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Home My WebLink About1982 09 30 Audited Financial Report - City of Friendswood I I I 1 I I AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION CITY OF FRIENDSWOOD, TEXAS FRIENDSWOOD, TEXAS September 30, 1982 I I I I I I 1 1 1 I 11 I CONTENTS Page Audited Financial Statements 1 Accountants' Report 4 Combined Balance Sheet - All Fund Types and Account 11 Groups 5 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types and Expendable Trust Funds 9 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budgeted and Actual - General, Special Revenue and Debt Service Funds 11 11 Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balance - Proprietary Fund Type and Similar Trust Fund 13 Combined Statement of Changes in Financial Position - Proprietary Fund Type and Similar Trust Fund 15 Notes to Financial Statements 16 I I I 11 I -2- 1 11 11 1 CONTENTS - 2 1 Page Other Financial Information 28 1 Principal Officials 29 General Fund - Statement of Revenues - Budgeted and 1 Actual 30 General Fund - Statement of Expenditures - Budgeted and Actual - By Function 31 1 General Fund - Statement of Expenditures - Budgeted and Actual - By Object 33 Water and Sewer Fund - Statement of Revenue and Expenses - Budgeted and Actual 38 1 Water and Sewer Fund Long-Term Debt - By Maturity Date 40 General Long-Term Debt Account Group - General Long-Term Debt by Maturity Date 41 Schedule of Insurance in Force 42 1 1 1 1 1 1 1 -3- i LAIRSON, WILLIAMS & CO. CERTIFIED PUBLIC ACCOUNTANTS MEMBERS 2100 W. 18TH ST., SUITE 202 AMERICAN INSTITUTE OF HOUSTON, TEXAS 77008 CERTIFIED PUBLIC ACCOUNTANTS TEXAS SOCIETY OF 713-880-0830 CERTIFIED PUBLIC ACCOUNTANTS Honorable Mayor and Members of City Council 11 City of Friendswood, Texas We have examined the combined financial statements of the City of Friends- wood, Texas for the year ended September 30, 1982 as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards 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 combined financial statements referred to above present fairly the financial position of the City of Friendswood, Texas, at September 30, 1982, and the results of its operations and the changes in financial position of its proprietary fund type for the year then ended, 11 in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole. The accompanying other financial information listed in the table of contents is presented for purposes of additional analysis and is not a required part of the combined financial statements of the City of Friendswood, Texas. The information has been subjected to the auditing procedures applied in the examination of the combined financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. 11 -11/4-14;0010/ # 4.1 "Iffilipti, 11 Houston, Texas December 22, 1982 1 3 -4- 1 COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS CITY OF FRIENDSWOOD, TEXAS 1 September 30, 1982 GOVERNMENTAL FUND TYPES SPECIAL DEBT CAPITAL ASSETS GENERAL REVENUE SERVICE PROJECTS CASH $106,112 $ 1 $ 58,836 $ 17,957 INVESTMENTS - certificates of deposit - at cost 443,785 86,199 1,113,924 RECEIVABLES Taxes 101,165 41,309 Accounts (less allowance for doubtful accounts of 11 $7,262) 89,577 26,991 Grants 1,359 11 DUE FROM OTHER FUNDS 146,038 PREPAID EXPENSES AND OTHER ASSETS 662 40 1,840 11 ADVANCES TO JOINT VENTURE - Note 5 INVESTMENT IN JOINT VENTURE - Note 5 RESTRICTED ASSETS ch Ac Accrued interest- Investmentscertificates of deposit - at cost Land Advances to joint venture LAND PLANT AND EQUIPMENT - at cost Blackhawk Regional Plant - Note 5 Other Construction in progress11 Less allowance for depreciation AMOUNT AVAILABLE IN DEBT SERVICE 1 FUND AMOUNT TO BE PROVIDED FOR RETIREMENT OF GENERAL LONG-TERM DEBT TOTAL ASSETS $888,698 $26,992 $186,384 $1,133,721 , The notes to the financial statements are an integral part of this statement. -5- ' I I II 1 PROPRIETARY FIDUCIARY TOTALS FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY) GENERAL GENERAL II WATER AND TRUST AND FIXED LONG-TERM SEWER AGENCY ASSETS DEBT 1982 1981 1 $ 6,250 $ 12,366 $ 201,522 $ 571,500 II56,545 1,700,453 142,329 142,474 135,756 II 128,291 244,859 216,689 1 1,359 500 146,538 649,593 II10,278 174 12,994 39,951 56,230 56,230 209,918 I8,811,586 1 145,570 1,171 146,741 223,542 125 125 1,233 II 356J184 65,055 57,200 421,239 111,781 57,200 57,200 201,779 105,765 $ 269,906 375,671 375,671 II 4,680,516 4,680,516 - 1 9,458,005 5,363,934 379,863 14,821,939 10,750,138 379,863 14,138,521 5,743,797 19,882,318 10,750,138 1,526,183 1,526,183 1,082,153 I 12,612,338 18,356,135 9,667,985 $ 145,075 145,075 180,372 1 4,460,347 4,460,347 3,035,681 1 $13,421,406 $192,636 $6,013,703 $4,605,422 $26,468,962 $24,632,566 11 -6- I COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2 I GOVERNMENTAL FUND TYPES SPECIAL DEBT CAPITAL GENERAL REVENUE SERVICE PROJECTS LIABILITIES AND FUND EQUITY LIABILITIES Accounts payable $ 42,081 $ 469 Accrued liabilities 47,880 Payable from restricted assets Accrued interest Revenue bonds - current portion Deposits Due to other funds $26,992 11 Bail bonds and warrants 3,310 Deferred tax revenue 101,165 $ 41,309 Note payable Lease obligation Revenue bonds and combination revenue and tax bonds payable General obligation bonds and certificates of obligation TOTAL LIABILITIES 194,436 26,992 41,309 469 FUND EQUITY 1 Contributed capital Investment in general fixed assets Retained earnings Reserved for revenue bond retirement 1 Reserved for construction Unreserved Fund balance Reserved for encumbrances 11,956 Reserved for prepaid expenses 662 Reserved for endowments Reserved for performance deposits Reserved for park expenditures Unreserved 1 Designated for construction 1,133,252 Designated for debt service 145,075 Undesignated 681,644 11 TOTAL FUND EQUITY 694,262 - 145,075 1,133,252 TOTAL LIABILITIES AND FUND EQUITY $888,698 $26,992 $186,384 $1,133,721 The notes to the financial statements are an integral part of this statement. II I !I IIPROPRIETARY FIDUCIARY TOTALS FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY) GENERAL GENERAL II WATER AND TRUST AND FIXED LONG-TERM SEWER AGENCY ASSETS DEBT 1982 1981 11 $ 39,650 $ 82,200 $ 91,659 5,275 53,155 87,562 II 68,000 68,000 130,000 130,000 130,000 52,597 52,597 44,296 II 50,461 $ 69,085 146,538 649,593 3,310 5,716 142,474 135,756 II - 300,000 $ 70,422 70,422 84,053 3,410,000 3,410,000 3,425,000 II 4,535,000 4,535,000 3,132,000 3,755,983 69,085 4,605,422 8,693,696 8,085,635 II 7,817,412 7,817,412 7,817,412 II $6,013,703 6,013,703 5,515,597 II 118,660 118,660 115,084 132,497 132,497 132,497 1,596,854 1,596,854 1,600,740 I11,956 9,800 662 21,830 II67,200 67,200 67,200 51,997 51,997 102,230 4,354 4,354 4,228 I 1,133,252 - 145,075 143,168 1 681,644 1,017,145 9,665,423 123,551 6,013,703 17,775,266 16,546,931 II $13,421,406 $192,636 $6,013,703 $4,605,422 $26,468,962 $24,632,566 I -8- II COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES I IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS CITY OF FRIENDSWOOD, TEXAS 1 Year ended September 30, 1982 1 GOVERNMENTAL FUND TYPES SPECIAL DEBT CAPITAL GENERAL REVENUE SERVICE PROJECTSII REVENUES Taxes - Note 9 $1,687,752 $500,318 Sanitation fees 289,034 II Fines and forfeitures 111,975 Licenses and permits 75,292 Intergovernmental revenue 203,731 $107,964 II Sale of equipment 48,630 - Interest and other income 125,370 36,012 $ 98,925 TOTAL REVENUES 2,541,784 107,964 536,330 98,925 EXPENDITURES II General government 671,309 9,483 Public safety 856,648 II Public works 474,575 380,332 Sanitation 288,813 Culture and recreation 299,028 IIHealth and welfare 42,243 Debt service Principal retirement 110,631 Interest expense 303,809 II TOTAL EXPENDITURES 2,632,616 423,923 380,332- REVENUES OVER (UNDER) EXPENDITURES (90,832) 107,964 112,407 (281,407) II OTHER FINANCING SOURCES (USES) Proceeds of certificates ofII obligation 1,500,000 Refund of performance deposit Operating transfer in 268,090II Operating transfer out (451,645) (188,090) (110,500) (85,341) TOTAL OTHER FINANCING SOURCES (183,555) (188,090) (110,500) 1,414,659 II REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES ANDII OTHER USES (274,387) (80,126) 1,907 1,133,252 Fund balances at Oct. 1, 1981 968,649 80,126 143,168 - 1 FUND BALANCES AT SEPT. 30, 1982 $ 694,262 $ -0- $145,075 $1,133,252 , The notes to the financial statements are an integral part of this statement. I I I IFIDUCIARY TOTALS FUND TYPE (MEMORANDUM ONLY) EXPENDABLE ITRUSTS 1982 1981 $2,188,070 $2,416,105 1 289,034 275,870 111,975 129,824 75,292 49,580 1 311,695 143,760 48,630 $ 10,250 270,557 119,256 10,250 3,295,253 3,134,395 111 680,792 626,120 1 2,333 858,981 754,259 854,907 , 452,316 288,813 292,896 I 727 299,755 214,642 42,243 58,179 110,631 99,336 I 303,809 203,396 3,060 3,439,931 2,701,144 I7,190 (144,678) 433,251 1 1,500,000 (60,000) (60,000) 1 2,703 270,793 211,328 (835,576) (260,121) 1 (57,297) 875,217 (48,793) 1 (50,107) 730,539 384,458 111 106,458 1,298,401 913,943 II $ 56,351 $2,028,940----= $1,298,401 I -10- 1 COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES INII FUND BALANCES - BUDGETED AND ACTUAL - GENERAL, SPECIAL REVENUE AND DEBT SERVICE FUNDS CITY OF FRIENDSWOOD, TEXAS II Year ended September 30, 1982 1 GENERAL FUND VARIANCE FAVORABLEII BUDGET ACTUAL (UNFAVORABLE) REVENUES Taxes - Note 9 $1,715,500 $1,687,752 $ (27,748) II Sanitation fees 290,600 289,034 (1,566) Fines and forfeitures 115,000 111,975 (3,025) Licenses and permits 60,200 75,292 15,092 II Intergovernmental revenue 197,250 203,731 6,481 Sale of equipment 46,700 48,630 1,930 Interest and other income 55,500 125,370 69,870II TOTAL REVENUES 2,480,750 2,541,784 61,034 EXPENDITURES 1 General government 696,569 671,309 25,260 Public safety 857,074 856,648 426 Public works 491,545 474,575 16,970II Sanitation 304,697 288,813 15,884 Culture and recreation 285,197 299,028 (13,831) Health and welfare 43,500 42,243 1,257II Debt service TOTAL EXPENDITURES 2,678,582 2,632,616 45,966 II REVENUES OVER (UNDER) EXPENDITURES (197,832) (90,832) 107,000 OTHER FINANCING SOURCES (USES) Operating transfers in 264,000 268,090 4,090II Operating transfers out (451,645) (451,645) 264,000 (183,555) (447,555) REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES AND OTHER USES $ 66,168 (274,387) $(340,555) II Fund balances at October 1, 1981 968,649 FUND BALANCES AT 11 SEPTEMBER 30, 1982 $ 694,262 1 -11- , 11 SPECIAL REVENUE FUND DEBT SERVICE FUND VARIANCE VARIANCE 11 FAVORABLE FAVORABLE BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE) 11 $490,000 $500,318 $10,318 $105,000 $107,964 $ 2,964 36,012 36,012 105,000 107,964 2,964 490,000 536,330 46,330 9,483 (9,483) I 329,442 414,440 (84,998) 11 329,442 423,923 (94,481) 160,558 112,407 (48,151) (184,000) (188,090) (4,090) (156,825) (110,500) 46,325 (184,000) (188,090) (4,090) (156,825) 110,500) 46,325 I (79,000) (80,126) $(1,126) $ 3,733 1,907 $(1,826) 80,126 143,168 $ -0- $145,075 I -12- II COMBINED STATEMENT OF REVENUES, EXPENSES AND I CHANGES IN RETAINED EARNINGS/FUND BALANCE - PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND llCITY OF FRIENDSWOOD, TEXAS Year ended September 30, 1982 I PROPRIETARY FIDUCIARY FUND TYPE FUND TYPE II WATER AND NON-EXPENDABLE SEWER TRUST Operating revenues II Water and sewer sales and services $ 983,217 WCID #108 sewer fee 132,844 Clearwoods Improvement District sewer fee 15,000 II Fees and penalties 3,456 Other income 369 1,134,886II Operating expenses Water department Personal services 130,213 II Supplies and maintenance 79,880 Other services and charges 54,793 Travel and training 343 II 265,229 Sewer department Personal services 42,367 IISupplies and maintenance 46,125 Other services and charges 99,863 Travel and training 481 Waste disposal fees 311,433 !I 500,269 OPERATING INCOME BEFORE DEPRECIATION 369,388 Depreciation expense 339,251 11 NET OPERATING INCOME 30,137 Non-operating revenue (expense) Interest income 30,697 $ 853 II Interest expense (300,275) Bond cost amortization (5,000) (274,578) 853II INCOME (LOSS) BEFORE OPERATING TRANSFERS (244,441) 853 Operating transfers in 789,614 IIOperating transfers out (223,978) (853) NET INCOME BEFORE EXTRAORDINARY ITEM 321,195 II Extraordinary item - loss on abandoned sewer plant (321,505) NET INCOME (LOSS) (310) I -13- ' I I I I I TOTALS (MEMORANDUM ONLY) I1982 1981 $ 983,217 $ 973,520 132,844 126,294 I15,000 3,456 3,278 I 369 6,204 1,134,886 1,109,296 I130,213 75,973 79,880 62,713 54,793 62,369 I 343 1,134 265,229 202,189 42,367 80,506 46,125 42,819 99,863 82,305 I 481 425 311,433 345,106 500,269 551,161 I 369,388 355,946 339,251 120,539 30,137 235,407 I31,550 32,289 (300,275) (228,852) (5,000) (5,000) I (273,725) (201,563) (243,588) 33,844 I 789,614 74,130 (224,831) (1,032) I321 ,195 106,942 (321,505) I (310) 106,942 I -14- COMBINED STATEMENT OF REVENUES, EXPENSES AND !I CHANGES IN RETAINED EARNINGS/FUND BALANCE - PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND - 2 !I PROPRIETARY FIDUCIARY FUND TYPE FUND TYPE WATER AND NON-EXPENDABLE SEWER TRUST ' Retained earnings/fund balance at October 1, 1981 1,848,321 67,200 RETAINED EARNINGS/FUND BALANCE AT SEPTEMBER 30, 1982 $1,848,011 $67,200 1 I I I I I 1 The notes to the financial statements are an integral part of this statement. -15- ' I I I TOTALS (MEMORANDUM ONLY) ' 1982 1981 1 ,915,521 1,808,579 1 $1 ,915,211 $1,915,521 I I I I I I 1 I I 1 ' -16- II 11 COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND IICITY OF FRIENDSWOOD, TEXAS Years ended September 30, 1982 and 1981 11 1982 1981 II SOURCE OF FUNDS Operations 1 Net income (loss) for the year $ (310) $ 106,942 Expenses not requiring current outlay of financial resources - depreciation 339,251 120,539 1 Loss on abandoned plant 389,334 Working capital provided from operations 728,275 227,481 Proceeds from sale of equipment 3,000 1 Contributed capital 698,702 Reduction of investment in joint venture 8,811,586 Sale of revenue bonds 115,000 155,000 11 9,657,861 1,081,183 APPLICATION OF FUNDS Book value of equipment recorded from joint venture 8,899,882 II Acquisition of property, plant and equipment 21,747 32,285 Investment in joint-venture 297,901 Retirement of long-term debt 130,000 115,000 II9,051,629 445,186 INCREASE IN WORKING CAPITAL $ 606,232 $ 635,997 11 INCREASE (DECREASE) IN COMPONENTS OF WORKING CAPITAL II Cash $ 289,139 $ (76,000) Accounts receivable 10,138 (16,066) Prepaid expenses (8,322) (5,000) 1 Due from other funds (20,358) (15,346) Advances to joint venture (355,467) 1,089,920 II Accounts payable 351 (34,578) Customer meter deposits (8,301) (11,313) Note payable 300,000 (300,000) Due to other funds 465,587 7,126 IIAccrued expenses (66,535) (2,746) INCREASE IN WORKING CAPITAL $ 606,232 $ 635,997 II IThe notes to the financial statements are an integral part of this statement. 1 -17- I 11 NOTES TO FINANCIAL STATEMENTS CITY OF FRIENDSWOOD, TEXAS September 30, 1982 1 1. ORGANIZATION The City of Friendswood adopted a "Home Rule Charter" on October 15, 1960 which provides for a "Council-Manager" form of city government. 2. SIGNIFICANT ACCOUNTING POLICIES AND DESCRIPTION OF FUNDS A. DESCRIPTION OF FUNDS General Fund 11 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 1 and forfeitures. Primary expenditures are for general government, public safety, streets and drainage, sanitation, culture and recreation, and health and welfare. 1 Special Revenue Fund The Special Revenue Fund (Revenue Sharing) is used to account for revenue 1 received from the federal government under the State and Local Fiscal Assistance Act of 1972. Capital improvements are charged to expenditures in the accounts of the fund and capitalized in either the Water and Sewer Fund or General Fixed Assets Account Group. Debt Service Fund The Debt Service Fund is used to account for the payment of interest and principal of general bonded debt of the City, which is accounted for in the General Long-Term Debt Account Group. The primary source of revenue of 1 the Debt Service Fund is general property taxes. The payment of interest and principal on revenue bonds and combination revenue and tax bonds of the Water and Sewer Fund are accounted for in the Water and Sewer Fund. 1 Capital Projects Fund The Capital Projects Fund is used to account for the receipt and expenditure of resources used for acquisition of designated fixed assets except those financed by the Water and Sewer Fund. 11 1 1 -18- 1 NOTES TO FINANCIAL STATEMENTS - 2 1 2. SIGNIFICANT ACCOUNTING POLICIES (continued) DESCRIPTION OF FUNDS (continued) Enterprise Fund The Water and Sewer Fund is used to account for, the operations of the Water and Sewer Department. The Enterprise Fund operations are financed and operated in a manner similar to private business enterprises where the 1 intent is that the costs (expenses, including depreciation) of providing goods and services to the general public on a continuing basis be financed or recovered primarily through user charges. Trust Funds The Trust Funds are used to account for assets held by the City in a trustee capacity for individuals and private organizations. The Non-Expendable Trust Fund (1776 Park Trust Endowment Principal Fund) is 1 used to account for the legally restricted non-expendable 1776 Park land trust corpus and the legally restricted non-expendable 1776 Park maintenance endowment cash trust corpus. The Expendable Trust Funds consist of the 1776 Park Trust Endowment Revenue Fund and the Performance Deposit Fund. 11 The 1776 Park Trust Endowment Revenue Fund is used to account for the expenditures of the legally restricted income earned on the 1776 Park maintenance endowment cash trust corpus. The trust corpus reverts to a ' third party in the event that the City does not maintain compliance with the trust agreements. 1 The Performance Deposit Fund is used to account for a performance cash deposit and the income from the deposit. The deposit is being held by the City for the performance of a street construction contract. 1 Agency Funds The Agency Funds are used to account for assets held by the City as an agent for other City funds. Agency Funds are custodial in nature and do not involve measurements of results of operations. I 1 1 -19- 1 NOTES TO FINANCIAL STATEMENTS - 3 11 2. SIGNIFICANT ACCOUNTING POLICIES (continued) B. DESCRIPTION OF ACCOUNT GROUPS General Fixed Assets Account Group The General Fixed Assets Account Group is a listing of the City's general fixed assets - those assets not employed in commercial type activities (Water and Sewer Fund) or held in trust (Trust Fund) - balanced by accounts showing the sources by which such assets were financed. Such assets are recorded at cost or at market value at date of donation. 1 General Long-Term Debt Account Group 1 The General Long-Term Debt Account Group is used to account for general obligation bonds and certificates of obligation that are not a specific liability of the Water and Sewer Fund. C. MEASUREMENT FOCUS Governmental (General, Special Revenue, Debt Service, and Capital 1 Projects) fund types are accounted for on a "spending" or "financial flow" measurement focus. Accordingly, only current assets and current liabilities are included on their balance sheets and the reported fund balance (total reported assets less total reported liabilities) provides an indication of available spendable or appropriable resources. Operating statements for governmental ' fund types (on a spending measurement focus) report increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in available spendable resources. 1 1 1 1 11 -20- 1 NOTES TO FINANCIAL STATEMENTS - 4 1 2. SIGNIFICANT ACCOUNTING POLICIES (continued) MEASUREMENT FOCUS (continued) Proprietary (Enterprise) fund types are accounted for on an "income determination" or "cost of services" measurement focus. Accordingly, all assets and all liabilities are included in their balance sheets, and the reported fund equity (total reported assets less total reported liabilities) provides an indication of the economic net worth of the fund. Operating statements for proprietary fund types (on an income determination measurement focus) report increases (revenues) and decreases (expenses) in total economic net worth. Fiduciary funds are accounted for as either governmental or pro- prietary, depending upon their nature. Non-expendable trust funds are 1 accounted for as proprietary fund types, while expendable trust funds are accounted for as governmental fund types. Agency funds report only financial position. Since Agency funds are custodial in nature 1 they are not concerned with measurement of results of operations as such. Fixed assets which are not used in proprietary fund operations, are accounted for in a separate self-balancing General Fixed Assets Account Group. Long-term debt which is not intended to be financed through proprietary funds are all accounted for in a separate self-balancing General Long-Term Debt Account Group. Depreciation is reported on the operating statements of proprietary I fund types (on an income determination measurement focus) . Depre- ciation is not reported on the operating statements of governmental fund types (on a spending measurement focus). 1 D. BASIS OF ACCOUNTING "Basis of accounting" refers to the time that revenues and expenditures or 1 expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measure- ments, regardless of the measurement focus applied. ' Proprietary fund types and Non-expendable trust funds use the accrual method of accounting. On the accrual method, revenues are recognized in the accounting period in which they are earned and expenses are recog- nized in the accounting period incurred. ' -21- NOTES TO FINANCIAL STATEMENTS - 5 I 2. SIGNIFICANT ACCOUNTING POLICIES (continued) BASIS OF ACCOUNTING (continued) Governmental fund types and expendable trust funds use the modified accrual basis of accounting. On the modified accrual basis, revenues are recognized in the accounting period in which they become available and measurable ("susceptible to accrual"), and expenditures are recog- nized in the accounting period in which the fund liability is incurred, except for unmatured interest on general long-term debt. The agency fund assets and liabilities use the modified accrual basis of account- ing. On the modified accrual basis, receivables are recognized as soon as a legal "right to receive" exists, regardless of the revenue recog- nition treatment applied. The following revenue sources have been treated as susceptible to accrual under the modified accrual basis: Sales taxes Federal revenue sharing and grants Industrial district taxes Interest on investments 1 Sanitation revenue The following revenue sources have not been treated as susceptible to 11 accrual under the modified accrual basis: Franchises Licenses and permits I Fines and forfeitures Beverage taxes General property taxes E. ENCUMBRANCES ' Encumbrances are obligations which are chargeable to an appropriation and for which a part of the appropriation is reserved. The encum- brance ceases when the obligation is paid, when the actual liability is incurred, or when the appropriation lapses. Encumbrances outstanding ' at the end of the year have not been reported as expenditures or liabilities. 1 I 11 -22- 1 NOTES TO FINANCIAL STATEMENTS - 6 1 2. SIGNIFICANT ACCOUNTING POLICIES (continued) IF. BUDGETS The original budget is adopted by the City Council prior to the beginning of the fiscal year. Amendments are made during the year by City Council and the final amended budget is set forth in this report. The budget should not be exceeded in any major expenditure category under city requirements. Unused appropriations lapse at the end of each fiscal year. rG. FIXED ASSETS Fixed assets are stated at original cost. Donated assets are valued at ' their fair market value on the date donated. Costs incurred for the pur- chase or construction of general fixed assets are recorded as capital out- lay expenditures in the General, Special Revenue and Capital Projects Funds. All such costs are capitalized in the General Fixed Assets Account Group. 11 Amounts expended for property, plant and equipment in the Water and Sewer Fund are capitalized in the fixed asset accounts within that fund. Public domain infrastructure fixed assets such as bridges, roads, drainage systems, 1 etc. are capitalized along with other general fixed assets. H. DEPRECIATION IDepreciation of all exhaustible fixed assets used by the Water and Sewer Fund is charged as an expense against its operations. Allowance for depreciation is reported in the Water and Sewer Fund balance sheet. Depreciation has been I provided over the estimated useful lives using the straight-line method. The estimated useful lives are as follows: Assets Life Equipment 3-10 years Water and Sewer System 50 years No depreciation is provided for the general fixed assets of the City. I I ' -23- II II NOTES TO FINANCIAL STATEMENTS - 7 1 II2. SIGNIFICANT ACCOUNTING POLICIES (continued) II. VACATION AND SICK PAY Accumulated unpaid vacation and other employee benefits are accrued in 1 both the General and Water and Sewer Funds. Sick pay is recorded only when paid by the City. As of September 30, 1982 accrued vacation and other employee benefits were as follows: 1 General Fund $39,535 Water and Sewer Fund 3,678 1 3. INTERFUND RECEIVABLES AND PAYABLES 1 The following is a summary of amounts due from and due to other funds: Due From Due To 1 General Fund Water and Sewer Fund $ 50,461 Trust and Agency Funds 68,585 1 Special Revenue 26,992 TOTAL GENERAL FUND 146,038 1 Special Revenue Fund General Fund $ 26,992 TOTAL SPECIAL REVENUE FUND 26,992 1 Water and Sewer Fund General Fund 50,461 Trust and Agency Funds 500 1 TOTAL WATER AND SEWER FUND 500 50,461 Trust and Agency Funds 1 General Fund 69,085 TOTAL TRUST AND AGENCY FUNDS 69,085 TOTAL ALL FUNDS $146,538 $146,538 1 1 I -24- NOTES TO FINANCIAL STATEMENTS - 8 4. PENSION PLAN The City participates in the Texas Municipal Retirement System. All full time employees are covered by the pension plan. The total pension payments for the year ended September 30, 1982 were $23,240, which includes amortization of prior service cost over 25 years. The City's policy is to fund pension cost accrued. The total book value of assets of the pension fund at December 31, 1981 exceeded the actuarially computed value of vested benefits by approximately $68,490. The unfunded prior service liability was $59,529 at December 31, 1981. 11 5. INVESTMENT IN JOINT VENTURE At September 30, 1982 the City was a partner in a joint venture formed to construct the Blackhawk Regional Waste Water Treatment Plant. The City's ownership in the plant, based on its share of reserve capacity, is 57.69%. The plant was complete and in operation at September 30, 1982. The Gulf Coast Waste Disposal Authority owns the land on which the plant is located. The Authority has the jurisdiction for the service area and has contracts with the partners to operate the plant. The City's equity in the Blackhawk Regional Waste Water Treatment Plants' assets have been recorded in the Water and Sewer Fund. A condensed balance sheet of the joint venture as of September 30, 1982 follows: BALANCE SHEET (unaudited) ASSETS Cash $ 137 Grants receivable 104,259 Allowance for doubtful grant receivable (104,259) Accounts receivable - partners 69,928 $ 70,065 LIABILITIES Accounts payable I City of Friendswood $ 56,230 Partner 3,706 Other 10,129 $ 70,065 -25- II II NOTES TO FINANCIAL STATEMENTS - 9 I II 6. LONG-TERM DEBT II Changes in Long-Term Debt of the City during the year ended September 30, 1982 are summarized as follows: 1 General Water & Sewer Long-Term Revenue Debt Bonds Total 1 Balance at October 1, 1981 $3,132,000 $3,555,000 $6,687,000 Obligations issued 1,500,000 115,000 1,615,000 Obligations retired 97,000 130,000 227,000 1 BALANCE AT SEPTEMBER 30, 1982 $4,535,000 $3,540,000 $8,075,000 1 The total debt of the City (governmental and proprietary funds) by maturity date is as follows: 1 Fiscal Year General Water and Sewer Ending Long-Term Debt Revenue Bonds Sept. 30 Principal Interest Principal Interest 11 1983 $ 107,000 $ 365,288 $ 130,000 $ 223,825 1984 137,000 357,497 135,000 215,375 1 1985 157,000 347,628 140,000 206,500 1986 168,000 334,841 195,000 195,825 1987 183,000 321,029 205,000 183,188 1988 199,000 305,694 210,000 170,137 II 1989 220,000 288,810 215,000 156,475 1990 240,000 270,641 225,000 142,038 1991 260,000 251,131 230,000 127,006 11 1992 284,000 229,313 250,000 111,391 1993 315,000 204,213 275,000 93,972 1994 340,000 175,405 160,000 79,128 1995 375,000 143,729 175,000 67,256 II 1996 420,000 107,375 185,000 55,344 1997 450,000 66,906 200,000 49,303 1998 205,000 39,201 220,000 37,707 II 1999 215,000 25,649 230,000 25,131 2000 260,000 15,600 160,000 14,600 1 TOTAL $4,535,000 $3,849,950 $3,540,000 $2,154,201 --.._-_---- ---_--_-- ---= 1 1 -26- II !I NOTES TO FINANCIAL STATEMENTS - 10 II 11 7. GENERAL FIXED ASSETS il A summary of the changes in general fixed assets for the year ended Sept- ember 30, 1982 follows: Transferred II In From Balance at Joint Balance at Oct. 1, 1981 Additions Venture Retirements Sept. 30, 1982 II Land $ 269,906 $ 269,906 Buildings 878,875 $ 11,536 890,411 Improvements 3,333,908 155,454 3,489,362 II Equipment 1,032,908 82,588 $131,335 984,161 Construction in progress 379,863✓ 379,863 IITOTAL $5,515,597 $629,441 $131,335 $ 6,013,703 II A summary of the changes in Water and Sewer Fund property, plant and equipment for the year ended September 30, 1982 follows: II Land $ 105,765 $ 105,765 Plant and equipment 4,662,328 $ 21,747 $463,712 4,220,363 Water and sewer lines 204,448 204,448 IIStorm sewers 637,671 637,671 Plant and equipment, Blackhawk $9,076,039 9,076,039 IITOTAL 5,610,212 21,747 9,076,039 463,712 14,244,286 Less allowance 11 for depreciation 1,082,153 339,251 176,157 (71,378) 1,526,183 NET PROPERTY, PLANT AND IIEQUIPMENT $4,528,059 $(317,504) $8,899,882 $392,334 $12,718,103 I II II -27- 111 41 r NOTES TO FINANCIAL STATEMENTS - 11 7! 1 8. LEASE COMMITMENTS 1 The City leases a fire truck under arrangements which qualifies it as a capital lease. The fire truck has been capitalized in the General Fixed Assets Account Group at $96,389, the net present value of the lease commitment. 141 The following is a schedule of minimum annual lease commitments outstanding at September 30, 1982: 1983 $22,457 !I 1984 22,457 1985 22,457 1986 22,457 Total payments 89,828 Interest portion 19,406 411 Total minimum lease commitments $70,422 !! 9. SALES TAX CORRECTION AND REFUND 11 In April, 1982, a refund of $161,309.68 was made to the State Controller for Sales Tax Due to the City of Houston for the Baybrook Mall Stores errorneously 11 paid to the City of Friendswood in the current and previous years. 11 I !I II II !I II -28- I OTHER FINANCIAL INFORMATION 3 3 -29- 1 PRINCIPAL OFFICIALS CITY OF FRIENDSWOOD, TEXAS September 30, 1982 MAYOR Ralph Lowe Councilman Councilman Position No. 1 Position No. 4 Leon Brown Loren E. Wood Councilman Councilwoman Position No. 2 Position No. 5 Robert Wicklander Jan Jordan Mayor Pro-Tem ' Councilwoman Councilman Position No. 3 Position No. 6 Evelyn B. Newman Todd Stewart ' City Manager rJames C. Morgan City Secretary Director of Finance Tax Assessor Bobbie C. Henry David Quick Alta Carbone 1 1 ' -30- 11 11 GENERAL FUND 11 STATEMENT OF REVENUES - BUDGETED AND ACTUAL CITY OF FRIENDSWOOD, TEXAS 11 Years ended September 30, 1982 and 1981 I 1982 ACTUAL OVER 11 (UNDER) 1981 BUDGET ACTUAL BUDGET ACTUAL Taxes II General property $1,070,000 $1,099,203 $ 29,203 $ 999,929 Industrial district 300,000 302,064 2,064 371,622 Sales 215,000 99,497 (115,503) 415,228 I Franchise 126,500 185,708 59,208 178,789 Other 4,000 1,280 (2,720) 4,395 1,715,500 1,687,752 (27,748) 1,969,963 11 Sanitation 290,600 289,034 (1,566) 275,870 Fines and forfeitures 115,000 111,975 (3,025) 129,824 IILicenses and permits 60,200 75,292 15,092 49,580 II Inter-governmental revenues 197,250 203,731 6,481 54,293 11 Sale of equipment 46,700 48,630 1,930 Interest on investments 30,500 89,876 59,376 49,753 IIOther 25,000 35,494 10,494 31,250 TOTAL REVENUES $2,480,750 $2,541,784 $ 61,034 $2,560,533 I II II II II II -31- 1 IIGENERAL FUND I STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY FUNCTION CITY OF FRIENDSWOOD, TEXAS II Years ended September 30, 1982 and 1981 I 1982 ACTUAL (OVER) I BUDGET ACTUAL UNDER 1981 BUDGET ACTUAL General Government 1 Administration $ 571,109 $ 571,074 $ 35 $ 514,060 Municipal court 49,475 41,683 7,792 37,811 Engineering 23,439 12,720 10,719 26,380 II Inspection 46,546 44,127 2,419 42,797 Planning and zoning 6,000 1,705 4,295 4,035 TOTAL GENERAL GOVERNMENT 696,569 671,309 25,260 625,083 II Public Safety Police 719,361 717,173 2,188 609,896 Fire 114,604 114,946 (342) 103,775 II Humane 21,786 23,230 (1,444) 28,600 Civil defense 1,323 1,299 24 2,601 TOTAL PUBLIC SAFETY 857,074 856,648 426 744,872 II Public Works Streets 413,078 417,491 (4,413) 339,218 I Drainage 78,467 57,084 21,383 44,885 TOTAL PUBLIC WORKS 491,545 474,575 16,970 384,103 Sanitation 304,697 288,813 15,884 292,896 II TOTAL SANITATION 304,697 288,813 15,884 292,896 Culture and Recreation I Library 137,121 136,609 512 112,320 Parks and recreation 144,176 155,480 (11,304) 92,791 Youth needs and opportunity commission 2,400 1,997 403 1,312 II Community appearance 1,500 4,942 (3,442) 1,869 TOTAL CULTURE AND RECREATION 285,197 299,028 (13,831) 208,292 I Health and Welfare Community counseling center 30,000 30,011 (11) 48,307 Ambulance 9,500 8,900 600 9,387 II Health and welfare 4,000 3,332 668 9,872 TOTAL HEALTH AND WELFARE 43,500 42,243 1,257 67,566 TOTAL EXPENDITURES $2,678,582 $2,632,616 $45,966 $2,322,812 II I -32- 1 II GENERAL FUND ISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT CITY OF FRIENDSWOOD, TEXAS IYears ended September 30, 1982 and 1981 I 1982 ACTUAL (OVER) II UNDER 1981 BUDGET ACTUAL BUDGET ACTUAL General Government II Administration Personal services $231,936 $226,609 $ 5,327 $202,319 Supplies and maintenance 24,428 28,897 (4,469) 27,041 I Other services and charges 282,864 286,298 (3,434) 274,834 Travel and training 11,200 7,196 4,004 9,401 Capital outlay 20,681 22,074 (1,393) 465 ' 571,109 571,074 35 514,060 Municipal Court Personal services 44,583 37,232 7,351 34,957 I Supplies and maintenance 3,030 2,851 179 1,241 Other services and charges 1,362 1,471 (109) 860 Travel and training 500 129 371 753 l Capital outlay - - - - 49,475 41,683 7,792 37,811 1 Engineering Personal services 1,929 1,740 189 3,164 Supplies and maintenance 410 108 302 83 Other services and charges 21,100 10,872 10,228 23,133 ' 23,439 12,720 10,719 26,380 Inspections I Personal services 40,890 39,199 1,691 37,171 Supplies and maintenance 4,456 4,653 (197) 4,486 Other services and charges 700 100 600 466 I Travel and training -500 -175 - -325 674 Capital outlay 46,546 44,127 2,419 42,797 II II II I -33- 1 11 GENERAL FUND IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 2 1 1982 II ACTUAL (OVER) UNDER 1981 1 BUDGET ACTUAL_ BUDGET ACTUAL General Government - continued Planning and Zoning 1 Personal services 1,150 1,380 (230) 770 Supplies and maintenance 300 259 41 377 Other services and charges 4,100 3 4,097 2,888 I Travel and training -450 - 63 -387 Capital outlay - 6,000 1,705 4,295 4,035 1 TOTAL GENERAL GOVERNMENT 696,569 671,309 25,260 625,083 I Public Safety Police Service Personal services 567,216 561,340 5,876 490,109 I Supplies and maintenance 87,493 80,117 7,376 99,385 Other services and charges 12,086 8,845 3,241 8,571 Travel and training 11,414 12,007 (593) 2,418 Capital outlay 41,152 54,864 (13,712) 9,413 II719,361 717,173 2,188 609,896 Fire I Personal services 24,117 24,012 105 19,075 Supplies and maintenance 42,045 8,19833,847 48,936 Other services and charges 8,180 80,590 (72,410) 17,173 I Travel and training 8,622 2,146 6,476 3 8,775 Capital outlay 31,640 1,640 9,816 114,604 114,946 (342) 103,775 II II II II -34- II II GENERAL FUND IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 3 II 1982 ACTUAL I (OVER) UNDER 1981 BUDGET ACTUAL BUDGET ACTUAL IHumane Personal services 16,198 16,772 (574) 12,277 Supplies and maintenance 3,488 5,821 (2,333) 2,241 IOther services and charges 1,750 637 1,113 13,928 - Travel and training 350 350 154 21,786 23,230 1,444) 28,600 ' Civil Defense Personal services - 10 (10) - ' Supplies and maintenance 473 9,350 -334 139 1,355 Other services and charges 350 468 Travel and training - 66 (66) 8 Capital outlay 500 889 (389) 770 I1,323 1,299 24 2,601 TOTAL PUBLIC SAFETY 857,074 856,648 426 744,872 IIPublic works Streets II Personal services 173,825 161,299 12,526 57,136 Supplies and maintenance 79,253 89,010 (9,757) 103,958 Other services and charges 36,700 38,008 (1,308) 176,878 Travel and training 300 106 194 50 II Capital outlay 123,000 129,068 (6,068) 1,196 413,078 417,491 (4,413) 339,218 II Drainage Personal services 27,736 28,065 (329) 22,658 Supplies and maintenance 16,331 7,194 9,137 8,846 I Other services and charges 4,300 18,685 (14,385) 13,381 Travel and training 100 90 10 - Capital outlay 30,000 3,050 26,950 78,467 57,084 21,383 44,885 1 TOTAL PUBLIC WORKS 491,545 474,575 16,970 384,103 II I -35- II II GENERAL FUND ISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 4 II 1982 ACTUAL II (OVER) UNDER 1981 BUDGET ACTUAL BUDGET ACTUAL ISanitation Sanitation I Personal services 15,342 16,689 (1,347) 168,954 Supplies and maintenance 4,855 4,283 572 82,961 Other services and charges - 4,083 (4,083) 37,884 Contract services 284,500 263,758 20,742 - ' Travel and training _ _ - 41 Capital outlay 3,056 II TOTAL SANITATION 304,697 288,813 15,884 292,896 I Culture and Recreation Library Personal services 93,967 92,504 1,463 74,791 Supplies and maintenance 27,610 28,764 (1,154) 9,833 I Other services and charges 12,513 11,810 703 9,280 Travel and training 3,031 3,042 (11) 2,735 Capital outlay - 489 (489) 15,681 I137,121 136,609 512 112,320 Parks and Recreation I Personal services 78,474 74,729 3,745 54,686 Supplies and maintenance 19,629 25,191 (5,562) 24,014 Other services and charges 12,310 15,939 (3,629) 11,381 Travel and training 500 726 (226) 556 II Capital outlay 33,263 38,895 (5,632) 2,154 144,176 155,,480 11,304) 92,791 I Youth Needs and Opportunity Personal services 1,650 1,740 (90) 961 Supplies and maintenance 600 125 475 164 Other services and charges 150 132 18 187 I 2,400 1,997 403 1,312 I II -36- II II GENERAL FUND IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 5 1 1982 I ACTUAL (OVER) UNDER 1981 BUDGET ACTUAL BUDGET ACTUAL IICommunity Appearance Personal services - - - 226 1 Supplies and maintenance 1,500 1,551 (51) 1,286 Other services and charges 3,391 (3,391) 357 1,500 4,942 (3,442) 1,869 TOTAL CULTURE AND IIRECREATION 285,197 299,028 (13,831) 208,292 Health and Welfare I Community Counseling Center Personal services - - - 38,147 Supplies and maintenance - - - 1,478 II Other services and charges - - 11 -(11) 3,814 Travel and training 4,868 Contract services 30,000 30,000 - - 30,000 30,011 (11) 48,307 II Ambulance Supplies and maintenance - - - 8,236 11 Other services and charges - - - 651 Travel and training - - - 500 Contract services 9,500 8,900 600 - II9,500 8,900 600 9,387 Health and Welfare Supplies and maintenance - - - - II Other services and charges 4,000 3,332 668 9,872 4,000 3,332 668 9,872 TOTAL HEALTH AND IIWELFARE 43,500 42,243 1,257 67,566 TOTAL EXPENDITURES $2,678,582 $2,632,616 $45,966 $2,322,812 1 1 II II -37- 1 II WATER AND SEWER FUND 1 STATEMENT OF REVENUE AND EXPENSES - BUDGETED AND ACTUAL CITY OF FRIENDSWOOD, TEXAS IIYears ended September 30, 1982 and 1981 II 1982 ACTUAL (OVER) I UNDER 1981 BUDGET ACTUAL BUDGET ACTUAL 1 Operating revenues Water and sewer charges $1,014,000 $ 983,217 $ (30,783) $ 973,520 Fees and penalties 5,000 3,456 (1,544) 3,278 WCID #108 sewer fee 120,000 132,844 12,844 126,294 IClearwood Improvement District -sewer fee - 15,000 15,000 - Other income 13,000 369 (12,631) 6,204 1 TOTAL OPERATING REVENUES 1,152,000 1,134,886 (17,114) 1,109,296 II Operating expenses Water Department Personal services 118,104 130,213 (12,109) 75,973 Supplies and maintenance 64,600 79,880 (15,280) 62,713 II Other services and charges 57,569 54,793 2,776 62,369 Travel and training 1,550 343 1,207 1,134 241,823 265,229 (23,406) 202,189 1 Sewer Department Personal services 78,227 42,367 35,860 80,506 Supplies and maintenance 58,350 46,125 12,225 42,819 II Other services and charges 99,570 99,863 (293) 82,305 Travel and training 1,450 481 969 425 Waste disposal fees 335,000 311,433"/ 23,567 345,106 1 572,597 500,269 72,328 551,161 Depreciation - 339,251 (339,251) 120,539 1 TOTAL OPERATING EXPENSES 814,420 1,104,749 (290,329) 873,889 OPERATING REVENUES IIOVER EXPENSES 337,580 30,137 (307,443) 235,407 1 1 1 -38- I WATER AND SEWER FUND STATEMENT OF REVENUE AND EXPENSES - BUDGETED AND ACTUAL - 2 1 1982 ACTUAL OVER (UNDER) 1981 BUDGET ACTUAL BUDGET ACTUAL Non-operating revenue (expenses) Interest income - 30,697 30,697 31,257 Interest expense (168,125) (300,275) (132,150) (228,852) Bond cost amortization - (5,000) (5,000) (5,000) (168,125) (274,578) (106,453) (202,595) INCOME (LOSS) BEFORE OPERATING TRANSFERS 169,455 (244,441) (413,896) 32,812 Operating transfers in - 789,614 789,614 163,938 Operating transfers out (80,000) (223,978) (143,978) (89,808) 1 (80,000) 565,636 645,636 74,130 NET INCOME BEFORE EXTRAORDINARY ITEM 89,455 321,195 231,740 106,942 Extraordinary item Loss on abandoned sewer plant - 321,505 321,505 - NET INCOME (LOSS) $ 89,455 $ (310) $ (89,765) $ 106,942 1 1 1 1 I 1 -39- ,04, } } A, F. § ,,EIi5i�. ii,€55f, ! 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N§Ig �2giFili ££(+(£;i NM NM S — M OM EN MN NE NE MN NW NW NW ON NM NO NM NM 1 III III GENERAL LONG-TERN DEBT ACCOUNT GROUP III GENERAL LONG-TERM DEBT BY MATURITY DATE CITY OF FRIENDSWOOD, TEXAS September 30, 1982 III WATERWORKS AND SEWER WATERWORKS AND SEWER SYSTEM UNLIMITED TAX BONDS- SYSTEM UNLIMITED TAX BONDS- SERIES 1962 (GALVESTON SERIES 1963 (GALVESTON GENERAL OBLIGATION COUNTY WATER CONTROL AND COUNTY WATER CONTROL AND SEWER IMPROVEMENTS BONDS - REFUNDING BONDS- YEAR ENDING TOTAL IMPROVEMENT DISTRICT NO. 15) IMPROVEMENT DISTRICT NO. 15) SERIES 1967 SERIES 1969III SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST 1983 $ 107,000 $ 365,288 $ 6,750 $ 7,000 $3,506 $15,000 $ 3,465 $ 10,000 $ 7,450 1984 137,000 357,497 6,750 7,000 3,209 15,000 2,835 10,000 6,950 1985 157,000 347,628 6,750 7,000 2,911 15,000 2,205 10,000 6,450 1986 168,000 334,841 6,750 8,000 2,593 15,000 1,575 15,000 5,825 1987 183,000 321,029 6,750 8,000 2,252 15,000 945 15,000 5,075III 1988 199,000 305,694 6,750 9,000 1,891 15,000 315 15,000 4,325 1989 220,000 288,8I0 6,750 10,000 1,488 15,000 3,575 1990 240,000 270,641 6,750 10,000 1,062 15,000 2,825 1991 260,000 251,131 6,750 10,000 638 15,000 2,075 1992 284,000 229,313 6,750 10,000 212 14,000 1,350 1993 315,000 204,213 6,750 20,000 500 1994 340,000 175,405 6,750III 1995 375,000 143,729 $ 30,000 6,075 1996 420,000 107,375 30,000 4,725 1997 450,000 66,906 30,000 3,375 1998 205,000 39,201 35,000 1,913 1999 215,000 25,649 25,000 562 2000 535,000 191950III $-.-0 $4,535,000 $3,849,950 $150,000 597,650 $86,000 $19,762 $90,000 511,740 $154,000 $46,400 1 1) ') ill III III III I . 1 1 -42 III - z w .FnanmNn..00msNo S W ..�mn Man...-omoo= zmu m nn.o a F. a N R.mi.< ogog0000$goo$000 s m ci «wN.$,imeo.g«aroo0 r FA PA roi om�s .n r N N I Fm of ca,�h' is s o 0 00 V.m .n .�.1 C 2 d o i sqaa.o-0000r.o�ng.moo o�s� «o.`o.`:mnao.ew mNna �m oamuN... o m 1 .�a !. i 88888888°881888 0 00000000 Vzz ....N..o,..o..«.v«.+....v.v.+.v.own ,V; n:-'8.'488nM"28g.'2r8888] 2 cj) Vmj . BSS�oBSSS'S 8�' ag00000008osooa8 s 1 ^.w.nnaoe§.Nu.Ne§.§..§. oo.oe v pzp oc m 2 6 w m ay nm n oNNNNN.emn Me.as mo.^.�„Neok!n e r,8U NN�Y.a^3neeao.m..'^.4N..Q..n iiw� o000000 o�soSs0000g o� o00000000 611. 00000000!'N'!!oo!oa @$d m iiF , OYF1i NNN NO ON pi m O O O;O O O vd n r m P F. %mF H ..v <4t sssssss s Io; oNNNNNN �sdH oi„F ya i ea. o00000 00000E s V 0 0 0 0 0 E y y OH N N N N o — — 111111 — 1111 1111 1110 — — 1111 — 11111 1111 — 1111 — 1110 — — 1 II SCHEDULE OF INSURANCE IN FORCE CITY OF FRIENDSWOOD, TEXAS II September 30, 1982 II INSURER POLICY NO. COVERAGE AMOUNT FIRE 1 American Economy ME42-026-064 Fire, EC, V&MM Library $309,925 Bldg. Insurance Company Building 360,525 Contents 11 St. Paul Mercury 14ZRD5526 Fire, EC, V&MM Public $153,000 Bldg. Insurance Company Works Building 41,800 Contents II St. Paul Guardian 14ZEA1537 Fire, EC, V&MM Fire $220,000 Bldg. Insurance Company Station 24,000 Contents II 2,000 Antenna Aetna Insurance 61FP632692 Fire, EC, V&MM Blanket $363,500 , Company on all Building and Contents City Hall LIABILITYII St. Paul Insurance 542TG3159 Comprehensive General Company Liability $ 10,000 Auto Liab. II Comprehensive Auto Liability 300,000 BI Physical Damage 5,000 PD St. Paul Mercury 342ZD9007 Contractor's Equipment $119,573 II Insurance Company St. Paul Insurance 542TK8947 Open Stock Burglary $ 3,000 II Company Coverage on Public Works ' St. Paul Insurance 542TG6218 Comprehensive General $300,000 BI Liab. Company Liability on Fire 100,000/ IIDepartment Fleet 100,000 PD 25,000/ 50,000 BI Auto 10,000 PD II St. Paul Mercury 342ZE3350 Liability & Physical $300,000 BI Insurance Co. Damage - Boats & Equip. 5,000 PD 11 National Flood FL1932137639 Flood - Library Bldg. $163,400 Insurance - Contents 100,000 IINational Flood FL1940990565 Flood Pub. Wks. Bldg. $133,100 Insurance Contents 33,100 -44- I 1 I 1 CO-INSURANCE BEGINS TERM PREMIUM ' 80% 5-5-82 1 yr. $ 1,775 80% 4-10-82 1 yr. 2,219 80% 3-24-82 1 yr. 1,278 1 ' 90% 10-1-82 1 yr. 2,450 ' - 12-1-81 1 yr. 38,918 ' - 12-1-81 1 yr. 2,688 60% 8-2-82 1 yr. 118 7-2-82 1 yr. 6,210 8-8-82 1 yr. 200 ' - 8-3-82 1 yr. 508 1 - 2-6-82 1 yr. 137 ' -45- II II SCHEDULE OF INSURANCE IN FORCE - 2 II II INSURER POLICY NO. COVERAGE AMOUNT LIABILITY - continued II St. Paul Insurance 54ZT66218 General Liablity - Auto Company Bodily Injury $ 25,000II Property Damage 10,000 Each Occurance 50,000 National Security Fire II and Casualty VA30580 Auto Liability - excess on emergency vehicles Each Person $ 75,000II Each Accident 250,000 National Flood FLZ-001256227 Flood - Fire Station Bldg. $200,000 1 Insurance Contents 22,000 St. Paul Mercury 142RD5527 Fire, EC, V&MM - New Fire $ 80,000 II Insurance Company Station Bldg. St. Paul Mercury 142RD5528 Fire, EC, V&MM - Counseling Insurance Company Center Bldg. $ 25,000II Contents 10,000 National Flood FLZ001944988 Flood - Counseling Center 1 Insurance Bldg. $ 25,000 Contents 10,000 ACCIDENT 1 Hartford Accident and 61VP120259 Volunteer Firemen - Indemnity Company Accidental Death $ 25,000 Medical 15,000 Disability 7,800 WORKERS' COMPENSATION II TML Workers' A0478 Statutory II Compensation Fund FIDELITY !I St. Paul Mercury TX 2444 Notary Bond Company Aetna Casualty and 61S35126 Bond - Director of II Surety Company Finance $ 10,000 -46 II - I I I CO—INSURANCE BEGINS TERM PREMIUM I I - 7-2-82 1 yr. $ 6,210 I I - 12-1-81 1 yr. 1,805 I — 2-22-82 1 yr. 203 I — 4-16-82 1 yr. 1,457 I - 4-16-82 1 yr. 249 I - 4-27-82 1 yr. 245 I . I — 3-27-82 1 yr. 1,233 I I — 7-1-82 1 yr. 4,992 I — 2-4-81 4 yrs. 48 I — 6-15-82 1 yr. 35 I —47— 1 SCHEDULE OF INSURANCE IN FORCE - 3 INSURER POLICY NO. COVERAGE AMOUNT 11 FIDELITY - continued Aetna Casualty and Surety Company 61S22939 Bond - City Manager $ 10,000- Aetna Casualty and 61S33735 Bonds G. Calk $ 2,000 Surety Company 61S34037 V. Baily 2,000 Aetna Casualty and 61S35538 Bond - Building Inspector $ 2,000 Surety Company Aetna Casualty and 61S25187 Bond - Tax Assessor $ 50,000 1 Surety Company St. Paul Insurance 400FL8623 Blanket Bond $ 10,000 Company 1 I I 1 I I I -48- I I 1 CO—INSURANCE BEGINS TERM PREMIUM I 5-16-82 1 yr. $ 50 ' — 6-9-82 1 yr. 30 6-9-82 1 yr. 30 ' — 2-1-82 1 yr. 30 — 11-29-79 3 yrs. 463 — 10-1-82 1 yr. 233 1 t 1 1 ' —49—