HomeMy WebLinkAbout1965 12 31 Financial Report - City of Friendswood 1
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' CITY OF FRIENDSWOOD, TEXAS
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
DECEMBER 31, 1965
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ELECTED OFFICIALS
MAYOR
Harry D. Wagner
CITY COUNCIL
Marvin L. Childers
William E. Davidson
Harry M. Hatcher
Arden C. Hill, Jr.
Ralph L. Lowe
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L. B. Cline Tax Assessor and Collector
Mrs. Artha Wright City Secretary
' P. 0. Box 122
Friendswood, Texas
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TABLE OF CONTENTS
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Page.
II
Letter of Transmittal
1 Statement of Combined Cash Receipts and Disbursements
All Funds Except Utility Fund 1
II General Fund - Operating Expenses
General and Administrative Expenses - Schedule I 2
Police Department Expenses - Schedule II 3
Street and Drainage Department Expenses - Schedule III 4
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Capital Expenditures - Schedule IV 5
IIWater and Sewer System - Statement of Income and Expenses 6
Galveston County Water Control & Improvement District #15
II (assumed City of Friendswood) Bonded Indebtedness -
Interest and Sinking Fund - Statement of Combined Cash
Receipts and Disbursements 7
1 Galveston County Water Control & Improvement District #15
(assumed City of Friendswood) Bonded Indebtedness -
Interest and Sinking Fund Reserve Account - Statement of
1 Combined Cash Receipts and Disbursements 8
Water and Sewer System - Construction Account - Statement of
1 Cash Receipts and Disbursements 9
Balance Sheet - Water and Sewer System 10 & 11
IIBalance Sheet - All Funds 12 & 13
Analysis of Changes in Unappropriated Surplus 14
IISchedule on Reserve for Retirement of Sinking Fund Bonds -
(assumed City of Friendswood) 15 & 16
1 Schedule of General Fixed Assets 17
Schedule of Property, Plant and Equipment - Water & Sewer System 18
IISchedule of Principal and Interest Maturities - Galveston County
Water Control and Improvement District #15 (assumed City of
I Friendswood) Waterworks and Sanitary Sewer System Combination
Revenue and Unlimited Tax Bonds 19
1 Schedule of Principal and Interest Maturities - Galveston County
Water Control and Improvement District #15 (Assumed City of
Friendswood) Waterworks and Sewer System Unlimited Tax Bonds 20
IISchedule of Insurance in Force 21 & 22
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IHELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
IHOUSTON, TEXAS 77002
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II March 11, 1966
II Honorable Mayor and City Council
City of Friendswood, Texas
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I have examined the recorded cash receipts and disbursements of the
II CITY OF FRIENDSWOOD, TEXAS for the fiscal year ended December 31, 1965. 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
Iprocedures as I considered necessary in the circumstances.
Accounting records for the city are maintained on a cash basis; the
IIrecords for the water and sewer system are maintained on an accrual basis.
IIGeneral City Government
The following is a summary of the cash receipts and disbursements of the
General Fund for the fiscal years ended December 31, 1963, 1964 and 1965.
II12-31-63 12-31-64 12-31-65
II Revenues - Operating $ 9,679.02 $30,472.04 $63,049.14
Revenues - Other 607.29 717.80
Total Revenues $10,286,31 $3P,472 04 $63,766.94
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Disbursements
Operating Expenses $ 9,005.17 $15,279.84 $38,959.39
II Capital Expenditures 405.73 1,622.63 8,436.56
Other 1.572.00
Total Disbursements $ 9,410.90 $18,474.47 $47.395.95
Excess of Revenues over
11 Disbursements $ 875.41 $11,997.57 $16.370.99 /1'
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Taxes
111 By City Ordinance #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 Water Control and Improvement District #15. Taxes
levied by the Galveston County WCID #15 and unpaid as of December 1, 1964,
!I 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 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.
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The 1965 tax levy of the City of Friendswood, based on a tax rate of $1.00
per $100 assessed valuation, was distributed as follows:
gil
General Fund Operations $0.58
Interest and Sinking Fund 0.42
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Total $1 .00
Taxes levied and collections thereon are reported as follows:
1964 1965
Assessed Valuation - October 1 16,504,600 $8,231,591
1! Taxes Assessed $31,798.80 $82,315.91
Plus: Changes and Corrections 724.22
Taxes Assessed (Adjusted) $32,523.02 $82,315.91
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:olClo:clteicotnison:otlo2/1321/31 $13,202.34 $52,070.38
Total Collections 31,739.78
40.59% 63.26%
% Total Collections 97.59%
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Fire Truck Fund
At a special meeting held October 20, 1965, the City Council unanimously
agreed to assume financial responsibility for (1) HPV-750 John Bean Underwriters
approved Class A 750 GPM Volume and High Pressure Fog Fire Fighter for the
11 Friendswood Voluntary Fire Department. Mayor Harry Wagner was authorized to
sign a note in the amount of $19,000.00 by council action on October 20, 1965.
This fighter was accepted by the Friendswood Voluntary Fire Department on
November 28, 1965. The City of Friendswood executed a note in the amount of
1! $19,000.00 under date of December 29, 1965 payable to the First National Bank
of Alvin. This note bears interest at the rate of 4% and is due on or before
one year.
It is intended that this note will be paid off by voluntary contributions
by the citizens of Friendswood. Currently, the utility department is adding
$1.00 to each water billing rendered and these contributions received with the
water and sewer collections are deposited in the Fire Truck Fund. By December 31,
1965, a total of $1,267.75 had been collected.
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Water and Sewer System
A
The following is a summary of the income and expenses of the Water and
Sewer System for the year 1965.
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Operating Revenues $69,806.57
71 Less: Operating Expenses 55,999.36
Income Available for Debt Service $13,807.21
Less: Provision for Depreciation _ 12,580.14
!! Operating Income $ 1,227.07
!! As of December 31, 1965, there were 593 water connections and 496 sewer
connections.
7! During the year, the Water and Sewer Maintenance and Operating Fund
transferred $12,250.00 to the Interest and Sinking Fund of the 1957 Series and
1958 Series of Combination Revenue and Unlimited Tax Bonds.
1 The Bond Order covering the 1957 and 1958 Series of Bonds requires that a
Bond Reserve Fund also be set up and that contributions be made to this fund until
such time as there is in the Bond Reserve Fund an amount equal to the average
71 annual principal and interest requirements. The status of the Bond Reserve Fund
as of December 31, 1965 was as follows:
1! Amount on deposit in the Bond Reserve Fund $ 8,113.19
Average annual principal and interest
payments - 1957 and 1958 Series 18 257.07
11 Additional contributions due to Bond
Reserve Fund $10.143.88
11 Recommendation
11 I would recommend that the City of Friendswood give consideration to the
purchase of a bookkeeping machine. The system of water billing and posting
used by Galveston County WCID #15 and continued by the city does not give
11 adequate control of accounts receivable. To secure this control without a
machine would require additional personnel in the office.
II Opinion
In my opinion, the accompanying statements present fairly, in accordance
II with generally accepted accounting principles, the financial position of the
City of Friendswood, Texas as of December 31, 1965 and the results of its
operations for the fiscal year then ended.
Very truly your our_
,
Ilcc.-4,-(..,..-e., CA-wet&
46 Heloise Brown Canter
Certified Public Accountant
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CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENT:
ALL FUNDS EXCEPT UTILITY FUND
FOR THE FISCAL YEAR ENDED DECEMBER 32, 1965
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Cash Balance - January 1, 1965
I Receipts -
Revenue
Ad Valorem Taxes 1965 Roll
Ad Valorem Taxes - 1964 Roll
Penalty & Interest - Delinquent Taxes
Tax Certificates
Franchise & Gross Receipts Taxes
Fines and Forfeits
Building Permits
Miscellaneous other Permits
Dog Tags
Fee - Approval of Subdivision Lots
Interest
Miscellaneous Receipts
Total Revenue
Micellsneous
Contributions - General Fund $
Contributions - Fire Truck Fund
Funds provided from note executed by City
of Friendswood
1 Total Miscellaneous $
Total Receipts $
Total Available $'
Disbursements
Operating Expenses
General & Administrative Expenses $:
(Schedule I)
Police Department Expenses (Schedule II)
' Streets & Drainage Department (Schedule III)
Contribution to Friendswood Voluntary Fire
Department
Total Operating Expenses $°
Capital Outlay (Schedule IV)
Total Capital Outlay
Total Disbursements $E
Cash Balance - December 31, 1965 $3
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SCHEDULE I
CITY OF FRIENDSWOOD1 TEXAS
GENERAL FUND
GENERAL AND ADMINISTRATIVE EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 3 ,1965
Salaries and Wages
Mayor and Council $ 6.00
City Secretary & Clerk 4,392.32
City Engineer 423.32
Building Inspector 768.25
11 Tax Assessor & Collector 1,200.00
Total Salaries and Wages $ 6,789.89
Insurance and Bonds 941.41
1 Telephone 517.92
Utilities 103.90
Office Supplies & Postage 1,188.48
I Maintenance - Building 87.06
Maintenance - Equipment 97.00
Payroll Taxes 310.27
Miscellaneous 245.37
1 Legal Expense 2,710.00
Auditing 937.26
Dues, Subscriptions & Periodicals 51.50
1 Election Expenses 254.66
Printing and Legal Notices 432.85
Sanitation and Health 600.00
1 Tax Appraisal Expense _ 500.00
Rent 115.00
Total General and Administrative Expenses $1_51882.57
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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 a1, 196D
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I SalariChies
ef $ 3,550.74
Dispatcher 625.00
Patrolmen & Warrant Expenses _ 2,125.00
Total Salaries $ 6,300.74
Insurance 209.00
Telephone 92.45
1 Office Supplies 127.41
Maintenance of Equipment 305.13
Gas & Oil 1,061.99
Materials & Supplies 526.52
Miscellaneous 41.78
Special Instruction - Auxiliary 40.00
Uniform and Badges 884.81
Total Police Department Expenses $ 9,589.83
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SCHEDULE III
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CITY OF FRIENDSWOOD. TEXAS
GENERAL FUND
STREET AND DRAINAGE DEPARTMENT EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1965
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Utilities $ 720.00
II Maintenance of Streets 1,886.29
Drainage District Study and Map (Partial Payment) 1,000.00
Materials and Supplies 9,855.70
1 Miscellaneous 25.00
Total Streets and Drainage Department $ 13,486.99
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SCHEDULE IV
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CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
CAPITAL OUTLAY
FOR THE FISCAL_ YEAR ENDED DECEMBER 31, 1965
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General and Administrative
1 File Cabinet $ 71.55
Mimeograph Machine and Stand 730.00
Council Chairs (7) _ 499.80
Total General and Administrative $ 1,301.35
1 Police Department
1965 Ford Police Car $ 2,487.42
2-Way Radio 776.00
1 CB Radio, Antenna, Cable 200.66
Polaroid Camera 56.50
Total Police Department $ 3,520.58
Streets
Street Signs $ 238.14
Right-O-Way _ 2,569.50
Total Streets $ 2,807.64
1 Other
Jail (Bunks) $ 492.49
Dog Compound 314.50
Total Other $ 806.99
IITotal Capital Outlay $ 8,436.56
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_CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
STATEMENT OF INCOME AND EXPENSES
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1965
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Operating Income
Water and Sewer Service Charges $60,426.57
Tap Fees 9,305.00
Miscellaneous 75.00
IITotal Operating Income $69,806.57
Less: Operating Deductions
Salaries and Wages $16,648.58
Payroll Taxes 436.51
Operating Supplies 4,360.52
Repairs - Plant 2,504.59
IIRepairs - Lines 7,699.16
Taps - Water 6,335.06
Taps - Sewer 2,758.85
1 Laboratory Expenses 470.39
Engineering Services 846.68
Truck Expense 1,449.87
' Utilities 5,248.25
Telephone 498.56
Insurance and Bonds 886.21
Building Maintenance 895.00
Office and General Administrative 1,061.13
Legal Expenses 750.00
Auditing 650.00
Moving Water Department to New Quarters _ 2,500.00
Total Operating Deductions 55,999.36
Income Available for Debt Service $13,807.21
Provision for Depreciation 12,580.14
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Operating Income $ 1,227.07
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1 GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTR
(assumed CITY OF FRIENDSWOOD BONDED INDEBTEDNESS)
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMEN_
1 INTEREST AND SINKING FUNDS
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1965
11 WATERWORKS ,
COMBINATION
IITOTAL 1957 Series
Cash Balance - January 1, 1965 $30,496.80 $ 6,278.77
1 Receipts
Taxes - 1965 Roll 21,869.56 8,966.52
Taxes - 1964 Roll 13,916.26 5,747.42
II Taxes - 1963 Roll 204.08 85.10
Penalty and Interest 120.02 50.04
Tax Certificates 93.06 38.43
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Interest 112.50 46.46
Miscellaneous 19.81 8.18
1 Transfers
From Water & Sewer System
Operating Fund 12,250.00 _ 11,147:50
1 Total to be Accounted For $79,082.09 $32,368.42
Disbursements
I Interest Paid $27,190.00 $12,225.00
Bonds Retired 2,000.00 2,000.00
Transfer of funds to
1 Construction Account to
cancel transfer of funds
from Construction Account
to Interest & Sinking Fund
1 made in November 1964 8,482.42 _
Total Disbursements $37,672.42 $14,225.00
IICash Balance - December 31, 1965 $41,409.67 $18,143.42
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GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT #15
(A.55umgd CITY OF FRIEINDSWOOD BONDED INDEBTEDNESS)
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS
INTEREST AND SINKING FUND RESERVE ACCOUNT
FOR THE FISCAL YEAR EpDD DECEMBER 31, 1965
WATERWORKS AND SANITARY SEWER SYSTEM
TOTAL COMBINATION REVENUE & UNLIMITED TAX
Cash Balance - January 1,1965 $8,113.19 $7,383.01 $ 730.18
Receipts
None
Transfers
From Water & Sewer System
Operating Fund 0.00 0.00 _ 0.00
Total to be Accounted For $8,113.19 $7,383.01 $ 730.18
Disbursements
None
Cash Balance - December 31,1965 $8,113.19 $7,383.01 $ 730.18
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-C-IT-Y OF FBIENDSVOOD, TBXA_q
WATER AND SBNEU_ SY5TBN
N� CONSTRUCTION FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
FOR THE FISCAL YEAR ENDED DECEMBEQ 31., 1965
N�
Cash Balance - January l, 1965 $105,549.84
Receipts
From Federal Agencies
N� Phase #1 /��oal \ $14,253.00
N� (Final )
w� Phase #2 53,500.00
From Interest and Sinking Fund
To return funds transferred to Interest
and Sinking Fund in November 1964
prior to acquisition of system _ 8,482^42
Total Receipts 76,235.42
~~ Total to be Accounted For $181,785.36
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N� Disbursements
American Steel Building $ 2,200.00
Couch Construction Company 17,699.79
Bayahore Constructors 5,000.00
Bost Ditching Service 147,682.52
Palmer & Long 75.00
Wyatt C. Hedrick Engineering Co. 3,839.44
0� Fisher Scientific Company 3,048.52
Johnson & Associates _ 1,106.32!
Total Disbursements 180,051,59
Cash Balance - December 31, 1965 $ l�l33.bT
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CITY OF FRIENDSWOOD, TEXAS ir
WATER AND SEWER SYSTEM
BALANCE SHEET
DECEMBER 31, 1965
ASSETS
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CURRENT ASSETS
Petty Cash $ 225.00I!
Cash on Hand - Revenues Undeposited 10.00
Cash in Bank 6,819.62
Accounts Receivable 6,226.6811
Utility Deposits - 30.00
Total Current Assets $13,311.30
UTILITY FIXED ASSETS 11
Schedule Attached 819,088.53
FUND ACCOUNTS
Water and Sewer System Construction Fund
Cash in Bank $ 1,133.67
Dues from Housing & Home Finance Agency 3, 67.28
Total Water and Sewer System -
Construction Fund Assets $ 4,700.95
Interest and Sinking Funds
Cash on Hand
Tax Collections Undeposited $11,189.02
Cash in Bank 30,220.65
Taxes Receivable
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1965 Levy $12,703.12
1964 Levy 696.24
1963 Levy 266.56
1962 Levy 55.40
1961 Levy 32.30
1960 and Prior years 107.90 _ 13,861.52 55,271.19
Interest and Sinking Fund Reserve Account
Cash in Bank $ 8,113. 19
Total Interest & Sinking Reserve Account 8,113.19
Total Fund Accounts 68,085.33
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Total Assets *900, 85.16 1
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LIABILITIES,, RESERVES AND SURPLUS
II CURRENT LIABILITIES
Accounts Payable $ 2,626.38
Withholding Tax Payable 686.50
II Social Security Tax Payable 155.00
Customers' Meter Deposits 900.00
Total Current Liabilities $ 4,367.88
IIFUND ACCOUNT CURRENT LIABILITIES
Water &..Sewer System Construction Fund
Contracts Payable $ 4,465.45
II Interest & Sinking Fund
Bond Interest Payable within One Year $27,030.00
Bonds Payable within One Year _ 6,000.00 33,030,00
IITotal Fund Account Current Liabilities 37,495.45
LONG TERM DEBT
II Total Bonds Payable $594,000.00
Less : Bonds Due Within One Year _ 6,000.00
Total Long Term Debt 588,000.00
1 RESERVES
For Authorized Expenditures - Water & Sewer
System Construction Fund $ 235.50
II For. , Depreciation 13,264.63
For Retirement of Sinking Fund Bonds
1957 Series $19,217.13
1958 Series 2,868.27
II1962 Series 5,533.78
1963 Series _ 8,_735.20 36,354.38
Total Reserves 49,854.51
IICONTRIBUTIONS
By Land Owners $ 5,367.87
1 By Federal Agencies 162,�20.28
Total Contributions 167,488.15
SURPLUS'
Arising from Bonds Retired $ 2,000.00
Arising from Revenues of Maintenance &
Operating Fund Invested in Fixed Assets 55,600.38
1 57,600.38
Unappropriated Surplus (41321.21)
Total Surplus 53,279.17
1 Total Liabilities, Reserves and Surplus 1900,485.16
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R ENDSWOOD TEXAS
CITY OF F I
_COMBINED BALANCE SHEET - ALL FUNDS
11 as of DECEMBER 31, 1965
COMBINED
II TOTAL GENERAL.
ALL FUNDS FUND
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ASSETS AND OTHER DEBITS
ASSETS - Other than Fixed
Petty Cash $ 250.00 $ 25.00
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Cash on Hand - Revenues Undeposited 18,772.11 18,762.11
Cash in Bank 20,472.10 9,900.00
Taxes Receivable 18,325.65 18,325.65
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Less: Reserve for Uncollected Taxes (18,325.65) (18,325.65)
Accounts Receivable 6,226.68
Utility Deposits 30.00
I Due from Social Security Fund 912.73
19,000.00912.73
Due from Fire Truck Fund 19,000.00
Fund Accounts
Water R Sewer System Construction
1 Fund
Cash in Bank 1,133.67
Due from Housing & Home Finance
1 Agency 3,567.28
Interest & Sinking Fund
Cash on Hand - Tax Collections
II Undeposited 11,189.02
Cash in Bank 30,220.65
Taxes Receivable 13,861.52
Interest & Sinking Fund Reserve
II Cash in Bank _ 8,113.19
Total Assets - Other than Fixed $133,748.95 $ 48,599,84
1 FIXED ASSETS
Land $ 27,587.95
Structures and Improvements 795,132.03
Machinery and Equipment 8,534.16
11 Construction in Progress 4,700.95
Furniture,Fixtures & Office Equip. 2,208.52
Total Fixed Assets $838,163.61
11 Less Allowance for Depreciation 13,264.63
Net Fixed Assets $824,898.98 -
Grand Total $958,647.93 $ 48,599.84
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11 CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
IIas of_DECEMBER 31, 1965
COMBINED
I _ TOTAL GENERAL
ALL FUNDS FUND
LIABILITIES, RESERVES & SURPLUS
IILIABILITIES Other than Long Term
Notes Payable - First Nat' l Bank
1 of Alvin $ 19,000.00 $ 19,000.00
Accounts Payable 2,626.38
Payroll Taxes Payable 841.50
1 Customers' Meter Deposits 900.00
Due to General Fund 19,912.73
Contracts Payable 4,465.45
Interest on Bonds - Payable Within
1 one year 27,030.00
Bonds Payable within one Year _ 6,000.00
Total liabilities - Other than Long
IITerm $ 80,776.06 $ 19,000.00
LONG TERM LIABILITIES
Bonds Payable $588,000.00
I Total
Long Term Liabilities $588,000.00
Total Liabilities $668,776.06 $ 19,000.00
IIOTHER CREDITS
For Authorized Expenditures - Water &
II Sewer System Construction Fund $ 235.50
Reserve for Retirement of Sinking
Fund Bonds
II 1957 Series 19,217.13
1958 Series 2,868.27
1962 Series 5,533.78
1963 Series 8,735.20
1 Social Security Fund Reserve 1,572.00
Contributions
By Land Owners 5,367.87
IIBy Federal Agencies _162,120.28
Total Other Credits $205,650.03
ISURPLUS
Arising from Bonds Retired $ 2,000.00
II Arising from Revenues Invested in
Fixed Assets 74,675.46
Unappropriated Surplus _ 7,546.38 $ 29,599.84
IITotal Surplus $ 84,221.84 $ 29,599.84
Grand Total $958,647.93 $ 48,599.84
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CITY QF FRIENDSWOQD` 'EXAS
II _ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
FQR THE FISCAL YEAR ENDED DEGEMBER al, 1965
II
I FIRE
GENERAL TRUCK UTILITY
II TOTAL FUND FUND _ - FUND
Balance - January 1, 1965 $20,810.83 $1 ,228,85 $ 7.581.98
II Additions
Excess of Revenues over Operating
Expenditures $25,244.09 $24,017.02 $ 1,227.07
II Contributions to General Fund 717.80 717.80
Interest Earned on Social Security
Reserve 72.73. 72.73
II Contributions to Fire Truck Fund _ 1.267.75 $ 1,267.75 _
Total Additions $27,502,37 $243807. . $ 1,267.75 227.07
Total to be Accounted For $48,113.20 $38,036.40 $ 1,267.75 $ 8,809.05
II
Deductions
1 Fire Fighter donated to
Friendswood Voluntary
Fire Department $19,000.00 $19,000.00*
II Capital Outlay 9,316.82 $ 8,436.56 $ 880.26
Transfer to Interest and
Sinking Fund 12,250.00 12,250.00
Total Deductions $40,5§6.82 $ 8,436.56 $19,000.00 $13,130.26
11 Balance - December 31, 1965 $ 7,54f.38 $29,599.84 $1_17,732.25) $14,321.21)
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*To be reimbursed by voluntary contributions
II of $1.00 per month
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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 BONDS11
as of DECEMBER 31, 1965
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INTEREST AND SINKING FUND
WATERWORKS AND SANITARY SEWER SYSTEM
COMBINATION_REVENUE AND UNLIMITED TAX
1957 Series 1958 Series
Cash Balance in Fund - December 31, 1965 $181143.42 $ 2,798.20
Additions
Taxes Receivable
1965 Tax Roll $ 5,208.28 $ 533.53
1964 Tax Roll 345.99 29.23
1963 Tax Roll 111. 16 11.19
1962 Tax Roll 32.69 3.32
1961 Tax Roll 29.39 2,91
1960 and Prior Years' 98.19 9.71
Total Taxes Receivable $ 5,825.70 $ 589.89
Maximum Funds Available $23,969.12 $ 3, 88.09
Deductions
Bond Interest due 3-1-66 $ 6,090.00 $ 625.00
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Bond Interest due 9-1-66 6,045.00 625.00
Total Bond Interest Payable $12,135.00 $ 1,250.00
Funds Available for Retirement of
Sinking Fund Bonds $11,834.12 $ 2,138.09
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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 COMBINATION REVENUE AND UNLIMITED TAX BONDS
1962 Series 1963 Series 1947 Ser3.es 1958 Series
$ 8,837.63 $J1, 30.42 $ 7,383.01 $ 730.18
$ 3,213.89 $ 3,747.42
146.23 174.79
11 66.64 77.57
19.39'
11 $_3,446,15 $_
$12,283.78 $15,630.20 $ 7,383.01 $ 730.18
$ 3,375.00 $ 3,482.50
3,375.00 3,412.50
$ 6,250.00 $ 6,895.00 _
$ 5,533.78 $ 8,735.20 $ 7,38,3.01 $ 730.18
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CITY OF F8IENDSW0OD, JE��
SCHEDULE OF GENERAL FIXED ASSETS
as of_DECBNBEB 31.2 1965,
Balance Balance
1-I-65 Additions� Retirements _12-31-65
Buildings
Office Building - Transferred
from Water and Sewer qi 5j05O.35 j_5�bO�35
N� Total Buildings � 5^650.35 $ 5,650.35
Furniture, Fixtures and Office EQuipment
2 dz. Filex File Cabinet $ 18.46 � l8.4b
Desk and 8 Chairs 273.30 273.30
Council Table 58.52 50,52
Civil Defense Antenna 81.20 81.20
N� Clary Adding Machine l6O.0O lbO,OO
- 24 45 24 �5
Cabinet . .
Fan 21.45 21.45
N� IBM Electric Typewriter 250.00 250.00
m� Memo Cabinet 7.00 7,00
File Cabinet $ 71.55 71,55
Mimeograph Machine and Stand 730.00 730.00
N� Council Chairs /7\ _ _ _ _499.80 _ 499.80
Total Furniture,Fixtmres & Office
Equipment $ 907.17 1,30;.35 $ 2,208.52
Police Department Eouipmenj
1963 Plymouth Car $ 2,450.03 � �,45O.O3*
N� 2 CB Units and Antennas 130,78 130.76
2-Way Radio 100.00 100.00
l CB Radio 80.08 60,00
Emergency Warning Lights 65,00 65.00
Radar Unit 732.85 732,85
Fire Extinguisher 18.90 16,90
1965 Ford Police Car $ 2,487.42 �087.42
2-Way Radio 778.00 770.00
-- CB Radio, Antenna, Cable 200.66 200,66
Polarbid Camera ' 56.5U _ 56.50
Total police Department Equipment $ �.555.54 � 3.5�0.5�� � 7,076.12
-
Streets
Street Improvement $ 28.80 $ 28.80
Street Signs 496.66 $ 238,14 734.80
Bight-O-Ways _ _ _2,569.50 _ 2,569,50
Total Streets 8 525.46 $ 2-1807.64 $ 3.333.10
Other
Jail (Bunks) $ 492.49 $ 492.49
Dog Compound ' - 314.50 314.50
Total Other $ 808.99 $ 806.99
Total General Fixed Assets �4~988.17 $l4,086,9l 819,075.08
_
*On loan to Utility Department
17
1
IIuTy OF FRINDSWOOD. TEXAS _
WATER AND SEWER SYSTEM
1 SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
as of DECEMBER 31, 1965
1
Balance Balance
II1- 1-65 Additions Deletions 12-31-65
Land $10,791.95 $16,79f.°0 $27, 87.95
Total Land $10,791.95 $16,796.00 $27, 87.95
I
Structures & Improvements
Office Building $ 5,650.35 $ 5,650.35
II Water Plants 50,058.08 $86,686.02 $136,744.10
Water Distribution 137,450.60 133,700.04 271,150.64
Sewage Collection System 82,253.23 98,118.06 180,371.29
II Sewage- Plants 36,909.28 153,646.73
6,519.55 190,556.01
Laboratory 6,519.55
Total Structures & Improvements $312,321.54 $478,670.40 4 5,650.35 $785`341.59
II
Construction in Progress $508,524.16 $503,823.21 $ 4,700.95
Total Construction in Progress $508,524.16 $503,823.21 $_ 4,700.95
I Other
Office Furniture & Fixtures $ 1,980.13 $ 457.35 $ 2,437.48
I Truck _ 2,790.42 _ 2,790.42
Small Tools 230.14 230.14
$ 5,000.69 $ 457.35 $ 5,458.04
Less: Bonds Matured Prior to
11 Acquisition of System 4,000.00 _ 4,000.00
Total Other $ 1,000.69 $ 457.35 $ 1,458.04
IITotal Property, Plant & Equipment $832,638.34 $495,923.75 $509,473.56 $819,088.53
1rSources of Fund§
From Bonds Acquired $596,000.00
1 From Maintenance and Operating Account 55,600.38
From Contribution by Land Owners 5,367.87
From Federal Agencies 162,120.28
II Total $819,088.53
II
I
18
I/
1
II
' GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTR
(assumed CITY OF FRIENDSWOOD�
WATERWORKS AND SANITARY SEWER SYSTEM
1 COMBINATION REVENUE AND UNLIMITED TAX BONDS
SCHEDULE OF PRINCIPAL AND INTEREST MATURITIE
as of DECEMBER 31, 1965
II
TOTAL TOTAL
I
FISCAL YEAR ENDING PRINCIPAL INTEREST
DUE DUE PRINC
12-31-66 $ 2,000.00 $13,385.00 $ 2,0D
' 12-31-67 2,000.00 13,295.00 2,001
12-31-68 4,000.00 13,150.00 4,00D
12-31-69 4,000.00 12,950.00 4,001
1 12-31-70 4,000.00 12,750.00 4,001
12-31-71 4,000.00 12,550.00 4,00(
12-31-72 5,000.00 12,325.00 5,001
1 12-31-73 5,000.00 12,075.00 5,00�
12-31-74 5,000.00 11,825.00 5,00D
12-31-75 6,000.00 11,550.00 6,001
12-31-76 6,000.00 11,250.00 6,0D
1 12-31-77 7,000.00 10,925.00 7,00'
12-31-78 7,000.00 10,575.00 7,001
12-31-79 7,000.00 10,225.00 7,001
II 12-31-80 7,000.00 9,875.00 7,00
12-31-81 8,000.00 9,500.00 8,001
12-31-82 8,000.00 9,100.00 8,001
II 12-31-83 10,000.00 8,650.00 10,00i
12-31-84 10,000.00 8,150.00 10,00�
12-31-85 11,000.00 7,625.00 11,0D
12-31-86 11,000.00 7,0/5.00 11,001
I
12-31-87 12,000.00 6,500.00 12,00�
12-31-88 12,000.00 5,900.00 12,001
12-31-89 13,000.00 5,275.00 13,0D
It 12-31-90 14,000.00 4,600.00 14,00�
12-31-91 15,000.00 3,875.00 15,0D
12-31-92 20,000.00 3,000.00 20,0D
1 12-31-93 25,000.00 1,875.00 25,0D
12-31-94 _25,,000.00 625.00
Totals $269,000.00 $260,455.00 $244,00D
1
1
II 19
II
1 GALVESTON COUNTY WATER CONTROL AND IMPROVEMENT DISTRI
(assumed CITY OF FRIENDSWOOD)
WATERWORKS AND SEWER SYSTEM
II UNLIMITED TAX BONDS
SCHEDULE OF PRINCIPAL AND INTEREST MATURITIES
as of DECEMBER 31,, 1965
II TOTAL TOTAL
FISCAL YEAR PRINCIPAL INTEREST
IENDING DUE - DUE PRINC
12-31-66 $ 4,000.00 $ 13,645.00 $
I
12-31-67 4,000.00
4,000.00 13,505.00
12-31-68 13,365.00
12-31-69 4,000.00 13,225.00
12-31-70 4,000.00 13,085.00
II12-31-71 5,000.00 12,927.50
12-31-72 5,000.00 12,752.50
12-31-73 5,000.00 12,577.50
I 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
II 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
II12-31-81 7,000.00 10, 851.25
12-31-82 7,000.00 10,553.75
12-31-83 7,000.00 10,256.25
11 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
II 12-31-87 8,000.00 9,002.50
12-31-88 9,000.00 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 30,00C
12-31-96 30,000.00 4,725.00 30,00C
I
12-31-97 30,000.00 3,375.00 30,OOC
12-31-98 35,000.00 1,912.50 35,00C
12-31-99 - 25,000.00 562.50 25 00C
I
Totals $325,000.00 $326,515.00 $150300C
II
I 20
I
;7,JTY9F FBTEJDSWgoD; TExaa
SSHEDULE OF INSURANCE IN FORCE
IDECEMBER 31, 19f 5
II
Aetna Insurance Company
Policy Number 61S5979
Term April 25, 1965 to April 25, 1966
II Kind Public Official Bond
Premium $50.00
Person Covered Lawrence Byron Cline (Tax Assessor)
IAmount of Coverage $10,000.00
Policy Number 61S3702 BC
Term May 8, 1965 to May 8, 1966
II Kind Blanket Position Schedule Bond for Public Employees
Premium $45.00
Persons Covered City Employees
IAmount of Coverage $9,000.00 total coverage
Policy Number S6804; S6805; S5100; S5101
II Term January 5, 1965 to January 5, 1966
Kind Supervisors Bond - Drainage District
Premium $100.00
Persons Covered James B. Shore, Myron D. Worden, Cecil Brown, Jr. ,
II and D. F. Prince
Amount of Coverage $5,000.00 each person
I Policy Number 6157119
Term January 25, 1965 to January 25, 1966
Kind Supervisors Bond - Drainage District
I Premium $25.00
Person. Covered Leslie Thorn
Amount of Coverage $5,000.00
IIPlanet Insurance Company
Policy Number P2-00-78-27
II Term February 2, 1965 to ,Indefinite
Kind Public Official Bond
Premium $25.00
I Person Covered Amount of Coverage Water Superintendent
$5,000.00
II United States Fidelity and Guaranty Company
Policy Number J58900
Term October 1, 1965 to October 1, 1966
II Kind Workmen' s Compensation & Employer' Liability
Premium $333.41 (Estimated)
Persons Covered Waterworks Operations; Sewage Disposal Operations;
I Clerical Office Employees; Policemen; Street or Road
Construction or Reconstruction; Irrigation or Drainage
System Construction; Municipal, County, or State
Employees engaged in Construction work.
II 21
1
SCHEDULE OF INSURANCE IN FORCE
- continued -
United States Fidelity and Guaranty Company
Policy Number CGA 363823
Term October 1, 1965 to October 1, 1966
Kind Comprehensive General - Automobile Liability Policy
Premium $856.00
Amount of Coverage Bodily Injury Liability - Automobile
1965 Ford: 10,000.00 each person;
20,000.00 each accident
1963 Plymouth: 50,000.00 each person
100,000.00 each accident
1964 Chevrolet Pick-Up: 50,000.00 each person
100,000.00 each accident
Non-Ownership & Hired
Car Coverage: 50,000.00 each person
100,000.00 each accident
t Basic Medical ($500.00 each person) on 1963
Plymouth and 1964 Chevrolet Pick-Up
Bodily Injury Liability - Except Automobile
' 100,000.00 each person
200,000.00 each accident
200,000.00 aggregate products
Property Damage Liability - Automobile
' 5,000.00 each accident
Property Damage Liability - Except Automobile
5,000.00 each accident
' 25,000.00 aggregate operations
25,000.00 aggregate protective
25,000.00 aggregate products
' 25,000.00 aggregate contractual
Automobile Physical Damage
1965 Ford - $250.00 deductible
1964 Chevrolet Pick-Up - $50.00 deductible
' Fidelity and Guaranty Insurance Underwriters, Inc.
Policy Number OF2627
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)
All buildings including City Hall, All steel
Water Tank and Tower, Chlorination Building,
Outside Electrical Panel, and Outside Site
Improvements.
2. $5,000.00 - contents, City Hall and Fire Department
3. $500.00 Contents, Chlorination Building
I
Blue Cross and Blue Shield
Kind Hospital Insurance
' 22