HomeMy WebLinkAbout1969 09 30 Financial Report - City of Friendswood 11
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411
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CITY OF FRIENDSWOOD, TEXAS
1. FINANCIAL REPORT
FOR THE TWELVE MONTHS ENDED
SEPTEMBER 30, 1969
111
11
ELECTED OFFICIALS
11
MAYOR
1! Ralph W. Somers
1!
CITY COUNCIL
1! Ronald G. Hamil
James E. Mager
George F. Prude
Edward F. Stuart
Thomas F. Woods
11 L. B. Cline Tax Assessor & Collector
L. B. Cline City Secretary
11
P. O. Box 122
Friendswood, Texas
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TABLE OF CONTENTS
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Page
!! Letter of Transmittal
Statement of Combined Cash Receipts and Disbursements -
1! All Funds Except Utility Fund 1
General Fund
Statement of Revenue Receipts - Schedule I 2
1! Operating Expenses
General and Administrative Expenses Schedule II 3
Police Department Expenses - Schedule III 4
Streets and Drainage Department Expenses - Schedule IV11
5
Miscellaneous Other Expenses - Schedule V 6
Capital Outlay - Schedule VI 7
1! Water and Sewer System
Statement of Income and Expenses 8
Balance Sheet
City Water and Sewer System 9 & 10
Annexed Water District System 11
11 Statement of Cash Receipts and Disbursements - Construction Fund
City Water and Sewer System 12
IFSchedule of Property, Plant and Equipment
City Water and Sewer System 13
Annexed Water District System 14
II
Statement of Combined Cash Receipts and Disbursements
Interest and Sinking Funds 15 & 16
11 Bond Reserve Account 17
Statement of Bond Maturities and Interest Requirements 18 & 19
11 Bond Requirements Compared with Actual 20 & 21
Balance Sheet - All Funds 22 - 25
11 Analysis of Changes in Unappropriated Surplus 26
II Comparison of Budget with Actual
Receipts and Disbursements - General Fund 27
Comparison of Budget with Actual Income
11 and Expenses - Water and Sewer System 28
Schedule of General Fixed Assets 29 & 30
Statement of Bonds Payable 31 - 35
11 Schedule of Insurance in Force 36 - 38
I
IHELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
1/ HOUSTON, TEXAS 77002
II
February 3, 1970
11
IIHonorable Mayor and City Council
City of Friendswood, Texas
III have examined the recorded cash receipts and disbursements of the CITY OF
FRIENDSWOOD, TEXAS for the twelve month period ended September 30, 1969. My
If examination was made in accordance with generally accepted auditing standards
and accordingly included such examination and tests of the detailed cash receipts
and disbursements records of the city together with such other procedures as I
Iconsidered necessary under the circumstances.
Accounting records for the city are maintained on a cash basis ; the records
for the water and sewer system are on an accrual basis. The City Council, on
li September 3, 1968, by motion made and passed, established a fiscal year for the
city of October 1 to September 30. This report reflects the first full year of
operations under this new fiscal date.
IIA resume of the financial activities of the various funds follows:
IIGENERAL FUND
The General Fund is used to finance the ordinary maintenance and operations
of the City and records all activities not provided for in other funds. Revenues
11 and expenditures of the General Fund for the twelve months ended September 30,
1969, are as follows :
II Revenues
Taxes, Penalties and Interest $112,304.14
Fines and Fees 3,278.50
Inspections and Permits 14,539.49
II Franchise and Gross Receipts 14,408.95
Other Revenue 3,828.77
Total $148,359.85
IIExpenditures
Operating Expenses $122,046.14
II Capital Outlay
(net - after contributions) 36,083.53
Total $158,129.67
IIExcess of Expenditures over Revenues $ 9,769.82
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1! TAXES
On November 18, 1968, the City Council adopted Ordinance #117 which provided
that :
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1) The City of Friendswood shall take over all properties and assets of
Galveston County Water Control and Improvement District No. 21 and
If shall assume all debts, liabilities and obligations of said Galveston
County Water Control and Improvement District No. 21 and shall perform
all functions and services of such district.
2) The water works and sanitary sewer system of Galveston County Water
Control and Improvement District No. 21 shall be operated as a
separate system from the city's present system and all revenues
11 collected from the operation of said water works and sanitary sewer
system shall be used only as provided in the October 15 , 1964 order
of the Board of Directors authorizing issuance of said $600,000 bonds.
Under date of April 3, 1969, the Board of Directors of Galveston County Water Control
and Improvement District No. 21 officially dissolved the district as a govern-
mental entity.
It
The 1965 and subsequent tax levies of the City of Friendswood, based on a tax
rate of $1.00 per $100 assessed valuation, were distributed as follows :
I
1965 1966 1967 1968 1969
General Fund Operations $0.58 $0.664 $0.58 $0.655 $0.816
Interest and Sinking Fund 0.42 0.336 0.42 0.345 0.184
Total $1.00 $1.00 $1.00 $1.00 $1.00
AP
Taxes levied and collections thereon are as follows :
Ir
1965 1966 1967 1968 1969
Assessed Valuation
October 1 $8,231,591 $10,455,650 $11,432,725 $17,199,434 $19,440,970
Taxes Assessed
City $82,315.91 $104,556.50 $114,327.25 $124,705.07 $138,766.64
WCID #21 47,289.27 55,643.06
Total $82,315 .91 $104,556.50 $114,327.25 $171,994.34 $194,409.70
1r Total Collections
City $82,015.16 $103,177.50 $112,212.20 $121,333.47 N/A
WCID #21 47,007.57
Ir % Collections
City 99.63% 98.68% 98.15% 97.30%
WCID #21 99.40%
Ir
I! WATER and SEWER SYSTEM
The following is a summary of income and expenses of the Water and Sewer
System for the year 1967, the nine months ended September 30, 1968 and for the
twelve months ended September 30, 1969:
12 Months 9 Months 12 Months
111 Ended Ended Ended
12/31/67 9/30/68 9/30/69
If Operating Revenues $119,324.16 $124,895.39 $179,428.35
Less : Operating Expenses 80,860.76 84,468.36 103,145.66
Income Available for
11 Debt Service $ 38,463.40 $ 40,427.03 $ 76,282.69
Less: Provision for
11 Depreciation 18,850.19 17,124.82 37,487.31
Operating Income $ 19,613.21 $ 23 ,302.21 $ 38,795.38
11 Water and sewer connections as of September 30, 1969 were as follows :
Water Sewer
City 789 748
WCID #21 537 534
if Total 1,326 1,282
BONDED INDEBTEDNESS
The bonded indebtedness of City of Friendswood increased from a total bonds
outstanding on September 30, 1968 of $774,000 to a total outstanding on September
it30, 1969 of $2,066,000. This increase was accounted for as follows :
Galveston County Water Control & Improvement District
41, No. 21 Waterworks and Sewer System Combination Tax
and Revenue Bonds dated November 1, 1964 were assumed
under City Ordinance #117 as of November 18, 1968
and approved by Board of Directors of the Water District
at its final meeting on April 3, 1969 $ 600,000
City of Friendswood Waterworks and Sanitary Sewer System
11 Revenue Bonds dated May 1, 1969, approved by the
voters at an election held November 23, 1968 700,000
$1,300,000
Less : Bonds retired during the year 8,000
Net Increase $1,292,000
11
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4111 Also, City Council on June 16, 1969, authorized the issuance of City of
Friendswood, Texas General Obligation Refunding Bonds, Series 1969 dated March
1, 1969, in the aggregate amount of $257,000. These bonds will refund a like
principal amount of the 1957 and 1958 Series of Combination Tax and Revenue
11 Bonds issued by Galveston County WCID #15 and assumed by the City of Friends-
wood as of December 1, 1964.
II INTEREST AND SINKING FUNDS
4
The current requirements of the Bond Orders governing the Interest and
• Sinking Funds on all series of bonds are being satisfied.
CONSTRUCTION PROGRAM - Water and Sewer System
4 The proceeds from the sale of the $700,000 Waterworks and Sanitary Sewer
la System Revenue Bonds were deposited in the Construction Account. Surplus funds
in this account are kept invested in Certificates of Deposit until they are
• actually needed for expenditures. The following construction contracts had been
approved as of September 30, 1969:
George C. Cox, Inc.
Additions to Sewage Treatment Plant #2 $185,000.00
Tom-Co. , Incorporated
11 West Interceptor Trunk Line and Extension
to new High School 335,998.00
Ir Tech-Con Corporation
Ai Sewer Lines to serve area south of
Cowart Creek 98,634.10
li Mainland Construction Company
Water line to serve new High School 10,315.55
!! Layne-Texas Company
Ground storage Tank 59,986.00
$689,933.65
IF Less : Payments made on contracts
prior to September 30, 1969 10,467.35
Contracts Payable - September 30, 1969 $679,466.30
Ais
The city has been advised by the Regional Construction Grants Program
Director of the Federal Water Polution Control Administration that the Texas
Water Control Board approved the offer of a $174,500 federal grant (WPC-TEX 567)
toward the sewage treatment construction work in Friendswood. Approximately
$41,627.76 of this grant will be required to complete the current construction
4, program.
In 1967, the Department of Housing and Urban Development approved the pre-
liminary plans on an engineering study (Master Sewer Plan) for an interest-free
ir --- loan. Through September 30, 1969, a total of $41,599.45 had been advanced by
HUD and expended for engineering fees. On the completion of the current construc-
tion program, approximately $20,948.00 of this advance will be due for repayment
' to the Department of Housing and Urban Development.
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CONSTRUCTION - Friendswood Public Library
Construction began during the year on the Friendswood Public Library. The
purchase of land for the library building site and the construction of library
facilities are being financed as follows :
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Texas State Library (under Federal Library Services
and Construction Act - Public Law 90-154) $ 50,000.00
Moody Foundation 37,500.00
1111
Tax Revenues - 1968 Tax Levy 22,684.25
Tax Revenues - 1969 Tax Levy 19,396.80
Total $129,581.05
lr OPINION
In my opinion, the accompanying statements present fairly, in accordance
with generally accepted accounting principles, the financial position of the
I! City of Friendswood, Texas as of September 30, 1969 and the results of its
operations for the twelve month period ended as of that date.
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Very truly yours,
1r
Heloise Brown Canter
411, Certified Public Accountant
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CITY OF FRIENDSWOC
STATEMENT OF COMBINED CASH RECI
ALL FUNDS EXCEPT U7
OCTOBER 1, 1968 to SEPI
TOTAL
ALL
FUNDS
Cash Balance - October 1 , 1968 $ 21,197
111
Receipts
Revenue (Schedule I)
Ad Valorem Taxes $112,304
Fines and Fees 3,278
Inspections and Permits 14,539
Franchise and Gross Receipts Tax 14,408
11 Rent 625
Interest Earned 1,119
Miscellaneous Reimbursements 2,010
111 Other Revenue 73
44 Total Revenue $148,359
Other Receipts
11 Deposit to be Refunded $ 43
Fire Truck Contributions 2,639
From Federal Agencies 24,75C
From Moody Foundation 37,50C
From Miscellaneous Contributions 79]
Ai Advance on Building Costs from General Fund 7,00(
Total Other Receipts $1! 72,72;
Total Receipts $221,0&
Total Available $242,28(
111 Disbursements
Operating Expenses
General and Administrative Expenses
11 (Schedule II) $ 35,031
Police Department Expenses (Schedule III) 23 ,65:
Street and Drainage Department Expenses
(Schedule IV) 51,581
Miscellaneous Other Expenses (Schedule V) 11,77,
Total Operating Expenses $122,04
11 Capital Outlay
Schedule VI $ 62,02
Payments on Construction Contract-Library Building 43,74
Total Capital Outlay $105,76
I! Other Disbursements
Payments on Fire Truck Indebtedness $ 4,06
Prior Year Expenses 1,15
Total Other Disbursements $ 5,22
ip Total Disbursements $233,03
11 Cash Balance - September 30, 1969 $ 9,24
It1
HELOISE BROWN CANTER
CERTIFIED PUBLIC ACCOUNTANT
1101 Memorial Professional Building
HOUSTON, TEXAS 77002
January 10, 1969
Honorable Mayor and City Council
City of Friendswood, Texas
I have examined the recorded cash receipts and disbursements of the
CITY OF FRIENDSWOOD, TEXAS for the nine month period ended September 30,
1968. My examination was made in accordance with generally accepted
auditing standards and accordingly included such examination and tests
of the detailed cash receipts and disbursements records of the city
together with such other procedures as I considered necessary under the
circumstances.
Accounting records for the city are maintained on a cash basis; the
records for the water and sewer system are maintained on an accrual basis.
General City Government
The city has in the past reported financial activities to the bond-
holders on a fiscal year ending December 31. Attention was called to
Ordinance #45 which sets a fiscal tax year for the city as October 1
through September 30. By motion made and passed, the council approved on
September 3, 1968, a fiscal year for the city from October 1, 1968 through
September 30, 1969. This report therefore covers municipal operations for
the nine month period beginning January 1, 1968 and ending September 30,
1968.
Revenues and expenditures of the General Fund for the nine months
ended September 30, 1968 are as follows:
Revenues
Taxes, Penalties and Interest $19,519.23*
Franchise and Gross Receipts 8,240.98
Fines and Forfeits 2,100.00
Permits 14,677.31
Other Revenues 2,026.81
Total $46,564.33
Expenditures
Operating Expenses $74,590.83
Capital Outlay 6,851.04
Total $81,441.87
Excess of Expenditures over Revenues $344877.54
*Collections on the 1967 tax levy received in 1967 totaled $46,208.21
1 Taxes
•
I For the period ended September 30, 1968, the city operated the water
and sewer system of Galveston County WCID #21 under an agreement whereby
the city received all of the income from the WCID #21 system and in turn
paid to the district a sufficient amount ($17,653.85) to pay the WCID #21
Idistrict bond requirements.
On November 18, 1968, the City Council adopted Ordinance #117 which
1 provided that:
1) That the City of Friendswood shall take over all properties
1 and assets of Galveston County Water Control and Improvement
District No. 21 and shall assume all debts, liabilities and
obligations of said Galveston County Water Control and
Improvement District No. 21 and shall perform all functions
and services of such district.
2) The water works and sanitary sewer system of Galveston County
I Water Control and Improvement District No. 21 shall be
operated as a separate system from the city's present system
and all revenues collected from the operation of said water
1 works and sanitary sewer system shall be used only as provided
in said October 15, 1964 order of the Board of Directors
authorizing issuance of said S600,000 bonds.
1 The maturity schedule for the Galveston County Water Control and
Improvement District #21 bonds is as follows:
1 Principal
Payable Interest Payable
Year August 1 February 1 August 1 Total
I1969 $ 15,000 $ 15,000 $ 30,000
1970 15,000 15,000 30,000
1971 15,000 15,000 30,000
1972 $ 10,000 15,000 15,000 40,000
1973 10,000 14,75o 14,75o 39,500
1974 10,000 14,500 14,500 39,000
I 1975 10,000 14,250 14,250 38,500
1976 10,000 14,0o0 14,000 8,000
1977 15,000 13,750 13,75o 42,500
1 1978 15,000
15,Ooo 13,375 13,375
13,000 41,750
1979 13,000 41,000
1980 15,000 12,625 12,625 40,250
1981 15,000 12,250 12,25o 39,500
1982 20,000 11,875 11,875 43,750
1983 20,000 11,375 11,375 42,750
1984 20,000 10,875 10,875 41,750
1 1985 20,000 10,375 10,375 40,750
1986 20,000 9,875 9,875 39,750
1987 25,000 9,375 9,375 43,75o
I 1988 25,000 8,750 8,750 42,500
1989 25,000 8,125 8,125 41,25o
1990 25,000 7,500 7,500 40,000
1991 25,000 6,875 6,875 38,75o
1992 30,000 6,25o 6,25o 42,500
1993 30,000 5,500 5,500 41,000
1994 30,000 4,75o 4,75o 39,500
IV Principal
Payable Interest Payable
11 Year August 1 February 1 August 1 Total
1995 30,000 4,000 4,000 38,000
1996 30,000 3,25o 3,25o 36,500
I 1997 30,000 2,500 2,500 35,000
1998 35,000 1,750 1,750 38,500
1999 35,000 875 875 36,75o
$600,000 $306,375 $306,375 $1,212,750
rThe 1965 and subsequent tax levies of the City of Friendswood, based
on a tax rate of $1.00 per $100 assessed valuation, were distributed as
follows :
1965 1966 1967 1968
General Fund Operations $0.58 $0.664 $0.58 $0.655
Interest and Sinking Fund 0.42 0.336 0.42 0.345
Total $1.00 $1.00 $1.00 $1.00
Taxes levied and collections thereon are as follows:
1
Assessed Valuation
October 1 $8,231,591 $10,455,650 $11,432,725 $17,189,194
Taxes Assessed
City $82,315.91 $104,556.50 $114,327.25 $124,642.17
WCID #21 47,249.77
Total $82,315.91 S104,556.50 $114,327.25 S171,891.94
Total Collections $82,005.56 $102,758.60 $111,705.50 N/A
Total Collections 99.62% 98.28% 97.71%
Fire Truck Fund
At a special meeting held October 20, 1965, the city assumed financial
responsibility for a HPV750 John Bean High Pressure Fog Fighter which was
donated to the Friendswood Volunteer Fire Department. The city executed a
note for $19,000.00 in payment for this equipment. This indebtedness is
being retired through voluntary contributions by the citizens of Friendswood.
As of September 30, 1968, there was a balance of $4,000.00 due on the note
and there was $1,824.09 cash balance in the Fire Truck Fund.
Water and Sewer System
The following is a summary of income and expenses of the Water and
Sewer System for 1966 and 1967 and the nine months ended September 30,
1968:
(schedules on next page)
Water and Sewer System (continued)
12 Months 12 Months 9 Months
Ended Ended Ended
12/31/66 12/31/67 9/3o/68
Operating Revenues $77,685.37 $119,324.16 $124,895.39
Less: Operating Expenses 68,909.76 80,860.76 84,468.36
Income Available for
Debt Service $ 8,775.61 $ 38,463.40 $ 40,427.03
Less: Provision for
Depreciation 16,265.75 18,850.19 17,124.82
Operating Income $(7,490.14) $ 19,613.21 $ 23,302.21
Water and sewer connections as of September 30, 1968 were as follows :
Water Sewer
City 726 673
WCID #21 470 470
Total 1,196 1,143
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Interest and Sinking Funds
The requirements of the Bond Order governing the Interest and Sinking
Funds on all series of bonds have been satisfied.
The Bond Order covering the 1957 and 1958 Series of bonds requires
that a Bond Reserve Account also be set up and that contributions be made
to this fund until such time as there is in the reserve fund an amount
equal to the average annual principal and interest requirement. In 1968,
the Water and Sewer Maintenance and Operating Fund transferred $900.00
to the Bond Reserve Account. The status of this account as of
September 30, 1968 was as follows:
Amount on deposit in the Bond Reserve Account $13,736.80
Average annual principal and interest
payments - 1957 and 1958 Series 18,524.04
Additional contributions due to the
Bond Reserve Account $ 4,787.24
Construction Program
Final inspection on Project WPC-TEX464 was made on January 10, 1968.
This project covered the installation of sanitary sewer trunk lines and
laterals to serve Friendswood Forrest and vicinity, Friendswood Gardens,
Eignus Addition and the relocation of existing sewer lines on Choate Road.
The project costs qualified for a grant of $47,950.00 through the Federal
Water Pollution Control Administration.
I
Construction to provide sanitary sewer facilities for Quakers Landing
was completed in early 1968. The Federal Water Pollution Control Adminis-
tration (through the Texas Water Quality Board) has approved a priority
grant toward 33% of the costs of this project. This federal grant should
be approximately $27,300.00 based on eligible costs charged to this project.
The preliminary plans on an engineering study (Master Sewer Plan)
were approved in 1967 by the Department of Housing and Urban Development
for an interest-free loan. Through September 30, 1968, a total of
$41,599.45 had been advanced by HUD and expended for engineering fees
(P-TEx 3397).
The voters in Friendswood approved a $700,000.00 Water and Sewer
Improvements Bond Issue at an election held November 23, 1968.
I
Sewer
1) Additions to Treatment Plant $180,000.00
2) West Interceptor Trunk Line and
11 Extension to Planned High School 350,000.00
3) Sewer Lines to Serve Area South of
fl
Cowart Creek 105,000.00
Water
4) Water Distribution to Serve Planned
High School 10,000.00
5) Ground Storage and Improvements to
Water Plant #3 55,000.00
Total $700,000.00
Opinion
In my opinion, the accompanying statements present fairly, in
accordance with generally accepted accounting principles, the financial
position of the City of Friendswood, Texas as of September 30, 1968 and
the results of its operations for the nine month period ended as of that
date.
I
Very truly yours,
I/
dultZ
Heloise Brown Canter
Certified Public Accountant
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CITY OF FRIENDSWOOD, TEXAS
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Financial Report
September 30, 1968
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Prepared by
HELOISE BROWN CANTER
Certified Public Accountant
1101 Memorial Professional Building
Houston, Texas 77002
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SCHEDULE I
CITY OF FRIENDSWOOD, TEXAS
}` GENERAL FUND
STATEMENT OF REVENUE RECEIPTS
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
11
AMOUNT
Ad Valorem Taxes
1968 Tax Roll $110,263.39
1967 Tax Roll 293.89
11 1966 Tax Roll 278. 15
1965 Tax Roll 5.57
1964 Tax Roll 26.40
11 Penalties and Interest 1,100.29
Tax Certificates 336.45
Total $112,304.14
Fines and Fees
Fines - Traffic Violations $ 3,051.50
Dog Tags and Pound Fees 227.00
Total $ 3 ,278.50
Inspections and Permits
Building Permits $ 14,514.49
Other Permits 25.00
Total $ 14,539.49
Franchise and Gross Receipts Tax
Community Public Service $ 8,971.81
Houston Natural Gas 1,159.97
Gas Utility Service 1,064.78
Southwestern Bell Telephone 3,162.39
Barton Disposal Service 50.00
IrTotal $ 14,408.95
Rent $ 625.00
Interest Earned $ 1,006.25
Miscellaneous Reimbursements
1r Fire Department (Gasoline) $ 100.00
Friendswood ISD (School Guard Expense) 410.65
Fisher Trailer Park (Drainage) 1,500.00
Total $ 2,010.65
Other Revenue $ 73.22
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Grand Total $148,246.20
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SCHEDULE II
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CITY OF FRIENDSWOOD, TEXAS
1! GENERAL FUND
GENERAL AND ADMINISTRATIVE EXPENSES
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
AMOUNT
111
Salaries and Wages $ 15,739.48
Payroll Taxes 741.53
Group Hospitalization Insurance (Employee Benefit) 1,05 8.68
Other Insurance and Bonds 2,925.75
Telephone 955.49
Office Supplies and Postage 2,213.31
11 Maintenance - Building 604.55
Maintenance - Equipment 155.50
Miscellaneous 174.27
11 Engineering Fees 2,485.04
Inspection Fees 1,750.40
Legal Expenses 3,902.45
Auditing 1,345.58
Dues and Subscriptions 364.00
Election Expenses 176.29
Printing and Legal Notices 86.08
11 Mayor and Council Expenses 167.92
Bulk Gasoline 184.57
Total General and Administrative Expenses $ 35,030.89
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SCHEDULE III
CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
POLICE DEPARTMENT EXPENSES
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
11
AMOUNT
11 Salaries
Chief $ 7,650.00
Patrolmen 4,236.82
11 Dispatcher 1,200.00
School Guard 1,080.00
Clerk 2,751.25 $ 16,918.07
11 Payroll Taxes 797.30
Warrant Expense 67.50
Insurance 316.00
Telephone 757.36
Office Supplies 343.63
Maintenance - Cars 806.50
Maintenance - Radio 481.21
Gas and Oil 1,112.98
Material and Supplies 391. 11
Dues and Instruction 1,046.50
• Uniforms and Badges 582.23
Prisoner Care .82
Dog Pound Operation 31.49
Total Police Department Expenses $ 23 ,652.70
OP
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SCHEDULE IV
CITY OF FRIENDSWOOD, TEXAS
11 GENERAL FUND
STREET AND DRAINAGE DEPARTMENT EXPENSES
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
11
AMOUNT
10
Salaries $ 16,663.16
Payroll Taxes 785.46
Street Lights 4,283.69
11 Maintenance of Equipment 2,603.39
Rental of Equipment 157.26
Bulk Gasoline and Diesel Fuel 1,748.55
Materials and Supplies 23,789.15
11 Street Signs 610.44
Miscellaneous 945.72
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Total Street and Drainage Department Expenses $ 51 586.82
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SCHEDULE V
10 CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND
MISCELLANEOUS OTHER EXPENSES
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
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AMOUNT
11 Civil Defense $ 237.49
Corporation Court 82.60
11 Drainage Board Expenses 73.50
Fire Department Expenses
Contributions $ 2,600.00
Gas and Oil 125 .39
11 Postage - Mailers 68.64
Fire Marshall 30.00 2,824.03
Galveston County Mental Health 200.00
Library Operating Expenses 4,511.86
Mosquito Control 326.25
Planning Commission 2,000.00
Sanitation and Health 1,520.00
Total Miscellaneous Expenses $ 11,775.73
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SCHEDULE VI
CITY OF FRIENDSWOOD, TEXAS
£.' GENERAL FUND
CAPITAL OUTLAY
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
II
General and Administrative
11 1 Underwood-Olivetti Adding Machine #6664223 $ 161.55
1 Typist Chair 78.46
Total General and Administrative $ 240.01
11
Police Department
1 RCA 2-way Radio with Accessories $ 1,079.81
11 1 1957 Chevrolet i Ton Pick-Up Truck
Serial # SN3A 57S 111933 (CD) 120.00
IITotal Police Department 1,199.81
Streets and Bridges
1 Rotary Cutter, Model CY60, Serial #007370 $ 565.00
1 Nine-Wheel Pneumatic Roller 500.00
1 Yale and Towne Tug, Serial #SNOZ0297 (CD) 100.00
1 Used Box Blade 35.00
11 1 Skill Saw 179.95
1 2-Way Radio with Speaker (for Truck) 840.53
Street Signs 332.93
IIWiring - Equipment Warehouse 446.00
Total Streets and Bridges 2,999.41
111; Civil Defense
4 Hollingsworth Generators $ 392.00
1 Hollingsworth 5KVA Generator 80.00
1 Model MDST Semi-Van Type Trailer 300.00
1 B & H 550 Film Projector 545.00
11 Total Civil Defense 1,317.00
Library
Land $ 7,838.00
1:
Architect Fees 7,256.70
Transfer of Funds to Library Building Fund 7,000.00
Miscellaneous Other Costs 589.55
IITotal Library 22,684.25
1[ Other
Dog Pound $ 3,059.65
Park Site (8.38 Acres) 30,524.52
11 Total Other 33,584.17
I; Grand Total 7 $ 62,024.65
CITY OF FRIENDSWOOD, TEXAS
11 WATER AND SEWER SYSTEMS
STATEMENT OF INCOME AND EXPENSES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1969
Annexed District
11 City (WCID # 21)
Total System System
Operating Revenues
Water and Sewer Service Charges $143,084.28 $ 89,669.92 $ 53,414.36
Adjustment for Sewage Treatment Charge 7,845.00 (7,845.00)
Reconnect Fees 162.50 62.50 100.00
Tap 36,085.00 24,585.00 11,500.00
Miscellaneous 96.57 25 .00 71.57
Total Operating Revenues $179,428.35 $122,187.42 $ 57,240.93
I
Less: Operating Deductions
Salaries and Wages $ 29,460.41
Payroll Taxes 1,367.79
Employee Benefits 975.09
Operating Supplies 7,613.53
11 Repairs - Plant 11,000.82
Repairs - Lines 3,435 .13
Repairs - Equipment 500.89
Taps - Water and Sewer 26,059.04
Laboratory Expense 385.17
Miscellaneous Expenses 178.00
Truck Expense 1,380.93
Utilities 12,398.06
Office and General Administrative
Expenses 3,345 .62
Insurance and Bonds 1,999.65
Engineering Fees 499.96
Audit Expense 1,345.57
11 Legal Expense 1,200.00
Total Operating Expenses $103 ,145.66 60,783.73 42,361.93
ItIncome Available for Debt Service $ 76,282.69 $ 61,403.69 $ 14,879.00
11
11 11
7!
CITY OF FRIENDSWOOD, TEXAS
CITY WATER AND SEWER SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1969
Ai
41/
ASSETS
IP
A
Current Assets
Petty Cash $ 225.00
AP
Cash on Hand 57.70
Cash in Bank 46,207.15
Accounts Receivable 11,218.63
Utility Deposits 30.00 1
Total Current Assets $ 57,738.48
Utility Fixed Assets
Schedule Attached 1,907,401.11 1111
Fund Accounts
Water and Sewer System Construction Fund11
Cash in Bank $687,733.63
Due from Federal Grant Funds (TEX-567) 41,627.76
Deferred Charges (Engineering Fees) 20,651.45 $750,012.84
Interest and Sinking Fund
Cash in Bank $ 30,977.81
Due from Construction Fund 9,933.76
Taxes Receivable
1968 Tax Levy $1,163.21
1967 Tax Levy 903.37
1966 Tax Levy 475.38
1965 Tax Levy 126.32
1964 Tax Levy 169.92
1963 Tax Levy 141.80
1962 Tax Levy 19.80
1961 Tax Levy 23.80
1960 and Prior Years 89.90 3,113.50 44,025.07
Bond Reserve Account 111
Cash in Bank 5,786.21
I/
Total Fund Accounts 799,824. 12
$2,764,963.71 1:
1111
I/
LIABILITIES , RESERVES AND SURPLUS
11
Current Liabilities
Accounts Payable $ 9,182.89
Customers ' Meter Deposits 1,213.75
Total Current Liabilities $ 10,396.64
11 Fund Account Current Liabilities
Construction Fund
Due to Interest and Sinking Fund $ 9,933.76
Construction Contracts Payable 679,466.30
Construction Engineering Fees Payable 19,013.33
Due to Federal Agencies (HUD) 41,599.45 $ 750,012.84
Interest and Sinking Fund
Accrued Bond Interest Payable $ 6,554.66
Accrued Bond Principal Payable 5,250.00 11,804.66 761,817.50
11 Bonds Payable
Total Bonds Payable $1,466,000.00
Less: Accrued Principal Classified as
11 Current Liability 5 ,250.00
Total Bonds Payable (Non-Current Portion) 1,460,750.00
Reserves
1! For Depreciation $ 90,992.70
For Retirement of Sinking Fund Bonds 43,256.62
Total Reserves 134,249.32
11 Contributions
By Land Owners $ 11,767.87
By Federal Agencies 251,698.04
Total Contributions 263,465 .91
Surplus
Arising from Bonds Retired $ 30,000.00
Arising from Revenues of Maintenance and
Operating Fund Invested in Fixed Assets 147,935 .20
11
$ 177,935 .20
Unappropriated Surplus (43,650.86)
Total Surplus 134,284.34
It
$2,764,963.71
11
10
CITY OF FRIENDSWOOD, TEXAS
ANNEXED WATER DISTRICT (WCID # 21) SYSTEM
BALANCE SHEET
SEPTEMBER 30, 1969
ASSETS
11
Current Assets
11 Cash in Bank $ 3,906.51
Accounts Receivable 6,934.99
Total Current Assets $ 10,841.50
11 Utility Fixed Assets
Schedule Attached 600,000.00
Fund Accounts
Interest and Sinking Fund
Cash in Bank $ 6,868.51
Taxes Receivable
1968 Tax Levy $ 97.19
1967 Tax Levy 607.54
1966 Tax Levy 66.94 771.67
Total Fund Accounts 7,640.18
Total Assets $618,481.68
1! LIABILITIES, RESERVES AND SURPLUS
Current and Accrued Liabilities
Interest and Sinking Fund
Accrued Bond Interest Payable $ 5,000.00
11 Bonds Payable 600,000.00
Reserves
For Depreciation $ 12,000.00
For Retirement of Sinking Fund Bonds 2,640. 18
Total Reserves 14,640.18
Surplus
Unappropriated Surplus (1,158.50)
Total Liabilities, Reserves and Surplus $618,481.68
1111 11
CITY OF FRIENDSWOOD, TEXAS
11 CITY WATER AND SEWER SYSTEM
CONSTRUCTION FUND
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
11 Cash Balance - October 1, 1968 $ 10.62
Receipts
Sale of Revenue Bonds - 1969 Series $700,000.00
Accrued Interest on Bonds Sold 9,933.76
Transfer from City Water and Sewer
11 System Operating Fund 10,251.63 (1)
Interest Earned on Time Deposit 3 ,209.10
Refund - Mercer Construction Co. 120.00
11 Total Receipts 723,514.49
Total to be Accounted For $723,525.11
Disbursements
Sewer Line - Quakers Landing
Mercer Construction Co. $ 2,344.29
Additions to Sewer Treatment Plant
Engineering Fees 1,300.00
West Interceptor Trunk Sewer and Extensions
to New High School
Engineering Fees 7,315 .10
Right-of-way 825.40
Sewer Lines South of Cowart Creek
Tech-Con Corporation 10,467.35
Ground Storage Tank
Appraisal Fee 350.00
Miscellaneous
Texas Securities Corporation (Fiscal Agent) 12,600.00
Bond Election Expenses 203.50
Advertising - Bids 385 .84
Total Disbursements 35,791.48
Cash Balance - September 30, 1969 $687,733.63
11
(1) To be refunded to City Water and Sewer
System Operating Fund when surplus
11 grant funds are available
11
12
o
11
CITY OF FRIENDSWOOD, TEXAS
IICITY WATER AND SEWER SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
as of SEPTEMBER 30, 1969
II
Balance Balance
11 10-1-68 Additions Deletions 9-30-69
Land $ 27,587.95 $ 27,587.95
11 Total Land $ 27,587.95 $ 27,587.95
Structures and Improvements
Water Plants $ 144,162.03 $ 154.50 $ 144,316.53
II Water Distribution 277,056.01 11,761.90 288,817.91
Sewage Collection System 458,467.55 1,395 .94 $ 726.50 459,136.99
Sewage Plants 190,769.76 190,769.76
11 Laboratory 6,649.44 405.00 7,054.44
Warehouse Building 6,225.00 6,225 .00
Total Structures and Improvements $1,077,104.79 $1,096,320.63
Construction in Progress $ 22,465 .00 730,409.82 $ 752,874.82
Total Construction in Progress $ 22,465.00 $ 752,874.82
II Other
Office Furniture and Fixtures $ 4,105 .48 161.55 $ 4,267.03
Machinery and Equipment
II Truck 4,752.15 4,752.15
Radio Equipment 987.93 987.93
Tools 1,333.73 119.45 1,453 .18
Link Belt Ditching Machine 15 ,200.00 15 ,200.00
II Backhoe 6,200.00 6,200.00
Utility Pump 1 ,500.00 1,500.00
Smoke Testing Machine-Sewer Lines 257.42 257.42
$ 34,079.29 $ 34,617.71
Less : Bonds Matured Prior to
Acquisition 4,000.00 4,000,00
Total Other $ 30,079.29 $ 30,617.71
Total Property, Plant and Equipment $1,157,237.03 $750,890.58 $ 726.50 $1,907,401. 11
11
Source of Funds
From Bonds Assumed $ 596,000.00
From Maintenance and Operating
Account 147,935.20
From General Obligation Bonds Issued 200,000.00
I From Revenue Bonds Issued 700,000.00
From Contribution by Land Owners 11,767.87
From Federal Agencies 251,698.04
Total $1,907,401. 11
13
wr
CITY OF FRIENDSWOOD, TEXAS
ANNEXED WATER DISTRICT (WCID # 21) SYSTEM
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
AS OF SEPTEMBER 30, 1969
Balance Balance
11 10-1-68 Additions Deletions 9-30-69
Structures and Improvements
Land, Water Well and Pumping
1! Facilities $ 56,298.11 $ 56,298.11
Water Distribution 109,814.02 109,814.02
Sewage Collection System 230,517.87 230,517.87
Storm Sewer Facilities 203,370.00 203,370.00
Total $600,000.00 $600,000.00
Source of Funds
From Bonds Assumed $600,000.00
Total $600,000.00
11
11
1!
11
11
14
I
1
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS
INTEREST AND SINKING FUNDS
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
IP
t
Pik
City Water and
1957 1958 1962
Total Series Series Series 00
14.
CASH BALANCE - October 1, 1968 $ 28,324.33 $ 10,846.12 $ 2,572.58 $ 7,326.60
411
RECEIPTS tie
1968 Tax Levy $ 57,906.05 $ 10,213.67 $ 625.32 $ 6,670.15
1967 Tax Levy 717.78 11.95 2.55 29.79 OP
1966 Tax Levy 140.75 10.05 1.85 29.55
1965 Tax Levy 4.03 .29 .16 .85
1964 and Prior Years 25.60 2.20 .52 8.40
Penalty and Interest 696.82 68.81 4.01 64.19
Tax Certificates 9.25 1.32 .09 1.48 iii
Transfer - Refunding Series (9,002.28) (1,543.54)
Transfer from Water and Sewer
Operating Fund 19,537.50 ii
Transfer from WCID # 21 850.31
Interest on Time Deposits 2,062.60 721.98 185.62 536.25
iii
Total Receipts $ 81,950.69 $ 2,027.99 $ (723.42) $ 7,340.66
Total to be Accounted For $110,275.02 $ 12,874.11 $ 1,849.16 $ 14,667.26 !I
DISBURSEMENTS
Debt Serviceri
Interest Paid $ 64,391.20 $ 6,875.00 $ 875.00 $ 6,750.00 61
Bonds Retired 8,000.00 4,000.00
Fees 37.50
Total Disbursements $ 72,428.70 $ 10,875.00 $ 875.00 $ 6,750.00 11
CASH BALANCE - September 30, 1969 $ 37,846.32 $ 1,999.11 $ 974.16 $ 7,917.26 ii
1
1:
441
15 :I
Sewer System Annexed Water District System
1963 1967 1969 1969 1964
Series Series Refunding Revenue Series
$ 5,644.12 $ 1,934.91
11
$ 10,422.11 $ 8,546.13 $ 5,211.06 $ 16,217.61
48.94 57.45 62.13 504,97
11 46.46 52.84
1.09 1.64
3.01 11.47
100.30 82.25 81.64 295.62
2.31 1.90 2.15
10,545.82
$ 15,500.00 4,03 7.50
850.31
412.50 206.25
$ 11,036.72 $ 8,893.98 $ 15,968.75 $ 15,500.00 $ 21,906.01
$ 16,680.84 $ 10,828.89 $ 15,968.75 $ 15,500.00 $ 21,906.01
$ 6,475.00 $ 8,500.00 $ 5,200.00 $ 14,716.20 $ 15,000.00
4,000.00
37.50
$ 10,475.00 $ 8,500.00 $ 5,200.00 $ 14,716.20 $ 15,037.50
$ 6,205.84 $ 2,328.89 $ 10,768.75 $ 783.80 $ 6,868.51
11 16
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF COMBINED CASH RECEIPTS AND DISBURSEMENTS
BOND RESERVE ACCOUNT
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
CITY WATER AND SEWER SYSTEM
1957 1958
TOTAL SERIES SERIES
CASH BALANCE - October 1, 1968 $ 13,736.80 $ 12,491.42 $ 1,245.38
1!
RECEIPTS
11 Interest Earned 965.41 868.87 96.54
Transfer from Water and Sewer
System Operating Fund 1,200.00 1,080.00 120.00
Total to be Accounted For $ 15,902.21 $ 14,440.29 $ 1,461.92
DISBURSEMENTS
Acquisition Costs on
refunded bonds 10,116.00 9,386.30 729.70
CASH BALANCE - September 30, 1969 $ 5,786.21 $ 5,053.99 $ 732.22
11
11
17
ml
I
NO
CITY OF FRIENDSWOOD, TEXAS
STATEMENT OF BOND MATURITIES AND INTEREST REQUIREMENTS mr
WATER AND SEWER SYSTEM
0
CITY SYSTEM WCID # 21
GENERAL COMBINATION COMBINATION
OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE U
FISCAL BOND BOND BOND BOND TOTAL BOND
YEAR MATURITIES MATURITIES MATURITIES MATURITIES MATURITIES
OP
1969 — 1970 $ 9,000.00 $ 9,000.00
1970 — 1971 10,000.00 $ 5,000.00 15,000.00
1971 — 1972 10,000.00 $ 5,000.00 10,000.00 $ 10,000.00 35,000.00
1972 — 1973 15,000.00 10,000.00 10,000.00 35,000.00 OP
1973 — 1974 15,000.00 10,000.00 10,000.00 35,000.00
1974 — 1975 22,000.00 1,000.00 10,000.00 10,000.00 43,000.00
1975 — 1976 18,000.00 6,000.00 15,000.00 10,000.00 49,000.00 0
1976 — 1977 16,000.00 15,000.00 15,000.00 46,000.00ve-
1977 — 1978 21,000.00 7,000.00 15,000.00 15,000.00 58,000.00
1978 — 1979 21,000.00 6,000.00 15,000.00 15,000.00 57,000.00
1979 — 1980 26,000.00 6,000.00 15,000.00 15,000.00 62,000.00
1980 — 1981 32,000.00 8,000.00 15,000.00 15,000.00 70,000.00
1981 — 1982 32,000.00 20,000.00 20,000.00 72,000.00
1982 — 1983 32 000.00 20,000.00 20 000.00 72 000.00
1983 — 1984 32,000.00 20,000.00 20,000.00 72,000.00
1984 — 1985 32,000.00 20,000.00 20,000.00 72,000.00
1985 — 1986 38,000.00 20,000.00 20,000.00 78,000.00
1986 — 1987 38,000.00 25,000.00 25,000.00 88,000.00 WO
1987 — 1988 39,000.00 25,000.00 25,000.00 89,000.00
1988 — 1989 25,000.00 25,000.00 25 ,000.00 75,000.00
11
1989 — 1990 25,000.00 30,000.00 25,000.00 80,000.00
1990 — 1991 25,000.00 30,000.00 25,000.00 80,000.00
1991 — 1992 14,000.00 35,000.00 30,000.00 79,000.00
1992 — 1993 20,000.00 35,000.00 30,000.00 85,000.00
1993 — 1994 10,000.00 35 ,000.00 30,000.00 75,000.00 wi
1994 — 1995 30,000.00 40,000.00 30,000.00 100,000.00
1995 — 1996 30,000.00 40,000.00 30,000.00 100,000.00
1996 — 1997 30,000.00 45,000.00 30,000.00 105,000.00
iAii
1997 — 1998 35,000.00 50,000.00 35,000.00 120,000.00
1998 — 1999 25,000.00 50,000.00 35,000.00 110,000.00
tilit
$717,000.00 $ 49,000.00 $700,000.00 $600,000.00 $2,066,000.00
!!
irb:
:I
18II
11
II
II
II INTEREST
CITY SYSTEM WCID # 21 TOTAL
11 GENERAL COMBINATION COMBINATION PRINCIPAL,
OBLIGATION TAX & REVENUE REVENUE TAX & REVENUE TOTAL BOND AND
BONDS BONDS BONDS BONDS INTEREST INTEREST
11 $ 31,860.00 $ 2,450.00 $ 44,150.00 $ 30,000.00 $ 108,460.00 $ 117,460.00
31,452.50 2,450.00 43,987.50 30,000.00 107,890.00 122,890.00
31,027.50 2,325.00 43,500.00 30,000.00 106,852.50 141,852.50
II 30,477.50 2,200.00 42,850.00 29,500.00 105,027.50 140,027.50
29,802.50 2,200.00 42,200.00 29,000.00 103,202.50 138,202.50
28,997.50 2,175.00 41,550.00 28,500.00 101,222.50 144,222.50
II 28,170.00 2,000.00 40,737.50 28,000.00 98,907.50 147,907.50
27,500.00 1,850.00 39,762.50 27,500.00 96,612.50 142,612.50
26,755.00 1,675.00 38,787.50 26,750.00 93,967.50 151,967.50
25,862.50 1,350.00 37,812.50 26,000.00 91,025.00 148,025.00
II24,822.50 1,050.00 36,837.50 25,250.00 87,960.00 149,960.00
23,526.25 700.00 35,862.50 24,500.00 84,588.75 154,588.75
22,098.75 500.00 34,725.00 23,750.00 81,073.75 153,073.75
II 20,671.25 500.00 33,425.00 22,750.00 77,346.25 149,346.25
19,243.75 500.00 32,125.00 21,750.00 73,618.75 145,618.75
17,816.25 500.00 30,825.00 20,750.00 69,891.25 141,891.25
11 16,242.50 500.00 29,525.00 19,750.00 66,017.50 144,017.50
14,522.50 500.00 28,062.50 18,750.00 61,835.00 149,835.00
12,781.25 500.00 26,437.50 17,500.00 57,218.75 146,218.75
11,312.50 500.00 24,812.50 16,250.00 52,875.00 127,875.00
II 10,137.50 500.00 23,025.00 15,000.00 48,662.50 128,662.50
8,962.50 500.00 21,131.28 13,750.00 44,343.78 124,343.78
8,062.50 500.00 19,140.66 12,500.00 40,203.16 119,203.16
I 7,250.00 500.00 16,996.91 11,000.00 35,746.91 120,746.91
6,750.00 250.00 14,853.16 9,500.00 31,353.16 106,353.16
6,075.00 12,556.29 8,000.00 26,631.29 126,631.29
II 4,725 .00 10,106.29 6,500.00 21,331.29 121,331.29
3,375.00 7,503.17 5,000.00 15,878.17 120,878.17
1,912.50 4,593.80 3,500.00 10,006.30 130,006.30
562.50 1,531.30 1,750.00 3 ,843.80 113,843.80
II
$532,755.00 $ 28,675.00 $859,412.86 $582,750.00 $2,003,592.86 $4,069,592.86
II
II
I
11 19
I
11
II
ai ACCRUED INTEREST AND ACCRUED RESERVE
PRINCIPAL REQUIREMENT REQUIREMENT
11 9-30-69 9-30-69 COMPARISON 9-30-69
BASIS AMOUNT AMOUNT REQUIREMENT AVAILABLE
11 1/6 $ 162.50 $ 4,618.75 $ 4,781.25 $ 7,235.62
II
1/6 $ 41.67 890.00 931.67 1,750.00
II
1/6 $ 562.50 562.50 8,433.44
II
1/6 $ 533.75
11 7/12 2,333.33
$ 2,867.08 2,867.08 6,973.28
11 1/6 $ 708.34 708.34 2,811.25
11 1/6 $ 866.67
7/12 2,916.67
11 $ 3,783.34 3,783.34 11,890.13
11 1/6 $ 3,679.23 0.00* 3,679.23 10,717.56
11 $ 11,804.66 $ 5,508.75 $ 17,313.41 $ 49,811.28
11 1/3 $ 5,000.00 $ 2,500.00 $ 7,500.00 $ 7,640.18
$ 5,000.00 $ 2,500.00 $ 7,500.00 $ 7,640.18
$ 16,804.66 $ 8,008.75 $ 24,813.41 $ 57,451.46
:I
li 21
11
CITY OF FRIENDSWOOD, TEXAS
WATER AND SEWER SYSTEM
BOND REQUIREMENTS COMPARED WITH ACTUAL 11
SEPTEMBER 30, 1969
!!
CITY WATER AND SEWER SYSTEM NEXT MATURITY
ISSUE DATE PRINCIPAL INTEREST
Galveston County WCID # 15
Combination Revenue and Tax Bonds 3-1-70 $ 975.00
Series 1957 $ 0.00
Galveston County WCID # 15
Combination Revenue and Tax Bonds 3-1-70 250.00
Series 1958 0.00
Galveston County WCID # 15
Unlimited Tax Bonds 3-1-70 3,375.00
Series 1962 0.00
Galveston County WCID # 15
Unlimited Tax Bonds 3-1-70 3,202.50
Series 1963 3-1-70 4,000.00
City of Friendswood, Texas
Sewer Improvement Bonds 3-1-70 4,250.00
Series 1967
City of Friendswood, Texas !!
General Obligation Refunding Bonds 3-1-70 5,200.00
Series 1969 3-1-70 5,000.00
!!
City of Friendswood, Texas
Waterworks and Sanitary Sewer System
Revenue Bonds 3-1-70 22,075.36
Series 1969
Total City Water and Sewer System11
ANNEXED WATER DISTRICT SYSTEM
Galveston County WCID # 21
11
Combination Tax and Revenue Bonds 2-1-70 15,000.00
Series 1964
Total Annexed Water District System
Grand Total
*Payments to Reserve Fund begin 1-10-70 at rate !I
of $500.00 per month until Reserve Fund reaches $50,000
2011
I
I
IIACCRUED INTEREST AND ACCRUED RESERVE
PRINCIPAL REQUIREMENT REQUIREMENT
9-30-69 9-30-69 COMPARISON 9-30-69
BASIS AMOUNT AMOUNT REQUIREMENT AVAILABLE
1/6 $ 162.50 $ 4,618.75 $ 4,781.25 $ 7,235.62
II
1/6 $ 41.67 890.00 931.67 1,750.00
II
1/6 $ 562.50 562.50 8,433.44
1/6 $ 533.75
7/12 2,333.33
$ 2,867.08 2,867.08 6,973.28
1/6 $ 708.34 708.34 2,811.25
11 1/6 $ 866.67
7/12 2,916.67
11 $ 3,783.34 3,783.34 11,890.13
11 1/6 $ 3,679.23 0.00* 3,679.23 10,717.56
11 $ 11,804.66 $ 5,508.75 $ 17,313.41 $ 49,811.28
11 1/3 $ 5,000.00 $ 2,500.00 $ 7,500.00 $ 7,640.18
1! $ 5,000.00 $ 2,500.00 $ 7,500.00 $ 7,640.18
$ 16,804.66 $ 8,008.75 $ 24,813.41 $ 57,451.46
41
1! 21
1
CITY OF FRIENDSWOOD, TEXAS IP
COMBINED BALANCE SHEET - ALL FUNDS
AS OF SEPTEMBER 30, 1969
IP
Combined Social
All General Security IP
Funds Fund Fund iit
ASSETS AND OTHER DEBITS
1
Assets - Other than Fixed
Petty Cash $ 250.00 $ 25.00
110
Cash on Hand - Revenues Undeposited 132.70 75.00
AL
Cash in Bank 59,263.15 5,476.82 $ 2,912.67
Taxes Receivable 4,925.59 4,925.59
Less: Reserve for Uncollected Taxes (4,925.59) (4,925.59)
!!
Accounts Receivable 18,153.62
Grants Receivable 50,000.00
Utility Deposits 30.00
Due from Social Security Fund 1,340.67 1,340.67 !!
Due from General Fund - 1969 Tax Levy 19,396.80
Fund Accounts
Water and Sewer System Construction FundII
Cash in Bank 687,733.63
Due from Federal Grant Funds 41,627.76
Deferred Charges (Engineering Fees) 20,651.45
Interest and Sinking Fund ii
Cash in Bank 37,846.32
Taxes Receivable 3,885.17
Due from Construction Fund 9,933.76
il
Bond Reserve Account
Cash in Bank 5,786.21
Total Assets - Other than Fixed $ 956,031.24 $ 6,917.49 $ 2,912.67II
Fixed Assets
Land $ 65,950.47
11
Structures and Improvements 1,791,792.77
Machinery and Equipment 63 ,699.38
Construction in Progress 874,617.87
Furniture, Fixtures, Office Equipment 6,919.69II
Total Fixed Assets $2,802,980.18
Less: Allowance for Depreciation 102,992.70
Net Fixed Assets $2,699,987.48 I
Grand Total $3,656,018.72 $ 6,917.49 $ 2,912.67
11
2211
I
11
11
Library City Annexed General
Building Water & Sewer Water District Fixed
Fund Fund Fund Assets
11
$ 225.00
11 57.70
$ 760.00 46,207.15 $ 3,906.51
11,218.63 6,934.99
50,000.00
30.00
19,396.80
11 687,733.63
41,627.76
20,651.45
30,977.81 6,868.51
3,113.50 771.67
9,933.76
5,786.21
$ 70,156.80 $ 857,562.60 $ 18,481.68
$ 27,587.95 $ 38,362.52
11 1,096,320.63 $ 600,000.00 95,472.14
29,350.68 34,348.70
752,874.82 121,743.05
1,267.03 5,652.66
$1,907,401.11 $ 600,000.00 $ 295,579.07
90,992.70 12,000.00
11 $1,816,408.41 $ 588,000.00 $ 295,579.07
$ 70,156.80 $2,673,971.01 $ 606,481.68 $ 295,579.07
11
111 23
1
11
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET - ALL FUNDS
Itil
AS OF SEPTEMBER 30, 1969
r
it
Combined Social
All General Security !!
Funds Fund Fund
LIABILITIES, RESERVES & SURPLUS
lit
Liabilities - Other than Long Term
Accounts Payable $ 9,182.89 110
Customers' Meter Deposits 1,256.75 $ 43.00
Mt
Due to Interest and Sinking Fund 9,933.76
Due to General Fund 1,340.67 $ 1,340.67
Construction Contracts Payable 749,623.10
Construction Engineering Fees Payable 19,013.33
Due to Federal Agencies (HUD) 41,599.45
Accrued Bond Interest Payable 11,554,66
$
Accrued Bond Principal Payable 5,250.00
Total Liabilities - Other than Long Term $ 848,754.61 $ 43.00 $ 1,340.67
Long Term Liabilities Ill
Total Bonds Payable $2,066,000.00
Less: Accrued Principal Classified as
Current Liability 5,250.00
Total Long Term Liabilities $2,060,750.00
Total Liabilities $2,909,504.61 $ 43.00 $ 1,340.67
li
Other Credits
Reserve for Retirement of Sinking Fund
Bonds $ 45 ,896.80 11
Social Security Fund Reserve 1,572.00 $ 1,572.00
Contributions
By Land Owners 11,767.87
By Federal Agencies 276,448.04
Total Other Credits $ 335,684.71 $ 1,572.00
Surplus 11
Arising from Bonds Retired $ 30,000.00
Arising from Revenues Invested in
Fixed Assets 259,223.50 II
Arising from Contributions 159,540.77
Unappropriated Surplus (37,934.87) $ 6,874.49
Total Surplus $ 410,829.40 $ 6,874.49
Grand Total $3,656,018.72 $ 6,917.49 $ 2,912.67 11
24
11
1
I
11
II
II Library City Annexed General
Building Water & Sewer Water District Fixed
Fund Fund Fund Assets
11 $ 9,182.89
1,213.75
9,933.76
II $ 70,156.80 679,466.30
19,013.33
41,599.45
6,554.66 $ 5,000.00
II 5 ,250.00
$ 70,156.80 $ 772,214.14 $ 5,000.00
II
$1,466,000.00 $ 600,000.00
II5,250.00
$1,460,750.00 $ 600,000.00
11 $ 70,156.80 $2,232,964.14 $ 605,000.00
II $ 43,256.62 $ 2,640.18
II11,767.87
251,698.04 $ 24,750.00
$ 306,722.53 $ 2,640.18 $ 24,750.00
11
$ 30,000.00
11 147,935.20 $ 111,288.30
159,540.77
(43,650.86) $ (1,158.50)
II $ 134,284.34 $ (1,158.50) $ 270,829.07
11 $ 70,156.80 $2,673,971.01 $ 606,481.68 $ 295,579.07
II 25
CITY OF FRIENDSWOOI
ANALYSIS OF CHANGES IN UNAPT
OCTOBER 1, 1968 to SEPTE
Total
BALANCE - October 1, 1968 $ (17,666.45)
1! ADDITIONS
Excess of Revenues over
Operating Expenditures $ 102,482.75
Contributions 28,180.75
Interest Earned on Social
Security Fund 113.65
Total Additions $ 130,777.15
$ 113,110.70
DEDUCTIONS
Provision for Depreciation $ 37,487.31
Capital Outlay 92,757.04
Interest Paid on Indebtedness
11 for Fire Fighter Donated to
Friendswood Voluntary Fire
Department in 1965 63.72
Transfer to Interest and Sinking
Fund 19,537.50
Transfer to Bond Reserve Account 1,200.00 _
Total Deductions $ 151,045.57 $
BALANCE - September 30, 1969 $ (37,934.87) $
11
11
11
26
1
II
CITY OF FRIENDSWOOD, TEXAS
11 COMPARISON OF BUDGET WITH ACTUAL RECEIPTS AND DISBURSEMENTS
GENERAL FUND
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
II
BUDGET ACTUAL
RECEIPTS
Ad Valorem Taxes $110,000.00 $112,304.14
I! Fines and Fees 4,000.00 3,278.50
Inspections and Permits 12,000.00 14,539.49
Franchise and Gross Receipts Tax 10,000.00 14,408.95
Rent 600.00 625.00
II Interest 500.00 1,119.90
Miscellaneous 200.00 73.22
Federal Funds 70,900.00 24,750.00
II Moody Foundation 37,500.00
Other Contributions 1,191.12
Carry-over from 1968 15,000.00 16,644.31
IITotal Receipts $223,200.00 $226,434.63
OPERATING EXPENSES
General and Administrative Expenses $ 28,929.00 $ 35,030.89
II Police Department Expenses 20,695.00 23,242.05
Streets and Drainage Expenses 42,455.00 50,086.82
Miscellaneous 14,620.00 11,675.73
IITotal Operating Expenses $106,699.00 $120,035.49
Excess of Revenues over Operating Expenses $116,501.00 $106,399.14
II CAPITAL OUTLAY
General and Administrative $ 3,000.00 $ 240.01
Police Department 1,180.00 1,199.81
II Streets and Drainage 1,600.00 2,999.41
Other 110,721.00 95,085.42
Total Capital Outlay $116,501.00 $ 99,524.65
ISURPLUS - September 30, 1969 $ 6,874.49
II
11
11 27
I
11
CITY OF FRIENDSWOOD, TEXAS
II COMPARISON OF BUDGET WITH ACTUAL INCOME AND EXPENSES
WATER AND SEWER SYSTEMS
OCTOBER 1, 1968 to SEPTEMBER 30, 1969
II
BUDGET ACTUAL
II INCOME
Revenue - Water and Sewer Charges $108,000.00 $143,084.28
II Reconnect Fees 162.50
Tap Fees 32,000.00 36,085.00
Miscellaneous 96.57
Total Income $140,000.00 $179,428.35
II
OPERATING EXPENSES
Salaries and Wages $ 32,793.00 $ 29,460.41
II Payroll Taxes 1,507.00 1,367.79
Employee Benefits 750.00 975.09
Operating Supplies 10,000.00 7,613.53
II Repairs - Plant 5,500.00 11,000.82
Repairs - Lines 4,000.00 3,435.13
Repairs - Equipment 1,000.00 500.89
Taps - Water and Sewer 16,000.00 26,059.04
II Laboratory Expense 200.00 385.17
Miscellaneous Expenses 200.00 178.00
Truck Expense 800.00 1,380.93
II Utilities 8,000.00 12,398.06
Office and Administrative Expenses 2,500.00 3,345.62
Insurance and Bonds 1,400.00 1,999.65
II Engineering Fees 800.00 499.96
Audit Expense 700.00 1,345.57
Legal Expense 1,500.00 1,200.00
Total Expenses $ 87,650.00 $103,145.66
II
Income Available for Debt Service $ 52,350.00 $ 76,282.69
1
I
II
II 28
II
II
CITY OF FRIENDSWOOD, TEXAS
11 SCHEDULE OF GENERAL FIXED ASSETS
AS OF SEPTEMBER 30, 1969
11 Balance Balance
10-1-68 Additions Deletions 9-30-69
11 City Hall
Building $ 76,500.00 $ 76,500.00
11 Furniture, Fixtures and Office Equipment
File Cabinets $ 279.92 $ 279.92
Furniture (Desks, Tables, Chairs) 852.13 $ 78.46 930.59
11 Adding Machines 160.00 161.55 321.55
Typewriters 718.00 718.00
Mimeograph Machine & Stand 730.00 730.00
II Sony Tape Recorder & Stand 307.30 307.30
SCM Photo Copier & Stand 1,210.00 1,210.00
Furnishings - Mayor's Office 842.80 842.80
Flag Set 79.00 79.00
II Civil Defense Antenna 81.20 $ 81.20*
Water Cooler 196.00 196.00
G.E. Vacuum Cleaner 37.50 37.50
11 Total Furniture, Fixtures and
Office Equipment $ 5,493.85 $ 5,652.66
II Police Department
1968 Plymouth Pursuit Sedan $ 2,647.00 $ 2,647.00
1957 Chevrolet i Ton Pick-Up 120.00 120.00
Radio Equipment 3,602.13 1,079.81 4,681.94
11 Emergency Warning Light 65 .00 65.00
Radar Unit 732.85 732.85
Miscellaneous Police Equipment 148.40 148.40
11 Office Furniture and Equipment 105.18 105. 18
Total Police Department Expense $ 7,300.56 $ 8,500.37
Streets and Bridges
Street Improvement $ 28.80 $ 28.80
Street Signs 4,425 .56 332.93 4,758.49
Right-O-Ways 4,771.50 4,771.50
I Castlewood Bridge 5,100.71 5 ,100.71
Equipment
International Tractor with Mowers 3,302.00 3,302.00
11 1967 Ford 2-Ton Dump Truck 3,979.32 3,979.32
Used Caterpillar Grader 9,200.00 9,200.00
1968 Ford Pick-Up Truck 1 ,822.00 1,822.00
Miscellaneous Other Equipment 275.00 135 .00 410.00
11 Rotary Cutter 565 .00 565.00
Pneumatic Roller 500.00 500.00
Skill Saw 179.95 179.95
11 Radio Equipment (Truck) 840.53 840.53
Wiring-Equipment Warehouse 446.00 446.00
Total Streets and Bridges $ 32,904.89 $ 35,904.30
11 29
11
IISCHEDULE OF GENERAL FIXED ASSETS
-continued-
IIBalance Balance
10-1-68 Additions Deletions 9-30-69
11 Civil Defense
Generators (5) $ 472.00 $ 472.00
Semi Van-Type Trailer 300.00 300.00
11 Bell and Howell Film Projector 545.00 545.00
Civil Defense Antenna 81.20* 81.20
Total Civil Defense $ 1,398.20
II Library
Library Site 7,838.00 $ 7,838.00
Library Building (Under Construction) 121,743.05 121,743.05
IITotal Library $129,581.05
Park
IPark Site (8.38 acres) 30,524.52 $ 30,524.52
Other
1965 Ford Car $ 2,487.42 $ 2,487.42
IIJail Bunks 492.49 492.49
Dog Pound 314.50 3,059.65 3,374.15
Mosquito Control Equipment 1,163.91 1,163.91
IITotal Other $ 4,458.32 $ 7,517.97
11 Total General Fixed Assets $126,657.62 $169,002.65 $ 81.20 $295 ,579.07
I *Transfer
Source of Funds
From Revenues Invested in Fixed
11 Assets $ 55 ,807.97 $ 36,164.73 $ 81.20 $ 91,891.50
From Contributions 70,849.65 1,191.12 72,040.77
From Federal Funds 24,750.00 24,750.00
II From State Funds 50,000.00 50,000.00
From Moody Foundation 37,500.00 37,500.00
From Future Revenues -
1969-70 Budget 19,396.80 19,396.80
11
Total $126,657.62 $169,002.65 $ 81.20 $295 ,579.07
11
11
11 30
1
II
CITY OF FRIENDSWOOD, TEXAS
11 STATEMENT OF BONDS PAYABLE
SEPTEMBER 30, 1969
II
II Amount Maturity
of Interest Bonds
Name of Issue Issue Date Rate Amount Outstanding
IWATER AND SEWER SYSTEM
II Galveston County Water Control
& Improvement District # 15 Com-
bination Revenue and Unlimited Tax
Bonds dated July 1, 1957
I Bonds assumed under City Ordinance
# 51A as of 12-1-64 $246,000 $ 39,000.00
3-1-72 5.00% $ 5,000
II Bonds Maturing March 1, 1976 and 3-1-75 5.00 1,000
thereafter, are redeemable in whole 3-1-76 5.00 6,000
or in part in inverse numerical 3-1-78 5.00 7,000
II order, on March 1, 1975 or any 3-1-79 5 .00 6,000
interest payment date thereafter 3-1-80 5.00 6,000
at par and accrued interest. 3-1-81 5.00 8,000
IIGalveston County Water Control
& Improvement District # 15 Combination
11 Revenue and Unlimited Tax Bonds
dated July 1, 1958
Bonds assumed under City Ordinance
# 51A as of 12-1-64 $ 25,000 10,000.00
II
3-1-94 5.00% 10,000.00
Bonds are redeemable in whole or
in part in inverse numerical order,
on March 1, 1975 or any interest
payment date thereafter at par and
accrued interest.
11
Galveston County Water Control
& Improvement District # 15
11 Unlimited Tax Bonds dated October
1, 1962
Bonds assumed under City Ordinance
11 # 51A as of 12-1-64 $150,000 150,000.00
3-1-95 4.50% 30,000
Bonds are optional on March 1, 3-1-96 4.50 30,000
I 1981 or on any interest payment 3-1-97 4.50 30,000
date thereafter at par and accrued 3-1-98 4.50 35,000
interest. 3-1-99 4.50 25,000
11 31
II
il
STATEMENT OF BONDS PAYABLE
II
- continued -
1 Galveston County Water Control
& Improvement District # 15
Unlimited Tax Bonds dated
11 October 1, 1963
Bonds assumed under City Ordinance
# 51A as of 12-1-64 $175,000 $ 159,000.00
3-1-70 3.50% $ 4,000
11 Bonds Maturing March 1, 1982 and 3-1-71 3.50 5,000
thereafter, are redeemable in 3-1-72 3.50 5 ,000
whole or in part , in inverse 3-1-73 3.50 5 ,000
II numerical order, on March 1, 1981 3-1-74 3.50 5,000
or any interest payment date 3-1-75 3.50 5,000
thereafter at par and accrued 3-1-76 3.50 6,000
II interest . 3-1-77 3.50 6,000
3-1-78 3.50 6,000
3-1-79 4.25 6,000
3-1-80 4.25 6,000
I 3-1-81 4.25 7,000
3-1-82 4.25 7,000
3-1-83 4.25 7,000
II 3-1-84 4.25 7,000
3-1-85 4.25 7,000
3-1-86 4.25 8,000
11 3-1-87 4.25 8,000
3-1-88 4.25 9,000
3-1-89 4.25 10,000
3-1-90 4.25 10,000
11 3-1-91 4.25 10,000
3-1-92 4.25 10,000
11 City of Friendswood, Texas
Sewer Improvement Bonds
dated March 1, 1967 $200,000 200,000.00
11
3-1-71 5.00% 5,000
Bonds Maturing March 1, 1983 3-1-72 5.00 5 ,000
and thereafter, are optional 3-1-73 5.00 5,000
in whole or in part , on March 1, 3-1-74 5.00 5 ,000
1 1982 or any interest payment date there- 3-1-75 4.10 10,000
after at par and accrued interest. 3-1-76 4.10 10,000
3-1-77 4.10 10,000
11 3-1-78 4.10 10,000
3-1-79 4.10 10,000
3-1-80 4.10 10,000
3-1-81 4.20 15 ,000
II 3-1-82 4.20 15,000
3-1-83 4.20 15 ,000
3-1-84 4.20 15,000
11 3-1-85 4.20 15,000
3-1-86 4.20 15,000
3-1-87 4.20 15,000
11 3-1-88 4.20 15,000
32
II
STATEMENT OF BONDS PAYABLE
- continued -
II
City of Friendswood, Texas
11 General Obligation Refunding Bonds
dated March 1, 1969 $257,000 $ 208,000.00
3-1-70 5.00% $ 5,000
II Bonds Maturing March 1, 1985 3-1-73 5.00 5,000
and thereafter, are optional in 3-1-74 5.00 5,000
whole or in part, on March 1, 3-1-75 5.00 7,000
1984 or any interest payment date 3-1-76 5 .00 2 O00 `12
11 thereafter at par and accrued 3-1-78 5.00 5,000
interest. 3-1-79 5.00 5 ,000
3-1-80 5 .00 10,000
II 3-1-81 5.00 10,000
3-1-82 5.00 10,000
3-1-83 5.00 10,000
II 3-1-84 5.00 10,000
3-1-85 5.00 10,000
3-1-86 5 .00 15,000
3-1-87 5 .00 15,000
II 3-1-88 5.00 15,000
3-1-89 5.00 15,000
3-1-90 5.00 15,000
II 3-1-91 5.00 15,000 M
3-1-92 5.00 4;- OO -` '
3-1-93 5.00 20,000
IICity of Friendswood, Texas
Waterworks and Sanitary Sewer System
Revenue Bonds
II dated May 1, 1969 $700,000 700,000.00
3-1-71 6.50% 5 ,000
Bonds Maturing March 1, 1988 3-1-72 6.50 10,000
II and thereafter, are redeemable 3-1-73 6.50 10,000
in whole or in part, in inverse 3-1-74 6.50 10,000
numerical order, on March 1, 1987 3-1-75 6.50 10,000
II or any interest payment date 3-1-76 6.50 15,000
thereafter at par and accrued 3-1-77 6.50 15 ,000
interest . 3-1-78 6.50 15,000
3-1-79 6.50 15,000
II 3-1-80 6.50 15,000
3-1-81 6.50 15,000
3-1-82 6.50 20,000
11 3-1-83 6.50 20,000
3-1-84 6.50 20,000
3-1-85 6.50 20,000
3-1-86 6.50 20,000
11 3-1-87 6.50 25 ,000
3-1-88 6.50 25,000
3-1-89 6.50 25,000
11 3-1-90 6.50 30,000
3-1-91 6.125 30,000
3-1-92 6.125 35,000
11
33 3-1-93 6.125 35,000
3-1-94 6.125 35,000
11
II
STATEMENT OF BONDS PAYABLE
11
- continued -
II
3-1-95 6.125% $40,000
3-1-96 6.125 40,000
11 3-1-97 6.125 45 ,000
3-1-98 6.125 50,000
3-1-99 6.125 50,000
11
Bonds Payable - City Water and Sewer System $1,466,000.00
11
ANNEXED WATER DISTRICT SYSTEM
11 Galveston County Water Control
& Improvement District # 21
II Waterworks and Sewer System
Combination Tax and Revenue Bonds
dated November 1, 1964
II Bonds assumed under City Ordinance
# 117 as of 11-18-68 and approved
by Board of Directors of Galveston
County WCID # 21 at its final
II meeting on 4-3-69 $600,000 $ 600,000.00
8-1-72 5 .00% $10,000
Bonds Maturing August 1, 1980 8-1-73 5 .00 10,000
11 and thereafter are redeemable in 8-1-74 5 .00 10,000
whole or in part, in inverse 8-1-75 5.00 10,000
numerical order on August 1, 1979, 8-1-76 5 .00 10,000
or on any interest date thereafter 8-1-77 5.00 15,000
II at the following redemption prices 8-1-78 5 .00 15,000
and accrued interest : 8-1-79 5.00 15,000
on 8-1-79 @ 103 % 8-1-80 5.00 15,000
11 2-1-80 or 8-1-80 @ 102i% 8-1-81 5.00 15,000
2-1-81 or 8-1-81 @ 102 % 8-1-82 5.00 20,000
2-1-82 or 8-1-82 @ 101i% 8-1-83 5.00 20,000
11 2-1-83 or 8-1-83 @ 101 % 8-1-84 5.00 20,000
2-1-84 or 8-1-84 @ 100 % 8-1-85 5.00 20,000
2-1-85 or any interest payment 8-1-86 5.00 20,000
date thereafter at par and 8-1-87 5.00 25,000
11 accrued interest . 8-1-88 5 .00 25 ,000
8-1-89 5 .00 25,000
8-1-90 5.00 25 ,000
11 8-1-91 5.00 25,000
8-1-92 5 .00 30,000
8-1-93 5.00 30,000
11 8-1-94 5 .00 30,000
8-1-95 5.00 30,000
8-1-96 5 .00 30,000
34
11
STATEMENT OF BONDS PAYABLE
11
- continued -
11
11 8-1-97 5.00% $30,000
8-1-98 5.00 35,000
8-1-99 5.00 35,000
1 Bonds Payable - Annexed Water District System $ 600,000.00
11
11 Total Bonds Payable $2,066,000.00
11
11
11
11
11 35
II
II
CITY OF FRIENDSWOOD, TEXAS
II SCHEDULE OF INSURANCE IN FORCE
OCTOBER 1, 1969
II
11 Aetna Insurance Company
Policy Number 61S6804 BC
11 Term January 5, 1969 to January 5, 1970
Kind Supervisors Bond - Drainage District
Premium $18.00
Person Covered James Butler Shore
IIAmount of Coverage $5,000
Policy Numbers 61S14212 BC; 61S14215 BC; 61S14217 BC
II Term January 25, 1969 to January 25, 1970
Kind Supervisors Bonds - Drainage District
Premium $54.00
II Persons Covered Paul Kramer; Donald Hackbart ; James O. Nye
Amount of Coverage $5,000 each
Policy Number 61S10072
II Term January 26, 1969 to January 26, 1970
Kind Supervisors Bond - Drainage District
Premium $18.00
II Person Covered Kenneth Truman
Amount of Coverage $5,000
Policy Number 6155979 BC
IITerm April 25, 1969 to April 25, 1970
Kind Tax Assessor - Collector's Bond
Premium $50.00
II Person Covered Laurence Bryan Cline (Tax Assessor)
Amount of Coverage $10,000
IIAmerican and Foreign Insurance
Company (Royal Globe)
Policy Number ALU 52 23 95
II Term October 1, 1969 to October 1, 1970
Kind Comprehensive General Liability
Premium $1,161.00 (Estimated)
II Coverage Bodily Injury Liability
$100,000 each person
200,000 each occurrence
II 200,000 aggregate
Property Damage Liability
$ 5,000 each occurrence
25,000 aggregate
II
II 36
11
SCHEDULE OF INSURANCEIN FORCE
continued -
11
American and Foreign Insurance
Company
11 Policy Number ACS 11 07 32
Term October 1, 1969 to October 1, 1970
Kind Workmen's Compensation and Employer's Liability
Premium $1,935.00 (Estimated)
11 Persons Covered Waterworks Operation; Sewage Disposal Plant
Operations ; Street and Road Construction;
Irrigation or Drainage System Construction;
11 Municipal, County, or State Employees; Clerical
Office Employees ; Policemen; Voluntary Compensa-
tion Personnel (Policemen, Mayor and City
11
Councilmen)
Amount of Coverage Bodily Injury
$100,000 each employee
100,000 each accident
Royalty Indemnity Company
Policy Number 47-55-71
Term October 1, 1969 to October 1, 1970
Kind Honesty Blanket Bond Coverage
Premium $81.00
Persons Covered City Employees
Amount of Coverage $10,000
Royalty Indemnity Company
Policy Number RLU 52 23 94
Term October 1, 1969 to October 1, 1970
Kind Automobile Liability Policy
Premium $1,066.00
Amount of Coverage Bodily Injury Liability
1968 Ford 1/2 ton pickup truck
1968 Ford 1/2 ton pickup truck
1966 Ford 1 ton stake truck
1967 Ford 1 1/2 ton dump truck
1965 Ford Sedan
$ 50,000 each person
100,000 each occurrence
11 1968 Plymouth Police Car
$ 10,000 each person
20,000 each occurrence
Property Damage Liability
1968 Ford 1/2 ton pickup truck
1968 Ford 1/2 ton pickup truck
1966 Ford 1 ton stake truck
1967 Ford 1 1/2 ton dump truck
1965 Ford Sedan
$ 10,000 each occurrence
1968 Plymouth Police Car
37 $ 5,000 each occurrence
I
11
SCHEDULE OF INSURANCE IN FORCE
- continued -
!! Policy RLU 52 23 94 (continued)
Uninsured Motorists
$ 10,000 each person
20,000 each accident
Physical Damage
11 Collision - $100 Deductible
Fire, Theft and Combined Additional Coverage
Actual Cash Value
11 Royalty Indemnity Company
Policy Number RQS 23 52 60
Term October 1, 1969 to October 1, 1970
Kind Contractors Equipment Coverage - All Risk Form
Premium $312.00
Coverage 1) Link Belt Hydra-X-Cator ($ 8,000)
Deductible - $300
2) Front-End Loader ($ 3,600)
Deductible - $100
3) Caterpillar Grader ($ 9,200)
Deductible - $100
Fidelity and Guaranty Insurance Underwriters, Inc,
1 Policy Number Term OF 2627
October 1, 1965 to October 1, 1970
Kind Fire, Lightning, Extended Coverage, Vandalism
and Malicious Mischief
Premium $1,928.00
Amount of Coverage 1) $90,000 (90% Co-insurance)
All buildings including City Hall, All-steel
Water Tank and Tower, Chlorination Building,
Outside Electrical Panel and Outside Site
Improvements
2) $ 5 ,000
Contents, City Hall and Fire Department
3) $ 500
Contents, Chlorination Building
Aetna Life Insurance Company
Policy Number 103965 (Group Policy)
Effective Date July 29, 1968
Kind Group Life Insurance; Basic plus Major Medical
plan Insurance
Persons Covered All Employees
Coverage Life Insurance
$ 2,000 Term Life Insurance
2,000 Accidental Death and Dismemberment
11 Medical Insurance
$ 20 Hospital Room Daily Maximum
20,000 Major Medical Maximum Benefits
38 ($100 Deductible)