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1971 Annual Financial Report e=e2 ele (titnf it a Nati .0 &•,x as ANNUAL FINANCIAL REPORT 1CH NN / >ft. '_' 2 r �-- r •- DP sjee FOR YEAR ENDING SEPTEMBER 30, 1971 Ronald R. Wood Director of Finance CITY OF WICHITA FALLS, TEXAS MAYOR AND BOARD OF ALDERMEN R. Kenneth Hill, Mayor Richard Darner, Mayor Pro Tem J. C. Boyd Bill Drake Harrison Taylor Larry Lambert Harry Campsey CITY MANAGER Gerald Fox DIRECTOR OF FINANCE Ronald R. Wood* INDEPENDENT AUDITORS Jarratt, Cocke, & Tillery *Member of Municipal Finance Officers Association of the United States and Canada /Ama2nyJ(pi al minaax� w :we 8ummo33v uo aas. tao9 'umall013 ` t.i. �uaeu ` c" Yl kly ILLS t i {�' w d s' :.a!1I;,. 11441U,lib: : Ihui)nno33e pljuauntaariogp no 33untt1uo plUoUUL?J JH1 UNV uoimp000lis gaaai;l lri 33ULUi ' 1t U1nUn1 3H,L All Q3.LVOlf1B102Id SY ONLI IOd3ll iVIDNIVKI3 DI'Igfld 3O SQIIVUNVIS UNV S31dIDNIDId HILL O.L SW1103NOD A IVIINVISII 1S 0L W. 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CITY OF WICHITA FALLS, TEXAS Financial Report For The Year Ended September 30, 1971 Table Of Contents Exhibit Page No. No. Letter of Transmittal i Accountants' Opinion vi COMBINED FINANCIAL SECTION A-1 Balance Sheet - All Funds 1 A-2 Statement Of Unappropriated Fund Balances And Retained Earnings - By Fund 3 A-3 Combined Statement of Revenues - Estimated and Actual - General Fund, Airport Fund, Debt Service Fund, Water and Sewer Revenue Fund and Transit System Fund 4 A-4 Combined Statement of General Government Expenditures and Encumbrances Compared with Authorization - General Fund, Airport Fund, Debt Service Fund, Water and Sewer Revenue Fund and Transit System Fund 5 A-5 Combined Statement of Cash Receipts and Disbursements - All Funds 6 A-6 Combined Schedule of Delinquents Taxes Receivable By Fund 7 A-7 Combined Schedule of Bonds Payable 8 Notes to Financial Statements 13 GENERAL FUND Supplemental Accountants' Opinion 17 B-1 Balance Sheet 18 B-2 Statement of Fund Balance 19 B-3 Revenues - Estimated and Actual 20 B-4 Statement of Appropriations and Expenditures 21 B-5 Statement of Expenditures 22 B-6 Changes in Taxes Receivable 23 B-7 Aged Schedule of Taxes Receivable 24 B-8 Statement of Cash Receipts and Disbursements 25 PARTICIPATION PAVING FUND C-1 Balance Sheet 26 C-2 Statement of Revenues and Expenditures and Fund Balance 27 C-3 Statement of Cash Receipts and Disbursements 28 CITY OF WICHITA FALLS, TEXAS, Financial Report For the Year Ended September 30, 1971, Table of Contents (Continued) Exhibit Page No. No. AIRPORT FUND D-1 Balance Sheet 29 D-2 Statement of Operations and Retained Earnings 30 D-3 Statement of Plant, Equipment and Depreciation 31 D-4 Statement of Cash Receipts and Disbursements 32 WATER AND SEWER FUND E-1 Balance Sheet 33 E-2 Statement of Retained Earnings 34 E-3 Statement of Operations 35 E-4 Statement of Property, Equipment and Depreciation 36 E-5 Statement of Cash Receipts and Disbursements 37 DEBT SERVICE FUND F-1 Balance Sheet 38 F-2 Statement of Reserve for Future Debt Payments 39 F-3 Changes in Taxes Receivable 40 F-4 Aged Schedule of Taxes Receivable 41 F-5 Statement of Cash Receipts and Disbursements 42 CAPITAL PROJECTS FUNDS G-1 Combined Balance Sheet 43 G-2 Combined Statement of Authorizations, Expenditures and Encumbrances 44 G-3 Schedule of Bonds Authorized - Unissued 45 G-4 Combined Statement of Cash Receipts and Disbursements 46 TRUST AND AGENCY FUNDS H-1 Combined Balance Sheet 47 H-2 Combined Statement of Revenues and Expenditures and Fund Balances 49 H-3 Combined Statement of Cash Receipts and Disbursements 51 GENERAL FIXED ASSETS I-1 Balance Sheet 53 I-2 Statement of Additions and Deletions - By Department 54 I-3 Statement of General Fixed Assets by Category 55 CITY OF WICHITA FALLS, TEXAS, Financial Report For The Year Ended September 30, 1971, Table of Contents (Continued) Exhibit Page No. No. GENERAL LONG - TERM DEBT J-1 Balance Sheet 56 J-2 Schedule of Amount Available in Debt Service Fund for Retirement of Bonds and Interest 57 TRANSIT SYSTEM FUND K-1 Balance Sheet 58 K-2 Statement of Operations and Retained Earnings 59 K-3 Statement of Plant, Equipment and Depreciation 60 K-4 Statement of Cash Receipts and Disbursements 61 STATISTICAL SECTION L-1 Tax Revenues by Source - Last Ten Fiscal Years 62 L-2 Property Tax Levies and Collections - Last Ten Fiscal Years 63 L-3 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years 64 L-4 Tax Rates and Tax Levies (1961-1971) 65 L-5 Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Fiscal Years 66 L-6 Statement of Direct and Overlapping Debt 67 L-7 Schedule of Revenue Bond Coverage - Water and Sewer Revenue Bonds - Last Ten Years 68 L-8 Schedule of Revenue Bond Coverage - Airport Revenue Bonds - Last Eight Years 69 L-9 Schedule of Bonded Debt and Interest Maturities 70 LETTER OF TRANSMITTAL AND ACCOUNTANTS' OPINION • if of Schila a//s Gerald G. Fox City Manager City of Wichita Falls Wichita Falls, Texas Dear Mr. Fox: The Annual Financial Report of the City of Wichita Falls, Texas for the fiscal year ended September 30, 1971 is submitted herewith. Accounting System and Reports The city's accounting records for general governmental operations are maintained on a full accrual basis. Budgetary control is maintained on an annual allotment basis, with the encumbrance of account balances for purchase orders, prior to their release to vendors. Monthly financial reports and budget expenditure reports are prepared by the Finance Department to aid in the formulation of operating policies and to control budget expenditures. The Municipal Finance Officers Association of the United States and Canada awarded the City of Wichita Falls its Certificate of Conformance for the city's 1969-70 Annual Financial Report. This certificate is awarded only to those governmental units whose financial reports substantially conform with the high standards of financial reporting promulgated by the National Committee on Governmental Accounting. The 1970-71 Annual Financial Report submitted herewith continues to meet these standards. General Governmental Operations Revenues for general governmental operations totaled $7,365,709 in the 1970-71 fiscal year, an increase of 5.4 per cent over the 1969-70 fiscal year. General property taxes produced 36.4 per cent of general revenues compared to 39.5 per cent last year. The amount of revenue from various sources and the increase over last year are shown in the following tabulation: i Increase Per Cent (Decrease) Of Over Prior Revenue Source Amount Total Year Property Taxes and Penalities $2,678, 196 36.4% $(85,977) Franchise and Other Taxes 2,146,052 29.1% 283,464 Licenses and Permits 101,138 1.4% 24,755 Fines and Forfeits 383,485 5.2% 53,940 Rents and Concessions 60,730 .8% 11,353 Service Charges and Fees 1,224,414 16.6% 32,518 Miscellaneous 101,694 1.4% (35,640) Enterprise Fund Contributions 670,000 9.1% 90,000 Total $7,365,709 100.0% $374,413 Assessed valuations of $263,348,350 represented an increase of 6.5 per cent over the preceding year. Current tax collections were 96.24 per cent of the tax levy, up 0.07 per cent over last year. The ratio of total collections (current and delinquent) to the current tax levy was 99.32 per cent, an increase of 0.13 per cent over last year. Allocation of the property tax levy by purpose for the year ended September 30, 1971 and the preceding two fiscal years are as follows: Purpose 1970-71 1969-70 1968-69 General Government Purpose $2,623,921 $2,719,295 $2,317,174 Debt Service Fund 2,251,524 2,027,084 1,982,081 Total $4,875,445 $4,746,379 $4,299,255 Expenditures for general governmental purpose totaled $7,032,573, an increase of 4.5 per cent 'ver the 1969-70 fiscal year. Increase in levels of expenditure for major functions of the city over the preceding year are shown in the following tabulation: Increase (Decrease) Per Cent Over Prior Function Amount Of Total Period General & Administrative $1,228,396 17.5% $119,128 Finance 318,696 4.5% 15,493 Public Safety 2,442,019 34.7% 143,415 Public Works 1,799,033 25.6% (26,686) Parks & Recreation 500,025 7 .1% 24,072 Planning & Traffic 541,725 7.7% 9,144 General Services 202,679 2.9% 19,720 Total $7,032,573 100.0% $304,286 ii Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are useful indicators of the city's debt position to municipal management, citizens, and investors. These data for the City of Wichita Falls at the end of the 1970-71 fiscal year were as follows: Ratio of Debt Ratio of Debt Debt To Assessed To Present Per Value Market Value Capita Net Direct Bonded Debt $15,682,000 5.95% 2.97% $161.34 Overlapping Debt 19,040,623 7.23% 3.61% 195.89 Total $34,722,623 13.18% 6.58% $357.23 Outstanding general obligation bonds at September 30, 1971 totaled $23,545,000 of which $7,863,000 were issued for water and sewer purposes and are considered to be self-supporting. The remainder is considered to be direct tax supported debt. During the past year $1,398,000 of tax bonds were retired. On March 2, 1971, $2,000,000 of general obligation bonds were sold at an effective interest rate of $4.49960 per cent. The city's bonds continue to have the same ratings which they have carried for the past several years with the exception of the rating by Standard & Poor's for general obligation bonds, which has been increased from "Aa" to "AA". These ratings are as follows: Mood's Standard Investors And Service Poor's General Obligation Bonds A AA Water and Sewer Revenue Bonds A A Cash which was temporarily idle during the year, including both debt retirement funds and bond proceeds, was invested in certificates of deposit with the city depository in terms ranging from 30 days to 360 days. The maximum rate, as allowed by regulations, or the market rate of 91 day U. S. Treasury Bills as quoted one week preceding date of deposit, was received in accordance with our contract. The total amount of interest earned on these certificates of deposit amounted to $235,136. iii Capital Projects Funds The proceeds of general obligation bond issues are accounted for in Capital Projects funds until improvement projects are completed. At the end of the fiscal year, completed projects are transferred to General Fixed Assets. During the 1970-71 fiscal period, expenditures from the Capital Projects Fund amounted to $2,130,447. All authorized bonds had been issued at September 30, 1971. Capital Project Fund balances on hand at September 30, 1971, consisted of $159,496 in cash, $1,725,000 in certificates of deposit, and $698,048 in receivables. 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, 1971, the general fixed assets of the city amounted to $39,764,951. The assets acquired since the fiscal year ended September 30, 1963, were recorded at original cost, however the assets that were purchased prior to that year were not accounted for in the General Fixed Assets Fund. The value of those assets acquired prior to October 1, 1963, are at stated values developed by a physical inventory and appraisal. Depreciation of general fixed assets is not recognized in the city's accounting system. Water and Sewer Systems The Water and Sewer Revenue Fund experienced an increase in its operations for the fiscal year. Comparative data for three fiscal years are presented in the following tabulation: 1970-71 1969-70 1968-69 Gross Income $3,276,049 $3,153,610 $3,069,010 Net Income 422,003 646,129 657,537 Income Available for Debt Service 1,783,248 1,900,584 1,879,723 Average Annaul Debt Service 683,785 696,361 787,636 Coverage (Income available for debt service divided by average annual debt service) 2.61 2.73 2.39 iv During the year, $550,000 of regularly maturing revenue bonds were retired in the Water and Sewer Fund. Additions to the Water and Sewer System in the amount of $329,133 were financed through bond proceeds and operating revenues. Airport Revenue Fund The operation of the Airport for the fiscal year ended September 30, 1971 resulted in a net income of $19,565. During the year $20,000 of regularly maturing revenue bonds were retired. Additions to the airport facilities of $2, 193 were financed by operating revenues. 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 a Certified Public Accountant, selected by the City Council. This requirement has been complied with and the auditor's opinion has been included in this report. The statistical section of this report was not included within the scope of the audit. Acknowledgments The preparation of this report could not be accomplished without the efficient and dedicated services of the entire staff of the Finance Department. I would like to thank your office and the members of the City Council for their interest and support in planning and conducting the financial operations of the city in a responsible and progressive manner. Sincerely yours, i � Ronald R. Wood Director of Finance v JARRATT, COCKE & TILLERY ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103 1130 FIRST WICHITA NATIONAL BANK BUILDING WICHITA FALLS,TEXAS 76301 December 30, 1971 The Honorable Mayor and Board of Aldermen of the City of Wichita Falls, Texas We have examined the balance sheet of the General Fund, Partici- pation Paving Fund, Airport Fund, Water and Sewer Revenue Fund, Debt Service Fund, Capital Projects Funds, Trust and Agency Funds, General Fixed Assets, General Long-Term Debt and Transit System Fund of the City of Wichita Falls, Texas as of September 30, 1971, and the related statements, as applicable, of unappropriated fund balances, revenues, appropriations and expenditures, and supplemental schedules as of September 30, 1971 and for the year then ended (Exhibits A-1 thru A-7) . Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances, except as stated in the following paragraph. Our examination and similar examinations for prior years did not include examinations of General Fixed Assets account balances nor of the Water and Sewer Revenue Fund fixed asset account balances as these accounts are gen- erally stated at values developed by employees of the City as determined by periodic physical inventories and appraisals. Accordingly, our exam- ination of General Fixed Assets and Water and Sewer Revenue Fund fixed assets was limited to a test of transactions of current year additions and retirements. Depreciation expense, where applicable, is computed on these same fixed asset balances (see also Note 3) . In our opinion, the accompanying financial statements and supplemental schedules (Exhibits A-1 thru A-7) of funds referred to in the first paragraph, except for the General Fixed Assets balance sheet and the Water and Sewer Revenue Fund fixed asset account balances as to which we do not express an opinion due to the reasons set forth in the preceding paragraph, and except for any adjustment which might be required in depreciation expense of the Water and Sewer Revenue Fund if fixed assets were stated at cost, present fairly the financial position of the various funds at September 30, 1971 and the results of their operations for the year then ended, in con- formity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Jarratt, Cock & Tillery By: 4/-/,''''.. '-r71.Ac,o/-----.......------ Niry(it. 'Tillery 0 ertified Public Accountant vi COMBINED FINANCIAL SECTION CITY OF WICHITA FALLS, TEXAS Exhibit A-1 Page 1 of 2 Balance Sheet - All Funds (Note 1) September 30, 1971 Participation Airport Assets And General Paving Fund Other Debits Fund Fund (Note 8) Cash $ 214,868 $ 96,287 $ 53,714 Certificates Of Deposit Accounts Receivable: Taxes receivable - delinquent 655,629 Utility customers, etc. 14,522 Due from other funds 248, 174 13,334 5,209 Paving receivalbes 524,511 Due from other governmental units 322,783 Other 45,828 Allowances for uncollectible accounts ( 216,671) Net accounts receivable 1,055,743 537,845 19,731 Inventories - At average cost 41,504 Prepaid And Deferred Expenses 14,676 Restricted Assets: Cash 971 20,369 Certificates of deposit 7,174 41,500 Total restricted assets 8,145 61,869 Plant And Equipment (Note 3) : Land and betterments Buildings and plant 494,972 Machinery, automotive, etc. 37,170 Construction in progress Total plant and equipment 532,142 Less allowances for depreciation 76,616 Net plant and equipment 455,526 Securities Held In Trust Bonds Authorized And Unissued Amounts Available For Retirement Of Serial Bonds Amounts To Be Provided For Retirement Of Serial Bonds Totals $1,334,936 $634,132 $590,840 The accompanying Notes to Financial Statements are an integral part of this statement. -1- CITY OF WICHITA FALLS, TEXAS Exhibit A-1 Page 1 of 2 Balance Sheet - All Funds (Note 1) September 30, 1971 Water And Debt Capital Trust And General General Transit Sewer Revenue Service Projects Agency Funds Fixed Long - System Fund Fund Funds (Notes 2 and ,5) Assets Term Debt Fund $ 119,980 $156,552 $ 159,496 $242,495 $ $ $58,389 1,725,000 372,219 220,766 100,045 25,585 100,487 1 597,561 179,573 3,810 11,367 ( 10,000) (97,000) 314,621 300,804 698,048 190,941 134,162 6,900 29,922 5,416 21,101 2,335,000 2,356,101 12,078,978 29,510,827 26,507,659 4,157,489 1,023,414 4,622,022 32,850 223,166 1,474,613 39,833,217 39,764,951 32,850 8,691,720 4,228 31,141,497 39,764,951 28,622 10,000 -0- 182,137 31,110,782 $34,096,283 $457,356 $2,582,544 $443,436 $39,764,951 $31,292 ,919 $99,327 The accompanying Notes to Financial Statements are an integral part of this statement. -1- CITY OF WICHITA FALLS. TEXAS Exhibit A-1 Page 2 of 2 Balance Sheet - All Funds (Note 1) September 30, 1971 Participation Airport Liabilities, Reserves, Fund General Paving Fund Balances And Retained Earnings Fund Fund (Note 8) Liabilities: Accounts payable $ 136,488 $ $ 49 Due to other funds 126,251 85,632 Due to governmental units 3,876 Accrued payroll 130,558 Accrued interest - revenue bonds 7,471 Interest payable - general obligation bonds, including $970,769 due in next fiscal year General obligation bonds payable - serial, including $1,570,000 due in next fiscal year Revenue bonds payable - serial, including $570,000 due in next fiscal year 405,000 Consumer deposits Refunding contracts (Note 4) Other - advance payments, etc. 18,384 Contracts and committments (Note 9) Total liabilities 397,173 104,016 412,520 Reserves, Fund Balances And Retained Earnings: Reserve for encumbrances 76,663 Reserve for capital improvements 73,194 Reserve for rebates, etc. 5,340 2,470 Investment in general fixed assets Fund balances 782,566 527,646 Retained earnings 178,320 Totals $1,334,936 $634,132 $590,840 The accompanying Notes to Financial Statements are an integral part of this statement. -2- CITY OF WICHITA FALLS, TEXAS Exhibit A-1 Page 2 of 2 Balance Sheet - All Funds (Note 1) September 30, 1971 Water And Debt Capital Trust And General General Transit Sewer Revenue Service Projects Agecny Funds Fixed Long - System Fund Fund Funds (Notes 2 and 5) Assets Term Debt Fund $ 34,611 $ $ 81,833 $147,627 $ $ $ 2,515 111,818 24,591 81,533 63,010 139,412 17,370 63,792 7,747,919 23,545,000 10,275,000 268,692 183,703 10,954,986 106,424 368,572 31,292,919 65,525 960,907 39,764,951 457,356 1,515,213 74,864 23, 141,297 33,802 $34,096,283 $457,356 $2,582,544 $443,436 $39,764,951 $31,292,919 $99,327 The accompanying Notes to Financial Statements are an integral part of this statement. -2- CITY OF WICHITA FALLS, TEXAS Exhibit A-2 Statement Of Unappropriated Fund Balances And Retained Earnings By Fund (Note 1) For The Year Ended September 30, 1971 Participation General Paving Airport Fund Fund Fund Balances, September 30, 1970 $ 440,798 $549,425 $158,755 Additions: Net income for the year (Notes 3 and 6) 19,565 Revenues (Note 7) 7,365,709 354,437 Contributions in aid of construction (Note 4) Federal and state grants Contributions from General Fund Reserve for encumbrances - September 30, 1970 85,295 7,891,802 903,862 178,320 Deductions: Expenditures (Note 6) 7,032,573 376,216 Transfer to General Fund (Note 7) Reserve for encumbrances - September 30, 1971 76,663 7,109,236 376,216 -0- Balances, September 30, 1971 $ 782,566 $527,646 $178,320 The accompanying Notes to Financial Statements are an integral part of this statement. -3- CITY OF WICHITA FALLS, TEXAS Exhibit A-2 Statement Of Unappropriated Fund Balances And Retained Earnings By Fund (Note 1) For The Year Ended September 30, 1971 Water And Debt Capital Trust And General General Transit Sewer Revenue Service Projects Agency Fixed Long - System Fund Fund Funds Funds Assets Term Debt Fund $23,219,730 $ 498,561 $2,991,856 $ 32,683 $ -0- $ -0- $ -0- 422,003 1,802 2,322,004 31,567 169,564 277,063 983,048 4,104 32,000 1,306,081 23,811,297 2,820,565 4,606,567 1,019,835 -0- -0- $33,802 2,363,209 2,130,447 944,971 670,000 960,907 670,000 2,363,209 3,091,354 944,971 -0- -0- $ -0- $23,141,297 $ 457,356 $1,515,213 $ 74,864 $ -0- $ -0- $33,802 The accompanying Notes to Financial Statements are an integral part of this statement. -3- CITY OF WICHITA FALLS, TEXAS Exhibit A-3 Combined Statement Of Revenues - Estimated And Actual (Note 1) General Fund, Airport Fund, Debt Service Fund, Water And Sewer Revenue Fund And Transit System Fund For The Year Ended September 30, 1971 Actual Estimated Actual Over (Under) Source (Fund) Revenues Revenues Estimated Taxes: (General Fund) $ 4,584,867 $ 4,824,248 $ 239,381 (Debt Service) 2,214,181 2,240,542 26,361 Total taxes 6,799,048 7,064,790 265,742 Licenses And Permits: (General Fund) 81,420 101,138 19,718 Charges For Services: (General Fund) 1,221,270 1,224,414 3,144 (Airport Fund) 112,500 116,116 3,616 (Water And Sewer Revenue Fund) 3,010,000 3,188,446 178,446 (Transit System Fund) -0- 69,295 69,295 Total charges for services 4,343,770 4,598,271 254,501 Fines And Forfeits: (General Fund) 233,000 263,100 30,100 Miscellaneous Revenues: (General Fund) 307,955 282,809 ( 25,146) (Airport Fund) 1,000 1,984 984 (Debt Service Fund) -0- 81,462 81,462 (Water And Sewer Revenue Fund) 210,300 30,298 (180,002) (Transit System Fund) -0- -0- -0- Total miscellaneous revenues 519,255 396,553 (122,702) Inter-Fund Transfers: (General Fund) (Note 7) 670,000 670,000 -0- (Transit System Fund) -0- 32,000 32,000 Total inter-fund transfers 670,000 702,000 32,000 Total revenues $12,646,493 $13,125,852 $ 479,359 Summary By Fund: (General Fund) $ 7,098,512 $ 7,365,709 $ 267,197 (Airport Fund) 113,500 118,100 4,600 (Debt Service Fund) 2,214,181 2,322,004 107,823 (Water And Sewer Revenue Fund) 3,220,300 3,218,744 ( 1,556) (Transit System Fund) -0- 101,295 101,295 Total revenues $12,646,493 $13,125,852 $ 479,359 The accompanying Notes to Financial Statements are an integral part of this statement. -4- CITY OF WICHITA FALLS, TEXAS Exhibit A-4 Combined Statement Of General Government Expenditures And Encumbrances Compared With Authorizations (Note 1) General Fund, Airport Fund, Debt Service Fund, Water And Sewer Revenue Fund And Transit System Fund For The Year Ended September 30, 1971 Authorization Appropriations Reserve For (After Encumbrances Fund (Division) Revisions) September 30, 1970 Total General Fund: (General Administration) $ 1,234,741 $19,673 $ 1,254,414 (Finance) 318,933 249 319,182 (Public Safety) 2,420,356 523 2,420,879 (Public Works) 1,844,239 41,845 1,886,084 (Parks and Recreation) 524,535 1,803 526,338 (Planning and Traffic) 584,008 21,086 605,094 (General Services) 206,966 116 207,082 Total General Fund 7,133,778 85,295 7,219,073 Airport Fund: (Airport) (A) 74,915 74,915 (Airport Fund Debt Service) (B) 37,050 37,050 Total Airport Fund 111,965 111,965 Debt Service Fund 2,363,209 2,363,209 Water And Sewer Revenue Fund: (Public Utilities Administration) (A) 381,329 381,329 (Water Development And Distribution) (A) 863,471 863,471 (Sanitary Sewers and Treatment) (A) 279,947 279,947 (Water and Sewer Revenue Bond Debt Service) (B) 947,881 947,881 Total Water and Sewer Revenue Fund 2,472,628 2,472,628 Transit System Fund 76,960 76,960 Total All Funds $12,158,540 $85,295 $12,243,835 (A) Includes amounts for expenditures and authorizations for fixed asset additions, Airport Fund expenditures of $2,193 and Water and Sewer Revenue Fund expenditures of $47,946. Does not include any amounts for depreciation, see Note 3 of the Notes to Financial Statements. Water and Sewer Revenue Fund includes refunding contract payments of $48,867. (B) Debt service includes amounts for bond principal payments (maturities), Airport Fund $20,000 and Water and Sewer Revenue Fund $545,000. The accompanying Notes to Financial Statements are an integral part of this statement. -5- CITY OF WICHITA FALLS, TEXAS Exhibit A-4 Combined Statement Of General Government Expenditures And Encumbrances Compared With Authorizations (Note 1) General Fund, Airport Fund, Debt Service Fund, Water And Sewer Revenue Fund And Transit System Fund For The Year Ended September 30, 1971 Total Reserve For Expenditures Unexpended Encumbrances (Over) For The Year Balance September 30, 1971 Under $ 1,228,396 $ 26,018 $ 8,006 $ 18,012 318,696 486 321 165 2,442,019 (21, 140) 215 (21,355) 1,799,033 87,051 48,132 38,919 500,025 26,313 387 25,926 541,725 63, 369 19,376 43,993 202,679 4,403 226 4, 177 7,032,573 186,500 76,663 109,837 69,791 5,124 5,124 36,659 391 391 106,450 5,515 5,515 2,363,209 -0- -0- 359,325 22,004 22,004 961,121 (97,650) (97,650) 269,168 10,779 10,779 943,339 4,542 4,542 2,532,953 (60,325) (60,325) 63,265 13,695 13,695 $12,098,450 $145,385 $76,663 $ 68,722 The accompanying Notes to Financial Statements are an integral part of this statement. -5- CITY OF WICHITA FALLS, TEXAS Exhibit A-5 Combined Statement Of Cash Receipts And Disbursements All Funds (Note 1) For The Year Ended September 30, 1971 Balances Fund September 30, 1970 General Fund $ 277,575 Participation Paving Fund 19,042 Airport Fund: Operating 38,697 Revenue Bond Interest And Sinking Fund 20,752 Revenue Bond Reserve Fund 38,423 Water And Sewer Revenue Fund: Operating 66,334 Revenue Bond Interest And Sinking Fund 221,302 Revenue Bond Reserve Fund 771,268 Series 1963 Revenue Bond Funds 374,702 Series 1968 Revenue Bond Funds 1,134,416 Debt Service Fund 122,585 Capital Projects Funds: Waterworks Improvements 1959 94,840 Street And Storm Drainage 1963 230 Health Unit Building 1968 83,379 Street And Storm Drainage 1968 1,513,989 Trust And Agency Funds: Social Security 85,543 Payroll -0- Container Train Study 20,227 Tax Refund 8,358 Tax Collection 57,511 Urban Mass Transportation Study 7,239 Municipal Information System -0- Police Systems Management 5,115 Emergency Employment Grant -0- Clearing Fund -0- Drug Administration -0- Camps Fund -0- Narcotics Intelligence -0- Transit System Fund -0- $4,961,527 The accompanying Notes to Financial Statements are an integral part of this statement. -6- CITY OF WICHITA FALLS, TEXAS Exhibit A-5 Combined Statement Of Cash Receipts And Disbursements All Funds (Note 1) For The Year Ended September 30, 1971 Balances Receipts Disbursements September 30, 1971 $ 8,168,286 $ 8,222,848 $ 223,013 491,650 414,405 96,287 127,975 112,958 53,714 39,175 37,100 22,827 619 -0- 39,042 4,500,253 4,446,607 119,980 963,416 947,881 236,837 73,832 -0- 845,100 18,885 37,615 355,972 63,031 279,255 918,192 2,400,023 2,366,056 156,552 753 20,451 75,142 17,725 17,725 230 103,150 186,209 320 3,340,056 3,045,241 1,808,804 416,232 398,717 103,058 6,049,010 6,049,010 -0- 26,960 39,861 7,326 23,001 21,246 10,113 9,704,931 9,687,823 74,619 29,568 35,729 1,078 977,796 967,588 10,208 14,000 19,115 -0- 4,867 1,338 3,529 5,000 1,266 3,734 6,715 2,926 3,789 10,001 4,590 5,411 29,204 9,574 19,630 101,295 42,906 58,389 $37,707,409 $37,416,040 $5,252,896 The accompanying Notes to Financial Statements are an integral part of this statement. -6 CITY OF WICHITA FALLS, TEXAS Exhibit A-6 Combined Schedule Of Delinquent Taxes Receivable By Fund (Note 1) September 30, 1971 Debt General Service Fiscal Year Total Fund Fund 1954 And Prior $ 23,583 $ 18,897 $ 4,686 1955 - 1956 6, 124 4,750 1,374 1956 - 1957 7,051 5,472 1,579 1957 - 1958 8,722 6,856 1,866 1958 - 1959 10,923 8,789 2,134 1959 - 1960 15,561 12,309 3,252 1960 - 1961 21,644 17,145 4,499 1961 - 1962 23,984 18,110 5,874 1962 - 1963 31,154 23,524 7,630 1963 - 1964 78,378 59,183 19,195 1964 - 1965 70,065 49,046 21,019 1965 - 1966 87,901 57,927 29,974 1966 - 1967 122,247 77,016 45,231 1967 - 1968 122,085 77,646 44,439 1968 - 1969 96,492 52,009 44,483 1969 - 1970 123,717 70,880 52,837 1970 - 1971 178,217 96,070 82,147 Total Delinquent Taxes Receivable 1,027,848 655,629 372,219 Less Allowances For Uncollectible Accounts ( 280,671) ( 183,671) (97,000) Net Delinquent Taxes Receivable $ 747,177 $ 471,958 $275,219 The accompanying Notes to Financial Statements are an integral part of this statement. -7- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 1 of 5 Combined Schedule Of Bond Payable (Note 1) September 30, 1971 Interest Final Rates And Issue Maturity Dates Date Date General Obligation Bonds: 1949 Waterworks Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74 1949 Street Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74 The accompanying Notes to Financial Statements are an integral part of this statement. -8- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 1 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Annual Serial Bonds Payments Authorized Issued Retired Outstanding $ 21,000 (1950) $1,250,000 $1,250,000 $777,000 $473,000 14,000 (1951) 32,000 (1952) 34,000 (1953) 36,000 (1954) 34,000 (1955) 32,000 (1956) 34,000 (1957) 36,000 (1958) 38,000 (1959) 27,000 (1960) 35,000 (1961) 36,000 (1962) 38,000 (1963) 35,000 (1964) 32,000 (1965) 38,000 (1966) 41,000 (1967) 36,000 (1968) 38,000 (1969) 110,000 (1970) 113,000 (1971) 115,000 (1972) 121,000 (1973) 124,000 (1974) 11,000 (1950) 800,000 800,000 473,000 327,000 8,000 (1951) 17,000 (1952) 19,000 (1953) 21,000 (1954) 19,000 (1955) 17,000 (1956) 19,000 (1957) 20,000 (1958) 22,000 (1959) 16,000 (1960) 18,000 (1961) 20,000 (1962) 22,000 (1963) 18,000 (1964) 17,000 (1965) The accompanying Notes to Financial Statements are an integral part of this statement. -8- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 2 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Interest Final Rates And Issue Maturity Dates Date Date General Obligation Bonds: (cont.) 1949 Street Improvement (cont. ) 1949 Park Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74 1949 Fire Station Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74 The accompanying Notes to Financial Statements are an integral part of this statement. -9- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 2 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Annual Serial Bonds Payments Authorized Issued Retired Outstanding $ 22,000 (1966) $ $ $ $ 23,000 (1967) 30,000 (1968) 37,000 (1969) 77,000 (1970) 79,000 (1971) 80,000 (1972) 83,000 (1973) 85,000 (1974) 2,000 (1950) 200,000 200,000 120,000 80,000 2,000 (1951) 4,000 (1952) 5,000 (1953) 6,000 (1954) 5,000 (1955) 4,000 (1956) 5,000 (1957) 6,000 (1958) 6,000 (1959) 5,000 (1960) 5,000 (1961) 6,000 (1962) 6,000 (1963) 5,000 (1964) 4,000 (1965) 6,000 (1966) 8,000 (1967) 6,000 (1968) 6,000 (1969) 18,000 (1970) 18,000 (1971) 20,000 (1972) 21,000 (1973) 21,000 (1974) 1,000 (1950-51) 100,000 100,000 60,000 40,000 2,000 (1952-57) 3,000 (1958) 4,000 (1959) 2,000 (1960-61) 3,000 (1962) 4,000 (1963) The accompanying Notes to Financial Statements are in integral part of this statement. -9. CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 3 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Interest Final Rates And Issue Maturity Dates Date Date General Obligation Bonds: (cont.) 1949 Fire Station Improvement (cont.) 1955 Wichita County Water Control and Improvement District #4 4 1/2, 4 3/4; (1/1, 7/1) 1/1/55 1/1/85 1955 Waterworks Improvement 2 1/2, 2 1/4; (8/15, 2/15) 2/15/55 2/15/75 1956 Wichita County Water Control and Improvement District #5 4, 4 1/2; (11/1, 5/1) 11/1/56 11/1/86 1957 Sewer Improvement and Extension Bonds 4, 3 3/4; (9/1, 3/1) 9/1/57 9/1/72 1959 Waterworks Improvement 4 1/2, 3 1/2, 3 3/4; (2/1, 8/1) 8/1/59 8/1/79 1959 Wichita County Water Control and Improvement District #6 4 3/4, 5 1/2; (9/1, 3/1) ' 9/1/59 9/1/89 The accompanying Notes to Financial Statements are an integral part of this statement. -10- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 3 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Annual Serial Bonds Payments Authorized Issued Retired Outstanding $ 2,000 (1964-65) $ $ $ $ 4,000 (1966) 3,000 (1967-68) 4,000 (1969) 10,000 (1970-74) 2,000 (1958-59) 275,000 275,000 74,000 201,000 3,000 (1960-61) 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 85,000 (1956-75) 1,700,000 1,700,000 1,360,000 340,000 5,000 (1959-62) 560,000 560,000 115,000 445,000 10,000 (1963-67) 15,000 (1968-71) 20,000 (1972-75) 25,000 (1976-78) 30,000 (1979-81) 35,000 (1982-84) 40,000 (1985-86) 30,000 (1958-62) 500,000 500,000 465,000 35,000 35,000 (1963-72) 200,000 (1960-79) 4,000,000 4,000,000 2,400,000 1,600,000 5,000 (1963-66) 385,000 385,000 63,000 322,000 7,000 (1967) 8,000 (1968-69) 10,000 (1970-71) The accompanying Notes to Financial Statement are an integral part of this statement. -10 CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 4 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Interest Final Rates And Issue Maturity Dates Date Date General Obligation Bonds: (cont.) 1959 Wichita County Water Control and Improvement District #6 (cont.) 1959 Wichita County Water Control and Improvement District #4 4 3/4, 5 1/2; (9/1, 3/1) 9/1/59 9/1/89 1963 Park Improvement Bonds 3 1/4, 4, 5; (2/1, 8/1) 8/1/63 8/1/79 1963 General Obligation Bonds 1/10, 3.30, 3 1/4, 4, 5; 8/1/63 8/1/88 (2/1, 8/1) 1964 General Obligations Bonds 5, 4 7/8, 3, 3.10, 3.20, 1/10; (2/1, 8/1) 8/1/64 8/1/84 1965 General Obligation Bonds 5, 4 3/4, 3, 3.10, 1/20 2/15/65 2/15/85 of 1%; (2/15, 8/15) 1968 General Obligation Bonds 5, 4 7/8, 4 1/2, 1/2 1/10/68 7/10/87 of 1'/; (1/10, 7/10) 1968-A General Obligation Bonds 5, 4.5, 4.1, 4.2, 4.25, 12/1/68 6/1/89 4.3, 4.35, 4.4, 4.5, 4.55, 4.6, 3.5; (6/1, 12/1) 1970 General Obligation Bonds 7.0, 6.0, 5.25, 5.5, 5.75, 2/15/70 2/15/90 5.85, 6.0, 6.1, 5.0; (2/15, 8/15) 1971 General Obligation Bonds 4.0, 4.25, 4.5, 4.7, 4.8, 2/15/71 2/15/91 4.9 (2/15, 8/15) Total General Obligation Bonds The accompanying Notes to Financial Statements are integral part of this statement. -11- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 4 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Annual Serial Bonds Payments Authorized Issued Retired Outstanding $ 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) 5,000 (1962-70) 300,000 300,000 53,000 247,000 8,000 (1971-74) 10,000 (1975-81) 12,000 (1982-85) 25,000 (1986-88) 30,000 (1989) 20,000 (1964-79) 320,000 320,000 160,000 160,000 100,000 (1964-79) 2,680,000 2,680,000 800,000 1,880,000 120,000 (1980-88) 160,000 (1965-67) 3,285,000 3,285,000 1,140,000 2,145,000 165,000 (1968-84) 300,000 (1966-85) 6,000,000 6,000,000 1,800,000 4,200,000 150,000 (1970-75) 3,000,000 3,000,000 300,000 2,700,000 175,000 (1976-87) 85,000 (1971) 4,435,000 4,435,000 85,000 4,350,000 150,000 (1972) 225,000 (1973-74) 250,000 (1975-89) 100,000 (1972-86) 2,000,000 2,000,000 -0- 2,000,000 125,000 (1987-90) 125,000 (1976-91) 2,000,000 2,000,000 -0- 2,000,000 33,790,000 33,790,000 10,245,000 23,545,000 The accompanying Notes to Financial Statements are integral part of this statement. -11- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 5 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Interest Final Rates And Issue Maturity Dates Date Date Revenue Bonds: Water and Sewer Revenue Bonds: 1963 Water and Sewer Revenue 1/10, 3, 3.2, 3.3, 5; 8/1/63 8/1/88 (2/1, 8/1) 1966 Water and Sewer Revenue 5, 3 1/2, 3.6, 3 3/4, 2/1/66 2/1/91 1/20; (8/1, 2/1) 1966-A Water and sewer Revenue 5, 4 7/8, 4; (2/1, 8/1) 11/1/66 8/1/91 1968 Water and Sewer Revenue 5, 4 5/8, 4 1/4, 4 1/2, 2/1/68 2/1/88 4.60; (8/1, 2/1) Total Water and Sewer Revenue Bonds Airport Revenue Bonds: 1964 Airport Revenue 3 1/4, 3 1/2, 3 3/4, 4; 4/15/64 4/15/84 (4/15, 10/15) 1967 Airport Revenue 4 1/2; (10/15, 4/15) 4/15/67 4/15/87 Total Airport Revenue Bonds Total Revenue Bonds Total All Bonds The accompanying Notes to Financial Statements are an integral part of this statement. -12- CITY OF WICHITA FALLS, TEXAS Exhibit A-7 Page 5 of 5 Combined Schedule Of Bonds Payable (Note 1) September 30, 1971 Annual Serial Bonds Payments Authorized Issued Retired Outstanding $220,000 (1964-71) $ 5,585,000 $ 5,585,000 $ 1,760,000 $ 3,825,000 225,000 (1972-88) 75,000 (1966) 3,800,000 3,800,000 825,000 2,975,000 150,000 (1967-80) 155,000 (1981-90) 75,000 (1991) 75,000 (1968-91) 1,800,000 1,800,000 300,000 1,500,000 100,000 (1970-77) 2, 175,000 2,175,000 200,000 1,975,000 125,000 (1978-88) 13,360,000 13,360,000 3,085,000 10,275,000 10,000 (1965-66) 375,000 375,000 95,000 280,000 15,000 (1967-72) 20,000 (1973-79) 25,000 (1980-84) 5,000 (1971-84) 130,000 130,000 5,000 125,000 20,000 (1985-87) 505,000 505,000 100,000 405,000 13,865,000 13,865,000 3,185,000 10,680,000 $47,655,000 $47,655,000 $13,430,000 $34,225,000 The accompanying Notes to Financial Statements are an integral part of this statement. -12• CITY OF WICHITA FALLS, TEXAS Notes To Financial Statements Page 1 of 4 September 30, 1971 1. Basis of Accounting: The accompanying financial statements have been prepared generally on the accrual basis, except certain General Fund revenues which have been consistently stated on the cash basis, these revenues aggregate approximately $850,000 for the current year. City officials are of the opinion that the accrual basis applied to these revenues would have an insignificant effect. All general obligation bonds, regardless of use of proceeds, are recorded only in the General Long-Term Debt Fund, including interest to maturity. 2. Tax Collections for Others: 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 similiar capacity during its existence and currently serves as collector and as custodian of delinquent tax records for successors to the former district. Taxes levied for the school district uncollected at September 30, 1971 amounted to $1,027,607 and delinquent taxes due the college district at that date amounted to $46,030. These uncollected balances are not reflected in the Trust and Agency Fund balance sheet at September 30, 1971. 3. Fixed Assets and Depreciation: Fixed assets, including water and sewer revenue fund fixed assets, are stated generally at appraisal values assigned by the City in prior years; current year additions are stated at cost. Depreciation of fixed assets is recognized only in the Water and Sewer Revenue Fund, Airport Fund and Transit System Fund. Depreciation is computed on the straight-line basis, based on estimated useful lives of the fixed assets. During the current fiscal year, operations was charged with depreciation expense as follows: Rates Amount Water and Sewer Revenue Fund 2% - 25% $905,601 Airport Fund 2% - 25% 14,278 Transit System Fund 10% - 50% 4,228 $924,107 -13 CITY OF WICHITA FALLS, TEXAS Notes to Financial Statements Page 2 of 4 September 30, 1971 4. Refunding Contracts: Prior to March 30, 1964, when the practice was discontinued, the City entered into agreements with real estate development contractors whereby the City would refund part of the costs of the facilities. Except for this redemption provision, all of the costs of the facilities were borne by the developers, and ownership of the facilities vests in the City upon their acceptance by City authorities. The contracts provide for payments over ten and fifteen year peri- ods. The repayment percentages are 25% and 33-1/3% of revenues. Refunding payments amounted to $48,867 during the current fiscal year and will approximate $22,000 next fiscal year. Time expiring unpaid contract balances are written-off to retained earnings as contributions, and $165,910 of the $169,564 (contri- bution in aid of construction) represents current year expired contract balances. 5. Municipal Information System: On March 3, 1970, the City entered into a contract with the Federal Government for the development of a Municipal Information System. The total amount of the contract is $2,816,269 over a period of three years. To aid in the development of the information system, the City entered into sub-contracts with a private software firm in the amount of $1,018,967 and with a university in the amount of $721,388. Both of the sub-contracts are included in the contract with the Federal Government and are payable over a three year period upon receipt of Federal Government funds. This contract is accounted for in the accompanying financial statements as a trust fund in the Trust and Agency Fund section of the statements and reflects only current balances receivable and cash of $199,882 and payable of $169,233 and $30,649 fund balance. Of the $2,816,269, $1,357,174 had been expended to September 30, 1971. -14- CITY OF WICHITA FALLS, TEXAS Notes to Financial Statements Page 3 of 4 September 30, 1971 6. Employee Retirement: City employees, except for firemen, are covered by the Texas Municipal Retirement Systems; firemen are covered by a self administered Firemens Relief Fund. The City contributed 6% of firemens salary to that fund. City contributions to T. M. R. S. fluctuates based on actuarial calculations; the effective rate of contribution, at September 30, 1971, was 4.9% of the first $8,400 of employees salary. Prior service liability, if any, is funded by the City annually and would be a part of the 4.9% above. City contributions to both funds, charged to operations, during the current fiscal year, were as follows: General Fund $218,409 Water and Sewer Revenue Fund 36,216 Airport Fund 1,395 Transit System Fund 571 $256,591 7. Transfers of Surplus Funds: During the year $670,000 of surplus funds of the Water and Sewer Revenue Fund operations were transferred to the General Fund. At the time of the transfers, all requirements of bond reserve fund and interest and sinking fund had been satisfied. The transfers were made from the surplus accounts of the Water and Sewer Revenue Fund in compliance with existing ordinances governing such transfers and in conformance with excess revenue provisions of the pertinent revenue bond indentures. 8. Airport Lease: The airport facilities, acquired in 1964, are situated on land at Sheppard Field Air Base 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. -15- CITY OF WICHITA FALLS, TEXAS Notes to Financial Statements Page 4 of 4 September 30, 1971 9. Contracts and Commitments: The City is contingently liable as endorser of a $400,000 note payable made by the Wichita Falls General Hospital to a bank for purchase of land. As of September 30, 1971, the remaining balance of the note payable was $360,837 and all required payments had been made. The Transit System Fund has garage rentals aggregating $3,6C0 annually to August 31, 1974. Data processing equipment rentals of approximately $218,000 will be required for the next fiscal year. -16 GENERAL FUND JARRATT, COCKE & TILLERY ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103 1130 FIRST WICHITA NATIONAL BANK BUILDING WICHITA FALLS,TEXAS 76301 December 30, 1971 The Honorable Mayor and Board of Aldermen of the City of Wichita Falls, Texas Our examination of your financial statements for the year ended September 30, 1971, on which we have rendered our opinion dated December 30, 1971 (included elsewhere in this Annual Report), also comprehended the supplemental schedules, contained in the balance of this report (Exhibits B thru K), except for the Gen- eral Fixed Asset Fund, Water and Sewer Revenue Fund fixed asset balances and the Statistical Section, as of September 30, 1971, and for the year then ended. In our opinion, such supplemental schedules (Exhibit B thru K) , except for the General Fixed Asset Fund, Water and Sewer Revenue Fund fixed asset balances and the Statistical Section as to which we do not express an opinion due to the reason set forth in the preceding paragraph, when considered in relation to the basic financial statements, present fairly in all material respects the information shown therein. Jarratt, Cocke & Tillery • By: ry . illery / rti ied Public Accountant -17- CITY OF WICHITA FALLS, TEXAS Exhibit B-1 General Fund Balance Sheet September 30, 1971 Assets Cash (Exhibit B-8) $ 214,868 Accounts Receivable: Tax receivable - delinquent, less $183,671 allowance for uncollectible accounts (Exhibit B-6 and B-7) $471,958 Due from other funds 248,174 Due from other governmental units (Note) 322,783 Other, less $33,000 allowance for uncollectible accounts 12,828 1,055,743 Inventories 41,504 Prepaid Expenses 14,676 Restricted Assets - Cash and certificates of deposit (Exhibit B-8) 8,145 $1,334,936 Liabilities, Reserves And Fund Balances Liabilities: Accounts payable $136,488 Due to other funds 126,251 Due to other governmental units 3,876 Accrued payroll 130,558 $ 397,173 Reserves: For encumbrances (Exhibit B-4) 76,663 For capital improvements 73,194 Rebates, etc. 5,340 155,197 Fund Balance (Exhibit B-2) 782,566 Total $1,334,936 Notes - $297,402 of the amount due from other governmental units is sales taxes receivable due from the State of Texas . -18- CITY OF WICHITA FALLS, TEXAS Exhibit B-2 General Fund Statement Of Fund Balance For The Year Ended September 30, 1971 Balance, September 30, 1970 $ 440,798 Additions: Revenues (Exhibit B-3) 7,365,709 Reserve for encumbrances, September 30, 1970 (Exhibit B-4) 85,295 7,891,802 Deductions: Expenditures (Exhibits B-4 and B-5) 7,032,573 Reserve for encumbrances, September 30, 1971 (Exhibit B-4) 76,663 7,109,236 Balance, September 30, 1971 $ 782,566 -19 CITY OF WICHITA FALLS, TEXAS Exhibit B-3 General Fund Revenues - Estimated And Actual For The Year Ended September 30, 1971 Actual Over (Under) Estimated Actual Estimated Taxes: Ad valorem taxes: Current $2,589,467 $2,623,921 $ 34,454 Interest and penalties 50,000 54,275 4,275 Sales taxes 1,400,000 1,600,000 200,000 Other 19,400 22,928 3,528 Street Rental Charges 526,000 523,124 ( 2,876) Sanitation Services 974,700 979,149 4,449 Fines And Forfeitures: Municipal Court 225,000 255,366 30,366 Library 8,000 7,734 ( 266) Parking Meter Revenue 124,200 120,385 ( 3,815) Licenses, Permits, Reports, Etc. 81,420 101,138 19,718 Service Charges And Fees: Tax collection fees 120,300 120,405 105 Golf and recreation fees 93,200 89,901 ( 3,299) Other 33,070 34,959 1,889 Revenue From Use Of Money And Property: Rentals and concessions 56,905 60,730 3,825 Interest -0- 3,791 3,791 School Nurse Program 60,000 57,833 ( 2, 167) Transfers From Water And Sewer Revenue Fund 670,000 670,000 -0- Other Revenues: Sale of fixed assets 20,000 19,416 ( 584) Miscallaneous 46,850 20,654 (26,196) $7,098,512 $7,365,709 $267,197 -20 CITY OF WICHITA FALLS, TEXAS Exhibit B-4 General Fund Statement Of Appropriations And Expenditures For The Year Ended September 30, 1971 Authorizations Reserve For Encumbrances Appropriations Outstanding (After) At Beginning Department Revisions Of Year Total Mayor And Board Of Aldermen $ 15,605 $ $ 15,605 General Administration 95,378 3 95,381 Legal And City Clerk 84,202 5 84,207 Personnel 36,258 36,258 Data Processing 218,500 320 218,820 Library 112,716 112,716 Health 310,435 160 310,595 Finance 85,833 249 86,082 Tax 151,954 151,954 Municipal Court 81 ,146 81,146 Police 1,249,234 136 1,249,370 Fire 1,055,035 168 1,055,203 Fire Marshal 49,559 49,559 Public Safety 35,751 189 35,940 Animal Control 30,777 30 30,807 Engineering 172,485 19 172,504 Inspection 61,408 61,408 Property Agent 22,051 22,051 Street Maintenance 647,786 21,509 669,295 Sanitation 940,509 20,317 960,826 Parks And Recreation 404,126 1,803 405,929 Golf 76,369 76,369 Cemetery 44,040 44,040 Planning 56,990 56,990 Traffic 271, 119 20,847 291,966 Street Lighting 214,626 239 214,865 Parking Meters 41,273 41,273 Building Maintenance 118,005 118,005 Auditorium Services 39,220 39,220 Purchasing 24,647 24,647 Central Garage -0- -0- Information Center 25,094 116 25,210 Special Items: Stability, etc. payroll 84,500 84,500 Wichita General Hospital 80,000 80,000 Water Improvement District #2 78,030 78,030 Contributions to other funds 38,800 38,800 Local mental health 17,300 17,300 Ambulance Service 14,000 14,000 Other 49,017 19,185 68,202 $7, 133,778 $85,295 $7,219,073 -21- CITY OF WICHITA FALLS, TEXAS Exhibit B-4 General Fund Statement Of Appropriations And Expenditures For The Year Ended September 30, 1971 Encumbrances Total Outstanding Expenditures Unexpended At Close (Over) For The Year Balance Of Year Under $ 13,224 $ 2,381 $ 8 $ 2,373 96,049 ( 668) ( 668) 80,518 3,689 3,689 34,003 2,255 2,225 193,060 25,760 2,603 23,157 106,598 6,118 6,118 342,515 (31,920) (31,920) 85,316 766 321 445 152,517 ( 563) ( 563) 80,863 283 283 1,279,771 (30,401) (30,401) 1,045,148 10,055 215 9,840 49,926 ( 367) ( 367) 35,958 ( 18) ( 18) 31,216 ( 409) ( 409) 161,054 11,450 11,450 60,665 743 743 21,162 889 889 628,412 40,883 40,883 -0- 927,740 33,086 7,249 25,837 382,674 23,255 23,255 74,978 1,391 364 1,027 42,373 1,667 23 1,644 48,670 8,320 39 8,281 238,601 53,365 17,900 35,465 213,675 1,190 1,000 190 40,779 494 437 57 114,026 3,979 216 3,763 39,167 53 10 43 25,030 ( 383) ( 383) -0- -0- -0- 24,456 754 754 77,374 7,126 7,126 80,000 -0- -0- 78,030 -0- -0- 32,000 6,800 6,800 16,974 326 326 15,329 ( 1,329) ( 1,329) 62,722 5,480 5,395 85 $7,032,573 $186,500 $76,663 $109,837 -21 CITY OF WICHITA FALLS, TEXAS Exhibit B-5 General Fund Statement Of Expenditures For The Year Ended September 30, 1971 Employee Insurance Salaries Retirement Supplies And And And Department Wages Payroll Taxes Materials Mayor And Board Of Aldermen $ 1,020 $ $ 591 General Administration 75,619 5,675 4,943 Legal And City Clerk 60,367 5,411 3,073 Personnel 26, 105 2,874 2,645 Data Processing 82,725 9,331 16,747 Library 56,689 6,566 5,211 Health 252,046 26,934 36,303 Finance 47,904 5,308 4,316 Tax 113,008 13,407 8,673 Municipal Court 66,071 6,907 3,924 Police 992,075 71,507 71,310 Fire 888,193 69,792 21,612 Fire Marshal 36,857 4,413 2,318 Public Safety 25,822 2,287 2,491 Animal Control 19,356 2,325 2,823 Engineering 130,847 13,093 6,601 Inspection 49,261 5,197 2,645 Property Agent 16,685 1,148 1,579 Street Maintenance 259,185 30,866 35,539 Sanitation 517,238 63,843 61,243 Parks And Recreation 252,361 27,286 28,418 Golf 37,841 4,427 9,383 Cemetery 30,486 3,720 1,683 Planning 38,897 4,258 2,520 Traffic 135,485 14,162 26,843 Street Lighting Parking Meters 29,811 3,650 2,503 Building Maintenance 54,281 6,531 4,072 Auditorium Services 28,949 3,346 1, 100 Purchasing 19,357 2,294 1,224 Central Garage 177,537 20,451 7,204 Information Center 19,717 1,686 803 Special Items: Stabiltiy, etc. payroll 77,374 Wichita General Hospital Water Improvement District #2 Contributions to other funds Local mental health Ambulance Service Other $4,619,169 $438,695 $380,340 -22- CITY OF WICHITA FALLS, TEXAS Exhibit B-5 General Fund Statement Of Expenditures For The Year Ended September 30, 1971 Utilities, Other Total Rentals, Insurance Charges Expenditures Outside And Capital And For The Maintenance Services, Etc. Miscellaneous Expenditures (Credits) Year $ $ 11,357 $ 256 $ $ $ 13,224 965 8,449 398 96,049 172 10,463 131 901 80,518 283 2,008 64 24 34,003 5,098 144,697 62 ( 65,600) 193,060 1,468 13,812 1,949 20,903 106,598 5,916 19,486 1,689 141 342,515 163 27,447 178 85,316 1,615 15,554 260 152,517 479 3,360 68 54 80,863 43,107 40,294 9,374 52,104 1,279,771 10,386 38,616 3,123 13,426 1,045,148 2,462 872 278 2,726 49,926 928 4,211 219 35,958 2,985 646 312 2,769 31,216 4,208 5,482 823 161,054 1,599 1,627 336 60,665 257 1,430 63 21,162 195,879 5,333 4,485 97,125 628,412 130,531 6,266 6,397 142,222 927,740 33,105 22,712 2,999 15,793 382,674 6,763 7,519 1,270 7,775 74,978 4,006 1,796 284 398 42,373 197 2,663 135 48,670 15,543 37,275 1,584 7,709 238,601 2,173 211,502 213,675 1,667 666 231 2,251 40,779 13,282 27,362 8,220 278 114,026 719 858 217 3,978 39,167 53 2,071 31 25,030 5,294 5,999 1,100 5,844 (223,429) -0- 237 1,928 85 24,456 77,374 80,000 80,000 78,030 78,030 32,000 32,000 16,974 16,974 15,329 15,329 12,399 50,323 62,722 $ 491,540 $ 683,761 $ 46,621 $ 388,820 $ ( 16,373) $ 7,032,573 -2: CITY OF WICHITA FALLS, TEXAS Exhibit B-6 General Fund Changes In Taxes Receivable For The Year Ended September 30, 1971 Delinquent Current Taxes Taxes Total Balance, September 30, 1970 $ 675,722 $ -0- $ 675,722 Additions: Taxes levied 2,623,921 2,623,921 Transfer from current 96,070 96,070 Refunds, adjustments, etc. 4,808 4,808 771,792 2,628,729 3,400,521 Deductions: Collections 92,252 2,532,659 2,624,911 Transfer to delinquent 96,070 96,070 Adjustments, write-offs, etc. 23,911 23,911 116,163 2,628,729 2,744,892 Balance, September 30, 1971 $ 655,629 $ -0- $ 655,629 -23- CITY OF WICHITA FALLS, TEXAS Exhibit B-7 General Fund Aged Schedule Of Taxes Receivable September 30, 1971 Fiscal Year Amount 1954 And Prior $ 18,897 1955 - 1956 4,750 1956 - 1957 5,472 1957 - 1958 6,856 1958 - 1959 8,789 1959 - 1960 12,309 1960 - 1961 17,145 1961 - 1962 18,110 1962 - 1963 23,524 1963 - 1964 59,183 1964 - 1965 49,046 1965 - 1966 57,927 1966 - 1967 77,016 1967 - 1968 77,646 1968 - 1969 52,009 1969 - 1970 70,880 1970 - 1971 96,070 Gross Taxes Receivable 655,629 Allowance For Uncollectible Taxes Receivable (183,671) Net Taxes Receivable $ 471,958 -24 CITY OF WICHITA FALLS, TEXAS Exhibit B-8 General Fund Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Balances, September 30, 1970: Cash in bank - demand deposits $ 269,890 $ Cash on hand 885 Restricted assets - certificates of deposit 6,800 277,575 Receipts: General revenues 2,828,561 From tax collections - ad valorem taxes current and non-current 2,588,262 Transfers from Water and Sewer Revenue Fund 670,000 Sales taxes receivable 251,948 Accounts receivable, including other funds 561,878 Sanitation service 965,346 Expenditure reimbursements, etc. 99,163 Payables, including other funds 203,128 8,168,286 8,445,861 Disbursements: Expenditures 6,915,266 Notes payable 325,000 Materials and supplies (inventories) 315,933 Accounts payable, contracts, etc. 458,890 Temporary loans to other funds 58,864 Refunds, rebates, reimbursable items, etc. 148,895 8,222,848 Balances, September 30, 1971: Cash in bank - demand deposits 214,023 Cash on hand 845 Restricted Assets: Cash in bank - demand deposits $ 971 Certificates of deposit 7,174 8,145 $ 223,013 -25 PARTICIPATION PAVING FUND CITY OF WICHITA FALLS, TEXAS Exhibit C-1 Participation Paving Fund Balance Sheet September 30, 1971 Assets Cash (Exhibit C-3) $ $ 96,287 Accounts Receivable: Paving receivables 524,511 Due from other funds 13,334 537,845 Total $634,132 Liabilities, Reserves And Fund Balance Liabilities: Accounts payable $ -0- Due to other funds 85,632 Advance payments, etc. 18,384 $104,016 Reserve For Rebates, Etc. 2,470 Fund Balance (Exhibit C-2) 527,646 Total $634,132 -26- CITY OF WICHITA FALLS, TEXAS Exhibit C-2 Participation Paving Fund Statement Of Revenues And Expenditures And Fund Balance For The Year Ended September 30, 1971 Revenues: $ Street paving assessments 275,065 Alley paving assessments 63,276 Interest on paving receivables 16,096 354,437 Expenditures For Street And Alley Paving 376,216 ( 21,779) Fund Balance, September 30, 1970 549,425 Fund Balance, September 30, 1971 $ 527,646 -27 CITY OF WICHITA FALLS, TEXAS Exhibit C-3 Participation Paving Fund Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Balance, September 30, 1970 - Cash in bank - demand deposits $ $ 19,042 Receipts: Collection on paving receivables 313,210 Due from other funds 110,000 Due to other funds 35,000 Advance payments, collected 18,827 Interest on paving receivables 14,613 491,650 510,692 Disbursements: Paving expenditures 376,215 Due to other funds 34,210 Accounts payable 2,500 Refunds, etc. 1,480 414,405 Balance, September 30, 1971 - Cash in bank - demand deposits $ 96,287 -28 AIRPORT REVENUE FUND CITY OF WICHITA FALLS, TEXAS Exhibit D-1 Airport Fund Balance Sheet September 30, 1971 Assets Current Assets: Cash (Exhibit D-4) $ 53,714 Trade accounts receivable 14,522 Due from other funds 5,209 $ 73,445 Restricted Assets (Exhibit D-4) : Revenue bond debt service: Cash 20,327 Certificates of deposit 2,500 Revenue bond reserve: Cash 42 Certificates of deposit 39,000 61,869 Plant and Equipment (Exhibit D-3) : Buildings and improvements 494,972 Furniture and fixtures 18,077 Machinery and equipment 15,090 Motor vehicles 4,003 Total plant and equipment 532,142 Less accumulated depreciation 76,616 455,526 Total $ 590,840 Liabilities And Retained Earnings Current Liabilities (Payable From Currnet Assets)- Accounts payable $ 49 Current Liabilities (Payable From Restricted Assets) : Accrued revenue bond interest 7,471 Revenue bonds payable (Exhibit L-9) 20,000 $ 27,520 Revenue Bonds Payable (Exhibit L-9): Series 1964 - interest 3-1/2%, 3-3/4% and 4°i maturing serially 280,000 Less current maturity ( 15,000) Series 1967 - interest 4% - maturing serially 125,000 Less current maturity ( 5,000) 385,000 Retained Earnings (Exhibit D-2) 178,320 Total $ 590,840 -29- CITY OF WICHITA FALLS, TEXAS Exhibit D-2 Airport Fund Statement Of Operations And Retained Earnings For The Year Ended September 30, 1971 Operating Revenues $ 116,116 Operating Expenses: Salaries and wages $ 33,036 Utilities and telephone 12,940 Landing fee rental 6,205 Maintenance 6,532 Supplies and materials 3,289 Employee insurance and retirement 1,990 Social security 1,681 Insurance 1,054 Other 871 67,598 48,518 Other Income - Interest 1,984 50,502 Other Expenses: Interest on revenue bonds 16,659 Depreciation (Exhibit D-3) 14,278 30,937 Net Income For The Year 19,565 Retained Earnings, Beginning Of Year 158,755 Retained Earnings, End Of Year $ 178,320 -30 CITY OF WICHITA FALLS, TEXAS Exhibit D-3 Airport Fund Statement Of Plant, Equipment And Depreciation September 30, 1971 Plant And Equipment Balances Balances 9/30/70 Additions Deletions 9/30/71 Land And Betterments $ 941 $ $ $ 941 Buildings And Improvements 493,451 580 494,031 Furniture And Fixtures 18,077 18,077 Machinery And Equipment 13,625 1,613 148 15,090 Motor Vehicles 4,003 4,003 Totals $530,097 $2,193 $ 148 $532,142 -31- CITY OF WICHITA FALLS, TEXAS Exhibit D-3 Airport Fund Statement Of Plant, Equipment And Depreciation September 30, 1971 , Accumulated Depreciation Net • Balances Balances Plant And 9/30/70 Additions Deletions 9/30/71 Equipment $ 47 $ 19 $ $ 66 $ 875 48,893 10,072 58,965 435,066 7,609 1,809 9,418 8,659 4,878 1,377 148 6,107 8,983 1,059 1,001 2,060 1,943 $62,486 $14,278 $148 $76,616 $455,526 -31 CITY OF WICHITA FALLS, TEXAS Exhibit D-4 Airport Fund Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Revenue Bond Revenue Operating Debt Service Reserve Total Fund Fund Fund Balances, October 1, 1970: Cash in bank: Demand deposits $ 59,872 $ 38,697 $20,752 $ 423 Certificates of deposits 38,000 38,000 97,872 38,697 20,752 38,423 Receipts: Operating revenues 101,708 101,708 Trade receivables 17,018 17,018 Inter-fund receivables 9,249 9,249 Interest on certificates of deposits 1,919 1,300 619 Intra-fund transfers 37,875 37,875 167,769 127,975 39,175 619 Disbursements: Operating expenses 67,598 67,598 Capital additions 2,193 2, 193 Intra-fund transfers 37,875 37,875 Inter-fund receivables 5,209 5,209 Accounts payable,etc. 83 83 Revenue bond principal 20,000 20,000 Revenue bond interest 17, 100 17,100 150,058 112,958 37,100 Balances, September 30, 1971: Cash in bank: Demand deposits 74,083 53,714 20,327 42 Certificates of deposit 41,500 2,500 39,000 $115,583 $ 53,714 $22,827 $39,042 -32- WATER AND SEWER REVENUE FUND CITY OF WICHITA FALLS, TEXAS Exhibit E-1 Water And Sewer Revenue Fund Balance Sheet September 30, 1971 Assets Current Assets: Cash (Exhibit E-5) $ 119,980 Trade receivables (less $10,000 allowance for uncollectible accounts) 210,766 Other receivables 3,810 Inventory of materials and supplies (average cost) 134,162 Due from other funds 100,045 Total current assets $ 568,763 Restricted Assets (Exhibit E-5): Cash 21,101 Certificates of deposit 2,335,000 Total restricted assets 2,356,101 Utility Plant And Equipment - Net (Exhibit E-4) 31,141,497 Prepaid And Deferred Expenses 29,922 Total $34,096,283 Liabilities And Retained Earnings Current Liabilities: (Payable From Current Assets) Accounts payable $ 33,961 Accrued payroll 17,370 Due to other funds 111,818 $ 163, 149 Current Liabilities: (Payable From Restricted Assets) Accounts payable 650 Accrued revenue bond interest payable 63,792 Revenue bonds payable 550,000 614,442 Total current liabilities 777,591 Revenue Bonds Payable: Series 1963 3,825,000 Series 1966 2,975,000 Series 1966A 1,500,000 Series 1968 1,975,000 Total revenue bonds payable 10,275,000 Less current maturities 550,000 9,725,000 Consumer Deposits 268,692 Refunding Contracts 183,703 Retained Earnings (Exhibit E-2) 23,141,297 Total $34,096,283 -33- CITY OF WICHITA FALLS, TEXAS Exhibit E-2 Water And Sewer Revenue Fund Statement Of Retained Earnings For The Year Ended September 30, 1971 Balance, September 30, 1970 $23,219,730 Additions: Net income for the year (Exhibit E-3) 422,003 Contributions in aid of construction 169,564 23,811,297 Deduction - Transfer To General Fund 670,000 Balance, September 30, 1971 $23,141,297 -34 CITY OF WICHITA FALLS, TEXAS Exhibit E-3 Water And Sewer Revenue Fund Statement Of Operations For The Year Ended September 30, 1971 Operating Revenues: Water service $ 2,713,665 Sewer service 474,791 Other operating 87,603 Total operating revenues $ 3,276,049 Operating Expenses: Salaries and wages 773,604 Payroll taxes 37,517 Employee insurance and retirement 51,188 Supplies and materials 218,746 Maintenance 176,391 Rentals, utilities, etc. 146,386 Data processing 65,600 Insurance 14,496 Miscellaneous 8,873 Total operating expenses 1,492,801 Operating profit before depreciation 1,783,248 Depreciation (Exhibit E-4) 905,601 Operating profit after depreciation 877,647 Other Income: Interest 131,283 Gain (loss) on sale of fixed assets (188,588) ( 57,305) 820,342 Other Charges - Interest on revenue bonds 398,339 Net Income For The Year $ 422,003 -35- CITY OF WICHITA FALLS, TEXAS Exhibit E-4 Water And Sewer Revenue Fund Statement Of Property, Equipment And Depreciation September 30, 1971 Property And Equipment Balance Balance 9/30/70 Additions Deletions 9/30/71 Water: Land and betterments $12,190,782 $ 40,701 $231,253 $12,000,230 Buildings, distribution facilities, etc. 18,745,101 34,737 -0- 18,779,838 Furniture and fixtures 11,682 -0- 45 11,637 Machinery and equipment 842,467 21,585 10,591 853,461 Motor vehicles 78,803 11,387 10,636 79,554 Construction in progress 212,724 ( 2,068) -0- 210,656 Total water 32,081,559 106,342 252,525 31,935,376 Sewer: Land and betterments 78,748 -0- -0- 78,748 Buildings, plant, facilities, etc. 7,500,475 227,346 -0- 7,727,821 Furniture and fixtures 608 -0- -0- 608 Machinery and equipment 51,594 790 152 52,232 Motor vehicles 24,510 5,267 3,855 25,922 Construction in progress 23,122 ( 10,612) -0- 12,510 Total sewer 7,679,057 222,791 4,007 7,897,841 Total Water And Sewer: Land and betterments 12,269,530 40,701 231,253 12,078,978 Buildings, plant, facilities, etc. 26,245,576 262,083 -0- 26,507,659 Furniture and fixtures 12,290 -0- 45 12,24_` Machinery and equipment 894,061 22,375 10,743 905,69: Motor vehicles 103,313 16,654 14,491 105,476 Construction in progress 235,846 ( 12,680) -0- 223,16( $39,760,616 $ 329,133 $256,532 $39,833,217 -36- CITY OF WICHITA FALLS, TEXAS Exhibit E-4 Water And Sewer Revenue Fund Statement Of Property, Equipment And Depreciation September 30, 1971 Depreciation Net Balance Balance Plant And 9/30/70 Additions Deletions 9/30/71 Equipment $ 304,491 $ 96,203 $ -0- $ 400,694 $11,599,536 5,031,071 500,771 -0- 5,531,842 13,247,996 8,698 582 31 9,249 2,388 443,194 64,347 5,878 501,663 351,798 50,020 12,876 11, 198 51,698 27,856 -0- -0- -0- -0- 210,656 5,837,474 674,779 17,107 6,495,146 25,440,230 -0- -0- -0- -0- 78,748 1,913,740 223,327 -0- 2,137,067 5,590,754 454 53 -0- 507 101 40,094 4,121 122 44,093 8,139 15,441 3,321 3,855 14,907 11,015 -0- -0- -0- 12,510 1,969,729 230,822 3,977 2,196,574 5,701,267 304,491 96,203 -0- 400,694 11,678,284 6,944,811 724,098 -0- 7,668,909 18,838,750 9,152 635 31 9,756 2,489 483,288 68,468 6,000 545,756 359,937 65,461 16,197 15,053 66,605 38,871 -0- -0- -0- -0- 223,166 $7,807,203 $ 905,601 $21,084 $8,691,720 $31,141,497 -36 CITY OF WICHITA FALLS, TEXAS Exhibit E-5 Water And Sewer Revenue Fund Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Operating Total Fund Balances, September 30, 1970: Cash in bank: Demand deposits $ 366,022 $ 65,334 Certificates of deposit 2,201,000 Cash on hand 1,000 1,000 2,568,022 66,334 Receipts: Accounts collected for other funds 987,349 987,349 Water and sewer operating revenues 3,055,284 3,055,284 Consumer deposits 69,220 69,220 Interest on certificates of deposit 131,283 Intra-fund transfers 987,881 Intra and inter-fund transactions 69,684 69,684 Sale of fixed assets 52,949 52,949 Contributions in aid of construction 26,241 26,241 Accounts receivable 229,912 229,912 Miscellaneous 9,614 9,614 5,619,417 4,500,253 8,187,439 4,566,587 Disbursements: Operating expenses 1,468,483 1,468,483 Capital improvements 334,345 47,946 Inventory and prepaid expenses 120,260 90,338 Accounts and contracts payable 32,852 32,852 Refunding contracts 48,867 48,867 Accounts collected for other funds 987,349 987,349 Transfer to General Fund 670,000 670,000 Intra and inter-fund transactions 94,253 93,704 Intra-fund transfer 987,881 987,881 Bond principal payments 545,000 Bond interest payments 402,881 Miscellaneous 19,187 19,187 5,711,358 4,446,607 Balances, September 30, 1971: Cash in bank: Demand deposits 140,081 118,980 Certificates of deposits 2,335,000 Cash on hand 1,000 l,_000 $2,476,081 $ 119,980 -37- CITY OF WICHITA FALLS, TEXAS Exhibit E-5 Water And Sewer Revenue Fund Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Revenue Bond Revenue Bond Series 1963 Series 1968 Interest And Reserve Revenue Revenue Sinking Fund Fund Bond Funds Bond Funds $ 221,302 $ 268 $ 14,702 $ 64,416 771,000 360,000 1,070,000 221,302 771,268 374,702 1, 134,416 18,410 30,957 18,885 63,031 945,006 42,875 963,416 73,832 18,885 63,031 1,184,718 845,100 393,587 1,197,447 7,144 279,255 29,922 549 545,000 402,881 947,881 -0- 37,615 279,255 1,837 100 10,972 8,192 235,000 845,000 345,000 910,000 $ 236,837 $845,100 $355,972 $ 918,192 -37 DEBT SERVICE FUND CITY OF WICHITA FALLS, TEXAS Exhibit F-1 Debt Service Fund Balance Sheet September 30, 1971 Assets Cash (Exhibit F-5) $ $156,552 Accounts Receivable: Taxes receivable - delinquent (Exhibits F-3 and F-4) 372,219 Allowances for uncollectible taxes (Exhibits F-4) ( 97,000) Due from other funds 25,585 300,804 Total $457,356 Liabilities, Reserves And Fund Balance Fund Balance (Exhibit F-2) $457,356 Total $457,356 -38- CITY OF WICHITA FALLS, TEXAS Exhibit F-2 Debt Service Fund Statement Of Reserve For Future Debt Payments September 30, 1971 , Balance, September 30, 1970 $ 498,561 Add - Revenues: Property taxes (less allowances for estimated losses of $4,428 $2,240,542 Interest on certificates of deposit 24,010 Accrued interest on sale of bonds 13,241 Contributions from other funds 44,211 2,322,004 2,820,565 Deduct - Expenditures (Note) : General serial bond maturities 1,398,000 Interest on general obligation bonds 963,246 Paying agents' fee 1,963 2,363,209 Balance, September 30, 1971 $ 457,356 Note- Exepnditures were in the same amount as revised appropriations for the year ended September 30, 1971 and there were no encumbrances outstanding at the beginning or end of the fiscal year. -39- CITY OF WICHITA FALLS, TEXAS Exhibit F-3 Debt Service Fund Changes In Taxes Receivable September 30, 1971 Delinquent Current Taxes Taxes Total Balances, September 30, 1970 $357,936 $ -0- $ 357,936 Additions: Taxes levied 2,251,524 2,251,524 Transfer from current 82,147 82,147 82,147 2,251,524 2,333,671 Deductions: Collections 53,827 2,157,499 2,211,326 Transfer to delinquent 82,147 82,147 Due from trust and agency fund 4,214 8,130 12,344 Adjustments, write-offs, etc. 9,823 3,748 13,571 67,864 2,251,524 2,319,388, Balances, September 30, 1971 $372,219 $ -0- $ 372,219 -40- CITY OF WICHITA FALLS, TEXAS Exhibit F-4 Debt Service Fund Aged Schedule Of Taxes Receivable September 30, 1971 Fiscal Year Amount 1954 And Prior $ 4,686 1955 - 56 1,374 1956 - 57 1,579 1957 - 58 1,866 1958 - 59 2,134 1959 - 60 3,252 1960 - 61 4,499 1961 - 62 5,874 1962 - 63 7,630 1963 - 64 19,195 1964 - 65 21,019 1965 - 66 29,974 1966 - 67 45,231 1967 - 68 44,439 1968 - 69 44,483 1969 - 70 52,837 1970 - 71 82,147 Gross Taxes Receivable 372,219 Allowances For Uncollectible Taxes Receivable ( 97,000) Net Taxes Receivable $ 275,219 -41 CITY OF WICHITA FALLS, TEXAS Exhibit F-5 Debt Service Fund Statement Of Cash Receipts And Disbursements September 30, 1971 Balance, September 30, 1970 - Cash in bank - demand deposits $ 122,585 Receipts: Taxes receivable - property $2,211,326 Interest on certificates of deposit 24,010 Contributions from other funds 44,211 Maturity of investment 100,000 Interest receivable 6,000 Due from other funds 14,476 2,400,023 2,522,608 Disbursements: General serial bond maturities 1,398,000 Interest on general obligation bonds 963,246 Paying agents' fee 1,963 Refunds - taxes receivable 2,847 2,366,056 Balance, September 30, 1971 - Cash in bank - demand deposits $ 156,552 -42. CAPITAL PROJECTS FUNDS CITY OF WICHITA FALLS, TEXAS Exhibit G-1 Capital Project Funds Combined Balance Sheet September 30, 1971 Waterworks Improvements Combined Bond Total 1959 Assets Cash (Exhibit G-4): Demand deposits $ 159,496 $ 142 Certificates 1,725,000 75,000 1,884,496 75,142 Accounts Receivable: Due from other funds 100,487 Due from other governmental 597,561 698,048 Bonds Authorized And Unissued (Exhibit G-3) -0- Totals $2,582,544 $75,142 Liabilities, Reserves And Fund Balances Liabilities: Accounts payable $ 81,833 $ Due to other funds 24,591 4,808 106,424 4,808 Reserves For Encumbrances (Exhibit G-2) 960,907 Fund Balances (Exhibit G-2) 1,515,213 70,334 Totals $2,582,544 $75,142 -43- CITY OF WICHITA FALLS, TEXAS Exhibit G-1 Capital Project Funds Combined Balance Sheet September 30, 1971 Street And 1968 Series Storm Health Street And Drainage Unit Storm 1963 Building Drainage $ 230 $ 320 $ 158,804 1,650,000 230 320 1,808,804 10,632 89,855 41,913 555,648 10,632 41,913 645,503 $10,862 $42,233 $2,454,307 $ 426 $ 81,407 $ 6,500 13,283 426 6 ,500 94,690 21,765 939,142 10,436 13,968 1,420,475 $10,862 $42,233 $2,454,307 -43 CITY OF WICHITA FALLS, TEXAS Exhibit G-2 Capital Projects Funds Combined Statement Of Authorizations, Expenditures And Encumbrances September 30, 1971 Waterworks Improvements Combined Bond Total 1959 Amount Appropiated - Bonds Authorized $18,855,000 $4,000,000 Additions - Net: Prior years 1,385,481 122,752 Current years: Interest on certificates of deposit 31,466 753 Contributions from other governmental units 277,063 Miscellaneous 101 20,549, 111 4,123,505 Less Expenditures: Prior years 15,942,544 4,029,419 Current years 2,130,447 23,752 18,072,991 4,053,171 Unexpended Balance 2,476,120 70,334 Less - Reserve For encumbrances, September 30, 1971 960,907 Balance, September 30, 1971 $ 1,515,213 $ 70,334 -44- CITY OF WICHITA FALLS, TEXAS Exhibit G-2 Capital Projects Funds Combined Statement Of Authorization, Expenditures And Encumbrances September 30, 1971 Street And 1968 Series Storm Health Street And Drainage Unit Storm 1963 Building Drainage $3,795,000 $390,000 $10,670,000 409,782 559,874 293,073 30,713 27,063 250,000 101 4,204,883 976,937 11,243,786 4,194,447 767,579 6,951,099 173,625 1,933,070 4,194,447 941,204 8,884,169 10,436 35,733 2,359,617 21,765 939,142 $ 10,436 $ 13,968 $ 1,420,475 -44 CITY OF WICHITA FALLS, TEXAS Exhibit G-3 Capital Projects Funds Schedule Of Bonds Authorized - Unissued September 30, 1971 Authorized Date Amount General Obligation - Capital Projects Funds: Street And Storm Drainage Bonds 9/28/67 $10,670,000 -45- CITY OF WICHITA FALLS, TEXAS Exhibit G-3 Capital Projects Funds Schedule Of Bonds Authorized - Unissued September 30, 1971 Issued Amount Date Amount Unissued 1/10/68 $ 2,235,000 12/01/68 4,435,000 2/15/70 2,000,000 2/15/71 2,000,000 $10,670,000 $ -0- -45- CITY OF WIChITA FALLS, TEXAS Exhibit G-4 Capital Projects Funds Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Waterworks Improvements Combined Bond Total 1959 Balance, September 30, 1970: Cash in bank: Demand deposits $ 567,438 $94,840 Certificates of deposit 1,125,000 1,692,438 94,840 Receipts: Sale of bonds 2,013,241 Interest on certificates of deposit 75,678 753 Inter-fund receivables and payables 24,225 Contributions from other governmental units 250,000 Accounts receivable from other governmental units and current year participation by the State of Texas 1,094,298 Miscellaneous 4,242 3,461,684 753 5,154,122 95,593 Disbursements: Bond project costs 3,040,967 18,944 Transfer to debt service fund 44,211 Accounts and contracts payable 137,091 Inter-fund receivables and payables 36,820 1,507 Fiscal agency fees 10,537 3,269,626 20,451 Balances, September 30, 1971: Cash in bank: Demand deposits 159,496 142 Certificates of deposit 1,725,000 75,000 $1,884,496 $75, 142 -46- CITY OF WICHITA FALLS, TEXAS Exhibit G-4 Capital Projects Funds Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Street And 1968 Series Storm Health Street And Drainage Unit Storm 1963 Building Drainage $ 230 $ 83,379 $ 388,989 1,125,000 230 83,379 1,513,989 2,013,241 74,925 17,725 6,500 250,000 96,650 997,648 4,242 17,725 103,150 3,340,056 17,955 186,529 4,854,045 173,625 2,848,398 44,211 17,725 12,584 106,782 35,313 10,537 17,725 186,209 3,045,241 230 320 158,804 1,650,000 $ 230 $ 320 $1,808,804 -4E TRUST AND AGENCY FUNDS CITY OF WICHITA FALLS, TEXAS Exhibit H-1 Page 1 of 2 Trust And Agency Fund Combined Balance Sheet September 30, 1971 Combined Social Total Security Payroll Assets Cash (Exhibit H-3) $242,495 $103,058 $ Due From Other Funds 1 1 Due From Other Governmental Units 179,573 Miscellaneous Receivables 11,367 Securities Held In Trust 10,000 Totals $443,436 $103,059 $ -0- Liabilities And Fund Balances S Accounts Payable $147,627 $ $ Due To Other Funds 81,533 Due To Other Governmental Units 139,412 103,059 Fund Balances (Exhibit H-2) 74,864 Totals $443,436 $103,059 $ -0- -47- CITY OF WICHITA FALLS, TEXAS Exhibit H-1 Page 1 of 2 Trust And Agency Fund Combined Balance Sheet September 30, 1971 , Cab Container Urban Mass Page 2 Company Train Tax Tax Transportation Totals Trust Study Refund Collection Study Forward $ $ 7,326 $ 10,113 $ 74,619 $ 1,078 $ 46,301 179,573 11,367 10,000 $ 10,000 $ 7,326 $ 10,113 $ 74,619 $ 1,078 $ 237,241 $ $ 64 $ 10,113 $ $ $ 137,450 29 38,266 4,800 38,438 36,353 10,000 7,233 (3,722) 61,353 $ 10,000 $ 7,326 $ 10,113 $ 74,619 $ 1,078 $ 237,241 -47 CITY OF WICHITA FALLS, TEXAS Exhibit H-1 Page 2 of 2 Trust And Agency Fund Combined Balance Sheet September 30, 1971 Page 2 Municipal Police Emergency Total Information Systems Employment Forward System Management Grant Assets Cash (Exhibit H-3) $ 46,301 $ 10,208 $ $ 3,529 Due From Other Funds Due From Other Governmental Units 179,573 179,573 Miscellaneous Receivables 11,367 10,101 Securities Held In Trust Totals $237,241 $199,882 $ -0- $ 3,529 Liabilities And Fund Balances Accounts Payable $137,450 $137,127 $ $ Due To Other Funds 38,438 32,106 33 Due To Other Governmental Units Fund Balances (Exhibit H-2) 61,353 30,649 (33) 3,529 Totals $237,241 $199,882 $ -0- $ 3,529 -48- CITY OF WICHITA FALLS, TEXAS Exhibit H-1 Page 2 of 2 Trust And Agency Fund Combined Balance Sheet September 30, 1971 Narcotics Clearing Drug Camps Intelligence Fund Administration Fund Fund $ 3,734 $ 3,789 $ 5,511 $19,630 1,266 $ 5,000 $ 3,789 $ 5,411 $19,630 $ $ 96 $ 52 $ 175 5,000 36 93 1,170 3,657 5,266 18,285 $ 5,000 $ 3,789 $ 5,411 $19,630 -4E CITY OF WICHITA FALLS, TEXAS Exhibit H-2 Page 1 of 2 Trust And Agency Fund Combined Statement Of Revenue And Expenditures And Fund Balances For The Year Ended September 30, 1971 Combined Social Total Security Payroll Fund Balances, September 30, 1970 $ 32,683 $ -0- $ -0- Additions: State and Federal Grants 983,048 From other funds 4,104 987, 152 -0- -0- 1,019,835 -0- -0- Deductions - Expenditures 944,971 Fund Balances, September 30, 1971 $ 74,864 $ -0- $ -0- -49- CITY OF WICHITA FALLS, TEXAS Exhibit H-2 Page 1 of 2 Trust And Agency Fund Combined Statement Of Revenue And Expenditures And Fund Balances For The Year Ended September 30, 1971 Cab Container Urban Mass Page 2 Company Train Tax Tax Transportation Totals Trust Study Refund Collection Study Forward $10,000 $14,718 $ -0- $ -0- $ ( 1,121) $ 9,086 26,960 20,128 935,960 4,104 -0- 26,960 -0- -0- 20,128 940,064 10,000 41,678 -0- -0- 19,007 949,150 34,445 22,729 887,797 $10,000 $ 7,233 $ -0- $ -0- $ ( 3,722) $ 61,353 -4 CITY OF WICHITA FALLS, TEXAS Exhibit H-2 Page 2 of 2 Trust And Agency Fund Combined Statement Of Revenue And Expenditures And Fund Balances For The Year Ended September 30, 1971 Page 2 Municipal Police Totals Information Systems Forward System Management Fund Balances, September 30, 1970 $ 9,086 $ 6,730 $ 2,356 Additions: State and Federal Grants 935,960 875,777 14,000 From other funds 4,104 940,064 875,777 14,000 949,150 882,507 16,356 Deductions- Expenditures 887,797 851,858 16,389 Fund Balances, September 30, 1971 $ 61,353 $ 30,649 $ (33) -50- CITY OF WICHITA FALLS, TEXAS Exhibit H-2 Page 2 of 2 Trust And Agency Fund Combined Statement Of Revenue And Expenditures And Fund Balances For The Year Ended September 30, 1971 Emergency Narcotics Employment Clearing Drug Camps Intelligence Grant Fund Administration Fund Fund $ -0- $ -0- $ -0- $ -0- $ -0- 4,867 6,215 10,001 25, 100 4,104 4,867 -0- 6,215 10,001 29,204 4,867 -0- 6,215 10,001 29,204 1,338 2,558 4,735 10,919 $ 3,529 $ -0 $ 3,657 $ 5,266 $ 18,285 -5C CITY OF WICHITA FALLS, TEXAS Exhibit H-3 Page 1 of 2 Trust And Agency Fund Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Combined Social Total Security Payroll Balances, September 30, 1970 Cash in bank - demand deposits $ 183,993 $ 85,543 $ -0- Receipts: From other funds 6,509,846 416,232 6,049,010 From other governmental units 1,047,374 For tax refunds 23,001 Ad valorem taxes 9,704,931 Miscellaneous receivables 12,133 17,297,285 416,232 6,049,010 17,481,278 501,775 6,049,010 Disbursements: Miscellaneous receivables 20,825 Payrolls and related 6,447,723 398,713 6,049,010 Due to other funds 48,377 Project expenditures 808,458 Tax refunds 21,246 Tax collected for City funds 4,934,400 Taxes collected for other governmental units 4,753,423 Accounts payable 204,331 4 17,238,783 398,717 6,049,O1C Balances, September 30, 1971 Cash in bank - demand deposits $ 242,495 $ 103,058 $ -0- -51- CITY OF WICHITA FALLS, TEXAS Exhibit H-3 Page 1 of 2 Trust And Agency Fund Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Cab Container Urban Mass Page 2 Company Train Tax Tax Transportation Totals Trust Study Refund Collections Study Forward $ -0- $20,227 $ 8,358 $ 57,511 $ 7,239 $ 5, 115 44,604 26,960 29,568 990,846 23,001 9,704,931 12,133 -0- 26,960 23,001 9,704,931 29,568 1,047,583 -0- 47,187 31,359 9,762,442 36,807 1,052,698 20,825 9 13,000 35,368 34,352 22,729 751,377 21,246 4,934,400 4,753,423 5,500 198,827 -0- 39,861 21,246 9,687,823 35,729 1,006,397 $ -0- $ 7,326 $10,113 $ 74,619 $ 1,078 $ 46,301 -51 CITY OF WICHITA FALLS, TEXAS Exhibit H-3 Page 2 of 2 Trust And Agency Fund Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Page 2 Municipal Police Totals Information Systems Forward System Management Balances, September 30, 1970 Cash in banks - demand deposits $ 5,115 $ -0- $ 5,115 Receipts: From other funds 44,604 35,000 From other governmental units 990,846 930,663 14,000 For tax refunds Ad valorem taxes Miscellaneous receivables 12,133 12,133 1,047,583 977,796 14,000 1,052,698 977,796 19,115 Disbursements: Miscellaneous receivables 20,825 19,559 Payrolls and related Due to other funds 35,368 35,000 Project expenditures 751,377 716,961 16,356 Tax refunds Taxes collected for City funds Taxes collected for other governmental Accounts payable 198,827 196,068 2,759 1,006,397 967,588 19,115 Balances, September 30, 1971 Cash in bank - demand deposits $ 46,301 $ 10,208 $ -0- -52- CITY OF WICHITA FALLS, TEXAS Exhibit H-3 Page 2 of 2 Trust And Agency Fund Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1971 Emergency Narcotics Employment Clearing Drug Camps Intelligence Grant Fund Administration Fund Fund $ -0- $ -0- $ -0- $ -0- $ -0- 5,000 500 4, 104 4,867 6,215 10,001 25,100 4,867 5,000 6,715 10,001 29,204 4,867 5,000 6,715 10,001 29,204 1,266 368 1,338 2,558 4,590 9,574 1,338 1,266 2,926 4,590 9,574 $ 3,529 $ 3,734 $ 3,789 $ 5,411 $ 19,630 -52 GENERAL FIXED ASSETS CITY OF WICHITA FALLS, TEXAS Exhibit I-1 General Fixed Assets Balance Sheet September 30, 1971 Assets Land And Betterments $29,510,827 Building And Improvements 4, 157,489 Furniture And Fixtures 630,368 Machinery And Equipment 2,680,453 Motor Vehicles 1,311,201 Construction In Progress 1,474,613 Total Assets $39,764,951 Investment In Fixed Assets Fixed Assets Aquired Prior to September 30, 1964 $21,072,659 Fixed Assets Provided By General Fund 3,556,258 Fixed Assets Contributed 1 ,354,971 Fixed Assets Provided By Bond Fund 13,781,063 Total Investment In Fixed Assets $39,764,951 -53- CITY OF WICHITA FALLS, TEXAS Exhibit I-2 General Fixed Assets Statement Of Additions And Deletions - By Department September 30, 1971 Balance Balance 9-30-70 Additions Deletions 9-30-71 Mayor And Board Of Aldermen $ 4,097 $ $ $ 4,097 City Manager 16,692 16,692 Legal And City Clerk 21,029 256 611 20,674 Personnel 6,624 48 6,672 Data Processing 19,242 19,242 Library 730,200 166 730,366 Health 839,237 983,214 817,885 1,004,566 Finance 9,863 9,863 Tax 35,918 4,993 1,837 39,074 Municipal Court 13,189 701 13,890 Public Safety 30,461 368 900 29,929 Police 806,137 53,804 19,719 840,222 Fire 1,135,995 13,791 1,149,786 Fire Marshal 12,312 5,545 3,307 14,550 Animal Control 20,030 3,826 23,856 Engineering 59,210 4,480 1,894 61,796 Inspection 15,823 15,823 Property Agent 7,342 7,342 Street Maintenance 24,834,424 3,451,294 2,000,933 26,284,785 Sanitation 790,234 146,453 2,050 934,637 Parks 2,239,547 19,796 2,526 2,256,817 Golf 141,651 5,947 2,360 145,238 Cemetery 30,640 398 31,038 Planning 8,329 1,600 6,729 Traffic Engineering 907,961 5,108 913,069 Street Lighting 10,000 10,000 Parking Meters 98,963 2,193 101,156 Information Center 5,030 5,030 Auditorium Services 38,394 3,978 42,372 Purchasing 3,778 3,778 Central Garage 160,084 6,212 8,664 157,632 Building Maintenance 1,331,681 46,915 34,486 1,344,110 WCID #1 3,315,211 3,315,211 WCID #2 19,235 19,235 SAFB - Terminal 57,612 57,612 Men's Recreational Building 128,062 128,062 $37,904,237 $4,759,486 $2,898,772 $39,764,951 -54• CITY OF WICHITA FALLS, TEXAS Exhibit I General Fixed Assets Statement Of General Fixea Assets By Category September 30, 1971 Land And Buildings And Total Betterments Improvements Mayor And Board Of Aldermen $ 4,097 $ $ City Manager 16,692 Legal And City Clerk 20,674 Personnel 6,672 Data Processing 19,242 Library 730,366 5,202 302,410 Health 1,004,566 69,190 791,252 Finance 9,863 Tax 39,074 Municipal Court 13,890 Public Safety 29,929 Police 840,222 29,471 531,553 Fire 1,149,786 129,349 514,285 Fire Marshal 14,550 Animal Control 23,856 1,091 11,800 Engineering 61,796 188 864 Inspection 15,823 Property Agent 7,342 Street Maintenance 26,284,785 24,086 966 99,917 Sanitation 934,637 31,698 18,306 Parks 2,256,817 1,694,572 298,407 Golf 145,238 4,466 93,-059 Cemetery 31,038 11,005 Planning 6,729 Traffic Engineering 913,069 14,429 Street Lighting 10,000 Parking Meters 101,156 36,807 Information Center 5,030 Auditorium Services 42,372 Purchasing 3,778 Central Garage 157,632 50,000 .40,666 Building Maintenance 1,344,110 32,534 1,288,658 WCID #1 3,315,211 3,264,872 11,885 WCID # 2 19,235 2,380 15,360 SAFB - Terminal 57,612 57,612 Men's Recreational Building 128,062 128,062 $39,764,951 $29,510,827 . $4, 157,489 -55- CITY OF WICHITA FALLS, TEXAS Exhibit I-3 General Fixed Assets Statement Of General Fixed Assets By Category September 30, 1971 Furniture And Machinery And Motor Construction Fixtures Equipment Vehicles In Progress $ 4,097 $ $ $ 5,501 3,679 7,512 17,630 3,044 2,256 2,150 2,266 5,426 11,566 2,250 417,337 5,417 47,061 81,398 15,665 5,242 4,621 14,746 15,440 8,888 7 ,297 4,356 2,237 378 27,901 1,650 29,171 128,286 121,741 16,828 79 ,291 410,033 306 2,913 11,331 188 3,839 6,938 6,476 27,819 26,449 2,470 3,574 9,779 1,134 2,129 4,079 1,213 496,775 125,301 1,474,613 2,132 479,758 402,743 9,158 200,287 54,393 1,924 38,898 6,891 1,332 15,178 3,523 4,559 1,983 187 6,850 851,231 40,559 10,000 792 52,601 10,956 1,865 992 2,173 4,258 38,114 1,582 2,196 2,674 35,766 28,526 8,485 10,528 3,905 38,454 269 1,226 $630,368 $2,680,453 $1,311,201 $1,474,613 -55- GENERAL BONDED DEBT CITY OF WICHITA FALLS, TEXAS Exhibit J-1 General Long - Term Debt Balance Sheet September 30, 1971 DEBITS Amounts Available For Retirement Of Serial Bonds (Exhibit J-2) $ 182,137 Amounts To Be Provided For Retirement Of Serial Bonds 31,110,782 Total $31,292,919 CREDITS Interest Payable - General Obligation Bonds (Exhibit L-9) $ 7,747,919 General Obligation Bonds Payable - Serial Bonds (Exhibit L-9) 23,545,000 Total $31,292,919 -56 CITY OF WICHITA FALLS, TEXAS Exhibit J-2 General Long - Term Debt Schedule Of Amount Available In Debt Service Fund For Retirement Of Bonds And Interest September 30, 1971 Cash - Demand deposits $ 156,552 Due From Other Funds 25,585 Total $ 182,137 -57- TRANSIT SYSTEM FUND CITY OF WICHITA FALLS, TEXAS Exhibit K- Transit System Fund Balance Sheet September 30, 1971 Assets Current Assets: Cash (Exhibit K-4) $ 58,389 Inventory 6,900 Prepaid insurance 5,416 $ 70,705 Plant and Equipment (Exhibit K-3): Furniture and fixtures 135 Machinery and equipment 9,165 Buses and motor vehicles 23,550 Total plant and equipment 32,850 Less accumulated depreciation 4,228 28,622 Total $ 99,327 Liabilities Current Liabilities: Due to other funds $ 63,010 Accounts payable 2,515 $ 65,525 Retained Earnings (Exhibit K-2) 33,802 Total $ 99,327 Note - To continue public transportation in Wichita Falls, the City acquired the assets of the privately owned bus company in April of 1971 and formed the Transit System Fund to account for this operation. -58 CITY OF WICHITA FALLS, TEXAS Exhibit K-2 Transit System Fund Statement Of Operations And Retained Earnings For The Six Month Period Ended September 30, 1971 Operating Revenues $ 69,295 Operating Expenses: Salaries and wages $ 39,458 Maintenance 6,276 Gas, oil and supplies 6,054 Insurance 4,582 Social security 2,170 Rent 1,800 Employee insurance and retirement 1,396 Utilities and telephone 1,004 Other 525 63,265 6,030 Other Expenses - Depreciation 4,228 Net Income For Six Months 1,802 Retained Earnings, Beginning Of Period -0- Contribution From The General Fund 32,000 Retained Earnings, End Of Year $ 33,802 -59- CITY OF WICHITA FALLS, TEXAS Exhibit K-3 Transit System Fund Statement Of Plant, Equipment And Depreciation September 30, 1971 Plant And Equipment Balances Balances 9/30/70 Additions Deletion 9/30/71 Furniture And Fixtures $ -0- $ 135 $ $ 135 Machinery And Equipment -0- 9,165 9,165 Buses And Motor Vehicles -0- 23,550 23,550 $ -0- $32,850 $ $32,850 -60- CITY OF WICHITA FALLS, TEXAS Exhibit K-3 Transit System Fund Statement Of Plant, Equipment And Depreciation September 30, 1971 Accumulated Depreciation Net Balances Balances Plant And 9/30/70 Additions Deletions 9/30/71 Eauipment $ -0- $ 17 $ $ 17 $ 118 -0- 1,149 1,149 8,016 -0- 3,062 3,062 20,488 $ -0- $ 4,228 $ $ 4,228 $ 28,622 -6C CITY OF WICHITA FALLS, TEXAS Exhibit K-4 Transit System Fund Statement Of Cash Receipts And Disbursements For The Six Month Period Ended September 30, 1971 Balance, September 30, 1970 $ -0- Receipts: Operating revenues $69,295 Contribution from the General Fund 32,000 101,295 101,295 Disbursements: Purchase of fixed assets 32,000 Purchase of inventory 5,490 Prepaid insurance 5,416 42,906 Balances, September 30, 1971: Petty Cash 2,895 Demand deposits 55,494 $ 58,389 -61 STATISTICAL SECTION CITY OF WICHITA FALLS, TEXAS Exhibit L-1 Tax Revenues By Source Last Ten Fiscal Years Business Gross Fiscal Total Ad Valorem Sales Receipts Occupation Year Taxes Taxes Taxes Taxes Taxes 1961-62 $3,264,069 $3,005,387 $ -0- $249,563 $9,119 1962-63 3,710,154 3,437,655 -0- 264,772 7,727 1963-64 3,760,956 3,480,012 -0- 273,009 7,935 1964-65 4,230,263 3,871,990 -0- 350,130 8,143 1965-66 4,522,141 4,142,392 -0- 372,964 6,785 1966-67 4,859,914 4,442,557 -0- 410,148 7,209 1967-68 5,802,415 4,479,498 884,386 432,128 6,403 1968-69 6,043,770 4,299,255 1,287,078 450,778 6,659 1969-70 6,590,542 4,743,846 1,350,000 489,841 6,855 1970-71 6,992,630 4,864,078 1,600,000 521,066 7,486 -62 CITY OF WICHITA FALLS, TEXAS Exhibit L-2 Property Tax Levies And Collections Last Ten Fiscal Years Total Current Per Cent Fiscal Tax Tax Of Levy Year Levy Collections Collected 1961-62 $3,014,997 $2,754,550 91.36% 1962-63 3,441,539 3,193,738 92.80% 1963-64 3,502,187 3,261,334 93.12% 1964-65 3,910,580 3,647,116 93.26% 1965-66 4,166,789 3,900,357 93.61% 1966-67 4,465,061 4,187,744 93.80% 1967-68 4,514,277 4,228,690 93.677 1968-69 4,299,255 4,125,058 95.95% 1969-70 4,743,846 4,566,915 96.27% 1970-71 4, 875,445 4,692,199 96.24% -63- CITY OF WICHITA FALLS, TEXAS Exhibit L-2 Property Tax Levies And Collections Last Ten Fiscal Years Delinquest Total Total Collections Tax Tax As Percent Of Collections Collections Current Levy $ 80,216 $2,834,766 94.02% 96,510 3,290,248 95.607 142,911 3,404,245 97.20% 133,775 3,780,891 96.687 142,607 4,042,964 97.03% 159,972 4,347,716 97.37% 122,631 4,351,321 96.39% 166,671 4,291,729 99.82% 143,381 4,710,296 99.29% 150,189 4,824,388 99.32% -63 CITY OF WICHITA FALLS, TEXAS Exhibit L-3 Assessed And Estimated Acutal Value Of Taxable Property Last Ten Fiscal Years Real Property Personal Property Fiscal Assessed Estimated Assessed Estimated Year Value Actual Value Value Actual Value *1961-62 $168,380,690 $336,761,380 $60,028,160 $120,056,320 1962-63 176,310,210 352,620,420 57,808,060 115,616,120 1963-64 180,208,610 360,417,220 58,035,400 116,070,800 1964-65 185,812,260 371,624,520 58,598,980 117,197,960 1965-66 188,449,360 376,898,720 56,655,900 113,311,800 1966-67 189,412,500 378,825,000 57,275,310 114,550,620 1967-68 190,662,810 381,325,620 58,745,285 117,490,570 1968-69 192,499,218 384,998,436 49,515,325 99,030,650 1969-70 195,862,998 391,725,996 51,344,180 102,688,360 1970-71 208,918,720 417,837,440 54,429,630 108,859,260 * An Extensive Revaluation Study Was Completed To Establish A New Tax Basis For The Year 1961 And Subsequent Years. -64- CITY OF WICHITA FALLS, TEXAS Exhibit L-3 Assessed And Estimated Actual Value Of Taxable Property Last Ten Fiscal Years Total Ratio Of Total Assessed Estimated Assessed To Total Value Actual Value Estimated Actual Value $228,408,850 $456,817,700 50.00% 234, 118,270 468,236,540 50.00% 238,244,010 476,488,020 50.00% 244,411,240 488,822,480 50.00% 245, 105,260 490,210,520 50.007 246,687,810 493,375,620 50.007 249,408,095 498,816,190 50.00% 242,014,543 484,029,086 50.00% 247,207,178 494,414,356 50.00% 263,348,350 526,696,700 50.007 -6Z CITY OF WICHITA FALLS, TEXAS Exhibit L-4 Tax Rates And Tax Levies 1961-1971 Tax Rates Per $100 Valuation Fiscal WFISD CVISD Period City School (1) School (2) County (3)1961-62 $1.32 $1.30 $2.00 $1.00 1962-63 1.47 1.40 2.00 1.05 1963-64 1.47 1.50 2.00 1.05 1964-65 1.60 1.50 2.00 1.05 1965-66 1.70 1.61 2.00 1.05 1966-67 1.81 1.61 2.00 1.05 1967-68 1.81 1.61 2.00 1.05 1968-69 1.78 1.78 2.20 1.05 1969-70 1.92 1.86 2.30 1.05 1970-71 1.92 1.86 1.35 1.05 Tax Levies (3)1961-62 $3,014,997 $3,005 176 $ 56,696 $1,403 653 1962-63 3,441,539 3,304,084 61,782 1,550,309 1963-64 3,502,187 3,597,045 61,782 1,622,663 1964-65 3,910,580 3,b92,020 71,457 1,670,192 1965-66 4,166,789 3,969 478 70,900 1.713, 214 1966-67 4, 465,061 3,994,395 73,128 1,753,123 1967-68 4,514, 277 4,038,370 79,324 1,789 336 1968-69 4, 299,255 4,337,454 88,026 1,824,287 1969-70 4,743,846 4,625,896 96,415 1,926,248 1970-71 4, 875,445 4,891,188 142,927 1,997, 622 (1) WFISD - Wichita Falls Independent School District - 91.79% in Wichita Falls city limits (2) CVISD - City View Independent School District - 66.34% in Wichita Falls city limits (3) An extensive revaluation study was completed to establish a new tax basis for the City of Wichita Falls and Wichita Falls Independent School District for the year 1961 and subsequent years. -65- CITY OF WICHITA FALLS, TEXAS Exhibit L-4 Tax Rates And Tax Levies 1961-71 Tax Rates Per $100 Valuation Water Midwestern State District #1 University Total $.42 $ - $.36 $6.40 .42 - .26 6.60 .42 - - 6.44 .42 - - 6.57 .42 - - 6.78 .47 - - 6.94 .47 - - 6.94 .47 - - 7.28 .42 - - 7.55 .37 - - 6.55 Tax Levies $446,730 $- $766,005 $ 8,693,257 452,483 - 560,840 9,371,037 476,786 - - 9,260,463 496,516 - - 9,840,765 509,663 - - 10,430,044 595,554 - - 10,881,261 612,145 - - 11,033,452 816,582 - - 11,365,604 530,738 - - 11,923,143 480,890 - - 12, 388,072 -65 CITY OF WICHITA FALLS, TEXAS Exhibit L-5 Ratio Of Net General Bonded Debt To Assessed Value And Net Bonded Debt Per Capita Last Ten Fiscal Years Gross Fiscal Assessed Bonded Year Population Value Debt** ***1961-62 104,775 $228,408,850 $ 9,253,000 1962-63 107,918 234,118,270 11,586,000 1963-64 108,525 238,224,010 14,140,000 1964-65 109,225 244,411,240 19,307,000 1965-66 109,500 245,105,260 18,181,000 1966-67 115,300 246,687,810 17,037,000 1967-68 115,340 249,408,095 18,867,000 1968-69 115,500 242,014,543 22, 121,000 ****1969-70 94,976 247,207,178 22,943,000 1970-71 97,300 263,348,350 23,545,000 ** Includes Water and Sewer Tax Obligation Bonds *** An extensive revaluation study was completed to establish a new tax basis for the year 1961 and subsequent years. **** 1970 Census -66- CITY OF WICHITA FALLS, TEXAS Exhibit L-5 Ratio Of Net General Bonded Debt To Assessed Value And Net Bonded Debt Per Capita Last Ten Fiscal Years Ratio Net Less Net Bonded Debt Net Debt Service Bonded To Assessed Bonded Debt Funds Debt Value Per Capita $ 321,003 $ 8,931,997 3.91 $ 85.25 1,146,260 10,439,740 4.45% 96.74 790,059 13,349,941 5.60% 123.01 637,329 18,669,671 7.63% 170.93 522,940 17,658,060 7.207 161.26 551,679 16,485,321 6.68% 142.98 423,755 18,443,245 7.39% 159.90 503,725 21,617,275 8.937 187.16 498,561 22,444,439 9.077. 236.32 457,356 23,087,644 8.76% 237.53 -66 CITY OF WICHITA FALLS, TEXAS Exhibit L-6 Statement Of Direct And Overlapping Debt September 30, 1971 Percentage Of Net Debt Applicable Amount Debt To City Overlapping City Of Wichita Falls $23,087,644 100.00% $23,087,644 Wichita Falls Independent II School District 18,662,741 91.797 17,130,530 Wichita County 2,362,151 73.837 1,743,976 City View Independent School District 250,402 66.34% 166,117 Total Direct and IIOverlapping Debt $42,128,267 II -67 CITY OF WICHITA FALLS, TEXAS Exhibit L-7 II Schedule Of Revenue Bond Coverage Water & Sewer Revenue Bonds Last Ten Years Net Revenue II Fiscal Gross Available For Year Revenues Expenses Debt Service II 1961-62 $2,126,245 $ 958,774 $1,167,471 1962-63 2,214,419 992,815 1,221,604 1963-64 2,107,720 1,009,751 1,097,969 1964-65 2,368,775 1,019,441 1,349,334 1965-66 2,637,466 1,021,965 1,615,501 1966-67 2,618,584 1,071,974 1,546,610 II 1967-68 2,536,938 1,182,898 1,354,040 1968-69 3,069,010 1,307,812 1,761,198 1969-70 3,153,610 1,388,778 1,764,832 1970-71 3,276,049 1,492,801 1,783,248II II -68- CITY OF WICHITA FALLS, TEXAS Exhibit L-7 Schedule Of Revenue Bond Coverage Water & Sewer Revenue Bonds Last Ten Years Average Annual Debt Service Requirements Times Prinicipal Interest Total Covered $159,000 $ 40,000 $199,000 5.87 223,000 91,209 314,209 3.89 224,000 85,824 309,824 3.54 224,000 81,318 305,318 4.42 376,000 153,827 529,827 3.05 450,000 188,890 638,890 2.42 ' 560,000 233,297 793,297 1.71 566,000 221,636 787,636 2.24 515,238 181,123 696,361 2.53 513,750 170,035 683,785 2.61 -6f CITY OF WICHITA FALLS, TEXAS Exhibit L-8 Schedule Of Revenue Bond Coverage Airport Revenue Bonds Last Eight Years Net Revenue II Fiscal Gross Available For Year Revenues Expenses Debt Service *1963-64 $ 21,533 $ -0- $21,533 1964-65 96,350 37,580 58,770 1965-66 96,980 42,463 54,517 1966-67 94,990 46, 181 48,809 1967-68 96,805 50,571 46,234 1968-69 111, 148 60,407 50,741 ' 1969-70 117,520 63,141 54,379 1970-71 116,116 67,598 48,518 * Airport Revenue Fund established May 14, 1964 and bonds sold same year. II -69- CITY OF WICHITA FALLS, TEXAS Exhibit L-8 Schedule Of Revenue Bond Coverage Airport Revenue Bonds Last Eight Years Average Annual Debt Service Requirements Times Principal Interest Total Covered $19,000 $ 8,495 $27,495 - 19,000 8,214 27,214 2.16 20,000 7,919 27,919 1.95 24,000 10,541 34,541 1.41 24,000 10,119 34,119 1.36 24,500 9,673 34, 173 1.49 25,000 9,385 34,385 1.58 25,313 8,906 34,219 1.42 -6c CITY OF WICHITA FALLS, TEXAS Exhibit L-9 Schedule Of Bonded Debt And Interest Maturities September 30, 1971 General Obligation Bonds Water And Serial Interest Total Bonds Serial Fiscal Bond On And Bond Period Maturities Bonds Interest Maturities 1972 $ 1,570,000 $ 970,769 $ 2,540,769 $ 550,000 1973 1,622,000 856,765 2,478,765 550,000 1974 1,632,000 789,920 2,421,920 550,000 1975 1,666,000 726,694 2,392,694 550,000 1976 1,491,000 663,791 2,154,791 550,000 1977 1,499,000 602,741 2,101,741 550,000 1978 1,500,000 543,038 2,043,038 575,000 1979 1,501,000 483,160 1,984,160 575,000 1980 1,306,000 423,175 1,729, 175 575,000 1981 1,309,000 371,804 1,680,804 580,000 1982 1,311,000 319,767 1,630,767 580,000 1983 1,318,000 267,141 1,585,141 580,000 1984 1,320,000 214,855 1,534,855 580,000 1985 1,155,000 171,700 1,326,700 580,000 1986 857,000 133,425 990,425 580,000 1987 885,000 93,393 978,393 580,000 1988 670,000 63,841 733,841 580,000 1989 558,000 36,565 594,565 230,000 1990 250,000 12,312 262,312 230,000 1991 125,000 3,063 128,063 150,000 $23,545,000 $7,747,919 $31,292,919 $10,275,000 II -70- I ICITY OF WICHITA FALLS, TEXAS Exhibit L-9 Schedule Of Bonded Debt And Interest Maturities I September 30, 1971 Sewer Revenue Bonds Airport Revenue Bonds Interest Total Bonds Serial Interest Total Bonds On And Bond On And Bonds Interest Maturities Bonds Interest Total $ 376,656 $ 926,656 $ 20,000 $ 16,300 $ 36,300 $ 3,503,725 353,656 903,656 25,000 15,550 40,550 3,422,971 330,844 880,844 25,000 14,625 39,625 3,342,389 II 308,165 858,165 836,215 25,000 13,700 38,700 3,289,559 286,215 25,000 12,725 37,725 3,028,731 264,265 814,265 25,000 11,750 36,750 2,952,756 241,784 816,784 25,000 10,775 35,775 2,895,597 218,771 793,771 25,000 9,800 34,800 2,812,731 196,321 771,321 30,000 8,825 38,825 2,539,321 175,403 755,403 30,000 7,600 37,600 2,473,807 154,115 734,115 30,000 6,375 36,375 2,401,257 132,710 712,710 30,000 5,150 35,150 2,333,001 111,248 691,248 30,000 3,925 33,925 2,260,028 89,499 669,499 20,000 2,700 22,700 2,018,899 67,511 647,511 20,000 1,800 21,800 1,659,736 45,524 625,524 20,000 900 20,900 1,624,817 25,376 605,376 1,339,217 13,521 243,521 838,086 6,096 236,096 498,408 3,019 153,019 281,082 $3,400,699 $13,675,699 $405,000 $142,500 $547,500 $45,516,118 -70-