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Home My WebLink About1979 09 30 Audited Financial Report - City of Friendswood (2) 11 I . 11 1 t ANNUAL FINANCIAL REPORT CITY OF FRIENDSWOOD, TEXAS For the fiscal year ended September 30, 1979 I I 11 I 11 I I (Report prepared by Finance Department William K. Thompson, Jr. , Director of Finance) It I 1 11 CONTENTS Page 11 Introductory Section 5 Letter of Transmittal 6 Organization Structure and Program Areas 10 Principal Officials 11 Financial Section 12 Audited Financial Statements 13 Accountants Report 14 General Purpose Financial Statements 15 Combined Balance Sheet - All Fund Types and Account Groups 16 Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Fund Types 20 Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - Budgeted and Actual - General and Special Revenue Fund Types 22 Statement of Revenues and Expenses - Proprietary Fund Type (Water and Sewer Fund) 24 Statement of Changes in Contributions and Retained Earnings - Proprietary Fund Type (Water and Sewer Fund) 25 Statement of Changes in Financial Position - Proprietary Fund Type (Water and Sewer Fund) 27 Notes to Financial Statements 28 Combining Financial Statements 36 Combining Balance Sheet - Special Revenue Funds 37 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Special Revenue Funds 38 I I -2- I II II CONTENTS - 2 Exhibit Number Page 11 Individual Fund and Account Group Statements and Schedules 39 IGeneral Fund 40 1 Statement of Revenues - Budgeted and Actual 41 Statement of Expenditures - Budgeted and Actual 42 1 Statement of Expenditures - Budgeted and Actual - By Object 43 1 Combined Schedule of Delinquent Taxes Receivable 47 Water and Sewer Fund (Proprietary Fund) 48 1 Statement of Revenue and Expenditures '- Budgeted and Actual 49 IILong-Term Debt Summary - By Maturity Date 50 Long-Term Debt - Revenue Bonds and General IObligation Bonds - By Maturity Date 51 General Fixed Assets Group of Accounts 52 1 Statement of General Fixed Assets 53 Statement of Changes in General Fixed Assets 54 IIGeneral Long-Term Debt Group of Accounts 55 11 Statement of Changes in General Long-Term Debt 56 General Long-Term Debt - By Maturity Date 58 I Combined Schedule of Investments 59 Combined Schedule of Investments - All Funds 60 IICombined Schedule of Long-Term Debt 62 1 Combined Schedule of Long-Term Debt - All Funds and Account Groups 63 Statistical Section 66 I General Government Expenditures by Function I 67 11 General Revenues by Source II 69 Tax Revenues by Source III 71 Ir -3- II IICONTENTS - 3 Exhibit Number Page IProperty Tax Levies and Collections IV 72 I Assessed and Estimated Actual Value of Taxable Property V 74 I Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita VI 76 Computation of Direct and Estimated Overlapping I Debt VII 78 Property Tax Rates and Tax Levies - All Overlapping IIGovernments VIII 80 Tax Rate Distribution for Debt Service IX 82 I Special Assessment Collections X 84 Ratio of Annual Debt Service Expenditures for I General Bonded Debt to Total General Expenditures XI 85 Schedule of Revenue Bond Coverage XII 87 IIComputation of Legal Debt Margin XIII 89 Schedule of Insurance in Force XIV 90 ISalaries and Surety Bonds of Principal Officials XV 94 II Miscellaneous Statistical Data XVI 96 II II I I I 11 -4- 1 I 1 I ' INTRODUCTORY SECTION I I I 1 I I -5- , .I _ •0 et. @ity en swoo } F .f1 f;„ ► d ` \ `��':/4-':Y.':t' 109 WILLOWICK-PHONE 482-3323 3 {: '"i` 'w q ' FRIENDSWOOD, TEXAS 77546 1l I 11 1! To the Honorable Mayor and Members of the City Council of the City of Friendswood Friendswood, Texas This Annual Financial Report of the City of Friendswood, Texas for the fiscal year ended September 30, 1979, is submitted herewith. Accounting System and Reports The City's accounting records for general government operations are maintained on the accrual method of accounting (with minor exceptions) for all funds other 11 than budgetary funds (general and debt service funds) which utilize the modified accrual method of accounting. The City's Annual Financial Report includes all funds and account groups for which the City is responsible. General Government Functions Revenues of general government functions totaled $2,539,396 in 1978-79, an 1, increase of 31.5% over 1977-78. General property taxes produced 62.37% of the general revenues compared to 59.04% last year. Sales taxes produced 7.55% of the general revenues compared to 9.18% last year. The amount of revenue from various sources and the increase over last year are shown in the following !I tabulation: Increase 11 Per Cent (Decrease) Revenue Sources Amount of Total Over 1977-78 11 Property taxes and penalties . . . $1,583,830 62.37% $325,476 Sales taxes 191,789 7.55 36,843 Franchise and gross receipts taxes 92,446 3.64 15,399 II Licenses and permits 54,724 2.16 (2,827) Sanitation 212,093 8.35 18,844 Fines and forfeits 69,228 2. 73 43,686 11 Other revenue 180,916 7.12 134,804 Intergovernmental 154,370 6.08 22,189 TOTAL $2,539,396 100.00% $594,414 il 11 -6- 1 Assessed valuations of $100,552,290 represented an increase of 12. 3% over the preceding year. The assessed tax levy at October 1, 1978, relating to the fiscal year 1978-79 was $1,147,958, an increase of 12.3% over the tax levy at II October 1, 1977. Current tax collections were 96.3% of tax levy, down .3% from last year. IDelinquent tax collections were $22,800 and represented 2.0% of total collec- tions. The ratio of total collections (current and delinquent) to the current tax levy was 98.3%, a decrease of 1. 7% from 1977-78. Allocations of property tax levy by purpose for 1978-79 and the preceding two fiscal years are as follows (amount per $100/assessed value) : 1 Purpose 1978-79 1977-78 1976-77 General Fund $ .921 $ .813 $ . 787 IIGeneral Obligation Debt .229 .337 .413 TOTAL TAX RATE $1.150 $1.150 $1.200 II Expenditures for general government purposes totaled $2,291,495, an increase of 23.9% over 1977-78. Increases in levels of expenditures for major functions of 1 the City over the preceding year are shown in the following tabulation: Increase II Per Cent (Decrease) Function Amount of Total Over 1977-78 II General Government $ 384,195 16.77% $119,975 Public Safety 626,906 27.36 188,893 Highways and Street 232,564 10.15 8,451 Sanitation 271,220 11.84 47,342 11 Culture - Recreation 391,512 17.08 211,296 Debt Service 273,299 11.92 (210,147) Health and Welfare 8,047 .35 1,299 IIRevenue Sharing 103,752 4.53 74,327 TOTAL $2,291,495 100.00% $441,436 II Unappropriated fund balances in the major operating funds were maintained at adequate levels. The General Fund balance of $592,052 was up $199,493 from last 1 year; the Debt Service Fund balance of $122,363 was down $28,715 from the pre- ceding year; the Capital Projects Fund balance of $485,000 was down $518,608 from prior year; and Special Revenue Fund balance of $87,279 was down $25,811 from II prior year. Capital Projects Fund IIThe proceeds of general obligation bond issues are accounted for in capital projects funds until improvement projects are completed. At the end of the fiscal year, com- pleted projects and construction in progress are transferred to general fixed assets. 11 11 -7- I IIGeneral Fixed Assets The general fixed assets of the City are fixed assets used in the performance of IIgeneral government functions and exclude fixed assets of the Water and Sewer Fund. As of September 30, 1979 general fixed assets of the City amounted to $4,473,254. This amount represents the original cost of the assets and may be less than the Il present value. Depreciation of general fixed assets is not recognized in the City's accounting system. IDebt Administration 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 manage- ment, citizens, and investors. These data for the City of Friendswood at the end of the 1978-79 fiscal year were as follows: IIRatio of Debt to Ratio of Debt Debt Assessed Value to per IIDescription Amount (60% of Market) Market Value Capita Net direct bonded debt $ 4,912,000 5.21% 3.13% $ 446.14 IIOverlapping debt 9,701,991 10.49 6.29 898.25 Total direct and IIoverlapping debt $14,613,991 15.70% 9.42% $1,344.39 II Outstanding general obligation bonds and certificates of obligation at September 30, 1979 totaled $4,912,000, which is considered to be net direct tax supported debt. During the past year $56,000 of tax bonds and certificates of obligation were I retired. The following tabulation presents general obligation bonds issued during the past five fiscal years: 1 Interest Number of Effective Cost per Years to Interest Borrowed IIssue Amount Retirement Rate Dollar 1974 General Obligation Bonds $ 700,000 21 7.82% $1.48 1975 Certificates of Obligation 52,000 1 5.75 .09 I 1976 Certificates of Obligation 55,000 2 5. 75 .10 1977 Street Improvement Bonds 1,350,000 21 5.75 .94 1979 General Obligation Bonds 385,000 20 5.90 .61 1 Water and Sewer System The City's water and sewer utility had a successful year and continued to show IIimpressive gains in gross sales and number of customers. The average water and sewer charge per customer for the fiscal year 1978-79 was $18.22 per month, an increase of $1.33 per month over the fiscal year 1977-78. Comparative data for IIthe past two fiscal years are presented in the following tabulation: 1 -8- 1978-79 1977-78 Operating revenue $674,803 $584,339 Operating expense 606,178 456,697 Net operating revenue . . $ 68,625 $127,642 Number of customers (water) 3,086 2,884 Average water and sewer charge per month . $18.22 $16.89 During the year, regularly maturing revenue bonds of $150,000 were issued and bonds of $30,000 retired in the Utility Fund. There were $1,600,000 revenue bonds authorized but unissued at September 30, 1979. 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. This requirement has been complied with and the auditors' opinion has been included in this report. Submittal for Certificate of Conformance The Municipal Finance Officers Association (MFOA) of the United States and Canada awards its Certificate of Conformance for financial reporting of municipalities which conform to the high standards for financial reporting promulgated by that Association and the National Council on Governmental Accounting. We believe this Annual Report substantially conforms to such standards. In order to obtain the Certificate of Conformance, this report will be submitted to MFOA for consideration. Acknowledgements The preparation of this report on a timely basis was accomplished with the efficient and dedicated services of the entire staff of the Finance Department. I wish to express my appreciation to all members of the department who assisted and contri- buted to its preparation. I would also like to thank your office and the members of the City Council for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner. 11 Respectfully submitted, 4.1.e.A:d4iaekeldmvtffo-xpv 11 William K. Thompson, Jr. A. . oval for Transmittal Director of Finance lames C. Morgan City Manager Friendswood, Texas December 19, 1979 ORGANIZATIONAL STRUCTURE AND PROGRAM AREAS CITY OF FRIENDSWOOD, TEXAS September 30, 1979 MAYOR AND CITY COUNCIL 1 Legislation and Policy r ► ► I MUNICIPAL JUDGE CITY MANAGER I CITY SECRETARY CITY ATTORNEY Court, violations and warrants Departmental support, policy management, Record official Legal Services public information, intergovernmental meetings, main- and prosecution relations and personnel tain records and preside over elections 1 1 1 I PUBLIC WORKS PUBLIC SAFETY INTERNAL SERVICES — PUBLIC SERVICES I - PUBLIC UTILITIES 1 0 -ENGINEERING -POLICE INANCE ARKS AND RECREATION -WATER 1 Supervision, design and Division support, Division support, budget, Facility construction, Production and drafting, survey and patrol, civilian systems development, maintenance, and recrea- distribution construction inspection support, criminal internal audit, treasury tion supervision investigation, administrations, data -SEWER -STREETS & DRAINAGE training and management, accounting IBRARY Collection and Street construction, public relations systems, financial reporting Circulation, reference processing maintenance and drainage purchasing, accounts payable, and research and '-FIRE accounts receivable, payroll children's programs -CUSTOMER SERVICE -SANITATION Stations and equip- and insurance Meter readers and Commercial and residen- ment, volunteer OMMUNITY SERVICES utility billing tial collection, sani- support and fire TAX Family counseling and tary landfill marshall Assessments and collections youth needs INSPECTIONS & PERMITS -HEALTH SERVICES AREHOUSE Building inspections, Pollution and sani- Inventory control street & utilities tation control, food inspections and inspections and ARAGE ordinance enforcement swimming pool Service and maintenance inspections •ERSONNEL -CODE ENFORCEMENT Hiring employees and maintaining employee records NMI ® ® MN all all ® S MI N q! APRINCIPAL OFFICIALS ill CITY OF FRIENDSWOOD, TEXAS September 30, 1979 1 MAYOR !! Ralph L. Lowe !! Mayor Pro-Tem Councilman Councilman Position No. 1 Position No. 4 11 Thomas F. Lay Loren E. Wood 11 Councilman Councilman Position No. 2 Position No. 5 11 Paul E. Maaz Dale Whittenburg 11 11 Councilman Councilwoman Position No. 3 Position No. 6 11 Edward 0. Zeitler Vickie Black City Manager IIJames C. Morgan IICity Secretary Director of Finance Tax Assessor IIBobbie C. Henry William K. Thompson, Jr. Alta Carbone II I 1 -11- '4r mit 411 log FINANCIAL SECTION 14 I# 4411, ql 41. 11111 -12- LBIRSOX YOUNG CO. 411 1114 14, 11, • AUDITED FINANCIAL STATEMENTS CITY OF FRIENDSWOOD, TEXAS 4 FRIENDSWOOD, TEXAS 11 September 30, 1979 I, A q 4 gir 41 -13- '�! L1IRSON• YOUNG 6 CO LffIRSON, YOUNG f CO. CERTIFIED PUBLIC ACCOUNTANTS MEMBERS 1425 CAPITAL NATIONAL BANK BLDG• AMERICAN INSTITUTE OF HOUSTON,TEXAS 77002 CERTIFIED PUBLIC ACCOUNTANTS 713-658-1745 7 Honorable Mayor and Members of City Council City of Friendswood, Texas A We have examined the financial statements of the various funds and account groups of the City of Friendswood, Texas for the year ended September 30, 1979, 41 listed as general purpose financial statements in the foregoing table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other 41 auditing procedures as we considered necessary in the circumstances. In our opinion, the financial statements referred to above present fairly the financial position of the various funds and account groups of the City of ql Friendswood, Texas at September 30, 1979, and the results of operations of such funds and the changes in financial position of the Water and Sewer Fund for the year then ended, in conformity with generally accepted accounting principles 414 applied on -a basis consistent with that of the preceding year. The accompanying other financial information and the column on the accompanying '1 combined financial statements captioned "Total (Memorandum Only)" are not necessary for a fair presentation of the financial statements, but are presented as additional analytical data. This information has been subjected to the tests and other auditing procedures applied in the examination of the financial statements mentioned 111, above and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. 41 II. &L. Houston, Texas 41 December 19, 1979 44 -14- A 1 I 1 I I GENERAL PURPOSE FINANCIAL STATEMENTS 1 I 1 1 I I 1 -15- ' L1IIRSON, YOUNC 6' CO COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS 1! CITY OF FRIENDSWOOD, TEXAS September 30, 1979 1! GOVERNMENTAL FUND TYPES !! Debt Capital Special ASSETS General Service Projects Revenue 1! CASH - unrestricted (including time deposits of $1,039,415) $ 47,297 $ 93,258 $762,339 $60,203 11 DELINQUENT TAXES RECEIVABLE 60,357 19,482 Less allowance for uncollected taxes (60,357) (19,482) 1! -0- -0- • ACCOUNTS RECEIVABLE - less 11 allowance for doubtful accounts of $1,000 20,994 260 2,871 30,863 DUE FROM OTHER FUNDS 657,651 30,738 PREPAID EXPENSES 20,088 INVESTMENT IN AND ADVANCES TO JOINT VENTURE - Note 9 LAND PLANT AND EQUIPMENT - at cost Less allowance for depreciation CONSTRUCTION IN PROGRESS AMOUNT AVAILABLE FOR DEBT SERVICE AMOUNT TO BE PROVIDED FOR RETIREMENT OF GENERAL LONG-TERM DEBT $746,030 $124,256 $765,210 $91,066 The notes to the financial statements are an integral part of this statement. S -16- LfIIRSON, YOUNG 6 CO 1 I 1 1 . PROPRIETARY ACCOUNT GROUPS TOTAL FUND TYPE General General (Memorandum Only) Water and Fixed Long-Term September September Sewer Assets Debt 30, 1979 30, 1978 $ 245,172 $ 1,208,269 $ 1,959,185 79,839 61,534 (79,839) (61,534) -0- -0- • 152,953 207,941 279,890 1 78,364 766,753 258,707 20,088 10,354 I 311,543 311,543 67,973 $ 190,404 258,377 276,884 5,228,460 2,931,737 8,160,197 7,363,726 1 (865,949) - (865,949) (773,481) 4,362,511 2,931,737 7,294,248 6,590,245 2,315,488 1,351,113 3,666,601 1,601,894 $ 122,363 122,363 151,078 3,114,637 3,114,637 2,756,922 iii- $7,534,004 $4,473,254 $3,237,000 $16,970,820 $13,885,159 I 1 -17- 3 MIRSON, YOUNG 8 CO 0, COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2 CITY OF FRIENDSWOOD, TEXAS September 30, 1979 1r I! GOVERNMENTAL FUND TYPESMk Debt Capital Special LIABILITIES AND FUND EQUITY General Service Projects Revenue fib LIABILITIES Accounts payable $143,978 $191,125 $ 3,787 Due to other funds $ 1,893 89,085 !I Current portion of revenue bonds payable Park escrow 10,000 ' !I Customer meter deposits General obligation bonds and • certificates of obligation Revenue bonds payable - less current portion !! TOTAL LIABILITIES 153,978 1,893 280,210 3,787 FUND EQUITY 11 Contributions Investment in general fixed assets Retained earnings !! Reserved for revenue bond retirement Reserved for authorized construction Unreserved Fund balances 11 Reserved for authorized construction 485,000 Unreserved Designated for debt 11 service 122,363 Undesignated 592,052 87,279 11 TOTAL FUND EQUITY 592,052 122,363 485,000 87,279 $746,030 $124,256 $765,210 $91,066 The notes to the financial statements are an integralpart of this statement.g t tement. -18- LBIRSON. YOUNG 6 CO11 !! PROPRIETARY ACCOUNT GROUPS TOTAL FUND TYPE General General (Memorandum Only) Water and Fixed Long-Term Sept. 30, Sept. 30, IISewer Assets Debt 1979 1978 $ 122,466 $ 461,356 $ 226,137 !! 675,775 766,753 258,707 180,000 180,000 60,000 PI 10,000 10,000 MI 36,000 36,000 32,250 !! 1,675,000 $3,237,000 4,912,000 4,613,000 1,070,000 1,070,000 1,070,000 11 3,759,241 3,237,000 7,436,109 6,270,094 II2,077,443 2,077,443 1,204,000 !! $4,473,254 4,473,254 3,075,625 62,088 62,088 57,194 !! 195,183 195,183 364,612 1,440,049 1,440,049 1,253,299 st 485,000 1,003,608 I! 122,363 679,331 656,727 il3,774,763 4,473,254 - 9,534,711 7,615,065 $7,534,004 $4,473,254 $3,237,000 $16,970,820 $13,885,159 !! II II -19- MIRSON.YOUNG 6 CO. :I COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES11 IN FUND BALANCES - ALL GOVERNMENTAL FUND TYPES CITY OF FRIENDSWOOD, TEXAS !I Year ended September 30, 1979 GOVERNMENTAL FUND TYPES 11 Debt Capital Special General Service Projects Revenue REVENUES II Taxes - ad valorem, beverages and sales $ 914,429 $226,689 $191,789 II Federal revenue sharing and grants 70,175 84,195 Franchises, licenses and permits 147,170 Industrial district taxes 446,302 Interest on investments 36,101 17,895 $ 74,697 13,779 Sanitation income 212,093II Fines and forfeitures 69,228 Other income 34,854 TOTAL REVENUES 1,930,352 244,584 74,697 289,763 II EXPENDITURES Operating expenditures 1,503,091 499 Capital outlay 411,353 932,783 103,752II Debt service 272,800 _ TOTAL EXPENDITURES 1,914,444 273,299 932,783 103,752 REVENUES OVER (UNDER) EXPENDITURES 15,908 (28,715) (858,086) 186,011 OTHER FINANCIAL SOURCES (USES) II Proceeds of general obliga- tion bonds 385,000 Operating transfers in 211,822II Operating transfers out (28,237) (45,522) (211,822) TOTAL OTHER FINANCIAL SOURCES (USES) 183,585 - 339,478 (211,822) II REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES ANDII OTHER USES 199,493 (28,715) (518,608) (25,811) Fund balances at Oct. 1, 1978 392,559 151,078 1,003,608 113,090II FUND BALANCES AT SEPTEMBER 30, 1979 $ 592,052 $122,363 $ 485,000 $ 87,279 11 The notes to the financial statements are an integral part of this statement. 1 II -20- LBIRSON, YOUNG d COII 1 !! TOTAL (Memorandum Only) Sept. 30, Sept. 30, 1979 1978 $1,332,907 $1,185,000 154,370 128,182 147,170 134,598 446,302 270,982 142,472 140,127 212,093 193,249 69,228 25,542 34,854 13,822 2,539,396 2,091,502 1,503,590 1,148,483 1,447,888 636,931 272,800 482,977 3,224,278 2,268,391 !I (684,882) (176,889) 385,000 1,350,000 1 211,822 395,752 (285,581) (436,737) 311,241 1,309,015 (373,641) 1,132,126 1,660,335 528,209 $1,286,694 $1,660,335 aaaaa=tea== I _21_ 1 LifIRSON YOUNG 6 CO MI COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN 14 FUND BALANCES - BUDGETED AND ACTUAL - GENERAL AND SPECIAL 4 REVENUE FUND TYPES II CITY OF FRIENDSWOOD, TEXAS Year ended September 30, 1979 it General Fund Variance Favorable Budget Actual (Unfavorable) REVENUES Taxes $1,167,632 $1,360,731 $193,099 re Franchises, licenses and permits 107,450 147,170 39,720 IP Sanitation income 180,000 212,093 32,093 ikiA Fines and forfeitures 16,000 69,228 53,228 Interest on investments 25,000 36,101 11,101 Federal and state grants 48,024' 70,175 22,1511! Miscellaneous - 34,854 34,854 TOTAL REVENUES 1,544,106 1,930,352 386,246 EXPENDITURES !! General government 357,176 384,195 (27,019) Public safety 535,502 626,906 (91,404) Streets 329,186 229,456 99,730 Sanitation 234,368 271,220 (36,852) iiii Parks and recreation 92,482 141,488 (49,006) Library 77,462 83,511 (6,049) 11 Community counseling and appearance 44,025 41,030 2,995 Drainage 22,250 3,108 19,142 Health and welfare 8,465 8,047 418 !! Miscellaneous 18,288 125,483 (107,195) TOTAL EXPENDITURES 1,719,204 1,914,444 (195,240) REVENUES OVER (UNDER) EXPENDITURES (175,098) 15,908 191,006 OTHER FINANCIAL SOURCES (USES) !! Operating transfers in 140,000 211,822 71,822 Operating transfers out (14,194) (28,237) (14,043) 125,806 183,585 57,779 !! REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES11 AND OTHER USES (49,292) 199,493 248,785 ' Fund balances at Oct. 1, 1978 392,559 392,559 -0- 11 FUND BALANCES AT SEPT. 30, 1979 $ 343,267 $ 592,052 $248,785 The notes to the financial statements are an integral part of this statement. -22- Lf/IRSON. YOUNG 6 COII 11 !! !! Total Special Revenue Funds (Memorandum Only) Variance Variance 11 Favorable Favorable Budget Actual (Unfavorable) Budget Actual (Unfavorable) I, $140,000 $191,789 $ 51,789 $1,307,632 $1,552,520 $244,888 107,450 147,170 39,720 !! 180,000 212,093 32,093 16,000 69,228 53,228 13,779 13,779 25,000 49,880 24,880 80,890 84,195 3,305 128,914 154,370 25,456 34,854 34,854 220,890 289,763 68,873 1,764,996 2,220,115 455,119 !I 44,200 (44,200) 357,176 428,395 (71,219) 535,502 626,906 (91,404) 80,890 .59,552 21,338 410,076 289,008 121,068 234,368 271,220 (36,852) 92,482 141,488 (49,006) 77,462 83,511 (6,049) 44,025 41,030 2,995 22,250 3,108 19,142 II 8,465 8,047 418 18,288 125,483 (107,195) 80,890 103,752 (22,862) 1,800,094 2,018,196 (218,102) 11 140,000 " 186,011 46,011 (35,098) 201,919 237,017 I 140,000 211,822 71,822 II (140,000) (211,822) (71,822) (154,194) (240,059) (85,865) (140,000) (211,822) (71,822) (14,194) (28,237) (14,043) I! -0- (25,811) (25,811) (49,292) 173,682 222,974 il113,090 113,090 -0- 505,649 505,649 -0- $113,090 $ 87,279 $(25,811) $ 456,357 $ 679,331 $222,974 I -23- LfURSON, YOUNG f CO. !I II STATEMENT OF REVENUES AND EXPENSES - PROPRIETARY FUND TYPE (WATER AND SEWER FUND) !! CITY OF FRIENDSWOOD, TEXAS Year ended September 30, 1979 1979 1978 !I Operating revenues Water sales and services $674,803 $584,339 !I Operating expenses Water department Personal services 80,725 64,738 !I Supplies 17,512 23,919 Contractual services 94,692 52,767 Other 2,575 1,047 195,504 142,471 Sewer department !! Personal services 126,140 99,859 Supplies 15,541 23,830 Contractual services 163,844 112,392 305,525 236,081 T Depreciation 105,149 78,145 606,178 456,697 OPERATING INCOME 68,625 127,642 Non-operating revenues (expenses) Interest revenue 15,632 12,314 !I Other revenue 16,052 129 Interest expense on revenue bonds (151,853) (194,038) (120,169) (181,595) !! LOSS BEFORE OPERATING TRANSFERS (51,544) (53,953) Operating transfers in 73,759 326,429 NET INCOME $ 22,215 $272,476 1 !I The notes to the financial statements are an integral part of this statement. -24- LfIIRSON: YOUNG 6 CO STATEMENT OF CHANGES IN CONTRIBUTIONS AND RETAINED EARNINGS - PROPRIETARY FUND TYPE (WATER AND SEWER FUND) !I CITY OF FRIENDSWOOD, TEXAS Year ended September 30, 1979 Contributions Balance at October 1, 1978 $1,204,000 tit Add net income for year Contributions from federal government 873,443 11 Balance at September 30, 1979 $2,077,443 11 11 11 !I 1 I The notes to the financial statement are an integral part of this statement. -25- riffxsON YOUNG B CO. 1 1 Retained Earnings Reserved for Reserved for Revenue Bond Authorized Retirement Construction Unreserved Total $57,194 $364,612 $1,253,299 $1,675,105 4,894 (169,429) 186,750 22,215 $62,088 $195,183 $1,440,049 $1,697,320 II 1 1 I -26- l19IRSON, YOUNG 8 CO. i 11 STATEMENT OF CHANGES IN FINANCIAL POSITION - PROPRIETARY FUND TYPE (WATER AND SEWER FUND) IICITY OF FRIENDSWOOD, TEXAS Years ended September 3Q, 1979 and 1978 _ 1979 1978 SOURCES OF FINANCIAL RESOURCES I Operations Net income for the year $ 22,215 $272,476 I Expenses not requiring current outlay of financial resources - depreciation 105,149 78,145 Financial resources provided from operations 127,364 350,621 11 Retirement of property, plant and equipment 23,288 - Contributions 873,443 368,386 II Net increase in reserves - 75,836 1,024,095 794,843 USES OF FINANCIAL RESOURCES liAcquisition of property, plant and equipment 349,085 180,023 Retirement of long-term debt 30,000 82,000 Net increase in restricted assets - cash - 54,763 II Construction costs incurred 1,131,926 345,176 1,511,011 661,962 11 INCREASE (DECREASE) IN WORKING CAPITAL $ (486,916) $132,881 Increase (decrease) in working capital 11 Cash $ 16,207 $ (8,461) Accounts receivable (64,138) 116,640 Investment in joint venture 311,543li - Due from other funds (154,572) 215,438 Accounts payable (9,314) 15,463 11 Customer meter deposits (3,750) (8,385) Current portion of revenue bonds payable (1(3,750) - Due to other funds (462,892) (197,814) ilINCREASE (DECREASE) IN WORKING CAPITAL $ (486,916) $132,881 11 II The notes to the financial statements are an integral part of this statement. 11 -27- IIMIRSON, YOUNG 6 CO. II 11 NOTES TO FINANCIAL STATEMENTS CITY OF FRIENDSWOOD, TEXAS IISeptember 30, 1979 1. SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF FUNDS General Fund 11 The General Fund is used to account for all financial transactions which are not accounted for in another fund. The primary sources of revenue of the General Fund are property taxes, franchises, sanitation income, and II fines and forfeitures. Primary expenditures are for general government, public safety, public works, sanitation and other community services. Debt Service Fund !I The Debt Service Fund is used to account for the payment of interest and principal on all bonded debt of the City. The primary source of revenue ;, for debt service is general property taxes for general obligation bonds and water and sewer revenue for revenue bonds. !! Capital Projects Fund The Capital Projects Fund is used to account for the receipt and expenditure of resources used for acquisition of designated fixed assets except those !I financed by the water and sewer fund. Water and Sewer Fund The Water and Sewer Fund, a proprietary fund, is used to account for operations of the Water and Sewer Department. !I Special Revenue Funds II The Special Revenue Funds are used to account for revenue received from the Federal Government under State and Local Fiscal Assistance Act of 1972 and revenue received from sales and use taxes. Revenues from the Federal Government may be used only for "priority expenditures" as defined in the !! Act. Expenditure of sales and use tax revenue is restricted to one-half for street programs and one-half for parks and recreation programs. Capital improvements are charged to expenditures in the accounts of these funds and capitalized in either the Water and Sewer Fund or General Fixed Assets Group of Accounts. !I !I -28- 3 . MIRSON, YOUNC Q CO. 1 IINOTES TO FINANCIAL STATEMENTS - 2 I1. SIGNIFICANT ACCOUNTING POLICIES (continued) IIDESCRIPTION OF FUNDS (continued) General Fixed Assets Group of Accounts II The General Fixed Assets Group of Accounts is used to account for the City's land, buildings, improvements and equipment (except those recorded in the Water and Sewer Fund) . Such assets are acquired by transfer from II other funds and are recorded at cost. No depreciation is recorded on these assets. General Long-Term Debt Group of Accounts II This group of accounts is used to record the City's liability for general obligation bonds and certificates of obligation due at varying dates ilthrough the year 2000. BASIS OF ACCOUNTING IThe City utilizes the accrual and modified accrual method of accounting. Under the accrual method of accounting, most transactions are recorded when they occur, without regard as to the date that cash is received or II disbursed. The modified accrual method of accounting recognizes revenues in the accounting period in which they become available and measurable. Expenditures are recognized in the accounting period in which the liability II is incurred, if measurable, except for unmatured interest on general long- term debt. II The accrual method of accounting is followed (with minor exceptions) by all funds other than budgetary funds (general, special revenues and debt service funds) , which utilize the modified accrual method of accounting. Modifications in such method from the accrual method follows: II General Fund IIGeneral property taxes are recorded when received. Franchise revenue is recorded when received. 11 Special Revenue Funds Sales and use taxes revenue are recorded when received. II Debt Service Fund Interest expense on long-term debt is recorded when paid. I -29- IILBIRSON, YOUNG 8 CO II NOTES TO FINANCIAL STATEMENTS - 3 II1. SIGNIFICANT ACCOUNTING POLICIES (continued) MEASUREMENT FOCUS jIProprietary (Water and Sewer Fund) fund types are accounted for on an "income determination" or "cost of services" measurement focus. Accord- !' ingly, all assets and all liabilities are included on their balance sheets, and the reported fund equity (total reported assets less total reported liabilities) provides an indication of the economic net worth of the fund. Operating statements for proprietary fund types (on an I income determination measurement focus) report increases (revenues) and decreases (expenses) in total economic net worth. I Governmental (General, Special Revenue, Debt Service, and Capital Projects) fund types, on the other hand, are accounted for on a "spending" or "financial flow" measurement focus. Accordingly, only current assets and li current liabilities are included on their balance sheets, and the reported fund balance (total reported assets less total reported liabilities) pro- vides an indication of available spendable or appropriable resources. Operating statements for governmental fund types (on a spending measurement II focus) report increases (revenues) and decreases (expenditures) in available spendable resources. II Fixed assets which are not used in proprietary fund operations, are all accounted for in a separate self-balancing General Fixed Assets Account Group. Long-term debts which are not intended to be financed through I proprietary funds or Special Assessment Funds, are all accounted for in a separate self-balancing General Long-Term Debt Account Group. Depreciation is reported on the operating statements of proprietary fund II types (on an income determination measurement focus). Depreciation is not reported on the operating statements of governmental fund types (on a spending measurement focus). II ENCUMBRANCES II Encumbrances are obligations which are chargeable to an appropriation and for which a part of the appropriation is reserved. The emcumbrance ceases when the obligation is paid, when the actual liability is incurred, or when the appropriation lapses. Encumbrances outstanding at the end of the 11 year have not been reported as expenditures or liabilities. RESERVES IIProperty taxes receivable have been fully reserved at September 30, 1979. IOTHER SIGNIFICANT ACCOUNTING POLICIES Investments IIInvestments are stated at cost. -30- IILRIRSON, YOUNG d CO. II NOTES TO FINANCIAL STATEMENTS - 4 II1. SIGNIFICANT ACCOUNTING POLICIES (continued) OTHER SIGNIFICANT ACCOUNTING POLICIES (continued) IIAllowance for Depreciation Allowance for depreciation has been provided for plant and equipment in the Water and Sewer Fund using the straight-line method over the following estimated useful life of the assets: II Assets Life Equipment 3 to 10 years . Water and sewer system 50 years II2. ORGANIZATION I The City of Friendswood operates under a "Home Rule Charter" which provides for a "Council-Manager" form of city government. I3. GENERAL OBLIGATION BONDS ISSUED On April 7, 1979, the citizens of the City authorized the issuance of the II City of Friendswood, Texas General Obligation Bonds, Series 1979 in the amount of $385,000. As of September 30, 1979, all of the bonds had been issued. The proceeds from the sale of these bonds are to be used as follows: To construct additions, extensions and improvements to the City's existing Waterworks System $100,000 IITo construct a permanent building to be used as a fire station 75,000 IITo construct street improvements 30,000 II To construct improvements and additions to the present public library 180,000 TOTAL PROCEEDS $385,000 I 4. REVENUE BONDS ISSUED IIDuring the fiscal year ended September 30, 1979, the City issued $150,000 of the City of Friendswood, Texas Waterworks and Sanitary Sewer System Junior Lien Revenue Bonds, Series 1979. The proceeds of these bonds are IIto be used to construct improvements and extensions to the City's sanitary sewer system. 11 -31- IIMIRSON, YOUNG 8 CO. 11 11 NOTES TO FINANCIAL STATEMENTS - 5 I! 5. BONDS AUTHORIZED On August 6, 1979, the City Council authorized the issuance of the City of Friendswood, Texas Waterworks and Sanitary Sewer System Junior Lien Revenue Refunding and Improvement Bonds, Series 1979 in the amount of $1,750,000. Of the proceeds of this bond issue, $150,000 will be used li to refund the aforementioned City of Friendswood, Texas Waterworks and Sanitary Sewer System Junior Lien Revenue Bonds, Series 1979, (Note 4) and the remaining $1,600,000 will be used to construct improvements and II extensions to the City's sanitary sewer system. At September 30, 1979 none of the bonds had been issued. In October, 1979, $400,000 of the $1,750,000 of bonds authorized were issued. 11 6. LITIGATION The City is defendant in a lawsuit brought by Sun Meadows Ventures, developer of an annexed utility district. The suit alleges that the City has withheld bond funds earmarked for construction performed by II the plaintiff. The plaintiff seeks to recover $200,000 in actual damages and $500,000 in exemplary damages plus $30,000 in attorney's fees. Management of the City is of the opinion that such suit is II without merit. 7. PENSION PLAN IThe City participates in the Texas Municipal Retirement System, an agency operated by the State of Texas. All fulltime employees are 11 covered by the pension plan. The total pension expense for the year ended September 30, 1979 was $17,238, which includes amortization of prior service cost over 25 years. The City's policy is to fund pension cost accrued. The total of pension fund and balance sheet Iaccruals less pension prepayments and deferred charges at December 31, 1979 exceeded the actuarially computed value of vested benefits by approximately $21,595. The unfunded prior service liability Iwas $81,780 at December 31, 1979. 11 II It II -32- IILfURSON, YOUNG 6 Co II liNOTES TO FINANCIAL, STATEMENTS - 6 II 8. LONG-TERM DEBT A summary of debt service requirements to maturity date for all types of Ioutstanding debt at September 30, 1979 follows: Certificates of II Year Obligation and General Ending Total Obligation Bonds - Revenue Bonds Sept. 30 Principal Interest Principal Interest Principal Interest 1980 $ 288,000 $ 381,611 $ 108,000 $ 318,446 $ 180,000 $ 63,165 1981 142,000 369,836 112,000 309,474 30,000 60,362 1982 167,000 360,491 127,000 302,016 40,000 58,475 li 1983 177,000 349,873 137,000 293,698 40,000 56,175 1984 187,000 338,707 147,000 284,832 40,000 53,875 1985 202,000 326,663 162,000 275,088 40,000 51,575 II 1986 213,000 313,601 173,000 264,326 40,000 49,275 1987 228,000 299,802 178,000 252,989 50,000 46,813 1988 239,000 285,366 189,000 241,429 50,000 43,937 1989 255,000 269,858 205,000 228,795 50,000 41,063 II1990 275,000 252,876 220,000 214,851 55,000 38,025 1991 290,000 234,722 235,000 199,841 55,000 34,881 1992 314,000 215,569 249,000 183,928 65,000 31,641 11 1993 330,000 194,570 265,000 166,573 65,000 27,997 1994 350,000 171,658 285,000 147,305 65,000 24,353 1995 380,000 147,522 310,000 126,966 70,000 20,556 Il 1996 405,000 122,169 335,000 105,563 70,000 16,606 1997 430,000 102,184 355,000 89,681 75,000 12,503 1998 425,000 76,908 340,000 68,814 85,000 8,094 1999 445,000 50,780 360,000 47,499 85,000 3,281 II2000 420,000 30,200 420,000 30,200 - - $6,162,000 $4,894,966 $4,912,000 $4,152,314 $1,250,000 $742,652 Il = A summary of changes in general long-term debt during the year ended September 30, 1979 follows: Balance Obligations Obligations Balance Oct. 1, 1978 Issued Retired Sept. 30, 1979 11 $2,908,000 $385,000 $56,000 $3,237,000 II I I -33- IILiiiRSOIV. MI/NC 6 CO NOTES TO FINANCIAL STATEMENTS - 7 II 9. INVESTMENT IN JOINT VENTURE At September 30, 1979, the City was a partner in a joint venture formed to construct a regional sewage treatment plant. The City's share of the construction costs is approximately 60%. The construction of the plant was in process at September 30, 1979. A condensed balance sheet of the joint venture as of September 30, 1979 and a statement of operations for the year then ended follows: BALANCE SHEET ASSETS Cash $ 315,278 11 Federal grant receivable 923,236 $1,238,514 LIABILITIES AND EQUITY Current liabilities $1,166,299 Participants' equity (deficit) City of Friendswood 311,543 Other participants (239,328) 72,215 11 $1,238,514 __________ STATEMENT OF OPERATIONS Contributions and grants $2,839,051 Construction costs 2,839,051 NET INCOME $ -0- il == -34- LAIRSON. YOUNG 6 CO NOTES TO FINANCIAL STATEMENTS - 8 11 9. INVESTMENT IN JOINT VENTURE (continued) Approximately 60 percent of the venture's construction costs have been recorded by the City in the Water and Sewer Fund. 10. GENERAL FIXED ASSETS A summary of changes in general fixed assets for the year ended September 30, 1979 follows : 11 Balance at Balance at Oct: 1, 1978 Additions Retirements Sept. 30, 1979 11 $3,075,625 $1,441,788 $44,159 $4,473,254 1 -35- IfIIRSON, YOUNG 6 CO. I I I I I I COMBINING STATEMENTS I e I I e I 1 -36- ' ' lflIRSON, YOUNG fd CO. II COMBINING BALANCE SHEET - SPECIAL REVENUE FUNDS CITY OF FRIENDSWOOD, TEXAS ISeptember 30, 1979 Revenue Sales Sharing Tax ASSETS Fund Fund Total CASH - unrestricted (including certificates of deposit of $58,266) $60,202 $ 1 $60,203 ACCOUNTS RECEIVABLE 21,288 9,575 30,863 11 $81,490 $9,576 $91,066 LIABILITIES AND FUND BALANCES LIABILITIES Accounts payable $ 3,787 $ 3,787 FUND BALANCES Unreserved 77,703 $9,576 87,279 $81,490 $9,576 $91,066 1 II -37- ' L./h 2N, YOUNG 6 CO. II COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - SPECIAL REVENUE FUNDS CITY OF FRIENDSWOOD, TEXAS Year ended September 30, 1979 Revenue Sales Sharing Tax Fund Fund Total REVENUES Taxes - ad valorem, beverages and sales $191,789 $191,789 tFederal revenue sharing and grants $ 84, 195 - 84, 195 Interest on investments 6,127 7,652 13,779 ' TOTAL REVENUES 90,322 199,441 289,763 EXPENDITURES ' Capital outlay 103,752 - 103,752 REVENUES OVER (UNDER) EXPENDITURES (13,430) 199,441 186,011 ' OTHER FINANCIAL USES - Operating transfers out (211,822) (211,822) REVENUES UNDER EXPENDITURES AND I OTHER USES (13,430) (12,381) (25,811) Fund balances at October 1, 1978 91, 133 21,957 113�090 ' FUND BALANCES AT SEPTEMBER 30, 1979 $ 77,703 $ 9,576 $ 87,279 1 1 -38- ' L9/RSON. YOUNG 6 CO. II I 1 INDIVIDUAL FUND AND ACCOUNT GROUP STATEMENTS AND SCHEDULES I -39- L1ljWSON, YOUNC 8 CO I 1 1 1 I GENERAL FUND I 1 1 e I L SO YOUNG co II II GENERAL FUND STATEMENT OF REVENUES - BUDGETED AND ACTUAL CITY OF FRIENDSWOOD, TEXAS Years ended September 30, 1979 and 1978 1979 I Actual Over {Under) 1978 II •Budget Actual Budget Actual Operating revenue Taxes General property taxes $ 887,579 $ 901,922 $ 14,343 $ 720,035 Penalties and interest - 8,917 8,917 6,040 Industrial district taxes 280,053. 446,302 166,249 270,982 Mixed beverage taxes - 3,590 3,590 3,447 1,167,632 1,360,731 193,099 1,000,504 Franchises, licenses and permits Franchises 69,000 92,446 23,446 77,047 . Licenses and permits 38,450 54,724 16,274 57,551 107,450 147,170 39,720 134,598 1 II In Other income Sanitation income 180,000 212,093 32,093 193,249 Fines and forfeitures 16,000 69,228 53,228 25,542 Miscellaneous - 28,947 28,947 6,932 196,000 310,268 114,268 225,723 IITOTAL OPERATING REVENUE 1,471,082 1,818,169 347,087 1,360,825 Non-operating revenue Federal and state grants 48,024 70,175 22,151 60,901 Interest on investments 25,000 36,101 11,101 28,843 Donations - 5,907 5,907 6,890 1 II 73,024 112,183 39,159 96,634 TOTAL REVENUES 1,544,106 1,930,352 386,246 1,457,459 11 Other financial sources Contributions from other funds 140,000 211,822 71,822 234,800 TOTAL REVENUES AND OTHER FINANCIAL SOURCES $1,684,106 $2,142,174 $458,068 $1,692,259 II -41- IIMIRSON,YOUNG 8 CO II GENERAL FUND !I STATEMENT OF EXPENDITURES -BUDGETED AND ACTUAL CITY OF FRIENDSWOOD, TEXAS Years ended September 30, 1979 and 1978 11 1979 Actual !! (Over) Under 1978 Budget Actual Budget Actual General Government Administration $ 219,716 $ 243,340 $ (23,624) $ 180,590 Engineering 55,032 50,659 4,373 36,854 11 Municipal Court 20,111 25,652 (5,541) 19,111 Planning and zoning 6,500. 5,370 1,130 2,092 Building 55,817 59,174 (3,357) 25,573 IITotal General Government 357,176 384,195 (27,019) 264,220 Public Safety Police 449,143 505,364 (56,221) 355,314 Fire and rescue 86,359 121,542 (35,183) 82,699 Total Public Safety 535,502 626,906 (91,404) 438,013 !! Public Welfare Streets 329,186 229,456 99,730 216,582 Drainage 22,250 3,108 19,142 7,531 2 Sanitation 234,368 271,220 (36,852) 223,878 Health and welfare 8,465 8,047 418 6,748 Total Public Welfare 594,269 511,831 82,438 454,739 !I Community Services Library 77,462 83,511 (6,049) 66,351 Parks and recreation 92,482 141,488 (49,006) 62,816 Community appearance 1,000 630 370 245 Community counseling 43,025 40,400 2,625 32,706 Humane 16,588 19,804 (3,216) 18,098 Civil defense 500 103,592 (103,092) -0- YNOC 1,200 2,087 (887) -0- Total Community Services 232,257 391,512 (159,255) 180,216 IITOTAL EXPENDITURES 1,719,204 1,914,444 (195,240) 1,337,188 Contributions to other funds 14,194 28,237 (14,043) 230,380 TOTAL $1,733,398 $1,942,681 $(209,283) $1,567,568 II Operating expenses $1,437,690 $1,503,091 $ (65,401) $1,148,014 Capital outlay 281,514 411,353 (129,839) 189,174 Interfund transfer 14,194 28,237 (14,043) 230,380 11 TOTAL $1,733,398 $1,942,681 $(209,283) $1,567,568 a m..=a -42- MASON. YOUNG 6 CO I II GENERAL FUND STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT !! CITY OF FRIENDSWOOD, TEXAS Years ended September 30, 1979 and 1978 I 1979 !I Actual (Over) Under 1978 Budget Actual Budget Actual II General Government 11 Administration Personal services $ 77,366 $ 77,421 $ (55) $ 68,324 Supplies 10,000 8,726 1,274 11,137 II Contractual services 121,350 81,547 39,803 87,142 Travel and training 4,100 3,829 271 3,794 Memberships and subscriptions 1,400 1,614 (214) 1,234 Capital outlay 5,500 70,203 (64,703) 8,959 II219,716 243,340 (23,624) 180,590 Engineering II Personal services 33,082 32,940 142 19,868 Supplies 1,000 2,410 (1,410) 1,164 Contractual services 20,600 14,301 6,299 15,822 11 Capital outlay 350 1,008 (658) -0- 55,032 50,659 4,373 36,854 Municipal Court Personal services 18,071 23,876 (5,805) 16,621 Supplies 615 827 (212) 860 Contractual service 703 873 (170)- 1,158 I Travel and training 297 6 291 64 Memberships and subscription 225 -0- 225 60 Capital outlay 200 70 130 348 II20,111 25,652 (5,541) 19,111 Planning and Zoning Supplies 200 374 (174) 430 !I Contractual services 5,300 4,717 583 1,662 Travel and training 900 -0- 900 -0- Capital outlay 100 279 (179) -0- II6,500 5,370 1,130 2,092 11 II -43- I /_AIRSON, YOUNG 6 CO II !I STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 2 !! 1979 Il Actual (Over) Under 1978 !I Budget Actual Budget Total Building II Personal services 42,512 43,834 (1,322) 15,654 Supplies 1,780 2,469 (689) 1,668 Contractual services 4,425 5,473 (1,048) 1,061 Travel and training 400 478 (78) 787 !! Memberships and subscriptions 200 105 95 101 Capital outlay 6,500 6,815 (315) 6,302 55,817, 59,174 (3,357) 25,573 !, TOTAL GENERAL GOVERNMENT 357,176 384,195 (27,019) 264,220 !I Public Safety Police Service Personal services 355,777 370,705 (14,928) 270,612 Supplies 29,225 29,787 (562) 25,698 !! Contractual services 23,450 49,484 (26,034) 29,173 Travel and training 2,700 1,951 749 553 Memberships and subscriptions 600 685 (85) 634 II Capital outlay 37,391 52,752 (15,361) 28,644 449,143 505,364 (56,221) 355,314 Fire and Rescue Services IIPersonal services 18,768 16,931 1,837 9,548 Supplies 9,360 13,454 (4,094) 13,064 Contractual services 32,686 36,465 (3,779) 27,273 Travel and training 5,718 4,311 1,407 4,223 Memberships and subscriptions 1,100 1,010 90 1,233 Capital outlay 18,727 49,371 (30,644) 27,358 11 86,359 121,542 (35,183) 82,699 TOTAL PUBLIC SAFETY 535,502 626,906 (91,404) 438,013 II Public Welfare Streets Personal services 133,936 87,416 46,520 92,869 11 Supplies 54,850 21,398 33,452 44,168 Contractual services 33,150 52,742 (19,592) 55,418 Capital outlay 107,250 67,900 39,350 24,127 329,186 229,456 99,730 216,582 II -44- IIMIRSON, YOUNG 8 CO. II STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 3 II II 1979 II Actual (Over) Under 1978 ilBudget Actual Budget Actual Drainage Supplies 1,250 1,528 (278) 5 II Contractual services 11,000 1,580 9,420 104 Capital outlay 10,000 _ 10,000 7,422 22,250 3,108 19,142 7,531 IISanitation Personal services 145,148 145,373 (225) 115,674 II Supplies 12,375' 23,271 (10,896) 15,067 Contractual services 43,845 67,288 (23,443) 65,802 Capital outlay 33,000 35,288 (2,288) 27,335 234,368 271,220 (36,852) 223,878 IIHealth and Welfare 8,465 8,047 418 6,748 IITOTAL PUBLIC WELFARE 594,269 511,831 82,438 454,739 Community Services Library IIPersonal services 50,351 56,505 (6,154) 38,484 Supplies 1,650 1,515 135 1,407 Contractual services 5,031 7,491 (2,460) 4,753 II Travel and training 1,380 856 524 1,268 Memberships and subscriptions 3,299 981 2,318 3,684 Capital outlay 15,751 16,163 (412) 16,755 II77,462 83,511 (6,049) 66,351 Parks and Recreation Personal services 29,282 18,067 11,215 7,811 II Supplies 6,350 7,328 (978) 6,766 Contractual services 15,300 14,718 582 16,768 Contingency - 38 (38) - II Capital outlay 41,550 101,337 (59,787) 31,471 92,482 141,488 (49,006) 62,816 Community Appearance I Supplies - 274 (274) 245 Capital outlay 1,000 356 644 - 1,000 630 370 245 11 II -45- ILfdIRSON.YOUNG 6 CO I IISTATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 4 1 1979 II Actual (Over) Under 1978 IBudget Actual Budget _ Actual Community Counselling II Personal services 30,459 30,124 335 19,951 Supplies 1,575 763 812 1,516 Contractual services 6,016 6,444 (428) 4,738 Travel and training 900 676 224 920 I Memberships and subscriptions 380 9 371 197 Capital outlay 3,695 2,384 1,311 5,384 43,025. 40,400 2,625 32,706 II Humane Personal services 13,188 10,132 3,056 11,138 II Supplies 1,400 888 512 1,178 Contractual services 1,400 1,357 43 713 Travel and training 100 - 100 - Capital outlay 500 7,427 (6,927) 5,069 16,588 19,804 (3,216) 18,098 Civil Defense 500 103,592 (103,092) - 1 YNOC _ 1,200 _ 2,087 (887) - TOTAL COMMUNITY SERVICES 232,257 _ 391,512 (159,255) _ 180,216 II TOTAL EXPENDITURES 1,719,204 1,914,444 (195,240) 1,337,188 1 Contributions to other funds 14,194 28,237 (14,043) 230,380 TOTAL $1,733,398 $1,942,681 $(209,283) $1,567,568 1 =_ I II II -46- IIlifIRSON, YOUNG 6 CO II IGENERAL FUND COMBINED SCHEDULE OF DELINQUENT TAXES RECEIVABLE IICITY OF FRIENDSWOOD, TEXAS II September 30, 1979 11 Debt General Service Year Fund Fund Total I1978 $33,768 $ 8,379 $42,147 1977 11,299 4,755 16,054 II 1976 5,359 2,896 8,255 1975 5,208 1,976 7,184 1974 3, 129 882 4,011 1973 313 80 393 II 1972 461 81 542 1971 156 96 252 1970 140 89 229 il 1969 149 33 182 1968 156 82 238 1967 106 77 183 • II 1966 113 56 169 TOTAL DELINQUENT TAXES $60,357 $19,482 $79,839 II 1, II II II II II -47- IIMIRSON.YOUNG 6 CO. WATER AND SEWER FUND (PROPRIETARY FUND) /JASON,YOUNG 6 CO. I IIWATER AND SEWER FUND (PROPRIETARY FUND) STATEMENT OF REVENUE AND EXPENDITURES - BUDGETED AND ACTUAL 11 CITY OF FRIENDSWOOD, TEXAS Years ended September 30, 1979 and 1978 II !! 1979 Actual Over II (Under) 1978 Budget Actual Budget Actual Operating revenues II Water and sewer charge $496,500 $519,479 $ 22,979 $ 437,186 Taps and connections 75,000 50,775 (24,225) 86,595 Fees and penalties 12,000 • 11,048 (952) 10,837 IIWCID #108 sewer fee 103,770 93,501 (10,269) 49,721 TOTAL OPERATING REVENUES 687,270 674,803 (12,467) 584,339 I IIOperating expenditures Water Department Personal services 79,821 80,725 904 64,738 II Supplies 23,830 17,512 (6,318) 23,919 Contractual services 49,104 94,692 45,588 52,767 Bad debts - 2,575 2,575 1,047 II Capital outlay 42,740 29,719 (13,021) 138,591 195,495 225,223 29,728 281,062 Sewer Department Personal services 121,375 126,140 4,765 99,859 Supplies 24,525 15,541 (8,984) 23,830 Contractual services 73,756 163,844 90,088 112,392 II Capital outlay 24,460 18,872 (5,588) 349,012 244,116 324,397 80,281 585,093 TOTAL OPERATING EXPENDITURES 439,611 549,620 110,009 866,155 OPERATING REVENUES OVER EXPENDITURES 247,659 125,183 (122,476) (281,816) II Non-operating revenue Interest income - 15,632 15,632 12,314 I Other - _ 16,052 16,052 129 - 31,684 31,684 12,443 REVENUES OVER EXPENDITURES $247,659 $156,867 $(90,792) $(269,373) 11 -49- IIMIRSON,YOUNG 8 CO. WATER AND SEWER FUND (PROPRIETARY FUND) LONG-TERM DEBT SUMMARY - BY MATURITY DATE CITY OF FRIENDSWOOD, TEXAS ii September 30, 1979 II Year Ending Total General Obligation Bonds Revenue Bonds Sept. 30 Principal Interest Principal Interest Principal Interest II 1980 $ 210,000 $ 185,515 $ 30,000 $ 122,350 $ 180,000 $ 63,165 1981 65,000 180, 162 35,000 119,800 30,000 60,362 1982 80,000 175,300 40,000 116,825 40,000 58,475 1983 80,000 169,600 40,000 113,425 40,000 56,175 1984 85,000 163,900 45,000 110,025 40,000 53,875 '` 1985 90,000 157,775 50,000 106,200 40,000 51,575 1986 95,000 151,225 55,000 101,950 40,000 49,275 II 1987 105,000 144,088 55,000. 97,275 50,000 46,813 1988 110,000 136,537 60,000 92,600 50,000 43,937 1989 115,000 128,563 65,000 87,500 50,000 41,063 1990 125,000 120,000 70,000 81,975 55,000 38,025 1991 130,000 110,906 75,000 76,025 55,000 34,881 1992 150,000 101,291 85,000 69,650 65,000 31,641 1993 155,000 90,422 90,000 62,425 65,000 27,997 1994 160,000 79,128 95,000 54,775 65,000 24,353 1995 175,000 67,256 105,000 46,700 70,000 20,556 1996 185,000 55,344 115,000 38,738 70,000 16,606 1997 200,000 49,303 125,000 36,800 75,000 12,503 1998 220,000 37,707 135,000 29,613 85,000 8,094 1999 230,000 25, 131 145,000 21,850 85,000 3,281 2000 160,000 14,600 160,000 14_,600 - - $2,925,000 $2,343,753 $1,675,000 $1,601,101 $1,250,000 $742,652 __ ====a===== ____====== ========__ ======== II I! II ' -50- LfINSON, YG1INC $ CO II II 11 WATER AND SEWER FUND (PROPRIETARY FUND) LONG-TERM DEBT - REVENUE BONDS AND GENERAL OE BY MATURITY DATE ICITY OF FRIENDSWOOD, TEXAS September 30, 1979 IIGENERAL OBLIGATION BONDS Waterworks and Sewer Waterworks and Sewer 1 System Combination Tax and Revenue Bonds - System Combination Tax and Revenue Refunding Series 1970-A Bonds - Series 1972 Year Ending Tot (Sunmeadow M.U.D.) (Sunmeadow M.U.D.) I Sept. 30 Principal Principal Interest Principal Interest 1980 $ 210,000 $ 45,900 $ 36,075 1981 65,000 45,900 36,075 II 1982 80,000 45,900 45,900 36,075 1983 80,000 36,075 1984 85,000 45,900 36,075 1985 90,000 45,900 36,075 ' 1986 95,000 45,900 45,900 36,075 1987 105,000 36,075 1988 110,000 45,900 36,075 1989 115,000 45,900 36,075 1990 125,000 $ 70,000 45,900 36,075 1991 130,000 75,000 39,950 36,075 1992 150,000 85,000 33,575 36,075 1993 155,000 90,000 26,350 36,075 II 1994 160,000 95,000 18,700 36,075 1995 175,000 70,000 10,625 $ 35,000 36,075 1996 185,000 4,675 115,000 34,063 1997 200,000 4,675 125,000 32,125 ' 1998 220,000 4,675 4,675 135,000 24,938 1999 230,000 145,000 17,175 2000 160,000 55,000 4,675 105,000 9,925 I $2,925,000 $540,000 $657,475 $660,000 $695,426 II 11 II II II II II I e 1 1 GENERAL FIXED ASSETS GROUP OF ACCOUNTS 1 I 1 1 I 1 -52- ' LfURSON. YOUNG 6 CO. 11 11 GENERAL FIXED ASSETS STATEMENT OF GENERAL FIXED ASSETS CITY OF FRIENDSWOOD, TEXAS September 30, 1979 GENERAL FIXED ASSETS Land $ 190,404 Buildings 541,558 Improvements other than buildings 1,655,493 Equipment 734,686 Construction in progress 1,351,113 $4,473,254 INVESTMENTS IN GENERAL FIXED ASSETS BY SOURCE General obligation bonds $2 301 113 11 General fund revenues 1,427,833 Time warrants and certificates of obligation 107,000 County government grants 10,000 State government grants 50,000 Federal government grants 467,767 Gifts 109,541 $4,473,254 14 -5 3- LfURSON, YOUNG 6 CO. STATEMENT OF CHANGES IN GENERAL FIXED ASSETS CITY OF FRIENDSWOOD, TEXAS Year ended September 30, 1979 11 Balance Balance Oct. 1, Sept. 30, 1978 Additions Retirements 1979 Investment in General Fixed Assets 11 Land $ 185,623 $ 4,781 $ - $ 190,404• Buildings 429,523 112,035 - 541,558 Improvements other than buildings 1,503,436 170,139 18,082 1,655,493 Equipment 538,711 222,052 26,077 734,686 Construction in progress 418,332 932,781 - 1,351,113 $3,075,625 $1,441,788 $44,159 $4,473,254 11 11 -54- eLfURSON. YOUNG CO. 3 3 K, GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS 1 3 -55- MIRSON, YOUNG 8 CO 1 Debt Service Balance Obligations Fund Sept. 30, Retired Operations 1979 $ -0- $ (28,715) $ 122,363 56,000 28,715 3,114,637 $ 56,000 $ -0- $3,237,000 1 $ 20,000 $ 37,000 36,000 3,200,000 $ 56,000 $3,237,000 I II I 1 -57- MIRSON, YOUNG Q CO. I I I I I GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS GENERAL LONG-TERM DEBT - BY MATURITY DATE CITY OF FRIENDSWOOD, TEXAS I September 30, 1979 Waterworks and System Unlimited T I Series ter (Gal County Water Cont Certificates of Street Improvement General Obligation Year Ending Total Improvement Distri Obligation - Series 1975/6 Bonds - Series 1977 Bonds - Series 1979 Sept. 30 Principal Interest Principal Principal Interest Principal Interest Principal Interest I 1980 $ 78,000 $ 196,096 $22,000 $ 2,128 $ - $ 77,825 $ 15,000 $ 25,311 1981 77,000 189,674 15,000 863 77,825 15,000 22,395 1982 87,000 185,191 20,000 77,825 15,000 21,345 1983 97,000 180,273 30,000 76,725 15,000 20,295 1984 102,000 174,807 35,000 75,075 15,000 19,245 1985 112,000 168,888 35,000 73,150 20,000 18,020 I 1986 118,000 162,376 35,000 71,225 20,000 , 16,620 1987 123,000 155,714 40,000 69,300 20,000 15,220 1988 129,000 148,829 45,000 67,100 20,000 13,890 1989 140,000 141,295 55,000 64,625 20,000 12,705 1990 150,000 132,876 55,000 61,600 25,000 11,456 1991 160,000 123,816 60,000 58,575 25,000 10,063 I 1992 164,000 114,278 65,000 55,275 25,000 8,656 1993 175,000 104,148 70,000 51,700 25,000 7,238 1994 190,000 92,530 75,000 47,675 25,000 5,800 1995 205,000 80,266 $ 30,000 85,000 43,363 25,000 4,338 1996 220,000 66,825 30,000 90,000 38,475 30,000 2,700 1997 230,000 52,881 30,000 95,000 33,300 30,000 900 I 1998 205,000 39,201 35,000 100,000 27,600 1999 215,000 25,649 25,000 100,000 21,600 2000 260,000 15,600 260,000 15,600 $3,237,000 $2,551,213 $150,000 $37,000 $ 2,991 $1,350,000 $1,185,438 $385,000 $236,197 1 COMBINED SCHEDULE OF INVESTMENTS I 1 1 1 -59- LJIIRSON, YOUNG d CO I I Maturity Par Book Date Value Value 10-4-79 $ 2,073 $ 2,073 1-21-83 10,000 10,000 1 - 4,683 4,683 16,756 16,756 10-1-79 5,350 5,350 I10-28-79 56,288 56,288 11-6-79 146,592 146,592 202,880 202,880 II 10-5-79 101,722 101,722 I 10-14-79 40,879 40,879 11-11-79 125,000 125,000 12-11-79 115,000 115,000 I 11-13-79 100,000 100,000 273,562 1-26-80 273,562 756,163 756,163 I10-8-79 8,266 8,266 10-12-79 50,000 50,000 I58,266 58,266 I $1,039_415 $1,039,415 I I 111 I -61- IL IIRSON, YOUNG 8 CO. 1 1 e 1 1 1 1 i 1 COMBINED SCHEDULE OF LONG-TERM DEBT 1 1 1 1 1 1 1 1 1 1 -62- L INSON, YOUNG 8 CO II il II COMBINED SCHEDULE OF LONG-TERM DEBT - ALL FUNDS AND ACCOUNT GROUPS CITY OF FRIENDSWOOD, TEXAS II September 30, 1979 IIDate of Outstanding at Interest Date Amount Final Sept. 30, Description Rate of Issue of Issue Maturity 1979 II General Obligation Bonds II Waterworks and Sewer System Unlimited Tax Bonds, Series 1962 II (Galveston County Water Control and Improvement District No. 15) 4.50% 10-1-62 $150,000 3-1-99 $ 150,000 II Waterworks and Sewer System Unlimited Tax Bonds, Series 1963 I (Galveston County Water Control and Improvement District No. 15) 4.25 10-1-63 112,000 3-1-92 106,000 IISewer Improvement Bonds, Series 1967 4. 10 3-1-67 60,000 3-1-80 10,000 4.20 3-1-67 120,000 3-1-88 120,000 II General Obligation Refunding Bonds, IISeries 1969 5.00 3-1-69 257,000 3-1-93 184,000 Waterworks and Sewer II System Combination Tax and Revenue Bonds, Series 1970 (Sunmeadow M.U.D.) 8.50 -70 600,000 4-1-89 475,000 1 Waterworks and Sewer System Combination Tax 1 and Revenue Bonds, Series 1970-A (Sun- meadow M.U.D.) 8.50 -70 540,000 4-1-2000 540,000 II Waterworks and Sewer System Combination Tax and Revenue Refund- 1 ing Bonds, Series 1972 (Sunmeadow M.U.D.) 5.75 -72 410,000 4-1-98 410,000 5.00 -72 250,000 4-1-2000 250,000 1 -63- 1 MIRSON, YOUNG d CO II 1 COMBINED SCHEDULE OF LONG-TERM DEBT - ALL FUNDS AND ACCOUNT GROUPS - 2 II ' Date of Outstanding at Interest Date Amount Final Sept. 30, 1 Description Rate of Issue of Issue Maturity 1979 General Obligation Bonds (Continued) IGeneral Obligation Bonds, Series 1973 5.50% 7-1-73 $120,000 4-1-88 $ 110,000 IIDrainage Improvement Bonds, Series 1973 6.00 11-1-73 25,000 6-1-90 25,000 6. 10 11-1-73 . 75,000 6-1-95 75,000 II General Obligation Bonds, Series 1974 7.90 9-1-74 345,000 3-1-94 330,000 I 7.75 9-1-74 355,000 3-1-99 355,000 Street Improvement II Bonds, Series 1977 5.50 10-1-77 475,000 6-1-92 475,000 5.75 10-1-77 320,000 6-1-96 320,000 6.00 10-1-77 555,000 6-1-2000 555,000 I General Obligation Bonds, Series 1979 5.50 8-1-79 15,000 3-1-80 15,000 7.00 8-1-79 125,000 3-1-88 125,000 I 6.30 8-1-79 15,000 3-1-88 15,000 5.55 8-1-79 45,000 3-1-90 45,000 5.60 8-1-79 25,000 3-1-91 25,000 I 5.65 8-1-79 25,000 3-1-92 25,000 5. 70 8-1-79 25,000 3-1-93 25,000 5.80 8-1-79 25,000 3-1-94 25,000 5.90 8-1-79 25,000 3-1-95 25,000 II6.00 8-1-79 60,000 3-1-97 60,000 TOTAL GENERAL OBLIGATION BONDS $4,875,000 II I I -64- IILdIRSON. YOUNC 6 CO. 3 !I COMBINED SCHEDULE OF LONG-TERM DEBT - ALL FUNDS AND ACCOUNT GROUPS - 3 Date of Outstanding at Interest Date Amount Final Sept. 30, Description Rate of Issue of Issue Maturity 1979 Revenue Bonds Waterworks and Sewer System Combination Tax and Revenue Bonds, 11 Series 1964 (Galveston County Water Control and Improvement District No. 21) 5.00% 11-1-64 $600,000 8-1-99 $ 505,000 Waterworks and Sanitary Sewer System Revenue Bonds, Series 1969 6.50 5-1-69 340,000 3-1-90 235,000 6. 125 5-1-69 360,000 3-1-99 360,000 Waterworks and Sanitary Sewer System Junior Lien Revenue Bonds, Series 1979 5.50 1-1-79 150,000 3-1-87* 150,000 11 TOTAL REVENUE BONDS $1,250,000 Equipment purchase Certificates of Obligation, 11 Series 1975 5.75% 7-1-75 $ 52,000 7-1-80 $ 12,000 Series 1976 5.75 7-1-76 55,000 7-1-81 25,000 TOTAL CERTIFICATES OF OBLIGATION 37,000 11 TOTAL LONG-TERM DEBT $6,162,000 * Entire issue refunded in October, 1979. I -65- LfIIRSON. YOUNG 6 CO i 111 ' I I I I I I ISTATISTICAL SECTION I I I I I I I� I -66- I GENERAL GOVERNMENT EXPENDITURES BY FUNCTION11 CITY OF FRIENDSWOOD, TEXAS Ten years ended September 30, 1979 Il Highways Health I! Fiscal General Public and and Year Government Safety Streets Sanitation Welfare 1969-70 $128,466 $ 47,852 $ 86,062 $ 1,262 $ li 1970-71 47,415 72,269 97,149 2,219 2,041 1971-72 78,723 82,425 75,455 27,470 2,529 1972-73 67,659 116,467 117,207 56,999 3,915 11 1973-74 112,755 133,364 129,733 68,554 4,696 1974-75 145,363 181,373 198,955 115,037 5,769 II 1975-76 174,264 302,479 235,539 154,027 6,353 II 1976-77 254,236 312,279 184,487 200,724 6,905 1977-78 . 261,220 438,013 224,113 223,878 6,748II 1978-79 384,195 626,906 232,564 271,220 8,047 II 11 il 1 1 I ' i -67- 1 1 11 EXHIBIT I 1 ICulture- Debt Revenue Recreation Service Sharing Total 1 $ 59,358 $ 73,455 $ 396,455 1 26,151 78,922 326,166 24,372 83,385 374,359 II 36,403 87,334 $ 18,975 504,959 154,205 247,027 40,368 890,702 ' 1 60,938 337,716 31,869 1,077,020 1 79,024 359,778 24,250 1,335,714 183,347 337,885 14,429 1,494,292 1 180,216 . 483,446 29,425 1,850,059 391,512 273,299 103,752 2,291,495 I ' ' 1 1 1 1 1 ' 1 1 -68- :I GENERAL REVENUES BY SOURCE !! CITY OF FRIENDSWOOD, TEXAS Ten years ended September 30, 1979 !! Inter- Licenses Charges1! Fiscal Governmental and for Service Year Revenue Taxes Permits (Sanitation) 1969-70 $172,350 $ 210,058 $ 8,885 $ -0 11 - 1970-71 54,269 253,902 14,680 311 1! 1971-72 - 283,439 18,727 11,513 1972-73 36,865 350,111 19,417 69,836 1973-74 56,390 443,404 30,789 70,217 1974-75 30,814 603,258 25,158 88,148 II 1975-76 36,676 1,145,537 36,200 112,021 1976-77 58,654 1,394,585 27,438 156,311 1977-78 • 132,181 1,490,347 57,551 193,249 i 1978-79 154,370 1,868,065 54,724 212,093 I F I II 1 1 1 11 -69- 1 1 EXHIBIT II 1 Fines and Miscellaneous Forfeits Revenue Total $ 5,822 $ 4,283 $ 401,398 12,385 5,023 340,570 15,311 4,555 333,545 12,585 20,081 508,895 10,732 32,124 643,656 12,784 8,603 768,765 14,514 20,568 1,365,516 19,103 24,885 1,680,976 25,542 . 46,112 1,944,982 69,228 180,916 2,539,396 1 1 1 1 1 11 1 -70- e ITAX REVENUES BY SOURCE EXHIBIT III CITY OF FRIENDSWOOD, TEXAS ITen years ended September 30, 1979 I Business General General Gross Industrial Total Property Sales Receipts District 1 Fiscal Year Taxes Taxes Tax Taxes Taxes* 1969-70 $ 210,058 $ 193,667 $ - $16,391 $ - II1970-71 253,902 219,764 15,096 19,042 - 1971-72 283,439 235,418 26,365 21,656 - 1 1972-73 350,111 291,360 33,612 25,139 - 1 1973-74 443,404 362,514 49,219 31,671 - 1974-75 603,258 495,963 68,863 38,432 - II1975-76 1,145,537 839,299 104,320 50,514 151,404 1976-77 1,394,585 932,259 119,044 63,229 280,053 II1977-78 • 1,490,347 987,372 154,946 77,047 270,982 II1978-79 1,859,148 1,128,611 191,789 92,446 446,302 1 * Contract with Industrial District beginning in 1976 1 and continuing through 1980. 1 I II I I -71- :I PROPERTY TAX LEVIES AND COLLECTIONS 11 CITY OF FRIENDSWOOD, TEXAS Ten years ended September 30, 1979 !! !! Current Per Cent Fiscal Tax Tax Total Tax of Levy !! Year Year Rate Tax Levy Collections Collected 1969-70 1969 $1.00 $ 194,410 $ 190,215 97.84% ii 1970-71 1970 1.00 216,155 211,862 98.01 11 1971-72 1971 1.00 231,849 230,277 99.32 ii 1972-73 1972 .90 288,697 285,465 98.88 !I 1973-74 1973 .90 371,486 362,514 97.58 1974-75 1974 1. 10 658,149 621,305 94.40011 1975-76 1975 1.20 833,814 802,330 96.220 1976-77 1976 1.20 961,441 932,258 96.96 !I 1977-78 1977 1. 15 1,021,935 987,372 96.62 II 1978-79 1978 1. 15 1,147,958 1 ,105,810 96.33 3 !I II !I II II I -72- II EXHIBIT IVII II 1 Total Outstanding Collection Delinquent as a Per Taxes as of 1 Delinquent Total Cent of Outstanding Delinquent Per Cent of Tax Tax Current Current Collections Collections Levy Taxes Levy 1 $ 3,452 $ 193,667 99.62% $10,664 5.48% 7,902 219,764 101.67 8,885 4.11 1 5,141 235,418 101.54 5,141 2.21 I1,920 287,385 99.55 10,794 3. 74 9,489 372,003 100. 14 11,187 3.01 1 9,608 630,913 96.010 43,713 6.64 27,382 829,712 99.51 47,517 5.69 1 24,216 956,474 99.48 52,130 5.42 1 24,979 1,012,351 100.00 61,533 6.02 22,800 1,128,611 98.31 79,839 6.95 1 1 1 I II II 11 -73- I 11 ASSESSED AND ESTIMATED ACTUAL VALUEII OF TAXABLE PROPERTY CITY OF FRIENDSWOOD, TEXAS !! Ten years ended September 30, 1979 I! Real Property Personal Property Estimated Estimated Tax Assessed Actual Assessed ActualII Fiscal Year Year Value Value Value Value 1969-70 1969 $19,441,410 $ 32,402,350 $ 291,620 $ 486,033 II 1970-71 1970 21,615,500 36,025,834 324,232 540,386 1971-72 1971 23,184,900 38,641,500 347,774 579,623 1972-73 1972 32,077,500 53,462,500 481,163 801 ,938 1973-74 1973 40,747,144 67,945,240 655,770 1 ,092,950 1974-75 1974 58,605,740 97,676,230 1,364,990 2,274,980 II 1975-76 1975 68,820,840 114,701,400 1,138,450 1,897,420 1976-77 1976 79,476,130 132,460,220 1,225,050 2,041,750II 1977-78 1977 82,796,960 137,994,930 6,738,760 11,231,270 1978-79 1978 92,450,130 154,083,550 8,102,160 13,503,600 II I II I 1 I I -74- 1 EXHIBIT V 1 I . Total Ratio of ' Estimated Actual Assessed Value Assessed to Estimated Value Value Actual Value $ 19,733,030 $ 32,888,383 60% 21 ,939,732 36,566,220 60 23,532,674 39,221,123 60 ' 32,558,663 54,264,438 60 41,402,914 69,038,190 60 59,970,730 99,951,210 60 69,959,290 116,598,820 60 ' 80,701,180 134,501,970 60 ' 89,535,720 149,226,200 60 100,552,290 167,587,150 60 1 1 1 11 11 -75- I II EXHIBIT VI II Ratio of Net Net Bonded Debt Net Bonded II Bonded to Assessed Debt Per Debt Value % Capita I $ 737,460 3. 7% $234.86 728,368 3. 3 214.29 II 704,634 3.0 189.57 2,921,156 9.0 591.09 I3,394, 111 8.2 499.36 II3,377,939 5.6 451.60 3,232,817 4.6 390.39 II3,186,965 3.9 353.48 4,409,227 4.9 436.82 1 4,789,637 4.8 443.44 II I 1 1 II 11 11 II -77- 11 COMPUTATION OF DIRECT AND ESTIMATED OVERLAPPING DEBT CITY OF FRIENDSWOOD, TEXAS September 30, 1979 I! Net Debt Percentage Applicable Name of Governmental Unit Outstanding to City of Friendswood Clear Creek Independent School District $ 38,163,535 .01 Friendswood Drainage 11 District 140,000 100.00 Friendswood Independent School District 8,304,577 99.71 Galveston County 35,141,556 . 3.63 Harris County 204,256,340 .001 11 TOTAL NET OVERLAPPING DEBT City of Friendswood 4,912,000 100.00 TOTAL DIRECT AND OVERLAPPING DEBT 11 11 !I -78- ' EXHIBIT VII I ' City of Friendswood's Share of Debt t 3,816 $ ' 140,000 8,280,494 ' 1,275,638 2,043 9,701,991 ' 4,912,000 I $14,613,991 11 I I -79- i 11 PROPERTY TAX RATES AND TAX LEVIES - ALL 11 OVERLAPPING GOVERNMENTS CITY OF FRIENDSWOOD, TEXASII Ten years ended September 30, 1979 1 Friendswood Clear Creek Independent Independent Fiscal Tax City of School School II Year Year Friendswood District District TAX RATE 1 1969-70 1969 $ 1.00 $ 1.45 $ 1.73 1970-71 1970 1.00 1.65 1.88 1971-72 1971 1.00 1.65 1.86 II 1972-73 1972 .90 1.55 1.90 1973-74 1973 .90 1.65 1.88 1974-75 1974 1. 10 1.82 1.83II 1975-76 1975 1.20 1.82 1.77 1976-77 1976 1.20 1.90 1.84 1977-78 1977 1. 15 1.84 1.84II 1978-79 1978 1. 15 1.84 1.55 TAX LEVIES II 1969-70 1969 $ 194,410 $ 623,781 $ 5,230,013 1970-71 1970 216,155 743,642 6,303,231 1971-72 1971 231,849 767,250 6,774,145II 1972-73 1972 288,697 943,950 7,351,679 1973-74 1973 371,486 1,145,147 7,704,81.9 1974-75 1974 658,149 1,483,887 8,747,268 !I 1975-76 1975 833,814 1,726,958 9,694,602 1976-77 1976 961,441 2,084,644 10,506,189 1977-78 1977 1,021,935 2,255, 166 10,499,589 1978-79 1978 1,147,958 2,456,479 14,315,746 II Tax Rate LimitsII 1) Amount $ 2.50 Unlimited $ 2.00 2) Source Statutory Statutory Statutory Due dateII Current Taxes 10-1 10-1 10-i Date taxes become li delinquent 2-1 2-1 2-1 Penalties for delinquency 10.5% on 2--1 11% on 7-1 .5% per month11 plus .5% for plus .5% for beginning each month each month 2-1 thereafter thereafter 11 -80- II II EXHIBIT VIII II 1 Friendswood Galveston Harris State of Drainage County County Texas District Total 1 TAX RATE $1.01 $1.20 $.42 $- $6.81 II 1.03 1.15 . 37 - 7.08 .92 1.09 . 32 6.84 .92 1.10 .27 - 6.64 II .92 1.12 .22 - 6.69 .92 1.09 .17 .10 7.03 .92 1. 13 .12 .10 7.06 .97 1.16 .12 . 10 7.29 II .97 1.11 .10 .10 7.11 .94 1.10 .10 .10 6. 78 II TAX LEVIES $ 4,358,678 $ 36,602,783 $1,557,661 $ - $ 48,567,326 II 4,793,105 38,405,903 1,506,469 _ 51,968,505 4,492,187 45,557,956 1,437,472 59,260,859 4,841,192 49,954,878 1,289,129 - 64,669,525 4,947,056 56,781,717 1,089,333 - 72,039,558 11 5,832,464 62,247,940 1,001,060 80,696 80,051,464 7,193,689 75,401,000 911,638 85,351 95,847,052 9,170,621 150,413,705 1,075,530 91,534 174,303,664 II 10,478,788 86,209,774 1,036,037 99,764 111,601,053 10,719,130 140,067,072 1,115,018 113,473 169,934,876 II Unlimited Unlimited $.10 $.10 Statutory Statutory Statutory Statutory II 10-1 10-1 10-1 10-1 II 2-1 2-1 2-1 2-1 II11% on 6-1 .5% per month 11% on 6-1 10.5% on 2-1 plus . 5% for beginning plus .5% for plus .5% for each month 2-1 each month each month Ithereafter thereafter thereafter -81- 11 TAX RATE DISTRIBUTION FOR DEBT SERVICE CITY OF FRIENDSWOOD, TEXAS For tax years 1969-1978 !! Tax Year 1978 1977 1976 1975 1974 1973 !! General Fund $.921 $.813 $.787 $.876 $.854 $.792 Debt Service Fund .229 .337 .413 .324 .246 . 108 11 Total Tax Rate $1.15 $1.15 $1.20 $1.20 $1. 10 $ . 90 !I 1! !! !I !I !I 11 I -82- EXHIBIT IX 1 1972 1971 1970 1969 $.765 $.62 $.61 $.816 . 135 .38 .39 .184 ' $ .90 $1.00 $1.00 $1.00 1 1 1 I -83- SPECIAL ASSESSMENT COLLECTIONS EXHIBIT X CITY OF FRIENDSWOOD, TEXAS Ten years ended September 30, 1979 I . 1 The City did not collect any special assessments during the ten years ' ended September 30, 1979. 1 1 1 1 1 1 1 11 I -84- IP J RATIO OF ANNUAL DEBT SERVICE EXPENDITURES Illi FOR GENERAL BONDED DEBT TO TOTAL , GENERAL EXPENDITURES OP CITY OF FRIENDSWOOD, TEXAS Ten years ended September 30, 1979 !! Total Debt11 Fiscal Year Principal Interest Service iw 1969-70 $ 9,000 $ 34,455 $ 43,455 1970-71 10,000 38,922 48,922 1971-72 10,000 33,385 43,385 ikik 1972-73 15,000 32,834 47,834 1973-74 15,000 193,027 208,027 IF 1:ii 1974-75 38,000 261,216 299,216 it: 1975-76 74,000 247,778 321,778 1976-77 66,000 229,385 295,385 iii 1977-78 88,000 227,558 315,558 1978-79 86,000 298,820 384,820 !! II !! II I II II -85- EXHIBIT XI Total Ratio of General Debt Service to N� 6vvcuee General Expense $ 396,455 10.96% -- 326, 166 15'00 374,359 11,59 504,959 9.48 890,702 23. 36 1 ,077,020 27. 79 ~~ l ,335,714 24.00 1,494,292 19' 77 1 ,792,434 17'61 N� 2,291,495 16. 79 -- / N� | ' -86- II 1 EXHIBIT XII I r ' Debt Debt Service Requirements Service 1 Principal Interest Total Coverage $ - $14,150 $14,150 5.17 II5,000 13,988 18,988 4.85 20,000 73,500 93,500 1.24 II 20,000 72,350 92,350 1.20 I20,000 71,200 91,200 1.52 20,000 70,050 90,050 1.21 I25,000 68,738 93,738 .770 30,000 67,262 97,262 1.66 1 30,000 65,538 95,538 1. 34 II30,000 69,985 99,985 .69 I 1 II 11 I! -88- 1 COMPUTATION OF LEGAL DEBT MARGIN EXHIBIT XIII CITY OF FRIENDSWOOD, TEXAS Fiscal year ended September 30, 1979 1 1 The law does not mandate any debt limit on the City. 1 1 1 1 1 1 I I -89- SCHEDULE OF INSURANCE IN FORCE CITY OF FRIENDSWOOD, TEXAS September 30, 1979 1r ..„ Insurer Policy No. Coverage Amount li ip FIRE American Economy ME42-008-887 Fire, EC, V&MM Library $214,500 Bldg. !! Insurance Company Building 247,500 Contents St. Paul Mercury 142ZC3133 Fire, EC, V&MM Public $110,000 Bldg. !! Insurance Company Work Building Safeguard Insurance DFK769950 Fire, EC, V&MM Fire $140,000 Bldg. II Company Station 15,000 Contents 1,800 Antenna American Guarantee 7224943 Fire, EC, V&MM Blanket $300,000 !! and Liability on all Building and Insurance Company Contents !I FIDELITY Royal Globe Insurance R475571 Blanket Bond $ 10,000 !I Company LIABILITY II St. Paul Insurance 54ZTF0193 Comprehensive General Company Liability $ 10,000 Auto Liab. Comprehensive AutoIl Liability 300,000 BI Physical Damage 5,000 PD St. Paul Mercury 342ZD2503 Contractor's Equipment $119,573 Insurance Company St. Paul Insurance 542TK7985 Open Stock Burglary $ 3,000 Company Coverage on Public Works St. Paul Insurance 542TF2212 Comprehensive General $300,000 BI Liab. Il Company Liability on Fire 100,000/ Department Fleet 100,000 PD 25,000/ II 50,000 BI Auto 10,000 PD !I -90- II II 1 EXHIBIT XIV I II Co- Insurance Begins Term Premium II80% 1-5-79 1 yr. $ 971 I80% 4-10-79 1 yr. 1,607 1 80% 3-24-78 3 yrs. 2,646 I90% 10-1-79 1 yr. 2,379 II I - • 10-1-78 1 yr. 162 1 - 12-1-78 1 yr. 35,668 II 1 - 12-1-78 1 yr. 2,222 I60% 8-2-79 1 yr. 118 II - 7-2-79 1 yr. 3,776 1 II I -91- 11 SCHEDULE OF INSURANCE IN FORCE - 2 11 Insurer Policy No. Coverage Amount LIABILITY - continued National Flood FL93213763 Flood - Library Bldg. $148,500 Insurance Contents 100,000 I ACCIDENT Hartford Accident and 61VP120056 Volunteer Firemen - Indemnity Company Accidental Death $ 25,000 Medical. 15,000 Disability 7,800 WORKMEN'S COMPENSATION St. Paul Insurance 724TB3599 Statutory - I Company 1 1 1 11 1 1 3 -92- 1 1 e Co- Insurance Begins Term Premium ' - 8-3-79 1 yr. $ 142 3-27-79 1 yr. 1,104 1 - 12-1-78 3 yrs. 37,147 1 1 1 1 I I -93- i 11 SALARIES AND SURETY BONDS OF PRINCIPAL OFFICIALS11 CITY OF FRIENDSWOOD, TEXAS September 30, 1979 II Elective II City Officials Address Position Ralph L. Lowe 1605 S. Friendswood Dr. Mayor11 Thomas F. Lay 911 Layfair Councilman - Position No. 1 Paul E. Maaz 401 Falling Leaf Councilman - Position No. 2 Edward Zeitler #4 Emerald Circle Councilman - Position No. 3 II Loren E. Wood 905 Coward Creek Dr. Councilman - Position No. 4 Dale Whittenburg 2101 McKissick Councilman - Position No. 5 Vickie Black 407 Brandywine Councilwoman - Position No. 6 II Department Heads Appointive Position James C. Morgan 207 Chelsea Lane City ManagerII William K. Thompson 1002 W. Willis - Alvin Director of Finance Joseph M. Wright 204 E. Heritage Police Chief Bill Wilcox 807 Stadium Circle Fire Chief Melvin Meinecke 1602 Dallas, So. Houston Director of Public Works 1010 Jefferson#900-Houston Judge - Municipal Court George Calk 305 Laurel. Ave. Building Inspector II John Emerson 2631 Heritage Colony - Webster Fire Marshal Dr. Richard Conway, M.D.504 Clearview Health Officer Alta Carbone 2216 N. Galveston - Pearland Tax Assessor-CollectorI Bobbie C. Henry 105 Stonesthrow #307 City Secretary William A. Olson 2 Allen Center#3050-Houston City Attorney Cecil Chance 206 E. Heritage Water and Sewer Superintendent II Kenneth Camp 203 Shady Nook Civil Defense Director II 11 II 11 3 -94- !! EXHIBIT XV I! Term Monthly Amount of Expires Salary Surety Bond 1980 NONE $ NONE 1980 NONE NONE 1981 NONE NONE 1980 NONE NONE 1981 NONE NONE 1980 NONE NONE 1981 NONE NONE • $2,668 10,000 1,500 10,000 1,685 10,000 11 Volunteer NONE 1,685 10,000 250 NONE 1,350 10,000 Volunteer NONE Volunteer NONE Note (1) 10,000 1,404 10,000 600 NONE 1,348 10,000 Volunteer NONE Note (1) : Contract with Friendswood Independent School District 11 11 -95- PI MISCELLANEOUS STATISTICAL DATA EXHIBIT XVI PI CITY OF FRIENDSWOOD, TEXAS September 30, 1979 !I Date of Incorporation October 15, 1960 !I Date of present charter Adopted Home Rule Charter October 16, 1971 Form of Government Council - Manager Area 15 Square Miles !! Miles of streets and alleys Streets - paved 50. 1.miles Streets - unpaved 8.4 miles Alleys 0 miles Sidewalks 1.0 miles Fire Protection !I Number of stations 1 Number of employees 1 !! Number of volunteers 35 !! Police Protection Number of stations 1 Number of employees 23 Number of patrol units 6 Recreation Number of parks 4 Size of parks 10.7 acres, 12.6 acres, 6 acres, 16.7 acres Number of golf courses 0 Number of swimming pools 0 Number of tennis courts 4 -96- p MISCELLANEOUS STATISTICAL DATA - 2 614 !! !! Garbage Number of landfills 0 Number of garbage bags provided 0 Number of garbage trucks 5 I! Cubic yards of garbage collected 117 per day !! Storm sewers Miles of storm sewer 18 miles 44 Population !! 1970 3,140 1971 3,399 1972 3,717 1973 4,942 1974 6,797 1975 7,480 !! 1976 8,281 1977 9,016 1978 10,094 1979 10,801 is Building Permits 11 1969-70 Not available 1970-71 Not available 1971-72 Not available 1972-73 Not available 1973-74 Not available 1974-75 $ 5,979,108 1975-76 10,215,105 1976-77 7,441,381 1977-78 16,395,154 1978-79 17,444,441 I! 11 -97- U 4.00 01 MISCELLANEOUS STATISTICAL DATA - 3 saw 00 Education !! Friendswood Independent School District Number of teachers 188 !! Number of students 3,107 City employees !! Monthly salary employees 57 Hourly rate employees 34 !! Total 91 Election Number of votes cast Last general election 3,502 11 Last city election 1,641 Water Source 4 wells Average daily consumption 1,580,000 gallons Maximum daily consumption 1,896,000 gallons Water mains 54 miles Number of connections 3,086 Sewer 11 Average daily capacity 1,731,000 gallons Maximum daily capacity 1,750,000 gallons Sanitary sewer mains 48 miles Number of connections 3,020 11 11 -98-