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Home My WebLink About1979 09 30 Audited Financial Report - City of Friendswood 11 AUDITED FINANCIAL STATEMENTS REVENUE SHARING FUND (Special Revenue Fund) CITY OF FRIENDSWOOD, TEXAS 11 FRIENDSWOOD, TEXAS September 30, 1979 11 1! 1! 11 !! 41 MASON, YOUNG d CO I! I! CONTENTS Page Accountants' Report 3 Statement of Changes in Available Funds 4 Statement of Obligations Incurred 5 11 Summary of Data Submitted to Bureau of the Census 6 Accountants' Report on Compliance 7 I! If 11 11 11 11 41 11 -2- LflIRSON. YOUNG 6 CO L1/RSON, YOUNG 6 CO. CERTIFIED PUBLIC ACCOUNTANTS MEMBERS 1425 CAPITAL NATIONAL BANK BLDG. AMERICAN INSTITUTE OF HOUSTO N,TE%AS 77002 CERTIFIED PUBLIC ACCOUNTANTS 713-658-1745 1! Honorable Mayor and Members of City Council City of Friendswood, Texas 41 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, 1979, and have compared the financial data included on Bureau of Census Form RS-9 with audited records of the City of Friendswood, 11 Texas for the year ended September 30, 1978. 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 of the Treasury, and accordingly included such tests of the accounting records and such other auditing procedures as we 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 status of revenue sharing funds of the City of Friendswood, Texas for the year ended September 30, 1979, 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 Form RS-9 for the year ended September 30, 1978 is in agreement with audited records of the City of Friendswood, Texas. 1! I! ALA44111/. Y0111 it' 40' • 1! Houston, Texas December 6, 1979 11 I -3- F I! STATEMENT OF CHANGES IN AVAILABLE FUNDS 11 CITY OF FRIENDSWOOD, TEXAS - REVENUE SHARING FUND Year ended September 30, 1979 Per Books Adjustments Adjusted Available funds, beginning of year Unappropriated $ -0- $ -0- $ -0- Unencumbered appropriations 91,133 -0- 91,133 91,133 -0- 91,133 Add revenue Entitlement payments 84,195 -0- 84,195 Interest 6,127 -0- 6,127 II 181,455 -0- 181,455 Less unappropriated, end of year -0- -0- -0- Available for obligations during year 181,455 -0- 181,455 Ir Less Expenditures 103,752 -0- 103,752 11 Encumbrances (net) -0- -0- -0- TOTAL OBLIGATIONS INCURRED 103,752 -0- 103,752 11 Unencumbered balance, end of year 77,703 -0- 77,703 Unappropriated, end of year -0- -0- -0- 11 AVAILABLE FUNDS, END OF YEAR $ 77,703 $ -0- $ 77,703 11 11 !! !I -4- MASON, YOUNG 6 CO STATEMENT OF OBLIGATIONS INCURRED I! CITY OF FRIENDSWOOD, TEXAS - REVENUE SHARING FUND Year ended September 30, 1979 Per Books Adjustments Adjusted Capital expenditures Multi-purpose and general government Public works building $ 44,200 $ -0- $ 44,200 Street material and construction 59,552 -0- 59,552 TOTAL EXPENDITURES $103,752 $ -0- $103,752 11 TOTAL OBLIGATIONS INCURRED $103,752 -0- $103,752 .1•1 • I -5- LAIRSON, YOUNG 6 CO. II 6. SUMMARY OF DATA SUBMITTED TO BUREAU OF THE CENSUS I! CITY OF FRIENDSWOOD, TEXAS - REVENUE SHARING FUND Year ended September 30, 1978 Reported Audit to Census Adjustments Adjusted PART I 1. Property taxes $1,026,607 . -0- $1,026,607 1! 2. Local sales taxes a. General sales 154,496 -0- 154,496 b. Gasoline tax -0- -0- -0- c. Liquor tax -0- -0- -0- 1! d. Cigarette and tobacco taxes -0- -0- -0- e. Public utilities tax 77,047 -0- 77,047 f. Other - industrial district tax 270,982 -0- 270,982 3. Licenses, permits and other taxes a. Income, payroll or earning tax (local) -0- -0- -0- b. Motor vehicle licenses (local) -0- -0- -O- 1! c. Fees retained from tax collections by officials of your government -0- -0- -0- II. d. Other - licenses and permits 57,551 -0- 57,551 4. Taxes for education -0- -0- -0- 11 PART II From State Government 6,009 -0- 6,009 1! From Federal Government 5. State and Local Fiscal Assistance Act of 1972 (Federal General 11 Revenue Sharing Program) 67,281 -0- 67,281 6. All other - Environmental Protection Agency reimbursement 11 grants and other grants 405,693 -0- 405,693 11 11 !I -6- II Lf11RSON. YOUNG 6 CO 1 LfIIRSON, YOUNG 8 CO. CERTIFIED PUBLIC ACCOUNTANTS MEMBERS 1425 CAPITAL NATIONAL BANK BLDG. AMERICAN INSTITUTE OF HOUSTON,TEXAS 77002 CERTIFIED PUBLIC ACCOUNTANTS 713-658-1745 4 RI ACCOUNTANTS' REPORT ON COMPLIANCE 141 Honorable Mayor and Members of City Council 71 City of Friendswood, Texas 41 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, 1979 and have compared the financial data included on Bureau of Census Form RS-9 with the audited records of the City of Friendswood, 71 Texas for the year ended September 30, 1978. Our report thereon was issued on December 8, 1978. 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. Depart- ment of the Treasury, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the i circumstances. As a part of our examination, we made a study of those internal accounting and administrative control procedures and compliance matters that we consid- 41 ered relevant to the criteria established by the Office of Revenue Sharing as set forth in Section V.D. of its "Guide". 41 Our study, which related to the requirements cited above, disclosed no condi- tions which we consider matters of non-compliance. ara,(46011.41 044a ail 41'. 41 il Houston, Texas December 6, 1979 41 4! . !I -7-