HomeMy WebLinkAbout1991 09 30 Comprehensive Annual Financial Report - City of Friendswood I
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COMPREHENSIVE ANNUAL FINANCIAL REPORT
CITY OF FRIENDSWOOD, TEXAS
For the fiscal year ended
September 30, 1991
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Prepared by
Finance Department
Roger C. Roecker
Director of Finance
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CONTENTS
eExhibit Pa e
INTRODUCTORY SECTION
Letter of Transmittal 8
Certificate of Achievement 16
' Organization Chart 17
Principal Officials 18
FINANCIAL SECTION
' Independent Auditors' Report 20
General Purpose Financial Statements
' Combined Balance Sheet - All Fund Types and
Account Groups 22
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
Types 26
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue and Debt Service
Fund Types 28
Combined Statement of Revenues, Expenditures and
' Changes in Fund Balances - Budget and Actual -
Capital Projects Fund 31
t Combined Statement of Revenues, Expenses and
Changes in Retained Earnings/Fund Balance -
Proprietary Fund Type and Non-Expendable Trust Fund 32
Combined Statement of Cash Flows - Proprietary
Fund Type and Non-Expendable Trust Fund 36
' Notes to Financial Statements 40
Combining, Individual Fund and Account Group
Statements and Schedules
General Fund
Comparative Balance Sheets A-1 67
Statement of Revenues and Expenditures -
IBudget and Actual A-2 68
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CONTENTS- 2
Exhibit Pia e
FINANCIAL SECTION (continued)
Statement of Expenditures - Budget and
Actual - By Function A-3 69
Statement of Expenditures - Budget and
Actual - By Object A-4 71
Special Revenue Funds
Combining Balance Sheet B-1 78
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances B-2 80
Parks and Recreation Fund
Comparative Balance Sheets B-3 81 1
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual B-4 82
Mowing Fund
Comparative Balance Sheets B-5 83
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual B-6 84
Police Investigation Fund
Comparative Balance Sheets B-7 85
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-8 86
Fire/EMS Fund
Comparative Balance Sheets B-9 87 1
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-10 88
Fine Art Council Fund
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-11 89
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ICONTENTS- 3
I Exhibit Pape
FINANCIAL SECTION (continued)
IDebt Service Fund
Comparative Balance Sheets C-1 92
I Statement of Revenues, Expenditures
and Changes in Fund Balance -
Budget and Actual C-2 93
ICapital Projects Fund
IComparative Balance Sheets D-1 96
Statement of Revenues, Expenditures
and Changes in Fund Balance -
IBudget and Actual D-2 97
Enterprise Fund
IComparative Balance Sheets E-1 100
Statement of Revenues, Expenses and
I Changes in Retained Earnings -
Budget and Actual E-2 102
I Statement of Operating Expenses -
Budget and Actual E-3 103
Schedule of Revenue Bonds Payable E-4 105
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Revenue Bonds Payable - By Maturity Date E-5 106
ICertificates of Obligation - By Maturity Date E-6 108
Trust Fund
IComparative Balance Sheets F-1 110
Comparative Statements of Revenues, Expenses
Iand Changes in Fund Balances F-2 111
General Fixed Assets Account Group
IComparative Schedules of General Fixed Assets -
By Source G-1 114
I Schedule of General Fixed Assets - By Function
and Activity G-2 115
I Schedule of Changes in General Fixed Assets -
By Function and Activity G-3 116
IGeneral Long-Term Debt Account Group
Statement of Changes in General Long-Term Debt H-1 118
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CONTENTS- 4
Exhibit Page
FINANCIAL SECTION (continued)
Schedule of General Long-Term Debt H-2 121
General Long-Term Debt - By Maturity Date H-3 122
Compound Bonds - Accrued Interest Schedule H-4 126
Schedules
Schedule of Delinquent Taxes Receivable I-1 128
STATISTICAL SECTION 1
General Revenue - By Source I 130
General Governmental Expenditures - By Function II 132 1
Tax Revenues - By Source III 135
Property Tax Levies and Collections IV 136
Assessed and Estimated Actual Value of
Taxable Property V 138
Property Tax Rates and Tax Levies - Direct and VI 140
Overlapping Governments
Ratio of Net General Obligation Bonded Debt to
Assessed Value and Net General ObligationI
Bonded Debt Per Capita VII 142
Computation of Net Direct and Estimated
Overlapping Debt VIII 144
Ratio of Annual Debt Service Expenditures for
General Long-Term Debt to Total General
Expenditures IX 145
Tax Rate Distribution X 147
Revenue Bond Coverage XI 148
Principal Taxpayers XII 150 1
Property Value, Construction and Bank Deposits XIII 151
Demographic Statistics XIV 153
Schedule of Insurance In Force XV 154
Miscellaneous Statistical Data XVI 158
Principal Officials XVII 160
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December 14, 1991 1
Honorable Mayor and Members of
the City Council
City of Friendswood, Texas
The comprehensive annual financial report of the City of Friendswood for the fiscal year ended
September 30, 1991, is hereby submitted. Responsibility for both the accuracy of the data, and the
completeness and fairness of the presentation, including all disclosures, rests with the City. To the
best of our knowledge and belief, the enclosed data are accurate in all material respects and are
reported in a manner designed to present fairly the financial position and results of operations of the
various funds and account groups of the City. All disclosures necessary to enable the reader to gain
an understanding of the City's financial activities have been included.
The comprehensive annual financial report is presented in three sections: introductory, financial,and
statistical. The introductory section includes this transmittal letter,the City's organizational chart and
a list of principal officials. The financial section includes the general purpose financial statements
and the combining and individual fund and account group financial statements and schedules, as well
as the auditors' report on the financial statements and schedules. The statistical section includes
selected financial and demographic information, generally presented on a multiyear basis.
The Single Audit Act is not applicable for fiscal year ended September 30, 1991. There are no major
and nonmajor Federal Financial Assistance programs.
This report includes all funds and account groups of the City. There are two separately administered
organizations which are included as a component unit in accordance with the Governmental
Accounting Standards Board (GASB) Codification Section 2100. These organizations are the
Blackhawk Regional Wastewater Treatment Plant and the Southeast Water Purification Plant. The
City's equity in the operating fund of Blackhawk Regional Wastewater Treatment plant is included
in the Enterprise Fund. Friendswood Independent School District, Clear Creek Independent School
District, Galveston County,Harris County,Clear Creek Drainage District and Friendswood Volunteer
Fire Department have not met the established criteria for inclusion in the reporting entity and,
accordingly, are excluded from this report.
The City provides a full range of services, including City administration,traffic planning, inspection
services, municipal court services and a library. However, the services that affect most citizens on
a day-to-day basis are described as follows:
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FINANCE DEPARTMENT • 109 E. WILLOWICK AVE. • FRIENDSWOOD, TX 77546-3898 • (713)482-3323
ACCOUNTING • COMPUTING SERVICES -8- MUNICIPAL COURT • UTILITY BILLING 1
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1. Water and Sewer
The City provides water and sewer services for residential and commercial locations. Eighteen
employees are responsible for maintaining the system, as well as billing and collecting for the
services.
2. Police
Twenty-four hour coverage is provided by the City's police department, which consists of
Patrol, Investigative, Communications, Emergency Management and Animal Control. A goal
of the department and its forty full-time personnel is to actively involve the citizens in its
community safety efforts.
3. Fire
Although the City does not employ its own fire department, it purchases fire trucks and other
additional equipment for the volunteer fire department. The City employs a fire marshal,one
full-time fire fighter, a part-time clerk and funds two fire fighters, one paramedic and
emergency medical technician position through a pool of part-time employees.
4. Streets
The street department is responsible for the repair and maintenance of all City streets and
roadside drainage. This department consists of 11.5 employees.
5. Sanitation
The City's solid waste services, including curbside pickup of recyclable materials, are
contracted to a private firm. Residential pickup is twice weekly.
6. Parks
The parks and recreation department maintains 57 acres of park land, including four tennis
courts, a swimming pool and picnic areas. The staff consists of seven full-time employees, as
well as part-time and seasonal employees for the swimming pool, summer camp, sports
activities and other park functions.
ECONOMIC CONDITION AND OUTLOOK
The City of Friendswood, Texas, is located 20 miles southeast of downtown Houston in Harris and
Galveston Counties. With a 1990 census of 22,814, it has become the 75th largest city in the state.
During the past year, the area's economic growth continued in all of the Gulf Coast's industries,
except construction and finance. Service industries led the year's job growth, followed by local
government, transportation and manufacturing. Much of the job growth in services is directly
attributable to health and biomedical firms located in the Texas Medical Center in Houston, as well
as aerospace firms working on projects for NASA's Johnson Space Center(JSC). Groundbreaking for
the expansion of the JSC Visitor's Facility has occurred. This facility is expected to more than double
the number of visitors from 800,000 to more than 2,000,000 and result in an overall economic impact
of about $100 million annually. Funding approval for the JSC space station project and continued
diversification of the area's economy indicate continued growth for the Friendswood/Gulf Coast area.
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MAJOR INITIATIVES
For the Year. During the 1990-91 budget preparation,the City identified several important programs
needed to meet citizens' needs for services and to safeguard the environment, in conformity with
applicable federal and state standards. The following items will provide a summary of these programs.
1. Streets I
1990-91 was the seventh year of the City's street improvement program. The following streets
were a part of this project: Forest View, Fairdale, Linkwood, Royal Court,Diamond Lane and
West Spreading Oaks.
2. Water and Sewer
Water and sewer lines were relocated in preparation of the widening of FM 2351 and FM 528.
Contracts for these projects totaled $730,372.
3. Parks and Recreation
2.31 acres of land was purchased to complement Stevenson Park. This additional acreage will
be used to provide additional parking space for this busy City facility.
4. City Hall Remodeling
Expansion of the police department holding facility was completed. This construction was
required to meet state standards and increase the available occupancy from four to twelve
persons. I
5. Computer Resources
An IBM AS/400 computer system was purchased to replace the IBM System/36. The AS/400 I
will become the primary computer servicing the majority of the City's departments. The
System/36 will be moved to the police department to provide computer aided dispatching.
For the Future. I
1. Drug-Free Workplace, Ethics Policies Adopted
Policies to reinforce the City's commitments to a drug-free workplace and to the highest
standards of ethical conduct have been adopted. The drug-free procedures include testing for
alcohol and drug abuse for the job applicants and in "reasonable belief'situations. The ethics
policy presents in one document,the standard of conduct expected so as to avoid both the fact
and appearance of impropriety by members of City Council, employees and volunteer
committee members.
2. Streets
$227,500 is budgeted for overlaying streets with hot mix asphalt. An additional $15,000 is
designated for street repairs. A sidewalk from Blackhawk Boulevard along Whispering Pines
and FM-518 to Stevenson Park is also included in the current budget.
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3. Parks and Recreation
Over $200,000 of capital improvements to upgrade the City's parks are scheduled during
1991-92. The first phase of a master development plan for Stevenson Park will include the
installation of a disabled accessible playground system,jogging trail,signage and landscaping.
Renwick Park improvements will include resurfacing the parking lot and upgrading the
drainage system. New playground equipment and landscaping are also scheduled for Arena
Park.
4. Water and Sewer
Repairs to sanitary sewer lines and an infiltration and inflow(I&I)analysis have been budgeted
' to the tune of $83,960. The South Friendswood Sewer Interceptor Project is currently being
designed. This project will consist of over two miles of gravity sewer main ranging from 24
to 36 inches in diameter,a new wastewater pumping station and over one mile of 20-inch force
main. Construction of this project will allow further development of the southern part of the
City and ultimately will allow the abandonment of the Tower Estates Wastewater Treatment
Plant. Cost of the project is estimated at over $2,400,000.
Department Focus. Each year the City will select a department to highlight for its efforts and
accomplishments. For 1990-91, the Friendswood Public Library has been chosen for review.
The Friendswood Public Library, begun in August, 1965, resides in a 7,850 sq. ft. building at
416 Morningside Drive and the annex, known as the Little Library House at 108 Spreading Oaks.
Effective use of six full-time employees and five full-time equivalents in part-time positions enable
' the library to staff five public service points: circulation, patron registration and returns, children's
services, reference and readers' advisory and Little House desks.
During 1989-90, the City purchased an integrated computer system for the library. In its first full
year after completing the computerization project, loans increased 20% over the previous year to
162,765; attendance rose 15% to 89,988; new borrowers were up 27% to 2,987; reference questions
soared 58% to 10,715; attendance at 254 programs was up 7% and 5,173 books were added to the
' collection, bringing the book total to 66,731.
One of the most popular services offered by the library is its programming for the children of the
' community. The Summer Vacation Reading Programs feature as many as seven program activity
sessions per week. Throughout the school year, a variety of programs and activities are offered,
including puppet shows, story times, clowns, children's films and magic shows.
' All of the offerings are intended to support the mission statement of the library;that is, "To provide
appropriate informational,educational, recreational,and cultural materials and programs,to citizens,
property owners, or employees of this City and their families."
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FINANCIAL INFORMATION
' Management of the City is responsible for establishing and maintaining an internal control structure
designed to ensure that the assets of the City are protected from loss, theft or misuse and to ensure
that adequate accounting data are compiled to allow for the preparation of financial statements in
' conformity with generally accepted accounting principles. The internal control structure is designed
to provide reasonable, but not absolute, assurance that these objectives are met. The concept of
reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to
be derived; and (2) the valuation of costs and benefits requires estimates and judgments by
management.
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Budgeting Controls. In addition, the City maintains budgetary controls. The objective of these
budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated
budget approved by City Council. Activities of all funds are included in the annual appropriated IP
budget. The level of budgetary control(that is,the level at which expenditures cannot legally exceed w
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the appropriated amount) is established by department within an individual fund. The City also
maintains an encumbrance accounting system as one technique of accomplishing budgetary control.
Encumbered amounts lapse at year end. However,encumbrances generally are reappropriated as part
of the following year's budget.
As demonstrated by the statements and schedules included in the financial section of this report, the
City continues to meet its responsibility for sound financial management.
General Government Functions. Revenues for general government functions (General, Special
Revenue and Debt Service Funds) totaled $7,535,424 in 1990-991 an increase of $478,857 over
1989-1990. General property taxes produced 63.02 percent of the general revenues compared to
64.58 percent the preceding year. Sales taxes produced 9.81 percent of the general revenues compared
to 9.77 percent the preceding year. The amount of revenue from various sources and the increase or
(decrease) over the preceding year are shown in the following tabulation:
Increase
1990-91 Percent (Decrease)
Revenue Sources Amount of Total Over 1989-90
General property taxes $4,749,173 63.02% $192,040 I
Business gross receipts taxes 456,566 6.06 37,504
General sales taxes 739,216 9.81 49,640
Other taxes 3,509 .05 2,758
Sanitation 733,245 9.73 138,001
Fines and forfeitures 166,355 2.21 (281)
Licenses and permits 286,421 3.80 46,127
Intergovernmental 28,641 .38 (22,343)
Interest income 232,773 3.09 10,445
Other 139.525 1.85 24.966
TOTAL 17,.535,424 100.00% $478,857
Assessed valuations of$761,569,171 represented an increase of .22 percent over the preceding year.
Assessed valuations are at 100% of market value as determined by the Galveston County and Harris I
County Appraisal Districts. The assessed tax levy at October 1, 1990, relating to the fiscal year
1990-91 was $4,636,066 after adjustments, an increase of 2.3 percent over the tax levy at October 1,
1989. Current tax collections were $4,561,109, 98.38 percent of the tax levy, up $133,956 from last
year. The ratio of total collections (current and delinquent) to the current tax levy was 100.85 I
percent, an increase of 1.51 percent from last year.
The City had a total of $339,731 in delinquent taxes outstanding as of September 30,1991 which I
represents 7.33 percent of the current tax levy.
Delinquent tax collections were $114,376, or 30.17 percent of the delinquent tax levy, up $39,892 I
from last year. Penalties and interest collections totalled $73,271, an increase of $18,192 over the
prior year. These increases were due to payment of delinquent taxes,penalties and interest by a major
taxpayer.
Growth in new home construction contributed to the increase in business gross receipts taxes, general I
sales taxes,permits and fees and sanitation revenues. The total amount of new construction for 1990-
91 was $46,975,722, up from $37,068,554 for 1989-90, an increase of 26.73 percent. An additional
263 sanitation customers were added during 1990-91. II
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Rate increases in electricityand regular sanitation service also contributed
g to the increase in business
gross receipts taxes and sanitation revenues. Electric rates increased in March, 1991 and regular
I sanitation service rates increased in November, 1990. In addition,the City began a recycling program
February 1, 1991 with each customer paying a $1.00 recycling fee. Total customer recycling fees
collected were $55,695. Total gross revenues from recyclables was $38,192. The City's net profit for
Irecycling during 1990-91 was $10,466.
1990-91
I Gross recycling revenue $38,192
Less processing fees 27.726
INET RECYCLING REVENUE $10,466
Intergovernmental revenues decreased in 1990-91 due to a one-time grant from the Federal Aviation
Agency in 1989-90. Other income increased in 1990-91 due to insurance reimbursements and
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additional revenues from the Federal U.S. Marshal's Office.
Allocations of property tax levy by purpose for 1990-91 and the preceding two fiscal years are as
Ifollows (tax rate per $100 of assessed value):
Purpose 1990-91 1989-90 1988-89
I General Fund $.50876 $.5333 $.50746
General Obligation Debt .18E. .1617 .18754
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TOTAL TAX RATE S.69500 .6950 S.69500,
Expenditures for general government purposes totaled $7,726,123, an increase of $562,131 from
1989-90. Increases or(decreases)in the levels of expenditures for major functions of the City for the
Ipreceding year are shown in the following tabulation:
Increase
1990-91 Percent (Decrease)
I Function Amount of Total Over 1989-90
General Government $1,085,683 14.05X $(172,367)
Public Safety 2,478,564 31.90 • 304,879
I Public Works 1,521,841 19.70 324,952
Community Development 289,501 3.75 7,778
Community Services 1,048,606 13.75 99,558
Debt Service 1.301.928 16.85 (2.669)
ITOTAL $7.726.123, 100.00% $ 562.131,
General government expenditures decreased by $342,557 due to the reallocation of insurance costs
I from administration to public safety, $254,704; public works, $99,996; community development,
$26,019;and community services$39,542. The City's total insurance costs increased by$77,705 which
is reflected in the above allocation. General government expenditures increased when positions that
Iwere vacant in 1989-90 were filled in 1990-91. An AS/400 computer system was also purchased in
1990-91.
As stated previously, the majority of the increase in public safety expenditures was due to the
I reallocation of insurance costs. In addition to the reallocation of insurance,public works expenditures
increased due to the purchase of a dump truck and an increase in sanitation expense corresponding
to the increase in sanitation revenues. The City contracts with Best Waste Systems, Inc.for sanitation
I services and retains 3 percent of the sanitation revenues for administrative services. The City began
a recycling program in 1990-91, as stated previously, and all fees collected, less 3 percent for
administrative services, are paid to the vendor as well as a processing charge of $30 per ton.
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Communityservices expenditures also increased due to the insurance reallocation. The lighting for
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the girls softball fields at Renwick Park sports complex and the Drug Awareness Resistance Education
(DARE) programs at the elementary school level were also funded in larger amounts. These
community services expenditure increases were offset by a decrease in library expenditures due to
the purchase of the Dynix computer system in 1989-90.
It should be noted that all increases were planned for and budgeted. I
Fund balances in the major operating funds were maintained at budgeted levels. The General Fund
Balance of $1,434,997 was up $475,394 from the preceding year; the Debt Service Fund balance of
$50,856 was down $6,452 from the preceding year;the Capital Projects Fund balance of$355,010 was
down $231,195 from the prior year; and Special Revenue Fund balances of$71,572 was up $17,596
from the prior year.
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Enterprise Fund Operations. The water and sewer utility continued to show gains in number of
customers. Comparative data for the past two fiscal years are presented in the following tabulation:
Year Ended Sept. 30.
1991 1990
Operating revenue $3,350,312 $3,472,772 I
Operating expenses before depreciation 1.857.809 1.597.064
Net Operating Revenue Available
For Debt Service $1 L492,503 $11875.708
Debt service $. 176,906 $ 186I275
Coverage (income available for debt
service divided by annual debt service) 8.44 10.07
Number of customers - sewer 6,983 6,719
Number of customers - water 7,336 6,968
The Enterprise Fund,which is used to account for utility operations,had maintained retained earnings
of $4,674,170 and $4,954,866 as of September 30, 1991 and 1990, respectively. These retained
earnings balances are considered adequate based on the operating needs of the water and sewer utility. I
Non-expendable Trust Fund Operation. The Non-expendable Trust Fund is comprised of assets held
by the City for the 1776 Park. Activity in this fund resulted solely from interest earnings during the
years ended September 30, 1991 and 1990 of$1,934 and $2,016 and fund balances were $83,967 and
$82,033 as of September 30, 1991 and 1990, respectively.
Debt 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 management,citizens and
investors. These data for the City of Friendswood at the end of the 1990-91 fiscal year were as
follows:
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Ratio of Debt to
Assessed Value Debt
(100 Percent of Per
Description Amount Present Market) Capita
Net direct bonded debt $ 7,314,924 .97% $321
Overlapping debt 13.945.899 1.86 611
Total direct and
overlapping debt $21.260.823 2.83% §212
Outstanding tax supported debt at September 30, 1991 totaled $7,495,778. I
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Cash Management. Cash temporarily idle during the year was invested in certificates of deposit
ranging from 14 to 126 days to maturity. Yields on certificates of deposit ranged from 5.04 percent
' to 6.39 percent during the year ended September 30, 1991. Upon maturity, certificates of deposit
were invested in TexPool and yielded 6.1716 percent at year ended September 30, 1991.
Interest earned for the year was $232,773, up $10,445 from the preceding year.
The City's investment policy is to minimize credit and market risks while maintaining a competitive
yield on its portfolio. Accordingly, deposits were either insured by federal depository insurance or
collateralized. All collateral on deposits was held by a financial institution's trust department in the
City's name. All investments held by the City during the year and at September 30, 1991 are
classified in the category of lowest credit risk as defined by the Governmental Accounting Standards
Board.
Risk Management. The City, for 1991, has not implemented a plan for assumption of risk of loss.
Currently third party coverage is relied upon.
OTHER INFORMATION
Independent Audit. The City Charter requires an annual audit of the financial statements of all of
the various funds of the City by independent certified public accountants. The accounting firm of
LAIRSON,STEPHENS AND REIMER,P.C.,CPA's,was selected and their opinion has been included
in this report.
Awards. The Government Finance Officers Association (GFOA) awarded a Certificate of
' Achievement for Excellence in Financial Reporting to the CITY OF FRIENDSWOOD, for its
comprehensive annual financial report for the fiscal year ended September 30, 1990. This was the
fourth consecutive year that the City has received this prestigious award. In order to be awarded a
Certificate of Achievement, the City published an easily readable and efficiently organized
comprehensive annual financial report. This report satisfied both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement Program's
requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
Acknowledgments. The preparation of the comprehensive annual financial report was made possible
by the dedicated service of the entire staff of the Finance Department. Each member of the
department has my sincere appreciation for the contributions made in the preparation of this report.
In closing, I also express my thanks to the Mayor, members of the City Council and the City Manager
for their leadership, interest and support in conducting the financial operations of the City in a
' responsible and progressive manner.
Sincerely,
arr._ e.
Roger C. Roecker
Director of Finance
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Certificate of
Achievement 1
for Excellence
in Financial
Reporting
Presented to 1
City of Friendswood, 1
Texas
For its Comprehensive Annual
Financial Report 1
for the Fiscal Year Ended
September 30, 1990
A Certificate of Achievement for Excellence in Financial
Reporting is Presented by the Government Financial Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports(CAFR's)achieve the highest
standards in government accounting
and financial reporting.
1
• OF THE d
W UNITED STATES 7N
AND v.CANAa CORPORATION j President
° s:
� CMIC►GAYO"7 se et‘We
Executive Director
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CITY OF FRIENDSWOCD
IORGANIZATIONAL CHART
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IMAYOR s COUNCIL
CITY SECRETARY
IAPPOINTED BOARDS ?RIENDSMDOD CITYMUNICZPA: t CITY
AND AD BOC VOLUNTEER ATTORNEY JUDGE PROSECUTOR
COMMITTEES rums DEPARTMENT
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I fin ADMINISTRATION
L. DEPARTMENT
rI7m= I POLICE PIPE MANUAL PUBLIC WORKS COMMUNITY LIBRARY PARRS AND
DEVELOPMENT RECREATION
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PRINCIPAL OFFICIALS
CITY OF FRIENDSWOOD, TEXAS 1
September 30, 1991
MAYOR
Paul W. Schrader
Councilmember Councilmember
Position No. 1 Position No. 4
Ronald H. Ritter Ed Stuart
Mayor Pro-Tem
Councilmember Councilmember
Position No. 2 Position No. 5
Mel P. Measeles Harold Raley
Councilmember Councilmember
Position No. 3 Position No. 6
Evelyn B. Newman Frank Frankovich 1
City Manager '
Ronald E. Cox
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City Secretary Tax Assessor/Collector
Deloris Archer Alta Carbone '
Director of Finance ,
Roger C. Roecker
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LAIRSON, STEPHENS & REIMER
A Professional Corporation
Certified Public Accountants
1716 Mangum,Suite 300 • Houston,Texas 77092 • Tel.(713)681-8500 • Fax(713)681-9043
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INDEPENDENT AUDITORS' REPORT 1
Honorable Mayor and Members of
City Council
City of Friendswood, Texas I
We have audited the accompanying general purpose financial statements of the City of Friendswood,
Texas and the combining, individual fund and account group financial statements of the City of
Friendswood,Texas as of and for the year ended September 30, 1991,as listed in the table of contents.
These financial statements are the responsibility of the City of Friendswood,Texas management. Our
responsibility is to express an opinion on these financial statements based on our audit.
We have conducted our audit in accordance with generally accepted auditing standards. These
standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An audit includes examining on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all 1
material respects,the financial position of the City of Friendswood,Texas at September 30, 1991,and
the results of its operations and the cash flows of its proprietary and non-expendable trust fund for
the year then ended, in conformity with generally accepted accounting principles. Also, in our
opinion, the combining, individual fund and account group financial statements referred to above
present fairly, in all material respects, the financial position of each of the individual funds and
account groups of the City of Friendswood,Texas at September 30, 1991,and the results of operations
of such funds and the cash flows of individual proprietary and non-expendable trust funds for the
year then ended, in conformity with generally accepted accounting
principles.
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Honorable Mayor and Members of
City Council
' City of Friendswood, Texas
Page Two
1
Our audit was made for the purpose of forming an opinion on the general purpose financial statements
1 taken as a whole and on the combining, individual fund and account group financial statements. The
accompanying financial information listed as schedules in the table of contents is presented for
purposes of additional analysis and is not a required part of the financial statements of the City of
1 Friendswood,Texas The information in these schedules has been subjected to the auditing procedures
applied in the audit of the general purpose, combining, individual fund and account group financial
statements and, in our opinion, is fairly stated in all material respects in relation to the financial
statements of each of the respective individual funds and account groups, taken as a whole.
i f C .•
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Houston, Texas
January 15, 1992
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1 -21-
CITY OF FRIENDSWOOD, TEXAS 11
COMBINED BALANCE SHEET-ALL FUND TYPES
11
AND ACCOUNT GROUPS
September 30, 1991
11
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
ASSETS AND OTHER DEBITS
ASSETS
CASH - including certificates of
deposit $2,062,105 $74,030 $ 50,852 $428,365
RECEIVABLES - net where applicable,
of allowances for uncollectibles
Property taxes 247,434 92,297
Accounts 100,108 22,250
Interest 166 5 4 22
PREPAID EXPENDITURES AND OTHER
ASSETS 118,293
RESTRICTED ASSETS
Cash - including certificates of
deposit
Land
Blackhawk operating fund deposit
GENERAL FIXED ASSETS - at cost 1
PROPERTY, PLANT AND EQUIPMENT -
at cost less accumulated
depreciation - Note 4
CERTIFICATE OF OBLIGATION ISSUANCE
COSTS - net of amortization
OTHER DEBITS
Amount available in debt service
funds
Amount to be provided for
retirement of general
long-term debt
TOTAL ASSETS AND OTHER DEBITS $2,528,106 $96,285 $143.153 $428.387 1
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II l of 2
II
FIDUCIARY
PROPRIETARY FUND TYPE TOTALS
II FUND TYPE NON- ACCOUNT GROUPS (MEMORANDUM ONLY)
EXPENDABLE GENERAL FIXED GENERAL LONG-
ENTERPRISE TRUST ASSETS TERM DEBT 1991 1990
II
II
$ 1,570,104 $ 4,185,456 $ 4,135,350
II
524,342
339,731 371,886
646,700 491,017
158 $ 2 357 25,683
II11,899 130,192 59,680
1 453,751 26,765 480,516 571,351
57,200 57,200 57,200
120,436 120,436 109,279
II $18,594,406 18,594,406 17,391,871
II21,226,587 21,226,587 21,155,609
II
29,665 29,665 31,948
II
$ 50,856 50,856 57,308
7.444.922 7.444.922 8.201.662
$23,936,942 $83,967 $18,594,406 $7,495,778 $53.307.024 $52.659.844
II
II
II
See notes to financial statements.
11
-23-
1
CITY OF FRIENDSWOOD, TEXAS
COMBINED BALANCE SHEET-ALL FUND TYPES
AND ACCOUNT GROUPS
September 30, 1991
GOVERNMENTAL FUND TYPES '
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
LIABILITIES, EQUITY AND OTHER CREDITS
LIABILITIES
ACCOUNTS PAYABLE AND
ACCRUED LIABILITIES $ 343,333 $ 2,463 $ 73,377
COMPENSATED ABSENCES 486,295
PAYABLE FROM RESTRICTED ASSETS
Accrued interest
Revenue bonds and certificates
of obligation - current portion
Deposits
Impact Fee Refunds Payable
DEFERRED REVENUE 263,481 22,250 $ 92,297
LEASE OBLIGATION
REVENUE BONDS
GENERAL OBLIGATION BONDS
CERTIFICATES OF OBLIGATION
TOTAL LIABILITIES 1,093,109 24,713 92,297 73,377
EQUITY AND OTHER CREDITS
INVESTMENT IN GENERAL FIXED ASSETS
CONTRIBUTED CAPITAL - Note 12
RETAINED EARNINGS
Reserved for revenue bond
retirement
Reserved for construction
Unreserved
FUND BALANCES
Reserved for prepaid expenditures 118,293
Reserved for encumbrances 316,668 63 191,116
Reserved for endowments
Reserved for pool 2,212
Reserved for programs 252
Unreserved
Designated for emergency
operations 600,00011
Designated for construction 163,894
Designated for debt service 50,856
Undesignated 399,784 69.297 ,
TOTAL EQUITY AND OTHER CREDITS 1,434,997 71.572 50.856 355.010
TOTAL LIABILITIES, EQUITY AND
OTHER CREDITS $2,528,106 96 285 $143,153 $428,387
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FIDUCIARY
PROPRIETARY FUND TYPE TOTALS
II FUND TYPE NON- ACCOUNT GROUPS (MEMORANDUM ONLY)
EXPENDABLE GENERAL FIXED GENERAL LONG-
ENTERPRISE TRUST ASSETS TERM DEBT 1991 1990
1
1 $ 295,172 $ 714,345 $ 452,096
48,700 534,995 475,427
II28,966 28,966 30,247
235,000 235,000 220,000
80,065 80,065 48,320
I - 227,484
378,028 409,777
- 13,192
600,000 600,000 735,000
' 4.010.000365,77
30$7,130 008 7,365,778 8,080,778
. 0 4.140.000 4.275.000
5,297,903 7,495,778 14,077,177 14,967,321
1 $18,594,406 18,594,406 17,391,871
13,964,869 13,964,869 13,606,661
II401,860 401,860 208,320
863,992 863,992 932,079
3,408,318 3,408,318 3,814,467
II
118,293 53,784
507,847 294,922
1 $67,200 67,200 67,200
2,212 2,052
252 227
II600,000 400,000
163,894 354,655
50,856 57,308
I
16.767 485.848 508.977
18.639,039 83.967 18.594.406 39.229.847 37.692.523
$23.936.942 $83.967 $18.594.406 $7.495.778 $53.307.024 $52.659.844
11
II
See notes to financial statements.
II
-25-
li
CITY OF FRIENDSWOOD, TEXAS II
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES -ALL GOVERNMENTAL FUND TYPES
Year ended September 30, 1991
II
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL II
GENERAL REVENUE SERVICE PROJECTS
REVENUES
Taxes $4,677,163 $1,271,301 I!
Sanitation 733,245
Fines and forfeiture 166,355
Licenses and permits 286,421
Donations 2,951 $53,644 II
Intergovernmental 28,641
Interest 203,688 4,910 24,175 $ 30,384
Other 63.098 19.832II
TOTAL REVENUES 6,161,562 78,386 1,295,476 30,384
EXPENDITURES
Current
General government 1,085,683 II
Public safety 2,425,174 53,390
Public works 1,521,841
Community development 282,101 7,400
Community services 1,048,606 II
Capital outlay 710,255
Debt service
Principal retirement 763,192
II
Interest and fiscal charges 538.736
TOTAL EXPENDITURES 6.363.405 60.790 1.301.928 710.255
REVENUES OVER (UNDER)
EXPENDITURES (201,843) 17,596 (6,452) (679,871) II
OTHER FINANCING SOURCES
Operating transfers in 1,125,913 448,676
Operating transfers out (448.676) II
TOTAL OTHER FINANCING
SOURCES (USES) 677.237 448.676
REVENUES AND OTHER SOURCES 1
OVER (UNDER) EXPENDITURES 475,394 17,596 (6,452) (231,195)
Fund balances at beginning of year 959.603 53.976 57.308 586.205 1
FUND BALANCES AT END OF YEAR $1,434 L997 $71,572 $ 50,856 $ 355.010
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' TOTALS
(MEMORANDUM ONLY)
1991 1990
$5,948,464 $5,666,522
733,245 595,244
166,355 166,982
286,421 240,294
56,595 55,289
28,641 50,984
11 263,157 265,449
82.930 59.818
7,565,808 7,100,582
1,085,683 1,258,050
2,478,564 2,173,685
1,521,841 1,196,889
11 289,501 281,723
1,048,606 949,048
710,255 71,586
' 763,192 721,245
538.736 583.352
8.436.378 7.235.578
' (870,570) (134,996)
1,574,589 638,982
(448.676) (290.233)
1.125.913 348.749
255,343 213,753
' 1.657.092 1.443.339
$1.912.435 $1.657.092
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See notes to financial statements.
' -27-
I
CITY OF FRIENDSWOOD TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES INI
FUND BALANCES- BUDGET AND ACTUAL- GENERAL,SPECIAL REVENUE
AND DEBT SERVICE FUND TYPES
Year ended September 30, 1991 1
GENERAL FUND I
VARIANCE-
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES
Taxes $4,460,614 $4,677,163 $ 216,549
Sanitation 664,157 733,245 69,088II
Fines and forfeitures 193,481 166,355 (27,126)
Licenses and permits 180,882 286,421 105,539
Donations 4,298 2,951 (1,347)
Intergovernmental 31,153 28,641 (2,512) II
Interest 162,019 203,688 41,669
Other 47.386 63.098 15.712
5,743,990 6,161,562 417,572
II
EXPENDITURES
Current
General government 1,271,058 1,085,683 185,375
Public safety 2,673,009 2,425,174 247,835II
Public works 1,418,068 1,521,841 (103,773)
Community development 292,355 282,101 10,254
Community services 1,051,976 1,048,606 3,370
Capital outlays11
Debt Service
Principal retirement
Interest and fiscal charges
TOTAL EXPENDITURES 6.706.466 6.363.405 343.061II
REVENUES OVER (UNDER) EXPENDITURES (962,476) (201,843) '760,633
OTHER FINANCING SOURCES (USES) II
Operating transfers in 1,125,913 1,125,913
Operating transfers out (454,056) (448,676) 5.380
TOTAL OTHER FINANCING
SOURCES (USES) 671.857 677.237 5.380II
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER USES $ (290.619) 475,394 $ 766.013II
Fund balances at beginning of year 959.603
FUND BALANCE AT END OF YEAR S1,434.997 1
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SPECIAL REVENUE FUNDS DEBT SERVICE FUND
VARIANCE- VARIANCE-
FAVORABLE FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE)
$1,224,307 $1,271,301 $46,994
$ 1 ,138 $ 4,910 $ 3,772 17,901 24,175 6,274
59.949 73.476 13.527
61,087 78,386 17,299 1,242,208 1,295,476 53,268
I/
53 ,588 53,390 198
7,880 7,399 481
763,192 763,192 -
537.653 538.736 1.083)
61.468 60.789 679 1,300.845 1.301.928 1.083)
(381) 17,597 17,978 58,637 (6,452) 52,185
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$ (381) 17,597 $17.978 $ 58.637) (6,452) $52.185
53.976 57.308
' $71.573 $ 50,856
See notes to financial statements.
' -29-
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-30- 1
CITY OF FRIENDSWOOD, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES- BUDGET AND ACTUAL- CAPITAL PROJECTS FUND
' Year ended September 30, 1991
CAPITAL PROJECTS FUND
VARIANCE-
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES
Taxes
Sanitation
Fines and forfeitures
Licenses and permits
Donations
Intergovernmental
Interest $ 19,620 $ 30,384 $10,764
Other
19,620 30,384 10,764
EXPENDITURES
Current
General government
' Public safety
Public works
Community development
Community services
' Capital outlays 1,059,882 710,255 349,627
Debt Service
Principal retirement
Interest and fiscal charges
' TOTAL EXPENDITURES 1.059.882 710.255 349.627
REVENUES OVER (UNDER) EXPENDITURES (1,040,262) (679,871) 360,391
OTHER FINANCING SOURCES (USES)
Operating transfers in 454,056 448,676 5,380
Operating transfers out
TOTAL OTHER FINANCING
' SOURCES (USES) 454.056 448.676 5.380
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES
e AND OTHER USES 586 206) (231,195) $355,011
Fund balances at beginning of year 586.205
FUND BALANCE AT END OF YEAR $ 355.010,
I
See notes to financial statements.
-31-
CITY OF FRIENDSWOOD, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS/FUND BALANCE-
PROPRIETARY FUND TYPE AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1991
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST
OPERATING REVENUES
Water and sewer sales and services $ 3,315,970
11
Fees and penalties 28,945
Other 5.397
3,350,312
OPERATING EXPENSES 11
Water Operations
Personal services 180,147
Supplies 34,351
Other services and charges 427,321
Maintenance 58.095
699,914
Sewer Operations
Personal services 137,032
Supplies 11,761
Other services and charges 638,640
Maintenance 66.007
853,440
Operation Administration
Personal services 75,659
Supplies 1,702
Other services and charges 1,490
Maintenance 539
79,390
Finance Administration
Personal services 122,801
Supplies 6,974
Other services and charges 33,952
Maintenance 2.960
166,687
Finance-Data Processing
Supplies 822
Maintenance 2,898
Other service and charges 7.478
11,198
Insurance
Other service and charges 7.433
7,433
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TOTALS
(MEMORANDUM ONLY)
1991 1990
$3,315,970 $ 3,424,025
28,945 34,258
5,397 14.489
3,350,312 3,472,772
I
180,147 203,744
34,351 58,192
427,321 169,651
58.095 89,525
699,914 521,112
137,032 80,071
11,761 8,746
638,640 594,830
66.007 82.767
853,440 766,414
' 75,659 52,720
1,702 3,343
1,490 862
539 412
79,390 57,337
122,801 116,296
6,974 6,966
33,952 91,823
2.960 2.942
166,687 218,027
822 -
2,898 -
7.478
11,198
7.433
7,433
I/
See notes to financial statements.
-33-
CITY OF FRIENDSWOOD, TEXAS
COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS/FUND BALANCE-
PROPRIETARY FUND TYPE AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1991 1
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST
Engineering
Personal services 37,608
Supplies 497
Other services and charges 1.642
39.747
OPERATING EXPENSES
BEFORE DEPRECIATION 1,857,809
Depreciation 472.381
OPERATING EXPENSES 2.330.190
OPERATING INCOME 1,020,122
Non-operating revenues (expenses)
Interest revenue 148,286 $ 1,934
Interest expense (351,201)
Gain on Disposal of Fixed Assets 28.010
(174.905) 1.934
INCOME BEFORE OPERATING TRANSFERS 845,217 1,934
Operating transfers in
Operating transfers out (1.125.913)
(1.125,913)
NET INCOME (280,696) 1,934
Retained earnings/fund balance at
beginning of year 4.954,866 82.033
RETAINED EARNINGS/FUND BALANCE AT
END OF YEAR $_4,674.170 $83,967
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TOTALS
(MEMORANDUM ONLY)
1991 1990
37,497
497
608
1,642 34,174
39,747 34,174
1,857,809 1 ,597,064
472.381 550.720
2.330,190 2.147.784
1,020,122 1,324,988
150,220 166,404
(351,201) (56,275)
28,010 (157.192)
(172.971) (47.063)
847,151 1,277,925
(1.125,913) (348.749)
(1,125,913) (348.749)
(278,762) 929,176
5.036,899 4.107.723
1 $ 4.758.137 $5,036,899
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See notes to financial statements.
-35-
II
CITY OF FRIENDSWOOD, TEXAS II
COMBINED STATEMENT OF CASH FLOWS- PROPRIETARY FUND TYPE
II
AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1991
II
FIDUCIARY
PROPRIETARY FUND TYPE II
FUND TYPE NON-EXPENDABLE
ENTERPRISE TRUST
CASH FLOWS FROM OPERATING ACTIVITIES II
Operating income $ 1,020,122 $ -
Adjustment to reconcile net income to net I
cash provided by operating activities
Amortization 2,283
Depreciation 472,381 II
Disposal of fixed assets 28,010
1,522,796
Changes in operating assets and liabilities II
Increase in prepaid expenses (6,003)
Decrease in customer deposits 31,745
(Decrease) Increase in accounts payable (54,988) II
Increase in accounts receivable (93,306) (2)
(Decrease) Increase in accrued interest
payable (1,281)
II
(Increase) Decrease in due from other funds
CASH FLOWS PROVIDED FROM
OPERATING ACTIVITIES 1,398,963 (2) 1
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Operating transfers-out to other funds IIOperating transfers-in from other funds (1.125.913)
CASH FLOWS USED BY NONCAPITAL
FINANCING ACTIVITIES (1,125,913) - I
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See notes to financial statements.
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TOTALS
(MEMORANDUM ONLY)
1991 1990
$ 1,020,122 $ 1,324,988
2,283 2,284
472,381 550,720
28.010 (157.192)
1,522,796 1,720,800
I/
(6,003) (4,564)
31,745 (2,545)
(54,988) 150,511
(93,308) (90,945)
11 (1,281) (662)
637
1,398,961 1,773,232
M (1.125.913) (348.749)
(1,125,913) (348,749)
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See notes to financial statements.
-37-
II
CITY OF FRIENDSWOOD, TEXAS II
COMBINED STATEMENT OF CASH FLOWS- PROPRIETARY FUND TYPE
II
AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1991
11
FIDUCIARY
PROPRIETARY FUND TYPE 11
FUND TYPE NON-EXPENDABLE
ENTERPRISE TRUST
CASH FLOWS FROM CAPITAL AND RELATED FINANCING II
ACTIVITIES
Contributed capital transferred to
II
General Fund
Contributed capital from customers 358,208
Acquisition and construction of capital
assets, including capitalized construction
interest (854,476) 11
Retirements and reclassification of
capital assets 311,117
Revenue bond payments (130,000)
Interest paid (351,201) 11
Certificate of obligation payments (90.000)
CASH FLOWS PROVIDED (USED) FROM CAPITAL AND
RELATED FINANCING ACTIVITIES (756,352) 11
CASH FLOWS FROM INVESTING ACTIVITIES
Interest earned on investments 148.286 1,934 II
CASH FLOWS FROM INVESTING ACTIVITIES 148,286 1,934
(DECREASE) INCREASE IN CASH (335,016) 1,932 II
Cash balance at beginning of year 2.358.871 24,833
CASH BALANCE AT END OF YEAR $ 2,023 855 $ 26,765 1
Unrestricted cash $ 1,765,104 $ 26,765
Restricted cash 258.751 - I
TOTAL CASH $ 2,023,855 $ 26,765
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TOTALS
(MEMORANDUM ONLY)
1991 1990
358,208 (1,465,693)
112,474
(854,476) (6,618,058)
311,117 7,073,012
(130,000) (130,000)
(351,201) (56,275)
(90,000) -
(756,352) (1,084,540)
150,220 166,404
150,220 166,404
(333,084) 506,347
2,383.704 1,877,357
$2,050,620 $ 2,383,704
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See notes to financial statement.
-39-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS 1
September 30, 1991
1
1. ORGANIZATION
The City of Friendswood, Texas was incorporated on October 15, 1960. The charter provided I
for a Mayor-Council form of city government. It was amended on October 16, 1971 to provide
for a City Council-City Manager form of city government.
The Mayor and six Councilmembers are elected from the City at large to serve two-year terms.
The City Council is the principal legislative body of the City. The City Manager is appointed
by a majority vote of the City Council and is responsible to the Council for the administration
of all the affairs of the City. The City Manager is responsible for law enforcement,
appointment and removal of department directors and employees, supervision and control of
all City departments and preparation of the annual budget. The Mayor presides at meetings of
the City Council and can vote.
The City provides the following services: public safety, streets, parks and recreation, library, I
water and sewer, sanitation, planning and zoning, building inspection, code enforcement and
general administrative services.
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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. REPORTING ENTITY
In defining the reporting entity the City has considered the following criteria:
(1) oversight responsibility which includes (a) financial interdependence, (b) selection I
of governing authority, (c) designation of management, (d) ability to significantly
influence operations, and (e) accountability for financial matters, (2) scope of public
service and (3) special financing relationships.
The reporting entity is composed of the operational units (General, Special Revenue,
Debt Service,Capital Projects,Non-expendable Trust and Enterprise Funds)of the City.
The governmental units listed below were considered but excluded,because they did not
materially meet the criteria listed above.
The governmental units include Friendswood Independent School District, Clear Creek
Independent School District,Galveston County,Harris County and Clear Creek Drainage
District and have been omitted from the reporting entity.
Of the component units considered for inclusion in the importing entity, only
Friendswood Volunteer Fire Department had a positive response to criteria 1(a)and 1(d)
above.
No other positive responses were found to the remaining criteria for Friendswood
Volunteer Fire Department. In the opinion of the City's management, the degree of
oversight of the Friendswood Volunteer Fire Department is immaterial and because they
do not meet the scope of public service or special financing relationship criteria,they are
not considered a component unit of the City.
-40- 1
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I CITY OF FRIENDSWOOD, TEXAS
1 NOTES TO FINANCIAL STATEMENTS- 2
September 30, 1991
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
IB. FUND ACCOUNTING
I The accounts of the City are organized on the basis of funds and account groups, each
of which is considered a separate accounting entity. The operations of each fund are
accounted for with a separate set of self-balancing accounts that comprise its assets,
I liabilities, fund equity, revenues and expenditures or expenses, as appropriate.
Resources are allocated to and accounted for in individual funds based upon the purposes
for which they are to be spent and the means by which spending activities are controlled.
The City uses six fund types and two account groups described below:
1 GOVERNMENTAL FUND TYPES
I Governmental funds are those through which most governmental functions of the City
are financed. The City's expendable financial resources (except those accounted for in
proprietary funds) are accounted for through governmental funds. The measurement
focus is upon determination of changes in financial position, rather than upon net
Iincome determination. The following are the City's governmental fund types:
General Fund
IThe 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
I property taxes, sales and use taxes, franchise taxes, licenses and permits, and fines and
forfeitures. Expenditures are for general government, public safety, public works,
community development and community services.
ISpecial Revenue Funds
The Special Revenue Funds are used to account for proceeds of specific revenue sources
I that are legally restricted to financing specified activities. Capital improvements are
charged to expenditures in the accounts of this fund and capitalized in the General Fixed
Assets Account Group.
IDebt Service Fund
The Debt Service Fund is used to account for the payment of interest and principal on
I all general long-term debt of the City. The primary source of revenue of the Debt
Service is general property taxes.
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CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 3 1
September 30, 1991
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
B. FUND ACCOUNTING(continued)
Capital Projects Fund
The Capital Projects Fund is used to account for the receipt and expenditures of
resources used for the acquisition and construction of major capital facilities(other than
those financed by the Enterprise Fund). The principal resources of the Capital Projects
Fund are proceeds from the sale of bonds and certificates of obligation, federal grants,
interest revenues and operating transfers from other funds.
PROPRIETARY FUND TYPE
Proprietary funds are used to account for the City's ongoing organizations and activities
which are similar to those often found in the private sector. The measurement focus is
upon determination of net income. The following is the City's proprietary fund type:
Enterprise Fund (Water and Sewer) I
The Enterprise Fund is used to account for operations of the water and sewer department
and the construction of related facilities and for billing for and payment of its sanitation
services. The fund is financed and operated in a manner similar to private business
enterprises - where the intent of the City is that the costs (expenses, including
depreciation) of providing goods or services to the general public on a continuing basis
be financed or recovered primarily through user charges. The acquisition,maintenance
and improvement of the physical plant facilities required to provide these goods and
services are financed from existing cash resources, the issuance of bonds (revenue or
general obligation), federal grants and other City funds. I
FIDUCIARY FUND TYPES
Trust Fund
The Non-Expendable Trust Fund (1776 Park) is used to account for assets held by the
City in a trustee capacity or as an agent for individuals, private organizations, other
governments and/or other funds. This fund is accounted for in the same manner as
proprietary funds.
1
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-42-
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS -4
September 30, 1991
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
B. FUND ACCOUNTING(continued)
ACCOUNT GROUPS
Account groups are used to establish accounting control and accountability for the City's
general fixed assets and general long-term debt. The following are the City's account
groups:
General Fixed Assets Account Group
The General Fixed Assets Account Group is used to account for the City's land,
buildings, improvements and equipment except those recorded in the Enterprise Fund.
General Long-Term Debt Account Group
This account group is used to account for the City's liability for general obligation bonds
and certificates of obligation due at varying dates through the year 2004 which are
payable from general property tax revenues of the City.
C. BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized
in the accounts and reported in the financial statements, regardless of the measurement
focus applied.
MEASUREMENT FOCUS
Governmental fund types(General, Special Revenue,Debt Service and Capital Projects)
are accounted for on a "current financial resources" measurement focus. Accordingly,
only current assets and current liabilities are included on their balance sheets and the
reported fund balance provides an indication of available spendable or appropriable
resources. Operating statements for governmental fund types report increases and
decreases in available spendable resources.
The Enterprise Fund, a proprietary fund type, and the Non-Expendable Trust Fund are
accounted for on a "flow of economic resources" measurement focus. Accordingly, all
assets and all liabilities are included on their balance sheets,and the reported fund equity
provides an indication of the economic net worth of the fund. Operating statements for
the Enterprise Fund report increases and decreases in total economic net worth.
1
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-43-
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 5
September 30, 1991
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
C. BASIS OF ACCOUNTING (continued)
MODIFIED ACCRUAL BASIS OF ACCOUNTING
The modified accrual basis of accounting is followed in the governmental fund types.
Under this basis of accounting, revenues are recognized when they become susceptible
to accrual; i.e., both measurable and available to finance expenditures of the current
period. Available means then due, or past due and receivable within the current period
and collected within the current period or expected to be collected soon thereafter to be
used to pay liabilities of the current period. Such time thereafter shall not exceed 60
days. Expenditures are recorded when the related fund liability is incurred with the
exception of principal and interest on general long-term debt.
The treatment of specific revenue and expenditure items is described below: I
(1) General property taxes are recorded as a receivable when levied and as revenue
when they become available. Property taxes receivable have been recorded as
deferred revenue at September 30, 1991. Property taxes collected within sixty
days subsequent to September 30, 1991 have not been recorded as revenue as the
amount is not material.
(2) Sick pay is accrued and one half of any cumulative sick pay is payable to the
employee upon termination. Unpaid vacation is recorded as it accrues and cannot
be carried forward to the following year without City Manager approval.
Amounts accrued in these financial statements represent the unused portion of
vacation at September 30, 1991. Longevity begins to accrue after one year of
employment and is paid each December. "Comp-time" accrues each pay period
and cumulative "comp-time" is payable to the employee upon termination. Sick 111
pay, vacation, longevity and "comp-time" will be liquidated with expendable
available financial resources and are accrued in the General and Enterprise Funds.
As of September 30, 1991, accrued holiday, sick pay,vacation, longevity pay and
"comp-time" were as follows:
Fund Holiday Sick Pay Vacation Longevity "Comp-Time" Total
General Fund $24,046 $249,441 $182,889 $20,056 $ 9,863 $486,295
Enterprise Fund 722 26.211 18.273 3.236 258 48.700
TOTAL $24,,768 $275,652 $201,162 23 292 $10,121 534 995
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-44-
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 6
September 30, 1991
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
C. BASIS OF ACCOUNTING(continued)
MODIFIED ACCRUAL BASIS OF ACCOUNTING(continued)
(3) Principal and interest on general long-term debt is recognized when due.
(4) Supplies inventories are charged to expenditures when purchased.
(5) Franchise tax, fines, licenses and permits, and sales tax are recognized when
received; i.e., the time they are considered measurable. Sanitation fees are
recorded when earned.
(6) Investment earnings are not accrued in the governmental fund types and
Non-Expendable Trust Funds since they are not material. Earnings are recorded
upon maturity of investments. Investments (certificates of deposit)are stated at
cost.
The Enterprise Fund and Non-Expendable Trust Fund revenues and expenses are
recorded on the accrual basis whereby revenues are recognized in the period in which
they are earned and become measurable and expenses are recognized in the period
incurred.
D. BUDGETS
GENERAL BUDGET POLICIES
Procedures in establishing budgetary data reflected in the financial statements are as
follows:
i (1) On or before the first day of August of each year, the City Manager shall submit
to the Council a proposed budget and an accompanying message. The Council
shall review the proposed budget and revise as deemed appropriate prior to general
circulation for public hearing. The Council shall adopt the budget by ordinance
on one reading on or before the 15th day of September or as soon thereafter as
practical. Adoption of the budget shall require an affirmative vote of at least a
majority of all members of the Council. Adoption of the budget shall constitute
appropriations of the amounts specified therein as expenditures from the funds
indicated. If, during the fiscal year, the City Manager certifies that there are
available for appropriation revenues in excess of those estimated in the budget,the
Council may make supplemental appropriation for the year up to the amount of
such excess.
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-45-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 7 1
September 30, 1991
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
D. BUDGETS(continued)
GENERAL BUDGET POLICIES(continued) I
(2) At any time during the fiscal year, the City Manager may transfer part or all of
any unencumbered appropriation balance among programs within a department,
division or office and,upon written request by the City Manager,the Council may
by ordinance transfer part or all of any unencumbered appropriation balance from
one department, office, or agency to another.
(3) Limitations: No appropriation for debt service may be reduced or transferred and
no appropriation may be reduced below any amount required by law to be
appropriated or by more than the amount of the unencumbered balance thereof.
(4) Lapse of Appropriations: Every appropriation, except an appropriation for a
capital expenditure, shall lapse at the close of the fiscal year to the extent that it
has not been expended or encumbered. An appropriation for a capital expenditure
shall continue in force under the purpose for which it was made until it has been
accomplished or abandoned. The purpose of any such appropriation shall be
deemed abandoned if three years pass without disbursement from or encumbrance
of the appropriation.
(5) Legally adopted budgets for the General, Special Revenue, Debt Service, Capital
Projects and Enterprise Funds are prepared on a basis consistent with generally
accepted accounting principles (GAAP), at the departmental level, the legal level
of budgetary control.
(6) Encumbrances represent commitments related to unperformed contracts for goods
or services. Encumbrance accounting - under which purchase orders, contracts
and other commitments for the expenditure of resources are recorded to reserve
that portion of the applicable appropriation - is utilized in the governmental
funds. Encumbrances outstanding at year end are reported as reservations of fund
balances and do not constitute expenditures or liabilities because the commitments
will be honored during the subsequent year. I
The City of Friendswood has complied with all budget requirements for the year ended
September 30, 1991.
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-46-
I
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 8
September 30, 1991
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
E. FIXED ASSETS
Fixed assets are stated at cost or, if the cost is not determinable, at estimated historical
cost. Donated fixed assets are recorded at their estimated fair value on the date received.
Costs incurred for the purchase or construction of general fixed assets are recorded as
capital outlay expenditures in the General, Special Revenue and Capital Projects Funds.
All such costs are capitalized in the General Fixed Assets Account Group. Amounts
expended for property, plant and equipment in the Enterprise Fund are capitalized in
the fixed asset accounts within that fund. Public domain fixed assets such as bridges,
roads, drainage systems, etc., are capitalized along with other general fixed assets.
Depreciation of all exhaustible fixed assets used by the Enterprise Fund is charged as an
expense against its operations. Allowance for depreciation is reported in the Enterprise
Fund balance sheet. Depreciation has been provided over the estimated useful lives
using the straight-line method. The estimated useful lives are as follows:
Assets Lives
Equipment 5-10 years
Water and Sewer System 40-50 years
No depreciation is provided for the general fixed assets of the City.
F. DEBT SERVICE
The ad valorem tax rate is allocated each year between the General Fund and the Debt
Service Fund. The full amount estimated to be required for debt service on general
obligation debt is provided by the debt service tax together with interest earned in the
Debt Service Fund. Enterprise Fund long-term debt requirements are provided from net
revenues of the fund.
G. GENERAL PROPERTY TAXES
All taxes due the City on real or personal property are payable at the Office of the City
Assessor-Collector and may be paid at any time after the tax rolls for the year have been
completed and approved, which is no later than October 1. Taxes are levied on October
I 1 and are due by February 1, and all taxes not paid prior to this date are deemed
delinquent and are subject to penalty and interest. All property located within the City
limits on the first day of January of each year is charged with a special lien in favor of
the City from such date for taxes due thereon.
r
-47-
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS-9 I
September 30, 1991
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
H. "MEMORANDUM ONLY" CAPTIONS
The "Memorandum Only" captions on the total columns of the combined statements
indicate that totals are presented only for overview informational purposes. Data in
these columns do not present financial position, results of operations or changes in
financial position in conformity with generally accepted accounting principles.
I. STATEMENT OF CASH FLOWS
For the purposes of the Statement of Cash Flows, the Enterprise and the Non-
Expendable Trust funds consider all highly liquid investments (including restricted
assets) with a maturity of three months or less when purchased to be cash equivalents.
J. ALLOWANCES 1
Allowance for doubtful accounts has been recorded at September 30, 1991 as follows:
Fund Type of Account Amount
Enterprise Fund Water and Sewer billings $10,000
General Fund Sanitation billings 2,000
K. ENCUMBRANCES
Encumbrances represent the estimated amount of expenditures ultimately to result when
unperformed contracts(in progress at year-end)are completed. Such encumbrances are
reported as reservations of fund balances and do not constitute expenditures or liabilities. I
3. DEPOSITS AND INVESTMENTS
At September 30, 1991, the carrying amount of the City's deposits (including TexPool) was
$4,365,391 and the bank balance was $4,665,972. Of the bank balance, $200,000 was covered
by federal depository insurance and $8,673,999 was covered by collateral held at the Federal
Reserve Bank of Dallas, Dallas, Texas, the City's safekeeping bank agent, and the State of ■
Texas TexPool in the City's name. The City has a three-party safekeeping agreement between
the City, Texas Commerce Bank - Houston and Federal Reserve Bank - Dallas. In addition,
the City has an investment agreement with the State of Texas TexPool in accordance with state
statute. The City does not carry any bank balance over and above the insured and secured
amounts.
For fiscal year 1991, the City invested only in State of Texas TexPool. TexPool is duly
chartered and administered by the State Treasurer's office and the portfolio normally consist
of U.S.T. Bills, T-notes,collateralized certificates of deposits and repurchase agreements. The
City records all interest revenue earned from investment activities in the respective funds.
-48- 1
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 10
September 30, 1991
1
3. DEPOSITS AND INVESTMENTS(continued)
State law authorizes the City to invest in:
(a) obligations of the United States or its agencies or instrumentalities;
(b) direct obligations of the State of Texas or its agencies;
(c) other obligations, the principal and interest on which are unconditionally guaranteed or
' insured by the State of Texas or the United States;
(d) obligations of state,agencies,counties,cities and other political subdivisions of any state
having been rated as to investment quality by a nationally recognized investment rating
firm and having received a rating of not less than A or its equivalent;
(e) certificates of deposit issued by state and national banks domiciled in Texas which are:
(1) guaranteed or insured by the Federal Deposit Insurance Corporation, or its
successor; or
(2) secured by obligations of paragraphs(a)to(d)above and that have a market value
of not less than the principal amount of the certificates; and
(f) fully collateralized by direct repurchase agreements.
4. FIXED ASSETS
A summary of changes in general fixed assets for the year ended September 30, 1991 follows:
Balance at Additions Retirements Balance at
Sept. 30, and and Sept. 30,
1990 Reclassification Reclassification 1991
Land $ 1,408,057 $ 5,000 $ 1,413,057
' Buildings 2,344,484 89,365 2,433,849
Improvements 11,336,893 670,987 12,007,880
Equipment 2,253,064 540,039 $ 57,143 2,735,960
Construction in
' progress 49.373 696.907 742.620 3.660
TOTAL $17.391,871 $2.002.298 1 799,763 $18,594,406
-49-
1
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 11
September 30, 1991
1
4. FIXED ASSETS(continued)
A summary of changes in Enterprise Fund fixed assets for the year ended September 30, 1991
follows:
Balance at Retirements Balance at
Sept. 30, and Sept. 30,
1990 Additions Reclassification 1991
Land $ 218,462 $ 218,462
Plant and equipment 9,187,246 $ 46,804 9,234,050
Plant and equipment-
Blackhawk 9,749,543 9,749,543 111
Water and sewer
lines 7,039,364 306,258 7,345,622
Construction in
progress 160.079 501.414 $ 311.117 350.376111
26,354,694 854,476 311,117 26,898,053
Less accumulated 1
depreciation 5,199.085 472.381 5.671.466
TOTAL $21.155.609 $382 095 $ 311,117 $21 226.587
5. COMMITMENTS
A. On October 1, 1981, the City entered into a contract with the Friendswood Volunteer 1
Fire Department, Inc. The Department shall furnish all fire suppression, rescue and
emergency medical services, utilizing apparatus and equipment owned by the City to all
persons and property located within the corporate limits of the City, or to persons and
property located outside the City when approved by Council. The City agrees to (1)
provide the fire fighting equipment and facilities for the use by the Department in
fighting fire and performing emergency medical services, (2) to provide funds for the
capital equipment,operation and maintenance of the Department in accordance with the
annual budget as approved by Council, (3)to provide dispatch services and (4)employ
paid personnel consisting of one full-time fire fighter, a part-time clerk and fund two
fire fighters, one paramedic and emergency medical technician positions through a pool
of part-time employees for and on behalf of the Department.
B. On February 22, 1985, the City entered into an agreement with Bay Area Land
Company, Ltd.(Partnership)whereby Bay Area Land Company paid the City$1,200,000
in tap revenue fees to serve property developed by Bay Area Land Company. The
$1,200,000 payment is to be repaid by the City from connection fees that are to be levied
by the City for areas within the property during the term of the utility allocations.
-50- '
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CITY OF FRIENDSWOOD, TEXAS
INOTES TO FINANCIAL STATEMENTS - 12
I
September 30, 1991
I5. COMMITMENTS (continued)
C. The City entered into a contract with Gulf Coast Waste Disposal Authority on December 12,
I 1974 to manage the Blackhawk Regional Waste Treatment Plant. The City pays its pro rata share
of the plant's operating expenses and a management fee as set by the Blackhawk Advisory
Committee. The City paid$540,686 to the Authority for operation and management services for
the year ended September 30, 1991.
ID. The City renewed a contract with Best Waste Systems, Inc. on November 1, 1987 for the
collection of garbage,trash and other refuse within the corporate limits of the City twice a week.
I The contract expires on October 31, 1993 with an option of renewal for an additional five years.
The residential collection fee is set at$7.63 plus$1.00 Recycle Fee per month. Small commercial
fees are $32.89 per month and the fee varies for commercial container pick-up as to the size of
the container.
I
E. The City entered into a cost sharing water project with the City of Houston on July 14, 1987 for
the Southeast water treatment plant. The City pays its percentage share of production operating
I and maintenance expense monthly as invoiced. For the year ended September 30, 1991 the City
paid $316,512 for its share of production operating and maintenance costs and accrued $9,913
for sludge removal.
IF. The City had the following construction commitments at September 30, 1991:
Amount
I Project Paid to
Contract Percent Sept. 30,
Project Contractor Description Amount Complete 1991
I
FM 2351 Wayne Smith New project $ 2,000 100% $ 2,000
water line & Associates required by
across State due to
Clear Creek widening of
I road.
Texas Depart- 57,662 0% 57,662
ment of Trans-
' portation
Harris County Holcombe Material and 61% 10,108
water line Brothers, service to
I Sand, Inc. , move water line
San Jacinto due to widening
Road, Boring, of FM 2351
0 & R
IUtilities
Fire hydrant In-house Install 18 50% 10,031
improve- project new fire
I ments hydrants
throughout
the City.
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-51-
II
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 13 II
September 30, 1991
II
5. COM IITMENTS(continued)
11
Amount
Paid to
Project Contract Percent Sept. 30,
Project Contractor Description Amount Complete 1991 11
Sun Meadow Bay Concrete Materials 3% 2,160
Diversion- Products
ary Outfall II
Channel
Lake Friends- No Contract Appraisal Fee 1,500
II
wood Park 40 + acre sand
pit and adjacent
land to develop
into a park. II
FM 528 New project 3% 14,508
water line required by
relocation state due to
from Sunset widening of II
to Fire road
Station ##2
Sewer line In-house Replace 8" 310 II
Dawn and sewer line
West in easement
Heritage between Dawn
and West il
Heritage •
Sewer line David Relocate sewer 274,754 80% 228,209
II
FM 2351 Wight line required
from FM 518 Construction by State due to
to Clear Co. widening of the
Creek road.
11
Central Wayne Preliminary 120,136 23% 27.547
service Smith & phase of sewer
area Assoc. improvements.
II
sewer im-
provements
$354.035,
II
1
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I
Il CITY OF FRIENDSWOOD, TEXAS
11 NOTES TO FINANCIALSTATEMENTS. 14
September 30, 1991
11
6. LONG-TERM DEBT
IILong-term debt at September 30, 1991 is comprised of the following:
/I Principal
Balance Current
Description Sept. 30. 1991 Portion
I General Obligation Bonds
Refunding Bonds, Series 1986 $ 7,365,778 $ 790,000
II Certificates of Obligation
Certificates dated December 1, 1988 due
in installments of $35,000 to $45,000
II payable on March 1 of each year with
interest at 8.375% payable each March 1
and September 1, until 1994. 130.000 40.000
I TOTAL 7,495,778 830,000
Revenue Bonds
I Waterworks and Sanitary Sewer System Revenue
Bonds, Series 1969 due in installments of
$30,000 to $50,000 through March 1, 1999,
interest at 6.125 percent, 330,000 35,000
II Waterworks and Sewer System Revenue
Bonds, Series 1979 due in installments
of $5,000 to $100,000 through March 1,
II 1996, interest at 5.50 to 6.50 percent. 405,000 100,000
Certificates of Obligation
11 Certificates dated December 1, 1988 due in
installments of $100,000 to $560,000 pay-
able on March 1 of each year with interest
at 6.9% to 8.375% payable each March 1
II and September 1, until 2004. 4.110.000
TOTAL 4.845.000 100.000
235,000
IITOTAL LONG-TERM DEBT $12,340,778. 1.065.000
11
I/
V -53-
I
CITY OF FRIENDSWOOD, TEXAS 1
NOTES TO FINANCIAL STATEMENTS- 15 1
September 30, 1991
I
6. LONG-TERM DEBT(continued)
The bond and certificate of obligation requirements of the City (general obligation and
revenue) by maturity date are as follows:
Year Ending Total 111
Sept. 30 Principal Interest Total
1992 $ 1,065,000 $ 814,627 $ 1,879,627
1993 1,130,000 740,315 1,870,315
1994 1,200,000 659,312 1,859,312
1995 1,140,000 576,613 1,716,613
1996 1,240,000 490,304 1,730,304
1997 1,320,000 395,266 1,715,266
1998 1,150,000 304,671 1,454,671
1999 1,220,000 218,634 1,438,634
2000 725,834 718,498 1,444,332
2001 505,898 242,614 748,512
2002 512,209 157,634 669,843
2003 549,993 123,238 673,231
2004 581.844 82.756 664.600
TOTAL LONG-
TERN DEBT $12 340.778 $5.524,482 17.865.260
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I
I CITY OF FRIENDSWOOD, TEXAS
11 NOTES TO FINANCIAL STATEMENTS- 16
September 30, 1991
I
6. LONG-TERM DEBT(continued)
iBond Refinancing
I In prior years, the City defeased certain outstanding general obligation and other bonds by
placing the proceeds of the new bonds in an irrevocable trust to provide for all future debt
service payments on the old bonds. Accordingly,the trust accounts and the defeased bonds are
not included in the City's financial statements. At September 30, 1991, the following
Ioutstanding bonds are considered defeased:
Outstanding
1 Series Principal
Waterworks and Sewer System Unlimited Tax Bonds, Series 1962 $ 150,000
Waterworks and Sewer System Unlimited Tax Bonds, Series 1963 10,000
General Obligation Refunding Bonds, Series 1969 34,000
Drainage Improvement Bonds, Series 1973 60,000
General Obligation Bonds, Series 1974 510,000
Street Improvement Bonds, Series 1977 940,000
General Obligation Bonds, Series 1979 160,000
Waterworks and Sewer System Combination Tax and Revenue
Bonds, Series 1964 275,000
Waterworks and Sewer System Combination Tax and Revenue
I Refunding Bonds, Series 1972 660,000
Waterworks and Sewer System Combination Tax and Revenue Bonds,
Series 1967-A 375,000
Waterworks and Sewer System Combination Tax and Revenue Bonds,
I Series 1972 400,000
Waterworks and Sewer System Combination Tax and Revenue Bonds,
Series 1974 550,000
WCID #108, Waterworks and Sewer System Combination Tax and
I Revenue Bonds, Series 1972 370,000
WCID #108, Waterworks and Sewer System Unlimited Tax and
Revenue Bonds, Series 1981 135,000
I $4,629,000
A number of limitations and restrictions are contained in the various bond ordinances. The
City has complied with all significant limitations and restrictions.
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I -55-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 17
September 30, 1991
I
6. LONG-TERM DEBT(continued)
Changes in bond, certificate of obligation and capital lease amounts of the City (general
obligation and revenue) for the year ended September 30, 1991 were as follows:
Balance at Balance at
Sept. 30, Sept. 30,
1990 Retirements 1991
General Obligation 1
Bonds $ 8,080,778 $715,000 $ 7,365,778
Certificates of
Obligation 4,365,000 125,000 4,240,000
Capital Leases 13,192 13,192 -
Revenue Bonds 865.000 130.000 735.000 1
$13,323,970 $983,192 $12 L340 i*778
7. PENSION PLAN
Plan Description 1
The City provides pension benefits for all of its full time employees through a nontraditional,
joint contributory, defined contribution plan in the state-wide Texas Municipal Retirement
System (TMRS), one of over 570 administered by TMRS, an agent multiple-employer public
employee retirement system. It is the opinion of the TMRS management that the plans in
TMRS are substantially defined contribution plans but they have elected to provide additional
voluntary disclosure to help foster a better understanding of some of the nontraditional
characteristics of the plan.
Benefits depend upon the sum of the employee's contributions to the plan, with interest, and
the city-financed monetary credits,with interest. At the date the plan began,the City granted
monetary credits for service rendered before the plan began of a theoretical amount equal to
two times what would have been contributed by the employee, with interest, prior to
establishment of the plan. Monetary credits for service since the plan began are a percent
(100%, 150%,or 200%)of the employee's accumulated contributions. In addition,the City can
grant as often as annually another type of monetary credit referred to as an updated service
credit which is a theoretical amount which, when added to the employee's accumulated
contributions and the monetary credits for service since the plan began, would be the total
monetary credits and employee contributions accumulated with interest if the current employee
contribution rate and City matching percent had always been in existence and if the employee's
11
salary had always been the average of his salary in the last three years,that are one year before
the effective date. At retirement, the benefit is calculated as if the sum of the employee's
accumulated contributions with interest and the employer-financed monetary credits with
interest were used to purchase an annuity.
-56- 1
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 18
September 30, 1991
I
7. PENSION PLAN (continued)
Plan Description (continued)
Members can retire at ages 60 and above with 10 or more years of service or with 25 years of
service regardless of age. The plan also provides death and disability benefits. A member is
vested after 10 years, but he must leave his accumulated contributions in the plan. If a member
withdraws his own money, he is not entitled to the employer-financed monetary credits, even
if he was vested. The plan provisions are adopted by the governing body of the City, within
the options available in the state statutes governing TMRS and within the actuarial constraints
also in the statutes.
Contributions
The contribution rate for the employees is 6 percent,and the City matching percent is currently
150 percent,both as adopted by the governing body of the City. Under the state law governing
TMRS, the City contribution rate is determined annually by an actuary. Part of the City
contribution rate(the normal cost)is to fund the currently accruing monetary credits, with the
other part(the prior service contribution rate)calculated as the level percent of payroll needed
to amortize the unfunded actuarial liability over the remainder of the plan's 25-year
amortization period. When the City periodically adopts updated service credits and increases
in annuities in effect, the increased unfunded actuarial liability is to be amortized over a new
25-year period. Currently,the unfunded actuarial liability is being amortized over the 25-year
period which began January, 1991. The unit credit actuarial cost method is used for
determining the City contribution rate. Contributions are made monthly by both the employees
and the City. Since the City needs to know its contribution rate in advance to budget for it,
there is a one-year lag between the actuarial valuation that is the basis for the rate and the
calendar year when the rate goes into effect.
The City's total payroll in fiscal year 1991 was $3,277,617, and the City's contributions were
based on a covered payroll of$2,955,563. Both the City and the covered employees made the
required contributions, amounting to $171,244 (3.49% of covered payroll for the months in
calendar year 1990 and 6.67% for the months in calendar year 1991) for the City and
$169,192(6%)for the employees. The City's contribution consisted of$132,405 for normal cost
and $38,839 for amortization of the unfunded acturial accrued liability. The normal cost
contribution rates for 1990 and 1991 were 2.77% and 5.13% and the rates to amortize the
unfunded acturial accrued liability 1990 and 1991 were .72% and 1.54%. The City adopted
changes in the plan since the previous actuarial valuation, which had the effect of increasing
the City's contribution rate for 1991 by 3.18% of payroll. There were no related-party
transactions.
Funding Status and Progress
Even though the substance of the City's plan is not to provide a defined benefit in some form,
some additional voluntary disclosure is appropriate due to the nontraditional nature of the
defined contribution plan which had an initial unfunded pension benefit obligation due to the
monetary credits granted by the City for services rendered before the plan began and which
can have additions to the unfunded pension benefit obligation through the periodic adoption
1 -57-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 19 1
September 30, 1991
I
7. PENSION PLAN (continued)
Funding Status and Progress (continued)
of increases in benefit credits and benefits. Statement No. 5 of the Governmental Accounting
Standards Board (GASB 5) defines pension benefit obligation as a standardized disclosure
measure of the actuarial present value of pension benefits,adjusted for the effects of projected
salary increases, estimated to be payable in the future as a result of employee service to date.
The measure is intended to help users assess the funding status of public employee pension
plans, assess progress made in accumulating sufficient assets to pay benefits when due, and
make comparisons among public employee pension plans.
The pension benefit obligation shown below is similar in nature to the standardized disclosure I
measure required by GASB 5 for defined benefit plans except that there is no need to project
salary increases since the benefit credits earned for service to date are not dependent upon
future salaries. The calculations were made as part of the annual actuarial valuation as of
December 31, 1990. Because of the money-purchase nature of the plan, the interest rate
assumption currently 8.5%per year, does not have as much impact on the results as it does for
a defined benefit plan. Market value of assets is not determined for each City's plan, but the
market value of assets for TMRS as a whole was 106.2% of book value as of December 31,
1990.
Pension Benefit Obligation I
Annuitants currently receiving benefits $ 90,655
Terminated employees 358,214
Current employees
Accumulated employee contributions including
allocated invested earnings 1,121,959
Employer-financed vested 1,118,005
Employer-financed nonvested 290.113
TOTAL 2,978,946
Net assets available for benefits, at
book value 2.223.461
UNFUNDED PENSION BENEFIT OBLIGATION $ 755,485 1
The book value of assets is amortized cost for bonds and original cost for short-term securities
and stocks. The actuarial assumptions used to compute the actuarially determined City
contribution rate are the same as those used to compute the pension benefit obligation. The
numbers above reflect the adoption of changes in the plan since the previous actuarial
valuation, which had the effect of increasing the pension benefit obligation by $417,676.
I
-58- 1
CITY OF FRIENDSWOOD, TEXAS
INOTES TO FINANCIAL STATEMENTS- 20
September 30, 1991
I
I Trend Information
NET ASSETS PENSION
AVAILABLE BENEFIT PERCENTAGE
YEAR FOR BENEFITS OBLIGATION FUNDED
I1987 $1,265,501 $1,632,280 77.53 X
1988 1,582,085 1,878,557 84.22
1989 1,866,216 2,204,025 84.67
I1990 2,223,461 2,978,946 74.64
UNFUNDED UNFUNDED PENSION
PENSION ANNUAL BENEFIT OBLIGATION
I BENEFIT COVERED
PAYROLL AS A PERCENTAGE
YEAR OBLIGATION OF COVERED PAYROLL
1987 $366,779 $2,516,687 14.57 X
I 1988 296,472 2,615,976 11.33
1989 337,809 2,617,976 12.90
1990 755,485 2,955,563 25.56
I Ten-year historical trend information presenting the TMRS progress in accumulating sufficient
assets to pay benefits when due is presented in the TMRS December 31, 1990 Comprehensive
Annual Financial Report.
I
8. INTERFUND TRANSACTION
Operating transfers during the year ended September 30, 1991 were as follows:
IAmount
Transferred
In (Out)
I General Fund
Capital Projects Fund $ (448,676)
Enterprise Fund 1.125.913
677,237
I Capital Projects Fund
General Fund 448,676
Enterprise Fund
I General Fund (1,125,913)
NET DIFFfiRENCE $ -0-
9. A. BLACKHAWK REGIONAL WASTE TREATMENT PLANT
IThe City has entered into an arrangement with the City of Houston, Harris County MUD
#55, and CDC, Inc. for operating and maintaining a joint waste treatment plant known as
I Blackhawk Regional Waste Treatment Plant. All participants share in the expenses of
operation and maintenance based on their respective percentages for use and fixed costs.
The percentages of ownership based on fund balances at September 30, 1991 are as follows:
I
City of Friendswood 52.71%
City of Houston 15.94
11 Harris County MUD #55 20.28
CDC, Inc. 11.07
100.00%
I -59-
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 21
September 30, 1991
9. A. BLACKHAWK REGIONAL WASTE TREATMENT PLANT(continued)
An annual budget of operations is submitted to the Gulf Coast Waste Disposal Authority
each year. The Gulf Coast Waste Disposal Authority is the governing authority and consists
of nine members(3 appointed by the governor, 3 appointed by the commissioners court and
3 appointed by the participants).
As of September 30, 1991 the following audited financial information was available from
the operator:
Total assets $229,426,
Total liabilities $229.426
Equity
Total revenues $824,859
Total expenses 824,859
Net (Loss) 0- 1
B. SOUTHEAST WATER PURIFICATION PLANT
The City has entered into a contract with the City of Houston for constructing, operating
and maintaining a water purification plant known as Southeast Water Purification Plant.
The City's pro rata share of the actual production construction costs of the project is 3.75
percent(3.75%). The City's pro rata share of the actual pumping construction costs is 1.33
percent (1.33%).
The City began receiving water from the plant on October 15, 1990. The City is billed on
a monthly basis for the actual gallons of water received times the City's pro rata share of
actual costs. At the end of each quarter, the City of Houston computes the total operation
and maintenance expense for the quarter just ended, recalculates the cost per one thousand
gallons and adjusts previous billings on the next invoice.
The relationship of the parties is of a fiduciary character. No partnership or joint venture
is created by this contract.
I
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CITY OF FRIENDSWOOD, TEXAS
INOTES TO FINANCIAL STATEMENTS- 22
September 30, 1991
I
I10. SEGMENT INFORMATION
The Enterprise Fund provides two services financed by user charges (water and sewer).
Segment information for the year ended September 30, 1991 follows (all non-direct revenues
Iand expenses are treated as equally shared between water and sewer system operations:
Water Sever Total
I Operating revenue $2,298,118 $1,052,194 $ 3,350,312
Operating expense 852,142 1,005.667 1.857.809
Operating income before
I depreciation 1,445,976 46,527 1,492,503
Depreciation expense 236,191 236.190 472.381
I
Net operating
income (loss) $1,209,785 $ 189663) $ 1,020.122
Non-operating income
I (loss) $ (87,453) $ (87.452) $ (174,905)
Property, plant and equipment $ * $ * $26,898,053
Less allowance for
II depreciation * * 5,671,466
$ * $21,226,587
IOther segment information is shown below:Current capital contributions $362,307 $ - $ 362,307
Property, plant and equipment
U
additions * * 353,062
Net working capital 978,816 978,815 1,957,631
Total assets * * 23,936,942
Bonds and certificates of
I
obligation * * 4,595,000
Total equity * * 18,639,039
* Not determinable
I11. CONTINGENCIES
I The City was involved in a pending lawsuit at September 30, 1991. A summary of the lawsuit
follows:
In Cause No. 90CV790, Richie James Garren v.City of Friendswood, et al filed in the District
I
Court of Galveston County, Texas, 212th Judicial District, the plaintiff has filed a personal
injury suit under the Texas Tort Claims Act resulting from an automobile accident involving
a driver of a City dump truck. The City's general liability insurance carrier has assumed the
Idefense of said case and an evaluation of $60,000 as to this claim is appropriate.
I -61-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 23
September 30, 1991
' 13. IMPACT FEES(continued)
The following is a summary of the Impact Fees that apply on a City Wide basis and for each
of the designated service areas. The fees represent the charge for a single equivalent service
unit as defined in the Capital Improvement Plan.
City Wide Impact Fees
Surface Water Facilities
Surface water capacity $ 531
Transmission/pumping/storage 157
System wide improvements 23
1 711
Wastewater treatment facilities 122
Impact fee/CIP study 7
TOTAL CITY WIDE IMPACT FEE 840
Water Distribution Impact Fees
' Melody Lane Water System $ 854
Bay Area Boulevard Water System $ 294
Central Service Area Water System $ 358
Wastewater Collection Impact Fees
Melody Lane wastewater system $ 450
Central Service Wastewater System:
Segment A $ 830
Segment B $ 618
' Segment C $ 397
Segment D $ 234
Segment E $ 186
Mills, Murphy, Briarmeadow Avenue $2,532
The impact fees are deposited into a separate,interest bearing bank account in compliance with
the referenced legislation and transferred to the enterprise cash account as needed. The impact
' fees and interest income for each service area are maintained in separate equity schedules.
Interest is applied based on a percentage of the daily equity balance of each service area.
I
1
' -62(A)-
I
a
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS -24 1
September 30, 1991
I
13. IMPACT FEES(continued) '
The portion of City Wide Impact Fees collected for Surface Water Facilities are used to meet
the current debt service obligations for the 1988 Certificates of Obligations issued to fund the
surface water facilities capital improvements. The remaining City Wide Impact Fees collected I
for Wastewater Treatment Facilities and Impact Fee\CIP Study are used to fund other water
and wastewater system improvements. All Impact Fees collected for specific service areas are
used to fund new capital improvements for the designated service areas. A summary of changes I
in equity for each service area for the year ended September 30, 1991 follows:
Central Central
Surface Service Service Other Surface
Water Area: Area: Water and Water
Facilities Water Wastewater Wastewater Debt
Improvements Improvements Improvements Improvements Service Total
Impact fees $ 145 $12,888 $73,222 $ 41,778 $ 234,274 $362,307
Interest earned 716 249 3.573 5,787 20.676 31,001
Total Impact FeesII
and Interest
Earned 861 13,137 76,795 47,565 254,950 393,308
Reimbursements for IIsystem wide
improvements 8,781 8,781
FM 528 distribution IIand collection
line improvements 66,586 66,586
Engineering 27,119 27,119
Financing costs 182 182
Debt service 360.986 360.986 II
Total Improvements
and Debt Service 8,781 -0- 27,301 66,586 360,986 463,654 11
Total Impact Fees II
and Interest Earned
Over Improvements
and Debt Service II7,920) 13,137 49,494 (19,021) (106,036) (70,346)
Beginning equity
balance 8,153 -0- 18.035 48.992 243.854 _319.034 II
ENDING EQUITY
BALANCE 233 $13.137 $67.529, S 29.971 S137.818 $248.688,
II
II
-62(B)- II
I
I
CITY OF FRIENDSWOOD, TEXAS
INOTES TO FINANCIAL STATEMENTS- 25
September 30, 1991
I14. RESTATEMENT
Certain account balances for the year ended September 30, 1990 fiscal year report have been
I
restated, including (1) receipts from United States Marshal's office reallocated from General
Fund to Special Revenue Fund and (2) fines and forfeitures received but not recorded as
revenue in the prior year. The effect of such restatements are as follows:
IAs Reported As Restated
GENERAL FUND
I Assets
Cash - including certificates of deposit $1,596,828 $1,585,349
Liabilities
I Accounts payable 194,601 193,740
Deferred revenue 287,197 287,335
Fund Balances
I Unreserved
Undesignated 461,976 451,220
IPOLICE INVESTIGATION FUND
Assets
Cash - restricted - 11,479
IFund Balances
Unreserved - 11,479
I
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I -62(C)-
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I COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
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-64-
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I
GENERAL FUND
IThe General Fund accounts for the resources used to finance the
fundamental operations of the City. It is the basic fund of the City
I and covers all activities for which a separate fund has not been
established.
I
I
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I -6 5-
1
II CITY OF FRIENDSWOOD TEXAS
I
GENERAL FUND EXHIBIT A 1
COMPARATIVE BALANCE SHEETS
IISeptember 30, 1991 and 1990
II 1991 1990
ASSETS
1 Cash - including certificates of deposit $2,062,105 $1,585,349
Receivables - net, where applicable of
II allowances for doubtful accounts
Property taxes 247,434 271,665
Accounts 100,108 51,865
Interest 166 -
IIDue from other funds - -
Prepaid expenditures 118.293 53.784
I
LIABILITIES AND FUND BALANCES TOTAL ASSETS $2.528.106 $1.962.663
I
Accounts payable $ 226,912 $ 193,740
Compensated absences 486,295 434,179
I
Accrued expenditures 116,421 87,806
Deferred revenue 263,481 287,335
II Due to other funds - -
TOTAL LIABILITIES 1,093,109 1,003,060
Reserved for prepaid expenditures 118,293 53,784
IIReserved for encumbrances 316,668 54,372
I
Reserved for programs 252 227
Unreserved
Designated for emergency operations 600,000 400,000
Undesignated 399.784 451.220
IITOTAL FUND BALANCES 1.434.997 959.603
TOTAL LIABILITIES AND FUND BALANCES $2.528.106 $1.962.663
I
II
II
I -67-
CITY OF FRIENDSWOOD TEXAS II
GENERAL FUND EXHIBIT A 2II
STATEMENT OF REVENUES AND EXPENDITURES- BUDGET AND ACTUAL
September 30, 1991 and 1990 II
1991 II
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUALII
REVENUES
Taxes11
General property $3,385,770 $3,477,872 $ 92,102 $3,506,989
Sales 665,644 739,216 73,572 689,576
Franchise 408,400 456,566 48,166 419,062
Other 800 3.509 2.709 751II
4,460,614 4,677,163 216,549 4,616,378
Sanitation 664,157 733,245 69,088 595,244
II
Fines and forfeitures 193,481 166,355 (27,126) 166,982
Licenses and permits 180,882 286,421 105,539 240,294
Donations 4,298 2,951 (1,347) 3,496 II
Inter-governmental 31,153 28,641 (2,512) 50,984
Interest 162,019 203,688 41,669 187,186 II
Other 47.386 63.098 15.712 49.690
TOTAL REVENUE 5,743,990 6,161,562 417,572 5,910,254 II
EXPENDITURES
General government 1,271,058 1,085,683 185,375 1,258,050 II
Public safety 2,673,009 2,425,174 247,835 2,147,250
Public works 1,418,068 1,521,841 (103,773) 1,196,889
Community development 292,355 282,101 10,254 275,218II
Community services 1.051.976 1.048.606 3.370 944.848
TOTAL EXPENDITURES 6,706,466 6,363,405 343,061 5,822,255
REVENUES OVER (UNDER) II
EXPENDITURES (962,476) (201,843) 760,633 87,999
OTHER FINANCING SOURCES (USES)
Operating transfers in 1,125,913 1,125,913 - 351,793 II
Operating transfers out (454.056) (448.676) 5.380 (287.189)
TOTAL OTHER FINANCING
SOURCES (USES) 671.857 677.237 5.380 64.604II
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER USES $ (290.619) $ 475.394 $ 766.013 $ 152.603II
-68- 1
II
I!
CITY OF FRIENDSWOOD, TEXAS
IIGENERAL FUND EXHIBIT A-3
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL-
IIBY FUNCTION 1 of 2
Year ended September 30, 1991
II
11 1991
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
General Government
Mayor and council $ 18,558 $ 18,708 $ (150) $ 17,424
City secretary 103,599 101,553 2,046 94,477
11 City manager 174,391 172,670 1,721 103,639
Finance 254,432 251,579 2,853 194,699
Data processing 272,697 201,850 70,847 114,931
Municipal courts 112,430 68,244 44,186 72,667
Administration 334,951 271.079 63.872 660.213
11 Total General Government 1,271,058 1,085,683 185,375 1,258,050
Public Safety
Police 1,693,418 1,715,094 (21,676) 1,465,667
II Communications 238,615 197,331 41,284 174,325
Emergency management 12,633 9,746 2,887 32,356
Animal control 65,193 61,792 3,401 59,036
Fire 577,110 351,812 225,298 359,580
11 Fire marshal 86.040 89.399 (3.359) 56.286
Total Public Safety 2,673,009 2,425,174 247,835 2,147,250
Public Works
II Administration 124,962 123,648 1,314 102,448
Streets 528,766 542,833 (14,067) 402,637
Drainage 116,828 124,650 (7,822) 98,985
Sanitation 647.512 730.710 (83.198) 592.819
11 Total Public Works 1,418,068 1,521,841 (103,773) 1,196,889
Community Development
Administration 70,204 70,603 (399) 56,609
11 Planning and zoning 59,379 57,808 1,571 49,134
Engineering 46,374 39,153 7,221 86,484
Inspection 116.398 114.537 1.861 82.991
Total Community Development 292,355 282,101 10,254 275,218
II
11
11
II
II
-69-
IN
•
CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND EXHIBIT A 3
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL-
BY FUNCTION 2 of 2 U
Year ended September 30, 1991
Nl
1991 OP
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
PP
Community Services
Library 285,045 295,344 (10,299) 343,785
Parks and recreation 333,951 325,535 8,416 233,422
Community activities 70,959 75,826 (4,867) 71,346
Swimming pool 72,705 75,012 (2,307) 61,035 OP
Building operations 223,661 211,888 11,773 197,260
Health services 65.655 65.001 654 38.000
Total Community Services 1,051,976 1,048,606 3,370 944,848
PP
TOTAL EXPENDITURES $6,706,466 $6,363,405 $ 343,061 $5,822,255
Total Expenditures Before
Capital Outlays $6,002,114 $5,998,877 $ 3,237 $5,477,791 1111
Capital outlays 704.352 364.528 339.824 344,464
TOTAL EXPENDITURES $6,706,466 $6,363,405 $ 343,061 $5,822,255
0
Y
0
r
r
-70-
11
II CITY OF FRIENDSWOOD, TEXAS
IIGENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 1 of 6
IIYear ended September 30, 1991
II 1991
VARIANCE-
, FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
GENERAL GOVERNMENT
II Mayor and Council
Personal services $ 28 $ 28 $ $
Supplies 2,235 3,189 (954) 881
Other services and
I
charges 16.295 15,491 804 16,543
18,558 18,708 (150) 17,424
City Secretary
Personal services 79,688 77,277 2,411 65,489
I
Supplies 2,779 2,877 (98) 2,892
Other services and
charges 17,415 17,630 (215) 19,748
Maintenance 3,275 3,769 (494) 1,555
Capital outlay 442 - 442 4,793
II103,599 101,553 2,046 94,477
City Manager
Personal services 141,699 141,192 507 89,750
I
Supplies 3,500 2,923 577 3,323
Other services and
charges 11,250 9,973 1,277 10,251
Maintenance 942 1,514 (572) -315
Capital outlay 17.000 17.068 (68)
174,391 172,670 1,721 103,639
Finance
II
Personal services 222,746 219,311 3,435 173,217
Supplies 5,858 7,210 (1,352) 3,245
Other services and
charges 25,403 24,593 -810 15,433
Maintenance 425 465 (40) 404
Capital outlay 2,400
254,432 251,579 2,853 194,699
II Data Processing
Personal services 32,643 32,389 254 29,461
Supplies 11,021 10,476 545 15,720
Other services and
charges 10,548 5,100 5,448 6,332
Maintenance 56,359 26,097 30,262 26,434
Capital outlay 162.126 127,788 34.338 36,984
272,697 201,850 70,847 114,931
II
II
II -71-
11
CITY OF FRIENDSWOOD, TEXAS II
GENERAL FUND EXHIBIT A-4
II
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL- BY OBJECT 2 of 6
Year ended September 30, 1991 II
1991 II
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL11
GENERAL GOVERNMENT (continued)
Municipal Courts
Personal services 103,695 63,960 39,735 66,739II
Supplies 4,815 1,820 2,995 3,586
Other services and
charges 3,770 2,314 1,456 2,179
Maintenance 150 150 - 163II
112,430 68,244 44,186 72,667
Administration I
Personal services 25 - 25 -
Supplies 1,750 880 870 625
Other services and
charges 333,176 268,399 64,777 659,588 IICapital outlay - 1.800 (1.800)
334.951 271.079 63.872 660.213
TOTAL GENERAL GOVERNMENT1,271,058 1,085,683 185,375 1,258,050 IIPUBLIC SAFETY
Police Services
Personal services 1,446,606 1,453,409 (6,803) 1,232,938 IISupplies 65,005 74,275 (9,270) 62,558
Other services and
charges 65,638 63,409 2,229 38,795
Maintenance 59,366 66,482 (7,116) 63,608 IICapital outlay 56.803 57.519 (716) 67.768
1,693,418 1,715,094 (21,676) 1,465,667
Communications IIPersonal services 190,922 189,409 1,513 169,155
Supplies 2,690 2,111 579 2,122
Other services and
charges 3,217 3,261 (44) 1,008
Maintenance 2,775 2,550 225 2,04011
Capital outlay 39.011 - 39.011 -
238,615 197,331 41,284 174,325
Emergency Management IIPersonal services 3,009 1,151 1,858 2,665
Supplies 2,225 1,346 879 1,697
Other services and
charges 4,394 2,546 1,848 1,691II
Maintenance 3,005 4,703 (1,698) 3,394
Capital outlay - - - 22.909
12,633 9,746 2,887 32,356
II
-72 II
-
I
I CITY OF FRIENDSWOOD, TEXAS
IGENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 3 of 6
IIYear ended September 30, 1991
II 1991
VARIANCE-
I FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
PUBLIC SAFETY (continued)
I Animal Control
Personal services 50,359 52,103 (1,744) 41,830
Supplies 7,998 5,426 2,572 8,153
Other services and
I charges 3,554 2,630 924 1,077
Maintenance 2,400 883 1,517 1,437
Capital outlay 882 750 132 6.539
65,193 61,792 3,401 59,036
I Fire/EMS
Personal services 130,789 124,883 5,906 95,853
Supplies 56,050 - 56,050 8,515
II Other services and
charges 75,005 217,288 (142,283) 186,165
Maintenance 61,300 121 61,179 -
Capital outlay 253.966 9.520 244,446 69.047
577,110 351,812 225,298 359,580
II Fire Marshall
Personal services 49,630 49,837 (207) 43,791
I Supplies 4,790 4,010 780 5,146
Other services and
charges 5,198 6,824 (1,626) 4,754
Maintenance 975 1,499 (524) 2,595
I Capital outlay 25.447 27,229 (1.782) -
86.040 89.399 (3.359) 56.286
TOTAL PUBLIC SAFETY 2,673,009 2,425,174 247,835 2,147,250
PUBLIC WORKS I
Administration
Personal services 118,837 118,694 143 98,620
Supplies 2,683 2,771 (88) 2,509
Other services and
I charges 2,567 1,467 1,100 479
Maintenance 875 716 159 840
Capital outlay - - - -
i 124,962 123,648 1,314 102,448
Streets
Personal services 233,833 236,579 (2,746) 181,023
I Supplies 74,720 62,296 12,424 48,427
Other services and
charges 130,413 148,250 (17,837) 122,048
Maintenance 52,450 56,888 (4,438) 51,139
II Capital outlay 37.350 38.820 (1.470) -
528,766 542,833 (14,067) 402,637
I -73-
I
CITY OF FRIENDSWOOD, TEXAS 11
GENERAL FUND EXHIBIT A-4
II
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 4 of 6
Year ended September 30, 199111
1991 11
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
II
PUBLIC WORKS (continued)
Drainage
Personal services 98,078 97,596 482 80,578
II
Supplies 500 327 173 440
Maintenance 16,100 22,792 (6,692) 17,863
Other services and
charges 250 135 115 104
II
Capital outlay 1.900 3.800 (1.900) -
116,828 124,650 (7,822) 98,985
Sanitation II
Supplies - 331 (331) -
Other charges and
services 647.512 730.379 (82.867) 592.819
647,512 730,710 (83,198) 592,819 II
TOTAL PUBLIC WORKS 1,418,068 1,521,841 (103,773) 1,196,889
COMMUNITY DEVELOPMENT
II
Administration
Personal services 68,034 68,787 (753) 55,730
Supplies 350 355 (5) 354
Other services and IIcharges 1,820 1,279 541 525
Maintenance - 182 (182)
70,204 70,603 (399) 56,609
Planning & Zoning II
Personal services 56,412 56,073 339 47,282
Supplies 1,000 884 116 1,037
Other services and
charges 1,667 511 1,156 500 II
Maintenance 300 340 (40) 315
Capital outlay - - - -
59,379 57,808 1,571 49,134 1
Engineering
Personal services 32,625 32,483 142 42,830
Supplies 2,975 3,473 (498) 1,563
II
Other services and
charges 9,724 2,198 7,526 36,179
Maintenance 1,050 999 51 917
Capital outlay - - - 4.995
11
46,374 39,153 7,221 86,484
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CITY OF FRIENDSWOOD, TEXAS
IIGENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 5 of 6
II
Year ended September 30, 1991
II
1991
II
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
COMMUNITY DEVELOPMENT (continued)
II Inspection
Personal services 104,448 101,845 2,603 75,346
Supplies 2,470 3,231 (761) 3,528
Other services and
II charges 4,256 4,367 (111) 2,418
Maintenance 5.224 5,094 130 1.699
116.398 114.537 1.861 82,991
II TOTAL COMMUNITY
DEVELOPMENT 292,355 282,101 10,254 275,218
COMMUNITY SERVICES
II Library
Personal services 225,829 229,349 (3,520) 198,620
Supplies 50,867 55,873 (5,006) 51,984
Other charges and
11 services 6,679 9,186 (2,507) 16,007
Maintenance 1,000 936 64 728
Capital outlay 670 - 670 76.446
285,045 295,344 (10,299) 343,785
IIParks and Recreation
Personal services 142,900 145,188 (2,288) 109,948
Supplies 26,993 25,279 1,714 21,559
11 Other charges and
services 60,032 66,444 (6,412) 47,878
Maintenance 23,780 27,953 (4,173) 20,277
Capital outlay 80.246 60.671 19.575 33.760
11 333,951 325,535 8,416 233,422
Community Activities
Personal services 24,061 24,880 (819) 22,933
11 Supplies 16,828 15,311 1,517 12,142
Other charges and
services 26,490 32,575 (6,085) 28,711
Maintenance 3,580 1,039 2,541 3,655
11 Capital outlay - 2.021 (2.021) 3.905
70,959 75,826 (4,867) 71,346
Swimming Pool
11 Personal services 41,899 46,131 (4,232) 40,423
Supplies 8,444 7,876 568 7,588
Other charges and
services 6,320 5,530 790 5,738
II Maintenance 13,642 13,380 262 4,040
Capital outlay 2.400 2.095 305 3.246
72,705 75,012 (2,307) 61,035
II
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CITY OF FRIENDSWOOD, TEXAS
U
GENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 6 of 6
11,1
Year ended September 30, 1991
OP
ft
1991
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
COMMUNITY SERVICES (continued)
Building Operations IP
Personal services 27,848 28,525 (677) 24,741
Supplies 8,320 5,287 3,033 11,809
Other charges and
services 140,582 142,228 (1,646) 129,116 OP
Maintenance 20,802 20,401 401 19,922
Capital outlay 26.109 15.447 10.662 11.672
223,661 211,888 11,773 197,260
Health Services
Personal services 23,963 23,470 493 -
Other Charges and
Services 41.692 41.531 161 38.000 OP
65,655 65,001 654 38,000
TOTAL COMMUNITY
SERVICES 1,051,976 1,048,606 3,370 944,848
TOTAL EXPENDITURES '6,706,466 $6,363,405 $ 343,061 $5,822,255
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ISPECIAL REVENUE FUNDS
I These funds are used to account for the proceeds of specific revenue sources
that are legally restricted to financing specified purposes. The following
describes the various types of Special Revenue Funds used by the City:
IParks and Recreation Reserve Fund
This fund receives donations that are restricted for the use of the parks and
Irecreation programs of the City.
Mowing Liens Fund
IThis fund records revenues and expenditures in connection with the filing of
liens on property where the owner has failed to comply with the mowing
ordinance.
IFire/EMS Donation Fund
IThis fund receives donations that are restricted for Fire/EMS capital outlays.
Police Investigation Fund
IThis fund receives funds that are restricted to police investigation.
Fine Arts Council Fund
IThis fund accounts for the City's support of the Friendswood Fine Arts
Council and its programs for the citizens of the City.
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
September 30, 1991 11
POLICE PARRS AND
INVESTIGATION RECREATION MOWING
ASSETS I
Cash - including restricted
cash $11,324 $2,212 $11,936
Accounts receivables
Liens 22,250
Interest receivable 1
TOTAL ASSETS $11.325 $2.212 $34.186
LIABILITIES AND FUND BALANCES I
LIABILITIES
Accounts payable $ 2,200 $ 146 1
Deferred revenue
liens receivable 22,250
TOTAL LIABILITIES 2,200 22,396
FUND BALANCES 11Reserved for encumbrances 63
Reserved for pools 2,212
Unreserved 9.125 11.727
TOTAL FUND BALANCES 9.125 2.212 11.790
TOTAL LIABILITIES AND 11
FUND BALANCES $11,325 $2,212 $34,186
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EXHIBIT B-1
I
' FIRE/EMS TOTAL
DONATIONS 1991 1990
I
$48,558 $74,030 $54,166
22,250 22,221
4 5$48,562 $96,285 $76,387
I
$ 117 $ 2,463 $ 190
22,250 22,221
117 24,713 22,411
63 9,000
2,212 2,052
48,445 69,297 42,924
48.445 71.572 53,976
$48,562 $96,285 $76,387
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUNDS EXHIBIT B-2 11
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
Year ended September 30, 1991
PARKS AND POLICE FIRE/EMS TOTAL
RECREATION MOWING INVESTIGATION DONATIONS 1991 1990 11
REVENUES
Donations $53,644 $53,644 $51,793
Interest $ 160 $ 2,194 $ 484 2,072 4,910 4,174
Other 8.883 10.949 19.832 9.957
TOTAL REVENUES 160 11,077 11,433 55,716 78,386 65,924
EXPENDITURES I
Public safety 13,787 39,603 53,390 26,435
Community development 7,400 7,400 6,505
Community services 4.200
TOTAL EXPENDITURES 7,400 13,787 39,603 60,790 37,140 II
REVENUES UNDER
EXPENDITURES 160 3,677 (2,354) 16,113 17,596 28,784 II
OTHER FINANCING
SOURCES (USES)
Operating transfers
in
Operating transfers
out - 3 045) II
TOTAL OTHER FINANCING
SOURCES (USES) - (3.045)
REVENUES AND OTHER I
SOURCES OVER (UNDER)
EXPENDITURES AND
OTHER USES 160 3,677 (2,354) 16,113 17,596 25,739 11
Fund balances at
beginning of year 2.052 8.113 11.479 32.332 53.976 28.237
FUND BALANCES AT
END OF YEAR la,g2 11 790 ,$ 9,125 48 445 $71,572 $3,976 II
11
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-3
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash - restricted - including
certificate of deposit $2,212 $2,052
TOTAL ASSETS §2,212 $2,052
FUND BALANCES
Reserved for pool expenditures $2.212 $2.052
TOTAL FUND BALANCES 2 212 $2,052
-81-
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CITY OF FRIENDSWOOD, TEXAS
0
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-4
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1991
111
1991
OP
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES P
Interest income $ 77 $ 160 $ 83 $ 407
OP
TOTAL REVENUES 77 160 83 407
EXPENDITURES
OP
Community services
Parks and recreation - - - 4,200
REVENUES UNDER EXPENDITURES - - - (3,793)
OP
OTHER FINANCING USES
Operating transfers out - - - (1.984)
REVENUES OVER EXPENDITURES
AND OTHER USES 77 160 $ 83 (5,777)
Fund balances at beginning
of year 2,052 7,829
FUND BALANCES AT
END OF YEAR S2.212 $$2.052
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-5
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
11 ASSETS
Cash - including restricted cash $11,936 $ 8,303
Accounts receivable - liens 22.250 22,221
TOTAL ASSETS 34.186 $30.524
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable $ 146 $ 190
Deferred liens receivable 22.250 22.221
TOTAL LIABILITIES 22,396 22,411
FUND BALANCES
Reserved for encumbrances 63
Unreserved 11.727 8.113
TOTAL LIABILITIES AND
FUND BALANCES 5W 4.186 $30.524
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CITY OF FRIENDSWOOD, TEXAS 111
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-6 I
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1991
1
1991
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
Interest $ 265 $ 2,194 $1,929 $ 1,392
Other revenue 4.000 8.883 4.883 7.533
TOTAL REVENUES 4,265 11,077 6,812 8,925 1
EXPENDITURES
Community Development
Inspections
Supplies 530 388 142 359
Services - other charges 7.350 7.012 339 6.146
TOTAL EXPENDITURES 7.880 7,400 481 6,505
REVENUES OVER
(UNDER) EXPENDITURES $(3.615) 3,677 $7 293 2,420
Fund balance at beginning
of year 8,113 5,693
FUND BALANCE AT
END OF YEAR 11 790 8 113
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (POLICE INVESTIGATION FUND) EXHIBIT B-7
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990
1991 1990
ASSETS
Cash - restricted $11,324 $11,479
ACCOUNT RECEIVABLE
Interest receivable 1
TOTAL ASSETS $11,325 $11.479
LIABILITIES AND FUND BALANCE
LIABILITIES Accounts payable $ 2.200 $ -
TOTAL LIABILITIES 2,200 -
FUND BALANCES
Unreserved 9.125 11.479
TOTAL LIABILITIES AND
111 FUND BALANCES $11,325 $11.479
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CITY OF FRIENDSWOOD, TEXAS I
SPECIAL REVENUE FUND (POLICE INVESTIGATION FUND) EXHIBIT B-8
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1991
I
1991
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
U.S. Marshal revenue $10,949 $10,949 $ - $ -
Interest 586 484 (102) 1,188
Other - - - 2,424
TOTAL REVENUES 11,535 11,433 (102) 3,612
EXPENDITURES
Public safety
Police
Supplies 3,306 3,306 - -
Services and other charges 1,831 1,831 - -
Maintenance - - - 1,386
Capital outlay 8.650 8.650 - 4,401
TOTAL EXPENDITURES 13.787 13.787 - 5.787 1
REVENUES OVER
(UNDER) EXPENDITURES (2,252) 2 354) $ (102) (2,175)
Fund balance at beginning
of year 11.479 13.654
FUND BALANCE AT
END OF YEAR $ 9,125 $11,479
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (FIRE/EMS DONATIONS) EXHIBIT B-9
COMPARATIVE BALANCE SHEET
September 30, 1991 and 1990
1991 1990
ASSETS
Cash - restricted $ 48,558 $ 32,332
ACCOUNTS RECEIVABLE
Interest 4
TOTAL ASSETS $ 48,562 $ 32,332
LIABILITIES AND FUND BALANCE
LIABILITIES Accounts payable $ 117 $ -
TOTAL LIABILITIES 117 -
FUND BALANCES
Reserve for encumbrances - 9,000
Unreserved 48.445 23.332
TOTAL LIABILITIES AND
FUND BALANCES $ 48,562 $ 32.332
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (FIRE/EMS DONATIONS) EXHIBIT B-10 1
STATEMENT OF REVENUE, EXPENDITURES AND
CHANGES IN FUND BALANCE- BUDGET AND ACTUAL
111
Year ended September 30, 1991
1991
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
Donations $47,000 $53,644 $6,644 $51,793
Interest 210 2,072 1,862 1,187
TOTAL REVENUE 47,210 55,716 8,506 52,980 i
EXPENDITURES
Public Safety 11
Fire/EMS
Capital outlay 39.801 39,603 198 20.648
REVENUES AND OTHER SOURCES 11
OVER (UNDER) EXPENDITURES 7 409 16,113 $8,704 32,332
Fund balance at beginning I
of year 32,332 -0-
FUND BALANCE AT END OF YEAR $48,445 $32,332
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I CITY OF FRIENDSWOOD, TEXAS
ISPECIAL REVENUE FUND (FINE ARTS FUND) EXHIBIT B-11
STATEMENT OF REVENUE, EXPENDITURES AND
ICHANGES IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1991
I
1991
I VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
IREVENUES
Interest $ -0- $ -0- $ -0- $ -0-
Other - - - -
ITOTAL REVENUES - - - -
IEXPENDITURES Community Services - - -
-
I REVENUE OVER - -
(UNDER) EXPENDITURES - -
OTHER FINANCIAL USES
IOperating transfers out - - - (1,061)
REVENUE OVER EXPENDITURES
I AND OTHER USES $ _0_ - $ -0- (1,061)
Fund balances at beginning of year 1.061
I
FUND BALANCES AT END OF YEAR $ -0- $ _0-
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I -89-
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IDEBT SERVICE FUND
This fund is used to account for the accumulation of
I
resources and for the payment of principal and interest
on general long-term debt of the City.
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I -91-
e
CITY OF FRIENDSWOOD TEXAS
DEBT SERVICE FUND EXHIBIT C-1
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990 1
1991 1990
ASSETS
Cash - including certificate of deposit $ 50,852 $ 57,045
Taxes receivable 92,297 100,221
Interest receivable 4 -
Other accounts receivable - 263
TOTAL ASSETS $143,153 $157.529
LIABILITIES AND FUND BALANCES
LIABILITIES
Deferred revenue $ 92,297 $100,221 '
FUND BALANCES
Unreserved
Designated for debt service 50.856 57.308
TOTAL LIABILITIES AND FUND BALANCES 143 153 $157,529 '
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CITY OF FRIENDSWOOD, TEXAS
IIDEBT SERVICE FUND EXHIBIT C-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IIIN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1991
II
11 1991
VARIANCE-
FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
11 REVENUES
II Taxes $1,224,307 $1,271,301 $ 46,994 $1,050,144
Interest 17.901 24.175 6.274 30.968
TOTAL REVENUES 1,242,208 1,295,476 53,268 1,081,112
II EXPENDITURES
Principal Retirement
Tax and revenue bonds 715,000 715,000 - 670,000
II Capital leases 13,192 13,192 - 16,245
Certificate of obligation 35,000 35.000 - 35.000
763,192 763,192 - 721,245
I Interest and fiscal charges
Tax bonds 514,106 514,106 - 556,550
Certificates of obligation 12,353 12,353 - 15,284
Capital leases 994 994 - 3,338
II Pearland contract 7,000 9,972 (2,972) 6,354
Paying agent fees 3,200 1.311 1 889 1.826
537,653 538,736 (1,083) 583,352
11 TOTAL EXPENDITURES 1.300,845 1.301.928 (1.083) 1.304.597
REVENUES (UNDER)
EXPENDITURES $ (58,637) (6,452) $ 52,185 (223,485)
11 Fund balances at beginning of
year 57.308 280.793
11 FUND BALANCES
AT END OF YEAR $ 50.856 $ 578
11
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' CAPITAL PROJECTS FUND
This fund is used to account for financial resources to
' be used for the acquisition and construction of major
capital facilities.
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CITY OF FRIENDSWOOD, TEXAS
CAPITAL PROJECTS FUND EXHIBIT D-1
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990 '
1991 1990
ASSETS
Cash - including certificates of deposit $428,365 $626,437
Restricted cash - including certificates of
deposit - -
Accounts Receivable
Interest receivable 22
TOTAL ASSETS 428 387 $626,437
LIABILITIES AND FUND BALANCES '
LIABILITIES
Accounts payable $ 72,842 $ 40,232
Accrued expenses 535 -
TOTAL LIABILITIES 73,377 40,232
FUND BALANCES 1
Reserved for encumbrances 191,116 231,550
Unreserved
Designated for construction 163,894 354,655
TOTAL FUND BALANCES 355,010 586,205
TOTAL LIABILITIES AND FUND BALANCES $428,387 626 437
11
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I CITY OF FRIENDSWOOD, TEXAS
IICAPITAL PROJECTS FUND EXHIBIT D-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
I
IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1991
1
1991
I VARIANCE-
FAVORABLE 1990
ACTUAL
BUDGET (UNFAVORABLE) ACTUAL
IIREVENUES
Interest $ 19,620 $ 30,384 $ 10,764 $ 43,121
I
Other - - - 171
TOTAL REVENUES 19,620 30,384 10,764 43,292
I
EXPENDITURES - CAPITAL OUTLAYS
Public Works
Streets 684,109 570,487 113,622 10,540
Drainage 265.199 29.335 235,864 3.400
' 949,308 599,822 349,486 13,940
Parks and Recreation
Other services and charges 61,561 61,420 141 -
' 61,561 61,420 141 -
Public Facilities
Building improvements 49.013 49.013 - 57.646
I
49.013 49,013 - 57,646
TOTAL EXPENDITURES -
CAPITAL OUTLAYS 1.059.882 710.255 349.627 71.586
I REVENUES UNDER
EXPENDITURES (1,040,262) (679,871) 360,391 (28,294)
II OTHER FINANCING SOURCES (USES)
Operating transfers in 454,056 448,676 5,380 287,189
Certificates of obligation
proceeds - - - -
I REVENUES AND OTHER
SOURCES UNDER EXPENDITURES $ (586,206) (231,195) 055.011 258,895
I
Fund balances at beginning
of year 586,205 327,310
FUND BALANCES AT
IIEND OF YEAR 1 355,01O $586,205
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ENTERPRISE FUND
The Enterprise Fund is established to account for operations which are
intended to be self-supporting through user charges. The City of
Friendswood operates the water and sewer system on this basis.
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CITY OF FRIENDSWOOD, TEXAS II
ENTERPRISE FUND (WATER AND SEWER) I
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990 II
1991 1990 I
ASSETS
CURRENT ASSETS 11
Cash - including certificates of deposit $ 1,570,104 $ 1,812,353
Accounts receivable - less allowance
for uncollectibles 524,342 416,66811
Accrued interest 158 25,683
Prepaid expenses 11.899 5.896
TOTAL CURRENT ASSETS 2,106,503 2,260,600 II
RESTRICTED ASSETS
Cash - including certificates of deposit 453,751 546,518 IIBlackhawk operating fund equity 120.436 109.279
TOTAL RESTRICTED ASSETS 574,187 655,797
PROPERTY, PLANT AND EQUIPMENT - at cost II
Land 218,462 218,462
Buildings, improvements and equipment 26,329,215 25,976,153
Construction in progress 350.376 160.079
26,898,053 26,354,694II
Less allowance for depreciation 5.671.466 5.199.085
TOTAL PROPERTY, PLANT AND EQUIPMENT 21,226,587 21,155,609 II
OTHER ASSETS
Unamortized certificate of obligation
costs 29,665 31,948II
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TOTAL ASSETS $23.936,942 $24.103.954
II
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IIEXHIBIT E-1
11
II1991 1990
LIABILITIES AND FUND EQUITY
I LIABILITIES
Current liabilities (payable from
II current assets)
Accounts payable $ 256,336 $ 90,860
Compensated absences 48,700 41,248
Accrued expenses 16,741 12,917
Contracts payable 22.095 26.351
II Current liabilities (payable from 343,872 171,376
restricted assets)
Accrued interest 28,966 30,247
II Current portion of long-term debt 235,000 220,000
Deposits 80,065 48,320
Impact fee refunds payable - 227.484
344,031 526,051
IILong-term liabilities
Certificates of obligation 4,110,000 4,200,000
Revenue bonds 735.000 865.000
11 Less current portion 4,845,000 5,065,000 235,000 220.000
4.610.000 4.845.000
TOTAL LIABILITIES 5,297,903 5,542,427
11 FUND EQUITY '
Contributed capital
Municipality - 13,301,153
II Developers/customers 13.964.869 305.508
13,964,869 13,606,661
Retained earnings
Reserved for revenue bond retirement 401,860 208,320
11 Reserved for construction 863,992 932,079
Unreserved 3.408.318 3.814.467
I TOTAL
RETAINED EARNINGS 4,674.170 4.954.866
TOTAL FUND EQUITY 18.639.039 18.561.527
TOTAL LIABILITIES AND FUND EQUITY $23,936,942 $24.103.954
II
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CITY OF FRIENDSWOOD, TEXAS II
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-2
II
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS-
BUDGET AND ACTUAL I
Year ended September 30, 1991
II
1991
VARIANCE-
FAVORABLE 1990II
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Operating revenues
Water charges $ 2,271,901 $ 2,286,785 $ 14,884 $2,409,020II
Sewer charges 1,041,740 1,029,185 (12,555) 1,015,005
Fees and penalties 23,000 28,945 5,945 34,258
Other 4.994 5.397 403 14.489
3,341,635 3,350,312 8,677 3,472,772II
Operating expenses before
depreciation -
See Exhibit E-3 2.227.807 1.857.809 369.998 1.597.064II
OPERATING INCOME
BEFORE DEPRECIATION 1,113,828 1,492,503 378,675 1,875,708
Depreciation expense 472.381 472.381 - 550.720 II
OPERATING INCOME 641,447 1,020,122 378,675 1,324,988
Non-operating income (expense) II
Interest on investments 59,754 148,286 88,532 164,388
Interest expense (356,494) (351,201) 5,293 (56,275)
Gain on disposal ofII
fixed assets - 28.010 28.010 (157.192)
(296.740) (174.905) 121.835 (49.079)
INCOME BEFORE OPERATINGII
TRANSFERS 344,707 845,217 500,510 1,275,909
Operating transfers out (1.125.913) (1.125.913) - (348.749)
NET INCOME (LOSS) $ (781.206) (280,696) 15.2fLag 927,160 II
Retained earnings at
beginning of year 4.954.866 4.027.706II
RETAINED EARNINGS AT
END OF YEAR _$ 4 A674,170 $41954,866
11
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-102- 11
II
II CITY OF FRIENDSWOOD, TEXAS
IIENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-3
STATEMENT OF OPERATING EXPENSES- BUDGET AND ACTUAL
11 Year ended September 30, 1991
' 1991
VARIANCE-
I FAVORABLE 1990
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Water
II Personal services $ 193,234 $ 180,147 $ 13,087 $ 203,744
Supplies 43,572 34,351 9,221 58,192
Other services and charges 676,483 427,321 249,162 169,651
Maintenance 81.246 58.095 23.151 89,525
• 994,535 699,914 294,621 521,112
Sewer
Personal services 158,291 137,032 21,259 80,071
Supplies 18,410 11,761 6,649 8,746
II Other services and charges 666,793 638,640 28,153 594,830
Maintenance 84.540 66,007 18.533 82.767
928,034 853,440 74,594 766,414
II Operation Administration
Personal services 75,891 75,659 232 52,720
Supplies 2,300 1,702 598 3,343
Other services and charges 2,070 1,490 580 862
Maintenance 275 539 (264) 412
11 80,536 79,390 1,146 57,337
Finance Administration
(Utility billing)
II Personal services 123,724 122,801 923 116,296
Supplies 8,120 6,974 1,146 6,966
Other services and charges 32,882 33,952 (1,070) 91,823
Maintenance 2,250 2,960 (710) 2.942
II166,976 166,687 289 218,027
Finance Data Processing
1 Supplies 2,100 822 1,278 -
Maintenance 2,500 2,898 (398)
Other services and charges 1.000 7.478 (6.478) -
-
5,600 11,198 (5,598)II
Insurance Other services and charges 11.600 7.433 4.167 -
11,600 7,433 4,167 -
1 Engineering Personal services 34,598 37,608 (3,010) -
Supplies 533 497 36 -
Maintenance 835 - 835 -
II Other services and charges 4.560 1.642 2.918 34.174
40,526 39,747 779 34,174
Operating expenses before
IIdepreciation $2.227.807 $1,857,809 369 998 $1,597,064
II -103-
CITY OF FRIENDSWOOD TEXAS
' ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-4
SCHEDULE OF REVENUE BONDS PAYABLE
September 30, 1991
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1991
Waterworks and Sanitary
Sewer System Revenue
Bonds, Series 1969 6.125% 5-1-69 $360,000 3-1-99 $330.000
330,000
Waterworks and Sanitary
Sewer System Junior Lien
Revenue Bonds,
Series 1979 5.50 6-1-79 50,000 3-1-92 50,000
5.50 6-1-79 100,000 3-1-93 100,000
5.50 6-1-79 100,000 3-1-94 100,000
5.50 6-1-79 100,000 3-1-95 100,000
5.50 6-1-79 5,000 3-1-96 5,000
6.50 6-1-79 50,000 3-1-92 50.000
$405,000
TOTAL REVENUE BONDS PAYABLE $735.000
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-105-
I
CITY OF FRIENDSWOOD, TEXAS
ENTERPRISE FUND (WATER AND SEWER FUND) 1
SCHEDULE OF REVENUE BONDS PAYABLE- BY MATURITY DATE
September 30, 1991 1
I
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTAL
1992 $ 135,000 $ 38,916 $173,916
1993 135,000 31,022 166,022
1994 135,000 23,378 158,378
1995 140,000 15,581 155,581
1996 45,000 10,244 55,244
1997 45,000 7,503 52,503
1998 50,000 4,594 54,594
1999 50.000 1.531 51,531
$ 735,000 $1.32,7j2 $867,769
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-106- '
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11
IIEXHIBIT E-5
II
II REVENUE BONDS
WATERWORKS AND WATERWORKS AND
II SANITARY SEWER SYSTEM SANITARY SEWER SYSTEM
REVENUE BONDS JUNIOR LIEN REVENUE BONDS
SERIES 1969 SERIES 1979
PRINCIPAL INTEREST PRINCIPAL INTEREST
II $ 35,000 $ 19,141 $100,000 $ 19,775
35,000 16,997 100,000 14,025
35,000 14,853 100,000 8,525
40,000 12,556 100,000 3,025
11 40,000 10,106 5,000 138
45,000 7,503
50,000 4,594
50.000 1.531
II330 000 $ 87,281 $405,000 C 45,488
II
II
II
II
II
II
II
II
11
II -107-
I
CITY OF FRIENDSWOOD, TEXAS I
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-6
SCHEDULE OF CERTIFICATE OF OBLIGATION- BY MATURITY DATE
September 30, 1991 1
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTAL
1992 $ 100,000 $ 300,412 $ 400,412
1993 115,000 291,409 406,409
1994 130,000 281,150 411,150
1995 145,000 269,634 414,634 ,
1996 260,000 252,675 512,675
1997 285,000 230,173 515,173
1998 305,000 208,037 513,037
1999 335,000 185,790 520,790
2000 415,000 159,332 574,332
2001 450,000 128,512 578,512
2002 485,000 94,843 579,843
2003 525,000 58,231 583,231
2004 560.000 19.600 579.600
4,110,000 $2,479.798 $6.589.798
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-108-
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I
ITRUST FUND
This fund has been established by the City to account
for 1776 Park assets held by the City in a trustee
Icapacity or as an agent for individuals or other funds.
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I -109-
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CITY OF FRIENDSWOOD, TEXAS
TRUST FUND (NON-EXPENDABLE TRUST) EXHIBIT F-1
COMPARATIVE BALANCE SHEETS
September 30, 1991 and 1990 1
1991 1990 ,
ASSETS
Restricted assets II
Cash $26,765 $24,833
Land 57,200 57,200 ,
Accounts recievable
Interest 2 -
TOTAL ASSETS $83,967 $82,033
FUND BALANCES
Reserved for endowments $67,200 $67,200
Unreserved
Undesignated 16.767 14,833
TOTAL FUND BALANCES $83,967 1112,2131 I
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-110_ 1
i
CITY OF FRIENDSWOOD, TEXAS
TRUST FUND (NON-EXPENDABLE TRUST) EXHIBIT F-2
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
' CHANGES IN FUND BALANCES
Years ended September 30, 1991 and 1990
I
1991 1990
REVENUES
Interest $ 1,934 $ 2,016
Fund balances at beginning of year 82.033 80,017
FUND BALANCES AT END OF YEAR $83,967 $82,033
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1 -111-
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GENERAL FIXED ASSETS ACCOUNT GROUP
I This account group is established to account for the fixed assets owned
by the City exclusive of those relating to the Enterprise Fund or
Fiduciary Fund. Expenditure transactions to acquire general fixed
I assets occur in the General Fund, Special Revenue Funds and Capital
Projects Fund.
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I -113-
1
CITY OF FRIENDSWOOD, TEXAS
GENERAL FIXED ASSETS EXHIBIT G-1
COMPARATIVE SCHEDULES OF GENERAL FIXED ASSETS-
BY SOURCE
11
September 30, 1991 and 1991
1
1991 1990
General Fixed Assets
Land $ 1,413,057 $ 1,408,057
Buildings 2,433,849 2,344,484
Improvements 12,007,880 11,336,893
Equipment 2,735,960 2,253,064
Construction in progress 3.660 49.373
TOTAL GENERAL FIXED ASSETS $18.59 4 406 $17,391�871
Investment in General Fixed Assets from
General obligation bonds $ 4,572,653 $ 4,572,653
Time warrants and certificates of
obligation 444,500 291,112 1/
Federal, state and local obligations 3,043,872 3,035,223
Municipality 9,601,069 8,600,174
Donations 932.312 892.709
TOTAL INVESTMENT IN
GENERAL FIXED ASSETS $18,594,406 17,391,871
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-114- 1
I
11 CITY OF FRIENDSWOOD, TEXAS
IIGENERAL FIXED ASSETS EXHIBIT G-2
SCHEDULE OF GENERAL FIXED ASSETS- BY FUNCTION AND ACTIVITY
IISeptember 30, 1991
IICONSTRUCTION
FUNCTION AND IN
II ACTIVITY LAND BUILDINGS IMPROVEMENTS EQUIPMENT PROGRESS TOTAL
General Government
Inspections $ 24,202 $ 24,202
II City Hall $ 453.389 $ 592.572 $ 23,619 467,266 1,536,846
453,389 592,572 23,619 491,468 1,561,048
II Public Safety
Police 149,230 16,760 608,281 774,271
Fire 18,000 267,322 881,337 1,166,659
Animal Control 65,968 2,708 27,086 95,762
II Emergency
Management 36.736 36.736
18,000 482,520 19,468 1,553,440 2,073,428
Public Works
II Street and
drainage 106,991 168,702 11,297,746 181,650 11,755,089
Sanitation 3.500 254,997 30,514 289,011
110,491 168,702 11,552,743 212,164 12,044,100
II Community Services
Library 28,838 375,199 17,695 180,140 601,872
Parks and
11 recreation 802,339 134,460 391,122 280,671 1,608,592
Swimming pool 680.396 3.233 18,077 701.706
831,177 1,190,055 412,050 478,888 2,912,170
II Construction in
progress $3,660 3,660
$1,413.057 $2,433,849 $12,007,880 $2,735,960 $3,660 $18,594,406
II
II
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II
II
11 -115-
1
CITY OF FRIENDSWOOD, TEXAS
GENERAL FIXED ASSETS EXHIBIT G-3
II
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS-
BY FUNCTION AND ACTIVITY
II
Year ended September 30, 1991
II
RETIREMENTS
BALANCE AT AND BALANCE AT
SEPT. 30. 1990 ADDITIONS RECLASSIFICATIONS SEPT. 30. 1991
General Government
Inspections $ 24,202 $ 24,202
City Hall _ 1.376.786 $ 160.060 1.536.846II
1,400,988 160,060 1,561,048
Public Safety
Police 657,947 129,517 $ 13,193 774,271II
Fire 961,800 226,344 21,485 1,166,659
Animal control 93,054 2,708 95,762
Emergency
management 36.736 36,73611
1,749,537 358,569 34,678 2,073,428
Public Works
Street and
drainage 11,073,665 698,424 17,000 11,755,089 11
Sanitation 289.011 289.011
11,362,676 698,424 17,000 12,044,100
Community services II
Library 596,561 5,311 601,872
Parks and
recreation 1,533,125 80,932 5,465 1,608,592II
Swimming pool 699.611 2.095 701.706
2,829,297 88,338 5,465 2,912,170
Construction in
progress 49.373 696.907 742.620 3.660 II
TOTAL $17,391,871 $2,002.298 799 763 18,594.406
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-116 II
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I
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The purpose of this account group is to account for general obligation
indebtedness to be retired primarily from future assessment of
property taxes.
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-117-
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CITY OF FRIENDSWOOD, TEXAS 11
GENERAL LONG-TERM DEBT 1
STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT
Year ended September 30, 1991
BALANCE AT I/
OCT. 1,
1990
Amount available in Debt Service Fund $ 57,308
Amount to be provided for retirement
of long-term debt 8.201.662
TOTAL AVAILABLE AND
TO BE PROVIDED $8,258.970
Classification of debt
Lease obligation $ 13,192
Certificates of obligation 165,000 11
General obligation bonds 8.080.778
TOTAL GENERAL LONG-TERM DEBT $8,258,970
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-118- 1
11 EXHIBIT H-1
11
11
DEBT SERVICE BALANCE AT
OBLIGATIONS FUND SEPT. 30,
11 RETIRED OPERATIONS 1991
$(6,452) $ 50,856
11
763 192 6 452 7,444,922
11 $763,192 $ -0- $7,495,778
11 $ 13,192
35,000 $ 130,000
11 715.000 7,365,778
63.192 $7,495,778
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-119-
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I CITY OF FRIENDSWOOD TEXAS
IIGENERAL LONG-TERM DEBT EXHIBIT H-2
SCHEDULE OF GENERAL LONG-TERM DEBT
IISeptember 30, 1991
I/ DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
1 DESCRIPTION RATE ISSUE ISSUE MATURITY 1991
Certificate of
Obligation 8.375 12-01-88 40,000 03-01-92 $ 40,000
I
8.375 12-01-88 45,000 03-01-93 45,000
8.375 12-01-88 45,000 03-01-94 45.000
TOTAL CERTIFICATES OF OBLIGATION PAYABLE 130,000
I Refunding bonds
Series 1986 6.50 08-15-86 790,000 03-01-92 790,000
6.75 08-15-86 835,000 03-01-93 835,000
II 7.00 08-15-86 890,000 03-01-94 890,000
7.10 08-15-86 855,000 03-01-95 855,000
7.20 08-15-86 935,000 03-01-96 935,000
7.30 08-15-86 990,000 03-01-97 990,000
II 7.40 08-15-86 795,000 03-01-98 795,000
7.50 08-15-86 835,000 03-01-99 835,000
7.75 08-18-86 310,834 03-01-00 310,834
7.80 08-18-86 55,898 03-01-01 55,898
7.85 08-18-86 27,209 03-01-02 27,209
II 7.90 08-18-86 24,993 03-01-03 24,993
7.90 08-18-86 21,844 03-01-04 21.844
II TOTAL BONDS PAYABLE 7,365,778
TOTAL GENERAL LONG-TERM DEBT $7,495.778
I/
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II
II -121-
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CITY OF FRIENDSWOOD, TEXAS II
GENERAL LONG-TERM DEBT I
GENERAL LONG-TERM DEBT- BY MATURITY DATE
September 30, 1991 1
II
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTALII
1992 $ 830,000 $ 475,299 $ 1,305,299
1993 880,000 417,884 1,297,884
1994 935,000 354,784 1,289,784II
1995 855,000 291,398 1,146,398
1996 935,000 227,385 1,162,385
1997 990,000 157,590 1,147,590
1998 795,000 92,040 887,04011
1999 835,000 31,313 866,313
2000 310,834 559,166 870,000
2001 55,898 114,102 170,000
2002 27,209 62,791 90,00011
2003 24,993 65,007 90,000
2004 21,844 63.156 85,000
TOTAL GENERAL I
LONG-TERM DEBT $7,495 778 $2.9„ 11.915 10,407,693
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-122- 11
II
II
IEXHIBIT H-3
Page 1of2
I/
IREFUNDING BONDS - SERIES 1986
CURRENT INTEREST BONDS COMPOUND INTEREST BONDS
II INTEREST INTEREST
RATE PRINCIPAL INTEREST RATE PRINCIPAL INTEREST TOTAL
6.50% $ 790,000 $ 466,087 $ 1,256,087
II 6.75 835,000 412,231 1,247,231
7.00 890,000 352,900 1,242,900
7.10 855,000 291,398 1,146,398
7.20 935,000 227,385 1,162,385
II 7.30 7.40
990,000 157,590 1,147,590
795,000 92,040 887,040
7.50 835,000 31,313 866,313
7.75% $310,834 $559,166 870,000
il 7.80 55,898 114,102 170,000
7.85 27,209 62,791 90,000
7.90 24,993 65,007 90,000
7.90 21.844 63.156 85.000
II $6.925,000 $2.030,944 $4401 778 $864.222 $10,260,944
II
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II -123-
1
CITY OF FRIENDSWOOD, TEXAS
GENERAL LONG-TERM DEBT
GENERAL LONG-TERM DEBT- BY MATURITY DATE
September 30, 1991 1
CERTIFICATES OF OBLIGATION CAPITAL LEASES
YEAR RADIOS
11
ENDING INTEREST INTEREST
SEPT. 30 RATE PRINCIPAL INTEREST TOTAL RATE PRINCIPAL INTEREST
1992 8.375% $ 40,000 $ 9,212 $ 49,212
1993 8.375 45,000 5,653 50,653
1994 8.375 45,000 1,884 46,884
1995
1996
199711
1998
1999
2000
200111
2002
2003
2004
11
$$130,000 ILL.Li2 $146,749
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-124- 11
1
EXHIBIT H-3
Page 2 of 2
I
CAPITAL LEASES TOTAL CAPITAL LEASES
NET PRESENT
I INTEREST IBM COMPUTER - POLICE VALUE OF AMOUNT
MINIMUM AMOUNT
RATE PRINCIPAL INTEREST LEASE PAYMENTS INTEREST TOTAL
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$ -0- $ -0- $ -0- $ -0 $ -0-
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-125-
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CITY OF FRIENDSWOOD, TEXAS II
GENERAL LONG-TERM DEBT EXHIBIT H-4
COMPOUND BONDS-ACCRUED INTEREST SCHEDULE
September 30, 1991 1
YEAR ENDING $310,834 $ 55,898 $27,209 $24,993 $21,844 11
SEPT. 30 a 7.75% a 7.80% e 7.85% a 7.90% a 7.90%
1987 $ 31,384 $ 5,775 $ 2,876 $ 2,703 $ 2,39811
1988 26,523 4,811 2,362 2,188 1,915
1989 28,576 5,186 2,547 2,361 2,066
1990 30,793 5,590 2,747 2,547 2,230
1991 33,178 6,026 2,963 2,748 2,406
!I
1992 35,750 6,496 3,195 2,966 2,596
1993 38,520 7,003 3,446 3,200 2,801
1994 41,506 7,549 3,717 3,453 3,022
1995 44,723 8,138 4,008 3,725 3,26111
1996 48,188 8,773 4,323 4,020 3,518
1997 51,923 9,457 4,662 4,337 3,797
1998 55,948 10,195 5,028 4,680 4,096
1999 60,282 10,990 5,423 5,050 4,420
11
2000 31,872 11,847 5,849 5,449 4,769
2001 6,266 6,297 5,879 5,146
2002 3,348 6,344 5,553
2003 3,357 5,991
II
2004 3.171
559 166 $114,102 012.91. 165.007 03.156
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-126- 11
E i i — mu — In NM N MI - - MI M - ME ME NM M
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CITY OF FRIENDSWOOD, TEXAS II
SCHEDULE OF DELINQUENT TAXES RECEIVABLE EXHIBIT I-1
11
September 30, 1991
II
DELINQUENT TAXES RECEIVABLE
GENERAL DEBT SERVICE IIYEAR FUND FUND TOTAL
1990 $ 54,871 $ 20,086 $ 74,957
1989 45,087 13,670 58,757
II
1988 38,181 14,110 52,291
1987 21,509 7,239 28,748
1986 16,933 7,534 24,467
1985 17,746 6,505 24,251
II
1984 14,484 6,105 20,589
1983 23,755 10,327 34,082
1982 6,104 3,174 9,278
1981 2,996 1,384 4,380 II1980 1,908 876 2,784
1979 1,479 417 1,896
1978 1,054 261 1,315
1977 378 159 537 II1976 579 313 892
1975 337 128 465
1974 33 9 42
TOTAL DELINQUENT II
TAXES RECEIVABLE $247,434 $ 92.297 339 731
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-128- 11
STATISTICAL SECTION
(The City has not had any special assessments
in the last ten fiscal years.)
(The City has no legal debt margin.)
3
-129-
0
6.
PI
64
CITY OF FRIENDSWOOD, TEXAS
U
GENERAL REVENUE-BY SOURCE 4
Last Ten Fiscal Years
rt.
CHARGES FOR LICENSES
FISCAL SERVICE FINES AND AND INTER !!
-
YEAR TAXES (SANITATION) FORFEITURES PERMITS GOVERNMENTAL
1981-82 $2,188,070 $289,034 $111,975 $ 75,292 $311,695 ,11
1982-83 2,602,930 344,178 102,609 180,972 97,271
1983-84 3,285,018 431,941 128,694 167,484 335,077
PP
1984-85 (1) 4,018,210 532,701 138,302 138,074 535,955 m
1985-86 (2) 4,608,491 470,177 120,195 148,740 124,114
1986-87 5,272,714 525,592 184,359 124,913 94,015 -11
1987-88 5,328,869 545,130 142,516 125,083 48,985
I
1988-89 5,571,191 542,911 190,106 143,105 53,464
1989-90 5,666,522 595,244 166,982 240,294 50,984
111
1990-91 5,948,464 733,245 166,355 286,421 28,641 Mt
Includes the General, Special Revenue and Debt Service Funds.
(1) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement
District) during the previous year. p
(2) Includes annexation of the Forest Bend Subdivision (WCID No. 108) during it
the year.
Source - Accounting records of the City. !!
!!
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IEXHIBIT I
I
I INTEREST
INCOME OTHER TOTAL
$125,888 $ 84,124 $3,186,078
91,593 123,088 3,542,641
' 112,516 42,473 4,503,203
127,909 41,551 5,532,702
' 88,521 28,850 5,589,088
91,011 45,342 6,337,946
196,647 106,057 6,493,287
185,037 118,539 6,804,353
222,328 115,107 7,057,461 I
232,773 139,525 7,535,424
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1
II
I I N WOOD TEXAS
CITY OF FR E DS
GENERAL GOVERNMENTAL EXPENDITURES- BY FUNCTION 1
Last Ten Fiscal Years
1
CULTURE
FISCAL GENERAL PUBLIC PUBLIC ANDII
YEAR GOVERNMENT SAFETY MORES SANITATION RECREATION
1981-82 $ 680,792 $ 856,648 $ 474,575 $288,813 $299,028
1982-83 714,608 1,188,214 596,633 336,635 314,853 II
1983-84 (1) 812,289 1,311,923 958,188 436,299 390,361
1984-85 954,086 1,388,760 523,653 512,504 373,412 II
1985-86 (2) 1,221,176 1,737,503 723,779 484,851 453,408
1986-87 1,473,875 1,870,538 718,117 519,527 692,525 II
1987-88 (3) 1,143,024 1,934,317 1,128,195 (4) (5)
1988-89 (3) 1,167,194 2,038,066 1,108,423 (4) (5) II
1989-90 (3) 1,258,050 2,173,685 1,196,889 (4) (5)
1990-91 (3) 1,085,683 2,478,564 1,521,841 (4) (5) II
Includes the General, Special Revenue and Debt Service Funds. I
(1) Includes annexation of the Wedgewood subdivision (Clearwoods
Improvement District) during the year.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) II
during the year.
(3) Function classifications have been revised to reflect the City'sII
internal records.
(4) Sanitation expenditures included in Public Works.
(5) Culture and Recreation and Community Counseling Center 11
expenditures included in community services.
(6) Community Development expenditures included in general governmentII
and public works.
(7) Community Services expenditures included in Culture and Recreation
and Community Counseling Center. 11
Source - Accounting records of the City. I
II
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IEXHIBIT II
I
I COMMUNITY
COMMUNITY COMMUNITY COUNSELING DEBT
DEVELOPMENT SERVICES CENTER SERVICE TOTAL
I
(6) (7) $ 42,243 $ 414,440 $3,056,539
(6) (7) 46,582 497,405 3,694,930
I
(6) (7) 48,014 983,609 4,940,683
(6) (7) 67,919 997,114 4,817,448
I (6) (7) 78,966 1,064,286 5,763,969
(6) (7) 35,000 1,314,714 6,624,296
I $ 249,684 $ 814,380 (5) 1,344,693 6,614,293
257,750 768,533 (5) 1,305,728 6,645,694
' 281,723 949,048 (5) 1,304,597 7,163,992
289,501 1,048,606 (5) 1,301,928 7,726,123
I
I
I
I
I
I
I
I -133-
II
II
CITY OF FRIENDSWOOD, TEXAS
IITAX REVENUES- BY SOURCE EXHIBIT III
Last Ten Fiscal Years
II
BUSINESS
I/ GENERAL GROSS INDUSTRIAL
FISCAL TOTAL PROPERTY GENERAL RECEIPTS DISTRICT BEVERAGE
YEAR TAXES TAXES SALES TAX TAXES TAXES* TAX
II1981-82 $2,188,070 $1,599,521 $ 99,497 $185,708 $302,064 1,280
1982-83 2,602,930 2,113,715 336,234 151,746 - 1,235
II1983-84 3,285,018 2,727,942 351,431 204,275 - 1,370
1984-85 (1) 4,018,210 3,319,149 424,498 273,184 - 1,379
II1985-86 4,608,491 3,826,171 483,629 297,585 - 1,106
1986-87 (2) 5,272,714 4,421,343 517,943 332,432 - 996
II
1987-88 5,328,869 4,442,540 509,551 375,755 - 1,023
1988-89 5,571,191 4,562,856 606,549 400,986 - 800
II1989-90 5,666,522 4,557,133 689,576 419,062 - 751
1990-91 5,948,464 4,749,173 739,216 456,566 - 3,509
II * Contract with Industrial District from 1976 to 1980 a new contract from 1980
to 1982 with a guarantee of at least $300,000 a year.
II (1) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement
District) during the previous year.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) during the
11 previous year.
Source - Accounting records of the City.
II
II
II
11
II -135-
I
CITY OF FRIENDSWOOD, TEXAS II
PROPERTY TAX LEVIES AND COLLECTIONS
II
Last Ten Fiscal Years
I
PERCENT PERCENTII
FISCAL TAX TAX TOTAL CURRENT TAX OF LEVY
YEAR YEAR RATE TAX LEVY COLLECTIONS COLLECTED
1981-82 1981 $0.775 $1,586,474 $1,531,878 96.56% II
1982-83 1982 0.735 2,068,817 1,989,751 96.18
1983-84 1983 0.720 2,491,879 2,400,000 96.32 1
1984-85 (2) 1984 0.720 3,348,234 3,224,304 96.30
1985-86 1985 0.7095 3,870,699 3,680,672 95.10 II
1986-87 (3) 1986 0.695 4,369,541 4,245,550 97.16
1987-88 1987 0.695 4,351,363 4,248,363 97.63 1
1988-89 1988 0.695 4,553,066 4,433,139 97.37
1989-90 1989 0.695 4,531,537 4,427,153 97.70 II
1990-91 1990 0.695 4,636,066 4,561,109 98.38
(1) Assessment ratio increased in 1980 to 100% of market value per $100 II
valuation.
(2) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement I
District) during the previous year.
(3) Includes annexation of the Forest Bend subdivision (WCID No. 108) during the
previous year. II
Source - Tax assessor/collector's records.
II
11
11
II
I
-136- II
II
11
IIEXHIBIT IV
IITOTAL OUTSTANDING
COLLECTION DELINQUENT
I
DELINQUENT TOTAL AS A TAXES AS A AS
OF OUTSTANDING PERCENT OF
TAX TAX TOTAL DELINQUENT TOTAL
COLLECTIONS COLLECTIONS TAX LEVY TAXES LEVY
II $ 67,643 $1,599,521 100.82% $142,473 0.98%
123,964 2,113,715 102.17 123,882 5.99
II50,915 2,450,915 98.36 169,380 6.80
55,528 3,279,832 97.96 232,879 6.96
II112,025 3,792,697 97.98 328,281 8.48
133,831 4,379,381 100.23 318,441 7.29
II119,686 4,368,049 100.38 301,754 6.93
79,695 4,512,834 99.12 341,986 7.51
I74,484 4,501,637 99.34 371,886 8.21
114,376 4,675,485 100.85 339,731 7.33
II
II
II
II
II
II
II
II
II -137-
1
CITY OF FRIENDSWOOD, TEXAS II
ASSESSED AND ESTIMATED ACTUAL VALUE
OF TAXABLE PROPERTY II
Last Ten Fiscal Years
II
REAL PROPERTY PERSONAL PROPERTY IIESTIMATED ESTIMATED
FISCAL TAX ASSESSED ACTUAL ASSESSED ACTUAL
YEAR YEAR VALUE VALUE VALUE VALUE II1981-82 1981 $199,752,590 $199,752,590 $ 6,432,770 $ 6,432,770
1982-83 1982 291,156,780 291,156,780 7,295,310 7,295,310 II1983-84 1983 436,557,744 436,557,744 6,389,970 6,389,970
1984-85 (2) 1984 588,137,580 588,137,580 10,731,940 10,731,940 ,
1985-86 1985 636,203,660 636,203,660 9,688,000 9,688,000
1986-87 (3) 1986 726,482,470 726,482,470 34,305,290 34,305,290 II1987-88 1987 732,642,639 732,642,639 30,811,878 30,811,878
1988-89 1988 690,062,040 690,062,040 39,852,170 39,852,170 II1989-90 1989 745,236,230 745,236,230 14,605,530 14,605,530
1990-91 1990 719,570,021 719,570,021 41,999,150 41,999,150
II
(2) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement
District) during the previous year.
(3) Includes annexation of the Forest Bend subdivision (WCID No. 108) during II
the previous year.
Source - Tax assessor/collector's records. II
11
II
II
II
II
-138- 11
I
I
1 EXHIBIT V
I
I TOTAL TOTAL
ESTIMATED ASSESSED TAXABLE RATIO OF ASSESSED
ASSESSED ACTUAL VALUE OF ASSESSED VALUE TO ESTIMATED
VALUE VALUE EXEMPTIONS VALUE ACTUAL VALUE
I $206,185,360 $206,185,360 $ 4,380,567 $201,804,793 100%
298,452,090 298,452,090 85,672,799 212,779,291 100
442,947,714 442,947,714 96,853,365 346,094,349 100
598,869,520 598,869,520 133,837,020 465,032,500 100
645,891,660 645,891,660 111,788,728 534,102,932 100
760,787,760 760,787,760 132,076,820 628,710,940 100
1 763,454,517 763,454,517 137,359,095 626,095,422 100
729,914,210 729,914,210 95,185,210 634,729,000 100
I759,841,760 759,841,760 106,734,872 653,106,888 100
761,569,171 761,569,171 94,509,321 667,059,850 100
I
I
I
I
I
I
I -139-
1
CITY OF FRIENDSWOOD, TEXAS II
PROPERTY TAX RATES AND TAX LEVIES- DIRECT AND
11
OVERLAPPING GOVERNMENTS
Last ten fiscal years
II
FRIENDSWOOD CLEAR CREEK II
INDEPENDENT INDEPENDENT
FISCAL TAX CITY OF SCHOOL SCHOOL
YEAR YEAR FRIENDSWOOD DISTRICT DISTRICT IITAX RATE
1981-82 1981 $ .775 $ 1.86 $ .88
1982-83 1982 .735 1.83 .83
1983-84 1983 .720 1.79 .82
1984-85 1984 .720 1.46 .82
1985-86 1985 .7095 1.46 .92
1986-87 1986 .695 1.41 .92
1987-88 1987 .695 1.41 .95 11
1988-89 1988 .695 1.41 .95
1989-90 1989 .695 1.55 1.075
1990-91 1990 .695 1.55 1.289
II
TAX LEVIES
1981-82 1981 $1,586,474 $3,567,480 $22,647,479
II
1982-83 1982 2,068,817 4,854,834 25,331,425
1983-84 1983 2,491,879 5,233,942 27,542,883
1984-85 (2) 1984 3,348,234 5,123,436 31,308,670 '
1985-86 1985 3,870,699 5,802,869 41,309,808
1986-87 (3) 1986 4,369,541 6,205,039 44,892,680
1987-88 1987 4,351,363 6,511,149 43,580,000
1988-89 1988 4,553,066 6,841,786 46,654,423
1989-90 1989 4,531,537 7,642,133 54,983,096
1990-91 1990 4,636,066 7,863,639 69,656,556 II
(2) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement II
District) during the previous year.
(3) Includes annexation of the Forest Bend subdivision (WCID No. 108) during II
the previous year.
Source - Accounting records of the City and tax assessor/collector's records.
II
II
I
I
-140- II
I
II
11 EXHIBIT VI
II
IICLEAR CREEK
GALVESTON HARRIS DRAINAGE
II COUNTY COUNTY DISTRICT
TAX RATE
$.300 $ .376 $.100
I
.300 .360 .150
.395 .377 .150
.395 .277 .150
.385 .27878 .150
11 .385 .26786 .150
.385 .29316 .150
.415 .49293 .150
.445 .560 .150
II .445 .59011 .150
TAX LEVIES
II $18,673,000 $218,001,248 $256,004
18,137,783 238,964,304 486,722
26,640,815 270,971,084 506,281
28,607,391 312,288,939 609,854
II 29,255,237 321,822,000 742,703
25,228,511 311,338,358 740,222
31,021,686 317,419,015 763,695
34,138,033 316,340,000 771,330
II 36,957,169 310,287,582 781,367
42,085,772 665,998,301 806,204
II
II
II
II
II
II
1 -141-
I
CITY OF FRIENDSWOOD, TEXAS I
RATIO OF NET GENERAL OBLIGATION BONDED DEBT TO ASSF-SED
VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA
Last Ten Fiscal years I
GROSS LESS DEBT
FISCAL ESTIMATED ASSESSED BONDED SERVICE
YEAR POPULATION VALUE DEBT FUND BALANCE
1981-82 11,770 $206,185,360 $ 6,560,000 $145,075 I
1982-83 12,530 298,452,090 6,470,500 153,535
1983-84 (1) 17,365 442,947,714 8,423,163 197,749 1
1984-85 18,500 598,869,520 8,046,000 200,813
1985-86 (2) 22,500 645,891,660 10,650,778 459,306 I
1986-87 23,000 760,787,760 10,065,778 518,998
1987-88 22,500 763,454,517 9,405,778 325,894 1
1988-89 23,500 729,914,210 8,750,778 280,793
1989-90 22,710 759,841,760 8,080,778 57,308 I
1990-91 22,814 761,569,171 7,365,778 50,854
(1) Includes annexation of the Wedgewood Improvement subdivision (Clearwoods Im rovement I
District) during the previous year.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) during I
the previous year.
Source - Tax assessor/collector's records. I
I
I
I
I
-142-
I
I
IEXHIBIT VII
I
RATIO OF NET
I NET BONDED DEBT
BONDED TO ASSESSED NET BONDED DEBT
DEBT VALUE PER CAPITA
I $6,414,925 3.1% $545
6,316,965 2.1 504
II
8,225,414 1.9 473
7,845,187 1.3 424
1
10,191,472 1.6 453
9,546,780 1.3 415
I9,079,884 1.2 404
8,469,985 1.2 360
II
8,023,470 1.06 353
7,314,924 0.96 321
I
I
I
I
I
I
I
I
I -143-
I
CITY OF FRIENDSWOOD TEXAS II
COMPUTATION OF NET DIRECT AND ESTIMATED OVERLAPPING DEBT EXHIBIT VIII I
September 30, 1991
II
PERCENTAGE CITY OF IINET DEBT APPLICABLE FRIENDSWOOD'S
NAME OF GOVERNMENTAL UNIT OUTSTANDING TO CITY OF FRIENDSWOOD SHARE OF DEBT
Friendswood Independent
School District $ 3,830,000 100.00% $ 3,830,00011
Clear Creek Independent
School District 81,155,000 3.94 3,197,507
Galveston County 73,325,155 5.68 4,164,869 II
Harris County 932,812,412 .15 1,399,219
Harris County Toll II
Road Authority 517,191,374 .15 775,787
Harris County Flood
Control District 283,638,056 .15 425,457 II
Port of Houston
Authority 102,040,000 .15 153.060 II
TOTAL NET OVERLAPPING DEBT 13,945,899
Net General Obligation Bonded Debt - City of Friendswood 7.314.924 1
TOTAL NET DIRECT AND
OVERLAPPING DEBT $21,260,823
II
II
I
1
II
II
II
-144- II
II
II CITY OF FRIENDSWOOD, TEXAS
I RATIO OF ANNUAL DEBT SERVICE EXPENDITURES EXHIBIT IX
FOR GENERAL LONG-TERM DEBT TO TOTAL
GENERAL EXPENDITURES
IILast Ten Fiscal Years
I/ INTEREST
AND (2) RATIO OF DEBT SERVICE
II
FISCAL TOTAL TOTAL TO TOTAL GENERAL
GOVERNMENTAL
FISCAL AGENT DEBT GENERAL
YEAR PRINCIPAL FEES SERVICE EXPENDITURES EXPENDITURES
II 1981-82 $110,631 $303,809 $ 414,440 $3,056,539 13.56
1982-83 123,759 373,646 497,405 3,694,930 13.46
1983-84 356,000 627,609 983,609 4,940,683 19.91
II 1984-85 377,608 619,506 997,114 4,817,448 20.70
1985-86 (1) 484,427 579,859 1,064,286 5,763,969 18.46
1986-87 620,386 694,328 1,314,714 6,624,296 19.85
1987-88 690,323 654,370 1,344,693 6,614,293 20.33
II1988-89 687,029 618,699 1,305,728 6,645,694 19.65
1989-90 721,245 583,352 1,304,597 7,163,992 18.21
II1990-91 763,192 538,736 1,301,928 7,726,061 16.85
II (1) Excludes debt defeased through refunding of $10,032,000.
(2) Includes the General, Special Revenue and Debt Service funds.
II
Source - Accounting records of the City.
II
II
I/
I
II
II -145-
I
1 CITY OF FRIENDSWOOD, TEXAS
ITAX RATE DISTRIBUTION EXHIBIT X
Last Ten Fiscal Years
I
GENERAL DEBT SERVICE TOTAL TAX
I TAX YEAR FUND FUND RATE
1981 $ .53 $ .245 $ .775
I1982 .4835 .2515 .735
1983 .502 .218 .720
I1984 .507 .213 .720
1985 .5192 .1903 .7095
I1986 .481 .214 .695
1987 .52 .175 .695
I1988 .50746 .18754 .695
1989 .5333 .1617 .695
I1990 .50876 .18624 .695
(1) Assessment ratio increased in 1980 to 100% market value per $100 valuation.
ISource - City's tax ordinances.
I
I
1
I
I
I
I
I -147-
I
CITY OF FRIENDSWOOD, TEXAS II
REVENUE BOND COVERAGE I
Last Ten Fiscal years
OPERATING NET OPERATING I
NUMBER NUMBER EXPENSES REVENUE
FISCAL OF WATER OF SEWER OPERATING BEFORE AVAILABLE FOR
YEAR CUSTOMERS CUSTOMERS REVENUE DEPRECIATION DEBT SERVICEII
1981-82 3,388 3,212 $1,134,886 $ 756,498 $ 378,388
1982-83 3,659 3,430 1,450,044 861,935 588,109 1
1983-84 4,998 4,686 2,141,284 1,072,741 1,068,543
1984-85 5,338 5,061 2,104,796 1,193,709 911,087 1
1985-86 6,497 6,238 4,205,395 1,311,526 2,893,869
1986-87 6,514 6,324 3,066,581 1,487,668 1,578,91311
1987-88 6,626 6,432 3,071,181 1,526,297 1,544,884
1988-89 6,731 6,539 3,034,892 1,443,986 1,590,906 1
1989-90 6,968 6,719 3,472,772 1,597,064 1,875,708
1990-91 7,336 6,983 3,350,312 1,857,809 1,492,503 1
Source - Accounting records of the City. I
I
11
I/
II
11
11
I
-148- 1
II
II
I
EXHIBIT XI
II
REVENUE BOND
II DEBT SERVICE REQUIREMENTS
PRINCIPAL INTEREST TOTAL COVERAGE
$ 70,000 $99,005 $169,005 2.24
II70,000 91,113 161,113 3.65
70,000 96,515 166,515 6.42
II120,000 92,475 212,475 4.29
120,000 83,129 203,129 14.25
II125,000 77,566 202,566 7.79
125,000 69,720 194,720 7.93
II125,000 61,900 186,900 8.51
130,000 56,275 186,275 10.07
II130,000 46,906 176,906 8.44
11
II
II
II
II
II
I
II
I -149-
II
CITY OF FRIENDSWOOD, TEXAS II
PRINCIPAL TAXPAYERS EXHIBIT XII
II
September 30, 1991
PERCENT OF TAXABLE
TAXABLE ASSESSED VALUE
ASSESSED TO TOTAL TAXABLE 11
NAME OF TAXPAYER NATURE OF BUSINESS VALUE ASSESSED VALUE
1. Exxon Oil & Gas $ 39,939,610 5.99%
11
2. Southwestern Bell
Telephone Utility Co. 11,086,100 1.66
3. Texas-New Mexico Power Utility Co. 6,846,590 1.03 '
4. Friendwood Retirement Retirement
Center Home 6,575,140 .99
II
5. Crosstimber Production Oil & Gas 6,343,310 .95
6. Florida Federal Savings
and Loan Apartments 5,092,160 .76II
7. Houston Lighting and
Power Utility Co. 2,937,460 .44 '
8. Jerry Moore Investor 2,652,200 .40
9. Baywood Limited Apartments 2,494,000 .37 ,
10. Salem Square Apartments Apartments 2.412,880 .36
86,379,450 12.95
II
All others 580,680,400 87.05
TOTAL $667,059,850 100.00% 1
II
Source - Tax assessor/collector's records. I
I
11
II
-150- II
CITY OF FRIENDSWOOD, TEXAS
I
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS EXHIBIT XIII
Las Ten Fiscal Years
I
FISCAL (A) BANK PROPERTY
YEAR CONSTRUCTION (B)
DEPOSITS V(C)
ALUE
1982 $15,102,000 $48,616,000 $206,185,360
1983 31,211,841 62,256,000 298,452,090
i 1984 31,379,139 67,111,934 486,902,520
1985 28,891,533 72,641,562 598,869,520
1986 26,920,850 78,645,866 645,891,660
1987 17,337,714 90,775,074 760,787,760
i 1988 19,712,294 133,829,940 763,454,517
1989 14,998,749 148,356,238 729,914,210
1990 37,068,554 122,671,080 759,841,760
1991 46,975,722 123,012,118 761,569,171
I (A) Source - City inspection records.
I (B) Source - Texas Commerce Bank and Community National Bank, Friendswood.
(C) Source - Tax assessor/collector's records.
I
I
I
I
I
I -151-
I
111
CITY OF FRIENDSWOOD, TEXAS
il
DEMOGRAPHIC STATISTICS EXHIBIT XIV
Last Ten Fiscal Years
I
FISCAL
II YEAR ENDED POPULATION- PER CAPITA MEDIAN UNEMPLOYMENT
SEPT. 30 A INCOME-B AGE-B RATE-C
1982 11,770 * 27.7 3.8%
II1983 12,530 $23,915 27.5 7.9
1984 17,365 21,573 27.6 5.9
li1985 18,500 24,570 27.9 8.6
1986 22,500 27,735 27.9 12.6
II1987 23,000 29,273 29.7 10.3
1988 22,500 29,743 29.7 6.8
II1989 23,500 * * 6.4
1990 22,710 * * 5.0
11 1991 22,814 * * 7.4
I
Note A - Estimated for the years 1982-1989. 1990 and 1991 are actual census
figures.
Note B - Source: Clear Lake Area Chamber of Commerce and Friendswood Chamber of
I
Commerce.
Note C - Source: Texas Employment Commission, Houston Standard Metropolitan
Statistical area, except 1991 is based on Galveston County
II Statistical area.
*Information not provided is not available.
II
II
p
II
II
I -153-
a
CITY OF FRIENDSWOOD, TEXAS II
SCHEDULE OF INSURANCE IN FORCE
September 30, 1991
II
LOCATION
OR
INSIIRER POLICY NO. ACTIVITY COVERAGEII
Employers Casualty EEP-E-047835 Electronic Fire, EC, V&MM
Co. Equipment
11
Employers Casualty CEF-F-874899 Contractors Fire, EC, V&MM
Co. Equipment
National Casualty 122099 Public Elected andII
Officials Appointed
American States MP4407 Volunteer AD&D
Insurance Firemen
National Casualty PL101450 City Comprehensive
Law Enforcement
II
Employers of Texas TCP-F-E419008 City Multi-Peril
Lloyds
Employers Casualty Co. BAA-F-649005 Fleet All City Vehicles I
Employers of Texas FMC-D-1L6920 City Fire, EC, Windstorm
Lloyds V&MM
11
Omaha Property and 0I939707723 Bougainvilla Flood-Building and
Casualty 3-0009-0757-0 Contents
Omaha Property and 01932137639 Library Flood-Building andli
Casualty Contents
Omaha Property and 0I3003462748 Library Annex Flood-Building and
Casualty ContentsII
Omaha Property and 012001944988 Counseling Flood-Building and
Casualty Center Contents
II
Omaha Property and 0I3001775851 Forest Bend Flood-Building and
Casualty Civic Contents
I
I
II
II
-154- II
II
II
IIEXHIBIT XV
1 of 2
II
AMOUNT PERIOD OF
II OF COVERAGE
COVERAGE BEGINNING ENDING PREMIUM
$ 267,091 12-01-90 12-01-91 $ 1,741
li
261,859 12-01-90 12-01-91 2,619
II1,000,000 12-19-90 12-19-91 10,110
I50,000 03-27-91 03-27-92 2,458
1,000,000 12-19-90 12-19-91 20,921
I3,208,200 12-01-90 12-01-91 71,623
II500,000 12-01-90 12-01-91 73,513
2,944,500 12-01-90 12-01-91 7,702
II2000/10,000 11-08-91 11-08-92 110
2000/5,000 93
II163,400/100,000 08-03-91 08-03-92 768
II55,000/91,600 04-23-91 04-23-92 504
27,500/10,500 04-27-91 04-27-92 151
II100,000/10,000 07-20-91 07-20-92 355
1
II
I
II
I -155-
11
CITY OF FRIENDSWOOD, TEXAS II
SCHEDULE OF INSURANCE IN FORCE I
September 30, 1991
II
LOCATION
OR I/INSIIRER POLICY NO. ACTIVITY COVERAGE
Omaha Property & 011940990565 Public Works Flood-Building
Casualty and Contents
il
Omaha Property & 012001256227 Fire Station Flood-Building
Casualty #1 and Contents
Omaha Property & 0I3003589052 City Hall Flood-BuildingII
Casualty Annex and Contents
Omaha Property & 0I3003947995 City Hall Flood-Building
Casualty and Contents11
Texas Political Sub- TBSH0008 City All City Employees
division-Workers Comp.
Truman Taylor Insurance 18200783 Notary Public Employees II'
Errors & Omissions
St. Paul Fire & 400HX3033 Surety Bond Tax Assessor/ 11
Marine Collector
St. Paul Fire & 400HX3039 Surety Bond Finance Director
MarineII
Truman Taylor 13265210 Notary Bond Planning/Zoning
Insurance
II
Truman Taylor TXN254475 Notary Bond Communications
Insurance
Truman Taylor TXN254477 Notary Bond Finance I
Insurance
Truman Taylor TXN269353 Notary Bond Public Works
InsuranceII
Truman Taylor TSN269362 Notary Bond Police
Insurance
American States EX801603 Public Officials City Manager
II
II
II
-156- 11
I
111 EXHIBIT XV
2 of 2
I
1
177,100/ 04-07-91 04-07-92 $ 366
38,300
220,000/ 04-07-91 04-07-92 488
23,100
1 75,000/ 08-21-91 08-21-92 751
175,000
I
200,000/75,000 06-13-91 06-13-92 707
Statutory 10-01-90 10-01-91 121,703
I
20,000 0 - - - -2 17 91 02 17 92 133
I50,000 05-29-91 05-29-92 88
I50,000 05-29-91 05-29-92 250
2,500 02-07-89 02-07-93 71
I
2,500 05-28-89 05-28-93 71
I2,500 07-17-89 07-17-93 71
I2,500 10-13-89 10-13-93 71
2,500 04-14-90 04-19-94 7
I50,000 07-01-91 07-01-92 175
I
I
I
I -157-
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CITY OF FRIENDSWOOD, TEXAS
MISCELLANEOUS STATISTICAL DATA EXHIBIT XVI
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September 30, 1991 1 of 2
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Date of Incorporation October 15, 1960 1
Date of present charter Adopted Home Rule Charter
October 16, 1971
Form of Government Council - Manager I
Area 21.71 Square Miles
Miles of streets
Streets - paved 108.7 miles
Streets - unpaved 2.4 miles
Fire Protection ,I
Number of stations 3
Number of employees (fulltime equivalent) 4.70
Number of volunteers 54
Fire Prevention
Number of employees (fulltime equivalent) 1.50
Number of volunteers 0
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Police Protection
Number of stations 1
Number of sworn officers (fulltime equivalent) 30.15 ,
Number of patrol units 10
Number of volunteers 1
Recreation
Number of parks 6
Size of parks
Total acres 56.6
Number of golf courses 0
Number of swimming pools 1
Number of tennis courts 4
Storm Sewers
(1) Miles of storm sewer 82.0 miles
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(1) All subdivisions were added and a thorough report was completed. I
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II CITY OF FRIENDSWOOD, TEXAS
IIMISCELLANEOUS STATISTICAL DATA EXHIBIT ma
September 30, 1991 2 of 2
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Education
11 Friendswood Independent School District
Number of teachers 221
Number of students 3,609
IIClear Creek Independent School District (1)
City employees
Department Heads 7.00
II Employees
Fulltime 101.00
Part-time (fulltime equivalents) 18.55
II Total 126.55
Election
Number of votes cast
I Last City election - Regular Election
Run-off Election 3,986
1,368
Water
II Source
um daily consumption 7 wells
683,539 gallons
4,154,000 gallons Surface Water
Average daily consumption
1,833,893 gallons
Maximum daily gallons
II Water mains
Number of connections 7,3361 miles
Sewer Blackhawk Tower Estates
I/ Average daily flow
1,813,000 gallons 176,000 gallons
Maximum daily flow
5,695,000 gallons 990,700 gallons
Sanitary sewer mains 80 miles
IINumber of connections 6,983
I/ (1) Statistical information is not available for the Harris County portion of
Friendswood served by Clear Creek Independent School District.
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CITY OF FRIENDSWOOD, TEXAS 11
PRINCIPAL OFFICIALS I
September 30, 1991
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ELECTIVE
CITY OFFICIALS ADDRESS POSITION I
Paul W. Schrader 504 Liberty Mayor
Ron Ritter 15410 Wandering Trail Councilmember - Position No. 1
Mel P. Measeles 1203 Timberlane Councilmember - Position No. 2 II
Evelyn B. Newman 502 Falling Leaf Councilmember - Position No. 3
Ed Stuart 2001 Pine Councilmember - Position No. 4
Harold Raley 125 St. Cloud Councilmember - Position No. 5
Frank Frankovich 656 E. Castle Harbour Councilmember - Position No. 6 II
APPOINTIVE POSITION
Ronald E. Cox 109 Willowick, Friendswood City Manager II
Deloris Archer 109 Willowick, Friendswood City Secretary
Jon Branson 109 Willowick, Friendswood Park and Recreation Director
Alta Carbone P.O. Box 31, Friendswood Tax Assessor-Collector
James E. Thompson 1306 Deepwood, Friendswood Community Development Director II
Melvin L. Meinecke 1306 Deepwood, Friendswood Director of Public Works
Olson & Olson 333 Clay, Suite 3485, City Attorney
Houston
Claudie Pettigrew 109 Willowick, Friendswood Library Director II
Vance Riley 1000 S. Friendswood Drive Fire Marshal
Roger C. Roecker 109 Willowick, Friendswood Director of Finance
Jared D. Stout 109 Willowick, Friendswood Police Chief
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Luis Suarez 109 Willowick, Friendswood Judge - Municipal Court
Russell E. Williams 109 Willowick, Friendswood Emergency Management Director
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EXHIBIT XVII
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EXPIRES
May 1992
May 1992
May 1993
May 1992
May 1993
May 1992
May 1993
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