1969 Annual Financial Report CITY OF
wICHITA FALLS
ANNUAL
FINANCIAL
REPORT
FOR YEAR ENDED SEPTEMBER 30,1969
JERRY R. DUNN , DIRECTOR of FINANCE
CITY OF WICHITA FALLS, TEXAS
Financial Report For The Year Ended September 30, 1969
Table of Contents
Exhibit Page
No. No.
Letter of Transmittal w' r. J►L TTJEPt N fe s4 ✓,• i
Accountants' Opinion 4..L1Igik. �ERO
v
COMBINED FINANCIAL SECTION
A-1 Combined Balance Sheet - All Funds 1
A-2 Statement of Unappropriated Fund Balances and Retained
Earnings - By Funds 3
A-3 General Fund Revenues 4
A-4 Statement of Appropriations and Expenditures -
General Fund 5
A-5 Statement of Expenditures - General Fund 6
A-6 Statement of Operations - Water and Sewer Utility Fund 7
A-7 Statement of Operations - Airport Fund 8
A-8 Statement of Authorizations, Expenditures and Encumbrances -
Capital Projects Funds 9
A-9 Statement of Reserve For Future Debt Payments -
Debt Service Fund 10
A-10 Schedule of Bonded Debt and Interest Maturities 11
Aril. Schedule of Bonds Authorized - Unissued 12
Notes to Financial Statements 13
GENERAL FUND
Supplemental Accountants' Opinion LE7rbk )f rA i> 16
B-1 Balance Sheet 17
B-2 Statement of Fund Balance 18
B-3 Revenues - Estimated and Actual 19
B-4 Statement of Appropriations and Expenditures 20
B-5 Statement of Expenditures 21
B-6 Changes in Taxes Receivable 22
B-7 Aged Schedule of Taxes Receivable 23
B-8 Schedule of Notes Payable 24
B-9 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, 1969
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 Property, Equipment, and Depreciation 31
D-4 Schedule of Bonded Debt and Interest Maturities 32
D-5 Statement of Cash Receipts and Disbursements 33
WATER AND SEWER UTILITY FUND
E-1 Balance Sheet 34
E-2 Statement of Retained Earnings 35
E-3 Statement of Operations 36
E-4 Statement of Property, Equipment, and Depreciation 37
E-5 Schedule of Bonded Debt and Interest Maturities 38
E-6 Statement of Cash Receipts and Disbursements 39
DEBT SERVICE FUND
F-1 Balance Sheet 40
F-2 Statement of Reserve for Future Debt Payments 41
F-3 Changes in Taxes Receivable 42
F-4 Aged Schedule of Taxes Receivable 43
F-5 Statement of Cash Receipts and Disbursements 44
CAPITAL PROJECTS FUNDS
G-1 Combined Balance Sheet 45
G-2 Combined Statement of Authorizations, Expenditures and
Encumbrances 46
G-3 Schedule of Bonds Authorized - Unissued 47
G-4 Combined Statement of Cash Receipts and Disbursements 48
TRUST AND AGENCY FUND
H-1 Combined Balance Sheet 49
H-2 Combined Statement of Revenues and Expenditures and
Fund Balances 50
H-3 Combined Statement of Cash Receipts and Disbursements 51
GENERAL FIXED ASSETS
I-1 Balance Sheet 52
I-2 Statement of Additions and Deletions - By Department 53
I-3 Statement of General Fixed Assets By Category 54
LETTER OF TRANSMITTAL
AND ACCOUNTANTS' OPINION
�of / /7n47 a/s -- ft-
,....
Gerald G. Fox
City Manager
City of Wichita Falls
Wichita Falls, Texas
Dear Mr. Fox:
The Annual Financial Report for the City of Wichita Falls for the
fiscal year ended September 30, 1969 is submitted herewith.
The financial statements and related schedules enclosed were pre-
pared from the Books and Records of the City of Wichita Falls and
present the true and accurate financial position of the City as of
September 30, 1969. The accounting principles and standards of the
Municipal Finance Officers Association were incorporated into the
format of this Report.
The City's accounting records for General Governmental operations
are maintained on a full accrual basis. Budgetary control is main-
tained 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.
Revenues for General Government operations totaled $6,370,029 in the
1968-69 fiscal year, which was an increase of 9.2 per cent above the
prior fiscal period. The various revenue sources are illustrated in
the following tabulation:
Percent Increase
of Over Prior
Revenue Source Amount Total _ Year
Taxes $ 4,123,195 64.7% $ (48,189)
Licenses and Permits/ 58,047 .9% 8,543
Fines and Forfeits' 310,591 4.9% 15,987
Rents and Concessions 50,122 .8% 15,914
Service Charges and Fees 966,495 15.2% 99,208
Miscellaneous 236,579 3. 7% 127,727
Enterprise Fund Contributions 625,000 9.8% 318,000
$ 6,370,029 100.0% $ 537,190
i
Assessed valuations for the year were $242,014,543 which represented
a decrease of 2.9 per cent below the preceding year. Allocation of
the property tax levy by purpose for the year ended September 30, 1969,
and the preceding two fiscal years are as follows:
Purpose 1968-69 1967-68 1966-67
General Government Purposes $ 2,317,174 $ 2,848,961 $ 2,798,811
Debt Service Fund 1,982,081 1,630,537 1,643,746
Total $ 4,299,255 $ 4,479,498 $ 4,442,557
The Expenditures for General Governmental purposes totaled $6,405,910 ,
an increase of 6.5 per cent over the prior year. Increases in levels
of expenditure for major functions of the City over the preceding year
are shown in the following tabulation:
Increase
Percent Over Prior
Function Amount of Total Period
General & Administrative $ 1,063,420 16.6% $ 88,307
Finance 298,000 4.6% 43,207
Public Safety 2,152,236 33.6% 200,087
Public Works 1,665,415 26.0% 46,479
Parks and Recreation 479,702 7.5% 25,734
Planning & Traffic 575,858 9.0% 3,333
General Services 171,279 2.7% (12,802)
Total $ 6,405,910 100.0% $ 394,345
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 1968-69 fiscal year are as follows:
Ratio of Debt Ratio of Debt Debt
to Assessed to Present per
Value Market Value Capita
Net Direct
Bonded Debt $ 13,581,275 5.61% 2.80% $ 117.59
Overlapping Debt 19,248,908 7.95% 3.97% 166.66
Total $ 32,830,183 13.56% 6.77% $ 284.25
Outstanding General Obligation Bonds at September 30, 1969, totaled
$22,121,000 of which $8,036,000 were issued for water and sewer pur-
poses and are considered to be self-supporting. The remainder is
considered to be direct tax supported debt. Pages 62 and 63 of this
report present more detailed information about the debt position of
the City.
During the past year $1,181,000 of Tax Bonds were retired. On
October 29, 1968, $4,435,000 of General Obligation Bonds were sold
at an effective interest rate of 4.389 per cent. The City's Bonds
continue to have the same ratings which they have carried for the
past several years. These ratings are as follows:
Moody'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 180
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 $318,341.
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, completed projects are transferred to General
Fixed Assets. During the 1968-69 fiscal period, expenditures from
the Capital Projects Fund amounted to $3,761,873 of which $2,346,557
was construction in progress.
Authorized but unissued Bonds at September 30, 1969, totaled $4,000,000
for the purpose of Street and Drainage Projects.
Capital Project Fund balances on hand at September 30, 1969, consisted
of $455,637 in cash, $2,100,000 in certificates of deposit, and
$1,137,373 in receivables.
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,
1969, the General Fixed Assets of the City amounted to $35,635,243.
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 prior to that time. The value of those assets acquired prior
to October 1, 1963, are at stated values developed by a physical in-
ventory and appraisal. Depreciation of General Fixed Assets is not
recognized in the City's accounting system.
444
The Water and Sewer Utility fund experienced an increase in its
operations for the fiscal year. Comparative data for the past two
fiscal years are presented in the following tabulation:
1968-69 1967-68
Gross Income $ 3,069,010 $ 2,536,938
Net Income 657,537 334,434
Income Available for
Debt Service 1,879,723 1,495,999
Average Annual
Debt Service 787,636 723,798
Coverage
(Income available for
debt service divided by
average annual debt service 2.39 2.07
During the Year, $445,000 of regularly maturing Revenue Bonds were
retired in the Water and Sewer Fund. Additions to the Water and
Sewer System in the amount of $2,095,838 were financed through Bond
proceeds and operating Revenues.
The operation of the Airport for the Fiscal year ended September 30,
1969 resulted in a net income of $20,233. During the year $15,000
of regularly maturing Revenue Bonds were retired. Additions to the
Airport facilities of $7,523 were financed by operating revenues.
The City Charter requires an annual audit to be made 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.
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 express my appreciation to Mr. Joe Watts,
in contributing to its preparation. I would also 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,
err R: unn
Dir for of Finance
iv
JARRATT, COCKE & TILLERY
ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103
1130 FIRST WICHITA NATIONAL BANK BUILDING
WICHITA FALLS,TEXAS
76301
December 30, 1969
The Honorable Mayor and Board of Aldermen
of the City of Wichita Falls, Texas
We have examined the combined balance sheet of the General Fund, Partic-
ipation Paving Fund, Airport Fund, Water and Sewer Utility Fund, Debt
Service Fund, Capital Projects Funds, Trust and Agency Funds, General
Fixed Assets and General Long-Term Debt of the City of Wichita Falls,
Texas as pf September 30, 1969, and the related statements, as applicable,
of unappropriated fund balances, revenues, appropriations and expenditures,
operations, authorizations, expenditures and encumbrances and reserve for
future debt payments and supplemental schedules as of September 30, 1969
and for the year then ended (Exhibits A-1 thru A-11). Our examination was
made in accordance with generally accepted auditing standards, and accord-
ingly 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 Utility 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 Utility Fund fixed
assets was limited to a test of transactions of current year additions
and retirements.
In our opinion, the accompanying financial statements and supplemental
schedules (Exhibits A-1 thru A-11) of funds referred to in the first
paragraph, except for the General Fixed Assets balance sheet and the Water
and Sewer Utility Fund fixed asset account balances as to which we do not
express an opinion due to the reasons set forth in the preceding paragraph,
present fairly the financial position of the various funds at September 30,
1969 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, Cocke & Tillery
By: , I
ry L Til ery
C rti ed Public Account t
COMBINED FINANCIAL SECTION
Exhibit A-1
CITY OF WICHITA FALLS, TEXAS Sheet 1 of 2
Combined Balance Sheet - All Funds (Note 1)
September 30, 1969
Participation Airport
General Paving Fund
Assets and Other Debits Combined Fund Fund (Note 9)
Cash $ 796,749 $ 101,831 $ 7,355 $ 11,256
Certificates of Deposit 2,230,000
Accounts Receivable:
Taxes receivable - delinquent 1,040,436 692,942
Water, sewer and sanitation
customers 219,840
Due from other funds 257,033 133,347 1,375 34,249
Paving receivables 240,404 240,404
Due from other governmental
units (Note (6) 1,450,369 375,705
Other 47,109 34,261 1,725 6,734
Allowances for uncollectable
accounts (351,461) (232,859)
Net accounts receivable 2,903,730 1,003,396 243,504 40,983
Inventories (At average cost) 154,395 33,389
Investment - United States
Treasury Bonds - At cost 100,000
Restricted Assets - Enterprise Funds:
Cash 174,709 18,990
Certificates of deposit 2,170,000 35,000
Due from other governmental
units (Note 6) 150,000
Intra - fund receivable 27,831
Total restricted assets 2,522,540 53,990
Plant and equipment (Note 3) :
Land and improvements 38,224,637
Buildings and improvements 30,091,365 488,956
Machinery and equipment 4,973,945 31, 700
Construction work in progress 2,532,002
Total plant and equipment 75,821,949 520,656
Less allowances for depreciation 7,082,057 48,323
Net plant and equipment 68,739,892 472,333
Securities Held In Trust and Trust
Funds 10,000
Bonds Authorized and Unissued 4,000,000
Amount Available for Retirement
of Serial Bonds 264,833
Amount to be Provided for Re-
tirement of Serial Bonds 29,065,933
Totals $110,788,072 $ 1,138,616 $250,859 $578,562
( ) Denotes red figure.
The accompanying Notes to Financial Statements are an integral part of this statement.
-1-
Exhibit A-1
CITY OF WICHITA FALLS, TEXAS Sheet 1 of 2
Combined Balance Sheet - All Funds (Note 1)
September 30, 1969
Water and Debt Capital Trust and General General
Sewer Utility Service Projects Agency Funds Fixed Long-Term
Fund Fund Funds (Note 2) Assets Debt
$ 35,930 $ 24,150 $ 455,637 $ 160,590 $ $
130,000 2,100,000
347,494
219,840
3,517 8,683 71,014 4,848
1,066,328 8,336
2,358 2,000 31
(10,000) (108,602)
215,715 249,575 1,137,373 13,184
121,006
100,000
155,719
2,135,000
150,000
27,831
2,468,550
12,236,628 25,988,009
26,243,442 3,358,967
1,010,535 3,931,710
185,445 2,346,557
39,676,050 35,625,243
7,033,734
32,642,316 35,625,243
10,000
4,000,000
264,833
29,065,933
$35,483,517 $503,725 $ 7,693,010 $183,774 $35,625,243 $29,330,766
( ) Denotes red figure.
The accompanying Notes to Financial Statements are an integral part of this statement.
-1-
Exhibit A-1
CITY OF WICHITA FALLS, TEXAS Sheet 2 of 2
Combined Balance Sheet - All Funds (Note 1)
September 30, 1969
Participation Airport
Liabilities, Reserves, Fund General Paving Fund
Balances and Retained Earnings Combined Fund Fund (Note 9)
Liabilities:
Accounts payable $ 448,005 $ 119,070 $ 11,443 $ 91
Due to other funds 257,033 39,333 76,157 59
Intra-fund payable 27,831
Due to other governmental
units 114,108
Accrued interest-notes pay-
able to bank 12,714 12,714
Accrued interest-revenue
bonds 80,925 8,049
Interest payable-general
obligation bonds, including
$936,476 due in next fiscal
year (Note 1) 7,209,766
Notes payable-bank (Note 4) 635,000 635,000
General obligation bonds pay-
able-serial, including
$1,178,000 due in next
fiscal year (Note 1) 22,121,000
Revenue bonds payable-serial,
including $560,000 due in
next fiscal year 11,805,000 440,000
Consumer deposits 251,702
Refunding contracts with
respect to certain fa-
cilities (Note 5) 706,066
Other-advance payments, etc. 52,355 48,630
Contracts and committments
(Note 10)
Total Liabilities 43,721,505 806,117 136,230 448,199
Reserves, Fund Balances and
Retained Earnings:
Reserve for encumbrances 2,113,207 50,968
Reserve for capital improve-
ments 66,323 66,323
Reserve for rebates, etc. 6,749 3,092 3,657
Investment in general fixed
assets 35,625 ,243
Fund Balances 6,226,551 212,116 110,972
Retained earnings 23,028,494 130,363
Totals $110,788,072 $1,138,616 $250,859 $578,562
The accompanying Notes to Financial Statements are an integral part of this statement.
-2-
Exhibit A-1
CITY OF WICHITA FALLS, TEXAS Sheet 2 of 2
Combined Balance Sheet - All Funds (Note 1)
September 30, 1969
Water and Debt Capital Trust and General General
Sewer Utility Service Projects Agency Funds Fixed Long-Term
Fund Fund Funds (Note 2) Assets Debt
$ 68,391 $ $ 238,736 $ 10,274 $ $
89,795 4,836 46,853
27,831
114,108
72,876
7,209,766
22,121,000
11,365,000
251,702
706,066
3,725
12,585,386 243,572 171,235 29,330,766
2,062,239
35,625,243
503,725 5,387,199 12,539
22,898,131
$ 35,483,517 $503,725 $7,693,010 $183,774 $35,625,243 $29,330,766
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, 1969
Participation
General Paving Airport
Total Fund Fund Fund
Balance, October 1, 1968 $30,632,834 $ 190,888 $213,531 $110,130
Additions:
Net income for year 677,770 20,233
Revenues 8,537,497 6,370,029
Net revenues and expenditures (184,559) (184,559)
Contributions from general fund 127,100 82,000
Contributions in aid of con-
struction (Note 5) 128,415
Grants-in-aid- U. S. Government
(Note 6) 2,078,032
Reserve for encumbrances,
October 1, 1968 2,199,139 108,077
44,196,228 6,668,994 110,972 130,363
Deductions:
Expenditures 12,202,976 6,405,910 ,
Transfer to general fund
(Note 8) 625,000
Reserve for encumbrances,
September 30, 1969 2,113,207 50,968
14,941,183 6,456,878 -0- -0-
Balance, September 30, 1969 $29,255,045 $ 212,116 $110,972 $130,363
( ) Denotes red figure .
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 Regained Earnings
By Fund (Note 1)
For the Year Ended September 30, 1969
later and Debt Capital Trust and General General
;ewer Utility Service Projects Agency Fixed Long-Term
'und Fund Funds Funds Assets Debt
21,237,179 $ 423,755 $ 8,426,456 .$ 30,895 $ -0- $ -0-
657,537
2,017,675 149,793
35,100 10,000
128,415
1,500,000 510,000 68,032
2,089,962 1,100
23,523,131 2,441,430. 11,211,311 110,027 -0- -0-
1,937,705 3,761,873 97,488
625,000
2,062,239
625,000 1,937,705 5,824,112 97,488 -0- -0-
$22,898,131 $503,725 $5,387,199 $ 12,539 $ -0- $ -0-
( ) Denotes red figure.
The accompanying Notes to Financial Statements are an integral part of this statement.
-3-
CITY OF WICHITA FALLS, TEXAS Exhibit A-3
General Fund Revenues (Note 1)
For the Year Ended September 30, 1969
Taxes:
Ad valorem taxes:
Current $ 2,317,016
Interest and penalties 49,074
Sales Taxes 1,287,078
Other 19,247 $ 3,672,415
Street Rental Charges 450,780
Sanitation Service 738,955
Fines and Forfeitures:
Corporation court 173,231
Library 8,453 181,684
Parking Meter Revenue 128,907
Licenses, Permits, Reports, Etc. 58,047
Service Charges and Fees:
Tax collection fees 111,067
Golf and recreation fees 72,310
Other 44,163 227,540
Revenue From Use Of Money And Property:
Rentals and concessions 50,122
Interest 6,220 56,342
School Nurse Program 47,000
Transfers From Water and Sewer Utility Fund
(Note 8) 625,000
Other Revenues:
Sale of fixed assets 122,846
Miscellaneous 60,513 183,359
$ 6,370,029
The accompanying Notes to Financial Statements are an integral part of
this statement.
-4-
CITY OF WICHITA FALLS, TEXAS Exhibit A-4
Statement of Appropriations And Expenditures - General Fund (Note 1)
For The Year Ended September 30, 1969
Authorization
Reserve For
Encumbrances
Appropriations Outstanding
(After At Beginning
Revisions) Of Year Total
Mayor and Board of Aldermen $ 19,040 $ 23 $ 19,063
General Administration 79 ,873 79,873
Legal and City Clerk 66,566 66,566
Personnel 28,670 28,670
Data Processing 119,156 119,156
Library 106,839 1,432 108,271
Health 244,848 102 244,950
Finance 94,665 10,085 104,750
Tax 130,835 163 130,998
Corporation Court 56,317 56,317
Police 1,112,437 989 1,113,426
Fire 968,671 1,746 970,417
Fire Marshal 39,109 39,109
Public Safety 39,268 8 39,276
Animal Control 26,167 26,167
Engineering 155,401 155,401
Inspection 57,700 57,700
Property Agent 17,580 877 18,457
Street Maintenance 565,266 22,755 588,021
Sanitation 726,324 165 726,489
Parks and Recreation 345,518 357 345,875
Golf 79,475 20 79,495
Cemetery 41,806 41,806
Planning 72,773 8 72,781
Traffic 279,258 38,051 317,309
Street Lighting 165,000 165,000
Parking meters 35,692 30,476 66,168
Building Maintenance 96,878 60 96,938
Auditorium Services 30,664 200 30,864
Purchasing 19,871 19,871
Information Center 29,074 29,074
Special Items:
Stability, etc. payroll 66,750 66,750
Interest 50,000 50,000
Wichita General Hospital 80,000 80,000
Water Improvement District #2 75,000 75,000
Contribution to other funds 35,100 35,100
Others 92,476 560 93,036
$6,250,067 $ 108,077 $6,358,144
( ) Denotes red figure.
The accompanying Notes to Financial Statements are an integral part of this
statement.
_c_
CITY OF WICHITA FALLS, TEXAS Exhibit A-4
Statement of Appropriations And Expenditures - General Fund (Note 1)
For The Year Ended September 30, 1969
Encumbrances
Total Outstanding
Expenditures Unexpended At Close (Over)
For The Year Balance Of Year Under
$ 20,094 $( 1,031) $ 205 $( 1,236)
84,968 ( 5,095) ( 5,095)
71,700 (_5,134) ( 5,134)
32,935 ( 4,265) ( 4,265)
136,204 (17,048) 84 (17,132)
96,715 11,556 77 11,479
247,479 ( 2,529) 139 ( 2,668)
115,635 (10,885) (10,885)
125,279 5,719 337 5,382
57,086 ( 769) ( 769)
1,083,823 29,603 275 29,328
962,764 7,653 500 7,153
39,346 ( 237) ( 237)
39,033 243 1,076 ( 833)
27,270 ( 1,103) ( 1,103)
154,354 1,047 4 1,043
56,466 1,234 1,234.
18,644 ( 187) 875 ( 1,062)
596,188 ( 8,167) 34,688 (42,855)
839,763 (113,274) 128 (113,402)
367,044 ( 21,169) 972 ( 22,141)
73,187 6,308 163 6,145
39,471 2,335 41 2,294
70,003 2,778 2,778
268,457 48,852 7,423 41,429
170,877 ( 5,877) ( 5,877)
66,521 ( 353) 492 ( 845)
93,303 3,635 748 2,887
29,813 1,051 1,051
20,847 ( 976) ( 976)
27,316 1,758 21 1,737
89,114 (22,364) (22,364)
30,463 19,537 19,537
80,000 -0- -0-
75,000 -0- -0-
35,100 -0- -0-
63,648 29,388 2,720 26,668
$6,405,910 $( 47,766) $50,968 $( 98,734)
( ) Denotes red figure
The accompanying Notes to Financial Statements are an integral part of this
statement.
II
CITY OF WICHITA FALLS, TEXAS Exhibit A-5 II
Statement of Expenditures - General Fund (Notes 1 and 7)
For The Year Ended September 30, 1969 I
Employee
Insurance , IISalaries Retirement Supplies
And And And
Wages Payroll Taxes Materials '
Mayor and Board of Aldermen $ '1,020 $ $ 726 II
General Administration 60,838 3,870 4,512
Legal and City Clerk 50,871 4,122 2,762 IIPersonnel 22,580 2,187 2,353
Data Processing 63,650 5,691 13,427
Library 50,686 5,149 4,566
Health 185,096 16,672 25,149 II
Finance 56,359 5,269 3,344
Tax 94,191 9,546 7,175 '
Corporation Court 46,784 4,198 2,921
Police 857,139 48,978 61,514
Fire 822,158 65,597 17,558
Fire Marshal 29,820 2,951 1,809 IIPublic Safety 30,439 2,655 2,144
Animal Control 17,538 1,827 2,804
Engineering 120,454 10,362 8,461 IIInspection 45,086 4,233 2,267
Property Agent 14,565 939 1,691
Street Maintenance 236,435' 24,408 28,861
Sanitation 488,163 48,597 54,446 I
Parks and Recreation 233,544 22,407 29,747
Golf 35,523 3,467 8,088
Cemetery 28,947 2,970 2,444 I
Planning 59,004 4,909 2,555
Traffic 120,965 11,169 42,475
Street Lighting IIParking Meters 26,371 2,757 2,553
Building Maintenance 42,595 4,414 3,999
Auditorium Services 24,797 2,511 964
Purchasing 15,783 1,618 1,669
Central Garage 165,290 15,895 8,236
Information Center 22,128 2,090 915
Special Items:
Stability, etc. Payroll 89,114
Interest
Wichita General Hospital
Water Improvement District #2
Contribution to other funds
Others
$ 4,157,933 $ 341,458 $ 352,135
1
( ) Denotes red figure.
The accompanying Notes to Financial Statements are an integral part of this statement.
CITY OF WICHITA FALLS, TEXAS Exhibit A-5
Statement of Expenditures - General Fund (Notes 1 and 7)
For The Year Ended September 30, 1969
Utilities, Other Total
Rentals, Insurance Changes Expenditures
Outside And Capital And For The
!Kaintenance Services, Etc. Miscellaneous Expenditures (Credits) Year
$ $ 18,089 $ 259 $ $ $ 20,094
645 12,636 516 1,951 84,968
157 12,431 119 1,238 71,700
101 5,711 3 32,935
312 118,722 2 ( 65,600) 136,204
2,142 11,356 1,451. 21,365 96,715
4,340 11,923 640 3,659 247,479
78 50,433 152 115,635
655 13,105 248 359 125,279
272 2,805 106 57,086
37,022 31,664 5,153 42,353 1,083,823
8,039 44,081 2,922 2,409 962,764
1,354 853 326 2,233 39,346
609 3,042 112 32 39,033
2,572 561 354 1,614 27,270
3,998 4,414 1,149 5,516 154,354
1,147 1,439 490 1,804 56,466
181 1,103 165 18,644
178,988 5,248 5,568 116,680 596,188
178,891 3,759 10,319 55,588 839,763
33,715 25,029 4,441 18,161 367,044
4,815 5,986 1,004 14,304 73,187
3,978 955 177 39,471
455 2,884 196 70,003
18,708 38,708 2,585 33,847 268,457
4,096 166,781 170,877
1,641 766 331 32,102 66,521
7,524 26,423 7,627 721 93,303
361 897 14 269 29,813
35 1,724 18 20,847
9,664 5,044 963 1,371 ( 206,463) -0-
97 1,982 104 27,316
89,114
30,463 30,463
80,000 80,000
75,000 75,000
35,100 35,100
9,902 8,154 2,438 43,154 63,648
516,494 $ 638,708 $ 47,514 $ 360,014 $( 8,346) $ 6,405,910
( ) Denotes red figure.
Ifie accompanying Notes to Financial Statements are an integral part of this statement.
-6-
CITY OF WICHITA FALLS, TEXAS Exhibit A-6
Statement of Operations - Water And Sewer Utility Fund (Note 1)
For The Year Ended September 30, 1969
Operating Revenues:
Water Service $ 2,505,016
Sewer Service 461,098
Other operating 102,896
Total Operating Revenues $ 3,069,010
Operating Expenses:
Salaries and Wages 685,830
Payroll taxes 31,324
Supplies and Materials 201,220
Maintenance 140,706
Rentals, Insurance, Utilities, etc. 136,128
Employee Insurance and Retirement
(Note 7) 35,877
Data Processing 65,600
Miscellaneous 11,127
Total Operating Expenses 1,307,812
Operating Profits Before De-
preciation 1,761,198
Depreciation (Note 3) 770,890
Operating Profits After De-
preciation 990,308
Other Income - Interest 119,117
1,109,425
Other Charges:
Interest On Revenue Bonds, etc. 451,3Q1
Paying Agents'Fees 587
Total Other Charges 451,888
Net Income For The Year $ 657,537
The accompanying Notes to Financial Statements are an integral part of
this statement.
-7-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Statement of Operations - Airport Fund (Note 1)
For The Year Ended September 30, 1969
Operating Revenues $ 111,148
Maintenance And Operating Expenses:
Salaries and Wages $ 29,638
Supplies and Materials 2,344
Maintenance 4,824
Rentals 5,493
Insurance 1,870
Utilities and Telephone 11,975
Employee Insurance and Retirement
(Note 7) 1,432
Social Security 1,329
Miscellaneous 1502 60,407
50,741
Other Income - Interest 1,156
51,897
Other Charges:
Interest on Revenue Bonds 17,589
Depreciation (Note 3) 13,403
Loss on Disposal of Capital Assets 630
Paying Agent's Fees 42 31,664
Net Income For The Year $ 20,233
The accompanying Notes to Financial Statements are an integral part of
this statement
-8-
CITY OF WICHITA FALLS, TEXAS Exhibit A-8
Statement Of Authorizations, Expenditures And Encumbrances
Capital Projects Funds (Note 1)
September 30, 1969
Waterworks Series 1963 And
Improvement
Bonds Fire
Total 1959 Station Library
Amount Appropriated - Bonds
Authorized $20,800,000 $ 4,000,000 $ 250,000 $ 250,000
Additions - Net:
Prior Years 703,210 109,491 3,570 61,872
Current Year:
Interest on Certificates
of Deposit 149,793 9,123
Contributions from other
Governmental Agencies
(Note 6) 510,000
Contribution from General
Fund 35,100
22,198,103 4,118,614 253,570 311,872
Less Expenditures:
Prior Years 10,986,792 3,934,178 253,260 307,400
Current Year 3,761,873 70,815 481
14,748,665 4,004,993 253,260 307,881
Unexpended Balance 7,449,438 113,621 310 3,991
Less-Reserve For Encumbrances
September 30, 1969 2,062,239
Balances, September 30, 1969 $ 5,387,199 $ 113,621 $ 310 $ 3,991
I
ij
r
I �
The accompanying Notes to Financial Statements are an integral part of this statement.
-9-
CITY OF WICHITA FALLS, TEXAS Exhibit A-8
Statement of Authorizations, Expenditures And Encumbrances
Capital Projects Funds (Note 1)
September 30, 1969
1964 Bonds Series 1967 And 1968 Bonds
Street And Park Health Street And
Police Storm Bonds Unit Fire Storm
Station Drainage 1963 Building Station Drainage
$ 750,000 $ 3,795,000 $ 320,000 $ 390,000 $ 375,000 $ 10,670,000
26,262 409,782 14,370 14,621 11,324 51,918
17,732 9,483 113,455
510,000
35,100
776,262 4,204,782 334,370 932,353 430,907 10,835,373
774,142 4,085,796 332,670 27,543 49,808 1,221,995
1,624 108,651 1,700 110,122 380,967 3,087,513
775,766 4,194,447 334,370 137,665 430,775 4:309,508
496 10,335 -0- 794,688 132 6,525,865
672,997 1,389,242
$ 496 $ 10,335 $ -0- $ 121,691 $ 132 $ 5,136,623
The accompanying Notes to Financial Statements are an integral part of this statement.
-9-
CITY OF WICHITA FALLS, TEXAS Exhibit A-9
Statement Of Reserve For Future Debt Payments - Debt Service Fund (Note 1)
For The Year Ended September 30, 1969
Balance, October 1, 1968 $ 423,755
Add - Revenues:
Property taxes (Less Allowance For
Estimated Losses of $6,462) $ 1,975,619
Interest On Certificates Of Deposit 38,056
Interest On Investment 4,000 2,017,675
2,441,430
Deduct - Expenditures (Note):
General Serial Bond Maturities 1,181,000
Interest On General Obligation Bonds 754,532
Paying Agents' Fees 2,173 1,937,705
Balance, September 30, 1969 $ 503,725
Note - Expenditures were in the same amount as revised appropriations for
the year ended September 30, 1969 and there were no encumbrances
outstanding at the beginning or end of the fiscal year.
The accompanying Notes to Financial Statements are an integral part of
this statement.
-10-
1
CITY OF WICHITA FALLS, TEXAS Exhibit A-10 I
Schedule Of Bonded Debt And Interest Maturities (Note 1)
September 30, 1969 I
General Obligation Bonds Water And
Serial Interest Total Bonds Serial
Fiscal Bond On And Bond 11
Period Maturities Bonds Interest Maturities
1970 $ 1,178,000 $ 936,476 $ 2,114,476 $ 545,000
1971 1,398,000 782,721 2,180,721 545,000
1972 1,470,000 722,575 2,192,575 550,000
1973 1,522,000 659,353 2,181,353 550,000
1974 1,532,000 599,508 2,131,508 550,000
1975 1,566,000 543,281 2,109,281 550,000
1976 1,266,000 489,879 1,755,879 550,000
1977 1,274,000 440,329 1,714,329 550,0004
1978 1,275,000 391,625 1,666,625 575,000
1979 1,276,000 342,748 1,618,748 575,000
1980 1,081,000 293,387 1,374,387 575,000
1981 1,084,000 252,391 1,3%091 580,000
1982 . 1,086,000 211,011 1,297,011 580,000
1983 1,093,000 169,322 1,262,322 580,000
1984 1,095,000 128,255 1,223,255 580,000
1985 930,000 96,525 1,026,525 580,000
1986 632,000 69,800 701,800 580,000
1987 635,000 42,330 677,330 580,000
1988 420,000 26,310 446,310 580,000
1989 308,000 11,940 319,940 230,000 I
1990 230,000
1991 150,000
$22,121,000 $ 7,209,766 $29,330,766 $11,365,000 I
I
14
I
q
II
The accompanying Notes to Financial Statements are an integral part of this statement. II
I
CITY OF WICHITA FALLS, TEXAS Exhibit A-10
Schedule Of Bonded Debt And Interest Maturities (Note 1)
September 30, 1969
Sewer Revenue Bonds Airport Revenue Bonds
Interest Total Bonds Serial Interest Total Bonds
On And Bond On And
Bonds Interest Maturities Bonds Interest Total
$ 430,131 $ 975,131 $ 15,000 $ 17,575 $ 32,575 $ 3,122,182
402,881 947,881 20,000 16,938 36,938 3,165,540
376,656 926,656 20,000 16,188 36,188 3,155,419
353,656 903,656 25,000 . 15,438 40,438 3,125,447
330,844 880,844 25,000 14,513 39,513 3,051,865
308,165 858,165 25,000 13,588 38,588 3,006,034
286,215 836,215 25,000 12,613 37,613 2,629,707 .
264,265 814,265 25,000 11,638 36,638 2,565,232
241,784 816,784 25,000 10,662 35,662 2,519,071
218,771 793,771 25,000 9,687 34,687 2,447,206
196,321 771,321 30,000 8,712 38,712 2,184,420
175,403 755,403 30,000 7,487 37,487 2,129,281
154,115 734,115 30,000 6,262 36,262 2,067,388
132,710 712,710 30,000 5,037 35,037 2,010,069
111,248 691,248 30,000 3,812 33,812 1,948,315
89,499 669,499 20,000 2,250 22,250 1,718,274
67,511 647,511 20,000 1,350 21,350 1,370,661
45,524 625,524 20,000 450 20,450 1,323,304
25,376 605,376 1,051,686
13,521 243,521 563,461
6,096 236,096 236,096
3,019 153,019 153,019
$ 4,233,711 $15,598,711 $ 440,000 $ 174,200 $ 614,200 $45,543,677
The accompanying Notes to Financial Statements are an integral part of this statement.
-11-
CITY OF WICHITA FALLS, TEXAS Exhibit A-11
Schedule Of Bonds Authorized - Unissued (Note 1)
Capital Projects Funds And Water And Enterprise Funds
September 30, 1969
Authorized
Date Amount
General Obligation - Capital Projects Funds
Street And Storm Drainage Bonds 9/28/67 $ 10,670,000
$ 10,670,000
001/
Note: There are no bonds authorized and unissued
for the enterprise funds.
1,00
11100
The accompanying Notes to Financial Statements are an integral part of
this statement.
0001
1
CITY OF WICHITA FALLS, TEXAS Exhibit A-11
Schedule Of Bonds Authorized - Unissued ( Note 1)
Capital Projects Funds And Water And Enterprise Funds
September 30, 1969
Issued Amount
Date Amount Unissued
1968 $ 2,235,000
12/1/68 4,435,000 $ 4,000,000
$ 6,670,000 $ 4,000,000
Note: There are no bonds authorized and unissued
for the enterprise funds.
The accompanying Notes to Financial Statements are an integral part
of this statement.
-12-
CITY OF WICHITA FALLS, TEXAS
Notes To Financial Statements
September 30, 1969
1. Basis of Accounting:
The accompanying financial statements have been prepared generally
on the accrual basis, except certain revenues which have been con-
sistently stated on the cash basis, these revenues aggregate ap-
proximately $875,000 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 in-
terest 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 similar capacity
during its existence and currently serves as collector and as
custodian of delinquent tax records for successors to the former
district.
Taxes levied for the school district uncollected at September 30,
1969 amounted to $1,031,482, and delinquent taxes due the college
district at that date amounted to $61,450. These uncollected
balances are not reflected in the Trust and Agency Fund balance
sheet at September 30, 1969.
3. Fixed Assets and Depreciation:
Fixed assets, including water and sewer utility 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 Utility Fund and the Airport Fund. Depreciation is com-
puted 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:
Water and Sewer Utility Fund $ 770,890
Airport Fund 13,403
$ 784,293
-13-
CITY OF WICHITA FALLS, TEXAS Page 2
Notes to Financial Statements - Continued
4. Notes Payable to Banks:
At September 30, 1969, the City had short term notes payable to
bank outstanding as follows:
Interest Due
Rates Dates Amount
6.00% November 1, 1969 $ 130,000
6.00% November 15, 1969 75,000
6.00% November 29, 1969 80,000
6.04% March 31, 1970 350,000
$ 635,000
5. Refunding Contracts:
Prior to March 30, 1964, when the practice was discontinued by
action of the City Council, the City entered into agreements with
real estate development contractors whereby the City would refund,
from a portion of the revenues from the specific utility proper-
ties, part of the costs of the facilities. Except for this re-
demption provision, all of the costs of the facilities are 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 $75,491 during the current fiscal
year and will approximate this same amount next fiscal year.
Time expiring unpaid contract balances are written-off to retained
earnings as contributions, and $54,937 of the $128,415 (contri-
bution in aid of construction) represents current year expired
contract balances.
6. Federal Grants :
During 1966, the City applied for and was granted a $1,500,000
Federal grant for water transmission line facilities. The Water
and Sewer Utility Fund recorded this grant during the current
fiscal year and had received all grant monies, except for $150,000
recorded as a receivable at September 30, 1969 and subsequently
collected.
The City applied for and was granted a $450,000 Federal grant for
hospital and medical facilities (Wichita City-County Health Unit) .
This along with a $60,000 appropriation by the county is recorded
as a receivable at September 30, 1969, in the Capital Projects
Funds (Health Unit Building).
-14-
CITY OF WICHITA FALLS, TEXAS Page 3
Notes to Financial Statements - Concluded
7. Employee Retirement:
Eligible City employees are covered by the Texas Municipal Re-
tirement Systems. Contributions by the City are based on per-
centages of salaries and wages and there is no past service
liability.
City contributions charged to operations, during the current
fiscal year, were as follows:
General Fund $ 151,232
Water and Sewer Utility Fund 22,681
Airport Fund 872
$ 174,785
8. Transfers of Surplus Utility Funds :
During the year, $625,000 of surplus funds of the water and sewer
utility operating funds 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 Utility Fund in compliance with existing ordinances
governing such transfers and in conformance with excess revenue
provisions of the pertinent revenue bond indentures.
9. Airport Lease:
The airport facilities acquired in 1964, with funds from the sale
of City of Wichita Falls Airport Revenue Bonds, Series 1964, are
situated on land at Sheppard Field Air Base leased from the De-
partment of the Air Force at a cost of $1.00 per year for a peri-
od of fifty years beginning May 15, 1959 and expiring May 14, 2009.
10. Contracts and Commitments:
During the current year, by agreement, the City became contingently
liable as endorser of a $400,000 note payable made by the Wichita
Falls General Hospital to a bank for purchase of land.
-15-
GENERAL FUND
filimmimammo,
' JARRATT, COCK & TILLERY
ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103
1130 FIRST WICHITA NATIONAL BANK BUILDING
WICHITA FALLS,TEXAS
76301
December 31, 1969
I
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, 1969, on which we have rendered our opinion dated
December 30, 1969 (included elsewhere in this Annual Report) ,
also comprehended the supplemental schedules, contained in the
balance of this report (Exhibits B thru J) , except for the Gen-
eral Fixed Asset Fund, Water and Sewer Utility Fund fixed asset
balances and the Statistical Section, as of September 30, 1969,
and for the year then ended.
■
In our opinion, such supplemental schedules (Exhibits B thru J),
except for the General Fixed Asset Fund, Water and Sewer Utility
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
1
By:
ry Til ry
P C rti ied Public Accountant
U
-16-
CITY OF WICHITA FALLS, TEXAS Exbihit B-1
General Fund
Balance Sheet
September 30, 1969
Assets
Cash ( Exhibit B-9 ) $ $ 101,831
Accounts Receivable:
Taxes Receivable-Delinquent (Exhibits B-6 & B-7) 692,942
Due From Other Funds 133,347
Due From Other Governmental Units (Note) 375,705
Other 34,261
Allowances For Uncollectible Accounts (Exhibit B-7) (232,859) 1,003,396
Inventories 33,389
Total Assets $1,138,616
Liabilities, Reserves, And Fund Balance
Liabilities:
Accounts Payable $ 119,070
Due To Other Funds 39,333
Accrued Interest - Notes Payable To Bank 12,714
Notes Payable - Bank (Exhibit B-8) 635,000 $ 806,117
Reserves:
For Encumbrances (Exhibit B-4) 50,968
For Capital Improvements 66,323
Rebates, Etc. 3,092 120,383
Fund Balance (Exhibit B-2) 212,116
Total $1, 138,616
Note - $347, 746 of the amount due from other governmental units is
sales taxes receivable due from the State of Texas
-17-
CITY OF WICHITA FALLS, TEXAS Exhibit B-2
General Fund
Statement of Fund Balance
For The Year Ended September 30, 1969
Balance; October 1, 1968 $ 190,888
Additions:
Revenues (Exhibit B-3) 6,370,029
Reserve For Encumbrances, October 1, 1968
(Exhibit B-4) 108,077
$6,668,994.
Deductions:
Expenditures (Exhibits B-4 and B-5) 6,405,910
Reserve For Encumbrances, September 30, 1969
(Exhibit B-4) 50,968
$6,456,878
Balance, September 30, 1969 $ 212,116
-18-
CITY OF WICHITA FALLS] TEXAS Exhibit B-3
General Fund
Revenues - Estimated And Actual
For The Year Ended September 30, 1969
Actual
Over (Under)
Estimated Actual Estimated
Taxes:
Ad Valorem Taxes: $ $ $
Current 2,291,452 2,317,016 25,564
Interest And Penalties 45,000 49,074 4,074
Sales Taxes 1,216,000 1,287,078 71,078
Other 17,500 19,247 1,747
Street Rental Charges 452,000 450,780 (1,220)
Sanitation Services 724,682 738,955 14,273
Fines And Forfeitures:
Corporation Court 190,000 173,231 (16,769)
Library 6,000 8,453 2,453
Parking Meter Revenue 130,250 128,907 (1,343)
Licenses, Permits, Reports, Etc. 67,100 58,047 (9,053)
Service Charges And Fees:
Tax Collection Fees 112,000 111,067 ( 933)
Golf And Recreation Fees 83,850 72,310 (11,540)
Other 38,500 44,163 5,663
Revenue From Use Of Money And Property:
Rentals And Concessions 51,480 50,122 (1,358)
Interest 5,000 6,220 1,220
School Nurse Program 47,000 47,000 -0-
Transfers From Water & Sewer Utility Fund 700,000 625,000 (75,000)
Other Revenues:
Sale Of Fixed Assets 112,000 122,846 10,846
Miscellaneous 25,600 60,513 34,913
$6,315,414 $6,370,029 $ 54,615
-19-
CITY OF WICHITA FALLS, TEXAS Exhibit B-4
General Fund
Statement of Appropriations And Expenditures
For The Year Ended September 30, 1969
Encumbrances
Total Outstanding
Expenditures Unexpended At Close (Over)
For The Year Balance Of Year Under.
$ 20,094 $( 1,031) $ 205 $( 1,236)
84,968 ( 5,095) ( 5,095)
71,700 ( 5,134) ( 5,134)
32,935 ( 4,265) ( 4,265)
136,204 ( 17,048) 84 ( 17,132)
96,715 11,556 77 11,479
247,479 ( 2,529) 139 ( 2,668)
115,635. ( 10,885) ( 10,885)
125,279 5,719 337 5,382
57,086 ( 769) ( 769)
1,083,823 29,603 275 29,328
962,764 7,653 500 7,153
39,346 ( 237) ( 237)
39,033 243 1,076 ( 833)
27,270 ( 1,103) ( 1,103)
154,354 1,047 4 1,043
56,466 1,234 1,234
18,644 ( 187) 875 ( 1,062)
596,188 ( 8,167) 34,688 ( 42,855)
839,763 (113,274) 128 (113,402)
367,044 ( 21,169) 972 ( 22,141)
73,187 6,308 163 6,145
39,471 2,335 41 2,294
70,003 2,778 2,778
268,457 48,852 7,423 41,429
170,877 ( 5,877) ( 5,877)
66,521 ( 353) 492 ( 845)
93,303 3,635 748 2,887
29,813 1,051 1,051
20,847 ( 976) ( 976)
27,316 1,758 21 1,737
89,114 ( 22,364) ( 22,364)
30,463 19,537 19,537
80,000 -0- -0-
75,000 -0- -0-
35,100 -0- -0-
63,648 29,388 2,720 26,668
$6,405,910 $( 47,766) $50,968 $( 98,734)
( ) Denotes red figure
-20-
CITY OF WICHITA FALLS, TEXAS Exhibit B-5
General Fund
Statement of Expenditures
For The Year Ended September 30, 1969
Employee
Insurance
Salaries Retirement Supplies
And And And
Wages Payroll Taxes Materials
Mayor and Board of Aldermen' $ 1,020 $ $ 726
General Administration. 60,838 3,870 4,512
Legal and City Clerk) 50,871Y 4,122 2,762
Personnel 4 22,580 2,187 2,353
Data Processing S 63,650 5,691 13,427
Library I. 50,686 5,149 4,566
Health 's 185,096 .16,672 25,149
Finance 1 56,359 5,269 3,344
Tax 94,191 9,546 7,175
Corporation Court 46,784 4,198 2,921
Police 857,139 48,978 61,514
Fire 822,158 65,597 17,558
Fire Marshal 29,820 2,951 1,809
Public Safety 30,439 2,655 2,144
Animal Control 17,538 1,827 2,804
Engineering 120,454 10,362 8,461
Inspection 45,086 4,233 2,267
Property Agent 14,565 939 1,691
Street Maintenance 236,435 24,408 28,861
Sanitation 488,163 48,597 54,446
Parks and Recreation 233,544 22,407 29,747
Golf 35,523 3,467 8,088
Cemetery 28,947 2,970 2,444
Planning 59,004 4,909 2,555
Traffic 120,965 11,169 42,475
Street Lighting
Parking Meters 26,371 2,757 2,553
Building Maintenance 42,595 4,414 3,999
Auditorium Services 24,797 2,511 964
Purchasing 15,783 1,618 1,669
Central Garage 165,290 15,895 8,236
Information Center 22,128 2,090 915
Special Items:
Stability, etc. Payroll 89,114
Interest
Wichita General Hospital
Water Improvement District #2
Contribution to other funds
Others
$4,157,933 $341,458 $ 352,135
( ) Denotes red figure
CITY OF WICHITA FALLS, TEXAS Exhibit B-5
General Fund
Statement of Expenditures
For The Year Ended September, 30, 1969
Utilities, Other Total
Rentals, Insurance Changes Expenditures
Outside And Capital And For The
Maintenance Services, Etc. Miscellaneous Expenditures (Credits) Year
$ $ 18,089 $ 259 $ $ $ 20,094
645 12,636 516 1,951 84,968;4
157 12,431 119 1,238 71,700.. .
101 5,711 3 32,935..
312 118,722 2 ( 65,600) 136,204 •
2142 11,356 1451 21,365 96,7150
4340 11,923 640 3,659 247,4790
78 50,433 152 115,635-
655 13,105 248 359 125,279
272 2,805 106 57,086
37,022 31,664 5,153 42,353 1,083,823
8,039 44,081 2,922 2,409 962,764
1,354 853 326 2,233 39,346
609 3,042 112 32 39,033
2,572 561 354 1,614 27,270
3,998 4,414 1,149 5,516 154,354
1,147 1,439 490 1,804 56,466
181 1,103 165 18,644
178,988 5,248 5,568 116,680 596,188
178,891 3,759 10,319 55,588 839,763
33,715 25,029 4,441 18,161 367,044
4,815 5,986 1,004 14,304 73,187
3,978 955 177 39,471
455 2,884 196 70,003
18,708 38,708 2,585 33,847 268,457
4,096 166,781 170,877
1,641 766 331 32,102 66,521
7,524 26,423 7,627 721 93,303
361 897 14 269 29,813
35 1,724 18 20,847
9,664 5,044 963 1,371 (206,463) -0-
97 1,982 104 27,316
89,114✓
30,463 30,463
80,000 80,000
75,000 75,000se
35,100 35,100
9,902 8,154 2,438 43,154 63,648
516,494 $ 638,708 $ 47,514 $ 360,014 $( 8,346) $ 6,405,910
) Denotes red figure
-21-
CITY OF WICHITA FALLS, TEXAS Exhibit B-6
General Fund
Changes In Taxes Receivable
For The Year Ended September 30, 1969
Delinquent Current
Taxes Taxes Total
Balance, October 1, 1968 $775,920 $ -0- $ 775,920
Additions:
Taxes Levied 2,321,935 2,321,935
Transfer From Current 94,038 94,038
869,958 2,321,935 3,191,893
Deductions:
Collections 113,419 2,225,881 2,339,300
Transfer To Delinquent 94,038 94,038
Adjustments, Write-Offs, etc. 63,597 2,016 65,613
177,016 2,321,935 2,498,951
Balances, September 30, 1969 $692,942 $ -0- $ 692,942
-22-
CITY OF WICHITA FALLS, TEXAS Exhibit B-7
General Fund
Aged Schedule Of Taxes Receivable
September 30, 1969
Fiscal Year Amount
1954 and prior $ 23,122
1955 - 1956 6,139
1956 - 1957 6,823
1957 - 1958 8,784
1958 - 1959 15,934
1959 - 1960 •
21,761
1960 - 1961 28,034
1961 - 1962 32,878
1962 - 1963 40,528
1963 - 1964 49,354
1964 - 1965 63,327
1965 - 1966 79,353
1966 - 1967 101,256
1967 - 1968 121,611
1968 - 1969 94,038
Gross Taxes Receivable 692,942
Allowance For Uncollectible Taxes Receivable (226,157)
Net Taxes Receivable $ 466,785
-23-
CITY OF WICHITA FALLS, TEXAS Exhibit B-8
General Fund
Schedule of Notes Payable
September 30, 1969
Interest Due
Payable To Rates Dates Amount
City National Bank - Wichita Falls 6.00% 11- 1-69 $130,000
City National Bank - Wichita Falls 6.00% 11-15-69 75,000
City National Bank - Wichita Falls 6.00% 11-29-69 80,000
City National Bank - Wichita Falls 6.04% 3-31-70 350,000
$635,000
-24-
CITY OF WICHITA FALLS, TEXAS Exhibit B-9
General Fund
Statement of Cash Receipts and Disbursements
For The Year Ended September 30, 1969
Balance, October 1, 1968:
Cash In Bank - Demand Deposits $ 43,059 $
Cash On Hand 770 43,829
Receipts:
General Revenues 2,319,446
From Tax Collections - Ad Valorem Taxes
Current and Non-Current 2,325,785
Transfers From Water and Sewer Utility Fund 625,000
Sales Taxes Receivable 306,872
Accounts Receivable, Including Other Funds 475,631
Sanitation Service 724,645'
Sale Of Assets 399,751
Expenditure Reimbursement, etc. 116,659
Payables, Including Other Funds 104,233
Notes Payable 455,000
Notes Receivable 32,840 7,885,862
7,929,691
Disbursements:
Expenditures 6,386,746
Notes Payable 532,840
Materials and Supplies (Inventories) 336,704
Accounts Payable, Contracts, etc. 321,767
Temporary Loans to Other Funds 79,436
Refunds, Rebates, Reimbursable Items, etc. 170,367 7,827,860
Balances, September 30, 1969:
Cash In Bank - Demand Deposits 100,961
Cash On Hand 870 $ 101,831
-25-
PARTICIPATION PAVING FUND
CITY OF WICHITA FALLS, TEXAS Exhibit C-1
Participation Paving Fund
Balance Sheet
September 30, 1969
Assets
Cash (Exhibit C-3) $ $ 7,355
Accounts Receivable:
Due From Other Funds 1,375
Paving Receivables 240,404
Other 1,725 243,504
Total $250,859
Liabiliites, Reserves And Fund Balance
Liabilities:
Accounts Payable $ 11,443 $
Due To Other Funds 76,157
Advance Payments, etc. 48,630 136,230
Reserve For Rebates, etc. 3,657
Fund Balance (Exhibit C-2) 110,972
Total $250,859
-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, 1969
Revenues:
Revenues From Street Paving $ 88,336
Revenue From Alley Paving 61,844
Interest On Paving Liens 5,953
156,133
Expenditures For Street And Alley Paving 340,692
Excess Of Expenditures Over Revenues (184,559)
Fund Balance, October 1, 1968 213,531
Contribution From General Fund c 82,0001775
Fund Balance, September 30, 1969 $ 110,972
-27-
CITY OF WICHITA FALLS, TEXAS Exhibit C-3
Participation Paving Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Balance, October 1, 1968
Cash In Bank - Demand Deposits $ $ 1,492
Receipts:
Collections On Paving Receivables 142,676
Advance Payments Collected 103,727
Inter-Fund Receivables 51,306
Contribution From General Fund 82,000
Interest On Paving Receivables 5,778 385,487
386,979
Disbursements:
Street Projects 328,712
Accounts Payable 30,912
Inter-Fund Payables 20,000 379,624
Balance, September 30, 1969
Cash In Bank - Demand Deposits $ 7,355
-28-
AIRPORT REVENUE FUND
CITY OF WICHITA FALLS, TEXAS Exhibit D-1
Airport Fund
Balance Sheet
September 30, 1969
Assets
Current Assets:
Cash (Exhibit D-5) $ 11,256
Trade Accounts Receivable 6,734
Accounts Receivable From Other Funds 34,249
Total Current Assets $ 52,239
Restricted Assets: (Exhibit D-5)
Revenue Bond Debt Service - Cash 18,564
Revenue Bond Reserve:
Cash 426
Certificates of Deposit 35,000
Total Restricted Assets 53,990
Plant and Equipment: (Exhibit D-3)
Buildings and Improvements 488,956
Furniture and Fixtures 17,597
Machinery and Equipment 11,870
Motor Vehicles 2,233
Total Plant and Equipment 520,656
Less Accumulated Depreciation 48,323
Net Plant and Equipment $ 472,333
Total $ 578,562
Liabilities
Current Liabilities (Payable from Current Assets) :
Accounts Payable $ 91
Payable to Other Funds 59 $ 150
Current Liabilities (Payable from Restricted
Assets) :
Accrued Revenue Bond Interest Payable 8,049
Revenue Bonds Payable (Exhibit D-4) 15,000 23,049
Total Current Liabilities 23,199
Revenue Bonds Payable (Exhibit D-4)
Series 1964 Bearing Interest of
4%, 3-3/4%, 3-1/2% and 3-1/4%
Maturing Serially 310,000
Less Current Maturity ( 15,000)
Series 1967 Bearing Interest of
4% Maturing Serially. First Bond
Maturing, April 15, 1971. 130,000 425,000
Retained Earnings (Exhibit D-2) 130,363
$ 578,562
CITY OF WICHITA FALLS, TEXAS Exhibit D-2
Airport Fund
Statement Of Operations And Retained Earnings
For The Year Ended September 30, 1969
Operating Revenues $ 111,148
Maintenance and Operating Expenses:
Salaries and Wages $ 29,638
Supplies and Materials 2,344
Maintenance 4,824
Rentals 5,493
Insurance 1,870
Utilities and Telephone 11,975
Employee Insurance and Retirement 1,432
Social Security 1,329
Miscellaneous 1,502 60,407
50,741
Other Income - Interest 1,156
51,897
Other Charges:
Interest on Revenue Bonds 17,589
Depreciation 13,403
Loss on Disposal of Capital Assets 630
Paying Agent's Fees 42 31,664
Net Income For The Year 20,233
Retained Earnings, Beginning of Year 110,130
Retained Earnings, End of Year $ 130,363
-30-
PJ
CITY OF WICHITA FALLS, TEXAS Exhibit D-3
Airport Fund
Statement of Property, Equipment And Depreciation
September 30, 1969.
Property And Equipment
Balance Balance '
9/30/68 Additions Deletions 9/30/69
Land and Betterments $ 941 $ $ $ 941
Buildings And �
Im-
provements 483,040 4,975 488,015
Furniture And
Fixtures 17,597 17,597
Machinery And
Equipment 12,854 512 1,496 11,870
Motor Vehicles 1,710 2,233 1,710 2,233
$516,142 $ 7,720 $ 3,206 $520,656
(rlf1
L
,
CITY OF WICHITA FALLS, TEXAS Exhibit D-3
Airport Fund
Statement of Property, Equipment And Depreciation
September 30, 1969
Accumulated Depreciation
Balance Balance Undepreciated
9/30/68 Additions Deletions 9/30/69 Balance ,
$ 9 $ 19 $ $ 28 $ 913 / 0
28,671 9,909 38,580 449,435
_
4,074 1,760 9 5,825 11,772
3,048 1,222 660 3,610 8,260
1,497 493 1,710 280 1,953
$ 37,299 $ 13,403 $ 2,379 $ 48,323 $472,333
-31-
CITY OF WICHITA FALLS, TEXAS Exhibit D-4
Airport Revenue Bonds
Schedule Of Bonded Debt And Interest Maturities
September 30, 1969
Serial Interest Total Bonds
Bond On And
Fiscal Year Maturities Bonds Interest
1970 $ 15,000 $ 17,575 $ 32,575
1971 20,000 16,938 36,938
1972 20,000 16,188 36,188
1973 25,000 15,438 40,438
1974 25,000 14,513 39,513
1975 25,000 13,588 38,588
1976 25,000 12,613 37,613
1977 25,000 11,638 36,638
1978 25,000 10,662 35,662
1979 25,000 9,687 34,687
1980 30,000 8,712 38,712
1981 30,000 7,487 37,487
1982 30,000 6,262 36,262
1983 30,000 5,037 35,037
1984 30,000 3,812 33,812
1985 20,000 2,250 22,250
1986 20,000 1,350 21,350
1987 20,000 450 20,450
$440,000 $174,200 $614,200
-32-
CITY OF WICHITA FALLS, TEXAS Exhibit D-5
Airport Fund
Statement of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Revenue Bond Revenue
Operating Interest And Bond Revenue
Total Fund Sinking Fund Fund
Balances, October 1, 1968:
Cash in Bank:
Demand Deposits $ 49,387 $ 32,877 $ 15,640 $ 870
Certificates of
Deposit 28,000 28,000
77,387 32,877 15,640 28,870
Receipts:
Airport Operating
Revenues 104,986 104,986
Interest on Cer-
tificates of
Deposit 1,156 1,156
Funds Collected
for Others 1,538 1,538
Intra-Fund Transfers 38,462 33,062 5,400
146,142 106,524 33,062 6,556
223,529 139,401 48,702 35,426
Disbursements:
Operating Expenses 60,390 60,390
Capital Improvements 7,523 7,523
Funds Collected for
Others 1,538 1,538
Revenue Bond Principal 15,000 15,000
Revenue Bond Interest 15,138 15,138
Intra And Inter-Fund
Receivables And Pay-
ables 20,232 20,232
Intra-Fund Transfers 38,462 38_,_462
158,283 128,145 30,138
Balances, September 30,
1969:
Cash in Bank:
Demand Deposits 30,246 11,256 18,564 426
Certificates of
Deposit 35,000 35,000
$ 65,246 $ 11,256 $ 18,564 $ 35,426
-33-
WATER AND SEWER REVENUE FIND
CITY OF WICHITA FALLS TEXAS Exhibit E-1
Water And Sewer Utility Fund
Balance Sheet
September 30, 1969
Assets
Current Assets:
Cash (Exhibit E-6) $ 35,930
Trade Receivables (Less $10,000
Allowance for Uncollectable
Accounts) 209,840
Other Receivables 2,358
Inventory of Materials and
Supplies (Average Cost) 121,006
Due From Other Funds 3,517
Total Current Assets $ 372,651
Restricted Assets: (Exhibit E-6)
Cash 155,719
Certificates of Deposit 2,1351,000
Receivable From Other Governmental
Agency-Revenue Bond Construction 150,000
Intra-Fund Receivable-Revenue Bond
Construction 27,831
Total Restricted Assets. 2,468,550
Utility Plant and Equipment (Exhibit E-4) 32,642,316
Total $35,483,517
Liabilities
Current Liabilities (Payable From Current Assets)
Accounts Payable $ 35,095
Inter-Fund Payable 89,795
Intra-Fund Payable 27,831
Other 3,725 $ 156,446
Current Liabilities (Payable From Restricted
Assets)
Accrued Revenue Bond Interest Payable 72,876
Revenue Bonds Payable (Exhibit E-5) 545,000
Accounts Payable 33,296 651,172
Total Current Liabilities 807,618
Revenue Bonds Payable (Exhibit E-5) :
Series 1963 4,265,000
Series 1966 3,275,000
Series 1966A 1,650,000
Series 1968 2,175,000
Total Revenue Bonds Payable 11,365,000
Less Current Maturities 545,000 10,820,000
Consumer Deposits 251,702
Refunding Contracts With Respect To Certain
Facilities 706,066
Retained Earnings (Exhibit E-2) 22,898,131
$35,483,517
-34-
CITY OF WICHITA FALLS, TEXAS Exhibit E-2
Water And Sewer Utility Fund
Statement Of Retained Earnings
For The Year Ended September 30, 1969
Balance, October 1, 1968 $ 21,237,179
Additions:
Net Income For The Year (Exhibit E-3) 657,537
Contributions In Aid Of Construction 128,415
Grant in Aid - U. S. Government 1,500,000
23,523,131
Deduction - Transfer To General Fund 625,000
Balance, September 30, 1969 $ 22,898,131
-35-
CITY OF WICHITA FALLS, TEXAS Exhibit E-3
Water And Sewer Utility Fund
Statement of Operations
For The Year Ended September 30, 1969
Operating Revenues:
Water Service $ 2,505,016
Sewer Service 461,098
Other Operating 102,896
Total Operating Revenues $ 3,069,010
Operating Expenses:
Salaries and Wages 685,830
Payroll Taxes 31,324
Supplies and Materials 201,220
Maintenance 140,706
Rentals, Insurance, Utilities, etc. 136,128
Employee Insurance and Retirement 35,877
Data Processing 65,600
Miscellaneous 11,127
Total Operating Expenses 1,307,812
Operating Profits Before Depreciation 1,761,198
Depreciation 770,890
Operating Profits After Depreciation 990,308
Other Income - Interest 119,117
1,109,425
Other Charges:
Interest on Revenue Bonds, etc. 451,301
Paying Agents' Fees 587
Total Other Charges 451,888
Net Income For The Year 657,537
-36-
CITY OF WICHITA FALLS, TEXAS Exhibit E-4
Water And Sewer Utility Fund
Statement Of Property, Equipment, And Depreciation
September 30, 1969
Property And Equipment
Balance Balance
9/30/68 Additions Deletions 9/30/69
Water
Land and Betterments $11,803,144 $ 355,038 $ $12,158,182
Buildings and Improvements 14,705,843 4,055,495 53,323 18,708,015
Furniture and Fixtures 11,942 125 11,817
Machinery and Equipment 890,121 35,049 90,876 834,294
Motor Vehicles 76,442 4,038 4,322 76,158
Construction in Progress 2 ,556,265 132,115 2,513,676 174,704
Total Water $30,043,757 $ 4,581,735 $ 2,662,322 $31,963,170
Sewer
Land and Betterments $ 78,446 $ $ $ 78,446
Buildings and Improvements 7,523,971 13,741 2,285 7,535,427
Furniture and Fixtures 608 608
Machinery and Equipment 60,289 3,321 63,610
Motor Vehicles 21,988 3,560 1,500 24,048
Construction in Progress 3,584 7,157 10,741
Total Sewer $ 7,688,886 $ 27,779 $ 3,785 $ 7,712,880
Total Water and Sewer
Land and Betterments $11,881,590 $ 355,038 $ $12,236,628
Buildings and Improvements 22,229,814 4,069,236 55,608 26,243,442
Furniture and Fixtures 12,550 125 12,425
Machinery and Equipment 950,410 38,370 90,876 897,904
Motor Vehicles 98,430 7,598 5,822 100,206
Construction in Progress 2,559,849 139,272 2,513,676 185,445
Total Water and Sewer $37,732,643 $ 4,609,514 $ 2,666,107 $39,676,050
I
1
1
-37- ,
CITY OF WICHITA FALLS, TEXAS Exhibit E-4
Water And Sewer Utility Fund
Statement Of Property, Equipment, And Depreciation
September 30, 1969
Balance Balance Undepreciated
9/30/68 Additions Deletions 9/30/69 Balance
$ 115,380 $ 92,908 $ $ 208,288 $11,949,894
4,218,175 385,240 (2,270) 4,605,685 14,102,330
7,244 949 119 8,074 3,743
327,266 55,577 2,333 380,510 453,784
33,856 13,703 4,322 43,237 32,921
-0- -0- 174,704
$ 4,701,921 $ 548,377 $ 4,504 $ 5,245,794 $26,717,376
$ -0-. $ $ $ -0- $ _ 78,446
1,509,897 215,347 1,725,244 5,810,183
337 57 394 214
41,164 4,701 45,865 17,745
15,536 2,401 1,500 16,437 7,611
-0- -0- 10,741
$ 1,566,934 $ 222,506 $ 1,500 $ 1,787,940 $ 5,924,940
$ 115,380 $ 92,908 $ $ 208,288 $12,028,340
5,728,072 600,587 (2,270) 6,330,929 19,912,513
7,581 1,006 119 8,468 3,957
368,430 60,278 2,333 426,375 471,529
49,392 16,104 5,822 59,674 40,532
-0- -0- 185,445
$ 6,268,855 $ 770,883 $ 6,004 $ 7,033,734 $32,642,316
-37-
CITY OF WICHITA FALLS, TEXAS Exhibit E-5
Water And Sewer Revenue Bonds
Schedule Of Bonded Debt And Interest Maturities
September 30, 1969
Serial Interest Total Bonds
Bond On And
Fiscal Year Maturities Bonds Interest
1970 $ 545,000 $ 430,131 $ 975,131
1971 545,000 402,881 947,881
1972 550,000 376,656 926,656
1973 550,000 353,656 903,656
1974 550,000 330,844 880,844
1975 550,000 308,165 858,165
1976 550,000 286,215 836,215
1977 550,000 264,265 814,265
1978 575,000 241,784 816,784
1979 575,000 218,771 793,771
1980 575,000 196,321 771,321
1981 580,000 175,403 755,403
1982 580,000 154,115 734,115
1983 580,000 132,710 712,710
1984 580,000 111,248 691,248
1985 580,000 89,499 669,499
1986 580,000 67,511 647,511
1987 580,000 45,524 625,524
1988 580,000 25,376 605,376
1989 230,000 13,521 243,521
1990 230,000 6,096 236,096
1991 150,000 3,019 153,019
$ 11,365,000 $ 4,233,711 $ 15,598,711
-38-
CITY OF WICHITA FALLS, TEXAS Exhibit E-6
Water And Sewer Utility Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Revenue Bond
Operating Interest And
Total Fund Sinking Fund
Balances, October 1, 1968:
Cash in Bank:
Demand Deposits $ 783,900 $ 63,283 $ 120,301
Certificates of Deposit 2,151,000
Cash on Hand 1,000 1,000
2,935,900 64,283 120,301 +01
Receipts:
Water, Sewer and Refuse Customer Accounts I
Receivable and Other Operating Revenues 4,511,425 4,511,425 1
Contributions From Other Governmental
Agencies:
State of Texas 35,602 35,602
U. S. Government 1,350,000
Reimbursement of Expenditures 25 ,534 22,461
Consumer Deposits 58,782 58,782
Interest on Certificates of Deposit 119,118 7,341 II
Intra-Fund Transfers 1,102,699 990,099
Intra and Inter-Fund Receivables and 1.1
Payables 103,830 29,289
Sale of Assets 1,010 1,010
Advance Payments 3,725 3,725
Miscellaneous 10,094 1,947
7,321,819 4,664,241 997,440
10,257,719 4,728,524 1,117,741
Disbursements:
Operating and Maintenance Expenses 1,550,557 1,550,557
Capital Improvements 1,852,944 13,484
Water and Sewer Stores - Inventory 144,416 144,416
Accounts and Contracts Payable 396,228 23,621
Refunds Under Contracts With Developers 75,491 75,491
Remittances of Refuse Accounts Collected
to General Fund 742,952 742,952
Transfer to General Fund 625,000 625,000
Intra and Inter-Fund Receivables and
Payables 537,863 470,829
Redemption of Revenue Bonds 445,000 445,000
Revenue Bond Interest Payments 454,882 454,882
Miscellaneous 3,038 3,038
Intra-Fund Transfers 1,102,699 1,043,206
7,931,070 4,692,594 899,882
Balances, September 30, 1969:
Cash in Bank:
Demand Deposits 190,649 34,930 48,859
Certificates of Deposit 2,135,000 169,000
Cash on Hand 1,000 1,000
$ 2,326,649 $ 35,930 $ 217,859
-39-
CITY OF WICHITA FALLS, TEXAS Exhibit E-6
Water And Sewer Utility Fund
Statement of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Revenue Series 1963 Series 1966 Series 1968
Bond Revenue Revenue Revenue Revenue
Fund Bond Funds Bond Funds Bond Funds
$ 14,467 $ 116,089 $ 130,341 $ 339,419
551,000 250,000 1,350,000
565,467 366,089 130,341 V.,689,419) K
1,350,000
1,799 ' 1,274 k
33,306 16,463 62•,008.Y o '
112,600 nCb��►�
8 1,000 3,53 ry
6,544 46 1,557
145,906 23,015 1,352,845 138,372
711,373 389,104 1,483,186 1,827,791
1
6,6389 1,156,298 676,524f
300,520 72,087
39 2,000 ,4,99
43,005 16,488
43,005 23,165 1,458,818 813,606
368 27,939 24,368 54,185
668,000 338,000 960,000
$ 668,368 $ 365,939 $ 24,368 $ 1,014,185
-39-
DEBT SERVICE FUND
CITY OF WICHITA FALLS, TEXAS Exhibit F-1
Debt Service Fund
Balance Sheet
September 30, 1969
Assets
mash (Exhibit F-5):
Demand Deposits $ 24,150 $
Certificates Of Deposit 130,000 154,150
Accounts Receivable:
Taxes Receivable - Delinquent (Exhibits F-3 and F-4) 347,494
Due From Other Funds 8,683
Other 2,000
Allowances For Uncollectible Accounts (Exhibit F-4) (108,602) 249,575
Investment - United States Treasury Bond (Note) 100,000
Total $503,725
Liabilities, Reserves And Fund Balance
Fund Balance (Exhibit F-2) $503,725
Total $503,725
Note - Investment is a 4% United States of America Treasury bond that matures
as of August 15, 1970.
-40-
CITY OF WICHITA FALLS, TEXAS Exhibit F-2
Debt Service Fund
Statement Of Reserve For Future Debt Payments
For The Year Ended September 30, 1969
Balance, October 1, 1968 $ $ 423,755
Add - Revenues:
Property Taxes (Less Allowance For
Estimated Losses of $6,462) 1,975,619
Interest On Certificates Of Deposits 38,056
Interest On Investment 4,000 2,017,675
2,441,430
Deduct - Expenditures (Note):
General Serial Bond Maturities 1,181,000
Interest On General Obligation Bonds 754,532
Paying Agents' Fees 2,173 1,937,705
$ 503,725
Note - Expenditures were in the same amount as revised appropriations for the
year ended September 30, 1969 and there were no encumbrances outstanding
at the beginning or end of the fiscal year.
-41-
CITY OF WICHITA FALLS, TEXAS Exhibit F-3
Debt Service Fund
Changes In Taxes Receivable
For The Year Ended September 30, 1969
Delinquent Current
Taxes Taxes Total
Balances, Ocotber 1, 1968 $343,883 $ -0- $ 343,883
Additions:
Taxes Levied 1,985,922 1,985,922
Transfer From Current 80,429 80,429
424,312 1,985,922 2,410,234
Deductions:
Collections 54,931 1,903,768 1,958,699
Transfer to Delinquent 80,429 80,429
Adjustments, Write-Offs, etc. 21,887 1,725 23,612
76,818 1,985,922 2,062,740
Balances, September 30, 1969 $347,494 $ -0- $ 347,494
-42-
CITY OF WICHITA FALLS, TEXAS Exhibit F-4
Debt Service Fund
Aged Schedule Of Taxes Receivable
September 30, 1969
Fiscal Year Amount
1954 and prior $ 5,581
1955 - 1956 1,660
1956 - 1957 1,882
1957 - 1958 2,518
1958 - 1959 4,837
1959 - 1960 6,396
1960 - 1961 8,431
1961 - 1962 10,001
1962 - 1963 12,482
1963 - 1964 16,007
1964 - 1965 27,140
1965 - 1966 41,062
1966 - 1967 59,467
1967 - 1968 69,602
1968 - 1969 80,429
Gross Tax Receivable 347,494
Allowance For Uncollectible Taxes Receivable (108,602)
Net Taxes Receivable $ 238,892
-43-
CITY OF WICHITA FALLS, TEXAS Exhibit F-5
Debt Service Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Balance, October 1, 1968:
Cash In Bank:
Demand Deposits $ 8,256 $
Certificates Of Deposit 85,000 93,256
Receipts:
Taxes Receivable - Ad Valorem 1,957,160
Interest Collected On Sale Of 1968 Series
General Obligation Bonds 3,976
Interest On Investments 6,000
Interest On Certificates Of Deposit 34,080 2,001,216
2,094,472
Disbursements:
General Serial Bond Maturities 1,181,000
Interest On General Obligation Bonds 754,532
Paying Agents' Fees 2,173
Refunds - Taxes Receivable 2,617 1,940,322
Balance, September 30, 1969:
Cash In Bank:
Demand Deposits 24,150
Certificates Of Deposit 130,000 154,150
-44-
CAPITAL PROJECTS FUNDS
ww
CITY OF WICHITA FALLS, TEXAS Exhibit G-1
Capital Project Funds
Combined Balance Sheet
September 30, 1969
1963 And
Waterworks
Improvements
Assets Combined Bonds Fire
Total 1959 Station Library -
Cash (Exhibit G-4)
Demand Deposits $ 455,637 $ 17,018 $ 310 $ 3,991
Certificates Of Deposit 2,100,000 100,000
2,555,637 117,018 310 3,991 . ,
Accounts Receivable:
Due From Other Funds 71,014
Due From Other Governmental Units 1,066,328
Other 31 31
1,137,373 31
Bonds Authorized And Unissued (Exhibit G-3) 4,000,000
Totals $7,693,010 $117,049 $ 310 $ 3,991
Liabilities, Reserves And Fund Balances
Liabilities:
Accounts Payable $ 238,736 $ 213 $ $
Due To Other Funds 4,836 3,215
243,572 3,428
Reserves For Encumbrances (Exhibit G-2) 2,062,239
Fund Balances (Exhibit G-2) 5,387,199 113,621 310 3,991
Totals $7,693,010 $117,049 $ 310 $ 3,991
-45-
CITY OF WICHITA FALLS, TEXAS Exhibit G-1
Capital Project Funds
Combined Balance Sheet
September 30, 1969
1964 Series 1968 Series
Street And Park Health Street And
Police Storm Bonds Unit Fire Storm
Station Drainage 1963 Building Station Drainage
$ 496 $ 4,761 $ $111,244 $ 152 $ 317,665
200,000 1,800,000
496 4,761 311,244 152 2,117,665
51,014 20,000
510,000 556,328
51,014 510,000 576,328
4,000,000
$ 496 $55,775 $-0- $821,244 $ 152 $6,693,993
$ $45,440 $ $ 26,556 $ 20 $ 166,507
1,621
45,440 26,556 20 168,128
672,997 1,389,242
496 10,335 121,691 132 5,136,623
$ 496 $55,775 $-0- $821,244 $ 152 $6,693,993
-45-
m
um
rr
CITY OF WICHITA FALLS, TEXAS Exhibit G-2
Capital Projects Funds
Combined Statement Of Authorizations, Expenditures And Encumbrances
September 30, 1969
Series 1963 And .r
Waterworks
Improvement mi
Combined Bonds Fire
Total 1959 Station Library
Amount Appropriated - Bonds Authorized $20,800,000 $4,000,000 $250,000 $250,000 'g
r
Additions - Net:
Prior Years 703,210 109,491 3,570 61,872 Ns
Current Years:
Interest On Certificates Of Deposit 149,793 9,123 111
Contributions From Other Governmental
um
Agencies 510,000
Contribution From General Fund 35,100 or
22,198,103 4,118,614 253,570 311,872
0140
Less Expenditures: .r
Prior Years 10,986,792 3,934,178 253,260 307,400
Current Year 3,761,873 70,815 481
14,748,665 4,004,993 253,260 307,881
m
Unexpended Balance 7,449,438 113,621 310 3,991
Less - Reserve For Encumbrances, September .r
30, 1969 2,062,239
Balance, September 30, 1969 5,387,199 113,621 310 3,991 :
moo
0111
rJ
rrr
1
-46-
,.-
CITY OF WICHITA FALLS, TEXAS Exhibit G-2
Capital Projects Funds
Combined Statement Of Authorizations, Expenditures And Encumbrances
September 30, 1969
1964 Bonds Series 1967 And 1968 Bonds
Street And Park Health Street And
Police Storm Bonds Unit Fire Storm
Station Drainage 1963 Building Station Drainage
$750,000 $3,795,000 $320,000 $390,000 $375,000 $10,670,000
26,262 409,782 14,370 14,621 11,324 51 ,9,.15.,,.
17,732 9,483 113/455,3_
510,000
35,100
776,262 4,204,782 334,370 932,353 430,907 10?835,373
774,142 4,085,796 332,670 27,543 49,808 1,221,,995
1,624 108,651 1,700 110,122 380,967 3,087,513
775,766 4,194,447 334,370 137,665 430,775 ,
496 10,335 -0- 794,688 132 6 525,865
672,997 1,389,242
$ 496 $ 10,335 $ -0- $121,691 $ 132 $ 5,136,623
If
-46-
rmplln,
MN 1
CITY OF WICHITA FALLS, TEXAS Exhibit G-3
Capital Projects Funds
Schedule Of Bonds Authorized - Unissued
September 30, 1969
Authorized
Date Amount
General Obligation - Capital Projects Funds
Street And Storm Drainage Bonds 9/28/67 $10,670,000 I
$10,670,000 '
111
1111
r
11111
CITY OF WICHITA FALLS,_ TEXAS Exhibit G-3
Capital Projects Funds
Schedule Of Bonds Authorized - Unissued
September 30, 1969
Issued Amount
Date Amount Unissued
1968 $2,235,000 $
12/1/68 / 4,435,000 4,000,000
$6,670,000 $4,000,000
-47-
1
II
II
CITY OF WICHITA FALLS, TEXAS Exhibit G-4
Capital Projects Funds I
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
General Obligation II
Waterworks
Improvement II
Combined Bonds Fire
Total 1959 Station Library
alances, October 1, 1968: II
Cash In Bank:
Demand Deposits $ 279,854 $ 42,178 $ 310 $ 4,472
Certificates Of Deposit 1,910,000 200,000 II2,189,854 242,178 310 4,472
eceipts: IISale Of Bonds 4,435,000
Interest On Certificates Of Deposit 149,792 9,123
Interest Received On Sale Of Bonds 3,976
Inter-Fund Receivables And Payables 20,000 IIContribution From General Fund 35,100
Sale Of Assets 10,268
Account Receivable - State Of Texas 489,717 II5;143,853 9,123
7,333,707 251,301 310 4,472
isbursements: II
Bond Project Costs 4,358,231 67,419 481
Transfer To Debt Service Fund 3,976
Accounts And Contracts Payable 332,647 66,864 II
Inter-Fund Receivables And Payables 83,216
4,778,070 134,283. 481 •
alance, September 30, 1969:
Cash In Bank:
Demand Deposits 455,637 17,018 310 3,991 II
Certificates Of Deposit 2,100,000 100,000
$2,555,637 $117,018 $ 310 $ 3,991 II
1 .
'ily
001,
1'II11'I11�41
CITY OF WICHITA FALLS, TEXAS Exhibit G-4
Capital Projects Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Bonds 1963 And 1964 General Obligation Bonds 1968
Street And Park Health Street And
Police Storm Bonds Unit Fire Storm
Station Drainage 1963 Building Station Drainage
$ 2,407 $ 19,121 $1,700 , $ 52,078 $ 53,366 $ 104,222
95,000 325,000 290,000 1,000,000
2,407 114,121 1,700 377,078 343,366 1,104,222
4,435,000
17,732 9,482 113,455
3,976
20,000
35,100
304 G-9,964
489,717
20,000 17,732 44,886 5,052,112
2,407 134,121 1,700 394,810 388,252 6,156,334
1,624 100,000 1,700 83,566 381,239 3,722,202
3,976
287 29,360 6,861 229,275
83,216
1,911 129,360 1,700 83,566 388,100 4,038,669
496 4,761 111,244 152 317,665
200,000 1,800,000
$ 496 $ 4,761 $ -0- $311,244 $ 152 $2,117,6b5
-48-
TRUST AND AGENCY FUNDS
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Trust And Agency Funds '
Combined Balance Sheets
September 30, :.1969
Combined Social
Total Security Payroll ,
Assets
Cash (Exhibit H-3) $160,590 $81,190 $ '
Due From Other Funds 4,848 4,848
Due From Other Governmental Agencies 8,336 677
Securities Held In Trust 10,000
Totals $183,774 $86,715 $ -0- '
Liabilities
Accounts Payable $ 10,274 $ $
Due To Other Governmental Agencies 114,108 86,715
Due To Other Funds 46,853
Fund Balance (Exhibit H-2) 12,539
Totals $183,774 $86,715 $ -0-
1
CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Trust And Agency Funds
Combined Balance Sheets
September 30, 1969
Cab Container Urban Mass
Company Train Tax Tax Transportation
Trust Study Refund Collection Study
$ $3,090 $9,728 $58,960 $ 7,622
7,659
10,000
$10,000 $3,090 $9,728 $58,960 $15,281
$ $ 545 $9,728 $ $ 1
27,393
6 31,567 15,280
10,000 2,539
$10,000 $3,090 $9,728 $58,960 $15,281
-49-
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Trust And Agency Funds ,
Combined Statement Of Revenues And Expenditures And Fund Balances
For The Year Ended September 30, 1969
1
Combined Social
Total Security Payroll
Fund Balances, October 1, 1968 $ 30,895 $ -0- $ -0-
Additions:
Contributions From General Fund 10,000
Grants - In - Aid - U.S. Government 68,032
Reserve For Encumbrances,
October 1, 1968 1,100
Total Additions 79,132 ,
Deductions:
Expenditures 97,488 '
Total Deductions 97,488
Net Additions (Deductions) (18,356)
Fund Balances, September 30, 1969 $ 12,539 $ -0- $ -0- '
ski
41 .
IfmiliiU[V
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Trust And Agency Funds
Combined Statement Of Revenues And Expenditures And Fund Balances
For The Year Ended September 30, 1969
Cab Container Urban Mass
Company Train Tax Tax Transportation
Trust Study Refund Collection Study
$10,000 $ 16,699 $ 4,196 $ -0- $ ••0-
10,000
52,223 15,809
1,100
63,323 15,809
77,483 4,196 15,809
77,483 4,196 15,809
(14,160) (4,196) -0-
$10,000 $ 2,539 $ -0- $ -0- $ -0-
-50-
11
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Combined Social
Total Security Payroll
Balances, October 1, 1968 -
Cash In Bank - Demand Deposits $ 115,290 $ 38,723 $ -0-
Receipts:
From Other Funds 5,942,966 371,342 5,561,624
Grant From U. S. Government 60,373
Reimbursement Of Expenditures 39
For Tax Refunds 25,020
From Taxpayers, etc. - Ad Valorem
Taxes, etc. 8,731,089
14,759,487 371,342 5,561,624
14 874,777 410,065 5,561,624 ,
Disbursements:
State Department Of Public Welfare 328,875 328,875
Payrolls And Withholding 5,561,624 5,561,624
Capital Expenditures 10,334
Project Costs 66,028
Refunds And Escrow Transfers To Tax
Collection 19,488
General Fund 2,404,452
Debt Service Fund 1,957,160
Wichita Falls Independent School
District 4,354,187
Midwestern University 10,902
Other 1,137
14,714, 187 328,875 5,561,624
Balances, September 30, 1969 -
Cash In Bank - Demand Deposits $ 160,590 $ 81,190 $ -0-
1
1
I
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Trust And Agency Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1969
Cab Container Urban Mass
Company Train Tax Tax Transportation
Trust Study Refund Collection Study
$ -0- $17,799 $ 4,196 $ 54,572 $ -0-
10,000
52,223 8,150
39
25,020
8,731,089
62,262 25,020 8,731,089 8,150
80,061 29,216 8,785,661 8,150
10,334
65,500 528
19,488
2,404,452
1,957,160
4,354,187
10,902
1,137
76,971 19,488 8,726,701 528
$ -0- $ 3,090 $ 9,728 $ 58060 $ 7,622
-51-
GENERAL FIXED ASSETS
CITY OF WICHITA FALLS, TEXAS Exhibit I-1
General Fixed Assets
Balance Sheet
September 30, 1969
Assets
Land and Betterments $25,988,009
Buildings and Improvements 3,358,967
Furniture and Fixtures 563,648
Machinery and Equipment 2,263,019
Motor Vehicles 1,105,043
Construction In Progress 2,346,557
Total Assets .$35,625,243
Investment In Fixed Assets
Fixed Assets Acquired Prior To 9/30/64 $21,100,286
Fixed Assets Provided By General Fund 2,911,106
Fixed Assets Contributed 1,079,906
Fixed Assets Provided By Bond Fund 10,533,945
Total Investment In Fixed Assets $35,625,243
-52-
CITY OF WICHITA FALLS, TEXAS Exhibit I-2
General Fixed Assets
Statement Of Additions And Deletions - By Department
September 30, 1969
Balance Balance
9/30/68 Additions Deletions 9/30/69
Mayor And Board Of Aldermen $ 3,898 $ 199 $ $ 4,097
City Manager 16,300 3,143 2,652 16,791
Legal And City Clerk 18,085 1,191 55 19,221
Personnel 3,868 3,868
Data Processing 15,818 2,974 272 18,520
Library 692,540 20,338 712,878
Health 96,565 114,312 1,554 209,323
Finance 9,601 322 9,923
Tax 35,373 358 35,731
Corporation Court 11,610 11,610
Public Safety 28,930 31 28,961
Police 786,204 43,866 31,283 798,787
Fire 811,078 383,493 65,546 1, 129,025
Fire Marshal 9,360 2,233 1,894 9,699
Animal Control 19,349 1,615 1,425 19,539
Engineering 52,687 5,516 6, 181 52,022
Inspection 15,660 1,805 1,642 15,823
Property Agent 6,896 6,896
Street Maintenance 20,610,942 2,806,329 5,371 23,411,900
Sanitation 669,974 60,785 68,805 661,954
Parks 2,223,708 23,217 8,720 2,238,205
Golf 118,374 14,304 1,365 131,313
Cemetery 29,875 29,875
Planning 7,637 525 8,162
Traffic Engineering 872,518 31,505 1,850 902,173
Street Lighting 10,000 10,000
Parking Meters 105,692 32,079 40,907 96,864
Information Center 5,030 5,030
Auditorium Services 37,223 270 37,493
Purchasing 3,753 3,753
Central Garage 154,336 3,308 209 157,435
Building Maintenance 1,307,371 881 1,308,252
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
$32,310,375 $3,554,599 $239,731 $35,625,243
-53-
I
II
CITY OF WICHITA FALLS TEXAS Exhibit I-3 ��1,�
General Fixed Assets II
Statement Of General Fixed Assets By Category
September 30, 1969
Land And Buildings And II
Total Betterments Improvements
'Mayor And Board Of Aldermen $ 4;097 $ $ ''
kCity Manager -r6,79111
Legal And City Clerk - 9,221 I
1Personnel .3',868 ,
!Data Processing a:8,520 -
)Library 2,878 _ - 12,002 - -
Health 209,323 - - - 65,411 - 07U� I `�I
Finance -cJ;923 14
Tax , ,
5 731 1
(Corporation Court 41,610
il
Public Safety 26,961 �� i
Police _ - - _ - _ 798,787_ - 30,102- - -530,777 lit
Fire _ _ - _ _ - - - 1,129,025 - - - 128,026 - - -508,824 I i �< '
Fire Marshal=- - - --- - - - - - 9,699 �1
rAnimal Control - - -- - - 19,539- - - - - 1800 1
Engineering- - - - - - - 52,022- - -- - - 90-- - - - 496 '
Inspection- - - - - - - 15,823 I 1";°
i,YProperty Agent- - - - - - -6,896 '[
Otreet Maintenance-- - - - -23,411,900 - -20,573,839- -- -99,916 `� N�^
Sanitation - - - -- - 661,954- -'- - 22,020 - - - -17,075 � ;,
Parks- - - - - - - - 2,238,205- - '1,693,999- - 98,636 I 1 4
Golf - - - - - - - - 131,313 - -- -3,976 -- -- --93,059- - - - IllA
Cemetery- - - - - - - - - 29,875 - - - 10,939_,
IPlanning_ - _ - _ _ - -. 8,162 -II
'Traffic Engineering -_ - _ 902,173- - -44,339-- - - -716 I N,
'treet Lighting _ _ - - - - - - -10,000 i,;„,
k'arking Meters ` .- - - _ 96,864 - -- -- 36,807 ,
Information Center -_ 5,030 i
Auditorium Services - - - - - - 37,493
Purchasing ,-3,753 I
Central Garage - -_ -- - = - - 157,435 - - - 50,000 -- -- - 40,667
Building Maintenance- - - - - - 1,308,252 - - - 32,534 _ _ _1,254,192
WCID #1 3,315,211 3,264,872 11,885 I
WCID #2 19,235 2,380 15,360
SAFB - Terminal 57,612 57,612
Men's Recreational Building 128,062 128,062
$35,625,243 $25,988,009 $3,358,967
iti
I
CITY OF WICHITA FALLS, TEXAS Exhibit I-3
General Fixed Assets
Statement Of General Fixed Assets By Category
September 30, 1969
Furniture And Machinery And Motor Construction
Fixtures Equipment Vehicles In Progress
$ 4,097 $ $ $
5,501 3,679 7,611
16,464 2,757
2,149 1,719
5,061� 11,209 - 2,250
394,745 4,641
5,446-" 18,977 15,665,E -_ 68,751
5,302 _ _ _ - _- 4,621 - - ___
15,982e- _. 13,763-- 4,986
6,558 _ 2,815__ _ -2,237
319 - - - - 26,932 --
29,330- - - ---122,351 - 86,227
16804- - - - - -74,106-- - -- - -401,265
`- 2,259- - _ - - 7,440
188- - -_ 2 891- --__ 660
6,266- - - - - - - M: - - - - 21,644�
2,470-- - - - - 3,574- - - -9,779
-- 1,684 --- - - -- 4,079
2,256V-- - - -V351,714- - -' - cj06,36 - ---2,277,806
1,994- - -- -- 320,735 - - - -300,130
44,642
-1,924- 28,512- - - -3,842
- 14,639- - - -2,965
- 4,608 - - - 1,767- - -- -1,787
7,094-- - - - -849,166- - - - -30,858
10,000
791 ` _ ,52,601 - - - 6,665
1,865 - - - - -992 -- - - 2,173
4,259_. -- - -33,234.
1,558 _ - - .- 2,195
2,754 -- - - - - 34,026 -- - - _ .. 29,988
7,185 - - - - - 10,436 - - - - 3,905
38,454
269 1,226
$563,648 $2,263,019 $1,105,043 $2,346,557
-54-
CITY OF WICHITA FALLS, TEXAS Exhibit J-1
General Long - Term Debt
Balance Sheet
September 30, 1969
DEBITS
Amount Available For Retirement Of Serial Bonds
(Exhibit J-2) $ 264,833
Amount To Be Provided For Retirement Of Serial Bonds 29,065,933
Total $ 29,330,766
CREDITS
Interest Payable - General Obligation Bonds
(Exhibit J-3) $ 7,209,766
General Obligation Bonds Payable - Serial Bonds
(Exhibit J-3) 22,121,000
Total $ 29,330,766
-55-
CITY OF WICHITA FALLS, TEXAS Exhibit J-2
Schedule Of Amount Available In Debt Service Fund
For Retirement Of Bonds And Interest
September 30, 1969
Cash:
Demand Deposits $ 24,150
Certificates of Deposit . 130,000 $ 154,150
Accounts Receivable:
Due From Other Funds 8,683
Other 2,000 10,683
Investment - United States Treasury Bond 100,000
$ 264,833
-56-
CITY OF WICHITA FALLS, TEXAS Exhibit J-3
General Obligation Bonds
Schedule Of Bonded Debt And Interest Maturities
September 30, 1969
Serial Interest Total Bonds
Fiscal Bond On And
Year Maturities Bond. Interest
1970 $ 1,178,000 $ 936,476 $ 2,114,476
1971 1,398,000 782,721 2,180,721
1972 1,470,000 722,575 2,192,575
1973 1,522,000 659,353 2,181,353
1974 1,532,000 599,508 2,131,508
1975 1,566,000 543,281 2,109,281
1976 1,266,000 489,879 1,755,879
1977 1,274,000 440,329 1,714,329
1978 1,275,000 391,625 1,666,625
1979 1,276,000 342;748 1,618,748
1980 1,081,000 293,387 1,374,387
1981 1,084,000 252,391 1,336,391
1982 1,086,000 211,011 1,297,011
1983 1,093,000 169,322 1,262,322
1984 1,095,000 128,255 1,223,255
1985 930,000 96,525 1,026,525
1986 632,000 69,800 701,800
1987 635,000 42,330 677,330
1988 420,000 26,310 446,310
1989 308,000 11,940 319,940
1990
1991
$22,121,000 $ 7,209,766 $29,330,766
-57-
STATISTICAL SECTION
CITY OF WICHITA FALLS, TEXAS Exhibit K-1
Tax Revenues By Source
Last Ten Fiscal Years
Business
Gross
Fiscal Total Ad Valorem Sales Receipts Occupation
Year Taxes Taxes Taxes Taxes Taxes
1959-60 $2,487,532 $2,284,072 $ -0- $196,036 $ 7,424
1960-61 2,883,383 2,632,995 -0- 243,187 7,201
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
-58-
II
II
CITY OF WICHITA FALLS, TEXAS Exhibit K-2
Property Tax Levies And Collections I
Last Ten Fiscal Years
Total Current Per Cent II
Fiscal Tax Tax Of Levy
Year Levy Collections Collected
1959-60 $2,284,232 $2,127,950 93.16% mr
1960-61 2,633,188 2,423,237 92.03% 111(111.
1961-62 3,014,997 2,754,550 91.36% 111
1962-63 3,441,539 3,193,738 92.807
1963-64 3,502,187 3,261,334 93.12'/a ti
N"
1964-65 3,910,580 3,647,116 93.26% 1 %�
1965-66 4,166,789 3,900,357 93.61'/0 I
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 95.957 I
I/
II
It.
1
IIlk, 0
ill
I / �I
Iv 1411
110 et:01
1 w 44014
Ihik I
ji
1 r �wA _!
CITY OF WICHITA FALLS, TEXAS Exhibit K-2
Property Tax Levies And Collections
Last Ten Fiscal Years
Delinquent Total Total Collections
Tax Tax As Percent Of
Collections Collections Current Levy
$ 47,045 $ 2,174,995 95.22%
60,691 2,483,928 94.33%
80,216 2,834,766 94.02%
96,510 3,290,248 95.60%
142,911 3,404,245 97.20%
133,775 3,780,891 96.68%
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%
-59-
�a
$,,
IICITY OF WICHITA FALLS, TEXAS Exhibit K-3
4 It
Assessed And Estimated Actual Value Of Taxable Property I
Last Ten Fiscal Years ` '
Real Property Personal Property 1 114
Fiscal Assessed Estimated Assessed Estimated �f�,
11(
Year Value Actual Value Value Actual Value '`
1959-60 $ 81,208,920 $270,696,400 $41,599,260 $ 63,998,150
1960-61 96,581,260 311,937,533 47,308,800 72,781,960
*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
1964-65 185,812,260 271,624,520 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 I
* An Extensive Revaluation Study Was Completed To Establish A New Tax10
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Basis For The Year 1961 And Subsequent Years.
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CITY OF WICHITA FALLS, TEXAS Exhibit K-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
$122,808,180 $334,694,550 36.69%
143,890,060 392,719,493 36.64%
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 50.00%
246,687,810 493,375,620 50.00%
249,408,095 498,816,190 50.00%
242,014,543 484,029,086 50.00%
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III
Ho
CITY OF WICHITA FALLS, TEXAS Exhibit K-4
Tax Rates And Tax Levies II
1959 - 1969
Tax Rates Per $100 Valuation I
Fiscal WFISD CVISD
Period City School (1) School (2) County II
1959-60 $1 86 $1.45 $1.50 $ .95
1960-61 1.83 1.50 2.15 .95 II
(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 II
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 II
1968-69 1.78 1.78 2.20 1.05
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Tax Levies
1959-60 $2,284,232 $2,325,662 $22,716 $1,161,770 I
1960-61 2,633,188 2,520,812 42,242 1,225,466
(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 II1963-64 3,502,187 3,597,045 61,782 1,622,663
1964-65 3,910,580 3,692,020 71,457 1,670,192
1965-66 4,166,789 3,969,478 70,900 1,713,214 II1966-67 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
II
(1) WFISD - Wichita Falls Independent School District - 96.83% In
Wichita Falls City Limits II(2) CVISD - City View Independent School District - 85.51% In Wichita
Falls City Limits
(3) An Extensive Revaluation Study was completed to establish a new Tax
Basis for the Cityof Wichita Falls and Wichita Falls Independent
'
School District for the Year 1961 and Subsequent Years.
II
CITY OF WICHITA FALLS, TEXAS Exhibit K-4
Tax Rates And Tax Levies
1959 1969
Tax Rates Per $100 Valuation
Water Midwestern
State District #1 University Total
$ .42 $ .20 $ .49 $ 6.87
.42 .18 .49 7.52
.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
Tax Levies
$387,458 $245,957 $750,389 $ 7,178,184
413,078 228,647 775,390 7,838,823
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 - - 11,033,402
816,582 - - 11,365,604
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CITY OF WICHITA FALLS, TEXAS Exhibit K-5
Ratio Of Net General Bonded Debt To Assessed Value 4
And Net Bonded Debt Per Capita
Last Ten Fiscal Years
Gross
Fiscal Assessed Bonded ,
Year Population Value Debt**
1959-60 100,250 $122,808,180 $10,087,000
*1960-61 101,724 143,890,060 9,587,000
***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
* 1960 Census
** 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.
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CITY OF WICHITA FALLS, TEXAS Exhibit K-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
$ 260,505 $ 9,826,495 8.00% $ 9,802
248,422 9,338,578 6.49% 9,180
321,003 8,931,997 3.91% 8,525
1,146,260 10,439,740 4.45% 9,674
790,059 13,349,941 5.60% 12,301
637,329 18,669,671 7.63% 17,093
522,940 17,658,060 7.20% 16,126
551,679 16,485,321 6.68% 14,298
423,755 18,443,245 7.39% 15,990
503,725 21,617,275 8.93% 18,716
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CITY OF WICHITA FALLS. TEXAS Exhibit K-6
Statement Of Direct And Overlapping Debt
Seytember 30; 1969
Percentage Of
Net Debt Applicable Amount
Debt To City Overlapping
City of Wichita Falls $21,617,275 100.00% $ 21,617,275
Wichita Falls Independent
School District 16,894,602 96.83% 16,359,043
Wichita County 3,397,262 77.74% 2,641,031
City View Independent
School District 291,000 85.51% 248,834
Total Direct And
Overlapping Debt $ 40,866,183
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CITY OF WICHITA FALLS, TEXAS Exhibit N.-7
Schedule Of Revenue Bond Coverage
Water & Sewer Revenue Bonds
Last Ten Years
Net Revenue
Fiscal Gross Available For
Year venues Expenses Debt Service
PP
1959-60 $2,067,543 $ 790,968 $1,276,575
1960-61 2,078,719 902,441 1,176,278
Ner
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 4
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 1,54,610
1967-68 2,536,938 1,182,898 1,354,040 4
1968-69 3,0 9,010 1,30,812 1,761,198
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CITY OF WICHITA FALLS, TEXAS Exhibit K-7
Schedule Of Revenue Bond Coverage
Water & Sewer Revenue Bonds
Last Ten Years
Average Annual
Debt Service Requirements Times
Principal Interest Total Covered
$ 156,000 $ 50,000 $ 206,000 6.20
157,000 45,000 202,000 5.82
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
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CITY OF WICHITA FALLS, TEXAS Exhibit K-8
Schedule Of Revenue Bond Coverage '
Airport Revenue Bonds
Last Six Years
Net Revenue
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
* Airport Revenue Fund established May 14, 1964 and Bonds sold
Same Year.
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CITY OF WICHITA FALLS, TEXAS Exhibit K-8
Schedule Of Revenue Bond Coverage
Airport Revenue Bonds
Last Six 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
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