HomeMy WebLinkAbout1973 09 30 Financial Report - City of Friendswood I
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CITY OF FRIENDSWOOD, TEXAS
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FINANCIAL REPORT
FOR THE TWELVE MONTHS ENDED
SEPTEMBER 30, 1973
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ELECTED OFFICIALS
' MAYOR
Ralph L. Lowe
' CITY 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
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109 Willowick
Friendswood, Texas
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TABLE OF CONTENTS
II
Schedule
I
Reference Page
Letter of Transmittal
II
GENERAL FUND
Balance Sheet A 1
II Analysis of Changes in Unappropriated Surplus A-1 2
Statement of Revenue Receipts A-2 3
Statement of Operating Expenses Compared with
II Budget Appropriations A-3 4 - 7
Capital Outlay A-4 8
IIBOND FUND
Balance Sheet B 9
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Analysis of Changes in Amount Available for
Authorized Expenditures B-1 10
II
INTEREST AND SINKING FUND - GENERAL BONDED DEBT
Balance Sheet C 11
II
Statement of Cash Receipts and Disbursements C-1 12
II 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
II
WATER AND SEWER SYSTEMS
Balance Sheet
II City Water and Sewer System F-1 16 & 17
Annexed Water and Sewer Systems
Galveston County WCID #21 F-2 18
1 Sunmeadow Municipal Utility District
AnalysisF-3 19
of Changes in Unappropriated Surplus F-4 20
Statement of Income and Expenses F-5 21
Schedule of Property, Plant and Equipment
I City Water and Sewer System F-6 22
Annexed Water Districts System F-7 23
Statement of Cash Receipts and Disbursements
II
Construction Fund F-8 24
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1 Schedule
Reference Page
1 Statements of Cash Receipts and Disbursements
Interest and Sinking Fund F-9 25 & 26
Bond Reserve Fund F-10 27
1 Statement of Bond Maturities and Interest Requirements F-11 28 & 29
Bond Requirements Compared with Actual F-12 30 & 31
1 GENERAL FIXED ASSETS
Schedule on General Fixed Assets G 32 - 34
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GENERAL BONDED DEBT
1 Statement of Bond Maturities and Interest Requirements H 35
IISUPPLEMENTAL STATEMENTS
Combined Balance Sheet - All Funds 1 36 - 39
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Comparison of Budget with Actual Receipts
and Disbursements - General Fund 2 40
Comparison of Budget with Actual Income and
1 Expenses - Water and Sewer System 3 41
Statement of Bonds Payable 4 42 - 47
Schedule of Insurance in Force 5 48 - 52
ilSTATISTICAL STATEMENTS
1 Tax Levies and Tax Collections 1964 - 1973 6 53 & 54
General Fund Revenues Other Than Property
Taxes 1964 - 1973 7 55 & 56
1 General Fund Expenditures for Selected
Functions 1964 - 1973 8 55 & 56
Water and Sewer System Revenues and Operating
Expenses 1965 - 1973 9 57
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I HELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
HOUSTON, TEXAS 77002
I
IHonorable 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
I 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
I 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,
I1973 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.
I 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.
I Following is a comparative statement of receipts and disbursements for the
years ended September 30, 1973 and September 30, 1972.
I 9-30-73YEAR ENDED
9-30-72
Receipts
Taxes, Penalties and Interest $245,825 .78 $147,288.86 I
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
I 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
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YEAR ENDED
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9-30-73 9-30-72
Expenditures
Operating Expenses $321,717.43 $265,279.61
1 Capital Outlay 76,901.05
$398,618.48 25 ,711.76
Total $290,.991.37
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Excess of Receipts over Expenditures $ 12,991.54 $(48,780.31)
TAXES
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The 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
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$100 assessed valuation. A schedule on tax levies and collections thereon
is included in this report on pages 53 and 54.
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City Ordinance #12, passed by City Council on April 23, 1962, annexed
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
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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
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do not become delinquent until January 31, 1974.
On December 18, 1972, Council voted to allow an exemption up to $6,000
Ito those persons over 65. This will become effective with the 1973 tax levy.
Council further approved a contract between the City of Friendswood and the
Friendswood Independent School District for a joint Taxing Department and
Equalization Board.
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Tax levies have been distributed to funds as follows :
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General Fund Interest and Sinking Fund
Year Total Percentage Percentage
II 1965 $1.00 0.58 0.42
1966 1.00 0.664 0.336
1967 1.00 0.58 0.42
1968 1.00 0.655 0.345
I 1969 1.00 0.816 0.184
1970 1.00 0.61 0.39
1971 1.00 0.62 0.38
1 1972 0.90
0.85 0.15
1973 0.90 0.88 0.12
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SPECIAL TRUST FUNDS
Federal Revenue Sharing went into effect in 1972 and added $36,865.00 to
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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.
ICity Sales Tax revenues continue to be committed equally between the Street
Program and Parks and Recreation.
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IWATER AND SEWER SYSTEM
A comparative summary of income and expense for the years 1965 through 1973
is included in this report on page 57.
IThe City of Friendswood, by Ordinance #178, annexed the Sunmeadow Municipal
Utility District and all assets, liabilities and reserves of the District were
I 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
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City
Water 1,112 1,062 971 897
Sewer 1,070 1,020 932 853
IWDIC #21
Water 572 570 570 570
Sewer 571 569 568 567
IIWCID #108
Sewer 539 306
II Sunmeadow
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
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the fiscal year ended September 30, 1973 were:
First 6,000 gallons $7.00 Minimum
II 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
II100,000 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 .
IIWater 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
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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
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First two units $7.00 each
Three to ten units 6.00 each
Eleven or more units 5 .00 each
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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,
cC2 LL: i(
' Heloise Brown Canter
Certified Public Accountant
' December 20, 1973
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Exhibit A
CITY OF FRIENDSWOOD, TEXAS
' GENERAL FUND
BALANCE SHEET
SEPTEMBER 30, 1973
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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
' 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
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Exhibit A-1
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CITY OF FRIENDSWOOD, TEXAS
' GENERAL FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
FOR THE YEAR ENDED SEPTEMBER 30, 1973
11 Unappropriated Surplus - October 1, 1972 $ 38.94
I Add
Revenue Receipts 411,610.02
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
Deduct
' Operating Expenses $321,717.43
Capital Outlay 76,901.05
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
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Exhibit A-2
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CITY OF FRIENDSWOOD, TEXAS
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GENERAL FUND
STATEMENT OF REVENUE RECEIPTS
FOR THE YEAR ENDED SEPTEMBER 30, 1973
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Actual Budget
IAd Valorem Taxes
Current Roll $242,645.35/
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Prior Rolls 1,311.17
Penalties and Interest 925.46
Tax Certificates 943.80
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Total $245,825.78 $209,304.00
Fines, Forfeitures and Fees
Fines and Forfeitures $ 12,255.42 11,000.00
I Dog Tags and Pound Fees 330.00 400.00
Total $ 12,585.421
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Franchise and Gross Receipts Tax
Community Public Service $ 16,636.92
Houston Natural Gas 2,833,06
Southwestern Bell Telephone 5,669.00
IITotal $ 25,138.98/ 23,000.00
Inspection Permits and Licenses
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Building Permits $ 14,061.44
Mobile Home Permits 3,126.00
Other Permits 30.00
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Electrical Licenses 2,199.65
Total $ 19,417.09/ 16,300.00
City Sales Tax
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Committed to Street Program $ 18 366.38
Committed to Recreation Program 15,245.53
Total $ 33,611.91 / 25,000.00
ISanitation $ 69,836.25 63,000.00
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Interest Earned $ 3,995.51 (' 1,200.00
Miscellaneous
Public Hearing Fees $ 720.00
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Miscellaneous 479.08
Library 4,816.00
Transfer from Utility Fund 13,736.00
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Total $ 1,199.08
11 Grand Total $411,610.02 $367,756.00
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Exhibit A-3
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CITY OF FRIENDSWOOD, TEXAS
1 GENERAL FUND
STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS
FOR THE YEAR ENDED SEPTEMBER 30, 1973
II Actual Budget
General and Administrative
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Personal Services
Salaries $ 33,363.68 $ 33,148.00
Payroll Taxes 1,798.26 1,724.00
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Group Insurance 587.12 900.00
Supplies
Office 5,842.81 4,500.00
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Motor Vehicles 486.67 500.00
Miscellaneous 710.89 200.00
Contractual Services
Professional 6,503.15 4,950.00
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Mayor and Council 149.74 800.00
Utilities 2,450.29 1,800.00
Training and Travel 698.53 700.00
II Dues and Supscriptions 820.80 800.00
Elections 1,209. 90 300.00
Printing, Legal Notices 1,356.16 450.00
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
II Police Department
Personal Services
Salaries $ 68,625.13 $ 65,182.00
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Payroll Taxes 3,868.53 3,390.00
Group Insurance 1,531.61 1,260.00
Supplies
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Motor Vehicles 3,231.07 2,000.00
Miscellaneous 1,799.24 2,000.00
Contractual Services
1 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
II 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
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IISTATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS
II
- continued -
Actual Budget
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Payroll Taxes Group Insurance $ 2,056.99 $ 315.00
689.59 600.00
Supplies
11 Motor Vehicles 4,824.70 2,200.00
Streets 16,707.19 9,500.00
Miscellaneous 2,326.64 600.00
Contractual Services
I Utilities 6,830.78 7,300.00
Insurance 4,277.51
Maintenance - Equipment 797.24 2,000.00
I Maintenance - Vehicles 7,686.34 4,000.00
Rental - Uniforms and Equipment 2,956.11 2,600.00
Total Streets and Drainage Expenses $ 86,362.37/ $ 55,403.00
II
Engineering
1 Personal Services
Salaries $ 3,313.79 $ 3,276.00
Payroll Taxes 149.64 170.00
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Group Insurance 50.25 200.00
Supplies
Motor Vehicles 60.00
Miscellaneous 63.28 65.00
II 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
II 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
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Utilities 1,381.46 1,175.00
Travel and Training 414.04 343.00
Insurance 332.95
Maintenance- Equipment 278.27 700.00
1 Rental - Uniforms and Equipment 2,016.31 1,440.00
Book Replacement and Repair 213.55 800.00
1 Total Library Expenses $ 17,078.98/ $ 16,992.00
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STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS
continued -
Actual Budget
-- Sanitation
Personal Services
Guluri*a � 80,626.71 $ 18,080,00
N� � l8l 12 936'00
m� Payroll Taxes ' ^
4�? l8 700.00
Group Insurance .
Supplies
N� 525.00
Office 3U0.O0 5,337.96 l
Motnr Vehicles ,
9? 5O'0O
Miscellaneous lSG.
N� Contractual Services
N� 550.00
Professional _
200.00
Utilities
50.00
Printing, Legal Notices ^
N� l l�O l3 l 3G7 00
m� Insurance and Bonds , ' ^ '
Maintenance - Equipment 1,202.06 225.00
Maintenance - Vehicles 2,467.50 900'U0
N� Rental - Uniforms and Equipment 758.32 1,300,00
m� Sanitary Land Fill ?,l35 .80 8,050.00
Total Sanitation Department Expenses $ 40,543.l5r $ 34,153.00
Health, Welfare and Recreation
Contractual Services
Galveston County Mental Health � �85 .Um/ � 2&5.O0�
Galveston County Health Department �,5S8,0�� 3,500.0O
' 3OV 0O
N�
N� Mosquito Control // ^32 lG^ 50O.U0
Civil Defense
Parks and Recreation l5,245.53~/ l3,5UO.O0
N� Total Health, Welfare and Recreation DxDeuoea $ 19,180.69. ' 7,085.00
Fire Department
Supplies
Motor Vehicles $ 917.86 $ 300.00
N� Contractual Services
N� 25191 350.00
Utilities ,
400.00
Training and Travel
^
,OOS0 2OO
Dues and Subscriptions 128.98
N� 1,331.38 1,800.00
n� Insurance
Maintenance - Equipment 1,060'87 1,800.00
Maintenance - Vehicles 506,78 2,000.00
m� Total Fire Department Expenses $ 4,997'70/ $ 6,850.00
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STATEMENT OF OPERATING EXPENDITURES COMPARED WITH BUDGET APPROPRIATIONS
- continued -
1 Actual Budget
Fire Marshall
Supplies
' Office Motor Vehicles $ 129.67 $ 380.00
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
1 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
Grand Total $321,717.43 $282,048.00
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Exhibit A-4
CITY OF FRIENDSWOOD, TEXAS
II
GENERAL FUND
CAPITAL OUTLAY
FOR THE YEAR ENDED SEPTEMBER 30, 1973
II
Actual Budget
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General and Administrative
Office Equipment $ 803.53 $ 970.00
Motor Vehicles
1973 Dodge Coronet, Serial # WK41G3G140284 3,255.33 3,200.00
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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 1
Radios, Radar 2,469.00 4,154.00
Equipment 89.95 525.00
Total Police Department $ 5,768.78 $ 7,679.00
IStreets and Drainage
Motor Vehicles $ 4,200.00
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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
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Library
Office Equipment $ 989.15 $ 950.00
Books 3,089.07 3,000.00
IITotal Library $ 4,078.221 $ 3,950.00
Sanitation
Motor Vehicles $ 23,625.00
II 1973 Ford Garbage Truck; Serial # N75EVR71023
with Heil Colectomatic, Serial #3F0130 $ 14,167.00
5 RLC 102H Containers 1,044.25
I S RLC 103H Containers 1,244.25
$ 1 Total Sanitation 6,455.50 ✓ $ 23,625.00
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Fire Department
Motor Vehicles
Sentry Modular Ambulance, Serial # TCY333S507818 $ 10,179.86
Radio Equipment for Ambulance 3,830.45 $ 3,800.00
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Fire Truck Equipment 1,684.45 2,500.00
Total Fire Department $ 15,694.76i $ 6,300.00
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Municipal Court
Office Equipment $ 270.00
Total Municipal Court $ 270.00
Grand Total $ 76,901.05 $ 84,244.00
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Exhibit B
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CITY OF FRIENDSWOOD, TEXAS
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BOND FUND
BALANCE SHEET
SEPTEMBER 30, 1973
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
Total Assets $152,211.30
LIABILITIES AND RESERVES
Current Liabilities
' Due to General Fund $ 4,807.50
Total Current Liabilities $ 4,807.50
11 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
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Exhibit B-1
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CITY OF FRIENDSWOOD, TEXAS
BOND FUND
ANALYSIS OF CHANGE IN AMOUNTS AVAILABLE
FOR AUTHORIZED EXPENDITURES
FOR THE YEAR ENDED SEPTEMBER 30, 1973
' 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
1 Fees - Fiscal Agent 4,500.00
Fee - Architect 307.50
Total Expenditure Disbursements 5,352.50
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Amount Available - September 30, 1973 $147,403.80
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' Exhibit C
CITY OF FRIENDSWOOD, TEXAS
INTEREST AND SINKING FUND - GENERAL BONDED DEBT
BALANCE SHEET
SEPTEMBER 30, 1973
1
' ASSETS
Current Assets
Cash in Bank $ 545.00
' Total Current Assets $ 545.00
Total Assets $ 545.00
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' LIABILITIES AND RESERVES
Current Liabilities
None $ 0.00
' Reserves
Reserve for Retirement of Sinking
Fund Bonds 545.00
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Total Liabilities and Reserves $ 545.00
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Exhibit C-1
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CITY OF FRIENDSWOOD, TEXAS
' STATEMENT OF RECEIPTS AND DISBURSEMENTS
INTEREST AND SINKING FUND - GENERAL BONDED DEBT
FOR THE YEAR ENDED SEPTEMBER 30, 1973
I
Cash Balance - October 1, 1972 $ 0.00
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
Cash Balance - September 30, 1973 $ 545.00
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Exhibit D
CITY OF FRIENDSWOOD, TEXAS
SPECIAL TRUST FUND
BALANCE SHEET
SEPTEMBER 30, 1973
ASSETS
Current Assets
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
' 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
' Fund Balance
City Sales Tax (Parks and Recreation) $ 7,397.72
Revenue Sharing 18,482.49
Total Fund Balance 25,880.21
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Total Liabilities, Reserves and Fund Balance $ 63,563.98
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Exhibit D-1
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CITY OF FRIENDSWOOD, TEXAS
' SPECIAL TRUST FUND
ANALYSIS OF CHANGES IN FUND BALANCE
FOR THE YEAR ENDED SEPTEMBER 30, 1973
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City Sales Tax Fund
Parks and Recreation
Revenue Receipts $ 18,366.38
Transfer of Encumbered City Sales Tax
Funds from General Fund 4,276.87
Total $ 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
1
1 14
Exhibit E
CITY OF FRIENDSWOOD, TEXAS
SOCIAL SECURITY FUND
BALANCE SHEET
SEPTEMBER 30, 1973
11
ASSETS
11 Current Assets
Cash in Bank $ 3,476.41
Total Current Assets $ 3,476.41
Total Assets $ 3,476.41
LIABILITIES AND RESERVES
Current Liabilities
Due to General Fund $ 1,904.41
Total Current Liabilities $ 1,904.41
Reserves
Social Security Fund Reserve 1,572.00
Total Liabilities and Reserves $ 3,476.41
15
11
Exhibit F-1
CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1973
ASSETS
I
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
1
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 1
Cash in Bank 30,722.40
Total Fund Accounts 325,260.25 II
I
1
11
Total Assets $2,472,471.18
16
II
I
II
LIABILITIES RESERVES AND SURPLUS
II
Current Liabilities
I
Accounts Payable $ 3,986.49
Garbage Collection Charges Due to General Fund 6,612.48
Accrued Expenses 510.15
1 Customers ' Meter Deposits 3,670.00
Total Current Liabilities $ 14,779.12
Fund Account Current Liabilities
I
Construction Fund
Due to Federal Agencies (HUD) $ 19,455.29
Reserve for Authorized Expenditures 245,688.45 $ 265,143.74
I
Interest and Sinking Fund
Accrued Bond Interest Payable $ 6,238.80
Accrued Bond Principal 14,583.35 20,822.15 285,965.89
I
Bonds Payable
Total Bonds Payable $1,392,000.00
Less : Accrued Principal Classified as
II Current Liability 14,583.35
Total Bonds Payable (Non-Current Portion) 1,377,416.65
1 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
1 By Federal Agencies 292,934.88
Total Contributions 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
II Arising from Interest Earned on Bond Funds 16,178.49
$ 360,882.62
Unappropriated Surplus (157,302.44)
IITotal Surplus 203,580.18
11 Total Liabilities, Reserves and Surplus $2,472,471.18
17
II
IIExhibit F-2
CITY OF FRIENDSWOOD, TEXAS
I
ANNEXED WATER DISTRICT (WCID #21) SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1973
I
ASSETS
I
Current Assets
Accounts Receivable
Water and Sewer Charges $ 5,628.17
IITotal Current Assets $ 5,628.17
Utility Fixed Assets
I
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
ITotal 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
I
Total Current Liabilities 15,292.31
Fund Account Current Liabilities
I
Interest and Sinking Fund
Accrued Bond Interest Payable $ 4,833.33
Accrued Bond Principal 1,666.67 6,500.00
I
Bonds Payable
Total Bonds Payable $580,000.00
Less: Accrued Liability Classified as
II Current Liability 1,666.67
Total Bonds Payable (Non-Current Portion) 578,333.33
1 Reserves
For Depreciation $ 60,492.06
For Retirement of Sinking Fund Bonds 1,785.44 62,277.50
11 Surplus
Arising from Bonds Retired $ 20,000.00
Arising from Revenues of Maintenance and
1 Operating Fund Invested in Fixed Assets 12,450.63
Unappropriated Surplus (70,156.20) (37,705.57)
II Total Liabilities, Reserves and Surplus $624,697.57
18
II
Exhibit F-3
II
CITY OF FRIENDSWOOD, TEXAS
I
ANNEXED WATER DISTRICT (SUNMEADOW) SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1973
II
ASSETS
ICurrent Assets
Accounts Receivable
II Water and Sewer Charges $ 1,346.64
Due from General Fund 405 .00 $ 1,751.64
I
Utility Fixed Assets
Schedule F-7 1,800,000.00
Fund Accounts
II Water and Sewer Construction Fund
Cash in Bank $ 225,495.50
Interest and Sinking Fund
I
Cash in Bank $164,194.59
Taxes Receivable 5,469.31
Due from Construction Fund 40,000.00 209,663.90 435,159.40
IITotal Assets $2,236,911.04
II
LIABILITIES, RESERVES AND SURPLUS
ICurrent Liabilities
Customers ' Meter Deposits $ 1,230.00
I
Due to City Water and Sewer System 3,551.98 $ 4,781.98
Fund Accounts Current Liabilities
Construction Fund
II Due to Interest and Sinking Fund $ 40,000.00
Contracts Payable 50,175.27
Reserve for Authorized Expenditures 135,320.23 $ 225,495.50
I
Interest and Sinking Fund
Accrued Bond Interest Payable 80,512.50 306,008.00
I
Bonds Payable 1,800,000.00
Reserves
For Depreciation $ 10,934.83
IIFor Retirement of Bonds 129,151.40 140,086.23
Surplus
11 Unappropriated Surplus (13,965.17)
I
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
' City Water Annexed Water Districts
Total and Sewer WCID #21 Sunmeadow
Balance - October 1, 1972 $ 149,091.74 $ 163,394.44 $ (14,302.70)
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
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
Balance - September 30, 1973 $ 151,909.44 $ 203,580.18 $ (37,705.57) $ (13,965.17)
1
I
I
' 20
II
Exhibit F-5
II
CITY OF FRIENDSWOOD, TEXAS
I WATER AND SEWER SYSTEMS
STATEMENT OF INCOME AND EXPENSES
FOR THE YEAR ENDED SEPTEMBER 30, 1973
I
Annexed Water Districts
I
City WCID #21 Sunmeadow
Total System System System
I 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
II 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
I
Miscellaneous 2,634.94
Contractual Services
Water Mains, Valves 8,712.75
I 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
I
Training and Travel 650.30
Dues and Subscriptions 45.00
Election Expense 125.00
I
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
11
Income Available for Debt Service $ 110,371.78 $ 104,651.28 $ 4,751.42 $ 969.08
1
1 21
II
IIExhibit F-6
CITY OF FRIENDSWOOD, TEXAS
I CITY WATER AND SEWER SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
SEPTEMBER 30, 1973
II
Balance Balance
II10-1-72 Additions Deletions 9-30-73
Land $ 38,229.10 $ 38,229.10
IITotal Land $ 38,229.10 $ 38,229.10
Structures and Improvements
I 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
I
Sewage Disposal Plants 406,075.89 *406,075.89
7,054.44 7,054.44
Warehouse Building 6,225.00 46,225.00
IITotal Structures and Improvements $1,947,364.59 $1,987,710.15
Construction in Progress
IITotal Construction in Progress $ 19,235.04 $ 19,235.04 $ 0.00
Other
Office Furniture and Equipment $ 5,388.88 $ 5,388.88
II 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
II
Total 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
I
Source of Funds
From Bond Assumed $ 596,000.00
From General Obligation Bonds Issued 200,000.00
From Revenue Bonds Issued 700,000.00
1 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
11 From Federal Agencies 292,934.88
$2,057,585.37
1 22
II
Exhibit F-7
II
I CITY OF FRIENDSWOOD, TEXAS
ANNEXED WATER DISTRICT SYSTEMS
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
SEPTEMBER 30, 1973
I
I
Balance Balance
10-1-72 Additions Deletions 9-30-73
WCID #21 SYSTEM
IIStructures and Improvements
Land, Water Well and Pumping
II Facilities $ 67,212.41 $ 1,536.33 $ 68,748.74
Water Distribution 109,814.02 109,814.02
Sewage Collection System 230,517.87 230,517.87
I
Storm 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
IITotal $ 612,450.63
1
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
ITotal 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
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
1
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
24
11
Exhibit F-9
II
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTSII
INTEREST AND SINKING FUND WATER AND SEWER SYSTEM
FOR THE YEAR ENDED SEPTEMBER 30, 1973
I
CITY SYSTEM
GENERAL COMBINATION IIOBLIGATION TAX & REVENUE
TOTAL BONDS BONDS
Cash Balance - October 1, 1972 $ 59,348.16 $ 26,746.36 $ 619.92 II
Receipts
1972 Tax Levy II15% - City $ 32,665.51v $ 28,775.55 $ 889.96
15% - WCID #21 10,154.26 -
100% - Sunmeadow 3,391.10 II1971 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
II
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 II
Bonds Retired 35,000.00 = 15,000.00
Fees 156.26 -
II
Total Disbursements $140,183.76 _ $ 46,227.50 $ 1,450.00
Cash Balance - September 30, 1973 $198,083.23 $ 11,504.35 $ 145.59 II
1
II
I
1
25 1
1
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
1 72.50 83.76
$ 52,922.50 $ 39,583.76
$ 15,641.71 $ 6,596.99 $164,194.59
I
1
' 26
1
Exhibit F-10
' CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
BOND RESERVE FUND WATER AND SEWER SYSTEM
FOR THE YEAR ENDED SEPTEMBER 30, 1973
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
Cash Balance - September 30, 1973 $ 30,722.40 $ 6,741.82 $ 23,980.58
11
I
1
1
11
27
I
Exhibit F-11 I
CITY OF FRIENDSWOOD, TEXAS IISTATEMENT OF BOND MATURITIES AND INTEREST REQUIREMENTS
WATER AND SEWER SYSTEM
ANNEXED I
CITY SYSTEM WATER DISTRICTS
GENERAL COMBINATION COMBINATION I
OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE
FISCAL BOND BOND BOND BOND TOTAL BOND
YEAR MATURITIES MATURITIES MATURITIES MATURITIES MATURITIES
I
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
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
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 90,000.00 140,000.0011
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 II
1992-1993 20,000.00 35,000.00 120,000.00 175,000.00
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 II
1995-1996 30,000.00 40,000.00 145,000.00 215,000.00
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 50,000.00 180,000.00 255,000.0011
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 I
11
1
I
28 1
.
II
II
II
II INTEREST
ANNEXED
CITY SYSTEM WATER DISTRICTS
TOTAL
II 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
I
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
I
22,598.75 21,171.25 34,725 .00 140,575 .00 197,898.75 309,898.75
33,425.00 136,175.00 190,771.25 302,771.25
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
II
16,742.50 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
II 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
I
4,725.00 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
I
562.50 1,531.30 18,925.00 9,925.00 21,018.80 276,018.80
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
II
II
29
II
Exhibit F-12
II
CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEMII
BOND REQUIREMENTS COMPARED WITH ACTUAL
SEPTEMBER 30, 1973
11
NEXT MATURITY
ISSUE DATE PRINCIPAL INTEREST II
CITY WATER AND SEWER SYSTEM
Galveston County WCID #15 I
Combination Revenue and Tax Bonds 3-1-74 $ 725.00
Series 1957
Galveston County WCID #15 II
Unlimited Tax Bonds Series 1962 3-1-74 3,375.00
Galveston County WCID #15 II
Unlimited Tax Bonds 3-1-74 2,870.00
Series 1963 3-1-74 $ 5,000.00 IICity of Friendswood, Texas
Sewer Improvement Bonds 3-1-74 3,875.00
Series 1967 3-1-74 5,000.00 II
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 1
Combined Tax and Revenue Bonds 2-1-74 $ 14,500.00
Series 1964 $ 10,000.00
Sunmeadow Municipal Utility District II
Waterworks and Sewer System
Combination Tax and Revenue Bonds 10-1-73 80,512.50
Series 1970; 1970A; 1972 11
Total Annexed Water Districts '
GRAND TOTAL
*Payments to Reserve Fund began 1-10-70 at rate of I
$500.00 per month until Reserve Fund reaches $50,000.00.
**Interest during Construction Period.
30 11
1
1
II
I
ACCRUED INTEREST AND ACCRUED RESERVE
PRINCIPAL REQUIREMENT REQUIREMENT
9-30-73 9-30-73 COMPARISON 9-30-73
BASIS AMOUNT AMOUNT REQUIREMENT AVAILABLE
II
II1/6 $ 120.83 $ 5,581.98 $ 5,702.81 $ 6,952.41
II
1/6 562.50 562.50 877.85
II1/6 $ 478.33
7/12 2,916.67
I
$ 3,395.00 3,395.00 3,911.01
1/6 $ 645.83
I
7/12 2,916.67
$ 3,562.50 3,562.50 4,122.81
1/6 $ 887.50 •
I
7/12 2,916.67
$ 3,804.17 3,804.17 4,630.14
I
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
II1/3 $ 4,833.33
1/6 1,666.67
11 $ 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
II 31
II
Exhibit G
1
CITY OF FRIENDSWOOD, TEXAS
1 SCHEDULE OF GENERAL FIXED ASSETS
AS OF SEPTEMBER 30, 1973
I
Balance Balance
10-1-72 Additions Deletions 9-30-73
City Hall
IIBuilding $ 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
II Typewriters 1,124.66 1,124.66
Mimeograph and Stand 730.00 730.00
Sony Tape Recorder and Stand 307.30 307.30
Apeco Roll-O-Matic Copier 1,227.45 1,227.45
I
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
I
Police 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
I
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
I
Streets 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
II Equipment
International Tractor with Mower 3,302.00 3,302.00
1967 Ford 2-Ton Dump Truck 3,979.32 3,979.32
Used Caterpillar Grader9,200.00 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
1 Rotary Cutter 565 .00 565.00
Pneumatic Roller 500.00 500.00
Miscellaneous Equipment 917.37 277.28 1,194.65
II 1953 Studebaker Cargo Truck with
2,000 Gallon Water Tank 792.29 792.29
Used International Tractor 704.96 704.96
I/ 32
I
I
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
II Used International Tractor 77.30 77.30
MF135 Diesel Tractor 4,072.80 4,072.80
Equipment - Warehouse 650.84 650.84
ITotal Streets and Bridges $ 62,675.37 $ 93,520.30
Library
I 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
IITotal Library $145,739.98 $149,818.20
Civil Defense
II 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
I
Total Civil Defense $ 1,718.20 $ 1,718.20
Parks
I 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
I
Special Containers 7,990.00 2,288.50 10,278.50
Total Sanitation $ 22,529.86 $ 38,985.36
I Fire Department
Sentry Modular Ambulance 10,179.86 $ 10,179.86
Radio Equipment for Ambulance 3,830.45 3,830.45
11 Fire Truck Equipment 1,684.45 1,684.45
Total Fire Department $ 15,694.76
Other
1F 1965 Ford Sedan $ 2,487.42 2,487.42
1971 Dodge Polara 2,755.00 $ 2,755.00
Jail Bunks 492.49 492.49
Dog Pound 3,374.15 3,374.15
Mosquito Control Equipment 482.21 482.21
Total Other $ 6,836.27 $ 7,103.85
IE 33
II
II
SCHEDULE OF GENERAL FIXED ASSETS
I - continued -
IBalance Balance
10-1-72 Additions Deletions 9-30-73
II
Total General Fixed Assets $389,901.61 $ 79,656.05 $ 5,242.42 $464,315.24
I
IISource of Funds
From Revenues Invested in Fixed Assets $183,906.96
From Contributions 72,040.77
From Federal Funds 110,867.51
II From State Funds 50,000.00
From Moody Foundation 37,500.00
From Galveston County Funds 10,000.00
II
Total $464,315.24
I
II
II
II
II
1
1
II
II 34
II
Exhibit H
II
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
I
1975-1976 $ 10,000.00 8,175.00
7,650.00 18,175.00
1976-1977 10,000.00 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 4,400.00
3,850.00 14,400.00
1983-1984 10,000.00 13,850.00
1984-1985 15,000.00 3,300.00 18,300.00
I
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
II
II
II
1
II
II
II 35
11
Statement 1
II
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
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 II
Total Assets - Other than Fixed $1,126,626.89 $ 42,786.41 $152,211.30 $ 545.00
Fixed Assets 11
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
II
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 II
36II
II
II
I
Special Social City Annexed General General
Trust Security Water and Sewer Water District Fixed Bonded
Fund Fund Fund Fund Assets DebtI
I $ 125.00
$ 56,354.98 $ 3,476.41 35,476.19
II
7 ,209.00 19,564.72 $ 6,974.81
II
17,045.36 405 .00
II 17,399.29
15 .00
I 245,688.45 225,495.50
19,455.29
1 27,291.65 2,102.46 170,791.58
5,491.09
40,000.00
II 30,722.40
$ 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
I
29,257.24 2,388.88 121,119.04
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
II
$ 63,563.98 $ 3,476.41 $2,240,322.30 $2,790,181.72 $464,315.24 $150,000.00
1 D E Fl F2 & 3 G H
II 37
11
II
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDSII
SEPTEMBER 30, 1973
Combined
All General Bond Sinking
Funds Fund Fund Fund
LIABILITIES, RESERVES AND SURPLUS II
Liabilities - Other than Long-Term
Accounts Payable $ 13,249.60 $ 2,650.63 II
Accrued Expenses 1,664.42 1,154.27
Contracts Payable 57,015.27 6,840.00
Customer'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
Due to Federal Agencies (HUD) 19,455.29II
Due to Interest and Sinking Fund 40,000.00
Accrued Bond Interest Payable 91,584.63
Accrued Bond Principal 16,250.02
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 11
Social Security Fund Balance 1,572.00
Revenue Sharing Fund Balance 18,482.49
City Sales Tax Fund Balance 7,397.72II
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 II
Surplus
Arising from Bonds Retired $ 124,000.00II
Arising from Revenue Invested
in Fixed Assets 453,240.21
Arising from Contributions 169,540.7711
Unappropriated Surplus (226,732.66) $ 14,691.15
Total Surplus $ 520,048.32 $ 14,691.15
1
Grand Total $5,907,402.36 $ 42,786.41 $152,211.30 $ 545.00
Exhibit A B C II
38
II
II
I
I
Special Social City Annexed General General
Trust Security Water and Sewer Water District Fixed Bonded
Fund Fund Fund Fund Assets Debt
I
I $ 10,598.97
510.15
$ 50,175.27
II
3,670.00 2,675.00
17,399.29
$ 18,708.77 $ 1,904.41
I
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
II $ 18,975.00 $ 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
I 292,934.88 $110,867.51
$ 44,855.21 $ 1,572.00 $ 604,268.91 $ 266,257.07 $110,867.51
II $ 104,000.00 $ 20,000.00
256,882.62 12,450.63 $183,906.96
1 169,540.77
(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
ID
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
11
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
I 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
I
Total Receipts $411,610.02 $367,756.00
I
Operating Expenses
General and Administrative $ 59,902.53 $ 63,197.00
Police Department 86,798.79 78,952.00
II Streets and Drainage 86,362.37 55,403.00
Engineering 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
•
1 Capital Outlay 76,901.05 84,244.00
II
Balance of Excess Funds $ 12,991.54 $ 1,464.00
II
•
II
I
40
II
IIStatement 3
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
II Tap Fees 20,439.57 21,000.00
Reconnect Fees 4,585.52 220.00
Interest on Investments 5,000.00
II Miscellaneous 590.86 100.00
Total Income $254,278.83 $232,472.00
Operating Expenses
II 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
II 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
I
Statement 4
CITY OF FRIENDSWOOD, TEXAS
II
STATEMENT OF BONDS PAYABLE
SEPTEMBER 30, 1973
II Amount Maturity
of Interest Bonds
I
Name 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
I
4-1-76 5.25% $ 10,000
4-1-77 5.25 10,000
4-1-78 5.25 10,000
I
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
II 4-1-86 5.50 15,000
4-1-87 5 .50 15,000
4-1-88 5.50 15,000
I
Total 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
I
3-1-95 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
1 date thereafter at par and accrued 3-1-98 4.50 35,000
interest. 3-1-99 4.50 25,000
1 Galveston County Water Control
& Improvement District #15
Unlimited Tax Bonds dated
I
October 1, 1963
Bonds assumed under City Ordinance
#51A as of 12-1-64 $ 175,000 140,000.00
I 42
II
I
• STATEMENT OF BONDS PAYABLE
II - continued -
IIBonds Maturing March 1, 1982 and 3-1-74 3.50% $ --5T99O- ---
thereafter, are redeemable in whole 3-1-75 3.50 5,000
I
or 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
I 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
II 3-1-90 4.25 10,000
3-1-91 4.25 10,000
3-1-92 4.25 10,000
City of Friendswood, Texas
Sewer Improvement Bonds
I
dated March 1, 1967 $ 200,000 $ 185,000.00
3-1-74 5.00% --5,O0O.___.._,
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
IIinterest. 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
II 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
I
dated March 1, 1969 $ 257,000 213,000.00
3-1-74 5.00% ----5,OOO -
Bonds Maturing March 1, 1985 3-1-75 5.00 7,000
I
and 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
II interest . 3-1-81 5.00 10,000
43
II
II
STATEMENT OF BONDS PAYABLE
II - continued -
I3-1-82 5.00% $ 10,000
3-1-83 5.00 10,000
3-1-84 5 .00 10,000 I
3-1-85 5.00 10,000
3-1-86 5.00 15,000
3-1-87 5.00 15,000
I
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
I
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
I
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
1 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 .
I
Total 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% $ �-3� --
�@0-
Bonds Maturing March 1, 1988 3-1-75 6.50 10,000
IIand 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
I
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
I 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
11
STATEMENT OF BONDS PAYABLE
continued
II3-1-88 6.50% $ 25,000
3-1-89 6.50 25,000
II 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
I 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
I
UTILITY BONDS
Annexed Water Districts
IGalveston 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
I #117 as of 11-18-68 and approved
by Board of Directors of Galveston
County WCID #21 at its final
I
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
II 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
2-1-80 or 8-1-80 @ 102i% 8-1-83 5.00 20,000
II2-1-81 or 8-1-81 @ 102 % 8-1-84 5.00 20,000
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
II 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
II accrued interest. 8-1-90 5.00 25,000
45
II
II
STATEMENT OF BONDS PAYABLE
IIcontinued
I8-1-91 5.00% $ 25,000
8-1-92 5.00 30,000
I
8-1-93 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
I
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
1 Waterworks and Sewer System
Combination Tax and Revenue
Refunding Bonds, Series 1970
Bonds assumed under City Ordinance
II #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
II 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
II 4-1-83 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
II 4-1-87 8.50 55,000
4-1-88 8.50 60,000
4-1-89 8.50 65,000
11
Sunmeadow Municipal Utility District
I Waterworks and Sewer System
Combination Tax and Revenue Bonds
Series 1970 A
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 $1,200,000 540,000.00
4-1-90 8.50% $ 70,000
II 4-1-91 8.50 75,000
46
II
II
I
• 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
I
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
IISunmeadow Municipal Utility District
Waterworks and Sewer System
II Combination Tax and Revenue
Refunding Bonds , Series 1972
Bonds assumed under City Ordinance
I
#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 .
I
*Bonds bear additional interest
at the rate of 4.25% per annum
from January 1, 1973 to October 1,
1 1975. Additional interest is
evidenced by supplemental coupons
attached to the bonds with first
1 coupon due April 1, 1973 and
semi-annually thereafter.
IITotal Annexed Water Districts Combination Tax and Revenue Bonds $2,380,000.00
A
IITotal Utility Bonds $3,772,000.00
1 Total Funded Debt Outstanding $3,922,000.00
1
II 47
I
II
Statement 5
II
CITY OF FRIENDSWOOD, TEXAS
I
SCHEDULE OF INSURANCE IN FORCE
OCTOBER 1, 1973
1
Aetna Insurance Company
II Bond Number 61S22939
Term May 16, 1973 to May 16, 1974
Kind Public Official Bond
II Premium $50.00
Person Covered James C. Morgan
Amount of Coverage $10,000
IIBond 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 I
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
I
Kind Plumbing Inspector Bond
Premium $5.00
Persons Covered Kenneth R. Toon
IIAmount of Coverage $1,000
I
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
II $ 5,000 each occurrence
25,000 aggregate
I
48
' SCHEDULE OF INSURANCEIN FORCE
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)
t 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 Kind October 1, 1973 to October 1, 1974
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
t 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
I
' 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
' 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
Royal Indemnity Company
' Policy Number Term RQS 24 16 78
October 1, 1973 to October 1, 1974
Kind Contractor 's Equipment Coverage - All Risk Form
' Premium $462.00
Coverage 1) Gradall Model 2460 ($ 16,000)
Deductible $320
2) Massey Front-End Loader ($ 3,600)
' Deductible - $100
50
11
' SCHEDULE OF INSURANCEIN FORCE
continued -
I
3) Huber Caterpillar Grader ($ 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
' Hospital Board and Room Expenses (Semi-
Private)
' 51
1
1
' SCHEDULE OF INSURANCE IN FORCE
- continued -
II
' 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
1
1
1
1
1
' 52
I
Statement 6
11
CITY OF FRIENDSWOOD, TEXAS IITAX LEVIES AND TAX COLLECTIONS
1964 1973
Collection Percent of
Supplementary Net Current Year's Levy Collected II
Taxes Tax and Tax Taxes During During
Assessed Levy Cancellations Levy Period Fiscal Year '
CITY
10-1-64 $ 31,798.80 $ 1,427.44 $ 33,226.24 $ 31,739.78 95.52% '
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 II
10-1-71 170,148.30 830.90 170,979.20 169,539.90 99.16
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 ,
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 60,783.38 100.00
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 I
SUNMEADOW I
10-1-70 $ 9,351.19 $ 144.38 $ 9,495.57 $ 8,376.25 88.21% II
10-1-71 19,825.04 74.79 19,899.83 14,172.30 71.22
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
II
II
II
11
53 I
II
II
II
IRatio of Delinquent Due to
Total Total Collections Taxes General Interest and
IICollections 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
II 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
II
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
1 Totals $ 8,669.74 $ 7,593.55
II
II
I
II 54
II
Statement 7 ,
CITY OF FRIENDSWOOD, TEXAS IIGENERAL FUND REVENUES OTHER THAN PROPERTY TAXES
1964 1973
II
Fiscal Fines Franchise and Licenses City
Year and Gross Receipts and Sanitation Sales
Ending Fees Taxes Permits Revenue Tax
12-31-64 $ 4,238.00 $ 3,878.38 $ 9,046.97 '
12-31-65 4,427.00 5,192.19 3,907.48
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 II9-30-69 3,278.50 14,408.95 14,539.49
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
II
Statement 8
GENERAL FUND EXPENDITURES FOR SELECTED FUNCTIONS II
1964 - 1973
Operating
il
Fiscal General and Streets
Year Administration Police and Fire
Ending Expenses Department Drainage Library Department
li
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 5,247.9511
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
9-30-70 36,521.97 32,861.86 69,557.39 9,927.66 9,333.35 II
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 II
9-30-73 59,902.53 86,798.79 86,362.37 17,078.98 4,997.78
*9 Months II
I
55 1
II
I
I
IIPenalties
Interest and Interest
I
Earned on Delinquent
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
IRecreation 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 $ 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
II 13,451.62 $ 4,940.06 16,120.46 25,711.76
19,160.69 40,543.15 121.08 6,752.06 75,290.38
1 56
r 1 1 1 1 1 1 1 1 1 1 1 s - E 1 1 s
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
1 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 .