HomeMy WebLinkAbout1970 09 30 Financial Report - City Of Friendswood I
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CITY OF FRIENDSWOOD, TEXAS
FINANCIAL REPORT
FOR THE TWELVE MONTHS ENDED
SEPTEMBER 30, 1970
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ELECTED OFFICIALS
MAYOR
Edward F. Stuart
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CITY COUNCIL
tRalph G. Gonzalez
Ronald G. Hamil
James E. Mager
George F. Prude
Thomas F. Woods
L. B. Cline Tax Assessor & Collector
L. B. Cline City Secretary
109 Willowick
Friendswood, Texas
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TABLE OF CONTENTS
II Page
Letter of Transmittal
IIStatement of Combined Cash Receipts and Disbursements -
All Funds Except Utility Fund 1
IIGeneral Fund
Statement of Revenue Receipts - Schedule I 2
11 Operating Expenses
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
1 Water and Sewer System
Statement of Income and Expenses 8 iii
1 Balance Sheet
City Water and Sewer System 9 & 10
Annexed Water District System 11
1 Statement of Cash Receipts and Disbursements - Construction Fund
City Water and Sewer System 12
11 Schedule of Property, Plant and Equipment
City Water and Sewer System 13
Annexed Water District System 14
II Statement of Combined Cash Receipts and Disbursements
Interest and Sinking Funds 15 & 16
Bond Reserve Account 17
IIStatement of Bond Maturities and Interest Requirements 18 & 19
IIBond Requirements Compared with Actual 20 & 21
Balance Sheet - All Funds 22 - 25
IIAnalysis of Changes in Unappropriated Surplus 26
Comparison of Budget with Actual
IIReceipts and Disbursements - General Fund 27
Comparison of Budget with Actual Income
11 and Expenses - Water and Sewer System 28
Schedule of General Fixed Assets 29 & 30
IIStatement of Bonds Payable 31 - 34
Schedule of Insurance in Force 35 - 38
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HELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
HOUSTON, TEXAS 77002
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December 29, 1970
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, 1970. 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
11 considered necessary under the circumstances.
Accounting records for the city are maintained on a cash basis ; the records
1 for the water and sewer system are on an accrual basis.
A resume of the financial activities of the various funds follows :
GENERAL FUND
The General Fund is used to finance the ordinary maintenance and operations
of the City and records all activities not provided for in other funds. A com-
parative statement of receipts and disbursements for the years ended September 30,
1969 and September 30, 1970 is as follows :
YEAR ENDED
9-30-70 9-30-69
1 Receipts
Revenues
Taxes, Penalties and Interest $157,610.67 $112,304.14
Fines and Fees 5,821.50 3,278.50
1 Inspections and Permits 8,884.61 14,539.49
Franchise and Gross Receipts 16,390.77 14,408.95
Other Revenues 4,283.18 3,828.77
Other Receipts
Contributions and Federal Grant Funds 82,134.88 25,941.12
Total $275,125.61 $174,300.97
Expenditures
Operating Expenses $163,971.45 $122,046.14
Capital Outlay 68,814.80 62,024.65
Total $232,786.25 $184,070.79
Excess of Receipts over
11 Expenditures $ 42,339.36 $ (9,769.82)
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TAXES
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On November 18, 1968, the City Council adopted Ordinance #117 which provided
that :
11 1) The City of Friendswood shall take over all properties and assets of
Galveston County Water Control and Improvement District No. 21 and
I 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.
II 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
I 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.
11 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 a governmen-
tal entity.
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The 1965 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 :
II1965 1966 1967 1968 1969 1970
lr General Fund Operations $0.58 $0.664 $0.58 $0.655 $0.816 $0.61
Interest and Sinking Fund 0.42 0.336 0.42 0.345 0.184 0.39
Total $1.00 $1.00 $1.00 $1 .00 $1.00 $1.00
itTaxes levied and collections thereon are as follows :
1966 1967 1968 1969 1970
IrAssessed Valuation
October 1 $10,455,650 $11,432,725 $17,199,434 $19,440,970 $21,615,481
IrTaxes Assessed
City $104,556.50 $114,327.25 $124,705.07 $139,177.64 $155,224.03
WCID #21 47,289.27 55,232.06 60,930.78
It $104,556.50 $114,327.25 $171,994.34 $194,409.70 $216,154.81
Total Collections
I City $103,448.90 $112,512.30 $122,866.87 $134,987.31 N/A
WCID #21 47,174.47 55,227.56 N/A
% Collections
Ir City 98.90% 98.41% 98.52% 96.98%
WCID #21 99.76% 99.99%
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WATER AND SEWER SYSTEM
IIThe following is a comparative summary of income and expenses of the Water
and Sewer System for the year ended September 30, 1969 and September 30, 1970:
II CITY SYSTEM ANNEXED DISTRICT SYSTEM
YEAR ENDED YEAR ENDED
9-30-70 9-30-69 9-30-70 9-30-69
IIOperating Revenues $131,883.41 $122,187.42 $ 38,438.08 $ 57,240.93
Less : Operating Expenses 62,953.37 60,783.73 34,204.21 42,361.93
11 Income Available for
Debt Service $ 68,930.04 $ 61,403.69 $ 4,233.87 $ 14,879.00
Less : Provision for
11 Depreciation 23,051.89 25,487.31 12,025.00 12,000.00
Operating Income $ 45,878.15 $ 35,916.38 $ (7,791.13) $ 2,879.00
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Water and Sewer Connections as of September 30, 1969 and September 30, 1970 were
as follows :
11 9-30-70 9-30-69 Increase
City
11 Water 897 789 108
Sewer 853 748 105
WCID #21
II Water 570 537 33
Sewer 567 534 33
II Total
Water 1,467 1,326 141
Sewer 1,420 1,282 138
11 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
il 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
11 The current requirements of the Bond Orders governing the Interest and
Sinking Funds on all series of bonds of the City Water and Sewer System are being
11 satisfied.
The requirements of the Bond Order governing the Interest and Sinking Fund
and Reserve Fund on the Galveston County WCID #21 Combination Tax and Revenue
liBonds assumed by the City of Friendswood under Ordinance #117 on November 18,
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1968, have not been satisfied.
A resume of these requirements is shown below:
11 City Water and Sewer System
Accrued Interest and Principal Requirement (9-30-70) $ 18,188.83
Accrued Bond Reserve Requirement (9-30-70) 8,247.11
Total Requirement (9-30-70) $ 26,435.94
11 Funds Available $ 54,918.31
Annexed Water District System
Galveston County WCID #21
Accrued Ihterest and Principal Requirement (9-30-70) $ 5,000.00
Accrued Bond Reserve Requirement (9-30-70) 8,500.00
Total Requirement (9-30-70) $ 13,500.00
Funds Available (Overdraft) $ (1,534.08)
CONSTRUCTION PROGRAM - Water and Sewer System
During the year ended September 30, 1970, the following construction contracts
were completed:
Tech-Con Corporation
Sewer Lines to serve area south of Cowart Creek
Mainland Construction Company
Water line to serve new High School
Layne-Texas Company
Ground Storage Tank
Still in the process of being completed were two other contracts :
George C. Cox, Inc.
Additions tv Sewage Treatment Plant #2
Tom-Co. Incorporated
West Interceptor Trunk Line and Extension to new
High School
The city received $157,200.00 in federal grant funds under project WPC-TEX-
567 (sewage treatment construction) . These funds, when received, were deposited
into the General Fund of the City. During the year, $42,251.63 was transferred
to the Water and Sewer Construction Account to provide cash for payment of cons-
truction contracts. An additional $47,963.99 will be required to complete
construction still in progress. These funds are currently invested in a certi-
ficate of deposit in the General Fund, and are shown as a liability to the
Construction Account on the General Fund books of the city.
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The city also received $15,150.50 from the Department of Housing and Urban
IDevelopment covering a grant on park land acquired by the city during the year.
CONSTRUCTION - Friendswood Public Library
IIConstruction was completed during the year on the Friendswood Public Library.
The building and furnishings were financed by a grant from the Texas State Library
II of $50,000.00, a grant from the Moody Foundation of $37,500.00, with the balance
of $49,850.65 expended todate coming from city revenues. As of September 30, 1970,
there was still due from the Texas State Library a balance of $7,500.00 on the
grant from them.
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GENERAL
11 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
11 sales tax became effective October 1, 1970.
Census figures released June 15, 1970, gave the population of the city as
5,641 - an increase of 4,680 over the 1960 census of 961.
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OPINION
II 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, 1970 and the results of its
IIoperations for the twelve month period ended as of that date.
Very truly yours,
IIHeloise Brown Canter
Certified Public Accountant
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CITY OF FRIENDSWOOD,
II STATEMENT OF COMBINED CASH RECEIPT
ALL FUNDS EXCEPT UTILI
OCTOBER 1, 1969 to SEPTEMB
II TOTAL
ALL
FUNDS
IICash Balance - October 1, 1969 $ 9,249.49
I Receipts
Revenues (Schedule I)
Ad Valorem Taxes $157,610.67'
Fines and Fees 5,821.50'
II Inspections and Permits 8,884.61'
Franchise and Gross Receipts 16,390.77'
Rent 475.00
II Interest Earned 2,837.05
Miscellaneous Reimbursements 945.12
Other Revenue 26.01
1 Total Revenue $192,990.73
Other Receipts
From Federal Agencies
WPC-TEX 567 $157,200.00
II HUD (Park Land) 15,150.50
From Texas State Library 42,500.00
Advance from General Fund on Library
1 Construction Costs 34,594.90
Total Other Receipts $249,445.40
Total Receipts $442,436.13
IITotal Available $451,685.62
Disbursements
II Operating Expenses
General and Administrative Expenses
(Schedule II) $ 36,521.97
II Police Department Expenses (Schedule III) 33,806.98
Street and Drainage Department Expenses
(Schedule IV) 69,557.39
II Miscellaneous Other Expenses (Schedule V) 24,085.11
Total Operating Expenses $163,971.45
Capital Outlay
Schedule VI $ 68,814.80
11 Payments on Construction and Equipment
Contracts - Library Building 73,459.00
Total Capital Outlay $142,273.80
1 Other Disbursements
Federal Grant Funds Transferred to Water
and Sewer Construction $ 42,251.63
II Advance to Library Building Fund 7,428.50
Advance to Garbage Collection 4,200.00
Refund of Prior Year Deposit 43.00
Total Other Disbursements $ 53,923.13
Total Disbursements11 $360,168.38
Cash Balance - September 30, 1970 $ 91,517.24
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SCHEDULE I
CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
STATEMENT OF REVENUE RECEIPTS
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
Ad Valorem Taxes
1969 Tax Roll $155,215.34
1968 Tax Roll 1,113.71
1967 Tax Roll 174.06
1966 Tax Roll 180.21
1965 Tax Roll 5.57
Penalties and Interest 735.78
Tax Certificates 186.00
Total $157,610.67
Fines and Fees
Fines - Traffic Violations $ 5,548.50
Dog Tags and Pound Fees 273.00
Total $ 5,821.50
Inspections and Permits
Building Permits $ 7 284.61
Other Permits 1,600.00
Total $ 8,884.61
Franchises and Gross Receipts Tax
Community Public Service $ 9,654.24
Houston Natural Gas 2,441.01
Southwestern Bell Telephone 4,295.52
Total $ 16,390.77
Rent $ 475.00
Interest Income $ 2,837.05
11 Miscellaneous Reimbursements
Friendswood ISD (School Guard Expense) $ 945.12
Other Revenue $ 26.01
Grand Total $192,990.73
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SCHEDULE II
CITY OF FRIENDSWOOD, TEXAS
II GENERAL FUND
GENERAL AND ADMINISTRATIVE EXPENSES
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
BUDGET ACTUAL
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Salaries and Wages $ 17,256.00 $ 17,747.19
Payroll Taxes 3,000.00* 853.10
11 Group Hospitalization and Life Insurance
(Employee Benefits) 1,800.00 1,261.50
Other Insurance and Bonds 2,500.00 3,287.15
II Telephone 900.00 1,216.33
Office Supplies and Postage 2,300.00 2,682.78
Maintenance and Supplies - Building 1,000.00 1,331.60
Maintenance - Equipment 300.00 368.17
II Miscellaneous Expenses 744.00 184.41
Engineering Fees 200.00 321.04
Legal Expense 4,000.00 3,379.33
II Audit Expense 1,500.00 1,500.00
Dues, Subscriptions and Publications 400.00 529.68
Election Expense 300.00 275.70
II Printing and Legal Notices 300.00 870.53
Mayor and Council Expense 500.00 251.21
Travel 200.00 85.45
Inspection Fees 600.00 376.80
II Bulk Gasoline 250.00
Taxes to Pearland - Longwood Park 150.00
IITotal General and Administrative Expenses $ 38,200.00 $ 36,521.97
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11 *Budgeted figure includes payroll taxes for all
general fund employees.
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11 SCHEDULE III
CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
POLICE DEPARTMENT EXPENSES
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
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11 BUDGET ACTUAL
Salaries $ 25,180.00 $ 24,602.67
Chief $ 9,000.00
11 Patrolmen 8,705.00
Clerk 3,938.75
Dispatcher 1,800.00
I School Guard 1,158.92
Payroll Taxes 1,180.92
Insurance (Police Car) 500.00 299.00
II Telephone 550.00 855.59
Office Expense 325.53
Maintenance - Car 1,550.00 1,969.50
Maintenance - Radio and Radar 900.00 1,138.56
II Miscellaneous 118.11
Fuel 1,100.00 1,474.98
Prisoner Care 8.25
II Materials and Supplies 800.00 446.35
Training 200.00 70.00
Uniforms and Badges 700.00 1,044.64
11 Dog Pound Operation 200.00 272.88
Total Police Department Expenses $ 31,680.00 $ 33,806.98
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SCHEDULE IV
CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
STREET AND DRAINAGE DEPARTMENT EXPENSES
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
BUDGET ACTUAL
Salaries $ 22,300.00 $ 22,971.74
Payroll Taxes 1,102.64
11 Insurance - Equipment - 745.00
Street Lights 5,500.00 6,436.50
Maintenance of Streets Contract Labor 1,569.50
Maintenance of Equipment 4,445.00 8,282.35
Street Signs 700.00 488.85
I Miscellaneous 296.32
Fuel 1,500.00 2,072.32
11 Materials and Supplies 28,900.00 23,302.33
Shop Supplies 767.21
Uniform Rental 692.82
Expendable Tools and Supplies 489.81
Weed Spraying 500.00 340.00
Rental Equipment 1, 00.00
Total Street and Drainage Department Expenses $ 64,845.00 $ 69,557.39
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11 SCHEDULE V
CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
MISCELLANEOUS OTHER EXPENSES
OCTOBER 1, 1969 to SEPTEMBER 30 , 1970
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BUDGET ACTUAL
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Civil Defense $ 1,500.00 $ 635.25'
Corporation Court 50.00 424.42-
Payroll - Judge $ 50.00
Payroll - Prosecutor 300.00
Payroll Taxes 14.40
11 Miscellaneous 60.02
Flood Control 100.00 147.00'
Fire Department 9,146.00 9,333.35 /
Budget Allocation $ 8,305.00
11 Fuel 229.19
Supplies and Uniforms 741.00
Fire Marshall Expense 112.16
11 2 Fire Extinguishers (54.00)
Park Expense (Utilities) 47.14 r
Library Expense 7,900.00 9,927.66—
Budget Allocation $ 7,900.00
11 Utilities 1,199.64
Insurance 463.00
Dedication Expenses 291.34
11 Other 73.68
Mosquito Control 500.00 232.41/
Sanitation and Health 1,520.00 1,162.44
I Garbage Expense 100.25"
Safety Commission 500.00 18.00'
Summer Recreation Program 2,000.00 2,057.19-
Industrial Survey 3,500.00
11 Galveston County Mental Health 200.00
11 Total Miscellaneous Other Expenses $ 26,916.00 $ 24,085.11
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SCHEDULE VI
CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
CAPITAL OUTLAY
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
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General and Administrative
11 1 Double Pedestal Desk # JO-10FC72 $ 194.25
1 L Shapped Desk 60"x30" Top # JO-10SPR60
with Box and File Drawer Pedestal
with Lock # JO lOSSUL 246.00
I 1 Data-link Postage Dispenser 60.95
1 Apeco Roll-O-Matic Copier 1,227.45
11 Total General and Administrative $ 1,728.65
Police Department
11 1 IBM Selectric Typewriter
Serial # 5635 608 - Model 21-71501001 $ 486.00
1 1970 Plymouth Police Car
Motor # PK 41 LOD 229999 2,768.60
11 Total Police Department 3,254.60
11 Streets and Bridges
Street Signs $ 137.00
1 Ferguson 2-3 Ton Roller 1,950.00
11 1 1953 Studebaker 6x6 Cargo Truck
Serial # 32335, Engine # M331-164352
with 2,000 gallon Water Tank Mounted 792.29
1 Compressor Air, Gas Engine
11 (Chicago Pneumatic) Serial # 556093,
Size 5 7/8 x 3 1/2 x 4 120.00
1 Used International Cub-Tractor 704.96
11 1 Portable Power Unit - Serial # B706258 100.90
1 Used Gradall - Serial # 89098 12,000.00
ROW - E.C. White - 20' on Melody Lane 700.00
11 Total Street and Bridges 16,505.15
Library Building and Furnishings
11 Contract Requirements as per Audit Report
of September 30, 1969 $ 19,396.80
Miscellaneous Other Costs 7,769.60
11 Total Library Building and Furnishings 27,166.40
Other
11 Park Site - 10 acres $ 20,160.00
Total Other 20,160.00
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Grand Total
$ 68,814.80
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CITY OF FRIENDSWOOD, TEXAS
11 WATER AND SEWER SYSTEMS
STATEMENT OF INCOME AND EXPENSES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1970
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Annexed District
11 City (WCID #21)
Total System System
Operating Revenues
11 Water and Sewer Service Charges $155,377.99 $ 96,922.41 $ 58,455.58
Adjustment for Sewage Treatment Charge 20,100.00 (20,100.00)
Reconnect Fees 162.50 80.00 82.50
11 Tap Fees 14,781.00 14,781.00
Total Operating Revenues $170,321.49 $131,883.41 $ 38,438.08
11 Less : Operating Deductions
Salaries and Wages $ 39,950.11
Payroll Taxes 1,921.51
11 Employee Benefits 904.25
Plant Operation - Water 2,364.82
Plant Operation - Sewer 6,527.40
11 Plant Repairs - Water 7,047.15
Plant Repairs - Sewer 2,598.77
Line Repairs - Water 1,306.70
1! Line Repairs - Sewer 2,999.40
Equipment Repairs 1,137.38
Taps - Water 7,611.52
Taps - Sewer 2,733.34
11 Laboratory Expense 318.20
Bulk Gasoline 732.33
Utilities 10,130.23
Office and General Administrative
11 Expenses 4,867.05
Insurance and Bonds 1,407.46
Auditing Expense 1,000.00
1! Engineering Fees 399.96
Legal Expenses 1,200.00
Total Operating Deductions $ 97,157.58 62,953.37 34,204.21
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Income Available for Debt Service $ 73,163.91 $ 68,930.04 $ 4,233.87
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CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1970
ASSETS
Current Assets
Petty Cash $ 225.00
Cash in Bank 21,578.19
Accounts Receivable
Water and Sewer Charges 11,257.05
Due from WCID #21 7,158.80 I!
Utility Deposits 30.00
Total Current Assets $ 40,249.04
Utility Fixed Assets 11
Schedule Attached 1,972,352.03
Fund Accounts
Water and Sewer System Construction Fund
Cash in Bank $ 135.67
Due from General Fund (Federal
Grant Funds Held in City Account) 47,963.99
Deferred Charges (Engineering Fees) 19,455.29 67,554.95
Interest and Sinking Fund
Cash in Bank $ 41,306.77
Taxes Receivable
1969 Tax Levy $ 814.71
1968 Tax Levy 729.80 !!
1967 Tax Levy 769.52
1966 Tax Levy 361.21
1965 Tax Levy 118.26 !!
1964 Tax Levy 121.30
1963 Tax Levy 121.30
1962 Tax Levy 19.80
1961 Tax Levy 19.80
1960 and Prior Years 89.90 3,165.60 44,472.37
Bond Reserve Account
Cash in Bank 10,445.94
Total Fund Accounts 122,473.26
Total Assets $2,135,074.33
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LIABILITIES, RESERVES AND SURPLUS
Current Liabilities
Accounts Payable $ 1,791.52
Customers ' Meter Deposits 1,343.75
Total Current Liabilities $ 3,135.27
1 Fund Account Current Liabilities
Construction Fund
Construction Contracts Payable $ 43,607.10
Construction Engineering Fees Payable 4,492.56
Due to Federal Agencies (HUD) 19,455.29 67,554.95
Interest and Sinking Fund
Accrued Bond Interest Payable $ 6,522.15
Accrued Bond Principal Payable 11,666.68 18,188.83 85,743.78
Bonds Payable
Total Bonds Payable $1,457,000.00
Less : Accrued Principal Classified as
Current Liability 11,666.68
Total Bonds Payable (Non-Current Portion) 1,445,333.32
Reserves
For Depreciation $ 114,044.59
For Retirement of Sinking Fund Bonds 48,396.16
Total Reserves 162,440.75
11 Contributions
By Land Owners $ 11,767.87
By Federal Agencies 300,285.90
11 Total Contributions 312,053.77
Surplus
1 Arising from Bonds Retired $ 39,000.00
Arising from Revenues of Maintenance and
Operating Fund Invested in Fixed Assets 148,119.77
Arising from Interest Earned on Bond Funds 16,178.49
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$ 203,298.26
Unappropriated Surplus (76,930.82)
Total Surplus 126,367.44
Total Liabilities, Reserves and Surplus 2 135 074.33
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CITY OF FRIENDSWOOD, TEXAS
ANNEXED WATER DISTRICT (WCID #21) SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1970
ASSETS
Current Assets
Cash on Hand $ 41.50
Accounts Receivable 7,117.30
11 Total Current Assets $ 7,158.80
Utility Fixed Assets
Schedule Attached 604,896.41
Fund Accounts
Interest and Sinking Fund
Cash in Bank $ (2,249.00)
Taxes Receivable
1969 Tax Levy $ .83
1968 Tax Levy 39.61
1967 Tax Levy 607.54
1966 Tax Levy 66.94 714.92
11 Total Fund Accounts (1,534.08)
Total Assets $610,521.13
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LIABILITIES, RESERVES AND SURPLUS
P Current Liabilities
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4. Due to City Water and Sewer System $ 7,158.80
Fund Account Current Liabilities
Interest and Sinking Fund
Accrued Bond Interest Payable 5,000.00
Bonds Payable 600,000.00
Reserves
11 For Depreciation $ 24 025.00
For Retirement of Sinking Fund Bonds (6,534.08) 17,490.92
Surplus
Arising from Revenues of Maintenance and Operating
Fund Invested in Fixed Assets $ 4,896.41
Unappropriated Surplus (24,025.00)
Total Surplus (19,128.59)
11 Total Liabilities, Reserves and Surplus $610,521.13
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CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
CONSTRUCTION FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
Cash Balance - October 1, 1969 $687,733.63
Receipts
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Federal Grant Funds (transferred from
General Fund) $ 42,251.63
Refund from Local Planning Assistance
Program 82.13
Interest Earned on Time Deposits 16,178.49
Total Receipts 58,512.25
Total to be Accounted For $746,245.88
Disbursements
11 Additions to Sewer Treatment Plant #2
George C. Cox, Inc. $176,363.70
Engineering Fees, Inspection 8,563.05 $184,926.75
West Interceptor Trunk Line and Extension
Tom-Co. , Inc. $303,369.20
Engineering Fees, Inspections 15,981.84
Right-O-Way Costs 3,352.30 322,703.34
Sewer Line (South of Cowart Creek)
Tech-Con Corporation $ 99,443.34
Engineering Fees, Inspections 6,900.55 106,343.89
Water Line to New High School
Mainland Construction Co. $ 10,315.55
Engineering Fees 1,257.71 11,573.26
Ground Storage Tank
Layne-Texas Co. $ 62,364.00
Engineering Fees, Inspections 7,697.61
Land Costs 7,288.85 77,350.46
Other
Transfer to Interest and Sinking
Fund $ 9,933.76
Refund to City Water and Sewer System
Operating Fund (per Audit Report of
9-30-69) 10,251.63
Refund to HUD (advance planning grant) 22,192.79
Audit Expense 834.33 43,212.51
Total Disbursements 746,110.21
Cash Balance - September 30, 1970 135.67
It I
12
II
II CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
as of SEPTEMBER 30, 1970
II
Balance Balance
I10-1-69 Additions Deletions 9-30-70
Land $ 27,587.95 $ 10,641.15 $ 38,229.10
Total Land $ 27,587.95 $ 38,229.10
I
Structures and Improvements
Water Plants $ 144,316.53 11,569.40 $ 155,885.93
II Water Distribution System 288,817.91 20,768.55 309,586.46
Sewage Collection System 459,136.99 109,444.04 568,581.03
Ground Storage Tank 71,416.61 71,416.61
I Sewage Plants 190,769.76 1,462.87 192,232.63
Laboratory 7,054.44 7,054.44
Warehouse Building 6,225.00 6,225.00
Total Structures and Improvements $1,096,320.63 $1,310,982.10
Construction in Progress $ 752,874.82 54,514.72 $201,140.67 $ 606,248.87
Total Construction in Progress $ 752,874.82 $ 606,248.87
II
Other
Office Furniture and Equipment $ 4,267.03 1,321.85 200.00 $ 5,388.88
• Machinery and Equipment
Trucks 4,752.15 4,752.15
Radio Equipment 987.93 107.40 1,095.33
Tools 1,453.18 1,453.18
Link Belt Ditching Machine 15,200.00 15,200.00
Backhoe 6,200.00 6,200.00
Utility Pump 1,500.00 1,500.00
11 Smoke Testing Machine-Sewer Lines 257.42 257.42
Two-wheel Flat Bed Trailer 245.00 245.00
$ 34,617.71 $ 20,891.96
II Less : Bonds Matured Prior to
Acquisition 4,000.00 4,000.00
Total Other $ 30,617.71 $ 16,891.96
IITotal Property, Plant and Equipment $1,907,401.11 $281,491.59 $216,540.67 $1,972.352.03
Source of Funds
IIFrom Bonds Assumed $ 596,000.00
From General Obligation Bonds Issued 200,000.00
From Revenue Bonds Issued 700,000.00
I From Interest Earned on Bond Funds 16,178.49
From Maintenance and Operating Fund 148,119.77
From Contribution by Land Owners 11,767.87
From Federal Agencies 300 285.90
Total $1,972,352.03
11
13
1
1
CITY OF FRIENDSWOOD, TEXAS
ANNEXED WATER DISTRICT (WCID #21) SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
as of SEPTEMBER 30, 1970
Balance Balance
10-1-69 Additions Deletions 9-30-70
Structures and Improvements
11 Land, Water Well and Pumping
Facilities $ 56,298.11 $ 4,896.41 $ 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 $ 600,000.00 $ 604,896.41
Source of Funds
From Bonds Assumed $ 600,000.00
From Maintenance and Operating
11 Account 4,896.41
Total $ 604,896.41
1r
1
1
I
14
I,
4
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS
INTEREST AND SINKING FUNDS 404
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
City Water and 11
1957 1958 1962
Total Series Series Series OP
Cash Balance - October 1, 1969 $ 37,846.32 $ 1,999.11 $ 974.16 $ 7,917.26
Receipts
1969 Tax Levy $ 34,999.53 $ 869.32 $ 124.18 $ 1,117.69
1968 Tax Levy 586.59 97.20 84..64
1967 Tax Levy 126.04 5.83 17.65
1966 Tax Levy 91.19 5.37 19.15
1965 Tax Levy 4.03 .24 .85
Penalty and Interest 249.33 1.94 39.90
Transfer - Refunding Series (499.77) (848.34)
Transfer from Water and Sewer
Operating Fund 69,452.50,
Transfer from Construction Fund 9,933.76 !!
Interest on Time Deposits 3,372.98 115.87 436.56
Total Receipts $118,815.95 $ 596.00 $ (724.16) $ 1,716.4411
Total to be Accounted For $156,662.27 $ 2,595.11 $ 250.00 $ 9,633.70
Disbursements
Debt Service
Interest Paid $108,460.00 $ 1,700.00 $ 250.00 $ 6,750.00
Bonds Retired 9,000.00
Fees 144.50
Total Disbursements $117,604.50 $ 1,700.00 $ 250.00 $ 6,750.00
Cash Balance - September 30, 1970 $ 39,057.77 $ 895.11 $ 0.00 $ 2,883.70
11
11
11
15
I
11
IISewer System Annexed Water District System
1963 1967 1969 1969 1964
11 Series Series Refunding Revenue Series
$ 6,205.84 $ 2,328.89 $ 10,768.75 $ 783.80 $ 6,868.51
11
$ 6,954.54 $ 7,823.86 $ 7,948.07 $ 10,161.87
132.25 108.45 106.47 57.58
II 28.99 34.03 39.54
30.09 36.58
1.33 1.61
II 52.33 41.11 58.99 55.06
1,348.11
II 2,000.00 3,000.00 $ 54,273.54 10,178.96
9,933.76
418.06 277.05 625.63 995.79 504.02
11 $ 9,617.59 $ 11,284.50 $ 10,165.00 $ 65,203.09 $ 20,957.49
$ 15,823.43 $ 13,613.39 $ 20,933.75 $ 65,986.89 $ 27,826.00
II
$ 6,335 .00 $ 8,500.00 $ 10,775.00 $ 44,150.00 $ 30,000.00
II 4,000.00 5,000.00
69.50 75.00
I $ 10,335 .00 $ 8,500.00 $ 15,775 .00 $ 44,219.50 $ 30,075.00
$ 5,488.43 $ 5,113.39 $ 5 ,158.75 $ 21,767.39 $ (2,249.00)
II
II
II
11
11 16
I
1
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
BOND RESERVE ACCOUNT
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
CITY WATER AND SEWER SYSTEM
1957 & 1958 1969 REVENUE
TOTAL SERIES SERIES
11 Cash Balance - October 1, 1969 $ 5,786.21 $ 5,786.21
1 Receipts
Interest Earned 159.73 159.73
Transfer from Water and Sewer
Operating Fund 4,500.00 $ 4,500.00
Total to be Accounted For $ 10,445.94 $ 5,945.94 $ 4,500.00
Disbursements
None
Cash Balance - September 30, 1970 $ 10,445.94 $ 5,945.94 $ 4,500.00
I
I
1
17
40
f
AN
110
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF BOND MATURITIES AND INTEREST REQUIREMENTS up
WATER AND SEWER SYSTEM
4k
CITY SYSTEM WCID # 21 OP
GENERAL COMBINATION, COMBINATION oi•
OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE
FISCAL BOND BOND BOND BOND TOTAL BOND 0,
YEAR MATURITIES MATURITIES MATURITIES MATURITIES MATURITIES la
1970 - 1971 $ 15,000.00 $ 5,000.00 $ 20,000.00 O,
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
OP
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 ea
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
11
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
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
11
1982 - 1983 32,000.00 20,000.00 20,000.00 72,000.00
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 72,000.0011
1985 - 1986 38,000.00 20,000.00 20,000.00 78,000.00
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 7,5,000.00
1989 - 1990 25,000.00 30,000.00 25,000.00 80,000.00
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
1:
1992 - 1993 20,000.00 35,000.00 30,000.00 85,000.00
1993 - 1994 35,000.00 30,000.00 65,000.00
1994 - 1995 30,000.0D 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
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
$728,000.00 $ 29,000,00 $700,000.00 $600,000.00 $2,057,000,00
II
II
II
18II
1
1
II
1 CITY SYSTE
INTEREST
M WCID # 21 TOTAL
GENERAL COMBINATION COMBINATION PRINCIPAL
OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE TOTAL BOND AND
IIBONDS BONDS BONDS BONDS INTEREST INTEREST
$ 32,327.50 $ 1,450.00 $ 43,987.50 $ 30,000.00 $ 107,765.00 $ 127,765.00
II 31,777.50 1,450.00 43,500.00 30,000.00 106,727.50 136,727.50
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
II 29,747.50 1,425.00 41,550.00 28,500.00 101,222.50
98,782.50 144,222,50
28,795.00 1,250.00 40,737.50 28,00Q,00152,782.50
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
II 22,598.75 34,725.00 23,750,00 81,073.75 153,073.75
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
I 18,316.25 30,825.00 20,750.00 69,891,25
66,017.50 141,891.25
16,742.50 29,525.00 19,750,00144,017.50
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
1 8,312.50 19,140,66 12,500.00 39,953.16
35,246,91 128,953.16
7,250,00 16,996.91 11,000.00 120,246.91
6,750.00 14,853.16 9,500.00 31,103.16 96,103,16
II 6,075.00 12,556,29 8,000.00 26,631.29
21,331,29 126,631,29
4,725.00 10,106.29 6,500,00 121,331.29
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
11 562.50 1,531,30 1,750.00 3,843.80 113,843.80
II $513,145.00 $ 12,225.00 $815,262.86 $552,750,00 $1,893,382.86 $3,950,382.86
II
11
II
II 19
If
gat
CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
BOND REQUIREMENTS COMPARED WITH ACTUAL
SEPTEMBER 30, 1970
CITY WATER AND SEWER SYSTEM NEXT MATURITY .
ISSUE DATE PRINCIPAL INTEREST
Galveston County WCID #15 Ir
Combination Revenue and Tax Bonds 3-1-71 $ 725.00
Series 1957 $ 0.00
_1
Galveston County WCID #15
Unlimited Tax Bonds 3-1-71 3,375.00
Series 1962 0.00
Galveston County WCID #15
Unlimited Tax Bonds 3-1-71 3,132.50
Series 1963 3-1-71 5,000.00
!!
City of Friendswood, Texas
Sewer Improvement Bonds 3-1-71 4,250.0011
Series 1967 3-1-71 5,000.00
City of Friendswood, Texas
General Obligation Refunding Bonds 3-1-71 5,575.00 11
Series 1969 3-1-71 5,000.00
City of Friendswood, Texas 1:
Waterworks and Sanitary Sewer System
Revenue Bonds 3-1-71 22,075.36
Series 1969 3-1-71 5 ,000.0011
Total City Water and Sewer System
ANNEXED WATER DISTRICT SYSTEM
Galveston County WCID #21
Combination Tax and Revenue Bonds 2-1-71 15,000.00
Total Annexed Water District System
Grand Total
*Payments to Reserve Fund begin 1-10-70 at rate of
$500.00 per month until Reserve Fund reaches $50,000
**Payments to Reserve Fund at rate of 20% of monthly requirements11
for interest and principal calculated from date bonds assumed
by city
11
20
1
1
II
ACCRUED INTEREST AND ACCRUED RESERVE
II PRINCIPAL REQUIREMENT 9-30-70 REQUIREMENT
9-30-70 COMPARISON 9-30-70
BASIS AMOUNT AMOUNT REQUIREMENT AVAILABLE
II
1/6 $ 120.83 $ 3,747.11 $ 3,867.94 $ 6,965.70
1!
1/6 $ 562.50 562.50 3,304.29
1
1/6 $ 522.08
7/12 2,916.67
$ 3,438.75 3,438.75 6,283.74
11 1/6 $ 708.34
7/12 2,916.67
$ 3,625.01 3,625.01 5,725.17
11 1/6 $ 929.17
7/12 2,916.67
II $ 3,845.84 3,845.84 6,372.02
1/6 $ 3,679.23
II 7/12 2,916.67
$ 6,595.90 4,500.00* 11,095.90 26,267.39
$ 18,188.83 $ 8,247.11 $ 26,435.94 $ 54,918.31
II
1/3 $ 5,000.00 $ 8,500.00** $ 13,500.00 $ (1,534.08)
II $ 5,000.00 $ 8,500.00 $ 13,500.00 $ (1,534.08)
1 $ 23,188.83 $ 16,747.11 $ 39,935.94 $ 53,384.23
I
I
11
II 21
MI
0
40,
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
OP
AS OF SEPTEMBER 30, 1970
Ir
Combined Social it
All General Security
Funds Fund Fund OP
o
ASSETS AND OTHER DEBITS
Assets - Other than Fixed 4.
4
Petty Cash $ 250.00 $ 25 .00 a
Cash on Hand - Revenues Undeposited 116.50 75.00
Cash in Bank 112,995.43 83,981.64 $ 3,039.701r
Taxes Receivable 6,783.77 6,783.77 Wilk
Less : Reserve for Uncollected Taxes (6,783.77) (6,783.77)
Accounts Receivable 18,374.35
Advance Payment on Garbage Collection 4,200.00 4,200.00 tio
Grants Receivable - Texas State Library 7,500.00
Due from Library Construction Fund 7,428.50 7,428.50 �
Due from Annexed Water District
(WCID #21) System 7,158.80 to
Due from Social Security Fund 1,467.70 1,467.70
Utility Deposits 30.00r'z
Fund Accounts
Water and Sewer System Construction Fund
Cash in Bank 135.67II
Due from General Fund (Federal Grant
to
Funds Held in City Account) 47,963.99
Deferred Charges (Engineering Fees) 19,455.29
Interest and Sinking Fund !!
Cash in Bank 39,057.77
Taxes Receivable 3,880.52
Bond Reserve Account
Cash in Bank 10,445.94 !!
Total Assets - Other than Fixed $ 280,460.46 $ 97,177.84 $ 3,039.70
Fixed Assets
Land $ 96,751.62
Structures and Improvements 2,137,232.90
Machinery and Equipment 67,774.53 !!
Construction in Progress 610,716.27
Furniture, Fixtures, Office Equipment 8,560.19
Total Fixed Assets !!$2,921,035.51
Less : Allowance for Depreciation 138,069.59�
Net Fixed Assets $2,782,965.92
!I
Grand Total $3,063,426.38 $ 97,177.84 $ 3,039.70
11
22
II
11
II
II
Library City Annexed General
Building Water & Sewer Water District Fixed
Fund Fund Fund Assets
11
$ 225.00
$ 41.50
I $ 4,395.90 21,578.19
II 11,257.05 7,117.30
7,500.00
II
7,158.80
II 30.00
II 135.67
47,963.99
19,455.29
II
41,306.77 (2,249.00)
3,165.60 714.92
II 10,445.94
$ 11,895.90 $ 162,722.30 $ 5,624.72
II
$ 38,229.10 $ 58,522.52
1,310,982.10 $ 604,896.41 221,354.39
11 14,503.08 53,271.45
606,248.87 4,467.40
2,388.88 6,171.31
II $1,972,352.03 $ 604,896.41 $ 343,787.07
114,044.59 24,025.00
$1,858,307.44 $ 580,871.41 $ 343,787.07
11
$ 11,895.90 $2,021,029.74 $ 586,496.13 $ 343,787.07
23
1
OR
4,
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS MP
AS OF SEPTEMBER 30, 1970 1'
Combined Social
All General Security
Funds Fund Fund OP
41
LIABILITIES, RESERVES & SURPLUS
OP
Liabilities - Other than Long-Term
ie
Accounts Payable $ 1,791.52
Customers' Meter Deposits 1,343.75
Due to General Fund 8,896.20 $ 1,467.70 OP
Due to Water and Sewer Construction Fund 47,963.99 $ 47,963.99 at,
Due to City Water and Sewer System 7,158.80
Construction Contracts Payable 48,003.00
!!
Construction Engineering Fees Payable 4,564.06
Due to Federal Agencies (HUD) 19,455.29
Accrued Bond Interest Payable 11,522.15
Accrued Bond Principal Payable 11,666.68 !!
Total Liabilities - Other Than Long-Term $ 162,365.44 $ 47,963.99 $ 1,467.70
Long-Term Liabilities !!
Total Bonds Payable $2,057,000.00
Less: Accrued Principal Classified as
Current Liability 11,666.68
Total Long Term Liabilities $2,045,333.32 !!
Total Liabilities $2,207,698.76 $ 47,963.99 $ 1,467.70
!!
Other Credits
Reserve for Retirement of Sinking Fund
Bonds $ 41,862.08 !!
Social Security Fund Reserve 1,572.00 $ 1,572.00
Contributions
By Land Owners 11,767.87
By Federal Agencies 393,850.70
Total Other Credits $ 449,052.65 $ 1,572.00
Surplus !!
Arising from Bonds Retired $ 39,000.00
Arising from Revenues Invested in
Fixed Assets 259,876.17
1!
Arising from Contributions 159,540.77
Unappropriated Surplus (51,741.97) $ 49,213.85
Total Surplus $ 406,674.97 $ 49,213.85
11
Grand Total $3,063,426.38 $ 97,177.84 $ 3,039.70
k
24 !!
11
11
11
11
Library City Annexed General
Building Water & Sewer Water District Fixed
IIFund Fund Fund Assets
11
$ 1,791.52
1,343.75
11 $ 7,428.50
$ 7,158.80
4,395.90 43,607.10
1; 71.50 4,492.56
19,455.29
6,522.15 5,000.00
11
11,666.68
$ 11,895.90 $ 88,879.05 $ 12,158.80
I $1,457,000.00 $600,000.00
11,666.68
11 $1,445,333.32 $600,000.00
$ 11,895.90 $1,534,212.37 $612,158.80
11
•
11 $ 48,396.16 $ (6,534.08)
11,767.87
11 300,285.90 $ 93,564.80
$ 360,449.93 $ (6,534.08) $ 93,564.80
I $ 39,000.00
11 164,298.26 $ 4,896.41 $ 90,681.50
159,540.77
(76,930.82) (24,025.00)
$ 126,367.44 $(19,128.59) $250,222.27
11
$ 11,895.90 $2,021,029.74 $586,496.13 $343,787.07
I! 25
' CITY OF FRIENDSWOOD, '
ANALYSIS OF CHANGES IN UNAPPRO
OCTOBER 1, 1969 to SEPTEMB.
1
Total
Balance - October 1, 1969 $(37,934.87)
Additions
Excess of Revenues over Operating
Expenditures $102,056.16
Interest Earned on Social Security
Fund 127.03
Federal Grant Funds 82,134.88
Reimbursement of Prior Year
Expenditures from Federal Grant Funds 10,251.63
' Sale of Equipment 200.00
Total Additions $194,769.70
$156,834.83
Deductions
Provision for Depreciation $ 35,076.89
Capital Outlay 99,547.41
Transfer to Interest and Sinking
Fund 69,452.50
Transfer to Bond Reserve Account 4,500.00
Total Deductions $208,576.80
Balance - September 30, 1970 $(51,741.97)
It
1
I
I
I
26
1
I
CITY OF FRIENDSWOOD, TEXAS
I
COMPARISON OF BUDGET WITH ACTUAL RECEIPTS AND DISBURSEMENTS
GENERAL FUND
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
I
BUDGET ACTUAL
IIReceipts
Ad Valorem Taxes $152,615.00 $157,610.67
11 Fines and Fees 3,000.00 5,821.50
Inspections and Permits 5,600.00 8,884.61
Franchise and Gross Receipts Tax 15,000.00 16,390.77
I Rent 600.00 475.00
Interest Earned 1,000.00 2,837.05
Miscellaneous 900.00 971.13
Carry-over from 1969 6,874.49
I Government Grant Funds 174,500.00 172,350.50
Total Receipts $353,215.00 $372,215.72
I Operating Expenses
General and Administrative $ 38,200.00 $ 36,521.97/
Police Department 31 ,680.00 33,806.98""
Streets and Drainage Expenses 64,845.00 69,557.39-I
Miscellaneous Other Expenses 26,916.00 24,085.11
Total Operating Expenses $161,641.00 $163,971.45
IExcess of Revenues over Operating Expenses $191,574.00 $208,244.27
Capital Outlay
II
General and Administrative Police Department $ 3,000.00 $ 1 ,728.65
3,268.60 3,254.60 i
Streets and Deainage 19,500.00 16,505.15
Other
II Recreational Center 22,400.00
Library Building Fund 27,500.00 27,166.40c
Park Site 20,000.00 20,160.00
ITotal Capital Outlay $ 95,668.60 $ 68,814.80
Balance of Excess Funds $ 95,905.40 $139,429.47
II Other
Transfer of General Funds to Water and
Sewer Construction $ 53,000.00 $ 90,215.62/
I Budget Adjustment Account 42,905.40
Total Other $ 95,905.40 $ 90,215.62
IISurplus - September 30, 1970 $ 49,213.85
!!
11 27
1
II
CITY OF FRIENDSWOOD, TEXAS
COMPARISON OF BUDGET WITH ACTUAL INCOME AND EXPENSES
11 WATER AND SEWER SYSTEMS
OCTOBER 1, 1969 to SEPTEMBER 30, 1970
1 ACTUAL
ANNEXED
CITY DISTRICT
IBUDGET TOTAL SYSTEM WCID #21
Income
Revenue - Water and Sewer Charges $130,000.00 $155,377.99 $117,022.41 $ 38,355.58
II Reconnect Fees 162.50 80.00 82.50
Tap Fees 12,000.00 14,781.00 14,781.00
Total Income $142,000.00 $170,321.49 $131,883.41 $ 38,438.08
IOperating Expenses
Salaries and Wages $ 41,750.00 $ 39,950.11 $ 24,209.77 $ 15,740.34
II Payroll Taxes 1,900.00 1,921.51 1,164.44 757.07
Employee Benefits 1,200.00 904.25 547.98 356.27
Plant Operation 7,500.00 8,892.22 5,388.68 3,503.54
Plant Repairs 9,500.00 9,645.92 5,845.43 3,800.49
' Line Repairs 2,500.00 4,306.10 2,609.49 1,696.61
Equipment Repairs 1,000.00 1,137.38 689.25 448.13
Taps - Water 4,500.00 7,611.52 7,611.52
II Taps - Sewer 1,500.00 2,733.34 2,733.34
Laboratory Expense 500.00 318.20 192.84 125.36
Bulk Gasoline 1,200.00 732.33 443.79 288.54
II Utilities 10,200.00 10,130.23 6,138.92 3,991.31
Miscellaneous 00.00
Office and General Administrative
Expenses 3,000.00 4,867.05 2,949.43 1,917.62
II Insurance and Bonds 2,000.00 1,407.46 852.92 554.54
Auditing Expense 1,000.00 1,000.00 606.00 394.00
Engineering Fees 400.00 399.96 242.37 157.59
II Legal Expenses 1,500.00 1,200.00 727.20 472.80
Total Operating Expenses $ 91,150.00 $ 97,157.58 $ 62,953.37 $ 34,204.21
1 Income Available for Debt Service $ 50,850.00 $ 73,163.91 $ 68,930.04 $ 4,233.87
Other Disbursements
R Capital Outlay $ 700.00 $ 30,732.61 $ 25,836.20 $ 4,896.41
II Transfer to Interest and Sinking
Fund 44,150.00 69,452.50 59,273.54 10,178.96
Transfer to Bond Reserve 6,000.00 4,500.00 4,500.00
IITotal Other Disbursements $ 50,850.00 $104,685.11 $ 89,609.74 $ 15,075.37
Balance $ 0.00 $(31,521.20) $(20,679.70) $(10,841.50)
II
11
II 28
II
11
CITY OF FRIENDSWOOD, TEXAS
II SCHEDULE OF GENERAL FIXED ASSETS
AS OF SEPTEMBER 30, 1970
1 Balance Balance
10-1-69 Additions Deletions 9-30-70
II City Hall
Building $ 76,500.00 $ 76;500.00
II Furniture, Fixtures and Office Equipment
File Cabinets $ 279.92 $ 279.92
Furniture (Desks, Tables, Chairs) 930.59 $ 440.25 1,370.84
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
II SCM Photo Copier and Stand 1,210.00 $ 1,210.00
Furnishings - Mayor 's Office 842.80 842.80
Flag Set 79.00 79.00
1 Water Cooler 196.00 196.00
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
1 Total Office Equipment $ 5,652.66 $ 6,171.31
Library
II Library Site $ 7,838.00 $ 7,838.00
Library Building ";' 123,065.71 123,065.71
Furniture and Equipment 1,979.54 1,979.54
1 Construction in Progress
Library Building 121,743.05 1,322.66 123,065.71
Furniture and Equipment 4,467.40 4,467.40
Total Library $129,581.05 $137,350.65
II Police Department
1968 Plymouth Pursuit Sedan $ 2,647.00 $ 2,647.00
II 1957 Chevrolet i Ton Pick-up 120.00 120.00
Radio Equipment 4,681,94 4,681.94
Emergency Warning Light 65.00 65.00
Radar Unit 732.85 732.85
II Miscellaneous Other Equipment 148.40 148.40
Office Furniture and Equipment 105.18 486.00 591.18
1970 Plymouth Police Car 2,768.60 2,768.60
IITotal Police Department $ 8,500.37 $ 11,754.97
Streets and Bridges
II Street Improvement $ 28.80 $ 28.80
Street Signs 4,758.49 137.00 4,895.49
Right-O-Way 4,771.50 700.00 5,471.50
Castlewood Bridge 5,100.71 5,100.71
II Equipment
International Tractor with Mower 3,302.00 3,302.00
29
1
1
SCHEDULE OF GENERAL FIXED ASSETS
II - continued -
Balance Balance
II10-1-69 Additions Deletions 9-30-70
Streets and Bridges continued
II 1967 Ford 2 Ton Dump Truck $ 3,979.32 $ 3,979.32
Used Caterpillar Grader 9,200.00 9,200.00
1968 Ford Pick-up Truck 1,822.00 1,822.00
Miscellaneous Other Equipment 410.00 410.00
IIRotary Cutter 565.00 565.00
Pneumatic Roller 500.00 500.00
Skill Saw 179.95 179.95
I
Radio Equipment (Truck) 840.53 840.53
Ferguson 2-3 Ton Roller $ 1,950.00 1,950.00
1953 Studebaker Cargo Truck with
1 2,000 Gal. Water Tank
Used 792.29 792.29
International Tractor 704.96 704.96
Portable Power Unit 100.90 100.90
Air Compressor Gas Engine 120.00 120.00
IIUsed Gradall 12,000.00 12,000.00
Wiring Equipment Warehouse 446.00 446.00
Total Streets and Bridges $ 35,904.30 $ 52,409.45
IICivil Defense
Generators (5) $ 472.00 $ 472.00
1 Semi Van-Type Trailer 300.00 300.00
Bell and Howell Film Projector 545.00 545.00
Civil Defense Antenna 81.20 81.20
Total Civil Defense $ 1,398.20 $ 1,398.20
II
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 $ 30,524.52 $ 50,684.52
Other
II 1965 Ford Car $ 2,487.42 $ 2,487.42
Jail Bunks 492.49 492.49
Dog Pound 3,374.15 3,374.15
II Mosquito Control Equipment 1,163 .91 1,163.91
Total Other $ 7,517.97 $ 7,517.97
IITotal General Fixed Assets $295,579.07 $172,483.71 $124,275.71 $343,787.07
Source of Funds
II From Revenues Invested in Fixed Assets $ 90,681.50
From Contributions 72,040.77
From Federal Funds 93,564.80
From State Funds 50,000.00
IIFrom Moody Foundation 37,500.00
Total $343,787.07
30
1
IICITY OF FRIENDSWOOD, TEXAS
STATEMENT OF BONDS PAYABLE
IISEPTEMBER 30, 1970
IIAmount Maturity
of Interest Bonds
Name of Issue Issue Date Rate Amount Outstanding
WATER AND SEWER SYSTEM
11 Galveston 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
II 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
or in part in inverse numerical 3-1-78 5.00 2,000
II 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
& Improvement District # 15
II Unlimited Tax Bonds dated October
1, 1962
Bonds assumed under City Ordinance
1 # 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
1981 or on any interest payment 3-1-97 4.50 30,000
IIdate thereafter at par and accrued 3-1-98 4.50 35,000
interest. 3-1-99 4.50 25,000
IIGalveston County Water Control
& Improvement District # 15
II Unlimited Tax Bonds dated
October 1, 1963
Bonds assumed under City Ordinance
# 51A as of 12-1-64 $175,000 155,000.00
II
Bonds Maturing March 1, 1982 and 3-1-71 3.50% 5,000
thereafter, are redeemable in 3-.1-72 3.50 5,000
II whole or in part, in inverse 3-1-73 3.50 5,000
numerical order, on March 1, 1981 3-1-74 3.50 5,000
or any inte4.est payment date 3-1-75 3.50 5,000
II thereafter at par and accrued 3-1-76 3.50 6,000
interest. 3-1-77 3.50 6,000
3-1-78 3.50 6,000
3-1-79 4.25 6,000
II31 3-1-80 4.25 6,000
II
II
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
1 3-1-84 4.25 7,000
3-1-85 4.25 7,000
3-1-86 4.25 8,000
3-1-87 4.25 8,000
II 3-1-88 4.25 9,000
3-1-89 4.25 10,000
3-1-90 4.25 10,000
II 3-1-91 4.25 10,000
3-1-92 4.25 10,000
IICity of Friendswood, Texas
Sewer Improvement Bonds
dated March 1, 1967 $200,000 $ 200,000.00
3-1-71 5.00% 5,000
II Bonds Maturing March 1, 1983 3-1-72 5.00 5,000
and thereafter, are optional 3-1-73 5.00 5,000
in whole or in part, on March 1, 3-1-74 5.00 5,000
1 1982 or any interest payment date 3-1-75 4.10 10,000
thereafter at par and accrued 3-1-76 4.10 10,000
interest. 3-1-77 4.10 10,000
II 3-1-78 4.10 10,000
3-1-79 4.10 10,000
3-1-80 4.10 10,000
3-1-81 4.20 15,000
II 3-1-82 4.20 15,000
3-1-83 4.20 15,000
3-1-84 4.20 15,000
II 3-1-85 4.20 15,000
3-1-86 4.20 15 ,000
3-1-87 4.20 15,000
3-1-88 4.20 15,000
II
City of Friendswood, Texas
General Obligation Refunding BondsII K?
dated March 1, 1969 $257,000 2%a;000.O0
3-1-71 5.00% 5,000 L.T, , - ,
Bonds Maturing March 1, 1985 3-1-73 5.00 5,000
II and thereafter, are optional 3-1-74 5.00 5 ,000
in whole or in part, on March 1, 3-1-75 5.00 7,000
1984 or any interest payment date 3-1-76 5.00 7,000
thereafter at par and accrued 3-1-78 5.00 5,000
IIinterest . 3-1-79 5.00 5,000
3-1-80 5.00 10,000
3-1-81 5.00 10,000
II 3-1-82 5.00 10,000
3-1-83 5.00 10,000
3-1-84 5.00 10,000
3-1-85 5.00 10,000
II 32
1
1
STATEMENT OF BONDS PAYABLE
II - continued -
1 3-1-86 5.00% $ 15,000
3-1-87 5.00 15,000
3-1-88 5.00 15,000
II 3-1-89 5.00 15,000
3-1-90 5.00 15,000
3-1-91 5.00 15,000
3-1-92 5.00 14,000
II 3-1-93 5.00 20,000
City of Friendswood, Texas
1 Waterworks and Sanitary Sewer System
Revenue Bonds
dated May 1, 1969 $700,000 $ 700,000.00
II
3-1-71 6.50% 5,000
Bonds Maturing March 1, 1988 3-1-72 6.50 10,000
and thereafter, are redeemable 3-1-73 6.50 10,000
in whole or in part, in inverse 3-1-74 6.50 10,000
II numerical order, on March 1, 1987 3-1-75 6.50 10,000
or any interest payment date 3-1-76 6.50 15,000
thereafter at par and accrued 3-1-77 6.50 15,000
1 interest. 3-1-78 6.50 15,000
3-1-79 6.50 15,000
3-1-80 6.50 15,000
3-1-81 6.50 15,000
II 3-1-82 6.50 20,000
3-1-83 6.50 20,000
3-1-84 6.50 20,000
1 3-1-85 6.50 20,000
3-1-86 6.50 20,000
3-1-87 6.50 25,000
1 3-1-88 6.50 25,000
3-1-89 6.50 25,000
3-1-90 6.50 30,000
3-1-91 6.125 30,000
II 3-1-92 6.125 35,000
3-1-93 6.125 35,000
3-1-94 6.125 35,000
1 3-1-95 6.125 40,000
3-1-96 6.125 40,000
3-1-97 6.125 45,000
II 3-1-98 6.125 50,000
3-1-99 6.125 50,000
IIBonds Payable - City Water and Sewer System $1,457,000.00
II
II 33
II
II
STATEMENT OF BONDS PAYABLE
11 - continued -
IIANNEXED WATER DISTRICT SYSTEM
11 Galveston County Water Control
& Improvement District #21
Waterworks and Sewer System
Combination Tax and Revenue Bonds
11 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
II
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
whole or in part, in inverse 8-1-75 5.00 10,000
II numerical order on August 1, 1979, 8-1-76 5.00 10,000
or on 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
1 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
II
2-1-85 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
1 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
1 8-1-99 5.00 35,000
Bonds Payable - Annexed Water District System $ 600,000.00
II
II
Total Bonds Payable $2,057,000.00
II 34
11
ll
CITY OF FRIENDSWOOD, TEXAS
11 SCHEDULE OF INSURANCE IN FORCE
OCTOBER 1, 1970
II
11 Aetna Insurance Company
Policy Number 61S6804 BC
Term January 5, 1970 to January 5, 1971
11 Kind Supervisors Bond - Drainage District
Premium $18.00
Person Covered James Butler Shore
Amount of Coverage $5,000
11 Policy Numbers 61S14212 BC; 61S14215 BC; 61S14217 BC
Term January 25, 1970 to January 25, 1971
11 Kind Supervisors Bonds - Drainage District
Premium $54.00
Persons Covered Paul Kramer; Donald Hackbart ; James 0. Nye
Amount of Coverage $5,000 each
ll
Policy Number 61S16462
Term January 26, 1970 to January 26, 1971
11 Kind Supervisors Bond - Drainage District
Premium $18.00
Person Covered Marvin T. Bacon
IIAmount of Coverage $5,000
Policy Number 61S5979 BC
11 Term April 25, 1970 to April 25, 1971
Kind Tax Assessor - Collector's Bond
Premium $50.00
Person Covered Laurence Byron Cline
llAmount of Coverage $10,000
Policy Number 1245469
II Term March 12, 1970 to December 31, 1970
Kind Plumbing Inspector Bond
Premium $5.00
Person Covered Kenneth R. Toon (Principal)
IIAmount of Coverage $1,000
II American and Foreign Insurance
Company (Royal Globe)
Policy Number ALU 14 06 94
11 Term October 1, 1970 to October 1, 1971
Kind Comprehensive General Liability Insurance
Premium $1,377.00 (Estimated)
Coverage Bodily Injury Liability
II $100,000 each person
300,000 each occurrence
300,000 aggregate
II 35
11
SCHEDULE OF INSURANCE IN FORCE
11 - continued -
11 Property Damage Liability
$ 5,000 each occurrence
11 25,000 aggregate
11 American and Foreign Insurance
Company
Policy Number ACS 11 38 21
Term October 1, 1970 to October 1, 1971
Kind Workmen's Compensation and Employer's Liability
Premium $1,976.00 (Estimated)
Persons Covered Waterworks Operation; Sewage Disposal Plant Opera-
tions ; Street and Road Construction; Municipal,
County or State Employees ; Clerical Office Employees ;
Policemen; Mayor and City Councilmen rated as
11 Municipal Employees.
Amount of Coverage Bodily Injury
$100,000 each employee
100,000 each accident
11
Royal Indemnity Company
Policy Number 47-55-71
Term October 1, 1970 to October 1, 1971
Kind Honesty Blanket Bond Coverage
Premium $81.00
Persons Covered City Employees
Amount of Coverage $10,000
Royal Indemnity Company
Policy Number RLU 14 06 92
11 Term October 1, 1970 to October 1, 1971
Kind Comprehensive Automobile Liability Insurance
Premium $1,519.00
Amount of Coverage Bodily Injury Liability
1968 Ford A Ton Pickup Truck
1968 Ford A Ton Pickup Truck
1966 Ford 1 Ton Stake Truck
1967 Ford l Ton Dump Truck
1965 Ford Sedan
1953 Studebaker 22 Ton Truck
$100,000 each person
300,000 each occurrence
1968 Plymouth Police Car
1970 Plymouth Police Car
$ 10,000 each person
20,000 each occurrence
Property Damage Liability
1968 Ford z Ton Pickup Truck
1968 Ford A Ton Pickup Truck
36
SCHEDULE OF INSURANCE IN FORCE
- continued -
11
1966 Ford 1 Ton Stake Truck
1967 Ford 12 Ton Dump Truck
11 1965 Ford Sedan
1953 Studebaker 2i Ton Truck
$ 10,000 each occurrence
11 1968 Plymouth Police Car
1970 Plymouth Police Car
$ 5,000 each occurrence
Uninsured Motorists
11 $ 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, 1970 to October 1, 1971
Kind Contractors Equipment Coverage - All Risk Form
Premium $416.00
Coverage 1) Grada ll Model 2460 ($16,000)
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,
11 Chlorination Building, Outside
Electrical Panel and Outside Site
Improvements
2) $5,000 (80% co-insurance)
Contents, City Hall and Fire Department
3) $500 (80% co-insurance)
Contents Chlorination Building
37
I
11
SCHEDULE OF INSURANCE IN FORCE
- continued -
11
American and Foreign Insurance
Company (Royal Globe)
11 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)
11 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)
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
11
1
I
1
I
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38