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HomeMy WebLinkAbout1973 09 30 Audited Financial Report - City of friendswood 1 11 1 CITY OF FRIENDSWOOD, TEXAS 1 FINANCIAL REPORT FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 1973 1 ELECTED OFFICIALS 11 MAYOR Ralph L. Lowe tCITY COUNCIL Benny Baker Ralph G. Gonzalez Richard L. Haken William B. Patton Milton L. Windler Edward O. Zeitler APPOINTEES City Manager James C. Morgan Assistant City Manager L. B. Cline City Secretary Bobbie C. Henry Tax Assessor and Collector Alta Carbone City Water and Sewer Superintendent Kenneth R. Toon City Engineer Thomas D. Heaney 11 11 109 Willowick Friendswood, Texas V 1 1 TABLE OF CONTENTS 1 Schedule I Reference Page Letter of Transmittal II GENERAL FUND Balance Sheet A 1 1 Analysis of Changes in Unappropriated Surplus A-1 2 Statement of Revenue Receipts A-2 3 Statement of Operating Expenses Compared with Budget Appropriations A-3 4 - 7 IICapital Outlay A-4 8 II BOND FUND Balance Sheet B 9 1 Analysis of Changes in Amount Available for Authorized Expenditures B-1 10 1 INTEREST AND SINKING FUND - GENERAL BONDED DEBT Balance Sheet C 11 IIStatement of Cash Receipts and Disbursements C-1 12 1 SPECIAL TRUST FUND Balance Sheet D 13 Analysis of Changes in Fund Balance D-1 14 II SOCIAL SECURITY FUND II Balance Sheet E 15 IIWATER AND SEWER SYSTEMS Balance Sheet 1 City Water and Sewer System F-1 16 & 17 Annexed Water and Sewer Systems Galveston County WCID #21 F-2 18 11 Sunmeadow Municipal Utility District F-3 19 Analysis of Changes in Unappropriated Surplus F-4 20 Statement of Income and Expenses F-5 21 Schedule of Property, Plant and Equipment 11 City Water and Sewer System F-6 22 Annexed Water Districts System F-7 23 Statement of Cash Receipts and Disbursements I! Construction Fund F-8 24 11 11 11 I Schedule Reference Page I Statements of Cash Receipts and Disbursements Interest and Sinking Fund F-9 25 & 26 Bond Reserve Fund F-10 27 11 Statement of Bond Maturities and Interest Requirements F-11 28 & 29 Bond Requirements Compared with Actual F-12 30 & 31 IIGENERAL FIXED ASSETS Schedule on General Fixed Assets G 32 - 34 I GENERAL BONDED DEBT 1 Statement of Bond Maturities and Interest Requirements H 35 IISUPPLEMENTAL STATEMENTS Combined Balance Sheet - All Funds 1 36 - 39 I Comparison of Budget with Actual Receipts and Disbursements - General Fund 2 40 Comparison of Budget with Actual Income and I Expenses - Water and Sewer System 3 41 Statement of Bonds Payable 4 42 - 47 Schedule of Insurance in Force 5 48 - 52 IISTATISTICAL STATEMENTS I Tax Levies and Tax Collections 1964 - 1973 6 53 & 54 General Fund Revenues Other Than Property Taxes 1964 - 1973 7 55 & 56 II General Fund Expenditures for Selected Functions 1964 - 1973 8 55 & 56 Water and Sewer System Revenues and Operating Expenses 1965 - 1973 9 57 II II I HELOISE BROWN CANTER CERTIFIED PUBLIC ACCOUNTANT 1101 Memorial Professional Building HOUSTON, TEXAS 77002 ' Honorable Mayor and City Council City of Friendswood, Texas We have examined the balance sheets of the various funds of the CITY of FRIENDSWOOD, TEXAS as of September 30, 1973 and the related statements of revenues and expenses and fund equities for the year then ended. Our examina- tion was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other ' auditing procedures as we considered necessary in the circumstances. As required under the home rule charter approved by the citizens at a special election held October 16, 1971, the accounting records for the city ' are on a modified accrual basis and the records for the water and sewer system are on an accrual basis. Taxes and other receivables are accrued and distributed to the appropriate funds. The payable of accrued principal ' and interest shown in this report within the Interest and Sinking Fund of the Water and Sewer System is actually a pro-rata share of maturities due and payable in the coming year as all debt service maturities through September 30, ' 1973 have been paid. A resume of the financial activities of the various funds follows : GENERAL FUND The General Fund is used to finance the ordinary maintenance and operations of the City and records all activities not provided for in other funds . In August of 1972, the City began operating a garbage collection system. The City accepted delivery of a second garbage truck in June of 1973. Fees are billed and collected, as a matter of convenience, along with water and sewer charges and are remitted to the General Fund when collected. Following is a comparative statement of receipts and disbursements for the years ended September 30, 1973 and September 30, 1972. ' 9-30-73YEAR ENDED 9-30-72 Receipts Taxes, Penalties and Interest $245,825.78 $147,288.86 ' Fines and Fees 12,585.42 15,310.94 Franchise and Gross Receipts Tax 25,138.98 21,655.49 Inspection Permits and Licenses 19,417.09 18,727.47 ' City Sales Tax 33,611.91 24,599.10 Sanitation Service Charges 69,836.25 11,513.30 Miscellaneous Receipts 5,194.59 3,115.90 Total $411,610.02 $242,211.06 1 YEAR ENDED I 9-30-73 9-30-72 Expenditures Operating Expenses $321,717.43 $265,279.61 II Capital Outlay 76,901.05 $398,618.48 25,711.76 Total $290,.991.37 Excess of Receipts over Expenditures $ 12,991.54 $(48,780.31) II TAXES IIThe tax levy for years prior to 1972 was based on a tax rate of $1.00 per $100 assessed valuation. The 1972 and 1973 levies were lowered to $0.90 per 1 $100 assessed valuation. A schedule on tax levies and collections thereon is included in this report on pages 53 and 54. City Ordinance #12, passed by City Council on April 23, 1962, annexed II a strip of land 100 feet in width to the City of Friendswood. During the current year, an investigation of the records revealed that this land had never been taxed. An opinion by the City Attorney stated that since this 1 Ordinance #12 was an Annexation Ordinance, taxes should be assessed for all years the city had levied a property tax. Tax statements were mailed to the present owners of land within this buffer strip in March 1973. These taxes 1 do not become delinquent until January 31, 1974. On December 18, 1972, Council voted to allow an exemption up to $6,000 those persons over 65. This will become effective with the 1973 tax levy. Ito Council further approved a contract between the City of Friendswood and the Friendswood Independent School District for a joint Taxing Department and Equalization Board. 1 Tax levies have been distributed to funds as follows : I General Fund Interest and Sinking Fund Year Total Percentage Percentage 1965 $1.00 0.58 0.42 II 1966 1.00 0.664 0.336 1967 1.00 0.58 0.42 1968 1.00 0.655 0.345 II 1969 1 .00 0.816 0.184 1970 1.00 0.61 0.39 1971 1.00 0.62 0.38 II 1972 0.90 0.85 0.15 1973 0.90 0.88 0.12 II SPECIAL TRUST FUNDS Federal Revenue Sharing went into effect in 1972 and added $36,865 .00 to II normal city revenues. None of these funds were spent during the 1972-73 fiscal year; however, $18,975.00 of these funds are committed to the city Street Program in the 1973-74 fiscal year. II City Sales Tax revenues continue to be committed equally between the Street Program and Parks and Recreation. II II WATER AND SEWER SYSTEM A comparative summary of income and expense for the years 1965 through 1973 is included in this report on page 57. IIThe City of Friendswood, by Ordinance #178, annexed the Sunmeadow Municipal Utility District and all assets, liabilities and reserves of the District were II transferred to the City on May 4, 1973. The District was in the development stage and construction contracts were still outstanding on the balance sheet date. Water and sewer connections as of September 30, 1973; 1972; 1971 and 1970 IIwere as follows: 9-30-73 9-30-72 9-30-71 9-30-70 I City Water 1,112 1,062 971 897 Sewer 1,070 1,020 932 853 II WDIC #21 Water 572 570 570 570 Sewer 571 569 568 567 II WCID #108 Sewer 539 306 ISunmeadow Water 135 II Sewer 127 Water and sewer billings are on a bi-monthly basis. Sewer charges are $3.00 monthly. Water rates for all users, residential and commercial, in effect during IIthe fiscal year ended September 30, 1973 were: First 6,000 gallons $7.00 Minimum I 6,000 to 10,000 gallons .75 per 1,000 gallons 10,000 to 20,000 gallons .50 per 1,000 gallons 20,000 to 40,000 gallons .40 per 1,000 gallons 40,000 to 100,000 gallons .30 per 1,000 gallons II 100,000 to 200,000 gallons .26 per 1,000 gallons 200,000 to 400,000 gallons .24 per 1,000 gallons All over 400,000 gallons .20 per 1,000 gallons IIWater and sewer rates will be adjusted effective January 1, 1974 with the following rates put into effect . 1 Water rates for apartments and mobile home parks Minimum charge of $5.00 x number of apartment units Number of units multiplied by 6,000 is covered by minimum charge IIAll over minimum will be billed at $0.40 per 1,000 gallons Sewage treatment rates were increased to $3.50 per month per 1 residence except for residences in WCID #108 Sewer charges for apartments and mobile home parks will be Two or more units on a common tap I First two units $7.00 each Three to ten units 6.00 each Eleven or more units 5 .00 each II 11 11 INTEREST AND SINKING FUNDS The current requirements of the Bond Orders governing the Interest and Sinking Funds on all series of bonds are being satisfied. BONDED INDEBTEDNESS Voters approved a $250,000 Sanitary Sewer System Revenue Bond issue and a $100,000 Drainage Improvement Bond issue at an election held August 13, 1973. These bonds had not been issued as of balance sheet date. OPINION In our opinion, the accompanying balance sheets and the related statements of revenues and expenses and fund equities present fairly the financial position of the City of Friendswood at September 30, 1973 and the results of operations for the year then ended in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Very truly yours, 1 • Heloise Brown Canter Certified Public Accountant 1 December 20, 1973 I 1 1 1 11 1 f I Exhibit A CITY OF FRIENDSWOOD, TEXAS GENERAL FUND BALANCE SHEET SEPTEMBER 30, 1973 ' ASSETS Current Assets Petty Cash $ 375.00 ' Cash in Banks 9,869.63 Accounts Receivable Garbage Collection 6,612.48 Miscellaneous 508.62 Due from Bond Fund 4,807.50 Due from Social Security Fund 1,904.41 Due from Special Trust Fund 18,708.77 Total Current Assets $ 42,786.41 Other Assets Taxes Receivable $ 8,669.74 Less : Reserve for Uncollected Taxes (8,669.74) Total Other Assets 0.00 Total Assets $ 42,786.41 1 LIABILITIES, RESERVES AND SURPLUS Current Liabilities Accounts Payable $ 2,650.63 Accrued Expenses 1,154.27 Contracts Payable (Street Program) 6,840.00 Due to Water and Sewer Fund 17,450.36 Total Current Liabilities $ 28,095.26 Surplus Unappropriated Surplus 14,691.15 Total Liabilities, Reserves and Surplus $ 42,786.41 i 1 11 1 1 1 Exhibit A-1 CITY OF FRIENDSWOOD, TEXAS 1 GENERAL FUND ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 1 Unappropriated Surplus - October 1, 1972 $ 38.94 1 Add Revenue Receipts 411,610.02 1 Reserve for Encumbrances - October 1, 1972 Library $ 1,610.67 Parks and Recreation 4,276.87 5,887.54 Sale of 1965 Ford Sedan 50.00 Total Balance and Additions $417,586.50 1 Deduct 1 Operating Expenses $321,717.43 Capital Outlay 76,901.05 1 Reserve for Encumbrances transferred to Special Trust Fund Parks and Recreation 4,276.87 1 Total Deductions $402,895.35 Unappropriated Surplus - September 30, 1973 $ 14,691.15 1 i 1 1 1 1 2 1 II Exhibit A-2 CITY OF FRIENDSWOOD, TEXAS II GENERAL FUND STATEMENT OF REVENUE RECEIPTS FOR THE YEAR ENDED SEPTEMBER 30, 1973 II Actual Budget IIAd Valorem Taxes Current Roll $242,645.35 1 Prior Rolls 1,311.17 Penalties and Interest 925.46 Tax Certificates 943.80 i Total $245,825.78 $209,304.00 Fines, Forfeitures and Fees Fines and Forfeitures $ 12,255.42 11,000.00 II Dog Tags and Pound Fees 330.00 400.00 Total $ 12,585.42 I Franchise and Gross Receipts Tax Community Public Service $ 16,636.92 Houston Natural Gas 2,833.06 I Southwestern Bell Telephone 5,669.00 Total $ 25,138.98 23,000.00 Inspection Permits and Licenses I Building Permits $ 14,061.44 Mobile Home Permits 3,126.00 Other Permits 30.00 I Electrical Licenses 2,199.65 Total $ 19,417.09 16,300.00 1 City Sales Tax Committed to Street Program $ 18,366.38 Committed to Recreation Program 15,245.53 Total $ 33,611.91 25,000.00 IISanitation $ 69,836.25 63,000.00 I Interest Earned $ 3,995.51 1,200.00 Miscellaneous Public Hearing Fees $ 720.00 IIMiscellaneous 479.08 Library 4,816.00 Transfer from Utility Fund 13,736.00 II Total $ 1,199.08 IIGrand Total $411,610.02 $367,756.00 1 3 1 Exhibit A-3 II CITY OF FRIENDSWOOD, TEXAS I GENERAL FUND STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS FOR THE YEAR ENDED SEPTEMBER 30, 1973 II Actual Budget General and Administrative II Personal Services Salaries $ 33,363.68 $ 33,148.00 Payroll Taxes 1,798.26 1,724.00 1 Group Insurance 587.12 900.00 Supplies Office 5,842.81 4,500.00 I Motor Vehicles 486.67 500.00 Miscellaneous 710.89 200.00 Contractual Services Professional 6,503.15 4,950.00 I Mayor and Council 149.74 800.00 Utilities 2,450.29 1,800.00 Training and Travel 698.53 700.00 1 Dues and Supscriptions 820.80 800.00 Elections 1,209. 90 300.00 Printing, Legal Notices 1,356.16 450.00 II Insurance and Bonds 2,236.41 11,000.00 Contribution - Other Agencies 536.52 225 .00 Maintenance - Equipment 1,055.72 1,125.00 Maintenance - Vehicles 95.88 75.00 ITotal General and Administrative Expenses $ 59,902.53 $ 63,197.00 1 Police Department Personal Services Salaries $ 68,625.13 $ 65,182.00 I Payroll Taxes 3,868.53 3,390.00 Group Insurance 1,531.61 1,260.00 Supplies II Motor Vehicles 3,231.07 2,000.00 Miscellaneous 1,799.24 2,000.00 Contractual Services II Utilities 1,102.24 1,100.00 Travel and Training 290.40 700.00 Dues and Subscriptions 30.00 20.00 Insurance 2,369.38 400.00 I Maintenance - Equipment 998.35 1,300.00 Maintenance - Vehicles 2,952.84 1,600.00 IITotal Police Department Expenses $ 86,798.79 $ 78,952.00 1 Streets and Drainage Personal Services Salaries $ 37,209.28 $ 26,288.00 II 4 II I STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS II - continued - Actual Budget 1 Payroll Taxes Group Insurance $ 2,056.99 315.00 689.59 600.00 Supplies 1 Motor Vehicles 4,824.70 16,707.19 2,200.00 Streets 9,500.00 Miscellaneous 2,326.64 600.00 Contractual Services II Utilities 6,830.78 7,300.00 Insurance 4,277.51 Maintenance - Equipment 797.24 2,000.00 II Maintenance - Vehicles 7,686.34 4,000.00 Rental - Uniforms and Equipment 2,956.11 2,600.00 IITotal Streets and Drainage Expenses $ 86,362.37 $ 55,403.00 Engineering 1 Personal Services Salaries $ 3,313.79 $ 3,276.00 Payroll Taxes 149.64 170.00 I Group Insurance 50.25 200.00 Supplies Motor Vehicles 60.00 Miscellaneous 63.28 65.00 11 Contractual Services Printing, Legal Notices 100.00 Maintenance - Equipment 75.00 IITotal Engineering Expenses $ 3,576.96 $ 3,946.00 IILibrary Personal Services Salaries $ 10,688.31 $ 10,508.00 I Payroll Taxes 609.12 546.00 Group Insurance 566.02 620.00 Supplies II Office 520.77 350.00 Miscellaneous 58.18 510.00 Contractual Services I Utilities 1,381.46 1,175.00 Travel and Training 414.04 343.00 Insurance 332.95 Maintenance- Equipment 278.27 700.00 II Rental - Uniforms and Equipment 2,016.31 1,440.00 Book Replacement and Repair 213.55 800.00 IITotal Library Expenses $ 17,078.98 $ 16,992.00 II 5 II II STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS II - continued - II Actual Budget Sanitation Personal Services I Salaries $ 20,626.71 $ 18,000.00 Payroll Taxes 1,181.12 936.00 Group Insurance 447.18 700.00 II Supplies Office 525.00 Motor Vehicles 5,337.96 1,300.00 Miscellaneous 196.97 50.00 II Contractual Services Professional 550.00 Utilities 200.00 II Printing, Legal Notices 50.00 Insurance and Bonds 1,190.13 1,367.00 Maintenance - Equipment 1,202.06 225.00 1 Maintenance - Vehicles 2,467.50 900.00 Rental - Uniforms and Equipment 758.32 1,300.00 Sanitary Land Fill 7,135.20 8,050.00 I Total Sanitation Department Expenses $ 40,543.15 $ 34,153.00 I Health, Welfare and Recreation Contractual Services Galveston County Mental Health $ 285.00 $ 285.00. II Galveston County Health Department 3,598.00 3,500.00 Mosquito Control 300.00 Civil Defense 32.16 500.00 Parks and Recreation 15,245.53 12,500.00 II Total Health, Welfare and Recreation Expenses $ 19,160.69 $ 17,085.00 II Fire Department Supplies I Motor Vehicles $ 917.86 $ 300.00 Contractual Services Utilities 251.91 350.00 Training and Travel 400.00 1 Dues and Subscriptions 128.98 200.00 Insurance 1,331.38 1,800.00 Maintenance - Equipment 1,860.87 1,800.00 1 Maintenance - Vehicles 506.78 2,000.00 Total Fire Department Expenses $ 4,997.78 $ 6,850.00 1 1 6 1 1 STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS 1 - continued - 1 Actual Budget Fire Marshall ' Supplies Office $ 129.67 $ 380.00 Motor Vehicles 3.30 200.00 Contractual Services Training and Travel 175.00 — 250.00 Dues and Subscriptions 35.00 65.00 Total Fire Marshall Expenses $ 342.97 $ 895.00 Municipal Court Supplies Office $ 7.43 $ 250.00 Contractual Services ' Professional 2,788.00 3,520.00 Training and Travel 36.70 240.00 Maintenance - Equipment 65.00 Total Municipal Court Expenses $ 2,832.13 $ 4,075.00 Boards and Commissions Planning Commission $ 121.08 $ 300.00 Drainage Board 200.00 Total Boards and Commissions Expenses $ 121.08 $ 500.00 1 Grand Total $321,717.43 $282,048.00 1 1 1 1 1 1 7 II Exhibit A-4 II I OF FRIENDSWOOD, TEXAS GENERAL FUND CAPITAL OUTLAY FOR THE YEAR ENDED SEPTEMBER 30, 1973 I Actual Budget II General and Administrative Office Equipment $ 803.53 $ 970.00 Motor Vehicles 1973 Dodge Coronet, Serial # WK41G3G140284 3,255.33 3,200.00 I Radio, Radar 750.00 Ordinance Codification 3,300.00 Total General and Administrative $ 4,058.86 $ 8,220.00 IPolice Department Motor Vehicles 1973 Dodge Coronet, Serial # WK41G3G140782 $ 3,209.83 $ 3,000.00 II Radios, Radar 2,469.00 4,154.00 Equipment 89.95 525 .00 Total Police Department $ 5,768.78 $ 7,679.00 IIStreets and Drainage Motor Vehicles $ 4,200.00 II MF 135 Diesel Tractor $ 4,072.80 82D2 Gorman Rupp Pump 277.28 Street Program 11,747.29 12,500.00 Participation 12,500.00 II Drainage Program 14,747.56 5,000.00 Total Streets and Drainage $ 30,844.93 $ 34,200.00 1 Library Office Equipment $ 989.15 $ 950.00 Books 3,089.07 3,000.00 IITotal Library $ 4,078.22 $ 3,950.00 Sanitation Motor Vehicles $ 23,625.00 II 1973 Ford Garbage Truck; Serial # N75EVR71023 with Heil Colectomatic, Serial #3F0130 $ 14,1.67.00 5 RLC 102H Containers 1,044.25 II 5 RLC 103H Containers 1,244.25 $Total Sanitation 16,455.50 $ 23,625.00 II Fire Department Motor Vehicles Sentry Modular Ambulance, Serial # TCY333S507818 $ 10,179.86 Radio Equipment for Ambulance 3,830.45 $ 3,800.00 I Fire Truck Equipment 1,684.45 2,500.00 Total Fire Department $ 15,694.76 $ 6,300.00 1 Municipal Court Office Equipment $ 270.00 Total Municipal Court $ 270.00 1 Grand Total $ 76,901.05 $ 84,244.00 8 i Exhibit B I CITY OF FRIENDSWOOD, TEXAS BOND FUND BALANCE SHEET SEPTEMBER 30, 1973 I ASSETS ' Current Assets Cash for Construction City Fire Department Building $101,474.20 Improvements to City Hall 50,737.10 ' Total Current Assets $152,211.30 11 Total Assets $152,211.30 LIABILITIES AND RESERVES Current Liabilities ' Due to General Fund $ 4,807.50 Total Current Liabilities $ 4,807.50 Reserves Reserve for Authorized Expenditures City Fire Department Building $ 98,474.20 Improvements to City Hall 48,929.60 Total Reserves 147,403.80 Total Liabilities and Reserves $152,211.30 I I I i 1 9 Exhibit B-1 I CITY OF FRIENDSWOOD, TEXAS BOND FUND ANALYSIS OF CHANGE IN AMOUNTS AVAILABLE FOR AUTHORIZED EXPENDITURES FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 Amount Available - October 1, 1972 $ 0.00 Receipts Sale of $150,000 General Obligation Bonds dated July 1, 1973 City Fire Department Building $100,000.00 Improvements to City Hall 50,000.00 Accrued Interest on Bonds 545.00 Interest Earned on Bond Funds 2,211.30 Total Receipts 152,756.30 Total to be Accounted For $152,756.30 Expenditure Disbursements Transfer to Interest and Sinking Fund $ 545.00 Fees - Fiscal Agent 4,500.00 Fee - Architect 307.50 Total Expenditure Disbursements 5,352.50 I Amount Available - September 30, 1973 $147,403.80 1 1 11 1 1 1 1 10 ' Exhibit C CITY OF FRIENDSWOOD, TEXAS INTEREST AND SINKING FUND - GENERAL BONDED DEBT BALANCE SHEET SEPTEMBER 30, 1973 ASSETS Current Assets Cash in Bank $ 545.00 Total Current Assets $ 545.00 Total Assets $ 545.00 LIABILITIES AND RESERVES Current Liabilities None $ 0.00 Reserves Reserve for Retirement of Sinking Fund Bonds 545.00 1 Total Liabilities and Reserves $ 545.00 1 I 1 1 11 1 Exhibit C-1 CITY OF FRIENDSWOOD, TEXAS 1 STATEMENT OF RECEIPTS AND DISBURSEMENTS INTEREST AND SINKING FUND - GENERAL BONDED DEBT FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 Cash Balance - October 1, 1972 $ 0.00 1 Receipts ' Accrued Interest on $150,000 City of Friendswood General Obligation Bonds dated July 1, 1973 Fire Station and Improvements to City Hall 545.00 Total to be Accounted For $ 545.00 Disbursements None 0.00 1 Cash Balance - September 30, 1973 $ 545.00 1 I 1 1 1 1 1 12 Exhibit D CITY OF FRIENDSWOOD, TEXAS e SPECIAL TRUST FUND BALANCE SHEET SEPTEMBER 30, 1973 ASSETS Current Assets e Cash in Bank $ 56,354.98 Accounts Receivable Office of the Secretary of Treasury 7,209.00 Total Current Assets $ 63,563.98 Total Assets $ 63,563.98 1 LIABILITIES, RESERVES AND FUND BALANCE ' Current Liabilities Due to General Fund $ 18,708.77 Total Current Liabilities $ 18,708.77 Reserves Reserve for Authorized Expenditures Revenue Sharing Funds 18,975.00 e Fund Balance City Sales Tax (Parks and Recreation) $ 7,397.72 Revenue Sharing 18,482.49 Total Fund Balance 25,880.21 Total Liabilities, Reserves and Fund Balance $ 63,563.98 13 Exhibit D-1 CITY OF FRIENDSWOOD, TEXAS ' SPECIAL TRUST FUND ANALYSIS OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED SEPTEMBER 30, 1973 City Sales Tax Fund e Parks and Recreation Revenue Receipts $ 18,366.38 Transfer of Encumbered City Sales Tax ' Funds from General Fund Total 4,276.87 $ 22,643.25 Transfer to General Fund for Authorized Expenditures 1972-73 15,245.53 Fund Balance - September 30, 1973 $ 7,397.72 ' Street Program Revenue Receipts $ 18,366.38 Total $ 18,366.38 ' Transfer to General Fund for Authorized Expenditures 1972-73 18,366.38 ' Fund Balance - September 30, 1973 $ 0.00 Revenue Sharing Fund ' Revenue Sharing Receipts $ 36,865.00 Interest Earned 592.49 Total $ 37,457.49 Committed to Street Program per Council Action June 4, 1973 18,975.00 Fund Balance - September 30, 1973 $ 18,482.49 1 I 14 1 Exhibit E 1 CITY OF FRIENDSWOOD, TEXAS 1 SOCIAL SECURITY FUND BALANCE SHEET SEPTEMBER 30, 1973 1 ASSETS Current Assets Cash in Bank $ 3,476.41 Total Current Assets $ 3,476.41 Total Assets 3,476.41 1 LIABILITIES AND RESERVES 1 Current Liabilities Due to General Fund $ 1,904.41 Total Current Liabilities $ 1,904.41 Reserves Social Security Fund Reserve 1,572.00 1 Total Liabilities and Reserves $ 3,476.41 1 1 1 1 1 ' 15 1 Exhibit F-1 CITY OF FRIENDSWOOD, TEXAS CITY WATER AND SEWER SYSTEM BALANCE SHEET SEPTEMBER 30, 1973 ASSETS 1 Current Assets Petty Cash $ 125.00 Cash in Bank 35,476.19 Accounts Receivable Water and Sewer Charges 12,952.24 Garbage Collection Charges 6,612.48 Due from General Fund 17,045 .36 Due from Annexed Water Districts 17,399.29 Utility Deposit 15.00 , Total Current Assets $ 89,625.56 I Utility Fixed Assets Schedule F-6 2,057,585.37 , Fund Accounts Water and Sewer System Construction Fund Cash in Bank $245 ,688.45 Deferred Charges (Engineering Fees) 19,455 .29 $ 265,143.74 Interest and Sinking Fund Cash in Bank $ 27,291.65 Taxes Receivable 2,102.46 29,394.11 Bond Reserve Fund Cash in Bank 30,722.40 Total Fund Accounts 325,260.25 11 11 1 Total Assets $2,472,471.18 16 ' II 1 II ILIABILITIES, RESERVES AND SURPLUS II Current Liabilities II Accounts Payable Garbage Collection Charges Due to General Fund $ 3,986.49 6,612.48 Accrued Expenses 510.15 11 Customers ' Meter Deposits Total Current Liabilities 3,670.00 $ 14,779.12 Fund Account Current Liabilities II Construction Fund Due to Federal Agencies (HUD) $ 19,455.29 Reserve for Authorized Expenditures 245,688.45 $ 265,143.74 II Interest and Sinking Fund Accrued Bond Interest Payable $ 6,238.80 Accrued Bond Principal 14,583.35 20,822.15 285,965 .89 II Bonds Payable Total Bonds Payable $1 ,392,000.00 Less : Accrued Principal Classified as II Current Liability Total Bonds Payable (Non-Current Portion) 14,583.35 1,377,416.65 II Reserves For Depreciation $ 232,148.88 For Retirement of Sinking Fund Bonds 53,877.71 Total Reserves 286,026.59 II Contributions By Land Owners $ 11 ,767.87 II By Federal Agencies Total Contributions 292,934.88 304,702.75 II Surplus Arising from Bonds Retired $ 104,000.00 Arising from Revenues of Maintenance and Operating Fund Invested in Fixed Assets 240,704.13 I Arising from Interest Earned on Bond Funds 16,178.49 $ 360,882.62 Unappropriated Surplus (157,302.44) IITotal Surplus 203,580.18 IITotal Liabilities, Reserves and Surplus $2,472,471.18 II 17 II IIExhibit F-2 CITY OF FRIENDSWOOD, TEXAS I ANNEXED WATER DISTRICT (WCID #21) SYSTEM BALANCE SHEET SEPTEMBER 30, 1973 II ASSETS 1 Current Assets Accounts Receivable Water and Sewer Charges $ 5,628.17 1 Total Current Assets $ 5,628.17 Utility Fixed Assets 11 Schedule F-7 612,450.63 Fund Accounts Interest and Sinking Fund II Cash in Bank $ 6,596.99 Taxes Receivable 21.78 Total Fund Accounts 6,618.77 IITotal Assets $624,697.57 II LIABILITIES, RESERVES AND SURPLUS I Current Liabilities Customers ' Meter Deposits $ 1,445.00 Due to City Water and Sewer System 13,847.31 IITotal Current Liabilities $ 15,292.31 Fund Account Current Liabilities 1 Interest and Sinking Fund Accrued Bond Interest Payable $ 4,833.33 Accrued Bond Principal 1,666.67 6,500.00 1 Bonds Payable Total Bonds Payable $580,000.00 Less : Accrued Liability Classified as 1 Current Liability 1,666.67 Total Bonds Payable (Non-Current Portion) 578,333.33 II Reserves For Depreciation $ 60,492.06 For Retirement of Sinking Fund Bonds 1,785.44 62,277.50 II Surplus Arising from Bonds Retired $ 20,000.00 Arising from Revenues of Maintenance and !I Operating Fund Invested in Fixed Assets 12,450.63 Unappropriated Surplus (70,156.20) (37,705.57) Total Liabilities, Reserves and Surplus $624,697.57 II 18 Exhibit F-3 CITY OF FRIENDSWOOD, TEXAS ANNEXED WATER DISTRICT (SUNMEADOW) SYSTEM BALANCE SHEET SEPTEMBER 30, 1973 ' ASSETS Current Assets Accounts Receivable Water and Sewer Charges $ 1,346.64 Due from General Fund 405.00 $ 1,751.64 11 Utility Fixed Assets Schedule F-7 1,800,000.00 Fund Accounts Water and Sewer Construction Fund Cash in Bank $ 225,495.50 Interest and Sinking Fund ' Cash in Bank $164,194.59 Taxes Receivable 5,469.31 Due from Construction Fund 40,000.00 209,663.90 435,159.40 Total Assets $2,236,911.04 1 LIABILITIES, RESERVES AND SURPLUS Current Liabilities Customers ' Meter Deposits $ 1,230.00 Due to City Water and Sewer System 3,551.98 $ 4,781.98 Fund Accounts Current Liabilities Construction Fund ' Due to Interest and Sinking Fund $ 40,000.00 Contracts Payable 50,175.27 Reserve for Authorized Expenditures 135,320.23 $ 225,495.50 Interest and Sinking Fund Accrued Bond Interest Payable 80,512.50 306,008.00 Bonds Payable 1,800,000.00 Reserves For Depreciation $ 10,934.83 For Retirement of Bonds 129,151.40 140,086.23 Surplus Unappropriated Surplus (13,965.17) Total Liabilities, Reserves and Surplus $2,236,911.04 19 Exhibit F-4 CITY OF FRIENDSWOOD, TEXAS WATER AND SEWER SYSTEMS ANALYSIS OF CHANGES IN SURPLUS FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 City Water Annexed Water Districts Total and Sewer WCID #21 Sunmeadow Balance - October 1, 1972 $ 149,091.74 $ 163,394.44 $ (14,302.70) I Additions Excess of Revenues over Operating Expenses (Exhibit F-5) $ 110,371.78 $ 104,651.28 $ 4,751.42 $ 969.08 Bonds Retired 35,000.00 25,000.00 10,000.00 Total Additions $ 145,371.78 $ 129,651.28 $ 14,751.42 $ 969.08 Total Balance and Additions $ 294,463.52 $ 293,045.72 $ 448.72 $ 969.08 II Deductions Transfer of Balance from Sunmeadow ' Municipal Utility District on May 4, 1973 $ 3,999.42 $ 3,999.42 Provision for Depreciation 64,818.66 $ 41,665 .54 $ 12,218.29 10,934.83 Transfer to Interest and Sinking Fund 67,736.00 41,800.00 25,936.00 Transfer to Bond Reserve Fund 6,000.00 6,000.00 Total Deductions $ 142,554.08 $ 89,465.54 $ 38,154.29 $ 14,934.25 I Balance - September 30, 1973 $ 151,909.44 $ 203,580.18 $ (37,705.57) $ (13,965.17) 11 11 1 20 II Exhibit F-5 II CITY OF FRIENDSWOOD, TEXAS 1 WATER AND SEWER SYSTEMS STATEMENT OF INCOME AND EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 Annexed Water Districts I City WCID #21 Sunmeadow Total System System System 1 Operating Revenues Water and Sewer Service Charges $ 213,433.54 $ 163,149.30 $ 42,862.98 $ 7,421.26 Sewer Treatment Charge - WCID #108 15,229.34 15,229.34 II Tap Fees 20,439.57 17,739.57 200.00 2,500.00 Reconnect Fees 4,585.52 2,888.50 1,511.10 185.92 Miscellaneous 590.86 551.27 39.59 Total Operating Revenues $ 254,278.83 $ 199,557.98 $ 44,613.67 $ 10,107.18 II Less: Operating Deductions 1 Personal Services Salaries and Wages $ 70,455 .18 Payroll Taxes 3,768.80 Group Hospitalization 1,577.79 II Supplies Office 1,016.46 Motor Vehicles 1,973.07 1 Miscellaneous 2,634.94 Contractual Services Water Mains, Valves 8,712.75 1 Water Treatment 3,810.39 Sewer Lines 6,984.26 Sewage Treatment 5 ,004.98 Water Taps 3,462.25 II Sewer Taps 1,114.51 Professional Fees 6,045.82 Utilities 16,338.00 1 Training and Travel 650.30 Dues and Subscriptions 45.00 Election Expense 125.00 II Printing and Legal Notices 4.32 Insurance and Bonds 2,313.62 Maintenance - Equipment 4,778.10 Maintenance - Vehicles 757.67 II Rental - Uniforms and Equipment 2,333.84 Total Operating Deductions $ 143,907.05 $ 94,906.70 $ 39,862.25 $ 9,138.10 II Income Available for Debt Service $ 110,371.78 $ 104,651.28 $ 4,751.42 $ 969.08 I II 21 1 Exhibit F-6 CITY OF FRIENDSWOOD, TEXAS 1 CITY WATER AND SEWER SYSTEM SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT SEPTEMBER 30, 1973 1 Balance Balance 1 10-1-72 Additions Deletions 9-30-73 Land $ 38,229.10 $ 38,229.10 1 Total Land $ 38,229.10 $ 38,229.10 Structures and Improvements II Water Plants $ 156,095.93 $ 3,836.73 $ 159,932.66 Water Distribution System 334,993.78 6,409.65 341,403.43 Sewage Collection System 965,502.94 30,099.18 995,602.12 Ground Storage Tank 71,416.61 71,416.61 1 Sewage Disposal Plants 406,075 .89 406,075 .89 Laboratory 7,054.44 7,054.44 Warehouse Building 6,225.00 6,225.00 ITotal Structures and Improvements $1,947,364.59 $1,987,710.15 Construction in Progress Total Construction in Progress $ 19,235.04 $ 19,235.04 $ 0.00 I Other Office Furniture and Equipment $ 5,388.88 $ 5,388.88 1 Machinery and Equipment 7,650.86 3,300.31 10,951.17 Radio Equipment 1,911.51 409.40 2,320.91 Tools 1,453.18 1,453.18 II Backhoe 6,200.00 6,200.00 Utility Pump 1,500.00 1,500.00 Sewer Cleaner 6,480.55 6,480.55 Miscellaneous 781.87 569.56 1,351.43 II $ 24,886.30 $ 35,646.12 Less : Bonds Matured Prior to Acquisition 4,000.00 4,000.00 IITotal Other $ 20,886.30 $ 31,646.12 IITotal Property, Plant and Equipment $2,025,715 .03 $ 51,105.38 $ 19,235.04 $2,057,585.37 Source of Funds IIFrom Bond Assumed $ 596,000.00 From General Obligation Bonds Issued 200,000.00 From Revenue Bonds Issued 700,000.00 II From Interest Earned on Bond Funds 16,178.49 From Maintenance and Operating Funds 240,704.13 From Contributions by Land Owners 11,767.87 IIFrom Federal Agencies 292,934.88 $2,057,585.37 II 22 II Exhibit F-7 II I CITY OF FRIENDSWOOD, TEXAS ANNEXED WATER DISTRICT SYSTEMS SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT SEPTEMBER 30, 1973 II I Balance Balance 10-1-72 Additions Deletions 9-30-73 WCID #21 SYSTEM IIStructures and Improvements Land, Water Well and Pumping 1 Facilities 67,212.41 $ 1,536.33 $ 109,814.02 68,748.74 Water Distribution 109,814.02 Sewage Collection System 230,517.87 230,517.87 IStorm Sewer Facilities 203,370.00 203,370.00 Total Property, Plant and Equipment $ 610,914.30 $ 1,536.33 $ 612,450.63 II I Source of Funds From Bonds Assumed $ 600,000.00 From Maintenance and Operating Account 12,450.63 II Total $ 612,450.63 II SUNMEADOW SYSTEM IILand $ 24,455.20 $ 24,455.20 Structures and Improvements I Water Plant 8,144.30 8,144.30 Water Distribution System 365,039.20 365,039.20 Sanitary Sewer Plant 243,975.45 243,975.45 I Sanitary Sewer Collection System 588,764.86 588,764.86 Drainage System 434,300.76 434,300.76 Available Funds for Future Construction 135,320.23 135,320.23 II Total Property, Plant and Equipment $1,800,000.00 $1,800,000.00 II Source of Funds IIFrom Bonds Assumed $1,800,000.00 II 23 1 Exhibit F-8 CITY OF FRIENDSWOOD, TEXAS WATER AND SEWER SYSTEM CONSTRUCTION FUND STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 1973 City Annexed System ' Total System Sunmeadow Cash in Bank - October 1, 1972 $241,946.60 $241,946.60 Cash Receipts ' Transfer from Sunmeadow Municipal Utility District Construction Fund 402,346.59 $402,346.59 Interest Earned 14,317.66 12,927.60 1,390.06 Total to be Accounted For $658,610.85 $254,874.20 $403,736.65 Cash Disbursements ' Construction Contracts M. M. Brown Construction Co. $155,178.27 $155,178.27 Edminister, Hinshaw & Associates 5 ,258.81 5,258.81 Audit Fee 3,323.71 3,323.71 ' Interest and Sinking Fund 9,271.31 9,271.31 SMUD Operating Fund 5 ,209.05 5,209.05 Engineering Fees during Preliminary Phase of Friendswood Waste Water Treatment System Project 9,185.75 $ 9,185.75 Total Cash Disbursements $187,426.90 $ 9,185.75 $178,241.15 Cash in Bank - September 30, 1973 $471,183.95 $245,688.45 $225,495.50 1 1 1 1 ' 24 1 Exhibit F-9 CITY OF FRIENDSWOOD, TEXAS STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS INTEREST AND SINKING FUND - WATER AND SEWER SYSTEM FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 CITY SYSTEM GENERAL COMBINATION OBLIGATION TAX & REVENUE TOTAL BONDS BONDS Cash Balance - October 1, 1972 $ 59,348.16 $ 26,746.36 $ 619.92 1 Receipts 1972 Tax Levy 15% - City $ 32,665.51 $ 28,775.55 $ 889.96 15% - WCID #21 10,154.26 100% - Sunmeadow 3,391.10 1971 and Prior Years ' Tax Levy 1,192.84 563.41 45.66 Penalties and Interest 671.83 224.26 7.19 Transfer from Water and Sewer Operating Fund 67,736.00 Transfer from Sunmeadow Municipal Utility District 155,851.07 Interest on Time Deposits 7,256.22 1,422.27 32.86 Total Receipts $278,918.83 $ 30,985.49 $ 975.67 Total to be Accounted For $338,266.99 $ 57,731.85 $ 1,595.59 1 Disbursements Debt Service Interest Paid $105,027.50 $ 31,227.50 $ 1,450.00 Bonds Retired 35 ,000.00 15,000.00 Fees 156.26 Total Disbursements $140,183.76 $ 46,227.50 $ 1,450.00 Cash Balance - September 30, 1973 $198,083.23 $ 11,504.35 $ 145.59 e 1 1 11 1 25 1 e 1 1 ANNEXED WATER DISTRICTS ' SUNMEADOW REVENUE MUNICIPAL BONDS WCID #21 UTILITY DISCTICT $ 25,319.15 $ 6,662.73 $ 3,000.00 10,154.26 $ 3,391.10 50.16 533.61 24.48 415.90 ' $ 41,800.00 25,936.00 155,851.07 1,445.06 353.12 4,002.91 $ 43,245.06 $ 39,518.02 $164,194.59 $ 68,564.21 $ 46,180.75 $164,194.59 ' $ 42,850.00 $ 29,500.00 10,000.00 10,000.00 72.50 83.76 $ 52,922.50 $ 39,583.76 $ 15,641.71 $ 6,596.99 $164,194.59 1 1 1 26 1 1 Exhibit F-10 1 CITY OF FRIENDSWOOD, TEXAS STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS BOND RESERVE FUND WATER AND SEWER SYSTEM FOR THE YEAR ENDED SEPTEMBER 30, 1973 1 1 City Water and Sewer System 1957 & 1958 1969 Revenue Total Series Series Cash Balance - October 1, 1972 $ 23,458.87 $ 6,426.38 $ 17,032.49 Receipts Interest Earned 1,263.53 315.44 948.09 Transfer from Water and Sewer Operating Fund 6,000.00 6,000.00 Total to be Accounted For $ 30,722.40 $ 6,741.82 $ 23,980.58 Disbursements None 1 Cash Balance - September 30, 1973 $ 30,722.40 $ 6,741.82 $ 23,980.58 1 1 1 1 1 1 1 ' 27 II Exhibit F-11 il CITY OF FRIENDSWOOD, TEXAS STATEMENT OF BOND MATURITIES AND INTEREST REQUIREMENTSII WATER AND SEWER SYSTEM ANNEXED 1 CITY SYSTEM WATER DISTRICTS GENERAL COMBINATION COMBINATION OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE FISCAL BOND BOND BOND BOND TOTAL BOND YEAR MATURITIES MATURITIES MATURITIES MATURITIES MATURITIES II 1973-1974 $ 15 ,000.00 $ 10,000.00 $ 10,000.00 $ 35,000.00 1974-1975 22,000.00 $ 1,000.00 10,000.00 25,000.00 58,000.00 II 1975-1976 23,000.00 6,000.00 15 ,000.00 35,000.00 79,000.00 1976-1977 16,000.00 15,000.00 40,000.00 71,000.00 1977-1978 21,000.00 2,000.00 15,000.00 45,000.00 83,000.00 1978-1979 21,000.00 6,000.00 15,000.00 45,000.00 87,000.00II 1979-1980 26,000.00 6,000.00 15,000.00 45,000.00 92,000.00 1980-1981 32,000.00 8,000.00 15,000.00 50,000.00 105 ,000.00 1981-1982 32,000.00 20,000.00 60,000.00 112,000.00 1982-1983 32,000.00 20,000.00 60,000.00 112,000.00 II 1983-1984 32,000.00 20,000.00 65 ,000.00 117,000.00 1984-1985 32,000.00 20,000.00 70,000.00 122,000.00 1985-1986 38,000.00 20,000.00 75,000.00 133,000.00 II 1986-1987 38,000.00 25,000.00 80,000.00 143,000.00 1987-1988 39,000.00 25,000.00 85,000.00 149,000.00 1988-1989 25,000.00 25,000.00 90,000.00 140,000.00II 1989-1990 25,000.00 30,000.00 95,000.00 150,000.00 1990-1991 25,000.00 30,000.00 100,000.00 155,000.00 1991-1992 24,000.00 35,000.00 115,000.00 174,000.00 1992-1993 20,000.00 35,000.00 120,000.00 175,000.00 II 1993-1994 35,000.00 125,000.00 160,000.00 1994-1995 30,000.00 40,000.00 135,000.00 205,000.00 1995-1996 30,000.00 40,000.00 145,000.00 215,000.00II 1996-1997 30,000.00 45,000.00 155,000.00 230,000.00 1997-1998 35,000.00 50,000.00 170,000.00 255,000.00 1998-1999 25,000.00 50,000.00 180,000.00 255,000.00II 1999-2000 160,000.00 160,000.00 Totals $ 688,000.00 $ 29,000.00 $ 675,000.00 $2,380,000.00 $3,772,000.00 II II 1 1 28 1 I 1 1 INTEREST ANNEXED CITY SYSTEM WATER DISTRICTS ITOTAL GENERAL COMBINATION COMBINATION TOTAL PRINCIPAL OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE BOND AND BONDS BONDS BONDS BONDS INTEREST INTEREST II $ 30,552.50 $ 1,450.00 $ 42,200.00 $ 190,025.00 $ 264,227.50 $ 299,227.50 I 29,747.50 28,795.00 1,425 .00 41,550.00 189,525.00 262,247.50 320,247.50 1,250.00 40,737.50 173,725 .00 244,507.50 323,507.50 28,000.00 1,100.00 39,762.50 157,075.00 225,937.50 296,937.50 27,255.00 1,050.00 38,787.50 154,200.00 221,292.50 304,292.50 1 26,362.50 850.00 37,812.50 150,900.00 215,925.00 302,925.00 25,322.50 550.00 36,837.50 147,600.00 210,310.00 302,310.00 24,026.25 200.00 35,862.50 144,300.00 204,388.75 309,388.75 1 22,598.75 21,171.25 34,725.00 140,575.00 197,898.75 190,771.25 309,898.75 33,425.00 136,175.00 302,771.25 19,743.75 32,125.00 131,775.00 183,643.75 300,643.75 18,316.25 30,825.00 126,950.00 176,091.25 298,091.25 II16,742.50 29,525.00 121,700.00 167,967.50 300,967.50 15,022.50 28,062.50 116,025.00 159,110.00 302,110.00 13,281.25 26,437.50 110,100.00 149,818.75 298,818.75 I 11,812.50 24,812.50 103,750.00 140,375.00 280,375.00 10,637.50 23,025.00 96,975.00 130,637.50 280,637.50 9,462.50 21,131.28 89,775.00 120,368.78 275,368.78 I 8,312.50 7,250.00 19,140.66 82,150.00 109,603.16 283,603.16 16,996.91 73,425.00 97,671.91 272,671.91 6,750.00 14,853.16 64,275 .00 85,878.16 245 ,878.16 6,075.00 12,556.29 54,700.00 73,331.29 278,331.29 II4,725.00 10,106.29 45,237.50 60,068.79 275,068.79 3,375.00 7,503.17 37,125.00' 48,003.17 278,003.17 1,912.50 4,593.80 28,437.50 34,943.80 289,943.80 1 562.50 1,531.30 18,925.00 21,018.80 276,018.80 9,925.00 9,925 .00 169,925.00 1 $ 417,812.50 $ 7,875.00 $ 684,925.36 $2,895.350.00 $4,005 ,962.86 $7,777,962.86 1 II I II 29 11 Exhibit F-12 CITY OF FRIENDSWOOD, TEXAS WATER AND SEWER SYSTEM BOND REQUIREMENTS COMPARED WITH ACTUAL SEPTEMBER 30, 1973 NEXT MATURITY ISSUE DATE PRINCIPAL INTEREST CITY WATER AND SEWER SYSTEM Galveston County WCID #15 Combination Revenue and Tax Bonds 3-1-74 $ 725.00 Series 1957 Galveston County WCID #15 Unlimited Tax Bonds Series 1962 3-1-74 3,375.00 Galveston County WCID #15 ' Unlimited Tax Bonds 3-1-74 2,870.00 Series 1963 3-1-74 $ 5,000.00 City of Friendswood, Texas Sewer Improvement Bonds 3-1-74 3,875.00 Series 1967 3-1-74 5,000.00 City of Friendswood, Texas General Obligation Refunding Bonds 3-1-74 5,325 .00 Series 1969 3-1-74 5 ,000.00 City of Friendswood, Texas Waterworks and Sanitary Sewer System 3-1-74 21,262.86 Revenue Bonds, Series 1969 3-1-74 10,000.00 Total City Water and Sewer System ANNEXED WATER DISTRICTS Galveston County WCID #21 Combined Tax and Revenue Bonds 2-1-74 $ 14,500.00 Series 1964 $ 10,000.00 Sunmeadow Municipal Utility District Waterworks and Sewer System Combination Tax and Revenue Bonds 10-1-73 80,512.50 Series 1970; 1970A ; 1972 Total Annexed Water Districts GRAND TOTAL *Payments to Reserve Fund began 1-10-70 at rate of $500.00 per month until Reserve Fund reaches $50,000.00. **Interest during Construction Period. 30 II I II ACCRUED INTEREST AND ACCRUED RESERVE II PRINCIPAL REQUIREMENT REQUIREMENT 9-30-73 9-30-73 COMPARISON 9-30-73 IIBASIS AMOUNT AMOUNT REQUIREMENT AVAILABLE II1/6 $ 120.83 $ 5,581.98 $ 5,702.81 $ 6,952.41 II 1/6 562.50 562.50 877.85 II 1/6 $ 478.33 7/12 2,916.67 1 $ 3,395.00 3,395.00 3,911.01 1/6 $ 645.83 1 7/12 2,916.67 $ 3,562.50 3,562.50 4,122.81 1/6 $ 887.50 II 7/12 2,916.67 $ 3,804.17 3,804.17 4,630.14 II 1/6 $ 3,543.81 7/12 5,833.34 $ 9,377.15 22,500.00* 31,877.15 39,622.29 I $ 20,822.15 $ 28,081.98 $ 48,904.13 $ 60,116.51 II 1/3 $ 4,833.33 1/6 1,666.67 I $ 6,500.00 $ 6,500.00 $ 6,618.77 II 6/6 $ 80,512.50 $ 64,125.00** 144,637.50 209,663.90 87,012.50 $ 64,125.00 $151,137.50 $216,282.67 Is $107,834.65 $ 92,206.98 $200,041.63 $276,399.18 II I 31 II 1 Exhibit G IICITY OF FRIENDSWOOD, TEXAS SCHEDULE OF GENERAL FIXED ASSETS AS OF SEPTEMBER 30, 1973 II Balance Balance 10-1-72 Additions Deletions 9-30-73 I City Hall Building $ 76,500.00 $ 76,500.00 General Administrative Equipment II File Cabinets $ 805.82 $ 281.71 $ 1,087.53 Furniture (Desks, Tables, Chairs) 3,240.09 3,240.09 Adding Machines, Calculators 1,152.55 99.50 1,252.05 ' Typewriters 1,124.66 1,124.66 Mimeograph and Stand 730.00 730.00 Sony Tape Recorder and Stand 307.30 307.30 I Apeco Roll-O-Matic Copier 1,227.45 1,227.45 Apeco Laminator 445.50 445.50 RCA Used Mobile Radio 400.00 400.00 Dictating Equipment 202.37 202.37 I Miscellaneous 498.45 219.95 718.40 1973 Dodge Coronet Automobile 3,255.33 3,255.33 Total General Administrative $ 9,931.82 $ 13,990.68 IPolice Department 1957 Chevrolet 1/2-Ton Pickup $ 120.00 $ 120.00 1970 Plymouth Police Car 2,893.60 2,893.60 II 1971 Dodge Polara Police Car 2,755.00 $ 2,755 .00 1973 Dodge Coronet Police Car 3,209.83 3,209.83 Radio, Radar Ewuipment 6,073.77 2,469.00 8,542.77 1 Miscellaneous Other Equipment 310.40 89.95 400.35 Office Furniture and Equipment1,132.82 1,132.82 Total Police Department $ 13,285.59 $ 16,299.37 IStreets and Bridges Street Program 11,747.29 $ 11,747.29 Street Signs $ 4,895.49 4,895.49 II Right-O-Way 9,971.50 9,971.50 Castlewood Bridge 5,100.71 5,100.71 Drainage Program 14,747.56 14,747.56 1 Equipment International Tractor with Mower 3,302.00 3,302.00 1967 Ford 2-Ton Dump Truck 3,979.32 3,979.32 I Used Caterpillar Grader 9,200.00 9,200.00 1968 Ford 1/2-Ton Pickup 1,822.00 1,822.00 Radio Equipment - Truck 840.53 840.53 Ferguson 2-3 Ton Roller 1,950.00 1,950.00 II Rotary Cutter 565 .00 565.00 Pneumatic Roller 500.00 500.00 Miscellaneous Equipment 917.37 277.28 1,194.65 I 1953 Studebaker Cargo Truck with 2,000 Gallon Water Tank 792.29 792.29 Used International Tractor 704.96 704.96 I 32 II SCHEDULE OF GENERAL FIXED ASSETS continued I Balance Balance 10-1-72 Additions Deletions 9-30-73 I Used Gradall $ 12,000.00 $ 12,000.00 1971 Ford 1/2-Ton Pickup 3,000.56 3,000.56 1964 International 3-Ton Dump Truck 2,405.50 2,405.50 1 Used International Tractor 77.30 77.30 MF135 Diesel Tractor 4,072.80 4,072.80 Equipment - Warehouse 650.84 650.84 IITotal Streets and Bridges $ 62,675.37 $ 93,520.30 Library II Library Site $ 7,838.00 $ 7,838.00 Library Building 124,498.95 124,498.95 Furniture and Equipment 9,961.88 989.15 10,951.03 Books 3,441.15 3,089.07 6,530.22 1 Total Library $145,739.98 $149,818.20 Civil Defense 1 Generators (6) $ 792.00 792.00 Semi-Van Type Trailer 300.00 300.00 Bell & Howell Film Projector 545.00 545.00 Civil Defense Antenna 81.20 81.20 IITotal Civil Defense $ 1,718.20 $ 1,718.20 Parks 1 Park Site (8.38 Acres) $ 30,524.52 $ 30,524.52 Park Site (10 Acres) 20,160.00 20,160.00 Total Parks $ 50,684.52 $ 50,684.52 1 Sanitation 1972 Ford Garbage Truck $ 14,539.86 $ 14,539.86 1973 Ford Garbage Truck 14,167.00 14,167.00 II Special Containers 7,990.00 2,288.50 10,278.50 Total Sanitation $ 22,529.86 $ 38,985.36 II Fire Department Sentry Modular Ambulance 10,179.86 $ 10,179.86 Radio Equipment for Ambulance 3,830.45 3,830.45 I Fire Truck Equipment 1,684.45 1,684.45 Total Fire Department $ 15,694.76 Other I 1965 Ford Sedan $ 2,487.42 2,487.42 1971 Dodge Polara 2,755.00 $ 2,755.00 Jail Bunks 492.49 492.49 II Dog Pound 3,374.15 3,374.15 Mosquito Control Equipment 482.21 482.21 Total Other $ 6,836.27 $ 7,103.85 I 33 I SCHEDULE OF GENERAL FIXED ASSETS - continued - IIBalance Balance 10-1-72 Additions Deletions 9-30-73 Total General Fixed Assets $389,901.61 $ 79,656.05 $ 5,242.42 $464,315.24 ' Source of Funds From Revenues Invested in Fixed Assets $183,906.96 From Contributions 72,040.77 From Federal Funds 110,867.51 From State Funds 50,000.00 From Moody Foundation 37,500.00 From Galveston County Funds 10,000.00 Total $464,315.24 1 1 I 1 I 1 34 II IIExhibit H CITY OF FRIENDSWOOD, TEXAS I STATEMENT OF BOND MATURITIES AND INTEREST REQUIREMENTS GENERAL BONDED DEBT II General Total Obligation Principal II Fiscal Bond Interest and Year Maturities Requirements Interest II1973-1974 $ 6,131.28 $ 6,131.28 1974-1975 8,175.00 8,175.00 1 1975-1976 $ 10,000.00 10,000.00 8,175.00 18,175.00 1976-1977 7,650.00 17,650.00 1977-1978 10,000.00 7,125.00 17,125.00 1978-1979 10,000.00 6,600.00 16,600.00 I 1979-1980 10,000.00 6,050.00 16,050.00 1980-1981 10,000.00 5,500.00 15,500.00 1981-1982 10,000.00 4,950.00 14,950.00 I 1982-1983 10,000.00 10,000.00 4,400.00 14,400.00 1983-1984 3,850.00 13,850.00 1984-1985 15,000.00 3,300.00 18,300.00 II 1985-1986 15,000.00 2,475.00 17,475.00 1986-1987 15 ,000.00 1,650.00 16,650.00 1987-1988 15,000.00 825.00 15,825.00 II Totals $150,000.00 $ 76,856.28 $226,856.28 I II 1 I II 1 1 I 35 II Statement 1 CITY OF FRIENDSWOOD, TEXAS COMBINED BALANCE SHEET - ALL FUNDSII SEPTEMBER 30, 1973 Combined II All General Bond Sinking Funds Fund Fund Fund II ASSETS AND OTHER DEBITS Assets - Other Than FixedII Petty Cash $ 500.00 $ 375.00 Cash in Bank 257,933.51 9,869.63 $152,211.30 $ 545.00 Taxes Receivable 8,669.74 8,669.74 Less: Reserve for Uncollected Taxes (8,669.74) (8,669.74) II Accounts Receivable 40,869.63 7,121.10 Due from Bond Fund 4,807.50 4,807.50 Due from Social Security Fund 1,904.41 1 ,904.41II Due from Special Trust Fund 18,708.77 18,708.77 Due from General Fund 17,450.36 Due from Annexed Water Districts 17,399.29II Utility Deposit 15.00 Fund Accounts Water and Sewer Construction Fund Cash in Bank 471,183.95 II Deferred Charges (Engineering Fees) 19,455.29 Interest and Sinking Fund Cash in Bank 198,083.23II Taxes Receivable 7,593.55 Due from Construction Fund 40,000.00 Bond Reserve Fund Cash in Bank 30,722.40 Total Assets - Other than Fixed $1,126,626.89 $ 42,786.41 $152,211.30 $ 545.00 Fixed Assets II Land $ 96,751.62 Structures and Improvements 4,537,556.11 Machinery and Equipment 150,376.28II Furniture, Fixtures, Office Equipment 14,347.00 Construction in Progress 135,320.23 Total Fixed Assets $4,934,351.24 11 Less: Allowance for Depreciation 303,575.77 Net Fixed Assets $4,630,775.47 Other Debits 11 Amount to be Provided for Retirement of Bonds $ 150,000.00 II Grand Total $5,907,402.36 $ 42,786.41 $152,211.30 $ 545.00 Exhibit A B C !I 36 Il 1 II 1 IISpecial Social City Annexed General General Trust Security Water and Sewer Water District Fixed Bonded Fund Fund Fund Fund Assets Debt. 1 I $ 125.00 $ 56,354.98 $ 3,476.41 35,476.19 II7 ,209.00 19,564.72 $ 6,974.81 I 17,045.36 405.00 I 17,399.29 15 .00 I 245,688.45 225,495.50 19,455 .29 I 27,291.65 2,102.46 170,791.58 5,491.09 40,000.00 I30,722.40 $ 63,563.98 $ 3,476.41 $ 414,885.81 $ 449,157.98 II $ 38,229.10 $ 58,522.52 1,987,710.15 $2,277,130.40 272,715.56 II 29,257.24 121 ,119.04 2,388.88 11,958.12 135,320.23 II $2,057,585.37 $2,412,450.63 $464,315.24 232,148.88 71,426.89 $1,825,436.49 $2,341,023.74 $464,315.24 II $150,000.00 1 $ 63,563.98 $ 3,476.41 $2,240,322.30 $2,790,181.72 $464,315.24 $150,000.00 ID E Fl F2 & 3 G H II 37 II II CITY OF FRIENDSWOOD, TEXAS COMBINED BALANCE SHEET - ALL FUNDS SEPTEMBER 30, 1973 Combined 1 All General Bond Sinking Funds Fund Fund Fund LIABILITIES, RESERVES AND SURPLUS II Liabilities - Other than Long-Term IIAccounts Payable $ 13,249.60 $ 2,650.63 Accrued Expenses 1,664.42 1,154.27 Contracts Payable 57,015.27 6,840.00 IICustomer's Meter Deposits 6,345.00 Due to Water and Sewer Fund 34,849.65 17,450.36 Due to General Fund 25,420.68 $ 4,807.50 I Due to Federal Agencies (HUD) 19,455.29 Due to Interest and Sinking Fund 40,000.00 Accrued Bond Interest Payable 91,584.63 Accrued Bond Principal 16,250.02 II Total Liabilities - Other than Long-Term $ 305,834.56 $ 28,095.26 $ 4,807.50 Long-Term Liabilities 1 Total Bonds Payable $3,922,000.00 Less: Accrued Principal Classified as Current Liability 16,250.02II Total Long-Term Liabilities $3,905,749.98 Other Credits II Reserve for Authorized Expenditures Construction $ 547,387.48 $147,403.80 Reserve for Retirement of Sinking Fund Bonds 185,359.55 $ 545.00 II Social Security Fund Balance 1,572.00 Revenue Sharing Fund Balance 18,482.49 City Sales Tax Fund Balance 7,397.72 II Contributions By Land Owners 11,767.87 By Federal Agencies 403,802.39 Total Other Credits $1,175,769.50 $147,403.80 $ 545.00 !I Surplus Arising from Bonds Retired $ 124,000.0011 Arising from Revenue Invested in Fixed Assets 453,240.21 Arising from Contributions 169,540.77 il Unappropriated Surplus (226,732.66) $ 14,691.15 Total Surplus $ 520,048.32 $ 14,691.15 II Grand Total $5,907,402.36 $ 42,786.41 $152,211.30 $ 545.00 Exhibit A B CII 38 1 II 1 I Special Social City Annexed General General Trust Security Water and Sewer Water District Fixed Bonded Fund Fund Fund Fund Assets Debt II I $ 10,598.97 510.15 Is3,670.00 50,175.27 2,675.00 17,399.29 $ 18,708.77 $ 1,904.41 1 19,455.29 40,000.00 6,238.80 85,345.83 I 14,583.35 1,666.67 $ 18,708.77 $ 1,904.41 $ 55,056.56 $ 197,262.06 II $1,392,000.00 $2,380,000.00 $150,000.00 ' 14,583.35 1,666.67 $1,377,416.65 $2,378,333.33 $150,000.00 II18 975 .00 245 688.45 $ 135 320.23 I 53,877.71 130,936.84 $ 1,572.00 18,482.49 I 7,397.72 11,767.87 II 292,934.88 $110,867.51 $ 44,855.21 $ 1,572.00 $ 604,268.91 $ 266,257.07 $110,867.51 I $ 104,000.00 $ 20,000.00 256,882.62 12,450.63 $183,906.96 I 169,540.77 (157,302.44) (84,121.37) $ 203,580.18 $ (51,670.74) $353,447.73 II $ 63,563.98 $ 3,476.41 $2,240,322.30 $2,790,181.72 $464,315.24 $150,000.00 IID E Fl 39 F2 & 3 G H II Statement 2 II IICITY OF FRIENDSWOOD, TEXAS COMPARISON OF BUDGET WITH RECEIPTS AND DISBURSEMENTS GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 1973 I IActual Budget Receipts I Ad Valorem Taxes $245,825 .78 $209,304.00 Fines, Forfeitures and Fees 12,585.42 11,400.00 Franchise and Gross Receipts Tax 25,138.98 23,000.00 ' Inspection Permits and Licenses 19,417.09 16,300.00 City Sales Tax 33,611.91 25,000.00 Sanitation 69,836.25 63,000.00 I Interest Earned 3,995.51 1,200.00 Miscellaneous 1,199.08 Library 4,816.00 Transfer from Utility Fund 13,736.00 II Total Receipts $411,610.02 $367,756.00 II Operating Expenses General and Administrative $ 59,902.53 $ 63,197.00 Police Department 86,798.79 78,952.00 Streets and Drainage 86,362.37 55,403.00 IIEngineering 3,576.96 3,946.00 Library 17,078.98 16,992.00 Sanitation 40,543.15 34,153.00 I Health, Welfare and Recreation 19,160.69 17,085.00 Fire Department 4,997.78 6,850.00 Fire Marshall 342.97 895.00 I Municipal Court 2,832.13 4,075.00 Boards and Commissions 121 .08 500.00 Total Operating Expenses $321,717.43 $282,048.00 I Excess Receipts over Operating Expenses $ 89,892.59 $ 85,708.00 ICapital Outlay 76,901.05 84,244.00 II Balance of Excess Funds $ 12,991.54 $ 1,464.00 II II I 40 1 Statement 3 II CITY OF FRIENDSWOOD, TEXAS I COMPARISON OF BUDGET WITH ACTUAL INCOME AND DISBURSEMENTS WATER AND SEWER SYSTEMS FOR THE YEAR ENDED SEPTEMBER 30, 1973 II Actual Budget II Income Revenue - Water and Sewer Service Charges $213,433.54 $194,200.00 Sewer Treatment Charge - WCID #108 15,229.34 11,952.00 I Tap Fees 20,439.57 21,000.00 Reconnect Fees 4,585 .52 220.00 Interest on Investments 5,000.00 I Miscellaneous 590.86 100.00 Total Income $254,278.83 $232,472.00 Operating Expenses I Salaries and Wages $ 70,455.18 $ 65,289.00 Payroll Taxes 3,768.80 3,395.00 Group Hospitalization 1,577.79 1,300.00 I Supplies - Office 1,016.46 3,100.00 Supplies - Motor Vehicles 1,973.07 900.00 Supplies - Miscellaneous 2,634.94 765.00 I Water Mains, Valves 8,712.75 2,000.00 Water Treatment 3,810.39 2,000.00 Sewer Lines 6,984.26 3,500.00 Sewage Treatment 5,004.98 5,500.00 I Water Taps 3,462.25 10,000.00 Sewer Taps 1,114.51 5,000.00 Professional Fees 6,045 .82 3,000.00 I Utilities 16,338.00 13,550.00 Training and Travel 650.30 300.00 Dues and Subscriptions 45.00 25.00 Election Expense 125.00 300.00 II Printing and Legal Notices 4.32 400.00 Insurance and Bonds 2,313.62 1,800.00 Maintenance - Equipment 4,778.10 2,325.00 I Maintenance - Vehicles 757.67 800.00 Rental - Uniforms and Equipment 2,333.84 Total Operating Expenses $143,907.05 $125,249.00 IIncome Available for Debt Service $110,371.78 $107,223.00 Other Disbursements II Capital Outlay $ 33,406.67 $ 24,600.00 Transfer to Interest and Sinking Fund 54,000.00 52,850.00 Transfer to Bond Reserve Fund 6,000.00 6,000.00 1 Transfer for Debt Service 13,736.00 13,736.00 Total Other Disbursements $107,142.67 $ 97,186.00 I Excess Income over Disbursements $ 3,229.11 $ 10,037.00 I 41 II IIStatement 4 CITY OF FRIENDSWOOD, TEXAS II STATEMENT OF BONDS PAYABLE SEPTEMBER 30, 1973 IAmount Maturity of Interest Bonds IIName of Issue Issue Date Rate Amount Outstanding GENERAL BONDS I City of Friendswood, Texas General Obligation Bonds dated July 1, 1973 $ 150,000 $ 150,000.00 1 4-1-76 5.25% $ 10,000 4-1-77 5.25 10,000 4-1-78 5.25 10,000 1 4-1-79 5.50 10,000 4-1-80 5.50 10,000 4-1-81 5 .50 10,000 4-1-82 5.50 10,000 I 4-1-83 5.50 10,000 4-1-84 5 .50 10,000 4-1-85 5 .50 15,000 I 4-1-86 5.50 15,000 4-1-87 5.50 15,000 4-1-88 5.50 15,000 IITotal General Bonds $ 150,000.00 II UTILITY BONDS City Water and Sewer System IIGalveston County Water Control & Improvement District #15 I Unlimited Tax Bonds dated October 1, 1962 Bonds assumed under City Ordinance #51A as of 12-1-64 $ 150,000 $ 150,000.00 I3-1-95 4.50% $ 30,000 Bonds are optional on March 1, 3-1-96 4.50 30,000 1981 or on any interest payment 3-1-97 4.50 30,000 I date thereafter at par and accrued 3-1-98 4.50 35,000 interest. 3-1-99 4.50 25,000 I Galveston County Water Control & Improvement District #15 Unlimited Tax Bonds dated ' October 1, 1963 Bonds assumed under City Ordinance #51A as of 12-1-64 $ 175,000 140,000.00 I 42 II II STATEMENT OF BONDS PAYABLE I - continued - IBonds Maturing March 1, 1982 and 3-1-74 3.50% $ 5,000 thereafter, are redeemable in whole 3-1-75 3.50 5,000 IIor in part, in inverse numerical 3-1-76 3.50 6,000 order, on March 1, 1981 or any 3-1-77 3.50 6,000 interest payment date thereafter 3-1-78 3.50 6,000 at par and accrued interest . 3-1-79 4.25 6,000 II 3-1-80 4.25 6,000 3-1-81 4.25 7,000 3-1-82 4.25 7,000 II 3-1-83 4.25 7,000 3-1-84 4.25 7,000 3-1-85 4.25 7,000 3-1-86 4.25 8,000 II 3-1-87 4.25 8,000 3-1-88 4.25 9,000 3-1-89 4.25 10,000 I 3-1-90 4.25 10,000 3-1-91 4.25 10,000 3-1-92 4.25 10,000 IICity of Friendswood, Texas Sewer Improvement Bonds II dated March 1, 1967 $ 200,000 $ 185,000.00 3-1-74 5.00% 5,000 Bonds Maturing March 1, 1983 3-1-75 4.10 10,000 I and thereafter, are optional 3-1-76 4.10 10,000 in whole or in part, on March 1, 3-1-77 4.10 10,000 1982 or any interest payment date 3-1-78 4.10 10,000 thereafter at par and accrued 3-1-79 4.10 10,000 II interest. 3-1-80 4.10 10,000 3-1-81 4.20 15,000 3-1-82 4.20 15,000 I 3-1-83 4.20 15,000 3-1-84 4.20 15,000 3-1-85 4.20 15,000 I 3-1-86 4.20 15,000 3-1-87 4.20 15 ,000 3-1-88 4.20 15,000 IICity of Friendswood, Texas General Obligation Refunding Bonds 1 dated March 1, 1969 $ 257,000 213,000.00 3-1-74 5 .00% 5,000 Bonds Maturing March 1, 1985 3-1-75 5.00 7,000 IIand thereafter, are optional 3-1-76 5.00 7,000 in whole or in part, on March 1, 3-1-78 5.00 5,000 1984 or any interest payment 3-1-79 5 .00 5,000 date thereafter at par and accrued 3-1-80 5.00 10,000 I interest. 43 3-1-81 5.00 10,000 II STATEMENT OF BONDS PAYABLE continued II3-1-82 5.00% $ 10,000 3-1-83 5.00 10,000 I 3-1-84 5 .00 10,000 3-1-85 5 .00 10,000 3-1-86 5 .00 15 ,000 3-1-87 5 .00 15,000 II 3-1-88 5.00 15,000 3-1-89 5.00 15,000 3-1-90 5.00 15,000 I 3-1-91 5.00 15,000 3-1-92 5.00 14,000 3-1-93 5.00 20,000 1 Total City Water and Sewer System General Obligation Bonds $ 688,000.00 I Galveston County Water Control & Improvement District #15 Combination Revenue and Unlimited II Tax Bonds dated July 1, 1957 Bonds assumed under City Ordinance #51A as of 12-1-64 $ 246,000 $ 29,000.00 3-1-75 5.00% $ 1,000 II Bonds Maturing March 1, 1976 and 3-1-76 5.00 6,000 thereafter, are redeemable in whole 3-1-78 5.00 2,000 or in part in inverse numerical 3-1-79 5.00 6,000 I order, on March 1, 1975 or any 3-1-80 5.00 6,000 interest payment date thereafter 3-1-81 5.00 8,000 at par and accrued interest. IITotal City Water and Sewer System Combination Tax and Revenue Bond $ 29,000.00 II City of Friendswood, Texas Waterworks and Sanitary Sewer System Revenue Bonds I dated May 1, 1969 $ 700,000 $ 675,000.00 3-1-74 6.50% $ 10,000 Bonds Maturing March 1, 1988 3-1-75 6.50 10,000 I and thereafter, are redeemable 3-1-76 6.50 15,000 in whole or in part, in inverse 3-1-77 6.50 15,000 numerical order, on March 1, 1987 3-1-78 6.50 15,000 or any interest payment date 3-1-79 6.50 15,000 II thereafter at par and accrued 3-1-80 6.50 15,000 interest . 3-1-81 6.50 15,000 3-1-82 6.50 20,000 1 3-1-83 6.50 20,000 3-1-84 6.50 20,000 3-1-85 6.50 20,000 3-1-86 6.50 20,000 II44 3-1-87 6.50 25,000 II STATEMENT OF BONDS PAYABLE IIcontinued II3-1-88 6.50% $ 25,000 3-1-89 6.50 25,000 I 3-1-90 6.50 30,000 3-1-91 6.125 30,000 3-1-92 6.125 35,000 3-1-93 6.125 35,000 II 3-1-94 6.125 35,000 3-1-95 6.125 40,000 3-1-96 6.125 40,000 I 3-1-97 6.125 45,000 3-1-98 6.125 50,000 3-1-99 6.125 50,000 I Total City Water and Sewer System Revenue Bonds $ 675,000.00 I Total Utility Bonds - City Water and Sewer System $1,392,000.00 II UTILITY BONDS Annexed Water Districts IIGalveston County Water Control & Improvement District #21 Waterworks and Sewer System II Combination Tax and Revenue Bonds dated November 1, 1964 Bonds assumed under City Ordinance II #117 as of 11-18-68 and approved by Board of Directors of Galveston County WCID #21 at its final II meeting on 4-3-69 $ 600,000 $ 580,000.00 8-1-74 5.00% $ 10,000 Bonds Maturing August 1, 1980 8-1-75 5 .00 10,000 and thereafter are redeemable in 8-1-76 5 .00 10,000 I whole or in part , in inverse 8-1-77 5.00 15,000 numerical order on August 1, 1979, 8-1-78 5.00 15,000 or any interest date thereafter 8-1-79 5.00 15,000 I at the following redemption prices 8-1-80 5.00 15,000 and accrued interest : 8-1-81 5.00 15,000 on 8-1-79 @ 103 % 8-1-82 5.00 20,000 I 2-1-80 or 8-1-80 @ 102i% 8 20,0001-83 5.00 20,000 2-1-81 or 8-1-81 @ 102 8-1-84 5.00 2-1-82 or 8-1-82 @ 101 % 8-1-85 5 .00 20,000 2-1-83 or 8-1-83 @ 101 % 8-1-86 5.00 20,000 I 2-1-84 or 8-1-84 @ 100i% 8-1-87 5.00 25,000 2-1-85 or any interest payment 8-1-88 5.00 25,000 date thereafter at par and 8-1-89 5.00 25,000 I accrued interest . 8-1-90 5.00 25,000 45 1 1 STATEMENT OF BONDS PAYABLE continued II8-1-91 5.00% $ 25,000 8-1-92 5.00 30,000 18-1-93 5.00 30,000 8-1-94 5.00 30,000 8-1-95 5.00 30,000 8-1-96 5.00 30,000 II 8-1-97 5 .00 30,000 8-1-98 5 .00 35,000 8-1-99 5.00 35,000 II Sunmeadow Municipal Utility District Waterworks and Sewer System II Combination Tax and Revenue Refunding Bonds, Series 1970 Bonds assumed under City Ordinance I #178 as of February 5, 1973 and approved by the Board of Directors of Sunmeadow Municipal Utility I District at its final meeting on May 4, 1973. $ 600,000 $ 600,000.00 4-1-75 8.50% $ 15,000 Bonds maturing April 1, 1986 4-1-76 8.50 25,000 II and thereafter are redeemable 4-1-77 8.50 25,000 in whole or in part in inverse 4-1-78 8.50 30,000 numerical order on April 1, 1985 4-1-79 8.50 30,000 I or on any interest payment date 4-1-80 8.50 30,000 thereafter at par plus accrued 4-1-81 8.50 35,000 interest. 4-1-82 8.50 40,000 14-1-83 8.50 40,000 4-1-84 8.50 45,000 4-1-85 8.50 50,000 4-1-86 8.50 55,000 14-1-87 8.50 55,000 4-1-88 8.50 60,000 4-1-89 8.50 65,000 1 Sunmeadow Municipal Utility District II Waterworks and Sewer System Combination Tax and Revenue Bonds Series 1970 A Bonds assumed under City Ordinance 1 #178 as of February 4, 1973 and approved by the Board of Directors of Sunmeadow Municipal Utility District at its final meeting on II May 4, 1973 $1,200,000 540,000.00 4-1-90 8.50% $ 70,000 4-1-91 8.50 75,000 1 46 II II • STATEMENT OF BONDS PAYABLE - continued - II Bonds are redeemable in whole or 4-1-92 8.50% $ 85,000 in part in inverse numberical order 4-1-93 8.50 90,000 II on April 1, 1985 or on any interest 4-1-94 8.50 95,000 payment date thereafter at par 4-1-95 8.50 70,000 plus accrued interest . 4-1-2000 8.50 55,000 II Sunmeadow Municipal Utility District Waterworks and Sewer System II Combination Tax and Revenue Refunding Bonds, Series 1972 Bonds assumed under City Ordinance II #178 as of February 4, 1973 and approved by the Board of Directors of Sunmeadow Municipal Utility District at its final meeting on II May 4, 1973 $ 660,000 $ 660,000.00 4-1-95 5.75%* $ 35 ,000 Bonds are redeemable in whole 4-1-96 5.75* 115,000 II or in part in inverse numerical 4-1-97 5.75* 125,000 order on April 1, 1985 or on 4-1-98 5.75* 135 ,000 any interest payment date 4-1-99 5.00* 145,000 I thereafter at par plus accrued 4-1-2000 5.00* 105,000 interest . 1 *Bonds bear additional interest at the rate of 4.25% per annum from January 1, 1973 to October 1, I 1975. Additional interest is evidenced by supplemental coupons attached to the bonds with first I coupon due April 1, 1973 and semi-annually thereafter. IITotal Annexed Water Districts Combination Tax and Revenue Bonds $2,380,000.00 ITotal Utility Bonds $3,772,000.00 IITotal Funded Debt Outstanding $3,922,000.00 II II 47 I Statement 5 II CITY OF FRIENDSWOOD, TEXAS 1 SCHEDULE OF INSURANCE IN FORCE OCTOBER 1, 1973 II Aetna Insurance Company I Bond Number 61S22939 Term May 16, 1973 to May 16, 1974 Kind Public Official Bond I Premium $50.00 Person Covered James C. Morgan Amount of Coverage $10,000 11 Bond Number 61S5979 BC Term April 25, 1973 to April 25, 1974 Kind Tax Assessor - Collector's Bond I Premium $50.00 Persons Covered Lawrence Bryan Cline Amount of Coverage $10,000 II Royal Indemnity Company Bond Number 47-55-71 II Term October 1, 1973 to October 1, 1974 Kind Honesty Blanket Bond Coverage Premium $85.00 I Persons Covered City Employees Amount of Coverage $10,000 IIWestern Surety Company Bond Number 1245469 Term January 1, 1973 to January 1, 1974 II Kind Plumbing Inspector Bond Premium $5.00 Persons Covered Kenneth R. Toon II Amount of Coverage $1,000 1 American and Foreign Insurance Company (Royal Globe) Policy Number ALU 93 22 93 Term October 1, 1973 to October 1, 1974 I Kind Comprehensive General Liability Insurance Premium $4,247.00 (Estimated) Coverage Bodily Injury Liability I $300,000 each occurrence 300,000 aggregate Property Damage Liability $ 5,000 each occurrence II25,000 aggregate II 48 1 SCHEDULE OF INSURANCE IN FORCE t - continued - IIAmerican and Foreign Insurance Company ' Policy Number Term ACS 12 33 03 October 1, 1973 to October 1, 1974 Kind Workmen's Compensation and Employer's Liability Premium $5,464.00 (Estimated) Persons Covered Waterworks Operation; Sewage Disposal Plant Operations; Street and Road Construction; Municipal, County or State Employees engaged in manual labor or supervisors of construction work; Clerical Office Employees; Policemen; Garbage Collecting including drivers. ' Bodily Injury $100,000 each employee 100,000 each accident Royal Indemnity Company Policy Number RLU 93 22 53 Term October 1, 1973 to October 1, 1974 Kind Comprehensive Automobile Liability Insurance Premium $3,751.00 Amount of Coverage Bodily Injury Liability 1968 Ford 1/2 Ton Pickup Truck 1968 Ford 1/2 Ton Pickup Truck 1966 Ford 1 Ton Stake Truck 1967 Ford 1 1/2 Ton Dump Truck 1971 Dodge Polara 1953 Studebaker Red 2 1/2 Ton Truck ' 1971 Ford 1/2 Ton Pickup Truck 1971 Ford 1/2 Ton Pickup Truck 1964 International Dump Truck 1800 1957 Chevrolet 1/2 Ton Pickup Truck ' 1972 Ford 2 Ton Garbage Truck 1973 Dodge Coronet 1973 Ford 2 Ton Garbage Truck $100,000 each person 300,000 each occurrence 1970 Plymouth Fury (Police Car) ' 1973 Dodge Coronet (Police Car) 1973 GMC Ambulance $ 10,000 each person 20,000 each occurrence ' Property Damage Liability 1968 Ford 1/2 Ton Pickup Truck 1968 Ford 1/2 Ton Pickup Truck 1966 Ford 1 Ton Stake Truck 1967 Ford 1 1/2 Ton Dump Truck 1971 Dodge Polara ' 1953 Studebaker Red 2 1/2 Ton Truck 49 1 1 SCHEDULE OF INSURANCE IN FORCE - continued - II 1971 Ford 1/2 Ton Pickup Truck ' 1971 Ford 1/2 Ton Pickup Truck 1964 International Dump Truck 1800 1957 Chevrolet 1/2 Ton Pickup Truck ' 1972 Ford 2 Ton Garbage Truck 1973 Dodge Coronet 1973 Ford 2 Ton Garbage Truck $ 10,000 each occurrence 1970 Plymouth Fury (Police Car) 1973 Dodge Coronet (Police Car) 1973 GMC Ambulance ' $ 5,000 each occurrence Uninsured Motorists $ 10,000 each person ' 20,000 each accident Physical Damage All automobiles listed above except 1953 Studebaker Truck and 1957 Chevrolet ' 1/2 Ton Pickup Truck Collision - $100 Deductible Fire, Theft and Combined Additional Coverage ' All automobiles listed above except 1953 Studebaker Truck and 1957 Chevrolet 1/2 Ton Pickup Truck - Actual Cash Value Limitation of Use ' All vehicle coverage (Liability, Collision, etc.) limited to a 50 mile radius with the exception of 11 1971 Dodge Polara 1953 Studebaker 2 1/2 Ton Pickup Truck 1970 Plymouth Fury (Police Car) ' 1957 Chevrolet 1/2 Ton Pickup Truck 1973 Dodge Coronet 1973 Dodge Coronet (Police Car) 1973 GMC Ambulance 1 Royal Indemnity Company Policy Number RQS 24 16 78 Term October 1, 1973 to October 1, 1974 Kind Contractor 's Equipment Coverage - All Risk Form ' Premium $462.00 - Coverage 1) Gradall Model 2460 Deductible $320 ($ 16,000) 2) Massey Front-End Loader ($ 3,600) Deductible - $100 ' 50 1 I SCHEDULE OF INSURANCE IN FORCE - continued - II 3) Huber Caterpillar Grader ($ 9,200) Deductible - $100 4) Ferguson 2-Ton Tandem Roller ($ 2,000) Deductible - $100 Royal Indemnity Company Policy Number RKF 97 92 69 ' Term Kind January 5, 1973 to January 5, 1974 Fire, Lightning, Extended Coverage, Vandalism and Malicious Mischief Premium $288.00 Amount of Coverage 1) $125,000 (80% co-insurance) Library Building at 416 N. Morningside ' Drive, Friendswood, Texas 2) $ 25,000 (80% co-insurance) Contents Library Building ' Aetna Casualty and Surety Company Binder issued in the amount of $155,000 covering Fire, Extended Coverage, Vandalism and Malicious Mischief on the following described property. 1) City Hall $ 55,000 ' 2) All Steel Water Tank and Tower 45,000 3) Chlorination Building 500 4) Outside Electrical Panel 500 5) Outside Site Improvements 4,000 6) Water Station, Lift Station and Sewer Plant at Sunmeadow 50,000 ' $155,000 Aetna Life Insurance Policy Number Group Contracts EL-103965, EC-103965, GM-103965 . Effective Date April 1, 1973 Kind Group Life Insurance; Basic plus Major Medical Plan Persons Covered All Employees ' Coverage Life Insurance $ 5,000 Term Life Insurance 5,000 Accidental Death and Dismemberment Comprehensive Medical - Convalescent Benefits t Hospital Board and Room Expenses (Semi- Private) 1 51 1 11 SCHEDULE OF INSURANCE IN FORCE - continued - 1 ' 100% of first $4,000 expenses in a calendar year, then 80% Other Medical Expenses 80% of these expenses in a calendar year after the deductible. (Deductible - $100) Maximum Benefit (Lifetime) $250,000 ' 52 11 Statement 6 II CITY OF FRIENDSWOOD, TEXAS TAX LEVIES AND TAX COLLECTIONSII 1964 1973 Collection Percent of Supplementary Net Current Year's Levy Collected 11 Taxes Tax and Tax Taxes During During Assessed Levy Cancellations Levy Period Fiscal Year II CITY 10-1-64 $ 31,798.80 $ 1,427.44 $ 33,226.24 $ 31,739.78 95.52% II 10-1-65 82,315.91 (26.35) 82,289.56 80,673.58 98.04 10-1-66 104,556.50 (282.09) 104,274.41 102,369.64 98.16 10-1-67 115,269.60 (1,116.10) 114,153.50 111,705.50 97.85 II 10-1-68 124,642.17 216.30 124,858.47 121,333.47 97.17 10-1-69 138,766.64 460.20 139,226.84 134,987.31 96.95 10-1-70 155,224.03 (145.58) 155,078.45 151,078.17 97.42 10-1-71 170,148.30 830.90 170,979.20 169,539.90 99.16II 10-1-72 220,721.42 4,986.17 225,707.59 217,770.03 96.48 10-1-73 245,569.51 245,569.51 N/A II WCID #21 II 10-1-68 $ 47,249.77 $ 39.50 $ 47,289.27 $ 47,007.57 99.40% 10-1-69 55,643.06 (411.00) 55,232.06 55,227.56 99.99 10-1-70 60,930.78 (147.40) 60,783.38 60,783.38 100.00II 10-1-71 60,869.60 60,869.60 60,737.60 99.78 10-1-72 67,975 .92 (135.66) 67,840.26 67,695.09 99.78 10-1-73 68,141.90 68,141.90 N/A 1 SUNMEADOW11 10-1-70 $ 9,351.19 $ 144.38 $ 9,495.57 $ 8,376.25 88.21% 10-1-71 19,825 .04 74.79 19,899.83 14,172.30 71.22II 10-1-72 41,614.97 (823.27) 40,791.70 35,929.30 88.08 10-1-73 58,765.84 58,765.84 N/A 1 1 1 II 53 II 1 II II IIRatio of Delinquent Due to Total Total Collections Taxes General Interest and ' Collections to Tax Levy 9-30-73 Fund Sinking Fund Is 33,226.24 100.00% $ 0.00 82,289.56 100.00 0.00 104,090.41 99.82 184.00 $ 122.16 $ 61.84 I 113,956.90 99.82 196.60 114.00 82.60 124,520.07 99.72 338.40 221.63 116.77 138,654.54 99.58 572.30 466.97 105.33 154,509.70 99.63 568.75 346.92 221.83' 170,128.00 99.50 851.20 527.74 323.46 217,770.03 96.48 7,937.56 6,746.93 1,190.63 I II $ 47,289.27 100.00% $ 0.00 55,232.06 100.00 0.00 I 60,783.38 100.00 0.00 60,869.60 100.00 0.00 67,695.09 99.78 145.17 $ 123.39 $ 21.78 II II $ 9,433.07 99.34% $ 62.50 $ 62.50 II 19,355.42 97.26 544.41 544.41 35,929.30 88.08 4,862.40 4,862.40 IITotals $ 8,669.74 $ 7,593.55 II II II I 54 11 Statement 7 II CITY OF FRIENDSWOOD, TEXAS GENERAL FUND REVENUES OTHER THAN PROPERTY TAXES11 1964 - 1973 II Fiscal Fines Franchise and Licenses City Year and Gross Receipts and Sanitation Sales Ending Fees Taxes Permits Revenue TaxII 12-31-64 $ 4,238.00 $ 3,878.38 $ 9,046.97 12-31-65 4,427.00 5,192.19 3,907.48II 12 31 66 3,501.50 6,944.87 3,640.34 12-31-67 3,568.50 8,357.39 11,796.89 9-30-68* 2,249.00 8,240.98 14,677.31 9-30-69 3,278.50 14,408.95 14,539.49 II 9-30-70 5,821.50 16,390.77 8,884.61 9-30-71 12,385.25 19,041.96 14,679.85 $ 15,096.55 9-30-72 15,310.94 21,655 .49 18,727.47 $ 11,513.30 26,365.43II 9-30-73 12,585.42 25,138.98 19,417.09 69,836.25 33,611.91 II *9 Months i Statement 8 GENERAL FUND EXPENDITURES FOR SELECTED FUNCTIONSII 1964 - 1973 Operating II Fiscal General and Streets Year Administration Police and Fire Ending Expenses Department Drainage Library Department II 12-31-64 $ 8,585.09 $ 5 ,051.30 $ 1,350.45 12-31-65 15,882.57 9,589.83 13,486.99 $ 1,267.67 12-31-66 16,555 .46 11,167.29 16,661.59 $ 1,000.00 5,247.95II 12-31-67 23,564.32 12,210.38 27,694.10 1,850.00 8,435.10 9-30-68* 17,216.15 13,162.66 31,074.20 3,290.00 9,478.17 9-30-69 35,030.89 23,242.05 50,086.82 4,511.86 5,363.66 11 9-30-70 36,521.97 32,861.86 69,557.39 9,927.66 9,333.35 9-30-71 40,539.56 48,429.83 86,960.85 14,765.00 15,993.76 9-30-72 64,725.40 65,103.99 75,168.06 15,484.38 10,285.64 9-30-73 59,902.53 86,798.79 86,362.37 17,078.98 4,997.78II *9 Months II II 5511 1 II 1 IPenalties Interest and Interest Earned on Delinquent 1 Surplus Funds Taxes Other $ 88.35 Is 410.23 269.13 $ 156.54 217.44 391.02 683.46 706.28 584.09 1,035.63 I 82.31 289.83 990.68 1,119.90 1,100.29 1,034.67 2,837.05 735.78 687.01 2,893.84 1,347.82 1,325.88 II 2,642.72 909.10 907.76 3,995.51 925.46 2,142.88 II II II I Expenses Health, Miscellaneous Welfare and Planning and Capital I Recreation Sanitation Study Program Other Outlay $ 275.00 $ 1,622.63 8,436.56 I 712.50 $ 1,500.00 15,007.29 1,020.00 3,425.00 5 1,317.72 17,876.87 765 .00 4,121.00 5.00 6,851.04 I 2,283.74 2,000.00 156.10 62,024.65 4,134.43 689.67 68,814.80 7,839.46 3,800.00 3,001.24 25,198.29 13,451.62 $ 4,940.06 16,120.46 25,711.76 II19,160.69 40,543.15 121.08 6,752.06 75,290.38 II II II 56 NM S S S M E E I M MO M MN ® S S ® ® 111111 Mill Statement 9 CITY OF FRIENDSWOOD, TEXAS WATER AND SEWER SYSTEM REVENUE AND OPERATING EXPENSES 1965 - 1973 Fiscal City Water and Sewer System Annexed Water and Sewer Systems Year Operating Available for Operating Available for Ending Revenues Expenses Debt Service Revenues Expenses Debt Service 12-31-65 $ 69,806.57 $ 53,499.36 $ 16,307.21 12-31-66 77,685.37 68,909.76 8,775 .61 12-31-67 119,324.16 80,860.76 38,463.40 9-30-68* 93,482.67 66,814.51 26,668.16 $ 31,412.72** $ 17,653.85** $ 13,758.87** cn 9-30-69 122,187.42 60,783.73 61,403.69 57,240.93 42,361.93 14,879.00 9-30-70 131,883.41 62,953.37 68,930.04 38,438.08 34,204.21 4,233.87 9-30-71 152,901.74 66,593.84 86,307.90 39,573.96 33,781.33 5,792.63 9-30-72 174,985.53 72,327.68 102,657.85 42,306.88 29,024.85 13,282.03 9-30-73 199,557.98 94,906.70 104,651.28 54,720.85 49,000.35 5,720.50 * 9 Months ** Per agreement with WCID #21 wherein City operated Water and Sewer System of Galveston County WCID #21 and city received all income from district system and in turn paid to the district a sufficient amount to pay their bond requirements.