1970 Annual Financial Report tit of
trilita Nat' l Texas
ANNUAL FINANCIAL REPORT
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FOR YEAR ENDING SEPTEMBER 30 , 1970
Joe R. Watts
Director of Finance
CITY OF WICHITA FALLS, TEXAS
MAYOR AND BOARD OF ALDERMEN
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R. Kenneth Hill, Mayor
Don Wills, Mayor Pro Tem J. C. Boyd
Bill Drake Harrison Taylor
Larry Lambert Richard Darner
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CITY MANAGER
Gerald Fox
DIRECTOR OF FINANCE
Joe R. Watts*
ACCOUNTANT
Ronnie Wood*
INDEPENDENT AUDITORS
Jarratt, Cocke, & Tillery
*Member of Municipal Finance Officers Association of the
United States and Canada
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IICITY OF WICHITA FALLS, TEXAS
Financial Report For The Year Ended September 30, 1970
IITable Of Contents
Exhibit Page
No. No.
Ila
Letter of Transmittal i
Accountants' Opinion v
ii
COMBINED FINANCIAL SECTION
0010
iii A-1 Balance Sheet - All Funds 1
A-2 Statement of Unappropriated Fund Balances and Retained
Earnings - By Fund 3
PP' A-3 Combined Statement of Revenue - Estimated and Actual -
io General Fund, Debt Service Fund, Airport Revenue
Fund and Water and Sewer Revenue Fund 4
II
A-4 Combined Statement of General Government Expenditures
and Encumbrances Compared with Authorizations -
General Fund, Debt Service Fund, Airport Revenue
Fund and Water and Sewer Revenue Fund 5
II
A-5 Combined Statement of Cash Receipts and Disbursements -
All Funds 6
A-6 Combined Schedule of Delinquent Taxes Receivable -
Ps By Fund 7
Y A-7 Combined Schedule of Bonds Payable 8
Notes to Financial Statements 13
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GENERAL FUND
Supplemental Accountants' Opinion 17
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B-1 B-2 Balance Sheet 18
Statement of Fund Balance 19
B-3 Revenues - Estimated and Actual 20
B-4 Statement of Appropriations and Expenditures 21
B-5 Statement of Expenditures 22
B-6 Changes in Taxes Receivable 23
B-7 Aged Schedule of Taxes Receivable 24
B-8 Schedule of Notes Payable 25
B-9 Statement of Cash Receipts and Disbursements 26
PARTICIPATION PAVING FUND
C-1 Balance Sheet 27
C-2 Statement of Revenues and Expenditures and Fund Balance 28
C-3 Statement of Cash Receipts and Disbursements 29
II
CITY OF WICHITA FALLS, TEXAS, Financial Report For The Year Ended
September 30, 1970, Table Of Contents (Continued)
Exhibit Page
No. No.
10 AIRPORT FUND
II
D-1 Balance Sheet 30
D-2 Statement of Operations and Retained Earnings 31
D-3 Statement of Plant, Equipment and Depreciation 32
D-4 Statement of Cash Receipts and Disbursements 33
II
WATER AND SEWER REVENUE FUND
II E-1 Balance Sheet 34
E-2 Statement of Retained Earnings 35
E-3 Statement of Operations 36
II
E-4 Statement of Property, Equipment and Depreciation 37
E-5 Statement of Cash Receipts and Disbursements 38
DEBT SERVICE FUND I
F-1 Balance Sheet 39
F-2 Statement of Reserve for Future Debt Payments 40
F-3 Changes in Taxes Receivable 41
F-4 Aged Schedule of Taxes Receivable 42
F-5 Statement of Cash Receipts and Disbursements 43
CAPITAL PROJECTS FUNDS
G-1 Combined Balance Sheet 44
G-2 Combined Statement of Authorizations, Expenditures
and Encumbrances 45
G-3 Schedule of Bonds Authorized - Unissued 46
G-4 Combined Statement of Cash Receipts and Disbursements 47
TRUST AND AGENCY FUNDS
H-1 Combined Balance Sheet 48
H-2 Combined Statement of Revenues and Expenditures and
Fund Balances 49
H-3 Combined Statement of Cash Receipts and Disbursements 50
GENERAL FIXED ASSETS
I-1 Balance Sheet 51
I-2 Statement of Additions and Deletions - By Department 52
I-3 Statement of General Fixed Assets by Category 53
CITY OF WICHITA FALLS, TEXAS, Financial Report For The Year Ended
September 30, 1970, Table Of Contents (Continued)
Exhibit Page
No. - No.
GENERAL LONG - TERM DEBT
J-1 Balance Sheet 54
J-2 Schedule of Amount Available in Debt Service Fund for
Retirement of Bonds and Interest 55
STATISTICAL SECTION
K-1 Tax Revenues by Source - Last Ten Fiscal Years 56
K-2 Property Tax Levies and Collections - Last Ten
Fiscal Years 57
K-3 Assessed and Estimated Actual Value of Taxable Property -
Last Ten Fiscal Years 58
K-4 Tax Rates and Tax Levies, 1960 - 1970 59
K-5 Ratio of Net General Bonded Debt to Assessed Value and
Net Bonded Debt Per Capita - Last Ten Fiscal Years 60
K-6 Statement of Direct and Overlapping Debt 61
K-7 Schedule of Revenue Bond Coverage - Water and Sewer
Revenue Bonds - Last Ten Years 62
K-8 Schedule of Revenue Bond Coverage - Airport Revenue
Bonds - Last Seven Years 63
K-9 Schedule of Bonded Debt and Interest Maturities 64
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LETTER OF TRANSMITTAL
AND ACCOUNTANTS' OPINION
if of is all
Gerald G. Fox
City Manager
City of Wichita Falls
Wichita Falls, Texas
Dear Mr. Fox:
im
The Annual Financial Report for the City of Wichita Falls for the
m' fiscal year ended September 30, 1970 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, 1970. The accounting principles and standards of the
Municipal Finance Officers Association were incorporated into the
format of this Report.
60
The City's accounting records for General Governmental operations
are maintained on a full accrual basis. Budgetary control is main-
im 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
it policies and to control budget expenditures.
Revenues for General Government operations totaled $6,991,296 in the
1969-70 fiscal year, which was an increase of 9.7 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 $4,626,761 66.2% $503,566
Licenses and Permits 76,383 1.1'/0 18,336
Fines and Forfeits 329,545 4.7'/0 18,954
Rents and Concessions 49,377 .7% (745)
Service Charges and Fees 1,191,896 17.0% 225,401
Miscellaneous 137,334 2.0'/, (99,245)
Enterprise Fund Contributions 580,000 8.3% (45,000)
$6,991,296 100.0% $621,267
it
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OW
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Assessed valuations for the year were $247,207,178 which represented
an increase of 2.1 per cent above the preceding year. Allocation of
the property tax levy by purpose for the year ended September 30, 1970,
IIand the preceding three fiscal years are as follows:
Purpose 1969-70 1968-69 1967-68
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General Government Purposes $2,719,295 $2,317, 174 $2,848,961
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Debt Service Fund 2,027,084 1,982,081 1,630,537
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Total $4,746,379 $4,299,255 $4,479,498
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The Expenditures for General Governmental purposes totaled $6,728,287,
11 an increase of 5.0 per cent over the prior year. Increases in levels
it of expenditure for major functions of the City over the preceding year
are shown in the following tabulation:
II Increase
Percent Over Prior
Function Amount Of Total Period
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General & Administrative $1,109,268 16.5% $ 45,848
Finance 303,203 4.5% 5,203
II Public Safety 2,298,604 34.2'/0 146,368
Public Works 1,825,719 27.1'/, 160,304
Parks and Recreation 475,953 7.1% (3,749)
Planning & Traffic 532,581 7.9% (43,277)
General Services 182,959 2.7% .11,680s
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Total $6,728,287 100.0% $322,377
IIThe ratio of net bonded debt to assessed valuation and the amount of
bonded debt per capita are useful indicators of the City's debt position
to municipal management, citizens, and investors. This data for the
ei City of Wichita Falls at the end of the 1969-70 fiscal year are as follows:
II
Ratio Of Debt Ratio Of Debt Debt
To Assessed To Present Per
Value Market Value Capita
Net Direct
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Bonded Debt $14,804,439 5.98% 3.00% $155.87
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Overlapping Debt 17,791,220 7.19% 3.59% 187.32
IITotal $32,595,659 13.17% 6.59% $343.19
II Outstanding General Obligation Bonds at September 30, 1970, totaled
$22,943,000 of which $7,640,000 were issued for water and sewer pur-
poses and are considered to be self-supporting. The remainder is
powconsidered to be direct tax supported debt.
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During the past year $1,178,000 of Tax Bonds were retired. On
March 17, 1970, $2,000,000 of General Obligation Bonds were sold
at an effective interest rate of 5.7697 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
111 Cash which was temporarily idle during the year, including both debt
retirement funds and bond proceeds was invested in certificates of
go
deposit with the City depository in terms ranging from 30 days to 360
days. The maximum rate, as allowed by regulations, or the market rate
of 91 day U. S. Treasury Bills as quoted one week preceding date of
40 deposit, was received in accordance with our contract. The total
amount of interest earned on these certificates of deposit amounted
to $307,733.
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 1969-70 fiscal period, expenditures from
the Capital Projects Fund amounted to $3,308,095.
Authorized but unissued Bonds at September 30, 1970, totaled $2,000,000
for the purpose of Street and Drainage Projects.
Capital Project Fund balances on hand at September 30, 1970, consisted
of $567,438 in cash, $1,125,000 in certificates of deposit, and
$744,620 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,
1970, the General Fixed Assets of the City amounted to $37,904,237.
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.
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The Water and Sewer Revenue fund experienced an increase in its
operations for the fiscal year. Comparative data for three fiscal
years are presented in the following tabulation:
1969-70 1968-69 1967-68
Gross Income $3,153,610 $3,069,010 $2,536,938
orm
Net Income 646, 129 657,537 334,434
Mk Income Available for
Debt Service 1,900,584 1,879,723 1,495,999
Average Annual
Debt Service 696,361 787,636 723,798
r Coverage
(Income available for
debt service divided by
average annual debt service) 2.73 2.39 2.07
During the Year, $545,000 of regularly maturing Revenue Bonds were
retired in the Water and Sewer Fund. Additions to the Water and
Sewer System in the amount of $162,678 were financed through Bond
proceeds and operating Revenues.
p" The operation of the Airport for the Fiscal year ended September 30,
1970 resulted in a net income of $28,392. During the year $15,000
of regularly maturing Revenue Bonds were retired. Additions to the
Airport facilities of $9,441 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 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.
Sinc ely yours,
Joe R. Watts
Director of Finance
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JARRATT, COCKE & TILLERY
ACCOUNTANTS AND AUDITORS TELEPHONE 322-3(03
1130 FIRST WICHITA NATIONAL BANK BUILDING
WICHITA FALLS,TEXAS
76301
December 28, 1970
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The Honorable Mayor and Board of Aldermen
of the City of Wichita Falls, Texas
We have examined the balance sheet of the General Fund, Partici-
pation Paving Fund, Airport Fund, Water and Sewer Revenue Fund, Debt
Service Fund, Capital Projects Funds, Trust and Agency Funds, General
Fixed Assets and General Long-Term Debt of the City of Wichita Falls,
Texas as of September 30, 1970, and the related statements, as applicable,
of unappropriated fund balances, revenues, appropriations and expenditures,
and supplemental schedules as of September 30, 1970 and for the year then
ended (Exhibits A-1 thru A-7). Our examination was made in accordance
with generally accepted auditing standards, and accordingly included such
tests of the accounting records and such other auditing procedures as we
considered necessary in the circumstances, except as stated in the
following paragraph.
Our examination and similar examinations for prior years did not include
examinations of General Fixed Assets account balances nor of the Water and
Sewer Revenue Fund fixed asset account balances as these accounts are gen-
erally stated at values developed by employees of the City as determined
by periodic physical inventories and appraisals. Accordingly, our exam-
ination of General Fixed Assets and Water and Sewer Revenue Fund fixed
assets was limited to a test of transactions of current year additions
and retirements.
In our opinion, the accompanying financial statements and supplemental
schedules (Exhibits A-1 thru A-7) of funds referred to in the first
paragraph, except for the General Fixed Assets balance sheet and the Water
and Sewer Revenue Fund fixed asset account balances as to which we do not
I 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,
1970 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.
IJarratt, Cocke & Tillery
By:
e ry . Til ery
rti "ed Public Account t
COMBINED FINANCIAL SECTION
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CITY OF WICHITA FALLS TEXAS Exhibit A-1
Page 1 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1970
Airport
Participation Revenue
General Paving Fund
PIO
Assets And Other Debits Fund Fund (Note 9)
IPS
Cash $ 270,775 $ 19,042 $ 38,697
Certificates Of Deposit
Accounts Receivable:
Taxes receivable - delinquent 675,722
Water, sewer and refuse customers
Due from other funds 196, 170 111,744 9,249
Paving receivables 520,210
Due from other governmental units 270,430
Other 36,691 17,018
Allowance for uncollectible
accounts (212,058)
Net accounts receivable 966,955 631,954 26,267
Inventories (At Average Cost) 41,260
Investment - U. S. Treasury Bond -
At Cost
Prepaid Expenses 1,458
Restricted Assets:
Cash 21,175
Certificates of deposit 6,800 38,000
Total restricted assets 6,800 59,175
Plant And Equipment (Note 3):
Land and betterments
Buildings and improvements 494,392
Machinery and equipment 35,705
Construction in progress
Total plant and equipment 530,097
Less allowances for depreciation 62,486
Net plant and equipment 467,611
Securities Held In Trust
Bonds Authdrized And Unissued
Amount Available For Retirement
Of Serial Bonds
Amount To Be Provided For Retirement
Of Serial Bonds
Totals $1,287,248 $650,996 $591,750
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The accompanying Notes to Financial Statements are an integral part of this statement.
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00. CITY OF WICHITA FALLS TEXAS Exhibit A-1
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Balance Sheet - All Funds (Note 1)
September 30, 1970
II
Water And Debt Capital Trust And General General
Sewer Revenue Service Projects Agency Funds Fixed Long-Term
IIFund Fund Fund (Notes 2 and 6) Assets Debt
$ 66,334 $ 122,585 $ 567,438 $183,993 $ $
II 1,125,000
357,936
229,912
II2,267 14,476 68,356 2
676,264 243,899
1,514 6,000 2,675
1i (10,000) (102,436)
I
223,693 275,976 744,620 246,576
136,407
100,000
300,688
I 2,201,000
2,501,688
I 12,269,530 27,540,073
26,245,576 3,365,613
1,009,664 4,250,003
235,846 2,748,548
I 39,760,616 37,904,237
7,807,203
31,953,413 37,904,237
10,000
2,000,000
243,061
30,285,854
$34,881,535 ,$ 498,561 $4,437,058 $440,569 $37,904,237 $30,528,915
The accompanying Notes to Financial Statements are an integral part of this statement.
PqNNo
CITY OF WICHITA FALLS, TEXAS Exhibit A-1
Page 2 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1970
Airport
Participation Revenue
Liabilities, Reserves, Fund General Paving Fund
Balances And Retained _Earnings Fund Fund (Note 9)
Liabilities:
Accounts payable $ 112,613 $ 2,500 $ 68
Due to other funds 119,500 73,499
Due to other governmental units 20, 172
Accrued payroll 103,691
Accrued interest - notes payable
and revenue bonds 3,591 7,927
Interest payable - general
obligation bonds, including
$963,246 due in next fiscal
year
Notes payable - bank (Note 4) 325,000
General obligation bonds payable-
serial, including $1,398,000 due
in next fiscal year
Revenue bonds payable - serial,
including $565,000 due in
next fiscal year 425,000
Consumer deposits
Refunding contracts (Note 5)
Other - advance payments, etc. 22,760
Contracts and committments (Note 10)
Total liabilities 684,567 98,759 432,995
Reserves, Fund Balances, And
Retained Earnings:
Reserve for encumbrances 85,295
Reserve for capital improvements 73, 123
Reserve for rebates, etc. 3,465 2,812
Investment in general fixed assets
Fund balances 440,798 549,425
Retained earnings 158,755
Totals $1,287,248 $650,996 $591,750
The accompanying Notes to Financial Statements are an integral part of this statement.
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CITY OF WICHITA FALLS, TEXAS Exhibit A-1
MB Page 2 of 2
Balance Sheet - All Funds (Note 1)
September 30, 1970
Water And Debt Capital Trust And General General
Sewer Revenue Service Projects Agency Funds Fixed Long-Term
Fund Fund Fund (Notes 2 and 6) Assets Debt
me $ 18,871 $ $ . 137,607 $298,229 $ $
107,915 1,514 99,836
9,821
13,980
Orn
68,334
7,585,915
22,943,000
10,820,000
234,226
398,479
11,661,805 -0- 139,121 407,886 -0- 30,528,915
1,306,081
1
37,904,237
' 498,561 2,991,856 32,683
23,219,730
$34,881,535 $498,561 $4,437,058 $440,569 $37,904,237 $30,528,915
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The accompanying Notes to Financial Statements are an integral part of this statement.
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CITY OF WICHITA FALLS, TEXAS Exhibit A-2 mg
Statement Of Unappropriated Fund Balances And Retained Earnings
By Fund (Note 1)
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For The Year Ended September 30, 1970
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Participation Airport
General Paving Revenue '°"
Fund Fund Fund
Balance, October 1, 1969 $ 212,116 $110,972 $130,363 01R
Additions:
Net income for year 28,392
Revenues 6,991,296
Net revenues and expenditures 328,453
Contribution from General Fund 110,000 "'
Contributions in aid of mi
construction (Note 5)
U. S. Government grants
State of Texas grants
Reserve for encumbrances -
October 1, 1969 50,968
7,254,380 549,425 158,755
Dedections:
Expenditures 6,728,287
Transfer to General Fund (Note 8)
Reserve for encumbrances -
September 30, 1970 85,295
6,813,582 -0- -0-
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Balance, September 30, 1970 $ 440,798 $549,425 $158,755
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The accompanying Notes to Financial Statements are an integral part of this statement.
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APP
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, 1970
Water And Debt . Capital Trust And General General
:I Sewer Revenue Service Projects Agency Fixed Long-Term
Fund Fund Fund Funds Assets Debt
$22,898,130 $ 503,725 $5,387,199 $ 12,539 $ -0- $ -0-
646,129
2,111,592 139,359
7,235
255,471 10,000
1 608,372
14,000
2,062,239
tit 23,799,730 2,615,317 7,606,032 634,911 -0- -0-
2,116,756 3,308,095 602,228
580,000
sr
1,306,081
' 580,000 2,116,756 4,614,176 602,228 -0- -0-
II $23,219,730 $ 498,561 $2,991,856 $ 32,683 $ -0- $ -0-
The accompanying Notes to Financial Statements are an integral part of this statement.
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;I CITY OF WICHITA FALLS, TEXAS Exhibit A-3
Combined Statement Of Revenue - Estimated And Actual (Note 1)
Pito General Fund, Debt Service Fund, Airport Revenue Fund, And Water And Sewer Revenue Fund
For The Year Ended September 30, 1970
. Actual
11 Estimated Actual Over (Under)
Source (Fund) Revenues Revenues Estimated
:I Taxes:
(General Fund) $ 4,557,545 $ 4,626,761 $ 69,216
(Debt Service Fund) 1,995,019 2,020,101 25,082
IITotal taxes 6,552,564 6,646,862 94,298
Licenses And Permits:
(General Fund) 67,065 76,383 9,318
:11] Charges For Services:
(General Fund) 1,145,620 1,191,896 46,276
1 (Water and Sewer Revenue Fund) 2,975,000 3,087,504 112,504
(Airport Revenue Fund) 105,500 117,520 12,020
Total charges for services 4,226,120 4,396,920 170,800
II Fines And Forfeits:
(General Fund) 207,500 208,464 964
Miscellaneous Revenue:
(General Fund) 292,445 307,792 15,347
(Debt Service Fund) -0- 91,491 91,491
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(Water and Sewer Revenue Fund) 159,000 201,858 42,858
(Airport Revenue Fund) 1,000 1,819 819
Total miscellaneous revenue 452,445 602,960 150,515
Inter-Fund Transfers:
di (General Fund) (Note 8) 580,000 580,000 -o-
r Total revenue $12,085,694 $12,511,589 $425,895
Summary By Fund:
General Fund $ 6,850,175 $ 6,991,296 $141, 121
Debt Service Fund 1,995,019 2,111,592 116,573
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Water and Sewer Revenue Fund 3,134,000 3,289,362 155,362
Airport Revenue Fund (A) 106,500 119,339 12,839
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Total revenue $12,085,694 $12,511,589 $425,895
(A) Airport Fund revenues does not include $3,810 - revenues recorded in current
fiscal year - converting to a full accrual basis of recording revenues.
The accompanying Notes to Financial Statements are an integral part of this statement.
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CITY OF WICHITA FALLS, TEXAS Exhibit A-4
Combined Statement Of General Government Expenditures And Encumbrances
Compared With Authorization (Notes 1 and 7)
General Fund, Debt Service Fund, Airport Revenue Fund And Water And Sewer Revenue Fund
For The Year Ended September 30, 1970
Authorization
Appropriations Reserve For
(After Encumbrances
Fund (Division) Revisions) October 1, 1969 Total
General Fund:
(General Administration) $ 1,187,221 $ 3,225 $ 1,190,446
(Finance) 307,537 337 307,874
(Public Safety) 2,270, 121 1,851 2,271,972
(Public Works) 1,793,147 35,695 1,828,842
(Parks and Recreation) 504,608 1,176 505,784
(Planning and Traffic) 586,498 7,915 594,413
(General Services) 183,577 769 184,346
Total General Fund 6,832,709 50,968 6,883,677
Debt Service Fund 2,116,756 2,116,756
Airport Revenue Fund:
(Airport) (A) 70,999 70,999
(Airport Revenue Bond Debt
Service) (B) 32,575 32,575
Total Airport Revenue Fund 103,574 103,574
Water And Sewer Revenue Fund:
(Public Utilities Administration) (A) 740,066 740,066
(Water Development) (A) 731,579 731,579
(Water and Sewer Revenue Bond
Debt Service) (B) 975,131 975,131
Total Water and Sewer Revenue Fund 2,446,776 2,446,776
Total - All Funds $11,499,815 $50,968 $11,550,783
(A) Includes amounts for expenditures and authorizations for fixed asset additions,
Airport Fund expenditures of $9,441 and Water and Sewer Fund expenditures of
$13,601. Does not include any amounts for depreciation, see Note 3 of the
Notes to Financial Statements. Water and Sewer Fund includes refunding contract
payments of $86,762.
(B) Debt service includes amounts for bond principal payments (maturities), Airport
Fund $15,000 and Water and Sewer Fund $545,000.
The accompanying Notes to Financial Statements are an integral part of this statement.
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CITY OF WICHITA FALLS, TEXAS Exhibit A-4
Combined Statement Of General Government Expenditures And Encumbrances
Compared With Authorization (Notes 1 and 7)
General Fund, Debt Service Fund, Airport Revenue Fund And Water And Sewer Revenue Fund
For The Year Ended September 30, 1970
Total Reserve For
Expenditures Unexpended Encumbrances (Over)
For The Year Balance September 30, 1970 Under
$ 1,109,268 $ 81,178 $19,673 $ 61,505
' ' 303,203 4,671 249 4,422
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2,298,604 (26,632) 523 (27,155)
1,825,719 3, 123 41,845 (38,722)
475,953 29,831 1,803 28,028
1111,
532,581 61,832 21,086 40,746
182,959 1,387 116 1,271
6,728,287 155,390 85,295 70,095
2,116,756 -0- -0- -0-
72,582 (1,583) (1,583)
32,453 122 122
105,035 (1,461) -0- (1,461)
742,719 (2,653) (2,653)
746,422 (14,843) (14,843)
971,099 4,032 4,032
2,460,240 (13,464) -0- (13,464)
$11,410,318 $140,465 $85,295 $ 55,170
The accompanying Notes to Financial Statements are an integral part of this
statement.
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CITY OF WICHITA FALLS, TEXAS Exhibit A-5
Combined Statement Of Cash Receipts And Disbursements
All Funds (Note 1)
For The Year Ended September 30, 1970
Balances
Fund October 1, 1969
General Fund $ 101,831
Participation Paving Fund 7,355 m►
Airport Revenue Fund:
Operating 11,256
Revenue Bond Interest and Sinking 18,564
Revenue Bond Reserve 35,426
Water And Sewer Revenue Fund:
Operating 35,930
Revenue Bond Interest and Sinking 217,859
Revenue Bond Reserve 668,368
Series 1963 Revenue Bonds 365,939
Series 1966 Revenue Bonds 24,368
Series 1968 Revenue Bonds 1,014,185
Debt Service Fund 154, 150
Capital Projects Funds:
1959 Waterworks Improvement 117,018
1963 Fire Station 310
1963 Library 3,991
1963 Police Station 496
1963 Street and Storm Drainage 4,761
1968 Health Unit Building 311,245
1968 Fire Station 152
1968 Street and Storm Drainage 2,117,665
Trust And Agency Funds: wo
Social Security 81,190
Payroll -0-
Container Train Study 3,090 , „
Tax Refund 9,728
Tax Collection 58,960
Urban Mass Transportation Study 7,622
Municipal Information System -0-
Police Systems Management -0-
Total - All Funds $5,371,459 o
111.
The accompanying Notes to Financial Statements are an integral part 1!
of this statement.
I
mop
mi
00
-6-
II
IICITY OF WICHITA FALLS TEXAS Exhibit A-5
Combined Statement Of Cash Receipts And Disbursements
II All Funds (Note 1)
For The Year Ended September 30, 1970
Balances
IIReceipts Disbursements September 30, 1970
$ 8,016,387 $ 7,840,643 $ 277,575
II258,438 246,751 19,042
138,704 111,263 38,697
34,812 32,624 20,752
II 2,997 38,423
4,193,075 4,162,671 66,334
00 978,574 975,131 221,302
ii 102,900 771,268
21,115 12,352 374,702
II 151,045 175,413 -0-
251,867 131,636 1,134,416
2,087,261 2, 118,826 122,585
II 4,170 26,348 94,840
310 -0-
3,991 -0-
1 496 -0-
22,658 27,189 230
416,021 643,887 83,379
filo 7,235 7,387 -0-
3,168,914 3,772,590 1,513,989
ii
358,563 354,210 85,543
04
5,500,406 5,500,406 -0-
40 70,274 53,137 20,227
27,738 29,108 8,358
II 9,426,599 9,428,048 57,511
62,026 62,409 7,239
246,387 246,387 -0-
14,000 8,885 5,115
:I
$35,562,166 $35,972,098 $4,961,527
I"
Ow
I The accompanying Notes to Financial Statements are an integral part
of this statement.
w.
il
-6-
.err
CITY OF WICHITA FALLS TEXAS Exhibit A-6
Combined Schedule Of Delinquent Taxes Receivable By Fund (Note. 1)
September 30, 1970
Debt
General Service
Fiscal Year Total Fund Fund
1954 And Prior $ 26,118 $ 20,880 $ 5,238
1955 - 1956 7,118 5,523 1,595
II
1956 - 1957 8,049 6,243 1,806
1957 - 1958 10,099 7,939 2, 160
1958 - 1959 17,551 14,022 3,529
1959 - 1960 24,143 19,012 5,131
II 1960 - 1961 31,085 24,068 7,017
1961 - 1962 36,538 27,590 8,948
1962 - 1963 45,918 34,673 11,245
1963 - 1964 55,619 41,998 13,621
1964 - 1965 79,057 55,340 23,717
1965 - 1966 98,060 64,625 33,435
1966 - 1967 136,895 86,244 50,651
1967 - 1968 154,852 98,486 56,366
1968 - 1969 125,634 67,717 57,917
1969 - 1970 176,922 101,362 75,560
Total Delinquent Taxes 1,033,658 675,722 357,936
Less Estimated Uncollectible
Delinquent Taxes (300,336) (197,900) (102,436)
Net Delinquent Taxes Receivable $ 733,322 $ 477,822 $ 255,500
II
The accompanying Notes to Financial Statements are an integral part of this
statement.
mi
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
:1
Combined Schedule Of Bonds Payable (Note 1) Page 1 of 5
September 30, 1970
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds:
1949 Waterworks Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
1949 Street Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
The accompanying Notes to Financial Statements are an integral part of this statement.
-8 04
-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 1 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
lot $ 21,000 (1950) $1,250,000 $1,250,000 $667,000 $583,000
14,000 (1951)
32,000 (1952)
34,000 (1953)
36,000 (1954)
34,000 (1955)
32,000 (1956)
34,000 (1957)
ao 36,000 (1958)
38,000 (1959)
27,000 (1960)
35,000 (1961)
ia
36,000 (1962)
38,000 (1963)
35,000 (1964)
32,000 (1965)
38,000 (1966)
11 41,000 (1967)
36,000 (1968)
38,000 (1969)
110,000 (1970)
113,000 (1971)
115,000 (1972)
121,000 (1973)
124,000 (1974)
11,000 (1950) 800,000 800,000 396,000 404,000
8,000 (1951)
' 17,000 (1952)
19,000 (1953)
21,000 (1954)
19,000 (1955)
17,000 (1956)
19,000 (1957)
20,000 (1958)
22,000 (1959)
16,000 (1960)
18,000 (1961)
20,000 (1962)
22,000 (1963)
18,000 (1964)
17,000 (1965)
The accompanying Notes to Financial Statements are an integral part of this statement.
-8-
1
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 2 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds: (cont.)
1949 Street Improvement (cont.)
1949 Park Improvement 3 1/2, 2 3/4; (6/1,12/1) 12/1/49 12/1/74
1949 Fire Station Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74
The accompanying Notes to Financial Statements are an integral part of this statement.
-9-
I
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 2 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Annual
Serial Bonds
110
Payments Authorized Issued Retired Outstanding
a
$ 22,000 (1966) $ $ $ $
23,000 (1967)
30,000 (1968)
37,000 (1969)
77,000 (1970)
79,000 (1971)
80,000 (1972)
83,000 (1973)
85,000 (1974)
2,000 (1950) 200,000 200,000 102,000 98,000
2,000 (1951)
4,000 (1952)
5,000 (1953)
6,000 (1954)
5,000 (1955)
4,000 (1956)
5,000 (1957)
6,000 (1958)
be 6,000 (1959)
5,000 (1960)
5,000 (1961)
6,000 (1962)
6,000 (1963)
5,000 (1964)
4,000 (1965)
6,000 (1966)
8,000 (1967)
1 6,000 (1968)
6,000 (1969)
18,000 (1970)
1 18,000 (1971)
20,000 (1972)
21,000 (1973)
21,000 (1974)
1 1,000 (1950-51) 100,000 100,000 50,000 50,000
2,000 (1952-57)
3,000 (1958)
4,000 (1959)
2,000 (1960-61)
3,000 (1962)
4,000 (1963)
The accompanying Notes to Financial Statements are in integral part of this statement.
AO
rs
1114
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 3 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds: (cont. )
1949 Fire Station Improvement (cont.)
1955 Wichita County Water
Control and Improvement
District #4 4 1/2, 4 3/4; (1/1, 7/1) 1/1/55 1/1/85
1955 Waterworks Improvement 2 1/2, 2 1/4; (8/15, 2/15) 2/15/55 2/15/75
1956 Wichita County Water
Control and Improvement
District #5 4, 4 1/2; (11/1, 5/1) 11/1/56 11/1/86
1957 Sewer Improvement and
Extension Bonds 4, 3 3/4; (9/1, 3/1) 9/1/57 9/1/72
1959 Waterworks Improvement 4 1/2, 3 1/2, 3 3/4; (2/1, 8/1) 8/1/59 8/1/79
1959 Wichita County Water
Control and Improvement
District #6 4 3/4, 5 1/2; (9/1, 3/1) 9/1/59 9/1/89 ,
The accompanying Notes to Financial Statements are an integral part of this statement.
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 3 of. 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
$ 2,000 (1964-65) $ $ $ $
4,000 (1966)
3,000 (1967-68)
4,000 (1969)
10,000 (1970-74)
2,000 (1958-59) 275,000 275,000 64,000 211,000
3,000 (1960-61)
4,000 (1962-63)
5,000 (1964-65)
6,000 (1966)
7,000 (1967-68)
8,000 (1969-70)
10,000 (1971-72)
12,000 (1973-76)
14,000 (1977)
15,000 (1978-80)
16,000 (1981-83)
18,000 (1984-85)
85,000 (1956-75) 1,700,000 1,700,000 1,275,000 425,000
5,000 (1959-62) 560,000 560,000 100,000 460,000
10,000 (1963-67)
15,000 (1968-71)
20,000 (1972-75)
25,000 (1976-78)
30,000 (1979-81)
35,000 (1982-84)
40,000 (1985-86)
30,000 (1958-62) 500,000 500,000 430,000 70,000
35,000 (1963-72)
200,000 (1960-79) 4,000,000 4,000,000 2,200,000 1,800,000
5,000 (1963-66) 385,000 385,000 53,000 332,000
7,000 (1967)
8,000 (1968-69)
10,000 (1970-71)
The accompanying Notes to Financial Statements are an integral part of this statement.
11
-in-
CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 4 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Interest Final
Rates And Issue Maturity
Dates Date Date
General Obligation Bonds: (cont.)
1959 Wichita County Water
Control and Improvement
District #6 (cont.)
1
I
1959 Wichita County Water
Control and Improvement
District #4 4 3/4, 5 1/2; (9/1, 3/1) 9/1/59 9/1/89
0.4
1963 Park Improvement Bonds 3 1/4, 4, 5; (2/1, 8/1) 8/1/63 8/1/79
1963 General Obligation Bonds 1/10, 3.30, 3 1/4, 4, 5; 8/1/63 8/1/88
(2/1, 8/1)
.010
1964 General Obligations Bonds 5, 4 7/8, 3, 3.10, 3.20,
1/10; (2/1, 8/1) 8/1/64 8/1/84
1965 General Obligation Bonds 5, 4 3/4, 3, 3.10, 1/20 2/15/65 2/15/85
of 1%; (2/15, 8/15)
1968 General Obligation Bonds 5, 4 7/8, 4 1/2, 1/2 1/10/68 7/10/87
of 1%; (1/10, 7/10)
1968-A General Obligation Bonds 5, 4.5, 4.1, 4.2, 4.25, 12/1/68 6/1/89
4.3, 4.35, 4.4, 4.5, 4.55,
4.6, 3.5; (6/1, 12/1)
1970 General Obligation Bonds 7.0, 6.0, 5.25, 5.5, 5.75, 2/15/70 2/15/90
5.85, 6.0, 6.1, 5.0;
(2/15, 8/15)
Total General Obligation Bonds
111,
41
The accompanying Notes to Financial Statements are integral part of this statement.
11-
ri CITY OF WICHITA FALLS TEXAS Exhibit A-7
Page 4 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Annual
Serial Bonds
Payments Authorized Issued Retired Outstanding
I.
$ 12,000 (1972-74) $ $ $ $
14,000 (1975-76)
15,000 (1977-78)
16,000 (1979-80)
18,000 (1981-82)
20,000 (1983-85)
22,000 (1986)
25,000 (1987-88)
28,000 (1989)
5,000 (1962-70) 300,000 300,000 45,000 255,000
94.
8,000 (1971-74)
rim 10,000 (1975-81)
12,000 (1982-85)
25,000 (1986-88)
30,000 (1989)
20,000 (1964-79) 320,000 320,000 140,000 180,000
100,000 (1964-79) 2,680,000 2,680,000 700,000 1,980,000
120,000 (1980-88)
160,000 (1965-67) 3,285,000 3,285,000 975,000 2,310,000
165,000 (1968-84)
300,000 (1966-85) 6,000,000 6,000,000 1,500,000 4,500,000
150,000 (1970-75) 3,000,000 3,000,000 150,000 2,850,000
175,000 (1976-87)
85,000 (1971) 4,435,000 4,435,000 -0- 4,435,000
150,000 (1972)
225,000 (1973-74)
250,000 (1975-89)
100,000 (1972-86) 2,000,000 2,000,000 -0- 2,000,000
125,000 (1987-90)
I
31,790,000 31,790,000 8,847,000 22,943,000
I
The accompanying Notes to Financial Statements are integral part of this statement.
I
_11_
mi
CITY OF WICHITA FALLS TEXAS Exhibit A-7 ""f
Page 5 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
Interest Final
Rates And Issue Maturity
Dates Date Date
Revenue Bonds:
Water and Sewer Revenue Bonds: :1
1963 Water and Sewer Revenue 1/10, 3, 3.2, 3.3, 5; 8/1/63 8/1/88
(2/1, 8/1)
1966 Water and Sewer Revenue 5, 3 1/2, 3.6, 3 3/4, 2/1/66 2/1/91
1/20; (8/1, 2/1)
1966-A Water and Sewer Revenue 5, 4 7/8, 4; (2/1, 8/1) 11/1/66 8/1/91
1968 Water and Sewer Revenue 5, 4 5/8, 4 1/4, 4 1/2, 2/1/68 2/1/88
4.60; (8/1, 2/1)
Total Water and Sewer
Revenue Bonds :1
Airport Revenue Bonds:
1964 Airport Revenue 3 1/4, 3 1/2, 3 3/4, 4; 4/15/64 4/15/84
(4/15, 10/15)
1967 Airport Revenue 4 1/2; (10/15, 4/15) 4/15/67 4/15/87
"m]Total Airport Revenue Bonds
Total Revenue Bonds
"d;
Total All Bonds
Mi
The accompanying Notes to Financial Statements are an integral part of this statement.
47
-12-
r.
Ws
II CITY OF WICHITA FALLS, TEXAS Exhibit A-7
Page 5 of 5
Combined Schedule Of Bonds Payable (Note 1)
September 30, 1970
pli
ii Annual
Serial Bonds
IIPayments Authorized Issued Retired Outstanding
11
$220,000 (1964-71) $ 5,585,000 $ 5,585,000 $1,540,000 $ 4,045,000
II225,000 (1972-88)
75,000 (1966) 3,800,000 3,800,000 675,000 3,125,000
150,000 (1967-80)
loo 155,000 (1981-90)
is 75,000 (1991)
75,000 (1968-91) 1,800,000 1,800,000 225,000 1,575,000
100,000 (1970-77) 2,175,000 2,175,000 100,000 2,075,000
125,000 (1978-88)
ima
flum
13,360,000 13,360,000 2,540,000 10,820,000
ii
II
II
10,000 (1965-66) 375,000 375,000 80,000 295,000
15,000 (1967-72)
20,000 (1973-79)
I
25,000 (1980-84)
5,000 (1971-84) 130,000 130,000 -0- 130,000
20,000 (1985-87) _
II505,000 505,000 80,000 425,000
II13,865,000 13,865,000 2,620,000 11,245,000
$45,655,000 $45,655,000 $11,467,000 $34,188,000
P
i
on
li
011.
iiii The accompanying Notes to Financial Statements are an integral part of this statement.
r
a.
Pe
CITY OF WICHITA FALLS, TEXAS
Notes To Financial Statements Page 1 of 4
September 30, 1970
1. Basis of Accounting:
The accompanying financial statements have been prepared generally
on the accrual basis, except certain General Fund revenues which
have been consistently stated on the cash basis, these revenues
aggregate approximately $750,000 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,
1970 amounted to $1,033,999 and delinquent taxes due the college
district at that date amounted to $53,494. These uncollected
balances are not reflected in the Trust and Agency Fund balance
sheet at September 30, 1970.
3. Fixed Assets and Depreciation:
Fixed assets, including water and sewer revenue fund fixed assets,
are stated generally at appraisal values assigned by the City in
prior years; current year additions are stated at cost.
Depreciation of fixed assets is recognized only in the Water and
Sewer Revenue Fund and the Airport Revenue Fund. Depreciation
is computed on the straight-line basis, based on estimated
useful lives of the fixed assets. During the current fiscal
year, operations was charged with depreciation expense as
follows:
Rates Amount
Water and Sewer Revenue Fund 2% - 25% $828,356
Airport Revenue Fund 2% - 25% 14,163
$842,519
-13-
I
CITY OF WICHITA FALLS, TEXAS
Notes to Financial Statements Page 2 of 4
Segs.ember0. 1970
4. Notes Payable to Bank:
At September 30, 1970, the City had short term notes payable to
bank outstanding as follows:
Interest Due
00 Rates Dates Amount
6.757. December 19, 1970 $100,000
6.357. January 30, 1971 75,000
6.207. February 28, 1971 150,000
$325,000
5. Refunding Contracts:
Prior to March 30, 1964, when the practice was discontinued,
the City entered into agreements with real estate development
contractors whereby the City would refund part of the costs
of the facilities. Except for this redemption provision, all
of the costs of the facilities were borne by the developers,
and ownership of the facilities vests in the City upon their
acceptance by City authorities.
The contracts provide for payments over ten and fifteen year peri-
ods. The repayment percentages are 257. and 33-1/3% of revenues.
Refunding payments amounted to $86,762 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 $220,825 of the $255,471 (contri-
bution in aid of construction) represents current year expired
contract balances.
6. Municipal Information System:
On March 3, 1970, the City entered into a contract with the
Federal Government for the development of a Municipal Information
System. The total amount of the contract is $2,816,269 over a
period of three years. To aid in the development of the
information system, the City entered into sub-contracts with a
private software firm in the amount of $1,018,967 and with a
university in the amount of $721,388. Both of the sub-contracts
are included in the contract with the Federal Government and are
payable over a three year period upon receipt of Federal
Government funds.
-14-
CITY OF WICHITA FALLS, TEXAS
Notes to Financial Statements Page 3 of 4
September 30, 1970
MI
6. Municipal Information System: (cont.)
This contract is accounted for in the accompanying financial
statements as a trust fund in the Trust and Agency Funds section
of the statements and reflects only current balances receivable
of $237,134 and payable of $230,404 and $6,730 fund balance.
Of the $2,816,269, $480,846 had been expended to September
30, 1970.
7. Employee Retirement:
City employees, except for firemen, are covered by the Texas
441 Municipal Retirement Systems; firemen are covered by a self
administered Firemens Relief Fund. The City contributed
6% of firemens salary to that fund. City contributions to
T. M. R. S. fluctuates based on actuarial calculations; the
effective rate of contribution, at September 30, 1970, was
5.3% of the first $8,400 of employees salary. Prior service
liability, if any, is funded by the City annual and would be
a part of the 5.3% above.
City contributions to both funds, charges to operations, during
the current fiscal year, were as follows:
General Fund $193,542
Water and Sewer Revenue Fund 31,312
Airport Revenue Fund 1,213
$226,067
8. Transfers of Surplus Funds:
During the year $580,000 of surplus funds of the Water and
Sewer Revenue Fund operations were transferred to the General
Fund. At the time of the transfers, all requirements of bond
reserve fund and interest and sinking fund had been satisfied.
The transfers were made from the surplus accounts of the Water
and Sewer Revenue Fund in compliance with existing ordinances
governing such transfers and in conformance with excess revenue
provisions of the pertinent revenue bond indentures.
1i
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71 CITY OF WICHITA FALLS, TEXAS
■ Notes to Financial Statements Page 4 of 4
September 30i 1970
9. Airport Lease:
' The airport facilities, acquired in 1964, are situated on land
at Sheppard Field Air Base leased from the Department of the
Air Force at a cost of $1.00 per year for a period of fifty
years beginning May 15, 1959 and expiring May 14, 2009.
' 10. Contracts and Commitments:
The City is contingently liable as endorser of a $400,000 note
payable made by the Wichita Falls General Hospital to a bank
for purchase of land. As of September 30, 1970, the remaining
balance of the note payable was $377,114 and all required
payments had been made.
GENERAL FUND
I
JARRATT, COCKE & TILLERY
ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103
1130 FIRST WICHITA NATIONAL BANK BUILDING
WICHITA FALLS,TEXAS
76301
December 28, 1970
1
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, 1970, on which we have rendered our opinion dated
December 28, 1970 (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-
wo eral Fixed Asset Fund, Water and Sewer Revenue Fund fixed asset
balances and the Statistical Section, as of September 30, 1970,
and for the year then ended.
In our opinion, such supplemental schedules (Exhibit B thru J),
except for the General Fixed Asset Fund, Water and Sewer Revenue
Fund fixed asset balances and the Statistical Section as to which
we do not express an opinion due to the reason set forth in the
preceding paragraph, when considered in relation to the basic
' financial statements, present fairly in all material respects
the information shown therein.
rJarratt, Cocke & Tillery
i By:
J y Tillery
rtified Public Accountant
-17-
CITY OF WICHITA FALLS, TEXAS Exhibit B-1
General Fund
I
Balance Sheet
September 30, 1970
Assets
Cash (Exhibit B-9) $ $ 270,775
Accounts Receivable:
Taxes receivable - delinquent (Exhibits B-6 and B-7) 675,722
Due from other funds 196,170
!P+++ Due from other governmental units (Note:A) 270,430
Other 36,691
Allowances for uncollectible accounts (Exhibit B-7) (212,058) 966,955
Inventories 41,260
Prepaid Expenses 1,458
Restricted Assets - Certificates of Deposit (Exhibit B-9) 6,800
$1,287,248
11
wr
Liabilities, Reserves And Fund Balance
bp Liabilities:
Accounts payable $ 112,613 $
°"" Due to other funds 119,500
AO Due to other governmental units 20,172
Accrued payroll (Note B) 103,691
Accrued interest - notes payable to bank 3,591
Notes payable - bank (Exhibit B-8) 325,000 684,567
Reserves:
For encumbrances (Exhibit B-4) 85,295
For capital improvements 73,123
Rebates, etc. 3,465 161,883
Fund Balance (Exhibit B-2) 440,798
$1,287,248
Notes:
A - $251,948.18 of the amount due from other governmental units is sales taxes
receivable due from the State of Texas.
Pm B - During the current fiscal year, the City changed from a semi-monthly to a
bi-weekly payroll.
bri
mom
ir
-18-
CITY OF WICHITA FALLS, TEXAS Exhibit B-2
General Fund
Statement Of Fund Balance
il�llll�
For The Year Ended September 30, 1970
Balance, October 1, 1969 $ 212,116
Additions:
Revenues (Exhibit B-3) 6,991,296
i Reserve for encumbrances, October 1, 1969
(Exhibit B-4) 50,968
7,254,380
Deductions:
Expenditures (Exhibits B-4 and B-5) 6,728,287
Reserve for encumbrances, September 30, 1970
(Exhibit B-4) 85,295
6 ,813,582
E,x Balance, September 30, 1970 $ 440,798
r
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I
io
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-19-
1
ICITY OF WICHITA FALLS, TEXAS Exhibit B-3
General Fund
Revenues - Estimated And Actual
IIFor The Year Ended September 30, 1970
Actual
I
Over (Under)
Estimated Actual Estimated
rim Taxes:
it Ad valorem taxes:
Current $2,676,245 $2,711,657 $ 35,412
Interest and penalties 50,000 52,516 2,516
II Sales taxes 1,330,000 1,350,000 20,000
Other 20,300 21,255 955
Street Rental Charges 481,000 .• 491,333 10,333
Sanitation Services 906,000 953,565 47,565
Fines And Forfeitures:
Municipal Court 200,000 200,497 497
II
Library 7,500
7,967 467
Parking Meter Revenue 140,250 121,081 (19, 169)
Licenses, Permits, Reports, Etc. 67,065 76,383 9,318
Service Charges And Fees:
I
Tax collection fees 115,000 117,195 2,195
Golf and recreation fees 83,700 76,819 (6,881)
Other 40,920 44,317 3,397
"""" Revenue From Use Of Money And Property:
Iwo Rentals and concessions 54,980 49,377 (5,603)
Interest 5,000 8 (4,992)
I School Nurse Program 47,000 47,000 -0-
Transfers From Water And Sewer Revenue Fund 580,000 580,000 -0-
Other Revenues:
Sale of fixed assets 15,515 37,233 21,718
II
Miscellaneous 29,700 53,093 23,393
$6,850, 175 $6,991,296 $141,121
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04
CITY OF WICHITA FALLS TEXAS Exhibit B-4 m
wwi
General Fund
Statement Of Appropriations And Expenditures .,►
For The Year Ended September 30, 1970
Authorizations ""
Reserve For alm
Encumbrances
Appropriations Outstanding
(After At Beginning
Department Revisions) Of Year Total .,
Mayor And Board Of Aldermen $ 20,410 $ 205 $ 20,615 wil
General Administration 100,858 • 100,858
Legal And City Clerk 75,597 75,597
Personnel 35,108 35,108 mil
Data Processing 175,516 84 175,600
Library 109,288 77 109,365 .,,
Health 266,595 139 266,734
Finance 89,791 89,791 owl
Tax 144,129 337 144,466
Municipal Court 73,617 73,617 3
Police 1,157,267 275 1,157,542
Fire 1,006,906 500 1,007,406
Fire Marshal 43,560 43,560
Public Safety 34,765 1,076 35,841 :I
Animal Control 27,623 27,623
Engineering 162,375 4 162,379
Inspection 56,957 56,957 :I
Property Agent 20,773 875 21,648
Street Maintenance 638,850 34,688 673,538
Sanitation 914,192 128 914,320
Parks And Recreation 382,976 972 383,948
Golf 73,867 163 74,030
Cemetery 47,765 41 47,806
Planning 70,397 70,397
IA
Traffic 293,134 7,423 300,557
Street Lighting 184,000 184,000
Parking Meters 38,967 492 39,459
6611
Building Maintenance 97,671 748 98,419
Auditorium Services 33,082 33,082
Purchasing 22,748 22,748
Central Garage -0- -0- .r r
Information Center 30,076 21 30,097
Special Items:
Stability, etc. payroll 74,500 74,500
Wichita General Hospital 80,000 80,000
Water Improvement District #2 76,500 76,500
Contributions to other funds 7,235 7,235
Interest 25,000 25,000 oili
Local mental health 20,000 20,000
Ambulance service 12,000 12,000
Nortex Regional Planning Commission 15,314 15,314
Other 93,300 2,720 96,020
$6,832,709 $ 50,968 $6,883,677
II
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I
CITY OF WICHITA FALLS, TEXAS Exhibit B-4
61
General Fund
Statement Of Appropriations And Expenditures
:: For The Year Ended September 30, 1970
ilm Encumbrances
iii Total Outstanding
Expenditures Unexpended At Close (Over)
. For The Year Balance Of Year Under
li $ 18,421 $ 2,194 $ $ 2,194
92,091 8,767 3 8,764
II 75,586 11 5 6
33,098 2,010 2,010
164,601 10,999 320 10,679
102,885 6,480 6,480
258,159 8,575 160 8,415
88,145 1,646 249 1,397
139,103 5,363 5,363
r" 75,955 ( 2,338) ( 2,338)
y 1,187,279 ( 29,737) 136 (29,873)
1,005,008 2,398 168 2,230
43,707 ( 147) ( 147)
li 34,710 1,131 189 942
27,900 ( 277) 30 ( 307)
151,096 11,283 19 11,264
uo
57,240 ( 283) ( 283)
im 21,485 163 163
663,279 10,259 21,509 (11,250)
932,619 ( 18,299) 20,317 (38,616)
ii 368,619 15,329 1,803 13,526
67,367 6,663 6,663
39,967 7,839 7,839
64,723 5,674 5,674
249,774 50,783 20,847 29,936
178,776 5,224 239 4,985
f!°% 39,308 151 151
I 98,955 ( 536) ( 536)
33,254 ( 172) ( 172)
II
22,651 97 97
( 116) 116 116 -0-
28,215 1,882 1,882
78,331 ( 3,831) ( 3,831)
80,000 -0- -0-
76,500 -0- -0-
II 7,235 -0- -0-
12,675 12,325 12,325
18,389 1,611 1,611
II 15,275 ( 3,275) ( 3,275)
15,259 55 55
or
60,763 35,257 19,185 16,072
$ 6,728,287 $ 155,390 $85,295 $ 70,095
11,
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CITY OF WICHITA FALLS, TEXAS Exhibit B-5
General Fund
Statement Of Expenditures
For The Year Ended September 30, 1970
Employee
Insurance
Salaries Retirement Supplies
And And And
Department Wages Payroll Taxes Materials
Mayor And Board Of Aldermen $ 1,020 $ $ 240
General Administration 72,581 5,218 4,094
Legal And City Clerk 55,343 4,693 2,668
Personnel 24,612 2,495 2,915
Data Processing 80,619 . 8,106 16,961 04
Library 54,252 5,936 4,774
Health 197,107 19,360 24,524
Finance 45,763 4,829 3,715
Tax 98,649 11,065 8,613 n '
Municipal Court 59,890 5,850 3,604
Police 931,483 63,172 65,434
Fire 859,165 66,591 20,073u
Fire Marshal 34,211 3,814 1,962
Public Safety 24,343 2,106 2,032
Animal Control 18,863 2,096 3,124
Engineering 117,378 10,859 7,836
Inspection 46,702 4,621 2,245
Property Agent 15,647 1,028 2,296
Street Maintenance 247,822 27,836 30,684
Sanitation 507,661 56,110 54,164
Parks And Recreation 242,050 24,981 27,486
Golf 37,412 3,927 8,369
Cemetery 28,127 3,183 1,275
Planning 53,054 4,730 3,244
Traffic 138,521 13,584 31,072 hogoi
Street Lighting
Parking Meters 27,785 3,152 2,822
Building Maintenance 47,618 5,422 3,947
Auditorium Services 26,535 2,892 1,183
Purchasing 17,262 1,931 1,575
Central Garage 170,672 18,122 7,568
Information Center 23,322 2,034 841
Special Items:
Stability, etc. payroll 78,331
Wichita Falls General Hospital
Water Improvement District #2
Contributions to other funds
Interest
Local mental health
Ambulance service
Nortex Regional Planning Comm.
Other mi
$4,383,800 $389,743 $351,340
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CITY OF WICHITA FALLS, TEXAS Exhibit B-5
General Fund
Statement Of Expenditures
DI
For The Year Ended September 30, 1970
Utilities, Other Total
Rentals, Insurance Charges Expenditures
Outside And Capital And For The
Maintenance Services, Etc. Miscellaneous Expenditures (Credits) Year
$ $ 16,887 $ 274 $ $ $ 18,421
562 9,317 319 92,091
185 11,546 128 1,023 75,586
324 2,254 8 490 33,098
4,271 120,085 84 75 ( 65,600) 164,601
2,337 13,395 2,163 20,028 102,885
5,496 10,935 737 258,159
ii 339 33,332 167 88,145
831 17,710 628 1,607 139,103
475 5,010 109 1,017 75,955
45,097 34,288 5,400 42,405 1,187,279
10,346 41,451 3,887 3,495 1,005,008
1,621 1,132 313 654 43,707
1,068 3,852 183 1,126 34,710
ilt 2,354 621 351 491 27,900
4,563 4,511 1,167 4,782 151,096
1,659 1,541 472 57,240
iiii 510 1,473 85 446 21,485
157,886 5,175 5,635 68,241 120,000 663,279
182,542 2,948 10,010 119,184 932,619
ro
li 33,774 22,415 4,230 13,683 368,619
4,784 5,921 1,088 5,866 67,367
2,796 1,459 287 2,840 39,967
ho 386 2,822 189 298 64,723
18,055 37,559 2,045 8,938 249,774
178,776 178,776
1,902 736 320 2,591 39,308
4,413 26,986 9,244 1,325 98,955
410 1,207 125 902 33,254
54 1,816 13 22,651
6,106 5,432 1,352 5,107 (214,475) ( 116)
158 1,831 29 28,215
""° 78,331
80,000 80,000
76,500 76,500
7,235 7,235
12,675 12,675
18,389 18,389
15,275 15,275
15,259 15,259
25,684 35,079 60,763
$ 495,304 $ 624,423 $ 51,042 $ 332,298 $ 100,337 $ 6,728,287
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CITY OF WICHITA FALLS, TEXAS Exhibit B-6
to
General Fund
' Changes In Taxes Receivable
For The Year Ended September 30, 1970
Delinquent Current
Taxes Taxes Total
Oil
Balance, October 1, 1969 $ 692,942 $ -0- $ 692,942
Additions:
Taxes levied 2,719,295 2,719,295
Transfer from current 101,362 101,362
794,304 2,719,295 3,513,599
Deductions:
Collections 91,600 2,616,477 2,708,077
Transfer to delinquent 101,362 101,362
Adjustments, write-offs, etc. 26,982 1,456 28,438
118,582 2,719,295 2,837,877
Balance, September 30, 1970 $ 675,722 $ -0- $ 675,722
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CITY OF WICHITA FALLS, TEXAS Exhibit B-7
General Fund
Aged Schedule Of Taxes Receivable
September 30, 1970
Fiscal Year Amount
1954 And Prior $ 20,880
1955 - 1956 5,523
' 1956 - 1957 6,243
1957 - 1958 7,939
1958 - 1959 14,022
1959 - 1960 19,012
1960 - 1961 24,068
1961 - 1962 27,590
1962 - 1963 34,673
1963 - 1964 41,998
1964 - 1965 55,340
1965 - 1966 64,625
1966 - 1967 86,244
1967 - 1968 98,486
1968 - 1969 67,717
1969 - 1970 101,362
IGross Tax Receivable 675,722
Allowance For Uncollectible Taxes Receivable (197,900)
Net Taxes Receivable $ 477,822
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ICITY OF WICHITA FALLS, TEXAS Exhibit B-8
General Fund
I
Schedule Of Notes Payable
September 30, 1970
Interest Due I
Payable To Rates Dates Amount
City National Bank - Wichita Falls 6.757 12/19/70 $100,000
City National Bank - Wichita Falls 6.357 1/30/71 75,000
1 City National Bank - Wichita Falls 6.207 2/28/70 150,000
$325,000
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CITY OF WICHITA FALLS, TEXAS Exhibit B-9
General Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
Balance, October 1, 1969:
Cash in bank - demand deposits $ 100,961 $
Cash on hand 870 101,831
Receipts:
General revenues 2,483, 150
From tax collections - ad valorem taxes
current and non-current 2,688,519
Transfers from Water and Sewer Revenue Fund 580,000
Sales taxes receivable 347,746
Accounts receivable, including other funds 488,413
Sanitation service 929,829
Expenditure reimbursements, etc. 92,001
Payables, including other funds 81,729
Notes payable 325,000 8,016,387
8,118,218
Disbursements:
Expenditures 6,331,987
Notes payable 635,000
Materials and supplies (inventories) 370,804
Accounts payable, contracts, etc. 252,407
Temporary loans to other funds 86,766
Refunds, rebates, reimbursable items, etc. 163,679 7,840,643
Balances, September 30, 1970:
Cash in bank - demand deposits 269,890
Cash on hand 885
Restricted assets - certificates of deposit 6,800 $ 277,575
' PARTICIPATION PAVING FUND
1
h+PMlrF:ia*^m m4x'ri'•^k.64NKFft W ft ixNneftft WRFhti _ _ ra:.ae...,,.,. .....
I
' CITY OF WICHITA FALLS, TEXAS Exhibit C-1
Participation Paving Fund
' Balance Sheet
September 30, 1970
Assets
Cash (Exhibit C-3) $ $ 19,042
Accounts Receivable:
Paving receivables 520,210
Due from other funds 111,744 631,954
$650,996
Liabilities, Reserves And Fund Balance
Liabilities:
Accounts payable $ 2,500 $
Due to other funds 73,499
Advance payments, etc. 22,760 98,759
Reserve For Rebates, Etc. 2,812
Fund Balance (Exhibit C-2) 549,425
$650,996
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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, 1970
Revenues:
1 Street paving assessments $ 437,753
Alley paving assessments 68,489
Sidewalk paving assessments 24,816
Interest on paving receivables 11,469
542,527
Expenditure For Street, Alley, And
Sidewalk Paving 214,074
328,453
Contribution-From General Fund 110,000
438,453
Fund Balance, October 1, 1969 110,972
Fund Balance, September 30, 1970 $ 549,425
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CITY OF WICHITA FALLS, TEXAS Exhibit C-3
Participation Paving Fund
' Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
Balance, October 1, 1969
' Cash in bank - demand deposits $ $ 7,355
Receipts:
Collections on paving receivables 184,553
Advance payments collected 44,729
Inter-fund transactions 20,000
Interest on paving receivables 9,156 258,438
to 265,793
Disbursements:
Paving projects 211,575
Inter-fund transactions 22,658
Accounts payable 11,443
Refunds, etc. 1,075 246,751
Balance, September 30, 1970
Cash in bank - demand deposits $ 19,042
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AIRPORT REVENUE FUND
I
CITY OF WICHITA FALLS, TEXAS Exhibit D-1
Airport Fund
Balance Sheet
September 30, 1970
' Assets
Current Assets:
Cash (Exhibit D-4) $ 38,697
Trade accounts receivable 15,437
' Accounts receivable from other funds 9,249
Other receivables 1,581
Total current assets $ 64,964
Restricted Assets: (Exhibit D-5)
Revenue bond debt service - cash 20,752
Revenue bond reserve:
Cash 423
Certificate of deposit 38,000
Total restricted assets 59,175
Plant and Equipment: (Exhibit D-3)
Buildings and improvements 494,392
Furniture and fixtures 18,077
Machinery and equipment 13,625
Motor vehicles 4,003
Total plant and equipment 530,097
FI Less accumulated depreciation 62,486
oo Net plant and equipment 467 611
' Total $ 591,750
Liabilities
' Current Liabilities (Payable From Current Assets)-
Accounts payable $ 68
Current Liabilities (Payable From Restricted Assets) :
Accrued revenue bond interest payable $ 7,927
Revenue bonds payable 20,000 27,927
Total current liabilities 27,995
' Revenue Bonds Payable::
Series 1964 bearing interest of 3-1/2%,
3-3/4% and 4% maturing serially 295,000
""' Less current maturity ( 15,000)
Series 1967 bearing interest of 4%
maturing serially 130,000
Less current maturity ( 5,000) 405,000
Retained Earnings (Exhibit D-2) 158,755
' Total $ 591,750
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CITY OF WICHITA FALLS, TEXAS Exhibit D-2
Airport Fund
Statement Of Operations And Retained Earnings
For The Year Ended September 30, 1970
Operating Revenues $ 117,520
Operating Expenses:
Salaries and wages $ 31,985
Utilities and telephone 12,498
Landing fee rental 6,639
Maintenance 3,484
Supplies and materials 2,842
Employee insurance and retirement 1,758
Social security 1,415
1 Insurance 1,230
Other 1,290 63,141
54,379
Other Income:
Interest 1,819
Income exceeding a fiscal year operations
resulting from conversion to a fully
accrual method of income recognition 3,810 5,629
60,008
two
Other Charges:
Interest on revenue bonds 17,453
' Depreciation 14,163 31,616
Net Income For The Year 28,392
Retained Earnings, Beginning Of Year 130,363
Fop
Retained Earnings, End Of Year $ 158,755
-31-
CITY OF WICHITA FALLS, TEXAS Exhibit D-3
Airport Fund
Statement Of Plant, Equipment And Depreciation
September 30, 1970
Rif
Plant And Equipment
Balances Balances
9/30/69 Additions Deletions 9/30/70
mi
Land And Betterments $ 941 $ $ $ 941
eg
Buildings And
Improvements 488,015 5,436 493,451 ,,,,,
Furniture And Fixtures 17,597 480 18,077
Machinery And wo
Equipment 11,870 1,755 13,625
Motor Vehicles 2,233 1,770 4,003
.16
$520,656 $ 9,441 $ $530,097
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ICITY OF WICHITA FALLS, TEXAS Exhibit D-3
Airport Fund
I Statement Of Plant, Equipment And Depreciation
September 30, 1970
I Accumulated Depreciation
Balance Balance Undepreciated
9/30/69 Additions Deletions 9/30/70 Balance
$ 28 $ 19 $ $ 47 $ 894
38,580 10,313 48,893 444,558
5,825 1,784 7,609 10,468
3,610 1,268 4,878 8,747
1 280 779 1,059 2,944
$48,323 $14,163 $ $62,486 $ 467,611
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CITY OF WICHITA FALLS TEXAS Exhibit D-4
Airport Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
Revenue Bond Revenue
Operating Interest And Bond Reserve
Total Fund Sinking Fund Fund
Balances, October 1, 1969:
Cash in bank:
Demand deposits $ 30,246 $ 11,256 $18,564 $ 426
Certificates of
deposits 35,000 35,000
65,246 11,256 18,564 35,426
Receipts:
Operating revenues 105,982 105,982
Trade receivables 6,734 6,734
Funds collected for
others 930 930
Inter-fund receivables 25,058 25,058
Intra-fund transfers 36,012 34,812 1,200
:Interest on certi-
ficates of deposit 1,797 1,797
176,513 138,704 34,812 2,997
241,759 149,960 53,376 38,423
Disbursements:
Operating expenses and
capital improvements 72,532 72,532
Intra-fund transfers 36,012 36,012 •
Inter-fund payables, etc. 117 117
Other receivables 1,581 1,581
Funds collected for
others 930 930
Accounts payable 91 91
Revenue bond principal 15,000 15,000
Revenue bond interest 17,624 17,624
143,887 111,263 32,624
Balances, September 30, 1970:
Cash in bank:
Demand deposits 59,872 38,697 20,752 423
Certificates of
deposit 38,000 38,000
$ 97,872 $ 38,697 $20,752 $38,423
WATER AND SEWER REVENUE FIND
CITY OF WICHITA FALLS,„ TEXAS Exhibit E-1
Water And Sewer Revenue Fund
Balance Sheet
September 30, 1970
riff
Assets
Current Assets:
Cash (Exhibit E-5) $ 66,334
11 Trade receivables (less $10,000
allowance for uncollectible accounts) 219,912
Other receivables 1,514
11 Inventory of materials and
supplies (average cost) 136,407
Due from other funds 2,267
Total current assets $ 426,434
Restricted Assets: (Exhibit E-5)
Cash 300,688
Certificates of deposit 2,201,000
Total restricted assets 2,501,688
Utility Plant And Equipment (Exhibit E-4) 31,953,413
Total _ $34,881,535
“ Liabilities And Retained Earnings
Current Liabilities: (Payable From Current Assets)
itoo
Accounts payable $ 18,871 $
Accrued payroll 13,980
Inter-fund payable 107,915 140,766
60
Current Liabilities: (Payable From Restricted
Assets)
Accrued revenue bond interest payable 68,334
Revenue bonds payable 545,000 613,334
jiTotal current liabilities 754,100
Revenue Bonds Payable:
Series 1963 4,045,000
Series 1966 3,125,000
Series 1966A 1,575,000
Series 1968 2,075,000
Total revenue bonds payable 10,820,000
Less current maturities 545,000 10,275,000
Consumer Deposits 234,226
Refunding Contracts With Respect To
Certain Facilities 398,479
Retained Earnings (Exhibit E-2) 23,219,730
Total $34,881,535
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ICITY OF WICHITA FALLS, TEXAS Exhibit E-2
Water And Sewer Revenue Fund
Statement Of Retained Earnings
IFor The Year Ended September 30, 1970
IBalance, October 1, 1969 $22,898,130
Additions:
Net income for the year (Exhibit E-3) 646,129
Contributions in aid of construction 255,471
23,799,730
-
Deduction Transfer To General Fund 580,000
Balance, September 30, 1970 $23,219,730
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CITY OF WICHITA FALLS, TEXAS Exhibit E-3
Water And Sewer Revenue Fund
Statement Of Operations
For The Year Ended September 30, 1970
Operating Revenues:
Water service $ 2,619,434
Sewer service 468,070
41. Other operating 66,106
Total operating revenues $ 3,153,610
Operating Expenses:
Salaries and wages 722,464
ho Payroll taxes 32,711J
Supplies and materials 191,685
Maintenance 156,175
bb Rentals, insurance, utilities, etc. , 145,798
Employee insurance and retirement 44,868
4". Data processing 65,600
Miscellaneous 29,477
Total operating expenses :531 .388
„ Operating profits before depreciation 1,764,832
Depreciation 828,356
Operating profits after depreciation 936,476
Other Income - Interest 135,752
106 1,072,228
P• Other Charges-
Interest on revenue bonds 426,099
PI
Net Income For The Year $ 646,129
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CITY OF WICHITA FALLS,. TEXAS Exhibit E-4
di
Water And Sewer Revenue Fund
Statement Of Property, Equipment And Depreciation
September 30, 1970
Property And Equipment
Balance Balance two
9/30/69 Additions Deletions 9/30/70 °1i
Water:
Land and betterments $12, 158,182 $ 32,600 $ $12, 190,782 II
Buildings and improvements 18,708,015 38,239 1,153 18,745,101
Furniture and fixtures 11,817 135 11,682
Machinery and equipment 834,294 16,384 8,211 842,467 l[
Motor vehicles 76,158 10,060 7,415 78,803
Construction in progress 174,704 38,020 212,724
mm
Total Water 31,963,170 135,303 16,914 32,081,559
Sewer:
Land and betterments 78,446 302 78,748
Buildings and improvements 7,535,427 8,901 43,853 7,500,475
Furniture and fixtures 608 608
Machinery and equipment 63,610 1,925 13,941 51,594
Motor vehicles 24,048 3,866 3,404 24,510
Construction in progress 10,741 12,381 23,122
Total Sewer 7,712,880 27,375 61,198 7,679,057
Total Water And Sewer:
Land and betterments 12,236,628 32,902 12,269,530
Buildings and improvements 26,243,442 47, 140 45,006 26,245,576
Furniture and fixtures 12,425 135 12,290
Machinery and equipment 897,904 18,309 22,152 894,061
Motor vehicles 100,206 13,926 10,819 103,313
Construction in progress 185,445 50,401 235,846
Total Water And Sewer $39,676,050 $162,678 $78,112 $39,760,616
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CITY OF WICHITA FALLS, TEXAS Exhibit E-4
3
Water And Sewer Revenue Fund
I
Statement Of Property, Equipment And Depreciation
September 30, 1970
Depreciation
Balance Balance Undepreciated
9/30/69 Additions Deletions 9/30/70 Balance
quo
iii $ 208,288 $ 96,203 $ $ 304,491 $11,886,291
4,605,685 425,991 605 5,031,071 13,714,030
8,074 731 107 8,698 2,984
380,510 65,957 3,273 443,194 399,273
iii 43,237 12,431 5,648 50,020 28,783
-0- -0- 212,724
II 5,245,794 601,313 9,633 5,837,474 26,244,085
I -0- -0- 78,748
1,725,244 220,351 31,855 1,913,740 5,586,735
394 60 454 154
II 45,865 4,224 9,995 40,094 .11,500
iiii 16,437 2,408 3,404 15,441 9,069
-0- -0- 23,122
3 1,787,940 227,043 45,254 1,969,729 5,709,328
208,288 96,203 304,491 11,965,039
6,330,929 646,342 32,460 6,944,811 19,300,765
8,468 791 107 9,152 3, 138
II
426,375 70,181 13,268 483,288 410,773
59,674 14,839 9,052 65,461 37,852
-0- -0- 235,846
II $7,033,734 $828,356 $54,887 $7,807,203 $31,953,413
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CITY OF WICHITA FALLS, TEXAS Exhibit E-5
Water And Sewer Revenue Fund
Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
Revenue Bond
ii
Operating Interest And
Total Fund Sinking Fund
01
Balances, October 1, 1969 iii
Cash in bank:
Demand deposits $ 190,649 $ 34,930 $ 48,859 001
Certificates of deposit 2,135,000 169,000
Cash on hand 1,000 1,000
2,326,649 35,930 217,859
Receipts:
Refuse accounts collected for
General Fund 962,613 962,613
Water and Sewer consumer accounts
receivable and other operating revenues 3,151,281 3,151,281
Accounts receivable from other
governmental agencies - U.S. Government 150,000
Reimbursement of expenditures 7,398 7,351
.40
Consumer deposits 56,788 56,788
Interest on certificates of deposit 135,752 7,984
Intra-fund transfers 1,186,390 970,590
Intra. and inter-fund receivables
and payables 43,954 10,642
Miscellaneous 4,400 4,400
5,698,576 4,193,075 978,574 0 ;
8,025,225 4,229,005 1,196,433
Disbursements: -.,
Operating expenses 1,015,579 1,015,579
Capital improvements 138,923 16,441
Water and Sewer stores - inventory 108,365 108,365
Accounts and contracts payable 119,073 85,777 :I
Refunds under contract with developers 86,762 86,762
Remittances of refuse accounts collected
to General Fund 929,829 929,829 "I
Transfer to General Fund 580,000 580,000 004
Intra and inter-fund receivables and
payables (includes Central Garage and
Data Processing charges) 316,280 310,704
Intra-fund transfer 1,186,390 1,028,343 Si
Bond principal payment 545,000 545,000 li
Bond interest payment 430,131 430,131
Miscellaneous 871 871II
5,457,203 4,162,671 975,131
Balances, September 30, 1970 mil
Cash in bank:
iii
Demand deposits 366,022 65,334 221,302
Certificates of deposit 2,201,000 ,o
Cash on hand 1,000 1,000
ii
$2,568,022 $ 66,334 $ 221,302
PR
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:I CITY OF WICHITA FALLS, TEXAS Exhibit E-5
Water And Sewer Revenue Fund
im Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
ii Revenue Series 1963 Series 1966 Series 1968
Bond Reserve Revenue Revenue Revenue
Fund Bond Funds Bond Funds Bond Funds
om $ 368 $ 27,939 $ 24,368 $ 54,185
668,000 338,000 960,000
668,368 365,939 24,368 1,014,185
. 150,000
45 2
,, 45,147 21,115 61,506
57,753 158,047
mho
1,000 32,312
0.
102,900 21,115 151,045 251,867
771,268 387,054 ' 175,413 1,266,052
11
11,832 3,323 107,327
14,043 19,253
iii
II
II520 5,056
158,047
P"
ii
-0- 12,352 175,413 131,636
I'
ii
268 14,702 64,416
II 771,000 360,000 1,070,000
10 $771,268 $374,702 $ -0- $1,134,416
00
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� DEBT SERVICE FUND
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CITY OF WICHITA FALLS, TEXAS Exhibit F-1
Debt Service Fund
Balance Sheet
September 30, 1970
Assets
Cash (Exhibit F-5) $ $122,585
' Accounts Receivable:
Taxes receivable - delinquent (Exhibits F-3 and F-4) 357,936
' Due from other funds 14,476
Other 6,000
Allowances for uncollectible accounts (Exhibit F-4) (102,436) 275,976
Investment - United States Treasury Bond (Note) 100,000
Total $498,561
Liabilities, Reserves And Fund Balance
Fund Balance (Exhibit F-2) $498,561
Total $498,561
Note - Investment is a 4% United States of America Treasury Bond that matured
August 15,1970 and was surrendered for cash November 3, 1970.
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ICITY OF WICHITA FALLS, TEXAS Exhibit F-2
Debt Service Fund
Statement Of Reserve For Future Debt Payments
September 30, 1970
Balance, September,30, 1970 $ $ 503,725
IAdd - Revenues:
Property taxes (less allowance for
I estimated losses of $5,896) 2,020,101
Interest on certificates of deposit 32,622
Interest on investment 4,000
Interest on sale of bonds 21,729
Contributions from other funds 33,140 2, 111,592
2,615,317
' Deduct - Expenditures: (Note)
General serial bond maturities 1,178,000
Interest on general obligation bonds 936,476
Paying agents' fees 2,280 2,116,756
$ 498,561
a
' Note - Expenditures were in the same amount as revised appropriations for
the year ended September 30, 1970 and there were no encumbrances
outstanding at the beginning or end of the fiscal year.
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ICITY OF WICHITA FALLS, TEXAS Exhibit F-3
Debt Service Fund
' Changes In Taxes Receivable
September 30, 1970
Delinquent Current
Taxes Taxes Total
Balances, October 1, 1969 $347,494 $ -0- $ 347,494
Additions:
Taxes levied 2,027,084 2,027,084
Transfer from current 75,560 75,560
423,054 2,027,084 2,450,138
Deductions:
Collections 53,275 1,952,288 2,005,563
Transfer to delinquent 75,560 75,560
Adjustments, write-offs, etc. 11,843 (764) 11,079
65,118 2z027,084 2,092,202
Balances, September 30, 1970 $357,936 $ -0- $ 357,936
om
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CITY OF WICHITA FALLS, TEXAS Exhibit F-4
Debt Service Fund
Aged Schedule Of Taxes Receivable
September 30, 1970
Fiscal Year Amount
1954 And Prior $ 5,238
1955 - 1956 1,595
1956 - 1957 1,806
1957 - 1958 2,160
1958 - 1959 3,529
1959 - 1960 5,131
1960 - 1961 7,017
1961 - 1962 8,948
1962 - 1963 11,245
1963 - 1964 13,621
.,, 1964 - 1965 23,717
1965 - 1966 33,435
1966 - 1967 50,651
1967 - 1968 56,366
ww
1968 - 1969 57,917
1969 - 1970 75,560
Gross Tax Receivable 357,936
"" Allowance For Uncollectible Taxes Receivable (102,436)
Net Taxes Receivable $ 255,500
Tor
TIP
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ICITY OF WICHITA FALLS, TEXAS Exhibit F-5
Debt Service Fund
Statement Of Cash Receipts And Disbursements
September 30, 1970
Balance, October 1, 1969:
Cash in bank:
Demand deposits $ 24,150 $
Certificates of deposit 130,000 154,150
Receipts:
Taxes receivable - ad valorem 1,999,770
Interest collected on sale of 1968 series
general obligation bonds 21,729
Interest on certificates of deposit _32,622
Contributions from other funds 33,140 2,087,261
2,241,411
Disbursements:
General serial bond maturities 1,178,000
t Interest on general obligations bonds 936,476
Paying agents' fees 2,280
Refunds - taxes receivable 2,070 2,118,826
Balance, September 30, 1970:
Cash in bank:
Demand deposits $ 122,585
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MMINNEMNIM
CAPITAL PROJECTS FUNDS
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CITY OF WICHITA FALLS, TEXAS Exhibit G-1 .0
Capital Project Funds
Combined Balance Sheet .„
September 30, 1970
1963 And
Waterworks
Improvements
Combined Bonds Fire
Total 1959 Station Library "
Assets
Cash: (Exhibit G-4)
Demand deposits $ 567,438 $ 94,840
Certificates of deposit 1,125,000
1,692,438 94,840
Accounts Receivable:
Due from other funds 68,356
Due from other governmental units 676,264
744,620
Bonds Authorized And Unissued (Exhibit G-3) 2,000,000
Totals $4,437,058 $ 94,840 $ -0- $ -0-
Liabilities, Reserves And Fund Balances
Liabilities:
Accounts payable $ 137,607 $ $ $
Due to other funds 1,514 1,507
139,121 1,507 _
Reserves For Encumbrances (Exhibit G-2) 1,306,081
Fund Balances (Exhibit G-2) 2,991,856 93,333
Totals $4,437,058 $ 94,840 $ -0- $ -0-
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I
ICITY OF WICHITA FALLS, TEXAS Exhibit G-1
Capital Project Funds
I Combined Balance Sheet
September 30, 1970
1964 Series 1968 Series
IStreet And Health Street And
Police Storm Unit Fire Storm
IStation Drainage Building Station Drainage
I
$ $ 230 $ 83,379 $ $ 388,989
1,125,000
I230 83,379 1,513,989
I 28,356 40,000
111,500 564,764
28,356 111,500 604, 764
2,000,000
$ -0- $ 28,586 $194,879 $ -0- $4, 118,753
$ $ 18,251 $ 12,584 $ $ 106,772
9
18,251 12,584 106,779
136,706 1, 169,375
10,335 45,589 2,842,599
$ -0- $ 28,586 $194,879 $ -0- $4,118,753
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CITY OF WICHITA FALLS, TEXAS Exhibit G-2
Capital Projects Funds
Combined Statement Of Authorizations, Expenditures And Encumbrances
September 30, 1970
Series 1963 And
Waterworks
Improvement
Combined Bonds Fire
Total 1959 Station Library
amount Appropriated - Bonds Authorized $20,480,000 $4,000,000 $250,000 $250,000
Ldditions - Net:
Prior years 1,383,733 118,614 3,570 61,872
Current years:
Interest on certificates of deposit 139,359 4,138
Contributions from other governmental
agencies 10,000
Contribution from general fund 7,235
22,020,327 4,122,752 253,570 311,872
ess Expenditures:
Prior years 14,414,295 4,004,993 253,260 307,881
Current year 3,308,095 24,426 310 3,991
17,722,390 4,029,419 253,570 311,872
nexpended Balance 4,297,937 93,333
ess - Reserve For Encumbrances,
September 30, 1970 1,306,081
glance, September 30, 1970 $ 2,991,856 $ 93,333 $ -0- $ -0-
or
5-
_w,,«„_ wmm. nw+r w�5r mim*mawhwm. t ca, „.ems,., aa.uaw,.,,.e,wmsn«s+w:mu+ceura b.�r
r CITY OF WICHITA FALLS, TEXAS Exhibit G-2
1y
Capital Projects Funds
1 Combined Statement Of Authorizations, Expenditures And Encumbrances
September 30, 1970
1964 Bonds Series 1968 Bonds I
Street And Health Street And
Police Storm Unit Fire Storm
IStation Drainage Building Station Drainage
$750,000 $3,795,000 $390,000 $375,000 $10,670,000
26,262 409,782 542,353 55,907 165,373
I7,521 127,700
10,000
7,235 _
776,262 4,204,782 949,874 438,142 10,963,073
775,766 4,194,447 137,665 430,775 4,309,508
496 629,914 7,367 2,641,591
776,262 4,194,447 767,579 438,142 6,951,099
10,335 182,295 4,011,974
136,706 1,169,375
$ -0- $ 10,335 $ 45,589 $ -0- $ 2,842�599_
CITY OF WICHITA FALLS, TEXAS Exhibit G-3
Capital Projects Funds
Schedule Of Bonds Authorized - Unissued
September 30, 1970
Authorized
Date Amount 1
General Obligation - Capital Projects Funds
Street And Storm Drainage Bonds 9/28/67 $10,670,000
$10,670,000
4411
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I/
CITY OF WICHITA FALLS, TEXAS Exhibit G-3
Capital Projects Funds
Schedule Of Bonds Authorized - Unissued
September 30, 1970
Issued
Amount
Date Amount Unissued
1968 $2,235,000
12/01/68 4,435,000
2/15/70 2,000,000 $2,000,000
$8,670,000 $2,000 000
CITY OF WICHITA FALLS: TEXAS Exhibit G-4
Capital Projects Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
General Obligation
Pi
Waterworks
Improvement
Combined Bonds Fire
Total 1959 Station Library
valance, October 1, 1969:
Cash in bank:
Demand deposits $ 455,638 $ 17,018 $ 310 $ 3,991
Certificates of deposit 2,100,000 100,000
2,555,638 117,018 310 3,991
eceipts:
Sale of bonds 2,000,000
Interest on certificates of deposit 139,359 4,138
Inter-fund receivables and payables 29,893
Contributions from other
governmental agencies 10,000
Sale of assets 7,441
Accounts receivable from other
governmental agencies and current
year participation by State
of Texas 1,432,273
Miscellaneous receivables 32 32
3,618,998 4,170
6,174,636 121,188 310 3,991
bursements:
Bond project cost 4,203,799 22,919 310 3,991
Transfer to debt service fund 33, 139
Accounts and contracts payable 22D,423 213
Inter-fund receivables and payables 24,837 3,216
4,482,198 26,348 310 3,991
Ince, September 30, 1970:
;ash in bank
Demand deposits 567,438 94,840
Certificates of deposit 1,125,000 i
$1,692,438 $ 94,840 $ -0- $ -0-
1
_..,.�u.r� 'G&x* tti'...nV ;n�` k,u'12kfl1W� " INa e6W,WPkiMy, xSn'JMk+t+.4'+1';n. m*,«„utVA t9 pArW�.tielWft�VaHS. Sri.
CITY OF WICHITA FALLS, TEXAS Exhibit G-4
Capital Projects Funds
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended Septgmber 30, 1970
Bonds 1963 And 1964 General Obligation Bonds 1968
Street And Health Street And
Police Storm Unit Fire Storm
Station Drainage Building Station Drainage
$ 496 $ 4,761 $111,245 $ 152 $ 317,665
200,000 1,800,000
496 4,761 311,245 152 2,117,665
2,000,000
7,521 127,700
22,658 7,235
10,000
7,441
398,500 1,033,773
22,658 416,021 7,235 3,168,914
496 27,419 727,266. 7,387 5,286,579
496 617,331 7,367 3,551,385
33,139
27,189 26,556 20 166,445
21,621
496 27,189 643,887 7,387 3,772,590
230 83,379 388,989
1,125,000
$ -0- $ 230 $ 83,379 $ -0- $1,513,989
TRUST AND AGENCY FUNDS
CITY OF WICHITA FALLS) TEXAS Exhibit H-1
11
Trust And Agency Fund
Combined Balance Sheet
September 30, 1970 1
Cab
Combined Social Company
Total Security Payroll Trust
Assets
lash (Exhibit H-3) $183,993 $85,543
)ue From Other Funds 2 2
)ue From Other Governmental Agencies 243,899
Miscellaneous Receivables 2,675
Securities Held In Trust 10,000 10,000
Totals $440,569 $85,545 $ -0- $10 000
Liabilities And Fund Balances
ccounts Payable $298,229 $85,545 $ $
ie To Other Governmental Agencies 9,821
ie To Other Funds 99,836
nd Balance (Exhibit H-2) 32,683 10,000
Totals $440,569 $85,545 $ -0- $10,000 ,
11
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CITY OF WICHITA FALLS, TEXAS Exhibit H-1
Trust And Agency Fund
Combined Balance Sheet
September 30, 1970
Container Urban Mass Municipal Police
Train Tax Tax Transportation Information Systems
Study Refund Collection Study System Management
$20,227 $8,358 $57,511 $ 7,239 $ $5,115
9,440 234,459
2,675
$20,227 $8,358 $57,511 $16,679 $237,134 $5,115
$ 5,499 $8,358 $ $ $196,068 $2,759
9,821
10 47,690 17,800 34,336
14,718 (1,121) 6,730 2,356
$20,227 $8,358 $57,511 $16,679 $237,134 $5,115
H4FMtiwnn.asr ...+< arXM. mxi6MM!' {,h,C AS53n('b al"1U wM .cn.«s im n ,.r ., M k.w nxMA a'i*erkamiN*'irw'c+.nkWer
:1
CITY OF WICHITA FALLS, TEXAS Exhibit H-2
Trust And Agency Fund
Combined Statement Of Revenue And Expenditures And Fund Balances
For The Year Ended September 30, 1970
mi
Cab
Combined Social Company
Total Security Payroll Trust omit
Fund Balances, October 1, 1969 $ 12,539 $ -0- $ -0- $10,000
Additions:
U. S. Government Grants 608,372
State Grants 14,000
622,372 -0- -0- -0-
634,911 -0- -0- 10,000
Deductions -
Expenditures 602,228
602,228 -0- -0- -0-
Fund Balances, September 30, 1970 $ 32,683 $ -0- $ -0- $10,000
1
r CITY OF WICHITA FALLS) TEXAS Exhibit H-2
Ai
Trust And Agency Fund
" Combined Statement Of Revenue And Expenditures And Fund Balances
iii For The Year Ended September 30, 1970
Container Urban Mass Municipal Police
1 Train Tax Tax Transportation Information Systems
Study Refund Collection Study System Management
"" $ 2,539 $ -0- $ -0- $ -0- $ -0- $ -0-
mmo
,,, 70,274 57,252 480,846
14,000
am
70,274 -0- -0- 57,252 480,846 14,000
im 72,813 -0- -0- 57,252 480,846 14,000
!!
58,095 58,373 474,116 11,644
58,095 -0- -0- 58,373 474,116 11,644
m.
$14 t718 $ -0- $ -0- $(1,121) $ 6,730 $ 2,356
MI
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CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Trust And Agency Fund
Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
Cab
Combined Social Company
Toial Security Payroll Trust
Balances, October 1, 1969
Cash in bank - demand deposits $ 160,590 $ 81,190 $ -0- $ -0-
Receipts:
From other funds 5,865,524 358,563 5,500,406
From U. S. Government 372,132
From State of Texas 14,000
For tax refunds 27,738
Ad valorem taxes 9,426,599
15,705,993 358,563 5,500,406 -0-
15,866,583 439,753 5,500,406 -0-
Disbursements:
Miscellaneous receivables 2,675
Payrolls and related 5,854,616 354,210 5,500,406
Due to other funds 29,035
Project expenditures 338,561
Tax refunds 29,108
Taxes collected for City funds 4,769,891
Taxes collected for other
governmental units 4,658,157
Accounts payable 547
15,682,590 354,210 5,500,406 -0-
Balances, September 30, 1970
Cash in bank - demand deposits $ 183,993 $ 85,543 $ -0- $ -0-
Pri
iii
CITY OF WICHITA FALLS, TEXAS Exhibit H-3
Trust And Agency Fund
1 Combined Statement Of Cash Receipts And Disbursements
For The Year Ended September 30, 1970
Container Urban Mass Municipal Police
Train Tax Tax Transportation Information Systems
Study Refund Collection Study System Management
II
$ 3,090 $ 9,728 $ 58,960 $ 7,622 $ -0- $ -0- -
6,555
70,274 55,471 246,387
14,000
27,738
9,426,599
70,274 27,738 9,426,59.9 62,026 246,387 14,000
73,364 37,466 9,485,559 69,648 246,387 14,000-_
2,675
4,035 25,000
°° 52,591 58,373 218,712 8,885
29,108
4,769,891
4,658,157
wa
546 1
53,137 29,108 9,428,048 62,409 246,387 8,885
iii
I $20,227 $ 8,358 $ 57,511 $ 7,239 $ -0- $ 5, 115
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I GENERAL FIXED ASSETS
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CITY OF WICHITA FALLS, TEXAS Exhibit I-1
General Fixed Assets
Balance Sheet .
September 30, 1970
Assets
' Land And Betterments $27,540,073
Building And Improvements 3,365,613
' Furniture And Fixtures 620,539
Machinery And Equipment 2,451 ,587
Motor Vehicles 1,177,877
Construction In Progress 2,748,548
Total Assets $37,904,237
' Investment In Fixed Assets
Fixed Assets Acquired Prior To September 30, 1964 $21,073,582
' Fixed Assets Provided By General Fund 3,221,262
Fixed Assets Contributed 1,079,906
Fixed Assets Provided By Bond Fund 12,529,487
Total Investment In Fixed Assets $37,904,237
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II
CITY OF WICHITA FALLS, TEXAS Exhibit I-2
General Fixed Assets
Statement Of Additions And Deletions - By Department
September 30, 1970
Balance Balance
"" 9-30-69 Additions Deletions 9-30-70
Mayor And Board Of Aldermen $ 4,097 $ $ $ 4,097
City Manager 16,791 2,105 2,204 16,692
Legal And City Clerk 19,221 1,933 125 21,029
Personnel 3,868 2,756 6,624
Data Processing 18,520 746 24 19,242
CLibrary 712,878 24,166 6,844 730,200
Health 209,323 698,665 68,751 839,237
Finance 9,923 60 9,863
iTax 35,731 3,698 3,511 35,918
Municipal Court 11,610 1,579 13,189
Public Safety 28,961 1,500 30,461
Police 798,787 43,801 36,451 806,137
Fire 1,129,025 11,147 4,177 1,135,995
Fire Marshal 9,699 2,613 12,312
Animal Control 19,539 491 20,030
IEngineering 52,022 7,188 59,210
Inspection 15,823 15,823
Property Agent 6,896 '446 7,342
IStreet Maintenance 23,411,900 2,682,466 1,259,942 24,834,424
Sanitation 661,954 128,280 790,234
Parks 2,238,205 17,242 15,900 2,239,547
Golf 131,313 14,051 3,713 141,651
Cemetery 29,875 2,906 2,141 30,640
Planning 8,162 298 131 8,329
Traffic Engineering 902,173 6,776 988 907,961
t Street Lighting 10,000 10,000
I Parking Meters 96,864 2,099 98,963
Information Center 5,030 5,030
, Auditorium Services 37,493 901 38,394
Purchasing 3,753 25 3,778
' Central Garage 157,435 9,875 7,226 160,084
Building Maintenance 1,308,252 24,929 1,500 1,331,681.
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
$35,625,243 $3,692,682 $1,413,688 $37,904,237
_S 7_
CITY OF WICHITA FALLS, TEXAS Exhibit I-3
General Fixed Assets
Statement Of General Fixed Assets By Category
September 30, 1970
Land And Buildings And
Total Betterments Improvements
Mayor And Board Of Aldermen $ 4,097 $ $
City Manager 16,692
Legal And City Clerk 21,029
Personnel 6,624
Data Processing 19,242
Library 730,200 5,202 302,410
Health 839,237 65,411 35,073
Finance 9,863
Tax 35,918
Municipal Court 13,189
Public Safety 30,461
Police 806,137 30,102 531 ,554
Fire 1,135,995 129,349 514,284
Fire Marshal 12,312
Animal Control 20,030 11,800
Engineering 59,210 188 864
Inspection 15,823
Property Agent 7,342
Street Maintenance 24,834,424 22,123,626 99,916
Sanitation 790,234 29,172 17,075
Parks 2,239,547 1,694,412 298,407
Golf 141 ,651 3,976 93,059
Cemetery 30,640 11 ,005
Planning 8,329
Traffic Engineering 907,961 14,429
Street Lighting 10,000
Parking Meters 98,963 36,808
Information Center 5,030
Auditorium Services 38,394
Purchasing 3,778
Central Garage 160,084 50,000 40,667
Building Maintenance 1,331 ,681 32,534 1 ,254,192
WCID #1 3,315,211 3,264,872 11,885
WCID #2 19,235 2,380 15,360
SAFB - Terminal 57,612 57,612
Men's Recreational Building 128,062 128,062
$37,904,237 $27,540,073 $3,365,613
II
CITY OF WICHITA FALLS, TEXAS Exhibit I-3
General Fixed Assets
Statement Of General Fixed Assets By Category
ISeptember 30, 1970
Furniture And Machinery And Motor Construction
"' Fixtures Equipment Vehicles In Progress
iii
$ 4,097 $ $ $
I
5,501 3,679 7,512
•
17,602 3,427
2,208 2,150 2,266
5,426 11,566 2,250
I 417,195 5,393
38,745 36,546 15,665 647,797
5,242 4,621
I 14,746 7,120 15,087 6,085
3,832 2,237
379 28,432 1,650
28,649 126,405 89,427 I
16,804 75;297 400,261
2,913 9,399
188 3,381 4,661
I 6,476 27,451 24,,231
2,470 3,574 9,779
1,134 2,129 4079
I 1,212 420,678 110,568 2,078,424
1,994 403,535 338,458
9,010 187,215 50,503
I 1,924 36,140 6,552
1,332 14,780 3,523
4,559 1,983 1 ,787
6,822 850,718 35,992
I 10,000
791 52,601 8,763
1,865 992 2,173
4,258 34,136
1,582 2,196
2,703 31,789 34,925
8,505 10,218 3,905 22,327
38,454
269 1,226
$620,539 $2,451,587 $1,177,877 $2,748,548
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GENERAL BONDED DEBT
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CITY OF WICHITA FALLS, TEXAS Exhibit J-1
General Long - Term Debt
Balance Sheet
September 30, 1970
DEBITS
Amount Available For Retirement Of Serial Bonds
(Exhibit J-2) $ 243,061
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Amount To Be Provided For Retirement Of Serial Bonds 30,285,854
Total $30,528,915
CREDITS
Interest Payable - General Obligation Bonds
(Exhibit K-9) $ 7,585,915
General Obligation Bonds Payable - Serial Bonds
(Exhibit A-7) 22,943,000
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�+► Total $30,528,915
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I CITY OF WICHITA FALLS, TEXAS Exhibit J-2
` Schedule Of Amount Available In Debt Service Fund
For Retirement Of Bonds And Interest
September 30, 1970
1 Cash - Demand Deposits $122,585
Accounts Receivable:
Due from other funds $14,476
Other 6,000 20,476
Investment - United States Treasury Bond 100,000
Total $243,061
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' STATISTICAL SECTION
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ICITY OF WICHITA FALLS, TEXAS Exhibit K-1
Tax Revenues By Source
i Last Ten Fiscal Years
' Business
Gross
ON
Fiscal Total Ad Valorem Sales Receipts Occupation
I Year Taxes Taxes Taxes Taxes Taxes
I 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
I1964-65 4,230,263 3,871,990 -0- 350,130 8,143
1965 66 4,522,141 4,142,392 -0- 372,964 6,785
1966-67 4,859,914 4,442,557 -0- 410,148 7,209
' 1967•-68 5,802,415 4,479,498 884,386 432,128 6,403
1968-69 6,043,770 4,299,255 1,287,078 450,778 6,659
1969-70 6,590,542 4,743,846 1,350,000 489,841 6,855
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CITY OF WICHITA FALLS, TEXAS Exhibit K-2
Property Tax Levies And Collections
Last Ten Fiscal Years
Total Current Per Cent
Fiscal Tax Tax Of Levy
Year Levy Collections Collected
1960-61 $2,633,188 $2,423,237 92.037
1961-62 3,014,997 2,754,550 91.36%
1962-63 3,441,539 3,193,738 92.80% .11;
1963-64 3,502,187 3,261,334 93.12%
.1964-65 3,910,580 3,647,116 93.26%
1965-66 4,166,789 3,900,357 93.61%
1966-67 4,465,061 4, 187,744 93.80%
1967-68 4,514,277 4,228,690 93.67%
1968-69 4,299,255 4,125,058 95.95%
1969-70 4,743,846 4,566,915 96.27% a
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' CITY OF WICHITA FALLS TEXAS Exhibit K-2
Property Tax Levies And Collections
' Last Ten Fiscal Years
Delinquest Total Total Collections
Tax Tax As Percent Of
Collections Collections Current Levy
$ 60,691 $2,483,928 94.33%
80,216 2,834,766 94.027
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%
143,381 4,710,296 99.29%
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CITY OF WICHITA FALLS, TEXAS Exhibit K-3
Ai
Assessed And Estimated Actual Value Of Taxable Property
Last Ten Fiscal Years
Ai
Real Property Personal Property
Fiscal Assessed Estimated Assessed Estimated
Year Value Actual Value Value Actual Value
Ai
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 *A
1962-63 176,310,210 352,620,420 57,808,060 115,616,120
1963-64 180,208,610 360,417,220 58,035,400 116,070,800
1964-65 185,812,260 371,624,520 58,598,980 117,197,960
1965-66 188,449,360 376,898,720 56,655,900 113,311,800
1966-67 189,412,500 378,825,000 57,275,310 114,550,620
1967-68 190,662,810 381,325,620 58,745,285 117,490,570
1968-69 192,499,218 384,998,436 49,515,325 99,030,650 0,00
1969-70 195,862,998 391,725,996 51,344,180 102,688,360
* An Extensive Revaluation Study Was Completed To Establish A New Tax Basis
Q.
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
$143,890,060 $384,719.,493 36.647,
' 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 50.007.
245, 105,260 490,210,520 50.007.
246,687,810 493,375,620 50.007,
249,408,095 498,816,190 50.00%
' 242,014,543 484,029,086 50.00%247,207,178 494,414,356 50.00%
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CITY OF WICHITA FALLS, TEXAS Exhibit K-4
Tax Rates And Tax Levies
1960 - 1970
il
Tax Rates Per $100 Valuation
Fiscal WFISD CVISD
::
Period City School (1) School (2) County
1960-61 $1.83 $1.50 $2.15 $ .95
(3)1961-62 1.32 1.30 2.00 1.00 !!
1962-63 1.47 1.40 2.00 1.05
1963-64 1.47 1.50 2.00 1.05
1964-65 1.60 1.50 2.00 1.05
1965-66 1.70 1.61 2.00 1.05 " '
1966-67 1.81 1.61 2.00 1.05
1967-68 1.81 1.61 2.00 1.05
1968-69 1.78 1.78 2.20 1.05
1969-70 1.92 1.86 2.30 1.05
Tax Levies
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
1963-64 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 «1
1966-67 4,465,061 3,994,395 73, 128 1,753,123
1967-68 4,514,277 4,038,370 79,324 1,789,336
1968-69 4,299,255 4,337,454 88,026 1,824,287
1969-70 4,743,846 4,625,896 96,415 1,926,248
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(1) WFISD - Wichita Falls Independent School District - 91.797, in Wichita ",
Falls city limits ma
(2) CVISD - City View Independent School District - 66.34% in Wichita Falls
city limits
(3) An extensive revaluation study was completed to establish a new tax I
basis for the City of Wichita Falls and Wichita Falls Independent School
District for the year 1961 and subsequent years.
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CITY OF WICHITA FALLS, TEXAS Exhibit K-4
Tax Rates And Tax Levies
1960 - 1970
Tax Rates Per $100 Valuation
Water Midwestern
w State District #1 University Total
" $.42 $.18 $.49 $7.52
u .42 - .36 6.40
.42 - .26 6.60
.42 _ - 6.44
.42 6.57
.42 - - 6.78
.47 - - 6.94
I .47 - - 6.94
.47 7.28
.42 - - 7.55
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ITax Levies
$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
I 509,663 _ _ 10,430,044
595,554 10,881,261
612,145 - - 11,033,452
816,582 - - 11,365,604
530,738 11,923,143
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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 ml
Gross
Fiscal Assessed Bonded
Year Population Value Debt**
*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
****1969-70 94,976 247,207,178 22,943,000
* 1960 Census
** Includes Water and Sewer Tax Obligation Bonds
*** An extensive revaluation study was completed to establish a new tax 111
basis for the year 1961 and subsequent years.
**** 1970 Census ml
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ICITY OF WICHITA FALLS, TEXAS Exhibit K-5
Ratio Of Net General Bonded Debt To Assessed Value
And Net Bonded Debt Per Capita
I Last Ten Fiscal Years
Ratio Net
Less Net Bonded Debt Net
I Debt Service Funds Bonded To Assessed Bonded Debt
Debt Value Per Capita
I $ 248,422 $ 9,338,578 6.49% $ 91.80
321,003 8,931,997 3.91'/, 85.25
1,146,260 10,439,740 4.45'/0 96.74
790,059 13,349,941 5.60% 123.01
637,329 18,669,671 7.63% 170.93
522,940 17,658,060 7.20'/0 161.26
551,679 16,485,321 6.68% 142.98
423,755 18,443,245 7.39% 159.90
503,725 21,617,275 8.93% 187.16
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498,561 22,444,439 9.07% 236.32
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CITY OF WICHITA FALLS, TEXAS Exhibit K-6
Statement Of Direct And Overlapping Debt
September 30, 1970
Percentage Of
Net Debt Applicable Amount
Debt To City Overlapping
City of Wichita Falls $22,444,439 100.00% $22,444,439
Wichita Falls Independent
School District 16,502,224 91.79% 15,147,391
' Wichita County 3,358,000 73.83% 2,479,211
City View Independent
School District 248,144 66.34% 164,618
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Total Direct and
Overlapping Debt $40,235,659
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CITY OF WICHITA FALLS, TEXAS Exhibit K-7
Schedule Of Revenue Bond Coverage
Water & Sewer Revenue Bonds
Last Ten Years
Net Revenue
Fiscal Gross Available For
Year Revenues Expenses Debt Service
1960-61 $2,078,719 $ 902,441 $1,176,278
1961-62 2,126,245 958,774 1,167,471
1962-63 2,214,419 992,815 1,221,604
1963-64 2,107,720 1,009,751 1,097,969
1964-65 2,368,775 1,019,441 1,349,334
m0;1965-66 2,637,466 1,021,965 1,615,501
1966-67 2,618,584 1,071,974 1,546,610
1967-68 2,536,938 1,182,898 1,354,040
1968-69 3,069,010 1,307,812 1,761,198 m
1969-70 3,153,610 1,388,778 1,764,832
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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
111 Principal Interest Total Covered
$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
1 224,000 81,318 305,318 4.42
376,000 153,827 529,827 3.05
450,000 188,890 638,890 2.42
560,000 233,297 793,297 1.71
566,000 221,636 787,636 2.24
515,238 181,123 696,361 2.53
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CITY OF WICHITA FALLS, TEXAS Exhibit K-8
Schedule Of Revenue Bond Coverage
Airport Revenue Bonds
Last Seven 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
1969-70 117,520 63,141 54,379
* Airport Revenue Fund established May 14, 1964 and bonds sold
same year.
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ICITY OF WICHITA FALLS, TEXAS Exhibit K-8
Schedule Of Revenue Bond Coverage
I Airport Revenue Bonds
Last Seven Years
Average Annual
I Debt Service Requirements Times
Principal Interest Total Covered
$19,000 $ 8,495 $27,495 -
19,000 8,214 27,214 2.16
20,000 7,919 27,919 1.95
24,000 10,541 34,541 1.41
24,000 10,119 34,119 1.36
24,500 9,673 34,173 1.49
25,000 9,385 34,385 1.58
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CITY OF WICHITA FALLS) TEXAS Exhibit K-9
Schedule Of Bonded Debt And Interest Maturities
September 30, 1970
General Obligation Bonds Water And
Serial Interest Total Bonds Serial
Fiscal Bond On And Bond
Period Maturities Bonds Interest Maturities
1971 $ 1,398,000 $ 963,246 $ 2,361,246 $ 545,000
1972 1,570,000 839,425 2,409,425 550,000
1973 1,622,000 769,203 2,391,203 550,000
1974 1,632,000 702,358 2,334,358 550,000 ,,
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1975 1,666,000 639,131 2,305,131 550,000
1976 1,366,000 578,729 1,944,729 550,000
1977 1,374,000 522,679 1,896,679 550,000
1978 1,375,000 467,975 1,842,975 575,000
1979 1,376,000 413,098 1,789,098 575,000
1980 1,181,000 358,112 1,539,112 575,000
1981 1,184,000 311,741 1,495,741 580,000
1982 1,186,000 264,861 1,450,861 580,000
1983 1,193,000 217,547 1,410,547 580,000
1984 1, 195,000 170,730 1,365,730 580,000
1985 1,030,000 133,200 1,163,200 580,000
1986 732,000 100,550 832,550 580,000
1987 760,000 66,268 826,268 580,000
1988 545,000 42,623 587,623 580,000
1989 433,000 21,315 454,315 230,000
1990 125,000 3,125 128,125 230,000
1991 150,000
$22,943,000 $7,585,916 $30,528,916 $10,820,000
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CITY OF WICHITA FALLS, TEXAS Exhibit K-9
Schedule Of Bonded Debt And Interest Maturities
September 30, 1970
Sewer Revenue Bonds Airport Revenue Bonds
Interest Total Bonds Serial Interest Total Bonds
i On And Bond On And
Bonds Interest Maturities Bonds Interest Total
I $ 402,881 $ 947,881 $ 20,000 $ 17,050 $ 37,050 $ 3,346,177
376,656 926,656 20,000 16,300 36,300 3,372,381
353,656 903,656 25,000 15,550 40,550 3,335,409
330,844 880,844 25,000 14,625 39,625 3,254,827
308,165 858, 165 25,000 13,700 38,700 3,201,996
286,215 836,215 25,000 12,725 37,725 2,818,669
264,265 814,265 25,000 11,750 36,750 2,747,694
241,784 816,784 25,000 10,775 35,775 2,695,534
218,771 793,771 25,000 9,800 34,800 2,617,669
196,321 771,321 30,000 8,825 38,825 2,349,258
175,403 755,403 30,000 7,600 37,600 2,288,744
154,115 734,115 30,000 6,375 36,375 2,221,351
132,710 712,710 30,000 5, 150 35,150 2,158,407
111,248 691,248 30,000 3,925 33,925 2,090,903
89,499 669,499 20,000 2,700 22,700 1,855,399
67,511 647,511 20,000 1,800 21,800 1,501,861
45,524 625,524 20,000 900 20,900 1,472,692
25,376 605,376 1,192,999
13,521 243,521 697,836
6,096 236,096 364,221
3,019 153,019 153,019
$3,803,580 $14,623,580 $425,000 $159,550 $584,550 $45,737,046