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FY 1993-1994 -- Comprehensive Annual Financial ReportCITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended September 30, 1994 CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 PREPARED BY THE CITY OF COLLEGE STATION.FINANCE DEPARTMENT GLENN SCHROEDER, EXECUTIVE DIRECTOR FOR FISCAL AND HUMAN RESOURCES . KATHLEEN HUBBARD, ACCOUNTING MANAGER () Printed on Recycled Paper CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Table of Contents INTRODUCTORY SECTION Page Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 GFOA Certificate of Achievement for Excellence in Financial Reporting . . . . . . . . . . . . . . . 15 Organizational Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6 · Principal City Officials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7 FINANCIAL SECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Independent Auditors' Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 General Purpose Financial Statements for the Fiscal Year Ended September 30, 1994: Combined Balance Sheet -All Fund Types and Account Groups . . . . . . . . . . . . . . . . . 24 Combined Statement of Revenues, Expenditures and Changes in Fund Balances -All Governmental Fund Types . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Combined Statement of Revenues, Expenditures and Changes in Fund Balances -Budget and Actual (Budgetary Basis) -General, Special Revenue, Debt Service and Capital Projects Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ·. . . . . . . . . . . . . . . . . . . 30 Combined Statement of Revenues, Expenses and Changes in Retained Earnings -All Proprietary Fund Types . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Combined Statement of Cash Flows -All Proprietary Fund Types . . . . . . . . . . . . . . . . 33 Notes to General Purpose Financial Statements .. : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Supplemental Combining, Comparative,. Individual Fund and Account Group Statements and Schedules for the Fiscal Year ended September 30, 1994: General Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . 68 Schedule of Revenues and Other Financing Sources -Budget and Actual (Budgetary· Basis) ............................................... ·. . . . 70 Schedule of Expenditures -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . 72 - i - CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Special Revenue Funds Table of Contents (Continued) Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Combining Statement of Revenues, Expenditures and Changes in Fund Balances . . . 85 Community Development Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actu,al (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 Hotel/Motel Tax Fund Comparative Balance Sheets .............................. ; . . . . . 89 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual. (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 Parks Escrow Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 Debt Service Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . 97 Capital Projects Funds Combining Balance Sheet 100 Combining Statement of Revenues, Expenditures and Changes in Fund Balances . . 1 02 Capital Equipment Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 04 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 - ii - CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1982 Series II Bond Fund Table of Contents (Continued) Comparative Balance Sheets .............................. · . . . . . 1 07 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 08 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 09 1 984 Bond Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 0 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2 1989 Bond Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . 11 3 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 4 Schedule of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 5 1 99 1 Bond Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 6 Comparative Statements of Revenues, Expenditures and Changes in Fund Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 7 Schedule of Revenues, Expenditures and Changes in Fund Balance·_ Budget and Actual (Budgetary Basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118 Enterprise Funds Combining Balance Sheet 120 Combining Statement of Revenues, Expenses and Changes in Retained Earnings . . 1 24 Combining Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126 Electric Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 30 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 32 Schedule of Revenues - Budget and Actual (Budgetary Basis) ... : . . . . . . . . 133 Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 134 -iii - CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Water Fund Table of Contents (Continued) Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 36 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 38 Schedule of Revenues -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 139 Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 140 Sewer Fund Comparative Balance Sheets . . . . . ·. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 42 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144 Schedule of Revenues -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 145 Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 146 Solid Waste Collection Fund Comparative Balance Sheets . . . . . . . . . . ·. . . . . . . . . . . . . . . . . . . . . . . . . 1 4 7 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 '18 Schedule of Revenues -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 149 Schedule of Expenses -Budget and Actual (Budgetary Basis) . . . . . . . . . . . . 150 Proprietary Funds Schedule for Reconciliation of Revenues and Expenses (Budgetary Basis) to GAAP Basis Statement of Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 51 Internal Service Funds Combining Balance Sheet Combining Statement of Revenues, Expenses and Changes in 154 Retained Earnings (Deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156 Combining Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158 Employee Benefits Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 60 Comparative Statements of Revenues, Expenses and Changes in Deficits . . . . 1 61 Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) . . 162 - iv - CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 Table of Contents (Continued) Equipment Replacement Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 63 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 64 Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 165 Landfill Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 66 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings ........... � . . . . . . . . . . . . . . . . . . . 1 67 Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 168 Property and Casualty Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 69 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings (Deficits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 171 Unemployment Fund Comparative Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7 2 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173 Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 174 Workers' Compensation Fund Comparative Ba1ance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7 5 Comparative Statements of Revenues, Expenses and Changes in Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176 Schedule of Revenues and Expenses -Budget and Actual (Budgetary Basis) 177 Internal Service Funds . Schedule for Reconciliation of Revenues and Expenses (Budgetary Basis) to GAAP Basis Statement of Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178 General Fixed Assets Account Group Comparative Schedules of General Fixed Assets by Source 183 Schedule of General Fixed Assets by Source -by Function and Activity 184 Schedule of Changes. in General Fixed Assets by Function and Activity 186 - v - CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 ST A TISTICAL SECTION Table of Contents (Continued) General Governmental Revenues and Other Financing Sources 188 General Governmental Expenditures and Other Uses by Function . . . . . . . . . . . . . . . . . . 1 90 Property Tax Levies and Collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192 Assessed Value of Taxable Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195 Property Tax Rates, Ratios and Levies -All Direct and Overlapping Governments . , . . . . . 196 Paving Assessment Collections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198 Computation of Legal Debt Margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 99 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita . . . 200 Schedule of Direct and Estimated Overlapping Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . 202 Ratio of Annual Debt Service Expenditures for General Obligation Debt to Total General Governmental Expenditures and Other Uses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203 Utility Funds -Schedule of Revenue. Bond Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . 204 Total Bank Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 Construction Permits ........... · . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206 Principal Taxpayers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207 Principal Utility Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208 Miscellaneous Statistical and Demographic Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209 - vi - INTRODUCTORY SECTION - 1 - - 2 - CITY OF COLLEGE STATION March 24, 1 995 Honorable Mayor Members of t h e City Cou n cil City of Colle ge Station, Texas Post Office Box 9960 1101 Teicas Avenue co111e�e Station. Tex.as 71842-9960 764-3500 The C o mp rehensive Annual Financial Re po rt of the City of C o llege Station, Texas ("City"}, for the fiscal year ended September 30, 1 994, is submitted herewith. This report was prepared by the City's Accounting Division of the Fiscal and Human Resource Department. R es ponsi bility for the accuracy of the presented data and the completeness and f ai rn ess of the presentation, including all disclosures, rests with the City. We beli eve the d at a, as presented, is accurate in all material respects; that it is presented in a manner designed to fairly set forth the financial position of the City's various funds; and that all disclosures necessary to enable the reader to gain the maximum un derstanding of the City 's financial affairs are included. The Comprehensive Annual Financial Report is presented in three major sections: introductory, financial, and statistical. The introductory section i n cludes this transmittal letter, the City's organizational chart and a list of prin cipal elected and appointed officials of the City. The financial section includes the ge neral purpose finan cial statements and the combining and individual fund and account group finan cial statements and schedules, as well as the auditors' report on the financial statements and schedules. The statistical section includes selected financial and d e mogra phic information, gen erally p resented on a multi-year basis to all ow for trend analysis of the finances of the City. The City is req ui red to undergo an annual si ng le audit in conformity with the provisions of the Single Audit Act of 1984 and U.S. O ffi ce of M ana ge m en t and Budget Ci r cula r A-128, Audits of State and Local Governments. Information related to this sing le audit, including the schedule of federal financial assistance, findings and recommendations, and auditors' re po rts on the internal co nt rol s�ructure and compliance with applica ble laws and regulations, are reported separately. This report includes all funds and account groups of the City. The City provides a full range of municipal services. These services include police and fire protection; the c o nstructi o n and maintenance of streets, storm drainage, and infrastructure; municipal utilities in the areas of electric, water, sewer, and solid waste collection and disposal ; recreational activities and cultural events. The College Station Independent School District is administered by a separate, Home of Texas A&M universi1tv - 3 - elected board and operates with its own funding sources; therefore, it has not been included in this report. THE CITY OF COLLEGE STATION The City of College Station is in East Central Texas, approximately 140 miles north of the Gulf . of Mexico, conveniently located 90 miles north of Houston, 165 miles south of Dallas, and 100 miles east of Austin in Brazos County. Of major importance to the City of College Station is Texas A&M University, located on a 5,200 acre campus within the corporate limits of the City. Texas A&M University has a significant economic impact on the City, contributing an estimated $572 million annually to the local economy. Texas A&M University ranked in the top ten nationally among public institutions in both enrollment and research grants for the school year beginning in September 1994. The University has approximately 19, 1 00 permanent and part-time employees and has a physical plant valued in.excess of $1.35 billion. In addition to the University, local employment is provided by more than 75 manufacturing industries, located in or adjacent to the City, which provide such products as aluminum windows, business forms, furniture, chemicals, dairy products, feeds and fertilizers, modular homes, bronze castings, and geophysical survey sensors. A growing research park is located adjacent to the University. Westinghouse Defense and Electronic Systems Center produces defense radar-related equipment. Automated Management Systems provides a major automated accounting servic.e for independent property and casualty insurance agents. Retail activity in the City is anchored by the 1,000,000square feet of space in Post Oak Mall, opened in 1982. Major tenants of the shopping center are Sears-Roebuck, Dillard's, Foley's, Beall's, and J.C. Penney. Major additions to the retail sector during fiscal year 1993-94 are Toys-A-Us and CineMark Theater, a new sixteen screen theater. Both businesses opened late in 1993. Brazos County and the City of College Station have become the major medical center for the Brazos Valley area. Scott and White opened its first medical clinic in College Station in 1986 and began a major expansion in 1993 that will increase the size of that clinic by some 50,000 square feet to 125,000 square feet. In 1987, the Brazos Valley Medical Center opened a 100 bed full service hospital. Since then, two multi-story professional buildings have been added to the medical complex. One psychiatric hospital, Desert Hills, serves the Brazos Valley and is located in College Station. The City, although not immune to the effects of the collapse of the oil and·real estate markets in the state of Texas in the mid-1980s, has been somewhat insulated by the dominant effect of Texas A&M University on the local economy. Ad valorem property valuations were substantially unchanged from 1986 through 1991 with net valuations remaining at approximately $1 . 1 billion, as is detailed in the statistical section of this report. Total valuations in 1994 increased by approximately $87 million over 1993. Additions to the local economy included residential and commercial development, with significant increases in sales tax revenues to the municipality in recent years. Oil and gas activity has returned to the College Station area with the City having permitted 5 well sites during calendar 1994. The job market in College Station continues to be strong with Brazos County having a net increase of approximately 900 jobs in 1994 over 1993 to approximately 68,800 total jobs. The Bryan-College Station area has led the state and the nation with one of the lowest unemployment levels for the past five years. - 4 - MAJOR INITIATIVES The City continues to devote significant attention to its municipal infrastructure. General obligation bonds in the amount of $2,000,000 are projected for issuance in 1995 for major street and parks construction projects. Construction is underway for the widening and upgrading of Sebesta Road and an extension to Victoria Avenue to be completed in 1995. The State of Texas plans to begin adding two lanes to Texas Avenue, bringing the roadway to a six lane divided thoroughfare. Utility relocation for this project is the responsibility of the City and is nearly complete. In addition to the widening project, the City is converting from overhead electrical distribution to underground along major thoroughfares. The City has a continuing program to reconstruct certain residential and minor collector streets from current revenues. A priority listing of streets for reconstruction is developed and an annual General Fund appropriation of approximately $400,000 is devoted to the various residential reconstruction projects. In May 1990, the Cities of College Station and Bryan jointly formed the Brazos Valley Solid Waste Management Agency ("BVSWMA"). BVSWMA was formed in order to achieve economies of scale in the joint operation and planning for a regional landfill facility. During fiscal 1 993-94, the BVSWMA Board hired an executive director who has taken responsibility for daily operations of the landfill as well as planning to meet future landfill space · requirements. The Agency is preparing initial studies to locate a new landfill site anticipated to have a life of up to 50 years. The agency intends to acquire and permit the site prior to using up the available space at its current Rock Prairie Road Landfill site that is anticipated to be full between 1997 and 2000. The City issued $3.4 million in certificates of obligation in August 1994 to fund $2. 7 million for the first phase of the College Station Business Park and $700,000 for computer replacements and networking. Wastewater projects include the upgrading of the City's Carter Creek wastewater treatment plant to comply with new Environmental Protection Agency and Texas Natural Resource Conservation Commission treatment guidelines. Electric projects include system distribution additions and underground conversion projects related primarily to the Texas Avenue widening project. Electric and wastewater capital improvement projects are anticipated to require additional utility revenue bond sales of up to $8.3 million in FY 1995. Long Term. During fiscal 1990, the City entered into a contract with the Texas Municipal Power Agency ("TMPA") cities. The City began receiving power under this contract on December 30, 1 991. Under the terms of the contract, the City is a total requirements customer of the TMPA cities. College Station's contract allows the City the opportunity to become a full partner in TMPA when additional p0wer generating facilities are required by the member cities. TMPA was created in July l975 by concurrent ordinances of the Texas cities of Bryan, Denton, Garland, and Greenville pursuant to the Acts of the 63rd and 64th Legislature of Texas. Under provisions of the Act, TMPA is a separate municipal corporation. In September 1976, TMPA entered into identical power sales contracts with each of the cities for the purpose of obtaining the economic advantages of jointly financing, constructing and operating large electric generating units and related facilities to supply the cities' future electric requirements. TMPA operates the Gibbons Creek Steam Electric Station, a lignite-fueled generating plant located in Grimes County, Texas, with a net generating capacity of 405 megawatts. The plant began commercial operation October 1, 1 983. - 5 - The City has developed a three-year (FY94-96) capital construction program for the electric, water, and sewer utilities. Total investment in the utility system over the next several years is anticipated to be approximately $65. 7 million, financed with the use of available funds on hand, revenues and the issuance of $27.9 million in utility revenue bonds. A three-year capital improvements budget was approved by the City Council as part of their deliberation on the fiscal 1 993-94 budget. A special election was held in December 1990 for approval of General OblJgation Bonds. The electorate authorized the issuance of $4,500,000 in bonds for streets, traffic signalization and sidewalk construction and $1,000,000 in bonds for park development. In December 1 991 $3,500,000 of these bonds were issued for streets and parks projects that were targeted for construction in 1 992 and 1 993. The remaining $2,000,000 of authorized bonds will be issued in fiscal year 1 995. The City has developed a process to identify the future capital needs in the areas of streets, drainage, facilities, and parks. A future bond authorization election will be held in March 1995 for $22.5 million in projects. In May 1 992, it was announced that the George Bush Presidential Library would be located in College Station on the Texas A&M campus. Ground breaking for the $8.9 million library was held in November 1 994� When completed in 1997, the library is anticipated to attract more than 400,000.visitors per year. College Station has begun preparation for the Bush Library by placing additional emphasis in areas that will increase the appeal to visitors. Code enforcement and work in blighted areas has become a priority. The City has adopted a comprehensive streetscape plan to enhance the visual appeal of the community. Economic development in College Station takes several forms. Tourism is expected to continue to play an important role in College Station's economy. In addition to continuing support for tourism, the master plan for the College Station Business Park is complete. The plan calls for developing the park in two phases. Detailed plans are complete for Phase I and construction began in June 1994 with scheduled completion by mid 1995. The 200 acre city-owned business park will attract high-tech, clean types of industry. Several prospects are currently waiting for the completion of Phase I. FINANCIAL INFORMATION The City is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: ( 1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. Single Audit. The City receives federal financial assistance and is responsible for ensuring that an adequate internal control structure is in place to ensure compliance with applicable laws and regulations related to those programs. This internal control structure is subject to periodic evaluation by management. Tests are made to determine the adequacy of the internal control structure, including that portion related to federal financial assistance programs, as well as to determine that the City - 6 - has complied with applicable laws and regulations. The results of the City's single audit for the fiscal year ended September 30, 1 994, provided no significant violations of applicable laws or regulations relating to federal financial assistance programs of the City. Budgetary Controls. The City maintains a system of budgetary controls. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in the annual budget appropriations ordinance approved by the City Council. Activities of the General Fund, Debt Service Fund, Spe9ial Revenue Funds, Capital Projects Funds, Utility Enterprise Funds, and the Internal Service Funds are included in the budget appropriations ordinance. The level of budgetary control, that is the level at which expenditures cannot legally exceed appropriations, is established at department level within the General Fund and fund level for all other funds. The City's Budget Office monitors expenditure activity on a monthly basis against budgeted amounts and reports significant variances to the City Manager. The City continues to meet its responsibility for sound financial management. General ·Fund and Debt Service Fund Revenues. The following schedule presents a summary of General Fund and Debt Service Fund revenues and other various financing sources for the fiscal year ended September 30, 1 994. Comparisons to the previous fiscal year have been included. Revenue Source Fiscal Year Fiscal Year Ended Percent Ended ·Increase 9/30/94 of Total 9/30/93 {Decrease} General Fund Property Tax $ 2,086,274 8.25 % $ 1,627,228 $ 459,046 Sales and Mixed Drink Tax 8,776,093 34.70 7,995,877 780,216 Franchise Fees 358,392 1.42 407, 168 (48,776) Licenses and Permits 557,440 2.20 445,585 111,855 Fines and Penalties 915,126 3.62 893,649 21,477 Charges for Services 1,066,268 4.22 904,004 162,264 Tran sf er from Enterprise Funds for Return on Investment 4,407,529 17.43 4,266,504 141,025 Miscellaneous Revenues 760,676 3.01 800,690 (40,014) Other Financing Sources 2,731,232 10.79 68,213 2,663,019 Debt Service Property Tax 3,634,353 14.36 3,351,369 282,984 Total Revenues and Other Financing Sources $ 25,293,383 100.00% $ 20,760,287 $ 4,533,096 The most significant increase in revenue sources during 1 994 was the change in other financing sources. The increase in this item was due to a debt issuance of $2,680,000 to pay for the construction for Phase I of the College Station Business Park. The next largest increase was the Sales and Mixed Drink Tax, which increased by 9.8% in FY 94 over FY 93. The General Fund portion of the ad valorem tax increased by 28.2% as a result of increased property values and an increase in that portion of the ad valorem tax rate by 2. 75 cents per $100 value (20.4%). The debt service portion of the ad valorem tax rate increased by 0.50 cents per $100 value (1.8%) and total revenue increased by 8.4%. Charges for services increased by 17. 9 % due to increased activity primarily for follow up by police on warrants and other activities ($95,905), increased use of emergency medical services and other Fire Department Services ($23,378), and increased municipal court administrative related fees ($36, 131 ). - 7 - REVENUES BY SOURCE GENERAL AND DEBT SERVICE FUNDS FISCAL YEAR 1994 Other ROI Transfers 17.38% $ 25,375,949 Property Tax 22.54% Sales Tax and Mixed Drink Tax 34.58% The next largest increase in sources of funds was for transfers from Enterprise Funds for return on investment with an increase of 3.3%, primarily related to increased revenues for each of the Enterprise Funds. Licenses and permits, which are largely related to development activity, increased by 25.1 % over FY 93. Fines and penalties increased by only 2.4%, slightly more than $21,000. Two sources of funds declined in FY 94 over FY 93. Franchise Fee·s were down in Fiscal Year 1 994 from Fiscal Year 1 993 due to a reduction in oil and gas activity within the corporate limits of the City of College Station. Miscellaneous revenues were down due primarily to reductions in payments on paving assessments. Property taxes received during fiscal year 1 994 were based on a tax levy of 44. 50 cents pe_r $1 OOof assessed valuation. Under Texas state statutes, assessed valuation represents 100% of market value. The total assessed valuatio n of $1,275,672, 194represents a 7 .3% in crease from fiscal year 1 993. The increase was caused by the completion of three major grocery outlets and two major retail stores along with strong building activity in the single family residential sector. Distribution of property tax rates for the last five years is as follows: Purpose General Fund Debt Service Fund 1994 $ 0.1625 0.2825 1993 $ 0.1350 Q.2775 1992 $ 0.1225 0.2775 1991 $ 0.1325 0.2675 1990 $ 0.1600 0.2400 Total Ad Valorem Tax Rate $ 0.4450 $ 0.4125 $ 0.4000 $ 0.4000 $ 0.4000 - 8 - General Fund and Debt Service Fund Exgenditures. The following schedule presents a summary of General Fund and Debt Service Fund expenditures for the fiscal year ended September 30, 1994. Comparisons to the previous fiscal year are included. Fiscal Year Percent Fiscal Year Increase Function Ended 9/30/94 of Total· Ended 9/30/93 {Decrease} Current: General Government $ 5,923,568 26.63 % $ 5,289,911 $ 633,657 Police 4,715,064 21.20 4,054,244 660,820 Fire 3,454,391 15.53 3,331,309 123,082 Public Services 2,533,983 11.39 2,266, 145 267,838 Parks and Recreation 3,083,389 13.86 2,838,541 244,848 Library Services 282,255 1.27 283,478 ( 1,223) Less: Reimbursed Administrative Costs (2,886,557) (12.98) (2,843,580) (42,977) Other 251,454 1.13 398, 100 (146,646) Debt Service: Principal 2,066,045 9.29 2, 111,906 (45,861) Interest and Fiscal Charges 1,254,877 5.64 1,396,999 (142, 122) Capital Outlay 1, 120,536 5.04 412,314 708,222 Other Financing Uses 445,000 2.00 0 445,000 Total Expenditures and Other Financing Uses $ 22,244,005 100.00 % $ 19,539,367 $ 2,704,638 Year to year expenditure increases for the General Fund can be attributed to a number of general factors and a few specific decisions. The general factors include normal salary and benefit changes that affect all departments and policy decisions made by the City Council. The increase in General Government expenditures was due to a number of factors: (a) four new positions added in FY 94 and five new positions added late in FY 93 (approximately $270,000); (b) special studies ($75,000); (c) continued implementation of the financial policies regarding facility and computer maintenance and replacement ( $191,000); (d) the transfer of the Geographic Information System activity center with three employees from the Electric Fund to the General Fund ($88,000); and (e) other normally occurring increases such as personnel merit increases and inflation. The increase in the Police Department expenditures was due primarily to the transfer of all emergency dispatch duties to the Police Department, adding 1 0 positions and associated capital and operating costs ($311,000);four additional patrol officers ($168,000);one records technician ($20,000); and two additional patrol cars ($64,000). Other cost increases were due to normal year to year changes for salaries, utilities and other operating costs. The change in Fire Department expenditures was due to the addition of a firefighter ( $26; 100), replacement of protective clothing ($25,900), and hazardous materials training ($25,900). The increased expenditure in Public Services was the result of a residential street reconstruction project that carried over from FY 93 into FY 94 ($205,000) and other normal year to year changes. The majority of the year to year change for Parks and Recreation was due to shifting approximately $150,000 in expenditures for parks programs to the Parks Department - 9 - operation and maintenance budget from the Hotel/Motel Tax Fund budget and reimbursing those expenditures from the Hotel/Motel Tax Fund. Changing the process helped to better indicate the actual annual activity and resource requirements for Parks and Recreation. The net change in Reimbursed Administrative Costs was associated with services provided to other operations of the City and relates to normal increases in costs. The function listed as Other is from the non-departmental expenditures of the City and is used for funding of non­ city activities and certain one-time projects not related to a particular department. The reduction was primarily due to an outside agency not being funded ( $100,000) and a special study done in FY 93 ($50,000). Changes in Principal and Interest and Fiscal Charges were due to normal year to year changes since no significant debt issue occurred in FY 93, and the debt issued in FY 94 was issued late in the fiscal year. Capital outlay increased by more than $700,000, primarily due to construction at the College Station Business Park with contracts to develop the first 1 00 acres of the 200 acre park. EXPENDITURES BY FUNCTION GENERAL AND DEBT SERVICE FUNDS FISCAL YEAR 1994 $ 22,244,005 Capital Outlay 5.04% General Government (Net of Reimburement) Debt Service 14.93% Library Services 1.27% ,__.__..........._ Parks and Recreation 13.86% Public Service 11.39% Other 3.13% 13.65% Public Safety 36.73% General Fund Balance. The unreserved fund balance of the General Fund increased by $4 7 2,426 in 1 994, a 13. 7 % increase .over Fiscal Year 1993. The City Council policy on reserve levels requires that the undesignated fund balance be at least equal to 1 5 % of the next year's net budgeted expenditures. The undesignated fund balance of $3,914,459 is approximately 19.1 % of Fiscal Year 1995 net budgeted expenditures. Enterprise Funds. The City of College Station operates electric, water, sewer, a'nd solid waste services for the benefit of the citizens. The City purchases 100% of its electric power requirement from the Texas Municipal Power Agency ("TMPA") cities. Under the terms of the contract with TMPA, the City will be considered for participation as an equal member when TMPA and its member cities require additional generation facilities. The City is served through three 1 38 kV A transmission lines tied to a ring bus at the City switching station, two substations, and 21 0 miles of distribution lines. - 10 - Since 1 981, the City has had the capability to produce and deliver 100% of its water needs through its own water well and transmission system. The water production and transmission system includes four wells with a combined capacity of 15.6 million gallons per day, and a delivery system of 14 miles of 30-inch diameter pipeline with two pumping stations. The Carter Creek Treatment Plant has a rated treatment capacity of 8.9 million gallons per day (mgd). The Lick Creek Treatment Plant, the newer of the two plants, came on-line during 1988 and has a 500,000 gallons per day treatment capacity. The two plants have a combined treatment capacity of 9.4 mgd as compared to average current daily demand of 6 mgd. Utility Billing is responsible for meter reading, billing, and collections for more than 20,000 electric, water, sewer, and solid waste collection accounts. Prior to 1989, these activities were accounted for as part of the General Fund. In the 1989 fiscal year budget, the Utility Billing Fund was authorized as an Internal Service Fund and was financed with user charges from the utility operating funds. During fiscal year 1 994, the Utility Billing Fund has been combined with the Electric Fund for reporting purposes in order to more accurately reflect utility activities. Solid Waste Collection Fund. Solid waste collection services are provided to the citizens through a combination of residential curbside pick-up and commercial container services. For Fiscal Year 1994, the Solid Waste Collection Fund showed net income of $799,630 as compared to a net loss of $24,234 in the prior fiscal year. Retained earnings increased 57.2% from $1,398,704 to $2,198,334. The majority of the increase can be attributed to the $708,517 increase in earnings in joint venture, to rate adjustments for residential and commercial customers, and to customer growth. Summary financial information of the combined utility enterprise operations for the fiscal year ended September 30, 1 994, with comparison to the previous fiscal year, is as follows: Operating Revenues: Electric Water Sewer Solid Waste Collection Charges for Services Other Operating Expenses: Wholesale Purchased Power Salaries and Benefits Supplies, Maintenance and Services Reimbursed Administrative Depreciation and Amortization Other Nonoperating Revenues (Expenses): Interest Earnings Interest Expense Other, Net Operating Transfers In Transfer to General Fund for Return of Investment Extraordinary Loss on Refunding Net Income -11 - Fiscal Year Ended 9/30/94 $ 32,658, 787 5,843,051 5,027,766 3,002,046 590, 127 1,169,314 22,693,021 5,597,046 5,253,248 2,413,819 2,742,680 233,586 1,044,064 (2,215,996) 767,329 0 (4,407, 529) 0 $ 4,545,559 Fiscal Year Ended 9/30/93 $ 28,464,801 5,734,669 4,587,982 2,570,879 546,693 897,823 19,334,322 5,094,683 4,543,946 2;361,698 2,598,954 44,291 1, 158, 716 (2, 118,495) (103,011) 1,950 (4,268,454) (129,938) $ 3,365,721 Employee Benefits Fund. The City of College Station has a partially self..-insured employee benefits plan providing medical and dental insurance to employees and their families. The City annually purchases both specific and aggregate stop-loss insurance to protect the financial integrity of the plan. The plan is funded through monthly premiums of $1 80 paid by operating departments for each employee and $190 monthly paid by employees electing dependent coverage. During fiscal 1994, the plan had a net loss of $13,183, as compared to a net income of $31,991 in fiscal 1993. Cost containment measures continue to be implemented as well as increases in premiums in order to bring the fund to self-sufficiency. Workers' Compensation Fund. The City of College Station has a partially self-insured workers' compensation fund that is used to account for the costs of employee claims for injuries/illnesses resulting at or from the workplace. The revenues of the fund are derived from premium charges to the various departments based on actuarial analysis of risks. The fund had a net increase of $151,523 in retained earnings for 1994 as compared to a net income of $32, 74 7 in 1993. Unemployment Fund. The City's unemployment fund is a fully self-insured fund used to account for expenses related to claimsJrom persons who become unemployed. The fund's revenues are derived from premiums based on 0. 5 % of salaries paid during a fiscal year. Net income for 1994 was $15,883 versus $29,299 in 1993. Property and Casualty Fund. The Property and Casualty Fund is funded through property/casualty insurance . premiums for a partially self-insured program of the City. Premiums are adjusted annually to meet the expenses of the fund and are based on an actuarial review of the various City departments. Net income for the fund in 1994 was $57,982 as compared to a net income of $74,514 in 1993. Fleet Replacement Fund. The Fleet Replacement Fund was established as of October 1, 1991. In fiscal year 1994, the name of the fund was changed to the Equipment Replacement Fund. The revenues of the fund are derived as rents charged the departments for the various pieces of equipment used. Net income of the fund was $882,943 for 1994 versus $806, 1 77 for 1993. Landfill Fund. The landfill operations of the City are paid for by contract with the Brazos Valley Solid Waste Management Agency ("BVSWMA") as referred to above. The contract calls for the City to recover all costs associa.ted with providing the services offered by the Landfill Operations Division. This activity is not intended to be revenue generating for the City; therefore, the operating margin is monitored in order to attempt to maintain retained earnings at a very low level. This fund recorded a net loss of· $199,625 in fiscal year 1994 as compared to net income of $46,500 for fiscal year 1993. Debt Administration. As of September 30, 1994, the City had a total of $20,808,340 in General Obligation Bonds, Certificates of Obligation, Contract Obligations and other debt relating to Governmental Fund types. That debt of $369 per capita is serviced by revenues from the local property tax. Under current state statutes, the City's ability to increase the mill levy for property taxation is subject to a maximum cap of· $2.50 per $100 valuation. The Utility Funds have an additional $24,694,917 in total debt serviced through utility charges. Cash Management. All investment activity of the City is handled in accordance with Resolution 4-12-90-5.5, authorizing and implementing the City of College Station Investment Policy. The Investment Policy, established as required by state law and in conformity with state investment statutes, ensures the safety of all funds entrusted to the City, ensures the availability of those funds for the payment of all necessary obligations of the City, and - 12 - provides for the investment of funds in interest-bearing securities. Safety of the principal invested is always the primary concern. In 1988, the City began separating investment activities from traditional banking services. Regular banking services are handled under a three-year depository agreement effective October 1, 1 991, with First American Bank. The City currently invests funds in the full range of investments allowable under state law. Accounts have been established with major brokerages for the purchase and sale of U.S. Government obligations by the City. All purchases and sales of securities are delivery-versus-payment through a safekeeping account at the City's third-party bank. As of September 30, 1994, the City's investment portfolio consisted of the following: Bank Demand Accounts State Investment Pool Insured Certificates of Deposit U.S. Government Obligations Government Agency Notes Total $ 1,012,070 5,896,623 52, 116 11,816,993 13,468,319 $ 32,246, 121 The City earned $1,854,694 on an average investment balance of approximately $31.1 million, a rate of return of 5.96%, for the year ended September 30, 1994. Compared to prior years' earnings and a market benchmark, the City's investment yield was: 10.00% 8.00% 6.00% 0.00% '91 RATES OF RETURN 192 193 Fiscal Year Actual 0 1 0-Bill Index 194 Investment results on the portfolio are compared to The Public Investor 1 0 bill index. This hypothetical portfolio consists of ten treasury bills with an average maturity of 80 days. Every Thursday a T-Bill matures and proceeds are reinvested alternately in three month and six month T-Bills. This rolling index provides a benchmark for evaluating risk-free cash management portfolios with short-term liquidity needs for payroll and accounts payable. In accordance with normal investment reporting, rates of return do not include unrealized capital gains, that is, year-end market values higher than the original cost of a security held at the end of a fiscal year. If these unrealized capital gains of $95,370 are added to investment income, fiscal 1994 rate of return was approximately 6.27 %. - 13 - Risk Management. The City's insurance programs are administered by the Risk Management Division of the Finance Department. The City's workers' compensation claims are handled by Old Republic Insurance Company. Property and liability claims are paid from a self-insurance reserve fund carried to provide for claims of $25,000 or less with third party carriers providing for claims in excess of that amount. Safety programs are coordinated on an ongoing basis by the Risk Manager. OTHER INFORMATION . Independent Audit. State statutes require an annual audit by independent certified public accountants. The accounting firm of Ingram, Wallis & Company, P. C. has been retained by the City Council for this function. In addition to meeting the requirements set forth in state statutes, the audit also was designed to meet the requirements of the federal Single Audit Act of 1984 and related OMB Circular A-128. The independent auditors' report on the general purpose financial statements and combining, individual fund and account group statements and schedules is included in the financial section of this report. The auditors' reports related specifically to the single audit are issued separately. 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, 1993. 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 government unit must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such CAFR 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 twelve of the last thirteen years. We believe our current report continues to conform to the Certificate of Achievement program requirements, and we are �ubmitting it to the GFOA. Acknowledgments. The preparation of this report on a timely basis could not have been accomplished without the efficient and dedicated services of the entire staff of the Finance Department. We would like to express our appreciation to all members of the department who assisted and contributed to its preparation. We would also like to thank 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. Finally, we would like to thank our auditors, Ingram, Wallis & Company, P. C., whose professional expertise and advice have resulted in continuing improvements in the quality of the City's financial reporting. Respectfully submitted, -14 - Glenn Schroeder Executive Director Fiscal and Human Resources Certificate of Achievement for Excellence in Financial Reporting Presented to City of College Station, Texas For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 1993. 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 ff!?�� Executive Director - 1 5 - APPOINTED BOARDS EXECUTIVE DIRECTOR FISCAL/HUMAN RESQJRCES FINANCE BUDGET & EVALUATION ACCOUNTING/PAYROLL PURCHASING HUMAN RESOURCES RISK MANAGEMENT MUNICIPAL COURT CITIZENS OF COLLEGE STATION MAYOR AND CITY CClJNC t L MUNICIPAL JOOGE CITY ATTORNEY CITY MANAGER ASSISTANT CITY MANAGER ASSISTANT CITY MANAGER CC114UNITY SERVICES GROUP OPERATIONS GRCIJP POLICE PUBLIC UTILITIES FIRE TECHNICAL SERVICES DEVELOPMENT SERVICES ELECTRIC SERVICES PUBLIC SERVICES WATER UTILITIES FLEET SERVICES WASTEWATER UTILITIES SOLID.WASTE COLLECTION PARKS & RECREATION LANDFILL OPERATION - 16 - CITY SECRETARY EXECUTIVE DIRECTOR NAGEMENT SERVICES GRClJP PUBLIC RELATIONS/ MARKETING MANAGMENT INFORMATION UTILITY BILLING SERVICES FACILITIES MAINTENANCE ENERGY MANAGEMENT LIBRARY Elected Officials: CITY OF COLLEGE STATION, TEXAS PRINCIPAL CITY OFFICIALS September 30, 1 994 Mayor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Larry J. Ringer Council Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nancy Crouch .................................................... Bill Fox . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . David Hickson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Hubbard Kennady· . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Larry Mariott ............................................ Lynn R .. Mcllhaney City Administration:· City Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ron Ragland Assistant City Manager for Community Services Group . . . . . . . . . . . . . . . . . . . . . . . Thomas E. Bryme_r Assistant City Manager for Operations G roup .............. John C. Woody Executive Director for Management Services Group . . . . . . . . . Linda S. Piwonka Executive Director for Fiscal and Human Resources Group . . . . . . . . . . . . . . . . . . . . . . . . . . Glenn Schroeder Director of Development Services . . . . . . . . . . . . . . . . . . . . . . . . Elrey B. Ash Fire Chief .................................... William L. Kennedy Director of Parks and Recreation . . . . . . . . . . . . . . . . . . . . . Stephen C. Beachy Personnel Director .... . · . . . . . . . . . . . . . . . . . . . . . . . . . Karen N. Pavlinski Police Chief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . Edgar R. Feldman Director of Public Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mark Smith City Attorney .................................... Catherine Locke City Secretary ................................... Connie L. Hooks - 17 - -18 - FINANCIAL SECTION - 19 - -20 - James D. Ingram, III Thomas A. Wallis Agnes L. Bennett Judith W. Childs James D. Ingram, IV Richard L. Webb Wendi M. Stratta Pu-Yu (Peggy) Wang Diane E. Kruse Steven J. Little INGRAM, WALLIS & COMPANY A PROFESSIONAL CORPORATION Certified Public Accountants 2100 Villa Maria, Suite 100 BRYAN, TEXAS 77802 INDEPENPENT·AUPITQRS' REPORT Mayor Larry Ringer, Members of City Council and Interim City Manager of the City of College Station, Texas TELEPHONE (409) 776-2600 TELECOPIER (409) 774-7759 We have audited the accompanying general purpose financial statements of the City of College Station, Texas ("City"), as of September 30, 1994, and for the year then ended, as listed in the foregoing table of contents. These general purpose financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these general purpose financial statements based on our audit. we conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the general purpose financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating. the overall general purpose financial statement presentation. We believe that our audit provide a reasonable basis for our opinion. In our opinion, the general purpose financial statements ref erred to above present fairly, in all material respects, the financial position of the City of College Station, Texas, as of September 30, 1994, and the results of ite operations and the cash flows of its proprietary and similar trust fund types for the year then ended in conformity with generally accepted accounting principles. - 21 - our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The supplemental financial information listed in the foregoing table of contents is presented for purposes of additional analysis and is not a required part of the general purpose financial statements of the City of College Station, Texas. Supplemental financial information is also the responsibility of the City's management. Such supplemental financial information has been $Ubjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly presented in all material respects in relation to the general purpose financial statements taken as a whole. The accompanying statistical tables, listed in the foregoing table of contents, were not audited by us �nd, accordinqly, we express no opinion on them. Bryan, Texas February 10, 1995 -22 - - 23 - CITY OF COLLEGE STATION, TEXAS COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS SEPTEMBER 30, 1 994 (With comparative totals for the fiscal year ended September 30, 1993) Governmental Fund Types Special Debt Capital General Revenue Service Projects Assets and Other Debits Assets: Equity in Cash and Cash Equivalents (Note 2) $ 850,385 $ 214,321 $ 320, 181 $ 980,567 Equity in Investments (Note 2) 2,758,292 695,263 1.,044,031 3,212,000 Receivables: Accrued Interest 159,890 38,239 105,703 121,325 Grants 46,576 304,798 0 0 Letter of Credit 25,000 25,425 0 0 Accounts 260,938 8,896 0 0 Special Assessments 138,471 0 0 0 Delinquent Property Taxes (Note 3) 79,563 0 202,574 0 State Sales Tax (Note 1) 800,863 0 0 0 Notes and Loans (Note 4) 41,221 209,467 424,435 0 Other 48, 190 0 0 0 Less Allowance for Uncollectible Accounts (230,607) (4,358) 0 0 Due from Other Funds 200,731 0 0 0 lnterfund Receivable (Note 2) 0 0 0 0 Inventories 167,275 0 0 0 Prepaid Costs 2,863 0 0 1,000 Restricted Assets: Equity in Cash and Cash Equivalents (Note 2) 546, 191 0 0 0 Equity in Investments (Note 2) 1,833, 114 0 0 0 Receivables: Accrued Interest 41,974 0 0 0 Accounts 1,430 0 0 0 Special Assessments 0 0 0 0 Note Receivable from Joint Venture 0 0 0 0 Equity in.Joint Venture (Note 13) 0 0 0 0 Advance to Other Funds (Note 17) 0 0 0 0 Deferred Charges, Net (Note 19) 0 0 0 0 Property and Equipment, Net (Note 5) 0 0 0 0 Property Held for Resale 0 92,000 0 0 Other Debits: Amount Available for Retirement of Bonded . Indebtedness 0 0 0 0 Amount to be Provided for: Accrued Vacation Leave 0 0 0 0 Retirement of Bonded Indebtedness 0 0 0 0 Total Assets $ 7,772,360 $ 1,584,051 $ 2,096,924 $ 4,314,892 - 24 - $ $ Proprietary Fund Types Enterprise Internal Service 2,700,790 $ 506,704 8,806,621 1,468,800 551,738 72,253 0 0 0 0 5,481,088 45,576 0 0 0 0 0 0 0 0 575,009 0 (680,845) (1,070) 0 0 175,173 0 1,224,851 0 2,350 10,000 752,131 0 2,452,515 0 101,718 0 0 0 6,072 0 673,996 0 949,673 0 829, 184 0 369,721 0 72,289,099 2, 164,026 0 0 0 0 0 0 0 0 97,260,884 $ 4,266,289 $ $ Account Groups General Fixed Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 58,404,713 0 0 0 0 58,404, 713 General Long-Term Debt $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .o 0 0 1,260,500 610,671 19,547,840 $ 21,419,011 (Continued) $ $ Totals (Memorandum Only) 1994 1993 5,572,948 $ 4,566,957 17,985,007 16,726,615 1,049, 148 871,563 351,374 165,574 50,425 50,425 5,796,498 5,835,409 138,471 148,044 282, 137 324,685 800,863 644,347 675, 123 768,092 623, 199 603,422 (916,880) (849,926) 200,731 0 175,173 163,922 1,392, 126 1,646,620 16,213 20,993 1,298,322 1,722,922 4,285,629 6,414, 796 143,692 193,416 1,430 52,692 6,072 1,865 673,996 758,599 949,673 295,597 829, 184 1,004,357 369,721 401,530 132,857,838 119,611,313 92,000 0 1,260,500 871,871 610,671 579,331 19,547,840 18,142,514 197,119,124 $ 181, 737,545 The notes to the general purpose financial statements are an integral part of this statement. -25 - CITY OF COLLEGE STATION, TEXAS COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS SEPTEMBER 30, 1994 (With comparative totals for the fiscal year ended September 30, 1 993) · (Continued) Governmental Fund Types Special Debt General Revenue Service Liabilities, Equity and Other Credits Liabilities: Accounts Payable $ 204, 139 $ 167,904 $ 0 Due to Other Funds 0 180,897 0 Accrued Interest Payable 0 0 0 Retainage Payable 20,211 44,077 0 lnterfund Payable (Note 17) 0 0 0 Refundable Deposits 1,325 13,682 0 Claims Payable 0 0 0 Obligation Under Capital Lease--Current (Note 12) 0 0 0 Accrued Liabilities 400,380 5,488 17,316 Customer Construction Advances 85,766 0 0 Other Deferred Revenues 549,567 213,929 697,853 Liabilities Payable from Restricted Assets: Accounts Payable 4, 130 0 0 Accrued Interest Payable 0 0 0 Retainage Payable 26,625 0 0 Refundable Deposits 0 0 0 Revenue Bonds (Note 6) 0 0 0 General Obligation Bonds (Note 6) 0 0 0 Certificates of Obligation (Note 6) 0 0 0 Miscellaneous Accrued Liabilities 25 0 0 Long-Term Debt (Note 6): Revenue Bonds 0 0 0 Unamortized Premium on Bonds 0 0 0 General Obligation Bonds 0 0 0 Certificates of Obligation 0 0 0 Obligation Under Capital Lease (Note 12) 0 0 0 Advances from Other Funds (Note 17) 0 0 0 Accrued Vacation 0 0 0 Total Liabilities 1,292, 168 625,977 715,169 Equity and Other Credits: Contributed Capital 0 0 0 Investment in General Fixed Assets 0 0 0 Retained Earnings (Deficit): Reserved (Note 15) 0 0 0 Unreserved (Note 22) 0 0 0 Fund Balances: Reserved (Note 15) 2,439,825 180,719 1,381, 755 Unreserved: Designated for Subsequent Years' Expenditures 125,908 436,691 0 Undesignated 3,914,459 340,664 0 Total Equity and Other Credits 6,480, 192 958,074 1,381, 755 Total Liabilities, Equity and Other Credits $ 7,772,360 $ 1,584,051 $ 2,096,924 - 26 - Capital Projects $ 288,624 0 0 56,729 0 0 0 0 0 75,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 420,353 0 0 0 0 1,936,276 332,088 1,626, 175 3,894,539 $ 4,314,892 Totals Proprietary Fund Types Account Groups (Memorandum Only) Internal General General Enterprise Service Fixed Assets Long-Term Debt 1994 1993 $ 2,775,336 $ 188,203 $ 0 $ 0 $ 3,624,206 $ 4,672,452 0 19,834 0 0 200,731 0 7,583 0 0 0 7,583 0 4,793 0 0 0 125,810 127,279 175,173 0 0 0 175,173 163,922 0 0 0 0 15,007 16,607 0 420,967 0 0 420,967 473,910 227,960 0 0 0 227,960 494,221 407,589 66 0 0 830,839 694,822 26,582 0 0 0 187,348 100,597 3, 110 0 0 0 1,464,459 1,413,325 513,359 0 0 0 517,489 275,524 338,260 0 0 0 338,260 397,537 118,777 0 0 0 145,402 189,846 1,800,972 0 0 0 1,800,972 . 1,834,449 2,625,000 0 0 0 2,625,000 2,335,000 378,870 0 0 0 378,870 378,955 26,200 0 0 0 26,200 26,200 0 0 0 0 25 22 19,210,000 0 0 0 19,210,000 21,835,000 7,737 0 0 0 7,737 8,149 1,017,790 0 0 17,028,340 18,046, 130 20,411,045 104,800 0 0 3,780,000 3,884,800 131,000 1, 104,297 0 0 0 1, 104,297 1,332,257 829, 184 0 0 0 829, 184 1,004,357 207,895 16,280 0 610,671 834,846 787,957 31,911,267 645,350 0 21,419,011 57,029,295 59, 104,433 16,964,522 0 0 0 16,964,522 10,704, 165 0 0 58,404, 713 0 58,404,713 55,670, 181 4, 120,436 0 0 0 4, 120,436 15,135,172 44,264,659 3,620,939 0 0 47,885,598 31,773,532 0 0 0 0 5,938,575 2,818, 798 0 0 0 0 894,687 1,974,960 0 0 0 0 5,881,298 4,556,304 65,349,617 3,620,939 58,404,713 0 140,089,829 122,633, 112 $ 97,260,884 $ 4,266,289 $ 58,404, 713 $ 21,419,011 $ 197,119,124 $ 181, 737,545 The notes to the general purpose financial statements are an integral part of this statement. - 27 - CITY OF COLLEGE STATION, TEXAS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Totals (Memorandum Only) Special Debt Capital General Revenue Service Projects 1994 1993 Revenues: Truces $ 11,220,759 $ 1, 185,648 $ 3,634,353 $ 0 $ 16,040,760 $ 14,482,457 Licenses and Pemits 557,440 0 0 0 557,440 445,585 Grants 39,723 1,203,029 0 0 1,242,752 920,253 Charges for Services 1,066,268 37,795 0 0 1,104,063 904,004 Fines, Forfeits, and Penalties 915, 126 1, 157 0 0 916,283 894,476 Special Assessments 4,779 0 0 0 4,779 98,358 Interest on Investments 296,596 60,157 86,177 163,960 606,890 803,407 Rents and Royalties 104,054 93,309 0 0 197,363 136,271 Loan Repayments 15,728 10,286 99,514 0 125,528 87,046 Interest on Loans 0 9,355 0 0 9,355 9,059 Contributions 8,296 83,700 0 0 91,996 106,516 Reirrbursed Expenses 10,497 0 0 10,000 20,497 4,488 Other 95,312 25,995 0 374 121,681 109,368 Total Revenues 14,334,578 2, 710,431 3,820,044 174,334 21,039,387 19,001,288 Expenditures: Current: General Government 806,498 0 0 0 806,498 723,721 Fiscal and Human Resources 1,644,909 0 0 0 1,644,909 1,539,352 Comnmity Services Adninistration 141,875 0 0 0 141,875 143,412 Police 4,715,064 0 0 0 4,715,064 4,054,244 Fire 3,454,391 0 0 0 3,454,391 3,331,309 Development Services 1,803,898 0 0 0 1,803,898 1,476, 181 Parks 3,083,389 0 0 0 3,083,389 2,838,541 Public Services 2,533,983 0 0 0 2,533,983 2,266,145 Management Services 1,526,388 0 0 0 1,526,388 1,407,245 Library Services 282,255 0 0 0 282,255 283,478 Housing Rehabilitation 0 550,144 0 0 550,144 360,629 Reirrbursed Adninistrative (2,886,557) 663,087 0 111,204 (2, 112,266) (2, 194,258) Salaries and Benefits 0 0 0 0 0 18,884 Supplies 0 0 0 0 0 35,787 Purchased Professional Services 0 0 0 0 0 47,728 Purchased Property Services 0 0 0 0 0 3,876 Other Purchased Services 0 0 0 0 0 86,870 Special Programs and Projects 0 180,932 0 0 180,932 46,528 (continued) - 28 - CITY OF COLLEGE STATION, TEXAS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) (Continued) Totals (Memorandum Only) Special Debt Capital General Revenue Service Projects 1994 Public Agency Funding $ 107,730 $ 737,213 $ 0 $ 0 $ 844,943 Contributions 0 0 0 0 0 Interim Assistance 0 5,434 0 0 5,434 Inventory Adjustment 0 0 0 0 0 Clearance 0 32,410 0 0 32,410 Other 143,724 10, 145 0 0 153,869 Capital Outlay 1, 120,536 362,465 0 1,565,348 3,048,349 Debt Service: Principal Retirement 0 0 2,066,045 0 2,066,045 Interest Payments 0 0 1,244,123 0 1,244, 123 Rscal Charges 0 0 10,754 0 10,754 Total Expenditures 18,478,083 2,541,830 3,320,922 1,676,552 26,017,387 Excess (Deficiency) of Revenues Over (Under) Expenditures (4, 143,505) 168,601 499,122 (1,502,218) (4,978,000) Other Rnancing Sources (Uses): Proceeds from Long-Term Debt (Note 6) 2,680,000 0 0 1,180,000 3,860,000 Sale of General Rxed Assets 40,470. 0 0 0 40,470 Operating Transfers In (Note 11) 4,407,529 0 10,762 819,000 5,237,29J Operating Transfers Out (Note 11) (445,000) (384,762) 0 0 (829,762) Total Other Rnancing Sources (Uses) 6,682,999 (384,762) 10,762 1,999,000 8,307,999 Excess (Deficiency) of Revenues and Other Rnancing Sources Over (Under) Expenditures and Other Rnancing Sources (Uses) 2,539,494 (216,161) 509,884 496,782 3,329,999 Fund Balances, October 1 3,940,698 . 1, 174,235 871,871 3,397,758 9,384,562 Fund Balances, Septerrber 30 $ 6,480,192 $ 958,074 $ 1,381,755 $ 3,894,540 $ 12,714,561 The notes to the general purpo se fin an ci al statements are an integral part of this st atement. -29 - $ $ 1993 867,036 25,000 5,148 11,660 16,249 161,094 3,650,712 2, 111,906 1,390,017 6,982 24,715,476 (5, 714, 188) 0 68,213 4,691,755 (425,251) 4,334,717 (1,379,471) 10,729,533 9,350,062 CITY OF COLLEGE STATION, TEXAS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) GENERAL, SPECIAL REVENUE, DEBT SERVICE, AND CAPITAL PROJECTS FUNDS For the Fiscal Year Ended September 30, 1994 General Fund Special Revenue Funds Variance Variance Favorable Favorable Budget Actual {Unfavorable! Budget Actual {Unfavorable! Revenues: Taxes 10,908,142 $ 11, 164,505 $ 256,363 $ 1,153,100 $ 1,185,648 32,548 Licenses and Pennits 371,700 557,440 185,740 0 0 0 Grants 27,000 39,723 12,723 1,589,000 1,203,029 (385,971) Charges for Services 760,620 1,066,267 305,647 0 37,795 37,795 Fines, Forfeits, and Penalties 881,600 915, 126 33,526 0 1,157 1,157 Special Assessments 20,000 4,779 (15,221) 0 0 0 Interest on Investments 197,000 258,518 60,718 33,000 60,157 27,157 Rent and Royalties 52,100 104,054 51,874 00,000 93,309 13,309 Loan Repayments 0 15,728 15,728 0 10,286 10,286 Interest on Loans . 5,000 3,158 (1,842) 0 9,355 9,355 Contributions 0 6,996 6,996 5,ooo· 83,700 78,700 Reimbursed Expenses 0 10,497 10,497 0 0 0 Collection Service Fees 18,000 41,840 23,840 0 0 0 Sale of Cemetery Lots 18,000 19,267 1,267 0 0 0 Other 8,000 23,030 14,230 10,000 25,995 15,995 Total Revenues 13,268,842 14,230,928 962,086 2,870,100 2,710,431 (159,669) Expenditures: Current General Government 831,722 006,504 25,218 0 0 0 Fiscal and Human Resources 1,772,629 1,644,913 127,716 0 0 0 Community Services Administration 143,788 141,875 1,913 0 0 0 Police 4,746,866 4,715,069 31,797 0 0 0 Fire 3,572,471 3,458,589 113,882 0 0 0 Development Services 2,042,546 1,814,447 228,099 0 0 0 Parks 3,261,796 3,083,243 178,553 0 0 0 Public Services 2,660,017 2,533,992 126,025 0 0 0 Management Services 1,644,654 1,470,133 174,521 0 0 0 Library Services 293,706 282,253 11,453 0 0 0 Nondepartmental: Housing Rehabilitation 0 0 0 1,063,151 550,144 513,007 Reimbursed Administrative (3, 107, 168) (2,981,007) (126,161) 867,891 663,087 204,004 Special Programs and Projects 0 0 0 190,905 100,932 9,973 Public Agency Funding 111,955 107,730 4,225 763,167 737,213 25,954 Interim Assistance 0 0 0 7,500 5,434 2,066 Acquisitions 0 0 0 90,000 0 90,000 Clearance 0 0 0 115,733 32,410 83,323 Planning 0 0 0 15,000 0 15,000 Economic Development 0 0 0 1,000 0 1,000 Contributions 0 0 0 0 0 0 Other 0 519 (519) 0 10,145 (10,145) Capital Outlay 632,233 538,466 93,767 1,120,669 362,465 758,204 Expected Expenditure Savings (643,000) 0 (643,000) 0 0 0 Contingency 25,231 0 25,231 8,195 0 8,195 Debt Service: Principal 0 0 0 0 0 0 Interest and Fiscal Charges 0 0 0 0 0 0 Total Expenditures 17,989,446 17,616,726 372 720 4 243 211 2,541,830 1 701 381 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,720,604) (3,385, 798) 1,334,006 (1,373,111) 168,601 1,541,712 Other Financing Sources (Uses): Proceeds from Long-Tenn Debt Issuance 0 0 0 0 0 0 Premium on BOnds Sold 0 0 0 0 0 0 Operating Transfers In 4,407,529 4,407,529 0 0 0 0 Operating Transfers Out (445,000) (445,000) 0 (384,762) (384,762) 0 Sale of General Fixed Assets 2,000 40,470 38,470 0 0 0 Total Other Financing Sources (Uses) 3,964,529 4,002,999 38,470 (384,762) (384,762) 0 Excess (Deficiency) of Revenues and Other Financing Sources (Uses) Over (Under) Expenditures and Other Uses (756,075) 617,201 1,373,276 (1,757,873) (216,161) 1,541,712 Fund Balances, October 1 2,977,770 4,313,752 1,335,982 405,783 1,174,235 768,452 Fund Balances, September 30 $ 2,221,695 $ 4,930,953 2,709,258 (1,352,090) $ 958,074 $ 2,310,164 -30 - $ Debt Service Fund Caeital Projects Funds Variance Variance Favorable Favorable Budget Actual {Unfavorable! Budget Actyal {Unfavorable! 3,521,275 3,634,353 113,078 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 115,000 86,177 (28,823) 307,300 163,900 (143,340) 0 0 0 0 0 0 99,514 99,514 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,000 10,000 0 0 0 0 0 0 0 0 0 .0 0 0 0 0 0 0 374 374 3,735,789 3,820,044 84255 307,300 174 334 (132,966) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 159,900 111,204 48,756 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,740,107 1,565,348 4,174,759 0 0 0 0 0 0 0 0 0 0 0 0 2,194,672 2,066,045 128,627 0 0 0 1,399,447 1,254,877 144 570 0 0 0 3,594,119 3,320,922 273 197 5,900,067 1,676,552 4,223,515 141,670 499,122 357,452 {5,592,767) (1,502,218) 4,090,549 0 0 0 4,774,000 1,100,000 (3,594,000) 0 0 0 0 0 0 0 10,762 10,762 714,000 819,000 105,000 0 0 0 0 0 0 0 0 0 0 0 0 0 10,762 10,762 5,488,000 1,999,000 (3,489,000) 141,670 509,884 368,214 (104,767) 496,782 001,549 230 676 871 871 641 195 3,885,000 3,397,758 !487,242! 372,346 1,381,755 $ 1,009,409 $ 3,700,233 3,894,540 $ 114,307 The notes to the general purpose financial statements are an integral part of this statement. - 31 - CITY OF COLLEGE STATION, TEXAS COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS ALL PROPRIETARY FUND TYPES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Totals (Memorandum Only) Internal Enterprise Service 1994 1993 Operating Revenues: Charges for Services $ 47,121,777 $ 2,310,678 $ 49,432,455 $ 45, 136,444 Premiums 0 2,842,997 2,842,997 2,483,634 Other 1,169,314 13 302 1,182,616 897,823 Total Operating Revenues 48,291,091 5, 166,977 53,458,068 48,517,901 Operating Expenses: Purchased Power {Note 8) 22,693,021 0 22,693,021 19,334,322 Salaries and Benefits 5,597,046 515,679 6, 112, 725 5,477,451 Supplies 550,455 92,370 642,825 539,254 Maintenance 966,613 135,916 1, 102,529 1,029,451 Purchased Professional Services 777,224 340,839 1,118,063 1,052,597 Purchased Property Services 1,926,294 64,236 1,990,530 1,854,374 Other Purchased Services 1,032,662 36,484 1,069, 146 932,045 Claims 0 1,878,846 1,878,846 1,530,319 Administration Fees 0 124, 793 124, 793 108,393 Premiums 0 566,790 566,790 592,949 Reimbursed Administrative 2,413,819 288,266 2,702,085 3,587,086 Depreciation 2,742,680 323,577 3,066,257 2,764,840 Other 233,586 25,927 259,513 68 140" Total Operating Expenses 38,933,400 4,393,723 43,327, 123 38,871,221 Operating Income 9.357.691 773 254 10. 130,945 9.646.680 Nonoperating Revenues (Expenses): Interest Earnings 1,044,064 125,673 1,169,737 1,358,493 Reimbursed Expenses 176,699 2,585 179,284 170,771 Contributions 5,000 0 5,000 0 Earnings (loss) in Joint Venture 654,076 0 654,076 (54,441) Interest Expense (2,21 5,996) (4,452) (2,220,448) (2, 118,495) Other, Net (68A46l (1,537! !69,983! (219,617! Total Nonoperating Revenues (Expenses) (404,603) 122,269 (282,334) (863,289) Income Before Operating Transfers 8,953,088 895,523 9,848,611 8, 783,391 Operating Transfers: Operating Transfers In 0 0 0 57,430 Operating Transfers Out !4,407,529} 0 !4,407,529} !4,323,934) Total Operating Transfers (4,407,529) 0 (4,407,529) (4,266,504) Income Before Extraordinary Item 4,545,559 895,523 5,441,082 4,516,887 Extraordinary Item -Loss on Refunding 0 0 0 (129,938! Net Income 4,545,559 895,523 5,441,082 4,386,949 Retained Earnings, October 1, As Restated (Note 22) 43,839,536 2, 7.25,416 46,564,952 42,521,755 Retained Earnings, September 30 $ 48,385,095 $ 3,620,939 $ 52,006,034 $ 46,908,704 The notes to the general purpose financial statements are an integral part of this statement. -32 - -33 - CITY OF COLLEGE STATION, TEXAS COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Totals (Memorandum Only) Enterprise Internal Service Funds Funds 1994 1993 Cash Flows from Operating Activities: Cash Received from Customers $ 48,303, 193 $ 5,284,075 $ 53,587,268 $ 47,847,443 Cash Payments to Suppliers for Goods and Services (30,534, 100) (4,006,404) (34,540,504) (31,641,674) Cash Payments to Employees for Services (5,510,125) (522, 178) (6,032,303) (5,427,345) Customer Deposits Received 752,813 0 752,813 889,240 Customer Deposits Returned (786,290) 0 (786,290) (952,873) Cash Received from Contributions 5,000 0 5,000 0 Cash Received for Reimbursed Expenses 63,051 2,585 65,636 108,392 Cash Received from Sale of Scrap 9,513 0 9,513 18,633 Cash Received from Collection Fees 6,676 0 6,676 6,525 Cash Received from Leases 11,587 0 11,587 9,515 Cash Received from Miscellaneous Revenues 119,470 2,366 121,836 211, 768 Cash Received from Other Funds 0 19,834 19,834 0 Cash Paid for Special Projects (2, 192) 0 (2, 192) (49,418) Cash Paid for Miscellaneous Expenses (15,511) !3,850) (19,361) (11 737) Net Cash Provided by Operating Activities 12,423,085 776,428 13,199,513 11,008,469 Cash Flows from Noncapital Financing Activities: Principal Received on Note 84,603 0 84,603 78,220 Interest Received on Note 59,029 0 59,029 62,852 Principal Received on Advance to Other Funds 163,922 0 163,922 1 !:>3,393 Interest Received on Advance to Other Funds 76, 106 0 76, 106 86,635 Operating Transfers In from Other Funds 0 0 0 57,430 Operating Transfers Out to Other Funds (4,407,529) 0 (4,407,529) (4,323,934) Cash Paid to Public Agencies (181,000) 0 (181,000) (206,000) Interest Paid to Other Funds 0 !4,4521 !4,4521 0 Net Cash Used for Noncapital Financing Activities (4,204,869) (4,452) (4,209,321) (4,091,404) Cash Flows from Capital and Related Financing Activities: Acquisition/Construction of Capital Assets (6,272,517) (1,340,962) (7,613,479) (6, 191,307) Proceeds from Sale of Capital Assets 34,726 0 34,726 22,012 Capital Contributed by Developers 36,041 0 36,041 64,053 Principal Paid on Revenue Bonds (2,335,000) 0 (2,335,000) (2,375,000) Principal Paid on General Obligation Bonds (378,955) 0 (378,955) (370,795) Principal Paid on Certificates of Obligation (26,200) 0 (26,200) (26,200) Principal Paid on Obligation under Capital Lease (494,221) 0 (494,221) (451,983) Principal Paid on Advance to Other Funds (163,922) 0 (163,922) (153,393) Interest Paid on Revenue Bonds (1,816, 148) 0 (1,816, 148) (1, 720,928) Interest Paid on General Obligation Bonds (73, 120) 0 (73, 120) (125,450) Interest Paid on Certificates of Obligation (18,864) 0 (18,864) (22,008) Interest Paid on Obligation Under Capital Lease (98,778) 0 (98,778) (141,016) Interest Paid on Advance to Other Funds (76, 106) 0 (76, 106) (86,635) Interest Paid to Other Funds (192,259) 0 (192,259) 0 Fees Paid to Fiscal Agent (6,616) 0 (6,616) (5,477) Proceeds from Revenue Bonds 0 0 . 0 4,568,094 Net Cash Used for Capital and Related Financing Activities (11,881,939) (1,340,962) (13,222,901) (7,016,033) (Continued) - 34 - CITY OF COLLEGE STATION, TEXAS COMBINED STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1 993) (Continued) Totals (Memorandum Only) Enterprise Internal Service Funds Funds 1994 1993 Cash Flows from Investing Activities: Purchase of Investments $ (9,477,480) $ (1,594,254) $ (11,071,734) $ (7,411,206) Proceeds from Sale and Maturities of Investments 11,976,067 2,021,335 13,997,402 9,565,683 Interest on Investments 894,557 135,478 1,030,035 986,890 Other 0 0 0 (276) Net Cash Provided By Investing Activities 3,393, 144 562,559 3,955,703 3,141,091 Net Increase (Decrease) in Cash (270,579) (6,427) (277,006) 3,042, 123 Cash and Cash Equivalents, October 1 3,723,500 513,131 4,236,631 1, 194,508 Cash and Cash Equivalents, September 30 $ 3,452,921 $ 506,704 $ 3,959,625 $ 4,236,631 Reconciliation of Operating Income to Net Cash Provided by.Operating Activities: Operating Income $ 9,357,691 $ 773,254 $ 10, 130,945 $ 9,646,680 Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 2,742,680 323,577 3,066,257 2,764,840 Amortization 14,255 0 14,255 6,695 Provision for Uncollectible Accounts 131,020 (1,355) 129,665 (185,244) Miscellaneous Revenues 334, 196 4,951 339, 147 (25,906) Miscellaneous Expenses (17,703) (3,850) (21,553) 111,860 Change in Assets and Liabilities: Change in Accounts Receivable 12, 102 117,098 129,200 (670,458) Change in Other Receivables (113,558) 0 (113,558) 193, 126 Change in Inventory 265,364 0 265,364 (271, 170) Change in Prepaid Costs 1,225 (6,200) (4,975) (2,975) Change in Accounts Payable (348,960) (370,696) (719,656) (588,235) Change in Due to Other Funds 0 19,834 19,834 0 Change in Claims Payable 0 (52,943) (52,943) 0 Change in Retainage Payable 0 (17,045) . (17,045) 17,045 Change in Accrued Liabilities 72,408 (14,563) 57;845 59,214 Change in Deferred Revenues (5,341) 0 (5,341) 7,903 Change in Refundable Deposits (33,477) 0 (33,477) (63,633) Change in Accrued Vacation 11, 183 4,366 15,549 8,727 Total Adjustments 3,065,394 3, 174 3,068,568 1,361,789 . Net Cash Provided by Operating Activities $ 12,423,085 $ 776,428 $ 13,199,513 $ 11 ,008,469 Noncash Financing, Capital and Investing Activities: During the fiscal year, the Water and Sewer Funds added capital contributed by developers in the amount of $3,659, 759 and $2,564,557, respectively. The notes to the general purpose financial statements are an integral part of this statement. -35 - - 36 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the City of College Station, Texas ("City"), have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the City's accounting policies are described below. A. REPORTING ENTITY The financial reporting entity is defined as ( 1) the primary government and (2) those component units for which the primary government is financially accountable. A primary government is financially accountable for the organizations that make up its legal entity. It is also financially accountable for the legally separate organizations if its officials appoint a voting majority of an organization's governing body and one or both of the following conditions are met: (a) the primary government is able to impose its will on the component unit or (b) the primary government's relationship with the component unit poses a real or potential financial benefit or .burden for the primary government. Moreover, financial accountability also is deemed to exist even in the absence of simple "accountability" (i.e., the appointment of a voting majority of the organization's governing body) if the component unit is financially dependent upon the primary government. A primary government has the ability to impose its will on an organization if it can significantly influence the programs, projects, or activities of, or level of services performed or provided by, the organization. A financial benefit or burden relationship exists if the primary government: (a) is entitled to the organization's resources; (b) is legally obligated or has otherwise assumed the obligation to finance the deficits of, or provide financial support to, the organization; or (c) is obligated in some manner for the debt of the organization. If an organization is unable to adopt its budget, levy taxes, or set rates or charges, or issue bonded debt without approval by the primary government, then it is deemed to be fiscally dependent on the primary government and is included as a component unit. Included within the reporting entity as a joint venture for the City is the Brazos Valley Solid Waste Management Agency. The Brazos Valley Solid Waste Management Agency ("BVSWMA") was created May 8, 1990, by the Cities of Bryan and College Station, Texas, to achieve economy of scale savings for the participants through joint ownership and use of regional waste management facilities. BVSWMA is governed by an Administrative Board of Trustees ("Board") comprised of the City Manager and a staff person from each city. In addition, the Mayors of each city serve alter�ating two-year terms on the Board, which has complete responsibility for the daily operating activities of BVSWMA. The BVSWMA annual budget is first approved by the BVSWMA Board and is then submitted for approval by both cities as a part of their regular budget process. - 37 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FORTHE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. FUND ACCOUNTING The City uses funds and account groups to report on its financial position and results of operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. An account gro.up, on the other hand, is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources. Funds are classified into three categories: governmental, proprietary, and fiduciary. Each category is divided into separate "fund types". The two broad fund categories used by the City in the accompanying financial statements are governmental and proprietary. The separate fund types are as follows: Governmental Fund Types The General Fund is the general operating fund of the City and is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital projects). · The Debt Service Fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds). Proprietary Fund Types Enterprise Funds are used to account for operations (a) that are financed and operated in a manner similar to private business enterprises -where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis are to be financed or recovered primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the City, or to other governments, on a cost-reimbursement basis. - 38 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The account groups used by the City in the accompanying financial statements are as follows: General Fixed Assets Account Group -This account group is established to account for all fixed assets of the City, other than those accounted for in the proprietary funds. General Long-Term Debt Account Group -This account group is established to account for all long-term debt of the City except that accounted for in the proprietary funds. General long-term debt of the City includes general obligation bonds, certificates of obligation and accrued vacation leave. · C. BASIS OF ACCOUNTING · The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental funds. are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operatfng statements of these funds present increases and decreases in net current assets. All proprietary funds are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and all liabilities associated with the operation of these funds are included on the balance sheet. Fund equity is segregated into contributed capital and retained earnings components. Proprietary fund-type operating statements present increases and decreases in net total assets. The modified accrual basis of accounting is used by all governmental fund types. Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual (i.e., when they become both measurable and available). 11Measurable 11 means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Those revenues susceptible to accrual are property taxes, franchise taxes, interest revenue and charges for services. Sales taxes collected and held by the State at year-end on behalf of the City are also recognized as revenue. Fines and permits are not susceptible to accrual becau·se generally they are not measurable until received in cash. Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule are the principal and interest on general long-term debt which are recognized when due, and accrued vacation leave which is recognized when expected to be liquidated with expendable available financial resources. All proprietary funds are accounted for using the accrual basis of accounting. Revenues in these funds are recognized when they are earned, and expenses are recognized when they are incurred. Utility customers are billed monthly on a cycle-billing basis with revenues recorded when customers are billed, except at year-end when unbilled revenues are accrued. - 39 - CITY OF COLLEGE STATION, TEXAS N·OTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. POWER COST RECOVERY The City is allowed to recover purchased power costs as power cost adjustments. This power cost recovery allows for the pass-through of power costs to the customers and has no impact on net income. The amount of any under or over recovered purchased power costs at year-end was not material. E. BUDGETS AND BUDGETARY ACCOUNTING The City follows these procedures in establishing the budgetary data reflected in the financial statements: 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 of financing them. 2) All budget requests are compiled by the Finance Department and 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 expenditure 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 $10,000. All other transfers must be approved by City Council. City Council may tra,nsfer amounts among individual budget line items ,within major expenditure categories during the year, but no such transfer may increase the overall total of the 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. 7) 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 which have not been expended or lawfully encumbered lapse at the end of the budget year. 8) Formal budgetary integration is legally enacted and employed as a management control device during the year for all funds. - 40 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1 � SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The General Fund budget is adopted on a basis that differs from GAAP, as follows: (a) The City does not include in General Fund budgetary amounts revenue or expenditure activity for the Fireman's Relief Fund, the Cemetery Perpetual Care Fund, or the College Station Business Park Fund which are combined with the General Fund for reporting purposes. (b) General Fund budgetary amounts do not include provisions for adjustments in inventory, the allowance for uncollectible accounts receivable, or the capitalization of salaries for capital improvements projects. Adjustments necessary to convert the General Fu rid revenues at September 30, 1 994, on the GAAP basis to the budgetary basis are as follows: Revenues and Other Financing Sources -GAAP Basis Reconciling Items: College Station Business Park Fund Revenues and Other Financing Sources Cemetery Perpetual Care Fund Revenues Fireman's Relief Fund Revenues Reclass Disbursement from Revenue to Expenditure Correction of Interest on Investments Total Reconciling Items Total Revenues and Other Financing Sources -Budget (Non-GAAP Basis) $ 21,462,577 (2,719,767) (19,118) (232) (56,255) 11, 722 (2, 783,650) $ 18,678,927 Adjustments necessary to convert the General Fund expenditures at September 30, 1994, on the GAAP basis to the budgetary basis are as follows: Expenditures and Other Financing Uses -GAAP Basis Reconciling Items: College Station Business Park Fund Expenditures and Other Financing Uses Cemetery Perpetual Care Fund Expenditures Fireman's Relief Fund Expenditures Inventory Adjustment Allowance tor· Uncollectible Accounts Capitalized Salaries Reclass Disbursement from Revenue to Expenditure Other Total Reconciling Items Total Expenditures and Other Financing Uses -Budget {Non-GAAP Basis) $ 18,923,083 {686,086) { 155) 1, 195 (26,494) (113,706) 21,326 (56,255) (1, 182) (861,357) $ 18,061, 726 Budgets for the Special .Revenue Funds, Debt Service Fund, and Capital Projects Funds are adopted on a basis consistent with GAAP. - 41 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Budgets for the Enterprise Funds are adopted on a basis consistent with GAAP, except for the following significant items: (a) Capital outlay is included in the budget as an expense item. (b) The budget treats principal payments for General Obligation Bonds and Certificates of Obligation serviced by the Electric, Water, and Sewer Funds and for Utility Revenue Bonds as an expense item. (c) Enterprise Fund budgetary amounts do not include provisions for adjustments in inventory or the allowance for uncollectible accounts receivable. (d) Budgeted revenue amounts do not include a provision for revenue accruals. The budget for the Internal Service Funds are adopted on a basis consistent with GAAP, except that capital outlay is included in the budget as an expense item. Budgetary comparisons presented in the report are on the aforementioned budgetary basis. Budgetary amounts are as originally adopted, or as amended by the City Council. Individual amendments were not material in relation to the original appropriations which were amended. F. 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, repurchase agreements, and government securities and agency notes with original maturities of three months or less when purchased. 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 pooi to the total pool. G. INVESTMENTS Investments of all funds consist mainly of U. S. Treasury and Agency securities, bank certificates of deposit, and investments in public funds investment pools (T exPool). Investments are stated at cost or .amortized cost which approximates market value. State statutes authorize the City to invest in fully-insured time deposits, direct debt securities of the United States, 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 Texas Commerce Bank of Houston. -42 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Investments are made in accordance with the City's Investment Policy which was adopted by the City Council on April 12, 1990. This policy is applicable to all City funds and permits investment in obligations of the U. S. Government or its agencies, repurchase agreements made in compliance with State of Texas Statutes, time certificates of deposit or savings accounts in state or national banks located within the State of Texas, public funds investment pools, and money market mutual funds. This policy designates the Director of Finance as the City's Investment Officer with whom responsibility and authority for investment transactions reside. 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. H. INVENTORY Inventory is valued at cost, which approximates market, using the first-in, first-out method. The costs of governmental fund type and proprietary fund inventories are recorded as expenditures/expenses when consumed rather than when purchased. I. PREPAID COSTS Payments made to vendors for services that will benefit periods beyond September 30, 1994, are recorded as prepaid costs. J. 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, cemetery perpetual care funds and fireman's relief funds, all of which are not available for. operations. K. 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 13. L. FIXED ASSETS General fixed assets have been acquired for general government purposes. Asset purchases are recorded as expenditures in the governmental fund types and capitalized in the General Fixed Assets Account Group at cost where historical records are available and at an estimated· historical cost where no historical records exist. Donated fixed assets are valued at their estimated fair market value. Public domain fixed assets consisting of improvements other than buildings are also included in the General Fixed Assets Account Group. - 43 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) No depreciation has been provided on general fixed assets, nor has interest been capitalized. Property and equipment owned by the Enterprise Funds and the Internal Service Funds is stated at the historical cost of acquisition, construction or, with respect to contributions of construction from third parties (principally developers), at fair market value. In accordance with Financial Accounting Standards Board Statement No. 71, interest is not capitalized during construction because interest is recovered currently in the City's established rate. Maintenance, repairs and minor renewals are charged to operating expense; major property replacements are capitalized. Depreciation is recorded in the above funds on a straight-line basis over the following estimated service lives: Utility Systems Buildings and Improvements Equipment M. COMPENSATED ABSENCES 25 -40 years 5 -50 years 3 -10 years Employees are credited with vacation at rates of 1 0 to 1 5 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 leave that is expected to be liquidated with expendable available financial resources is reported as an expenditure and a liability of the General Fund. Amounts of accumulated vacation leave that are not expected to be liquid?ted with expendable available financial resources are. reported in the General Long-Term Debt Account Group. - Employees are credited with sick leave at the rate of one day per month and are allowed to accumulate up to 120 days. Payment for unused accumulated sick leave is not made to employees by the City and, accordingly, no liability has been recorded in the financial statements. N. LONG-TERM OBLIGATIONS Long-term debt is recognized as a liability of a governmental fund when due or when resources have been accumulated in the Debt Service Fund for payment early in the following year. For other long-term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portions of such obligations are reported in the General Long-Term Debt Account Group. Long-term liabilities directly related to and financed from proprietary fund operations are accounted for in those funds. All other unmatured long-term indebtedness of the City is accounted for in the General Long-Term Debt Account Group. -44 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 0. ENCUMBRANCES Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the governmental fund types. Encumbrances outstanding at year end are reported as reservations of fund balances since they do not constitute expenditures or liabilities in the general purpose financial statements. P. FUND EQUITY Contributed capital is recor�ed in proprietary funds that have received capital grants or contributions from developers, customers or other funds. Reserved balances represent those portions of fund equity not appropriable for expenditure or legally segregated for a specific future use. Designated fund balances represent tentative plans for future use of financial resources. Q. BOND DISCOUNTS/ISSUANCE COSTS In governmental fund types, bond discounts and issuance costs are recognized as expenditures in the current period. Bond discounts and issuance costs for proprietary fund types are deferred and amortized over the term of the bonds using the straight-line method. Bond discounts are presented as a reduction of the face amount of bonds payable, and issuance costs are recorded as deferred charges. R. INTERFUND TRANSACTIONS Quasi-external transactions are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from that fund, which are properly applicable to another fund, are recorded as expenditures/expenses in the reimbursing fund and as reductions of expenditures/expenses in the fund that is reimbursed. lnterfund transactions other than quasi-external transactions and reimbursements are reported as operating transfers. S. STATEMENTS OF CASH FLOWS The City has elected to use the direct method in presenting the Statements of Cash Flows for each of the Proprietary and Internal Service Funds. T. MEMORANDUM ONLY -TOTAL COLUMNS Total columns on the General Purpose Financial Statements are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns does not present financial position, results of operations, or cash flows in conformity with generally accepted accounting principles. Neither is such data comparable to a consolidation. lnterfund eliminations have not been made in the aggregation of this data. - 45 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) U. COMPARATIVE DATA/RECLASSIFICATIONS Comparative total data for the prior year have been presented in the accompanying financial statements in order to provide an understanding of changes in the City's financial position and operations. However, comparative data have not been presented in all statements because their inclusion would make certain statements unduly complex and difficult to understand. Also, certain amounts presented in the prior year data have been reclassified in order to be consistent with the current year's presentation. 2. DEPOSITS AND INVESTMENTS At year-end, the carrying amount of the City's cash and time deposits was $6,871,270 and the bank balance was $6,864,951. Cash and time deposits included investments in the state investment·pool amounting to $5,916,489 and a $52, 116 certificate of deposit committed for cemetery perpetual care. Balance sheet amounts for unrestricted and restricted cash and cash equivalents at September 30, 1994, are as follows: Unrestricted cash and cash equivalents Restricted cash and cash equivalents Total Cash and Cash Equivalents $ 5,572,948 1,298,322 $ 6,871,270 The bank balance and certificate of deposit were entirely covered by federal depository insurance or by pledged collateral held by the City's third-party custodian in the City's name. The state investment pool represents short term investments in a pool managed by another government for which risk categorization is not appropriate because the City's investment is not evidenced by securities that exist in physical or book entry form. The City's investments at September 30, 1994, are shown below. The carrying amount is the cost at date of purchase and approximates market value, except for U.S. Government Obligations, and Government Agency Notes, where market values may be independently obtained: Carrying Market Amount Value U.S. Government Obligations $ 16, 103,897 $ 10,791,221 Government Agency Notes 6, 166,739 11,687,820 Total Investments $ 22,270,636 $ 22,479,041 All of the City's investments consist of U.S. Government Securities and repurchase agreements of U.S. Government Securities and are held by its agent in the City's name (Category One credit risk). 3. PROPERTY TAXES Property is appraised and a lien on such property becomes enforceable as of January 1. Taxes are levied and payable on October 1. The Brazos County Tax Office bills and collects property taxes for - 46 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30 , 1994 3. PROPERTY TAXES (continued) the City. City property tax revenues are recognized when levied to the extent that they are collected in the current year. The balance is reported as deferred revenues. Taxes become delinquent February 1 of the following year and are subject to interest and penalty charges. The City is permitted by the State of Texas to levy taxes up to $2.50 per $100 of assessed valuation for general governmental services and for the payment of principal and interest on general long-term debt. The combined current tax rate to finance general government services including debt service for the year ended September 30, 1994, was $.4450 per $100 of assessed 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% of its appraised value. Real property must be reappraised at least every four 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 8 % , qualified voters of the City may petition for an election to determine whether to limit the tax rate to no more than 8 % above the tax rate of the previous year. 4. NOTES RECEIVABLE General Fund: During 1991, the City sold a roller valued at $73,800 to the Brazos Valley Solid Waste Management Agency ("BVSWMA") in exchange for a promissory note to be repaid in semi-annual installments over a period of six years at 8 % (see Note 13). Special Revenue Funds: In 1988, the City initiated a Community Development Loan Program which provides loans to eligible applicants from Community Development Block Grant funds. The $209,467 balance in the Special Revenue Funds represents the outstanding principal for these loans at September 30, 1994. Debt Service Fund: During 1991, the City loaned BVSWMA $625,000 for the purchase of equipment in exchange for an eight year 6 % note to be repaid in semi-annual installments (see Note 1 3). - 47 - 5. FIXED ASSETS CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 A summary of changes in general fixed assets for the year ended September 30, 1994, is as follows: Retirements Beginning Additions and and Ending Balance Transfers In Transfers Out Other Balance Land $ 7,437,029 $ 12,475 $ 0 $ 0 $ 7,449,504 Buildings and Building Improvements 13,218,308 18,691 14, 191 41,000 13,263,808 Improvements 14,547,211 1,929,897 0 0 16,477, 108 Machinery, Tools and Equipment 10,358,898 696,063 340,630 0 10,714,331 Parks System 8,702, 166 198,821 6 0 8,900,987 Construction in Progress 1,406,569 2,509,884 2,317,478 0 1,598,975 Total $ 55,670, 181 $ 5,365,831 $ 2,672,299 $ 41,000 $ 58,404,713 A summary of proprietary fund type property and equipment at September 30, 1994, is as follows: Combined Equipment Utility Solid Waste Replacement Landfill Funds Collection Fund Fund Fund Total Electric System $ 27,700,885 $ 0 $ 0 $ 0 $ 27,700,885 Water System 32,619,794 0 0 0 32,619,794 Sewer System 25,971,595 0 0 0 25,971,595 Machinery & Equipment 1,907,817 2,412,759 2,672,736 36,530 7,029,842 Buildings & Improvements 1,710,414 0 0 0 1,710,414 Land 976,787 0 0 0 976,787 Construction in Progress 5,411,866 0 8,812 0 5,420,678 Total 96,299, 158 2,412,759 2,681,548 36,530 101,429,995 Less Accumulated Depreciation (24,896, 123) ( 1,526,695) (533,228) (20,824) (26,976,870) Net $ 71,403,035 $ 886,064 $ 2, 148,320 $ 15,706 $ 74,453, 125 - 48 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 6. LONG-TERM DEBT The following is a summary of long-term debt transactions for the year ended September 30, 1994: Beginning Incurred/ Matured/ Ending Balance Issued Retired Balance Governmental Fund Tyges General Obligation Bonds $ 19,014,385 $ 0 $ 1,986,045 $ 17,028,340 Contractual Obligation 0 400,000 80,000 320,000 Certificate of Obligation 0 3,460,000 0 3,460,000 Accrued Vacation Leave 579,331 534,620 503,280 610,671 Subtotal 19,593,716 4,394,620 2,569,325 21,419,011 Progrietary Fund T yges Utility Revenue Bonds 24, 170,000 0 2,335,000 21,835,000 General Obligation Bonds Serviced by Utility Revenues 1, 775,615 0 378,955 1,396,660 Certificates of Obligation Serviced by Utility Revenues 157,200 0 26,200 131,000 Accrued· Vacation Leave: Electric Fund 107,551 126,663 119,645 1141569 Water Fund 35,527 34,252 42,039 27,740 Sewer Fund 29,761 39,677 32,494 36,944 Solid Waste Collection Fund 23,873 25,676 20,907 28,642 Landfill Fund 11,914 15,026 10,660 16,280 Obligations Under Capital Lease (Note 12) 1,826,478 0 494,221 1,332,257 Subtotal 28, 137,919 241,294 3,460, 121 . 24,919,092 Total Long-Term Debt $ 47,731,635 $ 4,635,914 $ 6,029,446 $ 46,338, 103 - 49 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, i 994 6. LONG-TERM DEBT (Continued) Long-term debt at September 30, 1994, consisted primarily of bonds maturing serially and is summarized as follows: Interest Series Principal Rates(%) Matures Balance General Obligation Bonds: 1976 Issue 4.00-6.00 1997 $ 225,000 1978 I Issue 4.70-6.00 1998 130,500 1978 II Issue 5.15-5.80 1999 770,000 1984 Issue 9.50-11.00 1995 450,000 1 987 Refunding Issue 4.50-7.70 2004 7,352,840 1988 Refunding Issue 6.15-8.15 1996 1,475,000 1989 Issue 6.50-8.50 2005 2,425,000 1991 Issue 5.50-7.50 2012 4,200,000 Subtotal 17,028,340 Certificates of Obligation: 1993 Issue 70% of prime 1998 320,000 1994 Issue 68% of prime 1999 . 3,460,000 Subtotal 3,780,000 Utility Revenue Bonds: 1 985 Refunding Issue 6.00-9.50 200.1 11,495,000 1990 Issue 6.50-8.50 2006 4,500,000 1993 Issue 4.05-6.50 2013 5,840,000 Subtotal 21,835,000 General Obligation Bonds Serviced by Utility Revenues: 1976 Issue 4.00-6.00 1997 675,000 1978 I Issue 4.70-6.00 1998 594,500 1 987 Refunding Issue 4.50-7.70 2004 127, 160 Subtotal 1.396,660 Certificates of Obligation Serviced by Utility Revenues: Utility Service Center 12.00 1999 131,000 Subtotal 131,000 Total $ 44, 171,000 - 50 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 6. LONG-TERM DEBT (Continued) Debt service requirements to maturity for all long term debt is summarized as follows: General Certificates Obligation Bonds of Obligation Year Principal Interest Principal 1995 $ 1,856, 130 $ 1,088,804 $ 1,080,000 $ 1996 3,058,735 917,863 1,080,000 1997 1,714,075 758,759 1,080,000 1998 1,623,915 645, 186 280,000 1999 1,588,255 533,653 260,000 2000-2004 5,012,230 1,462,307 0 2005-2009 1,425,000 415,239 0 2010-2012 750,000 62,500 0 TOTAL $ 17,028,340 $ 5,884,311 $ 3,780,000 $ Certificates of Obligation Utility Interest 211,229 147,480 88,700 29,500 14,300 0 0 0 491,209 Serviced by Utility Revenues Revenue Bonds Year Principal Interest Principal Interest 1995 $ 26,200 $ 15,720 $ 2,625,000 $ 1,551,525 1996 26,200 12,576 2,780,000 1,316,840 1997 26,200 9,432 2,745,000 1,080,413 1998 26,200 6,288 2,595,000 853,674 1999 26,200 3,144 2, 195,000 651,355 2000-2004 0 0 5,645,000 1,597,793 2005-2009 0 0 2,250,000 514,313 2010-2012 0 0 1,000,000 111;875 TOTAL $ 131,000 $ 47, 160 $ 21,835,000 $ 7,677,788 General Obligation Bonds Serviced by Utility Revenues Year Principal Interest 1995 $ 378,870 $ 59,076 1996 386,265 40,271 1997 385,925 22,882 1998 181,085 9,478 1999 16,745 4,168 2000-2004 47,770 7,725 TOTAL $ 1,396,660 $ 143,600 - 51 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 6. LONG-TERM DEBT (Continued) All the net revenues of the Utility Fund 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 resolution, include substantially all of the revenues and expenses of the Utility Fund other than certain interest income and expense, and depreciation and amortization. This bond resolution further requires 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. In prior years the City defeased certain revenue refunding bonds totaling $40,e45,000 and certain general obligation bonds and certificates of obligation totaling $11 ,821 , 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 def eased bonds are not included in the City's general purpose financial statements. At September 30, 1994, the outstanding principal balance of these defeased revenue refunding bonds was $16,210,000. At September 30, 1994, the outstanding principal balance of the deteased general obligation bonds and certificates of obligation was $6,900,000. 7. BONDS AVAILABLE FOR SALE Authorized general obligation bonds available for future issue are as follows: Year Authorized Street Improvements 1990 $ Parks Improvements 1990 Drainage Improvements 1984 Public Buildings (Fire Station #4) 1984 Oversize Participation -Bridges 1984 Civic Center 1976 TOTAL $ Un issued Amount 1,750,000 250,000 1,230,000 700,000 . 500,000 500,000 4,930,000 Revenue bonds, authorized in fiscal 1984, remain unissued in the amount of $2,615,000 and are available for future use. -52 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 8. CONTRACT WITH THE TEXAS MUNICIPAL POWER AGENCY The City began purchasing 100% of its electrical power requirements from the Texas Municipal Power Agency ("TMPA") on December 30, 1991. Under this contract, TMPA shall initially provide the City with 110 MW of electrical power at the following rates: Demand Charge Energy Charge $ 11 . 78 per KW $ 2.00 per MWH The contract also includes a provision for consideration of the City as an equal member in the future generation projects built by TMPA. The City's monthly electrical bill averaged $1,891,08 5 during the year. 9. RETIREMENT PLAN Plan Description The City provides pension benefits for all of its full-time employees through a nontraditional, joint contributory, defined contribution plan in the state-wide Texas Municipal Retirement System ("TMRS"), one of over 636 administered by TMRS, an agent multiple-employer public employee retirement system. It is the opinion of the TMRS management that the plans in TMRS are substantially defined contribution plans, but they have elected to provide additional voluntary disclosure to help foster a better understanding of some of the nontraditional characteristics of the plan. 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 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. Members can retire at ages 60 and above with 10 or more years of service or with 25 years of service regardless of age. The plan also provides death and disability benefits. A member is vested after 10 years, but he must leave his accumulated contributions in the plan. If a member withdraws his own money, he is not entitled to the employer-financed monetary credits, even if he was vested. 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. - 53 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 9. RETIREMENT PLAN (Continued) Contribution Requirements The contribution rate for employees is 5%, and the City matching percent is currently 200%, both as adopted by the governing body of the City. Under the state law governing TMRS, the City contribution rate is annually determined by the actuary. This rate consists of the normal cost contribution rate and the prior service 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 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 retirement becomes effective. The prior service contribution rate amortizes the unfunded actuarial liability over the remainder of the plan's 25-year amortization period. When the City periodically adopts updated service credits and increases in annuities in effect, the increased unfunded actuarial liability is to be amortized over a new 25-year period. Currently, the unfunded actuarial liability is being amortized over the 25-year period which began January, 1 994. The unit credit actuarial cost method is used for determining the City contribution rate. Contributions are made monthly by both the employees and the City. Since the City needs to know its contribution rate in advance to budget for it, there is a one-year lag between the actuarial valuation that is the basis for the rate and the calendar year when the rat�:, JOes into effect. The City's total payroll in fiscal year 1994 was $16, 7 5 7 ,{E> md the City's contributions were based on a payroll of $16,049, 130. Both the City and the covered �:�mployees made the required contributions, amounting to $980, 194 (5.92% of covered payroll for the months in calendar year 1993, 5.06% normal cost plus 0.86% to amortize the unfunded actuarial liability, and 6.17% for the months in calendar year 1994, 5.24% normal cost plus 0.93% to amortize the unfunded actuarial liability) for the City and $802,467 (5%) for the employees. The City adopted changes in the plan since the previous actuarial valuation, which had the effect of increasing the City's contribution rate for 1994 by 0.04% of payroll. Funding Status Even though the substance of the City's plan is not to provide a defined benefit in some form, some additional voluntary disclosure is appropriate due to the nontraditional nature of the defined contribution plan which had an initial unfunded pension benefit obligation due to the monetary credits granted by the City for services rendered before the plan began and which can have additions to the unfunded pension benefit obligation through the periodic adoption of increases in benefit credits and benefits. Statement No. 5 of the Governmental Accounting Standards Board (GASB 5) defines pension benefit obligation as a standardized disclosure measure of the actuarial present value of pension benefits, adjusted for the effects of projected salary increases, estimated to be payable in the future as a result of employee service to date. The measure is intended to help users assess the funding status of public employee pension plans, assess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among public employee pension plans. The pension benefit obligation shown below is similar in· nature to the standardized disclosure measure required by GASB 5 for defined benefit plans except that there is no need to project salary increases since the benefit credits earned for service to date are not dependent upon future salaries. The calculations were made as part of the annual actuarial valuation as of December 31, 1993. Because of the money-purchase nature of the plan, the interest rate assumption, currently 8.5% per year, does not have as much impact - 54 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 9. RETIREMENT PLAN (Continued) on .the results as it does for a defined benefit plan. Market value of assets is not determined for each City's plan, but the market value of assets for TMRS as a whole was 118.0% of book value as of December 31, 1993. The total unfunded pension benefit at December 31, 1993, the latest available information, was $3,371,860 as follows: Pension Benefit Obligation: Annuitants Currently Receiving Benefits Terminated Employees Current Employees: Accumulated Employee Contributions Including Allocated Invested Earnings Employer-Financed Vested Employer-Financed Nonvested Total Net Assets Available for Benefits, at Book Value Unfunded. Pension Benefit Obligation $ $ 1993 1,761,974 2,324,016 7,201,889 9,519, 184 . 1,910,459 22,717,522 19,345,662 3,371,860 The book value of assets is amortized cost for bonds and original cost for short-term securities and stocks. The actuarial assumptions used to compute the actuarially determined City contribution rate are the same as those used to compute the pension benefit obligation. The amounts above reflect the adoption of changes in the plan since the previous actuarial valuation, which had the effect of increasing the pension benefit obligation by $105,042. -55 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1 994 9. RETIREMENT PLAN (Continued) 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 below. Complete trend information prior to 1987 is unavailable. Additional historical trend information will be presented as it becomes available. Year Ended December 30 1987 1988 1989 1990 1991 1992 1993 Year Ended December 30 1987 1988 1989 1990 1991 1992 1993 Year Ended December 30 1987 1988 1989 1990 1991 1992 1993 Net Assets Available for Benefits $ 7,299,624 8,806,929 10, 123,841 11,509,969 13,710,302 16, 151,960 19,345,662 Unfunded Pension Benefit Obligation $ 2,553,147 2,242,546 2,347,262 2,390, 149 2, 112,332 2,466,704 3,371,860 Employer Contributions $ 680,759 652,444 730,712 822,349 878,349 883,753 980, 194 Pension Benefit Obligation $ 9,852,771 11,049,475 12,471, 103 13,900,118 15,822,634 18,618,664 22,717,522 Annual Covered Payroll $12,861,559 11,028,053 11,949,309 12,971,271 13,792,527 14,658,546 16,049,130 Employee Contributions $ 643,995 551,417 597,473 648,573 689,686 732,941 802,467 - 56 - Net Assets Available as a Percent of Pension Benefit Obligation 74% 80% 81% 83% 87% 87% 85% Unfunded Pension Benefit Obligation as a Percentage of Annual Covered Payroll 20% 20% 20% 18% 15% 17% 21% Employer Contributions as Percentage of Annual Covered Payroll 5.3% 5.9% 6.1% 6.3% 6.4% 6.0% 6.1% CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 9. RETIREMENT PLAN (Continued) Post Retirement Benefits In addition to providing pension benefits, the City provides certain health care benefits for retired employees as established by City Resolution No. 9-1 3-90-5. 10, which was passed and approved by the City Council on September 13, 1990. Substantially all employees may become eligible for such benefits if they reach normal retirement age while working for the City. The health care benefits are provided through a self-insurance plan administered by Donovan Benefit Systems (see Note 14). During fiscal year 1994, five retirees were eligible under this plan; however, claims filed by these retirees were not material. Fireman's Relief and Retirement Fund The City's General Fund is used to account for the accumulation of resources and the payment of annuities and related administrative costs of the Fireman's Relief and Retirement Fund, a closed, single-employer, defined contribution plan. Resources are contributed by the City at an annual fixed rate. The City has voluntarily contributed amounts as needed to maintain the solvency of the fund. The potential future liabilities related to these payments appear to be minimal ·due to the fact that there are no additional firefighters who could become eligible for these $25 per month payments in the future. Cur�ently, seven retirees and four widows receive benefits. Total assets of the plan are included in the General Fund as a portion of the restricted cash balance. All qualitative and quantitative disclosures as required by the Governmental Accounting Standards Board are not made for the Fireman's Relief and Retirement Fund because such plan is not considered to be material. 10. SEGMENT INFORMATION OF ENTERPRISE FUNDS The City maintains four enterprise funds. Segment information for the year ended September 30, 1994, is as follows (amounts in thousands): Solid Waste Electric Water Sewer Collection Fund Fund Fqod Fu pd Total Operating Revenues $ 33,821 $ 6,203 $ 5,216 $ 3,051 $ 48,291 Operating Expenses (Excluding Depreciation and Amortization) (27,880) (2,942) (2,876) (2,492) (36, 190) Depreciation and Amortization (907) (876) (667) (293) (2,743) Operating Income 5,034 2,385 1,673 266 9,358 Operating Transfers, Net (3, 116) (600) (550) (141) (4,407) Net Income 2,104 1,066 576 800 4,546 Property and Equipment Additions 4,405 4,069 4, 151 39 12,664 Net Working Capital 12,867 223 1,518 601 15,209 Total Assets 38,966 27,714 27,251 3,330 97,261 Bonds and Other Long-Term Liabilities - Excluding Current Portion 5,081 7,299 9,243 858 22,481 Total Equity $ 28,037 $ 18,650 $ 16,409 $ 2,253 $ 65,349 - 5 7 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 11. OPERATING TRANSFERS Individual fund operating and other transfers out and corresponding operating transfers in for fiscal 1 994 were as follows: Operating Transfers Out Operating Transfers In General Capital Equipment General GOB 1991 Hotel/Motel Tax Debt Service Hotel/Motel Tax GOB 1991 Solid Waste Collection General Electric General Water General Sewer General 12. COMMITMENTS AND CONTINGENCIES Amount $ 105,000 340,000 10,762 374,000 141,450 3,116,079 600,000 550,000 Minimum future lease payments and present value of the net minimum lease payments for capital leases for waterwell and water storage facilities are as follows: Year Ending September 30 Total 1995 $ 293,586 1996 250,813 1997 250,813 1998 250,813 1999 250,813 2000 -2001 323,271 Total minimum lease payments 1,620,109 Less imputed interest (225,148) Present value of net minimum lease payments $ 1,394,961 At September 30, 1994, · the City had oversized participation construction commitments totaling $1,352,040. These construction commitments result from development agreements with subdividers in which the City, under certain conditions, agrees to participate in the cost of constructing streets, water distribution lines, sanitary sewer lines, bridges or culverts. The City is contingently liable for lawsuits and other claims in the ordinary course of its operations. The settlement of such contingencies under the budgetary.process would require appropriation of revenues yet to be realized and would not materially affect the financial position of the City at September 30, 1994. -58 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 13. JOINT VENTURE In May 1990, the City of College Station joined the City of Bryan in creating BVSWMA. The primary purpose of BVSWMA is to achieve economy of scale savings for the participants through joint ownership and use of regional waste management facilities. Each city holds a 50% interest and ownership in BVSWMA. BVSWMA is governed by an Administrative Board of Trustees ("Board") comprised of the City Manager and a staff person from each city; in addition, the Mayors of each city serve alternating two-year terms on the Board. The Board has complete responsibility for the daily operating activities of BVSWMA. After Board approval, the BVSWMA annual budget is presented for approval by both cities as a part of their regular budget. On May 8, 1990, the City transferred assets in the form of property permitted for landfill use and landfill equipment to BVSWMA in exchange for a note payable of $976,000, with the remaining consideration representing contributed capital of $85, 100. The City's Solid Waste Collection Fund realized a gain of $626, 795 on the transaction. BVSWMA recorded the transferred assets at their appraised values. The note accrues interest at a rate of 8 % and is payable in semi-annual installments commencing November 1 , 1990, and ending May 1, 2000. The City's share of BVSWMA's net income for fiscal 1994 was $779,075. The City has been contracted as the operator of the BVSWMA landfill. The City's Landfill Fund acco�nts for the operator activity, and the City is reimbursed by BVSWMA for all operating expenses of the Landfill Fund, which were $1, 165,036 in 1994. - 59 - 13. CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 JOINT VENTURE (Continued) The following is a summary of information from the audited financial statements of BVSWMA as of September 30, 1994, and 1993. 1994 1993 Assets Current Assets $ 2,838,647 $ 1,307,085 Property, Plant and Equipment (Net of $957,928 Accumulated Depreciation at 1994 and $687,641 at 1993) 1,884,951 1,889, 155 Other Assets 155,834 165,834 Total Assets $ 4,879,432 $ 3,362,074 Liabilities: Current Liabilities $ 495,575 $ 372,561 Notes Payable -Noncurrent 1,529,819 1,817,412 Accrued Post Closure Maintenance Costs 1,480,207 1, 106,422 Total Liabilities 3,505,601 3,296,395 Fund Equity: Contributed Equity 170,200 170,200 Retained Earnings (Deficit) 1,203,631 (104,521) Total Fund Equity 1,373,831 65,679 Total Liabilities and Fund Equity $ 4,879,432 $ 3,362,074 Total Operating Revenues $ 3,503,051 $ 2,773,863 Total Operating Expenses 2,245,325 2,797,840 Operating Income (Loss) 1,257,726 (23,977) Net Nonoperating Revenues (Expenses) 50,426 (84,904) Net Income (Loss) $ 1,308, 152 $ {108,881} Debt: Current $ 287,593 $ 267,252 Long Term 1,529,819 1,817,412 Total $ 1,817,412 $ 2,084,664 -60 - CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 14. RISK MANAGEMENT The City is self-insured for health benefits, and the plan is administered by Donovan Benefit Systems. The Employee Benefits Fund is funded monthly by contributions from employees and from the operating funds of the City. These contributions are determined based on anticipated claims for the subsequent year. The City has a stop-loss insurance policy that limits its liability to $75,000 per individual per year with an aggregate, annual liability of $1,200,000. The liability for outstanding losses includes $118,401 for claims incurred but not reported as of September 30, 1 994. The City is also self-insured for workers' compensation benefits, and the plan is administered by Old Republic Insurance Company. The City has a stop-loss insurance policy that limits its liability per employee to $500,000 per incident. The amount for estimated outstanding losses for claims incurred but not reported is not material. The City uses internal service funds to account for its risk-management activities. In addition, interfund premiums are reported as quasi-external transactions. 15. RESERVATIONS OF FUND BALANCES AND RETAINED EARNINGS Fund balances have been reserved at September 30, 1994, as follows: General Fund: Reserved for Inventory $ 167,275 Reserved for Encumbrances 1,310,710 Reserved for Prepaid Costs 2,863 Reserved for Fireman's Relief and Retirement Fund 6, 112 Reserved for Capital Projects 952,865 Total General Fund Reserved 2,439,825 Special Revenue Funds: Reserved for Encumbrances 88,719 Reserved for Property Held for Resale 92,000 Total Special Revenue Funds Reserved 180,719 Debt Service Fund: Reserved for Debt Service 1,381,755 Capital Projects Funds: Reserved for Encumbrances 1,935,276 Reserved for Prepaids 1,000 Total Capital Projects Funds Reserved 1,936,276 Total Reserved Fund Balances $ 6,009,419 Reserved retained earnings designations for the Enterprise Funds at September 30, 1994, are as follows: Reserved for Debt Service Reserved for Capital Projects Total Reserved Retained Earnings -61 - $ 1,842,265 2,278, 171 $ 4,120,436 CITY OF COLLEGE STATION, TEXAS NOTES TO GE N ERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 16. DEFICIT RETAINED EARNINGS/FUND BALANCES The Community Development Fund recorded a $172,211 deficit unreserved fund balance at the end of fiscal 1994. This deficit can be attributed to purchase orders still outstanding at September 30, 1994. Since the City has a policy of requesting grant money after actual expenditures have occurred, the fund balance in this fund will always be near zero. Therefore, any encumbrances recorded in the fund at year end will result in a negative unreserved fund balance. At September 30, 1994, the Employee Benefits Fund had a deficit unreserved retained earnings. This $69,631 deficit resulted from higher than expected claims during the fiscal. year. In fiscal 1995, the City plans to increase the amount of premiums charged for both employee and dependent insurance coverage. In addition, cost containment measures continue to be implemented in order to eliminate this deficit. The 1984 Bond Fund showed a deficit unreserved fund balance of $87,207 at September 30, 1994. This deficit was a result of purchase orders outstanding as of year end. The $115,691 deficit unreserved retained earnings in the Landfill Fund was a result of less than expected revenues during the fiscal year. 17. INTERFUND ASSETS/LIABILITIES AdY�nces .To/Fr Qrn .Qth§Lf!dD.9_§ On September 30, 1992, the Electric Fund loaned $1,321,672 to the Solid Waste Collection Fund for the purchase of automated garbage trucks and containers. The loan is payable in semi-annual installments beginning March 30, 1994, and ending September 30, 1999, and accrues interest at a rate of 6.75%. The current portion of the loan is recorded as an interfund receivable and payable in the Electric Fund and Solid Waste Fund, respectively. The noncurrent portion is recorded as an Advance to and Advance from in the Electric Fund and Solid Waste Collection Fund, respectively. Due To/Due From Other Funds The composition of due to/due from balances as of September 30, 1994, is as follows: Due To General General Due From Community Development Landfill - 62 - Amount $ 180�897 19,834 CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 18. EXPENDITURES/EXPENSES IN EXCESS OF APPROPRIATIONS The amounts of any excesses of expenditures/expenses over appropriations during fiscal 1 994, and the funds in which they occurred are as follows: Fund 1 982 Series .II Bond Equipment Replacement Employee Benefits Amount $ 419,695 201,046 93,374 The $419,695 excess in the 1982 Series II Bond Fund and the $201,046 excess in the Equipment Replacement Fund were a result of higher than expected expenditures/expenses for capital outlay. Higher than expected claims and administration expenses were responsible for the $93,374 excess in the Employee Benefits Fund. 19. DEFERRED CHARGES Deferred charges totaling $369, 721 at September 30, 1994, consist of the following: Prepaid Water Costs On November 8, 1978, the City entered into an agreement with Texas A&M University whereby the City would construct water system improvements for Texas A&M University. This water system was to provide the City with an additional water source until its own system could be constructed beginning in January, 1979. The original agreement was for a period not to exceed five years. However, an addendum to the contract extends the period indefinitely. The costs of the system are being repaid by Texas A&M University at a rate of $0.20 per 1,000 gallons of City water usage. Termination of the agreements provides for absolute title to the system to be conveyed to Texas A&M University by the City. A summary of the unrecovered cost of the water system at September 30, 1994, is as follows: Total Project Cost Less Accumulated Water Usage Credits Prepaid Water Costs, September 30, 1994 Bond Issuance Costs $ 1,167,075 (1 .033,705) $ 133,370 A summary of the bond issuance costs along with the accumulated amortization for the Electric, Water, and Sewer Funds as of September 30, 1994, is as follows: Bond Issuance Costs Accumulated Amortization Bond Issuance Costs, Net $ $ Electric 62,313 (7,803) 54,510 $ $ Water 33,542 (4,664) 28,878 -63 - Sewer $ 169,455 (16,492) $ 152,963 Total $ 265,310 (28,959) $ 236,351 CITY OF COLLEGE STATION, TEXAS NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1994 20. DEFERRED COMPENSATION PLAN The City offers a deferred· compensation plan to its regular employees. Through a payroll deduction, the plan, which was created in accordance with Internal Revenue Code Section 457, allows an employee to defer to future years up to 25 percent of his/her salary or $7,500 per year (whichever is less) by making deposits with either the International City Managers Association (ICMA) or the Public Employee Benefit Services Corporation (PEBSCO). Participants in the plan may not withdraw deposits or income attributable to the deposits until termination, retirement, death, or an unforeseeable emergency. 21 . SUBSEQUENT EVENT On October 20, 1994, the City issued $6,_250,000 in public improvement and refunding general obligation bonds. The bonds, which carry interest rates from 5.5 to 7 .5 percent mature in the year 2014. On the same date, the City also issued $16,500,000 in revenue bonds to be used for electric and wastewater improvements. The revenue bonds carry interest rates of 5.4 to 6.4 percent and also mature in the year 2014. 22. PRIOR PERIOD ADJUSTMENTS Prior period adjustments of $208,872 and $134,880 were recorded in the Water and Sewer Funds, respectively. These adjustments reflect prior years depreciation expenses on contributed assets. A prior period adjustment of $34,500 was also recorded in the Community Development Fund. This adjustment represents property held for resale that was contributed to the City. '." 64 - GENERAL FUND The general fund is used to account for resources traditionally associated with government which are not required legally or by sound financial management to be accounted for in another fund. -65 - -66 - CITY OF COLLEGE STATION, TEXAS GENERAL FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 1994 1993 Assets Equity in Cash and Cash Equivalents $ 850,385 $ 791,275 Equity in Investments 2,758,292 2,805,429 Receivables: Accrued Interest 159,890 131,815 Grants 46,576 36,870 Letter of Credit 25,000 25,000 Accounts 260,938 220,643 Special Assessments 138,471 143,250 Delinquent Property Taxes 79,563 86, 123 State Sales Tax 800,863 644,347 Notes 41,221 52,943 Other 48, 190 141,971 Less Allowance for Uncollectible Accounts (230,607) (296,299) Due from Other Funds 200,731 0 Inventories 167,275 156,405 Prepaid Costs 2,863 13,618 Restricted Assets: Equity in Cash and Cash Equivalents 546, 191 7,484 Equity. in Investments 1,833,114 ·76,532 Receivables: Accrued Interest 41,974 3,900 Accounts ·1AJO 1 125 Total Assets $ 7,772,360 $ 5,042,431 Liabilities and Fund Balances Liabilities: Accounts Payable $ 204,139 $ 293,016 Retainage Payable 20,211 15,836 Refundable Deposits 1,325 2,775 Accrued Liabilities 400,380 315,048 Customer Construction Advances 85,766 18, 190 Other Deferred Revenues 549,567 456,868 Restricted Liabilities: Accounts Payable 4,130 0 Retainage Payable · 26,625 0 Accrued Liabilities 25 0 Total Liabilities 1,292, 168 1,101J33 Fund Balances: Reserved 2,439,825 408,579 Unreserved: Designated for Subsequent Years' Expenditures 125,908 90,086 Undesignated 3,914A59 3A42,033 Total Fund Balances 6A80,192 3,940,698 Total Liabilities and Fund Balances $, 7,772,360 $ 5,042,431 - 67 - CITY OF COLLEGE STATION, TEXAS GENERAL FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Revenues: Taxes: General Property General Sales Mixed Drinks Franchise Licenses and Permits Grants Charges for Services: Parks and Recreation Police Fire Public Services Municipal Court Development Services General Government Miscellaneous Fines, Forfeits and Penalties Special Assessments Use of Money and Property: Interest on Investments Rents and Royalties Loan Repayments Contributions Reimbursed Expenses Other Total Revenues Expenditures: Current: General Government Fiscal and Human Resources Community Services Administration Police Fire $ (Continued) -68 - 2,086,274 $ 1,627,228 8,671,072 7,901,994 105,021 93,883 3q8,392 407, 168 557,440 445,585 39,723 39,720 522,939 528,399 128,939 33,032 271,317 247,940 7,300 5,375 67,524 31,393 52,988 40, 159 14,030 11,400 1,231 6,306 915,126 893,649 4,779 58,358 296,596 342,992 104,054 50,919 15,728 10,837 8,296 12,225 10,497 4,488 95,312 82,697 14,334,578 12,875,747 806,498 723,721 1,644,909 1,539,352 141,875 143,412 4,715,064 4,054,244 3,454,391 3,331,309 CITY OF COLLEGE STATION, TEXAS GENERAL FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For Fiscal Years Ended September 30, 1994 and 1993 Development Services Parks Public Services Management Services Library Services Reimbursed Administrative Special Programs and Projects Public Agency Funding Code Enforcement Other Capital Outlay Total Expenditures Deficiency of Revenues Under Expenditures Other Financing Sources (Uses): Proceeds from Long-Term Debt Sale of General Fixed Asset Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) . (Continued) Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing Uses Fund Balances, October 1 Fund Balances, September 30 -69 - $ $ 1994 1,803,898 3,083,389 2,533,983 1,526,388 282,255 (2,886,557) 0 107,730 0 143,724 1, 120,536 18,478,083 (4, 143,505) 2,680,000 40,470 4,407,529 (445,000) 6,682,999 2,539,494 3,940,698 6,480, 192 $ $- 1993 1,476, 181 2,838,541 2,266,145 1,407,245 283,478 (2,843,580) 46,528 202,289 11,660 137,623 412,314 16,030,462 ·(3, 154,715) 0 68,213 4,266,504 0 4,334,717 1, 180,002 2,760,696 3,940,698 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Budget Actual Taxes: Current Property $ 2,000,991 $ 2,043,955 Delinquent Property 39,631 25,931 Tax Penalty and Interest 16,800 16,388 General Sales 8,349,620 8,671,072 Mixed Drinks 88, 100 105,021 Franchise 413,000 302, 138 Total Taxes 10,908, 142 11, 164,505 Licenses and Permits: Mixed Drinks 11,600 13,967 Game Machines 2,700 3,615 Professional/Occupational 25,250 27,061 Oil and Gas 20,000 22,234 Builders Permits 212,000 337, 195 Electrical Permits 28, 100 38,720 Plumbing Permits 54,000 72,808 Other 18,050 41,840 Total Licenses and Permits 371,700 557,440 Grants 27,000 39,723 Charges for Services: Parks Concessions 106,400 107,032 Pool Admissions 111,000 152,506 Sports Instruction 72,500 71,931 Sports Programs 156,500 174,572 Special Events 60,000 11,570 Teen Center 3,100 1,932 Other Parks 9,220 3,396 Police Hazardous Materials. Response 0 1,298 Fingerprinting 980 1,030 Police Reports and Records Checks 7, 110 6,435 Arrest Fees 1,200 76,828 Warrant Service Fees 1,210 14,770 Police Escort Services 2,400 2,518 False Alarms 13,000 25,900 Other Police 200 159 EMS Transport and Standbys 135,495 260,442 (Continued) - 70 - Variance Favorable (Unfavorable) $ 42,964 (13,700) (412) 321,452 16,921 (110;862) 256,363 2,367 915 1,811 2,234 125, 195 10,620 '18,808 23,790 185, 740 12,723 632 41,506 (569) 18,072 (48,430) (1, 168) (5,824) 1,298 50 (675) 75,628 13,560 118 12,900 (41) 124,947 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES BUDGET AND ACTUAL (BUDGET ARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Variance Favorable Budget Actual (Unfavorable) Fire Inspections $ 3,005 $ 6,230 $ 3,225 Other Fire 50 98 48 Fire Hazardous Material Response 10,000 4,547 (5,453) Street Sweeps and Repairs 3,200 . 7,300 4,100 Municipal Court 25,600 67,524 41,924 Inspection Fees 7,000 5,382 (1,618) Filing Fees 15,000 10,400 (4,600) Certificate Searches 12,500 13,603 1f103 Other 3,950 38,864 34,914 Total Charges for Services 760,620 1 ,066,267 305,647 Fines, Forfeits and Penalties: Municipal Court Fines 809,600 909,520 99,920 Other Fines and Penalties 72,000 996 (71,004) Forfeits 0 4,610 4,610 Total Fines, Forfeits and Penalties 881,600 915, 126 33,526 Special Assessments 20,000 4,779 (15,221) Use of Money and Property: Interest on Investments 197,800 258,518 60,718 Rents and Royalties 52, 180 104,054 51 ,874 Loan Repayment 0 15,728 15,728 Interest on Loans 5,000 3, 158 (1 ,842) Total Use of Money and Property 254,980 381,458 126,478 Miscellaneous: Contributions 0 6,996 6,996 Reimbursed Expenditures 0 10,497 10,497 Collection Service Fees 18,000 41,840 23,840 Sale of Cemetery Lots 18,000 19,267 1,267 Other 8,800 23,030 14,230 Total Miscellaneous 44,800 101,630 56,830 Total Revenues 13,268,842 14,230,928 962,086 Other Financing Sources: Payments in Lieu of Taxes 4,407,529 4,407,529 0 Sale of General Fixed Assets 2,000 40,470 38,470 Total Other Financing Sources 4,409,529 4,447,999 38,470 Total General Fund Revenues $ 17,678,371 $ 18,678,927 $ 1,000,556 - 71 - CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Budget Actual General Government: Mayor and Council: Supplies $ 7,205 $ 7,204 Purchased Professional Services 16,775 12,250 Purchased Property Services 450 449 Other Purchased Services 40,883 33, 116 Capital Outlay 2,400 253 Total Mayor and Council 67,713 53,272 City Secretary: Salaries and Benefits 96,863 96,464 Supplies 3,685 3,680 Maintenance 650 642 Purchased Professional Services 30 22 Purchased Property Services 2,560 2, 153 Other Purchased Services 24,505 22,68.8 Capital Outlay 2,020 2,019 Total City Secretary 130,313 127,668 City Manager: Salaries and Benefits 173,729 173,651 Supplies 6,000 5,470 Maintenance 320 123 Purchased Professional Services 10 0 Purchased Property Services 2,480 2,455 Other Purchased Services 28,954 21,680 Capital Outlay 16,625 15,386 Total City Manager 228, 118 218,765 Legal: Salaries and Benefits 347,603 347,558 Supplies 20,811 20,725 Maintenance 450 . 427 Purchased Professional Services 7,400 6,922 Purchased Property Services 21,750 21 ,742 Other Purchased Services 28,609 27,083 Capital Outlay 11,362 9,584 Total Legal 437,985 434,041 Total General Government 864, 129 833,746 (Continued) - 72 - Variance Favorable (Unfavorable) $ 1 4,525 1 7,767 2, 147 14,441 399 5 8 8 407 1,817 1 2,645 78 530 197 10 25 7,274 1,239 9,353 45 86 23 478 8 1,526 1,778 3,944 30,383 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Fiscal and Human Resources: Finance Administration: Salaries and Benet its Supplies Maintenance Purchased Property Services Other Purchased Services Total Finance Administration Human Resources: Salaries and Benet its Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Capital Outlay Total Human Resources Accounting: Salaries and Benet its Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Capital Outlay Total Accounting Purchasing and Stores: Salaries and Benet its. Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Total Purchasing and Stores (Continued) $ Budget 103,413 2,710 100 1,920 11,044 119,187 195,051 13,805 300 19,000 3,330 38,084 4,000 273,570 319,152 13,650 1,675 167,127 5,840 55,080 7, 158 569,682 159,186 4,400 900 4,760 3,970 16,061 189,277 (Continued) -73 - Actual $ 103,072 2,440 95 1,738 10,973 118,31 8 194,959 13,717 280 18,916 3,348 38,022 3,980 273,222 318,091 12, 177 1,200 145,085 5,773 51,756 7, 157 541,239 141,531 4,382 637 3,005 3,587 16,004 169, 146 $ Variance Favorable (Unfavorable) 341 270 5 182 71 869 92 88 20 84 (18) 62 20 348 1,061 1,473 475 22,042 67 3,324 1 28,443 17,655 18 263 1,755 383 57 20, 131 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Budget Actual Budget and Evaluation: Salaries and Benet its $ 140,084 $ 127,143 Supplies 1,950 1, 193 Maintenance 450 442 Purchased Professional Services 14,500 14,000 Purchased Property Services 1,890 1,876 Other Purchased Services 14,230 14, 114 Total Budget and Evaluation 173, 104 158,768 Municipal Court: Salaries and Benet its 218,889 182,496 Supplies 9,100 8,596 Maintenance 695 691 Purchased Professional Services 76,770 61,439 Purchased Property Services 14,615 7,861 Other Purchased Services 32,541 32,509 Capital Outlay 9,070 3,807 Total Municipal Court 361,680 297,399 Risk Management: Salaries and Benet its 92,081 90,069 Supplies 2,980 1,885 Maintenance 70 63 Purchased Professional Services 900 864 Purchased Property Services 1,000 889 Other Purchased Services 9,326 7,995 Total Risk Management 106,357 101, 765 Total Fiscal and Human Resources 1,792,857 1 ,659,857 (Continued) -74 - Variance Favorable (Unfavorable) $ 12,941 757 8 500 14 116 14,336 36,393 504 4 15,331 6,754 32 5,263 64,281 2,012 1,095 7 36 111 1,331 4,592 133,000 CITY OF COLLEGE STATION, TEXAS GEN ERAL FUND SCHEDULE OF EXPENDITUR ES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Variance Favorable Budget Actual (Unfavorable) Community Services Administration: Salaries and Benet its $ 122,998 $ 121,871 $ 1, 127 Supplies 2,350 2,244 106 Maintenance 20 15 5 Purchased Professional Services 30 22 8 Purchased Property Services 2,030 1,680 350 Other Purchased Services 16,360 16,043 317 Total Community Services Administration 143, 788 141,875 1,913 Police: Police Administration: Salaries and Benet its 290,032 290,026 6 Supplies 7,500 5,230 2,270 Maintenance 1,700 817 883 Purchased Professional Services 9,870 8,316 1,554 Purchased Property Services 80 33 47 Other Purchased Services 32, 715 27, 144 5,571 Capital Outlay 4,107 2,506 1,601 Total Police Administration 346,004 334,072 11, 932 Uniform Patrol: Salaries and Benet its 2, 123,960 2, 123,865 95 Supplies 81,640 81,563 77 Maintenance 46,500 46,484 16 Purchased Professional Services 23, 100 23,084 16 Purchased Property Services 610 607 3 Other Purchased Services 216,785 216,721 64 Capital Outlay 60,840 60,702 138 Total Uniform Patrol 2,553,435 2,553,026 409 Criminal Investigation: Salaries and Benet its 405, 755 404,592 1, 163 Supplies 11,990 11,253 737 Maintenance 3,620 2,414 1,206 Purchased Professional Services 18,450 18,450 0 Purchased Property Services 2,400 2,395 5 Other Purchased Services 35,647 34,943 704 Capital Outlay 1,780 1,771 9 Total Criminal Investigation 479,642 475,818 3,824 (Continued) - 75 - CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Budget Actual Special Services: Salaries and Benefits $ 242,879 $ 240,733 Supplies 35,570 32,099 Maintenance 3, 110 1,392 Purchased Professional Services 49,585 47,857 Purchased Property Services 2,771 1,7 10 Other Purchased Services 32,453 32, 118 Capital Outlay 720 720 Total Special Services 367,088 356,629 Technical Services: Salaries and Benet its 240,262 237,964 Supplies 14,835 13,237 Maintenance 7,995 7,574 Purchased Professional Services 1 ,240 1 ,230 Purchased Property Services 79,745 79,740 Other Purchased Services 30, 175 30, 160 Capital Outlay 2,080 1,464 Total Technical Services 376,332 371 ,369 Communications/Jail: Salaries and Benefits 642,237 642, 132 Supplies 13,220 12,864 Maintenance 8,375 7,143 Purchased Professionai Services 2,000 1 ,989 Other Purchased Services 28,060 27, 190 Capital Outlay 60,614 60,432 Total Communications/Jail 754,506 751,750 Total Police 4,877,007 4,842,664" (Continued) - 76 - Variable Favorable (Unfavorable) $ 2,146 3,471 1, 718 1 ,728 1 ,061 335 0 10,459 2,298 1 ,598 421 10 5 15 616 4,963 105 356 1 ,232 11 870 182 2,756 34,343 Fire: CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Budget Actual Fire Administration: Salaries and Benet its $ 324,251 $ 248,291 Supplies 17,950 14,306 Maintenance 4,478 3, 127 Purchased Professional Services 26, 155 26,093 Purchased Property Services 54,450 45,751 Other Purchased Services 25,425 25,372 Capital Outlay 9,919 4,529 Total Fire Administration 462,628 367,469 Fire Suppression: Salaries and Benet its 2,738,543 2,738,482 Supplies 131,840 11 9,608 Maintenance 44,484 41,221 Purchased Professional Services 1,000 213 Purchased Property Services 250 147 Other Purchased Services 179,690 175,855 Capital Outlay 14,000 0 Total Fire Suppression 3, 109,807 3,075,526 Fire Prevention: Supplies 9,410 8,954 Maintenance 250 61 Purchased Professional Services 190 185 Other Purchased Services 14, 105 10,923 Total Fire Prevention 23,955 20, 123 Total Fire 3,596,390 3,463, 118 (Continued) -77 - $ Variance Favorable (Unfavorable) 75,960 3,644 1 ,351 62 8,699 53 5,390 95, 159 61 12,232 3,263 . 787 103 3,835 14,000 34,281 456 189 5 3, 182 3,832 133,272 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Variance Favorable Budget Actual (Unfavorable) Development Services: Development Services Administration: Salaries and Benet its $ 146,392 $ 146,311 $ 81 Supplies 4,720 4,627 93 Maintenance 2, 190 1,759 431 Purchased Professional Services 600 544 56 Purchased Property Services 3,285 3,229 56 Other Purchased Services 16,610 16,603 7 Capital Outlay 4,288 3,859 429 Total Development Services Administration 178,085 176,932 1, 153 Engineering: Salaries and Benet its 490,507 487,316 3, 191 Supplies 17, 185 14,065 3, 120 Maintenance 4,050 2,266 1,784 Purchased Professional Services 31,129 30,937 192 Purchased Property Services 7,633 6,491 1, 142 Other Purchased Services 30,006 24,061 5,945 Capital Outlay 31,429 20,357 11,072 Total Engineering 611,939 585,493 26,446 Planning: Salaries and Benet its 933,834 843,385 90,449 Supplies 37,738 34,924 2,814 Maintenance 8,975 3,011 5,964 Purchased Professional Services 161, 743 65J14 96,029 Purchased Property Services 38, 100 34,251 3,849 Other Purchased Services 107,849 94,953 12,896 Capital Outlay 51, 1 52 40,448 10,704 Total Planning 1,339,391 1, 116,686 222,705 Total Development Services 2,129,415 1,879,111 250,304 (Continued) - 78 - CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL {BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Budget Actual Parks: Parks Administration: Salaries and Benefits $ 267,343 $ 266, 181 Supplies 7,350 5,863 Maintenance 2,950 2,237 Purchased Property Services 3,660 3,654 Other Purchased Services 37,565 35,760 Capital Outlay 2,900 2,497 Total Parks Administration 321, 768 316,192 Recreation: Salaries and Benefits 444,679 443,610 Supplies 98,523 96,743 Maintenance 3,950 2,914 Purchased Professional Services 97, 104 95,749 Purchased Property Services 69,207 62,936 Other Purchased Services 56,304 56,098 Capital Outlay 10, 180 10, 170 Total Recreation 779,947 768,220 Special Facilities: Salaries and Benefits 486,935 477,650 Supplies 78,968 66,633 Maintenance 47,016 44,715 Purchased Professional Services 11,435 9,346 Purchased Property Services 124,260 108,595 Other Purchased Services 52,946 43,988 Capital Outlay 43,051 37,021 Total Special Facilities: 844,611 787,948 Parks Maintenance: Salaries and Benefits 601,510 597,581 Supplies 39,820 34,667 Maintenance 91,661 86, 165 Purchased Professional Services 2,325 1,851 Purchased Property Services 89, 112 82,274 Other Purchased Services 35, 115 34,589 Capital Outlay 4,100 4,004 Total Parks Maintenance 863,643 841, 131 Forestry: Salaries and Benefits 309,774 284,652 Supplies 21,200 14,963 Maintenance 76,425 . 40,518 Purchased Professional Services 41,500 35, 194 Purchased Property Services 39,369 25, 182 Other Purchased Services 23,790 22,935 Capital Outlay 45,725 45,073 Total Forestry 557,783 468,517 Total Parks 3,367,752 3, 182,008 (Continued) - 79 - $ Variance Favorable (Unfavorable) 1, 162 1,487 713 6 1,805 403 5,576 1,069 1,780 1,036 1,355 6,271 206 10 11, 727 9,285 12,335 2,301 2,089 15,665 8,958 6,030 56,663 3,929 5, 153 5,496 474 6,838 526 96 22,512 25, 122 6,237 35,907 6,306 14, 187 855 652 89,266 185, 744 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 {Continued) Budget Actual Public Services: Public Services Administration: Salaries and Benefits $ 215,963 $ 161,406 Supplies 4,650 4,216 Maintenance 700 295 Purchased Professional Services 3,066 3,066 Purchased Property Services 15, 140 15, 103 Other Purchased Services 19,334 19,083 Capital Outlay 1,979 1,501 Total Public Services Administration 260,832 204,670 Streets Maintenance: Salaries and Benefits 531,267 523,003 Supplies 25,250 23, 109 Maintenance 825,528 823,617 Purchased Professional Services '28,463 26, 117 Purchased Property Services 36,010 35,993 Other Purchased Services 152,194 146,006 Capital Outlay 20,720 20,637 Total Streets Maintenance 1,619,432 1,598,482 Drainage Maintenance: Salaries and Benefits 131,912 131,812 Supplies 2,640 2,636 Maintenance 11 ,577 11,439 Purchased Professional Services 100 22 Purchased Property Services 4,370 4,355 Other Purchased Services 33,668 33,438 Total Drainage Maintenance 184,267 183,702 Fleet Services: Salaries and Benefits 382,503 375,491 Supplies 21,460 21,459 Maintenance 8,200 7,784 Purchased Professional Services 90 88 Purchased Property Services 14,833 14,833 Other Purchased Services 22,239 21,627 ·Capital Outlay 711 0 Total Fleet Services 450,036 441,282 Traffic: Salaries and Benefits 124,374 95,221 Supplies 3, 180 2,233 Maintenance 30,970 26,338 Purchased Professional Services 5,000 0 Purchased Property Services 1,050 835 Other Purchased Services 4,286 3,367 Total Traffic 168,860 127,994 Total Public Services 2,683,427 2,556, 130 (Continued) - 80 - Variance Favorable {Unfavorable) $ 54,557 434 405 0 37 251 478 56, 162 8,264 2, 141 1,911 2,346 17 6,188 83 20,950 100 4 138 78 15 230 565 7,012 1 416 2 0 612 711 8,754 29, 153 947 4,632 5,000 215 919 40,866 127,297 CITY OF COLLEGE STATION, TEXAS GENERAL FUND SCHEDULE OF EXPENDITURES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fi!scal Year Ended September 30, 1994 Management Services: Management Services Administration: Salaries and Benefits Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Total Management Services Administration Public Relations: Salaries and Benet its Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Capital Outlay Total Public Relations Energy Management Services: Salaries and Benefits Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Capital Outlay Total Energy Management Services Management Information Se_rvices: Salaries and Benefits Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Capital Outlay Total Management Information Services (Continued) $ Budget 109, 775 3,673 700 7,600 1,300 7,600 130,648 193,762 6,923 7,880 1,700 3,060 25,542 12,861 251,728 148, 740 6,800 975 50,990 2,000 17,060 458 227,023 315,911 9,350 153,845 200 8,810 29,909 151,760 669,785 (Continued) -81 - $ Actual 109,713 3, 163 690 4,900 1,284 7,261 127,011 181,284 6,700 7,352 816 2,984 25,510 12,366 237,012 148,479 6,422 614 1,012 1,576 12, 718 458 171,279 307,831 7,864 128,403 154 6,612 29,871 125, 765 606,500 $ Variance Favorable (Unfavorable) 62 510 10 2,700 16 339 3,637 12,478 223 528 884 76 32 495 14, 716 261 378 361 49,978 424 4,342 0 55,744 8,080 1,486 25,442 46 2, 198 38 25,995 63,285 -82 - 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 National Department of Housing and Urban Development for use on various community improvement projects. Hotel/Motel 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. -83 - CITY OF COLLEGE STATION, TEXAS SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET September 30, 1 994 (With comparative totals for the fiscal year ended September 30, 1 993) Totals Community Hotel/Motel Parks Development Tax Escrow 1994 1993 Assets Equity in Cash and Cash Equivalents $ 0 $ 120,904 $ 93,417 $ 214,321 $ 206,083 Equity in Investments 0 390,652 304,611 695,263 760,701 Receivables: Accrued Interest 0 23,832 14,407 38,239 34,600 Grants 304,798 0 0 304,798 100,281 Letter of Credit 0 0 25,425 25,425 25,425 Accounts 893 8,003 0 8,896 10,469 Loans 209,467 0 0 209,467 219,870 Less Allowance for Uncollectible Accounts 0 (4,358) 0 (4,358) (1,377) Property Held for Resale 92,000 0 0 92,000 57,500 Total Assets $ 607, 158 $ 539,033 $ 437,860 $ 1,584,051 $ 1,413,552 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 160,223 $ 7,681 $ 0 $ 167,904 $ 17,479 Due to Other Funds 180,897 0 0 180,897 0 Retainage Payable 42,705 0 1,372 44,077 17,060 Refundable Deposits 0 13,682 0 13,682 13,832 Accrued Liabilities 2,358 3, 130 0 5,488 5,456 Deferred Revenues 212,467 1,462 0 213,929 219,990 Total Liabilities 598,650 25,955 1,372 625,971 273,817 Fund Balances: Reserved: Reserved for Encumbrances 88,719 0 0 88,719 318,011 Reserved for Property Held for Resale 92,000 0 0 92,000 57,500 Unreserved: Designated for Subsequent Years' Expenditures 0 203 436,488 436,691 360,281 Undesignated (172,211) 512,875 0 340,664 403,943 Total Fund Balances 8,508 513,078 436,488 958,074 1,139,735 Total Liabilities and Fund Balances $ 607, 158 $ 539,033 $ 437,860 $ 1 ,584,051 $ 1,413,552 - 84 - CITY OF COLLEGE STATION, TEXAS SPECIAL REVENUE FUNDS COMB.INING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Community Development Revenues: Taxes $ 0 Grants 1,203,029 Charges for Services 0 Fines, Forfeits and Penalties 0 Interest on Investments 0 Rents and Royalties 0 Loan Repayments 10,286 Interest on Loans 9,355 Contributions 0 Other 23,466 Total Revenues 1,246, 136 Expenditures: Current: Housing Rehabilitation 550, 144 Reimbursed Administrative 319,791 Special Programs and Projects 0 Public Agency Funding 145,063 Contributions 0 Interim Assistance 5,434 Clearance 32,410 Other 3,872 Capital Outlay 360,653 Total Expenditures 1,417,367 Excess (Deficiency) of Revenues Over (Under) Expenditures (171,231) Other Financing Uses: Operating Transfers Out 0 Total Other Financing Uses 0 Excess (Deficiency) of Revenues Over {Under) Expenditures and (171,231) Other Financing Uses Fund Balances, October 1 179,739 Fund Balances, September 30 $ 8,508 Hotel/Motel Parks Tax Escrow $ 1,185,648 $ 0 0 0 37,795 0 1, 157 0 37,480 22,677 93,309 0 0 0 0 0 0 83,700 2,529 0 1,357,918 106,377 0 0 343,296 0 180,932 0 592, 150 0 0 0 0 0 0 0 6,273 0 0 1,812 1, 122,651 1,812 235,267 104,565 (384,762) 0 (384, 762) 0 (149,495) 104,565 662,573 331,923 $ 513,078 $ 436,488 - 85 - $ $ 1994 1, 185,648 1,203,029 37, 795 1, 157 60, 157 93,309 10,286 9,355 83,700 25,995 2,710,431 550, 144 663,087 180,932 737,213 0 5,434 Totals $ 32,410 . 10, 145 362,465 2,541,830 168,601 (384,762) (384,762) (216, 161) 1, 174,235 958,074 $ 1993 1, 100,815 789,692 0 827 59,799 85,352 9,432 9,059 67,300 26,668 2, 148,944 360,629 448,816 193,145 664,747 25,000 5,148 16,249 1,449 64,038 1,779,221 369,723 (238,694) (238,694) 131,029 1,008,706 1, 139,735 CITY OF COLLEGE STATION, TEXAS COMMUNITY DEVELOPMENT FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 0 $ 2,925 Equity in Investments 0 10,067 Receivables: Grants 304,798 100,281 Accounts 893 1,259 Loans 209,467 219,870 Property Held for Resale 92,000 57,500 Total Assets $ 607, 158 $ 391,902 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 160,223 $ 6,506 Due to Other Funds 180,897 0 Retainage Payable 42,705 15,687 Accrued Liabilities 2,358 4,600 Deferred Revenues 212,467 219,870 Total Liabilities 598,650 246,663 Fund Balances (Deficits): Reserved: Reserved for Encumbrances 88,719 302, 159 Reserved for Property Held for Resale 92,000 57,500 Unreserved: Designated for Subsequent Years' Expenditures 0 60,910 Undesignated (172,211) (275,330) Total Fund Balances 8,508 145,239 Total Liabilities and Fund Balances $ 607, 158 $ 391,902 - 86 - CITY OF COLLEGE STATION, TEXAS COMMUNITY DEVELOPMENT FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Revenues: Grants $ 1,203,029 $ 789,692 Loan Repayments 10,286 9,432 Interest on loans 9,355 9,059 Contributions 0 63,500 Other 23,466 3, 105 Total Revenues 1,246, 136 874,788 Expenditures: Current: Housing Rehabilitation 550, 144 360,629 Reimbursed Administrative 319, 791 230,388 Public Agency Funding 145,063 130,310 Contributions 0 25,000 Interim Assistance 5,434. 5, 148 Clearance 32,410 16,249 Other 3,872 0 Capital Outlay 360,653 31,639 Total Expenditures 1,417,367 799,363 Excess (Deficiency) of Revenues Over (Under) Expenditures (171,231) 75,425 Fund Balances, October 1 179,739 69,814 Fund Balances, September 30 $ 8,508 $ 145,239 - 87 - CITY OF COLLEGE STATION, TEXAS COMMUNITY DEVELOPMENT FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Revenues: Community Development Block Grant: Grants loan Repayments Interest on loans Other Total Community Development Block Grant Revenues Rental REHAB Grant: Grants Other Total Rental REHAB Grant Revenues Other Grants: HOME Grant HOPE Grant HOPE -Other Total Other Grants Total Revenues, All Grants Expenditures: Community Development Block Grant: Current: Hm 1sing RP.hahilitation/ Assistanr.R Reimbursed Administrative Public Agency Funding Interim Assistance Acquisitions Clearance Planning Capital Outlay Total Community Development Block Grant Expenditures . Rental REHAB Grant: Housing Rehabilitation/ Assistance Total Rental REHAB Grant HOME Grant: Housing Rehabilitation/ Assistance Reimbursed Administrative Clearance Total HOME Grant Expenditures HOPE Grant: Current: Housing Rehabilitation/ Assistance Reimbursed Administrative Economic Development Other Capital Outlay Total HOPE Grant Expenditures Total Expenditures, All Grants Excess (Deficiency) of Revenues Over (Under) Expenditures Fund Balances, October 1 Fund Balances,, September 30 $ $ Budget 1,089,000 0 0 0 1,089,000 0 0 0 500,000 0 0 500,000 1,589,000 sos,011 386,733 171,017 7,500 90,000 65,733 15,000 688,669 1,930,269 5,034 5,034 425,000 25,000 50,000 500,000 127,500 25,500 1,000 0 332,000 486,000 2,921,303 (1,332,303) (24,993) (1,357,296) -88 - $ $ Actual 804,864 10,286 9,355 17,592 842,097 9,232 450 9,682 336,909 52,024 5,424 394,357 1,246, 136 229,754 296,665 145,063 5,434 0 4,511 0 309,986 991.413 5,034 5,034 315,356 19,262 27,899 362,517 0 3,864 0 3,872 50,667 58,403 1.417,367 (171,231) 179, 739 8,508 $ Variance Favorable (Unfavorable) (284, 136) 10,286 9,355 17,592 (246,903) 9,232 450 9,682 (163,091) 52,024 5,424 (105,643) (342,864) 275,863 90,068 25,954 2,066 90,000 61,222 15,000 378,683 938,856 0 0 109,644 5,738 22.101 137,483 127,500 21,636 1,000 (3,872) 281,333 427,597 1,503,936 1, 161,072 204,732 1,365,804 CITY OF COLLEGE STATION, TEXAS HOTEL/MOTEL TAX FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1 993 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 120,904 $ 139,830 Equity in Investments 390,652 516,649 Receivables: Accrued Interest 23,832 24,042 Accounts 8,003 9,210 Less Allowance for Uncollectible Accounts (4,35�) (1,377) Total Assets $ 539,033 $ 688,354 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 7,681 $ 10,973 Refundable Deposits 13,682 13,832 Accrued Liabilities 3, 130 856 Deferred Revenues 1,462 120 Total Liabilities 25,955 25, 781 Fund Balances: Reserved: Reserved for Encumbrances 0 15,852 Unreserved: Designated for Subsequent Years' Expenditures 203 203 Undesignated 512,875 646,518 Total Fund Balances 513,078 662,573 Total Liabilities and Fund Balances $ 539,033 $ 688,354 - 89 - CITY OF COLLEGE STATION, TEXAS HOTEL/MOTEL TAX FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Revenues: Taxes $ 1, 185,648 $ 1, 100,815 Charges for Services 37,795 0 Rents and Royalties 93,309 85,352 Fines, Forfeits and Penalties 1, 157 827 Interest on Investments 37,480 40,789 Contributions 0 3,800 Other 2,529 9,818 Total Revenues 1,357,918 1,241,401 Expenditures: Current: Reimbursed Administrative 343,296 218,428 Salaries and Benefits 0 18,884 Supplies 0 35,787 Purchased Professional ·Services 0 47,728 Purchased Property Services 0 3,876 Other Purchased Services 0 86,870 Special Programs and Projects 180,932 0 Public Agency Funding 592, 150 534,437 Contributions 0 0 Other 6,273 1,449 Capital Outlay 0 32,399 Total Expenditures 1, 122,651 979,858 Excess of Revenues Over Expenditures 235,267 261,543 Other Financing Uses: Operating Transfers Out (384,762) (238,694) Total Other Financing Uses (384,762) (238,694) Excess (Deficiency) of Revenues Over (Under) Expenditures and Other Financing Uses (149,495) 22,849 Fund Balances, October 1 662,573 639,724 Fund Balances, September 30 $ 513,078 $ 662,573 - 90 - CITY OF COLLEGE STATION, TEXAS HOTEL/MOTEL TAX FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Taxes $ 1, 153, 100 $ 1, 185,648 $ 32,548 Charges for Services 0 37, 795 37,795 Rents and Royalties 80,000 93,309 13,309 Fines, Forfeits and Penalties 0 1, 157 1, 157 Interest on Investments 33,000 37,480 4,480 Contributions 5,000 0 (5,000) Other 10,000 2,529 (7,471) Total Revenues 1,281, 100 1,357,918 76,818 Expenditures: Current: Reimbursed Administrative 430,658 343,296 87,362 Special Programs and Projects 190,905 180,932 9,973 Public Agency Funding 592, 150 592, 150 0 Contingency 8, 195 0 8, 195 Other 0 6,273 (6,273) Total Expenditures 1,221,908 1, 122,651 99,257 Excess of Revenues Over Expenditures 59, 192 235,267 176,075 Other Financing Uses: Operating Transfers Out 384,762 384,762 0 Total Other Financing Uses 384,762 384,762 0 Excess (Deficiency) of Revenues Over (Under) Expenditures and Other Financing (325,570) (149,495) 176,075 Uses Fund Balances, October 1 (17,013) 662,573 679,586 Fund Balances (Deficit), September 30 $ (342,583) $ 513,078 $ 855,661 - 91 - CITY OF COLLEGE STATION, TEXAS PARKS ESCROW FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1993 1.994 1993 Assets: Equity in Cash and Cash Equivalents $ 93,417 $ 63,328 Equity in Investments 304,611 233,985 Receivables: Accrued Interest 14,407 10,558 Letter of Credit 25,425 25,425 Total Assets $ 437,860 $ 333,296 Liabilities and Fund Balances: Liabilities: Retainage Payable $ 1,372 $ 1,373 Total Liabilities 1,372 1,373 Fund Balances: Unreserved: Designated for Subsequent Years' Expenditures 436,488 299, 168 Undesignated 0 32,755 Total Fund Balances 436,488 331,923 Total Liabilities and Fund Balances $ 437,860 $ 333,296 - 92 - CITY OF COLLEGE STATION, TEXAS PARKS ESCROW FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ende·d September 30, 1994 and 1993 Revenues: Interest on Investments Contributions Other Total Revenues Expenditures: Capital Outlay Total Expenditures Excess of Revenues Over Expenditures Fund Balances, October 1 Fund Balances, September 30 $ $ - 93 - 1994 22,677 $ 83,700 0 106,377 1,81,2 1 ,812 104,565 331 ,923 436,488 $ 1993 19,010 0 13,745 32,755 0 0 32,755 299, 168 331 ,923 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, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest on Investments $ 0 $ 22,677 $ 22,677 Contributions 0 83,700 83,700 Total Revenues 0 106,377 106,377 Expenditures: Capital Outlay 100,000 1,812 98, 188 Total Expenditures 100,000 1,812 98, 188 Excess (Deficiency) of Revenues Over (Under) Expenditures (100,000) 104,565 204,565 Fund Balances, October 1 311,978 331,923 19,945 Fund Balances, September 30 $ 211,978 $ 436,488 $ 224,510 -94 - DEBT SERVICE FUND The debt service fund is used to account for the accumulation of resources and payment of general obligation bond principal and interest from governmental resources and special assessment bond principal and interest from special assessment levies when the government is obligated in some manner for the payment. -95 - - 96 - CITY OF COLLEGE STATION, TEXAS DEBT SERVICE FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Elided September 30, 1994 and 1993 1994 1993 Revenues: Current Property Taxes $ 3,634,353 $ 3,351,369 Interest on Investments 86, 177 131,674 Loan Repayments 99,514 66, 777 Other 0 3 Total Revenues 3,820,044 3,549,823 Expenditures: Principal Retirement 2,066,045 2, 111,906 Interest Payments 1,244, 123 1,390,017 Fiscal Charges 10, 754 6,982 Total Expenditures 3,320,922 3,508,905 Excess of Revenues Over Expenditures 499, 122 40,918 Other Financing Sources: Operating Transfers In 10, 762 0 Total Other Financing Sources 10, 762 0 Excess of Revenues and Other Financing Sources Over Expenditures 509,884 40,918 Fund Balances, October 1 871,871 830,953 Fund Balances, September 30 $ 1,381,755 $ 871,871 - 97 - -98 - CAPITAL PROJECTS FUNDS Capital projects funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds. Capital Equipment -to account for the cost of acquisition and replacement of vehicles and equipment to be made with funds provided by operating funds. 1982 Series II Bond -to account for the cost of parks and street improvements, c\ty hall and warehouse construction, and a traffic signalization project to be made with funds provided by proceeds of the 1982 Series II issue of general obligation bonds. 1 984 Bond -to account for the cost of street improvements, building construction, and park improvements to be made with funds provided by proceeds of the 1 984 Series of general obligation bonds. 1 989 Bond -to account for the cost of street improvements and the renovation of the public services building to be made with funds provided by proceeds of the 1 989 Series of general obligation bonds. 1 991 Bond -to account for the cost of street improvements and parks improvements made with funds provided by proceeds of the 1991 Series of general obligation bonds. -99 - CITY OF COLLEGE STATION, TEXAS CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Capital 1982 Series II 1984 Equipment Bond Bond Assets: Equity in Cash and Cash Equivalents $ 94,925 $ 111,371 $ 29,973 Equity in Investments 309,530 377,762 97,733 Receivables: Accrued Interest 2,600 8,5'58 4,766 Grants 0 0 0 Prepaid Costs 0 0 0 Total Assets $ 407,055 $ 497,691 $ 132,472 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 0 $ 261,680 $ 0 Retainage Payable 2,324 36,393 7,736 Accrued Liabilities 0 0 0 Customer Construction Advances 0 0 0 Total Liabilities 2,324 298,073 7,736 Fund Balances: Reserved: Reserved for Encumbrances 273,414 191,734 211,943 Reserved for Prepaids 0 0 0 Unreserved Designated for: General. Government Projects 0 7,884 0 Parks Projects 0 0 0 Streets Projects 0 0 0 Unreserved Undesignated 131,317 0 (87,207) Total Fund Balances 404,731 199,618 124,736 Total Liabilities and Fund Balances $ 407,055 $ 497,691 $ 132,472 -100 - Totals 1989 1991 Bond Bond 1994 1993 $ 305,584 $ 438,714 $ 980,567 $ 856,998 996,434 1,430,541 3,212,000 3, 166,465 46,905 58,496 121,325 143,418 0 0 0 28,423 0 1,000 1,000 0 $ 1,348,923 $ 1,928,751 $ 4,314,892 $ 4, 195,304 $ 0 $ 26,944 $ 288,624 $ 674,628 0 10,276 56,729 72,545 0 0 0 373 0 75,000 75,000 50,000 0 112,220 420,353 797,546 26,505 1,231,680 1,935,276 1, 162,837 0 1,000 1,000 0 0 0 7,884 272,902 15,984 0 15,984 15,984 0 308,220 308,220 1,235,707 1,306,434 275,631 1,626, 175 710,328 1,348,923 1,816,531 3,894,539 3,397,758 $ l,348,923 $ 1,928,751 $ 4,314,892 $ 4, 195,304 - 101 - CITY OF COLLEGE STATION, TEXAS CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Capital 1982 Series II 1984 Equipment s"ond Bond Revenues: Grants $ 0 $ 0 $ 0 Special Assessments 0 0 0 Interest on Investments 4,093 16,088 6,357 Contributions 0 0 0 Reimbursed Expenses 0 10,000 0 Other 0 374 0 Total Revenues 4,093 26,462 6,357 Expenditures: Current: Reimbursed Administrative 30,000 0 1,792 Other 0 0 0 Capital Outlay 197,250 338,842 16,747 Debt Servir.e: Bond Issuance Costs 0 0 0 Total Expenditures 227,250 338,842 18,539 Excess (Deficiency) of Revenues Over (Under) Expenditures (223, 157) (312,380) (12,182) Other Financing Sources (Uses): Proceeds from Long Term Debt Issuance 1,000,000 180,000 0 Operating Transfers In 105,000 0 0 Operating Transfers Out 0 0 0 Total Other Financing Sources (Uses) 1J105,000 180,000 0 Excess (Deficiency) of Revenues and Other Financing Sources Over (Under) Expenditures and 881,843 (132,380) (12,182) Other Financing Uses Fund Balances (Deficit), October 1 (477, 112) 331,999 136,918 Fund Balances, September 30 $ 404;731 $ 199,619 $ 124,736 -102 - $ 1989 Bond 0 0 65,016 0 0 0 65,016 21,390 0 8,268 0 29,658 35,358 0 0 0 0 35,358 1,313,565 $ 1,348,923 $ 1991 Bond 0 0 72,406 0 0 0 72,406 58,022 0 1,004,241 0 1,062,263 (989,857) 0 714,000 0 714,000 (275,857) 2,092,388 $ 1,816,531 $ $ 1994 0 0 163,960 0 10,000 374 174,334 111,204 0 1,565,348 0 1,676,552 (1,502,218) 1, 180,000 819,000 0 1,999,000 496,782 3,397,758 3,894,540 -103 - Totals $ $ 1993 90,841 40,000 268,942 26,991 0 0 426,774 200,506 22,022 3, 174,360 0 3,396,888 (2,970, 114) 0 425,251 (186,557) 238,694 (2, 731,420) 6,129,178 3,397, 758 CITY OF COLLEGE STATION, TEXAS CAPITAL EQUIPMENT FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 94,925 $ 0 Equity in Investments 309,530 0 Receivables: Accrued Interest 2,600 0 Grants 0 0 Total Assets $ 407,055 $ 0 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 0 $ 474,788 Retainage Payable 2,324 2,324 Total Liabilities 2,324 477,112 Fund Balances: Reserved for Encumbrances 273,414 89,932 Unreserved Undesignated 131,317 (567,044) Total Fund Balance (Deficit) 404,731 (477, 112) Total Liabilities and Fund Balance $ 407,055 $ 0 - 104 - CITY OF COLLEGE STATION, TEXAS CAPITAL EQUIPMENT FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Revenues: Interest on Investments $ 4,093 $ 0 Total Revenues 4,093 0 Expenditures: Current: Interest 0 21,051 Reimbursed Administrative 30,000 0 Capital Outlay 197,250 434,440 Total Expenditures 227,250 455,491 Deficiency of Revenues Under Expenditures (223, 157) (455,491) Other Financing Sources: Proceeds from Long Term Debt Issuance 1,000,000 0 Operating Transfers In 105,000 0 Total Other Financing Sources 1, 105,000 0 Excess (Deficiency) of Revenues and Other Financing Sources Over (Under) Expenditures 881,843 (455,491) Fund Deficits, October 1 (477,112} (21,621) Fund Balance (Deficit), September 30 $ 404, 731 $ (477, 112} - 105 - CITY OF COLLEGE STATION, TEXAS CAPITAL EQUIPMENT FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest on Investments $ 98,300 $ 4,093 $ (94,207} Total Revenues 98,300 4,093 (94,207) Expenditures: Current: Reimbursed Administrative 30,000 30,000 0 Capital Outlay 1, 158,543 197,250 961,293 Total Expenditures 1, 188,543 227,250 961,293 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,090,243) (223, 157) 867,086 Other Financing Sources: Proceeds from Long Term Debt Issuance 2,774,000 1,000,000 (1,774,000) Operating Transfers In 0 105,000 105,000 Total Other Financing Sources 2,774,000 1, 105,000 (1,669,000) Excess (Deficiency) of Revenues and Other Financing Sources Over (Under) Expenditures 1,683, 757 881,843 (801,914) Fund Deficits, October 1 0 (477,112) (477,112) Fund Balances, September 30 $ 1,683,757 $ 404, 731 $ (1,279,026) -106 - CITY OF COLLEGE STATION, TEXAS 1 982 SERIES II BOND FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 99 3 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 111,371 $ 217,010 Equity in Investments 377, 762 112,515 Receivables: Accrued Interest 8,558 4,077 Grants 0 25,000 Total Assets $ 497,691 $ 358,602 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 261,680 $ 286 Retainage Payable 36,393 25,944 Accrued Liabilities 0 373 Total Liabilities 298,073 26,603 Fund Balances: Reserved: Reserved· for Encumbrances 191,734 59,097 Unreserved Designated for: General Government Projects 7,884 272,902 Total Fund Balances 199,618 331,999 Total Liabilities and Fund Balances $ 497,691 $ 358,602 -107 - CITY OF COLLEGE STATION, TEXAS 1982 SERIES II B OND FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ended September 30, 1994 and 1993 Revenues: Grants Interest on Investments Reimbursed Expenses Other Total Revenues Expenditures: Current: Reimbursed Administrative Other Capital Outlay Total Expenditures Deficiency of Revenues Under Expenditures Other Financing Sources: Proceeds from Long Term Debt Issuance Operating Transfers In Total Other Financing Sources Deficiency of Revenues and Other Financing Sources Under Expenditures Fund Balances, October 1 Fund Balances, September 30 - 108 - $ $ 1994 0 16,088 10,000 374 26,462 0 0 338,842 338,842 (312,380) 180,000 0 180,000 (132,380) 331,999 199,619 $ 1993 25,000 0 0 0 25,000 52, 199 971 1,590,575 1,643,745 (1,618,745) 0 425,251 425,251 ( 1, 193,494) 1,525,493 $ 331,999 CITY OF COLLEGE STATION, TEXAS 1982 SERIES II BOND FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE,S BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest on Investments $ 3, 100 $. 16,088 $ 12,988 Reimbursed Expenses 0 10,000 10,000 Other 0 374 374 Total Revenues 3,100 26,462 23,362 Expenditures: Current: Reimbursed Administrative 1, 140 0 1, 140 Capital Outlay 63,537 338,842 (275,305) Total Expenditures 64,677 338,842 (274, 165) Deficiency of Revenues Under Expenditures (61,577) (312,380) (250,803) Other Financing Sources: Proceeds from Long Term Debt Issuance 0 180,000 180,000 Total Other Financing Sources 0 180,000 180,000 Deficiency of Revenues and Other Financing Sources Under Expenditures (61,577) (132,380) (70,803) Fund Balances (Deficits), October 1 (360,000) 331,999 (28,001) Fund Balances (Deficits), September 30 $ 298,423 $ 199,619 $ (98,804) -109 - CITY OF COLLEGE STATION, TEXAS 1 984 BOND FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1 993 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 29,973 $ 29,587 Equity in Investments 97,733 109,318 Receivables: Accrued Interest 4,766 5,749 Total Assets $ 132,472 $ 144,654 Liabilities and Fund Balances: Liabilities: Retainage Payable $ 7,736 $ 7,736 Total Liabilities 7,736 7,736 Fund Balances: Reserved: Reserved for Encumbrances 211,943 251,018 Unreserved Undesignated (87,207) (114, 100) Total Fund Balances 124,736 136,918 Total Liabilities and Fund Balances $ 132,472 $ 144,654 - 110 - CITY OF COLLEGE STATION, TEXAS 1984 BOND FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Revenues: Interest on Investments $ 6,357 $ 13, 702 Contributions 0 22,500 Total Revenues 6,357 3 6,20 2 Expenditures: Current: Reimbursed Administrative 1,792 29,28 1 Capital Outlay 16 ,747 120, 795 Total Expenditures . 18,539 150,076 Deficiency of Revenues Under Expenditures (12, 182) (113,874) Fund Balances, October 1 136,918 250,792 Fund Balances, September 30 $ 124J36 $ 136,9 18 -111 - CITY OF COLLEGE STATION, TEXAS 1984 BOND FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest on Investments $ 9,200 $ 6,357 $ (2,843) Total Revenues 9,200 6,357 (2,843) Expenditures: Current: Reimbursed Administrative 6,460 1,792 4,668 Capital Outlay 331,018 16,747 314,271 Total Expenditures 337,478 18,539 318,939 Excess (Deficiency) of Revenues Over (Under) Expenditures (328,278) (12,182} 316,096 Fund Balances, October 1 125,000 136,918 11,918 Fund Balances (Deficits), September 30 $ (203,278) $ 124,736 $ 328,014 -112 - CITY OF COLLEGE STATION, TEXAS 1 989 BOND FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 305,584 $ 131,244 Equity in Investments 996,434 1, 174,222 Receivables: Accrued Interest 46,905 53,416 Total Assets $ 1,348,923. $ 1,358,882 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 0 $ 45,317 Total Liabilities 0 45,317 Fund Balances: Reserved: Reserved for Encumbrances 26,505 20,422 Unreserved Designated for: Parks Projects 15,984 15,984 Unreserved Undesignated 1,306,434 1,277,159 Total Fund Balances 1,348,923 1,313,565 Total Liabilities and Fund Balances $ 1,348,923 $ 1,358,882 -113 - CITY OF COLLEGE STATION, TEXAS 1 989 BOND FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Revenues: Special Assessments $ 0 $ 40,000 Interest on Investments 65,016 97,792 Contributions 0 4,491 Total Revenues 65,016 142,283 Expenditures: Current: Reimbursed Administrative 21,390 51,844 Capital Outlay 8,268 85, 186 Total Expenditures 29,658 137,030 Excess of Revenues Over Expenditures 35,358 5,253 Other Financing Uses: Operating Transfers Out . 0 186,557 Total Other Financing Uses 0 186,557 Excess (Deficiency) of Revenues Over (Under) Expenditures and Other Financing Uses 35,358 (181,304) Fund Balances, October 1 1,313,565 1,494,869 Fund Balances, September 30 $ 1,348,923 $ 1,313,565 -114 - CITY OF COLLEGE STATION, TEXAS 1989 BOND FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance . Favorable Budget Actual (Unfavorable) Revenues: Interest on Investments $ 46, 100 $ 65,016 $ 18,916 Total Revenues 46, 100 65,016 18,916 Expenditures: Current: Reimbursed Administrative 29,260 21,390 7,870 Capital Outlay 797,927 8,268 789,659 Total Expenditures 827,187 29,658 797,529 Excess (Deficiency) of Revenues Over (Under) Expenditures (781,087) 35,358 816,445 Fund Balances, October 1 1,300,000 1,313,565 13,565 Fund Balances, September 30 $ 518,913 $ 1,348,923 $ 830,010 -11 5 - CITY OF COLLEGE STATION, TEXAS 1 991 BOND FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 1994 1993 Assets: Equity in Cash and Cash Equivalents $ 438,714 $ 479, 157 Equity in Investments 1,430,541 1,770,410 Receivables: Accrued Interest 58,496 80, 176 Grants 0 3,423 Prepaid Costs 1,000 0 Total Assets $ 1,928,751 $ 2,333, 166 Liabilities and Fund Balances: Liabilities: Accounts Payable $ 26,94.4 $ 154,237 Retainage Payable 10,276 36,541 Customer Construction Advances 75,000 50,000 Total Liabilities 112,220 240,778 Fund Balances: Reserved: Reserved for Encumbrances 1,231,680 742,368 Reserved for Prepaids 1,000 0 Unreserved Designated for: Streets Projects 308,220 1,235,707 Unreserved Undesignated 275,631 114,313 Total Fund Balances 1,816,531 2,092,388 Total Liabilities and Fund Balances $ 1,928, 751 $ 2,333, 166 - 116 - CITY OF COLLEGE STATION, TEXAS 1991 -BOND FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES For the Fiscal Years Ended September 30, 1994 and 1993 Revenues: Grants Interest on Investments . TotaJ Revenues Expenditures: Current: Reimbursed Administrative Capital Outlay Total Expenditures Deficiency of Revenues Under Expenditures Other Financing Sources: Operating Transfers In Total Other Financing Sources Deficiency of Revenues and Other Financing Sources Under Expenditures Fund Balances, October 1 Fund Balances, September 30 $ 1994 0 72,406 72,406 58,022 1,004,241 1,062,263 (989,857) 714,000 714,000 (275,857) 2,092,388 $ 1,816,531 -117 - $ 1993 65,841 157,448 223,289 67, 182 943,364 1,010,546 (787,257) 0 0 (787,257) 2,879,645 $ 2,092,388 CITY OF COLLEGE STATION, TEXAS 1991 BOND FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Revenues: Interest on Investments $ 150,600 $ 72,406 $ (78, 194) Total Revenues 150,600 72,406 (78, 194) Expenditures: Current: Reimbursed Administrative 93, 100 58,022 35,078 Capital Outlay 3,389,082 1,004,241 2,384,841 Total Expenditures 3,482, 182 1,062,263 2,419,919 Excess (Deficiency) of Revenues Over (Under) Expenditures (3,331,582) (989,857) 2,341, 725 Other Financing Sources: Proceeds from Long Term Debt Issuance 2,000,000 0 (2,000,000), Operating Transfers In 714,000 714,000 0 Total Other Financing Sources 2,714,000 714,000 (2,000,000) Excess (Deficiency) of Revenues and Other Financing Sources Over (Under) Expenditures (617,582) (275,857) 341,725 Fund Balances (Deficit), October 1 2, 100,000 2,092,388 (7,612) Fund Balances, September 30 $ 1,482,418 $ 1,816,531 $ 334, 113 -118 - ENTERPRISE FUNDS Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business enterprises. In these funds, the intent of the government's council is that costs of providing goods or services to the general public on · a continuing basis will be financed or recovered primarily through user charges, or where the government's council has decided that periodic -determination of net income is appropriate for accountability purposes. Electric -to account for revenues and expenses related to the operation and maintenance of the electric systems of the City. All activities necessary to provide such services are accounted for in this fund and include, but are not limited to, administration, operations, maintenance, utility billing and collections, meter reading, and financing and related debt service. Water -to account for revenues and expenses related to the operation and maintenance of the water systems of the City. All activities necessary to provide such services are accounted for in this fund and include, but are not limited to, administration, operations, maintenance, and financing and related debt service. Sewer -to account for revenues and expenses related to the operation and maintenance of the sewer systems of the City. All activities necessary to provide such services are accounted for in this fund and include, but are not limited to, administration, operations, maintenance, and financing and related debt service. Solid Waste Collection -to account for all sanitation collection and disposal activities by the City for both residential and commercial residents. - 119 - CITY OF COLLEGE STATION, TEXAS ENTERPRISE FUNDS COMBINING BALANCE SHEET September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Electric Water Sewer Assets Current Assets: Equity in Cash and Cash Equivalents $ 2,266,720 $ 0 $ 297,945 Equity in Investments 7,391,225 0 971,527 Receivables: Accrued Interest 432,330 0 74,095 Accounts 4,697,534 313,400 287,331 Special Assessments 0 0 0 Other 575,009 0 0 Less Allowance for Uncollectible Accounts (658,834) (7,392) (8,236) lntertund Receivables 175,173 0 0 Inventories 931,113 266,467 9,083 Prepaid Costs 1,750 0 600 Total Current Assets 15,812,020 572,475 1,632,345 Restricted Assets: Equity in Cash and Cash Equivalents 0 260,704 491,427 Equity in Investments 0 850,091 1,602,424 Receivables: Accrued Interest 15.707 31,415 54,596 Accounts 0 0 0 Special Assessments 0 2,088 3,984 Total Restricted Assets 15,707 1, 144,298 2, 152,431 Note Receivable from Joint Venture 0 0 0 Equity in Joint Venture 0 0 0 Advance to Other Funds 829, 184 0 0 Deferred Charges: Water Well 0 1, 167,075 0 Bond Issuance Costs 62,313 33,542 169,455 Accumulated Amortization (7,803) (1,038,369) (16,492) Total Deterred Charges 54,510 162,248 152,963 Property and Equipment: Utility Plant 27, 700,885 32,619,794 25,971,595 Buildings 0 898,760 811,654 Machinery and Equipment 171,470 535,483 1,200,864 Accumulated Depreciation (9,539,961) (9, 162,963) (6, 193,199} Construction in Progress 3,922,076 414,785 1,075,005 Land 0 529,609 447, 178 Total Property and Equipment, Net 22,254,470 25,835,468 23,313,097 Total Assets $ 3819651891 $ 27J141489 $ 27,250,836 - 120 - Totals Solid Waste 1994 1993 $ 136, 125 $ 2,700,790 $ 2,008,062 443,869 8,806,621 7,419,459 45,313 551,738 449,567 182,823 5,481,088 5,441,623 0 0 4,794 0 575,009 461,451 (6,383) (680,845) (549,825) 0 175,173 163,922 18, 188 1,224,851 1,490,215 0 2,350 3,575 819,935 18,836, 775 16,892,843 0 752, 131 1,715,438 0 2,452,515 6,338,264 0 101,718 189,516 0 0 51,567 0 6,072 1,865 0 3,312,436 8,296,650 673,996 673,996 758,599 949,673 949,673 295,597 0 829, 184 1,004,357 0 1, 167,075 1, 167,075 0 265,310 265,310 .0 (1,062,664) (1,030,855) 0 369,721 401,530 0 86,292,274 71,937,308 0 1,710,414 1,710,414 2,412, 759 4,320,576 4,303,412 (1,526,695) (26,422,818) (23,499,604) 0 5,411,866 7,329,529 0 976,787 955,932 886,064 72,289,099 62,736,991 $ 3 329 668 $ 97 260 884 $ 90 386 567 (Continued) -121 - CITY OF COLLEGE STATION, TEXAS ENTERPRISE FUNDS COMBINING BALANCE SHEET September 30, 1 994 (With comparative totals for the fiscal year ended September 30, 1993) (Continued) Electric Water Sewer Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 2,615,978 $ 72, 179 $ 72,039 Accrued Interest Payable 0 7,583 0 Retainage Payable 4,793 0 0 lnterfund Payable 0 0 0 Obligation Under Capital Lease 0 227,960 0 Accrued Liabilities 297,223 39,816 42,256 Customer Construction Advances 24,382 1,800 400 Other Deferred Revenues 2,760 350 0 Total Current Liabilities 2,945, 136 349,688 114,695 Current Liabilities Payable from Restricted Assets: Accounts Payable 236,677 23,945 252,737 Accrued Interest Payable 80, 165 107,818 150,277 Retainage Payable 65,978 27,857 24,942. Refundable Deposits 1,800,972 0 0 Revenue Bonds 571,250 1, 122,400 931,350 General Obligation Bonds 134,750 126,500 117,620 Certificates of Obligation 13, 100 6,550 6,550 Miscellaneous Accrued Liabilities 0 0 0 Total Current Liabilities Payable from Restricted Assets 2,902,892 1,415,070 1,483,476 Noncurrent Liabilities: Revenue Bonds 4,489,078 5,883,256 8,837,666 Unamortized Premium on Bonds 1,625 774 5,338 General Obligation Bonds 423,500 257,000 337,290 Certificates of Obligation 52,400 26,200 26,200 Obligation Under Capital Lease 0 1, 104,297 0 Advances from Other Funds 0 0 0 Accrued Vacation 114,569 27,740 36,944 Total Noncurrent Liabilities 5,081,172 7,299,267 9,243,438 Total Liabilities 10,929,200 9,064,025 10,841,609 Fund Equity: Contributed Capital 3,486,373 6,751,552 6,671,696 Retained earnings: Reserved for Debt Service 788,446 171,303 882,516 Reserved for Capital Projects 0 817,088 1,461,083 Unappropriated 23,761,872 10,910,521 7,393,932 Total Fund Equity 28,036,691 18,650,464 16,409,227 Total Liabilities and Fund Equity $ 38,965,891 $ 27J14,489 $ 27,250,836 -122 - Totals Solid Waste 1994 1993 $ 15, 140 $ 2,775,336 $ 3, 124,296 0 7,583 0 0 4,793 4,793 175,173 175,173 . 163,922 0 227,960 494,221 28,294 407,589 335, 181 0 26,582 32,407 0 3, 110 2,626 218,607 3,628, 126 4, 157,446 0 513,359 275,524 0 338,260 397,537 0 118,777 189,846 0 1,800,972 1,834,449 0 2,625,000 2,335,000 0 378,870 378,955 0 26,200 26,200 0 0 22 0 5,801,438 5,437 ,533 0 19,210,000 21,835,000 0 7,737 8, 149 0 1,017,790 1,396,660 0 104,800 131,000 0 1, 104,297 1,332,257 829, 184 829, 184 1,004,357 28,642 207,895 196, 712 857,826 22,481,703 25,904, 135 1,076,433 31,911,267 35,499, 114 54,901 16,964,522 10,704, 165 0 1,842,265 3,368,073 0 2,278, 171 11,767,099 2, 198,334 44,264,659 29,048, 116 2,253,235 65,349,617 54,887,453 $ 3,329,668 $ 97,260,884 $ 90.386,567 - 123 - CITY OF COLLEGE STATION, TEXAS ENTERPRISE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Electric Water Sewer Operating Revenues: Electric Sales $ 32,658,787 $ 0 $ 0 Water Sales 0 5,843,051 0 Sewer Service 0 0 5,027,766 Garbage Collection Fees 0 0 0 Charges for Services 590, 127 0 0 Other 572,466 359,473 188,639 Total Operating Revenues 33,821,380 6,202,524 5,216,405 Operating Expenses: Purchased Power 22,693,021 0 0 Salaries and Benefits 2,716,423 1,029,400 1,031,551 Supplies 157,457 107,284 160,550 Maintenance 414,188 230,473 203,038 Purchased Professional Services 571,338 29,609 77,908 Purchased Property Services 191,502 533,857 521,595 Other Purchased Services 481,911 140,951 177, 704 Reimbursed Administrative 450,801 853, 137 703,982 Depreciation 906,734 875,564 666,930 Other 203,789 17, 185 0 Total Operating Expenses 28,787, 164 3,817,460 3,543,258 Operating Income 5,034,216 2,385,064 1,673,147 Nonoperating Revenues (Expenses): Interest Earnings 747,747 32,983 177,507 Reimbursed Expenses 158,234 2,216 15,000 Contributions 0 0 0 Earnings (Loss) in Joint Venture 0 0 0 Interest Expense (634,578) (754, 139) (751,173) Other, Net (85,700) 255 11,229 Total Nonoperating Revenues (Expenses) 185,703 (718,685) (547,437) Income Before Operating Transfers 5,219,919 1,666,379 1,125,710 Operating Transfers: Operating Transfers In 0 0 0 Operating Transfers Out (3, 116,079) (600,000) (550,000) Total Operating Transfers (3, 116,079} (600,000) (550,000) Income Before Extraordinary Item 2, 103,840 1,066,379 575,710 Extraordinary Item -Loss on Refunding 0 0 0 Net Income 2, 103,840 1,066,379 575,710 Retained Earnings, October 1, As Restated 22,446,478 10,832,533 9,161,821 Retained Earnings, September 30 $ 24,550,318 $ 11,898,912 $ 9,737,531 -124 - Totals Solid Waste Collection 1994 1993 $ 0 $ 32,658,787 $ 28,464,801 0 5,843,051 5,734,669 0 5,027,766 4,587,982 3,002,046 3,002,046 2,570,879 0 590, 127 546,693 �8, 736 1,169,314 897,823 3,050,782 48,291,091 42,802,847 0 22,693,021 19,334,322 819,672 5,597,046 5,094,683 125, 164 550,455 433,596 118,914 966,613 892,428 98,369 777,224 467,341 679,.340 1,926,294 1,834,299 232,096 1,032,662 916,282 405,899 2,413,819 2,361,698 293,452 2,742,680 2,598,954 12,612 233,586 44,291 2,785,518 38,933,400 33,977,894 265,264 9,357,691 8,824,953 85,827 1,044,064 1,158,716 1,249 176,699 170,771 5,000 5,000 0 654,076 654,076 (54,441) (76, 106) (2,215,996) (2, 118,495) 5,770 (68,446) (219,341) 675,816 (404,603) ( 1,062, 790) 941,080 8,953,088 7,762,163 0 0 1,950 (141,450) (4,407 ,529) (4,268,454) ( 141,450) (4,407,529) (4,266,504) 799,630 4,545,559 3,495,659 0 0 (129,938) 799,630 4,545,559 3,365,721 1,398,704 43,839,536 40,817,567 $ 2, 198,334 $ 48,385,095 $ 44, 183,288 - 125 - CITY OF COLLEGE STATION, TEXAS ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1 993) Electric Water Sewer Cash Flows from Operating Activities: Cash Received from Customers $ 33,701,035 $ 6,401,662 $ 5, 163,083 Cash Payments to Suppliers for Goods and Services (24,430, 350) (2,605, 778) (1,823,519) Cash Payments to Employees for Services (2,652,713) (1,026,550) (1,012,972) Customer Deposits Received 752,813 0 0 Customer Deposits Returned (786,290) 0 0 Cash Received from Contributions 0 0 0 Cash Received for Reimbursed Expenses 44,676 2, 126 15,000 Cash Received from Sale of Scrap 9, 111 0 402 Cash Received from Collection Fees 6,676 0 0 Cash Received from Leases 11,287 300 0 Cash Received from Miscellaneous Revenues 59,949 24,749 13,002 Cash Paid for Special Projects (2, 192) 0 0 Cash Paid for Miscellaneous Expenses (3,955) 0 (11,556) Net Cash Provided by Operating Activities 6 710 047 2,796,509 2,343,440 Cash Flows from Noncapital Financing Activities: · Principal Received on Note 0 0 0 Interest Received on Note 0 0 0 Prihcipal Received on Advance to Other Funds 163,922 0 0 Interest Received on Advance to Other Funds 76, 106 0 0 Operating Transfers In from Other Funds 0 0 0 Operating Transfers Out to Other Funds (3, 116,079) (600,000) (550,000) Cash Subsidies Paid to Public Agencies (165,000) 0 0 Net Cash Used by Noncapital Financing Activities (3,041,051) (600,000) (550,000) Cash Flows from Capital and Related Financing Activities: Acquisition and Construction of Capital Assets (4,442,633) (378,201) (1,412,605) Proceeds from Sale of Assets 19, 776 2,425 12,525 Capital Contributed by Developers 0 0 36,041 Principal Paid on Revenue Bonds (500,372) (1,089,944) (744,684) Principal Paid on General Obligation Bonds (134, 750) (126,500) (117,705) Principal Paid on Certificates of Obligation (13,100) (6,550)· (6,550) Principal Paid on Obligation under Capital Lease 0 (494,221) 0 Principal Paid on Advance from Other Funds 0 0 0 Interest Paid on Revenue Bonds (414, 185) (651,819) (750, 144) Interest Paid on General Obligation Bonds (31,281) (17,419) (24,420) Interest Paid on Certificates of Obligation (9,432) (4,716) (4,716) Interest Paid on Obligation Under Capital Lease 0 (98,778) 0 Interest Paid on Advance from Other Funds 0 0 0 Interest Paid to Other Funds (192,259) 0 0 Fees Paid to Fiscal Agent (1,721) (2,277) (2,618) Proceeds from Revenue Bonds 0 0 0 Net Cash Used by Capital and Related Financing Activities (5, 719,957) (2,868,000) (3,014,876) Cash Flows from Investing Activities: Purchase of Investments (4,302,430) (494,837) (4,421,83 7) Proceeds from Sale and Maturities of Investments 5,638, 184 1,013,429 5,288,679 interest on Investments 619,988 43 172 212J22 Net Cash Provided (Used) by Investing Activities 1,955, 742 561,764 1,079,564 Net Increase (Decrease) in Cash (95,219) (109,727) (141,872) Cash and Cash Equivalents, October 1 2,361,939 370,431 931,244 Cash and Cash Equivalents, September 30 $ 2,266,720 $ 260,704 $ 789,372 -126 - Totals Solid Waste Collection 1994 1993 $ 3,037,413 $ 48,303, 193 $ 43, 149,301 (1,674,453) (30,534, 100) (28, 628, 542) (817,890) (5,510,125) (5,049,378) 0 752,813 889,240 0 (786,290) . (952,873) 5,000 5,000 0 1,249 63,051 108,392 0 9,513 18,633 0 6,676 6,525 0 11,587 9,515 21,770 119,470 211,768 0 (2, 192) (49,418) 0 (15 511) (11 737) 573,089 12,423,085 9,701,426 84,603 84,603 78,220 59,029 59,029 62,852 0 163,922 153,393 0 76, 106 86,635 0 0 1,950 (141,450) (4,407,529) (4,268,454) (16,000) (181,000) (206,000) (13,818) (4,204,869) (4,091,404) (39,078) (6,272,517) (5,564,564) 0 34,726 22,012 0 36,041 64,053 0 (2,335,000) (2,375,000) 0 (378,955) (370, 795) 0 (26,200) (26,200) 0 (494,221) (451,983) (163,922) (163,922) (153,393) 0 (1,816, 148) (1,720,928) 0 (73, 120) (125,450) 0 (18,864) (22,008) 0 (98,778) (141,016) (76, 106) (76, 106) (86,635) 0 (192,259) 0 0 (6,616) (5,477) 0 0 4,568,094 (279, 106) (11,881,939) (6,389,290) (258,376) (9,477,480) (6,239,695) 35,775 11,976,067 8,845,289 18,675 894,557 833,095 (203,926) 3 393 144 3,438,689 76,239 (270,579) 2,659,421 59 886 3,723,500 1 064 079 $ 136, 125 $ 3,452,921 $ 3,723,500 (Continued) - 12 7 - CITY OF COLLEGE STATION, TEXAS ENTERPRISE FUNDS COMBINING STATEMENT OF CASH FLOWS For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1 993) (Continued) Electric Water Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating Income $ 5,034,216 $ 2,385,064 $ Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 906,734 875,564 Amortization 3,459 1,873 Provision for Uncollectible Accounts 146, 180 (15,652) Miscellaneous Revenues 250,598 27, 175 Miscellaneous Expenses (6,147) 0 Change in Assets and Liabilities: Change in Accounts .Receivable (120,345) 199,138 Change in Other Receivables (113,558) 0 Change in Inventory 294, 193 (14,627) Change in Prepaid Costs 1,225 0 Change in Accounts Payable 302,684 (664,880) Change in Accrued Liabilities 42,608 10,641 Change in Deferred Revenues (5,341) 0 Change in Refundable Deposits (33,477) 0 Change in Accrued Vacation 7,018 (7,787) Total Adjustments 1,675,831 411,445 Net Cash Provided by Operating Activities $ 6,710,047 $ 2,796,509 $ Noncash Financing, Capital, and Investing Activities: Sewer 1,673, 147 666,930 8,923 (318) 28,404 (11,556) (53,322) 0 (1,855) 0 14,524 11,380 0 0 7, 183 670,293 2,343,440 During the fiscal year, the Water and Sewer Funds added capital contributed by developers in the amount of $3,659, 759 and $2,564,557, respectively. - 128 - $ $ Solid Waste Collection 265,264 293,452 0 810 28,019 0 (13,369) 0 (12,347) 0 (1,288) 7,779 0 0 4,769 307,825 573,089 $ $ Totals 1994 1993' 9,357,691 $ 8,824,953 2,742,680 2,598,954 14,255 6,695 131,020 (187,494) 334, 196' 111,860 (17,703) (25,906) 12, 102 (530,586) (113,558) 193, 126 265,364 (271,702) 1,225 (2,975) (348,960) (1,027, 161) 72,408 60,762 (5,341) 7,903 (33,477) (63,633) 11, 183 6,630 3,065,394 876,473 12,423,085 $ 9, 701,426 - 129 - CITY OF COLLEGE STATION, TEXAS ELECTRIC FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 2,266,720 $ 1,667,999 Equity in Investments 7,391,225 6, 162,984 Receivables: Accrued Interest 432,330 347,359 Accounts 4,697,534 4,525,622 Other 575,009 461,451 Less Allowance for Uncollectible Accounts (658,834) (512,654) lnterfund Receivable 175, 173 163,922 Inventories 931, 113 1,225,306 Prepaid Costs 1,750 2,975 Total Current Assets 15,812,020 14,044,964 Restricted Assets: Equity in Cash and Cash Equivalents 0 693,940 Equity in Investments 0 2,563,995 Receivables: Accrued Interest 15,707 49,025 Accounts 0 51,567 Total Restricted Assets 15,707 3,358,527 Advance to Other Funds 829, 184 1,004,357 Deferred Charges: Bond Issuance Costs 62,313 62,313 Accumulated Amortization (7,803) (4,344) Total Deferred Charges 54,510 57,969 Property and Equipment: Utility Plant 27,700,885 22,770,861 Machinery and Equipment 171,470 116,721 Accumulated Depreciation (9,539,961) (8,687, 131) Construction in Progress 3,922,076 4,580,826 Total Property and Equipment 22,254,470 18, 781,277 Total Assets $ 38,965,891 $ 37,247,094 (Continued) - 130 - CITY OF COLLEGE STATION, TEXAS ELECTRIC FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1 993 (Continued) 1994 1993 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 2,615,978 $ 2,313,294 Retainage Payable 4,793 4,793 Accrued Liabilities 297,223 254,615 Customer Construction Advances 24,382 29,857 Other Deferred Revenues 2,760 2,626 Total Current Liabilities 2,945, 136 2,605, 185 Current Liabilities Payable from Restricted Assets: Accounts Payable 236,677 236, 189 Accrued Interest Payable 80, 165 92;744 Retainage Payable. 65,978 104, 114 Refundable Deposits 1,800,972 1,834,449 Revenue Bonds 571,250 500,372 General Oblig.ation Bonds 134,750 134,750 Certificates of Obligation 13, 100 1'3, 100 Total Current Liabilities Payable from Restricted Assets 2,902,892 2,915, 718 Noncurrent Liabilities: Revenue Bonds 4,489,078 5,060,328 Unamortized Premium on Bonds 1,625 1, 711 General Obligation Bonds 423,500 558,250 Certificates of Obligation 52,400 65,500 Accrued Vacation 114,569 107,551 Total Noncurrent Liabilities 5,081, 172 5,793,340 Total Liabilities 10,929,200 11,314,243 Fund Equity: Contributed Capital 3,486,373 3,486,373 Retained Earnings: Reserved for Debt Service 788,446 638,489 Reserved for Capital Projects 0 5,472,539 Unappropriated 23,761,872 16,335,450 Total Fund Equity 28,036,691 25,932,851 Total Liabilities and Fund Equity $ 38,965,891 $ 37,247,094 -131 - CITY OF COLLEGE STATION, TEXAS ELECTRIC FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Charges for Sales and Services: Electric Sales $ 32,658,787 $ 28,464,801 Charges for Services 590, 127 546,693 Other 572,466 583,219 Total Operating Revenues 33,821,380 29,594,713 Operating Expenses: Purchased Power 22,693,021 19,334,322 Salaries and Benefits 2, 716,423 2,430,043 Supplies 157,457 141,662 Maintenance 414,188 469,093 Purchased Professional Services 571,338 356,417 Purchased Property Services 191,502 151,896 Other Purchased Services 481,911 435, 125 Reimbursed Administrative 450,801 422,243 Depreciation 906,734 970,517 Other 203,789 25,031 Total Operating Expenses 28,787,164 24,736,349 Operating Income 5,034,216 4,858,364 Nonoperating Revenues (Expenses): Interest Earnings 747,747 812,912 Reimbursed Expenses 158,234 153,683 Interest Expense (634,578) (450,460) Other, Net (85,700) (202,837) Total Nonoperating Revenues (Expenses) 185,703 313,298 Income Before Operating Transfers 5,219,919 5, 171,662 Operating Transfers Out (3, 116,079) (2,871,704) Income Before Extraordinary Item 2, 103,840 2,299,958 Extraordinary Item -Loss on Refunding 0 (40,287) Net Income 2, 103,840 2,259,671 Retained Earnings, October 1 22,446,478 20, 186,807 Retained Earnings, September 30 $ 24,550,318 $ 22,446,478 -132 - CITY OF COLLEGE STATION, TEXAS ELECTRIC FUND SCHEDULE OF REVENUES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Electric Sales $ 30,668,588 $ 32,649,337 $ 1,980, 749 Forfeits, Discounts, and Penalties 310,000 309,923 (77) Electric Property Rentals 18,000 20,298 2,298 Connect Fees 80,000 242,246 162,246 Total Operating Revenues 31,076,588 33,221,804 2,145,216 Nonoperating Revenues: Interest Earnings 625,000 673,999 48,999 Reimbursed Expenses 134,300 158,234 23,934 Miscellaneous Nonoperating Revenue 20,500 137,508 117,008 Total Nonoperating Revenues 779,800 969,741 189,941 Energy Project Fund: Interest Earnings 20,000 23, 166 3, 166 Revenue Bond I & S Fund: Operating Transfers In 1,472, 144 1,472, 146 2 Electric Revenue Bond Funds: Interest Earnings 269,400 (192,259) (461,659) Other 0 (} 27) (127) Proceeds from Long-Term Debt 5,600,000 0 (5,600,000) Total Electric Revenue Bond Funds 5,869,400 (192,386) (6,061, 786) Utility Billing -Fund: Interest Earnings 0 50,582 50,582 Miscellaneous Nonoperating Revenues 1,500 478 (1,022) Total Utility Billing Fund Revenues 1,500 51,060 49,560 Total Electric Fund Revenues $ 39,219,432 $ 35,545,531 $ {3,673,901 i See reconciliation to GAAP basis on page 1 51 . -133 - CITY OF COLLEGE STATION, TEXAS ELECTRIC FUND SCHEDULE OF EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Budget Actual Administration: Salaries and Benet its $ 209,761 $ 176,239 Supplies 45,850 45,801 Maintenance 46,200 46, 141 Purchased Professional Services 87,078 67,948 Purchased Property Services 59,220 55,342 Other Purchased Services 73, 102 32, 149 Capital Outlay 113,477 79,357 Total Administration 634,688 502,977 Technical Services: Salaries and Benefits 905,113 905, 112 Supplies 108,532 108,522 Maintenance 132, 110 132,048 Purchased Professional Services 24,400 22,388 Purchased Property Services 20,084,528 22,776,769 Other Purchased Services 169,531 160,915 Capital Outlay 108,105 54,071 Total Technical Services 21,532,319 24, 159,825 Electric Transmission/Distribution: Salaries and Benet its 1,038,203 1,038, 139 Supplies 69,205 46,945 Maintenance 229,940 229,937 Purchased Professional Services 532,000 490,614 Purchased Property Services 22,870 22,908 Other Purchased Services 200,543 180,139 Capital Outlay 270,777 113,298 Total Electric Transmission/Distribution 2,363,538 2,121,980 Nondepartmental: Depreciation 750,000 875,716 Principal Payments 147,850 147,850 Interest Expense 40,713 40,713 Return on Investment 3, 116,079 3, 116,079 Special Programs/Projects 24,328 3,078 Reimbursed Debt Service 1,472, 144 1,472,146 Reimbursed Administrative 1,351,334 1,351,334 Public Agency Funding 165,000 165,000 Inventory Loss 0 1,303 Contingency 116,063 0 Total Nondepartmental 7,183,511 7, 173,219 (Continued) -134 - Variance Favorable (Unfavorable) $ 33,522 49 59 19, 130 3,878. 40,953 34, 120 131,711 1 10 62 2,012 (2,692,241) 8,616 54,034 (2,62 7 ,506) 64 ·22,260 3 41,386 (38) 20,404 157,479 241,558 (125,716) 0 0 0 21,250 (2) 0 0 (1,303) 116,063 10,292 CITY OF COLLEGE STATION, TEXAS ELECTRIC FUND SCHEDULE OF EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 (Continued) Variance Favorable Budget Actual (Unfavorable) Revenue Bond I & S Fund: Principal Payments 500,372 500,372 0 Interest Expense 414,178 414,185 (7) Fiscal Agent's Fees 4,200 1,721 2,479 Total Revenue Bond I & S Fund 918,750 916,278 2,472 Electric Revenue Bond Fund: Reimbursed Administrative 40,000 40,000 0 Capital Outlay 5,889,878 3,587,820 2,302,058 Contingency 200,000 0 200,000 Total Electric Revenue Bond Fund 6, 129,878 3,627,820 2,502,058 Energy Project Fund: Special Programs/Projects 163,250 36,544 126, 706 Total Energy Project Fund 163,250 36,544 126,706 Utility Billing Fund: Salaries and Benefits 892,742 850,891 41,851 Supplies 36, 100 32,350 3,750 Maintenance 12,500 12,397 103 Purchased Professional Services 800 704 96 Purchased Property Services 30,050 29,506 544 Other Purchased Services 115,985 95,268 20, 717 Capital Outlay 20,000 0 20,000 Total Utility Billing Fund 1,108,177 1,021, 116 87,061 Utility Billing Nondepartmental: Depreciation 0 31,018 (31,018) Reimbursed Administrative (1,530,661) (1,530,661) 0 Special Programs/Projects 0 2, 192 (2, 192) Miscellaneous 0 369 (369) Capital Outlay 450,000 113,056 336,944 Contingency 19,065 0 19,065 Expected Expenditure Savings (36,526) 0 (36,526) Total Utility Billing Nondepartmental (1,098, 122) (1,384,026) 285,904 Total Electric Fund Expenses $ 38,935,989 $ 38, 175,733 $ 760,256 See reconciliation to GAAP basis on page 1 51 . -135 - CITY OF COLLEGE STATION, TEXAS WATER FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 Assets Current Assets: Receivables: Accounts Less Allowance for Uncollectible Accounts Inventories Total Current Assets Restricted Assets: Equity in Cash and Cash Equivalents Equity in Investments Receivables: Accrued Interest Special Assessments Total Restricted Assets Deferred Charges: Water Well Bond Issuance Costs Accumulated Amortization Total Deferred Charges Property and Equipment: Utility Plant Buildings Machinery and Equipment Accumulated Depreciation Construction in Progress Land Total Property and Equipment Total Assets $ $ {Continued) -136 - 1994 313,400 (7,392) 266,467 572,475 260, 704 850,091 31,415 2,088 1, 144,298 1, 167,075 33,542 (1,038,369) 162,248 32,619,794 898,760 535,483 (9, 162,963) 414,785 529,609 25,835,468 27J14,489 $ $ 1993 512,538 (23,044) 251,840 741,334 370,431 1,368,683 41,604 1,865 1,782,583 1, 167,075 33,542 (1,018,943) 181,674 28,562,568 898,760 573,463 (8,118,981) 405,849 529,609 22,851,268 25,556,859 CITY OF COLLEGE STATION, TEXAS WATER FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 (Continued) Liabilities and Fund Equity Current Liabilities: Accounts Payable Accrued Interest Payable Obligations Under Capital Lease Accrued Liabilities Customer Construction Advances Other Def erred Revenues Total Current Liabilities Current Liabilities Payable from Restricted Assets: Accounts Payable Accrued Interest Payable Retainage Payable Revenue Bonds General Obligation Bonds Certificates of Obligation Miscellaneous Accrued Liabilities Total Current Liabilities Payable from Restricted Assets Noncurrent Liabilities: Reyenue Bonds Unamortized Premium on Bonds General Obligation Bonds Certificates of Obligation Obligation Under Capital Lease Accrued Vacation Total Noncurrent Liabilities Total Liabilities Fund Equity: Contributed Capital Retained Earnings: Reserved for Debt Service Reserved for Capital Projects Unappropriated Total Fund Equity Total Liabilities and Fund Equity $ 1994 72, 179 7,583 227,960 39,816 1,800 350 349,688 23,945 107,818 27,857 1, 122,400 126,500 6,550 0 1,415,070 5,883,256 774 257,000 26,200 1, 104,297 27,740 7,299,267 9,064,025 6,751,552 171,303 817,088 10,910,521 18,650,464 $ 27,714,489 -13 7 - $ 1993 737,059 0 494,221 29, 175 2, 150 0 1,262,605 1,422 126,410 19,704 1,089,944 126,500 6,550 22 1,370,552 7,005,656 '81 5 383,500 32, 750 1,332,257 35,527 8,790,505 11,423,662 3,091,793 1,531,855 3,495,385 6,014, 164 14, 133, 197 $ 25,556,859 CITY OF COLLEGE STATION, TEXAS WATER FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1 993 1994 1993 Operating Revenues: Charges for. Sales and Services: Water Sales $ 5,843,051 $ 5,734,669 Other 359,473 152,045 Total Operating Revenues 6,202,524 5,886,714 Operating Expenses: Salaries and Benefits 1,029,400 945,234 Supplies 107,284 83,539 Maintenance 230,473 194, 100 Purchased Professional Services 29,609 6,219 Purchased Property Services 533,857 618,740 Other Purchased Services 140,951 121,793 Reimbursed Administrative 853, 137 811,155 Depreciation 875,564 772,321 Other 17, 185 16,676 Total Operating Expenses 3,817,460 3,569,777 Operating Income 2,385,064 2,316,937 Nonoperating Revenues (Expenses): Interest Earnings 32,983 42,312 Reimbursed Expenses 2,216 16,895 Interest Expense (754, 139) (899,523) Other, Net 255 (23,255) Total Nonoperating Revenues (Expense,s) (718,685) (863,571) Income Before Operating Transfers 1,666,379 1,453,366 Operating Transfers Out (600,000) (692,550) Income Before Extraordinary Item 1,066,379 760,816 Extraordinary Item -Loss on Refunding 0 (43,502) Net Income 1,066,379 717,314 Retained Earnings, October 1 10,832,533 10,324,090 Retained Earnings, September 30 $ 11,898,912 $ 11 I 04 1 ,404 - 138 - CITY OF COLLEGE STATION, TEXAS WATER FUND SCHEDULE OF REVENUES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Water Sales $ 5,831,831 $ 5,864,531 $ 32,700 Forfeits, Discounts, Penalties 43,000 54,739 11, 739 Connect Fees 0 39,228 39,228 Water Taps 81,000 250, 100 169, 100 Total Operating Revenues 5,955,831 6,208,598 252, 767 Nonoperating Revenues (Expenses): Interest 0 (10,945) (10,945) Reimbursed Expenses 1, 100 2,216 1, 116 Miscellaneous Nonoperating Revenue 2,500 4,207 1,707 Total Nonoperating Revenues {Expenses) 3,600 (4,522) (8, 122) Revenue Bond I & S Fund: Operating Transfers In 1,647,528 1,647,528 0 Water Revenue Bond Fund: Interest on Investments 89,800 43,927 (45,873) Miscellaneous Nonoperating Revenue 0 157 157 Total Water Revenue Bond Fund 89,800 44,084 (45,716) Total Water Fund Revenues $ 7,696,759 $ 7,895,688 $ 198,929 See reconciliation to GAAP basis on page 1 51 . -139 - CITY OF COLLEGE STATION, TEXAS WATER FUND SCHEDULE OF EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS)· For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Water Production/Distribution/Engineering: Salaries and Benefits $ 1,109,910 $ 1,044,695 $ 65,215 Supplies 172,420 171,926 494 Maintenance 230,480 230,473 7 Purchased Professional Services 15,175 12,894 2,281 Purchased Property Services 1, 193,924 1,126,857 67,067 Other Purchased Services 152,356 140,950 1.1,406 Capital Outlay 450 450 0 Total Water Production/Distribution/Engineering 2,874, 715 2,728,245 146,470 Nondepartmental: Depreciation 772,000 875,564 (103,564) Principal Payments 133,050 133,050 0 Interest Expense 25,517 22, 135 3,382 Return on Investment 600,000 600,000 0 Reimbursed Debt Service 1,647,528 1,647,528 0 Reimbursed Administrative 816,085 816,085 0 Inventory Loss 0 62 (62) Contingency 49,088 0 49,088 Total Nondepartmental 4,043,268 4,094,424 (51,156) Revenue Bond I & S Fund: Principal Payments 1,089,944 1,089,944 0 interest Expense 651,833 651,819 14 Fiscal Agent's Fees 660 2,277 (1,617) Total Revenue Bond I & S Fund 1, 742,437 1,744,040 (1,603} Water Revenue Bond Fund: Purchased Professional Services 15,000 16,678 (1,678) Reimbursed Administrative 38,400 38,400 0 Capital Outlay 1,282,364 320,393 961,971 Contingency 50,000 0 50,000 Total Water Revenue Bond Fund 1,385,764 375,471 1,010,293 Total Water Fund Expenses $ 10,046,184 $ 8,942, 180 $ 1, 104,004 See reconciliation to GAAP basis on page 1 51 . -140 - - 141 - CITY OF COLLEGE STATION, TEXAS SEWER FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 297,945 $ 280, 177 Equity in Investments 971,527 1,035,207 Receivables: Accrued Interest 74,095 65,019 Accounts 287,331 234,009 Special Assessments 0 4,794 Less Allowance for Uncollectible Accounts (8,236) (8,554) Inventories . 9,083 7,228 Prepaid Costs 600 600 Total Current Assets 1,632,345 l,618,480 Restricted Assets: Equity in Cash and Cash Equivalents 491,427 651,067 Equity in Investments 1,602,424 2,405,586 Receivables: Accrued Interest 54,596 98,887 Special Assessments 3,984 0 Total Restricted Assets 2, 152,431 3, 155,540 Def erred Charges: Bond Issuance Costs 169,455 169,455 Accumulated Amortization (16,492) (7,568) Total Deferred Charges 152,963 161,887 Property and Equipment: Utility Plant 25,971,595 20,603,879 Buildings 811,654 811,654 Machinery and Equipment 1,200,864 1,239,547 Accumulated Depreciation (6, 193, 199) (5,460,250) Construction in Progress 1,075,005 2,342,854 Land 447, 178 426,323 . Total Property and Equipment 23,313,097 19,964,007 Total Assets $ 27,250,836 $ 24,899,914 (Continued) -142 - CITY OF COLLEGE STATION, TEXAS SEWER FUND COMPARATIVE BALANCE SHEETS September 30., 1 994 and 1 993 (Continued) 1994 1993 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 72,039 $ 57,515 Accrued Liabilities 42,256 30,876 Customer Construction Advances 400 400 Total Current Liabilities 114,695 88, 791 Current Liabilities Payable from Restricted Assets: Accounts Payable 252, 737 37,913 Accrued Interest Payable 150,277 178,383 Retainage Payable 24,942 66,028 Revenue Bonds 931,350 744,684 General Obligation Bonds . 117,620 117,705 Certificates of Obligation 6,550 6,550 Total Current Liabilities Payable from Restricted Assets 1,483,476 1,151,263 Noncurrent Liabilities: Revenue Bonds 8,837,666 9, 769,016 Unamortized Premium on Bonds 5,338 5,623 General Obligation Bonds 337,290 454,910 Certificates of Obligation 26,200 32,750 Accrued Vacation 36,944 29,761 Total Noncurrent Liabilities 9,243,438 10,292,060 Total Liabilities 10,841,609 11,532,114 Fund Equity: Contributed Capital 6,671,696 4,071,098 Retained Earnings: Reserved for Debt Service 882,516 1,197,729 Reserved for Capital Projects 1,461,083 2, 799, 175. Unappropriated 7,393,932 5,299,798 Total Fund Equity 16,409,227 13,367,800 Total Liabilities and Fund Equity $ 27,250,836 $ 24,899,914 -143 - CITY OF COLLEGE STATION, TEXAS SEWER FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 Operating Revenues: Charges for Sales and Services: Sewer Service Other Total Operating Revenues Operating Expenses: Salaries and Benefits Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Reimbursed Administrative Depreciation Other Total Operating Expenses Operating Income Nonoperating Revenues (Expenses): Interest Earnings Reimbursed Expenses Interest Expense Other, Net Total Nonoperating Revenues (Expenses) Income Before Operating Transfers Operating Transfers: Operating Transfers In Operating Transfers Out Total Operating Transfers Income Before Extraordinary Item E�traordinary Item -Loss on Refunding Net Income Retained Earnings, October 1 Retained Earnings, September 30 $ $ -144 - 1994 5,027,766 188,639 5,216,405 1,031,551 160,550 . 203,038 77,908 521,595 177,704 703,982 666,930 0 3,543,258 1,673, 147 177,507 15,000 (751,173) 11,229 (547,437) 1,125,710 0 (550,000) (550,000) 575,710 0 575,710 9,161,821 9,737,531 1993 $ 4,587,982 $ 115,1 58 4,703, 140 990,426 130,887 138, 195 38,329 435,832 166, 740 749,429 555,466 2,584 3,207,888 1,495,252 205,965 0 (681,877) 4,029 {471,883) 1,023,369 ·1,950 (566,200) (564,250) 459, 119 (46, 149) 412,970 8,883,732 9,296,702 CITY OF COLLEGE STATION, TEXAS SEWER FUND SCHEDULE OF REVENUES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Sewer Service $ 5, 142,738 $ 4,999,320 $ (143,418) Forfeits, Discounts, Penalties 40,000 46,795 6,795 Sewer Taps 50,000 141,526 91,526 Total Operating Revenues 5,232,738 5,187,641 (45,097) Nonoperating Revenues (Expenses): Interest Earnings 60,000 111,010 51,010 Reimbursed Expenses 0 15,000 15,000 Miscellaneous Nonoperating Revenues ·9,200 24,663 15,463 Total Nonoperating Revenues (Expenses) 69,200 150,673 81,473 Revenue Bond I & S Fund: Operating Transfers In 1,800,692 1,800,694 2 Total Revenue Bond I & S Fund 1,800,692 1,800,694 2 Sewer Revenue Bond Funds: Interest Earnings 144,800 66,497 (78,303) Special Assessments 0 5,539 5,539 Contributions/Donations 0 30,502 30,502 Proceeds from Long-Term Debt Issuance 2,750,000 0 (2, 750,000) Total Sewer Revenue Bond Fund 2,894,800 102,538 (2, 792,262) Total Sewer Fund Revenues $ 91997,430 $ 7,2411546 $ {2, 755,884) See reconciliation to GAAP basis on page 1 51 . -145 - CITY OF COLLEGE STATION, TEXAS SEWER FUND SCHEDULE OF EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Sewer Treatment/Collection: Salaries and Benet its $ 1,164,512 $ 1,116,196 $ 48,316 Supplies 135,333 160,553 (25,220) Maintenance 202,362 203,268 (906) Purchased Professional Services 71,737 71,737 0 Purchased Property Services 433,780 521,594 (87,814) Other Purchased Services 177,711 .177,707 4 Capital Outlay 30, 180 30, 161 19 Total Sewer Treatment/Collection 2,215,615 2,281,216 (65,601) Nondepartmental: Depreciation Expense 619,500 666,930 (47,430) Principal Payments 121,501 124,255 (2,754) Interest Expense 31,676 29, 136 2,540 Return on Investment 550,000 550,000 0 Reimbursed Debt Service 1,800,692 1,800,694 (2) Reimbursed ·Administrative 618,327 618,327 0 Contingency 36,605 0 36,605 Total Nondepartmental 3, 778,301 3,789,342 (11,041) Revenue Bond I & S Fund: Principal Payments 744,684 744,684 0 Interest Expense 750, 137 750, 144 (7) Fiscal Agent's Fees 700 2,618 (1,918) Total Revenue Bond I & S Fund 1,495,521 1,497,446 (1,925) Sewer Revenue Bond Fund: Purchased Professional Services 10,000 6,371 3,629 Reimbursed Administrative 90,000 90,000 0 Bond Issuance Costs 0 2,757 (2,757) Capital Outlay 5,559,958 1,248,574 4,311,384 Contingency 140,000 0 140,000 Total Sewer Revenue Bond Fund 5,799,958 1,347,702 4,452,256 Total Sewer Fund Expenses $ 13,289,395 $ 8,915J06 $ 4,373,689 See reconciliation to GAAP basis on page 1 51 . -146 - CITY OF COLLEGE STATION, TEXAS SOLID WASTE COLLECTION FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 136,125 $ 59,886 Equity in Investments 443,869 221,268 Receivables: Accrued Interest 45,313 37,189 Accounts 182,823 169,454 Less Allowance for Uncollectible Accounts (6,383) (5,573) Inventories 18, 188 5,841 Total Current Assets 819,935 488,065 Note Receivable from Joint Venture 673,996 758,599 Equity in Joint Venture 949,673 295,597 Property and Equipment: Machinery and Equipment 2,412, 759 2,373,681 Accumulated Depreciation (1,526,695) (1 ,233,242) Total Property and Equipment, Net 886,064 1, 140,439 Total Assets $ 3,329,668 $ 2,682,700 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 15, 140 $ 16,428 lnterfund Payable 175, 173 163,922 Accrued Liabilities 28,294 20,515 Total Current Liabilities 218,607 200,865 Noncurrent Liabilities: Advances from Other Funds 829, 184 1,004,357 Accrued Vacation 28,642 23,873 Total Noncurrent Liabilities 857,826 1,028,230 Total Liabilities 1,076,433 1,229,095 Fund Equity: Contributed Capital 54,901 54,901 Retained Earnings: Unappropriated 2, 198,334 1,398,704 Total Fund Equity 2,253,235 1 ,453,605 Total Liabilities and Fund Equity $ 3,329,668 $ 2,682,700 -147 - CITY OF COLLEGE STATION, TEXAS SOLID WASTE COLLECTION FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Garbage Collection Fees $ 3,002,046 $ 2,570,879 Other 48,736 47,401 Total Operating Revenues 3,050,782 2,618,280 Operating Expenses: Salaries and Benefits 819,672 728,980 Supplies 125,164 77,508 Maintenance 118,914 91,040 Purchased Professional Services 98,369 66,376 Purchased Property Services 679,340 627,831 Other Purchased Services 232,096 192;624 Reimbursed Administrative 405,899 378,871 Depreciation 293,452 300,650 Other 12,612 0 Total Operating Expenses 2,785,518 2,463,880 Operating Income 265,264 154,400 Nonoperating Revenues (Expenses): Interest Earnings 85,827 97,527 Reimbursed Expenses 1,249 193 Contributions 5,000 0 Earnings (Loss) in Joint Venture 654,076 (54,441) Interest Expense (76, 106) (86,635) Other, Net 5,770 2,722 Total Nonoperating Revenues (Expenses) 675,816 (40,634) Income Before Operating Transfers 941,080 113,766 Operating Transfers Out (141,450) (138,000) Net Income (Loss) 799,630 (24,234) Retained Earnings, October 1 1,398, 704 1,422,938 Retained Earnings, September 30 $ 2, 198,334 $ 1,398,704 -148 - CITY OF COLLEGE STATION, TEXAS SOLID WASTE COLLECTION FUND SCHEDULE OF REVENUES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Residential Collection $ 1,940,730 $ 1,889,678 $ (51,052) Commercial Collection 1, 140,800 1,093,997 {46,803) Other Charges for Services 0 1,062 1,062 Dumpster Sales 21,850 0 (21,850) Forfeits, Discounts, Penalties 17,450 27,515 10,065 Recycling 4,850 21,119 16,269 Other 4,350 102 (4,248) Total Operating Revenues 3, 130,030 3,033,473 (96,557) Nonoperating Revenues: Interest Earnings 39,000 85,827 46,827 Other Reimbursed Expenses 0 1,249 1,249 Contributions 0 5,000 5,000 Miscellaneous 4,500 8,060 3,560 Total Nonoperating Revenues 43,500 100,136 56,636 Total Solid Waste Collection Fund Revenues $ 3, 173,530 $ 3, 133,609 $ {39,921 l See reconciliation to GAAP basis on page 1 51 . -149 - CITY OF COLLEGE STATION, TEXAS SOLID WASTE COLLECTION FUND SCHEDULE OF EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Commercial and Residential Collection: Salaries and Benefits $ 819,690 $ 819,670 $ 20 Supplies 129,437 125,164 4,273 Maintenance 119,240 118,914 326 Purchased Professional Services 101 ,793 98,369 3,424 Purchased Property Services 685,920 679,339 6,581 Other Purchased Services 239,949 232,095 7,854 Capital Outlay 39,080 39,078 2 Total Commercial and Residential Collection 2, 135, 109 2, 112,629 22,480 Nondepartmental: Depreciation Expense 250,000 293,452 (43,452) Principal Payments 163,922 163,922 0 Interest Expense 76, 106 76, 106 0 Reimbursed Administrative 405,899 405,899 0 Public Agency Funding 16,000 16,000 0 Return on Investment 141,450 141,450 0 Contingency 25,000 0 25,000 Total Nondepartmental 1,078,377 1,096,829 (18,452) Total Solid Waste Collection Fund Expenses $ 3,213,486 $ 3,209,458 $ 4 028 See reconciliation to GAAP basis on page 1 51 . -150 - CITY OF COLLEGE STATION, TEXAS ENTERPRISE FUNDS SCHEDULE FOR RECONCILIATION OF REVENUES AND EXPENSES (BUDGETARY BASIS) TO GAAP BASIS STATEMENT OF INCOME For the Fiscal Year Ended September 30, 1994 Solid Waste Electric Water Sewer Collection Total Revenues Per Budget -Actual $ 35,545,531 $ 7,895,688 $ 7,241,546 $ 3, 133,609 Less Total Expenses Per Budget -Actual 38, 175, 733 8,942, 180 8,915, 706 3,209,458 Net Loss, Budgetary Basis (2,630,202) (1,046,492) (1,674, 160) (75,849) Add {Subtract) -Expenses (Revenues) Related to Balance Sheet: Debt Service Principal Payment 648,222 1,222,994 868,939 163,922 Capital Outlay 4,023,471 385,483 1,278, 735 39,078 Capital Lease Principal Payments 0 494,221 0 0 Rec lass Salaries and Benet its to Construction. in Progress 278, 176 16,645 55,311 0 Add {Subtract) -Unbudgeted Revenue (Expenses) Adjustments: Current Year Revenue Accrual 1,051,537 216,478 199,636 103, 765 Prior Year Interest Expense Accrual 87,894 124, 100 162,448 0 Investment in Joint Venture 0 0 0 779,075 Amortization of Bond Issuance Costs (3,459) (1,873) (8,923) 0 Prior Year Revenue Accrual {1,042,087) (237,958) (171, 190) (86,457) Current Year Interest Expense Accrual (75,315) (105,509) (134,342) 0 Bad Debt Expense (148,794) 15,406 318 (12,612) Inventory Adjustment (53,690) (17,123) 579 13,710 Amortization of Bond Premiums 87 41 285 0 Loss on Asset Retirements (35,333) 0 0 0 Earnings in Joint Venture 0 0 0 (124,999) Other 3,333 {34) (1,926) (3) Net Income, GAAP Basis $ 2, 103,840 $ 1,066,379 $ 575J10 $ 799,630 -151 - - 152 - INTERNAL SERVICE FUNDS Internal service funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the government and to other government units, on a cost reimbursement basis . . 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 communications equipment not budgeted in other funds. Landfill -to account for activities related to operating the landfill owned by the Brazos Valley Solid Waste Management Agency. 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. Workers' Compensation -to account for self-insurance activity relating to administration of the City's workers' compensation plan. - 153 - CITY OF COLLEGE STATION, TEXAS INTERNAL SERVICE FUNDS COMBINING BALANCE SHEET September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1993) Employee Equipment Benefits Replacement Landfill Assets Current Assets: Equity in Cash and Cash Equivalents $ 94,029 $ 187,219 $ 0 Equity in Investments 123, 164 610,475 0 Receivables: Accrued Interest 8,774 28,923 108 Accounts 45,442 0 0 Less Allowance for Uncollectible Accounts (936) 0 0 Prepaid Costs 0 0 0 Total Current Assets 270,473 826,617 108 Property and Equipment: Machinery and Equipment 0 2,672,736 36,530 Less Accumulated Depreciation 0 (533,228) (20,824) Construction in Progress 0 8,812 0 Total Property and Equipment 0 2, 148,320 15, 706 Total Assets $ 270,473 $ 2,974,937 $ 15,814 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 18,298 $ 72 $ 95,391 Due to Other Funds 0 0 19,834 Retainage Payable 0 0 0 Claims Payable 321,740 0 0 Accrued Liabilities 66 0 0 Total Current Liabilities 340, 104 72 115,225 Noncurrent Liabilities: Accrued Vacation 0 0 16,280 Total Noncurrent Liabilities 0 0 16,280 Total Liabilities 340, 104 72 131,505 Fund Equity: Unreserved Retained Earnings (Deficit) (69,631) 2,974,865 (115,691) Total Fund Equity (69,631) 2,974,865 (115,691) Total Liabilities and Fund Equity $ 270,473 $ 2,974,937 $ 15,814 - 154 - $ Property and Casualty $ 26,816 87,440 4,333 134 (134) 0 118,589 0 0 0 0 $ 118,589 $ 29,829 0 0 26,200 0 56,029 0 0 56,029 62,560 62,560 118,589 Unemployment $ 38,093 124,214 5,850 0 0 0 168,157 0 0 0 0 $ 168,157 $ 7,049 0 0 0 0 7,049 0 0 7,049 161, 108 161,108 $ 168,157 $ Workers' Compensation $ 160,547 523,507 24,265 0 0 10,000 718,319 0 0 0 0 $ 718,319 $ 37,564 0 0 73,027 0 110,591 0 0 110,591 607,728 607,728 718,319 -155 - Totals 1994 1993 $ 506,704 $ 513,131 1,468,800 1,895,934 72,253 82,058 45,576 162,674 (1,070) (2,425) 10,000 3,800 2, 102,263 2,655, 172 2,709,266 1,377,116 (554,052) (230,475) 8,812 0 2, 164,026 1,146,641 $ 4,266,289 $ 3,801,813 $ 188,203 $ 558,899 19,834 0 0 17,045 420,967 473,910 66 14,629 629,070 1,064,483 16,280 11,914 16,280 11,914 645,350 1,076,397 3,620,939 2, 725,416 3,620,939 2, 725,416 $ 4,266,289 $ 3,801,813 CITY OF COLLEGE STATION, TEXAS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICIT) For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1 993) Operating Revenues: Charges for Services Premiums Other Total Operating Revenues Operating Expenses: Salaries and Benet its Supplies Maintenance Purchased Professional Services Purchased Property Services Other Purchased Services Claims Administration Fees Premiums Reimbursed Administrative Depreciation Other Total Operating Expenses Operating Income (Loss) Nonoperating Revenues {Expenses): Interest on Investments Reimbursed Expenses Interest Expense Other, Net Total Nonoperating Revenues (Expenses) $ Employee Benefits 0 1,921,185 2,945 1,924, 130 0 0 0 0 0 0 1,558,696 101,599 271,618 7, 132 0 19,723 1,958, 768 (34,638) 19,089 0 0 2,366 21,455 Net Income {loss) Before Operating Transfers ___ (_1_3 __ , 1_8_3_)_ Operating Transfers: Operating Transfers In Operating Transfers Out Total Operating Transfers Net Income (Loss) Retained Earnings {Deficit), October 1 Retained Earnings (Deficit), September 30 $ 0 0 0 (13,183) (56,448) (69,631) -156 - $ $ Equipment Replacement 1, 145,642 0 0 1, 145,642 0 0 0 0 0 0 0 0 0 0 316,642 0 316,642 829,000 53,943 0 0 0 53,943 882,943 0 0 0 882,943 2,091,922 2,974,865 Landfill $ 1,165,036 $ 0 0 1, 165,036 515,679 92,370 135,916 340,839 64,236 36,484 0 0 0 167,750 6,935 0 1,360,209 (195, 173) 0 0 (4,452) 0 (4,452) (199,625) 0 0 0 (199,625) 83,934 (115,691) Totals Property and Workers' Casualty Unemployment Compensation 1994 1993 $ 0 $ 0 $ 0 $ 2,310,678 $ 2,354,380 424,635 42, 106 455,071 2,842,997 2,483,634 2,986 0 7,371 13,302 0 427,621 42, 106 462,442 5, 166,977 4,838,014 0 0 0 515,679 '382,768 0 0 0 92,370 105,658 0 0 0 135,916 137,023 0 0 0 340,839 585,256 0 0 0 64 .. 236 20,075 0 0 0 36,484 15, 763 57,010 28,650 234,490 1,878,846 1,530,319 0 0 23, 194 124,793 108,393 262,018 0 33, 154 566,790 592,949 56,296 322 56,766 288,266 348,348 0 0 0 323,577 165,886 0 6,204 0 25,927 23,849 375,324 35, 176 347,604 4,393,723 4,016,287 52,297 6,930 114,838 773,254 821,727 6,950 8,953 36,738 125,673 199,777 2,585 0 0 2,585 0 0 0 0 {4,452) 0 (3,850) 0 {53) {1,537) (276) 5,685 8,953 36,685 122,269 199,501 57,982 15,883 151,523 895,523 1,021,228 0 0 0 0 55,480 0 0 0 0 {55,480) 0 0 0 0 0 57,982 15,883 151,523 895 .. 523 1,021,228 4,578 145,225 456,205 2,725,416 1, 704, 188 $ 62,560 $ 161 108 $ 607J28 $ 3,620,939 $ 2,725,416 -157 - CITY OF COLLEGE STATION, TEXAS INTERNAL SERVICE FUNDS COMBINING STATEMENT OF CASH FLOWS For the Fiscal Year Ended September 30, 1994 (With comparative totals for the fiscal year ended September 30, 1 993) Employee Equipment Benefits Replacement Landfill Cash Flows from Operating Activities: Cash Received for Miscellaneous Revenues $ 2,366 $ 0 $ 0 Cash Received for Reimbursed Expenses 0 0 0 Cash Received from Customers 2,038,521 1, 145,642 1, 165,036 Cash Payments to Suppliers for Goods and Services (1,898,000) (162,413) (1, 127,893) Cash Payments to Employees for Services 0 0 (522, 178) Cash Received from Other Funds 0 0 19,834 Cash Paid for Miscellaneous Expenses 0 0 0 Net Cash Provided (Used) by Operating Activities 142,887 983,229 (465,201) Cash Flows from Noncapital Financing Activities: Operating Transfers In from Other Funds 0 0 0 Operating Transfers Out to Other Funds 0 0 (4,452) Net Cash Used by Noncapital Financing Activities 0 0 (4,452) Cash Flows from Capital and Related Financing Activities: Acquisition of Capital Assets 0 (1,340,962) 0 Net Cash Used by Capital and Related Financing Activities 0 (1,340,962) 0 Cash Flows from Investing Activities: Purchase of Investments (75,271) (355,356) 0 Proceeds from Sale and Maturities of Investment Securities 0 603,744 360,323 Interest on Investments 13,451 . 64, 115 11,809 Other 0 0 0 Net Cash Provided (Used) by Investing Activities (61,820) 312,503 372, 132 Net Increase (Decrease) in Cash and Cash Equivalents 81,067 (45,230) (97,521) Cash and Cash Equivalents, October 1 12,962 232,449 97,521 Cash and Cash Equivalents, September 30 $ 94,029 $ 187,219 $ 0 Reconciliation of Operating Income (Loss) to Net Cash Provided (Used) by Operating Activities: Operating Income (Loss) $ (34,638) $ 829,000 $ (195, 173) Adjustments to Reconcile Operating Income (loss) to Net Cash Provided (Used) by Operating Activities: Depreciation 0 316,642 6,935 Provision for Uncollectible Accounts 936 0 0 Miscellaneous Expenses 0 0 0 Miscellaneous Revenues 2,366 0 0 Change in Assets and Liabilities: Change in Accounts Receivable 114,3�1 0 0 Change in Inventory 0 0 0 Change in Prepaid Costs 3,800 0 0 Change in Accounts Payable 10,971 (162,413) (273,253) Change in Due to Other Funds 0 0 19,834 Change in Claims Payable 48,759 0 0 Change in Retainage Payable 0 0 (17,045) Change in Accrued Liabilities (3,698) 0 (10,865) Change in Accrued Vacation 0 0 4,366 Total Adjustments 177,525 154,229 (270,028) Net Cash Provided (Used) by. Operating Activities $ 142,887 $ 983,229 $ (465,201) - 158 - Property and Casualty $ 0 $ 2,585 430,328 (373,229) 0 0 (3,850) 55,834 0 0 0 0 0 (50,899) 6,226 4,080 0 (40,593) 15,241 11,575 $ 26,816 $ $ 52,297 $ 0 (2,291) (3,850) 2,585 2,707 0 0 25,071 0 (20,685) 0 0 0 3,537 $ 55,834 $ Unemployment 0 0 42, 106 (28, 127) 0 0 0 13,979 0 0 0 0 0 (213,388) 199,517 8, 121 0 (5,750) 8,229 29,864 38,093 6,930 0 0 0 0 0 0 0 7,049 0 0 0 0 0 7,049 13,979 $ $ $ $ Workers' Compensation 0 0 462,442 (416,742) 0 0 0 45,700 0 0 0 0 0 (899,340) 851,525 33,902 0 (13,913) 31, 787 128,760 160,547 114,838 0 0 0 0 0 0 (10,000) 21,879 0 (81,017) 0 0 0 {69, 138) 45,700 - 159 - Totals 1994 1993 $ 2,366 $ 0 2,585 0 5,284,075 4,698, 142 (4,006,404) (3,013, 132) (522, 178) (377,967) 19,834 0 (3,850) 0 776,428 1,307,043 0 55,480 (4,452) (55,480) (4,452) 0 (1,340,962) (626,743) (1,340,962) (626,743) (1,594,254) (1,171,511) 2,021,335 720,394 135,478 153, 795 0 (276) 562,559 (297,598) (6,427) 382,702 513,131 130,429 $ 506,704 $ 513,131 $ 773,254 $ 821,727 323,577 165,886 (1,355) 2,250 (3,850) 0 4,951 0 117,098 (139,872) 0 532 (6,200) 0 (370,696) 438,926 19,834 0 (52,943) 0 (17,045) 17,045 (14,563) (1,548) 4,366 2,097 3, 174 485,316 $ 776,428 $ 1,307,043 CITY OF COLLEGE STATION, TEXAS EMPLOYEE BENEFITS FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 94,029 $ 12,962 Equity in Investments 123,164 47,893 Receivables: Accrued Interest 8,774 3, 136 Accounts 45,442 159,833 Less Allowance for Uncollectible Accounts (936) 0 Prepaid Costs 0 3,800 Total Current Assets $ 270,473 $ 227,624 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 18,298 $ 7,327 Claims Payable 321,740 272,981 Accrued Liabilities 66 3,764 Total Current Liabilities 340, 104 /84,07? Fund Equity: Deficit {69,631) (56,448) Total Fund Equity (69,631) (56,448) Total Liabilities and Fund Equity $ 270,473 $ 227,624 -160 - CITY OF COLLEGE STATION, TEXAS EMPLOYEE BENEFITS FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN DEFICITS For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Premiums $ 1,921, 185 $ 1,594,473 Other 2,945 0 Total Operating Revenues 1,924, 130 1,594,473 Operating Expenses: Claims 1,558,696 1,148,010 Administration Fees 101,599 92,529 Premiums 271,618 304, 716 Reimbursed Administrative 7, 132 35,639 Other 19,723 1 5,412 Total Operating Expenses 1,958, 768 1,596,306 Operating Loss (34,638) (1,833) Nonoperating Revenues (Expenses): Interest on Investments 19,089 34, 100 Other, Net 2,366 (276) Total Nonoperating Revenues {Expenses) 21,455 33,824 Net Income (Loss) (13,183) 31,991 Deficit, October 1 (56,448) (88,439) Deficit, September 30 $ {69,631 ! $ {56,448! -161 - CITY OF COLLEGE STATION, TEXAS EMPLOYEE BENEFITS FUND SCHEDULE OF REVENUES AND EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Premiums $ 1,850,077 $ 1,965,451 $ 115,374 Other 0 2,945 2,945 Total Operating Revenues 1,850,077 ·1,968,396 118,319 Operating Expenses: Claims 1,320, 120 1,440,295 {120, 175) Administration Fees 93,700 101,599 (7,899) Premiums 308,200 271,618 36,582 Reimbursed Administrative 7, 132 7, 132 0 Other 15,250 17, 132 {1 ,882) Total Operating Expenses 1, 744,402 1,837,776 (93,374) Net Operating Income 105,675 130,620 24,945 Nonoperating Revenues {Expenses): Bank Charges 0 {1, 147) {1, 147) Interest Earnings {6,744) 19,089 25,833 Other, Net 0 3,513 3,513 Total Nonoperating Revenues {Expenses) (6,744) 21,455 28, 199 Net Income $ 98,931 $ 152,075 $ 53 144 See reconciliation to GAAP basis on page 178. -162 - CITY OF COLLEGE STATION, TEXAS EQUIPMENT REPLACEMENT FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1 993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 187,219 $ 232,449 Equity in Investments 610,475 858,863 Receivables: Accrued Interest 28,923 39,095 Total Current Assets 826,617 1, 130,407 Property and Equipment: Machinery and Equipment 2,672,736 1,340,586 Less Accumulated Depreciation (533,228) (216,586) Construction in Progress . 8,812 0 Total Property and Equipment 2, 148,320 1, 124,000 Total Assets $ 2,974,937 $ 2,254,407 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 72 $ 162,485 Total Current Liabilities 72 162,485 Total Liabilities 72 162,485 Fund Equity: Unreserved Retained Earnings 2,974,865 2,091,922 Total Fund Equity 2,974,865 2,091,922 Total Liabilities and Fund Equity $ 2,974,937 $ 2,254,407 -163 - CITY OF COLLEGE STATION, TEXAS EQUIPMENT REPLACEMENT FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Charges for Services $ 1, 145,642 $ 877,440 Total Operating Revenues 1, 145,642 877,440 Operating Expenses: Depreciation 316,642 158,997 Total Operating Expenses 316,642. 158,997 Operating Income 829,000 718,443 Nonoperating Revenues: Interest on Investments 53,943 87,734 Total Nonoperating Revenues 53,943 87,734 Net Income 882,943 806, 177 Retained Earnings, October 1 2,091,922 1,285,745 Retained Earnings, September 30 $ 2,974,865 $ 2,091,922 -164 - CITY OF COLLEGE STATION, TEXAS EQUIPMENT REPLACEMENT FUND SCHEDULE OF REVENUES AND EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Charges tor Goods and Services $ 1,086,579 $ 1, 145,642 $ 59,063 Total Operating Revenues 1,086,579 1, 145,642 59,063 Operating Expenses: Depreciation Expense 0 316,642 (316,642) Capital Outlay 1,431,558 1,340,962 90,596 Contingency 25,000 0 25,000 Total Operating Expenses 1,456,558 1,657,604 (201,046) Net Operating Loss (369,979) (511,962) (141,983) Nonoperating Revenues (Expenses): Interest Earnings 37,000 53,943 16,943 Reimbursed Debt Service (87,651) 0 87,651 Total Nonoperating Revenues (Expenses) {50,651) 53,943 104,594 Net Loss $ (420,630) $ (458;019) $ (37,389) See reconciliation to GAAP basis on page 178. - 165 - CITY OF COLLEGE STATION, TEXAS LANDFILL FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 0 $ 97,521 Equity in Investments 0 360,323 Receivables: Accrued Interest 108 11,917 Total Current Assets 108 469,761 Property and Equipment: Machinery and Equipment 36,530 36,530 Less Accumulated Depreciation (20,824) (13,889) Total Property and Equipment 15, 706 22,641 Total Assets $ 1 5,814 $ 492,402 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 95,391 $ 368,644 Due to Other Funds 19,834 0 Retainage Payable 0 17,045 Accrued Liabilities 0 10,865 Total Current Liabilities 115,225 396,554 Noncurrent Liabilities: Accrued Vacation 16,280 11 ,914 Total Noncurrent Liabilities 16,280 11,914 Total LiabiJities 131,505 408,468 Fund Equity: Unreserved Retained Earnings (Deficit) (115,691) 83,934 Total Fund Equity (115,691) 83,934 Total Liabilities and Fund Equity $ 15,814 $ 492,402 -166 - CITY OF COLLEGE STATION, TEXAS LANDFILL FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Charges for Services $ 1, 165,036 $ 1,476,940 Total Operating Revenues 1, 165,036 1,476,940 Operating Expenses: Salaries and Benefits 515,679 382,768 Supplies 92,370 105,658 Maintenance 135,916 137,023 Purchased Professional Services 340,839 585�256 Purchased Property Services 64,236 20,075 Other Purchased Services 36,484 15, 763 Reimbursed Administrative 167,750 204,770 Depreciation 6,935 6,889 Other 0 534 Total Operating Expenses 1,360,209 1,458, 736 Operating Income (loss) (195, 173) 18,204 Nonoperating Revenues (Expenses): Interest on Investments 0 28,296 Interest Expense (4,452) 0 Total Nonoperating Revenues (Expenses) (4,452) 28,296 Net Income (Loss) (199,625.) 46,500 Retained Earnings, October 1 83,934 37,434 Retained Earnings {Deficit), September 30 $ (115!691} $ 83 934 -167 - CITY OF COLLEGE STATION, TEXAS LANDFILL FUND SCHEDULE OF REVENUES AND EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Charges for Services $ 1,945,304 $ 1, 165,036 $ (780,268) Total Operating Revenues 1,945,304 1, 165,036 (780,268) Operating Expenses: Salaries and Benefits 515,754 488,256 27,498 Supplies 109,600 92,368 17,232 Maintenance 155,200 135,916 19,284 Purchased Professional Services 954,752 340,839 613,913 Purchased Property Services 64,292 64,236 56 Other Purchased Services 36,550 36,485 65 Reimbursed Administrative 167,750 167, 750 0 Depreciation 6,500 6,935 (435) Contingency 25,000 0 25,000 Total Operating Expenses 2,035,398 1,332, 785 702,613 Net Operating Loss (90,094) (167,749) (77,655) Nonoperating Revenues (Expenses): Interest Earnings 10,000 0 (10,000) Interest Expense 0 (4,452) (4,452) Total Nonoperating Revenues (Expenses) 10,000 (4,452) (14,452) Net Loss $ (80,094) $ (172,201) $ (92, 107) See reconciliation to GAAP basis on page 178. -168 - CITY OF COLLEGE STATION, TEXAS PROPERTY AND CASUAL TY FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 26,816 $ 11,5 75 Equity in Investments 87,440 42,767 Receivables: Accrued Interest 4,333 1,463 Accounts 134 2,841 Less Allowance for Uncollectible Accounts (134) (2,425) Total Current Assets $ 118,589 $ 56,221 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 29,829 $ 4,758 Claims Payable 26,200 46,885 Total Current Liabilities 56,029 51,643 Fund Equity: Unreserved Retained Earnings 62,560 4,578 Total Fund Equity 62,560 4,578 Total Liabilities and Fund Equity $ 118,589 $ 56,221 -169 - CITY OF COLLEGE STATION, TEXAS PROPERTY AND CASUAL TY FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 Operating Revenues: Premiums Other Total Operating Revenues Operating Expenses: Claims Premiums Reimbursed Administrative Other Total Operating Expenses Operating Income Nonoperating Revenues (Expenses): Interest on Investments Reimbursed Expenses Other, Net Total Nonoperating Revenues (Expenses) Net Income Before Operating Transfers In Operating Transfers In Net Income Retained Earnings (Deficit), October 1 Retained Earnings, September 30 $ $ -170- 1994 424,635 2,986 427,621 57,010 262,018 56,296 0 375,324 52,297 6,950 2,585 (3,850) 5,685 57,982 0 57,982 4,578 62,560 $ $ 1993 388,740 0 388,740 58,744 257,491 47,031 7,903 371,169 17,571 1,463 0 0 1,463 19,034 55,480 74,514 (69,936) 4 578 CITY OF COLLEGE STATION, TEXAS PROPERTY AND CASUAL TY FUND SCHEDULE OF REVENUES AND EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Premiums $ 424,774 $ 424,635 $ (139) Other 0 870 870 Total Operating Revenues 424,774 425,505 731 Operating Expenses: Claims 71,500 57,010. 14,490 Premiums 270,000 262,018 7,982 Reimbursed Administrative 56,296 56,296 0 Total Operating Expenses 397,796 375,324 22,472 Net Operating Income 26,978 50, 181 23,203 Nonoperating Revenues {Expenses): Interest Earnings 500 6,950 6,450 Reimbursed Expenses 0 2,585 2,585 Other, Net (3,500) (3,850) (350) Total Nonoperating Revenues {Expenses) (3,000) 5,685 8,685 Net Income $ 23,978 $ 55,866 $ 31,888 See reconciliation to GAAP basis on page 1 78. -1 71 - CITY OF COLLEGE STATION, TEXAS UNEMPLOYMENT FUND COMPARATIVE BALANCE SHEETS September 30, 1 994 and 1993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 38,093 $ 29,864 Equity in Investments 124,214 110,343 Receivables: Accrued Interest 5,850 5,018 Total Current Assets $ 168,157 $ 145,225 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 7,049 $ 0 Total Current Liabilities 7,049 0 Fund Equity: Unreserved Retained Earnings 161, 108 145,225 Total Fund Equity 161I108 145,225 Total Liabilities and Fund Equity $ 168,157 $ 145,225 -172 - CITY OF COLLEGE STATION, TEXAS UNEMPLOYMENT FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS (DEFICITS) For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Premiums $ 42, 106 $ 52,425 Total Operating Revenues 42, 106 52,425 Operating Expenses: Claims 28,650 24,583 Reimbursed Administrative 322. 7,856 Other 6,204 0 Total Operating Expenses 35, 176 32,439 Operating Income 6,930 19,986 Nonoperating Revenues: Interest on Investments 8,953 9,313 Total Nonoperating Revenues 8,953 9,313 Net Income 15,883 29,299 Retained Earnings, October 1 145,225 11 5,926 Retained Earnings, September 30 $ 161, 108 $ 145,225 -173 - CITY OF COLLEGE STATION, TEXAS UNEMPLOYMENT FUND SCHEDULE OF REVENUES AND EXPENSES BUDGETAND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1 994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Premiums $ 34,900 $ 42,581 $ 7,681 Total Operating Revenues 34,900 42,581 7,681 Operating Expenses: Claims 24,000 21,601 2,399 Reimbursed Administrative 322 .322 0 Total Operating Expenses 24,322 21 ,923 2,399 Net Operating Income 10,578 20,658 10,080 Nonoperating Revenues {Expenses): Interest Earnings 6,900 8,953 2,053 Other, Net 0 {6,204) {6,204) Total Nonoperating Revenues {Expenses) 6,900 2,749 (4, 151) Net Income $ 17 478 $ 23 407 $ 5 929 See reconciliation to GAAP basis on page 178. -174 - CITY OF COLLEGE STATION, TEXAS WORKERS' COMPENSATION FUND COMPARATIVE BALANCE SHEETS September 30, 1994 and 1993 1994 1993 Assets Current Assets: Equity in Cash and Cash Equivalents $ 160,547 $ 128, 760 Equity in Investments 523,507 475,745 Receivables: Accrued Interest 24,265 21,429 Prepaid Costs 10,000 0 Total Current Assets $ 718,319 $ 625,934 Liabilities and Fund Equity Current Liabilities: Accounts Payable $ 37,564 $ 15,685 Claims Payable 73,027 154,044 Total Current Li abilities 110,591 169, 729 Fund Equity: Unreserved Retained Earnings 607, 728 456,205 Total Fu.nd Equity 607,728 456,205 Total Liabilities and Fund Equity $ 718,319 $ 625,934 -175 - CITY OF COLLEGE STATION, TEXAS WORKERS' COMPENSATION FUND COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS For the Fiscal Years Ended September 30, 1994 and 1993 1994 1993 Operating Revenues: Premiums $ 455,071 $ 447,996 Other 7,371 0 Total Operating Revenues 462,442 447,996 Operating Expenses: Claims 234,490 298,982 Administration Fees 23, 194 15,864 Premiums 33, 154 30,742 Reimbursed Administrative 56, 766 53,052 Total Operating Expenses 347,604 398,640 Operating Income 114,838 49,356 Nonoperating Revenues (Expenses): Interest on Investments 36,738 38,871 Other, Net (53) 0 Total Nonoperating Revenues (Expenses) 36,685 38,871 Net Income Before Operating Transfers Out 151,523 88,227 Operating Transfers Out 0 (55,480) Net Income 151,523 32,747 Retained Earnings, October 1 456,205 423,458 Retained Earnings, September 30 $ 607,728 $ 456,205 -176 - CITY OF COLLEGE STATION, TEXAS WORKERS' COMPENSATION FUND SCHEDULE OF REVENUES AND EXPENSES BUDGET AND ACTUAL (BUDGETARY BASIS) For the Fiscal Year Ended September 30, 1994 Variance Favorable Budget Actual (Unfavorable) Operating Revenues: Premiums $ 462,095 $ 461,255 $ (840) Other 0 7,371 7,371 Total Operating Revenues 462,095 468,626 6,531 Operating Expenses: Administration Fees 27,700 23, 194 4,506 Claims 284,000 234,490 49,510 Premiums 28,400 33, 154 (4,754) Reimbursed Administrative 56,766 56,766 0 Total Operating Expenses 396,866 347,604 49,262 Net Operating Income 65,229 121,022 55,793 Nonoperating Revenues {Expenses): Interest Earnings 14,981 36,738 21, 757 Other, Net 0 (53) (53) Total Nonoperating Revenues {Expenses) 14,981 36,685 21, 704 Net Income $ 80,210 $ 157 707 $ 77 497 See reconciliation to GAAP basis on page 178. -177 - CITY OF COLLEGE STATION, TEXAS INTERNAL SERVICE FUNDS SCHEDULE FOR RECONCILIATION OF REVENUES AND EXPENSES (BUDGETARY BASIS) TO GAAP BASIS STATEMENT OF INCOME For the Fiscal Year Ended September 30, 1994 Employee Equipment Benefits Replacement Landfill Total Revenues Per Budget -Actual $ 1,990,998 $ 1, 199,585 $ 1, 165,036 Less Total Expenses Per Budget -Actual 1,838,923 1,657,604 1,337,237 Net Gain (Loss), Budgetary Basis 152,075 (458,019) (172,201) Add -Expenses Related to Balance Sheet: Capital Outlay 0 1,340,962 0 Add (Deduct) -Unbi.Jdgeted Revenue (Expense) Adjustments: Accrued FY94 Expense (118,401) 0 (27,424) Payroll Correction (44,265) 0 0 Bad Debt Expense (2,592) 0 0 Net Income (Loss), GAAP Basis $ (13,183) $ 882,943 $ (199,625) -178 - $ $ Property and Casualty 435,040 379, 174 55,866 0 0 0 2, 116 57,982 $ $ Unemployment 51,534 28, 127 23,407 0 (7,049) (475) 0 15,883 $ $ Workers' Compensation 505,364 347,657 157,707 0 0 (6, 184) 0 151,523 - 179 - - 180- GENERAL FIXED ASSETS ACCOUNT GROUP To account for ·fixed assets not used in proprietary fund operations. -181 - -182 - CITY OF COLLEGE STATION, TEXAS GENERAL FIXED ASSETS ACCOUNT GROUP COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE September 30, 1994 and 1 993 1994 1993 General Fixed Assets: Buildings $ 13,263,808 $ 13,218,308 Improvements 16,477, 108 14,547,211 Machinery and Equipment 10,714,332 10,358,898 Parks System 8,900,987 8,702, 166 Construction in Progress 1,598,974 1 ,406,569 Land 7,449,504 7,437,029 Total General Fixed Assets $ 58,404, 713 $ 55,670, 181 Investment in General Fixed Assets from: Capital Projects Funds $ 40,355,272 $ 38,789,922 General Fund Revenues 7,245,565 6,465,658 Special Revenue Funds 3,800,991 3,411f716 Contributions/Donations 36,650 36,650 Acquisitions Prior to July 1, 1979--Source Undetermined 6,966,235 6,966,235 Total Investment in General Fixed Assets $ 58,404, 713 $ 55,670, 181 - 183 - CITY OF COLLEGE STATION, TEXAS GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE -BY FUNCTION AND ACTIVITY September 30, 1 994 Buildings and Building Total Land Improvements General Fund: General Government $ 534,447 $ 0 $ 59,444 Fiscal and Human Resources 391,967 0 10,654 Police 521,853 0 1,972 Fire 914,327 0 3,868 Development Services 390,925 0 11,141 Public Services 1,092, 173 1,500 28, 168 Parks 1,149,717 0 225,982 Management Services 236,565 0 9,223 College Station Business Park Fund 1,900 1,900 0 Other 1,429,621 1,429,621 0 Total General Fund 6,663,495 1,433,021 350,452 Special Revenue Funds: Parks Escrow 175,556 34,906 0 Federal Grants 2,260,971 25,557 313,859 Other 1,099,220 150,009 896,029 Total Special Revenue Funds 3,535, 747 210,472 1,209,888 Capital Projects Funds: Certificates of Obligation Funds 1,732,352 637,168 400,000 Capital Equipment 3, 197,395 0 0 Southwest Parkway 642,231 0 0 1 9 71 Bond Funds 172,838 0 0 1976 Bond Funds 126,377 0 1,495 1978 Bond Funds 533,706 0 25, 141 1978 II Bond Funds 2,803,997 485,325 579,005 1981 Bond Funds 1,904,043 224,979 1,114,176 1 982 Bond Funds 3,902,862 376,857 1,237,290 1982 II Bond Funds 9,897,983 1, 734,849 927,666 1 984 Bond Funds 10,234,375 799, 116 4,510,058 1989 Bond Funds 2, 178,615 91,112 956,780 1 991 Bond Funds 2,276,838 0 0 Total Capital Projects Funds 39,603,612 4,349,406 9,751,611 Contributions/Donations 36,650 0 0 Acquisitions Prior to July 1, 1979 -Source Undetermined 6,966,235 1,456,605 1,951,857 Total General Fixed Assets Allocated to Functions 56,805,739 7,449,504 13,263,808 Construction in ·Progress 1,598,974 0 977,921 Total General Fixed Assets $ 58A04,713 $ 7A49,504 $ 14,241,729 -184 - Machinery, Tools and Parks Equipment System Improvements $ 475,003 $ 0 $ 0 381,313 0 0 519,881 0 0 910,459 0 0 379,420 0 364 1,062,505 0 0 623,556 300, 179 0 227,342 0 o· 0 0 0 0 0 0 4,579,479 ·300, 179 364 1,300 139,350 0 12,418 154,930 1,754,207 32,909 0 20,273 46,627 294,280 1,774,480 695, 184 0 0 3,098,854 89,836 8,705 0 0 642,231 0 0 172,838 0 13,249 111,633 0 162,399 346, 166 13,967 1,070,353 655,347 930 22,568 541,390 284,443 423,381 1,580,891 694,380 4,633,604 1,907,484 703,752 589,712 3,631,737 14,560 5,575 1, 110,588 0 483,642 1,793,196 5,506,070 7,494,319 12,502,206 0 0 36,650 582, 156 812,209 2, 163,408 10,714,332 8,900,987 16,477, 108 51 257,518 363,484 $ 10,714,383 $ 9, 158,505 $ 16,840,592 -185 - CITY OF COLLEGE STATION, TEXAS GENERAL FIXED ASSETS ACCOUNT GROUP SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY For the Fiscal Year Ended September 30, 1994 General Fixed General Fixed Assets Transfers/ Assets 9/30/93 Additions Retirements Other 9/30/94 Function and Activity General Fund: General Government $ 507,204 $ 27,243 $ 0 $ 0 $ 534,447 Fiscal and Human Resources 392,922 14,945 (15,900) 0 391,967 Police 498,610 127,595 (104,352) 0 521,853 Fire 927,498 4,529 (17,700) 0 914,327 Development Services 345,912 64,663 (19,650) 0 390,925 Public Services 1, 150,292 22, 138 . (80,257) 0 1,092, 173 Parks 1,095, 193 98,765 (44,241) 0 1,149,717 Management Services 116,505 178,590 (58,530) 0 236,565 College Station Business Park Fund 1,900 0 0 0 1,900 Other 1,429,621 0 0 0 1,429,621 Total General Fund 6,465,657 538,468 (340,630) 0 6,663,495 Special Revenue Funds: Parks Escrow 175,556 0 0 0 175,556 Federal Grants 2,081,222 152,940 (14,191) 41,000 2,260,971 Other 1,099,220 0 0 0 1,099,220 Total Special Revenue Funds 3,355,998 152,940 (14,191) 41,000 3,535,747 Capital Projects Funds: Certificates of Obligation 1, 732,352 0 0 0 1, 732,352 Capital Equipment 2,908,726 288,669 0 0 3, 197,395 Southwest Parkway 642,231 0 0 0 642,231 1971 Bond Funds 172,838 0 0 0 172,838 1 976 Bond Funds 126,377 0 0 0 126,377 1978 Bond Funds 533,706 0 0 0 533, 706 1978 II Bond Funds 2,803,997 0 0 0 2,803,997 1981 Bond Funds 1,904,043 0 0 0 1,904,043 1 982 Bond Funds 3,902,862 0 0 0 3,902,862 1982 II Bond Funds 9,897,572 411 0 0 9,897,983 1 984 Bond Funds 10,042,055 192,320 0 0 10,234,375 1 989 Bond Funds 2, 178,615 0 0 0 2, 178,615 1991 Bond Funds 593,698 1,683, 140 0 0 2,276,838 Total Capital Projects Funds 37,439,072 2, 164,540 0 0 39,603,612 Contributions/Donations, 36,650 0 0 0 36,650 Acquisitions Prior to July 1, 1979 -Source Undetermined 6,966,235 0 0 0 6,966,235 Construction in Progress 1,406,569 2,509,883 (2,317,478) 0 1,598,974 Total General Fixed Assets $ 55,670, 181 $ 5,365,831 $ (2,672,299) $ 41 000 $ 58,404,713 -186 - STATISTICAL SECTION -187 - CITY OF COLLEGE STATION, TEXAS GENERAL GOVERNMENT AL REVENUES AND OTHER FINANCING SOURCES ( 1) LAST TEN FISCAL YEARS Fiscal General Franchise & Sales & Mixed Licenses & Fines & Year Property Tax Franchise Tax Drink Tax Permits Penalties 1985 $ 8,408 $ 267,991 $ 3, 104, 118 $ 220,378 $ 442,921 1986 208,481 315,272 3,066, 168 114,971 459,872 1987 222,826 299,973 3,016,640 102,739 442,408 1988 (3) 967,253 340,310 4,257,621 139,412 478,114 1989 1,566,885 345,416 3,825,314 97,449 490, 184 1990 1, 774,601 335,940 4,097,742 94,691 536, 155 1991 1,482,577 328,524 6,523,709 116,574 518,357 1992 1,376,970 358,949 7,209,497 .216,886 684,098 1993 1,627,228 407, 168 7,995,877 445,585 893,649 1994 2,086,274 358,392 8,776,093 557,440 915,126 ( 1) Revenues presented include the General and Debt Service Funds. (2) Revenue sharing transfers made fiscal 1980 through Fiscal Year 1987. (3) Fiscal Year 1988 represents the transition from a June 30 year-end to September 30. Fiscal Year 1988 shows the 15 months 7 /1 /87 -9/30/88. Source: City of College Station 27.5 25.0 "' 22.5 = � 20.0 :§, "' 17.5 I.. ..:: 0 Q 15.0 12.5 10.0 Total General Governmental Revenues and Other Financing Sources (for the last ten fiscal years) I - - --1- - - - '85 '86 '87 '88 '89 '90 '91 '92 '9 3 '94 Fiscal Year -188 - Transfer from Charges for Enterprise Other Financing Debt Service Services Funds All Other Sources Property Tax Total $ 286,010 $ 3,272,759 $ 453,871 $ 625,825 {2) $ 3,514,761 $ 12, 197,042 335,371 4,066,951 407,287 706,772 (2) 3,826,083 13,507,228 298,463 4,302,654 414,908 657,086 {2) 3,992,810 13,750,507 487,541 5,570, 140 577,819 61,439 3,411,171 16,290,820 500,710 4,501,169 593,764 23,520 2,845,775 14,790,186 573, 748 4,701,449 693, 154 31,565 2,716,367 15,555,412 540,096 3,772,060 553,079 121,895 3,037,368 16,994,239 720,068 3,889,872 577,129 1,241,463 3, 125,805 19,400, 737 904,004 4,266,504 800,690 68,213 3,351,369 20,760,287 1,066,268 4,407,529 760,676 2, 731,232 3,634,353 25,293,383 -189 - CITY OF COLLEGE STATION, TEXAS GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION (1) LAST TEN FISCAL YEARS Fiscal General Public Parks & Year Government Police Fire Services Recreation 1985 $ 3,559,610 $ 2,445,386 $ 2,008,648 $ 1, 142, 137 $ 1,405,236 1986 3,948,780 2,711,271 2,224,796 1,240,623 1,572,606 1987 4,214,064 3,024,395 2,324,273 1, 190,695 1,583,837 1988 (2) 4,968,662 3,883,961 2,943,886 1,561,876 2,401, 189 1989 4,335,002 3, 188,081 2,588,909 1,392,230 2,090,649 1990 4,617,138 3,363,665 2, 780,466 '1,502,988 2,428, 196 1991 4,723,549 3,491,656 2,833,455 1,940,697 2,269,977 1992 4,934,782 3,862,849 3,034,046 2, 1 08,406 2,576, 106 1993 5,289,911 4,054,244 3,331,309 2,266, 145 2,838,541 1994 5,923,568 4, 715,064 3,454,391 2,533,983 3,083,389 ( 1 ) Expenditures presented include the General and Debt Service Funds. (2) Fiscal Year 1988 represents the transition from a June 30 year-end to September 30. Fiscal Year 1988 shows the 15 months 7/1 /87 -9/30/88. (3) Utility Billing established as Internal Service Fund in Fiscal Year 1989, reducing reimbursed administrative expenditures in General Fund. In Fiscal Year 1994, Utility Billin g was combined with Electric Fund for reporting purposes. Source: City of College Station Total General Governmental Expenditures and Other Uses (for the last ten fiscal years) '85 '86 '87 '88 '89 '90. '91 '92 '93 '94 Fiscal Year - .190 - Other Library Capital Reimbursed All Debt Financing Services Outlay Administrative Other Service Uses Total $ 0 $ 651,878 $ (2,779,161} $ 0 $ 3,499,615 $ 0 $ 11,933,349 0 606, 156 (2,832, 1 53} 0 3,807,583 0 13,279,662 0 399,930 (3,353,671} 0 3,705,802 0 13,089,325 0 1,068,070 (3,818,632) 0 3,813,384 0 16,822,396 0 636,539 (2,393, 775) (3) 0 3,399,826 0 15,237,461 0 345,317 (2,276,465) (3} 0 3,422,703 200,000 16,384,008 0 602,976 (2,415,356) (3) 0 3,671,439 720,546 17,838,939 0 329,269 (2,591,911} (3} 572,578 4,843,605 0 19,669,730 283,478 412,314 (2,843,580) (3) 398, 100 3,508,905 0 19,539,367 282,255 1, 120,536 (2,886,557} (3)' 251,454 3,320,922 445,000 22,244,005 -191 - CITY OF COLLEGE STATION, TEXAS PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS Percent Fiscal Total Tax of Levy Year Tax Levy Collections Collected 1985 $ 3,446,634 $ 3,243,918 94.12% 1986 4, 163,870 3,870,682 92.96 1987 4,261,855 3,956,428 92.83 1988 4, 181,328 3,945,308 94.36 1989 4,262, 125 4, 122,235 96.72 1990 4,472,941 4,376,436 97.84 1991 4,429, 176 4,308,690 97.28 1992 4,506,448 4,373,907 97.06 1993 4,902,798 4,816,407 98.24 1994 5,681,754 5,591,040 98.40 Source: City of College Station 6.0 5.5 - "' c: 5.0 :E :§, 4.5 "' i.. ..:: 4.0 0 Q 3.5 3.0 '85 Total Tax Collections (for the last ten fiscal years) -1- --·-1-·--- '86 '87 '88 '89 '90 '9 1 Fiscal Year - 192 - '92 '93 Delinquent Tax Collections $ 79,880 105,878 192,003 315,203 202,588 98,787 136,233 77,220 107,407 129,587 '94 Outstanding Total Collections as Outstanding Delinquent Taxes as Total Tax a Percent of Current Delinquent a Percent of Current Collections Levy Taxes Levy $ 3,323,798 96.44% $ 286, 133 8.30% 3,976,560 95.50 470,034 11.29 4, 148,431 97.34 582,614 13.67 4,260,511 101.89 489,709 11. 71 4,324,823 101.47 420, 113 9.86 4,475,223 100.05 394,727 8.82 4,444,923 100.36" 327,854 7.40 4,451, 127 98.77 363,933 8.08 4,923,814 100.43 324,685 6.62 5,720,627 100.68 282, 137 4.97 - 193 - - 194 - Fiscal Year 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CITY OF COLLEGE STATION, TEXAS ASSESSED VALUE OF TAXABLE PROPERTIES ( 1) LAST TEN FISCAL YEARS Real Personal Proper.ty Property Exemptions Total $ 879,001,892 $ 116,065,055 $ 35,420,320 $ 959,646,627 993,907 ,903 144,581,203 36,875,269 1, 101,613,837 1,014,067,239 143,572,456 36,629,372 1, 121,010,323 993, 765,995 145,214,623 38,631,099 1, 100,349,519 1,002,938,332 157,209,511 38,535,922 1,121,611,921 995,686,332 161,343, 707 38,794,667 1, 118,235,372 983,973,909 156, 164,603 38,658,990 1, 101,479,522 1 ,013,892,433 150,886,397 38, 166,827 1, 126,612,003 1, 184, 748,445 168,378,927 164,570,381 1, 188,556,991 1, 145, 143,509 172,473,765 41,945,080 1,275,672, 194 (1) Assessed Value is 100% of the estimated actual value. Sources: Brazos County Appraisal District State Property Tax Board Report of Property Value 13.0 12.5 , - Assessed Value of Taxable Properties (for the last ten fiscal years) I ' -- --1 -- - -T ---- 1·----i -- I r.I) --- - - _j -·-..L � 12.0 -1- ·5 11.5 � 11.0 � 1 0.5 , -- ..:: 0 10.0 - Q 9.5 , 9.0�-=---� '85 '86 '87 188 '89 '90 '9 1 '92 '93 '94 Fiscal Year - 195 - Fiscal Year {1} 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CITY OF COLLEGE STATION, TEXAS PROPERTY TAX RATES, RATIOS AND LEVIES ALL DIRECT AND OVERLAPPING GOVERNMENTS LAST TEN FISCAL YEARS Tax Rates (2) (Per $1 00 of Assessed Value ) City School County $ .3600 $ .9500 $ .3296 .3i00 .9780 .3253 .3800 1.0790 .4170 .3800 1.0790 .4170 .3800 1.2100 .3427 .4000 1.3000 .3689 .4000 1.4400 .4105 .4000 1.6800 .4399 .4125 1.6800 .4399 .4450 1.6300 .4342 Total (3) $ 1.6396 1.6833 1.8760 1.8760 1.9327 2.0689 2.2505 2.5199 2.5324 2.5092 {1) Tax rates are established by each taxing jurisdiction on an annual basis for revenues to be collected in the following fiscal year. (2) The date that taxes are due for all jurisdictions is October 1. Taxes for all jurisdictions become delinquent on February 1. The penalty is set by state law at 6% in February, and an additional 1 % per month up to 12%. The interest is accrued at 1 % per month. (3) The upper limit of the tax rate is set at $2.50/$100of assessed value for each jurisdiction by State Statute. This limit is for both operations and debt service combined. Source: Brazos County Appraisal District 3.00 � 2.50 ::s Property Tax Rates (for the last ten fiscal years) I I ___ I __ _ I I I -···-�--·-----·---; mJ County > 2.00 "O �· � 0 School .... "' co:"' 1.50 �� Iii City 0 'o 0 1.00 :::; (;') ,_ s 0.50 0.00 '85 '86 '87 '88 '89 '90 '9 l '92 '93 '94 Fiscal Year -196 - Tax Ratios Original Tax Levies City School County City School County 100% 100% 100% $ 3,446,634 $ 9,676,001 $ 9,206,410 100 100 100 4, 163,870 11,757,247 9,997, 174 100 100 100 4,261,855 12,797,106 11,515,156 100 100 100 4, 181,328 12,959,657 12,297,807 100 100 100 4,262, 125 14,868,835 10, 138,888 100 100 100 4,472,941 15,814,785 10,476,587 - 100 100 100 4,999,328 17;388,938 11,438,852 100 100 100 5, 130,768 18,612,589 12, 184,729 100 100 100 4,902,806 21,608,259 12,789,846 100 100 100 5,681, 754 23,390,262 13,374,336 - 197 - Fiscal Year 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CITY OF COLLEGE STATION, TEXAS PAVING ASSESSMENT COLLECTIONS LAST TEN FISCAL YEARS Percentage of Current Assessments Assessments Assessment Collected Collected (%) $ 0 $ 45,746 32.24% 0 16,019 16.66 0 13,433 16.76 202,546 36,913 13.71 0 21,703 93.40 40,926 14,251 5.67 0 31,016 13.07 0 4,682 2.27 0 58,358 28.95 0 4,779 3.34 Source: City of College Station Finance Department - 198 - Total Outstanding Assessments $ 96, 153 80, 134 66, 701 232,334 210,631 237,306 206,290 201,608 143,250 138,471 CITY OF COLLEGE STATION, TEXAS COMPUTATION OF LEGAL DEBT MARGIN SEPTEMBER 30, 1994 The City has no general obligation legal debt limit other than a ceiling on the tax rate as specified by the State of Texas. The prescribed maximum is $2.50 per $100 at 100% valuation. -199 - CITY OF COLLEGE STATION, TEXAS RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA LAST TEN FISCAL YEARS Fiscal Estimated Assessed Gross Year Population Value Bonded Debt 1985 50,853 (1) $ 959,646,627 $ 21,354,000 1986 50,991 (1) 1, 101,613,837 19,907,500 1987 51,222 (1) 1,121,010,323 18,411,000 1988 51,463 (1) 1, 100,349,519 20,993,888 1989 51,707 (1) 1,121,611,921 19,242,957 1990 51,977 (1) 1, 118,235,372 20,664,590 1991 52,456 (2) 1, 101,4 79,522 18,577,355 1992 53,686 (1) 1, 126,612,003 21, 103,590 1993 54,449 (1) 1, 188,556,991 19,014,385 1994 56,374 (1) 1,275,672, 194 17,028,340 (1) Source: Metropolitan Planning Organization & City of College Station Planning Department (2) Source: U.S. Government Preliminary Census -200- Less Debt Service Cash $ Funds 1,750,986 2,028,845 2,560,656 1,890,972 1,880,417 1,528,503 1, 146,493 856, 151 870,035 1,364,212 400 300 275 250 Ratio of Net Bonded Debt Net To Assessed Bonded Debt Valuation $ 19,603,014 2.04 17,878,655 1.62 15,850,344 1.41 19,102,916 1.74 17,362,540 1.55 19, 136,087 1. 71 17,430,862 1.58 20,247,439 1.80 18, 144,350 1.53 15,664, 128 1.23 Net Bonded Debt per Capita (for the last ten fiscal years) Net Bonded Debt Per Capita $ 385 351 309 371 336 368 332 377 333 278 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 Fiscal Year -201 CITY OF COLLEGE STATION, TEXAS SCHEDULE OF DIRECT AND ESTIMATED OVERLAPPING DEBT SEPTEMBER 30, 1994 Net Debt Taxing Body Amount As Of ESTIMATED OVERLAPPING DEBT College Station l.S.D. (2) $ 33,500,000 8/31 /94 Brazos County (3) 7,265,000 8/31 /94 Bryan l.S.D. (4) 24,939,976 8/31 /94 NET DIRECT DEBT City of College Station ( 1 ) 15,664, 128 9/30/94 NET DIRECT AND ESTIMATED OVERLAPPING DEBT * Population: 56,374 { 1) Source: City of College Station Finance Department (2) Source: College Station Independent School District (3) Source: Brazos County · {4} Source: Bryan Independent School District -202 - City's Share Percent Amount 83.48 % $ 27,965,800 40.98 2,977, 197 5.17 1,289,397 32,232,394 100.00 15,664, 128 $ 47,896,522 Per Capita * $ 496 53 23 572 278 $ 850 CITY OF COLLEGE STATION, TEXAS RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL OBLIGATION DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES LAST TEN FISCAL YEARS Total General Interest, Fiscal Governmental Fiscal and Other Total Debt Expenditures Year Principal Charges Service and Other Uses Ratio 1985 $ 1,361,800 $ 2,137,815 $ 3,499,615 $ 11,933,349 29.33 % 1986 1,630,982 2, 176,601 3,807,583 13,279,662 28.67 1987 1,685,439 2,020,363 3,705,802 13,089,.325 28.31 1988 ( 1) 1,795,053 2, 108,331 3,903,384 16,822,396 ( 1 ) 23.20 (1) 1989 1,852,938 1,546,888 3,399,826 15,237,461 22.31 1990 1,913,720 1,508,983 3,422,703 16,384,008 20.89 1991 2,206,493 1,464,946 3,671,439 17,838,939 20.58 1992 3,332,876 1,510,729 4,843,605 19,669,730 24.62 1993 2, 111,906 1,396,999 3,508,905 19,539,367 17.96 1994 2,066,045 1,254,877 3,320,922 22,244,005 14.93 (1) Fiscal year 1988 represents the transition from a June 30 year-end to September 30. Fiscal year 1988 shows the 1 5 months 7 /1/87 -9/30/88. Source: City of College Station 22.5 20.0, Ratio of Annual Debt Service Expenditures for General Obligation Debt to Total General Governmental Expenditures and Other Uses (for the last ten fiscal years) 'i 17.5 , � 15.0 , :§, 12.5 , . "' 10.0 � 7.5. � 5.0 .· 2.5 , 0. 0 .,....__.....,....._.....,_.____..,..... ......... ,...._-"T-'"'"-�---X:.,-..L--"-r-'---..14-JL-....IC., '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 Fiscal Year - 203 - (§)Other 0 Debt Se1·vice CITY OF COLLEGE STATION, TEXAS UTILITY FUNDS SCHEDULE OF REVENUE BOND COVERAGE LAST TEN FISCAL YEARS Operating Fiscal Operating Expenses Net Average Annual Maximum Annual Year Revenues (Excluding Revenues Total Coverage Total Coverage Depreciation) 1985 $ 31,867,897 $ 21,673,543 $10, 194,354 $ 3,582,202 2.85 % $ 5, 172,546 1.97 % 1986 32,480,725 23,958, 157 8,522,568 3,476, 179 2.45 5, 143,007 1.66 1987 32,760,614 22,777,769 9,982,845 3,357, 119 2.97 5,096, 158 1.96 1988 (1) 48, 138,363 33,676,511 14,461,852 3, 134,547 4.61 4,758,370 3.04 1989 37,584,613 26,878,049 10,706,564 2,999,229 3.57 4,487,414 2.39 1990 37, 108,418 26,478,070 10,630,348 2,863,939 3.71 4,245,295 2.50 1991 35,558,916 27,042,224 8,516,692 2,337, 186 3.64 4,447,976 1 .91 1992 37,524,486 27,463,001 10,061,485 2, 186,415 4.60 4, 144,820 2.43 1993 39,637,874 28,912,833 10,725,041 1,683, 197 6.37 4, 176,525 2.57 1994 (2) 48,291,091 36, 190, 720 12, 100,371 1,553,305 7.79 4, 176,525 2.90 (1) Fiscal Year 1988 represents the transition from a June 30 year-end to September 30. Fiscal year 1988 shows the 15 months 7 /1 /87 -9/30/88. (2) In Fiscal Year 1994, the Utility Billing Fund was combined with the Electric Fund for reporting purposes. Source: City of College Station -204- CITY OF COLLEGE STATION, TEXAS TOTAL BANK DEPOSITS LAST TEN FISCAL YEARS Fiscal Year Amount 1985 $ 200,588,000 1986 199, 102,000 1987 214,443,000 1988 ( 1 ) 135,469,000 1989 806, 100,000 1990 703,600,000 1991 787, 700,000 1992 769,400,000 1993 717,485,000 1994 .849,702,000 (2) (3) (3) (3) (3) (3) (3) (1) Effective in fiscal year 1988, data from September 30. Prior years are June 30 reports. (2) During fiscal year 1988, First Republic Bank A&M was purchased by North Carolina National Bank and operated as a branch of N.C.N.B. -Texas National Bank (now NationsBank). Call reports are not issued by branch banks. (3) Due to continued consolidation in the banking industry, total includes Bryan­ College Station area banks. Source: Call reports for all Bryan-College Station area banks Total Bank Deposits 1,000 800 600 , - - - - -: 400, 200 0 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 Fiscal Year -205 - Year 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 CITY OF COLLEGE STATION, TEXAS CONSTRUCTION PERMITS LAST TEN CALENDAR YEARS Residential Construction Commercial Construction Number Number Number of of of Permits Value Permits Value Permits 194 $ 9,587,839 323 $ 15, 779,281 517 209 8, 104,272 134 16, 133,255 ·343 250 12,655,651 225 15,590,672 475 243 20,279,472 172 3,468,622 415 229 15,528, 105 203 22,085,987 432 213 12,539,486 56 3,870,491 269 370 18,933,748 164 17,319,566 534 475 31,503,185 153 11,648,580 628 381 38, 141,976 178 27,288,295 559 611 64,673,810 234 20,505,039 845 Source: City of College Station Building Department 9 00 800 700, "'O 600 c:J � 500, - i.. c:J 400 .Q e 300 ::: z. 200 100, 0 Construction Permits · (for the last ten fiscal years) - -· -- -I_ --- - !_ - - - !_ - _I_ - _l _ - -- - '85 I I I : -- - I --- - I - - - '86 '87 '88 I I '89 '90 '91 Fiscal Year - 206 - '92 '93 '94 Total Value $ 25,367, 120 24,237,527 28,246,323 23,748,094 37,614,092 16,409,977 36,253,314 43,151,765 65,430,271 85, 178,849 m:J Commerci:ll 0 Residential CITY OF COLLEGE STATION, TEXAS PRINCIPAL TAXPAYERS SEPTEMBER 30, 1 994 1994 Assessed Taxpayer Type of Business Valuation C.B.L. Management Retail Mall $ 44,356,552 General Telephone Utility 27,663,000 Galen Hospitals of Texas, Inc. Hospital 20,584,699 l.D.I. Investments, Inc. Apartments 19,774,580 Wal-Mart/Sam's Properties Retail 15,547,955 Resolution Trust Corporation Commercial/ Apartments 13,583, 104 Lodgec Properties Commercial/ Apartments 13,288,465 Lane College Station, Ltd. Hotel 9,656,000 Westinghouse Electric Corp. Manufacturing 9, 162, 735 Allen, Lawrence and Elizabeth Housing 7,449,500 TOTAL $ 181,066,590 Source: Brazos County Appraisal District - 207 - Percent of Total Assessed Valuation 3.48% 2.17 1.61 1.55 1.22 1.06 1.04 0.76 0.72 0.58 14.19% Utility Customer City of College Station Westinghouse Lane College Station, Ltd. Randall's Food Markets CITY OF COLLEGE STATION, TEXAS PRINCIPAL UTILITY CUSTOMERS SEPTEMBER 30, 1 994 FY 1994 KW Type of Business Consumption Municipality 8,554,800 Manufacturing 7,985,200 Hotel 6,009,000 Retail Grocery 5,343,840 Brazos Valley Medical Center Health Care 4,832,800 CBL & Associates Retail Mall 4,57_1, 100 U.S. Department of Agriculture Government 4,364,000 Wal-Mart Stores, Inc. Retail 4, 149,360 Albertson's Retail Grocery 3,331,040 Kroger Company Retail Grocery 3,314,000 TOTAL 52,455, 140 Total Percent of KW Consumed 1.85% 1.72 1.30 1.15 1.04 0.99 0.94 0.90 0.72 0.72 11.33 % Total KW consumption for the period October 1, 1993, to September 30, 1994, was 463,275,463. Source: City of College Station Utility Billing Department - 208 - CITY OF COLLEGE STATION, TEXAS MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA SEPTEMBER 30, 1 994 Date incorporated Date first charter adopted Date present charter amended Form of government Area in square miles: Fire Protection: Police Protection: Recreation: Year Square Miles 1938 1.5 1948 4.2 1958 7.3 1968 17.3 1978 22.6 1982 23.8 1986 26.7 1988 27.7 1992 28.1 1994 30.0 Miles of streets Miles of sidewalks Miles of sanitary sewer Number of stations Number of full-time employees Paved Unpaved 2 77 Number of employees (sworn) 76" Number of employees 36 Number of patrol units 1 8 One jail facility with a capacity of 20 Number of playgrounds Number of basketball courts Number of swimming pools Number of soccer fields Number of softball/baseball Number of tennis courts Number of picnic shelters Number of gyms Number of volleyball courts Number of fitness courts Number of nature trails Number of open play areas Number of picnic pavilions (Continued) -209 - 24 15 3 17 14 12 10 1 5 4 12 23 7 October 1 938 October 1 938 May 1992 Council-Manager 201.0 Miles 2.5 Miles 30.0 Miles 300.0 Miles CITY OF COLLEGE STATION, TEXAS MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DA TA SEPTEMBER 30, 1994 (Continued) Parks: Facilit:i Acres Anderson Park 8.9 Bee Creek Park 43.5 Brison Park 9.2 Brother's Pond Park 16.1 College Station Central 47.2 Conference Center 7.8 Cy Miller Park 2.5 Eastgate 1.0 Edelweiss 10.9 Emerald Forest Park 4.5 Fairview 1.8 Gabbard Park 10.7 Georgia K. Fitch 11.3 Hensel Park -TAMU 29.7 Lemon Tree Park 15.4 Lick Creek Park 515.5 Lincoln Center 8.0 Lion's Park 1.5 Utility Funds: Electric Users (Units Served) Average Electrical Consumption: Water Users (Units Served) Average Water Consumption: Number of Employees: Electric Water Sewer Water Capacity: Number of Wells Combined Capacity of Wells Number of Ground Storage Tanks, 3 Number of Elevated Storage Tanks, 2 Miles of Water Lines Facilit� Longmire Park Merry Oaks Oaks Park Parkway Raintree Richard Carter Park Sandstone Southwood Complex Thomas Park University Park Site Wayne Smith Park Westchester Windwood Wolfpen Creek Park Woodcreek Park Woodway Park Site TOT AL ACREAGE 21,835 38,606,289 KWH/Mo. 16, 1 55 189,01 l MGW/Mo. 56 34 36 4 15,600,000 GAL/day Total capacity 10,000,000 GALS Total capacity 3,000,000 GALS 300 Miles (Continued) - 210 - Acres 4.2 4.6 7.5 1.9 13.0 7.4 15.0 44.7 16.1 10.2 2.0 10.0 1.0 19.5 6.6 4.2 913.4 CITY OF COLLEGE STATION, TEXAS MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA SEPTEMBER 30, 1994 Electric Capacity: Maximum Capacity Number of Switching Stations Number of Substations Miles of Distribution Lines Solid Waste Collection Fund: Number of Users (Units Served) Methodology Education: Attendance centers Number of classrooms Number of teachers Number of students Elections: Number of registered voters: Last general election Last municipal election Number of votes cast in: Last general election Last municipal election (Continued) 1 70 megawatts 1 3 210 Miles 20,847 Curbside pickup using automated containers 9 335 384 6,409 27,957 30,654 22,366 2, 191 Percentage of registered voters voting in: Last general election Last municipal election Population: Census Count Source: City of College Station 1990 1980 1970 1960 1950 (Continued) -211 - 80.00% 7.15% 52,456 37,296 17,676 11,396 7,925 CITY OF COLLEGE STATION, TEXAS MISCELLANEOUS STATISTICAL AND DEMOGRAPHIC DATA SEPTEMBER 30, 1 994 (Continued) PROJECTED AND ACTUAL TEXAS A&M UNIVERSITY ENROLLMENT BY FALL SEMESTERS Year University Projections 1987 39,079 1988 39, 163 1989 40,492 1990 41,131 1991 40,997 1992 41,092 ·1993 42,524 1994 42,018 1995 41,000 Projected 2000 41,000 Projected Source: TAMU Planning & Institutional Analysis, October 1994 PRIMARY LABOR FORCE FOR BRAZOS COUNTY Total Percent Year Labor Force Unemgloyed 1985 56,504 4.8 1986 57,472 6.4 1987 59,595 6.2 1988 57,637 4.6 1989 61,300 4.4 1990 62,000 3.5 1991 60,988 3.6 1992 65,609 3.6 1993 66,300 3.5 1994 69,200 3.0 Source: Texas Employment Commission (Bryan, Texas) - 212 -