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1974 Annual Financial Report Cityof Wichita Falls Texas ANNUAL FINANCIAL REPORT 1, • I, j1 i , I 4 ; L ,_ ? - 1 H i!_; P \L.. —i FOR YEAR ENDING SEPTEMBER 30, 1974 Ronald R. Wood Director of Finance CITY OF WICHITA FALLS, TEXAS MAYOR AND BOARD OF ALDERMEN Max Kruger Harrison E. Taylor, Mayor Pro Tem Harry Campsey Lonny D. Morrison Joe N. Prothro J.C. Boyd Mrs. Peggy McCullough 1 CITY MANAGER Gerald Fox I ' DIRECTOR OF FINANCE Ronald R. Wood* ii INDEPENDENT AUDITORS Jarratt, Cocke & Tillery *Member of Municipal Finance Officers Association of the United States and Canada z 1 � ra ! O � u 1-1 i 4 N a Oc V A ‘N. CI ea fmi 1 g z ke, , v: V ...,‘ V " ° 04 a ¢- a ' a $4 =W z x z 44 • w w Si w E VI V W G9 ..� w Cie d r— as o, _ ime x z y o •u4fel d d dW w z etsox w ..1... o z io, O ►-1E' x •- . " w H tJ . wa .= a 1.61 Elig0:1 fi w. '`• 1'61 OS `'. -1-'- GO 's 3'� " ill ,. :4 4rn'i I, 1,-: 1' 7e: ri -..t, ) ..;:: .... la 4y'• ,- at k V...!YR s Z.a I :3 .LV A 7)' .....iIt212.\ CITY OF WICHITA FALLS, TEXAS Financial Report For The Year Ended September 30, 1974 Table of Contents Exhibit Page No. No. Letter of Transmittal i Accountants' Opinion vii GENERAL FUND A-1 Balance Sheet 1 A-2 Statement Of Fund Balance 2 A-3 Revenues - Estimated and Actual 3 A-4 Statement of Authorizations (Budget) , Expenditures and Encumbrances 4 A-5 Statement of Expenditures 5 A-6 Changes In Ad Valorem Taxes Receivable 6 A-7 Aged Schedule Of Ad Valorem Taxes Receivable 7 A-8 Statement Of Cash Receipts And Disbursements 8 PARTICIPATION PAVING FUND B-1 Balance Sheet 9 B-2 Statement Of Revenues And Expenditures And Fund Balance 10 B-3 Statement Of Cash Receipts And Disbursements 11 AIRPORT FUND C-1 Balance Sheet 12 C-2 Statement Of Operations And Retained Earnings 13 C-3 Statement Of Changes In Financial Position 14 C-4 Statement Of Cash Receipts And Disbursements 15 C-5 Statement Of Plant, Equipment And Depreciation 16 C-6 Schedule Of Bonded Debt And Interest Maturities 17 WATER AND SEWER FUND D-1 Balance Sheet 18 D-2 Statement Of Operations• And Retained Earnings 19 D-3 Statement Of Changes In Financial Position 20 D-4 Statement Of Cash Receipts And Disbursements 21 D-5 Statement Of Property, Equipment And Depreciation 22 D-6 Schedule Of Bonded Debt And Interest Maturities 23 DEBT SERVICE FUND ' E-1 Balance Sheet 24 E-2 Statement Of Reserve For Future Debt Payments 25 E-3 Statement Of Cash Receipts And Disbursements 26 E-4 Changes In Taxes Receivable 27 E-5 Aged Schedule Of Taxes Receivable 28 CITY OF WICHITA FALLS, TEXAS, Financial Reports For The Year Ended September 30, 1974, Table Of Contents (Continued) Exhibit Page No. No. CAPITAL PROJECTS FUNDS F-1 Combined Balance Sheet 29 P-2 Combined Statement Of Authorizations, Expenditures And Encumbrances 30 F-3 Combined Statement Of Cash Receipts And Disbursements 31 TRUST AND AGENCY FUNDS G-1 Combined Balance Sheet 32 G-2 Combined Statement Of Revenues, Expenditures And Fund Balances 34 G-3 Combined Statements Of Cash Receipts And Disbursements 36 GENERAL FIXED ASSETS H-1 Balance Sheet 38 H-2 Statement Of Additions. And Deletions - By Department 39 H-3 Statement Of General Fixed Assets By Category 40 GENERAL LONG - TERM DEBT I-1 Balance Sheet 41 I-2 Schedule Of Amounts Available In Debt Service Fund For Retirement Of Bonds And Interest 42 I-3 Schedule Of Bonded Debt And Interest Maturities 43 TRANSIT SYSTEM FUND J-1 Balance Sheet 44 J-2 Statement Of Operations And Retained Earnings (Deficit).. 45 J-3 Statement Of Changes In Financial Position 46 J-4 Statement Of Cash Receipts And Disbursements 47 J-5 Statement Of Plant, Equipment And Depreciation 48 K NOTES TO FINANCIAL STATEMENTS 49 STATISTICAL SECTION L-1 Tax Revenues By Source - Last Ten Fiscal Years 53 L-2 Property Tax Levies And Collections Last Ten Fiscal Years 54 L-3 Assessed And Estimated Actual Value Of Taxable Property - Last Ten Fiscal Years 55 L-4 Tax Rates And Tax Levies (1964 - 1974) 56 L-5 Ratio Of Net General Bonded Debt To Assessed Value And Net - Bonded Debt Per Capita - Last Ten Fiscal Years 57 L-6 Statement Of Direct And Overlapping Debt 58 L-7 Schedule Of Revenue Bond Coverage - Water And Sewer Revenue Bonds - Last Ten Years 59 CITY OF WICHITA FALLS, TEXAS, Financial Reports For The Year Ended September 30, 1974, Table Of Contents (Continued) Exhibit Page No. No. STATISTICAL SECTION (Continued) L-8 Schedule Of Revenue Bond Coverage - Airport Revenue Bonds - Last Ten Years 60 L-9 Schedule Of Bonded Debt And Interest Maturities 61 L-10 Combined Schedule Of Bonds Payable 62 LETTER OF TRANSMITTAL AND ACCOUNTANTS' OPINION C - ra MIN 111 [If an iln WICHITA FAt1.B,TEXAS 76307 111/ IrHIIII"r ®®A®iD1 P.O.Box 1431 ffP Gerald G. Fox City Manager City of Wichita Falls Wichita Falls, Texas Dear Mr. Fox: The Annual Financial Report of the City of Wichita Falls, Texas for the fiscal year ended September 30, 1974 is submitted herewith. Accounting System And Reports The city's accounting records for general governmental operations are maintained on a full accrual basis. Budgetary control is maintained on an annual allotment basis, with the encumbrance of account balances for purchase orders, prior to their release to vendors. Monthly financial reports and budget expenditure reports are prepared by the Finance Department to aid in the formulation of operating policies and to control budget expenditures. The Municipal Finance Officers Association of the United States and Canada awarded the City of Wichita Falls its Certificate of Conformance for the city's 1969-70 Annual Financial Report. This certificate is awarded only to those governmental units whose financial reporting conforms with standards promulgated by the National Committee on Governmental Accounting. The 1973-74 Annual Financial Report submitted herewith continues to meet these standards. General Governmental Operations Revenues for general governmental operations totaled $8,974,010 in the 1973-74 fiscal year, an increase of 10.6 per cent over the 1972-73 fiscal year. General property taxes produced 31.9 per cent of general revenues compared to 33.7 per cent in 1972-73 and 33.8 per cent in 1971-72. The amount of revenue from various sources and the increase or decrease compared to last year are shown in the following tabulation: i Increase Per Cent (Decrease) Of Over Prior Revenue Source Amount Total Year Property Taxes and Penalties $2,925,593 32.6 $187,592 Franchise and Other Taxes 3,013,261 33.6 449,427 Licenses and Permits 113,178 1.3 (6,651) Fines and Forfeitures 326,451 3.7 44,192 Parking Meter Revenue 119,614 1.4 4,842 Rents and Concessions 86,315 0.1 16,621 Service Charges and Fees 1,361,034 15.8 48,051 Miscellaneous 208,564 2.3 42,815 Enterprise Fund Contribution 820,000 9.2 70,000 Total $8,974,010 100.0% $856,889 Assessed valuation of $289,713,935 represented an increase of 5.8 per cent over the preceding year. Current tax collections were 96.78 per cent of the tax levy, up 0.01 per cent from last year. The ratio of total collections (current and delinquent) to the current tax levy was 99.17 per cent, a decrease of 0.36 per cent from last year. Allocation of the property tax levy by purpose for the year ended September 30, 1974 and the preceding two fiscal years are as follows: Purpose 1973-74 1972-73 1971-72 General Government $2,897,201 $2,711,528 $2,499,524 Debt Service Fund 2,375,010 2,437,594 2,499,524 Total $5,272,211 $5,149,122 $4,999,048 Expenditures for general government purpose totaled $8,530,491 an increase of 9.7 per cent over the 1972-73 fiscal year. Increase in levels of expenditures for major functions of the city over the preceding year are shown in the following tabulation: Increase (Decrease) Per Cent Over Prior Function Amount Of Total Period General & Administrative $1,253,771 14.7 $ 77,770 Health 402,880 4.7 17,192 Finance 396,663 4.6 33,093 Public Safety 3,051,294 35.8 407,435 Public Works 1,901,503 22.3 84,739 Parks & Recreation 642,542 7.5 73,458 Planning & Traffic 646,723 7.6 45,367 General Services 235,115 2.8 12,093 Total $8,530,491 100.0% $ 751�147 ii Participation Paving Fund The Participation Paving Fund is a revolving fund established for the purpose of paving streets, alleyways, and sidewalks that have been pet4tioned for paving. The petitioners and the city jointly participate in the cost of the projects with the city paying 100% of the cost initially and then receiving partial reimbursement from the property owners. In 1973-74 expenditures in the Participation Paving Fund totaled $479,601. Revenues, including cash receipts and receivables totaled $451,763. Accounts receivable from property owners at September 30, 1974 totaled $474,647. Debt Administration The ratio of net bonded debt to assessed valuation and the amount of bonded debt per capita are useful indicators of the city's debt position to municipal management, citizens and investors. These data for the City of Wichita Falls at the end of the 1973-74 fiscal year were as follows: Ratio of Debt Ratio of Debt Debt To Assessed To Present Per Value Market Value Capita Net Direct Bonded Debt $/4,212,000 4.91% 2.45% $139.88 Overlapping Debt 17,329,153 5.98% 2.99% 170.56 Total $31,541,153 10.89% 5.44% $310.44 Outstanding general obligation bonds at September 30, 1974 totaled $18,721,000 of which $4,509,000 were issued for water and sewer purposes and are considered to be self-supporting. The remainder is considered to be direct tax supported debt. During the past year $1,632,000 of tax bonds were retired. The city's bonds continue to have the same ratings which they have carried for the past several years. These ratings are as follows: Moody's Standard Investors And Service Poor's General Obligation Bonds A AA Water and Sewer Revenue Bonds A A Cash which was temporarily idle during the year, including both debt retirement funds and bond proceeds, was invested in certificates of deposit with the city depository in terms ranging from 30 days to 360 days. The maximum rate, as allowed by regulations, or the market rate of 91 day U. S. Treasury Bills as quoted one week preceding date of deposit, was received in accordance with our contract. The total amount of interest earned on these certificates of deposit amounted to $46,180. iii Capital Projects Funds The proceeds of general obligation bond issues are accounted for in Capital Projects Fund until improvement projects are completed. At the end of the fiscal year, completed projects are transferred to General Fixed Assets. During the 1973-74 fiscal period, expenditures from the Capital Projects Fund amounted to $259,004. All authorized bonds had been issued at September 30, 1974. Capital Project Fund balances on hand at September 30, 1974, consisted of $15,741 in cash and $252,535 in receivables. The Street and Storm . Drainage 1968 Bond Fund is the only significant uncompleted project in the Capital Projects Fund. General Fixed Assets The general fixed assets of the city are those fixed assets used in the performance of general governmental functions and exclude the fixed assets of utility and other enterprise funds. As of September 30, 1974, the general fixed assets of the city amounted to $41,423,242. The assets acquired since the fiscal year ended September 30, 1963, were recorded at original cost, however the assets that were purchased prior to that year were not accounted for in the General Fixed Assets Fund. The value of those assets acquired prior to October 1, 1963, are at stated values developed by a physical inventory and appraisal. Depreciation of general fixed assets is not recognized in the city's accounting system. Trust and Agency Funds Trust and Agency Funds are set up for the purpose of accounting for money and property received from non-enterprise fund sources and held by a governmental unit in the capacity of trustee, custodian, or agent for individuals, governmental entities and non-public organizations. Included in the Trust and Agency Fund are Federal and State Grants, General Revenue Sharing, Cab Company Trust, Social Security and Payroll funds, Tax Refund and Tax Collection funds, and Clearing Fund. In 1973-74 revenues of the Federal and State Grants, including General Revenue Sharing totaled $5,190,780. During the same period expenditures of the Federal and State Grants, including General Revenue Sharing, totaled $3,367,957. Interest income on temporarily idle funds, other than Federal or State Grants, but including General Revenue Sharing totaled $179,371. There was a 24.86 per cent increase in revenues over the prior year and 72.72 per cent increase in expenditures over the prior year. These large increases in revenues and expenditures are due primarily to the receipt of General Revenue Sharing Funds. However, there was a 22.55 per cent increase in revenues and a 29.08 per cent increase in expenditures of Federal and State Grants. iv Water and Sewer Systems The Water and Sewer Revenue Fund experienced an increase in its operations for the fiscal year. Comparative data for three fiscal years are presented in the following tabulation: 1973-74 1972-73 1971-72 Gross Income $3,919,673 $3,301,637 $3,295,249 Net Income 1,025,508 537,616 615,577 Income Available for Debt Service 2,084,460 1,660,349 1,770,891 Average Annual Debt Service 726,428 744,569 671,002 Coverage (Income available for debt service divided by average annual debt service) 2.87 2.23 2.64 On June 5, 1973 the city issued $2,000,000 of Water and Sewer Revenue Bonds which were authorized by a referendum election on April 3, 1973. Proceeds from the issuance of the bonds are being used for improvements and additions to existing waste water treatment facilities, and extensions and other improvements to the sewage collection system. The net cost of the project at September 30, 1974 was $662,158. Airport Revenue Fund The operation of the Airport for the fiscal year ended September 30, 1974 resulted in a net income of $27,998 an increase of $20,114 over the preced- ing year. Operating revenues increased by.22.16 per cent while operating expenditures increased by 10.57 per cent over the preceding year. An Airport Terminal Construction project was completed at a total cost of $98,703. Revenue Sharing funds in the amount of $51,732 and surplus operating funds in the Airport Revenue Fund in the amount of $46,971 were utilized for this project. Transit System Fund The operation of the Transit System for the fiscal year ended September 30, 1974 resulted in a net loss of $44,561 a decrease in net loss of $7,627 from the previous year. Operating revenues increased 10.74 per cent and operating expenses decreased by .09 per cent from the preceding year. Revenue Sharing funds were utilized in the amount of $147,929 for the purchase of 6 transit buses. v Independent Audit The City Charter requires an annual audit of the books of account, financial records, and transactions of all administrative departments of the city by a Certified Public Accountant, selected by the City Council. This requirement has been complied with and the auditor's opinion has been included in this report. The statistical section of this report was not included within the scope of the audit. Acknowledgements The preparation of this report could not be adcomplished without the efficient and dedicated services of the entire staff of the Finance Department. I would like to thank your office and the members of the City Council for their interest and support in planning and conducting the financial operations of the city in a responsible and progressive manner. Sincerely yours, 4404.0Lt,.. Ronald R. Wood Director of Finance vi JARRATT, COCKE & TILLERY ACCOUNTANTS AND AUDITORS TELEPHONE 322-3103 1130 FIRST WICHITA NATIONAL BANK BUILDING WICHITA FALLS,TEXAS 76301 February 14, 1975 The Honorable Mayor and Board of Aldermen of the City of Wichita Falls, Texas We have examined the financial statements of the various funds and account groups of the City of Wichita Falls, Texas for the year ended September 30, 1974, listed in the foregoing table of contents. Except as disclosed in the following para- graph, 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. The records of the general fixed assets account group and the fixed asset records of the water and sewer fund were incomplete as to historical carrying values, identifiable fixed asset units and, also, retirements are, generally, not re- cognized due to such incomplete records. Because we were unable to satisfy our- selves by appropriate audit tests or by other means as a result of such incomplete records, and because of the materiality of the fixed asset account balances in the water and sewer fund and the general fixed assets account group only reflects fixed assets, we do not express an opinion on the balance sheet of the water and sewer fund and the financial statements of the general fixed assets account group. In our opinion, the accompanying financial statements listed in the foregoing table of contents, other than the financial statements of the general fixed assets account group and the balance sheet—of the water and sewer fund, and except for any adjustments which might be required in depreciation expense in the water and sewer fund if fixed assets would require any adjustments, present fairly the financial position of the various fund and account groups of the City of Wichita Falls, Texas at September 30, 1974, and the results of operations of such funds and the changes in financial position, where applicable, for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year, after giving retroactive effect to the change, with which we concur, in the recognition of assessments in the par- ticipation paving fund from an accrual basis to a cash basis. The accompanying supplemental information is not necessary for a fair presenta- tion of the financial statements, but is presented as additional analytical data. This information, except for the supplemental information presented in the general fixed assets account group, the statement of property, equipment and depreciation in the water and sewer fund and all of Exhibit L (statistical section) , has been subjected to the tests and other auditing procedures applied in the examination of the financial statements listed in the foregoing table of contents and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. Jarratt, Cocke & Tillery By: er L. Tillery Certified Public Accountant 17;4 i i i i c c GENERAL FUND Q I I fl p, CITY OF WICHITA FALLS, TEXAS Exhibit A-1 I General Fund Balance Sheet 1 September 30, 1974 and 1973 September 30, Assets 1974 1973 Cash (Exhibit A-8) $ 387,534 $ 695,149 Certificates Of Deposit (Exhibit A-8) 400,000 787,534 695,149 Accounts Receivable: kill Ad valorem taxes receivable - delinquent': (less $226,620 and $197,648 allowance ` o for uncollectible accounts)(Exhibit A-6 and A-7) , 421,537 iiii Due from other funds � 235,635 Due from other governmental units -�•�.�40 350,122 rm Other (less $58,000 and,$48,000.allowance T for uncollectible accounts) , 30,251 32,450 iiii 1,526,060 1,039,744 IIMaterials and Supplies Inventory (Cost) 73,421 49,331 Prepaid Expenses - Insurance, Etc. 13,026 4,183 1,412,507 1,107,258 1 Restricted Assets (Exhibit A-8) : Cash 66 5 Certificates of deposit 8,300 8,232 8,366 8,237 $2,2088407 $1,810,644 I Ai Liabilities, Reserves And Fund Balance I Liabilities: Accounts payable 157,332 $ 240,355 Due to other funds 1,471 Due to other governmental units ' `� 10,019 4,272 Accrued payroll 206,555 172,102 T 373;9�O6 418,200 I Reserves: For encumbrances (Exhibit A-4) 'Z, 7 3 88 11 119,631 For capital improvements ./ 70,:75 70,746 II Rebates, etc. 3,238 4,829 162,227 195,206 Fund Balance (Exhibit A-2) __ 141672,274 1,197,238 $2,208,407 $1,810,644 Notes to Financial Statements ..- Exhibit K. -1- i ICITY OF WICHITA FALLS, TEXAS Exhibit A-2 ' General Fund Statement Of Fund Balance For The Years yEn&d Spppe}gber 30 1974 anct 197 _ ' Years Ended September 30, 1974 1973 IIBalance, Beginning Of The Year $ 1,197,238 $ 893,642 3 Additions: Revenues (Exhibit A-3) : City operations and acitvities 8,974,010 8,117,121 " Federal and state grants (Note 1) : Federal shared revenue 133,277 199,713 Categorical grants (Note 5) 1,956,945 1,656,736 3 11,064,232 9,973,570 Reserve for encumbrances, beginning of the year TRI (Exhibit A - 4) 119,631 85,450 11,183,863 10,059,020 12,381,101 10,952,662 Deductions: Expenditures (Exhibits A-4 and A-5) 10,620,713 9,635,793 Reserve for encumbrances, end of the year (Exhibit A-4) 88,114 119,631 10,708,827 9,755,424 II Balance, End Of The Year $ 1,672,274 $ 1,197,238 1040 if !! Notes to Financial Statements - Exhibit K. ha rmi -2- I ICITY OF WICHITA FALLS, TEXAS Exhibit A-3 General Fund I Revenues-Estimated And Actual For The Year Ended September 30, 1974 and 1973 P Year Ended September 30, 1974 1973 Over ii Estimated Actual (Under) Actual City Operations and Activities: Taxes: �. Ad valorem taxes: Current (net of allowance for possible losses- ald $28,970 and $27,083, respectively) $2,846,600 $2,868,229 $ 21,629 $2,681,179 Interest and penalties 55,000 57,364 2,364 56,822 PM Sales taxes 2,000,000 2,325,000 325,000 1,900,000 Other 46,300 54,752 8,452 48,180 ilit Street Rental Charges 648,500 633,509 (14,991) 615,654 m. Sanitation Services 1,053,500 1,048,294 (5,206) 1,034,979 Fines and Forfeitures : km Municipal court 291,450 317,303 25,853 273,857 Library 8,000 9,148 1,148 8,402 IIParking Meter Revenue 120,050 119,614 (436) 114,772 Licenses, Permits, Reports, Etc. 115,400 113,178 (2,222) 119,829 Service Charges and Fees: II Tax collection fees 136,000 138,004 2,004 127,848 Golf and recreation fees 89,950 94,957 5,007 86,319 Other 82,350 79,779 (2,571) 63,837 Revenue From Use of Money !I and Property: Rentals and concessions 72,000 86,315 14,315 69,694 Interest 20,000 42,514 22,514 22,367 iiiiSchool Nurse Program 60,000 60,000 -0- 60,000 Contributions From Water and Sewer Revenue Fund (Note 7) 820,000 820,000 -0- 750,000 r. Other Revenues: Is Sale of fixed assets 25,000 23,941 (1,059) 21,043 Miscellaneous 42,300 82,109 39,809 62,339 low 8,532,400 8,974,010 441,610 iiii Federal and State Grants (Note 1) : Federal Shared Revenue 133,277 133,277 -0- 199,713 Categorical Grants (Note 5) 1,956,945 1,956,945 -0- 1,656,736 iiii 2,090,222 2,090,222 -0- 1,856,449 om $ 0,622;422:$4;Q6443a..$441 L10 $9,2n 570 Notes to Financial Statements-Exhibit K. o IYi Poo ; -3- CITY OF WICHITA FALLS, TEXAS Exhibit A-4 General Fund Statement Of Authorizations (Budget) , Expenditures And Encumbrances For The Years Ended September 30, 1974 and 1973 Authorizations Appropriations Reserve For After Encumbrances- Department Revisions Beginning Total Mayor and Board of Aldermen $ 13,635 S 209 S 13,844 General Administration 100,383 100,383 Legal and City Clerk 100,311 100,311 Personnel 50,293 50,293 Data Processing 359,473 10,617 370,090 Library 130,005 4,000 134,005 Health 402,450 402,450 Finance 112,592 239 112,831 Tax 184,677 996 185,673 Municipal Court 99,671 99,671 Police 1,608,244 8,170 1,616,414 Fire 1,275,243 5,379 1,280,622 Fire Marshall 55,607 3,164 58,771 Public Safety 61,354 70 61,424 Animal Control 40,859 50 40,909 Engineering 204,141 679 204,820 Inspection 77,492 77,492 Property Agent 22,940 22,940 Street Maintenance 576,358 42,842 619,200 Sdnitation 1,038,620 8,538 1,047,158 Parks and Recreation 502,488 6,287 508,775 Golf 89,389 3,652 93,041 Cemetery 56,820 2,311 59,131 Planning 67,178 50 67,228 Traffic 299,659 18,747 318,406 Street Lighting 250,000 1,253 251,253 Parking Meters 45,138 1,422 46,560 Building Maintenance 163,806 935 164,741 Auditorium Services 46,657 46,657 Purchasing 34,480 34,480 Central Garage 4,818 4,818 Information Center 28,247 21 28,268 Non-Departmentalized 455,787 455,787 8,558,815 119,631 8,678,446 Federal and State Grants (Note 1) : Federal Revenue Sharing 133,277 133,277 Categorical Grants (Note 5) : Municipal Information System 1,469,377 1,469,377 Others 487,568 487,568 2,090,222 -0- 2,090,222 $10,649,037 $ 119,631 $10,768,668 Notes to Financial Statements-Exhibit K. CITY .OF :WICHITA:PALLSj TEXAS Exhibit A-4 General. Fund ' Statement Of Authorizations (Budget) ,. Expenditures And Encumbrances For The Years 'Ended 'September 3O; '1974 'and 1973 i Expenditures (Over) Actual I Current Year Unexpended Encumbrances- - _ Under Expenditures Exhibit A-5 Balance • Ending Authorizations Prior Year $ 12,375 $ 1,469 $ $ 1,469 $ 14,366 I101,516 (1,133) (1,133) 98,825 93,385 6,926 136 6,790 95,535 47,681 2,612 585 2,027 41,422 384,541 (14,451) (14,451) 390,674 um 122,763 11,242 549 10,693 116,345 402,880 (430) (430) 385,688 113,713 (882) (882) 100,288 183,658 2,015, 1,282 733 170,669 99,292 379 379 92,613 1,642,325 (25,911) (25,911) 1,366,640 1,260,285 20,337 3,784 16,553 1,150,602 50,616 8,155 419 7,736 46,043 56,727 4,697 596 4,101 42,945 41,341 (432) (432) 37,629 187,553 17,267 1,154 16,113 180,833 77,649 (157) (157) . 66,691 22,824 116 116 21,753 588,270 30,930 11,990 18,940 577,530 1,025,207 21,951 21,951 -0- 969,957 505,271 3,504 3,504 -0- 451,049 81,609 11,432 7,556 3,876 74,222 Pm 55,662 3,469 • 1,855 1,614 43,813 aill 62,601 4,627 416 4,211 63,888 300,270 18,136 3,815 14,321 258,484 PP 237,089 14,164 14;164'. 239,693 im 46,763 - (203) (203) 39,291 133,666 31,075 26,473 4,602 113,767 Pio 37,538 9,119 1,282 7,837 46,516 ii 35,156 (676) (676) 30,561 1,181 3,637 767 2,870 6,648 27,574 694 694 25,530 491,510 (35,723) (35,723) 418,834 8,530,491 147,955 88,114 59.,841 7,779,344 133,277 -0- -0-, 199,713 1,469,377 -0- -0- 1,078,552 487,568 -0- -0- 578,184 2,090,222 -0- -0- 1,856,449 ,$10,620,713 $147,955 $88,114 $59,841 $9,635,793 -4- CITY OF WICHITA FALLS, TEXAS Exhibit A-5 General Fund Statement Of Expenditures - For The Years Ended September 30, 1974 and 1973 Salaries Employee Supplies `" And Benefit And Department Wages Costs (Note 6) Materials Mayor and Board of Aldermen $ 1,020 $ 464 iiiii General Administration 78,201 $ 6,440 5,545 Legal and City Clerk 66,606 6,872 4,867 Personnel 33,113 4,008 4,562 Data Processing 78,888 9,339 31,039 Library 66,578 8,634 28,096 Health 294,544 35,303 33,14$ i Finance 61,144 7,958 3,542 Tax 137,433 18,276 13,358 Municipal Court 78,804 9,139 6,114 Police 1,192,528 127,169 112,415 Fire 1,067,210 107,457 25,884 Fire Marshall 36,389 4,963 2,697 Public Safety 37,770 4,004 3,123 64 Animal Control 23,475 3,201 4,289 Engineering 144,344 17,326 7,930 Inspection 56,381 7,153 3,344 Property Agent 18,786 1,651 991 Street Maintenance 293,366 39,656 51,720 Sanitation 586,708 81,278 87,173 Parks and Recreation 316,411 39,426 39,763 Golf 43,101 5,826 6,636 Cemetery 34,622 4,827 2,559 Planning 51,474 6,012 1,698 Traffic 170,317 20,561 37,720 Street Lighting Parking Meters 34,192 4,854 1,817 Building Maintenance 62,858 8,241 5,520 Auditorium Services 28,304 3,897 274 Purchasing 25,984 3,306 2,411 Central Garage 217,203 27,600 10,059 Information Center 22,232 2,275 632 Non-Departmentalized 129,616 22 5,489,602 626,652 539,413 Federal and State Grants (Note 1) : Federal Revenue Sharing 7,319 591 31,593 Categorical Grants (Note 5) : Municipal Information System 409,108 52,351 38,410 Others 248)636 32,072 13,656 665,063 85,014 83,659 Totals current year $6 154 665 $711 666 $623,072 Totals prior year 5, 30, 3 05,997 451,811 Notes to Financial Statements-Exhibit K. -5- 1 I CITY OF WICHITA FALLS, TEXAS Exhibit A-5 General Fund ' Statement Of Expenditures For The Years Ended September 30, 1974 and 1973 Utilities, Insurance Other Rentals, And Fixed.. Charges And Total 1 Maintenance Services, Etc. Miscellaneous " " "Assets Credits Expenditures $ 10,438 $ 244 $ 209 $ 12,375 $ 1,225 9,741 364 101,516 200 14,586 112 142 93,385 367 2,670 2,906 55 47,681 56,477 270,731 9,034 9,033 $(80,000) 384,541 2,003 12,553 762 4,137 122,763 I 11,320 27,113 1,451 402,880 262 38,519 154 2,134 113,713 1,135 10,161 364 2,931 183,658 1 1,045 3,273 222 695 99,292 58,498 50,322 13,105 88,288 1,642,325 14,961 37,644 2,187 4,942 1,260,285 2,261 1,011 364 2,931 50,616 ro 1,131 5,422 206 5,071 56,727 'i" 2,816 4,465 365 2,730 41,341 4,305 5,421 1,208 7,019 187,553 mo 2,613 1,505 547 6,106 77,649 to 559 746 91 22,824 111;326 3,585 5,310 83,307 588,270 001 : 191,566 2,773 7,542 68,167 1,025,207 41,724 24,994 4,496 38,457 505,271 la 5,045 9,204 1,040 10,757 81,609 1,378 1,331 364 10,581 55,662 II 126 1,926 206 , 1,159 62,601 4.4 27,267 37,980 1,660 4,765 300,270 45 237,044 237,089 t"" 3,257 365 2,278 46,763 gg 14,435 32,772 1,838 8,002 133,666 1,029 1,326 81 2,627 37,538 1m 119 2,823 513 35,156 5,133 7,121 729 6,713 (273.;377) 1,181 197 2,123 115 27,574 28 6,815 59,002 296,027 491,510 563,853 878,138 116,434 373,749 ( 57,350) 8,530,491 ■ 20,438 12,835 9,750 50,751 133,277 ilii 998 876,084 13,225 7,542 71,659 1,469,377 135 112,105 779 80,185 487,568 II 21,571 1,001,024 23,754 138,478 71,659 2,090,222 $585 424 $1 879 162 $140,188 $512,227 $ 14 309 $10,620 713 it 75,1 1 1, , 52 1 , ,1 , ,7 ■ i ICITY WICHITA FALLS' TEXAS Exhibit A-6 General fund I Changes In Ad Valorem Taxes Receivable. For The Year Ended 'Segtember '30, '1974 'and '1973 ' Delinquent -Current- Taxes Taxes Total Balances, September 30, 1973 '$619 '185 $ -0- $ 619,185 ' Additions: Taxes levied 2,897,201 2,897,201 Transfer from current 88,401 88,401 ' Adjustments, etc. 1,001 1,001 88,401 2) 8202 89 , 2,986,603 707,586 2,898,202 3,605,788 Deductions: Collections 75,658 2,809,801 2,885,459 Transfer to delinquent 88,401 88,401 75,658 2,898,202 2,973,860 Balances, September 30, 1974 $631,928 $ -0- $:". 631' 928 Notes to Financial Statements-Exhibit K. • -6- I CITY OF WICHITA FALLS, TEAS Exhibit A-7 General Fund IAged Schedule Of Ad Valorem Taxes Receivable September 30 1_ 1974 and 1973 I Fiscal Year September 30, Outstanding 1974 1973 I 1954 and Prior $ 16,186 $ 16,784 1955 - 1956 4,004 4,114 1956 - 1957 4,596 4,714 1957 - 1958 5,784 6,121 I 1958 - 1959 7,262 7,733 1959 - 1960 10,253 10,884 1960 - 1961 12,887 14,144 I 1961 - 1962 13,968 15,327 1962 - 1963 17,269 19,676 1963 - 1964 40,997 45,581 I 1964 - 1965 35,412 38,307 1965 - 1966 41,823 45,488 1966 - 1967 57,274 61,823 1967 - 1968 48,400 53,134 I 1968 - 1969 32,073 36,382 1969 - 1970 41,666 - 47,429 1970 - 1971 44,299 51,001 1 1971 - 1972 48,125 57,908 1972 - 1973 61,249 82,635 1973 - 1974 88,401 IGross Taxes Receivable 631,928 619,185 Less Allowance For Uncollectible Taxes Receivable (226,620) (197,648) INet Taxes Receivable $405,308 $421,537 1 1 Notes to Financial Statements-Exhibit K. I I 1 Iii -7- m, I R iii CITY OF WICHITA FALLS, TEXAS Exhibit A-8 General Fund Statement Of Cash Receipts And Disbursements iii For The Years Ended September 3O,..1974..and..1973 ., . T Year Ended September 30, iii 1974 1973 IBalances, Beginning Of The Year: Unrestricted cash: Cash in bank-demand deposits. $ 694,204 $ 287,398 I Petty cash 945 945 695,149 288,343 Restricted cash: I Cash in bank-demand deposits 5 8,2323,562 Certificates of deposit 7,531 8,237 11,093 703,386 299,436 IReceipts: General revenues 3, 82,315 3,247,834 I Current and delinquent ad velorem tax collections 2,884,458 2,691,809 Contributions from water and sewer fund 820,000 750,000 Sanitation service 1,019,238 1,024,111 Sales taxes receivables 357,647 318,549 ' Inter-fund charges, receivables, etc. 387,448 439,770 Refunds, rebates, funds collected for others, etc. 69,819 297,667 9,320�925 8,769,740 I10,024,311 9,069,176 Disbursements: I Expenditures 8,298,191 7,512,723 Materials and supplies-inventory 492,104 407,117 Accounts payable 225,355 102,778 I Inter-fund charges, payables, etc, 181,852 70,883 Refunds, rebates, funds collected for others, etc. 30,909 272,289 9,228,411 8,365,790 $ 795,900 $ 703,386 Balances, End Of The Year: Unrestricted cash: Cash in bank-demand deposits $ 386,368 $ 694,204 Certificates of deposit 400,000 -0- Petty cash 1,166 945 787,534 695,149 Restricted cash: Cash in bank-demand deposits 66 5 Certificates of deposit - 8,300 8,232 8,366 8,237 $ 795,900 $ 703,386 Notes to Financial Statements-Exhibit K. -8- PARTICIPATION PAVING FUND I I CITY OF WICHITA 'FALLS,� TEXAS Exhibit B-1 Participation Paving Fund VOR Balance Sheet iA September 30, 1974 'and '1973 September 30, *"" Assets 1974 1973 mi Cash (Exhibit B-3) $:115,249 $ 71,553 P. Certificates Of Deposit (Exhibit Br3) 100,000 140,000 215,249 211,553 ill Accounts Receivable: Wm Paving assessment receivables (Note 1) 474,647 362,941 si Less cash basis allowance (Note 1) (474,647) (362,941) -0- -0- Due from other funds 920 1,013 t: Other 6,673 5,943 7,593 6,956 $ 222 j 842 $ 218,509 ii II Liabilities Reserves And Fund Balancer I! 4 - a - - s t i r ! t t leer 4.. ! - 1 " - Liabilities: I Accounts payable trade $11,156 $46,742 Advance payments, etc, 24,474 43,585 Inter-fund payable 86,979 — 3 122,609 90,330 IReserve For Rebates, etc, 1,136 1,244 IIFund Balance (Exhibit B^2) 99,097 126,935 $ 222,842 $ 218,509 m I 1 1 Notes to Financial Statements - Exhibit K. -9- I CITY.OF WICHITA FALLS,•TEXAS Exhibit B-2 Participation Paving Fund Statement Of Revenues And Expenditures And Fund Balance For The Years Ended September 30, 1974 and 1973 immo Oo Years Ended September 30, 1974 1973 Revenues: Street paving assessments $ 185,532 $ 120,755 Alley paying assessments 57,115 24,643 Sidewalk assessments 1,139 646 Interest on paving receivables 6,350 12,446 Interest on certificates of deposit, etc. 7,462 8,989 Federal revenue sharing (Note 1) 194,165 451,763 167,479 Expenditures For Street And Alley Paving 479,601 213,912 111 Excess Of Expenditures Over Revenues ( 27,838) ( 46,433) ' Fund Balance - Beginning Of The Year: As previously reported 556,886 To change the assessments of streets, ' alleys and sidewalk to a cash basis (Noted) (383,518) Fund balance - beginning - restated 126,935 173,368 Fund Balance - End Of The Year $ 99,097 $126,935 1 I Notes to Financial Statements - Exhibit K. In CITY OF WICHITA FALLS, TEXAS Exhibit B-3 Participation Paving Fund Statement Of Cash Receipts And Disbursements For The Years Ended September 30, 1974 and 1973 Years Ended September 30, 1974 1973 Balance - Beginning Of The Year: Cash in bank: Demand deposits $ 71,553 $179,630 Certificates of deposit 140,000 211,553 179,630 Receipts: Collections of paving receivables 119,504 123,679 Advance payments, etc. 103,736 57,506 Interest on paving receivables 6,371 11,034 Due from other funds 1,013 1,288 Interest on certificates of deposit, etc. 7,462 8,989 238,086 202,496 449,639 382,126 Disbursements: Paving expenditures 188,492 167,167 Accounts payable trade 45,556 2,934 Refunds, etc. 342 472 234,390 170,573 Balance - End Of The Year: Cash in bank: Demand deposits 115,249 71,553 Certificates of deposit 100,000 140,000 $215,249 $211,553 Notes to Financial Statements - Exhibit K. I is -11- AIRPORT FUND £!T'B(HNkWRYkMY�fMkl(+}NXYXRfRifM.Y9fiSKK@y ........_.._ I I CITY OF WICHITA'FALLS, ITEXAS Exhibit C-1 Airport Fund Balance Sheet • September 30, 1974 and 1973 September 30, Assets 1974 1973 II Current Assets: Cash (Exhibit C.-4) $ 47,893 $ 24,699 Trade accounts receivable 29,074 28,337 „m Prepaid insurance 78 II 77,045 53,036 Restricted Assets (Exhibit C-4) : Revenue bond debt service: rm Demand deposits 6,499 11,427 ii Certificates of deposit 12,000 10,000 Revenue bond reserve: Demand deposits 3,911 1,227 Certificates of deposit 39�000 39,000 61010 61,654 Plant And Equipment (Exhibit C-5) (Note 1 and 3) : I! Plant and equipment 725,528 626,580 Less accumulated depreciation (126,658) (108,882) 598,870 517,698 II $737,325 $632,388 Liabilities Contributions And Retained`Earninns . I ! ♦ .. . r�-+- i - e 1 - . . . . . . . 7 . c + - r i - i IICurrent Liabilities: Payable from current assets: PPR Due to other funds $ 45,057 $ 14,099 il Accounts payable 1,400 Payable from restricted assets: Accrued revenue bond interest 6,279 6,702 II Revenue bonds payable (Exhibit C-6) 25000 25,000 77,736 45,801 Revenue Bonds Payable (Exhibit C-6): -"- li Series 1964 - interest 3 3/4% and 4% maturing serially 225,000 245,000 Less current maturity (20,000) (20,000) Series 1967 - interest 4 1/2% '- maturing IIserially 110,000 115,000 Less current maturity (5,,000) (5,000) 3101000 . 335,000 gi Contributions - Federal (Note 1) 126,376 51,732 Retained Earnings (Exhibit C-2) (Note 4) 223,213 199,855 $ 737,325 $ 632,388 Notes to Financial Statements - Exhibit K. OPP ii mem -12- 1 CITY_OF WIChITA FALLS, TEXAS Exhibit C-2 Airport Fund Statement Of Operations And Retained Earnings For The Years Ended September 30, 1974 And 1973 Year Ended September 30, 1974 1973 Operating Revenues $44,582 $1264544 Operating Expenses: Salaries and wages 59,483 42,029 Social security 3,485 2,340 ii Employees' retirement plan (Note 6) 2,465 1,621 Employees' insurance 1,361 732 II Supplies 4,346 3,793 Maintenance 5,232 9,352 Utilities and telephone 15,324 15,042 II Landing fee charge (Note 8) 6,067 7,982 Other 2,207 7,520 99,970 90,411 :I Operating income before interest income and other expenses 54,612 36,133 • Interest Income 5,463 3,620 im 60,075 _ 39,753 Other Expenses: Interest on revenue bonds 14,301 15,227 Depreciation (Exhibit C-5) (Note 3) 17,776 16,642 32,077 31,869 IINet Income For The Year (Note 4) 27,998 7,884 IIRetained Earnings - Beginning Of The Year 199,855 191,971 Contribution To Airport Master Plan Grant ( 4z 640) IIRetained Earnings - End Of The Year (Note 4)$223,213 $199,855 i II Notes to Financial Statements - Exhibit K. PP ii PP -13- mo I CITY OF WICHITA FALLS, TEXAS Exhibit C-3 1000 Airport Fund Statement Of Changes In Financial Position For The Years Ended September 30, 1974 And 1973 Year Ended September 30, 1974 1973 Source Of Funds: Net income for the year $ 27,998 $ 7,884 Add charges to income not requiring outlays of working capital, depreciation 17,776 16,642 45,774 24,526 ww Contributions in aid of construction 74,644 51,732 120,418 76,258 Application Of Funds: Additions to plant and equipment 98,948 83,446 Reductions in revenue bonds payable 25,000 25,000 Contribution to airport master plan grant 4,640 128,588 108,446 Net (decrease) in working capital $( 8,170) $(32,188) Changes In Components: Increase (decrease) in current assets: h Cash $ 23,194 $(32,222) Trade accounts receivable 737 7,751 Prepaid insurance 78 Revenue bond debt service: Demand deposits ( 4,928) ( 8,905) Certificates of deposit 2,000 10,000 Revenue bond reserve: Demand deposits 2,684 1,227 Certificates of deposit (244) (Increase) decrease in current liabilities: AO Payable from current assets: Due to other funds (30,958) (10,218) Accounts payable ( 1,400) Payable from restricted assets - " accrued revenue bond interest 423 423 $( 8,170) $(32,188) mir am Notes to Financial Statements - Exhibit K. mum pis -14- CITY OF WICHITA FALLS) TEAS Exhibit C-4 Airport Fund Statement Of Cash Receipts And Disbursements For The `Years `Ended Seztember '30, 1974 and 1973 Year. Ended September 30, 1974 Revenue Bonds Operating Debt Total Fund Service Reserve Balances Beginnings - _ Cash in bank: Demand deposits $ 37,353 $ 24,699 $ 11,427 $ 1,227 Certificates of deposit 49,000 10,000 39,000 E6r353 ' _24699 21,427 40,227 Receipts: Operating revenues 125,509 125,509 Trade receivables 28,317 28,317 Intra-fund transfers 36,000 36,000 Interest income 5,462 1,981 797 2,684 195,288 155,807 36,797 2,684 281,641 180,506 58,224 42,911 Disbursements: Operating expenses 58,211 58,211 Plant and equipment additions 24,303 24,303 Intra-fund transfers 36,000 36,000 Intra-fund transfer of excess accumulation (A) Revenue bond principal payments, serial bonds 25,000 25,000 Revenue bond interest payments 14,725 14,725 Inter-fund payable 14,099 14,099 172,338 132,613 39,725 Balances - Ending Cash in bank: Demand deposits 58,303 47,893 6,499 3,911 Certificates of deposit 51,000 12,000 39,000 $109,303 $ 47,893 $ 18,499 $ 42,911 (A) (A) The bond reserve fund cash balances required by the revenue bond indentures is $39,000. Notes to Financial Statements .- Exhibit K. -15-. E iii CITY OF WICHITA FALLS `TEXAS Exhibit C-4 f ! _ Airport Fund :I Statement Of Cash Receipts And Disbursements For The Years Ended 'September '30; '1974 'And '1973 me Year Ended SepteMber '300 1973 " ' "Revenue 'Bond re Operating Debt it Total Fund Service V Reserve r ii $ 77,253 $ 56,921 $ 20,332 39,244 $ 39,244 2 116,497 56,921 20,332 39,244 98,207 98,207' 20,586 20,586 :1 41,177 41,177 3,620 1,017 568 2,035 161,590 i - ' f 119;810. .. 41 745 2,035 7 280,08 4 _7 V . ' ' ' ' ' '176;731 62,077 V 41,279 ii Pw 76,312 76,312 31,714 31,714 Eli 40,125 40,125 ow 1,052 1,052 (A) a 25,000 25,000 • 15,650 15,650 • . 3,881 3881 193,714 V 152�032 40,650 1,052 ■ 37,353 24,699 11,427 • 1,227 49,000 10,000 39,000 86.353 $ 24,699 $ 21,427 $ 40,227 (A) -15- CITY OF WICHITA FALLS, TEXAS Exhibit C-5 Airport Fund Statement Of Plant, Equipment And Depreciation For The Year Ended September 30, 1974 Plant And Equipment Beginning, Transfers Ending, Balances Additions Retirements In (Out) Balances Land Betterments, Etc. $ 12,281 $ 12,281 Buildings And Improvements 574,677 $ 528 575,205 Furniture And Fixtures 19,061 75 19,136 44/ Machinery And Equipment 16,558 270 16,828 44 Motor Vehicles 4,003 4,003 MI Construction In Progress 28475 98,075 $626,580 $98,948 $725,528 wit Notes to Financial Statements - Exhibit K. wm WO WI 111 -16- CITY OF WICHITA FALLS, TEXAS Exhibit. C-5 Airport Fund Statement Of Plant, Equipment And Depreciation For The Year Ended September 30, 1974 Accumulated- Depreciation Net Beginning, Transfers Ending, Plant And . Balances Additions Retirements In (Out) Balances Equipment $ 567 $ 327 $ 894 $ 11,387 82,237 13,693 95,930 479,275 13,082 1,866 14,948 4,188 9,214 1,669 10,883 5,945 3,782 221 4,003 9(,075 $1081882 $ 17,776 )126,658 $598,870 I -16- 7111 ii lom iiii CITY OF WICHITA FALLS? TEXAS Exhibit C-6 Airport Fund Pii Schedule Of Bonded Debt And Interest Maturities 611 September 30, 1974 3 . . . . .__ ___ _ - Airport Revenue Bonds Serial Interest Total Bonds Fiscal Bond On And ilPeriod Maturities Bonds Interest 1975° $ 25,000 $13,700 $ 38,700 1976 25,000 12,725 37,725 iii 1977 25,000 11,750 36,750 1978 25,000 10,775 35,775 rm 1979 25,000 9,800 34,800 ii 1980 30,000 8,825 38,825 1981 30,000 7,600 37,600 - 1982 30,000 6,375 36,375 • 1983 30,000 5,150 ' 35,150 1984 30,000 3,925 33,925 1985 20,000 2,700 22,700 1986 20,000 1,800 ' 21,800 1987 20,000 900 20,900 IW $335,000 $961025 $431,025 it ill 1101 ii Notes to Financial Statements - Exhibit K. -17- i i i i i ' WPSER AND SEWER FUJD 1 I 1 CITY OF WICHITA FALLS, TEXAS Exhibit D-1 I Water and Sewer Fund Balance Sheet September 30, 1974 and 1973 I Assets 1974 September 30, 1973 ' Current Assets: Cash (Exhibit D-4) $ 410,854 $ 229,743 Customer receivables (less $10,000 allowance for uncollectible accounts in 1974 and 1973) 352,441 339,399 II Other receivables 6,582 7,385 Due from other funds 250 Inventory-materials and supplies (average cost) 213,995 162,179 li Prepaid and deferred expenses 23,003 21,040 1,006,875 759,996 Restricted Assets: el Cash (Exhibit D-4) 681,236 145,840 im Certificates of deposit (Exhibit D-4) 1,825,000 3,705,000 Due from other governmental units 1,225,123 "o" 3,7312359 3,850,840 iiiii Property And Equipment-Net(Exhibit D-5) (Notes land 3 ) 32,822,558 30..Z31,75(� p. $37,560,792 $34,944,592 16 Liabilities Contributions And Retained Earnings 0* Current Liabilities-Payable from current assets: ii Accounts payable $ 30,429 $ 31,222 Accrued payroll 29,091 24,020 Due to other funds 148,546 121,138 ii 208,066 176,380 Current Liabilities-Payable from restricted assets: II Accounts payable 423,980 125,261 Accrued revenue bond interest payable 68,092 81,139 Current maturities-revenue bonds (Exhibit D-6) 650,000 650,000 1,142,072 856,400 Revenue Bonds Payable (Exhibit D-6) : iiii Series 1963 3,150,000 3,375,000 Series 1966 2,525,000 2,675,000 II Series 1966 A 1,275,000 1,350,000 Series 1968 1,675,000 1,775,000 Series 1973 1,900,000 2,000,000 I/ Total revenue bonds payable 10,525,000 11,175,000 Less current maturities (650,000) 650,000) 9,875,000 10,525,000 11,225,138 11,557,780 Customer. Deposits 319,840 295,323 mill Refunding Contracts 36,179. 40,461 Contributions In Aid Of Construction(Note 1) 2,815,289 92,190 3 Retained Earnings (Exhibit D-2) (Note 4) 23,164,346 22_09582838 $37,560,792 $34,944,592 Notes to Financial Statements - Exhibit K. 3 -18- ICITY OF WICHITA FALLS, TEXAS Exhibit D-2 I Water And Sewer Fund Statement Of Operations And Retained Earnings For The Years Ended September 30, 1974 and 1973 I Year Ended September 30, 1974 1973 I Operating Revenues: Water sales $ 2,725,449 $ 2,594,691 Sewer service 1,131,590 603,982 Other 62,634 1022964 I3,919,673 3,301,637 Operating Expenses: II Salaries and wages 934,754 868,025 Payroll taxes 53,249 47,243 Employee insurance 22,269 17,874 II Employee retirement (Note 6) 47,029 40,229 Supplies and materials 243,526 201,437 Maintenance 201,555 166,244 Utilities 187,860 158,254 1 Data processing 80,000 72,000 Insurance 18,614 18,288 Other 46,357 51,694 II1,835,213 1,641,288 Operating profit before depreciation and interest 2,084,460 1,660,349 Depreciation Expense (Note 3) 888,688 886,926 Operating profit before interest 1,195,772 773,423 1 Interest: Iii Income 255,921 139,029 Expense-revenue bonds (426,185) (374,836) PM Net Income For The Year (Note 4) 1,025,508 537,616 it Retained Earnings, Beginning Of The Year 22,958,838 23,171,222 ii Contributions To General Fund (Note 7) (820,000) (750,000) 11 Retained Earnings, End Of The Year (Note 4) $23,164,346 $22,958,838 11 Notes to Financial Statements-Exhibit K. Pm am Pm IN 00 -19- I CITY OF WICHITA FALLS) TEXAS. 4 A Exhibit D-3 a Water And Sewer Fund I Statement Of Changes In Financial Position For The Years Ended September 30) 1974 and 1973 Year Ended September 30, I1974 1973 Source Of Funds: 1 Net income for the year $1,025,508 $ 537,616 Add charges to income not requiring outlays of working capital- depreciation 888,688 886,926 1,914,196 1,424,542 Contributions in aid of construction 2,723,099 92,190 Consumer deposits-net 24,517 11,535 ■ Sale of bonds 2,000,000 Book value of fixed assets sold or retired 5_,778 4,667,590 3,528,267 ✓ Application Of Funds: 11 Additions to plant and equipment 3,383,268 551,062 Reduction in revenue bonds payable 650,000 650,000 Contributions to general fund 820,000 750,000 Reduction in refunding contracts 4,282 14,550 kw 4,857,550 1.965.612 Increase (Decrease) In Working Capital $ (189,960) $1,562,655 Changes In Components: Increase (decrease) in current assets: Cash $ 181,111 $ (83,330) 74, Customer receivables 13,042 123,817 Other receivables (803) (1,447) Due from other funds (250) (8,596) Inventory-materials and supplies 51,816 (6,425) Ilin Prepaid and deferred expenses 1,963 (7,013) + Restricted assets: Cash 535,396 (679,292) Certificates of deposit (1,880,000) 2,273,039 b Due from other governmental units 1,225,123 (Increase) decrease in current liabilities: oPor Current liabilities-payable from current assets: Accounts payable 793 (2,911) 41 Accrued payroll (5,071) (1,820) Due to other funds (27,408) (6,273) I Current liabilities-payable from restricted assets: Accounts payable (298,719) 84,086 Accrued revenue bond interest payable 13,047 (21,180) II Current maturities-revenue bonds - (100,000) , Increase (Decrease) In Working Capital $ (189960) $1,562,655 :1 Notes to Financial Statements-Exhibit K. -20- CITY OF WICHITA FALLS TEXAS Exhibit D-4 uA Water And Sewer Fund Statement Of Cash Receipts And Disbursements For The Years Ended September 30, 1974 and 1973 Restricted Revenue Bi ds Series 1963 Series 1968 Series 1973 Balances, Beginning Of The Year: Cash in bank: Demand deposits $ 14,718 $ 50,035 $ 48,959 Certificates of deposit 210,000 500,000 1,900,000 Petty cash 224,718 550,035 1,948,959 Receipts: Operating revenues and receivables Accounts collected for other funds Sale of revenue bonds Interest income 11,630 25,948 115,008 Consumer deposits Intra-fund transfers Contributions in aid of construction 899,000 Other 11,630 25,948 1,014,008 236,348 5754983 2,962,967 Disbursements: Operating expenses Accounts collected for other funds Contributions to general fund Intra-fund transfers Intra-fund transfers-excess accumulation Fixed asset additions-exclusive of bond projects Accounts payable and other liabilities 125,261 Inventory purchases Bond project costs 1,128 138,316 2,180,210 Bond principal payments Bond interest payments Other, refund, etc. 1,128 263,577 ,2,180,210 Balances, End Of The Year: Cash in bank: Demand deposits 135,220 62,406 241,757 Certificates of deposit 100,000 250,000 541,000 Petty cash $235,220 $312,406 ,. $ 782,757 Notes to Financial Statements-Exhibit K. -21- CITY OF WICHITA FALLS, TEXAS Exhibit D-4 Water And Sewer Fund Statement Of Cash Receipts And Disbursements For The Years Ended September 30, 1974 and 1973 Cash Totals Interest And Reserve Total Unrestricted Year Ended September 30, Sinking Fund Fund Restricted Cash " 1974 1973 $ 32,028 $ 100 $ 145,840 $ 228,743 $ 374,583 $1,137,205 250,000 845,000 3,705,000 3,705,000 1,431,961 1,000 1,000 1,000 282,028 845,100 3,850,840 229,743 4,080,583 2,570,166 4,017,053 4,017,053 3,113,327 936,746 936,746 1,040,612 2,000,000 24,479 74,994 252,059 3,861 255,920 139,029 29,700 29,700 75,830 1,054,066 1,054,066 1,054,066 968,514 899,000 13,982 912,982 37,407 7,271 7,271 19,965 1,078,5454 74,994 2,205,125 5,008,613 7,213,738 7,394,684 1,360,573 920,094 6,055,965 5,238,356 11,294,321 9,964,850 1,677,263 1,677,263 1,494,459 1,028,839 1,028,839 1,037,463 820,000 820,000 750,000 1,038,482 1,038,482 913,835 15,583 15,583 15,583 54,679 50,814 50,814 42,202 125,261 31,194 156,455 261,293 171,933 171,933 84,359 2,319,654 2,319,654 339,231 650,000 650,000 650,000 550,000 439,231 439,231 439,231 353,656 8,977 8,977 3,090 1,089,231 15,583 3,549,729 4,827,502 8,377,231 5,884,267 182,342 59,511 681,236 409,854 1,091,090 374,583 89,000 845,000 1,825,000 1,825,000 3,705,000 1,000 1,000 1,000 $ 271,342 $904,511 $2,506,236 $ 410,854 $2,917,090 $4,080.583 -21- CITY OF WICHITA FALLS, TEXAS Exhibit D-5 Water And Sewer Fund Statement Of Property, Equipment And Depreciation For The Year Ended September 30, 1974 Property and Equipment Beginning Ending Balances Additions Deletions Transfers Balances Water: Land and betterments $12,240,216 $12,240,216 Buildings, plants and facilities 18,927,103 $ 16,712 $28,384 $163,183 19,078,614 Furniture and fixtures 11,463 489 150 11,802 Machinery and equipment 884,511 40,353 2,417 (571) 921,876 Motor vehicles 101,199 22,079 16,770 106,508 Construction in progress 265,804 572,802 114 (163,183) 675,309 Total water 32,430,296 652,435 47,835 , (571) 33,034_325 Sewer: Land and betterments 78,748 78,748 Building, plants and facilities 7,853,514 254 121,660 7,975,428 Furniture and fixtures 608 26 582 Machinery and equipment 53,408 1,826 71 571 55,734 Motor vehicles 40,636 11,395 5,047 46,984 Construction in progress 281,459 2,717,358 (121,660) 2,877,157 Total sewer 8,308,373 2,730,833 5,144 571 11,034,633 Combined Water And Sewer: Land and betterments 12,318,964 12,318,964 Building, plants and facilities 26,780,617 16,966 28,384 284,843 27,054,042 Furniture and fixtures 12,071 489 176 12,384 Machinery and equipment 937,919 42,179 2,488 977,610 Motor vehicles 141,835 33,474 21,817 153,492 Construction in progress 547,263 3,290,160 114 (284,843) 3,552,466 Total water and sewer $40,738,669 $3,383,268 $52,979 $ -0- $44,068,958 Notes to Financial Statements - Exhibit K. -22- PF ft pp CITY OF WICHITA FALLS, TEXAS Exhibit D-5 No Water And Sewer Fund PP Statement Of Property, Equipment And Depreciation iii For 'The 'Year 'Ended 'Septernbi r '30, '1974 ' Depreciation Net "" Beginning Ending Plant And iw Balance Additions Deletions Transfers Balances Equipment pp iii $ 710,673 $121,655 $ 832,328 $11;407,888 6,389,476 456,684 $22,853 6,823,307 12,255,307 PP 10,043 429 • 150 10,322 1,480 MO 591,600 52,387 2,284 641,703 280,173 55,372 16,469 16,770 55,071 51,437 ow* -0- -0- 675,309 Ii 7,757,164 647,624 42,057 8,362,731 24,671,594 lim 3,872 1,936 5,808 72,940 2,584,133 227,478 2,811,611 5,163,817 57.6 15 26 565 17 ft 40,430 3,404 71 43,763 11,971 18,738 8,231 5,047 21,922 25,062 pm -0- -0- 2,877,157 km 2,647,749 241,064 5,144 2,883,669 8,150,964 ii 714,545 123,591 838,136 11,480,828 8,973,609 684,162 22,853 9,634,918 17,419,124 11 10,619 444 176 10,887 1,497 632,030 55,791 2,355 685,466 292,144 74,110 24,700 21,817 76,993 76,499 - -0- -0-. 32.552,466 $10k404k913 $881y88 $47,201 $11k246,400 $32,822,558 -22- I : :CITY OF:WICHITA:FAL•LS; :TEXAS Exhibit D-6 Water And Sewer Fund 3 Schedule Of Bonded Debt And InterestMaturities . . . _ . . Sa�St�mb�t'30� '1974 Water and Sewer Revenue Bonds 3 Serial Interest Total Bonds Fiscal Bond On And 3 Period Maturities Bonds Interest 1975 $ 650,000 $'' 402,715 rl,052,715 1976 650,000 375,265 1,025,265 1977 650,000 347,815 997,815 pm 1978 675,000 319,834 994,834 itgi 1979 675,000 291,321 966,321 1980 675,000 . 264,121 939,121 "" 1981 680,000 238,703 918,703 So 1982 680,000 212,815 892,815 1983 680,000 186,810 866,810 p„ 1984 680,000 160,648 840,648 1985 680,000 134,199 814,199 M. 1986 680,000 107,461 787,461 1987 680,000 80,724 760,724 "" 1988 680,000 55,676 735,676 ais 1989 330,000 38,921 368,921 1990 330,000 26,496 356,496 ii 1991 250,000 18,319 268,319 1992 100,000 10,200 110,200 1993 100,000 5,100 105 '100 1 $10,525,000 $3,277,143 $130020.43 OM II II 1 Notes To Financial Statements-Exhibit K. II 1 I . • 1 -23- DEBT SERVICE FUND J Por CITY OF WICHITA FALLS TEXAS Exhibit E-1 ki Debt Service Fund Balance Sheet SeEtember 30t;1974 'and 1973 Seztember 30, le Assets 1974 1973 Cash (Exhibit E-3) $ 7,261 $ 434 Certificates Of Deposit (Exhibit E-3) 64,000 96,000 Accounts Receivable: PAR Taxes receivable-delinquent (Exhibits E-4 and E-5) 409,830 392,154 Allowances for uncollectible taxes (150,385) (126,628) 259,445 265,526 Due from other funds 15,179 10,580 $ 274„,624 276;106 $345,885 $372,540 Liabilities, Reserves And Fund Balance Fund Balance (Exhibit'E'-2) $345,885 $372,540 $345,885 $372,540 am Notes to Financial Statements-Exhibit K. 1110 rir rm im -24- • ovik CITY OF WICHITA FALLS, TEXAS Exhibit E-2 Debt Service Fund °'® Statement Of Reserve For Future Debt Payments For The Years Ended September 30, 1974 and 1973 1* "Year Ended September 30, 1974 1973 Balance-Beginning Of The Year $ 372,540 $ 409,201 0,01 it Add-Revenues: Property taxes (less allowances for estimated losses of $23,757 and $24,347, respectively) ' 2,351,953 '2,410,312 Interest on certificates of deposits, etc. 45 622 35,745 2,397,575 2)446,057 11 2,770,115 2,855,258 Pw Deduct-Expenditures (Note) : General obligation serial bond maturities 1,632,000 1,622,000 Interest on general obligation bonds 789,920 856,765 P. Paying agents' fee 2,310 3,953 2,424,230 2,482,718 P. Balance-End Of The Year .`$ 345,885 $ 372,540 P. P. Note-Expenditures were in the same amount as revised appropriations for the years ended September 30, 1974 and 1973 and there were no encumbrances outstanding at the begin- ning or end of either fiscal year. Notes to Financial Statements-Exhibit K. 1 1 a -25- I CITY OF WICHITA FALLS, TEXAS Exhibit E-3 Debt Service Fund Statement Of Cash Receipts And Disbursements . For The Years Ended September 30,_ 1974 and 1973 Years Ended September 30, 1974 1973 Balance-Beginning Of The Year: Cash in bank: Demand deposits $ 434 $ 12,349 Certificates of deposit 96,000 105,000 96,434 117,349 Receipts: ' Taxes receivable-property 2,343,676 2,414,969 Interest on certificates of deposit, etc. 45,622 35,745 Due from other funds 10,580 12,702 2,399,878 2,463,416 2,496,312 2,580,765 Disbursements: General obligation aerial bond maturities 1,632,000 1,622,000 Interest on general obligation bonds 789,920 856,765 rw Paying agents' fee 2,310 3,953 Refunds-taxes receivable 821 1,613 2,425,051 2,484)331 II Balance-End Of The Year: Cash in bank: Demand deposits 7,261 434 Certificates of deposit 64,000 _ 966 000 $ 71,261 $ ` 96,434 Notes to Financial Statements-Exhibit K. 114 1 -26- CITY OF WICHITA FALLS TEXAS Exhibit E-4 Debt Service Fund Changes In Taxes Receivable For The Year Ended Septenber'30, '1974 Delinquent Current Taxes Taxes Total Balances, September 30, 1973 $392,154 $ -0- $ 392154 AA Additions: Taxes levied 2,375,710 2,375,710 Transfer from current 72,489 72,489 Adjustments, etc. 821 821 72,489 21.376,531 2L449,020 r464,643 2_2 376,531 2_1_841,174 Deductions: Collections 50,591 2,293,085 2,343,676 Transfer to delinquent 72,489 72,489 Due from trust and agency fund 4,222 10z957 15,179 • 54,813 2,3761...531 2,431,344 Balances, September 30, 1974 $409,830 $ -0- $ 409,830 Notes to Financial Statements-Exhibit K. FIR 1 I ` -27- II I CITY OF WICHITA FALLS; TEXAS Exhibit E-5 Debt Service Fund II • Aged Schedule Of Taxes Receivable ii September 30z 1974 and 1973 pm Fiscal Year September 30, ii Outstanding 1974 1973 1954 and Prior $ 4,034 $ 4,170 1955-1956 1,188 1,207 im 1956-1957 1,350 1,372 1957-1958 1,600 1,679 II 1958-1959 1,787 1,891 1959-1960 2,725 2,887 1960-1961 3,515 3,860 II 1961-1962 4,530 4,971 1962-1963 • 5,601 6,382 1963-1964 13,297 14,783 1964-1965 15,177 16,417 I 1965-1966 21,641 23,538 1966-1967 33,637 36,309 1967-1968 27,701 30,410 II 1968-1969 27,431 31,117 1969-1970 31,060 35,356 1970-1971 37,880 43,610 I1971-1972 48,126 57,908 1972-1973 55,061 74,287 1973-1974 72,489 IIGross Taxes Receivable 409,8.30 392,154 Less-Allowances For Uncollectible Taxes Receivable 150,385 126,,628 . 1 Net Taxes Receivable $259,445 $265,526 I Notes to Financial Statements-Exhibit K. 1 I 1 • _')o ' CAPITAL PROJECTS FUNDS 1 I ' CITY OF WICHITA FALLS; TEXAS Exhibit F-1 Capital Projects Fund Combined Balance..Sheet- Septembe±'30, 1974 Health Unit Street And Combined Building. -:Storm• Drainage Total 1968 1968 Parks Assets Cash (Exhibit F-3)- 11 deposits $ 15,741 $5,127 $ 10,614 Accounts Receivable- Due from other governmental units 252,535 252,535 mi Bonds Authorized And Unissued mom $268,276 $5,127 $263�149 $ -0- Liabilities, Reserves And Fund Balances Liabilities- " Accounts payable $ 732 $ 732 10. Reserve For Encumbrances Illy (Exhibit F-2) 180,589 180,589 Fund Balances (Exhibit F-2) 86956 $S,l27 81 i829 • $2688277 . $5,127 $2630.50 Notes to Financial Statements-Exhibit K. 1 I I r -29- 3 CITY OF WICHITA FALLS TEXAS Exhibit F-2 Capital Projects Funds le] Combined Statement Of Authorizations, Expenditures And Encumbrances For The Year Ended September 30, 1974 el Health Unit Street And Combined Building Storm Drainage Total 1968 1968 Parks Amount Appropriated-Bonds Authorized $11,060,000 '$390,000 $10,670,000 FR Additions: Prior years 1,194,747 587,173 607,574 Current year-interest income 558 558 Federal Revenue Sharing (Note 1) 160,894 160,894 Categorical grants (Note 1) 113,644 $113,644 12,529,843 977,173 11,439,026 113,644 Less Expenditures: Prior years 12,003,294 972,046 11,031,248 Current year 259,004 145�360 113,644 12,262,298 972,046 11,176008 . 113)644 Unexpended Balance 267,545 5,127 262,418 -0- Less-Reserve For Encumbrances, September 30, 1974 180,589 180�589 Fund Balance, September 30, 1974 $ 86)956 $ . 50.27 $ 81,029 -0- Notes to Financial Statements-Exhibit K. it I w -30- CITY OF WICHITA`FALLS, TEXAS Exhibit F-3 Capital Projects Funds Combined Statement Of Cash Receipts .And •Disbursements For The Year Ended September 30, 1974 PI Health Unit Street And Combined _. .. .:Building ,. ..Storm Drainage Total " .. ..1968 1968 Parks ii Balances, September 30, 1973: Cash in bank: Demand deposits $ 59,338 $8,430 $ 50,908 Certificates of deposit 25,000 25,000 aw 84,338 8,430 75z908 Fie Receipts: ilik Interest income 558 558 Inter-fund receivables 3 3 State of Texas-joint projects IIparticipation and receiv- able 113,568 113,568 114,129 114,129 198,467 8',430 190,037 Disbursements: r" Inter-fund payable 1 1 Trade accounts payable 101,066 3,303 97,763 irmi Bond project costs 81i 659 81,659 182,726 3,303 179,423 MI iii Balances, September 30, 1974- Cash in bank- demand deposits $ 15,741 $5,127 $ 10,614 $ -0- Notes to Financial Statements-Exhibit K. 0 _. 1_ i TRUST AND AGENCY FUNDS I CITY OF WICHITA FALLS, TEXAS Exhibit G-1 Page 1 of 2 Trust And Agency Funds Combined Balance Sheet September 30, 1974 Cab Combined Social Company Total Security Payroll Trust Assets Cash (Exhibit G-3) $ 711,004 $175,007 $56,830 Certificates Of Deposit (Exhibit G-3) 2,147,000 Due From Other Govern- mental Units 369,107 Due From Other Funds 87,434 School And College District Taxes Receivable (Note 2) 1,051,793 Other Receivables 4,601 Securities Held In Trust 10,000 $10000 $4,380,939 $175,007 $56,830 $10,000 Liabilities, Reserves And Fund Balances Accounts Payable $ 203,811 $ 9,413 Accrued Salaries And Wages 26,281 Due To Other Funds 183,052 9,773 Due To Other Govern- mental Units 259,126 $175,007 37,644 Reserve For Encumbrances (Exhibit G-2) 1,023,251 Reserve For School And College District Taxes Receivable (Note 2) 1,051,793 Fund Balances (Exhibit G--2) 1,633,625 $10,000 $4,380,939 _ $175,007 $56,830 $10,000 Notes to Financial Statements-Exhibit K. -32- PP CITY OF WICHITA FALLS, TEXAS Exhibit G-1 Page l of 2 Trust And Agency Funds Combined Balance Sheet September 30, 1974 *■ Rosemont Total Grants Tax Tax Clearing Cemetery (Page 2) Refund Collection Fund Fund Forward $4,565 $ 91,343 $ 399 $29,397 $ 353,463 2,147,000 00. 369,107 87,434 1,051,793 4,601 $4,565 $1,143,136 $5,000 $29,397 $2 957,004 L I $4,565 $ 189,833 $ 44,868 $5,000 2(,281 123,411 46,475 '1,023,251 1,051,793 $29, 397 1,594,228 $4,565 $1,143,136 $5,000 $29,397 $2 0 574.004 PP IM 01. Pi p -32- CITY OF WICHITA FALLS, TEXAS Exhibit G-1 Page 2 of 2 Trust And Agency Funds Combined Balance Sheet September 30, 1974 Total Municipal Federal Public Grants Information Revenue Services Forward System Sharing Careers Assets Cash (Exhibit G-3) $ 353,463 $105,971 $ 128,036 $1,410 Certificates Of Deposit (Exhibit G-3) 2,147,000 2,147,000 Due From Other Govern- mental Units 369,107 227,099 85,255 2,105 Due From Other Funds 87,434 86,979 School And College District Taxes Receivable (Note 2) Other Receivables Securities Held In Trust $2,957)004 $333,070 $2,447,270 $3,515 Liabilities, Reserves And Fund Balances Accounts Payable $ 189,833 $138,513 $ 25,894 $ 367 Accrued Salaries And Wages 26,281 12,593 1,033 Due To Other Funds 123,411 24 2,115 Due To Other Govern- mental Units Reserve For Encumbrances (Exhibit G-2) 1,023,251 1,016,504 Reserve For School And College District Taxes Receivable (Note 2) Fund Balances (Exhibit G-3) 1,594,228 181064 1)404,848 $2057,004 $333,070 $2,447,270 $3,515 Notes to Financial Statements-Exhibit K. -33- CITY OF 'WICHITA"FALLS, TEXAS Exhibit G-1 Page 2 of 2 Trust And Agency Funds Combined Balance Sheet September 30, 1974 o• Emergency Comprehensive park Airport Security Solid All Employment Planning Topics Improvement Lighting Waste Other Grant Grant Grant Grant Grant Demonstration Grants $2,118 $ 5,370 $58,231 $20,429 $ 7,513 $24,385 2,729 4,583 9,047 19,064 8,304 10,921 455 1 -' $4,847 $10,408 $67,278 $39,493 $15,817 $ --0-- $35,306 $ 360 $ 2,070 $ 8,401 $14,228 II2,487 10,168 2,000 8,338 $67,278 $39,493 4,163 6,747 7,416 II $4,847 $10,408 $67,278 $39 493 $15,817 $ -0- $35 306 1 PR I! -33- CITY OF WICHITA FALLS, TEXAS Exhibit G-2 Page 1 of 2 Trust And Agency Funds Combined Statement Of Revenues, Expenditures And Fund Balances For The Year Ended September 30, 1974 Cab Combined Social Company Total Security Payroll Trust Fund Balances, September 30, 1973 $ 834,053 $ -0- $ -0- $10,000 Additions: Federal and state grants 2,081,971 Contributions by other city funds 7,416 Contributions-other 87,125 Federal shared revenue 1,567,158 Interest income, etc. 179,371 Reserve for encum- brances, September 30, 1973 1,267,739 5,190,780 -0- -0- -0- 6,024,833 -0- -0- 10,000 Deductions- Project expenditures (Note 1) 3,367,957 -0- -0- -0- Unexpended Balances 2,656,876 10,000 Less-Reserve For Encum- brances, September 30, 1974 1,023,251 mol .441 Fund Balances, September 30, 1974 $1,633,625 $ -0- $-0- $10,000 Notes to Financial Statements-Exhibit K. -34- CITY OF WICHITA FALLS, TEXAS Exhibit G-2 Page 1 of 2 Trust And Agency Funds Combined Statement Of Revenue, Expenditures And Fund Balances For The Year Ended September 30, 1974 Rosemont Total Grants Tax Tax Clearing Cemetery (Page 2) Refund Collection Fund Fund Forward $ -0- $ -0- $ -0- $ -0- $ 824,053 2,081,971 . 7,416 53,929 33,196 1,567,158 179,371 1,267,739 -0- -0- -0- 53,929 5,136,851 -0- -0- -0- 53,929 5,960,904 I -0- -0- -0- 24,532 3,343,425 29,397 2,617,479 1,023,251 $ -0- $ -0- $ -0- $29,397 $1,594,228 11 -34- CITY OF WICHITA FALLS TEXAS .. . .- . - - rl . . Exhibit G-2 Page 2 of 2 Trust And Agency Funds Combined Statement Of Revenues, Expenditures And Fund Balances For The Year Ended September 30, 1974 Total Municipal Federal Public Grants Information Revenue Services Forward System Sharing Careers Fund Balances, September 30, 1973 $ 824,053 $ 122,897 $ 682,180 $ -0- Additions: Federal and state grants 2,081,971 1,528,444 79,164 Contributions by other city funds 7,416 Contributions-other 33,196 Federal shared revenue 1,567,158 1,567,158 Interest income, etc. 179,371 179,371 Reserve for encum- brances, September 30, 1973 1,267,739 1,197,483 5,136,851 1,528,444 2,944,012 79,164 5,960,904 1,651,341 3,626,192 79,164 Deductions- Project expenditures (Note 1) 3,343,425 1,469,377 1,204,840 79,164 Unexpended Balances 2,617,479 181,964 2,421,352 -0- Less-Reserve For Encum- brances, September 30, 1974 1,023,251 1,016,504 Fund Balances, September 30, 1974 $1)594,228 $ 181,964 $1,404,848 $ -0- Notes to Financial Statements-Exhibit K. mi -35- CITY OF WICHITA FALLS, TEXAS Exhibit G-2 Page 2 of 2 Trust And Agency Funds Combined Statement Of Revenues, Expenditures And Fund Balances For The Year Ended September 30, 1974 Emergency Comprehensive Park Airport Security Solid All Employment Planning Topics Improvement Lighting Waste Other Grant Grant Grants Grant Grant Demonstration Grants $ -0-- $ -0- $18,976 $ -0- $ -0- $ -0- $ -0- 74,210 43,376 44,667 46,795 67,995 45,814 151,506 7,416 33,196 15,103 9,004 28,907 17,242 _ 89,313 43,376 44,667 88,995 75,411 74,721 168,748 89,313 43,376 63,643 88,995 75,411 74,721 168,748 89,313 43,376 63,643 88,995 67,995 74,721 162,001 -0- -0- -0- -0- 7,416 -0- 6,747 6,747 $ -0- $ -0- $ -0- $ -0- $ 7,416 $ -0- $ -0- -35- CITY OF WICHITA FALLS, TEXAS Exhibit G-3 Page 1 of 2 Trust And Agency Funds Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1974 Cab Combined Social Company Total Security Payroll Trust Balances, September 30, 1973: Cash in bank: Demand deposits $ 428,319 $159,840 $ -0- $ -0- Certificates of deposit 1,864,000 2,292,319 159,840 -0- -0- Receipts: Other funds-payroll and related 7,925,358 725,401 7,199,957 Property taxes 10,888,007 Federal and state grants 1,899,872 Contribution by other funds 75,728 Advances-other funds 92,776 pip Contribution-others 61,810 Federal shared revenue 1,567,158 Interest income, etc. 179,371 Due from other govern- mental units 584,354 381,159 Other 31,269 23,305,703 725,401 7,581,116 -0- 25,598,022 885,241 7,581,116 -0- Disbursements: Accounts payable 212,421 Due to other funds 27,388 Payroll and related 8,234,520 710,234 7,524,286 Taxes collected for city funds 5,322,274 Taxes collected for other governmental units 5,521,199 Advances-other funds 95,747 Due from other govern- mental units 160,681 Project expenditures 3,128,278 Other 37,510 22,740,018 710,234 7,524,286 -0- Balances, September 30, 1974: Cash in bank: Demand deposits 711,004 - 175,007 56,830 -0- Certificates of deposit 2,147,000 $ 2,858,004 $175,007 $ 56,830 $ -0- Notes to Financial Statements-Exhibit K. -36- CITY OF WICHITA FALLS, TEXAS Exhibit G-3 Trust And Agency Funds Page 1 of 2 Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1974 Rosemont Total Grants Tax Tax Clearing Cemetery (Page 2) Refund Collection Fund Fund Forward I $ 2,698 $ 46,809 $ 2,516 $ -0- $ 216,456 71 1,864,000 2,698 464,809 2,516 -0- 2,080,456 10,888,007 1,899,872 75,728 92,776 53,929 7,881 1,567,158 179,371 203,195 11,372 19,760 137 11,372 10,888,007 19,760 53,929 4,026,118 14,070 10,934,816 22,276 53,929 6_ 106,574 212,421 27,388 3 5,322,274 5,521,199 95,747 160,681 24,532 3,103,746 9,505 21,877 6,128 9,505 10,843,473 21,877 24,532 3,606,111 P 4,565 91,343 399 29,397 353,463 is 2,147,000 $ 4 565 91 343 $ 399 $29 397 $2 500 463 r -36- CITY OF WICHITA FALLS TEXAS Exhibit G-3 Page 2 of 2 Trust And Agency Funds Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1974 Total Municipal Federal Public Grants Information Revenue Services Forward System Sharing Careers Balances, September 30, 1973: Cash in bank: Demand deposits $ 216,456 $ 35,626 $ 35,306 $ 4,098 .,. Certificates of deposit 1,864,000 1,864,000 2,0801456 35,626 1,899,306 4,098 Receipts: Other funds-payroll and related Property taxes Federal and state grants 1,899,872 1,443,279 77,965 Contributions by other funds 75,728 Advances-other funds 92,776 1,250 Contributions-others 7,881 Federal shared revenue 1,567,158 1,567,158 Interest income, etc. 179,371 179,371 Due from other govern- mental units 203,195 75,427 Other 137 4,026L118 1,443,279 1)823,206 77,965 6,106,574 1,478,905 3,722,512 82,063 Disbursements: Accounts payable 212,421 124,115 20,855 1,986 Due to other funds 27,388 2,207 3,018 Payroll and related Taxes collected for city funds Taxes collected for other governmental units Advances-other funds 95,747 87,017 Due from other govern- mental units 160,681 160,681 Project expenditures 3,103,746 1,246,612 1,178,923 75,649 Other 6,128 3,606,111 1,372,934 1,447,476 80,653 Balances, September 30, 1974: Cash in bank: Demand deposits 353,463 105,971 128,036 1,410 Certificates of deposit 2,147,000 2,147,000 $2,50.0,463 $ 105,971 $2,275 036 $ 1,410 Notes to Financial Statements-Exhibit K. -37- II ICITY OF WICHITA FALLS, TEXAS Exhibit G-3 Page 2 of 2 Trust And Agency Funds I Combined Statement Of Cash Receipts And Disbursements For The Year Ended September 30, 1974 moo Emergency Comprehensive Park Airport Security Solid All w Employment Planning Topics Improvement Lighting Waste Other Grant Grant Grant Grant Grant Demonstration Grants $15,103 $ -0- $18,976 $ 18,054 $ -0- $34,101 $ 55,192 ,y 15,103 -0- 18,976 18J054 -0- 34,101 55,192 OR r■ 71,480 38,794 40,651 59,691 45,723 122,289 27,466 23,431 291 24,540 ii 2,000 8,275 47,960 26,500 6,791 7,881 6,236 54,595 17,982 48,955 137 73,480 53,305 102,555 112,599 83,122 46,014 210,593 88,583 53,305 121,531 130,653 83,122 80,115 265,785 1,386 13,631 5,195 45,253 4,850 17,313 455 8,275 86,465 41,244 63,300 96,593 75,609 74,920 164,431 6,128 MP 86,465 47,935 63,300 110,224 75,609 80,115 241,400 2,118 5,370 58,231 20,429 7,513 -0- 24,385 $ 2,118 $ 5070 $ 58,231 $ 20,429 $ 7,513 $ -0- $24.085 -37- GENERAL FIXED ASSETS I/ ' CITY OF WICHITA FALLS, TEXAS - Exhibit H-1 General Fixed Assets Balance Sheet (Note 3) September 30, 1974 and 1973 ISeptember Assets 30, 1974 1973 Land, Streets And Land Betterments $ 31,406,979 $ 29,893,262 Buildings And Improvements 4,330,009 4,184,523 Furniture And Fixtures 650,268 639,850 Machinery And Equipment 3,108,308 2,858,450 Motor Vehicles 1,690,196 1,568,540 Construction In Progress 237,482 1,328,642 11 $ 41,423,242 $ 40,473,267 Investments In General Fixed Assets mi Fixed Assets Acquired Prior To September 30, 1964 $ 20,867,993 $ 20,867,993 Fixed Assets Provided By General Fund 4,554,495 4,110,553 Fixed Assets Contributed 1,449,602 1,`i78,085 Fixed Assets Provided By Capital Projects Funds 13,929,446 13,925,756 Fixed Assets Provided By Federal Grants Funds 621,706 190,880 Plu $ 41,423,242 $ 40,473,267 11 rit Notes to Financial Statements - Exhibit K. • -38- PP Pi PP al CITY OF WICHITA FALLS, TEXAS Exhibit H-2 General Fixed Assets MOW Statement Of Additions And Deletions-By Department (Note 3) dm For The Year Ended September 30, 1974 Imo Beginning Ending mo Department Balances Additions Deletions Balances mw Mayor and Board of Aldermen $ 5,289 $ 209 $ 5,498 General Administration 19,810 $ 2,376 17,434 iii Legal and City Clerk 21,483 142 21,625 Personnel 8,934 2,305 2,266 8,973 olP Data Processing 35,375 16,574 2,250 49,699 PI Library 730,441 4,137 734,578 Health 1,030,082 565 1,030,647 "" Finance 10,977 4,828 15,805 60 Tax 41,254 2,931 3,012 41,173 Municipal Court 18,550 695 19,245 II Public Safety 36,483 8,484 2,484 42,483 Police 919,411 173,385 36,072 1,056,724 Fire 1,157,833 25,894 1,183,727 Fire Marshal 10,526 2,931 4,412 9,045 II Animal Control 25,987 2,730 28,717 Engineering 66,708 7,018 2,223 71,503 Inspection 16,364 6,106 1,542 20,928 I Property Agent 6,157 6,157 Street Maintenance 26,494,656 348,339 26,842,995 Sanitation 1,173,881, 68,167 2,275 1,239,773 Parks 2,390,301 212,547 5,149 2,597,699 rill Golf 145,631 10,757 156,388 Cemetery 30,873 35,114 65,387 Planning 10,349 1,159 11,508 il Traffic Engineering 917,602 68,408 2,294 983,716 Street Lighting 10,000 10,000 Parking Meters 101,028 2,279 2,099 101,208 , • Information Center 5,329 5,329 Auditorium Services 48,116 2,627 50,743 mo Purchasing 3,529 513 428 3,614 Central Garage 164,621 6,713 4,702 166,632 Building Maintenance 1,353,177 8,002 1,361,179 iiii WCID #1 3,315,212 3,315,212 WCID #2 19,235 . . . 19,235 11. Men's Recreational Building 128,063 128,063 Totals $ 40,473,267 $1,023,559 $ 73,584 $ 41,423,242 Notes to Financial Statements - Exhibit K. -39- MO CITY OF WICHITA FALLS2 TEXAS Exhibit H-3 00 General Fixed Assets Statement Of General Fixed Assets By Category (Note 3) September 30, 1974 Land, Streets Buildings And Land And - Department Total Betterments Improvements 0. Mayor and Board of Aldermen $ 5,498 General Administration 17,434 Legal and City Clerk 21,625 Personnel 8,973 Data Processing 49,699 le Library 734,578 $ 5,202 $ 306,410 Health 1,030,647 69,766 791,252 Finance 15,805 Tax 41,173 Municipal Court 19,245 Public Safety 42,483 Police 1,056,724 29,471 532,108 Fire 1,183,727 150,348 515,969 Fire Marshal 9,045 Animal Control 28,717 1,091 11,800 Engineering 71,503 188 864 Inspection 20,928 Property Agent 6,157 Street Maintenance 26,842,995 25,768,212 99,916 Sanitation 1,239,733 38,632 33,511 Parks 2,597,699 1,850,406 431,863 :: Golf 156,388 4,466 95,822 Cemetery 65,987 24,532 11,006 Planning 11,508 m. Traffic Engineering 983,716 78,072 Street Lighting 10,000 Parking Meters 101,208 36,807 01. Information Center 5,329 00 Auditorium Services 50,743 Purchasing 3,614 00 Central Garage 166,632 50,000 42,495 Building Maintenance 1,361,179 32,535 1,301,684 WCID #1 3,315,212 3,264,871 11,886 WCID #2 19,235 2,380 15,360 Men's Recreational Building 128,063 128,063 mi Totals $41„:423,242 $31,406,979 $4,330,009 10, 0. 00 Notes to Financial Statements - Exhibit K. 00 0. wi -40- CITY OF WICHITA FALLS, TEXAS Exhibit H-3 General Fixed Assets Statement Of General Fixed Assets By Category (Note 3) September 30, 1974 Furniture Machinery Construction And And Motor In Fixtures Egulpment VahiLlas Progress II $ 4,497 $ 1,001 5,820 3,679 $ 7,935 17,997 3,628 Om 4,088 2,635 2,250 it 10,187 39,512 417,337 5,629 e 47,086 107,234 15,309 at 6;457 7,082 2,266 15,181 15,643 10,349 II 7,656 6,840 4,749 2,123 37,802 2,558 3,614 278,242 183,289 17,034 89,618 410,758 11 II 628 3,531 4,886 188 4,160 11,478 6,525 28,617 35,309 II 2,469 4,116 14,343 1,134 2,129 2,894 1,211 524,830 211,344 $ 237,482 3,329 568,473 595,828 II 9,422 242,834 63,174 1,924 45,612 8,564 1,332 24,426 . 4,691 11 5,084 3,325 3,099 7,023 855,407 43,214 10,000 I 791 51,865 11,745 1,864 1,291 2,174 4,379 46,364 1,633 1,981 I 3,451 40,421 30,265 8,804 11,657 6,499 38,455 269 1,226 f $_ 650I268 $ 3,108,308 $ 1)690,196. $ 237,482 k ;P -40- GENERAL BONDED DEBT CITY OF WICHITA FALLS, TEXAS Exhibit I-1 General Long-Term Debt Balance Sheet ■ S ptember 30, 1974 and 1973 MO September 30, 1974 1973 Debits Amounts Available For Retirement Of Serial Bonds (Exhibit I-2) $ 86,440 $ 107,014 Amounts To Be Provided For Retirement Of Serial Bonds 23,765,025 26,166,371 $23,851,465 $26,273,385 Credits Interest Payable-General Obligation Bonds (Exhibit I-3) $ 5,130,465 $ 5,920,385 General Obligation Bonds Payable-Serial Bonds (Exhibit I-3) 18,721,000 20,353,000 $23 L851,465 $26,273,385 Notes to Financial Statements-Exhibit K. aw -41- I me CITY OF WICHITA FALLS TEXAS Exhibit I-2 General Long-Term Debt Schedule Of Amounts Available In Debt Service Fund For Retirement Of Bonds And Interest September 30, 1974 and 1973 September 30, 1974 1973 Cash-Demand Deposits $ 7,261 $ 434 Cash-Certificates Of Deposit 64,000 96,000 Due From Other Funds 15,179 10,580 um $86,440 $107,014 boo mm is mm Notes to Financial Statements-Exhibit K. mom 3 lin id -42- II IICITY OF WICHITA FALLS, TEXAS Exhibit I-3 General Long-Term Debt II Schedule Of Bonded Debt And Interest Maturities September 30, 1974 General Obligation Bonds Serial Interest Total Bonds Fiscal Bond On And I Period Maturities Bonds Interest 1975 $ '1,666,000 $ '726,694 $ '2,392,694 1976 1,491,000 663,791 2,154,791 1977 1,499,000 602,741 2,101,741 44 1978 1,500,000 543,038 2,043,038 1979 1,501,000 483,160 1,984,160 1980 1,306,000 423,175 1,729,175 !! 1982 1,309,000 371,804 1,680,804 1982 1,311,000 319,767 1,630,767 1983 1,318,000 267,141 1,585,141 ii 1984 1,320,000 214,855 1,534,855 1985 1,155,000 171,700 1,326,700 1986 857,000 133,425 990,425 1987 885,000 93,393 978,393 II 1988 670,000 63,841 733,841 1989 558,000 36,565 594,565 1990 250,000 12,312 262,312 il1991 125,000 3,063 128,063 $18,721,000 p5,1301465 $23,851,465 j 0 00 !I Notes to Financial Statements-Exhibit K. 3 i Ple ii 3 -43- TRANSIT SYSTEM FUND 3 CITY OF WICHITA FALLS, TEXAS Exhibit J-1 w. Transit System Fund Balance Sheet ow September 30, 1974 and 1973 II September 30, Assets 1974 1973 PP Current Assets: am Cash (Exhibit J-4) $ 43,530 $ 4,830 Accounts receivable 246 304 7 Inventory-bus parts and supplies 9,675 7,565 il Other 78 53,529 12,699 PR im Plant And Equipment (Exhibit J-5) (Note 1 and 3) : Furniture and fixtures 372 135 rw Machinery and equipment 10,713 10,553 iiii Buses and motor vehicles 163,768 25,612 Total plant and equipment 174,853 36,300 Less accumulated depreciation (30,469) (22,679) 144,384 13,621 iiiii $ 197,913 $ 26,320 Liabilities And Retained Earnings (Deficit) am Current Liabilities: Accounts payable trade $ 669 $ 1,952 PR Due to other funds 40,828 31,320 iiii 41,497 33,272 Contribution From General Fund 116,000 56,000 Contributions In Aid Of Construction (Note 1) 147,929 100 iii Retained Earnings (Deficit) (Exhibit J-2) (107,1 513) (62,952) $ 197,913 $ 26,320 3 3 Notes to Financial Statements-Exhibit K. II II iiiii im P. -44- ii 55555; CITY OF WICHITA FALLS, TEXAS Exhibit J-2 Transit System Fund Statement Of Operations And Retained Earnings (Deficit) For The Years Ended September 30 1974 and 1973 Year Ended September 30, 1974 1973 Operating Revenues $ 129,466 $ 116,913 Operating Expenses: Salaries and wages 103,511 103,202 Social security 6,074 5,889 Employee retirement plans (Note 6) 2,099 1,699 Employee insurance 2,305 1,980 RR Gas, oil and supplies 18,310 15,716 Maintenance 6,800 12,794 Utilities and telephone 3,209 3,329 Rent (Note 9) 3,600 3,600 Insurance 11,533 10,985 Other 2,181 1,882 159,622 161,076 io Operating (loss) before other income and expense items (30,156) (44,163) Ppw Gain On Sale Of Fixed Assets 1,622 Depreciation Expense (Exhibit J-5) (Note 3) (17,126) "(8,025) 0. Interest Income 1,099 Net Operating (Loss) (44,561) (52,188) PR Retained Earnings-Beginning Of The Year: As previously reported 21,236 To change classification of contributions from the general fund (32,000) Retained earnings-restated (62,952) (10,764) Retained Earnings-End Of The Year $(107,513) $ (62,952) Notes to Financial Statements-Exhibit K. K`1 14 -45- It is CITY OF WICHITA FALLS? TEXAS Exhibit J-3 Transit System Fund Statement Of Changes In Financial Position. For The Years Ended September 30, 1974 'and 1973 Year Ended September 30, 1974 1973 ro Source Of Funds: Net (loss) for the year $ (44,561) $(52,188) Add charges to (loss) not requiring outlays of working capital- depreciation 17,126 8,025 (27,435) (44,163) Contributions in aid of construction 147,929 Contributions from general fund 60,000 24,000 Book value of fixed assets sold 1,726 182,220 (20,163) Application Of Funds- Additions to plant and equipment 149,615 1,119 Net increase (decrease) in working capital $ 32,605 $(21,282) 11 Changes In Components: Increase (decrease) in current assets: Cash $ 38,700 $ (3,766) Accounts receivable (58) 304 Inventory-bus parts and supplies 2,110 (972) Other 78 (Increase) decrease in current liabilities: Accounts payable trade 1,283 (1,572) 11 Due to other funds (9,508) (15,276) Net increase (decrease) in working capital $ 32,605 $(21,282) Notes to Financial Statements-Exhibit K. PPP -46- CITY OF WICHITA FALLS TEXAS Exhibit J-4 Transit System Fund Statement Of Cash Receipts And Disbursements For The Year Ended September 30. 1974 and 1973 Years Ended September 30, 1974 1973 Balance-Beginning Of The Year: Petty cash $ 2,770 $ 2,895 Demand deposits 2�060 5,701 4,830 8,596 Receipts: Operating revenues 129,220 116,913 Accounts receivable 304 Interest on certificates of deposit, etc. 1,099 Sale of fixed assets 3,398 Contribution by the general fund 24,000 134,021 14 0 913 138,851 149,509 Disbursements: Accounts payable trade 1,952 380 Fixed asset additions 398 1,119 Expenditures 59,463 143,180 Inventory 2,110 Due to other funds 31,320 Other 78 95,321 144,679 Balances-End Of The Year: Petty cash 2,044 2,770 Demand deposits 41,486 2,060 $ 43,530 $ 4,y830 Notes to Financial Statements-Exhibit K. -47- CITY OF WICHITA FALLS_,_ TEXAS Exhibit J-5 Transit System Fund Statement of Plant, Equipment And Depreciation V. The Year Ended September 30. 1974 Plant And Equipment Balances, .Transfer Balances, BeFinninv Additions Deletions In (Out) Ending Furniture And Fixtures $ 135 $ 237 $ 372 Machinery And Equipment 10,553 160 10,713 Buses And Motor Vehicles 25,612 1491218 $11,062 163,768 $36)300 $149,615 $11062 $174,853 Notes to Financial Statements-Exhibit K. -48- I 11 CITY_OF_ WICHITA FALLS, TEXAS Exhibit J-5 Transit System Fund ' Statement of Plant, Equipment And Depreciation For The Year Ended -September 30 1974 11 Accumulated Depreciation Net Plant Balances, Transfer Balances, And Beginning Additions �� Deletions In' (0ut� ' ` ' ` Eiding ` Equipment $ 84 $ 46 $ 130 $ 242 5,259 1,695 6,954 3,759 17,336 154 385 $9,336 23,385 1401383_ itt $22 679 $17 126 9 336 $30 469 144 384 1 h� t pit 11 I ' /.A NOTES TO FINANCIAL STATEMENT I CITY OF WICHITA FALLS, TEXAS Exhibit K Page 1 of 4 Notes To Financial Statements September 30, 1974 And 1973 1. Accounting Policies and Procedures: A. Change in Reporting Policy: In prior years, participation paving fund recognized assessments on an accrual basis. During the current fiscal year, the recognition of assessments was on a cash basis. The financial statements for the fiscal year 1973 of participa- tion paving fund has been retroactively adjusted to reflect this change in the recognition of assessments. B. Basis of Accounting - Generally: The accompanying financial statements have been prepared, generally, on the accrual basis. Certain general fund revenues have been consistently stated on a cash basis. City officials are of the opinion that the accrual basis applied to these revenues would have an insignificant effect on the financial statements. Penalty and interest on delinquent ad valorem taxes receivable is not recognized as an asset nor is income recognized until actually collected in cash. Also see 1-A above for recognition of assessments by participation paving fund. C. Categorical Grants and Revenue Sharing: Categorical grants and revenue sharing funds are accounted for in the trust and agency funds. Expenditures and revenues in a like amount are also re- flected in the other City funds- depending on the nature of the grant or ex- penditure. Categorical grant expenditures of $67,996, $113,644 and $1,956,945 (includes $1,469,377 for development of a municipal information system) are also reflected in Airport fund, capital projects fund and general fund, re- spectively, for fiscal year 1974. For fiscal year 1973, $1,656,736 (includes $1,078,552 for development of a municipal information system) is also reflected in the general fund. Federal revenue sharing expenditures aggregating $1,204,840 and $293,267 for fiscal year 1974 and 1973, respectively, have been reflected in the following City funds: 1974 1973 General Fund $ 133,277 $ 199,713 Airport Fund 51,732 Water and Sewer Fund 568,575 41,822 Participation Paving Fund 194,165 Capital Projects Fund 160,894 Transit System Fund 147,929 $1,204�840 $ 293,267 The expenditures in the airport fund, transit system fund and water and sewer fund were for fixed asset additions and the contra amount being contributions in aid of construction. -49- mo CITY OF WICHITA FALLS, TEXAS Exhibit K Notes To Financial Statements Page 2 of 4 September 304_ 1974 And 1973 D. Fixed Assets and Depreciation: See Note 3 for basis of fixed assets and depreciation policy. E. General Obligation Bonds: All general obligation bonds, regardless of use of proceeds, are recorded only in the general long-term debt fund, including interest to maturity. F. Interest on Revenue Bonds: Interest on revenue bonds in the water and sewer fund and airport fund is recognized only as it accrues. 0 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 and uncollected for the school and college district aggregated $1,051,793 at September 30, 1974 and is reflected in the tax collection fund in the trust and agency fund group. 3. Fixed Assets and Depreciation: Fixed assets of the airport fund and the transit system fund are stated at cost. The records of the general fixed assets and the fixed asset records of the water and sewer fund are incomplete as to historical carrying values, identi- fiable fixed asset units and, also, retirements are, generally, not recognized due to such incomplete records. Current year additions are stated at cost. Depreciation of fixed assets is recognized only in the water and sewer fund, airport fund and the transit system fund (enterprise funds) . Depreciation is computed on the straight - line basis, based on estimated useful lives of the fixed assets. Depreciation expense was recognized as follows: Rates 1974 1973 Water and sewer fund 2% - 33 1/3% $888,688 $886,926 Airport fund 2% - 33 1/3% 17,776 16,642 Transit system fund 10% - 33 1/3% 17,126 8,025 $923,590 $911,593 -50- 7 CITY OF WICHITA FALLS, TEXAS Exhibit - K Notes To Financial Statements Page 3 of 4 ril! September 30, 1974 And 1973 Mil Fixed assets acquired from general fund revenues are not carried in the accounts of the general fund. In conformity with generally accepted governmental account- ing principles, these fixed assets are known as general fixed assets and are imi carried in a separate self-balancing group of accounts called general fixed assets. I4. Revenue Bonds Collateral: The net revenues of the water and sewer fund and the airport fund are pledged as I collateral for the revenue bonds outstanding in the respective funds. 5. Municipal Information System: IOn March 5, 1970, the City entered into a contract with the Department of Housing and Urban Development for the development of a Municipal Information System. The original contract period of three years has been extended to August 31, 1975, and m has remaining Federal appropriations of $635,515. m To aid in the development of the information system, the City entered into sub- contracts with a consulting firm and a university. Gross expenditures applicable to this information system development amounted to $1,469,377 during the current fiscal year and $1,078,552 during the prior fiscal year, payments to sub-contract- ors aggregated $820,272 and $602,665, respectively. 6. Employee Retirement Cost: City employees, except for firemen, are covered by the Texas Municipal Retirement System; firemen are covered by a self administered Firemens Relief Fund. The Firemens Relief Fund contribution is 6.75% of participants' salary currently; the rate was 6% in 1973. The Texas Municipal Retirement System contribution is 5.85% of participants' salary to $8,400 of annual salary; the rate was 5.25% in 1973. Prior service liability, if any, is funded by the City annually and would be included in the contribution rate. City contributions, to both plans, charged to operations is as follows: 1974 1973 General Fund $290,815 $234,138 Water and Sewer Fund 47,029 40,229 Airport Fund 2,465 1,621 Transit System Fund 2,099 1,699 $342,408 $277,687 a CITY OF WICHITA FALLS, TEXAS Exhibit K Notes To Financial Statements Page 4 of 4 September 30, 1974 And 1973 7. Contributions (Transfers) of Surplus Funds: During the current fiscal year, $820,000 of surplus funds in the water and sewer fund were contributed (transferred) to the general fund, this amount was $750,000 for the prior fiscal year. At the time of the transfers, all re- quirements of the bond reserve fund and the interest and sinking fund, in the water and sewer fund, had been satisfied. The transfers were made from the surplus accounts of the water and sewer fund in compliance with' existing-.ordinances .governing such- transfers and in conformance with excess revenue provisions of the pertinent revenue bond indentures. 8. Airport Lease: The airport' facilities, acquired in 1964, are situated on land at Sheppard Field Air Base. The land is leased from the Department of the Air Force at a cost of $1.00 per year for a period-of' fifty years, beginning May 15, 1959 s and expiring May 14,2009.• Additional rent is required for landing fees at a rate of $1.8264 per scheduled landing. Rent expense on this lease was $6,067 and $7,982 for fiscal year ended September 30, 1974 and"1973, respectively. 9. Contracts and Commitments: The City is contingently liable as endorser of a $400,000 note payable made by the- Wichita Falls General. Hospital to.a bank for the purchase of land. At September 30, 1974, the remaining balance of the note payable was $306,627 and all required payments had been made. Data processing equipment rentals of approximately $250,000' will be required for the next fiscal year. The transit- system fund has annual facilities rentals aggregating $3,600. _S7_ STATISTICAL SECTION I , ICITY OF WICHITA FALLS, TEXAS Exhibit L-1 Tax Revenues By Source Last Ten Fiscal Years Business Gross Fiscal Total Ad Valorem Sales Receipts Occupation Year Taxes Taxes Taxes - Taxes Taxes ir iii 1964-65 $4,230,263 $3 871 990 $ -0- $350,130 $8,143 1965-66 4,522,141 4,142,392 -0- 372,964 6,785 1966-67 4,859,914 4,442,557 -0- 410,148 7,209 1967-68 5,802,415 4,479,498 884,386 432,128 6,403 ill 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 I 1970-71 7,049,348 4,918,738 1,600,000 523,124 7,486 1971-72 7,274,629 5,002,195 1,720,000 545,599 6,835 1972-73 7,655,325 5,091,491 1,900,000 656,405 7,429 II1973-74 8,233,443 5,220,182 2,325,000 681,368 6,893 I I r 71 ail �.o 3 i .... in -53- II CITY OF WICHITA FALLS TEXAS 4t ( 1_ Exhibit L-2 11 ` Property Tax Levies And Collections Last Ten Fiscal YearsII Total Current Per Cent Fiscal Tax Tax Of Levy I Year Levy Collections `Collected 1964-65 $3,910,580 $3,647,116 93.26% 1965-66 4,166,789 3,900,357 93,61% II 1966-67 4,465,061 4,187,744 93.80% 1967-68 4,514,277 4,228,690 93.67% 1 1968-69 4,299,255 4,125,058 95.95% 1969-70 4,746,379 4,568,765 96.26% 1970-71 4,875,445 4,690,158 96.20% 1971-72 4,999,048 4,808,066 96.18% I 1972-73 5,149,122 4,982,724 96.77% 1973-74 5,272,911 5,102,886 96.78% II :I Iv ro II i II II II II -54 :: - ri CITY OF WICHITA FALLS, .TEXAS Exhibit L-2 1 Property Tax Levies And LastCollections Ten Fiscal Years Delinquent Total Total Collections Tax Tax As Percent Of Collections Collections Current Levy $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% 144,875 4,713,640 99.31% 146,079 4,836,237 99.20% 132,984 4,941,050 98.84% 142,230 5,124,954 99.53% 126,249 5,229,135 99.17% I I I I I I I I I I I -54- CITY OF WICHITA FALLS, TEXAS Exhibit L-3 Assessed And Estimated Actual Value of Taxable Property Last Ten Fiscal Years Real Property Personal Property Fiscal Assessed Estimated Assessed Estimated Year Value Actual Value Value Actual Value 1964-65 $185,812,260 $371,624,520 $58,598,980 $117,197,960 1965-66 188,449,360 376,898,720 56,655,900 113,311,800 1966-67 189,412,500 378,825,000 57,275,310 114,550,620 1967-68 190,662,810 381,325,620 58,745,285 117,490,570 1968-69 192,499,218 384,998,436 49,515,325 99,030,650 1969-70 195,862,998 391,725,996 51,344,180 102,688,360 ' 1970-71 201,585,330 403,170,660 52,815,610 105,631,220 1971-72 208,918,720 417,837,440 54,429,630 108,859,260 "' 1972-73 216,141,878 432,283,756 57,740,540 115,481,080 1973-74 228,732,633 457,465,266 60,981,302 121,962,604 0 I 1 II -55- :I ' ' CITY OF WICHITA PALLS, TEXAS Exhibit L-3 Assessed And Estimated Actual Value of Taxable Property Last Ten Fiscal Years Total Ratio Of Total Assessed Estimated Assessed To Total Value Actual Value Estimated Actual Value f.. $244,411,240 $488,822,480 5000%. 245,105,260 490,210,520 50.00% 246,687,810 493,375,620 50.00% 249,408,095 498,816,190 50.00% "' 242,014,543 484,029,086 50.00% 247,207,178 494,414,356 50.00% 254,400,940 508,801,880 50.00% .A 263,348,350 526,696,700 50.00% 273,882,418 547,764,836 50.00% 289,713,935 579,427,870 50.00% !I I a a I' -55- CITY OF WICHITA FALLS TEXAS Exhibit L-4 4 . - ' I. .- - AI . - - - T ..1 - --- Tax Rates And Tax Levies 1964-1974 Tax Rates Per $100 Valuation Fiscal WFISD CVISD Period City School (1) School (2) 1964-65 $1.60 $1.50 $ 2.00 1965-66 1.70 1.61 2.00 1966-67 1.81 1.61 2.00 1967-68 1.81 1.61 2.00 1968-69 1.78 1.78 2.20 1969-70 1.92 1.86 2.30 1970-71 1.92 1.86 2.30 -, 1971-72 1.90 1.86 1.35 wii 1.972-73 1.88 1.86 1.35 1973-74 1.82 1.92 1.35 Tax Levies04 1964-65 $3,910,580 $3,692,020 $ 71,457 1965-66 4,166,789 3,969,478 70,900 omn 1966-67 4,465,061 3,994,395 73,128 1967-68 4,514,277 4,038,370 79,324 1968-69 4,299,255 4,337,454 88,026 1969-70 4,743,846 4,625,896 96,415 1970-71 4,875,445 4,757,473 95,862 414 1971-72 4,922,000 4,891,188 135,000 1972-73 5,149,122 5,071,376 138,331 1973-74 5,272,911 5,361,905 171,566 (1) WFISD - Wichita Falls Independent School District - 91.79% in md Wichita Falls city limits (2) CVISD - City View Independent School District - 66.34% in Wichita Falls city limits mil 04 14 PM Ai wiii 7 iii -56- I. 3 CITY OF WICHITA FALLS TEXAS Exhibit L-4 Tax. Rates And Tax Levies 1964-1974 Tax Rates Per $100 Valuation PP County State Total $1.05 $.42 $6.57 1.05 .42 6.78 1.05 .47 6.94 !! 1.05 .47 6.94 1.05 .42 7.23 1.05 .37 7.50 1.05 .32 7.45 1.05 .27 6.43 1.05 .22 6.36 1.00 .17 6.26 Tax Levies 3 $1,670,192 $496,516 $ 9,840,765 60 1,713,214 509,663 10,430,044 1,753,123 595,554 10,881,261 1,789,336 612,145 11,033,452 1,824,287 816,582 11,365,604 1,926,248 530,738 11,923,143 „P 1,997,622 480,890 12,207,292 2,081,551 429,072 12,458,811 2,180,136 371,610 12,910,575 rm 2,226,311 312,574 13,345,267 PP PP Pro volo PP im 141. -56- 004 CITY OF WICHITA FALLS, TEXAS Exhibit L-5 al Ratio Of Net General Bonded Debt To Assessed Value 004 And Net Bonded Debt Per Capita Last Ten Fiscal Years Gross Fiscal Assessed Bonded Year Population Value Debt** NIT 1964-65 109,225 $244,411,240 $19,307,000 1965-66 109,500 245,105,260 18,181,000 '" 1966-67 115,300 246,687,810 17,037,000 1967-68 115,340 249,408,095 18,867,000 1968-69 115,500 242,014,543 22,121,000 1969-70 94,976 247,207,178 22,943,000 1970-71 97,300 254,400,940 23,545,000 1971-72 98,500 263,348,350 21,975,000 1972-73 100,400 273,882,418 20,353,000 1973-74 101,600 289,713,935 18,721,000 ** Includes Water and Sewer Tax Obligation Bonds • ma 000 000 ia 4. -57- I ii CITY OF WICHITA FALLS TEXAS Exhibit L-5 Ratip Of Net General Bonded Debt To Assessed Value II And Net Bonded Debt Per Capita iii Last Ten Fiscal Years Ratio Net ' ' " Less Net Bonded Debt Net is Debt Service Bonded To Assessed Bonded Debt Funds Debt Value Per Capita Pm $637,329 $18,669,671 7.63% $170,93 bi 552,940 17,658,060 7.20% 161.26 551,679 16,485,321 6.68% 142.98 Pow 423,755 18,443,245 7.39% 159.90 la 503,725 21,617,275 8.93% 187.16 498,561 22,444,439 9.07% 236.32 li 457,356 23,087,644 9,08% 237.28 lik 409,201 21,565,799 8.19% 218.94 372,540 19,980,460 7.30% 199.01 345,885 18,375,115 6.34% 180.86 II II 11 II II 0 ii ri `', -57- C r "CITY OF WICHITA FALLS, TEXAS Exhibit L-6 Statement Of Direct And Overlapping Debt :: _ -- September 30, 1974 City of Wichita galls! ii General Obligation Debt $18,721,000 Less: Self Supporting Debt (A) $4,509,000 Amount Available for IIDebt Service 86L440 4L5951..440 Net Debt $14,125,,560 II Percentage Of iota Net Debt Applicable Amount . Debt To City Overlapping '" City of Wichita Falls $14,125,560 100,00% $14,125,560 ii Wichita Falls, Independent School District 16,063,855 9 . .49% 15,821,291 1 Wichita County 1,659,636 77.23% 1,281,737 City View Independent School District 428,428 50.40% 215,928 !I Burkburnett Independent School District 633,374 1.61% 10�197 ITotal Direct and Overlapping Debt $31054,713 !! (A) General Obligation Bonds issued for Water and Sewer purposes. mi II II 11 II °". -58- Vi ' CITY{'OF �,WICHITA FALLS; TEXAS Exhibit L-7 Schedule Of Revenue Bond Coverage Water & Sewer Revenue Bonds Last Ten Years '* Net Revenue Fiscal .. .. . Gross Available For Year Revenues Expenses Debt Service 1964-65 $2,368,775 $1,019,441 $1,349,334 1965-66 2,637,466 1,021,965 1,615,501 1966-67 2,618,584 11071,974 1,546,610 1967-68 2,536,938 1,182,898 1,354,040 gml 1968-69 3,069,010 1,307,812 1,761,198 1969-70 3,153,610 1,388,778 1,764,832 1970-71 3,276,049 1,492,801 1,783,248 1971-72 3,295,249 1,524,358 1,770,891 1972-73 3,301,637 1,641,288 1,660,349 1973-74 3,919,673 1,835,213 2,084,460 OA NIRO -59- CITY OF 'WICHITA FALLS, TEXAS Exhibit L-7 Schedule Of Revenue Bond Coverage Water & Sewer Revenue Bonds Last Ten Years P"" Average Annual ire Debt Service Renuirements Times Principal - Interest Total Covered $224,000 $ 81,318 $305,318 4.42 376,000 153,827 529,827 3.05 450,000 188,890 638,890 2.42 560,000 233,297 793,297 1.71 566,000 221,636 787,636 2.24 515,238 181,123 696,361 2.53 513,750 170,035 683,785 2.61 mm 511,842 159,160 671,002 2.64 MO 558,750 185,819 744,569 2.23 553,947 172,481 726,428 2.87 PIR mg rsto oiN —59— mi 17 CITY OF WICHITA FALLS, TEXAS Exhibit L-8 iiiii Schedule Of Revenue Bond Coverage mig Airport Revenue Bonds Last Ten Yearsii Net Revenue am Fiscal . Gross Available For id Year `Revenues - Expenses Debt Service imil 1964-65 $ 96,350 $37,580 $58,770 wi 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 iii 1969-70 117,520 63,141 54,379 1970-71 116,116 67,598 48,518 1971-72 118,504 75,235 43,269 1972-73 126,544 90,411 36,133 1973-74 154,582 99,970 54,612 II I 1 II MS II -60- Pot I' ,CITY OF WICHITA TALLS,, TEXAS Exhibit L-8 Schedule Of Revenue Bond Coverage Airport Revenue Bonds Last Ten Years Average Annual Debt Service Rectuirements Times Principal Interest . Total i- -Covered $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 w" 25,313 8,906 34,219 1.42 25,667 8,413 34,080 1.27 25,714 7,904 33,618 1.07 25,769 7,387 33,156 1.65. } k PP 411. ik 11 I I ' -60- CITY OF WICHITA FALLS, TEXAS Exhibit L-9 Schedule of Bonded Debt and Interest Maturities September 301, 1974 General Obligation Bonds Water And Serial ` ' ` ' ' - ' Yntere'st Total 'Bonds Serial Fiscal Bond On And Bond Period -Maturities Bonds Interest Matt.'ttteE . . $t 1975 $ 1,666,000 $ 726,694 $ 2,392,694 $ 650,000 1976 1,491,000 663,791 2,154,791 650,000 1977 1,499,000 602,741 2,101,741 650,000 1978 1,500,000 543,038 2,043,038 675,000 1979 1,501,000 483,160 1,984,160 675,000 1980 1,306,000 423,175 1,729,175 675,000 1981 1,309,000 371,804 1,680,804 680,000 1982 1,311,000 319,767 1,630,767 680,000 1983 1,318,000 267,141 1,585,141 680,000 1984 1,320,000 214,855 1,534,855 680,000 1985 1,155,000 171,700 1,326,700 680,000 1986 857,000 133,425 990,425 680,000 1987 885,000 93,393 978,393 680,000 1988 670,000 63,841 733,841 680,000 .40 1989 558,000 36,565 594,565 330,000 1990 250,000 12,312 262,312 330,000 1991 125,000 3,063 128,063 250,000 1992 100,000 1993 200�000 $188721,000 $5,130,465 $23051065 $10)525,000 AP -61- CITY OF WICHITA FALLS, TEXAS Exhibit L-9 ,Schedule of Bonded Debt and Interest Maturities September 30. 1974 . . Sewer Revenue Bonds Airport Revenue Bonds Interest Total -Bonds Serial - - Interest - ' Total Bonds On And Bond On And Bonds Interest Maturities Bonds Interest /dta1 $ 402,715 $ 1,052,715 $ 25,000 $ 13,700 $ 38,700 $ 3,484,109 375,265 1,025,265 25,000 12,725 37,725 3,217,781 347,815 997,815 25,000 11,750 36,750 3,136,306 319,834 994,834 25,000 10,775 35,775 3,073,647 Lr 291,321 966,321 25,000 9,800 34,800 2,985,281 264,121 939,121 30,000 8,825 38,825 2,707,121 w e 238,703 918,703 30,000 7,600 37,600 2,637,107 212,815 892,815 30,000 6,375 36,375 2,559,957 am 186,810 866,810 30,000 5,150 35,150 2,487,101 160,648 840,648 30,000 3,925 33,925 . 2,409,428 134,199 814,199 20,000 2,700 22,700 2,163,599 41411 107,461 787,461 20,000 1,800 21,800 1,799,686 80,724 760,724 20,000 900 20,900 1,760,017 "' 55,676 735,676 1,469,517 ill* 38,921 368,921 963,486 26,496 356,496 618,808 we 18,319 268,319 396,382 w 10,200 110,200 110,200 5,100 105,100 105,100 $3,277,143 $13,802,143 $335,000 $ 96,025 $431,025 $38,084,633 \ J -61- CITY OF WICHITA FALLS, TEXAS Exhibit L-10 lit . . .. k4 4 - tl I . Page 1 of 5 Combined Schedule Of Bonds Payable September 30, 1974 Interest Final Rates And Issue Maturity Dates Date Date General Obligation Bonds t' 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 at -62- ;a :. CITY OF WICHITA FALLS, TEXAS Exhibit L-10 Page 1 of 5 Combined Schedule Of Bonds Payable .. . September 30, 1974 . . Annual Serial Bonds - . Payments Authorized Issued Retired ' Outstanding s . $ 21,000 (1950) $1,250,000 $1,250,000 $1,126,000 $124,000 14,000 (1951) 32,000 (1952) 34,000 (1953) 36,000 (1954) 34,000 (1955) 32,000 (1956) 34,000 (1957) 36,000 (1958) 38,000 (1959) 27,000 (1960) 35,000 (1961) 00 36,000 (1962) 38,000 (1963) 35,000 (1964) imp 32,000 (1965) 38,000 (1966) P. 41,000 (1967) 36,000 (1968) 38,000 (1969) 110,000 (1970) 113,000 (1971) 115,000 (1972) 121,000 (1973) I"' 124,000 (1974) 11,000 (1950) 800,000 800,000 715,000 85,000 8,000 (1951) loPm 17,000 (1952) 19,000 (1953) 21,000 (1954) 19,000 (1955) 00 17,000 (1956) wr 19,000 (1957) 20,000 (1958) rw 22,000 (1959) 16,000 (1960) 18,000 (1961) 20,000 (1962) 22,000 (1963) 18,000 (1964) 17,000 (1965) imm 00 mm -62- 1 • CITY OF WICHITA 'ALLS, TEXAS Exhibit L-10 e s s x Page 2 of 5 Combined Schedule Of Bonds Payable September 301 1974 . . Interest Final Rates And Issue Maturity Dates . Date Date General Obligation Bonds= 1949 Street Improvement (cont.) 11 1949 Park Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74 I 1 1949 Fire Station Improvement 3 1/2, 2 3/4; (6/1, 12/1) 12/1/49 12/1/74 1 I I I -63- CITY OF WICHITA PALLS TEXAS Exhibit L-10 Page 2 of 5 Combined Schedule Of Bonds Payable - - . . . _ September 30� 1974 Annual Serial Bonds Payments Authorized-- Issued Retired Outstanding $ 22,000 (1966) $ $ $ $ 23,000 (1967) 30,000 (1968) 37,000 (1969) 77,000 (1970) aw 79,000 (1971) 80,000 (1972) 83,000 (1973) 85,000 (1974)17 . 2,000 (1950) 200,000 200,000 179,000 21,000 MR 2,000 (1951) 4,000 (1952) 5,000 (1953) 6,000_ (1954) 5,000 (1955) owio 4,000 (1956) 5,000 (1957) 6,000 (1958) 6,000 (1959) 5,000 (1960) 1,40 5,000 (1961) 6,000 (1962) 46 6,000 (1963) 5,000 (1964) 4,000 (1965) 6,000 (1966) 8,000 (1967) 00, 6,000 (1968) 6,000 (1969) 18,000 (1970) 18,000 (1971) 20,000 (1972) 21,000 (1973) 21,000 (1974) - """ 1,000 (1950-51) 100,000 100,000 90,000 10,000 2,000 (1952-57) 3,000 (1958) 000 4,000 (1959) 2,000 (1960-61) mo 3,000 (1962) 4,000 (1963) 00 kW 400 -63- CITY OF WICHITA FALLS, TEXAS Exhibit L-10 Page 3 of 5 Combined Schedule Of Bonds Payable September 30� 1974 Interest Final Rates And Issue Maturity Dates - Date - Date General Obligation Bondst (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/R5 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 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 -64- ip Pm CITY OF WICHITA FALLS TEXAS Exhibit L-10 ip Page 3 of 5 Combined Schedule Of Bonds Payable mm • September 30, 1974 Annual Serial Bonds 40 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) 275,000 275,000 108,000 167,000 """ 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 1,615,000 85,000 5,000 (1959-62) 560,000 560,000 170,000 390,000 10,000 (1963-67) mm 15,000 (1968-71) 20,000 (1972-75) 25,000 (1976-78) FM 30,000 (1979-81) 35,000 (1982-84) 40,000 (1985-86) 200,000 (1960-79) 4,000,000 4,000,000 3,000,000 1,000,000 5,000 (1963-66) 385,000 385,000 99,000 286,000 7,000 (1967) 8,000 (1968-69) 10,000 (1970-71) -64- I CITY OF WICHITA FALLS TEXAS Exhibit L-10 !! Page 4 of 5 Combined Schedule Of Bonds Payable September 30, 1974 Interest Final Rates And Issue Maturity Dates Date Date General Obligation Bonds: (cont.) 1959 Wichita County Water Control and Improvement . District #6 (cont.) 1959 Wichita County Water Control and Improvement District #4 4 3/4, 5 1/2; (9/1, 3/1) 9/1/59 9/1/89 1963 Park Improvement Bonds 3 1/4, 4, 5; (2/1, 8/1) 8/1/63 8/1/79 1963 General Obligation Bonds 1/10, 3.30, 3 1/4, 4, 5; 8/1/63 8/1/88 (2/1/8/1) 1964 General Obligation Bonds 5, 4 7/8, 3, 3.10, 3.20, 8/1/64 8/1/84 1/10; (2/1,8/1) 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) 71;1970 General Obligation Bonds 7.0, 6.0, 5.25, 5.5, 5.75 2/15/70 2/15/90 5.85, 6.0, 6.1, 5.0; (2/15, 8/15) 1971 General Obligation Bonds 4.0, 4.25, 4.5, 4.7, 4.8, 2/15/71 2/15/91 4.9 (2/15, 8/15) Total General Obligation Bonds -65- pH -CITY OF WICHITA FALLS, TEXAS Exhibit L-10 Page 4 of 5 Combined Schedule Of Bonds Payable September 301, 1974 Annual Serial Bonds Payments Authorized Issued _ Retired' ' Outstandin $ 12,000 (1972-74) $ $ $ $ 14,000 (1975-76) 15,000 (1977-78) 16,000 (1979-80) mm 18,000 (1981-82) 20,000 (1983-85) 60 22,000 (1986) 25,000 (1987-88) mm 28,000 (1989) 5,000 (1962-70) 300,000 300,000 77,000 223,000 0" 8,000 (1971-74) 10,000 (1975-81) 12,000 (1982-85) mm 25,000 (1986-88) 30,000 (1989) 20,000 (1964-79) 320,000 320,000 220,000 100,000 100,000 (1964-79) 2,680,000 2,680,000 1,100,000 1,580,000 120,000 (1980-88) 160,000 (1965-67) 3,285,000 3,285,000 1,635,000 1,650,000 165,000 (1968-84) . 300,000 (1966-85) 6,000,000 6,000,000 2,700,000 3,300,000 raw 150,000 (1970-75) 3,000,000 3,000,000 750,000 2,250,000 175,000 (1976-87) 3° 85,000 (1971) 4,435,000 4,435,000 685,000 3,750,000 150,000 (1972) 225,000 (1973-74) '250,000 (1975-89) 100,000 (1972-86) 2,000,000 2,000,000 300,000 1,700,000 125,000 (1987-90) 125,000 (1976-91) 2,000,000 2,000,000 -0- 2,000,000 • $33,290,000 $33,290,000 $14,569,000 $14,569,000 -65- .41 011, CITY OP WICHITA FALLS TEXAS Exhibit L-10 Page 5 of 5 Combined Schedule Of Bonds Payable September 30, 1974 Interest Final Rates And Issue Maturity , Dates Date Date • Revenue Bonds: Water and Sewer Revenue Bonds: 1963 Water and Sewer Revenue 1/10,3$ 3.2, 3.3, 5; 8/1/63 8/1/88 (2/1/8/1) 1966 Water and Sewer Revenue 5, 3 1/2, 3.6, 3 3/4, 2/1/66 2/1/91 1/20; (8/1, 2/1) 1966-A Water and Sewer Revenue 5, 4 7/8, 4; (2/1, 8/1) 11/1/66 8/1/91 1968 Water and Sewer Revenue 5,4 5/8, 4 1/4, 4 1/2, 2/1/68 2/1/88 4.60; (8/1, 2/1) 1973 Water and Sewer Revenue 5.5, 4.75, 4.5, 4.6, 4.7, 7/1/73 8/1/93 4.75, 4.9, 5, 5.1; (2/1,8/1) Total Water and Sewer Revenue Bonds Airport Revenue Bonds: 1964 Airport Revenue 3 1/4, 3 1/2, 3 3/4, 4; 4/15/64 4/15/84 (4/15, 10/15) 1967 Airport Revenue 4 1/2; (10/15, 4/15) 4/15/67 4/15/87 Total Airport Revenue Bonds Total Revenue Bonds Total All Bonds -66- 11 IICITY OF WICHITA FALLS, TEXAS Exhibit L-10 Page 5 of 5 Combined Schedule Of Bands Payable September 30, 1974 Annual Serial Bonds Payments Authorized Issued ' Retired . Outstanding 11 II $220,000 (1964-71) $ 5,585,000 $ 5,585,000 $ 2,435,000 $ 3,150,000 225,000 (1972-88) 75,000 (1966) 3,800,000 3,800,000 1,275,000 2,525,000 150,000 (1967-80) iiiii 155,000 (1981-90) 75,000 (1991) 75,000 (1968-91) 1,800,000 1,800,000 525,000 1,275,000 100,000 (1970-77) 2,175,000 2,175,000 500,000 1,675,000 _ 125,000 (1978-88) 100,000 (1974-93) 2,000,000 2,000,000 100,000 1,900.,000 II15,360,000 15,360,000 4,835,000 10,525,000 11 10,000 (1965-66) 375,000 375,000 150,000 225,000 15,000 (1967--72) 20,000 (1973-79) II 25,000 (1980-84) 5,000 (1971-84) 130,000 130,000 20,000 110,000 20,000 (1985-87) �505;000 505,000 170,000 335,000 15,,865,000 15,865,000 5 i005 0.00 10,860,000 II $49 155 000 . 4' 15 000 ; $19,574,000 $29 581 000 11 II I