HomeMy WebLinkAbout1992 09 30 Annual Comprehensive Financial Report - City of Friendswood r
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COMPREHENSIVE ANNUAL FINANCIAL REPORT
CITY OF FRIENDSWOOD, TEXAS
For the fiscal year ended
September 30, 1992
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' Prepared by
Finance Department
Roger C. Roecker
t Director of
Administrative Services
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CONTENTS
Exhibit Age
INTRODUCTORY SECTION
Letter of Transmittal 11
Certificate of Achievement 21
Organization Chart 23
Principal Officials 24
FINANCIAL SECTION
' Independent Auditors' Report 27
General Purpose Financial Statements
Combined Balance Sheet - All Fund Types and
Account Groups 30
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
Types 34
' Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
General, Special Revenue and Debt Service
Fund Types 36
Combined Statement of Revenues, Expenses and
' Changes in Retained Earnings/Fund Balance -
Proprietary Fund Type and Non-Expendable Trust Fund 38
' Combined Statement of Cash Flows - Proprietary
Fund Type and Non-Expendable Trust Fund 40
Notes to Financial Statements 44
Combining, Individual Fund and Account Group
Statements and Schedules
' General Fund
Comparative Balance Sheets A-1 72
Statement of Revenues and Expenditures -
Budget and Actual A-2 73
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CONTENTS - 2
Exhibit P gg
FINANCIAL SECTION (continued)
Schedule of Expenditures - Budget and
Actual - By Object A-3 74
Special Revenue Funds
Combining Balance Sheet B-1 82 I
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances B-2 84
Parks and Recreation Fund
Comparative Balance Sheets B-3 85
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual B-4 86
Mowing Fund
Comparative Balance Sheets B-5 87 1
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual B-6 88
Police Investigation Fund
Comparative Balance Sheets B-7 89
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-8 90
Fire/EMS Fund
Comparative Balance Sheets B-9 91
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual B-10 92
Debt Service Fund
Comparative Balance Sheets C-1 94
Statement of Revenues, Expenditures I
and Changes in Fund Balance -
Budget and Actual C-2 95
Capital Projects Fund
Comparative Balance Sheets D-1 98 1
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ICONTENTS- 3
I Exhibit Pa e
FINANCIAL SECTION (continued)
Statement of Revenues, Expenditures
I and Changes in Fund Balance -
Budget and Actual D-2 99
Enterprise Fund
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Comparative Balance Sheets E-1 102
IStatement of Revenues, Expenses and
Changes in Retained Earnings -
Budget and Actual E-2 104
ISchedule of Operating Expenses -
Budget and Actual E-3 105
ISchedule of Revenue Bonds Payable E-4 107
Revenue Bonds Payable - By Maturity Date E-5 108
ICertificates of Obligation - By Maturity Date E-6 109
ITrust Fund
Combining Balance Sheet F-1 112
I1776 Park Trust Fund
Comparative Balance Sheets F-2 113
IComparative Statements of Revenues, Expenses
and Changes in Fund Balances F-3 114
1 Deferred Compensation Agency Fund
Statement of Changes in Assets and Liabilities F-4 115
IGeneral Fixed Assets Account Group
I Comparative Schedules of General Fixed Assets -
By Source G-1 118
Schedule of General Fixed Assets - By Function
Iand Activity G-2 119
Schedule of Changes in General Fixed Assets -
IBy Function and Activity G-3 120
General Long-Term Debt Account Group
IStatement of Changes in General Long-Term Debt H-1 122
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CONTENTS- 4
Exhibit Page
FINANCIAL SECTION (continued)
Schedule of General Long-Term Debt H-2 125
General Long-Term Debt By Maturity Date H-3 126
Compound Bonds - Accrued Interest Schedule H-4 129
Schedules
Schedule of Delinquent Taxes Receivable I-1 133 I
Schedule of Impact Fees 1-2 134
Schedule of Texas Municipal Retirement I
System Analysis of Funding Progress 1-3 136
STATISTICAL SECTION I
General Revenue - By Source I 140
General Governmental Expenditures - By Function II 142 I
Tax Revenues - By Source III 145 I
Property Tax Levies and Collections IV 146
Assessed and Estimated Actual Value of I
Taxable Property V 148
Property Tax Rates and Tax Levies - Direct and VI 150 I
Overlapping Governments
Ratio of Net General Obligation Bonded Debt to
Assessed Value and Net General Obligation
Bonded Debt Per Capita VII 152
Computation of Net Direct and Estimated I
Overlapping Debt VIII 154
Ratio of Annual Debt Service Expenditures for
General Long-Term Debt to Total General
Expenditures IX 155
Tax Rate Distribution X 157 I
Revenue Bond Coverage XI 158
Principal Taxpayers XII 160 I
Property Value, Construction and Bank Deposits XIII 161 I
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CONTENTS- 5
ISTATISTICAL SECTION (continued) Exhibit Page
Demographic Statistics XIV 163
Schedule of Insurance In Force XV 164
Miscellaneous Statistical Data XVI 168
Principal Officials XVII 170
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109 WILLOWICK (713)482-3323
" FRIENDSWOOD, TEXAS 77546 - 3898
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December 18, 1992
Honorable Mayor and Members of
the City Council
City of Friendswood, Texas
The comprehensive annual financial report of the City of Friendswood for the fiscal year ended
September 30, 1992, is hereby submitted. Responsibility for both the accuracy of the data, and the
completeness and fairness of the presentation, including all disclosures, rests with the City. To the
best of our knowledge and belief, the enclosed data are accurate in all material respects and are
' reported in a manner designed to present fairly the financial position and results of operations of the
various funds and account groups of the City. All disclosures necessary to enable the reader to gain
an understanding of the City's financial activities have been included.
The comprehensive annual financial report is presented in three sections: introductory, financial,and
statistical. The introductory section includes this transmittal letter,the City's organizational chart and
a list of principal officials. The financial section includes the general purpose financial statements
and the combining and individual fund and account group financial statements and schedules, as well
as the auditors' report on the financial statements and schedules. The statistical section includes
selected financial and demographic information, generally presented on a multiyear basis.
The Single Audit Act is not applicable for fiscal year ended September 30, 1992. There are no major
or nonmajor Federal Financial Assistance programs.
This report includes all funds and account groups of the City. Friendswood Independent School
District, Clear Creek Independent School District, Galveston County, Harris County, Clear Creek
Drainage District, Gulf Coast Waste Disposal Authority, City of Houston and Friendswood Volunteer
Fire Department have not met the established criteria for inclusion in the reporting entity and,
accordingly, are excluded from this report.
The City is involved in two cost sharing projects for the operation of the Blackhawk Regional Waste
1 Treatment Plant and the Southeast Water Purification plant with the Gulf Coat Waste Disposal
Authority and the City of Houston, respectively. The City's share of ownership in the Blackhawk
Waste Treatment Plant is 52.71% and paid operating and management fees during the year in the
' amount of$637,889. The City's share of production pumping cost in the Southeast Water Purification
plant was 3.75% and paid operating fees in the amount of $359,643 during the year.
The City provides a full range of services, including City administration,traffic planning, inspection
services, municipal court services and a library. However, the services that affect most citizens on
a day-to-day basis are described as follows:
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1. Water and Sewer
The City provides water and sewer services for residential and commercial locations. Eighteen
employees are responsible for maintaining the system, as well as billing and collecting for the
services.
2. Police
Twenty-four hour coverage is provided by the City's police department, which consists of
Patrol, Investigative, Communications, Emergency Management and Animal Control. A goal
of the department and its forty full-time personnel is to actively involve the citizens in its
community safety efforts.
3. Fire
Although the City does not employ its own fire department, it purchases fire trucks and other
equipment for the eighty-seven member volunteer fire department. The City employs a fire
marshal, one full-time fire fighter, a part-time clerk and funds two fire fighters, and two
paramedic/emergency medical technician positions through a pool of part-time employees.
4. Streets 1
The street department is responsible for the repair and maintenance of all City streets and
roadside drainage. This department consists of thirteen employees.
5. Sanitation
The City's solid waste services, including curbside pickup of recyclable materials, are
contracted to a private firm. Residential pickup is twice weekly.
6. Parks I
The parks and recreation department maintains 57 acres of park land, including four tennis
courts, a swimming pool and picnic areas. The staff consists of seven full-time employees, as
well as part-time and seasonal employees for the swimming pool, summer camp, sports
activities and other park functions.
ECONOMIC CONDITION AND OUTLOOK
The City of Friendswood, Texas, is located 20 miles southeast of downtown Houston in Harris and
Galveston Counties. With an estimated population of more than 25,000,the City has grown to be one
of the 75 largest cities in the state. During the past year, the area's economic growth continued in all
of the Gulf Coast's industries, except construction and finance. Service industries led the year's job
growth, followed by local government, transportation and manufacturing. Much of the job growth
in services is directly attributable to health and biomedical firms located in the Texas Medical Center
in Houston, as well as aerospace firms working on projects for NASA's Johnson Space Center (JSC).
JSC Visitor's Facility was expanded during the year. This facility is expected to more than double
the number of visitors from 800,000 to more than 2,000,000 and result in an overall economic impact
of about $100 million annually. Funding approval for the JSC space station project and continued
diversification of the area's economy indicate continued growth for the Friendswood/Gulf Coast area.
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MAJOR INITIATIVES
For the Year. During the 1991-92 budget preparation,the City identified several important programs
needed to meet citizens' needs for services and to safeguard the environment, in conformity with
applicable federal and state standards. The following items will provide a summary of these programs.
111 1. Streets
1991-92 was the eighth year of the City's street improvement program. The following streets
were a part of this project: Falling Leaf, Spreading Oaks, Melody Lane, Myrtlewood, Rustic
Lane, Shady Nook,Winding Way, E. Castlewood, Quaker Bend, E. Viejo, and Rancho Drive.
' A sidewalk along Whispering Pines from Blackhawk Boulevard to Stevenson Park on
Friendswood Drive was planned. A contract for approximately $89,000 was awarded.
2. Water and Sewer
Repairs to sanitary sewer lines and an infiltration and inflow (I&I) analysis were budgeted at
almost $84,000.
' Water and sewer lines were relocated to accommodate widening of FM 2351 and FM 528. Over
$700,000 was expended in 1991-92 on these projects. These roadways are the two most direct
entrances to the City from IH 45. The project will increase the ease with which citizens and
visitors make their way into and out of the City.
3. Parks and Recreation
The first phase of the master development plan for Stevenson Park was completed. This work
included the installation of a disabled,accessible playground system,jogging trail,signage and
landscaping.
4. City Hall Remodeling
Expansion of the police department facilities was completed. This construction included
enlarging the computer room to house the System/36 computer that was transferred from
Administrative Services to facilitate the implementation of computer aided dispatching. The
Sergeants office, darkroom, lab and support services offices were remodeled as a part of this
project.
5. Fire and EMS
The City agreed to replace one of its three ambulances. Two are equipped to satisfy mobile
intensive care unit standards. The new ambulance was provided at a cost of $69,151.
For the Future.
1. Administration
A couple of pieces of federal legislation will require planning, changing operating procedures
and the outlay of local funds to come into compliance. These are the Americans With
Disabilities Act (ADA) and the amendments to the Clean Air Act of 1990.
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The ADA will require that all services and programs offered to those without disabilities, be
made available to the disabled community. This will mean in part, that all City facilities be
surveyed to insure they are in compliance with ADA regulations and accessible to the disabled.
Some facilities will certainly require renovation.
The City will also have to prepare a plan to comply with Clean Air Act provisions. These
include preparation of a plan to increase the City's average vehicle occupancy for work-related
trips to 25% over the area average. We will also be required to purchase vehicles that operate
on "clean fuels" several years in the future.
2. Library 1
The Friendswood Public Library currently resides in a 7,850 sq. ft.building at 416 Morningside
Drive along with the library annex, known as the Little Library House at 108 Spreading Oaks.
The City has recognized the library programs have outgrown its current facilities. As a result,
plans are underway to acquire a new building located at 416 South Friendswood Drive. The
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public library will relocate after remodeling is completed in 1993.
3. Streets
$400,000 is budgeted for concrete construction and overlaying streets with hot mix asphalt.
A sidewalk along Friendswood Drive from Stevenson Park to West Shadowbend is also included
in the budget. The projected cost is $50,000.
4. Park and Recreation
Over $190,000 of capital improvements to upgrade the City's parks are scheduled during 1992-
93. The second phase of the master development plan for Stevenson Park will include the
construction of a pavilion, renovation of the restroom facilities and paving of Shadwell Lane.
Other improvements include additional parking at Renwick Park and restroom renovations at
Leavesley Park.
5. Water and Sewer
Repairs to sanitary sewer lines and an infiltration and inflow(I&I)analysis have been budgeted
to the tune of $84,000.
$300,000 was budgeted for right-of-way acquisition and water and sewer line relocations on
FM 528 between FM 518 and IH 45. 1
The South Friendswood Sewer Interceptor Project is currently being designed. This project will
consist of over two miles of gravity sewer main ranging from 24 to 36 inches in diameter,a new 1
wastewater pumping station and over one mile of 20-inch force main. Construction of this
project will allow further development of the southern part of the city and ultimately will allow
the abandonment of the Tower Estates Wastewater Treatment Plant. Cost of the project is
estimated at over $2,900,000.
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3 Department Focus. Each year the City will select a department to highlight for its efforts and
accomplishments. For 1991-92, the Public Works Department has been chosen for review.
The Public Works Building is located at 1306 Deepwood. This facility houses all of the Public Works
staff, as well as the Community Development Department.
Public Works administration, comprised of the department director, a utilities superintendent, two
secretaries and a receptionist, is responsible for the following functions:
11 • Street Operations: Responsible for properly maintaining approximately 110 miles of streets.
Street construction is accomplished by contracting this work out. Approximately 9,000 linear
feet of streets were reconstructed and over 16,000 feet of joints and cracks were sealed during
the prior year. 6.7 full time equivaents (fte's) are assigned to this area of Public Works.
• Drainage Operations: 3.3 fte's are responsible for maintaining the roadside drainage systems.
These individuals maintain and excavate roadside ditches, clean and reset pipe and reconstruct
3 driveways.
• Sanitation Operations: Solid waste services are contracted to a private company. Billing for
I commercial accounts is done by this company as well. Residential customers are billed by the
utility billing section of Administrative Services.
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• Water Operations: Responsible for operation and maintenance of all water facilities, including
seven water wells and a surface water station, approximately 90 miles of distribution lines and
500 fire hydrants. This is accomplished through three laborers,an equipment operator, a plant
operator and a foreman. This area of Public Works was responsible for maintaining the proper
3 ratio of surface and ground water being supplied to our customers. Approximately 249 million
gallons were pumped from the City's wells. More than 669 million gallons of water were
distributed through the surface water system.
I • Sewer Operations:This section is responsible for operating and maintaining one treatment plant,
23 lift stations and approximately 90 miles of lines with 800 manholes. Five full-time
personnel are responsible for this effort.
IFINANCIAL INFORMATION
1 Management of the City is responsible for establishing and maintaining an internal control structure
designed to ensure that the assets of the City are protected from loss, theft or misuse and to ensure
that adequate accounting data are compiled to allow for the preparation of financial statements in
conformity with generally accepted accounting principles. The internal control structure is designed
to provide reasonable, but not absolute, assurance that these objectives are met. The concept of
reasonable assurance recognizes that: (1) the cost of a control should not exceed the benefits likely to
be derived; and (2) the valuation of costs and benefits requires estimates and judgments by
Imanagement.
Budgeting Controls. In addition, the City maintains budgetary controls. The objective of these
budgetary controls is to ensure compliance with legal provisions embodied in the annual appropriated
I budget approved by City Council. Activities of all funds are included in the annual appropriated
budget. The level of budgetary control (that is,the level at which expenditures cannot legally exceed
the appropriated amount) is established by department within an individual fund. The City also
I maintains an encumbrance accounting system as one technique of accomplishing budgetary control.
Encumbered amounts lapse at year end. However,encumbrances generally are reappropriated as part
of the following year's budget.
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As demonstrated by the statements and schedules included in the financial section of this report, the
City continues to meet its responsibility for sound financial management.
General Government Functions. Revenues for general government functions (General, Special
Revenue and Debt Service Funds) totaled $7,994,436 in 1991-92 an increase of $459,012 over
1990-91. General property taxes produced 62.02 percent of the general revenues compared to
63.02 percent the preceding year. Sales taxes produced 10.06 percent of the general revenues
compared to 9.81 percent the preceding year. The amount of revenue from various sources and the
increase or (decrease) over the preceding year are shown in the following tabulation:
Increase
1991-92 Percent Decrease
Revenue Sources Amount of Total Over 1990-91
General property taxes $4,958,863 62.02 $209,690 !!
Franchise taxes 541,841 6.78 85,275
Sales taxes 804,453 10.06 65,237
Other taxes 3,952 .05 443
Sanitation 780,604 9.76 47,3591!
Fines and forfeitures 171,154 2.14 4,799
Permits and fees 337,539 4.22 51,118
Donations 57,638 .72 1,043
Intergovernmental 34,006 .43 5,365
Interest income 153,558 1.92 (79,215)
Other 150.828 1.90 67,898
TOTAL $7.994,436 100.00% $459,012
Assessed valuations of$806,261,160 represented an increase of 5.86 percent over the preceding year.
Assessed valuations are at 100% of market value as determined by the Galveston County and Harris
County Appraisal Districts. The assessed tax levy at October 1, 1991, relating to the fiscal year
1991-92 was $4,869,697 after adjustments, an increase of 5.03 percent over the tax levy at October 1,
1990. Current tax collections were $4,782,350, 98.20 percent of the tax levy, up $221,241 from last
year. The ratio of total collections (current and delinquent) to the current tax levy was 100.38
percent, a decrease of .47 percent from last year.
The City had a total of $306,418 in delinquent taxes outstanding as of September 30,1992 which
represents 6.29 percent of the current tax levy.
Delinquent tax collections were $106,158, down $8,218 from last year. Penalties and interest
collections totalled $70,355, a decrease of $2,916 over the prior year.
Growth in new home construction contributed to the increase in business gross receipts taxes,general
sales taxes,permits and fees and sanitation revenues. The total amount of new construction for 1991-
92 was $63,126,050, up from $46,975,722 for 1990-91, an increase of 34.38 percent.
The City began a recycling program February 1, 1991 with each customer paying a $1.00 recycling
fee. Total customer recycling fees collected were $86,627. Total gross revenues from recyclable was
$64,535. The City's net profit for recycling during 1991-92 was $11,672.
1991-92
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Gross recycling revenue $64,535
Less processing fees 52,863
NET RECYCLING REVENUE $11,672 I!
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Other income increased in 1991-92 due to insurance reimbursements and additional revenues from
the Federal U.S. Marshal's Office.
IAllocations of property tax levy by purpose for 1991-92 and the preceding two fiscal years are as
follows (tax rate per $100 of assessed value):
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Purpose 1991-92 1990-91 1989-90
General Fund $ .509 $.50876 $.5333
General Obligation Debt .186 .18624 .1617
TOTAL TAX RATE $.6950 $.69500 $.6950
Expenditures forgeneralgovernment purposes totaled $8,440,480, an increase of 714 357 from
P P P $ ,
1990-91. Increases or(decreases)in the levels of expenditures for major functions of the City for the
3 preceding year are shown in the following tabulation:
Increase
1991-92 Percent (Decrease)
Function Amount of Total Over 1990-91
General Government $1,112,882 13.19% $ 27,199
I Public Safety 3,061,016 36.27 582,452
Public Works 1,537,447 18.21 15,606
Community Development 326,854 3.87 37,353
Community Services 1,087,039 12.89 38,433
3 Debt Service 1,315,242 15.57 13,314
TOTAL $8,440,480 100.00% $714,357
Public safety expenditures increased by $582,452 due primarily to purchasing a number of capital
items. These include a fire truck and related equipment, $244,134; eight cars for the police
I department and Friendswood Volunteer Fire Department (FVFD), $109,013; various kinds of radio
equipment and an equipment building, $91,545; and a new ambulance for the emergency medical
services division of the FVFD, $69,151. It should be noted that all increases were planned for and
budgeted.
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Fund balances in the major operating funds were maintained at budgeted levels. The General Fund
Balance of$1,366,637 was down $68,360 from the preceding year;the Debt Service Fund balance of
3 $78,244 was up $27,388 from the preceding year;the Capital Projects Fund balance of$706,073 was
up $351,063 from the prior year; and Special Revenue Fund balances of$10,481 was down $61,091
from the prior year.
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Enterprise Fund Operations. The water and sewer utility continued to show gains in number of
customers. Comparative data for the past two fiscal years are presented in the following tabulation:
Year Ended Sept. 30,
1992 1991
Operating revenue $3,567,379 $3,378,322
Operating expenses before depreciation 2.063,694 1,857.809
Net Operating Revenue Available
For Debt Service $1,503,685 $1.520,513
Debt service $ 173,916 $ 176.906
Coverage (income available for debt
service divided by annual debt service) 8.65 8.60
Number of customers - sewer 7,171 6,983
Number of customers - water 7,521 7,336
The Enterprise Fund,which is used to account for utility operations,had maintained retained earnings
of $4,230,811 and $4,674,170 as of September 30, 1992 and 1991, respectively. These retained
earnings balances are considered adequate based on the operating needs of the water and sewer utility.
Non-expendable Trust Fund Operation. The Non-expendable Trust Fund is comprised of assets held
by the City for the 1776 Park. Activity in this fund resulted solely from interest earnings during the
years ended September 30, 1992 and 1991 of$1,172 and $1,934 and fund balances were $85,139 and
$83,967 as of September 30, 1992 and 1991, respectively.
Debt Administration. The ratio of net bonded debt to assessed valuation and the amount of bonded
debt per capita are useful indicators of the City's debt position to municipal management,citizens and
investors. These data for the City of Friendswood at the end of the 1991-92 fiscal year were as
follows:
Ratio of Debt to
Assessed Value Debt
(100 Percent of Per
Description Amount Present Market) Capita
Net direct bonded debt $ 6,497,534 .81% $ 253
Overlapping debt 344,238,851 42.69 13,405
Total direct and
overlapping debt $350,736,385 43.50% $13,658
Cash Management. Cash temporarily idle during the year was invested in Texpool. Yields on Texpool
ranged from 6.02 percent to 4.36 percent during the year ended September 30, 1992. Interest earned
for the year was $241,899, down $171,478 from the preceding year. This decrease was due to the
decline in interest rates during this fiscal year.
The City's investment policy is to minimize credit and market risks while maintaining a competitive
yield on its portfolio. Accordingly, deposits were either insured by federal depository insurance or
collateralized. All collateral on deposits was held by a financial institution's trust department in the
City's name. All investments held by the City during the year and at September 30, 1992 which were
subject to categorization are classified in the category of lowest credit risk as defined by the
Governmental Accounting Standards Board. The investment in TexPool is not subject to
categorization of credit risk since it is an investment pool managed by another government.
Risk Management. The City, for 1992, has not implemented a plan for assumption of risk of loss.
Currently third party coverage is relied upon.
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OTHER INFORMATION
Independent Audit. The City Charter requires an annual audit of the financial statements of all of
the various funds of the City by independent certified public accountants. The accounting firm of
LAIRSON,STEPHENS AND REIMER,P.C.,CPA's,was selected and their opinion has been included
' in this report.
Awards. The Government Finance Officers Association (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the CITY OF FRIENDSWOOD, for its
comprehensive annual financial report for the fiscal year ended September 30, 1991. This was the
fifth consecutive year that the City has received this prestigious award. In order to be awarded a
Certificate of Achievement, the City published an easily readable and efficiently organized
comprehensive annual financial report. This report satisfied both generally accepted accounting
principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
comprehensive annual financial report continues to meet the Certificate of Achievement Program's
requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
Acknowledgments. The preparation of the comprehensive annual financial report was made possible
by the dedicated service of the entire staff of the Administrative Services Department. Each member
of the department has my sincere appreciation for the contributions made in the preparation of this
I report.
In closing, I also express my thanks to the Mayor, members of the City Council and the City Manager
for their leadership, interest and support in conducting the financial operations of the City in a
responsible and progressive manner.
Sincerely,
49-ediz
Roger C. Roecker
Director of Administrative Services
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Certificate of
Achievement
1 for Excellence
in Financial
Reporting
Presented to
1
City of Friendswood,
Texas
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
September 30, 1991
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports(CAFRs) achieve the highest
standards in government accounting
and financial reporting.
�jIN�OA
snow-00 SEAL
President
anent
r‘ciee
cutive Director
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M M I M I N M I M MS M A M En M M NMI
MAYOR G COUNCIL
CITY SECRETARY
APPOINTED BOARDS FRIENDSWOOD CITY MUNICIPAL CITY
AND AD HOC VOLUNTEER ATTORNEY JUDGE PROSECUTOR
COMMITTEES FIRE DEPARTMENT
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CITY MANAGER
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FIRE
- DEPARTMENT
ADMINISTRATIVE POLICE FIRE MARSHAL PUBLIC WORKS COMMUNITY LIBRARY PARKS AND
SERVICES DEVELOPMENT RECREATION
PRINCIPAL OFFICIALS
CITY OF FRIENDSWOOD, TEXAS I
September 30, 1992
MAYOR
Evelyn B. Newman I
Councilmember Councilmember
Position No. 1 Position No. 4
Kitten Hajecate Ed Stuart
Mayor Pro-Tem
Councilmember Councilmember
Position No. 2 Position No. 5
Mel P. Measeles Harold Raley
Councilmember Councilmember
Position No. 3 Position No. 6
Tom Manison Frank Frankovich 111
City Manager I
Ronald E. Cox
City Secretary Tax Assessor/Collector
Deloris McKenzie Alta Carbone 1
Director of Administrative Services 1
Roger C. Roecker
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LAIRSON•STEPHENS•REIMER,P.C.
iivt,tcrl Ru,rurs,:lrfl i.v,r, truce f9-.0
INDEPENDENT AUDITORS' REPORT
Honorable Mayor and Members of
' City Council
City of Friendswood, Texas
We have audited the accompanying general purpose financial statements of the City of Friendswood,
Texas and the combining, individual fund and account group financial statements of the City of
' Friendswood,Texas as of and for the year ended September 30, 1992,as listed in the table of contents.
These financial statements are the responsibility of the City of Friendswood,Texas management. Our
responsibility is to express an opinion on these financial statements based on our audit.
' We have conducted our audit in accordance with generally accepted auditing standards. These
standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An audit includes examining on a test
' basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to above present fairly, in all
material respects,the financial position of the City of Friendswood,Texas at September 30, 1992,and
' the results of its operations and the cash flows of its proprietary and non-expendable trust fund for
the year then ended, in conformity with generally accepted accounting principles. Also, in our
opinion, the combining, individual fund and account group financial statements referred to above
' present fairly, in all material respects, the financial position of each of the individual funds and
account groups of the City of Friendswood,Texas at September 30, 1992,and the results of operations
of such funds and the cash flows of individual proprietary and non-expendable trust funds for the
year then ended, in conformity with generally accepted accounting
' principles.
1
1
1 Certified Public Accountants
1-16 Mangum,Suite 300
Houston,Texas 77092
Tel.(713)681-8500 Fax(713)681-9043
-27-
1
Honorable Mayor and Members of
City Council
1 City of Friendswood, Texas
Page Two
1
Our audit 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 account group financial statements. The
accompanying financial information listed as schedules in the table of contents is presented for
purposes of additional analysis and is not a required part of the financial statements of the City of
Friendswood, Texas. The information in these schedules has been subjected to the auditing
procedures applied in the audit of the general purpose,combining,individual fund and account group
financial statements and, in our opinion, is fairly stated in all material respects in relation to the
financial statements of each of the respective individual funds and account groups, taken as a whole.
111
0.A4a_fix 3,14"4.) /Ye.,‘AW,C) Pam.
Houston, Texas
December 18, 1992
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CITY OF FRIENDSWOOD TEXAS
COMBINED BALANCE SHEET-ALL FUND TYPES
AND ACCOUNT GROUPS
September 30, 1992
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
ASSETS AND OTHER DEBITS
ASSETS
EQUITY IN POOLED CASH AND
INVESTMENTS $2,190,002 $ 78,244 $717,066
RECEIVABLES - net where applicable,
of allowances for uncollectibles
Property taxes 223,198 83,221 '
Accounts 161,823
Interest
PREPAID EXPENDITURES AND OTHER
ASSETS 48,074 2,383
RESTRICTED ASSETS
Equity in pooled cash and
investments $10,481
Investment
Land
Blackhawk operating fund deposit
GENERAL FIXED ASSETS - at cost
PROPERTY, PLANT AND EQUIPMENT -
at cost less accumulated11
depreciation - Note 4
DUE FROM OTHER FUND
CERTIFICATE OF OBLIGATION ISSUANCE
COSTS - net of amortization
OTHER DEBITS
Amount available in debt service
funds
Amount to be provided for
retirement of general
long-term debt
TOTAL ASSETS AND OTHER DEBITS $2,623,097 $10,481 $161,465 $719,449
I
1
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II
II
II loft
IIFIDUCIARY
PROPRIETARY FUND TYPE TOTALS
II FUND TYPE NON- ACCOUNT GROUPS (MEMORANDUM ONLY)
EXPENDABLE GENERAL FIXED GENERAL LONG-
ENTERPRISE TRUST ASSETS TERM DEBT 1992 1991
II
II
$ 1,051,938 $ 4,037,250 $ 4,185,456
II 306,419 339,731
590,323 752,146 646,700
- 357
I12,582 63,039 130,192
II 421,643 $ 27,939 460,063 480,516
305,671 305,671 251,100
57,200 57,200 57,200
II 129,191 129,191 120,436
$19,623,096 19,623,096 18,594,406
II21,527,158 21,527,158 21,226,587
I
205 205 -
27,383 27,383 29,665
II
$ 78,244 78,244 50,856
II6,587.534 6,587,534 7.444,922
II
$23,760,423 $390,810 $19,623,096 $6,665,778 $53,954,599 $53,558,124
I
IISee notes to financial statements.
I -31-
CITY OF FRIENDSWOOD TEXAS
COMBINED BALANCE SHEET-ALL FUND TYPES :1
AND ACCOUNT GROUPS
September 30, 1992
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL
GENERAL REVENUE SERVICE PROJECTS
11
LIABILITIES, EQUITY AND OTHER CREDITS
LIABILITIES
ACCOUNTS PAYABLE AND
ACCRUED LIABILITIES $ 447,2864 $ 13,376
COMPENSATED ABSENCES 538,898r
PAYABLE FROM RESTRICTED ASSETS
Accrued interest
Revenue bonds and certificates
of obligation - current portion
Deposits
DEFERRED REVENUE 270,071' $ 83,221
DUE TO OTHER FUNDS 205/
REVENUE BONDS
GENERAL OBLIGATION BONDS
CERTIFICATES OF OBLIGATION
DEFERRED COMPENSATION BENEFITS
PAYABLE
TOTAL LIABILITIES 1,256,460 83,221 13,376
EQUITY AND OTHER CREDITS 1
INVESTMENT IN GENERAL FIXED ASSETS
CONTRIBUTED CAPITAL - Note 14
RETAINED EARNINGS 1
Reserved for revenue bond
retirement
Reserved for construction
Unreserved
FUND BALANCES
Reserved for prepaid expenditures 48,074 2,383
Reserved for encumbrances 175,146 182,553
Reserved for endowments
Reserved for expenditures $10,481
Reserved for construction 521,137
Reserved for debt service 78,244
Unreserved
Designated for emergency
operations 700,000
Undesignated 443,417
TOTAL EQUITY AND OTHER CREDITS 1.366.637 10,481 78,244 706,073
TOTAL LIABILITIES, EQUITY AND
OTHER CREDITS $2 623.097 $10,481 $161,465 $719.449
1
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II
1 2of2
IFIDUCIARY
PROPRIETARY FUND TYPE TOTALS
I
FUND TYPE NON- ACCOUNT GROUPS (MEMORANDUM ONLY)
EXPENDABLE GENERAL FIXED GENERAL LONG-
ENTERPRISE TRUST ASSETS TERM DEBT 1992 1991
II
Is 262,082 /
$ 722,744 $ 714,345
49,027 587,925 534,995
II 27,589 27,589 28,966
250,000 ' 250,000 235,000
121,865 ✓ 121,865 80,065
II
353,292 378,028
205 -
465,000 465,000 600,000
$6,575,778 6,575,778 7,365,778
' 3,895,0001- 90,000 3,985,000 4,140,000
$305,671 305,671 251,100
5,070,563 305,671 6,665,778 13,395,069 14,328,277
II $19,623,096 19,623,096 18,594,406
14,459,049 14,459,049 13,964,869
II532,366 532,366 401,860
384,828 384,828 863,992
II
3,313,617 3,313,617 3,408,318
50,457 118,293
357,699 507,847
$ 67,200 67,200 67,200
10,481 2,464
521,137 163,894
II
78,244 50,856
700,000 600,000
17,939 461,356 485,848
II18,689,860 85,139 19,623,096 40,559,530 39,229,847
$23,760,423 $390,810 $19,623,096 $6,665,778 $53,954,599 $53,558,124
II
II
See notes to financial statements.
I -33-
II
CITY OF FRIENDSWOOD TEXAS 11
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES INII
FUND BALANCES-ALL GOVERNMENTAL FUND TYPES
Year ended September 30, 1992
II
GOVERNMENTAL FUND TYPES
SPECIAL DEBT CAPITAL 11
GENERAL REVENUE SERVICE PROJECTS
REVENUES
Taxes $4,981,977 $1,327,132 II
Sanitation 780,604
Fines and forfeiture 171,154
Permits and fees 337,539
Donations 4,583 $ 53,055 $ 18,661 II
Intergovernmental 34,006
Interest 135,984 2,076 15,498 16,587
Other 125.970 24.858 715
TOTAL REVENUES 6,571,817 79,989 1,342,630 35,963 II
EXPENDITURES
Current
General government 1,059,019 II
Public safety 2,467,530 11,043
Public works 1,521,172
Community development 315,835
Community services 1,045,494 II
Capital outlay 586,898 118,247 371,954
Debt service
Principal retirement 830,000
II
Interest and fiscal charges 485.242
TOTAL EXPENDITURES 6.995 948 129.290 1.315,242 371,954
REVENUES OVER (UNDER)
EXPENDITURES (424,131) (49,301) 27,388 (335,991) II
OTHER FINANCING SOURCES
Operating transfers in 977,300 687,054
Operating transfers out (633.319) II
TOTAL OTHER FINANCING
SOURCES (USES) 343.981 687,054
REVENUES AND OTHER SOURCES II
OVER (UNDER) EXPENDITURES (80,150) (49,301) 27,388 351,063
Residual equity transfer 11,790 (11,790)
Fund balances at
beginning of year 1.434.997 71,572 50.856 355.010
FUND BALANCES AT END OF YEAR $1,366.637 $ 10.481 $ 78.244 $706,073 '
II
II
-34 II
-
1
II
II
II
TOTALS
II (MEMORANDUM ONLY)
1992 1991
II $6,309,109 $5,948,464
780,604 733,245
171,154 166,355
II 337,539 286,421
76,299 56,595
34,006 28,641
170,145 263,157
II 151.543 82,930
8,030,399 7,565,808
I1 ,059,019 1,085,683
2,478,573 2,478,564
1,521,172 1,521,841
' 315,835 289,501
1,045,494 1,048,606
1,077,099 710,255
II 830,000 763,192
485.242 538.736
8,812.434 8.436.378
I (782,035) (870,570)
' 1,664,354 1,574,589
(633.319) (448.676)
1 .031.035 1,125.913
II
249,000 255,343
1.912.435 1.657.092
II
$2,161,435 $1.912,435
II
II
See notes to financial statements.
I -35-
2
CITY OF FRIENDSWOOD TEXAS 3
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES- BUDGET AND ACTUAL- GENERAL, SPECIAL REVENUE
AND DEBT SERVICE FUND TYPES
Year ended September 30, 1992 I
GENERAL FUND I
VARIANCE-
FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
REVENUES
Taxes $4,794,259 $4,981,977 $187,718
Sanitation 871,219 780,604 (90,615)
Fines and forfeitures 166,800 171,154 4,354
Permits and fees 221,971 337,539 115,568
Donations 3,774 4,583 809
Intergovernmental 33,463 34,006 543
Interest 151,026 135,984 (15,042)
Other 76,304 125,970 49,666
6,318,816 6,571,817 253,001
EXPENDITURES II
Current
General government 1,124,291 1,059,019 65,272
Public safety 2,448,569 2,467,530 (18,961) II
Public works 1,589,843 1,521,172 68,671
Community development 322,910 315,835 7,075
Community services 1,063,248 1,045,494 17,754
Capital outlays 710,518 586,898 123,620II
Debt Service
Principal retirement
Interest and fiscal charges IITOTAL EXPENDITURES 7,259,379 6,995,948 263,431
REVENUES OVER (UNDER) EXPENDITURES (940,563) (424,131) 516,432
OTHER FINANCING SOURCES (USES) II
Operating transfers in 977,300 977,300 -
Operating transfers out (633,319) (633,319) -
TOTAL OTHER FINANCING
SOURCES (USES) 343,981 343,981 II
-
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES
AND OTHER USES $ (596,582) (80,150) $516,432II
Residual equity transfer 11,790
Fund balances at beginning of year 1,434,997
FUND BALANCE AT END OF YEAR $1.366,637 11
II
II
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-
1
II
II
11
IISPECIAL REVENUE FUNDS DEBT SERVICE FUND
VARIANCE- VARIANCE-
' FAVORABLE FAVORABLE
BUDGET ACTUAL (UNFAVORABLE) BUDGET ACTUAL (UNFAVORABLE)
11 $1,292,731 $1,327,132 $34,401
II $ 50,000 $ 53,055 $ 3,055
1,260 2,076 816 21,500 15,498 (6,002)
24,857 24,858 1
II
76,117 79,989 3,872 1,314,231 1,342,630 28,399
II11,391 11,043 348
I124,091 118,247 5,844
830,000 830,000 -
487,500 485,242 2.258
II135,482 129.290 6.192 1.317.500 1,315,242 2.258
(59,365) (49,301) 10,064 (3,269) 27,388 30,657
II
II
11 $(59,365) (49,301) $10,064 $ (3,269) 27,388 $30,657
(11,790)
71.572 50,856
II $ 10,481 $ 78,244
II
See notes to financial statements.
I -37-
CITY OF FRIENDSWOOD TEXAS II
COMBINED STATEMENT OF REVENUES, EXPENSES AND11
CHANGES IN RETAINED EARNINGS/FUND BALANCE-
PROPRIETARY FUND TYPE AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1992 II
PROPRIETARY FIDUCIARY II
FUND TYPE FUND TYPE
NON-EXPENDABLE
ENTERPRISE TRUSTII
OPERATING REVENUES
Water and sewer sales and services $3,460,344
Fees and penalties 78,697II
Other 28.338
3,567,379
OPERATING EXPENSESII
Water Operations 770,128
Sewer Operations 990,540
Operation Administration 83,949 IIFinance Administration 151,319
Finance-Computer Services 5,299
Insurance 17,998
Engineering 44.461
OPERATING EXPENSES 2.063,694II
OPERATING INCOME BEFORE DEPRECIATION 1,503,685
Depreciation 648.639II
OPERATING INCOME AFTER DEPRECIATION 855.046
Non-operating revenues (expenses) II
Interest revenue 70,582 $ 1,172
Interest expense (337.952)
(267.370) 1,172
INCOME BEFORE OPERATING TRANSFERS 587,676 1,172 II
Operating transfers out (1.031.035)
NET INCOME (LOSS) (443,359) 1,172 II
Retained earnings/fund balance at
beginning of year 4.674.170 $83,967II
RETAINED EARNINGS/FUND BALANCE AT
END OF YEAR $4,230.811 $85,139
II
II
11
-38 II
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t
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TOTALS
(MEMORANDUM ONLY)
11 1992 1991
$ 3,460,344 $ 3,315,970
78,697 28,945
28.338 33.407
3,567,378 3,378,322
770,128 669,914
990,540 853,440
83,949 79,390
151,319 166,687
5,299 11 ,198
17,998 7,433
44,461 39,747
2.063.694 1.857,809
1,503,685 1,520,513
648,639 472.381
855,046 1,048,132
71 ,754 150,220
(337.952) (351.201)
266,198 200,981
11 588,848 847,151
(1 ,031,035) (1 .125.913)
(442,187) (278,762)
4,758,137 5.036.899
$ 4,315,950 $ 4.758,137
See notes to financial statements.
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I -39-
CITY OF FRIENDSWOOD TEXAS
COMBINED STATEMENT OF CASH FLOWS- PROPRIETARY FUND TYPE1!
AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1992 1
FIDUCIARY
PROPRIETARY FUND TYPE
FUND TYPE NON-EXPENDABLE
ENTERPRISE TRUST
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income $ 855,046
Adjustment to reconcile net income to net
cash provided by operating activities
Amortization 2,28211
Depreciation 648.639
1,505,967
Changes in operating assets and liabilities '
Decrease in accrued interest receivable 158
Increase in accrued interest expense 4,551
Increase in Blackhawk reserve (8,755) 11
Increase in prepaid expenses (683)
Increase in customer deposits 41,800
(Decrease) Increase in accounts payable (15,546)
Decrease (Increase) in accounts receivable (65,981) $ 2
(Decrease) Increase in accrued interest
payable (1,377)
(Increase) Decrease in due from other funds (205)
Increase in compensated absences 527
Decrease in contracts payable (22.095) 11
CASH FLOWS PROVIDED FROM
OPERATING ACTIVITIES 1,438,161 2
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Operating transfers-out to other funds (1,031,035)
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TOTALS
(MEMORANDUM ONLY)
1992 1991
i
$ 855,046 $1 ,048,132
i
2,282 2,283
648,639 472,381
1,505,967 1,522,796
11
158
4,551
' (8,755)
(683) (6,003)
41,800 31,745
(15,546) (54,988)
(65,979) (93,308)
(1 ,377) (1 ,281)
(205)
I 527
(22,095)
1 ,438,163 1,398,961
' (1 ,031 ,035) (1 ,125,913)
I
I
See notes to financial statements.
I -41-
!I
CITY OF FRIENDSWOOD, TEXAS
COMBINED STATEMENT OF CASH FLOWS- PROPRIETARY FUND TYPE
AND NON-EXPENDABLE TRUST FUND
Year ended September 30, 1992
11
FIDUCIARY11
PROPRIETARY FUND TYPE
FUND TYPE NON-EXPENDABLE
ENTERPRISE TRUST
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Contributed capital $ 494,180
Acquisition and construction of capital
assets (949,210)
Proceeds from capital assets sold -
Revenue bond principal payments (135,000)
Interest payments (337,952)
Certificate of obligation principal
payments (100.000)
CASH FLOWS PROVIDED (USED) FROM CAPITAL AND
RELATED FINANCING ACTIVITIES (1,027,982)
CASH FLOWS FROM INVESTING ACTIVITIES I
Interest earned on investments 70,582 1.172
CASH FLOWS FROM INVESTING ACTIVITIES 70,582 1.172 1
(DECREASE) INCREASE IN CASH (550,274) 1,174
Cash and equity in pooled cash and
investments at beginning of year 2.023,855 26.765
CASH BALANCE AT END OF YEAR $ 1.473.581 $27.939
Unrestricted 1,051,938 27,939
Restricted 421.643 -
TOTAL CASH AND EQUITY IN
POOLED CASH AND INVESTMENTS $ 1.473.581 $27,939
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I
TOTALS
(MEMORANDUM ONLY)
1992 1991
494,180 $ 358,208
(949,210) (854,476)
311,117
(135,000) (130,000)
(337,952) (351,201)
(100,000) (90,000)
(1,027,982) (756,352)
71,754 150,220
71,754 150,220
(549,100) (333,084)
2,050,620 2,383,704
$1 ,501,520 $2,050,620
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See notes to financial statement.
I/ -43-
FRIENDSW
1
OOD,OF FRIE , TEXAS
NOTES TO FINANCIAL STATEMENTS
September 30, 1992
I
1. ORGANIZATION
The City of Friendswood, Texas was incorporated on October 15, 1960. The charter provided
for a Mayor-Council form of city government. It was amended on October 16, 1971 to provide
for a City Council-City Manager form of city government. The charter was also amended on
March 24, 1992 to provide for a term limitation of three terms. It also changed the term of
Mayor and Councilmembers from two to three years and is being phased in over a three year
period. The Mayor and six Councilmembers are elected from the City at large.
The City Council is the principal legislative body of the City. The City Manager is appointed
by a majority vote of the City Council and is responsible to the Council for the administration
of all the affairs of the City. The City Manager is responsible for law enforcement,
appointment and removal of department directors and employees, supervision and control of
all City departments and preparation of the annual budget. The Mayor presides at meetings of
the City Council and can vote.
The City provides the following services: public safety, streets, parks and recreation, library,
water and sewer, sanitation, planning and zoning, building inspection, code enforcement and
general administrative services.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES I
A. REPORTING ENTITY
In defining the reporting entity the City has considered the following criteria:
(1) oversight responsibility which includes (a) financial interdependence, (b) selection
of governing authority, (c) designation of management, (d) ability to significantly
influence operations, and (e) accountability for financial matters, (2) scope of public
service and (3) special financing relationships.
The reporting entity is composed of the operational units (General, Special Revenue,
Debt Service, Capital Projects,Non-expendable Trust and Enterprise Funds)of the City.
The governmental units listed below were considered but excluded,because they did not
materially meet the criteria listed above.
The governmental units include City of Houston (Southeast Water Purification Plant)
Friendswood Independent School District, Clear Creek Independent School District,
Galveston County, Harris County and Clear Creek Drainage District and have been
omitted from the reporting entity.
Of the component units considered for inclusion in the reporting entity the Friendswood
Volunteer Fire Department had a positive response to criteria 1(a)and 1(d)and the Gulf
Coast Waste Disposal Authority had a positive response to criteria (3).
I
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I
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 2
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
A. REPORTING ENTITY(continued)
No other positive responses were found to the remaining criteria for Friendswood
Volunteer Fire Department. In the opinion of the City's management, the degree of
oversight of the Friendswood Volunteer Fire Department is immaterial and because they
do not meet the scope of public service or special financing relationship criteria,they are
not considered a component unit of the City.
As indicated in note 10, the city participates in a joint venture (Blackhawk Regional
Waste Treatment Plant) with three other entities, under the authority of the Gulf Coast
Waste Disposal Authority. This venture is accounted for under the equity method. No
other positive responses were found to the remaining criteria.
B. FUND ACCOUNTING
The accounts of the City are organized on the basis of funds and account groups, each
of which is considered a separate accounting entity. The operations of each fund are
accounted for with a separate set of self-balancing accounts that comprise its assets,
liabilities, fund equity, revenues and expenditures or expenses, as appropriate.
Resources are allocated to and accounted for in individual funds based upon the purposes
for which they are to be spent and the means by which spending activities are controlled.
The City uses six fund types and two account groups described below:
GOVERNMENTAL FUND TYPES
Governmental funds are those through which most governmental functions of the City
are financed. The City's expendable financial resources (except those accounted for in
proprietary funds) are accounted for through governmental funds. The measurement
focus is upon determination of changes in financial position, rather than upon net
income determination. The following are the City's governmental fund types:
General Fund
The General Fund is used to account for all financial transactions which are not
accounted for in another fund. The primary sources of revenue of the General Fund are
' property taxes, sales and use taxes, franchise taxes, permits and fees, and fines and
forfeitures. Expenditures are for general government, public safety, public works,
community development and community services.
Special Revenue Funds
The Special Revenue Funds are used to account for proceeds of specific revenue sources
that are legally restricted to financing specified activities. Capital improvements are
charged to expenditures in the accounts of this fund and capitalized in the General Fixed
Assets Account Group.
-45-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 3
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
B. FUND ACCOUNTING(continued)
Debt Service Fund
The Debt Service Fund is used to account for the payment of interest and principal on
all general long-term debt of the City. The primary source of revenue of the Debt
Service is general property taxes.
Capital Projects Fund
The Capital Projects Fund is used to account for the receipt and expenditures of
resources used for the acquisition and construction of major capital facilities(other than
those financed by the Enterprise Fund). The principal resources of the Capital Projects
Fund are proceeds from the sale of bonds and certificates of obligation, federal grants,
interest revenues and operating transfers from other funds.
PROPRIETARY FUND TYPE I
Proprietary funds are used to account for the City's ongoing organizations and activities
which are similar to those often found in the private sector. The measurement focus is
upon determination of net income. The following is the City's proprietary fund type:
Enterprise Fund (Water and Sewer)
The Enterprise Fund is used to account for operations of the water and sewer department
and the construction of related facilities. The fund is financed and operated in a manner
similar to private business enterprises - where the intent of the City is that the costs
(expenses, including depreciation) of providing goods or services to the general public
on a continuing basis be financed or recovered primarily through user charges. The
acquisition, maintenance and improvement of the physical plant facilities required to
provide these goods and services are financed from existing cash resources,the issuance
of bonds (revenue or general obligation), federal grants and other City funds.
FIDUCIARY FUND TYPES
Trust Fund
The Non-Expendable Trust Fund (1776 Park) is used to account for assets held by the 3
City in a trustee capacity or as an agent for individuals, private organizations, other
governments and/or other funds. This fund is accounted for in the same manner as
proprietary funds.
i
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I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS-4
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
B. FUND ACCOUNTING(continued)
Agency Fund
The Agency Fund (Deferred Compensation Fund) is used to account for assets held for
employees in accordance with the provisions of Internal Revenue Code Section 457.
ACCOUNT GROUPS
Account groups are used to establish accounting control and accountability for the City's
general fixed assets and general long-term debt. The following are the City's account
groups:
General Fixed Assets Account Group
The General Fixed Assets Account Group is used to account for the City's land,
buildings, improvements and equipment except those recorded in the Enterprise Fund.
General Long-Term Debt Account Group
This account group is used to account for the City's liability for general obligation bonds
and certificates of obligation due at varying dates through the year 2004 which are
payable from general property tax revenues of the City.
C. BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized
in the accounts and reported in the financial statements, regardless of the measurement
focus applied.
MEASUREMENT FOCUS
Governmental fund types(General, Special Revenue,Debt Service and Capital Projects)
are accounted for on a "current financial resources" measurement focus. Accordingly,
only current assets and current liabilities are included on their balance sheets and the
reported fund balance provides an indication of available spendable or appropriable
resources. Operating statements for governmental fund types report increases and
decreases in available spendable resources.
The Enterprise Fund, a proprietary fund type, and the Non-Expendable Trust Fund are
accounted for on a "flow of economic resources" measurement focus. Accordingly, all
assets and all liabilities are included on their balance sheets,and the reported fund equity
provides an indication of the economic net worth of the fund. Operating statements for
the Enterprise Fund report increases and decreases in total economic net worth.
r -47-
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS-5
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
C. BASIS OF ACCOUNTING(continued)
MODIFIED ACCRUAL BASIS OF ACCOUNTING
The modified accrual basis of accounting is followed in the governmental fund types.
Under this basis of accounting, revenues are recognized when they become susceptible
to accrual; i.e., both measurable and available to finance expenditures of the current
period. Available means then due, or past due and receivable within the current period
and collected within the current period or expected to be collected soon thereafter to be
used to pay liabilities of the current period. Such time thereafter shall not exceed 60
days. Expenditures are recorded when the related fund liability is incurred with the
exception of principal and interest on general long-term debt.
The treatment of specific revenue and expenditure items is described below: I
(1) General property taxes are recorded as a receivable when levied and as revenue
when they become available. Property taxes receivable have been recorded as
deferred revenue at September 30, 1992. Property taxes collected within sixty
days subsequent to September 30, 1992 have not been recorded as revenue as the
amount is not material. I
(2) Sick pay is accrued and one half of any cumulative sick pay is payable to the
employee upon termination. Unpaid vacation is recorded as it accrues and cannot
be carried forward to the following year without City Manager approval.
Amounts accrued in these financial statements represent the unused portion of
vacation at September 30, 1992. Longevity begins to accrue after one year of
employment and is paid each December. "Comp-time" accrues each pay period
and cumulative "comp-time" is payable to the employee semiannually over 80
hours and upon termination. Sick pay, vacation, longevity and "comp-time"will
be liquidated with expendable available financial resources and are accrued in the
General and Enterprise Funds.
(3) Principal and interest on general long-term debt is recognized when due.
(4) Supplies inventories are charged to expenditures when purchased. I
(5) Franchise tax, fines, licenses and permits, and sales tax are recognized when
received; i.e., the time they are considered measurable. Sanitation fees are
recorded when earned.
(6) Investment earnings are not accrued in the governmental fund types and
Non-Expendable Trust Funds since they are not material. Earnings are recorded
upon maturity of investments. Investments (certificates of deposit) are stated at
cost.
1
-48-
I
111 CITY OF FRIENDSWOOD TEXAS
LNOTES TO FINANCIAL STATEMENTS- 6
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
C. BASIS OF ACCOUNTING(continued)
MODIFIED ACCRUAL BASIS OF ACCOUNTING(continued)
The Enterprise Fund and Non-Expendable Trust Fund revenues and expenses are
recorded on the accrual basis whereby revenues are recognized in the period in which
they are earned and become measurable and expenses are recognized in the period
incurred.
D. BUDGETS
GENERAL BUDGET POLICIES
Procedures in establishing budgetary data reflected in the financial statements are as
follows:
(1) On or before the first day of August of each year, the City Manager shall submit
to the Council a proposed budget and an accompanying message. The Council
shall review the proposed budget and revise as deemed appropriate prior to general
circulation for public hearing. The Council shall adopt the budget by ordinance
on one reading on or before the 15th day of September or as soon thereafter as
practical. Adoption of the budget shall require an affirmative vote of at least a
majority of all members of the Council. Adoption of the budget shall constitute
appropriations of the amounts specified therein as expenditures from the funds
indicated. If, during the fiscal year, the City Manager certifies that there are
available for appropriation revenues in excess of those estimated in the budget,the
Council may make supplemental appropriation for the year up to the amount of
such excess.
(2) At any time during the fiscal year, the City Manager may transfer part or all of
any unencumbered appropriation balance among programs within a department,
division or office and,upon written request by the City Manager,the Council may
by ordinance transfer part or all of any unencumbered appropriation balance from
one department, office, or agency to another.
(3) Limitations: No appropriation for debt service may be reduced or transferred and
no appropriation may be reduced below any amount required by law to be
appropriated or by more than the amount of the unencumbered balance thereof.
(4) Lapse of Appropriations: Every appropriation, except an appropriation for a
capital expenditure, shall lapse at the close of the fiscal year to the extent that it
has not been expended or encumbered. An appropriation for a capital expenditure
shall continue in force under the purpose for which it was made until it has been
accomplished or abandoned. The purpose of any such appropriation shall be
deemed abandoned if three years pass without disbursement from or encumbrance
of the appropriation.
-49-
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 7
September 30, 1992
A
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
D. BUDGETS(continued)
GENERAL BUDGET POLICIES(continued) I
(5) Legally adopted budgets for the General, Special Revenue, Debt Service, and
Enterprise Funds are prepared on a basis consistent with generally accepted
accounting principles (GAAP), at the departmental level, the legal level of
budgetary control.
(6) Encumbrances represent commitments related to unperformed contracts for goods
or services. Encumbrance accounting - under which purchase orders, contracts
and other commitments for the expenditure of resources are recorded to reserve
that portion of the applicable appropriation - is utilized in the governmental
111
funds. Encumbrances outstanding at year end are reported as reservations of fund
balances and do not constitute expenditures or liabilities because the commitments
will be honored during the subsequent year. Encumbrances that lapse are
reappropriated in the ensuing years budget.
The City of Friendswood has complied with all budget requirements for the year ended
September 30, 1992.
E. CASH AND INVESTMENTS
Cash includes amounts in demand deposits as well as short-term investments with a
maturity date within three months of the date acquired by the government.
Investments are stated at cost or amortized cost, except for investments in the deferred
compensation agency fund which are reported at market value.
F. FIXED ASSETS
Fixed assets are stated at cost or, if the cost is not determinable, at estimated historical I
cost. Donated fixed assets are recorded at their estimated fair value on the date received.
Costs incurred for the purchase or construction of general fixed assets are recorded as
capital outlay expenditures in the General, Special Revenue and Capital Projects Funds.
All such costs are capitalized in the General Fixed Assets Account Group. Amounts
expended for property, plant and equipment in the Enterprise Fund are capitalized in
the fixed asset accounts within that fund. Public domain fixed assets such as bridges,
roads, drainage systems, etc., are capitalized along with other general fixed assets.
I
-50-
I
I CITY OF FRIENDSWOOD, TEXAS
INOTES TO FINANCIAL STATEMENTS- 8
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
IF. FIXED ASSETS(continued)
R 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
1 using the straight-line method. The estimated useful lives are as follows:
Assets Lives
I Equipment 5-10 years
Water and Sewer System 40-50 years
INo depreciation is provided for the general fixed assets of the City.
G. DEBT SERVICE
I 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
1 Debt Service Fund. Enterprise Fund long-term debt requirements are provided from net
revenues of the fund.
H. GENERAL PROPERTY TAXES
All taxes due the City on real or personal property are payable at the Office of the City
Assessor-Collector and may be paid at any time after the tax rolls for the year have been
I completed and approved, which is no later than October 1. Taxes are levied on October
1 and are due by February 1, and all taxes not paid prior to this date are deemed
delinquent and are subject to penalty and interest. All property located within the City
I limits on the first day of January of each year is charged with a special lien in favor of
the City from such date for taxes due thereon.
I. "MEMORANDUM ONLY" CAPTIONS
IThe "Memorandum Only" captions on the total columns of the combined statements
indicate that totals are presented only for overview informational purposes. Data in
I these columns do not present financial position, results of operations or changes in
financial position in conformity with generally accepted accounting principles.
J. STATEMENT OF CASH FLOWS
For the purposes of the Statement of Cash Flows, the Enterprise and the Non-
Expendable Trust funds consider all highly liquid investments (including restricted
Iassets) with a maturity of three months or less when purchased to be cash equivalents.
I -51-
3
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS -9
September 30, 1992
I
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)
K. ALLOWANCES
Allowance for doubtful accounts has been recorded at September 30, 1992 as follows:
Fund Type of Account Amount
Enterprise Fund Water and Sewer billings $10,000 I
General Fund Sanitation billings 2,000
L. ENCUMBRANCES I
Encumbrances represent the estimated amount of expenditures ultimately to result when
unperformed contracts(in progress at year-end)are completed. Such encumbrances are
reported as reservations of fund balances and do not constitute expenditures or liabilities.
3. EQUITY IN POOLED CASH AND INVESTMENTS, CASH, AND INVESTMENTS I
The City maintains a cash and investment pool that is available for use by all funds. Each fund
type's portion of this pool is displayed on the combined balance sheet as "Equity in pooled cash
and investments." In addition, cash and investments are separately held by several of the City's
funds.
At September 30, 1992, the carrying amount of the City's deposits was $183,355 and the bank
balance was $219,368. These deposits were fully collaterized by federal depository insurance
or U.S.government securities. Such securities were held in safekeeping by the Federal Reserve
Bank in the City's name for the pledging bank's account. The city has a contractual
deposit/investment with the Gulf Coast Water Authority for $129,191. These funds represent
operating capital and reserve for the Blackhawk Regional waste treatment facility. These funds
are on deposit with an agent of the Gulf Coast Water Authority and U.S.Government securities
were pledged as collateral. 111
Categories Carrying Market111
1 2 3 Amount Value
Deposits $348,559 - - $ 348,559 $ 348,559 i
Investment in FNMA $717,260 - - $ 717,260 $ 740,377
Investment in TexPool - - - $3,590,878 $3,590,878
I
-52-
I
1 CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 10
September 30, 1992
I
3. EQUITY IN POOLED CASH AND INVESTMENTS CASH AND INVESTMENTS(continued)
The City's deposits are categorized as either (1) insured or collateralized with securities held
by the entity or by its agent in the entity's name, (2)collateralized with securities held by the
pledging financial institution's trust department or agent in the entity's name, or (3)
uncollateralized, including any bank balance that is collateralized with securities held by the
pledging financial institution, or by its trust department or agent but not in the entity's name.
The City's investment are categorized as either:(1)Insured or registered, or securities held by
the entity or its agent in the entity's name. (2) Uninsured and unregistered with securities held
by the counterparty's trust department(if a bank)or agent in the entity's name. (3)Uninsured
and unregistered with securities held by the counterparty in the entity's name or held by the
counterparty's trust department (if a bank) or agent but not in the entity's name.
Cash temporarily idle during the year was invested in Texas Local Government Investment
Pool (TexPool). TexPool was established as a Trust Company with the Treasurer of the State
of Texas as trustee, segregated from all other trustees, investments and activities of the Trust
Company. This investment is not subject to categorization of credit risk since it is an
investment pool managed by other governments.
State law authorizes the City to invest in:
(a) obligations of the United States or its agencies or instrumentalities;
(b) direct obligations of the State of Texas or its agencies;
(c) other obligations, the principal and interest on which are unconditionally guaranteed or
insured by the State of Texas or the United States;
(d) obligations of state, agencies,counties,cities and other political subdivisions of any state
having been rated as to investment quality by a nationally recognized investment rating
Ifirm and having received a rating of not less than A or its equivalent;
(e) certificates of deposit issued by state and national banks domiciled in Texas which are:
(1) guaranteed or insured by the Federal Deposit Insurance Corporation, or its
successor; or
(2) secured by obligations of paragraphs(a)to(d)above and that have a market value
of not less than the principal amount of the certificates; and
(f) fully collateralized by direct repurchase agreements.
I
' -5 3-
3
1
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS - 11
September 30, 1992
I
4. FIXED ASSETS
A summary of changes in general fixed assets for the year ended September 30, 1992 follows: I
Balance at Balance at
Sept. 30, Sept. 30,
1991 Additions Retirements 1992
Land $ 1,413,057 $ 11,836 $ 1,424,893
Buildings 2,433,849 18,962 2,452,811
Improvements 12,007,880 162,965 12,170,845
Equipment 2,735,960 761,571 $32,094 3,465,437
Construction in
progress 3,660 107,610 2,160 109,110
TOTAL $18,594,406 $1,062,944 $34,254 $19,623,096
I
A summary of changes in Enterprise Fund fixed assets for the year ended September 30, 1992
follows: I
Balance at Balance at
Sept. 30, Sept. 30,
1991 Additions Retirements 1992
Land $ 218,462 $ 30,955 $ 249,417
Plant and equipment 9,234,050 68,224 $26,650 9,275,624
Plant and equipment-
Blackhawk 9,749,543 9,749,543
Water and sewer
lines 7,345,622 966,402 8,312,024II
Construction in
progress 350,376 882.338 $ 997.357 235.357
26,898,053 1,947,919 1,024,007 27,821,965
Less accumulated
depreciation 5,671,466 648,639 25.298 6,294,807
TOTAL $21,226,587 $1,299,280 $ 998,709 $21,527,158 II
II
II
I
-54- 11
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 12
September 30, 1992
I
5. COMMITMENTS
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, (3) to provide dispatch services and (4) employ
paid personnel consisting of one full-time fire fighter, a part-time clerk and fund two
fire fighters, one paramedic and emergency medical technician positions through a pool
of part-time employees for and on behalf of the Department.
B. On February 22, 1985, the City entered into an agreement with Bay Area Land
Company, Ltd.(Partnership)whereby Bay Area Land Company paid the City$1,200,000
in tap revenue fees to serve property developed by Bay Area Land Company. The
$1,200,000 payment is to be repaid by the City from connection fees that are to be levied
by the City for areas within the property during the term of the utility allocations.
C. The City renewed a contract with Best Waste Systems, Inc. for the collection of garbage,
trash and other refuse within the corporate limits of the City twice a week. The contract
expires on October 31, 1992 with an option of renewal for an additional five years. The
residential collection fee is set at $7.63 plus $1.00 Recycle Fee per month. Small
commercial fees are $32.89 per month and the fee varies for commercial container pick-
up as to the size of the container.
D. 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 $637,889 to the Authority for operation
and management services for the year ended September 30, 1992.
E. The City entered into a cost sharing water project with the City of Houston on July 14,
1987 for the Southeast water treatment plant. The City pays its percentage share of
production operating and maintenance expense monthly as invoiced. For the year ended
September 30, 1992 the City paid $359,643 for its share of production operating and
maintenance costs and accrued $10,984 for sludge removal.
I
1
-55-
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 13
September 30, 1992
I
5. COMMITMENTS (continued)
F. The City had the following construction commitments at September 30, 1992:
Amt. Paid
Project Contract Percent Sept. 30,
Project Contractor Description Amount Complete 1992
FM 2351 TX Dept Required $ 57,662 50% $ 57,662
II
Water Line of Trans- to widen
Relocation portation road
Central Wayne Smith Preliminary 120,136 96% 115,614
11
Service Area & Associates phase of sewer
sewer im- improvements
provements
FM 2351 Exxon USA Required to 33,000 0% 01/
Pipeline widen road
relocation
1992 Street Galveston Street Im- 48,127 25% 12,164II
Program County provements
Master Claunch & Phase I 60,000 0% 0
Drainage Miller, Inc. 11
Plan
6. COMPENSATED ABSENSES I
As of September 30, 1992, accrued holiday, sick pay, vacation, longevity pay and "comp-time"
were as follows:
Fund Holiday Sick Pay Vacation Longevity "Comp-Time" Total
General $27,079 $278,306 $195,047 $21,723 $16,743 $538,898 I
Enterprise 719 27,502 17,307 3,092 407 49,027
TOTAL $27,798 $305,808 $212,354 $24.815 $17,150 $587,925
I/
I
I
II
-56 11
-
I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 14
September 30, 1992
1
7. LONG-TERM DEBT
Long-term debt at September 30, 1992 is comprised of the following:
Principal
Balance
Description Sept. 30. 1992
GENERAL LONG-TERM DEBT ACCOUNT GROUP
General Obligation Bonds
Refunding Bonds, Series 1986 $6,575,778
Certificates of Obligation
Certificates dated December 1, 1988 due
in installments of $35,000 to $45,000
payable on March 1 of each year with
interest at 8.375% payable each March 1
and September 1, until 1994. 90.000
TOTAL $6,665,778
ENTERPRISE FUND
Revenue Bonds
Waterworks and Sanitary Sewer System Revenue
Bonds, Series 1969 due in installments of
$30,000 to $50,000 through March 1, 1999,
interest at 6.125 percent. $ 295,000
Waterworks and Sewer System 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. 305,000
600,000
Certificates of Obligation
Certificates dated December 1, 1988 due in
installments of $100,000 to $560,000 pay-
able on March 1 of each year with interest
at 6.9% to 8.375% payable each March 1
and September 1, until 2004. 4,010,000
TOTAL $4,610.000
I
I
11 -57-
I
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 15
September 30, 1992
I
7. LONG-TERM DEBT(continued)
The bond and certificate of obligation requirements of the City (general obligation and
revenue) by maturity date are as follows:
Year Ending Total
Sept. 30 Principal Interest Total
1993 $ 1,130,000 $ 740,315 $ 1,870,315
1994 1,200,000 659,312 1,859,312
1995 1,140,000 576,613 1,716,613
1996 1,240,000 490,304 1,730,304
1997 1,320,000 395,266 1,715,266
1998 1,150,000 304,671 1,454,671
1999 1,220,000 218,634 1,438,634
2000 725,834 718,498 1,444,332
2001 505,898 242,614 748,512
2002 512,209 157,634 669,843
2003 549,993 123,238 673,231
2004 581.844 82.756 664.600
TOTAL LONG-
TERN DEBT $11.275,778 $4,709,855 $15,985,633
Bond Refinancing
In prior years, the City defeased certain outstanding general obligation and other bonds by
placing the proceeds of the new bonds in an irrevocable trust to provide for all future debt
service payments on the old bonds. Accordingly, the trust accounts and the defeased bonds
are not included in the City's financial statements.
At September 30, 1992, the following outstanding bonds are
considered defeased: Outstanding
Series Principal111
Waterworks and Sewer System Unlimited Tax Bonds, Series 1962 $ 150,000
General Obligation Refunding Bonds, Series 1969 20,000
Drainage Improvement Bonds, Series 1973 45,000
General Obligation Bonds, Series 1974 475,000
Street Improvement Bonds, Series 1977 875,000
General Obligation Bonds, Series 1979 135,000
Waterworks and Sewer System Combination Tax and Revenue
Bonds, Series 1964 220,000 II
Waterworks and Sewer System Combination Tax and Revenue
Refunding Bonds, Series 1972 660,000
Waterworks and Sewer System Combination Tax and Revenue Bonds,
Series 1967-A 275,000
Waterworks and Sewer System Combination Tax and Revenue Bonds,
Series 1972 370,000
Waterworks and Sewer System Combination Tax and Revenue Bonds,
Series 1974 540,000
WCID #108, Waterworks and Sewer System Combination Tax and
Revenue Bonds, Series 1972 350,000
WCID #108, Waterworks and Sewer System Unlimited Tax and
Revenue Bonds, Series 1981 125,000
$4,240,000
-58- I
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 16
September 30, 1992
' 7. LONG-TERM DEBT(continued)
A number of limitations and restrictions are contained in the various bond ordinances. The
City has complied with all significant limitations and restrictions.
Changes in bond and certificate of obligation amounts of the City (general obligation and
revenue) for the year ended September 30, 1992 were as follows:
' Balance at Balance at
Sept. 30, Sept. 30,
1991 Retirements 1992
' General Obligation
Bonds $ 7,365,778 $790,000 $ 6,575,778
' Certificates of
Obligation 4,240,000 140,000 4,100,000
Revenue Bonds 735,000 135,000 600.000
$12,340,778 $1,065,000 $11,275,778
8. PENSION PLAN
' Plan Description
The City provides pension benefits for all of its full time employees through a nontraditional,
' joint contributory, defined contribution plan in the state-wide Texas Municipal Retirement
System (TMRS), one of over 590 administered by TMRS, an agent multiple-employer public
employee retirement system. It is the opinion of the TMRS management that the plans in
TMRS are substantially defined contribution plans but they have elected to provide additional
voluntary disclosure to help foster a better understanding of some of the nontraditional
characteristics of the plan.
' Benefits depend upon the sum of the employee's contributions to the plan, with interest, and
the city-financed monetary credits,with interest. At the date the plan began, the City granted
monetary credits for service rendered before the plan began of a theoretical amount equal to
' two times what would have been contributed by the employee, with interest, prior to
establishment of the plan. Monetary credits for service since the plan began are a percent
(100%, 150%, or 200%)of the employee's accumulated contributions. In addition, the City can
' grant as often as annually another type of monetary credit referred to as an updated service
credit which is a theoretical amount which, when added to the employee's accumulated
contributions and the monetary credits for service since the plan began, would be the total
monetary credits and employee contributions accumulated with interest if the current employee
' contribution rate and City matching percent had always been in existence and if the employee's
salary had always been the average of his salary in the last three years, that are one year before
the effective date. At retirement, the benefit is calculated as if the sum of the employee's
' accumulated contributions with interest and the employer-financed monetary credits with
interest were used to purchase an annuity.
' -59-
3
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 17
September 30, 1992
1
8. PENSION PLAN (continued)
111
Plan Description (continued)
Members can retire at ages 60 and above with 10 or more years of service or with 25 years of
service regardless of age. The plan also provides death and disability benefits. A member is
vested after 10 years, but he must leave his accumulated contributions in the plan. If a member
withdraws his own money, he is not entitled to the employer-financed monetary credits, even
if he was vested. The plan provisions are adopted by the governing body of the City, within
the options available in the state statutes governing TMRS and within the actuarial constraints
also in the statutes.
Contributions
The contribution rate for the employees is 6 percent, and 9 percent for the City, both as
adopted by the governing body of the City. Under the state law governing TMRS, the City
contribution rate is determined annually by an actuary. This rate consists of the normal cost
contribution rate and the prior service contribution rate, both of which are calculated to be a
level percent of payroll from year to year. The normal cost contribution rate finances the
currently accruing monetary credits due to city matching percent, which are the obligation of
the city as of an employee's retirement date, not at the time the employee's contributions are
made. The normal cost contribution rate is the actuarially determined percent of payroll
necessary to satisfy the obligation of the city to each employee at the time his retirement
becomes effective. The prior service contribution rate amortizes the unfunded actuarial
liability over the remainder of the plan's 25-year amortization period. When the City
periodically adopts updated service credits and increases in annuities in effect, the increased
unfunded actuarial liability is to be amortized over a new 25-year period. Currently, the
unfunded actuarial liability is being amortized over the 25-year period which began
January, 1992. The unit credit actuarial cost method is used for determining the City
contribution rate. Contributions are made monthly by both the employees and the City. Since
the City needs to know its contribution rate in advance to budget for it,there is a one-year lag
between the actuarial valuation that is the basis for the rate and the calendar year when the rate
goes into effect.
The City's total payroll in fiscal year 1992 was $3,441,639 and the City's contributions were
based on a covered payroll of$3,051,394. Both the City and the covered employees made the
required contributions, amounting to $210,370 (6.67% of covered payroll for the months in
calendar year 1991 and 6.98% for the months in calendar year 1992) for the City and
$183,084(6%)for the employees. The City's contribution consisted of$162,054 for normal cost
and $48,316 for amortization of the unfunded acturial accrued liability. The normal cost
contribution rates for 1991 and 1992 were 5.13% and 5.38% and the rates to amortize the
unfunded acturial accrued liability 1991 and 1992 were 1.54% and 1.60%. The City adopted
changes in the plan since the previous actuarial valuation, which had the effect of increasing
the City's contribution rate for 1992 by .03% of payroll. There were no related-party
transactions.
1
-60-
CITY OF FRIENDSWOOD, TEXAS
' NOTES TO FINANCIAL STATEMENTS- 18
September 30, 1992
I
8. PENSION PLAN (continued)
Funding Status and Progress
Even though the substance of the City's plan is not to provide a defined benefit in some form,
some additional voluntary disclosure is appropriate due to the nontraditional nature of the
defined contribution plan which had an initial unfunded pension benefit obligation due to the
monetary credits granted by the City for services rendered before the plan began and which
can have additions to the unfunded pension benefit obligation through the periodic adoption
of increases in benefit credits and benefits. Statement No. 5 of the Governmental Accounting
Standards Board (GASB 5) defines pension benefit obligation as a standardized disclosure
' measure of the actuarial present value of pension benefits,adjusted for the effects of projected
salary increases, estimated to be payable in the future as a result of employee service to date.
The measure is intended to help users assess the funding status of public employee pension
' plans, assess progress made in accumulating sufficient assets to pay benefits when due, and
make comparisons among public employee pension plans.
The pension benefit obligation shown below is similar in nature to the standardized disclosure
' measure required by GASB 5 for defined benefit plans except that there is no need to project
salary increases since the benefit credits earned for service to date are not dependent upon
future salaries. The calculations were made as part of the annual actuarial valuation as of
' December 31, 1991. Because of the money-purchase nature of the plan, the interest rate
assumption currently 8.5% per year, does not have as much impact on the results as it does for
a defined benefit plan. Market value of assets is not determined for each City's plan, but the
market value of assets for TMRS as a whole was 114.1% of book value as of December 31,
1991.
Pension Benefit Obligation
Annuitants currently receiving benefits $ 94,845
Terminated employees 402,241
Current employees
t Accumulated employee contributions including
allocated invested earnings 1,400,061
Employer-financed vested 1,404,508
Employer-financed nonvested 305,182
' TOTAL 3,606,837
Net assets available for benefits, at
book value 3,323,037
UNFUNDED PENSION BENEFIT OBLIGATION $ 283,800
The book value of assets is amortized cost for bonds and original cost for short-term securities
and stocks. The actuarial assumptions used to compute the actuarially determined City
contribution rate are the same as those used to compute the pension benefit obligation. The
' numbers above reflect the adoption of changes in the plan since the previous actuarial
valuation, which had the effect of increasing the pension benefit obligation by $37,666.
' -61-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS - 19
September 30, 1992
I
8. PENSION PLAN (continued)
Trend Information
NET ASSETS PENSION I
PLAN AVAILABLE BENEFIT PERCENTAGE
YEAR FOR BENEFITS OBLIGATION FUNDED
1989 $1,866,216 $2,204,025 84.67% I
1990 2,223,461 2,978,946 74.64
1991 3,323,037 3,606,837 92.13
UNFUNDED UNFUNDED PENSION
PENSION ANNUAL BENEFIT OBLIGATION
PLAN BENEFIT COVERED AS A PERCENTAGE
YEAR OBLIGATION PAYROLL OF COVERED PAYROLL
1989 $337,809 $2,617,976 12.90%
1990 755,485 2,955,563 25.56
1991 283,800 3,051,394 9.30
III
AVERAGE
CITY CITY
III
PLAN CONTRIBUTION CONTRIBUTION
YEAR OBLIGATION RATE
1989 $ 97,716 3.73%
1990 171,244 5.79
1991 210,370 6.89
Ten-year historical trend information presenting the TMRS progress in accumulating sufficient I
assets to pay benefits when due is presented in the schedule section, Exhibit I-3.
9. INTERFUND TRANSACTIONS 1
A summary of interfund balances activity and balances at September 30, 1992 is as follows: I
A. DUE FROM/TO OTHER FUNDS
Receivable Fund Payable Fund Amount I
Water and Sewer- Enterprise General 205
I
1
-62-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS-20
September 30, 1992
9. INTERFUND TRANSACTIONS(continued)
B. OPERATING TRANSFERS
Transfer Out Transfer In Amount
General Capital Projects $ 633,319
Water and Sewer - Enterprise Capital Projects 53,735
General 977,300
1,030,035
$1,664,354,
C. RESIDUAL EQUITY TRANSFERS
! Transfer Out Transfer In Amount
Mowing - Special Revenue General $11,790
3
10. BLACKHAWK REGIONAL WASTE TREATMENT PLANT
The City has entered into an arrangement with the City of Houston, Harris County MUD#55,
and CDC, Inc. for operating and maintaining a joint waste treatment plant known as Blackhawk
Regional Waste Treatment Plant. All participants share in the expenses of operation and
3 maintenance based on their respective percentages for use and fixed costs.
The percentages of ownership based on fund balances at September 30, 1992 are as follows:
City of Friendswood 52.71%
City of Houston 15.94
Harris County MUD #55 20.28
CDC, Inc. 11.07
100.00%
An annual budget of operations is submitted to the Gulf Coast Waste Disposal Authority each
year. The Gulf Coast Waste Disposal Authority is the governing authority and consists of nine
members (3 appointed by the governor, 3 appointed by the commissioners court and 3
appointed by the participants).
The following audited financial information was available from the operator for the year
ending December 31, 1992:
Total assets $307,438
Total liabilities $307,438
Total revenues $979,915
Total expenses 979,915
Net Income $ -0-
-63-
4.1
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS-21 II
September 30, 1992
I
11. SOUTHEAST WATER PURIFICATION PLANT
The City has entered into a contract with the City of Houston for constructing, operating and
maintaining a water purification plant known as Southeast Water Purification Plant. The City's
pro rata share of the actual production construction costs of the project is 3.75 percent. The
City's pro rata share of the actual pumping construction costs is 1.33 percent.
The City began receiving water from the plant on October 15, 1990. The City is billed on a
monthly basis for the actual gallons of water received times the City's pro rata share of actual
costs. At the end of each quarter, the City of Houston computes the total operation and
maintenance expense for the quarter just ended, recalculates the cost per one thousand gallons Ar,
and adjusts previous billings on the next invoice.
•
The relationship of the parties is of a fiduciary character. No partnership or joint venture is
created by this contract.
12. SEGMENT INFORMATION
The Enterprise Fund provides two services financed by user charges (water and sewer).
Segment information for the year ended September 30, 1992 follows (all non-direct revenues
and expenses are treated as equally shared between water and sewer system operations:
Water Sewer Total
Operating revenue $2,482,455 $1,084,924 $ 3,567,379
Operating expense 921,641 1,142,053 2,063,694
Operating income (loss) before
depreciation 1,560,814 (57,129) 1,503,685 !!
Depreciation expense 324,320 324,319 648,639
Net operating !!
income (loss) $1,236,494 $ (381,448) $ 855,046
Non-operating income
(loss) $ * $ * $ (267,370) !!
Property, plant and equipment $ * $ * $27,821,965
Less allowance for
depreciation * * 6,294,807 !!
$ * $ * $21,527,158
Other segment information is shown below:
Current capital contributions $ * $ * $ 494,180
Property, plant and equipment
additions * * 1,947,9191!
Net working capital * * 23,760,423
Total assets
Bonds and certificates of
obligation * * 5,192,428
Total equity * * 18,689,860
* Not determinable
-64-
CITY OF FRIENDSWOOD, TEXAS
NOTES TO FINANCIAL STATEMENTS- 22
September 30, 1992
13. CONTINGENCIES
The City was involved in a pending lawsuit at September 30, 1992. A summary of the lawsuit
follows:
' In Cause No. 90CV790, Richie James Garren v. City of Friendswood, et al filed in the District
Court of Galveston County, Texas, 212th Judicial District, the plaintiff has filed a personal
' injury suit under the Texas Tort Claims Act resulting from an automobile accident involving
a driver of a City dump truck. The City's general liability insurance carrier has assumed the
defense of said case and an evaluation of $60,000 as to this claim is appropriate.
' The City's management has indicated that it will contest this claim 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 for the year ended September 30, 1992.
111 14. CONTRIBUTED CAPITAL
The following is a schedule of changes in contributed capital for the Enterprise Fund:
1992 1991
' Contributed capital at beginning of year $13,964,869 $13,606,661
Additions 494,180 362,307
Less
' Reclassify net depreciable fixed assets
to General Fund (4,099)
CONTRIBUTED CAPITAL AT END OF YEAR $14,459,049 $13,964,869
' 15. IMPACT FEES
On April 27, 1990 the City, in conformance with the provisions of Senate Bill 336 and House
Bill 1786, adopted a Capital Improvements Plan for Water Supply and Distribution
Improvements and for Wastewater Treatment and Collection Improvements that were needed
to serve new development. An Impact Fee Structure to defray the costs of these improvements
was also adopted.
In recent years the City has committed funds to the construction of surface water facilities and
' wastewater capacity necessary to provide service to current residents, as well as for projected
development within the City. The cost of water and wastewater capacity that has been
constructed to support new growth is reflected in the City Wide impact fees.
' -65-
CITY OF FRIENDSWOOD TEXAS
NOTES TO FINANCIAL STATEMENTS- 23
September 30, 1992
1
15. IMPACT FEES(continued)
Based on population growth projections, two areas (Melody Lane and Central Service Area)
within the City were identified for the proposed extension of water distribution and wastewater
collection systems and are included in the impact fee structure. An impact fee was also
included to defray the costs of water distribution facilities extended to the Bay Area Boulevard
Service Area under the terms of a contractual agreement with Bay Area Land Company, Ltd.
The Capital Improvements Plan and Impact Fee structure was amended by City Council on
January 7, 1991 to include an impact fee for sanitary sewer collection system costs serving the
area known as Mills, Murphy and Briarmeadow Avenue between Sunset Drive and Greenbriar.
The following is a summary of the Impact Fees that apply on a City Wide basis and for each
of the designated service areas. The fees represent the charge for a single equivalent service
unit as defined in the Capital Improvement Plan.
City Wide Impact Fees
Surface Water Facilities
Surface water capacity $ 531
Transmission/pumping/storage 157
System wide improvements 23
711
Wastewater treatment facilities 122
Impact fee/CIP study 7
TOTAL CITY WIDE IMPACT FEE $840
Water Distribution Impact Fees
Melody Lane Water System $ 854
Bay Area Boulevard Water System $ 294
Central Service Area Water System $ 358
Wastewater Collection Impact Fees
Melody Lane wastewater system $ 450
Central Service Wastewater System:
Segment A $ 830
Segment B $ 618
Segment C $ 397
Segment D $ 234
Segment E $ 186
Mills, Murphy, Briarmeadow Avenue $2,532
The impact fees are deposited into a separate,interest bearing bank account in compliance with
the referenced legislation and transferred to the enterprise fund cash account as needed. The
impact fees and interest income for each service area are maintained in separate equity
schedules. Interest is applied based on a percentage of the daily equity balance of each service
area.
I
-66-
I
CITY OF FRIENDSWOOD, TEXAS
INOTES TO FINANCIAL STATEMENTS- 24
September 30, 1992
I
15. IMPACT FEES (continued)I
The portion of City Wide Impact Fees collected for Surface Water Facilities are used to meet
the current debt service obligations for the 1988 Certificates of Obligations issued to fund the
I surface water facilities capital improvements. The remaining City'Wide Impact Fees collected
for Wastewater Treatment Facilities and Impact Fee\CIP Study are used to fund other water
and wastewater system improvements. All Impact Fees collected for specific service areas are
I used to fund new capital improvements for the designated service areas. A summary of changes
in equity for each service area for the year ended September 30, 1992 is presented as Schedule
I-2.
I16. DEFERRED COMPENSATION PLAN
I The City offers its employees a deferred compensation plan created in accordance with Internal
Revenue Code Section 457. The plan, available to all City employees, permits them to defer
a portion of their salary until future years. The deferred compensation is not available to
employees until termination, retirement, death, or unforeseeable emergency.
I
All amounts of compensation deferred under the plan, all property and rights purchased with
those amounts, and all income attributable to those amounts,property, or rights are(until paid
I or made available to the employee or other beneficiary) solely the property and rights of the
City(without being restricted to the provisions of benefits under the plan), subject only to the
claims of the City's general creditors. Participants' rights under the plan are equal to those of
general creditors of the City in an amount equal to the fair market value of the deferred
I
account for each participant.
The City has no liability for losses under the plan but does have the duty of due care that
I would be required of an ordinary prudent investor. The City believes that it is unlikely that
it will use the assets to satisfy the claims of general creditors in the future.
I17. SUBSEQUENT EVENTS
On November 1, 1992 the City issued combination tax and revenue certificates of obligation
in the amount of $5,000,000 at 6.75%. The Certificates are due in principal amounts of
I $25,000 to $830,000 with final maturity March 1, 2008. The Certificates maturing on March
1, 2003 and thereafter are subject to redemption in whole or in part at the option of the City.
The proceeds of the issuance will be used for sewer system improvements and the acquisition
I
or construction of municipal buildings.
I
I -67-
1
I
I
I
I
I
I
I COMBINING, INDIVIDUAL FUND AND ACCOUNT GROUP
STATEMENTS AND SCHEDULES
I
I
I
I
I
I
I -69-
I
I
I
I
I
I
I
I
GENERAL FUND
IThe General Fund accounts for the resources used to finance the
fundamental operations of the City. It is the basic fund of the City
I and covers all activities for which a separate fund has not been
established.
I
I
I
I
I
I -71-
I
CITY OF FRIENDSWOOD, TEXAS 11
GENERAL FUND EXHIBIT A-111
COMPARATIVE BALANCE SHEETS
September 30, 1992 and 1991 II
1992 1991 II
ASSETS
Equity in pooled cash and investments $2,190,002 $2,062,105 I
Receivables - net, where applicable of
allowances for doubtful accounts
Property taxes 223,198 247,434
Accounts 161,823 100,108II
Interest - 166
Prepaid expenditures 48r074 118.293
TOTAL ASSETS $2.623,097 $2,528,106 1
LIABILITIES AND FUND BALANCES
Accounts payable $ 309,760 $ 226,912 II
Compensated absences 538,898 486,295
Accrued expenditures 137,526 116,421
Deferred revenue 270,071 263,481II
Due to other funds 205 -
TOTAL LIABILITIES 1,256,460 1,093,109
Reserved for prepaid expenditures 48,074 118,293
Reserved for encumbrances 175,146 316,668 11
Reserved for programs 252
Unreserved
Designated for emergency operations 700,000 600,000II
Undesignated 443.417 399.784
TOTAL FUND BALANCES 1,366.637 1.434.997
TOTAL LIABILITIES AND FUND BALANCES $2,623,097 $2,528,106 1
II
II
1
I
I
-72 11
-
I
II CITY OF FRIENDSWOOD, TEXAS
IIGENERAL FUND EXHIBIT A-2
STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL
IISeptember 30, 1992 and 1991
I 1992
VARIANCE-
, FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
II Taxes
General property $3,558,867 $3,631,731 $ 72,864 $3,477,872
Sales 777,620 804,453 26,833 739,216
I
Franchise 456,272 541,841 85,569 456,566
Other 1,500 3,952 2,452 3,509
4,794,259 4,981,977 187,718 4,677,163
I Sanitation 871 ,219 780,604 (90,615) 733 ,245
Fines and forfeitures 166,800 171,154 4,354 166,355
Permits and fees 221,971 337,539 115,568 286,421
Donations 3,774 4,583 809 2,951
Inter-governmental 33,463 34,006 543 28,641
II Interest 151,026 135,984 (15,042) 203,688
Other 76,304 125,970 49,666 63,098
TOTAL REVENUE 6,318,816 6,571,817 253,001 6,161,562
11 EXPENDITURES
General government 1,232,696 1,112,882 119,814 1,085,683
Public safety 2,932,504 2,931,726 778 2,425,174
II Public works 1,618,019 1,537,447 80,572 1,521,841
Community development 334,981 326,854 8,127 282,101
Community services 1,141,179 1,087,039 54,140 1,048,606
TOTAL EXPENDITURES 7,259,379 6,995,948 263,431 6,363,405
11 REVENUES OVER (UNDER)
EXPENDITURES (940,563) (424,131) 516,432 (201,843)
IOTHER FINANCING SOURCES (USES)
Operating transfers in 977,300 977,300 - 1,125,913
Operating transfers out (633,319) (633,319) _ (448,676)
II
TOTAL OTHER FINANCING
SOURCES (USES) 343,981 343,981 677,237
REVENUES AND OTHER SOURCES
II
OVER (UNDER) EXPENDITURES
AND OTHER USES $ (596,582) $ (80,150) $516,432 $ 475,394
II
II
I -73-
11
CITY OF FRIENDSWOOD TEXAS
GENERAL FUND EXHIBIT A-3 !I
SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 1 of 6
Year ended September 30, 1992 II
1992 II
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUALII
GENERAL GOVERNMENT
Mayor and Council
Personal services $ 30 $ 356 $ (326) $ 2811
Supplies 1,375 1,043 332 3,189
Other services and
charges 18.007 25.164 (7.157) 15.491
19,412 26,563 (7,151) 18,708II
City Secretary
Personal services 88,383 83,118 5,265 77,277
Supplies 2,975 1,957 1,018 2,877
Other services andII
charges 26,429 25,154 1,275 17,630
Maintenance 3,880 2,490 1,390 3,769
Capital outlay 5.000 - 5.000 -
126,667 112,719 13,948 101,553II
City Manager
Personal services 152,193 154,720 (2,527) 141,192
Supplies 3,650 3,254 396 2,92311
Other services and
charges 13,486 13,682 (196) 9,973
Maintenance 1,600 738 862 1,514
Capital outlay - - - 17.068II
170,929 172,394 (1,465) 172,670
Finance
Personal services 239,499 236,640 2,859 219,311II
Supplies 8,750 8,160 590 7,210
Other services and
charges 29,537 29,820 (283) 24,593
Maintenance 425 220 205 465II
Capital outlay 650 3.612 (2.962)
278,861 278,452 409 251,579
Human Resources
Supplies 850 1,808 (958) -
Other services and
charges 22,821 23.827 (1.006) -
23,671 25,635 (1,964) II
-
Computer Services
Personal services 35,636 42,516 (6,880) 32,389
Supplies 12,960 17,876 (4,916) 10,476I/
Other services and
charges 24,475 18,402 6,073 5,100
Maintenance 45,099 41,916 3,183 26,097
Capital outlay 102.755 48.553 54.202 127.788II
220,925 169,263 51,662 201,850
-74 11
-
I
I CITY OF FRIENDSWOOD TEXAS
IIGENERAL FUND EXHIBIT A-3
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL- BY OBJECT 2 of 6
IYear ended September 30, 1992
I 1992
VARIANCE-
I FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
GENERAL GOVERNMENT (continued)
I Municipal Courts
Personal services 98,445 73,693 24,752 63,960
Supplies 4,865 2,668 2,197 1,820
Other services and
charges 7,705 5,330 2,375 2,314
Maintenance 150 25 125 150
Capital outlay 1,698 (1,698)
111,165 83,414 27,751 68,244
I Administration
Supplies 880
Other services and
I charges 281,066 244,442 36,624 268,399
1,800
Capital outlay -
281,066 244,442 36,624 271,079
TOTAL GENERAL GOVERNMENT1,232,696 1,112,882 119,814 1,085,683
I PUBLIC SAFETY
Police Services
Personal services 1,556,264 1,524,534 31,730 1,453,409
Supplies 65,439 71,875 (6,436) 74,275
II Other services and
charges 73,463 80,046 (6,583) 63,409
Maintenance 63,624 82,940 (19,316) 66,482
I Capital outlay 92,634 104,759 (12,125) 57,519
1,851,424 1,864,154 (12,730) 1,715,094
Communications
Personal services 216,924 228,981 (12,057) 189,409
II Supplies 3,233 2,354 879 2,111
Other services and
charges 2,859 3,177 (318) 3,261
Maintenance 3,350 2,666 684 2,550
II Capital outlay 70,839 71 ,254 (415)
297,205 308,432 (11,227) 197,331
Emergency Management
11 Personal services 3,160 3,821 (661) 1,151
Supplies 2,405 1,305 1,100 1,346
Other services and _
charges 4,136 3,763 373 2,546
II Maintenance 5,705 2,198 3,507 4,703
Capital outlay 1,500 1,727 (227) -
16,906 12,814 4,092 9,7/
I
I -75-
CITY OF FRIENDSWOOD, TEXAS
GENERAL FUND EXHIBIT A 3 !!
SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 3 of 6
Year ended September 30, 1992 II
1992 II
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUALII
PUBLIC SAFETY (continued)
Animal Control
Personal services 52,962 54,260 (1,298) 52,1031/
Supplies 5,750 4,269 1,481 5,426
Other services and
charges 4,091 2,556 1,535 2,630
Maintenance 1,950 1,423 527 883II
Capital outlay - - - 750
64,753 62,508 2,245 61,792
Fire/EMS I
Personal services 129,111 127,411 1,700 124,883
Supplies 56,850 - 56,850 -
Other services and
charges 78,359 224,051 (145,692) 217,288II
Maintenance 58,340 2,040 56,300 121
Capital outlay 315.837 284.292 31.545 9.520
638,497 637,794 703 351,812
Fire Marshal 11
Personal services 48,791 33,343 15,448 49,837
Supplies 5,265 5,574 (309) 4,010
Other services and
charges 5,313 4,439 874 6,824 II
Maintenance 1,225 504 721 1,499
Capital outlay 3,125 2.164 961 27.229
63,719 46,024 17.695 89.39911
TOTAL PUBLIC SAFETY 2,932,504 2,931,726 778 2,425,174
PUBLIC WORKS
AdministrationII
Personal services 120,527 120,730 (203) 118,694
Supplies 2,880 2,898 (18) 2,771
Other services and
charges 1,856 1,234 622 1,467
Maintenance 1.200 1.076 124 716
126,463 125,938 525 123,648
Streets
Personal services 253,630 237,537 16,093 236,579 II
Supplies 74,402 54,328 20,074 62,296
Other services and
charges 130,572 172,164 (41,592) 148,250
Maintenance 54,122 57,865 (3,743) 56,888
Capital outlay 28.176 16.275 11.901 38.820
540,902 538,169 2,733 542,833 II
-76 II
-
I
II CITY OF FRIENDSWOOD TEXAS
IGENERAL FUND EXHIBIT A-3
SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 4 of 6
IIYear ended September 30, 1992
II 1992
VARIANCE-
I FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
PUBLIC WORKS (continued)
II Drainage
Personal services 105,460 103,831 1,629 $ 97,596
Supplies 600 401 199 327
Maintenance 13,394 13,571 (177) 22,792
I Other services and - - -
charges 250 2,774 (2,524) 135
Capital outlay 3,800
119,704 120,577 (873) 124,650
II Sanitation
Supplies 331
Other charges and
II services 830.950 752,763 78,187 730,379
830.950 ,763 78,187 730,710
TOTAL PUBLIC WORKS 1,618,019 1,752537,447 80,572 $1,521,841
COMMUNITY DEVELOPMENT
11 Administration
Personal services 78,557 77,788 769 68,787
Supplies 375 384 (9) 355
Other services and
II charges 1,700 2,174 (474) 1,279
Maintenance 182
80,632 80,346 286 70,603
II Planning & Zoning
Personal services 58,959 58,336 623 56,073
Supplies 1,100 1,138 (38) 884
Other services and
II charges 1,514 1,146 368 511
Maintenance 400 148 252 340
61,973 60,768 1,205 57,808
I Engineering
Personal services 38,179 36,145 2,034 32,483
Supplies 3,072 3,356 (284) 3,473
Other services and
II charges 11,231 10,928 303 2,198
Maintenance 1,050 1,330 (280) 999
Capital outlay 12.071 11.019 1,052 -
65,603 62,778 2,825 39,153
II
II
II -77-
I
CITY OF FRIENDSWOOD, TEXAS II
GENERAL FUND EXHIBIT A-3
11
SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 5 of 6
Year ended September 30, 1992 I
1992
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUALII
COMMUNITY DEVELOPMENT (continued)
Inspection
Personal services 108,888 108,526 362 101,845II
Supplies 3,785 4,181 (396) 3,231
Other services and
charges 12,300 8,264 4,036 4,367
Maintenance 1,800 1,991 (191) 5,094II
126,773 122,962 3,811 114,537
TOTAL COMMUNITY
DEVELOPMENT 334,981 326,854 8,127 282,101
COMMUNITY SERVICES II
Library
Personal services 254,502 244,864 9,638 229,349
Supplies 59,512 64,030 (4,518) 55,87311
Other charges and
services 8,506 10,660 (2,154) 9,186
Maintenance 1,050 711 339 936
Capital outlay 600 - 600 -
324,170 320,265 3,905 295,344 II
Parks and Recreation
Personal services 156,426 143,927 12,499 145,188
Supplies 32,355 26,525 5,830 25,279 II
Other charges and
services 104,931 77,668 27,263 66,444
Maintenance 29,120 41,296 (12,176) 27,953
Capital outlay 71,286 30,890 40.396 60,671
394,118 320,306 73,812 325,535
Community Activities
Personal services 28,089 28,871 (782) 24,880 II
Supplies 18,706 19,701 (995) 15,311
Other charges and
services 36,557 45,321 (8,764) 32,575II
Maintenance 5,470 1,805 3,665 1,039
Capital outlay - - - 2,021
88,822 95,698 (6,876) 75,826
Swimming Pool II
Personal services 46,691 41,665 5,026 46,131
Supplies 8,525 9,024 (499) 7,876
Other charges and
services 5,625 6,216 (591) 5,530 II
Maintenance 13,825 16,975 (3,150) 13,380
Capital outlay 1,000 - 1.000 2,095
75,666 73,880 1,786 75,012 1
-78-
I
I CITY OF FRIENDSWOOD TEXAS
IIGENERAL FUND EXHIBIT A-3
SCHEDULE OF EXPENDITURES- BUDGET AND ACTUAL- BY OBJECT 6 of 6
IIYear ended September 30, 1992
I 1992
VARIANCE-
, FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
COMMUNITY SERVICES (continued)
I Building Operations
Personal services 30,571 29,584 987 28,525
Supplies 11,770 4,865 6,905 5,287
Other charges and
II services 138,117 152,601 (14,484) 142,228
Maintenance 25,850 26,949 (1,099) 20,401
Capital outlay 5.045 10,655 (5.610) 15,447
211,353 224,654 (13,301) 211,888
II Health Services
Personal services 23,470
Supplies 4,050 2,940 1,110 -
II Other Charges and
Services 43.000 49.296 (6,296) 41,531
47.050 52,236 (5,186) 65,001
TOTAL COMMUNITY
II SERVICES 1 ,141 .179 1 ,087,039 54,140
TOTAL EXPENDITURES1,048,606
$7,259,379 $6,995,948 $ 263,431 $6,363,405
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SPECIAL REVENUE FUNDS
These funds are used to account for the proceeds of specific revenue sources
that are legally restricted to financing specified purposes. The following
describes the various types of Special Revenue Funds used by the City:
Parks and Recreation Reserve Fund
This fund receives donations that are restricted for the use of the parks and
recreation programs of the City.
Mowing Liens Fund
This fund records revenues and expenditures in connection with the filing of
1 liens on property where the owner has failed to comply with the mowing
ordinance.
Police Investigation Fund
This fund receives funds that are restricted to police investigation.
Fire/EMS Donation Fund
This fund receives donations that are restricted for Fire/EMS capital outlays.
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CITY OF FRIENDSWOOD, TEXAS 11
SPECIAL REVENUE FUNDS1!
COMBINING BALANCE SHEET
September 30, 1992 11
PARKS AND POLICE !I
RECREATION INVESTIGATION
ASSETS
Equity in pooled cash and
investments - restricted $2,309 $5,885
Accounts receivables 11
Liens
Interest receivable
TOTAL ASSETS $2.309 $5,885
LIABILITIES AND FUND BALANCES11
LIABILITIES
Accounts payable11
Deferred revenue
liens receivable
TOTAL LIABILITIES
FUND BALANCES
Reserved for encumbrances
Reserved for expenditures $2,309 $5,885
Unreserved
TOTAL FUND BALANCES 2.309 5,885
TOTAL LIABILITIES AND
FUND BALANCES $2,309 $5,885
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11 EXHIBIT B-1
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FIRE/EMS TOTAL
DONATIONS 1992 1991
$2,287 $10,481 $74,030
22,250
I 5
$2,287 $10,481 $96,285
i
$ 2,463
I 22,250
24,713
11 63
$2,287 $10,481 2,212
69,297
2.287 10.481 71.572
$2.287 $10.481 $96,285
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUNDS EXHIBIT B-2
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
Year ended September 30, 1992
POLICE
PARRS AND INVESTI- FIRE/EMS TOTAL
RECREATION MOWING CATION DONATIONS 1992 1991
REVENUES
Donations $53,055 $53,055 $53,644 II
Interest $ 97 $ 644 1,335 2,076 4,910
Other 24,858 24.858 19.832
TOTAL REVENUES 97 25,502 54,390 79,989 78,386 II
EXPENDITURES
Public safety 28,742 100,548 129,290 53,390
Community development 7,400 II
TOTAL EXPENDITURES 28.742 100.548 129.290 60.790
REVENUES OVER (UNDER)
EXPENDITURES 97 (3,240) (46,158) (49,301) 17,596 11
Fund balances at
beginning of year 2,212 $11,790 9,125 48,445 71,572 53,976 II
Residual equity
transfer (11.790) (11.790)
FUND BALANCES AT
END OF YEAR $2,309 $ -0- $ 5,885 $ 2,287 $10.481 $71,572 II
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CITY OF FRIENDSWOOD TEXAS
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-3
COMPARATIVE BALANCE SHEETS
September 30, 1992 and 1991
1992 1991
ASSETS
Equity in pooled cash and investments $2,309 $2,212
TOTAL ASSETS $2,309 $2,212
FUND BALANCES
Reserved for pool expenditures $2,309 $2,212
TOTAL FUND BALANCES $2,309 $2,212
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (PARKS AND RECREATION) EXHIBIT B-4
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1992
I
1992
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
Interest income $160 $ 97 $(63) $ 160
Fund balances at beginning
of year 2.212 2.052
FUND BALANCES AT
END OF YEAR $2 309 $2,212
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-5
COMPARATIVE BALANCE SHEETS
September 30, 1992
1992 (A) 1991
11 ASSETS
Equity in pooled cash and investments - restricted $ -0- $11,936
Accounts receivable - liens 22.250
TOTAL ASSETS $ -0- $34,186
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable $ -0- $ 146
11 Deferred liens receivable 22.250
TOTAL LIABILITIES -0- 22,396
FUND BALANCES
Reserved for encumbrances 63
Unreserved 11.727
11 TOTAL LIABILITIES AND
FUND BALANCES $ -0- $34,186
(A) The fund was closed and the equity transferred to the general fund at the
beginning of 1992.
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CITY OF FRIENDSWOOD TEXAS
SPECIAL REVENUE FUND (MOWING) EXHIBIT B-6
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE- BUDGET AND ACTUAL I
Year ended September 30, 1992
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1992
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
Interest $ 2,194
Other revenue 8,883
TOTAL REVENUES 11,077
EXPENDITURES
Community Development
Inspections
Supplies 388
Services - other charges 7,012
TOTAL EXPENDITURES 7,400
REVENUES OVER
(UNDER) EXPENDITURES 3,677111
Fund balance at beginning
of year $11,790 8,113
Residual equity transfer to
General Fund 11,790
FUND BALANCE AT
END OF YEAR $ -0- $11,790
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (POLICE INVESTIGATION FUND) EXHIBIT B-7
COMPARATIVE BALANCE SHEETS
' September 30, 1992 and 1991
1992 1991
ASSETS
Equity in pooled cash and investments - restricted $5,885 $11,324
Interest receivable 1
ITOTAL ASSETS $5,885 $11,325
1 LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 2,200
TOTAL LIABILITIES 2,200
FUND BALANCE
Reserved for expenditures $5,885 9,125
TOTAL LIABILITIES AND
FUND BALANCES $5,885 $11,325
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (POLICE INVESTIGATION FUND) EXHIBIT B-8
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE- BUDGET AND ACTUAL I
Year ended September 30, 1992
I
1992
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
U.S. Marshal revenue $24,857 $24,858 $ 1 $10,949
Interest - 644 644 484
TOTAL REVENUES 24,857 25,502 645 11,433
EXPENDITURES
Public safety
Police
Supplies 10,638 10,673 (35) 3,306
Services and other charges 753 370 383 1,831
Capital outlay 22,591 17,699 4,892 8,650
TOTAL EXPENDITURES 33,982 28,742 5,240 13.787
REVENUES OVER
(UNDER) EXPENDITURES $(9,125) $(3,240) $5 885 (2,354)
Fund balance at beginning
of year 9.125 11,479
FUND BALANCE AT
END OF YEAR $ 5,885 $ 9,125
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (FIRE/EMS DONATIONS) EXHIBIT B-9
COMPARATIVE BALANCE SHEETS
September 30, 1992 and 1991
1992 1991
ASSETS
Equity in pooled cash and investments - restricted $2,287 $ 48,558
Interest receivable 4
TOTAL ASSETS $2,287 $ 48,562
LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable $ 117
TOTAL LIABILITIES 117
FUND BALANCE
Reserved for expenditures $2,287 48,445
TOTAL LIABILITIES AND
FUND BALANCES $2,287 $ 48.562
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CITY OF FRIENDSWOOD, TEXAS
SPECIAL REVENUE FUND (FIRE/EMS DONATIONS) EXHIBIT B-10
STATEMENT OF REVENUE, EXPENDITURES AND
CHANGES IN FUND BALANCE- BUDGET AND ACTUAL
Year ended September 30, 1992
1992
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
REVENUES
Donations $ 50,000 53,055 $3,055 $53,644
Interest 1.100 1.335 235 2.072
TOTAL REVENUE 51,100 54,390 3,290 55,716
EXPENDITURES
Public Safety
Fire/EMS
Capital outlay 101,500 100,548 952 39.603
REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES $(50.400) (46,158) 4.242 16,113
Fund balance at beginning
of year 48,445 32.332
FUND BALANCE AT END OF YEAR $ 2,287 $48,445
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DEBT SERVICE FUND
This fund is used to account for the accumulation of
resources and for the payment of principal and interest
on general long-term debt of the City.
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CITY OF FRIENDSWOOD TEXAS
DEBT SERVICE FUND EXHIBIT C-1
COMPARATIVE BALANCE SHEETS
September 30, 1992 and 1991 11
1992 1991
ASSETS
Equity in pooled cash and investments $ 78,244 $ 50,852
Taxes receivable 83,221 92,297
Interest receivable - 4
TOTAL ASSETS $161,465 $143,153
LIABILITIES AND FUND BALANCES ,
LIABILITIES
Deferred revenue $ 83,221 $ 92,297 1
FUND BALANCE
Reserved for debt service 78,244 50,856 1
TOTAL LIABILITIES AND FUND BALANCES $161,465 $143,153
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I CITY OF FRIENDSWOOD TEXAS
IDEBT SERVICE FUND EXHIBIT C-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IIN FUND BALANCE - BUDGET AND ACTUAL
Year ended September 30, 1992
I
1992
I VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
1 REVENUES
Taxes $1,292,731 $1,327,132 34,401 $1,271,301
IInterest 21,500 15,498 (6,002) 24,175
TOTAL REVENUES 1,314,231 1,342,630 28,399 1,295,476
IEXPENDITURES
Principal Retirement 830,000 830,000 763,192
I Interest and fiscal charges
Interest 475,300 475,300 527,453
Other fiscal charges 12,200 9,942 2,258 11.283
I 487,500 485,242 2,258 538,736
TOTAL EXPENDITURES 1.317,500 1 ,315,242 2,258 1 ,301 ,928
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REVENUES OVER (UNDER)
EXPENDITURES $ (3 ,269) 27,388 30,657 (6,452)
Fund balances at beginning of
I year 50,856 57,308
FUND BALANCES
AT END OF YEAR $ 78.244 $ 50,856
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' CAPITAL PROJECTS FUND
This fund is used to account for financial resources to
be used for the acquisition and construction of major
' capital facilities.
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CITY OF FRIENDSWOOD TEXAS
CAPITAL PROJECTS FUND EXHIBIT D-1
COMPARATIVE BALANCE SHEETS
September 30, 1992 and 1991 1
1992 1991
ASSETS
Equity in pooled cash and $717,066 $428,365
investments - restricted
Inventory 2,383
Interest receivable - 22
TOTAL ASSETS $719,449 $428.387
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable $ 13,376 $ 72,842
Accrued expenses - 535
TOTAL LIABILITIES 13,376 73 377
FUND BALANCES
Reserved for prepaid expenditures
and other assets 2,383
Reserved for encumbrances 182,553 191,116
Reserved for construction 521,137 163.894
TOTAL FUND BALANCES 706,073 355,010
TOTAL LIABILITIES AND FUND BALANCES $719.449 $428,387 11
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11 CITY OF FRIENDSWOOD, TEXAS
IICAPITAL PROJECTS FUND EXHIBIT D-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IIIN FUND BALANCE -BUDGET AND ACTUAL
Year ended September 30, 1992
II
1992
I
VARIANCE-
FAVORABLE 1991
ACTUAL BUDGET (UNFAVORABLE) ACTUAL
IIREVENUES
Donations $ 54,319 $ 18,661 $(35,658)
I
Interest 15,300 16,587 1,287 $ 30,384
Other 715 715 -
TOTAL REVENUES 69,619 35,963 (33,656) 30,384
II EXPENDITURES - CAPITAL OUTLAYS
Public Works
Streets 478,755 90,082 388,673 570,487
Drainage 313.463 86,346 227,117 29,335
i 792,218 176,428 615,790 599,822
Parks and Recreation
Park improvements 257,236 150,840 106,396 61,420
11 Public Facilities
Building improvements 57,310 44,686 12.624 49,013
11 TOTAL EXPENDITURES -
CAPITAL OUTLAYS 1,106,764 371.954 734,810 710,255
REVENUES OVER (UNDER)
II EXPENDITURES (1,037,145) (335,991) 701,154 (679,871)
OTHER FINANCING SOURCES (USES)
Operating transfers in 687,054 687,054 - 448,676
II REVENUES AND OTHER SOURCES
OVER (UNDER) EXPENDITURES $ (350,091) 351,063 $701 ,154 (231,195)
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Fund balances at beginning
of year 355,010 586,205
FUND BALANCES AT
IIEND OF YEAR $706,073 $355,010
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ENTERPRISE FUND
The Enterprise Fund is established to account for operations which are
intended to be self-supporting through user charges. The City of
1 Friendswood operates the water and sewer system on this basis.
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CITY OF FRIENDSWOOD, TEXAS 11
ENTERPRISE FUND (WATER AND SEWER) II
COMPARATIVE BALANCE SHEETS
September 30, 1992 and 1991 11
1992 1991 II
ASSETS
CURRENT ASSETS II
Equity in pooled cash and investments $ 1,051,938 $ 1,570,104
Accounts receivable - less allowance I
for uncollectibles 590,323 524,342
Due from other funds 205 -
Accrued interest - 158
Prepaid expenses 12.582 11.899
TOTAL CURRENT ASSETS 1,655,048 2,106,503 II
RESTRICTED ASSETS
Cash and investments 421,643 453,751II
Blackhawk operating fund deposit 129.191 120.436
TOTAL RESTRICTED ASSETS 550,834 574,187
PROPERTY, PLANT AND EQUIPMENT - at cost II
Land 249,417 218,462
Buildings, improvements and equipment 27,337,191 26,329,215
Construction in progress 235.357 350.376II
27,821,965 26,898,053
Less allowance for depreciation 6.294,807 5.671,466
TOTAL PROPERTY, PLANT AND EQUIPMENT 21,527,158 21,226,587 11
OTHER ASSETS
Unamortized certificate of obligation
costs 27,383 29,665 11
1
TOTAL ASSETS $23,760,423 $23,936,942
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-102- II
II
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EXHIBIT E-1
11
1992 1991
LIABILITIES AND FUND EQUITY
11 LIABILITIES
Current liabilities (payable from
current assets)
11 Accounts payable $ 240,790 $ 256,336
Compensated absences 49,027 48,700
Accrued expenses 21,292 16,741
Contracts payable - 22.095
11
311,109 343,872
Current liabilities (payable from
restricted assets)
Accrued interest 27,589 28,966
II Current portion of long-term debt 250,000 235,000
Deposits 121.865 80,065
399,454 344,031
II Long-term liabilities
Certificates of obligation 3,895,000 4,010,000
Revenue bonds 465.000 600.000
4.360,000 4.610.000
IITOTAL LIABILITIES 5,070,563 5,297,903
FUND EQUITY
Contributed capital 14,459,049 13,964,869
11 Retained earnings
Reserved for revenue bond retirement 532,366 401,860
Reserved for construction 384,828 863,992
Unreserved 3 ,313.617 3,408.318
TOTAL RETAINED EARNINGS 4,230,811 4,674.170
11 TOTAL FUND EQUITY 18.689.860 18,639.039
TOTAL LIABILITIES AND FUND EQUITY $23,760,423 $23,936,942
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CITY OF FRIENDSWOOD, TEXAS
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-2 ill
l
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS-
BUDGET AND ACTUAL
T
Year ended September 30, 1992
7
1992
VARIANCE-
FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Operating revenues
Water charges $2,435,538 $2,428,937 $ (6,601) $2,286,785
Sewer charges 1,032,687 1,031,407 (1,280) 1,029,185 sk.
Fees and penalties 78,774 78,697 (77) 28,945
Other 29.650 28.338 (1,312) 33.407
IT
3,576,649 3,567,379 (9,270) 3,378,322
Operating expenses before
depreciation -
See Exhibit E-3 2,244,689 2,063.694 180,995 1,857,809
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OPERATING INCOME
BEFORE DEPRECIATION 1,331,960 1,503,685 171,725 1,520,513
Depreciation expense 648.639 648,639 472,381 !!
OPERATING INCOME 683,321 855,046 171,725 1,048,132
Non-operating income (expense) t!
Interest on investments 74,864 70,582 (4,282) 148,286
Interest expense (337,954) (337,952) 2 (351,201)
(263,090) (267,370) (4,280) (202,915) 11
INCOME BEFORE OPERATING.
TRANSFERS 420,231 587,676 167,445 845,217
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Operating transfers out 1.031.035 1.031.035 - 1,125,913
NET INCOME (LOSS) $ (610,804) (443,359) $ 167,445 (280,696)
Retained earnings at
beginning of year 4,674,170 4,954,866
RETAINED EARNINGS AT
END OF YEAR $ 4.230,811 $4,674,170 1!
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CITY OF FRIENDSWOOD, TEXAS
1 ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-3
SCHEDULE OF OPERATING EXPENSES- BUDGET AND ACTUAL
IIYear ended September 30, 1992
1992
VARIANCE-
I FAVORABLE 1991
BUDGET ACTUAL (UNFAVORABLE) ACTUAL
Water
11 Personal services $ 204,512 $ 188,834 $ 15,678 $ 180,147
Supplies 34,850 32,791 2,059 34,351
Other services and charges 604,847 493,187 111,660 427,321
Maintenance 63,543 55,316 8.227 58,095
907,752 770,128 137,624 699,914
Sewer
Personal services 155,349 143,088 12,261 137,032
Supplies 15,025 11,392 3,633 11,761
II Other services and charges 732,241 753,093 (20,852) 638,640
Maintenance 89,649 82,967 6.682 66,007
992,264 990,540 1,724 853,440
II Operation Administration
Personal services 81,727 80,306 1,421 75,659
Supplies 2,275 2,043 232 1,702
Other services and charges 1,871 1,063 808 1,490
Maintenance 775 537 238 539
II86,648 83,949 2,699 79,390
Finance - Administration
Utility Billing
II Personal services 139,113 107,201 31,912 122,801
Supplies 7,985 8,496 (511) 6,974
Other services and charges 33,511 33 ,706 (195) 33,952
Maintenance 2.375 1.916 459 2.960
II182,984 151,319 31,665 166,687
Finance - Computer Services
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Supplies 1,575 1,286 289 822
Other services and charges 510 (510) 7,478
Maintenance 4.515 3.503 1.012 2,898
6,090 5,299 791 11,198
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Insurance
Other services and charges 18,987 17,998 989 7,433
Engineering
IIPersonal services 40,348 35,693 4,655 37,608
Supplies 550 1,900 (1,350) 497
Other services and charges 7,866 5,139 2,727 1,642
Maintenance 1,200 1,729 (529) -
I49,964 44,461 5,503 39.747
OPERATING EXPENSES BEFORE
DEPRECIATION $2,244,689 $2,063,694 $180,995 $1 ,857,809
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CITY OF FRIENDSWOOD, TEXAS
IENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-4
SCHEDULE OF REVENUE BONDS PAYABLE
ISeptember 30, 1992
IIDATE OF OUTSTANDING
INTEREST DATE OF MOUNT OF FINAL AT SEPT. 30,
I DESCRIPTION RATE ISSIIE ISSIIE MATURITY 1992
Waterworks and Sanitary
Sewer System Revenue
Bonds, Series 1969 6.125% 5-1-69 $360,000 3-1-99 $295,000
Waterworks and Sanitary
Sewer System Junior Lien
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Revenue Bonds,
Series 1979 5.50 6-1-79 100,000 3-1-93 100,000
5.50 6-1-79 100,000 3-1-94 100,000
5.50 6-1-79 100,000 3-1-95 100,000
1 5.50 6-1-79 5,000 3-1-96 5.000
305.000
ITOTAL REVENUE BONDS PAYABLE $600,000
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CITY OF FRIENDSWOOD, TEXAS
ENTERPRISE FUND (WATER AND SEWER FUND)
SCHEDULE OF REVENUE BONDS PAYABLE- BY MATURITY DATE
September 30, 1992
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTAL
1993 $135,000 $31,022 $166,022
1994 135,000 23,378 158,378
1995 140,000 15,581 155,581
1996 45,000 10,244 55,244
1997 45,000 7,503 52,503
1998 50,000 4,594 54,594
1999 50,000 1,531 51,531
$ 600,000 $ 93,853 $693,853 1
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EXHIBIT E-5
111 I
REVENUE BONDS
WATERWORKS AND WATERWORKS AND
' SANITARY SEWER SYSTEM SANITARY SEWER SYSTEM
REVENUE BONDS JUNIOR LIEN REVENUE BONDS
SERIES 1969 SERIES 1979
PRINCIPAL INTEREST PRINCIPAL INTEREST
11 $35,000 $16,997 $100,000 $14,025
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
$295,000 $ 68,140 $305.000 $ 25,713
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CITY OF FRIENDSWOOD, TEXAS
ENTERPRISE FUND (WATER AND SEWER FUND) EXHIBIT E-6
SCHEDULE OF CERTIFICATE OF OBLIGATION - BY MATURITY DATE
September 30, 1992
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTAL
1993 $115,000 $291,409 $406,409I
1994 130,000 281,150 411,150
1995 145,000 269,634 414,634
1996 260,000 252,675 512,675
1997 285 000 230173 . .. _._..__.._,__. ..._.._r_ __._.._55 ;73..
1998 _ -� 305,000 208,037 513,037
1999 335,000 185,790 520,790
2000 415,000 159,332 574,332
2001 450,000 128,512 578,512
�y�' 2002 485,000 94,843 579,843
2003 525,000 58,231 583,231
2004 560,000 19,600 579,600
$4,010.000 $2,179,386 $6,189,386
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TRUST AND AGENCY FUND
I1776 Park Trust Fund
I This fund has been established by the City to account
for 1776 Park assets held by the City in a trustee
capacity.
IDeferred Compensation Agency Fund
This fund is used to account for assets held for
I employees in accordance with the provisions of
Internal Revenue Code Section 457.
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CITY OF FRIENDSWOOD, TEXAS
TRUST AND AGENCY FUNDS EXHIBIT F-1
COMBINING BALANCE SHEETS
September 30, 1992
NON-
EXPENDABLE
TRUST AGENCY
DEFERRED
1776 CONPEN- TOTAL
PARR SATION 1992 1991
ASSETS 1
Equity in pooled cash investments $27,939 $ 27,939 $ 26,765
Investments $305,671 305,671 251,100
Land 57,200 57,200 57,200
Interest receivable 0 2
TOTAL ASSETS $85,139 $305.671 $390,810 $335,067
LIABILITIES AND FUND BALANCE
Liabilities
Deferred compensation benefits
payable $305,671 $305,671 $251,100
Fund balance
Reserved for endowments $67,200 67,200 67,200
Unreserved, Undesignated 17,939 17,939 16,767
TOTAL FUND BALANCE 85,139 85,139 83.967
TOTAL LIABILITIES AND
FUND BALANCE $85,139 $305,671 $390,810 $335,067
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CITY OF FRIENDSWOOD, TEXAS
' 1776 PARK TRUST FUND (NON-EXPENDABLE TRUST) EXHIBIT F-2
COMPARATIVE BALANCE SHEETS
111 September 30, 1992 and 1991
1992 1991
ASSETS
Equity in pooled cash and
investments - restricted $27,939 $26,765
Land 57,200 57,200
Interest receivable 2
TOTAL ASSETS $85,139 $83,967
FUND BALANCES
Reserved for endowments $67,200 $67,200
Unreserved
Undesignated 17,939 16,767
TOTAL FUND BALANCES $85,139 $83,967
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CITY OF FRIENDSWOOD TEXAS
1776 PARK TRUST FUND (NON-EXPENDABLE TRUST) EXHIBIT F-3
COMPARATIVE STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN FUND BALANCES I
Years ended September 30, 1992 and 1991
1992 1991
REVENUES
Interest income $ 1,172 $ 1,934
Fund balances at beginning of year 83.967 82.033 1
FUND BALANCES AT END OF YEAR $85,139 $83,967
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I CITY OF FRIENDSWOOD, TEXAS
IDEFERRED COMPENSATION AGENCY FUND EXHIBIT F-4
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
1 September 30, 1992 and 1991
I BALANCE BALANCE
OCT. 1, SEPT. 30,
1991 ADDITIONS DELETIONS 1992
IASSETS
Investments $251,100 $57,113 $2,542 $305,671
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LIABILITIES
IDeferred compensation
benefits payable $251,100 $57,113 $2,542 $305,671
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GENERAL FIXED ASSETS ACCOUNT GROUP
1 This account group is established to account for the fixed assets owned
by the City exclusive of those relating to the Enterprise Fund or
Fiduciary Fund. Expenditure transactions to acquire general fixed
I assets occur in the General Fund, Special Revenue Funds and Capital
Projects Fund.
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CITY OF FRIENDSWOOD TEXAS !I
GENERAL FIXED ASSETS EXHIBIT G-1 !I
COMPARATIVE SCHEDULES OF GENERAL FIXED ASSETS-
BY SOURCE
September 30, 1992 and 1991
1992 1991
General Fixed Assets
Land $1,424,893 $ 1,413,057
Buildings 2,452,811 2,433,849
Improvements 12,170,845 12,007,880
Equipment 3,465,437 2,735,960
Construction in progress 109,110 3,660
TOTAL GENERAL FIXED ASSETS $19,623,096 $18,594,406
Investment in General Fixed Assets from
General obligation bonds $ 4,572,653 $ 4,572,653
Time warrants and certificates of
obligation 444,500 444,500
Federal, state and local obligations 3,082,183 3,043,872
Municipality 10,490,900 9,601,069
Donations 1,032,860 932,312I/
TOTAL INVESTMENT IN
GENERAL FIXED ASSETS $19,623,096 $18,594,406
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11 CITY OF FRIENDSWOOD, TEXAS
IIGENERAL FIXED ASSETS EXHIBIT G-2
SCHEDULE OF GENERAL FIXED ASSETS- BY FUNCTION AND ACTIVITY
IISeptember 30, 1992
ICONSTRUCTION
FUNCTION AND IN
11 ACTIVITY LAND BUILDINGS 'IMPROVEMENTS EQUIPMENT PROGRESS TOTAL
General Government
Inspections $ 24,202 $ 24,202
II City Hall $ 453.389 $ 606.934 $ 24,704 527.092 1 ,612,119
453,389 606,934 24,704 551,294 1,636,321
I Public Safety
Police 153,830 16,760 790,199 960,789
Fire 18,000 267,322 1 ,240,166 1,525,488
Animal Control 65,968 2,708 27,086 95,762
11 Emergency
Management 38,463 38,463
18,000 487,120 19,468 2,095,914 2,620,502
Public Works
11 Street and
drainage 106,991 168,702 11,435,556 189,925 11,901,174
Sanitation 3.500 254.997 30.514 289.011
110,491 168,702 11,690,553 220,439 12,190,185
II Community Services
Library 28,838 375,199 17,693 183,705 605,435
Parks and
I recreation 814,175 134,460 415,190 396,012 1,759,837
Swimming pool 680,396 3,233 18,077 701,706
843,013 1,190,055 436,116 597,794 3,066,978
II Construction in
progress $109,110 109,110
$1,424,893 $2.452.811 $12,170,841 $3,465,441 $109,110 $19,623,096
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CITY OF FRIENDSWOOD, TEXAS II
GENERAL FIXED ASSETS EXHIBIT G-3
II
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS-
BY FUNCTION AND ACTIVITY
11
Year ended September 30, 1992
II
BALANCE AT BALANCE AT
SEPT. 30. 1991 ADDITIONS RETIREMENTS SEPT. 30. 1992
General Government
Inspections $ 24,202 $ 24,202
City Hall 1.536,846 $ 77,581 $ 2.308 1.612.119II
1,561,048 77,581 2,308 1,636,321
Public Safety
Police 774,271 208,304 $21,786 960,789II
Fire 1,166,659 358,829 1,525,488
Animal control 95,762 95,762
Emergency
management 36,736 1,727 38.463II
2,073,428 568,860 21,786 2,620,502
Public Works
Street andI/
drainage 11,755,089 154,085 8,000 11,901,174
Sanitation 289.011 289.011
12,044,100 154,085 8,000 12,190,185
Community services II
Library 601,872 3,563 605,435
Parks and
recreation 1,608,592 151,245 1,759,837
Swimming pool 701.706 701.706
2,912,170 154,808 3,066,978
Construction in
progress 3.660 107.610 2.160 109.110 II
TOTAL $18,594.406 $1,062,944 $34,254 $19,623,096
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GENERAL LONG-TERM DEBT ACCOUNT GROUP
The purpose of this account group is to account for general obligation
indebtedness to be retired primarily from future assessment of
property taxes.
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CITY OF FRIENDSWOOD, TEXAS
GENERAL LONG-TERM DEBT
STATEMENT OF CHANGES IN GENERAL LONG-TERM DEBT
Year ended September 30, 1992
BALANCE AT
OCT. 1,
1991
Amount available in Debt Service Fund $ 50,856
Amount to be provided for retirement
of long-term debt 7,444,922
TOTAL AVAILABLE AND
TO BE PROVIDED $7,495,778
Classification of debt
Certificates of obligation 130,000
General obligation bonds 7,365,778
TOTAL GENERAL LONG-TERM DEBT $7,495,778
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-122-
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EXHIBIT H-1
I
DEBT SERVICE BALANCE AT
OBLIGATIONS FUND SEPT. 30,
RETIRED OPERATIONS 1992
$27,388 $ 78,244
$830,000 (27,388) 6,587,534
,5830,000 $ -0- $6,665,778
$ 40,000 $ 90,000
790,000 6,575,778
$830,000 $6,665,778
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CITY OF FRIENDSWOOD TEXAS
GENERAL LONG-TERM DEBT EXHIBIT H-2
SCHEDULE OF GENERAL LONG-TERM DEBT
September 30, 1992
DATE OF OUTSTANDING
INTEREST DATE OF AMOUNT OF FINAL AT SEPT. 30,
DESCRIPTION RATE ISSUE ISSUE MATURITY 1992
Certificate of
Obligation 8.375 12-01-88 45,000 03-01-93 $ 45,000
8.375 12-01-88 45,000 03-01-94 45.000
TOTAL CERTIFICATES OF OBLIGATION PAYABLE 90,000
I/ Refunding bonds
Series 1986 6.75 08-15-86 835,000 03-01-93 835,000
7.00 08-15-86 890,000 03-01-94 890,000
7.10 08-15-86 855,000 03-01-95 855,000
7.20 08-15-86 935,000 03-01-96 935,000
7.30 08-15-86 990,000 03-01-97 990,000
7.40 08-15-86 795,000 03-01-98 795,000
7.50 08-15-86 835,000 03-01-99 835,000
7.75 08-15-86 310,834 03-01-00 310,834
7.80 08-15-86 55,898 03-01-01 55,898
7.85 08-15-86 27,209 03-01-02 27,209
7.90 08-15-86 24,993 03-01-03 24,993
7.90 08-15-86 21,844 03-01-04 21,844
TOTAL BONDS PAYABLE 6,575,778
TOTAL GENERAL LONG-TERM DEBT $6,665,778
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CITY OF FRIENDSWOOD, TEXAS 11
GENERAL LONG-TERM DEBT11
GENERAL LONG-TERM DEBT- BY MATURITY DATE
September 30, 1992 II
11
YEAR ENDING TOTAL
SEPT. 30 PRINCIPAL INTEREST TOTAL
II
1993 $ 880,000 $ 417,884 $ 1,297,884
1994 935,000 354,784 1,289,784
1995 855,000 291,398 1,146,398
1996 935,000 227,385 1,162,385I/
1997 990,000 157,590 1,147,590
1998 795,000 92,040 887,040
1999 835,000 31,313 866,313
2000 310,834 559,166 870,000II
2001 55,898 114,102 170,000
2002 27,209 62,791 90,000
2003 24,993 65,007 90,000
2004 21.844 63.156 85.000II
TOTAL GENERAL
LONG-TERM DEBT $6,665,778 $2,436,616 $ 9,102,394
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-126- 1
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IIEXHIBITH-3
Page 1 of 2
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IREFUNDING BONDS - SERIES 1986
CURRENT INTEREST BONDS COMPOUND INTEREST BONDS
IIPRINCIPAL INTEREST PRINCIPAL INTEREST TOTAL
$ 835,000 $ 412,231 $ 1,247,231
890,000 352,900 1,242,900
11 855,000 291,398 1,146,398
�3�.000 227,385 1,162,385
r 990,000 157,590 1,147,590
nw4' 795,000 92,040 887,040
II a3 835,000 31,313 866,313
$310,834 $559,166 870,000 r
55,898 114,102 170,000 '
27,209 62,791 90,000 '
II 24,993 65,007 90,000 "
21,844 63,156 85,000V%
II $6,135,000 $1,564,857 $440,778 $864,222 $ 9,004,857
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CITY OF FRIENDSWOOD TEXAS
GENERAL LONG-TERM DEBT EXHIBIT H-3
GENERAL LONG-TERM DEBT- BY MATURITY DATE Page 2 of 2
September 30, 1992
CERTIFICATES OF OBLIGATION
YEAR
ENDING
SEPT. 30 PRINCIPAL INTEREST TOTAL !I
1992 $45,000 $ 5,653 $50,653
1994 45,000 1,884 46,884
1995
1996
1997
1998
1999
2000
2001
2003
2003
2004
$90,000 $ 7,537 $ 97,537
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II CITY OF FRIENDSWOOD TEXAS
IIGENERAL LONG-TERM DEBT EXHIBIT H-4
COMPOUND BONDS-ACCRUED INTEREST SCHEDULE
IISeptember 30, 1992
IIYEAR ENDING $310,834 $ 55,898 $27,209 $24,993 $21,844
SEPT. 30 a 7.75% a 7.80% a 7.85% a 7.90% a 7.90%
II 1987 $ 31,384 $ 5,775 $ 2,876 $ 2,703 $ 2,398
1988 26,523 4,811 2,362 2,188 1,915
1989 28,576 5,186 2,547 2,361 2,066
II 1990 30,793 5,590 2,747 2,547 2,230
1991 33,178 6,026 2,963 2,748 2,406
1992 35,750 6,496 3,195 2,966 2,596
1993 38,520 7,003 3,446 3,200 2,801
II
1994 41,506 7,549 3,717 3,453 3,022
3,261
1995 44,723 8,138 4,008 3,725
1996 48,188 8,773 4,323 4,020 3,518
1997 51,923 9,457 4,662 4,337 3,797
1 1998 55,948 10,195 5,028 4,680 4,096
1999 60,282 10,990 5,423 5,050 4,420
2000 31,872 11,847 5,849 5,449 4,769
2001 6,266 6,297 5,879 5,146
2002 3,348 6,344 5,553
II 2003 3,357 5,991
2004 3,171
$559,166 $114,102 $62,791 $65,007 $63,156
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I -129-
MINS N M. EN re — O - - - w am es JINN OM um
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CITY OF FRIENDSWOOD, TEXAS
SCHEDULE OF DELINQUENT TAXES RECEIVABLE EXHIBIT I-1
September 30, 1992
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YEAR AMOUNT
1991 $ 78,211
1990 38,281
1989 37,093
1988 34,515
1987 19,908
1986 16,797
1985 17,085
1984 16,303
1983 31,491
1982 6,902
1981 3,317
1980 2,266
1979 1,793
1978 1,131
1977 344
1976 767
1975 208
1974 42
TOTAL DELINQUENT
TAXES RECEIVABLE $306,453
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CITY OF FRIENDSWOOD TEXAS
3 SZ_5"-.
SCHEDULE OF IMPACT FEES 3 5 z 3
352Z
September 30, 1992
S in
3 532 -
g L17
y2
4-3 4-3
CENTRAL CENTRAL L
SURFACE SERVICE SERVICE
WATER AREA AREA :1
FACILITIES WATER WASTEWATER
IMPROVEMENTS IMPROVEMENTS IMPROVEMENTS
Impact fees $ 0 $22,554 $96,895 II
Interest earned 11 1,059 4,335
Total Impact Fees
II
and Interest
Earned 11 23,613 101,230
Reimbursements for
system wide 1/
improvements 233
FM 528 distribution
and collection
11
line improvements
Land and Easements 30,955
Design Engineering 53,937
Surveying 30,184
II
Preliminary Engineering 5,961
Environmental Assessment 1,625
Debt service
Total Improvements 11
and Debt Service 233 0 122,662
Total Impact Fees
and Interest Earned
I/
Over Improvements
and Debt Service (222) 23,613 (21,432)
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Be innin equity
�} balance q y 233 13,137 67,529
p"ieyio" ENDING EQUITY • C
BALANCE $ 11 $36,750 $46,097
aa,qq s)
23 » 4
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I/ EXHIBIT I-2
3sa1
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4J <Yq 4c?
I OTHER SURFACE 5 9
WATER AND WATER
WASTEWATER DEBT > I,
IMPROVEMENTS SERVICE _.sy ,f TOTAL
I $ 49,142 $258,914 $427,505
2,289 3,446 11,140
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51,431 262,360 438,645
I/ 233
II62,353 62,353
30,955
53,937
I30,184
5,961
1,625
300,364 300,364
I62,353 300,364 485,612
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(10,922) (38,004) (46,967)
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29,971 137,818 248,688
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$ 19,049 $ 99,814 $201,721
1/ )781226
-12-4t 4 '10+
Bch
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CITY OF FRIENDSWOOD, TEXAS 1
STATEWIDE TEXAS MUNICIPAL RETIREMENT SYSTEM
ANALYSIS OF FUNDING PROGRFSS
Last ten fiscal years
PLAN NET ASSETS PENSION
FISCAL CALENDAR AVAILABLE BENEFIT PERCENTAGE
YEAR YEAR FOR BENEFITS OBLIGATION FUNDED
1983 1982 $ 326,385 $ 383,834 85.03%
1984 1983 445,372 575,927 77.33
1985 1984 565,766 703,374 80.44
1986 1985 751,832 1,044,018 72.01
1987 1986 979,872 1,321,465 74.15
1988 1987 1,265,501 1,632,280 77.53
1989 1988 1,582,085 1,878,557 84.22
1990 1989 1,866,216 2,204,025 84.67
1991 1990 2,223,461 2,978,946 74.64
1992 1991 3,323,037 3,606,837 92.13
(A) Information not available
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I/ EXHIBIT I-3
It
UNFUNDED UNFUNDED PENSION AVERAGE
I PENSION ANNUAL BENEFIT OBLIGATION CITY CITY
BENEFIT COVERED AS A PERCENTAGE CONTRIBUTION CONTRIBUTION
PORTION PAYROLL OF COVERED PAYROLL TO TMRS SEPT. 30. 1992
Is 57,449 (A) (A) (A) (A)
130,555 (A) (A) (A) (A)
137,608 (A) (A) (A) (A)
292,186 (A) (A) (A) (A)
II 341,593 $ 2,132,015 16.02% $73,092 3.43%
3.41
366,779 2,516,687 14.57 85,739
296,472 2,615,976 11.33 86,290 3.30
337,809 2,617,976 12.90 97,716 3.73
II 755,485 2,955,563 25.56 171,244 5.79
283,800 3,051,394 9.30 210,370 6.89
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STATISTICAL SECTION
I (The City has not had any special assessments
in the last ten fiscal years.)
I (The City has no legal debt margin.)
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CITY OF FRIENDSWOOD TEXAS II
GENERAL REVENUE- BY SOURCE 1
Last Ten Fiscal Years
1
CHARGES FOR PERMITS IIFISCAL SERVICE FINES AND AND INTER-
YEAR TAXES (SANITATION) FORFEITURES FEES GOVERNMENTAL
1982-83 $2,602,930 $344,178 $102,609 $180,972 $ 97,271 I
1983-84 (1) 3,285,018 431,941 128,694 167,484 335,077
1984-85 4,018,210 532,701 138,302 138,074 535,955 II1985-86 (2) 4,608,491 470,177 120,195 148,740 124,114
1986-87 5,272,714 525,592 184,359 124,913 94,015 II1987-88 5,328,869 545,130 142,516 125,083 48,985
1988-89 5,571,191 542,911 190,106 143,105 53,464
1989-90 5,666,522 595,244 166,982 240,294 50,984 II
1990-91 5,948,464 733,245 166,355 286,421 28,641
1991-92 6,309,109 780,604 171,154 337,539 34,006 1
Includes the General, Special Revenue and Debt Service Funds. I
(1) The City annexed the Wedgewood subdivision (Clearwoods Improvement
District) in December 1983.
(2) The Forest Bend Subdivision (WCID No. 108) was annexed in December 1985. 1
Source - Accounting records of the City. 1
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IEXHIBIT I
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I INTEREST
INCOME OTHER TOTAL
$ 91,593 $123,088 $3,542,641
I112,516 42,473 4,503,203
127,909 41,551 5,532,702
I88,521 28,850 5,589,088
91,011 45,342 6,337,946 I
196,647 106,057 6,493,287
185,037 118,539 6,804,353
I222,328 115,107 7,057,461
232,773 139,525 7,535,424
I153,558 208,466 7,994,436
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CITY OF FRIENDSWOOD, TEXAS II
GENERAL GOVERNMENTAL EXPENDITURES- BY FUNCTIONII
Last Ten Fiscal Years
II
FISCAL GENERAL PUBLIC PUBLIC COMMUNITY COMMUNITY
YEAR GOVERNMENT SAFETY WORKS DEVELOPMENT SERVICES II
1981-82 $ 714,608 $1,188,214 $ 932,268 (4) $361,435 II1983-84 (1) 812,289 1,311,923 1,394,487 (4) 438,375
1984-85 954,086 1,388,760 1,036,157 (4) 441,331 II1985-86 (2) 1,221,176 1,737,503 1,208,630 (4) 532,374
1986-87 1,473,875 1,870,538 1,237,644 (4) 727,525 II1987-88 (3) 1,143,024 1,934,317 1,128,195 249,684 814,380
1988-89 (3) 1,167,194 2,038,066 1,108,423 257,750 768,533
1989-90 (3) 1,258,050 2,173,685 1,196,889 281,723 949,048 I
1990-91 (3) 1,085,683 2,478,564 1,521,841 289,501 1,048,606
1991-92 (3) 1,112,882 3,061,016 1,537,447 326,854 1,087,039 1
Includes the General, Special Revenue and Debt Service Funds. 1
(1) Includes annexation of the Wedgewood subdivision (Clearwoods
Improvement District) in December 1983.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) II
in December 1985.
(3) Function classifications have been revised to reflect the City's '
internal records.
(4) Community Development expenditures included in general government
and public works. II
Source - Accounting records of the City. I
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IEXHIBIT II
I
I DEBT
SERVICE TOTAL
$ 497,405 $3,694,930
I983,609 4,940,683
997,114 4,817,448
1,064,286 5,763,969
1,314,714 6,624,296
1 1,344,693 6,614,293
1,305,728 6,645,694
I1,304,597 7,163,992
1 ,301 ,928 7,726,123
I1,315,242 8,440,480
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3
1
CITY OF FRIENDSWOOD TEXAS
IITAX REVENUES - BY SOURCE EXHIBIT III
Last Ten Fiscal Years
II
II
GENERAL
FISCAL TOTAL PROPERTY SALES FRANCHISE BEVERAGE
YEAR TAXES TAXES TAXES TAXES TAX
II1982-83 $2,602,930 $2,113,715 $336,234 $151,746 $1,235
1983-84 (1) 3,285,018 2,727,942 351,431 204,275 1,370
II1984-85 4,018,210 3,319,149 424,498 273,184 1,379
1985-86 (2) 4,608,491 3,826,171 483,629 297,585 1,106
II1986-87 5,272,714 4,421,343 517,943 332,432 996
1987-88 5,328,869 4,442,540 509,551 375,755 1,023
II1988-89 5,571,191 4,562,856 606,549 400,986 800
1989-90 5,666,522 4,557,133 689,576 419,062 751
II1990-91 5,948,464 4,749,173 739,216 456,566 3,509
1991-92 6,309,109 4,958,863 804,453 541,841 3,952
11
(1) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement ent
District) in December 1983.
II (2) Includes annexation of the Forest Bend subdivision (WCID No. 108) in
December 1985.
IISource - Accounting records of the City.
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CITY OF FRIENDSWOOD TEXAS 6.
PROPERTY TAX LEVIES AND COLLECTIONSEll
Last Ten Fiscal Years
PERCENT PERCENT
FISCAL TAX TAX TOTAL CURRENT TAX OF LEVY
YEAR YEAR RATE TAX LEVY COLLECTIONS COLLECTED
1982-83 1982 $0.735 $2,068,817 $1,989,751 96.18% I!
1983-84 (1) 1983 0.720 2,491,879 2,400,000 96.32
1984-85 1984 0.720 3,348,234 3,224,304 96.301!
1985-86 (2) 1985 0.7095 3,870,699 3,680,672 95.10
1986-87 1986 0.695 4,369,541 4,245,550 97.16 !!
1987-88 1987 0.695 4,351,363 4,248,363 97.63
1988-89 1988 0.695 4,553,066 4,433,139 97.37 !!
1989-90 1989 0.695 4,531,537 4,427,153 97.70
1990-91 1990 0.695 4,636,066 4,561,109 98.381!
1991-92 1991 0.695 4,869,697 4,782,350 98.20
(1) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement 1!
District) in December 1983.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) in1!
December 1985.
Assessment ratio increased in 1980 to 100% of market value per $100 valuation.
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Source - Tax assessor/collector's records.
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II
II
IIEXHIBIT IV
IITOTAL OUTSTANDING
COLLECTION DELINQUENT
I
AS A TAXES AS A
DELINQUENT TOTAL PERCENT OF OUTSTANDING PERCENT OF
TAX TAX TOTAL DELINQUENT TOTAL
COLLECTIONS COLLECTIONS TAX LEVY TAXES LEVY
I
$123,964 $2,113,715 102.17% $123,882 5.99%
50,915 2,450,915 98.36 169,380 6.80
II55,528 3,279,832 97.96 232.879 6.96
112,025 3,792,697 97.98 328,281 8.48
I
133,831 4,379,381 100.23 318,441 7.29
119,686 4,368,049 100.38 301,754 6.93
II79,695 4,512,834 99.12 341,986 7.51
74,484 4,501,637 99.34 371,886 8.21
II114,376 4,675,485 100.85 339,731 7.33
106,158 4,888,508 100.38 306,418 6.29
II
II
I
I
I
I
I
I
I -147-
1
CITY OF FRIENDSWOOD, TEXAS II
ASSFSSED AND ESTIMATED ACTUAL VALUE e OF TAXABLE PROPERTY
Last Ten Fiscal Years
II
FISCAL TAX REAL PROPERTY PERSONAL PROPERTY TOTAL II
YEAR YEAR VALUE (1) VALUE (1) VALUE (1)
1982-83 1982 $291,156,780 $7,295,310 $298,452,090 I
1983-84 1983 436,557,744 6,389,970 442,947,714
1984-85 (1) 1984 588,137,580 10,731,940 598,869,520 I
1985-86 1985 636,203,660 9,688,000 645,891,660
1986-87 (2) 1986 726,482,470 34,305,290 760,787,760 II
1987-88 1987 732,642,639 30,811,878 763,454,517
1988-89 1988 690,062,040 39,852,170 729,914,21011
1989-90 1989 745,236,230 14,605,530 759,841,760
1990-91 1990 719,570,021 41,999,150 761,569,171
11
1991-92 1991 760,801,230 45,459,930 806,261,160
(1) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement II
District) in December 1983.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) in '
December 1985.
Assessed value is 100% of the estimated actual value.
Source - Tax assessor/collector's records. II
II
II
I
I
-148 II
-
I
I
IEXHIBIT V
I
I TOTAL
ASSESSED TAXABLE
VALUE OF ASSESSED
EXEMPTIONS VALUE
I
$85,672,799 $212,779,291
96,853 ,365 346,094,349
133 ,837,020 465,032,500
111 ,788,728 534,102,932
132,076,820 628,710,940
137,359,095 626,095,422
I 95,185,210 634,729,000
106,734,872 653,106,888
I 94,509,321 667,059,850
105,887,890 700,373,270
I
I
I
I
I
I
I -149-
II
II
CITY OF FRIENDSWOOD TEXAS
PROPERTY TAX RATES AND TAX LEVIES - DIRECT AND11
OVERLAPPING GOVERNMENTS
Last ten fiscal years
II
FRIENDSWOOD CLEAR CREEK11
INDEPENDENT INDEPENDENT
FISCAL TAX CITY OF SCHOOL SCHOOL
YEAR YEAR FRIENDSWOOD DISTRICT DISTRICT I
TAX RATE
1982-83 1982 $.735 $1.83 $ .83 '
1983-84 1983 .720 1.79 .82
1984-85 1984 .720 1.46 .82
1985-86 1985 .7095 1.46 .92
1986-87 1986 .695 1.41 .92
1987-88 1987 .695 1.41 .95II
1988-89 1988 .695 1.41 .95
1989-90 1989 .695 1.55 1.075
1990-91 1990 .695 1.55 1.289 II
1991-92 1991 .695 1.65 1.299
TAX LEVIES
1982-83 1982 $2,068,817 $4,854,834 $25,331,425II
1983-84 1983 2,491,879 5,233,942 27,542,883
1984-85 (1) 1984 3,348,234 5,123,436 31,308,670
1985-86 1985 3,870,699 5,802,869 41,309,808 II
1986-87 (2) 1986 4,369,541 6,205,039 44,892,680
1987-88 1987 4,351,363 6,511,149 43,580,000
1988-89 1988 4,553,066 6,841,786 46,654,423
1989-90 1989 4,531,537 7,642,133 54,983,096
1990-91 1990 4,636,066 7,863,639 69,656,556II
1991-92 1991 4,866,767 8,514,081 74,371,200
(1) Includes annexation of the Wedgewood subdivision (Clearwoods Improvement II
District) in December 1983.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) in IIDecember 1985.
Source - Accounting records of the City and tax assessor/collector's records. II
1
II
11
-150 II
-
I
II
IIEXHIBIT VI
II
ICLEAR CREEK PORT OF HARRIS HARRIS COUNTY COUNTY
DRAINAGE HARRIS GALVESTON HOUSTON FLOOD HOSPITAL
DISTRICT COUNTY COUNTY AUTHORITY CONTROL DISTRICT
II TAX RATE
$.150 $.360 $.300 $.020 $.077 $.190
II .150 .377 .395 .013 .079 .202
.150 .277 .395 .009 .055 .134
.150 .27878 .385 .008 .064 .135
.150 .26786 .385 .008 .064 .135
11 .150 .29316 .385 .007 .037 .137
.150 .29455 .415 .011 .038 .146
.150 .326 .445 .013 .062 .166
.150 .31483 .445 .01327 .06185 .16621
II .150 .32188 .465 .01531 .05590 .19621
TAX LEVIES
' $486,722 $238,964,304 $18,137,783 $11,642,531 $36,062,079 $107,474,637
506,281 270,971,084 16,640,815 12,606,319 50,017,423 123,912,426
609,854 312,288,939 28,607,391 9,005,427 56,430,869 144,832,854
742,703 321,822,000 29,255,237 10,899,213 63,456,864 155,479,182
II 740,222 311,338,358 25,228,511 8,786,390 70,125,656 148,971,673
763 ,695 317,419,015 31,021,686 9,333,377 74,667,013 157,500,730
771,330 316,340,000 34,138,033 11,714,922 51,539,087 156,997,245
781,367 310,287,582 36,957,169 13,075,899 60,945,254 163,778,567
' 806,204 339,689,000 42,085,772 13,937,320 60,806,811 179,453,767
856,973 371,558,722 42,139,462 17,149,950 63,113,837 220,564,979
II
II
II
II
II
1
1 -151-
I
CITY OF FRIENDSWOOD, TEXAS
RATIO OF NET GENERAL OBLIGATION BONDED DEBT TO ASSESSED
VALUE AND NET GENERAL OBLIGATION BONDED DEBT PER CAPITA
Last Ten Fiscal years
GROSS LESS DEBT
FISCAL ESTIMATED ASSESSED BONDED SERVICE
YEAR POPULATION VALUE DEBT FUND BALANCE
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 (1) 18,500 598,869,520 8,046,000 200,813 1
1985-86 22,500 645,891,660 10,650,778 459,306
1986-87 (2) 23,000 760,787,760 10,065,778 518,998 1
1987-88 22,500 763,454,517 9,405,778 325,894
1988-89 23,500 729,914,210 8,750,778 280,793 1
1989-90 22,710 759,841,760 8,080,778 57,308
1990-91 22,814 761,569,171 7,365,778 50,854 1
1991-92 25,680 806,261,160 6,575,778 78,244
(1) Includes annexation of the Wedgewood Improvement subdivision (Clearwoods Im rovement I
District) in December 1983.
(2) Includes annexation of the Forest Bend subdivision (WCID No. 108) in 1
December 1985.
Source - Tax assessor/collector's records. 1
I
I
I
I
I
-152- 1
I
IIEXHIBIT VII
il
RATIO OF NET
II
NET BONDED DEBT
BONDED TO ASSESSED NET BONDED DEBT
DEBT VALUE PER CAPITA
I
$6,316,965 2.1% $504
8,225,414 1.9 473
II
7,845,187 1.3 424
10,191,472 1.6 453
I9,546,780 1.3 415
9,079,884 1.2 404
II8,469,985 1.2 360
8,023,470 1.06 353
II7,314,924 0.96 321
6,497,534 .81 253
II
II
II
II
II
11
II
II
I -153-
1
CITY OF FRIENDSWOOD, TEXAS II
COMPUTATION OF NET DIRECT AND ESTIMATED OVERLAPPING DEBT EXHIBIT VIII
II
September 30, 1992
I
PERCENTAGE CITY OF
NET DEBT APPLICABLE FRIENDSWOOD'S
NAME OF GOVERNMENTAL UNIT OUTSTANDING TO CITY OF FRIENDSWOOD SHARE OF DEBT 11
Friendswood Independent IISchool District $ 14,790,000 100.00% $ 14,790,000
Clear Creek Independent
School District 105,725,515 3.94 4,165,585 IIGalveston County 73,351,519 5.68 4,166,366
Harris County 1,006,245,748 .15 150,936,862
Harris County Toll 11
Road Authority 539,118,301 .15 80,867,745
Harris County Flood
Control District 264,535,290 .15 39,680,293 II
Harris County Hospital
District 226,000,000 .15 33,900,000
11
Port of Houston
Authority 104,880,000 .15 15,732,000
TOTAL NET OVERLAPPING DEBT 344,238,851 II
Net General Obligation Bonded Debt - City of Friendswood 6,497,534
TOTAL NET DIRECT AND I
OVERLAPPING DEBT $350,736,385
11
II
11
II
II
11
-154- II
I
CITY OF FRIENDSWOOD, TEXAS
II RATIO OF ANNUAL DEBT SERVICE EXPENDITURES EXHIBIT IX
FOR GENERAL LONG-TERM DEBT TO TOTAL
GENERAL EXPENDITURES
IILast Ten Fiscal Years
IIINTEREST
AND (2) RATIO OF DEBT SERVICE
I
FISCAL TOTAL TOTAL TO TOTAL GENERAL
GOVERNMENTAL
FISCAL AGENT DEBT GENERAL
YEAR PRINCIPAL FEES SERVICE EXPENDITURES EXPENDITURES
II 1982-83 $123,759 $373,646 $497,405 $3,694,930 13.46
1983-84 356,000 627,609 983,609 4,940,683 19.91
I
1984-85 377,608 619,506 997,114 4,817,448 20.70
1985-86 (1) 484,427 579,859 1,064,286 5,763,969 18.46
1986-87 620,386 694,328 1,314,714 6,624,296 19.85
II1987-88 690,323 654,370 1,344,693 6,614,293 20.33
1988-89 687,029 618,699 1,305,728 6,645,694 19.65
II1989-90 721,245 583,352 1,304,597 7,163,992 18.21
1990-91 763,192 538,736 1,301,928 7,726,061 16.85
11 1991-92 830,000 485,242 1,315,242 8,440,480 15.58
II (1) Excludes debt defeased through refunding of $10,032,000.
(2) Includes the General, Special Revenue and Debt Service funds.
II
Source - Accounting records of the City.
II
II
II
II -155-
I
I CITY OF FRIENDSWOOD, TEXAS
ITAX RATE DISTRIBUTION EXHIBIT X
Last Ten Fiscal Years
I
GENERAL DEBT SERVICE TOTAL TAX
TAX YEAR FUND FUND RATE
1982 $ .4835 $ .2515 $.735
I1983 .502 .218 .720
1984 .507 .213 .720
I1985 .5192 .1903 .7095
1986 .481 .214 .695
I1987 .52 .175 .695
1988 .50746 .18754 .695
I1989 .5333 .1617 .695
1990 .50876 .18624 .695
I1991 .509 .186 .695
ISource - City's tax ordinances.
I
I
I
I
I
I
I
I -157-
CITY OF FRIENDSWOOD TEXAS
REVENUE BOND COVERAGE1!
Last Ten Fiscal years
!!
OPERATING NET OPERATING
NUMBER NUMBER EXPENSES REVENUE
FISCAL OF WATER OF SEWER OPERATING BEFORE AVAILABLE FOR
I!
YEAR CUSTOMERS CUSTOMERS REVENUE DEPRECIATION DEBT SERVICE
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
1985-86 6,497 6,238 4,205,395 1,311,526 2,893,869 I!
1986-87 6,514 6,324 3,066,581 1,487,668 1,578,913
1987-88 6,626 6,432 3,071,181 1,526,297 1,544,884 1!
1988-89 6,731 6,539 3,034,892 1,443,986 1 ,590,906
1989-90 6,968 6,719 3,472,772 1,597,064 1,875,708 !!
1990-91 7,336 6,983 3,378,322 1,857,809 1,520,513
1991-92 7,521 7,171 3,567,379 2,063,694 1,503,685
I!
Source - Accounting records of the City.
I
I
I
I
-158-
I
I
' EXHIBIT XI
1
REVENUE BOND
' DEBT SERVICE REQUIREMENTS
PRINCIPAL INTEREST TOTAL COVERAGE
$ 70,000 $91,113 $161,113 3.65
70,000 96,515 166,515 6.42
120,000 92,475 212,475 4.29
' 120,000 83,129 203,129 14.25
125,000 77,566 202,566 7.79
' 125,000 69,720 194,720 7.93
125,000 61,900 186,900 8.51
' 130,000 56,275 186,275 10.07
130,000 46,906 176,906 8.60
135,000 38,916 173 ,916 8.65
I
I
I
I
-159-
7
CITY OF FRIENDSWOOD, TEXAS
PRINCIPAL TAXPAYERS EXHIBIT XII
September 30, 1992
P
PERCENT OF TAXABLE
TAXABLE ASSESSED VALUE
ASSESSED TO TOTAL TAXABLE I!
NAME OF TAXPAYER NATURE OF BUSINESS VALUE ASSESSED VALUE
1. Exxon Oil & Gas $36,540,140 5.22%
!!
2. Southwestern Bell
Telephone Utility Co. 10,669,320 1.52
3. Texas-New Mexico Power Utility Co. 8,913,100 1.27
4. Friendswood Retirement Retirement
Center Home 6,575,140 .94
!!
5. Florida Federal Savings
and Loan Apartments 5,569,000 .80
6. Crosstimber Production Oil & Gas 3,332,890 .48 !!
7. Houston Lighting and
Power Utility Co. 2,984,700 .42
!!
8. Baywood Limited Apartments 2,703,850 .39
9. Jerry Moore Investor 2,662,380 .39IP
oik
10. Salem Square Apartments Apartments 2,412,880 .34
82,363,400 11.76
All others 618,009,870 88.24
TOTAL $700,373,270 100.00% !I
Il
Source - Tax assessor/collector's records. II
I
ll
-160-
I
CITY OF FRIENDSWOOD, TEXAS
IIPROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS EXHIBIT XIII
Last Ten Fiscal Years
II
(B) (C)
II FISCAL (A) BANK PROPERTY
YEAR CONSTRUCTION DEPOSITS VALUE
1983 $31,211,841 $62,256,000 $298,452,090
II1984 31,379,139 67,111,934 486,902,520
1985 28,891,533 72,641,562 598,869,520
II1986 26,920,850 78,645,866 645,891,660
1987 17,337,714 90,775,074 760,787,760
11 1988 19,712,294 133,829,940 763,454,517
1989 14,998,749 148,356,238 729,914,210
II1990 37,068,554 122,671,080 759,841,760
1991 46,975,722 123,012,118 761,569,171
1 1992 63,126,050 115,150,734 806,261,160
11 (A) Source - City inspection records.
(B) Source - Texas Commerce Bank and Community National Bank, Friendswood.
(C) Source - Tax assessor/collector's records.
II
1
II
11
II
II -161-
I
ICITY OF FRIENDSWOOD, TEXAS
IIDEMOGRAPHIC STATISTICS EXHIBIT XIV
Last Ten Fiscal Years
II
FISCAL
II YEAR ENDED POPULATION- PER CAPITA MEDIAN UNEMPLOYMENT
SEPT. 30 A INCOME-B AGE-B RATE-C
1983 12,530 $23,915 27.5 7.9%
II1984 17,365 21,573 27.6 5.9
1985 18,500 24,570 27.9 8.6
II1986 22,500 27,735 27.9 12.6
1987 23,000 29,273 29.7 10.3
II1988 22,500 29,743 29.7 6.8
1989 23,500 * * 6.4
I1990 22,710 * * 5.0
1991 22,814 * * 7.4
il
1992 25,680 * * 8.9
II Note A - Estimated for the years 1983-1989, 1991 and 1992. Actual census
figures were used in 1990.
Note B - Source: Clear Lake Area Chamber of Commerce and Friendswood Chamber of
1 Commerce.
Note C - Source: Texas Employment Commission, Houston Standard Metropolitan
Statistical area, except 1991 and 1992 are based on Galveston
II County Statistical area.
*Information not provided is not available.
II
I/
I
11
11
I/ -163-
I
CITY OF FRIENDSWOOD, TEXAS II
SCHEDULE OF INSURANCE IN FORCE
II
September 30, 1992
I
LOCATION
OR
INSURER POLICY NO. ACTIVITY COVERAGE II
Texas Municipal C06435 City General Liability
League
II
Texas Municipal C06435 Fleet All City Vehicles
League
National Casualty P0212010 Public Elected and 1
Officials Appointed
American States MP4407 Volunteer AD&D
II
Insurance Firemen
National Casualty PL201403 City Comprehensive
Law Enforcement
11
Omaha Property and 0I939707723 Bougainvilla Flood-Building and
Casualty 3-0009-0757-0 Contents
Omaha Property and 01932137639 Library Flood-Building and II
Casualty Contents
Omaha Property and 0I3003462748 Library Annex Flood-Building and
11
Casualty Contents
Omaha Property and 012001944988 Counseling Flood-Building and
Casualty Center Contents
II
Omaha Property and 013001775851 Forest Bend Flood-Building and
Casualty Civic Contents
V /,, , eruct
/t 1-i Q rie,/}/\
1 - I
C? AOi I' I
I
I
I
I
-164-
11
II
IIEXHIBIT XV
1 of 2
II
AMOUNT PERIOD OF
II OF CO GVERAGE
COVERAGE BEGINNIN ENDING PREMIUM
$1,000,000 10-01-91 09-30-92 $58,559
11
1,000,000/ - - - -10 O1 91 09 30 92 63,662
686,886/500,000
II1,000,000 12-19-91 09-30-92 7,607
II50,000 03-27-92 03-27-93 2,458
1,000,000 12-19-91 09-30-92 17,254
I2,000/10,000 11-08-92 11-08-93 110
2,000/5,000 93
II163,400/100,000 08-03-92 08-03-93 733
II55,000/91,600 04-23-92 04-23-93 506
27,500/10,500 04-27-92 04-27-93 171
I/ 100,000/10,000 07-20-92 07-20-93 355
II aso doo o00 /6f 1/az /56/6' 3
I
I
I
I
I
I -165-
I
CITY OF FRIENDSWOOD, TEXAS I
SCHEDULE OF INSURANCE IN FORCE 1
September 30, 1992
11
LOCATION
OR 11INSDRER POLICY NO. ACTIVITY COVERAGE
Omaha Property & 011940990565 Public Works Flood-Building
Casualty and Contents
1/
Omaha Property & 012001256227 Fire Station Flood-Building
Casualty #1 and Contents
Omaha Property & 013003947995 City Hall Flood-Building II
Casualty and Contents
Texas Municipal 00478 City All City Employees
II
League Workers Compensation
Truman Taylor Insurance 18200783 Notary Public Employees
Errors & Omissions
11
American States EX801603 Surety Bond City Manager
American States EX801-648 Surety Bond Tax Assessor/
CollectorII
American States EX801-674 Surety Bond Director of Finance
Truman Taylor TXN284005 Notary Bond Inspections 11
Insurance
Truman Taylor TXN284003 Notary Bond CommunicationsI/
Insurance
Truman Taylor TXN278160 Notary Bond City Secretary
Insurance11
II
11
II
II
II
-166-
1
I
IEXHIBIT XV
2 of 2
I
AMOUNT PERIOD OF
I OF COVERAGE
COVERAGE BEGINNING ENDING PREMIUM
177,100/ 04-07-92 04-07-93 $ 390
I38,300
220,000/ 04-07-92 04-07-93 516
23,100
Il200,000/ 06-13-92 06-13-93 675
75,000
IStatutory 10-01-91 09-30-92 112,264
20,000 02-17-92 02-17-93 133
I50,000 07-01-92 07-01-93 175
I50,000 05-29-92 05-29-93 250
50,000 05-29-92 05-29-93 250
I2,500 09-24-92 09-24-96 71
I2,500 08-13-92 08-13-96 71
I2,500 07-18-92 07-18-96 71
1
I
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I
I
1 -167-
I
CITY OF FRIENDSWOOD, TEXAS
1/
MISCELLANEOUS STATISTICAL DATA EXHIBIT XVI
September 30, 1992 1 of 2
1/
Date of Incorporation October 15, 1960 1
Date of present charter Adopted Home Rule Charter
October 16, 1971
Form of Government Council - Manager I/
Area 21.71 Square Miles
Miles of streets
Streets - paved 111.10 miles
Streets - unpaved 2.4 miles
Fire Protection
Number of stations 3
Number of employees (fulltime equivalent) 6.33
Number of volunteers 87
11
Fire Prevention
Number of employees (fulltime equivalent) 1.50
Number of volunteers 0
11
Police Protection
Number of stations 1
Number of sworn officers (fulltime equivalent) 30.15
Number of patrol units 10
11
Recreation
Number of parks 6 1
Size of parks
Total acres 56.6
Number of golf courses 0 11
Number of swimming pools 1
Number of tennis courts 4
Storm Sewers I
Miles of storm sewer 82.0 miles
I
I
11
-168-
II
IICITY OF FRIENDSWOOD, TEXAS
IIMISCELLANEOUS STATISTICAL DATA EXHIBIT XVI
September 30, 1992 2 of 2
II
Education
I
Friendswood Independent School District
Number of teachers 225.5
Number of students 3,782
11 Clear Creek Independent School District (1)
City employees
Department Heads 7
II Employees
Fulltime 101
Part-time (fulltime equivalents) 23
1 Total 131
Election
Number of votes cast
I Last City election - Regular Election 2,242
Water
Source Ground Water Surface Water
II Average daily consumption 879,568 gallons 2,000,757 gallons
Maximum daily consumption 3,965,000 gallons 3,642,000 gallons
Water mains 90 miles
II Number of connections 7,521
Sewer Blackhawk Tower Estates
Average daily flow 1,895,276 gallons 246,414 gallons
1 Maximum daily flow 5,980,000 gallons 999,000 gallons
Sanitary sewer mains 90 miles
Number of connections 7,171
II (1) Statistical information is not available for the Clear Creek Independent
School District.
II
II
II
11
II
I -169-
II
CITY OF FRIENDSWOOD, TEXAS 11
PRINCIPAL OFFICIALS I
September 30, 1992
II
ELECTIVE
CITY OFFICIALS POSITION EXPIRES
II
Evelyn B. Newman Mayor May 1994
Kitten Hajecate Councilmember - Position No. 1 May 1994
Mel P. Measeles Councilmember - Position No. 2 May 1993
II
Tom Manison Councilmember - Position No. 3 May 1994
Ed Stuart Councilmember - Position No. 4 May 1993
Harold Raley Councilmember - Position No. 5 May 1994
Frank Frankovich Councilmember - Position No. 6 May 1993 1
APPOINTIVE POSITION
Ronald E. Cox City Manager I
Deloris McKenzie City Secretary
Jon Branson Park and Recreation Director
Alta Carbone Tax Assessor-Collector
James E. Thompson Community Development Director II
Melvin L. Meinecke Director of Public Works
Olson & Olson City Attorney .
Claudie Pettigrew Library Director
(Vacant) Fire Marshal
Roger C. Roecker Director of Administrative Services
Jared D. Stout Police Chief
Luis Suarez Judge - Municipal Court
II
Russell E. Williams Emergency Management Director
II
II
11
II
a
I
a
-170- II