HomeMy WebLinkAbout1971 09 30 Financial Report - City of friendswood 11
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CITY OF FRIENDSWOOD, TEXAS
' FINANCIAL REPORT
FOR THE TWELVE MONTHS ENDED
' SEPTEMBER 30, 1971
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ELECTED OFFICIALS
MAYOR
Edward F. Stuart
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CITY COUNCIL
Ralph G. Gonzalez
Ronald G. Hamil
James E. Mager
Ralph L. Lowe
William B. Patten
L. B. Cline Tax Assessor & Collector
1 L. B. Cline City Secretary
11 109 Willowick
Friendswood, Texas
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IITABLE OF CONTENTS
1 Page
Letter of Transmittal
IStatement of Combined Cash Receipts and Disbursements -
All Funds Except Utility Fund 1
1 General Fund
Statement of Revenue Receipts - Schedule I 2
Operating Expenses
II General and Administrative Expenses - Schedule II 3
Police Department Expenses - Schedule III 4
Streets and Drainage Department Expenses - Schedule IV 5
II Miscellaneous Other Expenses - Schedule V 6
Capital Outlay - Schedule VI 7 & 8
II Water and Sewer System
Statement of Income and Expenses 9
Balance Sheet
II City Water and Sewer System 10 & 11
Annexed Water District System 12
1 Statement of Cash Receipts and Disbursements - Construction Fund
City Water and Sewer System 13
II Schedule of Property, Plant and Equipment
City Water and Sewer System 14
Annexed Water District System 15
1 Statement of Combined Cash Receipts and Disbursements
Interest and Sinking Funds 16 & 17
Bond Reserve Account 18
11 Statement of Bond Maturities and Interest Requirements 19 & 20
Bond Requirements Compared with Actual 21 & 22
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Balance Sheet All Funds 23 26
IIAnalysis of Changes in Unappropriated Surplus 27
Comparison of Budget with Actual
1 Receipts and Disbursements - General Fund 28
Comparison of Budget with Actual Income
and Expenses - Water and Sewer System 29
IISchedule of General Fixed Assets 30 & 31
IIStatement of Bonds Payable 32 - 35
Schedule of Insurance in Force 36 - 39
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HELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
HOUSTON, TEXAS 77002
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Honorable Mayor and City Council
City of Friendswood, Texas
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I have examined the recorded cash receipts and disbursements of the
CITY of FRIENDSWOOD, TEXAS for the twelve month period ended September 30,
1971. My examination was made in accordance with generally accepted
auditing standards and accordingly included such examination and tests of
the detailed cash receipts and disbursements records of the city together
with such other procedures as I considered necessary under the circumstances.
I Accounting records for the city are maintained on a cash basis ; the
records for the water and sewer system are on an accrual basis.
A resume of the financial activities of the various funds follows:
GENERAL FUND
I 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. A
comparative statement of receipts and disbursements for the years ended
September 30, 1971 and September 30, 1970 follows:
YEAR ENDED
9-30-71 9-30-70
I Receipts
Revenues
Taxes, Penalties and Interest $134,952.95 $157,610.67
Fines and Fees 12,385.25 5,821.50
Inspections and Permits 14,679.85 8,884.61
Franchise and Gross Receipts 19,041.96 16,390.77
I City Sales Tax 15,096.55
Other Revenues 4,823.47 4,283.18
Other Receipts
Contributions and Federal Grant Funds 47,886.60 82,134.88
Total $248,866.63 $275,125.61
Expenditures
Operating Expenses $222,046.15 $163,971.45
Capital Outlay 25 ,198.29 68,814.80
Encumbered Sales Tax Receipts 2,016.79
Total $249,261.23 $232,786.25
Excess of Receipts over
Expenditures $ (394.60) $ 42,339.36
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11 TAXES
On November 18, 1968, the City Council adopted Ordinance #117 which provided
that :
1) The City of Friendswood shall take over all properties and assets of
Galveston County Water Control and Improvement District No. 21 and
shall assume all debts, liabilities and obligations of said Galveston
County Water Control and Improvement District No. 21 and shall perform
all functions and services of such district.
2) The water works and sanitary sewer system of Galveston County Water
Control and Improvement District No. 21 shall be operated as a
separate system from the city's present system and all revenues
collected from the operation of said water works and sanitary sewer
system shall be used only as provided in the October 15, 1964 order
of the Board of Directors authorizing issuance of said $600,000 bonds.
Under date of April 3, 1969, the Board of Directors of Galveston County Water
Control and Improvement District No. 21 officially dissolved the district as
1 a governmental entity.
The 1966 and subsequent tax levies of the City of Friendswood, based on
a tax rate of $1.00 per $100 assessed valuation, were distributed as follows :
1 1966 1967 1968 1969 1970 1971
General Fund Operations $0.664 $0.58 $0.655 $0.816 $0.61 $0.62
Interest and Sinking Fund 0.336 0.42 0.345 0.184 0.39 0.38
Total $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Taxes levied and collections thereon are as follows:
11 1967 1968 1969 1970 1971
Assessed Valuation
October 1 $11,432,725 $17,199,434 $19,440,970 $21,615,481 $23,101,790
Taxes Assessed
City $114,327.25 $124,705.07 $139,177.64 $155,224.03 $170,148.30
WCID #21 47,289.27 55,232.06 60,930.78 60,869.60
$114,327.25 $171,994.34 $194,409.70 $216,154.81 $231,017.90
Total Collections
City $113,893.40 $124,128.87 $137,007.61 $151,078.17 N/A
WCID #21 47,174.47 55,232.06 60,783.38 N/A
% Collections
City 99.62% 99.53% 98.44% 97.32%
WCID #21 99.76% 100.00% 99.76%
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WATER AND SEWER SYSTEM
11 The following is a comparative summary of income and expenses of the Water
and Sewer System for the year ended September 30, 1971 and September 30, 1970:
11 CITY SYSTEM ANNEXED DISTRICT SYSTEM
YEAR ENDED YEAR ENDED
9-30-71 9-30-70 9-30-71 9-30-70
11 Operating Revenues $152,901.74 $131,883.41 $ 39,573.96 $ 38,438.08
Less: Operating Expenses 66,593.84 62,953.37 33,781.33 34,204.21
II Income Available for
Debt Service $ 86,307.90 $ 68,930.04 $ 5 ,792.63 $ 4,233.87
Less: Provision for
IIDepreciation 35,502.02 23,051.89 12,097.93 12,025 .00
Operating Income $ 50,805.88 $ 45,878.15 $ (6,305.30) $ (7,791.13)
IIWater and Sewer Connections as of September 30, 1971, 1970 and 1969 were as
follows:
II9-30-71 9-30-70 9-30-69
City
Water 971 897 789
11 Sewer 932 853 748
WCID #21
II Water 570 570 537
Sewer 568 567 534
Total
11 Water 1,541 1,467 1,326
Sewer 1,500 1,420 1,282
II Water and sewer billings are on a bi-monthly basis. Water rates for all users,
residential or commercial, as approved on March 16, 1970, are as follows :
II First 6,000 gallons $7.00 Minimum
6,000 to 10,000 gallons .75 per 1,000 gallons
10,000 to 20,000 gallons .50 per 1,000 gallons
1 20,000 to 40,000 gallons .40 per 1,000 gallons
40,000 to 100,000 gallons .30 per 1,000 gallons
100,000 to 200,000 gallons .26 per 1,000 gallons
200,000 to 400,000 gallons .24 per 1,000 gallons
IIAll over 400,000 gallons .20 per 1,000 gallons
INTEREST AND SINKING FUNDS
1 The current requirements of the Bond Orders governing the Interest and
Sinking Funds on all series of bonds are being satisfied.
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CONSTRUCTION PROGRAM - Water and Sewer System
11 During the year ended September 30, 1971, the following construction
contracts were completed:
11 George C. Cox, Inc.
Addition to Sewage Treatment Plant #2
11 Tom-Co. Incorporated
West Interceptor Trunk Line and Extension to new High School
The city received a final payment of $32,640.00 in federal grant funds
11 during the year under project WPC-TEX-567. These funds were accounted for
in the General Fund of the city.
11 CONSTRUCTION - Other
The city also received a $10,000.00 grant from Galveston County which was
partially used during the year for the purchase of library equipment and books
for the Friendswood Public Library. The balance of this grant is available for
the purchase of library books during the 1971-72 fiscal year.
GENERAL
At a special election held April 4, 1970, voters approved the adoption of a
1% city sales and use tax with proceeds therefrom to be allocated 50% to Street
Improvements and 50% to a City Recreation Center for a five year period. The
city sales tax became effective October 1, 1970 and a total of $15,096.55 was
received by the city in the 1970-71 fiscal year. From this amount, $2,016.79
is reserved for future expenditures for the city recreation program.
CITY CHARTER
At a special election held October 16, 1971, the citizens of the City of
Friendswood voted in favor of a home rule charter. The charter takes effect
immediately and becomes fully operable within one year.
OPINION
In my opinion, the accompanying statements present fairly, in accordance
with generally accepted accounting principles, the financial position of the
City of Friendswood, Texas as of September 30, 1971 and the results of its
operations for the twelve month period ended as of that date.
Very truly yours,
i ' i .0 ct� c.s-2u' (r=
-a-CL.t.
Heloise Brown Canter
Certified Public Accountant
January 28, 1972
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ICITY OF FRIENDSWOO
STATEMENT OF COMBINED CASH RECE
ALL FUNDS EXCEPT UT
lrOCTOBER 1, 1970 to SEP
Total
All
Funds
1[ Cash Balance - October 1, 1970 $ 91,517.24
Receipts
Revenues (Schedule 1)
Ad Valorem Taxes $134,952.95
Fines and Fees 12,385.25
Inspections, Permits, and Licenses 14,679.85
Franchise and Gross Receipts Tax 19,041.96
City Sales Tax 15,096.55
Rent 150.00
1r Interest Earned 2,893.84
Miscellaneous 1,429.63
Total Revenue $200,630.03
Other Receipts
Ir From Texas State Library $ 7,500.00
Refund on Advance to Library
Building Fund 7,428.50
I( Refund on Advance to Universal
Waste Disposal 4,200.00
From Federal Agencies (WPC-TEX 567) 32,640.00
Ir From Galveston County (Library) 10,000.00
Sale of Fogging Machine 350.00
Total Other Receipts $ 62,118.50
Total Receipts $262,748.53
Total Available $354,265.77
Disbursements
Operating Expenses
General and Administrative Expenses
(Schedule II) $ 40,539.56
Police Department Expenses (Schedule III) 49,146.28
Streets and Drainage Department Expenses
(Schedule IV) 86,960.85
II Miscellaneous Other Expenses (Schedule V) 45,399.46
Total Operating Expenses $222,046.15
Capital Outlay
Ir Schedule VI $ 25,198.29
Payments on Equipment Contracts -
Library Building 4,467.40
Total Capital Outlay $ 29,665.69
IrOther Disbursements
Federal Grant Funds Transferred to
Water and Sewer Construction $ 40,612.97
Refund of Advance from General Fund 7,428.50
Total Other Disbursements $ 48,041.47
Total Disbursements $299,753.31
Cash Balance - September 30, 1971 $ 54,512.46
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a* SCHEDULE I
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CITY OF FRIENDSWOOD, TEXAS
411 GENERAL FUND
STATEMENT OF REVENUE RECEIPTS
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
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Actual Budget
Ad Valorem Taxes
1970 Tax Roll $ 129,235.56
1969 Tax Roll 1,652.25
1968 Tax Roll 826.61
4! 1967 Tax Roll 801.05
1966 Tax Roll 367.66
1965 Tax Roll 163.30
41 1964 Tax Roll 96.00
Penalties and Interest 1,347.82
Tax Certificates 462.70
11, Total $ 134,952.95 $ 123,147.50
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Fines and Fees
Fines - Traffic Violations $ 12,054.25 3,000.00
Dog Tags and Pound Fees 331.00 185.00
Total $ 12,385 .25
11 Inspections, Permits and Licenses
Building Permits $ 10,103.85 3,000.00
Mobile Home Permits 3,475.00 2,000.00
Other Permits 26.00
Electrical Licenses 1,075.00
Total $ 14,679.85
1! Franchise and Gross Receipts Tax
Community Public Service $ 12,172.85
Houston Natural Gas 2,722.13
1! Southwestern Bell Telephone Co. 4,146.98
Total $ 19,041.96 19,000.00
11 City Sales Tax
Committed to Street Program $ 7,548.28
Committed to Recreation Program 7,548.27
Total $ 15,096.55 8,000.00
11 Rent $ 150.00 300.00
11 Interest Earned $ 2,754.73 500.00
Miscellaneous
Reimbursement of School Guard Expense $ 716.45
II Excess Income over Expenses - Garbage Collection 311.03
City of Pearland Longwood Park 340.80
Other Revenue 61.35
IITotal Miscellaneous $ 1,429.63 200.00
11 Grand Total $ 200,490.92 $ 159,332.50
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. SCHEDULE II
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CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
GENERAL AND ADMINISTRATIVE EXPENSES
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
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ACTUAL BUDGET
III
Salaries and Wages
Mayor and Council $ 6.00 $ 6.00
Other 24,078.60 21,350.00
441
Payroll Taxes 1,133.37 1,141.00
Group Insurance (Employee Benefits) 445.75 500.22
Other Insurance and Bonds 1,153.11 1,042.20
111 Workmen's Compensation and General
Liability $ 327.40
Fire Insurance 444.60
41, Automobile 254.00
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Other 127.11
Telephone 1,679.10 900.00
Office Supplies and Postage 2,300.21 2,450.00
Ille Building Maintenance 1,673.84 2,000.00
iii Equipment Maintenance 423.00 300.00
Miscellaneous Expenses 349.35 150.00
1! Engineering Fees 143.36
Legal Expense 2,604.14 4,000.00
Auditing Expense 996.87 1,500.00
11 Dues, Subscriptions and Periodicals 622.82 400.00
Election Expenses 225.75 300.00
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Printing and Legal Notices 1,105.95 300.00
Mayor and Council Expenses 491.89 500.00
1! Travel 229.05 200.00
Tax Appraisal 413.00
Fuel 95.32 100.00
1! Taxes to Pearland (Longwood Park) 369.08 225.00
11 Total General and Administrative Expenses $ 40,539.56 $ 37,364.42
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SCHEDULE III
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CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
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POLICE DEPARTMENT EXPENSES
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
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ACTUAL BUDGET
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Salaries $ 36,111.63 $ 35,725.00
Chief $ 9,600.00
Patrolmen 16,800.00
41 Clerk 4,661.25
Dispatcher 3,550.38
School Guard 1,500.00
II Payroll Taxes 1,783.51 1,751.00
Group Insurance (Employee Benefits) 701.44 807.88
Other Insurance 1,394.22 493.00
111 Workmen's Compensation and General
Liability $ 759.22
Automobiles 635.00
Telephone 1,082.97 600.00
Office Expenses 711.74
Expense Account 22.48 150.00
Maintenance - Police Cars 2,227.02 800.00
1! Maintenance - Radio and Radar 1,067.52 800.00
Miscellaneous Materials and Supplies 709.67 800.00
Fuel 2,128.60 1,800.00
Training and Instructional Material 36.25 200.00
Uniforms and Badges 723.73 800.00
Dog Pound Operation 445.50 200.00
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Total Police Department Expenses $ 49,146.28 $ 44,926.88
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SCHEDULE IV
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CITY OF FRIENDSWOOD, TEXAS
II GENERAL FUND
STREETS AND DRAINAGE DEPARTMENT EXPENSES
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
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ACTUAL BUDGET
11 Salaries $ 28,256.42 $ 26,760.00
Contract Labor 50.00 500.00
II Payroll Taxes 1,356.29 1,336.00
Group Insurance (Employee Benefits) 586.88 583.99
Other Insurance 4,828.85 3,489.40
Workmen's Compensation and General
II Liability $ 3,867.85
Equipment 961.00
Street Lights 5,933.50 6,500.00
1 Maintenance of Equipment 5,906.73 2,500.00
Street Signs 1,013.13 700.00
Miscellaneous Expense 1,364.19 1,000.00
II Fuel 2,380.10 1,600.00
Material and Supplies
Streets and Drainage 31,901.75 25,597.67
Shop Supplies 679.22
1 Expendable Tools and Supplies 244.77
Equipment Rental 1,445.95 1,000.00
Uniform Rental 845.07
IIWeed Spraying 168.00 500.00
Total Streets and Drainage Department Expenses $ 86,960.85 $ 72,067.06
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SCHEDULE V
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CITY OF FRIENDSWOOD, TEXAS
II GENERAL FUND
MISCELLANEOUS OTHER EXPENSES
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
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ACTUAL BUDGET
ICivil Defense $ 111.87 $ 680.00
Municipal Court
II Fee - Judge 900.00 900.00
Fee - Prosecutor 850.00 850.00
Jury Fees 159.00
Warrant Expense 398.50
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Printing, Supplies, Etc. 235.85 250.00
Flood Control 150.00 100.00
Fire Department 15,993.76 16,344.00
I Payment #2 - Fire Truck $ 3,588.73
Hose, Nozzle, Hydrotest Pump 7,648.79
Master Frequency Station 1,854.00
I 2 Dual - Channel Monitors 293.90
Repairs 126.63
Insurance 1,371.38
Fuel 249.71
I Fire School 310.00
Fire Marshall Expense 550.62
Library
I Operating Fund 12,500.99 12,500.00
Ground Care and Maintenance 692.66 500.00
Telephone 267.17
II Utilities 1,304.18 1,550.00
Mosquito Control 154.87 160.00
Parks and Recreation
Utilities - Parks 721.92 850.00
II Equipment - Parks (Baseball Field) 1,972.80 2,000.00
Recreation Center 4,000.00
Water and Sewer Line 836.76
I Summer Recreation Program 2,000.00 2,000.00
Sanitation and Health
Galveston County Mental Health 268.00 268.00
Galveston County Mainland Cities I
Health Department 1,773.24 1,520.00
Charter Commission 177.89 100.00
Planning Commission 100.00
I Safety Commission 130.00
3 250.00
Industrial Survey ,500.00 3,500.00
Pollution Study 300.00 300.00
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Total Miscellaneous Other Expenses 45 399.46 48 722.00
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SCHEDULE VI
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CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
CAPITAL OUTLAY
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
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ACTUAL BUDGET
General and Administrative
11 1 99 1602 Laminator $ 445.50
2 L-Shaped Desks 499.00
1 Marchant 6161 Calculator - Serial # 71501406 831.00
II 2 Walnut (Black) Posture Chairs 120.00
2 Credenzas 188.90
1 10 Drawer Tax Statement File 74.95
2 Storage Cabinets 135.95
II 1 5 Drawer File Cabinet 100.00
1 RCA Used Mobile Radio 400.00
1 Bogen MO-100 Amplifier 125.00
1 Total General and Administrative $ 2,920.30 $ 2,618.35
Police Department
Il1971 Dodge Polara Police Car $ 2,755.00
1 600 Stephenson Radar Unit - Serial #1555 500.00
1 Folding Screen for 1970 Plymouth Police Car 125.00
1 Tranquilizer Gun - #A15220 162.00
IITotal Police Department $ 3,542.00 3,575.00
Streets and Bridges
II 1 1971 Ford F100 i Ton Pickup
Serial #Fl0GKK21584; Engine #8-618 $ 2,890.97
1 Tool Box for Ford Pickup Truck 109.59
II 1 1964 International 3-Ton Dump Truck
Motor #1800FD77599F 2,405.50
1 International Harvester Tractor (CD)
Model C135-1960; Engine #60D462 77.30
II 1 2868 Metal Door - Shop 84.84
1 Used 1 Ton Window Air Conditioner 75.00
1 445 4 Drawer Legal File Cabinet 45 .00
1 R-O-W - Melody Lane 4,500.00
$Total Streets and Bridges 10,188.20 11,500.00
1 Library and Furnishings
1 Motorized Microfilm Reader $ 575.42
24 719555 Wood Side Chairs 741.00
1 Depressable Book Truck 210.00
II 1 Newspaper Rack 188.00
1 7895 Atlas Stand 385.00
1 18" Display Case 444.00
II 1 KIK Stool 14.75
12 Cloth Vertical Blinds - West Windows 463.02
Book Purchases 3,441.15
Library Parking Lot 1,433.24
11 Total Library and Furnishings $ 7,895.58 10,000.00
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SCHEDULE VI (continued)
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CAPITAL OUTLAY
- continued -
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ACTUAL BUDGET
Other
11 1 6115 Generator (Civil Defense)
Serial #7.5-377-46 $ 320.00 $ 320.00
1 Fogging Machine (Mosquito Control) 332.21 340.00
Total Other $ 652.21
Grand Total $ 25,198.29 $ 28,353.35
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CITY OF FRIENDSWOOD, TEXAS
II WATER AND SEWER SYSTEMS
STATEMENT OF INCOME AND EXPENSES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1971
II
Annexed District
City (WCID #21)
IITotal System System
Operating Revenues
II Water and Sewer Service Charges $173,076.99 $113,111.03 $ 59,965.96
Adjustment for Sewer Treatment Charge 20,442.00 (20,442.00)
Reconnect Fees 175.00 125.00 50.00
II Tap Fees 19,223.50 19,223.50
Interest Earned on Utility Deposit .21 .21
Total Operating Revenues $192,475.70 $152,901.74 $ 39,573.96
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Less : Operating Deductions
Salaries and Wages $ 47,237.89
Payroll Taxes 2,206.70
1 Employee Benefits 979.14
Plant Operations
Water 1,667.64
Sewer 5,607.87
II Plant Repairs
Water 743.84
Sewer 1,110.62
II Line Repairs
Water 3,081.42
Sewer 5,486.79
II Equipment Repairs 1,215.39
Taps
Water 7,469.81
Sewer 2,580.95
II Laboratory Expense 154.46
Bulk Gasoline 822.59
Utilities
II Office 1,549.54
Laboratory 321.42
Water 4,620.30
II Sewer 5,586.65
Office and General Administrative Expense 2,585 .83
Insurance
Workmen's Comp. and General Liability 951.58
I Fire and Extended Coverage - Building 444.60
Equipment 425.00
Other 34.50
II Audit Expense 2,000.00
Engineering Fees 266.64
Legal Expense 1,200.00
Other - Instructions 24.00
IITotal Operating Deductions $100,375 .17 66,593.84 33,781.33
II Income Available for Debt Service $ 92,100.53 $ 86,307.90 $ 5,792.63
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CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1971
ASSETS `,
Current Assets
Petty Cash $ 100.00
Cash in Bank 32,202.08
Accounts Receivable
Water and Sewer Charges 13,101.25
Due from WCID #21 689.69
Advance Payment on Garbage Collection 1,201.60
Utility Deposit 20.00
Total Current Assets $ 47,314.62
Utility Fixed Assets
Schedule Attached 1,988,983.33
Fund Accounts
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Water and Sewer System Construction Fund
Deferred Charges (Engineering Fees) $ 19,455.29
Interest and Sinking Fund !!
Cash in Bank $ 36,837.42
Taxes Receivable
1970 Tax Levy $ 1,591.51
1969 Tax Levy 433.05
1968 Tax Levy 270.26
1967 Tax Levy 176.45
1966 Tax Levy 175.17
1964 Tax Levy 19.80
1963 Tax Levy 19.80
1962 Tax Levy 19.80t!
1961 Tax Levy 19.80
1960 and Prior Years 89.90 2,815.54 39,652.96
Bond Reserve Account
Cash in Bank 16,613.65 1114
Total Fund Accounts 75,721.90
Total Assets $2,112,019.85
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LIABILITIES, RESERVES AND SURPLUS
Current Liabilities
Accounts Payable $ 1,791.52
Customers ' Meter Deposits 1,583.75
Total Current Liabilities $ 3,375.27
Fund Account Current Liabilities
Construction Fund
Due to Federal Agencies (HUD) $ 19,455.29
Interest and Sinking Fund
Accrued Bond Interest Payable $ 6,438.80
Accrued Bond Principal Payable 11,666.68 18,105.48 37,560.77
Bonds Payable
Total Bonds Payable $1,437,000.00
Less: Accrued Principal Classified as
Current Liability 11,666.68
Total Bonds Payable (Non-Current Portion) 1,425,333.32
Reserves
For Depreciation $ 149,546.61
For Retirement of Sinking Fund Bonds 49,827.81
Total Reserves 199,374.42
Contributions
By Land Owners $ 11 767.87
By Federal Agencies 292,934.88
Total Contributions 304,702.75
Surplus
Arising from Bonds Retired $ 59,000.00
Arising from Revenues of Maintenance and
Operating Fund Invested in Fixed Assets 172,102.09
Arising from Interest Earned on Bond Funds 16,178.49
$ 247,280.58
Unappropriated Surplus (105,607.26)
Total Surplus 141 673.32
Total Liabilities, Reserves and Surplus $2,112,019.85
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CITY OF FRIENDSWOOD, TEXAS
II ANNEXED WATER DISTRICT (WCID #21) SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1971
1 ASSETS
II Current Assets
Accounts Receivable $ 6,482.32
Total Current Assets $ 6,482.32
II Utility Fixed Assets •
Schedule Attached 604,896.41
II Fund Accounts
Interest and Sinking Fund
Cash in Bank $ 11,264.05
II Taxes Receivable
1970 Tax Levy $ 9.36
1968 Tax Levy 39.61
1967 Tax Levy 380.07
II
1966 Tax Levy 4.80 433.84
Total Fund Accounts 11,697.89
IITotal Assets $623,076.62
IILIABILITIES, RESERVES AND SURPLUS
Current Liabilities
Due to City Water and Sewer System $ 689.69
II
Fund Account Current Liabilities
Interest and Sinking Fund
11 Accrued Bond Interest Payable $ 5,000.00
Accrued Bond Principal Payable 6,666.67 11,666.67
II Bonds Payable
Total Bonds Payable $600,000.00
Less: Accrued Principal Classified as
Current Liability 6,666.67
IITotal Bonds Payable (Non-Current Portion) 593,333.33
Reserves
1 For Depreciation $ 36,122.93
For Retirement of Sinking Fund Bonds 6,697.89 42,820.82
II Surplus
Arising from Revenues of Maintenance and
Operating Fund Invested in Fixed Assets $ 4,896.41
Unappropriated Surplus (30,330.30)
IITotal Surplus (25,433.89)
Total Liabilities, Reserves and Surplus $623,076.62
II 12
1
1
CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
CONSTRUCTION FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
Cash Balance - October 1, 1970 $ 135.67
Receipts
Federal Grant Funds (Transferred from
General Fund) $ 40,612.97
Total Receipts 40,612.97
Total to be Accounted For $ 40,748.64
Disbursements
Additions to Sewer Treatment Plant
George C. Cox, Inc. $ 10,978.30
Engineering Fees, Inspection 2,110.70 $ 13,089.00
West Interceptor Trunk Line and Extension
Tom-Co. , Inc. $ 25,050.80
Engineering Fees, Inspection 1,408.84 26,459.64
Other
Audit Expense 1,200.00
Total Disbursements 40,748.64
I
Cash Balance - September 30, 1971 $ 0.00
I
I
I
I
I
13
1
II
CITY OF FRIENDSWOOD, TEXAS
II CITY WATER AND SEWER SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
as of SEPTEMBER 30, 1971
II Balance Balance
10-1-70 Additions Deletions 9-30-71
liLand $ 38,229.10 $ 38,229.10
Total Land $ 38,229.10 $ 38,229.10
IIStructures and Improvements
Water Plants $ 155,885.93 $ 155,885.93
Water Distribution System 309,586.46 $ 15,924.89 325,511.35
II Sewage Collection System 568,581.03 390,287.50 958,868.53
Ground Storage Tank 71,416.61 71,416.61
Sewage Disposal Plant 192,232.63 212,822.94 405,055.57
II Laboratory 7,054.44 7,054.44
Warehouse Building 6,225.00 6,225.00
Total Structures and Improvements $1,310,982.10 $1,930,017.43
I
Construction in Progress $ 606,248.87 1,500.00 $607,748.87 $ 0.00
Total Construction in Progress $ 606,248.87 $ 0.00
II Other
Office Furniture and Equipment $ 5,388.88 $ 5,388.88
Machinery and Equipment
II Trucks 4,752.15 2,898.71 7,650.86
Radio Equipment 1,095.33 816.18 1,911.51
Tools 1,453.18 1,453.18
Backhoe 6,200.00 6,200.00
II Utility Pump 1,500.00 1,500.00
Smoke Testing Machine-Sewer Lines 257.42 257.42
Two-wheel Flat Bed Trailer 245.00 245.00
II Lawn Mower 129.95 129.95
$ 20,891.96 $ 24,736.80
Less : Bonds Matured Prior to
11 Acquisition 4,000.00 4,000.00
Total Other $ 16,891.96 $ 20,736.80
Total Property, Plant and Equipment $1,972,352.03 $624,380.17 $607,748.87 $1,988,983.33
Source of Funds
From Bonds Assumed $ 596,000.00
II From General Obligation Bonds Issued 200,000.00
From Revenue Bonds Issued 700,000.00
From Interest Earned on Bond Funds 16,178.49
I From Maintenance and Operating Funds 172,102.09
From Contributions by Land Owners 11,767.87
From Federal Agencies 292,934.88
Total $1,988,983.33
11 14
1
CITY OF FRIENDSWOOD, TEXAS
ANNEXED WATER DISTRICT (WCID #21) SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
as of SEPTEMBER 30, 1971
I
Balance Balance
10-1-70 Additions Deletions 9-30-71
Structures and Improvements
Land, Water Well and Plumbing
Facilities $ 61,194.52 $ 61,194.52
Water Distribution 109,814.02 109,814.02
Sewage Collection System 230,517.87 230,517.87
Storm Sewer Facilities 203,370.00 203,370.00
Total Property, Plant and
Equipment $ 604,896.41 $ 604,896.41
IISource of Funds
From Bonds Assumed $ 600,000.00
From Maintenance and Operating Account 4,896.41
Total $ 604,896.41
I
I
I
1
1
I
15
11
II
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS
11
INTEREST AND SINKING FUNDS
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
II
City Water and
1957 1962
Total Series Series
II
Cash Balance - October 1, 1970 $ 39,057.77 $ 895.11 $ 2,883.70
Receipts II
1970 Tax Levy
39% - City Levy $ 58,920.48 $ 788.41 $ 4,336.25
39% - WCID #21 Levy 23,705.51II
1969 Tax Levy 372.55 13.01 16.73
1968 Tax Levy 435.39 14.94 69.66
1967 Tax Levy 807.52 26.80 81.20
1966 Tax Levy 248.18 10.94 39.06 11
1965 Tax Levy 118.25 6.95 24.83
1964 Tax Levy 101.50 4.62 23.34
1963 Tax Levy 101.50 4.64 23.34II
Penalty and Interest 896.32 24.12 120.63
Transfer from Water and Sewer
Operating Fund 49,500.00II
Interest on Time Deposits 1,746.25 34.90 87.31
Total Receipts $136,953.45 $ 929.33 $ 4,822.35
II
Total to be Accounted For $176,011.22 $ 1,824.44 $ 7,706.05
DisbursementsII
Debt Service
Interest Paid $107,765.50 $ 1,450.00 $ 6,750.00
Bonds Retired 20,000.00
II
Fees 144.25
Total Disbursements $127,909.75 $ 1,450.00 $ 6,750.00
II
Cash Balance - September 30, 1971 $ 48,101.47 $ 374.44 $ 956.05 1
1
II
II
16 I
II
1
II
IISewer System Annexed Water District System
1963 1967 1969 1969 1964
IISeries Series Refunding Revenue Series
$ 5,488.43 $ 5,113.39 $ 5,158.75 $ 21,767.39 $ (2,249.00)
II
$ 9,460.91 $ 12,614.55 $ 12,220.36 $ 19,500.00
II
23,705.51
104.09 117.09 120.80 .83
108.84 89.25 152.70
I 133.41 156.62 182.02 227.47
61.39 74.65 62.14
39.02 47.45
1 23.34 50.20
22.33 51.19
190.70 241.26 227.51 92.10
Is49,500.00
209.55 192.09 227.04 995.36
II $ 10,353.58 $ 13,410.86 $ 13,353.92 $ 50,495.36 $ 43,588.05
$ 15,842.01 $ 18,524.25 $ 18,512.67 $ 72,262.75 $ 41,339.05
II
$ 6,177.50 $ 8,375 .00 $ 11,025.00 $ 43,988.00 $ 30,000.00
II 5,000.00 5,000.00 5,000.00 5,000.00
69.25 75.00
II $ 11,177.50 $ 13,375.00 $ 16,025.00 $ 49,057.25 $ 30,075.00
II $ 4,664.51 $ 5,149.25 $ 2,487.67 $ 23,205.50 $ 11,264.05
II
1
I
II 17
e
1
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
BOND RESERVE ACCOUNT
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
1
City Water and Sewer System
1957 & 1958 1969 Revenue
Total Series Series
Cash Balance - October 1, 1970 $ 10,445.94 $ 5,945.94 $ 4,500.00
Receipts
Interest Earned 167.71 167.71
Transfer from Water and Sewer
Operating Fund 6,000.00 6,000.00
Total to be Accounted For $ 16,613.65 $ 6,113.65 $ 10,500.00
Disbursements
None
1
1 Cash Balance - September 30, 1971 $ 16,613.65 $ 6,113.65 $ 10,500.00
1
1
1
1
1
1
18
I!
!!
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF BOND MATURITIES AND INTEREST REQUIREMENTS
WATER AND SEWER SYSTEM !!
CITY SYSTEM WCID # 21I!
GENERAL COMBINATION COMBINATION
OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE
FISCAL BOND BOND BOND BOND TOTAL BOND
YEAR MATURITIES MATURITIES MATURITIES MATURITIES MATURITIES ll
1971 - 1972 $ 10,000.00 $ 10,000.00 $ 10,000.00 $ 30,000.00
1972 - 1973 15,000.00 10,000.00 10,000.00 35,000.00 !!
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 10,000.00 43,000.00
1975 - 1976 23,000.00 6,000.00 15,000.00 10,000.00 54,000.00
11
1976 - 1977 16,000.00 15,000.00 15,000.00 46,000.00
1977 - 1978 21,000.00 2,000.00 15,000.00 15,000.00 53,000.00
1978 - 1979 21,000.00 6,000.00 15,000.00 15,000.00 57,000.00
1979 - 1980 26,000.00 6,000.00 15,000.00 15,000.00 62,000.00
11
1980 - 1981 32,000.00 8,000.00 15,000.00 15,000.00 70,000.00
1981 - 1982 32,000.00 20,000.00 20,000.00 72,000.00
1982 - 1983 32,000.00 20,000.00 20,000.00 72,000.00I!
1983 - 1984 32,000.00 20,000.00 20,000.00 72,000.00
1984 - 1985 32,000.00 20,000.00 20,000.00 72,000.00
1985 - 1986 38,000.00 20,000.00 20,000.00 78,000.00
1!
1986 - 1987 38,000.00 25,000.00 25,000.00 88,000.00
1987 - 1988 39,000.00 25,000.00 25,000.00 89,000.00
1988 - 1989 25,000.00 25,000.00 25,000.00 75,000.00
1989 - 1990 25,000.00 30,000.00 25,000.00 80,000.001:
1990 - 1991 25,000.00 30,000.00 25,000.00 80,000.00
1991 - 1992 24,000.00 35,000.00 30,000.00 89,000.00
1992 - 1993 20,000.00 35,000.00 30,000.00 85,000.00I!
1993 - 1994 35,000.00 30,000.00 65,000.00
1994 - 1995 30,000.00 40,000.00 30,000.00 100,000.00
1995 - 1996 30,000.00 40,000.00 30,000.00 100,000.00
1996 - 1997 30,000.00 45,000.00 30,000.00 105,000.00 1!
1997 - 1998 35,000.00 50,000.00 35,000.00 120,000.00
1998 - 1999 25 ,000.00 50,000.00 35,000.00 110,000.00
II
$ 713,000.00 $ 29,000.00 $695,000.00 $600,000.00 $2,037,000.00
1!
II
11
11
19 1
1
1
1
II
INTEREST
CITY SYSTEM WCID # 21 TOTAL
GENERAL COMBINATION COMBINATION PRINCIPAL
I OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE TOTAL BOND AND
BONDS BONDS BONDS BONDS INTEREST INTEREST
$ 31,777.50 $ 1,450.00 $ 43,500.00 $ 30,000.00 $ 106,727.50 $ 136,727.50
II 31,227.50 1,450.00 42,850.00 29,500.00 105,027.50 140,027.50
30,552.50 1,450.00 42,200.00 29,000.00 103,202.50 138,202.50
29,747.50 1,425.00 41,550.00 28,500.00 101,222.50 144,222.50
II 28,795.00 1,250.00 40,737.50 28,000.00 98,782.50 152,782.50
28,000.00 1,100.00 39,762.50 27,500.00 96,362.50 142,362.50
27,255.00 1,050.00 38,787.50 26,750.00 93,842.50 146,842.50
II 26,362.50 850.00 37,812.50 26,000.00 91,025.00 148,025.00
25,322.50 550.00 36,837.50 25,250.00 87,960.00 149,960.00
24,026.25 200.00 35,862.50 24,500.00 84,588.75 154,588.75
22,598.75 34,725.00 23,750.00 81,073.75 153,073.75
II 21,171.25 33,425 .00 22,750.00 77,346.25 149,346.25
19,743.75 32,125 .00 21,750.00 73,618.75 145,618.75
18,316.25 30,825.00 20,750.00 69,891.25 141,891.25
II 16,742.50 29,525.00 19,750.00 66,017.50 144,017.50
15,022.50 28,062.50 18,750.00 61,835.00 149,835.00
13,281.25 26,437.50 17,500.00 57,218.75 146,218.75
II 11,812.50 24,812.50 16,250.00 52,875.00 127,875.00
10,637.50 23,025.00 15,000.00 48,662.50 128,662.50
9,462.50 21,131.28 13,750.00 44,343.78 124,343.78
8,312.50 19,140.66 12,500.00 39,953.16 128,953.16
II 7,250.00 16,996.91 11,000.00 35,246.91 120,246.91
6,750.00 14,853. 16 9,500.00 31,103.16 96,103.16
6,075 .00 12,556.29 8,000.00 26,631.29 126,631.29
11 4,725.00 10,106.29 6,500.00 21,331.29 121,331.29
3,375 .00 7,503.17 5,000.00 15,878.17 120,878.17
1,912.50 4,593.80 3,500.00 10,006.30 130,006.30
II562.50 1,531.30 1,750.00 3,843.80 113,843.80
$480,817.50 $ 10,775.00 $771,275 .36 $522,750.00 $1,785,617.86 $3,822,617.86
II
I
II
I
II 20
11
!!
CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
BOND REQUIREMENTS COMPARED WITH ACTUAL Ir
SEPTEMBER 30, 1971
CITY WATER AND SEWER SYSTEM NEXT MATURITY "
ISSUE DATE PRINCIPAL INTEREST
Galveston County WCID #15 !!
Combination Revenue and Tax Bonds 3-1-72 $ 725.00
Series 1957 $ 0.00
IF
Galveston County WCID #15
Unlimited Tax Bonds 3-1-72 3,375.00
Series 1962 0.00 !!
Galveston County WCID #15
Unlimited Tax Bonds 3-1-72 3,045.00
!!
Series 1963 3-1-72 5,000.00
City of Friendswood, Texas
Sewer Improvement Bonds 3-1-72 4,125.00 !!
Series 1967 3-1-72 5,000.00
City of Friendswood, Texas
General Obligation Refunding Bonds 3-1-72 5,450.00
Series 1969 0.00
City of Friendswood, Texas rik
Waterworks and Sanitary Sewer System
Revenue Bonds 3-1-72 21,912.86
Series 1969 3-1-72 10,000.00
Total City Water and Sewer System
ANNEXED WATER DISTRICT SYSTEM
Galveston County WCID #21
Combination Tax and Revenue Bonds 2-1-72 15 ,000.00
Series 1964 2-1-72 10,000.00 11
Total Annexed Water District System
Grand Total
I!
*Payments to Reserve Fund began 1-10-70 at rate of
$500.00 per month until Reserve Fund reaches $50,000.00
I!
11
2111
1
I
1
ACCRUED INTEREST AND ACCRUED RESERVE
1 PRINCIPAL REQUIREMENT REQUIREMENT
9-30-71 9-30-71 COMPARISON 9-30-71
BASIS AMOUNT AMOUNT REQUIREMENT AVAILABLE
1
1/6 $ 120.83 $ 4,950.10 $ 5,070.93 $ 6,561.99
1
1/6 $ 562.50 562.50 1,267.17
1
II 1/6 $ 507.50
7/12 2,916.67
$ 3,424.17 3,424.17 5,339.78
1 1/6 $ 687.50
7/12 2,916.67
$ 3,604.17 3,604.17 5,897.35
1 1/6 $ 908.33 908.33 3,494.82
1
1/6 $ 3,652.14
1 7/12 5,833.34
$ 9,485.48 10,500.00* 19,985.48 33,705.50
II $ 18,105.48 $ 15,450.10 $ 33,555.58 $ 56,266.61
1/3 $ 5,000.00
II8/12 6,666.67
$ 11,666.67 $ 11,666.67 $ 11,697.89
II $ 11,666.67 $ 11,666.67 $ 11,697.89
$ 29,772.15 $ 45,222.25 $ 67,964.50
1
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II
22
11
!!
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
AS OF SEPTEMBER 30, 1971 !!
CombinedI!
All General
Funds Fund
ASSETS AND OTHER DEBITS I!
Assets - Other than Fixed
Petty Cash $ 125.00 $ 25.00I!
Cash on Hand - Undeposited Revenues 117.00 117.00
Cash in Bank 86,572.54 51,191.65
Taxes Receivable 5,635.93 5,635.93I!
Less : Reserve for Uncollected Taxes (5,635.93) (5,635.93)
Accounts Receivable 19,583.57
Due from Annexed Water District
(WCID #21) System 689.69 I!
Advance Payment on Garbage Collection 1,201.60
Due from Social Security Fund 1,606.81 1,606.81
Utility Deposits 20.0011
Fund Accounts
Water and Sewer System Construction Fund
Deferred Charges (Engineering Fees) 19,455.29
Interest and Sinking Fund
Cash in Bank 48,101.47
Taxes Receivable 3,249.38
Bond Reserve Account
Cash in Bank 16,613.65
Total Assets - Other than Fixed $ 197,336.00 $ 52,940.46
Fixed Assets
Land $ 96,751.62
Structures and Improvements 2,773,336.05
Machinery and Equipment 77,571.03
Furniture, Fixtures, Office Equipment 11,480.49
Total Fixed Assets $2,959,139.19
Less: Allowance for Depreciation 185,669.54
Net Fixed Assets $2,773,469.65
11
Grand Total $2,970,805.65 $ 52,940.46
1
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11
23 ,
1
•1
1
Social City Annexed General
Security Water and Sewer Water District Fixed
Fund Fund Fund Assets
1
$ 100.00
$ 3,178.81 32,202.08
1
13,101.25 $ 6,482.32
689.69
1,201.60
1 20.00
19,455.29
36,837.42 11,264.05
2,815.54 433.84
16,613.65
$ 3,178.81 $ 123,036.52 $ 18,180.21
$ 38,229.10 $ 58,522.52
1,930,017.43 $604,896.41 238,422.21
18,347.92 59,223.11
2,388.88 9,091.61
$1,988,983.33 $604,896.41 $365,259.45
149,546.61 36,122.93
$1,839,436.72 $568,773.48 $365,259.45
1
$ 3,178.81 $1,962,473.24 $586,953.69 $365,259.45
1
1
1
1 24
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS Or
AS OF SEPTEMBER 30, 1971
PP
Combined
All General
Funds Fund
LIABILITIES, RESERVES AND SURPLUS .
Liabilities - Other than Long-Term
Accounts Payable $ 1,791,52
Customers' Meter Deposits 1,583.75
Due to General Fund 1,606.81
Due to City Water and Sewer System 689.69
Due to Federal Agencies (HUD) 19,455.29
Accrued Bond Interest Payable 11,438.80
Accrued Bond Principal Payable 18,333.35
Grant Funds Encumbered - Library 2,104.42 $ 2,104.42 60
Sales Tax Funds Encumbered - Parks and
Recreation 2,016.79 2,016.79
Total Liabilities - Other than Long-Term $ 59,020.42 $ 4,121.21 !!
Long-Term Liabilities
Total Bonds Payable $2,037,000.00
Less: Accrued Principal Classified as
Current Liability 18,333.35
Total Long-Term Liabilities $2,018,666.65
Total Liabilities $2,077,687.07 $ 4,121.21
Other Credits
Reserve for Retirement of Sinking Fund
Bonds $ 56,525.70
Social Security Fund Reserve 1,572.00
1!
Contributions
By Land Owners 11,767,87
By Federal Agencies 403,802.39
Total Other Credits $ 473,667.96
Surplus
Arising from Bonds Retired $ 59,000.00
Arising from Revenues Invested in
Fixed Assets 280,132.58
Arising from Contributions 167,436.35
Unappropriated Surplus (87,118.31) $ 48,819.25
Total Surplus $ 419,450.62 $ 48,819.25
Grand Totals $2,970,805.65 $ 52,940.46
25 1
II
11
II
II Social City Annexed General
Security Water and Sewer Water District Fixed
Fund Fund Fund Assets
II
II $ 1,791.52
1,583.75
$ 1,606.81
Is 689.69
19,455.29
6,438.80 5,000.00
I11,666.68 6,666.67
II $ 1,606.81 $ 40,936.04 $ 12,356.36
II $1,437,000.00 $600,000.00
11,666.68 6,666.67
II $1,425,333.32 $593,333.33
$ 1,606.81 $1,466,269.36 $605,689.69
11
$ 49,827.81 $ 6,697.89
I $ 1,572.00
11,767.87
II 292,934.88 $110,867.51
$ 1,572.00 $ 354,530.56 $ 6,697.89 $110,867.51
II $ 59,000.00
188,280.58 $ 4,896.41 $ 86,955.59
II
167,436.35
(105,607.26) (30,330.30)
$ 1,572.00 $ 141,673.32 $(25,433.89) $254,391.94
II
$ 3,178.81 $1,962,473.24 $586,953.69 $365,259.45
II
II 26
I
CITY OF FRIENDSWOOD,
ANALYSIS OF CHANGES IN UNAPPRO]
OCTOBER 1, 1970 to SEPTEMB]
I
Total
Balance - October 1, 1970 $(51,741.97)
Additions
Excess of Revenues over Operating
Expenditures $ 70,545.30
Interest Earned on Social Security
Fund 139.11
Federal Grant Funds Received 32,640.00
Galvestc_ County Library Funds
Received 10,000.00
Sale of Equipment 350.00
Total Additions $113,674.41
11 $ 61,932.44
Deductions
Provision for Depreciation $ 47,599.95
Capital Outlay 49,180.61
Decrease in Funds Budgeted for
Transfer to Water and Sewer
Construction (7,351.02)
Reserve for Encumberances
Grant Funds (Library) 2,104.42
Sales Tax Receipts (Parks and
Recreation) 2,016.79
Transfer to Interest and Sinking
Fund 49,500,00
Transfer to Bond Reserve Account 6,000.00
Total Deductions $149,050.75
ItBalance - September 30, 1971 $(87,118.31)
27
1
II
CITY OF FRIENDSWOOD, TEXAS
II COMPARISON OF BUDGET WITH ACTUAL RECEIPTS AND DISBURSEMENTS
GENERAL FUND
OCTOBER 1, 1970 to SEPTEMBER 30, 1971
IActual Budget
1 Receipts
Ad Valorem Taxes $134,952.95 $123,147.50
Fines and Fees 12,385.25 3,185.00
1 Inspection Permits and Licenses 14,679.85 5,000.00
Franchise and Gross Receipts Tax 19,041.96 19,000.00
City Sales Tax 15,096.55 8,000.00
Rent 150.00 300.00
IIInterest Earned 2,893.84 500.00
Miscellaneous 1,429.63 200.00
Galveston County (Library) 10,000.00 10,000.00
1 Federal Grant Funds 32,640.00 30,000.00
Sale of Fogging Machine 350.00
Carry-over from 1970 97,177.84 97,177.84
IITotal Receipts $340,797.87 $296,510.34
Operating Expenses
General and Administrative $ 40,539.56 $ 37,364.42
II Police Department 49,146.28 44,926.88
Streets and Drainage Expenses 86,960.85 72,067.06
Miscellaneous Other Expenses 45,399.46 48,722.00
1 Total Operating Expenses $222,046.15 $203,080.36
Excess of Receipts over Operating Expenses $118,751.72 $ 93,429.98
ICapital Outlay
General and Administrative $ 2,920.30 $ 2,618.35
Police Department 3,542.00 3,575.00
11 Streets and Drainage 10,188.20 11,500.00
Other
Library 7,895.58 10,000.00
1 Civil Defense 320.00 320.00
Mosquito Control 332.21 340.00
Total Capital Outlay $ 25,198.29 $ 28,353.35
IIBalance of Excess Funds $ 93,553.43 $ 65,076.63
Other
1 Transfer of General Funds to Water and
Sewer Construction $ 40,612.97 $ 47,963.99
Budget Adjustment Account 17,112.64
II Reserve for Encumberances
Grant Funds (Library) 2,104.42
Sales Tax Receipts (Parks and Recreation) 2,016.79
Total Other $ 44,734.18 $ 65,076.63
II
Surplus - September 30, 1971 $ 48,819.25 $ 0.00
1 28
1
1 CITY OF FRIENDSWOOD, TEXAS
COMPARISON OF BUDGET WITH ACTUAL INCOME AND EXPENSES
WATER AND SEWER SYSTEMS
1 OCTOBER 1, 1970 to SEPTEMBER 30, 1971
Annexed
City District
Budget Total System WCID #21
I
Carryover from Prior Years $ 37,133.77
Income
1 Revenue - Water and Sewer Charges $150,000.00 $173,076.99 $133,553.03 $ 39,523.96
Reconnect Fees 175.00 125.00 50.00
Taps 6,000.00 19,223.50 19,223.50
1 Interest Earned on Utility Deposit .21 .21
Total Income $156,000.00 $192,475.70 $152,901.74 $ 39,573.96
$193,133.77 $192,475.70 $152,901.74 $ 39,573.96
1 Operating Expenses
Salaries and Wages $ 47,871.50 $ 47,237.89 $ 29,570.92 $ 17,666.97
Payroll Taxes 2,298.34 2,206.70 1,381.39 825.31
II Employee Benefits 1,217.67 979.14 612.94 366.20
Plant Operations
Water 2,000.00 1,667.64 1,043.94 623.70
1 Sewer 5,500.00 5,607.87 3,510.53 2,097.34
Plant Repairs
Water 3,000.00 743.84 465 .64 278.20
Sewer 4,000.00 1,110.62 695.25 415.37
1 Line Repairs
Water 700.00 3,081.42 1,928.97 1,152.45
Sewer 2,300.00 5,486.79 3,434.73 2,052.06
II Equipment Repairs 750.00 1,215.39 760.83 454.56
Taps
Water 4,500.00 7,469.81 7,469.81
II Sewer 1,500.00 2,580.95 2,580.95
Laboratory Expense 1,000.00 154.46 96.69 57.77
Bulk Gasoline 725.00 822.59 514.94 307.65
Utilities 10,000.00 12,077.91 7,560.77 4,517.14
II Office and General Administrative 3,000.00 2,585.83 1,618.73 967.10
Insurance and Bonds 980.60 1,855.68 1,161.66 694.02
Auditing Expense 1,000.00 2,000.00 1,252.00 748.00
1 Engineering Fees 266.64
1, 166.92 99.72
Legal Expense 1,200.00 200.00 751.20 448.80
Other - Instructions 200.00 24.00 15.03 8.97
Total Operating Expenses $ 93,743.11 $100,375.17 $ 66,593.84 $ 33,781.33
II
Income Available for Debt Service $ 99,390.66 $ 92,100.53 $ 86,307.90 $ 5,792.63
II Other Disbursements
Capital Outlay $ 30,256.00 $ 23,982.32 $ 23,982.32
Transfer to Interest and
II Sinking Fund 48,987.50 49,500.00 49,500.00
Transfer to Bond Reserve 6,000.00 6,000.00 6,000.00
Budget Adjustment 14,147.16
Total Other Disbursements $ 99,390.66 $ 79,482.32 $ 79,482.32
IIBalance $ 0.00 $ 12,618.21 $ 6,825.58 $ 5,792.63
II 29
I
I
CITY OF FRIENDSWOOD, TEXAS
I SCHEDULE OF GENERAL FIXED ASSETS
AS OF SEPTEMBER 30, 1971
I Balance Balance
10-1-70 Additions Deletions 9-30-71
I City Hall
Building $ 76,500.00 $ 76,500.00
I Furniture, Fixtures and Office Equipment
File Cabinets $ 279.92 $ 310.90 $ 590.82
Furniture (Desks, Tables, Chairs) 1,370.84 807.90 2,178.74
Adding Machines 321.55 321.55
11 Typewriters 718.00 718.00
Mimeograph and Stand 730.00 730.00
Sony Tape Recorder and Stand 307.30 307.30
I Furnishings - Mayor's Office 842.80 842.80
Flag Set 79.00 79.00
Water Cooler 196.00 196.00
I G.E. Vacuum Cleaner 37.50 37.50
Data Link Postage Dispenser 60.95 60.95
Apeco Roll-o-Matic Copier 1,227.45 1,227.45
Apeco Laminator 445.50 445.50
I Marchant 6161 Calculator 831.00 831.00
RCA Used Mobile Radio 400.00 400.00
Bogen MO-100 Amplifier 125.00 125.00
IITotal Office Equipment $ 6,171.31 $ 9,091.61
Police Department
II 1968 Plymouth Pursuit Sedan $ 2,647.00 $ 2,647.00
1957 Chevrolet Ton Pickup 120.00 $ 120.00
Radio Equipment 4,681.94 4,681.94
Emergency Warning Light 65.00 65.00
II Radar Unit 732.85 500.00 1,232.85
Miscellaneous Other Equipment 148.40 162.00 310.40
Office Furniture and Equipment 591.18 591.18
I 1970 Plymouth Police Car 2,768.60 125.00 2,893.60
1971 Dodge Polara Police Car 2,755.00 2,755.00
Total Police Department $ 11,754.97 $ 12,584.97
I Streets and Bridges
Street Improvement $ 28.80 $ 28.80
Street Signs 4,895.49 4,895.49
I Right-O-Way Castlewood Bridge 5,471.50 4,500.00 9,971.50
5,100.71 5,100.71
Equipment
I International Tractor with Mower 3,302.00 3,302.00
1967 Ford 2 Ton Dump Truck 3,979.32 3,979.32
Used Caterpillar Grader 9,200.00 9,200.00
1968 Ford i Ton Pickup Truck 1,822.00 1,822.00
II
Miscellaneous Other Equipment 810.85 810.85
Rotary Cutter 565.00 565.00
Pneumatic Roller 500.00 500.00
11
30
1
SCHEDULE OF GENERAL FIXED ASSETS
continued
II Balance Balance
10-1-70 Additions Deletions 9-30-71
Streets and Bridges - continued
1 Radio Equipment (Truck) $
840.53 840.53
Ferguson 2-3 Ton Roller 1,950.00 1,950.00
1953 Studebaker Cargo Truck with
2,000 gallon Water Tank 792.29 792.29
II
Used International Tractor 704.96 704.96
Used Gradall 12,000.00 12,000.00
1971 Ford i Ton Pickup Truck $ 2,890.97 2,890.97
1 Tool Box for Ford Pickup Truck 109.59
2,405 .50109.59
1964 International 3 Ton Dump Truck 2,405.50
International Harvester Tractor 77.30 77.30
I Equipment Warehouse 446.00
$ 204.84 650.84
Total Streets and Bridges52,409.45 $ 62,597.65
Library
IILibrary Site $ 7,838.00 $ 7,838.00
Library Building 123,065.71 123,065.71
Library Parking Lot 1,433.24 1,433.24
I
Furniture and Equipment 1,979.54 7,488.59
3,441.15 9,468.13
Books 3,441.15
Construction in Progress 4,467.40 (4,467.40)
1 Total Library $137,350.65 $145,246.23
Civil Defense
Generators (6) $ 472.00 320.00 $ 792.00
II Semi Van-Type Trailer 300.00 300.00
Bell and Howell Film Projector 545.00 545.00
Civil Defense Antenna 81.20 81.20
1 Total Civil Defense $ 1,398.20 $ 1,718.20
Parks
Park Site (8.38 Acres) $ 30,524.52 $ 30,524.52
II Park Site (10 Acres) 20,160.00 20,160.00
Total Parks $ 50,684.52 $ 50,684.52
1 Other
1965 Ford Sedan $ 2,487.42 $ 2,487.42
Jail Bunks 492.49 492.49
II Dog Pound 3,374.15 3,374.15
Mosquito Control Equipment 1,163.91 332.21 1,013.91 482.21
Total Other $ 7,517.97 $ 6,836.27
1 Total General Fixed Assets $343,787.07 $ 25,198.29 $ 3,725.91 $365,259.45
Source of Funds
II From Revenues Invested in Fixed Assets $ 86,955.59
From Contributions 72,040.77
From Federal Funds 110,867.51
11 From State Funds 50,000.00
From Moody Foundation 37,500.00
From Galveston County Funds 7,895.58
IITotal 31 $365,259.45
I
II
CITY OF FRIENDSWOOD, TEXAS
II STATEMENT OF BONDS PAYABLE
SEPTEMBER 30, 1971
II
Amount Maturity
of Interest Bonds
IIName of Issue Issue Date Rate Amount Outstanding
WATER AND SEWER SYSTEM
IIGalveston County Water Control
& Improvement District #15 Com-
bination Revenue and Unlimited Tax
II Bonds dated July 1, 1957
Bonds assumed under City Ordinance
#51A as of 12-1-64 $246,000 $ 29,000.00
11 Bonds Maturing March 1, 1976 and 3-1-75 5.00% $ 1,000
thereafter, are redeemable in whole 3-1-76 5.00 6,000
II or in part in inverse numerical 3-1-78 5.00 2,000
order, on March 1, 1975 or any 3-1-79 5.00 6,000
interest payment date thereafter 3-1-80 5.00 6,000
at par and accrued interest. 3-1-81 5.00 8,000
II
Galveston County Water Control
II & Improvement District #15
Unlimited Tax Bonds dated October
1, 1962
II Bonds assumed under City Ordinance
#51A as of 12-1-64 $150,000 150,000.00
3-1-95 4.50% 30,000
Bonds are optional on March 1, 3-1-96 4.50 30,000
11 1981 or on any interest payment 3-1-97 4.50 30,000
date thereafter at par and accrued 3-1-98 4.50 35,000
interest. 3-1-99 4.50 25,000
11
Galveston County Water Control
& Improvement District #15
IUnlimited Tax Bonds dated
October 1, 1963
Bonds assumed under City Ordinance
11 #51A as of 12-1-64 $175,000 150,000.00
3-1-72 3.50 5,000
Bonds Maturing March 1, 1982 and 3-1-73 3.50 5,000
thereafter, are redeemable in whole 3-1-74 3.50 5,000
I or in part, in inverse numerical 3-1-75 3.50 5,000
order, on March 1, 1981 or any 3-1-76 3.50 6,000
interest payment date thereafter 3-1-77 3.50 6,000
11 at par and accrued interest . 3-1-78 3.50 6,000
3-1-79 4.25 6,000
3-1-80 4.25 6,000
11 32
1
1
STATEMENT OF BONDS PAYABLE
II - continued -
II
3-1-81 4.25% $ 7,000
3-1-82 4.25 7,000
3-1-83 4.25 7,000
I
3-1-84 4.25 7,000
3-1-85 4.25 7,000
3-1-86 4.25 8,000
I
3-1-87 4.25 8,000
3-1-88 4.25 9,000
3-1-89 4.25 10,000
3-1-90 4.25 10,000
I 3-1-91 4.25 10,000
3-1-92 4.25 10,000
II City of Friendswood, Texas
Sewer Improvement Bonds
dated March 1, 1967 $200,000 $ 195,000.00
I
3-1-72 5 .00 5,000
Bonds Maturing March 1, 1983 3-1-73 5.00 5,000
and thereafter, are optional 3-1-74 5 .00 5,000
in whole or in part, on March 1, 3-1-75 4.10 10,000
II 1982 or any interest payment date 3-1-76 4.10 10,000
thereafter at par and accrued 3-1-77 4.10 10,000
interest. 3-1-78 4.10 10,000
I
3-1-79 4.10 10,000
3-1-80 4.10 10,000
3-1-81 4.20 15 ,000
I
3-1-82 4.20 15,000
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
dated March 1, 1969 $257,000 218,000.00
II
3-1-73 5.00 5,000
Bonds Maturing March 1, 1985 3-1-74 5.00 5,000
and thereafter, are optional 3-1-75 5.00 7,000
II in whole or in part, on March 1, 3-1-76 5.00 7,000
1984 or any interest payment date 3-1-78 5 .00 5,000
thereafter at par and accrued 3-1-79 5.00 5,000
I
interest . 3-1-80 5.00 10,000
3-1-81 5.00 10,000
3-1-82 5.00 10,000
3-1-83 5.00 10,000
1 3-1-84 5.00 10,000
3-1-85 5.00 10,000
I
33
STATEMENT OF BONDS PAYABLE
continued -
3-1-86 5,00% $ 15,000
3-1-87 5.00 15,000
3-1-80 5,00 15,000
3-1-89 5.00 15,000 |
3-1-80 5.00 15,000
3-1-91 5.00 15,000
2-1-92 5,00 14,000
3-l-93 5.00 20,000
.
City of Frimodawnmd, Texas
N� Waterworks and Sanitary Sewer System
~� Revenue Bonds
dated May l, lSGS $700,000 $ 695,008.00
3-1-73 6.50 10,008
N� Bonds Maturing March l, 1988 3-1-73 6.50 10,000
and thereafter, are redeemable 3-1-74 6.50 10,000
in whole or in part, in inverse 3-1-75 6.50 10,000
N� numerical order, on March l, 1987 3-1-76 6,50 15,000
or any interest payment date 3-1-77 6.50 15,000
thereafter at par and accrued 3-1-70 6.50 15,000
0� interest . 3-1-79 6.50 15,000
�m 3-1-80 6,58 15,000
3-1-81 6.50 15,000
3-1-82 6.50 20,000
3-1-03 6.50 30,000
3-1-04 6,50 28,000
3-1-85 8.50 20,000
N� 3-1-05 8.58 80,000
3-1-87 6.50 25,000
3-1-08 6,50 25,080
3-1-09 6,50 25,000
3-1-90 6.50 30,000
3-1-91 8.125 30,000
3-1-92 6.125 35,000
3-1-93 8.125 35,000
3-1-94 6,125 35,000
3-1-95 6.125 40,000
3-1-36 6.125 40,800
3-1-97 8.125 45,000
3-1-98 8.125 50,000
3-1-39 0.135 50,000
Bonds Payable - City Water and Sewer System $1,437,000.00
34
��
II
II
STATEMENT OF BONDS PAYABLE
II - continued -
IIANNEXED WATER DISTRICT SYSTEM
II Galveston County Water Control
& Improvement District #21
Waterworks and Sewer System
I
Combination Tax and Revenue Bonds
dated November 1, 1964
Bonds assumed under City Ordinance
#117 as of 11-18-68 and approved
II by Board of Directors of Galveston
County WCID #21 at its final
meeting on 4-3-69 $600,000 $ 600,000.00
1 8-1-72 5.00% $ 10,000
Bonds Maturing August 1, 1980 8-1-73 5.00 10,000
and thereafter are redeemable in 8-1-74 5.00 10,000
I
whole or in part, in inverse 8-1-75 5 .00 10,000
numerical order on August 1, 1979, 8-1-76 5.00 10,000
or any interest date thereafter 8-1-77 5.00 15,000
at the following redemption prices 8-1-78 5.00 15,000
II and accrued interest : 8-1-79 5.00 15,000
on 8-1-79 @ 103 % 8-1-80 5.00 15,000
2-1-80 or 8-1-80 @ 102i% 8-1-81 5.00 15,000
I
2-1-81 or 8-1-81 @ 102 ` 8-1-82 5.00 20,000
2-1-82 or 8-1-82 @ 101 % 8-1-83 5.00 20,000
2-1-83 or 8-1-83 @ 101 % 8-1-84 5 .00 20,000
2-1-84 or 8-1-84 @ 100i% 8-1-85 5.00 20,000
II2-1-85 or any interest payment 8-1-86 5.00 20,000
date thereafter at par and 8-1-87 5.00 25,000
accrued interest . 8-1-88 5.00 25,000
II 8-1-89 5.00 25,000
8-1-90 5.00 25,000
8-1-91 5.00 25,000
II 8-1-92 5.00 30,000
8-1-93 5 .00 30,000
8-1-94 5.00 30,000
8-1-95 5.00 30,000
II 8-1-96 5.00 30,000
8-1-97 5.00 30,000
8-1-98 5.00 35,000
II8-1-99 5.00 35,000
IIBonds Payable - Annexed Water District System $ 600,000.00
IITotal Bonds Payable $2,037,000.00
1 35
II
CITY OF FRIENDSWOOD, TEXAS
II SCHEDULE OF INSURANCE IN FORCE
OCTOBER 1, 1971
1
I
Aetna Insurance Company
Policy Number 61S14217
Term January 25, 1971 to January 25, 1972
II Kind Supervisors Bond - Drainage District
Premium $18.00
Person Covered James 0. Nye
Amount of Coverage $5,000
IIPolicy Numbers 61S19325 ; 61S19326; 61519327; 61S19328
Term January 11, 1971 to January 11, 1973
II Kind Supervisors Bonds - Drainage District
Premium $132.00
Persons Covered Leath North; William H. Taylor, Janice Taylor,
II William L. Wiegal
Amount of Coverage $5,000 each
Policy Number 61S5979 BC
II Term April 25, 1971 to April 25, 1972
Kind Tax Assessor - Collector's Bond
Premium $50.00
II Persons Covered Lawrence Bryan Cline
Amount of Coverage $10,000
IIWestern Surety Company
Policy Number 1245469
Term January 1, 1971 to December 31, 1971
11 Kind Plumbing Inspector Bond
Premium $5.00
Person Covered Kenneth R. Toon (Principal)
IIAmount of Coverage $1,000
American and Foreign Insurance
II Company (Royal Globe)
Policy Number ALU 65 70 13
Term October 1, 1971 to October 1, 1972
I Kind Comprehensive General Liability Insurance
Premium $2,170.00 (Estimated)
Coverage Bodily Injury Liability
1 $100,000 each person
300,000 each occurrence
300,000 aggregate
Property Damage Liability
I: $ 5,000 each occurrence
25,000 aggregate
II 36
I
I
SCHEDULE OF INSURANCE IN FORCE
11 - continued -
IIAmerican and Foreign Insurance
Company
Policy Number ACS 11 92 72
Term October 1, 1971 to October 1, 1972
Kind Workmen's Compensation and Employer's Liability
Premium $3,736.00 (Estimated)
Persons Covered Waterworks Operation; Sewage Disposal Plant Opera-
tions ; Street and Road Construction; Municipal,
County or State Employees engaged in manual labor
or supervisors of construction work; Clerical Office
Employees; Policemen; Mayor and City Councilmen
rated as Municipal Employees.
Amount of Coverage Bodily Injury
$100,000 each employee
100,000 each accident
Royal Indemnity Company
Policy Number 47-55-71
Term October 1, 1971 to October 1, 1972
Kind Honesty Blanket Bond Coverage
Premium $85.00
Persons Covered City Employees
Amount of Coverage $10,000
Royal Indemnity Company
Policy Number RLU 65 70 12
Term October 1, 1971 to October 1, 1972
Kind Comprehensive Automobile Liability Insurance
Premium $2,410.00
Amount of Coverage Bodily Injury Liability
1968 Ford i Ton Pickup Truck
1968 Ford Ton Pickup Truck
1966 Ford 1 Ton Stake Truck
1967 Ford 1 Ton Dump Truck
1965 Ford Sedan
1953 Studebaker 2i Ton Truck
1971 Ford Ton Pickup Truck
1971 Ford Ton Pickup Truck
1964 International Dump Truck
$100,000 each person
300,000 each occurrence
1971 Dodge Polara Police Car
1970 Plymouth Police Car
$ 10,000 each person
20,000 each occurrence
Property Damage Liability
1968 Ford Ton Pickup Truck
1968 Ford Ton Pickup Truck
37
1
11
SCHEDULE OF INSURANCE IN FORCE
- continued -
II1966 Ford 1 Ton Stake Truck
1967 Ford 1 Ton Dump Truck
1965 Ford Sedan
1953 Studebaker 2i Ton Truck
1971 Ford Ton Pickup Truck
1971 Ford Ton Pickup Truck
1964 International Dump Truck
$ 10,000 each occurrence
1971 Dodge Polara Police Car
1970 Plymouth Police Car
$ 5,000 each occurrence
Uninsured Motorists
$ 10,000 each person
20,000 each accident
Physical Damage
All automobiles listed above except 1953
Studebaker Truck
Collision $100 Deductible
Fire, Theft and Combined Additional Coverage
All automobiles listed above except 1953
Studebaker Truck - Actual Cash Value
Royal Indemnity Company
Policy Number RQS 24 16 78
Term October 1, 1971 to October 1, 1972
Kind Contractors Equipment Coverage - All Risk Form
Premium $416.00
Coverage 1) Gradall Model 2460 ($16,000)
11 Deductible - $320
2) Massey Front - End Loader ($ 3,600)
Deductible - $100
3) Huber Caterpillar Grader ($ 9,200)
Deductible - $100
4) Ferguson 2 Ton Tandem Roller ($ 2,000)
Deductible - $100
United States Fidelity and Guaranty Company
Policy Number FB 72775
Term October 1, 1970 to October 1, 1973
Kind Fire, Lightning, Extended Coverage, Vandalism
and Malicious Mischief
Premium $2,223.00
Amount of Coverage 1) $94,500 (90% co-insurance)
All buildings including City Hall,
All Steel Water Tank and Tower,
Chlorination Building, Outside Electrical
Panel and Outside Site Improvements
38
11
SCHEDULE OF INSURANCE IN FORCE
- continued -
11
2) $5,000 (80% co-insurance)
Contents, City Hall and Fire Department
11 3) $500 (80% co-insurance)
Contents Chlorination Building
11 American and Foreign Insurance Company
(Royal Globe)
Policy Number AKF 79 84 48
Term January 5, 1970 to January 5, 1973
Kind Fire, Lightning, Extended Coverage,
Vandalism and Malicious Mischief
Premium $463.00
Amount of Coverage 1) $105,000 (80% co-insurance)
Library Building at 416 N. Morningside
Drive, Friendswood, Texas
2) $25,000 (80% co-insurance)
Contents - Library Building
Aetna Life Insurance Company
Policy Number 103965 (Group Policy)
11 Effective Date July 29, 1968
Kind Group Life Insurance; Basic plus Major
Medical Plan Insurance
Persons Covered All Employees
Coverage Life Insurance
$ 2,000 Term Life Insurance
$ 2,000 Accidental Death and Dismemberment
Medical Insurance
$ 20 Hospital Room Daily Maximum
$20,000 Major Medical Maximum Benefits
($100.00 Deductible)
1
1
I
' 39