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FY 1981-1982 -- Comprehensive Annual Financial Report Cat Air.„e Coke a Station, Texas FINANCE DEPARTMENT (11110::11\111111111."--1Pid7112) /1 Annuai Financial Report GARY M. HALTER For the Fiscal Year Ending MAYOR June 30, 1982 CITY OF COLLEGE STATION, TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT JUNE 30, 1982 PREPARED BY FINANCE DEPARTMENT CITY OF COLLEGE STATION, TEXAS CITY OF COLLEGE STATION COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 1982 TABLE OF CONTENTS INTRODUCTORY SECTION: PAGE Organization Chart 1 Principal City Officials 2 City Manager's Letter of Transmittal 3 Finance Director's Letter of Transmittal 5 Certificate of Conformance in Financial Reporting 10 FINANCIAL SECTION: EXHIBIT Auditor's Opinion 12 General Purpose Financial Statements - Overview: Combined Balance Sheet - All Fund Types and Account Groups. . . . 1 14 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Governmental Fund Types and Expendable Trust Funds 2 18 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget (GAAP Basis) and Actual - General and Special Revenue Fund Types 3 20 Combined Statement of Revenues, Expenses, and Changes in Retained Earnings/Fund Balances - All Proprietary Fund Types and Similar Trust Funds 4 22 Combined Statement of Changes in Financial Position - All Proprietary Fund Types and Similar Trust Funds 5 23 Notes to Financial Statements 24 STATEMENT/ FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS: SCHEDULE General Fund Statement of Revenues and Transfers - Estimated and Realized A-1 41 Statement of Expenditures Compared with Appropriations A-2 43 Special Revenue Funds Combining Balance Sheet B-1 52 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances B-2 53 i CITY OF COLLEGE STATION COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 1982 TABLE OF CONTENTS (CONTINUED) STATEMENT/ PAGE Revenue Sharing Fund SCHEDULE Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (GAAP Basis) and Actual B-3 54 Hotel/Motel Tax Fund Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget (GAAP Basis) and Actual B-4 55 Debt Service Fund Statement of Revenues, Expenditures, and Changes in Fund Balance C-1 57 Capital Projects Funds Combining Balance Sheet D-1 60 Combining Statement of Revenues, Expenditures, and Changes in Fund Balance D-2 64 Enterprise Funds Combining Balance Sheet E-1 70 Combining Statement of Revenues, Expenses, and Changes in Retained Earnings E-2 72 Combining Statement of Changes in Financial Position E-3 73 Utility Fund Balance Sheet E-4 74 Statement of Revenues, Expenses and Changes in Retained Earnings E-5 76 Statement of Revenues - Budget (Non-GAAP Budgetary Basis) and Actual E-6 77 Statement of Expenses - Budget (Non-GAAP Budgetary Basis) and Actual E-7 78 Schedule of Restricted Assets and Liabilities Payable From Restricted Assets E-8 81 Schedule of Fixed Assets and Depreciation E-9 82 ii CITY OF COLLEGE STATION COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 1982 TABLE OF CONTENTS (CONTINUED) STATEMENT/ PAGE SCHEDULE Schedule of Revenue Bond Debt E-10 84 Sanitation Fund Balance Sheet E-11 86 Statement of Revenues, Expenses, and Changes in Retained Earnings E-12 87 Statement of Expenses - Budget (Non-GAAP Budgetary Basis) and Actual E-13 88 Fiduciary Funds Combining Balance Sheet F-1 90 General Fixed Assets Account Group Statement of General Fixed Assets G-1 93 Schedule of Changes in General Fixed Assets G-2 94 General Long-Term Debt Account Group Statement of General Long-Term Debt H-1 97 Schedule of Tax Obligation Bond Debt H-2 98 Schedule of Other Tax Obligation Debt H-3 100 STATISTICAL SECTION: Table General Governmental Expenditures and Other Uses by Function . I 103 General Revenues and Other Financing by Source II 104 Property Tax Levies and Collections III 106 Assessed and Estimated Actual Value of Taxable Property IV 108 Property Tax Rates, Ratios, and Levies - All Overlapping Governments V 110 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita VI 112 iii CITY OF COLLEGE STATION COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 1982 TABLE OF CONTENTS (CONTINUED) STATISTICAL SECTION TABLE PAGE Computation of Legal Debt Margin VII 114 Statement of Direct and Estimated Overlapping Debt VIII 115 Ratio of Annual Debt Service Expenditures for General Obligation Debt to Total General Fund Expenditures IX 116 Schedule of Revenue Bond Coverage X 117 Bank Deposits XI 118 Construction Permits XII 119 Principal Taxpayers XIII 120 Miscellaneous Statistical Data XIV 121 iv CITY OF COLLEGE STATION ORGANIZATION CHART JUNE 30, 1982 CITIZENS OF COLLEGE STATION MAYOR/CITY COUNCIL { CITY SECRETARY CITY MANAGER CITY ATTORNEY ASSISTANT CITY MANAGER LEGAL I I I I J I 1 Administrative Fiscal Public Police Fire Capital Parks Services Administration Services Administration Administration Improvements Administration ' I I I f I I 1 -Personnel -Accounting -Streets -Uniformed -Fire -Engineering -Recreation Bureau Operations Administration 1 -Energy -Tax -Garage -Investigation -Fire -Engineering -Aquatics Prevention -Civic Center -Utilities -Cemetery/Ground -Special -Ambulance -Planning -Parks Maintenance Services Maintenance -Purchasing -Elect. Transmission -Municipal -Building -Forestry Court Inspection -Warehouse -Elect. Distribution -Data -Water Production Processing -Meter -Water Distribution Service -Sewer Treatment -Sewer Collection -Residential Collection -Commercial Collection -Landfill CITY OF COLLEGE STATION PRINCIPAL CITY OFFICIALS JUNE 30, 1982 Mayor Gary M. Halter Councilman - At Large Alvin Prause Councilman - At Large Robert C. Runnels Councilman - At Large Larry J. Ringer Councilman - At Large Patricia B. Boughton Councilman - At Large Tony Jones Councilman - At Large Lynn Nemec City Manager North Bardell Assistant City Manager/Director of Finance A E Van Dever, Jr. Tax Assessor/Collector Glenn Schroeder Municipal Court Judge William W. Vance City Attorney Lowell Denton City Health Officer Dr T.O. Walton, Jr. • - 2 - 070 City of College Station POST OFFICE E3C)X 9960 1 101 TEXAS AVENI'L COLLEGE STATION,TEXAS 77840 September 30, 1982 Honorable Mayor and ,Members of the City Council City of College Station Dear Council: In accordance with the statutes of the State of Texas and local charter provisions, I hereby transmit the annual financial report of the City of College Station as of June 30, 1982 and for the fiscal year then ended. Responsibility for both the accuracy of the data presented and the completeness and fairness of the presenta- tion, including all disclosures, rests with the City. Management believes that the data, as presented, is accurate in all material respects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial affairs have been included. In developing and evaluating the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are discussed by the finance director in his accompanying letter of transmittal, and within that framework, I believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. This report has been prepared following the guidelines recommended by the Municipal Finance Officers Association of the United States and Canada. The Municipal Finance Officers Association awards Certificates of Conformance to those governments whose annual financial reports are judged to conform substantially with high standards of public financial reporting including generally accepted accounting principles promulgated by the National Council on Governmental Accounting. The City of College Station was awarded a Certificate of Conformance for its fiscal year ending 1981 and it is my belief that the accompanying fiscal year 1982 financial report will also meet program standards. In accordance with the above-mentioned guidelines, the accompanying report consists of three parts: 1) Introductory section, including the finance director's letter of transmittal. - 3 - Honorable Mayor and September 30, 1982 Members of the City Council Page 2 City of College Station 2) Financial section, including the financial statements and supplemental data of the government accompanied by our independent auditor's opinion. 3) Statistical section, including a number of tables of unaudited data depicting the financial history of the government for the past ten years, information on overlapping governments, and demographic and other miscellaneous information. The City Charter requires that the financial statements of the City of College Station be audited by an independent Certified Public Accountant selected by the City Council. This requirement has been complied with and our auditor's opinion is included in the financial section of this report. The preparation of this annual report could not have been accomplished without the dedicated effort of the Director of Finance and his entire staff. Their efforts toward upgrading the accounting and financial reporting system of the City of College Station have led substantially to the improved quality of information being reported to the City Council, myself, bond rating companies, state agencies and the citizens of College Station. Respectfully submitted, 1i. 1/ 1 / / r� ORTH L City anager NB:dka - 4 - eval.:Af' City of College Station POST OFFICE BOX 9960 1 101 TEXAS AVENUE COLLEGE STATION,TEXAS 77840 September 30, 1982 Honorable Mayor, Members of the City Council, and City Manager City of College Station The Comprehensive Annual Financial Report of the City of College Station, for the fiscal year ended June 30, 1982, is submitted herewith. This report was pre- pared by the City's Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the City. We believe the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the City's financial affairs have been included. Accounting System and Budgetary Control In developing and evaluating the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records for preparing financial statements and main- taining accountability for assets. 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 evaluation of costs and benefits requires estimates and judg- ments by management. All internal control evaluations occur within the above framework. We believe that the City's internal accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of financial transactions. Budgetary control is maintained at the subfunction level by the encumbrance of estimated purchase amounts prior to the release of purchase orders to vendors. Purchase orders which result in an overrun of subfunction balances are not released until additional appropriations are made available. Open encumbrances are reported as reservations of fund balance at June 30, 1982. The Reporting Entity and Its Services This report includes all of the funds and account groups of the City. It includes all activities considered by the U.S. Bureau of Census to be part of (controlled by or dependent on) the City. - 5 - Honorable Mayor, Members of the September 30, 1982 City Council, and City Manager Page 2 City of College Station The City provides a full range of municipal services and products. These include police and fire protection, streets, sanitation, health, art-cultural, parks, public improvements, planning and zoning, general administrative services, electrical, water and sewer systems. General Governmental Function Revenues and other financing sources for general governmental function totaled $7,224,970 in 1982, an increase of 25.6 percent over 1981. General property taxes produced 8.40 percent of general revenue as compared to 8.92 percent last year. The amount of revenues from various sources and the change from the prior year are shown in the following tabulation: Increase Percent (Decrease) Revenue Source Amount Of Total From 1981 Property Taxes and Penalties $ 606,989 8.40 $ 93,875 Charges For Services 177,930 2.46 41,211 Fines and Forfeitures 418,371 5.79 11,735 City Sales Tax 1,794,603 24.84 249,733 Contribution From Enterprise Fund 2,719,534 37.64 541,431 Franchise Receipts 177,753 2.46 41,930 Miscellaneous Revenues and Other Sources 1,329,790 18.41 494,850 Total $7.224.970 100.00% $1.474.765 Assessed valuations of 433. 1 million represented an increase of 116.0 million over 1981. The major portion of this increase was due to growth in 1982 and the assessment of property at 100% of market value as mandated by state law. Current tax collections were 96.50 percent of the tax levy, up 0.80 percent from last year. This is the sixth consecutive year in which current property tax collections have exceeded 95 percent and is the eighth time in ten years collections have exceeded this mark. Delinquent tax collections increased by more than $6,000 over 1981. The ratio of total collections (current and delinquent) to the current tax levy was 100.46 percent, an increase of 1.01 percent when compared to last year. Allocation of the property tax levy by purpose for 1982 and the preceding two fiscal years are as follows (amounts per $100 assessed value) : Purpose 1982 1981 1980 General Fund $. 1448 $.1697 $.1553 General Obligation Debt . 1652 .2203 .2347 Total Tax Rate $.3100 S.3900 $.3900 - 6 - Honorable Mayor, Members of the September 30, 1982 City Council, and City Manager Page 3 City of College Station Expenditures and other uses for general governmental purposes (General Fund and Debt Service) totaled $8,492,036, an increase of 35.5 percent over 1981. Increases in levels of expenditures for major functions of the City over the preceding year are shown in the following tabulation: Increase Percent (Decrease) Function Amount Of Total From 1981 General Government $2,694,409 31.73% $ 886,304 Police 1,651,836 19.45 455, 168 Fire 1,388,723 16.35 343,969 Streets 405,758 4.78 150,494 Parks 779,480 9. 18 138,983 Debt Service 1,571,830 18.51 249,523 Total $8.492,036 100.00% $2.224,441 Unreserved fund balances and retained earnings in the major operating funds were maintained at adequate levels. The' General Fund balance of $2,816,888 was up $473,482 from 1981; the Debt Service Fund balance of $812,717 was up $43,159 from the prior year; and the $358,488 balance in the Special Revenue Funds was down $89,761. Of the $683,738 balance in retained earnings of the Sanitation Fund, $112,262 is the increase from operations in 1981. The Utility Fund retained earn- ings increased $3,882,684. Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are useful indicators of the City's debt position to municipal management, citizens and investors. These data for the City at the end of the 1982 fiscal year were as follows: Ratio of Debt Debt Ratio of Net Bonded to Present Per Amount Debt to Assessed Value Market Value Capita Net Direct Bonded Debt $13,877,283 3.20% 3.20% $304.17 Outstanding general obligation bonds at June 30, 1982, totaled $14,690,000. In addition, $2,274, 172 of long term notes and certificates are outstanding. For more detailed information about the debt position of the City, please refer to the statistical tables in the final section of this report. The City's bonds continue to carry the same ratings which they have had for the past few years. The ratings are as follows: - 7 - Honorable Mayor, Members of the September 30, 1982 City Council, and City Manager Page 4 City of College Station Moody's Investors Service Standard & Poor's General Obligation Bonds A-1 A+ Revenue Bonds A-1 AA- Cash Management Cash temporarily idle during the year was invested in time deposits ranging form 30 to 365 days to maturity. All time deposits were in the the form of certifi- cates of deposit. The average yield on maturing investments during the year was 15.9 percent, and the amount of interest earned was $1,849,461. The City of College Station took bids in 1981 to determine which financial institutions would serve as City Depositories. The funds were bid by groups: operating, bond, and debt service funds. Very favorable results were achieved in that all operating funds received a rate equal to a factor of 1.29 times the rate in the Treasury bill yield column while all other funds received 1. 12 times the rate in that column. Another significant gain is, on a weekly basis, all funds were invested over the weekend per a repurchase agreement which is part of the Depository Contract. During the twelve month period ended August 31, 1982, this repurchase agreement earned interest income of $193,652. Capital Project Funds Proceeds of general obligation bond issues are accounted for in Capital Proj- ects Funds until the projects are completed. These projects and construction in progress at year end are capitalized in the General Fixed Assets group of accounts. During 1982, projects costing $2,057,790 were completed. Authorized but unissued bonds at June 30, 1982 totaled $7,090,000. The Capital Project Fund balances on hand at June 30, 1982 totaled $4,318,784. General Fixed Assets The general fixed assets of the City are those fixed assets used in the perfor- mance of general governmental functions and exclude the fixed assets of Enterprise Funds. As of June 30, 1982 the general fixed assets of the City amounted to $14,926,203. This amount represents the original cost of the assets and is consid- erably less than their present value. Depreciation of general fixed assets is not recognized in the City's accounting system. Sanitation Fund Net income for 1982 totaled $112,262, increasing retained earnings to $683,738. This reserve will be used for major capital expenditures in future years. Utility Fund The City's utility operation continued to show gains in operating revenues, numbers of customers, and net income. The debt service coverage remained steady at 4.75. Comparative data for the past two fiscal years are presented in the following tabulation: - 8 - Honorable Mayor, Members of the September 30, 1982 City Council, and City Manager Page 5 City of College Station 1982 1981 Operating Revenues $16,549,721 $11,917,202 Operating Income $ 6,292,796 $ 3,372,521 Income Available for Debt Service $ 7,093,046 $ 3,942,350 Annual Debt Service $ 1,492,660 $ 812,578 Coverage (income available for debt service divided by average annual debt) 4.75 4.85 During the year, $763,000 of regularly maturing revenue bonds were retired in the Utility Fund. In addition, $356,750 of general obligation bonds, serviced with earnings of the Utility activities, were retired. Independent Audit The City Charter requires an annual audit of the books of account, financial records, and transactions of all administrative departments of the City by indepen- dent certified public accountants selected by the City Council. This requirement has been complied with and the auditor's opinion has been included in this report. Certificate of Conformance The Municipal Finance Officers Association of the United States and Canada (MFOA) awarded a Certificate of Conformance in Financial Reporting to the City of College Station, Texas for its comprehensive annual financial report for the fiscal year ended June 30, 1981. In order to be awarded a Certificate of Conformance, a government must publish an easily readable and efficiently organized comprehensive annual financial report, whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Conformance is valid for a period of one year only. We believe our current report continues to conform to Certificate of Conformance Program requirements, and we are submitting it to MFOA to determine its eligibility for another certificate. Acknowledgements The preparation of this report on a timely basis could not have been accom- plished without the efficient and dedicated services of the entire staff of the Finance Department. I would like to express my appreciation to all members of the Department who assisted and contributed to its preparation. I would also like to thank the Mayor, City Council and City Manager for their interest and support in planning and conducting the financial operation of the City in a responsible and progressive manner. Re e lly S 'mitted, A.E. V' D',ER, R. Assistant :ty anag, Director of F nance AEV/of1 - 9 - Certificate of Conformance in Financial Reporting Presented to City of College Station , Texas For its Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 1981 A Certificate of Conformance in Financial Reporting is presented by the Municipal Finance Officers Association of the United States and Canada to governmental units and public employee retirement systems whose comprehensive annual financial reports (CAFR's) are judged to substantially conform to program standards. EOfF a� FT F „ iUNITEDSTATES q ;i AND y 7.;,... ,.. .,.., President AOA ON J''oI 0-aCOOPOCANAATI ' l)CNIcAGD1O-%,7,--Z-1:1' Q1,0,14;34, 40 ' / ' Executive Direct. - 10 - 1300 11th Street, FNB Box 8001 First National Bank Building, Suite 500 Huntsville, Texas 77340-3896 ereford, Lynch • (713) 295-5796 Certified Public Accountants • A Professional Corporation September 30, 1982 • Honorable Mayor, Members of the City Council, and City Manager City of College Station We have examined the combined financial statements of the City of College Station and its combining and individual fund financial statements as of and for the year ended June 30, 1982, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other 1 auditing procedures as we considered necessary in the circumstances. In our opinion, the combined financial statements referred to above present fairly the financial position of the City of College Station at June 30, 1982, and the results of its operations and the changes in financial position of its proprietary fund types and similar trust funds for the year then ended, in conformity with generally accepted accounting principles. Also, in our 1 opinion, the combining and individual fund financial statements referred to above present fairly the financial position of the 1 individual funds of the City of College Station at June 30, 1982, their results of operations, and the changes in financial position of individual proprietary funds for the year ended, in conformity with generally accepted accounting principles. Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole and on the combining and individual fund financial statements. The accompanying financial information listed as supplemental • schedules in the table of contents is presented for purposes of additional analysis and is not a required part of the combined financial statements of the City of College Station. The 1 information has been subjected to the auditing procedures applied in the examination of the combined, combining, and individual fund financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. Other Locations: Cleveland,Texas Conroe,Texas - Houston,Texas - 12 Members of the American Institute of Certified Public Accountants Honorable Mayor, Members of the September 30, 1982 City Council, and City Manager Page 2 Information contained in the statistical tables as listed in the table of contents has not been subjected to the auditing procedures applied in the examination of the combined, combining, and individual fund financial statements and therefore, we do not express any opinion concerning them. Respectfully Submitted, HEREFORD, LYNCH & CO.. , P. C. CANDYCE F. DIXON Certified Public Accountant CFD/ofl - 13 - CITY OF COLLEGE STATION COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30, 1982 Exhibit 1 Page 1 of 2 Governmental Fund Types Special Debt Capital ASSETS General Revenue Service Projects Cash on Hand and in Bank $ 279,059 $ 18,763 $ 10,354 $ 569,904 Certificates of Deposit 2,273,000 385,000 851,000 3,839,000 Receivables (Net, Where Applicable, of Allowances for Uncollectibles) : Delinquent Taxes 33,812 -0- 36,924 -0- Accounts -0- -0- -0- -0- Paving Assessments 385,484 -0- -0- -0- Accrued Interest 40,816 3,122 8,256 62,357 Ambulance Services 7,656 -0- -0- -0- Cemetery Plot Sales 2,918 -0- -0- -0- Other 8,126 -0- -0- -0- Due From Other Funds 331,348 -0- -0- 159,058 Due From Restricted Funds 384 -0- -0- 145,716 Due From Other Governments -0- 79,589 -0- 50,081 Inventories 47,432 -0- -0- -0- Prepaid Expenses 45,434 -0- -0- -0- Restricted Assets: Cash in Bank -0- -0- -0- -0- Certificates of Deposit -0- -0- -0- -0- Accrued Interest Receivable -0- -0- -0- -0- Due From Other Funds -0- -0- -0- -0- Due From Restricted Funds -0- -0- -0- 1,008,270 Inventories -0- -0- -0- -0- Fixed Assets -0- -0- -0- -0- Accumulated Depreciation -0- -0- -0- -0- Deferred Charges -0- -0- -0- -0- Amount Available for Retirement of General Long-Term Debt -0- -0- -0- -0- Amount to be Provided for Retirement of General Long-Term Debt -0- -0- -0- -0- TOTAL ASSETS: $3.455.469 8486.474 $906.534 $5.834.386 See accompanying notes to financial statements. - 14 - Account Group Proprietary Fiduciary General General Fund Type Fund Type Fixed Long-Term Memorandum Enterprise Trusts Assets Debt Totals $ 303,921 $ 8,477 $ -0- $ -0- $ 1,190,478 1,000,000 24,000 -0- -0- 8,372,000 -0- -0- -0- -0- 70,736 1,067,231 -0- -0- -0- 1,067,231 -0- -0- -0- -0- 385,484 6,588 2,758 -0- -0- 123,897 -0- -0- -0- -0- 7,656 -0- -0- -0- -0- 2,918 -0- -0- -0- -0- 8,126 153,829 967 -0- -0- 645,202 423,013 -0- -0- -0- 569, 113 -0- -0- -0- -0- 129,670 791,178 -0- -0- -0- 838,610 38,631 -0- -0- -0- 84,065 740,434 -0- -0- -0- 740,434 7,054,000 -0- -0- -0- 7,054,000 134,495 -0- -0- -0- 134,495 326,049 -0- -0- -0- 326,049 1,733,895 -0- -0- -0- 2,742,165 2,398 -0- -0- -0- 2,398 30,883,999 -0- 14,926,203 -0- 45,810,202 (4,284,173) -0- -0- -0- (4,284,173) 598,536 -0- -0- -0- 598,536 -0- -0- -0- 812,717 812,717 -0- -0- 16,151,455 16,151,455 $40.974.024 $36.202 $14.926.203 $16.964.172 $83.583.464 - 15 - CITY OF COLLEGE STATION COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS JUNE 30, 1982 Exhibit 1 Page 2 of 2 Governmental Fund Types Special Debt Capital General Revenue Service Projects LIABILITIES Accounts Payable $ 26,874 $ 77,986 $ -0- $ 282,383 Sales Tax Payable -0- -0- -0- -0- Contracts Payable -0- -0- -0- 9, 111 Retainage Payable - Contractors -0- -0- -0- 85,941 Due to Other Funds 73,328 50,000 55,524 261,425 Due to Restricted Funds 104,096 -0- -0- -0- Matured Interest Coupons Payable -0- -0- 1,369 -0- Liabilities Payable From Restricted Assets: Construction Contracts and Retainages Payable -0- -0- -0- -0- Accrued Revenue Bond Interest Payable -0- -0- -0- -0- Matured and Currently Maturing Portion of Revenue Bonds -0- -0- -0- -0- Due to Other Funds -0- -0- -0- 463,878 Due to Restricted Funds -0- -0- -0- 412,864 Customers' Meter Deposits -0- -0- -0- -0- Refundable Deposits 12,069 -0- -0- -0- Deferred Revenues 422,214 -0- 36,924 -0- Revenue Bonds Payable (Net of Currently Maturing Portion) -0- -0- -0- -0- General Obligation Bonds Payable -0- -0- -0- -0- Certificates of Obligation Payable -0- -0- -0- -0- Notes Payable -0- -0- -0- -0- Total Liabilities $ 638,581 $127,986 $ 93,817 $1,515,602 FUND EQUITY Contributed Capital $ -0- $ -0- $ -0- $ -0- Investment in General Fixed Assets -0- -0- -0- -0- Retained Earnings: Unreserved -0- -0- -0- -0- Fund Balance: Reserved for Encumbrances 3,593 -0- -0- 101,593 Reserved for General Fixed Assets 339,598 -0- -0- 3,460,776 Reserved for Utility Fixed Assets -0- -0- -0- 322,522 Reserved for Debt Service -0- -0- 812,717 -0- Reserved for Firemen's Relief & Retirement -0- -0- -0- -0- Reserved for Cemetery Perpetual Care -0- -0- -0- -0- Unreserved - Undesignated 2,473,697 358,488 -0- 433,893 Total Fund Equity $2,816,888 $358,488 $812,717 $4,318,784 TOTAL LIABILITIES AND FUND EQUITY: $3.455.469 $486.474 $906.534 $5.834.386 See accompanying notes to financial statements. - 16 - Account Groups Proprietary Fiduciary General General Fund Type Fund Type Fixed Long-Term Memorandum Enterprise Trusts Assets Debt Totals $ 38,410 $ -0- $ -0- $ -0- $ 425,653 22,568 -0- -0- -0- 22,568 -0- -0- -0- -0- 9,111 -0- -0- -0- -0- 85,941 204,925 -0- -0- -0- 645,202 221,953 -0- -0- -0- 326,049 -0- -0- -0- -0- 1,369 62,452 -0- -0- -0- 62,452 423,359 -0- -0- -0- 423,359 1, 188,000 -0- -0- -0- 1,188,000 105,235 -0- -0- -0- 569, 113 2,329,301 -0- -0- -0- 2,742,165 1, 163,054 -0- -0- -0- 1,163,054 -0- -0- -0- -0- 12,069 -0- -0- -0- -0- 459,138 14,654,714 -0- -0- -0- 14,654,714 -0- -0- -0- 14,690,000 14,690,000 -0- -0- -0- 2,238,843 2,238,843 -0- -0- -0- 35,329 35,329 $20,413,971 $ -0- $ -0- $16,964, 172 $39,754, 129 $ 9,381, 151 $ -0- $ -0- $ -0- $ 9,381,151 -0- -0- 14,926,203 -0- 14,926,203 11, 178,902 -•0- -0- -0- 11,178,902 -0- -0- -0- -0- 105, 186 -0- -0- -0- -0- 3,800,374 -0- -0- -0- -0- 322,522 -0- -0- -0- -0- 812,717 -0- 364 -0- -0- 364 -0- 35,838 -0- -0- 35,838 -0- -0- -0- -0- 3,266,078 $20,560,053 $36,202 $14,926,203 $ -0- $43,829,335 $40.974.024 $36.202 $14.926.203 $16.964. 172 $83.583.464 - 17 - CITY OF COLLEGE STATION COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 2 Governmental Fund Type Special Debt Capital REVENUES: General Revenue Service Projects Taxes $ 2,659,464 $ 312,073 $ 687,154 $ -0- Licenses 6, 183 -0- -0- -0- Permits 290,848 -0- -0- -0- Service Fees 14,950 -0- -0- -0- Fines 403,421 -0- -0- -0- Certificates 2,546 -0- -0- -0- City Services Provided 177,930 -0- -0- -0- Intergovernmental -0- 306,611 -0- 475,061 Penalty & Interest on Delinquent Taxes -0- -0- 6,703 -0- Miscellaneous 1,708,488 77,074 137,070 582,271 Total Revenues $ 5,263,830 $ 695,758 $ 830,927 $ 1,057,332 EXPENDITURES: Current: Administration $ 438,631 $ -0- $ -0- $ -0- Finance 1,023,664 -0- -0- -0- Public Service 844,474 -0- -0- -0- Police 1,651,836 -0- -0- -0- Fire 1,388,723 -0- -0- -0- Engineering 653,154 -0- -0- -0- Parks 779,480 -0- -0- -0- Miscellaneous 15,856 -0- -0- -0- Culture & Recreation -0- 226,336 -0- -0- Debt Service: Principal Retirement -0- -0- 856,343 -0- Interest and Fiscal Charges -0- -0- 715,487 -0- Capital Outlay -0- -0- -0- 3,695,143 Total Expenditures $ 6,795,818 $ 226,336 $1,571,830 $ 3,695, 143 • Excess (Deficiency) of Revenues Over Expenditures $(1,531,988) $ 469,422 $ (740,903) $(2,637,811) OTHER FINANCING SOURCES (USES) : Proceeds From General Obligation Bonds $ -0- $ -0-- $ -0- $ 4,205,000 Proceeds From Certificates of Obligation 91,380 400,000 -0- -0- Operating Transfers In 1,869,760 -0- 784,062 2,207,960 Operating Transfers Out (124,388) (959,183) -0- (1,384,911) Total Other Financing Sources (Uses) $ 1,836,752 $(559,183) $ 784,062 $ 5,028,049 Excess (Deficiency) of Revenues and Other Financing Sources Over Expenditures and Other Uses $ 304,764 $ (89,761) $ 43,159 $ 2,390,238 Fund Balance at Beginning of Year 2,343,406 448,249 769,558 1,928,546 Increase in Reserve for Purchase of Fixed Assets 168,718 -0- -0- -0- FUND BALANCE AT END OF YEAR: $ 2.816.888 $ 358.488 $ 812.717 $ 4.318.784 See accompanying notes to financial statements. - 18 - Fiduciary Fund Type Expendable Memorandum Trust Totals $ -0- $ 3,658,691 -0- 6, 183 -0- 290,848 -0- 14,950 -0- 403,421 -0- 2,546 -0- 177,930 -0- 781,672 -0- 6,703 5,581 2,510,484 $ 5,581 $ 7,853,428 $ -0- $ 438,631 -0- 1,023,664 -0- 844,474 -0- 1,651,836 -0- 1,388,723 -0- 653, 154 -0- 779,480 -0- 15,856 -0- 226,336 -0- 856,343 -0- 715,487 -0- 3,695, 143 $ -0- $12,289, 127 $ 5,581 $(4,435,699) $ -0- $ 4,205,000 -0- 491,380 -0- 4,861,782 -0- (2,468,482) $ -0- $ 7,089,680 $ 5,581 $ 2,653,981 30,257 5,520,016 -0- 168,718 $ 35.838 $ 8.342.715 - 19 - CITY OF COLLEGE STATION COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET (GAAP BASIS) AND ACTUAL GENERAL AND SPECIAL REVENUE FUND TYPES FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 3 General Fund Variance Favorable Budget Actual (Unfavorable) REVENUES: Taxes $ 2,339,778 $ 2,659,464 $ 319,686 Licenses 3,835 6,183 2,348 Permits 121,200 290,848 169,648 Service Fees 9,000 14,950 5,950 Fines 420,000 403,421 (16,579) Certificates 2, 150 2,546 396 City Services Provided 127,600 177,930 50,330 Intergovernmental -0- -0- -0- Miscellaneous 1,454,212 1,708,488 254,276 Total Revenues $ 4,477,775 $ 5,263,830 $ 786,055 EXPENDITURES: Current: Administration $ 437,535 $ 438,631 $ (1,096) Finance 1,042,690 1 ,023,664 19,026 Public Service 1,006,287 844,474 161,813 Police 1,664,898 1,651,836 13,062 Fire 1,509,959 1,388,723 121,236 Engineering 687,453 653,154 34,299 Parks 800,540 779,480 21,060 Miscellaneous -0- 15,856 (15,856) Culture and Recreation -0- -0- -0- • Total Expenditures $ 7, 149,362 $ 6,795,818 $ 353,544 Excess (Deficiency) of Revenues Over Expenditures $(2,671,587) $(1,531,988) $1,139,599 OTHER FINANCING SOURCES (USES) : Proceeds From Certificate of Obligation $ -0- $ 91,380 $ 91,380 Operating Transfers In 1,869,760 1,869,760 -0- Operating Transfers Out (120,280) (124,388) (4,108) Total Other Financing Sources (Uses) $ 1,749,480 $ 1,836,752 $ 87,272 Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses $ (922,107) $ 304,764 $1,226,871 Fund Balance at Beginning of Year 2,343,406 2,343,406 -0- Increase in Reserve for Purchase of Fixed Assets -0- 168,718 168,718 FUND BALANCE AT END OF YEAR: S 1.421.299 $ 2.816.888 $1.395.589 See accompanying notes to financial statements. - 20 - Special Revenue Fund Memorandum Totals Variance Variance Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) $ 255,000 $ 312,073 $ 57,073 $ 2,594,778 $ 2,971,537 $ 376,759 -0- -0- -0- 3,835 6,183 2,348 -0- -0- -0- 121,200 290,848 169,648 -0- -0- -0- 9,000 14,950 5,950 -0- -0- -0- 420,000 403,421 (16,579) -0- -0- -0- 2,150 2,546 396 -0- -0- -0- 127,600 177,930 50,330 265, 100 306,611 41,511 265, 100 306,611 41,511 -0- 77,074 77,074 1,454,212 1,785,562 331,350 $ 520, 100 $ 695,758 $175,658 $ 4,997,875 $ 5,959,588 $ 961,713 $ -0- $ -0- $ -0- $ 437,535 $ 438,631 $ (1,096) -0- -0- -0- 1,042,690 1,023,664 19,026 -0- -0- -0- 1,006,287 844,474 161,813 -0- -0- -0- 1,664,898 1,651,836 13,062 -0- -0- -0- 1,509,959 1,388,723 121,236 -0- -0- -0- 687,453 653,154 34,299 -0- -0- -0- 800,540 779,480 21,060 -0- -0- -0- -0- 15,856 (15,856) 204,767 226,336 (21,569) 204,767 226,336 (21,569) $ 204,767 $ 226,336 $(21,569) $ 7,354, 129 $ 7,022,154 $ 331,975 $ 315,333 $ 469,422 $ 154,089 $(2,356,254) $(1,062,566) $1,293,688 $ 400,000 $ 400,000 $ -0- $ 400,000 $ 491,380 $ 91,380 -0- -0- -0- 1,869,760 1,869,760 -0- (947,557) (959, 183) (11,626) (1,067,837) (1,083,571) (15,734) $(547,557) $(559,183) $(11,626) $ 1,201,923 $ 1,277,569 $ 75,646 $(232,224) $ (89,761) $142,463 $(1,154,331) $ 215,003 $1,369,334 448,249 448,249 -0- 2,791,655 2,791,655 -0- -0- -0- -0- -0- 168,718 168,718 $ 216.025 $ 358.488 $142.463 $ 1.637.324 $ 3.175.376 $1.538.052 - 21 - CITY OF COLLEGE STATION COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS/FUND BALANCES - ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 4 Fiduciary Proprietary Fund Fund Type Utility Sanitation Pension Memorandum Fund Fund Trust Totals OPERATING REVENUES: Charges for Services $16,549,721 $770,366 $ -0- $17,320,087 Contributions -0- -0- 15 15 Total Operating Revenues $16,549,721 $770,366 $ 15 $17,320,102 OPERATING EXPENSES: Salaries and Benefits $ 950,587 $403,240 $ 3,900 $ 1,357,727 Supplies 313,530 24,177 -0- 337,707 Building Maintenance 140,401 -0- -0- 140,401 Equipment Maintenance 68,208 68, 108 -0- 136,316 Services 6,734,399 6,607 -0- 6,741,006 Sundry 25,100 6,323 -0- 31,423 Administrative Transfers 1,072,287 -0- -0- 1,072,287 Depreciation 800,250 127,967 -0- 928,217 Bad Debts 152,163 -0- -0- 152,163 Total Operating Expenses $10,256,925 $636,422 $ 3,900 $10,897,247 OPERATING INCOME: $ 6,292,796 $133,944 $(3,885) $ 6,422,855 NONOPERATING REVENUES (EXPENSES) : Interest Earnings $ 857,926 $ 15,973 $ 35 $ 873,934 Miscellaneous Fees 2,999 15,580 -0- 18,579 Revenue Bond Interest (942,105) -0- -0- (942,105) Amortization of Bond Issuance Costs (14,301) -0- -0- (14,301) Total Nonoperating Revenues (Expenses) $ (95,481) $ 31,553 $ 35 $ (63,893) Income Before Operating Transfers $ 6,197,315 $165,497 $(3,850) $ 6,358,962 Operating Transfers In (Out) (2,314,631) (53,235) 4, 108 (2,363,758) NET INCOME: $ 3,882,684 $112,262 $ 258 $ 3,995,204 Retained Earnings/Fund Balances at Beginning of Year 6,612,480 571,476 106 7,184,062 RETAINED EARNINGS/FUND BALANCES AT END OF YEAR: $10.495,164 $683.738 $ 364 $11.179.266 See accompanying notes to financial statements. - 22 - CITY OF COLLEGE STATION COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL PROPRIETARY FUND TYPES AND SIMILAR TRUST FUNDS FOR THE YEAR ENDED JUNE 30, 1982 Exhibit 5 Fiduciary Proprietary Fund Fund Type Type Utility Sanitation Pension Memorandum Fund Fund Trust Totals SOURCES OF WORKING CAPITAL: Operations: Net Income $ 3,882,684 $112,262 $258 $ 3,995,204 Items Not Requiring Working Capital: Depreciation 800,250 127,967 -0- 928,217 Amortization of Deferred Charges 174,595 -0- -0- 174,595 Working Capital Provided by Operations $ 4,857,529 $240,229 $258 $ 5,098,016 Contributions from Local Government 1,311,028 -0- -0- 1,311,028 Issuance of Long-Term Debt 7,220,000 -0- -0- 7,220,000 Total Sources of Working Capital $13,388,557 $240,229 $258 $13,629,044 APPLICATIONS OF WORKING CAPITAL: Acquisition of Property, Plant, and Equipment $ 3,959,455 $ 51,701 $-0- $ 4,011,156 Reduction of Long-Term Debt 1,488,000 -0- -0- 1,488,000 Payment of Bond Issuance Costs 88,603 -0- -0- 88,603 Total Applications of Working Capital $ 5,536,058 $ 51,701 $-0- $ 5,587,759 NET INCREASE IN WORKING CAPITAL: $ 7.852.499 $188.528 $258 $ 8.041.285 ELEMENTS OF NET INCREASE IN WORKING CAPITAL: Cash $ (42,777) (87,707) $258 $ (130,226) Certificates of Deposit 800,000 75,000 -0- 875,000 Accounts Receivable 311, 144 1,782 -0- 312,926 Due from Other Funds (1,271,965) 68,493 -0- (1,203,472) Inventories 316,041 6,470 -0- 322,511 Prepaid Expense 2,984 1,801 -0- 4,785 Restricted Assets 6,886,160 -0- -0- 6,886, 160 Accounts Payable 147,389 1,829 -0- 149,218 Sales Tax Payable 9,232 -0- -0- 9,232 Due to Other Funds 1,227,633 120,860 -0- 1,348,493 Liabilities Payable from Restricted Assets (533,342) -0- -0- ( 533,342) S 7.852.499 $188.528 $258 $ 8.041.285 See accompanying notes to financial statements - 23 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 1 of 15 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: The City of College Station was incorporated in October, 1938. The City operates under a Council-Manager form of government and provides the following services as authorized by its charter: public safety (police and fire) , highways and streets, sanitation, utilities, health and social services, culture-recreation, public improvement, planning and zoning, and general administrative services. The accounting policies of the City of College Station conform to generally accepted accounting principles as applicable to governments. The following is a summary of the more significant policies: A) FUND ACCOUNTING: The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses, as appropriate. 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. The various funds are grouped, in the financial statements in this report, into six generic fund types and three broad fund categories as follows: Governmental Funds General Fund - The General Fund is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessments, expendable trusts, or major capital project) . Debt Service Funds - Debt Service Funds are 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 - 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 Funds Enterprise Funds - Enterprise Funds are used to account for operations 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. - 24 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 2 of 15 Fiduciary Funds Trust and Agency Funds - Trust and Agency Funds are used to account for assets held by the City in a trustee capacity or as an agent for private organizations and for other governments. These include Expendable Trust, Nonexpendable Trust, Pension Trust, and Agency Funds. Nonexpendable Trust and Pension Trust Funds are accounted for in essentially the same manner as proprietary funds since capital maintenance is critical. Expendable Trust Funds are accounted for in essentially the same manner as governmental funds. Agency Funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of opera- tions. B) FIXED ASSETS AND LONG-TERM LIABILITIES: The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All governmental funds and expendable trust funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable re- sources." Governmental fund operating statements present increases (revenues and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the General. Fixed Assets Account Group, rather than in governmental funds. Public domain ("infrastructure") general fixed assets consisting of certain improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, are capitalized along with other general fixed assets. No depreciation has been provided on general fixed assets. All fixed assets are valued at historical costs or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-Term Debt Account Group, not in the governmental funds. The two account groups are not "funds". They are concerned only with the measurement of financial position. They are not involved with measurement of results of operations. - 25 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 3 of 15 Because of their spending measurement focus, expenditures recognition for governmental fund types is limited to exclude amounts represented by non-current liabilities. Since they do not effect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long-Term Debt Account Group. All proprietary funds and nonexpendable trust and pension trust funds are accounted for on a cost of services or "capital maintenance" measurement focus. This means that all assets and all liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Their reported fund equity (net total assets) is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net total assets. • Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their operations. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight line method. The estimated useful lives are as follows: Utility Systems 25 - 40 Years • Building & Improvements 5 - 50 Years Equipment 3 - 10 Years C) BASIS OF ACCOUNTING: Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurement made, regardless of the measurement focus applied. All governmental funds and expendable trust funds are accounted for using the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e. , both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are generally recognized under the modified accrual basis of accounting when the • related fund liability is incurred. Exceptions to this general rule include: (1) accumulated unpaid vacation and sick pay which are not accrued; and (2) principal and interest on general long-term debt which are not recognized when due. - 26 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 4 of 15 In applying the susceptible to accrual concept to intergovernmental revenues, the legal and contractual requirements of the numerous indi- vidual programs are used as guidance. There are, however, essentially two types of these revenues. In one, monies must be expended on the specific purpose or project before any amounts will be paid to the City; therefore, revenues are recognized based upon the expenditures recorded. In the other, monies are virtually unrestricted as to purpose of expen- diture and are usually revocable only for failure to comply with prescribed compliance requirements. These resources are reflected as revenues at the time of receipt or earlier if the susceptible to accrual criteria are met. Property tax revenues are recognized when levied. Abatements and estimated uncollectibles are recorded as deferred revenue'. Licenses and permits, charges for services (except utility and sanitation services) , fines and forfeits, and miscellaneous revenues (except investment earnings) are recorded as revenues when received in cash because they are generally not measurable until actually received. Charges for utility and sanitation services are recorded as revenues when billed, except at year end when unbilled utility service receivables are recorded. Investment earnings are recorded as earned since they are measurable and available. Paving assessments (included in general fund) are recorded as revenues in the year the assessments are levied, even if payments are made in annual installments. Annual installments not yet payable are reflected as paving assessment receivables. The accrual basis of accounting is used by the Proprietary Funds and Non-expendable Trust and Pension Trust Funds. Their revenues are recognized when they are earned, and their expenses are recognized when they are incurred. D) BUDGETS AND BUDGETARY ACCOUNTING: The city follows these procedures in establishing the budgetary data reflected in the financial statements: 1) Prior to June 1, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the follow- ing July 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 to the Mayor and City Council for review together with comparative and supporting data. - 27 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 5 of 15 3) Public hearings are properly advertised and conducted at City Hall for taxpayer comments. 4) Prior to June 28, the budget is legally enacted through passage of an ordinance. 5) The City Manager is authorized to transfer budgeted amounts between departments within any fund; however, any revisions that alter the total expenditures of any fund must be approved by the City Council. An amount is also budgeted each year for contingencies which may arise. The City Manager is authorized to make budget transfers of contingencies if the amount does not exceed $2,000. Transfers in excess of $2,000 require Council approval. 6) Over-expenditures are prohibited by Charter. Appropriations which have not been expended or lawfully encumbered lapse at the end of the budget year. 7) Formal budgetary integration is employed as a management control device during the year for the General Fund, Special Revenue Funds, and Enterprise Funds. Formal Budgetary integration is not employed for Debt Service Funds and Capital Project Funds because effective budgetary conirol is alternatively achieved through general obligation bond indenture provisions and legally binding construction contracts, respectively. 8) Budgets for the General and Special Revenue Funds are adopted on a basis consistent with generally accepted accounting principles (GAAP) . Budgets for Enterprise Funds are utilized • for planning, control and evaluation purposes. They are adopted on basis consistent with GAAP except that bond principal payments and fixed asset acquisitions are treated as expenditures. Budgeted amounts are as originally adopted, or as amended by the City Council prior to June 28, 1982. Individual amendments were not material in relation to the original appropriations which were amended. E) 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 General Fund, Special Revenue Funds and Capital Project Funds. Encumbrances outstanding at year end are reported as reservations of fund balances since they do not constitute expenditures or liabilities. - 28 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 6 of 15 F) INVESTMENTS: Investments in time-deposit certificates are stated at cost. Amounts of cash held in passbook savings accounts at year end are included as part of the cash balance on the financial statements. G) INVENTORY Inventory is valued at cost (first-in, first-out) . Inventory in the General and Enterprise Funds consists of expendable supplies held for consumption. The cost is recorded as an expenditure at the time indi- vidual inventory items are consumed. H) ADVANCE TO OTHER FUNDS Current portions of long-term interfund loans receivable (reported in "Due from" asset accounts) are considered "available spendable resources." I) EMPLOYEE' RETIREMENT PLAN - CURRENT CITY EMPLOYEES All City employees under age 55 who have at least ninety days of service as a permanent, full-time City employee, are eligible for coverage under the Texas Municipal Retirement System. An amount equal to five percent of the employee's base salary is con- tributed to the plan by the participant, and the City contributes an amount equal to ten percent of the employee's base salary. Covered employees do not become vested in program benefits until completing ten years of service. The plan is totally administered by the Texas Municipal Retirement System. It covers numerous municipalities within the state. Although the maximum contribution by the City of College Station is ten percent of the employee's salary, the actual contribution percentage is computed annually utilizing the unit cost method. The contribution made during the fiscal year ended June 30, 1982 was $209,722. According to actuarial valuations supplied by the Texas Municipal League, the following is a statement of assets and liabilities of the City of College Station's employee retirement plan on December 31, 1981: Assets and Unfunded Accrued Liabilities Assets Held by T.M.R.S. For Funding of Accrued Liabilities For: a. Prior Service Benefits $ 126,559 b. Current Service Benefits 1,416,490 Unfunded Accrued Liabilities For: a. Prior Service Benefits 447,799 b. Current Service Benefits 48,627 Total Assets and Unfunded Accrued Liabilities $2,039,475 - 29 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 7 of 15 Liabilities Accrued Liabilities For Prior Service Benefits For: a. Present Members $ 353,239 b. Annuitants 221,119 Accrued Liability For Current Service Benefits 1,465, 117 Total Liabilities $2.039.475 J) EMPLOYEES' RETIREMENT PLAN - FIREMEN'S RELIEF AND RETIREMENT Prior to 1968, the City's firemen were all volunteers and the firemen's facilities were maintained on the Texas A & M University campus. In 1968, a full-time firemen force was hired by the City. The State of Texas requires that all volunteer firemen who served twenty years and reached the age of 55 years be paid a monthly benefit (currently $25 per month) . Also, after their deaths, their beneficiaries are to receive monthly benefits (currently $16.66 per month) . Prior to 1981, the state contributed fifty percent of the required benefits to the City. However, beginning in the fiscal year ending June 30, 1982, the state ceased making such contributions. As a result, the City will now be responsible for one hundred percent of the benefits paid. The City maintains no list of future eligible recipients, but it is estimated that there are less than five of the ex-volunteers who will become eligible in the future. Therefore, the potential liability for future benefit payments to these volunteer firemen is an immaterial amount. Presently, the benefits are funded out of the City's General Fund. The contributions made by the City during the year ended June 30, 1982 equalled $3,900. K) OTHER EMPLOYEE BENEFITS Employees are credited with vacation at rates from ten to fifteen days per year, depending upon length of service. Carry over of unused vacation time from one year to the next is allowed for a maximum of two years. If an employee terminates, he is compensated for any accrued vacation not taken (up to the two year maximum) . 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. The City of College Station offers, as an additional benefit to employees, a major medical and term life insurance plan. The premium of full time employees with at least ninety days of service is paid in full by the City. Employees may add any number of dependents at their own cost. - 30 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 8 of 15 At June 30, 1982 the liability for City employees' unpaid vacation and sick leave was approximately $36,000 and $25,550, respectively, based upon the salary and wage rates in effect at that date. This liability is not included in the financial statements. L) TOTAL COLUMNS ON COMBINED STATEMENT - OVERVIEW Total columns on the Combined Statements - Overview are captioned Memorandum Only to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations, or changes in financial position in conformity with generally accepted accounting principles. Neither are such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data. NOTE 2 - PROPERTY TAX Property taxes attach as an enforceable lien on property as of January 1. Taxes are levied on and payable July 1. The City bills and collects its own property taxes. City property tax revenues are recognized when levied to the extent that they result in current receivables. 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 long-term debt. The combined current tax rate to finance general governmental services and payment of principal and interest on long-term debt for the year ended June 30, 1982 was $.31 per. $100, which means that the City has a tax margin of $2. 19 per $100 and could raise up to $9,483,876 additional a year from the present assessed valuation of $433,053,691 before the limit is reached. NOTE 3 - CHANGES IN GENERAL FIXED ASSETS A summary of changes in general fixed assets follows: Balance Balance July 1, 1981 Additions Deletion June 30, 1982 Land $ 1,888,748 $ 48,643 $ -0- $ 1,937,391 Buildings & Improvements 2,606,813 806,916 -0- 3,413,729 Machinery, Tools, Equipment 1,338,687 396,294 -0- 1,734,981 Motor Vehicles 427,089 372,504 -0- 799,593 Parks & Recreation Equipment 1,461,377 564, 148 -0- 2,025,525 Paving Sidewalks & Streets 4,238,048 501,092 -0- 4,739, 140 Construction in Progress 409,240 197,535 (330,931) 275,844 Total $12,370,002 $2.887, 132 $(330.931) $14,926,203 Construction in progress is composed of work on several parks, work on the new City Hall expansion, and street improvements. Deletions removed from this account during the year were for street and park improvements that were completed during the year. - 31 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 9 of 15 A summary of proprietary fund type property, plant, and equipment at June 30, 1982 follows: Enterprise Fund Utility Sanitation Electric System $ 9,345,252 $ -0- Water System 13,172,360 -0- Sewer System 5,279,923 -0- Automotive Equipment 514,250 247,063 Machinery, Tools, Equipment 356,565 439,222 Computer Equipment 152,882 -0- Land 585,540 39,701 Construction in Progress 751,241 -0- Total $30,158,013 $ 725,986 Less: Accumulated Depreciation (3,919,988) (364,185) Net $26.238,025 $ 361.801 Construction In progress in the proprietary fund types consisted mainly of work progressing on the City's PlePtric system. New reservoirs and transmission lines were also under construction. NOTE 4 - CHANGES IN LONG-TERM DEBT: The following is a summary of general long-term debt transactions of the City of College Station for the year ended June 30, 1982: General Certificates Obligation Revenue Notes Of • Bonds Bonds Payable Obligation Total Long Term Debt Payable July 1, 1981 $11,290,000 $ 9,384,000 $45,072 $ 208,000 $ 20,927,072 Add: Long Term Debt Issued: 1981 1,500,000 3,000,000 -0- 4,500,000 1982 2,705,000 4,220,000 -0- 2,072,443 8,997,443 Less: Debt Retired (805,000) (763,000) (9,743) (41,600) (1,619,343) Long Term Debt Payable June 30, 1982 $14,690,000 $15,841.000 $35,329 $2,238.843 $32.805,172 Long-term debt at June 30, 1982 is comprised of the following individual obligations: General Obligation Bonds: $840,000 1968 City Hall, Fire/Police Headquarters, Street Improvements serial bonds due in annual installments of $30,000 to $50,000 through August 1, 1994 interest at 4.4 to 4.7 percent $ 550,000 - 32 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 10 of 15 $500,000 1971 Street Improvements serial bonds due in annual installments of $25,000 through August 1, 1990; interest at 4.7 to 5.7 percent 225,000 $5,840,000 1976 Street Improvements; Electric, Water Works, & Sewer Systems Improvements; Police, Fire, & Warehouse Buildings; City Hall Expansion; Park Improvements; Civic Center serial bonds due in annual installments of $275,000 to $300,000 through August 15, 1996; interest at 4.0 to 6.0 percent 4,465,000 $3,525,000 1978 Series I - Issue balance of 1976 authori- zation (see above) ; serial bonds due in annual installments of $175,000 to $200,000 through February 1, 1998; interest at 4.8 to 6.0 percent 2,825,000 $3,020,000 1978 Series II - Street Improvements; Police, Fire, Warehouse Buildings; Park Improvements serial bonds due in annual installments of $150,000 to $170,000 through May 15, 1999; interest at 5. 15 to 5.8 percent 2,570,000 $1,500,000 1981 Series - Street Improvements; Construct and Purchase Public Buildings; Park Improvement serial bonds due in annual installments of $150,000 through February 15, 1991; interest at 8.75 to 10.75 percent 1,350,000 $2,705,000 1982 Series - Street Improvements; Construct and Purchase Public Buildings; Park Improvement serial bonds due in annual installments of $230,000 to $275,000 through February 15, 1992 at 9.75 to 11.75 percent 2,705,000 Total General Obligation Bonds $14,690,000 Revenue Bonds: $333,000 1967 Water & Sewer System and Electric Light and Power System Revenue Refunding Bonds; serial bonds due in annual installments of $18,000 to $23,000 through February 1, 1984 at 3.25 to 3.5 percent interest $ 46,000 $600,000 1967 Water and Sewer System and Electric Light and Power System Revenue Bonds; serial bonds due in annual installments of $30,000 through February 1, 1989 at 3.60 to 3.65 percent interest 215,000 $800,000 1971 Utility System Revenue Bonds; serial bonds due in annual installments of $40,000 through February 1, 1991 at 5.0 to 5.9 percent interest 360,000 $500,000 1973 Utility System Revenue Bonds; serial bonds due in annual installments of $25,000 through February 1, 1993 at 5.0 to 5.5 percent interest 275,000 - 33 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 11 of 15 $3,000,000 1976 Utility System Revenue Bonds; seri- al bonds due in annual installments of $150,000 to $200,000 through February 1, 1997 at 4.0 to 6.0 percent interest 2,400,000 $6,145,000 1979 Utility System Revenue Bonds; seri- al bonds due in annual installments of $200,000 to $475,000 through February 1, 1998 at 5.25 to 7.25 5,625,000 $3,000,000 1981 Utility System Revenue Bonds, seri- al bonds due in annual installments of $300,000 through February 1, 1991 at 8.50 to 10.50 percent interest 2,700,000 $4,220,000 1982 Utility System Revenue Bonds, seri- al bonds due in annual installments of $395,000 to $425,000 through February 1, 1992 at 10.00 to 12.00 percent interest 4,220,000 Total Revenue Bonds $15,841,000 Notes Payable: $6,143 note dated March 28, 1978 for purchase of xerox copy machine; Monthly payments of $98 re- quired through May 1, 1983; interest at 5 per- cent $ 1,081 $68,498 note dated April 17, 1978 to Liddie B. Arnold for purchase of park land; Annual pay- ments of $8,562 required through April 17, 1986 at 7 percent interest 34,248 Total Notes Payable $ 35,329 Certificates of Obligation: $208,000 for purchase of sanitary landfill site dated June 8, 1981; annual payments of $41,600 re- quired through June 8, 1986 at 5.97 percent inter- est $ 166,400 $284,063 for a sewage treatment plant dated July 24, 1981; annual payments of $28,406 required through July 24, 1991 at 9.25 percent interest 284,063 $1,297,000 for purchase of site for sewage treat- ment plant dated July 15, 1981; annual installment payments of $173,642 (which include 12 percent in- terest totaling $895,759) required through July 15, 1987 with a balloon payment of $1,289,016 due July 15, 1988 (which includes $138,109 of interest) 1,297,000 $400,000 for College Station Civic Center dated October 23, 1981; annual payments of $40,000 required through October 23, 1991 at 11.00 per- cent interest 400,000 - 34 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 12 of 15 $91,380 for purchasing a motor grader dated November 30, 1981; annual payments of $18,276 required through November 13, 1986 at 9.45 percent interest 91,380 Total Certificates of Obligation $ 2,238,843 TOTAL LONG-TERM DEBT AT JUNE 30, 1982 $32.805.172 Bonds authorized and unissued at June 30, 1982 is comprised of the following individual issues: General Obligation Bonds: $500,000 of 1976 Series for construction of Civic Center $6,590,000 of 1981 Series for street improvements, city hall building, park improvements, and park land acquisition Revenue Bonds: $9,325,000 of 1981 Series Utility System Revenue Bonds The annual requirements to amortize all debt outstanding as of June 30, 1982 including interest payments of $16,281,475 are as follows: Year General Certificates Ending Obligation Revenue Notes Of June 30 Bonds Bonds Payable Obligation Total 1983 $ 2,014,161 $ 2,410,048 $12,337 $ 390,769 $ 4,827,315 1984 1,993,846 2,333,516 10,360 379,532 4,717,254 1985 1,919,268 2,247,483 9,761 368,293 4,544,805 1986 1,841,773 2, 156,926 9, 161 357,055 4,364,915 1987 1,760,323 2,080,606 -0- 304,216 4,145,145 1988 1,683,253 2,005,788 -0- 277,186 3,966,227 1989 1,610, 148 1,902,721 -0- 1,385,532 4,898,401 1990 1,532,240 1,768,976 -0- 89,489 3,390,705 1991 1,454,273 1,664,401 -0- 82,461 3,201,135 1992 1,199,833 1,268,300 -0- 75,434 2,543,567 1993 862,368 763,050 -0- -0- 1,625,418 1994 831,935 731,450 -0- -0- 1,563,385 1995 796,385 699,300 -0- -0- 1,495,685 1996 711,710 691,400 -0- -0- 1,403, 110 1997 682,710 657,000 -0- -0- 1,339,710 1998 378,410 501,600 -0- -0- 880,010 1999 179,860 -0- -0- -0- 179,860 $21.452.496 $23,882,565 $41.619 $3.709.967 $49.086.647 - 35 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 13 of 15 $812,717 is available in the Debt Service Fund to service the General Obligation Bonds, Certificates of Obligation, and notes payable. General obligation bond ordinances require that during the period in which the bonds are outstanding, the City must create and maintain interest and sinking funds to be used for servicing their retirement. Further requirements call for a continuing direct ad valorem tax upon all taxable property, to be levied and collected, sufficient to pay current interest and to create a sinking fund of not less than two percent (2) of the principal amount of outstanding bonds, or of not less than the amount required to pay the principal payable out of said tax, whichever is greater. City Ordinance No. 1026 adopted June 26, 1976 further required that the City Council consider applying net revenues from the Utility Fund to the retirement of that portion of General Obligation Bonded Indebtedness used to finance Utility System Construction before levying a tax for that purpose. During the past fiscal year, Council chose to effectively appropriate earnings for that purpose by adopting a budget for the Utility Fund that included a transfer to the debt service for retirement of General Obligation Bonded Indebtedness. Revenue bond ordinances require creation of Bond Funds (interest and sinking funds) into which the Utility Fund deposits 100 percent of the amount required to meet the interest and principal payments falling due on or before the next maturity date of the bonds. In addition, the Utility Fund is required to pay into the Bond Funds twenty percent (20%) of the above required amount annually until such time as there is in the Bond Funds an amount sufficient to meet the interest and principal payments falling due on or before the next maturity date of the bonds plus the interest and principal payments on the bonds for one year thereafter. As of June 30, 1982, the • revenue bond sinking funds required by these ordinances were underfunded $617,663. NOTE 5 - PREPAID WATER COSTS: On November 8, 1978, the City entered into an agreement with Texas A & M University (TAMU) , whereby the City would construct water system improvements for TAMU. This water system provides the City with an additional water source until its own system can be constructed, beginning January 25, 1979, not to exceed a period of five (5) years. The costs of the system are being repaid by TAMU at a rate of $0.20 (twenty cents) per 1,000 gallons of City water usage. Termination of the agreement provides for absolute title to the system to be conveyed to TAMU by the City. A summary of the unrecovered cost of the water system at June 30, 1982 is as follows: Total Project Costs $1,167,075 Less Accum. Water Usage Credits 716,905 Prepaid Water Costs June 30, 1982 S 450,170 • - 36 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 14 of 15 NOTE 6 - LITIGATION: The City is contingently liable in respect of law suits and other claims in the ordinary course of its operations. The settlement of such contin- gencies under the budgetary process would require appropriation of revenues for liabilities yet to be realized. The City attorney estimates that the potential claims against the City not covered by insurance resulting from such litigation would not materially affect the financial statements of the City. NOTE 7 - CONTINGENT LIABILITIES: The City of College Station participates in a number of federally assisted grant programs, principal of which are the General Revenue Sharing and Community Development Block Grant programs. These programs are subject to program compliance audits by the grantors or their representatives. The audits of these programs for or including the year ended June 30, 1982 have not yet been concluded. Accordingly, the City's compliance with applicable grant requirements will be established at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time although the City of College Station expects such amounts, if any, to be immaterial. NOTE 8 - CAPITAL PROJECT FUND DEFICITS: The deficits of the Capital Project Funds (Community Center - $3,602 and Certificates of Obligation - $212,725) arise because of the application of generally accepted accounting principles to the financial reporting for such funds. Certificate of Obligation proceeds used to finance con- struction in the Certificate of Obligation Fund will be recognized as an "other financing source" when received. The City did not receive these funds until after the close of the fiscal year. Nevertheless, liabilities were incurred and accrued as of June 30, 1982. The Community Center project is financed by operating transfers from the hotel/motel tax special revenue fund. Transfers will be recognized as an other financing source when received, however, liabilities as of June 30 were accrued. The deficits of both funds will be reduced and eliminated as other financing sources are received. NOTE 9 - OTHER REQUIRED INDIVIDUAL FUND DISCLOSURES: Generally accepted accounting principles require disclosures, as a part of the combined statements - overview, of certain information concerning individual funds including: A) Segment information for certain individual Enterprise Funds. The City of College Station maintains two enterprise funds: the Utility Fund to account for revenues and expenses related to the operation and maintenance of the water, sewer, and electric systems of the City; and the Sanitation Fund to account for all sanitation collection and disposal activities provided by the City. Net working - 37 - CITY OF COLLEGE STATION NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 Page 15 of 15 capital for the Utility Fund is $2,919,697 and for the Sanitation Fund is $376,838. Total assets for the Utility Fund is $40,230,317 and for the Sanitation Fund is $743,707. Long-term portion of bonds payable from operating revenues of the Utility Fund are $14,654,714. The Sanitation Fund does not have any long-term liabilities. All other segment information required is effectively met in this report by Exhibits 4 and 5, and Notes 3 and 4. B) Summary disclosures of debt service requirements to maturity for all types of outstanding debt. This requirement is met by Note 4. C) Summary disclosures of changes in general fixed assets by major asset class. This requirement is met by Note 3. • D) Summary disclosures of changes in general long-term debt. This requirement is met by Note 4. E) Excesses of expenditures over appropriations in individual funds. Revenue sharing expenditures of $72,618 exceeded appropriations of $47,587. F) Deficit fund balances or retained earnings balances of individual funds. This requirements is met by Note 8. No funds, other than Capital Project Funds, reflected such balances at June 30, 1982. G) Individual fund interfund receivable and payable balances. Such balances at June 30, 1982 were: Interfund Interfund Receivables Payables General Fund $331,348 $ 73,328 Special Revenue Fund: Hotel/Motel Tax Fund -0- 50,000 Debt Service Fund -0- 55,524 Capital Project Funds: Community Development Fund -0- 43,793 Computer Project Fund -0- 4,907 Cert. of Obligation Fund -0- 212,725 Planning Project 10,871 -0- Capital Acquisitions 82,479 -0- Pro Rata Sewer 65,708 -0- Enterprise Funds: Utility Fund 39,081 201,644 Sanitation Fund 114,748 3,281 Expendable Trust Fund: Cemetery - Perpetual Care 967 -0- $645.202 $645.202 - 38 - FINANCIAL STATEMENTS OF INDIVIDUAL FUNDS GENERAL FUND To account for all financial resources traditionally associated with governments which are not required to be accounted for in another fund. • - 40 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF REVENUES AND TRANSFERS - ESTIMATED AND REALIZED FOR THE YEAR ENDED JUNE 30, 1982 A-1 Page 1 of 2 Variance, Favorable Estimated Realized (Unfavorable) TAXES Current Ad Valorem $ 567,778 $ 577,499 $ 9,721 . Delinquent Ad Valorem 17,500 22,782 5,282 Tax Penalty and Interest 3,500 6,708 3,208 Franchise Taxes 147,000 177,753 30,753 Mixed Drinks Tax 54,000 80,119 26,119 Sales Tax 1,550,000 1,794,603 244,603 Total Taxes $ 2,339,778 $ 2,659,464 $ 319,686 LICENSES: Electricians $ 1,200 $ 2,152 $ 952 Animal 375 380 5 Taxi 60 75 15 Game Machine 2,200 3,576 1,376 Total Licenses $ 3,835 $ 6,183 $ 2,348 PERMITS: Builder $ 80,000 $ 189,003 $ 109,003 Electrical 13,000 39,059 26,059 Plumbing 24,000 49,578 25,578 Mixed Drink -0- 3,459 3,459 Health 4,200 7,906 3,706 Gas and Oil Drilling -0- 1,332 1,332 Child Care -0- 340 340 Garage Sale -0- 171 171 Total Permits $ 121,200 $ 290,848 $ 169,648 SERVICE FEES: Court Cost $ 5,500 $ 5,946 $ 446 Pound 3,500 9,004 5,504 Miscellaneous -0- -0- -0- Total Service Fees $ 9,000 $ 14,950 $ 5,950 FINES: Municipal Court $ 420,000 $ 400,906 $ (19,094) Liability Insurance Fines -0- 2,515 2,515 Total Fines $ 420,000 $ 403,421 $ (16,579) CERTIFICATES: Birth & Death $ 150 $ 166 $ 16 Tax 2,000 2,380 380 Total Certificates $ 2,150 $ 2,546 $ 396 See accompanying notes to financial statements. - 41 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF REVENUES AND TRANSFERS - ESTIMATED AND REALIZED FOR THE YEAR ENDED JUNE 30, 1982 A-1 Page 2 of 2 Variance, Favorable Estimated Realized (Unfavorable) CITY SERVICE PROVIDED: Contributions from County for Fire $ 1,500 $ 3,384 $ 1,884 Ambulance Service 20,000 36, 170 16, 170 Sale of Ordinances 600 2,813 2,213 Art and Cultural Program -0- 1,241 1,241 Adamson Pool Admission 20,000 19,132 (868) Adamson Pool Concessions 1,000 5,509 4,509 Adamson Pool Instruction 14,000 19,025 5,025 Thomas Pool Admission 16,000 24,538 8,538 Thomas Pool Concessions 2,000 3,238 1,238 Thomas Pool Instruction 2,000 1,752 (248) Central Park Revenues 15,000 22,158 7, 158 Adult Sports Program 23,000 23,901 901 Youth Sports Program 4,500 5,958 1,458 Sale of Cemetery Plots 8,000 9, 111 1, 111 Total City Services Provided $ 127,600 $ 177,930 $ 50,330 MISCELLANEOUS: Transfer from Utility Fund - Administrative Costs $ 1,072,287 $ 1,072,287 $ -0- Grant Reimbursements 45,000 37,702 (7,298) Paving Assessments 40,000 64,552 24,552 Earnings on Investments 50,000 274,716 224,716 Sale of City Equipment 204,968 204,968 -0- Use of City Forces -0- 1,053 1,053 Park Fees 6,500 13,668 7,168 Contingency 25,457 -0- (25,457) Other Revenues 10,000 39,542 29,542 Total Miscellaneous $ 1,454,212 $ 1,708,488 $ 254,276 TOTAL REVENUES: $ 4,477,775 $ 5,263,830 $ 786,055 OTHER FINANCING SOURCES: Proceeds from Certificate of Obligation $ -0- $ 91,380 $ 91,380 From Utility Fund 1,647,247 1,647,247 -0- From Revenue Sharing Fund 222,513 222,513 -0- Total Transfers $ 1,869,760 $ 1,961,140 $ 91,380 TOTAL GENERAL FUND REVENUES AND OTHER FINANCING SOURCES: $ 6.347.535 $ 7.224.970 $ 877.435 See accompanying notes to financial statements. - 42 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 1 of 8 Variance, Favorable Budget Actual (Unfavorable) ADMINISTRATION: Administration / City Manager: Salaries & Benefits $ 225,009 $ 220,093 $ 4,916 Supplies 10,233 9,071 1,162 Equipment Maintenance 2,288 1,705 583 Services 117,184 116,388 796 Sundry 5,066 5,046 20 Capital Outlay - Buildings 91 63 28 Capital Outlay - Equipment 16,170 15,956 214 Capital Outlay - Motor Vehicles 10,245 10,245 -0- Total Administration/City Manager $ 386,286 $ 378,567 $ 7,719 Personnel: Salaries & Benefits $ 41,559 $ 39, 120 $ 2,439 Supplies 1,584 1,067 517 Equipment Maintenance 235 8 227 Services 3,556 3,424 132 Sundry 3, 130 3,070 60 Capital Outlay - Equipment 1,185 1,160 25 Total Personnel $ 51,249 $ 47,849 $ 3,400 Civic Center: Salaries & Benefits $ -0- $ 2,727 $ (2,727) Sundry -0- 9,488 (9,488) Total Civic Center $ -0- $ 12,215 $ (12,215) TOTAL ADMINISTRATION: $ 437,535 $ 438,631 $ (1,096) FINANCE: Fiscal Administration: Salaries & Benefits $ 64,809 $ 62,982 $ 1,827 Supplies 10,850 10,807 43 Equipment Maintenance 773 610 163 Services 16,850 16,243 607 Sundry 776 763 13 Capital Outlay - Equipment 50 -0- 50 Total Fiscal Administration $ 94,108 $ 91,405 $ 2,703 Accounting: Salaries & Benefits $ 107,176 $ 105,111 $ 2,065 Supplies 2,999 2,921 78 Equipment Maintenance 256 142 114 Services 63,519 62,006 1,513 Sundry 900 848 52 Capital Outlay - Equipment 1,222 1,221 1 Total Accounting $ 176,072 $ 172,249 $ 3,823 See accompanying notes to financial statements. - 43 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 2 of 8 Variance, Favorable Budget Actual (Unfavorable) Tax & City Secretary: Salaries & Benefits $ 67,668 $ 67,736 $ (68) Supplies 5,450 5,360 90 Equipment Maintenance 488 484 4 Services 36,835 36,698 137 Sundry 13,011 4,454 8,557 Capital Outlay - Equipment 479 479 -0- Total Tax & City Secretary $ 123,931 $ 115,211 $ 8,720 Utilities: Salaries & Benefits $ 231,832 $ 232,164 $ (332) Supplies 37,610 37,585 25 Equipment Maintenance 615 614 1 Services 7,631 7, 110 521 Sundry 3,205 3,255 (50) Capital Outlay - Equipment 1,774 1,772 2 Total Utilities $ 282,667 $ 282,500 $ 167 Purchasing: Salaries & Benefits $ 41,303 $ 41,016 $ 287 Supplies 3,920 3,688 232 Equipment Maintenance 1,050 819 231 Services 5,875 5,650 225 Sundry 1,170 591 579 Capital Outlay - Buildings 175 175 100 Capital Outlay - Equipment 275 175 -0- Total Purchasing $ 53,768 $ 52,114 $ 1,654 Warehouse: Salaries & Benefits $ 19,659 $ 19,589 $ 70 Supplies 1,660 706 954 Equipment Maintenance 330 44 286 Services 1,010 808 202 Sundry 340 344 (4) Capital Outlay - Building -0- -0- -0- Capital Outlay - Equipment 47,950 47,532 418 Total Warehouse $ 70,949 $ 69,023 $ 1,926 Data Processing: Salaries & Benefits $ 52,368 $ 52,372 $ (4) Supplies 7,279 7,278 1 Equipment Maintenance 28,173 28,171 2 Services 5,431 5,337 94 Sundry 130 128 2 Capital Outlay - Equipment 30,000 30,000 -0- Total Data Processing $ 123,381 $ 123,286 $ 95 See accompanying notes to financial statements. - 44 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 3 of 8 Variance, Favorable Budget Actual (Unfavorable) Meter Services: Salaries & Benefits $ 107,469 $ 107,562 $ (93) Supplies 8, 165 8, 161 4 Equipment Maintenance 875 871 4 Sundry 830 840 (10) Capital Outlay - Equipment 475 442 33 Capital Outlay - Motor Vehicles -0- -0- -0- Total Meter Services $ 117,814 $ 117,876 $ (62) TOTAL FINANCE: $ 1,042,690 $ 1,023,664 $ 19,026 PUBLIC SERVICE: Administration: Salaries & Benefits $ 56,435 $ 56,193 $ 242 Supplies 3,105 3,003 102 Equipment Maintenance 852 649 203 Services 4,240 4, 112 128 Sundry 500 467 33 Capital Outlay - Motor Vehicles -0- -0- -0- Total Administration $ 65,132 $ 64,424 $ 708 Streets: Salaries & Benefits $ 262,743 $ 175,409 $ 87,334 Supplies 44,450 40,214 4,236 Building Maintenance 41,500 38,400 3,100 Equipment Maintenance 28,300 20,879 7,421 Services 1,500 218 1,282 Sundry 5,700 5,765 (65) Capital Outlay - Equipment 111,380 106,713 4,667 Capital Outlay - Motor Vehicles 18,500 18,160 340 Total Streets $ 514,073 $ 405,758 $ 108,315 Building Inspection: Salaries & Benefits $ 169,440 $ 153,938 $ 15,502 Supplies 12,654 12,303 351 Building Maintenance 7,513 5,144 2,369 Equipment Maintenance 6,667 5,181 1,486 Services 11,512 5,901 5,611 Sundry 1,875 1,809 66 Capital Outlay - Buildings -0- -0- -0- Capital Outlay - Equipment 375 374 1 Total Building Inspection $ 210,036 $ 184,650 $ 25,386 See accompanying notes to financial statements. - 45 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 4 of 8 Variance, Favorable Budget Actual (Unfavorable) Garage: Salaries & Benefits $ 128,399 $ 113,016 $ 15,383 Supplies 34,900 34,726 174 Building Maintenance 1,000 396 604 Equipment Maintenance 2,050 1,257 793 Services 3,295 3,294 1 Sundry 1,154 1, 167 (13) Capital Outlay - Building -0- -0- -0- Capital Outlay - Equipment 5,000 4,408 592 Capital Outlay - Motor Vehicles -0- -0- -0- Total Garage $ 175,798 $ 158,264 $ 17,534 Cemetery / Ground Maintenance: Salaries & Benefits $ 32,463 $ 27,191 $ 5,272 Supplies 5,591 3, 169 2,422 Building Maintenance 1,530 -0- 1,530 Equipment Maintenance 712 593 119 Services -0- -0- -0- Sundry 427 425 2 Capital Outlay - Equipment 525 -0- 525 Total Cemetery / Ground Maintenance $ 41,248 $ 31,378 $ 9,870 TOTAL PUBLIC SERVICE: $ 1,006,287 $ 844,474 $ 161,813 POLICE: Police Administration: Salaries & Benefits $ 114,006 $ 114,097 $ (91) Supplies 5,469 5, 165 304 Building Maintenance 247 31 216 Equipment Maintenance 3,014 2,861 153 Services 1,954 1,457 497 Sundry 2,996 2,981 15 Capital Outlay - Building -0- -0- -0- Capital Outlay - Equipment 2,779 2,721 58 Capital Outlay - Motor Vehicles -0- -0- -0- Total Police Administration $ 130,465 $ 129,313 $ 1,152 Uniformed Bureau: Salaries & Benefits $ 646,095 $ 646,600 $ (505) Supplies 78,469 78,465 4 Equipment Maintenance 19,685 19,606 79 Services 5,013 4,983 30 Sundry 9,777 9,783 (6) Capital Outlay Equipment 10,518 9,313 1,205 Capital Outlay - Motor Vehicles 106,675 107,849 (1 ,174) Total Uniformed Bureau $ 876,232 $ 876,599 $ (367) See accompanying notes to financial statements. - 46 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 5 of 8 Variance, Favorable Budget Actual (Unfavorable) Investigation: Salaries & Benefits $ 206,365 $ 206,437 $ (72) Supplies 11,911 11,869 42 Equipment Maintenance 3, 148 2,838 310 Services 2,765 2,750 15 Sundry 2,900 2,823 77 Capital Outlay - Equipment 5,386 5,316 70 Capital Outlay - Motor Vehicles 8,000 8,000 -0- Total Investigation $ 240,475 $ 240,033 $ 442 Special Services Bureau: Salaries & Benefits $ 211,125 $ 211,388 $ (263) Supplies 15,275 14,382 893 Building Maintenance 3,000 1,486 1,514 Equipment Maintenance 4,760 2,779 1,981 Services 49,160 49,049 111 Sundry 3,000 2,327 673 Capital Outlay - Buildings -0- -0- -0- Capital Outlay - Equipment 27,270 27,263 7 Total Special Services Bureau $ 313,590 $ 308,674 $ 4,916 Municipal Court: Salaries & Benefits $ 79,423 $ 77,878 $ 1,545 Supplies 8,150 6,174 1,976 Equipment Maintenance 282 10 272 Services 15,180 12,730 2,450 Sundry 426 425 1 Capital Outlay - Equipment 675 -0- 675 Total Municipal Court $ 104,136 $ 97,217 $ 6,919 TOTAL POLICE: $ 1,664,898 $ 1,651,836 $ 13,062 FIRE: Fire Administration: Salaries & Benefits $ 85,231 $ 84,359 $ 872 Supplies 4,300 3,084 1,216 Equipment Maintenance 1,300 810 490 Services 16,609 15,959 650 Sundry 1,883 1,887 (4) Capital Outlay - Equipment 2,095 1,773 322 Capital Outlay - Motor Vehicles -0- -0- -0- Total Fire Administration $ 111,418 $ 107,872 $ 3,546 See accompanying notes to financial statements. - 47 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 6 of 8 Variance, Favorable Budget Actual (Unfavorable) Fire Operations: Salaries & Benefits $ 1,120,893 $ 1,026,145 $ 94,748 Supplies 27,714 26,422 1,292 Building Maintenance 6,200 4,510 1,690 Equipment Maintenance 21,075 18,394 2,681 Services 33,068 21,344 11,724 Sundry 12,966 13, 146 (180) Capital Outlay - Equipment 19,033 18,121 912 Total Fire Operations $ 1,240,949 $ 1,128,082 $ 112,867 Fire Prevention: Salaries & Benefits $ 75,024 $ 74,186 $ 838 Supplies 6,570 5,713 857 Equipment Maintenance 2,825 1,755 1,070 Services 1 ,625 1,346 279 Sundry 736 642 94 Capital Outlay - Equipment 550 395 155 Capital Outlay - Motor Vehicles 7,850 8,000 (150) Total Fire Prevention $ 95, 180 $ 92,037 $ 3, 143 Ambulance: Salaries & Benefits $ 26,391 $ 26,267 $ 124 Supplies 7, 135 6,663 472. Equipment Maintenance 5,823 4,815 1,008 Services 1,591 1,363 228 Sundry 11,087 11,243 (156) Capital Outlay - Equipment 10,385 10,381 4 Total Ambulance $ 62,412 $ 60,732 $ 1,680 TOTAL FIRE: $ 1,509,959 $ 1,388,723 $ 121,236 ENGINEERING: Engineering Administration: Salaries & Benefits $ 57,585 $ 55,399 $ 2, 186 Supplies 3,975 2,936 1,039 Equipment Maintenance 1, 150 412 738 Services 10,717 9,080 1,637 Sundry 2,010 1,764 246 Total Engineering Administration $ 75,437 $ 69,591 $ 5,846 See accompanying notes to financial statements. - 48 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 7 of 8 Variance, Favorable Budget Actual (Unfavorable) Engineering: Salaries & Benefits $ 163,889 $ 159,868 $ 4,021 Supplies 35,850 37,710 (1,860) Equipment Maintenance 2,000 1,969 . 31 Services 17, 144 15,494 1,650 Sundry 1,200 1,194 6 Capital Outlay - Equipment 5,750 5,669 81 Capital Outlay - Motor Vehicles 7,600 7,525 75 Total Engineering $ 233,433 $ 229,429 $ 4,004 Planning: Salaries & Benefits $ 160,762 $ 129,670 $ 31,092 Supplies 8, 118 8,082 36 Equipment Maintenance 1, 156 861 295 Services 205,206 212,368 (7, 162) Sundry 2,431 2,350 81 Capital Outlay - Equipment 910 803 107 Total Planning $ 378,583 $ 354,134 $ 24,449 TOTAL ENGINEERING: $ 687,453 $ 653, 154 $ 34,299 PARKS: Parks Administration: Salaries & Benefits $ 88, 163 $ 87,867 $ 296 Supplies 6,723 6,678 45 Building Maintenance 850 850 -0- Equipment Maintenance 748 670 78 Services 11,169 10,905 264 Sundry 937 938 (1) Capital Outlay - Equipment 300 300 -0- Total Parks Administration $ 108,890 $ 108,208 $ 682 Recreation: Salaries & Benefits $ 66,577 $ 66,295 $ 282 Supplies 28,270 28,171 99 Building Maintenance 3,300 3,112 188 Services 38,579 38,378 201 Sundry 362 364 (2) Capital Outlay - Equipment 7,850 7,839 11 Total Recreation $ 144,938 $ 144,159 $ 779 See accompanying notes to financial statements. - 49 - CITY OF COLLEGE STATION GENERAL FUND STATEMENT OF EXPENDITURES COMPARED WITH APPROPRIATIONS FOR THE YEAR ENDED JUNE 30, 1982 A-2 Page 8 of 8 Variance, Favorable Budget Actual (Unfavorable) Aquatics: Salaries & Benefits $ 147,968 $ 148,013 $ (45) Supplies 23,585 23,043 542 Building Maintenance 9,018 8,915 103 Equipment Maintenance 6,530 6,392 138 Services 33,084 32,857 227 Sundry 1,702 2,098 (396) Capital Outlay - Equipment 9,051 7,978 1,073 Total Aquatics $ 230,938 $ 229,296 $ 1,642 Parks Maintenance: Salaries & Benefits $ 169,582 $ 165,639 $ 3,943 Supplies 22,640 19,352 3,288 Building Maintenance 16,700 16,377 323 Equipment Maintenance 11,375 11,254 121 Services 16,995 13,182 3,813 Sundry 1,000 1,012 (12) Capital Outlay - Equipment 24,884 24,731 153 Total Parks Maintenance $ 263,176 $ 251,547 $ 11,629 Forestry: Salaries & Benefits $ 39,680 $ 35,081 $ 4,599 Supplies 4,016 3,371 645 Building Maintenance 400 315 85 • Equipment Maintenance 1,400 949 151 Services 895 588 307 Sundry 405 407 (2) Capital Outlay - Equipment 5,802 5,559 243 Total Forestry $ 52,598 $ 46,270 $ 6,328 TOTAL PARKS: $ 800,540 $ 779,480 $ 21,060 NON-DEPARTMENTAL: Miscellaneous $ -0- $ 15,856 $ (15,856) Contribution to Bond Funds 120,280 120,280 -0- Contributions to Firemen's Fund -0- 4,108 (4,108) TOTAL NON-DEPARTMENTAL: $ 120,280 $ 140,244 $ (19,964) TOTAL GENERAL FUND EXPENDITURES: $ 7,269,642 $ 6.920.206 $ 349.436 See accompanying notes to financial statements. - 50 - SPECIAL REVENUE FUNDS Revenue Sharing - To account for the receipts and expenditure of funds received by the City of College Station under the Federal Revenue Sharing Program. Hotel/Motel Tax - To account for the receipt and expenditure of funds received by the City of College Station from the assessment of hotel and motel occupan- cy tax. Usage of funds is restricted to construction and maintenance of convention and civic facilities, and promotion of tourism and arts within the City of College Station. -51- CITY OF COLLEGE STATION ALL SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET JUNE 30, 1982 B-1 Hotel/ Totals Revenue Motel June 30, Sharing Tax 1982 ASSETS Cash $ 6,739 $ 12,024 $ 18,763 Certificates of Deposit 60,000 325,000 385,000 Accrued Interest Receivable 224 2,898 3,122 Due From Federal Government 79,589 -0- 79,589 TOTAL ASSETS: $146.552 $339.922 $486.474 LIABILITIES AND FUND BALANCE LIABILITIES: Accounts Payable $ -0- $ 77,986 $ 77,986 Due to Other Funds -0- 50,000 50,000 Total Liabilities $ -0- $127,986 $127,986 FUND BALANCE: Reserved for Encumbrances $ -0- $ -0- $ -0- Unreserved - Undesignated 146,552 211,936 358,488 Total Fund Balance $146,552 $211,936 $358,488 LIABILITIES AND FUND BALANCE: $146.552 $339.922 $486,474 See accompanying notes to financial statements. - 52 - CITY OF COLLEGE STATION ALL SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED JUNE 30, 1982 B-2 Hotel/ Totals Revenue Motel June 30, Sharing Tax 1982 REVENUES: Intergovernmental- Federal Grants $ 306,611 $ -0- $ 306,611 Revenues - Hotel/Motel Occupancy Tax -0- 312,073 312,073 Miscellaneous - Interest Earnings on Investments 10,709 62,909 73,618 - Sale of Asset 3,000 -0- 3,000 - Rental Fees -0- 456 456 Total Revenues $ 320,320 $ 375,438 $ 695,758 EXPENDITURES: Contribution To: Mental Health and Retardation $ 15,000 $ -0- $ 15,000 Bryan Public Library 25,000 -0- 25,000 Fireworks Display -0- 1,691 1,691 Summer Library 787 -0- 787 Retired Senior Volunteer Program 1,800 -0- 1,800 Animal Shelter 30,000 -0- 30,000 Chamber of Commerce -0- 30,950 30,950 Brazos County Arts Council -0- 27,500 27,500 Hospitality Information Center -0- 27,500 27,500 Bluegrass Festival -0- 748 748 College Station Industrial Foundation -0- 50,000 50,000 Spring Arts Festival -0- 1,704 1,704 Police Tournament -0- 400 400 A & M Honors Club -0- 8,508 8,508 Magna Carta -0- 2,000 2,000 Brazos Valley Swimmers -0- 600 600 Portable Stage -0- 2,117 2,117 Miscellaneous Expenditures 31 -0- 31 Total Expenditures $ 72,618 $ 153,718 $ 226,336 Excess (Deficiency) of Revenues Over Expenditures $ 247,702 $ 221,720 $ 469,422 OTHER FINANCING SOURCES (USES) : Proceeds from Certificates of Obligation -0- 400,000 400,000 Operating Transfers Out (222,513) (736,670) (959, 183) Excess (Deficiency) of Revenues Over Expenditures $ 25,189 $(114,950) $ (89,761) Fund Balance at Beginning of Year 121,363 326,886 448,249 FUND BALANCE AT END OF YEAR: $ 146.552 $ 211.936 $ 358.488 See accompanying notes to financial statements. - 53 - CITY OF COLLEGE STATION REVENUE SHARING FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET (GAAP BASIS) AND ACTUAL B-3 FOR THE YEAR ENDED JUNE 30, 1982 Variance Favorable Budget Actual (Unfavorable) REVENUES: Intergovernmental - Federal Grants $265,100 $ 306,611 $ 41,511 Miscellaneous - Interest Earnings on Investments -0- 10,709 10,709 Sale of Assets -0- 3,000 3,000 Total Revenues $265,100 $ 320,320 $ 55,220 EXPENDITURES: Contribution to Mental Health and Retardation $ 15,000 $ 15,000 $ -0- Contribution to Bryan Public Library 25,000 25,000 -0- Contribution to Summer Library 787 787 -0- Contribution to Retired Senior Volunteer Program 1,800 1,800 -0- Contribution to Animal Shelter 5,000 30,000 (25,000) Miscellaneous -0- 31 (31) Total Expenditures $ 47,587 $ 72,618 $(25,031) Excess (Deficiency) of Revenue Over Expenditures $217,513 $ 247,702 $ 30,189 OTHER FINANCING SOURCES (USES) : Operating Transfers Out (222,513) (222,513) -0- Excess (Deficiency) of Revenues Over Expenditures and Other Uses $ (5,000) $ 25, 189 $ 30,189 Fund Balance at Beginning of Year 121,363 121,363 -0- FUND BALANCE AT END OF YEAR: $116,363 $ 146,552 $ 30, 189 See accompanying notes to financial statements. - 54 - CITY OF COLLEGE STATION HOTEL/MOTEL TAX FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET (GAAP BASIS) AND ACTUAL FOR THE YEAR ENDED JUNE 30, 1982 B-4 Variance, Favorable Budget Actual (Unfavorable) REVENUES: Hotel/Motel Tax $ 255,000 $ 312,073 $ 57,073 Miscellaneous - Interest Earnings on Investments -0- 62,909 62,909 Rental Fees -0- 456 456 Total Revenues $ 255,000 $ 375,438 $120,438 EXPENDITURES: Contribution to Chamber of Commerce $ 30,950 $ 30,950 $ -0- Contribution to Brazos County Art Council 27,500 27,500 -0- Contribution to Hospitality Informa- tion 27,500 27,500 -0- Contribution to Bluegrass Festival 900 748 152 Contribution to College Station Industrial Foundation 50,000 50,000 -0- Contribution to Spring Arts Festival 1,500 1,704 (204) Contribution to Police Tournament 400 400 -0- Contribution to A & M Honors Club 10,000 8,508 1,492 Contribution to Magna Carta 2,000 2,000 -0- Contribution to Fireworks Display 1,930 1,691 239 Contribution to Brazos Valley Swimmers 600 600 -0- Contribution for Portable Stage 2,900 2,117 783 Miscellaneous Expenditures 1,000 -0- 1,000 Total Expenditures $ 157,180 $ 153,718 $ 3,462 Excess (Deficiency) of Revenues Over Expenditures $ 97,820 $ 221,720 $123,900 OTHER FINANCING SOURCES (USES) : Proceeds from Certificates of Obligation 400,000 400,000 -0- Operating Transfers Out (725,044) (736,670) (11,626) Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses $(227,224) $(114,950) $112,274 Fund Balance at Beginning of Year 326,886 326,886 -0- FUND BALANCE AT END OF YEAR $ 99,662 $ 211.936 $112.274 See accompanying notes to financial statements. - 55 - DEBT SERVICE FUND To account for the receipt and disbursement of funds utilized for the retirement of the general obligation debt of the City, including General Obligation Bonds, Certificates of Obligation, and Notes Payable. - 56 - CITY OF COLLEGE STATION DEBT SERVICE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED JUNE 30, 1982 C-1 REVENUES: Current Taxes $ 659,116 Delinquent Taxes 28,038 Penalty and Interest on Delinquent Taxes 6,703 Miscellaneous - Interest Earned on Investments 137,070 Total Revenues $ 830,927 EXPENDITURES: Redemption of Tax Obligation Bonds $805,000 Interest on Tax Obligation Bonds 700,163 $1,505, 163 Retirement of Certificates of Obligation $ 41,600 Interest on Certificates of Obligation 11,635 53,235 Retirement of Notes Payable $ 9,743 Interest on Notes Payable 3,322 13,065 Paying Agents Fees 367 Total Expenditures $1,571,830 Excess (Deficiency) of Revenues Over Expenditures $ (740,903) OTHER FINANCING SOURCES: Operating Transfers In 784,062 Excess (Deficiency) of Revenues And Other Sources Over Expenditures $ 43,159 Fund Balance at Beginning of Year 769,558 FUND BALANCE AT END OF YEAR $ 812.717 See accompanying notes to financial statements. - 57 - (This page intentionally left blank) - 58 - CAPITAL PROJECT FUNDS Planning Project - to account for various engineering and mapping projects being conducted by the City which were still in process at year end. Capital Acquisition - to account for capital items ordered by various divisions but not received by year end. These capital acquisitions are being funded by the general fund and various capital project funds. Pro Rata Sewer - to account for the pro ratd portion of the costs of constructing sewer lines in new additions or developments which is to be reimbursed by the independent developers. Community Center Fund - to account for the costs of constructing a community center building which is estimated to cost $735,000. Special revenue funds from col- lection of hotel/motel tax will provide the financing. Community Development Fund - to account for funds granted to the City of College Station by the National Department of Housing and Urban Development for use on various community improvement projects. Computer Project Fund - to account for the costs of constructing a computer system. General fund revenues provided the financing. Certificate of Obligation Funds - to account for the costs of constructing a 1500 GPM Pumper Truck and Rescue Vehicles. (Interim financing was provided by general fund.) The estimated costs are $140,052 for the pumper truck and $72,673 for the rescue vehicle. Southwest Parkway - to account for the costs of street improvements made to South- west Parkway. Interim financing was provided by the Utility Fund, however, perma- nent financing was provided by general obligation bond proceeds received in July, 1981. 1971 Bonds Funds - to account for the cost of various street improvements to be made with funds provided by proceeds of the 1971 issue of general obligation bonds. 1976 Bond Funds - to account for the cost of street improvements, city hall building expansion, and construction of utility fixed assets to be made with funds provided by proceeds of the 1976 issue. 1978 Bond Funds - to account for the cost of street and park improvements, and construction of utility fixed assets to be made with proceeds of the 1978 issue. 1978 Series II Bond Funds - to account for the cost of street improvements; park improvements; and construction of police, fire, and warehouse buildings to be made with funds provided by proceeds of the 1978 Series II issue of general obligation bonds. 1981 Bond Funds - to account for the cost of street improvements, building con- struction, park improvements, and acquisition of park land to be made with funds provided by proceeds of the 1981 Series of general obligation bonds. 1982 Bond Funds - to account for the cost of street improvements, building purchase and construction, park improvements, and acquisition of park land to be made with funds provided by proceeds of the 1982 Series of general obligation bonds. - 59 - CITY OF COLLEGE STATION ALL CAPITAL PROJECT FUNDS COMBINING BALANCE SHEET JUNE 30, 1982 D - 1 Page 1 of 2 Community Community ASSETS Center Development Cash $ -0- $60,625 Certificates of Deposit -0- -0- Accrued Interest Receivable -0- -0- Due from Other Funds -0- -0- Due from Restricted Funds -0- -0- Due from Other Governments -0- 14,743 TOTAL ASSETS: $ -0- $75.368 LIABILITIES AND FUND BALANCES LIABILITIES: Accounts Payable $ -0- $ 23 Contracts Payable -0- 9,111 Retainage Payable - Contractors -0- 3,203 Due to Other Funds -0- 43,917 Due to Restricted Funds -0- -0- Total Liabilities $ -0- $56,254 FUND BALANCE: Reserved for Encumbrances $ -0- $19,114 Reserved for General Fixed Assets: Street Improvements -0- -0- Park -0- -0- Police Station, Fire Station, Warehouse -0- -0- • City Hall Expansion -0- -0- Parks Project - 1981 -0- -0- Street Project - 1981 -0- -0- Traffic Signalization -0- -0- Wellborn Road Project -0- -0- City Hall/Warehouse - 1981 -0- -0- Reserved for Utility Fixed Assets: Water System Improvements -0- -0- Sewer System Improvements -0- -0- Electrical System -0- -0- Unreserved - Undesignated -0- -0- Total Fund Balance $ -0- $19,114 TOTAL LIABILITIES AND FUND BALANCE: $ -0- $75,368 See accompanying notes to financial statements. • - 60 - Certificate Memo Totals Totals Computer Of Obligation Southwest Planning Capital See June 30, Project Funds Parkway Project Acquisition Next Page 1982 $ 2,305 $ -0- $ -0- $ -0- $ -0- $ 506,974 $ 569,904 -0- -0- -0- -0- -0- 3,839,000 3,839,000 -0- -0- -0- -0- -0- 62,357 62,357 -0- -0- -0- 10,871 82,479 65,708 159,058 -0- -0- -0- -0- -0- 1, 153,986 1,153,986 -0- -0- -0- -0- -0- 35,338 50,081 $ 2.305 $ -0- $ -0- $10.871 $82.479 $5.663.363 $5.834.386 $ 1,000 $ -0- $ -0- $ -0- $ -0- $ 281,360 $ 282,383 -0- -0- -0- -0- -0- -0- 9,111 -0- -0- -0- -0- -0- 82,738 85,941 4,907 212,725 -0- -0- -0- 463,754 725,303 -0- -0- -0- -0- -0- 412,864 412,864 $ 5,907 $ 212,725 $ -0- $ -0- $ -0- $1,240,716 $1,515,602 $ -0- $ -0- $ -0- $ -0- $82,479 $ -0- $ 101,593 -0- -0- -0- -0- -0- 129,024 129,024 -0- -0- -0- -0- -0- 292,268 292,268 -0- -0- -0- -0- -0- 410,000 410,000 -0- -0- -0- -0- -0- (28,455) (28,455) -0- -0- -0- -0- -0- 479,222 479,222 -0- -0- -0- -0- -0- 1,302,868 1,302,868 -0- -0- -0- -0- -0- 70,068 70,068 -0- -0- -0- -0- -0- 42,049 42,049 -0- -0- -0- -0- -0- 763,732 763,732 -0- -0- -0- -0- -0- (49,472) (49,472) -0- -0- -0- -0- -0- (12,471) (12,471) -0- -0- -0- -0- -0- 384,465 384,465 (3,602) (212,725) -0- 10,871 -0- 639,349 433,893 $(3,602) $(212,725) $ -0- $10,871 $82,479 $4,422,647 $4,318,784 S 2.305 $ -0- $ -0- $10.871 $82.479 $5.663.363 $5.834.386 - 61 - CITY OF COLLEGE STATION ALL CAPITAL PROJECT FUNDS COMBINING BALANCE SHEET JUNE 30, 1982 D - 1 (CONTINUED) Page 2 of 2 Pro Rata 1971 ASSETS Sewer Bond Funds Cash $ -0- $196,453 Certificates of Deposit -0- -0- Accrued Interest Receivable -0- -0- Due from Other Funds 65,708 -0- • Due from Restricted Funds -0- -0- Due from Other Governments -0- -0- TOTAL ASSETS: $ 65,708 $196.453 LIABILITIES AND FUND BALANCES LIABILITIES: Accounts Payable $ =0= $ 9,740 Contracts Payable -0- -0- Retainage Payable - Contractors -0- 1,352 Due to Other Funds -0- 142,494 Due to Restricted Funds -0- -0- Total Liabilities $ -0- $153,586 FUND BALANCE: Reserved for Encumbrances $ -0- $ -0- Reserved for General Fixed Assets: Street Improvements -0- -0- Park -0- -0- Police Station, Fire Station, Warehouse -0- -0- City Hall Expansion -0- -0- Parks Project - 1981 -0- -0- Street Project - 1981 -0- -0- Traffic Signalization -0- -0- Wellborn Road Project -0- -0- City Hall/Warehouse - 1981 -0- -0- Reserved for Utility Fixed Assets: Water System Improvements -0- -0- Sewer System Improvements -0- -0- Electrical System -0- -0- Unreserved - Undesignated 65,708 42,867 Total Fund Balance $ 65,708 $ 42,867 TOTAL LIABILITIES AND FUND BALANCE: $ 65.708 $196.453 See accompanying notes to financial statements - 62 - 1978 1976 1978 Series II 1981 1982 Bond Bond Bond Bond Bond Memo Totals Funds Funds Funds Funds Funds See Page 61 $ 345 $ 129,679 $ 30,000 $ 91,287 $ 59,210 $ 506,974 -0- -0- 284,000 1,050,000 2,505,000 3,839,000 -0- -0- 1,852 4,399 56, 106 62,357 -0- -0- -0- -0- -0- 65,708 48,426 962,941 142,619 -0- -0- 1, 153,986 -0- -0- 35,338 -0- -0- 35,338 $48.771 $1.092,620 $493.809 $1.145.686 $2,620,316 $5,663.363 $ -0- $ 168,543 $ 280 $ -0- $ 102,797 $ 281,360 -0- -0- -0- -0- -0- -0- -0- 77,505 -0- -0- 3,881 82,738 -0- 318,013 3,097 -0- 150 463,754 -0- 112,864 -0- 300,000 -0- 412,864 $ -0- $ 676,925 $ 3,377 $ 300,000 $ 106,828 $1,240,716 $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- 68,808 (48,012) 108,228 -0- -0- )29,024 -0- 23,810 268,458 -0- -0- 292,268 -0- -0- -0- 77,970 332,030 410,000 (28,455) -0- -0- -0- -0- (28,455) -0- -0- -0- 73,792 405,430 479,222 -0- -0- -0- 241,768 1,061, 100 1,302,868 -0- -0- -0- -0- 70,068 70,068 -0- -0- -0- 42,049 -0- 42,049 -0- -0- -0- 140,045 623,687 763,732 -0- (49,472) -0- -0- -0- (49,472) -0- (12,471) -0- -0- -0- (12,471) -0- 384,465 -0- -0- -0- 384,465 8,418 117,375 113,746 270,062 21, 173 639,349 $48,771 $ 415,695 $490,432 $ 845,686 $2,513,488 $4,422,647 $48.771 $1.092.620 $493.809 $1. 145.686 $2.620.316 $5.663.363 - 63 - CITY OF COLLEGE STATION ALL CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED JUNE 30, 1982 D - 2 Page 1 of 2 Community Community Center Development REVENUES: Intergovernmental $ -0- $295,741 Miscellaneous - Interest -0- -0- Contributions by Participants -0- 30,854 Total Revenues $ -0- $326,595 EXPENDITURES - CAPITAL PROJECTS: General Fixed Assets - Land $ -0- $ -0- Community Center 705,357 -0- Computer -0- -0- Emergency Vehicles -0- -0- Street Improvements -0- 70,966 Park Improvements -0- -0- City Hall and Warehouse -0- -0- Traffic Signalization -0- -0- Utility Fixed Assets - Water System Improvements -0- -0- Sewer System Improvements -0- -0- Electrical System Improvements -0- -0- Federal Housing Rehabilitation -0- 206,326 Administrative & Other Costs 28,009 36,320 Total Expenditures $ 733,366 $313,612 Excess (Deficiency) of Revenues Over Expenditures $(733,366) $ 12,983 OTHER FINANCING SOURCES (USES) : Proceeds of General Obligation Bonds -0- -0- Operating Transfers In 736,670 -0- Operating Transfers Out -0- -0- Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses $ 3,304 $ 12,983 Fund Balances at Beginning of Year (3,304) 6, 131 FUND BALANCES AT END OF YEAR: $ -0- $ 19.114 See accompanying notes to financial statements. - 64 - Certificate Capital Memo Totals Computer Of Obligation Southwest Planning Acqui- See Totals Project Funds Parkway Project sition Next Page June 30, 1982 $ -0- $ -0- $ -0- $ -0- $ -0- $ 179,320 $ 475,061 838 -0- -0- -0- -0- 484,871 485,709 -0- -0- -0- -0- -0- 65,708 96,562 $ 838 $ -0- $ -0- $ -0- $ -0- $ 729,899 $ 1,057,332 $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- -0- -0- -0- -0- -0- -0- 705,357 -0- -0- -0- -0- -0- -0- -0- -0- 152,143 -0- -0- -0- -0- 152,143 -0- -0- -0- -0- -0- 386,098 457,064 -0- -0- -0- -0- -0- 539,776 539,776 -0- -0- -0- -0- -0- 79,268 79,268 -0- -0- -0- -0- -0- 22,433 22,433 -0- -0- -0- -0- -0- 93,899 93,899 -0- -0- -0- -0- -0- 57,520 57,520 -0- -0- -0- -0- -0- 1,224, 193 1,224,193 -0- -0- -0- -0- -0- -0- 206,326 35,467 -0- -0- -0- -0- 57,368 157,164 $ 35,467 $ 152,143 $ -0- $ -0- $ -0- $ 2,460,555 $ 3,695,143 $(34,629) $(152, 143) $ -0- $ -0- $ -0- $(1,730,656) $(2,637,811) -0- -0- 700,000 -0- -0- 3,505,000 4,205,000 30,000 -0- -0- 10,871 82,479 1,347,940 2,207,960 -0- -0- (57,769) -0- -0- (1,327,142) (1,384,911) $ (4,629) $(152, 143) $642,231 $10,871 $82,479 $ 1,795, 142 $ 2,390,238 1,027 (60,582) (642,231) -0- -0- 2,627,505 1,928,546 $ (3.602) $(212.725) $ -0- $10.871 $82.479 $ 4.422,647 $ 4.318.784 - 65 - CITY OF COLLEGE STATION ALL CAPITAL PROJECT FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED JUNE 30, 1982 D - 2 Page 2 of 2 Pro Rata 1971 Bond Sewer Funds REVENUES: Intergovernmental $ -0- $ -0- Miscellaneous - Interest -0- 33,100 Contributions by Participants 65,708 -0- Total Revenues $ 65,708 $ 33,100 EXPENDITURES - CAPITAL PROJECTS: General Fixed Assets - Land $ -0- $ -0- Community Center -0- -0- Computer -0- -0- Emergency Vehicles -0- -0- Street Improvements -0- 71,366 Park Improvements -0- -0- City Hall and Warehouse -0- -0- Traffic Signalization -0- -0- Utility Fixed Assets - Water System Improvements -0- -0- Sewer System Improvements -0- -0- Electrical System Improvements -0- -0- Federal Housing Rehabilitation -0- -0- Administrative & Other Costs -0- -0- Total Expenditures $ -0- $ 71,366 Excess (Deficiency) of Revenues Over Expenditures $ 65,708 $ (38,266) OTHER FINANCING SOURCES (USES) : Proceeds of General Obligation Bonds -0- -0- Operating Transfers In -0- -0- Operating Transfers Out -0- (142,495) Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses $ 65,708 (180,761) Fund Balances at Beginning of Year -0- 223,628 FUND BALANCES AT END OF YEAR: $ 65.708 $ 42.867 See accompanying notes to financial statements. - 66 - 1978 1976 1978 Series II 1981 1982 Bond Bond Bond Bond Bond Memo Totals Funds Funds Funds Funds Funds See Page 65 $ -0- $ -0- $ 143,906 $ 35,414 $ -0- $ 179,320 2,418 13,830 12,922 301,874 120,727 484,871 -0- -0- -0- -0- -0- 65,708 $ 2,418 $ 13,830 $ 156,828 $ 337,288 $ 120,727 $ 729,899 $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- 320 266,186 40,035 8, 191 -0- 386,098 -0- -0- 379,998 18,168 141,610 539,776 -0- -0- -0- 30,625 48,643 79,268 -0- -0- -0- -0- 22,433 22,433 8,961 84,938 -0- -0- -0- 93,899 -0- 57,520 -0- -0- -0- 57,520 -0- 1,224,193 -0- -0- -0- 1,224,193 -0- -0- -0- -0- -0- -0- -0- -0- -0- 21,258 36, 110 57,368 $ 9,281 $ 1,632,837 $ 420,033 $ 78,242 $ 248,796 $ 2,460,555 $ (6,863) $(1,619,007) $(263,205) $ 259,046 $ (128,069) $(1,730,656) -0- -0- -0- 800,000 2,705,000 3,505,000 797,396 350,280 142,495 57,769 -0- 1,347,940 (942,662) (110,219) -0- (68,323) (63,443) (1,327,142) $(152, 129) $(1,378,946) $(120,710) $1,048,492 $2,513,488 $ 1,795,142 200,900 1,794,641 611,142 (202,806) -0- 2,627,505 S 48.771 $ 415.695 $ 490.432 $ 845.686 $2.513.488 $ 4.422.647 - 67 - (This page intentionally left blank) - 68 - ENTERPRISE FUND Utility Fund - to account for revenues and expenses related to the operation and maintenance of the water, sewer and electric systems of the City. All activities necessary to provide such services are accounted for in this fund, including, but not limited to, adminis- tration, operations, maintenance, financing and related debt service, and billing and collection. Sanitation Fund - to account for all sanitation col- lection and disposal activities by the City to both residential and commercial residents, including the operation of the City's sanitary landfill. - 69 - CITY OF COLLEGE STATION ALL ENTERPRISE FUNDS COMBINING BALANCE SHEET JUNE 30, 1982 E-1 Utility Sanitation Totals ASSETS Fund Fund June 30, 1982 CURRENT ASSETS: Cash on Hand and in Banks $ 259,285 $ 44,636 $ 303,921 Certificates of Deposit 800,000 200,000 1,000,000 Accounts Receivable (Net of Allowances for Uncollectible Accounts) 1,063,728 3,503 1,067,231 Accrued Interest Receivable 6,588 -0- 6,588 Due from Other Funds 39,081 114,748 153,829 Due from Restricted Funds 423,013 -0- 423,013 Inventories 778,958 12,220 791,178 Prepaid Expenses 31,832 6,799 38,631 Total Current Assets $ 3,402,485 $381,906 $ 3,784,391 RESTRICTED ASSETS: Cash in Banks $ 740,434 $ -0- $ 74n,434 Certificates of Deposit 7,054,000 -0- 7,054,000 Accrued Interest Receivable 134,495 -0- 134,495 Due from Other Funds 326,049 -0- 326,049 Due from Restricted Funds 1,733,895 -0- 1,733,895 Inventories 2,398 -0- 2,398 Total Restricted Assets $ 9,991,271 $ -0- $ 9,991,271 FIXED ASSETS: (Net of Accumulated Deprec.) $26,238,025 $361,801 $26,599,826 DEFERRED CHARGES: Prepaid Water Costs $ 450,170 $ -0- $ 450,170 Bond Issuance Costs 148,366 -0- 148,366 • Total Deferred Charges $ 598,536 $ -0- $ 598,536 TOTAL ASSETS: $40.230.317 $743.707 $40,974,024 See accompanying notes to financial statements. - 70 - Utility Sanitation Totals LIABILITIES Fund Fund June 30, 1982 CURRENT LIABILITIES: Payable from Current Assets: Accounts Payable $ 36,623 $ 1,787 $ 38,410 Sales Tax Payable 22,568 -0- 22,568 Due to Other Funds 201,644 3,281 204,925 Due to Restricted Funds 221,953 -0- 221,953 Payable from Restricted Assets: Construction Contracts & Retainages Payable 62,452 -0- 62,452 Accrued Revenue Bond Interest Payable 423,359 -0- 423,359 Currently Maturing Portion of Revenue Bonds 1, 193,000 -0- 1, 193,000 Due to Other Funds 105,235 -0- 105,235 Due to Restricted Funds 2,329,301 -0- 2,329,301 Customers' Meter Deposits 1,163,054 -0- 1, 163,054 Total Current Liabilities $ 5,759, 189 $ 5,068 $ 5,764,257 LONG-TERM LIABILITIES: Revenue Bonds Payable - Net of Currently Maturing Portion $14,648,000 $ -0- $14,648,000 Unamortized Premium on Bonds 1,714 -0- 1,714 Total Long-Term Liabilities $14,649,714 $ -0- $14,649,714 TOTAL LIABILITIES: $20,408,903 $ 5,068 $20,413,971 FUND EQUITY Contributed Capital $ 9,326,250 $ 54,901 $ 9,381,151 Retained Earnings: Unreserved 10,495, 164 683,738 11, 178,902 TOTAL FUND EQUITY: $19,821,414 $738,639 $20,560,053 TOTAL LIABILITIES AND FUND EQUITY: $40,230,317 S743,707 S40.974,024 - 71 - CITY OF COLLEGE STATION COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS - ALL ENTERPRISE FUNDS FOR THE YEAR ENDED JUNE 30, 1982 E-2 Utility Sanitation Totals Fund Fund June 30, 1982 OPERATING REVENUES: Charges for Services $16,549,721 $770,366 $17,320,087 OPERATING EXPENSES: Salaries and Benefits $ 950,587 $403,240 $ 1,353,827 Supplies 313,530 24,177 337,707 Building Maintenance 140,401 -0- 140,401 Equipment Maintenance 68,208 68, 108 136,316 Services 6,734,399 6,607 6,741,006 Sundry 25, 100 6,323 31,423 Administrative Transfers 1,072,287 -0- 1,072,287 Depreciation 800,250 127,967 928,217 Bad Debts 152,163 -0- 152,163 Total Operating Expenses $10,256,925 $636,422 $10,893,347 NET OPERATING INCOME: $ 6,292,796 $133,944 $ 6,426,740 NONOPERATING REVENUES (EXPENSES) : Interest Earnings $ 857,926 $ 15,973 $ 873,899 Miscellaneous Fees 2,999 15,580 18,579 Revenue Bond Interest (942,105) -0- (942,105) Amortization of Bond Issuance Costs (14,301) -0- (14,301) Total Nonoperating Revenues (Expenses) $ (95,481) $ 31,553 $ (63,928) Income Before Operating Transfers $ 6, 197,315 $165,497 $ 6,362,812 Operating Transfers In (Out) (2,314,631) (53,235) (2,367,866) NET INCOME: $ 3,882,684 $112,262 $ 3,994,946 Retained Earnings at Beginning of Year 6,612,480 571,476 7,183,956 RETAINED EARNINGS AT END OF YEAR: $10.495. 164 $683.738 $11.178.902 See accompanying notes to financial statements. - 72 - CITY OF COLLEGE STATION COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION - ALL ENTERPRISE FUNDS FOR THE YEAR ENDED JUNE 30, 1982 E-3 Utility Sanitation Totals Fund Fund June 30, 1982 SOURCES OF WORKING CAPITAL: Operations: Net Income $ 3,882,684 $112,262 $ 3,994,946 Items not Requiring Working Capital: Depreciation 800,250 127,967 928,217 Amortization of Deferred Charges 174,595 -0- 174,595 Working Capital Provided by Operations $ 4,857,529 $240,229 $ 5,097,758 Contributions from Local Government 1,311,028 -0- 1,311,028 Issuance of Long-Term Debt 7,220,000 -0- 7,220,000 Total Sources of Working Capital $13,388,557 $240,229 $13,628,786 APPLICATIONS OF WORKING CAPITAL: Acquisition of Property, Plant, and Equipment $ 3,959,455 $ 51,701 $ 4,011,156 Reduction of Long-Term Debt 1,488,000 -0- 1,488,000 Payment of Bond Issuance Costs 88,603 -0- 88,603 Total Applications of Working Capital $ 5,536,058 $ 51,701 $ 5,587,759 NET INCREASE IN WORKING CAPITAL: $ 7.852.499 $188.528 $ 8.041.027 ELEMENTS OF NET INCREASE (DECREASE) IN WORKING CAPITAL: Cash $ (42,777) $(87,707) $ (130,484) Certificates of Deposit 800,000 75,000 875,000 Accounts Receivable 311,144 1,782 312,926 Due From Other Funds (1,271,965) 68,493 (1,203,472) Inventories 316,041 6,470 322,511 Prepaid Expenses 2,984 1,801 4,785 Restricted Assets 6,886,160 -0- 6,886,160 Accounts Payable 147,389 1,829 149,218 Sales Tax Payable 9,232 -0- 9,233 Due to Other Funds 1,227,633 120,860 1,348,492 Liabilities Payable from Restricted Assets (533,342) -0- (533,342) NET INCREASE IN WORKING CAPITAL: $ 7.852.499 $188,528 $ 8.041,027 See accompanying notes to financial statements. - 73 - CITY OF COLLEGE STATION UTILITY FUND BALANCE SHEET JUNE 30, 1982 E-4 ASSETS CURRENT ASSETS: Cash on Hand and in Bank $ 259,285 Certificates of Deposit 800,000 Accounts Receivable (Net of Allowance for Estimated Uncollectibles) : Utility Billings $1,017,597 Miscellaneous 46, 131 Accrued Interest 6,588 1,070,316 Due from Other Funds 39,081 Due from Restricted Funds 423,013 Inventories 778,958 Prepaid Expenses 31,835 Total Current Assets $ 3,402,488 RESTRICTED ASSETS: (Schedule E-8) Cash in Banks $ 740,434 Certificates of Deposit 7,054,000 Accrued Interest Receivable 134,495 Due from Other Funds 326,049 Due from Restricted Assets 1,733,895 Inventories 2,398 Total Restricted Assets $ 9,991,271 FIXED ASSETS: (Schedule E-9) Cost Depreciation Electric System $10,582,789 $1,610,959 $ 8,971,830 Water System 13,841,800 1,305,760 12,536,040 Sewer System 5,580,542 964,825 4,615,717 Computer System 152,882 38,444 114,438 Total Fixed Assets $30_,158,013 $3.919.988 $26,238,025 DEFERRED CHARGES: Prepaid Water Costs $ 450,170 Bond Issuance Costs 148,363 Total Deferred Charges $ 598,533 TOTAL ASSETS: $40.230.317 See accompanying notes to financial statements. - 74 - LIABILITIES CURRENT LIABILITIES: Payable from Current Assets: Accounts Payable $ 36,623 Sales Tax Payable 22,568 Due to Other Funds 201,644 Due to Restricted Funds 221,953 $ 482,788 Payable from Restricted Assets: (Schedule E-8) Construction Contracts and Retainages Payable $ 62,452 Accrued Revenue Bond Interest Payable 423,359 Matured and Currently Maturing Portion of Revenue Bonds (Schedule E-10) 1,193,000 Due to Other Funds 105,235 Due to Restricted Funds 2,329,301 Customers' Meter Deposits 1, 163,054 5,276,401 Total Current Liabilities $ 5,759,189 LONG-TERM LIABILITIES: Revenue Bonds Payable - Net of Currently Maturing Portion (Schedule E-10) $14,648,000 Unamortized Premium on Bonds 1,714 Total Long-Term Liabilities $14,649,714 TOTAL LIABILITIES: $20,408,903 FUND EQUITY Contributed Capital: Customers $ 176,590 Local Government 8,329,313 Federal Government 820,347 $ 9,326,250 Retained Earnings: Unreserved 10,495,164 TOTAL FUND EQUITY: $19,821,414 TOTAL LIABILITIES AND FUND EQUITY: $40.230.317 - 75 - CITY OF COLLEGE STATION UTILITY FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS FOR THE YEAR ENDED JUNE 30, 1982 E-5 OPERATING REVENUES: Charges For Services Electrical $13,270,757 Water 1,877,300 Sewer 1,090,925 Non-Departmental 310,739 Total Operating Revenues $16,549,721 OPERATING EXPENSES: Salaries and Benefits $ 950,587 Supplies 313,530 Building Maintenance 140,401 Equipment Maintenance 68,208 Services 6,734,399 Sundry 25, 100 Administrative Transfers 1,072,287 Depreciation 800,250 Bad Debts 152, 163 Total Operating Expenses $10,256,925 NET OPERATING INCOME: $ 6,292,796 NONOPERATING REVENUES (EXPENSES) : Interest Earnings 857,926 Grants 2,999 Revenue Bond Interest (942,105) Amortization of Bond Issuance Costs (14,301) Total Nonoperating Revenues (Expenses) $ (95,481) Income Before Operating Transfers $ 6, 197,315 Operating Transfers In (Out) (2,314,631) NET INCOME: $ 3,882,684 Retained Earnings at Beginning of Year 6,612,480 RETAINED EARNINGS AT END OF YEAR: $10.495.164 See accompanying notes to financial statements. - 76 - CITY OF COLLEGE STATION UTILITY FUND STATEMENT OF REVENUES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL FOR THE YEAR ENDED JUNE 30, 1982 E-6 Variance Favorable Budget Actual (Unfavorable) OPERATING REVENUES: ELECTRIC: Electric Services $ 12,710,580 $ 13,077,553 $ 366,973 Pole Rental -0- 178,549 178,549 Temporary Service 6,000 14,655 8,655 Total Electric $ 12,716,580 $ 13,270,757 $ 554,177 WATER: Water Services $ 2,035,000 $ 1,727,776 $ (307,224) Water Taps 75,000 149,524 74,524 Total Water $ 2,110,000 $ 1,877,300 $ (232,700) SEWER: Sewer Services $ 1,000,000 $ 1,042,985 $ 42,985 Sewer Taps 30,000 47,940 17,940 Total Sewer $ 1,030,000 $ 1,090,925 $ 60,925 NON-DEPARTMENTAL: Penalties $ 170,000 $ 208,257 $ 38,257 Reconnect Fees 7,500 12,136 4,636 Service Fees 1,000 21,131 20,131 Use of City Forces 10,000 59,350 49,350 Sales Tax Collection Fees 1,700 3,027 1,327 Other Revenues 3,500 6,838 3,338 Total Non-Departmental $ 193,700 $ 310,739 $ 117,039 Total Operating Revenues: $ 16,050,280 $ 16,549,721 $ 499,441 NON-OPERATING REVENUES: Miscellaneous Interest Earnings $ 150,000 $ 857,926 $ 707,926 Grants -0- 2,999 2,999 Total Non-Operating Revenues $ 150,000 $ 860,925 $ 710,925 TOTAL REVENUES: $ 16.200.280 $ 17.410.646 $ 1.210.366 See accompanying notes to financial statements. - 77 - CITY OF COLLEGE STATION UTILITY FUND STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL FOR THE YEAR ENDED JUNE 30, 1982 E-7 Page 1 of 3 Variance Favorable Budget Actual (Unfavorable) ELECTRICAL TRANSMISSION: Supplies $ 300 $ 26 $ 274 Building Maintenance 1,270 1,269 1 Equipment Maintenance 200 -0- 200 Services 6,473,098 5,901,946 571, 152 Sundry 27 27 -0- Total Operating- Electrical Transmission $ 6,474,895 $ 5,903,268 $ 571,627 Capital Outlay 103,516 103,516 -0- Total Electrical Transmission $ 6,578,411 $ 6,006,784 $ 571,627 ELECTRICAL DISTRIBUTION: Salaries and Benefits $ 359,382 $ 368,343 $ (8,961 ) Supplies 240,051 240,133 (82) Building Maintenance 70,000 54, 176 15,824 Equipment Maintenance 23,217 21,615 1,602 Services 15,000 11,342 3,658 Sundry 5,036 4,358 678 Total Operating- Electrical Distribution $ 712,686 $ 699,967 $ 12,719 Capital Outlay 1,119,003 1, 166,866 (47,863) Total Electrical Distribution $ 1,831,689 $ 1,866,833 $ (35,144) WATER PRODUCTION: Salaries and Benefits $ 189,372 $ 156,274 $ 33,098 Supplies 24,360 17,655 6,705 Building Maintenance 6,300 1,791 4,509 Equipment Maintenance 12,058 4,204 7,854 Services 671,642 631,226 40,416 Sundry 3,950 3,364 586 Total Operating- Water Production $ 907,682 $ 814,514 $ 93,168 Capital Outlay 13,975 11,300 2,675 Total Water Production $ 921,657 $ 825,814 $ 95,843 WATER DISTRIBUTION: Salaries and Benefits $ 186,551 $ 132,493 $ 54,058 Supplies 16,650 14,774 1,876 Building Maintenance 93,320 35,527 57,793 Equipment Maintenance 30,753 30,748 5 Services 28,740 48,295 (19,555) Sundry 3,440 2,949 491 Total Operating- Water Distribution $ 359,454 $ 264,786 $ 94,668 Capital Outlay 216,600 89,822 126,778 Total Water Distribution $ 576,054 $ 354,608 $ 221,446 See accompanying notes to financial statements. - 78 - CITY OF COLLEGE STATION UTILITY FUND STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL FOR THE YEAR ENDED JUNE 30, 1982 E-7 Page 2 of 3 Variance Favorable Budget Actual (Unfavorable) SEWER TREATMENT: Salaries and Benefits $ 245,297 $ 159,569 $ 85,728 Supplies 30,052 21,328 8,724 Building Maintenance 45,700 35,474 10,226 Equipment Maintenance 7,360 4,999 2,361 Services 144,230 137,076 7,154 Sundry 12,080 10,409 1,671 Total Operating - Sewer Treatment $ 484,719 $ 368,855 $ 115,864 Capital Outlay 29,270 26, 120 3, 150 Total Sewer Treatment $ 513,989 $ 394,975 $ 119,014 SEWER COLLECTION: Salaries and Benefits $ 175,692 $ 133,908 $ 41,784 Supplies 22,608 19,614 2,994 Building Maintenance 98,575 12,164 86,411 Equipment Maintenance 9,700 6,642 3,058 Services 5,060 4,514 546 Sundry 1,650 1,337 313 Total Operating - Sewer Collection $ 313,285 $ 178, 179 $ 135,106 Capital Outlay 53,444 47,594 5,850 Total Sewer Collection $ 366,729 $ 225,773 $ 140,956 NON-DEPARTMENTAL: Administrative Transfers to General Fund $ 1,027,287 $ 1,072,287 $ (45,000) Sundry -0- 2,656 (2,656) Total Operating - Non-Departmental $ 1,027,287 $ 1,074,943 $ (47,656) Non-Operating and Contributions Transfers to Debt Service Fund 667,384 667,384 -0- Revenue Bond Principal 763,000 763,000 -0- Revenue Bond Interest 750,845 942, 105 (191,260) Transfers to General Fund 1,647,247 1,647,247 -0- Transfers to WWTP Building Fund 123,100 123,100 -0- Contingency 321,725 -0- 321,725 Total Non-Departmental $ 5,300,588 $ 5,217,779 $ 82,809 TOTAL UTILITY BUDGETARY AND ACTUAL EXPENDITURES: $ 16.089, 117 $ 14,892,566 $ 1,196,551 See accompanying notes to financial statements. - 79 - CITY OF COLLEGE STATION UTILITY FUND STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL FOR THE YEAR ENDED JUNE 30, 1982 E-7 Page 3 of 3 Variance Favorable Budget Actual (Unfavorable) RECAP OF EXPENDITURES: Salaries and Benefits $ 1,156,294 $ 950,587 $ 205,707 Supplies 334,021 313,530 20,491 Building Maintenance 315, 165 140,401 174,764 Equipment Maintenance 83,288 68,208 15,080 Services 7,337,770 6,734,399 603,371 Sundry 26, 183 25, 100 1,083 Administrative Transfers 1,027,287 1,072,287 (45,000) Total Operating - Utility $ 10,280,008 $ 9,304,512 $ 975,496 Capital Outlay 1,535,808 1,445,218 90,590 Non-Operating and Contributions 4,273,301 4,142,836 130,465 TOTAL UTILITY BUDGETED AND ACTUAL EXPENDITURES $ 16.089.117 $ 14.892.566 $ 1.196.551 See accompanying notes to financial statements. - 80 - CITY OF COLLEGE STATION UTILITY FUND SCHEDULE OF RESTRICTED ASSETS AND LIABILITIES PAYABLE FROM RESTRICTED ASSETS JUNE 30, 1982 E-8 Revenue Bond Capital Customers' Interest Project Meter And Sinking Funds Deposits Totals RESTRICTED ASSETS Cash in Banks $ 3,804 $ 73,576 $ 663,054 $ 740,434 Certificates of Deposit 1,451,000 5,103,000 500,000 7,054,000 Accrued Interest Receivable 52,572 81,923 -0- 134,495 Due From Other Funds -0- 326,049 -0- 326,049 Due From Restricted Assets -0- 1,733,895 -0- 1,733,895 Inventories -0- 2,398 -0- 2,398 TOTAL RESTRICTED ASSETS: $1,507,376 $7,320,841 51. 163.054 $9.991,271 LIABILITIES PAYABLE FROM RESTRICTED ASSETS Construction Contracts and Retainage Payable $ -0- $ 62,452 $ -0- $ 62,452 Accrued Revenue Bond Interest Payable 423,359 -0- -0- 423,359 Currently Maturing Portion of Revenue Bonds 1,193,000 -0- -0- 1,193,000 Due to Other Funds -0- 105,235 -0- 105,235 Due to Restricted Funds -0- 2,329,301 -0- 2,329,301 Customers' Meter Deposits -0- -0- 1,163,054 1, 163,054 TOTAL LIABILITIES PAYABLE FROM RESTRICTED ASSETS: $1.616,359 $2.496.988 $1,163,054 $5,276.401 See accompanying notes to financial statement. - 81 - CITY OF COLLEGE STATION UTILITY FUND SCHEDULE OF FIXED ASSETS AND DEPRECIATION JUNE 30, 1982 E-9 Assets Balances Balances 7/1/81 Additions Deductions 6/30/82 ELECTRIC SYSTEM: Switch Stations, Transmission & Distribution Lines $ 5,982,390 $ 1,891,330 $ -0- $ 7,873,720 Electric Service Equipment 56,295 -0- -0- 56,295 Meters 532,456 -0- -0- 532,456 Transformers 882,781 -0- -0- 882,781 ' General & Office Equipment 109,530 39,327 -0- 148,857 Automotive Equipment 190,875 116,236 -0- 307, 111 Land 98,234 134,410 -0- 232,644 Construction-In-Progress 21,435 1,438,412 910,922 548,925 $ 7,873,996 $ 3,619,715 $ 910,922 $10,582,789 WATER SYSTEM: Transmission & Distribution Lines $ 4,900,289 $ 1,431,748 $ -0- $ 6,332,037 Water Service Equipment 17,697 -0- -0- 17,697 Meters 427,605 -0- -0- 427,605 Storage Tanks 492,555 5,230,037 -0- 5,722,592 Waterwell Drilling Costs 672,429 -0- -0- 672,429 General & Office Equipment 146,395 10,762 -0- 157,157 Automotive Equipment 157,530 6,154 -0- 163,684 Land 164,694 44,675 -0- 209,369 Construction-In-Progress 5,759,329 853,535 6,473,634 139,230 $12,738,523 $ 7,576,911 $6,473,634 $13,841,800 SEWER SYSTEM: Transmission & Distribution Lines $ 634,978 $ 41,328 $ -0- $ 676,306 Outfall Lines & Lift Station 1,933,471 -0- -0- 1,933,471 Treatment Plant & Equipment 2,670,146 -0- -0- 2,670,146 General Equipment 31,464 19,087 -0- 50,551 Automotive Equipment 30,156 13,299 -0- 43,455 Land 132,942 10,585 -0- 143,527 Construction-In-Progress -0- 63,086 -0- 63,086 $ 5,433,157 $ 147,385 $ -0- $ 5,580,542 COMPUTER SYSTEM: Computer Equipment $ 152,882 $ -0- $ -0- $ 152,882 TOTAL FIXED ASSETS: $26.198.558 $11.344.011 $7.384.556 $30. 158.013 See accompanying notes to financial statement. - 82 - Depreciation Net Balances Balances Asset 7/1/81 Additions 6/30/82 Value $ 669,650 $247,832 $ 917,482 $ 6,956,238 3,729 1,878 5,607 50,688 162,881 18,636 181,517 350,939 278,266 30,897 309, 163 573,618 57,900 9,602 67,502 81,355 91,845 37,843 129,688 177,423 -0- -0- -0- 232,644 -0- -0- -0- 548,925 $1,264,271 $346,688 $1,610,959 $ 8,971,830 $ 498,217 $141,761 $ 639,978 $ 5,692,059 294 441 735 16,962 177,446 17,070 194,516 233,089 153,924 77,689 231,613 5,490,979 10,212 18,294 28,506 643,923 103,663 7,604 111,267 45,890 75,065 24,080 99, 145 64,539 -0- -0- -0- 209,369 -0- -0- -0- 139,230 $1,018,821 $286,939 $1,305,760 $12,536,040 $ 258,253 $ 15,278 $ 273,531 $ 402,775 173,623 48,337 221,960 1,711,511 352,366 70,872 423,238 2,246,908 22,088 6,713 28,801 21,750 7, 161 10, 134 17,295 26, 160 -0- -0- -0- 143,527 -0- -0- -0- 63,086 $ 813,491 $151,334 $ 964,825 $ 4,615,717 $ 23, 155 $ 15,289 $ 38,444 $ 114,438 $3. 119.738 $800.250 $3.919.988 $26.238.025 - 83 - CITY OF COLLEGE STATION UTILITY FUND SCHEDULE OF REVENUE BOND DEBT JUNE 30, 1982 E-10 DEBT Original Balance Date Issue Retired 6/30/82 Water and Sewer System and 2/01/67 $ 333,000 $ 287,000 $ 46,000 Electric Light and Power System Revenue Refunding Bonds - Series 1967 Water and Sewer System and 2/01/67 600,000 385,000 215,000 Electric Light and Power System Revenue Bonds - Series 1967 Utility System Revenue Bonds - 8/01/71 800,000 440,000 360,000 Series 1971 Utility System Revenue Bonds - 8/01/73 500,000 225,000 275,000 Series 1973 Utility System Revenue Bonds - 8/01/76 3,000,000 600,000 2,400,000 Series 1976 Utility System Revenue Bonds - 5/01/79 6,145,000 520,000 5,625,000 Series 1979 Utility System Revenue Bonds - 5/01/81 3,000,000 300,000 2,700,000 Series 1981 Utility System Revenue Bonds - 2/01/82 4,220,000 -0- 4,220,000 Series 1982 $18.598.000 $2.757.000 $15.841.000 BONDS AUTHORIZED AND UNISSUED: Utility System Revenue Bonds- Series 1981 $ 9.325.000 See accompanying notes to financial statements. - 84 - MATURITIES REQUIREMENTS Fiscal Year 1982-83 Fiscal Year 1983-84 From To Annually Principal Interest Principal Interest 2/01/83 2/01/84 $ 23,000 $ 23,000 $ 1,540 $ 23,000 $ 770 Matured 5,000 30,000 7,605 30,000 6,525 2/01/83 2/01/89 30,000 2/01/83 2/01/91 40,000 40,000 19,440 40,000 17,320 2/01/83 2/01/93 25,000 25,000 13,913 25,000 12,663 2/01/83 2/01/93 150,000 150,000 136,575 150,000 127,575 2/01/94 2/01/95 175,000 2/01/96 1/01/97 200,000 2/01/83 2/01/84 225,000 225,000 318,225 225,000 301,913 2/01/85 275,000 2/01/86 300,000 2/01/87 325,000 2/01/88 2/01/91 350,000 2/01/92 2/01/97 400,000 2/01/98 475,000 2/01/83 2/01/91 300,000 300,000 256,950 300,000 225,450 2/01/83 395,000 2/01/84 2/01/92 425,000 395,000 462,800 425,000 423,300 $1.188.000 $1.217.048 $1.218.000 $1. 115.516 - 85 - CITY OF COLLEGE STATION SANITATION FUND BALANCE SHEET JUNE 30, 1982 E-11 ASSETS CURRENT ASSETS: Cash on Hand and in Bank $ 44,636 Certificate of Deposit 200,000 Accounts Receivable 3,503 Due From Other Funds 114,748 Inventories 12,220 Prepaid Expenses 6,799 Total Current Assets $381,906 FIXED ASSETS: Cost Depreciation Net Automotive Equipment $247,063 $124,798 $122,265 Machinery, Tools & Equipment 439,222 239,387 199,835 Land 39,701 -0- 39,701 Total Fixed Assets $725.986 $364.185 361,801 TOTAL ASSETS: $743.70 LIABILITIES CURRENT LIABILITIES: Accounts Payable $ 1.,787 Due to Other Funds 3,281 TOTAL LIABILITIES: $ 5,068 FUND EQUITY Contributed Capital: Federal Government $ 54,901 Retained Earnings: Unreserved 683,738 Total Fund Equity $738,639 TOTAL LIABILITIES AND FUND EQUITY: $743.707 See accompanying notes to financial statements. - 86 - CITY OF COLLEGE STATION SANITATION FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN RETAINED EARNINGS FOR THE YEAR ENDED JUNE 30, 1982 E-12 OPERATING REVENUES: Charges for Services Residential $548,454 Commercial 192,583 Landfill 29,329 Total Operating Revenues $770,366 OPERATING EXPENSES: Salaries and Benefits $403,240 Supplies Equipment Maintenance Services Sundry Depreciation Total Operating Expenses $(C")t Net Operating Income $133, NONOPERATING REVENUES (EXPENSES) : Interest Earnings 15,973 Miscellaneous Fees 15,580 Total Nonoperating Revenues (Expenses) $ 31,553 Income Before Operating Transfers $165,497 Operating Transfers In (Out) (53,235) NET INCOME: $112,262 Retained Earnings at Beginning of Year 571,476 RETAINED EARNINGS AT END OF YEAR: $683,738 See accompanying notes to financial statements. - 87 - CITY OF COLLEGE STATION SANITATION FUND STATEMENT OF EXPENSES - BUDGET (NON-GAAP BUDGETARY BASIS) AND ACTUAL FOR THE YEAR ENDED JUNE 30, 1982 E-13 Variance Favorable Budget Actual (Unfavorable) SANITATION COLLECTION (RESIDENTIAL) : Salaries and Benefits $337,508 $307, 129 $ 30,379 Supplies 19,100 16,473 2,627 Equipment Maintenance 40,453 40,693 (240) Services 492 324 168 Sundry 3,171 4,928 (1,757) Total Operating - Sanitation Collection (Residential) $400,724 $369,547 $ 31,177 Total Sanitation Collection (Residential) $400,724 $369,547 $ 31,177 SANITATION COLLECTION (COMMERCIAL) : Salaries and Benefits $ 48,873 $ 40,055 $ 8,818 Supplies 3,928 3,670 258 Equipment Maintenance 10,017 9,943 74 Services 1 ,000 -0- 1,000 Sundry 588 912 (324) Total Operating - Sanitation Collection (Commercial) $ 64,406 $ 54,580 $ 9,826 Total Sanitation Collection (Commercial) $ 64,406 $ 54,580 $ 9,826 SANITATION DISPOSAL: Salaries and Benefits $ 55,963 $ 56,056 $ (93) Supplies 5,100 4,034 1,066 Building Maintenance 200 -0- 200 Equipment Maintenance 20,000 17,472 2,528 Services 10,060 6,283 3,777 Sundry 315 483 (168) Total Operating - Sanitation Disposal $ 91,638 $ 84,328 $ 7,310 Capital Outlay - Machinery, Tools, Equipment 63,000 -0- 63,000 Capital Outlay - Land 41,642 -0- 41,642 Total Sanitation Disposal $196,280 $ 84,328 $111,952 TOTAL SANITATION BUDGETED AND ACTUAL EXPENDITURES: $661.410 $508.455 $152.955 RECAP OF EXPENDITURES: Salaries and Benefits $442,344 $403,240 $ 39,104 Supplies 28,128 24,177 3,951 Building Maintenance 200 -0- 200 Equipment Maintenance 70,470 68, 108 2,362 Services 11,552 6,607 4,945 Sundry 4,074 6,323 (2,249) Capital Outlay 104,642 -0- 104,642 $661.410 $508.455 $152.955 See accompanying notes to financial statements. - 88 - FIDUCIARY FUNDS Pension Trust Fund Firemen's Relief and Retirement - to account for the accumulation of resources to be used for retirement annuity payments at appropriate amounts and time in the future. The fund does not account for the administrative costs of the System, which are borne by the general fund. Resources are contributed by employees 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 it is estimated by the City that there are approximately five or less past employees who could become eligible for these $25.00 per month payments in the future. Expendable Trust Funds Cemetery - Perpetual Care - to account for portion of cemetery plot sales proceeds that is designated as a contribution to the perpetual care fund. Funds are to be expended for maintenance and care of the City's cemetery. - 89 - CITY OF COLLEGE STATION ALL FIDUCIARY FUNDS COMBINING BALANCE SHEET JUNE 30, 1982 F-1 Pension Trust Expendable Fund Trust Fund Firemen's Relief Cemetery - Totals and Perpetual June 30, ASSETS Retirement Care 1982 Cash $364 $ 8,113 $ 8,477 Certificates of Deposit -0- 24,000 24,000 Accrued Interest Receivable -0- 2,758 2,758 Due from Other Funds -0- 967 967 TOTAL ASSETS: $364 $35,838 $36,202 FUND BALANCE Reserved for Firemen's Relief and Retirement $364 $ -O- $ 364 Reserved for Cemetery Perpetual Care -0- 35,838 35,838 TOTAL FUND BALANCE: $364 $35,838 $36_,202 See accompanying notes to financial statements. - 90 - GENERAL FIXED ASSETS ACCOUNT GROUP To account for fixed assets not used in proprietary fund operations or accounted for in trust funds. - 91 - (This page intentionally left blank) - 92 - CITY OF COLLEGE STATION GENERAL FIXED ASSETS ACCOUNT GROUP STATEMENT OF GENERAL FIXED ASSETS JUNE 30, 1982 G-1 GENERAL FIXED ASSETS: Land $ 1,937,391 Buildings and Improvements 3,413,729 Machinery, Tools, and Equipment 1,734,981 Motor Vehicles 799,593 Parks and Recreation Equipment 2,025,525 Paving Sidewalks and Streets 4,739,140 Construction in Progress 275,844 TOTAL GENERAL FIXED ASSETS: $14.926.203 INVESTMENT IN GENERAL FIXED ASSETS FROM: Capital Projects Funds: General Obligation Bonds $ 3,859,209 Certificates of Obligation 212,725 Federal Grants 521,778 General Fund Revenues 1,435,548 Special Revenue Fund Revenues 883,375 Acquisitions Prior to July 1, 1979 - Source Undetermined 8,013,568 TOTAL INVESTMENT IN GENERAL FIXED ASSETS: $14.926.203 See accompanying notes to financial statements. - 93 - CITY OF COLLEGE STATION GENERAL FIXED ASSET ACCOUNT GROUP SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS BY FUNCTION AND ACTIVITY FOR THE YEAR ENDED JUNE 30, 1982 G-2 Buildings and Function and Activity Total Land Improvements BALANCES - JUNE 30, 1981 $12,370,002 $1,888,748 $2,606,813 ADDITIONS BY FUNCTION & ACTIVITY: General Fund: Administration $ 27,424 $ -0- $ 63 Finance 81,796 -0- 175 Public Service 129,655 -0- -0- Police 160,462 -0- -0- Fire 38,670 -0- -0- Engineering 13,997 -0- -0- Parks 46,407 -0- -0- Total General Fund $ 498,411 $ -0- $ 238 CAPITAL PROJECTS FUNDS: Community Center $ 733,366 $ -0- $ 806,678 Community Development 70,966 -0- -0- Computer Project 35,467 -0- -0- Certificate of Obligation Funds 152,143 -0- -0- 1971 Bond Funds 71,366 -0- -0- 1976 Bond Funds 320 -0- -0- 1978 Bond Funds 266,186 -0- -0- 1978 Series II Bond Funds 458,306 -0- -0- 1981 Bond Funds 56,984 -0- -0- 1982 Bond Funds 212,686 48,643 -0- Total Capital Projects $ 2,057,790 $ 48,643 $ 806,678 BALANCES - JUNE 30, 1982: $14,926,203 $1,937,391 $3.413,729 See accompanying notes to financial statements. - 94 - Machinery, Parks & Paving Construction Tools, Motor Recreation Sidewalks In Equipment Vehicles Equipment & Streets Progress $1,338,687 $427,089 $1,461,377 $4,238,048 $409,240 $ 17, 116 $ 10,245 $ -0- $ -0- $ -0- 81,621 -0- -0- -0- -0- 111,495 18, 160 -0- -0- -0- 44,613 115,849 -0- -0- -0- 30,670 8,000 -0- -0- -0- 6,472 7,525 -0- -0- -0- 46,407 -0- -0- -0- -0- $ 338,394 $159,779 $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $ -0- $(73,312) -0- -0- 31,353 162,161 (122,548) 35,467 -0- -0- -0- -0- -0- 212,725 -0- -0- (60,582) -0- -0- -0- 71,366 -0- -0- -0- -0- 320 -0- -0- -0- -0- 266, 186 -0- -0- -0- 532,795 -0- (74,489) -0- -0- -0- 1,059 55,925 22,433 -0- -0- -0- 141,610 $ 57,900 $212,725 $ 564, 148 $ 501,092 ($133,396) $1,734.981 $799.593 $2.025,525 $4.739. 140 $275,844 - 95 - GENERAL LONG-TERM DEBT ACCOUNT GROUP To present the outstanding general obligation debt of the City, including notes, certificates of obligation and general obligation bonds. These are secured by a pledge of revenues from tax collections. - 96 - CITY OF COLLEGE STATION GENERAL LONG TERM DEBT ACCOUNT GROUP STATEMENT OF GENERAL LONG TERM DEBT JUNE 30, 1982 H-1 AMOUNT AVAILABLE AND TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG-TERM DEBT Amount Available in Debt Service Fund $ 812,717 Amount to be Provided for Debt Service 16,151,455 TOTAL AVAILABLE AND TO BE PROVIDED: $16.964. 172 GENERAL LONG-TERM DEBT PAYABLE Tax Obligation Bonds $14,690,000 Certificates of Obligation 2,238,843 Notes Payable 35,329 TOTAL GENERAL OBLIGATION LONG-TERM DEBT: $16.964. 172 See accompanying notes to financial statements. - 97 - CITY OF COLLEGE STATION GENERAL LONG-TERM DEBT ACCOUNT GROUP SCHEDULE OF TAX OBLIGATION BOND DEBT JUNE 30, 1982 H-2 DEBT Date Authorized Issued Retired Outstanding 1968 City Hall, Fire/ 8/01/68 $ 840,000 $ 840,000 $ 290,000 $ 550,000 Police Headquarters, Street Improvements 1971 Street Improvements 8/01/81 500,000 500,000 275,000 225,000 1976 Street Improvements; 8/15/76 9,865,000 5,840,000 1,375,000 4,465,000 Electric, Water Works & Sewer Systems Improve- ments; Police, Fire, & Warehouse Buildings; City Hall Expansion; Park Improvements; Civic Center 1978 Series I - Issue 2/01/78 3,525,000 700,000 2,825,000 Balance of 1976 Autho- rization (See Above) 1978 Series II - Street 5/15/78 3,020,000 3,020,000 450,000 2,570,000 Improvements; Police, Fire, Warehouse Build- ings; Park Improvements 1981 Series - Street 5/15/81 10,795,000 1,500,000 150,000 1,350,000 Improvements; City Hall Building, Park Improve- ments, Park Land 1982 Series - Issue 2/15/82 2,705,000 -0- 2,705,000 1981 authorization for Street Improvements, Park Land TOTAL TAX OBLIGATION BONDS: $25,020.000 $17,930,000 $3.240,000 $14.690.000 BONDS AUTHORIZED AN UNISSUED: 1976 Series - Civic Center $ 500,000 1981 Series - Street 6,590,000 Improvements, City Hall Building, Park Improve- ments, Park Land TOTAL: $ 7.090.000 See accompanying notes to financial statements. - 98 - MATURITIES REQUIREMENTS Fiscal Year 1982-83 Fiscal Year 1983-84 From To Annually Principal Interest Principal Interest 8/01/82 8/01/84 $ 35,000 $ 35,000 $ 24,475 $ 35,000 $ 22,935 8/01/85 8/01/87 40,000 8/01/88 8/01/92 45,000 8/01/93 8/01/94 50,000 8/01/82 8/01/90 25,000 25,000 11,825 25,000 10,575 8/15/82 275,000 275,000 244,350 290,000 227,850 8/15/83 290,000 8/15/84 8/15/96 300,000 2/01/83 2/01/97 175,000 175,000 138,275 175,000 128,125 2/01/98 200,000 5/15/83 5/15/98 150,000 150,000 136,835 150,000 129,110 5/15/99 170,000 2/15/83 2/15/91 150,000 150,000 125,588 150,000 109,463 2/15/83 230,000 230,000 292,813 275,000 265,788 2/15/84 2/15/92 275,000 $1.040.000 $974. 161 $1. 100.000 $893.846 - 99 - CITY OF COLLEGE STATION GENERAL LONG-TERM DEBT ACCOUNT GROUP SCHEDULE OF OTHER TAX OBLIGATION DEBT H-3 Number, Type/Creditor Original Balance and Purpose of Debt Rate Date Amount Retirements 6/30/82 Certificate of Obligation: 00001 Sanitary Landfill Site 5.97% 6/08/81 $ 208,000 $41,600 $ 166,400 00002 Sewage Treatment Plant 9.25% 7/24/81 284,063 -0- 284,063 00003 Sewage Treatment Plant 12.00% 7/15/81 1,297,000 -0- 1,297,000 00004 College Station Civic Center 11.00% 10/23/81 400,000 -0- 400,000 00005 Motor Grader 9.45% 11/13/81 91,380 -0- 91,380 TOTAL CERTIFICATES OF OBLIGATION: $2.280.443 $41.600 $2.238.843 Notes Payable: Xerox-Copy Machine 5.00% 3/28/78 $ 6,413 $ 5,332 $ 1,081 Liddie B. Arnold - Park Land 7.00% 4/17/78 68,498 34,250 34,248 TOTAL NOTES PAYABLE $ 74.911 $39,582 $ 35.329 See accompanying notes to financial statements. • - 100 - MATURITIES REQUIREMENTS Fiscal Year 1982-1983 Fiscal Year 1983-84 From To Annually Principal Interest Principal Interest 6/08/83 6/08/86 $ 41,600 $ 41,600 $ 9,934 $ 41,600 $ 7,451 7/24/82 7/24/91 28,406 28,406 26,276 28,406 23,648 7/15/82 18,002 18,002 155,640 20, 163 153,480 7/15/83 20, 163 7/15/84 22,582 7/15/85 25,292 7/15/86 28,327 7/15/87 31,726 7/15/88 1,150,908 10/23/82 10/23/91 40,000 40,000 44,000 40,000 39,600 11/13/82 11/13/86 18,276 18,276 8,635 18,276 6,908 $146.284 $244.485 $148.445 $231.087 7/01/82 $ 1,081 $ 1,081 $ 297 $ -0- $ -0- 4/17/83 4/17/86 8,562 8,562 2,397 8,562 1,798 S 9.643 $ 2.694 $ 8.562 $ 1.798 - 101 - CITY OF COLLEGE STATION GENERAL GOVERNMENTAL EXPENDITURES AND OTHER USES BY FUNCTION 5/ LAST TEN FISCAL YEARS -UNAUDITED- Table I Fiscal General Parks & Debt Year Government 2/ Police 3/ Fire 4/ Sanitation Streets Recreation Service 1972-73 $ 172,918 $ 155,266 $ 59,581 $ 81,611 $114,243 $ 21,864 $ 106,835 1973-74 239,880 215,001 97,252 79,275 185,082 49,695 103,906 1974-75 264,948 262,306 138,450 135,480 176,488 113,272 106,255 1975-76 330,999 339,047 186,212 127,874 166,781 143,597 102,717 1976-77 425,957 421,023 330,805 251,652 296,716 238,714 340,531 1977-78 576,522 448, 178 479,468 242,976 219,884 386,581 308,265 1978-79 897,270 572,840 456,599 242,707 309, 145 366,660 539, 183 1979-80 1,442,672 920,773 687,264 1/ -0- 205,684 476,706 1,567,169 1980-81 1,808,105 1, 196,668 1,044,754 -0- 255,264 640,497 1,322,307 1981-82 2,694,409 1,651,836 1,388,723 -0- 405,758 779,480 1,571,830 1/ In fiscal year 79-80, the Sanitation Fund was set up as an Enterprise Fund and is no longer supported by the General Fund. 2/ The general government column includes city manager, personnel, planning, engineering, finance, public service administration, cemetery, building in- spection, garage and nondepartmental categories. 3/ The police category includes municipal court. 4/ The fire column includes ambulance services. 5/ Expenditures presented include the General and Debt Service Funds. - 103 - CITY OF COLLEGE STATION GENERAL REVENUE AND OTHER FINANCING BY SOURCE 3/ LAST TEN FISCAL YEARS -UNAUDITED- Table II Fiscal Property 1% City Mixed Drink Franchise & Fines & Intergov'tl Year Tax Sales Tax Tax Gross Receipts Forfeitures Revenue 1972-73 $100,691 $ 190,230 $ 3,000 $35,339 $ 22,008 $ -0- 1973-74 105,294 246,759 6,750 40,876 46,152 -0- 1974-75 209,704 396,784 10,305 51,083 74,471 2,997 1975-76 409,904 482,952 13,209 63,839 94,476 13,603 1976-77 424,222 581,708 22,272 79,858 113,675 -0- 1977-78 342,457 784,930 25,323 93,682 184,053 22,251 1978-79 438,268 919,492 32,234 103,752 288,306 55,394 1979-80 444,342 1,065,314 38,827 115,810 315,514 2/ 375,120 1980-81 513, 114 1,544,870 51,262 135,823 406,636 415,953 1981-82 606,989 1,794,603 80,119 177,753 418,371 260,215 1/ In fiscal year 79-80, the Sanitation Fund was set up as an Enterprise Fund and is no longer supported by the General Fund. 2/ Revenue sharing transfers not made until FY 1979-80. 3/ The revenues and other financing sources for this schedule include General Fund only. - 104 - Contribution Charges For From Enterprise Interest Licenses Services Funds Earned & Permits Miscellaneous Total $140, 189 $ -0- $ 1,588 $ 31,376 $ 13,752 $ 538, 173 160,563 -0- 8,946 33,926 24,322 673,588 207,764 -0- 8,606 20, 114 33,694 1,015,522 237,488 58,000 10,407 51,429 77,850 1,513, 157 268,474 191,000 16,347 74,415 67,454 1,839,425 312,719 591 , 108 12,080 67,511 113,485 2,549,599 345,983 975,266 7,642 59,022 84,096 3,309,455 1/ 103,883 1,634,366 35,333 75,661 29,938 4,234, 108 136,719 2, 178, 103 101,846 217,423 48,456 5,750,205 177,930 2,719,534 274,716 297,031 417,709 7,224,970 - 105 - CITY OF COLLEGE STATION PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS -UNAUDITED- Table ITT Total Current Percent Delinquent Fiscal Tax Tax Of Levy Tax Year Levy Collections Collected Collections 1972-73 $ 220,433 $212,029 96. 19% $ 4,830 1973-74 259,357 251,514 96.98 4,042 1974-75 327,455 299,839 91.57 10,419 1975-76 472,233 445,472 94.33 26,093 1976-77 553,050 530,731 95.96 28,521 1977-78 750,008 728,672 97. 16 19, 196 1978-79 892,181 867, 137 97. 19 15, 181 1979-80 1, 120,984 1,065,347 95.55 32,916 1980-81 1,178,167 1,127,500 95.70 44, 166 1981-82 1,281,560 1,236,615 96.50 50,820 - 106 - Total Total Collections Outstanding Outstanding Delinquent Tax As Percent Of Delinquent Taxes As A Percent Collections Current Levy Taxes Of Current Levy $ 216,859 98.38% $24,534 11. 13% 255,556 98.53 31, 130 12.00 310,258 94.75 48,867 14.92 471,565 99.86 49,807 10.55 559,252 101. 11 40,508 7.32 747,868 99.71 42,601 5.68 882,318 98.89 52,502 5.88 1,098,263 97.97 71,884 6.41 1,171,666 99.45 76,509 6.49 1,287,435 100.46 70,839 5.53 - 107 - CITY OF COLLEGE STATION ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS -UNAUDITED- Table IV Real Property Personal Property Estimated Estimated Fiscal Assessed Actual Assessed Actual Year Value Value Value Value 1972-73 $ 50,875,868 $ 63,594,835 $ 6,936,284 $ 8,670,355 1973-74 60,294,657 75,368,321 8,877,850 11,097,312 1974-75 76,248,230 95,310,287 11, 153,376 13,941,720 1975-76 92,839,625 116,049,531 17,899,207 22,374,009 1976-77 104,966,638 131,208,297 25,299,855 31,624,818 1977-78 120,853,467 151,066,834 25,023,668 31,279,585 1978-79 140, 112,861 175, 141,076 26,258, 105 32,822,631 1979-80 266,536, 120 333,170, 150 27,368,820 34,211,025 1980-81 288,809,588 361,011,985 28,255,830 35,319,787 1981-82 388,608,966 388,608,966 44,444,725 44,444,725 - 108 - Total Estimated Ratio of Total Assessed Assessed Actual To Total Estimated Value Value Actual Value $ 57,812, 152 $ 72,265, 190 80% 69,172,507 86,465,633 80 87,401,606 109,252,007 80 110,738,832 138,423,540 80 130,266,493 162,833, 116 80 145,877,135 182,346,418 80 166,370,966 207,963,707 80 293,904,940 367,381,175 80 317,065,418 396,331,772 80 433,053,691 433,053,691 100 - 109 - CITY OF COLLEGE STATION PROPERTY TAX RATES, RATIOS AND LEVIES ALL OVERLAPPING GOVERNMENTS LAST TEN FISCAL YEARS -UNAUDITED- Table V TAX RATES Fiscal (Per $100 of Assessed Value) Year City School County State Total 1972-73 $ .375 $1.61 $1.25 $ .27 $6.88 1973-74 .375 1.67 1.20 .22 6.84 1974-75 .375 1.75 1. 15 . 17 6.82 1975-76 .43 1.77 1. 10 . 12 3.42 1976-77 .43 1.81 .97 . 12 3.33 1977-78 .52 1.40 1.00 . 10 3.02 1978-79 .56 1.27 .99 . 10 2.92 1979-80 .39 1.29 1. 15 . 10 2.93 1980-81 .39 1.40 .38 . 10 2.27 1981-82 .31 1. 18 .40 . 10 1.99 1/ The upper limit of the tax rate is set at $2.50/$100 of assessed value for each jurisdiction by State Statute. This limit is for both operations and debt service combined. 2/ The date that taxes are due for the City is the beginning of the fiscal year, currently July 1. For other jurisdictions, the date is October 1. Taxes for all jurisdictions become delinquent on February 1. 3/ 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. 4/ The state legislature effectively eliminated state property taxes by reducing the ratio to .0001% in fiscal year 1980-81. • - 110 - TAX RATIOS TAX LEVIES County/ City School County State City School State 80% 80% 20% 20% $ 220,600 $1,129,836 $1,018,746 80 80 20 20 259,439 1,395,207 1,014,679 80 80 20 20 327,535 1,786,604 1,041,703 80 80 20 20 472,346 2,192,776 1,130,711 80 80 20 20 553,453 3,041,909 1,280,512 80 80 20 20 750,027 3,714,929 1,410,978 80 80 20 20 892,365 3,665,701 1,592,086 80 80 20 20 1,121,035 3,631,840 2,183,122 80 80 100 0 4/ 1, 176,291 4, 173,218 3,653,898 100 100 100 0 1,281,560 4,707,725 4,140,834 - 111 - CITY OF COLLEGE STATION RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA LAST TEN FISCAL YEARS -UNAUDITED- Table VI Gross Less Fiscal Estimated Assessed Bonded Debt Service Year Population* Value Debt Cash Funds 1972-73 21,896 $ 57,812,152 $ 1,235,000 $ 37,546 1973-74 23,654 69,172,507 1, 190,000 81,831 1974-75 25,201 87,401,606 1,140,000 73,249 1975-76 27,227 110,738,832 1,090,000 36,224 1976-77 29,667 130,266,493 2,530,000 95,340 1977-78 32,348 145,877,135 3,046,250 365,282 1978-79 35,260 166,370,966 5,916,000 332,203 1979-80 37,296 293,904,940 1/ 11,945,000 1/ 722,498 1980-81 42,320 317,065,418 11,290,000 769,558 1981-82 45,623 433,053,691 14,690,000 812,717 * Source: Texas Highway Department 1/ In fiscal year 1979-80, all General Obligation Bonded Indebtedness was consol- idated in the General Long Term Debt Group of Accounts. All retirement of that debt was also made from the Debt Service Fund. In all prior years, a portion of the debt was incorrectly reflected as indebtedness of the Utility Fund. - 112 - Net Ratio Of Net Bonded Net Bonded Debt Bonded Debt Debt To Assessed Value Per Capita $ 1,197,454 2.07% $ 54.69 1, 108,169 1.60 46.85 1,066,751 1.22 42.33 1,053,776 0.95 38.70 2,434,660 1.87 82.07 2,680,968 1.84 82.88 5,583,797 3.36 158.36 11,222,502 3.82 300.90 10,520,442 3.32 248.59 13,877,283 3.20 304. 17 - 113 - CITY OF COLLEGE STATION COMPUTATION OF LEGAL DEBT MARGIN JUNE 30, 1982 -UNAUDITED- Table VII The City of College Station 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. - 114 CITY OF COLLEGE STATION STATEMENT OF DIRECT AND ESTIMATED OVERLAPPING DEBT JUNE 30, 1982 -UNAUDITED- Table VIII ESTIMATED OVERLAPPING DEBT: Net Debt City's Share TAXING BODY: Amount As Of % Amount *Per Capita College Station I.S.D. $22,475,000 8/31/82 72.96 $16,397,760 $359.42 Brazos County 9,009,000 12/31/82 32.48 2,926, 123 64. 14 Brazos County Road & Bridge 439,470 12/31/82 32.48 142,740 3. 13 Bryan I.S.D. 11, 124,000 8/31/82 2.05 228,042 4.99 $19,694,665 $431.68 NET DIRECT DEBT: City of College Station 13,877,283 6/30/82 100.00 13,877,283 304. 17 NET DIRECT AND ESTIMATED OVERLAPPING DEBT: $33.571.948 $735.85 *Population - 45,623 - 115 - CITY OF COLLEGE STATION RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL OBLIGATION DEBT TO TOTAL GENERAL FUND EXPENDITURES LAST TEN FISCAL YEARS -UNAUDITED- Table IX Total Total Fiscal Debt General Fund Year Principal Interest Service Expenditures Ratio 1972-73 $ 45,000 $ 61,801 $ 106,801 $ 740,845 14.42% 1973-74 45,000 58,872 103,872 901,771 11.52 1974-75 50,000 56,222 106,222 1, 115,793 9.52 1975-76 50,000 52,684 102,684 1,294,910 7.93 1976-77 50,000 290,441 340,441 1,964,868 17.33 1977-78 118,750 189,442 308, 192 2,353,609 13.09 1978-79 150,250 298,569 448,819 2,845,220 15.77 1979-80 884,036 683,133 1/ 1,567, 169 2/ 3,733,099 41.98 1980-81 684,435 637,503 1,321,938 4,945,288 26.73 1981-82 856,343 715, 120 1,571,463 6,920,206 22.71 1/ In fiscal year 79-80, all General Obligation Bonded Indebtedness was consol- idated in the General Long Term Debt Group of Accounts. All retirement of that debt was also made from the Debt Service Fund. In all prior years, a portion of the debt was incorrectly reflected as indebtedness of the Utility Fund. 2/ In fiscal year 79-80, the Sanitation Fund was set up as an Enterprise Fund and is no longer supported by the General Fund. - 116 - CITY OF COLLEGE STATION SCHEDULE OF REVENUE BOND COVERAGE LAST TEN FISCAL YEARS -UNAUDITED- Table X Net Available AVERAGE ANNUAL Fiscal Gross Operating For DEBT SERVICE REQUIREMENTS Year Revenues Expenses Debt Service Principal Interest Total Coverage 1972-73 $ 2,089,404 $1,313,504 $ 775,900 $ 77,278 $ 31,218 $ 108,496 7. 15 1973-74 2,566,360 1,740,976 825,384 93,789 39,001 132,790 6.22 1974-75 3,457,424 2,704,674 752,750 92,888 36,432 129,320 5.82 1975-76 4,882,274 4,001,477 880,797 91,882 33,897 125,779 7.00 1976-77 6,544,345 5,507,207 1,037,138 234,315 127,636 361,951 2.87 1977-78 8,057,633 6,532,582 1,525,051 241,167 121,338 362,505 4.21 1978-79 8,862,537 6,210,206 2,652,331 239,941 114,618 354,559 7.48 1979-80 10,324,011 6,854,767 3,469,244 628,684 304,406 933,090 3.72 1980-81 11,917,202 7,974,852 3,942,350 521,334 291,244 812,578 4.85 1981-82 16,549,721 9,456,675 7,093,046 990,062 502,598 1,492,660 4.75 1/ City Ordinance No. 1026, as discussed in Note 4 to the financial statements, possibly restricts the use of Utility Fund net revenues for the retirement of General Obligation Bonded Indebtedness. No General Obligation Bonded Indebtedness is included in the average annual debt service requirements. - 117 - CITY OF COLLEGE STATION BANK DEPOSITS LAST TEN FISCAL YEARS -UNAUDITED- Table XI 1972-73 $ 3,030,807 1973-74 3,709,349 1974-75 4,812,414 1975-76 6,695,186 1976-77 10,553,941 1977-78 12,284,766 1978-79 16,675,307 1979-80 24,502,611 1980-81 1/ 19,676,305 1981-82 2/ 38,013,719 1/ No bond funds were received during FY 1980-81; $6,145,000 were received in FY 1979-80. 2/ Bond funds and certificates of obligation proceeds of $11,825,000 were received in FY 1981-82. Source: City of College Station Finance Department. - 118 - CITY OF COLLEGE STATION CONSTRUCTION PERMITS LAST TEN YEARS -UNAUDITED- Table XII Residential Commercial Construction Construction Total Number Number Number Year Of Units Value Of Units Value Of Units Value 1972 129 $ 8,420,545 136 $ 2,391,947 265 $10,812,492 1973 132 9,794,748 145 7,265,785 277 17,060,533 1974 129 4,284,030 143 2,521,851 272 6,805,881 1975 261 7,724,706 200 2,389,553 461 10, 114,259 1976 239 18,095,062 221 3,511,939 650 21,607,001 1977 223 22,527,190 223 5,237,202 646 27,764,392 1978 287 8,899,612 240 10,250,643 527 19, 150,225 1979 267 11,606,261 252 6,212,298 519 17,818,559 1980 359 25,707,945 238 9,697,550 597 35,405,495 1981 603 50,667,095 417 30, 114,838 1020 80,781,933 - 119 - CITY OF COLLEGE STATION PRINCIPAL TAXPAYERS JUNE 30, 1982 -UNAUDITED- Table XIII Percentage Of 1981 Total Assessed Taxpayer Type of Business Assessed Valuation Valuation General Telephone Company Utility $13,593,600 3. 14% J. C. Culpepper Shopping Center 6,568,275 1.52 Continental Real Estate Apartment 6,075,125 1.40 Munzel Properties Apartment 6,034, 125 1.39 Martel Interest Apartment 5,954,950 1.38 United States Savings Bank Apartment 4,853,500 1. 12 Anderson-Ridge Associates Apartment 4,764,875 1. 10 Texas instruments Manufacturing 4,283,800 .99 Agency Record Control Light Industry 3,759,725 .87 Southwood Valley Inc. Developer 3,740,470 .86 $59.628.445 13.77 - 120 - CITY OF COLLEGE STATION MISCELLANEOUS STATISTICAL DATA JUNE 30, 1982 -UNAUDITED- Table XIV Page 1 of 3 Date Incorporated October, 1938 Date First Charter Adopted October, 1938 Date Present Charter Adopted April, 1978 Form of Government Council-Manager Area in Square Miles Year Sq. Mi. 1938 1.5 1948 4.2 1958 7.3 1968 17.3 1978 22.6 1982 23.8 Miles of Streets . . . .Paved 139.3 Miles Unpaved 2.5 Miles Miles of Sidewalks 26.4 Miles Miles of Sanitary Sewer 124.4 Miles Fire Protection: Number. of Stations 2 Number of Full-Time Employees 62 Police Protection: Number of Employees (Uniformed) 43 Number of Employees (Plain Clothes, Clerical) 27 Number of Patrol Units 14 One Jail Facility With a Capacity of 20 Recreation: Number of Playgrounds 8 Number of Swimming Pools 2 Number of Soccer Fields 12 Number of Softball/Baseball Fields 14 Number of Picnic Shelters 4 Number of Gyms 1 - 121 - CITY OF COLLEGE STATION MISCELLANEOUS STATISTICAL DATA JUNE 30, 1982 -UNAUDITED- Table XIV (CONTINUED) Page 2 of 3 Parks: Facility Acres Facility Acres Anderson Park 8.94 Lincoln Center 8.00 Bee Creek Park 43.50 Lion's Park 1.50 Brentwood Park 7.69 Longmire Park 4. 16 Brison Park 9.20 Merry Oaks 4.60 Brother's Pond 16. 12 Oaks Park 7.50 College Station Central Park 47.22 Parkway 1.00 Eastgate 1.00 Raintree 2.28 Fairview 1.80 Southwest Park 1.40 Gabbard Park 10.67 Southwood Complex 44.65 Georgia K. Fitch 10.30 Thomas Park 16. 10 Lemon Tree Park 15.43 Wayne Smith Park 4.07 TOTAL ACREAGE 267. 13 Utility Fund: Electric Users 15,085 Water Users 11,522 Average Electrical Consumption: 18,786,952 KWH/Mo. During 1981-82 Average Water Consumption: 122,393,083 Gals. /Mo. During 1981-82 Number of Employees Merit Exempt Total Electric 23 1 24 Water 23 1 24 Water Capacity: Number of Wells 4 Combined Capacity of Wells 12,000,000 MGD Number of Ground Storage Tanks 2; Total Capacity 5,000,000 Gals. Number of Elevated Storage Tanks 1; Total Capacity 1,000,000 Gals. Miles of Water Lines 141.4 Electric Capacity: Maximum Capacity 120 Megawatts Number of Switching Stations 1 Number of Substations 2 Miles of Distribution Lines 122.0 - 122 - CITY OF COLLEGE STATION MISCELLANEOUS STATISTICAL DATA JUNE 30, 1982 -UNAUDITED- Table XIV (CONTINUED) Page 3 of 3 Sanitation Fund: Number of Users 12,461 Landfill Size 118 Acres Methodology Curbside Pickup Using Plastic Bags Education: Attendance Centers 6 Number of Classrooms 248 Number of Teachers 280 Number of Students 4,445 Elections: Number of Registered Voters: Last General Election 1.6,598 Last Municipal Election 14,788 Number of Votes Cast In Last General Election 1,658 Last Municipal Election . . . . . . . . . . . . . . . . . . . . . . . 1,899 Percentage of Registered Voters Voting In: Last General Election 10% Last Municipal Election 13% Population: Census Count 1982 *45,623 1980 37,306 1970 17,676 1960 11,396 1950 7,925 *1982 Estimate per Texas Highway Department - 123 -