HomeMy WebLinkAbout1986 09 30 Annual Comprehensive Financial Report - City of Friendswood 1
CITY OF FRIENDSWOOD, TEXAS
COMPREHENSIVE ANNUAL
iFINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1986
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CONTENTS'
Exhibit Page
IIINTRODUCTORY SECTION 7
Letter of Transmittal 9-15
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Organization Chart 16
Principal Officials 17
IFINANCIAL SECTION 19
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Accountants' Report 21
Combined Statements - Overview
("Liftable" General Purpose Financial Statements)
IICombined Balance Sheet - All Fund Types and
Account Groups 22-25
ICombined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
' Types 26-27
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
I General, Special Revenue and Debt Service
Fund Types 28-29
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Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balance -
Proprietary Fund Type and Similar Trust Fund 30-33
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Combined Statement of Changes in Financial Position -
Proprietary Fund Type and Similar Trust Fund 34-35
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Notes to Financial Statements 36-54
Individual Fund and Account Group
1 Statements and Schedules 55
General Fund 57
IComparative Balance Sheet A-1 58
Statement of Revenues - Budget and Actual A-2 59
IStatement of Expenditures - Budget and Actual -
By Function A-3 60
II Statement of Expenditures - Budget and Actual -
By Object A-4 61-65
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CONTENTS - 2
31
Exhibit Page
FINANCIAL SECTION (Continued) I
Individual Fund and Account Group
Statements and Schedules (Continued) II
Special Revenue Funds 67
Combining Balance Sheet B-1 68 I
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances B-2 69 II
Revenue Sharing Fund
Comparative Balance Sheet B-3 70 II
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-4 71 II
Parks and Recreation Fund
Comparative Balance Sheet B-5 72 1
Statement of Revenues, Expenditures and Changes IIin Fund Balance - Budget and Actual B-6 73
Mowing Fund
Comparative Balance Sheet B-7 74 II
Statement of Revenues, Expenditures and Changes IIin Fund Balance - Budget and, Actual B-8 75
Fine Arts Commission Fund
Comparative Balance Sheet B-9 76 II
Statement of Revenues, Expenditures and Changes B-10 77 II
in Fund Balance - Budget and Actual
Debt Service Fund 79
Comparative Balance Sheet C-1 80 II
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balance C-2 81 II
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CONTENTS - 3
IExhibit Page
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FINANCIAL SECTION (Continued)
Individual Fund and Account Group
Statements and Schedules (Continued) .
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Capital Projects Fund 83
IIComparative Balance Sheet D-1 84
Comparative Statement of Revenues, Expenditures
IIand Changes in Fund Balance D-2 85
Enterprise Fund 87
' Comparative Balance Sheet E-1 88-89
Statement of Revenues and Expenses -
' Budget and Actual E-2 90
Statement of Operating Expenses -
Budget and Actual E-3 91 I
Schedule of Revenue Bonds Payable E-4 93
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Revenue Bonds Payable - By Maturity Date E-5 94-95
Fiduciary Fund 97
IComparative Balance Sheet F-1 98
Comparative Statement of Revenues, Expenditures
IAnd Changes in Fund Balance F-2 99
General Fixed Assets Account Group 101
ISchedule of General Fixed Assets - By Source G-1 102
Schedule of General Fixed Assets - By Function
IIand Activity G-2 103
Schedule of Changes in General Fixed Assets -
IIBy Function and Activity G-3 104
General Long-Term Debt Account Group 105
IStatement of Changes in General Long-Term Debt H-1 106-107
Schedule of General Long-Term Debt H-2 109
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General Long-Term Debt - By Maturity Date H-3 110-112
Compound Bonds - Accrued Interest Schedule H-4 113
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CONTENTS - 4
Exhibit Page II
FINANCIAL SECTION (Continued) II
Individual Fund and Account Group
Statements and Schedules (Continued) IISchedules 115
Combined Schedule of Investments - All Funds I-1 116 II
Schedule of Delinquent Taxes Receivable I-2 117
STATISTICAL SECTION 119 II
General Revenue - By Source I 120-121
General Government Expenditures - By Function II 122-123 II
Tax Revenues - By Source III 125 II
Property Tax Levies and Collections IV 126-127
Assessed and Estimated Actual Value of I
Taxable Property V 128-129
Property Tax Rates and Tax Levies - II
All Overlapping Governments VI 130-133
Ratio of Net General Bonded Debt to Assessed Value IIand Net Bonded Debt Per Capita VII 134-135
Computation of Net Direct and Estimated
Overlapping Debt VIII 136 II
Computation of Legal Debt Margin IX 137
Ratio of Annual Debt Service Expenditures for II
General Bonded Debt to Total General Expenditures X 139
Schedule of Revenue Bond Coverage XI 140-141 I
Tax Rate Distribution for Debt Service XII 142
Principal Taxpayers XIII 143 II
Schedule of Insurance in Force XIV 144-147 II
Property Value, Construction and Bank Deposits XV 148
Miscellaneous Statistical Data XVI 149-151 I
Principal Officials XVII 152-153
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' INTRODUCTORY SECTION
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I RALPH L.LOWE
� di..\ M�tts Mayor
` 1 ' £?Lty
O • ANNEAND
9'ZLEn.c .UTOOty Councilmen
' `� HJIM HARRELL
109 WILLOWICK 7131482.3323 JAN JORDAN
f'i ► FRIENDSWOOD, TEXAS 77546-3898 PHYLLIS J.LEE
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{; EVELYN NEWMAN
7' JOE D.PRIHODA
1�l 'N ROBERT WICKLANDER
` �' DELORIS McKENZIE,CMC
�. 7.� ti
"1-=_-�—s City Secretary
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April 9, 1987
1 Honorable Mayor and Members of
the City Council of the City
of Friendswood
II Friendswood, Texas
The Comprehensive Annual Financial Report of the City of Friendswood, Texas, for the
II fiscal year ended September 30, 1986, is submitted herewith. This report was
prepared by the City's Finance Department. Responsibility for both the accuracy of
the presented data and the completeness and fairness of the presentation, including
all disclosures, rests with the City. We believe that data as presented is accurate
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in all material aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the City as measured by
the financial activity and results of operations of the City as measured by the
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financial activity of its various funds; and that all disclosures necessary to
enable the reader to gain the maximum understand of the City's financial activity
have been included.
IIThe Reporting Entity and Its Services
The City of Friendswood, Texas adopted a "Home Rule Charter" on October 16, 1971 .
II The charter provides for "City Council-City Manager" form of city government. The
City is located 20 miles southeast of downtown Houston in Harris and Galveston
Counties.
IIThe City provides its citizens with many services including City administration,
traffic planning, inspection services, municipal court services and a library.
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However, the services that affect most citizens on a day-to-day basis are described
as follows:
Water and Sewer - The City provides water and sewer services for all residents and
II commercial locations. The department maintains the system with a work force of
twelve employees.
II Fire - Although the City does not employ its own fire department, it has purchased
fire trucks and other additional equipment for the volunteer fire department. The
City employs a fire marshal and one fulltime fire fighter.
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Streets - The street department is responsible for the repair and maintenance of all
City streets. The department consists of ten employees.
Sanitation - The garbage pick-up is contracted with Best Waste Systems, Inc.
Parks - The City maintains five city parks and is responsible for the maintenance of
one additional park. The total of all these park areas is approximately seventy
acres. - t
Animal Shelter - The City employs an animal control officer and maintains an animal
shelter. The animal control officer is responsible for picking up all stray
animals. '
All funds and account groups of the City are included in this report. There is one
separately administered organization which is included as a component unit in '
accordance with NCGA Statement 3. This organization is the Blackhawk Regional Waste
Treatment Plant. The City's equity in this organization's operating fund is
included in the Enterprise Fund.
Internal Accounting and Budgetary Control
The financial statements were prepared in accordance with generally accepted
accounting principles prescribed by the National Council on Governmental Accounting
in its 1979 Statement 1 - Governmental Accounting and Financial Reporting Principles
and subsequent Statements and Interpretations (as adopted by the Governmental
Accounting Standards Board), and by the AICPA in its Industry Audit Guide entitled
"Audits of State and Local Governmental Units", as amended.
Governmental Funds (General Fund, Special Revenue Funds, Debt Service Fund, and
Capital Projects Funds) follow the modified accrual basis of accounting. Under this
method, revenues are recognized when they are both measurable and available and
expenditures are recognized when incurred.
The Proprietary Fund Types (Enterprise Fund and Non-Expendable Trust Fund) follow
the full accrual basis of accounting. Under this method, revenues are recognized at
the time they are earned and expenses are recognized when they are incurred.
Transfers are recognized in the accounting period in which the interfund receivable
and payable arise. '
In developing and evaluating the City's accounting system, consideration is given to
the adequacy of internal accounting controls. Internal accounting controls are
designed to provide reasonable, but not absolute, assurance regarding (1) the
safeguarding of assets against loss from unauthorized use or disposition and (2) the
reliability of financial records for preparing financial statements and maintaining
accountability for assets. The concept of reasonable assurance recognizes that (1)
the cost of controls should not exceed the benefits expected to be derived and (2)
the evaluation of costs and benefits requires estimates and judgements by
management. '
We believe that the City's accounting controls provide reasonable assurance that
errors or irregularities that could be material to the financial statements are
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prevented or would be detected within a timely period by employees in the normal
IIcourse of performing their assigned functions.
Budgeting is an essential element of the financial planning, control and evaluation
II processes of the City. The City requires that an annual budget be authorized by the
City Council before the budget period begins. This process provides for the initial
financial planning of the budget year. Interim budget reports are prepared during
the budget period to facilitate legislative oversight of governmental fund financial
IIoperations as well as management control.
General Government Functions
IRevenues for general government functions (General, Special Revenue and Debt Service
Funds) totaled $5,643,689, in 1985-86, an increase of 20.06% over 1984-85. General
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property taxes produced 67.80% of the general revenues compared to 59.99% of the
preceding year. Sales taxes produced 8.57% of the general revenues compared to
7.67% of the preceding year. The amount of revenue from various sources and the
increase or (decrease) over the preceding year are shown in the following
Itabulation:
Increase
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Revenue Sources 1985-86 Percent (decrease)
Amount of Total Over 1984-85
II General property taxes $3,826,171 67.80 $507,022
Business gross receipts taxes 352,186 6.24 79,002
General sales taxes 483,629 8.57 59,131
Other taxes 1 ,106 .02 (273)
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Sanitation 470,177 8.33 (62,524)
Intergovernmental 124,114 2.20 (411 ,841)
Fines and forfeits 120,195 2.13 (18,107)
II Licenses and permits 148,740 2.63 10,666
Interest income 88,521 1 .57 (39,388)
Other revenue 28,850 .51 (12,701)
1 TOTAL $5,643,689 100.00% $110,987
I Assessed valuations of $645,891 ,660 represented an increase of 7.85% over the
preceding year. Assessed valuations are at 100% of market value as determined by
the Galveston County and Harris County Appraisal Districts. The assessed tax levy
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at October 1 , 1985, relating to the fiscal year 1985-86 was $3,870,699, an increase
of 15.60% over the tax levy at October 1 , 1984. Current tax collections were 95.10
of tax levy, down 1 .30% from last year.
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Delinquent tax collections were $112,025 and represented 2.95% of total collections.
The relation of total collections (current and delinquent) to the current tax levy
was 97.98%, an increase of 1 .68% from last year. Allocations of property tax levy
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by purpose for 1985-86 and the preceding two fiscal years are as follows (amount per
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$100 of assessed value) :
Purpose 1985-86 1984-85 1983-84 IIGeneral Fund $.5192 $.507 $.502
General Obligation Debt .1903 .213 .218
TOTAL TAX RATE $.7095 $.720 $.720 I
Expenditures for general government purposes totaled $16,212,934, an increase of II
$11,395,446 over 1984-85. Increases or (decreases) in the levels of expenditures
for major functions of the City for the preceding year are shown in the following
tabulation: I
Increase
1985-86 Percent (Decrease)
Function Amount of Total Over 1984-85 II
General Government $ 1,221 ,176 7.53% $ 267,090
Public Safety 1 ,737,503 10.72 348,743 IIPublic Works 723,779 4.46 200,126
Sanitation 484,851 2.99 (27,653)
Culture and Recreation 453,408 2.80 79,996
Health and Welfare 78,966 .49 11 ,047 '
Debt Service 11 ,676,872 71 .01 10,679,758
TOTAL $16,376,555 100.00% $11 ,559,107 II
The following reasons are cited for major fluctuations in expenditures in various IIdepartments:
General Government: Annexation of WCID #108, increase in Insurance, and Tax
Service and appraisal fees.
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Public Safety: Annexation of WCID #108, purchase of new fire truck and
firefighting equipment totaling $149,992. II
Public Works: First year contribution to Clear Creek Drainage District for flood
control.
Debt Service: Refunding of debt through Refunding Bond - Series 1986. II
It should be noted that all increases were planned for and properly budgeted.
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Unreserved fund balances in the major operating funds were maintained at budgeted
levels. The General Fund balance of $55,582 was down $207,663 from the preceding
year; the Debt Service Fund balance of $430,288 was up $229,475 from the preceding11
year; the Capital Projects Fund balance of $(216,639) was down $228,798 from the
prior year; and Special Revenue Fund balance of $33,317 was up $52,638 from the
prior year. 1
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Debt Administration
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The ratio of net bonded debt to assessed valuation and the amount of bonded debt per
capita are useful indicators of the City's debt position to municipal management,
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citizens, and investors. These data for the City of Friendswood at the end of the
1985-86 fiscal year were as follows:
I Ratio of Debt to
Assessed Value Debt
(100% of Per
Description Amount Present Market) Capita
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Net direct bonded debt* $10,440,397 1 .6% $457
Overlapping debt 10,517,414 1 .7 467
ITotal direct and overlapping debt $20,957,811 3.3% $924
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* Tax supported debt only
Total outstanding tax supported debt (general obligation bonds, Capital Leases,
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Employee Benefits Payable, and certificates of obligation) at September 30, 1986
totaled $10,870,685. Debt service funds in the amount of $430,288 were available at
September 30, 1986.
1 Water and Sewer
The City's water and sewer utility increased its profitability by 483.33% from
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1984-85 to 1985-86. Comparative data for the past two fiscal years are presented as
follows:
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1985-86 1984-85
Operating revenues $4,223,572 $2,104,796
IOperating expenses
(including depreciation) 1 ,874,566 1 ,641,891
Operating income 2,349,006 462,905
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Other income/(expense) 40,247 9,283
Net income before
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operating transfers 2,389,253 472,188
Operating transfers (net) (346,503) (122,000)
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NET INCOME $2,042,750 $ 350,188
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Median number of water and customers 6,367 5,200
Average water and sewer charge per month $37 $32
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The reason for the unusual increase was primarily due to recognition of $1 ,200,000 in
advanced tap fees as revenue during the year.
Cash Management
Cash temporarily idle during the year was invested in Certificates of Deposit
ranging from 30 to 90 days to maturity. Yields on Certificates of Deposit ranged
from 5.25% to 8.00% during the year ended September 30, 1986. '
Interest earned for the year was $216,746, down $14,248 from the preceding year.
Past Years Operations and Future Projections 1
The City completed several water, sewer, and drainage expansion and improvement
contracts, including the Briar/Mills water and sewer lines, and the upgrades on
Water Plant #5. The City of Friendswood and Galveston COunty have jointly committed
$50,000 each year for the next year to assist the Clear Creek Drainage District in
implementing Chigger and Cowarts Creeks Flood Control study's plan of action. '
This past year was the second year of a planned seven-year street improvement
program which envisions the improvement of all city streets without utilizing and
debt financing.
Revenue Sharing funds were used to purchase additional data processing hardware and
software in a continuation of the four-year computerization plan initiated in the
prior year. The financial applications were completed. Budget preparation,
spreadsheet analysis, data base management, PC support and electronic mail/
calendaring applications were implemented. Word processing application was
upgraded. Fixed assets, project accounting, service orders, police data base
management reporting and court scheduling/ reporting are scheduled to be implemented
in the near future. Additional display stations and printers were purchased as well
as personal computers. Disk storage capacity was increased by 100 percent.
In conjunction with three other governmental entities, the City of Friendswood has
funded the Blackhawk Wastewater Treatment Plant expansion which will provide an
increase in sewage treatment capacity for its present and future needs. This
expansion will allow a population increase to 46,000 people for the City of
Friendswood. At the present population level of approximately 22,500, this expanded
capacity will equate to more than 100 gallons of sewage capacity per person per day.
Independent Audit
The City Charter requires an annual audit of the financial statements of all of the
various funds of the City by a certified public accountant selected by the City
Council. The requirement has been complied with and the auditors' opinion has been
included in this report.
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Certificate of Achievement for Excellence in Financial Reporting
The Government Finance Officers Association of the Untied States and Canada (GFOA)
awards a Certificate of Achievement for Excellence in Financial Reporting to
governmental units for their comprehensive annual financial report.
In order to be awarded a Certificate of Achievement for Excellence in Financial
' Reporting, a governmental unit must publish an easily readable and efficiently
organized comprehensive annual financial report, whose contents conform to program
standards. Such reports must satisfy both generally accepted accounting principles
' and applicable legal requirements.
A Certificate of Achievement for Excellence in Financial Reporting is valid for a
period of one year only. We believe our current report conforms to Certificate of
' Achievement for Excellence in Financial Reporting requirements, and we are
submitting it to GFOA to determine its eligibility for a certificate.
' Acknowledgements
The preparation of this report was accomplished with the efficient and dedicated
services of the entire staff of the Finance Department. I express my appreciation
' to all members of the department who assisted and contributed to its preparation. I
also thank your office, the members of the City Council, and the City Manager for
all of your inteest and support in planning and conducting the financial operations
' of the City in a responsible and progressive manner.
Respectfully submitted,
dr, ./ ,t4L
Lynn Bucher
Acting Finance Officer
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❑RGANIZATION CHART
CITY OF F-RIENDSWOOD, TEXAS
Appointed Boards H Volunteer Fire Department
President
Ad Hoc Commees , r Fire Chief Copan-tees Ambulance Chief
L Mayor & CouncilH J
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Fireman
= i 111•1•1 ••••=•••• M MII •IIIMMINI •
Crty Secretary
Municipal Judgt -- -
„t 1 City Manager
rn
Director of Director of Director of Chief
Library Public Fire Marshal Fireman Adminstrat►ve Court Clerk of ConnunIcatt s
or
Services Works Services Police �+PK
Parks Vater/Sewer, Accounting Criminal
Streets A
Re tec.
Water Building Personnel Data Humane
& Inspections Processing
Sewer
® ® NE OM NM NM NM MI MN I I I IIIIII M IIIIIII NM MI 1111111 UM
PRINCIPAL OFFICIALS
CITY OF FRIENDSWOOD, TEXAS
' September 30, 1986
MAYOR
Ralph L. Lowe
tPosition No. 1 Position No. 4
Jim Harrell Phyllis J. Lee
Mayor Pro Tem
' Councilman Councilman
Position No. 2 Position No. 5
Robert Wicklander Jan Jordan
' Councilman PoCouncilman 6
Position No. 3sition
Evelyn B. Newman Joe D. Prihoda
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Acting City Manager
IMelvin M. Meinecke
City Secretary Tax Assessor
Deloris McKenzie Alta Carbone
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Acting Finance Officer
Lynn Bucher
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IFINANCIAL SECTION
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' PADGITT AND LOCHRIDGE
CERTIFIED PIJRI.!C ACCOUNTANTS
711 W. BAY AREA BLVD. • SUITE 200
1 WEBSTER, TEXAS 77598
J. KENNETH PADGITT, CPA TELEPHONE
(713)480-8882
Honorable Mayor and Members of CityCouncil
Y
' City of Friendswood, Texas
I have examined the general purpose financial statements of the City of
Friendswood, Texas, and the combining, individual fund, and account group
' financial statements of the City as of and for the year ended September 30,
1986, as listed in the table of contents. My examination was made in
accordance with generally accepted auditing standards and, accordingly,
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included such tests of the accounting records and such other auditing
procedures as I considered necessary in the circumstances.
In my opinion, the general purpose financial statements referred to above
' present fairly the financial position of the City of Friendswood, Texas, at
September 30, 1986, and the results of its operations and the changes in
financial position of its proprietary fund type for the year then ended, in
t conformity with generally accepted accounting principles applied on a basis
consistent with that of the preceding year. Also, in my opinion, the
combining, individual fund, and account group financial statements referred to
t above present fairly the financial position of each of the individual funds
and account groups of the City of Friendswood, Texas, at September 30, 1986,
and the results of operations of such funds and the changes in financial
position of the proprietary fund for the year then ended, in conformity with
t generally accepted accounting principles applied on a basis consistent with
that of the preceding year.
' My examination was made for the purpose of forming an opinion on the general
purpose financial statements taken as a whole and on the combining, individual
fund, and individual account group financial statements. The accompanying
financial information listed in the table of contents as supporting schedules
' is presented for purposes of additional analysis and is not a required part
of the financial statements of the City of Friendswood, Texas. Such
information has been subjected to the auditing procedures applied in the
' examination of the general purpose, combining, individual fund, and individual
account group financial statements and, in my opinion, is fairly stated in all
material respects in relation to the financial statements of each of the
respective individual funds and account groups, taken as a whole.
' Webster, Texas
March 12, 1987
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 1 of 2
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CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 1
GOVERNMENTAL FUND TYPES 1
SPECIAL DEBT CAPITAL
ASSETS GENERAL REVENUE SERVICE PROJECTS
0‘,7(,7t,. ^ it- 13 �' 30;u° 59 51
CASH - including certificates al
of deposit $ 21 ,586 $79,267 $438,547 $ 29,467
RECEIVABLES - net where applicable,
of allowances for uncollectibles
Property taxes 235,396 92,885
Accounts 108,454 7,113
Grantor agencies 3,314 200,000
Interest
DUE FROM OTHER FUNDS - Note 3 218,486
PREPAID EXPENDITURES AND
OTHER ASSETS 18,910
RESTRICTED ASSETS
Cash - including certificates of is)
deposit 11,278��''
Land
Blackhawk operating fund equity
GENERAL FIXED ASSETS - at cost 1
PROPERTY, PLANT AND EQUIPMENT -
at cost less accumulated
depreciation - Note 6
AMOUNT AVAILABLE IN DEBT
SERVICE FUNDS '
AMOUNT TO BE PROVIDED FOR
RETIREMENT OF GENERAL
LONG-TERM DEBT
TOTAL ASSETS $606,146 $97,658 $531 ,432 $229,467
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PROPRIETARY FIDUCIARY TOTALS
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FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY)
NON- GENERAL GENERAL
EXPENDABLE FIXED LONG-TERM
IIENTERPRISE TRUST ASSETS DEBT 1986 1985
41, 4?,/ j z l9 W
$ 188,739 $ 757,606 $ 926,937
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328,281 237,699
469,134 584,701 423,288
203,314 18,946
II3,400 3,400 9,157
218,486 708
II18,910 10,979
I1 ,415,928 $18,935 1 ,446,141 1 ,638,904
57,200 57,200 57,200
I43,871 43,871
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$11 ,985,709 11 ,985,709 9,731 ,382
I19,000,327 19,000,327 16,078,696
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$ 430,288 430,288 200,813
I10,440,397 10,440,397 7,845,187
$21 ,121,399 $76,135 $11 ,985,709 $10,870,685 $45,518,631 $37,179,896
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See accompanying notes to financial statements.
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2 of 2
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GOVERNMENTAL FUND TYPES '
SPECIAL DEBT CAPITAL
LIABILITIES AND FUND EQUITY GENERAL REVENUE SERVICE PROJECTS
LIABILITIES
ACCOUNTS PAYABLE AND ACCRUED
EXPENSES $296,258 $ 425 $246,106
PAYABLE FROM RESTRICTED ASSETS
Accrued interest
Revenue bonds - current portion
Deposits
DUE TO OTHER FUNDS - Note 3 $ 4,670 200,000
DEFERRED REVENUE 235,396 96,474
LEASE OBLIGATION
REVENUE BONDS
GENERAL OBLIGATION BONDS AND
CERTIFICATES OF OBLIGATION '
TOTAL LIABILITIES 531 ,654 101,144 446,106
FUND EQUITY
BLACKHAWK OPERATING FUND
CONTRIBUTED CAPITAL
INVESTMENT IN GENERAL FIXED
ASSETS
RETAINED EARNINGS
Reserved for revenue bond
retirement
Reserved for construction
Unreserved
FUND BALANCES
Reserved for prepaid expenses 18,910
Reserved for endowments
Reserved for parks 9,955
Reserved for programs 1 ,323
Unreserved (deficit)
Designated for construction (216,639)
Designated for debt service 430,288
Undesignated 55,582 85,955
TOTAL FUND EQUITY 74,492 97 233 430,288 (216,639)
TOTAL LIABILITIES
AND FUND EQUITY $606,146 $97,658 $531,432 $229,467 '
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PROPRIETARY FIDUCIARY TOTALS
I FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY)
NON- GENERAL GENERAL
EXPENDABLE FIXED LONG-TERM
ENTERPRISE TRUST ASSETS DEBT 1986 1985
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$ 122,036 $ 161 ,915 $ 826,740 $ 552,056
6,704 6,704 7,875
II 125,000 125,000 120,000
67,023 67,023 72,740
13,816 21$,486 708
331,870 1,432,879
' 57,992 57,992 -
1 ,245,000 1 ,245,000 1,370,000
II 10,650,778 10,650,778 8,046,000
1 ,579,579 10,870,685 13,529,593 11 ,602,258
1 43,871 43,871 -
14,766,347 14,766,347 12,551 ,492
II $11 ,985,709 11 ,985,709 9,731 ,382
II 307,393 307,393 266,132
1,873,857 1 ,873,857 377,409
2,550,352 2,550,352 2,045,311
1 18,910 10,979
$67,200 67,200 67,200
9,955 10,034
' 1 ,323 42
(216,639) 12,159
430,288 200,813
II 8,935 - 1507472 304,685
19,541,820 76,135 11 ,985,709 31,989,038 25,577,638
I
$21,121,399 $76,135 $11 ,985,709 $10,870,685 $45,518,631 $37,179,896
11 See accompanying notes to financial statements.
I
II -25-
:I
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL GOVERNMENTAL FUND TYPES 11
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985 II
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL IIGENERAL REVENUE SERVICE PROJECTS
REVENUES
Taxes $3,632,321 $1 ,030,771 IICharges for services 470,177
Fines and forfeitures 120,195
Licenses and permits 148,740
Intergovernmental 63,286 $ 60,828 $408,883 II
Interest 56,155 3,060 29,306 4,849
Insurance settlements 1 ,938
Other revenues 18,502 8,410 112 IITOTAL REVENUES 4,511 ,314 72,298 1 ,060,077 413,844
EXPENDITURES IICurrent
General government 1 ,221 ,176
Public safety 1 ,737,503
Public works 718,312 5,467 1 ,692,833 II
Sanitation 484,851
Culture and recreation 447,889 5,519
Health and welfare 78,966 IIDebt service
Principal retirement 10,516,427 `-'
Interest and fiscal charges 579,859
Bond insurance 127,273 ` II
-
Bond discounts 191,714
Other bond refunding expenses 261,599✓
TOTAL EXPENDITURES 4,688,697 10,986 11 ,676,872 1 ,692,833 II
REVENUES OVER
(UNDER) EXPENDITURES (177,383) 61 ,312 (10,616,795) (1 ,278,989) IIOTHER FINANCING SOURCES
Refunding bonds - Series 1986 10,650,778/
Transfers (annexation WCID #108) 336,397 195,492 II
Residual equity transfers 195,000
Operating transfers in 558,383 9,000 1 ,050,191
Operating transfers out (1,254,599) (16,472) IITOTAL OTHER FINANCING
SOURCES (USES) (164,819) (7,472) 10,846,270 1 ,050,191
REVENUES AND OTHER SOURCES II
OVER (UNDER) EXPENDITURES (342,202) 53,840 229,475 (228,798)
FUND BALANCE AT
BEGINNING OF YEAR 416,694 43,393 200,813 12,159 II
FUND BALANCES AT
END OF YEAR $ 74,492 $ 97,233 $ 430,288 $(216,639) II
-26- See accompanying notes
II
II
II
TOTALS
(MEMORANDUM ONLY)
I1986 1985
$4,663,092 $4,018,210
II
470,177 532,701
120,195 138,302
148,740 138,074
I
532,997 637,157
93,370 128,409
1,938 11 ,611
I27,024 29,940
6,057,533 5,634,404
II 1 ,221 ,176 954,086
1 ,737,503 1 ,388,760
2,416,612 1 ,449,019
484,851 512,504
453,408 373,412
78,966 67,919
II10,516,427 377,608
579,859 619,506
II 127,273/ -
191 ,714
261,599'
II18,069,388 5,742,814 (,(,0
(12,011 ,855) (108,410)
II
10,650,778 -
' 531,889
195,000 -
1,617,574 796,348
(1 ,271,071) (855,990)
II11 ,724,170 (59,642)
I (287,685) (168,052)
I673,059 698,641
II
$ 385,374 $ 530,589
I
to financial statements. -27-
:I
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGETED AND ACTUAL - GENERAL, SPECIAL 11
REVENUE AND DEBT SERVICE FUND TYPES
CITY OF FRIENDSWOOD, TEXAS I
Years ended September 30, 1986 and 1985
GENERAL FUND II
VARIANCE -
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) IIREVENUES
Taxes $3,527,000 $3,632,321 $105,321
Charges for services 504,711 470,177 (34,534)
Fines and forfeitures 145,000 120,195 (24,805) II
Licenses and permits 171 ,000 148,740 (22,260)
Intergovernmental 36,000 63,286 27,286
Interest 70,000 56,155 (13,845)
Insurance settlements - 1 ,938 1 ,938 II
Other revenues 5,000 18,502 13,502
TOTAL REVENUES 4,458,711 4,511 ,314 52,603 I
EXPENDITURES
Current IIGeneral government 1 ,125,391 1 ,221 ,176 (95,785)
Public safety 1 ,764,581 1 ,737,503 27,078
Public works 735,749 718,312 17,437 '
Sanitation 490,711 484,851 5,860
Culture and recreation 456,679 447,889 8,790
Health and welfare 69,500 78,966 (9,466)
Debt serviceII
Principal, interest and fees
TOTAL EXPENDITURES 4,642,611 4,688,697 (46,086) '
REVENUES OVER
(UNDER) EXPENDITURES (183,900) (177,383) 6,517 '
OTHER FINANCING SOURCES (USES)
Refunding bonds - Series 1986
Transfers (annexation WCID #108) 336,397 336,397 -
Residual equity transfers 195,000 195,000 -
Operating transfers in 558,383 558,383 -
Operating transfers out (940,908) (1 ,254,599) (313,691) IITOTAL OTHER FINANCING
SOURCES (USES) 148,872 (164,819) (313,691)
REVENUES AND OTHER SOURCESII
OVER (UNDER) EXPENDITURES (35,028) (342,202) (307,174)
FUND BALANCE AT
II
BEGINNING OF YEAR 416,694 416,694 -
FUND BALANCES AT
END OF YEAR $ 381 ,666 $ 74,492 $(307,174) II
-28II-
II
II
I SPECIAL REVENUE FUNDS VARIANCE - DEBT SERVICE FUND
VARIANCE -
FAVORABLE FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE)
I .
$1,035,000 $1 ,030,771 $ (4,229)
I
$ 60,600 $ 60,828 $ 228
' 3,060 3,060 20,500 29,306 8,806
9,000 8,410 (590)
11 69,600 72,298 2,698 1 ,055,500 1 ,060,077 4,577
I
4,000 5,467 (1 ,467)'
14,000 5,519 8,481
I1,254,240 11,676,872 (10,422,632)
18,000 10,986 7,014 1 ,254,240 11 ,676,872 (10,422,632)
II
51 ,600 61 ,312 9,712 (198,740) (10,616,795) (10,418,055)
II
10,650,778 10,650,778
II198,740 195,492 (3,248)
9,000 9,000 -
(16,472) (16,472) -
I (7,472) (7,472) - 198,740 10,846,270 10,647,530
I44,128 53,840 9,712 - 229,475 229,475
II43,393 43,393 - 200,813 200,813 -
I
$ 87,521 $ 97,233 $9,712 $ 200,813 $ 430,288 $ 229,475
See accompanying notes to financial statements.
II
-29-
:I
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS/FUND BALANCE 11
-
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND 1 of 2
CITY OF FRIENDSWOOD, TEXAS I
Year ended September 30, 1986
PROPRIETARY FIDUCIARY IIFUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST IIOperating revenues
Water and sewer sales and services $4,142,130
WCID #108 sewer fee 31,863 II
Fees and penalties 7,734
Other 41,845
4,223,572 ,
Operating expenses
Water department
Personal services 240,972 II
Supplies 29,424
Other services and charges 153,940
Maintenance 132,973 II557,309
Sewer department
Personal services 137,289II
Supplies 14,855
Other services and charges 118,971
Maintenance 165,517
Waste disposal fees 341,364
777,996
OPERATING INCOME IIBEFORE DEPRECIATION 2,888,267
Depreciation 539,261
OPERATING INCOME 2,349,006
Non-operating revenues (expenses) II
Interest revenue 123,376 $ 812
Intergovernmental revenue - -
Interest expense (83,129) -
40,247 812 II
INCOME BEFORE
OPERATING TRANSFERS 2,389,253 812
Operating transfers in 195,408 II
-
Operating transfers out (541,911) -
(346,503) -
I
NET INCOME 2,042,750 812
II
-30-
II
II
II
II
TOTALS
II (MEMORANDUM ONLY)
1986 1985
II
$4,142,130 $2,002,974
II 31,863 95,932
7,734 5,001
41,845 889
4,223,572 2,104,796
II
II 240,972 160,084
29,424 28,847
153,940 139,511
I132,973 39,655
557,309 368,097
' 137,289 115,142
14,855 11,455
118,971 142,977
I
165,517 136,826
341,364 419,212
777,996 825,612
I 2,888,267 911 ,087
539,261 448,182
2,349,006 462,905
II124,188 102,585
- 500
(83,129) (92,475)
41,059 10,610
2,390,065 473,515
II195,408 -
(541,911) (122,000)
II (346,503) (122,000)
2,043,562 351 ,515
IISee accompanying notes to financial statements.
II
i
-31-
I
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS/FUND BALANCE 11
-
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND 2 of 2
1
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST
Retained earnings/fund balance at
beginning of year 2,688,852 75,323
RETAINED EARNINGS/FUND BALANCE
AT END OF YEAR $4,731 ,602 $76,135
I
1
I
I
1
I
I
1
-32-
I
1
I
TOTALS
(MEMORANDUM ONLY)
1986 1985
2,764,175 2,412,660
I $4,807,737 $2,764,175
I
I
I
I
I
I
I
I
See accompanying notes to financial statements.
I
I
I -33-
:I
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND11
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985 1
PROPRIETARY FIDUCIARY IIFUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST IISOURCE OF WORKING CAPITAL
Operations
Net income $2,042,750 $ 812 II
Expenses not requiring current outlay of
financial resources
Depreciation 539,261 - IIWorking capital provided from operations 2,582,011 -812
Contributed capital - WCID #108 2,409,855 -
4,991,866 ---N12 II
USES OF WORKING CAPITAL
Equity transfers out 195,000 -
Acquisition of property, plant and equipment 3,460,892 - II
2
Retirement of long-term debt 120000 -
3,775,892 -
INCREASE (DECREASE) IN WORKING CAPITAL $1,215,974 $ 812 I
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING IICAPITAL
Cash - restricted and unrestricted $ (40,686) $ 812
Accounts receivable 91 ,974 - I
Accrued interest income (5,757) -
Due from other funds (601) -
Accounts payable (16,310) -
Customer meter deposits 5,717 - II
Deferred tap revenues 1 ,200,000 -
Due to other funds (13,816) -
Accrued expenses (including interest) (4,547) - I
INCREASE (DECREASE) IN WORKING CAPITAL $1 ,215,974 $ 812
II
II
1
-34- '
II
II
I
TOTALS
I
(MEMORANDUM ONLY)
1986 1985
I
II
$2,043,562 $ 351 ,515
539,261 448,182
I
2,582,823 799,697
2,409,855 -
' 4,992,678 799,697
195,000 190,000
II
3,460,892 878,562
120,000 120,000
3,775,892 1 ,188,562
II $1 ,216,786 $ (388,865)
I
$ (39,874)4 $ 491 ,119
91 ,974 188,620
I
(5,757) 5,272
(601) 115
(16,310) 33,377
I
5,717 2,838
1 ,200,000 (1 ,200,000)
(13,816) 85,693
t (4,547) 4,101
$1,216,786 $ (388,865)
IISee accompanying notes to financial statements.
I
1
I
I
-35-
I
NOTES TO FINANCIAL STATEMENTS
CITY OF FRIENDSWOOD, TEXAS 11
September 30, 1986
1. ORGANIZATION
The city of Friendswood, Texas was incorporated and adopted a Home Rule Charter
on October 15, 1960. The charter provided for a Mayor-Council form of city
government. This was amended on October 16, 1971 to provide for a City
Council-City Manager form of city government. '
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS '
The City of Friendswood's accounts are organized on the basis of funds and
account groups, each of which is considered a separate accounting entity.
The operations of each fund are accounted for by providing a separate set of
self-balancing accounts that comprise its assets, liabilities, fund equity,
revenues and expenditures or expenses. Government resources are allocated
to and accounted for in individual funds based upon the purposes from which
they are to be spent and the means by which spending activities are con-
trolled. The City uses six funds and two account groups described below:
GOVERNMENTAL FUND TYPES
General Fund 1
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, sales and use taxes, charges for sanitation
services, franchises, permits, and fines and forfeitures. Primary expend-
itures are for general government, public safety, public works, sanitation,
culture and recreation, and health and welfare. ,
Debt Service Fund
The Debt Service Fund is used to account for the payment of principal and
interest on all general long-term debt of the city. The primary source of
revenue for debt service is general property taxes.
Special Revenue Funds
The Special Revenue Funds are used to account for Revenue Sharing entitle-
ments
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 this fund and capitalized in either the Water and Sewer
Fund or General Fixed Assets Group of Accounts. They are also used to
account for Parks and Recreation rental, mowing revenues and fine arts
programs. '
-36- 1
NOTES TO FINANCIAL STATEMENTS - 2
A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS (Continued)
' Capital Projects Fund
The Capital Projects Fund is used to account for the receipt and expendi-
ture of resources used for acquisition and construction of major capital
facilities. The principal resources of the Capital Projects Fund are grants,
certificates of obligation, long-term debt and interfund transfers.
PROPRIETARY FUND TYPE
' Enterprise Fund
The Enterprise Fund is established to account for operations of the Water
and Sewer Department and the construction of related facilities. The fund
' is intended to be self-supporting through user charges.
FIDUCIARY FUND TYPES
Trust Fund
' The Trust Fund is 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 Fund) is 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.
ACCOUNT GROUPS
General Fixed Assets Account Group
The General Fixed Assets Account Group is used to account for the Cityts
land, buildings, improvements, and equipment except those recorded in the
Enterprise Fund or held in Trust. Such assets are acquired by transfer
from other funds and are recorded at cost. No depreciation is recorded on
these assets.
' General Long-Term Debt Account Group
The General Long-Term Debt Account Group is used to account for general
obligation bonds and certificates of obligation (excluding liabilities of
the Enterprise Fund) .
' -37-
NOTES TO FINANCIAL STATEMENTS - 3
11
B. MEASUREMENT FOCUS 11
Governmental (General, Special Revenue, Debt Service, and Capital 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 provides an indication
of available spendable or appropriable resources. Operating statements for
governmental fund types report increases and decreases in available spendable
resources.
Proprietary (Enterprise) fund types are accounted for on an "income deter-
mination" or "cost of services" measurement focus. Accordingly, all assets
and all liabilities are included in their balance sheets, and the reported
fund equity provides an indication of the economic net worth of the fund.
Operating statements for proprietary fund types report increases and
decreases in total economic net worth. ,
Fiduciary funds are accounted for as either governmental or proprietary,
depending upon their nature. Non-expendable trust funds are accounted for
as proprietary fund types. '
C. BASIS OF ACCOUNTING
MODIFIED ACCRUAL BASIS OF ACCOUNTING '
All governmental funds and Non-Expendable Trust Funds are accounted for
using the modified accrual basis of accounting. Their revenues are recog-
nized in the accounting period in which they become measurable and available
as net current assets. Property taxes levied for the current fiscal year are
"available" and are recognized as revenue at that time, even though col-
lectible
in the period subsequent to levy, if (1) their ultimate collect-
ibility is reasonably assured, net of reasonably estimated losses and (2)
they are collected within sixty (60) days to finance current period expend-
itures.
Intergovernmental revenue in the Special Revenue Funds are suscep-
tible to accrual under the modified accrual basis of accounting.
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred.
The treatment of specific revenue and expenditures items is described below:
(1) General property taxes are recorded when they become available for
current period expenditures. Property taxes receivable that are not
currently available have been recorded as deferred revenues at
September 30, 1986.
(2) Insurance premiums are charged to expenditures when paid. 1
-38-
NOTES TO FINANCIAL STATEMENTS - 4
C. BASIS OF ACCOUNTING (Continued)
(3) Sick pay is accrued, and one half of any cumulative sick pay is pay-
able to the employee upon termination. Unpaid vacation is recorded as
' it accrues and cannot be carried forward to the following year without
City Manager approval. Amounts accrued in these financial statements
represent the unused portion of vacation at September 30, 1986. Lon-
gevity begins to accumulate after one year of employment, and is paid
each December. Vacation and Longevity are considered current and there-
fore are accrued totally in the General and Enterprise Funds. General
' Fund accruals for sick pay represent only those amounts considered
current, the balance being accrued in General Long-Term Debt. As of
September 30, 1986, accrued sick pay, vacation and longevity pay were
as follows:
' Fund Sick Pay Vacation Lon evit Total
General Fund $ 13,404 V7777 8,872 $ 59,349
Enterprise Fund 13,376 2,632 2,600 18,608
$ 26,780 $ 39,705 $ 11,472 $ 77,957
' (4) Principal and interest on general long-term debt is recognized when
due.
' (5) Supplies inventories are charged to expenditures when purchased.
(6) Franchise fees, fines, licenses and permits, and sales tax are recog-
nized when received. Sanitation fees and Revenue Sharing entitlements
are recorded when earned.
(7) Investment earnings are not accrued in the governmental fund types and
' Non-expendable Trust and Agency Funds. Earnings are recorded upon
maturity of investments. Cash investments are therefore stated at
their principal value.
' ACCRUAL BASIS OF ACCOUNTING
The accrual basis of accounting is followed in all Proprietary funds and
Non-expendable Trust Funds. Under the Accrual basis of accounting, revenues
are recognized when earned, and expenses are recorded when incurred.
' The service revenues of four utility cycles are based upon service rates
authorized by the City Council and generated via bimonthly billings to
customers. Earned, but unbilled, revenues are accrued and reported in the
financial statements as unbilled receivables.
' -39-
:I
NOTES TO FINANCIAL STATEMENTS - 5
I
D. BUDGETS I
Procedures in establishing budgetary data reflected in the financial state-
II
ments are as follows:
(1) On or before the first day of August of each year, the City Manager IIshall submit to the Council a proposed budget and an accompanying
message. The Council shall review the proposed budget and revise as
deemed appropriate prior to general circulation for public hearing. IIThe Council shall adopt the budget by ordinance on one reading on or
before the 15th day of September. Adoption of the budget requires an
affirmative vote of at least a majority of all the members of Council.
Adoption of the budget shall constitute appropriations of the amounts II
specified therein as expenditures from the funds indicated and shall
constitute a levy of the property tax therein proposed. Council may
amend the budget before adoption provided that no amendment to the IIbudget shall increase the authorized expenditures to an amount greater
than the total of estimated income plus funds available from prior
years.
(2) If during the fiscal year the City Manager certifies that there are II
available for appropriation revenues in excess of those estimated in
the budget, the Council by ordinance may make supplemental appropri-
II
ation for the year up to the amount of such excess.
(3) At any time during the fiscal year, the City Manager may transfer part I
or all of any unencumbered appropriation balance among programs within
a department, division, or office and, upon written request by the
City Manager, the Council may by ordinance transfer part or all of any
unencumbered appropriation balance from one department, office or IIagency to another. The legal level of control is the total approved
budget for each fund.
(4) Limitations: No appropriation for debt service may be reduced or II
transferred, and no appropriation may be reduced below any amount
required by law to be appropriated or by more than the amount of the IIunencumbered balance thereof.
(5) Legally adopted budgets for the General, Special Revenue, Debt Service,
and Enterprise Funds are prepared on a basis consistent with generally IIaccepted accounting principles (GAAP) .
I
1
-40-
i
NOTES TO FINANCIAL STATEMENTS - 6
1
D. BUDGETS (Continued)
' (6) Every appropriation, except an appropriation for a capital expend-
iture, shall lapse at the close of the fiscal year to the extent that
it has not been expended or encumbered. An appropriation for a capital
expenditure shall continue in force until the purpose for which it was
made has been accomplished or abandoned; the purpose of any such
appropriation shall be deemed abandoned if three years pass without
any disbursement from or encumbrance of the appropriation. Encum-
brances outstanding at year end are included as expenditures for the
current year.
' The City of Friendswood has complied with all budget requirements for the
year ended September 30, 1986.
E. FIXED ASSETS
Fixed assets are stated at cost or, if the cost is not determinable, at
' estimated cost. Donated fixed assets are recorded at their estimated fair
value on the date received. Costs incurred for the purchase or construction
of general fixed assets are recorded as capital outlay expenditures in the
General and Capital Projects Funds. All such costs are capitalized in the
' General Fixed Assets Account Group. Amounts expended for property, plant
and equipment in the Enterprise Fund are capitalized in the fixed asset
accounts within that fund. Public domain fixed assets such bridges, roads,
drainage systems, etc., are capitalized along with other general fixed
assets.
' Depreciation of all exhaustible fixed assets used by the Enterprise Fund is
charged as an expense against its operations. Allowance for depreciation
is reported in the Enterprise Fund balance sheet. Depreciation has been
provided over the estimated useful lives using the straight-line method.
' The estimated useful lives are as follows:
Assets Life
' Equipment 5-10 years
Water and Sewer System 40-50 years
' No depreciation is provided for the general fixed assets of the City.
F. DEBT SERVICE
1 The ad valorem tax rate is allocated each year between the General Fund and
the Debt Service Fund. The full amount estimated to be required for debt
' service on general obligation debt is provided by the debt service tax
together with interest earned in the Debt Service Fund. Enterprise Fund
long-term debt requirements are provided from net revenues of the Fund.
1
-41-
I
NOTES TO FINANCIAL STATEMENTS - 7
11
G. GENERAL PROPERTY TAXES
All taxes due the City on real or personal property are payable at the
Office of the City Assessor-Collector and may be paid at any time after the
tax rolls for the year have been completed and approved, which is no later
than October 1. Taxes are due by February 1, and all taxes not paid prior
to this date are deemed delinquent and are subject to penalty and interest.
All property located within the City limits on the first day of January of
each year are charged with a special lien in favor of the City from such
date for taxes due thereon.
H. "MEMORANDUM ONLY" CAPTIONS
The "memorandum only" captions on the total columns of the combined state-
ments indicate that totals are presented only for overview informational
purposes. Data in these columns do not present financial position, results
of operations, or changes in financial position in conformity with generally
accepted accounting principles.
I. ALLOWANCES '
Allowance for doubtful accounts has been recorded at September 30, 1986 as
follows: '
Fund Type of Account Amount
Enterprise Fund Water and Sewer billings $20,000 1
3. INTERFUND RECEIVABLES AND PAYABLES
The following is a summary of amounts due from and due to other funds: '
Due From Due To
General Fund
Capital Projects Fund $200,000 $
Debt Service Fund 4,670 -
Enterprise Fund 13,816
218,486 -
Capital Projects Fund
General Fund - 200,000
Debt Service Fund
General Fund - 4,670
Enterprise Fund
General Fund - 13,816
TOTAL ALL FUNDS $218,486 $218,486
-42-
1
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 date of the most recent actuarial valuation is December 31 , 1985. The
valuation was based on the plan of benefits in effect on January 1, 1986.
' The actuarial cost method used was the Unit Credit Actuarial Cost Method. The
unfunded accrued liability is being amortized with a level percent of payroll
over a period of 25 years which began January, 1986. Total pension payments
for the year ended September 30, 1986 were: $59,321
City Contribution Rates (as a percent of payroll)
' 1986 1985
Normal cost contribution rate 2.43% 2.31%
Prior service contribution rate .68% .41%
' Total retirement contribution rate 3.11% 2.72%
Actuarial Present Value of Accrued Benefits December 31, December 31 ,
' Vested 1985 1984
a. Annuitants $ 24,074 $ 23,685
b. Nonretired members 837,273 548,336
' Nonvested 182,671 131,353
Total $1,044,018 $703,374
Total Assets (book value) $ 751 ,832 $565,766
Unfunded Accrued Liability $ 292,186 $137,608
There have been no changes in the actuarial cost method or the actuarial assump-
tions since the previous valuation. The assumptions were developed from the
' experience of the System. The withdrawal and payroll increase assumptions also
reflect the experience of the City. The payroll was assumed to increase 5% per
year.
1
' -43-
I
NOTES TO FINANCIAL STATEMENTS - 9
4. PENSION PLAN (Continued)
Since the System is of the money-purchase type, the interest earned by the
System and realized investment gains and losses are distributed annually to the
accounts of the members and the municipalities. Gains (losses) from other
sources decrease (increase) the unfunded accrued liability and are thus amor-
tized using a spread method. There has been no change in the treatment of
actuarial gains and losses since the previous valuation.
Because of the money purchase nature of the System, there is no need for an
interest rate assumption in valuing the actuarial present value of accrued
benefits for nonretired members. For annuitants, the actuarial present value
of benefits is calculated using a 5% interest rate assumption. The 5% assump-
tion is also used in calculating the prior service contribution rate.
December 31, December 31,
1985 1984
Excess vested benefits over (under)
book value of assets $109,515 $ 6,255 1
5. LONG-TERM DEBT
Changes in Bonded Debt of the City during the year ended September 30, 1986 are
summarized as follows:
General
Long-term Revenue
Debt Bonds Total
Balance at October 1, 1985 $ 8,046,000 $1,490,000 $ 9,536,000 1
Debt retired (10,4186,000) (120,000) 10,606,000
Debt issued 10,650,778 - 10,650,778 ,
Debt assumed 2,440,000 - 2,440,000
BALANCE AT SEPTEMBER 30, 1986 $10,650,778 $1,370,000 $12,020,778
Above figures do not include leases and accrued Employee benefits.
I
1
1
I
NOTES TO FINANCIAL STATEMENTS - 10
II
II
5. LONG-TERM DEBT (Continued)
I
Long-Term debt at September 30, 1986 is comprised of the following:
Principal Balance Due
I
Balance Within One
Description Sept. 30, 1986 Year
IIGeneral Obligation Bonds
Refunding Bonds, Series 1986 $10,650,778 $585,000
IITOTAL 10,650,778 585,000
Capital Leases
IComputer Lease 36,827 31 ,234
Radio Lease 21,165 4,151
IITOTAL 57,992 35,385
Revenue Bonds
IIWaterworks and Sanitary Sewer System
Revenue Bonds, Series 1969 due in
II installments of $20,000 to $50,000
through March 1 , 1999, interest
at 6.125 to 6.50 percent. 465,000 25,000
IIWaterworks and Sanitary Sewer System
Revenue Bonds, Series 1979 due in
installment of $5,000 to $100,000
I
through March 1 , 1996, interest
at 5.50 to 6.50 percent 905,000 100,000
IITOTAL 1 ,370,000 125,000
Accrued Employee Benefits
payable when earned or upon
IIemployee termination. 161,915
TOTAL
IILONG-TERM DEBT $12,240,685 $745,385
II
II -45-
1
NOTES TO FINANCIAL STATEMENTS - 11
11
5. LONG-TERM DEBT (Continued) 11
The total Long-Term debt of the City (governmental and proprietary funds) by I
maturity date is as follows:
Year Ending Total IISept. 30 Principal Interest Total
1987 $ 745,385 $ 770,167 $ 1,438,214
1988 795,213 700,893 1 ,426,081 II
1989 785,142 658,271 1,380,888
1990 805,723 611,853 1,362,776
1991 846,529 561,039 1,360,662 II1992 925,000 505,003 1 ,391 ,087
1993 970,000 443,253 1 ,382,231
1994 1 ,025,000 376,278 1,377,900 II1995 995,000 306,979 1,286,398
1996 980,000 237,629 1,207,385
1997 1 ,035,000 165,093 1 ,192,590
1998 845,000 96,634 937,040
11
1999 885,000 32,844 916,313
2000 310,834 559,166 870,000
2001 55,898 114,102 170,000
2002 27,209 62,791 90,000II
2003 24,993 65,007 90,000
2004 21,844 63,156 85,000
$12,078,770 $6,330,158 $17,964,565 II
EMPLOYEE
BENEFITS 161,915 II
TOTAL GENERAL ILONG-TERM DEBT $12,240,685
11
II
II
II
-46-
I
NOTES TO FINANCIAL STATEMENTS - 12
5. LONG-TERM DEBT (Continued)
In the 1985/86 year, the City refunded its outstanding debt with the proceeds
from the Refunding Bonds - Series 1986. The following is a list of those debts
that were refunded.
' Description Amount Refunded
Waterworks and Sewer System Unlimited Tax Bonds,
Series 1962. $ 150,000
' Waterworks and Sewer System Unlimited Tax Bonds,
Series 1963. 57,000
Sewer Improvement Bonds, Series 1967. 30,000
' General Obligation Refunding Bonds,
Series 1969. 109,000
' General Obligation Bonds, Series 1973. 30,000
Drainage Improvement Bonds, Series 1973. 100,000
General Obligation Bonds, Series 1974. 625,000
Street Improvement Bonds, Series 1977. 1 ,195,000
General Obligation Bonds, Series 1979. 270,000
' Street Imrpovement Bonds, Series 1982. 1 ,400,000
Waterworks and Sewer System Combination
' Tax and Revenue Bonds, Series 1964. 375,000
Waterworks and Sewer System Combination
Tax and Revenue Bonds, Series 1970. 180,000
Waterworks and Sewer System Combination
Tax and Revenue Bonds, Series 1970-A. 540,000
IWaterworks and Sewer System Combination
Tax and Revenue Refunding Bonds,
' Series 1972. 660,000
Waterworks and Sewer System Combination
Tax and Revenue Bonds, Series 1967. 100,000
11
Waterworks and Sewer System Combination
Tax and Revenue Bonds, Series 1967-A. 610,000
I
1 -47-
I
NOTES TO FINANCIAL STATEMENTS - 13
11
5. LONG-TERM DEBT (Continued)
Description Amount Refunded
Waterworks and Sewer System Combination
Tax and Revenue Bonds, Series 1972. 510,000
Waterworks and Sewer System Combination
Tax and Revenue Bonds, Series 1974. 690,000 '
WCID #108, Waterworks and Sewer System
Combination Tax and Revenue Bonds,
Series 1970-A. 265,000
WCID #108, Waterworks and Sewer System
Combination Tax and Revenue Bonds,
Series 1971. 495,000
WCID #108, Waterworks and Sewer System
Combination Tax and Revenue Bonds,
Series 1971-A. 995,000
WCID #108, Waterworks and Sewer System '
Combination Tax and Revenue Bonds,
Series 1971-A 435,000
WCID #108, Waterworks and Sewer System
Unlimited Tax and Revenue Bonds,
Series 1971-A 175,000
Total Bonds 9,996,000
Certificate of Obligation, Series 1982. 16,000 '
Certificate of Obligation, Series 1983. 20,000
36,000
11
Total Debt
Refunded $10,032,000
The above debt is considered retired through defeasance.
Total debt service comparison: (Principal & Interest)
Refunding Bonds - Series 1986 $16,528,345
Old Issues refunded by above 17,076,516
Debt service reduction $ 548,171
11
-48- I
I
NOTES TO FINANCIAL STATEMENTS - 14
II
II
6. FIXED ASSETS
IIA summary of the changes in general fixed assets for the year ended
September 30, 1986 follows:
I
Balance Balance at
Sept. 30, 1985 Additions Retirements Sept. 30, 1986
I
Land $ 906,049 $ 5,679 $ _ $ 911 ,728
Buildings 981 ,673 31,991 1 ,013,664
Improvements 6,060,690 976,585 - 7,037,275
II Equipment 1 ,522,493 349,899 4,200 1 ,868,192
Construction in
progress 372,299 1 ,692,833 910,282 1,154,850
IITOTAL $9,843,204 $3,056,987 $ 914,482 $11,985,709
A summary of the changes in Enterprise Fund fixed assets for the year ended
September 30, 1986 follows:
I
Balance Balance at
Sept. 30, 1985 Additions Retirements Sept. 30, 1986
Land $ 135,387 $ 1 ,675 $ - $ 137,062
II Plant and equipment 4,832,582 412,104 - 5,248,686
Plant and equipment
Blackhawk 9,255,084 - - 9,255,084
II Water and sewer lines 2,707,891 2,470,246 _ 5,178,137
Drainage 608,329 562,735 1 ,171 ,064
Storm sewers 637,671 - - 637,671
Construction in
IIprogress 625,844 974,753 960,620 639,977
TOTAL 18,802,788 4,421 ,513 960,620 22,263,681
II Less allowance for
depreciation 2,724,092 539,262 - 3,263,354
II NET PROPERTY,
PLANT AND
EQUIPMENT $16,078,696 $3,882,251 $ 960,620 $19,000,327
11
II
II
-49-
NOTES TO FINANCIAL STATEMENTS - 15
11
7. COMMITMENTS 1
A. On October 1 , 1981 the City entered into a contract with the Friendswood
Volunteer Fire Department, Inc. The Department shall furnish all fire
suppression, rescue and emergency medical services, utilizing apparatus and
equipment owned by the City to all persons and property located within the
corporate limits of the City, or to persons and property located outside the
City when approved by Council. The City agrees to (1) provide the fire
fighting equipment and facilities for the use by the Department in fighting
fire and performing emergency medical services, (2) to provide funds for the
capital equipment, operation and maintenance of the Department in accordance
with the annual budget as approved by Council, and (3) to provide dispatch
services for and on behalf of the Department.
B. The City entered into a waste disposal agreement with Harris County Water
Control and Improvement District No. 108 on October 21, 1971 by which the
City provides sewer treatment for the District. The District pays an amount
equal to 85 percent of its residential sewer charges for each month. The
City agrees not to charge the District additional amounts for construction
or operation of the Blackhawk Regional Waste Treatment Plant.
C. The City entered into a contract with Gulf Coast Waste Disposal Authority on
December 12, 1974 to manage the Blackhawk Regional Waste Treatment Plant. 11The City pays its pro rata share of the plant's operating expenses and a
management fee as set by the Blackhawk Advisory Committee. The City paid
$341,364 to the Authority for operation and management services for the year
ended September 30, 1986. ,
D. The City renewed a contract with Best Waste Systems, Inc. on November 1,
1985 for the collection of garbage, trash, and other refuse within the
corporate limits of the City twice each week. The contract expires on
October 31 , 1988 with an option of renewal for an additional three years.
The residential collection fee is set at $6.80 per month. Small commercial
fees are $32.89 per month, and the fee varies for commercial container
pick-up as to the size of the container.
E. On February 22, 1985, the City entered into an agreement with Bay Area Land
Company, Ltd. (Partnership) whereby Bay Area Land Company would advance the
City $1 ,200,000 in tap revenue fees for the intended expansion of the
Blackhawk Regional Waste Treatment Plant. The expansion is to serve property
to be developed by Bay Area Land Company. The $1,200,000 payment is to be
refunded out of connection fees that are levied and collected by the City
from areas within the property during the term of the utility allocations.
The City has pledged 90% of all such connection fees, excluding meter costs,
collected, to the refunding of the $1,200,000 payment. As of September 30,
1986, the City had fulfilled its obligation on the contract and the deferred
revenue was recorded as current in the 1985/86 Fiscal Year.
11
-50-
NOTES TO FINANCIAL STATEMENTS - 16
7. COMMITMENTS (Continued)
F. The City had the following construction commitments at September 30, 1986:
COMMITMENT
OUTSTANDING
CONTRACT PERCENT AT
CONTRACTOR DESCRIPTION AMOUNT COMPLETED SEPT. 30, 1986
' Coenco, Inc. Box Culvert - Coward's
Creek Drive $ 26,280 90% $ 2,628
' Water Line - Oxnard
Lane 18,903 95% 945
' Lawrence W.
Speck Friendswood
Associates Public Pool 571 760 81% 108,636
616,952 112,209
Gulf Coast
Waste
' Disposal
Authority Blackhawk expansion 529,816 95% 26,490
TOTAL $1,146,768 $ 138,699
8. CONTRIBUTED CAPITAL
In accordance with generally accepted accounting principles as described in
AICPA Industry Audit Guide, "Audits of State and Local Governmental Units,"
proceeds of General Obligation Bonds used for financing Enterprise improvements
' have been recorded as Contributed Capital, and principal payments on such bonds
by the Enterprise Fund have been treated as reductions of contributed capital
as follows:
' Year Ended Sept. 30,
1986 1985
1 Contributed capital at beginning of year $12,551,492 $12,741 ,492
Add proceeds of general obligation bonds 2,409,855 of WCID #108
11 Deduct transfers out from Enterprise Fund
for principal payments on GO bonds (195,000) (190,000)
CONTRIBUTED CAPITAL AT END OF YEAR $ 14,766,347 $12,551 ,492
-51-
I
NOTES TO FINANCIAL STATEMENTS - 17
11
8. CONTRIBUTED CAPITAL (Continued)
$195,000 which has been reported as an operating transfer in for the General
Fund is reported as a reduction of contributed capital in the Enterprise Fund
as noted above. Therefore, interfund transfers will not reconcile by this
amount. '
9. RESTATEMENT OF PRIOR YEAR BALANCES
The following account balances from the 1984/85 fiscal year are restated for '
capital leases and accrued employee benefits that were originally accounted for
as expenditures.
AS REPORTED RESTATED NET CHANGE
GENERAL FUND
Accrued expenditures $ 272,980 $ 130,510 $(142,470)
Fund Balance 263,245 405,715 142,470
-0-
GENERAL FIXED ASSETS '
Equipment $1,410,671 $1,522,493 $ 111,822
Investment in general
fixed assets 9,731,382 9,843,204 111,822
$ -0-
GENERAL LONG-TERM DEBT '
Employee benefits
payable $ -0- $ 142,470 $ 142,470
Lease obligations 73,840 88,419 14,579
$ 157,049 1
Amount to be provided 7,919,027 8,076,076 157,049 '
$ -0-
1
I
-52- '
' NOTES TO FINANCIAL STATEMENTS - 18
10. BLACKHAWK REGIONAL WASTE TREATMENT PLANT
The City has entered into an arrangement with the City of Houston, Harris
County MUD #55, and CDC, Inc. for operating and maintaining a joint waste
treatment plant known as Blackhawk Regional Waste Treatment Plant. All
participants share in the expenses of operation and maintenance based on their
respective percentages for use and fixed costs.
' The percentages of ownership based on fund balances at September 30, 1986 are
as follows:
' City of Friendswood 53.00%
City of Houston 14.00%
Harris County MUD #55 53.00%
CDC, Inc. 16.00%
100.00%
As of September 30, 1986 the following financial information was available from
the operator:
Total assets $87,023
I
Total liabilities $127,419
Fund balance (deficit) (40,396)
$87,023
Total revenues $408,062
' Total expenses 448,459
Net (Loss) $(40,397)
' 11. CONTINGENCIES
The City was involved in several pending lawsuits at September 30, 1986. A
summary of the more significant of these follows:
' Cause numbers 124,065 and 124,066, both styled Boone, et al v. the City of
Friendswood, et al. In these cases the plaintiffs have sued the City alleging
that property owned by plaintiffs was assessed a value for tax purposes in
excess of its true value. Plaintiffs seek to have this value reduced. These
' -53-
I
NOTES TO FINANCIAL STATEMENTS - 19
11
11 . CONTINGENCIES (Continued)
cases are still pending and no prediction as to their outcome can be made at '
this time.
Cause number 84-CV0331 , styled Joseph A. Germany, et ux vs. City of ,
Friendswood. In this case plaintiff seeks recovery for damages alleged to have
occurred upon confiscation of property by the City for roadway purposes.
Plaintiff seeks $102,000 in damages plus attorneys fees. It is estimated that ,
the City's liability exposure to be less than $20,000, if any.
The City's management has indicated that it will contest each of these claims
and is of the opinion that any liability resulting from such claims will not
have a material effect on the financial statements of the City for the year
ended September 30, 1986. 11
11
11
1
-54-
INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
I
-55-
I
I
1
1
1
1
I
1
I
(This page intentionally left blank.) '
1
I
-56- '
1
' GENERAL FUND
The General Fund accounts for the resources
used to finance the fundamental operations of
the City. It is the basic fund of the City and
covers all activities for which a separate fund
has not been established.
11
I
1
I
11
-57-
!I
GENERAL FUND EXHIBIT A-1
11
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS '
September 30, 1986 and 1985
1986 1985 '
ASSETS
Cash - including certificates of deposit $ 21 ,586 $ 619,882 '
Receivables - net where applicable of
allowances for doubtful accounts '
Property taxes 235,396 166,291
Accounts 108,454 46,128
Grantor agencies 3,314 1,982 '
Due from other funds 218,486 107
Prepaid expenses 18,910 10,979 ,
TOTAL ASSETS $ 606,146 $ 845,369
LIABILITIES AND FUND BALANCE
LIABILITIES 1
Accounts payable $ 104,557 $ 134,664
Accrued expenditures (Note 9) 191,701 130,510
Deferred revenue 235,396 162,900
Due to other funds - 601
TOTAL LIABILITIES 531 ,654 428,675 '
FUND BALANCE
Reserved for prepaid expenses 18,910 10,979 11
Unreserved
Undesignated (Note 9) 55,582 405,715
TOTAL FUND BALANCE 74,492 416,694
TOTAL LIABILITIES AND
FUND BALANCE $ 606,146 $ 845,369
1
-58-
II
GENERAL FUND EXHIBIT A-2
IISTATEMENT OF REVENUES - BUDGET AND ACTUAL
II
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
I
1986
VARIANCE -
FAVORABLE 1985
I
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Taxes
II
General property $2,836,500 $2,811 ,888 $ (24,612) $2,368,625
Less homestead exemption 36,000 16,488 19,512 22,626
Net general property 2,800,500 2,795,400 ( 5,100) 2,345,999
II Sales 435,000 483,629 48,629 424,498
Franchise 290,000 352,186 62,186 273,184
Other 1 ,500 1 ,106 ( 394) 1 ,379
I
TOTAL TAXES 3,527,000 3,632,321 105,321 3,045,060
Sanitation 504,711 470,177 (34,534) 532,701
IIFines and forfeitures 145,000 120,195 (24,805) 138,302
Licenses and permits 171 ,000 148,740 (22,260) 138,074
IInter-governmental
revenues 36,000 63,286 27,286 155,014
IInterest income 70,000 56,155 (13,845) 99,345
Insurance settlements - 1 ,938 1 ,938 11 ,611
IOther 5,000 18,502 13,502 21 ,891
II TOTAL REVENUE
BEFORE TRANSFERS $4,458,711 $4,511 ,314 $ 52,603 $4,141 ,998
1
1
II
II
II
I
-59-
:I
GENERAL FUND EXHIBIT A-3
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY FUNCTION 11
CITY OF FRIENDSWOOD, TEXAS II
Years ended September 30, 1986 and 1985
1986 II
VARIANCE -
FAVORABLE 1985
' BUDGET ACTUAL (UNFAVORABLE) ACTUAL I
General Government
Administration $ 935,541 $1 ,004,556 ' $ (69,015) $ 795,916
Municipal caurt 64,745 63,240 1 ,505 58,331 II
co Engineering 50,800 60,222 ( 9,422) 19,459
cO Inspection 69,540 52,954 16,586 75,454
co Planning and zoning 4,765 40,204 (35,439) 4,926 IITOTAL GENERAL GOVERNMENT 1,125,391 1 ,221,176 (95,785) 954,086
Public Safety I' Police 1 ,327,288 1,311,697 15,591 1,160,752
F F-- Fire 402,849 380,752 22,097 195,315
f Humane 32,644 35,762 (3,118) 31,459
p Civil defense 1,800 9,292 (7,492) 1,234 II
TOTAL PUBLIC SAFETY 1 ,764,581 1,737,503 27,078 1,388,760
Public Works IIfl Streets 664,249 643,305 20,944 501 ,339
f'i) Drainage 71 ,500 75,007 (3,507) 20,109
TOTAL PUBLIC WORKS 735,749 718,312 17,437 521 ,448 II
/ ')Sanitation 490,711 484,851 5,860 512,504
TOTAL SANITATION 490,711 484,851 5,860 512,504
1 Culture and Recreation II
L -)' Library 207,913 211,930 ( 4,017) 192,899
P r - Parks and recreation 239,401 231,163 8,238 170,656 IIP n Youth needs/opportunity
commission 2,165 1,934 231 1,647
p R _ Community activities 7,200 2,862 4,338 3,035 I
TOTAL CULTURE AND
RECREATION 456,679 447,889 8,790 368,237
Health and Welfare
II
Community counseling
center 35,500 38,020 (2,520) 35,500
Ambulance 34,000 40,946 (6,946) 32,419 IITOTAL HEALTH AND WELFARE 69,500 78,966 (9,466) 67,919
TOTAL EXPENDITURES
BEFORE TRANSFERS $4,642,611 $4,688,697 $ (46,086) $3,812,95411
1
-60- 1
I
GENERAL FUND EXHIBIT A-4
ISTATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 1 of 5
I
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
I
1986
VARIANCE -
FAVORABLE 1985
I
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
General Government
I
Administration
Personal services $ 284,809 $ 297,300 $ (12,491) $ 272,595
Supplies 24,950 30,524 (5,574) 19,821
Other services and
I
charges 560,035 628,310 (68,275) 446,087
Maintenance 30,947 23,690 7,257 26,805
Capital outlay 34,800 24,732 10,068 30,608
I
935,541 1 ,004,556 (69,015) 795,916
Municipal Court
I Personal
services 57,095 58,453 (1 ,358) 55,215
Supplies 3,800 2,423 1 ,377 1 ,632
Other services and
charges 3,125 1,289 1 ,836 810
II Maintenance 725 150 575 635
Capital outlay 925 (925) 39
64,745 63,240 1 ,505 58,331
IEngineering
Other services and
charges 50,800 60,222 (9,422) 19,459
II50,800 60,222 (9,422) 19,459
Inspections
I
Personal services 63,372 47,328
3,010 16,044 60,655
Supplies 3,968 958 2,143
Other services and
I
charges 1 ,250 1,203 47 1 ,335
Maintenance 950 998 (48) 2,370
Capital outlay - 415 (415) 8,951
69,540 52,954 16,586 75,454
II
II
II
II -61-
:I
GENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 2 of 5 Il
CITY OF FRIENDSWOOD, TEXAS
II
Years ended September 30, 1986 and 1985
1986 I
VARIANCE -
FAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL I
General Government (continued)
Planning and Zoning IIPersonal services $ 2,765 $ 32,200 $ (29,435) $ 2, 122
Supplies 200 649 (449) 338
Other services and
charges 1 ,800 7,355 (5,555) 2,466 '
4,765 40,204 (35,439) 4,926
TOTAL GENERAL IIGOVERNMENT 1 ,125,391 1 ,221,176 (95,785) 954,086
Public Safety
Police ServiceII
Personal services 1 ,029,158 1 ,020,428 8,730 900,210
Supplies 84,470 69,068 15,402 59,066
Other services and
charges 45,110 41,174 3,936 44,942 II
Maintenance 68,450 64,391 4,059 58,249
Capital outlay 100,100 116,636 (16,536) 98,285
1 ,327,288 1 ,311 ,697 15,591 1 ,160,75211
Fire
Personal services 70,884 63,724 7,160 61 ,58411
Supplies 30,100 4,153 25,947 4,257
Other services and
charges 39,130 122,971 (83,841) 105,897 IIMaintenance 38,960 6,787 32,173 3,621
Capital outlay 223,775 183,117 40,658 19,956
402,849 380,752 22,097 195,315
II
1
1
1
-62- '
II
GENERAL FUND EXHIBIT A-4 I
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 3 of 5
II
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
I1986
VARIANCE -
FAVORABLE 1985
IBUDGET ACTUAL (UNFAVORABLE) ACTUAL
Humane
II Personal services $ 26,624 $ 27,491 $ (867) $ 24,682
Supplies 4,070 4,351 (281) 3,611
Other services and
II charges 1 ,050 1 ,400 (350) 1 ,188
Maintenance 900 2,520 (1 ,620) 1 ,978
Capital outlay - - - -
32,644 35,762 (3,118) 31 ,459
1 Civil Defense
Personal services - - - -
' Supplies 600 593 7 151
Other services and
charges 400 121 279 51
I
Maintenance 800 8,578 (7,778) 1 ,032
Capital outlay -
Disaster training - - - -
1 ,800 9,292 (7,492) 1 ,234
ITOTAL PUBLIC SAFETY 1 ,764,581 1 ,737,503 27,078 1 ,388,760
I
Public Works
Streets
Personal services 326,007 342,676 (16,669) 279,962
Supplies 101 ,442 87,316 14,126 87,357
II
Other services and
charges 91,350 108,078 (16,728) 78,991
Maintenance 35,050 56,880 (21 ,830) 44,070
1 Capital outlay 110,400 48,355 62,045 10,959
664,249 643,305 20,944 501 ,339
IIDrainage Personal services - - - -
Supplies 1 ,500 90 1 ,410 76
Other services and
II charges - - - -
Maintenance 20,000 24,917 (4,917) 20,033
Capital outlay 50,000 50,000 - -
' 71,500 75,007 (3,507) 20,109,
TOTAL PUBLIC WORKS 735,749 718,312 17,437 521 ,448
-63-
:I
GENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 4 of 5 II
CITY OF FRIENDSWOOD, TEXAS
II
Years ended September 30, 1986 and 1985
1986IIVARIANCE -
FAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL 1
Sanitation
Contract Services $ 490,711 $ 484,851 $ 5,860 $ 512,504 I
TOTAL SANITATION 490,711 484,851 5,860 512,504
Culture and Recreation IILibrary
Personal services 150,273 149,690 583 133,542
Supplies 29,775 29,931 (156) 32,508 IIOther services and
charges 24,761 21 ,659 3,102 24,528
Maintenance 3,104 4,250 (1,146) 2,178
Capital outlay - 6,400 (6,400) 143 II
207,913 211 ,930 (4,017) 192,899
Parks and Recreation
Personal services 94,781 109,268 (14,487) 78,367 II
Supplies 53,220 36,222 16,998 32,567
Other services and
charges 37,900 49,133 (11 ,233) 23,391II
Maintenance 18,900 19,043 (143) 20,136
Capital outlay 34,600 17,497 17,103 16,195
239,401 231 ,163 8,238 170,656 1
Youth Needs and Opportunity
Personal services 1 ,615 69 1,546 1 ,637
Supplies 50 - 50 10 II
Other services and
charges 500 1,865 (1,365) - I
2,165 1 ,934 231 1 ,647
Community Activities
Supplies 350 923 (573) 205 II
Maintenance 2,500 1 ,922 578 -
Other services and
charges 4,350 17 4,333 2,830
7,200 2,862 4,338 3,035II
TOTAL CULTURE AND
RECREATION 456,679 447,889 8,790 368,237
II
-64- 1
I
GENERAL FUND EXHIBIT A-4
IISTATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 5 of 5
ICITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
I
1986
VARIANCE
FAVORABLE 1985
II
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Health and Welfare
I Community counseling
center
Contract services $ 30,000 $ 30,000 $ - $ 30,000
Other services and
II charges 5,500 8,020 (2,520) 5,500
35,500 38,020 (2,520) 35,500
I
Ambulance
Supplies 13,750 32 13,718 41
Other services and
I
charges - - - -
Maintenance 11 ,250 1 ,919 9,331 6,566
Contract services 9,000 34,000 (25,000) 25,748
Capital outlay - 4,995 (4,995) 64
I
34,000 40,946 (6,946) 32,419
TOTAL HEALTH AND
1 WELFARE 69,500 78,966 (9,466) 67,919
EXPENDITURES BEFORE
II OPERATING
TRANSFERS 4,642,611 4,688,697 (46,086) 3,812,954
OPERATING TRANSFERS OUT 940,908 1 ,254,599 (313,691) 796,348
II
$5,583,519 $5,943,296 $ (359,777) $4,609,302
II
II
11
I
II
II
-65-
I
I
1
1
(This page intentionally left blank.) t
1
1
-66- 1
II
I
I
11
II
IISPECIAL REVENUE FUNDS
I
These funds are used to account for the proceeds
of specific revenue sources that are legally
restricted to expenditures for specified pur-
' poses. Revenues and expenditures of the federal
revenue sharing, parks and recreation, mowing,
and fine arts programs are accounted for in
these funds.
I
II
II
II
II
II
11
II
II
I
-67-
1
SPECIAL REVENUE FUNDS EXHIBIT B-1
COMBINING BALANCE SHEET 11
CITY OF FRIENDSWOOD, TEXAS
II
September 30, 1986
with Comparative Totals for September 30, 1985
II
REVENUE PARKS AND FINE ARTS TOTAL
SHARING RECREATION MOWING COMMISSION 1986 1985 II
ASSETS
Cash $73,033 $ 9,955 $ 6,234 $ 1 ,323 $90,545 $30,371 II
Accounts Receivable
liens - - 7,113 - 7,113 - I
Revenue sharing
entitlement receivable - - - - - 16,964 II
TOTAL ASSETS $73,033 $ 9,955 $13,347 $ 1,323 $97,658 $47,335
LIABILITIES AND FUND BALANCE II
LIABILITIES I
Accounts payable $ - $ - $ 425 $ - $ 425 $ 3,942
Due to other funds - - - - - - II
TOTAL LIABILITIES - - 425 - 425 3,942
FUND BALANCES II
Reserved for parks and IIprograms - 9,955 - 1,323 11 ,278 10,076
Unreserved 73,033 - 12,922 - 85,955 33,317 111
TOTAL FUND BALANCES 73,033 9,955 12,922 1,323 97,233 43,393
TOTAL LIABILITIES AND IIFUND BALANCES $73,033 $ 9,955 $13,347 $ 1 ,323 $97,658 $47,335
1
II
II
-68- '
II
SPECIAL REVENUE FUNDS EXHIBIT B-2
ICOMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
ICITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1986
II
with Comparative Totals for year ended September 30, 1985
I
REVENUE PARKS AND FINE ARTS TOTAL
SHARING RECREATION MOWING COMMISSION 1986 1985
REVENUES II Charges for services $ - - - - -$ $ $ $ $ -
Intergovernmental
revenue 60,828 - - - 60,828 68,441
I Interest Income 1 ,917 721 422 - 3,060 1 ,536
Other revenues 8,410 8,410 8,049
ITOTAL REVENUES 62,745 721 8,832 - 72,298 78,026
EXPENDITURES
Public works - - 5,467 - 5,467 2,205
IICulture and recreation 800 4,719 5,519 5,175
TOTAL EXPENDITURES - 800 5,467 4,719 10,986 7,380
IREVENUES OVER
(UNDER) EXPENDITURES 62,745 (79) 3,365 (4,719) 61 ,312 70,646
IIOTHER FINANCING SOURCES
(USES)
Operating transfers in - - 3,000 6,000 9,000 5,000
I
operating transfers out (16,472) - - - (16,472) (59,642)
I
TOTAL OTHER FINANCING SOURCES (USES) (16,472) - 3,000 6,000 ( 7,472) (54,642)
IIREVENUES AND OTHER
SOURCES OVER (UNDER)
EXPENDITURES AND
I
OTHER USES 46,273 (79) 6,365 1 ,281 53,840 16,004
Fund balances at beginning
IIof year 26,760 10,034 6,557 42 43,393 27,389
Fund balances at end
of year $73,033 $ 9,955 $12,922 $ 1 ,323 $97,233 $43,393
II
II
I -69-
I
SPECIAL REVENUE FUND (REVENUE SHARING) EXHIBIT B-3
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS '
September 30, 1986 and 1985
1
1986 1985 1
ASSETS
Cash $ 73,033 $ 13,233
Revenue sharing entitlement receivable - 16,964 '
TOTAL ASSETS $ 73,033 $ 30,197
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ - $ 3,437
Due to other funds
TOTAL LIABILITIES - 3,437
FUND BALANCE '
Unreserved 73,033 26,760
TOTAL LIABILITIES
AND FUND BALANCE $ 73,033 $ 30,197
1
1
1
1
1
1
-70- 1
II
SPECIAL REVENUE FUND (REVENUE SHARING) EXHIBIT B-4
IISTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
IICITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
II
1986
I VARIANCE -
FAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
II REVENUES
Federal revenue
sharing $60,600 $60,828 $ 228 $68,441
I
Interest on investments - 1 ,917 1 ,917 999
OTHER FINANCING USES
II Operating transfers
out 60,600 16,472 44,128 59,642
REVENUES OVER OTHER
IIFINANCING USES $ - 46,273 $46,273 9,798
II Fund balance at beginning
of year 26,760 16,962
FUND BALANCE AT
IIEND OF YEAR $73,033 $26,760
I
II
II
II
II
II
p
-71-
I
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-5
COMPARATIVE BALANCE SHEET 1
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 and 1985
1
1
1986 1985
ASSETS
Cash - restricted - including certificate
of deposit $ 9,955 $ 10,034
TOTAL ASSETS $ 9,955 $ 10,034 1
FUND BALANCE '
Reserved for park expenditures $ 9,955 $ 10,034
1
TOTAL FUND BALANCE $ 9,955 $ 10,034
1
1
1
1
1
1
1
-72- 1
II
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-6
IISTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
IICITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
II
II
1986
VARIANCE -
IIFAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
IIREVENUES Interest income $ - $ 721 $ 721 $ 470
Other revenue -
IIdonations 8,000 - (8,000) 3,334
TOTAL REVENUES 8,000 721 (7,279) 3,804
I
EXPENDITURES
Culture and recreation
Supplies 6,000 - 6,000 -
II Other services and -
charges - - 162
Maintenance 1 ,000 - 1 ,000 55
I
Capital outlay 1 ,000 800 200 -
8,000 800 7,200 217
REVENUES OVER (UNDER)
I
EXPENDITURES $ - (79) $ (79) 3,587
I
Fund balance at beginning
of year 10,034 6,447
I
FUND BALANCE AT
END OF YEAR $ 9,955 $10,034
1
II
II
II
II -73-
I
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-7
COMPARATIVE BALANCE SHEET 11
CITY OF FRIENDSWOOD, TEXAS
11
September 30, 1986 and 1985
1
1
1986 1985
ASSETS 1
Accounts Receivable - Liens $ 7,113 $ -
Cash - restricted 6,234 7,062 1
TOTAL ASSETS $13,347 $ 7,062
1
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 425 $ 505
TOTAL LIABILITIES 425 505 1
FUND BALANCE
Unreserved 12,922 6,557
TOTAL FUND BALANCE 12,922 6,557
TOTAL LIABILITIES 1
AND FUND BALANCE $13,347 $ 7,062
1
1
1
1
1
1
-74- 1
I
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-8
IISTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
IICITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
II
1986
I VARIANCE -
FAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
I
REVENUES
Other revenue $ 1 ,000 $ 8,410 $ 7,410 $ 715
Interest on Investments - 422 422 67
IEXPENDITURES
Public works
II Other services and
charges 4,000 5,467 (1 ,467) 2,205
REVENUES OVER (UNDER)
I
EXPENDITURES (3,000) 3,365 6,365 (1 ,423)
OTHER FINANCING SOURCES
I
Operating transfers in 3,000 3,000 - 4,000
REVENUES AND OTHER
SOURCES OVER
IIEXPENDITURES $ - 6,365 $ 6,365 2,577
II Fund balance at beginning
of year 6,557 3,980
I
FUND BALANCE AT
END OF YEAR $12,922 $ 6,557
II
II
I
II
I
-75-
I
SPECIAL REVENUE FUND (FINE ARTS COMMISSION) EXHIBIT B-9
COMPARATIVE BALANCE SHEET 11
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 and 1985
1
i
1986 1985
ASSETS '
Cash - restricted $ 1 ,323 $ 42
TOTAL ASSETS $ 1 ,323 $ 42 1
FUND BALANCE I
Reserved for program expenditures $ 1,323 $ 42
TOTAL FUND BALANCE $ 1 ,323 $ 42
1
1
1
i
1
1
1
1
1
-76- 1
II
SPECIAL REVENUE FUND (FINE ARTS COMMISSION) EXHIBIT B-10
II
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
1 CITY OF FRIENDSWOOD, -TEXAS
Years ended September 30, 1986 and 1985
II
1986
I
VARIANCE -
FAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
I
REVENUES
Other revenue $ - $ - $ - $ 4,000
I
EXPENDITURES
Programs 6,000 4,719 1 ,281 4,958
IREVENUES OVER (UNDER)
EXPENDITURES (6,000) (4,719) 1 ,281 (958)
IIOTHER FINANCING SOURCES
Operating transfers in 6,000 6,000 - 1 ,000
11 REVENUES AND OTHER
SOURCES OVER
EXPENDITURES $ - 1 ,281 $ 1 ,281 42
II
Fund balance at beginning
g g
of year 42 -
II
FUND BALANCE AT
END OF YEAR $ 1 ,323 $ 42
II
II
II
II
II
II -77-
I
I
I
1
1
1
1
1
(This page intentionally left blank.) f
1
-78- '
I
I
I
II
II
II
II
II
II DEBT SERVICE FUND
This fund is used to account for the accumu-
lation of resources for and the payment of
I
principal and interst on general long-term debt
of the City.
II
II
II
I
II
II
II
II
I
-79-
I
DEBT SERVICE FUND EXHIBIT C-1
COMPARATIVE BALANCE SHEET 11
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 and 1985
1986 1985
ASSETS ,
Cash - including certificate of deposit $438,547 $199,491
Taxes receivable 92,885 71,408
TOTAL ASSETS $531 ,432 $270,899
LIABILITIES AND FUND BALANCE I
LIABILITIES
Due to other funds $ 4,670 $ 107
Deferred revenue 96,474 69,979
TOTAL LIABILITIES 101,144 70,086
FUND BALANCE
Unreserved
Designated for debt service 430,288 200,813
TOTAL FUND BALANCE 430,288 200,813
TOTAL LIABILITIES
AND FUND BALANCE $531 ,432 $270,899
11
-80- '
II
DEBT SERVICE FUND EXHIBIT C-2
IICOMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE
IICITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
II
I
1986 1985
II REVENUES
Taxes $ 1 ,030,771 $ 973,150
Interest 29,306 27,028
IITOTAL REVENUES 1 ,060,077 1 ,000,178
II EXPENDITURES
Principal retirement 10,516,427 377,608
Interest and fiscal charges 579,859 619,506
Bond insurance 127,273 -
II Bond discounts 191 ,714
Other bond refunding expenses 261 ,599
IITOTAL EXPENDITURES 11,676,872 997,114
REVENUES OVER
I
(UNDER) EXPENDITURES (10,616,795) 3,064
OTHER FINANCING SOURCES
Refunding bonds - Series 1986 10,650,778 -
' Transfers (annexation WCID #108) 195,492 -
REVENUES AND OTHER FINANCING
IISOURCES OVER EXPENDITURES 229,475 3,064
FUND BALANCE AT BEGINNING OF YEAR 200,813 197,749
IIFUND BALANCE AT END OF YEAR $ 430,288 $ 200,813
I
II
II
II
II -81-
I
I
1
I
1
I
1
1
(This page intentionally left blank.) 1
1
-82- '
1
1
1
1
1
1
1 CAPITAL PROJECTS FUND
1 This fund is used to account for financial
resources to be used for the acquisition and
construction of major capital facilities.
1
1
1
1
i
1
1
1
1
1
1 -83-
CAPITAL PROJECTS FUND EXHIBIT D-1
COMPARATIVE BALANCE SHEET 11
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 and 1985
i
1986 1985
ASSETS
Cash - including certificates of deposit $ 29,467 $ 52,621
Accounts receivable - State Grants 200,000
TOTAL ASSETS $ 229,467 $ 52,621
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 246,106 $ 40,462
Due to other funds 200,000 -
TOTAL LIABILITIES 446,106 40,462
FUND BALANCE
Designated for construction (216,639) 12,159
TOTAL LIABILITIES AND FUND BALANCE $ 229,467 $ 52,621
1
1
1
1
1
-84- '
CAPITAL PROJECTS FUND EXHIBIT D-2
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE
' CITY OF FRIENDSWOOD, TEXAS -
Years ended September 30, 1986 and 1985
1986 1985
' REVENUES
Interest income $ 4,849 $ 500
State grants 408,883 101 ,202
Other revenue 112
413,844 101 ,702
' EXPENDITURES
Capital outlay 1 ,692,833 925,366
' REVENUES UNDER EXPENDITURES (1 ,278,989) (823,664)
OTHER FINANCING SOURCES
Operating transfers in 1 ,050,191 791 ,348
REVENUES AND OTHER SOURCES
UNDER EXPENDITURES (228,798) (32,316)
IIFund balance at beginning of year 12,159 44,475
FUND BALANCE AT END OF YEAR $(216,639) $ 12,159
' -85-
3
I
1
1
t
I
I
(This page intentionally left blank.) '
-86- '
t
I
ENTERPRISE FUND
' The Enterprise Fund is established to account
for operations which are intended to be self-
supporting through user charges. The City of
' Friendswood operates the water and sewer system
on this basis.
' -87-
:1
ENTERPRISE FUND (WATER AND SEWER)
COMPARATIVE BALANCE SHEET 11
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 and 1985
1986 1985 I
ASSETS
CURRENT ASSETS I
Cash - including certificates of
deposit $ 188,739 $ 34,648
Accounts receivable - net allowance 1
for uncollectibles 469,134 377,160
Accrued interest 3,400 9,157
Due from other funds - 601 IITOTAL CURRENT ASSETS 661,273 421,566
RESTRICTED ASSETS IICash - including certificates of
deposit 1 ,415,928 1 ,610,705
Blackhawk operating fund equity 43,871 75,408
1 ,459,799 1 ,686,113 I
PROPERTY, PLANT, AND EQUIPMENT - at cost
Land 137,062 135,387 IIBuildings, improvements, and equipment 21 ,486,642 18,041 ,557
Construction in progress 639,977 625,844
22,263,681 18,802,788 IILess accumulated depreciation 3,263,354 2,724,092
TOTAL PROPERTY, PLANT IIAND EQUIPMENT 19,000,327 16,078,696
I
1
TOTAL ASSETS $21,121,399 $18,110,967 1
II
1
II
-88- '
II
EXHIBIT E-1
II
I
II1986 1985
LIABILITIES AND FUND EQUITY
IILIABILITIES
Current liabilities (payable from current
II assets)
Accounts payable $ 97,551 $ 81 ,241
Accrued expenses 24,485 18,767
I Accrued interest
Due to other funds 13,816 -
TOTAL CURRENT LIABILITIES 14 6,704
2,556 10 7,875
7,883
II Current liabilities (payable from
restricted assets)
Deferred tap revenues - 1 ,200,000
II Current portion of revenue bonds
Deposits 125,000
67,023 120,000
72,740
192,023 1 ,392,740
II Long-term liabilities
Revenue bonds (net of current portion) 1 ,245,000 1 ,370,000
TOTAL LIABILITIES 1 ,579,579 2,870,623
II FUND EQUITY
Blackhawk operating fund equity 43,871 75,408
II Contributed capital
Municipality 14,766,347 12,551 ,492
14,810,218 12,626,900
II Retained earnings
Reserved for construction 1 ,873,857 377,409
Reserved for revenue bond retirement 307,393 266,132
II• 4,731 ,602
Unreserved 2,550,352
2,045,311
2,688,852
TOTAL FUND EQUITY 19,541 ,820 15,315,752
IITOTAL LIABILITIES AND FUND EQUITY $21 ,121 ,399 $18,186,375
I
II
II
I -89-
:I
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-2
STATEMENT OF REVENUES AND EXPENSES - BUDGET AND ACTUAL II
CITY OF FRIENDSWOOD, TEXAS
II
Years ended September 30, 1986 and 1985
1986
II
VARIANCE -
FAVORABLE 1985
BUDGET ACTUAL (UNFAVORABLE) ACTUAL II
Operating revenues
Water and sewer charges $2,888,911 $4,142,130 $1,253,219 $2,002,974
WCID #108 sewer fee 30,000 31,863 1,863 95,932 , II
Fees and penalties 5,000 7,734 2,734 5,001
Other income 32,000 41 ,845 9,845 889
2,955,911 4,223,572 1 ,267,661 2,104,796 1
Operating expenses before IIdepreciation -
See Exhibit E-3 1,280,500 1,335,305 (54,805) 1,193,709
OPERATING INCOME
II
BEFORE DEPRECIATION 1 ,675,411 2,888,267 1,212,856 911,087
Depreciation expense - 539,261 (539,261) 448,182 1
OPERATING INCOME 1 ,675,411 2,349,006 673,595 462,905
Non-operating income (expense) I
Interest on investments 38,000 123,376 85,376 101,258
Intergovernmental revenue - - - 500
Interest expense (84,300) (83,129) 1 ,171 (92,475) I
(46,300) 40,247 86,547 9,283
Income before operating I
transfers (Note) 1,629,111 2,389,253 760, 142 472,188
Operating transfers in 195,408 195,408 - -
Operating transfers (out) (541,911) (541,911) - (122,000) I
NET INCOME $1,282,608 $2,042,750 $ 760,142 $ 350,188
1
Note: Transfers do not include an Equity Transfer out to General Fund for
retirement of General Long Term Debt of $195,000.
II
II
II
-90- '
1
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-3
IISTATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
ICITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
I
1986
VARIANCE -
FAVORABLE 1985
IBUDGET ACTUAL (UNFAVORABLE) ACTUAL
Water
Personal services $ 222,773 $ 240,972 $(18,199) $ 160,084
II Supplies 36,650 29,424 7,226 28,847
Other services and
charges 142,475 153,940 (11 ,465) 139,511
I
Maintenance 48,650 132,973 (84,323) 39,655
450,548 557,309 -- (106,761) 368,097
II Sewer
Personal services 130,266 137,289 (7,023) 115,142
Supplies 14,225 14,855 ( 630) 11 ,455
Other services and
IIcharges 143,011 118,971 24,040 142,977
Maintenance 62,450 165,517 (103,067) 136,826
Waste disposal fees 480,000 341 ,364 138,636 419,212
I
829,952 777,996 51 ,956 825,612
Operating expenses before
II
depreciation $1 ,280,500 $1,335,305 $(54,805) $1,193,709
1
1
1
1
1
1
1
II -91-
I
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I
1
I
1
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I
1
-92-
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-4
' SCHEDULE OF REVENUE BONDS PAYABLE
' CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
' DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1986
' Waterworks and Sanitary
Sewer System Revenue
Bonds, Series 1969 6.50 % 5-1-69 $340,000 3-1-90 $ 105,000
6.125 5-1-69 360,000 3-1-99 360,000
465,000
' Waterworks and Sanitary
Sewer System Junior Lien
Revenue Bonds,
Series 1979 5.50 6-1-79 450,000 3-1-88 50,000
5.50 6-1-79 155,000 3-1-92 155,000
5.50 6-1-79 115,000 3-1-93 115,000
5.50 6-1-79 235,000 3-1-96 235,000
' 5.50 6-1-79 150,000 3-1-89 100,000
6.25 6-1-79 100,000 3-1-89 100,000
6.50 6-1-79 150,000 3-1-92 150,000
905,000
TOTAL REVENUE BONDS PAYABLE $1,370,000
I
' -93-
3
ENTERPRISE FUND (WATER AND SEWER FUND)
REVENUE BONDS PAYABLE - BY MATURITY DATE 11
CITY OF FRIENDSWOOD, TEXAS II
September 30, 1986
I
YEAR ENDING II
SEPT. 30 PRINCIPAL INTEREST TOTAL
1987 $ 125,000 $ 77,338 $ 202,338 I
1988 125,000 70,025 195,025
1989 125,000 62,525 187,525
1990 130,000 54,800 184,800 II
1991 130,000 46,906 176,906
1992 135,000 38,916 173,916
1993 135,000 31 ,022 166,022 II1994 135,000 23,378 158,378
1995 140,000 15,581 155,581
1996 45,000 10,244 55,244 II1997 45,000 7,503 52,503
1998 50,000 4,594 54,594
1999 50,000 1,531 51 ,531
$1 ,370,000 $ 444,363 $1,814,363 '
I
II
II
II
I
II
II
1
-94- '
II
EXHIBIT E-5
II
II
I
REVENUE BONDS
WATERWORKS AND WATERWORKS AND
SANITARY SEWER SYSTEM SANITARY SEWER SYSTEM
I
REVENUE BONDS SERIES 1969 JUNIOR LIEN REVENUE BONDS
SERIES 1979
PRINCIPAL INTEREST PRINCIPAL INTEREST
II $ 25,000 $ 28,063 $ 100,000 $ 49,275
25,000 26,437 100,000 43,588
25,000 24,813 100,000 37,712
I 30,000 23,025 100,000 31 ,775
30,000 21 ,131 100,000 25,775
35,000 19,141 100,000 19,775
I
35,000 16,997 100,000 14,025
35,000 14,853 100,000 8,525
40,000 12,556 100,000 3,025
40,000 10,106 5,000 138
II 45,000 7,503
50,000 4,594
50,000 1 ,531
II $465,000 $210,750 $ 905,000 $233,613
II
II
II
I
II
II
II
II
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-95-
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IFIDUCIARY FUND
I This fund is used to account for assets held by
the City in a trustee capacity for individuals
and private organizations.
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-97-
I
FIDUCIARY FUND (NON-EXPENDABLE TRUST) EXHIBIT F-1
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS '
September 30, 1986 and 1985
1986 1985 '
ASSETS
Restricted assets
Cash $ 18,935 $ 18, 123
Land 57,200 57,200
TOTAL ASSETS $ 76, 135 $ 75,323
FUND BALANCE
Reserved for endowments $ 67,200 $ 67,200
Unreserved/undesignated 8,935 8,123
TOTAL FUND BALANCE $ 76,135 $ 75,323 t
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FIDUCIARY FUND (NON-EXPENDABLE TRUST) EXHIBIT F-2
COMPARATIVE STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND BALANCE
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1986 and 1985
1986 1985
' REVENUES
Interest income $ 812 $ 1,327
TOTAL REVENUES 812 1,327
' Fund balance at beginning of year 75,323 73,996
' FUND BALANCE AT END OF YEAR $ 76,135 $ 75,323
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' GENERAL FIXED ASSETS ACCOUNT GROUP
This account group is established to account
for the fixed assets owned by the City exclusive
of those relating to the Enterprise Fund or
Fiduciary Fund. Expenditure transactions to
acquire general fixed assets occur in the
General Fund, Special Revenue Fund and Capital
Projects Fund.
' -101-
11
GENERAL FIXED ASSETS EXHIBIT G-1
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
I
General Fixed Assets
Land $ 911,728
Buildings 1,013,664
Improvements 7,037,275
Equipment 1 ,868,192
Construction in progress 1 ,154,850 '
TOTAL GENERAL FIXED ASSETS $11 ,985,709
Investment in General Fixed Assets from
Capital Projects Funds
General obligation bonds $ 4,572,653
Time warrants and certificates of obligation 244,500
Federal and State grants 1 ,196,016 '
Municipality 5, 167,999
Donations 804,541
TOTAL INVESTMENT IN GENERAL FIXED ASSETS $11 ,985,709 '
-102- '
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GENERAL FIXED ASSETS EXHIBIT G-2
IISCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY
U
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
II CONSTRUCTION
FUNCTION AND IN
I
ACTIVITY LAND BUILDINGS IMPROVEMENTS EQUIPMENT PROGRESS TOTAL
General Government
I
Inspections $ - $ - $ - $ 9,570 $ _ $ 9,570
City hall 10,524 257,414 289,157 557,095
10,524 257,414 - 298,727 - 566,665
I
Public Safety -
Police 28,581 - -462,337 490,918
Fire 18,000 230,677 - 658,266 - 906,943
II Animal shelter _ 6,073 _ 6,073
Civil defense 11 ,426 11,426
1 ,000 259,258 - 1,138,102 - 1 ,415,360
11 Public Works Street 97,605 112,906 6,450,066 115,858 - 6,776,435
Sanitation, 3,500 - 254,997 50,529 - 309,026
I
101 ,105 112,906 6,705,063 166,387 - 7,085,461
Community Services
II
Library 7,838 304,296 - 139,274 - 451 ,408
Parks and
recreation 774,261 79,790 332,212 125,702 - 1 ,311 ,965
782,099 384,086 332,212 264,976 - 1 ,763,373
IIConstruction in
progress - - - - 1,154,850 1 ,154,850
IITOTAL GENERAL
FIXED ASSETS
ALLOCATED TO
IIFUNCTIONS $911 ,728 $1,013,664 $7,037,275 $1,868,192 $1,154,850 $11 ,985,709
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-103-
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GENERAL FIXED ASSETS EXHIBIT G-3
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS - 11
BY FUNCTION AND ACTIVITY
CITY OF FRIENDSWOOD, TEXAS 1
September 30, 1986
II
BALANCE AT BALANCE AT
SEPT. 30, 1985 ADDITIONS RETIREMENTS SEPT. 30, 1986
II
General Government
Inspections $ 9,155 $ 415 $ - $ 9,570 IICity hall 531 ,838 26,457 1 ,200 557,095
540,993 26,872 1 ,200 566,665
Public Safety
Police 374,282 116,636 - 490,918 II
Fire 721,832 188,111 3,000 906,943
Animal shelter 6,073 - - 6,073 IICivil defense 11 ,426 - - 11 ,426
1 ,113,613 304,747 3,000 1,415,360
Public Works I
Street 5,767,797 1 ,008,638 - 6,776,435
Sanitation 309,026 - - 309,026
6,076,823 1 ,008,638 - 7,085,461 1
Community Services
Library 445,008 6,400 - 451 ,408 I
Parks, recreation
and cemetery 1,294,468 17,497 - 1,311,965
1,739,476 23,897 - 1,763,373
Construction in I
progress 372,299 1 ,692,833 910,282 1,154,850
TOTAL $9,843,204 $3,056,987 $ 914,482 $11 ,985,709 1
(Note)
II
Note: Beginning balances of General Fixed Assets are increased by $111 ,822 to
account for prior year capital leases set up in the current year.
II
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-104- ,
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GENERAL LONG-TERM DEBT ACCOUNT GROUP
II The purpose of this account group is to account
for general obligation indebtedness to be retired
primarily from future assessment of ad valorem
taxes.
II
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-105-
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GENERAL LONG-TERM DEBT
STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT 11
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1986
BALANCE AT
OCT. 1 ,
1985 '
Amount available in Debt Service Fund $ 200,813
Amount to be provided for retirement of '
long-term debt 8,076,076
TOTAL AVAILABLE AND
TO BE PROVIDED $8,276,889
Classification of debt '
Employee benefits payable $ 142,470
Lease obligation 88,419
Certificates of obligation 52,000 1
General obligation bonds 7,994,000
TOTAL GENERAL LONG-TERM DEBT $8,276,889 '
(Note 1)
Note 1 - Balance at October 1, 1985
The beginning balances for Amount to be provided and Lease obligations are
both restated. Both amounts are increased for capital leases outstanding
in the amount of $88,419. In addition, Amount to be provided and Employee
benefits payable beginning balances are restated to show an increase of
$142,470.
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-106- '
II
EXHIBIT H-1
II
II
IIOBLIGATIONS DEBT SERVICE BALANCE AT
OBLIGATIONS ASSUMED/ FUND SEPT. 30,
I
RETIRED ISSUED OPERATIONS 1986
$ - $ - $229,475 $ 430,288
II10,516,427 13,110,223 (229 475) 10,440,397
II $10,516,427 $13,110,223 $ - $10,870,685
II
$ - $ 19,445 $ 161,915
II
30,427 - 57,992
I
52,000 - -
10,434,000 13,090,778 10,650,778
I $10,516,427 $13,110,223 $10,870,685
(Note 2)
IINote 2 - Obligations Assumed/Issued
I
Assumed: The City assumed the debt of WCID #108 upon annexation in the
amount of $2,440,000.
I Issued: The City issued Refunding Bonds, Series 1986, in the amount of
$10,650,778 for the purpose of refunding all prior General
Long-Term Debt (excluding Capital Leases).
I
Employee benefits payable are adjusted to show the net change in
accrued benefits during the year.
II
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GENERAL LONG-TERM DEBT EXHIBIT H-2
ISCHEDULE OF GENERAL LONG-TERM DEBT
I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
I
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1986
II Refunding Bonds
Series 1986 4.25% 8-15-86 $585,000 3-1-87 $ 585,000
5.00 8-15-86 660,000 3-1-88 660,000
II
5.50 8-15-86 655,000 3-1-89 655,000
6.00 8-15-86 670,000 3-1-90 670,000
6.25 8-15-86 715,000 3-1-91 715,000
I
6.50 8-15-86 790,000 3-1-92 790,000
6.75 8-15-86 835,000 3-1-93 835,000
7.00 8-15-86 890,000 3-1-94 890,000
I 7.10 8-15-86 855,000 3-1-95 855,000
7.20 8-15-86 935,000 3-1-96 935,000
7.30 8-15-86 990,000 3-1-97 990,000
7.40 8-15-86 795,000 3-1-98 795,000
I
7.50 8-15-86 835,000 3-1-99 835,000
7.75 8-18-86 310,834 3-1-00 310,834
7.80 8-18-86 55,989 3-1-01 55,898
I
7.85 8-18-86 27,209 3-1-02 27,209
7.90 8-18-86 24,993 3-1-03 24,993
7.90 8-18-86 21,844 3-1-04 21,844
ITOTAL BONDS PAYABLE $10,650,778
Capital lease
I
Computer system 12.46 12-15-85 81 ,002 11-15-88 36,827
Capital Lease
I
Radios 10.75 9-15-85 24,000 12-15-90 21,165
TOTAL CAPITAL LEASES 57,992
IIAccrued employee benefits
(long term portion) 161 ,915
TOTAL GENERAL
I
LONG-TERM DEBT $10,870,685
II
II
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3
GENERAL LONG-TERM DEBT
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 1 of 2 II
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1986
II
II
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTAL II
1987 $ 620,385 $ 692,829 $ 1,313,214
1988 670,213 630,868 1 ,301 ,081
1989 660,142 595,746 1 ,255,888 I
1990 675,723 557,053 1 ,232,776
1991 716,529 514,133 1 ,230,662
1992 790,000 466,087 1 ,256,087 II
1993 835,000 412,231 1 ,247,231
1994 890,000 352,900 1 ,242,900
1995 855,000 291 ,398 1,146,398 I
1996 935,000 227,385 1 ,162,385
1997 990,000 157,590 1 ,147,590
1998 795,000 92,040 887,040
1999 835,000 31 ,313 866,313 II
2000 310,834 559,166 870,000
2001 55,898 114,102 170,000
2002 27,209 62,791 90,000 II
2003 24,993 65,007 90,000
2004 21,844 63,156 85,000
$10,708,770 $5,885,795 $16,594,565 I
EMPLOYEE
BENEFITS 161 ,915 II
TOTAL GENERAL
LONG-TERM DEBT $10,870,685 II
Note: Employee benefits are paid based on amounts used by an employee during any
year, or upon termination of the employee. 11
11
II
II
-110- 1
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EXHIBIT H-3
II
11
II
REFUNDING BONDS - SERIES 1986 IIYEAR CURRENT INTEREST BONDS COMPOUND INTEREST BONDS
ENDING INTEREST INTEREST
SEPT. 30 RATE PRINCIPAL INTEREST RATE PRINCIPAL INTEREST TOTAL II
1987 4.25 $ 585,000 $ 687,908 $ 1,272,908
1988 5.00 660,000 629,175 1,289,175 II1989 5.50 655,000 594,662 1 ,249,662
1990 6.00 670,000 556,550 1 ,226,550
1991 6.25 715,000 514,106 1 ,229,106
1992 6.50 790,000 466,087 1 ,256,087 I
1993 6.75 835,000 412,231 1 ,247,231
1994 7.00 890,000 352,900 1 ,242,900
1995 7.10 855,000 291 ,398 1 ,146,398 II1996 7.20 935,000 227,385 1 ,162,385
1997 7.30 990,000 157,590 1 ,147,590
1998 7.40 795,000 92,040 887,040 II1999 7.50 835,000 31,313 866,313
2000 7.75 310,834 559,166 870,000
2001 7.80 55,898 114,102 170,000
2002 7.85 27,209 62,791 90,000 II2003 7.90 24,993 65,007 90,000
2004 7.90 21,844 63,156 85,000
$10,210,000 $5,013,345 $440,778 $864,222 $16,528,345 I
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GENERAL LONG-TERM DEBT ACCOUNT GROUP EXHIBIT H-3
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 2 of 2
' CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
CAPITAL LEASES
COMPUTER SYSTEM RADIOS
YEAR ENDING INTEREST INTEREST
SEPT. 30 RATE PRINCIPAL INTEREST RATE PRINCIPAL INTEREST
1987 12.46 $31 ,234 $2,846 10.75 $ 4,151 $2,075
1988 12.46 5,593 87 10.75 4,620 1,606
' 1989 1990 10.75 5,142 1 ,084
10.75 5,723 503
1991 10.75 1 ,529 27
1992
1993
1994
1995
' 1996
1997
1998
1999
2000
2001
2002
2003
2004
' $36,827 $2,933 $21,165 $5,295
' -112-
II
GENERAL LONG-TERM DEBT ACCOUNT GROUP EXHIBIT H-4
IICOMPOUND BONDS - ACCRUED INTEREST SCHEDULE
I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
II
II
YEAR ENDING $310,834 $55,898 $27,209 $24,993 $21,844
I
SEPT. 30 $ 7.75% @ 7.80% @ 7.85% @ 7.90% @ 7.90%
1986 $ - $ - $ - $ - $ -
1987 31 ,384 5,775 2,876 2,703 2,398
' 1988 26,523 4,811 2,362 2,188 1 ,915
1989 28,576 5,186 2,547 2,361 2,066
1990 30,793 5,590 2,747 2,547 2,230
II
1991 33,178 6,026 2,963 2,748
2,966 2,406
1992 35,750 6,496 3,195 2,596
1993 38,520 7,003 3,446 3,200 2,801
1994 41 ,506 7,549 3,717 3,453 3,022
II
1995 44,723 8,138 4,008 3,725 3,261
1996 48,188 8,773 4,323 4,020 3,518
1997 51 ,923 9,457 4,662 4,337 3,797
' 1998 55,948 10,195 5,028 4,680 4,096
1999 60,282 10,990 5,423 5,050 4,420
2000 31 ,872 11,847 5,849 5,449 4,769
II 2001 6,266 6,297 5,879 5,146
2002 3,348 6,344 5,553
2003 3,357 5,991
2004 3,171
I $559,166 $114,102 $62,791 $65,007 $63,156
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COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS EXHIBIT I-1
CITY OF FRIENDSWOOD, TEXAS
September 30, 1980 '
INTEREST MATURITY
DESCRIPTION RATE DATE AMOUNT
Certificates of Deposit
Texas Commerce Bank,
Friendswood, Texas
Number 8664 5.30% 10/06/86 $ 300,000 '
Number 8665 5.25% 10/13/86 400,000
Number 8674 5.25% 10/20/86 350,000 '
Number 8675 5.25% 10/27/86 350,000
Number 8678 5.25% 11/03/86 250,000 '
Number 8679 5.25% 11/10/86 300,000 '
Number 8683 5.25% 11/17/86 250,000
TOTAL ALL FUNDS $2,200,000 '
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-116-
II
IISCHEDULE OF DELINQUENT TAXES RECEIVABLE EXHIBIT I-2
CITY OF FRIENDSWOOD, TEXAS
II September 30, 1986
I
I
DELINQUENT TAXES RECEIVABLE
GENERAL DEBT SERVICE
YEAR FUND FUND TOTAL
II1985 48,352 131 ,918 180,270
1984 17,887 42,439 60,326
II1983 14,135 32,515 46,650
1982 5,258 10,112 15,370
1981 2,352 5,089 7,441
1980 1,802 3,925 5,727
I
1979 902 3,199 4,101
1978 701 2,826 3,527
1977 550 1 ,307 1 ,857
I
1976 1975 609 1 ,127
559 1 ,736
212 771
1974 46 163 209
1973 11 80 91
I 1972 1 8 9
1971 9 15 24
1970 10 15 25
I
1969 5 20 25
1968 8 16 24
1967 10 14 24
I 1966
25 49 74
TOTAL DELINQUENT
TAXES RECEIVABLE $ 92,885 $235,396 $328,281
II
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ISTATISTICAL SECTION
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GENERAL REVENUE - BY SOURCE
II
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years I
INTER- LICENSES CHARGES IIFISCAL GOVERNMENTAL AND FOR SERVICE INTEREST
YEAR REVENUE TAXES PERMITS (SANITATION) INCOME
1976-77 $ 58,654 $1 ,421 ,916 $ 27,438 $156,311 $ 27,628 I
1977-78 128,182 1 ,518,773 57,551 193,249 103,841
1978-79 154,370 1 ,862,738 54,724 212,093 67,775 1
1979-80 220,470 1 ,780,798 43,399 268,481 36,272
1980-81 143,760 2,416,105 49,580 275,870 75,172
1981-82 311 ,695 2,188,070 75,292 289,034 125,888 1
1982-83 97,271 2,602,930 180,972 344,178 91 ,593
1983-84 335,077 3,285,018 167,484 431 ,941 112,516 I
1984-85 535,955 4,018,210 138,074 532,701 127,909
1985-86 124,114 4,663,092 148,740 470,177 88,521
I
Includes the General, Special Revenue, and Debt Service Funds.
II
Source - Accounting records of the City.
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' EXHIBIT I
FINES AND MISCELLANEOUS
FORFEITURES REVENUE TOTAL
U
$ 19,103 $15,876 $1 ,726,926
25,542 28,078 2,055,216
' 69,228 43,771 2,464,699
' 103,447 42,168 2,495,035
129,824 31 ,250 3,121 ,561
' 111,975 84,124 3,186,078
102,609 123,088 3,542,641
128,694 42,473 4,503,203
138,302 41,551 5,532,702
' 120,195 28,850 5,643,689
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I
GENERAL GOVERNMENTAL EXPENDITURES - BY FUNCTION
II
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years I
CULTURE. IIFISCAL GENERAL PUBLIC PUBLIC AND
YEAR GOVERNMENT SAFETY WORKS SANITATION RECREATION
1976-77 $ 254,632 $ 323,833 $185,554 $200,724 $184,759 1
1977-78 282,252 438,013 235,506 223,878 180,216
1978-79 428,395 626,906 292,116 271 ,220 391 ,512 1
1979-80 462,461 798,798 329,713 261 ,471 208,473
II
1980-81 626,120 754,259 452,316 292,896 208,292
1981-82 680,792 856,648 474,575 288,813 299,028 1
1982-83 714,608 1 ,188,214 596,633 336,635 314,853
1983-84 812,289 1 ,311 ,923 958,188 436,299 390,361 1
1984-85 954,086 1 ,388,760 523,653 512,504 373,412
1985-86 1 ,221 ,176 1 ,737,503 723,779 484,851 453,408 II
I
Includes the General, Special Revenue, and Debt Service Funds. II
Source - Accounting records of the City.
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I
IEXHIBIT II
I
I HEALTH
AND DEBT
WELFARE SERVICE TOTAL
I $ 6,905 $ 140,810 $ 1,297,217
6,748 158,108 1 ,524,721
I8,047 272,800 2,290,996
' 123,200 274,096 2,458,212
58,179 302,732 2,694,794
I42,243 414,440 3,056,539
46,582 497,405 3,694,930
1 48,014 983,609 4,940,683
67,919 997,114 4,817,448
78,966 11 ,676,872 16,376,555
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I
TAX REVENUES - BY SOURCE EXHIBIT III
CITY OF FRIENDSWOOD, TEXAS
II
Last Ten Fiscal Years
I
GENERAL GENERAL BUSINESSGROSS INDUSTRIAL
FISCAL TOTAL PROPERTY SALES RECEIPTS DISTRICT BEVERAGE
YEAR TAXES TAXES TAX TAXES TAXES' TAX
II
1976-77 $1 ,421 ,916 $ 956,474 $119,044 $ 63,229 $280,053 $3,116
II1977-78 1,518,773 1 ,012,351 154,946 77,047 270,982 3,447
1978-79 1 ,862,738 1 ,128,611 191,789 92,446 446,302 3,590
I1979-80 1 ,780,798 1 ,206,271 275,675 107,731 186,678 4,443
1980-81 2,416,105 1 ,446,071 415,228 178,789 371 ,622 4,395
II
1981-82 2,188,070 1 ,599,521 99,497 185,708 302,064 1 ,280
I
1982-83 2,602,930 2,113,715 336,234 151 ,746 - 1,235
1983-84 3,285,018 2,727,942 351,431 204,275 - 1 ,370
II1984-85 4,018,210 3,319,149 424,498 273,184 - 1 ,379
1985-86 4,663,092 3,826,171 (1) 483,629 352,186 - 1 ,106
I 'Contract with Industrial District from 1976 to 1980 and a new contract from 1980 to
1982 with a guarantee of a least $300,000 a year.
ISource - Accounting records of the City.
(1) Current taxes $3,680,672
I
Delinquent taxes 112,025
Penalty & Interest 77,262
Refunds payable (13,381)
I
Disbursements to others (13,919)
Homestead exemptions (16,488)
II
TOTAL $3,826,171
II
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II
PROPERTY TAX LEVIES AND COLLECTIONS
II
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years I
PERCENT II
FISCAL TAX TAX TOTAL CURRENT TAX OF LEVY I
YEAR YEAR RATE TAX LEVY COLLECTIONS COLLECTED
1976-77 1976 1 .20 $ 961 ,441 932,258 96.96
1977-78 1977 1 .15 1 ,021 ,935 987,372 96.62 I
1978-79 1978 1.15 1 ,147,958 1,105,811 96.33
II
1979-80 1979 1 .15 1 ,231 ,876 1 ,175,513 95.42
1980-81 1980 .775 (1) 1 ,459,086 1 ,394,770 95.59 II
1981-82 1981 .775 1 ,586,474 1 ,531 ,878 96.56
1982-83 1982 .735 2,068,817 1 ,989,751 96.18 I
1983-84 1983 .720 2,491 ,879 2,400,000 96.32 II1984 85 1984 .720 3,348,234 3,224,304 96.30
1985-86 (2) 1985 .7095 3,870,699 3,680,672 95.10 I
(1) Assessment ratio increased in 1980 to 100% of market value per $100 valuation.
(2) All amounts for 85/86 are adjusted for Taxes Receivable as of January, 1986. I
For WCID #108 annexed by the City, the adjustments are as follows:
RECEIVABLES BALANCE ATII
ASSUMED COLLECTIONS YEAR END
1985 71 ,482 65,023 6,459
Prior Years 16,216 5,422 10,794 II
Source - Tax assessor/collector's records. II
II
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II
II
EXHIBIT IV
II
TOTAL
II COLLECTION OUTSTANDING
AS A DELINQUENT
DELINQUENT TOTAL PERCENT OUTSTANDING TAXES AS A
I TAX
TAX OF CURRENT DELINQUENT PERCENT OF
LECTIONS COLLECTIONS LEVY TAXES CURRENT LEVY
$ 24,216 $ 956,474 99.48 $ 52,130 5.42
II24,979 1,012,351 99.06 61 ,533 6.02
I
22,800 1,128,611 98.31 79,839 6.95
30,758 1,206,271 97.92 102,969 8.36
II51,301 1,446,071 99.11 135,756 9.30
67,643 1 ,599,521 100.82 142,473 8.98
11 123,964 2,113,715 102.17 123,882 5.99
I
50,915 2,450,915 98.36 169,380 6.80
55,528 3,279,832 97.96 232,879 6.96
I
112,025 3,792,697 97.98 328,281 8.48
II
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ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY 1
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years I
REAL PROPERTY PERSONAL PROPERTY 11
ESTIMATED ESTIMATED
FISCAL TAX ASSESSED ACTUAL ASSESSED ACTUAL I
YEAR YEAR VALUE VALUE VALUE VALUE
1976-77 1976 $ 79,476,130 $132,460,220 $1,225,050 $2,041 ,750 I
1977-78 1977 87,796,960 146,328,267 1 ,738,760 2,897,933
1978-79 1978 98,489,560 164, 149,267 2,062,730 3,437,883 I
1979-80 1979 105,509,070 175,848,450 2,242,850 3,738,083
1980-81 1980 (1) 184,417,212 184,417,212 5,084,410 5,084,410 I
1981-82 1981 199,752,590 199,752,590 6,432,770 6,432,770 II
1982-83 1982 291,156,780 291,156,780 7,295,310 7,295,310
1983-84 1983 436,557,744 436,557,744 6,389,970 6,389,970 II
1984-85 1984 588,137,580 588, 137,580 10,731,940 10,731,940
1985-86 1985 636,203,660 636,203,660 9,688,000 9,688,000 II
II
(1) Assessment ratio increased in 1980 to 100% of market value per $100 valuation.
Source - Tax assessor/collector's records II
1
1
11
1
I
-12811
-
I
II
EXHIBIT V
I
II TOTAL TOTAL RATIO OF
ESTIMATED ASSESSED TAXABLE ASSESSED VALUE
ASSESSED ACTUAL VALUE OF ASSESSED TO ESTIMATED
IIVALUE VALUE EXEMPTIONS VALUE ACTUAL VALUE
$ 80,701,180 $ 134,501,970 $ 581 ,095 $ 80,120,085 60%
I89,535,720 149,226,200 671 ,810 88,863,910 60
II
100,552,290 167,587,150 573,900 99,978,390 60
107,751 ,920 179,586,533 633,440 107,118,480 60
II189,501 ,622 189,501,622 1 ,987,238 187,514,384 100
206,185,360 206,185,360 4,380,567 201 ,804,793 100
I298,452,090 298,452,090 85,672,799 212,779,291 100
' 442,947,714 442,947,714 96,853,365 346,094,349 100
598,869,520 598,869,520 133,837,020 465,032,500 100
I645,891 ,660 645,891,660 111 ,788,728 534,102,932 100
II
II
II
II
I
I
I -129-
11
PROPERTY TAX RATES AND TAX LEVIES -
ALL OVERLAPPING GOVERNMENTS - 1 of 2II
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years I
FRIENDSWOOD CLEAR CREEK II
INDEPENDENT INDEPENDENT
FISCAL TAX CITY OF SCHOOL SCHOOL
YEAR YEAR FRIENDSWOOD DISTRICT DISTRICT I
TAX RATE
1976-77 1976 1 .20 1 .90 1 .84 I
1977-78 1977 1 .15 1 .84 1 .84
1978-79 1978 1 .15 1 .84 1 .55
1979-80 1979 1 .15 1 .81 .82 II
1980-81 1980 .775 (1) 1.77 .82
1981-82 1981 .775 1 .86 .88
1982-83 1982 .735 1 .83 .83 II
1983-84 1983 .720 1 .79 .82
1984-85 1984 .720 1 .46 .82
1985-86 1985 .7095 1 .46 .92 II
TAX LEVIES
1976-77 1976 961 ,441 2,084,644 10,506, 189 I
1977-78 1977 1 ,021 ,935 2,255,166 10,499,589
1978-79 1978 1 ,147,958 2,456,479 14,315,746
1979-80 1979 1 ,231 ,876 2,718,490 16,431 ,313
1980-81 1980 1 ,459,086 3,123,225 19,977,989 II
1981-82 1981 1 ,586,474 3,567,480 22,647,479
1982-83 1982 2,068,817 4,854,834 25,331,425 II
1983-84 1983 2,491 ,879 5,233,942 27,542,883
1984-85 1984 3,348,234 5,123,436 31 ,308,670
1985-86 1985 3,799,737 5,802,869 41 ,309,808
11
(1) Assessment ratio increased in 1980 1
to 100% of market value per $100 valuation.
II
II
I
II
-130- 1
I
IIEXHIBIT VI
II
II
CLEAR CREEK
GALVESTON HARRIS DRAINAGE I
COUNTY COUNTY DISTRICT
TAX RATE
I .970 1 .160 .100
.970 1 .110 .100
I
.940.930 1 .100 .100
1 .100 .080
.915 1 .130 .100
.300 .376 .100
I
.300 .360 .150
.395 .377 .150
.395 .277 .150
I
.385 .27878 .150
TAX LEVIES
II 9,170,621 150,413,705 91 ,534
10,478,788 86,209,774 99,764
`; 10,719,130 140,067,072 113,473
II 11 ,871 ,339 152,422,186 101 ,276
12,957,655 175,846,769 163,441
18,673,000 218,001 ,248 256,004
II
18,137,783 238,964,304 486,722
26,640,815 270,971 ,084 506,281
28,607,391 312,288,939 609,854
29,255,237 321 ,822,000 742,703
III
I
I
I
I
I
I -131-
1
PROPERTY TAX RATES AND TAX LEVIES -
ALL OVERLAPPING GOVERNMENTS - 2 of 211
FRIENDSWOOD CLEAR CREEK
INDEPENDENT INDEPENDENT
CITY OF SCHOOL SCHOOL
FRIENDSWOOD DISTRICT DISTRICT
Tax Rate Limits
1) Amount $2.50 $1 .50 $1 .50
2) Source Statutory Statutory Statutory '
Due date
Current taxes 10-1 10-1 10-1
Date taxes
become
delinquent 2-1 2-1 2-1
Penalites for
delinquency 7.0% on 2-1 7.0% on 2-1 7.0% on 2-1
plus 1 .0% for plus 1 .0% for plus 1 .0% for
each month each month each month
thereafter thereafter thereafter
NOTE: The tax rate for Debt Service is unlimited in amount for all governmental
units presented in this schedule. I
Source - Tax department records of the various entities.
1
-132- '
II
EXHIBIT VI
II
II
II
CLEAR CREEK
GALVESTON HARRIS DRAINAGE
COUNTY COUNTY DISTRICT
II
$1 .60 Unlimited $.20
II
Statutory Statutory Statutory
10-1 10-1 10-1
1
2-1 2-1 2-1
I7.0% on 2-1 7.0% on 2-1 7.0% on 2-1
plus 1 .0% for plus 1 .0% for plus 1 .0% for
U
each month thereafter each month each month
thereafter thereafter
1
I
1
I
II
II
II
I
-133-
I
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED IIVALUE AND NET BONDED DEBT PER CAPITA
CITY OF FRIENDSWOOD, TEXAS IILast Ten Fiscal Years
GROSS LESS DEBT I
FISCAL ESTIMATED ASSESSED BONDED SERVICE
YEAR POPULATION VALUE DEBT FUNDS I
1976-77 9,016 $ 80,701 , 180 $ 3,906,000 $107,035
1977-78 10,094 89,535,720 5,133,000 146,773 I
1978-79 10,301 100,552,290 5,417,000 122,363
1979-80 10,719 107,751 ,920 5,354,000 117,551 I
1980-81 11,169 189,501,622 5,217,000 143,168
1981-82 11,770 206, 185,360 6,560,000 145,075 II
1982-83 12,530 298,452,090 6,470,500 153,535 II
1983-84 17,365 442,947,714 8,423,163 197,749
1984-85 18,500 598,869,520 8,046,000 200,813 I
1985-86 22,500 645,891 ,660 10,870,685 430,288
II
Source - City's records. II
1
1
II
II
1
-134- 1
I
IIEXHIBIT VII
II
I NET RATIO OF NET
BONDED DEBT
BONDED TO ASSESSED NET BONDED DEBT
DEBT VALUE % PER CAPITA
I $ 3,798,965 4.7% $421
1 4,986,227 5.6 493
5,294,637 5.3 513
I5,236,449 4.9 488
5,073,832 2.7 454
I6,414,925 3.1 545
II
6,316,965 2.1 504
8,225,414 1 .9 473
II7,845,187 1 .3 424
10,440,397 1 .6 464
II
II
II
II
II
II
1
I
II
-135-
11
COMPUTATION OF NET DIRECT AND ESTIMATED OVERLAPPING DEBT EXHIBIT VIII
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 '
PERCENTAGE CITY OF
NET DEBT APPLICABLE FRIENDSWOOD'S
NAME OF GOVERNMENT UNIT OUTSTANDING TO CITY OF FRIENDSWOOD SHARE OF DEBT
Friendswood Independent
School District $ 5,660,000 100.00% $ 5,660,000
Clear Creek Independent '
School District 49,350,000 3.38 1 ,668,030
Galveston County 52,395,470 4.87 2,551 ,659 1
Harris County 946,209,057 .06 567,725
Clear Creek Drainage
District 70,000 100.00 70,000
TOTAL NET OVERLAPPING DEBT 10,517,414 '
Net General Long-Term Debt - City of Friendswood 10,440,397
TOTAL NET DIRECT AND
OVERLAPPING DEBT $20,957,811
I
SOURCE - Finance department records of the various governments.
11
1
1
I
1
I
-136- 1
COMPUTATION OF LEGAL DEBT MARGIN EXHIBIT IX
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986
' The City does not have a legal debt margin.
1
1
t
1
1
1
1
' -137-
I
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1
I
I
(This page intentionally left blank.) t
I
-138- I
II
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES EXHIBIT X
II
FOR GENERAL BONDED DEBT TO TOTAL
GENERAL EXPENDITURES
I
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years
I
RATIO OF DEBT
SERVICE TO
INTEREST TOTAL TOTAL TOTAL GENERAL
II FISCAL AND FISCAL DEBT GENERAL GOVERNMENTAL
YEAR PRINCIPAL AGENT FEES SERVICE EXPENDITURES EXPENDITURES
I1976-77 $ 41 ,000 $ 99,810 $ 140,810 $1 ,297,217 10.85%
1977-78 58,000 100,108 158,108 1 ,524,721 10.37
I1978-79 56,000 216,800 272,800 2,290,966 11 .91
1979-80 78,000 196,096 274,096 2,458,212 11 .15
II1980-81 99,336 203,396 302,732 2,694,794 11 .23
II1981-82 110,631 303,809 414,440 3,056,539 13.56
1982-83 123,759 373,646 497,405 3,684,230 13.50
I
1983-84 356,000 627,609 983,609 4,940,683 19.91
1984-85 377,608 619,506 997,114 4,817,448 20.70
II1985-86 (1) 484,427 579,859 1 ,064,286 6,024,002 17.67
IISource - Accounting records of the City.
(1) Excludes debt defeased through refunding of $10,032,000.
II
II
II
II
II
II
I -139-
11
SCHEDULE OF REVENUE BOND COVERAGE I
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years II
1
OPERATING NET OPERATING
NUMBER OF NUMBER OF EXPENSES REVENUE IIFISCAL WATER SEWER OPERATING BEFORE AVAILABLE FOR
YEAR CUSTOMERS CUSTOMERS REVENUE DEPRECIATION DEBT SERVICE
1976-77 2,576 2,576 $ 459,720 $ 298,424 $ 161 ,296 I
1977-78 2,884 2,884 584,339 378,552 205,787
1978-79 3,086 3,020 674,803 501 ,029 173,774 1
1979-80 3,086 3,020 877,947 564,500 313,447 II1980-81 3,215 3,048 1 ,109,296 753,350 355,946
1981-82 3,388 3,212 1 ,134,886 756,498 378,388 I
1982-83 3,659 3,430 1 ,450,044 861 ,935 588,109
1983-84 4,998 4,686 2,141 ,284 1 ,072,741 1 ,068,543 1
1984-85 5,338 5,061 2, 104,796 1 ,193,709 911 ,087
1985-86 6,497 6,238 4,223,572 1 ,335,305 2,888,267 11
11
Source - Accounting records of the City.
II
1
11
II
-140- I
II
EXHIBIT XI
I
II
II
REVENUE BOND DEBT
II DEBT SERVICE REQUIREMENTS SERVICE
PRINCIPAL INTEREST TOTAL COVERAGE
15,000 $39,762 $ 54,762 2.95
Is
15,000 38,788 53,788 3.83
I15,000 37,812 52,812 3.29
215,000 88,908 303,908 1 .03
II65,000 84,552 149,552 2.38
70,000 99,005 169,005 2.24
II70,000 91 , 113 161 ,113 3.65
70,000 96,515 166,515 6.42
120,000 92,475 212,475 4.29
III
120,000 83,129 203,129 14.22
I
I
I
I
I
I
I
-141-
II
TAX RATE DISTRIBUTION FOR DEBT SERVICE EXHIBIT XII
CITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years II
1
GENERAL DEBT SERVICE TOTAL TAX II
TAX YEAR FUND FUND RATE
1976 .787 .413 1 .20 II
1977 .813 .337 1 .15
1978 .921 .229 1 .15 I
1979 .897 .253 1 .15
1980 .5311 .2434 .775 (1) II
1981 .53 .245 .775 II
1982 .4835 .2515 .735
1983 .502 .218 .720 I
1984 .507 .213 .720
1985 .5192 .1903 .7095 11
(1) Assessment ratio increased in 1980 to 100% market value per $100 valuation. II
SOURCE - City's tax ordinances. 1
II
II
II
I
-142-
II
PRINCIPAL TAXPAYERS EXHIBIT XIII
IICITY OF FRIENDSWOOD, TEXAS
II
September 30, 1986
PERCENT OF
II ASSESSED VALUE
ASSESSED TO TOTAL
NAME OF TAXPAYER NATURE OF BUSINESS VALUE ASSESSED VALUE
II1 . Exxon Petroleum $50,661 ,770 7.84%
II 2. Southwestern Bell
Telephone Utility Co. 9,767,650 1 .5
3. Crown Central
IIPetroleum Petroleum 9,563,770 1 .4
4. Astro Development
ICompany Investments 7,190,040 1 .1
5. Dawson and Dawson Land 3,487,490 .6
II 6. Friendswood
Heritage Investments 3,042,360 .5
II 7. Friendswood
Townhomes Townhomes 3,011 ,710 .5
11 8. Homecraft Homes 2,981 ,550 .5
9. Ralph Lowe Investments 2,874,470 .4
I
10. John L. Jones Est. Investments 2,599,040 .4
$95,179,850 14.74%
II
ISOURCE - Tax assessor/collector's records.
II
II
II
II
I
-143-
A
II
SCHEDULE OF INSURANCE IN FORCE - 1 of 2 '
CITY OF FRIENDSWOOD, TEXAS
cvarPJ-e-
September 30, 1986 �,,4
7� . U LOCATION
d INSURER y I
POLICY NO. ACTIVITY COVERAGE
UMBRELLA �,^ ^l `
Employers of Texas/Lloyds TCMP-B-1L9003 All City Owned Fire, EC, and II
Property V&MM:
Buildings & I
Contents
LIABILITY
II
National Casualty Company PL502370 Comprehensive Law Enforcement
Employers Casualty Company CAF-B-649005 Comprehensive Automobile II
Uninsured/Underinsured Motorist
Automobile Physical Damage
National Casualty Company PO523312 Public Officials and Employees Legal II
Employers Casualty Company TCMP-B-IL9003 Comprehensive General Liability IIWORKERS' COMPENSATION
Texas Political Subdivision
Workers' Compensation Fund TPS-H088 City All Employees il
FIRE I
Employers Casualty Company EEP-A-047835 • Electronic Fire, EC, and
Equipment V&MM:
Employers Casualty Company. CEF-B-874899 Contractors Fire, EC, and II
Equipment V&MM:
ACCIDENTAL DEATH & DISABILITY I
American States Insurance Co. MP 4407 Volunteer Firemen A D and D II
II
II
-144-
I
EXHIBIT XIV
IPage 1 of 2
I
IAMOUNT CO-INSURANCE BEGINS TERM PREMIUM
I -tea voo
I $2,415,900 80% 12-01-85 1 year $ 58,101 (1)*
I1 ,000,000 - 12-19-85 1 year 15,775
I
- 12-01-85 1 year 48,240
I1,000,000 - 12-19-85 1 year 5,175
500,000 - 12-01-85 1 year *See (1)
ISTATUTORY - 10-01-85 1 year 61 ,525
I
90,000 90% 9-01-85 15 months 904
I
165,834 - 10-01-85 1 year 2,222
I
50,000 - 3-27-86 1 year 1 ,690
I
I
I
I -145-
I
SCHEDULE OF INSURANCE IN FORCE - 2 of 2
CITY OF FRIENDSWOOD, TEXAS
September 30, 1986 '
LOCATION
OR
INSURER POLICY NO. ACTIVITY COVERAGE
FLOOD
Omaha Indemnity
(National Flood Insurance) OI2001944988 Counseling Center Building
Contents
Omaha Indemnity
(National Flood Insurance) 0I200156227 Fire Station #1 Building
Contents
Omaha Indemnity
(National Flood Insurance) 0I1932137639 Library Building
Contents
Omaha Indemnity
(National Flood Insurance) 013000907570 Bougainvilla
(Building and Building
Water Well #7) Contents
Omaha Indemnity
(National Flood Insurance) 011940990565 Public Works Building
Contents
FIDELITY
St. Paul Property and 400GX7956 Honesty Blanket
Liability Bond All Employees 11
Aetna Casualty and Surety Co. 61S22939BCA Surety Bond City Manager
Aetna Casualty and Surety Co. 61S100260728BCA Surety Bond Finance Officer
Aetna Casualty and Surety Co. 61S61025187BCA Surety Bond Tax Assessor '
Aetna Casualty and Surety Co. 61S610355538BCA Surety Bond Building Inspector
11
1
-146-
I
EXHIBIT XIV I
Page 2 of 2
I
IAMOUNT CO-INSURANCE BEGINS TERM PREMIUM
I
$ 27,500 - 4-27-86 1 year 143
I 10,500 -
220,000 - 4-27-85 1 year 434
23,100
I
163,400 - 8-03-
86 1 year 720
100,000 -
1
9,500 - 9-24-86 1 year 569
I
151,500 -
177,100 - 2-06-86 1 year 304
38,300 -
I
I10,000 - 10-01-84 3 years 717
50,000 - 4-29-86 1 year 250 I
50,000 - 4-24-86 1 year 175
I50,000 - 11-29-84 2 years 463
2,000 - 2-01-86 1 year 50
I $197,458
I
I
I
-147-
1
II
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS EXHIBIT XV
II
CITY OF FRIENDSWOOD
Last Ten Fiscal Years II
FISCAL BANK PROPERTY IIYEAR POPULATION CONSTRUCTION DEPOSITS VALUE
1977 9,016 $ 7,441 ,381 $17,545,491 $ 80,701,180
1978 10,094 16,395,154 21,646,952 89,535,720 II
1979 10,301 17,444,441 27,546,000 100,552,290 '
1980 10,719 12,893,393 27,144,117 107,751 ,920
1981 11 ,169 13,197,941 32,614,000 189,501,622 1
1982 11,770 15,102,000 48,616,000 206,185,360
1983 12,530 31 ,211 ,841 62,256,000 298,452,090 II
1984 17,365 31 ,379,139 67,111 ,934 486,902,520 I
1985 18,500 28,891 ,533 72,641 ,562 598,869,520
1986 22,500 26,920,850 78,645,866 645,891 ,660 I
Sources - City records; Area Banks; Tax assessor-collector records. 11
II
1
II
11
II
I
-148-
II
MISCELLANEOUS STATISTICAL DATA - 1 of 3 EXHIBIT XVI
IICITY OF FRIENDSWOOD, TEXAS
I
September 30, 1986
II
Date of Incorporation October 15, 1960
Date of present charter Adopted Home Rule Charter
I
October 16, 1971
Form of Government Council - Manager
IIArea 21 .4 Square Miles
Miles of streets and sidewalks
IStreets - paved 82.25 miles
Streets - unpaved 9.2 miles
ISidewalks 1 .0 miles
Fire Protection
I
Number of stations 3 µAAN11o. = 2-
Number of employees 1 EimT/. of ao
Number of volunteers 68 &G Lt
I
�
Police Protection Pc �-A 1 r�.�-�-�•�n _ Ar "
a.thNumber of stations 1 Pi1
' Number of employees 27 g . /..40
Number of pCatrol units 13 P� e.Q-Q - 3
Recreation aw."^"'Q
Number of parks 5
I Size of parks 10.7 acres, 12.6 acres, 6 acres,
16.7 acres, 4.5 acres
Number of golf courses 0
II Number of swimming pools 0
Number of tennis courts 4
Storm Sewers
1 Miles of storm sewer 31 .35 miles
I $ t (v
ay..- s t
I
I
-149-
MISCELLANEOUS STATISTICAL DATA - 2 of 3 EXHIBIT XVI
Population '
1977 9,016
1978 10,094
1979 10,301
1980 10,719
1981 11 ,169
1982 11 ,770
1983 12,530
1984 17,365
1985 18,500
1986 22,500
Building Permits
1976-77 $ 7,441 ,381
1977-78 16,395,154
1978-79 17,444,441
1979-80 12,893,393
1980-81 13,197,941
1981-82 15,102,000
1982-83 31 ,211 ,841
1983-84 31 ,379,139
1984-85 28,891 ,533
1985-86 26,920,850
Education
Friendswood Independent School District
Number of teachers 221
Number of students 3,200
City employees
Departments Heads 9
Employees 108
Total 117
Election
Number of votes cast
Last City election 2,565
1
I
-150-
1
MISCELLANEOUS STATISTICAL DATA - 3 of 3 EXHIBIT XVI
Water
Source 7 wells
' Average daily consumption 2,147,545 gallons
Maximum daily consumption 3,335,516 gallons
Water mains 79.15 miles
' Number of connections 6,497
' Sewer
Average daily capacity 2,046,000 gallons
Maximum daily capacity 4,964,000 gallons
' Sanitary sewer mains 75.65 miles
Number of connections 6,238
1
1
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11
-151-
I
PRINCIPAL OFFICIALS IICITY OF FRIENDSWOOD, TEXAS
September 30, 1985 1
CITY OFFICIALS ADDRESS ELECTIVE POSITION II
Ralph Lowe P.O. Box 226 Mayor IIJim Harrell 349 W. Castle Harbor Councilman - Position No. 1
Robert Wicklander 1109 Myrtlewood Councilman - Position No. 2
Evelyn B. Newman 502 Falling Leaf Councilwoman - Position No. 3 II
Phyllis J. Lee P.O. Box 693 Councilwoman - Position No. 4
Jan Jordan 908 Pine Hollow Councilwoman - Position No. 5
Joe D. Prihoda 1325 McKissick Councilman - Position No. 6
II
APPOINTIVE POSITION
Melvin M. Meinecke 1602 Dallas, South Houston Acting City Manager I
Lynn Bucher 109 Willowick, Friendswood Finance Officer
Joseph M. Wright 204 E. Heritage Police Chief IIMelvin Meinecke 1602 Dallas, South Houston Director of Public Works
Luis Suarez 723 Main, Suite 707, Houston Judge - Municipal Court
Nick Capuano 4212 Lucian, Friendswood Building Inspector II
Vance Riley P.O. Box 5957, Coll. St. Fire Marshal
Dr. Richard Conway 505 Friendswood Drive Health Officer
Alta Carbone P.O. Box 31 , Friendswood Tax Assessor - Collector
Deloris McKenzie 109 Willowick City Secretary
Olson & Olson 3485 Capital Bank Plaza
Houston City Attorney IIHuyen D. Luu 109 Willowick, Friendswood Utilities Superintendent
Russell E. Williams 109 Willowick, Friendswood Civil Defense Director
II
II
II
11
-152-
1
EXHIBIT XVII
11
1 TERM EXPIRES AMOUNT OF
SURETY BOND
April 1988 NONE
April 1988 NONE
April 1987 NONE
' April 1988 NONE
April 1987 NONE
April 1988 NONE
April 1987 NONE
50,000
50,000
I NONE
NONE
NONE
i 2,000
NONE
NONE
' 50,000
NONE
NONE
NONE
NONE
1
1
I
I
-153-