HomeMy WebLinkAbout1966 12 31 Financial Report - 1
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CITY OF FRIENDSWOOD, TEXAS
FINANCIAL REPORT
11 FOR THE FISCAL YEAR ENDED
DECEMBER 31, 1966
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ELECTED OFFICIALS
11 MAYOR
Ralph L. Lowe
ItCITY COUNCIL
11 Marvin L. Childers
William E. Davidson
Harry M. Hatcher
Wiley W. Murrell
Ralph W. Somers
L. B. Cline Tax Assessor and Collector
Mrs. Artha Wright City Secretary
P. 0. Box 122
Friendswood, Texas
1 TABLE OF CONTENTS
Page
Letter of Transmittal
IIStatement of Combined Cash Receipts and Disbursements
All Funds Except Utility Fund 1
1 General Fund - Operating Expenses
General and Administrative Expenses - Schedule I 2
Police Department Expenses - Schedule II 3
1 Street and Drainage Department Expenses - Schedule III 4
Miscellaneous Other Expenses - Schedule IV 5
1 Capital Expenditures - Schedule V 6
Comparison of the Budget with the Actual Receipts and
IIDisbursements - General Fund 7
Water and Sewer System - Statement of Income and Expenses 8
II Galveston County Water Control & Improvement District #15
(assumed City of Friendswood) Bonded Indebtedness -
Interest and Sinking Fund - Statement of Combined Cash
IIReceipts and Disbursements 9
Galveston County Water Control & Improvement District #15
II (assumed City of Friendswood) Bonded Indebtedness -
Interest & Sinking Fund Reserve Account - Statement of
Combined Cash Receipts and Disbursements 10
11 Water and Sewer System - Construction Account - Statement of
Cash Receipts and Disbursements 11
IIBalance Sheet - Water and Sewer System 12 & 13
Balance Sheet - All Funds 14 & 15
Analysis of Changes in Unappropriated Surplus 16
Schedule on Reserve for Retirement of Sinking Fund Bonds -
11 (assumed City of Friendswood) 17 & 18
Schedule of General Fixed Assets 19
I! Schedule of Property, Plant and Equipment - Water & Sewer System 20
Schedule of Principal and Interest Maturities - Galveston County
I! Water Control and Improvement District #15 (assumed City of
Friendswood) Waterworks and Sanitary Sewer System Combination
Revenue and Unlimited Tax Bonds 21
!! Schedule of Principal and Interest Maturities - Galveston County
Water Control and Improvement District #15 (assumed City of
11 Friendswood) Waterworks and Sewer System Unlimited Tax Bonds 22
Schedule of Insurance in Force 23 & 24
I HELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
HOUSTON, TEXAS 77002
11 March 27, 1967
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11 Honorable Mayor and City Council
City of Friendswood, Texas
11
is and disbursements of the
have examined the recorded cash receip
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CITY OF FRIENDSWOOD, TEXAS for the fiscal year ended December 31, 1966.
II 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
11 with such other procedures as I considered necessary under the circum-
stances.
11 Accounting records for the city are maintained on a cash basis; the
records for the water and sewer system are maintained on an accrual basis.
11 General City Government
The following is a summary of the cash receipts and disbursements of
11 the General Fund for the fiscal years ended December 31, 1964, 1965, and
1966.
I12-31-64 12-31-65 12-31-66
Revenues - Operating $30,472.04 $63,049.14 $79,243.68
IReceipts - Other 717.80 5,160.60
Total Receipts $30,472.04 $63,766.94 $84,404.28
11 Disbursements
Operating Expenses $15,279.84 $38,959.39 $54,561.43
I! Capital Expenditures 1,622.63 8,436.56 15,007.29
Other 1,572.00
Total Disbursements $18,474.47 $47,395.95 $69,568.72
11 Excess of Receipts over
Disbursements $11,997.57 $i6,370.99 $14,835.56
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Taxes
By City Ordanance #51A, passed and approved on December 21, 1964, the
City of Friendswood elected, under the provision of the state law governing,
to absorb the Galveston County WCID #15. Taxes levied by them and unpaid as
of December 31, 1964 were assigned to the City of Friendswood Water and Sewer
System.
The City of Friendswood levied taxes for the first time on October 1,
1964. The 1964 tax levy covered only general fund operating expenditures
inasmuch as the Galveston County WCID #15 had made its own levy in 1964 to
cover requirements of the bonded indebtedness of its system.
The 1965 and 1966 tax levies of the City of Friendswood, based on a
tax rate of $1.00 per $100 assessed valuation, were distributed as follows :
1965 1966
11 General Fund Operations $ 0.58 $ 4
Interest & Sinking Fund 0.42 0.336
Total 1.00 S 1.00
Taxes levied and collections thereon are as follows:
1964 1965 1966
Assessed Valuation - October 1 $6,577600 $8,231,591 $10,)45,650
Taxes Assessed $32,523.02 $82,315.91 $104,556.50
Collections to 12/31 $13,202.34 $52,070.30 $ 60,147.93
Total Collections 32,618.82 80,673.58
% Collected to 12/31 40.59% 63.26% 57.53%
% Total Collections 100.29% 98.00%
Friendswood City Hall
11 On December 19, 1966, the City of Friendswood formally accepted from
the Friendswood Chamber of Commerce, at no cost to the city, the new City
Hall which the city had occupied for approximately fourteen months. This
I! building was independently appraised at a value of $76,500.00 by the firm
of Pritchard and Abbott during their Friendswood reappraisal program in 1966.
1! Fire Truck Fund
!I At a special meeting held October 20, 1965, the City assumed financial
responsibility for a HPV 750 John Bean High Pressure Fog Fighter which was
donated to the Friendswood Voluntary Fire Department. The city executed a
note for $19,000 in payment for this equipment. This indebtedness is to be
retired through voluntary contributions by the citizens of Friendswood.
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During 1966, contributions totaling $5,121.90 were received. On December
31, 1966, there was a cash balance of $192.54 in the Fire Truck Fund and a
balance due on the note of $13,500.00.
Water & Sewer System
The following is a summary of income and expenses of the Water & Sewer
System for 1965 and 1966:
1965 1966
Operating Revenues $69,$06.57 $77,685.37
Less: Operating Expenses 55,999.36 68,909.76
Income Available for Debt Service $13,807.21 $ 8,775.61
Less: Provision for Depreciation 12,580.14 16,265.75
Operating Income $ 1,227.07 $(7,490.14)
As of December 31, 1966, there were 814 water connections and 720 sewer
connections.
Interest and Sinking Funds
The requirements of the Bond Order governing the Interest and Sinking
Funds on all series of bonds have been satisfied.
The Bond Order covering the 1957 and 1958 Series of bonds requires that
a Bond Reserve Account also be set up and that contributions be made to this
fund until such time as there is in the reserve fund an amount equal to the
average annual principal and interest requirements. During 1966, the Water
and Sewer Maintenance and Operating Fund transferred $2,300.00 to the Interest
and Sinking Fund Reserve account. The status of this account as of December
31, 1966, was as follows:
Amount on deposit in Reserve Account $10,774.59
Average annual principal and interest payments
I! 1957 and 1958 series 18,359.64
Additional Contributions due to the Reserve Account $ 7,585.05
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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 December 31, 1966 and the results of its
operations for the fiscal year then ended.
Very truly youys,
Heloise Brown Canter
11 Certified Public Accountant
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CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBUF
ALL FUNDS EXCEPT UTILITY FUND
FOR THE FISCAL YEAR ENDED DECEMBER 312_1
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Cash Balance - January 1, 1966 $
Receipts
Revenue
Ad Valorem Taxes - 1966 Roll $
Ad Valorem Taxes - 1965 Roll
Ad Valorem Taxes - 1964 Roll
Penalty and Interest - Delinquent Taxes
Tax Certificates
Franchise and Gross Receipts Taxes
Fines and Forfeits
Building Permits
Miscellaneous Other Permits
Dog Tags
Fee - Approval of Subdivision Lots
Interest Earned
Rent
Friendswood Forrest Neighborhood Committee
Miscellaneous Receipts
Total Revenue
Other Receipts
Sale of Fixed Assets $
Contributions - General Fund
11 Contributions - Fire Truck Fund
Funds Provided From Note Executed by
City of Friendswood
Total Other Receipts $
11 Total Receipts
Total Available $1
Disbursements
Operating_Expenses
I! General and Administrative Expenses (Schedule I) $
Police Department Expenses (Schedule II)
Streets and Drainage Department Expenses
(Schedule III)
Miscellaneous Other Expenses (Schedule IV)
Payment on Fire Truck Indebtedness
Total Operating Expense $
Capital Outlay_ (Schedule V)
Total Capital Outlay $
Total Disbursements
Cash Balance December 31, 1966 $
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SCHEDULE I
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CITY OF FRIENDSWOOD TEXAS
GENERAL FUND
GENERAL AND ADMINISTRATIVE EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 311 1966
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Salaries and Wages
Mayor and Council $ 6.00
Other 7,633.75
Total Salaries and Wages $ 7,639.75
Insurance and Bonds 1,010.66
Telephone 647.06
Utilities 14.00
Office Supplies and Postage 1,768.00
Maintenance - Building 411.33
Maintenance - Equipment 226.75
Payroll Taxes 533.73
Miscellaneous 122.52
11 Legal 2,081.10
Accounting Fees 1,065.00
Dues, Subscriptions and Periodicals 440.64
Election Expenses 316.62
Printing and Legal Notices 192.25
Travel 86.05
Total General and Administrative Expenses $161555.46
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SCHEDULE II
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CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
POLICE DEPARTMENT EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 311 1966
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Salaries
Chief $6,000.00
Dispatcher 400.00
Patrolmen 1,200.00
Total Salaries $ 7,600.00
11 Warrant Expense 167.50
Insurance 216.00
Telephone 386.12
Office Supplies 167.55
It Maintenance - Automobile 445.75
Maintenance - Radio Equipment 149.72
Gas and Oil 1,350.90
11 Materials and Supplies 272.45
Special Instruction - Auxiliary 40.00
Uniform and Badges 346.30
Petty Cash 25.00
Total Police Department Expenses $11,167.29
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SCHEDULE III
CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
STREET AND DRAINAGE DEPARTMENT EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 31,_1966
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Utilities $ 1,896.00
Maintenance of Streets (Labor and Rental on Equipment) 3,638.73
Maintenance of Equipment 35.38
Gas and Oil 188.61
Materials and Supplies 11,045.95
Reimbursed Expenditures for Street Repairs
Friendswood Forrest Neighborhood Committee 6,195.46
11 Payments on Equipment (Alvin State Bank)
Principal $428.55
Interest 71.45 500.00
Total Streets and �
Drainage Department Expenses $23 500.13
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SCHEDULE IV
CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
MISCELLANEOUS OTHER EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 31i 1966
Drainage District Study and Map $1,500.00
Sanitation and Health 712.50
Friendswood Public Library 1,000.00
Fire Department
Training Program - Fire Marshall $90.00
Gas and Oil - Fire Truck 36.05 126.05
Total Miscellaneous Expenses $32338.55
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SCHEDULE V
CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
CAPITAL OUTLAY
FOR THE FISCAL YEAR ENDED DECEMBER 311 1966
General and Administrative
1 #55 Flag Set $ 79.00
1 #500 A Sony Tape Recorder and Stand 307.30
1 #44 SCM Photo Copier and Stand 1,210.00
1 36 x 72 Desk 284.00
2 #92 Arm Chairs 108.00
1 #6171 Swivel Chair 79.00
6 #1006A Chairs 113.80
11 1 36x 72 Table 108.00
1 #9909 Chair 28.51
1 15x16'Carpet 150.00
1 Vertiflex File Cabinet 44.70
1 TA-7 Water Cooler _ 196.00
Total General and Administrative $ 2,708.31
Police Department
1 #870 Remington 12 gauge Riot Gun $ 75.00
1 RC Allen Used Typewriter 60.18
1 CB Radio 107.23
Total Police Department 242.41
I! Streets
Street Signs $1,866.86
Right-O-Way 1,787.00
11 Castlewood Bridge 5,100.71
International gasoline Tractor with 6' Sidemounted Mower
and 5' Rear Mounted Mower 3,302.00
11 Total Streets 12,056.57
Total Capital Outlay $151007.29
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CITY OF FRIENDSWOOD, TEXAS
II GENERAL FUND
COMPARISON OF BUDGET WITH THE ACTUAL REVENUE
AND DISBURSEMENTS
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II 1966
BUDGET ACTUAL
Revenues
II Ad Valorem Taxes $ 47,763.00 $ 57,365.84
Tax Certificates 57.46
Franchise & Gross Receipts Taxes 6,000.00 6,944.87
II Fines & Forfeits 5,000.00 3,468. 50
Permits 5,000.00 3,640.34
Dog Tags 33.00
I Fee - Approval of Subdivision Lots 462.00
Interest Earned 420.00 269.13
Miscellaneous Revenues 400.00 807.08
11 Total Revenue $ 64,583.00 $ 73,048.22
Operating Expenditures
II General and Administrative Expenses $ 16,461.00 $ 16,555.46
Police Department Expenses 11,870.00 11,167.29
Streets and Drainage Expenses 24,002.00 16,876.12
II Miscellaneous Other Expenses 6,400.00 3,338.55
Total Operating Expenses $ 58,733.00 $ 47,937.42
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Excess of Revenues over Operating Expenditures $ 5,850.00 $ 25,110.80
Capital Outlay
General and Administrative $ 250.00 $ 849.71
I! Police Department Expenses 100.00 242.41
Streets and Drainage 5,500.00 12,056.57
Total Capital Outlay $ 5,850.00 $ 13,148.69
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11 Addition to Surplus $ 0.00 $ 11,962.11
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CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
STATEMENT OF INCOME AND EXPENSES
!I FOR THE FISCAL YEAR ENDED DECEMBER 311 1966
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Operating Income
Water and Sewer Service Charges $68,527.41
11 Tap Fees 92157.96
Total Operating Income $77,685.37
11 Less: Operating Deductions
Salaries and Wages $26,297.78
Payroll Taxes 1,207.33
11 Operating Supplies 5,227.82
Repairs - Plant 5,973.40
Repairs - Lines 7,883.19
Taps - Water 4,954.75
Taps - Sewer �954.75
Laboratory Expenses 680.00
Engineering Services 693.46
11 Truck Expense 1 526.86
Utilities 7,304.55
Telephone 420.53
Insurance and Bonds 1,317.60
11 Building Maintenance 203.00
Office and General Administrative 2,102.39
Legal Expenses 817.50
11 Accounting Fees 1,065.00
Audit Expense _ 797.50
Total Operating Deductions _681909.76
1! Income Available for Debt Service $ 8,775.61
Provision for Depreciation 16,265.75
Operating Income $1_72490.14)
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GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DIST
(assumed CITY OF FRIENDSWOOD BONDED INDEBTEDNESS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEME
' INTEREST AND SINKING FUNDS
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1966
II WATERWORKS
COMBINATIC
II TOTAL 1957 Serie
Cash Balance - January 1,1966 $41,409.67 $18)143.4';
1 Receipts
Taxes - 1966 Roll $20,209.72 $ 8,366.8;
Taxes - 1965 Roll 12,013.35 4,925.4'.
I Taxes - 1964 Roll 432.28 178.5
Taxes - 1963 Roll 40.48 16.8E
Taxes - 1962 Roll 19.10 11.2:
II Penalty and Interest 321.85 133.2`.
Tax Certificates 39.54 16.3'
Interest - Time Deposits 877.50 363.21
IITotal Receipts $331953.82 $14,011.8:
Total to be Accounted For $75s363.49 $32,155.2'
II Disbursements
Interest Paid $27,030.00 $12,135.0
Bonds Retired 6,000.00 2000.0
IITotal Disbursements $33,030.00 $14,135.0
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Cash Balance - December 31, 1966 $421333.49 $18,020.2
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GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT tt15
(assumed CITY OF FRIENDSWOOD BONDED INDEBTEDNESS)
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS
INTEREST AND SINKING FUND RESERVE ACCOUNT
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1966
WATERWORKS AND SANITARY SEWER SYSTEM
TOTAL COMBINATION REVENUE & UNLIMITED TAX
1957 Series 1958 Series
Cash Balance - January 1, 1966 $8,113.19 $7,383.01 $ 730.18
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Receipts
Interest Earned 361.40 328.87 32.53
Transfers
From Water and Sewer System
Operating Fund 2,300.00 2,093.00 _ 207.00
■ Total to be Accounted For $10,774.59 $9,804.88 $ 969.71
Disbursements
11 None
Cash_Balance - December 31, 1966 $102774.59 $92804.88 $ 969.71
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CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
CONSTRUCTION FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1966
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Cash Balance - January 1, 1966 $ 1,133.67
Receipts
From Federal Agencies
Phase #2 (Final) $ 3,567.28
Total Receipts 3,567.28
Total to be Accounted For $ 4,700.95
Disbursements
D'Angelo Construction Company $ 4,365.03
Total Disbursements 4,365.03
Cash Balance - December 31, 1966 $ 335.92
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CITY OF FRIENDSWO0D3 TEXAS 1r
WATER AND SEWER SYSTEM
BALANCE SHEET
DECEMBER 31, 1966 !!
ASSETS !!
Current Assets
Petty Cash $ 225.00
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Cash in Bank 7,947.54
Accounts Receivable 7,660.70
Utility Deposits 30.00
Total Current Assets $ 15,863.24
Utility Fixed Assets
Schedule Attached 824,282.12 !!
Fund Accounts
Water and Sewer System Construction Fund
Cash in Bank $ 335.92
Interest and Sinking Fund
Cash on Hand
Tax Collections Undeposited $ 1,976.3311
Cash in Bank 40,357.16
Taxes Receivable
1966 Tax Levy $14,921.25
1965 Tax Levy 689.77
1964 Tax Levy 263.96
1963 Tax Levy 226.08
1962 Tax Levy 36.30
1961 Tax Levy 32.30
1960 and Prior Years 107.90 16,277.56 58,611.05
Interest and Sinking Fund Reserve Account
Cash on Hand $ 100.00
Cash in Bank 10,674.59 10,774.59
Total Fund Accounts 69,721.56
Total Assets $909,866.92
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IILIABILITIES, RESERVES AND SURPLUS
II Current Liabilities
Accounts Payable $ 2,136.09
Notes Payable - Alvin State Bank 2,586.71
11 Customers' Meter Deposits 915.00
Total Current Liabilities $ 5,637.80
Fund Account Current Liabilities
IIInterest and Sinking Fund
Bond Interest Payable Within One Year $ 26,800.00
Bonds Payable Within One Year _ 6,000.00 32,800.00
Long Term Debt
Total Bonds Payable $588,000.00
II Less: Bonds Due Within One Year _ 6,000.00
Total Long Term Debt 582,000.00
Reserves
II For Authorized Expenditures - Water and Sewer
System Construction Fund $ 335.92
For Depreciation 29,530.38
11 For Retirement of Sinking Fund Bonds
1957 Series $22,651.11
1958 Series 3,385.34
II 1962 Series 8,021.73
1963 Series _ 8,527.46 _ 42,585.64
Total Reserves 72,451.94
11 Contributions
By Land Owners $ 5,367.87
By Federal Agencies _1621120.28
11 Total Contributions 167,488.15
Surplus
II Arising from Bonds Retired $ 8,000.00
Arising from Revenues of Maintenance
and Operating Fund Invested in Fixed Assets 601793197
$ 68,793.97
11 Unappropriated Surplus (19,304.94)
Total Surplus 49,489.03
11 Total Liabilities, Reserves and Surplus $9091866.92
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II CITY OF FRIENDSWOOD, 'TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
as of DECEMBER 31, 1966
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II COMBINED
ALL GENERAL
FUNDS FUND
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ASSETS AND OTHER DEBITS
IIASSETS - Other than Fixed
Petty Cash $ 250.00 $ 25.(
II Cash on Hand - Revenues Undeposited 3,995.83 3,995•E
Cash in Bank 50,126.65 39,401.1
Taxes Receivable 30,776.36 30,776.]
Less : Reserve for Uncollected Taxes (30,776.36) (30,776.]
I Accounts Receivable 7,660.70
Utility Deposits 30.00
Due from Social Security Fund 1,013.11 1,013.]
1 Due from Fire Truck Fund 13,500.00 13,500.(
Fund Accounts
Water & Sewer System Construction
Fund 335.92
IIInterest & Sinking Fund
Cash on Hand - Tax Collections 1,976.33
Cash in Bank 40,357.16
1 Taxes Receivable 16,277.56
Interest & Sinking Fund Reserve
Cash on Hand 100.00
11 Cash in Bank 10,674.59
Total Assets - Other than Fixed $ 146,297.85 $ 57,935.;
II FIXED ASSETS
Land $ 27,587.95
Structures and Improvements 882,403.28
I Machinery and Equipment 11,520.13
Construction in Progress 335.92
Furniture, Fixtures and Office Equip. 4,895.38
Ir Total Fixed Assets $ 926,742.66
Less : Allowance for Depreciation 29,530.38
Net Fixed Assets $ 897,212.28
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Grand Total $1,043,510.13 $ 57,935.
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II CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET 7 ALL FUNDS
as of DECEMBER 31, 1966
II COMBINED
ALL GENERAL
II FUNDS FUND
1 LIABILITIKS, RESERVES AND SURPLUS
LIABILITIES - Other Than Long Term
Notes Payable - First Nat'l Bank of
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Alvin $ 13,500.00 $ 13, 500.0
Notes Payable Alvin State Bank 5,460.16 2,873.4
Accounts Payable 2,136.09
1 Customers' Meter Deposits 915.00
Due to General Fund 14,513.11
Interest on Bonds - Payable within
II One Year 26,800.00
Bonds Payable Within One Year 6,000.00
Total Liabilities - Other than Long
Term $ 69,324.36 $ 16,373•1
IILONG TERM LIABILITIES
Bonds Payable $ 582,000.00
IITotal Long Term Liabilities $ 582,000.00
Total Liabilities $ 651,324.36 $ 16,373.1
IOTHER CREDITS
For Authorized Expenditures -
1 Water & Sewer System Construction
Fund $ 335.92
Reserve for Retirement of Sinking Fund
1 Bonds
1957 Series 22,651.11
1958 Series 3,385.34
1962 Series 8,021.73
II1963 Series 8,527.46
Social Security Fund Reserve 1,572.00
Contributions
I! By Land Owners 5,367.87
By Federal Agencies 162,120.28
IrTotal Other Credits $ 211,981.71
SURPLUS
Arising from Bonds Retired $ 8,000.00
II Arising from Revenues Invested in
Fixed Assets 92,404.86
Arising from Contributions 70,849.65
1 Unappropriated Surplus 8,949. 55 41,561.
Total Surplus S 180,204.06 1,5 1.
Grand Total $1,043,510.13 $ 57,935.
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CITY OF FRIENDSWOOD, TEXAS
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1966
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1 FIRE
GENERAL TRUCK UTILITY
TOTAL FUND FUND FUND
IBalance - January 1, 1966 $ 7,546.38 $ 29,599.84 $(17,732.25) $ (4,321.21)
Additions
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Excess of Revenues over Operating
Expenditures $ 17,091.73 $ 24,581.87 $ $ (7,490.14)
Sale of Fixed Assets 706.50 706.50
Contributions Received 6,274.00 1,152.10 5,121.90
Interest Earned on Social Security
Reserve 100.38 100.38
Reduction of Note - Alvin State Bank 428.55 428. 55
1 Total Additions $ 24,601.16 $ 26,969.40 $ 5,121.90 $ (7,490.14)
Total to be Accounted For $ 32,147.54 $ 56,569.24 $(12,610.35) $(11,811.35)
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Deductions
' Capital Outlay $ 20,200.88 $ 15,007.29 $ $ 5,193.59
Interest Paid on Indebtedness
For Fire Fighter donated to
Friendswood Voluntary Fire
IIDepartment in 1965 697.11 697.11
Transfer to Interest and Sinking
Fund Reserve Account 2,300.00 2,300.00
ITotal Deductions $ 23,197.99 $ 15,007.29 $ 697.11 $ 7,493.59
Balance - December 31, 1966 $ 8,949.55 $ 41,561.95 $(13,307.46) $(19,304.94)
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GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT #15
(assumed CITY OF FRIENDSWOOD BONDED INDEBTEDNESS)
SCHEDULE ON RESERVE FOR RETIREMENT OF SINKING FUND BONDS
as of DECEMBER 311 1966
INTEREST AND SINKING FUND
WATERWORKS AND SANITARY SEWER SYSTEM
COMBINATION REVENUE AND UNLIMITED TAX
1957 Series 1958 Series
Cash Balance in Fund - December 31, 1966 $18,020.25 $ 2, 974.59 11
Additions
Taxes Receivable
1966 Tax Roll $ 6,177.39 $ 626.69
1965 Tax Roll 282.81 28.97
1964 Tax Roll 167.46 11.07
1963 Tax Roll 94.28 9.49
1962 Tax Roll 21.46 2.20
1961 Tax Roll 29.39 2.91
1960 and Prior Years 98.19 9.7111
Total Taxes Receivable $ 6,870.98 $ 691.04
Maximum Funds Available $241891.23 $ 3,665.63
Deductions 11
Bond Interest
Payment due 3-1-67 $ 6,045.00 $ 625.00
Payment due 9-1-67 6,000.00 625.00
Total $12,045.00 $ 1,250.00
Funds Available for Retirement
of Sinking Fund Bonds $121846.23 $ 2,415.63 11
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INTEREST AND SINKING FUND INTEREST AND SINKING FUND RESERVE ACCOUNT
WATERWORKS AND SEWER SYSTEM WATERWORKS AND SANITARY SEWER SYSTEM
' UNLIMITED TAX BONDS 1962 Series 1963 Series COMBINATION REVENUE AND UNLIMITED TAX BONDS
1957 Series 1958 Series
$10,700.76 $10,637.89 $ 9,804.88 $ 969.71
$ 3,790.00 $ 4,327.17
174.51 203.48
' 37.30 48.13
56.52 65.79
12.64
$ 4,070.97 $ 4,644.57 _
$14,771.73 $15,282.46 $ 9,804.88 $ 969.71
I
$ 3,375.00 $ 3,412.50
3,375.00 3,342.50
$ 6,750.00 $ 6,755.00
$ 8,021.73 $ 8,527.46 $ 9,804.88 $ 969.71
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II
CITY OF FRIENDSWOOD, TEXAS
SCHEDULE OF GENERAL FIXED ASSETS
IIas of DECEMBER 311_1966
Balance Balance
1-1-66 Additions Deletions 12-31-66
IBuildings
City Hall $ 5,650.35 $70,849.65 $ 761500.00
Total Buildings $ 51650.35 $ 76/500.00
IIFurniture) Fixtures and Office Equipment
File Cabinets $ 142.25 44.70 $ 186.95
II Desk and 8 Chairs 273.30 273.30
Council Table 50.52 50.52
Civil Defense Antenna 81.20 81.20
Clary Adding Machine 160.00 160.00
11 Fan 21.45 $ 21.45 0.00
IBM Electric Typewriter 250.00 250.00
Mimeogreph Machine and Stand 730.00 730.00
II Council Chairs (7) 499.80 499.80
Flag Set 79.00 79.00
Sony Tape Recorder and Stand 307.30 307.30
11 SCM Photo Copier and Stand 1,210.00 1,210.00
Furniture and Carpet - Mayor's Office 842.80 842.80
Chair 28.51 28.51
Water Cooler 196.00 196.00
1 Total Furniture, Fixtures and
Office Equipment $ 21208.52 $ 41 895.38
I Police Department Eguipment
1963 Plymouth Car $ 2,450.03 2,450.03 $ 0.00
1965 Ford Police Car 2,487.42 2,487.42
Radio Equipment 1,267.42 107.23 1,374.65
IIEmergency Warning Lights 65.00 65.00
Radar Unit 732.85 732.85
Fire Extinguisher 16.90 16.90
1 Polaroid Camera 56.50 56.50
Remington 12 Gauge Riot Gun 75.00 75.00
R.C. Allen Typewriter 60.18 60.18
II Total Police Department
Equipment $ 7,976.12 $ 41868.50
Streets and Bridges
IrStreet Improvement $ 28.80 $ 28.80
Street Signs 734.80 1,866.86 2,601.66
Right-O-Ways 2,569.50 1,787.00 4,356.50
II Castlewood Bridge 5,100.71 5,100.71
International Tractor with Mowers 3,302.00 31302.00
Total Streets and Bridges $ 3,...333.10 $ 151389.67
Ir Other
Jail (Bunks) $ 492.49 $ 492.49
Dog Pound 314.50 314.50
IITotal Other $ 806.99 - $ 806.99
Total General Fixed Assets $191075.08 $851856.94 $21471.48 $1021460.54
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I CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
11 as of DECEMBER 31j 1966
I Balance Balance
1-1-66 Additions Deletions 12-31-66
Land $ 27,587.95 $ 27,587.95
11 Total Land $ 27,587.95 $ 27,587.95
Structures and Improvements
II Water Plants $136,744.10 $136,744.10
Water Distribution 271,150.64 271,150.64
Sewage Collection System 180,371.29 $4,365.03 184,736.32
il Sewage Plants 190,556.01 190,556.01
Laboratory 6,519.55 6,519.55
Total Structures and Improvements $785,341.59 $7891706.62
II
Construction in Progress $ 4,700.95 $4,365.03 $ 335.92
Total Construction in Progress $ 4,700.95 $ 335.92
II Other
Office Furniture and Fixtures $ 2,437.48 1,200.00 $ 3,637.48
Trucks _ 2,790.42 2,890.00 _ 5,680.42
II Tools 230.14 1,103.59 12333.73
$ 5,458.04 $ 10,651.63
Less: Bonds Matured Prior
11 to Acquisition of System 4,000.00 4z000.00
Total Other $ 1,458.04 _ _ $ 6,651.63
II
Total Property, Plant and Equipment $8192088.53 $9,558.62 $41365.03 $824,282.12
II
Source of Funds
From Bonds Assumed $596,000.00
I! From Maintenance and Operating Account 60,793.97
From Contribution by Land Owners 5,367.87
From Federal Agencies 162,120.28
IrTotal $8241282.12
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1! GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DIST
(assumed CITY OF FRIENDSWOOD)
11 WATERWORKS AND SANITARY SEWER SYSTEM
COMBINATION REVENUE AND UNLIMITED TAX BONE
SCHEDULE OF PRINCIPAL AND INTEREST MATURITI
as of DECEMBER 311 1966
TOTAL TOTAL
!I FISCAL YEAR PRINCIPAL PRINCIPAL
ENDING DUE DUE PRIT
11 12-31-67 $ 2,000.00 $ 13,295.00 $ 2,(
12-31-68 4,000.00 13,150.00 4,(
12-31-69 4,000.00 12,950.00 4,1
11 12-31-70 4,000.00 12,750.00 4,1
12-31-71 4,000.00 12,550.00 4,1
12-31-72 5,000.00 12,325.00 5,
12-31-73 5,000.00 12,075.00 5,
11 12-31-74 5,000.00 11,825.00 5,
12-31-75 6,000.00 11,550.00 6,
12-31-76 6,000.00 11,250.00 6,
11 12-31-77 7,000.00 10,925.00 7,
12-31-78 7,000.00 10,575.00 7,
12-31-79 7,000.00 10,225.00 7,
11 12-31-80 7,000.00 9,875.00 7,
12-31-81 8,000.00 9,500.00 8,
12-31-82 8,000.00 9,100.00 8,
12-31-83 10,000.00 8,650.00 10,
11 12-31-84 10,000.00 8,150.00 10,
12-31-85 11,000.00 7,625.00 11;
12-31-86 11,000.00 7,075.00 11.
11 12-31-87 12,000.00 6,500.00 12.
12-31-88 12,000.00 5,900.00 12,
12-31-89 13,000.00 5,275.00 13,
12-31-90 14,000.00 4,600.00 14.
Illi 12-31-91 15,000.00 3,875.00 15
12-31-92 20,000.00 3,000.00 20
12-31-93 25,000.00 1,875.00 25
Ir12-31-94 25,000.00 625.00
Totals $267,000.00 $2471070.00 $242
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II
GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTF
( ssumed CITY OF FRIENDSWOOD)
1 WATERWORKS AND SEWER SYSTEM
UNLIMITED TAX BONDS
SCHEDULE OF PRINCIPAL AND INTEREST MATURITIESII _
as of DECEMBER 31, 1966
TOTAL TOTAL
II FISCAL YEAR PRINCIPAL INTEREST
ENDING DUE DUE PRII
1 12-31-67 $ 4,000.00 $ 13,505.00 $
12-31-68 4,000.00 13,365.00
12-31-69 4,000.00 13,225.00
1 12-31-70 4,000.00
5,000.00 13,085.00
12-31-71 12,927.50
12-31-72 5,000.00 12,752.50
12-31-73 5,000.00 12,577.50
II 12-31-74 5,000.00 12,402.50
12-31-75 5,000.00 12,227.50
12-31-76 6,000.00 12,035.00
1 12-31-77 6,000.00
6,000.00 11,825.00
12-31-78 11,615.00
12-31-79 6,000.00 11,382.50
12-31-80 6,000.00 11,127.50
11 12-31-81 7,000.00 10,851.25
12-31-82 7,000.00 10,553.75
12-31-83 7,000.00 10,256.25
II 12-31-84 7,000.00 9,958.75
12-31-85 7,000.00 9,661.25
12-31-86 8,000.00 9,342.50
1 12-31-87 8,000.00
9,000.00 9,002.50
12-31-88 8,641.25
12-31-89 10,000.00 8,237.50
12-31-90 10,000.00 7,812.50
II 12-31-91 10,000.00 7,387.50
12-31-92 10,000.00 6,962.50
12-31-93 6,750.00
II 12-31-94 6,750.00
12-31-95 30,000.00 6,075.00 30
12-31-96 30,000.00 4,725.00 30
II 12-31-97 30,000.00 3,375.00 30
12-31-98 35,000.00 1,912.50 35
12-31-99 _ 252000.00 562.50 25
11 Totals $3212000.00 $3122870.00 $150
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11 CITY OF FRIENDSWOOD, TEXAS
SCHEDULE OF INSURANCE IN FORCE
IIDECEMBER 311 1966
IIAetna Insurance Company
Policy Number 61S5979 BC
II Term April 25, 1966 to April 25, 1967
Kind Public Official Bond
Premium $50.00
II Person Covered Lawrence Byron Cline (Tax Assessor)
Amount of Coverage $10,000.00
Policy Number 61S9185 BC
I
Term May 8, 1966 to May 8, 1967
Kind Public Employees Blanket Bond
Premium $122.00
II Persons Covered City Employees
Amount of Coverage $10,000.00
Policy Number 61S6804; 61S6805; 61S5100; 61S5101; 61S7119
IITerm January 5, 1966 to January 5, 1967
Kind Supervisors Bonds - Drainage District
Premium $65.00
II Persons Covered Directors - Drainage District
Amount of Coverage $5,000.00 each Director
IIUnited States Fidelity and Guaranty Company
Policy Number J 149164
Term October 1, 1966 to October 1, 1967
11 Kind Workmen' s Compensation and Employer' s Liability
Premium $573.11 (Estimated)
Persons Covered Waterworks Operations; Sewage Disposal Plant
II Operations; Clerical Office Employees; Police-
men; Street or Road Construction or Reconstruc-
tion; Irrigation or Drainage System
Ir Construction; Municipal, County or State
Employees Engaged in Construction Work.
11 United States Fidelity and Guaranty Company
Policy Number 1CC 04911
Term October 1, 1966 to October 1, 1967
II Kind Comprehensive General - Automobile Liability
Policy
Premium $1,090.00
II Amount of Coverage Bodily Injury Liability - Automobile
1965 Ford: $10,000.00 each person
$20,000.00 each accident
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SCHEDULE OF INSURANCE IN FORCE
- continued -
11
1964 Chevrolet Pick-up: $50,000.00 each
person
$100,000.00 each
accident
1966 Ford Flat Bed Truck: $50,000.00 each
person
$100,000.00 each
accident
Non-ownership and Hired Car
Coverage: $50,000.00 each person
$100,000.00 each accident
Basic Medical ($500.00 each person) on 1964
Chevrolet Pick-up and 1966 Ford Flat Bed
Truck
Property Damage Liability - Automobile
11 $5,000.00 each accident
Automobile Physical Damage
1965 Ford $250.00 Deductible
1964 Chevrolet Pick-up 50.00 Deductible
1966 Ford Flat Bed Truck 50.00 Deductible
Bodily Injury Liability - Except Automobile
$100,000.00 each person
11 $200,000.00 each accident
$200,000.00 Aggregate
Property Damage Liability - Except Automobile
$5,000.00 each accident
$25,000.00 Aggregate
Fidelity and Guaranty Insurance Underwriters, Inc.
Policy Number OF 2627
Term October 1, 1965 to October 1, 1970
Kind Fire, Lightning, Extended Coverage, Vandalism
and Malicious Mischief
Premium $1,928.00
Amount of Coverage 1. $90,000.00 (90% Co-Insurance)
11 All buildings including City Hall, All
Steel Water Tank and Tower, Chlorination
Building, Outside Electrical Panel and
I! outside Site Improvements
2. $5,000.00 - Contents, City Hall and Fire
Department
Ir3. $500.00 - Contents, Chlorination Building
Blue Cross and Blue Shield
Kind Hospital Insurance
24