1983 Annual Financial Report r 1
City t Wichita Falls, Texas
Annual Financial Report
For Year Ending September 30, 1983
I
Wichita Falls
A X AS
RECEIVED IN
CITY CLERK'S OFFICE
Date
By
CITY OF WICHITA FALLS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
September 30, 1983
PREPARED 8Yf
DEPARTMENT OF FINANCE
FRED L. WERNER, CPA
DIRECTOR OF FINANCE/
CHIEF ACCOUNTING OFFICER
INTRODUCTORY SECTION
CITY OF WICHITA FALLS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED SEPTEMBER 30, 1983
MAYOR AND CITY COUNCIL
Gary Cook, Mayor
Dr. Horace Boston
Mayor Pro Tem Tom Swift
Charles Harper Charles Thomas
Howard Morris Craig Wilson
CITY MANAGER
James Berzina
DIRECTOR OF FINANCE AND
CHIEF ACCOUNTING OFFICER
Fred L. Werner, CPA
INDEPENDENT ACCOUNTANTS
Hupp, Thompson & Company
CITY OF WICHITA FALLS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED SEPTEMBER 30, 1983
TABLE OF CONTENTS
Exhibit Page,
INTRODUCTORY SECTION
Title Page
Table of Contents i
Organizational Chart iv
Letter of Transmittal:
Director of Finance/Chief Accounting Officer v
FINANCIAL SECTION
Accountants' Report 1
General Purpose Financial Statements:
A-1 Combined Balance Sheets — All Fund Types and Account Groups 2
A-2 Combined Statement of Revenues, Expenditures and Changes
in Fund Balances — All Governmental Fund Types 4
A-3 Combined Statement of Revenues, Expenditures and Changes
in Fund Balances — Budget and Actual — General and Special
Revenue Fund Types 5
A-4 Combined Statement of Revenues, Expenses and Changes in
Retained Earnings — All Proprietary Fund Types
(Enterprise Funds Only) 6
A-5 Combined Statement of Changes in Financial Position — All
Proprietary Fund Types (Enterprise Funds Only) 7
Notes to the Financial Statements 8
Combining and individual fund and account group financial
statements:
General Fund
8-1 Balance Sheet 27
B-2 Statement of Revenues, Expenditures and Changes in Fund
Balance — Budget and Actual 28
Special Revenue Funds
C-1 Combining Balance Sheet 31
C-2 Combining Statement of Revenues, Expenditures and Changes
in Fund Balance — Budget end Actual 32
CITY OF WICHITA FALLS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED SEPTEMBER 30, 1983
TABLE OF CONTENTS — Continued
Exhibit Page
Debt Service Fund
D-1 Balance Sheet 33
D-2 Statement of Revenues, Expenditures end Changes in Fund
Balance 34
Capital Protects Fund
E-1 Balance Sheet 35
E-2 Statement of Revenues, Expenditures and Changes in Fund
Balance 36
Special Assessment Fund
F-1 Balance Sheet 37
F-2 Statement of Revenues, Expenditures and Changes in Fund
Balance 38
Enterprise Funds
G-1 Combining Balance Sheets 39
G-2 Combining Statement of Revenues, Expenses and Changes in
Retained Earnings 41
G-3 Combining Statement of Changes in Financial Position 42
Agency Funds
H-1 Combining Balance Sheet 43
H-2 Combining Statements of Changes in Assets end Liabilities 44
SUPPORTING SCHEDULES
I-1 Bonded Debt end Interest Maturities — General Long—Term Debt 47
I-2 Revenue Bonds end Interest Maturities — Airport Fund 48
I-3 Revenue Bonds end Interest Maturities — Water and Sewer Fund 49
I-4 Debt Service Coverage — Revenue Bonds 50
ii
CITY OF WICHITA FALLS, TEXAS
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED SEPTEMBER 30, 1983
TABLE OF CONTENTS — Continued
Exhibit Page
STATISTICAL SECTION (UNAUDITED)
J-1 General Fixed Assets Additions and Deletions — by Department 51
J-2 General Fixed Assets — by Major Classification 52
J-3 Airport Fund — Plant, Equipment and Depreciation 53
J-4 Transit Fund — Plant, Equipment and Depreciation 54
J-5 Water end Sewer Fund — Plant, Equipment and Depreciation 55
J-6 Property Tax Levies and Collections — Last Ten Fiscal Years 56
J-7 Assessed and Estimated Actual Value of Taxable Property —
Last Ten Fiscal Years 57
J-8 Tax Rates and Tax Levies — 1974-1983 58
J-9 Ratio of Net General Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita — Last Ten Fiscal Years 59
J-10 Schedule of Revenue Bond Coverage — Airport Revenue Bonds —
Last Ten Fiscal Years 60
J-11 Schedule of Revenue Bond Coverage — Water and Sewer Revenue
Bonds — Last Ten Fiscal Years 61
J-12 General Governmental Expenditure by Functions — Last Ten
Fiscal Years 62
J-13 General Revenue by Sources — Last Ten Fiscal Years 63
J-14 Property Value, Construction, and Bank Deposits — Last
Ten Years 64
J-15 Principal Taxpayers 65
J-16 Combined Schedule of Bonds Payable 66
J-17 Schedule of Ronded Debt and Interest Maturities 70
J-18 Special Assessment Collections — Last Ten Fiscal Years 71
J-19 Computation of Overlapping Debt 72
J-20 Ratio of Annual Debt Service for General Bonded Debt
to Total General Expenditures — Last Ten Fiscal Years 73
J-21 Demographic Statistics — Last Ten Fiscal Years 74
J-22 Schedule of Insurance Coverage 75
J-23 Schedule of Employee Benefit Insurance 80
iii
CITY OF WICHITA FALLS
ORGANIZATIONAL CHART
(WICHWICHITA
ITA FALLS CITIZENS
fI I/
ARD OF
COMMISSIONS/ 1 AOLDERMAN BOARDS
. CHIEF
\ )
ACCOUNT 0 FCER ) (
MUNICIPAL )
(CITY MANAGER I 1\ CR /fY ATTOREY I ( CRY CLERK\ I
I
( ASSISTANT COMMUNITY
(INFORMATION)
CITY MANAGER
I I I I I
TRAFFIC- ADMNISTRATIVE
FINANCE PLANNING HEALER
• TRANSPORTATION SERVICES
DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT
CENGIINURNG J �RANSPORIAT M (ACCOUNT
ANCE COLLECTIONS)\\ ((/ E NO MARKET J\ ( PLANNING ) ( SERnVICES �ENV�NEIIAL
( AIRPORT ��\ PARKINGT ( PURCHASING (AK COLLECTiONI ` CENTER PERSDNNEL J I LABDRATORY��F�NT 1
) \` JJ L
(` MUNICIPAL OWRT - MAINTENANCE) 1` ANIMAL 'TION c J
\ ( CONTROL
// �11
CCDARAGE - LIBRARY ) ( ADYNISTRATICNJ
ITORIUM
( RISK
MANAGEMENT)—.-(..INCTIVV IT CNTR)
I I I I I
PUBLIC POLICE FIRE PARKS- PUBLIC
UTILITIES RECREATION WORKS
DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT DEPARTMENT
T
( S AN SEWER SOURCE) ( SOURCE WATER ) ( SERVICES )
(
FIELD SERVICES ) ( FIRE SUPPRESSION) I ( FIRE PREVENTION ) ( RECREATION MAINTENANCEPARK ) (
ST RE ET
MAINTENANCE ENGINEERING 1
(`TRE A TMENNTT �\ EQU UT IIPIMENT) ADMINISTPATICN1 GOLF CEMETERY ! SANITATION L---J INSPECTION)
CPURIFICATION WATER r DISTRIBUTION WATER ) ) J
(ADMINISTRAT10N)
Wichita Falls
Department of Accounting / Finance
January 14, 1984
The Honorable Mayor and Members
of the City Council
James Rerzina, City Manager
City of Wichita Falls , Texas
The Comprehensive Annual Financial Report of the City cf Wichita Falls ,
Texas for the year ended September 30, 1983 is submitted herewith.
Accounting System and Reports
The City's accounting records for general governmental operations are
maintained on a modified accrual basis. Accounting records for the City's
utilities and other enterprises are maintained on the accrual basis .
Budgetary control is maintained on an annual allotment basis with the
encumbrances of account balances for purchase orders, prior to their
release to vendors . Monthly financial reports and budget expenditure
reports are prepared by the Accounting/Finance Department to aid in the
formulation of operating policies and to control budpst expenditures .
General Governmental Operations
Revenues for general governmental operations totaled $25,447,263 in the
1982-83 fiscal year, an increase of 2.8% over the 1981-82 fiscal year.
The increase is due to increases in ad valorem, sales, and franchise
taxes, sanitation services , and interest earnings. General property taxes
produced 36 .4% of general revenues compared to 33.5% in 1981-82 and 33.9%
in 1980—R1 . The amount of revenue from various sources and the increase
or decrease compared to last year are shown in the following tabulation :
v
1300 7th Street P.O. Box 1431 817/322-5611 Wichita Falls, Texas 76307
Increase
(Decrease)
Percent Over Prior
Revenue Source Amount Of Total Year
Taxes $18,023,712 70.8% $1 ,546,066
Charges for service 4,354,410 17.1 82,211
Licenses and permits 284,438 1 .1 49,992
Fines 808,502 3.2 119,201
Intergovernmental revenue 683,388 2.7 (859,889)
Miscellaneous revenue 1 ,292.813 5.1 (328.960)
Total $25,447,263 100.0% $ 808,621
Assessed valuation was $1 ,802,438,684 based on 100% of market value. Current
tax collections were 95.28% of the tax levy, down 1 .15% from last year. The
ratio of total collections (current and delinquent) to the current tax levy
was 97.28%, a decrease of .82% from lest year. Allocation of the property
tax levy by purpose for the year ended September 30, 1983 end the preceding
two fiscal years is as follows:
Purposes 1982-83 1981-82 1980-81
General Government $ 9,208,515 $ 8,281 ,670 $7,265,843
Debt Service Fund 3.282.385 2.615.264 2,049,341
Total $12.490.900 $10,896.934 $9.315.184
Expenditures from the general fund totaled $28,230,194, net of allocated
charges of $1 ,018,868, an increase of 1% over the 1981-82 fiscal year.
The increase in levels of expenditures for major functions of the City over
the preceding year are shown in the following tabulation (before allocated
charges) .
Increase
(Decrease)
Percent Over Prior
Function Amount Of Total Year
Administrative Services $ 5,120,347 17.5% $ 573,968
Police 5,685,793 19.5 670,522
Fire 3,883,766 13.3 542,431
Parka and Recreation 2,584,235 8.8 (327,473)
Accounting/Finance 563,936 1 .9 (13,197)
Planning 770,007 2.6 (355,113)
Public Works 7,815,997 28.7 (708,695)
Health 1 ,320,500 4.5 (162,274)
Traffic end Transportation 1 .502.279 5.2 (60,288)
$29.248.860 100.0% $ 159,881
vi
Special Revenue Funds
The Civic/Community Promotion Fund is a spacial revenue fund used to
account for revenues from the City Hotel — Motel Tax and various rents
and concessions associated with the Auditorium and the Activity Center.
The excess of revenues over expenditures for the year was $58,820 which
compares with $187,662 for the previous year. The Revenue Sharing end
Community Development Block Grant Program are included as Special Revenue
funds.
Special Assessment Fund
The Participation Paving Fund is a special assessments fund established
for the purpose of paving streets and sidewalks that have been petitioned
for paving. The petitioners and the City jointly participate in the cost
of the project with the City paying 100% of the cost initially and then
receiving partial reimbursement from the property owners. In 1982-83, no
expenditures were made in the Participation Paving Fund. Revenues totaled
$121 ,531 . Accounts receivable from property owners at September 30, 1983
total $657,912.
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. This data for the City
at the end of the 1982-83 fiscal year was as follows:
Ratio of Debt
to Assessed Debt Per
Value Capita
Net Direct Bonded Debt $16,689,273 .93 $171 .83
Outstanding general obligation bonds at September 30, 1983 totaled
$17,395,000 of which $1 ,055,000 was issued for water end sewer purposes
and is considered to be self—supporting. The $1 ,055,000 includes all
Wichita County Water Control and Improvement District end the 1965 General
Obligation Series Bonds. The remainder is considered to be direct tax
support debt.
During the past year, $1 ,758,000 of tax bonds were retired. The City's
bond rating ere as follows:
Moody's Investors Standard and
Service Poor's
General Obligation Bonds Al AA
Water and Sewer Revenue Bonds Al A+
vii
Treasury Management
Cash which was temporarily idle during the year, including debt retire—
ment funds , operating funds, and bond proceeds, was invested in certifi—
cates of deposit with the City depository in terms ranging from 14 days
to 90 days. A variable rate equal to the coupon equivalent rate established
weekly by the sale of 13—week Treasury bills plus basis points was received
in accordance with our depository contract. The total amount of interest
earned on certificates of deposit amounted to $2,514,158. This is a
decrease of $511 ,975 over fiscal year 1981-82.
Capital Protects Fund
The Capital Projects Fund is used to account for all resources used for
the acquisition of capital facilities except those financed by special
assessment and enterprise funds. At the end of the fiscal year, completed
projects are transferred to General Fixed Assets. During the 1982-83 fiscal
period, expenditures from the Capital Projects Fund amounted to $3,888,942.
Capital Projects Fund balances on hand as of September 30, 1963 were
$8,200,904. Significant uncompleted projects in the Capital Projects Fund
at the present time are:
Central Services Complex
1982 Street Construction
General Fixed Assets
The general fixed assets of the City are those fixed assets used in the
performance of general governmental functions and exclude the fixed assets
of utility and other enterprise funds. As of September 30, 1983 , the
general fixed assets of the City amounted to $42,532,822.
Fiduciary Funds
Fiduciary Funds are set up for the purpose of accounting for money and
property received from non—enterprise fund sources end held by a governmen—
tal unit in the capacity of trustee, custodian, or agent for individuals,
governmental entities and non—public organizations. Included in the
Fiduciary Funds are certain federal and state grants , social security,
payroll, tax collection, and accounts payable funds.
viii
Enterprise Funds
The Water and Sewer Fund operations for the past three fiscal years
is presented in the following tabulation:
1982-83 1981-82 1980-81
Net Income (Loss ) $1 ,245,238 $ 403,022 $ 715,348
Income Available for Debt Service 3,242,485 2,773,414 2,843,629
Maximum Annual Debt Service 1 ,394,164 1 ,440,487 1 ,129,840
Maximum coverage (income available
for debt service divided by maximum
annual debt service) 2.32 1 .93 2.52
The City issued $1 ,070,000 of Water and Sewer Revenue Bonds which were
authorized by the Board of Aldermen on September 15, 1981 . Proceeds from
the issuance of the bonds are being used for renovation and repair of
water filter facilities and the extension and relocation of sewer lines.
The City's cumulative cost of the projects as of September 30, 1983 was
$1 ,119,732.
The City issued $950,000 of Water and Sewer Revenue Bonds which were
authorized by the Board of Aldermen on July 20, 1982. Proceeds from
the issuance of the bonds are being used for renovation and repair of
water filter facilities, water and sewer line extensions and sewer filter
facilities. The City's cost of these projects as of September 30, 1983
was $647,197.
Airport:
The operation of the Airport for the year ended September 30, 1983
resulted in a net loss of $79,847. Operating revenues, net of the
operating transfer in, decreased by 23.2% and operating expenses
decreased by 22.0% from the preceding year.
Transit:
The operation of the Transit System for the fiscal year ended September
30, 1983 resulted in a net Loss of $4,269. Operating revenues increased
73.8% and operating expenses decreased 9.4% from the preceding year.
ix
Independent Audit
The City Charter requires an annual audit of the books of account,
financial records, and transactions of all administrative departments
of the City by Certified Public Accountants, selected by the Mayor and
City Council . This requirement has been complied with and Hupp, Thompson
& Company's opinion has been included in this report. The statistical
section of this report was not included within the scope of the audit.
Restatement
The financial statements contained herein have been restated to conform
to recent pronouncements of the National Council on Governmental Accounting
and generally accepted accounting principles.
Acknowledgements
I would like to express my appreciation to members of the Accounting
Division for their diligence in the preparation of this report.
Sincerely yours,
Fred L. Werner, CPA
Director of Finance/
Chief Accounting Officer
x
FINANCIAL SECTION
A Professional Corporation Certified Public Accountants
H U PP THOMPSON & COMPANY
Donald J. Hupp, CPA
Dennis V Thompson. CPA
Terry L Crain,CPA
Richard D Hardon,CPA
Joseph D Bauer, CPA
The Honorable Mayor and Members of the City Council
City of Wichita Falls , Texas
We have examined the Combined Financial Statements of the City of Wichita
Falls, Texas as of September 30, 1983 and for the year then ended, as
listed under General Purpose Financial Statements in the Table of Contents.
Our examination was made in accordance with generally accepted auditing
standards and, accordingly, included such tests of the accounting records
and such other auditing procedures as we considered necessary in the cir—
cumstances. The 1982 financial statements of the City of Wichita Falls ,
Texas were examined by other auditors whose report dated January 12, 1983 ,
expressed an unqualified opinion on those statements.
In our opinion, the 1983 Combined Financial Statements present fairly the
financial position of the City of Wichita Falls , Texas at September 30, 1983
and the results of its operations and changes in financial position of its
proprietary funds for the year then ended, in conformity with generally
accepted accounting principles applied on a consistent basis .
Our examination was made for the purpose of forming en opinion on the
Combined Financial Statements taken as a whole . The Combining and
Individual Fund and Account Group Financial Statements and the supple—
mentary information listed es Supporting Schedules in the Table of
Contents are presented for purposes of additional analysis end are not
a required pert of the Combined Financial Statements of the City of
Wichita Falls, Texas. The information has been subjected to the auditing
procedures applied in the examination of the Combined Financial Statements
and, in our opinion , is fairly stated in all material respects in relation
to the Combined Financial Statements taken as a whole . The supplementary
information in the Statistical Section as listed in the Table of Contents
has not been audited by us , and we do not express an opinion on it.
/41—rriti5r1A-- etrT7
January 14, 1984
1
(817)322-3103/1100 Wichita Tower/Wichita Falls. Texas 76301-6589
GENERAL PURPOSE
FINANCIAL STATEMENTS
CITY OF WICHITA FALLS, TEXAS EXHIBIT A-1
COMBINED BALANCE SHEETS - ALL FUND TYPES AND ACCOUNT GROUPS PAGE 1 OF 2
September 30, 1983
Proprietary Fiduciary Account Groups Total
Governmental Fund Types Fund Type Fund Type General (Memorandum Only)
Special Debt Capital Special General Long- September 30, September 30,
General Revenue Service Projects Assessments Enterprise Agency Fixed Assets Term Debt 1983 1982
ASSETS
Cash and short-term investments $6,991,379 $2,249,116 $ 674,577 $8,825,137 $140,420 $ 677,816 $ 371,987 $19,930,432 $ 20,070,841
Prepaid Items 108,463 52,263 160,726
Receivables (net of allowances
for uncollectible):
Taxes 990,499 95,000 414,260 1,841,215 3,340,974 2,837,615
Customer and trade 1,749,756 1,749,756 1,521,540
Other City funds 421,922 43,289 2,532 204,501 1,929 7,632 681,805 2,064,045
Government agencies 608,147 3,736,737 49,174 645 4,394,703 4,470,601
Other 60,533 30,918 10,598 47,271 149,320 353,530
Inventory 241,373 387,916 629,289 569,921
Restricted assets:
Cash and short term investments 58,958 2,122 2,928,173 2,989,253 4,213,720
Receivable from government
agencies 170,924 204,501 375,425 208,552
Receivable from other City funds 3,214 3,214 75
Other 152,809 152,809 162,579
N Other 3,104
Land and betterments 20,752,834 $14,925,289 35,678,123 35,412,308
Buildings, systems and improvements 45,726,792 15,077,246 60,804,038 55,670,678
Machinery and equipment 1,717,739 3,005,408 4,723,147 3,938,718
furniture and fixtures 57,335 979,287 1,036,622 1,949,320
Motor vehicles 1,211,599 7,247,545 8,459,144 6,809,031
Construction in prooress 679,044 1,298,047 1,977,091 1,744,830
Accumulated depreciation (23,983,723) (23,983,723) (22,477,936)
Amount available for retirement
of bonds $ 705,727 705,727 633,207
Amount to be provided for the
retirement of capital leases 684,822 684,822 278,406
Amount to be provided for accrued
vacation and sick leave 2,409,394 2,409,394 2,255,501
Amount to be provided for the
retirement of bonds 16,689,273 16,689,273 18,519,793
Deferred cnarges 27,252 27,252 25,101
Other, net of current portior. 337,500 337,500 487,500
$9,655,412 $6,155,060 $1,093,491 $9,040,236 $140,420 $52,725,717 $2,273,742 $42,532,822 $20,489,216 $144,106,116 $141,722,580
The accompanying notes are an integral part of these financial statements.
CITY OF WICHITA FALLS, TEXAS EXHIBIT A-1
COMBINED BALANCE SHEETS - ALL FUND TYPES AND ACCOUNT GROUPS - Continued PAGE 2 OF 2
September 30, 1983
Proprietary Fiduciary Account Groups Total
Governmental Fund Types Fund Type Fund Type General (Memorandum Only)
Special Debt Capital Special General Long- September 30, September 30,
General Revenue Service Projects Assessments Enterprise Agency Fixed Assets Term Debt 1983 1982
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts payable trade $ 631,539 $ 68,597 $ 100 $ 727,752 $ 337,647 $ 5,695 $ 1,771,330 5 1,298,502
Accrued payroll 586,085 10,797 192,616 1,997 791,495 596,981
Accrued vacation 6 sick leave $ 2,409,394 2,409,394 2,255,501
Payable to other City funds 9,470 173,892 1,811 239,285 13,281 437,739 1,865,900
Payable to government agencies 24,110 2,115,553 2,139,663 1,760,154
Other current liabilities 476,391 67,498 2,122 109,769 $ 3,990 49,136 15,298 724,204 704,524
Deferred tax revenue 862,131 862,131 1,209,490
Capital leases payable 684,822 684,822 278,406
Payable from restricted assets:
Contracts and trade 236,87Z 62,306 299,178 304,782
Revenue bonds (Note 8) 930,000 930,000 930,000
Accrued interest 86,051 86,051 94,317
Other City funds 40,698 206,582 247,280 86,536
Government agencies 4,683 4,683 20,577
Deferred revenue 385,542 162,500 121,918 669,960 164,210
General obligation bonds payable
w
(Note 8) 17,395,000 17,395,000 19,153,000 Payable to U. S. Government (Note 4) 1,167,685 1,167,685 1,181,234
Revenue bonds payable (Note 8) 7,380,000 7,380,000 8,310,000
Other long-term liabilities:
Customer deposits 506,406 506,406 454,269
Deferred revenue 337,500 337,500 487,500
2,871,979 32 387,764 839,332 3,990 11,65/,/14 2,273,742 20,489,216 38,844,521 41,155,883
Fund Equity:
Contributions in aid of construction
and other 16,907,064 16,907.064 15,699,081
Investment in general fixed assets $42,532,822 42,532,822 38,840,856
Retained earnings: 135,715 249,962
Reserved for revenue bond service 135,715
Reserve for revenue bond
contingency 845,100 845,100 845,100
Unreserved 23,180,124 23,180,124 21,904,755
Fund balances:
Reserved for encumbrances 935,294 325,277 2,031,529 236,985 3,529,085 3,282,265
Reserve for general liability 200,000 200,000
Unreserved:
Designated for subsequent
year's expenditures (Note 10) 4,989,393 6,169,375 (100,555) 11,058,213 12,743,397
Designated for debt service
(Note 8) 705,727 705,727 633,207
Undesignated 5,648,139 519,606 6,167,745 6,368.074
6;783,433 5 8 T,276 705,727 8,200.904 136,430 41,068,003 42,532,822 105,261,595 100,obb,59i
$9,655,412 $6,155,060 $1 093,491 $9,040,236 $140,420 $52,725,717 $2,273,742 $42,532,822 $20,489,216 $144,106,116 $141,722,580
The accompanying notes are an integral part of these financial statements.
CITY OF WICHITA FALLS, TEXAS EXHIBIT A-2
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
For the year ended September 30, 1983
Totals
Governmental Fund Types (Memorandum Only)
Special Debt Capital Special September 30, September 30,
General Revenue Service Projects Assessment 1983 1982
Revenues:
Taxes $18,023,712 $ 317,542 $3,163,931 $21,505,185 $19,317,693
Special assessments $107,106 107,106 323,728
Charges for services 4,354,410 4,354,410 4,272,199
Licenses and permits 284,438 284,438 234,446
Fines 808,502 808,502 689,301
Intergovernmental revenue 683,388 3,874,103 4,557,491 4,944,452
Miscellaneous revenue 1,292,813 601,401 148,340 $1,074,024 14,425 3,131,003 3,553,976
25,447.263 4,793,046 3,312,271 1,074,024 121,531 34.748.13S 33.335./95
Expenditures:
Current:
Administrative services division 5,120,347 608,120 5,728,467 4,948,631
Police division 5,685,793 5,685,793 5,015,271
Fire division 3,883,766 3,883,766 3,341,335
Parks and recreation division 2,584,235 2,584,235 2,911,708
Accounting/Finance division 563,936 563,936 577,133
Planning division 770,007 770,007 1,125,120
Public works division 7,815,997 7,815,997 8,524,692
Health division 1,320,500 1,320,500 1,482,774
Traffic and transportation division 1,502,279 1,502,279 1,562,567
Capital outlay 18,563 3,888,942 3,907,505 1,988,145
Debt service:
Principal retirement 1,758,000 1,758,000 1,486,000
Interest and paying agent fees 1,481,751 1,481,751 992,868
29,246,860 626,683 3,239,751 3,888,942 37,002,236 33,956,244
Less charges to other funds (1,016,666) (1,016,666) (886,832)
28,230,194 626,683 3,239,751 3,888,942 35,985,570 33,069,412
Excess of revenues over (under) expenditures (2,782,931) 4,166,363 72,520 (2,814,918) 121,531 (1,237,435) 266,383
Other financing sources (uses):
Proceeds of general obligation bonds.(net) 7,075,000
Operating transfers in 3,038,261 3,038,261 3,359,064
Operating transfers out (3,176,909) (3,176,909) (3,898,212)
Excess of revenues and other sources over
(under) expenditures and other uses 255,330 989,454 72,520 (2,814,918) 121,531 (1,376,083) 6,802.235
Fund balance, beginning 6,528,103 4,844,822 633,207 11,015,822 14,899 23,036,853 16,234,618
Fund balance, ending $ 6,783,433 $5,834,276 $ 705,727 $ 8,200,904 $136,430 S21,660,770 $23,036,853
The accompanying notes are integral part of these financial statements.
CITY OF WICHITA FALLS, TEXAS EXHIBIT A-3
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
For the year ended September 30, 1983
Totals
General Fund Special Revenue Funds (Memorandum Only)
Variance Variance Variance
Favorable Favorable Favorable
Budget ,Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Revenues:
Taxes $18,566,826 $18,023,712 $ (543,114) $ 350,500 $ 317,542 $(32,958) $18,917,326 $18,341,254 $ (576,072)
Charges for services 4,328,165 4,354,410 26,245 4,328,165 4,354,410 26,245
Licenses and permits 244,975 284,438 39,463 244,975 284,438 39,463
Fines 633,000 808,502 175,502 633,000 808,502 175,502
Intergovernmental revenue 683,130 683,388 258 3,856,930 3,874,103 17,173 4,540,060 4,557,491 17,431
Miscellaneous revenue 951,150 1,292,813 341,663 463,474 601,401 137,927 1,414,624 1,894,214 479,590
Z6,407,246 25,447,263 40,017 4,670,904 4,793,046 122,142 30,0/8,150 30,240,3.09 162,159
Expenditures:
Current:
Administrative services division 5,940,805 5,120,347 820,458 691,268 608,120 83,148 6,632,073 5,728,467 903,606
Police division 5,846,313 5,685,793 160,520 5,846,313 5,685,793 160,520
Fire division 3,994,632 3,883,766 110,866 3,994,632 3,883,766 110,866
Parks and recreation division 2,825,608 2,584,235 241,373 2,825,608 2,584,235 241,373
VI Accounting/Finance division 612,178 563,936 48,242 612,178 563,936 48,242
Planning division 772,863 770,007 2,856 772,863 770,007 2,856
Public works division 8,252,795 7,815,997 436,798 8,252,795 7,815,997 436,798
Health division 1,419,799 1,320,500 99,299 1,419,799 1,320,500 99,299
Traffic and transportation division 1,739,835 1,502,279 237,556 1,739,835 1,502,279 237,556
Capital outlay 42,520 18,563 23,957 42,520 16,563 23,957
31,404,828 29,246,860 2,157,968 733,788 626,683 107,105 32,138,616 29,873,543 2,265,073
Less charges to other departments (1,074,737) (1,016,666) (58,071) (1,074,737) (1,016,666) (58,071)
30,330,091 26,230,194 2,099,897 733,788 626,683 107,105 31,063,879 28,856,877 2,207,002
Excess of revenues over (under)
expenditures (4,922,845) (2,782,931) 2,139,914 3,937,116 4,166,363 229,247 (985,729) 1,383,432 2,369,16;
Other financing sources (uses):
Operating transfers in 3,139,978 3,038,261 (101,717) 3,139,978 3,038,261 (101,717)
Operating transfers out (3,176,909) (3,176,909) (3,176,909) (3,176,909)
Excess of revenues and other sources
over (under) expenditures and other
uses $ 1, 2 867) 255,330 $2,038,197 $ 760,207 989,454 $229,247 $(1,022,660) $ 1,244,784 $2,267,444
Fund balance, beginning 6,528,103 4,844,822
Fund balance, ending $ 6,783,433 $5,834,276
The accompanying notes are an integral part of these financial statements.
CITY OF WICHITA FALLS, TEXAS EXHIBIT A-4
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN RETAINED EARNINGS — ALL PROPRIETARY FUND TYPES
(ENTERPRISE FUNDS ONLY)
For the years ended September 30,
1983 1982
Operating revenues:
Charges for services $ 8,837 ,965 $ 7 ,859,613
Rents , concessions , and other 346 ,576 265,687
9,184,541 8,125,300
Operating expenses:
Personnel services 2,737,638 3 ,061 ,040
Supplies and materials 768,186 702,085
Maintenance and repairs 1 ,308,378 1 ,259,663
Utilities and other services 1 ,452,765 1 ,307,383
Insurance and contract support 340,726 291 ,129
6 ,607 ,693 6 ,621 ,300
Operating income before depreciation
and amortization 2,576 ,848 1 ,504,000
Depreciation and amortization (1 .557,087 ) (1 ,525,269)
Operating income ( loss ) 1 .019,761 (21 ,269)
Non—operating revenues (expenses ) :
Interest income 414,028 598,798
Gain on sale of fixed assets 8,901 23 ,314
Interest expense (512,376 ) (546 ,361 )
Operating grants 217 ,316 547 ,841
127,869 623 ,592
Income before operating transfers 1 ,147,630 602,323
Operating transfers in (out) net 13 ,492 (283 ,782)
Net income 1 ,161 ,122 318,541
Retained earnings , beginning 22,999,617 22,681 ,276
Retained earnings , ending $24,160,939 $22,999,817
The accompanying notes are an integral part of these financial statements .
6
CITY OF WICHITA FALLS, TEXAS EXHIBIT A-5
COMBINED STATEMENT OF CHANGES IN FINANCIAL POSITION —
ALL PROPRIETARY FUND TYPES (ENTERPRISE FUNDS ONLY)
For the year ended September 30,
1983 1982
Source of Funds:
Net income $ 1 ,161 ,122 $ 318,541
Item not requiring working capital:
Depreciation end amortization 1 ,557,087 1 ,525,269
Other (18,759)
2,699,450 1 ,843,810
Contributions in aid of construction 1 ,207 ,981 810,851
Net book value of fixed assets sold or retired 1 ,414
Reductions in note receivable 718
Customer deposits , net 52,137 9,727
Proceeds of revenue bonds 2,020,000
3,960,982 4,685,106
Application of Funds :
Deferred charges 9,842 8,400
Purchase of property and equipment 3,487,575 2,545,658
Retirement of revenue bonds 930,000 820,000
Increase in current maturities , revenue bonds 110,000
Payment of U. S. Government Obligation 13 ,548 13,121
4,440,965 3 ,497,179
NET INCREASE (DECREASE ) IN WORKING CAPITAL $ (479,983 ) $1 ,187,927
Summary of Net Changes in Working Capital :
Increase (decrease) in current assets (consisting
of restricted and non—restricted assets ) :
Cash and short—term investments $(1 ,216,773) $ 476 ,298
Customer and trade receivables 228,216 325,637
Due from other funds (27,754) (2,417 )
Receivables , other government agencies (161 ,074) (177,986 )
Inventory 45,421 288,548
Prepaid expenses and other (464,381 ) (10,564)
(1 ,596 ,345 ) 899,516
Increase (decrease ) in current liabilities
(consisting of restricted and non—restricted
liabilities ) :
Accounts payable trade 62,655 (227,884)
Due to other funds (567,230) (116 ,887)
Contracts payable (34,462) (76,564)
Other (100,615) 20,801
Notes end bonds payable 110,413
Deferred revenue (476 ,710) 1 ,710
(1 ,116 ,362) (288,411 )
NET INCREASE (DECREASE ) IN WORKING CAPITAL $ (479,983 ) $1 ,187,927
The accompanying notes are an integral part of these financial statements .
7
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS
September 30, 1983
1 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City conform to generally accepted
accounting principles as applicable to governments. The following
is a summary of the more significant policies:
A. Basis of Presentation
The financial transactions of the City are recorded in individual
funds and account groups. The various funds and account groups are
reported by type in the financial statements. Amounts in the "total —
memorandum only" columns represent a summation of the combined finan—
cial statement line items of the fund types and account groups end era
presented only for analytical purposes. The summation includes fund
types and account groups that use different bases of accounting, both
restricted and unrestricted amounts, interfund transactions that have
not been eliminated, and the caption "amounts to be provided," which
is not an asset in the usual sense. Consequently, amounts shown in
the "total — memorandum only" columns are not comparable to a consolida—
tion and do not represent the total resources available or total
revenues and expenditures/expenses of the City.
Certain totals for 1982 have been reclassified to conform with the 1983
presentation.
The City uses the following fund categories, fund types, end account
groups:
Governmental Funds
General Fund — To account for all financial resources except those
required to be accounted for in another fund. The general fund is the
City's operating fund.
Special Revenue Funds — To account for the proceeds of specific revenue
sources (other than special assessments or major capital projects) that
are legally restricted expenditures for specified purposes.
Debt Service Funds — To account for the accumulation of resources for,
and the payment of, general long—term debt principal, interest, and
related costs.
8
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
Capital Project Funds — To account for financial resources to be used
for the acquisition or construction of major capital facilities (other
than those financed by proprietary and special assessment funds ) .
Special Assessments Funds — To account for the financing of public
improvements or services deemed to benefit the properties aaainst
which special assessments are levied.
Proprietary Funds
Enterprise Funds — To account for operations that are financed and
operated in a manner similar to private business enterprises — where
the intent of the governing body is that the costs (expenses , including
depreciation ) of providing goods or services to the general public on
a continuing basis be recovered primarily through user charges .
Fiduciary Funds
Agency Funds — To account for assets held by the City as agent for
individuals , other governments , and/or other funds .
Account Groups
General Fixed Assets Account Group — To account for all fixed assets
of the City, except those accounted for in the proprietary funds .
General Long—Term Debt Account Group — To account for all long—term
debt of the City and accrued vacation and sick leave , except for those
accounted for in the proprietary funds.
R. Basis of Accounting
Governmental and agency funds are accounted for on the modified accrual
basis of accounting. Governmental fund revenues are recognized when
received in cash except those accruable , which are recognized as revenues
when measurable and available. Available means collectible within the
current period or soon enough thereafter to be used to pay liabilities
of the current period. Such accruable revenue items are property taxes ,
sales tax and reimbursable—type grants . Special assessments , penalty and
interest on delinquent property taxes , licenses and permits , fines , recrea—
tion fees , and other service charges are recorded as revenues when received
in cash because generally they are not measurable until actually received.
Expenditures are recognized on the accrual basis except, principal and
interest payments on general long—term obligations are reported only
when due. Proprietary funds are accounted for on the accrual basis of
accounting. Their revenues are recognized in the period earned and
expenses are recognized in the period incurred. Proprietary funds '
unbilled services receivable are recognized as revenue at year end.
9
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
C. Budgetary Accounting
An operating budget is adopted each fiscal year for all operating
(General, Debt Service, Enterprise, end Special Revenue) funds on
the same basis as used to reflect actual revenues end expenditures .
The City Manager submits a proposed operating budget for all operating
funds to the City Council each fiscal year. The budgets are prepared
on the basis of accounting used by each fund as described above. After
public hearings to obtain taxpayer comments, the budget is legally
enacted through passage of an ordinance by October 1 each year.
Budgetary control is exercised at the division level. The City Manager
is authorized to transfer budget amounts between divisions within any
departments that are in the same fund; however, any supplemental appropria—
tions in governmental type funds Lapse at fiscal year end, except for
encumbrances which are carried forward until expenditures are incurred or
they otherwise expire.
D. Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other
commitments for the expenditure of monies are recorded in order to reserve
that portion of the applicable appropriation, is employed as an extension
of formal budgetary control in the General and Special Revenue funds.
Encumbrances outstanding at year end are reported as reservations of fund
balance for subsequent—year expenditures.
E. Investments
Investments are stated at cost, which approximates market.
F. Inventory
Inventories of the General and Proprietary funds consist of supplies and
various materials used for the maintenance of fixed assets. The "consump—
tion" method is used to account for these inventories. Under this method,
inventory acquisitions are recorded in inventory accounts initially and
charged as expenditures when used. Inventories are stated at the tower of
first—in, first—out cost or market.
10
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
G. Fixed Assets and Depreciation
The fixed assets of the Proprietary funds are stated at cost except
for donated fixed assets which are reported at estimated fair market
value at the date received. Depreciation is charged to the operations
of the Proprietary funds over the fixed assets ' estimated useful lives
using the straight line method. The useful lives range from three to
fifty years. The City's policy is to capitalize interest on Proprietary
funds' construction projects until substantially completed. General
fixed assets consisting of certain improvements such as roads, curbs
and gutters , streets and sidewalks, drainage systems, and lighting
systems , have not been included in the General Fixed Assets Account
Group. Such assets generally are immovable and of value only to the
City. The approximate value of such assets at September 30, 1983 was
$27,000,000.
Other fixed assets acquired or constructed for general governmental
purposes are reported as expenditures in the fund that finances the
asset acquisition and capitalized in a self—balancing group of accounts
entitled the General Fixed Assets Account Group. Additions are capitalized
at cost or estimated market value when cost is not available. No deprecia—
tion has been provided and no interest has been capitalized for the General
Fixed Assets Account Group.
H. Grants and Other Intergovernmental Revenues
Categorical grants, except for grants that benefit more than one fund
and "pass through" grants, are accounted for within the appropriate
fund of the City to be financed by such grants. Revenues are recorded
when they become susceptible to accrual. Generally, expenditures govern
eligibility for income recognition, end the revenue is recognized as
expenditures are incurred. Grants financing more than one fund or financ—
ing secondary recipients such as the Federal Revenue Sharing and Community
Development Block grants are recorded in Special Revenue funds pending a
determination of the programs or activities to be financed by such sources.
Revenues are recognized when they become measurable and available , and
expenditures are recorded in the fund benefited by such expenditures.
I , Reserves and Designations
Portions of fund equity are segregated for future use, and are therefore
not available for future appropriation or expenditure. Amounts reserved
for revenue bond debt service end retirement represent portions of fund
equity which are required to be segregated in accordance with the City's
bond ordinances .
11
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
I . Reserves end Designations, continued
Designations of unreserved fund balances in governmental funds indicate
City management's tentative plans for use of financial resources in a
future period.
J. Interfund Transactions
The financial statements reflect two types of interfund transactions .
The operating transfers between the General Fund and the Enterprise
Funds are legally authorized transfers of a permanent nature. The
payable and receivable accounts to and from other City funds are used
to record temporary loans and reimbursable services between the various
funds.
The General Fund provides various administrative services for the
Enterprise funds. Data processing and central garage costs are
allocated to the Enterprise funds . The City does not allocate any
other costs to the Enterprise funds.
2. PROPERTY TAX
The City property taxes are levied on October 1 and are payable by
January 31 . State law allows that they may be paid in two installments
on December 1 and July 1 . Property taxes attach as an enforceable lien
on property as of the prior January 1 .
The City is permitted by the Municipal Finance Law of the State to levy
taxes up to $2.50 per $100 of assessed valuation for general governmental
services including the payment of principal end interest on long—term
debt. The combined tax rate to finance general governmental services
for the year ended September 30, 1983 was $.693 per $100 which means that
the City has a tax margin of $1 .807 per $100, and could raise up to
$32,570,067 additional tax revenue a year from the present assessed
valuation of $1 ,802,438,684 before the limit is reached.
The City serves as agent in assessing and collecting ad valorem taxes
for the Wichita Falls Independent School District. It also served the
Wichita Falls College District in a similar capacity during its existence
and currently serves as collector and as custodian of delinquent tax
records for successors to the former District.
Taxes levied and uncollected for the School end College District totaled
$1 ,841 ,215 and $1 ,499,342 at September 30, 1983 and 1982, respectively,
end are reflected in the Tax Collection Fund in the agency fund group.
12
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
3. COLLECTIONS FROM CATEGORICAL BLOCK GRANTS AND FEDERAL REVENUE SHARING
Categorical grant expenditures for the years ended September 30, 1983 and
1982, respectively, have been reflected in the following City funds :
1983 1982
General Fund $3,112,064 $3 ,390,962
Airport Fund 335,088 10,698
Transit Fund 325,122 147,239
Water and Sewer Fund 428,382 389■904
$4,200,656 $3,938,803
The financing uses of the Revenue Sharing Fund and Community Development
Block Grant as reflected in the General Fund and the Enterprise Fund ere
detailed as follows:
Revenue Sharing Community Development
Fund Block Grant
Budget (1 ) Actual Budaet(1 ) Actual
Personnel services $ 354,189 $ 268,128
Supplies and materials $ 10,709 $ 9,932 26,842 8,618
Maintenance 1 ,332,370 670,021 2,405,570 967,835
Utilities and other
services 483 ,097 235,958 1 ,288,694 349,243
Capital outlay 1 ,223,195 531 ,112 791 ,003 136,062
$3,049,371 $1 ,447,023 $4,866,298 $1 ,729,886
(1 ) Budgeted amounts as shown include current end prior year appropire—
tions to be carried forward for future use.
4. PAYABLE TO U. S. GOVERNMENT
The City of Wichita Falls and Wichita Falls County Water Improvement
District No. 2, upon the completion of the Lake Kemp reconstruction
project by the U. S. Government , are required to reimburse the U. S.
Government 22.7% of its reported total cost of $8,774,705 or $1 ,991 ,858.
The City's share of this amount is 86 .11% or $1 ,316 ,817 payable in forty—
nine annual installments of $51 ,974 which includes interest at the rate of
3.253%.
The City' s share of the total costs ( $5,795,952) is reflected in fixed
assets, and the City's share of the U. S. Government funded portion
( $4,479,135) is reflected as a contribution in aid of construction.
The remaining unpaid debt is classified as follows :
1983 1982
Long—term $1 ,167,685 $1 ,181 ,234
Current 13 ,549 13 ,121
$1 ,181 ,234 $1 .194,355
13
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
5. EMPLOYEE RETIREMENT PLANS
City employees, except for firemen, ere covered by the Texas Municipal
Retirement System. The Texas Municipal Retirement System contribution
was 4.65% end 4.48% of each participant's salary in 1983 end 1982,
respectively. The actuarial cost method used by the Texas Municipal
Retirement System in performing the actuarial valuation was the unit
credit actuarial cost method. Prior service liability of $1 ,577,269
is funded by the City annually over a period of 25 years and is included
in the contribution rate.
Accumulated plan benefit information, es estimated by consulting actuaries,
and plan net assets , are as follows:
December 31 ,
1983 1982
Actuarial present value of accumulated
plan benefits:
Vested $ 8,260,754 $ 7,091 ,296
Nonvested 4,556.206 3,801 .708
$12,816,960 $10.893.004
NET ASSETS AVAILABLE FOR BENEFITS $11 ,239.691 $10,076.953
Because of the money purchase nature of the system, there was no need
for an interest rate assumption in determining the actuarial present
value of accrued benefits for nonretired employees . For annuitants ,
the actuarial present value of plan benefits was calculated using a 5%
interest rate assumption.
Firemen are covered by a self—administered Firemen 's Relief and Retire—
ment Fund. The Firemen 's Relief end Retirement Fund contribution was
7.5% of each participant 's salary in 1983 and 1982. The actuarial cost
method used to value the Firemen's Relief and Retirement Fund was the
entry—age—actuarial cost method. The unfunded accrued liability of
$2,245,064 is amortized by a level percentage of payroll over a period
of 28 years.
March 31 . 1983
Actuarial present value of accumulated
plan benefits:
Vested $4,166,770
Non—vested 142,248
$4,309,018
NET ASSETS AVAILABLE FOR BENEFITS $4.045.578
14
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
The actuarial present value of plan benefits was calculated using a
7.5% interest rate assumption. The carrying value of the Firemen 's
Relief and Retirement Fund assets were $4,045,578 and $3,469,980 in
1983 and 1982, respectively.
The Plan was amended October 26, 1983 to adopt a new plan of benefits.
The City's contributions , to both plans, were charged to operations
as follows:
1983 1982
General Fund $749,070 $679,309
Water and Sewer Fund 91 ,820 100,074
Airport Fund 2,256 3,279
Transit Fund 7,680 7,340
Civic/Community Promotion Fund 6,261 25,472
$857,087 $815,474
6. OPERATING TRANSFERS OF SURPLUS FUNDS
During 1983 end 1982, $473,283 and $464,000, respectively, surplus funds
in the Water and Sewer Fund were transferred to the General Fund. At the
time of the transfers, all requirements of the bond reserve fund and the
interest and sinking fund in the Water and Sewer Fund had been satisified.
The transfers were made from surplus revenues of the Water end Sewer Fund
in compliance with existing ordinances governing such transfers and in
conformance with excess revenue provisions of the pertinent revenue bond
indentures.
The General Fund made operating transfers to the Transit Fund of $118,908
in the current fiscal year end $167,000 in the prior fiscal year. These
transfers were operating subsidies to the Transit System and were au—
thorized by the City Council.
7. AIRPORT LEASE
The airport facilities are located on land at Sheppard Air Force Base.
The lend is leased from the Department of the Air Force at a cost of
$1 .00 per year for a period of fifty years , beginning May 15, 1959 and
expiring May 14, 2009. Additional rent is based on landing fees at a
rate of $1 .8264 per scheduled landing. Rent expense on this lease was
$8,992 end $20,538 for the fiscal years ended September 30, 1983 and 1982,
respectively.
15
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
8. LONG—TERM DEBT
The following is a summary of changes in long—term obligations of the
City for the year ended September 30, 1983:
General
Obligation Revenue Total
Bonds payable at October 1 , 1982 $19,153 ,000 $9,240,000 $28,393,000
New bonds issued —0— —0— —0—
Bonds retired (1 ,758,000) (930,000) (2,688.000)
Bonds payable at September 30, 1983 $17,395,000 $8,310,000 $25,705,000
Bonds payable at September 30, 1983 are comprised of the following individual
issues
Range of Final Annual Bonds
Interest Maturity Serial Bonds Outstanding
Rates Date Payments Authorized at 9/30/83
General Obligation Bonds:
1955 Wichita County Water 4-1/2% to 1/ 1/85 $ 2,000 to $ 275,000 $ 36,000
Control and Improvement 4-3/4% 18,000
District No . 4
1956 Wichita County Water 4% to 11/ 1/86 5,000 to 560,000 150,000
Control and Improvement 4-1/2% 40,000
District No. 5
1959 Wichita County Water 4-3/4% to 9/ 1/89 5,000 to 385,000 140,000
Control end Improvement 5-1/2% 28,000
District No . 6
1959 Wichita County Water 4-3/4% to 9/ 1/89 5,000 to 300,000 129,000
Control and Improvement 5-1/2% 30,000
District No . 4
1963 General Obligation .001% to 8/ 1/88 100,000 to 2,680,000 600,000
Bonds 5% 120,000
1964 General Obligation .001% to 8/ 1/84 160,000 to 3 ,285,000 165,000
Bonds 5% 165,000
1965 General Obligation .0005% to 8/15/B5 300,000 6 ,000,000 600,000
Bonds (issued for Water 5%
and Sewer improvements )
1968 General Obligation .005% to 7/10/87 150,000 to 3 ,000,000 700,000
Bonds 5% 175,000
16
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
8. LONG—TERM DEBT, Continued
Range of Final Annual Bonds
Interest Maturity Serial Bonds Outstanding
Rates Date Payments Authorized at 9/30/83
General Obligation Bonds —
Continued:
1968—A General Obligation 3-1/2% to 6/ 1/R9 85,000 to 4,435,000 1 ,500 ,000
Bonds 5% 250,000
1970 General Obligation 5% to 7% 2/15/90 100,000 to 2,000,000 800,000
Bonds 125,000
1971 General Obligation 4% to 4.9% 2/15/91 125,000 2,000,000 1 ,000,000
Bonds
1980 General Obligation 6% to 8% 6/15/01 175,000 to 3 ,800,000 3,450,000
Bonds 200,000
1981 General Obligation 11% to 13% 12/ 1/96 40,000 to 4,990,000 4,950,000
Bonds 450,000
1982 General Obligation 10% to 12% 8/ 1/97 225,000 to 3 ,400,000 3,175 ,000
Bonds 250,000
Total General Obligation
Bonds 37,110,000 17.395,000
Revenue Bonds:
Water and Sewer Revenue
Bonds:
1963 Water and Sewer .001% to 8/ 1/88 220,000 to 5 ,585,000 1 ,125,000
Revenue 5% 225,000
1966 Water and Sewer .0005% to 2/ 1/91 75,000 3,800,000 1 ,160,000
Revenue 5% 155,000
1966—A Water and Sewer 4% to 5% B/ 1/91 75,000 1 ,800,000 600,000
Revenue
1968 Water and Sewer 4-1/4% to 2/ 1/88 100,000 to 2,175,000 625,000
Revenue 5% 125,000
1973 Water and Sewer 4-1/2% to 8/ 1/93 100,000 2,000,000 1 ,000,000
Revenue 5-1/2%
17
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
8, LONG—TERM DEBT, Continued
Range of Final Annual Bonds
Interest Maturity Serial Bonds Outstanding
Rates Date Payments Authorized et 9/30/83
Revenue Bonds , Continued
Water and Sewer Revenue
Bonds — continued
1978 Water and Sewer 5.1% to 8/ 1/98 60,000 1 ,200,000 900,000
Revenue Bonds 5.9%
1980 Water and Sewer 5% to 7.6% 2/ 1/01 50,000 1 ,000,000 900,000
Revenue Bonds
1981 Water and Sewer 11% to 13% 2/ 1/96 50,000 to 1 ,070,000 1 ,020,000
Revenue Bonds 100,000
1982 Water and Sewer 10-1/2% to 8/ 1/97 60,000 to 950,000 S90,000
Revenue Bonds 12-1/4% 75,000
Total Water and Sewer
Revenue Bonds 19,580,00D 8.220.000
Airport Revenue Bonds:
1964 Airport Revenue 3-1/4% to 4/15/84 10,000 to 375,000 25,000
4% 25,000
1967 Airport Revenue 4-1/2% 4/15/87 5,000 to 130,000 65,000
20,000
Total Airport Revenue
Bonds 505,000 90.000
Total Revenue Bonds 20.085.000 8,310.000
Total All Bonds S57.195,000 $25,705,000
The net revenue of the Water and Sewer Fund and Airport Fund are pledged
as collateral for the revenue bonds outstanding in the respective funds .
18
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
8, LONG—TERM DEBT, Continued
The annual requirements to pay principal and interest on the
obligations outstanding as of September 30, 1983 , are as follows:
Year Ending General
September 30 Obligation Revenue Total
1984 $ 3,385,442 $ 1 ,428,089 $ 4,813,531
1985 3 ,097,288 1 ,370,256 4,467,544
1988 2,681 ,012 1 ,322,458 4,003,470
1987 2,588,981 1 ,274,661 3,863,642
1988 2,264,428 1 ,208,553 3,472,981
1989-93 7,781 ,778 3 ,437,671 11 ,219,449
1994-98 4,746,150 1 ,427,027 6 ,173,177
1999-2001 672,000 164,088 836,088
$27,217,079 $11 ,632,803 $38,849,882
$705,727 is available in the Debt Service Fund to service the
general obligation bonds.
There ere limitations and restrictions contained in the various bond
indentures. The City is in compliance with all significant provisions
for such limitations and restrictions .
9. FIXED ASSETS AND DEPRECIATION
A summary of proprietary fund type property, plant and equipment at
September 30, 1983 follows:
Water and
Airport Transit Sewer Total
Land and betterments $1 ,471 ,968 $ 39,814 $19,241 ,054 $20,752,934
Buildings , systems, and
improvements 1 ,453,724 5,075 44,267,993 45,726 ,792
Machinery end equipment 42,310 24,265 1 ,651 ,164 1 ,717,739
Furniture and fixtures 29,419 1 ,972 25,944 57,335
Motor vehicles 416,025 795,574 1 ,211 ,599
Construction in progress 235,309 443,735 679,044
2,997,419 722,460 66,425,464 70,145,343
Less accumulated depreciation 562,643 272,163 23,148,917 23,983,723
Total $2,434,776 $450,297 $43,276,547 $46 ,161 ,620
19
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
9. FIXED ASSETS AND DEPRECIATION, Continued
The following table summarizes the changes in the components of the
General Fixed Assets Account Group:
Balance Balance
Sept. 30, Transfers Sept. 30,
1982 Additions Deletions In (Out) 1983
Land end betterments $14,765,606 $ 154,477 $ 5,206 $14,925,289
Buildings and improve—
ments 12,368,130 1 ,271 ,315 1 ,437,801 15,077,246
Machinery end equipment 2,440,841 622,966 $ 62,709 4,310 3,005,408
Furniture and fixtures 1 ,899,565 25 ,914 936,703 (9,489) 979,287
Motor vehicles 5,765,964 1 ,666,994 190,593 5,180 7,247,545
Construction in
progress 1 ,600,750 1 ,162,593 (1 ,465,296) 1 ,298.047
Total $38,840,856 $4,904,259 $1 ,190.005 $ (22.288) $42,532,822
10. SPECIAL ASSESSMENT FUND DEFICIT
The deficit in the Special Assessment Fund of $100,555 arose because
special assessments are recognized as revenue only to the extent that
cash is received. The deficit will be reduced and eliminated as cash
is received on completed special assessment projects.
11 . SEGMENT INFORMATION FOR ENTERPRISE FUNDS
The City maintains three enterprise funds which provide transportation
and water and sewer services. Segment information for the year ended
September 30, 1983 is as follows:
Total
Water Enterprise
Airport Transit and Sewer Funds
Operating revenues $ 182,132 $ 188,815 $ 8,833,594 $ 9,184,541
Depreciation and amortization
expense 101 ,030 33,375 1 ,422,682 1 ,557,087
Operating income or ( loss ) (92,783 ) (245,497) 1 ,358,041 1 ,019,761
Operating grants , entitlements,
and shared revenue 1 ,075 120,621 95,620 217,316
Operating transfers in (out) , net 118,908 (105,416) 13,492
Net income or ( loss ) (79,847) (4,269) 1 ,245,238 1 ,161 ,122
20
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
11 . SEGMENT INFORMATION FOR ENTERPRISE FUNDS, Continued
Total
Water Enterprise
Airport Transit and Sewer Funds
Plant , property and equipment:
Additions $ 333 ,835 $275,603 $ 2,878,139 $ 3 ,487 ,577
Deletions 2,357 20,977 2,929 26 ,263
Total identifiable assets 2,630,561 724,867 49,370 ,289 52,725,717
Net working capital 155,382 (10,339] 3 ,788,179 3 ,933 ,222
Bonds and other long—term
liabilities 60,000 9,331 ,591 9 ,391 ,591
Total equity 2,530,158 439,958 38,097 ,887 41 ,068,003
12. INTERFUND RECEIVABLE AND PAYABLE BALANCES
Individual fund interfund receivable and payable balances at September 30,
1983 are:
Interfund Interfund
Fund Receivables Payables
General Fund $425,136 $ 50 ,168
Debt Service Fund 2,532
Capital Projects 204,501 1 ,811
Enterprise Funds :
Airport Fund 81
Transit Fund 38 247,687
Water and Sewer Fund 1 ,891 198,099
Special Revenue Funds 43 ,289 173 ,892
Agency Funds 7,632 13 ,281
$685,019 $695,019
13. DESCRIPTION OF LEASING ARRANGEMENTS
Computer and other equipment leases , expiring in 1986 and 1987 , a vehicle
lease expiring in 1988, and a lease of land expiring in 1991 , ere classified
as capital Leases and are included in the General Fixed Asset account group
and General Long Term Debt account group.
The majority of the operating leases contain the option for annual renewal
at the end of the initial lease term. In most cases , leases will be removed
or replaced by other leases . The City leases certain equipment and data
processing software under operating leases expiring in 1984-1989 .
21
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
13. DESCRIPTION OF LEASING ARRANGEMENTS, Continued
Capital Leases
The following is an analysis of the leased property under capital leases
by major classes:
Asset Balances At
September 30,
Classes of Property 1983 1982
Equipment $442,307 $273,438
Motor vehicles 339,245 —0—
Land 50,000 50,000
$831 .552 $323 ,438
The following is a schedule by years of future minimum lease payments
under capital leases together with the present value of the net minimum
lease payments as of September 30, 1983:
Year ending September 30:
1984 $216 ,868
1985 218,867
1986 178,635
1987 118,876
1988 74,754
Later years 15,000
Total minimum lease payments 821 ,000
Less: Amount representing interest (1 ) (136,178)
Present value of minimum lease payments (2) $684,822
Operating Leases
The following is a schedule by years of future minimum rental payments
required under operating leases that have initial or remaining noncancelable
lease terms in excess of one year as of September 30, 1983:
Year ending September 30:
1984 $ 47,313
1985 28,659
1986 20,581
1987 16,945
1988 16,945
Later years 9.986
Total minimum payments required (3) $140,429
22
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
13 . DESCRIPTION OF LEASING ARRANGEMENTS, Continued
Operating Leases . Continued
The following schedule shows the composition of total rental expense for
all operating leases:
Year Ending
September 30,
1983 1982
Minimum rentals $115,421 $149,840
Contingent rentals 8,992 20.538
$124,413 $170,178
(1 ) Amount necessary to reduce net minimum lease payments to present
value calculated at the City's incremental borrowing rate at the
inception of the leases .
(2) Reflected in the general long—term debt group of accounts as
lease obligations payable.
(3 ) Minimum payments do not include contingent rentals which may be
paid under the airport lease based on the number of scheduled
landings.
14. COMMITMENTS AND CONTINGENT LIABILITIES
The City's liability for accrued vacation and sick leave excluding
that which is recorded in the Enterprise fund was $2,509,394 at
September 30, 1983 and $2,255,501 at September 30, 1982. These accruals
are recorded in the General Long—Term Debt account group except for $100,000
which is believed by City management to be currently payable from available
resources , and is recorded in the General Fund.
The City is contingently liable as endorser of a $400,000 note payable by
Wichita Falls General Hospital to a bank for the purchase of lend. At
September 30, 1983, the remaining balance of the note payable was $86 ,568,
and all required payments had been made .
Commitments under construction and professional service contracts total
$4,091 ,553 at September 30, 1983 .
The City is a defendant in numerous lawsuits . The ultimate liability
of the City cannot be determined at this time although City management
believes such liability is not material .
23
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
14. COMMITMENTS AND CONTINGENT LIABILITIES, Continued
In 1977, the City and Wichita County Water Improvement District Number
Two entered into a sixty year contract with Texas Utilities Company and
agreed to provide an adequate water supply for the Company' s use in
generating power upon completion of the Company's construction of a power
plant adjacent to the Lake Kemp—Lake Diversion System.
The significant terms of the contract provide for standby charges to be
paid to the City and the Wichita County Water Improvement District Number
Two in equal amounts. The City receives $150,000 each year through 1986
and then as follows:
Minimum annual charges shall begin when water is actually consumed for
the production of electricity upon completion of the first generation
unit or January 1 , 1987, whichever is sooner, in the following amounts
and time schedule:
City's Share
1 . Date of completion of first generation
unit or January 1 , 1987, whichever is
sooner, and for each of the next five
years $250,000
2. For each of the next five years 375,000
3. For all years thereafter until end of
contract 500,000
For water actually consumed, the Company shell pay the City and Wichita
County Water Improvement District Number Two equally, at the Rase Rate
of twenty—three ($.23) cents per one thousand (1 ,000) gallons , which
can be adjusted annually.
This contract can be terminated at any time by the Company. If the contract
is terminated, the Company is required to make a maximum termination payment
equal to the standby charges which would have become due and payable during
the following twenty—four month period.
15. RESTATEMENT OF 1982 FINANCIAL STATEMENTS
The City elected early application of a new accounting pronouncement
pertaining to accrual of compensated absences (vacation and sick pay) ,
which is discussed in Note 14. In accordance with NCGA Statement 4,
the 1982 financial statements of the Long Term Debt account group have
been restated to reflect the liability at September 30, 1982 in the
amount of $2,255,501 .
24
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
16. DEFINING THE REPORTING ENTITY
In accordance with NCGA Statement 3, which addresses the issue of defining
the reporting entity with respect to other agencies , institutions, commissions,
public authorities, or other governmental organizations for inclusion in the
reporting entity's general purpose financial statements , City management
identified five organizations which were evaluated for inclusion using the
following criteria:
1 . Exercise of oversight responsibility over such agencies
by the City's elected officials:
a. financial interdependency
b. selection of governing authority
c. designation of management
d. ability to significantly influence operations
and accountability for fiscal matters.
2. Scope of public service:
e. whether the activity is for the benefit of the reporting
entity and/or its residents.
b. whether the activity is conducted within the geographic
boundaries of the reporting entity and is generally avail—
able to the citizens of that entity.
Although the five organizations evaluated met one or more of the above
criteria, City management determined that they should all be excluded as
part of the reporting entity. They did not meet the criteria of financial
interdependency, which is the most significant manifestation of oversight
and includes responsibility for financing deficits , entitlements to surpluses,
and guarantees of or "moral responsibility" for debt.
25
CITY OF WICHITA FALLS, TEXAS
NOTES TO THE FINANCIAL STATEMENTS — Continued
September 30, 1983
17. OTHER REQUIRED INDIVIDUAL FUND DISCLOSURES
Generally accepted accounting principles require disclosure, as part
of the Combined Statements of certain information concerning individual
funds including:
A. Segment information for certain individual Enterprise Funds.
This requirement is met by Note 11 .
8. Summary disclosures of debt service requirements to maturity
for all types of outstanding debt. This requirement is met
by Note 8.
C. Summery disclosures of changes in general fixed assets by
major asset class. This requirment ie met by Note 9.
D. Summary disclosures of changes in general long—term debt.
This requirement is met by Note 8.
E. Deficit fund balances or retained earnings balances of
individual funds. This requirement is met by Note 10.
No fund, other than the Special Assessment Fund, reflected
a deficit at September 30, 1983.
6. Individual fund interfund receivable and payable balances.
This requirement is met by Note 12.
26
COMBINING AND INDIVIDUAL FUND AND
ACCOUNT GROUP FINANCIAL STATEMENTS
THIS PAGE IS LEFT INTENTIONALLY BLANK.
GENERAL FUND
The General Fund is used to account for all revenues and expenditures not
accounted for in ether funds. It receives a greater variety and amount of
revenues and finances a wider range of governmental activities then any
other fund. Major functions financed by the General Fund include:
Administrative; Finance; Police; Fire; Protective Inspections, such as
building, plumbing and electrical; Traffic Engineering; Public Works
Engineering; Street Maintenance; Health ; Community Enrichment Activities
such as Parks , Recreation, and Library; and Planning and Sanitation.
CITY OF WICHITA FALLS, TEXAS EXHIBIT B-1
BALANCE SHEET
GENERAL FUND
September 30,
1983 1982
ASSETS
Cash and short-term investments $6,991 ,379 $5,993,640
Prepaid items 108,463 12,098
Receivables:
Ad valorem taxes - delinquent ( less $223,796 and
$99,600 allowance for uncollectible accounts) 990,499 871 ,867
Other city funds 421 ,922 1 ,065,431
Government agencies 608,147 1 ,080,874
Other 60,533 190,110
Inventory 241 ,373 214,875
9,422,316 9,428.895
Restricted assets:
Cash and short-term investments 58,958 20,188
Receivable from government agencies 170,924 185,708
Receivables from other city funds 3.214
233,096 205.896
$9,655,412 $9.634,791
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable - trade $ 631 ,539 $ 605,135
Accrued payroll 586,085 378,809
Payable to other city funds 9,470 783 ,474
Payable to other government agencies 24.110 26 ,882
1 ,251 ,204 1 ,794.300
Other current liabilities:
Deposits and refunds payable 20,248 21 ,134
Advance payments 456,143 390.315
476.391 411 ,449
Deferred tax revenue 862.131 690,13E
Payable from restricted assets:
Contracts and trade 236,872 210,801
Other city funds 40,698
Government agencies 4.683
282.253 210,801
2,871 .979 3,106,688
Fund Balance:
Reserve for encumbrances 935,294 607,075
Reserved for general liability 200,000 150,000
Unreserved - undesigneted 5,648,139 5,771 .028
6,783,433 6,528,103
$9,655,412 $9,634.791
The accompanying notes are an integral part of these financial statements .
27
CITY OF WICHITA FALLS, TEXAS EXHIBIT B-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - Page 1 of 3
BUDGET AND ACTUAL
GENERAL FUND
For the years ended September 30
1983 1982
Budget Actual Budget Actual
Revenues:
Taxes:
Ad valorem taxes $ 9,483,226 $ 9,268,463 $ 8,610,000 $ 8,331 ,405
Penalties and interest 125,000 169,582 65,000 122,812
City sales tax 6,500,000 5,808,161 6,200,000 5,621 ,769
Franchise taxes 2,303,000 2,618,663 2,005,000 2,252,529
Other taxes 155,600 158,843 123 ,000 149.131
18,566,826 18,023.712 17,003,000 16,477,646
Charges for services:
Sanitation services 3 ,833,000 3,878,630 3,690,000 3,765,470
Golf, tennis and recreation
fees 256,000 230,533 262,400 204,903
Tax collection fees 100,000 102,128 70,000 151 ,280
Other service charges 139,165 143.119 108,825 119,039
4,328,165 4,354,410 4,131 ,225 4,240,692
Licenses and permits:
Building permits 90,000 100,729 80,000 71 ,994
Electrical and plumbing 52,000 62,271 57,000 49,958
Health and animal control 74,500 84,412 78,626 86 ,541
Other licenses and permits 28,475 37,026 27,825 25,953
244,975 284,438 243,451 234,446
Fines:
Municipal Court 619,000 792,632 628,000 673,914
Library 14,000 15,870 13,075 15,387
633,000 808,502 641 ,075 689,301
Intergovernmental revenue:
Operating grants 547,130 547,086 3,415,428 1 ,437,319
Wichita Falls School District 136,000 136,302 131 ,000 105,958
683,130 683,388 3,546,428 1 ,543 ,277
Miscellaneous revenue:
Parking meters 116,000 104,443 119,500 111 ,577
Rentals end concessions 105,300 104,867 113,400 110,652
Interest 645,900 856,392 651 ,700 986 ,365
Sale of fixed assets 63,900 171 ,693 59,700 94,126
Other 20,050 55,418 43,057 274,885
951 ,150 1 ,292,813 987,357 1 ,577,605
TOTAL REVENUE 25,407,246 25,447,263 26,552,536 24,762,967
28
CITY OF WICHITA FALLS, TEXAS EXHIBIT R-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - Page 2 of 3
BUDGET AND ACTUAL - Continued
GENERAL FUND
For the years ended September 30
1983 1982
Budget Actual Budget Actual
Expenditures :
Administrative services division :
Mayor and Board of Alderman 51 ,010 50,490 21 ,620 17,239
City Manager 275,211 256 ,128 275,198 263 ,263
Legal 205,897 175,467 215,289 199,272
Personnel 172,610 172,400 171 ,079 169,818
City Clerk 61 ,527 60,326 58,830 52,410
Martin Luther King Center 69,140 63,408 64,355 56,775
Farmer' s Market 12,672 11 ,449 12,075 9,058
Library 328,950 302,343 304,031 284,981
Oats Processing 1 ,084,326 1 ,015,177 989,048 923,779
Nondepertmental 1 ,898,615 1 ,342,291 981 ,129 989,614
Municipal Court 288,434 268,853 287,526 270,919
Risk Management 181 ,358 180,161 132,580 127 ,436
Building Maintenance 368,045 336,914 412,917 394,858
Central Garage 943 ,010 884,940 742,048 786,832
Departmental Contingency 17,038 125
5,940,805 5,120,347 4,684,763 4,546 ,379
Police division :
Police - support services 985,290 936,878 861 ,007 843 ,265
Police - field service 4,110,853 4,031 ,583 3 ,696 ,614 3 ,558,581
Police - administration 750,170 717,332 628,542 613,425
5,846 ,313 5,685,793 5,186 ,163 5,015,271
Fire division:
Fire suppression 3,824,808 3 ,727,996 3,309,757 3 ,201 ,073
Fire prevention 169,824 155,770 143 ,099 140,262
3,994,632 3,883,766 3 ,452,856 3 ,341 ,335
Parks and recreation division:
Recreation 347,358 331 ,777 224,944 208,706
Park maintenance 1 ,985,846 1 ,875,188 2,457 ,376 2,191 ,129
Golf 338,364 241 ,934 258,994 225,113
Cemetery 154,040 135,336 160,803 141 ,176
2,825,608 2,584,235 3.102,117 2,766,124
Accounting/Finance division:
Accounting/Finance 398,925 358,113 395,867 357,431
Tax 127 ,203 124,940 153,713 148,590
Purchasing 86,050 80,883 76,994 71 ,112
612,178 563 ,936 626,574 577,133
Planning division :
Planning 772,863 770,007 1 ,129,849 1 ,125,120
29
CITY OF WICHITA FALLS, TEXAS EXHIBIT 8-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - Page 3 of 3
BUDGET AND ACTUAL - Continued
GENERAL FUND
For the years ended September 30
1983 1982
Budget Actual Budget Actual
Expenditures - Continued
Public works division :
Engineering 746 ,906 712,715 628 ,544 608,318
Inspection 367 ,315 305,164 324,512 305,104
Street 3 ,383 ,863 3 ,303 ,479 3 ,824,265 3,492,844
Sanitation 2,654,339 2,392,855 3 ,491 ,879 3 ,442,498
Sanitary landfill 384,963 395,610 472,097 465,813
Transfer station 715 ,409 706 ,174 505,578 210,115
8,252,795 7 ,815 ,997 9 ,246 ,875 8,524,692
Health division :
Administration 217 ,371 204,812 341 ,889 333,410
Nursing 564,954 543,711 521 ,550 503 ,287
Milk, meat and water 116 ,323 113 ,173 107 ,392 104,618
Laboratory 92,608 92,522 103 ,014 81 ,028
General environment 49,575 48,979 117 ,995 109 ,958
Food and vector control 230,491 174,417 231 ,277 211 ,789
Animal control 148,477 142,886 144,732 138,684
1 ,419 ,799 1 ,320,500 1 ,567,849 1 ,482,774
Traffic and transportation division :
Traffic engineering 1 ,658,363 1 ,428,729 1 ,574,688 1 ,489,646
Parking meters 81 ,472 73 ,550 75,973 72,921
1 ,739 ,835 1 ,502,279 1 ,650,661 1 ,562,567
31 ,404,828 29 ,246 ,860 30 ,647,707 28,941 ,395
Less charges to other departments (1 ,074,737) (1 ,016 ,666 ) (841 ,079) (886 ,832)
TOTAL EXPENDITURES 30-,330,091 28,230,194 29,806 ,628 28,054,563
EXCESS OF REVENUES OVER
(UNDER] EXPENDITURES (4,922,845) (2,782,931 ) (3 ,254,092) (3 ,291 ,596)
Other financing sources (uses ) :
Operating transfers in 3 ,139,978 3 ,038,261 635,000 3 ,236 ,351
Operating transfers out {469,542] (180,218)
EXCESS OF REVENUES AND OTHER
SOURCES OVER (UNDER )
EXPENDITURES AND OTHER
USES $(1 ,782,867) 255,330 $(3 ,088,634) (235 ,463)
Fund balance - beginning 6,528,103 6 ,763,566
Fund balance - ending $ 6,783,433 $ 6,528,103
The accompanying notes are an integral part of these financial statements .
30
THIS PAGE IS LEFT INTENTIONALLY BLANK.
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific
revenue sources (other than special assessment, or for major capital
projects) that are legally restricted to expenditure for specific
purposes. Federal programs included in these funds ere the Revenue Sharing
and Community Development Block Grant programs. The operations of the
Auditorium end Activities Center are also accounted for in the Civic/
Community Promotion special revenue fund; the major source of revenue in
this activity is derived from the City Hotel—Motel Tax.
CITY OF WICHITA FALLS EXHIBIT C-1
COMBINING BALANCE SHEET
SPECIAL REVENUE FUNDS
September 30, 1983
Totals
Civic/ Community Memorandum Only
Revenue Community Development Special September 30, _
Sharing Promotion Block Grant Revenue 1983 1982
ASSETS
Cash and short-term
investments $1 ,668,964 $444,510 $135,642 $2,249,116 $1 ,210,861
Receivables:
Hotel-Motel tax 95,000 95,000 92,075
Other city funds 2,591 $ 40,698 43,289 777,026
Governmental
agencies 379,241 3,357,496 3,736,737 2,993,930
Other 5,084 3,820 21 ,676 338 30.91E 32,690
$2,055,880 $543,330 $3,419,870 $135,980 $6.155.060 $5,106,582
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable -
trade $ 27,187 $ 17,018 $ 19,650 $ 4,742 $ 68,597 $ 129,349
Accrued payroll 4,235 6,562 10,797 9,815
Payables to other
city funds 2,438 171 ,442 13 173,892 54,469
Other current
liabilities 22.390 45,107 67.498 68,128
49,577 23,691 242,761 4,755 320.784 261 ,761
Fund balance:
Reserved for
encumbrances 220,182 33 104,101 961 325,277 657,318
Unreserved:
Designated 1 ,786,121 3,073,008 130,264 4,989,393 3 ,618,864
Undesignated 519,606 519,606 568,639
2,006.303 519,639 3.177,109 131 ,225 5,834,276 4,844,821
$2,055.880 $543.330 $3,419,870 $135,980 $6.155,060 $5,106 ,582
The accompanying notes ere integral part of these financial statements .
31
CITY OF WICHITA FALLS, TEXAS EXHIBIT C-2
COMBINING STATEMENT OF REVENUES EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
SPECIAL REVENUE FUNDS
For the years ended September 30, 1983 and 1982
Civic/Community Community Development Totals Memorandum Only
Revenue Sharing Fund Promotion Block Grant Special Revenue 1983 1982
Budget Actual Budget Actual Budget Actual Budget Actual Budget Actual Actual
Revenues:
Taxes:
Hotel-Motel tax $350,000 $317,542 $ 350,000 $ 317,542 $ 344,909
Penalty and interest 500 500 1,457
•
350,500 317,542 350,500 317,542 346,366
Intergovernmental revenue $1,493,929 $1,511,203 $2,363,001 $2,362,900 3,856,930 3,874,103 3,401,175
Miscellaneous revenue:
Fees and donations $186,479 $122,411 186,479 122,411
Rents and concessions 175,600 195,173 25,100 17,817 200,700 212,990 249,241
Sales of fixed assets 28 3,773 3,773 300 939 4,073 4,740 280,075
Interest 17,000 146,521 28,200 39,937 6,982 45,200 193,440 175,049
Other 15,156 15,157 100 198 7,750 48,449 4,016 4,016 27,022 67,820 35,237
32,156 161,678 203,900 235,336 11,523 52,222 215,895 152,165 463,474 601,401 739,602
N TOTAL REVENUE 1,526,085 1,672,881 554,400 552,878 2,374,524 2,415,122 215,895 152,165 4,670,904 4,793,046 4,487,143
Expenditures:
Administrative services division:
Personnel services 169,158 165,230 169,158 165,230 146,749
Supplies and materials 41,648 36,512 39,346 27,625 80,994 64,137 29,877
Maintenance 21,254 20,181 56,002 13,478 77,256 33,659 114,102
Utilities and other services 257,360 255,442 106,500 89,652 363,860 345,094 257,108
489,420 477,365 201,848 130,755 691,268 608,120 547,836
Capital outlay 15,650 16,693 26,870 1,870 42,520 18,563 1,170
TOTAL EXPENDITURES 505,070 494,058 228,718 132,625 733,788 626,683 549,006
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES 1,526,085 1,672,881 49,330 58,820 2,374,524 2.415,122 (12.823) 19,540 3,937,116 4,166,363 3,938,137
Other financing uses:
General fund 1,173,472 1,173,472 1,391,506 1,391,506 2,564,978 2,564,978 2,745,042
Enterprise funds 273,550 273.550 338,381 338,381 611,931 611,931 912,95?
1,447,022 1,447,022 1,729,887 1,729,887 3,176,909 3,176,909 17657394
EXCESS OF REVENUES OVER (UNDER)
EXPENDITURES AIID OTHER USES $ 79,063 225,859 $ 49,330 58,820 $ 644,637 685,235 $(12,823) 19,540 $ 760,207 989,454 280,143
Fund balance - beginning 1,780,445 460,819 2,491,874 111,684 4,844,822 4,564,678
Fund balance - ending $2,006,304 $519,639 $3,177,109 $131,224 $5,834,276 $4,844,821
The accompanying notes are an integral part of these financial statements.
THIS PAGE IS LEFT INTENTIONALLY BLANK.
DEBT SERVICE FUND
The Debt Service Fund, also known as interest and sinking fund, is
established by ordinance authorizing the issuance of general obligation
bonds to provide for the payment of bond principal and interest. An ad
valorem tax rate and tax levy is required to be computed and levied which
will be sufficient to produce the funds required to pay principal and
interest as they come due. This Fund is also used to provide for the
payment of paying agent fees.
CITY OF WICHITA FALLS, TEXAS EXHIBIT D-1
BALANCE SHEET
DEBT SERVICE FUND
September 30,
1983 1982
ASSETS
Cash and short—term investments $ 674,577 $563,922
Receivables:
Ad valorem taxes — delinquent (net of
allowance for uncollectible taxes
of $86,024 and $43,071 ) 414,260 374,331
Other city funds 2,532 19,350
1 ,091 ,369 957,603
Restricted assets:
Cash 2,122 3 ,104
$1 ,093.491 $960.707
LIABILITIES fi FUND BALANCE
Liabilities
Accounts payable — trade $ 100
Other current liabilities 2,122 $ 3,104
Deferred tax revenue 385,542 324,396
387,764 327,500
FUND BALANCE
Unreserved:
Designated for debt service 705.727 633,207
$1 ,093,491 $960,707
The accompanying notes are an integral pert of these financial statements .
33
CITY OF WICHITA FALLS , TEXAS EXHIBIT D-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
DEBT SERVICE FUND
For the years ended September 30,
1983 1982
Revenues:
Taxes :
Ad valorem taxes $3,163,931 $2,493,681
Miscellaneous revenue 148,340 88,601
TOTAL REVENUE 3,312,271 2,582,282
Expenditures :
Principal retirement 1 ,758,000 1 ,486 ,000
Interest and paying agent fees 1 .481 ,751 992,868
TOTAL EXPENDITURES 3 ,239,751 2.478,868
EXCESS OF REVENUES OVER EXPENDITURES 72,520 103,414
Other financing source:
Operating transfer in 62,713
EXCESS OF REVENUES AND OTHER
SOURCE OVER EXPENDITURES 72,520 166,127
Fund balance — beginning 633 ,207 467,080
Fund balance — ending $ 705 ,727 $ 633 ,207
The accompanying notes are en integral part of these financial statements .
34
THIS PAGE IS LEFT INTENTIONALLY BLANK.
CAPITAL PROJECTS FUND
The Capital Projects Fund is used to account for financial resources to be
used for the acquisition or construction of major capital facilities .
Significant projects currently under construction are Central Services
Complex and 1983 Street Construction .
CITY OF WICHITA FALLS, TEXAS EXHIBIT E-1
BALANCE SHEET
CAPITAL PROJECTS FUND
September 30,
1983 1982
ASSETS
Cash and short—term investments
$8,825,137 $11 ,184,638
Receivables:
Other city funds 204,501 162,429
Government agencies 314
Other 10,598 66,760
$9,040,236 $11 ,414.141
LIABILITIES & FUND BALANCE
Liabilities:
Accounts payable — trade $ 727,752 $ 292,096
Accrued payroll 925
Payable to other city funds 1 ,811 10,826
Other 109,769 94,472
839,332 398.319
Fund Balance:
Reserved for encumbrances 2,031 ,529 1 ,741 ,349
Unreserved — designated 8,169.375 9,274,473
8,200,904 11 ,015,822
$9,040,236 $11 ,414,141
The accompanying notes are an integral pert of these financial statements .
35
CITY OF WICHITA FALLS, TEXAS EXHIBIT E-2
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
CAPITAL PROJECTS FUND
For the years ended September 30,
1983 1982
Revenues:
Miscellaneous :
Interest $ 1 ,040,913 $ 1 ,163 ,422
Other 33 ,111 1 ,622
TOTAL REVENUES 1 ,074,024 1 ,165.044
Expenditures:
Capital outlay:
Fiscal agent 29,322
Drainage improvements 130,019 7,056
Park improvements 23,595 14,227
Solid waste transfer station 695,713 614,005
Hamilton Park tennis improvement 8,762 90,409
Weeks Park tennis and golf improvements 88,590 181 ,757
Central services complex 1 ,553,217 282,704
Sanitary landfill 49,614 483,053
Police station remodeling 1 ,849 37,079
Street improvements 924,030 10,792
Traffic control equipment 109,693 24,048
City Hall annex 184,311
Fire station 260,193
Library remodeling 14,345
TOTAL EXPENDITURES 3,888,942 1 ,929,441
EXCESS OF REVENUE OVER
(UNDER] EXPENDITURES (2,814,918) (764,397 )
Other financing sources:
Proceeds of:
General obligation bonds (net) 7,075,000
EXCESS OF REVENUE AND OTHER
SOURCES OVER (UNDER )
EXPENDITURES (2,814,918) 6 ,310,603
Fund balance — beginning 11 .015.822 4,705,219
Fund balance — ending $ 8,200,904 $11 ,015.822
The accompanying notes are an integral part of these financial statements .
36
THIS PAGE IS LEFT INTENTIONALLY BLANK.
SPECIAL ASSESSMENT FUND
The Special Assessment Fund is used to account for the financing of public
improvements deemed to benefit the properties against which special
assessments are levied. Street and sidewalk paving expenditures and
associated special assessments are accounted for in this fund.
CITY OF WICHITA FALLS, TEXAS EXHIBIT F-1
BALANCE SHEET
SPECIAL ASSESSMENT FUND
September 30,
1983 1982
ASSETS
Cash and short—term investments $ 140,420 $ 25,434
Receivables:
Paving Assessments 657,912 625,599
Less cash basis allowance (657,912) (625,599)
Other city funds 2,626
Other receivables 453
$ 140,420 $ 28,513
LIABILITIES & FUND BALANCE
Liabilities:
Accounts payable — trade $ 4,438
Other current liabilities $ 3,990 9.176
3,990 13.614
Fund Balance:
Reserved for encumbrances 236,985 276 ,523
Unreserved — designated (100,555 ) (261 .624)
136,430 14.899
S 140,420 $ 28,513
The accompanying notes are an integral part of these financial statements .
37
CITY OF WICHITA FALLS, TEXAS EXHIBIT F-2
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
SPECIAL ASSESSMENT FUND
For the years ended September 30,
1983 1982
Revenues:
Special assessments :
Streets $ 107,106 $ 323 ,627
Sidewalks 101
Miscellaneous revenue :
Interest 14,425 13,898
Other 733
TOTAL REVENUES 121 ,531 338,359
Expenditures:
Maintenance and repairs 57,499
Court costs , fees and advertising 35
TOTAL EXPENDITURES 57,534
EXCESS OF REVENUES OVER
(UNDER ) EXPENDITURES 121 ,531 280,825
Fund balance — beginning 14,899 (265,926 )
Fund balance — ending $ 136,430 $ 14,899
The accompanying notes are an integral part of these financial statements .
38
THIS PAGE IS LEFT INTENTIONALLY BLANK.
ENTERPRISE FUNDS
Enterprise funds are used to account for operations that are financed and
operated in a manner similar to private business enterprises. The intent
of the governing body is that the costs of providing the service to the
general public on a continuing basis be recovered primarily through user
charges . The operations of the Airport, the Transit System, and the Water
and Sewer System are recorded in these funds.
CITY OF WICHITA FALLS, TEXAS
COMBINING BALANCE SHEETS
ENTERPRISE FUNDS
September 30, 1983
Water Totals
and September 30,
Airport Transit Sewer 1983 1982
ASSETS
CURRENT ASSETS
Cash and short-term
investments $ 127,070 $ 2,765 $ 547 ,981 $ 677 ,816 $ 629,232
Receivables:
Trade 16 ,308 1 ,733 ,448 1 ,749,756 1 ,521 ,540
Other city funds 38 1 ,891 1 ,929 29,608
Governmental agencies 49,174 49,174 391 ,905
Other 776 46 ,495 47,271 14,382
Inventory 15,316 372,600 387 ,916 342,495
143 ,378 68,069 2,702,415 2,913,862 2,929,162
RESTRICTED ASSETS
Cash end short-term
investments 52,407 2,000 2,873 ,766 2,928,173 4,193 ,532
Receivables from govern-
ment agencies 204,501 204,501 22,844
Other city funds 75
Other 152,809 152,809 162,579
52,407 206 ,501 3 ,026 ,575 3 ,285,483 4,379,030
PLANT AND EQUIPMENT
Land and betterments 1 ,471 ,966 39,814 19,241 ,054 20,752,834 20,646 ,702
Buildings , systems and
improvements 1 ,453 ,724 5,075 44,267,993 45,726,792 43 ,302,548
Machinery and equipment 42,310 24,265 1 ,651 ,164 1 ,717,739 1 ,497,877
Furniture and fixtures 29,419 1 ,972 25,944 57 ,335 49,755
Motor vehicles 416 ,025 795,574 1 ,211 ,599 1 ,043 ,067
Construction in progress 235 ,309 443 ,735 679,044 144,080
2,997,419 722,460 66 ,425 ,464 70,145,343 66 ,684,029
Less accumulated
depreciation (562,643 ) (272,163) (23,148,917) (23.983 ,723 ) (22,477,936)
2,434,776 450,297 43,276,547 46 ,161 .620 44,206 ,093
OTHER ASSETS
Deferred charges 27,252 27,252 25,101
Other 337,500 337,500 487 ,500
364,752 364,752 512,601
$2,630,561 $724,867 $49,370,289 $52,725,717 $52,026 ,886
The accompanying notes are an integral part of these financial statements .
39
EXHIBIT G-1
Water Totals
and September 30,
Airport Transit Sewer 1983 1982
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES--PAYABLE
FROM CURRENT ASSETS
Accounts payable--trade $ 4,502 $ 21 ,487 $ 311 ,658 $ 337,647 $ 259,700
Accrued payroll 4,015 15,735 172,866 192,616 205,812
Payable to other city funds 41 ,186 198,099 239,285 926 ,561
Other current liabilities 49,136 49,136 113.291
8,517 78,408 731 ,759 818,684 1 ,505,364
CURRENT LIABILITIES--PAYABLE
FROM RESTRICTED ASSETS
Contracts and trade 62,306 62,306 93,981
Revenue bonds--current
maturaties 30,000 900,000 930,000 930,000
Accrued interest--revenue
bonds 1 ,805 84,246 86 ,051 94,317
Other city funds 81 206,501 206,582 86,536
Government agencies 20,577
Deferred revenue 162,500 162,500 164,210
31 ,886 206,501 1 ,209,052 1 ,447,439 1 ,389,621
LONG-TERM DEBT
Payable to U. S. Government 1 ,167,685 1 ,167 ,685 1 ,181 ,234
Revenue bonds - less
current maturities 60,000 7,320,000 7,380,000 8,310,000
60,000 8,487,685 8,547,685 9,491 ,234
LONG-TERM LIABILITIES
Customer deposits 506 ,406 506,406 454,269
Deferred revenue 337,500 337,500 487,500
843,906 843.906 941 ,769
100,403 284,909 11 ,272,402 11 ,657,714 13,327,988
FUND EQUITY
Contributions in aid of
construction and other 2.277.385 480.289 14,149,390 16,907,064 15.899,081
Retained earnings:
Reserved for revenue
bond debt service 135,715 135,715 249,962
Reserved for bond
contingency 845,100 845,100 845,100
Unreserved 252,773 (40,331 ) 22,967,682 23.180,124 21 ,904,755
252,773 (40,331 ) 23,948,497 24,160,939 22,999,817
2.530,158 439.958 38,097,887 41 ,068,003 38,698,898
$2■630,561 $724,867 $49.370,289 $52,725,717 $52,026 ,886
40
CITY OF WICHITA FALLS, TEXAS EXHIBIT G-2
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
For the years ended September 30,
Water Totals
and September 30,
Airport Transit Sewer 1983 1982
Operating revenues:
Charges for services $ 39,596 $159,119 $ 8,639,250 $ 8,837,965 $ 7,859,613
Rents , concessions, and
other 122,536 29,696 194,344 346,576 265,687
162,132 188,815 8,833,594 9,184,541 8,125,300
Operating expenses:
Personnel services 61 ,257 254,772 2,421 ,609 2,737,638 3,061 ,040
Supplies and materials 4,160 57,233 706,793 768,186 702,085
Maintenance and repairs 29,815 56,847 1 ,221 ,716 1 ,308,378 1 ,259,663
Utilities and other
services 46 ,231 21 ,537 1 ,384,997 1 ,452,765 1 ,307,383
Insurance and contract
support 12,422 10,548 317,756 340,726 291 ,129
153,885 400,937 6,052,871 6,607,693 6,621 ,300
Operating income ( loss)
before depreciation
and amortization 8,247 (212,122) 2,780,723 2,576 ,848 1 ,504,000
Depreciation and amortiza-
tion (101 ,030) (33,375) (1 ,422,682] (1 .557.087 ) (1 ,525,269)
Operating income ( loss ) (92,783 ) (245,497 ) 1 ,358,041 1 ,019,761 (21 .269)
Non-operating revenues
(expenses ) :
Interest income 17,970 684 395,374 414,028 598,798
Gain ( Loss ) on sale of assets (1 ,414) 1 ,015 9,300 8,901 23 ,314
Interest expense (4,695) (507,681 ) (512,376 ] (546,361 )
Operating grants 1 ,075 120,621 95,620 217,316 547,841
12,936 122,320 (7,387 ) 127,869 623,592
Income ( loss ) before
operating transfer (79,847) (123 ,177) 1 ,350,654 1 ,147,630 602,323
Operating transfer (net) 118,908 (105,416 ) 13,492 (283 ,782)
Net income ( loss ) (79.847 ) (4,269) 1 ,245,238 1 ,161 ,122 318,541
Retained earnings, October 1 ,
as previously reported 24,887,967
Reclassification to contributions
in aid of construction (2,206,691 )
Retained earnings - beginning,
as reclassified 332,620 (36,062) 22,703,259 22,999,817 22.681 .276
Retained earnings - ending $252,773 $(40,331 ) $23,948,497 $24,160,939 $22,999.817
The accompanying notes are an integral part of these financial statements .
41
CITY OF WICHITA FALLS, TEXAS EXHIBIT G-3
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
ENTERPRISE FUNDS
For the years ended September 30,
Totals
Water And September 30,
Airport Transit Sewer 1983 1982
Source of Funds:
Net income [ loss ) $(79,848) $ (4,269) $ 1 ,245,239 $ 1 ,161 ,122 $ 319,541
Item not requiring (providing)
working capital :
Depr. & amortization 101 ,030 33,375 1 ,422,682 1 ,557,087 1 ,525,269
Other (18,759) (18,759 )
21 ,182 29,106 2,649,162 2,699,450 1 ,843,810
Contrib. in aid of constr. 333,575 275,123 599,284 1 ,207,982 810,851
Fixed assets sold or retired 1 ,414 1 ,414
Reductions in note rec. 718
Customer deposits , net 52,136 52,136 9,727
Proceeds of revenue bonds 2,020,000
356,171 304,229 3 ,300,582 3,960,982 4,685,106
Application of Funds:
Deferred charges 9,842 9,842 8,400
Purchase of fixed assets 333,833 275,603 2,878,139 3 ,487 ,575 2,545,658
Retirement of revenue bonds 30,000 900,000 930,000 820,000
Increase in current
maturities , revenue bonds 110,000
Payment of U.S. Govern .Oblg. 13,548 13,548 13,121
363,833 275 ,603 3 ,801 ,529 4,440,965 3 ,497,179
Net increase (decrease )
in working capital $ (7,662) $ 28.626 $ [500,947 ) $ (479,9831 $1 ,187 ,927
Summary of Net Changes in
Working Capital :
Increase (decrease ) in
current assets :
Cash and investments $(61 ,833 ) $ 194 $(1 ,155,134) $(1 ,216,773) $ 476,29R
Trade receivables (59) 228,275 228,216 325,637
Due from other funds (6,035) (655) (21 ,064) (27,754) (2,417)
Receivables, other
government agencies (5,015) (155,979) (801 [161 ,074) [177,9861
Inventory 6,885 38,536 45,421 288,548
Prepaid expense & other [1 ,2941 (362) (462,725 ) (464,381 ) (10,564)
(74,236) (149 ,917 ) [1 ,372,192) (1 ,596 ,345 ) 899,516
Increase (decrease ) in
current liabilities :
Accounts payable trade (17,279) [6 ,594) 86 ,528 62,655 (227,884)
Due to other funds [30,581 ) (170,963] (365,686 ) (567,2301 (116,887 )
Contracts payable (34,462) (34,462) (76,564)
Other (17,004) (986 ) (82,625) (100,615) 20,801
Notes and bonds payable 110,413
Deferred revenue [1 ,710) (475 ,000) 1476.710 ) 1 ,710
(66 ,574) (178,543 ) (871 ,245) (1 ,116,362) (288,411 )
Net increase (decrease )
in working capital $ [7,662] $ 28,626 $ (500,947 ) $ (479,983 ) $1 ,187.927
The accompanying notes are an integral part of these financial statements .
42
THIS PAGE IS LEFT INTENTIONALLY BLANK.
AGENCY FUNDS
Social Security Fund — to account for the collection and payment of social
security (FICA) taxes.
Payroll Fund — to account for the collection of payroll gross amounts from
the various City funds and the distribution of payroll checks to City
employees.
Tax Collection Fund — to account for the collection and payment of ad
valorem taxes to the City's General and Debt Service Funds, the Wichita
Falls Independent School District, and Midwestern State University.
Accounts Payable Fund — to account for the collection of monies from the
various City funds, and the payment of those monies to vendors for goods
and services rendered.
Section 8 Housing Grants — to account for the resources provided and
expended in conjunction with the Section 8 Housing Grant Program. These
resources were received by the City on behalf of numerous secondary
recipients.
CDBG Secretary's Discretionary Grant — to account for the resources
provided and expended in conjunction with the Secretary's Discretionary
Grant Program. These resources were received by the City on behalf of
numerous secondary recipients.
CITY OF WICHITA FALLS, TEXAS EXHIBIT H-1
COMBINING BALANCE SHEET
AGENCY FUNDS
September 30, 1983
Agency Funds Totals
COBB
Social Tax Accounts Section 8 Secretary
Security Payroll Collection Payable Housting Discre- September 30,
Fund Fund Fund Fund Fund tionary 1983 1982
ASSETS
Cash and short-term
investments $161 ,982 $ 34,001 $ 2,277 $108,671 $65,056 $ 371 ,987 $ 463,114
Receivables:
School and college
district taxes 1 ,841 ,215 1 ,841 ,215 1 ,499,342
Other city funds 3,982 $1 ,081 839 1 ,730 7,632 7,575
Government agencies 3,578
Other 645 645 968
Prepaid expense 52,263 52.263 48.622
r
w
$165,964 $1 ,081 $1 .876,700 $ 2,277 $160.934 $66.786 $2,273,742 $2.023.197
LIABILITIES & FUND BALANCE
Liabilities:
Accounts payable - trade $ 5,305 $ 390 $ 5,695 $ 9,316
Accrued payroll 1 ,997 1 ,997 1 ,620
Payable to other city
funds $ 615 $ 489 9,599 $2,277 301 13,281 79,129
Payable to government
agencies 165,349 1 ,847,090 36,328 $66,786 2,115,553 1 ,733,272
Other current liabilities 592 14,706 15,298 4,904
Deferred revenue 121 .918 121 .918 194,956
$165,964 $1 ,081 $1 ,876,700 $2,277 $160,934 $66 ,786 $2,273,742 $2,023 ,197
The accompanying notes are an integral part of these financial statements .
CITY OF WICHITA FALLS, TEXAS EXHIBIT H-2
COMBINING STATEMENTS OF CHANGES IN ASSETS AND LIABILITIES Page 1 of 3
AGENCY FUNDS
For the year ended September 30, 1983
Balance Balance
September 30, September 30,
1982 Additions Deductions 1983
SOCIAL SECURITY FUND
ASSETS
Cash and short-term investments $ 165,048 $ 4,552,972 $ 4,556 ,038 $ 161 ,982
Receivables:
Other City funds 170 2,151 ,563 2,147,751 3,982
Other 32,682 32,682
$ 165,218 $ 6,737,217 $ 6 ,736,471 $ 165,964
LIABILITIES
Payable to other City funds $ 1 ,017 $ 2,044,922 $ 2,045,324 $ 615
Payable to government agencies 164,201 2,164,372 2,163,224 165 ,349
$ 165,218 $ 4,209,294 $ 4,208,548 $ 165,964
PAYROLL FUND
ASSETS
Receivables:
Government agencies $ 482,303 $ 482,303
Other City funds $ 5,942 36,412,173 36,417,034 $ 1 ,081
$ 5,942 36,B94,476 36,899,337 $ 1 ,081
LIABILITIES
Payable to other City funds $ 1 ,592 $ 1 ,485,097 $ 1 ,486 ,200 $ 489
Other current liabilities 4,350 18,459,524 18,463,282 592
$ 5,942 $ 19,944,621 $ 19,949,482 $ 1 ,081
TAX COLLECTION FUND
ASSETS
Cash and short-term investments $ 126,139 $ 62,308,699 $ 62,400,837 $ 34,001
Receivables:
Taxes 1 ,499,342 12,999,879 12,658,006 1 ,841 ,215
Other City funds 263 10,317 9,741 839
Other 966 349 670 645
$1 ,626 ,710 $ 75,319,244 $ 75 ,069,254 $1 ,876,700
LIABILITIES
Accounts payable trade $ 8,778 $ 4,264,158 $ 4,267,631 $ 5,305
Payable to other City funds 50,606 17,318,341 17,359,348 9,599
Payable to government agencies 1 ,566,777 38,022,846 37,742,533 1 ,847,090
Other current liabilities 549 180,229 166 ,072 14,706
$1 ,626 ,710 $ 59,785,574 $ 59,535,584 $1 ,876,700
44
CITY OF WICHITA FALLS, TEXAS EXHIBIT H-2
COMBINING STATEMENTS OF CHANGES IN ASSETS AND LIABILITIES - Continued Page 2 of 3
AGENCY FUNDS
For the year ended September 30, 1983
Balance Balance
September 30, September 30,
1982 Additions Deductions 1983
ACCOUNTS PAYABLE FUND
ASSETS
Cash and short-term investments $ 21 ,911 $ 60,906,726 $ 60,926 ,360 $ 2,277
Receivable:
Other City funds 55,197,153 55,197,153
$ 21 ,911 $116,103,879 $116 ,123,513 $ 2,277
LIABILITIES
Accounts payable trade $ 60,867,906 $ 60,867,906
Payable to other City funds $ 21 ,911 76,442 96,076 $ 2,277
S 21 ,911 $ 60,944,348 $ 60,963,982 $ 2,277
CETA GRANTS FUND
ASSETS
Receivable
Government agencies S 3,578 $ 3 ,578
S 3 ,578 S 3,578
LIABILITIES
Payable to other City funds S 3,578 $ 3,578
$ 3,578 S 3,578
SECTION 08 HOUSING GRANT
ASSETS
Cash and short term investments $ 83,208 $ 1 ,819,061 $ 1 ,793,598 $ 108,671
Receivables:
Other City funds 1 ,200 4,698 5,898
Government agencies 56,519 56,519
Prepaid expense 48,622 52,475 48,834 52,263
S 133,030 $ 1 ,932,753 $ 1 ,904,849 $ 160,934
LIABILITIES
Accounts payable trade S 538 $ 726 ,616 $ 726 ,764 $ 390
Accrued payroll 1 ,620 1 ,997 1 ,620 1 ,997
Payable to other City funds 425 853,383 853 ,507 301
Payable to government agencies 2,294 36,32E 2,294 36,328
Deferred revenue 128,153 775,876 782,111 121 ,918
S 133,030 $ 2,394,200 $ 2,366,296 $ 160,934
45
CITY OF WICHITA FALLS, TEXAS EXHIBIT H-2
COMBINING STATEMENTS OF CHANGES IN ASSETS AND LIABILITIES - Continued Page 3 of 3
AGENCY FUNDS
For the year ended September 30, 1983
Balance Balance
September 30, September 30,
1982 Additions Deductions 1983
CDBG SECRETARY'S DISCRETIONARY GRANT
ASSETS
Cash end short-term investments $ 66 ,808 $ 1 ,752 $ 65,056
Receivables:
Other City funds $ 1 ,730 1 ,730
$ 66,808 $ 1 ,730 $ 1 ,752 $ 66,786
LIABILITIES
Payable to government agencies $ 66 ,786 $ 66,786
Other $ 5 16 21
Deferred revenue 66,803 66,803
$ 66,808 $ 66 ,802 $ 66,824 $ 66,786
TOTALS - ALL AGENCY FUNDS
ASSETS
Cash and short-term investments $ 463,114 $129,587,458 $129,678,585 $ 371 ,987
Receivables:
Taxes 1 ,499,342 12,999,879 12,658,006 1 ,841 ,215
Other City funds 7,575 93,777,634 93 ,777,577 7,632
Government agencies 3,578 538,822 542,400
Other 966 33 ,031 33 ,352 645
Prepaid expense 48,622 52,475 48,834 52,263
$2,023,197 $236,989,299 $236 ,738,754 $2,273,742
LIABILITIES
Accounts payable trade $ 9,316 $ 65,858,680 $ 85,862,301 $ 5,695
Accrued payroll 1 ,620 1 ,997 1 ,620 1 ,997
Payable to other City funds 79,129 21 ,778,185 21 ,844,033 13,281
Payable to government agencies 1 ,733,272 40,290,332 39,908,051 2,115,553
Other current liabilities 4,904 18,639,769 18,629,375 15,298
Deferred revenue 194,956 775,876 848,914 121 ,918
$2,023,197 $147,344,839 $147,094,294 $2,273,742
The accompanying notes are an integral pert of these financial statements .
46
THIS PAGE IS LEFT INTENTIONALLY BLANK,
SUPPORTING SCHEDULES
CITY OF WICHITA FALLS, TEXAS EXHIBIT I-1
BONDED DEBT AND INTEREST MATURITIES — GENERAL LONG—TERM DEBT
September 30, 1983
General Obligation Bonds
Fiscal Serial Total
Year Bond Interest Bonds And
Ending Maturities On Bonds Interest
1984 $ 2,020,000 $1 ,365,442 $ 3,385,442
1985 1 ,855,000 1 ,242,288 3,097,288
1986 1 ,557,000 1 ,124,012 2,681 ,012
1987 1 ,585,000 1 ,003,981 2,588,981
1988 1 ,370,000 894,428 2,264,428
1989 1 ,258,000 769,778 2,047,778
1990 975,000 692,462 1 ,667,462
1991 850,000 613,013 1 ,463,013
1992 725,000 541 ,025 1 ,266,025
1993 875,000 462,500 1 ,337,500
1994 875,000 373,500 1 ,248,500
1995 875,000 285,550 1 ,160,550
1996 875,000 198,750 1 ,073,750
1997 900,000 113,350 1 ,013,350
1998 200,000 50,000 250,000
1999 200,000 36,000 236,000
2000 200,000 24,000 224,000
2001 200,000 12,000 212,000
$17,395,000 $9,822,079 $27,217,079
The accompanying notes are an integral part of these financial statements.
47
CITY OF WICHITA FALLS, TEXAS EXHIBIT I-2
REVENUE BONDS AND INTEREST MATURITIES — AIRPORT FUND
September 30, 1983
Fiscal Serial Total
Year Bond Interest Bonds And
Ending Maturities On Bonds Interest
1984 $30 ,000 $3 ,925 $33,925
1985 20,000 2,700 22,700
1986 20,000 1 ,800 21 ,800
1987 20,000 900 20,900
$90,000 $9,325 $99,325
The accompanying notes are an integral part of these financial statements .
48
CITY OF WICHITA FALLS, TEXAS EXHIBIT I-3
REVENUE BONDS AND INTEREST MATURITIES - WATER AND SEWER FUND
September 30, 1983
Fiscal Serial Total
Year Bond Interest Bonds And
Ending Maturities On Bonds Interest
1984 $ 900,000 $ 494,164 $ 1 ,394,164
1985 900,000 447,556 1 ,347,556
1986 900,000 400,658 1 ,300,658
1987 900,000 353,781 1 ,253 ,761
1988 900,000 308,553 1 ,208,553
1989 570,000 270,608 840,608
1990 600,000 233,713 833,713
1991 520,000 199,786 719,786
1992 370,000 166,762 536 ,762
1993 370,000 136,802 506,802
1994 280,000 106,352 386 ,352
1995 260,000 79,887 359,887
1996 285,000 53,590 338,590
1997 185,000 31 ,871 216,871
1998 110,000 15,327 125,327
1999 50,000 8,025 58,025
2000 50,000 4,563 54,563
2001 50.000 1 .500 51 .500
$8,220,000 $3,313.478 $11 ,533,478
The accompanying notes are an integral part of these financial statements .
49
CITY OF WICHITA FALLS, TEXAS EXHIBIT I-4
DEBT SERVICE COVERAGE — REVENUE BONDS
September 30, 1983
Airport Revenue Bonds :
Net income ( Loss ) (Exhibit G-2) $ (79,847)
Add:
Revenue bond interest and paying agents fee $ 4,695
Depreciation 101 ,030 105,725
Net earnings for determining debt service coverage $ 25,878
Total principal and interest requirements $ 99,325
Number of years remaining to pay bonds 4
Average annual principal and interest requirment $ 24,831
Average annual debt service coverage 1 .04
Maximum principal and interest requirement $ 33,925
Maximum debt service coverage .76
Water and Sewer Revenue Bonds:
Net income (Exhibit G-2) $ 1 ,245,238
Add:
Revenue bond interest expense and paying agent fees $ 469,149
Depreciation and amortization 1 ,422,682
Operating transfers out 105 ,416 1 ,997 ,247
Net earnings for determing debt service coverage $ 3 ,242,485
Total principal and interest requirements $11 ,533 ,478
Number of years remaining to pay bonds 18
Average annual principal and interest requirement $ 640,749
Average annual debt service coverage 5.06
Maximum principal end interest requirement $ 1 ,394,164
Maximum debt service coverage 2.32
The accompanying notes are an integral part of these financial statements .
50
THIS PAGE IS LEFT INTENTIONALLY BLANK.
STATISTICAL SECTION
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-1
GENERAL FIXED ASSETS
ADDITIONS AND DELETIONS BY DEPARTMENT
For the year ended September 30, 1983
(Unaudited)
Beginning Transfers Ending
Balance Additions Deletions In (out) Balance
Mayor and City Council $ 5,218 $ 5,218
General Administration 2,030,082 $ 20,471 $ (1 ,755) 2,048,798
Legal and City Clerk 14,308 (844) 13,464
Personnel 19,309 (9,488) 9,821
Data Processing 1 ,545,915 200,689 $ 941 ,765 804,839
Library 787,173 15,307 802,480
Health 1 ,036,827 55,430 (9,008) 1 ,083,249
Finance 25,936 2,344 693 (837 ) 26,750
Tax 19,997 628 837 21 ,462
Municipal Court 575,450 575,450
Risk Management 337,062 59,305 396 ,367
Police 2,710,733 338,990 22,831 6 ,056 3 ,032,946
Fire 2,205,533 375,441 12,227 918 2,569,665
Engineering 220,329 34,186 254,515
Inspection 44,081 7,446 6 ,672 8,794 53 ,649
Property Agent 13,991 11 ,705 (7,950) 17,746
Street Maintenance 1 ,877,454 171 ,433 104,787 (1 ,200) 1 ,942,900
Sanitation 4,399,643 1 ,741 ,262 63,541 6 ,077,364
Parks 12,831 ,335 140,017 11 ,126 (12,872) 12,947,354
Golf 254,052 20,738 2,925 6 ,675 278,540
Cemetery 33,623 6,164 39,787
Planning 28,713 11 ,070 3 ,654 4,199 40,328
Traffic Engineering 330,434 52,715 14,530 366,619
Parking Meters 16,465 16 ,465
Purchasing 5,360 1 ,824 6 ,984
Central Garage 626 ,974 1 ,532,081 5,254 (5,813 ) 2,147,988
Building Maintenance 28,638 28,638
Midtown 2000 145,504 103,937 249,441
Auditorium Activity Center 6 ,585 ,753 1 ,276 6 ,587,029
Community Development Block 84,964 84,964
$36,840,856 $4,904,259 $1 .190.005 $(22.288) $42,532,822
51
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-2
GENERAL FIXED ASSETS
BY MAJOR CLASSIFICATION
September 30, 1983
(Unaudited )
Buildings Machinery Furniture Constr .
Land And and and and Motor In
Total Betterments Improvements Equipment Fixtures Vehicles Progress
Mayor & City Council $ 5,218 $ 5,218
General Administration 2,048,798 $ 1 ,254,622 $ 650,806 $ 24,824 91 ,590 $ 26 ,956
Legal and City Clerk 13,464 13 ,464
Personnel 9,821 9,821
Data Processing 804,839 567,106 237,733
Library 802,480 610,870 130,546 3 ,997 45,367 $ 11 ,700
Health 1 ,083,249 76,411 743,621 136,397 54,417 72,403
Finance 26,750 1 ,083 22,568 3,099
Tax 21 ,462 3,133 18,329
Municipal Court 575,450 230,440 308,561 5,168 20,300 10,981
vl
N Risk Management 396 ,367 383 ,383 4,443 8,541
Police 3,032,948 1 ,092,914 661 ,210 462,979 80,950 734,895
Fire 2,569,665 188,852 1 ,480,623 124,066 43,325 732,799
Engineering 254,515 113,364 1 ,925 73,674 2,314 63 ,238
Inspection 53,649 13,059 564 4,989 35,037
Property Agent 17,746 260 844 16,642
Street Maintenance 1 ,942,900 29,937 84,292 125,224 5,081 1 ,698,366
Sanitation 6 ,077,364 615,703 2,113 ,281 200,025 8,957 3,139,398
Parks 12,947,354 9,568,817 2,474,298 565,974 17,975 320,290
Golf 278,540 112,539 42,908 96,142 26 ,951
Cemetery 39,787 15,212 18,411 6,164
Planning 40,328 4,807 18,111 17,410
Traffic Engineering 368,619 41 ,425 4,985 44,196 88,408 189,605
Parking Meters 16 ,465 16 ,465
Purchasing 6 ,984 1 ,917 5,067
Central Garage 2,147,988 209,546 443 ,309 95,192 8,263 115,974 1 ,275,704
Building Maintenance 28,638 8,197 8,110 12,331
Midtown 2000 249,441 238,798 10,643
Auditorium Activities Center 6 ,587,029 434,422 5,930,612 58,352 163,643
Community Development Block 84,964 78,358 6,269 337
$42,532,822 $14,925,289 $15,077,246 $3,005,408 $979,287 $7,247,545 $1 ,298,047
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-3
AIRPORT FUND
PLANT, EQUIPMENT, AND DEPRECIATION
For the year ended September 30, 1983
(Unaudited)
Balance Balance
Plant and Equipment: 10/1/82 Additions Deletions 9/30/83
Land and Betterments $1 ,471 ,966 $1 ,471 ,986
Buildings and Improvements 1 ,120,149 $333,575 1 ,453,724
Machinery and Equipment 44,407 260 $2,357 42,310
Furniture and Fixtures 29,419 29,419
2,665,941 333,835 2 357 2,997,419
Accumulated Depreciation :
Land and Betterments 168,195 59,095 227,290
Buildings and Improvements 247,393 38,291 285,694
Machinery and Equipment 26,423 2,610 944 28,089
Furniture and Fixtures 20,546 1 ,034 21 ,580
462,557 101 ,030 944 562,643
Net Plant and Equipment $2,203,384 $232,605 $1 ,413 $2,434,776
53
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-4
TRANSIT SYSTEM
PLANT, EQUIPMENT AND DEPRECIATION
For the year ended September 30, 1983
(Unaudited)
Balance Balance
Plant and Equipment 10/1/82 Additions Deletions 9/30/83
Land and Betterments $ 39,814 $ 39,814
Buildings and Improvements $ 5,075 5,075
Machinery and Equipment 23,785 480 24,265
Furniture and Fixtures 1 ,972 1 ,972
Motor Vehicles 437,002 $20,977 416 ,025
Construction in Progress 235.309 235,309
467,834 275,603 20.977 722,460
Accumulated Depreciation :
Buildings and Improvements 357 258 615
Machinery and Equipment 12,654 1 ,549 14,203
Furniture and Fixtures 736 182 918
Motor Vehicles 246,018 31 .386 $20,977 256,427
259,765 33,375 20,977 272.163
Net Plant and Equipment $208.069 $242,228 $450,297
54
CITY OF WICHITA FALLS EXHIBIT J-5
WATER AND SEWER FUND
PLANT, EQUIPMENT AND DEPRECIATION
For the year ended September 30, 1983
(Unaudited)
Plant And Equipment Accumulated Depreciation Net Plant
Balance Transfers Balance Balance Balance And
10/1/82 Additions Deletions In (Out) 9/30/83 10/1/82 Additions Deletions 9/30/83 Equipment
Water:
Land & Betterments $19,089,522 $ 66,318 $19,155,840 $ 3,086,439 $ 233,493 $ 3,319,932 $15,835,908
Buildings, Systems & Imprv. 24,693,972 1,661,786 $144,080 26,499,838 10,842,949 432,490 11,275,439 15,224,399
Machinery & Equipment 1,262,498 184,379 1,446,877 1,044,485 124,567 1,169,052 277,825
Furniture & Fixtures 17,783 7,581 25,364 17,066 445 17,511 7,853
Motor Vehicles 518,030 91,700 $2,929 606,801 261,497 79,554 $ 2,929 338,122 268,679
Construction in Progress 144,080 97,739 (144,080) 97,739 97,739
$45,725,885 $2,109,503 $2,929 $47,832,459 $15,252,436 $ 870,549 $ 2,929 $16,120,056 $31,712,403
Sewer:
Land & Betterments $ 85,214 $ 85,214 $ 18,759 $18,759 $ 85,214
Buildings, Systems & Imprv. 17,483,352 $ 284,803 17,768,155 6,348,509 $ 516,026 $ 6,864,535 10,903,620
Machinery & Equipment 167,188 37,099 204,287 80,586 20,489 101,075 103,212
Furniture 6 Fixtures 580 580 580 580
Motor Vehicles 88,035 100,738 188,773 54,744 7,927 62,671 126,102
Construction in Progress 345,996 345,996 345,996
$17,824,369 $ 768,636 $18,593,005 $ 6,503,178 $ 544,442 $17 $ 7,028,861 $11,564,144
Combined Water & Sewer:
Land & Betterments $19,174,736 $ 66,318 $19,241,054 $ 3,105,198 $ 233,493 $18,759 $ 3,319,932 $15,921,122
Buildings, Systems & Imprv. 42,177,324 1,946.589 $144,080 44,267,993 17,191,458 948,516 18,139,974 26,128,019
VI Machinery & Equipment 1,429,686 221,478 1,651,164 1,125,071 145,056 1,270,127 381,037
VI Furniture & Fixtures 18,363 7,581 25,944 17,646 445 18,091 7,853
Motor Vehicles 606,065 192,438 $2,929 795,574 316,241 87,481 2,929 400,793 394,781
Construction in Progress 144,080 443,735 (144,080) 443,735 443,735
$63,550,254 $2,878,139 $2,929 $66,425,464 $21,755,614 $1,414,991 $21,688 $23,148,917 $43,276,547
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-6
PROPERTY TAX LEVIES AND COLLECTIONS — LAST TEN FISCAL YEARS
(Unaudited)
Total
Collections
Percent Delinquent As Percent
Fiscal Total Current Tax Of Levy Tax Total Tax Of Current
Year Tax Levy Collections Collected Collections Collections Levy
1973-74 $ 5,272,911 $ 5,102,886 96.78% $126,249 $ 5,229,135 99.17%
1974-75 5,646,229 5,500,910 97.43% 133,094 5,634,004 99.78%
1975-76 5,771 ,676 5,621 ,613 97.40% 119,564 5,741 ,177 99.47%
1976-77 5,965,634 5,839,672 97.89% 157,354 5,997,026 100.53%
1977-78 6 ,216 ,950 6,085,516 97.89% 126,174 6,211 ,690 99.92%
1978-79 7,050,216 6,896 ,264 97.82% 118,793 7,015,057 99.50%
1979-80 7,582,393 7,383,608 97.38% 129,220 7,512,828 99.08%
1980-81 9,315,184 9,031 ,661 96.96% 152,342 9,184,003 98.59%
1981-82 10,896,934 10,508,375 96.43% 181 ,577 10,689,952 98.10%
1982-83 12,490,900 11 ,900,747 95.28% 249,522 12,150,269 97.28%
56
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-7
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY — LAST TEN FISCAL YEARS
(Unaudited)
Ratio Of Total
Real Property Personal Property Total Assessed To
Fiscal Assessed Estimated Assessed Estimated Assessed Estimated Total Estimated
Year Value Actual Value Value Actual Value Value Actual Value Actual Value
1973-74 $ 228,732,633 $ 457,465,266 $ 60,981 ,302 $121 ,982,604 $ 289,713,935 $ 579,427,870 50.00%
1974-75 332,865,560 475,522,228 101 ,448,771 144,926,816 434,314,331 820,449,044 70.00%
1975-76 344,233,986 491 ,762,837 128,840,713 184,058,161 473,074,699 675,820,998 70.00%
1976-77 422,860,676 604,086,879 146 ,828,119 209,754,455 569,688,795 813,841 ,134 70.00%
1977-78 450,945,083 644,207,262 165,795,673 236,850,961 616,740,756 881 ,058,223 70.00%
1978-79 496,581 ,713 709,402,447 181 ,316,767 259,023,953 677,898,480 968,426,400 70.00%
1979-80 552,869,985 789,814,238 205,360,309 293,371 ,870 758,230,274 1 ,083,186,106 70.00%
1980-81 908,905 ,547 906,905,547 335,093,095 335,093,095 1 ,241 ,998,642 1 ,241 ,998,642 100.00%
1981-82 1 ,068,352,963 1 ,068,352,963 384,544,358 385,544,358 1 ,452,897,321 1 ,452,897,321 100.00%
1982-83 1 ,324,181 ,729 1 ,324,181 ,729 478,256,955 478,256,955 1 ,802,438,684 1 ,802,438,684 100.00%
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-8
TAX RATES AND TAX LEVIES - 1974-1983
(Unaudited)
Fiscal WFISD CVISD
Period City School (1 ) School (2) County State Total
Tax Rates Per $100 Valuation
1973-74 $1 .82 $1 .92 $1 .35 $.83 $.17 $6.09
1974-75 1 .30 1 .50 1 .67 .87 .12 5.46
1975-76 1 .22 1 .50 1 .67 .87 .12 5.38
1976-77 1 .05 1 .40 1 .67 .87 .12 5.11
1977-78 1 .01 1 .17 1 .67 .87 .10 4.82
1978-79 1 .04 1 .17 1 .67 .87 .10 4.85
1979-80 1 .00 1 .06 .89 .87 3.82
1980-81 .75 .74 1 .07 .87 3 .43
1981-82 .75 .73 1 .07 .31 2.86
1982-83 .89 .69 .69 .22 2.29
Tax Levies
1973-74 $ 5,272,911 $ 5,361 ,905 $171 ,566 $2,226 ,311 $312.574 $13.345.267
1974-75 5,646,229 6 ,474,269 175,000 2,365,309 257,770 14,918,577
1975-76 5,771 ,676 7,077,588 258,433 2,840,691 283 ,566 16,231 ,954
1976-77 5,965,634 7,931 ,323 263,474 3,066,776 289,202 17,516 ,409
1977-78 6 ,216,950 7,397,146 270,537 3,717,862 363,401 17,965,896
1978-79 7,050,216 8,193,611 327,917 4,169,834 452,303 20,193,881
1979-80 7,582,393 7,862,586 279,632 4,622,135 20,346 ,746
1980-81 9,315,184 9,234,676 402,354 4,551 ,667 23 ,503 ,881
1981-82 10,896,934 10,427,882 402,523 4,551 ,700 26 ,279,039
1982-83 12,490,900 12,233,330 488,457 6,858,581 32,071 ,268
(1 ) WFISD - Wichita Falls Independent School District - 98.49% in Wichita Falls
city Limits
(2) CVISD - City View Independent School District - 75.25% in Wichita Falls city
Limits
58
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-9
RATIO OF NET GENERAL BONDED DEBT TO ASSESSED VALUE
AND NET BONDED DEBT PER CAPITA — LAST TEN FISCAL YEARS
[Unaudited)
Ratio Net
Less Debt Bonded Debt Net Bonded
Fiscal Assessed Gross Bonded Service Net Bonded To Assessed Debt
Year Population Value Debt** Funds Debt Value Per Capita
1973-74 101 ,600 $ 289,713,935 $18,721 ,000 $345,B85 $18,375,115 6.34% $180.88
1974-75 103,000 434,314,331 17,055,000 350,674 16,704,326 3.85% 162.18
1975-78 103,700 473,074,699 15,584,000 377,686 15,186,314 3.21% 146.44
vi 1976-77 106,800 569,688,795 14,085,000 293,985 13,771 ,015 2.42% 128.94
QD
1977-78 109,000 616,740,756 12,585,000 240,857 12,324,043 2.00% 113.06
1978-79 111 ,000 677,898,480 11 ,064,000 240,535 10,823,465 1 .60% 97.51
1979-80 93,600 758,230,274 13,558,000 277,095 13,280,905 1 .75% 141 .89
1980-81 94,201 1 ,241 ,998,642 13,564,000 467,080 13,096,920 1 .05% 139.03
1981-82 96,500 1 ,452,897,321 19,153,000 633,207 18,519,793 1 .27% 191 .91
1982-83 97,125 1 ,802,438,884 17,395,000 705,727 18,889,273 .93% 171 .83
**Includes Water and Sewer Tex Obligation Bonds of $1 ,055,000 es of September 30, 1983 .
II
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-10
SCHEDULE OF REVENUE BOND COVERAGE
AIRPORT REVENUE BONDS — LAST TEN FISCAL YEARS
(Unaudited)
Average Average
Net Income Annual Annual Maximum Maximum
Fiscal Available For Principal & Times Principal & Times
Year Debt Service Interest Covered Interest Covered
1973-74 $60,075 $33,156 1 .81 $38,700 1 .55
1974-75 48,256 32,694 1 .48 37,725 1 .28
1975-76 64,783 32,236 2.01 36 ,750 1 .76
1976-77 45,319 31 ,785 1 .43 35,775 1 .27
1977-78 58,227 31 ,342 1 .86 34,800 1 .67
1978-79 76 ,568 30,909 2.48 38,825 1 .97
1979-80 110,896 29,779 3.72 37,600 2.95
1980-81 70,078 28,475 2.46 36 ,375 1 .93
1981-82 60,808 26,895 2.26 35,150 1 .73
1982-83 25 ,878 24,831 1 .04 33,925 .76
60
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-11
SCHEDULE OF REVENUE BOND COVERAGE
WATER AND SEWER REVENUE BONDS — LAST TEN FISCAL YEARS
(Unaudited)
Average Average
Net Income Annual Annual Maximum Maximum
Fiscal Available for Principal & Times Principal & Times
Year Debt Service Interest Covered Interest Covered
1973-74 $2,340,381 $726,429 3 .22 $1 ,052,715 2.22
1974-75 1 ,817,112 708,302 2.57 1 ,025,265 1 .77
1975-76 1 ,931 ,619 689,657 2.80 997,815 1 .94
1976-77 1 ,840,667 670,397 2.75 994,834 1 .85
1977-78 1 ,937,076 526 ,278 3 .68 1 ,089,951 1 .78
1978-79 1 ,784,656 553,977 3.19 1 ,059,691 1 .67
1979-80 2,904,365 536,677 5.41 1 ,129,840 2.57
1980-81 2,843,629 507,350 5.60 1 ,129,840 2.52
1981-82 2,773,414 682,840 4.06 1 ,440,487 1 .93
1982-83 3,242,485 640,749 5.06 1 ,394,164 2.32
61
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-12
GENERAL GOVERNMENTAL EXPENDITURE BY FUNCTIONS - LAST TEN FISCAL YEARS
(Unaudited)
Fiscal Admin. Serv. Parks & Finance 6 Public Traffic E
Year Division Police Fire Recreation Accounting Planning Works Health Trans. Total
1974 $ 1,916,667 $ 1,642,325 $ 1,310,901 $ 642,542 $ 113,713 $ 62,601 $ 1,901,503 $ 402,880 $ 537,359 $ 8,530,491
1975 2,152,820 1,853,802 1,447,630 783,371 153,390 67,255 2,385,804 461,803 587,175 9,893,050
1976 2,751,497 2,124,176 1,652,333 987,580 203,368 208,761 2,379,820 539,814 730,642 11,577,991
1977 2,958,039 2,479,633 1,830,491 1,037,853 193,229 305,648 3,314,140 607,610 823,142 13,549,785
1978 2,927,729 2,478,223 2,039,474 1,128,337 210,716 265,188 3,791,951 719,003 991,280 14,551,901
1979 2,838,482 3,276,845 2,242,693 1,240,619 220,556 299,195 4,133,082 871,250 1,025,082 16,147,804
1980 3,391,765 3,567,359 2,559,343 1,555,801 254,141 458,406 5,194,544 937,651 1,124,071 19,043,081
1981 4,640,642 4,233,007 2,950,147 2,286,817 257,656 1,092,712 9,236,190 1,119,781 1,516,665 27,333,617
ON
1982 4,546,379 5,015,271 3,341,335 2,911,708 577,133 1,125,120 8,524,692 1,482,774 1,562,567 29,086,979
1983 5,120,347 5,685,793 3,883,766 2,584,235 563,936 770,007 7,815,997 1,320,500 1,502,279 29,246,860
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-13
GENERAL REVENUE BY SOURCES — LAST TEN FISCAL YEARS
(Unaudited)
Intergov—
Fiscal Charges For Licenses & ernmental Misc.
Year Taxes Services Permits Fines Revenue Revenue Total
1974 $ 5,938,854 $1 ,361 ,034 $113,178 $326 ,451 $2,150,222 $ 354,493 $10,244,232
1975 6,739,730 1 ,622,069 106,439 375,918 1 ,629,484 303,105 10,776,745
1976 7,576,726 1 ,751 ,791 139,738 359,446 991 ,192 369,872 11 ,188,765
1977 8,480,874 1 ,845,617 144,463 400,513 1 ,846,291 402,515 13,120,273
1978 9,558,076 2,278,095 188,134 449,313 2,034,646 477,193 14,985,457
w
1979 11 ,249,780 2,234,529 422,983 450,638 1 ,284,771 779,308 16,422,009
1980 13,292,089 2,561 ,174 303,713 535,045 1 ,037,185 912,501 18,641 ,707
1981 15,617 ,860 3,414,456 235,263 539,842 2,568,732 1 ,215,997 23,592,150
1982 16,477,646 4,272,199 234,446 689,301 1 ,543 ,277 1 ,621 ,773 24,838,642
1983 18,023,712 4,354,410 284,438 808,502 683,388 1 ,292,813 25,447,263
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-14
PROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS —
LAST TEN FISCAL YEARS
(Unaudited)
Fiscal Property Bank
Year Value Construction Deposits
1974 $ 579,427,870 S14,079,161 $401 ,205,478
1975 620,449,044 18,536,036 441 ,803,442
1976 675,820,998 31 ,393,726 497,964,572
1977 813,841 ,134 42,468,548 516 ,606,623
1978 881 ,058,223 45,604,127 551 ,425,836
1979 968,426,400 131 ,560,312 724,403,250
1980 1 ,083,186,106 45,236,067 811 ,428,863
1981 1 ,241 ,998,642 82,811 ,494 888,732,895
1982 1 ,452,897,321 56,424,318 961 ,142,020
1983 1 ,802,438,684 73,235,522 972,585,375
64
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-15
PRINCIPAL TAXPAYERS
September 30, 1983
[Unaudited)
Percentage
January 1 , 1982 of Total
Assessed Assessed
Taxpayer Type of Business Valuation Valuation
Southwestern Bell Telephone Utility $ 47,115,193 2.62%
First Wichita Nat' l Bank Banking 32,078,787 1 .78%
Texas Electric Electric Utility 27,354,236 1 .52%
Interfirst Bank Banking 20,354,910 1 .13%
Sikes Senter Corp. Shopping Center 19,841 ,974 1 .10%
Continental Emsco Manufacturer 15,970,842 .89%
Wichita Clutch/Dana Corp. Manufacturer 10,640,290 .59%
Parker Square Savings
and Loan Savings 8,623,818 .48%
Dowell Division — Dow
Chemical Manufacturing 8,501 ,141 .48%
Lone Star Gas Gas Utility 8,174.625 .46%
$198,655,816 11 .05%
65
CITY OF WICHITA FALLS, TEXAS EXHIEIT J-16
COMBINED SCHEDULE OF BONDS PAYABLE PAGE 1 OF 4
September 30, 1983
(Unaudited)
Final Annual
Interest Rates Issue Maturity Serial Bonds
And (Dates) Date Date Payments Authorized Issued Retired Outstanding
General Obligation Bonds:
1955 Wichita County Water 4-1/2, 4-3/4; (1/1, 7/1) 1/ 1/55 1/ 1/85 $ 2,000 (1958-59) $ 275,000 $ 275,000 $ 239,000 $ 36,000
Control and Improvement 3,000 (1960-61)
District No. 4 4,000 (1962-63)
5,000 (1964-65)
6,000 (1966)
7,000 (1967-68)
8,000 (1969-70)
10,000 (1971-72)
12,000 (1973-76)
14,000 (1977)
15,000 (1978-80)
16,000 (1981-83)
18,000 (1984-85)
ON 1956 Wichita County Water 4, 4-1/2; (11/1, 5/1) 11/ 1/56 11/ 1/86 5,000 (1959-62) 560,000 560,000 410,000 150,000
a' Control and Improvement 10,000 (1963-67)
District No. 5 15,000 (1968-71)
20,000 (1972 Jan.
thru 1975 Dec.)
25,000 (1976 Jan.
thru 1978 Dec.)
30,000 (1979-81)
35,000 (1982-84)
40,000 (1985-86)
1959 Wichita County Water 4-3/4, 5-1/2; (9/1, 3/1) 9/ 1/59 9/ 1/89 5,000 (1963-66) 385,000 385,000 245,000 140,000
Control and Improvement 7,000 (1967)
District No. 6 8,000 (1968-69)
10,000 (1970-71)
12,000 (1972-74)
14,000 (1975-76)
15,000 (1977-78)
16,000 (1979-80)
18,000 (1981-82)
20,000 (1983-85)
22,000 (1986)
25,000 (1987-88)
28,000 (1989)
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-16
COMEINED SCHEDULE OF BONDS PAYABLE PAGE 2 OF 4
September 30, 1983
(Unaudited)
Final Annual
Interest Rates Issue Maturity Serial Bonds
And (Dates) Date Date Payments Authorized Issued Retired Outstanding
General Obligation Bonds - (Continued):
1959 Wichita County Water
Control and Improvement
District No. 4 4-3/4, 5-1/2; (9/1, 3/1) 9/ 1/59 9/ 1/89 $ 5,000 (1962-70) 5 300,000 $ 300,000 $ 171,000 $ 129,000
8,000 (1971-74)
10,000 (1975-81)
12,000 (1982-85)
25,000 (1986-88)
30,000 (1989)
1963 General Obligation 1/10, 3.30, 3/14, 4, 5; 8/ 1/63 8/ 1/88 100,000 (1964-79) 2,680,000 2,680,000 2,080,000 600,000
Bonds (2/1, 8/1) 120,000 (1980-88)
1964 General Obligation 5, 4-7/8, 3, 3.10, 3.20, 8/ 1/64 8/ 1/84 160,000 (1965-67) 3,285,000 3,285,000 3,120,000 165,000
Bonds 1/10; (2/1, 8/1) 165,000 (1968-84)
v 1965 General Obligation 5, 4-3/4, 3, 3.10, 1/20 2/15/65 8/15/85 300,000 (1966-85) 6,000,000 6,000,000 5,400,000 600,000
Bonds (issued for Water of 1%; (2/15, $/15)
and Sewer improvements)
1968 General Obligation 5, 4-7/8, 4-1/2, 1/2 of 1/10/68 7/10/87 150,000 (1970-75) 3,000,000 3,000,000 2,300,000 700,000
Bonds 1%; (1/10, 7/10) 175,000 (1976-87)
1968-A General Obligation 5, 4.5, 4.1, 4.2, 4.25, 12/ 1/68 6/ 1/89 85,000 (1972) 4,435,000 4,435,000 2,935,000 1,500,000
4.3, 4.35, 4.4, 4.5, 150,000 (1972)
4.55, 4.6, 3.5; (6/1, 225,000 (1973-74)
12/1) 250,000 (1975-89)
1970 General Obligation 7.0, 6.0, 5.25, 5.5, 2/15/70 2/15/90 100,000 (1972-86) 2,000,000 2,000,000 1,200,000 800,000
Bonds 5.75, 5.85„ 6.0, 6.1, 125,000 (1987-90)
5.0; (2/15, 8/15)
1971 General Obligation 4.0, 4.25, 4.5, 4.7, 2/15/71 2/15/91 125,000 (1976-91) 2,000,000 2,000,000 1,000,000 1,000,000
Bonds 4.8, 4.9; (2/15, 8/15)
1930 General Obligation 8.0, 7.25, 6.0, 6.25 6/15/80 6/15/01 175,000 (1982-89) 3,800,000 3,800,000 350,000 3,450,000
Bonds 6.4, 6.5, 6.7, 6.8, 200,000 (1990-2001)
7.0, 6.0; (6/15, 12/15)
1531 General Obligation 13.0, 11.25, 11.0, 11.2 10/ 1/81 12/ 1/96 40,000 (1982) 4,990,000 4,990,000 40,000 4,950,000
Bonds 11.3, 11.6, 11.8, 11.0; 300,000 (1983-91)
(6/1, 12/1) 450,000 (1992-96)
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-16
COMBINED SCHEDULE OF BONDS PAYABLE PAGE 3 OF 4
September 30, 1983
(Unaudited)
Final Annual
Interest Rates Issue Maturity Serial Bonds
And (Dates) Date Date Payments Authorized Issued Retired Outstanding
General Obligation Bonds - (Continued):
1982 General Obligation 12.0, 11.2, 10.5, 10.7, 8/ 1/82 8/ 1/97 $225,000 (1983-96) $ 3,400,000 $ 3,400,000 $ 225,000 $ 3,175,000
Bonds 11.0, 10.0; (2/1, 8/1) 250,000 (1997)
Total General Obligation 37,110,000 37,110,000 19,715,000 17,395,000
Bonds
Revenue Bonds:
Water and Sewer Revenue
Bonds:
1963 Water and Sewer 1/10, 3, 3.2, 3.3, 5; 8/ 1/63 8/ 1/88 220,000 (1964-71) 5,585,000 5,585,000 4,460,000 1,125,000
Revenue (2/1, 8/1) 225,000 (1972-88)
1966 Water and Sewer 5, 3-1/2, 3.6, 3-3/4, 2/ 1/66 2/ 1/91 75,000 (1967-80) 3,800,000 3,800,000 2,640,000 1,160,000
Revenue 1/20; (8/1, 2/1) 150,000 (1967-80)
as 155,000 (1981-90)
Co
75,000 (1991)
1966-A Water and Sewer 5, 4-7/8, 4; (2/1, 8/1) 11/ 1/66 8/ 1/91 75,000 (1968-91) 1,800,000 1,800,000 1,200,00C 600,000
Revenue
1968 Water and Sewer 5, 4-5/8, 4-1/4, 4-1/2, 2/ 1/68 2/ 1/88 100,000 (1970-77) 2,175,000 2,175,000 1,550,000 625,000
Revenue 4.60; (8/1, 2/1) 125,000 (1978-88)
1973 Water and Sewer 5.5, 4.75, 4.5, 4.6 7/ 1/73 8/ 1/93 100,000 (1974-93) 2,000,000 2,000,000 1,000,000 1,000,000
Revenue 4.7, 4.75, 4.9, 5, 5.1;
(2/1, 8/1)
1978 Water and Sewer 5.10, 5.15, 5.20, 5.25, 8/ 1/78 8/ 1/98 60,000 (1979-98) 1,200,000 1,200,000 300,000 900,000
Revenue Bonds 5.30, 5.35, 5.40, 5.50,
5.60, 5.70, 5.80, 5.90;
(2/1, 8/1)
1980 Water and Sewer 5.0, 6.7, 6.8, 6.9, 7.0 6/ 1/80 2/ 1/01 50,000 (1982-01) 1,000,000 1,000,000 100,000 900,000
Revenue Bonds 7.15, 7.3, 7.45, 7.6,
6.25, 6.0; (2/1, 8/1)
1981 Water and Sewer 13.0, 11.6, 11.75, 12.0 10/ 1/82 2/ 1/96 50,000 (1983-88) 1,070,000 1,070,000 50,000 1,020,000
Revenue Bonds 11.0; (2/1, 8/1) 70,000 (1989)
100,000 (1990-96)
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-16
COMBINED SCHEDULE OF BONDS PAYABLE PAGE 4 OF 4
September 30, 1983
(Unaudited)
Final Annual
Interest Rates Issue Maturity Serial Bonds
And (Dates) Date Date Payments Authorized Issued Retired Outstanding
Revenue Bonds - (Continued):
Water and Sewer Revenue Bonds -
(Continued):
1982 Water and Sewer 11.0, 10.5, 10.75, 11.0 8/ 1/82 8/ 1/97 $ 60,000 (1983-93) $ 950,000 $ 950,000 $ 60,000 $ 890,000
Revenue Bonds 11.35, 11.7, 12.0, 12.25, 70,000 (1994-95)
23.'5; (2/1, 8/1) 75,000 (1996-97)
Total Water and Sewer
Revenue Bonds 19,580,000 19,580,000 11,360,000 8,220,000
Airport Revenue Bonds:
1964 Airport Revenue 3-1/4, 3-1/2, 3-3/4, 4; 4/15/64 4/15/84 10,000 (1965-66) 375,000 375,000 350,000 25,000
(4/25, 10/15) 15,000 (1967-72)
20,000 (1973-79)
25,000 (1980-84)
1967 Airport Revenue 4-1/2; (10/15, 4/15) 4/15/67 4/15/87 5,000 (1971-84) 130,000 130,000 65,000 65,000
Os 20,000 (1985-87)
lD
Total Airport Revenue Bonds 505,000 505,000 415,000 90,000
Total Revenue Bonds 20,085,000 20,085,000 11,775,000 8,310,000
Total All Bonds $57,195,000 $57,195,000 $31,490,000 $ 25,705,000
a
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-17
SCHEDULE OF BONDED DEBT AND INTEREST MATURITIES
September 30, 1983
(Unaudited)
General Obligation Bonds Water and Sewer Revenue Bonds Airport Revenue Bonds
Serial Bond Interest Total Bonds Serial Bond Interest Total Bonds Serial Bond Interest Total Bonds
Period Maturities On Bonds And Interest Maturities On Bonds And Interest Maturities On Bonds And Interest Total
1984 $ 2,020,000 $1,365,442 $ 3,385,442 $ 900,000 $ 494,164 $ 1,394,164 $30,000 $3,925 $33,925 $ 4,813,531
1985 1,855,000 1,242,288 3,097,288 900,000 447,556 1,347,556 20,000 2,700 22,700 4,467,544
1986 1,557,000 1,124,012 2,681,012 900,000 400,658 1,300,658 20,000 1,800 21,800 4,003,470
1987 1,585,006 1,003,981 2,588,981 900,000 353,761 1,253,761 20,000 900 20,900 3,863,642
1988 1,370,000 894,428 2,264,428 900,000 308,553 1,208,553 3,472,981
1989 1,258,000 789,778 2,047,778 570,000 270,608 840,608 2,888,386
1990 975,000 692,462 1,667,462 600,000 233,713 833,713 2,501,175
1991 850,000 613,013 1,463,013 520,000 199,786 719,786 2,182,799
1992 725,000 541,025 1,266,025 370,000 166,762 536,762 1,802,787
1993 875,000 462,500 1,337,500 370,000 136,802 506,802 1,844,302
1994 875,000 373,500 1,248,500 280,000 106,352 386,352 1,634,852
1995 875,000 285,550 1,160,550 280,000 79,887 359,887 1,520,437
1996 875,000 198,750 1,073,750 285,000 53,590 338,590 1,412,340
1997 900,000 113,350 1,013,350 185,000 31,871 216,871 1,230,221
�I 1998 200,000 50,000 250,000 110,000 15,327 125,327 375,327
O 1999 200,000 36,000 236,000 50,000 8,025 58,025 294,025
2000 200,000 24,000 224,000 50,000 4,563 54,563 278,563
2001 200,000 12,000 212,000 50,000 1,500 51,500 263,500
$17,395,000 $9,822,079 $27,217,079 $8,220,000 $3,313,478 $11,533,478 $90,000 $9,325 $99,325 $38,849,882
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-18
SPECIAL ASSESSMENT COLLECTIONS — LAST TEN FISCAL YEARS
(UNAUDITED)
Ratio Of
Fiscal Assessments Asessments Collections To
Year Due Collected Amount Due
1974 $474,647 $242,647 51 .12%
1975 487,647 272,755 55.99%
1976 511 ,082 275,934 53.99%
1977 520,522 187,822 36 .08%
1978 521 ,762 172,142 32.99%
1979 585,315 146 ,011 24.95%
1980 578,872 109,360 18.90%
1981 718,281 87,983 12.25%
1982 625,599 323,627 51 .73%
1983 657,912 107,106 16 .28%
71
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-19
COMPUTATION OF OVERLAPPING DEBT
September 30, 1983
[Unaudited)
Percentage Ap— Amount Appli—
Net Debt plicable to City cable to City
Jurisdiction Outstandinc of Wichita Falls of Wichita Falls
City of Wichita Falls $16,689,273 100.00% $16,689,273
Wichita Falls Indepen—
dent School District 6 ,617,000 98.49% 6,517,083
Wichita County 5,069,000 77.23% 3,914,788
City View Independent
School District 139,000 75.25% 104,598
Rurkburnett Independent
School District 527,270 1 .16% 6,116
$29,041 ,543 93.77% $27,231 ,858
72
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-20
RATIO OF ANNUAL DEBT SERVICE FOR GENERAL
BONDED DEBT TO TOTAL GENERAL EXPENDITURES —
LAST TEN FISCAL YEARS
[Unaudited]
Ratio Of
Total Debt Service
Fiscal Total Debt General To General
Year Principal Interest Service Expenditures Expenditures
1974 $1 ,632,000 $ 792,230 $2,424,230 $10,620,713 22.83%
1975 1 ,666 ,000 728,898 2,394,898 11 ,462,534 20.89%
1976 1 ,491 ,000 665,817 2,156,817 11 ,577,991 18.63%
1977 1 ,499,000 604,048 2,103,048 13,549,785 15.52%
1978 1 ,500,000 547,895 2,047,895 14,551 ,901 14.07%
1979 1 ,501 ,000 487,880 1 ,988,880 16,147 ,804 12.32%
1980 1 ,306 ,000 423,175 1 ,729,175 19,043,081 9.08%
1981 1 ,309,000 633,791 1 ,942,791 27,333,617 7.11%
1982 2,801 ,000 596 ,285 3,397,285 29,086,979 11 .68%
1983 1 ,758,000 1 ,480,829 3,238,829 29,246,860 11 .07%
73
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-21
DEMOGRAPHIC STATISTICS - LAST TEN FISCAL YEARS
(Unaudited)
Per School Unemploy-
Fiscal Median Capita Median Education Enrollment ment Rate
Year Population(1 ) Income(1 ) Income(5) Age(3) Level (2) (2) (4)
1974 101 ,600 $ 9,400 $5,568 25 12.3 16,547 3.5%
1975 103,000 10,125 5,937 27 12.4 16 ,133 4.5%
1976 103 ,700 10,850 6,657 28 12.4 15,915 4.2%
1977 106,800 12,225 7,798 29 12.4 15,435 3 .7%
1978 109,000 13,600 8,255 29 12.5 15,086 3.5%
1979 111 ,000 14,900 9,047 30 12.6 14,561 3.2%
1980 94,201 16 ,200 9,800 30 12.6 14,386 4.0%
1981 94,201 17,496 9,289 30 13.1 14,378 4.1%
1982 96 ,500 17,582 7,108 28 13.1 14,256 6.4%
1983 97,125 18,794* 7,598* 30 13.2 14,184 7.1%
Sources:
(1 ) City of Wichita Falls Planning Department
(2) Wichita Falls I .S.D. - Educational level is grade equivalent of
graduating senior.
(3) City Staff Calculations
(4) Texas Employment Commission
(5) 1980 U. S. Census . Decrease due to change in source of information
and method of tabulation.
*Based on Bureau of Labor Statistions wage data for Region VI , August, 1983 .
74
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-22
SCHEDULE OF INSURANCE COVERAGE Page 1 of 5
September 30, 1983
(Unaudited)
Insurance
Code
A Policy: Building and Contents
Company: National Surety Insurance Company
Policy No.: F378 10 49
Policy Period: October 1 , 1981 to October 1 , 1984
Perils: Fire, extended coverages, vandalism and
malicious mischief
Coverage: $22,023,232
Deductible: $100,000 annual aggregate
Coinsurance: Agreed value
Premium: Annually $26,985.00
B Policy: Boiler and Machinery
Company: Commercial Insurance Company
Policy No.: BM 1798299
Policy Period: October 1 , 1980 to October 1 , 1983
Perils: Accidental blanket
Coverage: $1 ,000,000 per accident
Deductible: All electric motors 400 hp and over — $2,500
Miscellaneous electrical apparatus located at:
Filtration Plant No. 2 — $2,500
Main Filtration Plant — $2,500
Lake Arrowhead Pumping Station — $2,500
City Auditorium:
All refrigeration systems, compressors
and drivng motors — $2,500
All other insured objects — $250
Coinsurance: 80% on enclosed gear sets with a value of $1 ,000
or more. No other coinsurance.
Premium: Annually $23,368.00
C Policy: General Liability and Fleet Liability
Company: Victoria Lloyds Insurance Company
Policy No. : GLA0581 and SG1216
Policy Period: October 1 , 1982 through October 1 , 1983
Perils: Bodily injury and property damage
Coverage: $10,000,000
Deductible: $100,000 per occurrence, $500,000 annual
aggregate for both General and Fleet
Coinsurance: N/A
Premium: $85,000.00
75
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-22
SCHEDULE OF INSURANCE COVERAGE Page 2 of 5
September 30, 1983
(Unaudited )
Insurance
Code
0 Policy: Contractor's Equipment [Tool Floater)
Company: Marine Office of America Corporation
Policy No. : IMH627141
Policy Period: October 1 , 1982 to October 1 , 1983
Perils: All risk
Coverage: $3,000 per person, $31 ,000 per occurance
Deductible : $100 each claim
Premium: $ 775.00
E Policy: Electronic Data Processing Equipment and Traffic
Department Computer
Company: St . Paul Property and Liability
Policy No. : 191TA5842
Policy Period: October 1 , 1982 to October 1 , 1983
Perils: All risk of direct fiscal loss or damage
Coverage : $1 ,617,740
Deductible: $25,000 each occurance, $100,000 annual aggregate
Coinsurance: None
Premium: $12,926.00
F Policy: Excess Worker's Compensation end Employee' s
Liability
Company: Aetna Casualty & Surety Company
Policy No. : 18XC15WCA
Policy Period: October 1 , 1982 to October 1 , 1983
Perils: Losses under Worker's Compensation Law
Coverage: $2,000,000
Retention: $200,000
Coinsurance: N/A
Premium: $10,716 .00
G Policy: Public Official Liability
Company: Unimark—McDonald, Inc.
Policy No. : UPF0237
Policy Period: October 1 , 1982 to October 1 , 1983
Perils : Public officials errors and ommissions . Excludes Law
Enforcement and Airport. Police Chief Endorsement .
Coverage : $5,000,000
Deductible: $5,000
Coinsurance: N/A
Premium: $10,787 .00
76
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-22
SCHEDULE OF INSURANCE COVERAGE Page 3 of 5
September 30, 1983
(Unaudited)
Insurance
Code
H Policy: Police Professional Liability Insurance
Company: Dairyland Insurance Company
Policy No . : DOL06068
Policy Period: October 6 , 1982 through October 6, 1983
Perils: a. False arrest , false imprisonment or unlawful
detention.
b. Bodily injury, including assault and/or
battery.
c . Malicious prosecution.
d. Defamation , libel, slander or violation of
right of privacy or occupancy.
e. First aid.
Coverage: $ 250,000 per person
$ 500,000 per occurrence
$1 ,000,000 annual aggregate
Deductible: $500
Coinsurance: N/A
Insured: Alt certified police officers , including Fire and
Arson Investigators , City Marshal , Deputy City
Marshal , City Manager, Mayor and City Council.
Premium: $27,180.00
Policy: Valuable Papers and Records (Library)
Company: United States Fire Insurance Company
Policy No . : 320126814-9
Policy Period: October 1 , 1981 to October 1 , 1984
Perils: All risks of direct fiscal loss of the property
covered excluding the property while out on loan
and excluding vandalism and malicious mischief.
Coverage: 51 ,040,000
Deductible: None
Coinsurance: N/A
Premium: $ 1 ,976.00
J Policy: Musical Instruments (Steinway Grand Piano with
Matching Bench)
Company: St. Paul Property and Liability Insuance Co.
Policy No. : 391 Z04175
Policy Period: October 1 , 1982 through October 1 , 1983
Perils: All risks
Coverage: $7,500
Deductible: None
Coinsurance: N/A
Premium: $ 49.00
77
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-22
SCHEDULE OF INSURANCE COVERAGE Page 4 of 5
September 30, 1983
Insurance
Code
K Policy: Money and Securities
Company: Fidelity and Deposit Company of Maryland
Policy Period: January 15, 1983 to January 15, 1984
Perils: Loss inside and outside of premises
Coverage : Loss inside the premises: $10,000
Loss outside the premises : $3,000
Deductible: $1 ,000
Coinsurance: N/A
Premium: $ 288.00
L Policy: Public Employee Blanket Bond
Company: Fidelity and Deposit Company of Maryland
Policy No . : 936 70 53
Policy Period: July 7, 1980 to cancellation
Perils : Honesty blanket bond position
Coverage: $10,000
Deductible: None
Coinsurance: N/A
Premium: $2,262 Annually $ 754.00
M Policy: Public Official Bond
Company: Fidelity and Deposit Company of Maryland
Bond No. : 962 04 33
Bond Period: December 17, 1982 to December 17, 1983
Insured: City Manager
Coverage: $25,000
Premium: Annually $ 88.00
Bond No. : 837 94 17
Bond Period: January 15, 1982 to January 15, 1985
Insured: Director of Public Works
Coverage : $2,500
Premium: Annually $ 30.00
Bond No. : 807 00 40
Bond Period: January 1 , 1982 to January 1 , 1985
Insured: Director of Public Utilities
Coverage: $2,500
Premium: Annually $ 30.00
78
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-22
SCHEDULE OF INSURANCE COVERAGE Page 5 of 5
September 30, 1983
(Unaudited)
Insurance
Code
M Bond No . : FD-9619935
Bond Period: September 20, 1983 to September 20, 1984
Insured: Purchasing Agent
Coverage : $2,500
Premium: Annually $ 30.00
Bond No. : 567 99 44
Bond Period: January 15, 1983 to January 15, 1984
Insured: City Clerk
Coverage: $25,000
Premium: Annually $ 88.00
Bond No. : 92 62 497
Bond Period: March 31 , 1982 to March 31 , 1985
Insured: Tax Assessor/Collector
Coverage : $50,000
Premium: Annually $ 225.00
Bond No . : F09619936
Bond Period: August 4, 1983 to August 4, 1984
Insured: Municipal Court Administrator
Coverage : $2,500
Premium: Annually $ 30.00
N Policy: Public Official Bond
Company: Aetna Casualty and Surety Company
Bond No . : 18S64852
Bond Period: April 6, 1983 to April 6, 1984
Insured: Chief Accounting Officer
Coverage: $25,000
Premium: Annually $ 88.00
79
CITY OF WICHITA FALLS, TEXAS EXHIBIT J-23
SCHEDULE OF EMPLOYEE BENEFIT INSURANCE Page 1 of 2
September 30, 1983
(Unaudited)
Insurance
Code
O Policy: Health Insurance
Company: Fred S. James Benefits
Policy No. : City of Wichita Falls Employee Benefit Trust
Policy Period: October 1 , 1983 through September 30, 1984
Perils: Illness end accidental injury (non—work related)
Coverage: $1 ,000,000 lifetime maximum
Deductible: $150 annually per person (max 3 family members )
Stop loss when 20% reaches $1 ,000 yearly, then
James Benefits pays 100% of eligible expenses .
Coinsurance: James Benefits 80% — employee 20% after deductible
Premium: Annual Estimate $247 ,950,00
P Policy: Dental Insurance
Company: Fred S. James Benefits
Policy No. : City of Wichita Falls Employee Benefit Trust
Policy Period: October 1 , 1983 through September 30, 1984
Perils : Basic Dental Coverage with Orthodontics for
Children under 19
Coverage: $1 ,000 annual max — basic coverage
$1 ,000 lifetime max — orthodontics
Deductible: Basic coverage — $50 annually per person (max
3 family members ) ; no deductible for orthodontics
Coinsurance: 80-20 basic, 50-50 orthodontics, 50-50 periodontics
Premium: Annual Estimate $ 22,230.00
Q Policy: Life Insurance
Company: Aetna Life and Casualty
Policy No. : GT-47782 (Group #)
Policy Period: October 1 , 1983 through September 30, 1984
Perils : Death and dismemberment benefits
Coverage: Varies from $1 ,000; $3,000; $5,000; $7,500;
$10 ,000; $12,000; $15,000. Double indemnity
for accidental death. Dismemberment benefits.
Deductible: N/A
Coinsurance: N/A
Premium: Annual Estimate $ 75 ,000.00
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CITY OF WICHITA FALLS, TEXAS EXHIBIT J-23
SCHEDULE OF EMPLOYEE BENEFIT INSURANCE Page 2 of 2
September 30, 1983
(Unaudited
Insurence
Code
R Policy No. : Life Insurence (Directors Only)
Company: Pilot Life Insurance Company
Policy No. : 0548 (Group $)
Policy Period: January 1 , 1983 to December 31 , 1984
Perils: Accidental death and dismemberment
Coverage: $25,000
Deductible: N/A
Coinsurance: N/A
Premium: Annual Estimate $ 247.50
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