HomeMy WebLinkAbout1978 09 30 Audited Financial Report - City of Friendswood (2) 11
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11 AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
11 CITY OF FRIENDSWOOD
FRIENDSWOOD, TEXAS
11 September 30, 1978 •
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1! LAIRSON, YOUNG cY F/7�H
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CONTENTS
11 Page
11 Audited Financial Statements 1
Accountants' Report 4
11 Combined Balance Sheet - All Fund Types and Account Groups 5
Combined Statement of Revenues, Expenditures and Changes in
Fund Balances - All Governmental Fund Types1! 9
Statement of Changes in General Fixed Assets 11
!! Statement of Changes in General Long-term Debt 12
Statement of Revenues and Expenses - Water and Sewer Fund
11 (Proprietary Fund) 14
Statement of Changes in Contributions and Retained Earnings -
I Water and Sewer Fund (Proprietary Fund) 15
Statement of Changes in Financial Position - Water and Sewer
Fund (Proprietary Fund) 16
!I Notes to Financial Statements 17
!I Other Financial Information 20
Organization Data 21
!I General Fund 22
Statement of Revenue - Budgeted and Actual 23
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Statement of Expenditures - Budgeted and Actual 24
!! Statement of Expenditures - Budgeted and Actual - By
Object 25
!I Water and Sewer Fund (Proprietary Fund) 29
Statement of Revenue and Expenditures - Budgeted and Actual 30
11 Long-Term Debt 31
Combined Schedule of Long-Term Debt 32
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llLAIRSON, YOUNG e FITCH
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1! CONTENTS - 2
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Long-Term Debt Summary - By Maturity Date 35
11 Long-Term Debt - General Obligation Bonds and
Certificates of Obligation - By Maturity Date 36
11 Long-Term Debt - Revenue Bonds - By Maturity Date 37
Tax Levies and Collections 38
Schedule of Tax Levies and Collections 39
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Audited Financial Statements - Revenue Sharing Fund 41
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Accountants' Report 43
Statement of Changes in Available Funds 44
Statement of Obligations Incurred 45
!I Summary of Data Submitted to Bureau of the Census 46
Accountants' Report on Compliance 47
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11 LAIRSON YOUR c F/7GH
LAIRSON, YOUNG FITCH
GEBTIFIED PUBLIC ACCOUNTANTS
MEMBERS 1425 CAPITAL NATIONAL BANK BLDG.
AMERICAN INSTITUTE OF HOUSTON,TEXAS 77002
CERTIFIED PUBLIC ACCOUNTANTS 713-656-1745
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Honorable Mayor and City Councilmen
11 City of Friendswood, Texas
11 We have examined the financial statements of the various funds and account
groups of the City of Friendswood, Texas for the year ended September 30, 1978,
listed in the foregoing table of contents. Our examination was made in .
11 accordance with generally accepted auditing standards, and accordingly in-
cluded such tests of the accounting records and such other auditing procedures
as we considered necessary in the circumstances.
11 In our opinion, the financial statements referred to above present fairly
the financial position of the various funds and account groups of the City
11 of Friendswood, Texas at September 30, 1978, and the results of operations
of such funds and the changes in financial position of the Water and
Sewer Fund for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of the
11 preceding year.
The accompanying other financial information and the column on the accom-
11 panying combined balance sheet captioned "Total (Memorandum Only)"
are not necessary for a fair presentation of the financial statements, but
are presented as additional analytical data. This information has been
11 subjected to the tests and other auditing procedures applied in the
examination of the financial statements mentioned above and, in our opinion,
is fairly stated in all material respects in relation to the financial
statements taken as a whole.
11
Houston, Texas
December 12, 1978
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS
CITY OF FRIENDSWOOD, TEXAS Pr
September 30, 1978
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GOVERNMENTAL FUND TYPES
Debt Capital Sales
ASSETS General Service Projects Tax
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CASH - unrestricted (including `y
certificates of deposit and
time deposits of $456,213) $426,884 $146,773 $ 4,475 $10,000 P
CASH - restricted (including)
certificates of deposit of 10
$7,256,208) 1,047,578
DELINQUENT TAXES RECEIVABLE 43,253 18,281
ACCOUNTS RECEIVABLE - less k
allowance for doubtful
accounts of $1,000 22,212 470 10,969 11,957 PP
DUE FROM OTHER FUNDS 21,935 3,835
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PREPAID EXPENSES 10,354
LAND
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PLANT AND EQUIPMENT - cost
Less allowance for depreciation
CONSTRUCTION IN PROGRESS
AMOUNT AVAILABLE FOR DEBT SERVICE
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AMOUNT TO BE PROVIDED FOR
DEBT SERVICE
$524,638 $169,359 $1,063,022 $21,957 !!
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The notes to the financial statements are an integral part of this statement.
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LAIRSON YOUNG 6 FITCH
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11 0w3 PROPRIETARY ACCOUNT GROUPS TOTAL
FUND TYPE General General (Memorandum Only)
Special Water and Fixed Long - September September
Revenue Sewer Assets Term Debt 30, 1978 30, 1977
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!I $ 94,510 $ 18,834 $ 701,476 $ 555,552
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210,131 1,257,709 155,368
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61,534 52,131
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!I 17, 192 217,091 279,891 120,270
232,936 258,706 30,311
!I 10,354 3,319
91,261 $ 185,623 276,884 248,307
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4,892,056 2,471,670 7,363,726 7,022,924
(773,481) - (773,481) (695,336)
!! 4,118,575 2,471,670 6,590,245 6,327,588
1,183,562 418,332 1,601,894 863,307
151,078 151,078 107,035
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2,756,922 2,756,922 1,506,965
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$111,702 $6,072,390 $3,075,625 $2,908,000 $13,946,693 $9,970,153
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2
CITY OF FRIENDSWOOD, TEXAS
September 30, 1978 0•;
GOVERNMENTAL FUND TYPES
Debt Capital Sales
General Service Projects Tax
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE $ 78,826 $ 29,839
DUE TO OTHER FUNDS 29,575
CURRENT PORTION OF TAX AND
REVENUE BONDS
PARK ESCROW 10,000 rP
CUSTOMER METER DEPOSITS
BONDS AND CERTIFICATES OF
OBLIGATION - less current
portion
CONTRIBUTIONS
FUND BALANCES
Appropriated
Reserve for delinquent u>
taxes 43,253 $18,281
Reserve for authorized
construction 1,003,608
Reserve for Revenue bonds
retirement
Unappropriated 392,559 151,078 $21,957
RETAINED EARNINGS
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$524,638 $169,359 $1,063,022 $21,957
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The notes to the financial statements are an integral part of this statement. 111
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— PROPRIETARY AOUNT GROUPS TOTAL
FUND TYPE Gene
ACCOUNT
General (Memorandum Only)
Special Water and Fixed Long - September September
!I Revenue Sewer Assets Term Debt 30, 1978 30, 1977
411 $ 4,320 $ 113,152 226,137 $ 164,294
16,249 212,883 258,707 30,310
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60,000 60,000 60,000
141 10,000 10,000
32,250 32,250 23,865
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11 2,775,000 $2,908,000 5,683,000 4,471,000
1,427,099 1,427,099 1,058,713
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61,534 52,131
!I 1,145,121 95,611
141,513
II57,194 57,194 62,916
91,133 $3,075,625 3,732,352 2,960,490
!I 1,253,299 1,253,299 980,823
$111,702 $1,253,299 $3 ,075,625 $2,908,000 $13;946,693 $9,970,153
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ILAIRSON, YUUNG cg F/7CH
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COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES
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CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1978 J
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GOVERNMENTAL FUND TYPES
Debt Capital Sales P
General Service Projects Tax
SOURCES OF FINANCIAL RESOURCES P
Taxes - ad valorem, bever-
ages and sales $ 729,522 $300,532 $154,946
Federal revenue sharing and OP
grants 60,901
Franchises, license and per-
mits 134,598
Proceeds of industrial ri
district taxes 270,982
"Interest on investments 28,843 65,979 $ 36,286 5,020
F.
\ Sanitation income 193,249
Proceeds of street im-
provement bond issue 1,350,000
\Proceeds of certificate of
obligation
Fines and forfeitures 25,542
A Transfers from other funds 234,800 160,952
Other income 13,822
1,692,259 527,463 1,386,286 159,966
EXPENDITURESti
Operating expenditures 1,148,014 469
Capital outlay 189,174 418,332
Debt service 482,977 !!
Transfers to other funds 230,380 206,357
1,567,568 483,446 418,332 206,357
EXCESS (DEFICIT) O ' REVENUE !!
OVER EXPENDITURES 124,691 44,017 967,954 (46,391)
FUND BALANCE at Oct. 1, 1977 267,868 107,061 35,654 68,3481!
FUND BALANCE at Sept. 30,
1978 $ 392,559 $151,078 $1,003,608 $ 21,957
The notes to the financial statements are an integral part of this statement.
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TOTAL
(Memorandum Only)
Special September September
Revenue 30, 1978 30, 1977
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$1,185,000 $1,089,056
!I $67,281 128,182 58,654
!I 134,598 90,667
270,982 280,053
3,999 140,127 29,381
193,249 156,311
1,350,000 -
- 55,000
25,542 19,103
395,752 96,094
13,822 5,454
71,280 3,837,254 1,879,773
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1, 148,483 909,894
29,425 636,931 291,397
11 482,977 404,780
436,737 -
29,425 2,705,128 1,606,071
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41,855 1,132,126 273,702
11 49,278 528,209 254,507
1! $91,133 $1,660,335 $ 528,209
11 LAIRSON YOUNG FITOH
!I STATEMENT OF CHANGES IN GENERAL FIXED ASSETS
CITY OF FRIENDSWOOD, TEXAS
11 Year ended September 30, 1978
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Balance Balance
October 1, September
1977 Additions Retirements 30, 1978
Investment in General Fixed Assets
General government $ 332,487 $ 19,891 $ - • $ 352,378
!I Public safety 190,156 56,002 - 246,158
Sanitation 109,070 27,335 - 136,405
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Streets and drainage 1,300,475 39,938 8,206 1,332,207
Parks and recreation 344,318 37,643 - 381,961
Community services 191,429 16,755 - 208,184
71 " Construction in progress - 418,332 - 418,332
$2,467,935 $615,896 $8,206 $3,075,625
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11 LA/RSON, YOUNG 6 F/7GH
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STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT
CITY OF FRIENDSWOOD, TEXAS
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Year ended September 30, 1978
General General Certificates
Balance Obligation Obligation of
October 1, Bonds Bonds Obligation
1977 Issued Retired Retired
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Amount available in debt service
fund $ 107,061 $ -0- $ -0- '$ -0-
Amount to be provided for retire-
ment of long-term debt 1,506,939 1,350,000 36,000 20,000
Total available and
to be provided $1,614,000 $1,350,000 $36,000 $20,000
General long-term debt
Certificates of obligation $ 77,000 $ -0- $ -0- $20,000
General obligation bonds 1,537,000 1,350,000 36,000 -0-
TOTAL GENERAL LONG-TERM DEBT $1,614,000 $1,350,000 $36,000 $20,000
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The notes to the financial statements are an integral part of this statement. !!
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LAIRSON YOUNG e F/7CH110
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Debt
Service Balance
Funds September 30,
Operations 1978
$44,017 $ 151,078
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(44,017) 2,756,922
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$ -0- $2,908,000
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$ 57,000
2,851,000
71 $2,908,000
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STATEMENT OF REVENUE AND EXPENSES
WATER AND SEWER FUND (PROPRIETARY FUND)
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4 CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1978 and 1977
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1978 1977
Revenues
Water sales and services $584,339 $459,106
!I Interest income 12,314. 12,808
Other income 129 614
TOTAL REVENUES 596,782 472,528
Expenses
Water department
Personal services 64,738 53,814
Supplies 23,919 17,835
Contractual services 52,767 48,425
Bad debts 1,047 1,824
142,471 121,898
Sewer department
Personal services 99,859 74,578
Supplies 23,830 27,600
Contractual services 112,392 74,348
236,081 176,526
1.! Depreciation 78,145 111,213
TOTAL EXPENSES 456,697 409,637
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EXCESS OF REVENUES OVER EXPENSES $140,085 $ 62,891
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The notes to the financial statements are an
integral part of this statement.
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11 LA/RSON, YOUNG 6 FT/G;N
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STATEMENT OF CHANGES IN CONTRIBUTIONS AND 4ETAINED EARNINGS
WATER AND SEWER FUND (PROPRIETARY FUND)
CITY OF FRIENDSWOOD, TEXAS
Years ending September 30, 1978 and 1977
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Contributions Retained Earnings
1978 1977 1978 1977
1111 Balance at beginning of year $1,058,713 $ 721,129 $ 980,823 $ 802,617
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Add
Excess of revenues over
expenses 140,085 62,891
Contributions from other funds 21,032 312,380
Contributions from grants and
reimbursements 347,354 337,584
Other 162,655
1,427,099 1,058,713 1,433,288 1,028,163
Less
Transfers to other funds 179,989 47,340
7! BALANCE AT END OF YEAR $1,427,099 $1,058,713 $1,253,299 $ 980,823
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A The notes to the financial statements are an integral part of this statement.
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LAIRSON, YOUNG c8 FII(,N
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STATEMENT OF CHANGES IN FINANCIAL POSITION
WATER AND SEWER FUND (PROPRIETARY FUND)
II CITY OF FRIENDSWOOD, TEXAS
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Years ended September 30, 1978 and 1977
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1978 1977
!I SOURCES OF FINANCIAL RESOURCES
Operations
Net increase in retained retained earnings
1! during the year $272,476 $178,206
Expenses not requiring current outlay of
financial resources - depreciation 78,145 111,213
!I Financial resources provided from operations 350,621 289,419
Decrease in restricted assets - 93,713
ll Contributions 368,386 337,583
Net increase in reserves 75,836 -
794,843 720,715
USES OF FINANCIAL RESOURCES Acquisition of land 28,577 -
Acquisitions of plant and equipment 151,446 175,995
Retirement of long-term debt 82,000 60,000
!I Net decrease in reserves 48,413
Net increase in restricted assets - cash 54,763 -
Construction costs incurred 345,763 353,900
!! 661,962 638,308
INCREASE IN WORKING CAPITAL $132,881 $ 82,407
11 Increase (decrease) in working capital
Cash $ (8,461) $ 34,369
Accounts receivable 116,640 51,902
11 Prepaid expenses -
(1,092)
Due from other funds 215,438 17,498
11 Accounts payable 15,463 (75,339)
Customer meter deposits (8,385) (1,480)
Park escrow - (10,000)
11 Due to other funds (197,814) 61,549
Current portion of bonds payable - 5,000
INCREASE IN WORKING CAPITAL $132,881 $ 82,407
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11 The notes to the financial statements are an integral part of this statement.
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41 NOTES TO FINANCIAL STATEMENTS
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CITY OF FRIENDSWOOD, TEXAS
4 September 30, 1978
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1. SIGNIFICANT ACCOUNTING POLICIES
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4 DESCRIPTION OF FUNDS
41 General Fund
The General Fund is used to account for all financial transactions which
are not accounted for in another fund. The primary sources of revenue of
the General Fund are property taxes, franchises, sanitation income, and
fines and forfeitures. Primary expenditures are for general government,
ql public safety, public works, sanitation and other community services.
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Debt Service Fund
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j The Debt Service Fund is used to account for the payment of interest and
principal on all bonded debt of the City. The primary source of revenue
41 ' for debt service is general property taxes for general obligation bonds
and water and sewer revenue for revenue bonds.
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RI Capital Projects Fund
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The Capital Projects Fund is used to account for the receipt and expenditure
11 of resources used for acquisition of designated fixed assets except those
financed by the water and sewer fund.
Water and Sewer Fund
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The Water and Sewer Fund, a proprietary fund, is used to account for
operations of the Water and Sewer Department.
Sales Tax Fund
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The Sales Tax Fund is used to account for revenue received from sales and
use taxes. Expenditure of these revenues is restricted to one-half for
71 street programs and one-half for parks and recreation programs.
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1! LAIRSON YOUNG' F/7OH
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1! NOTES TO FINANCIAL STATEMENTS - 2
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Special Revenue Fund
!I The Special Revenue Fund is used to account for revenue received from
the Federal Government under State and Local Fiscal Assistance Act of
1972. Such funds may be used only for "priority expenditures" as de-
fined in the Act.
General Fixed Assets Group of Accounts
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The General Fixed Assets Group of Accounts is used to account for the
City's land, buildings, improvements and equipment except those re-
corded in the Water and Sewer Fund. Such assets are acquired by
transfer from other funds and are recorded at cost. No depreciation
is recorded on these assets.
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General Long-Term Debt Group of Accounts
11 This group of accounts is used to record the City's liability for
general obligation bonds and certificates of obligation due at
varying dates through the year 2000.
BASIS OF ACCOUNTING
11 The accrual basis of accounting is followed (with minor exceptions)
by all funds other than budgetary funds (general, special revenues
and debt service funds) , which utilize the modified accrual basis of
li accounting. Modifications in such method from the accrual basis
follows:
11 General Fund
General property taxes are recorded when received. Property taxes
receivable have been fully reserved at September 30, 1978.
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Sales and use taxes and franchise revenue are recorded when received.
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Debt Service Fund
Interest expense on long-term debt is recorded when paid.
11 Investments
Investments are stated at cost.
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11 LA/RSON, YOUNG 6 F/YC,H
NOTES TO FINANCIAL STATEMENTS - 3
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Allowance for Depreciation
Allowance for depreciation has been provided for plant and equipment
in the Water and Sewer Fund using the straight-line method over the
following estimated useful lives of the assets as follows:
Equipment 10 years
4 Water and sewer systems 50 years
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2. ORGANIZATION
411 The City of Friendswood operates under a "Home Rule Charter" which
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provides for a "Council-Manager" form of city government.
111 3. STREET IMPROVEMENT BONDS ISSUED
On October 1, 1977 the City issued $1,350,000 of the City of Friendswood,
Texas Street Improvement Bonds, Series 1977. The proceeds from the
sale of these bonds are to be used for street improvements.
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4. BONDS AUTHORIZED
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On April 1, 1978 the citizens of the City authorized the issuance of
the City of Friendswood, Texas Sanitary Sewer System Revenue Bonds,
Series 1978 in the amount of $1,500,000. As of September 30, 1978
none of the bonds had been issued.
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5. LITIGATION
410
As of September 30, 1978, the City is either a defendant or co-
defendant in eight lawsuits filed in prior years. It is the opinion
of City management and legal counsel that any ultimate liability to
the City from these lawsuits will not be material.
6. PENSION PLAN
The City participates in the Texas Municipal retirement System, an
agency operated by the State of Texas. All fulltime employees are
1111 covered by the pension plan. The total pension expense for the year
A ended September 30, 1978 was $14,096, which includes amortization of
prior service cost over 25 years. The City's policy is to fund
pension cost accrued. The total of pension fund and balance sheet
accruals less pension prepayments and deferred charges at December
31, 1977 exceeded the actuarily computed value of vested benefits
4/1 by approximately $6,525. The unfunded prior service liability
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was $80,895 at December 31, 1977.
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OTHER FINANCIAL INFORMATION
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LAIRSON YOUNG sf6CH
I ORGANIZATION DATA
CITY OF FRIENDSWOOD, TEXAS
441
September 30, 1978
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Date of Charter October 16, 1971
Type of Government Council-Manager
Mayor Ralph L. Lowe
Mayor Pro-tem Thomas F. Lay
41 Councilmen R. J. Blanken
Dale Whittenburg
Paul E. Maaz
1 Loren E. Wood
Edward 0. Zeitler
41 City Manager James C. Morgan
City Secretary Bobbie C. Henry
• Tax Assessor and Collector Alta Carbone
City Water and Sewer Superintendent Cecil Chance
ql Director of Public Works Melvin Meinecke
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LAIRSON, YOUNG FITCH
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GENERAL FUND
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41 STATEMENT OF REVENUES - BUDGETED AND ACTUAL
4
GENERAL FUND
CITY OF FRIENDSWOOD, TEXAS
41 Years ended September 30, 1978 and 1977
1111
1978
Actual
11 Over
(Under) 1977
Budget Actual Budget Actual
41
Operating revenue
Taxes
General property taxes $ 780,576 $ 720,035 $(60,541) $ 624,442
Penalties and interest -0- 6,040`� 6,040 9,155
Industrial district taxes 280,000 270,982 (9,018) 280,053
Mixed beverage taxes -0- 3,4471 3,447 3,116
41 1,060,576 1,000,504 (60,072) 916,766
4
Franchises, licenses and permits
il . Franchises 55,000 77,047 22,047 63,229
Licenses and permits 29,950 57,5511 27,601 27,438
84,950 134,598 49,648 90,667
41 Other Income
Sanitation income 165,000 193,2491 28,249 156,311
Fines and forfeitures 16,000 25,5421 9,542 . 19,103
411 Miscellaneous -0- 6,932 6,932 2,515
181,000 225,723 44,723 177,929
1111 TOTAL OPERATING REVENUE 1,326,526 1,360,825 34,299 1,185,362
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Non-operating revenue
Federal and state grants 28,000 60,901 32,901 15,450
441 Interest on investments 46,500 28,843 (17,657) 16,315
4 Donations -0- 6,890 6,890 2,939
74,500 96,634 22,134 34,704
111/ 1,401,026 1,457,459 56,433 1,220,066
Contributions from other funds 120,000 234,800 114,800 149,529
Il TOTAL REVENUES $1,521,026 $1,692,259 $171,233 $1,369,595
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STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL
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GENERAL FUND
1111
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1978 and 1977
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1978
il Actual
(Over)
Under 1977
Budget Actual Budget Actual
4 General Government
Administration $ 199,271 $ 180,590 $ 18,681 $ 186,724
1111 Engineering 58,962 36,854 22,108 29,329
4 Municipal Court 17,360 19,111 (1,751) 15,421
• Planning and zoning 6,000 2,092 3,908 3,377
!I Building 23,342 25,573 (2,231) -0-
Total general government 304,935 264,220 40,715 234,851
Public Safety
Police 348,243 355,314 (7,071) 241,878
Fire and rescue 74,915 82,699 (7,784) 54,683
Total public safety 423,158 438,013 (14,855) 296,561
Public welfare
Streets 260,383 216,582 43,801 178,401
Drainage 22,250 7,531 14,719 6,086
Sanitation 188,486 223,878 (35,392) 200,724
Health and welfare 7,723 6,748 975 6,905
Total public welfare 478,842 454,739 24,103 392,116
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4 Community services
Library 68,126 66,351 1,775 54,033
RI Parks and recreation 60,000 62,816 (2,816) 129,314
4 Community appearance 1,000 245 755 -0-
Community counselling 31,809 32,706 (897) 24,606
111 Humane 20,572 18,098 2,474 -0-
Civil defense 500 -0- 500 297
Total community services 182,007 180,216 1,791 208,250
1,388,942 1,337,188 51,754 1,131,778
Contributions to other funds - 230,380 (230,380) 10,200
141
TOTAL EXPENDITURES $1,388,942 $1,567,568 $(178,626) $1,141,978 A
111 Operating expenses $1,171,736 $1, 148,014 $ 23,722 $ 909,414
Capital outlay 217,206 189, 174 28,032 222,364
Interfund transfer - 230,380 (230,380) 10,200
117 TOTAL EXPENDITURES $1,388,942 $1,567,568 $(178,626) $1,141,978
LA/RSOA' YOUNG F/'/CH
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STATEMENT OF EXPENDUTIRES - BUDGETED AND ACTUAL - BY OBJECT
!! GENERAL FUND
CITY OF FRIENDSWOOD, TEXAS
!I Years ended September 30, 1978 and 1977
!!
1978
1! Actual
(Over)
Under 1977
Budget Actual Budget ' Actual
1,
General Government
Administration
Personal services $ 84,903 $ 68,324 $ 16,579 $ 66,008
Supplies 8,350 11,137 (2,787) 9,284
11 Contractual services 95,800 87,142 8,658 93,850
Travel and training 3,700 3,794 (94) 4,188
Memberships and subscriptions 1,500 1,234 266 2,092
Capital outlay 5,018 8,959 (3,941) 11,302
199,271 180,590 18,681 186,724
Engineering
11 Personal services 35,525 19,868 15,657 25,575
Supplies 1,100 1,164 (64) 877
Contractual services 20,100 15,822 4,278 1,614
Capital outlay 2,237 -0- 2,237 1,263
11 58,962 36,854 22,108 29,329
Municipal Court
1! Personal services 15,781 16,621 (840) 11,797
Supplies 615 860 (245) 524
Contractual service 614 1,158 (544) 2,463
11 Travel and training 200 64 136 464
Memberships and subscription 150 60 90 47
Capital outlay -0- 348 (348) 126
17,360 19,111 (1,751) 15,421
Planning and Zoning
Personal services -0- 1,476
11 Supplies 200 430 (230) 1,620
Contractual services 5,200 1,662 3,538 202
Travel and training 400 -0- 400 -
Memberships and subscriptions 100 -0- 100 79
11 Capital outlay 100 -0- 100 -
6,000 2,092 3,908 3,377
11
11 -25-
LAIRSON, YOUNG 6 FI7CII
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 2
I
I
!I
ll 1978
Actual
(Over)
Under 1977
liBudget Actual Budget Actual
Building
!I Personal services 15,852 15,654 198
Supplies 1,610 1,668 (58)
Contractual services 525 1,061 (536) -
Travel and training 200 787 (587) -
11 Memberships and subscriptions 155 101 54 -
Capital outlay 5,000 6,302 _ (1,302) -
23,342 25,573 (2,231) -
TOTAL GENERAL GOVERNMENT 304,935 264,220 40,715 234,851
11 Public Safety
Police Service
Personal services 283,408 270,612 12,796 188,247
11 Supplies 21,785 25,698 (3,913) 18,861
Contractual services 16,850 29,173 (12,323) 23,074
Travel and training 1,000 553 447 899
Memberships and subscriptions 100 634 (534) 371
!! Capital outlay 25,100 28,644 (3,544) 10,426
348,243 355,314 (7,071) 241,878
!! Fire and Rescue Services
Personal services 16,400 9,548 6,852 4,077
Supplies 10,232 13,064 (2,832) 12,192
Contractual services 23,956 27,273 (3,317) 15,705
11 Travel and training 3,900 4,223 (323) 3,533
Memberships and subscriptions 500 1,233 (733) 850
Capital outlay 19,927 27,358 (7,431) 18,326
11 74,915 82,699 (7,784) 54,683
TOTAL PUBLIC SAFETY 423,158 438,013 (14,855) 296,561
11 Public Welfare
Streets
Personal services 114,833 92,869 21,964 62,969
11 Supplies 54,850 44,168 10,682 44,867
Contractual services 33,350 55,418 (22,068) 41,939
Travel and training - - - 990
11 Capital outlay 57,350 24,127 33,223 27,636
260,383 216,582 43,801 178,401
-26-
11 LA/RSON, YOUNG(9 F/'/U/
41
ill
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 3
111
1978
Actual
(Over)
!I Under 1977
Budget Actual Budget Actual
Drainage
!! Supplies 1,250 5 1,245 192
Contractual services 11,000 104 10,896 5,894
Capital outlay 10,000 7,422 2,578 -
22,250 7,531 14,719 6,086
Sanitation
!I
Personal services 114,941 115,674 (733) 96,313
Supplies 11,500 15,067 (3,567) 20,950
Contractual services 32,245 65,802 (33,557) 57,009
Capital outlay 29,800 27,335 2,465 26,452
!I 188,486 223,878 (35,392) 200,724
Health and Welfare 7,723 6,748 975 6,905
TOTAL PUBLIC WELFARE 478,842 454,739 24,103 392,116
!! Community Services
Library
Personal services 40,826 38,484 2,342 27,939
Supplies 1,550 1,407 143 1,510
Contractual services 9,825 4,753 5,072 7,338
Travel and training 1,200 1,268 (68) 3,055
Memberships and subscriptions - 3,684 (3,684) 827
Capital outlay 14,725 16,755 (2 030 13,364
68,126 66,351 1,775 54,033
Parks and Recreation
Personal services 8,300 7,811 489 7,298
11 Supplies 3,000 6,766 (3,766) 2,036
Contractual services 6,500 16,768 (10,268) 2,876
Contingency 2,000 - 2,000 3,635
1! Capital outlay 40,200 31,471 8,729 113,469
60,000 62,816 (2,816) 129,314
1! Community appearance Supplies - 245 (245) -
Capital outlay 1,000 - 1,000 -
1,000 245 755 -
11
11
-27-
11 LAIRSON YOUNG 6 F/U/I
7! ,
ill
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 4
1
4
1978
Actual
(Over)
4111 Under 1977
Budget Actual Budget Actual
Community Counselling
1111 Personal services 22,385 19,951 2,434 17,730
4 Supplies 1,340 1,516 (176) 529
Contractual services 4,352 4,738 (386) 2,655
Travel and training 1,853 920 933 3,507
Memberships and subscriptions 230 197 33 185
Capital outlay 1,649 5,384 (3,735)
31,809 32,706 (897) 24,606
Humane
Personal Services 12,497 11,138 1,359 -
Supplies 1,400 1,178 222 -
Contractual services 1,475 713 762 -
Travel and training 100 - 100 -
Capital outlay 5, 100 5,069 31 _ -
' 20,572 18,098 2,474 -
Civil Defense 500 - 500 297
ill
TOTAL COMMUNITY SERVICES 182,007 180,216 1,791 208,250
4
Contributions to other funds - 230,380 (230,380) . 10,200
4
TOTAL EXPENDITURES $1,388,942 $1,567,568 $(178,626) $1,141,978
4
4
I
1
ill
IIII
I
4
-28-
LA/RSON, YOUNG c6 FT/CH
I
I
I
I
I
WATER AND SEWER FUND
(PROPRIETARY FUND)
I
P,
-29-
LA/RSON, YOUNG 6 FT/CH
I •
4
III STATEMENT OF REVENUE AND EXPENDITURES - BUDGETED AND ACTUAL
WATER AND SEWER FUND (PROPRIETARY FUND)
1111
CITY OF FRIENDSWOOD, TEXAS
1111 Years ended September 30, 1978 and 1977
1 1978
Actual
'I Over
(Under) 1977
Budget Actual Budget Actual
!I Operating Revenue
Water and sewer change $ 367,000 $ 437,186 $ 70,186 $ 326,603
Taps and connections 50,000 86,595 36,595 75,186
Fees and penalties 5,700 10,837 5,137 9,195
WCID #108 sewer fee 48,300 49,721 1,421 48,122
Other - 129 129 614
!I TOTAL OPERATING REVENUE 471,000 584,468 113,468 459,720
Operating expenses
Water Department
Personal services 70,795 64,738 (6,057) 53,814
Supplies 24,850 23,919 (931) 17,835
!I Contractual services 32,875 52,767 19,892 48,425
Bad debts 1,047 1,047 1,824
Capital outlay 129,040 138,591 9,551 9,750
!! 257,560 281,062 23,502 131,648
Sewer department
Personal services 105,183 99,859 (5,324) 74,578
11 Supplies 23,305 23,830 525 27,600
Contractual services 44,650 112,392 67,742 74,348
Capital outlay 364,360 349,012 (15,348) 520,145
11 537,498 585,093 47,595 696,671
TOTAL OPERATING EXPENDITURES 795,058 866,155 71,097 828,319
11 OPERATING EXPENDITURES OVER
REVENUES (324,058) (281,687) 42,371 (368,599)
11 Non-operating revenue
Interest income 1,400 12,314 10,914 12,808
11 EXCESS OF EXPENDITURES OVER
REVENUE $(322 ,658) $(269,373) $ 53,285 $(355,791)
11
-30-
11 LAIRSON YOUNG'6 HIGH
111
LONG-TERM DEBT
411
•
-31-
LARSON, YOUNG e MCl/
4
4
COMBINED SCHEDULE OF LONG-TERM DEBT
CITY OF FRIENDSWOOD, TEXAS
September 30, 1978
1
III Date of Outstanding at
Interest Date Amount Final September 30,
Description Rate of Issue of Issue Maturity 1978
General Obligation Bonds
11
Waterworks and Sewer
III System Unlimited Tax
to Bonds, Series 1962
(Galveston County Water
Control and Improvement
District No. 15) 4.50% 10-1-62 $150,000 3-1-99 $ 150,000
Waterworks and Sewer
7! System Unlimited Tax
Bonds, Series 1963
(Galveston County Water
Control and Improvement
District No. 15) 4.25 10-1-63 112,000 3-1-92 112,000
ql Sewer Improvement Bonds,
Series 1967 4. 10 3-1-67 60,000 3-1-80 20,000
4.20 3-1-67 120,000 3-1-88 120,000
General Obligation
A Refunding Bonds,
Series 1969 5.00 3-1-69 257,000 3-1-93 189,000
Il General Obligation
4
Bonds, Series 1973 5.50 7-1-73 120,000 4-1-88 120,000
ilDrainage Improvement
Bonds, Series 1973 6.00 11-1-73 25,000 6-1-90 25,000
6. 10 11-1-73 75,000 6-1-95 75,000
General Obligation •
Bonds, Series 1974 7.90 9-1-74 345,000 3-1-94 335,000
11 7.75 9-1-74 355,000 3-1-99 355,000
Street Improvement
Bonds, Series 1977 5.50 10-1-77 475,000 6-1-92 475,000
RN
5.75 10-1-77 320,000 6-1-96 320,000
6.00 10-1-77 555,000 6-1-2000 555,000
I TOTAL GENERAL OBLIGATION BONDS $2,851,000
4
It
LAIRSON, YOUNG e ElfGM
11
COMBINED SCHEDULE OF LONG-TERM DEBT - 2
4
Date of Outstanding at
Interest Date Amount Final September 30,
4Description Rate of Issue of Issue Maturity 1978
Waterworks and Sewer
System Combination
Tax and Revenue Bonds,
Series 1964 (Galveston
NO
County Water Control
4 and Improvement
District No. 21) 5.00 11-1-64 600,000 8-1-99 520,000
411
Waterworks and Sanitary
Sewer System Revenue
Bonds, Series 1969 6.50 5-1-69 340,000 3-1-90 250,000
6.125 5-1-69 360,000 3-1-99 360,000
Waterworks and Sewer
111 System Combination
a Tax and Revenue Bonds,
Series 1970 (Sunmeadow
41 ' M.U.D.) 8.50 -70 600,000 4-1-89 505,000
Waterworks and Sewer
41 System Combination Tax
and Revenue Bonds,
Series 1970-A (Sun-
meadow M.U.D.) 8.50 -70 540,000 4-1-2000 540,000
40
Waterworks and Sewer
System Combination
Tax and Revenue Refund-
ing Bonds, Series 1972
(Sunmeadow M.U.D.) 5.75 -72 410,000 4-1-98 410,000
141 5.00 -72 250,000 4-1-2000 250,000
4 TOTAL REVENUE BONDS $2,835,000
41
41
-33-
LA/RSON, YOUNG 6 F/YGH
1.1
!! COMBINED SCHEDULE OF LONG-TERM DEBT - 3
Date of Outstanding at
Interest Date Amount Final September 30,
!I Description Rate of Issue of Issue Maturity 1977
Equipment purchase
11 Certificates of
Obligation,
Series 1975 5.75 7-1-75 52,000 7-1-80 $ 22,000
1111 Series 1976 5.75 7-1-76 55,000 7-1-81 35,000
TOTAL CERTIFICATES OF OBLIGATION 57,000
1! TOTAL LONG-TERM DEBT $5,743,000
11
11
I
11
11
11
11
11
-34-
11 LA/RSON, YOUNG 6FIXII
11
11 LONG-TERM DEBT SUMMARY - BY MATURITY DATE
CITY OF FRIENDSWOOD, TEXAS
41
September 30, 1978
1
!I Certificates of
Year Obligation and
Ending Total General Obligation Bonds Revenue Bonds
liSept. 30 Principal Interest Principal Interest Principal Interest
1979 $ 116,000 $ 362,633 $ 56,000 $ 173,921 $ 60,000 $ 188,712
11 1980 123,000 355,223 63,000 170,785 60,000 184,438
1981 127,000 347,441 62,000 167,279 65,000 180,162
1982 152,000 339,146 72,000 163,846 80,000 175,300
1983 162,000 329,578 82,000 159,978 80,000 169,600
1984 172,000 319,462 87,000 155,562 85,000 163,900
1985 182,000 308,643 92,000 150,868 90,000 157,775
1986 193,000 296,981 98,000 145,756 95,000 151,225
11 1987 208,000 284,582 103,000 140,494 105,000 144,088
1988 219,000 271,476 109,000 134,939 110,000 136,537
1989 235,000 257,153 120,000 128,590 115,000 128,563
1990 250,000 241,420 125,000 121,420 125,000 120,000
1991 265,000 224,659 135,000 113,753 130,000 110,906
1992 289,000 206,913 139,000 105,622 150,000 101,291
1993 305,000 187,332 150,000 96,910 155,000 90,422
1994 325,000 165,858 165,000 86,730 160,000 79,128
1995 355,000 143,184 180,000 75,928 175,000 67,256
1996 375,000 119,469 190,000 64,125 185,000 • 55,344
11 1997 400,000 101,284 200,000 51,981 200,000 49,303
1998 425,000 76,908 205,000 39,201 220,000 37,707
1999 445,000 50,780 215,000 25,649 230,000 25,131
2000 420,000 30,200 260,000 15,600 160,000 14,600
II
$5,743,000 $5,020,325 $2,908,000 $2,488,937 $2,835,000 $2,531,388
11
11
11
11
11
-35-
11 LAIRSON, YOUNG e F/7GH
1
1
I
I
1 LONG-TERM DEBT - GENERAL OBLIGATION BONDS AND CERTIFICATES OF
CITY OF FRIENDSWOOD, TEXAS
1 September 30, 1978
I
Waterworks and Sewer
System Unlimited Tax Boi
Series 1962 (Galvestol
County Water Control a)ligation Certificates of Street Improvement
Year Ending Total Improvement District Noties 1974 Obligation - Series 1975/6 Bonds - Series 1977
I
September 30 Principal Interest_ Principal Inte,Interest Principal Interest Principal Interest
1979 $ 56,000 $ 173,92E $ 6 $ 53,780 $20,0)0 $3,278 $ - $ 77,825
1980 63,000 170,785 6 53,385 22,00)0 2,128 - 77,825
1981 62,000 167,274 6 52,990 15,000 863 - 77,825
II 1982 72,000 163,845 6 52,397 20,000 77,825
1983 82,000 159,973 6 51,607 30,000 76,725
1984 87,000 155,562 6 50,818 35,000 75,075
1985 92,000 150,868 6 50,027 35,000 73,150
II 1986 98,000 145,755 6 49,238 35,000 71,225
1987 103,000 140,49+ 6 48,447 40,000 69,300
1988 109,000 134,939 6 47,658 45,000 67,100
1989 120,000 128,590 6 46,077 55,000 64,625
1990 125,000 121,420 6 43,708 55,000 61,600
I 1991 135,000 113,753 6 41,140 60,000 58,575
1992 139,000 105,622 6 38,375 65,000 55,275
1993 150,000 96,910 6 35,215 70,000 51,700
1994 165,000 86,730 6 30,475 75,000 47,675
1995 180,000 75,928 $ 30,000 6 25,575 85,000 43,363
II 1996 190,000 64,125 30,000 4 20,925 90,000 38,475
1997 200,000 51,981 30,000 3 15,306 95,000 33,340
1998 205,000 39,2C1 35,000 1 9,688 100,000 27,h00
1999 215,000 25,649 25,000 3,487 100,000 21,600
2000 260,000 15,6C0 - 260,000 15,600
I $2,908,000 $2,488,937 $150,000 $124, $820,318 $57,O3O $6,269
__ ________ _____ $1,350,000 $1,263=263
1
I
1
I
I
I
II
II
IILONG-TERM DEBT - REVENUE BONDS - BY MATURI'
CITY OF FRIENDSWOOD, TEXAS
1 September 30, 1978
1
S1d Sewer Waterworks and Sewer
11 Re1on Tax and System Combination Tax
(Galv(2ries 1970-A and Revenue Refunding Bonds -
Year Ending Total and ItL,U,D,) Series 1972 (Sunmeadow M.U.D.)
IISeptember 30 Principal Interest Pi Interest Principle Interest
1979 $ 60,000 $ 188,712 $ $ 45,900 $ 36,075
II 1980 60,000 184,438 45,900 36,075
1981 65,000 180,162 45,900 36,075
1982 80,000 175,300 45,900 36,075
1983 80,000 169,600 45,900 36,075
' 1984 85,000 163,900 45,900 36,075
1985 90,000 157,775 45,900 36,075
1986 95,000 151,225 45,900 36,075
II 1987 105,000 144,088 45,900 36,075
1988 110,000 136,537 45,900 36,075
1989 115,000 128,563 45,900 36,075
1990 125,000 120,000 45,900 36,075
II
1991 130,000 110,906 39,950 36,075
1992 150,000 101,291 33,575 36,075
1993 155,000 90,422 26,350 36,075
II 1994 160,000 79,128 18,700 36,075
1995 175,000 67,256 10,625 $ 35,000 36,075
1996 185,000 55,344 4,675 115,000 34,063
II 1997 200,000 49,303 4,675 125,000 32,125
1998 220,000 37,707 4,675 135,000 24,938
1999 230,000 25,131 4,675 145,000 17,175
2000 160,000 14_,600 _ 4,675 105,000 9,925
II
$2,835,000 $2,531,388 $5. $703,375 $660,000 $731,501
1 =_
1
II
II
II
•
TAX LEVIES AND COLLECTIONS
-38-
LA/RSON, YOUNG c5 FITCH
11110
SCHEDULE OF TAX LEVIES AND COLLECTIONS !!
CITY OF FRIENDSWOOD, TEXAS
Ten years ending September 30, 1979 1!
Collections to !!
September 30, 1977
Year Ended Net Total % of
September 30 Tax Levy Adjustments Tax Levy Collections Tax Levytil
CITY OF FRIENDSWOOD
1970 $138,767 $ 482 $139,249 $139,067 99.87%
1971 155,224 (124) 155,100 154,858 99.84
1972 170,148 853 171,001 170,735 99.84
1973 220,721 5,617 226,338 225,585 99.67
1974 245,485 (802) 224,683 244,223 99.81
1975 524,988 (1,674) 523,314 517,690 98.93
1976 684,200 (1,627) 682,573 669,542 98.09
1977 793,590 (1,303) 792,287 765,826 96.64
1978 836,860 (2,246) 834,614 - -
1979 930,961 - 930,961 N/A N/A
WATER CONTROL AND IMPROVEMENT DISTRICT NO. 21
1970 $ 55,643 $ (411) $ 55,232 $ 55,232 100.00%
1971 60,931 (147) 60,784 60,784 100.00
1972 60,870 - 60,870 60,870 100.00
1973 67,976 (136) 67,840 67,840 100.00
1974 68,142 (142) 68,000 68,000 100.00
1975 85,180 (218) 84,962 84,716 99.71
1976 92,462 (38) 92,424 91,925 99.46
1977 93,029 (296) 92,733 90,824 97.94 Il
1978 97,794 (214) 97,580 - -
1979 114,534 - 114,534 N/A N/A
SUNMEADOW MUNICIPAL UTILITY DISTRICT !!
1971 $ 9,351 $ 182 $ 9,533 $ 9,533 100.00%
1:
1972 19,825 74 19,899 19,899 100.00
1973 41,615 (823) 40,792 40,792 100.00
1974 58,765 - 58,765 58,713 99.91
1975 49,510 - 49,510 49,327 99.63 Ilik
1976 58,545 - 58,545 57,790 98.71
1977 76,263 - 76,263 75,609 99.14
1978 89,740 - 89,740 !!
1979 104,267 - 104,267 N/A N/A
I:
I!
-39-
LAIRSON YOUNG 6 FITCHl!
Total % Balance at September 30, 1978
Current Collections Collected Due to
II Year to Sept. 30 to Sept. 30 Delinquent General Debt Service
Collections 1978 1978 Taxes Fund Fund
II
$ - $139,067 99.87% $ 182 $ 149 $ 33
- 154,858 99.84 242 148 94
170,735 99.84 266 165 101
23 225,608 99.68 730 620 110
89 244,312 99.85 371 332 39
II 1,627 519,317 99.24 3,997 3,117 880
5,722 675,264 98.93 7,309 5,299 2,010
15,745 781,571 98.65 10,716 6,957 3,759
808,076 808,076 96.82 26,538 18,677 7,861
IIN/A N/A N/A NJA N/A N/A
$ 55,232 100.00% $ - $ - $ -
- 60,784 100.00 - - -
- 60,870 100.00 - - -
67,840 100.00 - - -
68,000 100.00 - - -
- 84,716 99.71 246 192 54
I
284 92,209 99.77 215 156 59
1,098 91,922 99. 13 811 527 284
95,968 95,968 98.35 1,612 1,134 478
N/A N/A N/A N/A N/A N/A
11
- $ 9,533 100.00% $ - $ - $ -
- 19,899 100.00 - - -
- 40,792 100.00 - - -
9 58,722
49,327
99.93 43 - 43
99.63 183 143 40
34 57,824 98.77 721 523 198
332 75,941 99.58 322 209 113
11 83,328 83,328 92.85 6,412 4,513 1,899
N/A N/A N/A N/A N/A N/A
I
-40-
11 LA/RSON YOUNG c5 FilCH
AUDITED FINANCIAL STATEMENTS - REVENUE SHARING FUND
-41-
LAIRSON YOUNG c6 FITCH
AUDITED FINANCIAL STATEMENTS - REVENUE SHARING FUND
(Special Revenue Fund)
CITY OF FRIENDSWOOD, TEXAS
FRIENDSWOOD, TEXAS
11 September 30, 1978
11
11
11
11
-42-
11 LAIRSON, YOUNG cY HIGH
MINSON, TOIINC 8 FITCH
CERTIFIED PUBLIC ACCOUNTANTS
MEMBERS 1425 CAPITAL NATIONAL BANK BLDG•
AMERICAN INSTITUTE OF HOUSTON,TEXAS 77002
CERTIFIED PUBLIC ACCOUNTANTS 713-658-1745
Honorable Mayor and
City Councilmen
11 City of Friendswood, Texas
11
We have examined the Revenue Sharing Fund Statements of Changes in Available
Funds and Obligations Incurred of the City of Friendswood, Texas for the year
ended September 30, 1978, and have compared the financial data included on
AO Bureau of Census Form RS-9 with audited records of the City of Friendswood,
Texas for the year ended September 30, 1977. Our examination was made in
accordance with generally accepted auditing standards and the "Audit Guide
11 and Standards for Revenue Sharing Recipients" issued by the Office of Revenue
Ai Sharing, U. S. Department of the Treasury, and accordingly included such
tests of the accounting records and such other auditing procedures as we
11 considered necessary in the circumstances.
In our opinion, the Statements of Changes in Available Funds and Obligations
Incurred present fairly the revenue, expenditures, obligations incurred and
11
status of revenue sharing funds of the City of Friendswood, Texas for the
year ended September 30, 1978, in conformity with generally accepted account-
ing principles applied on a basis consistent with that of the preceding year.
Further, financial data included on Bureau of Census For RS-9 for the year
ended September 30, 1977 is in agreement with audited records of the City of
Friendswood, Texas.
11
Houston, Texas
December 8, 1978
11
91
I
-43-
I! ,
STATEMENT OF CHANGES IN AVAILABLE FUNDS
I!
CITY OF FRIENDSWOOD, TEXAS - REVENUE SHARING FUND
Year ended September 30, 1978
r,
Per
Books Adjustments Adjusted
Available funds, beginning of year
II Unappropriated $ -0- $-0- $ ,: -0-
Unencumbered appropriations 49,278 -0- 49,278
49,278 -0- 49,278
1! *
Add revenue
Entitlement payments 67,281 -0- 67,281
I Interest 3,999 -0- 3,999
120,558 -0- 120,558
11 Less unappropriated, end of year -0- -0- -0-
Available for obligations during
year 120,558 -0- 120,558
11
Less
Expenditures 29,425 -0- 29,425
11 Encumbrances (net) -0- -0- -0-
TOTAL OBLIGATIONS INCURRED 29,425 -0- 29,425
11 Unencumbered balance, end of year 91,133 -0-
Unappropriated, end of year -0- -0- -0-
11 AVAILABLE FUNDS, END OF YEAR $91,133 $_O- $91,133
11
11
I
11
-44-
11 LAIRSON YOUNG 6 HIGH
4
I! STATEMENT OF OBLIGATIONS INCURRED
CITY OF FRIENDSWOOD, TEXAS - REVENUE SHARING FUND
Year ended September 30, 1978
Per
Books Adjustments Adjusted
11 Capital expenditures
Multipurpose and general government
Water system improvements $21,032 $-0- '$21,032
Public transportation 8,393 -0- 8,393
TOTAL EXPENDITURES $29,425 -0- $29,425
TOTAL OBLIGATIONS INCURRED $29,425 $-0- $29,425
11
11
11
1!
-45-
LAIRSON, YOUNG 6 FITCH
I! ,
SUMMARY OF DATA SUBMITTED TO BUREAU OF THE CENSUS
I! CITY OF FRIENDSWOOD, TEXAS - REVENUE SHARING FUND
Year ended September 30, 1978
I!
Reported Audit
to Census Adjustments Adjusted
11
PART I
1. Property taxes $970,012 $-0- $970,012
I! 2. Local sales taxes
a. General sales 119,044 -0- 119,044
b. Gasoline tax -0- -0- -0-
1! ' c. Liquor tax -0- -0- -0-
d. Cigarette and tobacco taxes -0- -0- -0-
e. Public utilities tax 63,229 -0- 63,229
1! f. Other -0- -0- -0-
3. Licenses, permits and other taxes
a. Income, payroll or earning
tax (local) -0- -0- -0-
11 b. Motor vehicle licenses (local) -0- -0- -0-
c. Fees retained from tax
collections by officials
of your government -0- -0- -0-
d. Other - licenses and permits 46,541 -0- 46,541
4. Taxes for education -0- -0- -0-
1!
Part II
From State Government 3,116 -0- 3,116
From Federal Government
11 6. State and Local Fiscal Assistance
Act of 1972 (Federal General
Revenue Sharing Program) 43,204 -0- 43,204
7. All other - Environmental
11 Protection Agency reimbursement
grants and other grants 337,584 -0- 337,584
11
1!
11
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11 LAIRSON YOUNG 6 FlIC,H
Lf1IRSON, YOUNG 6 FITCH
CERTIFIED PUBLIC ACCOUNTANTS
-a: MEMBERS 1425 CAPITAL NATIONAL BANK BLDG•
AMERICAN INSTITUTE OF HOUSTON,TEXAS 77002
RS CERTIFIED PUBLIC ACCOUNTANTS 713-655-1745
sae
MR
4
41
ACCOUNTANTS' REPORT ON COMPLIANCE
4
Honorable Mayor and
City Councilmen
City of Friendswood, Texas
4
We have examined the Revenue Sharing Fund Statements of Changes in Available
Funds and Obligations Incurred of the City of Friendswood, Texas for the year
ended September 30, 1978 and have compared the financial data included on
Bureau of Census Form RS-9 with the audited records of the City of Friendswood,
4/1 Texas for the year ended September 30, 1977. Our report thereon was issued
on November 30, 1976. Our examination was made in accordance with generally
accepted auditing standards and the "Audit Guide and Standards for Revenue
Sharing Recipients" issued by the Office of Revenue Sharing, U. S. Department
4111 of the Treasury, and accordingly included such tests of the accounting records
and such other auditing procedures as we considered necessary in the circum-
stances.
411
As a part of our examination, we made a study of those internal accounting
and administrative control procedures and compliance matters that we consid-
ered relevant to the criteria established by the Office of Revenue Sharing
as set forth in Section V.D. of its "Guide".
Our study, which related to the requirements cited above, disclosed no condi-
tions which we consider matters of non-compliance.
) (y
4
441 Houston, Texas
a
December 8, 1978
,1411
I go
40
1
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