HomeMy WebLinkAbout1985 09 30 Annual Comprehensive Financial Report - City of Friendswood 1
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CITY OF FRIENDSWOOD, TEXAS
COMPREHENSIVE ANNUAL
' FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1985
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IICONTENTS
IIExhibit Page
INTRODUCTORY SECTION 7
IILetter of Transmittal 9-15
Organization Chart 16
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Principal Officials 17
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FINANCIAL SECTION 19
Accountants' Report 21
1 Combined Statements - Overview
("Liftable" General Purpose Financial Statements)
1 Combined Balance Sheet - All Fund Types and
Account Groups 22-25
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Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
Types 26-27
I Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue and Debt Service
IIFund Types 28-29
Combined Statement of Revenues, Expenses and
11 Changes in Retained Earnings/Fund Balance -
Proprietary Fund Type and Similar Trust Fund 30-33
Combined Statement of Changes in Financial Position -
IIProprietary Fund Type and Similar Trust Fund 34-35
Notes to Financial Statements 36-52
IIIndividual Fund and Account Group
Statements and Schedules
IIGeneral Fund 55
Comparative Balance Sheet A-1 56
IIStatement of Revenues - Budget and Actual A-2 57
1 Statement of Expenditures - Budget and Actual -
By Function A-3 58
Statement of Expenditures - Budget and Actual -
IIBy Object A-4 59-63
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CONTENTS - 2 11
Exhibit Page
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FINANCIAL SECTION (Continued)
Individual Fund and Account Group
Statements and Schedules (Continued)
Special Revenue Funds 65
Combining Balance Sheet B-1 66
Combining Statement of Revenues, Expenditures 1
and Changes in Fund Balances B-2 67
Revenue Sharing Fund 1
Comparative Balance Sheet B-3 68
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-4 69
Parks and Recreation Fund
Comparative Balance Sheet B-5 70
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-6 71
Mowing Fund
Comparative Balance Sheet B-7 72
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-8 73
Fine Arts Commission Fund
Comparative Balance Sheet B-9 74
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Statement of Revenues, Expenditures and Changes B-10 75
in Fund Balance - Budget and Actual
Debt Service Fund 77
Comparative Balance Sheet C-1 78
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balance C-2 79
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IICONTENTS - 3
11 Exhibit Page
FINANCIAL SECTION (Continued)
11 Individual Fund and Account Group
Statements and Schedules (Continued)
ICapital Projects Fund 81
Comparative Balance Sheet D-1 82
IIComparative Statement of Revenues, Expenditures
and Changes in Fund Balance D-2 83
1 Enterprise Fund 85
Comparative Balance Sheet E-1 86-87
IIStatement of Revenues and Expenses -
Budget and Actual E-2 88
IIStatement of Operating Expenses -
Budget and Actual E-3 89
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Schedule of Revenue Bonds Payable E-4 91
Revenue Bonds Payable - By Maturity Date E-5 92-93
I Fiduciary Fund 95
Comparative Balance Sheet F-1 96
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Comparative Statement of Revenues, Expenditures
And Changes in Fund Balance F-2 97
I! General Fixed Assets Account Group 99
I! Schedule of General Fixed Assets - By Source G-1 100
Schedule of General Fixed Assets - By Function
and Activity G-2 101
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Schedule of Changes in General Fixed Assets -
By Function and Activity G-3 102
IIGeneral Long-Term Debt Account Group 103
IIStatement of Changes in General Long-Term Debt H-1 104-105
Schedule of General Long-Term Debt H-2 106-109
General Long-Term Debt - By Maturity Date H-3 110-118
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CONTENTS - 4 11
Exhibit Page
FINANCIAL SECTION (Continued)
Individual Fund and Account GroupI
Statements and Schedules (Continued)
Schedules 119
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Combined Schedule of Investments - All Funds I-1 120-121
Schedule of Delinquent Taxes Receivable I-2 122 II
STATISTICAL SECTION 123
General Revenue - By Source I 124-125 II
General Government Expenditures - By Function II 126-127
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Tax Revenues - By Source III 129
Property Tax Levies and Collections IV 130-131 I
Assessed and Estimated Actual Value of
Taxable Property V 132-133II
Property Tax Rates and Tax Levies -
All Overlapping Governments VI 134-137
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Ratio of Net General Bonded Debt to Assessed Value
and Net Bonded Debt Per Capita VII 138-139
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Computation of Net Direct and Estimated
Overlapping Debt VIII 140
Computation of Legal Debt Margin IX 141 11
Ratio of Annual Debt Service Expenditures for
General Bonded Debt to Total General Expenditures X 143II
Schedule of Revenue Bond Coverage XI 144-145
Tax Rate Distribution for Debt Service XII 146 II
Principal Taxpayers XIII 147
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Schedule of Insurance in Force XIV 148-151
Property Value, Construction and Bank Deposits XV 152II
Miscellaneous Statistical Data XVI 153-155
Principal Officials XVII 156-157 !I
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INTRODUCTORY SECTION
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109 WILLOWICK Q13)482.3323
I . - 0- •' FRIENDSWOOD, TEXAS 77546 - 3898
1®l I�
ATIAEL-
March 23, 1986
IHonorable Mayor and Members of
the City Council of the City
of Friendswood
IFriendswood, Texas
I The Comprehensive Annual Financial Report of the City of
Friendswood, Texas , for the fiscal year ended September 30 , 1985,
is submitted herewith. This report was prepared by the City' s
Finance Department. Responsibility for both the accuracy of the
I presented data and the completeness and fairness of the
presentation, including all disclosures, rests with the City. We
believe the data as presented is accurate in all material
I aspects; that it is presented in a manner designed to fairly set
forth the financial position and results of operations of the
City as measured by the financial activity and results of
I 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.
IIThe Reporting Entity and Its Services
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The City of Friendswood, Texas adopted a "Home Rule Charter" on
October 16, 1971. The charter provides for "City Council-City
Manager" form of city government. The City is located 20 miles
southeast of downtown Houston in Harris and Galveston Counties.
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The City provides its citizens with many services including City
administration, traffic planning, inspection services, municipal
1 court services and a library. However, the services that affect
most citizens on a day-to-day basis are described as follows :
1 Water and Sewer - The City provides water and sewer services for
all residents and commercial locations. The department maintains
the system with a work force of twelve employees .
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Fire - Although the City does not employ its own fire department,
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it has purchased fire trucks and other additional equipment for
the volunteer fire department. The City employs a fire marshal
and one fulltime fire fighter .
Streets - The street department is responsible for the repair and
maintenance of all City streets . The department consists of ten
employees .
Sanitation - The garbage pick-up is contracted with Best Waste11
Systems, Inc.
Parks - The City maintains five city parks and is responsible for
the maintenance of one additional park. The total of all these
park areas is approximately seventy acres.
Animal Shelter - The City employs an animal control officer and
maintains an animal shelter. The animal control officer is
responsible for picking up all stray animals.
All funds and account groups of the City are included in this
report. There are no separately administered organizations which
should be included as component units, and accordingly, none are 111
included in accordance with NCGA Statement 3 .
Internal Accounting and Budgetary Control
The financial statements were prepared in accordance with
generally accepted accounting principles prescribed by the
National Council on Governmental Accounting in its 1979 Statement
1 - Governmental Accounting and Financial Reporting Principles
and subsequent Statements and Interpretations (as adopted by the
Governmental Accounting Standards Board) , and by the AICPA in its
Industry Audit Guide entitled "Audits of State and Local
Governmental Units" , as amended.
Governmental Funds (General Fund , Special Revenue Funds , Debt111
Service Fund, and Capital. Projects Funds) follow the modified
accrual basis of accounting. Under this method, revenues are
recognized when they are both measurable and available and
expenditures are recognized when incurred.
The Proprietary Fund Types (Enterprise Fund and Non-Expendable
Trust Fund) follow the full accrual basis of accounting. Under
this method, revenues are recognized at the time they are earned
and expenses are recognized when they are incurred.
Transfers are recognized in the accounting period in which the
interfund receivable and payable arise.
In developing and evaluating the City ' s accounting system,
consideraton is given to the adequacy of internal accounting
controls. Internal accounting controls are designed to provide
reasonable, but not absolute , assurance regarding ( 1) the
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safeguarding of assets against loss from unauthorized use or
II disposition and (2) the reliability of financial records for
preparing financial statements and maintaining accountability for
assets. The concept of reasonable assurance recognizes that (1)
the cost of controls should not exceed the benefits expected to
I be derived and (2) the evaluation of costs and benefits requires
estimates and judgements by management.
I We believe that the City' s accounting controls provide reasonable
assurance that errors or irregularities that could be material to
the financial statements are prevented or would be detected
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within a timely period by employees in the normal course of
performing their assigned functions .
Budgeting is an essential element of the financial planning,
I 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
I financial planning of the budget year. Interim budget reports
are prepared during the budget period to facilitate legislative
oversight of governmental fund financial operations as well as
management control .I
General Government Functions
I Revenues for general government functions (General, Special
Revenue and Debt Service Funds) totaled $5 , 532 , 702 , in 1984-85,
an increase of 22 . 86% over 1983-84 . General property taxes
I produced 59 . 99% of the general revenues compared to 60 . 58% of the
preceding year. Sales taxes produced 7. 67% of the general
revenues compared to 7. 81% of the preceding year. The amount of
revenue from various sources and the increase or (decrease) over
Ithe preceding year are shown in the following tabulation:
Increase
I 1984-85 Percent (Decrease)
Revenue Sources Amount of Total Over 1983-84
II General property taxes $3 , 319 , 149 59 . 99% $ 591 , 207
Business gross
receipts taxes 273 , 184 4 . 94 68 , 909
General sales taxes 424 , 498 7. 67 73,067
I Other taxes 1 , 379
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Sanitation 532 , 701 9. 63 100 , 760
Intergovernmental 535 , 955 9 . 69 200 , 878
1 Fines and forfeits 138 , 302 2. 50 9 , 608
Licenses and permits 138 , 074 2 . 50 (29 , 410)
Interest income 127 , 909 2 . 31 15, 393
Other revenue 41 , 551 . 75 (922)
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TOTAL $5 , 532 , 702 100 . 00% $1 , 029 , 499
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Assessed valuations of $598 , 869 , 520 represented an increase of
35. 20% over the preceding year. Assessed valuations are at 100% '
of market value as determined by the Galveston County Appraisal
District. The assessed tax levy at October 1 , 1984, relating to
the fiscal year 1984-85 was $3, 348 , 234 an increase of 34. 37% over
the tax levy at October 1 , 1983 . Current tax collections were I
96. 30% of tax levy, down 0 . 02% from last year.
Delinquent tax collections were $55 , 528 and represented 1 . 69% of
total collections. The ratio of total collections (current and
delinquent) to the current tax levy was 97. 96% from last year.
Allocations of property tax levy by purpose for 1984-85 and the I
preceding two fiscal years are as follows (amount per $100 of
assessed value) .
Purpose 1984-85 1983-84 1982-83 I
General Fund $ . 507 $ . 502 $ . 4835
General Obligation Debt . 213 . 218 . 2515
TOTAL TAX RATE $ . 720 $ . 720 $. 7350
Expenditures for general government purposes totaled $4 , 817, 448, 1
a decrease of 2. 56% over 1983-84 . Increases or (decreases) in
the levels of expenditures for major functions of the City for
the preceding year are shown in the following tabulation:
Increase
1984-85 Percent (Decrease)
Function Amount of Total Over 1983-84
General Government $ 954 , 086 19. 80% $ 141, 797
Public Safety 1, 388 , 760 28. 83 76, 837
Public Works 523 , 653 10. 87 (434, 535)
Sanitation 512 , 504 10. 64 76 , 205
Culture and Recreation 373 , 412 7 . 75 ( 16 , 949)
Health and Welfare 67 , 919 1 . 41 19 , 905
Debt Service 997 , 114 20 . 70 13 , 505
TOTAL $4 , 817 , 448 100 . 00% $ (123 , 235) I
Unreserved fund balances in the major operating funds were I
maintained at adequate levels. The General Fund balance of
$274, 224 was down $154, 804 from the preceding year; the Debt
Service Fund balance of $200, 813 was up $3, 064 from the preceding
year; the Capital Projects Fund balance of $12 , 159 was down
$32, 316 from the prior year; and Special Revenue Fund balance of
$43 , 393 was up $16 , 004 from the prior year.
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Debt Administration
IThe 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.
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These data for the City of Friendswood at the end of the 1984-85
fiscal year were as follows :
Ratio of Debt to
I Assessed Value Debt
(100% of Per
Description Amount Present Market) Capita
INet direct bonded debt* $ 7 , 845 , 187 1 . 31% $424
Overlapping debt 10 , 074 , 519 1 . 68 545
I Total direct and
overlapping debt $17, 919, 706 2 . 99% $969
* Tax supported debt only.
Total outstanding tax supported debt (general obligation bonds
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and certificates of obligation) at September 30 , 1985 totaled
$8 , 046 , 000 . Debt service funds in the amount of $200 , 813 were
available at September 30 , 1985 .
IWater and Sewer
I The City' s water and sewer utility decreased its profitability by
13 . 74% from 1983-84 to 1984-85 . Comparative data for the past
two fiscal years are presented as follows:
I1984-85 1983-84
Operating revenues $2, 104, 796 $2, 141, 284
I Operating expenses
(including depreciation) 1 , 641 , 891 1 ,491 , 288
Operating income 462 , 905 649, 996
Other income/ (expense) 9 , 283 (24 , 410)
Net income before
1 operating transers 472, 188 625 , 586
Operating transfers ( 122 , 000) (219 , 600)
INET INCOME $ 350 , 188 $ 405, 986
1 Median number of water and sewer customers 5 , 200 4, 842
Average water and sewer charge per month $32 $35
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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 6 . 98% to 10 . 80%
during the year ended September 30, 1985 . 1
Interest earned for the year was $230 , 994 , up $45 , 966 from the
preceding year. '
Past Year' s Operations and Future Projections
The City completed several water, sewer, and drainage expansion '
and improvement contracts, including the Clear Creek Drainage
Improvement Study and the Wedgewood Water Tie on F.M. 2351 at
Clear Creek. The Flood Control Planning Study for Chigger and
Cowarts Creeks was substantially completed during the fiscal
year. The City of Friendswood and Galveston County have jointly
committed $100, 000 each year for the next two years to assist the
Clear Creek Drainage District in implementing this study' s plan
of action.
This past year was the first year of a planned seven-year street
improvement program which envisions the improvement of all city
streets without utilizing any debt financing.
Revenue Sharing funds were used to purchase data processing 1
hardware and software. During the past year, the following
applications were implemented: general ledger, accounts payable,
payroll, utility billing, consolidated cash management , and word
processing. Application sub-systems which are to be implemented
in the immediate future are: budgetary accounting, fixed asset
accounting, project accounting, agenda/indexing, service order
processing, police data base management reporting and court
scheduling/reporting.
In conjunction with three other governmental entities , the City
of Friendswood has funded the Blackhawk Wastewater Treatment
Plant expansion which will provide an increase in sewage
treatment capacity for its present and future needs . This
expansion will allow a population increase to 46 , 000 people for
the City of Friendswood. At the present population level of
approximately 18 , 500 , this expanded capacity will equate to more
than 100 gallons of sewage capacity per person per day.
Independent Audit
The City Charter requires an annual audit of the financial
statements of all of the various funds of the City by a certified
public accountant selected by the City Council . The requirement
has been complied with and the auditors ' opinion has been
included in this report .
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ICertificate of Conformance
The Government Finance Officers Association of the United States
and Canada (GFOA) awards a Certificate of Conformance in I
Financial Reporting to governmental units for their comprehensive
annual financial report.
I In order to be awarded a Certificate of Conformance, a
governmental unit must publish an easily readable and efficiently
organized comprehensive annual financial report, whose contents
I conform to program standards. Such reports must satisfy both
generally accepted accounting principles and applicable legal
requirements.
I 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
IGFOA to determine its eligibility for a certificate.
Acknowledgements
IThe preparation of this report was accomplished with the
efficient and dedicated services of the entire staff of the
Finance Department. I express my appreciation to all members of
I the department who assisted and contributed to its preparation.
I also thank your office, the members of the City Council , and
the City Manager for all of your interest and support in planning
I and conducting the financial operations of the City in a
responsible and progressive manner
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Respectfully submitted,
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)40045~...ej CN
I Samuel J. atson, CPA
Director of Administrative Services
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ORGANIZATION CHART
CITY OF FRIENDSWOOD, TEXAS
Appointed Boards Volunteer Fire Department
and President
Ad Hoc Committees , r `— Fire Chief Ambulance Chief
L— Mayor & Council J I
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Fireman
=:111
Crty w"'_�y
Municipal 4- - - - -
Cori I City Manager
F-.
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Director of Director of Director of Chief Communications
Library Public Fire Marshal Fireman Adminstrotive Court Clerk of Supervisor
Services Works Services Police
Parks Vater/Sewer Accounting Criminal
Streets A , Services Patrol Investigation
Rec..
Water Building Personnel ' Data Humane
& Inspections Processing
Sewer
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PRINCIPAL OFFICIALS
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CITY OF FRIENDSWOOD, TEXAS
' September 30 , 1985
' MAYOR
Ralph L. Lowe
Councilman Councilman
Position No. 1 Position No. 4
tLeon Brown Phyllis J. Lee
Mayor Pro Tem
Councilman Councilman
Position No. 2 Position No. 5
Robert Wicklander Jan Jordan
' Councilman Councilman
Position No. 3 Position No. 6
' Evelyn B. Newman Joe D. Prihoda
City Manager
James C. Morgan
City Secretary Tax Assessor
' Deloris McKenzie Alta Carbone
Director of Administrative Services
Samuel J. Watson
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IFINANCIAL SECTION
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tPADGITT AND LOCHRIDGE
CERTIFIED PUBLIC ACCOUNTANTS
711 W. BAY AREA BLVD. • SUITE 200
WEBSTER, TEXAS 77598
J. KENNETH PADGITT, CPA TELEPHONE
JOHN C. LOCHRIDGE, CPA (713)480-8882
Honorable Mayor and Members of City Council
City of Friendswood, Texas
We have examined the general purpose financial statements of the City of
Friendswood, Texas, and the combining, individual fund, and account group
financial statements of the City as of and for the year ended September 30,
' 1985, 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 circumstances.
In our opinion, the general purpose financial statements referred to above
present fairly the financial position of the City of Friendswood, Texas, at
' September 30, 1985, 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
combining, individual fund, and account group financial statements referred to
above present fairly the financial position of each of the individual funds
and account groups of the City of Friendswood, Texas, at September 30, 1985,
' 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 consistent with
' that of the preceding year.
Our examination was made for the purpose of forming an opinion on the general
purpose financial statements taken as a whole and on the combining, individual
' fund, and individual account group financial statements. The accompanying
financial information listed in the table of contents is presented for
purposes of additional analysis and is not a required part of the financial
' statements of the City of Friendswood, Texas. Such information has been
subjected to the auditing procedures applied in the examination of the general
purpose, combining, individual fund, and individual account group financial
' statements and, in our opinion, is fairly stated in all material respects in
relation to the financial statements of each of the respective individual
funds and account groups, taken as a whole.
Webster, Texas
' March 19, 1986
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COMBINED BALANCE SHEET- ALL FUND TYPES AND ACCOUNT GROUPS - 1 of 2 11
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
ASSETS GENERAL REVENUE SERVICE PROJECTS
CASH - including certificates
of deposit: 1985 - $470,486;
1984 - $571 ,523 $619,882 $ 20,295 $199,491 $52,621
RECEIVABLES - net where applicable,
of allowances for uncollectibles
Property taxes 166,291 71 ,408
Accounts 46,128
Grantor agencies 1 ,982 16,964
Interest
DUE FROM OTHER FUNDS - Note 3 107
PREPAID EXPENSES AND
OTHER ASSETS 10,979
RESTRICTED ASSETS
Cash - including certificates of
deposit: 1985 - $1 ,633,726; 11
1984 - $944,828 10,076
Land
GENERAL FIXED ASSETS - at cost
PROPERTY, PLANT AND EQUIPMENT -
at cost less accumulated
depreciation - Note 6
AMOUNT AVAILABLE IN DEBT11
SERVICE FUNDS
AMOUNT TO BE PROVIDED FOR
RETIREMENT OF GENERAL
LONG-TERM DEBT
TOTAL ASSETS $845,369 $47,335 $270,899 $52,621 '
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PROPRIETARY FIDUCIARY TOTALS
FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY)
NON- GENERAL GENERAL
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EXPENDABLE FIXED LONG-TERM
ENTERPRISE TRUST ASSETS DEBT 1985 1984
II 4 648
$ 3 $ 926,937 $ 966,006
II
237,699 169,380
' 377,160 423,288 226,943
18,946 39,704
9,157 9,157 3,885
1 601 708 96,685
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10,979 10,206
II6 0 0 1 , 1 ,7 5 $18,123 1 ,638,904 1 ,011 ,745
57,200 57,200 57,200 I
$9,731 ,382 9,731 ,382 8,737,049
II
16,078,696 16,078,696 15,648,315
II $ 200,813 200,8131 4 3 97,7 9
II
7,845,187 7,845,187 8,225,414
I $18,110,967 $75,323 $9,731 ,382 $8,046,000 $37,179,896 $35,390,281
IISee accompanying notes to financial statements.
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COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS - 2 of 2 11
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GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
LIABILITIES AND FUND EQUITY GENERAL REVENUE SERVICE PROJECTS
LIABILITIES
ACCOUNTS PAYABLE AND ACCRUED
EXPENSES $407,644 $ 3,942 $ 40,462
PAYABLE FROM RESTRICTED ASSETS
Accrued interest
Revenue bonds - current portion
Deposits
DUE TO OTHER FUNDS - Note 3 601 $ 107
DEFERRED REVENUE 162,900 69,979
LEASE OBLIGATION
REVENUE BONDS
GENERAL OBLIGATION BONDS AND
CERTIFICATES OF OBLIGATION
TOTAL LIABILITIES 571 ,145 3,942 70,086 40,462
FUND EQUITY
CONTRIBUTED CAPITAL
INVESTMENT IN GENERAL FIXED
ASSETS
RETAINED EARNINGS
Reserved for revenue bond
retirement
Reserved for construction
Unreserved
FUND BALANCES
Reserved for prepaid expenses 10,979
Reserved for endowments
Reserved for parks 10,034
Reserved for programs 42
Unreserved
Designated for construction 12,159
Designated for debt service 200,813
Undesignated 263,245 33,317
TOTAL FUND EQUITY 274,224 43,393 200,813 12,159
TOTAL LIABILITIES
AND FUND EQUITY $845,369 $47,335 $270,899 $52,621 11
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PROPRIETARY FIDUCIARY TOTALS
FUND TYPE FUND TYPE ACCOUNT GROUPS (MEMORANDUM ONLY)
NON- GENERAL GENERAL
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EXPENDABLE FIXED LONG-TERM
ENTERPRISE TRUST ASSETS DEBT 1985 1984
II $ 100,008 $ 552,056 $ 417,758
II 7,875 7,875 7,875
120,000 120,000 70,000
72,740 72,740 75,578
II 708
96,685
1 ,200,000 1 ,432,879 169,380
- 14,163
II
1 ,370,000 1 ,370,000 1 ,540,000
$8,046,000 8,046,000 8,409,000
2,870,623 8,046,000 11 ,602,258 10,800,439
II
12,551 ,492 12,551 ,492 12,741 ,492
1 $9,731 ,382 9,731 ,382 8,737,049
II
266,132 266, 132 322,768
377,409 377,409 975,992
2,045,311 2,045,311 1 ,039,904
II10,979 10,206
$67,200 67,200 67,200
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10,034 42 10,427
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12,159 61 ,437
' 200,813 197,749
8,123 304,685 425,618
15,240,344 75,323 9,731 ,382 25,577,638 24,589,842
1 $18,110,967 $75,323 $9,731 ,382 $8,046,000 $37,179,896 $35,390,281
IISee accompanying notes to financial statements.
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COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - 3
ALL GOVERNMENTAL FUND TYPES
CITY OF FRIENDSWOOD, TEXAS 11
Year ended September 30, 1985
II
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS II
REVENUES
Taxes $3,045,060 $ 973,150
Charges for services 532,701
Fines and forfeitures 138,302 II
Licenses and permits 138,074
Intergovernmental revenue 467,514 $ 68,441 $101,202
Interest income 99,345 1 ,536 27,028 500
Insurance settlements 11 ,611
Other revenues 21 ,891 8,049
TOTAL REVENUES 4,454,498 78,026 1,000,178 101,702 1
EXPENDITURES
General government 954,086
Public safety 1 ,388,760 II
Public works 521 ,448 2,205 925,366
Sanitation 512,504
Culture and recreation 368,237 5,175II
Health and welfare 67,919
Debt service
Principal retirement 377,608
Interest and fiscal charges 619,506 II
TOTAL EXPENDITURES 3,812,954 7,380 997,114 925,366
REVENUES OVER 1
(UNDER) EXPENDITURES 641,544 70,646 3,064 (823,664)
OTHER FINANCING SOURCES (USES) II
Operating transfers in 5,000 791,348
Operating transfers out (796,348) (59,642)
TOTAL OTHER FINANCING
SOURCES (USES) (796,348) (54,642) - 791,34811
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES31
AND OTHER (USES) (154,804) 16,004 3,064 (32,316)
Fund balances at beginning of year 429,028 27,389 197,749 44,475
II
FUND BALANCES AT
END OF YEAR $ 274,224 $ 43,393 $ 200,813 $ 12,159
ll
11
-26-
1
' TOTALS
(MEMORANDUM ONLY)
' 1985 1984
$4,018,210 $3,285,018
' 532,701 448,355
138,302 128,694
138,074 167,484
637,157 335,077
' 128,409 120,582
11 ,611 16,513
29,940 9,546
5,634,404 4,511 ,269
954,086 812,289
' 1 ,388,760 1 ,311 ,923
1 ,449,019 1 ,206,206
512,504 436,299
' 373,412 390,361
67,919 48,014
' 377,608 356,000
619,506 627,609
5,742,814 5,188,701
(108,410) (677,432)
' 796,348 532,554
(855,990) (142,953)
' (59,642) 389,601
' (168,052) (287,831)
698,641 986,472
$ 530,589 $ 698,641
See accompanying notes to financial statements.
t -27-
!I
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN !I
FUND BALANCES - BUDGETED AND ACTUAL - GENERAL, SPECIAL
REVENUE AND DEBT SERVICE FUND TYPES
11
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 198511
GENERAL FUND
VARIANCE - IIFAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUESI
Taxes $2,977,000 $3,045,060 $ 68,060
Charges for services 510,000 532,701 22,701
Fines and forfeitures 130,000 138,302 8,302
Licenses and permits 144,700 138,074 (6,626) II
Intergovernmental revenue 104,600 155,014 50,414
Interest income 70,000 99,345 29,345
Insurance settlements - 11 ,611 11 ,611 II
Other income 14,200 21 ,891 7,691
TOTAL REVENUES 3,950,500 4,141 ,998 191 ,498 1
EXPENDITURES
General government 984,703 954,086 30,617 II
Public safety 1 ,324,912 1 ,388,760 (63,848)
Public works 469,477 521 ,448 (51 ,971)
Sanitation 504,000 512,504 (8,504)
Culture and recreation 372,124 368,237 3,887II
Health and welfare 61 ,250 67,919 (6,669)
Debt service
TOTAL EXPENDITURES 3,716,466 3,812,954 (96,488)
11
REVENUES OVER
(UNDER) EXPENDITURES 234,034 329,044 95,010 II
OTHER FINANCING SOURCES (USES)
Operating transfers in 312,000 312,500 50011
Operating transfers out (101 ,196) (796,348) (695,152)
TOTAL OTHER FINANCING
SOURCES (USES) 210,804 (483,848) (694,652) 1
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER USES $ 444,838 (154,804) $(599,642)
Fund balances at beginning of year 429,02811
FUND BALANCES AT
END OF YEAR $ 274,224
11
-28-
1
1
1
1
SPECIAL REVENUE FUND DEBT SERVICE FUND
1 VARIANCE - VARIANCE -
FAVORABLE FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE)
II
1 010 500973,150 0$ $ $(37,35 )
II
$ 68,493 $ 68,441 $ (52)
II
1 ,536 1 ,536 16,000 27,028 11 ,028
14,500 8,049 (6,451)
I82,993 78,026 (4,967) 1 ,026,500 1 ,000,178 (26,322)
II
4,000 2,205 1 ,795
II15,000 5,175 9,825
1 ,025,922 997,114 28,808
II19,000 7,380 11 ,620 1 ,025,922 997,114 28,808
1 63,993 70,646 6,653 578 3,064 2,486
1 4,500 5,000 500
(68,493) (59,642) 8,851
I
(63,993) (54,642) 9,351 - - -
II $ - 16,004 $16,004 $ 578 3,064 $ 2,486
II27,389 197,749
I
$ 43,393 $ 200,813
See accompanying notes to financial statements.
1 -29-
I
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS/FUND BALANCE -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND 1 of 2
II
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1985 11
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE '
ENTERPRISE TRUST
Operating revenues
Water and sewer sales and services $2,002,974 11
WCID #108 sewer fee 95,932
Fees and penalties 5,001 IIOther 889
2,104,796
Operating expenses II
Water department
Personal services 160,084
Supplies 28,847
Other services and charges 139,511 11
Maintenance 39,655
368,097
Sewer department II
Personal services 115,142
Supplies 11 ,455
Other services and charges 142,977 II
Maintenance 136,826
Waste disposal fees 419,212
825,612II
OPERATING INCOME
BEFORE DEPRECIATION 911 ,087
Depreciation 448,182
OPERATING INCOME 462,905
Non-operating revenues (expenses)
Interest revenue 101 ,258 $1 ,327
II
Intergovernmental revenue 500 -
Interest expense (92,475) -
Bond cost amortization - - II9,283 1,327
INCOME BEFORE
OPERATING TRANSFERS 472,188 1 ,327
Operating transfers out for retirement
II
of general obligation bonds - Note 12 (190,000) -
Operating transfers in (out) 68,000 -
(122,000) -
!I
NET INCOME 350,188 1 ,327
1
-30-
II
II
II
IITOTALS
(MEMORANDUM ONLY)
II1985 1984
II $2,002,974 $2,012,796
95,932 123,589
5,001 3,459
II 889 1 ,440
2,104,796 2,141 ,284
1
160,084 146,181
28,847 35,421
II139,511 86,774
39,655 56,029
368,097 324,405
II
115,142 86,564
II
11 ,455 14,301
142,977 132,200
136,826 95,006
419,212 420,265
II825,612 748,336
911 ,087 1 ,068,543
II
448,182 418,547
462,905 649,996
II
102,585 500 64,446
13,937
(92,475) (96,515)
- (5,000)
I10,610 (23,132)
473,515 626,864
I (190,000) (208,000)
68,000 (11 ,600)
(122,000) (219,600)
I351 ,515 407,264
IISee accompanying notes to financial statements.
II -31-
I
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS/FUND BALANCE -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND 2 of 2
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUST
Retained earnings/fund balance at
beginning of year 2,338,664 73,996
RETAINED EARNINGS/FUND BALANCE
AT END OF YEAR $2,688,852 $75,323
I
1
1
1
11
11
-32-
I
I
I
ITOTALS
(MEMORANDUM ONLY)
I1985 1984
I2,412,660 2,005,396
I
$2,764,175 $2,412,660
I
I
I
I
I
I
I
I
I
See accompanying notes to financial statements.
I
I
-33-
I
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION -
PROPRIETARY FUND TYPE AND SIMILAR TRUST FUND
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984
II
PROPRIETARY FIDUCIARY
FUND TYPE FUND TYPE
NON-EXPENDABLEII
ENTERPRISE TRUST
SOURCE OF WORKING CAPITAL
II
Operations
Net income $ 350,188 $ 1 ,327
Expenses not requiring current outlay of
financial resourcesII
Depreciation 448,182 -
Amortization - -
Working capital provided from operations 798,370 1 ,327II
Contributed capital - Clearwoods
Improvement District - -
798,370 1 ,327
USES OF WORKING CAPITAL
Acquisition of property, plant and equipment 878,562 -
Retirement of long-term debt 310,000 -
1 ,188,562 - 1
INCREASE (DECREASE) IN WORKING CAPITAL $ (390,192) $ 1 ,327
11
ELEMENTS OF NET INCREASE (DECREASE) IN WORKING
CAPITAL
Cash - restricted and unrestricted $ 489,792 $ 1 ,32711
Accounts receivable 188,620 -
Accrued interest 5,272 -
Prepaid expenses - -
Due from other funds 115 -
Accounts payable 33,377 -
Customer meter deposits 2,838 -
Deferred tap revenues (1 ,200,000) II
-
Due to other funds 85,693 -
Accrued expenses 4,101 - IIINCREASE (DECREASE) IN WORKING CAPITAL $ (390,192) $ 1 ,327
1
11
11
-34II-
1
TOTALS
(MEMORANDUM ONLY)
' 1985 1984
' $ 351 ,515 $ 407,264
448,182 418,547
5,000
' 799,697 830,811
3,189,080
' 799,697 4,019,891
878,562 3,539,645
310,000 245,000
' 1 ,188,562 3,784,645
$ (388,865) $ 235,246
' $ 491 ,119 $ 330,233
188,620 496
5,272 (5,000)
' -115 3,885
61
33,377 (46,277)
' 2,838 (19,841)
(1 ,200,000)
85,693 (5,781)
4,101 (22,530)
1 $ (388,865) $ 235,246
IISee accompanying notes to financial statements.
1
' -35-
NOTES TO FINANCIAL STATEMENTS
CITY OF FRIENDSWOOD, TEXAS
11
September 30, 1985
1. ORGANIZATION 1
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.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS
The City of Friendswood's accounts are organized on the basis of funds and
account groups, each of which is considered a separate accounting entity.
The operations of each fund are accounted for by providing a separate set of
self-balancing accounts that comprise its assets, liabilities, fund equity,
revenues and expenditures or expenses. Government resources are allocated
to and accounted for in individual funds based upon the purposes from which
they are to be spent and the means by which spending activities are con-
trolled.
The City uses six funds and two account groups described below:
GOVERNMENTAL FUND TYPES
General Fund 1
The General Fund is used to account for all financial transactions which are
not accounted for in another fund. The primary sources of revenue of the
General Fund are property taxes, sales and use taxes, charges for sanitation
services, franchises, permits, and fines and forfeitures. Primary expend-
itures are for general government, public safety, public works, sanitation,
culture and recreation, and health and welfare.
Debt Service Fund
The Debt Service Fund is used to account for the payment of principal and
interest on all general long-term debt of the city. The primary source of
revenue for debt service is general property taxes. 11
Special Revenue Funds
The Special Revenue Funds are used to account for Revenue Sharing entitle-
ments received from the Federal Government under the State and Local Fiscal
Assistance Act of 1972. Capital improvements are charged to expenditures
in the accounts of this fund and capitalized in either the Water and Sewer
Fund or General Fixed Assets Group of Accounts. They are also used to
account for Parks and Recreation rental, mowing revenues and fine arts
programs.
1
-36- 1
NOTES TO FINANCIAL STATEMENTS - 2
1
A. DESCRIPTION OF FUNDS AND ACCOUNT GROUPS (Continued)
Capital Projects Fund
' The Capital Projects Fund is used to account for the receipt and expendi-
ture of resources used for acquisition and construction of major capital
t facilities. The principal resources of the Capital Projects Fund are grants,
certificates of obligation, long-term debt and interfund transfers.
PROPRIETARY FUND TYPE
Enterprise Fund
' The Enterprise Fund is established to account for operations of the Water
and Sewer Department and the construction of related facilities. The fund
is intended to be self-supporting through user charges.
FIDUCIARY FUND TYPES
Trust Fund
The Trust Fund is used to account for assets held by the City in a trustee
capacity for individuals and private organizations.
' The Non-Expendable Trust Fund (1776 Park Trust Endowment Fund) is used to
account for the legally restricted non-expendable 1776 Park land trust
corpus and the legally restricted non-expendable 1776 Park maintenance
endowment cash trust corpus.
ACCOUNT GROUPS
General Fixed Assets Account Group
' The General Fixed Assets Account Group is used to account for the City's
land, buildings, improvements, and equipment except those recorded in the
Enterprise Fund or held in Trust. Such assets are acquired by transfer
from other funds and are recorded at cost. No depreciation is recorded on
' these assets.
General Long-Term Debt Account Group
The General Long-Term Debt Account Group is used to account for general
obligation bonds and certificates of obligation (excluding liabilities of
the Enterprise Fund) .
1
t -37-
!I
NOTES TO FINANCIAL STATEMENTS - 3 11
I
B. MEASUREMENT FOCUS 1
Governmental (General, Special Revenue, Debt Service, and Capital Projects)
fund types are accounted for on a "spending" or "financial flow" measurement
focus. Accordingly, only current assets and current liabilities are included
on their balance sheets and the reported fund balance provides an indication
of available spendable or appropriable resources. Operating statements for
governmental fund types report increases and decreases in available spendable
resources.
Proprietary (Enterprise) fund types are accounted for on an "income deter-
mination" or "cost of services" measurement focus. Accordingly, all assets
and all liabilities are included in their balance sheets, and the reported
fund equity provides an indication of the economic net worth of the fund.
Operating statements for proprietary fund types report increases and
decreases in total economic net worth.
Fiduciary funds are accounted for as either governmental or proprietary, 1
depending upon their nature. Non-expendable trust funds are accounted for
as proprietary fund types.
C. BASIS OF ACCOUNTING
MODIFIED ACCRUAL BASIS OF ACCOUNTING
All governmental funds and Expendable Trust Funds are accounted for using
the modified accrual basis of accounting. Their revenues are recognized in
the accounting period in which they become measurable and available as net
current assets. Property taxes levied for the current fiscal year are
"available" and are recognized as revenue at that time, even though col-
lectible in the period subsequent to levy, if (1) their ultimate collect-
ibility is reasonably assured, net of reasonably estimated losses and (2)
they are collected within sixty (60) days to finance current period expend-
itures. Intergovernmental revenue in the Special Revenue Funds are suscep-
tible to accrual under the modified accrual basis of accounting.
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred.
The treatment of specific revenue and expenditures items is described below:
(1) General property taxes are recorded when received. Property taxes
receivable have been recorded as deferred revenues at September 30,
1985.
11
(2) Insurance premiums are charged to expenditures when paid.
11
-38-
1
NOTES TO FINANCIAL STATEMENTS - 4
1
' C. BASIS OF ACCOUNTING (Continued)
' (3) Sick pay is accrued, and one half of any cumulative sick pay is pay-
able to the employee upon termination. Unpaid vacation is recorded as
it accrues and cannot be carried forward to the following year without
' City Manager approval. Amounts accrued in these financial statements
represent the unused portion of vacation at September 30, 1985.
Longevity begins to accumulate after one year of employment at a rate
of $4 per month and is paid each December. As of September 10, 1985,
accrued sick pay, vacation and longevity pay were as follows:
Fund Sick Pay Vacation Lon evit Total
' General Fund $ 116,584 $ 22,254 10,7 4 $ 149,602
Enterprise Fund 9,433 3,477 2,220 15,130
$ 126,017 $ 25,731 $ 12,984 $ 164,732
(4) Principal and interest on general long-term debt is recognized when
' due.
(5) Supplies inventories are charged to expenditures when purchased.
(6) Franchise fees, fines, licenses and permits, and sales tax are recog-
nized when received. Sanitation fees and Revenue Sharing entitlements
are recorded when earned.
' (7) Investment earnings are not accrued in the governmental fund types and
Non-expendable Trust and Agency Funds.
ACCRUAL BASIS OF ACCOUNTING
The accrual basis of accounting is followed in all Proprietary funds and
' Non-expendable Trust Funds. Under the Accrual basis of accounting, revenues
are recognized when earned, and expenses are recorded when incurred.
The service revenues of four utility cycles are based upon service rates
authorized by the City Council and generated via bimonthly billings to
customers. Earned, but unbilled, revenues are accrued and reported in the
financial statements as unbilled receivables.
1
1
-39-
I
NOTES TO FINANCIAL STATEMENTS - 5
I
D. BUDGETS11
Procedures in establishing budgetary data reflected in the financial state-
ments 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 hearing.
The Council shall adopt the budget by ordinance on one reading on or
before the 15th day of September. Adoption of the budget requires an
affirmative vote of at least a majority of all the members of Council.
Adoption of the budget shall constitute appropriations of the amounts
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 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 estimated in
the budget, the Council by ordinance may make supplemental appropri-
ation for the year up to the amount of such excess.
(3) At any time during the fiscal year, the City Manager may transfer part
or all of any unencumbered appropriation balance among programs within
a department, division, or office and, upon written request by the
City Manager, the Council may by ordinance transfer part or all of any
unencumbered appropriation balance from one department, office or
agency to another. The legal level of 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 Enterprise
Funds are adopted on a basis consistent with generally accepted
accounting principles (GAAP) .
11
11
-40-
1
NOTES TO FINANCIAL STATEMENTS - 6
D. BUDGETS (Continued)
(6) Every appropriation, except an appropriation for a capital expend-
, iture, shall lapse at the close of the fiscal year to the extent that
it has not been expended or encumbered. An appropriation for a capital
expenditure shall continue in force until the purpose for which it was
' made has been accomplished or abandoned; the purpose of any such
appropriation shall be deemed abandoned if three years pass without
any disbursement from or encumbrance of the appropriation.
' The City of Friendswood has complied with all budget requirements for the
year ended September 30, 1985.
E_FIXED ASSETS
Fixed assets are stated at cost or, if the cost is not determinable, at
' estimated cost. Donated fixed assets are recorded at their estimated fair
value on the date received. Costs incurred for the purchase or construction
of general fixed assets are recorded as capital outlay expenditures in the
' General and Capital Projects Funds. All such costs are capitalized in the
General Fixed Assets Account Group. Amounts expended for property, plant
and equipment in the Enterprise Fund are capitalized in the fixed asset
accounts within that fund. Public domain fixed assets such bridges, roads,
drainage systems, etc. , are capitalized along with other general fixed
assets.
' Depreciation of all exhaustible fixed assets used by the Enterprise Fund is
charged as an expense against its operations. Allowance for depreciation
is reported in the Enterprise Fund balance sheet. Depreciation has been
provided over the estimated useful lives using the straight-line method.
The estimated useful lives are as follows:
Assets Life
1 Equipment 5-10 years
Water and Sewer System 40-50 years
No depreciation is provided for the general fixed assets of the City.
F. DEBT SERVICE
The ad valorem tax rate is allocated each year between the General Fund and
the Debt Service Fund. The full amount estimated to be required for debt
' service on general obligation debt is provided by the debt service tax
together with interest earned in the Debt Service Fund. Enterprise Fund
long-term debt requirements are provided from net revenues of the Fund.
1
-41-
I
NOTES TO FINANCIAL STATEMENTS - 7
I
G. GENERAL PROPERTY TAXES 1
All taxes due the City on real or personal property are payable at the
Office of the City Assessor-Collector and may be paid at any time after the
tax rolls for the year have been completed and approved, which is no later
than October 1. Taxes are due by February 1 , and all taxes not paid prior
to this date are deemed delinquent and are subject to penalty and interest.
All property located within the City limits on the first day of January of
each year are charged with a special lien in favor of the City from such
date for taxes due thereon.
H. "MEMORANDUM ONLY" CAPTIONS
The "memorandum only" captions on the total columns of the combined state-
ments
indicate that totals are presented only for overview informational
purposes. Data in these columns do not present financial position, results
of operations, or changes in financial position in conformity with generally
accepted accounting principles.
I. ALLOWANCES
Allowance for doubtful accounts has been recorded at September 30, 1985 as
follows:
Fund Type of Account Amount
Enterprise Fund Water and Sewer billings $20,000
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
Debt Service Fund $ 107 $ 11
-
Enterprise Fund - 601
107 601
Debt Service Fund
General Fund - 107
Enterprise Fund
General Fund 601 -
TOTAL ALL FUNDS $ 708 $ 708
11
I
-42-
II
IINOTES TO FINANCIAL STATEMENTS - 8
I
II
4. PENSION PLAN
The City participates in the Texas Municipal Retirement System. All full time
I
employees are covered by the pension plan.
The date of the most recent actuarial valuation is December 31 , 1984. The
1 valuation was based on the plan of benefits in effect on January 1, 1985.
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
II
over a period of 25 years which began January, 1984. Total pension payments
for the year ended September 30, 1985 were:
1 City Contribution Rates (as a percent of payroll)
1985 1984
l
Normal cost contribution rate 2.31% 2.27%
Prior service contribution rate .41% .45%
Total retirement contribution rate 2.72% 2.72%
I
Actuarial Present Value of Accrued Benefits December 31 , December 31 ,
1984 1983
Vested
a. Annuitants $ 23,685 $ -
b. Nonretired members 548,336 461 ,046
Nonvested 131 ,353 114,881
IITotal $703,374 $575,927
I
Total Assets (book value) $565,766 $445,372
II
Unfunded Accrued Liability $137,608 $130,555
' There have been no changes in the actuarial cost method or the actuarial assump-
tions since the previous valuation. The assumptions were developed from the
experience of the System. The withdrawal and payroll increase assumptions also
reflect the experience of the City. The payroll was assumed to increase 5% per
I
year.
I
I
I
-43-
I
NOTES TO FINANCIAL STATEMENTS - 9 111
I
4. PENSION PLAN (Continued) 1
Since the System is of the money-purchase type, the interest earned by the
System and realized investment gains and losses are distributed annually to the
accounts of the members and the municipalities. Gains (losses) from other
sources decrease (increase) the unfunded accrued liability and are thus amor-
tized using a spread method. There has been no change in the treatment of
actuarial gains and losses since the previous valuation.
Because of the money-purchase nature of the System, there is no need for an
interest rate assumption in valuing the actuarial present value of accrued
benefits for nonretired members. For annuitants, the actuarial present value
of benefits is calculated using a 5% interest rate assumption. The 5% assump-
tion is also used in calculating the prior service contribution rate.
December 31 , December 31 ,
1984 1983
Excess vested benefits over (under)
book value of assets $ 6,255 $ 15,674
5. BONDED DEBT
Changes in Bonded Debt of the City during the year ended September 30, 1985 are
summarized as follows:
General
Long-term Revenue 11
Debt Bonds Total
Balance at October 1 , 1984 $8,409,000 $1 ,610,000 $10,019,000
Debt retired 363,000 120,000 483,000
BALANCE AT SEPTEMBER 30, 1985 $8,046,000 $1 ,490,000 $ 9,536,000
11
1
11
1
-44-
1
IINOTES TO FINANCIAL STATEMENTS - 10
II
I5. BONDED DEBT (Continued)
Bonded debt at September 30, 1985 is comprised of the following issues:
IIPrincipal Balance Due
Balance Within One
IIDescription Sept. 30, 1985 Year
General Obligation Bonds
I
Waterworks and Sewer System Unlimited Tax Bonds,
Series 1962 due in annual installments of $25,000
to $35,000 through March 1 , 1999, interest at 4.50
I
percent. $ 150,000 $ -
Waterworks and Sewer System Unlimited Tax Bonds,
I
Series 1963 due in annual installments of $7,000
to $10,000 through March 1 , 1992, interest at 4.25
percent. 65,000 8,000
I
Sewer Improvement Bonds, Series 1967 due in annual
installments of $15,000, interest at 4.20 percent. 45,000 15,000
II General Obligation Refunding Bonds, Series 1969 due
in annual installments of $10,000 to $20,000
through March 1 , 1993, interest at 5 percent. 124,000 15,000
I
General Obligation Bonds, Series 1973 due in annual
installments of $10,000 to $15,000 through April 1 ,
1988, interest at 5.50 percent. 45,000 15,000
IIDrainage Improvement Bonds, Series 1973 due in annual
installments of $10,000 to $15,000 through June 1 ,
I
1995, interest at 6.00 to 6.10 percent. 100,000 -
General Obligation Bonds, Series 1974 due in annual
installments of $10,000 to $90,000 through March 1 ,
I1999, interest at 7.75 to 7.90 percent. 635,000 10,000
Street Improvement Bonds, Series 1977 due in annual
1 installments of $15,000 to $260,000 through June 1 ,
2000, interest at 5.50 to 6.00 percent. 1 ,230,000 35,000
I General Obligation Bonds, Series 1979 due in annual
installments of $15,000 to $30,000 through March 1 ,
1997, interest at 5.55 to 7.00 percent. 290,000 20,000
II
I
-45-
NOTES TO FINANCIAL STATEMENTS - 11
1
5. BONDED DEBT (Continued) 1
Principal Balance Due
Balance Within One
Description Sept. 30, 1985 Year
General Obligation Bonds (continued)
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. 1,450,000 50,000 1
Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1964 due in installments of 11$20,000 to $35,000 through August 1 , 1999, interest
at 5.00 percent. 395,000 20,000
Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1970 due in installments of
$45,000 to $65,000 through April 1 , 1989, interest
at 8.50 percent. 235,000 55,000 1
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 11
at 8.50 percent. 540,000 -
Waterworks and Sewer System Combination Tax and
Revenue Refunding Bonds, Series 1972 due in
installments of $35,000 to $145,000 through
April 1, 2000, interest at 5.00 to 5.75 percent. 660,00011
-
Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1967 due in installments of
$25,000 to $75,000 through February 1 , 1988, 11
interest at 5.00 percent. 175,000 75,000
Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1967-A due in installments
of $10,000 to $100,000 through February 1 , 1994,
interest at 6.00 percent. 620,000 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 , interest11
at 6.75 percent. 525,000 15,000
11
-46-
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NOTES TO FINANCIAL STATEMENTS - 12
5. BONDED DEBT (Continued)
Principal Balance Due
' Balance Within One
Description Sept. 30, 1985 Year
' General Obligation Bonds (continued)
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. 710,000 20,000
TOTAL GENERAL OBLIGATION BONDS 7,994,000 363,000
Certificates of Obligation
Certificate of Obligation, Series 1982 due in annual
installments of $6,500 to $8,000 through
November 1 , 1988, interest at 8.50 percent. 24,000 8,000
' Certificate of Obligation, Series 1983 due in annual
installments of $8,000 to $12,000 through
March 1 , 1988, interest at 8.50 percent. 28,000 8,000
TOTAL CERTIFICATES OF OBLIGATION 52,000 16,000
TOTAL GENERAL BONDED DEBT 8,046,000 379,000
Revenue Bonds
tWaterworks 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. 485,000 20,000
Waterworks and Sanitary Sewer System Junior Lien
' Revenue Bonds, Series 1979 due in installments of
$5,000 to $100,000 through March 1 , 1996, interest
at 5.50 to 6.50 percent. 1 ,005,000 100,000
' TOTAL REVENUE BONDS 1 ,490,000 120,000
TOTAL BONDED DEBT $ 9,536,000 $ 499,000
-47-
11
NOTES TO FINANCIAL STATEMENTS - 13 11
1
5. BONDED DEBT (Continued) 1
The total bonded debt of the City (governmental and proprietary funds) by
maturity date is as follows: 1
Fiscal Year General
Ending Long-Term Debt Revenue Bonds
Sept. 30 Principal Interest Principal Interest II
1986 $ 379,000 $ 592,154 $ 120,000 $ 84,300
1987 404,000 564,594 125,000 77,33811
1988 454,000 533,694 125,000 70,025
1989 435,000 501 ,050 125,000 62,525
1990 460,000 468,141 130,000 54,800
1991 495,000 433,429 130,000 46,906 II
1992 559,000 394,513 135,000 38,916
1993 595,000 350,428 135,000 31,022
1994 635,000 301 ,800 135,000 23,378II
1995 590,000 252,464 140,000 15,581
1996 645,000 200,868 45,000 10,244
1997 685,000 146,506 45,000 7,503II
1998 455,000 104,334 50,000 4,594
1999 485,000 75,489 50,000 1 ,531
2000 520,000 49,600 - -
II
2001 100,000 16,850 - -
2002 50,000 9,625 - -
2003 50,000 5,775 - -
2004 50,000 1 ,925 - - 11
TOTAL $8,046,000 $5,003,239 $1,490,000 $ 528,663
II
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11
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IINOTES TO FINANCIAL STATEMENTS - 14
II
II6. FIXED ASSETS
A summary of the changes in general fixed assets for the year ended
I
September 30, 1985 follows:
Balance Balance at
I
Oct, 1, 1984 Additions Retirements Sept. 30, 1985
Land $ 901 ,286 $ 4,763 $ - $ 906,049
Buildings 940,737 40,936 - 981 ,673
' Improvements 5,501 ,715 558,975 - 6,060,690
Equipment 1 ,221 ,315 193,236 3,880 1 ,410,671
Construction in
I
progress 171 ,996 372,299 171 ,996 372,299
TOTAL $8,737,049 $1 ,170,209 $ 175,876 $9,731 ,382
IA summary of the changes in Enterprise Fund fixed assets for the year ended
September 30, 1985 follows:
II Balance Balance at
Oct, 1 , 1984 Additions Retirements Sept. 30, 1985
ILand $ 135,387 $ - $ - $ 135,387
Plant and equipment 4,285,778 546,804 - 4,832,582
Plant and equipment
II - -
Blackhawk 9,255,084 9,255,084
Water and sewer lines 2,614,758 93,133 - 2,707,891
Drainage 608,329 - - 608,329
II Storm sewers 637,671 - - 637,671
Construction in
progress 387,219 837,208 598,583 625,844
ITOTAL 17,924,226 1 ,477, 145 598,583 18,802,788
Less allowance for
Idepreciation 2,275,911 448, 181 - 2,724,092
NET PROPERTY,
I PLANT AND
EQUIPMENT $15,648,315 $1 ,028,964 $ 598,583 $16,078,696
II
II
II -49-
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NOTES TO FINANCIAL STATEMENTS - 15 3
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7. COMMITMENTS11
A. On October 1 , 1981 the City entered into a contract with the Friendswood
Volunteer Fire Department, Inc. The Department shall furnish all fire
suppression, rescue and emergency medical services, utilizing apparatus and
equipment owned by the City to all persons and property located within the
corporate limits of the City, or to persons and property located outside the
City when approved by Council. The City agrees to (1) provide the fire
fighting equipment and facilities for the use by the Department in fighting
fire and performing emergency medical services, (2) to provide funds for the
capital equipment, operation and maintenance of the Department in accordance
with the annual budget as approved by Council, and (3) to provide dispatch
services for and on behalf of the Department.
B. The City entered into a waste disposal agreement with Harris County Water
Control and Improvement District No. 108 on October 21 , 1971 by which the
City provides sewer treatment for the District. The District pays an amount
equal to 85 percent of its residential sewer charges for each month. The
City agrees not to charge the District additional amounts for construction
or operation of the Blackhawk Regional Waste Treatment Plant.
C. The City entered into a contract with Gulf Coast Waste Disposal Authority on
December 12, 1974 to manage the Blackhawk Regional Waste Treatment Plant.
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
$419,212 to the Authority for operation and management services for the year
ended September 30, 1985.
D. The City renewed a contract with Best Waste Systems, Inc. on November 1,
1985 for the collection of garbage, trash, and other refuse within the
corporate limits of the City twice each week. The contract expires on
October 31, 1988 with an option of renewal for an additional three years. 11
The residential collection fee is set at $6.80 per month. Small commercial
fees are $32.89 per month, and the fee varies for commercial container
pick-up as to the size of the container.
E. On February 22, 1985, the City entered into an agreement with Bay Area Land
Company, Ltd. (Partnership) whereby Bay Area Land Company would advance the
City $1 ,200,000 in tap revenue fees for the intended expansion of the
Blackhawk Regional Waste Treatment Plant. The expansion is to serve property
to be developed by Bay Area Land Company. The $1,200,000 payment is to be
refunded out of connection fees that are levied and collected by the City
from areas within the property during the term of the utility allocations.
The City has pledged 90% of all such connection fees, excluding meter costs,
collected, to the refunding of the $1 ,200,000 payment. As of September 30, 11
1985, no connection fees had been collected and no refunding had been made.
11
-50-
1
NOTES TO FINANCIAL STATEMENTS - 16
7. COMMITMENTS (Continued)
F. The City had the following construction commitments at September 30, 1985:
COMMITMENT
OUTSTANDING
' CONTRACTOR DESCRIPTION CONTRACT PERCENT ATAMOUNT COMPLETED SEPT. 30, 1985
' Coenco, Inc. Flood Control Planning
Study for Chigger and
Cowarts Creeks $ 196,000 95% $ 9,800
' Service Pre-Owned Water Storage
Enterprises Improvements -
Ground Storage 368,000 95 18,400
' Elevated Storage 65,000 5 61 ,750
433,000 80,150
Gulf Coast
Waste
' Disposal
Authority Blackhawk expansion 529,816 60 211 ,926
TOTAL $1 ,158,816 $ 301 ,876
8. SALES TAXES
In October, 1983 the State Controller reported that $65,484 of sales
taxes had been remitted to the City of Friendswood in error over the previous
I
four years. The refund of these taxes were made over a period of 18 months
through a reduction in the City's warrants of $3,638 per month, ending June,
1985.
9. CONTINGENCIES
At September 30, 1985, the City of Friendswood, Texas was defendant in two
' lawsuits in which plaintiff property owners are contesting assessed 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. A fourth
lawsuit contends that the City confiscated property for roadway purposes.
1
' -51-
11
NOTES TO FINANCIAL STATEMENTS - 17
I
9. CONTINGENCIES (Continued) '
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, 1985.
10. CONTRIBUTED CAPITAL I
In accordance with generally accepted accounting principles as described in
AICPA Industry Audit Guide, "Audits of State and Local Governmental Units,"
11
proceeds of General Obligation Bonds used for financing Enterprise improvements
have been recorded as Contributed Capital, and principal payments on such bonds
by the Enterprise Fund have been treated as reductions of contributed capital
as follows:
Year Ended Sept. 30,
1985 1984
Contributed capital at beginning of year $ 12,741,492 $ 9,722,412
Add proceeds of general obligation bonds 3,189,080 1
of Clearwoods Improvement District
Deduct transfers out from Enterprise Fund
for principal payments on GO bonds (190,000) (170,000)
CONTRIBUTED CAPITAL AT END OF YEAR $ 12,551,492 $12,741,492
$190,000 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.
11
1
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INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
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GENERAL FUND
The General Fund accounts for the resources
' used to finance the fundamental operations of
the City. It is the basic fund of the City and
covers all activities for which a separate fund
' has not been established.
e
I
' -55-
11
GENERAL FUND EXHIBIT A-1 11
COMPARATIVE BALANCE SHEET
I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 11
1985 1984 IIASSETS
Cash - including certificates of deposit $ 619,882 $ 545,715
Receivables - net where applicable of I
allowances for doubtful accounts
Property taxes 166,291 117,660 IIAccounts 46,128 38,403
Grantor agencies 1 ,982 19,264
Due from other funds 107 96,199 I
Prepaid expenses 10,979 10,206
TOTAL ASSETS $ 845,369 $ 827,447 II
LIABILITIES AND FUND BALANCE I
LIABILITIES
Accounts payable $ 134,664 $ 61,570 1
Accrued expenses 272,980 218,703
Deferred revenue 162,900 117,660
Due to other funds 601 486II
TOTAL LIABILITIES 571 ,145 398,419
FUND BALANCE '
Reserved for prepaid expenses 10,979 10,206
Unreserved II
Undesignated 263,245 418,822
TOTAL FUND BALANCE 274,224 429,028 1
TOTAL LIABILITIES AND
FUND BALANCE $ 845,369 $ 827,447
11
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1
IIGENERAL FUND EXHIBIT A-2
ISTATEMENT OF REVENUES - BUDGET AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
II
Years ended September 30, 1985 and 1984
1985
I
VARIANCE -
FAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
I Taxes
General property $2,431 ,000 $2,368,625 $ (62,375) $1 ,742,901
Less homestead exemption 40,000 22,626 17,374 12,448
IINet general property 2,391 ,000 2,345,999 (45,001) 1 ,730,453
Sales 350,000 424,498 74,498 351 ,431
I
Franchise 233,000 273,184 40,184 204,275
Other 3,000 1 ,379 (1 ,621) 1,370
2,977,000 3,045,060 68,060 2,287,529
ISanitation 510,000 532,701 22,701 431 ,941
Fines and forfeitures 130,000 138,302 8,302 128,694
IILicenses and permits 144,700 138,074 (6,626) 167,484
I
Inter-governmental
revenues (1) 416,600 467,514 50,914 253,317
Interest income 70,000 99,345 29,345 81 ,722
II
Insurance settlements 11 ,611 11 ,611 16,513
1 Other 14,200 21 ,891 7,691 5,781
TOTAL REVENUES $4,262,500 $4,454,498 $ 191 ,998 $3,372,981
II (1) Includes operating transfers of $312,500.
II
II
II
II -57-
11
GENERAL FUND EXHIBIT A-3 11
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY FUNCTION I
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984 1
1985
VARIANCE -
II
FAVORABLE 1984
BUDGET _ ACTUAL (UNFAVORABLE) ACTUAL
General Government 1
Administration $ 819,663 $ 795,916 $ 23,747 $ 672,137
Municipal court 58,238 58,331 (93) 51,094 IIEngineering 21,000 19,459 1,541 17,514
Inspection 76,766 75,454 1,312 56,762
Planning and zoning 9,036 4,926 4,110 14,782
TOTAL GENERAL GOVERNMENT 984,703 954,086 30,617 812,289 1
Public Safety
Police 1 ,110,001 1 ,160,752 (50,751) 1 ,033,494
Fire 182,862 195,315 (12,453) 190,981II
Humane 30,499 31,459 (960) 28,570
Civil defense 1 ,550 1,234 316 58,878
TOTAL PUBLIC SAFETY 1 ,324,912 1 ,388,760 (63,848) 1 ,311,923 1
Public Works
Streets 448,477 501,339 (52,862) 883,636
Drainage 21 ,000 20,109 891 70,693 II
TOTAL PUBLIC WORKS 469,477 521 ,448 (51,971) 954,329 •
Sanitation 504,000 512,504 (8,504) 436,299II
TOTAL SANITATION 504,000 512,504 (8,504) 436,299
Culture and Recreation
Library 182,737 192,899 (10,162) 180,819
Parks and recreation 180,222 170,656 9,566 176,978
Youth needs/opportunity
commission 2,265 1 ,647 618 1 ,727II
Community appearance 6,900 3,035 3,865 3,533
TOTAL CULTURE AND
RECREATION 372,124 368,237 3,887 363,057 I
Health and Welfare
Community counseling
center 35,500 35,500 - 33,561 II
Ambulance 25,750 32,419 (6,669) 14,453
TOTAL HEALTH AND WELFARE 61 ,250 67,919 (6,669) 48,014
II
TOTAL EXPENDITURES $3,716,466 $3,812,954 $ (96,488) $3,925,911
II
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II
IIGENERAL FUND EXHIBIT A-4
I
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 1 of 5
CITY OF FRIENDSWOOD, TEXAS
I
Years ended September 30, 1985 and 1984
1985II
VARIANCE -
FAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
IGeneral Government
Administration
Personal services $ 257,987 $ 272,595 $ ( 14,608) $246,780
I Supplies 28,467 19,821 8,646 22,763
Other services and
charges 474,440 446,087 28,353 356,448
I
Maintenance 20,465 26,805 (6,340) 23,772
Capital outlay 38,304 30,608 7,696 22,374
819,663 795,916 23,747 672,137
I
Municipal Court
Personal services 52,738 55,215 (2,477) 45,879
Supplies 3,000 1 ,632 1 ,368 2,769
I
Other services and
charges 2,350 810 1 ,540 1 ,273
Maintenance 150 635 (485) 1 ,173
II Capital outlay - 39 (39) -
58,238 58,331 (93) 51 ,094
Engineering
I
Other services and
charges 21 ,000 19,459 1,541 17,514
21 ,000 19,459 1 ,541 17,514
IInspections
Personal services 60,316 60,655 (339) 51 ,966
II
Supplies 4,200 2, 143 2,057 3,126
Other services and
charges 700 1 ,335 (635) 1 ,057
Maintenance 1 ,700 2,370 (670) 409
I
Capital outlay 9,850 8,951 899 204
76,766 75,454 1 ,312 56,762
I
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GENERAL FUND EXHIBIT A-4 11
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 2 of 5
11
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984II
1985
VARIANCE - II
FAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
General Government (continued) 11
Planning and Zoning
Personal services 2,536 2,122 414 2,485
Supplies 300 338 (38) 206
Other services and
charges 6,200 2,466 3,734 12,091
9,036 4,926 4,110 14,782
II
TOTAL GENERAL
GOVERNMENT 984,703 954,086 30,617 812,289
II
Public Safety
Police Service
Personal services 828,583 900,210 (71,627) 779,190II
Supplies 65,690 59,066 6,624 68,053
Other services and
charges 66,578 44,942 21 ,636 55,264
Maintenance 55,900 58,249 (2,349) 45,973 II
Capital outlay 93,250 98,285 (5,035) 85,014
1,110,001 1,160,752 (50,751) 1,033,494
11
Fire
Personal services 58,222 61 ,584 (3,362) 42,770
Supplies 27,290 4,257 23,033 4,832II
Other services and
charges 34,325 105,897 (71,572) 112,843
Maintenance 27,450 3,621 23,829 8,128
Capital outlay 35,575 19,956 15,619 22,408
182,862 195,315 (12,453) 190,981
11
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GENERAL FUND EXHIBIT A-4
I
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 3 of 5
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984
1985
I
VARIANCE -
FAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
IHumane
Personal services 24,499 24,682 (183) 22,519
Supplies 3,850 3,611 239 3,609
I
Other services and
charges 850 1 ,188 (338) 695
Maintenance 1 ,300 1 ,978 (678) 645
II
Capital outlay - -
31 , - 1 ,102
30,499 459 (960) 28,570
I
Civil Defense Personal services - - - 3,992
Supplies 650 151 499 441
Other services and
II charges 450 51 399 95
Maintenance 450 1 ,032 (582) 8,211
Capital outlay - - •- 359
II Disaster training - - - 45,780
1 ,550 1 ,234 316 58,878
TOTAL PUBLIC SAFETY 1 ,324,912 1 ,388,760 (63,848) 1 ,311 ,923
11 Public Works
Streets
I
Personal services 244,981 279,962 (34,981) 209,213
Supplies 88,314 87,357 957 97,936
Other services and
I charges 56,982 78,991 (22,009) 55,301
Maintenance 28,850 44,070 (15,220) 76,757
Capital outlay 29,350 _ 10,959 18,391 444,429
448,477 501 ,339 (52,862) 883,636
IDrainage
Personal services - - - 33,567
l
Supplies 1 ,000 76 924 3,726
Other services and
charges - - -- 7,712
Maintenance 20,000 20,033 (33) 15,978
I
Capital outlay - - - 9,710
21 ,000 20, 109 891 70,693
I
TOTAL PUBLIC WORKS 469,477 521 ,448 (51 ,971) 954,329
II -61-
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GENERAL FUND EXHIBIT A-4 :11
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 4 of 5
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984II
1985
VARIANCE -
FAVORABLE 1984 II
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Sanitation I
Contract Services 504,000 512,504 (8,504) 436,299
TOTAL SANITATION 504,000 512,504 (8,504) 436,299 1
Culture and Recreation
Library IIPersonal services 132,616 133,542 (926) 123,021
Supplies 27,502 32,508 (5,006) 30,473
Other services and
charges 20,965 24,528 (3,563) 19,760II
Maintenance 1 ,654 2,178 (524) 6,249
Capital outlay - 143 (143) 1,316
182,737 192,899 (10,162) 180,819 1
Parks and Recreation
Personal services 94,067 78,367 15,700 85,355
Supplies 33,630 32,567 1 ,063 34,371
Other services and
charges 18,775 23,391 (4,616) 24,573
Maintenance 18,550 20, 136 (1,586) 17,81311
Capital outlay 15,200 16,195 (995) 14,866
180,222 170,656 9,566 176,978
Youth Needs and Opportunity 11
Personal services 1 ,765 1 ,637 128 1 ,659
Supplies 50 10 40 5
Other services and11
charges 450 - 450 63
2,265 1 ,647 618 1 ,727
Community Appearance 1
Supplies 150 205 (55) -
Maintenance 2,500 - 2,500 -
Other services and II
charges 4,250 2,830 1 ,420 3,533
6,900 3,035 3,865 3,533
TOTAL CULTURE AND11
RECREATION 372,124 368,237 3,887 363,057
11
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II
GENERAL FUND EXHIBIT A-4
I
STATEMENT OF EXPENDITURES - BUDGET AND ACTUAL - BY OBJECT - 5 of 5
CITY OF FRIENDSWOOD, TEXAS
II
Years ended September 30, 1985 and 1984
1985
II VARIANCE
FAVORABLE 1984
BUDGET _ ACTUAL (UNFAVORABLE) ACTUAL
IIHealth and Welfare
Community counseling
center
II -
Contract services 30,000 30,000 30,000
Other services and
charges 5,500 5,500 - 3,561
II35,500 35,500 - - 33,561
Ambulance
I
Supplies 9,750 41 9,709 -
Other services and
charges - - - 3
Maintenance 9,500 6,566 2,934 -
I Contract services 4,000 25,748 (21 ,748) 14,450
Capital outlay 2j500 - 64 2,436
25,750 32,419 (6,669) 14,453
ITOTAL HEALTH AND
WELFARE 61 ,250 67,919 (6,669) 48,014
I
EXPENDITURES BEFORE
OPERATING TRANSFERS 3,716,466 3,812,954 (96,488) 3,925,911
I
OPERATING TRANSFERS OUT - 796,348 (796,348) -
$3,716,466 $4,609,302 $ (892,836) $3,925,911
II
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1
SPECIAL REVENUE FUNDS
These funds are used to account for the proceeds
of specific revenue sources that are legally
restricted to expenditures for specified pur-
poses. Revenues and expenditures of the federal
revenue sharing, parks and recreation, mowing,
' and fine arts programs are accounted for in
these funds.
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SPECIAL REVENUE FUNDS EXHIBIT B-1 ;I
COMBINING BALANCE SHEET
II
CITY OF FRIENDSWOOD, TEXAS
September 30, 198511
with Comparative Totals for September 30, 1984
REVENUE PARKS AND FINE ARTS TOTAL II
SHARING RECREATION MOWING COMMISSION 1985 1984
ASSETS I
Cash $ 13,233 $ 10,034 $ 7,062 $ 42 $30,371 $17,455 11
Revenue sharing
entitlement receivable 16,964 - - - 16,964 20,440
TOTAL ASSETS $30,197 $ 10,034 $ 7,062 $ 42 $47,335 $37,895 II
LIABILITIES AND FUND BALANCE II
LIABILITIES Accounts payable $ 3,437 $ - -$ 505 $ $ 3,942 $ - II
Due to other funds - - - - - 10,506 II
TOTAL LIABILITIES 3,437 - 505 - 3,942 10,506
FUND BALANCES I
Reserved for parks and
programs - 10,034 - 42 10,076 10,427 II
Unreserved 26,760 - 6,557 - 33,317 16,962
TOTAL FUND BALANCES 26,760 10,034 6,557 42 43,393 , 27,389 I
TOTAL LIABILITIES AND
FUND BALANCES $30,197 $10,034 $7,062 $ 42 $47,335 $37,895 II
I
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II
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IISPECIAL REVENUE FUNDS EXHIBIT B-2
I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
CITY OF FRIENDSWOOD, TEXAS
IYear ended September 30, 1985
with Comparative Totals for year ended September 30, 1984
I
REVENUE PARKS AND FINE ARTS TOTAL
SHARING RECREATION MOWING COMMISSION 1985 1984
II
REVENUES
Charges for services $ - $ - $ - $ - $ - $16,414
I
Intergovernmental revenue 68,441 - - - 68,441 81 ,760
Interest Income 999 470 67 - 1 ,536 460
IIOther revenues - 3,334 _ 715 4,000 8,049 3,765
TOTAL REVENUES 69,440 3,804 782 4,000 78,026 102,399
II EXPENDITURES -
Public works - - 2,205 2,205 3,859
Culture and recreation - 217 - 4,958 5,175 27,304
11 TOTAL EXPENDITURES - 217 2,205 4,958 7,380 31 ,163
I
REVENUES OVER
(UNDER) EXPENDITURES 69,440 3,587 (1 ,423) (958) 70,646 71 ,236
OTHER FINANCING SOURCES
I
(USES)Operating transfers in - - 4,000 1 ,000 5,000 3,500
operating transfers out (59,642) - - - (59,642) (64,799)
11
TOTAL OTHER FINANCING
IISOURCES (USES) (59,642) - 4,000 11000 (54,642) (61 ,299)
REVENUES AND OTHER
I SOURCES OVER (UNDER)
EXPENDITURES AND
OTHER USES 9,798 3,587 2,577 42 16,004 9,937
IIFund balances at beginning
of year 16,962 6 447 3980 - 27,389 17,452
I
Fund balances at end
of year $26,760 $10,034 $6,557 $ 42 $43,393 $27,389
II
II -67-
I
SPECIAL REVENUE FUND (REVENUE SHARING) EXHIBIT B-3 :1
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 1
1985 1984
ASSETS
Cash $ 13,233 $ 7,02811
Revenue sharing entitlement receivable 16,964 20,440
TOTAL ASSETS $ 30,197 $ 27,468
11
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 3,437 $ -
Due to other funds - 10,506
TOTAL LIABILITIES 3,437 10,506
FUND BALANCE
Unreserved 26,760 16,962
TOTAL LIABILITIES
AND FUND BALANCE $ 30,197 $ 27,468 I
I
!I
1
I
I
-68-
SPECIAL REVENUE FUND (REVENUE SHARING) EXHIBIT B-4
' STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984
' 1985
VARIANCE -
- FAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
Federal revenue
sharing $68,493 $68,441 $ ( 52) $81 ,760
Interest on investments - 999 999
tOTHER FINANCING USES
Operating transfer
out 68,493 59,642 8,851 64,799
' REVENUES OVER OTHER
FINANCING USES $ - 9,798 $9,798 16,961
Fund balance at beginning
' of year 16,962 1
FUND BALANCE AT
END OF YEAR $26,760 $16,962
-69-
11
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-5
COMPARATIVE BALANCE SHEET I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 ,
1985 1984 1
ASSETS ,
Cash - restricted - including certificate
of deposit $ 10,034 $ 6,447
TOTAL ASSETS $ 10,034 $ 6,447
FUND BALANCE
Reserved for park expenditures $ 10,034 $ 6,447 1
TOTAL FUND BALANCE $ 10,034 $ 6,447 1
I
I
11
1
11
11
I
-70-
1
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-6
I STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS I
Years ended September 30, 1985 and 1984
II
I1985
VARIANCE -
FAVORABLE 1984
IIBUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
I
Charges for services $ $ - $ - $16,414
Interest income 470 470 460
Other revenue -
' donations 8,000 3,334 (4,666) 3,665
TOTAL REVENUES 8,000 3,804 (4, 196) 20,539
II EXPENDITURES
Culture and recreation
Supplies - - - 1 ,508
I
Other services and -
charges 162 (162) 6,443
Maintenance 3,000 55 2,945 14,685
Capital outlay 5,000 - 5,000 4,668
I
8,000 217 7,783 27,304
REVENUES OVER (UNDER)
II
EXPENDITURES $_-- _ 3,587 $ 3,587 (6,765)
II
Fund balance at beginning
of year 6447 13,212
FUND BALANCE AT
I
END OF YEAR $10,034 $ 6,447
II
II
II
I
-71-
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-7
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984
1
1985 1984
ASSETS I
Cash - restricted $ 7,062 $ 3,980
TOTAL ASSETS $ 7,062 $ 3,980 ,
LIABILITIES AND FUND BALANCE 1
LIABILITIES
Accounts payable $ 505 $ -
TOTAL LIABILITIES 505 -
FUND BALANCE
Unreserved 6,557 3,980
TOTAL FUND BALANCE 6,557 3,980
TOTAL LIABILITIES
AND FUND BALANCE $ 7,062 $ 3,980
I
I
I
I
3
-72-
11
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-8
1 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
IIYears ended September 30, 1985 and 1984
1
I1985
VARIANCE -
FAVORABLE 1984
IBUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
II Other revenue $ 500 $ 715 $ 215 $ 100
Interest on Investments 67 67
EXPENDITURES
IIPublic works
Other services and
charges 4,000 2,205 1 ,795 3,859
IIREVENUES OVER (UNDER)
EXPENDITURES (3,500) ( 1 ,423) 2,077 (3,759)
IIOTHER FINANCING SOURCES
Operating transfers in 3,500 4,000 500 3,500
I
REVENUES AND OTHER
SOURCES OVER
EXPENDITURES $ - 2,577 $ 2,577 (259)
II
Fund balance at beginning
of year 3,980 4,239
IIFUND BALANCE AT
END OF YEAR $ 6,557 $ 3,980
I
II
II
II -73-
I
SPECIAL REVENUE FUND (FINE ARTS COMMISSION) EXHIBIT B-9
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 1
1985 1984 1
ASSETS
Cash - restricted $ 42 $ - 11
TOTAL ASSETS $ 42 $ -
FUND BALANCE
Reserved for program expenditures $ 42 $ -
TOTAL FUND BALANCE $ 42 $ -
I
I
I
I
i
-74-
1
IISPECIAL REVENUE FUND (FINE ARTS COMMISSION) EXHIBIT B-10
I
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
I
Years ended September 30, 1985 and 1984
1
II1985
VARIANCE -
FAVORABLE 1984 II
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
I
Other revenue $ 6,000 $ 4 ,000 $(2,000) $ -
EXPENDITURES
IIPrograms 7,000 4,958 2,042 -
REVENUES OVER (UNDER)
II
EXPENDITURES (1 ,000) (958) 42 -
OTHER FINANCING SOURCES
IIOperating transfers in 1 ,000 1 ,000 - -
REVENUES AND OTHER
SOURCES OVER
IIEXPENDITURES $ - 42 $ 42 -
IFund balance at beginning of year - -
IFUND BALANCE AT END OF YEAR $ 42 $ -
II
II
II
II
II -75-
•
1
' DEBT SERVICE FUND
' This fund is used to account for the accumu-
lation of resources for and the payment of
principal and interst on general long-term debt
of the City.
1
1
' -77-
I
DEBT SERVICE FUND EXHIBIT C-1 11
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 1
1985 1984 1
ASSETS
Cash - incuding certificate of deposit $199,491 $197,749 1
Taxes receivable 71,408 51,720
TOTAL ASSETS $270,899 $249,469
t
LIABILITIES AND FUND BALANCE
LIABILITIES ,
Due to other funds $ 107 $ -
Deferred revenue 69,979 51,720
TOTAL LIABILITIES 70,086 51,720
FUND BALANCE
Unreserved
Designated for debt service 200,813 197,749
TOTAL FUND BALANCE 200,813 197,749
TOTAL LIABILITIES
AND FUND BALANCE $270,899 $249,469
1
1
1
-78- '
II
DEBT SERVICE FUND EXHIBIT C-2
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE
' CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984
1
1985 1984
REVENUES
Taxes $ 973,150 $ 997,489
Interest 27,028 30,334
' TOTAL REVENUES 1 ,000,178 1 ,027,823
EXPENDITURES
Principal retirement 377,608 356,000
Interest and fiscal charges 619,506 609
TOTAL EXPENDITURES 997,114 983,609
REVENUES OVER
EXPENDITURES 3,064 44,214
Fund balance at beginning of year 197,749 153,535
FUND BALANCE AT END OF YEAR $ 200,813 $ 197,749
' -79-
I
1
e
I
I
I
' CAPITAL PROJECTS FUND
This fund is used to account for financial
resources to be used for the acquisition and
construction of major capital facilities.
1
I
1
' -81-
I
CAPITAL PROJECTS FUND EXHIBIT D-1 :1
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 '
1985 1984 I
ASSETS 11Cash - including certificates of deposit $ 52,621 $ 44,475
TOTAL ASSETS $___52,621 $ 44,475
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 40,462 $ -
Due to other funds
TOTAL LIABILITIES 40,462 -
FUND BALANCE
Designated for construction 12,159 44,475
TOTAL LIABILITIES AND FUND BALANCE $ 52,621 $ 44,475
I
11
1
11
11
1
-82- 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, 1985 and 1984
1985 1984
REVENUES
Interest income $ 500 $ 8,066
State grants 101 ,202
' EXPENDITURES
Capital outlay 925,366 248,018
REVENUES UNDER EXPENDITURES (823,664) (239,952)
' OTHER FINANCING SOURCES
Operating transfers in 791,348 74,654
REVENUES AND OTHER SOURCES
UNDER EXPENDITURES (32,316) (165,298)
I
Fund balance at beginning of year 44,475 209,773
FUND BALANCE AT END OF YEAR $ 12,159 $ 44,475
' -83-
II
II
II
II
II
II
II
I
ENTERPRISE FUND
The Enterprise Fund is established to account
for operations which are intended to be self-
' supporting through user charges. The City of
Friendswood operates the water and sewer system
on this basis.
II
II
II
I
I
II
II
II
II
I
-85-
11
ENTERPRISE FUND (WATER AND SEWER) !I
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 '
1985 1984
ASSETS
CURRENT ASSETS '
Cash - including certificates of
deposit $ 34,648 $ 171 ,039
Accounts receivable - net allowance
for uncollectibles 377,160 188,540 '
Accrued interest 9,157 3,885
Due from other funds 601 486
TbTAL CURRENT ASSETS 421 ,566 363,950
RESTRICTED ASSETS - cash and certificates of
deposit 1,610,705 984,522
PROPERTY, PLANT, AND EQUIPMENT - at cost
Land 135,387 135,387
Buildings, improvements, and equipment 18,041,557 17,401 ,620
Construction in progress 625,844 387,219
18,802,788 17,924,226
Less accumulated depreciation 2,724,092 2,275,911 '
TOTAL PROPERTY, PLANT
AND EQUIPMENT 16,078,696 15,648,315 I
11
TOTAL ASSETS $18,110,967 $16,996,787
11
-86- '
1
IIEXHIBIT E-1
II
II
1985 1984
IILIABILITIES AND FUND EQUITY
I
LIABILITIES
Current liabilities (payable from current
assets)
Accounts payable $ 81,241 $ 114,618
IIAccrued expenses 18,767 22,867
Accrued interest 7,875 7,875
Due to other funds - 85,693
IITOTAL CURRENT LIABILITIES 107,883 231,053
Current liabilities (payable from
IIrestricted assets)Deferred tap revenues 1,200,000 -
Current portion of revenue bonds 120,000 120,000
Deposits 72,740 75,578
II 1,392,740 195,578
Long-term liabilities
II Revenue bonds (net of current portion) 1,370,000 1 ,490,000
TOTAL LIABILITIES 2,870,623 1,916,631
FUND EQUITY
IIContributed capital
Municipality 12,551,492 12,741,492
12,551 ,492 12,741,492
IRetained earnings
Reserved for construction 377,409 975,992
I
Reserved for revenue bond retirement 266,132 322,768
Unreserved 2,045,311 1,039,904
2,688,852 2,338,664
1 TOTAL FUND EQUITY 15,240 344 15,080,156
TOTAL LIABILITIES AND FUND EQUITY $18,110,967 $16,996,787
1
1
II
II -87-
!I
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-2 !I
STATEMENT OF REVENUES AND EXPENSES - BUDGET AND ACTUAL
II
CITY OF FRIENDSWOOD, TEXAS
Years ended September 30, 1985 and 1984 II
1985
VARIANCE - IIFAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Operating revenuesII
Water and sewer charges $1 ,940,000 $2,002,974 $ 62,974 $2,012,796
WCID #108 sewer fee 60,000 95,932 35,932 123,589
Fees and penalties 5,000 5,001 1 3,459
11
Other income 5,000 889 (4,111) 1,440
2,010,000 2,104,796 94,796 2,141,284 '
Operating expenses before
depreciation -
See Exhibit E-3 1,141,986 1,193,709 (51 ,723) 1 ,072,741 I
OPERATING INCOME
BEFORE DEPRECIATION 868,014 911,087 43,073 1,068,543 I
Depreciation expense - 448,182 (448,182) 418,547 IIOPERATING INCOME 868,014 462,905 (405,109) 649,996
Non-operating income (expense)
Interest on investments 25,000 101 ,258 76,258 63,168
II
Intergovernmental revenue - 500 500 13,937
Interest expense (91,100) (92,475) (1 ,375) (96,515)
Bond cost amortization - - - (5,000)
(66,100) 9,283 75,383 (24,410) II
Income before operating
transfers 801,914 472,188 (329,726) 625,586II
Operating transfers
in (out) (312,000) (122,000) 190,000 (219,600) 1
NET INCOME $ 489,914 $ 350,188 $ (139,726) $ 405,986
II
II
II
-88- ,
I
IIENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-3
IISTATEMENT OF OPERATING EXPENSES - BUDGET AND ACTUAL
CITY OF FRIENDSWOOD, TEXAS
II
Years ended September 30, 1985 and 1984
1985
1 VARIANCE -
FAVORABLE 1984
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
I Water
Personal services $ 158,342 $ 160,084 $ (1 ,742) $ 146,181
Supplies 46,525 28,847 17,678 35,421
I
Other services and
charges 107,700 139,511 (31 ,811) 86,774
Maintenance 62,650 39,655 22,995 56,029
375,217 368,097 7,120 324,405
Sewer
Personal services 105,369 115,142 (9,773) 86,564
II
Supplies 19,325 11 ,455 7,870 14,301
Other services and
charges 119,625 142,977 (23,352) 132,200
II Maintenance 62,450 136,826 (74,376) 95,006
Waste disposal fees 460,000 419,212 40,788 420,265
766,769 825,612 (58,843) 748,336
IIOperating expenses before
depreciation $1 ,141 ,986 $1 ,193,709 $(51 ,723) $1,072,741
II
II
II
II
II
II
I
-89-
II
IIENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-4
IISCHEDULE OF REVENUE BONDS PAYABLE
CITY OF FRIENDSWOOD, TEXAS
I
September 30, 1985
DATE OF OUTSTANDING
II INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1985
I
Waterworks and Sanitary
Sewer System Revenue
Bonds, Series 1969 6.50 % 5-1-69 $340,000 3-1-90 $ 125,000
6.125 5-1-69 360,000 3-1-99 360,000
II485,000
Waterworks and Sanitary
I
Sewer System Junior Lien
Revenue Bonds,
Series 1979 5.50 6-1-79 450,000 3-1-88 150,000
5.50 6-1-79 155,000 3-1-92 155,000
I 5.50 6-1-79 115,000 3-1-93 115,000
5.50 6-1-79 235,000 3-1-96 235,000
5.50 6-1-79 150,000 3-1-89 100,000
II6.25 6-1-79 100,000 3-1-89 100,000
6.50 6-1-79 150,000 3-1-92 150,000
1 ,005,000
IITOTAL REVENUE BONDS PAYABLE $1 ,490,000
II
I
II
II
II
II
II -91-
I
ENTERPRISE FUND (WATER AND SEWER FUND) 11
REVENUE BONDS PAYABLE - BY MATURITY DATE
II
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 I
I
YEAR ENDING
SEPT. 30 PRINCIPAL INTEREST TOTALII
1986 $ 120,000 $ 84,300 $ 204,300
1987 125,000 77,338 202,33811
1988 125,000 70,025 195,025
1989 125,000 62,525 187,525
1990 130,000 54,800 184,800 II
1991 130,000 46,906 176,906
1992 135,000 38,916 173,916
1993 135,000 31,022 166,022 II1994 135,000 23,378 158,378
1995 140,000 15,581 155,581
1996 45,000 10,244 55,244
1997 45,000 7,503 52,503
11
1998 50,000 4,594 54,594
1999 50,000 1 ,531 51 ,531
$1 ,490,000 $ 528,663 $2,018,663 I
I
I
I
I
I
11
II
-92- I
II
IIEXHIBIT E-5
1
II
REVENUE BONDS
WATERWORKS AND WATERWORKS AND
SANITARY SEWER SYSTEM SANITARY SEWER SYSTEM
REVENUE BONDS JUNIOR LIEN REVENUE BONDS
SERIES 1969 SERIES 1979
IIPRINCIPAL INTEREST PRINCIPAL INTEREST
$ 20,000 $ 29,525 $ 100,000 $ 54,775
II
25,000 28,063 100,000 49,275
25,000 26,437 100,000 43,588
25,000 24,813 100,000 37,712
30,000 23,025 100,000 31,775
' 30,000 21,131 100,000 25,775
35,000 19,141 100,000 19,775
35,000 16,997 100,000 14,025
II
35,000 14,853 100,000 8,525
40,000 12,556 100,000 3,025
40,000 10,106 5,000 138
' 45,000 7,503
50,000 4,594
50,000 1,531
$485,000 $240,275 $1,005,000 $288,388
II
II
II
II
II
II
II
I
-93-
1
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
1
1
' -95-
11
11
FIDUCIARY FUND (NON-EXPENDABLE TRUST)
EXHIBIT F-1
COMPARATIVE BALANCE SHEET
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 and 1984 1
1985 1984
ASSETS
Restricted assets
Cash 18,123 16,796
Land 57,200 57,200
11
TOTAL ASSETS $ 75,323 $ 73,996
FUND BALANCE
Reserved for endowments $ 67,200 $ 67,200
Unreserved/undesignated 8,123 6,796
11
TOTAL FUND BALANCE $ 75,323 $ 73,996 I
I
I
11
I
I
I
I
1
-96-
1
FIDUCIARY FUND (NON-EXPENDABLE TRUST) EXHIBIT F-2
COMPARATIVE STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
CITY OF FRIENDSWOOD, TEXAS
' Years ended September 30, 1985 and 1984
' 1985 1984
REVENUES
Interest income $ 1 ,327 $ 1 ,278
TOTAL REVENUES 1 ,327 1 ,278
Fund balance at beginning of year 73,996 72,718
FUND BALANCE AT END OF YEAR $ 75,323 $ 73,996
e
I
I
I
1
I
I
1
I
I
-97-
S
I
1
i
GENERAL FIXED ASSETS ACCOUNT GROUP
This account group is established to account
' for the fixed assets owned by the City exclusive
of those relating to the Enterprise Fund or
Fiduciary Fund. Expenditure transactions to
acquire general fixed assets occur in the
General Fund, Special Revenue Fund and Capital
Projects Fund.
1
I
-99-
I
GENERAL FIXED ASSETS EXHIBIT G-1
SCHEDULE OF GENERAL FIXED ASSETS - BY SOURCE
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 11
General Fixed Assets
Land $ 906,049
Buildings 981 ,673
Improvements 6,060,690
Equipment 1 ,410,671
Construction in progress 372,299
TOTAL GENERAL FIXED ASSETS $9,731 ,382
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 770,662
Municipality 3,339,026
Donations 804,541
TOTAL INVESTMENT IN GENERAL FIXED ASSETS $9,731 ,382
I
1
1
I
11
-1011
11
IIGENERAL FIXED ASSETS EXHIBIT G-2
I
SCHEDULE OF GENERAL FIXED ASSETS - BY FUNCTION AND ACTIVITY
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985
I
FUNCTION AND CONSTRUCTIONIN
ACTIVITY LAND BUILDINGS IMPROVEMENTS EQUIPMENT PROGRESS TOTAL
IGeneral Government
Inspections $ - $ - $ - $ 9,155 $ - $ 9,155
City hall 10,524 257,414 f - 182,898 - 450,836
II10,524 257,414 - 192,053 - 459,991
Public Safety
II Police - 26,284 - 347,998 - 374,282
Fire 18,000 201 ,447 471 ,565 691 ,012
Animal shelter - - - 6,073 - 6,073
Civil defense - - - 11 ,426 - 11 ,426
II18,000 227,731 837,00 1 ,082,793
Public Works
11 Street 91 ,926 112,906 5,473,481 89,484 - 5,767,797
Sanitation 3,500 254,997 50,529 309,026
95,426 112,906 5,728,478 140,013 - 6,076,823
ICommunity Services
Library 7,838 304,296 - 132,874 - 445,008
Parks and
I recreation 774,261 79,326 332,212 108,669 - 1 ,294,468
782,099 383,622 332,212 241 ,543 1 ,739,476
I
Construction in progress - - - -
372,299 372,299
TOTAL GENERAL
IIFIXED ASSETS
ALLOCATED TO
FUNCTIONS $906,049 $981 ,673 $6,060,690 $1 ,410,671 $372,299 $9,731 ,382
II
II
II
II
I
-101-
!I
:I
GENERAL FIXED ASSETS EXHIBIT G-3
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS -
!I
BY FUNCTION AND ACTIVITY
CITY OF FRIENDSWOOD, TEXAS 1
September 30, 1985
BALANCE AT BALANCE AT II
OCT. 1, 1984 ADDITIONS RETIREMENTS SEPT. 30, 1985
General Government II
Inspections $ 204 $ 8,951 $ - $ 9,155
City hall 360,547 90,289 - 450,836 II360,751 99,240 - 459,991
Public Safety - IIPolice 279,877 98,285 3,880 374,282
Fire 670,992 20,020 691 ,012
Animal shelter 6,073 - - 6,073
Civil defense 11,426 - - 11,426 II968,368 118,305 3,880 1 ,082,793
Public Works IIStreet 5,203,770 564,027 - 5,767,797
Sanitation 309,026 - - 309,026
5,512,796 564,027 - 6,076,823
Community Services 11
Library 444,865 143 - 445,008
Parks, recreation
and cemetery 1 ,278,273 16,195 - 1 ,294,468 11
1 ,723,138 16,338 - 1 ,739,476
Construction inII
progress 171 ,996 372,299 171 ,996 372,299
TOTAL $8,737,049 $1 ,170,209 $ 175,876 $9,731 ,382 II
II
II
II
-102- 1
I
I
11
GENERAL LONG-TERM DEBT ACCOUNT GROUP
The purpose of this account group is to account
' for general obligation indebtedness to be retired
primarily from future assessment of ad valorem
taxes.
I
I
I
-103-
I
GENERAL LONG-TERM DEBT
STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT
CITY OF FRIENDSWOOD, TEXAS
Year ended September 30, 1985 1
BALANCE AT
OCT. 1 ,
1984
Amount available in Debt Service Fund $ 197,749 1
Amount to be provided for retirement of
long-term debt 8,225,414
TOTAL AVAILABLE AND
TO BE PROVIDED $8,423,163 '
Classification of debt '
Lease obligation $ 14,163
Certificates of obligation 88,000 1
General obligation bonds 8,321 ,000
TOTAL GENERAL LONG-TERM DEBT $8,423,163
I
11
I
1
-104- 1
II
IIEXHIBIT H-1
I
II
11 OBLIGATIONS DEBT SERVICE BALANCE AT
FUND SEPT. 30,
RETIRED OPERATIONS 1985
11 $ - $ 3,064 $ 200,813
II377, 163 (3,064) 7,845, 187
11 $ 377,163 $ - $8,046,000
______........
II $ 14,163 $ -
II36,000 52,000
327,000 7,994,000
I $ 377,163 $8,046,000
--------
II
II
II
II
II
II
II
II -105-
II
11
GENERAL LONG-TERM DEBT EXHIBIT H-2
SCHEDULE OF GENERAL LONG-TERM DEBT 1 of 4 I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 ,
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30, II
DESCRIPTION RATE ISSUE ISSUE MATURITY 1985
Waterworks and Sewer
System Unlimited 11
Tax Bonds, Series 1962 4.50% 10-1-62 $150,000 3-1-99 $ 150,000
Waterworks and Sewer II
System Unlimited
Tax Bonds, Series 1963 4.25 10-1-63 112,000 3-1-92 65,000
Sewer Improvement II
Bonds, Series 1967 4.20 3-1-67 120,000 3-1-88 45,000
General Obligation I
Refunding Bonds
Series 1969 5.00 3-1-69 257,000 3-1-93 124,000
IIGeneral Obligation
Bonds, Series 1973 5.50 7-1-73 120,000 4-1-88 45,000
Drainage Improvement II
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
100,000
General Obligation - - - -
Bonds, Series 1974 7.90 9-1-74 345,000 3-1-94 280,00011
7.75 9 1 74 355,000 3 1 99 355,000
635,000
Street Improvement II
Bonds, Series 1977 5.50 10-1-77 475,000 6-1-92 355,000
5.75 10-1-77 320,000 6-1-96 320,000
6.00 10-1-77 555,000 6-1-2000 555,000II
1,230,000
II
11
II
-106II
-
II
IGENERAL LONG-TERM DEBT EXHIBIT H-2
I
SCHEDULE OF GENERAL LONG-TERM DEBT 2 of 4
CITY OF FRIENDSWOOD, TEXAS
11 September 30, 1985
DATE OF OUTSTANDING
II INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1985
I
General Obligation Bonds,
Series 1979 7.00 8-1-79 125,000 3-1-87 45,000
6.30 8-1-79 15,000 3-1-88 15,000
5.55 8-1-79 45,000 3-1-90 45,000
I
5.60 8-1-79 25,000 3-1-91 25,000
5.65 8-1-79 25,000 3-1-92 25,000
5.70 8-1-79 25,000 3-1-93 25,000
I
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 3-1-97 60,000
II Street
Street Improvement
Bonds, Series 1982 13.00 2-1-82 50,000 3-1-86 50,000
I
13.00 2-1-82 60,000 3-1-87 60,000
13.00 2-1-82 70,000 3-1-88 70,000
12.00 2-1-82 80,000 3-1-89 80,000
II
11 .00 2-1-82 90,000 3-1-90 90,000
11 .00 2-1-82 100,000 3-1-91 100,000
11 .30 2-1-82 120,000 3-1-92 120,000
11 .70 2-1-82 140,000 3-1-93 140,000
II
12.00 2-1-82 150,000 3-1-94 150,000
12.25 2-1-82 170,000 3-1-95 170,000
12.50 2-1-82 200,000 3-1-96 200,000
II 12.75 2-1-82 220,000 3-1-97 220,000
1 ,450,000
I
Waterworks and Sewer
System Combination Tax
and Revenue Bonds,
Series 1964 5.00 11-1-64 600,000 8-1-99 395,000
IWaterworks and Sewer
System Combination Tax
II and Revenue Bonds,
Series 1970 8.50 4-1-70 600,000 4-1-89 235,000
Waterworks and Sewer
11 System Combination Tax
and Revenue Bonds,
Series 1970-A 8.50 7-1-70 540,000 4-1-2000 540,000
I
II -107-
:I
GENERAL LONG-TERM DEBT EXHIBIT H-2 3
SCHEDULE OF GENERAL LONG-TERM DEBT 3 of 4 1
CITY OF FRIENDSWOOD, TEXAS
September 30, 198511
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1985 II
Waterworks and Sewer
System Combination Tax II
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 250,000II
660,000
Waterworks and Sewer
System Combination Tax
and Revenue Bonds,
Series 1967 5.00 2-1-67 750,000 2-1-88 175,000
II
Waterworks and Sewer
System Combination Tax
and Revenue Bonds, IISeries 1967-A 6.00 8-1-67 720,000 2-1-94 620,000
Waterworks and Sewer
System Combination Tax 11
and Revenue Bonds,
Series 1972 6.75 4-1-72 600,000 4-1-2001 525,000
IIWaterworks and Sewer
System Combination Tax
and Revenue Bonds,
Series 1974 6.75 12-1-74 110,000 3-1-87 40,000 11
6.90 12-1-74 30,000 3-1-88 30,000
7.00 12-1-74 30,000 3-1-89 30,000
7.10 12-1-74 30,000 3-1-90 30,000II
7.25 12-1-74 30,000 3-1-91 30,000
7.40 12-1-74 30,000 3-1-92 30,000
7.50 12-1-74 30,000 3-1-93 30,000 II
7.60 12-1-74 40,000 3-1-94 40,000
7.70 12-1-74 450,000 3-1-2004 450,000
710,000 1
TOTAL GENERAL OBLIGATION
BONDS PAYABLE 7,994,000
11
-108-
1
GENERAL LONG-TERM DEBT EXHIBIT H-2
SCHEDULE OF GENERAL LONG-TERM DEBT 4 of 4
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1985
' Certificates of
Obligation, Series 1982 8.50 11-1-82 38,500 11-1-88 24,000
Certificates of
Obligation, Series 1983 8.50 3-1-83 39,000 3-1-88 28,000
TOTAL CERTIFICATES
OF OBLIGATION 52,000
TOTAL GENERAL
LONG-TERM DEBT $8,046,000
11
11
I
-109-
I
3
GENERAL LONG-TERM DEBT ACCOUNT GROUP
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 1 of 5I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 1
I
YEAR ENDING TOTAL 1
SEPT. 30 PRINCIPAL INTEREST TOTAL
1986 $ 379,000 $ 592,154 $ 971 ,154 1
1987 404,000 564,594 968,594
1988 454,000 533,694 987,694 1
1989 435,000 501,050 936,050
1990 460,000 468,141 928,141
1991 495,000 433,429 928,429
1992 559,000 394,513 953,513 I
1993 595,000 350,428 945,428
1994 635,000 301 ,800 936,800
1995 590,000 252,464 842,464
1996 645,000 200,868 845,868
1997 685,000 146,506 831,506
1998 455,000 104,334 559,334
1999 485,000 75,489 560,489
2000 520,000 49,600 569,600
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
$8,046,000 $5,003,239 $13,049,239 I
I
I
I
1
I
-110- 1
II
II EXHIBIT H-3
Page 1 of 5
II
II
WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM
II UNLIMITED TAX BONDS UNLIMITED TAX BONDS
SERIES 1962 SERIES 1963
(GALVESTON COUNTY WATER (GALVESTON COUNTY WATER
II CONTROL AND IMPROVEMENT DISTRICT NO, 15) CONTROL AND IMPROVEMENT SEWER IMPROVEMENT
DISTRICT NO. 15) BONDS - SERIES 1967
PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
I
$ 6,750 $ 8,000 $ 2,593 $ 15,000 $ 1 ,575
6,750 8,000 2,252 15,000 945
6,750 9,000 1 ,891 15,000 315
' 6,750 10,000 1 ,488
6,750 10,000 1 ,062
6,750 10,000 638
II
6,750 10,000 212
6,750
6,750
$ 30,000 6,075
I 30,000 4,725
30,000 3,375
35,000 1 ,913
11 25,000 562
II
II $150,000 $77,400 $65,000 $10, 136 $45,000 $ 2,835
II
II
II
II
II
I -111-
!I
GENERAL LONG-TERM DEBT ACCOUNT GROUP 11
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 2 of 5 1
CITY OF FRIENDSWOOD, TEXAS
September 30, 198511
GENERAL OBLIGATION
REFUNDING BONDS GENERAL OBLIGATION BONDS
SERIES 1969 SERIES 1973
YEAR ENDING SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST
1986 $ 15,000 $ 5,825 $ 15,000 $ 2,475 1
1987 15,000 5,075 15,000 1 ,650
1988 15,000 4,325 15,000 825
1989 15,000 3,575
1990 15,000 2,825
1991 15,000 2,075
1992 14,000 1 ,350
1993 20,000 500
1994
1995
1996
1997
1998
1999
2000
2001
2002
200311 2004
$124,000 $25,550 $45,000 $4,950
I
1
I
I
I
-112-
I
II EXHIBIT H-3
Page 2 of 5
II
II
I
II DRAINAGE IMPROVEMENT BONDS GENERAL OBLIGATION BONDS STREET IMPROVEMENT BONDS
SERIES 1973 SERIES 1974 SERIES 1977
PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
I
$ 6,075 $ 10,000 $ 49,238 $ 35,000 $ 71 ,225
6,075 10,000 48,447 40,000 69,300
6,075 10,000 47,658 45,000 67, 100
II $ 10,000 6,075 30,000 46,077 55,000 64,625
15,000 5,475 30,000 43,708 55,000 61 ,600
15,000 4,575 35,000 41 ,140 60,000 58,575
II 15,000 3,660 35,000 38,375 65,000 55,275
15,000 2,745 45,000 35,215 70,000 51 ,700
15,000 1 ,830 75,000 30,475 75,000 47,675
15,000 915 50,000 25,575 85,000 43,363
II
70,000 20,925 90,000 38,475
75,000 15,306 95,000 33,300
70,000 9,688 100,000 27,600
II 90,000 3,487 100,000 21 ,600
260,000 15,600
II
11 $100,000 $43,500 $635,000 $455,314 $1 ,230,000 $727,013
II
II
II
II
I
-113-
I
GENERAL LONG-TERM DEBT ACCOUNT GROUP 3
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 3 of 5
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 I
I
GENERAL OBLIGATION BONDS STREET IMPROVEMENT BONDS I
SERIES 1979 SERIES 1982
YEAR ENDING SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST
1986 $ 20,000 $ 16,620 $ 50,000 $ 172,465 1
1987 20,000 15,220 60,000 165,315
1988 20,000 13,890 70,000 156,865
1989 20,000 12,705 80,000 147,515 I
1990 25,000 11 ,456 90,000 137,765
1991 25,000 10,063 100,000 127,315
1992 25,000 8,656 120,000 115,035 '
1993 25,000 7,238 140,000 100,065
1994 25,000 5,800 150,000 82,875
1995 25,000 4,338 170,000 63,463
1996 30,000 2,700 200,000 40,550 I
1997 30,000 900 220,000 14,025
1998
1999 I
2000
2001
2002
2003
2004
$290,000 $109,586 $1 ,450,000 $1 ,323,253
I
I
I
II
1
-114-
1
IIEXHIBIT H-3
Page 3 of 5
1
1
WATERWORKS AND SEWER SYSTEM
1 COMBINATION TAX AND REVENUE
BONDS - SERIES 1964 WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM
(GALVESTON COUNTY WATER COMBINATION TAX AND REVENUE COMBINATION TAX AND REVENUE
I
CONTROL AND IMPROVEMENT DISTRICT NO, 21) BONDS - SERIES 1970 BONDS - SERIES 1970-A
(SUNMEADOW M.U.D.) (SUNMEADOW M.U.D.)
PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
I
$ 20,000 $ 19,750 $ 55,000 $19,975 $ 45,900
25,000 18,750 55,000 15,300 45,900
25,000 17,500 60,000 10,625 45,900
' 25,000 16,250 65,000 5,525
$ 70,000 45,900
25,000 15,000 45,900
25,000 13,750 75,000 39,950
II
30,000 30,000 12,500 85,000 33,575
11 ,000 90,000 26,350
30,000 9,500 95,000 18,700
30,000 8,000 70,000 10,625
1 30,000 6,500 4,675
30,000 5,000 4,675
35,000 3,500 4,675
1 35,000 1 ,750 4,675
55,000 4,675
I
1 $395,000 $158,750 $235,000 $51 ,425 $540,000 $382,075
1
1
1
I
1
1 -115-
11
11
GENERAL LONG-TERM DEBT ACCOUNT GROUP
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 4 of 5 1
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 11
WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM '
COMBINATION TAX AND REVENUE COMBINATION TAX AND REVENUE
REFUNDING BONDS REFUNDING BONDS
SERIES 1972 SERIES 1967
(SUNMEADOW M.U.D.) (CLEAR WOODS I.D.) II
YEAR ENDING SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST
1986 $ 36,075 $ 75,000 $ 6,875 II
1987 36,075 75,000 3,125
1988 36,075 25,000 625
1989 36,075II
1990 36,075
1991 36,075
1992 36,075 II1993 36,075
1994 36,075
1995 $35,000 36,075 111996 115,000 34,063
1997 125,000 27,450
1998 135,000 20,263
1999 145,000 12,500
2000 105,000 5,250 II
2001
2002
2003
2004
$660,000 $460,276 $175,000 $10,625 1
II
II
11
11
-116-
1
II EXHIBIT H-3
Page 4 of 5
1
1
1 WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM WATERWORKS AND SEWER SYSTEM
COMBINATION TAX AND REVENUE COMBINATION TAX AND REVENUE COMBINATION TAX AND REVENUE
REFUNDING BONDS REFUNDING BONDS REFUNDING BONDS
1 SERIES 1967-A SERIES 1972
SERIES 1974
(CLEAR WOODS I.D.) (CLEAR WOODS I.D.) (CLEAR WOODS I.D.)
PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
1 $ 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
1 75,000 29,250 20,000 31 ,725 30,000
30,000 47,515
75,000 24,750 20,000 30,375 45,400
75,000 20,250 30,000 29,025 30,000 43,248
II100,000 15,000 30,000 27,000 30,000 41,050
100,000 9,000 30,000 24,975 30,000 38,815
100,000 3,000 30,000 22,950 40,000 36,170
40,000 20,925 40,000 33,110
1 40,000 18,225 40,000 30,030
40,000 15,525 40,000 26,950
40,000 12,825 40,000 23,870
II
50,000 10,125 40,000
50,000 20,790
50,000 6,750 17,325
50,000 3,375 50,000 13,475
II
50,000 9,625
50,000 5,775
50,000 1 ,925
1 $620,000 $208,200 $525,000 $356,738 $710,000 $588,643
1
1
I
1
1
II
-117-
11
GENERAL LONG-TERM DEBT ACCOUNT GROUP EXHIBIT H-3 11
GENERAL LONG-TERM DEBT - BY MATURITY DATE - 5 of 5 I
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985 ,
CERTIFICATES OF OBLIGATION CERTIFICATES OF OBLIGATION
SERIES - 1982 SERIES - 1983
YEAR ENDING SEPT. 30 PRINCIPAL INTEREST PRINCIPAL INTEREST
1986 $8,000 $1 ,700 $8,000 $2,0140 i
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
2001
2002
2003
2004
$24,000 $3,060 $28,000 $3,91011
I
1
1
I
11
-118- 1
1
1
1
1
1
1
1
1
1
1
» 1
1
1
1
1
1
1
1
1
1
11
COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS - 1 of 2 EXHIBIT I-1
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1985
CERTIFICATE INTEREST MATURITY '
DESCRIPTION NUMBER RATE DATE AMOUNT
General Fund II
Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8476 6.99% 10/11/85 $200,000 I
Certificate of Deposit -
Texas Commerce Bank, I
Friendswood, Texas 8479 7.16 10/25/85 190,486
Special Revenue Fund IICertificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8477 7.25 12/30/85 5,403
Debt Service Fund I
Certificate of Deposit -
Texas Commerce Bank, IIFriendswood, Texas 8482 7.19 10/30/85 80,000
Enterprise Fund
Certificate of Deposit - I
Texas Commerce Bank,
Friendswood, Texas 8457 7.32 11/29/85 1 ,035,286
Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8458 7.32 11/29/85 100,680
Certificate of Deposit II
-
Texas Commerce Bank,
Friendswood, Texas 8474 6.98 10/18/85 184,091 I
II
II
11
1
-120- I
1
COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS - 2 of 2 EXHIBIT I-1
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985
CERTIFICATE INTEREST MATURITY
DESCRIPTION NUMBER RATE DATE AMOUNT
' Enterprise Fund (Continued)
Certificate of Deposit -
Texas Commerce Bank,
' Friendswood, Texas 8478 7.20 11/22/85 250, 110
Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8481 7 .25 12/30/85 40,238
Non-expendable Trust Fund
' Certificate of Deposit -
Texas Commerce Bank,
Friendswood, Texas 8480 7.25 12/30/85 17,918
' TOTAL ALL FUNDS $2, 104,212
11
1
' -121-
4'
I
SCHEDULE OF DELINQUENT TAXES RECEIVABLE EXHIBIT I-2 11
CITY OF FRIENDSWOOD, TEXAS
II
September 30, 1985
1
DELINQUENT TAXES RECEIVABLE II
GENERAL DEBT SERVICE
YEAR FUND FUND TOTAL I
1984 $ 87,184 $ 36,746 $123,930
1983 39,344 17,105 56,449
1982 13,730 7,141 20,871II
1981 6,673 3,084 9,757
1980 5,205 2,391 7,596
1979 4,414 1,245 5,659 II
1978 2,760 684 3,444
1977 1,362 573 1,935
1976 1 ,168 632 1 ,800 II1975 653 248 901
1974 189 54 243
1973 81 10 91 I
1972 8 1 9
1971 15 9 24
1970 15 9 24
1969 20 5 25 I
1968 16 8 24
1967 14 10 24
1966 49 24 73
11
TOTAL DELINQUENT
TAXES RECEIVABLE $162,900 $ 69,979 $232,879
1
I
I
I
I
-122-
1
t
STATISTICAL SECTION
1
-123-
I
GENERAL REVENUE - BY SOURCE II
CITY OF FRIENDSWOOD, TEXAS
II
Last Ten Fiscal Years
II
INTER- LICENSES CHARGES
FISCAL GOVERNMENTAL AND FOR SERVICE INTEREST
YEAR REVENUE TAXES PERMITS (SANITATION) INCOME II
1975-76 $ 54,296 $ 1 ,138,633 $36,200 $ 112,021 $ 20,592
1976-77 58,654 1,421,916 27,438 156,311 27,628 II
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 II
1979-80 220,470 1 ,780,798 43,399 268,481 36,272 II
1980-81 143,760 2,416,105 49,580 275,870 75,172
1981-82 311,695 2,188,070 75,292 289,034 125,888 I
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 II
1984-85 535,955 4,018,210 138,074 532,701 127,909 I
II
Includes the General, Special Revenue, and Debt Service Funds.
Source - Accounting records of the City.
II
I
I
11
-124-
EXHIBIT I
FINES AND MISCELLANEOUS
FORFEITURES REVENUE TOTAL
$ 14,514 $17,937 $1 ,394,193
19,103 15,876 1 ,726,926
25,542 28,078 2,055,216
t69,228 43,771 2,464,699
' 103,447 42,168 2,495,035
129,824 31 ,250 3, 121 ,561
' 111 ,975 84,124 3, 186,078
102,609 123,088 3,542,641
1 128,694 42,473 4,503,203
138,302 41 ,551 5,532,702
1
1
1
' -125-
1
GENERAL GOVERNMENTAL EXPENDITURES - BY FUNCTION II
CITY OF FRIENDSWOOD, TEXAS I
Last Ten Fiscal Years
CULTURE
FISCAL GENERAL PUBLIC PUBLIC AND
YEAR GOVERNMENT SAFETY WORKS SANITATION RECREATIONII
1975-76 $174,264 $ 302,479 $257,325 $154,027 $ 81 ,488
1976-77 254,632 323,833 185,554 200,724 184,759 1
1977-78 282,252 438,013 235,506 223,878 180,216
11
1978-79 428,395 626,906 292,116 271 ,220 391,512
1979-80 462,461 798,798 329,713 261,471 208,473 1
1980-81 626,120 754,259 452,316 292,896 208,292
1981-82 680,792 856,648 474,575 288,813 299,028 1
1982-83 714,608 1 ,188,214 596,633 336,635 314,853
1983-84 812,289 1 ,311 ,923 958,188 436,299 390,361 II
1984-85 954,086 1 ,388,760 523,653 512,504 373,412 1
11
Includes the General, Special Re and Debt Service Funds.
c al Revenue,
Source - Accounting records of the City. 1
1
1
I
11
1
-126- 1
' EXHIBIT II
1
' HEALTH
AND DEBT
' WELFARE SERVICE TOTAL
$ 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
67,919 997,114 4,817,448
1
t
1
-127-
II
II
TAX REVENUES - BY SOURCE EXHIBIT III
IICITY OF FRIENDSWOOD, TEXAS
Last Ten Fiscal Years
BUSINESS
GENERAL GENERAL GROSS INDUSTRIAL
II
FISCAL TOTAL PROPERTY SALES RECEIPTS DISTRICT BEVERAGE
YEAR TAXES TAXES TAX TAXES TAXES' TAX
II1975-76 $1 ,138,633 $ 829,712 $104,320 $ 50,514 $151 ,404 $2,683
1976-77 1,421 ,916 956,474 119,044 63,229 280,053 3,116
I1977-78 1 ,518,773 1 ,012,351 154,946 77,047 270,982 3,447
1978-79 1 ,862,738 1 ,128,611 191 ,789 92,446 446,302 3,590
II1979-80 1 ,780,798 1 ,206,271 275,675 107,731 186,678 4,443
II1980-81 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
II
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
I1984-85 4,018,210 3,319,149 424,498 273,184 - 1 ,379
II 'Contract with Industrial District from 1976 to 1980 and a new contract from 1980 to
1982 with a guarantee of a least $300,000 a year.
I
Source - Accounting records of the City.
II
II
II
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II
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-129-
II
PROPERTY TAX LEVIES AND COLLECTIONS II
CITY OF FRIENDSWOOD, TEXAS I
Last Ten Fiscal Years
II
PERCENT IIFISCAL TAX TAX TOTAL CURRENT TAX OF LEVY
YEAR YEAR RATE TAX LEVY COLLECTIONS COLLECTED
1975-76 1975 1.20 $ 833,814 $ 802,330 96.22% II
1976-77 1976 1.20 961 ,441 932,258 96.96
1977-78 1977 1.15 1,021,935 987,372 96.62 II
1978-79 1978 1 .15 1,147,958 1 ,105,811 96.33 II
1979-80 1979 1.15 1,231,876 1,175,513 95.42
1980-81 1980 .775 (1) 1,459,086 1,394,770 95.59 I
1981-82 1981 .775 1 ,586,474 1 ,531,878 96.56
1982-83 1982 .735 2,068,817 1 ,989,751 96.18 II
1983-84 1983 .720 2,491,879 2,400,000 96.32 1
1984-85 1984 .720 3,348,234 3,224,304 96.30
I
(1) Assessment ratio increased in 1980 to 100% of market value per $100 valuation.
11
Source - Tax assessor/collector's records.
II
II
11
:I
-130-
II
II
EXHIBIT IV
II
II TOTAL
COLLECTION OUTSTANDING
IIAS A DELINQUENT
DELINQUENT TOTAL PERCENT OUTSTANDING TAXES AS A
TAX TAX OF CURRENT DELINQUENT PERCENT OF
COLLECTIONS COLLECTIONS LEVY TAXES CURRENT LEVY
II $ 27,382 $ 829,712 99.51% $ 47,517 5.69%
' 24,216 956,474 99.48 52,130 5.42
24,979 1 ,012,351 99.06 61 ,533 6.02
II22,800 1 ,128,611 98.31 79,839 6.95
30,758 1 ,206,271 97.92 102,969 8.36
I51 ,301 1 ,446,071 99.11 135,756 9.30
I67,643 1 ,599,521 100.82 142,473 8.98
123,964 2,113,715 102.17 123,882 5.99
II50,915 2,450,915 98.36 169,380 6.80
55,528 3,279,832 97.96 232,879 6.96
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I -131-
I
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY II
CITY OF FRIENDSWOOD, TEXAS I
Last Ten Fiscal Years
II
REAL PROPERTY PERSONAL PROPERTY
ESTIMATED ESTIMATED II
FISCAL TAX ASSESSED ACTUAL ASSESSED ACTUAL
YEAR YEAR VALUE VALUE VALUE VALUE
1975-76 1975 $ 68,820,840 $114,701,400 $1,138,450 $1,897,420 I
1976-77 1976 79,476,130 132,460,220 1,225,050 2,041,750
II
1977-78 1977 87,796,960 146,328,267 1,738,760 2,897,933
1978-79 1978 98,489,560 164,149,267 2,062,730 3,437,883 I
1979-80 1979 105,509,070 175,848,450 2,242,850 3,738,083
1980-81 1980 (1) 184,417,212 184,417,212 5,084,410 5,084,410 I
1981-82 1981 199,752,590 199,752,590 6,432,770 6,432,770
1982-83 1982 291 ,156,780 291 ,156,780 7,295,310 7,295,310 II
1983-84 1983 436,557,744 436,557,744 6,389,970 6,389,970 I
1984-85 1984 588,137,580 588,137,580 10,731,940 10,731,940
11
(1) Assessment ratio increased in 1980 to 100% of market value per $100 valuation. '
Source - Tax assessor/collector's records
II
II
II
11
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-132- '
1
IIEXHIBIT V
I
II
TOTAL TOTAL RATIO OF
I
ESTIMATED ASSESSED TAXABLE ASSESSED VALUE
ASSESSED ACTUAL VALUE OF ASSESSED TO ESTIMATED
VALUE VALUE EXEMPTIONS VALUE ACTUAL VALUE
I $ 69,959,290 $ 116,598,820 $ 474,790 $ 69,484,500 60%
80,701 ,180 134,501 ,970 581 ,095 80,120,085 60
' 89,535,720 149,226,200 671 ,810 88,863,910 60
I
100,552,290 167,587, 150 573,900 99,978,390 60
107,751 ,920 179,586,533 633,440 107, 118,480 60
II189,501 ,622 189,501 ,622 1 ,987,238 187,514,384 100
206,185,360 206,185,360 4,380,567 201 ,804,793 100
II298,452,090 298,452,090 85,672,799 212,779,291 100
' 442,947,714 442,947,714 96,853,365 346,094,349 100
598,869,520 598,869,520 133,837,020 465,032,500 100
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I -133-
I
II
PROPERTY TAX RATES AND TAX LEVIES -
ALL OVERLAPPING GOVERNMENTS - 1 of 2
CITY OF FRIENDSWOOD, TEXAS II
Last Ten Fiscal Years II
FRIENDSWOOD CLEAR CREEK IIINDEPENDENT INDEPENDENT
FISCAL TAX CITY OF SCHOOL SCHOOL
YEAR YEAR FRIENDSWOOD DISTRICT DISTRICT
TAX RATE II
1975-76 1975 1 .20 1 .82 1 .77
1976-77 1976 1 .20 1 .90 1 .84II
1977-78 1977 1 .15 1 .84 1.84
1978-79 1978 1 .15 1 .84 1 .55
1979-80 1979 1 .15 1 .81 .82 II
1980-81 1980 .775 (1) 1 .77 .82
1981-82 1981 .775 1.86 .88
1982-83 1982 .735 1.83 .83 II
1983-84 1983 .720 1.79 .82
1984-85 1984 .720 1 .46 .82
TAX LEVIES I
1975-76 1975 833,814 1,726,958 9,694,602
1976-77 1976 961 ,441 2,084,644 10,506,189 I
1977-78 1977 1 ,021 ,935 2,255,166 10,499,589
1978-79 1978 1 ,147,958 2,456,479 14,315,746
1979-80 1979 1 ,231 ,876 2,718,490 16,431,313
1980-81 1980 1 ,459,086 3,123,225 19,977,989 11
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 27,542,883II
1984-85 1984 3,348,234 5,123,436 31 ,308,670
1
(1) Assessment ratio increased in 1980 IIto 100% of market value per $100 valuation.
1
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-134- '
I
IEXHIBIT VI
II
II
I
CLEAR CREEK
GALVESTON HARRIS DRAINAGE
COUNTY COUNTY DISTRICT
ITAX RATE
.920 1 .130 . 100
I .970 1 .160 .100
.970 1 .110 .100
.940 1 . 100 . 100
I
.930.915 1 . 100 .080
1 . 130 . 100
.300 .376 . 100
,300 .360 .150
I .395 .377 .150
.395 .277 .150
ITAX LEVIES
7,193,689 75,401 ,000 85,351
I 9,170,621 150,413,705 91 ,534
10,478,788 86,209,774 99,764
10,719,130 140,067,072 113,473
11 ,871 ,339 152,422,186 101 ,276
I
12,957,655 175,846,769 163,441
18,673,000 218,001 ,248 256,004
18, 137,783 238,964,304 486,722
I
26,640,815 270,971 ,084 506,281
28,607,391 312,288,939 609,854
II
II
II
II
I
-135-
1
PROPERTY TAX RATES AND TAX LEVIES -
ALL OVERLAPPING GOVERNMENTS - 2 of 2
I
FRIENDSWOOD CLEAR CREEK
INDEPENDENT INDEPENDENT
CITY OF SCHOOL SCHOOL
FRIENDSWOOD DISTRICT DISTRICT
Tax Rate Limits
1) Amount $2.50 $1.50 $1.50
2) Source Statutory Statutory Statutory
Due date
Current taxes 10-1 10-1 10-1
Date taxes
become
delinquent 2-1 2-1 2-1
Penalites for
delinquency 7.0% on 2-1 7.0% on 2-1 7.0% on 2-1
plus 1.0% for plus 1.0% for plus 1.0% for
each month each month each month
thereafter thereafter thereafter
NOTE: The tax rate for Debt Service is unlimited in amount for all governmental 1
units presented in this schedule.
Source - Tax department records of the various entities.
11
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-136- '
1
' EXHIBIT VI
CLEAR CREEK
' GALVESTON HARRIS
COUNTY DRAINAGE
COUNTY DISTRICT
' $1 .60 Unlimited $.20
Statutory Statutory Statutory
' 10-1 10-1 10-1
' 2-1 2-1 2-1
7.0% on 2-1 7.0% on 2-1 7.0% on 2-1
plus 1 .0% for plus 1 .0% for plus 1 .0% for
each month each month each month
thereafter thereafter thereafter
' -137-
I
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED
VALUE AND NET BONDED DEBT PER CAPITA
CITY OF FRIENDSWOOD, TEXAS II
Last Ten Fiscal Years II
GROSS LESS DEBT
FISCAL ESTIMATED ASSESSED BONDED SERVICE II
YEAR POPULATION VALUE DEBT FUNDS
1975-76 8,281 $ 69,959,290 $3,942,000 $117,183
II
1976-77 9,016 80,701,180 3,906,000 107,035
1977-78 10,094 89,535,720 5,133,000 146,773 I
1978-79 10,301 100,552,290 5,417,000 122,363
1979-80 10,719 107,751 ,920 5,354,000 117,551 II
1980-81 11,169 189,501,622 5,217,000 143:168 II
1981-82 11 ,770 206,185,360 6,560,000 145,075
1982-83 12,530 298,452,090 6,470,500 153,535 I
1983-84 17,365 442,947,714 8,423,163 197,749
1984-85 18,500 598,869,520 8,046,000 200,813 I
Source - City's records.
1
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II
1
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-138- ,
I
' EXHIBIT VII
RATIO OF NET
NET BONDED DEBT
' BONDED TO ASSESSED
VALUE % NET BONDED DEBT
DEBT PER CAPITA
' $ 3,824,817 5.5% $461 .88
3,798,965 4.7 421 .36
4,986,227 5.6 493.98
5,294,637 5.3 513.99
' 5,236,449 4.9 488.52
5,073,832 2.7 454.28
6,414,925 3.1 545.02
6,316,965 2.1 504.15
8,225,414 1 .9 473.68
' 7,845,187 1 .3 424.06
I
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' -139-
II
COMPUTATION OF NET DIRECT AND ESTIMATED OVERLAPPING DEBT EXHIBIT VIII II
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1985
1
PERCENTAGE CITY OF
NET DEBT APPLICABLE FRIENDSWOOD'S IINAME OF GOVERNMENT UNIT OUTSTANDING TO CITY OF FRIENDSWOOD SHARE OF DEBT
Friendswood Independent
School District $ 6,175,000 100.00% $ 6,175,000 II
Clear Creek Independent
School District 52,250,000 3.38 1,766,05011
Galveston County 27,915,000 4.87 1,359,461
Harris County 427,505,000 .16 684,008 I
Clear Creek Drainage
District 90,000 100.00 90,000
TOTAL NET OVERLAPPING DEBT 10,074,519
Net General Long-Term Debt - City of Friendswood 7,845,187 1
TOTAL NET DIRECT AND IIOVERLAPPING DEBT $17,919,706
SOURCE - Finance department records of the various governments. I
I
11
1
II
II
I
-140- I
I
ICOMPUTATION OF LEGAL DEBT MARGIN EXHIBIT IX
ICITY OF FRIENDSWOOD, TEXAS
September 30, 1985
I
The City does not have a legal debt margin.
I
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I
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-141-
II
IIRATIO OF ANNUAL DEBT SERVICE EXPENDITURES EXHIBIT X
FOR GENERAL BONDED DEBT TO TOTAL
IIGENERAL EXPENDITURES
CITY OF FRIENDSWOOD, TEXAS
IILast Ten Fiscal Years
RATIO OF DEBT
I
SERVICE TO
INTEREST TOTAL TOTAL TOTAL GENERAL
FISCAL AND FISCAL DEBT GENERAL GOVERNMENTAL
II
YEAR PRINCIPAL AGENT FEES SERVICE EXPENDITURES EXPENDITURES
1975-76 $ 49,000 $102,053 $151 ,053 $1 ,126,989 13.40%
II1976-77 41,000 99,810 140,810 1 ,297,217 10.85
1977-78 58,000 100,108 158,108 1 ,524,721 10.37
I1978-79 56,000 216,800 272,800 2,290,966 11.91
' 1979-80 78,000 196,096 274,096 2,458,212 11 .15
1980-81 99,336 203,396 302,732 2,694,794 11 .23
1 1981-82 110,631 303,809 414,440 3,056,539 13.56
1982-83 123,759 373,646 497,405 3,684,230 13.50
II1983-84 356,000 627,609 983,609 4,940,683 19.91
II 1984-85
377,608 619,506 997, 114 4,817,448 20.70
Source - Accounting records of the City.
II
II
II
I
II
II
II -143-
I
SCHEDULE OF REVENUE BOND COVERAGE 11
CITY OF FRIENDSWOOD, TEXAS I
Last Ten Fiscal Years
I
OPERATING NET OPERATING
II
NUMBER OF NUMBER OF EXPENSES REVENUE
FISCAL WATER SEWER OPERATING BEFORE AVAILABLE FOR
YEAR CUSTOMERS CUSTOMERS REVENUE DEPRECIATION DEBT SERVICE
II
1975-76 2,366 2,366 $ 319,610 $ 247,445 $ 72,165
1976-77 2,576 2,576 459,720 298,424 161,296 II
1977-78 2,884 2,884 584,339 378,552 205,787
1978-79 3,086 3,020 674,803 501 ,029 173,774 II
1979-80 3,086 3,020 877,947 564,500 313,447 II
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 I
1982-83 3,659 3,430 1,450,044 861 ,935 588,109
1983-84 4,998 4,686 2,141,284 1,072,741 1 ,068,543 I
1984-85 5,338 5,061 2,104,796 1,193,709 911,087
I
Source - Accounting records of the City. II
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-144- I
II
IEXHIBIT XI
II
II
IREVENUE BOND DEBT
DEBT SERVICE REQUIREMENTS SERVICE
IIPRINCIPAL INTEREST TOTAL COVERAGE
$ 15,000 $ 40,738 $ 55,738 1 .29
II15,000 39,762 54,762 2.95
15,000 38,788 53,788 3.83
I15,000 37 ,812 52,812 3 .29
215,000 88,908 303,908 1 .03
II65,000 84,552 149,552 2.38
I
70,000 99,005 169,005 2.24
70,000 91 ,113 161 ,113 3.65
II70,000 96,515 166,515 6.42
120,000 92,475 212,475 4.29
II
II
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II
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II
II
II -145-
I
TAX RATE DISTRIBUTION FOR DEBT SERVICE EXHIBIT XII
CITY OF FRIENDSWOOD, TEXAS
II
Last Ten Fiscal Years
1
II
GENERAL DEBT SERVICE TOTAL TAX
TAX YEAR FUND FUND RATE
II
1975 .876 .324 1.20
1976 .787 .413 1.20II
1977 .813 .337 1.15
1978 .921 .229 1.15 II
1979 .897 .253 1.15
II
1980 .5311 .2434 .775 (1)
1981 .53 .245 .775 1
1982 .4835 .2515 .735
1983 .502 .218 .720 II
1984 .507 .213 .720
II
(1) Assessment ratio increased in 1980 to 100% market value per $100 valuation.
11
SOURCE - City's tax ordinances.
I
II
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-146-
II
IIPRINCIPAL TAXPAYERS EXHIBIT XIII
IICITY OF FRIENDSWOOD, TEXAS
September 30, 1985
IIPERCENT OF
ASSESSED VALUE
II NAME OF TAXPAYER NATURE OF BUSINESS ASSESSED TO TOTAL
VALUE ASSESSED VALUE
II1 . Exxon Petroleum $49,383,010 8.3%
2. Southwestern Bell
Telephone Utility Co. 9,746, 170 1 .6
II3. Crown Central
Petroleum Petroleum 8,893,500 1 .5
II4. Texas New Mexico
Power Utility Co. 3,613,370 .6
II 5. L-Clair Enterprises Land 32 -002I 100
.5
6. Ralph Lowe Investments 2,206,930 .4
II7. Dawson and Dawson Land 2,093,220 .3
II 8. Salem Square
Apartments Apartments 2,006,770 .3
9. Friendswood
IITownhomes Townhomes 1 ,978,410 .3
10. Gerlands Food Fair Retail _1260 920 .R
II $84,884,400 14.1%
II
SOURCE - Tax assessor/collector's records.
II
II
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II
,
I
SCHEDULE OF INSURANCE IN FORCE - 1 of 2 II
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1985
LOCATION II
OR
INSURER POLICY NO. ACTIVITY COVERAGE
FIRE II
Employers of Texas/Lloyds TEMP-A-1L9003 Library Fire, EC, and IIPublic Works V&MM:
Fire Station #1 Buildings
Fire Station #2 Contents
Counseling CenterII
Standard Fire Insurance Co. 061FP1179093 Blanket on all Fire, EC, and
City owned V&MM: II
property Buildings and
Contents
Employers Casualty Company EEP-A-047835 Electronic Fire, EC, and II
Equipment V&MM:
St. Paul Mercury Insurance Co. 342ZE7165 Fire, Police and Fire, EC, and II
Park Equipment V&MM:
Omaha Indemnity 0I1932137639 Library Flood: Building II
Contents
National Flood Insurance 0I1940990565 Public Works Flood: Building
ContentsII
National Flood Insurance 0I200156227 Fire Station #1 Flood: Building
Contents '
National Flood Insurance OI2001944988 Counseling Center Flood: Building
Contents I
LIABILITY
Employers Casualty Company TEMP-A-IL9003 Comprehensive General Liability 1
Employers Casualty Company CAF-A-649005 Comprehensive General Liability
Auto Physical Damage
II
Uninsured Motorist
Republic Insurance Company PF 1868 Public Officials Liability
II
-148- '
I
IEXHIBIT XIV
Page 1 of 2
I
I
AMOUNT CO-INSURANCE BEGINS TERM PREMIUM
I
I80% 12-01-84 1 year $ 19,818
$2,415,900
868,000
90% 10-01-84 1 year 2,515
I
$500,000
I $90,000 90% 9-01-85 15 months 904
$359,647 - 12-01-84 1 year 5,681
I
$163,400 _ 8-03-85 1 year' 708
$100,000
$177,100 - 2-06-85 1 year 304
I $38,300 -
$220,000 - 2-22-85 1 year 434
I $23,100 -
$27,500 - 4-27-85 1 year 131
111
$10,500 -
I $500,000 - 12-01-84 1 year 23,922
$500,000 - 12-01-84 1 year 43,420
I $100,000 -
$1 ,000,000 - 12-01-84 1 year 2,075
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I
SCHEDULE OF INSURANCE IN FORCE - 2 of 2
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1985
LOCATION 1
OR
INSURER POLICY NO. ACTIVITY COVERAGE
LIABILITY (Continued)
Omaha Indemnity 0I1932137639 Flood: Library Building
Contents
National Flood Insurance OI1940990565 Flood: Public Works Building
Contents
National Flood Insurance 0I2001256227 Flood: Fire Station #1 Building
Contents 1
National Flood Insurance OI2001944988 Flood: Counseling Center Building
Contents
ACCIDENT
American States Insurance Co. MP 4407 Volunteer Accidental Injury '
Firemen
WORKERS' COMPENSATION '
Texas Political Subdivision H0088 City All Employees
Workers' Compensation Fund
FIDELITY
Aetna Casualty and Surety Co. 61S035126 Bond - Director of Administrative
Services
Aetna Casualty and Surety Co. 61S022939 Bond - City Manager
Aetna Casualty and Surety Co. 61S355388 Bond - Building Inspector
Aetna Casualty and Surety Co. 615025187 Bond - Tax Assessor
St. Paul Insurance Co. 400FL8623 Bond - All Employees
I
-150- 1
I
IEXHIBIT XIV
Page 2 of 2
I
I
AMOUNT CO-INSURANCE BEGINS TERM PREMIUM
I
I $163,000 - 8-05-85 1 year 708
$100, 00
$177,100 - 2-06-85 1 year 304
I $38,300
$220,000 - 2-22-85 1 year 434
I $23,100
$275,000 - 4-27-85 1 year 131
I $10,500
I $50,000 - 3-27-85 1 year 1 ,690
I Statutory - 10-01-84 1 year 41 605
,
I
I $50,000 - 6-15-85 1 year 140
I
$50,000 - 5-16-85 1 year 200
$2,000 - 2-01-85 1 year 30
1 $50,000 - 11-29-84 1 year 463
$10,000 - 10-01-84 1 year 239
I $145,856
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I -151-
I
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS EXHIBIT XV
CITY OF FRIENDSWOOD
Last Two Fiscal Years
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 $486,902,520
1985 18,500 2,852,239 26,039,294 28,891 ,533 68,838,559 598,869,520
Sources - City records; Community National Bank, Friendswood;
Texas Commerce Bank, Friendswood; and Tax assessor-collector
records.
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1
MISCELLANEOUS STATISTICAL DATA - 1 of 3 EXHIBIT XVI
CITY OF FRIENDSWOOD, TEXAS
September 30, 1985
Date of Incorporation October 15, 1960
Date of present charter Adopted Home Rule Charter
October 16, 1971
' Form of Government Council - Manager
Area 19.2 Square Miles
11
Miles of streets and sidewalks
' Streets - paved 74.4 miles
Streets -- unpaved 9.2 miles
Sidewalks 1 .0 miles
' 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 14
Recreation
' Number of parks 5
Size of parks 10.7 acres, 12.6 acres, 6 acres,
' 16.7 acres, 4.5 acresNumber of golf courses 0
Number of swimming pools 0
Number of tennis courts 4
Storm Sewers
Miles of storm sewer 23.5 miles
-153-
I
MISCELLANEOUS STATISTICAL DATA - 2 of 3 EXHIBIT XVI
I
1
Population
1976 8,281
1977 9,016
1978 10,094
1979 10,301
1980 10,719
1981 11,169
1982 11,770
1983 12,530
1984 17,365
1985 18,500 1
Building Permits
1975-76 $10,215,105 1
1976-77 7,441,381
1977-78 16,395,154
1978-79 17,444,441
1979-80 12,893,393
1980-81 13,197,941
1981-82 15,102,000
1982-83 31 ,211,841
1983-84 31,379,139
1984-85 28,891,533
Education
Friendswood Independent School District
Number of teachers 218
Number of students 3,198
City employees 1
Departments Heads 10
Employees 91 1 Total 101
Election
Number of votes cast
Last City election 1 ,344
11
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-154- ,
1
MISCELLANEOUS STATISTICAL DATA - 3 of 3 EXHIBIT XVI
Water
' Source 5 wells
Average daily consumption 1 ,909,499 gallons
Maximum daily consumption 2, 100,000 gallons
Water mains 68.1 miles
Number of connections 5,338
Sewer
Average daily capacity 2,200,000 gallons
Maximum daily capacity 2,660,000 gallons
Sanitary sewer mains 67.3 miles
Number of connections 5,061
._1Cc
PRINCIPAL OFFICIALS
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1985
II
CITY OFFICIALS ADDRESS ELECTIVE POSITION I
Ralph Lowe P.O. Box 226 Mayor
Leon Brown 314 S. Friendswood Drive Councilman - Position No. 1 II
Robert Wicklander 1109 Myrtlewood Councilman - Position No. 2
Evelyn B. Newman 502 Falling Leaf Councilwoman - Position No. 3
Phyllis J. Lee P.O. Box 693 Councilwoman - Position No. 4
Jan Jordan 908 Pine Hollow Councilwoman - Position No. 5 II
Joe D. Prihoda 1325 McKissick Councilman - Position No. 6
APPOINTIVE POSITION II
James C. Morgan 207 Chelsea Lane City Manager IISamuel J. Watson 1018 Killarney Director of Administrative
Services
Joseph M. Wright 204 E. Heritage Police Chief
Melvin Meinecke 1602 Dallas, South Houston Director of Public Works
Luis Suarez 723 Main, Suite 707, Houston Judge - Municipal Court II
Nick Capuano 4212 Lucian, Friendswood Building Inspector IIVance Riley P.O. Box 5957, Coll. St. Fire Marshal
Dr. Richard Conway 505 Friendswood Drive Health Officer
Alta Carbone P.O. Box 31, Friendswood Tax Assessor - Collector
Deloris McKenzie 109 Willowick City SecretaryII
Olson & Olson 3485 Capital Bank Plaza
Houston City Attorney
Cecil Chance 207 Brandywyne Water and Sewer
Superintendent 11
Kenneth Camp 203 Shady Nook Civil Defense Director
I
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-156- 1
' EXHIBIT XVII
t
AMOUNT OF
TERM EXPIRES SURETY BOND
April 1986 NONE
' April 1986 NONE
April 1987 NONE
April 1986 NONE
April 1987 NONE
' April 1986 NONE
April 1987 NONE
1
' 50,000
50,000
NONE
' NONE
NONE
2,000
NONE
NONE
50,000
' NONE:
NONE
' NONE:
NONE
1
1
1
' -157-