 1 , 0 8 9 , 5 1 0 $ 1 , 1 3 2 , 1 8 0 $ 1 , 5 2 3 , 6 1 9 $ U n r e s e r v e d 7 , 2 9 8 , 5 7 0 6 , 4 8 9 , 5 4 1 7 , 4 6 3 , 4 9 3 7 , 8 8 4 , 7 8 7 8 , 7 7 2 , 2 1 2 9 , 1 2 2 , 1 9 7 9 , 5 2 2 , 0 4 1 9 , 6 1 3 , 4 4 2 9 , 0 3 8 , 3 4 5 9 , 4 4 8 , 3 8 9 To t a l g e n e r a l f u n d 7 , 6 1 0 , 4 1 0 $ 7 , 2 5 9 , 1 9 6 $ 7 , 8 0 9 , 5 3 1 $ 8 , 4 2 8 , 1 8 3 $ 9 , 4 3 2 , 7 0 0 $ 1 0 , 1 1 1 , 2 2 5 $ 1 1 , 2 5 0 , 3 3 5 $ 1 0 , 7 0 2 , 9 5 2 $ 1 0 , 1 7 0 , 5 2 5 $ 1 0 , 9 7 2 , 0 0 8 $ Al l O t h e r G o v e r n m e n t a l F u n d s R e s e r v e d 8 , 0 7 6 , 8 5 7 $ 5 , 2 0 1 , 7 7 9 $ 8 , 2 8 9 , 9 6 6 $ 2 8 , 6 9 1 , 6 5 1 $ 9 , 3 9 5 , 6 2 1 $ 1 0 , 6 8 5 , 3 3 8 $ 4 1 , 1 1 9 , 8 9 4 $ 4 2 , 5 2 2 , 3 7 9 $ 4 2 , 9 9 9 , 1 1 1 $ 4 9 , 1 1 1 , 9 7 4 $ U n r e s e r v e d , r e p o r t e d i n : S p e c i a l r e v e n u e f u n d s 1 , 4 7 8 , 3 8 0 7 , 1 5 8 , 8 7 3 7 , 3 5 6 , 2 7 4 7 , 6 5 5 , 3 8 3 1 2 , 7 4 9 , 5 0 5 1 2 , 4 6 0 , 1 5 5 1 0 , 8 5 1 , 9 3 5 6 , 0 8 5 , 2 5 5 6 , 2 4 4 , 2 2 5 7 , 4 6 2 , 1 4 0 C a p i t a l p r o j e c t s f u n d s 1 , 9 3 0 , 8 0 5 7 , 7 4 6 , 9 3 5 1 0 , 2 4 4 , 4 0 5 0 2 5 , 4 4 3 , 1 6 7 3 3 , 2 7 5 , 2 2 2 0 0 0 0 To t a l a l l o t h e r g o v e r n m e n t a l f u n d s 1 1 , 4 8 6 , 0 4 2 $ 2 0 , 1 0 7 , 5 8 7 $ 2 5 , 8 9 0 , 6 4 5 $ 3 6 , 3 4 7 , 0 3 4 $ 4 7 , 5 8 8 , 2 9 3 $ 5 6 , 4 2 0 , 7 1 5 $ 5 1 , 9 7 1 , 8 2 9 $ 4 8 , 6 0 7 , 6 3 4 $ 4 9 , 2 4 3 , 3 3 6 $ 5 6 , 5 7 4 , 1 1 4 $ So u r c e : C i t y o f C o l l e g e S t a t i o n No t e : F i s c a l y e a r s 1 9 9 7 t h r o u g h 2 0 0 2 h a v e b e e n r e s t a t e d t o i n c l u d e t r u s t f u n d s . Fi s c a l Y e a r CI T Y O F C O L L E G E S T A T I O N , T E X A S FU N D B A L A N C E S , G O V E R N M E N T A L F U N D S LA S T T E N F I S C A L Y E A R S (m o d i f i e d a c c r u a l b a s i s o f a c c o u n t i n g ) 121 19 9 7 19 9 8 19 9 9 20 0 0 20 0 1 20 0 2 20 0 3 20 0 4 20 0 5 20 0 6 Re v e n u e s Ta x e s 2 0 , 0 0 2 , 2 2 1 $ 2 2 , 0 0 7 , 5 0 6 $ 2 3 , 4 6 5 , 2 4 0 $ 2 5 , 4 2 9 , 1 8 3 $ 2 7 , 2 5 4 , 7 0 1 $ 2 9 , 4 9 9 , 6 4 4 $ 3 1 , 2 7 7 , 4 5 1 $ 3 4 , 0 7 3 , 6 5 2 $ 3 5 , 6 1 8 , 9 8 4 $ 3 8 , 5 3 3 , 2 1 3 $ Li c e n s e s a n d p e r m i t s 4 8 7 , 3 0 0 5 7 7 , 0 3 2 6 4 3 , 9 6 8 6 8 0 , 7 7 6 7 7 9 , 1 5 9 8 7 0 , 6 3 6 1 , 0 1 2 , 9 6 0 1 , 1 1 2 , 7 6 6 1 , 0 2 5 , 0 1 3 9 4 5 , 5 9 3 In t e r g o v e r n m e n t a l 1 , 9 2 3 , 1 3 8 1 , 5 5 1 , 7 5 3 2 , 1 5 3 , 8 5 3 1 , 6 0 7 , 1 5 5 3 , 2 2 1 , 8 5 1 2 , 5 7 2 , 4 2 8 1 , 9 5 0 , 8 8 3 3 , 2 0 8 , 9 5 7 2 , 5 9 2 , 3 1 2 3 , 1 4 4 , 2 5 4 Ch a r g e s f o r s e r v i c e s 1 , 3 4 8 , 6 1 4 1 , 4 6 3 , 8 0 9 1 , 5 4 6 , 9 1 2 1 , 8 1 9 , 0 6 9 2 , 0 3 8 , 4 2 2 2 , 2 5 1 , 2 9 7 2 , 6 1 0 , 0 5 6 2 , 5 3 8 , 5 8 3 2 , 6 3 4 , 6 8 3 2 , 9 2 5 , 2 8 1 Fi n e s , f o r f e i t s a n d p e n a l t i e s 1 , 1 7 9 , 2 5 7 1 , 2 3 3 , 9 2 0 1 , 2 0 8 , 4 9 9 1 , 3 9 3 , 5 6 6 1 , 7 9 8 , 8 7 0 2 , 2 2 5 , 3 5 4 2 , 6 5 7 , 6 4 3 2 , 9 6 6 , 2 7 8 3 , 5 1 8 , 9 4 0 3 , 2 8 5 , 9 0 7 Sp e c i a l a s s e s s m e n t s 8 1 4 , 8 7 7 8 6 3 , 7 7 8 8 7 5 , 3 5 3 9 1 1 , 4 1 5 9 4 4 , 6 3 6 9 8 2 , 7 6 0 1 , 0 3 5 , 0 2 3 1 , 0 6 2 , 1 7 9 1 , 1 1 0 , 6 8 6 1 , 2 9 0 , 9 3 5 In v e s t m e n t i n c o m e 1 , 2 4 3 , 6 0 5 1 , 6 8 3 , 6 7 0 1 , 5 2 2 , 8 3 7 2 , 6 4 2 , 3 2 8 3 , 4 8 7 , 8 1 4 2 , 6 1 5 , 7 9 8 1 , 5 4 3 , 0 2 6 1 , 0 6 2 , 0 6 9 1 , 2 6 9 , 2 0 1 3 , 0 6 6 , 6 4 2 Re n t s a n d r o y a l t i e s 1 4 5 , 2 2 7 1 4 3 , 3 8 0 1 6 6 , 7 2 3 1 6 7 , 9 2 7 2 1 3 , 8 3 2 2 2 8 , 3 9 2 2 3 3 , 0 2 6 2 5 6 , 0 2 3 2 4 3 , 8 3 1 2 4 4 , 8 6 4 Lo a n r e p a y m e n t s 1 1 1 , 0 5 2 1 1 7 , 4 0 9 1 2 2 , 1 9 8 6 , 8 7 9 9 , 9 7 9 9 , 6 2 6 1 1 , 3 2 2 5 , 4 1 8 2 , 5 4 1 0 Co n t r i b u t i o n s 2 8 6 , 5 4 9 2 0 3 , 8 1 6 2 3 1 , 1 3 1 1 6 6 , 9 7 5 4 4 8 , 9 4 9 3 5 6 , 3 6 9 4 7 5 , 9 1 3 7 8 4 , 4 0 2 3 7 , 1 8 2 1 2 , 2 8 1 Re i m b u r s e d e x p e n d i t u r e s 1 , 3 4 1 3 , 7 8 1 0 0 5 3 1 , 3 0 7 3 2 , 8 0 3 7 , 2 5 8 2 8 , 3 9 3 0 1 4 5 , 7 4 9 Ot h e r r e v e n u e s 2 1 6 , 5 0 4 1 8 9 , 7 9 3 3 4 0 , 6 6 9 5 4 6 , 9 3 5 5 5 1 , 2 8 0 4 3 7 , 3 5 9 3 3 5 , 4 0 5 6 7 9 , 3 4 9 6 3 1 , 1 9 2 4 4 7 , 4 3 2 To t a l r e v e n u e s 2 7 , 7 5 9 , 6 8 5 3 0 , 0 3 9 , 6 4 7 3 2 , 2 7 7 , 3 8 3 3 5 , 3 7 2 , 2 0 8 4 1 , 2 8 0 , 8 0 0 4 2 , 0 8 2 , 4 6 6 4 3 , 1 4 9 , 9 6 6 4 7 , 7 7 8 , 0 6 9 4 8 , 6 8 4 , 5 6 5 5 4 , 0 4 2 , 1 5 1 Ex p e n d i t u r e s Ge n e r a l g o v e r n m e n t 1 , 6 2 9 , 8 7 1 1 , 6 2 3 , 7 8 4 1 , 7 3 5 , 5 9 2 1 , 7 7 5 , 4 9 4 2 , 9 0 9 , 4 3 6 3 , 8 0 1 , 2 5 0 3 , 7 6 5 , 0 7 9 4 , 1 8 7 , 9 7 2 4 , 4 8 0 , 0 7 5 4 , 2 1 6 , 5 8 2 Fi s c a l s e r v i c e s 1 , 4 3 3 , 5 0 1 1 , 5 3 3 , 2 2 8 1 , 7 8 3 , 6 0 2 1 , 9 6 7 , 1 3 5 1 , 8 8 9 , 6 1 1 2 , 1 1 2 , 9 3 6 2 , 3 1 9 , 0 0 8 2 , 4 7 9 , 0 8 2 3 , 0 3 8 , 1 4 5 3 , 0 5 0 , 5 3 3 Po l i c e 5 , 8 6 0 , 5 8 6 6 , 2 8 9 , 0 0 5 6 , 9 0 3 , 8 3 8 7 , 5 6 7 , 6 2 0 8 , 2 7 3 , 6 3 2 8 , 8 2 9 , 0 6 0 9 , 1 4 3 , 3 3 1 9 , 8 0 3 , 5 7 7 1 0 , 8 2 9 , 0 8 1 1 1 , 5 5 9 , 6 6 9 Fi r e 3 , 8 9 8 , 3 0 5 4 , 1 9 5 , 3 3 4 4 , 8 4 4 , 0 3 1 5 , 1 7 9 , 1 0 4 5 , 7 0 2 , 8 0 4 6 , 3 4 0 , 7 7 5 6 , 9 8 9 , 1 2 5 7 , 2 7 5 , 2 8 9 7 , 9 6 4 , 7 8 5 8 , 4 9 3 , 2 2 8 Pl a n n i n g a n d d e v e l o p m e n t s e r v i c e s 1 , 6 5 9 , 7 6 0 1 , 4 1 0 , 2 2 1 1 , 4 4 5 , 1 7 2 1 , 5 5 8 , 0 3 6 1 , 8 8 7 , 3 7 8 1 , 8 8 3 , 2 2 4 1 , 9 3 5 , 2 7 7 1 , 9 6 4 , 0 0 1 1 , 9 6 2 , 6 0 3 1 , 8 7 7 , 7 3 2 Pu b l i c w o r k s 3 , 1 4 2 , 2 8 4 3 , 8 2 1 , 6 3 5 3 , 9 2 3 , 0 0 9 4 , 3 5 3 , 0 7 3 4 , 5 8 3 , 7 9 6 5 , 2 0 7 , 1 0 1 5 , 2 9 2 , 2 4 3 5 , 5 3 4 , 4 0 4 6 , 1 1 7 , 2 4 1 7 , 1 1 6 , 3 2 9 Ec o n o m i c a n d c o m m u n i t y d e v e l o p m e n t 5 8 4 , 0 7 6 5 8 2 , 2 0 0 5 9 4 , 4 1 7 7 7 3 , 7 0 3 4 1 , 6 2 3 1 2 2 , 0 7 4 6 , 3 6 9 1 6 , 8 8 6 1 1 , 2 8 1 0 Pa r k s a n d r e c r e a t i o n 4 , 1 4 6 , 9 1 4 4 , 2 6 7 , 7 1 4 4 , 5 9 2 , 9 9 0 5 , 1 8 5 , 3 9 2 5 , 2 0 0 , 8 0 9 5 , 8 6 2 , 9 3 8 6 , 2 7 9 , 3 4 2 6 , 3 8 8 , 0 9 9 6 , 7 7 8 , 1 9 6 7 , 5 2 0 , 1 8 9 In f o r m a t i o n s y s t e m s 1 , 6 9 8 , 3 4 9 1 , 2 2 6 , 9 9 1 1 , 4 9 8 , 6 3 5 1 , 7 6 0 , 1 9 1 2 , 2 2 9 , 6 0 0 2 , 2 4 3 , 8 4 4 2 , 3 2 0 , 9 5 0 2 , 3 4 6 , 5 3 4 2 , 5 0 0 , 5 1 8 2 , 5 9 6 , 5 9 1 Li b r a r y 3 6 7 , 5 4 5 5 4 6 , 4 3 7 5 7 1 , 7 4 2 6 0 0 , 7 7 8 5 8 1 , 7 6 8 6 7 0 , 8 1 8 6 8 1 , 3 5 0 6 6 5 , 2 9 1 6 9 4 , 4 4 5 8 7 0 , 2 0 3 Re i m b u r s e d a d m i n i s t r a t i v e ( 2 , 4 2 9 , 4 9 0 ) ( 2 , 4 5 8 , 0 0 0 ) ( 2 , 7 6 9 , 9 4 2 ) ( 2 , 8 7 8 , 1 3 2 ) ( 3 , 5 3 8 , 8 7 7 ) ( 3 , 5 5 9 , 5 5 6 ) ( 3 , 7 0 3 , 5 2 9 ) ( 3 , 3 2 8 , 4 3 1 ) ( 3 , 4 8 5 , 8 0 7 ) ( 3 , 3 3 5 , 2 6 4 ) Co n t r i b u t i o n s 1 , 2 2 4 , 0 6 0 1 , 3 6 2 , 3 9 2 1 , 5 2 8 , 6 1 5 1 , 8 2 9 , 1 2 5 1 , 5 4 1 , 1 7 3 1 , 3 4 8 , 8 8 5 1 , 5 7 3 , 6 5 1 2 , 5 0 4 , 5 8 9 1 , 8 9 5 , 7 4 2 1 , 9 9 5 , 5 6 4 Co m m u n i t y d e v e l o p m e n t b l o c k g r a n t 0 0 0 0 0 5 3 8 , 9 0 1 2 2 2 , 1 6 9 2 0 1 , 0 9 9 2 7 5 , 7 7 5 3 4 0 , 3 9 9 Ho m e g r a n t 0 0 0 0 0 6 2 6 , 8 4 8 4 0 8 , 7 7 9 3 0 4 , 5 8 0 4 3 9 , 2 4 3 8 4 0 , 2 1 1 Co m m u n i t y d e v e l o p m e n t g r a n t 5 7 3 , 9 8 6 5 3 7 , 5 8 5 1 , 1 1 0 , 6 1 0 4 8 0 , 8 6 5 7 6 3 , 3 0 3 0 0 0 0 0 Cl a i m s e t t l e m e n t s 0 0 2 7 0 , 0 0 0 0 0 0 0 0 0 0 Ot h e r e x p e n d i t u r e s 3 1 4 , 4 8 8 2 5 1 , 9 7 3 9 5 , 6 4 8 2 6 9 , 7 8 6 5 7 7 , 6 0 6 1 8 3 , 4 5 0 6 2 4 , 8 3 7 2 5 3 , 2 7 0 2 9 6 , 3 4 4 1 0 8 , 5 2 7 Ca p i t a l o u t l a y 5 , 6 3 7 , 3 3 7 8 , 8 6 8 , 1 2 9 5 , 4 5 2 , 0 3 4 1 1 , 7 7 8 , 5 8 5 9 , 8 8 5 , 4 7 4 1 3 , 7 0 2 , 8 1 9 1 1 , 2 8 6 , 4 4 8 1 2 , 7 7 5 , 4 1 3 1 5 , 4 3 5 , 3 7 6 1 1 , 6 1 0 , 1 8 9 De b t s e r v i c e P r i n c i p a l 2 , 6 9 4 , 0 7 5 3 , 1 1 3 , 9 1 5 2 , 8 4 5 , 0 0 0 3 , 4 6 3 , 6 1 4 4 , 4 7 5 , 0 0 0 5 , 9 5 0 , 0 0 0 5 , 8 2 0 , 0 0 0 1 0 , 1 1 0 , 0 0 0 6 , 1 9 0 , 0 0 0 7 , 2 8 5 , 0 0 0 Fi s c a l Y e a r CI T Y O F C O L L E G E S T A T I O N , T E X A S CH A N G E S I N F U N D B A L A N C E S , G O V E R N M E N T A L F U N D S LA S T T E N F I S C A L Y E A R S (m o d i f i e d a c c r u a l b a s i s o f a c c o u n t i n g ) 122 19 9 7 19 9 8 19 9 9 20 0 0 20 0 1 20 0 2 20 0 3 20 0 4 20 0 5 20 0 6 I n t e r e s t 1 , 5 4 6 , 2 7 8 1 , 5 0 2 , 1 4 6 2 , 1 4 7 , 6 5 3 2 , 1 1 7 , 4 8 0 3 , 2 1 3 , 7 7 0 3 , 4 2 5 , 3 9 0 3 , 6 4 7 , 5 2 9 3 , 3 7 6 , 5 3 8 3 , 8 8 5 , 0 7 5 4 , 0 7 8 , 6 3 5 I s s u a n c e c o s t s 1 8 3 , 6 2 6 1 3 0 , 1 2 6 8 0 , 9 4 7 1 0 7 , 0 5 7 7 7 , 2 4 4 1 1 5 , 5 0 0 1 1 8 , 3 3 5 3 5 2 , 1 1 4 1 1 8 , 2 6 1 0 F i s c a l c h a r g e s 8 , 8 4 4 9 , 3 5 6 7 , 8 3 9 8 , 0 1 6 8 , 9 2 6 8 , 7 5 2 1 2 , 5 0 0 1 5 , 3 3 2 1 3 , 8 7 1 1 5 2 , 7 2 9 In t e r g o v e r n m e n t a l 0 1 1 7 , 0 0 0 7 0 , 0 0 0 4 0 5 , 6 6 0 0 0 2 2 3 , 6 0 8 2 2 1 , 9 0 2 9 7 , 6 2 1 7 4 3 , 1 1 7 To t a l e x p e n d i t u r e s 3 4 , 1 7 4 , 3 9 5 3 8 , 9 3 1 , 1 7 1 3 8 , 7 3 1 , 4 3 2 4 8 , 3 0 2 , 5 8 2 5 0 , 3 0 4 , 0 7 6 5 9 , 4 1 5 , 0 0 9 5 8 , 9 6 6 , 4 0 1 6 7 , 4 4 7 , 5 4 1 6 9 , 5 3 7 , 8 7 1 7 1 , 1 2 0 , 1 6 3 Ex c e s s o f r e v e n u e s ( u n d e r ) e x p e n d i t u r e s (6 , 4 1 4 , 7 1 0 ) ( 8 , 8 9 1 , 5 2 4 ) ( 6 , 4 5 4 , 0 4 9 ) ( 1 2 , 9 3 0 , 3 7 4 ) ( 9 , 0 2 3 , 2 7 6 ) ( 1 7 , 3 3 2 , 5 4 3 ) ( 1 5 , 8 1 6 , 4 3 5 ) ( 1 9 , 6 6 9 , 4 7 2 ) ( 2 0 , 8 5 3 , 3 0 6 ) ( 1 7 , 0 7 8 , 0 1 2 ) Ot h e r F i n a n c i n g S o u r c e s ( U s e s ) Pr o c e e d s f r o m l o n g - t e r m d e b t 5 , 3 0 0 , 0 0 0 1 1 , 7 0 0 , 0 0 0 7 , 0 8 0 , 0 0 0 1 4 , 1 1 3 , 0 0 0 7 , 2 9 2 , 8 7 0 2 0 , 0 5 6 , 2 0 0 6 , 5 7 0 , 0 0 0 1 6 , 3 7 5 , 0 0 0 1 3 , 3 4 7 , 5 8 1 1 5 , 7 0 0 , 0 0 0 Pr o c e e d s f r o m r e f u n d i n g b o n d s 6 , 5 4 5 , 0 0 0 0 0 0 0 0 0 5 , 9 8 0 , 0 0 0 0 0 Pa y m e n t t o b o n d e s c r o w a g e n t ( 6 , 8 1 6 , 7 3 2 ) 0 0 0 0 0 0 ( 6 , 2 6 0 , 3 7 1 ) 0 0 Pr e m i u m o n b o n d s i s s u e d 3 1 0 , 3 5 8 0 0 0 0 0 0 2 8 0 , 3 7 1 0 0 Sa l e o f c a p i t a l a s s e t s 5 0 , 9 8 1 1 6 5 , 4 0 5 3 0 7 , 2 6 7 5 5 , 4 0 3 5 8 0 , 9 0 9 3 0 , 1 0 6 1 9 , 5 6 3 4 , 3 8 6 1 2 , 1 8 2 1 7 , 5 0 0 Tr a n s f e r s i n 7 , 3 4 1 , 4 5 4 1 3 , 3 1 0 , 4 8 0 6 , 7 2 4 , 4 0 9 1 1 , 7 2 4 , 3 1 0 1 4 , 9 4 5 , 9 6 6 8 , 7 6 4 , 2 5 0 7 , 9 1 0 , 6 9 0 1 0 , 9 4 5 , 2 1 0 1 1 , 4 7 6 , 0 1 9 1 1 , 8 6 4 , 4 3 5 Tr a n s f e r s o u t ( 9 5 7 , 3 5 4 ) ( 8 , 0 1 4 , 0 3 0 ) ( 1 , 3 2 4 , 2 3 4 ) ( 1 , 8 8 7 , 2 9 8 ) ( 1 , 5 5 0 , 6 9 3 ) ( 2 , 0 0 7 , 0 6 6 ) ( 1 , 9 9 3 , 5 9 4 ) ( 1 1 , 5 6 6 , 7 0 2 ) ( 3 , 8 7 9 , 2 0 1 ) ( 2 , 3 7 1 , 6 6 2 ) To t a l o t h e r f i n a n c i n g s o u r c e s 1 1 , 7 7 3 , 7 0 7 1 7 , 1 6 1 , 8 5 5 1 2 , 7 8 7 , 4 4 2 2 4 , 0 0 5 , 4 1 5 2 1 , 2 6 9 , 0 5 2 2 6 , 8 4 3 , 4 9 0 1 2 , 5 0 6 , 6 5 9 1 5 , 7 5 7 , 8 9 4 2 0 , 9 5 6 , 5 8 1 2 5 , 2 1 0 , 2 7 3 Ne t c h a n g e i n f u n d b a l a n c e s 5 , 3 5 8 , 9 9 7 $ 8 , 2 7 0 , 3 3 1 $ 6 , 3 3 3 , 3 9 3 $ 1 1 , 0 7 5 , 0 4 1 $ 1 2 , 2 4 5 , 7 7 6 $ 9 , 5 1 0 , 9 4 7 $ ( 3 , 3 0 9 , 7 7 6 ) $ ( 3 , 9 1 1 , 5 7 8 ) $ 1 0 3 , 2 7 5 $ 8 , 1 3 2 , 2 6 1 $ De b t s e r v i c e s a s a p e r c e n t a g e o f n o n c a p i t a l ex p e n d i t u r e s 15 . 5 % 1 5 . 8 % 1 5 . 3 % 1 5 . 6 % 1 9 . 2 % 2 0 . 8 % 2 0 . 1 % 2 5 . 3 % 1 8 . 9 % 1 9 . 4 % So u r c e : C i t y o f C o l l e g e S t a t i o n No t e s : D i r e c t c a p i t a l e x p e n d i t u r e s h a v e b e e n r e m o v e d f r o m d e p a r t m e n t a l e x p e n d i t u r e l i n e s a n d i n c l u d e d i n t h e c a p i t a l o u t l a y li n e i t e m . Fi s c a l y e a r s 1 9 9 7 t h r o u g h 2 0 0 1 C o m m u n i t y D e v e l o p m e n t e x p e n d i t u r e s a r e n o t s p l i t b e t w e e n C D B G a n d H O M E . I n t h e s e y e a r s , t h e y a r e s t a t e d a s o n e l i n e i t e m . Fi s c a l y e a r 1 9 9 8 i n v e s t m e n t i n c o m e w a s r e s t a t e d t o r e f l e c t a n a d d i t i o n a l $ 1 2 8 , 8 8 5 a s a r e s u l t o f G A S B 3 1 i m p l e m e n t a t i o n w h i c h r eq u i r e s i n v e s t m e n t s t o b e r e p o r t e d a t f a i r m a r k e t v a l u e . Fi s c a l y e a r s 1 9 9 7 t h r o u g h 2 0 0 2 h a v e b e e n r e s t a t e d t o i n c l u d e t r u s t f u n d s . Fi s c a l Y e a r CI T Y O F C O L L E G E S T A T I O N , T E X A S CH A N G E S I N F U N D B A L A N C E S , G O V E R N M E N T A L F U N D S - Co n t i n u e d LA S T T E N F I S C A L Y E A R S (m o d i f i e d a c c r u a l b a s i s o f a c c o u n t i n g ) 123 Fi s c a l Y e a r P r o p e r t y S a l e s H o t e l F r a n c h i s e M i x e d D r i n k T o t a l 19 9 7 7 , 5 8 3 , 5 9 4 $ 9 , 7 7 5 , 8 8 8 $ 1 , 4 0 1 , 1 2 1 $ 1 , 0 8 8 , 3 4 9 $ 1 5 3 , 2 6 9 $ 2 0 , 0 0 2 , 2 2 1 $ 19 9 8 7 , 9 2 9 , 5 4 2 1 0 , 9 1 2 , 4 6 6 1 , 5 5 5 , 0 5 4 1 , 4 1 5 , 4 6 4 1 9 4 , 9 8 0 2 2 , 0 0 7 , 5 0 6 19 9 9 8 , 5 2 8 , 7 6 4 1 1 , 4 8 9 , 7 0 2 1 , 7 5 0 , 1 9 4 1 , 5 2 3 , 7 3 6 1 7 2 , 8 4 4 2 3 , 4 6 5 , 2 4 0 20 0 0 9 , 2 9 4 , 9 6 4 1 2 , 5 7 3 , 5 6 4 1 , 7 9 6 , 8 1 3 1 , 5 7 7 , 8 1 5 1 8 6 , 0 2 7 2 5 , 4 2 9 , 1 8 3 20 0 1 1 0 , 7 3 5 , 5 7 6 1 2 , 7 7 3 , 7 2 2 1 , 8 4 3 , 4 1 9 1 , 6 4 4 , 6 2 7 2 5 7 , 3 5 7 2 7 , 2 5 4 , 7 0 1 20 0 2 1 2 , 2 2 4 , 4 1 6 1 3 , 4 0 0 , 0 5 4 1 , 9 2 6 , 0 0 9 1 , 7 1 4 , 2 4 1 2 3 4 , 9 2 4 2 9 , 4 9 9 , 6 4 4 20 0 3 1 3 , 4 4 1 , 0 0 0 1 3 , 7 8 0 , 6 3 9 2 , 1 2 0 , 0 1 5 1 , 6 8 8 , 9 4 7 2 4 6 , 8 5 0 3 1 , 2 7 7 , 4 5 1 20 0 4 1 4 , 6 6 8 , 6 4 1 1 4 , 9 5 7 , 6 9 7 2 , 1 9 1 , 4 2 9 1 , 9 7 4 , 5 8 7 2 8 1 , 2 9 8 3 4 , 0 7 3 , 6 5 2 20 0 5 1 5 , 8 8 8 , 4 7 5 1 5 , 4 4 5 , 4 0 4 2 , 3 0 6 , 9 2 8 1 , 7 1 8 , 4 9 1 2 5 9 , 6 8 6 3 5 , 6 1 8 , 9 8 4 20 0 6 1 6 , 6 4 6 , 5 1 9 1 6 , 7 5 2 , 1 7 4 2 , 6 7 1 , 4 1 7 2 , 1 3 2 , 3 4 1 3 3 0 , 7 6 2 3 8 , 5 3 3 , 2 1 3 Ch a n g e 19 9 7 - 2 0 0 6 1 1 9 . 5 % 7 1 . 4 % 9 0 . 7 % 9 5 . 9 % 1 1 5 . 8 % 9 2 . 6 % So u r c e : C i t y o f C o l l e g e S t a t i o n No t e : P r o p e r t y t a x e s i n c l u d e g e n e r a l f u n d , d e b t s e r v i c e f u n d , M e l r o s e A p a r t m e n t T I F , a n d W o l f P e n Cr e e k T I F . CI T Y O F C O L L E G E S T A T I O N , T E X A S TA X R E V E N U E B Y S O U R C E , G O V E R N M E N T A L F U N D S LA S T T E N F I S C A L Y E A R S (m o d i f i e d a c c r u a l b a s i s o f a c c o u n t i n g ) 124 Ta x a b l e A s s e s s e d Co m m e r c i a l P e r s o n a l , I n v e n t o r y Va l u e a s a Re s i d e n t i a l a n d I n d u s t r i a l a n d O t h e r L e s s E x e m p t i o n s L e s s T I F ( 1 ) T o t a l T a x a b l e T o t a l D i r e c t E s t i m a t e d A c t u a l P e r c e n t a g e o f Fi s c a l Y e a r P r o p e r t y P r o p e r t y P r o p e r t y a n d A b a t e m e n t s C a p t u r e d V a l u e A s s e s s e d V a l u e T a x R a t e T a x a b l e V a l u e A c t u a l T a x a b l e V a l u e 19 9 7 1 , 1 1 1 , 3 5 2 , 4 3 8 $ 4 3 3 , 0 6 4 , 8 1 0 3 9 0 , 9 0 5 , 4 1 2 $ 2 3 4 , 1 2 1 , 2 3 4 $ 5 , 5 2 6 , 3 4 3 $ 1 , 6 9 5 , 6 7 5 , 0 8 3 $ 0 . 4 4 2 7 $ 1 , 6 9 5 , 6 7 5 , 0 8 3 $ 1 0 0 . 0 0 % 19 9 8 1 , 2 0 4 , 2 6 0 , 4 3 1 4 4 7 , 3 0 4 , 8 1 3 4 1 3 , 5 6 8 , 0 2 3 2 4 5 , 0 8 5 , 2 0 9 1 2 , 8 8 9 , 7 3 8 1 , 8 0 7 , 1 5 8 , 3 2 0 0 . 4 2 9 3 1 , 8 0 7 , 1 5 8 , 3 2 0 1 0 0 . 0 0 % 19 9 9 1 , 3 2 6 , 1 5 0 , 4 7 1 4 2 7 , 3 4 2 , 1 4 3 4 5 4 , 5 2 6 , 4 1 9 2 7 6 , 4 5 3 , 2 0 9 1 8 , 5 0 4 , 4 5 3 1 , 9 1 3 , 0 6 1 , 3 7 1 0 . 4 2 9 3 1 , 9 1 3 , 0 6 1 , 3 7 1 1 0 0 . 0 0 % 20 0 0 1 , 3 9 4 , 3 6 7 , 0 4 0 5 3 2 , 7 4 3 , 2 8 6 4 9 3 , 7 0 8 , 5 9 8 3 0 8 , 4 7 1 , 2 4 7 3 7 , 3 1 8 , 3 5 3 2 , 0 7 5 , 0 2 9 , 3 2 4 0 . 4 2 9 3 2 , 0 7 5 , 0 2 9 , 3 2 4 1 0 0 . 0 0 % 20 0 1 1 , 5 7 4 , 4 5 1 , 6 6 0 5 6 5 , 3 6 8 , 0 4 6 5 2 1 , 2 9 5 , 5 4 4 3 4 5 , 7 5 2 , 8 8 8 4 1 , 6 9 8 , 1 8 8 2 , 2 7 3 , 6 6 4 , 1 7 4 0 . 4 2 9 3 2 , 2 7 3 , 6 6 4 , 1 7 4 1 0 0 . 0 0 % 20 0 2 1 , 7 2 1 , 9 0 6 , 0 7 8 5 9 6 , 5 6 7 , 9 6 8 5 5 2 , 0 3 6 , 9 3 8 3 8 0 , 9 5 0 , 9 0 1 3 9 , 3 7 9 , 8 6 0 2 , 4 5 0 , 1 8 0 , 2 2 3 0 . 4 7 7 7 2 , 4 5 0 , 1 8 0 , 2 2 3 1 0 0 . 0 0 % 20 0 3 1 , 9 1 0 , 2 8 4 , 6 8 8 6 3 4 , 0 3 0 , 9 2 1 6 0 7 , 6 4 5 , 5 5 7 4 2 8 , 3 9 5 , 7 1 3 4 8 , 7 5 7 , 9 3 8 2 , 6 7 4 , 8 0 7 , 5 1 5 0 . 4 7 7 7 2 , 6 7 4 , 8 0 7 , 5 1 5 1 0 0 . 0 0 % 20 0 4 2 , 1 4 4 , 4 0 6 , 4 7 7 7 2 3 , 8 8 7 , 3 2 7 6 5 3 , 9 7 8 , 3 2 4 4 9 3 , 3 6 4 , 7 3 4 3 9 , 9 7 1 , 3 6 3 2 , 9 8 8 , 9 3 6 , 0 3 1 0 . 4 6 5 3 2 , 9 8 8 , 9 3 6 , 0 3 1 1 0 0 . 0 0 % 20 0 5 2 , 3 3 9 , 2 8 4 , 1 2 9 7 7 0 , 1 9 4 , 2 5 4 7 3 8 , 3 7 6 , 0 4 5 5 5 6 , 7 2 2 , 9 8 6 4 0 , 8 0 2 , 0 3 5 3 , 2 5 0 , 3 2 9 , 4 0 7 0 . 4 6 4 0 3 , 2 5 0 , 3 2 9 , 4 0 7 1 0 0 . 0 0 % 20 0 6 2 , 5 3 0 , 6 5 9 , 1 6 5 9 3 1 , 2 5 5 , 8 4 3 7 9 8 , 1 7 9 , 1 1 8 6 1 4 , 6 0 9 , 5 4 5 4 5 , 7 5 0 , 1 7 2 3 , 5 9 9 , 7 3 4 , 4 0 9 0 . 4 3 9 4 3 , 5 9 9 , 7 3 4 , 4 0 9 1 0 0 . 0 0 % So u r c e : B r a z o s C o u n t y A p p r a i s a l D i s t r i c t No t e s : A s s e s s e d v a l u e i s 1 0 0 % o f t h e e s t i m a t e d a c t u a l v a l u e . (1 ) T a x i n c r e m e n t f i n a n c i n g d i s t r i c t ( T I F ) . CI T Y O F C O L L E G E S T A T I O N , T E X A S AS S E S S E D V A L U E A N D E S T I M A T E D A C T U A L V A L U E O F T A X A B L E P R O P E R T Y LA S T T E N F I S C A L Y E A R S 125 Ge n e r a l T o t a l C o l l e g e Fi s c a l B a s i c O b l i g a t i o n D i r e c t S t a t i o n B r a z o s Ye a r R a t e D e b t S e r v i c e R a t e I S D C o u n t y 19 9 7 0 . 1 6 0 2 0 . 2 8 2 5 0 . 4 4 2 7 1 . 6 9 0 0 0 . 4 1 8 0 19 9 8 0 . 1 5 1 6 0 . 2 7 7 7 0 . 4 2 9 3 1 . 7 4 0 0 0 . 4 1 7 0 19 9 9 0 . 1 6 1 8 0 . 2 6 7 5 0 . 4 2 9 3 1 . 7 5 0 0 0 . 4 1 7 0 20 0 0 0 . 1 6 3 1 0 . 2 6 6 2 0 . 4 2 9 3 1 . 7 5 0 0 0 . 4 1 7 0 20 0 1 0 . 1 6 6 2 0 . 2 6 3 1 0 . 4 2 9 3 1 . 7 5 0 0 0 . 4 1 0 0 20 0 2 0 . 1 8 4 6 0 . 2 9 3 1 0 . 4 7 7 7 1 . 7 9 0 0 0 . 4 2 0 0 20 0 3 0 . 1 9 4 6 0 . 2 8 3 1 0 . 4 7 7 7 1 . 7 9 0 0 0 . 4 1 4 6 20 0 4 0 . 1 9 2 1 0 . 2 7 3 2 0 . 4 6 5 3 1 . 7 7 0 0 0 . 4 3 5 0 20 0 5 0 . 1 9 4 2 0 . 2 6 9 8 0 . 4 6 4 0 1 . 7 7 0 0 0 . 4 7 2 6 20 0 6 0 . 1 8 9 6 0 . 2 4 9 8 0 . 4 3 9 4 1 . 6 7 5 0 0 . 4 6 5 0 So u r c e : B r a z o s C o u n t y A p p r a i s a l D i s t r i c t No t e s : (1 ) T a x r a t e s a r e e s t a b l i s h e d b y e a c h t a x i n g j u r i s d i c t i o n o n a n a n n u a l b a s i s f o r r e v e n u e s t o b e c o l l e c t e d i n t h e f o l l o w i n g f i s c a l y e a r . T h e C i t y m u s t p u b l i s h i t s e f f e c t i v e a n d r o l l b a c k t a x r a t e s b e f o r e a d o p t i n g a n a c t u a l t a x r a t e . I f t h e C i t y a d o p t s a r a t e t h a t e x c e e d s t h e r o l l b a c k r a t e , v o t e r s m a y p e t i t i o n f o r a n e l e c t i o n t o l i m i t t h e r a t e t o t h e r o l l b a c k r a t e . I f t h e C i t y a d o p t s a r a t e t h a t e x c e e d s i t s e f f e c t i v e r a t e , a d d i t i o n a l p u b l i c h e a r i n g s a n d n o t i c e s a r e r e q u i r e d . R a t e s f o r d e b t s e r v i c e a r e s e t b a s e d o n e a c h y e a r ' s r e q u i r e m e n t s . (2 ) T h e d a t e t h a t t a x e s a r e d u e f o r a l l j u r i s d i c t i o n s i s O c t o b e r 1 . T a x e s f o r a l l j u r i s d i c t i o n s b e c o m e d e l i n q u e n t o n F e b r u a r y 1 . T h e p e n a l t y i s s e t b y s t a t e l a w a t 6 % i n F e b r u a r y , a n d a n a d d i t i o n a l 1 % p e r m o n t h u p t o 1 2 % . T h e i n t e r e s t i s a c c r u e d a t 1 % p e r m o n t h . (3 ) T h e u p p e r l i m i t o f t h e t a x r a t e i s s e t a t $ 2 . 5 0 / $ 1 0 0 o f a s s e s s e d v a l u e f o r e a c h j u r i s d i c t i o n b y S t a t e S t a t u t e . T h i s l i m i t i s f o r b o t h o p e r a t i o n s a n d d e b t s e r v i c e c o m b i n e d . Ci t y D i r e c t R a t e s O v e r l a p p i n g R a t e s CI T Y O F C O L L E G E S T A T I O N , T E X A S DI R E C T A N D O V E R L A P P I N G P R O P E R T Y T A X R A T E S LA S T T E N F I S C A L Y E A R S (r a t e p e r $ 1 0 0 o f a s s e s s e d v a l u e ) 126 Pe r c e n t o f P e r c e n t o f of T o t a l C i t y o f T o t a l C i t y Ta x a b l e T a x a b l e T a x a b l e T a x a b l e As s e s s e d A s s e s s e d A s s e s s e d A s s e s s e d Ta x p a y e r V a l u e R a n k V a l u e V a l u e R a n k V a l u e CB L & A s s o c i a t e s 5 0 , 4 8 0 , 6 7 5 $ 1 1 . 4 0 % 4 8 , 2 4 9 , 1 3 0 $ 1 2 . 8 5 % Co l l e g e S t a t i o n H o s p i t a l , L P 4 8 , 7 2 4 , 1 9 0 2 1 . 3 5 % 1 5 , 0 4 1 , 7 5 5 6 0 . 8 9 % Al k o s s e r / W e i n b e r g 3 2 , 0 1 4 , 5 4 5 3 0 . 8 9 % 2 3 , 5 9 0 , 1 0 0 3 1 . 3 9 % Ve r i z o n C o m m u n i c a t i o n s , I n c 2 9 , 6 6 3 , 4 4 0 4 0 . 8 2 % 2 8 , 8 3 5 , 8 5 0 2 1 . 7 0 % Wa l - M a r t ' s / S a m ' s 2 7 , 5 8 3 , 8 2 0 5 0 . 7 7 % 2 3 , 4 6 6 , 2 4 3 4 1 . 3 8 % Co m m o n W e a l t h A u s t i n 2 1 , 5 0 0 , 7 4 0 6 0 . 6 0 % - - Un i v e r s i t y H e i g h t s - C o l l e g e S t a t i o n 2 0 , 7 7 3 , 9 8 0 7 0 . 5 8 % - - HE B u t t S t o r e P r o p e r t y C o 2 0 , 1 7 8 , 7 8 0 8 0 . 5 6 % - - JE R C o l l e g e S t a t i o n H o t e l 1 8 , 3 5 0 , 6 0 0 9 0 . 5 1 % 1 1 , 5 0 0 , 0 0 0 8 0 . 6 8 % Un i v e r s i t y C o m m o n s 1 8 , 2 6 0 , 7 2 0 1 0 0 . 5 1 % 1 0 , 4 0 4 , 0 7 0 1 0 0 . 6 1 % Sc o t t & W h i t e H o s p i t a l / C l i n i c - 1 8 , 4 1 7 , 5 7 0 5 1 . 0 9 % Je f f e r s o n E n c l a v e , L P - 1 1 , 8 8 1 , 0 0 0 7 0 . 7 0 % Te - T w o R e a l E s t a t e L t d - 1 0 , 8 8 7 , 5 0 0 9 0 . 6 4 % 28 7 , 5 3 1 , 4 9 0 $ 7 . 9 9 % 2 0 2 , 2 7 3 , 2 1 8 $ 1 1 . 9 3 % So u r c e : B r a z o s C o u n t y A p p r a i s a l D i s t r i c t 2 0 0 5 a n d 1 9 9 6 t a x y e a r a s s e s s e d v a l u e s No t e s : V e r i z o n C o m m u n i c a t i o n s w a s c a l l e d G T E S o u t h w e s t i n f i s c a l y e a r 1 9 9 7 . C o l l e g e S t a t i o n H o s p i t a l , L P w a s c a l l e d B V M C ( C o l u m b i a H o s p i t a l ) i n f i s c a l y e a r 1 9 9 7 . J E R C o l l e g e S t a t i o n H o t e l w a s c a l l e d L a n e C o l l e g e S t a t i o n , L t d i n f i s c a l y e a r 1 9 9 7 . 19 9 7 CI T Y O F C O L L E G E S T A T I O N , T E X A S PR I N C I P A L P R O P E R T Y T A X P A Y E R S CU R R E N T Y E A R A N D N I N E Y E A R S A G O 20 0 6 127 Fi s c a l Ye a r T a x e s L e v i e d C o l l e c t i o n s En d e d f o r t h e P e r c e n t a g e i n S u b s e q u e n t P e r c e n t a g e Se p t 3 0 F i s c a l Y e a r A m o u n t o f L e v y Y e a r s A m o u n t o f L e v y 19 9 7 7 , 5 0 6 , 7 5 4 $ 7 , 4 5 8 , 3 9 5 $ 9 9 . 3 6 % 4 5 , 0 3 5 $ 7 , 5 0 3 , 4 3 0 $ 9 9 . 9 6 % 19 9 8 7 , 7 5 8 , 1 3 1 7 , 7 4 3 , 9 5 6 9 9 . 8 2 % 9 , 1 8 1 7 , 7 5 3 , 1 3 7 9 9 . 9 4 % 19 9 9 8 , 2 9 2 , 2 1 2 8 , 2 3 5 , 3 5 6 9 9 . 3 1 % 5 1 , 2 2 9 8 , 2 8 6 , 5 8 5 9 9 . 9 3 % 20 0 0 9 , 0 6 8 , 3 5 2 9 , 0 0 0 , 0 9 0 9 9 . 2 5 % 5 8 , 1 1 6 9 , 0 5 8 , 2 0 6 9 9 . 8 9 % 20 0 1 9 , 9 3 9 , 8 5 2 9 , 8 3 5 , 9 6 0 9 8 . 9 5 % 9 2 , 2 0 3 9 , 9 2 8 , 1 6 3 9 9 . 8 8 % 20 0 2 1 1 , 8 9 2 , 6 2 9 1 1 , 7 3 5 , 1 7 4 9 8 . 6 8 % 1 4 1 , 8 6 0 1 1 , 8 7 7 , 0 3 4 9 9 . 8 7 % 20 0 3 1 3 , 0 1 0 , 5 0 8 1 2 , 7 4 0 , 8 6 9 9 7 . 9 3 % 2 4 1 , 0 4 6 1 2 , 9 8 1 , 9 1 5 9 9 . 7 8 % 20 0 4 1 4 , 0 9 2 , 8 1 4 1 3 , 9 7 4 , 6 6 6 9 9 . 1 6 % 6 5 , 9 0 2 1 4 , 0 4 0 , 5 6 8 9 9 . 6 3 % 20 0 5 1 5 , 2 7 0 , 8 5 2 1 5 , 1 6 0 , 1 0 2 9 9 . 2 7 % 3 8 , 6 3 3 1 5 , 1 9 8 , 7 3 5 9 9 . 5 3 % 20 0 6 1 6 , 0 1 8 , 2 5 9 1 5 , 9 3 8 , 9 8 1 9 9 . 5 1 % - 1 5 , 9 3 8 , 9 8 1 9 9 . 5 1 % So u r c e s : C i t y O f C o l l e g e S t a t i o n a n d B r a z o s C o u n t y T a x O f f i c e Fi s c a l Y e a r o f t h e L e v y CI T Y O F C O L L E G E S T A T I O N , T E X A S LA S T T E N F I S C A L Y E A R S PR O P E R T Y T A X L E V I E S A N D C O L L E C T I O N S Co l l e c t e d w i t h i n t h e To t a l C o l l e c t i o n s t o D a t e 128 19 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 Ag r i c u l t u r e , f o r e s t r y , a n d f i s h i n g 2 , 6 5 3 $ 3 , 0 8 1 $ 3 , 5 1 1 $ 3 , 0 3 4 $ 3 , 0 7 1 $ 3 , 5 8 8 $ 3 , 9 5 8 $ 4 , 3 0 2 $ 4 , 3 6 9 $ 4 , 5 3 1 $ Co n s t r u c t i o n 4 , 4 4 5 4 , 7 9 7 5 , 8 2 1 5 , 3 3 8 4 , 4 6 5 5 , 8 0 5 7 , 0 0 3 5 , 6 9 8 6 , 1 7 5 5 , 7 1 1 Ma n u f a c t u r i n g 4 , 5 8 2 2 , 8 1 0 4 , 2 7 1 6 , 3 0 6 6 , 6 0 2 6 , 6 5 6 6 , 4 0 9 5 , 1 0 1 5 , 7 0 8 6 , 7 0 3 Ut i l i t i e s , t r a n s p o r t a t i o n 1 2 , 2 9 1 1 3 , 8 2 4 1 3 , 7 7 0 1 1 , 1 9 1 1 2 , 3 1 9 1 3 , 6 4 5 1 5 , 1 6 9 1 4 , 9 2 9 1 4 , 9 4 3 1 6 , 6 8 4 Co m m u n i c a t i o n s 8 , 8 8 4 1 1 , 5 3 0 3 , 3 3 8 2 , 4 6 4 2 , 6 1 3 2 , 3 3 0 1 , 8 1 0 6 , 4 7 1 5 , 3 4 1 1 4 , 7 1 3 Wh o l e s a l e t r a d e - d u r a b l e g o o d s 5 , 7 4 0 5 , 7 6 7 4 , 7 2 8 4 , 4 6 0 5 , 4 1 9 7 , 0 6 9 7 , 5 3 8 9 , 7 2 6 8 , 3 0 9 2 , 9 3 7 Wh o l e s a l e t r a d e - n o n d u r a b l e g o o d s 2 1 , 7 3 0 2 3 , 6 8 3 2 5 , 5 3 9 2 6 , 5 6 6 2 6 , 1 5 4 2 8 , 4 4 3 3 6 , 1 2 0 3 6 , 4 5 0 3 7 , 5 0 0 3 7 , 3 5 0 Bu i l d i n g m a t e r i a l , h a r d w a r e 4 6 , 1 3 3 3 5 , 3 9 8 3 0 , 0 6 7 3 8 , 5 5 9 3 3 , 0 0 1 2 5 , 3 8 1 2 0 , 7 9 8 3 2 , 3 7 0 4 5 , 0 1 2 4 5 , 5 9 6 Ge n e r a l m e r c h a n d i s e 1 2 0 , 1 4 6 1 4 1 , 6 3 0 1 5 1 , 6 0 0 1 3 8 , 1 9 4 1 4 0 , 6 9 8 1 3 9 , 1 9 0 1 5 0 , 2 7 3 1 4 8 , 8 5 2 1 5 1 , 4 0 8 1 5 6 , 7 6 4 Fo o d s t o r e s 3 9 , 3 4 3 3 9 , 8 0 8 3 7 , 3 1 2 3 8 , 0 3 8 3 9 , 5 0 9 4 1 , 5 7 2 4 7 , 6 0 2 4 9 , 4 7 3 4 9 , 8 7 6 4 9 , 1 7 5 Au t o m o t i v e d e a l e r s , g a s o l i n e s e r v i c e s t a t i o n s 1 1 , 5 7 8 1 3 , 8 5 4 1 5 , 2 8 3 1 5 , 7 5 1 1 6 , 8 2 6 1 6 , 6 1 0 1 5 , 2 4 6 1 6 , 0 0 0 1 6 , 4 5 2 1 8 , 4 9 8 Ap p a r e l a n d a c c e s s o r y s t o r e s 4 1 , 1 5 5 4 4 , 4 8 2 4 9 , 6 6 4 5 1 , 9 7 7 5 9 , 2 4 1 6 5 , 7 6 4 6 9 , 3 5 8 7 1 , 2 1 0 7 5 , 3 0 4 7 3 , 8 8 3 Ho m e f u r n i t u r e , f u r n i s h i n g s 4 2 , 6 5 3 4 2 , 0 0 8 4 9 , 2 5 3 5 9 , 6 9 5 6 8 , 9 5 4 6 8 , 6 5 2 6 2 , 7 6 5 6 5 , 3 6 5 6 9 , 8 4 0 7 4 , 6 3 0 Ea t i n g a n d d r i n k i n g p l a c e s 7 9 , 9 8 7 8 4 , 4 4 8 9 2 , 7 2 8 1 0 5 , 4 9 3 1 1 3 , 0 1 0 1 1 6 , 0 5 1 1 2 2 , 7 1 6 1 3 0 , 2 6 7 1 3 7 , 7 1 7 1 4 5 , 3 0 9 Ot h e r r e t a i l 1 1 5 , 6 0 5 1 0 9 , 6 2 2 1 2 0 , 1 7 3 1 2 3 , 6 3 3 1 2 4 , 0 3 2 1 2 5 , 6 9 0 1 2 0 , 7 4 4 1 2 0 , 6 2 9 1 2 6 , 6 9 1 1 3 2 , 4 4 1 Fi n a n c e , i n s u r a n c e , r e a l e s t a t e 2 5 8 2 3 3 2 3 4 2 2 7 6 5 6 7 1 2 4 1 2 5 1 7 8 1 8 6 Se r v i c e s 4 0 , 6 3 1 4 3 , 6 0 1 4 8 , 7 7 1 5 3 , 3 9 0 6 2 , 5 2 3 6 2 , 0 1 2 6 2 , 3 3 4 6 6 , 4 3 6 9 2 , 0 5 0 9 3 , 6 9 3 Al l o t h e r o u t l e t s 1 5 7 1 8 2 2 0 8 4 7 6 2 6 2 3 9 0 3 0 8 2 5 0 1 , 8 3 8 2 8 , 6 5 1 To t a l 5 9 7 , 9 7 1 $ 6 2 0 , 7 5 8 $ 6 5 6 , 2 7 1 $ 6 8 4 , 7 9 2 $ 7 1 8 , 7 6 4 $ 7 2 8 , 9 1 5 $ 7 5 0 , 2 7 5 $ 7 8 3 , 6 5 4 $ 8 4 8 , 7 1 1 $ 9 0 7 , 4 5 5 $ Ci t y d i r e c t s a l e s t a x r a t e 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % 1 . 5 0 % So u r c e : T e x a s S t a t e C o m p t r o l l e r o f P u b l i c A c c o u n t s No t e s : T a x a b l e s a l e s i n f o r m a t i o n i s n o t a v a i l a b l e o n a f i s c a l - y e a r b a s i s . T h e c a t e g o r y l a b e l e d " A l l o t h e r o u t l e t s " i s h i g h e r th a n n o r m a l i n 2 0 0 4 a n d 2 0 0 5 d u e t o t h e S t a t e C o m p t r o l l e r ' s c o n v e r s i o n f r o m S I C c l a s s i f i c a t i o n c o d e s t o N A I C S cl a s s i f i c a t i o n c o d e s . T h e S t a t e r e p o r t s i n S I C c l a s s i f i c a t i o n s a n d n e w o u t l e t s a d d e d s i n c e t h e c o n v e r s i o n b e g a n a r e l a b e l e d w i th i n t h e S I C c l a s s i f i c a t i o n o f " o t h e r " . T h i s w i l l c o n t i n u e u n t i l t h e S t a t e ' s c o n v e r s i o n t o N A I C S c l a s s i f i c a t i o n s is c o m p l e t e . Ca l e n d a r Y e a r CI T Y O F C O L L E G E S T A T I O N , T E X A S TA X A B L E S A L E S B Y C A T E G O R Y LA S T T E N C A L E N D A R Y E A R S (i n t h o u s a n d s o f d o l l a r s ) 129 Ci t y B r a z o s S t a t e o f Fi s c a l Y e a r D i r e c t R a t e C o u n t y T e x a s 19 9 7 1 . 5 0 % 0 . 5 0 % 6 . 2 5 % 19 9 8 1 . 5 0 0 . 5 0 6 . 2 5 19 9 9 1 . 5 0 0 . 5 0 6 . 2 5 20 0 0 1 . 5 0 0 . 5 0 6 . 2 5 20 0 1 1 . 5 0 0 . 5 0 6 . 2 5 20 0 2 1 . 5 0 0 . 5 0 6 . 2 5 20 0 3 1 . 5 0 0 . 5 0 6 . 2 5 20 0 4 1 . 5 0 0 . 5 0 6 . 2 5 20 0 5 1 . 5 0 0 . 5 0 6 . 2 5 20 0 6 1 . 5 0 0 . 5 0 6 . 2 5 So u r c e : T e x a s S t a t e C o m p t r o l l e r o f P u b l i c A c c o u n t s CI T Y O F C O L L E G E S T A T I O N , T E X A S DI R E C T A N D O V E R L A P P I N G S A L E S T A X R A T E S LA S T T E N F I S C A L Y E A R S 130 Nu m b e r P e r c e n t a g e T a x P e r c e n t a g e N u m b e r P e r c e n t a g e T a x P e r c e n t a g e of O u t l e t s o f T o t a l L i a b i l i t y o f T o t a l o f O u t l e t s o f T o t a l L i a b i l i t y o f T o t a l Re t a i l t r a d e 1 , 0 4 5 5 5 . 1 5 % 7 , 4 4 9 . 0 $ 8 3 . 0 5 % 8 5 3 5 3 . 4 4 % 1 0 , 4 4 4 . 4 $ 7 6 . 7 3 % Se r v i c e s 5 5 2 2 9 . 1 3 % 6 0 9 . 5 6 . 7 9 % 3 4 0 2 1 . 3 0 % 1 , 4 0 5 . 4 1 0 . 3 2 % Wh o l e s a l e t r a d e 4 6 2 . 4 3 % 4 1 2 . 1 4 . 6 0 % 3 3 2 . 0 7 % 6 0 4 . 3 4 . 4 4 % Ut i l i t i e s , t r a n s p o r t a t i o n , c o m m u n i c a t i o n s 2 1 1 . 1 1 % 3 1 7 . 6 3 . 5 4 % 3 1 1 . 9 4 % 4 7 1 . 0 3 . 4 6 % Ma n u f a c t u r i n g 7 0 3 . 6 9 % 6 8 . 7 0 . 7 7 % 2 9 1 . 8 2 % 1 0 0 . 5 0 . 7 4 % Co n s t r u c t i o n 7 4 3 . 9 1 % 6 6 . 7 0 . 7 4 % 5 3 3 . 3 2 % 8 5 . 7 0 . 6 3 % Ag r i c u l t u r e , f o r e s t r y , a n d f i s h i n g 6 3 3 . 3 2 % 3 9 . 8 0 . 4 4 % 3 4 2 . 1 3 % 6 8 . 0 0 . 5 0 % Fi n a n c e , i n s u r a n c e , r e a l e s t a t e 1 5 0 . 7 9 % 3 . 9 0 . 0 4 % 1 7 1 . 0 7 % 2 . 8 0 . 0 2 % Al l o t h e r o u t l e t s 9 0 . 4 7 % 2 . 3 0 . 0 3 % 2 0 6 1 2 . 9 1 % 4 2 9 . 7 3 . 1 6 % To t a l 1 8 9 5 1 0 0 . 0 0 % 8 , 9 6 9 . 6 $ 1 0 0 . 0 0 % 1 5 9 6 1 0 0 . 0 0 % 1 3 , 6 1 1 . 8 $ 1 0 0 . 0 0 % So u r c e : T e x a s S t a t e C o m p t r o l l e r o f P u b l i c A c c o u n t s No t e s : D u e t o c o n f i d e n t i a l i t y i s s u e s , t h e n a m e s o f t h e t e n l a r g e s t r e v e n u e p a y e r s a r e n o t a v a i l a b l e . T h e c a t e g o r i e s p r e s e n t e d a r e i n t e n d e d t o p r o v i d e a l t e r n a t i v e i n f o r m a t i o n r e g a r d i n g t h e s o u r c e s o f t h e C i t y ' s r e v e n u e . Ca l e n d a r y e a r 2 0 0 5 i s t h e m o s t r e c e n t y e a r f o r w h i c h d a t a i s a v a i l a b l e . Ta x l i a b i l i t y i n f o r m a t i o n i s n o t a v a i l a b l e o n a f i s c a l - y e a r b a s i s . Th e c a t e g o r y l a b e l e d " A l l o t h e r o u t l e t s " i s h i g h e r t h a n n o r m a l i n 2 0 0 5 d u e t o t h e S t a t e C o m p t r o l l e r ' s c o n v e r s i o n f r o m S I C c l a s s if i c a t i o n c o d e s t o N A I C S c l a s s i f i c a t i o n c o d e s . T h e S t a t e r e p o r t s i n S I C c l a s s i f i c a t i o n s a n d ne w o u t l e t s a d d e d s i n c e t h e c o n v e r s i o n b e g a n a r e l a b e l e d w i t h i n t h e S I C c l a s s i f i c a t i o n o f " o t h e r " . T h i s w i l l c o n t i n u e u n t i l t h e S t a t e ' s c o n v e r s i o n t o N A I C S c l a s s i f i c a t i o n s i s c o m p l e t e . Ca l e n d a r Y e a r 1 9 9 6 C a l e n d a r Y e a r 2 0 0 5 CI T Y O F C O L L E G E S T A T I O N , T E X A S SA L E S T A X R E V E N U E P A Y E R S B Y I N D U S T R Y CA L E N D A R Y E A R S 1 9 9 6 A N D 2 0 0 5 (d o l l a r s a r e i n t h o u s a n d s ) 131 Pu b l i c P r o p e r t y Ge n e r a l F i n a n c e U t i l i t y U t i l i t y R e v e n u e U t i l i t y R e v e n u e T o t a l P e r c e n t a g e Fi s c a l O b l i g a t i o n C e r t i f i c a t e s o f C o n t r a c t u a l R e v e n u e C a p i t a l C e r t i f i c a t e s G e n e r a l P r i m a r y o f P e r s o n a l P e r Ye a r B o n d s O b l i g a t i o n O b l i g a t i o n s B o n d s L e a s e s o f O b l i g a t i o n O b l i g a t i o n B o n d s G o v e r n m e n t I n c o m e C a p i t a 19 9 7 2 5 , 3 8 8 , 9 1 5 $ 8 0 , 0 0 0 $ 1 , 2 1 5 , 0 0 0 $ 4 0 , 8 2 5 , 0 0 0 $ 7 0 1 , 4 7 9 $ 5 2 , 4 0 0 $ 1 8 1 , 0 8 5 $ 6 8 , 4 4 3 , 8 7 9 $ - 1 , 1 1 0 $ 19 9 8 2 8 , 9 6 0 , 0 0 0 5 , 5 0 0 , 0 0 0 8 1 0 , 0 0 0 3 9 , 5 3 0 , 0 0 0 0 2 6 , 2 0 0 0 7 4 , 8 2 6 , 2 0 0 - 1 , 1 7 2 19 9 9 3 2 , 7 5 0 , 0 0 0 6 , 3 5 0 , 0 0 0 4 0 5 , 0 0 0 3 5 , 9 6 5 , 0 0 0 0 0 0 7 5 , 4 7 0 , 0 0 0 - 1 , 1 4 7 20 0 0 3 8 , 7 0 0 , 0 0 0 1 7 , 9 5 5 , 0 0 0 0 4 2 , 8 7 0 , 0 0 0 0 0 0 9 9 , 5 2 5 , 0 0 0 - 1 , 4 6 6 20 0 1 3 9 , 3 7 5 , 0 0 0 2 0 , 5 9 5 , 0 0 0 0 6 3 , 1 8 5 , 0 0 0 0 0 0 1 2 3 , 1 5 5 , 0 0 0 1 1 . 9 6 % 1 , 7 1 0 20 0 2 4 1 , 6 6 5 , 0 0 0 3 3 , 2 8 0 , 0 0 0 0 7 8 , 2 3 5 , 0 0 0 0 0 0 1 5 3 , 1 8 0 , 0 0 0 - 2 , 0 2 2 20 0 3 4 3 , 1 7 0 , 0 0 0 3 2 , 5 2 5 , 0 0 0 0 7 9 , 6 8 0 , 0 0 0 0 0 0 1 5 5 , 3 7 5 , 0 0 0 - 1 , 9 8 4 20 0 4 4 7 , 0 8 5 , 0 0 0 3 4 , 7 0 5 , 0 0 0 0 7 5 , 6 5 5 , 0 0 0 0 0 0 1 5 7 , 4 4 5 , 0 0 0 - 1 , 9 6 3 20 0 5 4 9 , 8 0 0 , 0 0 0 3 9 , 1 0 5 , 0 0 0 0 7 9 , 2 1 5 , 0 0 0 0 0 0 1 6 8 , 1 2 0 , 0 0 0 - 2 , 0 5 2 20 0 6 5 3 , 8 3 5 , 0 0 0 4 3 , 4 8 5 , 0 0 0 0 9 1 , 4 6 0 , 0 0 0 0 0 0 1 8 8 , 7 8 0 , 0 0 0 1 5 . 3 9 % 2 , 2 4 9 So u r c e s : C i t y o f C o l l e g e S t a t i o n ( o u t s t a n d i n g d e b t , p e r c a p i t a ) a n d t h e U . S . C e n s u s B u r e a u , A m e r i c a n C o m m u n i t y S u r v e y ( p e r s o n a l i n c o m e ) No t e s : D e t a i l s r e g a r d i n g t h e c i t y ' s o u t s t a n d i n g d e b t c a n b e f o u n d i n t h e n o t e s t o t h e f i n a n c i a l s t a t e m e n t s . Pe r s o n a l i n c o m e i n f o r m a t i o n f o r t h e C i t y o f C o l l e g e S t a t i o n i s o n l y a v a i l a b l e f o r c a l e n d a r y e a r s 2 0 0 0 a n d 2 0 0 5 . A p o r t i o n o f t h e G o v e r n m e n t a l C e r t i f i c a t e s o f O b l i g a t i o n a r e r e l a t e d t o e l e c t r i c a n d w a s t e w a t e r u t i l i t y p r o j e c t s a s f o l l o w s : F Y0 4 - $ 8 , 9 1 0 , 0 0 0 ; F Y 0 5 - $ 8 , 9 1 0 , 0 0 0 ; F Y 0 6 - $ 8 , 5 8 0 , 0 0 0 Go v e r n m e n t a l A c t i v i t i e s B u s i n e s s - T y p e A c t i v i t i e s CI T Y O F C O L L E G E S T A T I O N , T E X A S RA T I O S O F O U T S T A N D I N G D E B T B Y T Y P E LA S T T E N F I S C A L Y E A R S 132 Ge n e r a l P e r c e n t a g e o f Ob l i g a t i o n L e s s D e b t S e r v i c e N e t A c t u a l T a x a b l e Fi s c a l Y e a r B o n d s C a s h F u n d s B o n d e d D e b t V a l u e o f P r o p e r t y P e r C a p i t a 19 9 7 2 5 , 3 8 8 , 9 1 5 $ 1 , 9 4 7 , 4 0 3 $ 2 3 , 4 4 1 , 5 1 2 $ 1 . 3 8 % 3 8 0 19 9 8 2 8 , 9 6 0 , 0 0 0 2 , 8 2 6 , 1 4 8 2 6 , 1 3 3 , 8 5 2 1 . 4 5 % 4 0 9 19 9 9 3 2 , 7 5 0 , 0 0 0 3 , 4 7 2 , 2 8 0 2 9 , 2 7 7 , 7 2 0 1 . 5 3 % 4 4 5 20 0 0 3 8 , 7 0 0 , 0 0 0 4 , 2 0 2 , 0 4 2 3 4 , 4 9 7 , 9 5 8 1 . 6 6 % 5 0 8 20 0 1 3 9 , 3 7 5 , 0 0 0 1 , 7 2 2 , 2 5 4 3 7 , 6 5 2 , 7 4 6 1 . 6 6 % 5 2 3 20 0 2 4 1 , 6 6 5 , 0 0 0 1 , 2 8 7 , 0 3 8 4 0 , 3 7 7 , 9 6 2 1 . 6 5 % 5 3 3 20 0 3 4 3 , 1 7 0 , 0 0 0 6 5 9 , 1 8 0 4 2 , 5 1 0 , 8 2 0 1 . 5 9 % 5 4 3 20 0 4 4 7 , 0 8 5 , 0 0 0 5 8 5 , 3 3 6 4 6 , 4 9 9 , 6 6 4 1 . 5 6 % 5 8 0 20 0 5 4 9 , 8 0 0 , 0 0 0 9 1 2 , 3 5 3 4 8 , 8 8 7 , 6 4 7 1 . 5 0 % 5 9 7 20 0 6 5 3 , 8 3 5 , 0 0 0 1 , 6 4 5 , 5 6 3 5 2 , 1 8 9 , 4 3 7 1 . 4 5 % 6 2 2 So u r c e : C i t y o f C o l l e g e S t a t i o n No t e s : D e t a i l s r e g a r d i n g t h e C i t y ' s o u t s t a n d i n g d e b t c a n b e f o u n d i n t h e n o t e s t o t h e f i n a n c i a l s t a t e m e n t s . CI T Y O F C O L L E G E S T A T I O N , T E X A S RA T I O S O F N E T G E N E R A L B O N D E D D E B T O U T S T A N D I N G LA S T T E N F I S C A L Y E A R S 133 Es t i m a t e d E s t i m a t e d S h a r e De b t P e r c e n t a g e o f D i r e c t a n d Go v e r n m e n t a l U n i t O u t s t a n d i n g Ap p l i c a b l e a Ov e r l a p p i n g D e b t De b t r e p a i d w i t h p r o p e r t y t a x e s Co l l e g e S t a t i o n I . S . D . 5 4 , 6 0 5 , 0 0 0 $ 8 3 . 4 8 % 4 5 , 5 8 4 , 2 5 4 $ Br a z o s C o u n t y 4 8 , 9 2 0 , 0 0 0 4 8 . 9 4 % 2 3 , 9 4 1 , 4 4 8 Br y a n I . S . D . 9 8 , 4 4 0 , 0 0 0 5 . 1 7 % 5 , 0 8 9 , 3 4 8 Ot h e r d e b t Co l l e g e S t a t i o n I . S . D . 6 0 9 , 9 5 1 8 3 . 4 8 % 5 0 9 , 1 8 7 Br a z o s C o u n t y - 4 8 . 9 4 % - Br y a n I . S . D . C a p i t a l L e a s e 4 , 3 2 0 , 0 0 0 5 . 1 7 % 2 2 3 , 3 4 4 Br y a n I . S . D . P e r s o n a l P r o p e r t y L e a s e 3 3 9 , 4 2 2 5 . 1 7 % 1 7 , 5 4 8 Su b t o t a l , o v e r l a p p i n g d e b t 75 , 3 6 5 , 1 2 9 Ci t y d i r e c t d e b t 97 , 3 2 0 , 0 0 0 To t a l d i r e c t a n d o v e r l a p p i n g d e b t 17 2 , 6 8 5 , 1 2 9 $ So u r c e s : D e b t o u t s t a n d i n g d a t a p r o v i d e d b y e a c h g o v e r n m e n t a l u n i t . A s s e s s e d v a l u e d a t a u s e d t o e s t i m a t e a p p l i c a b l e pe r c e n t a g e s p r o v i d e d b y t h e B r a z o s C o u n t y A p p r a i s a l D i s t r i c t . No t e s : O v e r l a p p i n g g o v e r n m e n t s a r e t h o s e t h a t c o i n c i d e , a t l e a s t i n p a r t , w i t h t h e g e o g r a p h i c a l b o u n d a r i e s o f t h e Ci t y . T h i s s c h e d u l e e s t i m a t e s t h e p o r t i o n o f t h e o u t s t a n d i n g d e b t o f t h o s e o v e r l a p p i n g g o v e r n m e n t s t h a t i s b o r n e b y th e r e s i d e n t s a n d b u s i n e s s e s o f C o l l e g e S t a t i o n . T h i s p r o c e s s r e c o g n i z e s t h a t , w h e n c o n s i d e r i n g t h e C i t y ' s a b i l i t y t o is s u e a n d r e p a y l o n g - t e r m d e b t , t h e e n t i r e d e b t b u r d e n b o r n e b y t h e r e s i d e n t s a n d b u s i n e s s e s s h o u l d b e t a k e n i n t o ac c o u n t . H o w e v e r , t h i s d o e s n o t i m p l y t h a t e v e r y t a x p a y e r i s a r e s i d e n t a n d t h e r e f o r e r e s p o n s i b l e f o r r e p a y i n g t h e d e b t of e a c h o v e r l a p p i n g g o v e r n m e n t . a Fo r d e b t r e p a i d w i t h p r o p e r t y t a x e s , t h e p e r c e n t a g e o f o v e r l a p p i n g d e b t i s e s t i m a t e d u s i n g t a x a b l e a s s e s s e d p r o p e r t y va l u e s . A p p l i c a b l e p e r c e n t a g e s w e r e e s t i m a t e d b y d e t e r m i n i n g t h e p o r t i o n o f a n o t h e r g o v e r n m e n t a l u n i t ' s t a x a b l e as s e s s e d v a l u e t h a t i s w i t h i n t h e C i t y ' s b o u n d a r i e s a n d d i v i d i n g i t b y e a c h u n i t ' s t o t a l a s s e s s e d v a l u e . CI T Y O F C O L L E G E S T A T I O N , T E X A S DI R E C T A N D O V E R L A P P I N G G O V E R N M E N T A L A C T I V I T I E S D E B T AS O F S E P T E M B E R 3 0 , 2 0 0 6 134 Th e C i t y h a s n o g e n e r a l o b l i g a t i o n l e g a l d e b t l i m i t o t h e r t h a n a c e i l i n g o n t h e a d v a l o r e m ta x r a t e a s s p e c i f i e d b y t h e S t a t e o f T e x a s . T h e p r e s c r i b e d m a x i m u m i s $ 2 . 5 0 p e r $ 1 0 0 at 1 0 0 % v a l u a t i o n . CI T Y O F C O L L E G E S T A T I O N , T E X A S LE G A L D E B T M A R G I N I N F O R M A T I O N SE P T E M B E R 3 0 , 2 0 0 6 135 Ut i l i t y L e s s : N e t A v e r a g e M a x i m u m Se r v i c e O p e r a t i n g A v a i l a b l e D e b t S e r v i c e A n n u a l D e b t S e r v i c e A n n u a l Fi s c a l Y e a r C h a r g e s E x p e n s e s R e v e n u e T o t a l C o v e r a g e T o t a l C o v e r a g e 19 9 7 4 8 , 6 1 5 , 3 6 6 $ 2 9 , 6 0 8 , 2 6 0 $ 1 9 , 0 0 7 , 1 0 6 $ 2 , 9 6 8 , 1 1 0 $ 6 . 4 0 6 , 3 8 8 , 4 4 9 $ 2 . 9 8 19 9 8 4 9 , 9 6 6 , 2 1 6 2 7 , 8 8 5 , 8 5 4 2 2 , 0 8 0 , 3 6 2 3 , 0 1 4 , 9 4 3 7 . 3 2 5 , 9 0 6 , 7 3 9 3 . 7 4 19 9 9 4 9 , 1 0 1 , 1 0 4 3 0 , 0 8 0 , 1 4 5 1 9 , 0 2 0 , 9 5 9 2 , 8 4 4 , 8 9 9 6 . 6 9 5 , 5 0 2 , 3 8 4 3 . 4 6 20 0 0 5 2 , 9 3 2 , 5 8 4 4 1 , 9 2 5 , 4 1 2 1 1 , 0 0 7 , 1 7 2 3 , 4 7 2 , 4 2 1 3 . 1 7 5 , 6 8 7 , 1 6 1 1 . 9 4 20 0 1 5 9 , 1 4 3 , 8 9 6 4 5 , 4 6 5 , 7 7 8 1 3 , 6 8 7 , 1 1 8 4 , 6 8 8 , 5 1 8 2 . 9 2 6 , 3 9 5 , 2 4 4 2 . 1 4 20 0 2 6 2 , 1 4 1 , 0 6 6 4 6 , 2 7 4 , 5 5 5 1 5 , 8 6 6 , 5 1 1 5 , 8 2 5 , 0 6 4 2 . 7 2 8 , 0 4 8 , 7 0 7 1 . 9 7 20 0 3 6 4 , 0 4 6 , 2 4 6 4 7 , 7 8 5 , 5 5 0 1 6 , 2 6 0 , 6 9 6 5 , 7 7 3 , 5 8 2 2 . 8 1 8 , 0 8 4 , 2 8 5 2 . 0 1 20 0 4 6 4 , 7 8 5 , 1 2 2 4 4 , 7 1 9 , 2 4 1 2 0 , 0 6 5 , 8 8 1 5 , 6 5 1 , 9 6 6 3 . 5 5 7 , 9 9 8 , 4 6 5 2 . 5 1 20 0 5 7 0 , 6 3 6 , 8 5 3 5 1 , 1 2 5 , 7 4 5 1 9 , 5 1 1 , 1 0 8 5 , 5 2 2 , 4 4 7 3 . 5 3 8 , 3 6 4 , 7 4 7 2 . 3 3 20 0 6 8 0 , 7 8 7 , 0 2 9 5 4 , 4 3 2 , 8 4 7 2 6 , 3 5 4 , 1 8 2 6 , 4 2 3 , 5 8 2 4 . 1 0 9 , 1 6 3 , 5 7 4 2 . 8 8 So u r c e : C i t y o f C o l l e g e S t a t i o n No t e s : D e t a i l s r e g a r d i n g t h e C i t y ' s o u t s t a n d i n g d e b t c a n b e f o u n d i n t h e n o t e s t o t h e f i n a n c i a l s t a t e m e n t s . Op e r a t i n g e x p e n s e s d o n o t i n c l u d e i n t e r e s t , d e p r e c i a t i o n , o r a m o r t i z a t i o n e x p e n s e . Th e c o v e r a g e r a t i o s p r e s e n t e d i n t h i s s c h e d u l e a r e f o r m u l a s r e q u i r e d b y b o n d r e s o l u t i o n s . T h e b o n d r e s o l u t i o n s r e q u i r e t h a t n e t r e v e n u e s e q u a l at l e a s t 1 . 4 t i m e s t h e a v e r a g e a n n u a l d e b t s e r v i c e o n a l l r e v e n u e b o n d s a n d o t h e r i n d e b t e d n e s s p a y a b l e f r o m t h o s e r e v e n u e s . T h e b o n d r e s o l u t i o n s al s o r e q u i r e t h a t n e t r e v e n u e s e q u a l a t l e a s t 1 . 2 5 t i m e s t h e m a x i m u m a n n u a l d e b t s e r v i c e o n a l l r e v e n u e b o n d s a n d o t h e r i n d e b t e dn e s s p a y a b l e fr o m t h o s e r e v e n u e s . Ut i l i t y R e v e n u e B o n d s PL E D G E D - R E V E N U E C O V E R A G E CI T Y O F C O L L E G E S T A T I O N , T E X A S LA S T T E N F I S C A L Y E A R S 136 Pe r s o n a l I n c o m e Ca l e n d a r (t h o u s a n d s Pe r C a p i t a U n e m p l o y m e n t Ye a r P o p u l a t i o n of d o l l a r s ) Pe r s o n a l I n c o m e R a t e 19 9 6 6 0 , 4 4 0 - $ - $ 2 . 6 19 9 7 6 1 , 6 4 6 - - 2 . 2 19 9 8 6 3 , 8 5 2 - - 1 . 8 19 9 9 6 5 , 7 9 7 - - 1 . 8 20 0 0 6 7 , 8 9 0 1 , 0 2 9 , 8 9 1 1 5 , 1 7 0 1 . 6 20 0 1 7 2 , 0 2 0 - - 1 . 7 20 0 2 7 5 , 7 5 2 - - 2 . 0 20 0 3 7 8 , 3 0 9 - - 2 . 4 20 0 4 8 0 , 2 1 4 - - 2 . 0 20 0 5 8 1 , 9 3 0 1 , 2 2 6 , 9 7 4 1 4 , 9 7 6 3 . 7 So u r c e s : C i t y o f C o l l e g e S t a t i o n P l a n n i n g D i v i s i o n ( p o p u l a t i o n ) U. S . C e n s u s B u r e a u , A m e r i c a n C o m m u n i t y S u r v e y ( p e r s o n a l i n c o m e ) Te x a s W o r k f o r c e C o m m i s s i o n ( u n e m p l o y m e n t r a t e ) No t e s : I n 2 0 0 5 , t h e B u r e a u o f L a b o r S t a t i s t i c s i n t r o d u c e d a n e w m e t h o d o l o g y f o r c a l c u l a t i n g un e m p l o y m e n t r a t e s . A l o n g w i t h t h e n e w c a l c u l a t i o n m e t h o d , R o b e r t s o n a n d G r i m e s c o u n t y we r e a d d e d t o t h e B r y a n / C o l l e g e S t a t i o n M S A . T h e n e t r e s u l t i s a n i n c r e a s e i n t h e a r e a ' s un e m p l o y m e n t r a t e . Pe r s o n a l i n c o m e i n f o r m a t i o n f o r t h e C i t y o f C o l l e g e S t a t i o n i s o n l y a v a i l a b l e f o r c a l e n d a r ye a r s 2 0 0 0 a n d 2 0 0 5 . CI T Y O F C O L L E G E S T A T I O N , T E X A S DE M O G R A P H I C A N D E C O N O M I C S T A T I S T I C S LA S T T E N C A L E N D A R Y E A R S 137 20 0 6 2 0 0 0 Em p l o y e r E m p l o y e r Br a z o s C o u n t y B r a z o s C o u n t y Br y a n I S D B r y a n I S D Ci t y o f B r y a n C i t y o f B r y a n Ci t y o f C o l l e g e S t a t i o n C i t y o f C o l l e g e S t a t i o n Co l l e g e S t a t i o n I S D C o l l e g e S t a t i o n I S D HE B G r o c e r y C o m p a n y L P R e l i a n t B u i l d i n g P r o d u c t s I n c Sa n d e r s o n F a r m s I n c S a n d e r s o n F a r m s I n c St J o s e p h H o s p i t a l S t J o s e p h H o s p i t a l Te x a s A & M U n i v e r s i t y T e x a s A & M U n i v e r s i t y Wa l - M a r t A s s o c i a t e s I n c W a l - M a r t A s s o c i a t e s I n c So u r c e : T e x a s W o r k f o r c e C o m m i s s i o n , L a b o r M a r k e t / C a r e e r I n f o r m a t i o n De p a r t m e n t No t e s : D a t a i n c l u d e s p r i n c i p a l e m p l o y e r s i n B r a z o s C o u n t y . Em p l o y e r s a r e l i s t e d i n a l p h a b e t i c a l o r d e r a n d d o n o t r e f l e c t a n y r a n k i n g . Th e T W C r a n k i n g a n d n u m b e r o f e m p l o y e e s d a t a i s c o n f i d e n t i a l . T h e TW C b e g a n t r a c k i n g t h i s d a t a i n 2 0 0 0 t h e r e f o r e n o e a r l i e r d a t a i s a v a i l a b l e PR I N C I P A L E M P L O Y E R S CU R R E N T Y E A R A N D S I X Y E A R S A G O CI T Y O F C O L L E G E S T A T I O N , T E X A S 138 19 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 Fu n c t i o n / P r o g r a m Ge n e r a l G o v e r n m e n t 2 9 . 4 2 8 . 3 3 3 . 9 3 3 . 2 3 7 . 2 3 9 . 7 3 6 . 8 3 8 . 5 4 1 . 9 3 7 . 8 Po l i c e 1 0 7 . 3 1 1 9 . 0 1 1 8 . 5 1 3 2 . 3 1 3 9 . 4 1 4 0 . 3 1 4 3 . 4 1 4 6 . 0 1 4 4 . 4 1 5 5 . 1 Fi r e 7 9 . 0 8 0 . 6 8 7 . 0 9 1 . 3 9 8 . 1 1 0 3 . 9 1 0 5 . 9 1 0 8 . 5 1 1 1 . 4 1 1 0 . 6 Pu b l i c W o r k s 8 3 . 6 8 3 . 2 8 7 . 1 8 8 . 3 9 5 . 0 1 0 4 . 4 1 0 4 . 5 1 0 6 . 8 1 1 2 . 2 1 1 2 . 6 Pa r k s a n d R e c r e a t i o n 9 7 . 0 9 5 . 9 1 0 3 . 8 1 0 6 . 8 1 1 1 . 3 1 1 5 . 4 1 2 0 . 1 1 1 6 . 2 1 2 0 . 0 1 1 9 . 8 Pl a n n i n g a n d D e v e l o p m e n t S e r v i c e s 3 1 . 0 2 7 . 0 2 7 . 4 2 9 . 2 2 7 . 8 2 9 . 0 2 8 . 3 2 8 . 5 2 5 . 8 2 7 . 1 In f o r m a t i o n S e r v i c e s 3 9 . 6 4 1 . 1 4 0 . 3 4 1 . 5 3 9 . 2 3 9 . 1 4 0 . 0 4 0 . 3 3 7 . 5 3 6 . 6 Fi s c a l S e r v i c e s 4 7 . 0 5 0 . 4 5 1 . 0 5 3 . 2 5 4 . 3 5 3 . 1 6 1 . 1 5 9 . 8 6 4 . 2 7 0 . 1 El e c t r i c 4 4 . 2 4 5 . 6 4 4 . 1 4 8 . 8 5 7 . 1 5 7 . 5 5 6 . 9 5 3 . 4 5 6 . 6 5 6 . 0 Wa t e r / W a s t e w a t e r S e r v i c e s 4 7 . 7 5 3 . 2 6 6 . 0 6 5 . 4 6 4 . 6 6 6 . 2 6 6 . 0 6 4 . 0 6 9 . 1 7 1 . 8 BV S W M A 2 4 . 8 2 6 . 1 2 6 . 3 2 9 . 3 2 7 . 8 2 8 . 8 2 8 . 3 2 7 . 3 2 4 . 4 2 4 . 0 To t a l 6 3 0 . 6 6 5 0 . 4 6 8 5 . 4 7 1 9 . 3 7 5 1 . 8 7 7 7 . 4 7 9 1 . 3 7 8 9 . 3 8 0 7 . 5 8 2 1 . 5 So u r c e : C i t y o f C o l l e g e S t a t i o n No t e s : F u l l - t i m e - e q u i v a l e n t e m p l o y e e s i n c l u d e f u l l t i m e , p a r t t i m e , a n d s e a s o n a l / t e m p o r a r y e m p l o y e e s . Fu l l - T i m e - E q u i v a l e n t E m p l o y e e s a s o f S e p t 3 0 CI T Y O F C O L L E G E S T A T I O N , T E X A S FU L L - T I M E - E Q U I V A L E N T C I T Y G O V E R N M E N T E M P L O Y E E S B Y F U N C T I O N / P R O G R A M LA S T T E N F I S C A L Y E A R S 139 19 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 Fu n c t i o n / P r o g r a m Ge n e r a l G o v e r n m e n t O p e n r e c o r d s r e q u e s t s 5 3 7 3 0 0 3 5 0 2 5 0 2 5 0 1 4 7 6 2 1 0 3 7 2 1 9 9 E c o n o m i c d e v e l o p m e n t p r o s p e c t s * * * 2 9 1 7 1 5 2 9 1 7 2 0 3 1 C o d e e n f o r c e m e n t c a s e s p r o c e s s e d * * * 3 , 5 0 3 4 , 2 0 9 4 , 5 2 5 6 , 2 8 0 9 , 3 4 1 2 , 8 4 8 5 , 9 8 4 N o n - p r o f i t a g e n c i e s / c o n t r a c t s m o n i t o r e d 7 8 1 1 8 8 1 2 1 1 1 0 9 1 3 A p p l i c a n t s r e c e i v i n g h o m e b u y e r s a s s i s t a n c e * 1 7 2 2 1 2 2 5 1 4 1 6 2 9 Po l i c e D U I / D W I a r r e s t s 2 1 0 4 1 3 5 5 1 5 2 2 3 5 1 3 1 1 3 4 1 4 1 8 3 8 7 4 1 4 C i t a t i o n s p r o c e s s e d 2 1 , 8 4 5 2 7 , 0 0 8 3 5 , 7 5 2 4 0 , 7 1 2 4 4 , 3 0 5 3 6 , 9 4 5 4 3 , 4 0 7 4 2 , 9 5 7 3 9 , 4 1 6 3 4 , 1 3 4 U n i f o r m p a t r o l c a l l s h a n d l e d 3 7 , 6 9 6 4 1 , 7 7 4 4 7 , 6 6 2 5 0 , 4 5 9 5 0 , 0 3 4 5 6 , 3 8 8 6 1 , 8 2 1 6 0 , 4 0 5 5 7 , 6 0 5 6 0 , 1 5 9 A v e r a g e r e s p o n s e t i m e o n h i g h p r i o r i t y c a l l s 5 : 0 0 m i n s 5 : 3 6 m i n s 5 : 5 2 m i n s 6 : 1 0 m i n s 5 : 5 3 m i n s 6 : 0 1 m i n s 6 : 2 8 m i n s 5 : 5 8 m i n s 6 : 0 9 m i n s 6 : 1 5 m i n s C r i m i n a l i n v e s t i g a t i o n n e w c a s e s a s s i g n e d 2 , 4 8 9 2 , 3 7 6 2 , 0 1 0 2 , 0 4 1 1 , 8 1 0 1 , 9 7 0 2 , 2 9 2 2 , 2 5 9 2 , 3 0 0 2 , 3 6 8 N o t e s : F Y 9 7 D U I / D W I a r r e s t s o n l y i n c l u d e D W I a r r e s t s . Fi r e F i r e i n c i d e n t s ( f i r e , r e s c u e , a n d h a z m a t ) 4 , 0 5 6 * * 1 , 6 0 7 1 , 6 0 3 1 , 6 5 3 1 , 4 5 5 1 , 5 5 4 1 , 7 9 2 1 , 7 4 3 B u s i n e s s s a f e t y i n s p e c t i o n s 1 , 1 0 3 9 3 1 9 7 3 7 7 7 1 , 1 2 8 9 0 0 1 , 0 1 4 1 , 4 1 0 1 , 1 3 8 8 2 8 P a r k i n g c i t a t i o n s i s s u e d 1 2 , 1 2 3 1 4 , 1 4 5 2 6 , 7 9 0 * 1 2 , 3 2 4 1 8 , 5 0 0 1 8 , 0 3 4 1 6 , 5 8 7 1 1 , 9 0 0 8 , 4 5 2 C o m m u n i t y e n h a n c e m e n t c a s e s 8 , 0 5 0 5 , 0 8 2 7 , 3 5 2 9 , 2 2 4 1 2 , 0 7 7 1 2 , 5 5 0 1 1 , 6 3 7 1 5 , 0 8 6 7 , 0 1 6 7 , 3 8 4 E M S i n c i d e n t s * * * 2 , 4 9 5 2 , 7 0 4 2 , 5 5 4 2 , 7 5 4 2 , 8 0 0 3 , 2 4 1 3 , 0 4 8 E M S u n i t r e s p o n s e s * * * 4 , 5 5 6 4 , 4 2 8 4 , 5 6 8 4 , 6 8 7 4 , 9 0 0 4 , 9 3 0 5 , 2 7 6 N o t e s : F Y 9 7 f i r e i n c i d e n t s i n c l u d e f i r e , r e s c u e , h a z a r d o u s m a t e r i a l , a n d E M S i n c i d e n t s ( E M S o p e r a t i o n s w e r e a s s i g n e d a s e p a ra t e d i v i s i o n i n F Y 0 0 ) . Pu b l i c W o r k s S t r e e t o v e r l a y l a n e m i l e s 1 5 2 1 2 3 2 1 1 2 1 2 0 1 8 1 9 1 9 P o t h o l e s r e p a i r e d * * * * * * * * 2 4 , 6 9 6 2 4 , 7 7 8 C u r b m i l e s s w e p t * * * * * * * * 6 , 3 3 8 7 , 2 3 5 S i g n , m a r k i n g , s i g n a l w o r k o r d e r s 2 , 1 4 1 2 , 2 5 0 1 , 8 9 4 3 , 0 0 8 2 , 5 6 2 2 , 7 0 9 3 , 4 7 2 3 , 2 7 0 2 , 8 9 8 2 , 5 5 7 Pa r k s a n d R e c r e a t i o n P a v i l i o n r e n t a l s 3 8 3 3 4 3 3 9 8 3 5 5 3 4 0 3 5 3 3 4 2 3 1 4 2 2 1 3 9 9 A d u l t p a r t i c i p a n t s i n C i t y l e a g u e s * * 9 , 7 8 7 1 2 , 5 7 4 9 , 4 8 0 1 0 , 6 4 2 8 , 5 2 9 8 , 3 0 7 1 0 , 7 7 4 8 2 2 Y o u t h p a r t i c i p a n t s i n C i t y l e a g u e s * * 2 , 3 4 7 2 , 0 6 0 1 , 8 8 7 2 , 6 8 4 1 , 9 7 7 2 , 6 9 0 2 , 5 2 0 2 , 8 4 2 S p e c i a l e v e n t p a r t i c i p a n t s 1 5 2 , 7 0 0 2 7 , 0 0 0 1 8 5 , 6 3 0 1 5 9 , 4 5 7 2 2 , 7 1 8 1 2 3 , 7 4 3 1 8 8 , 9 8 0 1 8 8 , 4 2 9 2 0 1 , 2 5 6 1 9 7 , 8 0 5 I n s t r u c t i o n a l p a r t i c i p a n t s 4 , 0 5 7 3 , 5 8 6 3 , 9 8 7 2 , 9 1 2 3 , 1 4 8 3 , 5 4 6 3 , 4 4 7 3 , 5 8 1 3 , 5 7 9 3 , 0 7 5 P o o l c u s t o m e r s 1 1 8 , 2 3 4 9 6 , 4 2 6 9 8 , 9 5 8 1 1 4 , 3 1 9 1 1 9 , 3 2 9 1 3 0 , 1 1 3 1 4 2 , 1 5 4 1 4 5 , 8 7 9 1 3 2 , 5 4 9 1 4 6 , 8 0 5 C o n f e r e n c e c e n t e r c u s t o m e r s 7 0 , 0 3 8 7 1 , 6 8 7 8 5 , 2 4 0 8 7 , 3 7 2 8 8 , 2 3 9 7 4 , 3 2 0 7 0 , 7 2 8 8 1 , 2 8 9 8 5 , 7 2 0 7 0 , 4 9 4 L i n c o l n c e n t e r p a r t i c i p a n t s 5 0 , 6 9 0 5 6 , 1 5 7 5 1 , 9 4 7 4 9 , 0 7 1 6 7 , 6 6 5 6 8 , 9 1 9 7 2 , 7 9 4 8 1 , 6 2 9 8 2 , 6 2 4 9 8 , 8 6 9 T e e n c e n t e r p a r t i c i p a n t s 4 , 5 7 5 4 , 1 8 7 4 , 8 1 2 1 7 , 2 1 9 1 1 , 1 7 8 1 2 , 4 6 5 1 3 , 4 4 6 1 4 , 5 8 2 1 7 , 5 0 0 9 , 9 5 8 N o t e s : F Y 9 8 s p e c i a l e v e n t p a r t i c i p a n t s r e f l e c t o n l y W o l f P e n C r e e k . F Y 0 1 s p e c i a l e v e n t p a r t i c i p a n t s d o n o t i n c l u d e C h r i s t m as i n t h e P a r k c o u n t s . A d u l t p a r t i c i p a n t s i n C i t y l e a g u e s w a s c h a n g e d i n F Y 0 6 t o a d u l t t e a m s p a r t i c i p a t i n g i n C i t y l e a g u e s . F Y 0 5 p a v i l i o n r e n t a l s h a d t h e f o l l o w i n g c h a n g e s : T h o m a s P a r k p a v i l i o n r e n t a l s w e r e r e m o v e d ( n o l o n g e r c h a r g i n g a f e e ) a n d W . A . T a r r o w b a s k e t b a l l p a v i l i o n w a s a d d e d . I n F Y 0 6 C r o m p t o n P a r k p a v i l i o n w a s a d d e d t o r e n t a l s . CI T Y O F C O L L E G E S T A T I O N , T E X A S OP E R A T I N G I N D I C A T O R S B Y F U N C T I O N / P R O G R A M LA S T T E N F I S C A L Y E A R S FI S C A L Y E A R 140 19 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 Fu n c t i o n / P r o g r a m Pl a n n i n g a n d D e v e l o p m e n t S e r v i c e s P e r m i t s p r o c e s s e d * * * * * 6 , 7 2 8 6 , 6 0 4 6 , 6 8 5 6 , 5 0 0 6 , 5 7 5 B u i l d i n g i n s p e c t i o n s p e r f o r m e d 5 , 8 7 9 9 , 8 3 9 9 , 2 6 6 1 0 , 0 4 5 1 1 , 0 4 6 1 4 , 6 7 1 1 3 , 3 6 4 1 3 , 4 3 5 1 3 , 2 9 7 1 3 , 0 6 9 El e c t r i c N u m b e r o f c o n n e c t i o n s 2 4 , 1 8 2 2 5 , 3 0 9 2 8 , 4 3 3 2 6 , 1 6 9 2 7 , 1 1 3 3 3 , 3 8 6 3 5 , 4 2 1 3 5 , 3 0 7 3 6 , 2 8 4 3 7 , 5 9 0 R e s i d e n t i a l j o b o r d e r s * * * 1 , 7 4 0 1 , 8 2 5 1 , 9 4 2 2 , 5 0 5 2 , 1 3 4 1 , 9 0 4 1 , 4 2 2 C u s t o m e r s e r v i c e j o b o r d e r s * * * 2 , 0 2 2 2 , 0 7 9 2 , 1 4 4 2 , 0 7 8 2 , 4 9 6 1 , 5 6 1 1 , 6 7 8 A v e r a g e m o n t h l y c o n s u m p t i o n ( K W H ) 4 3 , 0 1 9 , 9 8 3 4 5 , 6 1 2 , 3 8 5 4 7 , 2 1 7 , 0 6 8 5 1 , 6 0 4 , 2 3 0 5 1 , 4 0 9 , 7 0 3 5 2 , 4 6 6 , 2 1 8 5 4 , 8 2 0 , 4 7 0 5 5 , 6 7 3 , 5 2 6 6 0 , 4 1 3 , 5 2 4 6 1 , 9 1 0 , 0 6 3 A v g n u m b e r o f o u t a g e s p e r c u s t o m e r 0 . 4 4 1 . 2 3 1 . 4 0 1 . 6 4 1 . 2 2 1 . 0 0 1 . 3 3 0 . 7 2 0 . 9 2 0 . 3 1 Wa t e r N u m b e r o f c o n n e c t i o n s 1 8 , 6 7 4 2 1 , 2 4 5 2 0 , 1 6 5 2 1 , 0 1 7 1 5 , 5 2 4 2 3 , 2 1 0 2 9 , 3 5 8 3 1 , 0 3 8 3 2 , 2 6 6 3 3 , 4 9 1 N e w s e r v i c e s c o m p l e t e d * * * * 1 , 2 8 9 1 , 4 4 0 1 , 5 6 0 1 , 2 1 7 7 7 3 9 3 1 A v e r a g e m o n t h l y c o n s u m p t i o n ( M G W ) 2 0 9 , 9 9 1 2 6 4 , 9 2 1 3 1 6 , 0 0 5 2 9 2 , 0 0 0 2 9 5 , 8 7 5 2 6 2 , 5 4 1 2 5 3 , 2 5 9 2 3 6 , 3 5 5 2 8 3 , 4 2 9 3 1 7 , 4 3 8 W a t e r m e t e r s t e s t e d * * * * 8 9 3 9 5 0 1 , 0 2 5 7 6 8 7 3 2 1 , 2 5 4 A v g n u m b e r o f o u t a g e s p e r c u s t o m e r * * * * * 0 . 1 9 0 0 . 0 0 3 0 . 1 6 0 0 . 0 1 6 0 . 0 3 9 Wa s t e w a t e r N u m b e r o f c o n n e c t i o n s * * * * * 2 8 , 3 9 9 2 7 , 9 7 7 2 8 , 5 9 4 2 9 , 6 9 4 3 1 , 0 5 1 A v e r a g e d a i l y s e w a g e t r e a t m e n t * * 5 , 4 9 8 5 , 8 8 1 6 , 1 5 8 6 , 6 6 9 6 , 8 0 7 6 , 8 0 8 6 , 2 2 0 5 , 9 1 1 ( t h o u s a n d s o f g a l l o n s ) N e w s e r v i c e s c o m p l e t e d * * * * 1 , 1 3 9 1 , 4 0 0 1 , 5 4 0 8 9 0 5 7 1 6 4 6 A v g n u m b e r o f s t o p p a g e s p e r c u s t o m e r * * * * * 0 . 0 1 5 0 . 0 0 0 1 0 . 0 0 3 0 . 0 0 3 0 . 0 0 3 Sa n i t a t i o n N u m b e r o f u s e r s ( u n i t s ) 2 4 , 0 1 3 2 2 , 1 9 9 2 3 , 2 0 0 2 4 , 3 6 0 2 8 , 8 9 4 2 3 , 9 4 7 2 8 , 2 1 5 2 8 , 5 9 4 2 8 , 3 9 9 2 7 , 1 8 1 R e s i d e n t i a l t o n s c o l l e c t e d 1 2 , 1 6 4 1 2 , 4 4 4 1 4 , 6 9 3 1 4 , 9 9 9 1 5 , 6 1 4 1 7 , 7 1 0 1 8 , 0 5 7 2 0 , 3 5 3 2 3 , 5 3 5 2 4 , 9 6 4 R e s i d e n t i a l t o n s r e c y c l e d 9 8 9 9 4 3 9 2 5 1 , 1 2 9 9 7 8 9 4 1 8 2 6 1 , 0 8 2 9 2 3 9 8 3 C o m m e r i c a l t o n s c o l l e c t e d 2 3 , 8 9 7 2 5 , 7 4 5 2 6 , 7 3 0 3 0 , 9 5 1 3 1 , 3 7 6 3 2 , 3 6 4 3 3 , 4 0 2 3 5 , 3 5 5 3 5 , 1 1 4 3 5 , 1 2 2 Pa r k i n g g a r a g e A c t i v e c o n t r a c t c u s t o m e r s * * * * * * * * 4 4 9 4 3 2 H o u r l y c a s h c u s t o m e r s * * * * * 6 5 , 6 1 2 1 0 6 , 9 3 5 9 7 , 9 0 4 1 2 7 , 6 0 8 1 0 8 , 8 9 3 N o t e s : P a r k i n g g a r a g e o p e n e d t o c u s t o m e r s i n F e b r u a r y 2 0 0 2 . Ut i l i t y C u s t o m e r S e r v i c e P a y m e n t s p r o c e s s e d 2 8 7 , 6 8 1 2 9 4 , 8 9 1 3 2 6 , 1 6 6 3 6 9 , 0 0 1 3 7 9 , 4 3 9 3 8 8 , 5 7 9 4 0 4 , 7 4 2 4 0 8 , 3 4 8 4 0 1 , 8 9 1 4 1 3 , 0 8 8 I n c o m i n g c a l l s 6 6 , 8 4 6 7 3 , 7 8 1 8 5 , 5 8 3 7 9 , 7 4 1 7 9 , 7 4 7 7 9 , 5 1 4 8 2 , 0 1 8 8 2 , 5 3 6 8 2 , 2 3 4 8 5 , 7 2 8 M e t e r s r e a d 4 2 5 , 0 2 7 4 3 9 , 2 6 9 4 5 9 , 2 7 0 4 8 2 , 9 2 0 5 0 1 , 1 7 5 5 2 5 , 4 1 2 5 5 2 , 9 4 9 5 7 7 , 7 7 3 5 9 8 , 6 6 0 6 1 8 , 6 7 6 So u r c e : C i t y o f C o l l e g e S t a t i o n v a r i o u s d e p a r t m e n t s * D a t a n o t m e a s u r e d f o r f i s c a l y e a r i n d i c a t e d . OP E R A T I N G I N D I C A T O R S B Y F U N C T I O N / P R O G R A M - Co n t i n u e d LA S T T E N F I S C A L Y E A R S FI S C A L Y E A R CI T Y O F C O L L E G E S T A T I O N , T E X A S 141 19 9 7 1 9 9 8 1 9 9 9 2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 Fu n c t i o n / P r o g r a m Po l i c e P a t r o l u n i t s 2 0 2 2 2 4 2 5 2 5 2 5 2 5 2 5 2 6 2 6 J a i l c a p a c i t y 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 1 7 Fi r e s t a t i o n s 3 4 4 4 4 4 4 4 4 5 Pu b l i c W o r k s S t r e e t s ( l i n e a r m i l e s ) 2 1 4 2 1 4 7 1 1 7 1 1 7 1 1 7 1 1 7 3 3 3 5 3 3 8 5 3 9 5 S i d e w a l k s ( m i l e s ) 3 0 3 0 3 0 9 1 8 9 8 9 8 9 8 9 9 7 1 0 0 T r a f f i c s i g n a l s 4 3 4 6 4 9 5 3 5 5 5 7 6 0 6 2 6 2 6 2 S t o r m s e w e r s ( m i l e s ) * * * * * * * * * 7 2 N o t e s : S t r e e t m e a s u r e m e n t c h a n g e d f r o m l a n e m i l e s t o l i n e a r m i l e s i n F Y 0 4 . S t o r m s e w e r m i l e a g e i n c l u d e s b o t h u n d e r g r o u n d p ip e s a n d v a l l e y g u t t e r s . Pa r k s a n d R e c r e a t i o n A c r e a g e 9 3 0 9 4 2 1 , 1 0 6 1 , 1 2 7 1 , 1 4 6 1 , 1 3 4 1 , 2 1 4 1 , 2 1 7 1 , 2 4 8 1 , 2 7 4 P l a y u n i t s 2 9 3 4 3 5 3 5 3 5 3 5 3 5 3 5 3 5 4 6 S o f t b a l l / b a s e b a l l f i e l d s 2 0 1 9 1 9 1 6 1 9 1 9 1 9 1 9 2 5 3 2 S o c c e r f i e l d s 2 0 2 2 2 2 1 3 1 3 1 9 1 9 1 9 2 6 3 1 J o g g i n g / w a l k i n g t r a i l s * 1 0 1 9 1 9 2 0 2 0 2 2 2 2 2 6 2 7 C o m m u n i t y c e n t e r s 3 3 3 3 3 3 3 3 3 3 P o o l s 3 3 3 3 3 3 3 3 3 3 P a v i l i o n s ( r e n t a b l e ) 5 5 5 5 5 5 5 5 6 6 N o t e s : S o m e p a r k s h a v e m u l t i p l e p l a y u n i t s . S o f t b a l l / b a s e b a l l f i e l d s i n c l u d e p r a c t i c e f i e l d s . El e c t r i c M a x i m u m c a p a c i t y ( m e g a w a t t s ) 1 7 0 1 7 0 2 3 0 2 5 0 2 5 5 2 5 5 2 5 5 2 5 5 2 8 0 2 6 0 N u m b e r o f s u b s t a t i o n s 3 3 3 4 4 4 4 4 4 5 D i s t r i b u t i o n l i n e s ( m i l e s ) 2 8 1 2 8 2 2 8 5 2 9 0 3 3 3 4 0 0 4 1 4 4 1 4 4 5 0 3 9 4 Wa t e r W a t e r m a i n s ( m i l e s ) 3 0 0 2 4 5 2 4 5 2 6 2 2 8 0 2 9 4 3 1 1 3 1 7 3 4 1 3 6 5 F i r e h y d r a n t s * * * * * * * 2 , 0 7 0 2 , 1 6 5 2 , 2 3 2 N u m b e r o f w e l l s 5 5 5 5 5 6 6 6 6 8 W e l l s s t o r a g e c a p a c i t y 1 9 , 5 0 0 1 9 , 5 0 0 1 9 , 5 0 0 1 9 , 5 0 0 2 0 , 0 0 0 1 9 , 0 0 0 2 6 , 0 0 0 2 6 , 0 0 0 2 8 , 0 0 0 2 3 , 0 0 0 ( t h o u s a n d s o f g a l l o n s p e r d a y ) Wa s t e w a t e r S a n i t a r y s e w e r l i n e s ( m i l e s ) 3 0 0 2 2 0 2 2 0 2 3 2 2 4 3 2 5 2 2 6 2 2 6 4 2 7 1 2 7 9 T r e a t m e n t c a p a c i t y 9 , 5 0 0 9 , 5 0 0 9 , 5 0 0 9 , 5 0 0 9 , 5 0 0 1 1 , 5 0 0 1 1 , 5 0 0 1 1 , 5 0 0 1 1 , 5 0 0 1 1 , 5 0 0 ( t h o u s a n d s o f g a l l o n s p e r d a y ) Sa n i t a t i o n C o l l e c t i o n t r u c k s 2 1 2 1 2 1 2 1 2 1 2 2 2 3 2 4 2 4 2 4 R e s i d e n t i a l c o l l e c t i o n c o n t a i n e r s * * * * * * 1 4 , 4 1 3 1 5 , 2 0 7 1 5 , 9 5 8 1 6 , 6 4 7 C o m m e r c i a l c o l l e c t i o n c o n t a i n e r s * * 1 , 1 3 2 1 , 2 0 5 1 , 2 3 0 1 , 3 8 3 1 , 4 0 7 1 , 5 1 1 1 , 5 4 5 1 , 5 6 9 Fl e e t n u m b e r o f v e h i c l e s * * * * * * 5 8 5 6 0 0 6 1 3 6 2 7 So u r c e : C i t y o f C o l l e g e S t a t i o n * D a t a n o t m e a s u r e d f o r f i s c a l y e a r i n d i c a t e d . FI S C A L Y E A R CI T Y O F C O L L E G E S T A T I O N , T E X A S CA P I T A L A S S E T S T A T I S T I C S B Y F U N C T I O N / P R O G R A M LA S T T E N F I S C A L Y E A R S 142 City of College Station  1101 Texas  Avenue   College Station, Texas  77842  www.cstx.gov