HomeMy WebLinkAbout1984 09 30 Comprehensive Annual Financial Report - City of Friendswood 11
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11 COMPREHENSIVE ANNUAL FINANCIAL REPORT
CITY OF FRIENDSWOOD, TEXAS
11
For the fiscal year ended
11 September 30, 1984
11
11 Prepared by
Finance Department
David E. Quick
Director of Finance
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il CONTENTS
II Exhibit Page
INTRODUCTORY SECTION 9
IILetter of Transmittal 11-17
Organization Chart 18
IIPrincipal Officials 19
IIFINANCIAL SECTION 21
Accountants' Report 23
II Combined Statements - Overview
("Liftable" General Purpose Financial Statements)
11 Combined Balance Sheet - All Fund Types and
Account Groups 24-27
11 Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
Types 28-29
II Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue, and Debt Service
IIFund Types 30-31
Combined Statement of Revenues, Expenses and
11 Changes in Retained Earnings/Fund Balance -
Proprietary Fund Type and Similar Trust Fund 32-35
Combined Statement of Changes in Financial Position -
IIProprietary Fund Type and Similar Trust Fund 36-37
Notes to Financial Statements 38-59
IIndividual Fund and Account Group
Statements and Schedules 60
II General Fund 62
Comparative Balance Sheet A-1 64
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Statement of Revenues - Budget and Actual A-2 65
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CONTENTS - 2
Exhibit Page
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FINANCIAL SECTION (continued)
Individual Fund and Account Group 1!
Statements and Schedules (continued)
General Fund (continued) I!
Statement of Expenditures - Budget and
Actual - By Function A-3 66
Statement of Expenditures - Budget and
Actual - By Object A-4 67-71
Special Revenue Funds 72 I!
Combining Balance Sheet B-1 74
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Combining Statement of Revenues, Expenditures
and Changes in Fund Balance B-2 75
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Revenue Sharing Fund
Comparative Balance Sheet B-3 76 11
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual B-4 77
Parks and Recreation Fund
Comparative Balance Sheet B-5 78
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual B-6 7911
Mowing fund
Comparative Balance Sheet B-7 80 11
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual B-8 81
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Debt Service Fund 82
Comparative Balance Sheet C-1 84 1!
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balance C-2 85 11
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11 CONTENTS - 3
Exhibit Page
11 FINANCIAL SECTION (continued)
Individual Fund and Account Group
11 Statements and Schedules (continued)
Capital Projects Fund 86
11 Comparative Balance Sheet D-1 88
II Comparative Statement of Revenues, Expenditures
and Changes in Fund Balance D-2 89
Enterprise Fund 90
11 Comparative Balance Sheet E-1 91-92
11 Statement of Revenues and Expenses -
Budget and Actual E-2 93
II Statement of Operating Expenses -
Budget and Actual E-3 94
Schedule of Revenue Bonds Payable E-4 95
IIRevenue Bonds Payable - By Maturity Date E-5 96
11 Fiduciary Fund 98
Comparative Balance Sheet F-1 100
II Comparative Statement of Revenues, Expenditures,
and Changes in Fund Balance F-2 101
11 General Fixed Assets Account Group 102
Schedule of General Fixed Assets - By Sources G-1 104
11 Schedule of General Fixed Assets - By Function
and Activity G-2 105
11 Schedule of Changes in General Fixed Assets -
By Function and Activity G-3 106
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CONTENTS - 4
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Exhibit Page
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FINANCIAL SECTION (continued) it--
Individual Fund and Account Group
,111
Statements and Schedules (continued) ii
General Long-Term Debt Account Group 108 !!
Statement of Changes in General Long-Term Debt H-1 109-110
Schedule of General Long-Term Debt H-2 111-114
General Long-Term Debt - By Maturity Date H-3 115-119
Schedules 120 ijy
Combined Schedule of Investments - All Funds I-1 121-122
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Schedule of Delinquent Taxes Receivable I-2 123
STATISTICAL SECTION 124
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General Revenue - By Source I 125-126
General Government Expenditures - By Function II 127-1281<.
Tax Revenues - By Source III 129
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Property Tax Levies and Collections IV 131-132
Assessed and Estimated Actual Value of
Taxable Property V 133-134 ``
Property Tax Rates and Tax Levies - All
Overlapping Governments VI 135-138
Ratio of Net General Bonded Debt to Assessed
Value and Net Bonded Debt Per Capita VII 139-14011
Computation of Net Direct and Estimated
Overlapping Debt VIII 141 II
Computation of Legal Debt Margin IX 142
Ratio of Annual Debt Service Expenditures for
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General Bonded Debt to Total General Expenditures X 143
Schedule of Revenue Bond Coverage XI 145-1461!
Tax Rate Distribution for Debt Service XII 147
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CONTENTS - 5
qg Exhibit Page
STATISTICAL SECTION (continued)
Principal Taxpayers XIII 148
Schedule of Insurance In Force XIV 149-152
Property Value, Construction and Bank Deposits XV 153
Miscellaneous Statistical Data XVI 154-156
Principal Officials XVII 157-158
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•� .-1. • RALPH L.LOWE
_:`: .g,Z-c( J!T\
' ' orz�� o en swood JMORGAN
City Manager
� �` ` =, Councilmen
,:::?‘,..A r'' 109 WILLOWICK-PHONE 482-3323 LEON BROWN
1.'" • 4 FRIENDSWOOD, TEXAS 77546 EVELYN NEWMAN
PAUL W.SCHRADER
ROBERT WICKLANDER
18l BRUCE BRANHAM
DELORIS McKENZIE
` City Secretary
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Honorable Mayor and Members of
II the City Council of the City of
Friendswood
Friendswood, Texas
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The Comprehensive Annual Financial Report of the City of Friendswood, Texas,
11 for the fiscal year ended September 30, 1984, is submitted herewith. This
report was prepared by the City's Finance Department. Responsibility for
both the accuracy of the presented data and the completeness and fairness
11 of the presentation, including all disclosures, rests with the City. We
believe the data as presented is accurate in all material aspects; that it
is presented in a manner designed to fairly set forth the financial position
11 and results of operations of the City as measured by the financial activity
of its various funds; and that all disclosures necessary to enable the reader
to gain the maximum understanding of the City's financial activity have been
included.
The Reporting Entity and Its Services
The City of Friendswood, Texas adopted a "Home Rule Charter" on October 15,
11 1960. The charter provides for a Mayor-Council form of city government. The
City is located 20 miles southeast of downtown Houston in Harris and Galveston
Counties.
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The City provides its citizens with many services including City adminis-
tration, traffic planning, inspection services, municipal court services and
II a library. However, the services that affect most citizens on a day-to-day
basis are described as follows:
Water and Sewer - The City provides water and sewer services for all resi-
11 dential and commercial locations. The department maintains the system with
a work force of twelve employees. The department is also in planning for
11 future construction of an addition to the Blackhawk Sewer Plant.
Police - The police department consists of twenty-four employees and seven-
teen vehicles. The department provides 24-hour protection to the citizens
of the City.
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Fire - Although the City does not employ its own fire department, it has
purchased fire trucks and other additional equipment for the volunteer fire
11 department. The City employs a fire marshal .
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Streets - The street department is responsible for the repair and mainten-
ance of all City streets. The department consists of nine employees.
Sanitation - The garbage pick-up is contracted with Best Waste Systems, Inc.
Parks - In addition to the maintenance of numerous neighborhood parks, the
park department also maintains Independence Park which consists of fifty
acres of land, a swimming pool and picnic areas.
Animal Shelter - The City employs an animal control officer and maintains
an animal shelter. The animal control officer is responsible for picking !!
up all stray animals within the city limits.
All funds and account groups of the City are included in this report. There P
are no separately administered organizations which should be included as W.
component units, and accordingly, none are included in accordance with NCGA
Statement 3.
Internal Accounting and Budgetary Control
The financial statements were prepared in accordance with generally accepted IF
accounting principles prescribed by the National Council on Governmental Ac-
counting in its 1979 Statement 1 - Governmental Accounting and Financial
Reporting Principles and subsequent Statements and Interpretations, and by
the AICPA in its Industry Audit Guide entitled Audits of State and Local
Governmental Units, as amended.
Governmental Funds (General Fund, Special Revenue Funds, Debt Service Fund,
and Capital Projects Fund) follow the modified accrual basis of accounting.
Under this method, revenues are recognized when they are both measurable
and available and expenditures are recognized when incurred.
The Proprietary Fund Types (Enterprise Fund and non-expendable trust fund)
follow the full accrual basis of accounting. Under this method, revenues
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are recognized at the time they are earned and expenses when incurred.
Transfers are recognized in the accounting period in which the interfund
receivable and payable arise. '
In developing and evaluating the City's accounting system, consideration is
given to the adequacy of internal accounting controls. Internal accounting
controls are designed to provide reasonable, but not absolute, assurance re-
garding (1) the safeguarding of assets against loss from unauthorized use
or disposition and (2) the reliability of financial records for preparing
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financial statements and maintaining accountability for assets. The concept
of reasonable assurance recognizes that (1) the cost of controls should not
exceed the benefits expected to be derived and (2) the evaluation of costs
and benefits requires estimates and judgements by management. !!
We believe that the City' s accounting controls provide reasonable assurance
that errors or irregularities that could be material to the financial state-
ments are prevented or would be detected within a timely period by employees
in the normal course of performing their assigned functions.
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Budgeting is an essential element of the financial planning, control and
evaluation processes of the City. The City requires that an annual budget
be authorized by the City Council before the budget period begins. This
process provides for the initial financial planning of the budget year.
11 Interim budget reports are prepared during the budget period to facilitate
management control and legislative oversight of governmental fund financial
operations.
11 Budgetary control is maintained at the subfunction level by the encumbrance
of estimated purchase amounts prior to the release of purchase orders to ven-
dors. Purchase orders which result in an overrun of subfunction balances are
11 not released until additional appropriations are made available. Open encum-
brances are reported as reservations of fund balance at September 30, 1984.
11 General Government Functions
Revenues for general government functions (General, Special Revenue and Debt
11 Service Funds) totaled $4,503,203 in 1983-84, an increase of 27.12% over
1982-83. General property taxes produced 60.58% of the general revenues com-
pared to 59.67% the preceding year. Sales taxes produced 7.81% of the general
revenues compared to 9.50% the preceding year. The amount of revenue from
11 various sources and the increase or (decrease) over the preceding year are
shown in the following tabulation:
Increase
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1983-84 Percent (Decrease)
Revenue Sources Amount of Total Over 1982-83
11 General property taxes $2,727,942 60.58% $614,227
Business gross receipts taxes 204,275 4.54 52,529
General sales taxes 351,431 7.81 15,197
Other taxes 1,370 .04 135
If Sanitation 431,941 9.60 87,763
4. Intergovernmental 335,077 7.45 237,806
Fines and forfeits 128,694 2.86 26,085
11 Licenses and permits 167,484 3.72 (13,488)
Interest income 112,516 2.50 20,923
Other revenue 42,473 .90 (80,615)
111 TOTAL $4,503,203 100.00% $960,562
Assessed valuations of $346,094,349 represented an increase of 22.96 percent
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over the preceding year. Assessed valuations are at 100% of market value as
it determined by the Galveston County Appraisal District. The assessed tax levy
at October 1, 1983, relating to the fiscal year 1983-84 was $2,491,879, an
I increase of 20.45 percent over the tax levy at October 1, 1982. Current tax
ii collections were 96.32 percent of tax levy, up .14 percent from last year..
0 Delinquent tax collections were $50,915 and represented 2.08 percent of total
collections. The ratio of total collections (current and delinquent) to the
`a' current tax levy was 98.36 percent, a decrease of 3.82 percent from last year.
Allocations of property tax levy by purpose for 1983-84 and the preceding two
411 fiscal years are as follows (amount per $100/assessed value):
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Purpose 1983-84 1982-83 1981-82 f.
General Fund $ .502 $ .4835 $ .530
General Obligation Debt .218 .2515 .245
TOTAL TAX RATE $ .720 $ .7350 $ .775 00
Expenditures for general government purposes totaled $4,940,683, an increase
of 33.72% over 1982-83. Increases or (decreases) in the levels of expenditures 1111
for major functions of the City for the preceding year are shown in the follow-
ing tabulation:
Increase
1983-84 Percent (Decrease)
Function Amount of Total Over 1982-83
General Government $ 812,289 16.45% $ 97,681 !!
Public Safety 1,311,923 26.56 123,709
Public Works 958,188 19.40 361,555
Sanitation 436,299 8.84 99,664
Culture and Recreation 390,361 7.91 75,508
Health and Welfare 48,014 .93 1,432
Debt Service 983,609 19.91 486,204 ill
TOTAL $4,940,683 100.0% $1,245,753 a
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Unreserved fund balances in the major operating funds were maintained at adequate
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levels. The General Fund balance of $429,028 was down $176,684 from the preced-
ing year; the Debt Service Fund balance of $197,749 was up $44,214 from the pre-
ceding year; the Capital Projects Fund balance of $44,475 was down $165,298 from
the prior year; and Special Revenue Fund balance of $27,389 was up $9,937 from
the prior year.
Debt Administration IP
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The ratio of net bonded debt to assessed valuation and the amount of bonded
debt per capita are useful indicators of the City's debt position to municipal
management, citizens, and investors. These data for the City of Friendswood at
the end of the 1983-84 fiscal year were as follows:
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Ratio of Debt to L.
Assessed Value Debt
(100 Percent of Per
Description Amount Present Market) Capita
Net direct bonded debt* $ 8,225,414 2.38% $ 474
Overlapping debt 11,476,719 3.32 661
Total direct and
overlapping debt $19,702,133 5.70% $1,135
* Tax supported debt only.
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Total outstanding tax supported debt (general obligation bonds and certifi-
cates of obligation) at September 30, 1984 totaled $8,423,163. Debt service
funds in the amount of $197,749 were available at September 30, 1984.
11 Water and Sewer
The City's water and sewer utility increased its profitability by 379% from
1982-83 to 1983-84. Comparative data for the past two fiscal years are pre-
sented as follows:
1983-84 1982-83
Operating revenues $2,141,284 $1,450,044
Operating expenses (including depreciation) 1,491,288 1,203,659
Operating income 649,996 246,385
Net other expenses (24,410) (130,859)
Net income before operating transfers 625,586 115,526
11 Operating transfers (219,600) 30,859
NET INCOME $ 405,986 $ 84,667
Median number of water and sewer customers 4,842 4,834
Average water and sewer charge per month $ 61 $ 59
During the year, regularly maturing revenue bonds of $70,000 were retired in
the Enterprise Fund.
Cash Management
Cash temporarily idle during the year was invested in Certificates of deposit
ranging from 30 to 90 days to maturity. Yields on certificates of deposit
ranged from 8.00% to 10.80% during the year ended September 30, 1984.
11 Interest earned for the year was $185,028, up $2,481 from the preceding year.
Past Year's Operations and Future Projections
During the fiscal year 1983-84, the City annexed Clearwoods Improvement District
and assumed approximately $2,255,000 of the District's debt. The City entered
into several water, sewer, and drainage expansion and improvement contracts and,
11 along with the City of League City, received a state grant for the Clear Creek
Drainage Improvement study. The Cities contribute 25% of study expenditures.
The City also received a state grant for flood control planning for Chiggers and
Cowarts Creeks. Mayor Ralph L. Lowe donated 4.5582 acres of land with a market
value of $550,000 to the City for the purpose of construction of a public
swimming pool and fitness center.
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The City of Friendswood entered into an assignment agreement for sewage treat-
ment capacity in the Blackhawk Regional Wastewater Treatment Plant with Baybrook
Convenience Center, Ltd. and the City of Houston on February 10, 1984. The City !!
sold to the City of Houston 22,000 gallons per day of the sewage treatment capa-
city in the Blackhawk Plant in return for the City of Houston providing the
necessary sanitary sewer service to Baybrook's tract of land located within the
city limits of Houston. Baybrook paid the City of Friendswood $28,798 for the
transfer of the sewage treatment capacity of 22,000 gallons.
1!The City budgeted $68,493 of the Revenue Sharing Fund for the purchase of an
IBM System 36 for fiscal year 1985. The City will receive five terminals, two
printers, and two PCAT's. The terminals and PCAT's will be used in the Finance,
Water and Sewer, Municipal Court, City Manager, and Public Works Department.
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The City' s long-term plan is to implement a general ledger/budgetary accounting,
project accounting, accounts payable, payroll, utility billings, fixed assets,
agenda/indexing, police, court, library and building permits applications. The !!
City believes that this will expedite the accounting process and allow on-line
processing and the automation of all departments.
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Independent Audit
The City Charter requires an annual audit of the financial statements of all of
the various funds of the City by a certified public accountant selected by the 1!
City Council. The requirement has been complied with and the auditors' opinion
has been included in this report.
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In compliance with provisions of the Revenue Sharing Act, the City has elected
to have an audit each year of the Special Revenue (Revenue Sharing) Fund.
1111
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Certificate of Conformance
The Government Finance Officers Association of the United States and Canada (GFOA)
awards a Certificate of Conformance in Financial Reporting to governmental units
for their comprehensive annual financial report.
In order to be awarded a Certificate of Conformance, a governmental unit must 11
publish an easily readable and efficiently organized comprehensive annual finan-
cial report, whose contents conform to program standards. Such reports must
satisfy both generally accepted accounting principles and applicable legal re-
quirements.
A Certificate of Conformance is valid for a period of one year only. We believe
our current report conforms to Certificate of Conformance Program requirements,
and we are submitting it to GFOA to determine its eligibility for a certificate.
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Acknowledgements
The preparation of this report on a timely basis was accomplished with the
efficient and dedicated services of the entire staff of the Finance Department.
I express my appreciation to all members of the department who assisted and
contributed to its preparation. I also thank your office and the members of
the City Council for their interest and support in planning and conducting
the financial operations of the City in a responsible and progressive manner.
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Respectfully submitted,
4„.„1,0
David E. Quick
Director of Finance
City of Friendswood
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ORGANIZATION CHART
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
hl.edswo/ Volunteer sirs Department
Vurioua Appoloted
bards ..1 / Fire Old
Ad hoc Committees `e / Ada. irs.11sat Aalulance Chi.,
Kayos and Council
City Attorney L — — —
' J City Secretary
Municipal Julie
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Co
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Director Director
of of ?ire MarshalFireman ?teasel.' Court Clark Chof
ief i
Library Ss nits. ru►lie YorksMinorCo.aunicaclone
Police Supervisor
Data rsoaasiat .r ACWUMS
Par Payable
rayalla
Streets ail
tacrsatiss
Water Wass i Sewer I sacral Cringe/ItHumaneen1 ", Outlets, Administration
Iwestiptioa
Saver •
11 PRINCIPAL OFFICIALS
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
MAYOR
Ralph Lowe
Councilman Councilman
Position No. 1 Position No. 4
Leon Brown Paul Schrader
Mayor Pro-Tem
Councilman Councilwoman
Position No. 2 Position No. 5
Robert Wicklander Jan Jordan
Councilwoman Councilman
Position No. 3 Position No. 6
Evelyn B. Newman Bruce Branham
City Manager
11 James C. Morgan
City Secretary Director of Finance Tax Assessor
11 Deloris McKenzie David E. Quick Alta Carbone
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FINANCIAL SECTION
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EIRL L2IIRSON CO.
A PROFESSIONAL GORPORATION
CERTIFIED PUBLIC ACCOUNTANTS
713-880-0830
2100 WEST 18T" STREET
P. 0.BOX 500017
HOUSTON,TEXAS 77250-0017 SUITE 202
HOUSTON,TEXAS 77008
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Honorable Mayor and Members of
71 City Council
City of Friendswood, Texas
1! We have examined the combined financial statements of the City of Friendswood,
Texas and the individual fund and account group financial statements of the
City as of and for the year ended September 30, 1984, as listed in the table of
contents. Our examination was made in accordance with generally accepted
auditing standards and, accordingly, included such tests of the accounting
records and such other auditing procedures as we considered necessary in the
!I circumstances.
In our opinion, the combined financial statements referred to above present
1! fairly the financial position of the City of Friendswood, Texas at September 30,
1984, and the results of its operations and the changes in financial position of
its proprietary fund type for the year then ended, in conformity with generally
!! accepted accounting principles applied on a basis consistent with that of the
preceding year. Also, in our opinion, the individual fund and account group
financial statements referred to above present fairly the financial position of
the individual funds and account groups of the City of Friendswood, Texas at
11 September 30, 1984, and the results of operations of such funds and the changes
in financial position of the proprietary fund for the year then ended, in
conformity with generally accepted accounting principles applied on a basis
1! consistent with that of the preceding year.
Our examination was made for the purpose of forming an opinion on the combined
11 financial statements taken as a whole and on the individual fund and account
group financial statements. The accompanying other financial information as
listed in the table of contents is presented for purposes of additional analysis
and is not a required part of the combined financial statements of the City of
11 Friendswood, Texas. The information has been subjected to the auditing pro-
cedures applied in the examination of the combined, individual fund, and account
group financial statements and, in our opinion, is fairly stated in all material
11 respects in relation to the combined financial statements taken as a whole.
11 •
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Houston, Texas
December 17, 1984
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 1 of 2 ■
CITY OF FRIENDSWOOD, TEXAS
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September 30, 1984
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
ASSETS GENERAL REVENUE SERVICE PROJECTS 111
CASH - including certificates
of deposit 1984 - $571,523, 10
1983 - $911,902 $545,715 $ 7,028 $197,749 $44,475
RECEIVABLES - net where
applicable, of allowances PP
for uncollectibles
Taxes 117,660 51,720
Accounts 38,403
Grantor agencies 19,264 20,440
Interest
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DUE FROM OTHER FUNDS - Note 3 96,199
PREPAID EXPENSES AND
OTHER ASSETS 10,206
RESTRICTED ASSETS
Cash - including certificates
of deposit 1984 - $944,828 !!
1983 - $590,467 10,427
Land
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GENERAL FIXED ASSETS - at cost
PROPERTY, PLANT AND EQUIPMENT I!
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at cost less accumulated
depreciation - Note 7
AMOUNT AVAILABLE IN DEBT
SERVICE FUNDS
AMOUNT TO BE PROVIDED FORI!
RETIREMENT OF GENERAL LONG-
TERM DEBT
TOTAL ASSETS $827,447 $37,895 $249,469 $44,475
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PROPRIETARY FIDUCIARY TOTALS
II FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY)
GENERAL GENERAL
NON-EXPENDABLE FIXED LONG-TERM
IIENTERPRISE TRUST ASSETS DEBT 1984 1983
II $ 171,039 $ 966,006 $ 1,301,859
II
169,380 123,882
188,540 226,943 217,504
39,704 17,497
3,885 3,885
II486 96,685 285,301
II10,206 8,928
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984,522 $16,796 1,011,745 597,901
11 57,200 57,200 57,200
$8,737,049 8,737,049 7,355,604
II
15,648,315 15,648,315 12,527,217
II
$ 197,749 197,749 153,535
II
II8,225,414 8,225,414 6,370,628
$16,996,787 $73,996 $8,737,049 $8,423,163 $35,390,281 $29,017,056
II
See accompanying notes to financial statements.
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2 of 2
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GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
LIABILITIES AND FUND EQUITY
LIABILITIES
ACCOUNTS PAYABLE AND ACCRUED �
EXPENSES $280,273
PAYABLE FROM RESTRICTED ASSETS
Accrued interest
Revenue bonds - current portion !!
Deposits
DUE TO OTHER FUNDS - Note 3 486 $10,506
DEPOSITS
DEFERRED REVENUE 117,660 $ 51,720 !!
LEASE OBLIGATION
REVENUE BONDS
GENERAL OBLIGATION BONDS AND !!
CERTIFICATES OF OBLIGATION
TOTAL LIABILITIES 398,419 10,506 51,720
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FUND EQUITY
CONTRIBUTED CAPITAL
INVESTMENT IN GENERAL FIXED
ASSETS !!
RETAINED EARNINGS
Reserved for revenue bond
retirement
Reserved for construction
Unreserved
FUND BALANCES
Reserved for encumbrances
Reserved for prepaid expenses 10,206
Reserved for endowments
Reserved for park expenditures 10,427
Unreserved
Designated for construction 16,962 $44,475
Designated for debt service 197,749
Undesignated 418,822
TOTAL FUND EQUITY 429,028 27,389 197,749 44,475
TOTAL LIABILITIES
AND FUND EQUITY $827,447 $37,895 $249,469 $44,475
= __v____ ======== ======
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PROPRIETARY FIDUCIARY TOTALS
ll FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY)
GENERAL GENERAL
NON-EXPENDABLE FIXED LONG-TERM
IIENTERPRISE TRUST ASSETS DEBT 1984 1983
II $ 137,485 $ 417,758 $ 267,437
7,875 7,875 8,212
1 70,000 70,000 70,000
75,578 75,578 55,737
85,693 96,685 285,301
11 - 2,440
169,380 123,882
$ 14,163 14,163 53,663
1,540,000 1,540,000 1,610,000
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8,409,000 8,409,000 6,470,500
1,916,631 8,423,163 10,800,439 8,947,172
II
12,741,492 12,741,492 9,722,412
I! $8,737,049 8,737,049 7,355,604
II322,768 322,768 227,574
975,992 975,992 284,142
1,039,904 1,039,904 1,420,962
160,000
10,206 8,928
II $67,200 67,200 67,200
10,427 18,731
61,437 209,773
11 197,749 153,535
6,796 425,618 441,023
15,080,156 73,996 8,737,049 24,589,842 20,069,884
1 $16,996,787 $73,996 $8,737,049 $8,423,163 $35,390,281 $29,017,056
I
See accompanying notes to financial statements.
II
-27-
r
r
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - ALL GOVERNMENTAL
FUND TYPES
CITY OF FRIENDSWOOD, TEXAS
Pi
Year ended September 30, 1984
GOVERNMENTAL FUND TYPES !!
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
REVENUES
Taxes - Note 9 $2,287,529 $ 997,489 !!
Charges for services 431,941 $ 16,414
Fines and forfeitures 128,694
Licenses and permits 167,484
Intergovernmental revenue 253,317 81,760
Interest income 81,722 460 30,334 $ 8,066
Insurance settlements 16,513I!
Other revenues 5,781 3,765
TOTAL REVENUES 3,372,981 102,399 1,027,823 8,066
EXPENDITURES !!
General government 812,289
Public safety 1,311,923
Public works 954,329 3,859 248,018 01
Sanitation 436,299
Culture and recreation 363,057 27,304
Health and welfare 48,014 !!
Debt service
Principal retirement 356,000
Interest and fiscal charges 627,609
TOTAL EXPENDITURES 3,925,911 31,163 983,609 248,018 !!
REVENUES OVER
(UNDER) EXPENDITURES (552,930) 71,236 44,214 (239,952) 11
OTHER FINANCING SOURCES (USES)
Refund of performance deposit
Operating transfers in 454,400 3,500 74,654 11
Operating transfers out (78,154) (64,799)
TOTAL OTHER FINANCING
II
SOURCES (USES) 376,246 (61,299) - 74,654
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES11
AND OTHER (USES) (176,684) 9,937 44,214 (165,298)
Fund balances at beginning of year 605,712 17,452 153,535 209,773
II
FUND BALANCES AT
END OF YEAR $ 429,028 $ 27,389 $ 197,749 $ 44,475
11
-28II-
II
II
II
11 TOTALS
(MEMORANDUM ONLY)
1984 1983
11 $3,285,018 $2,602,930
448,355 358,032
II
128,694 102,609
167,484 180,972
335,077 97,271
11 120,582 141,813
16,513 83,387
9,546 25,847
4,511,269 3,592,861
II
812,289 714,608
II 1,311,923 1,190,964
1,206,206 1,567,591
436,299 336,635
II 390,361 316,714
48,014 46,582
356,000 123,759
II 627,609 373,646
5,188,701 4,670,499
11 (677,432) (1,077,638)
I
- (50,171)
532,554 399,629
(142,953) (308,770)
I389,601 40,688
(287,831) (1,036,950)
II986,472 2,023,422
I- ---------- ------
I $ ,472
4__
See accompanying notes to financial statements.
-29-
IF
!!
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGETED AND ACTUAL - GENERAL, SPECIALPO
REVENUE AND DEBT SERVICE FUND TYPES
ip
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1984 !!
GENERAL FUNDPli
VARIANCE gv
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
1!
REVENUES
Taxes - Note 9 $2,221,000 $2,287,529 $ 66,529
Charges for services 451,000 431,941 (19,059) !!
Fines and forfeitures 120,000 128,694 8,694
Licenses and permits 86,000 167,484 81,484
Intergovernmental revenue 313,109 253,317 (59,792)
Interest income 50,000 81,722 31,722 !!
Insurance settlements - 16,513 16,513
Other income 11,150 5,781 (5,369)
!!
TOTAL REVENUES 3,252,259 3,372,981 120,722
EXPENDITURES !!
General government 852,032 812,289 39,743
Public safety 1,293,945 1,311,923 17,978
Public works 934,357 954,329 (19,972)
Sanitation 445,000 436,299 8,701 I:
Culture and recreation 324,783 363,057 (38,274)
Health and welfare 48,450 48,014 436
Debt serviceI!
TOTAL EXPENDITURES 3,898,567 3,925,911 (27,344)
REVENUES OVER 11
(UNDER) EXPENDITURES (646,308) (552,930) 93,378
OTHER FINANCING SOURCES (USES) II
Operating transfers in 432,293 454,400 22,107
Operating transfers out (48,750) (78,154) (29,404)
TOTAL OTHER FINANCING !!
SOURCES (USES) 383,543 376,246 (7,297)
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER USES $ (262,765) (176,684) $ 86,081
as== :=aa.aaa
I
Fund balances at beginning of year 605,712
FUND BALANCES AT !!
END OF YEAR $ 429,028
-30-
II
II
SPECIAL REVENUE FUND DEBT SERVICE FUND
Il VARIANCE VARIANCE
FAVORABLE FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE)
11
$ 980,300 $ 997,489 $17,189
II $ 8,000 $ 16,414 $ 8,414
II 54,293 81,760 27,467
460 460 15,000 30,334 15,334
500 3,765 3,265
II62,793 102,399 39,606 995,300 1,027,823 32,523
II
II4,000 3,859 (141)
8,000 27,304 19,304
II1,002,219 983,609 18,610
12,000 31,163 (19,163) 1,002,219 983,609 18,610
II
54,793 71,236 20,443 (6,919) 44,214 51,133
II
3,500 3,500 -
(54,293) (64,799) (10,506)
I (50,793) (61,299) (10,506) - - -
11
$ -0- 9,937 $ 9,937 $ (6,919) 44,214 $51,133
IIsss===== _= ssaasss
17 452 153 535
II $ 27,389 $ 197,749
II See accompanying notes to financial statements.
-31-
111
COMBINED STATEMENT OF REVENUES, EXPENSES AND l
CHANGES IN RETAINED EARNINGS/FUND BALANCE - ilk
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND 1 of 2
OP
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1984
1111
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE iiiv
ENTERPRISE TRUST
Operating revenues
11
Water and sewer sales and services $2,012,796 ii
WCID #108 sewer fee 123,589
Fees and penalties 3,459
Other 1,440 Ill
2,141,284 iliv.,
Operating expenses
Water departmentIll
Personal services 146,181 rik
Supplies 35,421
Other services and charges 86,774
Maintenance 56,029 01
324,405
Sewer department
Personal services 86,564 ;=.
Supplies 14,301
Other services and charges 132,200
Maintenance 95,006
ril
Waste disposal fees 420,265
748,336
OPERATING INCOME
BEFORE DEPRECIATION 1,068,543 !!
Depreciation 418,547
OPERATING INCOME 649,996
Non-operating revenues (expenses) !!
Interest revenue 63,168 $1,278
Intergovernmental revenue 13,937
Interest expense (96,515)
I!
Bond cost amortization (5,000)
(24,410) 1,278
INCOME (LOSS) BEFORE
OPERATING TRANSFERS 625,586 1,278 !!
Operating transfers out for retirement
of general obligation bonds - Note 12 (208,000)
Operating transfers in (out) (11,600)
(219,600) '
NET INCOME 405,986 1,278
I:
1!
-32-
II
II
II
11 TOTALS
(MEMORANDUM ONLY)
1984 1983
II $2,012,796 $1,308,564
123,589 132,286
II 3,459 3,490
1,440 5,704
2,141,284 1,450,044
II146,181 143,598
35,421 32,629
II 86,774 80,662
56,029 94,318
324,405 351,207
II86,564 76,278
14,301 10,915
132,200 104,853
II
95,006 34,700
420,265 283,982
748,336 510,728
II1,068,543 588,109
418,547 341,724
II649,996 246,385
64,446 40,734
13,937
II (96,515) (166,593)
(5,000) (5,000)
(23,132) (130,859)
11 626,864 115,526
I (208,000) -
(11,600) (30,859)
(219,600) (30,859)
I407,264 84,667
IISee accompanying notes to financial statements.
-33-
11
COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS/FUND BALANCE -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND - 2 of 2
P
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE Via.
NON-EXPENDABLE
ENTERPRISE TRUST
!!
Retained earnings/fund balance at
beginning of year 1,932,678 72,718
RETAINED EARNINGS/FUND BALANCE
AT END OF YEAR $2,338,664 $73,996
========== _______
lir
-34-
I
I
11
I
TOTALS
(MEMORANDUM ONLY)
1984 1983
2,005,396 1,920,729
$2,412,660 $2,005,396
11
I
I
I
I
I
See accompanying notes to financial statements.
-35-
I
1111
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION - IP
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND
CITY OF FRIENDSWOOD, TEXAS
i
Years ended September 30, 1984 and 1983
IF
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE
!!
ENTERPRISE TRUST
SOURCE OF WORKING CAPITAL
!!
Operations
Net income $ 405,986 $ 1,278
Expenses not requiring current outlay of
financial resources1!
Depreciation 418,547
Amortization 5,000
Working capital provided from operations 829,533 1,278 PP
Contributed capital - Clearwoods
Improvement District 3,019,080
Sale of revenue bonds
3,848,613 1,278
USES OF WORKING CAPITAL
Acquisition of property, plant and equipment 3,539,645 !!
Retirement of long-term debt 75,000
3,614,645
INCREASE IN WORKING CAPITAL $ 233,968 $ 1,278 1!
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING 11
CAPITAL
Cash - restricted and unrestricted $ 328,955 $ 1,278
Accounts receivable 496 !!
Accrued interest (5,000)
Prepaid expenses 3,885
Due from other funds 61
!!
Advances to joint venture -
Revenue bonds - current portion -
Accounts payable (46,277)
Customer meter deposits (19,841) 11
Due to other funds (5,781)
Accrued expenses (22,530)
INCREASE IN WORKING CAPITAL $ 233,968 $ 1,278 1!
l!
-36-
46
11
1!
TOTALS
11 19(87 MO RAND UM ON Y)RAN U L
1983
$ 407,264 $ 84,667
418,547 341 ,724
5,000 5,000
11 830,811 431,391
3,019,080
235,000
3,849,891 666,391
3,539,645
7 150,838
5,000 135,000
3,614,645 285,838
111 $ 235,246 $ 380,553
$ 330,233 $ 318,602
496 59,753
(5,000)
3,885 (5,278)
1! 61 (75)
(56,230)
60,000
(46,277) (11,528)
(19,841) (3,140)
(5,781) (29,451)
(22,530) 47,900
11 $ 235,246 $ 380,553
See accompanying notes to financial statements.
11
-37-
IP
b
OR
MO
NOTES TO FINANCIAL STATEMENTS
CITY OF FRIENDSWOOD, TEXAS
OP
September 30, 198410
1. ORGANIZATION
The City of Friendswood, Texas was incorporated in and adopted a Home Rule
Charter on October 15, 1960. The charter provides for a Mayor-Council form
of city government.
PP
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. THE REPORTING ENTITY
111/
In accordance with NCGA Statement 3, defining the Governmental Reporting
Entity, the Financial Statements of the City of Friendswood include all
funds and account groups under direct control of the City Council. 1/1
NCGA Statement 3 states that a reporting entity shall include, as com-
ponent units, any separately administered organizations which are con-
trolled by, or dependent on, the reporting entity. Based upon the PP
established criteria for determining control or dependence such as
selection of governing authority, designation of management, influence
over operations, and fiscal accountability, there are no separately
P.
administered organizations which should be included as component units,
and, accordingly, none are included.
B. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS
The City of Friendswood's accounts are organized on the basis of funds and
account groups, each of which is considered a separate accounting entity. r
The operations of each fund are accounted for by providing a separate set
of self-balancing accounts that comprise its assets, liabilities, fund
equity, revenues and expenditures or expenses. Government resources are
PP
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 funds and two account groups described
below:
GOVERNMENTAL FUND TYPES
General Fund !!
The General Fund is used to account for all financial transactions which
are not accounted for in another fund. The primary sources of revenue of
the General Fund are property taxes, sales and use taxes, charges for `'
sanitation services, franchises, permits, and fines and forfeitures.
Primary expenditures are for general government, public safety, public
works, sanitation, culture and recreation, and health and welfare.
1!
-38-
I!
!!
NOTES TO FINANCIAL STATEMENTS - 2
1!
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
1! GOVERNMENTAL FUND TYPES (continued)
Debt Service Fund
!! The Debt Service Fund is used to account for the payment of principal
and interest on all general long-term debt of the City. The primary
1! source of revenue for debt service is general property taxes.
Special Revenue Funds
1! The Special Revenue Funds are used to account for Revenue Sharing entitle-
ments received from the Federal Government under the State and Local
Fiscal Assistance Act of 1972. Capital improvements are charged to ex-
penditures in the accounts of this fund and capitalized in either the
Water and Sewer Fund or General Fixed Assets Group of Accounts. They
are also used to account for Parks and Recreation rental and mowing
!! revenues.
Capital Projects Fund
The Capital Projects Fund is used to account for the receipt and expendi-
ture of resources used for acquisition and construction of major capital
facilities. The principal resources of the Capital Projects Fund are
grants and proceeds of long-term debt.
PROPRIETARY FUND TYPE
Enterprise Fund
The Enterprise Fund is established to account for operations of the Water
and Sewer Department and the construction of related facilities. The fund
is intended to be self-supporting through user charges.
FIDUCIARY FUND TYPES
Trust Fund
The Trust Fund is used to account for assets held by the City in a
trustee capacity for individuals and private organizations.
The Non-Expendable Trust Fund (1776 Park Trust Endowment Fund) is used
to account for the legally restricted non-expendable 1776 Park land
trust corpus and the legally restricted non-expendable 1776 Park main-
!' endowment cash trust corpus.
-39-
PR
NOTES TO FINANCIAL STATEMENTS - 3
PP
a
PP
a
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
PO
A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS (continued)
ACCOUNT GROUPS
General Fixed Assets Account Group
The General Fixed Assets Account Group is used to account for the PP
City's land, buildings, improvements, and equipment except those ,
recorded in the Enterprise Fund or are held in Trust. Such assets
are acquired by transfer from other funds and are recorded at
cost. No depreciation is recorded on these assets.
General Long-Term Debt Account Group
P
The General Long-Term Debt Account Group is used to account for
general obligation bonds and certificates of obligation (excluding
liabilities of the Enterprise Fund). PP
B. MEASUREMENT FOCUS
PP
Governmental (General , Special Revenue, Debt Service, and Capital kw
Projects) fund types are accounted for on a "spending" or "financial
flow" measurement focus. Accordingly, only current assets and
current liabilities are included on their balance sheets and the ,111
reported fund balance provides an indication of available spendable
or appropriable resources. Operating statements for governmental
fund types report increases and decreases in available spendable
resources.
Proprietary (Enterprise) fund types are accounted for on an "income
!!
determination" or "cost of services" measurement focus. Accordingly,
all assets and all liabilities are included in their balance sheets,
and the reported fund equity provides an indication of the economic
net worth of the fund. Operating statements for proprietary fund
types report increases and decreases in total economic net worth.
Fiduciary funds are accounted for as either governmental or pro !!
-
prietary, depending upon their nature. Non-expendable trust funds
are accounted for as proprietary fund types.
!!
-40-
11
NOTES TO FINANCIAL STATEMENTS - 4
11
11 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
!! C. BASIS OF ACCOUNTING
MODIFIED ACCRUAL BASIS OF ACCOUNTING
All governmental funds and expendable trust funds are accounted for
using the modified accrual basis. Their revenues are recognized in
the accounting period in which they become susceptible to accrual,
i.e. , both measurable and available to finance expenditures of the
11
current period. For reporting purposes, the current period includes
the sixty days immediately following September 30. Expenditures are
!! recognized in the accounting period in which the fund liability is
incurred with the exception of interest on long-term debt.
The treatment of specific revenue and expenditure items is described
11 below:
(1) General property taxes are recorded when received. Property taxes
11 receivable have been recorded as deferred revenues at September 30,
1984. Property taxes collected within sixty days subsequent to
September 30, 1984 have not been recorded as the amount is not
11 considered material.
(2) Insurance premiums are charged to expenditures when paid.
(3) 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 fol-
lowing year without City Manager approval. Amounts accrued in
these financial statements represent the unused portion of vaca-
di
tion at September 30, 1984. Longevity begins to accumulate after
one year of employment at a rate of $4 per month and is paid each
December. As of September 30, 1984, accrued sick pay, vacation
and longevity pay were as follows :
Fund Sick Pay Vacation Longevity Total
General Fund $86,983 $26,421 $ 9,891 $123,295
Enterprise Fund 12,665 2,157 1,803 16,625
11 $99,648 $28,578 $11,694 $139,929
These amounts do not exceed normal years' accumulations.
1! (4) Principal and interest on general long-term debt is recognized
when due.
1!
-41-
OP
p
U'
NOTES TO FINANCIAL STATEMENTS - 5
IP
PP
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) ‘11.!
C. BASIS OF ACCOUNTING (continued)
(5) Insignificant supplies inventories are charged to expenditures when
purchased. p
(6) Franchise fees, fines, licenses and permits, and sales tax are rec-
ognized when received. Sanitation fees and Revenue Sharing entitle-
ments are recorded when earned.
(7) Investment earnings are not accrued in the governmental fund types
and Expendable Trust and Agency Funds. I.
ACCRUAL BASIS OF ACCOUNTING
OP
The accrual basis of accounting is followed in all Proprietary funds and
Non-expendable Trust Funds. Under the accrual basis of accounting, rev-
enues are recognized when earned, and expenses are recorded when incurred.
PP
The service revenues of four utility cycles are based upon service rates 10.
authorized by the City Council and generated via bimonthly billings to
customers. Earned, but unbilled, revenues are accrued and reported in P
the financial statements as unbilled receivables.
D. ENCUMBRANCES
PP
Encumbrances are obligations which are chargeable to an appropriation
and for which a part of the appropriation is reserved. The encumbrance
ceases when the obligation is paid, when the actual liability is incurred, OP
or when the appropriation lapses. There were no encumbrances outstanding 4a
at September 30, 1984.
PP
p
1
r
-42-
11
11 NOTES TO FINANCIAL STATEMENTS - 6
11
11 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
E. BUDGETS
Procedures in establishing budgetary data reflected in the financial
statements are as follows :
(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 hear-
ing. The Council shall adopt the budget by ordinance on one reading
on or before the 15th day of September. Adoption of the budget re-
quires an affirmative vote of at least a majority of all the members
of Council. Adoption of the budget shall constitute appropriations
of the amounts specified therein as expenditures from the funds
indicated and shall constitute a levy of the property tax therein
proposed. Council may amend the budget before adoption provided
that no amendment to the budget shall increase the authorized
expenditures to an amount greater than the total of estimated
11 income plus funds available from prior years.
(2) If during the fiscal year the City Manager certifies that there
are available for appropriation revenues in excess of those esti-
mated in the budget, the Council by ordinance may make supplemental
appropriation for the year up to the amount of such excess.
(3) At any time during the fiscal year, the City Manager may transfer
part or all of any unencumbered appropriation balance among pro-
grams 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. The legal level of
11 control is the total approved budget for each fund.
(4) 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.
(5) Budgets for the General , Special Revenue, Debt Service, and Enter-
prise Funds are adopted on a basis consistent with generally
accepted accounting principles (GAAP).
-43-
01
t
PO
NOTES TO FINANCIAL STATEMENTS - 7
yin
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
E. BUDGETS (continued)
(6) Every appropriation, except an appropriation for a capital expendi-
ture, shall lapse at the close of the fiscal year to the extent that
I!
it has not been expended or encumbered. An appropriation for a
capital expenditure shall continue in force until the purpose for
which it was made has been accomplished or abandoned; the purpose
of any such appropriation shall be deemed abandoned if three years
pass without any disbursement from or encumbrance of the appropri-
ation.
The City of Friendswood has complied with all budget requirements for
the year ended September 30, 1984.
F. FIXED ASSETS 1!
Fixed assets are stated at cost or, if the cost is not determinable, at
estimated cost. Donated fixed assets are recorded at their estimated 1!
fair value on the date received. Costs incurred for the purchase or con-
struction of general fixed assets are recorded as capital outlay expendi-
tures in the General and Capital Projects Funds. All such costs are P
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 infrastruc-
ture fixed assets such as bridges, roads, drainage systems, etc. are 1!
capitalized along with other general fixed assets.
Depreciation of all exhaustible fixed assets used by the Enterprise11
Fund is charged as an expense against its operations. Allowance for
depreciation is reported in the Enterprise Fund balance sheet. Depre-
ciation has been provided over the estimated useful lives using the
straight-line method. The estimated useful lives are as follows:
Assets Life
Equipment 3-10 years 11
Water and Sewer System 50 years
No depreciation is provided for the general fixed assets of the City.
G. 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.
11
-44-
11
NOTES TO FINANCIAL STATEMENTS - 8
11
11
11 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
H. GENERAL PROPERTY TAXES
All taxes due the City on real or personal property are payable at the
Office of the City Assessor-Collector and may be paid at any time after
the tax rolls for the year have been completed and approved, which is no
later than October 1. Taxes are due by February 1 , and all taxes not
paid prior to this date are deemed delinquent and are subject to such
penalty and interest as the Council may provide by ordinance. All
11 property located within the City limits on the first day of January of
each year are charged with a special lien in favor of the City from such
date for taxes due thereon.
11 I. "MEMORANDUM ONLY" CAPTIONS
The "memorandum only" captions on the total columns of the combined
11 statements indicate that totals are presented only for overview infor-
mational purposes. Data in these columns do not present financial position,
results of operations, or changes in financial position in conformity
11 with generally accepted accounting principles.
J. ALLOWANCES
11 Allowance for doubtful accounts have been recorded at September 30, 1984
as follows:
Fund Type of Account Amount
Enterprise Fund Water and Sewer billings $10,000
3. INTERFUND RECEIVABLES AND PAYABLES
The following is a summary of amounts due from and due to other funds:
Due From Due To
General Fund
Water and Sewer Fund $85,693 $ 486
Special Revenue 10,506
96,199 486
Special Revenue Fund
General Fund 10,506
Enterprise Fund
General Fund 486 85,693
TOTAL ALL FUNDS $96,685 $96,685
11
-45-
OP
OP
OP
NOTES TO FINANCIAL STATEMENTS - 9
PP
4. PENSION PLAN
0
The City participates in the Texas Municipal Retirement System. All full
time employees are covered by the pension plan. i
The date of the most recent actuarial valuation is December 31, 1983. The
valuation was based on the plan of benefits in effect on January 1, 1984.
The actuarial cost method used was the Unit Credit Actuarial Cost Method.
The unfunded accrued liability is being amortized with a level percent of
payroll over a period of 25 years which began January, 1984. Total pension
payments for the year ended September 30, 1984 were:
City Contribution Rates (as a percent of payroll)
1984 1983
Normal cost contribution rate 2.27% 2.00%
Prior service contribution rate .45% .29%
:!
Total retirement contribution rate 2.72% 2.29%
Actuarial Present Value of Accrued Benefits !!
December 31, December 31,
1983 1982
Vested !!
a. Annuitants $ -0- $ -0-
b. Nonretired members 461,046 226,452
Nonvested 114,881 157,382
!!
Total $575,927 $383,834
!!
Total Assets (book value) $445,372 $326,385
Unfunded Accrued Liability $130,555 $ 57,449 11
There have been no changes in the actuarial cost method since the previous 111
valuation; however, the actuarial assumptions have been changed. The change
decreased the unfunded accrued liability by $13,156 and decreased the 1985
retirement contribution rate by .17%. The assumptions were developed fromI!
the experience of the System. The withdrawal and payroll increase assump-
tions also reflect the experience of the City. The payroll was asssumed to
increase 5% per year. !!
Changes in benefits have been made since the previous valuation which affect
comparability of the two valuations.
-46-
NOTES TO FINANCIAL STATEMENTS - 10
4. PENSION PLAN (continued)
Since the System is of the money-purchase type, the interest earned by the
System and realized investment gains and losses are distributed annually to
the accounts of the members and the municipalities. Gains (losses) from
other sources decrease (increase) the unfunded accrued liability and are
thus amortized using a spread method. There has been no change in the
treatment of actuarial gains and losses since the previous valuation.
Because of the money-purchase nature of the System, there is no need for
an interest rate assumption in valuing the actuarial present value of ac-
crued benefits for nonretired members. For annuitants, the actuarial pre-
sent value of benefits is calculated using a 5% interest rate assumption.
The 5% assumption is also used in calculating the prior service contribu-
tion rate.
11 December 31, December 31,
1983 1982
Excess vested benefits over (under)
book value of assets $15,674 $(99,933)
=======
5. BONDED DEBT
Changes in Bonded Debt of the City during the year ended September 30,
1984 are summarized as follows:
11 General
Long-Term Revenue
Debt Bonds Total
Balance at October 1 , 1983 $6,470,500 $1,680,000 $ 8,150,500
General obligation debt assumed
due to annexation of
Clearwoods Improvement District 2,255,000 - 2,255,000
Debt retired 316,500 70,000 386,500
BALANCE AT SEPTEMBER 30, 1984 $8,409,000 $1 ,610,000 $10,019,000
11
-47-
!I
!!
NOTES TO FINANCIAL STATEMENTS - 11
11
!!
5. BONDED DEBT (continued)
>z,
Bonded debt at September 30, 1984 is comprised of the following issues:
Principal Balance Due II
Balance Within One
Description Sept. 30, 1984 Year
General Obligation Bonds
Waterworks and Sewer System Unlimited Tax Bonds, I!
Series 1962 due in annual installments of $25,000
to $35,000 through March 1, 1999, interest at 4.50
percent. $ 150,000 $ -0-
Waterworks and Sewer System Unlimited Tax Bonds,
Series 1963 due in annual installments of $7,000
to $10,000 through March 1, 1992, interest at
4.25 percent. 72,000 7,000
Sewer Improvement Bonds, Series 1967 due in annual
installments of $15,000, interest at 4.20 percent. 60,000 15,000 I!
General Obligation Refunding Bonds, Series 1969 due
in annual installments of $10,000 to $20,000 1!
through March 1, 1993, interest at 5 percent. 134,000 10,000
General Obligation Bonds, Series 1973 due in annual11
installments of $10,000 to $15,000 through June 1,
1995, interest at 5.50 percent. 60,000 15,000
Drainage Improvement Bonds, Series 1973 due in annual
installments of $10,000 to $15,000 through June 1,
1995, interest at 6.00 to 6.10 percent. 100,000 -0-
I!
General Obligation Bonds, Series 1974 due in annual
installments of $10,000 to $90,000 through March 1 ,
1999, interest at 7.75 to 7.90 percent. 645,000 10,000 II
-48 11
-
11
11
NOTES TO FINANCIAL STATEMENTS - 12
11
11
5. BONDED DEBT (continued)
Principal Balance Due
Balance Within One
Description Sept. 30, 1984 Year
11
General Obligation Bonds (continued)
11 Street Improvement Bond, Series 1977 due in annual
installments of $15,000 to $260,000 through June 1,
2000, interest at 5.50 to 6.00 percent. 1,265,000 35,000
General Obligation Bonds, Series 1979 due in annual
installments of $15,000 to $30,000 through March 1,
1996, interest at 6.00 to 7.00 percent. 310,000 20,000
11
Street Improvement Bonds, Series 1982 due in annual
installments of $25,000 to $220,000 through March 1,
1997, interest at 11.00 to 13.00 percent. 1,475,000 25,000
11 Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1964 due in installments of
$20,00 to $35,000 through August 1, 1999,
interest at 5.00 percent. 415,000 20,000
11
Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1970 due in installments of
$45,00 to $65,000 through April 1, 1989, interest
at 8.50 percent. 285,000 50,000
Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1970-A due in installments
of $70,000 to $95,000 through April 1, 2000,
interest at 8.50 percent. 540,000 -0-
Waterworks and Sewer System Combination Tax
and Revenue Refunding Bonds, Series 1972 due11
in installments of $35,000 to $105,000 through
April 1, 2000, interest at 5.00 to 5.75 percent. 660,000 -0-
Waterworks and Sewer System Combination Tax
and Revenue Bonds, Series 1967 due in
installments of $29,000 to $75,000 through
February 1, 1988, interest at 5.00 percent. 250,000 75,000
11
-49-
NA
MP
NOTES TO FINANCIAL STATEMENTS - 13
NA
5. BONDED DEBT (continued)
Principal Balance Due 1,
Balance Within One
Description Sept. 30, 1984 Year
Waterworks and Sewer System Combination Tax
and Revenue Bonds, Series 1967-A due in
installments of $10,000 to $100,000 through IP
February 1, 1994, interest at 6.00 percent. 630,000 10,000
Waterworks and Sewer System Combination Tax
and Revenue Bonds, Series 1972 due in
installments of $15,000 to $50,000 through
April 1, 2001, interest at 6.75 percent. 540,000 15,000
WO
Waterworks and Sewer System Combination Tax
and Revenue Bonds, Series 1974 due in
installments of $20,000 to $50,000 through !!
March 1, 2004, interest at 6.75 to 7.70 percent. 730,000 20,000
TOTAL GENERAL OBLIGATION BONDS 8,321,000 327,000
Certificates of Obligation
Certificate of Obligation, Series 1980 due in annualtn
installments of $10,000 to $20,000 through
September 1, 1985, interest at 7.00 percent. 20,000 20,000
Certificate of Obligation, Series 1982 due in annual
installments of $6,500 to $8,000 through November 1,
1988, interest at 8.50 percent. 32,000 8,000
11
Certificate of Obligation, Series 1983 due in annual
installments of $3,000 to $12,000 through March 1,
1988, interest at 8.50 percent. 36,000 8,0001:
TOTAL CERTIFICATES OF OBLIGATION 88,000 36,000
TOTAL GENERAL BONDED DEBT 8,409,000 363,000
I!
-50-
11
11 NOTES TO FINANCIAL STATEMENTS - 14
11
11 5. BONDED DEBT (continued)
Principal Balance Due
Balance Within One
Description Sept. 30, 1984 Year
Revenue Bonds
Waterworks and Sanitary Sewer System Revenue Bonds,
Series 1969 due in installments of $20,000 to
$50,000 through March 1, 1999, interest at
6.125 to 6.50 percent. 505,000 20,000
Waterworks and Sanitary Sewer System Junior Lien
Revenue Bonds, Series 1979 due in installments of
$50,000 through March 1, 1992, interest at 5.50
to 6.50 percent. 400,000 -0-
Waterworks and Sanitary Sewer System Revenue
11 Bonds, Series 1979 due in installments of
$5,000 to $100,000 through March 1, 1992,
interest at 5.50 percent. 705,000 50,000
11 TOTAL REVENUE BONDS 1,610,000 70,000
TOTAL BONDED DEBT $10,019,000 $ 433,000
11
-51-
OP
tr
NOTES TO FINANCIAL STATEMENTS - 15 OP
w
OP
5. BONDED DEBT (continued)
WO
The total bonded debt of the City (governmental and proprietary funds)
by maturity date is as follows : lig
Fiscal Year General OP
Ending Long-Term Debt Revenue Bonds i
Sept. 30 Principal Interest Principal Interest
OP
1985 $ 363,000 $ 618,263 $ 70,000 $ 92,475
1986 379,000 592,154 120,000 87,050
1987 404,000 564,594 125,000 80,088 OP
1988 454,000 533,694 125,000 72,962
1989 435,000 501,050 125,000 65,650 Lb
1990 460,000 468,141 130,000 57,988
1991 495,000 433,429 130,000 50,156
1992 559,000 394,513 135,000 42,166
1993 595,000 350,428 185,000 32,647
1994 635,000 301,700 135,000 23,378
1995 590,000 252,464 140,000 15,581 !!
1996 645,000 200,868 45,000 10,244
1997 685,000 150,526 45,000 7,503
1998 455,000 108,354 50,000 4,594 fr
1999 485,000 80,164 50,000 1,531 ki
2000 520,000 54,275
2001 100,000 16,850 00
2002 50,000 9,625 IL
2003 50,000 5,775
2004 50,000 1,925
!I
TOTAL $8,409,000 $5,638,792 $1,610,000 $ 644,013
___ ===== ___=______
6. FIXED ASSETS 11
A summary of the changes in general fixed assets for the year ended
September 30, 1984 follows: 1!
Balance at Balance at
Oct. 1 , 1983 Additions Retirements Sept. 30, 1984 !!
Land $ 318,306 $ 582,980 $ 901,286
Buildings 939,374 1,363 940,737
Improvements 3,707,871 1,793,844 5,501,715 !!
Equipment 1,037,415 210,107 $ 26,207 1,221,315
Construction in
progress 1,352,638 171,996 1,352,638 171,996
1!
TOTAL $7,355,604 $2,760,290 $1,378,845 $8,737,049
-52 I!
-
II
11
IINOTES TO FINANCIAL STATEMENTS - 16
11
11 6. FIXED ASSETS (continued)
A summary of the changes in Enterprise Fund fixed assets for the year ended
IISeptember 30, 1984 follows:
Balance at Balance at
IIOct. 1 , 1983 Additions Retirements Sept. 30, 1984
Land $ 105,765 $ 29,622 $ 135,387
Plant and equipment 4,241 ,556 48,632 $4,410 4,285,778
IIPlant and equipment
Blackhawk 9,199,552 55,532 9,255,084
Water and sewer
lines 204,448 2,410,310 2,614,758
Drainage - 608,329 608,329
Storm sewers 637,671 637,671
I Construction in
progress - 387,219 387,219
TOTAL 14,388,992 3,539,644 4,410 17,924,226
II Less allowance
for depreciation 1,861 ,775 418,546 4,410 2,275,911
11 NET PROPERTY,
PLANT AND
EQUIPMENT $12,527,217 $3,121,098 $ -0- $15,648,315
II
7. COMMITMENTS
II
A. The City leases a fire truck under arrangements which qualified it as a
capital lease. The fire truck has been capitalized in the General Fixed
II Assets Account Group at $96,389, the net present value of the lease com-
mitment. The following is a schedule of minimum annual lease commitments
outstanding at September 30, 1984:
II1985 $15,561
Total payment 15,651
11
Interest portion 1,488
II Total minimum lease
commitments $14,163
II
-53-
101
NOTES TO FINANCIAL STATEMENTS - 17
7. COMMITMENTS (continued) Pi
B. On October 1, 1981 the City entered into a contract with the Friendswood
Volunteer Fire Department, Inc. The Department shall furnish all fire1111
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 MI
b.
(1) provide the fire fighting equipment and facilities for the use by
the Department in fighting fire and performng emergency medical services,
(2) to provide funds for the capital equipment, operation and maintenance
of the Department in accordance with the annual budget as approved by
Council, and (3) to provide dispatch services for and on behalf of the
Department.
!!
C. The City entered into a waste disposal agreement with Harris County
Water Control and Improvement District No. 108 on October 21, 1971
by which the City provides sewer treatment for the District. The
District pays an amount equal to 85 percent of its residential sewer
charges for each month. The City agrees not to charge the District
additional amounts for construction or operation of the Blackhawk
!!
Regional Waste Treatment Plant.
D. The City entered into a contract with Municipal Software Consultants,
Inc. to purchase MSCI's municipal application software package for its
IBM System/36.
E. The City entered into a contract with Gulf Coast Waste Disposal Author 1!
-
ity on December 12, 1974 to manage the Blackhawk Regional Waste Treat-
ment 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 $402,265 to the Authority for operation and management I!
services for the year ended September 30, 1984.
F. The City entered into a contract with Best Waste Systems, Inc. on !!
November 3, 1983 for the collection of garbage, trash, and other refuse
within the corporate limits of the City twice each week. The contract
expires on October 31, 1985 with an option of renewal for an additionalI!
three years. The residential collection fee is set at $6.48 per month.
Small commercial fees are $31.32 per month, and the fee varies for
commercial container pick-up as to the size of the container.
I!
I!-54-
11
11
NOTES TO FINANCIAL STATEMENTS - 18
II
11
7. COMMITMENTS (continued)
11 G. The City had the following construction commitments at
September 30, 1984:
Il
COMMITMENT
OUTSTANDING
CONTRACT PERCENT AT
CONTRACTOR DESCRIPTION AMOUNT COMPLETED SEPT. 30, 1984
II Bernard City of Friendswood
Johnson, Inc. and City of League
City Clear Creek
Drainage Improve-
ment Study $ 115,000 8.2% $105,526
Coenco, Inc. Flood Control
I Planning Study for
Chigger and Cowarts
Creeks 196,000 67.5 63,705
IIService Pre-Owned Water
Enterprise Storage Improvements -
Ground Storage 368,000 85.0 55,200
IIElevated Storage 65,000 5.0 61,750
433,000 116,950
11 Brown & Root, Friendswood - Wedgewood
Inc. Water Tie on F.M. 2351
at Clear Creek
II 18,625 0.0 18,625
CAT Improvements on Tower
Construction Estates Project 62,883 0.0 62,883
II
Gulf Coast
Waste Disposal
IIAuthority Blackhawk expansion 529,816 9.9 477,411
TOTAL $1,355,324 $845,100
II
II
11 -55-
OP
NOTES TO FINANCIAL STATEMENTS - 19 OR
OP
8. SALES TAXES
In April, 1982 a refund of $161,310 was made to the State Controller for
sales taxes previously paid to the City of Friendswood in error. p
In October, 1983 the State Controller reported that another $65,484 of
sales taxes had been remitted to the City of Friendswood in error over
the previous four years. The refund of these taxes is being made over
a
a period of 18 months through a reduction in the City's warrants of
$3,638 per month.
PO
9. ANNEXATION OF CLEARWOODS IMPROVEMENT DISTRICT
On November 21, 1983 the Council voted to annex Clearwoods Improvement111
District, approximately 400 acres including 1,364 homes. The City of pow
Friendswood acquired the existing water and sewer facilities and
assumed bonded indebtedness of approximately $2,255,000. p
10. CONTINGENCIES
At September 30, 1984, the City of Friendswood, Texas was defendant in PP
two lawsuits in which plaintiff property owners are contesting assessed tow
valuations of such property recorded on the tax rolls of the City. The
City is not a named defendant, but assumes the defense as successor to
Clearwoods Improvement District in a lawsuit in which plaintiffs seek
recovery for alleged damages to their home as a result of an inadequate
sanitary sewage facility. The City management has indicated that
it will contest each of these claims and is of the opinion that any
liability resulting from such claims will not have a material effect on
the financial statements of the City of Friendswood for the year ended
September 30, 1984.
11. RESTATEMENT OF PRIOR PERIOD
A. Combination Revenue and Tax Bonds of $1,900,000 assumed in connec-
tion with the annexation of Sunmeadow Municipal Utility District
have been recorded as general long-term debt. Such bonds are to
be retired from property tax revenue and have a lien on the water
and sewer systems revenue. These bonds were originally recorded
as revenue bonds in the Enterprise Fund in 1983, and financial
statements for the year ended September 30, 1983 have been re-
stated accordingly. The effect of such restatement follows:
r
-56-
II
11
IINOTES TO FINANCIAL STATEMENTS - 20
11
II11. RESTATEMENT OF PRIOR PERIOD (continued)
11 As As
Reported Restated
II ENTERPRISE FUND
LIABILITIES
PAYABLE FROM RESTRICTED ASSETS
II Accrued interest $ 66,850 $ 8,212
Revenue bonds current portion 135,000 70,000
REVENUE BONDS 3,510,000 1,610,000
II FUND EQUITY
CONTRIBUTED CAPITAL 7,817,412 9,722,412
RETAINED EARNINGS
II Reserved for revenue bond
retirement 324,795 227,574
Reserved for construction -0- 284,142
Unreserved 1,479,245 1,420,962
GENERAL LONG-TERM DEBT ACCOUNT GROUP
AMOUNT TO BE PROVIDED FOR RETIRE-
!' MENT OF GENERAL LONG-TERM DEBT 4,405,628 6,370,628
GENERAL OBLIGATION BONDS AND
IICERTIFICATES OF OBLIGATION 4,505,500 6,470,500
B. Revenue and expenditures of the Parks and Recreation and Mowing
Iprograms are reported as Special Revenue Funds. Such activities
were reported as Trust and Agency Funds in prior years.
I12. CONTRIBUTED CAPITAL
II In accordance with generally accepted accounting principles as described
in AICPA Industry Audit Guide, "Audits of State and Local Governmental
Units," proceeds of General Obligation Bonds used for financing Enterprise
II improvements have been recorded as Contributed Capital, and principal
payments on such bonds by the Enterprise Fund have been treated as
reductions of contributed capital as follows:
II
11
-57-
OP
NOTES TO FINANCIAL STATEMENTS - 21
m.
p
12. CONTRIBUTED CAPITAL (continued)
Year Ended Sept. 30,
1984 1983 !!
Contributed capital at beginning of year $ 9,722,412 $ 7,817,412
Add proceeds of general obligation !!
bonds of Clearwoods Improvement
District 3,189,080 1!
Add proceeds of general obligation bonds
of Sunmeadow Municipal Utility District - 1,965,000
!!
Deduct transfers out from Enterprise
Fund for principal payments on GO
bonds (170,000) (60,000)
!!
CONTRIBUTED CAPITAL AT END OF YEAR $ 12,741,492 $ 9,722,412
____________ ___________
$170,000 which has been reported as an operating transfer in for the General
Fund is reported as a reduction of contributed capital in the Enterprise
Fund as noted above. Therefore, interfund transfers will not reconcile by !!
this amount.
13. RESTRICTED ASSETS
As of September 30, 1984, the City held restricted assets for the following
purposes: !!
Description Amount
Special Revenue Fund
Park Expenditures $ 10,427
Enterprise Fund
Revenue bond interest, sinking and reserve fund $266,132
Reserved for construction 718,390I!
$984,522
Non-Expendable Trust Fund
Reserved for endowments $ 16,796
========
I!
-58-
NOTES TO FINANCIAL STATEMENTS - 22
!I 14. EXCESS OF ACTUAL EXPENSES OVER BUDGET
IN INDIVIDUAL FUNDS
The following funds had an excess of actual expenditures over budget at
September 30, 1984:
Fund Excess
General Fund $27,344
Special Revenue Fund 19 163
P $ ,
e
-59-
I
I
I
3
I
1
1
' INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
I
I
I
1
I
1
I
-61-
II
I!
11
11
II
II
II
GENERAL FUND
IIThe General Fund accounts for the resources used
to finance the fundamental operations of the City.
It is the basic fund of the City and covers all
IIactivities for which a separate fund has not been
established.
11
!I
II
II
II
II
II
II
II -63-
111/
GENERAL FUND EXHIBIT A-1 R!
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
ii
September 30, 1984 and 1983
1984 1983
ASSETS
!!
Cash - including certificates of deposit $ 545,715 $ 479,527
Receivables - net where applicable of PR
116
allowance for doubtful accounts
Taxes 117,660 85,098
Accounts 38,403 29,460 !!
Grantor agencies 19,264 -
Due from other funds 96,199 284,876
!!
Prepaid expenses 10,206 3,928
TOTAL ASSETS $ 827,447 $ 882,889
w
LIABILITIES AND FUND BALANCE
iik
LIABILITIES
Pi
Accounts payable $ 61,570 $ 59,594
Accrued expenses 218,703 131,045
1!
Deferred revenue 117,660 85,098
Due to other funds 486 - !!
Deposits - 2,440
TOTAL LIABILITIES 398,419 278,177
1!
FUND BALANCE
Reserved for prepaid expenses 10,206 3,928 I!
Unreserved
Designated for subsequent years expenditures - 160,000 !!
Undesignated 418,822 440,784
TOTAL FUND BALANCE 429,028 604,712
TOTAL LIABILITIES AND wE
FUND BALANCE $ 827,447 $ 882,889
1!
-64-
1!
11
4
GENERAL FUND EXHIBIT A-2
1! STATEMENT OF REVENUES - BUDGET AND ACTUAL
11 CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1984 and 1983
II
1984
11 FAVORABLE
(UNFAVORABLE) 1983
BUDGET ACTUAL VARIANCE ACTUAL
11 Taxes
General property $1 ,738,000 $1,742,901 $ 4,901 $1,422,266
Less homestead exemption 50,000 12,448 37,552 19,597
11 Net general property 1,688,000 1,730,453 42,453 1,402,669
Sales 320,000 351,431 31,431 336,234
11 Franchise 210,000 204,275 (5,725) 151,746
Other 3,000 1,370 (1,630) 1,235
2,221,000 2,287,529 66,529 1,891,884
1! Sanitation 451,000 431,941 (19,059) 344,178
Fines and forfeitures 120,000 128,694 8,694 102,609
11
Licenses and permits 86,000 167,484 81,484 180,972
11 Inter-governmental
revenues 313,109 253,317 (59,792) 27,192
!I Interest income 50,000 81,722 31,722 73,371
Insurance settlements - 16,513 16,513 83,387
IOther 11 ,150 5,781 (5,369) 25,847
TOTAL REVENUES $3,252,259 $3,372,981 $ 120,722 $2,729,440
II
II
II
I
11 -65-
■
p
GENERAL FUND EXHIBIT A-3
PO
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY FUNCTION *.
CITY OF FRIENDSWOOD, TEXAS 0!
0.
Years ended September 30, 1984 and 1983
0
1984
FAVORABLE PP
(UNFAVORABLE) 1983
BUDGET ACTUAL VARIANCE ACTUAL
General Government
Administration $ 714,470 $ 672,137 $ 42,333 $ 584,804
Municipal court 55,471 51,094 4,377 60,225
UP
Engineering 21,000 17,514 3,486 26,171
Inspection 52,873 56,762 (3,889) 38,430 6'
Planning and zoning 8,218 14,782 (6,564) 4,978
TOTAL GENERAL GOVERNMENT 852,032 812,289 39,743 714,608 A
6
Public Safety
Police 1,014,313 1,033,494 (19,181) 846,940 p
Fire 196,315 190,981 5,334 176,318
Humane 28,867 28,570 297 24,846
Civil defense 54,450 58,878 (4,428) 140,110 ■
TOTAL PUBLIC SAFETY 1,293,945 1,311,923 (17,978) 1,188,214
Public Works
Streets 862,579 883,636 (21,057) 392,678
Drainage 71,778 70,693 1,085 202,138
TOTAL PUBLIC WORKS 934,357 954,329 (19,972) 594,816
Sanitation 445,000 436,299 8,701 336,635 fi
TOTAL SANITATION 445,000 436,299 8,701 336,635
Culture and Recreation !!
Library 166,959 180,819 (13,860) 156,749
Parks and recreation 149,009 176,978 (27,969) 142,124
Youth needs and opportunityri
commission 2,115 1,727 388 2,302 mA
Community appearance 6,700 3,533 3,167 4,795
TOTAL CULTURE AND
RECREATION 324,783 363,057 (38,274) 305,970 !!
Health and Welfare
Community counseling center 34,000 33,561 439 33,332 !!
Ambulance 14,450 14,453 (3) 13,250
TOTAL HEALTH AND WELFARE 48,450 48,014 436 46,582
TOTAL EXPENDITURES $3,898,567 $3,925,911 $(27,344) $3,186,825 !!
-66Ili
-
11
I!
!! GENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 1 of 5
11 CITY OF FRIENDSWOOD, TEXAS
11 Years ended September 30, 1984 and 1983
1984
11
FAVORABLE
(UNFAVORABLE) 1983
11 BUDGET ACTUAL VARIANCE ACTUAL
General Government
11 Administration
Personal services $ 228,940 $246,780 $(17,840) $ 232,823
Supplies 22,400 22,763 (363) 19,178
Other services and charges 441,620 356,448 85,172 316,735
1! Maintenance 9,115 23,772 (14,657) 5,414
Capital outlay 12,395 22,374 (9,979) 10,654
714,470 672,137 42,333 584,804
11 Municipal Court
Personal services 49,576 45,879 3,697 54,248
11 Supplies 2,926 2,769 157 3,350
Other services and charges 1,494 1,273 221 1,528
Maintenance 1,305 1,173 132 951
Capital outlay 170 - 170 148
1! 55,471 51,094 4,377 60,225
Engineering
11 Personal services - - - 2,572
Supplies - - - 16
Other services and charges 21,000 17,514 3,486 23,583
11 21,000 17,514 3,486 26,171
Inspections
Personal services 47,478 51,966 (4,488) 34,242
11 Supplies 2,750 3,126 (376) 2,468
Other services and charges 475 1,057 (582) 526
Maintenance 1,600 409 1,191 1,194
1! Capital outlay 570 204 366 -
52,873 56,762 (3,889) 38,430
11
11
1!
-67-
OP
MP
GENERAL FUND EXHIBIT A-4 NO
of
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 2 of 5
PIP
P
1984
FAVORABLE 111
(UNFAVORABLE) 1983 iok
BUDGET ACTUAL VARIANCE ACTUAL
General Government - continued 6
Planning and Zoning
Personal services 1,718 2,485 (767) 2,454
Supplies 300 206 94 191
Other services and charges 6,200 12,091 (5,891) 2,129
Capital outlay - - - 204
8,218 14,782 6,564) 4,978
TOTAL GENERAL
GOVERNMENT 852,032 812,289 39,743 714,608
fi
Public Safety
Police Service
Personal services 752,894 779,190 (26,296) 685,517to
Supplies 65,245 68,053 (2,808) 49,130
Other services and charges 61,680 55,264 6,416 33,497
Maintenance 48,797 45,973 2,824 45,000
ril
Capital outlay 85,697 85,014 683 33,796
1,014,313 1,033,494 19,181) 846,940
Fire EN
Personal services 46,900 42,770 4,130 23,370
Supplies 24,125 4,832 19,293 20,360
Other services and charges 53,650 112,843 (59,193) 46,755 !!
Maintenance 34,150 8,128 26,022 27,754
Capital outlay 37,490 22,408 15,082 58,079
196,315 190,981 5,334 176,318
!!
r
1
-68-
11
11
11 GENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 3 of 5
11
11 1984
FAVORABLE
11 (UNFAVORABLE) 1983
BUDGET ACTUAL VARIANCE ACTUAL
11 Humane
Personal services 21,767 22,519 (752) 19,605
Supplies 3,450 3,609 (159) 2,726
11 Other services and charges 850 695 155 504
Maintenance 2,150 645 1,505 2,011
Capital outlay 650 1,102 (452) -
28,867 28,570 297 24,846
11 Civil Defense
Personal services - 3,992 (3,992) -
11 Supplies 600 441 159 75
Other services and charges 200 95 105 298
Maintenance 650 8,211 (8,211) 2,205
11 Capital outlay - 359 291 -
Disaster training 53,000 45,780 7,220 137,532
54,450 58,878 (4,428) 140,110
11 TOTAL PUBLIC SAFETY 1,293,945 1,311,923 (17,978) 1,188,214
Public works
1! Streets
Personal services 193,298 209,213 (15,915) 175,064
Supplies 65,890 97,936 (32,046) 68,979
1! Other services and charges 42,414 55,301 (12,887) 45,257
Maintenance 31,900 76,757 (44,857) 40,276
Capital outlay 529,077 444,429 84,648 63,102
862,579 883,636 (21,057) 392,678
11 Drainage
Personal services 33,314 33,567 (253) 31,396
11 Supplies 3,182 3,726 (544) 4,874
Other services and charges 7,114 7,712 (598) 9,766
Maintenance 17,900 15,978 1,922 6,102
Capital outlay 10,268 9,710 558 150,000
11 71,778 70,693 1,085 202,138
TOTAL PUBLIC WORKS 934,357 954,329 (19,972) 594,816
1!
11
-69-
gil
WS
OP
GENERAL FUND EXHIBIT A-4
STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 4 of 5
OP
t.
IP
1984
FAVORABLE
PP
(UNFAVORABLE) 1983
BUDGET ACTUAL VARIANCE ACTUAL
Sanitation PP
r
Sanitation 1,
Contract services 445,000 436,299 8,701 336,635
PP
TOTAL SANITATION 445,000 436,299 8,701 336,635
Culture and Recreation
Library
Personal services 118,037 123,021 (4,984) 112,298
Supplies 25,219 30,473 (5,254) 22,920
Other services and charges 18,671 19,760 (1,089) 18,212
Maintenance 3,507 6,249 (2,742) 2,500 V.
Capital outlay 1,525 1,316 209 819
166,959 180,819 13,860) 156,749 0.
i.
Parks and Recreation
Personal services 82,575 85,355 (2,780) 80,381
Supplies 18,834 34,371 (15,537) 18,218 rP
Other services and charges 23,250 24,573 (1,323) 16,351 k`'
Maintenance 15,250 17,813 (2,563) 15,860
Capital outlay 9,100 14,866 (5 7(±) 11,314r
149,009 176,978 27,969) 142,124
Youth Needs and Opportunity
Personal services 1,765 1,659 106 2,026
116
Supplies 50 5 45 21
Other services and charges 300 63 237 255
2,115 1,727 388 2,302 ril
w
r
e
IP
rill
ril
-70-
I
II
GENERAL FUND EXHIBIT A-4
11 STATEMENT OF EXPENDITURES - BUDGETED AND ACTUAL - BY OBJECT - 5 of 5
11
1984
!I FAVORABLE
(UNFAVORABLE) 1983
IIBUDGET ACTUAL VARIANCE ACTUAL
Community Appearance
1 Maintenance 2,500 -
3,533
2,500 1,270
Other services and charges 4,200 667 3,525
6,700 3,533 3,167 4,795
TOTAL CULTURE AND
1 RECREATION 324,783 363,057 (38,274) 305,970
Health and Welfare
1 Community counseling center Contract services 30,000 30,000 - 30,000
Other services and charges 4,000 3,561 439 3,332
II34,000 33,561 439 33,332
Ambulance
Supplies 5,700 5,700 -
I Other services and charges 500 3 497 10,250
Maintenance 5,750 5,750 3,000
Contract services 2,500 14,450 (11,950) -
14,450 14,453 (3) 13,250
TOTAL HEALTH AND
I
WELFARE 48,450 48,014 436 46,582
TOTAL EXPENDITURES $3,898,567 $3,925,911 $(27,344) $3,186,825
1
1
11
II
1 -71-
I
I
SPECIAL REVENUE FUNDS
These funds are used to account for the proceeds
of specific revenue sources that are legally
11 restricted to expenditures for specified
purposes. Revenues and expenditures of the
federal revenue sharing, parks and recreation,
and mowing programs are accounted for in these
funds.
I
I
I
I
I
I
-73-
!!
y`
SPECIAL REVENUE FUNDS EXHIBIT B-1
COMBINING BALANCE SHEET
t!
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 !!
With Comparative Totals for September 30, 1983
t!
REVENUE PARKS AND TOTAL
SHARING RECREATION MOWING 1984 1983 re
ASSETS
Cash $ 7,028 $ 6,447 $3,980 $17,455 $17,617 -!
Revenue sharing
entitlement receivable 20,440 20,440 17,497
TOTAL ASSETS $27,468 $ 6,447 $3,980 $37,895 $35,114
====== ======= ======= 1!
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 161!
Due to other funds $10,506 $10,506 17,497
TOTAL LIABILITIES 10,506 10,506 17,66
1
FUND BALANCES !!
Reserved for park
expenditures $6,447 $3,980 10,427 13,21
Unreserved - designated for
construction 16,962 16,962 4,23
1!
TOTAL FUND BALANCES 16,962 6,447 3,980 27,389 17,452
TOTAL LIABILITIES AND
FUND BALANCES $27,468 $6,447 $3,980 $37,895 $35,11 !
r
-74-
11
II
11 SPECIAL REVENUE FUNDS EXHIBIT B-2
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
11
CITY OF FRIENDSWOOD, TEXAS
11 Year Ended September 30, 1984
With Comparative Totals for Year Ended September 30, 1983
REVENUE PARKS AND TOTAL
SHARING RECREATION MOWING 1984 1983
I REVENUES
Charges for services $16,414 $ 16,414 $13,854
Intergovernmental revenue $81,760 81,760 70,079
II Interest income 460 460 554
Other revenues 3,665 $ 100 3,765
IITOTAL REVENUES 81,760 20,539 100 102,399 84,487
EXPENDITURES
Public works 3,859 3,859 1,817
IICulture and recreation 27,304 27,304 8,883
TOTAL EXPENDITURES -0- 27,304 3,859 31,163 10,700
11 REVENUES OVER
(UNDER) EXPENDITURES 81,760 (6,765) (3,759) 71,236 73,787
11 OTHER FINANCING SOURCES (USES)
Operating transfers in 3,500 3,500 14,543
Operating transfers out (64,799) (64,799) (70,879)
II
TOTAL OTHER FINANCING
SOURCES (USES) (64,799) - 3,500 (61,299) (56,336)
II REVENUES AND OTHER
SOURCES OVER (UNDER)
II EXPENDITURES AND
OTHER (USES) 16,961 (6,765) (259) 9,937 17,451
Fund balances at beginning
IIof year 1 13,212 4,239 17,452 1
$16,962 $ 6,447 $3,980 $ 27,389 $17,452
II
II
II
-75-
OP
OP
SPECIAL REVENUE FUND (REVENUE SHARING) EXHIBIT B-3 10
11.
COMPARATIVE BALANCE SHEET
111
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 and 1983
1984 1983
ASSETS
Cash - restricted $ 7,028 $ 1
IP
Revenue sharing entitlement receivable 20,440 17,497
TOTAL ASSETS $ 27,468 $ 17,498
x=xaaasx xsaxsasa
Yts-
LIABILITIES AND FUND BALANCE
LIABILITIES
Due to other funds $ 10,506 $ 17,497 OP
FUND BALANCE
Unreserved - designated for
construction 16,962 1
TOTAL LIABIITIES
AND FUND BALANCE $ 27,468 $ 17,498 !!
1:
-76-
11
11
SPECIAL REVENUE FUND (REVENUE SHARING) EXHIBIT B-4
11 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
11 CITY OF FRIENDSWOOD, TEXAS
11 Years ended September 30, 1984 and 1983
1984
VARIANCE -
FAVORABLE 1983
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
11 REVENUES
Federal revenue sharing $54,293 $81,760 $27,467 $70,079
11 OTHER FINANCING USES
Operating transfer out (54,293) (64,799) (10,506) 70,078
11 REVENUES OVER OTHER
FINANCING USES $ -0- 16,961 $16,961 1
11
Fund balance at beginning
of year 1 -0-
11 FUND BALANCE AT
END OF YEAR $16,962 $ 1
11
I
1
1
-77-
11,
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT 8-5
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 and 1983
OP
1984 1983 a'
ASSETS
a
Cash - restricted $ 6,447 $ 13,212
TOTAL ASSETS $ 6,447 $ 13,21266
aaaasaaa saaaaaaa
FUND BALANCE
Reserved for park expenditures $ 6,477 $ 13,212
TOTAL FUND BALANCE $ 6,477 $ 13,212
aaaaasa= aaasaaaa
r
I!
1!
11
I!
-78-
I
I
11 SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-6
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
11
CITY OF FRIENDSWOOD, TEXAS
11 Years ended September 30, 1984 and 1983
11 1984
VARIANCE -
FAVORABLE 1983
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
g REVENUES
Charges for services $ 8,000 $16,414 $ 8,414 $13,359
II Interest income - 460 460 554
Other revenue - donations - 3,665 3,665 -
11 TOTAL REVENUES 8,000 20,539 12,539 13,913
EXPENDITURES
Culture and recreation
11 Supplies - 1,508 (1,508)
Other services and charges - 6,443 (6,443) 8,884
Maintenance 3,000 14,685 (11,685)
11 Capital outlay 5,000 4,668 332 -
8,000 27,304 19,304 8,884
REVENUES OVER (UNDER)
11 EXPENDITURES $ -0- (6,765) $(6,765) 5,029
IIOTHER FINANCING SOURCES (USES)
Operating transfer in 8,983
Operating transfers out (800)
II
-0- 8,183
REVENUES AND OTHER
FINANCING SOURCES
11 OVER (UNDER)
EXPENDITURES (6,765) 13,212
Fund balance at beginning
II of year 13,212 -0-
FUND BALANCE AT
IIEND OF YEAR $ 6,447 $13,212
II
11
-79-
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-7
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 and 1983
r
1984 1983
ASSETS
Cash - restricted $ 3,980 $ 4,403
TOTAL ASSETS $ 3,980 $ 4,403
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 165
FUND BALANCE
Reserved for park expenditures $ 3,980 $ 4,238
!I!'i6PaP*!,
TOTAL FUND BALANCE $ 3,980 $ 4,403
======3=
11
1!
!!
I!
-80-
1
II
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-8
IISTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
11 CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1984 and 1983
I
1984
II VARIANCE -
FAVORABLE 1983
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
II REVENUES
Other revenue $ 500 $ 100 $ (400) $ 494
II EXPENDITURES
Public works
Other services and charges 4,000 3,859 _ 141 1,815
II REVENUES OVER
EXPENDITURES (3,500) (3,759) (259) (1,321)
11 OTHER FINANCING SOURCES
Operating transfers in 3,500 3,500 - 5,560
11 REVENUES AND OTHER
SOURCES UNDER
EXPENDITURES $ -0- (259) $ (259)
4; Fund balance at beginning
of year 4,239 -0-
II FUND BALANCE AT
END OF YEAR $ 3,980 $ 4,329
I
II
II
11
11
II
-81-
I
1
1
1
11
1
DEBT SERVICE FUND
This fund is used to account for the
accumulation of resources for and the
payment of principal and interest on
general long-term debt of the City.
I
1
I
1
1
1
I -83-
11
Im!
DEBT SERVICE FUND EXHIBIT C-1
mm
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS !!
September 30, 1984 and 1983
1984 1983
ASSETS
Cash - including certificate of deposit $197,749 $153,535
11
Taxes receivable 51,720 38,784
TOTAL ASSETS $249,469 $192,319
________
LIABILITIES AND FUND BALANCE
LIABILITIES
Deferred revenue $ 51,720 $ 38,784
TOTAL LIABILITIES 51,720 38,784
FUND BALANCE
Unreserved
Designated for debt service $197,749 $153,535
11
TOTAL FUND BALANCE 197,749 153,535
TOTAL LIABILITIES $249,469 $192,319 '
AND FUND BALANCE
1
1
-84- '
11
DEBT SERVICE FUND EXHIBIT C-2
11 COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE
11 CITY OF FRIENDSWOOD, TEXAS
11 Years ended September 30, 1984 and 1983
11 1984 1983
REVENUES
11 Taxes $ 997,489 $ 711 ,046
Interest 30,334 17,668
TOTAL REVENUES 1,027,823 728,714
11
EXPENDITURES
Principal retirement 356,000 123,759
11 Interest and fiscal charges 627,609 373,646
TOTAL EXPENDITURES 983,609 497,405
11 REVENUES OVER
EXPENDITURES 44,214 231,309
11
OTHER FINANCING USES
Operating transfers out - (222,849)
11 REVENUES OVER
EXPENDITURES AND
11 OTHER USES 44,214 8,460
Fund balance at beginning of year 153,535 145,075
11
FUND BALANCE AT END OF YEAR $ 197,749 $ 153,535
11
11
11
11 -85-
I
11
11
11
11
I
II
IICAPITAL PROJECTS FUND
This fund is used to account for financial
II resources to be used for the acquisition and
construction of major capital facilities that
are principally financed by grants, certificates
IIof obligation, and the sale of bonds.
II
II
II
II
I
II
II
II
II
-87-
1110
IP
OP
CAPITAL PROJECTS FUND EXHIBIT D-1
COMPARATIVE BALANCE SHEET
OP
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 and 1983 PP
1984 1983
PP
ASSETS
PP
Cash - including certificates of deposit $ 44,475 $ 253,065
TOTAL ASSETS $ 44,475 $ 253,065PP
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 8,292
Due to other funds 35,000
TOTAL LIABILITIES 43,292
FUND BALANCE 1111
11
Designated for construction $ 44,475 209,773
TOTAL LIABILITIES AND FUND BALANCE $ 44,475 $ 253,0651!
!!
I!
I!
I!
-88-
1
1
1 CAPITAL PROJECTS FUND EXHIBIT D-2
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1984 and 1983
1 1984 1983
REVENUES
Interest income $ 8,066 $ 49,296
EXPENDITURES
1 Capital outlay 248,018 972,775
REVENUES UNDER EXPENDITURES (239,952) (923,479)
11 OTHER FINANCING SOURCES
Operating transfers in 74,654 -
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES (165,298) (923,479)
11 Fund balance at beginning of year 209,773 1,133,252
FUND BALANCE AT END OF YEAR $ 44,475 $ 209,773
-89-
I
11
11
1
I
1
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.
I
I
I
1
I
I
1
11 -90-
sook
IP
ENTERPRISE FUND (WATER AND SEWER)
ir
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 and 1983
P
1984 1983
ASSETS 1/1
CURRENT ASSETS
Cash - including certificates of !!
deposit $ 171,039 $ 244,224
Accounts receivable - net of allowance
for uncollectibles 188,540 188,044
Accrued interest 3,885 -
!!
Prepaid expenses - 5,000
Due from other funds 486 425
TOTAL CURRENT ASSETS 363,950 437,693 !!
RESTRICTED ASSETS - cash and certificates of
of deposit 984,522 582,382
taw
PROPERTY, PLANT, AND EQUIPMENT - at cost
Land 135,387 105,765
Buildings, improvements, and equipment 17,401,620 14,283,227 ma
Construction in progress 387,219 -
17,924,226 14,388,992
1111
h.
Less accumulated depreciation 2,275,911 1,861,775
!!
!!
!!
15,648,315 12,527,217 !!
TOTAL ASSETS $16,996,787 $13,547,292
!!
I!
-91-
11
11
IIEXHIBIT E-1
11
II
11 1984 1983
LIABILITIES AND FUND EQUITY
II LIABILITIES
Current liabilities (payable from current
assets)
II Accounts payable $ 114,618 $ 68,341
Accrued expenses 22,867 -
Accrued interest 7,875 8,212
II Due to other funds 85,693 _ 79,912
TOTAL CURRENT LIABILITIES 231,053 156,465
Current liabilities (payable from restricted
II assets)
Current portion of revenue bonds 70,000 70,000
Deposits 75,578 55,737
11
145,578 125,737
Long-term liabilities
Revenue bonds (net of current portion) 1,540,000 1,610,000
IITOTAL LIABILITIES 1,916,631 1,892,202
FUND EQUITY
Contributed capital
IIMunicipality 12,741,492 9,722,412
12,741,492 9,722,412
I Retained earnings
Reserved for construction 975,992 284,142
Reserved for revenue bond retirement 322,768 227,574
IIUnreserved 1,039,904 1,420,962
11
TOTAL FUND EQUITY 15,080,156 11,655,090
1 TOTAL LIABILITIES AND FUND EQUITY $16,996,787 $13,547,292
II
II
-92-
p
111
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-2
STATEMENT OF REVENUE AND EXPENSES - BUDGETED AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1984 and 1983
1984
IF
VARIANCE tut
FAVORABLE 1983
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Operating revenues
Water and sewer charges $1,822,500 $2,012,796 $190,296 $1,308,564
WCID #108 sewer fee 125,000 123,589 (1,411) 132,286 1!
Fees and penalties 4,000 3,459 (541) 3,490
Other income 2,000 1,440 (560) 5,704
1,953,500 2,141,284 187,784 1,450,044
Operating expenses before
depreciation - see Exhibit
E-3 1,084,400 1,072,741 11,659 861,935 !!
OPERATING INCOME
BEFORE DEPRECIATION 869,100 1,068,543 199,443 588,109
!!
Depreciation expense - 418,547 (418,547) 341,724
OPERATING INCOME 869,100 649,996 (219,104) 246,385
Non-operating income (expense)
Interest on investments 23,000 63,168 40,168 40,734 II
Intergovernmental revenue - 13,937 13,937 -
Interest expense (96,525) (96,515) 10 (166,593)
Bond cost amortization - (5,000) (5,000) (5,000)
(73,525) (24,410) 49,115 (130,859)
Income before operating transfers 795,575 625,586 (169,989) 115,526
Operating transfers in (out) (377,600) (219,600) 158,000 (30,859) 11
(377,600) (219,600) 158,000 (30,859)
NET INCOME $ 417,975 $ 405,896 $ (11,989) $ 84,667 I!
-93-
11
II
11 ENTERPRISE FUND (WATER AND SEWER) EXHIBIT E-3
STATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
11 CITY OF FRIENDSWOOD, TEXAS
11 Years ended September 30, 1984 and 1983
11
1984
11 VARIANCE
FAVORABLE 1983
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
II Water
Personal services $ 144,871 $ 146,181 $ (1,310) $ 143,598
II Supplies 45,850 35,421 10,429 32,629
Other services and charges 91,450 86,774 4,676 80,662
Maintenance 71,550 56,029 15,521 94,318
353,721 324,405 29,316 351,207
II Sewer
Personal services 84,379 86,564 (2,185) 76,278
II Supplies 21,250 14,301 6,949 10,915
Other services and charges 131,700 132,200 (500) 104,853
Maintenance 52,850 95,006 (42,156) 34,700
Waste disposal fees 440,500 420,265 20,235 283,982
II730,679 748,336 (17,657) 510,728
Operating expenses before
11 depreciation $1,084,400 $1,072,741 $ 11,659 $ 861,935
I
II
1
II
I
I
-94-
PI
w
PP
0
OP
ENTERPRISE FUND (WATER AND SEWER) EXHIBIT E-4
fo
SCHEDULE OF REVENUE BONDS PAYABLE
IP
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 IP
1
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30
DESCRIPTION RATE ISSUE ISSUE MATURITY 1984 ir
Waterworks and Sanitary 11/1
Sewer System Revenue
Bonds, Series 1969 6.50 % 5-1-69 $340,000 3-1-90 $ 145,000
6.125 5-1-69 360,000 3-1-99 360,000
- 505,000
ill
Waterworks and Sanitary
Li
Sewer System Revenue
Bonds, Series 1979 5.50 1-1-80 450,000 3-1-88 200,000
5.50 3-1-81 155,000 3-1-92 155,000 IP
5.50 12-15-81 115,000 3-1-93 115,000
5.50 3-1-83 235,000 3-1-96 235,000
- 705,000 !!
Waterworks and Sanitary
Sewer System Junior Lien !!
Revenue Bonds,
Series 1979 5.50 10-1-79 150,000 3-1-87 150,000
6.25 10-1-79 100,000 3-1-89 100,000
6.50 10-1-79 150,000 3-1-92 150,000 11
- 400,000
TOTAL REVENUE BONDS PAYABLE $1,610,000 11
aam=sosmaa
ril
!!
!!
1:
-95-
ENTERPRISE FUND (WATER AND SEWER) EXHIBIT E-5
REVENUE BONDS PAYABLE - BY MATURITY DATE
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
REVENUE BONDS
WATERWORKS AND WATERWORKS AND
WATERWORKS AND SANITARY SEWER SANITARY SEWER
SANITARY SEWER SYSTEM SYSTEM JUNIOR LIEN
SYSTEM REVENUE BONDS - REVENUE BONDS - REVENUE BONDS -
YEAR ENDING SERIES 1969 SERIES 1979 SERIES 1979
SEPT. 30 PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
1985 $ 70,000 $ 92,475 $ 162,475 $ 20,000 $ 30,825 $ 50,000 $ 37,400 $ 24,250
1986 120,000 87,050 207,050 20,000 29,525 50,000 34,650 $ 50,000 22,875
1987 125,000 80,088 205,088 25,000 28,063 50,000 31,900 50,000 20,125
1988 125,000 72,962 197,962 25,000 26,437 50,000 29,150 50,000 17,375
1989 125,000 65,650 190,650 25,000 24,813 50,000 26,400 50,000 14,437 1
1990 130,000 57,988 187,988 30,000 23,025 50,000 23,650 50,000 11,313 O1
1991 130,000 50,156 180,156 30,000 21,131 50,000 20,900 50,000 8,125
1992 135,000 42,166 177,166 35,000 19,141 50,000 18,150 50,000 4,875
1993 185,000 32,647 217,647 35,000 16,997 100,000 14,025 50,000 1,625
1994 135,000 23,378 158,378 35,000 14,853 100,000 8,525
1995 140,000 15,581 155,581 40,000 12,556 100,000 3,025
1996 45,000 10,244 55,244 40,000 10,106 5,000 138
1997 45,000 7,503 52,503 45,000 7,503
1998 50,000 4,594 54,594 50,000 4,594
1999 50,000 1,531 51,531 50,000 1,531
$1,610,000 $ 644,013 $2,254,013 $505,000 $271,100 $705,000 $247,913 $400,000 $125,000
= __==__== _=
MN MI MI WV 11111 MI ® M 11111 IMO MN NM ® ® ® 111111 NM MN M
1
11
1
1 FIDUCIARY FUND
This fund is used to account for assets held by the
City in a trustee capacity for individuals and private
organizations.
1
1
I
1
1
1
-98-
I
FIDUCIARY FUND (NON-EXPENDABLE TRUST) EXHIBIT F-1
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984 and 1983
I
1984 1983
ASSETS
Restricted assets
Cash $ 16,796 $ 15,519
Land 57,200 57,200
TOTAL ASSETS $ 73,996 $ 72,719
1
FUND BALANCE
1 Reserved for endowments $ 67,200 67,200
Unreserved/undesignated 6,796 5,518
1 TOTAL FUND BALANCE $ 73,996 $ 72,718
========== __________
I
11
1
11
1
I
1
-100-
FIDUCIARY FUND (NON-EXPENDABLE TRUST) EXHIBIT F-2
mw
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1984 and 1983
I!
1984 1983
!!
REVENUES
Interest income $ 1,278 $ 1,165
TOTAL REVENUES 1,278 1,165
sit
Fund balance at beginning of year 72,718 71,553
FUND BALANCE AT END OF YEAR $ 73,996 $ 72,718
-101-
11
11
GENERAL FIXED ASSETS ACCOUNT GROUP
This account group is established to account for the
fixed assets owned by the City exclusive of those re-
lating to Proprietary Fund operations. Expenditure
transactions to acquire general fixed assets occur in
the General Fund, Special Revenue Fund and Capital
Projects Fund.
1
1
1
1
1
-102-
GENERAL FIXED ASSETS EXHIBIT G-1
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
General Fixed Assets
Land $ 901,286
Buildings 940,737
Improvements 5,501 715
Equipment 1,221,315
Construction in progress 171,996
11 $8,737,049
__________
Investment in General Fixed Assets from
Capital Projects Funds
' General obligation bonds $4,572,653
Time warrants and certificates of obligation 244,500
Federal grants 609,818
' Municipality 2,505 537
Donations 804,541
$8,737,049
======_===
1
11
I
r
I
I
-104-
11
I!
GENERAL FIXED ASSETS EXHIBIT G-2
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY
CITY OF FRIENDSWOOD, TEXASI!
September 30, 1984
1!
CONSTRUCTION
INI!
FUNCTION AND ACTIVITY LAND BUILDINGS IMPROVEMENTS EQUIPMENT PROGRESS TOTAL
General Government
Inspections $ 204 $ 2041
City Hall $ 10,524 $242,905 107,118 360,547
10,524 242,905 107,322 360,75
11
Public Safety
Police 279,877 279,877
Fire 18,000 201,447 451,545 670,99
Animal Shelter 6,073 6,07
Civil Defense 11,426 11 426
18,000 201,447 748,921 968,36
11
Public Works
Street 87,163 112,906 $4,920,258 83,443 5,203,77
Sanitation 3,500 254,997 50,529 309 02
90,663 112,906 5,175,255 133,972 5,512,796
Community Services11
Library 7,838 304,153 132,874 444,865
Parks and recreation 774,261 79,326 326,460 98,226 1 278 273
782,099 383,479 326,460 231,100 1,723,13
Construction in
Progress $171,996 171 99
TOTAL GENERAL
FIXED ASSETS
ALLOCATED TO
FUNCTIONS $901,286 $940,737 $5,501,715 $1,221,315 $171,996 $8,737,049/
11
I
-105-
I
II
1! GENERAL FIXED ASSETS EXHIBIT G-3
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
BY FUNCTION AND ACTIVITY
11
CITY OF FRIENDSWOOD, TEXAS
11 September 30, 1984
11 BALANCE AT BALANCE AT
OCT. 1, 1983 ADDITIONS RETIREMENTS SEPT. 30, 1984
General Government
11 Inspection $ 204 $ 204
City Hall $ 338,173 22,374 360,547
338,173 22,578 360,751
11 Public Safety
Police 218,499 85,014 $ 23,636 279,877
11 Fire 648,584 22,408 670,992
Animal Shelter 4,971 1,102 6,073
Civil Defense 3,215 8,211 11,426
875,269 116,735 23,636 968,368
I
Public Works
Street 3,333,252 1,873,089 2,571 5,203,770
11 Sanitation 299,316 9,710 309,026
3,632,568 1,882,799 2,571 5,512,796
II Community Services
Library 443,549 1,316 444,865
Parks, recreation
and cemetery 713,407 564,866 1,278,273
1,156,956 566,182 1,723,138
Construction in
IIProgress 1 ,352,638 171,996 1,352,638 171,996
TOTAL $7,355,604 $2,760,290 $1,378,845 $8,737,049
11
II
11
I -106-
11
11
11
11
11
11
11
11
11
GENERAL LONG-TERM DEBT ACCOUNT GROUP
11 The purpose of this account group is to account
for general obligation indebtedness to be retired
11 primarily from future assessment of ad valorem
taxes.
11
11
11
11
II
11 -108-
A
OP
GENERAL LONG-TERM DEBT OP
STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT
OP
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1984
OR
c
BALANCE AT OBLIGATIONS
OCT. 1, ASSUMED THROUGH I/
1983 ANNEXATION 10,
Amount available in Debt Service Fund $ 153,535 OP
Amount to be provided for retirement
of Long-Term Debt 6,370,628 $ 2,255,000
I
TOTAL AVAILABLE AND
TO BE PROVIDED $ 6,524,163 $ 2,255,000
=ca===ems=== sass=====aa
IP
Classification of debt
Lease obligation $ 53,663 0
Certificates of obligation 107,500
110
General obligation bonds 6,363,000 $ 2,255,000
TOTAL GENERAL LONG-TERM DEBT $ 6,524,163 $ 2,255,000
1,0
r
r
111
-109-
EXHIBIT H-1
11
DEBT SERVICE BALANCE AT
OBLIGATIONS FUND SEPT. 30,
RETIRED OPERATIONS 1984
$ 44,214 $ 197,749
$356,000 (44,214) 8,225,414
I
$356,000 $ -0- $ 8,423,163
$ 39,500 $ 14,163
19,500 88,000
297,000 8,321,000
$356,000 $ 8,423,163
I
I
I
I
I
I
-110-
a
p
GENERAL LONG-TERM DEBT EXHIBIT H-2 OP
0
SCHEDULE OF GENERAL LONG-TERM DEBT 1 of 4
OP
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
f
DATE OF OUTSTANDING AT
INTEREST DATE AMOUNT FINAL SEPT. 30,
ir
DESCRIPTION _ RATE OF ISSUE OF ISSUE MATURITY 1984 orkk
Waterworks and Sewer
System Unlimited
Tax Bonds, Series 1962 4.50% 10-1-62 $150,000 3-1-99 $ 150,000
Waterworks and Sewer Pi
System Unlimited
Tax Bonds, Series 1962 4.25 10-1-63 112,000 3-1-92 72,000 .
Sewer Improvement isk
Bonds, Series 1967 4.20 3-1-67 120,000 3-1-88 60,000
fi
General Obligation
L.
Refunding Bonds,
Series 1969 5.00 3-1-69 257,000 3-1-93 134,000
General Obligation iikk
Bonds, Series 1973 5.50 7-1-73 120,000 4-1-88 60,000
Drainage Improvement !!
Bonds, Series 1973 6.00 11-1-73 25,000 6-1-90 25,000
6.10 11-1-73 75,000 6-1-95 75,000
100,000I:
General Obligation
Bonds, Series 1974 7.90 9-1-74 345,000 3-1-94 290,000
7.75 9-1-74 355,000 3-1-99 355,000 I!
645,000
Street Improvement I!
Bonds, Series 1977 5.50 10-1-77 475,000 6-1-92 390,000
5.75 10-1-77 320,000 6-1-96 320,000
6.00 10-1-77 555,000 6-1-2000 555,000I!
1,265,000
1!
I!
-111 1!
-
II
11
GENERAL LONG-TERM DEBT EXHIBIT H-2
IlSCHEDULE OF GENERAL LONG-TERM DEBT - 2 of 4
CITY OF FRIENDSWOOD, TEXAS
11 September 30, 1984
11 DATE OF OUTSTANDING AT
INTEREST DATE AMOUNT FINAL SEPT. 30,
DESCRIPTION RATE OF ISSUE OF ISSUE MATURITY 1984
II General Obligation Bonds,
Series 1979 7.002 8-1-79 $125,000 3-1-88 $ 65,000
6.30 8-1-79 15,000 3-1-88 15,000
11 5.55 8-1-79 45,000 3-1-90 45,000
5.60 8-1-79 25,000 3-1-91 25,000
5.65 8-1-79 25,000 3-1-92 25,000
11 5.70 8-1-79 25,000 3-1-93 25,000
5.80 8-1-79 25,000 3-1-94 25,000
5.90 8-1-79 25,000 3-1-95 25,000
6.00 8-1-79 60,000 3-1-96 60,000
310,000
Street Improvement
II Bonds, Series 1982 13.00 2-1-82 25,000 3-1-85 25,000
13.00 2-1-82 50,000 3-1-86 50,000
13.00 2-1-82 60,000 3-1-87 60,000
11 13.00 2-1-82 70,000 3-1-88 70,000
12.00 2-1-82 80,000 3-1-89 80,000
11.00 2-1-82 90,000 3-1-90 90,000
11 .00 2-1-82 100,000 3-1-91 100,000
II 11.30 2-1-82 120,000 3-1-92 120,000
11.70 2-1-82 140,000 3-1-93 140,000
12.00 2-1-82 150,000 3-1-94 150,000
II 12.25 2-1-82 170,000 3-1-95 170,000
12.50 2-1-82 200,000 3-1-96 200,000
12.75 2-1-82 220,000 3-1-97 220,000
II1,475,000
Waterworks and Sewer
System Combination Tax
I and Revenue Bonds,
Series 1964 5.00 11-1-64 600,000 8-1-99 415,000
I Waterworks and Sewer
System Combination Tax
and Revenue Bonds,
ISeries 1970 8.50 4-1-70 600,000 4-1-89 285,000
Waterworks and Sewer
System Combination Tax
II and Revenue Bonds,
Series 1970-A 8.50 7-1-70 540,000 4-1-2000 540,000
II -112-
111
WA
OP
d.
GENERAL LONG-TERM DEBT EXHIBIT H-2 OP
SCHEDULE OF GENERAL LONG-TERM DEBT - 3 of 4
CITY OF FRIENDSWOOD, TEXAS 111
w
September 30, 1984
DATE OF OUTSTANDING i .
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1984
PP
Waterworks and Sewer
System Combination Tax
OP
and Revenue Bonds,
Series 1972 5.75 10-1-72 410,000 4-1-98 410,000 "'
5.00 10-1-72 250,000 4-1-2000 250,000
660,000 111
Waterworks and Sewer
System Combination Tax
and Revenue Bonds,
Series 1967 5.00 2-1-67 750,000 2-1-87 250,000
Waterworks and Sewer PP
System Combination Tax
and Revenue Bonds,
Series 1967-A 6.00 2-1-67 720,000 2-1-94 630,000 !r
Waterworks and Sewer
System Combination Tax
and Revenue Bonds,
Series 1972 6.75 4-1-72 600,000 4-1-2001 540,000
Waterworks and Sewer
System Combination Tax
and Revenue Bonds,
Series 1974 6.75 3-1-74 110,000 3-1-87 60,000 !!
6.90 3-1-74 30,000 3-1-88 30,000
7.00 3-1-74 30,000 3-1-89 30,000
7.10 3-1-74 30,000 3-1-90 30,000
7.25 3-1-74 30,000 3-1-91 30,000 !!
7.40 3-1-74 30,000 3-1-92 30,000
7.50 3-1-74 30,000 3-1-93 30,000
7.60 3-1-74 40,000 3-1-94 40,000 1!
7.70 3-1-74 450,000 3-1-2004 450,000
780,000 730,000
TOTAL GENERAL OBLIGATION !!
BONDS PAYABLE 8,321,000
r
-113 1!
-
II
II
IIGENERAL LONG-TERM DEBT EXHIBIT H-2
SCHEDULE OF GENERAL LONG-TERM DEBT - 4 of 4
IICITY OF FRIENDSWOOD, TEXAS
September 30, 1984
II DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
1 DESCRIPTION RATE ISSUE ISSUE MATURITY 1984
Certificates of
Obligation, Series 1980 7.00 9-1-80 60,000 9-1-85 20,000
II
Certificates of
Obligation, Series 1982 8.50 11-1-82 38,500 11-1-88 32,000
IICertificates of
Obligation, Series 1983 8.50 3-1-83 39,000 3-1-88 36,000
II TOTAL CERTIFICATES
OF OBLIGATION 88,000
Capital lease 14,163
II
TOTAL GENERAL
LONG-TERM DEBT $8,423,163
11
II
II
II
II
I
II
II
II -114-
Ir
•
iv
GENERAL LONG-TERM DEBT ACCOUNT GROUP '
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 1 of 5
CITY OF FRIENDSWO00, TEXAS
September 30, 1984
WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM
UNLIMITED TAX BONDS - SERIES UNLIMITED TAX BONDS - SERIES
1962 (GALVESTON COUNTY WATER 1963 (GALVESTON COUNTY WATER
CONTROL AND IMPROVEMENT CONTROL AND IMPROVEMENT SEWER IMPROVEMENT
YEAR ENDING TOTAL DISTRICT NO. 15) DISTRICT NO. 15) BONDS - SERIES 1967
SEPT. 30 PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
1985 $ 377,163 $ 619,751 $ 996,914 $ 6,750 $ 7,000 $ 2,911 $15,000 $ 2,205
1986 379,000 592,154 971,154 6,750 8,000 2,593 15,000 1,575
1987 404,000 564,594 968,594 6,750 8,000 2,252 15,000 945
1988 454,000 533,694 987,694 6,750 9,000 1,891 15,000 315
1989 435,000 501,050 936,050 6,750 10,000 1,488
1990 460,000 468,141 928,141 6,750 10,000 1,062
1991 495,000 433,429 928,429 6,750 10,000 638
1992 559,000 394,513 953,513 6,750 10,000 212
1993 595,000 350,428 945,428 6,750
1994 635,000 301,700 936,700 6,750If
1995 590,000 252,464 842,464 $ 30,000 6,075
1996 645,000 200,868 845,868 30,000 4,725
1997 685,000 150,526 835,526 30,000 3,375
1998 455,000 108,354 563,354 35,000 1,913
1999 485,000 80,164 565,164 25,000 562
2000 520,000 54,275 574,275
2001 100,000 16,850 116,850
2002 50,000 9,625 59,625
2003 50,000 5,775 55,775
2004 50,000 1,925 51,925
$8,423,163 $5,640,280 $14,063,443 $150,000 $84,150 $72,000 $13,047 $60,000 $ 5,040
I
I
I
I
I
I
II
-115II
-
I
II
I
EXHIBIT N-3
Page 2 of 5
GENERAL OBLIGATION
REFUNDING BONDS - GENERAL OBLIGATION DRAINAGE IMPROVEMENT GENERAL OBLIGATION STREET IMPROVEMENT GENERAL OBLIGATION STREET IMPROVEMENT
SERIES 1969 BONDS - SERIES 1973 BONDS - SERIES 1973 BONDS - SERIES 1974 BONDS - SERIES 1977 BONDS - SERIES 1979 BONDS - SERIES 1982
I PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
$ 10,000 $ 6,450 $15,000 $ 3,300 $ 6,075 $ 10,000 $ 50,027 $ 35,000 $ 73,150 $ 20,000 $ 18,020 $ 25,000 $ 177,340
15,000 5,825 15,000 2,475 6,075 10,000 49,238 35,000 71,225 20,000 16,620 50,000 172,465
15,000 5,075 15,000 1,650 6,075 10,000 48,447 40,000 69,300 20,000 15,220 60,000 165,315
15,000 4,325 15,000 825 6,075 10,000 47,658 45,000 67,100 20,000 13,890 70,000 156,865
15,000 3,575 $ 10,000 6,075 30,000 46,077 55,000 64,625 20,000 12,705 80,000 147,515
15,000 2,825 15,000 5,475 30,000 43,708 55,000 61,600 25,000 11,456 90,000 137,765
15,000 2,075 15,000 4,575 35,000 41,140 60,000 58,575 25,000 10,063 100,000 127,315
14,000 1,350 15,000 3,660 35,000 38,375 65,000 55,275 25,000 8,656 120,000 115,035
20,000 500 15,000 2,745 45,000 35,215 70,000 51,700 25,000 7,238 140,000 100,065
I 15,000 1,830 75,000 30,475 75,000 47,675 25,000 5,800 150,000 82,875
15,000 915 50,000 25,575 85,000 43,363 25,000 4,338 170,000 63,463
70,000 20,925 90,000 38,475 30,000 2,700 200,000 40,550
75,000 15,306 95,000 33,300 30,000 900 220,000 14,025
70,000 9,688 100,000 27,600
90,000 3,487 100,000 21,600
260,000 15,600
$134,000 $32,000 $60,000 $ 8,250 $100,000 $49,575 $645,000 $505,341 $1,265,000 $800,163 $310,000 $127,606 $1,473,000 $1,500,593
I
I
I
I
I
I
I
I -116-
P
P
1
IP
w*
GENERAL LONG-TERN DEBT ACCOUNT GROUP
OP
GENERAL LONG-TERN DEBT - BY MATURITY - 3 of 5
t*
WATERWORKS AND SEWER WATERWORKS AND SEWER WATERWORKS AND SEWER
SYSTEM CONBINATION TAX WATERWORKS AND SEWER WATERWORKS AND SEWER SYSTEM COMBINATION SYSTEM COMBINATION PP
AND REVENUE BONDS - SYSTEM COMBINATION SYSTEM COMBINATION TAX AND REVENUE RE- TAX AND REVENUE RE- k'
SERIES 1964 (GALVESTON TAX AND REVENUE TAX AND REVENUE FUNDING BONDS - FUNDING BONDS - !W
COUNTY WATER CONTROL AND BONDS - SERIES 1970 BONDS - SERIES 1970-A SERIES 1972 SERIES 1967
YEAR ENDING IMPROVEMENT DISTRICT NO. 21) (SUNMEADOW N.U.D.) (SUNMEADOW M.U.D.) (SUNMEADOW M.U.D.) (CLEAR WOODS I.D.
SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTERESTIP
1985 $ 20,000 $ 20,750 $ 50,000 $ 24,225 $ 45,900 $ 36,075 $ 75,000 $10,625
1986 20,000 19,750 55,000 19,975 45,900 36,075 75,000 6,875
1987 25,000 18,750 55,000 15,300 45,900 36,075 75,000 3,125
1988 25,000 17,500 60,000 10,625 45,900 36,075 25,000 625
1989 25,000 16,250 65,000 5,525 45,900 36,075 PP
1990 25,000 15,000 $ 70,000 45,900 36,075
1991 25,000 13,750 75,000 39,950 36,075 6'
1992 30,000 12,500 85,000 33,575 36,075
1993 30,000 11,000 90,000 26,350 36,075
1994 30,000 9,500 95,000 18,700 36,075
1995 30,000 8,000 70,000 10,625 $ 35,000 36,075
1996 30,000 6,500 4,675 115,000 34,063 +
1997 30,000 5,000 4,675 125,000 32,125
1998 35,000 3,500 4,675 135,000 24,938
1999 35,000 1,750 4,675 145,000 17,175
2000 55,000 4,675 105,000 9,925
2001 k
2002
2003
2004
$415,000 $179,500 $285,000 $ 75,650 $540,000 $427,975 $660,000 $515,051 $250,000 $21,250
6
r
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.,..„
I
-117-
I
EXHIBIT H-3
Page 4 of S
WATERWORKS AND SEWER WATERWORKS AND SEWER WATERWORKS AND SEWER
I SYSTEM COMBINATION SYSTEM COMBINATION SYSTEM COMBINATION
TAX AND REVENUE RE- TAX AND REVENUE RE- TAX AND REVENUE RE-
FUNDING BONDS - FUNDING BONDS - FUNDING BONDS -
SERIES 1967-A SERIES 1972 SERIES 1967
(CLEAR WOODS I.D.) (CLEAR WOODS I.D.) (CLEAR WOODS I.D.)
I PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
$ 10,000 $ 37,500 $ 15,000 $ 36,450 $ 20,000 $ 54,010
10,000 36,900 15,000 35,438 20,000 52,660
10,000 36,300 20,000 34,425 20,000 51,310
75,000 33,750 20,000 33,075 30,000 49,600
I 75,000 29,250 20,000 31,725 30,000 47,515
75,000 24,750 20,000 30,375 30,000 45,400
75,000 20,250 30,000 29,025 30,000 43,248
100,000 15,000 30,000 27,000 30,000 41,050
100,000 9,000 30,000 24,975 30,000 38,815
I 100,000 3,000 30,000 22,850 40,000 36,170
40,000 20,925 40,000 33,110
40,000 18,225 40,000 30,030
40,000 15,525 40,000 26,295
40,000 12,825 40,000 23,215
I 50,000 10,125 40,000 20,790
50,000 6,750 50,000 17,325
50,000 3,375 50,000 13,475
50,000 9,625
50,000 5,775
50,000 1,925
I $630,000 $245,700 $540,000 $393,088 $730,000 $641,343
I
I
I
I
I
I
I
1 -118-
Imp
PP
r
is
GENERAL LONG-TERM DEBT ACCOUNT GROUP
GENERAL LONG-TERM DEBT - BY MATURITY - 5 of 5 PIP
t
r
CERTIFICATES OF CERTIFICATES OF CERTIFICATES OF
YEAR ENDING OBLIGATION - SERIES 1980 OBLIGATION - SERIES 1982 OBLIGATION - SERIES 1983 CAPITAL LEASE
SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
1985 $ 20,000 $ 1,400 $ 8,000 $ 2,380 $ 8,000 $ 2,720 $14,163 $1,488
1986 8,000 1,700 8,000 2,040
1987 8,000 1,020 8,000 1,360
1988 8,000 340 12,000 510
1989
1990
1991
1992
1993
1994
1996
1996
1997
1998
1999
2000
2002
2002
2003
2004
$ 20,000 $=-1_400 $32,000 $ 5,440 $36,000 $ 6,630 $14,163 $1,488
r
r
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1
—119—
SCHEDULES
-120-
IP
PP
PP
COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS - 1 of 2 EXHIBIT I-1
CITY OF FRIENDSWOOD, TEXAS IP
September 30, 1984
PP
PP
CERTIFICATE INTEREST MATURITY 66.
DESCRIPTION NUMBER RATE DATE AMOUNT
General Fund PP
Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8102 10.48% 10/12/84 $300,000 PP
Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8114 10.63 10/19/84 166,523 !!
Special Revenue Fund
Certificate of Deposit PP
-
Texas Commerce Bank,
Friendswood, Texas 8113 8.00 12/28/84 5,000
111
Debt Service Fund
Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8117 10.80 11/28/84 110,000 !!
Enterprise Fund
Certificate of Deposit - PF
Texas Commerce Bank, 62,6
Friendswood, Texas 8112 8.00 12/28/84 36,700
/11
Fund Certificate of
Deposit - Texas
Commerce Bank,
Friendswood, Texas 8116 10.80 11/28/84 229,365
6
!!
!!
!!-121-
71
7!
7! COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS - 2 of 2 EXHIBIT I-1
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
1!I
CERTIFICATE INTEREST MATURITY
DESCRIPTION NUMBER RATE DATE AMOUNT
Certificate of Deposit -
11 Texas Commerce Bank,
Friendswood, Texas 8084 10.78 10/16/84 186,380
11 Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8108 10.63 11/20/84 465,793
11 Non-expendable Trust Fund
Certificate of Deposit -
Texas Commerce Bank,
11 Friendswood, Texas 8115 8.00 12/28/84 16,590
11 TOTAL ALL FUNDS $1,516,351
11
11
-122-
YP
GENERAL FUND EXHIBIT I-2
uP
SCHEDULE OF DELINQUENT TAXES RECEIVABLE
CITY OF FRIENDSWOOD, TEXAS P
September 30, 1984
O.
N
PP
DELINQUENT TAXES RECEIVABLE
GENERAL DEBT SERVICE
YEAR FUND FUND TOTAL 111,
1983 $ 64,296 $27,925 $ 92,221
PP
1982 20,253 10,537 30,790
1981 9,482 4,380 13,862
1980 7,529 3,462 10,991
1979 5,789 1,633 7,422 PP
1978 3,494 867 4,361 i.
1977 2,248 946 3,194
1976 1,986 1,073 3,059PIP
1975 1,597 606 2,203 i.
1974 757 213 970
1973 81 10 91
1972 19 3 22 Po
1971 15 9 24
1970 15 9 24
1969 20 5 25
1968 16 8 24
1967 14 10 24
1966 49 24 73
!!
TOTAL DELINQUENT
TAXES RECEIVABLE $117,660 $51,720 $169,380
!!
I!
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I!
-12311
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STATISTICAL SECTION
I
I
-124-
PO
r
GENERAL REVENUE - BY SOURCE
CITY OF FRIENDSWOOD, TEXAS
Ten Years ended September 30, 1984 10
INTER- LICENSES CHARGES ife
FISCAL GOVERNMENTAL AND FOR SERVICE INTEREST
YEAR REVENUE TAXES PERMITS (SANITATION) INCOME
PO
1974-75 $ 29,595 $ 740,335 $25,158 $ 88,148 $ 10,802
1975-76 54,296 1,138,633 36,200 112,021 20,592
iiii
1976-77 58,654 1,421,916 27,438 156,311 27,628
PO
1977-78 128,182 1,518,773 57,551 193,249 103,841 :'` ,.
1978-79 154,370 1,862,738 54,724 212,093 67,775
OP
1979-80 220,470 1,780,798 43,399 268,481 36,272
1980-81 143,760 2,416,105 49,580 275,870 75,172 IP
4,
1981-82 311,695 2,188,070 75,292 289,034 125,888
p
1982-83 97,271 2,602,930 180,972 344,178 91,593
1983-84 335,077 3,285,018 167,484 431,941 112,516
li
Includes the General, Special Revenue, and Debt Service Funds. !!
Source - Accounting records of the City.
!!
1:
!!
-125 !!
-
EXHIBIT I
FINES AND MISCELLANEOUS
FORFEITURES REVENUE TOTAL
$ 12,784 $16,328 $ 923,150
14,514 17,937 1,394,193
19,103 15,876 1,726,926
25,542 28,078 2,055,216
69,228 43,771 2,464,699
3 103,447 42,168 2,495,035
129,824 31 ,250 3,121 ,561
111,975 84,124 3,186,078
102,609 123,088 3,542,641
128,694 42,473 4,503,203
-126-
PP
IF
GENERAL GOVERNMENTAL EXPENDITURES - BY FUNCTION
p
CITY OF FRIENDSWOOD, TEXAS
Ten years ended September 30, 1984 PP
MP
CULTURE
FISCAL GENERAL PUBLIC PUBLIC AND
YEAR GOVERNMENT SAFETY WORKS SANITATION RECREATION
1974-75 $145,363 $181,373 $230,824 $115,037 $ 60,938 04,
1975-76 174,264 302,479 257,325 154,027 81,488 111
1976-77 254,632 323,833 185,554 200,724 184,759
1977-78 282,252 438,013 235,506 223,878 180,216 111
40,
1978-79 428,395 626,906 292,116 271,220 391,512
1979-80 462,461 798,798 329,713 261,471 208,473
1980-81 626,120 754,259 452,316 292,896 208,292 11
1981-82 680,792 856,648 474,575 288,813 299,028
PR
1982-83 714,608 1,188,214 596,633 336,635 314,853
04
1983-84 812,289 1,311,923 958,188 436,299 390,361
FP
Includes the General, Debt Service, and Special Revenue Funds. p!
Source - Accounting records of the City.
r
!!
-127 !!
-
EXHIBIT II
HEALTH
AND DEBT
WELFARE SERVICE TOTAL
$ 5,769 $123,191 $ 862,495
6,353 151,053 1,126,989
6,905 140,810 1,297,217
6,748 158,108 1,524,721
8,047 272,800 2,290,996
123,200 274,096 2,458,212
58,179 302,732 2,694,794
42,243 414,440 3,056,539
46,582 497,405 3,694,930
48,014 983,609 4,940,683
I
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-128-
p
p
k
TAX REVENUES - BY SOURCE EXHIBIT III
CITY OF FRIENDSWOOD, TEXAS ri
Ten years ended September 30, 1984
fil
BUSINESS
GENERAL GENERAL GROSS INDUSTRIAL
FISCAL TOTAL PROPERTY SALES RECEIPTS DISTRICT BEVERAGE L
YEAR TAXES TAXES TAX TAXES TAXES* TAX
1974-75 $ 740,335 $ 630,913 $ 68,863 $ 38,432 $2,127li.
1975-76 1,138,633 829,712 104,320 50,514 $151,404 2,683
PI
1976-77 1,421,916 956,474 119,044 63,229 280,053 3,116
1977-78 1,518,773 1,012,351 154,946 77,047 270,982 3,447
1111
ii
1978-79 1,862,738 1,128,611 191,789 92,446 446,302 3,590
1979-80 1,780,798 1,206,271 275,675 107,731 186,678 4,443 !!
1980-81 2,416,105 1,446,071 415,228 178,789 371,622 4,395
1981-82 2,188,070 1,599,521 99,497 185,708 302,064 1,280 ik
1982-83 2,602,930 2,113,715 336,234 151,746 - 1,235
!!
1983-84 3,285,018 2,727,942 351,431 204,275 - 1,370
!!
*Contract with Industrial District from 1976 to 1980 and a new contract from 1!
1980 to 1982 with a guarantee of at least $300,000 a year.
Source - Accounting records of the City.
I!
I!
li
II
-129- 1
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-130-
11.
10
s
PROPERTY TAX LEVIES AND COLLECTIONS
p
CITY OF FRIENDSWOOD, TEXAS
ik
Ten years ended September 30, 1984
PP
I.
f
PERCENT
Pi
FISCAL TAX TAX TOTAL CURRENT TAX OF LEVY
YEAR YEAR RATE TAX LEVY COLLECTIONS COLLECTED
1974-75 1974 1.10 $ 658,149 $ 621,305 94.40%
1975-76 1975 1.20 833,814 802,330 96.22 ■
1976-77 1976 1.20 961,441 932,258 96.96
1977-78 1977 1. 15 1,021,935 987,372 96.62
1978-79 1978 1. 15 1,147,958 1,105,811 96.33
1979-80 1979 1. 15 1,231,876 1,175,513 95.42
is
1980-81 1980 .775 (1) 1,459,086 1,394,770 95.59
1981-82 1981 .775 1,586,474 1,531,878 96.56
1982-83 1982 .735 2,068,817 1,989,751 (2) 96. 18
1983-84 1983 .720 2,491,879 2,400,000 (2) 96.32
!!
(1) Assessment ratio increased to 100% in 1980. ri,
(2) Net of homestead exemption refunds.
!!
Source - Tax assessor/collector' s records.
Pi
!!
ra
-131I!
-
4
EXHIBIT IV
1
4
11
II TOTAL
COLLECTION OUTSTANDING
AS A DELINQUENT
1! DELINQUENT TOTAL PERCENT OUTSTANDING TAXES AS A
TAX TAX OF CURRENT DELINQUENT PERCENT OF
COLLECTIONS COLLECTIONS LEVY TAXES CURRENT LEVY
11 $ 9,608 $ 630,913 95.86% $ 43,713 6.64%
27,382 829,712 99.51 47,517 5.69
11 24,216 956,474 99.48 52,130 5.42
11 24,979 1,012,351 99.06 61 ,533 6.02
22,800 1,128,611 98.31 79,839 6.95
11 30,758 1,206,271 97.92 102,969 8.36
51,301 1,446,071 99. 11 135,756 9.30
11 67,643 1,599,521 100.82 142,473 8.98
11 123,964 2,113,715 102.17 123,882 5.99
50,915 2,450,915 98.36 169,380 6.80
11
II
II
Il
II
11 -132-
gP
gP
ASSESSED AND ESTIMATED ACTUAL VALUE
fir
OF TAXABLE PROPERTY
CITY OF FRIENDSWOOD, TEXAS OP
Ten years ended September 30, 1984
OP
REAL PROPERTY PERSONAL PROPERTY
ESTIMATED ESTIMATED PP
FISCAL TAX ASSESSED ACTUAL ASSESSED ACTUAL
YEAR YEAR VALUE VALUE VALUE VALUE
1974-75 1974 $ 58,605,740 $ 97,676,230 $1 ,364,990 $2,274,980
1975-76 1975 68,820,840 114,701,400 1,138,450 1,897,420
IP
1976-77 1976 79,476,130 132,460,220 1,225,050 2,041 ,750 k.
1977-78 1977 87,796,960 146,328,267 1,738,760 2,897,933 P
1978-79 1978 98,489,560 164,149,267 2,062,730 3,437,883
1979-80 1979 105,509,070 175,848,450 2,242,850 3,738,083 PP
1980-81 1980 184,417,212 185,079,900 5,084,410 5,084,410
1981-82 1981 199,752,590 202,654,120 6,432,770 6,432,770 k
1982-83 1982 291,156,780 276,566,160 7,295,310 7,295,310
1983-84 1983 339,704,379 436,557,744 6,389,970 6,389,970
ril
r
* Assessment ratio increased to 100% in 1980.
lip
Source - Tax assessor/collector' s records.
F
I!
I!
-133-
1
1
EXHIBIT V
II
1
TOTAL RATIO OF
II
ESTIMATED ASSESSED TOTAL ASSESSED VALUE
ASSESSED ACTUAL VALUE OF TAXABLE ASSESSED TO ESTIMATED
VALUE VALUE EXEMPTIONS VALUE ACTUAL VALUE
1 $ 59,970,730 $ 99,951 ,210 $ 139,005 $ 59,831,725 60%
69,959,290 116,598,820 474,790 69,484,500 60
1 80,701,180 134,501 ,970 581 ,095 80,120,085 60
1 89,535,720 149,226,200 671,810 88,863,910 60
100,552,290 167,587,150 573,900 99,978,390 60
1 107,751,920 179,586,533 633,440 107,118,480 60
189,501,622 190,164,310 1,987,238 187,514,384 100 *
1 206,185,360 209,086,890 4,380,567 201,804,793 100 *
1 298,452,090 283,861 ,470 85,672,799 212,779,291 100 *
346,094,349 442,947,714 96,853,365 249,240,984 100 *
1
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I -134-
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PP
a
PROPERTY TAX RATES AND TAX LEVIES - ALL OP
OVERLAPPING GOVERNMENTS - 1 of 2
CITY OF FRIENDSWOOD, TEXAS li
6
Ten years ended September 30, 1984
f
a
FRIENDSWOOD CLEAR CREEK
INDEPENDENT INDEPENDENT !!
FISCAL TAX CITY OF SCHOOL SCHOOL
YEAR YEAR FRIENDSWOOD DISTRICT DISTRICT
TAX RATE
a
1974-75 1974 1.10 1.82 1.83
1975-76 1975 1.20 1.82 1.77 PP
1976-77 1976 1.20 1.90 1.84
1977-78 1977 1.15 1.84 1.84
1978-79 1978 1.15 1.84 1.55
1979-80 1979 1.15 1.81 .82
1980-81 1980 .775 1.77 .82
1981-82 1981 .775 1.86 .88 010
1982-83 1982 .735 1.83 .83
a
1983-84 1983 .720 1.79 .82
TAX LEVIES
m.
1974-75 1974 658,149 1,483,887 8,747,268
1975-76 1975 833,814 1,726,958 9,694,6021111
1976-77 1976 961,441 2,084,644 10,506,189 r
1977-78 1977 1,021,935 2,255,166 10,499,589
1978-79 1978 1,147 ,958 2,456,479 14,315,746
1979-80 1979 1,231,876 2,718,490 16,431,313 !!
1980-81 1980 1,459,086 3,123,225 19,977,989
1981-82 1981 1,586,474 3,567,480 22,647,479
1982-83 1982 2,068,817 4,854,834 25,331,425 !!
1983-84 1983 2,491,879 5,233,942 27,542,883
!!
ra
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I!
-135I!
-
91
't EXHIBIT VI
1
11
j;.
411
1 CLEAR CREEK
I GALVESTON HARRIS DRAINAGE
COUNTY COUNTY DISTRICT
1! TAX RATE
.920 1.090 .100
.920 1.130 .100
1111! .970 1.160 .100
.970 1.110 .100
111 .940 1.100 .100
.930 1.100 .080
.915 1.130 .100
.300 .376 .100
.300 .360 .150
.395 .377 .150
1! TAX LEVIES
5,832,464 62,247,940 80,696
11 7,193,689 75,401,000 85,351
9,170,621 150,413,705 91,534
10,478,788 86,209,774 99,764
11 10,719,130 140,067,072 113,473
11,871,339 152,422,186 101,276
12,957,655 175,846,769 163,441
18,673,000 218,001,248 256,004
11 18,137,783 238,964,304 486,722
26,640,815 270,971,084 506,281
I
11
1
II -136-
PROPERTY TAX RATES AND TAX LEVIES - ALL
OVERLAPPING GOVERNMENTS - 2 of 2
FRIENDSWOOD CLEAR CREEK
INDEPENDENT INDEPENDENT
CITY OF SCHOOL SCHOOL
FRIENDSWOOD DISTRICT DISTRICT
p
Tax Rate �.
Limits
1) Amount $2.50 $1.50 $2.00
2) Source Statutory Statutory Statutory
Due date P
Current taxes 10-1 10-1 10-1
Date taxes
become P"
delinquent 2-1 2-1 2-1
Penalties for
delinquency 6.0% on 2-1 6.0% on 2-1 7.0% on 2-1 p
plus 2.0% for plus 2.0% for plus 1.0% for
each month each month each month
thereafter thereafter thereafter
r
NOTE: The tax rate for Debt Service is unlimited in amount for all govern-
mental units presented in this schedule.
SOURCE - Tax department records of the various entities.
r
r
-137 I!
-
EXHIBIT VI
CLEAR CREEK
GALVESTON HARRIS DRAINAGE
COUNTY COUNTY DISTRICT
1
$1.60 Unlimited $.20
Statutory Statutory Statutory
10-1 10-1 10-1
2-1 2-1 2-1
11.0% on 2-1 7.0% on 2-1 plus 10.5% on 2-1 plus
plus 1.0% for 2.0% for each 1.0% for each
each month month through month there-
thereafter 7-31 and 1.0% after
for each month
thereafter
1
1
1
1
1
1
' -138-
IP
0
FP
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED
VALUE AND NET BONDED DEBT PER CAPITA PP
k.
CITY OF FRIENDSWOOD, TEXAS
PP
Ten years ended September 30, 1984
r
tw
GROSS LESS DEBT !!
FISCAL ASSESSED BONDED SERVICE
YEAR POPULATION VALUE DEBT FUNDS
rio
1974-75 7,480 $ 59,970,730 $4,026,000 $ 36,061 14
1975-76 8,281 69,959,290 3,942,000 117,183
1976-77 9,016 80,701 ,180 3,906,000 107,035
1977-78 10,094 89,535,720 5,133,000 146,773 ill
lit
1978-79 10,301 100,552,290 5,417,000 122,363
1979-80 10,719 107,751 ,920 5,354,000 117,551 !!
1980-81 11,169 188,269,162 5,217,000 143,168
r.
1981-82 11 ,770 204,706,323 6,560,000 145,075
1982-83 12,530 281 ,471 ,701 6,470,500 153,535r.,
1983-84 17,365 346,094,349 8,423,163 197,749
!!
SOURCE - City's records. .
!!
ss
!!
I!
-139 II
-
7 EXHIBIT VII
7
RATIO OF NET
1! NET BONDED DEBT
BONDED TO ASSESSED NET BONDED DEBT
DEBT VALUE % PER CAPITA
$3,989,939 6.7% $533.41
3,824,817 5.5 461 .88
41
3,798,965 4.7 421 .36
4,986,227 5.6 493.98
5,294,637 5.3 513.99
5,236,449 4.9 499.49
5,073,832 2.7 454.28
6,414,925 3.1 545.02
6,316,965 2.2 504.15
8,225,414 2.4 473.68
11
I
I
11 -140-
P
p
COMPUTATION OF NET DIRECT AND ESTIMATED OVERLAPPING DEBT EXHIBIT VIII
CITY OF FRIENDSWOOD, TEXAS
r'
September 30, 1984
PP
PERCENTAGE CITY OF
NET DEBT APPLICABLE FRIENDSWOOD'S
NAME OF GOVERNMENTAL UNIT OUTSTANDING TO CITY OF FRIENDSWOOD SHARE OF DEBT
Friendswood Independent
School District $ 6,700,000 100.00% $ 6,700,000
Clear Creek Independent
School District 54,690,000 3.38 1,848,522
Galveston County 46,484,667 4.87 2,263,803
Harris County 352,745,965 .16 564,394
Clear Creek Drainage
District 100,000 100.00 100,000
TOTAL NET OVERLAPPING DEBT 11,476,719
Net General Long-Term Debt - City of Friendswood 8,225,414
TOTAL NET DIRECT AND ti
OVERLAPPING DEBT $ 19,702,133
116
1:
Source - Finance department records of the various governments.
1!
11
-141-
1
1
1 COMPUTATION OF LEGAL DEBT MARGIN EXHIBIT IX
CITY OF FRIENDSWOOD, TEXAS
1 September 30, 1984
1
IIThe City does not have a legal debt margin.
1
I
1
1
1
1
1
1
1
1
1
1
1
-142-
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i
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES EXHIBIT XII
FOR GENERAL BONDED DEBT TO TOTAL kw
GENERAL EXPENDITURES
CITY OF FRIENDSWOOD, TEXAS !!
Ten years ended September 30, 1984
11
II
INTEREST
AND RATIO OF DEBT SERVICE ro,
FISCAL TOTAL TOTAL TO TOTAL GENERAL
FISCAL AGENT DEBT GENERAL GOVERNMENTAL
YEAR PRINCIPAL FEES SERVICE EXPENDITURES EXPENDITURES
1974-75 $ 23,000 $100,191 $123,191 $ 862,495 14.28% 1!
1975-76 49,000 102,053 151,053 1,126,989 13.40
tilio
1976-77 41,000 99,810 140,810 1,297,217 10.85
1977-78 58,000 100,108 158,108 1,524,721 10.37 1:
1978-79 56,000 216,800 272,800 2,290,996 11 .91
1979-89 78,000 196,096 274,096 2,458,212 11.15 hi
1980-81 99,336 203,396 302,732 2,694,794 11.23
!!
1981-82 110,631 303,809 414,440 3,056,539 13.56
1982-83 123,759 373,646 497,405 3,684,230 13.50I
1983-84 356,000 627,609 983,609 4,940,683 19.91
SOURCE - Accounting records of the City.
11
II
1!
11
-143-
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
t
t blank.)
age intentionally let
I (This 4
I
OP
111/
SCHEDULE OF REVENUE BOND COVERAGE OP
C+
ice,
CITY OF FRIENDSWOOD, TEXAS
OP
Ten years ended September 30, 1984
rill
OPERATING NET OPERATING !!
NUMBER NUMBER EXPENSES REVENUE
FISCAL OF WATER OF SEWER OPERATING BEFORE AVAILABLE FOR
YEAR CUSTOMERS CUSTOMERS REVENUE DEPRECIATION DEBT SERVICE !I:,
1974-75 2,137 2,137 $ 230,598 $ 172,086 $ 58,512
1975-76 2,366 2,366 319,610 247,445 72,165
1976-77 2,576 2,576 459,720 298,424 161,296 PI
1977-78 2,884 2,884 584,339 378,552 205,787
OP
1978-79 3,086 3,020 674,803 501,029 173,774
m.
1979-80 3,086 3,020 877,947 564,500 313,447
PO
1980-81 3,215 3,048 1,109,296 753,350 355,946
1981-82 3,388 3,212 1,134,886 756,498 378,388 O'
6;
1982-83 3,659 3,430 1,450,044 861,935 588,109
1983-84 4,998 4,686 2,141,284 1,072,741 1,068,543
111
PP
i.
SOURCE - Accounting records of the City.
IP
u
P
r
P
w
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-145- i`
11
11 EXHIBIT XI
11
11
I
REVENUE BOND DEBT
' DEBT SERVICE REQUIREMENTS SERVICE
PRINCIPAL INTEREST TOTAL COVERAGE
10,000 $41,550 $ 51 ,550 1.14%
15,000 40,738 55,738 1.29
15,000 39,762 54,762 2.95
15,000 38,788 53,788 3.83
11 15,000 37,812 52,812 3.29
215,000 88,908 303,908 1.03
' 65,000 84,552 149,552 2.38
11 70,000 99,005 169,005 2.19
70,000 91,113 161 ,113 3.65
' 65,000 96,525 161,525 6.62
11
11
11 -146-
op
i
ow
TAX RATE DISTRIBUTION FOR DEBT SERVICE EXHIBIT XII
W.
CITY OF FRIENDSWOOD, TEXAS
OP
Ten years ended September 30, 1984
IP
GENERAL DEBT SERVICE TOTAL TAX
TAX YEAR FUND FUND RATE
1974 $.854 $.246 $1 .10
fir
1975 .876 .324 1.20
1976 .787 .413 1.20 11
1977 .813 .337 1.15 ,A,
1978 .921 .229 1.15 `o`
1979 .897 .253 1.15 IP
1980 .5311 .2434 .775 - A
A
1981 .53 .245 .775 - Alow
1982 .4835 .2515 .735 - A
IP
1983 .502 .218 .720 - A oio
OP
NOTE A - Assessment ratio was increased to 100% of market value
in 1980.
!!
SOURCE - City's tax ordinances.
iiw
1!
IP
r
OP
I
-147-
1
II
IIPRINCIPAL TAXPAYERS EXHIBIT XIII
CITY OF FRIENDSWOOD, TEXAS
11 September 30, 1984
IIPERCENT OF
ASSESSED VALUE
ASSESSED TO TOTAL
IINAME OF TAXPAYER NATURE OF BUSINESS VALUE ASSESSED VALUE
1. Exxon Petroleum $51 ,023,570 14.7%
II 2. Crown Central
Petroleum Petroleum 15,201,160 4.3
II3. Southwestern Bell
Telephone Utility Co. 9,183,600 2.6
II4. Amoco Petroleum 3,288,890 .9
5. Texas New Mexico
1 Power Utility Co. 3,114,150 .9
6. Brio Refining Petroleum 3,048,030 .9
1 7. John J. Jones
Estate Land 2,672,900 .8
II8. Ralph Lowe Investments 2,343,120 .8
9. Salem Square
IIApartments Apartments 1,654,550 .5
10. C. E. Henley Land 1 ,626,650 .5
1 $93,156,620 26.9%
II
SOURCE - Tax assessor/collector's records.
1
II
II
-148-
II
a
SCHEDULE OF INSURANCE IN FORCE - 1 of 2 ,11
CITY OF FRIENDSWOOD, TEXAS
PP
September 30, 1984 k
Po
INSURER POLICY NO. COVERAGE AMOUNT
a
FIRE
!!
American Economy ME42-026-064 Fire, EC, V&MM Library $357,000 Bldg.
Insurance Company Building 415,000 Contents
St. Paul Mercury 142ZC6147 Fire, EC, V&MM Public $176,000 Bldg. II
Insurance Company Works Building 48,000 Contents
St. Paul Guardian 142EA1537 Fire, EC, V&MM Fire $254,000 Bldg. Pi
Insurance Company Station #1 28,400 Contents
!!
Standard Fire 61FP1028143 Fire, EC, V&MM Blanket $555,880
Insurance Company on all Building and
Contents City Hall
ill
St. Paul Mercury 142ZC6146 Fire, EC, V&MM $ 27,500 Bldg.
Insurance Co. Counseling Center 11,000 Contents 1!
St. Paul Mercury 142RD5530 Fire, EC, V&MM $ 86,400 Bldg.
Insurance Co. Fire Station #2
St. Paul Mercury 142CL8965 Fire, EC, V&MM
Insurance Co. Six park buildings $ 71,000
PP
LIABILITY
St. Paul Insurance 542TH3457 Comprehensive General
Company Liability $250,000 !!
Comprehensive Auto
Liability $500,000
Physical Damage 100,000II
St. Paul Mercury 342ZE5075 Contractor's Equipment $124,620
Insurance Company
II
St. Paul Insurance 542TK8947 Open Stock Burglary $ 3,000
Company Coverage on Public
Works
St. Paul Mercury 342ZE5075 Park equipment $204,380
Insurance Co. !!
Omaha Indemnity FL1932137639 Flood - Library Bldg. $163,400
Contents 100,000
II
National Flood FL1940990565 Flood - Pub. Wks. Bldg. $161,000
Insurance Contents 36,500
{
-149-
' EXHIBIT XIV
I
CO-INSURANCE BEGINS TERM PREMIUM
' 80% 1-05-84 1 yr. $ 1,428
80% 4-10-84 1 yr. 1,309
' 80% 3-24-84 1 yr. 996
' 90% 10-01-84 1 yr. 1,926
80% 4-16-84 1 yr. 137
' 80% 4-16-84 1 yr. 935
80% 12-1-83 1 yr. 461
12-1-83 1 yr. 69,026
' - 12-1-83 1 yr. 4,587
' 60% 8-2-84 1 yr. 79
' - 12-1-83 1 yr. 2,555
' - 8-3-84 1 yr. 708
' - 2-6-84 1 yr. 291
-150-
OP
SCHEDULE OF INSURANCE IN FORCE - 2 of 2
1111
IF
INSURER POLICY NO. COVERAGE AMOUNT
I!
LIABILITY - continued
Lincoln Insurance11
Company LGLA-0028611 Ambulance Drivers,
Attendants Malpractice $1,000,000
Republic Insurance111
Company PF-1558 Public Officials Liability $1,000,000
National Flood FL2-001256227 Flood - Fire Station #1
Insurance Building $220,000
ili
Contents 23,100
National Flood FLZ001944988 Flood - Counseling Center ill
Insurance Building $ 25,000
Contents 10,000
Po
ACCIDENT
American States MP4407 Volunteer Firemen -
Insurance Co. Accidental Policy $ 25,000 ,111
WORKERS' COMPENSATION
!!TML Workers' A0478 Statutory Statutory
Compensation Fund
FIDELITY !!
Aetna Casualty and 61S35126 Bond - Director of p
Surety Company Finance $ 10,000 Fill
Aetna Casualty and
Surety Company 61S22939 Bond - City Manager $ 10,000 !!
Aetna Casualty and 61S355388 Bond - Building Inspector $ 2,000
Surety Company
!!
Aetna Casualty and 61S25187 Bond - Tax Assessor $ 50,000
Surety Company
!!
St. Paul Insurance 400FL8623 Blanket Bond $ 10,000
Company
!!
SOURCE: City' s insurance policies.
-151 1!
-
I
EXHIBIT XIV
I
CO—INSURANCE BEGINS TERM PREMIUM
1
11-4-83 1 yr. $ 784
— 10-31-83 1 yr. 1 ,727
' — 2-22-84 1 yr. 434
— 4-27-84 1 yr. 123
— 3-27-84 1 yr. 1,148
' — 10-1-83 1 yr. 36,700
' — 6-15-84 1 yr. 35
— 5-16-84 1 yr. 50
2-01-84 1 yr. 30
' — 11-29-83 2 yrs. 463
' — 10-01-83 1 yr. 233
' —152—
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS EXHIBIT XV
p
CITY OF FRIENDSWOOD, TEXAS
Ten years ended September 30, 1984
011
FISCAL CONSTRUCTION BANK PROPERTY
!!
YEAR POPULATION COMMERCIAL RESIDENTIAL TOTAL DEPOSITS VALUE
1984 17,365 $3,138,610 $28,240,529 $31,379,139 $65,328,043 $486,902,511
SOURCE - Texas Commerce Bank Friendswood.
IP
IP
11/
!!
!!
11
!!
!!
11
-153-
I!
MISCELLANEOUS STATISTICAL DATA - 1 of 3 EXHIBIT XVI
11 CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
Date of Incorporation October 15, 1960
Date of present charter Adopted Home Rule Charter
October 16, 1971
Form of Government Council - Manager
11 Area 15 Square Miles
Miles of streets and alleys
1 Streets - paved 71.2 miles
Streets - unpaved 8.4 miles
Sidewalks 1.0 miles
1
Fire Protection
Number of stations 2
Number of employees 1
Number of volunteers 80
Police Protection
' Number of stations 1
Number of employees 24
Number of patrol units 12
Recreation
Number of parks 4
Size of parks 10.7 acres, 12.6 acres, 6 acres,
16.7 acres, 4.5 acres
Number of golf courses 0
Number of swimming pools 0
Number of tennis courts 4
I
1
11
-154-
p
MISCELLANEOUS STATISTICAL DATA - 2 of 3 EXHIBIT XVI
IP
p
Storm sewers
Miles of storm sewer 22 miles
Population
1975 7,480 11.
1976 8,281
1977 9,016
1978 10,094
1979 10,801
1980 10,719
1981 11,169
1982 11,770 PP
1983 12,530
1984 17,365
OP
Building Permits
1974-75 $ 5,979,108
1975-76 10,215,105 Po
1976-77 7,441,381
1977-78 16,395,154
1978-79 17,444,441
1979-80 12,893,393
1980-81 13,197,941
1981-82 15,102,000
1982-83 31,211,841 1111
1983-84 31,379,139
i
R
-155-
I
11
MISCELLANEOUS STATISTICAL DATA - 3 of 3 EXHIBIT XVI
1
Education
Friendswood Independent School District
Number of teachers 4
Number of students 2,749
1 City employees
1 Department Heads 7
Employees 67
Total 74
Election
Number of votes cast
Last city election 1,565
Water
Source 5 wells
1 Average daily consumption 1,335,000 gallons
Maximum daily consumption 1,700,000 gallons
Water mains 65 miles
' Number of connections 4,998
1 Sewer
Average daily capacity 2,200,000 gallons
Maximum daily capacity 2,660,000 gallons
1 Sanitary sewer mains 64 miles
Number of connections 4,686
1
1
1
1
-156-
If
III
PRINCIPAL OFFICIALS
pc
CITY OF FRIENDSWOOD, TEXAS
September 30, 1984
!I
ELECTIVE11
CITY OFFICIALS ADDRESS POSITION
Ralph Lowe 1605 S. Friendswood Dr. Mayor II
Leon Brown 314 S. Friendswood Dr. Councilman - Position No. 1
Robert Wicklander 1109 Myrtlewood Councilman - Position No. 2
Evelyn B. Newman 502 Falling Leaf Councilwoman - Position No. 3 IN
Paul W. Schrader 504 Liberty Circle Councilman - Position No. 4 Pr
tit
Jan Jordan 908 Pine Hollow Councilwoman - Position No. 5
Bruce Branham 202 Ron Circle Councilman - Position No. 6
r!
APPOINTIVE POSITION
James C. Morgan 207 Chelsea Lane City Manager
David Quick 406 Glenlea Director of Finance
Joseph M. Wright 204 E. Heritage Police Chief
Melvin Meinecke 1602 Dallas, So. Houston Director of Public Works
Luis Suarez 723 Main Suite 707, Houston Judge - Municipal Court
Nick Capuano 4212 Lucian, Friendswood Building Inspector
Vance Riley P.O. Box 5957, Coll. St. Fire Marshal mo
Dr. Richard Conway 505 Friendswood Dr. Health Officer
Alta Carbone P.O. Box 31, Friendswood Tax Assessor - Collector111
Deloris McKenzie Rt. 2, P.O. Box 80 City Secretary Nik
Olson & Olson 3485 Capital Bank Plaza,
Houston City Attorney
Cecil Chance 207 Brandywyne Water and Sewer Superintendent
Kenneth Camp 203 Shady Nook Civil Defense Director
!!
!!
!!
!!
!!
-157-
EXHIBIT XVII
TERM AMOUNT OF
1111 EXPIRES SURETY BOND
April , 1986 NONE
April , 1986 NONE
April, 1985 NONE
April, 1986 NONE
' April, 1985 NONE
April, 1986 NONE
April , 1985 NONE
' 10,000
10,000
NONE
NONE
NONE
' 2,000
NONE
NONE
50,000
' NONE
NONE
NONE
NONE
1
I
I
t -158-